Market Anomaly Detector (MAD)Market Anomaly Detector (MAD) Indicator - Detailed Description:
The Market Anomaly Detector (MAD) Indicator is a unique tool designed to identify potential market anomalies by combining several price action-based and momentum indicators. This indicator is especially useful for traders who seek to identify significant market shifts and anomalies before they become visible in conventional technical indicators.
Key Features of the MAD Indicator:
1. Z-Score Threshold for Anomaly Detection:
• The Z-Score measures how far a current price is from its average over a defined period, normalized by standard deviation. This allows the MAD indicator to detect outliers or anomalies in price movements.
• By adjusting the Z-Score Threshold, traders can tune the sensitivity of the indicator to capture only the most significant price deviations, filtering out noise and reducing false signals.
2. Volume and Liquidity Filter:
• Volume is a key indicator of market participation and sentiment. The MAD Indicator uses a volume multiplier to assess when price movements are supported by sufficient trading volume.
• A volume spike is identified when the current volume exceeds the average volume by a certain multiplier. This ensures that only high-confidence signals are generated, particularly useful for spotting trend reversals and breakout opportunities.
3. Signal Cooldown Period:
• To prevent overfitting and reduce false signals, a signal cooldown period is implemented. Once a buy or sell signal is triggered, the indicator waits for a specified number of bars (e.g., 5) before triggering another signal, even if the price action meets the criteria for a new signal. This helps maintain a cleaner trading environment and avoids confusion when the market is volatile.
4. Upper and Lower Bands for Trend Confirmation:
• The MAD Indicator uses bands based on the mean price and standard deviation, similar to Bollinger Bands. These upper and lower bands help to define the expected price range for a given period, indicating overbought or oversold conditions.
• The combination of Z-Score, volume, and band analysis helps pinpoint when the price breaks out of expected ranges, providing early warning signs for potential market shifts.
5. Trend Confirmation from Higher Timeframes:
• The MAD Indicator includes a multi-timeframe approach to trend confirmation, using the 50-period EMA on a higher timeframe (e.g., 1-hour chart). This ensures that signals are aligned with the overall market trend, enhancing the reliability of buy and sell signals.
How It Works:
• The MAD Indicator continuously monitors price action, volume, and statistical anomalies, using the Z-Score to determine when the price is significantly deviating from its historical average.
• When the price breaks above the upper band and a bullish anomaly is detected, a buy signal is generated. (Green Background)
• Similarly, when the price breaks below the lower band and a bearish anomaly is detected, a sell signal is triggered. (Red Background
• By filtering signals based on volume and using the cooldown period, the MAD Indicator ensures that only high-quality trades are signaled.
How to Use the MAD Indicator:
• Buy Signal: Occurs when the price breaks above the upper band and there is a significant deviation from the mean (bullish anomaly).
• Sell Signal: Occurs when the price breaks below the lower band and there is a significant deviation from the mean (bearish anomaly).
• Volume Confirmation: Ensure that the buy/sell signals are supported by a volume spike, indicating strong market participation.
• Signal Cooldown Period: After a signal is triggered, the indicator waits for the cooldown period to avoid triggering multiple signals in quick succession.
Why It’s Worth Paying For:
The MAD Indicator combines advanced statistical analysis (Z-Score), price action, and volume analysis to identify market anomalies and breakouts before they are visible on standard indicators. By leveraging the power of mean reversion and statistical anomalies, this tool provides traders with high-confidence signals that can lead to profitable trades, especially in volatile markets. The integration of a multi-timeframe trend filter ensures that signals are aligned with the overall market trend, reducing the likelihood of false breakouts.
This indicator is ideal for trend-following traders looking for high-probability entries and mean-reversion traders aiming to capture price deviations. The signal cooldown period and volume filter provide an additional layer of precision, ensuring that you only act on the strongest market signals.
