Adaptive Commodity ChannelThis is part 4 of 11 in the system named Ninetales/Volt V2 you can find on Tradingview.
Use it however you would use standard CCI, just add your preferred values to test against each other, and set the period you would like for it to backtest.
Index
Elders Force Index - With Signal EMA - ValenteSame as Elders Force Index, but with an Additional EMA for buy and sell signal
Put Call RatioPlots the CBOE Put Call Ratio and marks up locations of extremities.
Useful as a factor of confluence in identifying extremities in the market.
Nifty VolumeWhy this Script : Nifty 50 does not provide volume and some time it is really useful to understand the volume .
This is the pine script which calculate the nifty 50 volume .
Logic :
Take each stock contribute to nifty 50 and find it's volume .
Multiply the same with contribution percentage of the same on Nifty 50
Add up all of them and find the total volume .
There is a similar script by @daytraderph which is built for Bank Nifty (custom volume) . I took the same and built for Nfity.
Nifty has 50 stocks and you cant call security method more than 40 times from one Pine script, so this is the limitation of this script. It consider top 40 stocks and find the volume (which contribute pretty much around 95% of the volume) and convert the same to 100 %
Bank Nifty VolumeWhy this Script : Nifty 50 does not provide volume and some time it is really useful to understand the volume .
This is the pine script which calculate the nifty 50 volume .
Logic :
Take each stock contribute to nifty 50 and find it's volume .
Multiply the same with contribution percentage of the same on Nifty 50
Add up all of them and find the total volume .
I took the open source code from @daytraderph script called, Custom Volume
I will make sure I will update the contribution percentage of all stocks my self instead o you update using input methods. This is the difference. Some people don't know where to look at this to update the value, so for them this script might be useful. And this is the only difference comparing to Custom Volume script.
Index SMA vs. CloseVery simple script that index the close price with the SMA 20,50 and 200. It is very useful to plot and see if stocks are extended vs. de SMAs.
Index Trend Filter - Weekend Trend TraderThis little script simply gives you a quick visual cue of where price is compared to a particular EMA of another security or underlying index.
It is based on Nick Radge's broader market filter weekend trend trader system, but can be applied to other timeframes if you want to confirm if the index is in an up trend or down trend.
• Green means the underlying index price is above the EMA
• Red means the underlying index price is below the EMA
VIX TrendlineThis indicator helps to see the volatility index (VIX) trendline in all stock charts without opening the VIX chart explicitly.
Hope this helps many of you to be more efficient in your chart analysis - have fun!
FauxLife EFIModification to Elder's Force Index (EFI)
Ability to change calculation from standard EMA to your choice of SMA, EMA, WMA, or HMA. Very interesting results!
Adjust lookback from standard/suggested 13 candlesticks
Added a color indication to positive or negative force reading
Added background color tint for an easier read on dashboard setups
Suggested pair with my On Balance Volume with Cross to use as a filter & entry/exit setup. Enter or exit trades when the two indicators switch at the same time or within 1-2 candlesticks of each other.
COT extremes indexCalculates the difference between net of noncommercials and net of commercials.
Difference = (net of noncommercials) - (net of commercials).
The extreme reading in one end or another may indicate the possible change of trend.
Based on Tradingview COT sample script and Babypips formula.
Works on daily timeframe.
Forex Virtual Index FIAT VersionThis is virtually created FX Fiat pairs index based on OANDAs data.
Pairs are: EUR/USD , AUD/USD , GBP/USD , NZD/USD , AUD/JPY , EUR/JPY , GBP/JPY , USD/JPY , USD/CAD , USD/PLN
Be awared that some pairs like USD/CAD , have reversed correlation to the index.
You may look at the gaps as on standard S/R levels.
ps. Take look inside the scirpt's settings.
ps2. This script is invite-only for the members of our trading group (info in signature, group is free of charge).
{INDYAN} Dual Supertrend#Always follow MAJOR trend, find MINOR trend as per Major trend and choose entry/exit accordingly .
Suppose major trend is blue so only go long while inside minor trend is green, when it turns RED exit from long but dont short in BLUE i.e. major uptrend and vice versa for downtrend i.e. major should be pink and minor should be red for short and when it turn green under pink just exit the sort.
By default major trend is set to 15 Minutes which is generally good for index, and 1 hour should be for stocks. You can change it through settings.
My recommendation for index is major should be 15 minutes and minor 5 and for stocks major should be 1 hour and minor 15 minutes.
