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Absolute Reversal Bubble https://www.tradingview.com/script/7svPKdKf-Absolute-Reversal-Bubbles-Open-Source/ Attention – This script can repaint. There is no way to avoid it. Absolute Reversal Bubbles (Open-Source) Indicator Overview The “Absolute Reversal Bubbles (Open-Source)” is a sophisticated trading indicator designed to be overlaid directly on the price chart for effective trend analysis and trading signal identification. This indicator is especially useful for traders who rely on technical analysis to make informed trading decisions. Here’s a comprehensive summary of its features and functionalities: Core Components Exponential Moving Averages (EMAs): Utilizes three EMAs with lengths of 9, 14, and 21, known as Superfast, Fast, and Slow, respectively. These averages are pivotal in determining the market trend and potential reversal points. Trend Identification: Tracks the state of the price trend, categorizing it as either an uptrend or a downtrend based on the EMAs’ positioning. Signal Generation Buy Signals: Generated when the Superfast EMA is above the Fast EMA, the Fast EMA is above the Slow EMA, and the lowest price of the previous bar is above the Superfast EMA. Sell Signals: Occur when the Superfast EMA is below the Fast EMA, the Fast EMA is below the Slow EMA, and the highest price of the previous bar is below the Superfast EMA. Momentum Tracking Calculates and tracks bullish and bearish momentum, providing insights into market strength and potential changes in direction. Reversal Detection Employs a ZigZag indicator to identify price reversals, crucial for spotting trend reversals early. Users can set the parameters for reversals based on either a percentage or an absolute amount. Incorporates the Average True Range (ATR) to determine the reversal amount, adding an extra layer of volatility assessment. Visualization and User Interface Color-Coded Bars: Green Bars: Indicate Buy Signal Bars, suggesting bullish momentum. Purple Bars: Represent Neutral states, where neither bullish nor bearish momentum is dominant. Red Bars: Signify Sell Signal Bars, indicating bearish momentum. Bubbles and Labels: Options to display informative bubbles and labels on the chart, providing details like price changes, price levels, and bar counts associated with trend changes. These visual aids help in quickly identifying and understanding market movements. Customization The indicator offers several user inputs, allowing traders to customize aspects like the averaging method, reversal parameters, and display options to suit their individual trading style and preferences. Application This indicator is well-suited for traders who focus on trend-following strategies and are keen on identifying potential buy and sell opportunities based on trend reversals. It’s a valuable tool for making more informed trading decisions by combining moving averages, price action, and volatility measures. In summary, the “Absolute Reversal Bubbles (Open-Source)” indicator is a comprehensive tool for traders looking to capitalize on market trends and reversals. Its combination of EMAs, ZigZag reversal detection, and ATR-based analysis, along with its intuitive color-coding and display features, make it a robust addition to a trader’s technical analysis toolkit. VPA Reversal Candle Anomaly Detector w/Volume Colored Candles Reversal Candle Anomaly Detector with Volume-Colored Candles (VPA Analysis) This script is rooted in the principles of Volume Price Analysis (VPA), as illustrated by Anna Couling in “A Complete Guide To Volume Price Analysis” and Thor Young in “A Complete Day Trading System”. It aims to spotlight candlestick formations and volume irregularities, which frequently signal potential market reversals or the directional intent of market makers. Features: Volume-Based Candle Coloring: High Volume Candles: Bright green (for up candles) and bright red (for down candles), marking robust market participation. Low Volume Candles: Darker shades of green and red, indicative of subdued trading activity. Average Volume Candles: Standard green and red colors. Anomaly Detection: Short Anomalies: Short candles or candle bodies with unusually high volume, displayed in cyan (up candles) and magenta (down candles), hinting at potential market anomalies. Tall Anomalies: Tall candles or candle bodies with low volume, shown in very light green and red colors, nearly white, suggesting another type of market anomaly. Customization Options: RSI Filter: An RSI (Relative Strength Index) option is available to minimize noise in short anomaly candles. Adjustable Anomaly Criteria: Users can define what constitutes ‘tall’ or ‘short’ candles based on a percentage comparison to an average candle size. Average Calculation: The script calculates the average size and volume of candles over a user-defined period for baseline anomaly detection. Toggle for Anomaly Numbering: An option to enable or disable numbering of candle anomalies, which aids in filtering for algorithmic trading strategies. Trading Insights and Tips: Magenta/Cyan Anomaly Candles: Approach these ‘magic candles’ with caution, particularly when a price reversal follows in the next candle. They often exhibit a retest pattern across multiple timeframes. Support and Resistance: Isolated anomalies often correlate with key support or resistance levels, whether daily, intraday, or historical. Recognizing these levels is essential for market prediction. Interpreting ‘Magic Candles’: These candles may reflect large traders taking profits, causing price stagnation and potential reversals due to the triggered chain reaction among traders. Market Makers’ Tactics: Tall, low-volume candles could signify market makers’ efforts to rapidly alter price directions, sometimes as deceptive strategies to initiate market orders. Significant Market Reversals: Patterns such as UTDAD (Up Thrust After Distribution) or Wyckoff Spring, characterized by tall, similar-height, often wickless candles, can indicate major market reversals, especially when they occur