OPEX & VIX Expiry Markers (Past, Present, Future)Expiry Date Indicator for Options & Index Traders
Track Key Expiration Dates Automatically
For traders focused on options, indices, and expiration-based strategies, staying aware of key expiration dates is essential. This TradingView indicator automatically plots OPEX, VIX Expiry, and Quarterly Expirations on your charts—helping you plan trades more effectively without manual tracking.
Features:
✔ OPEX Expiration Markers – Highlights the third Friday of each month, when equity and index options expire.
✔ VIX Expiration Tracking – Marks Wednesday VIX expirations, useful for volatility-based trades.
✔ Quarterly Expiration Highlights – Identifies major market expiration cycles for better trade management.
✔ Live Countdown to Next OPEX – Displays how many days remain until the next expiration.
✔ Works on Any Timeframe – Past, present, and future expiration dates update dynamically.
✔ Customizable Settings – Enable or disable specific features based on your trading style.
Ideal for Traders Who Use:
📈 SPX / SPY / NDX / VIX Options Strategies
📅 Iron Condors, Credit Spreads, and Expiration-Based Trades
This tool helps traders stay ahead of expiration cycles, ensuring they never miss an important date. Simple, effective, and built for seamless integration into your trading workflow.
This keeps it professional and to the point without overhyping it. Let me know if you'd like any further refinements! 🚀
ابحث في النصوص البرمجية عن "spy"
Stock ETF Tracker 2.0The Stock Sector ETF tracker with Indicators is a versatile tool designed to track the performance of sector-specific ETFs relative to the current asset. It automatically identifies the sector of the underlying symbol and displays the corresponding ETF’s price action alongside key technical indicators. This helps traders analyze sector trends and correlations in real time.
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Key Features
Automatic Sector Detection:
Fetches the sector of the current asset (e.g., "Technology" for AAPL).
Maps the sector to a user-defined ETF (default: SPDR sector ETFs) .
Technical Indicators:
Simple Moving Average (SMA): Tracks the ETF’s trend.
Bollinger Bands: Highlights volatility and potential reversals.
Donchian High (52-Week High): Identifies long-term resistance levels.
SPY Regime Filter: Red background color if SP500 is below 200 day SMA.
Customizable Inputs:
Adjust indicator parameters (length, visibility).
Override default ETFs for specific sectors.
Informative Table:
Displays the current sector and ETF symbol in the bottom-right corner.
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Input Settings
SMA Settings
SMA Length: Period for calculating the Simple Moving Average (default: 200).
Show SMA: Toggle visibility of the SMA line.
Bollinger Bands Settings
BB Length: Period for Bollinger Bands calculation (default: 20).
BB Multiplier: Standard deviation multiplier (default: 2.0).
Show Bollinger Bands: Toggle visibility of the bands.
Donchian High (52-Week High)
Daily High Length: Days used to calculate the high (default: 252, approx. 1 year).
Show High: Toggle visibility of the 52-week high line.
Sector Selections
Customize ETFs for each sector (e.g., replace XLU with another utilities ETF).
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Example Use Cases
Trend Analysis: Compare a stock’s price action to its sector ETF’s SMA for trend confirmation.
Volatility Signals: Use Bollinger Bands to spot ETF price squeezes or breakouts.
Sector Strength: Monitor if the ETF is approaching its 52-week high to gauge sector momentum.
Enjoy tracking sector trends with ease! 🚀
Industry Indices ComparisonA dynamic industry sector performance comparison indicator that helps traders and investors track relative strength across different market sectors in real-time.
- Compares up to 5 industry sector ETFs against a benchmark index (default: SPY)
- Displays key metrics including:
* Performance % over selected timeframe
* Relative performance vs benchmark
* Trend direction (▲ up, ▼ down, − neutral)
* Volume in millions (M) of shares traded
- Configurable timeframes: 1D, 1W, 1M, and 3M comparisons
- Color-coded performance indicators (green for outperformance, red for underperformance)
- Customizable table position and text size for optimal chart placement
The indicator helps identify:
1. Sector rotation patterns through relative performance
2. Leading and lagging sectors vs the broader market
3. Volume trends across different sectors
For traders, if you are considering two equally good setups, then choosing the setup belonging to a currently strong sector could be beneficial.
SuperTrend Heikin AshiSupertrend Heikin Ashi is an indicator based on the standard calculation of the Supertrend with the difference of using the Open and Close value of the Heikin Ashi candles instead of the normal Candle Sticks.
In this way the main characteristic of the HA candles is exploited, thus filtering movements that could generate false signals.
I recommend using SPY, SPX, QQQ to be aware of the market situation, not operating (or paying great attention) long on stocks when the indicator is red and the price is below the drawn line.
Multi-ticker Daily Pivot AlertDescription:
The Big Tech Daily Pivot Alert is a powerful TradingView indicator designed to monitor daily pivot points for major tech and market-leading tickers. It provides real-time alerts when prices approach their daily pivot levels, helping traders identify potential trading opportunities during the U.S. market hours.
Key Features:
Multi-Ticker Monitoring: Tracks the daily pivot points for top tech and market tickers, including NVDA, TSLA, AMZN, NFLX, SPY, QQQ, GOOGL, MSFT, META, and AAPL.
