CryptoMitchX Memecoin ShorterUpdate for "CryptoMitchX Memecoin Shorter" Indicator
New Features & Improvements:
Conditional Hiding of Recommendations:
SHORT Recommendations: These are now hidden when the RSI (Relative Strength Index) falls below 30, preventing signals during potentially oversold conditions.
Take Profit Recommendations: Hidden when the RSI goes above 60, avoiding signals in potentially overbought market conditions.
Refined Alert System:
Alerts for both SHORT and Take Profit signals now only trigger when the RSI conditions are met, ensuring more targeted notifications.
Code Optimization:
The script has been updated to address scope-related errors, improving its reliability and performance on the TradingView platform.
Technical Details:
RSI Implementation: The RSI is calculated with a 14-period length to determine market momentum.
Conditional Plotting: Instead of using direct conditional statements inside plotting functions, we now use boolean variables to control which signals are plotted, avoiding local scope issues.
Signal Tracking: Continues to track consecutive signals, but now with the added condition of RSI thresholds for more nuanced trading signals.
Usage:
Users will see a cleaner chart with signals only appearing when they are most relevant according to RSI levels, reducing false signals and improving the overall trading strategy experience.
I nstallation:
Simply update or replace the existing indicator script with this new version in your TradingView Pine Script editor.
Known Issues & Limitations:
This update does not include real sentiment analysis due to the limitations of Pine Script in accessing external data. The sentiment is simulated based on price volatility and direction.
Feedback:
We're eager to hear your feedback on these changes. If you encounter any issues or have suggestions for further improvements, please let us know.
Sentiment
Helicopter Volatility Detector v4This Indicator designed to measure market volatility specifically during reversal phases, while ignoring periods of strong trending movements. It helps traders identify when the market is experiencing frequent and significant price reversals, which are often accompanied by increased volatility.
This indicator is suitable for those who want to understand when there is high volatility in the market, such as when Jerome Powell speaks or economic data is released. It can help identify periods when large leveraged positions are likely to be liquidated.
US10Y 63-Day Range Percentage [TomasOnMarkets]Shows the relation of US Government Bonds 10 YR Yield to risk assets like S&P500.
When yields move to the 80th percentile of their rolling 1 quarter (63 day) range, the S&P500 struggles.
The indicator chart's background is painted with red when yields move over 80th percentile. Notice how the risk assets (eg S&P500) goes down in that range.
The indicator works pretty good for the S&P500.
Not as good for bitcoin, but maybe still useful
Credits:
Tomas (@TomasOnMarkets) - x.com/TomasOnMarkets/status/1881770106356641885
Warren Pies (@WarrenPies) - x.com/WarrenPies/status/1881480249139187974
Memecoin Shorter Indicator by CryptoMitchXMemecoin Shorter Indicator by CryptoMitchX
Introducing the "Memecoin Shorter Indicator" designed for traders looking to capitalize on the volatile nature of memecoins. This is built on the concept that MemeCoins can't sustain their rallies and that profits move into safer cryptocurrencies like Bitcoin or Stablecoins.
This indicator combines momentum, volume, and sentiment analysis to signal shorting opportunities with a cap at two consecutive signals to manage risk effectively.
Key Features:
Momentum Analysis: Uses Simple Moving Averages (SMA) to detect when the short-term trend crosses below the long-term trend, indicating potential downward momentum.
Volume Spike Detection: Identifies significant volume increases that could signify a reversal or continuation of a downtrend.
Simulated Sentiment Analysis: Monitors price volatility to simulate sentiment, suggesting "Take Profit" when conditions hint at negative market sentiment.
How to Use:
SHORT: The indicator marks "SHORT" on the chart when conditions are met to initiate a short position. This happens when negative momentum, volume spikes, or simulated negative sentiment are combined.
Take Profit: Signals to take profit after initiating a short position, again limited to two consecutive signals.
Strategies and Tips for Optimization:
Backtesting and Forward Testing:
Before live trading, backtest this indicator with historical data to see how it performs over different market conditions, especially during memecoin pump-and-dump cycles.
Use forward testing in a demo account to understand real-time performance without financial risk.
Customization:
Adjust the short_sma_length and long_sma_length according to the asset's volatility. More volatile memecoins might require shorter periods for quicker signals.
Modify volume_spike_threshold to be more or less sensitive to volume changes based on the average trading volume of the asset.
Risk Management:
Since this indicator allows for two consecutive signals, set strict stop-losses to manage risk. Consider the percentage drop from your entry price where you are comfortable cutting losses.
Use this indicator in conjunction with other technical analysis tools like RSI or MACD for confirmation signals to increase the reliability of your trades.
Market Context:
Understand the broader market sentiment towards memecoins. This indicator works best in bearish or highly volatile scenarios. Keep an eye on news and social media trends that could affect memecoin prices.
