FED net liquidity [Orderflow]This indicator show the net liquidity of the FED.
Net Liquidity = FED balance sheet (total asset) - Treasury General Account - Reverse Repo
Net liquidity and Net liquidity changes are shown on wednesday. Total asset and TGA report are on weekly basis, thus a daily basis would be inacurate.
it is possible to add this indicator twice and move one of them in another graphic below and show the change. It gives a clear view of the liquidity.
Net
NET on Variety Moving Averages [Loxx]NET (Noise Elimination Technology) on Variety Moving Averages is a moving average indicator that applies John Ehlers' NET (Noise Elimination Technology) to your choice of 36 different moving averages.
█ What is NET (Noise Elimination Technology)?
Noise Elimination Technology (NET) is a method introduced by John Ehlers to enhance the clarity of technical indicators by removing noise without resorting to filtering. Here's a more detailed explanation:
Purpose of Technical Indicators: Technical indicators aim to provide insights into market inefficiencies, assisting traders in making informed decisions. However, many indicators are inherently noisy due to their reliance on a limited amount of data.
Traditional Noise Removal: Noise in indicators is typically removed using smoothing filters. While these filters can reduce noise, they introduce lag, leading to potentially delayed trading decisions which can be costly.
NET's Approach: NET offers a solution to this problem by using the nonlinearity of a rank-ordered Kendall correlation. Instead of filtering, NET clarifies indicators by focusing on their main direction and stripping out noise components.
Kendall Correlation: This is a statistical method that compares the ranked order of two sets of random variables. These pairs of ranked variables can be either concordant or discordant. In the context of NET:
The "y" variable represents a straight line with a positive slope.
The "x" variable is the output of the technical indicator.
When applied, the Kendall correlation in this configuration removes noise components that don't align with the primary direction of the indicator.
NET's Mechanism:
The "y" variable (a straight line with a positive slope) and the "x" variable (indicator output) are used in the Kendall correlation.
This correlation essentially removes noise components not aligned with the main direction of the indicator in a nonlinear manner.
The effectiveness of NET lies in its ability to reduce noise without introducing lag.
Flexibility: NET is designed to be versatile and can be applied to various technical indicators. It doesn't necessarily replace traditional smoothing filters but can complement them to provide a clearer visual representation of the indicator's behavior.
In essence, NET offers a novel approach to refining technical indicators by removing noise using the principles of Kendall correlation, without the drawbacks associated with traditional smoothing filters.
█ Moving Average Types
ADXvma - Average Directional Volatility Moving Average
Ahrens Moving Average
Alexander Moving Average - ALXMA
Double Exponential Moving Average - DEMA
Double Smoothed Exponential Moving Average - DSEMA
Exponential Moving Average - EMA
Fast Exponential Moving Average - FEMA
Fractal Adaptive Moving Average - FRAMA
Hull Moving Average - HMA
IE/2 - Early T3 by Tim Tilson
Integral of Linear Regression Slope - ILRS
Instantaneous Trendline
Laguerre Filter
Leader Exponential Moving Average
Linear Regression Value - LSMA (Least Squares Moving Average)
Linear Weighted Moving Average - LWMA
McGinley Dynamic
McNicholl EMA
Non-Lag Moving Average
Parabolic Weighted Moving Average
Recursive Moving Trendline
Simple Moving Average - SMA
Sine Weighted Moving Average
Smoothed Moving Average - SMMA
Smoother
Super Smoother
Three-pole Ehlers Butterworth
Three-pole Ehlers Smoother
Triangular Moving Average - TMA
Triple Exponential Moving Average - TEMA
Two-pole Ehlers Butterworth
Two-pole Ehlers smoother
Volume Weighted EMA - VEMA
Zero-Lag DEMA - Zero Lag Double Exponential Moving Average
Zero-Lag Moving Average
Zero Lag TEMA - Zero Lag Triple Exponential Moving Average
█ Included
Bar coloring
Alerts
Channels fill
Loxx's Expanded Source Types
█ Libraries included
loxxmas - moving averages used in Loxx's indis & strats
loxxexpandedsourcetypes
[TTI] Fed Net Liquidity Indicator📜 ––––HISTORY & CREDITS
The Fed Net Liquidity Indicator is a tool developed after reading Max Anderson's twitter thread. This indicator is based on the calculation of the Fed's balance sheet, the Treasury General checking account, and what banks are parking at the overnight repo window at the Fed. The net of these three components gives us the net liquidity available to the markets, which is considered the fuel behind market moves.
