Profit Hunter - RS Supernova中文說明
狩利 (Profit Hunter) - RS 超新星 是一款專為加密貨幣市場設計的相對強度篩選指標，靈感來自 Mark Minervini 和 William O'Neil 的投資理念。此指標透過「RS 超新星」篩選概念，幫助交易者聚焦在市場中的極端強勢標的，從而更精準地捕捉高潛力的進場機會。
指標用途
RS 評級 (RS Rating)：基於相對強度 (Relative Strength) 概念，將標的與整體市場 (TOTAL 指數) 進行比較，得出 RS 評級。當 RS 評級超過 85 時，該標的被視為具有極強的上漲動能，是潛在的進場目標。
高潛力篩選：此指標利用動態加權計算方式，篩選出相對強勢的標的，讓交易者可以聚焦於具有突破潛力的資產。
即時數據顯示：在圖表上即時顯示 RS 評級，提供清晰的數據支持，使交易者快速判斷標的的強度並做出即時決策。
狩利-RS 超新星 專為追求市場主流趨勢的交易者設計，特別適合應用 Minervini 和 O'Neil 理論的投資者。該指標幫助您在市場波動中篩選出最具相對強度的標的，確保每次進場都是基於高潛力的技術分析。
English Description
Profit Hunter - RS Supernova is a relative strength (RS) filtering indicator specifically designed for the cryptocurrency market, inspired by the investment philosophies of Mark Minervini and William O'Neil. Through the concept of the "RS Supernova," this indicator helps traders focus on exceptionally strong assets within the market, enabling precise entry into high-potential opportunities.
Indicator Purpose
RS Rating: Based on Relative Strength (RS) analysis, the indicator compares the asset to the overall market (TOTAL index) to generate an RS Rating. When the RS rating exceeds 85, the asset is considered to have substantial upward momentum, marking it as a potential entry target.
High-Potential Screening: Utilizing a dynamic weighted calculation, this indicator filters out assets with relative strength, allowing traders to concentrate on those with breakout potential.
Real-Time Data Display: The RS Rating is displayed on the chart, providing clear data for quick assessment of asset strength and enabling real-time decision-making.
Profit Hunter - RS Supernova is designed for traders seeking to capture mainstream market trends, especially those following Minervini and O'Neil's theories. This indicator aids in identifying the strongest assets amidst market fluctuations, ensuring each entry is backed by high-potential technical analysis.
Awesome Oscillator (AO)
Divergence Indicator Multi [TradingFinder] MACD AO RSI DIV Chart🔵 Introduction
🟣 What is Divergence in Financial Markets?
Divergence in technical analysis happens when the price of a stock moves in a direction opposite to certain indicators. This is a crucial concept in financial markets as it can signal either a trend reversal or a continuation of the current correction in the trend. Understanding divergence helps traders and analysts make more informed decisions.
🟣 Positive Regular Divergence (RD+)
A positive regular divergence occurs at the end of a downtrend, where two price lows form. This divergence appears when the price chart shows a new low, but the indicator does not follow, signaling potential buying opportunities.
Positive divergence indicates increased buying pressure and reduced selling pressure, making it a useful signal for forecasting price increases.
🟣 Negative Regular Divergence (RD-)
A negative regular divergence is seen during an uptrend when two price highs form. The price chart records a new high, but the indicator does not reflect this change, suggesting that a market downturn is likely.
This type of divergence shows strong selling pressure and weaker buying activity, which can help identify selling opportunities.
Both positive and negative divergences are powerful tools for identifying potential trend reversals and key support and resistance levels. For example, when an indicator trends upward while the price moves downward, this creates divergence, warning traders to reconsider their investment strategy.
🟣 Different Types of Divergence in Trading
1. Regular Divergence :
o Positive Regular Divergence (RD+)
o Negative Regular Divergence (RD-)
2. Hidden Divergence :
o Positive Hidden Divergence (HD+)
o Negative Hidden Divergence (HD-)
3.Time Divergence.
Note : This guide focuses specifically on Regular Divergence.
🟣 What is Regular Divergence?
Regular Divergence, often referred to as convergence, occurs when price action and indicators show conflicting patterns, usually signaling the end of a trend. Detecting regular divergence helps traders anticipate potential trend reversals or the formation of reversal patterns.
🔵 How to Use
To optimize the detection of divergence, you can adjust the Fractal Period to specify the length of time for identifying divergence patterns.
Additionally, with the Divergence Detection Method, you can select oscillators like the MACD, RSI, or AO to base divergence detection on.
Divergence in MACD :
MACD divergence occurs when the price chart forms an opposite pattern compared to the MACD line, indicating a potential price reversal.
Divergence in RSI :
In a downtrend, if the price chart forms two consecutive lows with the second lower than the first, but the RSI shows two lows with the second higher, this indicates positive regular divergence, which is a buy signal.
On the other hand, during an uptrend, if the price forms two highs with the second higher than the first, but the RSI shows the second high lower, this points to negative regular divergence, indicating a sell signal.
Divergence in AO (Awesome Oscillator) :
The AO indicator calculates histograms using the difference between 5-period and 34-period simple moving averages. It compares peaks and troughs of these histograms with price movements, detecting divergence and plotting lines and arrows to signal divergence.
🔵 Table
The following table breaks down the main features of the oscillator. It covers four critical categories: Exist, Consecutive, Divergence Quality, and Change Phase Indicator.
Exist : If divergence is detected, a "+" will appear in this row.
Consecutive: Shows the number of consecutive divergences that have formed in a short period.
Divergence Quality : Evaluates the quality of the divergence based on the number of occurrences. One is labeled "Normal," two are "Good," and three or more are considered "Strong."
Change Phase Indicator : If a phase change is detected between two oscillation peaks, this is marked in the table.
Momentum Alligator 4h Bitcoin StrategyOverview
The Momentum Alligator 4h Bitcoin Strategy is a trend-following trading system that operates on dual time frames. It utilizes the 1D Williams Alligator indicator to identify the prevailing major price trend and seeks trading opportunities on the 4-hour (4h) time frame when the momentum is turning up. The strategy is designed to close trades if the trend fails to develop or holding position if price continues increasing without any significant correction. Note that this strategy is specifically tailored for the 4-hour time frame.
Unique Features
2-layers market noise filtering system: Trades are only initiated in the direction of the 1D trend, determined by the Williams Alligator indicator. This higher time frame confirmation filters out minor trade signals, focusing on more substantial opportunities. At the same time, strategy has additional filter on 4h time frame with Awesome Oscillator which is showing the current price momentum.
Flexible Risk Management: The strategy exclusively opens long positions, resulting in fewer trades during bear markets. It incorporates a dynamic stop-loss mechanism, which can either follow the jaw line of the 4h Alligator or a user-defined fixed stop-loss. This flexibility helps manage risk and avoid non-trending markets.
Methodology
The strategy initiates a long position when the d-line of Stochastic RSI crosses up it's k-line. It means that there is a high probability that price momentum reversed from down to up. To avoid overtrading in potentially choppy markets, it skips the next two trades following a winning trade, anticipating sideways movement after a significant price surge.
This strategy has two layers trades filtering system: 4h and 1D time frames. The first one is awesome oscillator. It shall be increasing and value has to be higher than it's 5-period SMA. This is an additional confirmation that long trade is opened in the direction of the current momentum. As it was mentioned above, all entry signals are validated against the 1D Williams Alligator indicator. A trade is only opened if the price is above all three lines of the 1D Alligator, ensuring alignment with the major trend.
A trade is closed if the price hits the 4h jaw line of the Alligator or reaches the user-defined stop-loss level.
Risk Management
The strategy employs a combined approach to risk management:
It allows positions to ride the trend as long as the price continues to move favorably, aiming to capture significant price movements. It features a user-defined stop-loss parameter to mitigate risks based on individual risk tolerance. By default, this stop-loss is set to a 2% drop from the entry point, but it can be adjusted according to the trader's preferences.
