Z-Score + Valuation BTC | JeffreyTimmermansBTC Valuation Indicator with Z-Score Analysis
The BTC Valuation Indicator is a sophisticated tool designed to offer traders and analysts a deeper understanding of Bitcoin’s market valuation, empowering them to make more informed decisions. By utilizing a combination of key moving averages and a logarithmic trendline, along with advanced statistical analysis through the Z-Score Indicator, this tool provides a comprehensive view of Bitcoin’s potential undervaluation or overvaluation.
Key Features:
200MA/P (200-Day Moving Average to Price Ratio)
This component compares Bitcoin’s current price to its 200-day Simple Moving Average (SMA), offering insights into the long-term trend. A positive value signals a potential undervaluation of Bitcoin, while a negative value may indicate overvaluation.
Use case: Identifying long-term price trends to forecast potential buying or selling opportunities.
50MA/P (50-Day Moving Average to Price Ratio)
This ratio focuses on the short-term dynamics of Bitcoin’s price, comparing it to its 50-day SMA. It helps traders detect bullish or bearish trends in the immediate future.
Use case: Spotting short-term market movements and adjusting strategies accordingly.
LTL/P (Logarithmic TrendLine to Price Ratio)
This ratio incorporates Bitcoin’s historical age, using a logarithmic trendline to measure price movements against long-term expectations. A divergence from this trendline can signal potential overvaluation or undervaluation, assisting in aligning trading decisions with broader market trends.
Use case: Evaluating the overall trajectory of Bitcoin’s value over time and predicting significant market shifts.
Z-Score Indicator Integration:
The BTC Valuation Indicator utilizes the Z-Score, a powerful statistical measure, to assess how far each of the aforementioned ratios deviates from the mean. Z-Scores help standardize these ratios, allowing traders to gauge the severity of under or overvaluation compared to historical averages.
What is a Z-Score?
A Z-score measures how far a data point is from the mean in terms of standard deviations. A Z-score of 0 indicates the value is exactly at the mean, while a positive or negative score shows how much the value deviates from it. A higher Z-score signals a more significant deviation, potentially pointing to a market anomaly, while a Z-score near 0 indicates normal conditions.
For instance:
A Z-score above +2 indicates that Bitcoin may be overvalued, with the likelihood of a market correction or reversion to the mean.
A Z-score below -2 signals possible undervaluation, suggesting an upward trend may be on the horizon.
Z-Score and Market Volatility
The Z-Score Indicator can be used in conjunction with volatility measures, such as the CBOE Volatility Index (VIX), to forecast potential market volatility. Just as a Z-scored VIX above +2 suggests decreasing volatility and the possibility of an upward trend, a Z-scored VIX below -2 indicates increasing volatility and a potential downward trend. This parallel can be used to predict Bitcoin’s potential movements in times of market uncertainty.
How to Use:
The BTC Valuation Indicator, when paired with the Z-Score, provides a more refined statistical framework to analyze Bitcoin’s market conditions. This integration allows traders to assess the severity of potential trends and price anomalies, assisting in the identification of profitable entry and exit points.
Important Considerations:
No Guarantee of Market Predictions: While this indicator is a valuable tool for assessing market conditions, no indicator can guarantee future performance. Always consider multiple factors and use the indicator as part of a comprehensive strategy.
Market Dynamics:
As market conditions evolve, continuously refine your approach. Historical performance may not be indicative of future results, and traders should remain vigilant to changing trends and developments.
By combining the power of moving averages, logarithmic trend lines, and Z-scores, the BTC Valuation Indicator equips investors with a robust, data-driven approach to Bitcoin valuation, enhancing decision-making and enabling a more nuanced understanding of market dynamics.
-Jeffrey
Educational
[c3s] Sk System CalculatorThe Sk System Calculator is a powerful trading tool designed to help you efficiently manage your trades by calculating the Stop Loss (SL) levels to break even and the first Take Profit (TP) targets. This indicator is ideal for traders looking to implement the SK System rules with ease and precision.
Key Features:
Amount in USD: Allows you to input the amount you wish to trade in USD.
Leverage: Adjust the leverage used in your trading strategy.
Percentage Calculation: Set the percentage for the next level calculation.
Dynamic Calculations: Automatically calculates the number of units based on the current price and leverage.
Break Even & TP1 Calculation: Provides the percentage values for when to move your SL to break even and the first TP level.
Clear Visual Display: Displays the calculated values in a user-friendly table on your chart.