Oiltrading
Order Flow / Delta Volume IndicatorOrder Flow / Delta Volume Indicator
The Order Flow / Delta Volume Indicator is designed to give traders a comprehensive view of market activity by combining delta volume analysis, order flow imbalances, and momentum filters. This indicator is not just a mashup of components, but a carefully crafted tool that enhances decision-making by integrating various layers of market analysis into one powerful system.
How the Components Work Together:
1. Delta Volume Bars: The core of this indicator, delta volume shows the difference between buy and sell orders, allowing traders to see real-time shifts in market sentiment. Green bars indicate buy-side pressure, while red bars show sell-side dominance. By visualizing this in bar form, traders can easily spot significant shifts in order flow that could signal trend changes or momentum shifts.
2. Cumulative Delta Line (Rescaled): The cumulative delta is rescaled to plot under the price candles, giving traders a clear, contextualized view of how net buyer or seller dominance is developing over time. This line helps identify potential market reversals when price moves diverge from cumulative delta trends.
3. Order Flow Imbalance Detection: Imbalances in buy and sell volumes are automatically detected using a threshold, ensuring that traders are alerted to significant market moves. These imbalances provide insight into aggressive buying or selling behavior, which is crucial for identifying points of high trading activity or potential breakout/reversal zones.
4. VWAP Filter: Volume Weighted Average Price (VWAP) is included as a filter to confirm trend direction. The VWAP ensures that buy signals are only triggered when price action is above the VWAP (indicating strength), and sell signals are triggered when price is below the VWAP (indicating weakness). This ensures that signals are not just based on volume, but also on where price is relative to a critical benchmark.
5. RSI Filter: The inclusion of the Relative Strength Index (RSI) adds a momentum check to the signals. By using RSI, traders can avoid taking trades during low-momentum periods, ensuring they only act when market conditions favor a stronger move.
6. Signal Cooldown Feature: To avoid clutter and noise from frequent signals, this indicator includes a cooldown period between signals, ensuring that traders don’t receive excessive alerts in a short timeframe. This feature prevents overtrading and helps focus on high-quality signals.
Why This Combination is Useful:
• Comprehensive Market Insight: By combining delta volume analysis with order flow imbalance detection, this indicator provides a deep understanding of market sentiment, showing not only price movement but the underlying volume dynamics driving those moves.
• Signal Accuracy: The VWAP and RSI filters ensure that signals are only generated in strong market conditions, filtering out weak or false signals that often occur in choppy markets.
• Divergence Detection: The cumulative delta line provides traders with a tool for spotting divergences between price action and underlying volume, allowing for earlier detection of potential reversals.
This indicator is more than a simple combination of existing tools—it’s a strategic fusion of volume analysis, order flow, and momentum filters designed to provide traders with a clearer view of market activity and to generate more reliable buy/sell signals.
This description explains how the components work together and highlights the indicator’s usefulness, which should address TradingView’s concerns about originality and purpose.
Bullish/Bearish Sentiment Cycle Indicator Sentiment Cycle Indicator: Understanding Market Psychology Through Technical Analysis
Overview:
The Sentiment Cycle Indicator is a unique blend of multiple technical analysis tools designed to help traders visualize and capitalize on market sentiment shifts. This indicator combines RSI (Relative Strength Index), MACD (Moving Average Convergence Divergence), volume analysis, and sentiment cycle detection to provide actionable buy and sell signals. By monitoring the emotional stages that market participants go through—such as optimism, excitement, euphoria, anxiety, denial, panic, and depression—this indicator helps traders identify turning points in the market cycle.
Key Components and How They Work Together:
1. RSI (Relative Strength Index):
• The RSI is a momentum oscillator that measures the speed and change of price movements. In this indicator, the RSI is used to determine overbought or oversold conditions, which are then translated into signals for potential market sentiment shifts.
• Integration: The RSI provides the foundational layer to assess whether the market is generally bullish or bearish. When combined with MACD and volume analysis, it helps confirm the strength of a sentiment cycle phase.
