Support Resistance InteractiveHello All,
Using this "Support Resistance Interactive" script you can set the Support/Resistance levels interactively by clicking on the chart. Using the SR levels you set, the indicator creates Support Resistance zones. The width of the zones are calculated by using Threshold option and Threshold is the percent of the distance between Highest/Lowest levels in last 300 bars. if you set Threshold = 1 then it means 1% of the distance between Highest/Lowest levels. You can change SR levels by moving the level up/down by using your mouse anytime you want.
Now lets see it step by step;
After you added the indicator it will ask 5 Support/Resistance Levels and when you click any point then it's kept as S/R level and it asks another SR levels. if you want to use only 3 SR levels then last 2 SR levels are not important and you can click anywhere on the chart;
After you set all SR levels, it will ask "Number of Support/Resistance" . if you want to activate first 3 SR lines then set it 3. by default it's 5. when you set it click "Apply" and see the SR zones. that's it.
You can enable/disable alerts and set frequency, then create alerts. as it's interactive tool, the SR levels you set are specific for the current/active symbol. if you open another symbol then you better delete the indicator and add it again
Three Alerts exist in the script: Support Broken, Resistance Broken and Price in SR zone . you can enable/disable the alerts as you wish and you can set frequency for each one as "Once Per Bar" or "Once Per Bar Close"
by default Green/Red/Gray colors are used but You can change the colors using the options. according to the Price moves, SR zone colors are changed automatically.
when we have "Reset" feature to run the script interactively (like we added it for first time) I can update the script, then you will not need to delete/re-add each time you changed the symbol :)
In this example "Threshold" is 2 and "Number of Support/Resistance" is 4.
in this example "Threshold" is 0 and "Number of Support/Resistance" is 5.
Last example; Labels are shown for each zone, you can set location of the labels. SR order and Upper/lower band of each zone are shown in each label.
Enjoy!
Breadth Indicators
Market Traffic Light (redesigned)redesigned the market traffic light from funcharts, all honor to him, I just put a new design ;-) and some bugfixes
1. Section (Fear & Greed)
Approximation of the CNN Money Fear & Greed index based on code of user MagicEins. The index shows values between 0 (extreme fear, red) and 100 (extreme greed, green).
2. Section (warning signs)
VIX: Values above 20 are red and below green. The legend shows the value of the current bar including the change from the bar before. The average VIX is about 16. Values over 20 are a sign of stressed market.
Distribution days: A distribution day (loss to the day before > 0,2 % and higher volume ) is marked with a yellow dot. In case there are more than four distributions days within 25 markets days the dot is orange. When big players redistribute their investments distribution days can occur. If this is done often (more than four times within 25 market days) it is possible that the markets changes or that a sector rotation occurs. For calculation distribution days futures of S&P 500 ( ES1! ) and NASDAQ ( NQ1! ) are used because the volume for this calculation is needed. TradingView does not support volumes for S&P 500 or NASDAQ directly.
Markets: A green/red dot signals that the market is above/below its 25-Daily-EMA. A green/red square signals that the market is above/below its 25-Weekly-EMA. Markets can give as a feeling about where investors store their money. E.g. when markets are falling but DUX (Down Jones Utility Average) is rising this means that investors put their money into save haven. This can be a sign that the markets will fall more.
3. Section (panic signs, = signs of reaching a low within a correction of a crash)
VIX-Reversion: A VIX reversion day ( VIX > 20 & VIX high > VIX high of the day before & VIX high – VIX close > 3) is marked as a yellow dot
VVIX: A value equal or above 140 is marked with a yellow dot and shows absolute panic.
PCR Intra max: A value equal or above 1.4 is marked with a yellow dot.
New high/lows: New highs/lows are shown for AMEX, NYSE and NASDAQ. A yellow dot is shown if the ratio is less or equal than 0. 01 .
Down-Day: Down days are shown for AMEX, NYSE and NASDA. A yellow dot is shown if at least 90 % of the whole volume (up and down) is a down volume .
In Addition to the warning signs in the second section a check of the Advance Decline Line (NYSE and NASDAQ) for bullish and bearish divergences is useful. The whole set-up can be seen in the screenshot.
