Drawdown - Price vs FundamentalsIn this study, we are trying to compare drawdown from ATH of price and fundamentals to understand if price drawdown is really justifyable or if this is the buying opportunity.
For example, NYSE:BABA in the chart below shows that price has come down by more than 50%. But, the fundamentals has not changed upto this extent.
This may be viewed as buying opportunity from the eyes of fundamental based trader.
Similarly NYSE:LPX is trading at 15% below ATH whereas fundamentals are at peak. This again can be considered as buying opportunity.
NASDAQ:AAPL on the other hand is trading almost near ATH whereas fundamentals are having higher drawdown.
Well, this is just one factor to consider. I am about to release another script which can demonstrate amount of time (in terms of percentage) instrument trades at certain drawdown range. This looks something like this:
These two scripts can be used in conjunction to define your fundamental based trade.
I can add more funcamentals to the list. But, the higher value of fundamental should correlate to better position. Hence we cannot use things such as PE (which inversely correlates to value). Also need to keep the factor which includes total number of shares in it so that it is not affected by share dilution. Hence, have considered Total Revenue per Share instead of Total Revenue in this script.
Thanks to @mattX5 for suggesting fundamental based ideas in this line :)
חפש סקריפטים עבור "西班牙人VS奥萨苏纳"
Multi-Currency & Multi-Timeframe SMA Summary Table
This script displays a summary table of the direction of simple moving averages of all the currencies on all timeframes. The concept was that I wanted a summary page giving me a birds eye view of what is happening in the market. I plan to use it as a common sense check to confirm that I'm not trading against the flow. I'm not planning to use it to blindly enter (ah if only trading was that easy!!!).
The above example is showing the direction of the 100 SMA for 30S, 3min, 15min, 1h, 4h, D for all the currencies. The base currency is adjusted so that the colour coding is adjusted to express the strength of the specific currency. For example in the case of CAD it is showing the directions of SMAs for CADNZD, CADAUD, CADJPY, CADCHF, CADEUR, CADGBP, CADUSD - the base currency is flipped on some pairs so CAD is always the base currency.
An example of what it is showing - look at the 1h column on JPY. All rows are red except for the chf row. This means that the 100SMA is pointing down on all JPY crosses except for JPYCHF (remember, SMA is down assuming JPY is the base currency).
Unfortunately, I could not fit all the script into a single indicator so you have to load an instance of the indicator into the chart for each timeframe you want to see. So the above example has 6 instances of the indicator overlaid - 1 instance for: 30S, 3min, 15min, 1h, 4h and D. Just choose the timeframe and the script will automatically organise the table.
At the bottom (in blue) is a summary score: a score of 7 = the MA is up on that timeframe on all currency crosses; a score of -7 = the MA is down on that timeframe on all currency crosses. So if you look at the example above, the blue row is showing that USD is very strong against all other currencies and the AUD is generally weak against all other currencies (notice the light blue vs the dark blue).
-You can choose the length of the SMA.
-You can chose the 'lookback' period (the bars back the script looks to compare whether the MA is getting higher or lower)
-You can change the colours
-You can adjust the table size to fit your monitor size
I hope its useful - I tried it yesterday and it kept me focused on USD strength (and not get seduced by temporary USD weakness). So it is doing what I designed it to.
Hope its useful. Good luck!
John
% Divergence of RSIA simple script that plots the difference between the %ROC of price vs the %ROC of RSI, AKA the % of divergence. A simple way to analyze how strong a potential divergence is. Top reversals are above 0, bottom reversals are below. A value of 0 means price and RSI are changing by the same % value. So, if oscillator is moving up as price moves up, it means divergence is increasing. If oscillator moves down as price moves up, it means divergence is decreasing.
Relative Strength 3D Indicator [CC]This is a custom indicator of mine loosely based on the work by James Garofallou (Stocks and Commodities Sep 2020 pg 14) and this is meant for medium to long term trend confirmations. The idea behind this indicator is to capture 3 different dimensions of trend strength. The first dimension captures the overall strength of the underlying stock vs the market (in this case the S&P 500). The second dimension captures the overall trend strength by assigning a scoring system so when all faster moving averages are stronger than slower moving averages then it gets the max points. The final dimension is the strength of the overall strength of everything so far. Buy when the indicator 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!