Justification of Methodology
This strategy leverages Stochastic RSI on 4h time frame to open long trade when momentum started reversing to the upside. On the one hand, Stochastic RSI is one of the most sensitive indicator, which allows to react fast on the potential trend reversal. On the other hand, this indicator can be too sensitive and provide a lot of false trend changing signals. To eliminate this weakness we use two-layers trades filtering system.
The first layer is the 4h Awesome oscillator. This is less sensitive momentum indicator. Usually it starts increasing when price has already passed significant distance from the actual reversal point. The strategy opens long trade only is Awesome oscillator is increasing and above it's 5-period SMA. This approach increases the probability to filter the false signals during the choppy market or if the reversal is false.
The second layer filter is the Williams Alligator indicator on 1D time frame. The 1D Alligator serves as a filter for identifying the primary trend and increases probability to avoid the trades with low potential because trading against major trend usually is more risky. It's much better to catch the trend continuation than local bounce.
Last but not least feature of this strategy is close trades condition. It uses the flexible approach. First of all, user can set up the fixed stop-loss according to his own risk-tolerance, by default this value is 2% of price movement. It restricts the potential loss at the moment when trade has just been opened. Moreover strategy utilizes the 4h Williams Alligator's jaw line to exit the trade. If price fell below it trade is closed. This approach helps to not keep open trade if trend is not developing and hold it if price continues going up.
Backtest Results:
Operating window: Date range of backtests is 2021.01.01 - 2024.05.01. It is chosen to let the strategy to close all opened positions.
Commission and Slippage: Includes a standard Binance commission of 0.1% and accounts for possible slippage over 5 ticks.
Initial capital: 10000 USDT
Percent of capital used in every trade: 50%
Maximum Single Position Loss: -3.04%
Maximum Single Profit: +29.67%
Net Profit: +6228.01 USDT (+62.28%)
Total Trades: 118 (24.58% win rate)
Profit Factor: 1.71
Maximum Accumulated Loss: 1527.69 USDT (-11.52%)
Average Profit per Trade: 52.78 USDT (+0.89%)
Average Trade Duration: 60 hours
These results are obtained with realistic parameters representing trading conditions observed at major exchanges such as Binance and with realistic trading portfolio usage parameters.
How to Use:
Add the script to favorites for easy access.
Apply to the 4h timeframe desired chart (optimal performance observed on the BTC/USDT).
Configure settings using the dropdown choice list in the built-in menu.
Set up alerts to automate strategy positions through web hook with the text: {{strategy.order.alert_message}}
Disclaimer:
Educational and informational tool reflecting Skyrex commitment to informed trading. Past performance does not guarantee future results. Test strategies in a simulated environment before live implementation
Turbo Oscillator [RunRox]Introducing Turbo Oscillator by RunRox, our new indicator that combines a multitude of useful and unique features, which we will detail in this post.
List of Advanced Technologies:
Real-Time Divergences: Detects discrepancies between price movements and oscillator indicators to forecast potential price reversals.
Real-Time Hidden Divergences: We identify hidden divergences in real-time. These are not the standard type of divergences; they are opposite to regular divergences, providing unique insights into potential market movements.
Overbought and Oversold Zones: Identifies areas where the market is potentially overextended, suggesting possible entry and exit points.
Signal Line: Indicates the market direction, helping traders to quickly understand current trends.
Money Flow Histogram: Shows the flow of money into and out of the market, providing insights into buying and selling pressure.
Predicted Reversal Zones: Pinpoints areas where the market might experience reversals, aiding in strategic planning and risk management. These zones also serve as potential areas for taking profits, enhancing their utility for exit strategy planning.
Customizable Alerts: You can flexibly set up alerts for any events detected by our indicator, ensuring you stay informed about critical market movements.
To begin with, I would like to describe the difference between classic divergences and hidden divergences.
As you can see, these are opposite situations. Our oscillator identifies both types of divergences and displays them in real-time.
Divergences can serve as points where the price might reverse in the opposite direction, making both classic and hidden divergences powerful tools for spotting reversal points. I'll show a few examples of how divergences are used in our oscillator.
Classic Divergences - which we identify in real-time. As you can see, the price often reacts strongly to the formation of these divergences, frequently changing its direction.
Hidden Divergences - we also observe frequent movement in the opposite direction on the chart. The advantage of our indicator is that we show divergences in real-time without delays, allowing you to react immediately to trend changes.
Overbought and Oversold Zones - These zones allow you to see trend changes when the price is clearly overbought or oversold. When the color changes from a contrasting shade to a neutral one, you can observe the trend shift. The lines work by combining the positivity/negativity of the histogram, the positivity/negativity of the signal line, and the direction of the signal line (red/green). This sophisticated interaction provides precise insights into market conditions, making it an invaluable tool for traders.
Signal Line - This provides insights into trend changes and price reversals. The points on the line better indicate the beginning of a trend shift. These points can vary in size, offering a clearer understanding of the strength of the emerging trend. This feature works in combination with RSI, Stochastic, and MFI. RSI and MFI are top-tier indicators, while Stochastic adds responsiveness and sensitivity to trend changes, ensuring you capture every market movement accurately and promptly.
Money Flow Histogram - As shown in the example, our histogram displays the divergence between money flow and the actual price. You can see that while the price is rising, the money flow is decreasing, indicating insufficient demand for the asset and an imminent trend change. This feature uses MFI with an extended period, providing a more comprehensive and accurate analysis of market conditions. The extended period enhances the reliability of the Money Flow Index, making it an essential tool for identifying subtle shifts in market dynamics.
Predicted Reversal Zones - We automatically identify potential price reversal zones and display them above our overbought and oversold zones. In cases of strong overbought or oversold conditions, we detect potential price pullbacks and mark the beginning of a trend change. This helps you better identify trend shifts. We recommend considering these zones as potential take profit points for your trades.
Customizable Alerts - Our flexible alert system allows you to receive notifications only for the events you are interested in. These can include:
1. Classic Divergences
2. Hidden Divergences
3. Overbought or Oversold conditions on the status line
4. Strong Overbought or Oversold conditions on the status line
5. Signals from the signal line
6. Reversal zones in any direction
Our oscillator is a unique indicator that provides a comprehensive understanding of price movements. It can be used as a standalone tool for analyzing price action.
Here are a few examples of using our Oscillator in practice:
In the example above, you can see three conditions that have formed for a potential trade:
1. Clear overbought condition with a formed reversal point.
2. Decreasing Money Flow Index diverging from the rising price.
3. Formed classic divergence.
The entry point could be the formed divergence, while the exit point could be the overbought condition at the bottom of the oscillator along with the reversal points.
Here's another example of using hidden divergence, where you can see three conditions for a potential trade:
1. Overbought zone
2. Formed hidden divergence
3. Start of bearish movement indicated by the signal line
You can enter the trade either when the hidden divergence forms or wait for confirmation of the trend change by the signal line and enter the trade when the corresponding signal forms on the signal line. The exit point could be the opposite reversal point or the formation of a new hidden divergence.
We have demonstrated a few examples of how you can use our indicator, but we are confident that you will find many more applications in your own strategies.
Oscillator offers a variety of customizable parameters to tailor the indicator to your trading preferences. Here’s what our settings include:
Signal Line
Turn On/Off: Enable or disable the signal line.
Length: Set the length period for the signal line calculation.
Smooth: Adjust the smoothing level of the signal line for more accurate display.
Histogram
Turn On/Off: Enable or disable the histogram.
Length: Set the length period for the histogram calculation.
Smooth: Adjust the smoothing level of the histogram.
Other
Show Divergence Line: Display divergence lines on the chart.
Show Hidden Divergence: Display hidden divergences.
Show Status Line: Show the status line indicating overbought or oversold conditions.
Show TP Signal: Display signals for take profit.
Show Reversal Points: Display potential trend reversal points.
Delete Broken Divergence Lines: Remove broken divergence lines from the chart.
Alerts Customization
Signal Line Bull/Bear: Set alerts for bullish or bearish signals from the signal line.
