MACD Crossover MultiframePAKDAV – MACD Multiframe Bicolor con Alertas** **PAKDAV** es un potente indicador multitemporal diseñado para mostrar los cruces del MACD en **4 temporalidades clave**, con colores bicolores personalizables que facilitan la identificación visual de las mejores oportunidades del mercado.
Breadth Indicators
Option Value/Time Value DifferenceThis indicator calculates and visualizes the difference between two option contracts (either their time value or option value) based on a user-selected underlying instrument (e.g., NIFTY 50). It fetches real-time data for the underlying and the two specified options, computes their intrinsic and time values, and plots either the time value or option value (ask price) along with their difference. A customizable table displays key details, including strike prices, option types (Call/Put), and the selected values, with a dark mode option for better visibility.
Key Features:
Flexible Plotting: Choose to plot and display either the Time Value (option price minus intrinsic value) or the Option Value (ask price) for two option strikes.
Difference Calculation: Plots the difference between the two options’ selected values (time value or option value) as a distinct line.
Dynamic Table: Shows strike prices, option types (CE/PE), and the selected values (time value or option value) for both options, plus their difference.
Dark Mode Support: Toggle between light and dark themes for the table display.
Real-Time Data: Uses TradingView’s request.security to fetch live prices for the underlying and options.
Use Case:
This script is ideal for options traders who want to compare two strikes (e.g., a Call and a Put, or two Calls/Puts at different strikes) and analyze their time value or option value differences in real-time. It’s particularly useful for strategies like spreads, straddles, or strangles.
How to Use
Add to Chart:
Open TradingView, go to the Pine Editor, paste this script, and click “Add to Chart.”
Configure Inputs:
Underlying Instrument: Enter the symbol of the underlying asset (e.g., NSE:NIFTY for NIFTY 50).
Option Instrument 1: Enter the symbol of the first option (e.g., NSE:NIFTY250327C24000 for a Call expiring March 27, 2025, at strike 24000).
Option Instrument 2: Enter the symbol of the second option (e.g., NSE:NIFTY250327C24500 for a Call at strike 24500).
Plot Type: Select either Time Value (default) or Option Value to determine what is plotted and displayed.
Dark Mode: Check this box to switch the table to a dark theme (default is light).
Interpret Outputs:
Chart Lines:
Blue Line: Value of the first option (time value or option value, based on selection).
Red Line: Value of the second option.
Purple Line: Difference between the two options’ values.
Table (Middle-Left Position):
Row 1: Strike price and type (CE/PE) of the first option.
Row 2: Strike price and type of the second option.
Row 3: Selected value (time value or option value) of the first option.
Row 4: Selected value of the second option.
Row 5: Difference between the two options’ values.
Adjust Settings:
Modify the input symbols or plot type via the indicator’s settings to suit your analysis needs.
Inputs
Underlying Instrument (Symbol, Default: NSE:NIFTY):
The ticker symbol of the underlying asset (e.g., NIFTY 50 index).
Option Instrument 1 (Symbol, Default: NSE:NIFTY250327C24000):
The ticker symbol of the first option contract. Must follow a format like NSE:NIFTY (e.g., Call at 24000).
Option Instrument 2 (Symbol, Default: NSE:NIFTY250327C24500):
The ticker symbol of the second option contract (e.g., Call at 24500).
Plot Type (String, Options: Time Value, Option Value, Default: Time Value):
Choose whether to plot and display the Time Value (option price minus intrinsic value) or the Option Value (ask price).
Dark Mode (Boolean, Default: false):
Enable for a dark-themed table; disable for a light theme.
Outputs
Plotted Lines:
Value 1 (Blue): Time value or option value of the first option, depending on the Plot Type.
Value 2 (Red): Time value or option value of the second option.
Difference (Purple): The difference between Value 1 and Value 2 (e.g., Time Value 1 - Time Value 2).
Table Display:
Strike prices and option types (Call/Put) for both options.
Selected values (time value or option value) for each option.
The difference between the two options’ selected values.
Session Breaks, Market OpenSimple day breaker. Market Open with dashed lines for day and weekly breaks. Enjoy everyone!! Trade Safe Lads
SENCER Matic (PRO)Pozitif ve negatif sinyaller içeren bir indikatördür uzman ekipler tarafından uydurulmuştur.
Price Action and Key LevelsThe Price Action and Key Levels indicator is a powerful tool designed to help traders identify key price action patterns and significant support/resistance levels on their charts. It automatically detects swing highs and swing lows based on a user-defined lookback period and plots dynamic support and resistance levels. This indicator is ideal for traders who rely on price action and key levels for making informed trading decisions.
