Murreys Math Lines Box OR Ratio PivotsI'm publishing my second script, though nothing extraordinary, I believe there is user group for Murry Math indies and the only "proper one" (According to my usage) I found was of RicardoSantos, here is the link :
He developed that script in 2014 and it is in need of update to Pine V4 and I'm doing the needful as its user.
All the updates from my end are listed below:
1. Updated to Pine V4
2. Automatic octave selection
3. In auto mode one can switch octave
4. This script is color coded with intention of use on dark theme, one can change the colors to use it on white background with simple few clicks as pinelines have been used
Other thing I want to add is that usage of this is not very clear to many users, so I'll do little explaining here;
Lets start with what is Octave? Octave is basically distance between square of two whole numbers, this is hard-fast method to calculate, Murry has made it far more complicated to use practically. In mathematical formula terms it could be something like this for script trading at 11890 (CMP)
Step 1: Square Root of CMP i.e Square Root of 11890 = 109.041 = Rounded to 109
Step 2: You can either take one whole number higher or lower than 109, which is 108 or 110. We will take 108
Step 3: Square of 108 = 11664 and Square of 109 = 11881
Step 4: Octave => Distance between (Lowlevel) 11664 and (Higherlevel) 11881
I've automated it so you don't need to calculate, but there is also manual entry possible if you want to calculate octaves yourself, there are different ways to calculate and some like to just take High and Low's of the day or week or month, whatever you like. When I used it I did it strictly this way, so automation is based on it. This is very subjective matter so don't ask to change the calculation of this, if I started doing that every second person would ask me to modify it to different calculation..and thats...just not possible to do.
This is output for calculation we just did above
This is octave shift option (Which basically shifts to next whole number square in above calculation)
Normal nomenclature on octaves and important color codes
+2/8: Extreme overbought = Blue Color and solid line
+1/8: OverBought
8/8: Hardest line to rise above (overbought) = White Color and solid line
7/8: Fast reverse line (weak)
6/8: Pivot reverse line = Yellow Color and solid line
5/8: Upper trading range
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4/8: Major reversal line = Green Color and solid line
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3/8: Lower trading range
2/8: Pivot reverse line = Blue Color and solid line
1/8: Fast reverse line (weak)
0/8: Hardest line to fall below (oversold) = White Color and solid line
-1/8: Oversold
-2/8: Extreme Oversold = Yellow Color and solid line
Other lines that I've not mentioned color codes for are minor and are usually plotted in dotted format.
Resources on complete technique to trade and importance of levels (highly recommended to read carefully before trading), if you don't know how to get this for free don't worry you can just google Murrey math and you will find it somewhere, its just that it would be in little scattered manner.
www.scribd.com
Enjoy!
Ratio
Call / All Ratio ( C / A ) - NoldoFirst of all this script inspired by MagicEins' Put/Call-Ratio-Buschi script .
What is the Put-Call Ratio
The put-call ratio is an indicator ratio that provides information about relative trading volumes of an underlying security's put options to its call options. The put-call ratio has long been viewed as an indicator of investor sentiment in the markets, where a large proportion of puts to calls indicates bearish sentiment, and vice versa. Technical traders use the put-call ratio as an indicator of performance and as a barometer of overall market sentiment. Put-call ratios on broader indexes such as the S&P 500 are also used as more general gauges of market climate.
Put-Call Ratio Interpretation
One way to interpret the put-call ratio is to say that a higher ratio means it's time to sell and a lower ratio means it's time to buy, because when the ratio is high it suggests that people are either expecting or protecting more readily against a future decline in the price of the underlying. A Put-Call ratio between 0.5 and 1 is considered a sideways trend in the markets.
Some also view the Put-Call ratio as a contrarian indicator. Traders know that derivatives are used to do more than place bets; they are used as hedges and insurance. If there's a lot of insurance being placed to the sell side, it means traders are worried about prices falling.