This indicator simplifies your trading process by providing all the necessary calculations in one place, helping you to make more informed decisions and optimize your trading strategy.
Puell Multiple BTC | JeffreyTimmermansThe Puell Multiple is a metric that assesses the relationship between mining profitability and market cycles. It is calculated by comparing the daily value of newly issued coins (USD) to the 365-day moving average of daily coin issuance (USD).
This indicator works best on the 1D BTC Chart. When interpreting the Puell Multiple, it can generally be understood as follows:
High values indicate that miner profitability is significantly higher than the yearly average. This may lead to an increased incentive for miners to sell off their holdings, putting additional selling pressure on the market.
Low values suggest that miner profitability is lower than the yearly average. In this case, miners might experience financial strain, causing some to reduce their hash power by shutting down mining rigs. This, in turn, can reduce the number of coins being sold into the market, as remaining miners need to liquidate fewer coins to maintain operations, thereby decreasing the impact on the liquid supply.
The Puell Multiple is a metric used primarily in the cryptocurrency space, specifically for Bitcoin, to assess whether Bitcoin is overvalued or undervalued in relation to its mining rewards. It helps to gauge the profitability of miners and, by extension, to assess market conditions.
Use:
This Puell Multiple is invented for Long-Term, Trend Following Systems.
The Puell Multiple trend can be visualized through the color of the bars, which represents the direction of the trend, while the background indicates the strength of that trend.
Bar Color: The color of the bars typically changes to reflect whether the trend is bullish or bearish. For example, green bars may indicate a strong bullish trend, while red bars signal a bearish or declining trend. The color coding helps to quickly interpret the market's overall movement in relation to mining profitability.
Background Color: The background of the chart is used to reflect the strength of the trend. A darker or more intense background may signify a stronger trend, indicating that the market conditions are more pronounced, while a lighter background can suggest a weaker or more uncertain trend, showing less certainty in the market’s direction.
Together, the combination of bar color and background provides a clearer picture of both the trend's direction and its strength, making it easier to assess potential market behavior based on miner profitability and market cycles.
Puell Multiple and Moving Average: They can be used as an extra tool to confirm the bullish or bearish trend. When the Puell Multiple is above the Moving Average, this will suggest and confirm that the trend is bullish.
How you score this for your own systems is up to you.
-Jeffrey
Puell Multiple BTC | JeffreyTimmermansThe Puell Multiple is a metric that assesses the relationship between mining profitability and market cycles. It is calculated by comparing the daily value of newly issued coins (USD) to the 365-day moving average of daily coin issuance (USD).
This indicator works best on the 1D BTC Chart. When interpreting the Puell Multiple, it can generally be understood as follows:
High values indicate that miner profitability is significantly higher than the yearly average. This may lead to an increased incentive for miners to sell off their holdings, putting additional selling pressure on the market.
Low values suggest that miner profitability is lower than the yearly average. In this case, miners might experience financial strain, causing some to reduce their hash power by shutting down mining rigs. This, in turn, can reduce the number of coins being sold into the market, as remaining miners need to liquidate fewer coins to maintain operations, thereby decreasing the impact on the liquid supply.
The Puell Multiple is a metric used primarily in the cryptocurrency space, specifically for Bitcoin, to assess whether Bitcoin is overvalued or undervalued in relation to its mining rewards. It helps to gauge the profitability of miners and, by extension, to assess market conditions.
Use:
This Puell Multiple is invented for Long-Term, Trend Following Systems.
The Puell Multiple trend can be visualized through the color of the bars, which represents the direction of the trend, while the background indicates the strength of that trend.
Bar Color: The color of the bars typically changes to reflect whether the trend is bullish or bearish. For example, green bars may indicate a strong bullish trend, while red bars signal a bearish or declining trend. The color coding helps to quickly interpret the market's overall movement in relation to mining profitability.
Background Color: The background of the chart is used to reflect the strength of the trend. A darker or more intense background may signify a stronger trend, indicating that the market conditions are more pronounced, while a lighter background can suggest a weaker or more uncertain trend, showing less certainty in the market’s direction.
Together, the combination of bar color and background provides a clearer picture of both the trend's direction and its strength, making it easier to assess potential market behavior based on miner profitability and market cycles.
Puell Multiple and Moving Average: They can be used as an extra tool to confirm the bullish or bearish trend. When the Puell Multiple is above the Moving Average, this will suggest and confirm that the trend is bullish.