*Dynamic Live Update with Four-Color Candles* Dynamic Live Label Update & Charting System with Four-Color Candles
This advanced trading system is designed to help traders visualize market structure, momentum shifts, and institutional activity in real time. By integrating Accumulation/Distribution, Swing High/Low levels, and Order Blocks into a four-color candle setup, it provides clearer insights into price action beyond traditional indicators.
Four-Color Candle System
Instead of relying only on standard red/green candles, this system highlights hidden market behavior:
Blue (Swing High / Accumulation & Bullish Order Flow)
Yellow (Swing Low / Distribution & Bearish Order Flow)
Red (Traditional Bearish Candles) → Standard bearish price movement.
Green (Traditional Bullish Candles) → Standard bullish price movement.
Key Features
Advanced Charting System
✔ Swing High/Low Candles – Identifies key support and resistance levels.
✔ Accumulation/Distribution Labels (ADL) – Tracks volume flow and market sentiment.
✔ Order Blocks (Bullish/Bearish) – Marks institutional buying/selling zones.
✔ Four-Color Candle System – Reveals hidden activity for better entry/exit decisions.
Bearish & Bullish Trend Analysis
✔ EMA-Based Trend Signals – Uses EMA 50/100 crossovers to detect trend shifts.
✔ Momentum Confirmation – Works with volume-based indicators to confirm trade setups.
Dynamic Label Updates (Live Metrics)
✔ Rolling Delta Volume (15-minute adjustable window) – Measures short-term order flow.
✔ Cumulative Delta Volume (1-hour adjustable window) – Tracks long-term volume imbalances.
✔ MFI (Money Flow Index) –Volume Weighted
✔ Swing High/Low Signal – Highlights areas of buyer/seller dominance.
• Customizable Toggles – Traders can enable/disable features like ADL, Order Blocks and SH/SL as needed.
How It Works
The script combines multiple indicators into one system:
✅ When EMA 50 crosses above EMA 100 → Bullish Bias signal
✅ When EMA 50 crosses below EMA 100 → Bearish Bias signal
✅ Live volume & delta metrics adjust in real-time to reflect market sentiment.
This system allows traders to make faster, more informed decisions by removing noise and focusing on live market dynamics rather than outdated static indicators.
Disclaimer
Important Notice:
This indicator is designed for informational and educational purposes only. The display, visualization, and formatting are uniquely developed for enhanced market analysis.
Ownership & Rights:
• The underlying trading logic, calculations, and methodologies may be derived from publicly available or proprietary sources and remain the intellectual property of their respective owners.
• The graphical representation, live label update system, and four-color candle structure are custom design elements intended to improve user experience.
• This script does not provide financial advice. Use at your own risk.
By using this indicator, you acknowledge that trading involves risk and that no system can guarantee profits. Always conduct your own research before making any financial decisions.
CBA PredictorPredicts by default 5 bars ahead. Uses a default lookback for calculations of 25 past bars, user can change look back period. User can change Fast and Slow moving averages. The predictor uses past data to predict forward data. The lookback data point default of 25 can be adjusted. When the value is less, example 10, it will be highly more accurate than default. Any comments or suggestions, let me know.
Accumulation & Breakout Detectorاستراتيجية كشف التجميع والاستعداد للانطلاق
الوصف العام:
تهدف هذه الاستراتيجية إلى اكتشاف الأصول المالية (الأسهم أو العملات الرقمية) التي تمر بمرحلة التجميع، حيث يتحرك السعر في نطاق ضيق مع انخفاض في حجم التداول، مما يشير إلى احتمال قرب حدوث انطلاق صعودي. بمجرد تحقق شروط معينة، تعطي الاستراتيجية إشارة تفيد بأن الأصل المالي جاهز للخروج من التجميع والانطلاق في اتجاه صاعد.
شروط التجميع (Accumulation Phase):
تشير مرحلة التجميع إلى فترة يتم فيها تكديس الأصول من قبل المستثمرين الكبار قبل التحرك الكبير. تحدث إشارات التجميع عندما تتحقق الشروط التالية:
السعر يتحرك داخل نطاق ضيق بين الحد العلوي والسفلي لمؤشر بولينجر باند.
السعر أقل من المتوسط المتحرك 50 والمتوسط المتحرك 200، مما يدل على وجود اتجاه هابط أو فترة تكديس.
