Price Legs: Time & Distance. Measuring moves in time & price-Tool to measure price legs in terms of both time and price; gives an idea of frequency of market movements and their typical extent and duration.
-Written for backtesting: seeing times of day where setups are most likely to unfold dynamically; getting an idea of typical and minimum sizes of small/large legs.
-Two sets of editable lookback numbers to measure both small and large legs independently.
-Works across timeframes and assets (units = mins/hours/days dependent on timeframe; units = '$' for indices & futures, 'pips' for FX).
~toggle on/off each set of bull/bear boxes.
~choose lookback/forward length for each set. Increase number for larger legs, decrease for smaller legs.
(for assets outside of the big Indices and FX, you may want to edit the multiplier, pMult, on lines 23-24)
small legs
large legs
Циклический анализ
Elliott Wave - HAP [PRO] █ OVERVIEW
Meet HAP WAVE's real-time automated wave drawing tool on the chart. HAP WAVES Indicator is a technical analysis tool that uses Elliott Wave Theory and various technical indicators to analyze price and volume data in financial markets, such as crypto, stocks, and forex. It automatically draws Elliott Waves on the chart in real-time and provides features to identify potential buy and sell signals. The indicator can be used to identify target areas for waves 3, 5, and C, and shows both downward and upward waves. Additionally, the tool displays the real-time ratio of each wave and allows users to adjust wave rules flexibly. The tool also provides pre-sign analysis to help users predict future waves and includes alerts for various events, such as the start of a wave or the failure of a wave pattern. The indicator includes a trend channel and has several pairs of scan-wave tools. including real-time wave counting
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🎯 Feature
• Can draw wave lines in real time, indicating at that moment what wave the market is in.
• Automatically identify the target area of waves 3, 5, and C.
• Keep drawing waves automatically. All waves
• Shows both a downward wave (Bear) and an upward wave (Bull).
• Displays the real time ratio of each wave. (when hovering over the wave number)
• Each wave rule can be adjusted flexibly.
• Pre-show signs analyze waves that may occur in the future.
• Alert yourself when you encounter waves that are likely to occur in advance.
• Notify when meeting the start of a given wave.
• Alert when wave 2,4,A,B fail
• Notify when the wave is expanding again
• Multiple alert formats (save your alert, set it up just once, and receive all alerts according to 9–12)
• Hit Trend Channel from Automatic Coupled Price Swing
*There are also several pairs of scan wave tools.
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🔻Components
🎯 Unlocking the Power of the Elliott Wave Theory
feature that can set the starting point of the wave. by yourself
Trend Following Of course, adding this could be an element to help you make your decision easier.
Support and resistance
🎲 Scan version
This :
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🎯 Explanation of the wave counter setting section
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⬜ Understanding its basic principles and rules
Elliott Wave Prediction
Elliott Wave Theory is a technical analysis tool that seeks to identify patterns in financial market data and to make predictions about future price movements. The theory was developed by Ralph Nelson Elliott in the 1930s and is based on the idea that financial markets move in repetitive patterns, or waves, that can be analyzed and traded.
The Elliott Wave Theory has specific rules and guidelines for counting waves and determining their characteristics, including direction, size, and duration. The theory divides waves into two categories: motive waves (1, 2, 3, 4, and 5) and corrective waves (A, B, C). Motive waves are those that move in the direction of the overall trend and are subdivided into five smaller waves. Corrective waves are those that move against the trend and are subdivided into three smaller waves.
The theory also includes guidelines for determining the end of a wave and the start of a new wave, as well as rules for determining the characteristics of each wave, such as its size and duration. By analyzing the characteristics of waves and applying the rules and guidelines of the Elliott Wave Theory, traders and investors can make informed decisions about buying and selling in financial markets.
In summary, the Elliott Wave Theory is a technical analysis tool that seeks to identify patterns in financial market data and to make predictions about future price movements. The theory is based on the idea that financial markets move in repetitive patterns, or waves, and has specific rules and guidelines for counting and analyzing these waves.
>> The Elliott Wave Theory divides financial market movements into two categories: motive waves and corrective waves. Each wave has its own cycle and purpose, and understanding these cycles is important for making informed decisions about buying and selling in financial markets.
Motive Waves: Motive waves move in the direction of the overall trend and are subdivided into five smaller waves. The five waves of a motive wave cycle are:
•Wave 1: The first wave of a motive wave cycle is often referred to as the "impulse wave." This wave represents the beginning of a new trend and is characterized by strong price movements in the direction of the trend.
•Wave 2: The second wave is a corrective wave that retraces a portion of the gains made in Wave 1. This wave is usually smaller and less intense than Wave 1.
•Wave 3: The third wave is usually the longest and strongest wave of the motive wave cycle, and it represents the continuation of the trend. This wave is characterized by strong price movements in the direction of the trend and is usually much larger than Waves 1 and 2.
•Wave 4: The fourth wave is a corrective wave that retraces a portion of the gains made in Wave 3. This wave is usually smaller and less intense than Waves 1 and 3, and it provides a temporary pause in the trend.
•Wave 5: The fifth wave is the final wave of the motive wave cycle and is usually the shortest and weakest wave. This wave represents the end of the trend and is characterized by a final push in the direction of the trend.
Corrective Waves: Corrective waves move against the trend and are subdivided into three smaller waves. The three waves of a corrective wave cycle are:
•A. Wave A: The first wave of a corrective wave cycle is often referred to as the "A wave." This wave is characterized by a downward move against the trend and represents the start of a correction.
