TrendLine CrossThis indicator "TrendLine Cross", is designed to plot trend lines so you can spot potential trend reversal points on the charts. The main function is to draw several lines on the chart and identify the crossings between these lines, which can be significant indicators for trading. The lines are based on different periods which can be changed in the settings tabs.
Let's see the characteristics of the trend lines:
_Low Line Color(Green Line): This line connects the lowest point of low prices in the "low_time" period with the lowest point of low prices in the "high_time" period. Indicates a possible short-term support level on the chart.
_Liquidity Up Line Color (Golden Line): This line connects the lowest point of low prices in the "low_time" period with the highest point of low prices in the same period. It represents a liquidity zone and an important resistance in the chart.
_Lower Line Color (Blue Line): This horizontal line connects the lowest point of low prices in the "LowerLine_period" with the lowest point of low prices in the "high_time" period. Indicates a possible long-term support level.
_Upper Line Colorr: This line represents a connection between the highest points of the "high_time" period and the lowest point of the "LowerLine_period". Indicates a possible long-term resistance level.
_Up Line Color (Red Line): This line connects the highest point of high prices in the "high_time" period with the highest point of high prices in the "LowerLine_period". It represents a possible long-term resistance level.
_Liquidity Down Line Color(Golden Line): This line connects the highest point of high prices in the "high_time" period with the highest point of low prices in the "low_time" period. It represents a liquidity point and an important support zone.
The indicator becomes particularly interesting when the lines make crossings. These crossovers could suggest a potential trend change in the market. For example:
Change from Bearish to Bullish: If the "long-term" line (black) crosses the "short- or long-term" line (green or blue) from top to bottom, it could indicate a shift from a bearish to a bullish market , suggesting the opportunity for long positions.
_Changing from Bullish to Bearish: If the "long-term" line (blue) crosses the "short-term" line (red or black) from bottom to top, it could indicate a shift from a bullish to a bearish market, suggesting the opportunity for short positions.
Generally speaking, crossings between these lines can be key points of interest for traders, as they can signal significant changes in price direction.
Candlestick analysis
NIFTY POSITION ScannerTracking the real-time intraday position of NIFTY stocks is the utility of this price action based scanner. The number of stocks in this scanner is 40 due to TradingView's script limit.
The script takes present day's price range of the stocks (stocks of the Index being tracked included in this screener) into account, to hint strength or weakness in the underlying Index (for example: NIFTY here).
The day's price range of a stock is gauged on a scale of 0-100, where 0 is Day's price low and 100 is day's price high.
If a stock is in 90-100 price range section the cell with title "90" illuminates hinting the stock is trading near day's high.
Likewise, if a stock is in 0-10 price range section the cell with title "10" illuminates hinting that the stock is trading near day's low.
The price range of 10-25 is represented in the cell titled "25"
The price range of 75-90 is represented in the cell titled "75"
Only one cell from the day's range illuminates at a time for a stock, signaling the present position of that stock in the Day's range at that instant.
The script works best above 10 second time frame.
Idea: If majority of the heavy weight stocks of the Index being tracked are trading near Day's high the underlying Index must be going strong at that very instant and Vice versa.
Disclaimer: Only for studying Index movement ideas intraday, trading is not advised.
Also check out the other scripts by me.
-- Dr. Vats
Impulse-Correction MappingAbout
Impulse-Correction Mapper is an indicator of impulses and corrections (valid pullbacks).
Consecutive candlesticks moving in the same direction means an impulse, and a pullback below/above the previous candlestick means a correction.
This way you can identify IDM zones and find significant POIs on the chart.
Below, you can observe valid pullbacks :
And now, the invalid pullbacks :
The impulse and correction shows us the strength of the bulls or bears and also helps us to identify important liquidity areas, including IDMs.
Each high and low of the impulse-correction serves as liquidity for the institutional algorithmic bots.
The indicator can be a self-sufficient tool for market analysis and identification of liquidity swaps. If the price made a liquidity sweep - it can serve as a signal for a reversal to the nearest liquidity area.
When evaluating the daily movement, you can focus on the impulse-correction indicator: if there is a correction - it is very likely that the price will turn around and you can look for a confirmed entry point to the LTF.
The momentum-correction indicator is the basis of the entire Advanced SMC strategy - it is the foundation for determining the market structure.
Crypto Daily WatchList And Screener [M]
Hi, this is a watchlist and screener indicator designed for traders in the field of cryptocurrencies who want to monitor developments in other currency pairs and indices.
The indicator consists of two tables. One of them is the table containing indices such as BTC dominance, total, total2, which allows you to track market developments and changes. In this table, you will find price information, daily change, stochastic, and trend information.
The other table includes cryptocurrencies like BTC/USDT, ETH/USDT, DOT/USDT, and more. In this table, you will see real-time prices, daily volume, daily change, stochastic, the correlation coefficient between the pair and Bitcoin, and the trend value calculated based on MACD.
The "Customize" section in the settings enables you to personalize the appearance of the tables according to your preferences.
Custom Candlestick MarkingsThis indicator allows you to filter candlesticks based on their body (the real body) and wick lengths. Specifically, it marks candlesticks based on the following criteria:
For Bearish Candles:
1. The close price is lower than the open price (indicating a bearish candle).
2. The difference between the high and the maximum of open and close is less than or equal to the specified upper wick length.
3. The absolute difference between the close and open is greater than or equal to the specified body height.
For Bullish Candles:
1. The close price is higher than the open price (indicating a bullish candle).
2. The difference between the maximum of open and close and the low is less than or equal to the specified lower wick length.
3. The absolute difference between the close and open is greater than or equal to the specified body height.
These conditions are used to filter and mark candlesticks that meet the specified criteria, allowing you to visually identify them on the chart. This can be useful for technical analysis and identifying specific candlestick patterns or conditions based on body and wick lengths.
Certainly, this indicator can help in identifying trends more easily. Specifically, by applying certain criteria based on the length of candlestick bodies and wicks, it becomes easier to visually capture changes in market trends and specific patterns.