Only one signal normally does not give us a good prediction. Therefore we need to see these indication as a bundle. TradingView gives us the opportunity to check some striking market situations in the past. So feel free to test this indication for building up your own opinion.
Please feel free to comment in case of failures, improvements or experiences (good or bad).
waves and limitsEnglish:
This indicator helps to visualize the status and location of the price within its standard limits; as well as its trend and momentum.
Blue wave for long entries, Red wave for short entries.
As most Indicators have lag, you must be very aware of the price action to enter and exit the trades.
Español:
Este indicador ayuda a visualizar el estado y la ubicación del precio dentro de sus límites estándar; así como su tendencia e impulso.
Onda azul para entradas largas, Onda roja para entradas cortas.
Como la mayoría de los indicadores tienen retrasos, debe estar muy atento a la acción del precio para entrar y salir de las operaciones.
Ranging Market Detector [AstrideUnicorn]Determining if the market is in a trend or a range regime is a very complex problem. And knowing the answer can be, in some situations, the real holy grail. If the trader knows when the market is in a range regime, they can avoid overtrading and make moving average crossover strategies more profitable. A regime switch from a trend to a range can be a signal to close open positions. It can also be helpful when trading such instruments as short-term binary options. When the market is ranging directional moves are not expected, and the trader should be careful as opening a position in such conditions is, by some degree, a random outcome game. Range breakouts trading is one more example when knowing the market regime is critical.
We have created an indicator that predicts the current market regime. It smooths the price using the Kalman filter and analyzes the curve's slope. If the absolute value of the slope is low, then the market is in range mode and vice versa. To distinguish between the two regimes, the algorithm compares the absolute value of the slope with its long-term average.
HOW TO USE
The indicator shows the difference between the absolute slope value and its long-term average as a histogram. When a bar of the histogram is higher than the threshold level presented by the red line, the market is in a trending regime. In this regime, the background of the indicator is blue. When the market is in a range regime, the indicator background turns red.
The threshold level helps to control the lag. The greater it is, the more lagging the indicator will be. By default, this value is set to a negative value. It means that the indicator switches from range to trend a little bit earlier than the slope gets higher than the average slope. You can use the value of zero or low negative values to find the optimal tradeoff between the strength of the signals and their lag.
SETTINGS
The indicator has one input parameter called Threshold. It sets the threshold level described above. Its value should be close to zero. The less the value is, the less is the indicator's lag, but at the same time, the less confirmed the regime-switching signals are.
The use cases can be very different. And as the code is open, you can also use the indicator as a building block for your custom trading strategies.
Let us know your thoughts and suggestions!
Revolution Portfolio ToolRemember to think in terms of percentages (e.g. if percentageweight is 70, then percentageweight1 and 2 must equal 30 in total).
Position size FX and CryptoThis indicator I am using to calculate the position size to order for Forex and Crypto Future
US Markets Net New Highs/LowsThis indicator displays the net number of stocks on the Nasdaq Composite making 52-week highs or lows. For instance, if there are 60 new 52-week highs and 20 new 52-week lows, the net number will display 40 net new 52 week highs.
This indicator is particularly useful in gauging what the breadth is of the Nasdaq.
Three days of net 52-week highs show a healthy market which is conducive to increasing exposure. This condition is highlighted with a green background.
Three days of net 52-week lows show an unhealthy market which is conducive to reducing exposure. This condition is highlighted with a red background.
Stochastic Spread AnalyzerA comparative version of the previously published Stochastic Structure Analyzer. It incorporates the 3-TF stochastics against both price and OBV values of the spread.
+ Breadth & Volumenote* If you've used my "+ Rate of Change Indicator", I am updating that without the OBV, which has been moved here. Just an FYI.
This "indicator" is basically a variety of indicators that measure volume, or accumulation/distribution. There's a bit of a story about how this came about but
it's not that interesting, so I'll spare you.
Indicators from which you may choose here are On Balance Volume (OBV), Money Flow Index (MFI), Chaikin Money Flow (CMF), Chaikin Oscillator, and Positive & Negative Net Volume.