How you score this for your own systems is up to you.
-Jeffrey
Puell Multiple BTC | JeffreyTimmermansThe Puell Multiple is a metric that assesses the relationship between mining profitability and market cycles. It is calculated by comparing the daily value of newly issued coins (USD) to the 365-day moving average of daily coin issuance (USD).
This indicator works best on the 1D BTC Chart. When interpreting the Puell Multiple, it can generally be understood as follows:
High values indicate that miner profitability is significantly higher than the yearly average. This may lead to an increased incentive for miners to sell off their holdings, putting additional selling pressure on the market.
Low values suggest that miner profitability is lower than the yearly average. In this case, miners might experience financial strain, causing some to reduce their hash power by shutting down mining rigs. This, in turn, can reduce the number of coins being sold into the market, as remaining miners need to liquidate fewer coins to maintain operations, thereby decreasing the impact on the liquid supply.
The Puell Multiple is a metric used primarily in the cryptocurrency space, specifically for Bitcoin, to assess whether Bitcoin is overvalued or undervalued in relation to its mining rewards. It helps to gauge the profitability of miners and, by extension, to assess market conditions.
Use:
This Puell Multiple is invented for Long-Term, Trend Following Systems.
The Puell Multiple trend can be visualized through the color of the bars, which represents the direction of the trend, while the background indicates the strength of that trend.
Bar Color: The color of the bars typically changes to reflect whether the trend is bullish or bearish. For example, green bars may indicate a strong bullish trend, while red bars signal a bearish or declining trend. The color coding helps to quickly interpret the market's overall movement in relation to mining profitability.
Background Color: The background of the chart is used to reflect the strength of the trend. A darker or more intense background may signify a stronger trend, indicating that the market conditions are more pronounced, while a lighter background can suggest a weaker or more uncertain trend, showing less certainty in the market’s direction.
Together, the combination of bar color and background provides a clearer picture of both the trend's direction and its strength, making it easier to assess potential market behavior based on miner profitability and market cycles.
Puell Multiple and Moving Average: They can be used as an extra tool to confirm the bullish or bearish trend. When the Puell Multiple is above the Moving Average, this will suggest and confirm that the trend is bullish.
How you score this for your own systems is up to you.
-Jeffrey
SMA Trend Spectrum [InvestorUnknown]The SMA Trend Spectrum indicator is designed to visually represent market trends and momentum by using a series of Simple Moving Averages (SMAs) to create a color-coded spectrum or heatmap. This tool helps traders identify the strength and direction of market trends across various time frames within one chart.
Functionality:
SMA Calculation: The indicator calculates multiple SMAs starting from a user-defined base period (Starting Period) and increasing by a specified increment (Period Increment). This creates a sequence of moving averages that span from short-term to long-term perspectives.
Trend Analysis: Each segment of the spectrum compares three SMAs to determine the market's trend strength: Bullish (color-coded green) when the current price is above all three SMAs. Neutral (color-coded purple) when the price is above some but not all SMAs. Bearish (color-coded red) when the price is below all three SMAs.
f_col(x1, x2, x3) =>
min = ta.sma(src, x1)
mid = ta.sma(src, x2)
max = ta.sma(src, x3)
c = src > min and src > mid and src > max ? bull : src > min or src > mid or src > max ? ncol : bear
Heatmap Visualization: The indicator plots these trends as a vertical spectrum where each row represents a different set of SMAs, forming a heatmap-like display. The color of each segment in the heatmap directly correlates with market conditions, providing an intuitive view of market sentiment.
Signal Smoothing: Users can choose to smooth the trend signal using either a Simple Moving Average (SMA), Exponential Moving Average (EMA), or leave it as raw data (Signal Smoothing). The length of smoothing can be adjusted (Smoothing Length). The signal is displayed in a scaled way to automatically adjust for the best visual experience, ensuring that the trend is clear and easily interpretable across different chart scales and time frames
Additional Features:
Plot Signal: Optionally plots a line representing the average trend across all calculated SMAs. This line helps in identifying the overall market direction based on the spectrum data.
Bar Coloring: Bars on the chart can be colored according to the average trend strength, providing a quick visual cue of market conditions.
Usage:
Trend Identification: Use the heatmap to quickly assess if the market is trending strongly in one direction or if it's in a consolidation phase.
Entry/Exit Points: Look for shifts in color patterns to anticipate potential trend changes or confirmations for entry or exit points.
