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Indicators and strategies

Asset Premium/Discount Monitor📊 Overview The Asset Premium/Discount Monitor is a tool for analyzing the relative value between two correlated assets. It measures when one asset is trading at a premium or discount compared to its historical relationship with another asset, helping traders identify potential mean reversion opportunities, or pairs trading opportunities. 🎯 Use Cases Perfect for analyzing: NASDAQ:MSTR vs CRYPTO:BTCUSD - MicroStrategy's premium/discount to Bitcoin NASDAQ:COIN vs BITSTAMP:BTCUSD - Coinbase's relative value to Bitcoin NASDAQ:TSLA vs NASDAQ:QQQ - Tesla's premium to tech sector Regional banks AMEX:KRE vs AMEX:XLF - Individual bank stocks vs financial sector Any two correlated assets where relative value matters Example of a trade: MSTR vs BTC - When indicator shows MSTR at 95% percentile (extreme premium): Short MSTR, Buy BTC. Then exit when the spread reverts to the mean, say 40-60% percentile. 🔧 How It Works Core Calculation Ratio Analysis: Calculates the price ratio between your asset and the correlated asset Historical Baseline: Establishes the "normal" relationship using a 252-day moving average. You can change this. Premium Measurement: Measures current deviation from historical average as a percentage Statistical Context: Provides percentile rankings and standard deviation bands The Math Premium % = (Current Ratio / Historical Average Ratio - 1) × 100 🎨 Customization Options Correlated Asset: Choose any symbol for comparison Lookback Period: Adjust historical baseline (50-1000 days) Smoothing: Reduce noise with moving average (1-50 days) Visual Toggles: Show/hide bands and percentile lines Color Themes: Customize premium/discount colors 📊 Interpretation Guide Premium/Discount Reading Positive %: Asset trading above historical relationship (premium) Negative %: Asset trading below historical relationship (discount) Near 0%: Asset at fair value relative to correlation Percentile Ranking 90%+: Near recent highs - potential selling opportunity 10% and below: Near recent lows - potential buying opportunity 25-75%: Normal trading range Signal Classifications 🔴 SELL PREMIUM: Asset expensive relative to recent range 🟡 Premium Rich: Moderately expensive, monitor for reversal ⚪ NEUTRAL: Fair value territory 🟡 Discount Opportunity: Moderately cheap, potential accumulation zone 🟢 BUY DISCOUNT: Asset cheap relative to recent range 🚨 Built-in Alerts Extreme Premium Alert: Triggers when percentile > 95% Extreme Discount Alert: Triggers when percentile < 5% ⚠️ Important Notes Works best with highly correlated assets Historical relationships can change - monitor correlation strength Not investment advice - use as one factor in your analysis Backtest thoroughly before implementing any strategy 🔄 Updates & Future Features This indicator will be continuously improved based on user feedback. So... please give me your feedback!
Pine Script® indicator
by HenriqueCentieiro
Trendline Breakouts With Targets [ Chartprime ]The Trendline Breakouts With Targets indicator is meticulously crafted to improve trading decision-making by pinpointing trendline breakouts and breakdowns through pivot point analysis. Here's a comprehensive look at its primary functionalities: Upon the occurrence of a breakout or breakdown, a signal is meticulously assessed against a false signal condition/filter, after which the indicator promptly generates a trading signal. Additionally, it conducts precise calculations to determine potential target levels and then exhibits them graphically on the price chart.
Pine Script® indicator
by yeslabtechnologies
Price Deviation Table by ZonkeyXLProvides a 30 column table showing price deviation per bar close, highlighting larger deviations in red (downside) or green (upside). Deviations that get highlighted in red/green are calculated to be 2x the amount of price movement in the previous candle, but can be customised to check any deviation size you want in the options panel. Can be used on any timeframe but you need to specify the number of bars per table column to make it accurate to what you want. Examples: If used on the 1 second time frame you could specify bars to 1 and then each column value will check the price as at close on the most recent second for deviations against the close of price on the second prior, showing comparisons up to 30 seconds. If on the 1 minute time-frame you could specify bars to 2 and then each column value would show deviations from most recent price close to 2 minutes ago, making all 30 columns show deviations for up to an hour. At the end of the column are 3 orange coloured columns. The first one compares price to 10 bars ago. The second compares current price to 20 bars ago. The 3rd compares current price to 30 bars ago. In our example on the 1 second above, this would mean deviation is calculated by comparing most recent close to 10 seconds ago, then to 20 seconds ago, and then to 30 seconds ago. The final 3 columns do not highlight red or green, so you can differentiate them properly from the main deviation columns at all times. Note that the table is rolling - so once it is populated for the first time, only the final column will update while the prior values will shift one column to the left.