I'll give a brief overview of these below, and if you want to educate yourself further on them you may. There are many web resources for that.
Most people are probably familiar with OBV. It's one of the more commonly used volume indicators, especially in the crypto crowd (at least amongst those traders I follow). It's basically a cumulative (doesn't oscillate around a midpoint) momentum indicator that measures volume of the current period versus volume of the previous period and adds it if price closed higher, but subtracts it if price closes lower. It's another way of using volume to confirm trend.
The MFI is a momentum indicator that measures the flow of money into and out of an asset over some period of time (user input). It's calculated using the RSI, so it can be used similarly to RSI (divergences, overbought, oversold, etc.), but of course unlike the RSI it's calculated primarily using volume and comparing the most recent candle close to the previous one (similar to OBV).
CMF is a volume-weighted average of accumulation and distribution over a some period of time (typically 21). It's a way of measuring accumulation versus
distribution in an asset, and oscillates around a zero line. You would use it similarly to any other oscillator, in that you can look for divergences, and general positive or negative momentum.
Chaikin Oscillator is basically a MACD (without signal line) of the accumulation and distribution index (or line--which is somehow different than simply accumulation and distribution). I haven't looked into these differences deeply, but if you look below at the calculations, and substituted 'ad' for 'accdist' you get very different readings. I actually did that, and what it looks like it would do is turn the actual Oscillator into a MACD signal line. So, by substituting 'ad' for 'accdist' (or the accumulation/distribution index) you produce a signal line of the Chaikin Oscillator.
Anyway, all that confusion out of the way, as I said, it's a MACD on the accumulation and distribution index, therefore it is another zero line oscillator, and similarly to CMF, it's a way of measuring price movements in the chart versus a/d. The zero line isn't just any old zero line, however, it is actually the accumulation distribution line. I've made an OBV version of this by substituting the OBV for AD, so if you prefer OBV maybe you will like that.
Pos. & Neg Net Volume is actually an indicator I had seen made by RafaelZioni. It basically takes net volume, calculates a cumulative of that, then subtracts a moving average of some period from the cumulative net volume in order to create a volume oscillator. Use it like the other oscillators!
Added Donchian Channels, moving averages, Bollinger Bands, colored everything, and alerts.
Enjoy!
Below I will post images with the different indicators, everything on default settings (except for lookback period, which I have adjusted to my personal preferences).
Above is an image with the MFI being compared to the RSI since they are very similar (MFI being basically a volume derivative of the RSI).
Chaikin Money Flow set to lookback of 13. You could probably extend that a bit if you wanted to smooth the line more.
Chaikin Oscillator and Chaikin Oscillator of OBV, with a zoomed in look below, to see the differences more clearly.
CO and COBV closer look.
Positive & Negative Net Volume.
On Balance Volume EMA TrendI have just taken the On Balance Volume and added an EMA with a little color to visualize the current trend.
ICT New York NY Midnight Open and DividerThis simple indicator plots out ICT's New York midnight open price and a vertical divider at that time.
12am NY time is a key level to watch for daytrading and intraday scalping, often providing entry levels and orderblocks.
The session time may need to be adjusted for different exchanges, but the default is for most of forex.
Alino Forex SystemInizia a fare qualche spiccio con il forex.
Un indicatore di swing trading è uno strumento di analisi tecnica utilizzato per identificare nuove opportunità. Gli swing trader vogliono trarre profitto dai mini trend che sorgono tra alti e bassi (e viceversa). Per fare ciò, devono identificare il nuovo slancio il più rapidamente possibile, quindi utilizzano indicatori.
Ci sono due tipi di opportunità che uno swing trader utilizzerà per identificare gli indicatori: tendenze e breakout. Le tendenze sono movimenti di mercato a lungo termine che contengono oscillazioni a breve termine. I breakout segnano l'inizio di una nuova tendenza.
Gli swing trader potrebbero utilizzare indicatori su quasi tutti i mercati: inclusi forex , indici e azioni .