Daily Pivot Calculations: Uses yesterday's high, low, and close prices to calculate the pivot point for each ticker.
Real-Time Alerts: Sends instant alerts when the open, high, low, or current price is near the pivot point (within 0.25% tolerance).
Time-Sensitive Alerts: Operates exclusively during U.S. market hours (6:00 AM to 1:00 PM PST) on weekdays (Monday to Friday).
Customizable Alert Format: Alerts are sent as JSON payloads for seamless integration with platforms like Discord or other webhook-supported systems.
How It Works:
The indicator calculates the daily pivot point for each ticker using the formula:
Pivot Point = (High + Low + Close) / 3
It continuously monitors the open, high, low, and current prices of each ticker on a 1-minute timeframe.
If any value approaches the pivot point within a configurable threshold (default: 0.25%), it triggers an alert with detailed information for all tickers meeting the criteria.
Who Should Use It:
Day Traders: Spot potential price reversal or breakout levels based on pivot point testing.
Swing Traders: Identify key levels of support and resistance to inform trading decisions.
Tech and Market Enthusiasts: Stay updated on critical price levels for major tech and market tickers.
Instructions:
Add the indicator to your chart.
Configure your webhook endpoint to receive alerts (e.g., Discord or Slack).
Monitor alerts for actionable opportunities when prices test pivot points.
UM VIX status table and Roll Yield with EMA
Description :
This oscillator indicator gives you a quick snapshot of VIX, VIX futures prices, and the related VIX roll yield at a glance. When the roll yield is greater than 0, The front-month VX1 future contract is less than the next-month VX2 contract. This is called Contango and is typical for the majority of the time. If the roll yield falls below zero. This is considered backwardation where the front-month VX1 contract is higher than the value of the next-month VX2 contract. Contango is most common. When Backwardation occurs, there is usually high volatility present.
Features :
The red and green fill indicate the current roll yield with the gray line being zero.
An Exponential moving average is overlaid on the roll yield. It is red when trending down and green when trending up. If you right-click the indicator, you can set alerts for roll yield EMA color transitions green to red or red to green.
Suggested uses:
The author suggests a one hour chart using the 55 period EMA with a 60 minute setting in the indicator. This gives you a visual idea of whether the roll yield is rising or falling. The roll yield will often change directions at market turning points. For example if the roll yield EMA changes from red to green, this indicates a rising roll yield and volatility is subsiding. This could be considered bullish. If the roll yield begins falling, this indicates volatility is rising. This may be negative for stocks and indexes.
I look for short volatility positions (SVIX) when the roll yield is rising. I look for long volatility positions (VXX, UVXY, UVIX) when the roll yield begins falling. The indicator can be added to any chart. I suggest using the VX1, SPY, VIX, or other major stock index.
Set the time frame to your trading style. The default is 60 minutes. Note, the timeframe of the indicator does NOT utilize the current chart timeframe, it must be set to the desired timeframe. I manually input text on the chart indicator for understanding periods of Long and Short Volatility.
Settings and Defaults
The EMA is set to 55 by default and the table location is set to the lower right. The default time frame is 60 minutes. These features are all user configurable.
Other considerations
Sometimes the Tradingview data when a VX contract expires and another contract begins, may not transition cleanly and appear as a break on the chart. Tradingview is working on this as stated from my last request. This VX contract from one expiring contract to the next can be fixed on the price chart manually: ( Chart settings, Symbol, check the "Adjust for contract changes" box)
Observations
Pull up a one-hour chart of VX1 or SPY. Add this indicator. roll it back in time to see how the market and volatility reacts when the EMA changes from red to green and green to red. Adjust the EMA to your trading style and time frame. Use this for added confirmation of your long and short volatility trades with the Volatility ETFs SVIX, SVXY, VXX, UVXY, UVIX. or use it for long/short indexes such as SPY.
0dte Anchored Expected Move by SyntaxGeekHere is a script that's making use of TradingView's new option data feed, without the OPRA data feed I'm unsure this script will be useful as the data will be delayed and I've not tested it without the data subscription.
The script is meant to demonstrate use of options data to generate ideas in the community and perhaps be a useful tool for 0dte traders.
For securities that have 0dte I like to calculate what I call the "opening expected move", it's just like expected move (EM) but it's a snapshot of the EM value at open and remains static throughout the day.
Expected move is the value of an "at the money" (ATM) call and put combined and then added t the price of the underlying.
For example if SPY opens at 600 and the ATM call + put premium (debit) is 3 dollars, then the EM high is 603 and the EM low is 597.
These levels are often areas where the market will react as any breaches of these prices could potentially be something that market participants will have to respond to being that something has hit the market unexpectedly.
Additionally, I've added calculations for half EM plots and live premium calculations for the ATM call and put from the open.
It's a fascinating script and it's fun to watch the premiums during periods of market volatility or a chop range day.
I make no guarantees for any of the data presented and there could be bugs as options data is still quite new in TradingView and I've not spent a long time coding this or testing.
Enjoy!
