Honey CypherHoney Cypher Aims to do 4 things
Momentum
Trend Strength
Overbought and oversold zones
Being the most beautiful indicator you ever see
Momentum
The big yellow honey waves primary use is to see the momentum of the market, they can be used in a similar way you would use a MACD or Chaikin Money Flow
On this image you see the honey waves being plotted to the 30 minute timeframe while on the 5 minute chart to have an understanding of longer time momentum in the chart.
Trend Strength
Most tools of the indicator can be used for that but the yellow and purple slope strength lines are made specificaly for this. When you see them curl down you know trend is strengthening towards the downside.
The candle color is based on the amount of Honey waves sloping in one direction. This might be the best tool in the indicator to find Trend Strength. Bright yellow candles mean strong bears while the bright blue candles mean strong bulls.
Overbought and oversold zones
By analysing the waves on a chart you start to learn how big waves can get before a reversal or consolidation period arrives.
You can become profitable with the indicator. But to be honest, my primary focus in making this indicator was find ways to visualise alot of data in a clear and beautiful way.
You should use the indicator with some out of the box ideas instead of just trusting the signals.
examples:
Find a head and shoulders pattern on the top of a huge honey wave.
Find a bottom small wave while the others honey waves are in the opposite direction for entering a pullback.
Use the honey for direction but the yellow and purple slope line crosses for entrys.
Comment your own strategys, I made this open source to be able to get community feedback.
The Honey Cypher waves are calculated in a similar way as the MACD histogram. I've combined MACD formula with some of the lazybear formula. It looks for the distance between 2 moving averages to find trend strength. After that the end results get's smoothed out. It is very satisfying to change that as you can see the honey waves create a melting like motion on each change of smoothing.
Below a preview of the honey cypher moving average lines, all lines have a length that is based on the fibonacci number sequence. Honey cypher measures the distance between for example length 5-8 averages.
I hope this inspires coders to create very beautiful scripts.
中心震荡指标
MTF MACD (PPO) [TANHEF]Mult-Timeframe Moving Average Convergence Divergence (MACD) and Percentage Price Oscillator (PPO) indicator that allows for viewing of 1 to 5 different Timeframes.
Brief Summary
The primary benefit of multi-timeframe indicators is getting better entries and confirmation from viewing multiple time frames at once, which can often get overlooked.
MACD shouldn't be only used by itself, it is a lot more consistent when applied in the same direction as the trend as well as multiple other things including support, resistance, and volume improve the outcomes of the MACD results.
Personally, I look for good entries on higher and lower time frames (multiple timeframes must agree with the buying or selling). For example, if a higher timeframe looks like a good long entry (MACD line is crossing up and below the zero line), then the lower timeframes should be checked to ensure they are not oversold or overextended (the MACD line must be low or below the zero), once the lower and higher timeframes are in agreeance an entry can be made.
What is Moving Average Convergence Divergence (MACD)?
Moving average convergence divergence (MACD) is a trend-following momentum indicator that shows the relationship between two moving averages of the price. The MACD is calculated by subtracting the 26-period exponential moving average (EMA) from the 12-period EMA.
What is the Percentage Price Oscillator (PPO)?
The PPO is identical to the MACD indicator, except the PPO measures percentage difference between two EMAs, while the MACD measures absolute (or dollar) difference. The PPO has the advantage of being comparable to other assets with different prices, whereas MACD readings are not comparable. For example, regardless of the asset's price, a PPO result of 10 means the short-term average is 10% above the long-term average.
A signal line can be displayed on Timeframe, including:
- MACD & Signal Line crosses (Green when MACD above Signal Line and Red when MACD below Signal Line)
- Histogram Direction (fast and slow EMA gap)
- SuperTrend for identifying trend direction (green for uptrend, red for downtrend)
- EMA Trend for identifying trend direction (above EMA = up trend and green, below EMA = down trend and red)
Cross Dots and Potential cross dots
- Green Dot, is displayed when the MACD crosses the Signal Line
- Red Dot, is displayed when the MACD crosses the Signal Line
- Yellow Dot. Potential cross up (green dot) on next bar. Displayed when if the same distance a MACD moves on a bar is applied to the next bar will cause a MACD and Signal Line Cross. This is calculated by checking if the value change of one bar is added to the current MACD value would lead to a cross on the next bar, the it is a potential up dot.
