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LB Squeeze Momentum DivergencesThis study tries to highlight LazyBear Squeeze Momentum divergences as they are defined by TradingLatino TradingView user Squeeze momentum green peaks are connected by a line Associated prices to these green peaks are also connected If both lines have a different slope orientation then there is a divergence. It only shows two last divergence lines and angles. The original chart screenshot shows some divergence lines on the top or main chart these were drawn manually because you cannot write to two different charts from the same pine script study (Well, not in August 2020 anyways) It's aimed at BTCUSDT pair and 4h timeframe. HOW IT WORKS Simple geometric mathematics are used to calculate the two lines degrees Then both degrees are compared to show if both lines agree ( // or \\ ) or if they disagree ( /\ or \/ ) SETTINGS (SQZDiver) Show degrees : Show degrees of each Squeeze Momentum Divergence lines to the x-axis. (SQZDiver) Show desviation labels : Whether to show or not desviation labels for the Squeeze Momentum Divergences. (SQZDiver) Show desviation lines : Whether to show or not desviation lines for the Squeeze Momentum Divergences. (ADX) Smoothing (ADX) DI Length (ADX) key level (ADX) Print : Whether to show or not scaled ADX line (SQZMOM) BB Length (SQZMOM) BB MultFactor (SQZMOM) KC Length (SQZMOM) KC MultFactor (SQZMOM) Use TrueRange (KC) (SQZMOM) Print : Whether to show or not Squeeze Momentum indicator. WARNING Some securities and timeframes might output degrees too next to zero. The code might need to be tweaked to meet your needs. USAGE One strategy is to sell when you are in a long entry when you find out that the price slope is upwards ( / ) while the lb smilb slope is downwards: ( \ ) E.g. You will see: / \ on the indicator. Why? Because it might signal you that the price is going to correct downwards soon. FEEDBACK 1 Please let me know if there is any other strategy based on the red side of LB Squeeze Momentum so that I might add support for it in the future. FEEDBACK 2 Calculating degrees in a chart with a different x-axis scale is a nightmare that's why I did not a range settings so that values next to zero are converted into zero and thus showing an horizontal line. Feedback is welcome on this matter. EXTRA 1 If you turn off showing the divergence lines and if you turn off showing the divergence labels you almost get what TradingLatino user uses as its default momentum indicator. EXTRA 2 Optionally this indicator can show you a rescaled ADX (it only works properly on 2020 Bitcoin charts) ABOUT COLOURS TradingLatino user has both dark green and light green inverted compared to this LB SQZMOM chart. CREDITS I have reused and adapted some code from 'Squeeze Momentum Indicator' study which it's from TradingView LazyBear user. I have reused and adapted some code from 'Directional Movement Index + ADX & Keylevel Support' study which it's from TradingView console user.
Wskaźnik Pine Script™
od ruckard
19
Bull vs Bear Power by DGTElder-Ray Bear and Bull Power Dr. Alexander Elder cleverly named his first indicator Elder-Ray because of its function, which is designed to see through the market like an X-ray machine. Developed in 1989, the Elder-Ray indicator can be applied to the chart of any security and helps traders determine the strength of competing groups of bulls and bears by gazing under the surface of the markets for data that may not immediately be ascertainable from a superficial glance at prices The Elder-Ray indicator is comprised by three elements – Bear Power, Bull Power and a 13-period Exponential Moving Average. As the high price of any candle shows the maximum power of buyers and the low price of any candle shows the maximum power of sellers, Elder uses the 13-period EMA in order to present the average consensus of price value. Bull power shows whether buyers are capable of pushing prices above the average consensus of value. Bear power shows whether sellers are capable of pushing prices below the average consensus of value. Mathematically, Bull power is the result of subtracting the 13-period EMA from the high price of the day, and Bear power is the result of subtracting the 13-period EMA from the low price of the day. What does this study implements Attempts to customize interpretation of Alexander Elder's Elder-Ray Indicator (Bull and Bear Power) by • adding additional insights to support/confirm Elder’s strategy with different indicators related with the Elder’s concept • providing different options of visualization of the indicator • providing smoothing capability Other Indicators to support/confirm Elder-Ray Indicator: Colored Directional Movement Index (CDMI) , a custom interpretation of J. Welles Wilder’s Directional Movement Index (DMI) , where : DMI is a collection of three separate indicators ( ADX , +DI , -DI ) combined into one and measures the trend’s strength as well as its direction CDMI is a custom interpretation of DMI which presents ( ADX , +DI , -DI ) with a color scale - representing the trend’s strength, color density - representing momentum/slope of the trend’s strength, and triangle up/down shapes - representing the trend’s direction. CDMI provides all the information in a single line with colored triangle shapes plotted on the top. DMI