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Equilibrium

Electronic Trading Hours Session/CandlesThis indicator visually distinguishes the electronic trading session, spanning from the prior day's close (e.g., 5:00 PM EST) through the overnight period until the next day's opening bell (e.g., 9:30 AM EST). It can be customized to highlight this period with a shaded zone or colored candles depending on the trader’s preference. The overnight levels that create the opening range gap often act as critical zones of liquidity. The indicator provides a clear visual cue of potential price magnets that smart money (institutional traders) may target during the opening bell session to trigger liquidity sweeps.
Pine Script® indicator
by Eightgent7
1
Volume Equilibrium Overlay(2 of 2)This is an overlay for a prior script I've created: Volume Equilibrium. To sum it up in a brief manner, this script plots when there is "volume-equilibrium" aka prices that the market may see as "fair-value" relative to the specified timeframe. This script provides what my last code lacked and that is a visual representation of critical prices. The arrows beside the indications indicate the direction that the buying/selling volume was heading towards. UP ARROW - indicates that equilibrium was had via increasing buy volume DOWN ARROW - indicates that equilibrium was had via decreasing buy volume Remember, this doesn't inherently mean that a stock is supposed to go up or down. Its just a representation of 'fair-value' points using volume. Also remember... both indicators provide what the other lacks. It isn't necessary to use both but for a broad overview of volume it definitely helps to at least be aware of how this information can be represented. Perhaps... consider switching between the two to see what you may be missing. I believe finding 'fair-value' points via volume and price action provides a more objective way to measure what prices one should look at rather then arbitrary lines plotted on a chart. For more information feel welcome to look at the script that this code is based off of.
Pine Script® indicator
by ddcakez
Volume EquilibriumThe intent behind this indicator is to provide comprehensive information relating to volume compared to multiple timeframes. This indicator allows one to see what the market 'theoretically' sees as 'fair-value' whilst also allowing one to gauge where the price of a stock is headed. Volume Equilibrium The main indicator finds the difference between buying volume and selling volume, under the basic presumption that more buying volume indicates greater bullish sentiment and vice versa. Buying Volume = volume when close price is higher than open price. Selling Volume = volume when close price is lower than open price. Volume Balance = Cumulative Buying Volume − Cumulative Selling Volume Volume Balance is then expressed as a percentage by dividing by total volume This indicator is composed of three different lengths of the same indicator. Short, Mid, and Long term representations of Volume Equilibrium. The difference between the mid and long term are highlighted so to make it easy to see where volume is going relative to a longer time frame. HOW TO USE: At 0 ---> Equilibrium ---> Equal Buying/Selling Volume Above 0 ---> More buying Volume Below 0 ---> More selling Volume Using theory, it is assumed that the price is at a 'fair-value' when the buying/selling volume is at 0. This is of course relative to the respective timeframe of your choosing. More weight given to larger timeframes. Volume Histogram It is a basic volume chart that represents the total volume though has highlighted bars so to indicate buying(green) and selling(red) volume. This allows one to see what the indicator is based off of. Open-Close Oscillator(not needed) Calculates the average open-close for a selected timeframe and then provides the current closing price relative to that average open-close. Very simply put, values below 0 indicate bearish and values above 0 generally indicate bullishness. This indicator is for a quick reference of price action relative to volume. Another way to use this indicator, though unique, is to analyze the separate open-close lines themselves. Using the open-close bands, bullishness is defined as increasing closing prices and bearish as decreasing closing prices. So, in regard to this indicator, bear sessions can be indicated by the opening line being below the closing line and bull sessions as the opening line being above. Use the 'flip' of these lines to your advantage, they are very helpful at capturing long continuous sentiment. This indicator is composed of great information though I still think it best to use many different indicators to help you with your trades. NOTE: Be aware of what we are trying to analyze, Volume. This means that one should also look out for divergences to capture early indications of reversals. This indicator can be leveraged greatly.