Strat Assistant FTC OnlyStrat Assistant FTC Only
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█ OVERVIEW
This script is intended to provide full time frame continuity information for almost all time frames (3, 5, 15, 30, 60, 4H, Day, Week, Month, Quarter)
When added, the script provides a visual indicator to the right at the current price level with indicators for the various time frames in terms of price action and candle type.
█ DETAIL
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Output
Time Frames: 3min, 5min, 15min, 30min, 60min, 4 Hour, Day, Week, Month Quarter
Time Frame Labels: 3, 5, 15, 30, 60, H, 4H, D, W, M, Q
Current Candle Time Frame Price Action: displayed below time frame labels. RED + Arrow Down (open > close) or GREEN + Arrow Up (open =< close)
Time Frame Compare: displayed above time frame labels. Current high/low vs prior high/low are compared. IN = Inside/Yellow (current high/low inside prior), O = Outside/Fuchsia (current high/low both greater and less than prior high/low), 2U = Up/Green (current high higher than prior, and low not lower), 2D = Down/Red (current lows lower than prior lows, and high not higher)
Will not show time frames lower than the one currently selected
Best Practices
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Had to decouple this from the other scripts because Trading View limits how much you can plot/show
May be a little slow at times, analyzing a lot of time periods/data be patient.
DEMA/EMA & VOLATILITY (VAMS)The biggest issue with momentum following strategies is over signaling during whipsaw periods. I created this strategy that measure momentum with DEMA (Fast Moving) and EMA (Slow moving). In order to mitigate over signaling during whipsaw periods I implemented the average true range percentage (ATRP) to measure realized volatility. If momentum is picking up while volatility is under a certain threshold it purchases the security. If momentum slows while volatility picks up it sells the security. Additionally, if momentum picks up, but volatility is high, it stays out of the security. This follows the theory that during sustained uptrends volatility will decrease, and during market corrections the volatility picks up. Following the old adage that markets climb up the stairs, and fall out the window. Note that this strategy does repaint due to it entering and closing positions at the close of the bars. I forgot to mention how volatility is measured high vs low. If the ATRP is above the EMA of the ATRP the strategy interprets the volatility is increasing and does not enter the security & Vice Versa for selling (with momentum signal of MAs)
This is just my first strategy, any feedback would be much appreciated.
[BCT] Identify BULL / BEAR regimes - Laguerre FilterThe Adaptive Laguerre is based on the Laguerre filter, described by John Ehlers in his paper “Time Warp – Without Space Travel”
forex-station.com
MAs obtained using a Laguerre filter tend to have much lower lag than MAs obtained from an SMA or EMA.
Use cases:
- Identify market regime (BULL vs BEAR)
- Smooth out a noisy signal (e.g. apply to RSI, prices, log returns, variance, etc) without adding excessive lag
Highlight based on:
- Smoothed indicator > or < 0
- Derivative of the indicator ("speed") > or < 0
- Second derivative of the indicator ("acceleration" or "momentum") > or < 0
3GBH - DOMindex v1This indicator has rsi-sourced HMA's of the dominance of key-market-players,
vs the current symbol you're viewing.
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We monitor the dominance of ( symbols )
- BTC.D
- ETH.D
- OTHERS.D
and whichever symbol you are currently viewing.
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It may be useful in some scenarios to see the trend of the average-of-overall-momentum,
compared to a symbol you are doing technical analysis on.
In my thinking, if the momentum of the current symbol is greater than that of the average
of the key-players, it may be in a stronger trend where price-action may be more favorable
for traders.
3GBH - RSI vs BTC's RSIThis indicator compared the RSI of the pair you're viewing to BTC's RSI.
- Currently based against 'BTCUSD', more BTC pairs will be added in the near future.
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Included in this indicator:
- RSI of current pair
- RSI of 'BTCUSD'
- EMA of current pair RSI
- EMA of 'BTCUSD' RSI
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See what your pair is doing versus BTC.