XBrat Range Breakout - Defining Ranges & The Trading BiasxBrat Range Breakout
Designed to help define opening ranges of major markets, along with Gold Pit opens, Oil Pit opens and for major economic data points. We recommend timeframes for opening ranges on different type of instruments further down this description
There are 6 range data points available, 4 of which are pre-defined (but can be adjusted and renamed) and then 2 spare for those important data points. All the times and label names can be adjusted.
4 Pre-Defined Openings are:
Europe Gold Pit Open (8am Europe time)
London Stock Exchange Open (9am Europe time)
New York Gold Pit Open (8.20am EST)
NYSE Open (9.30am EST)
The range is defined by a parallel coloured cloud which changes colour depending on the BIAS of the opening range, calculated automatically for our users. At the same time the Open Tag is also coloured to help identify the BIAS and indeed which direction traders should trade the Range Breakout after the first candle has closed. The range BIAS continues to be drawn on the chart until the following days open. The colour will change as per the BIAS of that opening range. This allows for multiple entries of breakouts of the defined range throughout the following 24 hours.
Range Breakout BIAS Colours
Green - Bullish BIAS - When first candle has closed only look for breakouts to the upside
Red - Bearish BIAS - When first candle has closed only look for breakouts to the downside
Yellow - Neutral BIAS - When first candle closed, look for breakouts to both upside and downside or best not to trade the breakouts as neutral BIAS indicates indecision
Time Frames we suggest for open ranges of any market open or data points are:
Metals & Energy Futures or CFDs - 5 minute time frame
Currencies - Forex Pairs or Futures - 10 minute time frame
Index Futures or CFDs - 15 minute time frame
Higher Time Frame Chart OverlayHello All,
This script gets OHLC values from any security and Higher/Same time frame you set, then creates the chart including last 10 candles. it shows Symbol name, Time Frame, Highest/Lowest level of last 10 candles and Close Price at the right side of the chart as well. Closing price text color changes by the real-time candle of the related symbol and time frame. The all this was made using the Tables in Pine and the chart location doesn't change even if you change the size of main chart window.
Almost everything can be change as you want. You can change/set:
- Colors of Body and Top/Bottom Wicks separately
- The Height of each Cell
- The Width of Body and Wicks
- The Background and Frame color
- Enable/disable Status Panel (if you disable Status Panel then only candle chart is shown)
- Location of Status Panel
- Text color and Text size
- The Background color of Status Panel
Some examples:
The info shown in Status Panel:
You can change The Height of each Cell and The Width of Body and Wicks
You can change colors:
You can change location of the chart:
If you add the script more than once then you can see the charts for different symbols and time frames: (This may slow down your chart)
If you right-click on the script and choose "Visual Order" => "Bring to front" then it will be better visually:
P.S. Using this script may slow down your chart, especially if you add it more than once
Enjoy!
HAP Auto Trend Line [PRO]Hello Traders!
The trend line is among the most important tools used by technical analysts. Instead of looking at past business performance or other fundamentals, technical analysts look for trends in price action. A trend line helps technical analysts determine the current direction in market prices. Technical analysts believe the trend is your friend, and identifying this trend is the first step in the process of making a good trade, and it can tell Support/resistance is very good.
But when drawing Trend Lines, sometimes we're not sure where to start. From where is the starting point? And sometimes it can be drawn multiple lines with different support/resistance lines over time. This itself can be confusing, so I tried to create a tool that allows it to draw lines automatically. According to price movement.
Let's take a look at the variables you need to understand from our indicators.
For this indicator it works in two main parts:
Section of Trend Line
Trend Reversal section
Therefore, these two parts have separate functions. To be used as a component for easier decision-making.
Trend Line, as I said before, what it is. Next is Trend Reversal. I will simply say it is. A period of time when the candle tries to pump and dump. This will help point out the potential price reversal. And if there is a trend line area, it is an interesting point to consider. To identify possibilities.
Some variables from the settings page
Number of Bars to Check : It is the number of past candlesticks to consider. To identify the start of the Trend Line, if it meets the condition, it will automatically draw the Trend Line for you.