can provide quality information and even trading signals but it is not an easy indicator to master, whereus CDMI simplifies its usage. Alexander Elder considers the slope of the EMA, which gives insight into the recent trend whether is up or down, and CDMI adds additional insight of verifying/confirming the trend as well as its strength Note : educational content of how to read CDMI can be found in ideas section named as “Colored Directional Movement Index” different usages of CDMI can be observed with studies “Candlestick Patterns in Context by DGT", “Ichimoku Colored SuperTrend + Colored DMI by DGT”, “Colored Directional Movement and Bollinger Band's Cloud by DGT”, and “Technical Analyst by DGT” Price Convergence/Divergence , if we pay attention to mathematical formulations of bull power, bear power and price convergence/divergence (also can be expressed as price distance to its ma) we would clearly observe that price convergence/divergence is in fact the result of how the market performed based on the fact that we assume 13-period EMA is consensus of price value. Then, we may assume that the price convergence/divergence crosses of bull power, or bear power, or sum of bull and bear power could be considered as potential trading signals Additionally, price convergence/divergence visualizes the belief that prices high above the moving average or low below it are likely to be remedied in the future by a reverse price movement Alternatively, Least Squares Moving Average of Price Convergence/Divergence (also known as Linear Regression Curve) can be plotted instead of Price Convergence/Divergence which can be considered as a smoothed version of Price Convergence/Divergence Note : different usages of Price Convergence/Divergence can be observed with studies “Trading Psychology - Fear & Greed Index by DGT”, “Price Distance to its MA by DGT”, “P-MACD by DGT”, where “Price Distance to its MA by DGT” can also be considered as educational content which includes an article of a research carried on the topic Options of Visualization Bull and Bear Power plotted as two separate • histograms • lines • bands Sum of Bull and Bear Power plotted as single • histogram • line • band Others Price Convergence/Divergence displayed as Line CDMI is displayed as single colored line of triangle shapes, where triangle shapes displays direction of the trend (triangle up represents bull and triangle down represent bear), colors of CDMI displays the strength of the trend (green – strong bullish, red – strong bearish, gray – no trend, yellow – week trend) In general with this study, color densities also have a meaning and aims to displays if the value of the indicator is falling or growing, darker colors displays more intense move comparing to light one Note : band's upper and lower levels are calculated by using standard deviation build-in function with multiply factor of 0.236 Fibonacci’s ratio (just a number for our case, no any meaning) Smoothing No smoothing is applied by default but the capability is added in case Price Convergence/Divergence Line is assumed to be used as a signal line it will be worth smoothing the bear, bull or sum of bear and bull power indicators Interpreting Elder-Ray Indicator, according to Dr. Alexander Elder Bull Power should remain positive in normal circumstances, while Bear Power should remain negative in normal circumstances. In case the Bull Power indicator enters into negative territory, this implies that sellers have overcome buyers and control the market. In case the Bear Power indicator enters into positive territory, this indicates that buyers have overcome sellers and control the market. A trader should not go long at times when the Bear Power indicator is positive and he/she should not go short at times when the Bull Power indicator is negative. 13-period EMAs slope can be used in order to identify the direction of the major trend. According to Elder, the most reliable buy signals are generated, when there is a bullish divergence between the Bear Power indicator and the price (Bear Power forms higher lows, while the market forms lower lows). The most reliable sell signals are generated, when there is a bearish divergence between the Bull Power indicator and the price (Bull Power forms lower highs, while the market forms higher highs). There are four basic conditions, required to go long or short, with the use of the Elder-Ray method alone. In order to go long: 1. The market is in a bull trend, as indicated by the 13-period EMA 2. Bear Power is in negative territory, but increasing 3. The most recent Bull Power top is higher than its prior top 4. Bear Power is going up from a bullish divergence The last two conditions are optional that fine-tune the buying decision In order to go short: 1. The market is in a bear trend, as indicated by the 13-period EMA 2. Bull Power is in positive territory, but falling 3. The most recent Bear Power bottom is lower than its prior bottom 4. Bull Power is falling from a bearish divergence The last two conditions are optional, they provide a stronger signal for shorting but they are not absolutely essential If a trader is willing to add to his/her position, he/she needs to: 1. add to his/her long position, when the Bear Power falls below zero and then climbs back into positive territory 2. add to his/her short position, when the Bull Power increases above zero and then drops back into negative territory. note : terminology of the definitions used herein are as per TV dictionary Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely Disclaimer : The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
