Azimuth Ring
🧭 Azimuth Ring – Daily Open
INSPIRATION
This indicator was inspired by the azimuth idea of Ibn Sina (Avicenna), the 11th-century polymath who designed an astronomical instrument to measure azimuth and altitude with great precision. I took the core concept, reading a position as an angle around a circle, and adapted it to price action. It is a personal adaptation for market analysis, not a historical reconstruction.
WHAT IF PRICE HAD A COMPASS?
Most indicators tell you where price is. Azimuth Ring shows where price is in its cycle around the daily open, as an angle on a clock face.
HOW IT WORKS
The zero point is the daily open (default: 03:00 Istanbul = 00:00 UTC, the standard crypto daily open). Each bar gets two coordinates:
• x (position): (price − daily open) / previous day's ATR
• y (momentum): smoothed rate of change of price, in daily-ATR units
Both are normalized with a rolling standard deviation so they are comparable.
Azimuth is the angle of the point (x, y) measured clockwise from the y axis, like a compass: 0°–360°. Radius is the distance from the center and shows the strength of the move.
ZONES (clock positions)
• 0°–90° (12→3): above the open, bullish momentum
• 90°–180° (3→6): above the open, momentum fading
• 180°–270° (6→9): below the open, bearish momentum
• 270°–360° (9→12): below the open, momentum recovering
As price oscillates around the open, the phase tends to rotate clockwise through these zones.
WHAT YOU SEE ON THE CHART
• Yellow line: the daily open (zero). Grey lines: ±0.5 and ±1 previous-day ATR.
• Clock (bottom right): the hand points to the current azimuth. Hand length = radius, hand color = zone, grey dots = recent trail. The readout (e.g. "87° ≈ 02:54") is the angle expressed as a clock position (30° = 1 hour). It is not the real time.
• Info table (top right): azimuth, zone, radius, % distance from the daily open.
• Arrows: lime arrow up = azimuth crosses 0° (price crossed above the open with positive momentum). Maroon arrow down = azimuth crosses 180° (price crossed below the open with negative momentum). Shown only when radius is above the minimum.
• Alerts for the 270°, 0°, 90° and 180° crossings.
HOW TO USE
1. Use an intraday timeframe (1m–4h). Daily and higher are not supported.
2. Read the zone first: it tells you which side of the daily open price is on and what momentum is doing.
3. Check the radius: a short hand means weak, noisy movement; a long hand means a stronger move.
4. Watch the threshold crossings:
• 270°: momentum turning up below the open (possible bottoming area)
• 0°: price reclaiming the open with momentum
• 90°: momentum turning down above the open (possible exhaustion)
• 180°: price losing the open with momentum
5. Combine with your own analysis (market structure, volume, higher-timeframe levels). The crossings describe the phase of price, they are not trade instructions.
6. Tune it: raise "Minimum radius" to filter noise, raise "Momentum smoothing" for a calmer hand, change time zone/day start for other markets.
SETTINGS
Time zone and day start hour, daily ATR length, momentum smoothing, normalization window, minimum radius, ATR bands, crossing marks, bar coloring, info table, clock size/colors, hand trail length.
NOTES
• Values on the live bar update until the bar closes; wait for the close to confirm.
• The previous day's ATR is requested without repainting.
• The default day start assumes the crypto daily open (00:00 UTC). Adjust it for other markets.
• Results depend on the symbol, timeframe and settings.
DISCLAIMER
This script is for educational and informational purposes only. It is not financial advice or a recommendation to buy or sell any asset. Trading involves substantial risk of loss. Past behavior does not guarantee future results. Use it at your own risk and do your own research.
INSPIRATION
This indicator was inspired by the azimuth idea of Ibn Sina (Avicenna), the 11th-century polymath who designed an astronomical instrument to measure azimuth and altitude with great precision. I took the core concept, reading a position as an angle around a circle, and adapted it to price action. It is a personal adaptation for market analysis, not a historical reconstruction.
WHAT IF PRICE HAD A COMPASS?
Most indicators tell you where price is. Azimuth Ring shows where price is in its cycle around the daily open, as an angle on a clock face.
HOW IT WORKS
The zero point is the daily open (default: 03:00 Istanbul = 00:00 UTC, the standard crypto daily open). Each bar gets two coordinates:
• x (position): (price − daily open) / previous day's ATR
• y (momentum): smoothed rate of change of price, in daily-ATR units
Both are normalized with a rolling standard deviation so they are comparable.
Azimuth is the angle of the point (x, y) measured clockwise from the y axis, like a compass: 0°–360°. Radius is the distance from the center and shows the strength of the move.
ZONES (clock positions)
• 0°–90° (12→3): above the open, bullish momentum
• 90°–180° (3→6): above the open, momentum fading
• 180°–270° (6→9): below the open, bearish momentum
• 270°–360° (9→12): below the open, momentum recovering
As price oscillates around the open, the phase tends to rotate clockwise through these zones.
WHAT YOU SEE ON THE CHART
• Yellow line: the daily open (zero). Grey lines: ±0.5 and ±1 previous-day ATR.
• Clock (bottom right): the hand points to the current azimuth. Hand length = radius, hand color = zone, grey dots = recent trail. The readout (e.g. "87° ≈ 02:54") is the angle expressed as a clock position (30° = 1 hour). It is not the real time.
• Info table (top right): azimuth, zone, radius, % distance from the daily open.
• Arrows: lime arrow up = azimuth crosses 0° (price crossed above the open with positive momentum). Maroon arrow down = azimuth crosses 180° (price crossed below the open with negative momentum). Shown only when radius is above the minimum.
• Alerts for the 270°, 0°, 90° and 180° crossings.
HOW TO USE
1. Use an intraday timeframe (1m–4h). Daily and higher are not supported.
2. Read the zone first: it tells you which side of the daily open price is on and what momentum is doing.
3. Check the radius: a short hand means weak, noisy movement; a long hand means a stronger move.
4. Watch the threshold crossings:
• 270°: momentum turning up below the open (possible bottoming area)
• 0°: price reclaiming the open with momentum
• 90°: momentum turning down above the open (possible exhaustion)
• 180°: price losing the open with momentum
5. Combine with your own analysis (market structure, volume, higher-timeframe levels). The crossings describe the phase of price, they are not trade instructions.
6. Tune it: raise "Minimum radius" to filter noise, raise "Momentum smoothing" for a calmer hand, change time zone/day start for other markets.
SETTINGS
Time zone and day start hour, daily ATR length, momentum smoothing, normalization window, minimum radius, ATR bands, crossing marks, bar coloring, info table, clock size/colors, hand trail length.
NOTES
• Values on the live bar update until the bar closes; wait for the close to confirm.
• The previous day's ATR is requested without repainting.
• The default day start assumes the crypto daily open (00:00 UTC). Adjust it for other markets.
• Results depend on the symbol, timeframe and settings.
DISCLAIMER
This script is for educational and informational purposes only. It is not financial advice or a recommendation to buy or sell any asset. Trading involves substantial risk of loss. Past behavior does not guarantee future results. Use it at your own risk and do your own research.
For help and support, feel free to contact:
wa.me/905469061306
wa.me/905469061306
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
For help and support, feel free to contact:
wa.me/905469061306
wa.me/905469061306
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.