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Lysergik's Stochastic SynergyThis indicator shows the average Stochastic RSI output of the 15m, 1h, 2h, 4h, and Daily Stochastic RSI. It will change in its behavior depending on the time-frame you're using, but for many markets it works best on the 30m time-frame and the daily time-frame. It is best used along with Lysergik's Fib Cross, which will allow you to avoid false signals in the stochastic synergy indicator. If your MA cross (50, 200) indicates a direction change opposite of the stochastic RSI synergy indicator then that is a signal to wait for more price action to determine your entry/exit points. Using the Lysergik's Fib Cross, the same applies, but remember that a golden cross (white cross symbol) followed directly by a golden ratio cross (gold cross symbol) is even further indication that the stochastic RSI needs more breathing room before reversing. This indicator is fully adjustable for you to back-test against charts and refine the indicator to your market. The inputs in respective order are as follows: RSI Length, Stoch Length, Smooth K, Smooth D, Upper Limit, Lower Limit, Basis Enjoy and remember only make trades on your own terms. Happy trading/investing! :)
Wskaźnik Pine Script®
od lysergik
1
SynergySynergy This indicator was developed for use in an investigation/tutorial using Pine Script to analyse Gold and US Dollar Index correlation. The first indicator shall measure the percentage change between the open and close of each bar and compare it to the same percentage change of an alternative asset. Additionally, we shall color the background when the two assets move in the same direction. This should allow us to more easily see when the two assets move together and spot trends in their moment. The yellow bars show use the percentage change in the price of gold. The blue bars show the percentage change in the price of the US Dollar index. If the bar is above zero, it means that the asset closed up. Conversely, if it is below zero, it means the asset closed down. Finally, the grey bars show bars in which the two assets closed in the same direction. It can be used in conjunction with a second indicator (to be published soon) that provides statistics generated from this indicator. The full free post can be found here: backtest-rookies.com
Wskaźnik Pine Script®
od BacktestRookies
2
BO Willians EMA'sBo Williams is a North America/Brazilian trader. He created a trading software called PHI CUBE. This ema ratios are very used in Brazil. They a based in the Golden Number PHI. "There is a special ratio that can be used to describe the proportions of everything from nature's smallest building blocks, such as atoms, to the most advanced patterns in the universe, such as unimaginably large celestial bodies. Nature relies on this innate proportion to maintain balance, but the financial markets also seem to conform to this "golden ratio." Here, we take a look at some technical analysis tools that have been developed to take advantage of it. The Mathematics Mathematicians, scientists and naturalists have known this ratio for centuries. It's derived from something known as the Fibonacci sequence, named after its Italian founder, Leonardo Fibonacci (whose birth is assumed to be around 1175 A.D. and death around 1250 A.D.). Each term in this sequence is simply the sum of the two preceding terms (1, 1, 2, 3, 5, 8, 13, etc.). But this sequence is not all that important; rather, it is the quotient of the adjacent terms that possesses an amazing proportion, roughly 1.618, or its inverse 0.618. This proportion is known by many names: the golden ratio, the golden mean, PHI and the divine proportion, among others. So, why is this number so important? Well, almost everything has dimensional properties that adhere to the ratio of 1.618, so it seems to have a fundamental function for the building blocks of nature. " More here www.goldennumber.net
Wskaźnik Pine Script®
od Devulsky
2