Pine Script® indicator
by darrenjalbert
BOR + 08:28BOR + TIME: Precision 1-Minute Opening Range Analysis METHODOLOGY OVERVIEW This indicator implements a proprietary time-based trading methodology that combines opening range analysis with precision timing algorithms designed exclusively for 1-minute charts during the New York trading session. CORE ALGORITHM COMPONENTS 1. Bond Opening Range (BOR) Identification - Captures the complete price range during 08:00-09:00 NY time - Establishes the foundational trading range for the session - Uses high-precision minute-level data to define exact boundaries 2. Critical Time Level Analysis (08:28 Candle) - Identifies the 08:28-08:29 minute candle as a key reference point - This specific timing represents a critical juncture before market open - Captures the exact high/low range of this precise minute 3. Directional Bias Determination (09:00 Analysis) - At exactly 09:00, compares current price position relative to 08:28 boundaries - Above 08:28 High: Activates support-seeking mode (bullish bias) - Below 08:28 Low: Activates resistance-seeking mode (bearish bias) - Inside 08:28 Range: No directional bias established 4. Dynamic Standard Deviation Projections - Uses the 08:28 candle range as the mathematical basis for standard deviation calculations - Support Mode: Projects levels below 08:28 low using range multipliers (-1σ, -2σ, -3σ, -4σ) - Resistance Mode: Projects levels above 08:28 high using range multipliers (+1σ, +2σ, +3σ, +4σ) - Levels are active only during 09:00-10:30 trading window UNIQUE FEATURES Conditional Logic Engine - Real-time directional switching based on 09:00 price position - No static levels - everything adapts to intraday price action - Eliminates noise by focusing on specific time windows Precision Timing Requirements - Requires exact 1-minute timeframe for accurate calculations - Time-sensitive algorithm that relies on minute-by-minute analysis - Optimized for high-frequency intraday trading decisions Mathematical Framework - Standard deviations calculated using actual candle range data - Dynamic level spacing based on market volatility (08:28 range) - Four-tier projection system for multiple target/stop levels TRADING APPLICATION Best Used For: - ES, NQ, YM and other liquid index futures - Active day trading during NY session (07:00-12:00) - Scalping and short-term reversal strategies - Intraday support/resistance identification Signal Interpretation: - Red lines represent potential reversal zones - Direction determined by 09:00 vs 08:28 relationship - Multiple standard deviation levels provide layered entry/exit points - Time-restricted plotting ensures relevance during active trading hours IMPORTANT REQUIREMENTS - ONLY works on 1-minute charts - precision timing is essential - Designed for New York trading session (futures markets) - Most effective during high-volume trading periods CUSTOMIZATION OPTIONS - Toggle BOR box visibility and transparency - Enable/disable 08:28 candle highlighting - Adjust visual elements (colors, transparency) - Show/hide range information labels
Pine Script® indicator
by The_PC_Trader
Pivot Tops & BottomsHow it works strategy() call replaces indicator() and enables backtesting. Longs are opened at each confirmed swing-low and closed at the next swing-high. Shorts can be turned on via the Enable Short Side toggle. Position sizing uses 10% of equity per trade by default—adjust in the default_qty_value input. Turn on Show Pivot Shapes to see where tops/bottoms land on your chart (shifted back by pivotLen). Use the built-in Strategy Tester tab to review performance, drawdowns, win rate, etc.