Sector Relative Strength [Afnan]This indicator calculates and displays the relative strength (RS) of multiple sectors against a chosen benchmark. It allows you to quickly compare the performance of various sectors within any global stock market. While the default settings are configured for the Indian stock market , this tool is not limited to it; you can use it for any market by selecting the appropriate benchmark and sector indices.
📊 Key Features ⚙️
Customizable Benchmark: Select any symbol as your benchmark for relative strength calculation. The default benchmark is set to `NSE:CNX100`. This allows for global market analysis by selecting the appropriate benchmark index of any country.
Multiple Sectors: Analyze up to 23 different sector indices. The default settings include major NSE sector indices. This can be customized to any market by using the relevant sector indices of that country.
Individual Sector Control: Toggle the visibility of each sector's RS on the chart.
Color-Coded Plots: Each sector's RS is plotted with a distinct color for easy identification.
Adjustable Lookback Period: Customize the lookback period for RS calculation.
Interactive Table: A sortable table displays the current RS values for all visible sectors, allowing for quick ranking.
Table Customization: Adjust the table's position, text size, and visibility.
Zero Line: A horizontal line at zero provides a reference point for RS values.
🧭 How to Use 🗺️
Add the indicator to your TradingView chart.
Select your desired benchmark symbol. The default is `NSE:CNX100`. For example, use SPY for the US market, or DAX for the German market.
Adjust the lookback period as needed.
Enable/disable the sector indices you want to analyze. The default includes major NSE sector indices like `NSE:CNXIT`, `NSE:CNXAUTO`, etc.
Customize the table's appearance as needed.
Observe the RS plots and the table to identify sectors with relative strength or weakness.
📝 Note 💡
This indicator is designed for sectorial analysis. You can use it with any market by selecting the appropriate benchmark and sector indices.
The default settings are configured for the Indian stock market with `NSE:CNX100` as the benchmark and major NSE sector indices pre-selected.
The relative strength calculation is based on the price change of the sector index compared to the benchmark over the lookback period.
Positive RS values indicate relative outperformance, while negative values indicate relative underperformance.
👨💻 Developer 🛠️
Afnan Tajuddin
Romantic Information CoefficientThis script calculates the Mutual Information (MI) between the closing prices of two assets over a defined lookback period. Mutual Information is a measure of the shared information between two time-series datasets. A higher MI indicates a stronger relationship between the two assets.
Key Features:
Ticker Inputs: You can select the tickers for two assets. For example, SPY (S&P 500 ETF) and AAPL (Apple stock) can be compared.
Lookback Period: Choose the number of bars to look back and calculate the Mutual Information. A larger lookback period incorporates more data, but may be less responsive to recent price changes.
Bins for Discretization: Control the level of granularity for discretizing the asset prices. More bins result in a more detailed MI calculation but can also reduce the signal-to-noise ratio.
Color Coded MI: The MI plot dynamically changes color to provide visual feedback on whether the relationship between the two assets is strengthening (red) or weakening (blue).
Only for educational purposes. Not in anyway, investment advice.
S&P 500 Sector StrengthsThe "S&P 500 Sector Strengths" indicator is a sophisticated tool designed to provide traders and investors with a comprehensive view of the relative performance of various sectors within the S&P 500 index. This indicator utilizes the True Strength Index (TSI) to measure and compare the strength of different sectors, offering valuable insights into market trends and sector rotations.
At its core, the indicator calculates the TSI for each sector using price data obtained through the request.security() function. The TSI, a momentum oscillator, is computed using a user-defined smoothing period, allowing for customization based on individual preferences and trading styles. The resulting TSI values for each sector are then plotted on the chart, creating a visual representation of sector strengths.
To use this indicator effectively, traders should focus on comparing the movements of different sector lines. Sectors with lines moving higher are showing increasing strength, while those with descending lines are exhibiting weakness. This comparative analysis can help identify potential investment opportunities and sector rotations. Additionally, when multiple sector lines move in tandem, it may signal a broader market trend.
The indicator includes dashed lines at 0.5 and -0.5, serving as reference points for overbought and oversold conditions. Sectors with TSI values above 0.5 might be considered overbought, suggesting caution, while those below -0.5 could be viewed as oversold, potentially indicating buying opportunities.
One of the key advantages of this indicator is its flexibility. Users can toggle the visibility of individual sectors and customize their colors, allowing for a tailored analysis experience. This feature is particularly useful when focusing on specific sectors or reducing chart clutter for clearer visualization.
The indicator's ability to provide a comprehensive overview of all major S&P 500 sectors in a single chart is a significant benefit. This consolidated view enables quick comparisons and helps in identifying relative strengths and weaknesses across sectors. Such insights can be invaluable for portfolio allocation decisions and in spotting emerging market trends.
Moreover, the dynamic legend feature enhances the indicator's usability. It automatically updates to display only the visible sectors, improving chart readability and interpretation.
By leveraging this indicator, market participants can gain a deeper understanding of sector dynamics within the S&P 500. This enhanced perspective can lead to more informed decision-making in sector allocation strategies and individual stock selection. The indicator's ability to potentially detect early trends by comparing sector strengths adds another layer of value, allowing users to position themselves ahead of broader market movements.
