SimpleChart Indicator V1copyThe SimpleChart Indicator V1 is a technical analysis tool designed to facilitate trading decisions by providing clear buy and sell signals based on the relationship between the price and a Simple Moving Average (SMA). This indicator is especially useful for traders who prefer a straightforward, rule-based approach to market analysis.
Key Features:
Simple Moving Average (SMA): The core of the indicator is the SMA, which smooths price data over a specified period (default is 14 periods). This helps to identify the overall trend direction by filtering out short-term fluctuations.
Buy Signal: A buy signal is generated when the price crosses above the SMA. This indicates a potential upward trend, suggesting that it may be a good time to enter a long position.
Sell Signal: Conversely, a sell signal is triggered when the price crosses below the SMA. This suggests a potential downward trend, indicating that it may be time to exit a long position or consider a short position.
Visual Representation: The indicator provides clear visual cues on the chart:
Buy signals are marked with green labels below the bars.
Sell signals are marked with red labels above the bars.
The SMA line is plotted in blue, making it easy to identify the trend.
Benefits of Using SimpleChart Indicator V1:
User-Friendly: The indicator is easy to understand and implement, making it suitable for both novice and experienced traders.
Clarity in Decision Making: By providing distinct signals, the indicator helps traders make quick decisions based on the market's behavior concerning the moving average.
Trend Following: The SimpleChart Indicator V1 is particularly effective in trending markets, allowing traders to capture significant price movements.
Use Cases:
Day Trading: Traders can use the indicator for short-term trades by reacting quickly to buy and sell signals.
Swing Trading: The SMA helps identify trends over a longer period, making it suitable for swing traders looking to capitalize on price movements.
In summary, the SimpleChart Indicator V1 is a valuable tool for traders seeking a straightforward and effective way to analyze market trends and make informed trading decisions.
Candlestick analysis
Counting Positive and Negative BarsCounting Positive and Negative Bars: It goes through a specified number of bars and counts how many are positive (close above the previous value) and how many are negative (close below the previous value).
Imbalance Criterion: If the count of negative bars exceeds that of positive bars by a configurable margin (such as 60%), it signals a possible buy (Long) condition. The opposite applies for sell (Short) conditions..
WillStop Pro [tradeviZion]WillStop Pro : A Step-by-Step Guide for Beginners to Master Trend Trading
Welcome to an in-depth guide to the WillStop Pro indicator. This article will walk you through the key features, how to use them effectively, and how this tool can help you navigate the markets confidently. WillStop Pro is based on principles established by Larry Williams, a well-known figure in trading, and aims to help you manage trades more effectively without overcomplicating things.
This guide will help you understand the basics of the WillStop Pro indicator, how to interpret its signals, and how to use it step-by-step to manage risk and identify opportunities in your trading journey. We will also cover the underlying logic and calculations for advanced users interested in more details.
What is the WillStop Pro Indicator?
The WillStop Pro indicator is a user-friendly tool that helps traders establish stop levels dynamically. It helps you figure out optimal points to enter or exit trades, while managing risk effectively during changing market conditions. The indicator tracks trending markets and sets price levels as stops for ongoing trades, making it suitable both for deciding when to enter and exit trades.
The indicator is beginner-friendly because it simplifies complex calculations and presents the results visually. This allows traders to focus more on their decision-making process instead of spending time with complex analysis.
WillStop Pro adapts to different market conditions, whether you're trading stocks, forex, commodities, or cryptocurrencies. It adjusts stop levels dynamically based on current market momentum, providing a practical way to manage both risk and reward.
Another significant benefit of WillStop Pro is that it works well with other indicators. Beginners can use it on its own or combine it with other tools like moving averages or oscillators to form a comprehensive trading strategy. Whether you are trading daily or looking at longer-term trends, WillStop Pro helps you manage your trades effectively.
Key Features of WillStop Pro
Dynamic Stop Levels : WillStop Pro calculates real-time stop levels for both long (buy) and short (sell) positions. This helps you protect your profits and reduce risk. The stop levels adjust based on the current market environment, making them more adaptable compared to fixed stop levels.
Advanced Stop Settings : There are optional settings to make the stop calculations more advanced, which take into consideration previous price movements to refine where the stops should be placed. These settings provide more precise control over your trades.
Break Signals and Alerts : The indicator provides visual signals, like arrows, to show when a stop level has been broken. This makes it easier for you to identify possible reversals and understand when the market direction is changing.
Comprehensive Table Display : A small table on the chart shows the current trend, the stop level, and whether advanced mode is active. This simple display provides an overview of the market, making decision-making easier.
Based on Larry Williams' Methodology : WillStop Pro builds upon Larry Williams' ideas, which are designed to capture major market trends while managing risk effectively. It provides a systematic way to follow these strategies without requiring deep technical analysis skills.
How Are Stop Levels Calculated? (For Advanced Users)
The WillStop Pro indicator determines stop levels by evaluating highs, lows, and closing prices over a specific lookback period. It uses this information to identify key points that justify adjusting your stop level, and there are separate approaches for both long and short positions.
Below, we explain the mathematical logic behind the stop calculations, along with some code snippets to give advanced users a clearer understanding.
For Long Stops (buy positions): The indicator looks for the highest closing price within the lookback period and continues until it finds three valid bars that meet certain criteria. Stops are adjusted to skip bars that have consecutive upward closes to ensure that the stop is placed at a level that offers solid support. Specifically, the function iterates over recent bars to determine the highest closing value, and checks for specific conditions before finalizing the stop level. Here is an excerpt of the relevant code:
getTrueLow(idx) => math.min(low , close )
findStopLevels() =>
float highestClose = close
int highestCloseIndex = 0
for i = 0 to lookback
if close > highestClose
highestClose := close
highestCloseIndex := i
// Logic to adjust based on up close skipping
int longCount = 0
int longCurrentIndex = highestCloseIndex
while longCount < 3 and longCurrentIndex < 100
if not isInsideBar(longCurrentIndex)
longCount += 1
longCurrentIndex += 1
// Determine the lowest low for the stop level
float longStopLevel = high * 2
for i = searchIndex to highestCloseIndex
longStopLevel := math.min(longStopLevel, getTrueLow(i))
// Apply offset
longStopLevel := longStopLevel - (offsetTicks * tickSize)
In this code snippet, the function findStopLevels() calculates the long stop level by first identifying the highest close within the lookback period and then finding a suitable support level while skipping certain conditions, such as inside bars or consecutive upward closes. Finally, the user-defined offset ( offsetTicks ) is applied to determine the stop level.