Trade Sizing:
Due to the speculative nature of memecoins, consider smaller position sizes to manage potential losses. Even with only two consecutive signals, losses can accumulate quickly in volatile markets.
Exit Strategy:
Beyond taking profit on signals, consider setting a trailing stop loss or using a time-based exit strategy if the market doesn't move as expected after your entry.
Alert Utilization:
Set up alerts for both SHORT and Take Profit signals to monitor opportunities without needing constant chart watching.
Remember, trading meme coins involves high risk due to their speculative nature and susceptibility to manipulation. Always trade with what you can afford to lose and use this indicator as part of a broader trading strategy.
Note: This indicator simulates sentiment based on price action; for real sentiment analysis, external data integration would be necessary, which is beyond the scope of Pine Script in TradingView.
Custom RSI + OBV Scalping Indicator 8080A custom indicator combining RSI (Relative Strength Index) and OBV (On-Balance Volume) can be helpful for scalping by merging momentum and volume signals.
Global Relevant Events MarkerThe Global Relevant Events Marker script is designed to mark significant global events on a chart, such as economic crises or major geopolitical events. It uses vertical lines to indicate the exact dates of these events and places labels (optional) near the lines to provide a description of the event.
Trend with ADX/EMA - Buy & Sell SignalsThis script is designed to help traders make buy and sell decisions based on trend analysis using two key methods: ADX (Average Directional Index) and EMA (Exponential Moving Averages). Here's a breakdown in simple terms:
What Does It Do?
Identifies the Trend's Strength and Direction:
Uses the ADX indicator to determine how strong the trend is.
Compares two lines (DI+ and DI−) to identify whether the trend is moving up or down.
Generates Buy and Sell Signals:
Uses two EMAs (a fast one and a slow one) to check when the price crosses key levels, signaling a possible buy or sell opportunity.
Plots visual indicators (arrows and labels) for easy interpretation.
Color-Codes the Chart:
Highlights the background in green when the trend is bullish (uptrend).
Highlights the background in red when the trend is bearish (downtrend).
Alerts the User:
Creates alerts when specific conditions for buying or selling are met.
Key Components:
1. ADX (Trend Strength & Direction)
What is ADX?
ADX measures how strong the trend is (not the direction). Higher ADX means a stronger trend.
It also calculates two lines:
DI+: Measures upward movement strength.
DI−: Measures downward movement strength.
How It Works in the Script:
If DI+ is greater than DI−, it’s a bullish trend (upward).
If DI− is greater than DI+, it’s a bearish trend (downward).
The background turns green for an uptrend and red for a downtrend.
2. EMA (Buy and Sell Decisions)
What is EMA?
EMA is a moving average that gives more weight to recent prices. It’s used to smooth out price fluctuations.
How It Works in the Script:
The script calculates two EMAs:
Fast EMA (short-term average): Reacts quickly to price changes.
Slow EMA (long-term average): Reacts slower and shows overall trends.
When the Fast EMA crosses above the Slow EMA, it’s a signal to Buy.
When the Fast EMA crosses below the Slow EMA, it’s a signal to Sell.
These signals are marked on the chart as "Buy" and "Sell" labels.
3. Buy and Sell Alerts
The script sets up alerts for the user:
Buy Alert: When a crossover indicates a bullish signal.
Sell Alert: When a crossunder indicates a bearish signal.
Visual Elements on the Chart:
Background Colors:
Green: When the DI+ line indicates an uptrend.
Red: When the DI− line indicates a downtrend.
EMA Lines:
Green Line: Fast EMA.
Red Line: Slow EMA.
Buy/Sell Labels:
"Buy" label: Shown when the Fast EMA crosses above the Slow EMA.
"Sell" label: Shown when the Fast EMA crosses below the Slow EMA.
Why Use This Script?
Trend Analysis: Helps you quickly identify the strength and direction of the market trend.
Buy/Sell Signals: Gives clear signals to enter or exit trades based on trend and EMA crossovers.
Custom Alerts: Ensures you never miss a trading opportunity by notifying you when conditions are met.
Visual Simplicity: Makes it easy to interpret trading signals with color-coded backgrounds and labeled arrows.
Emergent Rays - NovaTheMachineEmergent Rays
An emergent ray is a refracted ray of light that exits a medium or channel. Emergent rays can be created when light passes through a prism, glass slab, or mirror
This visual indicator has been designed to aid in developing psychological understanding of price action. Many traders often struggle with developing strategy that they can act on, repeatedly. The difference between gambling and trading successfully comes down to following a plan, that you have tested and determined to be profitable over the long term.
Some traders experience anxiety when trading trends, trying to time a reversal, or entering a trade based on emotions and are unsure where they should place a stop - if they bother to place one at all.
