Depth — Indicators and Strategies

Momentum Scope Overview Momentum Scope is a Pine Script™ v6 study that renders a –1 to +1 momentum heatmap across up to 32 lookback periods in its own pane. Using an Augmented Relative Momentum Index (ARMI) and color shading, it highlights where momentum strengthens, weakens, or stays flat over time—across any asset and timeframe. Key Features Full-Spectrum Momentum Map : Computes ARMI for 1–32 lookbacks, indexed from –1 (strong bearish) to +1 (strong bullish). Flexible Scale Gradation : Choose Linear or Exponential spacing, with adjustable expansion ratio and maximum depth. Trending Bias Control : Apply a contrast-style curve transform to emphasize trending vs. mean-reverting behavior. Duotone & Tritone Palettes : Select between two vivid color styles, with user-definable hues for bearish, bullish, and neutral momentum. Compact, Overlay-Free Display : Renders solely in its own pane—keeping your price chart clean. Inputs & Customization Scale Gradation : Linear or Exponential spacing of intervals Scale Expansion : Ratio governing step-size between successive lookbacks Scale Maximum : Maximum lookback period (and highest interval) Trending Bias : Curve-transform bias to tilt the –1 … +1 grid Color Style : Duotone or Tritone rendering modes Reducing / Increasing / Neutral Colors : Pick your own hues for bearish, bullish, and flat zones How to Use Add to Chart : Apply “Momentum Scope” as a separate indicator. Adjust Scale : For exponential spacing, switch your indicator Y-axis to Logarithmic . Set Bias & Colors : Tweak Trending Bias and choose a palette that stands out on your layout. Interpret the Heatmap : Red tones = weakening/bearish momentum Green tones = strengthening/bullish momentum Neutral hues = indecision or flat momentum Copyright © 2025 MVPMC. Licensed under MIT. For full license see opensource.org

Depth Trend Indicator - RSI Depth Trend Indicator - RSI This indicator is designed to identify trends and gauge pullback strength by combining the power of RSI and moving averages with a depth-weighted calculation. The script was created by me, Nathan Farmer and is based on a multi-step process to determine trend strength and direction, adjusted by a "depth" factor for more accurate signal analysis. How It Works Trend Definition Using RSI: The RSI Moving Average ( rsiMa ) is calculated to assess the current trend, using customizable parameters for the RSI Period and MA Period . Trends are defined as follows: Uptrend : RSI MA > Critical RSI Value Downtrend : RSI MA < Critical RSI Value Pullback Depth Calculation: To measure pullback strength relative to the current trend, the indicator calculates a Depth Percentage . This is defined as the portion of the gap between the moving average and the price covered by a pullback. Depth-Weighted RSI Calculation: The Depth Percentage is then applied as a weighting factor on the RSI Moving Average , giving us a Weighted RSI line that adjusts to the depth of pullbacks. This line is rather noisy, and as such we take a moving average to smooth out some of the noise. Key Parameters RSI Period : The period for RSI calculation. MA Period : The moving average period applied to RSI. Price MA Period : Determines the SMA period for price, used to calculate pullback depth. Smoothing Length : Length of smoothing applied to the weighted RSI, creating a more stable signal. RSI Critical Value : The critical value (level) used in determining whether we're in an uptrend or a downtrend. Depth Critical Value : The critical value (level) used in determining whether or not the depth weighted value confirms the state of a trend. Notes: As always, backtest this indicator and modify the parameters as needed for your specific asset, over your specific timeframe. I chose these defaults as they worked well on the assets I look at, but it is likely you tend to look at a different group of assets over a different timeframe than what I do. Large pullbacks can create large downward spikes in the weighted line. This isn't graphically pleasing, but I have tested it with various methods of normalization and smoothing and found the simple smoothing used in the indicator to be best despite this.

Liquidity Price Depth Chart [LuxAlgo]The Liquidity Price Depth Chart is a unique indicator inspired by the visual representation of order book depth charts, highlighting sorted prices from bullish and bearish candles located on the chart's visible range, as well as their degree of liquidity. Note that changing the chart's visible range will recalculate the indicator. 🔶 USAGE The indicator can be used to visualize sorted bullish/bearish prices (in descending order), with bullish prices being highlighted on the left side of the chart, and bearish prices on the right. Prices are highlighted by dots, and connected by a line. The displacement of a line relative to the x-axis is an indicator of liquidity, with a higher displacement highlighting prices with more volume. These can also be easily identified by only keeping the dots, visible voids can be indicative of a price associated with significant volume or of a large price movement if the displacement is more visible for the price axis. These areas could play a key role in future trends. Additionally, the location of the bullish/bearish prices with the highest volume is highlighted with dotted lines, with the returned horizontal lines being useful as potential support/resistances. 🔹 Liquidity Clusters Clusters of liquidity can be spotted when the Liquidity Price Depth Chart exhibits more rectangular shapes rather than "V" shapes. The steepest segments of the shape represent periods of non-stationarity/high volatility, while zones with clustered prices highlight zones of potential liquidity clusters, that is zones where traders accumulate positions. 🔹 Liquidity Sentiment At the bottom of each area, a percentage can be visible. This percentage aims to indicate if the traded volume is more often associated with bullish or bearish price variations. In the chart above we can see that bullish price variations make 63.89% of the total volume in the range visible range. 🔶 SETTINGS 🔹 Bullish Elements Bullish Price Highest Volume Location: Shows the location of the bullish price variation with the highest associated volume using one horizontal and one vertical line. Bullish Volume %: Displays the bullish volume percentage at the bottom of the depth chart. 🔹 Bearish Elements Bearish Price Highest Volume Location: Shows the location of the bearish price variation with the highest associated volume using one horizontal and one vertical line. Bearish Volume %: Displays the bearish volume percentage at the bottom of the depth chart. 🔹 Misc Volume % Box Padding: Width of the volume % boxes at the bottom of the Liquidity Price Depth Chart as a percentage of the chart visible range

Depth Multiple Time Frame The price always returns to the average !!! An important separation of the price with respect to an average, indicates a depth and generally generates a reversion or correction in the trend. Depth detection is a simple and very powerful technique, it is widely used for scalping and pyramid operations, this indicator detects depth in 7 time frames, everything is configurable independently, simultaneous detection of depth in several time frames increases The chances of success in the operation. I personally like pyramidization and it is one of the tools I use to detect depth to average the price of my operations. thumbs up!!

Correction Percent and Days Since S Use this script to see the depths of corrections and also to see how long it has been since a correction. I published this script because the last time the SNP has gone this long without a 5% correction was 1996 excluding bear markets of course. NOTE: This script is a 2 in 1. In order to see correction depth only use the first 3 plot settings as visible. In order to see the days since a correction use the last two plot settings.