Wskaźnik Pine Script™
od dgtrd
54
Trading Psychology - Fear & Greed Index by DGTPsychology of a Market Cycle - Where are we in the cycle? Before proceeding with the question "where", let's first have a quick look at "What is market psychology?" Market psychology is the idea that the movements of a market reflect the emotional state of its participants. It is one of the main topics of behavioral economics - an interdisciplinary field that investigates the various factors that precede economic decisions. Many believe that emotions are the main driving force behind the shifts of financial markets and that the overall fluctuating investor sentiment is what creates the so-called psychological market cycles - which is also dynamic.  Stages of Investor Emotions: * Optimism  – A positive outlook encourages us about the future, leading us to buy stocks. * Excitement  – Having seen some of our initial ideas work, we begin considering what our market success could allow us to accomplish. * Thrill  – At this point we investors cannot believe our success and begin to comment on how smart we are. * Euphoria  – This marks the point of maximum financial risk. Having seen every decision result in quick, easy profits, we begin to ignore risk and expect every trade to become profitable. * Anxiety  – For the first time the market moves against us. Having never stared at unrealized losses, we tell ourselves we are long-term investors and that all our ideas will eventually work. * Denial  – When markets have not rebounded, yet we do not know how to respond, we begin denying either that we made poor choices or that things will not improve shortly. * Fear  – The market realities become confusing. We believe the stocks we own will never move in our favor. * Desperation  – Not knowing how to act, we grasp at any idea that will allow us to get back to breakeven. * Panic  – Having exhausted all ideas, we are at a loss for what to do next. * Capitulation  – Deciding our portfolio will never increase again, we sell all our stocks to avoid any future losses. * Despondency  – After exiting the markets we do not want to buy stocks ever again. This often marks the moment of greatest financial opportunity. * Depression  – Not knowing how we could be so foolish, we are left trying to understand our actions. * Hope  – Eventually we return to the realization that markets move in cycles, and we begin looking for our next opportunity. * Relief  – Having bought a stock that turned profitable, we renew our faith that there is a future in investing. It's hard to predict with certainty where we exactly are in the market cycle, we can only make an educated guess as to the rough stage based on data available. And here comes the study "Trading Psychology - Fear & Greed Index"    Factors taken into account in this study include:  1-Price Momentum : Price Divergence/Convergence versus its Slow Moving Average 2-Strenght :   Rate of Return (RoR) also called Return on Investment (ROI) is a performance measure used to evaluate the efficiency of an investment, net gain or loss of an investment over a specified time period, the rate of change in price movement over a period of time to help investors determine the strength 3-Money Flow : Chaikin Money Flow (CMF) is a technical analysis indicator used to measure Money Flow Volume over a set period of time. CMF can be used as a way to further quantify changes in buying and selling pressure and can help to anticipate future changes and therefore trading opportunities. CMF calculations is based on Accumulation/Distribution 4-Market Volatility : CBOE Volatility Index (VIX), the Volatility Index, or VIX, is a real-time market index that represents the market's expectation of 30-day forward-looking volatility. Derived from the price inputs of the S&P 500 index options, it provides a measure of market risk and investors' sentiments. It is also known by other names like "Fear Gauge" or "Fear Index." Investors, research analysts and portfolio managers look to VIX values as a way to measure market risk, fear and stress before they take investment decisions 5-Safe Haven Demand : in this study GOLD demand is assumed  What to look for : *Fear and Greed Index as explained above, *Divergencies  Tool tip of the label displayed provides details of references Conclusion: As investors, we always get caught up in the day to day price movements, and lose sight of the bigger picture. The biggest crashes happen not when investors are cautious and fearful, it's when they're euphoric and expecting financial instruments to continue going higher. So as we continue investing, don’t forget to stop and ask yourself, where in the chart do you think we are right now? The Market Psychology Cycle shines light on how emotions evolve, fear and greed index can come in handy, provided that it is not the only tool used to make investment decisions. It is easy to look back at market cycles and recognize how the overall psychology changed. Analyzing previous data makes it obvious what actions and decisions would have been the most profitable. However, it is much harder to understand how the market is changing as it goes - and even harder to predict what comes next. Many investors use technical analysis (TA) to attempt to anticipate where the market is likely to go. Investors are advised to keep tabs on fear for potential buying the dips opportunities and view periods of greed as a potential indicator that financial instruments might be overvalued. Warren Buffett's quote, buy when others are fearful, and sell when others are greedy Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely Disclaimer : The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
