OBV where you can choose a specific timeframe. Also I duplicated it, so now it could be easier to draw trendlines if you pick dots and line. The main idea is to spot divergence between the price and OBV. Big buys or sells could be well camouflaged on the 4H 1D candles, but it's much harder to hide something on 1-5 min timeframes.
My goal was to create something akin to the Fear & Greed Index ( money.cnn.com ) that CNN and others do. A Fear/Greed Index can be used by any trader or investor but I believe it's best viewed with a contrarian's eye-- When the market appears to be signalling Extreme Fear, that is a good place to start buying from emotional players who want to sell no matter...
™TradeChartist Fib Master is a versatile Fibonacci Support and Resistance indicator that can be used to plot Automatic Levels and Fibonacci Levels based on a variety of ways from the settings, including Auto Fibs plot by connecting to an external...
Sweet little momentum gadget to track the VIX Index. What is the VIX? The CBOE S&P 500 Volatility Index (VIX) is known as the 'Fear Index' which can measure how worried traders are that the S&P 500 might suddenly drop within the next 30 days. When the VIX starts moving higher, it is telling you that traders are getting nervous. When the VIX starts moving lower,...
Yet another "Low - High" indicator using the new Pine Script Arrays. The indicator uses the latests Lows and Highs to plot a trend line and reversal/slowdown. More detailed explanation inside the script. Enjoy! Green - Up Trending Red - Down Trending White - Slow Down/Reversal might occur. Made for educational purposes of how to use Arrays, yet can be...
Divergence indicator for any asset and any time frame that shows bullish and bearish regular (dotted) and hidden (dashed) divergences. Simple to use, just add to your chart and select the size of divergences you want to see. Scalping? Use a lower number. Swing trading? Use a higher number. Set alerts on when divergences appear. Settings • Set the divergence...
Hello All, First all of Thanks to Pine Team for adding Arrays to Pine! In this script I tried to make example for 1. Finding S/R lines using highest/lowest function 2. Using 1D array as 2D (we keep S/R levels and age) 3. "Age" usage for S/R levels, getting older on each candle and changing colors by their age (maximum age is 127 then it disappears) You can use...
This script is for generating a simple s&p 500 market breadth diagram, which shows the percentage above 20 days average in sectors
The indicator uses colours to identify whether price has become extremely “overbought” or extremely “oversold”. Sigma is a measure of standard deviation, which is what this indicator uses. Usually when price moves 2 (or 3) standard deviations beyond the mean average, price can often become over-extended (e.g. extremely overbought or oversold) – and usually this...
The indicator uses colours to identify whether price has become extremely “overbought” or extremely “oversold”. Sigma is a measure of standard deviation, which is what this indicator uses. Usually when price moves 2 (or 3) standard deviations beyond the mean average, price can often become over-extended (e.g. extremely overbought or oversold) – and usually this...
DeepL Translation------------------------------------------------------------------------------------------------------------------------------------------- If you compare the positive line to 1 and the negative line to -1, and then add them together, you can see how the shape changes compared to the price chart This is an indicator that I made to look at. It is...
THE 'PROBLEM' A lot of buy and sell strategies are based on price action being at a particular (support) level, crossovers of different moving averages or of price action over moving averages. Whilst this is a safe way to trade, the price paid is lost earnings , whilst one waits for price/moving averages to reach a particular level/configuration. So for instance...
This is an experimental study based on Benoit Mandelbrot's fractal dimension concepts. Fractal dimension is a ratio providing a statistical measure of complexity comparing how detail in a pattern changes with the scale at which it's measured. The concept of a fractional or fractal dimension was derived from an unconventional approach to standard geometric...
Multiple volume oscillators in one. Description: As Warren Guppet once said, be “fearful when others are buying less, and greedy when others are selling less.” Divergences are the main point of usage of all bundled indicators. OBV Oscillator, remade. The formula has been changed to smooth out the way OBV is calculated during a trending move OBV Oscillator,...
Experimental: Example execution of Monte Carlo Simulation applied to the markets(this is my interpretation of the algo so inconsistencys may appear). note: the algorithm is very demanding so performance is limited.
High - Low Trend Tunnel Experiment. Using latest pinescript Array support! Plotting Highest highs and Lowest lows for specific length (can be defined in settings). The blue line is whom determinate the direction. Blue line is the average of the highest highs and lowest lows smoothed by EMA. Green - Up Trending. Red - Down Trending. Yellow - Squeeze, a...
TMSignal Trend Channel V1.0: Automatically calculates bullish , bearish or lateral channels. %Pearson's R is added for better trend analysis. Deviations can be configured and adjusted for greater precision in the marked channels. We hope you like it! Contact us any question or improvement suggestions.