It can be used with index,stocks and commodties.
Hope it will help my trader friends.
Happy Trading...
Love INDYAN
MyAlgoPLEASE READ THE ENTIRE POST BEFORE PURCHASING & USING THE MyAlgo Tool. Saves you and me some time in emails and messages. :)
This is the official version of MyAlgo
PLEASE UNDERSTAND THAT THIS IS A DIFFERENT AND SEPARATE PRODUCT AND SCRIPT FROM "MyAlgo SLIM" FROM THE MyAlgo TRADING TOOL SERIES
Description
Buy & Sell Alerts can be set on all Tickers. This includes, but is not limited to Crypto, Commodities , FOREX, Equities and Indices. Also all candle Types are compatible.
Recommended Time-frames - Due to the complexity of MyAlgo-SLIM the user has a choice between three algorithms and is like that able to trade on all timeframes with the highest returns.
MyAlgo combines many different aspects at the same time, scans multiple other Algorithms and comes to a conclusion based on over 1350 lines of code.
It is based on Divergences, Elliott Waves , Ichimoku , MACD , MACD Histogram, RSI , Stoch , CCI , Momentum, OBV, DIOSC, VWMACD, CMF and multiple EMAs.
Every single aspect is weighted into the decision before giving out an indication.
Most buy/sell Algorithms FAIL because they try to apply the same strategy to every single chart, which
are as individual as humans. To conquer this problem, MyAlgo has a wide range of settings and variables which can be easily
modified.
To make it a true strategy, MyAlgo has as well settings for Take Profit Points and Stop
Losses. Everything with an Alert Feature of course so that FULL AUTOMATION IS POSSIBLE.
I know from experience that many people take one Algorithm and are simply too LAZY to add multiple Algorithms to make a rational choice. The result of that is that they lose money, by following blatantly only one Algorithm.
MyAlgo has additional 15 Indicators, perfect for all markets, which can be turned on and off individually.
Side Notes
MyAlgo is being updated and upgraded very frequently to suit the requests of our customers.
This is not financial advice. Please read our disclaimer before using.
Anything below this sentence will be Updates regarding MyAlgo
MyAlgo-SLIMPLEASE READ THE ENTIRE POST BEFORE PURCHASING & USING THE MyAlgo-SLIM Tool. Saves you and me some time in emails and messages. :)
This is the official version of MyAlgo-SLIM
Description
Buy & Sell Alerts can be set on all Tickers. This includes, but is not limited to Crypto, Commodities , FOREX, Equities and Indices. Also all candle Types are compatible.
Recommended Time-frames - Due to the complexity of MyAlgo-SLIM the user has a choice between three algorithms and is like that able to trade on all timeframes with the highest returns.
MyAlgocombines many different aspects at the same time, scans multiple other Algorithms and comes to a conclusion based on over 1350 lines of code.
It is based on Divergences, Elliott Waves , Ichimoku , MACD , MACD Histogram, RSI , Stoch , CCI , Momentum, OBV, DIOSC, VWMACD, CMF and multiple EMAs.
Every single aspect is weighted into the decision before giving out an indication.
Most buy/sell Algorithms FAIL because they try to apply the same strategy to every single chart, which
are as individual as humans. To conquer this problem, MyAlgo has a wide range of settings and variables which can be easily
modified.
To make it a true strategy, MyAlgo has as well settings for Take Profit Points and Stop
Losses. Everything with an Alert Feature of course so that FULL AUTOMATION IS POSSIBLE.
I know from experience that many people take one Algorithm and are simply too LAZY to add multiple Algorithms to make a rational choice. The result of that is that they lose money, by following blatantly only one Algorithm.
MyAlgo has additional 15 Indicators, perfect for all markets, which can be turned on and off individually.
Side Notes
MyAlgo is being updated and upgraded very frequently to suit the requests of our customers.
This is not financial advice. Please read our disclaimer before using.
Anything below this sentence will be Updates regarding MyAlgo-SLIM
Cryptocurrency Top10 IndexThis is so called TOP10 Cryptocurrency Index. Automatically calculated from ten of biggest crypto pairs to USD: BTC, ETH, XRP, BCH, BSV, LTC, EOS, XTZ, XLM, XMR.
So far all pairs came from one exchange: Bitfinex. In the future I will add one or two more.
It is coded as Indicator, but you can make it full screen by double-click into its background.
This script is invite-only for the members of our trading group (info in signature).
