Custom Date CVDThis indicator allows setting a custom date for the beginning of cumulative volume delta calculations.
Why is it important? CVD shows aggressiveness of buyers and sellers. And in order for a bull run to sustain you need aggressive buyers hitting the ask. If the price goes up, but CVD goes down - unlikely this bull trend will last long.
You might want to choose a recent top or bottom as the start point and check whether the aggressiveness of market participants corresponds to the price movement since that peak. For example on the chart above we can see that the price was going up and down, but the aggressiveness clearly points down. Does it mean that we will have a long bear market? No. It means that until the aggressiveness starts pointing up we should not expect a bull market. It might happen tomorrow, or might happen in a month. Nobody knows. But until it starts happening - don't expect the real bull.
Additionally, candles where the aggressiveness went the opposite direction from the price are marked with a blue dot above them.
Note: the smaller the custom time frame of the indicator - the more correct the results are. However, the drawback is that shorter the lookback period will be. The actual length will depend on your subscription level and the number of subcandles of the selected instrument.
Candlestick analysis
EMA14 Second Time BUY/SELL AlertsEMA14 Crossover Strategy with Conditional BUY/SELL Alerts
This powerful script provides dynamic BUY and SELL alerts based on the interaction between price action and the EMA14 (Exponential Moving Average 14). Ideal for traders looking to capitalize on trend reversals and breakout patterns, this indicator helps you time entries and exits with precision.
Key Features:
Second-Time Crossover Alerts: The script tracks when the price crosses the EMA14 for the second time. This adds confirmation to price movements and helps filter out false signals.
Conditional BUY/SELL Alerts:
BUY Alert: Triggered when the price closes above the EMA14 after a previous SELL signal, indicating a potential trend reversal or breakout to the upside.
SELL Alert: Triggered when the price closes below the EMA14 after a previous BUY signal, signaling a possible shift to the downside.
Advanced Crossover Tracking:
The script counts each crossover of the price relative to the EMA14, generating a BUY or SELL signal on the second instance to provide additional confirmation of trend strength.
Visual Alerts: Labels are plotted directly on the chart to highlight when a BUY or SELL signal has occurred, providing immediate visual feedback for traders to react in real-time.
How It Works:
The script combines the simplicity of EMA14 with enhanced logic that tracks both crossovers and closes relative to the moving average. This ensures that the signals are based not only on quick movements but also on price confirmation, reducing noise and false breakouts.
This script is perfect for traders who rely on moving average strategies and want additional filtering to confirm trends and optimize trade timing.
Charan_Trading_IndicatorCharan_Trading_Indicator Overview:
The Charan_Trading_Indicator combines several technical analysis tools, including Bollinger Bands, RSI (Relative Strength Index), VWAP (Volume-Weighted Average Price), and ATR (Average True Range), to provide buy and sell signals. The script incorporates multiple strategies, such as crack snap setups, overbought/oversold levels, and trend continuation indicators, all tailored for precise market entry and exit points.
Key Components:
RSI (Relative Strength Index):
The indicator uses RSI to detect overbought (RSI > 70) and oversold (RSI < 30) market conditions.
Alerts are triggered when prices are within the specified buy/sell range and RSI crosses these thresholds.
Bollinger Bands:
Bollinger Bands are calculated based on a configurable moving average and standard deviation.
The script identifies potential buy signals when the price dips below the lower Bollinger Band and recovers, and sell signals when the price exceeds the upper Bollinger Band and retraces.
Crack Snap Strategies:
The indicator incorporates multiple variations of the crack snap strategy:
Buy Signals: Triggered when price opens below the lower Bollinger Band and closes above it, alongside certain conditions in previous candles.
Sell Signals: Triggered when price opens above the upper Bollinger Band and closes below it, with similar candle patterns.
Variations such as 3-candle (3C) and 4-candle (4C) versions refine the crack snap setups for more robust signals.
Isolated Candle Conditions:
The indicator tracks isolated candles, where the entire candle lies above or below the Bollinger Bands, to identify potential reversal points.
Trend Continuation Signals:
Conditions based on the candle range and previous highs/lows allow the indicator to generate signals for trend continuation:
Buy signals when price breaks above the previous two highs.
Sell signals when price breaks below the previous two lows.
VWAP (Volume-Weighted Average Price):
The indicator integrates VWAP to give additional support and resistance levels, ensuring signals align with volume trends.
ATR-Based Stop Loss:
For both buy and sell conditions, the script plots stop-loss levels based on the ATR (Average True Range), giving dynamic risk management levels.
Buy/Sell Ranges:
The user can set minimum and maximum price ranges for buy and sell signals, ensuring that the indicator only generates alerts within desired price ranges.
How It Works:
Buy Signals: The script generates buy signals based on multiple conditions, including the crack snap strategy, oversold RSI levels, and trend continuation setups. When these conditions are met, green triangles appear below the price bars, and an alert is triggered.
Sell Signals: Sell signals are triggered when the opposite conditions are met (overbought RSI, crack snap sell setups, trend breaks), and red triangles appear above the price bars.
Visual Indicators: The script plots upper and lower Bollinger Bands, stop loss levels, and VWAP on the chart, providing a comprehensive view of market conditions and support/resistance levels.
This indicator is versatile, combining multiple technical tools for robust decision-making in trading. It generates alerts, plots visual markers, and integrates risk management, making it a well-rounded tool for technical analysis.
This indicator is versatile, combining multiple technical tools for robust decision-making in trading. It generates alerts, plots visual markers, and integrates risk management, making it a well-rounded tool for technical analysis.
OVN H/L OVN H/L (Overnight High/Low)
Description:
The "OVN H/L" indicator is designed to plot the highest and lowest price levels within a specified time interval on your chart. This tool is especially useful for traders who focus on key support and resistance levels established during specific trading sessions, such as overnight or pre-market hours.
Features:
Custom Time Interval: Input your desired start and end times in HH
format (UTC+0). Handles intervals that span midnight seamlessly. Session Count Control: Choose the number of past sessions to display on the chart. Helps keep your chart organized by limiting the number of lines. Line Extension Options: Option to extend lines indefinitely to the right. If disabled, lines can be set to end or be interrupted upon price crossing. Upper and Lower Line Customization: Color Selection: Customize the color of the upper (high) and lower (low) lines separately. Line Width: Adjust the thickness of the lines from 1 to 5. Line Style: Choose between solid, dashed, or dotted lines for both upper and lower lines. Dynamic Line Management: Automatically updates high and low levels during the specified interval. Draws lines after the interval ends, reflecting the captured high and low. Price Interaction Detection: If line extension is disabled, lines will adjust if the price crosses them, providing visual cues.
Usage:
Overnight Trading: Identify key high and low levels from overnight sessions that may influence the upcoming trading day. Intraday Analysis: Customize the time interval to focus on specific market sessions (e.g., London or New York sessions). Support and Resistance Levels: Use the plotted lines as potential support and resistance zones for trading strategies.
How to Use:
Apply the Indicator: Add the "OVN H/L" indicator to your chart from the TradingView indicator library. Configure Time Settings: In the indicator settings, set the start and end times for the interval you're interested in. Adjust Appearance: Customize the colors, widths, and styles of the upper and lower lines to your preference. Set Session Display: Determine how many previous sessions' lines you wish to display. Line Extension Preference: Decide whether you want the lines to extend indefinitely or to end/interact based on price movement. Analyze Price Action: Use the high and low lines to identify key levels for potential entries, exits, or stop-loss placements.
Notes:
Time Zones: The script uses UTC+0 for time calculations. Ensure you adjust the input times accordingly if your chart is in a different timezone. Compatibility: Best used on intraday timeframes where sessions and intervals are relevant. Limitations: The indicator may not display correctly on historical data beyond the number of sessions specified.