•B. Wave B: The second wave of a corrective wave cycle is the "B wave." This wave is characterized by an upward move against the trend, and it represents the counter-trend rally.
•C. Wave C: The final wave of a corrective wave cycle is the "C wave." This wave is characterized by a downward move in the direction of the trend, and it represents the completion of the correction.
In summary, the Elliott Wave Theory divides financial market movements into two categories: motive waves, which move in the direction of the trend, and corrective waves, which move against the trend. Understanding the cycle of each wave is important for making informed decisions about buying and selling in financial markets.
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🎯 CONCEPTS (Disclaimer)
Elliott Wave Count
The HAP WAVES indicator is designed for experienced traders who are familiar with advanced trading techniques. This tool is intended for day traders and long-term investors who have a solid understanding of the market and are looking to improve their trading strategy. The indicator was created by a well-known market analyst and is based on the principles and techniques documented in several books, including those by `Jason Perl`.
It is recommended that users of the HAP WAVES indicator have a good understanding of the concepts and techniques discussed in the books that cover this indicator. Before using the tool, it is important to have a good understanding of the underlying principles and techniques in order to make the most of the indicator and potentially improve your trading performance.
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🎯 Rules and Principles of this Indicator
* This description only addresses bullish (uptrend) markets, while bearish (downtrend) gives let you look a vice versa.
• ▶ HAP WAVES Requirements for Wave 1
The Wave 1 HAP WAVES requirements for a bullish (rising) market require that the market has closed a minimum of 21 bars below all 20 previous closes, then closes a maximum of 13 bars above all 12 previous closes, and finally reaches an 8 bar close below all 7 previous closes, to confirm that Wave 2 has formed.
• ▶ HAP WAVES Requirements for Wave 2
The first requirement for Wave 2 is the last requirement for Wave 1, which is a close of at least 8 bars with a close less than the previous 7 bars. Wave 2 continues until the market records a 21-bar close above all 20 previous closes, indicating the start of Wave 3.
• ▶ HAP WAVES Requirements for Wave 3
Wave 3 is confirmed after Wave 2 closes at 21 bars high, and it continues until there is a 13 bar close, indicating the end of Wave 3 and the start of Wave 4.
• ▶ HAP WAVES Requirements for Wave 4
The first requirement for Wave 4 is that there is a close at 13 bars after the end of Wave 3. Wave 4 is complete when the market records a 34 bar close (above all previous 33 closes), indicating the start of Wave 5.
• ▶ HAP WAVES Requirements for Wave 5
The first requirement for Wave 5 is a 34 bar close, signaling the end of Wave 4. The wave is considered complete when a 13 bar close is published, resulting in Wave A.
• ▶ HAP WAVES Requirements for Wave A
The HAP WAVES Requirements for Wave A state that the first call for Wave A is a 13 bar close (close below all previous 12 closes), signaling the end of Wave 5. Wave A is considered complete with an 8 bar high close (close above previous 7 closes), leading to the start of Wave B.
• ▶ HAP WAVES Requirements for Wave B
The first requirement for Wave B is a 8 bar high close (close above the previous 7 closes) after Wave A. Wave B is complete when there is a 21 bar low close (close below all 20 previous closes).
• ▶ HAP WAVES Requirements for Wave C
Wave C starts with a close of 21 bars low for Wave C, meaning the market close is below all 20 previous closes. Wave C is considered closed when the market closes below the close low of Wave A.
* Additional rules to apply the HAP WAVES indicator to the bullish trend
• The peak of Wave 3 must be higher than the close of Wave 1, and the peak of Wave 5 must be higher than the peak of Wave 3.
• If the pullback from Wave 1 is shallow, and the market later retraces above the high close of Wave 1, Wave 1 will slide to the right to align with the new high close.
• If the pullback from Wave 3 is shallow, and the market later retraces above the high close of Wave 3, Wave 3 will slide to the right to align with the new high close.
• Wave 5 will only be confirmed if Wave C crosses the low close of Wave A. If Wave B closes above the high close of Wave 5, Waves A, B and C will be erased and Wave 5 will slide to the right.
• If Wave 2 closes below the low close of Wave 1, the countdown will start over, and if Wave 4 closes below the low close of Wave 2, Wave 2 will move to the location of Wave 4.
• After Wave C crosses the low close of Wave A, Wave 5 will be locked in and cannot move. If the market later retraces above the high close of Wave 5, it will be marked as a new advance in Wave 1 rather than a blur of the previous Wave 5.
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Range Identifier*Re-upload as previous attempt was removed.
An attempt to create a half decent identifier of when the markets are ranging and in a state of choppiness and mean reversion - as opposed to in trending trade conditions.
It's super simple logic just working on some basic price action and market structure operating on higher time frames.
It uses the Donchian Channels but with hlc3 data as opposed to high/lows - and identifies periods in which the baseline is static, or when the channel upper & lower are contracting.
This combination identifies non trending price action with decreasing volatility, which tends to indicate a lot of upcoming chop and ranging/sideways action; especially when intraday trading and applied on the daily timeframe.
The filter increasing results in a decrease of areas identified as choppy by extending the required period of a sideways static basis, I've found values of 2 or 3 to be a nice sweetspot!
Overall should be pretty intuitive to use, when the background changes just consider altering your trading and investing approach. This was created as I've not really seen anything on here that functions quite the same.