Momentum Analysis: The gradient from bearish to bullish across the spectrum can be used to gauge momentum and potentially forecast future price movements.
Notes:
The effectiveness of this indicator can vary based on market conditions, asset volatility, and the chosen SMA periods and increments.
It's advisable to combine this tool with other technical indicators or fundamental analysis for more robust trading decisions.
Disclaimer: Past performance does not guarantee future results. Always use this indicator as part of a broader trading strategy.
Central Pivot Range (CPR)Central Pivot Range (CPR) Indicator
The Central Pivot Range (CPR) indicator is designed to help traders identify key levels of support and resistance based on pivot points calculated from the previous day's price action. The CPR levels act as critical areas of price convergence and potential reversal, which can help in anticipating future price movements. This version of the CPR indicator includes customizable features to enhance your trading strategy.
Key Features:
Custom Timeframe Support: The indicator allows you to select a custom timeframe for calculating the CPR levels. By default, it uses the daily timeframe ('D'), but you can adjust it to any other timeframe of your choosing. The indicator calculates the CPR and support/resistance levels based on the data from the selected timeframe.
Central Pivot (CP), Below Central Pivot (BC), and Top Central Pivot (TC):
Pivot (CP): The central pivot point is calculated as the average of the high, low, and close prices of the selected timeframe.
Below Central Pivot (BC): This is the midpoint between the high and low prices of the selected timeframe.
Top Central Pivot (TC): This is calculated based on the central pivot and below central pivot, providing a range between support and resistance levels.
Support and Resistance Levels (S1, S2, S3, R1, R2, R3):
Support Levels (S1, S2, S3): These are calculated based on the central pivot, providing potential areas where price may find support and reverse.
Resistance Levels (R1, R2, R3): These are calculated similarly but indicate potential resistance zones where price may face challenges to move higher.
Dynamic Plotting Based on User Input:
The indicator allows you to choose which levels to display on the chart, including the Central Pivot (CP), Support Levels (S1, S2, S3), and Resistance Levels (R1, R2, R3), all of which can be toggled on or off via checkboxes.
CP is displayed in white, BC and TC in blue, Support levels (S1, S2, S3) in green, and Resistance levels (R1, R2, R3) in red.
Daywise Calculations:
The CPR and levels are based on the previous day’s price action, providing historical support and resistance levels that can be useful for intraday analysis.
The request.security function is used to fetch the pivot data from the custom timeframe, ensuring the levels are calculated based on the last completed period (previous day) without repainting.
Customization Options:
CPR Plot: Toggle the visibility of the central pivot range (CPR) lines.
Support Levels (S1, S2, S3): Choose to show or hide the support levels.
Resistance Levels (R1, R2, R3): Choose to show or hide the resistance levels.
Custom Timeframe: Set a custom timeframe for calculating the CPR, allowing for more flexible and tailored analysis.
BLSH - ShriThe BLSH Price Table indicator (Buy at Low, Sell at High) is designed to help traders identify key price levels for informed decision-making. This indicator calculates:
25-Day Low (LOW25): The lowest price over a user-defined period (default: 25 days).
GTT (Good Till Triggered): A customizable price level, expressed as a percentage above the 25-day low (default: 6.5%).
Target Price: A profit-based price level, calculated as a percentage above the GTT (default: 3.14%).
The BLSH Price Table visually plots these levels and provides a table summarizing them for easy reference.
Use LOW25 to identify strong support zones.
Use GTT as a breakout or re-entry point.
Use Target Price to plan profitable exits.
This indicator is ideal for swing traders seeking to capitalize on low-risk buy opportunities and strategic sell points.
Order Blocks - VK TradingOrder Blocks - VK Trading
This script in Pine Script identifies and highlights Order Blocks, key tools in institutional trading. Designed for traders of all levels, it provides clear and customizable visualization, helping you anticipate market movements with greater accuracy.
Key Features:
Order Block Visualization: Highlights relevant bullish and bearish zones directly on the chart.
Customizable Settings: Adjust sensitivity, colors, and other parameters to suit your analysis needs.
Dual Block Detection: Uses two independent settings to cover different market perspectives.
Visual Alerts: Automatic line drawing for key levels.
Automatic Clearing: Dynamic clearing of already invalidated blocks.
User Benefits:
Clear Visual Analysis: Identifies key supply and demand points used by institutions.