- Purple Dot. Potential cross down (red dot) on next bar. Displayed when if the same distance a MACD moves on a bar is applied to the next bar will cause a MACD and Signal Line Cross. This is calculated by checking if the value change of one bar is added to the current MACD value would lead to a cross on the next bar, the it is a potential down dot.
Best Fit Settings
- Can be applied to the MACD, Signal Line, and Histogram to re-scale (stretch) to fit them within the space of the +2 and -2 range that each timeframe is provided on this indicator.
- The lookback distance value is used to lookback a certain distance to ensure everything scaled to fit well.
Labels are displayed on the right of the indicators, including:
- a label identifying 'line indicator' is currently being displayed
- the Timeframe corresponding to each MACD or PPO indicator
- the MACD or PPO of each Timeframe
WVF - OscillatorAnother attempt on making use of CM-Williams-Vix-Fix-Finds-Market-Bottoms from Chris Moody - which is arguably one of the best indicator available on pine and tradingview platform. Every time I revisit this, I get new ideas on applying this method.
I have slightly altered formula to
highest(source)-source/highest(source)
from the original formula
highest(close)-low/highest(close)
Process is simple:
Calculate WVF for OHLC values separately
Calculate momentum on each of the WVF values based on distance from moving average
Plot the candles based on OHLC momentum.
Candle color depends on whether close, open and previous close. If close is higher than open and previous close, we get green coloured candles. If close is lower than previous close and open then we get red coloured candles. In all other cases, we will have silver candles.
High/Low bands are calculated based on median of highest and lowest values of VixFix. We also plot median of close which can be used in some cases.
How to use this to find market bottom. Look for one of the below conditions:
First red candle above high band - which signals momentum of vix fix is about to fall.
First red candle above median line - can be used only if upward momentum of wvf candles are trending well.
Crossunder of wvf candles under high band.
Possible exit scenarios
Green WVF candle formed above WVF high line
Entry is taken on first red candle above median line - but, candles turned green before WVF crossing under median line - may signal our thesis is wrong and price may drop further.
Some examples.
Vertical lines period 9,26,51 Ichimokuallows you to view the old prices on periods 9, 26 and 51 on the Ichimoku indicator. Periods and color can be changed. Can be used on all products. it saves you from having to count the old candles
BTC Gravity OscillatorThis indicator is a deviation of a Center of Gravity Oscillator corrected for the diminishing returns of Bitcoin.
I've set up this indicator for it to be used on the weekly timeframe. The indicator oscillates between 0 and 10, where 0 indicates oversold conditions and 10 indicates overbought conditions.
The indicator plots in any BTCUSD spot, futures , BLX index and BTCEUR .
It paints in all time frames, but Weekly time frame is the correct one to interpret the 'official' read of it.
volatility-weighted price change divergenceEMA of intrabar-volatility-weighted price change minus EMA of price change. It puts more weights on candles that have large volatility inside, and assumes that the direction of those high-volatility candles are more meaningful than low-volatility ones. Therefore, we take the difference between the volatility-weighted price change and the regular price change and plot the EMA. The indicator may be used as a tool to find divergence and potential reversal, or hints of continuation of a strong trend. Note that this indicator can change a lot with different time frames and settings, so take care to backtest before using. Recommended settings are 15m resolution for time frames longer than 4H and 1m resolution (with 200 EMA length) for time frames below 4H. The resolution is used to find the intrabar volatility.
MACD ScaledMACD scaled and re-centered for 0-100 range (user adjustable)
+ Leader
+ Stochastic RSI
Details: A simple MACD re-centered to 50 lines rather than 0 line. Also added MACD Leader and Stochastic RSI to show possible usefulness of re-scaling the MACD.
NOTE: Due to nature of MACD, could not get the lines cannot be contained within top/bottom borders without excess distortion.
Credit to lazybear for leader formula.
SET13_INDEXThe average RSI of top 13 marketcaptilization in SET50, as list by below.
1. PTT
2. AOT
3. ADVANC
4. CPALL
5. GULF
6. PTTEP
7. SCC
8. SCB
9. KBANK
10. BDMS
11. EA
12. OR
13. SCGP
Note that OR started trading on February 2021 so that the indicator will not appear before that period and
the top 13 marketcapiliation ranked on 22 February 2022 so pls becareful about look ahead bias.
Relative Moving Average Convergence DivergenceThe normal MACD is formed by the difference of two moving averages. In contrast, the relative MACD is formed by the quotient of two moving averages.