Conclusion:
The "OVN H/L" indicator is a versatile tool that enhances your chart analysis by highlighting significant price levels within custom time intervals. By visualizing these critical zones, traders can make more informed decisions and refine their trading strategies.
Yesterday's Levels with 50% wick and Equilibrium## Script Description
This Pine Script indicator highlights key levels from the previous day’s daily candle on any timeframe chart. It focuses exclusively on marking the following:
1. **Previous Day’s High, Low, Open, and Close**:
- Horizontal lines are drawn to indicate the previous day's high, low, open, and close prices.
- These lines are white and extend across the chart.
2. **50% of Candle Wicks**:
- If the previous day’s candle has wicks, two additional lines mark 50% of the top wick and 50% of the bottom wick.
- These lines are green and dotted, representing half the wick’s height.
3. **Equilibrium (50% of the Full Candle)**:
- A horizontal red line marks the midpoint (equilibrium) of the entire previous day’s candle, from high to low.
- This line is thicker than the others to emphasize the equilibrium level.
The script works by focusing only on the previous day’s daily candle, ensuring that it doesn’t plot lines for any older candles. These levels are visible on all timeframes.
RCYC Bullish Bearish Indicator
Summary: The RCYC Bullish Bearish Indicator is a custom trading tool designed to help traders identify potential bullish and bearish conditions in the market using a combination of KDJ and RSI indicators. This indicator uses color-coded candles to visually represent bullish and bearish signals, making it easy to identify trend changes on the chart. The script is particularly useful for traders who prefer visual signals and want to incorporate both trend momentum (KDJ) and relative strength (RSI) in their analysis.
Description:
The RCYC Bullish Bearish Indicator is a unique mashup of the KDJ and RSI indicators, optimized to provide a clear visual representation of market conditions through color-coded candles. This indicator not only identifies the potential trend shifts but also provides alerts for significant crossover points, enhancing a trader's ability to make informed decisions.
How It Works:
KDJ Calculation:
The KDJ is a variation of the Stochastic Oscillator that includes the %J line, which can go beyond the typical 0-100 range of %K and %D.
The KDJ component of this indicator calculates the highest high and lowest low over a specified period (KDJ Length), using these values to derive the %K line.
The %D line is a smoothed version of %K, and the %J line is derived from %K and %D using the formula: J = 3 * %K - 2 * %D.
This indicator focuses on the behavior of the %J line in relation to a mid-point level (50), identifying crossovers and crossunders that signal potential shifts in market sentiment.
RSI Calculation:
The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is widely used to identify overbought or oversold conditions.
In this indicator, RSI values are adjusted and plotted to align visually with the KDJ values, providing a complementary momentum analysis.
Crossover Logic and Candle Coloring:
The indicator tracks two main events:
CrossOver50: When the %J line crosses above the 50 level, indicating potential bullish momentum.
CrossUnder50: When the %J line crosses below the 50 level, indicating potential bearish momentum.
Depending on the crossover events, the script changes the color of the candles on the chart:
Red candles on the initial crossover above 50, followed by dark blue candles to maintain bullish sentiment.
Yellow candles on the initial crossover below 50, followed by light blue candles to maintain bearish sentiment.
Alerts:
The indicator includes alert conditions for both bullish and bearish signals:
Red Candle Alert: Notifies the trader when the %J line crosses above 50.
Yellow Candle Alert: Notifies the trader when the %J line crosses below 50.
These alerts allow traders to react promptly to key market signals without continuously monitoring the chart.
Usage and Benefits:
This indicator is designed for traders looking to combine momentum and trend analysis into a single visual tool. It is particularly useful for those trading in trending markets or looking for entry/exit signals based on momentum shifts.
The color-coded candles provide an intuitive way to assess market conditions at a glance, reducing the complexity associated with analyzing multiple indicators separately.
By integrating both KDJ and RSI, the RCYC Bullish Bearish Indicator offers a balanced approach to trend detection and momentum confirmation, making it versatile for various trading styles, including scalping, swing trading, and position trading.
Originality and Usefulness:
While the indicator builds upon the familiar concepts of KDJ and RSI, it uniquely merges them into a cohesive visual tool with distinct crossover-based alerts and candle coloring.
This approach makes the indicator original, as it simplifies the interpretation of complex signals into straightforward visual cues, enhancing the decision-making process for traders who prefer chart-based analysis.
ICT Vacuum BlocksThe indicator draws a box between the closing price of one candle and the opening price of the next whenever a gap occurs, helping traders easily spot potential areas of interest where the market has skipped over price levels. The boxes do not extend beyond the gap itself, keeping the chart clean and focused on the price action.
Features:
Detects both upward and downward gaps.
Non-extending boxes that accurately represent the size of each gap.
Customizable colors for up and down gaps to match your chart style.
best indicator at 15 minut This Pine Script code builds an indicator called EMA Crossover with Historical Price Projection that combines two components:
EMA Crossover Strategy:
EMA 9 and EMA 21: The script calculates two exponential moving averages (EMAs) using the ta.ema() function. The crossover between these EMAs generates buy/sell signals.
A bullish crossover (when EMA 9 crosses above EMA 21) signals a buy.
A bearish crossover (when EMA 9 crosses below EMA 21) signals a sell.
These buy/sell signals are visualized on the chart using the plotshape() function with green and red symbols.
Historical Price Projection:
The code projects future prices based on historical price trends. It takes into account growth factors (user-defined drift percentages) to estimate future prices.
Projection Line: It draws a projection line from the anchor point (set by the user) using historical data. The drift factor allows you to control the projection's slope.
Forecasting Area: It shows an optional area around the projected price, adjusting the width with a user-defined growth factor for the forecast's uncertainty.
Key Sections:
Inputs:
User-defined inputs for controlling the growth factor, line styles, and forecasting area settings.
An anchoring point is provided to determine from which bar the price projection should start.
EMA Crossover:
The crossover conditions for EMA 9 and EMA 21 are defined, and the script generates buy and sell signals at those crossovers.
Historical Price Projection:
It stores the percentage changes between bars in barDeltaPercents.
It projects the future price based on these percentages and the user-defined drift factor.
The projected price is visualized using polyline.new(), and a shaded area can be added to show the range of price possibilities.
Execution Logic:
The script runs when the current time is greater than the anchor point.
If the anchor point is too far back in history, it gives a warning via the showInfoPanel function.
As new bars are confirmed, the drift is calculated, and the projection line and area are updated based on historical price changes.
Overall Flow:
It gathers price data up to 500 bars from the anchor point.
Based on the historical price trend, it forecasts the future price with a projection line and an optional shaded area.
The crossover logic for EMA 9 and 21 provides actionable signals on when to buy or sell.
PATTERNPULSE / Stttrading F.VelazquezPATTERNPULSE
Discover a powerful tool for market analysis with the Velas Engulfing + RSI Indicator. Crafted by Stttrading Franco Velazquez, this indicator seamlessly blends engulfing candle patterns with the precision of the RSI filter. What sets it apart is its unique approach – signals are exclusively generated when the RSI reaches overbought or oversold conditions, providing a distinctive edge over conventional engulfing candle indicators.
Key Features :
Engulfing Candle Patterns: Identify both bullish and bearish engulfing candle formations.
RSI Integration: Harness the strength of the RSI indicator to evaluate market momentum and potential reversals.
Visual Signals: Enjoy clear and intuitive signals directly on your chart for seamless decision-making.
Configurable Alerts: Tailor the indicator to your preferences with customizable alerts for timely notifications.
Usage Instructions:
Engulfing Candles:
Visualize bullish and bearish candles through green and red triangles, respectively.
Capitalize on buying opportunities when bullish candles emerge and consider selling when bearish candles unfold.
RSI Indicator:
Leverage the RSI indicator to gauge overbought and oversold market conditions.