IV/HV ratio 1.0 [dime]This script compares the implied volatility to the historic volatility as a ratio. The plot indicates how high the current implied volatility for the next 30 days is relative to the actual volatility realized over the set period. This is most useful for options traders as it may show when the premiums paid on options are over valued relative to the historic risk. The default is set to one year (252 bars) however any number of bars can be set for the lookback period for HV. The default is set to VIX for the IV on SPX or SPY but other CBOE implied volatility indexes may be used. For /CL you have OVX/HV and for /GC you have GVX/HV. Note that the CBOE data for these indexes may be delayed and updated EOD and may not be suitable for intraday information. (Future versions of this script may be developed to provide a realtime intraday study. ) There is a list of many volatility indexes from CBOE listed at: www.cboe.com (Some may not yet be available on Tradingview) RVX Russell 2000 VXN NASDAQ VXO S&P 100 VXD DJIA GVX Gold OVX OIL VIX3M 3-Month VIX6M S&P 500 6-Month VIX1Y 1-Year VXEFA Cboe EFA ETF VXEEM Cboe Emerging Markets ETF VXFXI Cboe China ETF VXEWZ Cboe Brazil ETF VXSLV Cboe Silver ETF VXGDX Cboe Gold Miners ETF VXXLE Cboe Energy Sector ETF EUVIX FX Euro JYVIX FX Yen BPVIX FX British Pound EVZ Cboe EuroCurrency ETF Volatility Index Amazon VXAZN Apple VXAPL Goldman Sachs VXGS Google VXGOG IBM VXIBM
Wskaźnik Pine Script®
od dime
2
Line Break StrategyLine Break Strategy Entry rule: Long on a bullish line and short on a bearish line. Backtest: Profit factors are shown below for three-line break. Daily time frame, FXCM broker. EURUSD: 1.267, USDJPY: 1.039, GBPUSD: -0.816, AUDUSD: -0.959 S&P500: -0.783, Nikkei225: 1.099 CrudeOil: 1.03, Gold: 1.196 BTCUSD: -0.883 Reference: Steve Nison, Beyond Candlesticks - New Japanese Charting Techniques Revealed Note: This strategy doesn't work properly on the linebreak chart. A good example is shown below. The entry prices are not always correct. If you have signal, but the next candle moves in the opposite direction, the entry price is drawn at the Open of the new candle instead of the Close of the previous candle. The results of backtest are unreliable due to this reason.
Strategia Pine Script®
od Mizuki32
7
EMA & SMA with FRACTAL DEVIATION BANDS by @XeL_ArjonaEMA & SMA with FRACTAL DEVIATION BANDS Ver. 1.0.25.08.2015 By Ricardo M Arjona @XeL_Arjona DISCLAIMER: DISCLAIMER: The Following indicator/code IS NOT intended to be a formal investment advice or recommendation by the author, nor should be construed as such. Users will be fully responsible by their use regarding their own trading vehicles/assets. The embedded code and ideas within this work are FREELY AND PUBLICLY available on the Web for NON LUCRATIVE ACTIVITIES and must remain as is. WHAT IS THIS? This is the adaptation of the FRACTAL DEVIATION BANDS to be used on Traditional Moving Averages (Simple & Exponential). ALL NEW IDEAS OR MODIFICATIONS to these indicator(s) are Welcome in favor to deploy a better and more accurate readings. I will be very glad to be notified at Twitter or TradingVew accounts at: @XeL_Arjona Any important addition to this work MUST REMAIN PUBLIC by means of CreativeCommons CC & TradingView. 2015
Wskaźnik Pine Script®
od xel_arjona
1
Acc/Dist. Cloud with Fractal Deviation Bands by @XeL_ArjonaACCUMULATION / DISTRIBUTION CLOUD with MORPHIC DEVIATION BANDS Ver. 2.0.beta.23:08:2015 by Ricardo M. Arjona @XeL_Arjona DISCLAIMER The Following indicator/code IS NOT intended to be a formal investment advice or recommendation by the author, nor should be construed as such. Users will be fully responsible by their use regarding their own trading vehicles/assets. The embedded code and ideas within this work are FREELY AND PUBLICLY available on the Web for NON LUCRATIVE ACTIVITIES and must remain as is. Pine Script code MOD's and adaptations by @XeL_Arjona with special mention in regard of: Buy (Bull) and Sell (Bear) "Power Balance Algorithm by Vadim Gimelfarb published at Stocks & Commodities V. 21:10 (68-72). Custom Weighting Coefficient for Exponential Moving Average (nEMA) adaptation work by @XeL_Arjona with contribution help from @RicardoSantos at TradingView @pinescript chat room. Morphic Numbers (PHI & Plastic) Pine Script adaptation from it's algebraic generation formulas by @XeL_Arjona Fractal Deviation Bands idea by @XeL_Arjona CHANGE LOG: ACCUMULATION / DISTRIBUTION CLOUD: I decided to change it's name from the Buy to Sell Pressure. The code is essentially the same as older versions and they are the center core (VORTEX?) of all derived New stuff which are: MORPHIC NUMBERS: The "Golden Ratio" expressed by the result of the constant "PHI" and the newer and same in characteristics "Plastic Number" expressed as "PN". For more information about this regard take a look at: HERE! CUSTOM(K) EXPONENTIAL MOVING AVERAGE: Some code has cleaned from last version to include as custom function the nEMA , which use an additional input (K) to customise the way the "exponentially" is weighted from the custom array. For the purpose of this indicator, I implement a volatility algorithm using the Average True Range of last 9 periods multiplied by the morphic number used in the fractal study. (Golden Ratio as default) The result is very similar in response to classic EMA but tend to accelerate or decelerate much more responsive with wider bars presented in trending average. FRACTAL DEVIATION BANDS: The main idea is based on the so useful Standard Deviation process to create Bands in favor of a multiplier (As John Bollinger used in it's own bands) from a custom array, in which for this case is the "Volume Pressure Moving Average" as the main Vortex for the "Fractallitly", so then apply as many "Child bands" using the older one as the new calculation array using the same morphic constant as multiplier (Like Fibonacci but with other approach rather than %ratios). Results are AWSOME! Market tend to accelerate or decelerate their Trend in favor of a Fractal approach. This bands try to catch them, so please experiment and feedback me your own observations. EXTERNAL TICKER FOR VOLUME DATA: I Added a way to input volume data for this kind of study from external tickers. This is just a quicky-hack given that currently TradingView is not adding Volume to their Indexes so; maybe this is temporary by now. It seems that this part of the code is conflicting with intraday timeframes, so You are advised. This CODE is versioned as BETA FOR TESTING PROPOSES. By now TradingView Admins are changing lot's of things internally, so maybe this could conflict with correct rendering of this study with special tickers or timeframes. I will try to code by itself just the core parts of this study in order to use them at discretion in other areas. ALL NEW IDEAS OR MODIFICATIONS to these indicator(s) are Welcome in favor to deploy a better and more accurate readings. I will be very glad to be notified at Twitter or TradingView accounts at: @XeL_Arjona
Wskaźnik Pine Script®
od xel_arjona
10
DarkPool FlowDarkPool Flow is a professional-grade technical analysis tool designed to align retail traders with the dominant "smart money" flow. Unlike standard moving average crossovers that often generate false signals during consolidation, this script employs a multi-layered filtering engine to isolate high-probability trends. The core philosophy of this indicator is that Trends are fractal. A sustainable move on a lower timeframe must be supported by momentum on a higher timeframe. By comparing a "Fast Signal Trend" against a "Slow Anchor Trend" (e.g., Daily vs. Weekly), the script identifies the market bias used by institutional algorithms. This edition features a Smart Recovery Engine, ensuring that valid trends are not missed simply because momentum started slowly, and a Dynamic Cloud that visually represents the strength of the trend spread. Key Features 1. Auto-Adaptive Timeframe Logic The script eliminates the guesswork of Multi-Timeframe (MTF) selection. By enabling "Auto-Adapt," the indicator detects your current chart timeframe and automatically maps it to the mathematically correct institutional pairings: Scalping (<15m): Uses 15-Minute Trend vs. 1-Hour Anchor. Day Trading (15m - 1H): Uses 4-Hour Trend vs. Daily Anchor. Swing Trading (4H - Daily): Uses Daily Trend vs. Weekly Anchor (The classic "Golden" setup). Investing (Weekly): Uses 21-Week EMA vs. 50-Week SMA (Bull Market Support Band logic). 