مؤشر القوة النسبية (RSI) أقل من 40، مما يشير إلى التشبع البيعي واحتمالية حدوث انعكاس قريب.
حجم التداول أقل من متوسط حجم التداول (50 شمعة) بنسبة 1.2، مما يدل على انخفاض الاهتمام بالأصل قبل الحركة القوية.
عند تحقق هذه الشروط، يظهر نقطة زرقاء على المخطط، مما يشير إلى أن الأصل المالي قد يكون في مرحلة تجميع.
شروط قرب الانطلاق (Breakout Readiness Phase):
عند انتهاء مرحلة التجميع، يدخل الأصل المالي في مرحلة الاستعداد للانطلاق، والتي تحدث عند تحقق الشروط التالية:
السعر يخترق المتوسط المتحرك 50، مما يدل على بداية اتجاه صعودي.
حجم التداول يرتفع فوق متوسط حجم التداول (50 شمعة) بنسبة 1.5، مما يشير إلى دخول سيولة قوية.
مؤشر القوة النسبية (RSI) يتجاوز 50، مما يعكس تحسن الزخم الصعودي.
عند تحقق هذه الشروط، تظهر نقطة خضراء على المخطط، مما يشير إلى أن الأصل المالي جاهز للانطلاق.
كيفية استخدام الإشارات؟
النقاط الزرقاء تعني أن الأصل المالي في مرحلة تجميع محتملة، وقد يكون من المناسب مراقبته استعدادًا لحركة قادمة.
النقاط الخضراء تعني أن الأصل المالي جاهز للخروج من التجميع وقد يكون في طريقه للانطلاق الصعودي.
يمكن استخدام هذه الإشارات مع أدوات تحليل إضافية مثل مستويات الدعم والمقاومة، النماذج السعرية، أو المؤشرات الأخرى لتأكيد القرار قبل التداول.
🚀 هذه الاستراتيجية مفيدة للمتداولين الذين يبحثون عن فرص دخول مبكرة في الاتجاهات الصاعدة بعد انتهاء فترات التجميع.
Accumulation & Breakout Detection Strategy
General Description:
This strategy aims to identify financial assets (stocks or cryptocurrencies) that are in an accumulation phase, where price moves within a narrow range with low trading volume, signaling a potential breakout. Once certain conditions are met, the strategy provides an alert indicating that the asset is ready to break out and move upward.
Accumulation Phase Conditions:
The accumulation phase occurs when large investors accumulate assets before a significant price move. The strategy detects accumulation when the following conditions are met:
Price moves within a narrow range between the upper and lower Bollinger Bands.
Price is below both the 50-period and 200-period moving averages, indicating a downtrend or consolidation.
Relative Strength Index (RSI) is below 40, suggesting an oversold condition with a possible reversal.
Trading volume is less than 1.2 times the 50-period average volume, indicating weak activity before a strong move.
When these conditions are met, a blue dot appears on the chart, signaling a potential accumulation phase.
Breakout Readiness Phase Conditions:
Once the accumulation phase ends, the asset enters the breakout readiness phase, which occurs when the following conditions are met:
Price breaks above the 50-period moving average, signaling the start of an uptrend.
Trading volume increases above 1.5 times the 50-period average volume, indicating strong liquidity inflow.
RSI rises above 50, reflecting positive momentum and increasing bullish strength.
When these conditions are met, a green dot appears on the chart, indicating that the asset is ready for a breakout.
How to Use the Signals?
Blue dots indicate that the asset is in a potential accumulation phase, suggesting it may soon break out.
Green dots indicate that the asset is ready to break out and move upward.
These signals can be combined with additional technical analysis tools such as support/resistance levels, chart patterns, or other indicators for confirmation before making a trade.
🚀 This strategy is useful for traders looking for early entry points in uptrending markets following accumulation phases.
Kaufman Adaptive Moving Average (KAMA)A Média Móvel Adaptativa de Kaufman (KAMA) é um indicador técnico desenvolvido por Perry J. Kaufman em 1998. Diferentemente das médias móveis tradicionais, que atribuem pesos fixos aos dados, a KAMA ajusta dinamicamente sua sensibilidade às variações de preço, tornando-se mais responsiva em mercados com tendência definida e menos sensível em períodos de alta volatilidade ou movimentos laterais. 
Smart AI Investment PredictorOverview
The "Smart AI Investment Predictor" is a cutting-edge market analysis tool that leverages the power of Artificial Intelligence (AI) to provide real-time, in-depth insights for smarter trading and investment decisions. By integrating advanced AI technology, this indicator delivers highly accurate predictions and actionable signals, helping you stay ahead of market trends and identify potential trading opportunities with confidence.