For instance, you can use this indicator to identify candlestick patterns that match specific body heights or wick lengths. This makes it easier to detect signs of trend reversals or trend changes, and it can assist in making trading decisions when combined with trendlines or support and resistance levels.
However, it's common to use this indicator in conjunction with other technical analysis tools and indicators. Confirming trends and pinpointing entry points often requires multiple sources of information and analysis. In investing and trading, thorough research and careful strategy are essential.
Smart money conceptThe indicator tracks the smallest movements of price action. It can monitor and analyze market context, attempting to identify trends within each time frame.
If a candle has its entire body above the previous swing high, it indicates a strong upward momentum. The market is leaning towards an upward direction. If the candle remains within the range of the previous swing high, it signifies weak upward momentum. The market is reluctant to move higher.
If a candle has its entire body below the previous swing low, it reflects a strong downward momentum. The market is leaning towards a downward direction. If the candle remains within the range of the previous swing low, it indicates weak downward momentum. The market is reluctant to move lower.
3GBH - ICT NY SessionThis indicator is meant to help those using ICT's methodology.
This script simply highlights the NY session with green and red zones.
The red zone can help to indicate periods you do not want to trade, for example, NY lunch session.
Timings and colors and customizable with an easy user interface.
90 Minute Cycles90m cycles for 7:30-9, 9-10:30, 10:30-12
This indicator shows the 90 minute cycles for 7:30am-9am, 9am-10:30am and 10:30am-12pm New York time.
Educational Inidicators - Ichimoku CloudThis indicator is part of the Indicator Educational Series, intended to help newer traders understand and interact with various indicators. The goal is to allow users to gain a stronger understanding of an indicator's underlying philosophy, and visually see how changes to an indicator's parameters affects the trades suggested by that indicator.
The scripts in this series are all open source, with the code broken up into logical section and notated so beginner users can also understand some PineScript fundamentals.
Please understand that no indicator presented in and of itself constitutes a complete trading strategy. Rather, this series is to help users determine which indicators make sense to them, and which ones to combine to create their own trading strategy. All material presented is purely for educational purposes.
Presented here is the Ichimoku Cloud.
The Ichimoku Cloud was developed by Goichi Hosada, and first published in the late 1960s. It is used by traders to understand price momentum, and help forecast future price movements.
The indicator at its core can be understood from four component parts:
The Conversion Line - An average of the highest and lowest price in a given window. Typically, this is a "fast" average, and as such, this line has the lowest period
The Base Line - An average of the highest and lowest price in a given window. This is a "slower" average than the Conversion Line, and as such should have a larger period than the Conversion Line
Leading Span A - The average of the Conversion Line and the Base Line
[*}Leading Span B - An average of the highest and lowest price in a given window. This is the "slowest" average of all three, and as such should have the largest period
When plotted, the Conversion Line (orange by default), Base Line (purple by default), Leading Span A (blue by default), and Leading Span B (red by defaults) are all drawn on the chart along with the price candles. The area between the Leading Span A and Leading Span B lines are also shaded depending on which of the two lines is greater: whenever Leading Span A is greater the area is shaded positively (blue by default), whenever Leading Span B is greater the area is shaded negatively (red by defaults).
One interesting feature of the Ichimoku Cloud is that it drawn a certain number of candles forward. What this means is that where the cloud is drawn on the chart is reflective of prices that have occurred a number of candles in the past. This is done intentionally to help traders see how the current price is moving in relation to historical price movements on the asset.
See below for how the indicators look in their default colors on the chart
These indicators can then be used to start analyzing the price movement, and making trade decisions.
The first inference we can make is the momentum of the price. Since the lines are drawn from averages of varying speeds, the shaded area between the Leading Span lines can tell us whether the momentum is bullish (up) or bearish (down).
Whenever Leading Span A, the faster of the two lines, is above Leading Span B, that means that price is moving upward faster than it typically has, ergo we are in Bullish Momentum. On the chart, this is indicated in two ways:
The area is shaded positively (blue by default)
A green upward triangle is added to the chart to indicate where the momentum first turned Bullish
Whenever Leading Span A is below Leading Span B, that means that price is moving downward faster than it typically has, ergo we are in Bearish Momentum. On the chart, this is indicated in two ways:
The area is shaded negatively (red by default)
A red downward triangle is added to the chart to indicate where the momentum first turned Bearish
The next inference we can make is possible trading points. When we're in a period of momentum, as determined above, we know that price is going up or down, depending on the momentum we're in. We can then use the Conversion Line, Base Line, and the Price itself to confirm a good trade price.
When the asset is in Bullish Momentum, and the Conversion Line, our fastest average, is above the Base Line, our mid speed average, we know that the price is coming up quickly in the short term. When the Base Line and current Price are also above the cloud, then we have triple confirmation that price is going up, and we should enter a Long position. On the chart, this point is indicated with a green flag.
When the asset is in Bearish Momentum, and the Conversion Line is below the Base Line, we know that the price is going down quickly in the short term. When the Base Line and current Price are also below the cloud, then we have triple confirmation that price is going down, and we should enter a Short position. On the chart, this point is indicated with a red flag.
The script presented here also allows users to customize the various parameters of the Ichimoku Cloud, and visually see how analysis is affected by these changes. This is designed to allow users to modify parameters as they see fit, within certain constraints, to find the best set for them. The lines, cloud, and chart indicators will all update automatically with the users' inputs.
LTF Candle Insights (Zeiierman)█ Overview
The LTF Candle Insights indicator allows traders to explore the finer details of the market by integrating lower time frame (LTF) data into their current chart, offering a more detailed and nuanced view of price movements. This comprehensive visual tool is crucial for traders who want to investigate complex market trends without the constant need to switch between different chart timeframes.
In essence, this indicator overlays the smaller details into the broader frame, enabling traders to grasp the fine points while examining the larger market picture.
█ How It Works
The LTF Candle Insights indicator easily puts LTF candles onto the current chart, allowing traders to see both the current timeframe and the chosen lower timeframe candles at the same time. This dual view helps traders see the main market trends and important price levels, helping them get a better understanding of the little details and complexities of the market.