I developed this indicator to help traders practice responsible trading practices and develop discipline. When applied to a chart an array of light rays will be plotted, similarly to those that are emitted from light passing through a medium such as a prism. These rays are a series of EMAs high & low values, filled with an assigned color.
The indicator does not suggest an entry or exit, it allows for freedom of user interpretation, however - when in a trending market you may notice that the rays are tested multiple times when the market is trending in the same direction. When trading trends it makes sense to enter at the discounted value (pullbacks) and exit on extensions. There are two main reasons for this; first is manage risk, second is to profit from a successful trade.
To practice discipline and remove emotions from trading, one must be willing to accept the outcome of a trade - regardless of whether it was profitable or not, based on their strategy.
The visual gradient of the rays signifies the pullback to stoploss risk. As price expands it is clear to see that the distance from red to blue rays increases, which means entering a trade on a touch of the red ray requires a larger stoploss than entering a pullback to the green or blue rays. When price closes on the opposite side of a ray from where it was trending - we accept the trend may have ended and must wait for the next trend cycle. If the price action is range bound we will notice the rays melting together to create a grey ray that signifies this is not the best place to be trading any type of trend following strategy.
Using this indicator in an uptrend (price expansion upwards), we look to enter long positions of retests (pullbacks) into the rays - with a stoploss set below the lowest rays; as we do not believe the uptrend is over until the trend has been broken.
Using this indicator in a downtrend (price expansion downwards), we look to enter short positions of retests (pullbacks) into the rays - with a stoploss set below the lowest rays; as we do not believe the uptrend is over until the trend has been broken.
When price is range bound or consolidating, we do not enter trades; wait for clear trend to be established.
By practicing discipline, we are able to overcome the emotions involved with trading, remove hesitation, and trade our plans more confidently through appropriate risk management and radical acceptance.
Intraday Chaos FilterIntraday trading requires precise tools and strategies to navigate the chaotic fluctuations of the market. The "Intraday Chaos Filter" indicator is designed to provide traders with a systematic approach to managing market noise. This Pine Script™ indicator helps identify potential trend shifts and provides a visual representation of price action, aiding in making informed trading decisions. By focusing on reducing market chaos, it aims to provide a clearer picture of the underlying trend, regardless of the volatility.
At the heart of the indicator lies the multiplier input, a customizable setting that adjusts the sensitivity of the filter. The multiplier directly influences the chaos threshold by determining the percentage deviation allowed before signaling a trend reversal. A higher multiplier results in a less sensitive filter, reducing the number of signals during minor price fluctuations. This flexibility allows traders to adapt the indicator to different trading styles and market conditions, making it versatile for a range of intraday strategies.
The "Intraday Chaos Filter" operates by tracking two key price levels: src1 and src2, representing the highest and lowest prices during a trend. These levels are dynamically adjusted based on the closing price, ensuring that the indicator adapts in real time. The trend direction is determined by comparing the current price against a calculated filter level. When the price crosses the threshold in either direction, it signals a potential trend reversal, marked by a change in candle colors on the chart. Green represents an upward trend, while red signifies a downward trend, making it visually intuitive for traders.
This indicator's simplicity and clarity make it a valuable addition to any trader's toolkit. By focusing on trend direction and filtering out minor fluctuations, it helps traders stay focused on significant market movements. The integration of customizable settings ensures adaptability to various trading preferences, providing both novice and experienced traders with a reliable tool for intraday decision-making. The "Intraday Chaos Filter" offers an effective way to navigate market noise, enabling traders to identify opportunities with confidence.
Codi's Perp-Spot Basis# Perp-Spot Basis Indicator
This indicator calculates the percentage basis between perpetual futures and spot prices for crypto assets. It is inspired by the original concept from **Krugermacro**, with the added improvement of **automatic detection of the asset pairs** based on the current chart symbol. This enhancement makes it faster and easier to apply across different assets without manual configuration.
## How It Works
The indicator compares the perpetual futures price (e.g., `BTCUSDT.P`) to the spot price (e.g., `BTCUSDT`) on Binance. The difference is expressed as a percentage: (Perp - Spot) / Spot * 100
The results are displayed in a color-coded graph:
- **Blue (Positive Basis):** Perpetual futures are trading at a premium, indicating **bullish sentiment** among derivatives traders.
- **Red (Negative Basis):** Perpetual futures are trading at a discount, indicating **bearish sentiment** among derivatives traders.
This percentage basis is a core component in understanding funding rates and derivatives market dynamics. It serves as a faster proxy for funding rates, which typically lag behind real-time price movements.
---
## How to Use It
### General Concept
- **Red (Negative Basis):** Ideal to execute **longs** when derivatives traders are overly bearish.
- **Blue (Positive Basis):** Ideal to execute **shorts** when derivatives traders are overly bullish.