TP Bull/Bear: Set alerts for take profit signals.
Status Bull/Bear: Set alerts for bullish or bearish status conditions.
Status Bull+/Bear+: Set enhanced alerts for stronger bullish or bearish status conditions.
Divergence Bull/Bear: Set alerts for bullish or bearish divergences.
Hidden Divergence Bull/Bear: Set alerts for hidden bullish or bearish divergences.
With these comprehensive settings, you can fine-tune the Oscillator to perfectly fit your trading strategy and preferences.
Our indicator utilizes technologies such as RSI, Stochastic, and Money Flow Index, with numerous enhancements from our team. It includes exclusive features such as real-time detection of hidden and classic divergences, identification of reversal points using our unique methodology, and much more.
Disclaimer:
While we consider our Turbo Oscillator to be an excellent tool, it is important to understand that past performance is not indicative of future results. We recommend approaching market analysis comprehensively, using a combination of tools and techniques to make well-informed trading decisions. Always consider the full range of market data and risks when using any trading indicator.
Awesome Oscillator + Bars count lines + EMA LineThe indicator includes an Awesome Oscillator with 2 vertical lines at a distance of 100 and 140 bars from the last bar to determine the third Elliott wave by the maximum peak of AO in the interval from 100 to 140 bars according to Bill Williams' Profitunity strategy. Additionally, a faster EMA line is displayed that calculates the difference between 5 Period and 34 Period Exponential Moving Averages (EMA 5 - EMA 34) based on the midpoints of the bars, just like AO calculates the difference between Simple Moving Averages (SMA 5 - SMA 34).
In the indicator settings, you can change the number of bars for vertical lines and any parameters for AO and EMA - method (SMA, Smoothed SMA, EMA and others), length, source (open, high, low, close, hl2 and others).
***
Индикатор включает Awesome Oscillator с 2 вертикальными линиями на расстоянии 100 и 140 баров от последнего бара, чтобы определить третью волну Эллиота по максимальному пику AO в интервале от 100 до 140 баров по стратегии Profitunity Билла Вильямса. Дополнительно отображается более быстрая линия EMA, которая вычисляет разницу между 5 Периодной и 34 Периодной Экспоненциальными Скользящими Средними (EMA 5 - EMA 34) по средним точкам баров (hl2), точно так же, как AO вычисляет разницу между Простыми Скользящими Средними (SMA 5 - SMA 34).
В настройках индикатора вы можете изменить количество баров для вертикальных линий и любые параметры для AO и EMA – метод (SMA, Smoothed SMA, EMA и другие), длину, источник (open, high, low, close, hl2 и другие).
Visible bars count on chart + highest/lowest bars, max/min AOThe indicator displays the number of visible bars on the screen (in the upper right corner), including the prices of the highest and lowest bars, the maximum or minimum value of the Awesome Oscillator (similar to MACD 5-34-5) for identify the 3-wave Elliott peak in the interval of 100 to 140 bars according to the Profitunity strategy of Bill Williams. The values change dynamically when scrolling or changing the scale of the graph.
In the indicator settings, you can hide labels, lines and change any parameters for the AO indicator - method (SMA, Smoothed SMA, EMA and others), length, source (open, high, low, close, hl2 and others).
‼️ The values are updated within 2-3 seconds after changing the number of visible bars on the screen.
***
Индикатор отображает количество видимых баров на экране (в правом верхнем углу), в том числе цены самого высокого и самого низкого баров, максимальное или минимальное значение Awesome Oscillator (аналогично MACD 5-34-5), чтобы определить пик 3-волны Эллиота в интервале от 100 до 140 баров по стратегии Profitunity Билла Вильямса. Значения меняются динамически при скроллинге или изменении масштаба графика.
В настройках индикатора вы можете скрыть метки, линии и изменить любые параметры для индикатора AO – метод (SMA, Smoothed SMA, EMA и другие), длину, источник (open, high, low, close, hl2 и другие).
‼️ Значения обновляются в течении 2-3 секунд после изменения количества видимых баров на экране.
Non-Repainting Awesome Oscillator[TV1ndicator]Non-Repainting Awesome Oscillator (NRAO) is an improved standard Awesome Oscillator
NRAO, unlike the built-in AO , does not repaint the values calculated on real-time bars when using an alternative timeframe .
The modification is based on the current version of the built-in Awesome Oscillator - 27.0
Comparison of AO and NRAO
In the following screenshot AO(gaps on), AO(gaps off), NRAO\ (non-repainting off), NRAO(non-repainting on) , the chart timeframe is 1 minute, and the indicator timeframe is 10 minutes:
Starting from 9:17, the chart worked in real time.
The following screenshot shows the same indicators for the same period, but after refreshing the page at 10:21:
The repainting of the built-in AO's minute-to-minute data when the "Wait for timeframe closes" option is turned off is obvious.
Even turning on the "Wait for timeframe closes" option, which in theory should prevent repainting, does not help. On historical data, the value is calculated at the close of the bar of an alternative timeframe, and is displayed at 9, 19, 29,39,... minutes of the chart.
On real data, the AO value is calculated at the close of the first bar of the chart timeframe, the opening of which coincides with the opening of a bar of an alternative timeframe, and is displayed at 10, 20, 30, 40,... minutes of the chart.
In addition, AO displays a value on the first real-time bar, which will disappear if you refresh the page after some time.
NRAO(non-repainting off) works similarly to AO(gaps off).
NRAO(non-repainting on) calculates and displays values in the same way both in history and in real time.
P.S. I publish this indicator in order to describe the problem using its example. The vast majority of built-in indicators are subject to such repaint. Unfortunately, sometimes repaint can lead to an erroneous trading decision. Not only beginners, but sometimes even experienced traders face this problem. Over many years of practice, I have repeatedly encountered situations where my clients were disappointed in their strategies as soon as they realized that standard indicators on alternative timeframes were repainting, and the strategy I wrote using indicators without repainting did not work quite as they expected.
I hope this example will help in the future to avoid unnecessary mistakes when using built-in indicators on alternative timeframes.
If you find this modification useful for other built-in indicators, write what other indicators without repainting you would like to see.
Non-Repainting Awesome Oscillator (NRAO) - это усовершенствованный стандартный Awesome Oscillator
NRAO в отличии от встроенного AO не перерисовывает значения, рассчитанные на барах реального времени при использовании альтернативного таймфрейма.
За основу модификации взята актуальная версия встроенного Awesome Oscillator - 27.0
Сравнение работы AO и NRAO
На следующем скриншоте отображены AO(gaps on), AO(gaps off), NRAO(non-repainting off), NRAO(non-repainting on) на таймфрейме графика 1 минута, и таймфрейме индикаторов 10 минут:
Начиная с 9:17 график работал в реальном времени.
На следующем скриншоте отображены те же индикаторы за тот же период, только после обновления страницы в 10:21:
Перерисовка ежеминутных данных встроенного AO при выключенной опции "Дождаться закрытия интервала" видна сразу.
Даже включение опции "Дождаться закрытия интервала", которая по идее должна была бы исключить перерисовку, не избавляет встроенный AO от неё. На исторических данных значение рассчитывается на закрытии бара альтернативного таймфрейма, и отображается на 9, 19, 29,39,... минутах графика.
На реальных данных значение AO рассчитывается на закрытии первого бара таймфрейма графика, открытие которого совпадает с открытием бара альтернативного таймфрейма, и отображается на 10, 20, 30, 40,... минутах графика.
Кроме того AO отображает значение на первом баре реального времени, которое не будет отображено, если обновить страницу спустя некоторое время.
NRAO(non-repainting off) работает аналогично AO(gaps off).
NRAO(non-repainting on) рассчитывает и отображает значения одинаково как на истории, так в реальном времени.
