[SCL] True Market StructureSee market structure at a glance with Higher Highs and Lower Lows. Bullish/Bearish/Ranging market bias is automatically derived. Optionally get alerted for breaks in market structure. Uses true Local Highs/Lows instead of simply the highest/lowest "pivot" for x bars. Can be useful as a support for learning market structure or for alerts for a change in structure while you're not at the computer.
Bullish Patterns
Directional Bias OverlaySimple indicator that keeps track of your thoughts on directional bias from the Monthly Timeframe down to the 1 Hour Timeframe. Features include:
Toggle Timeframes On or Off
Keep Track Of Up To 10 Currency Pairs At A Time
Adjust The Offset From Price So The Indicator Is Out Of The Way
Bullish InertiaThe Bullish Inertia is an indicator that measures the strength of an asset with respect to its volatility, calculated as:
Strength / Volatility = Bullish Inertia (BI)
Parameters:
Len1 = Length of ROC1
Len2 = Length of ROC2
Len3 = Length of the ATR
//Spanish
La inercia alcista es un indicador que mide la fortaleza de un activo respecto a su volatilidad, calculado como:
Fortaleza / Volatilidad = Inercia Alcista (IA)
Parametros:
Len1 = Longitud de ROC1
Len2 = Longitud del ROC2
Len3 = Longitud del ATR
Bullish and Bearish by NicolErazoFThis indicator changes the color of the candlesticks when there’s a change in the trend to the rising or falling trend.
BEARISH ENGULFING: Yellow candlestick. It is an engulfing falling trend reversal; you must make a sell decision.
BEARISH HARAMI: White candlestick. Indicates a possible falling trend change, you must be alert for a possible sale.
BULLISH ENGULFING: Black candlestick. It is a change in the engulfing rising trend, you must make a purchase decision.
BULLISH HARAMI: Blue candlestick. Indicates a possible rising trend change, you should be alert for a possible purchase.
On the chart, you can see the 4 candles, on September 11 the black candle appears indicating a change in the uptrend. But today, the white candle is seen, which appears on September 8, indicating a rebound with a possible change in trend to bearish.
Previous days, on August 26, you see the blue candle with a possible change in the upward trend, which then, on August 28, a yellow candle appears with a change in the downward trend.
The Engulfing indicator (yellow and black) says that the candle has an engulfing change that is radical.
On the other hand, the Harami (blue and white) indicates a possible change in trend that must be previously analyzed.
Harami candles are smaller than Engulfing candles, since Harami in a Japanese term that means pregnancy, where the previous candle is the woman and the next candle is the baby.
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ESPAÑOL
Este indicador cambia las velas de color cuando ocurre un cambio de tendencia ALCISTA o BAJISTA
BEARISH ENGULFING: Vela de color amarillo. Es una cambio de tendencia bajista envolvente, debes tomar una decisión de venta.
BEARISH HARAMI: Vela de color blanco. Indica un posible cambio de tendencia bajista, debes estar alerta para una posible venta.
BULLISH ENGULFING: Vela de color negro. Es un cambio de tendencia alcista envolvente, debes tomar una decisión de compra.
BULLISH HARAMI: Vela de color azul. Indica un posible cambio de tendencia alcista, debes estar alerta para una posible compra.
En el gráfico, se pueden ver las 4 velas, el 11 de Septiembre aparece la vela negra que indica un cambio de tendencia alcista. Pero hoy, se ve la vela blanca, que aparece el 8 de septiembre, indicando un rebote con un posible cambio de tendencia a bajista.
Días anteriores, el 26 de Agosto, se ve la vela azul con un posible cambio de tendencia alcista, que luego, el 28 de agosto aparece una vela amarilla con cambio de tendencia bajista.
El indicador Engulfing (amarillo y negro) dice que la vela tiene un cambio envolvente que es radical.
En cambio, el Harami (azul y blanco) indica un posible cambio de tendencia que debe ser previamente analizado.
Las velas Harami son más pequeñas que las Engulfing , ya que Harami en un término japonés que significa embarazo, en donde la vela anterior es la mujer y la vela siguiente es el bebé.
Patreon Bull Bear OscillatorThe Patreon bull-bear oscillator (PBBO) was carefully designed to give as much information as possible to the user without sacrificing readability. With it, you can detect the direction of trends, detect whether the market is ranging or trending, tell if a given signal is false, and easily spot divergences, in fact, the PBBO is the only indicator of the trend trading tier that was designed to spot potential reversals.
The indicator comes with alerts.
Settings
Length: Control the sensitivity to price variations, with a higher value aiming to detect longer-term trends.