I decided to not include the Donchian upper/lower/basis as I found that can often lead to decision bias and being influenced by where these lines are situated causing you to guess on future direction.
It's obviously never going to be perfect, but a nice and unbiased way to quickly check where we may be in a cycle; let me know if there are any issues/questions and please enjoy!
Hurst Spectral Analysis Oscillator"It is a true fact that any given time history of any event (including the price history of a stock) can always be considered as reproducible to any desired degree of accuracy by the process of algebraically summing a particular series of sine waves. This is intuitively evident if you start with a number of sine waves of differing frequencies, amplitudes, and phases, and then sum them up to get a new and more complex waveform." (Spectral Analysis chapter of J M Hurst's book, Profit Magic )
Background: A band-pass filter or bandpass filter is a device that passes frequencies within a certain range and rejects (attenuates) frequencies outside that range. Bandpass filters are widely used in wireless transmitters and receivers. Well-designed bandpass filters (having the optimum bandwidth) maximize the number of signal transmitters that can exist in a system while minimizing the interference or competition among signals. Outside of electronics and signal processing, other examples of the use of bandpass filters include atmospheric sciences, neuroscience, astronomy, economics, and finance.
About the indicator: This indicator will accept float/decimal length inputs to display a spectrum of 11 bandpass filters. The trader can select a single bandpass for analysis that includes future high/low predictions. The trader can also select which bandpasses contribute to a composite model of expected price action.
10 Statements to describe the 5 elements of Hurst's price-motion model:
Random events account for only 2% of the price change of the overall market and of individual issues.
National and world historical events influence the market to a negligible degree.
Foreseeable fundamental events account for about 75% of all price motion. The effect is smooth and slow changing.
Unforeseeable fundamental events influence price motion. They occur relatively seldom, but the effect can be large and must be guarded against.
Approximately 23% of all price motion is cyclic in nature and semi-predictable (basis of the "cyclic model").
Cyclicality in price motion consists of the sum of a number of (non-ideal) periodic cyclic "waves" or "fluctuations" (summation principle).
Summed cyclicality is a common factor among all stocks (commonality principle).
Cyclic component magnitude and duration fluctuate slowly with the passage of time. In the course of such fluctuations, the greater the magnitude, the longer the duration and vice-versa (variation principle).
Principle of nominality: an element of commonality from which variation is expected.
The greater the nominal duration of a cyclic component, the larger the nominal magnitude (principle of proportionality).
Shoutouts & Credits for all the raw code, helpful information, ideas & collaboration, conversations together, introductions, indicator feedback, and genuine/selfless help:
🏆 @TerryPascoe
🏅 DavidF at Sigma-L, and @HPotter
👏 @Saviolis, parisboy, and @upslidedown
dmn's ICT AMD-Goldbach█ OVERVIEW
This script is built on ICT time & price theory and the theory of algorithmic market maker models, and visualizes the intraday divided using powers of three into accumulation, manipulation and distribution cycles.
It also includes an automatically calculated and plotted Goldbach level (a.k.a. IPDA level or Huddleston level) overlay, to help visualize where in the current market maker profile price is in relation to the AMD cycles, and where it might trade to.
█ CONCEPTS
Accumulation, Manipulation, Distribution Cycles
A 24 hour day, with the default set to start at 20:00 CET (the start of the Forex CLS Settlement operational timeline) is split in three parts - 9, 6 and 9 hours for the three cycles (roughly corresponding with Asia, London Open and New York + London Close sessions).
Since charts are fractals, there's also intra-cycle time fibs available in the script, to highlight the smaller fractal equivalents in each cycle.
These cycles are used to visualize the three phases (AMD) for easier identification of the current daily profile by analyzing during what cycle highs and lows of the day are made.
An example of a bullish day could be price rallying before making a low during the accumulation cycle, being manipulated higher and retracing to form an optimal trade entry during the manipulation cycle, expanding and creating the high of the day before selling off during the distribution cycle, with a potential reversal before it ends.
Goldbach levels
The Goldbach levels are based on the size of a price range (or price swing, if you will) expressed as a factor of power of three (3^n).
To decide what number to tell the script to use for the calculation, we look at what 3^n number best fits an average swing on the preferred timeframe we're trading.
For example; PO3 27 (3^3)might be fit for scalping, while PO3 243 (3^5) may correspond to the daily or weekly range, depending on the asset.
The script then calculates a range high and a range low using a power of three formula based on the current price and divides it into levels using Goldbach numbers.
At these levels one might expect to see price form various "blocks" as defined in concept by Michael J. Huddleston.
The blocks that correspond to the Goldbach levels are labeled with abbreviations as follows:
Ext = External range
Low = Range low
High = Range high
FVG = Fair value gap
RB = Rejection block
OB = Order block
LV = Liquidity void
BR = Breaker
MB = Mitigation block
Using these levels and said blocks we identify where in the current running market maker profile price is offered, and trade the preferred timeframe in line with the AMD cycles accordingly.
█ FEATURES
Custom AMD time cycles session times.
Custom time fib for fractal cycles.
Color and style customization.
Show only current or also historical cycles.
Equilibrium mode for Goldbach levels (show only high/low and midpoint)
Autodetection of asset type, with manual override.
█ NOTE
The default timings for the AMD cycles are set up for Forex pairs. For other asset types, such as indices, other timings are nessecary for optimal results.