Key Highlights of AI Integration
Unmatched Accuracy:
Utilizes AI to analyze complex market data in real-time, ensuring highly accurate price trend predictions.
Reduces false signals and enhances the reliability of trading signals.
Deep Market Analysis:
AI processes multi-dimensional data, including price, volume, and market volatility, to provide a comprehensive view of market conditions.
Identifies future trends and potential price movements using statistical analysis and market behavior patterns.
Real-Time Insights:
Delivers real-time data and signals, ensuring you always have the most up-to-date information.
Adapts quickly to new data, keeping up with ever-changing market conditions.
Future Trend Predictions:
AI-powered future trend lines predict potential price movements, support, and resistance levels, helping you plan your trades in advance.
Provides a forward-looking perspective to optimize your trading strategy.
Adaptive Learning:
Automatically adjusts analysis parameters to suit current market conditions, eliminating the need for manual fine-tuning.
Continuously learns from new data to maintain high accuracy and relevance.
Core Features
Trend Analysis: AI-driven analysis to predict future price trends based on deep market insights and statistical models.
Key Level Identification: Detects potential support, resistance, and demand/supply zones that may emerge in the future.
Trading Signals: Generates precise and reliable buy/sell signals with real-time alerts.
Customizable Settings: Allows users to adjust parameters to align with their trading style and preferences.
Who Is It For?
Investors Seeking Precision: Ideal for those who demand accurate and reliable tools to support their investment decisions.
Traders Needing Deep Insights: Perfect for traders who require in-depth analysis and timely trading signals.
Forward Planners: Suitable for individuals who want to anticipate future market trends and plan their trades accordingly.
Benefits
AI-Powered Accuracy: AI ensures highly accurate and trustworthy analysis, giving you an edge in the market.
Real-Time Adaptability: Provides real-time data and adapts to market changes, ensuring you’re always informed.
User-Friendly: Despite its advanced technology, the indicator is easy to use for traders of all experience levels.
Conclusion
The "Smart AI Investment Predictor" is a powerful market analysis tool that combines AI technology with real-time data processing to deliver accurate predictions and actionable insights. With its ability to analyze deep market trends and forecast future movements, this indicator empowers you to make smarter trading decisions and maximize your profit potential. Stay ahead of the market with the precision and intelligence of AI.
Price Action Strategy - Engulfing with Trailing SLThis strategy:
Entry signals:
Bullish and bearish engulfing candle patterns
Optional volume filter (requires higher than average volume)
Optional trend filter (uses 50 EMA direction)
Optional RSI filter (buys oversold, sells overbought)
Exit mechanisms:
Trailing stop-loss based on percentage from current price
ATR-adjusted trailing to adapt to market volatility
Risk management:
ATR-based stop placement
Dynamic trailing that follows price momentum
Footprint Chart by Th16rryDescription of the "Footprint Chart" Indicator
This indicator is an approximation of a true **Footprint Chart** adapted for TradingView, which does not provide access to tick-by-tick data or detailed order book information. It relies on **heuristics** to estimate the distribution of volume between buyers and sellers for each candlestick.
Key Features:
- Estimation of Buy/Sell Volume:
The indicator splits the total volume of a candlestick into two parts based on the candle's nature:
- For a bullish candle (close > open), it assumes that **60% of the volume** is executed on the ask (buys) and **40% on the bid** (sells).
- For a bearish candle (close < open), the estimation is reversed (40% buys, 60% sells).
- For a neutral candle (close = open), the volume is evenly distributed at 50% for each side.
- Calculation of a Simplified Delta:
The delta is defined as the difference between the estimated buy volume and sell volume. This delta helps quickly identify the dominant market pressure—positive for buyer dominance and negative for seller dominance.
- Visual Display:
- A label is placed on each candlestick displaying the delta value, with a green background for a positive delta (indicating buying pressure) and red for a negative delta (indicating selling pressure).
- A table in the top-right corner of the chart summarizes the estimated volumes for the current candle: buy volume, sell volume, and total volume.
#### How to Use the Indicator:
- Analyzing Buy/Sell Pressure:
By observing the label's color and the delta value, a trader can quickly assess whether the market shows a dominant buying or selling pressure during a given candle.
- Complementing Other Tools:
This indicator can be used alongside other technical analysis tools, such as the Volume Profile or trend indicators, to gain a more comprehensive understanding of market behavior.