Control Line Divisor: Divisor of the control line
Src: Source input of the indicator
Pre-Smoothing: If true, smooth "Src" before calculating the PBBO
Smooth: Period of the moving average used for pre-smoothing
Pre-Smoothing Method: Determine the type of moving average to be used during the pre-smoothing step. Available options are: EMA, TMA (triangular moving average), HULL, LSMA (least squares moving average)
Filter Alerts Based On The Control Line: Add an additional condition for the alerts.
Detecting The Direction Of A Trend
The indicator display three lines, one bull line (in blue), one bear line (in red), and a control line (in green). A bullish market is detected when the bull line is over the bear line, while a bearish market is detected when the bear line is over the bull line.
When one of the lines is declining, it means that the current trend is weakening, showing the potential for a retracement or reversal.
Filter Out False Signals With The Control Line
The PBBO is still subject to all the price variations you will see on your chart, and as such can return false signals, it is important to tell if a bullish/bearish market is significant before making a move, and this is what the control line aims to do.
The control line divisor can provide a way to control the position of the control line, with lower values of the divisor requiring even more significant moves in order to trigger a signal. A value of 2 for the control line divisor is recommended in order to filter out false signals.
Detecting Whether Market Is Trending Or Ranging
Telling when the market is trending is primordial in trend trading, and many indicators that aim to return this information have been proposed. The PBBO is also able to give such information. First, you can look at the bull and bear lines, if both are equal to 0, it means the market is ranging.
You can also use the control line to tell whether the market is trending or not, with a bull/bear line above the control line telling the market is trending.
Spotting Divergences With The PBBO
Spotting divergences is a simple way to detect potential reversals, and it was important for me to start working on an indicator able to detect them while trying to make everything super simple for the user.
With the PBBO you don't need to look at both the price and oscillator lines in order to detect divergences, you can simply look at the peaks made by the bull or bear line, if a peak is lower than a previous one, then a reversal might occur.
Above, we can see that the bull line made several peaks during the up-trend, with the last peak being lower than the previous one, we thus detect a bearish divergence and could expect a reversal. If the same case scenario occur but with peaks made by the bearish line then we detected a bullish divergence.
It can be difficult to tell whether a divergence is significant or not, it can also be hard for beginners to tell which peaks they must look at. A good rule of thumb would be to check if both peaks are coming from two different movements, this is done by seeing if the first peak has reached 0 before the second one occurred.
The control line is also useful to tell when peaks are significant or not, with peaks that are higher than the control line being more significant.
Alerts
By default, a buy alert is given once the bull line is greater than the bear line, and vice versa for a sell alert, the setting "Filter Alerts Based On The Control Line" allows you to only have an alert when the bull/bear line is greater than the control line.
Gaining Access To The Indicator
Only my Patrons can get access to this indicator, you can go to my Patreon page by clicking on the link in my signature. Note that you will also have access to the Patreon trailing stop and Patreon moving average.
Donchian WicksNote: This script does not perform well on its own and is meant to inspire other coders, just sharing it because why not :)
The idea is simple, highest only gets calculated for green candles, lowest only gets calculated for red candles. a yellow dot gets created when a candle gets below lowest line and closes bullish, vise versa for red dots.
Hope someone can use it.
Bitcoin Bull CyclesA simple indicator that identifies the primary upswing of Bitcoin following each Halving, the "Bull Cycle".
A "Bull Cycle" is identified as the first period of positive momentum after each Halving date, defined as the 50 Daily Moving Average (DMA) being above the 200 DMA.
Bull/Bear Probability [Anan]Hello Friends,,,
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This indicator is based on Bayes' Theorem and is fully based on probabilities.
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Formula For Bayes' Theorem:
P(Bull|Bear) = P(Bear∣Bull) * P(Bull) / P(Bear)
where:
Bull and Bear are events and P is probability
P(Bull|Bear) is the posterior probability, the probability of Bull after taking into account Bear
P(Bear∣Bull) is the conditional probability or likelihood, the degree of belief in Bear given that proposition of Bull belief (Bull true)
P(Bull) is the prior probability, the probability of Bull belief
P(Bear) is the prior probability, the probability of Bear belief
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The indicator output 2 trend lines and (Bull/Bear) Signal :
Bull/Bear Probability Trend :
when the price is above it = Up Trend
when the price is below it = Down Trend
Bull/Bear Probability Trend Moving Average :
when the price is above it = Up Trend
when the price is below it = Down Trend
(Bull/Bear) Signal :
when Probability Trend Moving Average crossover Probability Trend = Bull Signal
when Probability Trend Moving Average crossunder Probability Trend = Bear Signal
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Disclaimer:
This script is for informational and educational purposes only.