In my opinion, it is only with the Relaticen MACD possible to compare values at different prices.
Der normale MACD wird durch die Differenz zweier gleitender Durchschnitte gebildet. Im Gegensatz dazu wird der Relative MACD duch den Quotienten zweier gleitender Durchscnitte gebildet.
Meiner Meinung nach, ist es erst mit dem Relaticen MACD möglich Werte zu unterschiedlichen Kursen zu vergleichen.
La MACD normale est formée par la différence entre deux moyennes mobiles. En revanche, la MACD relative est calculée à partir du quotient de deux moyennes mobiles.
À mon avis, ce n'est qu'avec la MACD relative qu'il est possible de comparer des valeurs à des prix différents.
El MACD normal está formado por la diferencia entre dos medias móviles. En cambio, el MACD relativo está formado por el cociente de dos medias móviles.
En mi opinión, sólo con el MACD Relativo es posible comparar valores a diferentes precios.
Обычный MACD формируется разницей между двумя скользящими средними. В отличие от этого, относительный MACD формируется из коэффициента двух скользящих средних.
На мой взгляд, только с помощью относительного MACD можно сравнивать значения по разным ценам.
正常的MACD是由两条移动平均线之差形成的。相反，相对MACD是由两条移动平均线的商数形成的。
在我看来，只有相对MACD才有可能比较不同价格下的价值。
MACD Bar 1.0 [upslidedown]MACD is one of the most consistent ways a trader can determine overall trend direction. In this script, I've simplified the traditional MACD histogram into a compact bar with trend change shapes (▲▼) when the MACD histogram goes under the zero line or above the zero line. With traditional MACD I often have to zoom in, wasting precious time. This indicator fixes that problem.
I use this script as a confirmation for other trigger signals, not as an entry or exit signal. I find this compact widget to be a preferable visualization of MACD on lower timeframes, while high timeframe analysis lends itself to the traditional MACD built-in with more data for decision making. This is also very useful when crafting trading strategies to quickly check for confluence of signals.
In addition to the traditional EMA smoothing that comes with MACD, I exposed a series of common moving average types. These include: SMA, EMA, WMA, RMA, SWMA, VWMA, Hull, TEMA, and ZLEMA. TEMA and ZLEMA are not standard builtins, but when looking for fast confirmation they can be very useful. They can also create LOTS of noise, so consider this wisely before changing the builtin methodology. One neat trick is to pair a "fast" version of this with fast moving average type and then a slow one using traditional EMA.
▲▼ signals = trend shift in direction of triangle
full color "bull or bear" color = strong trend
half color (semi-transparent) "bull or bear" color = weakening trend
Eflatun CCI Divergence and Top/BottomThe Commodity Channel Index (CCI) with Divergence and finding Top / Bottom points
Select MA with Sma, Ema, Wma, SWma, VWma, Hma or Rma
Follow bar color on top or bottom
Tail Indicator - 84Like a old faithful calculator the Tail Indicator - 84 will calculate the tail strength of the forces that drag the price against its momentum.
ps:.. the pun is totally intended. :)
RedK Volume-Accelerated Directional Energy Ratio (RedK VADER)The Volume-Accelerated Directional Energy Ratio (VADER) makes use of price moves (displacement) and the associated volume (effort) to estimate the positive (buying) and negative (selling) "energy" behind the scenes, enabling traders to "read the market action" in more details and adjust their trading decisions accordingly.
How does VADER work?
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I have always been a fan of technical analysis concepts that are simple, and that integrate both price action and volume together - The concept behind VADER is really a simple one.
Let's walk though it as we avoid getting too technical:
Large price moves that are associated with large volume means buyers (if the move is up) or sellers (when the move is down) are serious and are "in control" of the action
On the other hand, when the price moves are small but with large volume, it means there's a fight, or more of a balance of energy, between buying and selling.
Also when large price moves are associated with relatively limited volume, there's a lack of "energy" from either buyers or sellers - and moves likes these are usually short-lived.
The analogy with VADER, is that we look at price moves (change of close between 2 bars) as the displacement (or action result) and the associated volume as the "effort" behind this action -- Combining these 2 values together, the displacement and the effort, gives us a representation or a proxy of the underlying energy (in a specific direction).
when both values (displacement and effort) are high, then the resulting energy is high - and if one of these values are low, the resulting energy is low.
we then take an average of that relative energy in each direction (positive = buying and negative = selling) and calculate the net energy.
note that we're approaching the analogy here from a trading perspective and not from physics perspective :) -- we can be forgiven if the energy calculation in physics is different ..