- Supporting Decision Making:
By providing a visual estimate of the volume distribution, it can help identify divergences between price movement and volume activity, which may signal potential reversals or confirm ongoing trends.
Limitations:
- Heuristic Approximation:
The method of volume distribution is based on simple assumptions and does not reflect the actual order flow, which would require tick-by-tick data to be accurately represented.
- Data Limitations on TradingView:
Due to TradingView’s restrictions on accessing detailed order book data, this indicator can only approximate a Footprint Chart and does not replace specialized tools.
In summary, the "Footprint Chart" indicator provides a visual and quick estimation of the volume distribution between buyers and sellers for each candlestick, offering valuable insights into order flow dynamics while remaining aware of its heuristic limitations.
Three Highs & Three Lows (Last 50 Candles) - Thicker Linesthis indicator shows three highs and three lows by analysis last 50 candles
Scalping Strategy//@version=5
strategy("Scalping Strategy", overlay=true)
// Indicators
ma50 = ta.sma(close, 50)
ema20 = ta.ema(close, 20)
ema200 = ta.ema(close, 200)
rsi = ta.rsi(close, 14)
osc = ta.stoch(close, high, low, 14)
vol = volume
// Trend Confirmation
bullishTrend = ema20 > ema200 and close > ma50
bearishTrend = ema20 < ema200 and close < ma50
// RSI Divergence Detection
rsiOverbought = rsi > 70
rsiOversold = rsi < 30
// Oscillator Confirmation
oscBull = osc < 20
oscBear = osc > 80
// Volume Confirmation
highVolume = vol > ta.sma(vol, 20)
// Entry Conditions
buySignal = bullishTrend and rsiOversold and oscBull and highVolume
sellSignal = bearishTrend and rsiOverbought and oscBear and highVolume
// Execute Trades
if buySignal
strategy.entry("Buy", strategy.long)
if sellSignal
strategy.entry("Sell", strategy.short)
// Plot indicators
plot(ma50, color=color.blue, title="MA 50")
plot(ema20, color=color.green, title="EMA 20")
plot(ema200, color=color.red, title="EMA 200")
Merged Trading Script [BigBeluga]Merger Of two pole oscillator and Volumatic variable dynamic average to create perfect sell and buy signals
Turtle Trading Mejorado para BTC 1Hturtle trading adapated to 1h
Canales Donchian:
Entrada: Periodo de 20 para detectar rupturas (largas y cortas).
Salida: Periodo de 10 para cerrar posiciones.
ATR (Average True Range):
Periodo de 14 para medir volatilidad y calcular el tamaño de las posiciones.
Gestión de Riesgo:
Riesgo por operación: 2% del capital.
Máximo de 4 unidades por posición.
Condiciones de Entrada:
Larga: Precio alto supera el máximo de 20 periodos.
Corta: Precio bajo cae por debajo del mínimo de 20 periodos.
Condiciones de Salida:
Larga: Precio bajo cae por debajo del mínimo de 10 periodos.
Corta: Precio alto supera el máximo de 10 periodos.
Añadir Unidades:
Se añaden unidades si el precio se mueve 0.5 ATR a favor, hasta 4 unidades.
Stop Loss:
Dinámico, basado en 2 ATR desde el precio de entrada.
FVG, Supply/Demand, Order Blocks with Volume & RSI Divergenceits a beginners analysis of using different strategies
CVD with Moving Averageuses the past x number of candles candleLength to get the average delta. Has the option of using cumulative instead if uncommented.
Supertrend Multiple ATR & Moving AveragesSupertrend Multiple ATR & Moving Averages Indicator
The Supertrend Multiple Settings indicator is a versatile and powerful trend-following tool designed to help traders identify and trade with the prevailing market direction. This custom indicator offers three separate Supertrend configurations (each using different ATR periods and multipliers), providing multiple perspectives on market trends. The indicator is ideal for traders who seek to capture trend reversals and follow the direction of the market using dynamic and responsive signals.
Key Features:
Multi-Timeframe Supertrend Calculations:
This indicator calculates and plots three Supertrend lines, each based on a unique combination of ATR period and multiplier.
Supertrend 1 (Green Line): Period 12, Multiplier 3.0
Supertrend 2 (Blue Line): Period 10, Multiplier 1.0
Supertrend 3 (Purple Line): Period 11, Multiplier 2.0
Each Supertrend configuration is plotted separately, providing multiple trend perspectives.
Trend Visualization:
Uptrends are highlighted using green, blue, and purple lines for each Supertrend setup.
