Bias AnalyzerName: Bias Analyzer
Category: Market Analyzer
Timeframe: 1H and 1D, depending on the Analysis type.
Technical Analysis: Usually when we think about a Trading System we start from an idea. This idea comes normally from observation and the study of the market.
Have we ever observed a market - for example Bitcoin - and thought that it increases at the start of a USA session? Great, this is a well-known category of Trading System and the purpose of the Bias Analyzer is to study these phenomena.
There are different types of Trading System that we can classify considering the market in-efficiency that we use to our advantage. In this case we make the Bias. Literally "inclination" or "presupposition" or precisely "tendency" of the price to go up or down in a temporal way.
The characteristics of the Bias depend on how much the Bias is persistent on the market since the analysed period. therefore we can consider:
Hourly Bias : analysing the hourly behaviours during the week. Trades normally last from a few hours to a few days.
Seasonal Bias : analysing the behaviour of the weeks in the monthly or annual context, evaluating the seasons.
Suggested usage: The possibilities of the tool are infinite, these are some scenarios of use:
Development of Intraday Trading Systems based on Hourly Bias with possible filters for specific days of the week.
Development of a Multi-day Trading System based on daily Bias with monthly analysis.
To identify the best day to execute our investment through Dollar Cost Average with a bit of healthy buy the dip
Main features:
Hourly Summary organized in Week
The cells contain the sum of the various price deltas for the single hour. The transparency indicates the frequency in which the candles close positive or negative. This information is available both in a synthetic way, as in the first column "Sum", and for each day of the week.
Hourly Details organized in different entry/exit
Shows the cumulative data of the various deltas, considering the purchase and the sale at certain times. In the rows are represented the buying hours and in the columns the selling hours.
Daily Summary organized in Months
The cells contain the summation of the various price deltas for the single day.
Hourly Details organized in different entry/exit
Allows to visualise the detailed analysis table, choosing to do it for all the months or for a specific month and shows the cumulative data of the various deltas, considering the purchase and the sale in certain days.
Configuration: You can configure the tool easily and completely.
Analysis
Calculate from Close to Open : this is the core of the whole analysis where the "Price Delta" to be calculated is defined. At this moment there is the possibility to calculate the distance between opening and closing.
Calculate in Percent or Cash : this allows to calculate the Price Delta in Percent or in Cash.
Analysis on 1H Timeframe
Show Hourly Summary on : allows to visualise the summary analysis table of the week. The cells contain the sum of the various price deltas for the single hour. The transparency indicates the frequency in which the candles close positive or negative. This information is available both in a synthetic way, as in the first column "Sum", and for each day of the week. At the bottom left there is also data which allows us to understand how many candles are being analysed. At the bottom of each day it is possible to visualise the cumulative data of the day. The position of the table is customizable.
Show Hourly Details of on : allows to visualise the detailed analysis table, choosing to do it for all days or for a specific day, and shows the cumulative data of the various deltas, considering the purchase and the sale at certain times. In the rows are represented the buying hours and in the columns the selling hours. For example, going to the table "All Days" we can see in the cell of row 13 and in column 22 the cumulative data of a possible buy on 13 and a sell at the end of 22. To facilitate the research of the values there is a configurable transparency system.
Analysis on 1D Timeframe
Show Daily Summary on : allows to visualise the summary analysis table of the month. The cells contain the summation of the various price deltas for the single day: The first row is the summation of all days of the month for all months in the analysis period, while the other rows represent the analysis for the various days of the individual months.
Show Daily Details of on : allows to visualise the detailed analysis table, choosing to do it for all the months or for a specific month and shows the cumulative data of the various deltas, considering the purchase and the sale in certain days. In the rows are represented the buying days and in the columns the selling days. For example, going to the table "All Months" we can see in the cell at row 1 and at column 3 the cumulative of a possible purchase on the 1st and the sale on the 3rd. To facilitate the research of the values, there is a configurable transparency system.
Table Layout
Size : allows to define the size of the text in the table.
Precision : it is possible to define the decimal precision of the calculations presented in the tables.
Transparency Factor : allows the application of a multiplication factor when the table calculates the transparency of detail tables.
Colours : allows to specify the colours of Profit, Loss and Neutral, besides to adapt a style coherent with the Dark Mode or Light Mode of Trading View
Volatility Filter
It is possible to directly apply a filter to the time series on which the delta is calculated. The volatility filter uses the ATR - an indicator that allows you to calculate the volatility in a given period. Briefly: the higher the ATR value, the higher the volatility. Therefore the filter works by comparing the volatility on two periods and indicates compression or expansion.
Backtest Dates
In order to facilitate the identification of in-sample and out-of-sample data, as well as the degradation of a given behaviour, it is possible to specify a period in which to do the analysis.
Finder
Price Action Top/BottomThis script is a variation from Auto Fibo retration.
It makrs top and bottom prices. You can use to study the price action.
The user can choose the line color, to show or not, the marks green and red
The user can choose the minimal candles between top and bottom, by default is 17
The deep is the percentage of the diference about the last bottom/top from the previous one.
Customizable Gap Finder++█ OVERVIEW
Customizable Gap Finder by ProfessorZoom with a partial close of a gap
█ CONCEPTS
1 — Gaps bullish or bearish
2 — Gaps can be filled
3 — Gaps can be partially close
4 — Some display options
█ OTHER SECTIONS
Thanks to The rational investor for teaching me this and ProfessorZoom because he writes 99% of the script.
Did you know the percentage of gaps filled ? If not, I recommand you to follow his courses, and I have no conflicts of interest.
Relative Strength ComparisonThis script plots the ratio between a ticker and the selected index. Currently, I have US equities indexes listed + BTC. It's a great way to check for relative strength, determine if absolute highs relative to the ratio are being made, etc.
Additionally, optional comparison of the RSI is included. I was just testing something out but figured I'd leave in here because why not. If you use this, enable the 1.0 line.
Script is a bit slow, will try to optimize eventually.
Buy and Hold entry finderHello everyone!
This is a indicator based on the MACD and the distance between the current price and the Exponential moving Average .
The signal gets triggered if the current MACD (with default settings) is under 0 and the Distance from the Ema gets smaller if under ema or gets bigger if over ema . In edition you can set a max distance from the ema .
This indicator was invented for buy and hold strategy s only.
I invented this indicator to find better entrys for my saving plans on the MSCI WORLD AND MSCI EMERGING MARKETS ETF on the 1 day timeframe.
Instead of investing every month, i only invest on the green Arrow Signal.
For example, lets say there is no buy signal for 3 months, then i invest the summary of the three months on the buy signal.
Tweezer Scanner v1Some code for detecting tweezer candles, which are reversal patterns. You'll need to tweak the settings to be either less strict (more detections) or more strict (less detections). I found that if you follow the documentation for tweezers exactly, you will get very few detections. It is possible that this candlestick has become overused, so the original pattern itself has been lost to the noise of the market.
Settings:
1. Tweezer Max Body Height (Pips) - How tall can the body of the tweezer be, in pips (increase this pips to increase detections)
2. Tweezer Body Similarity (>%) - How similar should the body heights be, higher percentage is more similar (reduce this % to increase detections)
3. Tweezer Tail Similarity (>%) - How similar should the tail heights be, higher percentage is more similar (reduce this % to increase detections)
4. Tweezer Tail Proportion (<%) - How short should the opposite tail heights be, lower percentage is shorter and more similar to the documentation (increase this % to increase detections)
Doji Scanner v1A scanner for detecting Doji Candles.
Adjust the maximum allowable height of a Doji Candle's body, depending on the currency pair or asset.