In conclusion, the "S&P 500 Sector Strengths" indicator is a powerful tool that combines technical analysis with sector comparison. Its user-friendly interface, customizable features, and comprehensive sector coverage make it an valuable asset for traders and investors seeking to navigate the complexities of the S&P 500 market with greater confidence and insight.
ETF-Benchmark AnalyzerHave you ever wondered which ETF performs the best? Which one is the most volatile, or which one has the smallest drawdown?
This Pine Script™ "ETF-Benchmark Analyzer" compares the performance of an ETF (such as SPY, the S&P 500 ETF) against a benchmark, which can also be adjusted by the user. It provides several key financial metrics, such as:
Performance (%): Displays the total return over a specified lookback period (e.g., 1 year). It compares the performance of the ETF against the benchmark and shows the difference.
Alpha (%): Measures the excess return of the ETF over the expected return, which is calculated using the benchmark’s return. Positive alpha indicates that the ETF has outperformed the benchmark, while negative alpha suggests underperformance. This metric is important because it isolates performance that cannot be explained by exposure to the benchmark's movements.
Sharpe Ratio: A risk-adjusted measure of return. It is calculated by dividing the excess return of the ETF (above the risk-free rate) by its standard deviation (volatility). A higher Sharpe ratio indicates better risk-adjusted returns. The Sharpe ratio is calculated for both the ETF and the benchmark, and their difference is displayed as well.
Drawdown: The percentage decrease from the highest price to the lowest price over the lookback period. This is a critical measure of risk, as it shows the largest potential loss an investor might face during a specific period.
Beta: Measures the ETF’s sensitivity to movements in the benchmark. A beta of 1 means the ETF moves in line with the benchmark; greater than 1 means it is more volatile, while less than 1 means it is less volatile.
These metrics provide a holistic view of the ETF’s performance compared to the benchmark, allowing traders to assess the risk and return profile more effectively.
Scientific Sources
Sharpe Ratio: Sharpe, W. F. (1994). The Sharpe Ratio. Journal of Portfolio Management, 21(1), 49-58. This paper defines and develops the Sharpe ratio as a measure of risk-adjusted return.
Alpha and Beta: Jensen, M. C. (1968). The Performance of Mutual Funds in the Period 1945–1964. The Journal of Finance, 23(2), 389-416. This paper discusses the concepts of alpha and beta in the context of mutual fund performance.
Stock vs Sector Comparison with HighlightsThis graph is meant as a support to select a stock that is expected to perform better than the sector.
The graph is based on weekly chart. So this is a medium / long term strategy.
How is expected to be used: when the stock has under performed the sector for some time, there is a natural tendence that it will catch up with the sector again. So, for example, if the color change from green to red, you should consider find another stock in the sector. If the stock looses the green color, but is not red yet, you should wait. And vice versa if you start with red. However, life is not that simple, as you can get fake signal. To mitigate this problem, you can adjust the threshold in the input setting, so just go for the signal after x weeks over/underperforming. You also need remember to select the sector in the settings, as the sector is not give automatically when you select the stock.
Below the sectors used:
Sector Name Ticker
S&P 500 (Market Index) SPY
Technology XLK
Financials XLF
Consumer Discretionary XLY
Industrials XLI
Health Care XLV
Consumer Staples XLP
Energy XLE
Utilities XLU
Communication Services XLC
Real Estate XLRE
Materials XLB
RS Theory IndicatorHow to Use:
Customize the Reference Symbol: In the settings of the indicator, you can change the referenceSymbol to the benchmark or asset you want to compare against.
RS Interpretation:
RS > 1: The current asset is outperforming the reference symbol.
RS < 1: The current asset is underperforming the reference symbol.
RS = 1: The current asset and the reference symbol are performing equally.
Alerts: You can enable alerts for when the RS crosses certain levels (e.g., when RS > 1 or RS < 1).
How It Works:
Reference Symbol: The user inputs the benchmark asset or symbol (e.g., "SPY" for an S&P 500 ETF). This will be used as the comparison symbol.
RS Calculation: The RS Value is calculated by dividing the current asset's close price by the reference asset's close price:
RS
=
Close Price of Current Asset
Close Price of Reference Asset
RS=
Close Price of Reference Asset
Close Price of Current Asset
Plotting:
The RS value is plotted on the chart as a line.
A horizontal line at RS = 1 is drawn for easy comparison, representing parity (when the asset and reference symbol have the same price).
Background Coloring: The background is colored:
Green when RS > 1 (indicating the asset is outperforming the benchmark).
Red when RS < 1 (indicating the asset is underperforming the benchmark).
Alerts: Alerts are triggered when the RS value is above or below 1, indicating outperformance or underperformance relative to the benchmark.
Correlation Confluence Trend IndicatorCorrelation Confluence Trend Indicator
Overview
The Correlation Confluence Trend Indicator combines exponential moving averages (EMAs) and statistical correlation measures to identify high-confidence trend alignments between an asset and a benchmark. By filtering signals through correlation strength, this indicator highlights opportunities when the asset and benchmark move together. In other words, it defines a trend and then uses correlation strength and the trend of a second asset to identify high-confidence trends.
