Full List of Indicators and Features

Explore all the powerful tools and functionalities we offer to enhance your trading experience.

Free Indicators

Expansion Contraction Indicator
Expansion Contraction Indicator

Expansion Contraction measures the speed at which price moves through two moving averages, a 10 period SMA of the high and an 8 period SMA of the low (Moving Average Channel). When the Positive (green) line crosses above the zero line and the cloud is green, we are in a strong uptrend and a buy signal can be taken. When the Negative (red) line crosses above the zero line and the cloud is red, we are in a strong downtrend and a sell signal can be taken.

Standard deviation (gray) lines are added to measure the strength of the trend and support and resistance areas. When the short lines go above 1 or 2 standard deviations, it may indicate price may have gotten very high or very low too quickly in the short term. When the cloud goes above 2 standard deviations, it may indicate the overall trend may be getting ready for a reversal.

Williams Acc/Dist
Williams Acc/Dist

This indicator uses Larry Williams' accumulation and distribution formula, which does not take volume into consideration. It further adds a 57-period Simple Moving Average of accumulation and distribution to identify the longer-term trend. This setting is typical for Jake Bernstein to use in order to confirm the trend with other indicators.

This indicator is not meant to be used alone. Typically, if you have two consecutive readings of WillAD above its 57-period moving average, we're in an uptrend and bullish triggers can be taken. Conversely, if we have two consecutive readings of WillAD below its 57-period moving average, we're in a downtrend and bearish triggers can be taken. Triggers may be from other indicators that give you signals in the direction of the WillAD trend.

Williams Acc/Dist
Benner Cycle

The Benner Cycle was created by Samuel Benner, a successful farmer from Ohio who had an unfortunate turn of events in the market panic of 1873. Thereafter, he set out to find cycles in the markets and published his book in 1884, "Benner's Prophecies of Ups and Downs in Prices".

Samuel Benner points out three areas in his chart:

A. Panic Years - Years in which panics have occurred and will occur again.
B. Good Times - Years of Good Times, High Prices and the time to sell Stocks and values of all kinds.
C. Hard Times - Years of Hard Times, Low Prices, and a good time to buy Stocks, "Corner Lots", Goods, etc., and hold till the "Boom" reaches the years of good times; then unload.

I've recreated the cycle formula here. It is best suited for weekly, monthly or 12 month charts on the $SPX, or other symbols that have very long history of price data. My recommendation is to set your chart on the 12-Month timeframe of the $SPX to more clearly see both the past and future cycles.

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Seasonality
Seasonality

This seasonality is a must-have! It identifies periods that repeat yearly 80% of the time or more in the last 20 years. If the period is bullish at least 80% of the time every year, the section of the seasonality plot will be colored green. If the period is bearish at least 80% of the time every year, the section of the seasonality plot will be colored red. Length of seasonality can be adjusted, as well as the win rate, minimum number of years to use, etc. Furthermore, a popover appears when you hover over the dot on the colored section of the plot to give more statistical details.

Backwardation
Backwardation

Backwardation (also known as premium) is most useful in commodities, but can work in other asset types as well. A period of backwardation occurs when the more recent contract is trading for more than the furthest contract. This can indicate an increase in demand for the commodity and cause prices to rise. As such, only bullish signals can be identified from this phenomena.

COT Report
COT Report

Plots COT report data as a histogram and provides a practical selection of the different sections of the COT report, separated by Legacy, Disaggregated and Financial. COT report information is provided weekly, not daily. Histogram can be color-coded to indicate that positions are increasing or decreasing.

RVOL Indicator
RVOL Indicator

RVOL (Relative Volume) is correctly measured by comparing the current volume to the average volume at the same time in previous days. This detail is usually overlooked in most other RVOL calculations that compare current volume with the average daily volume of the previous days, ignoring the time component.

This indicator gives you the option to compare either volume or cumulative volume at the same time in previous days. The lookback days is adjustable and so are the thresholds to color RVOL that is above average.