For Short Stops (sell positions): Similarly, the indicator finds the lowest closing price within the lookback period and then identifies three bars that fit the conditions for a short stop. It avoids using bars with consecutive down closes to help find a more robust resistance level. Here's a relevant code snippet:
getTrueHigh(idx) => math.max(high , close )
findStopLevels() =>
float lowestClose = close
int lowestCloseIndex = 0
for i = 0 to lookback
if close < lowestClose
lowestClose := close
lowestCloseIndex := i
// Logic to adjust based on down close skipping
int shortCount = 0
int shortCurrentIndex = lowestCloseIndex
while shortCount < 3 and shortCurrentIndex < 100
if not isInsideBar(shortCurrentIndex)
shortCount += 1
shortCurrentIndex += 1
// Determine the highest high for the stop level
float shortStopLevel = 0
for i = searchIndex to lowestCloseIndex
shortStopLevel := math.max(shortStopLevel, getTrueHigh(i))
// Apply offset
shortStopLevel := shortStopLevel + (offsetTicks * tickSize)
Here, findStopLevels() calculates the short stop level by finding the lowest closing price within the lookback period. It then determines the highest value that acts as a resistance level, excluding bars that do not fit certain criteria.
Volume Confirmation for Alert Accuracy : To further enhance the stop level accuracy, volume is used as a confirmation filter. The average volume (volAvg) is calculated over a 20-period moving average, and alerts are only generated if the volume exceeds a defined threshold (volMultiplier). This ensures that price movements are significant enough to consider as meaningful signals.
volAvg = ta.sma(volume, 20)
isVolumeConfirmed() =>
result = requireVolumeConfirmation ? volume > (volAvg * volMultiplier) : true
result
This additional logic ensures that stop level breaks or adjustments are not triggered during periods of low trading activity, thus enhancing the reliability of the generated signals.
These calculations are at the core of WillStop Pro's ability to determine dynamic stop levels that respond effectively to market movements, helping traders manage risk by placing stops at levels that make sense given historical price and volume data.
How to Identify Opportunities with WillStop Pro
WillStop Pro provides various signals that help you decide when to enter or exit a trade:
When a Stop Level is Broken: If a stop level (support for long positions or resistance for short positions) is broken, it may indicate a reversal. WillStop Pro visually plots arrows whenever a stop level is breached, making it easy for you to see where changes might occur. This feature helps traders identify momentum shifts quickly.
Support and Resistance Levels: The indicator plots support and resistance levels, which show key zones to watch for opportunities. These levels often act as psychological barriers in the market, where price action may either reverse or stall temporarily.
Dynamic State Management: The indicator shifts between long and short states based on price action, providing real-time feedback. This helps traders stick to their trading plan without second-guessing the market.
A major advantage of WillStop Pro is that it responds well to changing market conditions. By identifying when key support or resistance levels break, it allows you to adjust your strategies and react to new opportunities accordingly. Whether the market is trending strongly or staying within a range, WillStop Pro provides valuable information to help guide your trades.
Setting Up Alerts
Alerts are an important feature in trading, especially when you can’t be in front of your charts all the time. WillStop Pro has been enhanced to include flexible alert settings to help you stay on top of your trades without constantly monitoring the charts.
Enable Alerts: There is a master switch to enable or disable all alerts. This way, you can control whether you want to be notified of events at any time.
Alert Frequency: Choose between receiving alerts Once Per Bar or Once Per Bar Close . This helps you manage the frequency of alerts and decide if you need real-time updates or want confirmation after a bar closes.
Break Alerts: These alerts notify you when a stop level has been broken. This can help you catch potential reversals or trading opportunities as soon as they happen.
Strong Break Alerts: Alerts are available for strong breaks, which occur when the price breaks stop levels with confirmation based on additional price, volume, and momentum criteria. These alerts help identify significant shifts in the market.
Level Change Alerts: These alerts tell you whenever a new stop level is calculated, keeping you updated about changes in market dynamics. You can set a Minimum Level Change % to ensure that alerts are only triggered when the stop level changes significantly.
Require Volume Confirmation: You can opt to receive alerts only if the volume is above a certain threshold. This confirmation helps reduce false signals by ensuring that significant price changes are backed by increased trading activity.
Volume Multiplier: The volume multiplier allows you to set a minimum volume requirement that must be met for an alert to trigger. This ensures that alerts are triggered only when there is sufficient trading interest.
Here is a part of the updated alert logic that has been implemented in the indicator:
// Alert on break conditions
if alertsEnabled
if alertOnBreaks
if longStopBroken and isVolumeConfirmed()
alert(createAlertMessage("Support Break - Short Signal", useAdvancedStops), alertFreq)
if shortStopBroken and isVolumeConfirmed()
alert(createAlertMessage("Resistance Break - Long Signal", useAdvancedStops), alertFreq)
// Strong break alerts
if alertOnStrongBreaks
if longStopBroken and isStrongBreak(false)
alert(createAlertMessage("Strong Support Break - Short Signal", useAdvancedStops), alertFreq)
if shortStopBroken and isStrongBreak(true)
alert(createAlertMessage("Strong Resistance Break - Long Signal", useAdvancedStops), alertFreq)
// Level change alerts
if alertOnLevelChanges and isSignificantChange() and isVolumeConfirmed()
alert(createAlertMessage("Significant Level Change", useAdvancedStops), alertFreq)
Setting alerts allows you to react to market changes without having to watch the charts constantly. Alerts are particularly helpful if you have other responsibilities and can’t be actively monitoring your trades all day.