Key Features
Dual EMA Trend Analysis :
Calculates fast and slow EMAs for both the asset and the selected benchmark (e.g., SPY) to identify bullish and bearish trends.
Correlation Strength Filtering :
Evaluates correlation between the asset and benchmark, identifying stronger-than-average relationships based on the mean and standard deviation.
Background Color Coding :
- Green : Strong correlation, both asset and benchmark bullish.
- Aqua : Weak correlation, both asset and benchmark bullish.
- Red : Strong correlation, both asset and benchmark bearish.
- Fuchsia : Weak correlation, both asset and benchmark bearish.
- Orange : Strong correlation, benchmark bullish, asset bearish.
- Yellow : Weak correlation, benchmark bullish, asset bearish.
- Purple : Strong correlation, benchmark bearish, asset bullish.
- Lime : Weak correlation, benchmark bearish, asset bullish.
Visual Trend Indicators :
Plots fast and slow EMAs for the asset, dynamically colored based on aggregate trend signals. The color of this corresponds to the main trend signal.
Inputs
Benchmark Symbol : Symbol of the benchmark asset to compare against.
Fast EMA Length : Period for the fast EMA calculation.
Slow EMA Length : Period for the slow EMA calculation.
Correlation Length : Number of bars for correlation calculation.
Correlation Mean Length : Number of bars for mean and standard deviation calculation.
Std Dev Multiplier : Multiplier for standard deviation to define correlation strength. When the correlation is Std Dev Multiplier standard deviations above the mean, it counts as a strong correlation.
Set Background Color : Toggle background coloring on or off.
Notes
This indicator is primarily designed for trend-following strategies. By combining trend analysis and correlation filtering, it ensures that signals occur during aligned market conditions, reducing false signals.
Before incorporating this indicator into your trading strategy:
Always backtest on historical data to evaluate its performance before committing capital.
Use proper risk management to control position sizes and mitigate potential losses.
Remember that no indicator guarantees success. I'm quite proud of this one, but it's not the holy grail.
Price Move Exceed % Threshold & BE Evaluation1Handy to see history or quick back test of moves. Enter a decimal for percentage wanted and choose the time frame wanted . The occurrences of the up or down threshold are plotted in the panel as maroon or green squares and can be read as red or green text in the panel data and on the right hand scale . The last number in the panel is the average move for the chosen period.
My usage is mostly to see what % has been exceeded for break even prices of option trades. Example: in SPY a spread has a break even of 567 when the price is 570; I get the percentage of the $3 move by dividing 3/570 to get 0.0526 ; the results show as described above.
XRP Comparative Price Action Indicator - Final VersionXRP Comparative Price Action Indicator - Final Version
The XRP Comparative Price Action Indicator provides a comprehensive visual analysis of XRP’s price movements relative to key cryptocurrencies and market indices. This indicator normalises price data across various assets, allowing traders and investors to assess XRP’s performance against its peers and major market influences at a glance.
Key Features:
• Normalised Price Data: Prices are scaled between 0.00 and 1.00,
enabling straightforward comparisons between different assets.
• Key Comparisons: Includes normalised prices for:
• XRP/USD (Bitstamp)
• XRP Dominance (CryptoCap)
• XRP/BTC (Bitstamp)
• BTC/USD (Bitstamp)
• BTC Dominance (CryptoCap)
• USDT Dominance (CryptoCap)
• S&P 500 (SPY)
• DXY (Dollar Index)
• ETH/USD (Bitstamp)
• ETH Dominance (CryptoCap)
• XRP/ETH (Binance)
• Visual Clarity: Each asset is plotted with distinct colors for easy identification,
with thicker lines enhancing visibility on the chart.
• Reference Lines: Optional horizontal lines indicate the minimum (0) and maximum (1) normalised values, providing clear reference points for analysis.
This indicator is ideal for traders looking to understand XRP’s relative performance, gauge market sentiment, and make informed trading decisions based on comparative price action.
RPS Trading Signals & Backtesting
Overview:
The Enhanced Relative Price Strength (RPS) Indicator is designed for trend traders looking to identify the relative strength of stocks within a select universe. By comparing the price movements of chosen stocks over a specified period, this indicator helps traders make informed decisions about potential buying and selling opportunities.
Key Features:
Relative Strength Ranking: Our RPS indicator ranks the price performance of individual stocks against a curated selection, enabling users to pinpoint which stocks are exhibiting relative strength or weakness.
Customizable Stock Universe: The script evaluates 40 stocks, which include 30 high-weight NDX100 stocks, 4 major index ETFs (SPY, QQQ, DIA, IWM), and allows for the addition of 6 user-defined custom stocks.
Dynamic Color Gradients: The visual representation of the RPS score utilizes a gradient color scheme ranging from purple at low scores to red at high scores, leveraging the color for clear, immediate insight into stock performance.
Threshold Visualization: Users can set specific high (default 85) and low (default 15) thresholds for RPS, highlighted with solid line indicators and area fills. This visual aspect aids traders in quickly spotting entry and exit points.