Wskaźnik Pine Script™
od dgtrd
84
WaveTrend Momentum (Expo)WaveTrend Momentum (Expo) is a fast-moving, sensitive oscillator with a momentum layer that reacts quickly to price changes. The indicator displays how strong the current price move is and where momentum starts and stalls. The indicator has inbuilt suggested exit points. The height of the histogram represents how strong the current price move is. The momentum is visualized with bold circles- and darker histogram colors. The suggested exit point is visualized with a circle. DIVERGENCES All types of momentum oscillator indicators produce divergences and so does WaveTrend Momentum (Expo) . Divergences occur when the oscillator deviates from the trending price action. Bullish divergence is then when the trending price makes a lower low but the oscillator makes a higher low. Bearish divergence is then when the trending price makes a higher high but the oscillator makes a lower high. The indicator can be used standalone or as a part of your current trading strategy. HOW TO USE 1. Use the indicator to identify potential turning points. 2. Use the indicator to identify where momentum starts and stalls. 3. Use the indicator to identify the direction of the trend. 4. Use the indicator to find divergences. 5. Use the indicator to identify potential exits. INDICATOR IN ACTION Weekly chart Works on any market I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks! I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments! ACCESS THE INDICATOR • Contact me on TradingView or use the links below ----------------- Disclaimer Copyright by Zeiierman. The information contained in my scripts/indicators/ideas 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, 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 are only for educational purposes!
Wskaźnik Pine Script™
od Zeiierman
21
Divergence Sniper (Acc/Dist/Vol/MF @iam516)Volume + Money Flow + Accumulation Distribution Divergence Formula 1. Layer on top of price 2. Disable 'Hide Pivots' 3. Use Blue stripes (pivots) to identify areas of reversals. These are combined vol/mf/acc/dist divergences and points of exhaustion for either side. When the peaks are at the top, a blue pivot would indicate overbought, at the bottom oversold. Green and Red stripes indicate areas of confirmed divergences / main areas of pivots, however, the blue stripes are more precise for scalping and work near perfectly. In strong trends, sometimes you will get 2 or even 3 pivots in a row before the price reverses, so I wouldn't suggest using the very first availble pivot to enter a position in a strong trend. In accumulative/range type scenarios, 1st blue pivots usually give you the perfect entry. In strong trend / impulsive move scenarios, I would wait for either a 2-drive or a 3-drive divergence (2nd or 3rd blue stripe to appear) to snipe an entry. 4. I suggest enabling all kinds of custom time frames: 1,2,3,4,5,6,7,8,9,10 minutes, 15 minutes, 20 minutes, 25 minutes. For medium time frames, I suggest adding 4 hours, 6 hours, 8 hours, 10 hours. For high time frames, add 4 day, 5 day, 6 day. For anything above, add 2 months and 5 months besides monthly and quarterly. 5. Default colors of peaks are green, you can customize them to make them match your chart's color scheme. I prefer light grey on top of black. Good luck, let me know if you have any questions
Wskaźnik Pine Script™
od iam516
4
[astropark] MFI divergencesDear Followers, today a new great Scalper Tool , based on a custom version of Money Flow (MFI) oscillator, which works on both Candlesticks, Heiking Ashi and Renko charts , from 1 second Renko chart and above (on non Renko charts, the higher, the better of course!), both on FOREX, Cryptocurrencies, Stocks and Commodities! This tool has some cool features: it works on all timeframes , on both Renko, Heikin Ashi and Candlesticks chart it shows you both bullish and bearish divergences with a triangle up or down respectively when it finds a strong bullish/bearish divergence , a flag will be displayed instead of a triangle it shows you both hidden bullish and bearish divergences with a label "hid" This script will let you set all notifications you may need in order to be alerted on each triggered divergence. You may like to use it together with my Renko OBV Divergences indicator (which works on Candlesticks and Heiking Ashi too) and my Renko RSI Divergences indicator (which works on Candlesticks and Heiking Ashi too) On Bitmex/ByBit/Binance Bitcoin/USD chart best Renko settings is Traditional Renko chart with 11$ box size, while 0.5$ box size is suggested on Ethereum/USD pair. This is a premium indicator , so send me a private message in order to get access to this script.