Pine Script® indicator
by ddcakez
1
Equal Highs & Lows [UAlgo] 🔶 Description: The "Equal Highs/Lows " indicator is designed to identify equal highs and lows within price action. These levels are significant as they often indicate potential reversal points or areas of consolidation in the market. The indicator is based on specific settings and utilizes the concept of Average True Range (ATR) to determine thresholds for identifying these key price levels. The indicator plots lines and labels to mark equal highs and lows on the price chart. It dynamically adjusts to changes in market volatility by utilizing ATR-based thresholds. 🔶 Settings: Pivot Length: Determines the number of bars used to identify pivot highs and lows. ATR Length to calculate threshold: Specifies the length of the ATR used to calculate the threshold for determining equal highs and lows. Threshold: Sets the percentage threshold used in conjunction with ATR to identify equal highs and lows. Wait For Confirmation: When enabled, the indicator waits for confirmation by considering pivots beyond (considers right length bars while calcuation pivot points) the specified length. While "Wait For Confirmation" is enabled, EQH / EQL Lines will appear after "Pivot Length" after for confirmation While "Wait For Confirmation" is disabled, EQH / EQL Lines will appear immediately if it meets the requirements to create EQH or EQL as soon as the candle closes. 🔶 Disclaimer: "Equal Highs/Lows " is provided for informational and educational purposes only. Trading involves risks, and users should exercise caution and perform their own analysis before making any trading decisions based on this indicator. The creator of the indicator, UAlgo, does not guarantee the accuracy or reliability of the indicator, and usage of this indicator is at the user's own risk.
Pine Script® indicator
by UAlgo
11
EQ LEVELS / EquilibriumWhat is it, How to use it, How to adjust the settings? What Calculates EQ Level? What is it? EQ, Equilibrium, In the money market, the term "equilibrium" or "equilibrium" refers to the point at which supply and demand are equalised. At this point, money supply and money demand meet each other and interest rates stabilise at a certain level. Equilibrium in the money market reflects the overall financial balance in the economy According to What Calculates the EQ Level? Normally, there may be many different alternatives to this, but I have printed the result on the screen by adding the highest and lowest levels of the prices and averaging them to think of a simple solution. How to use it? I have added 4 timeframes for both long-term investors and traders to use. If you want to use which timeframe, you can select the timeframe you want from the settings and see it on the chart. For those who want to trade, my suggestion is to follow the daily eq levels and of course look at the weekly eq levels. The weekly eq level can give you an idea of what kind of price range the next day may be in. How to Make Settings? When you first add the indicator to the chart, it draws a line. You change it to a circle or plus in the settings, it will look like the picture I shared. I also share open source code and can make changes in the code. Nedir?, Nasıl Kullanılır?, Ayarları Nasıl Yapılır? EQ Seviyesini Neye Göre Hesaplar? Nedir?: EQ yani Equilibrium, Para piyasasında "denge" veya "equilibrium" terimi, arz ve talebin eşitlendiği noktayı ifade eder. Bu noktada, para arzı ile para talebi birbirini karşılar ve faiz oranları belirli bir seviyede dengelenir. Para piyasasındaki denge, ekonomideki genel finansal dengeyi yansıtır EQ Seviyesini Neye Göre Hesaplar? Normalde bunun farlı bir çok alternatifi olabilir ama ben biraz basit bir çözüm düşünmek için fiyatların en yüksek ve en düşük seviyelerini toplayarak ve ortalamasını alarak çıka sonucu ekrana yazdırdım. Nasıl Kullanılır? Hem uzun vadeli yatırım yapanlar hem de trade yapanların kullanabilmesi için 4 zaman dilimi ekledim. Hangi zaman dilimini kullanmak istiyorsanız ayarlardan istediniz zaman dilimini seçip onu grafikte görebilirsiniz. Trade yapmak isteyenler için önerim günlük eq seviyelerini takip etmeleri ve tabiki haftalık eq seviyelerine bakın. Haftalık eq seviyesi size bir sonra ki günün nasıl bir fiyat aralığı içerisinde olabileceği konusunda fikir verebilir. Ayarları Nasıl Yapılır? Grafiğe indikatörü ilk eklediğiniz de çizgi çizdirir. Siz ayarlardan onu daire veya artı olarak değiştirin benim paylaştığım resimde ki gibi görünecektir. Ayrıca açık kaynak kodlu paylaşıyorum isteyen kod içerisinde değişiklikler yapabilir.