VADER Plots
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the blue line with crosses represents the positive energy - or the buying strength
the orange line with circles represents the negative energy - or the selling strength
the thick Green / Red main line plot represents the net energy - and generally the main signal to be looking out for is when that line crosses 0 up or down - but i find it also very valuable to keep an eye on the individual energy lines as they sometimes "tell a story" like we see in the chart above,
Volume Calculation:
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- VADER by default is a volume-weighted indicator - it uses the volume associated with change in bar close value (Full mode) as an accelerator in the calculation of the directional energy
- VADER introduces another method of integrating volume, by considering "relative" or "differential" volume (Relative mode) - in this mode, we consider the ratio of volume above the minimum volume observed within a "lookback" length - so practically, ignoring the minimum volume. in other words, if a price move is associated with very low volume, it gets very low "volume accelerator" (close to 0) and if the move is associated with very large volume, it gets the maximum volume accelerator (1 or close to 1) - The relative mode of volume calculation magnifies volume effect and ignores the low volume values that may just act as noise. test both modes and find which one works better for you.
- VADER also has the ability to work without volume (volume calculation = None) - and will revert to that mode when used with instruments that have no volume data. In that mode, VADER will behave similar to an RSI (but not exactly like it given the underlying calculation is different)
- We can also setup VADER at a specific resolution / timeframe that is different than the chart.
Using VADER & Other Thoughts
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The main signal to look out for, is when VADER's Green / Red line crosses the zero line.
Green (above zero) represents that the net energy is with the buyers and we should favor long positions
Red (below zero) reflects that the sellers have control and we should favor short positions (or consider to close longs)
*** However, VADER should be used as a *secondary indicator* - given the big influence of volume on the calculation - VADER doesn't directly track price trend or momentum - VADER needs to be used in the context of other indicators that show trend and momentum - i would suggest you combine VADER with Moving Averages or other trend tracking indicators on the price chart, MACD, RSI and / or other trend and momentum indicators you're already familiar with.
Suggested setup:
There's more to add to VADER in future versions - alerts, control level, maybe improve visuals... etc - please share your feedback as you start experimenting with VADER.. good luck! (and of course, May the Force be with you :) )
SARCThis indicator aims to indicate the correlation between two assets(Current and Base), it does NOT show entries or help your chart analysis directly.
The main features of this Correlation indicator is :
Correlation type : Direct Correlation | Inverse Correlation | No Correlation
Correlation Percentage : as its name, it calculate the Correlation Percentage between Current and base assets if exist
Correlation Leader : If there is a correlation , it indicates which asset follows the other (Current Asset Follows Base | Base Follows Current Asset)
Correlation bars : if the box (Show Correlation Candles) on the settings was True, it will show GREEN lines above candles which have direct correlation and RED lines above candles which have inverse correlation
How to use: Chose the base asset (default: bitcoin) and open any other chart to be the other -Current- asset
inputs:
Max Lookback length : how many candles will be included in the scan.
Correlation Factor : how stronger the correlation should be to include the candle(E.g. if set to 50, if any candle correlation was less than 50 it will be ignored), If you are confused leave it as its default.
Base Asset : The base asset to calculate the current asset correlation with.
Show Correlation Candles : (True | false) explained above on the main features.
Note: this indicator uses every single candle and compare it to the base same time candle, after some time I will post another similar indicator, BUT the new one will use the whole direction of the assets instead of each candle alone, I hope one of them can help you.
For any notes on the indicator to be edited, or for another indicator ideas please comment.
CA - Indicators ColorsThe following indicator help to have an idea of the current state of the MACD and FullStochastic in 1 hour and 1 day. If you are a trader that is regularly using stochastics and macd indicator and don't have enough space in you screen this might help to increase the space in your screen.
Parameters used on MACD: 12, 26,9
Parameters used on Stochastics: 14,5,5
The whole idea of the indicator is if you see an entry for a long position, you can confirm that a higher timeframe its aligned by both indicators and if you are seeing an entry for a short position you can confirm with a higher timeframe.
This indicator doesn't provide an entry or exit signal, but lets you verify where is the trend going in those timeframes so it helps you decide to make the trade.