Improved Trading Decisions: Anticipate entry and exit zones more accurately.
Time Saver: Automates level plotting, allowing you to focus on strategy and execution.
Strategy Adaptability: Compatible with Smart Money, Wyckoff, and Price Action approaches.
Disclaimer:
This script is an educational and analytical tool. It does not guarantee specific results or eliminate trading risk. Trading in the financial markets involves significant risks; use this script at your own risk.
ChristmasWishing You All a Merry Christmas! 🎄☃️❄️
May your charts be ever-green, your trades profitable, and your holiday season filled with joy, warmth, and magic. Happy Holidays!
Christmas tree Animated Pixel ArtThis is an animated Christmas tree that lights up.
It was done using a script by the author of Gunzo_TV
Merry Christmas!
CandelaCharts - Volume Imbalance (VI) 📝 Overview
Volume Imbalance occurs when there’s a noticeable gap between the bodies of two consecutive candlesticks, with no overlap between them. While the wicks of the candles might intersect, the candle bodies remain entirely separate. This phenomenon often signifies that the algorithm driving market activity did not evenly distribute prices between these two levels, leaving behind a small Volume Imbalance (VI).
A Bullish Volume Imbalance forms when the body of a green candlestick gaps above the previous candle’s body, with no overlap, indicating strong upward momentum and insufficient sell-side liquidity.
A Bearish Volume Imbalance forms when the body of a red candlestick gaps below the previous candle’s body, with no overlap, signaling intense downward pressure and a lack of buy-side liquidity.
This indicator can automatically identify volume imbalances by scanning candlestick patterns and detecting gaps between consecutive candle bodies. These volume imbalances act as price magnets, often attracting the market back to fill the gap before resuming its original direction. Recognizing and leveraging these gaps can be a powerful tool in technical analysis for predicting price movements.
📦 Features
MTF
Mitigation
Consequent Encroachment
Threshold
Hide Overlap
Advanced Styling
⚙️ Settings
Show: Controls whether VIs are displayed on the chart.
Show Last: Sets the number of VIs you want to display.
Length: Determines the length of each VI.
Mitigation: Highlights when a VI has been touched, using a different color without marking it as invalid.
Timeframe: Specifies the timeframe used to detect VIs.
Threshold: Sets the minimum gap size required for VI detection on the chart.
Show Mid-Line: Configures the midpoint line's width and style within the VI. (Consequent Encroachment - CE)
Show Border: Defines the border width and line style of the VI.
Hide Overlap: Removes overlapping VIs from view.
Extend: Extends the VI length to the current candle.
Elongate: Fully extends the VI length to the right side of the chart.
⚡️ Showcase
Simple
Mitigated
Bordered
Consequent Encroachment
Extended
🚨 Alerts
This script provides alert options for all signals.
Bearish Signal
A bearish alert triggers when a red candlestick gaps below the previous body, signaling downward pressure.
Bullish Signal
A bullish alert triggers when a green candlestick gaps above the previous body, indicating upward momentum.
⚠️ Disclaimer
Trading involves significant risk, and many participants may incur losses. The content on this site is not intended as financial advice and should not be interpreted as such. Decisions to buy, sell, hold, or trade securities, commodities, or other financial instruments carry inherent risks and are best made with guidance from qualified financial professionals. Past performance is not indicative of future results.
CandelaCharts - Opening Gap (OG) 📝 Overview
The ICT (Inner Circle Trader) Opening Gap represents the price difference between the previous trading session's closing price and the current session's opening price. This gap serves as a key indicator of market sentiment and can offer valuable clues about the market's potential direction throughout the trading day.
A bullish Opening Gap forms when the market opens higher than the previous session's close, signaling strong buying interest or positive sentiment heading into the new session
A bearish Opening Gap occurs when the market opens lower than the previous session's close, reflecting heightened selling pressure or negative sentiment among market participants
The Opening Gap is significant as it often establishes the market's tone for the trading session. Accurately interpreting this gap enables traders to make informed decisions about when to enter or exit positions. Serving as a gauge of market strength or weakness, the gap provides a clear signal of whether the market is likely to trend upward or downward during the day.
📦 Features
MTF
Mitigation
Consequent Encroachment
Threshold
Hide Overlap
Advanced Styling
⚙️ Settings
Show: Controls whether OGs are displayed on the chart.
Show Last: Sets the number of OGs you want to display.
Length: Determines the length of each OG.
Mitigation: Highlights when an OG has been touched, using a different color without marking it as invalid.