Trend Line Depth : It is the frequency. Of identifying the starting point Trend Line. If the value is large, it will find a low Trend Line, and if it is low, it will find more Trend Line. This is flexible. So you have to try it yourself. On demand.
Overview
You can turn it on or off. Support/resistance position either.
Select Emoji Support/resistance. Freely
Line style you want
your favorite color
customizable line intensity
the script is fast enough to run on 1sec chart:
fun !
LPB MicroCycles StrategyWhat it is:
We use the Hodrick-Prescott filter applied to the closing price, and then take the outputted trendline and apply a custom vwap, the time frame of which is based on user input, not the default 1 day vwap . Then we go long if the value 2 bars ago is greater then one bar ago. We sell and color the bars and lines when the if the value of 2 bars ago is less than one bar ago.
Also included:
GUI for backtesting
ATR Based Stop Loss
How to use:
Go long when the indicators suggest it, and use the stop losses to reduce risk.
Best if paired with a volatility measurement (inside candles, average true range , bollingerband%B)
Bot go_up DD_long/shortHello!
This strategy is based on the double bottom pattern - for entering a long position / double top-short
A double bottom pattern is formed when two price bottoms are relatively at the same level and the top acts as resistance. This pattern appears at the end of a downtrend and signals a reversal.
A double top is a bearish reversal pattern that signals the end of an uptrend. It is formed by two price highs forming at the same level and a notch line that acts as local support.
As history and practice show, the double bottom pattern works better. Moreover, in a bull market.
You can include only long or only short. BUT while there is a long, a short position will not be opened, in fact, with a long as well.
You can use reverse trade, one coin at a time.
DESCRIPTION:
// LOGIC ENTRY:
Period for short and long positions-to search for double bottom as well as double top. the more, the less false.
Change liong and short-channel width for pattern search separately for long and short.
General shift-the overall width of the channel, which changes equally at once for long and short
By default, quiet settings for tf 5 minutes are applied!
You can choose the settings you like.
// AMOUNT(USDT) FIRST ORDER AND > % NEXT
In the first column, indicate the amount, in the second, how many percent the next order will be more than the previous one.
// EXIT SETTINGS
Closing a trade by RSI when it reaches the level specified in the settings (but in the negative, the trade will never be closed, even if the condition is triggered)
Using a percentage to exit a trade + stop loss. (Put a stop order 1000+ on the market can be anything, especially if you use spot trading)
PS: in order to use the RSI output at a certain level, put a checkmark on the desired one, and also check the percentage box and indicate a take on the percentage 10-20 +)
// MARTINGALE GRID
If there is a check mark, then the grid is used.
Use all signals?
If yes, then there will be no limit on inputs from logic
If the checkbox is not checked, then you can limit the entries from the strategy logic by the specified percentage.
Grid, the next order, when decreasing by a certain percentage, an order when decreasing by the percentage that will be specified (after entering from the logic, when the next signal appears, the grid will be counted from the beginning)
PS: orders are not automatically placed, if the conditions are triggered, then the entry is only at the next bar (within the TV, it is not possible to add orders immediately, but most often, in case of straits, for the better)
// FILTER SETTINGS
The filter consists of a series of popular, averaged oscillators
//DATA RANGE
You can see the results for the selected period
//
CALCULATION OF ORDERS AND MARGIN (FOR INFO ONLY)
The number of orders is the number of entries (you must always have the same number of orders in the arguments and in the properties !!)
- in the aruments for understanding, in the properties - it does not matter how much it will cost there, so many inputs will be!)
-leverage is created to calculate the margin
When you change these parameters, you will understand how much money is required in general and what maximum drawdown can be allowed
Green line-take, lower-stop-order.
To use algo trading, in fact, you need to use a script, in the service through which you will transmit a signal through webhooks, you need to select the amount.
{{strategy.order.contracts}}
ОПИСАНИЕ НА РУССКОМ
//ЛОГИКА ВХОДА:
Период для шорт и лонг позиций, сдвиг для шорта лонга, также общий
По умолчанию применены спокойные настройки для тф. 5 минут.