Fine-tune RSI levels based on your trading strategy and risk tolerance.
Alert System:
Set up alerts to stay informed about crucial market movements, ensuring you never miss a trading opportunity.
Custom Configuration:
RSI Source: Customize the data source for RSI calculations to suit your analysis.
RSI Length: Define the length of the RSI period for precise adjustments.
RSI Overbought and Oversold Levels: Tailor the overbought and oversold RSI thresholds to align with your trading preferences.
Important Note: Always conduct thorough analysis and implement proper risk management before executing trades.
Volume Profile in PatternPulse:
In the paid version of the PatternPulse indicator, an advanced Volume Profile tool is included, offering a detailed view of how volume is distributed across different price levels over a specific period. Here's how it works:
Show Volume Profile: You can toggle the display of the volume profile on the chart using the Show VP option.
Depth and Number of Bars Configuration: The tool allows you to adjust the Volume Profile Lookback Depth, which defines how many periods back will be analyzed to calculate the volume profile. You can also set the number of bars (VP Number of Bars) to be displayed on the chart, as well as the bar length and width to customize its appearance.
Delta Type: You can choose from different delta types for the volume profile: Bullish, Bearish, or Both. This enables you to focus on volumes associated with bullish price movements, bearish movements, or both.
Point of Control (POC): The tool also offers an option to extend the Point of Control (POC) line on the volume profile. The POC represents the price level with the highest traded volume during the analyzed period.
Customizable Colors: You can customize the colors of the volume profile bars and the Point of Control (POC) to match your visual preferences.
How to Use It:
The volume profile helps identify price levels where significant volume has been traded, which can be crucial for determining key support and resistance levels in the market. Adjust the parameters to fit your needs for a clear and precise visualization that supports your technical analysis.
Info Box in PatternPulse
In the paid version of PatternPulse, you'll find an info box that provides a comprehensive view of various market aspects. Here's how it works:
General Information: At the top of the info box, you'll see the title "PATTERNPULSEVIP® Info. BOX" in grey with orange text. This title helps you identify that you are viewing the information section.
CCL Dollar: The info box displays the value of the CCL (Contado con Liquidación) dollar for Argentina, which is an important reference for investors in that market.
Indices and Metals: This section includes information on the US Dollar Index (DXY), the Euro Index (EXY), as well as the prices of gold and silver.
Crypto Dominance: Here, you'll see the dominance of Bitcoin (BTC) and Ethereum (ETH) in the cryptocurrency market, helping you understand the influence of these cryptocurrencies on the global market.
MACD: The info box shows the current MACD (Moving Average Convergence Divergence) trend. The trend can be bullish or bearish, providing additional insight into market direction.
RSI: The current RSI (Relative Strength Index) value is also displayed. If the RSI indicates overbought conditions (above 75), the info box will turn teal with white text. If it indicates oversold conditions (below 25), the info box will turn maroon with white text.
Customization: You can adjust the horizontal offset of the info box from the chart and change the style and color of the text to suit your visual preferences.
This info box provides key data at a glance, making it easier to make informed decisions in your technical analysis. Adjust the settings according to your needs to get the most relevant information for your trading strategy.
Bollinger Bands in PatternPulse
In the paid version of PatternPulse, we’ve added the Bollinger Bands (BB) indicator to help you analyze market volatility and trends. Here’s a breakdown of how to use it:
1. Display Options:
Show BB: You can toggle the visibility of the Bollinger Bands on your chart using the "Show BB" option.
2. Configuration:
Length: Adjust the length of the moving average used to calculate the Bollinger Bands. The default is set to 20 periods, but you can modify it to fit your trading strategy.
Source: Choose the data source for the Bollinger Bands calculation, with the default being the closing price.
Standard Deviation: Set the number of standard deviations away from the moving average for the upper and lower bands. The default is 2.0, which is commonly used.
3. Plotting:
Basis: The middle line (basis) of the Bollinger Bands is plotted, which is a simple moving average (SMA) of the specified length.
Upper and Lower Bands: The upper and lower bands are plotted based on the standard deviation from the basis line.
Offset: Adjust the horizontal position of the bands on your chart to better align with your analysis needs.
4. Visualization:
Color: The Bollinger Bands and their background fill are color-coded for easy interpretation. The default colors are shades of blue, but you can customize them if needed.
These Bollinger Bands will help you to visualize price volatility and identify potential market opportunities based on how the price interacts with these bands. Adjust the settings according to your trading preferences to get the most out of this feature.
Parabolic SAR in PatternPulse
In the advanced version of PatternPulse, we've added the Parabolic SAR (PSAR) to help you identify potential trend changes in the market. Here's how this tool works:
1. Activating the Indicator:
Show PSAR: You can toggle the visibility of the Parabolic SAR using the "Show PSAR" option. This controls whether the indicator is displayed on your chart.
2. PSAR Settings:
Start: Adjust the initial value for the PSAR calculation. This value sets the starting point for the acceleration of the indicator.
Increment: Defines the rate at which the PSAR increases. This value increases the acceleration parameter with each new high or low.
Maximum Value: Sets the upper limit for the acceleration parameter. This prevents the indicator from moving too quickly in high-volatility conditions.
3. Visualization:
Color of the Dots: The PSAR dots are displayed in teal if the indicator is below the closing price, indicating a bullish trend. They are shown in maroon if the indicator is above the closing price, indicating a bearish trend.
How to Use It: The Parabolic SAR is useful for identifying potential reversal points in the market. When the indicator switches position relative to the price, it can signal a potential trend change. Use this indicator in conjunction with other analysis tools to make more informed trading decisions.
User Explanation EMAs
This part of the indicator utilizes Exponential Moving Averages (EMAs) to help you identify trends and potential entry or exit points in the market. Here’s how they work and how you can customize them:
What are EMAs?
Exponential Moving Averages (EMAs) are indicators that smooth out historical prices to identify the direction of the trend. Unlike Simple Moving Averages, EMAs give more weight to recent prices, making them more responsive to current price changes.
How Each EMA Works:
1° EMA (Adjustable Length):
Purpose: The first EMA provides a short-term view and can help identify recent movements and potential quick trend changes.
Customization: You can adjust the length of this EMA (number of periods) using the "1° EMA length" option.
2° EMA (Adjustable Length):
Purpose: The second EMA acts as a smoother filter, helping to confirm or discredit signals from the first EMA.
Customization: Adjust its length with "2° EMA length".
3° EMA (Adjustable Length):
Purpose: The third EMA provides a longer-term view, helping to identify mid-term trends and significant turning points.
Customization: Modify its length via "3° EMA length".
4° EMA (Adjustable Length):
Purpose: The fourth EMA represents the long-term trend, offering a perspective on the market’s overall direction.
Customization: Change its length using "4° EMA length".
Customizable Colors:
You can choose the colors for each EMA through the provided color options. This allows you to distinguish each EMA on your chart easily and customize its appearance according to your preferences.
EMA Crosses:
Small Crosses (1° and 2° EMAs):
Functionality: When the 1° EMA crosses above the 2° EMA, it may signal a buy (bullish cross). When it crosses below, it may signal a sell (bearish cross).
Visualization: You can enable or disable the display of these small crosses.
Large Crosses (3° and 4° EMAs):
Functionality: Crosses between the 3° and 4° EMAs help identify more significant trend changes. A bullish cross may indicate an uptrend, while a bearish cross may signal a downtrend.
Visualization: You can also enable or disable these large crosses on your chart.
How to Use This Information:
Trend Identification: EMAs help you see whether the market is in an uptrend or downtrend, and crosses between them can indicate potential trading opportunities.
Entry/Exit Signals: Crosses between EMAs can signal optimal times to enter or exit a position.
This set of EMAs provides you with a clear view of different time frames in the market, allowing you to make more informed trading decisions based on the current trend and price changes.