Wskaźnik Pine Script™
od astropark
1
Convergence/divergence indicatorConvergence/divergence indicator (CDI) Class : arbitrage oscillator Trading type : intraday trading Time frame : 1 hour Purpose : trading on divergence Level of aggressiveness : standard Arbitrage - several logically related transactions aimed at profit from the difference in prices for the same or related assets at the same time in different markets. Pair trading is a trading strategy based on trading a pair of financial instruments that have some fundamental or statistical relationship, expressed in the fact that the price ratio of these instruments tends to return to a certain average value in the long term. “Convergence/divergence indicator (CDI)” using correlation analysis from different time frames provides information about statistical relationship between pair of assets. Correaltion - a statistical relationship between two variables, showing that a larger value (in the case of positive, direct correlation) or a smaller (in the case of negative, inverse correlation) corresponds to a larger value of one value in a certain part of the cases. The correlation coefficient is a statistical measure of the strength of the relationship between the relative movements of two variables. The values range between -1.0 and 1.0. A correlation of -1.0 shows a perfect negative correlation, while a correlation of 1.0 shows a perfect positive correlation. A correlation of 0.0 shows no linear relationship between the movement of the two variables. “Convergence/divergence indicator (CDI)” a) allows to find assets where pair arbitrage is possible and determines the moments in time and prices when the conditions for pair arbitrage are ideal. “Convergence/divergence indicator (CDI)” evaluates the statistical relationship between pair of assets in a particular period of time and, if it is available, seeks for the divergence in price fluctuations of these “identical” assets. “Convergence/divergence indicator (CDI)” displays the current value and dynamics of the Pearson correlation coefficient for a pair of selected assets based on daily (thick blue line) and hourly (thin red line) data. Basic parameters: - asset 1 (name of the trading instrument 1); - asset 2 (name of the trading instrument 2); - period_d (number of periods used to calculate daily correlation). - period_h (number of periods used to calculate hourly correlation). To gain the access to this indicator, please, send a private message to Trade24Fx.
Wskaźnik Pine Script™
od Trade24Fx
41
LuxAlgo® - Oscillator Matrix™Oscillator Matrix™ is an all-in-one indicator that incorporates 6+ unique components designed for interoperability & confluence with one another to provide a powerful trend following & reversal detection experience. Users can create various ways to utilize the indicator's features together such as looking for excess money flowing into the market alongside strong reversal signals appearing or getting real-time divergence signals alongside a lack of money flowing into the market to predict upcoming trends. This indicator is described as an 'Oscillator Matrix' as it's made up of many different components that can create a systematic approach to analyzing markets alone, however, the indicator also can serve as a great secondary piece to a user's primary analysis with or without our other LuxAlgo Premium indicators. 🔶 FEATURES Below we describe each component of Oscillator Matrix™ in order of each's significance for the most confluent analysis possible. Money Flow - Easily see the amount of buying or selling liquidity entering the market by analyzing the green & red waves and how they react with their thresholds to achieve further insight. Best to analyze first before considering any signals the indicator can generate. Thresholds - Dynamic levels that align above/below the Money Flow to show at which level significant buying or selling is actually taking place. Overflow - Small lighter waves that occur within the Money Flow's display when excess buying or selling activity is occurring to accurately predict upcoming reversals. Hyper Wave - An oscillator ribbon in green/grey that provides highly reactive trend following signals & powerful divergence detection. Real-Time Divergences - Real-time divergence labels that appear on the Hyper Wave oscillator's adaptive ribbon. A highly effective approach to a concept that's not typically done for oscillators. Users can also increase the sensitivity of divergences within the settings. Reversal Signals - Small dots on the upper or lower boundaries represent high frequency points that indicate possible reversals or a warning signal to upcoming larger reversal signals which are indicated separately by the large triangular arrows on the top & bottom of the indicator's panel. Confluence Zones - Allows the Money Flow & Hyper Wave oscillator to be used together to display easily interpretable shades of bullish & bearish activity. Brighter, more vibrant colors indicate strong bullish or bearish confluence between these 2 features. Confluence Meter - An optional display at the current bar to easily find the current level of confluence between all features within Oscillator Matrix™ indicated by the arrow pointing to bullish or bearish levels. (Disabled by default) Generally, we recommend using these features in order from first to last, whereas analyzing components of the Smart Money Flow category prior to considering other features in your analysis is most productive to ensure you find proper confluence alongside any signal that is generated. 