The Correlation Clusters is a machine learning tool that allows traders to group sets of tickers with a similar correlation coefficient to a user-set reference ticker. The tool calculates the correlation coefficients between 10 user-set tickers and a user-set reference ticker, with the possibility of forming up to 10 clusters. 🔶 USAGE Applying...
Regression Indicator Indicator Overview: The Regression Indicator is designed to help traders identify trends and potential reversals in price movements. By calculating a regression line and a normalized regression indicator, it provides clear visual signals for market direction, aiding in making informed trading decisions. The indicator dynamically updates...
Linear Regression Channel with Logarithmic Scale Option This advanced Linear Regression Channel indicator offers traders a powerful tool for technical analysis, with unique features that set it apart from standard implementations. Key Features: Logarithmic Scale Option: One of the most distinctive aspects of this indicator is the ability to switch between...
Indicator for displaying a timed, intraday Range of Price as a Point of Interest (POI) that you may want to track when trading as a potential magnet for price. Quite often you will see Price return to prior days price range before continuing to move. This enables you to track specific portions of a Days Trading session to see what has been revisited and what has...
📊 Kwiatkowski-Phillips-Schmidt-Shin Model Indicator & Dickey-Fuller Test 📈 This algorithm performs two statistical tests on the price spread between two selected instruments: the first from the current chart and the second determined in the settings. The purpose is to determine if their relationship is stationary. It then uses this information to generate...
Introducing the "Multi-Regression Strategy" (MRS) , an advanced technical analysis tool designed to provide flexible and robust market analysis across various financial instruments. This strategy offers users the ability to select from multiple regression techniques and risk management measures, allowing for customized analysis tailored to specific market...
Особая благодарность за оригинальную идею Александру Горчакову Индикатор предсказывает вырастет или упадет цена на следующей свече Индикатор отображает красные или зеленые кружки над каждой из свечей Зеленый кружок прогноз роста Красный кружок прогноз падения Индикатор выдает прогноз для шестой свечи на основе пяти свечей Индикатор берет цены...
Strategy Introduction: 1. We know that the exchange can only set a maximum of 100 grids. However, our grid strategy can set a maximum of 350 grids. 2. We have added the modes of proportional and differential warehousing. 3. It should be noted that we have not set any filtering conditions, which means that when the price falls below the grid, we will execute a...
Local Polynomial Regression (LPR) is an advanced statistical method that offers a flexible approach to estimating the underlying trend in financial time series data. The Mathematical Explanation The core idea of LPR is to fit a polynomial of degree p at each point x using weighted least squares. The weight of each data point decreases with its distance from x,...
Double Top, Double Bottom & Head and Shoulders Patterns Description in English: This indicator identifies double top, double bottom, head and shoulders, and inverse head and shoulders patterns on a 4-hour timeframe. It marks the pivot points with circles and outlines the structures with lines, providing clear visual signals of these important reversal...
Overview The Market Cycle Phases Indicator is a powerful tool designed to help traders identify and visualize the different phases of market cycles. By distinguishing between Accumulation, Uptrend, Distribution, and Downtrend phases, this indicator provides a clear and color-coded representation of market conditions, aiding in better decision-making and strategy...
The Spent Market Trading Pattern is a strategy developed by Larry Connors, typically used for short-term mean reversion trading. This strategy takes advantage of the exhaustion in market momentum by entering trades when the market is perceived as "spent" after extended trends or extreme moves, expecting a short-term reversal. Connors uses indicators like RSI...
~ Artificial Neural Network DUAL BAND trade selection system. (1) First selection criteria used is: Proprietary identification of directional biases (2) Second selection criteria used is: ANN screening to eliminate most false positives ~ Curvature plot for trade execution and precision using highest, lowest and close information. ~ Efficient code using...
This Pine Script™ strategy is a modified version of the original Larry Connors VIX Reversal II Strategy, designed for short-term trading in market indices like the S&P 500. The strategy utilizes the Relative Strength Index (RSI) of the VIX (Volatility Index) to identify potential overbought or oversold market conditions. The logic is based on the assumption that...
This strategy is based on trading signals derived from the behavior of the Volatility Index (VIX) relative to its 10-day moving average. The rules are split into buying and selling conditions: Buy Conditions: The VIX low must be above its 10-day moving average. The VIX must close at least 10% above its 10-day moving average. If both conditions are...
The Connors RSI with Down Gap indicator is a technical tool designed to support Larry Connors' Terror Gap Strategy, which is part of his broader framework outlined in the book "Buy the Fear, Sell the Greed: 7 Behavioral Quant Strategies for Traders." This specific indicator integrates the ConnorsRSI calculation with a focus on detecting down gaps in price,...
NOTE: This script sometimes has undesireable behaviour. It sometimes reverses position and the opposite trade is displayed on the chart. To fix this there is a workaround. I do not change the strategy.long or strategy.short code. However there is a way to change the message when {{strategy.order.alert_message}} is used in the alert to pull the alert_message from...
Track Intraday ATH: The script maintains an intradayATH variable to track the highest price reached during the trading day up to the current point. This variable is updated whenever a new high is reached. Calculate Drawdown and Percentage Drawdown: The drawdown is calculated as the difference between the intradayATH and the current closing price (close). The...