P.S. Я публикую этот индикатор для того, чтобы на его примере описать проблему. Подобной перерисовке подвержено абсолютное большинство встроенных индикаторов. К сожалению, иногда подобная перерисовка может привести к ошибочному торговому решению. С этой проблемой сталкиваются не только новички, но иногда и бывалые трейдеры. За многолетнюю практику я не один раз сталкивался с ситуациями, когда мои клиенты были разочарованы в своих стратегиях, как только они понимали, что стандартные индикаторы на альтернативных таймфреймах иногда перерисовываются, и написанная мной стратегия с использованием индикаторов без перерисовки работает не совсем так как они ожидали. Искренне надеюсь, что этот пример поможет вам в будущем избежать лишних ошибок при использовании встроенных индикаторов на альтернативных таймфреймах.
Если вы считаете полезным такую доработку для других встроенных индикаторов, пишите в отзывах какие еще индикаторы без перерисовки вы бы хотели видеть.
FxCanli PanelEN - FxCanli TradingView Panel Indicator shows the status of RSI, Stochastic, MACD and AO indicators in many TradingView symbols at the same time.
You can follow the market by geting an alarm instantly or at candle close about these indicators.
AT THE DEMO VERSION, YOU CAN FOLLOW ONLY 2 SYMBOL AT THE SAME TIME
TR - FxCanli TradingView Panel Göstergesi aynı anda birçok TradingView sembolünde RSI, Stokastik, MACD ve AO göstergelerinin durumunu gösterir.
Bu göstergeler hakkında anlık veya mum kapanışında alarm alarak piyasayı takip edebilirsiniz.
DEMO VERSİYONUNDA AYNI ANDA SADECE 2 SEMBOLÜ TAKİP EDEBİLİRSİNİZ
RSI Indicator details / RSI İndikatörü detayları
Green box / Yeşil Kutu
EN - At Over Sold Zone
TR - Aşırı Satım Bölgesinde
Pink box / Pembe Kutu
EN - At Over Bought Zone
TR - Aşırı Alım Bölgesinde
Yellow box / Sarı Kutu
EN - Exit from Over Bought/Sold Zone
TR - Aşırı Alım/Satım Bölgesinden Çıkınca
Stochastic Indicator details / Stochastic İndikatörü detayları
Green box / Yeşil Kutu
EN - At Over Sold Zone
TR - Aşırı Satım Bölgesinde
Pink box / Pembe Kutu
EN - At Over Bought Zone
TR - Aşırı Alım Bölgesinde
Yellow box / Sarı Kutu
EN - Exit from Over Bought/Sold Zone
TR - Aşırı Alım/Satım Bölgesinden Çıkınca
MACD Indicator details / MACD İndikatörü detayları
Green box / Yeşil Kutu
EN - MACD Line crossing UP SIGNAL Line
TR - MACD Çizgisi, SİNYAL Çizgisini YUKARI Keser
Pink box / Pembe Kutu
EN - MACD Line crossing DOWN SIGNAL Line
TR - MACD Çizgisi, SİNYAL Çizgisini AŞAĞI Keser
AO Indicator details / AO İndikatörü detayları
Green box / Yeşil Kutu
EN - AO crossing UP ZERO Level
TR - AO Sıfır Seviyesini YUKARI Keser
Pink box / Pembe Kutu
EN - AO crossing DOWN ZERO Level
TR - AO Sıfır Seviyesini ASAGI Keser
Alerts and Notifications / Alarm ve Bildirimler
EN - You can get ALL or ANY of these Alerts
TR - Herhangi birinin veya tamamının alarmlarını alabilirsiniz
DEMO - FxCanli PanelEN - FxCanli TradingView Panel Indicator shows the status of RSI, Stochastic, MACD and AO indicators in many TradingView symbols at the same time.
You can follow the market by geting an alarm instantly or at candle close about these indicators.
AT THE DEMO VERSION, YOU CAN FOLLOW ONLY 2 SYMBOL AT THE SAME TIME
TR - FxCanli TradingView Panel Göstergesi aynı anda birçok TradingView sembolünde RSI, Stokastik, MACD ve AO göstergelerinin durumunu gösterir.
Bu göstergeler hakkında anlık veya mum kapanışında alarm alarak piyasayı takip edebilirsiniz.
DEMO VERSİYONUNDA AYNI ANDA SADECE 2 SEMBOLÜ TAKİP EDEBİLİRSİNİZ
RSI Indicator details / RSI İndikatörü detayları
Green box / Yeşil Kutu
EN - At Over Sold Zone
TR - Aşırı Satım Bölgesinde
Pink box / Pembe Kutu
EN - At Over Bought Zone
TR - Aşırı Alım Bölgesinde
Yellow box / Sarı Kutu
EN - Exit from Over Bought/Sold Zone
TR - Aşırı Alım/Satım Bölgesinden Çıkınca
Stochastic Indicator details / Stochastic İndikatörü detayları
Green box / Yeşil Kutu
EN - At Over Sold Zone
TR - Aşırı Satım Bölgesinde
Pink box / Pembe Kutu
EN - At Over Bought Zone
TR - Aşırı Alım Bölgesinde
Yellow box / Sarı Kutu
EN - Exit from Over Bought/Sold Zone
TR - Aşırı Alım/Satım Bölgesinden Çıkınca
MACD Indicator details / MACD İndikatörü detayları
Green box / Yeşil Kutu
EN - MACD Line crossing UP SIGNAL Line
TR - MACD Çizgisi, SİNYAL Çizgisini YUKARI Keser
Pink box / Pembe Kutu
EN - MACD Line crossing DOWN SIGNAL Line
TR - MACD Çizgisi, SİNYAL Çizgisini AŞAĞI Keser
AO Indicator details / AO İndikatörü detayları
Green box / Yeşil Kutu
EN - AO crossing UP ZERO Level
TR - AO Sıfır Seviyesini YUKARI Keser
Pink box / Pembe Kutu
EN - AO crossing DOWN ZERO Level
TR - AO Sıfır Seviyesini ASAGI Keser
Alerts and Notifications / Alarm ve Bildirimler
EN - You can get ALL or ANY of these Alerts
TR - Herhangi birinin veya tamamının alarmlarını alabilirsiniz
Awesome Cumulative Volume OscillatorThe indicator is called the "Awesome Cumulative Volume Oscillator" (ACVO), which analyzes the cumulative trading volume of the underlying asset.
The indicator also plots the deviation of the cumulative trading volume from the first SMA value, which is referred to as the "Cumulative Volume Deviation". The zero-line is plotted as a reference point.
If the "Cumulative Volume Deviation" is greater than 0, it indicates an uptrend, as the cumulative trading volume is above the first SMA value. If the "Cumulative Volume Deviation" is less than 0, it indicates a downtrend, as the cumulative trading volume is below the first SMA value.
However, it is important to note that using a single indicator is not sufficient to conduct a comprehensive market analysis. It is necessary to combine multiple indicators and analysis methods to make informed trading decisions.
GKD-C PDFMA Awesome Oscillator [Loxx]Giga Kaleidoscope GKD-C PDFMA Awesome Oscillator is a Confirmation module included in Loxx's "Giga Kaleidoscope Modularized Trading System".
█ Giga Kaleidoscope Modularized Trading System
What is Loxx's "Giga Kaleidoscope Modularized Trading System"?
The Giga Kaleidoscope Modularized Trading System is a trading system built on the philosophy of the NNFX (No Nonsense Forex) algorithmic trading.
What is the NNFX algorithmic trading strategy?
The NNFX (No-Nonsense Forex) trading system is a comprehensive approach to Forex trading that is designed to simplify the process and remove the confusion and complexity that often surrounds trading. The system was developed by a Forex trader who goes by the pseudonym "VP" and has gained a significant following in the Forex community.
The NNFX trading system is based on a set of rules and guidelines that help traders make objective and informed decisions. These rules cover all aspects of trading, including market analysis, trade entry, stop loss placement, and trade management.
Here are the main components of the NNFX trading system:
1. Trading Philosophy: The NNFX trading system is based on the idea that successful trading requires a comprehensive understanding of the market, objective analysis, and strict risk management. The system aims to remove subjective elements from trading and focuses on objective rules and guidelines.