🔶 USAGE In the image below, we can see 5 points of interest to a user analyzing Oscillator Matrix™ based on various different behaviors. Point 1 : Here we can see a large reversal signal arrow at the bottom of the panel. These signals, like all signals in LuxAlgo Premium & any indicator in general are not meant to be used as buy/sell signals themselves. What makes this signal particularly more of interest opposed to other reversal signals that may not play out right away is the Money Flow that corresponding as weak. We can tell the Money Flow is weak because it is not near the red threshold level. This indicates to us that there is not real selling pressure occurring and that the market could easily reverse in these conditions. Point 2 : In this specific area we can notice the Money Flow in green is moving upwards alongside the green threshold level. This combination indicates a high probability there is a lot of real buying volume coming into the market, opposed to the previous example (point 1) where the Money Flow was not near the threshold level. We can also notice the Hyper Wave Oscillator is printing a green dot while above the 50 value on Oscillator Matrix™ panel, further indicating a likely bullish impulse to come. Point 3 : There are multiple indications here showing us the market may potentially be reversing. The most notable being the larger red reversal arrow, however, as we mentioned previously these cannot be used by themselves. A further indication is that on the Money Flow we can see Overflow has occurred by the lighter small wave that has appeared & is now turning downwards. This indicates that an excess of buyers have come into the market & are likely to be washed out with a move to the downside. We can see this happen once again about 8 candles later paired with a high frequency reversal signal (red dot) which marked a local high before the larger impulse down. Point 4 : You can notice during the recent 25 or so candles the high frequency reversal points (green & red dots) have been highly effective for indicating potential local highs & lows in real-time. There was a previous real-time bullish divergence detected while Money Flow was strongly in the red and this did indicate a small move upwards, however, with the Money Flow still holding in the red, another high frequency reversal dot, and then as the Money Flow begins to decrease further, we see a clean local top detected here at point 4. Point 5 : As the lower Confluence Zone moved into the bright red, we saw a large move to the downside and a large bullish reversal signal printed in real-time as well. Just like point 1, we have a very clear indication the selling has stopped as we further analyze the Money Flow is nowhere near it's true Activity Line. This analysis combined gave us a further indication of a larger reversal which played out with no lag at all as all reversal signals are fully predictive separate from the Hyper Wave oscillator itself, which can be used as a further trend following approach alongside signals & money flow. 🔶 NAVIGATING MARKET CONDITIONS In the image above we can see another example with 6 new points of interest marked in green & red shaded areas, all accompanied by a list of possible interpretations of the indicator. The importance of this usage example is to demonstrate the ability to focus on certain components of the indicator during specific market conditions. For any indicator attempting to catch reversals, trending market conditions will be a detriment to its usability. The same amount of the components within Oscillator Matrix™ will support trending market conditions as there are components to support ranging market conditions. The indicator further aims to provide clear abilities to detect when the market is likely trending or ranging. With an understanding of the components within the Smart Money Flow section particularly such as the Overflow & Thresholds, it's possible to develop a more significant understanding of when to consider the market is trending vs when to consider the market may be ranging. By doing this, we can potentially determine at certain points when to 'filter out' reversal signals or to just consider them merely indications of local tops/bottoms opposed to significant tops/bottoms. Analyzing a significant Overflow particularly is useful to consider a trend potentially coming to an end. For example, at point 5 in the image above we had a clear downtrend only until there was a very considerable amount of Overflow that begun a real reversal. We recommend studying the outlined chart above & the list of indications at each shaded area to develop a deep understanding of how to navigate varying market conditions & spot various points of confluence during reversals. 🔶 CONCLUSION & ACCESS This indicator is an extremely comprehensive approach to an oscillator that allows users to further develop a systematic approach to trading and can be paired great alongside other forms of technical analysis such as our LuxAlgo Signals & Overlays indicator. Although we believe this indicator to be useful, it's critical to understand that past performance is not necessarily indicative of future results and there are many more factors that go into being a profitable trader. You can see the Author's instructions below to get instant access to Oscillator Matrix™ & our LuxAlgo Premium suite.