Support and Resistance
Support and Resistance levels are essential tools in technical analysis, helping traders identify key price levels where the market might reverse or pause. This feature of the indicator provides visual markers for these levels and tracks how the price interacts with them.
Parameters:
Lookback Range: Defines the number of bars to look back when identifying pivot points. A larger value considers more historical data.
Bars Since Breakout: Determines how many bars should have passed since a breakout to detect a potential retest.
Retest Detection Limiter: Limits the number of bars actively checked for confirming a retest after a breakout.
Breakouts and Retests: Options to enable or disable detection for breakouts and retests.
Repainting: Controls how the indicator updates based on different criteria such as candle confirmation or high/low values. This affects how often and in what way the indicator adjusts its markings.
Pivot Points:
Pivot Low and High: The indicator identifies key support (pivot lows) and resistance (pivot highs) points based on the historical price action within the defined lookback range.
Boxes and Labels:
Drawing Boxes: Visual boxes are drawn to represent support and resistance levels. These boxes adjust dynamically with price changes and can extend based on user settings.
Breakout Labels: Labels are created when a breakout occurs, marking the point where the price crosses these support or resistance levels.
Retest Labels: When a potential retest is detected, the indicator can label it to signal areas where the price might test the broken support or resistance.
Customization Options:
Box and Label Styling: Users can customize the style, color, and size of the boxes and labels representing support and resistance.
Text Color Override: Option to change the color of text labels independently from the default color settings.
Key Benefits:
Visual Clarity: Easily identify important levels on the chart.
Dynamic Updates: Levels adjust as new price data comes in, providing relevant and up-to-date information.
Customization: Tailor the appearance and behavior of the support and resistance markings to fit your trading style.
This feature enhances your chart analysis by clearly marking critical levels and events, making it easier to spot potential trading opportunities.
Explanation of the Simple Moving Averages (SMA) Functionality
Simple Moving Averages (SMAs) are technical analysis tools used to smooth out price data and identify market trends. This part of the code allows you to add two SMAs to the chart with customizable settings.
Configuration Parameters:
Show SMA 1 and SMA 2: Enables or disables the display of each moving average. You can choose to show SMA 1, SMA 2, or both on your chart.
SMA Length: Defines the number of periods used to calculate each SMA. For example, a length of 14 for SMA 1 and 50 for SMA 2. A longer length smooths the line more, while a shorter length follows price movements more closely.
SMA Source: Sets which price data (e.g., closing price) is used to calculate the SMA.
Color and Width of SMA: Allows you to customize the color and width of each SMA line to fit your visual preference or to clearly distinguish between different SMAs on the chart.
SMA Style: Provides options to change the line style of the SMA to solid, dashed, or dotted, so you can personalize the appearance according to your analysis style.
SMA Calculation:
Calculation: The SMA is calculated by averaging the closing prices (or selected source) over the specified number of periods. This helps to smooth out daily price fluctuations and reveals the overall trend.
Visualization:
Plot for SMA 1 and SMA 2: Draws the SMA lines on the chart according to the specified settings. If you choose to hide an SMA, it will not appear on the chart.
Line Style: The line is drawn according to the selected style (solid, dashed, or dotted), and you can adjust the thickness and color to suit your visual needs.
Key Benefits:
Trend Clarity: SMAs help smooth out price movement and allow you to see the general trend in the market.
Customization: You can adjust the length, color, thickness, and style of the lines to fit your analysis and visual preferences.
Facilitates Analysis: SMAs can be used to identify crossings and important trading signals, such as when a short-term SMA crosses above or below a longer-term SMA.
This functionality provides you with powerful tools to adjust and customize how moving averages are presented on your charts, making it easier to identify trends and signals in the market.
Thank you for exploring the features of our indicator! We hope you find the customization options and tools provided, including the Simple Moving Averages, valuable for your trading analysis. If you have any questions or need further assistance, please feel free to reach out.
We invite you to try out the complete PatternPulse indicator to experience its full range of functionalities and see how it can enhance your trading strategies. Your feedback is always appreciated!
Happy trading!
Multi-Asset Cross Timeframe Divergence Ind. (MACDI) // AlgoFyreThe Multi-Asset Cross Timeframe Divergence Indicator (MACDI) identifies divergences in momentum like RSI across multiple assets and timeframes. It visually highlights lagging correlated asset momentum divergences, helping traders spot inefficiencies and potential trade opportunities in the following asset.
🔶 KEY FEATURES
🔸Average Momentum Trendline for Each Timeframe
The Average Momentum Trendline feature calculates the average momentum of multiple assets over specified timeframes. It uses smoothed values to determine the momentum trend for each timeframe on the average aggregated momentum of both assets. This trendline helps traders identify the overall direction of the market momentum, providing a clearer picture of potential price movements.
🔸Real-time Divergence Indication and Alert Table
The Real-time Divergence Indications and Alert Table feature visualizes detected divergences between the momentum values of the two assets across different timeframes. It identifies both bullish and bearish divergences, signaling lagging reversals in the the following asset and potential trading opportunities. When a divergence is detected, the system generates real-time visual indications on the chart and in an overview table for traders to act promptly. The alert table provides a comprehensive overview of all detected divergences, making it easier for traders to monitor and respond to market changes.
🔸Color and Size Based Labels on Price Chart based on Divergence Type
The Color and Size Based Labels feature visually represents divergences directly on the price chart. Bullish and bearish divergences are marked with distinct colors and sizes, making them easily identifiable at a glance. Larger labels indicate higher timeframes and thus generally more significance.
🔶 INSTRUCTION GUIDELINES
🔸Identify Divergence Clusters
The more divergences align, the higher the probability of a potential trend reversal in the asset. When multiple multi-timeframe divergences occur in both lower and higher timeframes within a local cluster, the probability of a reversal increases. This is valid for both for bullish and bearish divergences.
🔸Spot Low Probability Divergences
To further increase the probability, analyze the current state of the average momentum trendline. For a bullish reversal, a relatively low level of the average momentum trendline is preferred, whereas for a bearish reversal, a relatively high level is preferred.
🔶 INDIVIDUAL CONFIGURATION
🔸Leading Asset
This input allows the user to select the leading asset for the divergence analysis.
🔸Following Asset
This input allows the user to select the following asset for the divergence analysis.
🔸Higher Timeframe
This input sets the higher timeframe for the analysis.
🔸Lower Timeframe
This input sets the lower timeframe for the analysis.
🔸Show RSI Divergence
This input enables or disables the display of RSI divergence signals.
🔸RSI Length
This input sets the length of the RSI calculation.
🔸RSI Source
This input sets the source data for the RSI calculation (e.g., close price).
🔸RSI Smoothing Length
This input sets the length of the smoothing applied to the RSI values.
🔸Smoothing Method
This input sets the method used for smoothing the RSI values.
🔶 CONCLUSION
The Multi-Asset Cross Timeframe Divergence Indicator (MACDI) is a powerful tool for identifying momentum divergences across multiple assets and timeframes. Its visual cues and customizable table make it easy to use and interpret, providing valuable insights for trading decisions.
Liquidity strategy tester [Influxum]This tool is based on the concept of liquidity. It includes 10 methods for identifying liquidity in the market. Although this tool is presented as a strategy, we see it more as a data-gathering instrument.
Warning: This indicator/strategy is not intended to generate profitable strategies. It is designed to identify potential market advantages and help with identifying effective entry points to capitalize on those advantages.
Once again, we have advanced the methods of effectively searching for liquidity in the market. With strategies, defined by various entry methods and risk management, you can find your edge in the market. This tool is backed by thorough testing and development, and we plan to continue improving it.
In its current form, it can also be used to test well-known ICT or Smart Money concepts. Using various methods, you can define market structure and identify areas where liquidity is located.