Stochastic
Green: going up
Red: going down
Macd
Green: going up
Light Green: previous was green and going down.
Red: going down
Light Red: previous was red and going up
Keep in mind, the colors are going to get updated as long as the market is active.
Any feedback its appreciated.
Selected MACD Areas CompareThis is a simple tool to compare two selected MACD histogram area. The MACD histogram area is sometimes used to determine trend reversal or trend strength. One may have difficulty with this when the compared MACD areas are of different shape or similar in size. This indicator/tool allows user to select two time periods on the chart and get a precise compare result.
To use the indicator, place a regular MACD indicator on the chart which shows the histogram, then add this indicator and select the two areas of which you want to compare the size. Please make sure that the regular MACD indicator this one have the same source.
Trading Made Easy Pressure OscillatorAs always, this is not financial advice and use at your own risk. Trading is risky and can cost you significant sums of money if you are not careful. Make sure you always have a proper entry and exit plan that includes defining your risk before you enter a trade.
Those who have looked at my other indicators know that I am a big fan of Dr. Alexander Elder and John Carter. This is relevant to my trading style and to this indicator in general. While I understand it goes against TradingView rules generally to display other indicators while describing a new one, I need the Bollinger Bands, Bollinger Bands Width, and a secondary directional indicator to explain the full power of this indicator. In short, if this is strongly against the rules, I will edit the post as needed.
Those of you who are aware of John Carter are going to know this already, but for those who don’t, an explanation is necessary. John Carter is a relatively famous retail-turned-institutional (sort of) trader. He is the founder of TradetheMarkets, that later turned into SimplerTrading. Him and his company have a series of YouTube videos, he has made appearances on the MoneyShow, TastyTrade, and has authored a couple of books about trading. However, he is probably most famous for his “Squeeze” indicator that was originally launched on Thinkorswim and through his website but has now been incorporated into several trading platforms and even has a few open-source versions available here. In short, the Squeeze indicator looks to identify periods of consolidation and marry that with a momentum oscillator so you can position yourself in a quiet period before a large move. This in my opinion, is one of the best indicators an option trader can have, since options are priced both on time and volatility. To do this, the Squeeze identifies when the Bollinger Bands, a measure of price standard deviation, have contracted inside the Keltner Channels (a measure of the average range of a stock). This highlights something known as “the Squeeze”, when the 2x standard deviations (95% of all likely price movement using data from the past 20 periods) is less than the 1.5x average true range (ATR) of the stock over the same number of periods. These periods are when a stock is resting and in a period of consolidation and is generally followed by another large move once it has rested long enough. The momentum oscillator is used to determine the direction of this next move.
While I think this is one of the best indicators ever made, it is not without its pitfalls. I find that the “Squeeze” periods sometimes take too long to setup (something that was addressed by John and released in a new indicator, the Squeeze Pro, but even that is still slowish) and that the momentum oscillator was also a bit slow. They used a linear regression formula to track momentum, which can lag considerably at times. Collectively, this meant that getting into moves a few candles late was not uncommon or someone solely trading squeeze setups could have missed very good trade opportunities.
To improve on this, I present, the Trading Made Easy Pressure Oscillator. This more accurately identifies when volatility is reducing and the trading range is likely to contract, increasing the “pressure” on the price. This is often marked several candles before a “Squeeze” has started. To identify these ranges, I applied a 21-period exponential moving average to the Bollinger Bands Width indicator (BBW). As mentioned above, the Bollinger Bands measure the 2x standard deviation of price, typically based on a 20-period SMA. When the BBs expand, it marks periods of high volatility, when they contract, conversely, periods of low volatility. Therefore, applying an EMA to the BBW indicator allows us to confidently mark when volatility has slowed down earlier than traditional methods. The second improvement I made was using the Absolute Price oscillator instead of a linear regression-style oscillator. The APO is very similar to a MACD, it measures the difference between two exponential moving averages, here the 8 and 21 (Fibonacci EMAs). However, I find the APO to be smoother than the MACD, yet more reactive than the linear regression-style oscillators to get you into moves earlier.