Wskaźnik Pine Script™
od LuxAlgo
115
Mawreez' RSI Divergence DetectorThe idea behind this indicator is to have an expression for the amount of divergence on a given chart at every point in time . To achieve this, it adds up the magnitudes any valid divergence of any kind; bullish, bearish or their hidden variants. Where a valid divergence consists of a line on the source series (almost always the closing price), and a line on an oscillator (here: the RSI). The slopes of said lines must have opposite signs, that is to say, one line must be sloping up while the other slopes down. Said lines may not cross their respective series. The length of the RSI is configurable (default length: 14). The lengths of the divergences are configurable (default: minimum length 3 and maximum length 28 - the latter being twice the default length of the RSI). This indicator will detect divergences which are still building up. Be duly warned: upcoming divergences may still get invalidated. Another case that one should be very mindful of is that an upcoming divergence may still increase in magnitude before it plays out. Possibly over several more timesteps, there may even be entire additional drives. The value of this indicator indeed reflects the magnitude of divergence on a chart. However, there is no reason to think the magnitude of a divergence affects the likelihood of said divergence playing out. The color of the indicator indicates the kind of divergence. The default colors are green for bullish divergence, maroon (dark red) for bearish divergence, lime/light green for hidden bullish divergence, dark pink for hidden bearish divergence. Please let me know if you would like to see a version of this indicator that plots both the RSI and this histogram. I will do this for personal use, but I am being a bit of a purist with this publication. In fact, please don't hesitate to make any comment or to give any kind of suggestion.
Wskaźnik Pine Script™
od Mawreez
5
SPX-VIX Intraday DivergenceAs a long-term buyer/short-seller, you will always find different ways to enter the market , moving average crossovers, breakouts , overbought/oversold conditions being some of the classy methods. However, they are decreasingly effective... 😢 Recently I have realized that analysis beyond the technical indicators will bring trading to the next level because I will be able to confirm my trading signals without relying too much on basic price actions and patterns which are easily manipulated by big banks and institutions. 👍 Today I will introduce you to my divergence indicator making use of SPX and VIX. Unlike MacD or RSI divegence , which would involve normative judgement , it will take account of the unusual move by SPX alongwith the VIX , to the exploit chances that options market, where most experienced investors participated in has a preceding insight into the equity market about the upcoming moves. I have divided signals into two groups. Bullish divergence - SPX Down , VIX also Down 👇 Bearish divergence - SPX Up , VIX also Up 👆 I hope this script will enable us to take advantage of the options market activities , to provide a REAL divergence signal, and be used coupled with our own chart patterns or other price signals, and more importantly to score more and more winning trades!!! If you want more useful scripts from me, please like and share my posts. And don't forget to follow my account to grab the latest ideas and tools! 😘
Wskaźnik Pine Script™
od lonelygrass
6
BKN DivergencesThis divergence script is unique in that it is not linked to any one indicator. When you first add the indicator to your chart you'll notice that no plots show up. First, add an indicator, moving average, volume, or other tool to your chart. Open the Divergence indicator settings and select the source you want to use to detect divergences. Your options for this selection are pretty limitless. Just about any tool that can be added to your chart can be selected as the source for detecting divergences. You'll be able to set alerts for hidden or regular divergences, both bearish and bullish in nature. ***IMPORTANT*** Please don't comment below to request access to this indicator. All access requests should be sent via direct message here or on my linked Twitter account.
Wskaźnik Pine Script™
od ThePuma
4
Negative Volume Disparity IndicatorThe Negative Volume Disparity Indicator was created by Phillip C. Holt (Stocks & Commodities V. 14:6 (265-269)). This converts the classic Negative Volume indicator into Bollinger Bands and calculates the percentage of where the value lies within the Bollinger Bands. Buy when the nvdi rises above its signal line and sell when it falls below the signal line. The OBVDI was a special request so I figured I would add this one as well. Let me know what other indicators you would like me to write scripts for!