2. Technical Analysis: The NNFX trading system relies heavily on technical analysis and uses a range of indicators to identify high-probability trading opportunities. The system uses a combination of trend-following and mean-reverting strategies to identify trades.
3. Market Structure: The NNFX trading system emphasizes the importance of understanding the market structure, including price action, support and resistance levels, and market cycles. The system uses a range of tools to identify the market structure, including trend lines, channels, and moving averages.
4. Trade Entry: The NNFX trading system has strict rules for trade entry. The system uses a combination of technical indicators to identify high-probability trades, and traders must meet specific criteria to enter a trade.
5. Stop Loss Placement: The NNFX trading system places a significant emphasis on risk management and requires traders to place a stop loss order on every trade. The system uses a combination of technical analysis and market structure to determine the appropriate stop loss level.
6. Trade Management: The NNFX trading system has specific rules for managing open trades. The system aims to minimize risk and maximize profit by using a combination of trailing stops, take profit levels, and position sizing.
Overall, the NNFX trading system is designed to be a straightforward and easy-to-follow approach to Forex trading that can be applied by traders of all skill levels.
Core components of an NNFX algorithmic trading strategy
The NNFX algorithm is built on the principles of trend, momentum, and volatility. There are six core components in the NNFX trading algorithm:
1. Volatility - price volatility; e.g., Average True Range, True Range Double, Close-to-Close, etc.
2. Baseline - a moving average to identify price trend
3. Confirmation 1 - a technical indicator used to identify trends
4. Confirmation 2 - a technical indicator used to identify trends
5. Continuation - a technical indicator used to identify trends
6. Volatility/Volume - a technical indicator used to identify volatility/volume breakouts/breakdown
7. Exit - a technical indicator used to determine when a trend is exhausted
What is Volatility in the NNFX trading system?
In the NNFX (No Nonsense Forex) trading system, ATR (Average True Range) is typically used to measure the volatility of an asset. It is used as a part of the system to help determine the appropriate stop loss and take profit levels for a trade. ATR is calculated by taking the average of the true range values over a specified period.
True range is calculated as the maximum of the following values:
-Current high minus the current low
-Absolute value of the current high minus the previous close
-Absolute value of the current low minus the previous close
ATR is a dynamic indicator that changes with changes in volatility. As volatility increases, the value of ATR increases, and as volatility decreases, the value of ATR decreases. By using ATR in NNFX system, traders can adjust their stop loss and take profit levels according to the volatility of the asset being traded. This helps to ensure that the trade is given enough room to move, while also minimizing potential losses.
Other types of volatility include True Range Double (TRD), Close-to-Close, and Garman-Klass
What is a Baseline indicator?
The baseline is essentially a moving average, and is used to determine the overall direction of the market.
The baseline in the NNFX system is used to filter out trades that are not in line with the long-term trend of the market. The baseline is plotted on the chart along with other indicators, such as the Moving Average (MA), the Relative Strength Index (RSI), and the Average True Range (ATR).
Trades are only taken when the price is in the same direction as the baseline. For example, if the baseline is sloping upwards, only long trades are taken, and if the baseline is sloping downwards, only short trades are taken. This approach helps to ensure that trades are in line with the overall trend of the market, and reduces the risk of entering trades that are likely to fail.
By using a baseline in the NNFX system, traders can have a clear reference point for determining the overall trend of the market, and can make more informed trading decisions. The baseline helps to filter out noise and false signals, and ensures that trades are taken in the direction of the long-term trend.
What is a Confirmation indicator?
Confirmation indicators are technical indicators that are used to confirm the signals generated by primary indicators. Primary indicators are the core indicators used in the NNFX system, such as the Average True Range (ATR), the Moving Average (MA), and the Relative Strength Index (RSI).
The purpose of the confirmation indicators is to reduce false signals and improve the accuracy of the trading system. They are designed to confirm the signals generated by the primary indicators by providing additional information about the strength and direction of the trend.
Some examples of confirmation indicators that may be used in the NNFX system include the Bollinger Bands, the MACD (Moving Average Convergence Divergence), and the Stochastic Oscillator. These indicators can provide information about the volatility, momentum, and trend strength of the market, and can be used to confirm the signals generated by the primary indicators.
In the NNFX system, confirmation indicators are used in combination with primary indicators and other filters to create a trading system that is robust and reliable. By using multiple indicators to confirm trading signals, the system aims to reduce the risk of false signals and improve the overall profitability of the trades.
What is a Continuation indicator?
In the NNFX (No Nonsense Forex) trading system, a continuation indicator is a technical indicator that is used to confirm a current trend and predict that the trend is likely to continue in the same direction. A continuation indicator is typically used in conjunction with other indicators in the system, such as a baseline indicator, to provide a comprehensive trading strategy.
What is a Volatility/Volume indicator?
Volume indicators, such as the On Balance Volume (OBV), the Chaikin Money Flow (CMF), or the Volume Price Trend (VPT), are used to measure the amount of buying and selling activity in a market. They are based on the trading volume of the market, and can provide information about the strength of the trend. In the NNFX system, volume indicators are used to confirm trading signals generated by the Moving Average and the Relative Strength Index. Volatility indicators include Average Direction Index, Waddah Attar, and Volatility Ratio. In the NNFX trading system, volatility is a proxy for volume and vice versa.
By using volume indicators as confirmation tools, the NNFX trading system aims to reduce the risk of false signals and improve the overall profitability of trades. These indicators can provide additional information about the market that is not captured by the primary indicators, and can help traders to make more informed trading decisions. In addition, volume indicators can be used to identify potential changes in market trends and to confirm the strength of price movements.
What is an Exit indicator?
The exit indicator is used in conjunction with other indicators in the system, such as the Moving Average (MA), the Relative Strength Index (RSI), and the Average True Range (ATR), to provide a comprehensive trading strategy.
The exit indicator in the NNFX system can be any technical indicator that is deemed effective at identifying optimal exit points. Examples of exit indicators that are commonly used include the Parabolic SAR, the Average Directional Index (ADX), and the Chandelier Exit.
The purpose of the exit indicator is to identify when a trend is likely to reverse or when the market conditions have changed, signaling the need to exit a trade. By using an exit indicator, traders can manage their risk and prevent significant losses.
In the NNFX system, the exit indicator is used in conjunction with a stop loss and a take profit order to maximize profits and minimize losses. The stop loss order is used to limit the amount of loss that can be incurred if the trade goes against the trader, while the take profit order is used to lock in profits when the trade is moving in the trader's favor.
Overall, the use of an exit indicator in the NNFX trading system is an important component of a comprehensive trading strategy. It allows traders to manage their risk effectively and improve the profitability of their trades by exiting at the right time.
How does Loxx's GKD (Giga Kaleidoscope Modularized Trading System) implement the NNFX algorithm outlined above?
Loxx's GKD v1.0 system has five types of modules (indicators/strategies). These modules are:
1. GKD-BT - Backtesting module (Volatility, Number 1 in the NNFX algorithm)
2. GKD-B - Baseline module (Baseline and Volatility/Volume, Numbers 1 and 2 in the NNFX algorithm)
3. GKD-C - Confirmation 1/2 and Continuation module (Confirmation 1/2 and Continuation, Numbers 3, 4, and 5 in the NNFX algorithm)
4. GKD-V - Volatility/Volume module (Confirmation 1/2, Number 6 in the NNFX algorithm)
5. GKD-E - Exit module (Exit, Number 7 in the NNFX algorithm)
(additional module types will added in future releases)
Each module interacts with every module by passing data between modules. Data is passed between each module as described below:
GKD-B => GKD-V => GKD-C(1) => GKD-C(2) => GKD-C(Continuation) => GKD-E => GKD-BT
That is, the Baseline indicator passes its data to Volatility/Volume. The Volatility/Volume indicator passes its values to the Confirmation 1 indicator. The Confirmation 1 indicator passes its values to the Confirmation 2 indicator. The Confirmation 2 indicator passes its values to the Continuation indicator. The Continuation indicator passes its values to the Exit indicator, and finally, the Exit indicator passes its values to the Backtest strategy.