2. Smart Recovery Signal Engine Standard crossover scripts often miss major moves if the specific breakout candle has low volume or weak ADX. This script utilizes a state-machine logic that "remembers" the trend direction. If a trend begins during low volatility (gray candles), the script waits. The moment volatility and momentum confirm the move, a Smart Recovery Signal is triggered, allowing you to enter an existing trend safely. 3. Chop Protection (Gray Candles) Preservation of capital is the priority. The script analyzes the Average Directional Index (ADX) and Volatility (ATR). Colored Candles (Green/Red): The market is trending with sufficient strength. Trading is permitted. Gray Candles: The market is in a low-energy chop or consolidation (ADX < 20). Trading is discouraged. 4. Dynamic Trend Cloud The space between the Fast and Slow trends is filled with a dynamic cloud. Darker/Opaque Cloud: Indicates a widening spread, suggesting accelerating momentum. Lighter/Transparent Cloud: Indicates a narrowing spread, suggesting the trend may be weakening or consolidating. 5. Pullback & Retest Signals (+) While triangles mark the start of a trend, the Plus (+) signs mark low-risk opportunities to add to a position. These appear when price dips into the cloud, finds support at the "Fair Value" zone, and closes back in the direction of the trend with confirmed momentum. User Guide & Strategy Setup Add the indicator to your chart. For Beginners: Enable "Auto-Adaptive Timeframes" in the settings. For Advanced Users: Disable Auto-Adapt and manually configure your Fast/Slow pairings (Default is Daily 50 EMA / Weekly 50 EMA). Signal Mode: Choose "First Breakout Only" for a cleaner chart, or "All Signals" if you wish to see re-entry points during choppy starts. Long Entry Criteria (Buy) Trend: The Cloud must be Green (Fast Trend > Slow Trend). Signal: A Green Triangle appears below the bar. Confirmation: The signal candle must not be Gray. Re-Entry: A small Green (+) sign appears, indicating a successful test of the cloud support. Short Entry Criteria (Sell) Trend: The Cloud must be Red (Fast Trend < Slow Trend). Signal: A Red Triangle appears above the bar. Confirmation: The signal candle must not be Gray. Re-Entry: A small Red (+) sign appears, indicating a successful test of the cloud resistance. Stop Loss & Risk Management Stop Loss: A standard institutional stop loss is placed just beyond the Slow Trend Line (the outer edge of the cloud). If price closes beyond the Slow Trend, the macro thesis is invalid. Take Profit: Target liquidity pools or use a trailing stop based on the Fast Trend line. Settings Overview Mode Selection: Toggle between Auto-Adaptive logic or Manual control. Manual Configuration: Define the specific Timeframe, Length, and Type (EMA, SMA, WMA) for both Fast and Slow trends. Signal Logic: Toggle "Show Pullback Signals" on/off. Switch between "First Breakout" or "All Signals." Quality Filters: Toggle individual filters (ATR, RSI, ADX) to adjust sensitivity. Turning these off makes the script more responsive but increases false signals. Visual Style: Customize colors for Bullish, Bearish, and Neutral (Gray) states. Adjust cloud transparency. Disclaimer Risk Warning: Trading financial markets involves a high degree of risk and is not suitable for all investors. You could lose some or all of your initial investment. Educational Use Only: This script and the information provided herein are for educational and informational purposes only. They do not constitute financial advice, investment advice, trading advice, or any other recommendation. No Guarantee: Past performance of any trading system or methodology is not necessarily indicative of future results. The "Institutional Trend" indicator is a tool to assist in technical analysis, not a crystal ball. The creators of this script assume no responsibility or liability for any trading losses or damages incurred as a result of using this tool. Always perform your own due diligence and consult with a qualified financial advisor before making investment decisions.