Fair Value Gaps - one of the entry signal options is fair value gaps, where an imbalance between buyers and sellers in the market can be expected.
Time and Price Theory - you can test this by setting liquidity from a specific session and testing entries as that liquidity is grabbed
Judas Swing - can be tested as a market reversal after a breakout during the first hours of trading.
Power of Three - accumulation can be observed as the market moving within a certain range, identified as cluster liquidity in our tool, manipulation occurs with the break of liquidity, and distribution is the direction of the entry.
🟪 Methods of Identifying Liquidity
Pivot Liquidity
This refers to liquidity formed by local extremes – the highest or lowest prices reached in the market over a certain period. The period is defined by a pivot number and determines how many candles before and after the high/low were higher/lower. Simply put, the pivot number represents the number of adjacent candles to the left and right, with a lower high for a pivot high and a higher low for a pivot low. The higher the number, the more significant the high/low is. Behind these local market extremes, we expect to find orders waiting for breakout as well as stop-losses.
Gann Swing
Similar to pivot liquidity, Gann swing identifies significant market points. However, instead of candle highs and lows, it focuses on the closing prices. A Gann swing is formed when a candle closes above (or below) several previous closes (the number is again defined by a strength parameter).
Percentage Change
Apart from ticks, percentages are also a key unit of market movement. In the search for liquidity, we monitor when a local high or low is formed. For liquidity defined by percentage change, a high must be a certain percentage higher than the last low to confirm a significant high. Similarly, a low must be a defined percentage away from the last significant high to confirm a new low. With the right percentage settings, you can eliminate market noise.
Session Range (3x)
Session range is a popular concept for finding liquidity, especially in smart money concepts (SMC). You can set up liquidity visualization for the Asian, London, or New York sessions – or even all three at once. This tool allows you to work with up to three sessions, so you can easily track how and if the market reacts to liquidity grabs during these sessions.
Tip for traders: If you want to see the reaction to liquidity grab during a specific session at a certain time (e.g., the well-known killzone), you can set the Trading session in this tool to the exact time where you want to look for potential entries.
Unfinished Auction
Based on order flow theory, an unfinished auction occurs when the market reverses sharply without filling all pending orders. In price action terms, this can be seen as two candles at a local high or low with very similar or identical highs/lows. The maximum difference between these values is defined as Tolerance, with the default setting being 3 ticks. This setting is particularly useful for filtering out noise during slower market periods, like the Asian session.
Double Tops and Bottoms
A very popular concept not only from smart money concepts but also among price pattern traders is the double bottom and double top. This occurs when the market stops and reverses at a certain price twice in a row. In the tool, you can set how many candles apart these bottoms/tops can be by adjusting the Length parameter. According to some theories, double bottoms are more effective when there is a significant peak between the two bottoms. You can set this in the tool as the Swing value, which defines how large the movement (expressed in ticks) must be between the two peaks/bottoms. The final parameter you can adjust is Tolerance, which defines the possible price difference between the two peaks/bottoms, also expressed in ticks.
Range or Cluster Liquidity
When the market stays within a certain price range, there’s a chance that breakout orders and stop-losses are accumulating outside of this range. Our tool defines ranges in two ways:
Candle balance calculates the average price within a candle (open, high, low, and close), and it defines consolidation when the centers of candles are within a certain distance from each other.
Overlap confirms consolidation when a candle overlaps with the previous one by a set percentage.
Daily, Weekly, and Monthly Highs or Lows
These options simply define liquidity as the previous day’s, week’s, or month’s highs or lows.
Visual Settings
You can easily adjust how liquidity is displayed on the chart, choosing line style, color, and thickness. To display only uncollected liquidity, select "Delete grabbed liquidity."
Liquidity Duration
This setting allows you to control how long liquidity areas remain valid. You can cancel liquidity at the end of the day, the second day, or after a specific number of candles.
🟪 Strategy
Now we come to the part of working with strategies.
Max # of bars after liquidity grab – This parameter allows you to define how many candles you can search for entry signals from the moment liquidity is grabbed. If you are using engulfing as an entry signal, which consists of 2 candles, keep in mind that this number must be at least 2. In general, if you want to test a quick and sharp reaction, set this number as low as possible. If you want to wait for a structural change after the liquidity grab, which may require more candles, set the number a bit higher.
🟪 Strategy - entries
In this section, we define the signals or situations where we can enter the market after liquidity has been taken out.
Liquidity grab - This setup triggers a trade immediately after liquidity is grabbed, meaning the trade opens as the next candle forms.
Close below, close above - This refers to situations where the price closes below liquidity, but then reverses and closes above liquidity again, suggesting the liquidity grab was a false breakout.
Over bar - This occurs when the entire candle (high and low) passes beyond the liquidity level but then experiences a pullback.
Engulfing - A popular price action pattern that is included in this tool.
2HL - weak, medium, strong - A variation of a popular candlestick pattern.
Strong bar - A strong reactionary candle that forms after a liquidity grab. If liquidity is grabbed at a low, this would be a strong long candle that closes near its high and is significantly larger compared to typical volatility.
Naked bar - A candlestick pattern we’ve tested that serves as a good confirmation of market movement.
FVG (Fair Value Gap) - A currently popular concept. This is the only signal with additional settings. “Pending FVG order valid” means if a fair value gap forms after a liquidity grab, a limit order is placed, which remains valid for a set number of candles. “FVG minimal tick size” allows you to filter based on the gap size, measured in ticks. “GAP entry model” lets you decide whether to place the limit order at the gap close or its edge.
🟪 Strategy - General
Long, short - You can choose whether to focus on long or short trades. It’s interesting to see how long and short trades yield different results across various markets.
Pyramiding - By default, the tool opens only one trade at a time. If a new signal arises while a trade is open, it won’t enter another position unless the pyramiding box is checked. You also need to set the maximum number of open trades in the Properties.
Position size - Simply set the size of the traded position.
🟪 Strategy - Time
In this section, you can set time parameters for the strategy being tested.
Test since year - As the name implies, you can limit the testing to start from a specific year.
Trading session - Define the trading session during which you want to test entries. You can also visualize the background (BG) for confirmation.
Exclude session - You can set a session period during which you prefer not to search for trades. For example, when the New York session opens, volatility can sharply increase, potentially reducing the long-term success rate of the tested setup.
🟪 Strategy - Exits
This section lets you define risk management rules.
PT & SL - Set the profit target (PT) and stop loss (SL) here.
Lowest/highest since grab - This option sets the stop loss at the lowest point after a liquidity grab at a low or at the highest point after a liquidity grab at a high. Since markets usually overshoot during liquidity grabs, it’s good practice to place the stop loss at the furthest point after the grab. You can also set your risk-reward ratio (RRR) here. A value of 1 sets an RRR of 1:1, 2 means 2:1, and so on.
Lowest/highest last # bars - Similar to the previous option, but instead of finding the extreme after a liquidity grab, it identifies the furthest point within the last number of candles. You can set how far back to look using the # bars field (for an engulfing pattern, 2 is optimal since it’s made of two candles, and the stop loss can be placed at the edge of the engulfing pattern). The RRR setting works the same way as in the previous option.
Other side liquidity grab - If this option is checked, the trade will exit when liquidity is grabbed on the opposite side (i.e., if you entered on a liquidity grab at a low, the trade will exit when liquidity is grabbed at a high).
Exit after # bars - A popular exit strategy where you close the position after a set number of candles.
Exit after # bars in profit - This option exits the trade once the position is profitable for a certain number of consecutive candles. For example, if set to 5, the position will close when 5 consecutive candles are profitable. You can also set a maximum number of candles (in the max field), ensuring the trade is closed after a certain time even if the profit condition hasn’t been met.