Understanding the Table Display
The WillStop Pro indicator provides a status table that gives an overview of the current market state. Here’s what the table shows:
Indicator Status: The table indicates whether the indicator is in a LONG or SHORT state. This helps you quickly understand the market trend.
Stop Level: The active stop level is shown, whether it is acting as support (long) or resistance (short). This is important for knowing where to set your protective stops.
Mode: The table also displays whether the advanced calculation mode is being used. This keeps you informed about how stop levels are being calculated and why they are positioned where they are.
Empowering Messages: The table also includes motivational messages that rotate periodically, such as 'Trade with Clarity, Stop with Precision' and 'Let Winners Run, Cut Losses Short.' These messages are designed to keep you focused, motivated, and disciplined during your trading journey.
The table is simple and easy to follow, helping you maintain discipline in your trading plan. By having all the essential information in one place, the table reduces the need to make quick, emotional decisions and promotes more thoughtful analysis.
Tips for Using WillStop Pro Effectively
Here are some practical ways to make the most of the WillStop Pro indicator:
Start with Default Settings: If you’re new to the indicator, start with the default settings. This will give you an idea of how stop levels are determined and how they adjust to different markets.
Experiment with Advanced Settings: Once you are comfortable, try using the advanced stop settings to see how they refine the stop levels. This can be useful in certain market conditions to improve accuracy.
Use Alerts to Stay Updated: Set up alerts for when a stop level is broken or when new levels are calculated. This helps you take action without constantly watching the chart. Swing traders may find alerts especially helpful for monitoring longer-term moves.
Monitor the Status Table: Keep an eye on the status table to understand the current market condition. Whether the indicator is in a LONG or SHORT state can help you make more informed decisions.
Focus on Risk Management: WillStop Pro is designed to help you manage risk by dynamically adjusting stop levels. Make sure you are using these levels to protect your trades, especially during strong trends or volatile periods.
Acknowledging Larry Williams' Influence
WillStop Pro is inspired by the work of Larry Williams, who described the approach as one of his best trading techniques. His method aims to ride major market trends while reducing the risk of giving back gains during corrections. WillStop Pro builds upon this approach, adding features like advanced stop settings and visual alerts that make it easier to apply in modern markets.
By using WillStop Pro, you are essentially leveraging a well-established trading strategy with additional tools that help improve its effectiveness. The indicator is designed to provide a reliable way to manage trades, stay on top of market conditions, and reduce emotional decision-making.
Conclusion: Why WillStop Pro is Great for Beginners and Advanced Users
The WillStop Pro is a powerful yet easy-to-use tool that helps traders ride trends while managing risk during market corrections. It can be used both for entering and exiting trades, and its visual features make it accessible for those who are new to trading, while the underlying logic appeals to advanced users seeking greater control and understanding.
WillStop Pro is more than just a tool for setting stops. It is a comprehensive solution for managing trades, with features like dynamic stop levels, customizable alerts, and an easy-to-understand status table. This combination of simplicity and advanced features makes it suitable for beginners as well as more experienced traders.
We hope this guide helps you get started with WillStop Pro and improves your trading confidence. Remember to start with the basics, explore the advanced features, and set alerts to stay informed without getting overwhelmed. Whether you’re just beginning or want to simplify your strategy, WillStop Pro is a valuable tool to have in your trading arsenal.
Trading can be challenging, but the right tools make it more manageable. WillStop Pro helps you keep track of market movements, identify opportunities, and manage risk effectively. Give it a try and see how it can improve your trading decisions and help you navigate the markets more efficiently.
By incorporating WillStop Pro into your strategy, you are following a systematic approach that has been refined over time. It’s designed to help you make sense of the markets, plan your trades, and manage your risks with greater clarity and confidence.
Note: Always practice proper risk management and thoroughly test the indicator to ensure it aligns with your trading strategy. Past performance is not indicative of future results.
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Candle AnalysisImportant Setup Note
Optimize Your Viewing Experience
To ensure the Candle Analysis Indicator displays correctly and to prevent any default chart colors from interfering with the indicator's visuals, please adjust your chart settings:
Right-Click on the Chart and select "Settings".
Navigate to the "Symbol" tab.
Set transparent default candle colors:
- Body
-Borders
- Wick
By customizing these settings, you'll experience the full visual benefits of the indicator without any overlapping colors or distractions.
Elevate your trading strategy with the Candle Analysis Indicator—a powerful tool designed to give you a focused view of the market exactly when you need it. Whether you're honing in on specific historical periods or testing new strategies, this indicator provides the clarity and control you've been looking for.
Key Features:
🔹 Custom Date Range Selection
Tailored Analysis: Choose your own start and end dates to focus on the market periods that matter most to you.
Historical Insights: Dive deep into past market movements to uncover hidden trends and patterns.
🔹 Dynamic Backtesting Simulation
Interactive Playback: Enable backtesting to simulate how the market unfolded over time.
Strategy Testing: Watch candles appear at your chosen interval, allowing you to test and refine your trading strategies in real-time scenarios.
🔹 Enhanced Visual Clarity
Focused Visualization: Only candles within your specified date range are highlighted, eliminating distractions from irrelevant data.
Distinct Candle Styling: Bullish and bearish candles are displayed with unique colors and transparency, making it easy to spot market sentiment at a glance.
🔹 User-Friendly Interface
Easy Setup: Simple input options mean you can configure the indicator quickly without any technical hassle.
Versatile Application: Compatible with various timeframes—whether you're trading intraday, daily, or weekly.
Confluence StrategyOverview of Confluence Strategy
The Confluence Strategy in trading refers to the combination of multiple technical indicators, support/resistance levels, and chart patterns to identify high-probability trading opportunities. The idea is that when several indicators agree on a price movement, the likelihood of that movement being successful increases.