EMA's to help with Technical Analysis.
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Help decide whether to look for a SHORT or LONG entry. ( Shows if 'Table' is On )
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User-friendly.
You can change all the inputs, they are labelled for ease-of-use.
You can toggle On/Off any or all of the options.
Difference in price changeCompares price change between current symbol and other one (eg. BTC vs S&P500). It calculates price change on each bar (from high to low or from open to close) and compares with price change of equivalent bar from the other source.
Example
Current symbol
open = 10 USD
close = 7 USD
change = -3 USD
% change = -30%
Second symbol
open = 3 USD
close = 4 USD
change = +1 USD
% change = +33%
Performance of price change = (-30) - (+30) = -63 // It means that current source has weaker performance right now
The Insider - Hunt Bitcoin CoT DeltaThe Insider - Hunt Bitcoin CoT Delta
The gift of the Squeeze in the Largest 4 open Interest Shorts vs Longs.
Why Bother another CoT signal?
Its different & focused on the Insider's.
Performance -
This Indicator provided a
1. Signal 1 = 26th March 2019 = SUPER LONG at $4,500 that saw a near $14,000 run up
2. Signal 2 = 18th & 24th June 2019 = SHORT at the second & final level $11,700 after repeated attempts & failure in the $13K range, the mini Echo Bitcoin Bull of 2019
3. Signal 3 = 17th December 2019 = LONG $6,900, Bitcoin rallied to Mid $10,500's
4. Signal 4 = 18th Feb 2020 = SUPER SHORT from $9,700's to a final extreme Low of $3,000, calling the CV-19 collapse
5. Signal 5 = 17th March 2020 = LONG from $5,400 no closure point yet
6. Signal 6 = 29th June 2020 = SUPER LONG reiterate from $10,700 no closure sell signal yet
7. Signal 7 = 17th May 2020 = LONG another accumulate LONG with no sell signal yet generated at Post H&S's low of $33,000
Note - This indicator only commences March 2019, as Bitcoin futures were a recent introduction and needed to settle for 6 months in both use and data, no signals were meaningful prior & data was light.
What is Provided. - Please note the need to also add the Hunt Bitcoin Historical Volatility Indicator for full understanding.
We provide 3 things with the 3 indicators.
'Insider' indications from Largest players in the futures market.
1. Bitcoin Macro Buy Signals.
a) The Bitcoin Commitment of Traders results see us focus solely on Largest 4 Short Open Interest & Largest 4 Long Open Interest aspects of the CoT Release data.
When the difference - is tight, a kind of pinch, these have been great Buy signals in Bitcoin.
We call this difference the Delta & When Delta is 5% or less Bitcoin is a Buy.
2. Bitcoin Macro Sells.
a) A sell signal is Triggered in Bitcoin at any point the Largest 4 short OI > or = to 70
3. AMPLIFIER Trade signals 'Super' Longs or Shorts -
Extreme low volatility events leads to highly impulsive & volatile subsequent moves, if either of 1 or 2 above occur, combined with extreme low volatility
a 'Super Long' or 'SUPER SELL' is generated. In the case of the short side, given Bitcoins general expansive and MACRO Bull trend since inception, we seek an additional component
that is an extreme differential/Delta reading between 4 biggest Longs & Shorts OI.
Namely CoT Delta also must be > 47.5%
We also have a Cautionary level, where it is not necessarily a good idea to accumulate Bitcon, as a better opportunity lower may avail itself, see conditions below.
So the required logic explicitly stated below for all Signals.