█ How to Use
Trend Analysis
Traders can use this indicator to look closely at smaller market trends by comparing LTF candles with the candles of the current timeframe. Knowing the trends in LTF helps traders make trades that go along with the small market movements.
Support and Resistance Identification
By looking at the high, low, and middle levels of LTF candles, traders can find possible support and resistance areas. This detailed look helps traders pick the best times to enter or exit trades, set up stop-losses effectively, and manage risk carefully.
█ Settings
Lower Timeframe and Candle Amount
Users can determine the lower timeframe and the number of LTF candles they wish to observe on their current chart.
Range Lines
The high/low range of the illustrated candles and the optional mid-range line can be displayed, granting insights into significant price levels and ranges.
Table Display
A summary table can be displayed, outlining details of the current chart's timeframe and the chosen LTF, providing a succinct overview for traders.
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Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Extended Engulfing CandleExtended Engulfing Candle Pattern Indicator
This indicator advances the standard engulfing candle pattern, capturing more reliable trend reversal signals in the market. Traditional engulfing candle patterns often lead to premature judgments of trend reversals, but the Extended Engulfing Indicator considers consecutive rising or falling candles to pinpoint more conservative trend reversal points.
Features:
Detection of Consecutive Rising/Falling Candles:
This indicator detects the occurrence of consecutive rising or falling candles, considering them when identifying extended engulfing candles. This creates a more potent reversal signal compared to single candle patterns.
Visual Display:
“U” and “D” labels are displayed at the top and bottom of the chart, clearly showing users the rising and falling engulfing patterns.
It only displays a label once, until a pattern in the opposite direction is shown.
Enhanced Accuracy:
By using the information from consecutive candles, the indicator captures trend reversals more conservatively and accurately. This reduces the number of false signals compared to traditional engulfing candle patterns.
How to Use:
When a rising engulfing candle pattern is displayed, it signifies the start of a potential upward trend. Conversely, when a falling engulfing candle pattern appears, it implies the beginning of a potential downward trend.
Caution:
Trading solely with this indicator has its limitations; hence users should cautiously integrate it with their trading strategies. Not all rising and falling engulfing patterns signify trend reversals.
Conclusion:
The Extended Engulfing Candle Pattern Indicator assists in identifying more reliable trend reversal points compared to the traditional engulfing candle patterns. By identifying the high and low points of consecutive candles, it minimizes false signals and helps traders make more accurate judgments on market movements.
확장 장악형 캔들 패턴 인디케이터
이 인디케이터는 표준 장악형 캔들 패턴을 발전시켜, 마켓에서 더 확실한 트렌드 전환 시그널을 포착합니다. 기존의 장악형 캔들 패턴은 종종 너무 이른 트렌드 전환 판단을 내리지만, 확장 장악형 인디케이터는 연속적인 상승 혹은 하락 캔들을 고려하여 더 보수적인 트렌드 전환점을 포착합니다.
특징:
연속 상승/하락 캔들 감지:
이 인디케이터는 연속적인 상승 또는 하락 캔들의 발생을 감지하여, 확장 장악형 캔들이 나타날 때 이를 고려합니다.
이는 단일 캔들 패턴보다 더 강력한 전환 시그널을 생성합니다.
시각적 표시:
차트의 상단과 하단에 “U”와 “D” 라벨을 표시하여, 사용자에게 상승 장악형 및 하락 장악형 패턴을 명확하게 보여줍니다.
반대 방향의 패턴이 나타날 때까지 라벨은 한 번만 표시됩니다.
개선된 정확도:
연속적인 캔들의 정보를 사용함으로써, 트렌드의 전환을 보다 보수적이고 정확하게 포착합니다.
이로 인해 기존의 장악형 캔들 패턴 대비 거짓 신호의 수가 줄어듭니다.
사용 방법:
상승 장악형 캔들 패턴이 표시되면, 이는 잠재적인 상승 트렌드의 시작을 나타냅니다.
반대로, 하락 장악형 캔들 패턴이 나타나면, 이는 잠재적인 하락 트렌드의 시작을 의미합니다.
주의사항:
이 지표만을 이용한 트레이딩에는 한계가 있을 수 있으므로 사용자는 본인의 트레이딩 전략과 결합하여 조심스럽게 사용해야 합니다. 모든 상승, 하락 장악형 패턴이 트렌드의 전환을 의미하지 않습니다.
결론:
확장 장악형 캔들 패턴 인디케이터는 기존의 장악형 캔들 패턴보다 더욱 신뢰할 수 있는 트렌드 전환 포인트를 식별할 수 있게 도와줍니다. 연속적인 캔들의 고점 및 저점을 식별함으로써 거짓 신호를 최소화하고, 트레이더들이 마켓의 움직임에 대해 보다 정확한 판단을 내릴 수 있게 합니다.
Barbwire [yohtza]This is an indicator that helps price action traders in determining when the market is in tight trading range.
Barbwire rules
The conditions for tight trading range are very simple. There has to be at least one doji (body is less than half size of the bars range from high to low) bar in the last three bars and there has to be lots of overlap between those bars. To quantify overlap indicator looks for bars that pull back 50% or more of the previous bars range and current bars that have 50% level touching the previous bar.
How to use this indicator?
For most traders it is best to avoid barbwire, only skilled and experienced traders who understand limit order trading can keep trading in these market conditions and still make money. So in simple terms it is a no trade zone and waiting for market to start trending again is most beneficial and greatly improves odds of achieving profitability and better trading results.
The term barbwire can be found in the books of Dr. Al Brooks which were the inspiration for creation of this indicator and are a great read for aspiring price action traders.
Directional Pressure (maybexo)Liquidity Candles, observed in financial markets, display distinctive candlestick patterns that are noteworthy. These candles exhibit intentional price behavior aimed at triggering stop-loss orders and momentarily misleading traders. The pattern typically starts with a price movement against the current trend, activating stop-loss orders and capitalizing on liquidity from traders anticipating the prevailing trend. Subsequently, the price swiftly changes course, breaking and conclusively closing beyond the prior candle's range, often surprising unsuspecting traders.