Polish description:
----------------------
Niniejszy skrypt stanowi sztuczny twór imitujący indeks jednych z dziesięciu największych kryptowalut w parze do USD: BTC, ETH, XRP, BCH, BSV, LTC, EOS, XTZ, XLM, XMR.
Na początek wszystkie pary pochodzą tylko z jednej giełdy: Bitfinex. W przyszłości dodam jedną lub dwie giełdy więcej.
Skrypt jest zaprogramowany jako tzw. wskażnik/indicator ale możesz powiększyć go do pełnego ekranu, klikając dwukrotnie w tło skryptu.
Nardzędzie jest publikowane na zasadzie invite-only(konieczność przydzielenia dostępu na TradingView), a zatem dostępny jest tylko dla aktywnych użytkowników naszej grupy traderskiej, do której link można znaleść w mojej sygnaturze poniżej.
Relative Volume Strength IndexRVSI is an alternative volume-based indicator that measures the rate of change of average OBV.
How to read a chart using it?
First signal to buy is when you see RVSI is close to green oversold levels.
Once RVSI passes above it's orange EMA, that would be the second alert of accumulation.
Be always cautious when it reaches 50 level as a random statistical correction can be expected because of "market noises".
You know it's a serious uptrend when it reaches above 75 and fluctuates there, grading behind EMA.
The best signal to sell would be a situation where you see RVSI passing below it's EMA when the whole thing is close to Red overbought level
It looks simple, but it's powerful!
I'd use RVSI in combination with price-based indicators.
.BXBT IndexThe current .BXBT index weighted as close as possible to BitMEX's with updates as BitMEX refreshes their index.
Difference between this and the script titled '2020 March 27 .BXBT Index': this one will receive updates because it doesn't have a date in its title.
Methodology
www.bitmex.com
"BitMEX Index Weights, assuming no constituent exchanges have been excluded due to Index Protection Rules, last updated 27 December 2019 at 12:00:05 UTC."
Binance: -
Bitstamp: 10.61%
Bittrex: 2.53%
Coinbase: 52.30%
Gemini: 6.89%
Huobi: -
Itbit: 4.21%
Kraken: 23.46%
Poloniex: -
ItBit's weight is combined with Gemini's due to ItBit not being on TradingView as of now. BITTREX:BTCUSD substituted with BITTREX:BTCUSDT*POLONIEX:USDTUSD to backfill because Bittrex only recently (late 2018) started to offer a fiat BTC/USD pair. Not that it matters since the index used in 2018 didn't include Bittrex if I remember correctly.
What is actually used for 27/12/2019 to 27/03/2020:
Binance: -
Bitstamp: 10.61%
Bittrex: 2.53%
Coinbase: 52.30%
Gemini: 11.10%
Huobi: -
Itbit: -
Kraken: 23.46%
Poloniex: -
Options:
Toggle candlesticks or close line
Change price source to be used for indicators
To be added: Change quarter to show indexes for different times, with labels that apply to the appropriate index used
Reasons to use this vs. the index itself: (not many)
It is helpful as a reference for other indicators or creation of an index.
FTX Index Advance Decline LineAs of publishing, all the tickers from FTX with the word "index" in it, plus bitcoin.
This is your regular ADL except instead of hundreds in the basket you've got them condensed into 7 (for now) and in open/close candle form instead of a line.
I'm a bit disappointed because I thought I'd lever more utility from indexes. It may just need some tweaking.
Doesn't it look like Renko?
Some notes:
Reason why it expands:
Total number of constituents is a static 7, to fix that use time to change the total variable based on dates of introduction.
Reallly looks like Renko:
Renko with ATR, length 14, hourly chart.
RPI (Relative Price Index)This is a free indicator created by Stormpike Group that displays the relative price of an underlying for the given period.
Congestion Index by KatsanosCONGESTION INDEX
Market movements can be characterized by two distinct types or phases. In the first, the market shows trending movements which have a directional bias over a period of time. The second type of market behavior is periodic or cyclic motion, where the market shows no consistent directional bias and trades between two levels. This type of market results in the failure of trend-following indicators and the success of overbought/oversold oscillators. Both phases of the market require the use of different types of indicator. Trending markets need trend-following indicators such as moving averages, moving average convergence/divergence (MACD), and so on. Trading range markets need oscillators such as the relative strength index (RSI) and stochastics, which use overbought and oversold levels. The age-old problem for many trading systems is their inability to determine if a trending or trading range market is at hand. Trend-following indicators, such as the MACD or moving averages, tend to be whipsawed as markets enter a nontrending congestion phase. On the other hand, oscillators (which work well during trading range markets) are often too early to buy or sell in a trending market. Thus, identifying the market phase and selecting the appropriate indicators is critical to a system’s success. The congestion index attempts to identify the market’s character by dividing the actual percentage that the market has changed in the past x days by the extreme range according to the following formula:
Readings between+20 and−20indicate congestion or oscillating mode. Crossing over the 20 line from below indicates the start of a rising trend. Conversely, the start of a down turn is indicated by crossing under−20 from above. The CI can also be used as an overbought/oversold oscillator.