Wskaźnik Pine Script™
od cheatcountry
[Zekis]RSI Linear RegressionA very useful combination between RSI and linear regression that shows a clear trend. It is not recommended to be used for entry/exit points as it is. It's very powerful for trend analysis and divergences. Linear regression is a tool for statistical analysis that attempts to show a relationship between two variables. Linear regression looks at various data points and plots a trend line. Linear regression can create a predictive model showing trends of data. Can be used with any time frame, mtf is also added Alerts are added for RSI crossing the channel lines
Wskaźnik Pine Script™
od edward_Z
4
Divergence FinderHello Fellow Traders! Divergence Finder is a custom script built upon request from a PRO user to help find Divergences & Hidden Divergences using OBVM & Fractal Levels of Support and Resistance along with visuals and alerts. This script also only looks at the divergences that happen with the greater macro trend, meaning price is trending above the 200 EMA of the current period. Features ---------------------- Custom Alerts are built into the script for manual or automatic trading. Multiple MA's to show overall trend and EMA supports for manual traders Custom icons to indicate BULL, BEAR, HIDDEN BEAR, HIDDEN BULL --> the ghost emoji means hidden Alerts Added for every point Visual Entry & Exit Points for each level Visual Trend Bands You can get access to any of my scripts by visiting my website below , all links are down below in my signature!
Wskaźnik Pine Script™
od Crypto_Gnome
8
Divergence Histogram for Many IndicatorHello Traders, This script analyses divergences for 11 predefined indicators and then draws column on the graph. Red columns for negatif divergence (means prices may go down or trend reversal), Lime columns for positive divergences (means prices may go up or trend reversal) The script uses Pivot Points and on each bar it checks divergence between last Pivot Point and current High/Low and if it finds any divergence then immediately draws column. There is no Latency/Lag. There are predefined 11 indicators in the script, which are RSI , MACD , MACD Histogram, Stochastic , CCI , Momentum, OBV, Diosc, VWMACD, CMF and MFI. Smaller Pivot Point Period check smaller areas and if you use smaller numbers it would be more sensitive and may give alerts very often. So you should set it accordingly. There is "Check Cut-Through in indicators" option, I recomment you to enable it. it checks that there is cut-through in indicators or not, if no cut-through then it's shown as valid divergence. You should see following one as well if you haven't yet: Enjoy!
Wskaźnik Pine Script™
od LonesomeTheBlue
40
™TʀᴀᴅᴇCʜᴀʀᴛɪsᴛ Tʀᴇɴᴅsᴇᴛᴛᴇʀ™TradeChartist Trendsetter is an elegantly designed functional indicator that helps spot price trends based on user input and volatility to generate high probability BUY and SELL signals. 1. What does ™TradeChartist Trendsetter do? Plots high probability BUY/SELL signals based on user input and price volatility. Plots recommended Stop Loss and SOS signals. Plots regular RSI divergences based on user input. Plots Linear Regression trend lines based on user input. Displays Trendsetter Dashboard with useful trade information. Displays real time gains tracker. Tracks another symbol on Dashboard based on user input. Alerts when BUY and SELL signals are generated. 2. What markets can this indicator be used on? Forex Stocks - Signal prices calculated taking gaps into account. Commodities Cryptocurrencies and almost any asset on Trading View. Works really well when there is good volume, volatility or both in the asset traded/observed. 3. Do the indicator signals repaint? No. Once the BUY and SELL signals are generated with entry price (open price of signal candle), there is no repainting. This can be verified using Trading View Bar Replay to check if the signals stay in the same candle in real-time as the Bar Replay. 4. Does the indicator send alerts when a signal is generated? Yes. Traders can get alerts by setting up Trading View alerts for BUY/SELL signals. For confirmed BUY/SELL alerts, 'Once Per Bar' must be used as there is no need to wait for the candle close. Example Charts GBP-USD 1hr chart with indicator plots description GOLD 4hr chart using Daily HTF resolution from indicator settings. SPX 15m chart using Daily HTF resolution with RSI divergences. Note: Default settings work really well for most assets and time frames. Change HTF resolution (default 4hr) from indicator settings and make sure it is higher time frame than the chart resolution.
Wskaźnik Pine Script™
od TradeChartist
43