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ali_he96This is a customized version of the HALFTREND indicator. Trading Method: Timeframe: 1-hour or higher. Buy Signal: When a buy signal is generated, open a long position and set the stop loss just below the lowest level. Sell Signal: When a sell signal is generated, open a short position and set the stop loss just above the highest level. Risk Management: Make sure to learn risk management principles before trading. Always maintain a minimum risk-to-reward ratio of 2 You can set alerts to receive notifications for buy and sell signals.
Pine Script™ indicator
by alihesarakitrade
Multi-Timeframe Strategy with Pivots. 1m trend follow breakouts.This is a basic script that shows bullish and bearish pivots above or below the aligning moving averages. It also give an entry indicator when price taps, or crosses a moving average before moving past the corresponding pivot. This is a personal strategy that in my findings has shown around a 60% win rate when aligned with higher timeframe trend, and high volume times of entry. This indicator needs refinement, but it is as close as I can get using Ai coding, since I don't know how to code. If you stumble across this indicator/ strategy and have refinement suggestions, let me know! Thanks. Happy Trading!
Pine Script™ indicator
by Hyder521
Buy/Sell SignalExplanation of the Code Sell Signal Condition: Checks if the pattern is a green candle followed by two red candles. Buy Signal Condition: Checks if the pattern is a red candle followed by two green candles. Plotting: Uses plotshape to show arrows above/below the bars when the conditions are met. This script should be placed in the TradingView Pine Editor and will display buy/sell arrows on the chart where the patterns occur. You can adjust it to refine the pattern or the candle color criteria based on exact requirements. Let me know if you need further adjustments!
Pine Script™ indicator
by skeooudone
5-Minute EurUsd GbpUsd Pivot Bars 1.0The 5-Minute EurUsd GbpUsd Pivot Bars indicator is a specialized tool crafted to identify low-range pivot bars on 5-minute charts, specifically optimized for EURUSD and GBPUSD pairs. By focusing on precise pip measurements tailored for pairs where 1 pip is represented by 0.0001, this indicator highlights potential pivot bars within specific trading sessions, helping traders identify intraday reversals and optimal entry points. This is particularly beneficial for traders looking for directional clarity in high-liquidity pairs like EURUSD and GBPUSD during key trading sessions. Key Features: - Customizable Pip Thresholds for EURUSD and GBPUSD: This indicator uses the following thresholds, tailored for EURUSD and GBPUSD pairs: - Limited Range: Highlights bars with a range of 4 pips or less between open and close. - High/Low Directionality: Requires at least 3 pips between the close/open and the bar's high or low. - Open/Close Proximity: Marks bars where the open and close are within 4 pips. - Inside Bar Tolerance: Excludes inside bars that fall within a 3-pip range of the previous bar’s high and low. - Session-Based Alerts: - The indicator allows users to enable alerts specifically for the European Session (6:00-12:00), American Session (12:00-17:00), and London Close (17:00-20:00). Adjust these session times based on your time zone by using the time-shift parameter. - Alerts are triggered in real-time for valid bullish and bearish pivot bars within the specified sessions, enabling you to react to potential market moves promptly. - Time Shift Flexibility: - Adjust the "Time Shift" parameter to account for different time zones, ensuring session alignment wherever you are trading from. How It Works: 1. Pivot Bar Identification: The indicator scans for bars where the difference between the open and close is within the "Limited Range" threshold. Both the open and close should be near either the high or the low of the bar. 2. Directional Filtering: It only considers bars with a strong directional bias by enforcing a minimum distance between the open/close levels and the opposite end of the bar (high/low). Bars that do not exhibit this directionality are excluded. 3. Inside Bar Exclusion: Inside bars, where the bar's range is completely contained within the previous bar’s high and low (with a tolerance of 3 pips), are excluded. Consecutive inside bars are also excluded, helping to filter out bars typically associated with market consolidation. 4. Session-Specific Alerts: When a valid pivot bar appears within the chosen sessions, an alert is triggered. The alerts differentiate between bullish and bearish pivot bars based on whether the close is near the high or the low of the bar. How to Use: - Trend Reversals: This indicator can help spot potential trend reversals or pullbacks within active trading sessions on a 5-minute chart. - Refining Entry Points: The highlighted bars provide potential entry signals for traders looking to capitalize on short-term directional changes. - Combining with Other Indicators: For more robust analysis, combine this tool with momentum indicators or trendlines to confirm signals and enhance decision-making. Default Parameters: - Limited Range: 4 Pips - High/Low Directionality: 3 Pips - Open/Close Proximity: 4 Pips - Inside Bar Tolerance: 3 Pips - Session Alerts: Enabled for European, American, and London Close sessions - Time Shift: Default set to 6 (adjustable to match your time zone) This indicator is specifically optimized for EURUSD and GBPUSD pairs on 5-minute charts due to its pip calculation.