Key Components
Technical Indicators:
Moving Averages (MA): Commonly used to determine the trend direction. Look for crossovers (e.g., the 50-day MA crossing above the 200-day MA).
Relative Strength Index (RSI): Helps identify overbought or oversold conditions. A reading above 70 may indicate overbought conditions, while below 30 suggests oversold.
MACD (Moving Average Convergence Divergence): Useful for spotting changes in momentum. Look for MACD crossovers and divergence from price.
Support and Resistance Levels:
Identify key levels where price has historically reversed. These can be drawn from previous highs/lows, Fibonacci retracement levels, or psychological price levels.
Chart Patterns:
Patterns like head and shoulders, double tops/bottoms, or flags can indicate potential reversals or continuations in price.
Strategy Implementation
Set Up Your Chart:
Add the desired indicators (e.g., MA, RSI, MACD) to your TradingView chart.
Mark significant support and resistance levels.
Identify Confluence Points:
Look for situations where multiple indicators align. For instance, if the price is near a support level, the RSI is below 30, and the MACD shows bullish divergence, this may signal a buying opportunity.
Entry and Exit Points:
Entry: Place a trade when your confluence conditions are met. Use limit orders for better prices.
Exit: Set profit targets based on resistance levels or use trailing stops. Consider the risk-reward ratio to ensure your trades are favorable.
Risk Management:
Always implement stop-loss orders to protect against unexpected market moves. Position size should reflect your risk tolerance.
Example of a Confluence Trade
Setup:
Price approaches a strong support level.
RSI shows oversold conditions (below 30).
The 50-day MA is about to cross above the 200-day MA (bullish crossover).
Action:
Enter a long position as the conditions align.
Set a stop loss just below the support level and a take profit at the next resistance level.
Conclusion
The Confluence Strategy can significantly enhance trading accuracy by ensuring that multiple indicators support a trade decision. Traders on TradingView can customize their indicators and charts to fit their personal trading styles, making it a flexible approach to technical analysis.
MB - Currency Strength ROCCurrency Strength ROC Enhanced is a technical indicator designed to measure and visualize the relative strength of different currencies in the foreign exchange market. Using a Rate of Change (ROC) approach and moving averages, this indicator provides valuable insights into the dynamics of currency strengths.
Key Features:
Relative Strength Measurement:
Calculates the strength of each currency relative to others, allowing you to identify which currencies are appreciating or depreciating.
Strength Histogram:
Presents normalized strength in a histogram format, making it easy to quickly see areas of positive (green) and negative (red) strength
Moving Averages:
Includes moving averages of normalized strength and trend, providing a clear view of the overall direction of strength over time.
Overbought and Oversold Zones:
Highlights critical levels of strength through horizontal lines, allowing traders to identify potential trend reversals.
(MA-EWMA) with ChannelsHamming Windowed Volume-Weighted Bidirectional Momentum-Adaptive Exponential Weighted Moving Average
This script is an advanced financial indicator that calculates a Hamming Windowed Volume-Weighted Bidirectional Momentum-Adaptive Exponential Weighted Moving Average (MA-EWMA). It adapts dynamically to market conditions, adjusting key parameters like lookback period, momentum length, and volatility sensitivity based on price volatility.
Key Components:
Dynamic Adjustments: The indicator adjusts its lookback and momentum length using the ATR (Average True Range), making it more responsive to volatile markets.
Volume Weighting: It incorporates volume data, weighting the moving average based on the volume activity, adding further sensitivity to price movement.
Bidirectional Momentum: It calculates upward and downward momentum separately, using these values to determine the directional weighting of the moving average.
Hamming Window: This technique smooths the price data by applying a Hamming window, which helps to reduce noise in the data and enhances the accuracy of the moving average.
Channels: Instead of plotting a single line, the script creates dynamic channels, providing more context for support and resistance levels based on the market's behavior.
The result is a highly adaptive and sophisticated moving average indicator that responds dynamically to both price momentum and volume trends.
Optimized WaveletsThe script, High-Resolution Volume-Price Pressure Indicator with Wavelets, utilizes wavelet transforms and high-resolution data to analyze market pressure based on volume and price dynamics. The approach combines volume data from smaller timeframes (1 second) with non-linear transformation techniques to generate a refined view of market conditions. Here’s a detailed breakdown of how it works:
Key Components:
Wavelet Transform:
A wavelet function is applied to the price and volume data to capture patterns over a set time period. This technique helps identify underlying structures in the data that might be missed with traditional moving averages.
High-Resolution Data:
The indicator fetches 1-second high-resolution data for price movements and volume. This allows the strategy to capture granular price and volume changes, crucial for short-term trading decisions.
Normalized Difference:
The script calculates the normalized difference in price and volume data. By comparing changes over the selected length, it standardizes these movements to help detect sudden shifts in market pressure.
Sigmoid Transformation:
After combining the price and volume wavelet data, a sigmoid function is applied to smooth out the resulting values. This non-linear transformation helps highlight significant moves while filtering out minor fluctuations.
Volume-Price Pressure:
The up and down volume differences, together with price movements, are combined to create a "Volume-Price Pressure Score." The final indicator reflects the pressure exerted on the market by both buyers and sellers.
Indicator Plot:
The final transformed score is plotted, showing how price and volume dynamics, combined through wavelet transformation, interact. The indicator can be used to identify potential market turning points or pressure buildups based on volume and price movement patterns.
This approach is well-suited for traders looking for advanced signal detection based on high-frequency data and can provide insight into areas where typical indicators may lag or overlook short-term volatility.
Highest Single-Day Percentage Change (Close to Close)This Pine Script is designed to calculate and display the largest percentage change in stock price between consecutive days' closing prices. Here's a high-level breakdown of what the script does:
Daily Percentage Change Calculation:
It calculates how much the stock price changed from the previous day's close to the current day's close. The change is expressed as a percentage of the previous day's closing price.
Tracking the Highest Change:
The script keeps track of the largest percentage increase or decrease it has encountered in the dataset (from previous close to current close). It updates the value if a new day exceeds the current largest recorded percentage change.
