Introduction: As a trader, understanding the trend of the market is crucial for making informed decisions. One way to gain insight into the market trend is by using technical indicators, which are mathematical calculations that provide traders with valuable information about price action. In this post, we will explore a unique indicator called the "Trend Angle...
Introduction: In today's post, we'll dive deep into the source code of a unique trading tool, the Trend Angle Indicator. The script is an indicator that calculates the trend angle for a given financial instrument. This powerful tool can help traders identify the strength and direction of a trend, allowing them to make informed decisions. Overview of the Trend...
Radar chart is often used when you want to display data across several unique dimensions. Although there are exceptions, these dimensions are usually quantitative, and typically range from zero to a maximum value. Each dimension’s range is normalized to one another, so that when we draw our spider chart, the length of a line from zero to a dimension’s maximum...
This indicator is built to mesure the performance of a stock vs the index of choice. it is best use for the intraday session because it doesn't take gap into account when doing the calculation. This is how i made my math (using AAPL compared to SPY for simplicity) (change AAPL / ATR AAPL) - (change SPY / ATR SPY) * beta factor * volume factor change is calculated...
This indicator is designed to analyze the relative strength momentum of two US market indices, the Russell 2000 and S&P 500, by calculating their rate of change over a 21-bar period and comparing them. The difference between the average rate of change for IWM and SPY is then plotted as a histogram, with green bars indicating positive momentum and red bars...
The Radar Rider indicator is a powerful tool that combines multiple technical indicators into a single spider plot, providing traders with a comprehensive view of market conditions. This article will delve into the workings of each built-in indicator and their arrangement within the spider plot. To better understand the structure of the script, let's first examine...
The Volume Divergence Indicator is a powerful tool that can help traders identify potential price reversals in the market by analyzing volume data. The indicator has several features, including divergences signals, volume spikes, volume contractions, and volume trend signals. Unlike most divergence indicators, this one is focused on providing non-repainting...
USDT INFLOW TRACKER What does this script do? It looks for important inflow from USDT and write it below or above your chart. Does it matter? Yes because Tether with planned USDT inflow highly manipulate the crypto market. With this simple script you can study what and when something strange is going to happen on your favourite token. HOW IT WORKS? Pretty...
Gamma Bands are based on previous day data of base intrument, Volatility , Options flow (imported from external source Quandl via TradingView API as TV is not supporting Options as instruments) and few other additional factors to calculate intraday levels. Those levels in correlation with even pure Price Action works like a charm what is confirmed by big orders...
Investor Satisfaction & Price Divergence by 0x_kali is an adaptation of the Mason's Line Indicator with the inclusion of a normalized price divergence system. For more information on the Mason's Line Indicator, refer to the link provided: In this script, average investor satisfaction is normalized between 0 and 1. This normalization is achieved by subtracting...
🎲 Session Filter: A Customisable Trading Indicator for Defining Preferred Trade Sessions Session Filter is a simple trading indicator that enables traders to define their preferred trading sessions and optimise their approach based on individual preferences. By providing a range of flexible customisation options, Session Filter can help traders reduce risk,...
Giga Kaleidoscope GKD-C Sentiment Zone Oscillator is a Confirmation module included in Loxx's "Giga Kaleidoscope Modularized Trading System". █ GKD-C Sentiment Zone Oscillator The Sentiment Zone Oscillator (SZO) is a technical indicator used in financial markets to measure the sentiment of traders and investors. It is primarily used to identify potential...
SOPR (spent output profit ratio) is a metric, provided by Glassnode to measure if most BTC are moved in profit or in loss. The higher SOPR is, the more profits are realized (theoretically) and vice versa. This indicator shows SOPR visually as a heatmap directly on the Bitcoin chart. Cold temperatures (blue, purple) show bear markets. Bear market peaks should be...
The Range Sentiment Profile indicator is inspired from the volume profile and aims to indicate the degree of bullish/bearish variations within equidistant price areas inside the most recent price range. The most bullish/bearish price areas are highlighted through lines extending over the entire range. 🔶 SETTINGS Length: Most recent bars used for the...
Hello! Excited to share this with the community! This is actually a very simple indicator but actually usurpingly helpful, especially for those who trade indices such as SPX, IWM, QQQ, etc. Before I get into the indicator itself, let me explain to you its development. I have been interested in the use of option data to detect sentiment and potential reversals...
The Put-Call Bias Indicator provides a visual representation of the relative bias towards put options using CBOE data. This script calculates the Put/All ratio, displaying the difference as compared to an even 50% ratio as columns on the chart. A positive value indicates a higher proportion of puts being bought compared to the total number of options...
The Market Breadth Indicator is a technical analysis tool that provides traders and investors with valuable insights into the overall health of the stock market. This particular version of the indicator plots the Up Volume vs Down Volume Ratios for three major U.S. stock exchanges - NYSE, NASDAQ and AMEX - on a single chart. The Up Volume vs Down Volume Ratios...
A graph showing the commercials (part of COT-data) positioning in relation to its own range, X periods back. I usually choose the look-back period to equal approximately one year. This will be around 52 on a weekly chart and 250 on a daily chart. In my opinion a high data-point for the commercials is bullish and vice versa. But instead of only looking att...