### Pullback Sniping
1. During an **uptrend**:
- If the basis turns **red** temporarily, it can signal an opportunity to **buy the dip**.
2. During a **downtrend**:
- If the basis turns **blue** temporarily, it can signal an opportunity to **sell the rip**.
3. Wait for the basis to **pop back** (higher in uptrend, lower in downtrend) to time entries more effectively—this often coincides with **stop runs** or **liquidations**.
### Intraday Execution
- **When price is falling**:
- If the basis is **red**, the move is derivatives-led (**normal**).
- If the basis is **blue**, spot traders are leading, and perps are offside—wait for **price dumps** before longing.
- **When price is rising**:
- If the basis is **blue**, the move is derivatives-led (**normal**).
- If the basis is **red**, spot traders are leading, and perps are offside—wait for **price pops** before shorting.
### Larger Time Frames
- **Consistently Blue Basis:** Indicates a **bull market** as derivatives traders are bullish over the long term.
- **Consistently Red Basis:** Indicates a **bear market** as derivatives traders are bearish over the long term.
---
## Improvements Over the Original
This version of the Perp-Spot Basis indicator **automatically detects the Binance perpetual futures and spot pairs** based on the current chart symbol. For example:
- If you are viewing `ETHUSDT`, it automatically references `ETHUSDT.P` for the perpetual futures pair and `ETHUSDT` for the spot pair in BINANCE.
Robinhood Crypto Combined Volume Tracker
This indicator provides a comprehensive visualization of the combined trading volume for all cryptocurrency pairs available on Robinhood, tailored to the selected region (USA or Europe). The chart dynamically updates based on your selected region, providing actionable insights into market activity.
Features:
Dynamic Region Selection: Toggle between USA and Europe to display the relevant trading pairs for your region.
Combined Volume Visualization: Aggregates and plots the total trading volume for all selected cryptocurrency pairs.
Dynamic Background: Background color changes based on the selected region for visual clarity.
Real-Time Debug Label: Displays the selected region and current total combined volume on the latest bar.
Color-Coded Chart: Distinct plot colors for USA (blue) and Europe (green) to easily identify the region.
Use Cases:
Market Trends: Monitor total crypto market activity to gauge investor interest and trading momentum in different regions.
Region-Specific Analysis: Compare trading behavior between USA and Europe by switching regions.
Volume Comparisons: Assess market strength by observing changes in combined volume over time.
How to Use:
Select your desired region (USA/Europe) using the "Select Region" dropdown.
View the combined trading volume plot on the chart.
Use the background color and chart plot for quick identification of region-specific data.
Notes:
The combined volume calculation is based on the daily timeframe (D) and updates dynamically.
Ensure the selected region matches your area of interest to get accurate insights.
This indicator is ideal for traders looking to analyze and compare crypto trading activity across regions in a consolidated view.
India VIXThe VIX chart represents the Volatility Index, commonly referred to as the "Fear Gauge" of the stock market. It measures the market's expectations of future volatility over the next 30 days, based on the implied volatility of NSE index options. The VIX is often used as an indicator of investor sentiment, reflecting the level of fear or uncertainty in the market.
Here’s a breakdown of what you might observe on a typical VIX chart:
VIX Value: The y-axis typically represents the VIX index value, with higher values indicating higher levels of expected market volatility (more fear or uncertainty), and lower values signaling calm or stable market conditions.
VIX Spikes: Large spikes in the VIX often correspond to market downturns or periods of heightened uncertainty, such as during financial crises or major geopolitical events. A high VIX is often associated with a drop in the stock market.
VIX Drops: A decline in the VIX indicates a reduction in expected market volatility, usually linked with periods of market calm or rising stock prices.
Trend Analysis: Technical traders might use moving averages or other indicators on the VIX chart to assess the potential for future market movements.
Inverse Relationship with the Stock Market: Typically, there is an inverse correlation between the VIX and the stock market. When stocks fall sharply, volatility increases, and the VIX tends to rise. Conversely, when the stock market rallies or remains stable, the VIX tends to fall.
A typical interpretation would be that when the VIX is low, the market is relatively stable, and when the VIX is high, the market is perceived to be uncertain or volatile.
Internals Elite NYSE [Beta]Overview:
This indicator is designed to provide traders with a quick overview of key market internals and metrics in a single, easy-to-read table displayed directly on the chart. It incorporates a variety of metrics that help gauge market sentiment, momentum, and overall market conditions.
The table dynamically updates in real-time and uses color-coding to highlight significant changes or thresholds, allowing traders to quickly interpret the data and make informed trading decisions.
Features:
Market Internals:
TICK: Measures the difference between the number of stocks ticking up versus those ticking down on the NYSE. Green or red background indicates if it crosses a user-defined threshold.
Advance/Decline (ADD): Shows the net number of advancing versus declining stocks on the NYSE. Color-coded to show positive, negative, or neutral conditions.