Вы можете самостоятельно подбирать настройки, основываясь на прошлые результаты
//СУММА ВХОДА В ЮЗДТ +МАРТИНГЕЙЛ:
В первой графе указываете сумму , во второй -на сколько процентов следующий ордер будет больше предыдущего.
//НАСТРОЙКИ ВЫХОДА ИЗ СДЕЛКИ
Закрытие сделки по RSI, когда достигнет уровня, указанного в настройках ( но в минус сделка не будет закрыта никогда, даже если условие сработало)
Использование процента для выхода из сделки+ стоп приказ.( Ставьте стоп-приказ 1000+ на рынке может быть всякое, тем более, если используете спотовую торговлю)
ПС: для того, чтобы использовать выход по RSI по определенному уровню, поставьте галочку на нужный , а также поставьте галочку по проценту и укажите тейк по проценту 10-20+)
//НАСТРОЙКИ СЕТКИ
Если стоит галочка-то сетка используется.
Использовать все сигналы?
Если да, то лимита по входам от логики не будет
Если не стоит галочка, то можно ограничить входы от логики стратегии, на указанный процент.
Сетка, следующий ордер, при снижении на определенный процент-след ордер при снижении на тот процент, который будет указан ( после входа от логики , при появлении следующего сигнала сетка будет считаться с начала)
ПС: ордера автоматически не ставятся, если сработали условия, то вход, только на следующем баре ( в рамках ТВ, нет возможности добавить сразу ордера, но чаще всего, при проливах-к лучшему)
//НАСТРОЙКИ ФИЛЬТРА
Фильтр состоит из серии популярных, усредненных осцилляторов.
//
БЭКТЕСТИНГ
Можете посмотреть результаты за выбранный промежуток
//
ПИРАМИДИНГ (исключительно для расчета)
Количество ордеров-это количество входов ( у вас всегда должно быть одинаковое количество ордеров в агрументах и в свойствах!!)
-в аргументах для понимания, в свойствах -важно, сколько там будет стоить-столько входов и будет!)
-плечо создано для расчета маржи
При изменение данных параметров Вы будете понимать сколько потребуется средств в общем и какую максимальную просадку можно допустить
Зеленая линия-тейк, нижняя-стоп-приказ.
Для использования алго-трейдинга, собственно так и нужно использовать скрипт, в сервисе, через который Вы будете передавать сигнал через веб-хуки , Вам нужно выбрать количество.
{{strategy.order.contracts}}
Удачных трейдов, друзья!
MTF Bullish/Bearish IndicatorThe script plots a bullish/bearish indicator by evaluating a variety of moving averages for a security across multiple timeframes. It's derived from built in Technical Analysis indicator published by TradingView. The result of evaluation is plotted on the chart in green light/red light format in a configurable location.
evaluated moving averages include
- SMA 10, 20, 30, 50, 100, 200
- EMA 10, 20, 30, 50, 100, 200
- Hull MA 9
- VWMA 20
- Ichimoku Cloud
moving averages are evaluated at chart timeframes and 5 min, 15 min, 30 min, 120 min, 240 min, and daily by default but can be customized.
OBV MA StrategyThe On Balance Volume + Moving Average Strategy
Parameters: 1H candles, ETHUSDT on BINANCEUS, commission percent uses Binance's maker/taker fees of 0.075%
Strategy: I create a 30 day moving average of the On Balance Volume "obvSma = ta.sma(ta.obv, 30)." Then I use the following buy conditions:
OBV crosses above the OBV moving average
The obv drops x% below the OBV moving average (buy a dip)
The OBV moving average is rising, the OBV is greater than the OBV moving average and the OBV is rising
The first buy condition is attempting to buy into an uptrend. When the OBV rises above the OBV moving average, people are buying and it's a good time to enter the trade.
The idea behind the second buy condition is to buy a dip so make sure you are careful to not set it too shallow or you'll end up buying the dip before the dip before the dip. :) I recommend 10% or more.
The third buy condition is there in case our trailing stop takes us out of a trade but the trend is still rising, we don't want to miss out on that profit so if the OBV is above the OBV moving average, the average is rising and the OBV is rising, we are likely in the middle of an uptrend and we should buy in.