🎯 ––––WHAT IT DOES
The Fed Net Liquidity Indicator provides a visual representation of the net liquidity levels in the market. It plots the SPX along with blue shading that represents the net liquidity levels. It also includes risk on/risk off signals and a fair value line that measures whether the market is overbought or oversold compared to the net liquidity readings.
The indicator also includes two levels for overbought and oversold conditions. The "short/hedge" level indicates that the market is becoming overbought and it's time to reduce risk-on positions. The "euphoric" level indicates extreme overbought conditions and it's time to actively short the market or exit. On the other side, the "bounce" line indicates oversold conditions and a potential short-term pop, while the "capitulation" level indicates extreme oversold conditions and a potential for a significant bounce.
🛠️ ––––HOW TO USE IT
To use the Fed Net Liquidity Indicator, you first need to set it up on your chart. Once set up, you can use it to guide your trading decisions based on the net liquidity levels, risk on/risk off signals, and the fair value line.
👉Follow the net liquidity levels: The market generally follows the net liquidity. If the liquidity is increasing, the market tends to go up, and if the liquidity is decreasing, the market tends to go down.
👉Pay attention to risk on/risk off signals: These signals can help you understand the market environment and adjust your positions accordingly. A risk-on signal indicates a good time to expose yourself to the market and go long on risk assets like stocks and crypto. A risk-off signal indicates that it's time to exit the market, hedge your positions, or go short.
👉Use the fair value line: This line can help you determine whether the market is overbought or oversold compared to the net liquidity readings. If the market is rising steeply but the liquidity is not confirming that, it could indicate overbought conditions. Conversely, if the market is falling but the liquidity is not confirming that, it could indicate oversold conditions.
👉Consider the overbought and oversold levels: These levels can help you identify potential tops and bottoms in the market. If the market reaches the short/hedge level, it's time to reduce risk-on positions. If it reaches the euphoric level, it's time to actively short the market or exit. On the other side, if the market reaches the bounce line, it could indicate a potential short-term pop. If it reaches the capitulation level, it could indicate a potential for a significant bounce.
[WRx450] FED net liquidityThis indicator show the net liquidity of the FED.
Net Liquidity = FED balance sheet (total asset) - Treasury General Account - Reverse Repo
Net liquidity and Net liquidity changes are shown on wednesday. Total asset and TGA report are on weekly basis, thus a daily basis would be inacurate.
it is possible to add this indicator twice and move one of them in another graphic below and show the change. It gives a clear view of the liquidity.
[WRx450] FED net liquidityThis indicator show the net liquidity of the FED.
Net liquidity = Fed balance sheet (total asset) - Treasury General Account - Reverse Repo
All sources can be select otherwise in parameter.
It is possible to show only the weekly changes in Net liquidity.
Net liquidity and Net liquidity changes are shown only on wednesday because Total asset and TGA reports are updated only on Wednesday. (updating the Net liquidity on a daily basis would be inacurate)
Volume CVD and Open Interest HeatmapTaking Volume and Open Interest data to the next level of visualization I created a 'heatmap'. The indicator uses a colour gradient and plots boxes from the source candle to the current candle with one of the following data sources:
- Volume - the total volume of transactions, buys and sells
- Up Volume - the total volume from buys only
- Down Volume - the total volume from sells only
- Up/Down Volume (Net) - the difference in the Buy Volume and Sell Volume
- Cumulative Delta - the sum of the up/down volume for the previous 14 bars
- Cumulative Delta EMA - a smoothed average of the sum of the up/down volume for the previous 14 bars, over a 14 period EMA
- Open Interest - a user defined ticker, whose value is added to the plot, while this is designed to be used with Open Interest tickers, you can actually choose any ticker you want, perhaps you want to see DXY while charting Bitcoin!
You can define the lookback period, though you should make sure your timeframe for volume source data, is high enough to accommodate the lookback. TradingView will only fetch 5000 candles worth of data, so at 1 min volume data, you can only lookback 83 hours.