2. MACD (Moving Average Convergence Divergence):
• MACD is a trend-following indicator that shows the relationship between two moving averages of a security’s price. It is used in this script to identify trend direction and momentum changes.
• Integration: MACD crossovers are aligned with RSI conditions to detect the shift between bullish and bearish market sentiments. The MACD’s ability to capture trend changes strengthens the identification of sentiment phases, such as “optimism” or “panic.”
3. Volume Analysis:
• Volume analysis is a critical component in understanding market sentiment. The indicator uses a moving average of volume to detect volume spikes, which often coincide with significant market moves or reversals.
• Integration: Volume spikes are used to gauge the intensity of sentiment changes. For example, high volume during a bullish or bearish sentiment phase is a strong confirmation of a market sentiment shift. This integration enhances the reliability of the buy and sell signals generated by the sentiment cycle logic.
4. Sentiment Cycles:
• The indicator identifies four main sentiment phases—Optimism, Excitement, Panic, and Depression—based on combinations of RSI, MACD, and volume data. These phases are visually represented on the chart through background color zones, allowing traders to see the prevailing market sentiment at a glance.
• Integration: The sentiment phases are determined by a combination of the RSI trend, MACD crossovers, and volume analysis. For example, a transition from “Panic” to “Optimism” is detected when the RSI recovers from oversold levels, MACD turns bullish, and volume spikes decrease. This comprehensive approach ensures that all signals are well-founded and based on multiple dimensions of market data.
5. Buy and Sell Signals:
• The buy and sell signals are generated based on crossovers and crossunders between sentiment phases. For example, a buy signal is triggered when the market moves from a “Depression” (oversold) phase to an “Optimism” phase. A sell signal is triggered when the market transitions from “Excitement” to “Panic.”
• Integration: These signals are refined by adding a minimum distance between consecutive signals to avoid noise and enhance the clarity of trading opportunities. This further ensures that signals are not generated too frequently, reducing the chance of false positives.
Justification for Combining These Components:
The combination of RSI, MACD, volume analysis, and sentiment detection into a single indicator offers a holistic approach to understanding market psychology. Here’s why this mashup is particularly effective:
• Comprehensive Sentiment Analysis: The integration of RSI and MACD provides a well-rounded view of both momentum and trend, while volume analysis adds a layer of intensity to confirm sentiment shifts.
• Reduced Noise and Enhanced Signal Quality: By using multiple indicators to filter signals, the indicator minimizes noise and reduces the likelihood of false signals. This is particularly beneficial for traders looking to capitalize on meaningful market turns rather than being whipsawed by minor fluctuations.
• Visual Clarity: The background color zones corresponding to different sentiment phases offer a clear, at-a-glance view of the market’s current state, allowing traders to make more informed decisions quickly.
• Unique Combination for Market Sentiment Detection: While many indicators focus on either trend, momentum, or volume independently, this mashup uniquely combines these elements to detect the market’s underlying emotional state, providing a more nuanced understanding of market behavior.
How to Use This Indicator:
• Buy Signal: Look for the green “Buy” label when the market transitions from a bearish sentiment (grey or red zones) to a bullish sentiment (green zone).
• Sell Signal: Look for the red “Sell” label when the market transitions from a bullish sentiment (blue zone) to a bearish sentiment (red or gray zones).
• Dynamic Background Zones: Use the background color zones to visually track the prevailing market sentiment phase and anticipate potential buy or sell signals.
Originality and Practical Application:
This indicator’s originality lies in its ability to seamlessly integrate multiple widely-used technical analysis tools (RSI, MACD, and Volume) into a single, comprehensive tool for detecting market sentiment shifts. By doing so, it provides traders with a practical, easy-to-use tool that adapts to various market conditions, making it suitable for both day trading and longer-term strategies.
Conclusion:
The “Sentiment Cycle Indicator” is designed to offer traders a powerful, unified approach to identifying market sentiment shifts. By combining momentum, trend, and volume analysis, it delivers a unique and efficient way to navigate the complexities of market psychology, ultimately providing traders with an edge in understanding and predicting market movements.