FARAZ.MATI20vA personal indicator.
This indicator has the following features :
Thanks to the managers and administrators of TradingView site for the appropriate space with wide facilities for optimal use. All (indicators) were available on the site and I only defined certain settings for them.
FARAZ.MATI20v
EMA: 5
SMA : 20
SMA : 50
Collision and interruption of Moving 20 by Moving 5 can be the beginning of an upward trend. Provided that the Moving 5 is placed under the candles. (The best signal for the Moving 5 is to collide with the Moving 20 under the candles). Also, the collision of the Moing 5 with the Moing 20 on top of the candles can be a sign of falling. Especially if this collision occurs above the candles.The cut of the Moving 20 and the Moving 50 indicate the intensity of the wave. If Moving 20 is above Moving 50 in this collision, it shows the intensity of the uptrend and if it is below Moving 50, it shows the intensity of the downtrend.
SMA : 100
SMA : 200
Both (resistance and support) are very strong, which is very effective in larger timeframes (such as 1 day).
HMA : 20
To determine the entry point. In such a way that whenever the seeds (HMA) are below the candlesticks. 3 seeds are in ascending position. The body of the candle and the shadow should not touch them. It can be a good signal to enter. Also if the seeds are placed on top of the candlesticks. Show the descending direction of 3 seeds. Provided that the body of the candle and the shadow have not hit them. It is a signal for the short position.
SAR : With the applied settings, it is a kind (trending view) that can evaluate the volume of input to any currency much sooner and determine the probability of rising or falling. If our wave lines (stairs) are at the bottom of the candles, it means an upward trend, and if they are at the top of the candles, it means a downward trend. As the volume of inputs increases, the trend increases, and as the volume of inputs decreases, the trend will also decrease.
Ichimoku Cloud : To determine the lines (support and resistance) the peaks formed by the cloud can represent a resistance area. Price To cross the area marked by the Ichimoku cloud must have a strong candle. This can be very effective in determining the point of entry and purchase.
zig zag : For better diagnosis of the process. Using it to determine areas of support and resistance can be useful. Determining the points of the Fibonacci table is also very effective.
TradingGroundhog - Strategy & Fractal V1#-- Public Strategy - No Repaint - Fractals -- Short term
Here I come with another script, more simple than Wavetrend V1. You will love it.
#-- Synopsis --
Another simple idea, on a small time frame (15 min) we buy when the opening price goes below a Bottom fractals and sell when it goes over a Top fractals, but as this script do not use Wavetrends. You should stop by your self to use the script during long lasting downtrends.
I developed the strategy using BTC /EUR 3 MIN BINANCE but it can be applied to many other cryptos, I don't know for forex or others. You can use it for short term (to a month of uptrend) and automated trading.
#-- Graph reading --
And now, how to read it ?
Fractals:
Yellow Flags occur when the opening price goes below a Bottom fractal , it means Buy.
White Flags appear when the opening price goes over a Top fractal , it means Sell.
#-- Parameters --
*** Parameters have been intensively optimized using 10 cryptocurrency markets in order to have potent efficiency for each of them. I would recommend to only change the Can Be touch parameter. For the others, I don't recommend any modifications. The idea behind the script is to be able to switch between markets without having to optimize parameters, less work, easy to target active crypto and therefor limit the risks. ***
Can be touch :
'Filter fractals' : Activate or Disable the filtering fractal operation. If Enable, buy during less risky periods. (Activate is often better)
Can be touch but not necessary :
'VolumeMA' : The Volume corrector used by the fractals
'Extreme window' : The number of price individuals to look for if we want to remove extreme fractals.
Not to touch :
'Long Sop Loss (%)' : The minimal difference of price between a Fractal bottom and the opening price to buy.
#-- Time frame --
Should be used with the following time frames depending on the necessity:
1 MIN
3 MIN (Preferred with the parameters set)
5 MIN
#-- Last words --
The script can be set up to send Tradingview signals to 3comma just by adding comment = " " in strategy.close_all() and strategy.entry().
