Envious_

Market Info Bar Charts - Was Bored

Simple script in a form of a bar chart showing you some market information ;)
Release Notes: Added Information:

Volatility is calculated using the relative volatility index

Market Control is calculated using exponential moving averages and the percent of the strength is based on how many bars the market goes on in that trend.

Market Strength is calculated with RSI and will change colour if it is overbought (red) or oversold (green)

Money Index is calculated with Money Flow Index

Rate of Change is calculated with ROC but it cannot go to a negative number and the max it can go up to is a 100%.

You can change anything in this market info bar chart indicator if you need :)
Release Notes: Changed the font-size so that it suits the bar charts on different time-frames (still isn't fully accurate due to the limitation of font-sizes on pinescript)
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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Comments

Maybe BORED... But SUPER INFORMATIVE. I like it!
200 coins
+1 Reply
Envious_ dwjamoney
@dwjamoney, appreciate that a lot of thank you so much for the donation and the lovely comment :)
Reply
Amazing script. One can get every needed information on a single screen. But, one problem is there. whenever I am trying it for a smaller TF, say 15 min, 30 min. the labels and the bars are not properly aligned. Hope you too have noticed that. Hoping for a quick fix in this regard. Thank you in anticipation. Thank you once again for helping the community
+2 Reply
Envious_ subhdash1984
@subhdash1984, thank you for the comment :), I’ll have a play around with the script and see if I can fix the positioning of the elements. Thank you for identifying this issue.
Reply
Do you mind defining what you consider market strength, volatility, rate of change, ect and how you calculated them?
+1 Reply
Envious_ mrtrendmaker
@mrtrendmaker, sure I'll have it updated in a couple of minutes
+1 Reply
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