Goldbach levels requires the correct symbol type setting for the calculation to work properly. Disable the script's autodetection and enable/disable the Forex option according to the type of chart if it fails.
Market Sessions - By LeviathanA simple indicator to help you keep track of 4 market sessions (default: Tokyo, London, New York, Sydney) in 4 different visual forms (boxes, timeline, zones, colored candles) with many other useful tools.
You can choose between 4 different market sessions. The default ones are Tokyo, London, New York and Sydney but you can easily customize the times, names and colors to make the script plot any session you need. Sessions can be viewed in 4 different ways: boxes, zones, timelines, or just colored candles, all with customizable appearances. You can make your chart cleaner by merging sessions overlaps, choosing a custom lookback period and also picking between various additional settings such as viewing session High/Low or Open/Close change in % or pips, hiding weekends, viewing the Open/Close Line to identify session’s direction and 0.5 level to see session’s “Equilibrium” and much more. More updates with interesting tools will be added in the future.
Note: The script will plot the correct default Tokyo, London, New York and Sydney sessions automatically, your chart/Tradingview app timezone does not matter! If you wish to tweak the open/close times of sessions, just make sure you input them in UTC (but even this can be changed later in the settings)
Settings Overview
SESSIONS
- You can show/hide Tokyo Session, rename it, change the color and set up start/end time.
- You can show/hide London Session, rename it, change the color and set up start/end time.
- You can show/hide New York Session, rename it, change the color and set up start/end time.
- You can show/hide Sydney Session, rename it, change the color and set up start/end time.
* Keep in mind that you can fully change and customize these sessions and therefore create any other sessions or a zone you wish to display.
ADDITIONAL TOOLS AND SETTINGS
1. “Change (Pips)” - this will add the pip distance between Session High and Session Low or the pip distance between Session Open and Session Close to the session label.
2. “Change (%)” - this will add the percentage distance between Session High and Session Low or the percentage distance between Session Open and Session Close to the session label.
3. “Merge Overlaps” - this will merge the overlapping sessions and show only one at a time (end of Tokyo is moved to start of London, the end of London is moved to the start of New York, end of New York is moved to start of Sydney and end of Sydney is moved to start of Tokyo).
4. “Hide Weekends” - this will prevent the script from plotting sessions over the weekend when the markets are closed.
5. “Open/Close Line” - this will draw a line from the session open to the session close (or current price, if session is ongoing).
6. “Session 0.5 Level” - this will draw a horizontal line halfway between the session’s high and the session’s low.
7. “Color Candles” - this will color the bars/candlesticks with the color of the session in which they occurred.
8. Display Type” - Choose between three different ways of session visualization (Boxes, Zones and Candles).
9. “Lookback (Days)” - this input tells the script to only draw sessions for X days back (1 = one day).
10. “Change (%/Pips) Source) - this is where you choose the source of “Change (Pips)” and ”Change (%) ” labels. Picking “Session High/Low” will show you the change between Session High and Session Low and picking “Session Open/Close” will show you the change between Session Open and Session Close.
11. “Input Timezone” - this defines the timezone of the session start/end inputs (you don’t have to change this unless you know what you’re doing)
Make sure to read future update logs to keep track of the most recent additions and settings of this script.
Box generation code inspired by Jos(TradingCode), session box visuals inspired by @boitoki's FX Market Sessions
DEVIATION OF THE STOCHASTIC INDICATORThis new technical indicator uses the stochastic oscillator as its base and calculates the deviation of its moving average, generating an alternative view of market volatility.
Balance of Force Day of the Week (BOFDW)The script is a custom technical indicator for TradingView that is based on an analysis of the price movements of a financial instrument over the course of a week. The indicator uses a variety of inputs, including the open and close prices for each day of the week, to determine the "BOF" (BOF) for each day.
The BOF is calculated based on the relative magnitude of bullish and bearish price movements and is then used to determine the average BOF over a moving window of data points. This average BOF is displayed on the chart as an overlay, providing a measure of the average bullishness or bearishness of the financial instrument over the course of a week.
The indicator also allows users to specify the location of the overlay on the chart and to customize the appearance of the overlay with options for text and box colors. The script provides a number of built-in options for chart position, including the top-left, top-middle, top-right, middle-left, middle-center, middle-right, bottom-left, bottom-middle, and bottom-right corners of the chart.
Overall, this custom technical indicator is a useful tool for traders and investors who are looking to gain a deeper understanding of the price trends of a financial instrument over the course of a week. By providing a clear and concise measure of the average POF over time, the indicator can help users identify key patterns in the market and make more informed trading decisions.
PriceCatch MDCPLevelsv1Hi TV Community!
I am sharing a script that is aimed at swing/positional traders who only take long positions.
This script helps you to get a view of price drops in percentage points from a recent major high an instrument has made. The high is captured using Modified Donchain Channel Calculation. When an instrument is going down, traders are always interested to know how much it has dropped in percentage terms and this script helps in addressing this requirement.
With this script, simply by looking at an instrument on the chart, you can tell how far down it is from its recent major high. So, if a fundamentally strong instrument has dropped 30% due to market dynamics, that might be a level for you to consider a buying opportunity.
SAMPLE CHARTS
User Configuration
Period
Set the Period (historical bars) for the script to find a major high. Intermediate highs that the instrument makes are ignored so as to give a longer duration price action range.
Drop percentages
Enter 5 levels of drop percentages as per your trading style / choice. Generally, the default setting of 10, 20, 30, 40, 50 are good with most instruments.