It was taken from İntermarket Trading Strategies book of by Markos Katsanos.Read the book.
D1:=Input(“DAYS IN CONGESTION”,1,500,15);
CI:=ROC(C,D1-1,%)/((HHV(H,D1)-LLV(L,D1))/(LLV(L,D1)+.01)+.000001);
Mov ( CI ,3,E)
(Copyright Markos Katsanos 2008)
Volatility IndexThis is a composite volatility index to show percentile of current volatility compared to that of the last 52 bars. As this is a weekly chart (and this script is intended for usage on weekly charts) we can see the yearly percentile rank of volatility.
As shown when volatility is in the lower 25%tile (viewed on weekly) the market is calm and likes to rise; when the volatility is above the 25%tile you can see that the market tends to have larger and 'choppier' moves.
This is /not/ 'just the vix' this takes into consideration the volatility of all major US indexes including the SPX500, Dow 30, Nasdaq 100, and Russel 2000.
Please remember that this is just plotting:( volatility index - lowest(index,52) )/( highest(index,52)-lowest(index,52) ) so for 'yearly percentile' check the weekly chart (52 weeks = 1yr)
Bar Strength Index (BSI) by CryptorhythmsBar Strength Index (BSI) by Cryptorhythms
Intro
BSI is an totaly new and original indicator derived from Internal Bar Strength. It can be classified as similar to an RSI, but its method of calculation is very different so it sometimes gives an edge where RSI does not.
In the chart I have included RSI (red line) as a comparison for you to contrast BSI with.
Description
The formula for Internal Bar Strength is:
IBS = (close - low) / (high - low) * 100
The original IBS and thus this derivitive (BSI) are meant for higher timeframe analysis. Working best on daily, weekly or monthly charts. I take that original IBS formula and create something smoother and easier to understand - The Bar Strength Index !
Options
💠There is an option for smoothing which I recommend using.
💠Also options to make the scaling adaptive, or to leave it static.
💠A normalization option is available to create a bounded oscillator (easier for alerts/algos).
💠You can choose an MA type and length to create a signal line for it as well.
💠Lastly I also included the ability to setup overbought and oversold zones for better alert creation possibilities (crossovers / crossunders).
👍 We hope you enjoyed this indicator and find it useful! We post free crypto analysis, strategies and indicators regularly. This is our 77th script on Tradingview!
DXY COT Commercial Net PositionsThis script was created due to the lack of position of US Dollar Index Futures (DXY).
It is designed to perform a much more liquid and inclusive position analysis.
As the exponential ratios do not mean anything to positions, weights are used as multipliers instead of exponential functions.
Swedish Krona (SEK) Futures are not directly quoted in Quandl, therefore weighted in Euro / dollar parity.
By perceiving these positions as inverse correlations, you can also identify where the world economy is doing well.
COT Commercial Net Positions are calculated as (Short - Long) because of Commercials act according to the reverse of the market.
In this way, you can follow up normally instead of reverse correlation.
Because except in extreme cases, in which case capitals usually shift to Gold.
This is not the case, since there is no capital inflow to other currencies, it is not a strong sell position to the dollar index.
When there is a shift in bonds, we see the effect of the dollar in general.
I created for the Dollar Index in order not to deviate from the concept.
I wanted to share it with everyone as I thought that you have important clues about how investors take positions.
Modified currency weights :
Euro : % 61.8
Japanese Yen : % 13.6
British Pound : %11.9
Canadian Dollar : % 9.1
Swiss Franc : % 3.6
NOTE : You can use it for all instruments except crypto coins, especially US Dollar Index (DXY).
Since the COT data is taken, it will not repaint in 1 week (1W) timeframe.
The log can also be repaint according to the time of data publication.
It will repaint in lower time frames.
I hope it will help your analysis and your scripts,regards.