Volatility Metrics:
VIX Change (%): Displays the percentage change in the Volatility Index (VIX), a key gauge of market fear or complacency. Color-coded for direction.
VIX Price: Displays the current VIX price with thresholds to indicate low, medium, or high volatility.
Other Market Metrics:
DXY Change (%): Percentage change in the US Dollar Index (DXY), indicating dollar strength or weakness.
VWAP Deviation (%): Percentage of stocks above VWAP (Volume Weighted Average Price), helping traders assess intraday buying and selling pressure.
Asset-Specific Metrics:
BTCUSD Change (%): Percentage change in Bitcoin (BTC) price, useful for monitoring cryptocurrency sentiment.
SPY Change (%): Percentage change in the S&P 500 ETF (SPY), a proxy for the overall stock market.
Current Ticker Change (%): Percentage change in the currently selected ticker on the chart.
US10Y Change (%): Percentage change in the yield of the 10-Year US Treasury Note (TVC:US10Y), an important macroeconomic indicator.
Customizable Appearance:
Adjustable text size to suit your chart layout.
User-defined thresholds for key metrics (e.g., TICK, ADD, VWAP, VIX).
Dynamic Table Placement:
You can position the table anywhere on the chart: top-right, top-left, bottom-right, bottom-left, middle-right, or middle-left.
How to Use:
Add the Indicator to Your Chart:
Apply the indicator to your chart from the Pine Script editor in TradingView.
Customize the Inputs:
Adjust the thresholds for TICK, ADD, VWAP, and VIX according to your trading style.
Enable or disable the metrics you want to see in the table by toggling the display options for each metric (e.g., Show TICK, Show BTC, Show SPY).
Set the table placement to your preferred position on the chart.
Interpret the Table:
Look for color-coded cells to quickly identify significant changes or breaches of thresholds.
Positive values are typically shown in green, negative values in red, and neutral/insignificant changes in gray.
Use metrics like TICK and ADD to gauge market breadth and momentum.
Refer to VWAP deviation to assess intraday buying or selling pressure.
Monitor the VIX and US10Y changes to stay aware of macroeconomic and volatility shifts.
Incorporate Into Your Strategy:
Use the indicator alongside technical analysis to confirm setups or identify areas of caution.
Keep an eye on correlated metrics (e.g., VIX and SPY) for broader market context.
Use BTCUSD or DXY as additional indicators of risk-on/risk-off sentiment.
Ideal Users:
Day Traders: Quickly gauge intraday market conditions and momentum.
Swing Traders: Identify broader sentiment shifts using metrics like ADD, DXY, and US10Y.
Macro Investors: Stay updated on key macroeconomic indicators like the 10-Year Treasury yield (US10Y) and the US Dollar Index (DXY).
This indicator serves as a comprehensive tool for understanding market conditions at a glance, enabling traders to act decisively based on the latest data.
JJ Psychological Levels (125 Increments)Psychological Levels Indicator
Description:
The Psychological Levels Indicator is a versatile tool designed for traders to identify key price levels that often act as support or resistance zones in the market. These levels are plotted at regular intervals, customizable by the user, starting from a base price level. This is particularly useful for spotting psychological price points that traders and investors frequently monitor.
Key Features:
1.Dynamic Psychological Levels:
- The script calculates and displays horizontal lines at price levels separated by customizable increments (default: 125 points).
- These levels are dynamically adjusted to the visible range of the chart.
2. Customizable Inputs:
- Starting Level: Set the base level from which increments are calculated (e.g., 0 or 1000).
- Step Size: Define the interval between levels (e.g., 125 for indices like Bank NIFTY).
3. Visual Representation:
- Horizontal lines are drawn at each psychological level, helping traders quickly identify key zones.
- Labels are placed next to each level, displaying the corresponding price for easy reference.
4. Application Across Instruments:
- This indicator works seamlessly with various asset classes, including stocks, indices, forex, and cryptocurrencies.
How to Use:
1.Identify Key Price Zones:
- Use the plotted psychological levels to spot areas where price action is likely to react.
- Levels such as 1125, 1250, and 1375 (for a step size of 125) are visually highlighted.
2. Plan Trades Around Key Levels:
- These levels can act as support/resistance or breakout points, providing opportunities for entry, exit, and stop-loss placement.
3. Customizable Settings:
- Adjust the starting level and step size to tailor the indicator to your trading instrument or strategy.
Why Psychological Levels Matter:
Psychological levels are widely followed by traders and often coincide with key market turning points due to their significance in human behavior and market psychology. They are frequently used by institutional traders, making them valuable reference points for intraday and swing trading.