This chaining of indicators requires that each module conform to Loxx's GKD protocol, therefore allowing for the testing of every possible combination of technical indicators that make up the six components of the NNFX algorithm.
What does the application of the GKD trading system look like?
Example trading system:
Backtest: Strategy with 1-3 take profits, trailing stop loss, multiple types of PnL volatility, and 2 backtesting styles
Baseline: Hull Moving Average
Volatility/Volume: Hurst Exponent
Confirmation 1: PDFMA Awesome Oscillator as shown on the chart above
Confirmation 2: Williams Percent Range
Continuation: Fisher Transform
Exit: Rex Oscillator
Each GKD indicator is denoted with a module identifier of either: GKD-BT, GKD-B, GKD-C, GKD-V, or GKD-E. This allows traders to understand to which module each indicator belongs and where each indicator fits into the GKD protocol chain.
Giga Kaleidoscope Modularized Trading System Signals (based on the NNFX algorithm)
Standard Entry
1. GKD-C Confirmation 1 Signal
2. GKD-B Baseline agrees
3. Price is within a range of 0.2x Volatility and 1.0x Volatility of the Goldie Locks Mean
4. GKD-C Confirmation 2 agrees
5. GKD-V Volatility/Volume agrees
Baseline Entry
1. GKD-B Baseline signal
2. GKD-C Confirmation 1 agrees
3. Price is within a range of 0.2x Volatility and 1.0x Volatility of the Goldie Locks Mean
4. GKD-C Confirmation 2 agrees
5. GKD-V Volatility/Volume agrees
6. GKD-C Confirmation 1 signal was less than 7 candles prior
Continuation Entry
1. Standard Entry, Baseline Entry, or Pullback; entry triggered previously
2. GKD-B Baseline hasn't crossed since entry signal trigger
3. GKD-C Confirmation Continuation Indicator signals
4. GKD-C Confirmation 1 agrees
5. GKD-B Baseline agrees
6. GKD-C Confirmation 2 agrees
1-Candle Rule Standard Entry
1. GKD-C Confirmation 1 signal
2. GKD-B Baseline agrees
3. Price is within a range of 0.2x Volatility and 1.0x Volatility of the Goldie Locks Mean
Next Candle:
1. Price retraced (Long: close < close or Short: close > close )
2. GKD-B Baseline agrees
3. GKD-C Confirmation 1 agrees
4. GKD-C Confirmation 2 agrees
5. GKD-V Volatility/Volume agrees
1-Candle Rule Baseline Entry
1. GKD-B Baseline signal
2. GKD-C Confirmation 1 agrees
3. Price is within a range of 0.2x Volatility and 1.0x Volatility of the Goldie Locks Mean
4. GKD-C Confirmation 1 signal was less than 7 candles prior
Next Candle:
1. Price retraced (Long: close < close or Short: close > close )
2. GKD-B Baseline agrees
3. GKD-C Confirmation 1 agrees
4. GKD-C Confirmation 2 agrees
5. GKD-V Volatility/Volume Agrees
PullBack Entry
1. GKD-B Baseline signal
2. GKD-C Confirmation 1 agrees
3. Price is beyond 1.0x Volatility of Baseline
Next Candle:
1. Price is within a range of 0.2x Volatility and 1.0x Volatility of the Goldie Locks Mean
3. GKD-C Confirmation 1 agrees
4. GKD-C Confirmation 2 agrees
5. GKD-V Volatility/Volume Agrees
█ GKD-C PDFMA Awesome Oscillator
What is the Awesome Oscillator?
The Awesome Oscillator (AO) is a technical indicator used in financial analysis to measure the momentum of an asset's price movement. Developed by Bill Williams, it is a histogram-style indicator that calculates the difference between a 34-period and a 5-period Simple Moving Average (SMA) of the asset's price.
The AO indicator is calculated by subtracting the 34-period SMA from the 5-period SMA. The resulting value is plotted as a histogram, with bars above the zero line indicating bullish momentum and bars below the zero line indicating bearish momentum.
Traders use the Awesome Oscillator to identify trends and potential reversals in the price movement of an asset. When the histogram is above the zero line, it indicates that bullish momentum is strong and traders may consider buying the asset. Conversely, when the histogram is below the zero line, it indicates that bearish momentum is strong and traders may consider selling the asset.
In addition to identifying trends and potential reversals, the AO indicator can also be used to confirm the strength of a trend. If the histogram is increasing in height, it indicates that the momentum of the trend is increasing as well. If the histogram is decreasing in height, it indicates that the momentum of the trend is decreasing as well.
Traders often use the Awesome Oscillator in conjunction with other technical indicators to confirm trading signals and improve the accuracy of their trades. While it is not a standalone indicator, it can be a valuable tool for identifying and confirming trends in the price movement of an asset.
What is Probability Density Function?
Probability Density Function ( PDF ) is a statistical function used to describe the likelihood of a continuous random variable taking on a particular value or range of values. In other words, it describes the probability distribution of a random variable over a continuous range of values.
The PDF is defined as the derivative of the cumulative distribution function (CDF) of a continuous random variable. The CDF of a continuous random variable is the probability that the random variable takes on a value less than or equal to a given value. The PDF is a non-negative function that integrates to 1 over the entire range of the random variable.
The PDF is used to calculate the probability of the random variable taking on a value within a specific range. This is done by integrating the PDF over that range. The height of the PDF at a particular value of the random variable indicates the relative likelihood of that value occurring.
The PDF is an essential tool in many areas of statistics, including hypothesis testing, confidence interval estimation, and Bayesian inference.
Probability density function based MA is a sort of weighted moving average that uses probability density function to calculate the weights.
What is the PDFMA Awesome Oscillator?
This indicator is an Awesome Oscillator that makes use of PDFMA smoothing. There is only one varaible input: variance. This adjusts the smoothness of the oscillator. Higher values, smoother oscillator but introduces additional lag.
Requirements
Inputs
Confirmation 1 and Solo Confirmation: GKD-V Volatility / Volume indicator
Confirmation 2: GKD-C Confirmation indicator
Outputs
Confirmation 2 and Solo Confirmation Complex: GKD-E Exit indicator
Confirmation 1: GKD-C Confirmation indicator
Continuation: GKD-E Exit indicator
Solo Confirmation Simple: GKD-BT Backtest strategy
Additional features will be added in future releases.
Momentum Trend Fusion (MTF)The Momentum Trend Fusion (MTF) is a composite indicator that combines the Awesome Oscillator and the Relative Strength Index to provide a unique perspective on market momentum and trend strength. The MTF is calculated by first running the Relative Strength Index (RSI) on the Awesome Oscillator (AO) and then applying an Exponential Moving Average (EMA) on the RSI value. The MTF is designed to help traders detect market phases and confirm trend direction by analyzing the cross of the EMA and RSI, as well as divergences between the AO and price. The MTF can be customized by the user by providing the lengths of the RSI and EMA calculations, making it an ideal tool for traders with different time frames and risk tolerances.
Black MACDBlack MACD is combination of MACD / Awesome Oscillator / Wavetrend Oscillator / BB Squeeze (Multi Oscillator) with many features like Multi Symbol support, Dual Divergence, MACD Cross over/under and completely customizable.
MACD Oscillator
Awesome Oscillator
Wavetrend Oscillator
Bollinger Bands Squeeze
Multi Symbol
Dual Divergence
MACD Cross over/under
Full Customization
Multi Symbol
Bollinger Bands Squeeze
Dual Divergence
MACD Cross
Awesome Oscillator
Wavetrend Oscillator
What is Moving Average Convergence Divergence – MACD?
The most popular indicator used in technical analysis, Moving average convergence divergence ( MACD ) reveal changes in the strength, direction, momentum, and duration of a trend in a financial instrument’s price. It's a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price. The MACD is calculated by subtracting the 26-period exponential moving average ( EMA ) from the 12-period EMA.