Uses:
1) Buying before a bigger than expected move. This is especially relevant for options traders since theta decay will often eat away much of our profits while we wait for a large enough price move to offset the time decay. Here, we buy a call option/shares when the momentum oscillator matches the longer-term trend (i.e. the APO crosses over the zero line when price is above the 200-day EMA, and vice versa for puts/shorting the stock). This coincides with Dr. Elder’s Triple Screen Trading System, that we are aligning ourselves with the path of least resistance. We want to do this when price is currently in an increasing pressure situation (i.e. volatility is contracting) to make sure we are buying an option when premium and Implied Volatility is low so we can get a better price and have a better risk to reward ratio. Low volatility is denoted by a purple dot, high volatility a blue dot along the midline of the indicator. A scalper or short-term swing trader may look to exit when the blue dots turn purple signalling a likely end to a move. A longer-term trend trader can look to other exit scenarios, such as a cross of the oscillator below the zero line, signalling to go short, or using a moving average as a trailing stop.
2) Sell premium after a larger than expected move has finished. After a larger than expected move has completed (a series of blue dots is followed by a purple dot), use this time to sell theta-driven options strategies such as straddles, strangles, iron condors, calendar spreads, or iron butterflies, anything that benefits from contracting volatility and stagnating prices. This is useful here since reducing volatility typically means a contraction of prices and the reduced likelihood of a move outside of the normal range.
3) Divergences. This indicator is sensitive enough to highlight divergences. I personally don’t use it as such as I prefer to trend trade vs. reversion trade. Use at your own risk, but they are there.
In summary, this indicator improves upon the famous Squeeze indicator by increasing the speed at which periods of consolidation are marked and trend identification. I hope you enjoy it.
"Golden buy" for cryptofutures (alerts for 3 commas/finandy)This script is a blend of open source cipher B indicator by VuManChu and Hammers & Stars strategy made by ZenAndTheArtOfTrading.
"Golden buy" is based on divergencies and was considered as one of the top strategies for cryptotrading. So I used it for entrance point in this script.
You can turn on opening short positions which are based on divergencies as well.
SL/TP, based on ATR 14, can be tuned, so does Risk/reward ratio.
VuManChu's parameters can be tuned too, but honestly, I don't know how it can help you.
And, finally, you can fully automate your trading with alerts templates presented in the script. (strategy.entry (...//comments= ) - for 3commas and 'alert' function under if conditions for finandy)
Thank you for your attention.
Better Divergence On Any Indicator [DoctaBot]This is an expansion of the Tradingview built in Divergences indicator (bottom) with 2 MAJOR differences.
First, and most importantly, the built in indicator identifies pivots in your chosen oscillator, but then utilizes the corresponding candle's HIGH or LOW to identify potential divergences. I'm not a fan of this method because oscillator values are typically calculated using the candle CLOSE values, so, in my opinion, divergences should be identified using the candle CLOSE value as well, as they are in this script.
Second, the built in divergence indicator only looks back one oscillator pivot for potential divergences. I coded this to look back one additional pivot as well to identify more valid potential divergences. The script will only identify these types of "multiple pivot divergences" if the oscillator pivot in between the two diverging pivots DOES NOT intersect the line being drawn them.
Notes for chart:
#1: This built in Divergence indicator misses this hidden bearish divergence because of the pivot in between (marked with red vertical line). No divergence exists between the most recent pivots, but it does if we compare it to the next one back.
#2: The RSI14 is making a lower high here, the first criteria for a bearish divergence. The built in Divergence indicator then references the candles' HIGHS. Because the most recent HIGH exceeds the previous one, it is considered a higher high and incorrectly identified as a bearish divergence. If we use the candle CLOSE price to identify divergences, this does not qualify.
#3: Here, we see both of the updates in action. Neither of these bearish divergences are identified with the built in Divergence Indicator. The first divergence s missed due to the use of candle HIGHS rather than closes; the original HIGH is greater than the next HIGH, however, comparison of closes shows that it is, in fact, a higher CLOSE. The second divergence is missed because original indicator can only look back one pivot and, consequently, misses the divergence between the next one back.
Please note, you may notice while using this script that some of the older divergences do not show any lines between the oscillator pivots. THIS IS NOT A BUG! In order to draw divergence lines properly for multiple pivots back, I had to use the line.new functions rather than plot functions. These line functions will delete old lines when a certain number have been drawn on the chart so these old ones are automatically erased as time passes.
[OCT] Moving Average Sigmoid VarianceUses a weighted sigmoid function to gauge the difference between two moving averages. Useful as an additional confirmation source for following trends.
The signal line hovers between -1 and 1, -1 being a negative delta and 1 being a positive delta.