Visual Representation:
The daily percentage changes are plotted as a line graph, allowing you to see how the stock's price fluctuates from one day to the next.
A separate line is drawn to represent the highest percentage change detected so far.
If a day's price change matches the highest recorded change, a label appears on the chart to highlight that specific point.
Dynamic Updates:
The script is dynamic, meaning it continually updates as new data comes in. So, as new days are added to the chart, the script checks if the percentage change exceeds the previously highest recorded value.
Why This Is Useful:
For traders and investors: It provides a quick way to identify which day saw the most significant price movement, helping to spot major market events or volatility.
For historical analysis: You can quickly find the most extreme single-day price swings in a stock's historical data, which might be useful for understanding past market behavior or making predictions about future moves.
[EmreKb] Combined CandlesThis script combines multiple candlestick patterns into a single, unified candle when they are of the same type (bullish or bearish). Instead of displaying every individual candle on the chart, it merges consecutive candles based on their direction to simplify the visual analysis of price movements.
What It Does:
Combines Candles: If two or more consecutive candles are bullish (close price higher than open price) or bearish (close price lower than open price), the script merges them into a single candle, adjusting the high, low, and close values accordingly.
Displays Merged Candles: The merged candles are drawn on the chart. A green bar represents a bullish period, while a red bar represents a bearish period.
How It Works:
The script tracks whether each candle is bullish or bearish.
If a candle is the same type as the previous one, it updates the combined candle (adjusting the high, low, and close values).
When the type changes (from bullish to bearish or vice versa), it finalizes the current combined candle and starts a new one.
The merged candles are displayed on the chart at the end of the data series.
Use Case:
This script simplifies price action by grouping similar candles together, making it easier to identify trends and spot periods of sustained buying or selling pressure. It can help traders focus on the overall direction of the market rather than being distracted by small fluctuations between individual candles.
Big Volume Highlighter ADVANCEDBIG VOLUME HIGHLIGHTER INDICATOR ADVANCED
The BIG VOLUME INDICATOR ADVANCED is an essential tool for traders who want to gain a deeper understanding of market dynamics through volume analysis. This advanced indicator highlights significant volume spikes, enabling traders to make more informed decisions based on market activity and price movements.
Key Features:
Customizable Lookback Period: Define the number of candles over which the highest volume is calculated, allowing you to adjust the analysis to fit your specific trading strategy and timeframe.
Approximate Volume Matching: Activate the approximate volume matching feature to identify candles that fall within a specified range of a target volume. This feature is particularly valuable for capturing notable volume spikes that may not match your exact input but are within an acceptable tolerance.
Flexible Volume Units: Input volumes in various units (Hundreds, Thousands, Millions, or Billions) to cater to your trading preferences. This flexibility ensures that you can analyze volume data in a way that aligns with your trading style.
Dynamic Tolerance Calculation: Set a percentage-based tolerance for volume matching, allowing for greater flexibility. For instance, if you input a volume of 600 million with a tolerance of 1.5%, the indicator will highlight candles with volumes ranging from 591 million to 609 million.
Visual Alerts: Highlighted candles are marked with clear, color-coded labels positioned above the bars. Green labels represent bullish candles, while red labels denote bearish candles, providing immediate visual feedback on market sentiment.
Mobile and Desktop Compatibility: Designed for seamless integration with TradingView, this indicator is accessible on both desktop and mobile devices, ensuring that you can monitor the market wherever you are.
How to Use:
Set the Lookback Period: Adjust the lookback period to analyze a specific number of candles for volume spikes.
Enable Approximate Volume Matching: If desired, toggle the approximate volume matching feature and enter your target volume, selecting the appropriate unit.
Adjust Tolerance: Define the tolerance percentage to specify how close the volume must be to your input for it to be considered significant.
Analyze the Chart: Observe the highlighted candles on your chart, which indicate significant volume activity based on your criteria.
Make Informed Decisions: Leverage the insights provided by the indicator to guide your trading decisions, identifying potential entry or exit points based on volume analysis.
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AndreundCristianIndicator Overview:
The "Trade Signals with Volume" indicator is a custom script that generates buy and sell signals based on the crossover of two moving averages (a fast one and a slow one) and adds a volume filter to validate these signals. It plots these signals directly on the chart, using arrows or labels to indicate where buy and sell signals occur.
Key Features:
Moving Averages (MA):
The indicator uses two Simple Moving Averages (SMA): a fast SMA and a slow SMA.
A buy signal is triggered when the fast MA crosses above the slow MA, signaling potential bullish momentum.
A sell signal is triggered when the fast MA crosses below the slow MA, indicating potential bearish momentum.
Volume Filter:
To ensure that signals are more reliable, the indicator only triggers a buy or sell signal if the volume is above a certain threshold. This threshold can be adjusted by the user in the input settings.
For example, if the volume exceeds 100,000 (or any set value), and a crossover occurs, the signal is validated.
Visual Representation:
Buy signals are represented with green labels or arrows below the price bars.
Sell signals are represented with red labels or arrows above the price bars.
The MAs are also plotted on the chart for visual reference.
Input Parameters:
Fast Moving Average Length: The number of periods for the fast SMA (default is 9 periods).
Slow Moving Average Length: The number of periods for the slow SMA (default is 21 periods).
Volume Threshold: The minimum volume required to validate a buy or sell signal (default is 100,000).
Hide Days"Hide Days" Pine Script Indicator
The "Hide Days" indicator is designed to make specific days of the week less visible by altering the candle colors, making them blend into the background. This can help traders focus on specific trading days by hiding unwanted candles from view.
Features:
Selectable Days: Users can choose which days of the week to hide (Sunday through Saturday).
Dark Mode Toggle: A built-in "Dark Mode" option provides an optimized display based on the user's TradingView theme, setting hidden candles to a nearly invisible color that matches the background.
Dark Mode ON: Candles are set to dark gray (#151924).