Downtrends are marked with red lines, making it easy to spot trend reversals and price action dynamics.
Buy and Sell Signals:
Buy signals are generated when the trend switches from a downtrend to an uptrend.
Sell signals are generated when the trend switches from an uptrend to a downtrend.
These signals are represented visually using upward and downward labels on the chart, with color-coded signals for easy identification.
Highlighter:
The indicator offers a highlighting feature that colors the background based on the trend direction. The fill color:
Green indicates an uptrend.
Red indicates a downtrend.
This feature helps traders easily recognize market conditions without cluttering the chart.
Alerts:
Alert conditions are included for traders to receive notifications when:
A buy signal occurs (when the trend switches to an uptrend).
A sell signal occurs (when the trend switches to a downtrend).
The trend direction changes (from up to down or down to up).
Alerts provide real-time notifications to stay updated on key market movements.
How to Use:
Trend Following: The Supertrend Multiple Settings Indicator is primarily used to follow market trends. When the price is above the Supertrend line, it indicates a bullish trend, and when the price is below, it signals a bearish trend.
Trade Entry Signals:
Look for buy signals when the trend shifts from bearish to bullish.
Look for sell signals when the trend shifts from bullish to bearish.
Trend Confirmation: The indicator allows traders to choose the Supertrend configuration that best suits their trading style. Using multiple Supertrend setups provides additional confirmation for trade decisions.
Background Highlighting: Use the highlighting feature to quickly assess whether the market is in an uptrend or downtrend, providing an intuitive visual cue.
Ideal for:
Traders who want to follow trends and enter on reversals.
Trend-following traders who prefer using multiple ATR settings to get varying perspectives on market direction.
Traders who appreciate visual cues and alerts to monitor market conditions without the need for constant chart analysis.
Supertrend Multiple Settings with Moving AveragesSupertrend Multiple Settings Indicator
The Supertrend Multiple Settings indicator is a versatile and powerful trend-following tool designed to help traders identify and trade with the prevailing market direction. This custom indicator offers three separate Supertrend configurations (each using different ATR periods and multipliers), providing multiple perspectives on market trends. The indicator is ideal for traders who seek to capture trend reversals and follow the direction of the market using dynamic and responsive signals.
Key Features:
Multi-Timeframe Supertrend Calculations:
This indicator calculates and plots three Supertrend lines, each based on a unique combination of ATR period and multiplier.
Supertrend 1 (Green Line): Period 12, Multiplier 3.0
Supertrend 2 (Blue Line): Period 10, Multiplier 1.0
Supertrend 3 (Purple Line): Period 11, Multiplier 2.0
Each Supertrend configuration is plotted separately, providing multiple trend perspectives.
Trend Visualization:
Uptrends are highlighted using green, blue, and purple lines for each Supertrend setup.
Downtrends are marked with red lines, making it easy to spot trend reversals and price action dynamics.
Buy and Sell Signals:
Buy signals are generated when the trend switches from a downtrend to an uptrend.
Sell signals are generated when the trend switches from an uptrend to a downtrend.
These signals are represented visually using upward and downward labels on the chart, with color-coded signals for easy identification.
Highlighter:
The indicator offers a highlighting feature that colors the background based on the trend direction. The fill color:
Green indicates an uptrend.
Red indicates a downtrend.
This feature helps traders easily recognize market conditions without cluttering the chart.
Alerts:
Alert conditions are included for traders to receive notifications when:
A buy signal occurs (when the trend switches to an uptrend).
A sell signal occurs (when the trend switches to a downtrend).
The trend direction changes (from up to down or down to up).
Alerts provide real-time notifications to stay updated on key market movements.
How to Use:
Trend Following: The Supertrend Multiple Settings Indicator is primarily used to follow market trends. When the price is above the Supertrend line, it indicates a bullish trend, and when the price is below, it signals a bearish trend.
Trade Entry Signals:
Look for buy signals when the trend shifts from bearish to bullish.
Look for sell signals when the trend shifts from bullish to bearish.
Trend Confirmation: The indicator allows traders to choose the Supertrend configuration that best suits their trading style. Using multiple Supertrend setups provides additional confirmation for trade decisions.
Background Highlighting: Use the highlighting feature to quickly assess whether the market is in an uptrend or downtrend, providing an intuitive visual cue.
Ideal for:
Traders who want to follow trends and enter on reversals.
Trend-following traders who prefer using multiple ATR settings to get varying perspectives on market direction.
Traders who appreciate visual cues and alerts to monitor market conditions without the need for constant chart analysis.