Custom Settings:
- **Starting Level:** Default: `0`
- **Step Size:** Default: `125`
Disclaimer:
This indicator is a technical analysis tool and is not intended to provide financial advice. Always combine it with other indicators and perform your due diligence before making trading decisions.
Choppiness Index (levels)This Pine Script is a Choppiness Index Indicator with gradient visual enhancements. The Choppiness Index is a technical analysis tool that measures the "choppiness" or sideways movement of the market. It ranges from 0 to 100, where higher values indicate a more consolidated or sideways market, and lower values suggest a trending market.
Key Features:
Choppiness Index Calculation:
The script calculates the Choppiness Index based on the Average True Range (ATR) and the highest and lowest prices over a user-defined period (length).
Visual Bands:
Horizontal dashed lines are drawn at levels 55 (Upper Band), 50 (Middle Band), and 45 (Lower Band) to define key levels for interpreting the indicator.
Gradient Fills:
A blue fill is applied between the upper and lower bands (45–55) for visual clarity.
Dynamic gradients are applied to the areas:
Above the Upper Band (55–100): A green gradient fill where the color intensity increases with higher values.
Below the Lower Band (0–45): A red gradient fill where the color intensity increases with lower values.
Offset Option:
The offset input allows users to shift the Choppiness Index plot horizontally for visualization or alignment purposes.
Usage:
This indicator helps traders quickly assess market conditions:
Values above 55 indicate a choppy, non-trending market.
Values below 45 indicate a trending market.
The gradient fills make it easier to spot extreme conditions visually.
Customization:
Users can adjust:
length: The calculation period for the Choppiness Index.
offset: Horizontal shift of the Choppiness Index plot.
The gradient colors (green and red) and transparency levels are customizable in the script.
This enhanced visualization is ideal for traders who want a clear and intuitive representation of market choppiness, combined with visually striking gradient fills for quick analysis of market conditions.
NVOL Normalized Volume & VolatilityOVERVIEW
Plots a normalized volume (or volatility) relative to a given bar's typical value across all charted sessions. The concept is similar to Relative Volume (RVOL) and Average True Range (ATR), but rather than using a moving average, this script uses bar data from previous sessions to more accurately separate what's normal from what's anomalous. Compatible on all timeframes and symbols.
Having volume and volatility processed within a single indicator not only allows you to toggle between the two for a consistent data display, it also allows you to measure how correlated they are. These measurements are available in the data table.
DATA & MATH
The core formula used to normalize each bar is:
( Value / Basis ) × Scale
Value
The current bar's volume or volatility (see INPUTS section). When set to volume, it's exactly what you would expect (the volume of the bar). When set to volatility, it's the bar's range (high - low).
Basis
A statistical threshold (Mean, Median, or Q3) plus a Sigma multiple (standard deviations). The default is set to the Mean + Sigma × 3 , which represents 99.7% of data in a normal distribution. The values are derived from the current bar's equivalent in other sessions. For example, if the current bar time is 9:30 AM, all previous 9:30 AM bars would be used to get the Mean and Sigma. Thus Mean + Sigma × 3 would represent the Normal Bar Vol at 9:30 AM.
Scale
Depends on the Normalize setting, where it is 1 when set to Ratio, and 100 when set to Percent. This simply determines the plot's scale (ie. 0 to 1 vs. 0 to 100).
INPUTS
While the default configuration is recommended for a majority of use cases (see BEST PRACTICES), settings should be adjusted so most of the Normalized Plot and Linear Regression are below the Signal Zone. Only the most extreme values should exceed this area.
Normalize
Allows you to specify what should be normalized (Volume or Volatility) and how it should be measured (as a Ratio or Percentage). This sets the value and scale in the core formula.
Basis
Specifies the statistical threshold (Mean, Median, or Q3) and how many standard deviations should be added to it (Sigma). This is the basis in the core formula.
Mean is the sum of values divided by the quantity of values. It's what most people think of when they say "average."
Median is the middle value, where 50% of the data will be lower and 50% will be higher.
Q3 is short for Third Quartile, where 75% of the data will be lower and 25% will be higher (think three quarters).
Sample
Determines the maximum sample size.
All Charted Bars is the default and recommended option, and ignores the adjacent lookback number.
Lookback is not recommended, but it is available for comparisons. It uses the adjacent lookback number and is likely to produce unreliable results outside a very specific context that is not suitable for most traders. Normalization is not a moving average. Unless you have a good reason to limit the sample size, do not use this option and instead use All Charted Bars .
Show Vol. name on plot
Overlays "VOLUME" or "VOLATILITY" on the plot (whichever you've selected).
Lin. Reg.
Polynomial regressions are great for capturing non-linear patterns in data. TradingView offers a "linear regression curve", which this script uses as a substitute. If you're unfamiliar with either term, think of this like a better moving average.
You're able to specify the color, length, and multiple (how much to amplify the value). The linear regression derives its value from the normalized values.