Cantom Chart - CL CTG vs BKDEnglish : This Pine Script indicator, named "Cantom Chart - CL CTG vs BKD," uniquely analyzes the immediate state of oil futures contracts to determine if they are in contango or backwardation. The script uses the price ratio between the nearest (CL1) and the next nearest (CL2) NYMEX crude oil futures contracts. It multiplies this ratio by 100 for clarity and scales fluctuations for enhanced visibility.
Key Features:
Dynamic Ratio Calculation: Computes the ratio (CL1/CL2 * 100) to determine the immediate market state.
Market State Interpretation: A ratio above 100 indicates backwardation, suggesting higher demand than supply, while a ratio below 100 indicates contango, suggesting higher supply than demand.
Volatility Adjustment: Amplifies market state changes by tripling the deviation from the baseline of 100, making it easier to observe subtle shifts.
Anomaly Detection: Caps the adjusted ratio at 125 for highs and 75 for lows, maintaining these limits until the ratio returns to normal levels.
Usage: This indicator is especially useful for traders analyzing supply-demand dynamics and inflationary pressures in the oil market. To apply it, simply add the script to your TradingView chart and adjust the 'Lower Threshold' and 'Upper Threshold' lines as needed based on your trading strategy.
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日本語 : この「Cantom Chart - CL CTG vs BKD」Pine Scriptインジケーターは、直近の原油先物契約がコンタンゴまたはバックワーデーションにあるかを特定するための独自の分析を提供します。最近の（CL1）と次の（CL2）NYMEX原油先物契約間の価格比を使用し、この比率に100を掛けて明確性を高め、変動の視認性を向上させます。
主要機能:
動的比率計算: 市場の即時状態を判断するために比率（CL1/CL2 * 100）を計算します。
市場状態の解釈: 比率が100を超える場合はバックワーデーション（需要が供給を上回る）、100未満の場合はコンタンゴ（供給が需要を上回る）を示します。
変動調整: 基準値100からの偏差を3倍にして、微妙な変化を容易に観察できるようにします。
異常値検出: 調整された比率を高値で125、低値で75に制限し、通常のレベルに戻るまでこれらの限界を維持します。
使用方法: このインジケーターは、原油市場における需給ダイナミクスとインフレ圧力を分析するトレーダーにとって特に有用です。使用するには、このスクリプトをTradingViewチャートに追加し、トレーディング戦略に基づいて「Lower Threshold」と「Upper Threshold」のラインを必要に応じて調整します。
Intraday BUY/SELLBUY & SELL Scalp Signals for Crude Oil Future Contracts (Or it can be used with any scrip with good amount of Volume) based on Sma & RSI overbought/oversold alert (!) for possible reversal indication.
Take Buy position only if candle breaks the high of alert candle & for Sell positions, take position if candle breaks low of the alert candle.
Best to perform with 3 min timeframe on Crude Oil Futures
Oil Pit VWAPOil future traders commonly watch the pit session VWAP (9:00am to 2:30pm). The Oil Pit VWAP indicator overlays the VWAP from 9-2:30 (using hlc3) onto any futures asset, but its probably only useful for oil...
Oil ETF VolumeDirexxion Daily has both 'bear' and 'bull' oil ETFs. This tracks the volume in both combined. It also tracks them individually: the bear ETF is the red line, and bull the green.
NOTE: the color of the volume bars is determined by whatever ticker you're currently looking at, and whether current close is gt/lt previous close. It is intended to be used while looking at the USOIL chart. The colors will be inverted if you're looking at the 'bear' ETF! as the higher closes will actually mean price is going down :D
USO - Adam Smith - Moving Average Cross StrategySimple Moving Average strategy for USO - United States Oil Fund . This strategy can be used on stocks and currencies but will need to tweak frequency on chart and backtest Max Draw Down to Net Profit ratios for maximum dollar gains.