Pine Script® indicator
by SexyEarl
Scalping Candle [Crak x MMT]The Scalping Candle is a TradingView indicator designed for scalping strategies, identifying potential bullish and bearish engulfing patterns on price charts. It overlays directly on the chart and marks specific candle patterns with visual signals, helping traders spot short-term trading opportunities. The indicator includes a customizable bias filter to focus on bullish, bearish, or neutral market conditions. Features Overlay Indicator : Displays bullish and bearish signals directly on the price chart. Bias Filter : Allows users to select a market bias ('Bullish', 'Bearish', or 'Neutral') to filter signals based on their trading preference. Visual Signals : Plots green upward triangles below bullish candles and red downward triangles above bearish candles. Alerts : Generates alerts for bullish and bearish engulfing patterns, enabling timely notifications for trade setups. How It Works The indicator analyzes the relationship between the current and previous candles to detect engulfing patterns: Bullish Engulfing : Triggered when the current candle's low is at or below the previous candle's low, and its close is at or above the previous candle's midpoint. This signal is displayed only if the bias filter is set to 'Neutral' or 'Bullish'. Bearish Engulfing : Triggered when the current candle's high is at or above the previous candle's high, and its close is at or below the previous candle's midpoint. This signal is displayed only if the bias filter is set to 'Neutral' or 'Bearish'. The previous candle's midpoint is calculated as the average of its high and low prices. Usage - Add to Chart : Apply the indicator to any TradingView chart. - Configure Bias Filter : Neutral : Displays both bullish and bearish signals. Bullish : Displays only bullish signals. Bearish : Displays only bearish signals. - Interpret Signals : Green upward triangle below a candle indicates a potential bullish reversal. Red downward triangle above a candle indicates a potential bearish reversal. - Set Alerts : Use the built-in alert conditions to receive notifications when bullish or bearish engulfing patterns are detected. Settings Bias Filter : Choose between 'Neutral', 'Bullish', or 'Bearish' to control which signals are displayed. Shape Size : Signals are plotted as small triangles for minimal chart clutter. Alert Conditions : Enable alerts for 'Bullish Engulfing Detected' or 'Bearish Engulfing Detected' to stay informed of new signals. Ideal Use Case This indicator is tailored for scalpers and short-term traders looking to capitalize on quick price movements driven by engulfing candle patterns. It works best on 15-minute chart and can be combined with other technical tools for confirmation.
Pine Script® indicator
by isthattyler
MP AMS (100 bars)Indicator Name: ICT Nested Pivots: Advanced Structure with Color Control Description: This indicator identifies and labels nested pivot points across three levels of market structure: Short-Term Pivots (STH/STL) Intermediate-Term Pivots (ITH/ITL) Long-Term Pivots (LTH/LTL) It detects local highs and lows using a user-defined lookback period and categorizes them into short, intermediate, and long-term pivots based on their relative strength compared to surrounding pivots. Key Features: Multi-level pivot detection: Nested identification of short, intermediate, and long-term highs and lows. Customizable display: Toggle visibility of each pivot level independently for both highs and lows. Color control: Customize colors for high and low pivot labels and text for enhanced chart readability. Clear labeling: Each pivot is marked with intuitive labels ("STH", "ITH", "LTH" for highs and "STL", "ITL", "LTL" for lows) placed above or below bars accordingly. Safe plotting: Avoids errors by validating data and only plotting labels within the lookback range. This tool helps traders visually analyze market structure and identify key turning points at different time scales directly on their price charts.
Pine Script® indicator
by markoparkhomenko
Hourly Divider with Opening Price🕐 Hour Lines with Opening Price — Utility Indicator This lightweight TradingView script helps short-term option traders quickly visualize hourly structure and bias. What it does: Draws a vertical blue line at the start of each new hour Draws a horizontal yellow line from the opening price of the hour, extending until the next hour Purpose: This tool makes it easy to: Track hourly price context on lower timeframes like 1-minute See how far price moves relative to the hourly open Identify mean-reversion or breakout conditions around hourly transitions Best used on: 1-minute (1m) charts, where understanding the position of price relative to the hourly open can inform "Up or Down" binary trades.
