Dynamic Candle Balance Indicator (Binary)
Dynamic Candle Balance Indicator
The Dynamic Candle Balance Indicator is a powerful tool designed to identify imbalances in candle colors on a chart, which can indicate potential reversals or changes in market direction. This indicator is specifically developed for traders operating on short timeframes, such as 1-minute candles, and is particularly useful for identifying opportunities in binary options.
How to Use:
Set Parameters
Initial Position: Specify the number of initial candles to be considered for calculation.
Count: Determine the total number of candles to be analyzed, including the initial position.
Interpret Results:
Green: Indicates the number of bullish candles (where the closing price is higher than the opening price).
Red: Indicates the number of bearish candles (where the closing price is lower than the opening price).
Absent: Indicates the number of candles that were not considered due to the selected interval.
Performance Analysis:
The indicator calculates the percentage of green and red candles relative to the total number of analyzed candles, providing insights into market balance or imbalance.
Identify Trading Opportunities:
Significant imbalances between candle colors can indicate potential reversals or changes in market direction.
Traders can use this information to make informed decisions about their trading strategies, such as identifying entry or exit points.
Example:
In the last 40 candles, there were 13 green candles and 27 red candles, indicating a higher likelihood of the next candle being green.
Usage Tips:
The indicator is most effective when used on a 1-minute timeframe for binary options trading, especially during periods of high imbalance.
Adjust the parameters according to your trading strategy and the timeframe being analyzed.
Combine the Dynamic Candle Balance Indicator with other technical analysis tools to confirm trading signals.
Legal Disclaimer:
This indicator is provided for educational and informational purposes only. It represents a theory and should be used as part of a comprehensive trading strategy. Past performance is not indicative of future results. Traders should always conduct their own analysis before making trading decisions.
Try out the Dynamic Candle Balance Indicator and leverage its functionalities to identify trading opportunities on short-term charts, especially in 1-minute timeframes for binary options trading during periods of high imbalance. Remember to test the indicator on a practice account before using it on a real account.
Binary
Binary Option Strategy Tester with Martingale-Basic V.2In Binary options, strategy testing is a bit different. The strategy result depends upon expiry intervals and payout ratio.
My previous script was a try to resolve this but has some bugs in specific choices. The new version overcame those and added some new features useful for binary option strategy testing.
Assumption:
We are opening position at next candle after signal come
Chart interval is option expiry time.
We are taking the position at opening price
Our call will be profitable if we get a green candle and put will be profitable if we get a red candle
We can open only one trade at a time. So if we are in trade, subsequent signals will be ignored.
All Input Options:
Test Call/Put individually or both. Default BOTH
Select up to 5 Martingale levels. Default 2
Type of Martingale Trade. Default “SAME”
“SAME”: If you are trading CALL and incur a loss, you are taking CALL in subsequent Martingale levels.
“OPSITE”: if you are trading CALL and incur a loss, you are taking PUT in subsequent Martingale levels.
“FOLLOW CANDLE COLOR”: You are following candle color in Martingale levels, i.e if the loss candle is RED, you are taking PUT in subsequent candles.
“OPPOSITE CANDLE COLOR”: You are taking opposite candle color trade, i.e if the loss candle is RED, you are taking CALL in subsequent candle.
Select Specific Trading Session. Please select “USE SPECIFIC SESSION”. Default: TRUE
Put the investment amount per option. Default: 10
Payout ratio. Default: 80%
The strategy is taken from Vdub Binary Options SniperVX v1 (by @vdubus). I have deleted extra parts and kept only the necessary parts.
Result Table
Signal and Win Levels:
Signal and Loss:
Please note that Binary options trading is very risky. You must be aware of the risk and be willing to accept them in order to invest in binary options. Only invest what you can afford to lose. The past performance of any trading system, strategy, or methodology is not necessarily indicative of future results.
Binary Option Strategy Tester with MartingaleIn Binary options, strategy testing is a bit different. The script is just a try to test Binary options strategies.
Assumption:
We are opening position at next candle after signal come
We are taking the position at opening price
Our call will be profitable if we get a green candle and put will be profitable if we get a red candle
We can open only one trade at a time. So if we are in trade, subsequent signals will be ignored.
The script is not counting your profit or loss, it just counting the winning and losing trades.
Input Options:
Choose long only or short only test. Default is both.
You can continue your trade with Martingale Level, up to 5. Default is 1 (no Martingale)
You can choose Martingale trade type
SAME: if call subsequent trade will be call only and vice versa
OPPOSITE: if call subsequent trade will be put
FOLLOW CANDLE COLOR: Subsequent trade will follow previous candle color
OPPOSITE CANDLE COLOR: Subsequent trade will opposite of previous candle color
You can choose trading session to test. Default is false.
The strategy is taken from Vdub Binary Options SniperVX v1 (by @vdubus) . I have deleted extra parts and kept only the necessary part.
Without Martingale
Result Table
With Martingale
I am very new to Pine script, so waiting for your comments and review.
I Ching Hexagrams Part 2IMPORTANT!
Get the other indicator I Ching Hexagrams Part 1 for the full set!