Some traders buy when the put-call ratio is above 1, meaning the market is out of balance to the sell side, and sell when the put-call ratio is below 1, meaning the market is out of balance to the buy side. These traders are looking to make money on the correction. The interpretation of the ratio is left to the analyst's or trader's investment philosophy.
Reference : Investopedia (www.investopedia.com)
Let' s start.
In short, calls represent "bulls" and puts represent "bears".
Some analysts do the opposite,for trend reversals the choice is up to you.
I usually look at the opposite comments in commercial positions because I look at this flow angle neutral.
If you want to do the opposite, you must create Put / All Ratio.
So i created this ratio to observe easily movements under or over 0.50 area .
Or you can take the point close to 0.50 as a horizontal trend. Many more comments can be made.I have a few ideas about this, and I'm going to publish them soon . My best suggestion is that it covers a single bar and is very volatile, so you can look for averages and strong accelerations.
This code is open source under the MIT license. If you have any improvements or corrections to suggest, please send me a pull request via the github repository github.com
Stay tuned , best regards.
Signal To Noise Ratio IndicatorThis is a trend indicator at its core so combine with rsi or a moving average of your choice to see which direction the stock is trending in.
Only enter a position (long or short) when signal to noise ratio is above the signal line
This is one of my first indicators posted on here so be sure to leave me feedback
Swaps/spot volume ratio [XBT]Inspired by @SimpeLyfe on both tradingview and twitter
Takes BitMex's XBT volume and divides it by a basket of spot exchanges volume to determine a ratio between both of them.
Has options like: Smoothing or no smoothing, Showing individual data points or data points summed up over a specified period.
Open source so enjoy!
Bitcoin Golden RatioGives the top and bottom of the cryptocurrencies cycles.
When DMA111 crosses DMA350*2, the top is in.
Show accumulation phases and resistances with very precise accuracy.
Bitcoin Golden Ratio Fibonacci IndicatorI didn't see this one already it isn't my original idea either. I pulled the formula's from an article on medium, I also added few bear market bottom fib indicators.
Credit to the article I pulled the formula from.
The Golden Ratio Multiplier
Unlocking the mathematically organic nature of Bitcoin adoption
Go to the profile of Philip Swift (@PositiveCrypto)
Philip Swift (@PositiveCrypto)
Jun 17, 2019
By Philip Swift
Release Notes: Fixed spelling error on title, added a couple long and short labels for the top and bottom indicator.
Golden Ratio Fibonacci Multipliers IndicatorBased on "The Golden Ratio Multiplier" article by Philip Swift (@PositiveCrypto) on Medium.
Golden Ratio Fibinnaci IndicatorI didn't see this one already it isn't my original idea either. I pulled the formula's from an article on medium, I also added few bear market bottom fib indicators.
Credit to the article I pulled the formula from.
The Golden Ratio Multiplier
Unlocking the mathematically organic nature of Bitcoin adoption
Go to the profile of Philip Swift (@PositiveCrypto)
Philip Swift (@PositiveCrypto)
Jun 17, 2019
By Philip Swift
Bitfinex Sentiment Index [Long-Short]BSI provides two attractive graphs that breakdown the long (green area) and short (red area) positions ratio for the all Bitfinex margin cryptocurrency pairs only .
It is a quantitative measure of the bullishness or bearishness that can be used as a trading rule or in a trading system entries or exits. Included slow stochastic oscillator.
Put/Call-Ratio-Buschi
English:
This script shows the Put/Call-Ratio as seen on the Cboe-Website: www.cboe.com
A higher Put/Call-Ratio means a higher trading volume of puts compared to calls, which is a sign of a higher need for protection in the market.
For best reflection of the Cboe's data, which is shown in 30 minutes intervals, a 30 min-chart is recommended.
30 min-data as well as end-of-day data are shown.
Deutsch:
Dieses Skript zeigt das Put/Call Ratio, wie es auf der Cboe-Website angegeben ist: www.cboe.com
Ein höheres Put/Call Ratio bedeutet ein höheres Handelsvolumen von Puts gegenüber Calls, was ein Zeichen für Absicherungsbedarf im Markt darstellt.