Dark Mode OFF: Candles are set to white (#ffffff).
Simple Inputs: The indicator provides checkboxes for each day, making customization quick and easy.
Enhanced Focus: Useful for traders who want to focus on specific trading sessions or eliminate less relevant days from their chart view.
Use Cases:
Hide weekend data on charts to focus on weekdays.
Remove non-trading days to analyze market movements more effectively.
Adjust the indicator to blend with either dark or light chart themes.
Persistent Price Movement HighlighterHighlights a candle a configurable color when that candle’s price exceeds a configurable percentage threshold. The user may select to highlight only bullish candles, only bearish candles or both. Provides an alert when a threshold has been reached on a candle.
Bitcoin 100 Pips Indicator 5Bitcoin 100 Pips Indicator
Description: The Bitcoin 100 Pips Indicator is a powerful tool designed for traders who seek to capitalize on rapid price movements in the Bitcoin market. This indicator provides clear entry and exit signals based on a combination of price action analysis and pre-defined profit targets.
Key Features:
Quick Entry and Exit Signals: The indicator generates buy and sell signals in real-time, allowing traders to enter and exit positions quickly and effectively.
Targeting 100 Pips: Specifically designed to target 100 pips of profit for each trade, this indicator sets clear take profit and stop loss levels, helping traders manage their risk and reward effectively.
User-Friendly Interface: With easily visible signals and annotations directly on the chart, the indicator enhances your trading experience without cluttering your view.
Adjustable Settings: Traders can customize the pip target and stop loss levels according to their individual strategies, providing flexibility to accommodate different trading styles.
Ideal for Short-Term Trading: Whether you are a scalper or a day trader, this indicator is optimized for M5 and M15 timeframes, making it ideal for capturing quick price movements in the volatile Bitcoin market.
How to Use:
Apply the Bitcoin 100 Pips Indicator to your chart and select your preferred trading timeframe (M5 or M15).
Look for buy signals indicated by green labels when market conditions favor upward movement.
Conversely, watch for sell signals marked by red labels during downward trends.
Use the provided take profit and stop loss levels to manage your trades effectively.
Disclaimer: This indicator is for informational purposes only and does not guarantee profits. Always practice proper risk management and conduct your own analysis before trading.
Gap Detector [MS]This indicator helps traders identify and visualize price gaps in market data. When price movements create gaps between trading sessions or periods, the script highlights these areas with colored clouds and markers.
Key Features:
Automatically detects price gaps based on a customizable gap percentage threshold
Visualizes gaps using color-coded clouds (green when price moves upward, red for downward price action)
Places small triangle markers at gap locations for easy identification of gaps, and if many happen close together
Shows gray clouds when price is within the last gap
Use it For:
Watching for gap-fills
Gap support/resistance levels
Trading gap breakouts
...and more
How it Works:
The script compares each bar's opening price with the previous bar's closing price. A gap is identified when the opening price is significantly different from the previous close (beyond the user-defined gap percentage). The gap area is then marked with a colored cloud:
Green clouds: Show gaps where price jumped higher
Red clouds: Show gaps where price dropped lower
Gray clouds: Indicate price action within the gap
Settings:
Gap %: Controls the minimum price difference required to identify a gap (default 0.01 or 1%)
This indicator can help traders:
Identify potential support/resistance levels at gap areas
Monitor gap-filling scenarios
Spot significant price movements between trading sessions
The script is designed to work across all timeframes and markets.
Custom Candlestick Pattern IndicatorCustom Candlestick Pattern Indicator - Buy Signal Based on Green Candles Breaking Previous Lows
Overview:
This custom candlestick pattern indicator is designed to highlight potential buy opportunities based on a simple yet powerful candlestick pattern. The indicator identifies green candles that break below the low of the previous candle. This combination may signal a potential market reversal or a bullish continuation after a pullback, depending on the market context. Traders can use this indicator to detect areas where prices may be bouncing from recent lows, indicating a potential buying opportunity.
Pattern Explanation:
The strategy underlying this indicator is a two-part condition that must be met before a buy signal is generated:
Green Candle: A green candle forms when the closing price of the current candle is higher than its opening price. This visually represents bullish momentum as buyers have taken control, closing the price higher than where it opened.
Breaking the Previous Low: The low of the current candle must be lower than the low of the previous candle. This suggests that, despite initial bearish pressure during the candle formation (which drove the price below the previous candle's low), buyers stepped in to push the price higher by the candle’s close. This pattern can signify a potential reversal or bullish continuation, as it demonstrates that buyers are overcoming initial selling pressure.
When the Pattern Occurs:
This pattern is particularly interesting to traders who look for potential reversal signals after a brief decline in price.
It may also work well in markets where pullbacks are common, as this pattern could mark the end of a retracement and the resumption of the bullish trend.
How the Indicator Works:
Green Candle: The indicator first identifies a green candle, where the close of the candle is greater than its open (close > open). This signals that the current period closed higher than it opened, which is generally a bullish sign.
Breaking Previous Low: The indicator checks if the current candle's low is below the low of the previous candle (low < low ). If this condition is met, it means the price dropped below the previous candle's low but was still able to close higher (green candle), signaling a potential reversal or buying opportunity.
Buy Signal: If both conditions are true (green candle + breaking previous low), the indicator plots a buy signal below the candle in the form of an upward-facing triangle labeled "Buy" in green. This serves as a visual cue for traders to consider entering a buy position.
Optional Previous Low Plot: For added reference, the indicator plots the previous candle's low as a red step-line on the chart. This helps traders visualize when the price has dipped below the prior candle's low, making it easier to spot instances where the pattern is forming.
How to Use:
This indicator can be used across multiple timeframes, whether you’re trading short-term intraday patterns or longer-term swing trades.
It works well in markets that experience pullbacks or minor retracements, as the pattern it identifies suggests a rejection of lower prices followed by a push higher.
Traders can combine this indicator with other technical analysis tools (such as moving averages, support/resistance levels, or momentum oscillators) to strengthen the buy signals and add more context to the trading decision.