Here is the first half of the I Ching's hexagrams.
Each candle generates a hexagram at close, based on that candle and the previous 5.
A green candle is yang and a red candle is yin.
In this way, price action generates a hexagram.
Use this to generate a hexagram for the day or even to find interesting patterns to trade.
Have fun!
I Ching Hexagrams Part 1IMPORTANT!
Get the other indicator I Ching Hexagrams Part 2 for the full set!
Here is the first half of the I Ching's hexagrams.
Each candle generates a hexagram at close, based on that candle and the previous 5.
A green candle is yang and a red candle is yin.
In this way, price action generates a hexagram.
Use this to generate a hexagram for the day or even to find interesting patterns to trade.
Have fun!
Technical Ratings Pro - Pump WaveThis script uses the built in Technical Ratings indicator but interprets the data visually. It plots the results for "total", "MA" and "other" as pump waves. It uses MA to plot a trend line (can be turned off in settings) . Candles are colored to the rating strength and a percentage number was added to the results. For more informations on the Technical Ratings indicator please refer to official documentation.
Price MovementPrice indicator that shows the trend based on price movement.
The indicator determinants when an asset price is getting higher or lower by comparing the previous price highs and lows to the current price.
==Explanation==
In case current HL2 exceeds the previous HL2 HIGH then the columns will turn green.
In case current HL2 fails the previous HL2 LOW then the columns will turn red.
The trick here is that the trend CONTINUES to show the greens and reds, until a reversal happens to the opposite side.
This can be used to determinate trends and reversals.
Note: Bar colors are disabled by default.
You can set the lookback period at the indicator settings as well as the asset source (HL2,CLOSE, etc..). default is HL2
Quote that i like: “It is impossible to produce superior performance unless you do something different from the majority.” – John Templeton
Enjoy and like if you like :)
BO - CCI Arrow with AlertBO - CCI Arrow with Alert base on CCI indicator to get signal for trade Binary Option.
Rules of BO - CCI Arrow with Alert below:
A. Setup Menu
1. cciLength:
* Default CCI lenght = 14
2. Linear Regression Length:
* Periods to calculate Linear Regression of CCI,
* Default value = 5
3. Extreme Level:
* Default top extreme level = 100
* Default bottom extreme level = -100
4. Filter Length:
* Periods to define highest or lowest Linear Regression
* Default value = 6
B. Rule Of Alert Bar
1. Put Alert Bar
* Current Linear Regression Line created temporrary peak
* Peak of Linear Regression Line greater than Top Extreme Level (100)
* Previous Linear Regression is highest of Filter Length (6)
* Previous Linear Regression is greater than previous peak of Linear Regression Line
* Current price greater than previous low
* CCI(14) less than Linear Regression Line
2. Call Alert Bar
* Current Linear Regression Line created temporrary bottom
* Bottom of Linear Regression Line less than Bottom Extreme Level (-100)
* Previous Linear Regression is lowest of Filter Length (6)
* Previous Linear Regression is less than previous bottom of Linear Regression Line
* Current price less than previous lhigh
* CCI(14) greater than Linear Regression Line
B. Rule Of Entry Bar and Epiry.
1. Put Entry with expiry 3 bars:
* After Put Alert Bar close with signal confirmed, put Arrow appear, and after 3 bars, result label will appear to show win trade, loss trade or draw trade
2. Call Entry with expiry 3 bars:
* After Call Alert Bar close with signal confirmed, call Arrow appear, and after 3 bars, result label will appear to show win trade, loss trade or draw trade.
3. While 1 trade is opening no more any signal
C. Popup Alert/Mobile Alert
1. Signal alert: Put Alert or Call Alert will send to mobile or show popup on chart
2. Put Alert: only Put Alert will send to mobile or show popup on chart
3. Call Alert: only Call Alert will send to mobile or show popup on chart
Emulating binary operations and several values in one variableBinary operations and storing several numbers in one variable.
It's useful when you need to pass a values numbers to another study. Study-on-study (SOS) in Tradingview allows passing only one value, which is not always convinient. So if we put all those numbers in one - we can pass more values from one study to another.
In Pine we can use up to 52 bits for our data. Because of that we can put 6 1-byte (8-bit) values in one float. Or 12 4-bit values. Or 52 1-bit values.
BO - Bar M15 2/3 SignalBO - Bar M15 2/3 Signal show the signal to trade Binary Option with rule below:
A. Indicator
* Bollinger Band (20,2): avoid waterfall
B. Rule of Signal
1. Rule1: Split Bar M15 to 3 part and load them on M5 chart (recommend use M5 IDC chart)
2. Rule 2: Delay 10' after bar M15 open => wait for price's pattern
3. Rule 3: Put Signal row 30-32
* Delay 10' after bar M15 open.
* Direction of 1/3 and 2/3 Bar M15 is upward
* close of 2/3 Bar M15 below upper band Bb(20,2) on M5 chart => avoid strong buy
4. Rule 4: Call Signal row 36-38
* Delay 10' after bar M15 open.