Norm. Val.
This is the color of the normalized value of the current bar (see DATA & MATH section). You're able to specify the default, within signal, and beyond signal colors. As well as the plot style.
Fade in colors between zero and the signal
Programmatically adjust the opacity of the primary plot color based on it's normalized value. When enabled, values equal to 0 will be fully transparent, become more opaque as they move away from 0, and be fully opaque at the signal. Adjusting opacity in this way helps make difference more obvious.
Plot relative to bar direction
If enabled, the normalized value will be multiplied by -1 when a bar's open is greater than the bar's close, mirroring price direction.
Technically volume and volatility are directionless. Meaning there's really no such thing as buy volume, sell volume, positive volatility, or negative volatility. There is just volume (1 buy = 1 sell = 1 volume) and volatility (high - low). Even so, visually reflecting the net effect of pricing pressure can still be useful. That's all this setting does.
Sig. Zone
Signal zones make identifying extremes easier. They do not signal if you should buy or sell, only that the current measurement is beyond what's normal. You are able to adjust the color and bounds of the zone.
Int. Levels
Interim levels can be useful when you want to visually bracket values into high / medium / low. These levels can have a value anywhere between 0 and 1. They will automatically be multiplied by 100 when the scale is set to Percent.
Zero Line
This setting allows you to specify the visibility of the zero line to best suit your trading style.
Volume & Volatility Stats
Displays a table of core values for both volume and volatility. Specifically the actual value, threshold (mean, median, or Q3), sigma (standard deviation), basis, normalized value, and linear regression.
Correlation Stats
Displays a table of correlation statistics for the current bar, as well as the data set average. Specifically the coefficient, R2, and P-Value.
Indices & Sample Size
Displays a table of mixed data. Specifically the current bar's index within the session, the current bar's index within the sample, and the sample size used to normalize the current bar's value.
BEST PRACTICES
NVOL can tell you what's normal for 9:30 AM. RVOL and ATR can only tell you if the current value is higher or lower than a moving average.
In a normal distribution (bell curve) 99.7% of data occurs within 3 standard deviations of the mean. This is why the default basis is set to "Mean, 3"; it includes the typical day-to-day fluctuations, better contextualizing what's actually normal, minimizing false positives.
This means a ratio value greater than 1 only occurs 0.3% of the time. A series of these values warrants your attention. Which is why the default signal zone is between 1 and 2. Ratios beyond 2 would be considered extreme with the default settings.
Inversely, ratio values less than 1 (the normal daily fluctuations) also tell a story. We should expect most values to occur around the middle 3rd, which is why interim levels default to 0.33 and 0.66, visually simplifying a given move's participation. These can be set to whatever you like and only serve as visual aids for your specific trading style.
It's worth noting that the linear regression oscillates when plotted directionally, which can help clarify short term move exhaustion and continuation. Akin to a relative strength index (RSI), it may be used to inform a trading decision, but it should not be the only factor.
First 5-Minute Premarket High/Low Break RetestDay trading method that uses the 5 minute candle high and low but trade on the 1 minute chart.
This is a break and retest trading strategy based on the market open 5 minute high and low candle.
Additional levels would be the premarket high and low plotted in blue on the chart. It's not uncommon for the 5 minute to be near the premarket high and low zone.
The break and restest of the 5 minute white lines either to the downside or upside. Once a hammer or long wick candle forms near or touching the retest of the 5 minute line that indicates an entry point.
It's best to have another confirmation for entry such as the 13 and 100 ema cross to confirm good position and risk.
This is a repetable and solid trading strategy. The indicator was created to plot on the 1 and 5 minute charts.
CANDLE RANGE THEORY (H1 Only)Hello traders.
This indicator identifies CRT candles
-Each candle is a range.
-Each candle has its own po3.
-Focus on specific times of the day. By recognizing the importance of time and price, we can capture high-quality trades. Together with HTF PD array, Look for 4-hour candles forming at specific times of the day. (1am - 5am - 9am EST)
-After the 1st candle, wait for the 2nd candle to clear the high/low of the 1st candle and then close inside the 1st candle range at a specific time (1-5-9) and look for entries in the LTF
Why choose 1 5 9 hours EST?
### **1. 1:00 AM (EST)**
- **Trading Session:** This is the time between the Tokyo (Asian) session and the Sydney (Australian) session. The Asian market is very active.
- **Characteristics:**
- Liquidity: Moderate, as only the Asian market is active.
- Volatility: Pairs involving JPY (Japanese Yen), AUD (Australian Dollar), and NZD (New Zealand Dollar) tend to have higher volatility.
- Trading Opportunities: Suitable for traders who like to trade trends or news in the Asian region.
- **Note:** Volatility may be lower than the London or New York session.
