Indicators

Technical indicators I’ve published for the TradingView platform.

Marked Highs/Lows — Support & Resistance

This indicator mimics the functionality of marked highs/lows in MarketSmith, a charting tool available from Investor’s Business Daily. Marked highs/lows, sometimes referred to as pivot highs/lows, can be used to locate areas of support and resistance . These same points can also be helpful when drawing trendlines and channels.

I’ve added several customization options that add to the flexibility and overall usefulness of this technical indicator.

  • Custom Ranges for Marked Highs/Lows

In MarketSmith, a marked high is the highest high going back nine bars and forward nine bars. The number of required bars with lower highs on each side of the high is referred to as the period. The default for the indicator is a nine bar period, however, you can configure the period to fit with your trading style.

  • View Marked Highs/Lows on Any Timeframe

MarketSmith only supports marked highs/lows on daily charts . With this indicator you can view marked highs/lows on any timeframe.

Install the latest release of Marked Highs/Lows – Support & Resistance

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Relative Volume Pro – Realtime Volume Flow

Relative volume compares the volume at a specific time in the trading day versus the prior volume at the same time of day over a specified range. This is an ideal way to gauge if there is significant volume driving a price move, either up or down.

What’s Unique About this Relative Volume Indicator?

Many relative volume indicators simply divide the current volume by the average volume . Unfortunately, this calculation is not an accurate gauge of volume at a specific point in time and it will not account for typical spikes in volume that occur early and late in the day.

This indicator calculates relative volume on an intraday chart, looking at the volume for each bar in the current timeframe, over a range of days that is configured in Settings. For example, if the preferred lookback is set to 50 and you are on a 5-minute chart at 1:00pm, the indicator will determine the average of cumulative volume traded up to 1:00pm on each 5-minute bar, over the past 50 days. The result is an accurate representation of the “true” volume for a specific time in the day.

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Darvas Box Theory – Tracking Uptrends

The Darvas box theory is based on the work of Nicolas Darvas, author of the book How I Made $2 Million in the Stock Market. This indicator uses his box theory to help visualize upward trends and find potential opportunities to buy or add to a position.

Darvas was a growth stock trader. After extensive study of historical stock movements, Darvas noted stocks “have a defined upward or downward trend which, once established, tended to continue. Within this trend stocks moved in a series of frames, or what I began to call boxes.

TradingView is my preferred tool for charting and technical analysis.
Check out the free trial!

Install the latest release of Darvas Box Theory – Tracking Uptrends indicator.

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Ants Indicator – Momentum, Volume and Price (MVP)

The Ants indicator for TradingView is based on the research of David Ryan, three-time winner of the U.S. Investing Championship. David came up with the idea for the indicator while managing the New USA Growth Fund at William O’Neil + Company. David was interested to understand what drove some stocks higher once they were extended from their most recent base, while others had only moderate moves up.

What David found during his research was that stocks making the biggest moves often had consistent buying on volume over a period of 12 to 15 trading days. Stocks with these characteristics may be under institutional accumulation, where it may take days to weeks to fill a position.

Free Trial: If you haven’t tried the TradingView charting app, you owe it to yourself to give their free trial a spin. You won’t regret it!

Here’s where you can find the latest release of Ants — Momentum, Volume and Price (MVP)

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Moving Averages for All Timeframes From within One Indicator

Manage moving averages, for all timeframes, from within one indicator.

Features:
■ Intraday – Up to 3 moving averages
■ Daily – Up to 4 moving averages
■ Weekly – Up to 2 moving averages
■ Monthly – Up to 2 moving averages
■ Choose between simple, exponential or volume weighted moving averages (SMA, EMA or VWMA)

Free Trial: If you haven’t tried the TradingView charting app, you owe it to yourself to give their free trial a spin. You won’t regret it!

Here’s where you can find the latest release of the Moving Averages for All Timeframes.

Volume Positive Negative (VPN) Indicator

The idea and calculations for the Volume Positive Negative (VPN) indicator were created by Markos Katsanos. Markos wrote about the indicator in the article Detecting High-Volume Breakouts, published in Technical Analysis of Stocks & Commodities April, 2021 (Vol. 39, Issue 5).

The goal of the VPN indicator is to detect breakouts using only volume. The basic idea is to compare volume on up days versus volume on down days. The oscillator can move between the range of -100 and 100. Values between 0 and 20 are generally considered bullish, negative are bearish.

When the plotted VPN crosses over what Markos refers to as the critical value, that may indicate a high volume breakout. The critical value can be adjusted between 0 to 20, 10 is the default,

Free Trial: If you haven’t tried the TradingView charting app, you owe it to yourself to give their free trial a spin. You won’t regret it!

Here’s where you can find the latest release of the Volume Positive Negative (VPN) indicator.

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Volume Indicator with Customizable Moving Averages

This TradingView indicator displays volume based on the current timeframe. For example, on a daily chart the volume represents the volume for the day. On a weekly chart, the volume is cumulative for the week.

There is also an option to configure the volume moving average lengths. The default for a daily chart is to calculate the 50-day moving average. On a weekly chart, the default is the 10-week moving average.

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Price Stats Indicator Similar to MarketSmith

The “Track Price” information available in MarketSmith (aka the yellow box) is quite helpful to get specifics on price and volume action. I wrote a similar indicator for TradingView that you can use to keep tabs on the same information.

Here’s how the track price information is shown on MarketSmith:

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