Characteristics:
1. Liquidity Grab:
- Liquidity Candles initiate with a deliberate move against the existing trend, aimed at triggering stop-loss orders and gathering liquidity from traders who have placed stops in anticipation of the initial trend.
- Notably, the size of the wick in this liquidity grab is significant; a larger wick indicates a more substantial liquidity grab and can strengthen the indication of a potential market reversal.
2. Swift Reversal and Breakout:
- Following the liquidity grab, the price swiftly changes direction, breaking and conclusively closing above or below the previous candle's range.
3. Institutional Behavior:
- These candles are often linked to institutional trading behavior, suggesting potential involvement by significant market participants due to their distinct and deliberate price action.
// Diamonds
1. RSI Diamonds:
The RSI Diamonds represent RSI entering either overbought or oversold levels.
These Diamonds serve as an early indication for "Spooky Diamonds" as Spooky Diamonds can only form in these conditions
2. Spooky Diamonds:
The Spooky Diamonds highlight specific candle conditions, aiding in the identification of bullish or bearish momentum in the market while considering the RSI status.
Bullish Candle Momentum: The candle size is greater than the previous candle multiplied by a user-defined factor (filterMultiplier) and the closing price is higher than the opening price. This can suggest bullish momentum.
Bearish Candle Momentum: The candle size is greater than the previous candle multiplied by the filterMultiplier, and the closing price is lower than the opening price. This can suggest bearish momentum.
Important Notes:
The Candles + Diamonds should not be used in isolation as buy or sell signals but rather as additional information for your trading strategy.
The goal of this indicator is to provide a visual representation of RSI data and potential momentum during overbought or oversold conditions.
By utilizing the diamonds and candles, you can easily identify RSI levels and their interaction with candles, aiding in decision-making within your trading strategy.
Disclaimer: Always consider your risk tolerance and conduct thorough analysis before making any trading decisions.
Inspiration Credits:
Vanitati
Mr. Casino
Interval Vertical Line DrawerIntroduction
The Interval Vertical Line Drawer is an indicator that assists traders in visualizing specific intervals on the chart. This script enables traders to conduct more accurate analyses across various time frames.
How It Works
This script operates by drawing vertical lines at intervals defined by the user. Users can select the interval for the vertical lines in minutes, and the script automatically places vertical lines at each interval on the chart. For instance, if a 15-minute interval is selected, vertical lines will appear at the start and end times of every 15-minute candle on the chart.
Additionally, this script includes a feature that allows drawing horizontal lines representing the open price of the candles at each vertical line. This is crucial for traders observing price action around specific times and evaluating market conditions at regular intervals.
This script is operative across diverse time frames and can be adjusted to fit various trading styles and analyses. It is efficient, user-friendly, and adaptable to the diverse needs of traders.
The open price of a candle often serves as a support or resistance, and there is a high possibility of significant movement occurring when these S/R levels are breached.
How to Use
VLInterval: Users can input the interval for the vertical lines in minutes and select from 5, 15, 30, 60, 120, 240, 1440.
visibleTimeframe: Users can select the desired time frame where the vertical lines will be visible.
Color and Style: Users can freely modify the color and style of the lines.
Apply the indicator to the chart.
Select the desired interval for the vertical lines.
Adjust the visibility and style of the lines as needed.
By adhering to these steps, traders can effectively incorporate this tool into their analysis, maximizing the utility of interval-based evaluations and observations.
소개
간격 수직 선 그리기 도구는 트레이더가 차트에서 특정 간격을 시각화할 수 있도록 도와주는 지표입니다. 이 스크립트는 트레이더들이 다양한 시간 프레임에서 더 정확한 분석을 수행할 수 있게 해줍니다.
작동 원리
이 스크립트는 사용자가 정의한 간격에서 수직선을 그리는 방식으로 작동합니다. 사용자는 분 단위로 수직선 간격을 선택할 수 있고, 스크립트는 자동으로 차트의 각 간격에 수직선을 배치합니다. 예를 들어, 15분 간격이 선택되면, 차트에는 15분봉의 시작, 종료 시간마다 수직선이 나타납니다.
더불어, 이 스크립트는 각 수직선에서의 캔들의 시가를 나타내는 수평선을 그릴 수 있는 기능도 포함하고 있습니다. 이는 트레이더가 특정 시간 주변의 가격 행동을 관찰하고 정기적인 간격으로 시장 상황을 평가하는데 중요합니다.
이 스크립트는 다양한 시간 프레임에서 작동하며, 다양한 거래 스타일과 분석에 맞게 조정할 수 있습니다. 이는 효율적이고 사용자 친화적이며, 트레이더의 다양한 필요에 적응할 수 있습니다.
캔들의 시작가는 종종 지지 또는 저항의 역할을 하며, S/R이 깨질 때 큰 움직임이 일어날 가능성이 높습니다.
사용 방법
VLInterval: 사용자는 분 단위로 수직선 간격을 입력할 수 있으며, 5, 15, 30, 60, 120, 240, 1440 중에서 선택할 수 있습니다.
visibleTimeframe: 사용자는 수직선이 보이게 될 원하는 시간 프레임을 선택할 수 있습니다.
색상과 스타일: 사용자는 선의 색상과 스타일을 자유롭게 수정할 수 있습니다.
지표를 차트에 적용합니다.
수직선의 원하는 간격을 선택합니다.
선의 가시성과 스타일을 필요에 맞게 조정합니다.
[Holy] Candle BlocksThis experimental indicator overlays candles from higher timeframes directly onto your current chart. The concept of Candle Blocks aims to offer an intuitive way to view price action across multiple periods simultaneously.
FEATURES
Multiple Timeframe Support: Choose from various timeframes to overlay, such as hourly, daily, weekly, etc.
Customizable Opacity: Adjust the transparency of the overlay to ensure the primary chart remains visible.
Color Coding: The overlay uses distinct colors to indicate bullish and bearish candles from the higher timeframe.
Real-time Update: The overlay updates in real-time as new higher timeframe candles are formed.
USE CASES
Trend Confirmation: Validate the trend direction of your primary timeframe by examining higher timeframe Candle Blocks.