Pine Script® indicator
by cryptocreate
Hybrid Cumulative DeltaWhat does this indicator show? This script displays two types of CVD (Cumulative Volume Delta): 1. Simple Cumulative Delta Volume: This is the basic method: pinescript Kopiraj Uredi deltaVolume = volume * (close > close ? 1 : close < close ? -1 : 0) ➡️ It increases cumulative volume if the candle closes higher, and decreases it if it closes lower. It's a simple assumption: If the candle is bullish → more buying. If bearish → more selling. Then it's accumulated with: pinescript Kopiraj Uredi cumulativeDeltaVolume = ta.cum(deltaVolume) It's plotted as candlesticks, rising or falling based on delta volume. 2. Monster Cumulative Delta (advanced method): Uses a more complex formula, taking into account: Candle range (high - low), Relationship between open, close, and wicks, Distribution of volume inside the candle. pinescript Kopiraj Uredi U1 = (close >= open ...) ? ... D1 = (close < open ...) ? ... Delta = close >= open ? U1 : -D1 cumDelta := nz(cumDelta ) + Delta ➡️ Purpose: to more realistically estimate aggressive buyers/sellers. This is a refined CVD, ideal for markets without real order book data (like forex). 📍 What does the indicator tell us? ➕ If cumulative delta is rising: Buyers are in control (more aggressive market buys). ➖ If cumulative delta is falling: Sellers dominate (more aggressive market sells). 📈 How to read it on the chart: You’ll see 2 candlestick plots: One for the simple delta (green/red delta volume candles), One for the monster delta, which is often smoother. 👉 The key is to watch for divergence between price and CVD: If price goes up but CVD goes down → buyers are weak = potential reversal. If price drops and CVD rises → selling pressure is weak = potential bounce. 🕐 Best timeframe (interval) for forex? Timeframe Purpose Recommendation 1m–15m Scalping / short-term flow ✅ Works well, but needs high-volume pairs (e.g., EUR/USD, GBP/USD) 1H–4H Swing trading / intraday ✅ Best balance – reveals smart money movements 1D Macro overview, long-term volume Usable, but less granular info 🔹 Recommendation for forex: 4H interval Enough volume data to detect shifts in real pressure. Less noise than lower timeframes. Great for spotting swing setups (e.g., divergences at support/resistance).
Pine Script® indicator
by Patrik_Firer
Previous Day LevelsPrevious Day Levels (PDH, PDL, PDC) This indicator automatically plots the key price levels from the previous trading day onto your chart: the High (PDH), Low (PDL), Close (PDC), and the Midpoint. These levels are essential for day traders who use them to identify potential areas of support and resistance, gauge market sentiment, and pinpoint key breakout or breakdown zones. Key Features: Smart Drawing: Lines for past days are neatly contained within their daily session, while the current day's lines extend in real-time for live analysis. Four Key Levels: Plots the Previous Day High, Low, Close, and Midpoint. Full Customization: Easily toggle the visibility of each line and customize its color, style (solid, dotted, dashed), and width to match your personal chart theme. This is a clean, lightweight, and fully adjustable tool for adding a classic day trading strategy to your analysis.
Pine Script® indicator
by navi_ti4winners
OA - RS HistogramOA - RS Histogram Indicator This indicator displays a histogram representation of Relative Strength (RS) analysis, helping traders visualize the momentum relationship between a security and a reference index. Key Features: RS Histogram: Shows the difference between the current RS ratio and its EMA smoothed line Customizable Reference Index: Default set to XU100, but can be changed to any index EMA Smoothing: Adjustable EMA period (default 21) for trend analysis Visual Clarity: Histogram bars are colored aqua for positive values and purple for negative values Zero Line Reference: Dotted gray line for easy identification of positive/negative zones How It Works: The indicator calculates the relative strength by comparing the normalized percentage changes of the current security against the selected reference index. A 5-period EMA is applied to the RS ratio, and then the difference between this smoothed RS line and a longer EMA (default 21 periods) is displayed as a histogram. Technical Calculation: Fetches reference index data with proper gap handling Calculates normalized percentage changes for both security and index Computes relative strength ratio Applies EMA smoothing to reduce noise Displays the difference as a histogram for clear momentum visualization Customization Options: Reference index selection (default: XU100) EMA length adjustment (default: 21 periods) Color customization for positive and negative histogram bars Alert Conditions: Histogram crossing above zero (potential bullish momentum shift) Histogram crossing below zero (potential bearish momentum shift) Usage: This tool helps traders understand relative strength concepts through visual histogram representation. The zero-line crossovers can indicate momentum shifts in the security relative to the chosen benchmark index.
