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Livermore Market Key V2
Compare two instruments and their combined price record to see whether their trends agree or diverge.
Created with respect for Jesse Livermore’s disciplined approach to observing markets. This is ChartArmory’s independent interpretation of his record principles, not an affiliation or endorsement.
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Create a free TradingView account →What it shows
- View three records: each instrument and their combined Market Key. Each is classified into six states covering trends, rallies and reactions.
- Points adds two same-currency prices. Percent adaptation rebases each instrument to 100 and takes their equal-weight average; this is a modern adaptation.
- Includes pivotal price records, upward/downward agreement, pair divergence, recent observation labels and alert conditions.
How to read it
- Choose two different instruments. AAPL and MSFT are the default example with shared session and currency; Points requires the same currency.
- Read the combined record alongside both instrument states. Agreement requires all three to be in an upward trend or all three in a downward trend.
- PAIR DIVERGENCE means one instrument is in an upward trend and the other in a downward trend. PAIR-CONFIRMED PIVOTAL combines a pivotal event in the key with directional agreement.
How to install
- Request a free invite with your TradingView username and email, then open the confirmation link in your inbox.
- After access is granted, open the indicator page in your installation email and add it to favorites.
- In your TradingView chart, open Indicators → Invite-only scripts and add the indicator.
Before you use it
- Previous source bars are committed at the current chart bar close, creating a one-bar sampling delay. Use standard candles. Missing or unsynchronized pair data is not filled.
- The indicator interface is English; these website explanations follow your selected language. Records are observations, not orders, forecasts or promised returns.