Locking Profits & Exiting positions
A difficult aspect of trading is locking profits and exiting positions when your trade is in profits. Most traders are reluctant to close their positions due to greed and hope or prematurely close them due to fear. In both cases the decision is based on emotion rather than on systematic rules. It is worth remembering that exits are equally important as entries.
PriceCatch MDCP Levels script also addresses this problem faced by traders and does so in a unique way. Specifically as many traders usually like to compare returns with other forms of investment such as Bank Fixed Deposit interest rates, this script helps you to enter current Fixed Deposit Interest Rate and then plots those levels also on the chart. So, when a trader takes an entry at the 30% drop level, the profit levels plotted on the chart helps the trader set proper targets to close the trade. For example, if you have entered 6.75 as FD rate, then the script will plot 6.75% gain level over 30% level to give you visual clue which serves to help you set your targets immediately after your buy trade has executed.
NOTE: If you wish to close a trade when price reaches 5% above buy price, you can enter 5 in the Current Bank FD Rate field. The idea of FD Rate is to give you satisfaction that the trade gave you profits equalling FD Rate for which you would have to normally wait 365 days if you had opened an FD instead of taking the trade.
Style Tab
From the style tab you can hide some levels that you do not wish to be shown on the chart.
Visibility
From the Visibility tab you can control on which time-frames only, this script displays the levels.
Advantages
For positional traders who trade only on fundamentally strong stocks, this script should be of use due to the way it helps you see price action and also enable you to take trades at potentially good levels.
NOTE:
As with any other indicator, please satisfy yourself thoroughly that it works for you before you decide to deploy PriceCatch MDCP Levels on your chart. The script is shared without any warranties that it will be of use to you. As a trader you are aware that trading is more about the trader than any strategy; trading involves financial risk and that you are solely responsible for your actions. If you agree to the above, please feel free to use PriceCatch MDCP Levels.
QUERIES / COMMENTS
Please feel free to reach out to me with any queries or comments. All the best with your trading.
Regards
PriceCatch
Simple Zigzag UDT█ OVERVIEW
This indicator displays zigzag based on high and low, which is using user-defined types (UDT) or objects .
█ CREDITS
LonesomeTheBlue
█ FEATURES
1. Label can be resized.
2. Label can be display either short (Eg : HH, LL, H, L, etc) and long (Eg : Higher Low, etc)
3. Color can be customized either contrast color of chart background, trend color or customized color.
█ EXAMPLES / USAGES
Moon Phases + Daily, Weekly, Monthly, Quarterly & Yearly Breaks█ Moon Phases
From LuxAlgo description.
Trading moon phases has become quite popular among traders, believing that there exists a relationship between moon phases and market movements.
This strategy is based on an estimate of moon phases with the possibility to use different methods to determine long/short positions based on moon phases.
Note that we assume moon phases are perfectly periodic with a cycle of 29.530588853 days (which is not realistically the case), as such there exists a difference between the detected moon phases by the strategy and the ones you would see. This difference becomes less important when using higher timeframes.
█ Daily, Weekly, Monthly, Quarterly & Yearly Breaks
This indicator marks the start of the selected periods with a vertical line that help with identifying cycles.
It allows to enable or disable independently the daily, weekly, monthly, quarterly and yearly session breaks.
This script is based on LuxAlgo and kaushi / icostan scripts.
Moon Phases Strategy
Year/Quarter/Month/Week/Day breaks
Month/week breaks
Stan Weinstein Trend IndicatorThis indicator is a trend indicator for trading charts based on the method of Stan Weinstein. It uses various technical methods to identify four trend phases on an asset: consolidation, advancement, plateauing, and decline. Users can customize the indicator by modifying parameters such as the periods for various calculations, such as the exponential moving average (EMA), the relative strength index (RSI), and support and resistance levels. The results of these calculations are then used to determine if an asset is in a phase of consolidation, advancement, plateauing, or decline.
The results are displayed as markers on the chart, with the following colors:
White: Consolidation
Green: Advancement
Blue: Plateauing
Red: Decline
According to the method of Stan Weinstein, it is recommended to buy an asset during an advancement phase and sell it during a plateauing phase. Similarly, it is recommended to sell an asset during a decline phase and cut this sale when the consolidation phase starts. It is important to note that this indicator is for informational purposes only and should not be used as investment advice. It is important to conduct fundamental and technical analysis before making an investment decision. It is also recommended to combine this analysis with other methods for optimal results and to consider the risks associated with any investment.
All default parameters of this indicator have been carefully chosen to provide the best possible results, however, it is possible to modify them according to personal preferences. It is important to note that modifying certain parameters may make the indicator less relevant and it is therefore recommended not to deviate too much from default values, unless you have a good understanding of the Stan Weinstein method and the technical indicators used.
It is important to note that this indicator is optimized for 1-week charts. It can be used to look at charts at other timeframes but calculations will always be based on weekly data.
Also, it is noteworthy that this indicator is optimized for cryptocurrencies, except Bitcoin, as it is used to calculate the relative strength of a token. However, you can choose the asset or index you want in the menu to calculate the relative strength. Furthermore, all the default settings are carefully chosen, but users are free to modify them, but doing so may result in less relevant results.
Triangulation : Statistically Approved ReversalsA lot of calculation, but a simple and effective result displayed on the chart.