### **2. 5:00 AM (EST)**
- **Trading Session:** This is the time near the end of the Tokyo session and the London (European) session is about to open.
- **Characteristics:**
- Liquidity: Starts to increase due to the preparation of the European market.
- Volatility: This is the time between two trading sessions, there can be strong fluctuations, especially in major currency pairs such as EUR/USD, GBP/USD.
- Trading opportunities: Suitable for breakout trading strategies when liquidity increases.
- **Note:** The overlap between Tokyo and London can cause sudden fluctuations.
### **3. 9:00 AM (EST)**
- **Trading sessions:** This time is within the London session and near the beginning of the New York session.
- **Characteristics:**
- Liquidity: Very high, as this is the period between the two largest sessions – London and New York.
- Volatility: Extremely strong, especially for major currency pairs such as EUR/USD, GBP/USD, USD/JPY.
- Trading opportunities: Suitable for both news trading and trend trading, as this is the time when a lot of economic data is released (usually from the US or the European region).
- **Note:** High volatility can bring big profits, but also comes with high risks.
### **Summary of effects:**
- **1 AM (EST):** Moderate volatility, focusing on Asian currency pairs.
- **5 AM (EST):** Increased liquidity and volatility, suitable for breakout trading.
- **9 AM (EST):** High volatility and high liquidity, the best time for Forex trading.
==> How to trade, when the high/low of CRT is swept, move to LTF to wait for confirmation to enter the order
Only sell at high level and buy at discount price.
Find CE at specific important time. Trading CRT with HTF direction has better win rate.
The more inside bars, the higher the probability.
Place a partial and Move breakeven at 50% range.
Do a backtest and post your chart.
Binance Perp Premium/DiscountThis TradingView Pine Script indicator calculates and displays the premium or discount percentage between a cryptocurrency's spot price and its corresponding perpetual futures (perp) price on Binance. It automatically detects whether the current chart symbol represents a spot or perp market by checking for the ".P" suffix. The script then retrieves the closing prices for both the spot and perp symbols using the request.security function. If valid data is available for both markets, it computes the premium or discount as a percentage and visualizes this difference as a histogram below the main chart. Green bars indicate a premium (perp price above spot), while red bars signify a discount (perp price below spot). The indicator includes error handling to display 'n/a' when data for the required symbols is unavailable, ensuring robustness across various chart applications.
PreMarket_Estimator Portfolio [n_dot]AMEX:SOXL ; NASDAQ:TQQQ ; AMEX:FNGU ; AMEX:SOXS ; NASDAQ:SQQQ ; AMEX:FNGD
Strategy Core Idea:
I focus on stocks that are expected to show significant price movements (gaps) during the premarket, usually due to news or earnings reports. I record the highest price formed during the premarket, and if the price exceeds this level after the market opens, I go LONG. Based on my experience, it’s advisable to exit after a few percentage points of increase, as the premarket boom often corrects itself.
Usage:
The indicator is best used in pairs: Pre_Market_Estimator Single and Pre_Market_Estimator Portfolio.
In this portfolio version, you can set up 6 different instruments, which are displayed stacked vertically on the screen, while the single version monitors only one instrument. The portfolio does not plot charts at the actual price levels but offsets them vertically, displaying the current prices in a label at the end of each chart.
Settings:
Time point 1: Start of the observation period.
Time point 2: End of the observation period / Start of the trading period.
GAP: is used to adjust the distance between the charts displayed in the portfolio view. This allows you to customize the spacing for better readability and visualization of the monitored instruments.
Usage:
Set the timeframe period to "1m".
Set Time point 1 to the start of the premarket session on the current day (e.g., NYSE: 9:00).
Set Time point 2 to the market open (e.g., NYSE: 9:30).
The indicator monitors the highest price during the premarket period, marking it with a blue line.
During the subsequent trading period, if the price exceeds the premarket high, it generates a buy signal marked with a blue plus sign.
Limitations:
The premarket prediction typically provides actionable signals during the first 30 minutes to 1 hour of the trading session. After this, the trend is usually driven by daily market events or news.
To reduce data usage, the portfolio version of the indicator (which monitors 6 instruments simultaneously) only loads the last 24 hours of data (60 * 24 minutes). After this, the chart stops providing signals, and the time points need to be reset.
Additional Use Cases:
This type of breakout monitoring is not only suitable for observing premarket events but can also provide relevant information before major announcements.
For example, in the case of central bank rate hikes:
Set Point 1 to 1 hour before the announcement.
Set Point 2 to the time of the announcement.
I hope this contributes to your success!
Multi-Stock Price AlertThis indicator is designed to track up to 25 stock tickers and trigger price alerts whenever their respective price targets are reached. The indicator allows users to input ticker symbols and corresponding price targets for multiple stocks. It continuously monitors the stock prices and generates alerts when the current price crosses or equals the specified target.