🟪 Alerts
Alerts are a key tool for traders to ensure they don’t miss trading opportunities. They also allow traders to manage their time effectively. Who would want to sit in front of the computer all day waiting for a trading opportunity when they could be attending to other matters? In our tool, you currently have two options for receiving alerts:
Liquidity grabs alert – if you enable this feature and set an alert, the alert will be triggered every time a candle on the current timeframe closes and intersects with the displayed liquidity line.
Entry signals alert – this feature triggers an alert when a signal for entry is generated based on the option you’ve selected in the Entry type. It’s an ideal way to be notified only when a trading opportunity appears according to your predefined rules.
Bull/Bear Ratio By Month Table [MsF]Japanese below / 日本語説明は英文の後にあります。
-------------------------
This is an indicator that shows monthly bull-bear ratio in a table.
By specifying the start year and end year, the ratio will be calculated and showed based on the number of bullish and bearish lines in the monthly bar. It allows you to analyze the trend of each symbol and month (bullish / bearish). Up to 10 symbols can be specified.
You can take monthly bull-bear ratio for the past 10 or 20 years on the web, but with this indicator, you can narrow it down to the period in which you want to see the symbols you want to see. It is very convenient because you can take statistics at will.
Furthermore, if the specified ratio is exceeded, the font color can be changed to any color, making it very easy to read.
=== Parameter description ===
- From … Year of start of aggregation
- To … Year of end of aggregation
- Row Background Color … Row title background color
- Col Background Color … Column title background color
- Base Text Color … Text color
- Background Color … Background Color
- Border Color … Border Color
- Location … Location
- Text Size … Text Size
- Highlight Threshold … Ratio threshold, and color
- Display in counter? … Check if you want to show the number of times instead of the ratio
-------------------------
月別陰陽確率をテーブル表示するインジケータです。
開始年から終了年を指定することで、月足における陽線数および陰線数を元に確率を計算して表示します。
この機能により各シンボルおよび各月の特徴（買われやすい／売られやすい）を認識することができアノマリー分析が可能です。
シンボルは10個まで指定可能です。
過去10年、20年の月別陰陽確率は、Web上でよく見かけますが、このインジケータでは見たいシンボルを見たい期間に絞って、
自由自在に統計を取ることができるため大変便利です。
なお、指定した確率を上回った場合、文字色を任意の色に変更することができるため、大変見やすくなっています。
=== パラメータの説明 ===
- From … 集計開始年
- To … 集計終了年
- Row Background Color … 行タイトルの背景色
- Col Background Color … 列タイトルの背景色
- Base Text Color … テキストカラー
- Background Color … 背景色
- Border Color … 区切り線の色
- Location … 配置
- Text Size … テキストサイズ
- Highlight Threshold … 色変更する確率の閾値、および色
- Display in counter? … 確率ではなく回数表示する場合はチェックする
ICT Asian Range and KillzonesThis TradingView indicator highlights key trading sessions and their price ranges on a chart. It identifies the Asian Range and the Killzones for both the London Open and New York Open sessions. Here’s a brief breakdown:
Asian Range:
Defines the high and low price levels during the Asian trading session (between the specified start and end hours, default 00:00 to 04:00 UTC).
Plots horizontal lines to mark the highest and lowest prices reached during the Asian session.
Adds labels showing the values of these high and low points after the session ends.
London and New York Killzones:
Identifies the “Killzones” or key trading windows for the London Open (default 06:00 to 09:00 UTC) and the New York Open (default 11:00 to 14:00 UTC).
Tracks the high and low price levels within these windows and plots rectangles ("boxes") on the chart to visualize these ranges.
The boxes are color-coded and customizable, indicating potential areas of high market activity or volatility.
Customizable Visuals:
Users can adjust the colors, border widths, and other visual properties for better clarity and chart integration.
VSA Impulse with JOC and SC Forecast BoxesEnglish Description
**Script Title:** VSA Impulse with JOC and SC Forecast Boxes
**Description:**
This Pine Script™ indicator integrates Volume Spread Analysis (VSA) with impulse signals and forecast boxes to help traders visualize key market conditions and potential price movements.
**Features:**
1. **Impulse Movements**: Identifies bullish and bearish impulse movements based on price and volume changes.
- **Impulse Up**: Price is higher and volume is greater than the previous bar.
- **Impulse Down**: Price is lower and volume is greater than the previous bar.
2. **VSA Signals**: Detects specific VSA signals for analysis:
- **Stopping Action (SA)**: Bullish impulse with higher volume and price increase.
- **Spring (SP)**: Bullish impulse with lower volume and price drop.
- **No Demand (ND)**: Bearish impulse with lower volume and price increase.
- **Last Point of Support (LPS)**: Bullish impulse with higher volume and price drop.
- **Jump Over Creek (JOC)**: Bullish impulse with higher volume and price increase.
- **Selling Climax (SC)**: Bearish impulse with higher volume and price drop.
3. **Forecast Boxes**:
- **Jump Over Creek (JOC) Forecast Box**: Displays a green forecast box when a JOC signal is detected, projecting potential bullish movement.
- **Selling Climax (SC) Forecast Box**: Displays a red forecast box when an SC signal is detected, projecting potential bearish movement.
4. **Anomalous Volume Detection**: Highlights significant volume spikes above a set multiplier of the average volume with colored boxes and labels.
**Settings:**
- **Length**: Defines the period for calculating the average volume.
- **Anomalous Volume Multiplier**: Sets the threshold for identifying anomalous volumes.
- **Forecast Period**: Determines the duration for the forecast boxes.
**Visuals:**
- Colored forecast boxes for JOC (green) and SC (red) with corresponding labels.
- Signals for VSA with colored shapes and labels.
- Highlighted anomalous volumes with colored boxes and labels.
Русское описание
**Название скрипта:** Импульс VSA с прогнозными боксами JOC и SC
**Описание:**
Этот Pine Script™ индикатор интегрирует анализ объема и спреда (VSA) с импульсными сигналами и прогнозными боксами, чтобы помочь трейдерам визуализировать ключевые рыночные условия и потенциальные движения цен.
**Функции:**
1. **Импульсные движения**: Определяет бычьи и медвежьи импульсные движения на основе изменений цены и объема.
- **Импульс вверх**: Цена выше и объем больше предыдущего бара.
- **Импульс вниз**: Цена ниже и объем больше предыдущего бара.
2. **Сигналы VSA**: Обнаруживает специфические сигналы VSA для анализа:
- **Stopping Action (SA)**: Бычий импульс с увеличением объема и цены.
- **Spring (SP)**: Бычий импульс с уменьшением объема и падением цены.
- **No Demand (ND)**: Медвежий импульс с уменьшением объема и ростом цены.
- **Last Point of Support (LPS)**: Бычий импульс с увеличением объема и падением цены.
- **Jump Over Creek (JOC)**: Бычий импульс с увеличением объема и ростом цены.
- **Selling Climax (SC)**: Медвежий импульс с увеличением объема и падением цены.
3. **Прогнозные боксы**:
- **Прогнозный бокс Jump Over Creek (JOC)**: Показывает зеленый прогнозный бокс при обнаружении сигнала JOC, проецируя потенциальное бычье движение.
- **Прогнозный бокс Selling Climax (SC)**: Показывает красный прогнозный бокс при обнаружении сигнала SC, проецируя потенциальное медвежье движение.
4. **Обнаружение аномального объема**: Подчеркивает значительные всплески объема выше заданного множителя среднего объема с помощью цветных боксов и меток.
**Настройки:**
- **Length**: Определяет период для расчета среднего объема.
- **Множитель аномального объема**: Устанавливает порог для идентификации аномального объема.
- **Период прогноза**: Определяет продолжительность прогнозных боксов.
**Визуализация:**
- Цветные прогнозные боксы для JOC (зеленые) и SC (красные) с соответствующими метками.