While similar, Volume and Open Interest are not the same. To me the simplest explanation is Volume shows the trades that have been executed and the buy/sell direction, while Open Interest shows the value of open trades that are yet to be completed.
Volume shows strength, sentiment and volatility .
Open Interest does not show direction, but does indicate momentum and liquidity in the market.
With this novel way of visualizing these, you can also now determine where all that liquidity and positions came from and therefore might have resting liquidity below.
Volume CVD and Open InterestVolume, Cumulative Delta Volume and Open Interest are great indications of strength and sentiment in the market. Until now they have required separate indicators, but this indicator can show them all.
With a clean and aesthetic plot, this indicator has the option to choose the data source:
- Volume - the total volume of transactions, buys and sells
- Up Volume - the total volume from buys only
- Down Volume - the total volume from sells only
- Up/Down Volume (Net) - the difference in the Buy Volume and Sell Volume
- Cumulative Delta - the sum of the up/down volume for the previous 14 bars
- Cumulative Delta EMA - a smoothed average of the sum of the up/down volume for the previous 14 bars, over a 14 period EMA
- Open Interest - a user defined ticker, whose value is added to the plot, while this is designed to be used with Open Interest tickers, you can actually choose any ticker you want, perhaps you want to see DXY while charting Bitcoin!
There are several customization features for the colour of the plot, with a nice gradient colouring from high to low. You can choose the lookback which defines only the highest and lowest values for the colour gradient. There is also an option for how the Open Interest value is determined, based on Close, Open or differences between previous values.
While similar, Volume and Open Interest are not the same. To me the simplest explanation is Volume shows the trades that have been executed and the buy/sell direction, while Open Interest shows the value of open trades that are yet to be completed.
Volume shows strength, sentiment and volatility.
Open Interest does not show direction, but does indicate momentum and liquidity in the market.
Fed Net Liquidity Indicator v2Updated script for jlb05013's original Fed Net Liquidity Indicator. TradingView was bringing in the FRED data in different units than they used to. This code fixes it.
This indicator aims to present a "Net Liquidity" indicator comprised of the Fed Balance sheet , less the TGA account and Overnight Reverse REPO agreements.
Net Liquidity = Fed Balance Sheet - ( TGA + Reverse REPO)
This is an overlay that can be added to stock or other charts (like SPY ) to see how the market may appear correlated to Net Liquidity - injection of liquidity into the markets.
This was hypothesized by Max Anderson, this is just a script realizing that posting.
New updates include a resolution feature, and an option to offset backwards by 2 days per original intent.
Net New Highs/Lows (With visible code)Basically the same script than Carusolnsights but without hidding the lines of code...
"This indicator displays the net number of stocks on the Nasdaq Composite making 52-week highs or lows. For instance, if there are 60 new 52-week highs and 20 new 52-week lows, the net number will display 40 net new 52 week highs. This indicator is particularty useful in gauging what the breadth is of the Nasdaq.
Three days of net 52-week highs show a healthy market which is conducive to increasing exposure. This condition is highlighted with a green background.
Three days of net 52-week lows show an unhealthy market which is conducive to reducing exposure. This condition is high|lighted with a red background."
[GTH] Net Profit Margin (%)Displays the Net Profit Margin in a more "readable" fashion than the built-in TV Indicator.
This indicator concludes the series of 'Minervini-indicators', consisting of "GTH Earnings", "GTH Revenues" and "GTH Net Profit Margin (%)".
Famous trader Mark Minervini repeately describes rising earnings, revenues and net profit margin as the most important financials for finding superperformers.
In case of reporting a malfunction: Please be specific. Statements like "does not work" are useless. Thanks.
Fed Net Liquidity IndicatorThis indicator aims to present a "Net Liquidity" indicator comprised of the Fed Balance sheet , less the TGA account and Overnight Reverse REPO agreements.
Net Liquidity = Fed Balance Sheet - ( TGA + Reverse REPO)
This is an overlay that can be added to stock or other charts (like SPY ) to see how the market may appear correlated to Net Liquidity - injection of liquidity into the markets.