Use of the script does not constitutes professional and/or financial advice.
You alone the sole responsibility of evaluating the script output and risks associated with the use of the script.
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Thanks to my friends dgtrd because he inspired me about probability, take a look at his scripts.
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Bullish Piercing ScannerA piercing pattern is known in technical analysis to be a potential signal for a bullish reversal. The formation in its strictest form is rather rare, but tends to perform better the longer the downtrend in front of it. When technical studies such as RSI, Stochastic or MACD are showing a bullish divergence at the same time a piercing pattern appears, it strengthens the likelihood that this two-day pattern is meaningful.
This is a two-candle pattern. The previous candle must be bearish, the recent candle must open below the close of the previous candle, the recent candle must close above the middle of the previous candle. You can adjust the closing and opening gap between the two candles within this scanner's settings (price).
Bullish-Bearish OscillatorThis is my attemption to create oscillator that will show when the market is bullish and when its bearish . Fight between those two forces will be shown on the chart.
It is based on price action versus two moving averages.
* You can choose from 4 different MAs in settings: McGinley , SMA , EMA and VWAP .
* You can set up 2 Moving Averages (fast and slow)
* Amount of bars back from PriceAction versus MAs is calculated
ps. This script is invite-only for the members of our trading group (info in signature, group is free of charge).
RSI Season Tracker by KrisWatersSeason tracker identifies the momentum with tracking dominance and market capitalization data of Bitcoin , Altcoin and USDT .
With this indicator you can able to get know about Bitcoin, Altcoin and USDT dominance and market capitalization easily.
Backgrond Color Definations:
If the background color of indicator is ORANGE means that Bitcoin dominance is the most powerful. It is a good sign for Bitcoin.
If the background color of indicator is BLUE means that Altcoin dominance is the most powerful. It is a good sign for Altcoins.
If the background color of indicator is GREEN means that USDT dominance is the most powerful. It is a good sign for USDT.
Plus Sign (+) Meaning and Color Definations:
If ORANGE plus sign is visible on indicator means that market capitalization of Bitcoin is increasing. It is a good sign for Bitcoin.
If BLUE plus sign is visible on indicator means that market capitalization of Altcoin is increasing. It is a good sign for Altcoins.
If GREEN plus sign is visible on indicator means that market capitalization of Bitcoin and Altcoins are decreasing. It is not a good sign for both.
Light and Dark RSI Line Color Definations:
If the line of Bitcoin color is Orange means that, RSI value was increased compared with previous bar. It is one of the good sign of the momentum strength.
If the line of Bitcoin color is Yellow means that, RSI value was decreased compared with previous bar. It is not a good sign.
If the line of Altcoin color is Navy means that, RSI value was increased compared with previous bar. It is one of the good sign of the momentum strength.
If the line of Altcoin color is Blue means that, RSI value was decreased compared with previous bar. It is not a good sign.
If the line of USDT color is Green means that, RSI value was increased compared with previous bar. It is one of good the sign of the momentum strength.
If the line of USDT color is Lime means that, RSI value was decreased compared with previous bar. It is not a good sign.
Simple RSI rules are valid for this indicator.
RSI value is under 30 indicates that asset is OVERSOLD .
RSI value is upper 70 indicates that asset is OVERBOUGHT .
Important Notice: Dominance data is not correlated with price. For example; sometimes dominance is increasing but the price is not. And that's where the market capitalization comes in.
If the plus sign is not visible , you can get questioning for the movement. It is not a good sign at all.
If the plus sign is visible and RSI is increasing , It is a good sign for the strength of assets movement.
I recommended to use on DAILY timeframe . But you can use different timeframes as well.
Please leave comment below If you have any question or development idea.
Awesome Buy/Sell SignalBuy and Sell signals using Bill William oscillators. Works for anything with high volume both crypto and stocks.
Optimal at Lower time frames and larger time frames can give you trend.
Green painted bars bullish momentum
Grey painted bars undecided momentum
Red painted bars bearish momentum.
[astropark] MFI divergencesDear Followers,
today a new great Scalper Tool , based on a custom version of Money Flow (MFI) oscillator, which works on both Candlesticks, Heiking Ashi and Renko charts , from 1 second Renko chart and above (on non Renko charts, the higher, the better of course!), both on FOREX, Cryptocurrencies, Stocks and Commodities!