Wskaźnik Pine Script®
od DarkPoolCrypto
XAUUSD Liquidity Sweep + Engulfing (4H/2H/15m)Key Features in This Script: 4H Bias (Trend): We use RSI on 4H to determine if the market is in a bullish or bearish trend. 2H Setup: When price sweeps below previous lows or above previous highs (liquidity sweep), we confirm it with RSI and an engulfing candle. 15m Entry: After the liquidity sweep is confirmed on the 15m chart, we check for a bullish engulfing (for buys) or bearish engulfing (for sells) with RSI confirmation. How to Use It: Add the Script: Copy-paste the code above into TradingView’s Pine Editor. Apply it to the 15-minute chart for XAUUSD (Gold). Alerts: Set up alerts when a Buy or Sell signal appears based on the conditions. Alerts Example: When a liquidity sweep and RSI flip happens with an engulfing candle, TradingView will notify you, helping you enter at the right time. 🚀 Next Steps: Try it out and let me know how the alerts and signals are working for you. If you'd like to add custom stop-loss or take-profit calculations, or include Fibonacci levels, let me know!
Wskaźnik Pine Script®
od tochall
TTP IFVG Signals With EMA /ICT Gold scalpingThis script uses original logic and alerting rules. in Japan finding ICT IFVG and EMA conditions. #IFVG, Forex, ICT, EMA, Scalping, Indicator This indicator automatically finds IFVG (Imbalance / Fair Value Gap) zones and gives you a buy or sell signal when price comes back and breaks out through that gap. It also draws a colored box over the gap so you can see the zone visually, and it raises alerts when a new signal appears. High-level logic: On every bar, the script looks back up to “IFVG_GapBars” bars. For each offset i it checks a 3-candle pattern: – If the low of the newer candle is above the high of the older candle: bullish FVG (price jumped up, leaving a gap). – If the high of the newer candle is below the low of the older candle: bearish FVG (price jumped down, leaving a gap). When a valid FVG is found: – For a bullish FVG it looks for a later close that breaks down through that gap (sell signal). – For a bearish FVG it looks for a later close that breaks up through that gap (buy signal). – A moving-average trend filter must agree (downtrend for sells, uptrend for buys). – It checks that price has not already “filled” the gap before the breakout. If all conditions are satisfied, it: – Sets signal_dir = 1 for a buy, or -1 for a sell. – Draws a box from the original FVG bar to the bar just before the breakout (extended a bit to the right), between the gap high and gap low. – Plots an ▲ label for buys or ▼ label for sells. – Triggers the corresponding alert conditions. Now the parameters: PipSizeMultilier (PipSizeManual) Multiplies the symbol’s minimum tick size (syminfo.mintick). It is used when converting “MinFVG_Pips” into an actual price distance. If you feel the indicator is too sensitive (too many small gaps), you can increase this multiplier to effectively require a larger price difference. TickSize Internal value = syminfo.mintick * PipSizeMultiplier. This is the actual price step the script uses as a “pip” when checking minimum gap size. FVG Search Lookback (IFVG_GapBars) How many bars back from the current bar the script will scan for a 3-candle FVG pattern. Larger value = it can find older FVGs, but loop cost is higher. Min FVG Size (Pips/Points) (MinFVG_Pips) Minimum allowed size of the gap, measured in “pips/points” using TickSize. If the vertical distance between the gap high and gap low is smaller than this, the gap is ignored. 0.0 means “no size filter” (every FVG is allowed). FVG Epsilon (Price Units) (FVG_EpsPoints) Tolerance for the FVG detection. It is subtracted/added in the condition that checks “low > old high” or “high < old low”. 0.0 means strict gap (no overlap at all). A small positive epsilon allows tiny overlaps to still count as a gap. Show IFVG Zones (ShowZones) If true, the script draws a box over the IFVG zone when a signal is confirmed. If false, no boxes are drawn; you only see the ▲ / ▼ markers and alerts. Buy Zone Color (ZoneColorBuy) Fill color and border color for boxes created from bearish FVGs that later produce a buy signal. Sell Zone Color (ZoneColorSell) Fill color and border color for boxes created from bullish FVGs that later produce a sell signal. Box Extension (Bars) (BoxExtension) How many extra bars to extend the right side of the box beyond the breakout bar. The internal right coordinate is “bar_index - 1 + BoxExtension”. Increase this if you want the zone to visually extend further into the future. MA Period (MA_Period) Lookback length of the moving average used as a trend filter. MA Type (MA_Kind) Type of moving average: “SMA” or “EMA”. If SMA is chosen, the script uses ta.sma; if EMA, it uses ta.ema. Moving-average filter behavior: For sell signals (from bullish FVG): MA must be sloping down (MA < MA ) and price must be below MA. For buy signals (from bearish FVG): MA must be sloping up (MA > MA ) and price must be above MA. If these conditions are not satisfied, the FVG is ignored even if the gap and breakout conditions are met. Signals and alerts: signal_dir = 1 → buy signal, ▲ label below the bar, “IFVG Buy Alert” / “IFVG Buy/Sell Alert” can fire. signal_dir = -1 → sell signal, ▼ label above the bar, “IFVG Sell Alert” / “IFVG Buy/Sell Alert” can fire. signal_dir = 0 → no new signal on this bar. In short: This indicator finds 3-candle IFVG gaps, filters them by size and trend, waits for a clean breakout through the gap, draws a box on the original gap zone, and gives you a clear buy or sell signal plus alerts.