- Сигналы VSA с цветными фигурами и метками.
- Подсвеченные аномальные объемы с цветными боксами и метками.
Gap Finder Pro (incl. Island Gaps)Hello Traders!
Unlock the power of gap trading with Gap Finder Pro , a comprehensive tool designed to identify, analyze, and visualize price gaps in any market. This advanced indicator goes beyond simple gap detection, offering you a wealth of features to enhance your gap trading strategies.
Key Features
Precise gap detection for both up and down gaps
Island gap identification and analysis
Detailed statistics for data-driven decision making
Customizable visual elements for clear chart analysis
Flexible settings to adapt to various trading styles and timeframes (works on daily and intraday charts)
Understanding and Trading Gaps
Price gaps occur when an asset opens at a different price than its previous close, creating a blank space on the chart. Gaps can signal significant market sentiment shifts and often present lucrative trading opportunities. Gap Finder Pro helps you capitalize on these opportunities
Island Gaps: A Powerful Trading Signal
Island gaps, a rare but potent chart pattern, occur when a gap is followed by a period of price consolidation and then another gap in the opposite direction. The indicator automatically detects and highlights these formations, allowing you to spot potential trend reversals or continuation patterns quickly.
Comprehensive Statistics
Make data-driven decisions with the built-in statistics panel. Analyze:
Total number of gaps (up and down)
Average and median gap sizes
Gap fill rates and average time to fill
Percentage of gaps filled within specific timeframes
Breakdown of gap types (standard vs. island)
These statistics empower you to understand market behavior better and refine your gap trading strategies over time.
Trading Strategies
Island Gap Reversals: Capitalize on the powerful reversal signals provided by island gaps.
Breakout Trading: Look for gaps in a V-formation as potential signs of strong trend continuation.
Gap Fill Trading: Use the indicator to identify unfilled gaps and set targets for potential mean reversion trades.
(For example, enter short for a up gap fill if a down candle closes below the previous candle's low.)
Statistical Edge: Leverage the comprehensive statistics to develop gap-based trading systems.
Whether you're a seasoned gap trader or looking to incorporate gap analysis into your trading strategy, Gap Finder Pro provides the tools and insights you need to make informed decisions in any market condition. Elevate your trading with this powerful, all-encompassing gap analysis indicator.
AndyB Combined ATR and Outside BarsAndyB Combined ATR and Outside Bars Indicator
This indicator integrates ATR (Average True Range) with outside bars to provide traders with a unique perspective on market momentum and volatility. By focusing exclusively on ATR and outside bars, this tool highlights key price action events that may signal trend continuation, reversals, or points of interest (POIs) for potential entry or exit points.
What Makes It Unique: This indicator stands out by combining two powerful concepts:
ATR Bars: ATR is a common volatility measure, but this indicator leverages it to detect price movements that exceed expected volatility ranges. When the price closes above or below the ATR-based thresholds, the indicator generates signals to help traders spot potential momentum shifts.
Outside Bars: Outside bars are price action patterns where a candle’s high surpasses the previous candle’s high, and its low dips below the previous candle’s low. These bars often indicate heightened volatility and can be a strong indicator of potential breakouts or reversals.
The combination of ATR and outside bars provides a unique approach to volatility-based trading, giving traders insight into market dynamics that may not be evident through standard trend or momentum indicators.
How to Use It:
With Price Action or Moving Averages: This indicator is most effective when used alongside price action analysis or moving averages. Traders should look for higher highs and lower lows to confirm potential long or short signals.
Momentum and Reversal Detection: The indicator can be used to confirm momentum in a given direction, flagging potential reversal points or continuation signals based on the ATR’s volatility thresholds and outside bar price patterns.
This indicator is designed to focus purely on ATR-based signals and outside bar patterns, offering traders a clear and concise tool for analyzing market volatility and price action in one simplified indicator.
Prometheus Trend LinesPrometheus Trend lines is a tool that automatically plots support and resistance trend lines on your chart. These lines generally come out looking like triangles or wedges.
There are two ways that we do it, the first way we’ll cover is lookback period generated trend lines.
The two points for the lines are generated as follows, for a resistance line that is blue by default, the point furthest in the past is the highest high in the specified lookback period. 50 is the default, the point closest to the present is the current bar’s high. The opposite is true for support lines, the point furthest in the past is the lowest low, and the most present point is the current bar’s low.
The interval is created by ensuring after the lookback period is met to plot the lines, that period needs to pass again. That is so we can let the potential results of price breaking above or below the levels play out.
Lines will be plotted on the newest lookback period bar, after a period with no plot. What I mean is right after lines are plotted, users will have to wait for double the lookback period to get newer lines. So if you select 50 for your lookback value, after new lines are plotted, on the 100th bar after the new lines will be there. This is to avoid having a line on your chart change, we’d rather plot a line once, than plot it and keep changing it.
Each line is 50 bars long and all the distance in between them is 50 bars. The line is drawn simply with the shortest path from the back point to the more present one, this allows us to see breaks in the line and get a better idea of how strong the next move may be.
We see in this wedge on NASDAQ:TSLA that there were two false breaks before the price re-entered the wedge and continued falling. It could be interpreted as buyers did not have enough strength to get NASDAQ:TSLA out of a downtrend there.
We also offer an intra day line.
In this image captured with the bar replay feature we see the lines being generated with the high and low of the day, that is the method we use. Furthermore, a user may notice that the ends of the line are not at the newest bar. That is on purpose, we use the
barstate.islastconfirmedhistory
to ensure that we don’t change and plot too many lines at a given point. These two lines will reset every day as time changes and will auto use the current day high and low.
Users have the option to select a custom lookback period, as well as turn on or off the plots for either method of generating lines.
We encourage traders to not follow indicators blindly, none are 100% accurate. The lines generated are not guaranteed to be perfect support and resistance levels. We encourage the use of discretion. Please comment on any desired updates, all criticism is welcome!
Average Candle Size [MaximizedTrading]Average Candle Size
Enhance your trading with our Average Candle Size Indicator, expertly designed to adjust to your specific needs. This powerful tool dynamically calculates the average candle size based on the timeframe you are viewing, ensuring optimal relevance and precision in your analysis.
Key Features:
Dynamic Timeframe Adaptation: Automatically adjusts the period for calculating the average candle size when you switch between different chart timeframes. Supported timeframes include 1 minute, 3 minutes, 5 minutes, 15 minutes, 30 minutes, 1 hour, and 2 hours, covering a wide range of trading styles.
Responsive Design: Easily configure the indicator to optimize its display for different devices through the settings menu. Whether you’re trading on a desktop or analyzing charts on your mobile, this feature allows for a tailored viewing experience that ensures clarity and accessibility.
Table Visualization: All data is neatly presented in a table format directly on your chart, providing a clear, organized view of candle sizes across various periods at a glance.
User-Friendly Settings: Customize the display settings to fit your device and personal preferences, making your trading experience as streamlined as possible.
This indicator is perfect for traders who require flexibility and precision in their market analysis, enabling you to stay informed and agile in fast-moving markets.
Multi-Timeframe Intrabar CRT Candles
# Multi-Timeframe Intrabar Indicator
This advanced indicator visualizes Candle Range Theory (CRT) across multiple timeframes, providing traders with a comprehensive view of market structure and potential high-probability setups.
## Key Features:
- Supports 7 timeframes: 30 minutes, 1 hour, 2 hours, 4 hours, daily, weekly, and monthly
- Customizable color schemes for each timeframe
- Options to display mid-level (50%) lines for each range
- Bullish and bearish touch detection with customizable label display
- End-of-line labels for easy identification of CRT levels
- Flexible alert system for touch detections on each timeframe
- Adjustable minimum and maximum bar count for range validity
- Options for wick touch and body touch detection
## How It Works:
The indicator plots CRT ranges for each selected timeframe, identifying potential accumulation, manipulation, and distribution phases. It detects when price touches these levels, providing visual cues and optional alerts for potential trade setups.