Um die Cboe-Daten bestmöglich wiederzugeben, die in 30 Minuten-Intervallen herausgegeben werden, wird ein 30 min-Chart empfohlen.
Es werden sowohl die 30-Minuten-Daten als auch die Tagesenddaten angezeigt.
VIX-VXV-Ratio-Buschi
English:
This script shows the ratio between the VIX (implied volatility of SPX options over the next month) and the VXV (implied volatility of SPX options over the next three months). Since in normal "Contango" mode, the VXV should be higher than the VIX, the crossing under 1.0 or maybe 0.95 after a volatility spike could be a sign for a calming market or at least a calming volatility.
Deutsch:
Dieses Skript zeigt das Verhältnis zwischen dem VIX (implizite Volatilität der SPX-Optionen über den nächsten Monat) und dem VXV (implizite Volatilität der SPX-Optionen über die nächsten drei Monate). Da im normalen "Contango"-Modus der VXV höher als der VIX liegen sollte, kann das Abfallen unter 1,0 oder 0,95 nach einer Volatilitätsspitze ein Anzeichen für einen ruhiger werdenden Markt oder zumindest eine ruhiger werdende Volatilität sein.
Symbols PairDraws the ratio between two input symbols.
You might find patterns in the ratio.
# Open Source
The code is open source @ github.com and uses the commonpine library github.com
BTC ETH RatioBTCUSD / ETHUSD Ratio.
You might find patterns when to move from BTC to ETH and vice versa.
# Open Source
The code is open source @ github.com and uses the commonpine library github.com
Mayer MultipleThis indicator was created by Trace Mayer as a way to analyze the price of Bitcoin in a historical context. Consider it as a kind of Volatility Ratio that was created by Jack Schwager for the securities.
To learn more about Mayer Multiple see:
charts.woobull.com
mayermultiple.info
www.theinvestorspodcast.com
Good luck!
Earnings Support and Resistance Levels [NeoButane]Inspired by @LazyBear's/@timwest's script:
Usage: support and resistance levels based on averaging price around earnings and quarterly opens.
What it is plotting:
1. A horizontal level whenever earnings occur. If actual earnings is higher than estimated, the line turns green, else red.
2. A horizontal level every quarterly open, colored black.
3. An average between the two mentioned above, colored orange.
4. 5% moves away from 3M open and earnings
5. Misc: 5% move away from that 5% move away, then 10% move away from the 2nd 5% move away.
By default, 4 and 5 are off to reduce visual noise.
Idea: Traders panic around certain dates that always happen, and traders always panic in the wrong direction. The market is composed of traders trading in the wrong direction at the same time, all the time. That means price will bounce back and forth as the gambling dens colloquially known as 'forex brokerages' or 'stock exchanges' take your money in the form of fees, time, and liquidations. So I put two lines on the chart and put one right in between, because it always goes back. I hope you can find it useful!
Note: This was a part of the old fundamental data indicators and is not officially for use, so while it should work on most U.S. stocks and a couple of other exchanges, it is not perfect.
ATR Ratio vs. BitcoinAverage True Range is used to determine if a ticker's trading range is widening or narrowing, which is helpful for finding the trend or to use as a stop loss. The idea of this indicator is to compare the ATR of altcoins versus bitcoin, since volatility is low.
Bitfinex Long vs Short RatiosWas impressed with the 'Longs vs Shorts Ratio' idea from the tweet below so I coded an indicator, enjoy.
twitter.com
BTC-USD: LONGS, SHORTS & RATIO (Bitfinex)This script allows you
1. to plot the outstanding BTC long (green) and/or short (red) positions
2. to plot an area (blue) corresponding to the ratio between the outstanding long and short positions, shifted and rescaled, such that the zero-line corresponds to the mid-point between the long and short positions: ratio => ratio * mid + mid