Timeframe: Specifies the timeframe used to detect OGs.
Threshold: Sets the minimum gap size required for OG detection on the chart.
Show Mid-Line: Configures the midpoint line's width and style within the OG. (Consequent Encroachment - CE)
Show Border: Defines the border width and line style of the OG.
Hide Overlap: Removes overlapping OGs from view.
Extend: Extends the OG length to the current candle.
Elongate: Fully extends the OG length to the right side of the chart.
⚡️ Showcase
Simple
Mitigated
Bordered
Consequent Encroachment
Extended
🚨 Alerts
This script provides alert options for all signals.
Bearish Signal
A bearish signal is triggered when the price opens lower than the previous session's close.
Bullish Signal
A bullish signal is triggered when the price opens higher than the previous session's close.
⚠️ Disclaimer
Trading involves significant risk, and many participants may incur losses. The content on this site is not intended as financial advice and should not be interpreted as such. Decisions to buy, sell, hold, or trade securities, commodities, or other financial instruments carry inherent risks and are best made with guidance from qualified financial professionals. Past performance is not indicative of future results.
CandelaCharts - Inversion Fair Value Gap (IFVG) 📝 Overview
An ICT Inversion Fair Value Gap, often called an Inverse FVG, occurs when a Fair Value Gap (FVG) fails to maintain price support or resistance, resulting in a price breach beyond the FVG. This phenomenon highlights an initial shift in price momentum, signaling potential reversals or retracements.
A Bullish IFVG forms when the price breaks above a bearish fair value gap, signaling a potential shift to bullish momentum.
A Bearish IFVG forms when the price breaks below a bullish fair value gap, signaling a potential shift to bearish momentum.
The IFVG Indicator is a powerful tool designed to automatically detect Inversion Fair Value Gaps (IFVGs) on your charts. It highlights key zones where price breaches fair value gaps, signaling potential momentum shifts or trend reversals. Whether you're tracking bullish or bearish IFVGs, this indicator provides clear visual cues, helping you make informed trading decisions with precision and confidence. Perfect for traders seeking to anticipate market structure changes effortlessly.
📦 Features
MTF
Mitigation
Consequent Encroachment
Threshold
Hide Overlap
Advanced Styling
⚙️ Settings
Show: Controls whether FVGs are displayed on the chart.
Show Last: Sets the number of FVGs you want to display.
Length: Determines the length of each IFVG.
Mitigation: Highlights when an IFVG has been touched, using a different color without marking it as invalid.
Timeframe: Specifies the timeframe used to detect IFVGs.
Threshold: Sets the minimum gap size required for IFVG detection on the chart.
Show Mid-Line: Configures the midpoint line's width and style within the IFVG. (Consequent Encroachment - CE)
Show Border: Defines the border width and line style of the IFVG.
Hide Overlap: Removes overlapping IFVGs from view.
Extend: Extends the IFVG length to the current candle.
Elongate: Fully extends the IFVG length to the right side of the chart.
⚡️ Showcase
Simple
Mitigated
Bordered
Consequent Encroachment
Extended
🚨 Alerts
This script provides alert options for all signals.
Bearish Signal
A bearish signal is invalidated if the price re-enters a bearish inversion zone but fails to reverse downward.
Bullish Signal
A bullish signal is invalidated if the price re-enters a bullish inversion zone but fails to reverse upward.
⚠️ Disclaimer
Trading involves significant risk, and many participants may incur losses. The content on this site is not intended as financial advice and should not be interpreted as such. Decisions to buy, sell, hold, or trade securities, commodities, or other financial instruments carry inherent risks and are best made with guidance from qualified financial professionals. Past performance is not indicative of future results.
CandelaCharts - Fair Value Gap (FVG) 📝 Overview
A Fair Value Gap is a three-candle pattern where an unfilled area exists between the high of the first candle and the low of the third candle. This Fair Value Gap represents a price imbalance and often serves as a level of support or resistance on the price chart.
A Bullish FVG occurs when the high of the first candle is below the low of the third candle, creating a gap in price between them.
A Bearish FVG happens when the low of the first candle is above the high of the third candle, also resulting in a price gap.
The indicator is designed to allow traders to precisely and accurately identify Fair Value Gaps (FVGs) across any chosen time frame. Automatically detecting these price imbalances, highlights potential areas where prices may retrace, providing valuable insights into market support and resistance levels. This capability enables traders to make informed decisions based on the presence of FVGs, enhancing their strategies for entry and exit points across different market conditions and time frames.