It automatically identifies a very favorable period for a price reversal, by analyzing the daily and intraday price action statistics from the maximum of the most recent bars from the historical data. No repainting. Alerts can be set.
The statistical study is done in real time for each instrument. The probabilities therefore vary over time and adapt to the latest information collected by the indicator.
The time range of the data study can be changed by simply changing the UT :
- 30m = 3.5 last months feed statistics
- 15m = 52 last days feed statistics
- 5m = 17 last days feed statistics (recommanded)
HOW TO USE
This indicator informs when we are in a time period strongly favorable to reversal.
==> Crossing probabilities of different kinds, in price and in time => Triangulation of top and bottom !
HOW It WORK :
fractal statistics on high and low formation.
hour's probabilities of making the high/low of the day are crossed with day's probabilities of making the high/low of the week.
First for the day, we study:
- value of the probability compared to the average probabilities
- value of the coefficient between the high probability and the low probability
which we then refine for the hour, with the same calculation.
Result: bright color for a day + hour with high probability, weak color if the probability is low but remains the only possible bias. Between these two possibilities, intermediate colors are possible - just like looking for shorts if the day is bullish, if it is a high probability hour!
This color is displayed in the background, only if we are forming the high of the day for tops, and the low of the day for bottoms - detected with a stochastic.
All probabilities are studied in real time for the current asset.
We will call this signal "killstats", for "killzones statistics"
fractal statistics on the probability of closure under specific predefined levels according to 36 cycles.
the probabilities of several cycles are studied, for example:
NY session versus London and Asian sessions, London session compared to its opening, NY session compared to its opening, "algorithmic cycles" ( 1h30), Opening of NY compared to its intersection with London..
Each cycle producing a probability of closing with respect to the opening price of each period. The periods are : (Etc/UTC)
15-18h / 15-16h / 9-13h / 14-17h / 18-22h / 10-12h / 9-10h30 / 10h30-12h / 12-13h30 / 13h30-15h / 15h-16h30 / 16h30-18h
The cycles can be superimposed, which allows to support or attenuate a signal for the key periods of the day: 9am-12pm, and 3pm-6pm. The period of the day covered by the study of cycles is 9h-22h.
Result : ==> a straight line with a half bell. Colors = almost transparent for 53% probability (low), and very intense for a high probability (75%). The line displayed corresponds to the opening price, which we are supposed to close within the time limit - before the end of the period, where the line stops.
If the price goes in the opposite direction to the one predicted by the statistics, then a background connects the price to the close level to be respected.
if direction and close is respected, nothing is displayed : there is no opportunity, no divergence between statistics and actual price moves.
By unchecking the "light mode", you can see each close level displayed on the chart, with the corresponding probability and the number of times the cycle was detected. The color varies from intense for a high probability (75%), to light for a low probability (53%)
We will call this signal "cyclic anomalies"
By default, as shown in the indicator presentation image, the "intersection only" option is checked: only the intersection between 1) killstats and 2) cyclic anomalies is displayed. (filter +-30% of killstats signals)
MORE INFORMATIONS
/!\ : during a backtest, it is necessary to refresh the studied data to benefit from the real time signals, and for that you have to use the replay mode. if "Backtesting informations?"is checked, labels are displayed on the graph to warn of the % distortion of the signals. I recommend using the replay mode every 250 candles, and every 1000 candles for premium accounts, to have real signals.
- Alerts can be set for killzone, or intersections ( As in presentation picture)
- The ideal use is in m5. It can trigger several times a day, sometimes in opposite directions, and sometimes not trigger for several days.
- Premium account have 20k candles data, and not 5k => signals may vary depending on your tradingview subscription.
Fair Value Gap Oscillator (Expo)█ Overview
The Fair Value Gap Oscillator (Expo) is an indicator based on the concept of Fair Value Gaps. It is a momentum indicator that helps traders identify mispricings in the market over time. The indicator also incorporates volume and volatility to increase its accuracy further. The indicator can be used in both trending and range-bound markets.
FVG occurs when there is an insufficient amount of buyers and sellers in the market for a particular asset. This can cause a sudden and large gap in the asset price, creating an imbalance in the price. This gap can be large enough to prevent traders from entering the market to take advantage of the price discrepancy. This, in turn, leads to a lack of liquidity and further price volatility.
█ How is the Fair Value Gap Oscialltor calculated?
The Fair Value Gap Oscillator is calculated by using historical Fair Value Gapa, volume, and volatility to determine if the market is trading at a discount or premium relative to its historical fair value. It is based on the idea that prices move in fair value cycles and that by looking at the oscillations of FVG data over time, traders can get a deeper insight into how imbalances impact the price over time.
█ Oscillator Trading
Oscillators are technical indicators that are used to measure momentum within a given market. These indicators measure the speed and magnitude of price movements. Traders use oscillators to identify potential entry and exit points in the market. They may look for overbought and oversold conditions, or they may look for divergence between the price of an asset and its oscillator. When these signals are identified, traders can then enter or exit positions accordingly.
█ How to use
It is a momentum indicator that helps traders identify mispricings in the market over time. In addition, the FVG Oscialltor can be used to identify overbought and oversold conditions in the market, as well as trends and leading trend changes.
Trending Indicator
The Fair Value Gap Oscillator can also be used to identify trends in the market. By tracking the FVG over time, investors can identify whether the market is trending up or down.
Leading Indicator
This indicator can be used to identify leading changes in the market’s momentum and price action. It will indicate beforehand when the momentum decreases and a potential trend change is about to come.