Pine Script® indicator
by xenit0
Mason’s Line IndicatorThe Macon Strategy is an idea conceived by Didier Darcet , co-founder of Gavekal Intelligence Software. Inspired by the Water Level, an instrument used by masons to check the horizontality or verticality of a wall. This method aims to measure the psychology of financial markets and determine if the market is balanced or tilting towards an unfavorable side, focusing on the behavioral risk of markets rather than economic or political factors. The strategy examines the satisfaction and frustration of investors based on the distance between the low and high points of the market over a period of one year. Investor satisfaction is influenced by the current price of the index and the path taken to reach that price. The distance to the low point provides satisfaction, while the distance to the high point generates frustration. The balance between the two dictates investors’ desire to hold or sell their positions. To refine the strategy, it is important to consider the opinion of a group of investors rather than just one individual. The members of a hypothetical investor club invest successively throughout the past year. The overall satisfaction of the market on a given day is a democratic expression of all participants. If the overall satisfaction is below 50%, investors are frustrated and sell their positions. If it is above, they are satisfied and hold their positions. The position of the group of investors relative to the high and low points represents the position of the air bubble in the water level. Market performance is measured day by day based on participant satisfaction or dissatisfaction. In conclusion, memory, emotions, and decision-making ability are closely linked, and their interaction influences investment decisions. The Macon Strategy highlights the importance of the behavioral dimension in understanding financial market dynamics. By studying investor behavior through this strategy, it is possible to better anticipate market trends and make more informed investment decisions. Presentation of the Mason’s Line Indicator: The main strategy of this indicator is to measure the average satisfaction of investors based on the position of an imaginary air bubble in a tube delimited by the market’s highs and lows over a given period. After calculating the satisfaction level, it is then normalized between 0 and 1, and a moving average can be used to visualize trends. Key features: Calculation of highs and lows over a user-defined period. Determination of the position of the air bubble in the tube based on the closing price. Calculation of the average satisfaction of investors over a selected period. Normalization of the average satisfaction between 0 and 1. Visualization of normalized or non-normalized average satisfaction levels, as well as their corresponding moving averages. User parameters: Period for min and max (days) : Sets the period over which highs and lows will be calculated (1 to 365 days). Period for average satisfaction (days) : Determines the period over which the average satisfaction of investors will be calculated (1 to 365 days). Period for SMA : Sets the period of the simple moving average used to smooth the data (1 to 1000 days). Bubble_value : Adjustment of the air bubble value, ranging from 0 to 1, in increments of 0.025. Normalized average satisfaction : Option to choose whether to display the normalized or non-normalized average satisfaction. Please note that the Mason’s Line Indicator is not a guarantee of future market performance and should be used in conjunction with proper risk management. Always ensure that you have a thorough understanding of the indicator’s methodology and its limitations before making any investment decisions. Additionally, past performance is not indicative of future results.