Using a minimum and maximum threshold, a trend can be identified based on how far the signal line crosses the thresholds.
The signal is optionally (enabled by default) adjusted by a "momentum", which is calculated as a moving average of the *change* of a value over time. It's a bit finicky to describe, so please take a look at how it's calculated in code if you wish to use it.
The signal, by default, is green when the value is above the threshold, red when it's below the threshold, and yellow when inside the threshold.
NOTE:
This study is extremely untuned and should not be used as the sole inspiration for taking or exiting a position out of the box.
Please play around with the many available configuration options to fine tune the output to fit your personal strategy.
Configurable options:
- All colors
- All moving average algorithms
- All moving average sources
- All moving average lengths
- Threshold values
- Signal and momentum multipliers
- Whether or not to use the momentum
- Whether or not to plot the momentum
S&P Sector Advance/Decline Weighted -Tom1traderEnjoy, enhance your trading (I hope), copy or adapt to your needs and keep smiling!
Thanks to @MartinShkreli. The sector variables and the "repaint" option (approx lines 20 through 32 of this script) are used directly from your script "Sectors"
RECOMMENDATION: Update the sector weightings -inputs are provided. They change as often as monthly and the
annual changes are certainly significant. When updating weighting percentages use the decimal value. I.E. 29% is .29
Good on any time frame. Especially SPY, SPX and ES scalpers and 0DTE options traders may like this a lot.
This gives good signals on S & P and related (ES, SPY) and indicates / plots differently than the AD line or ratio.
Each sector's entire % weight is added or subtracted depending of whether that sector advanced or declined.
Example: Information Tech weight at 29% so that % of 500 (145) is added if InfoTech is up a penny and subtracted if it is
down a penny. All sectors processed the same way so that for a given bar/candle the value will be between +500 (all
sectors up) and -500 (all sectors down). This weighted AD line of sectors is scaled to +/- 350 and plotted as a red/green line
along with aqua/fuchsia columns of its 5 period ema. The line is actual sector behavior and the columns seem to make a
good signal with column zero crosses standing out.
The columns aqua / fuchsia are a 5 period ema of the Sector AD line and give pretty good signals at
zero cross for SPX. I colored the AD red green line also to emphasize the times it opposes the ema
for example the histo/colums zero cross signal is NOT true when the AD line is showing all or most sectors
going the other way.
For readability, the AD line itself is scaled to 350. This lets the columns of the ema stand out better. The hlines at
350 and at 175 give an idea for the AD green red line how much of the sector's weight is up or down.
350 is all sectors up (advancing) and -350 is all sectors down (declining). The hlines at +/- 175 seem to outline
a more or less "neutral" zone. For example in an uptrend with most of the AD level positive and the columns positive;
a negative spike that does not pass the -175 line and returns positive does not seem to impact the price as much as
a deeper negative spike.
Stock Rotation Model [CC]This is an original indicator so a true hidden gem in my opinion. I based this idea off of the work by Giorgos Siligardos (Stocks and Commodities Aug 2012) with his indicator called the Sector Rotation Model. This indicator is best used as a trend confirmation in combination with another indicator such as a leading indicator. This will show you how strong the current stock you are looking at is compared to the S&P 500 which almost everyone uses as a relative strength comparison. Feel free to change the default lengths if you would like as these were just the settings that I liked the best overall. Let me know if you find any good combos that works for most stocks in general. I have included strong buy and sell signals in addition to normal ones so strong signals are darker in color and normal signals are lighter in color. Buy when the line turns green and sell when it turns red.
Let me know if there are any other indicators or scripts you would like to see me publish!
Detrended Ehlers Leading Indicator [CC]The Detrended Ehlers Leading Indicator was created by Bill Mars based off of Ehlers work and this is his attempt to create a leading indicator based on the previous Detrended Synthetic Price . I will be honest that this is a bit of a strange script because it is an indicator based off of the detrended synthetic price which is based off of Ehlers work so I haven't found clear buy and sell signals so I'm open to suggestions. His suggestion for buy and sell signals is to only buy and sell at the indicator crossings but haven't found buy and sell logic that I'm sure about. I have included strong buy and sell signals in addition to normal ones so strong signals are darker in color and normal signals are lighter in color. Buy when the line turns green and sell when it turns red.
Let me know if there are any other indicators or scripts you would like to see me publish!