Divergences
Leading Indicators are great for identifying divergences. This Fair Value Gap Oscillator is a powerful yet simple tool to spot divergences in the market.
It is important to remember that the Fair Value Gap Oscillator is just one tool in your investment toolbox. It should be used in conjunction with other smart money concept indicators to identify excellent trading opportunities.
█ Indicator Features
Trend FVG
A Trend FVG feature is added to help Trend Traders get a long-term overview of the FVG trend. This feature can be used for the leading FVG calculation to get a predictive FVG trend.
Leading FVG Calculation
The leading calculation makes the Fair Value Gap oscillator sensitive to fair value changes and becomes more leading.
Trend Line
The Trend line feature is a combination of the leading and the long-term trend that can be used as trend confirmation.
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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, backtest, 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!
USD Liquidity IndexThis USD Liquidity Index composed of 2 parts, total assets and major liabilities of the Federal Reserve .
There is a certain positive correlation between USD liquidity and risk asset price changes in history.
Suggested that USD Liquidity is mostly determined by the Federal Reserve balance (without leveraged), this index deducts three major liabilities from the total assets (in green color line) of the Federal Reserve . They are the currency in circulation (WCURCIR) in gold color, the Treasury General Account (WTREGEN) in blue color, the Reverse Repo (RRPONTSYD) in red color.
The grey line is the calculation result of the USD Liquidity Index. With it goes up, liquidity increases, vice versa.
Color Agreement Aggregate (CAA)This indicator helps finding patterns within market structure in a highly intuitive manner.
It does this by painting a picture instead of presenting numerical values.
It greatly reduces noise in trend/structure analysis.
----- HOW TO USE IT -----
1) Zoom out of chart to get a clearer picture of overall color patterns.
2) Consider areas of intense reds and greens as areas of interest.
3) There is always a pattern of intense reds followed by intense greens. Consider this pattern as the start of a new cycle.
4) Key spikes and dips are shown when all 3 bands are matching of intense colors.
5) Turn on Precision in the Style tab to get more information on decisive spikes in price (See "Precision" below).
Reach (top band):
This is the fast and more volatile movement of the market. It shows the direction in which the recent price action is reaching towards.
Energy (middle band):
This is the medium speed of market movement. It shows the energy of the Reach and how influential it is to market change.
Frequent and intense change of color in this band can be a precursor of change within the Basis.
Basis (bottom band):
This is the slower, broader movement of the market. It is the basis on which the Reach and Energy sit on.
Intense colors in this band show major changes in price levels and market structure.
Precision:
Precision shows the weaker levels of colors. It does this by making bars in a band half its size.
For example, if there is a light green bar that is half, it means that the current bar is on the weaker level of the light green level.
Precision helps in identifying where there are influential moves in price action. Note, there will never be a half-sized bar in the highest and lowest levels.
This is because these levels are the limits and don't have a weaker half.
See notes in chart for more information. Note, you can turn off the labels in the Style tab.
----- HOW THIS INDICATOR IS ORIGINAL; WHAT IT DOES AND HOW IT DOES IT -----
This indicator has an original, unique ability to paint the overall market structure in a highly intuitive manner. It "paints" an image instead of showing numbers.
It does this by color-coding different levels of varying speeds of market movement. It then presents these levels as simple bars.
Finally, it stacks them all and creates an overall image of clear breaks and/or repeats within market structure.
This greatly reduces noise in pattern finding, finding breaks in market structure, and in confirming repeated patterns.
----- VERSION -----
The only significant information from this indicator are the colors themselves and the patterns, agreement, and aggregate of the colors.
This indicator does not provide any numerical information of the underlying, mathematical calculations.
The levels for the Reach are made by the KPAM; for the Energy, the CCI; and for the Basis, the RSI.
However, this indicator is not a variant, replacement, or presentation of the KPAM, CCI, or the RSI in any way, shape, or form -- this indicator does not present itself as such.
The 3 indicators are only useful to this indicator in as much as they are what the colors are derived from -- nothing more.
They are needed in order to obtain, visualize, and create the overall aggregate and agreement of colors.
Thus, the KPAM, CCI, and RSI cannot be adjust nor are they plotted. They are not, in any way, a focus of this indicator.
ORB Inner Planet Ingress/Retrograde 2020-22(G-Tropical)In astrology, "planetary ingress" refers to the moment a planet enters a new astrological sign or house.
These planetary ingress brings in directional change in scripts.
This scripts also plots Retrograde Planets which also changes trends of stocks on most occasions.
This scripts will work for the period 2020 to 2022.
ORB Aspect-Nodes 2020-22(G-T)In astrology, the Moon's Node refers to the two points where the Moon's orbit intersects the ecliptic (the plane of the Earth's orbit around the Sun). The North Node, or Rahu, is the ascending point of the Moon's orbit whle the South Node, or Ketu, is the descending point of the Moon's orbit.
Whenever a planet hits these Nodes, extreme volatility is seen in stocks and temporary tops and bottoms are observed.
This indicator plots these periods and also shows upcoming dates if it falls in the next 7 days.
This indicator is for the period 2020-22.
ORB Aspect-Nodes 2023-25(G-T)In astrology, the Moon's Node refers to the two points where the Moon's orbit intersects the ecliptic (the plane of the Earth's orbit around the Sun). The North Node, or Rahu, is the ascending point of the Moon's orbit whle the South Node, or Ketu, is the descending point of the Moon's orbit.