📦 Features
MTF
Mitigation
Consequent Encroachment
Threshold
Hide Overlap
Advanced Styling
⚙️ Settings
Show: Controls whether FVGs are displayed on the chart.
Show Last: Sets the number of FVGs you want to display.
Length: Determines the length of each FVG.
Mitigation: Highlights when an FVG has been touched, using a different color without marking it as invalid.
Timeframe: Specifies the timeframe used to detect FVGs.
Threshold: Sets the minimum gap size required for FVG detection on the chart.
Show Mid-Line: Configures the midpoint line's width and style within the FVG. (Consequent Encroachment - CE)
Show Border: Defines the border width and line style of the FVG.
Hide Overlap: Removes overlapping FVGs from view.
Extend: Extends the FVG length to the current candle.
Elongate: Fully extends the FVG length to the right side of the chart.
⚡️ Showcase
Simple
Mitigated
Bordered
Consequent Encroachment
Extended
🚨 Alerts
This script provides alert options for all signals.
Bearish Signal
A bearish signal is triggered when the price moves back into a bearish inversion zone and then reverses downward.
Bullish Signal
A bullish signal is triggered when the price returns to a bullish inversion zone and then breaks upward out of the top.
⚠️ Disclaimer
Trading involves significant risk, and many participants may incur losses. The content on this site is not intended as financial advice and should not be interpreted as such. Decisions to buy, sell, hold, or trade securities, commodities, or other financial instruments carry inherent risks and are best made with guidance from qualified financial professionals. Past performance is not indicative of future results.
CandelaCharts - Balanced Price Range (BPR) 📝 Overview
ICT Balanced Price Range (BPR) is the area on the price chart where two opposite Fair Value Gaps overlap.
To identify a Balanced Price Range (BPR), mark a fair value gap (FVG) on the sell side of the price and another on the buy side. These FVGs should be directly opposite each other horizontally. The overlapping area between the two is the Balanced Price Range.
The significance of the ICT Balanced Price Range lies in its sensitivity to price movements. When the market approaches a BPR, it often triggers a rapid and notable price reaction.
This reaction occurs because the two opposing FVGs attract the attention of smart money traders—those with substantial capital capable of influencing market trends. As a key concept in the Inner Circle Trader (ICT) methodology, the BPR serves as an ideal entry point, frequently driving considerable market activity.
📦 Features
MTF
Mitigation
Consequent Encroachment (CE)
Threshold
Hide Overlap
Advanced Styling
⚙️ Settings
Show: Controls whether BPRs are displayed on the chart.
Show Last: Sets the number of BPRs you want to display.
Length: Determines the length of each BPR.
Mitigation: Highlights when an BPR has been touched, using a different color without marking it as invalid.
Timeframe: Specifies the timeframe used to detect BPRs.
Threshold: Sets the minimum gap size required for BPR detection on the chart.
Show Mid-Line: Configures the midpoint line's width and style within the BPR. (Consequent Encroachment - CE)
Show Border: Defines the border width and line style of the BPR.
Hide Overlap: Removes overlapping BPRs from view.
Extend: Extends the BPR length to the current candle.
Elongate: Fully extends the BPR length to the right side of the chart.
⚡️ Showcase
Simple
Mitigated
Bordered
Consequent Encroachment
Extended
🚨 Alerts
This script offers alert options for all signal types.
Bearish Signal
A bearish signal is generated when the price re-enters a bearish inversion zone and then reverses downward.
Bullish Signal
A bullish signal is generated when the price revisits a bullish inversion zone and then breaks upward through the top.
⚠️ Disclaimer
Trading involves significant risk, and many participants may incur losses. The content on this site is not intended as financial advice and should not be interpreted as such. Decisions to buy, sell, hold, or trade securities, commodities, or other financial instruments carry inherent risks and are best made with guidance from qualified financial professionals. Past performance is not indicative of future results.
Open-Close Range ComparisonTo find out stocks having range expansion.
Can be used as breakout for entering
3D christmas treeThis script draws a rotating 3D Christmas tree with a star on a chart, using cylindrical and spherical coordinate systems. Decorations like bells, gifts, and reindeer are randomly placed on the tree using a pseudo-random number generator. The tree's appearance is customizable with adjustable parameters such as height, viewing angle, and decoration density. Please zoom out on the chart for a better view.