Wskaźnik Pine Script®
od stray34sk2
Monday Range Levels (Fixed for Forex/XAU)Monday Range Levels Indicator (10-Line Summary) 1. Core Purpose: Defines the initial weekly range in Forex and XAU/USD for structured trading. 2. Range Definition: Automatically plots the High and Low price levels from the first hours of the 3. Monday session. 4. Liquidity Focus: Used primarily to anticipate liquidity sweeps at the start of the trading week. 5. Specific Market: Optimized for high-volatility pairs, especially XAU/USD (Gold) and major Forex pairs. 6. Session Control: Accurately identifies the start of the week regardless of local settings. 7. Timezone Customization: Allows flexible adjustment to NY Time, UTC, or UTC+7 (Vietnam Time). 8. Visual Clarity: Full customization options for line colors, text size, and range shading. 9. Strategic Use: Supports Breakout Trading and Mean Reversion strategies throughout the week. 10. Discipline Tool: Encourages structured trading by providing fixed, objective reference levels. Application: Simple, reliable tool for consistent Day Trading and Scalping. "If I get enough love/support, I'll be dropping more indicators for the fam!"
Wskaźnik Pine Script®
od TheLight_TSOD
XAUUSD Macro Anomaly Pulses (Chart XAU) - sudoXAUUSD Macro Anomaly Pulses A simple pulse indicator that highlights when XAUUSD moves in a way that macro conditions cannot fully explain Overview This indicator marks candles on XAUUSD that behave differently than what the broader market suggests should happen. Instead of looking at XAUUSD alone, this tool compares gold’s actual movement to an expected movement based on: Other gold cross pairs (XAUJPY, XAUAUD, XAUCHF) The U.S. Dollar Index (DXY), inverted The US30 index (Dow Jones) When XAUUSD moves much stronger or weaker than this macro-based expectation, the indicator plots a small pulse (a circle) directly on the candle. Purpose This indicator helps you quickly see when a candle on XAUUSD is acting “out of character” compared to normal macro flow. In other words: “Did XAUUSD move in a way that makes sense with the rest of the market, or did something weird happen?” These unusual moves often signal: Liquidity grabs Stop hunts News-driven spikes False breakouts Front-running of macro shifts How It Works It reads the XAUUSD candles directly from the chart. This ensures pulses stick to your candles correctly. It pulls data from basket legs (XAUJPY, XAUAUD, XAUCHF) and macro symbols (DXY, US30) using security calls. It converts each symbol into a simple % return per candle. It builds an “expected” gold move using weighted inputs: Average return of gold crosses Inverse return of DXY Return of US30 It calculates the “residual,” which means: actual XAU return - expected macro return It turns that into a Z-score to measure how extreme the deviation is. If the Z-score is too high or too low, the script marks the candle: Aqua pulse below bar = unusually strong move Fuchsia pulse above bar = unusually weak move How to Interpret the Pulses Aqua Pulse (below candle) – Bullish anomaly XAUUSD moved stronger than the macro environment suggests. Meaning: -Possible liquidity grab upward -Possible early trend move -Possible false breakout -Price may be overreacting Fuchsia Pulse (above candle) – Bearish anomaly XAUUSD moved weaker than expected. Meaning: -Possible liquidity sweep downward -Possible aggressive sell-side event -Possible exhaustion -Price may be taking liquidity before reversing Typical Use Cases -Spot moments when gold acts independently of macro -Identify candles that might signal a reversal or a trap -Confirm whether a breakout is real or suspicious -Filter trades by macro alignment -Help understand when XAUUSD is reacting to news or liquidity instead of fundamentals Inputs Explained - Z-score Lookback – How many candles are considered normal behavior - Z-threshold – How extreme a move must be before it is marked - Basket / DXY / US30 weights – How much influence each macro component has