This was hypothesized by Max Anderson, this is just a script realizing that posting.
New updates include a resolution feature, and an option to offset backwards by 2 days per original intent.
Kendall Rank Correlation NET on SMA [Loxx]Kendall Rank Correlation NET on SMA is an SMA that uses Kendall Rank Correlation to form a sort of noise elimination technology to smooth out trend shifts. You'll notice that the slope of the SMA line doesn't always match the color of the SMA line. This is behavior is expected and is the NET that removes noise from the SMA.
What is Kendall Rank Correlation?
Also commonly known as “Kendall’s tau coefficient”. Kendall’s Tau coefficient and Spearman’s rank correlation coefficient assess statistical associations based on the ranks of the data. Kendall rank correlation (non-parametric) is an alternative to Pearson’s correlation (parametric) when the data you’re working with has failed one or more assumptions of the test. This is also the best alternative to Spearman correlation (non-parametric) when your sample size is small and has many tied ranks.
Kendall rank correlation is used to test the similarities in the ordering of data when it is ranked by quantities. Other types of correlation coefficients use the observations as the basis of the correlation, Kendall’s correlation coefficient uses pairs of observations and determines the strength of association based on the patter on concordance and discordance between the pairs.
Concordant: Ordered in the same way (consistency). A pair of observations is considered concordant if (x2 — x1) and (y2 — y1) have the same sign.
Discordant: Ordered differently (inconsistency). A pair of observations is considered concordant if (x2 — x1) and (y2 — y1) have opposite signs.
Kendall’s Tau coefficient of correlation is usually smaller values than Spearman’s rho correlation. The calculations are based on concordant and discordant pairs. Insensitive to error. P values are more accurate with smaller sample sizes.
Included:
-Toggle on/off bar coloring
Net New Highs CrossoverA lot of traders have a hard time to get in and out of the market at the right time.
Net New Highs of stocks can guide you to increase or decrease your exposure based on the current market health.
They are calculated by subtracting the new highs of the new lows, based on all stocks of the NYSE, NASDAQ and AMEX.
+ A positive value shows that the market is doing good, since more stocks are making new highs compared to new lows.
- A negative value shows that the market is doing bad, since more stocks are making new lows compared to new highs.
Combined with a moving average you can see crossovers that can warn you early when there is a change in the current market health.
Features
■ You can select different Net New High indices or combine them (NYSE, NASDAQ and AMEX)
■ You can specify a moving average line ( SMA / EMA and length)
■ Use single color or two colors for the moving average line to better spot the crossovers
Hints
*New highs and new lows index values currently only get updated at the end of the day
*Only works on daily timeframe
Net Position - SpaceManBTCNet Position - SpaceManBTC
Provides traders with the positioning of existing participants.
Net Longs
Net Shorts
The indicator can be used to spot large positions occuring, e.g. large long positions, and how they can influence the market such as long positions opening towards a swing high can be seen, price moving away from said positions can lead to longs being squeezed when moving away.
The use can show when trend is strong, e.g. long positions opening in can be viewed as larger players getting involved in what is potentially an uptrend. The alternative use for playing against the market can be to consider opening longs when other long traders have been stopped out/short positions are opening freshly in the attempt to play to their liquidations.
Net Positions + SpaceManBTCNet Positions + SpaceManBTC
Includes 4 total features, for traders to help identify the positioning of participants.
Net Longs
Net Shorts
NL/NS
'CVD' Sessions
The indicator can be used to spot large positions occuring, e.g. large long positions, and how they can influence the market such as long positions opening towards a swing high can be seen, price moving away from said positions can lead to longs being squeezed when moving away.
Alternatively the diverging positions between Longs and Shorts can be useful,
This is bette represented in the 'CVD' replication feature.
The use of CVD can be done to show 3 things, Exhaustion, Absoprtion or strength.
Exhaustion and Absoprtion being shown with divergences.
Exhaustion in CVD is represented in, Higher highs in price but CVD produces a lower high (reverse for the opposite), this indicates a lack of participants in this case buyers which can signal a reversal.
Absorption in the case of CVD represented by, Higher highs in CVD but price produces a lower high, shows that aggressive buying and selling is being absorbed by the heavier hand in the market, limit orders. Likely reversion and has more weighting than exhuastion.