* Direction of 1/3 and 2/3 Bar M15 is downward
* close of 2/3 Bar M15 above lower band Bb(20,2) on M5 chart => avoid strong sell
C. Recommend Expiry time: Bar M15 close
* We try to catch the shadow of Bar M15 but dont trade when price run on the upper or lower band of BB(20,2,M5)
BO - Bar M15 Signal* This script show the signal base on volatility of previous bar M15 to trade Binary Option.
* Rule of Signal is below:
A. Rule 1: Wait for prices created temporary peak and bottom
Row 18: 10 minutes till close
B. Rule 2: Reversal previous bar's direction
1. Put Signal - Row 22 - 25:
- Delay 5' after bar M15 open
- previous bar's direction is upward
- price less than previous close
- temporary bottom greater than previous open
2. Call Signal - Row 29 - 32:
- Delay 5' after bar M15 open
- previous bar's direction is downward
- price greater than previous close
- temporary peak less than previous open
C. Rule 3: Follow previous bar's direction
1. Put Signal - Row 37 - 40:
- Delay 5' after bar M15 open
- previous bar's direction is downward
- price greater than previous open
- temporary peak less than previous peak
2. Call Signal - Row 43 - 46:
- Delay 5' after bar M15 open
- previous bar's direction is upward
- price less than previous open
- temporary bottom greater than previous bottom
BO - KBSignalBO - KBSignal show Put or Call Signal inoder to trade Binary Option.
A. Indicators
1. Keltner Channel %K (indicator was published in my scripts)
2. OBV's %B (indicator was published in my scripts)
B. Rule of Signal
1. Rule 1: No Signal
- %K is the highest of 3 periods => Possible a Pivot High
- %K is the lowest of 3 periods => Possible a Pivot Low
- Previous %K is greater than or equal 0.8 => Touch Resistance Zone
- Previous %K is less than or equal 0.2 => Touch Support zone
2. Rule 2: Sell and Buy Zone depend on 2 Indicators mentioned in A
- Sell zone = %K<0.45 and Obv's %B <0.45
- Buy zone = %K>0.55 and Obv's %B >0.55
3. Rule 3: Put and Call Signal
- Put Signal = Sell zone and not No Signal
- Call Signal = Buy zone and not No Signal
C. Alert
1. Signal alert = Put Signal or Call Signal alert
2. Put alert = Put Signal alert
3. call alert = Call Signal alert
Function Decimal To Binary/Binary To DecimalNOTE: Experimental. Pinescript implementation of Decimal to Binary and Binary to Decimal that is intended for use in the development of a neural network proof of concept.
Intended for use in as subcomponent in the development of a more complex/highly experimental prototype.
Protection/logic for edge cases above 11111111/255 (8bits) is NOT implemented.
Do NOT use this in any trading system or component without edge case testing/unit tests.
// Decimal to Binary, Binary to Decimal Reference:
// diwasfamily.com
// www.wikihow.com
//
// www.khanacademy.org
Binary Options Tester w/ Vdubus money managementAdded implementation of vdubus's money management strategy to binary options tester. As before, the entry/exit strategy is just there for an example, modify go_down and go_up for your strategy as the short and long entry points. Also as before, do not use present variables (i.e. close, close , ema_6_min in the example) in go_up and go_down, as this is akin to having future information. Calling past forms of compound present variables (ema(close,6) ) is fine.
Binary Options Strategy Testing ScriptThis is a script for testing binary options trading strategies. To test a strategy, modify the 'go_down' or 'go_up' booleans. These SHOULD NOT access any current values (for example, 'ohlc4' or 'close '), or the backtesting will not be an accurate representation of the forward values.
Modify the fraction_return input to be the return rate of the option on success. This is assumed to be a true 100 or 0 option- i.e. if the choice is not correct, there is a 100% loss.
The strategy in place is merely an example, and as you can see, has a very negative rate of return when implemented as a strategy.
Please comment in your code if you use this in any future posts. Thanks!
Nadex Fx Volume Indicator Vv1By request
Nadex Fx Volume Indicator Vv1
Original source code & Credit goes to: Pip Foundry - Forex Market Volume from IDC
modified & replaced fx pairs to corrospond with Nadex spot/fx instruments // www.nadex.com
Vdub FX SniperVX2 Color v2FX SniperVX2 Color
Fully integrated Rejection spike
Directional coloured rejection zones
Swing Trade Hull ma
Support /Resistance levels
Re configured Pivot zones
Responsive trend directional buy / sell indicator
2 x Trend directional coloured EMA's
Sniper series
Vdub_BinaryBands_v1Combined 3 x Bollinger Bands With BUY & SELL zones
EMA,
Wma
SMA
Multiplier adjustment
Binary Option Arrows (example) [TheMightyChicken]An example of binary option arrows for candlestick patterns bearish and bullish harami. With results as colored background and an option to choose your expiration (one candle by default). It's just an example for those who has their own strategy and wants to make nice arrows in their chart. All you need to do is rewrite piece of script in lines 9:13 - feel free to ask me for any help, but I believe it's all clear.
Disclaimer: It's just an example how to script arrows for binary option and I am not responsible for any loss of money by using this particular strategy.
I wish happy and successful trading! ;)