This tool has some cool features:
it works on all timeframes , on both Renko, Heikin Ashi and Candlesticks chart
it shows you both bullish and bearish divergences with a triangle up or down respectively
when it finds a strong bullish/bearish divergence , a flag will be displayed instead of a triangle
it shows you both hidden bullish and bearish divergences with a label "hid"
This script will let you set all notifications you may need in order to be alerted on each triggered divergence.
You may like to use it together with my Renko OBV Divergences indicator (which works on Candlesticks and Heiking Ashi too)
and my Renko RSI Divergences indicator (which works on Candlesticks and Heiking Ashi too)
On Bitmex/ByBit/Binance Bitcoin/USD chart best Renko settings is Traditional Renko chart with 11$ box size, while 0.5$ box size is suggested on Ethereum/USD pair.
This is a premium indicator , so send me a private message in order to get access to this script.
Separated ATR - evoThis script plots two ATR (Average True Range) values, one based on only bullish and the other based on only bearish bars. If the current bar is positive, the negative ATR will use its last known negative bar for the calculation. You can smooth bar directions by using the Heikin Ashi setting.
Use this the same way how you would use the regular ATR indicator, but with the added value of knowing which side of the market has more volatility.
Follow Line MTF Any MM AverageThe original version uses SMA, in this new version you can choose any type of MA and time frame.
- RMA,SMA,EMA,WMA,VWMA,SMMA,KMA,TMA,HullMA,DEMA,TEMA,CTI
- 1 min, 3 min, 5 min, 15 min, 30 min, 45min, 1h, 2h, 3h, 4h, 1d, 1w, 1M
- Alerts
Combine multiple time frames, this will come in handy ¡¡¡¡
Success in your trade ¡¡¡¡
Moving Average Exponential crossover with bullish RSI signalsWhen the market is giving the signals for bullish trend, which shows the shorter period exponential(20) moving average crossing the longer period moving average(50), with a strength shown in the market i.e. RSI greater than 40.
So when all these conditions are met a buy signal is generated in output (Output of Ema cross and Rsi) having value as 1.
So a trader can enter into a long position when the value is 1 and exits a stock when value is 0.
This script is not to be used for selling the stocks in downtrend
The AngelaThis script is based on Angela, an RLT trading LEGEND. The green line=10ema, red=20ema. The green triangle shows up when the buy signal is triggered. This script also has a BUY ZONE alert that can be setup as well.
Follow Line IndicatorThe FollowLine indicator is a trend following indicator. The blue/red lines are activated when the price closes above the upper Bollinger band or below the lower one.
Once the trigger of the trend direction is made, the FollowLine will be placed at High or Low (depending of the trend).
An ATR filter can be selected to place the line at a more distance level than the normal mode settled at candles Highs/Lows.
Alerts Added
Bullish/Bearish Candle Series DistributionThe tool counts the number of consecutive bullish or bearish candles in a row and build a distribution of those series lengths. The entire history of an instrument is used.
Available modes:
Strict Bullish ( close > open )
Bullish ( close >= open )
Strict Bearish ( close <= open )
Bearish ( close < open )
Different chart types have different distributions:
Renko
Line Break
Superstock 10-30 WMA Band script I was reading Jesse Stine's Insider Buy Superstocks book, and one of the technical traits he mentioned of a superstock (read the book, seriously, very strongly recommended) was a breakout above the 30 weekly moving average. He goes on to mention that after breakout, the 10 WMA often acts as a support line where you can add to your position. This script is inspired by the visual direction of Chris Moody's slingshot system, and how it displays MA's. The skinny line is the 10 WMA and the bigger line is the 30.
KAOS - Divergence IndicatorDivergence Indicator... Works pretty well, Use with caution as it does amend itself depending on market whale activity.
1hr, 4hr and Daily good for macro movements.
Should be used a supplemental indicator to your over all strategy NOT as a entry exit.
Have fun :)
Made by someone else, but has been tweaked with better settings
DominatorDo investors appreciate a good animal mascot? It seems like it. Bull and bear markets are key investing lingo and symbols, capturing positive feelings (bull) or negative ones (bear). There’s no official rule, but a bull market tends to refer to a 20% increase in a market over time from its bottom, while a bear represents a 20% decrease from its top. In general, “bull” positivity or “bear” negativity can refer to upward or downward movements of almost anything, like individual stocks. And you’ll even notice investors saying they’re “bullish” on an industry with growth potential or “bearish” on a stock they think will drop.
Dominator will give you the calculation of the wave between Bull&bear
How to use :
Long Alert signal = Bull Wave on the market
Short Alert signal = Bear wave on the market
Apply these fundamentals to any time frame and you will be able to read the correction into the trend or even the trend reversals.