Pine Script® indicator
by Ox_kali
Equilibrium╭━━━╮╱╱╱╱╱╱╭╮╱╭╮ ┃╭━━╯╱╱╱╱╱╱┃┃╱┃┃ ┃╰━━┳━━┳╮╭┳┫┃╭┫╰━┳━┳┳╮╭┳╮╭╮ ┃╭━━┫╭╮┃┃┃┣┫┃┣┫╭╮┃╭╋┫┃┃┃╰╯┃ ┃╰━━┫╰╯┃╰╯┃┃╰┫┃╰╯┃┃┃┃╰╯┃┃┃┃ ╰━━━┻━╮┣━━┻┻━┻┻━━┻╯╰┻━━┻┻┻╯ ╱╱╱╱╱╱┃┃ ╱╱╱╱╱╱╰╯ Overview Equilibrium is a tool designed to measure the buying & selling pressure in the market. It is depicted as a “pressure gauge” that automatically adjusts as new candles are formed, providing a real-time indication of who's on top right now, buyers or sellers? Background Supply & demand is considered to be the main driving force of our modern economies, where the interaction between the two parties(sellers & buyers) leads to the determination of the fair price for a given product. Stock markets are no exception, they operate very much based around the idea of supply & demand. In simple terms, supply refers to the availability of a product, and demand is the willingness of consumers to buy that product at a given price. It is obvious that different vendors may sell the same product at slightly different prices, and similarly, different customers may choose to buy the same product from different vendors at varying prices. The idea is that the price is allowed to fluctuate from time to time, but in a free & fair market, the price will eventually settle down to a value that makes both the parties happy. Such a state is known as the “Price-Equilibrium”, and this process is also referred to as the market mechanism. This is the basic assumption around which this tool is based, the market is always trying to move towards a state of equilibrium. Calculations This tool takes a simplistic approach to estimate the degree of imbalance between buyers & sellers, here’s a brief summary of how the pressure is calculated: - We compute the total lengths of red & green candles for a given period, i.e. price range multiplied by the volume for that candle. - Then the distribution of each type of candle is calculated. - Assuming more red candles denote more selling pressure, and green candles denote buying pressure, the gauge is populated cell by cell. - As the pressure on one side increases, the intensity of the cell color also increases, signifying the extent to which one side is dominating. How to use it - The indicator is designed as a pressure gauge that moves up(vertical alignment) or to the right(horizontal alignment) as the buying pressure increases, and moves down or to the left as the selling pressure increases. How it is to be used & applied, that completely depends on your trading methodology. But, the general idea is that we expect the market to be in a state of equilibrium, and if that is not the case the tool will highlight that, and this is also where the opportunity lies to find suitable trades. - Just by having an idea about who’s dominating the market currently, a trader can also pick sides wisely. Remember, the market is always striving to come back a state of equilibrium, and a slight imbalance can indicate the current trend, and more importantly, who’s more likely to make the next move. User Settings The tool offers some minimal configurations for the end user: - You can choose to display the actual percentage value in the gauge(Show Text). - You can adjust colors that denote buyers & sellers. - You can change the layout of gauge, default is vertical(right side of the screen). - Last, and most important, you can adjust the number of candles to traverse for calculating the pressure. Default is 50, can go upto 1000.
Pine Script® indicator
by sudoMode
10
Equilibriums -- Based on Ichimoku Kinko HyoIntro: Hello dear traders. Lately I have been studying Ichimoku for trading. Personaly I find myself in a long lasting quest of creating an automated trading strategy that works. Let me tell you it aint easy. On this route I made countless of indicators some of which are worthless, others that have some potential. I did not publish these indicators as I do not want to bother people with sub par indicators that waste your time. My belief is strong and some day I will probably succeed in creating a working strategy. About the indicator: While researching Ichimoku Kinko Hyo (thanks chaostrader69 for providing such invaluable knowledge) I came across the numbers that define ichimoku. The Tenkan-sen and Kijun-sen lines and even the cloud are based on these numbers and create market equilibrium. The market always wants to return to this equilibrium. As a pine scripter and curious individual I made this indicator to expand the Tenkan and Kijun lines to more of these ichimoku number periods. Ofcourse this creates a mess of an indicator especialy when combined with the real ichimoku which is already too much info to grasp and apply correctly for most traders. I can not recommend any strategy with this indicator and that is why I want to deliver this simple script to the public. Opinions and trading theorys regarding these lines are very welcome. As you can see by the chart on the publication of this script the lines where nice and open and not crossing eachother in a clear uptrend. While when it was trading sideways the lines did not show direction at all and where close to eachother and crossing. Thx for taking the time to read this and possibly giving feedback. Feedback on the colors/line thickness is also welcome as I want my indicators to be beautiful!
Pine Script® indicator
by Honestcowboy
Damping IndexThis indicator was originally developed by Curtis McKallip Jr. (Stocks & Commodities, V.10:7 (296-299): "The Damping Index"). It indentifies bars where the highs and lows are getting close and closer. A high Damping Index value means that the difference between the high price and low price is becoming lower and the security price is reaching equilibrium. A low Damping Index value means that the difference between the high and low prices is increasing. Good luck and happy trading!
Pine Script® indicator
by everget