Whenever a planet hits these Nodes, extreme volatility is seen in stocks and temporary tops and bottoms are observed.
This indicator plots these periods and also shows upcoming dates if it falls in the next 7 days.
This indicator is for the period 2023-25.
Hurst Diamond Notation PivotsThis is a fairly simple indicator for diamond notation of past hi/lo pivot points, a common method in Hurst analysis. The diamonds mark the troughs/peaks of each cycle. They are offset by their lookback and thus will not 'paint' until after they happen so anticipate accordingly. Practically, traders can use the average length of past pivot periods to forecast future pivot periods in time🔮. For example, if the average/dominant number of bars in an 80-bar pivot point period/cycle is 76, then a trader might forecast that the next pivot could occur 76-ish bars after the last confirmed pivot. The numbers/labels on the y-axis display the cycle length used for pivot detection. This indicator doesn't repaint, but it has a lot of lag; Please use it for forecasting instead of entry signals. This indicator scans for new pivots in the form of a rainbow line and circle; once the hi/lo has happened and the lookback has passed then the pivot will be plotted. The rainbow color per wavelength theme seems to be authentic to Hurst (or modern Hurst software) and has been included as a default.
BTC Net Volume (Spot) (by JaggedSoft, fixed by SLN)• WHAT:
This indicator plots the aggregated net volume delta of BTC spot pairs from 8 exchanges over the last 60 periods (default settings).
Tracks the following pairs:
"BINANCE:BTCUSDT"
"BITFINEX:BTCUSD"
"POLONIEX:BTCUSDT"
"BITTREX:BTCUSDT"
"COINBASE:BTCUSD"
"BITSTAMP:BTCUSD"
"KRAKEN:XBTUSD"
"BITGET:BTCUSDT"
"GEMINI:BTCUSD"
• HOW TO USE:
Used for confirmation when watching futures that can experience quick movements in the form of liquidation-events. If the oscillator is green or trending upward, it's confirming a positive bias. The inverse is true for a negative bias. This is especially true on higher timeframes.
Can also be used to find correlations between different tech-assets.
• NOTES:
I forked JaggedSofts indicator to fix the data-source error it was having. Let me know if you want to customize exchanges or add more pairs, maybe I can add that in the future!
This indicator replaces the outdated alternative linked here : Please only use this one
• LIMITATIONS:
Only tested with normal japanese candlesticks .
• THANKS:
to the creator of this script, JaggedSoft. It's a great indicator!
• DISCLAIMER:
Not financial Advice, use at your own risk.
DR/IDR of Omega by TRSTNThis is an EXPERIMENTAL Script by @TRSTNGLRD derived from the coding of @IAmMas7er's "DR/IDR" Indicator that adds a total of 11 additional DR / IDR Ranges on both lower and higher timeframes.
This script is no-longer being worked on, so I have made it public.
Background:
This Script utilizes the Fibonacci-Doubling Sequence between the range of 18:30pm and 16:55pm NY-Time. Each Cycle is grouped into the following:
Omega/2, Omega/4, Omega/8, and Omega/16
The Mas7er's three original sessions are: Omega/4v1, Omega/4v2, and Omega/8v1
These three Sessions above take rule over all others. If you are looking to back-test this version of the script, please use the Experimental ranges as confirmation for the three above.
Important Notes:
- Please only select Sessions with their respected groups (All of Omega/4, All of Omega/16, etc...) rather than selecting all of them at once.
If you select all of them at once, the ranges will not be correct and cut each other off.
The only exceptions to this rule are the Mas7er's original ranges above.
- If you wish to have multiple groups of Ranges together, please add a second indicator to your chart.
- Omega/16v1 and Omega/16v6 are known to have a high-probability of a Judas Swing (takes out both sides of the range) - Be Cautious!
- Omega/2v1 is a very large DR / IDR range. I am working on shrinking it in size, but have more experimenting to do with different ranges.
- I do not use the experimental ranges with the IDR , only the DR . I have not been able to define probabilities fully yet, but the levels are respected nonetheless.
This script is not supposed to work EXACTLY like the Mas7er's, rather, generally instead.
Please comment and leave your opinion below about which ranges work the best and how you may utilize them.
Thank you!
Dominant Direction (DD)The Dominant Direction indicator is a custom technical analysis tool that uses the Dominant Cycle Estimators library to identify the dominant trend direction in the market. The indicator utilizes the MAMA Cycle function, which is a part of the library, to calculate the period of the data. The resulting period is then used to plot lines on the chart that represent the dominant trend direction.
The indicator takes two inputs, the source of data, and the high and low values of the source. The MAMA Cycle function is used to calculate the period of the data, with the lower bound and upper bound of the dynamic length defined by the user. The indicator then plots lines on the chart to represent the dominant trend direction. The lines are plotted from the current bar to the bar that is a certain number of periods away, as defined by the MAMA Cycle function, in the direction of the trend.
The indicator also has a feature of removing the lines when the trend is no longer confirmed. If the bar state is confirmed, the line is deleted and this helps the user to have a clearer view of the chart.
In summary, the Dominant Direction indicator is a powerful tool for identifying the dominant trend direction in the market. It uses the MAMA Cycle function to calculate the period of the data and plots lines on the chart to represent the dominant trend direction. This can help traders identify potential entry and exit points, and make more informed trading decisions.