Support & Resistance: Identify key support and resistance levels more clearly by seeing them on multiple timeframes.
Fourth-Dimensional Decision Making: This indicator aims to move towards a 4th-dimensional trading perspective, where time is considered as a vector. This helps traders to always make decisions with multiple timeframes in mind.
EXPERIMENTAL
This indicator is in its experimental stage, and future updates will be made based on its effectiveness and the feedback received. If you find this concept useful or have suggestions for improvement, please provide feedback. This will aid in further development and refinement of the indicator.
Fibonacci HH LL TRAMA BandLuxAlgo's Trend Moving Adaptive Moving Average was used as a reference to create bands by reading the highest and lowest prices of past bars based on Fibonacci numbers and then multiplying them by the Fibonacci ratio.
LuxAlgo/ LuxAlgo/
In particular, the so-called TRAMA is characterized by its adaptation to the average of the highest and lowest prices over a specific period of time and is used to identify support/resistance.
In order to apply this feature to the maximum extent possible, I used the high or low prices as the source of input, rather than the closing price.
For example,
src = high
not original like
src = close
In addition, I created 6 levels by multiplying the Fibonacci ratio
//Midline
mah = ama1
mal = ama2
m = (mah + mal)/2
//Half Mean Range
dist = (mah - mal)/2
//Levels
h6 = m + dist * 11.089
h5 = m + dist * 6.857
h4 = m + dist * 4.235
h3 = m + dist * 2.618
h2 = m + dist * 1.618
h1 = m + dist * 0.618
l1 = m - dist * 0.618
l2 = m - dist * 1.618
l3 = m - dist * 2.618
l4 = m - dist * 4.235
l5 = m - dist * 6.857
l6 = m - dist * 11.089
If you want to use it for scalping, such as 15 minutes, you can include Fibonacci numbers such as 21,34,55 for a quick reaction type to detect the trend. Also, by including Fibonacci numbers such as 89,144,233, you can see where you stand in the larger trend. Some examples are included below.
For Investors
BTCUSDT 1day Chart Fibonacci number "55"
For Daytraders
BTCUSDT 4hour Chart Fibonacci number "34"
For Scalpers
BTCUSDT 15min Chart Fibonacci number "55"
BTCUSDT 15min Chart Fibonacci number "89"
BTCUSDT 15min Chart Fibonacci number "233"
Fibonacci numbers are 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610, etc.,
Fibonacci ratios are 0.618, 1.618, 2.618, 4.236, 6.854, 11.089, etc.,
[Round Numbers] Signal Clean Up Analysis with Backtest (TSO)Round Numbers NEW GEN indicator!
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This is a full-cycle trading system indicator - it will show and alert each step of the trade from open to close. The algorithm here uses Round Numbers for generating signals, TP (Take Profit) and SL (Stop Loss) levels. Round numbers play big role in trading and can easily become strong support and resistance levels where price can bounce and go the opposite way or go through with a very nice run afterwards.
In addition there is a chained (NOTE: You can select several or ALL of the features, this is not limited to either one) signal cleanup and analysis approach with scheduling and alerting capabilities. Works with most popular timeframes: 1M, 3M, 5M, 15M, 30M, 1H, 4H, D.
NOTE: Every action of the trade is calculated on a confirmed closed candle bar state (barstate.isconfirmed), so the indicator will never repaint!
NOTE: At position open - there will be calculated Take-Profit and Stop-Loss targets, however each target is considered hit, when candle bar closes breaking that target, so Take-Profit and Stop-Loss when hit will slightly differ then what you see at trade/position open.
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Round Numbers up|down unit setting and overall explanation
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Round Number up|down unit: is the distance between round numbers on the chart. Since these round number levels are also used by the algorithm to open/close trades, it is important to set this setting to a logical number, which will correspond to an average price movement of the instrument.
Here are some examples for a few popular instruments on what will the default 1 round number unit correspond to and what would be suggested:
BTCUSD > $1 (this won't work for Bitcoin, try at least $100 - 100units)
SPY: > $1 (one of the best settings for SPY or QQQ, 50cents shows good results as well - 0.5units)
FOREX (all major pairs): > 10PIPs (that may be a bit small, unless scalping, try 50PIPs - 5units)
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Explanation of all the Features | Strategy Configuration Guide | Indicator Settings | Signal Cleanup Analysis
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>>> Customizable Backtesting for a specific date range, results via TradingView strategy, which includes “Deep Backtesting” for largest amounts of data on trading results.
>>> Trading Schedule with customizable trading daily time range, automatic closing/alert trades before Power Hour or right before market closes or leave it open until next day.
>>> 3 Trading Systems.
>>> Static/Dynamic/Trailing Take-Profit and Stop-Loss setups (HIGHLIGHT: Stop-Loss will be moved to Entry after TP1 is taken or a smart trailing Stop-Loss can be used with Stop-Loss dynamically following the trade to minimize risk).
>>> Single or Multiple profit targets (up to 5).
>>> Take-Profit customizable offset feature (set your Take-Profit targets slightly before everyone is expecting it!).
>>> Candle bar signal analysis (matching candle color, skip opposite structured and/or doji candle uncertain signals).
>>> Additional analysis of VWAP/EMA/ATR/EWO (Elliot Wave Oscillator)/Divergence MACD+RSI/Volume signal confirmation (clean up your chart with indicator showing only the best potential signals!).
>>> Advanced Alerts setup, which can be potentially setup with a trading bot over TradingView Webhook (NOTE: This will require advanced programming knowledge).
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Labels, plots, colors explanations:
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>>>>> LONG open: green "house" looking arrow below candle bar.
>>>>> SHORT open: red "house" looking arrow above candle bar.
>>>>> LONG/SHORT take-profit target: green/red circles (multi-profit > TP2/3/4/5 smaller circles).
>>>>> LONG/SHORT stop-loss target: green/red + crosses.
>>>>> LONG/SHORT take-profit hits: green/red diamonds.
>>>>> LONG/SHORT stop-loss hits: green/red X-crosses.
>>>>> LONG/SHORT EOD (End of Day | Intraday style) close (profitable trade): green/red squares.