Strength can be represented with CVD following price e.g. an uptrend with higher highs and lows showing the same in CVD.
Dividend Yield & Dividend Growth Rate (Most Accurate)In this indicator it shows the dividend yield in green line and dividend growth rate in blue area.
Currently our dividend yield calculation is the most accurate in TradingView.
Dividend growth rate is the annualized percentage growth rate experienced by dividends of a given stock over 5 years period of time.
Many established companies have sought to regularly increase dividends paid to investors.
Net VolumeNet Volume, or NV in short, is a cumulative volume indicator similar to OBV and A/D. Though it might look similar to these two indicators (especially A/D), rest assured it's better and more accurate than both. What it basically does, is dividing the volume session into buyers and sellers volumes; then subtracts former from the latter and adds the result to previous session's net volume (In the script, these two intermediate volumes are not calculated and only the subtraction is formulated in an integrated form).
Another important difference between NV and A/D indicator, is that it brings price gaps into account. That's why it requires next session's open price to calculate current session's NV. What it actually mean is that the price gap, in either direction, is the result of the traders' efforts in respective direction in previous session, as if the current session closes where next session opens.
[blackcat] L2 Ehlers RSI with NETLevel: 2
Background
John F. Ehlers introuced RSI with Noise Elimination Technology (NET) in Dec, 2020.
Function
Many indicators produce more or less noisy output, resulting in false or delayed signals. Dr. Ehlers proposed “Noise Elimination Technology,” in Dec, 2020. He introduces using a Kendall correlation to reduce indicator noise and provide better clarification of the indicator direction. This approach attempts to reduce noise without using smoothing filters, which tend to introduce indicator lag and therefore, delayed decisions. With this script, I use his “MyRSI” indicator, which he introduced in his May 2018 article in S&C, by adding some Tradingview pine v4 code for the noise elimination technology. The indicator plots the MyRSI value as well as the value after applying NET to MyRSI. This de-noising technology uses the Kendall correlation of the indicator with a rising slope. Compared with a lowpass filter, this method does not delay the signals.
The technology appears to work well in this example for removing the noise. But note that the NET function is not meant as a replacement of a lowpass or smoothing filter; its output is always in the -1 to +1 range, so it can be used for de-noising oscillators, but not, for instance, to generate a smoothed version of the price curve.
Key Signal
NET --> Ehlers RSI with NET fast line
Trigger --> Ehlers RSI with NET slow line
Pros and Cons
100% John F. Ehlers definition translation, even variable names are the same. This help readers who would like to use pine to read his book.
Remarks
The 99th script for Blackcat1402 John F. Ehlers Week publication.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
NET MyRSIIn this script, I will convert the MyRSI function from John F. Ehlers mentions in the May 2018 issue of Stocks and Commodities. I will build on top of the idea and add a noise elimination Technique presented in the December 2020 issue of Stocks and Commodities.
My Rsi
Is an RSI alike version of the well-known RSI indicator where the output is range-bound between -1 and 1 values. The indicator accrues Closes up and Closes down and plots their ratio divided by their sum.
Noise Elimination Technique
As a noise elimination technique, we are using a slightly modified and simplified version of Kendall Correlation that allows us to use it on a single indicator. In general Kendall Correlation is used to measure an association between two sets of variables.
Conclusion
This publishing is solely for research purposes and should not be directly traded with. More detailed information can be found in those Two publications of Stocks and Commodities.
Indicator: Net Price Trend [xQT5]This is my original indicator - "Net Price Trend".I made a little personal research about how to analyzing price, and had main idea about view of net price (like net volume), when I'd created the oscillator.
Also, I added high and low border based on historical and typical price movement - you can change it on your opinion.
Trade rules are:
- when indicator is above "0" - it's bullish's zone
- when indicator is under "0" - it's bear's zone
- when indicator is under "-20" - it's attention zone for close sell's position
- when indicator is above "20" - it's attention zone for close buy's position
Enjoy it!
8-10 MAs Net chart ema/smatihs script can select SMA/EMA's Moving Average Net chart , anyone you want.
Basically this net chart supply 8 MAs and also you can use additionally 2 more Moving Averages.