Example Scenarios:
Reversal Signal: Suppose a market has been in a minor downtrend, and suddenly a green candle forms after a low that breaks the previous day’s low. This indicator would generate a buy signal, suggesting the downtrend may be losing strength and that buyers are taking control. This could be an early indication of a reversal.
Bullish Continuation After Pullback: Imagine a market in a steady uptrend experiences a temporary pullback. The price breaks the previous candle’s low, but the current candle closes higher (green candle). This buy signal could indicate that the pullback is over, and the uptrend is likely to continue.
Advantages:
Simplicity: This indicator relies on basic price action (green candles and lows) without requiring complicated indicators or oscillators, making it easy to understand and use.
Visual Alerts: The plotted buy signals and previous lows provide a clear, visual representation on the chart, simplifying decision-making for traders.
Versatility: It can be applied across different timeframes and asset classes (stocks, forex, crypto, etc.), making it a versatile tool for all kinds of traders.
Limitations:
As with any single indicator or pattern, this should not be used in isolation. It is important to incorporate broader market context, support/resistance levels, and other forms of analysis to avoid false signals.
The pattern tends to be more effective when there’s sufficient market liquidity and may perform better in trending or volatile markets compared to sideways or flat markets.
Neutral Price Action Zones with Horizontal LinesIf the upper shadow of the red candle is longer than its lower shadow and the upper shadow of the green candle is longer than its lower shadow, it indicates that the upper and lower wicks of the red and green candles are equal. In this case, it means that the price does not show a clear trend in a specific direction, and the price movement is neutral. This situation usually suggests market uncertainty or that the price is moving within a horizontal range.
Red and Green Candle Check: The status of the candles is determined.
Shadow Calculations: The upper and lower shadows of the red and green candles are calculated.
Horizontal Range Check: The horizontal range condition is checked for the red and green candles.
Background Color: If the condition is met, the background is marked in gray.
Horizontal Line: When the horizontal range condition is met, a horizontal line is drawn.
Financial Crisis Predictor - Doomsday ClockThe **Financial Crisis Predictor - Doomsday Clock** is a composite indicator that evaluates multiple market conditions to determine financial risk levels. It combines four key metrics: market volatility (via VIX), yield curve spread, stock market momentum, and credit risk (via high-yield spread). Each metric contributes to a weighted "risk score," scaled between 0 and 100, which helps gauge the probability of a financial crisis. Here's a breakdown of how it works:
### 1. **Market Volatility (VIX)**
- **How it's measured:**
- Uses the VIX index, which represents expected market volatility.
- Applies two exponential moving averages (EMAs) to smooth out the data—one fast and one slow.
- Triggers a signal if the fast EMA crosses above the slow EMA and VIX exceeds a defined threshold (default is 30).
- **Weighting:**
- Contributes up to 35% of the total risk score when active.
### 2. **Yield Curve Spread**
- **How it's measured:**
- Takes the difference between the yields of 10-year and 2-year U.S. Treasury bonds (inversion indicates recession risk).
- If the spread drops below a certain threshold (default is 0.2), it signals a potential recession.
- **Weighting:**
- Contributes up to 25% of the risk score.
### 3. **Stock Market Momentum**
- **How it's measured:**
- Analyzes the S&P 500 (SPY) using a 20-day EMA for price momentum.
- Checks for a cross under the 20-day EMA and if the 5-day rate of change (ROC) is less than -2.
- This combination signals bearish market momentum.
- **Weighting:**
- Contributes up to 20% of the risk score.
### 4. **Credit Risk (High Yield Spread)**
- **How it's measured:**
- Assesses high-yield corporate bond spreads using EMAs, similar to the VIX logic.
- A crossover of the fast EMA above the slow EMA combined with spreads exceeding a defined threshold (default is 5.0) indicates increased credit risk.
- **Weighting:**
- Contributes up to 20% of the total risk score.
### 5. **Risk Score Calculation**
- The final **risk score** ranges from 0 to 100 and is calculated using the weighted sum of the four indicators.
- The score is smoothed to minimize false signals and maintain stability.
### 6. **Risk Zones**
- **Extreme Risk:** If the risk score is ≥ 75, indicating a severe crisis warning.
- **High Risk:** If the risk score is between 15 and 75, signaling heightened risk.
- **Moderate Risk:** If the risk score is between 10 and 15, representing potential concerns.
- **Low Risk:** If the risk score is < 10, suggesting stable conditions.
### 7. **Visual & Alerts**
- The indicator plots the risk score on a chart with color-coded backgrounds to indicate risk levels: green (low), yellow (moderate), orange (high), and red (extreme).
- Alert conditions are set for each risk zone, notifying users when the risk level transitions into a higher zone.
This indicator aims to quickly detect potential financial crises by aggregating signals from key market factors, making it a versatile tool for traders, analysts, and risk managers.
Similar Price ActionDescription:
The indicator tries to find an area of N candles in history that has the most similar price action to the latest N candles. The maximum search distance is limited to 5000 candles. It works by calculating a coefficient for each candle and comparing it with the coefficient of the latest candle, thus searching for two closest values. The indicator highlights the latest N candles, as well as the most similar area found in the past, and also tries to predict future price based on the latest price and price directly after the most similar area that was found in the past.
Inputs:
- Length -> the area we are searching for is comprised of this many candles
- Lookback -> maximum distance in which a similar area can be found
- Function -> the function used to compare latest and past prices
Notes:
- The indicator is intended to work on smaller timeframes where the overall price difference is not very high, but can be used on any
Master Candle Breakout V1 Master Candle Breakout V1 - Indicator Description
The Master Candle Breakout V1 indicator is a powerful price action-based tool designed to help traders identify and capitalize on breakout opportunities from consolidation phases. This indicator is particularly useful for identifying master candles, which are large candles that encompass the range of subsequent candles, creating a key level of support or resistance. Once the price breaks above or below the range of the master candle, the indicator provides clear buy or sell signals, allowing traders to ride the momentum of the breakout.