>>>>> LONG/SHORT EOD (End of Day | Intraday style) close (loss trade): green/red PLUS(+)-crosses.
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Date Range and Trading Schedule Settings
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>>>>> Date Range: Select your start and/or end dates (uncheck “End” for indicator to show results up to the very moment and to use for LIVE trading) for backtesting results, if not using backtesting – uncheck “Start”/“End” to turn it off.
>>>>> Use TradingView “Strategy Tester” to see backtesting results
NOTE: If Strategy Tester does not show any results with Date Ranged fully unchecked, there may be an issue where a script opens a trade, but there is not enough TradingView power to set the Take-Profit and Stop-Loss and somehow an open trade gets stuck and never closes, so there are “no trades present”. In such case you will need to manually check “Start”/“End” dates or use “Depp Backtesting” feature!
>>>>> Trading Schedule: This is where you can setup Intraday Session or any custom session schedule you wish. Turn it ON. Select trading hours. Select EOD (End of Day) setting (NOTE: If it will be OFF, the indicator will assume you are holding your position open until next day!). Please note the EOD trade closure times with the 2 different Intraday close settings when turned on:
At Market Close:
1/3/5min > will close at 15:55pm ET
15min > will close at 15:45pm ET
30min > will close at 15:30pm ET
45min > will close at 15:45pm ET
60min > will close at 15:00pm ET
Before Power Hour:
1/3/5min > will close at 15:00pm ET
15min > will close at 15:00pm ET
30min > will close at 15:00pm ET
45min > will close at 15:00pm ET
60min > will close at 15:00pm ET
>>> Trading Systems: 1) "Open Until Closed by TP or SL": the signal will only open a trade if no trades are currently open/trunning, a trade can only be closed by Take Profit, Stop Loss or End of Day close (if turned on) | 2) "Open Until Closed by TP or SL + OCA": Same as 1), but if there is an opposite signal to the trade which is currently open > it will immediately be closed with new trade open or End of Day close (if turned on) | 3) "OCA (no TP or SL)": There are is Take Profit or Stop Loss, only an opposite signal will close current trade and open an opposite one or End of Day close (if turned on).
>>> Turn On/Off: Current Position SL + Opposite Position Open Signal on the same closing candle bar (If current trade hits Stop-Loss and at that same closing candle bar there is a signal for an opposite direction trade > indicator will close current position as Stop-Loss and immediately open an opposite position). NOTE: With this option turned on, there will be more trades, but not necessarily better results, since after Stop-Loss is hit, it may make sense to wait a little before opening an opposite trade, even if it matches the condition at the same time when Stop-Loss is hit, but sometimes it shows great results, so this setting/feature is included. NOTE: This setting only will work/make sense with TP and SL style/behavior both be set to "Fully Closed Candle"!
>>> Turn On/Off: Turn On/Off: Current Position REGULAR SL | Only the SL + Opposite Position Open will trigger if turned on, IF NOT - THERE WILL BE NO STOP-LOSS AT ALL!!! NOTE: It is very dangerous to trade without Stop-Loss!
>>>>> Signal Candle Bar consuming Take-Profits - position/trade signal candle bar is big enough to "consume"/close ahead the first TP setting > the signal can either be skipped, or all Take-Profit areas pushed ahead using smart formula)
>>>>> MULTIPROFIT | TP (Take-Profit) System: 1) Static – Once the trade is open, all Take-Profit target(s) are immediately calculated and set for the trade > once the target(s) is hit > trade will be partially closed (if candle bar closes beyond several Take-Profit targets > trade will be reduced accordingly to the amount of how many Take-Profit targets were hit) ||| 2) Dynamic – Once the trade is open, only the 1st Take-Profit target is calculated, once the 1st Take-Profit is hit > next Take-Profit distance is calculated based on the distance from trade Entry to where 1st Take-Profit was taken, once 2nd Take-Profit is taken > 3rd Take-Profit is calculated per same logic, these are good for price momentum as with price speeding up – profits increase as well!
>>>>> MULTIPROFIT: SL (stop loss) System | Static: SL is set at position open and remains such; Dynamic: Once ANY TP is taken > SL will be moved to Entry; Trailing: SL will be moved along the position (smart trailing stop-loss), at TP1 taken > SL moves to Entry, at TP2 taken > SL moves to TP1, at TP3 taken > SL moves to TP2 and so on.
>>>>> # of TPs (number of take profit targets): Just like it is named, this is where you select the number of Take-Profit targets for your trading system (NOTE: If "OCA (no TP or SL)" Trading System is selected, this setting won’t do anything, since there are no TP or SLs for that system).
>>>>> TP(s) offset: This is a special feature for all Take-Profit targets, where you can turn on a customizable offset, so that if the price is almost hitting the Take-Profit target, but never actually touches it > you will capture it. This is good to use with HHLL (Highest High Lowest Low), which is pretty much a Support/Resistance as often the price will nearly touch these strong areas and turn around…
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Dynamic/Static/Trailing Take-Profit and Stop-Loss visual examples:
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1) Fully Static Take-Profit and Stop-Loss
This one is a fully static setup for both Take-Profit and Stop-Loss, you can also observe how trade is closed right before the Power Hour (trade can be closed right before Power Hour or right before Market Closes or left overnight as desired).
2) Static/Dynamic, Static Take-Profit and Dynamic Stop-Loss
You can see a static Take-Profit set at position open, while Stop-Loss moves to Entry once TP1 target is taken.
3) Static/Trailing, Static Take-Profit and Trailing Stop-Loss
In here with each Take-Profit taken, Stop-Loss moves along the trade to previous Take-Profit level, you can notice how stop-loss literally follows the trade and reduces the potential loss.
4) Dynamic/Trailing, Dynamic Take-Profit and Trailing Stop-Loss
See how Take-Profit distances increase with price momentum. Just like in previous example - Trailing Stop-Loss is following the trade and reducing the riks.
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Signal Analysis and Cleanup Settings
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>>>>> Candle Analysis | Candle Color signal confirmation: If closed candle bar color does not match the signal direction > no trade will be open.