The MACD indicator is typically good for identifying three types of basic signals;
Signal Line Crossovers
A Signal Line Crossover is the most common signal produced by the MACD . On the occasions where the MACD Line crosses above or below the Signal Line, that can signify a potentially strong move. The standard interpretation of such an event is a recommendation to buy if the MACD line crosses up through the Signal Line (a "bullish" crossover), or to sell if it crosses down through the Signal Line (a "bearish" crossover). These events are taken as indications that the trend in the financial instrument is about to accelerate in the direction of the crossover.
Zero Line Crossovers
Zero Line Crossovers occur when the MACD Line crossed the Zero Line and either becomes positive (above 0) or negative (below 0). A change from positive to negative MACD is interpreted as "bearish", and from negative to positive as "bullish". Zero crossovers provide evidence of a change in the direction of a trend but less confirmation of its momentum than a signal line crossover
Divergence
Divergence is another signal created by the MACD . Simply, divergence occurs when the MACD and actual price are not in agreement. A "positive divergence" or "bullish divergence" occurs when the price makes a new low but the MACD does not confirm with a new low of its own. A "negative divergence" or "bearish divergence" occurs when the price makes a new high but the MACD does not confirm with a new high of its own. A divergence with respect to price may occur on the MACD line and/or the MACD Histogram
Moving Average Crossovers, another hidden signal that MACD Indicator identifies
Many traders will watch for a short-term moving average to cross above a longer-term moving average and use this to signal increasing upward momentum. This bullish crossover suggests that the price has recently been rising at a faster rate than it has in the past, so it is a common technical buy sign. Conversely, a short-term moving average crossing below a longer-term average is used to illustrate that the asset's price has been moving downward at a faster rate and that it may be a good time to sell.
Moving Average Crossovers in reality is Zero Line Crossovers, the value of the MACD indicator is equal to zero each time the two moving averages cross over each other. For easy interpretation by trades, Zero Line Crossovers are simply described as positive or negative MACD
False signals
Like any forecasting algorithm, the MACD can generate false signals. A false positive, for example, would be a bullish crossover followed by a sudden decline in a financial instrument. A false negative would be a situation where there is bearish crossover, yet the financial instrument accelerated suddenly upwards
What is Awesome Oscillator?
The Awesome Oscillator is an indicator used to measure market momentum. AO calculates the difference of a 34 Period and 5 Period Simple Moving Averages. The Simple Moving Averages that are used are not calculated using closing price but rather each bar's midpoints. AO is generally used to affirm trends or to anticipate possible reversals.
Disclaimer: DYOR. Not financial advice. Not a trading system. I am not affiliated with TradingView or any authors mentioned here; You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely. Always trade with confluence and Risk Management.
Feedback & Bug report
if you found any bug in this indicator or any suggestion, please let me know. Please give feedback & appreciate if you like to see more future updates and indicators. Thank you
Check out Black RSI indicator:
Z.A.H.It's a scalping script, which can be used using Heikin Ashi candle on 5min time frame (I personally use it for BINANCE:BTCUSDT and BINANCE:ETHUSDT scalping).
We've tried to include SL and target (1.5R and 2R) in this as well, and it works well but sometimes (please note SOMETIMES..SOMETIMES, it can be few..few pips here and there)
Idea is simple, you take the trade based on the signal given by the script and place your SL as per the script and then target 1.5R for 80% of your position and 20% for the remaining 20% of your position.
One extra thing which I've found useful is, you can use Awesome Oscillator (default setting) as well for placing SLs. If you use this method for placing SL, then just place your SL at the last green awesome oscillator candle for shorts and at the last red awesome oscillator candle for longs. From there target 1.5R and 2R.
Overall results are same for either, so you can use it as per your convenience. For any query, you can send me a DM on discord or twitter.
PDFMA Awesome Oscillator [Loxx]Theory:
Bill Williams's Awesome Oscillator Technical Indicator (AO) is a 34-period simple moving average, plotted through the bars midpoints (H+L)/2, which is subtracted from the 5-period simple moving average, built across the bars midpoints (H+L)/2. It shows us quite clearly what’s happening to the market driving force at the present moment.
This version uses PdfMA (Probability Density Function weighted Moving Average) instead of SMA (Simple Moving Average). This is a deviation from the original AO since in the AO since there is no parameter that you can change, but with this version, you can change the variance part of the PdfMA calculation. That way you can get different values for the AO even without changing periods of calculation (the general rule of thumb is: the greater the variance, the smoother the result)
Usage:
You can use color changes (mainly on zero cross) for trend change signals
VWAP OscilatorVWAP Oscillator - Awesome Oscillator but using different period Volume Weighted Average Price values instead of moving averages. Used to get an idea of the momentum of price movements and when momentum might be reversing.
Awesome Oscillator PlusThe Awesome Oscillator is an indicator used to measure market momentum. AO calculates the difference of a 34 Period and 5 Period Simple Moving Averages. The Simple Moving Averages that are used are not calculated using closing price but rather each bar's midpoints. AO is generally used to affirm trends or to anticipate possible reversals.
The Awesome Oscillator's saucer is a trading signal that many analysts use to identify potential rapid changes in momentum. The saucer strategy involves looking for changes in three consecutive bars that are on the same side of the zero line.
AO's saucers can be either bullish or bearish. A bullish saucer can be identified when the awesome oscillator is above the zero line and there are two consecutive red bars – with the second bar being lower than the first – which are followed by a green bar.
On the other hand, a bearish saucer can be identified by two consecutive green bars below the zero line – with the second bar being lower than the first – which are immediately followed by a red bar.
Bullish saucer = Background and green arrow
Bearish saucer = Background and red arrow
Alerts can be triggered when a bullish or bearish saucer occurs.
Blue dots mean that the maximum or minimum of 150 periods has been exceeded (you can change the number of periods). Also added a signal line which can be exchanged for different moving averages.
The MACD line and histogram have a setting of Fast MA = 13, Slow MA = 21 and Signal = 8.
Added light blue dots as bullish signals (MACD line below zero and line crossing) and pink dots as bearish signals (MACD line above zero and line crossing). Alerts can be activated to notify such signals.
Bogdan Ciocoiu - MoonshotDescription
Moonshot is an indicator that encapsulates the value delivered by the TSI, MACD, Awesome Oscillator and CCI algorithms to produce signals to enable users to enter positions in ideal market conditions. Moonshot integrates the value delivered by the above four algorithms into one script.
This indicator is particularly useful when trading continuation/reversal divergence strategies.
Uniqueness
The Moonshot's uniqueness stands from integrating the above algorithms into the same visual area and leveraging preconfigured parameters suitable for 1-3 minute scalping techniques.
In addition, Moonshot allows swapping or furthermore configuring the above four algorithms in such a way to align signals by colour-coding or shape thickness to aid the users with identifying any emerging patterns quicker.
Furthermore, Moonshot's uniqueness is also reflected in the way it has standardised the outputs of each algorithm to look and feel the same (including the scale at which the shapes are shown) and, in doing so, enables users to plug them in/out as needed.
Open-source
The indicator leverages the following open-source scripts/algorithms:
www.tradingview.com
www.tradingview.com
www.tradingview.com
www.tradingview.com
KINSKI Multi Trend OscillatorThe Multi Trend Oscillator is a tool that combines the ratings of several indicators to facilitate the search for profitable trades. I was inspired by the excellent indicator "Technical Ratings" from Team TradingView to create an alternative with a technically new approach. Therefore, it is not a modified copy of the original, but newly conceived and implemented.
The recommendations of the indicator are based on the calculated ratings from the different indicators included in it. The special thing here is that all settings for the individual indicators can be changed according to your own needs and displayed as a histogram and MA line. This provides an excellent visual control of your own settings. Alarms are also triggered.