Trading Signal Generation: The script includes logic for generating buy and sell signals according to defined RPS behaviors relative to the set thresholds, factoring in market conditions based on a long-term moving average.
Backtesting Capabilities: Users can backtest trading signals by inputting desired start and end dates, allowing traders to evaluate the effectiveness of the RPS strategy on historical data for various assets including stocks and cryptocurrencies (e.g., NVDA, LLY, GOOG, BTC, ETH, SOL).
User-Friendly Options: The script allows for adjustments such as moving average lengths, visibility of trading signals, and fills for ease of use and customization according to trading preferences.
How It Works:
The RPS Indicator functions by calculating the performance of stocks relative to each other. Based on the RPS trends, the indicator identifies when to enter or exit trades, providing a framework to capitalize on market movements.
Conclusion:
The Enhanced RPS Indicator aims to empower traders with a powerful analytical tool in their arsenal, tailored to simplify decision-making and bolster trading strategies. As this script evolves, we encourage feedback and collaboration from users to refine and enhance its capabilities further.
Trade Less, Earn More!
Divergence for Many Indicators v4 Screener▋ INTRODUCTION:
The “Divergence for Many Indicators v4 Screener” is developed to provide an advanced monitoring solution for up to 24 symbols simultaneously. It efficiently collects signals from multiple symbols based on the “ Divergence for Many Indicators v4 ” and presents the output in an organized table. The table includes essential details starting with the symbol name, signal price, corresponding divergence indicator, and signal time.
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▋ CREDIT:
The divergence formula adapted from the “ Divergence for Many Indicators v4 ” script, originally created by @LonesomeTheBlue . Full credit to his work.
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▋ OVERVIEW:
The chart image can be considered an example of a recorded divergence signal that occurred in $BTCUSDT.
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▋ APPEARANCE:
The table can be displayed in three formats:
1. Full indicator name.
2. First letter of the indicator name.
3. Total number of divergences.
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▋ SIGNAL CONFIRMATION:
The table distinguishes signal confirmation by using three different colors:
1. Not-Confirmed (Orange): The signal is not confirmed yet, as the bar is still open.
2. Freshly Confirmed (Green): The signal was confirmed 1 or 2 bars ago.
3. Confirmed (Gray): The signal was confirmed 3 or more bars ago.
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▋ INDICATOR SETTINGS:
Section(1): Table Settings
(1) Table location on the chart.
(2) Table’s cells size.
(3) Chart’s timezone.
(4) Sorting table.
- Signal: Sorts the table by the latest signals.
- None: Sorts the table based on the input order.
(5) Table’s colors.
(6) Signal Confirmation type color. Explained above in the SIGNAL CONFIRMATION section
Section(2): Divergence for Many Indicators v4 Settings
As seen on the Divergence for Many Indicators v4
* Explained above in the APPEARANCE section
Section(3): Symbols
(1) Enable/disable symbol in the screener.
(2) Entering a symbol.
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▋ FINAL COMMENTS:
For best performance, add the Screener indicator to an active symbol chart, such as QQQ, SPY, AAPL, BTCUSDT, ES, EURUSD, etc., and avoid mixing symbols from different market allocations.
The Divergence for Many Indicators v4 Screener indicator is not a primary tool for making trading decisions.
Financial Crisis Predictor - Doomsday ClockThe **Financial Crisis Predictor - Doomsday Clock** is a composite indicator that evaluates multiple market conditions to determine financial risk levels. It combines four key metrics: market volatility (via VIX), yield curve spread, stock market momentum, and credit risk (via high-yield spread). Each metric contributes to a weighted "risk score," scaled between 0 and 100, which helps gauge the probability of a financial crisis. Here's a breakdown of how it works:
### 1. **Market Volatility (VIX)**
- **How it's measured:**
- Uses the VIX index, which represents expected market volatility.
- Applies two exponential moving averages (EMAs) to smooth out the data—one fast and one slow.
- Triggers a signal if the fast EMA crosses above the slow EMA and VIX exceeds a defined threshold (default is 30).
- **Weighting:**
- Contributes up to 35% of the total risk score when active.
### 2. **Yield Curve Spread**
- **How it's measured:**
- Takes the difference between the yields of 10-year and 2-year U.S. Treasury bonds (inversion indicates recession risk).
- If the spread drops below a certain threshold (default is 0.2), it signals a potential recession.
- **Weighting:**
- Contributes up to 25% of the risk score.
### 3. **Stock Market Momentum**
- **How it's measured:**
- Analyzes the S&P 500 (SPY) using a 20-day EMA for price momentum.
- Checks for a cross under the 20-day EMA and if the 5-day rate of change (ROC) is less than -2.
- This combination signals bearish market momentum.
- **Weighting:**
- Contributes up to 20% of the risk score.
### 4. **Credit Risk (High Yield Spread)**
- **How it's measured:**
- Assesses high-yield corporate bond spreads using EMAs, similar to the VIX logic.
- A crossover of the fast EMA above the slow EMA combined with spreads exceeding a defined threshold (default is 5.0) indicates increased credit risk.
- **Weighting:**
- Contributes up to 20% of the total risk score.