Pine Script® indicator
by onurag
3
MTF Candles [Fadi x MMT]MTF Candles Overview The MTF Candles indicator is a powerful tool designed for traders who want to visualize higher timeframe (HTF) candles directly on their current chart. Built with flexibility and precision in mind, this Pine Script indicator displays up to six higher timeframe candles, complete with customizable styling, sweeps, midpoints, fair value gaps (FVGs), volume imbalances, and trace lines. It’s perfect for multi-timeframe analysis, helping traders identify key levels, market structure, and potential trading opportunities with ease. Key Features - Multi-Timeframe Candles : Display up to six higher timeframe candles (e.g., 5m, 15m, 30m, 4H, 1D, 1W) on your chart, with configurable timeframes and visibility. - Sweeps Detection : Identify liquidity sweeps (highs/lows) with customizable line styles, widths, and colors, plus optional alerts for confirmed bullish or bearish sweeps. - Midpoint Lines : Plot the midpoint (average of high and low) of the previous HTF candle, with customizable color, width, and style for enhanced market analysis. - Fair Value Gaps (FVGs) : Highlight gaps between non-adjacent candles, indicating potential areas of interest for price action. - Volume Imbalances : Detect and display volume imbalances between adjacent candles, aiding in spotting significant price levels. - Trace Lines : Connect HTF candle open, close, high, and low prices to their respective chart bars, with customizable styles and optional price labels. - Custom Daily Open Times : Support for custom daily candle open times (Midnight, 8:30, or 9:30) to align with specific market sessions. - Dynamic Labels : Show timeframe names, remaining time until the next HTF candle, and interval labels (e.g., day of the week for daily candles) with adjustable positions and sizes. - Highly Customizable : Fine-tune candle appearance, spacing, padding, and visual elements to suit your trading style. How It Works The indicator renders HTF candles as boxes (bodies) and lines (wicks) on the right side of the chart, with each timeframe offset for clarity. It dynamically updates candles in real-time, tracks their highs and lows, and displays sweeps and midpoints when conditions are met. FVGs and volume imbalances are calculated based on candle relationships, and trace lines link HTF candle levels to their originating bars on the chart. Sweep Logic - A bearish sweep occurs when the current candle’s high exceeds the previous candle’s high, but the close is below it. - A bullish sweep occurs when the current candle’s low falls below the previous candle’s low, but the close is above it. - Sweeps are visualized as horizontal lines and can trigger alerts when confirmed on the next candle. Midpoint Logic - A midpoint line is drawn at the average of the previous HTF candle’s high and low, extending until the next HTF candle forms. - Useful for identifying potential support/resistance or mean reversion levels. Imbalance Detection - FVGs : Identified when a candle’s low is above the next-but-one candle’s high (or vice versa), indicating a price gap. - Volume Imbalances : Detected between adjacent candles where the body of one candle doesn’t overlap with the next, signaling potential liquidity zones. Settings Timeframe Settings - HTF 1–6 : Enable/disable up to six higher timeframes (default: 5m, 15m, 30m, 4H, 1D, 1W) and set the maximum number of candles to display per timeframe (default: 4). - Limit to Next HTFs : Restrict the number of active timeframes (1–6). Styling - Body, Border, Wick Colors : Customize bull and bear candle colors (default: light gray for bulls, dark gray for bears). - Candle Width : Adjust the width of HTF candles (1–4). - Padding and Spacing : Set the offset from the current price action and spacing between candles and timeframes. Label Settings - HTF Label : Show/hide timeframe labels (e.g., "15m", "4H") at the top/bottom of candle sets. - Remaining Time : Display the countdown to the next HTF candle. Interval Value: Show day of the week for daily candles or time for intraday candles. - Label Position/Alignment : Choose to display labels at the top, bottom, or both, and align them with the highest/lowest candles or follow individual candle sets. Imbalance Settings - Fair Value Gap : Enable/disable FVGs with customizable color (default: semi-transparent gray). - Volume Imbalance : Enable/disable volume imbalances with customizable color (default: semi-transparent red). Trace Settings - Trace Lines : Enable/disable lines connecting HTF candle levels to their chart bars, with customizable colors, styles (solid, dashed, dotted), and sizes. - Price Labels : Show price levels for open, close, high, and low trace lines. - Anchor : Choose whether trace lines anchor to the first or last enabled timeframe. Sweep Settings - Show Sweeps : Enable/disable sweep detection and visualization. - Sweep Line : Customize color, width, and style (solid, dashed, dotted). - Sweep Alert : Enable alerts for confirmed sweeps. Midpoint Settings - Show Midpoint : Enable/disable midpoint lines. - Midpoint Line : Customize color (default: orange), width, and style (solid, dashed, dotted). Custom Daily Open Custom Daily Candle Open : Choose between Midnight, 8:30, or 9:30 (America/New_York) for daily candle opens. Usage - Add the indicator to your TradingView chart. - Configure the desired higher timeframes (HTF 1–6) and enable/disable features via the settings panel. - Adjust styling, labels, and spacing to match your chart preferences. Use sweeps, midpoints, FVGs, and volume imbalances to identify key levels for trading decisions. - Enable sweep alerts to receive notifications for confirmed liquidity sweeps. Notes Performance: The indicator is optimized for up to 500 boxes, lines, and labels, with a maximum of 5000 bars back. Can be slow at a time Time Zone: Custom daily opens use the America/New_York time zone for consistency with major financial markets. Compatibility: Ensure selected HTFs are valid (higher than the chart’s timeframe and divisible by it for intraday periods).