Wskaźnik Pine Script®
od hondacivic2002
Correlation Scanner📊 CORRELATION SCANNER - Financial Instruments Correlation Analyzer 🎯 ORIGINALITY AND PURPOSE Correlation Scanner is a professional tool for analyzing correlation relationships between different financial instruments. Unlike standard correlation indicators that show the relationship between only two instruments, this script allows you to simultaneously track the correlation of up to 10 customizable instruments with a selected base asset. The indicator is designed for traders working with cross-market analysis, portfolio diversification, and searching for related assets for arbitrage strategies. 🔧 HOW IT WORKS The indicator uses the built-in ta.correlation() function to calculate the Pearson correlation coefficient between instrument closing prices over a specified period. Mathematical foundation: 1. Correlation Calculation: for each instrument, the correlation coefficient with the base asset is calculated over N bars (default 60) 2. Results Sorting: instruments are automatically ranked by absolute correlation value (from strongest to weakest) 3. Visualization: results are displayed in a table with color coding: - Green: positive correlation (instruments move in the same direction) - Red: negative correlation (instruments move in opposite directions) - Color intensity depends on correlation strength 4. Correlation Strength Classification: - Very Strong (💪💪💪): |r| > 0.8 — very strong relationship - Strong (💪💪): |r| > 0.6 — strong relationship - Medium (💪): |r| > 0.4 — medium relationship - Weak: |r| > 0.2 — weak relationship - Very Weak: |r| ≤ 0.2 — very weak relationship 📋 SETTINGS AND USAGE MAIN PARAMETERS: • Main Instrument — base instrument for comparison (default TVC:DXY - US Dollar Index) • Correlation Period — calculation period in bars (10-500, default 60) • Number of Instruments to Display — number of instruments to show (1-10) • Table Position — table location on the chart INSTRUMENT CONFIGURATION: The indicator allows configuring up to 10 instruments for analysis. For each, you can specify: • Instrument — instrument ticker (e.g., FX_IDC:EURUSD) • Name — display name (emojis supported) VISUAL SETTINGS: • Show Chart Label with Correlation — display current chart's correlation with base instrument • Table Header Color — table header color • Table Row Background — table row background color 💡 USAGE EXAMPLES 1. DOLLAR IMPACT ANALYSIS: set DXY as the base instrument and track how dollar index changes affect currency pairs, gold, and cryptocurrencies 2. HEDGING ASSETS SEARCH: find instruments with strong negative correlation for risk diversification 3. PAIRS TRADING: identify assets with high positive correlation to find divergences and arbitrage opportunities 4. CROSS-MARKET ANALYSIS: track relationships between stocks, bonds, commodities, and currencies 5. SYSTEMIC RISK ASSESSMENT: identify periods of increased correlation between assets, which may indicate systemic risks ⚠️ IMPORTANT NOTES • Correlation does NOT imply causation • Correlation can change over time — regularly review the analysis period • High past correlation doesn't guarantee the relationship will persist in the future • Recommended to use the indicator in combination with fundamental analysis 🔔 ALERTS The indicator includes a built-in alert condition: triggers when strong correlation (|r| > 0.8) is detected between the current chart and the base instrument.