### 5. **Risk Score Calculation**
- The final **risk score** ranges from 0 to 100 and is calculated using the weighted sum of the four indicators.
- The score is smoothed to minimize false signals and maintain stability.
### 6. **Risk Zones**
- **Extreme Risk:** If the risk score is ≥ 75, indicating a severe crisis warning.
- **High Risk:** If the risk score is between 15 and 75, signaling heightened risk.
- **Moderate Risk:** If the risk score is between 10 and 15, representing potential concerns.
- **Low Risk:** If the risk score is < 10, suggesting stable conditions.
### 7. **Visual & Alerts**
- The indicator plots the risk score on a chart with color-coded backgrounds to indicate risk levels: green (low), yellow (moderate), orange (high), and red (extreme).
- Alert conditions are set for each risk zone, notifying users when the risk level transitions into a higher zone.
This indicator aims to quickly detect potential financial crises by aggregating signals from key market factors, making it a versatile tool for traders, analysts, and risk managers.
The Strat Candle State Table (Two Symbols)The Strat Candle State Table (Two Symbols) – Multi-Timeframe Analysis
This advanced indicator is designed for traders who follow The Strat methodology, providing a quick, clear, and actionable view of candle states across two selected symbols and a chosen timeframe. It allows you to seamlessly integrate multi-symbol analysis into your trading, offering real-time insights into price action and market momentum based on **The Strat’s** powerful principles.
What It Does:
For each selected symbol, the indicator retrieves and analyzes the price data for three candles:
- Candle 1 (C1): The third candle from the current one.
- Candle 2 (C2): The candle directly before the current one (previous candle).
- Current Candle (CC): The live candle, which is still forming.
Using this information, it plots the Scenario 1 (Inside Bar), Scenario 2 (Directional), and **Scenario 3 (Outside Bar)** states for each candle, color-coding them to help you quickly assess market conditions and price action.
Strat Candle States:
- Scenario 1 (Inside Bar): The candle stays within the high and low of the previous candle (indicating consolidation or indecision).
- Scenario 2 (Directional)* The candle breaks either the high (2-up) or low (2-down) of the previous candle, indicating potential continuation in that direction.
- Scenario 3 (Outside Bar): The candle breaks both the high and low of the previous candle, signaling increased volatility and a potential reversal.
Customizable Color Scheme:
The default colors follow these settings (but can be changed to your preference):
- 1U (Inside and Up): Yellow (indicating an inside bar that closed higher).
- 1D (Inside and Down): Orange (indicating an inside bar that closed lower).
- 2U (Two Up): Green if the candle closes higher, Red if the candle closes lower (conflict).
- 2D (Two Down): Red if the candle closes lower, Green if the candle closes higher (conflict).
- 3U (Three Up): Lighter Purple.
- 3D (Three Down): Darker Purple/Magenta.
Each state is dynamically updated based on the actual price action and whether the candle closes above or below the open. Conflict candles (like a 2-up closing red or 2-down closing green) are highlighted, making it easier to spot potential reversals or weakness in the trend.
Timeframe Flexibility:
You can overlay this indicator on any chart regardless of the timeframe. The key is to select the timeframe you want the indicator to plot for when setting up. Whether you're working on a 5-minute chart, daily, or even weekly, the indicator will analyze the candles according to the selected timeframe, giving you the versatility to adapt it to various trading strategies.
Powerful Use Cases:
1. Multi-Symbol Analysis in Real-Time: The Strat Candle State Table displays the candle states for two symbols at once, helping you track multiple instruments without switching charts. This is extremely useful when monitoring correlated assets like SPY and QQQ, or sector-related pairs such as DIA and IWM
2. Seamless Top-Down View: By analyzing the three most recent candles (C1, C2, and the current candle), the indicator allows you to maintain a top-down perspective on price action, spotting setups early and tracking candle state changes across different symbols and timeframes.
3. Enhanced Conflict Detection: The background shading automatically adjusts for conflict candles, such as a 2-up that closes red or a 2-down that closes green. This provides a quick visual cue to warn you when the current trend may be weakening or reversing.
4. Trade Execution Precision: With this table providing constant feedback on price action and candle state, traders can more easily time their entries and exits, whether they are looking for reversals or continuations
5. Focus on Timeframe Continuity: Use this indicator to stay in alignment with The Strat's Timeframe Continuity, ensuring you are trading in the direction of the most aligned candles, across both symbols. This allows for more precise trade management and higher-probability setups.
6. Customizable to Your Strategy: Change the color coding and candle states to match your personal preferences or trading strategy, making this indicator adaptable to your specific needs.
Most Powerful Use Case – Simultaneous Break Detection:
The Strat Candle State Table shines in setups where simultaneous breaks are being monitored across multiple symbols. For example, if both symbols trigger a 2-up or 3-up at the same time, this confirms that momentum is flowing in the same direction for multiple instruments, giving you stronger trade conviction.