Pine Script® indicator
by isthattyler
28
Chaikin Oscillator Enhanced📊 What Is the Chaikin Oscillator? The Chaikin Oscillator is a momentum indicator that helps traders understand the strength of buying and selling pressure in the market, based on volume and price movement. It is calculated as the difference between two moving averages (short-term and long-term) of the Accumulation/Distribution Line (A/D Line). This line combines price and volume to show whether money is flowing into or out of an asset. ________________________________________ 🧠 Simple Concept • When big traders are buying, they usually do so with volume support—the Chaikin Oscillator picks this up. • When volume is rising but price is falling, or vice versa, it shows hidden strength or weakness. So, this indicator helps you see what the smart money is doing, even if the price isn’t moving much. ________________________________________ 🛠️ How It Works • Oscillator Value Above Zero → More buying pressure (bullish). • Oscillator Value Below Zero → More selling pressure (bearish). • Crossing above zero → A potential buy signal. • Crossing below zero → A potential sell signal. The histogram (vertical bars) in the indicator changes color: • Green bars = Positive momentum. • Red bars = Negative momentum. ________________________________________ 🎯 How Traders Use It for Entry and Exit ✅ For Entries: • Buy Entry: When the oscillator crosses above the zero line and the bars turn green, it means buyers are stepping in with volume. • For better confirmation, combine it with price breaking above a resistance level. ❌ For Exits or Shorts: • Sell Exit or Short Entry: When the oscillator crosses below the zero line and bars turn red, it suggests selling pressure is growing. • If the price is also below support, it’s a stronger signal. ________________________________________ 🔍 Example Use Case: 1. You’re watching a stock or crypto that's been going sideways. 2. Suddenly, the Chaikin Oscillator crosses above zero, and green bars appear. 3. That’s your early clue that big buyers might be entering. 4. If price confirms this with a breakout, you can enter a long position. ________________________________________ 🌐 Where Is It Useful? The Chaikin Oscillator is great for: • Stocks (especially volume-heavy large caps) • ETFs • Cryptocurrency (on exchanges that provide volume data) • Forex – less reliable unless volume is proxy-based ⚠️ Important: It won’t work well on instruments where volume data is missing or unreliable (like some CFDs or synthetic assets). ________________________________________ 🧭 Pro Tips for Using It: • Combine it with support/resistance, moving averages, or candlestick patterns. • Avoid trading only based on this indicator—use it as confirmation. • Use the alerts (added in the script) so you don’t miss key movements. ________________________________________
Pine Script® indicator
by SupertradeOfficial
DIVAP RSI by:TMThe DIVAP RSI by:TM is a precision-focused RSI-based indicator designed to identify high-confidence entry and exit points. It uses a faster RSI (length 7) combined with extended levels (20 and 80) to capture momentum reversals at extreme zones. ✅ Green arrows signal entries when RSI crosses above 20 (exit from oversold) ✅ Red arrows signal exits when RSI crosses below 80 (exit from overbought) This minimalist tool is ideal for traders who prefer clean chart setups with clear, timely alerts. 🔧 This is a test version and is actively being improved. Feedback is welcome!
Pine Script® indicator
by tomatheus