Market Pressure Scale plots two oscillator curves in a separate pane. Setup pressure combines ATR and Bollinger compression, support and resistance proximity, and drying volume. Impulse pressure combines range expansion, volume, and candle body size. A range-c
Indicator · Pine Script v4 · Own pane
CBOE PCR Factor Dependent Variable Odd Generator
This indicator generates normalized probability factors for bull, bear and stagnant market states by combining CBOE Put-Call Ratio data with Money Flow Index.
GitHub stars1on the repository
Pine versionv4older, still runs
Lines of code131
Settings1inputs
LicenceNone stated
Last update2 years ago2 Mar 2024
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
CBOE PCR Factor Dependent Variable Odd Generator applies an odd generator to distribute the probabilities across the three states and plots the resulting factors in a separate pane. The only input setting is the MFI period. The script pulls external weekly PCR data via security call and calculates the factors on close prices.
- CBOE PCR Factor
- Odd Generator
- Bull Bear Stagnant
- Money Flow Index
- Probability Cluster
Details
Published by
amico1234 on GitHub
Code credit
user-Noldo, as written in the script's header
Type
Indicator, Pine Script v4
Draws
Separate pane below the chart
Category
Oscillators & momentum, Volume, Support & resistance
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
File
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Period | int | 5 | t_mfi |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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