By seeing real-time data for two key symbols, you can ensure that you're catching simultaneous breaks, where multiple instruments are signaling the same move. This can be especially effective in index-based trading, where the strength or weakness of multiple sectors or assets must align for a higher probability of success
SP500 RatiosThe "SP500 Ratios" indicator is a powerful tool developed for the TradingView platform, allowing users to access a variety of financial ratios and inflation-adjusted data related to the S&P 500 index. This indicator integrates with Nasdaq Data Link (formerly known as Quandl) to retrieve historical data, providing a comprehensive overview of key financial metrics associated with the S&P 500.
Key Features
Price to Sales Ratio: Quarterly ratio of price to sales (revenue) for the S&P 500.
Dividend Yield: Monthly dividend yield based on 12-month dividend per share.
Price Earnings Ratio (PE Ratio): Monthly price-to-earnings ratio based on trailing twelve-month reported earnings.
CAPE Ratio (Shiller PE Ratio): Monthly cyclically adjusted PE ratio, based on average inflation-adjusted earnings over the past ten years.
Earnings Yield: Monthly earnings yield, the inverse of the PE ratio.
Price to Book Ratio: Quarterly ratio of price to book value.
Inflation Adjusted S&P 500: Monthly S&P 500 level adjusted for inflation.
Revenue Per Share: Quarterly trailing twelve-month sales per share, not adjusted for inflation.
Earnings Per Share: Monthly real earnings per share, adjusted for inflation.
User Configuration
The indicator offers flexibility through user-configurable options. You can choose to display or hide each metric according to your analysis needs. Users can also adjust the line width for better visibility on the chart.
Visualization
The selected data is plotted on the chart with distinct colors for each metric, facilitating visual analysis. A dynamic legend table is also generated in the top-right corner of the chart, listing the currently displayed metrics with their associated colors.
This indicator is ideal for traders and analysts seeking detailed insights into the financial performance and valuations of the S&P 500, while benefiting from the customization flexibility offered by TradingView.
Buy and Sell Alerts using VWAPThis is my first script, which I hope you'll enjoy.
The script generates alerts for buy and sell trades using VWAP and volume threshold that you select.
Indicators and Moving Averages :
This script allows you to choose which moving averages like VWAP, 9EMA, 10, 20, 50, 100, 200, and 325 SMAs you want to see on your chart.
Volume Threshold :
You can set a volume threshold, which is the minimum required volume required for buy and sell signals to be considered valid. (For example, I like 60,000 on SPY, 5 minute chart.)
Buy and Sell Signals :
The script checks if the stock prices crosses above or below the VWAP and if the trading volume is above the threshold you set.
If the price crosses above the VWAP and the volume is sufficient, a "Buy" signal is generated.
If the price crosses below the VWAP and the volume is sufficient, a "Sell" signal is generated.
This hopefully user-friendly indicator will alert you when certain conditions trading conditions are met, helping to make it a little easier to make informed trading decisions.
Risk On/Risk Off Williams %RThe Risk On/Risk Off Williams %R indicator is a technical analysis tool designed to gauge market sentiment by comparing the performance of risk-on and risk-off assets. This indicator combines the Williams %R, a momentum oscillator, with a composite index derived from various financial assets to determine the prevailing market risk sentiment.
Components:
Risk-On Assets: These are typically more volatile and are expected to perform well during bullish market conditions. The indicator uses the following risk-on assets:
SPY (S&P 500 ETF)
QQQ (Nasdaq-100 ETF)
HYG (High-Yield Corporate Bond ETF)
XLF (Financial Select Sector SPDR Fund)
XLK (Technology Select Sector SPDR Fund)
Risk-Off Assets: These are generally considered safer investments and are expected to outperform during bearish market conditions. The indicator includes:
TLT (iShares 20+ Year Treasury Bond ETF)
GLD (SPDR Gold Trust)
DXY (U.S. Dollar Index)
IEF (iShares 7-10 Year Treasury Bond ETF)
XLU (Utilities Select Sector SPDR Fund)
Calculation:
Risk-On Index: The average closing price of the risk-on assets.
Risk-Off Index: The average closing price of the risk-off assets.
The composite index is computed as:
Composite Index=Risk On Index−Risk Off Index
Composite Index=Risk On Index−Risk Off Index
Williams %R: This momentum oscillator measures the current price relative to the high-low range over a specified period. It is calculated as:
\text{Williams %R} = \frac{\text{Highest High} - \text{Composite Index}}{\text{Highest High} - \text{Lowest Low}} \times -100
where "Highest High" and "Lowest Low" are the highest and lowest values of the composite index over the lookback period.
Usage:
Williams %R: A momentum oscillator that ranges from -100 to 0. Values above -50 suggest bullish conditions, while values below -50 indicate bearish conditions.
Background Color: The background color of the chart changes based on the Williams %R relative to a predefined threshold level:
Green background: When Williams %R is above the threshold level, indicating a bullish sentiment.
Red background: When Williams %R is below the threshold level, indicating a bearish sentiment.
Purpose:
The indicator is designed to provide a visual representation of market sentiment by comparing the performance of risk-on versus risk-off assets. It helps traders and investors understand whether the market is leaning towards higher risk (risk-on) or safety (risk-off) based on the relative performance of these asset classes. By incorporating the Williams %R, the indicator adds a momentum-based dimension to this analysis, allowing for better decision-making in response to shifting market conditions.