## Customization:
Users can fine-tune the indicator's appearance and functionality through various input options, including:
- Toggling timeframes on/off
- Adjusting colors for range lines and mid-levels
- Controlling label display and count
- Setting alert preferences
- Adjusting line widths and label offsets
## Usage:
This indicator is designed for traders familiar with Candle Range Theory and multi-timeframe analysis. It can be used to identify potential entry and exit points, confirm trends, and spot potential reversals across different timeframes.
## Note:
This indicator is for educational and informational purposes only. Always combine with other forms of analysis and proper risk management when making trading decisions.
## Credits:
Inspired by Romeo's Candle Range Theory and developed to provide a comprehensive multi-timeframe analysis tool.
AndyB Buy and Sell Signals TTomIndicator: AndyB Buy and Sell Signals TTom
Originality:
The AndyB Buy and Sell Signals TTom is a straightforward, yet effective tool designed to generate clear buy and sell signals based on price action, specifically focusing on short-term breakout conditions. This indicator helps traders identify breakout opportunities by assessing whether the current price has exceeded recent highs or lows, thereby providing actionable signals for potential entries or exits. What distinguishes this script is its simplicity and focus on immediate market action, making it a useful addition for traders who prefer clear, rule-based decision-making.
Purpose:
This indicator is best used as part of a broader trading strategy, including moving averages or price action analysis that uses higher highs for long positions and lower lows for short positions. The AndyB Buy and Sell Signals TTom gives traders quick visual cues on possible breakout conditions, helping them catch shifts in price momentum. It is particularly well-suited for day traders or swing traders looking to capture shorter-term price movements.
How It Works:
Buy Signal Conditions:
The script generates a buy signal when the current close price exceeds both the high of the previous candle and the high of three candles ago. This setup identifies breakout conditions where the price is moving above recent resistance.
The buy signal is visually represented with a green arrow and is plotted below the price bar when the conditions are met.
Sell Signal Conditions:
A sell signal is triggered when the current close price drops below both the low of the previous candle and the low of three candles ago. This highlights a potential downward breakout, signaling a shift in momentum.
The sell signal is represented with a red arrow and plotted above the price bar.
Signal State Tracking:
The indicator keeps track of the most recent signal, ensuring that buy and sell signals are not repeated consecutively without a change in market conditions.
This feature helps prevent signal noise by waiting for a fresh condition to occur before generating the next signal.
Alerts:
Alerts are built into the indicator for both buy and sell signals, allowing traders to receive notifications when new breakout opportunities arise.
How to Use:
Buy Strategy: Use the buy signals as potential long entry points. These should ideally align with confirmation from other trend indicators like moving averages (e.g., price above the 200-period MA) or price action setups showing higher highs.
Sell Strategy: The sell signals are potential short entry points, best confirmed by moving averages (e.g., price below the 200-period MA) or price action indicating lower lows.
Combining Signals: While the indicator is powerful on its own for detecting breakouts, its effectiveness is enhanced when combined with moving averages to confirm the direction of the broader trend. For instance, a buy signal is stronger if the price is already trending upwards based on longer-term MAs.
Usefulness:
The simplicity of this indicator makes it ideal for traders looking for straightforward breakout signals without the complexity of oscillators or volume analysis. By focusing on price action and breakout conditions, it helps identify shifts in momentum quickly. Combining these signals with other trend-following tools, such as moving averages or support/resistance analysis, provides traders with a robust framework for timing their entries and exits.
[DarkTrader] 3 Candle EG ZoneThe 3 Candle EG Zone indicator identifies engulfing patterns and plots dynamic boxes around these zones. The engulfing patterns are key reversal signals where one candle's body completely engulfs the body of the previous candle, indicating a shift in market sentiment. This indicator identifies both bullish and bearish engulfing patterns and draws visual boxes around them, which extend to the right on the chart to show how the zones evolve over time.
EG Calculation by @moamenmostafa Script.
Indicator In Use :
Customization Parameters :
Max EG Box Showing: Defines the maximum number of engulfing (EG) boxes that can be displayed on the chart simultaneously. This helps to limit chart clutter by ensuring that only a specified number of zones are visible.
Pivot EG Box Offset: Sets how far to extend the engulfing box to the right from the current candle. This makes the box continue into future price action, highlighting the significance of the engulfing zone.
Zone Color: Customizes the color and transparency of the engulfing zone box, allowing users to set their preferred color to differentiate bullish and bearish zones.
Bullish Engulfing (Bullish EG):
The code checks if the last three candles have been bearish (open higher than close), and then the current candle is bullish (close higher than open) with a strong upward move. Additionally, the bullish candle must engulf the previous bearish candle, indicating a potential upward reversal. If this condition is true, a box is drawn around the low and high of the last candle.
Bearish Engulfing (Bearish EG):
Similarly, the code checks for three consecutive bullish candles (open lower than close), followed by a bearish candle (open higher than close) that engulfs the previous bullish candle. This signifies a possible downward reversal, and a box is drawn around the last candle's range.
The script continuously checks for bullish or bearish engulfing patterns and dynamically draws boxes around those zones. The boxes remain visible as long as the price stays within the engulfing zone's range. If the price exceeds the zone, the box is deleted, ensuring that only valid and current zones are shown on the chart.
Open - Candlestick-ChartIt forces the Open indicator to use the candlestick open values. For example, if you need to use a Heikin-Ashi chart with the Open indicator based on regular candlestick data, this indicator will ensure it does not change.
Cutrim TheoryCutrim Theory
Created by Dalpiaz-BR , this indicator is based on the Probabilistic Theory developed by the renowned Brazilian trader Ronal Cutrim. The indicator aims to provide a detailed analysis of market imbalances and candlestick patterns across different timeframes, utilizing multi-timeframe data and dynamic information tables. It is designed to help traders identify favorable market conditions and make informed decisions in their trades.
Indicator Description
The Cutrim Theory is an advanced indicator that combines candlestick pattern analysis, and market imbalances to give a clear view of market conditions. The tool uses multi-timeframe data and displays dynamic tables to facilitate visual analysis on the main chart and histogram.
Key Features:
Multi-Timeframe Imbalance Analysis:
The indicator calculates buy and sell imbalances based on the number of green and red candles in different timeframes.
Users can choose to display all imbalances, only the last imbalance, or turn off this feature.
Dynamic and Flexible Tables:
Main Table: Shows detailed data for different timeframes, such as the percentage of bullish and bearish candles, the size of the last candle, and the average candle size.
Dynamic Table Position: The table on the main chart can be set to automatically move based on the current price position (upper or lower). Users can also manually set the position.
Histogram Table: Displays a summary of key information in an additional table on the histogram.
Visualization of Averages and Candle Sizes:
Displays histograms and moving average lines for candle sizes, providing a clear visualization of current market volatility.
Imbalance Signals:
The indicator also adds "Buy" and "Sell" labels directly on the main chart when an imbalance is detected, helping traders spot trading opportunities.
Customizable Settings:
Imbalance Options: "Turn Off All," "Last Imbalance," or "All Imbalances."
Main Table Positions: "top_left," "top_right," "bottom_left," "bottom_right," or "Dynamic."
Signal Messages: Customize the "Buy" and "Sell" messages.
Benefits:
Provides a clear and intuitive view of market conditions across multiple timeframes.
Facilitates the detection of imbalances and market shifts.
Highly configurable to meet the needs of different types of traders.
This script is a powerful addition to any trader's toolbox who seeks a detailed and multi-timeframe analysis based on Ronal Cutrim's Probabilistic Theory. Enjoy and adjust according to your trading style!