>>>>> Candle Analysis | Skip opposite candle signals: If closed candle bar color will match the signal direction, but candle structure will be opposite (for example: bearish green hammer, long high stick on top of a small green square) > no trade will be open.
>>>>> Candle Analysis | Skip doji candle signals: If closed candle bar will be the uncertain doji > no trade will be open.
>>>>> Divergence/Oscillator Analysis | EWO (Elliot Wave Oscillator) signal confirmation: LONG will only be open if at signal, EWO is green or will be at bullish slope (you can select which setting you desire), SHORT if EWO is red or will be at bearish slope.
>>>>> Divergence/Oscillator Analysis | VWAP signal confirmation: LONG will only be open if at signal, the price will be above VWAP, SHORT if below.
>>>>> Divergence/Oscillator Analysis | Moving Average signal confirmation: LONG will only be open if at signal, the price will be above selected Moving Average, SHORT if below.
>>>>> Divergence/Oscillator Analysis | ATR signal confirmation: LONG will only be open if at signal, the price will be above ATR, SHORT if below.
>>>>> Divergence/Oscillator Analysis | RSI + MACD signal confirmation: LONG will only be open if at signal, RSI + MACD will be bullish, SHORT if RSI + MACD will be bearish.
>>>>> Volume signal confirmation: LONG/SHORT will only be opened with strong Volume matching the signal direction, by default, strong Volume percentage is set to 150% and weak to 50%, but you can change it as you desire.
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TP System - VERY IMPORTANT INFO!
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"TP PERCENTAGE" - amount by which current trade/position needs to be reduced/partially closed/sold.
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TP System: Dynamic
"TP PERCENTAGE" - will always be the same amount (trade/position size divided by the # of take-profit(TP) targets) and percentage to be closed will always be of the ORIGINAL trade/position.
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TP System: Static
"TP PERCENTAGE" - will always be the same amount IF take-profit(TP) targets are hit 1-by-1 (TP1 > TP2 > TP3 > TP4 > TP5), otherwise it will vary and unless it is a 1st take-profit(TP1), the REMAINING trade/position size will always be smaller than original and therefore the percentage to be closed will always be of the REMAINING trade/position and NOT the original one!
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"TP PERCENTAGE" CheatSheet (these are the only percentages you may see)
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TP PERCENTAGE---Close/Sell Amount-------------Example (trade size: 50 stocks)
20%-------------trade size * 0.2--------------50 * 0.2 = 10 stocks
25%-------------trade size * 0.25-------------50 * 0.25 = 12.5(~13) stocks
34%-------------trade size * 0.34-------------50 * 0.34 = 17 stocks
40%-------------trade size * 0.4--------------50 * 0.4 = 20 stocks
50%-------------trade size * 0.5--------------50 * 0.5 = 25 stocks
60%-------------trade size * 0.6--------------50 * 0.6 = 30 stocks
66%-------------trade size * 0.66-------------50 * 0.66 = 33 stocks
75%-------------trade size * 0.75-------------50 * 0.75 = 37.5(~38) stocks
80%-------------trade size * 0.8--------------50 * 0.8 = 40 stocks
100%------------trade size--------------------50 = 50 stocks
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If for any reason a portion of the current/remaining trade closed at such occurrence was slightly wrong, it is not an issue. Such occurrences are rare and with slight difference in partial TP closed is not significant to overall performance of our algorithms.
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Alert Settings (you don’t have to touch this section unless you will be using TradingView alerts through a Webhook to use with trading bot)
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Here is how a LONG OPEN alert looks like.
NOTE: Each label , , etc. is customizable, you can change the text of it within indicator Input settings.
ALERT >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
COIN: BTCUSD
TIMEFRAME: 15M
LONG: OPEN
ENTRY: 20000
TP1: 20500
TP2: 21000
TP3: 21500
TP4: 22500
TP5: 23500
SL: 19000
Leverage: 0
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Here is how a TP1 alert will look with 5 TPs breakdown of the trade.
NOTE1: Next to TP1 taken it will show at which price it was triggered.
NOTE2: Next to "TP Percentage" it shows how much of the CURRENT/ACTIVE/REMAINING trade needs to be closed.
NOTE2: If TP2/3/4/5 comes before TP1 - the alert will tell you exactly how many percent of the trade needs to be closed!
ALERT >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
COIN: BTCUSD
TIMEFRAME: 15M
LONG: TP1
TP1: 20500
TP Percentage: 20%
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Here is how an alert will look for LONG - STOP-LOSS.
ALERT >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
COIN: BTCUSD
TIMEFRAME: 15M
ENTRY: 20000
LONG: SL
SL: 19000
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Here is how an alert will look for LONG - EOD (End of Day) In Profit close.
ALERT >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
COIN: BTCUSD
TIMEFRAME: 15M
LONG: EOD-Close (profit)
ENTRY: 20000
EOD-Close: 21900
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Adding Alerts in TradngView
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-Add indicator to chart and make sure the correct strategy is configured (check Backtesting results)
-Right-click anywhere on the TradingView chart
-Click on Add alert
-Condition: Select this indicator by it’s name
-Immediately below, change it to "alert() function calls only", as other wise there will be 2 alerts for every alert!
-Expiration: Open-ended (that may require higher tier TradingView account, otherwise the alert will need to be occasionally re-triggered)
-Alert name: Whatever you desire
-Hit “Create”
-Note: If you change ANY Settings within the indicator – you must DELETE the current alert and create a new one per steps above, otherwise it will continue triggering alerts per old Settings!
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If you have any questions or issues with the indicator, please message me directly via TradingView.
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Good Luck! (NOTE: Trading is very risky, past performance is not necessarily indicative of future results, so please trade responsibly!)
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NOTE: There seems to be a strange glitch when strategy is running live, it will show "double-take" take-profits labels on the chart. This is not affecting the script logic and backtesting results, if you simply change the timeframe real quick to something else then back - it will no longer show the duplicate orders... this must be some sort of a glitch as every alert was thoroughly tested to make sure everything is working!
itradesize /\ Remaining Time - Candle close countdown A simple tool that displays the remaining time of M15, H1, H4, and D candles until they close.