A few limitations:
This formula is considered complex by TradingView and may timeout if it runs for too long. To fix this, consider one of the following options: a) shorten the number of `Calculated bars` in the settings b) shorten the lookback days, or c) switch the chart to a higher intraday timeframe.
The volume presented by TradingView may not correspond to the volume in other exchanges. Some exchanges retroactively adjust the volume to better reflect the total volume for that day. As such, the RVOL value may not be accurate. To ensure an accurate reading of RVOL, it's best to have TradingView connected to your broker with live data. Alternatively, a data plan through TradingView may be considered.

$ADD Indicator
$ADD Indicator

In index investment, the USI:ADD is the Advance Decline Index that can be plotted in most charting platforms. Just like there is a volatility index for most major indeces (VIX, VOLQ) and even for Apple (CBOE:VXAPL), USI:ADD also has variations specific for the index you are analyzing (SPX: ADD, NASDAQ: ADDQ).

The USI:ADD index is a measurement of stocks in the index that are advancing (bullish) minus those that are declining (bearish).

The basic idea of how to use the ADD index is that when the value is above 1000 it is considered overbought. Conversely, when the value is below -1000 it is considered oversold. When the value is near the medium line, it is not a good idea to trade as it is considered to be in a choppy market.

$TICK Indicator
$TICK Indicator

Similar to the $ADD index, the NYSE TICK index measures the number of stocks with positive ticks versus negative ticks. Levels such as +/- 1000 or +/- 2000 can be considered as areas of overbought and oversold.

$VOLD Indicator
$VOLD Indicator

Similar to the $TICK and $ADD, the VOLD index shows the volume of the advancing stocks versus the volume of the declining stocks. Ideally, we want to see the ratio of VOLD being higher than usual.

$VIX Indicator
$VIX Indicator

This script attempts to automatically identify the correct VIX index for the underlying symbol. If one is not found, it will default to VIX. It also has a mode for comparing the VIX against the CBOE 3-Month Volatility Index as a ratio. In ratio mode, you can identify periods when trader sentiment has turned extremely bearish. This can be identified when the ratio is above 1, which happens when the VIX futures contracts enter a period of backwardation.

$TRIN Indicator
$TRIN Indicator

The TRIN measures the relationship between market supply and demand. It does this by comparing the number of advancing and declining stocks ($ADD) against advancing and declining volume ($VOLD). A TRIN reading below 1 should indicate a strong price advance is forthcoming. A TRIN reading above 1 should indicate a strong price decline is forthcoming. A value above 3 indicates an oversold market, but a reading below 0.5 indicates an overbought market.

Volatility Cycle
Volatility Cycle

Volatility Cycle measures the strength or weakness of the trend, not the direction of the trend. When the indicator value goes below 2 or 1.5 factors, price is considered to be in compression. Conversely, if the indicator value goes above 5 or 6 factors, then price is considered to be in expansion mode.

Volume Threshold
Volume Threshold

Upgrade your volume bars and spot volume that really matters. This study identifies volume in conjunction with price action to highlight bullish or bearish volume, churn bars, above or below average volume, and more!

Offense / Defense Line
Offense / Defense Line

A comparative view between offensive ETF sectors versus defensive sectors. The "OD Line" does not adjust according to the underlying symbol, but it does adjust according to the chart timeframe. It acts as a fear or greed gauge as market participants tend to flock to defensive stocks during times of market or economic uncertainty. If the market is bullish, the OD Line will be declining. If the market is bearish, the OD Line will be rising.

Keltner Clouds
Keltner Clouds

A multi-talented indicator that was carefully crafted to avoid cluttering your charts. Keltner Clouds draw up to 3 bands of the Keltner Channel, but uses light hues of color instead of lines to plot the bands. Each cloud band has customizable ATR factors. And that's not all; it also has a custom mid-line mode bringing even more information to your charts! The mid-line mode allows you to pick one of various additional studies to color-code the middle line of the Kelter Clouds. It's not just a Moving Average line anymore. It's fitted with multiple indicators that allow you to see strength of trend, choppiness, trend direction, and more.

Disclaimer: The information provided is for educational purposes only and should not be considered as financial advice. Always consult with a professional before making financial decisions.

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