Wskaźnik Pine Script®
od Smart-Day-Trader
Momentum Structural AnalysisMomentum Structural Analysis (MSA‑style Oscillator) This indicator implements a simple, MSA‑style momentum oscillator that measures how far price has moved above or below its own long‑term trend on the active timeframe, expressed in percentage terms. Instead of looking at raw price, it "oscillates" price around a timeframe‑appropriate simple moving average (SMA) and plots the percentage distance from that SMA as an orange line around a zero baseline. Zero means price is exactly at its structural trend; positive values mean price is extended above trend; negative values mean it is trading below trend. The script automatically selects the SMA length based on the chart timeframe: On daily charts it uses the configurable Daily SMA Length (default 252 trading days, roughly 1 year). On weekly charts it uses Weekly SMA Length (default 208 weeks). On monthly charts it uses Monthly SMA Length (default 120 months). This approach is inspired by the ideas behind Momentum Structural Analysis (MSA), which studies where a market trades relative to long‑term moving averages and then treats the momentum line (the oscillator) as the primary object of analysis. The goal is to highlight structural overbought/oversold conditions and regime changes that are often clearer on momentum than on the raw price chart. -------------------------------------------------- What the script computes and how it works For each bar, the indicator: Chooses an SMA length based on the current timeframe (daily/weekly/monthly). Calculates the SMA of the close. Computes the percentage distance: \text{Diff %} = \frac{\text{Close} - \text{SMA}}{\text{SMA}} \times 100 Plots this Diff % as an orange line, with a dashed horizontal zero line as the base. This produces a momentum oscillator that oscillates around zero and reflects the "structural" position of price versus its own long‑term mean. -------------------------------------------------- How to use it on index charts (e.g., NIFTY50) On indices like NIFTY50, use the indicator to see how stretched the index is versus its structural trend. Typical uses: Identify extremes: a). Historically high positive readings can signal euphoric, late‑stage conditions where risk is elevated. b). Deep negative readings can highlight panic/capitulation zones where downside may be exhausted. Draw structural levels: a). Mark horizontal bands on the oscillator where past turns have occurred (e.g., +15%, −10%, etc. specific to NIFTY50). b). Watch how price behaves when the oscillator revisits these zones: repeated rejections can validate them as structural bounds; clean breaks can indicate a change of regime. This is not a buy/sell signal generator by itself; it is a framework to understand where the index sits within its long‑term momentum structure and to support risk‑management decisions. -------------------------------------------------- How to use it on ratio charts Apply the same indicator to ratio symbols such as NIFTY50/GOLD, BANKNIFTY/NIFTY50, sector vs index, or any spread you plot as a ratio. On a ratio chart: The oscillator now measures relative momentum: how far that ratio is above or below its own long‑term mean. High positive readings = strong outperformance of the numerator vs the denominator (e.g., equities strongly outperforming gold). Deep negative readings = strong underperformance (e.g., equities structurally lagging gold). This is very much in the spirit of MSA’s work on spreads between asset classes: it helps visualize major rotations (equities → gold, financials → commodities, etc.) and whether a relative‑performance trend is stretched, reverting, or breaking into a new phase. -------------------------------------------------- Using multiple timeframes for better decisions You can stack information across timeframes to get a more robust view: Monthly : a). Use monthly charts to see secular/structural phases. b). Long multi‑year stretches above or below zero, and large bases or trendline breaks on the monthly oscillator, can mark major bull or bear cycles and big rotations between asset classes. Weekly : a). Use weekly charts for the primary trend. b). Weekly structures (multi‑month highs/lows, channels, or trendlines on the oscillator) are useful for medium‑term positioning and for confirming or rejecting signals seen on the monthly view. Daily : a). Use daily charts mainly for timing entries/exits once the higher‑timeframe direction is clear. b). Short‑term extremes on the daily oscillator that align with the larger weekly/monthly structure can offer better‑timed opportunities, while signals that contradict higher‑timeframe momentum are more likely to be noise. --------------------------------------------------
Wskaźnik Pine Script®
od PrasadJoshi12