We Are Witnessing A Historical Event With A Clear Outcome!!!"Full Disclosure: I came across this information from www.SentimenTrader.com
I have no financial affiliation…They provide incredible statistical facts on
The General Market, Currencies, and Futures. They offer a two week free trial.
I Highly Recommend.
The S&P 500 has gone 43 trading days without a 1% daily move, up or down.
which is the equivalent of two months and one day in trading days.
During this stretch, the S&P has gained more than 4%,
and it has notched a 52-week high recently as well.
Since 1952, there were nine other precedents. All of
these went 42 trading days without a 1% move, all of
them saw the S&P gain at least 4% during their streaks,
and all of them saw the S&P close at a 52-week highs.
***There was consistent weakness a week later, with only three
gainers, and all below +0.5%.
***After that, stocks did better, often continuing an Extraordinary move higher.
Charts can sometimes give us a better nuance than
numbers from a table, and from the charts we can see a
general pattern -
***if stocks held up well in the following
weeks, then they tended to do extremely well in the
months ahead.
***If stocks started to stumble after this two-
month period of calm, however, then the following months
tended to show a lot more volatility.
We already know we're seeing an exceptional market
environment at the moment, going against a large number
of precedents that argued for weakness here, instead of
the rally we've seen. If we continue to head higher in
spite of everything, these precedents would suggest that
we're in the midst of something that could be TRULY EXTRAORDINARY. Indicator
CM_Pivot Points_CustomCustom Pivots Indicator - Plots Yearly, Quarterly, Monthly, Weekly, and Daily Levels.
I created this indicator because when you have multiple Pivots on one chart (For Example The Monthly, Weekly, And Daily Pivots), the only way to know exactly what pivot level your looking at is to color ALL S1 Pivots the same color, but create the plot types to look different. For example S1 = Bright Green with Daily being small circles, weekly being bigger circles, and monthly being even bigger crosses for example. This allows you to visually know exactly what pivot levels your looking at…Instantly without thinking. This indicator allows you to Choose any clor you want for any Pivot Level, and Choose The Plot Type. Indicator
Code Plots - High, Low, Open, Close—Daily, Weekly, & Monthly!!!Custom Code Plots High, Low, Open, Close
Plots Today And/Or Previous Day
Daily, Weekly, & Monthly TimeFrames
Default Settings:
Green = High
Silver = Open
Fuchsia = Close
Red = Low
Current D-W-M = Circles as Plots
Previous D-W-M = Cross as Plots
By Default The Current Days High, Low, Open, Close Plots. There are Check boxes On The Inputs Tab To Turn All Options On And Off.
***Tip - For Intra-Day Trades…I Find It Useful To Plot Previous Days High, Low, Open, Close For Support/Resistance, & Breakout Levels. Plotting the Current Weekly and Monthly Levels Is Also Very Useful.
***If You Trade Daily Charts The Previous Months Levels Are Very Useful as Support/Resistance, & Breakout Levels….
Code For High, Low, Open, Close
pastebin.com
Video On Importing Custom Indicators from PasteBin:
videos.pulsewire.com Indicator
Indicators: Better Volume Indicator & InstrumentVolumeBetter Volume Indicator
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This is a direct port of a famous indicator from Tradestation platform.
BVI improves on your typical volume histogram by coloring the bars based on 5 criteria:
* Volume Climax Up – high volume, high range, up bars (red)
* Volume Climax Down – high volume, high range, down bars (white)
* High Volume Churn – high volume, low range bars (green, barcolor= blue)
* Low Volume – low volume bars (yellow)
* Volume Climax plus High Volume Churn – both the above conditions (magenta)
When there are no volume signals the default histogram bar coloring is cyan.
Bars can also be colored to match volume color. Enable "Change BarColors?" in the options page.
Volume Climax Up bars are typically seen at:
* The start of up trends
* The end of up trends, and
* Pullbacks during down trends.
Volume Climax Down bars are typically seen at:
* The start of down trends
* The end of down trends, and
* Pullbacks during up trends.
High Volume Churn bars are typically seen at:
* The end of up trends
* The end of down trends, and
* Profit taking mid-trend.
Low Volume bars are typically seen at:
* The end of up trends
* The end of down trends, and
* Pullbacks mid-trend.
More info:
emini-watch.com
Instrument Volume
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This is a simple script that allows you to plot volume for any instrument.
Very handy when you want to compare volumes. Just add multiple instances and select the symbol you want via Options page.
This script also gets close/open for the selected symbol. If you are itching to get started on Pinescripting (scripting language used at TV), I suggest trying out the following, using this script as the template:
- Show RSI for any instrument
(hint: "close" for the selected symbol is already in script. Do a "plot(rsi(c, 14))")
- MACD / CCI / ....
- Plot the difference (not correlation). This may be of interest in some instruments.
For ex. BTC in BTCE exchange mostly lags BITSTAMP.
Hope this piques your interest in Pine. Feel free to post in the Pinescript room if you have any queries. Indicator
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