1. Long - Hunt Bitcoin CoT Delta < or = 5
2. SUPER Long - Hunt Bitcoin CoT Delta < or = 5; and 2 Day Historical Bitcoin Volatility = or < 20
3. Short - Largest 4 Sellers OI = or > 70
4. SUPER Short - Largest 4 Sellers OI = or > 70; AND..
Hunt Bitcoin CoT Delta = or > 47.5 AND 2 Day Historical BTC Volatility = or < 20
5. Caution - Largest 4 Sellers OI = or > 67.5 AND Hunt Bitcoin CoT Delta = or > 45
WARNING SEE Notes Below
Note 1 - = Largest 4 Open Interest Shorts
Note 2 - = Largest 4 Open Interest Longs
Note 3 - = Hunt Cot Delta = (Largest 4 sellers OI) -( Largest 4 Buyers OI)
Caution = Avoid new Bitcoin Accumulation Right Now, A sell signal might follow Enter on next Long
Note 4 - The Hunt Bitcoin COT Delta signal is a Largest 'Insider' Tracking tool based on a segment of Commitment of Traders data on Bitcoin Futures, released once a week on a Friday.
It is a Macro Timeframe signal , and should not be used for Day trading and Short Timeframe analysis , Entries may be optimised after a Hunt Bitcoin CoT Signal is generated by separate shorter Timeframe analysis.
Note 5 - The Historical Bitcoin Volatility is an additional 'Amplifier' component to the 'Hunt Bitcoin Cot Delta' Insider Signal
Note 6 - The Historical Bitcoin Volatility criteria varies by timeframe, the above levels are those applying on a Two Day TF Chart, select this custom timeframe in Trading View.
if additional criteria are met for LONG & SHORT insider signals, they may become 'Super Longs/Shorts', see conditions box above.
Zig Lines with Percent & ValueOverview, Features, and Usage:
The Zig Lines with Percent & Value is an indicator that highlights the highest and lowest points of the market from pivot points and zigzag lines based on the ZigZag Period setting. By a default value of 13 for the ZigZag Period this works well on Bitcoin or other alt coins on the 1 hour or higher timeframe charts.
What makes this indicator unique is that it draws a green line to signify an uptrend or a red line to signify a down trend. It will also show the percent difference between the previous point/line, for example: If you see a -negative percentage point with a red line drawn to it, then you are looking at a low pivot point and then as the green line is drawn to a +positive percentage value the percentage you see is the difference between the two points. This is great to see a trend reversal as you can look at previous pivot points and notice about how far the price moves before it changes direction (trend reversal).
There is an invisible EMA line that is used to assist with coloring the negative vs positive values. The value above or below the percentage is the lowest or highest price at that pivot point . The display of the price at the pivot point depends on your ZigZag Period setting and the timeframe of your chart.
Added Bollinger Bands as it fits perfectly with the visuals of the Zig Lines & Pivots.
Usage of Bollinger Bands:
~As the price or candle gets close to the top or bottom of the Bollinger band it can give you a better confirmation that the pivot location is at it's final place, and the trend is more likely to switch directions.
It’s important to know this indicator should not be used for alerts of any type it does repaint as the green or red line is drawing based on live chart data and it can change depending on the direction of the market. This is a great visual tool for trend analysis or to be used with other indicators as a confirmation for a possible good entry or exit position.
Credits ( and consent to use ):
Credits go to user LonesomeTheBlue for creation of this 'Double Zig Zag with HHLL' script.
The addition of the Value above/below the Percentages is from user Noldo and that script is found here:
The Bollinger Bands setup was suggested by user countseven12 and his script that uses the same BB setup is found here:
References:
1. Chen, James. (2021 March 15). Zig Zag Indicator . Received from http: www.investopedia.com
2. Mitchell, Cory. (2021 April 30). Pivot Points . Received from http: www.investopedia.com
Green vs Red CollisionThis is a strength based histogram what its used for is to predict when a new trend might start should only be used for trend starts
-the main factors can be changed
-colors can be modified
Cumulative Volume FTX + BINANCE SPOT VS DERVIATIVE VOLUMEShows spot volume green and red and derivative volume as blue.
Relative Difference Of Squares Oscillator [CC]The Relative Difference Of Squares Oscillator was created by Marco Alves (Stocks and Commodities Aug 2020 pg 10) and this is a heavily customized version of his indicator that works for single stocks instead of the entire market. I have included extra buy and sell signals to account for strong signals vs normal signals based on some user feedback I got. Buy when the line turns green and sell when it turns red. Keep in mind that this is a lagging indicator so good for trend confirmation.
Let me know if there are any other scripts you would like to see me publish!