after extended price moves or at critical levels. This Pine Script tool is invaluable for traders leveraging VPA. It offers visual indicators and insights into market psychology and potential price movements. By analyzing volume and candlestick patterns, traders can better understand market dynamics and enhance their trading decisions. Another Momentum Squeeze Indicator (Mobius Based Open-Source) The “Another Momentum Squeeze Indicator (Open-Source)” is a comprehensive TradingView script designed for market analysis, combining momentum and volatility measurements. It consists of two main components: Momentum Oscillator: This part calculates the normalized rate of price change, plotting it as a histogram. The oscillator indicates bullish momentum when values are positive and increasing, and bearish momentum when they are negative and decreasing. The color coding of the histogram aids in interpretation:Green: Bullish momentum with increasing positive values.Blue: Positive momentum slowing down, indicating a potential reduction in bullish trend strength.Red: Bearish momentum, with current values being lower and negative.Squeeze Indicator: This component focuses on market volatility. A ‘squeeze’ occurs during low volatility periods, often indicated by Bollinger Bands narrowing within Keltner Channels. The squeeze, marked in yellow, signals potential breakout points.The indicator calculates these components as follows: Momentum Oscillator Calculation: It first computes the mean and standard deviation of closing prices over a certain number of periods. A momentum value is then derived for each period, normalized, and smoothed to form the momentum oscillator histogram. Squeeze Detection: The script calculates the width of a volatility band for each period and identifies a ‘squeeze’ when this width is comparatively low, signaling a period of consolidation. The visual elements of the indicator include: Momentum Histogram: A color-coded histogram representing the direction and strength of market momentum.Squeeze Indicator Points: Plotted points indicating potential increases in market volatility.Traders use this indicator to: Identify potential breakout points from low volatility periods.Gauge the strength and direction of current trends.Anticipate significant price movements. Note – Watch for triple tops and triple bottoms. Next Candle Prediction (HA)https://www.tradingview.com/script/6aEq6rYO-Next-Candle-Prediction-HA/ This Pine Script indicator is designed to perform the following tasks: Buy/Sell Ratio (BSR) Calculation: It calculates the buying and selling ratio as a percentage based on volume and price levels of the current candle. The buying ratio is the percentage of the candle’s volume attributed to buying, and the selling ratio is the percentage of the candle’s volume attributed to selling. Overbought and Oversold Levels: It plots horizontal lines on the chart to indicate overbought (green) and oversold (red) levels. These levels are set at 90% for overbought and 10% for oversold. Label Display: It displays a label on the chart for the current candle, showing the buying and selling percentages. You can choose to display labels for past candles as well, controlled by the showPastLabels input. Heikin Ashi Candle Calculation: It calculates Heikin Ashi candles, which are derived from the open, high, low, and close prices. These Heikin Ashi candles are used to predict the open and close prices of the next candle. Next Candle Prediction: It predicts the open and close prices of the next candle based on Heikin Ashi calculations. It also determines the direction of the predicted candle (Up or Down) and assigns a color accordingly. Display Predicted Candle Information: If the showCurrentLabel option is enabled, it displays a label for the predicted open price and direction of the next candle. This label is positioned above the current bar or past bars, depending on the settings. Display Predicted Candle Size: It can also plot the size of the predicted next candle as a vertical line on the chart. You can control the width of this line using the candleWidth input. The color of the line corresponds to the predicted direction of the candle. Buying Selling Ratio with Label https://www.tradingview.com/script/aQxH0kWW-Buying-Selling-Ratio-with-Label/ The “Buying Selling Ratio with Label” indicator calculates and displays the buying and selling ratio based on volume and price movements. Here’s a description of its functionality: The indicator calculates the buying and selling volumes using the formula: Buying = Volume * ((Close – Low) / (High – Low))Selling = Volume * ((High – Close) / (High – Low))This calculation determines the volume distribution between buying and selling pressure within each bar. The indicator then calculates the Buying Selling Ratio (BSR) as a percentage using the formula: BSR = (Buying / (Buying + Selling)) * 100The BSR value represents the proportion of buying volume relative to the total buying and selling volume. The BSR is plotted on the chart as a line, with colors indicating different market conditions: If the BSR is above the overbought level (defined as 90 in this example), the line is displayed in red.If the BSR is below the oversold level (defined as 10 in this example), the line is displayed in green.Otherwise, the line is displayed in blue.Additionally, the indicator includes labels above each bar to show the buying and selling percentages for that specific bar. The labels display the text “Buy: X%, Sell: Y%”, where X represents the percentage of buying volume and Y represents the percentage of selling volume for the given bar. By enabling the “Show Past Labels” option, the indicator displays labels for previous bars. Otherwise, it only displays the label for the latest bar. Overall, the indicator provides insights into buying and selling pressures and their relative strengths based on volume analysis. Sorry this is a repost, so I added 2 more sources. Admin deleted old one for having something I shouldn’t have had in the post. submitted by /u/Local_Dinner_9860 to r/pinescript |