Key Features:
Master Candle Detection: The indicator identifies master candles based on a user-defined period, marking them on the chart as critical breakout points.
Buy and Sell Signals: When the price breaks above the master candle's high, a buy signal is plotted. Similarly, when the price breaks below the master candle's low, a sell signal is generated. These signals are displayed on the chart with customizable shapes (diamonds, arrows, circles, crosses) and colors for easy visualization.
Stop-Loss Level Display: For risk management, the indicator calculates and plots a stop-loss level based on user-defined ticks above or below the master candle's high or low. The stop-loss value is shown as a label next to the signal, helping traders manage risk effectively.
Customizable Colors and Shapes: Users can fully customize the appearance of the signals, including the color of the buy/sell diamonds, the stop-loss label text color, and the type of shape used for the signals.
Versatile Application: The Master Candle Breakout V1 can be applied to any timeframe and market, from forex and stocks to commodities and cryptocurrencies, making it a highly versatile tool for traders of all types.
How to Use:
Master Candle Period: Define how many candles should follow the master candle for confirmation.
Stop Loss Ticks: Set the number of ticks above or below the master candle to define your stop-loss level.
Entry Signals: Once the price closes outside the high or low of the master candle, enter the trade accordingly (buy on breakouts above the high, sell on breakouts below the low).
Risk Management: Use the stop-loss level provided by the indicator to minimize losses and protect your capital.
This indicator is perfect for traders who prefer a simple, price-action-based strategy and want to avoid the clutter of traditional indicators. By focusing on the core principle of breakouts, Master Candle Breakout V1 helps traders quickly identify consolidation zones and potential breakout trades.
Cumulative Volume Delta Strategy | Flux Charts💎 GENERAL OVERVIEW
Introducing the Cumulative Volume Delta Strategy (CVDS) Indicator, an advanced tool designed to enhance trading strategies by identifying potential trend reversals through volume dynamics. This script features integrated order block detection, Fair Value Gaps (FVGs), and a dynamic take-profit (TP) and stop-loss (SL) system. For an in-depth understanding of the strategy, refer to the "HOW DOES IT WORK?" section below.
Features of the new Cumulative Volume Delta Strategy (CVDS) Indicator :
Cumulative Volume Delta-based Strategy
Order Block and Fair Value Gap (FVG) Entry Methods
Dynamic TP/SL System
Customizable Risk Management Settings
Alerts for Buy, Sell, TP, and SL Signals
📌 HOW DOES IT WORK ?
The CVDS indicator operates by tracking the net volume difference between buyers and sellers to identify divergences that could indicate potential trend reversals. A cumulative volume delta (CVD) calculation is employed to measure the intensity of these divergences in relation to price movements. The net volume sum is reset every trading day (can be changed from the settings using the anchor period option), and divergences are detected when the cumulative volume crosses the 0-line over or under.
Once a significant divergence is detected, the indicator identifies breakout points, confirmed by either Fair Value Gaps (FVGs) or Order Blocks (OBs). Depending on your chosen entry mode, the indicator will trigger a buy or sell entry when the confirmation signal aligns with the breakout direction. Alerts for Buy, Sell, Take-Profit, and Stop-Loss are available.
Note that the indicator cannot run on 1-minute and 1-second charts, as it needs to get data from a lower timeframe. 1-minutes & 1-second timeframes are the minimum timeframes in their ranges respectively.
🚩 UNIQUENESS
What sets this indicator apart is the combination of volume divergence analysis with advanced price action tools like Fair Value Gaps (FVGs) and Order Blocks (OBs). The ability to choose between these methods, along with a dynamic TP/SL system that adapts based on volatility, provides flexibility for traders in any market condition. The backtesting dashboard provides metrics about the performance of the indicator. You can use it to tune the settings for best use in the current ticker. The CVD-based strategy ensures that trades are initiated only when meaningful divergences between volume and price occur, filtering out noise and increasing the likelihood of profitable trades.
⚙️ SETTINGS
1. General Configuration
Anchor Period: Time anchor period used in CVD calculation. This is essentially the period that the volume delta sum will be reset. Lower timeframes may result in more entries at the cost of less reliable results.
Entry Mode: Choose between FVGs or OBs to trigger your entries based on the confirmation signals.
Retracement Requirement: Enable to confirm the entry after a retracement toward the FVG or OB.
2. Fair Value Gaps
FVG Sensitivity: Modify the sensitivity of FVG detection, allowing for more or fewer gaps to be considered valid.
3. Order Blocks (OB)
Swing Length: Define the swing length to identify OB formations. Shorter lengths find smaller OBs, while longer lengths detect larger structures.
4. TP / SL
TP / SL Method:
a) Dynamic: The TP / SL zones will be auto-determined by the algorithm based on the Average True Range (ATR) of the current ticker.
b) Fixed : You can adjust the exact TP / SL ratios from the settings below.
Dynamic Risk: The risk you're willing to take if "Dynamic" TP / SL Method is selected. Higher risk usually means a better winrate at the cost of losing more if the strategy fails. This setting is has a crucial effect on the performance of the indicator, as different tickers may have different volatility so the indicator may have increased performance when this setting is correctly adjusted.
Macro Timeframes with Opening PriceDescription: Macro Timeframe Horizontal Line Indicator
This indicator highlights macro periods on the chart by drawing a horizontal line at the opening price of each macro period. The macro timeframe is defined as the last 10 minutes of an hour (from :50 to :00) and the first 10 minutes of the following hour (from :00 to :10).
A horizontal black line is plotted at the opening price of the macro period, starting at :50 and extending through the duration of the macro window. However, you can customize it however you see fit.
The background of the macro period is highlighted with a customizable color to visually distinguish the timeframe.
The horizontal line updates at each macro period, ensuring that the opening price for every macro session is accurately reflected on the chart.
This tool is useful for traders who want to track the behavior of price within key macro intervals and visually assess price movement and volatility during these periods.