Market Capital Gain Loss By Abhay B. JagdaleMarket Capital Gain Loss (MCGL) by Abhay B. Jagdale is an advanced indicator designed to visualize and analyze the market capitalization of a stock based on real-time price data. It leverages financial metrics and price action to help traders and investors understand how the stock's valuation evolves over time.
This script calculates market capitalization using the stock's Total Shares Outstanding (TSO), combined with open, high, low, and close prices. The results are displayed in an easy-to-read format, using the following visual elements:
Step Line Plot: Shows the market capitalization trend, where green indicates a positive change and red indicates a negative change compared to the previous bar.
Custom Candles: Represent the market cap's open, high, low, and close values, offering a candle-like visualization for valuation.
Dynamic Labels: Display the high, current, and low market capitalization values for each bar, giving users a clear snapshot of key data points.
Features:
Automatically calculates market capitalization using financial data for supported stocks.
Highlights gains and losses with intuitive color-coding (green for gains, red for losses).
Displays detailed market capitalization metrics in labels for added clarity.
Suitable for all trading styles, including day trading and long-term analysis.
Use Cases:
Stock Valuation Tracking: Understand how market cap changes in real-time based on price action.
Trend Identification: Spot valuation trends and reversals using color-coded step lines and candles.
Market Cap Insights: Gain additional context about stock performance with dynamic labels showcasing high, low, and current capitalization.
Note: This indicator relies on the request.financial function to fetch the total shares outstanding (TSO). For stocks that don't support this data, the TSO will default to 0, and calculations will not be displayed. Ensure the stock symbol supports financial data to use this indicator effectively.
Disclaimer:
This script is intended for informational purposes only and should not be used as the sole basis for making trading decisions. Always conduct your own research before investing.
Push Up Pullback BuyThe Push Up Pullback Buy (PUPB) indicator is designed to identify trend continuation opportunities by detecting key market movements:
Push-Ups: Rapid upward price movements exceeding a customizable minimum change.
Pullbacks: Temporary price corrections following a push-up.
Trend Confirmation: Validates higher highs and higher lows during pullbacks to ensure trend continuation.
Multi-Timeframe Analysis: Incorporates lower timeframe breakout confirmation for enhanced precision.
This indicator provides visual cues (arrows and signals) directly on your chart, making it intuitive for traders to spot potential buy opportunities. Ideal for trend-following strategies and traders looking to capitalize on pullback entries in bullish markets.
Customizable parameters allow you to adapt the indicator to your preferred trading style and instruments.
Eroina Trend Reversal Indicator with ConfirmationsEroina Trend Reversal Indicator with Confirmations
Overview (English):
The Trend Reversal Indicator with Confirmations is designed to identify potential trend reversals by analyzing dynamic resistance and support levels. This script uses a robust confirmation system to reduce false signals, making it ideal for traders who seek disciplined, data-driven decisions.
Key Features:
• Dynamic Levels: Calculates resistance and support levels based on user-defined lengths.
• Breakout Confirmation: Confirms trend reversals by validating price action over a specified number of candles.
• Visual Cues: Displays “LONG” and “SHORT” signals directly on the chart, alongside resistance/support levels.
• Customizable Parameters: Adaptable to different timeframes and market conditions.
How It Works:
1. Resistance & Support Levels:
• Resistance: Calculated as the highest high over the last N bars.
• Support: Calculated as the lowest low over the last N bars.
2. Breakout Detection:
• A resistance breakout occurs when the price closes above the resistance level.
• A support breakout occurs when the price closes below the support level.
3. Confirmation Logic:
• Signals are validated only if the price remains above/below the levels for a user-defined number of candles.
4. Entry Signals:
• “LONG” signals indicate a confirmed breakout above resistance.
• “SHORT” signals indicate a confirmed breakdown below support.
Settings:
• Resistance Length: Defines the number of candles used to calculate resistance levels.
• Support Length: Defines the number of candles used to calculate support levels.
• Confirmation Candles: Specifies how many candles are required to confirm breakouts.
Usage:
This indicator is ideal for identifying trend reversals and optimizing entry points. Combine it with volume analysis or other technical indicators to enhance accuracy. For example:
• Use in conjunction with RSI to avoid overbought/oversold conditions.
• Combine with moving averages to confirm the trend direction.
Overview (Additional Language):
(Your additional language description can go here after English, e.g., Russian, Spanish, etc.)