Moreover, It works on all timeframes with all the exact data of the desired timeframe.
It can be such a useful tool when you using OHLC, AMD, and other theories. As you do not need to scrub back and forth through different timeframes to look for a bar close.
Notes:
• The Remaining Time Table only works in real time. It will show a “-“ sign, when you are in a replay mode.
This indicator has a Watermark section too where you can add your name/title/etc.. additionally, it shows the symbol, current timeframe, current date and you are able to customise them.
Trendy Bars CounterTrendy Bars Counter indicates the number of bars in trend.
Green: If trend is up
Red: If trend is down
Gray: If there is no trend
Minimum Number Of Trendy Bars: if trendy bars count is greater than this value trendy bars count will be plotted
Find Highest, Lowest, and 50% Value BarsThe Time Range Max Min Indicator is a powerful tool designed to analyze price data within a specific time frame.
This indicator allows traders and analysts to identify the maximum and minimum price levels that occurred during a user-defined time range.
It provides valuable insights into price volatility and helps traders make informed decisions by pinpointing key support and resistance levels.
The Time Range Max Min Indicator also calculates the midpoint or 50% level within the selected time frame, aiding in trend analysis and potential reversal points.
Its user-friendly interface makes it easy to customize time intervals, ensuring flexibility in your analysis.
This indicator is indispensable for day traders, swing traders, and investors looking to optimize their entry and exit strategies.
By visualizing the price extremes and central tendency, it enhances overall market awareness and risk management.
Utilize this tool in conjunction with other technical indicators to fine-tune your trading strategies.
With its real-time updating capabilities, it provides dynamic insights into changing market conditions.
Whether you're a novice or an experienced trader, the Time Range Max Min Indicator is an essential addition to your technical analysis toolkit, helping you navigate the markets with precision.
Range Breakout Signals (Intrabar) [LuxAlgo]The Range Breakout Signals (Intrabar) is a novel indicator highlighting trending/ranging intrabar candles and providing signals when the price breaks the extremities of a ranging intrabar candles.
🔶 USAGE
The indicator highlights candles with trending intrabar prices, with uptrending candles being highlighted in green, and down-trending candles being highlighted in red.
This highlighting is affected by the selected intrabar timeframe, with a lower timeframe returning a more precise estimation of a candle trending/ranging state.
When a candle intrabar prices are ranging the body of the candle is hidden from the chart, and one upper & lower extremities are displayed, the upper extremity is equal to the candle high and the lower extremity to the candle low. Price breaking one of these extremities generates a signal.
The indicator comes with two modes, "Trend Following" and "Reversal", these modes determine the extremities that need to be broken in order to return a signal. The "Trend Following" mode as its name suggests will provide trend-following signals, while "Reversal" will aim at providing early signals suggesting a potential reversal.
🔶 DETAILS
To determine if intrabar prices are trending or ranging we calculate the r-squared of the intrabar data, if the r-squared is above 0.5 it would suggest that lower time frame prices are trending, else ranging.
This approach allows almost obtaining a "settings" free indicator, which is uncommon. The intrabar timeframe setting only controls the intrabar precision, with a timeframe significantly lower than the chart timeframe returning more intrabar data as a result, this however might not necessarily affect the displayed information by the indicator.
🔶 SETTINGS
Intrabar Timeframe: Timeframe used to retrieve the intrabar data within a chart candle. Must be lower than the user chart timeframe.
Auto: Select the intrabar timeframe automatically. This setting is more adapted to intraday charts.
Mode: Signal generation mode.
Filter Out Successive Signals: Allows removing successive signals of the same type, returning a more easily readable chart.
OrderBlock_TradingHubAn order block refers to a specific area on chart that represents a significant level of support or resistance where institutional traders have placed large orders. By identifying order blocks, traders can gain insights into the intentions and actions of the smart money participants.
Typically, the order block is represented by the last bullish (bearish) candle before a downtrend (uptrend) initiate. Whereas this indicator is quite different from the existing order block detection tools. It categorizes order blocks into different types (Main order blocks, Unmitigated shadow order blocks and Single candle order blocks), checking the following criteria based on TradingHUB-3 technical method:
1) Take out liquidity
2) Cause imbalance
3) Not to be inside-bar
How it works:
This indicator identifies 3 types of order blocks through the following procedure:
1) Main Order Blocks (Extreme, Decisional, and SMT(smart money trap)):
• Check that the candle is not inside bar.
• Check that the candle has taken out the liquidity beyond the previous candle's high/low.
• Check that the candle has created an imbalance (FVG) after; if not: the order block will be transferred to the first following candle that created imbalance. We check up to three following candles to find any imbalance.
2) Unmitigated Shadow Order Blocks:
• Check that the candle has taken out the liquidity beyond the previous candle's high/low.
• Check that the price has not touched the shadow so far.
3) Single Candle Order Blocks (SCOB):
• Check that the candle is not inside bar.
• Check that the candle has taken out the liquidity beyond the previous candle's high/low.
• Check confirmation:
- If the candle is closed higher/lower than the previous candle high/low, it is confirmed as a SCOB; otherwise:
- Move forward up to a specified number (determined by the user) to find a confirmation candle. A confirmation is a candle that closed higher/lower than the SCOB and its following candles high/low. The SCOB's following candles, and the confirmation candle should not take out the SCOB's liquidity again.
How to use it:
• This indicator can be used in all time frames.
• If the liquidity is taken out in an uptrend (downtrend) market structure, when the price meets the order blocks, we can go to lower timeframes and look for a trigger to enter the long (short) trade.
• It is essential for smart money traders to diagnose the market structure accurately. The "Structure_TradingHub " indicator is recommended for its ability to analyze the market structure effectively.
Indicator options:
• Show/Hide mitigated order Blocks: By this option, the user can choose whether to delete the touched order blocks or trimmed them.
• Show/Hide the unmitigated shadows. They are displayed by dashed lines.
• Show/Hide single candle order blocks: They are displayed by two lines placed above and below the candle.
• Changing the color and style of uptrend and downtrend order blocks.