Criteria for determining the rating
Relative Strength Index (RSI)
Buy - Crossover oversold level and indicator < oversold level and rising
Sell - Crossunder oversold level and indicator >= oversold level and falling
Neutral - neither Buy nor Sell
Relative Strength Index (RSI) Laguerre
Buy - Crossover Oversold Level and Indicator < Oversold Level and rising
Sell - Crossunder oversold level and indicator >= oversold level and falling
Neutral - neither Buy nor Sell
Noise free Relative Strength Index (RSX)
Buy - Crossover Oversold Level and Indicator < Oversold Level and rising
Sell - Crossunder oversold level and indicator >= oversold level and falling
Neutral - neither Buy nor Sell
Money Flow Index (MFI)
Buy - Crossover Oversold Level and Indicator < Oversold Level and rising
Sell - Crossunder oversold level and indicator >= oversold level and falling
Neutral - neither Buy nor Sell
Commodity Channel Index (CCI)
Buy - Crossover Oversold Level and Indicator < Oversold Level and rising
Sell - Crossunder oversold level and indicator >= oversold level and falling
Neutral - neither Buy nor Sell
Moving Average Convergence/Divergence (MACD)
Buy - values of the main line > values of the signal line and rising
Sell - values of the main line < values of the signal line and falling
Neutral - neither Buy nor Sell
Klinger
Buy - indicator >= 0 and rising
Sell - indicator < 0 and falling
Neutral - neither Buy nor Sell
Average Directional Index (ADX)
Buy - indicator > 20 and +DI line crosses over the -DI line and rising
Sell - indicator > 20 and +DI line crosses below the -DI line and falling
Neutral - neither Buy nor Sell
Awesome Oscillator
Buy - Crossover 0 and values are greater than 0, or exceed the zero line
Sell - Crossunder 0 and values are lower than 0, or fall below the zero line
Neutral - neither Buy nor Sell
Ultimate Oscillator
Buy - Crossover oversold level and indicator < oversold level and rising
Sell - Crossunder oversold level and indicator >= oversold level and falling
Neutral - neither Buy nor Sell
Williams Percent Range
Buy - Crossover Oversold Level and Indicator < Oversold Level and rising
Sell - Crossunder Oversold Level and Indicator >= Oversold Level and falling
Neutral - neither Buy nor Sell
Momentum
Buy - Crossover 0 and indicator levels rising
Sell - Crossunder 0 and indicator values falling
Neutral - neither Buy nor Sell
Total Ratings
The numerical value of the rating "Sell" is 0, "Neutral" is 0 and "Buy" is 1. The total rating is calculated as the average of the ratings of the individual indicators and are determined according to the following criteria:
MaxCount = 12 (depending on whether other oscillators are added).
CompareSellStrong = MaxCount * 0.3
CompareMid = MaxCount * 0.5
CompareBuyStrong = MaxCount * 0.7
value <= CompareSellStrong - Strong Sell
value < CompareMid and value > CompareSellStrong - Sell
value == 6 - Neutral
value > CompareMid and value < CompareBuyStrong - Buy
value >= CompareBuyStrong - Strong Buy
Understanding the results
The Multi Trend Oscillator is designed so that its values fluctuate between 0 and currently 12 (maximum number of integrated indicators). Its values are displayed as a histogram with green, red and gray bars. The bars are gray when the value of the indicator is at half of the number of indicators used, currently 12. Increasingly saturated green bars indicate increasing values above 6, and increasingly saturated red bars indicate increasingly decreasing values below 6.
The table at the end of the histogram shows details (can be activated in the settings) about the overall rating and the individual indicators. Its color is determined by the rating value: gray for neutral, green for buy or strong buy, red for sell or strong sell.
The following alarms are triggered:
Multi Trend Oscillator: Sell
Multi Trend Oscillator: Strong Sell
Multi Trend Oscillator: Buy
Multi Trend Oscillator: Strong Buy
RSI Failure Swings & AO DivergencesHello!
The script identifies RSI divergences, similar to other public scripts; however, RSI failure swings are also distinguished. When a failure swing is identified, the script calculates the highest RSI measurement (bottom failure swing) or the lowest RSI measurement (top failure swing) between the two RSI pivot points. A continually updating line is plotted at the "fail point" until it is penetrated for two sessions! In addition, the script displays the RSI fail point measurement. RSI bearish divergences are only distinguished when both RSI peaks form above 70. bullish divergences are only distinguished when both RSI troughs form below 30. Top failure swings require the initial RSI peak be above 70, the second RSI peak can form at any measurement. Bottom failure swings require the initial RSI trough be below 30, the second RSI trough can form at any measurement.
Included are Awesome Oscillator divergences. The indicator is a bit tricky; the oscillator does not incorporate an upper or lower extremity. Consequently, the script uses interpolated percentiles to characterize relatively high measurements and relatively low measurements. Bearish divergences that form within the 90th - 99th percentile are distinguished, and bullish divergences that form within the 1 - 10th percentile are distinguished. This can CERTAINLY be changed should you copy the source code and think of something better! For AO, white columns reflect a difference measurement >= 0; black bars reflect a difference measurement < 0
ADX+BB %B+AO+EMA Strategy [PineMyths] #2Indicator List
ADX (14,14)
Bollinger Bands %B (20,close,2)
Awesome Oscillator
EMA(5), EMA(21), EMA(50), EMA(200)
Strategy Rules and Conditions
LONG Side
EMA(5) > EMA(21)
EMA(50) > EMA(200)
BB %B > 0.75
ADX > 15
Awesome Oscillator > 2
SHORT Side
EMA(5) < EMA(21)
EMA(50) < EMA(200)
BB %B < 0.25
ADX > 15
Awesome Oscillator < -2
Stop: Fixed %2
Take Profit: Fixed %1
OS AO (P-unity MACD)This is both the Awesome Oscillator (AO) as described in New Trading Dimensions ( NTD , book by Bill Williams ), and the Profitunity MACD described in the first edition of Trading Chaos.
The calculation for both is the same. In this case I added the 5 day SMA which is the blue line. The difference between the blue line and the AO is the AC which is also described in NTD and is usually plotted in a different indicator (AC).
This is the base for the following signals:
Zone Bar
2nd Wise Man
The signals are triggered and shown on the main chart screen through the use of OS Alligator . This indicator (AO) provides further insight in analyzing those signals by reading the AO, its current position and evolution directly.
Rainbow Indicator - Polfwack ProThis is a reverse engineered completely free Version of an Indicator that you would normally have to spend huge amounts of money on. I personally believe that no one should pay a fortune for access to an Indicator that contains huge amounts of freely available stuff.
This indicator claims to be even better than Market Cipher. Turns out it uses - just as Market Cipher, freely available Indicators and puts them in a nice looking package. I packed in as much as it made sense, the original Indicator is visually very cluttered with - in my opinion, too much random stuff that I have left out for a cleaner look, for example the truckload of entry signals, MFI and that Autotrendline feature that no one really needs because the human brain is way better at drawing lines.
Was is included? From top to bottom:
1st Bar -> Color coded RSI status. It shows Oversold and Overbought, Bullish, Hidden Bullish, Bearish and Hidden Bearish Divergences.
2nd Bar -> Color coded Market Structure Analyser. It shows if the market is currently ranging, bullish or bearish based on calculated pivots and outbreaks of said pivots. Bullish and Bearish breaks are also being printed.
Main Oscillator -> An Awesome Oscillator (AO) that prints bullish, hidden bullish, bearish and hidden bearish divergences as well as positive and negative Pivot Points.
Bollinger Bands -> They are following the AO and are color coded to the long term trend indicator for less visual clutter.
Secondary Oscillator -> Accelerator Oscillator (AC).
3rd Bar -> Color coded longer term trend indicator, it mirrors the color code on the Bollinger Bands. The original uses an ATR-based calculation, but I found a Kumo cloud to be more simple and more reliable for this kind of thing.
4th Bar -> Color coded mirror of the Accelerator Oscillator.
I tried to make the whole Indicator as adjustable as possible, most of the variables can be edited to your liking.
On the internet you can find all sorts of strategies for every single of the included indicators.
I hope that I have saved you at least some money. Good luck.