Good trades !
Disclaimer (As it should always be one to any script)
***
This script is intended for and only to be used for personal purposes only. No such information provided by it constitutes advice or a recommendation for any investment or trading strategy for any specific person. There is no guarantee presented or implied as to the accuracy of specific forecasts, projections, or predictive statements offered by the script. Users of the script agree that its original developer does not take responsibility for any of your investment decisions. Please seek professional advice before trading.
***
# Here are the results from the 20rst of September 2021 with 100% of equity on the BTC /EUR 3 Min and with a capital of 10 000 EUR. So almost, one month.
# As I saw, it goes from +30% to more than +160% (the great SHIB) depending on the selected crypto. It may be negative if you spot a downtrend.
OBV+ Oscillator [upslidedown]This is the classic OBV (On-Balance Volume) formula modified to evaluate OBV state based on a moving average. OBV is a momentum indicator that uses volume flow to predict changes in asset price. While I am not an expert on OBV, my thesis for the logic conditions I have implemented follow fairly standard confirmation/invalidation logic used in many other indicators. I use the below icons across many of my scripts to evaluate bar state and to help confirm current conditions in a trade.
Key:
🟦 = safe bullish conditions
▩ (transparent blue) = bullish warning (decreasing conditions)
🔹 = reversal condition (early indication of bullish behavior or simply chop)
🟥 = safe bearish conditions
▩ (transparent red) = bearish warning (decreasing conditions)
♦️ = reversal condition (early indication of bearish behavior or simply chop)
If you have questions about how to use this, want to offer ❤️, or have ideas for improvement feel free to PM me.
TEWY - Breadth Based Bar ColorNSE:BANKNIFTY1!
⚠ Important: Before going into details of this script, in order to best use this indicator it is VERY VERY important to make some changes to the chart settings as mentioned below.
• REMOVE CANDLE BORDERS from Symbol settings
• CHANGE WICK COLOR to white/black/gray based on the chart theme you use, from Symbol settings
Make sure you have these settings done.
Detail about this indicator
1. This indicator is used to identify the trend based on the momentum of the counter selected.
2. This indicator is calculated differently for indices NSE:NIFTY and NSE:BANKNIFTY. As I take high weightage stock under these indices to get overall indices momentum.
3. I have used the rate of change and RSI of it to calculate momentum.
4. I would typically use this indicator to see momentum on the Monthly and Weekly first and daily timeframe to get proper entry.
5. Also please try to stay in the long position more than the short position as we all know that, the imminent nature of the market is to go upward only.
6. Please try to keep base inputs as defaults, though it allows you to change input parameters like changing the length of momentum indicator or bar color options. Below is the description of each input
• Smoothen: It changes source from CLOSE to OHLC4.
• Signal Length: It's the length(no of candles) for which the momentum is calculated. Like for RSI the default period/length is 14 or for Moving Average indicator default period/length is 9, I simply use 20 as the default length
• Timeframe: If you want to calculate momentum based on the momentum of different time frames.
• Change bar Color: Use the toggle to change the color of the bar. You can uncheck it so that no bar color is changed if you need so
• Set Bar Color Dynamically: With this even though the oscillator is in opposite direction to the trend it takes the candle close into consideration and sets bar color accordingly.
Always respect RISKS and follow stop loss.
Let's understand how to take a position using this indicator
• Long position:-
• If the latest candle color is GREEN and its preceding candle color is RED, then go long in the counter with the strict stop loss(SL) 1% below the preceding RED colored candle.
• Once you are in a long position, trail stop loss(SL) below each red candle you see on the chart.
• Exit strictly if initial SL or trailing SL is hit. And re-create long positions once you see the next green candle.
• Short Position:-
• If the latest candle color is RED and its preceding candle color is GREEN, then go short IF RED COLORED CANDLE LOW IS TAKEN OUT. Exit short once you see a green colored candle.
• Exit strictly if you see a GREEN-colored candle and create a long position.
If you are really interested and need access to this indicator please DM me.
I have given a sample illustrational image below, which should help you understand this indicator.
Best of luck
