This is an improved version of the on balance volume indicator.
I made it inside a bollinger band channel, so we can define better the zones. At the same time I applied 2 moving averages on OBV, to get a better idea of the trend and at same time that change direction of the trend.
Green - > uptrend - > we look for buy positions
Red - > downtrend -> we look for...
How it begin?
Traders and investors use market breadth in order to assess the index’s overall health. Market breadth can be a reliable, if not an accurate, indicator of an upcoming price rise in the index. Similarly, it can also provide early warning signs for a future price decline.
What is it？
market breadth in this case refer to percentage of stocks above...
MAGICBAND consists of 2 lines above or below the price which acts as a resistance/support band in strong trending markets.
It is a trend indicator, unlike regular indicators, where we use the signal line , MAGICBAND takes help of Double MACD and Pivot points to establish strong reversal points in any instrument you trade. Since volume is incorporated...
Sweet OHLC is a tasteful and flexible take on displaying the OHLC data for the previous and current trading sessions.
During Pre-Market Hours (midnight to market open)
Previous Day's High
Previous Day's Low
Previous Day's Close
During Market Hours (session hours)
Previous Day's High
Previous Day's Low
Stocks Advance/Decline Histogram indicator, which I call ADH is my own implementation that plots an histogram of the difference between the number of advancing and declining stocks on a daily basis (or higher time frame) for the NASDAQ and NYSE.
How to use it?
Green: More NYSE stocks are advancing than declining.
Red: More NYSE stocks are declining than...
Stochastics indicator on the COT commercials net positions. It looks for the actual level of this value inbetween the extreme values of the lookback period. A value above 80 oder 90 percent is interpreted as a bulllish extreme, a value below 20 or 10 percent is interpreted accordingly a bearish. In fact the absolute level of the commercials net positions should be...
This indicator tells how many days it is making new HighLowPeriod highs or lows in Lookback period.
If bar makes new HighLowPeriod high, HighLow index for that bar is +1
If bar makes new HighLowPeriod low, HighLow index for that bar is -1
Cumulative high low index is sum of HighLow index for Lookback periods.
Optional moving average can also be...
This strategy uses NYSE McClellan summation Index as an input for Stochastics to produce Buy/Sell signals. Buy signal is produced when Stochastics K Line Closes over 50, and Sell signal when closes under 50.
Info on McClellan Summation Index: www.investopedia.com
Info on Stochastics:...
Originally written by @ceyhun
I added a low lag filter to key components to smooth the bars. The user can adjust the parameters 'fast' and 'slow' to tune.
The original comments of ceyhun are below repeated:
Buying Selling Volume
-Buy Volume Percent %
-Sell Volume Percent %
An indicator for traders who trade intraday on the US market. It makes use of the symbols made available by TradingView to show the number of advancing vs declining stocks.
The GREEN AREA represents advancing issues. The INTENSE GREEN AREA represents the advancing issues at daily high.
The RED AREA represents declining issues. The INTENSE RED AREA represents the...
OBV where you can choose a specific timeframe. Also I duplicated it, so now it could be easier to draw trendlines if you pick dots and line.
The main idea is to spot divergence between the price and OBV. Big buys or sells could be well camouflaged on the 4H 1D candles, but it's much harder to hide something on 1-5 min timeframes.
My goal was to create something akin to the Fear & Greed Index ( money.cnn.com ) that CNN and others do.
A Fear/Greed Index can be used by any trader or investor but I believe it's best viewed with a contrarian's eye--
When the market appears to be signalling Extreme Fear, that is a good place to start buying from emotional...
™TradeChartist Fib Master is a versatile Fibonacci Support and Resistance indicator that can be used to plot Automatic Levels and Fibonacci Levels based on a variety of ways from the settings, including Auto Fibs plot by connecting to an external...
Sweet little momentum gadget to track the VIX Index.
What is the VIX?
The CBOE S&P 500 Volatility Index (VIX) is known as the 'Fear Index' which can measure how worried traders are that the S&P 500 might suddenly drop within the next 30 days.
When the VIX starts moving higher, it is telling you that traders are getting nervous. When the VIX starts moving lower,...
Yet another "Low - High" indicator using the new Pine Script Arrays.
The indicator uses the latests Lows and Highs to plot a trend line and reversal/slowdown.
More detailed explanation inside the script.
Green - Up Trending
Red - Down Trending
White - Slow Down/Reversal might occur.
Made for educational purposes of how to use Arrays, yet can be...