Pine Script™ indicator
by TrendFollowingTradersCommunity
Accumulation & Distribution Zones with Manipulation//@version=5 indicator("Accumulation & Distribution Zones with Manipulation", overlay=true) // Parameters fastLength = input.int(9, title="Fast MA Length") slowLength = input.int(21, title="Slow MA Length") manipulationThreshold = input.float(2.0, title="Manipulation Threshold (%)", minval=0) // Moving Averages fastMA = ta.sma(close, fastLength) slowMA = ta.sma(close, slowLength) // Plot Moving Averages plot(fastMA, color=color.blue, title="Fast MA") plot(slowMA, color=color.red, title="Slow MA") // Identify Accumulation and Distribution accumulation = ta.crossover(fastMA, slowMA) // Bullish crossover distribution = ta.crossunder(fastMA, slowMA) // Bearish crossover // Plot Accumulation and Distribution Zones bgcolor(accumulation ? color.new(color.green, 90) : na, title="Accumulation Zone") bgcolor(distribution ? color.new(color.red, 90) : na, title="Distribution Zone") // Draw Boxes for Accumulation var float accumulationStart = na var float accumulationEnd = na if accumulation accumulationStart := low // Start of accumulation candle accumulationEnd := na // Reset end on new accumulation if not na(accumulationStart) and not distribution accumulationEnd := high // Keep updating the end of the accumulation candle if not na(accumulationEnd) box.new(bar_index - 1, accumulationStart, bar_index, accumulationEnd, bgcolor=color.new(color.green, 70), border_color=color.green) // Labels for Accumulation and Distribution if accumulation and not accumulation label.new(bar_index, high, "Accumulation", style=label.style_label_down, color=color.green, textcolor=color.white) if distribution and not distribution label.new(bar_index, low, "Distribution", style=label.style_label_up, color=color.red, textcolor=color.white) // Manipulation Detection: Assume manipulation if the price moves significantly within the threshold manipulation = (close - ta.lowest(low, 5)) / ta.lowest(low, 5) * 100 > manipulationThreshold // Draw Boxes for Manipulation var float manipulationStart = na var float manipulationEnd = na if manipulation manipulationStart := low // Start of manipulation candle manipulationEnd := high // End of manipulation candle if not na(manipulationStart) box.new(bar_index - 1, manipulationStart, bar_index, manipulationEnd, bgcolor=color.new(color.yellow, 70), border_color=color.yellow) // Plot Manipulation Labels if manipulation label.new(bar_index, close, "Manipulation", style=label.style_label_down, color=color.yellow, textcolor=color.black) // Alerts alertcondition(accumulation, title="Accumulation Alert", message="Potential Accumulation Zone identified!") alertcondition(distribution, title="Distribution Alert", message="Potential Distribution Zone identified!") alertcondition(manipulation, title="Manipulation Alert", message="Potential Manipulation detected!")
Pine Script™ indicator
by SoniaDP
MathsTrade Nifty Option StrikeOption Type and Strike Price Selection: 1.Calls: In-the-money (ITM): If the strike price is below the current market price. Provides intrinsic value and is less risky. Out-of-the-money (OTM): If the strike price is above the current market price. Provides a leverage play with lower premiums. At-the-money (ATM): Strike price is equal to the underlying asset’s market price, offering a balance of cost and potential reward. Puts: In-the-money (ITM): The strike price is above the current market price. Higher premiums but higher chances of profitability. Out-of-the-money (OTM): The strike price is below the current market price, cheaper with greater risk but also higher reward potential if the market moves significantly. 2. Consider the Bid-Ask Spread: Narrower bid-ask spreads are generally a sign of better liquidity, making it easier to enter and exit trades at favorable prices. Avoid options with wide bid-ask spreads as they can lead to higher transaction costs and slippage. 3. Liquidity and Open Interest: Look for Liquidity: Higher open interest and volume generally mean that the option has better liquidity, ensuring you can enter or exit trades more efficiently. Strike Selection: Ensure there is adequate open interest at the selected strike price. Too little open interest can make it harder to exit a trade. Conclusion: Selecting the right strike price depends on your market outlook, time frame, risk tolerance, and the volatility of the underlying asset. A careful evaluation of these factors will help you choose an optimal strike price and increase the probability of success in your options trades. Always make sure to balance the risk/reward profile of the chosen strike with the capital you're willing to invest.
Pine Script™ indicator
by victory6
Engulfing BoxThe Engulfing Box indicator is a custom script designed to visually highlight and track bullish and bearish engulfing candlestick patterns on a price chart. These patterns are often used to identify potential reversal points, making them valuable for technical analysis. The script dynamically draws colored boxes around these patterns, helping users easily spot them in the price action. Key Features: Bullish Engulfing Pattern: When a candlestick fully engulfs the previous bearish candle (i.e., the close of the current candle is higher than the open of the previous candle, and the open is lower than the close of the previous candle), the script draws a green box around the bullish engulfing candle. This box is drawn from the open of the previous candle to the low of the previous candle. Bearish Engulfing Pattern: When a candlestick fully engulfs the previous bullish candle (i.e., the close of the current candle is lower than the open of the previous candle, and the open is higher than the close of the previous candle), a red box is drawn around the bearish engulfing candle. This box is drawn from the open of the previous candle to the high of the previous candle. Dynamic Box Management: Once an engulfing pattern is detected, a box is drawn with the following attributes: Bullish Engulfing Box: Green, with a transparent background. Bearish Engulfing Box: Red, with a transparent background. The box will adjust its color to gray if the price moves past certain thresholds, indicating that the engulfing pattern may no longer be as relevant. Max Pattern Tracking: The script limits the number of engulfing boxes tracked on the chart to prevent clutter. The maximum number of bullish and bearish engulfing patterns shown is customizable (set to 500 by default), and once this limit is exceeded, older boxes are deleted to maintain a clean chart. Pattern Expiry: Boxes are deleted if price action moves beyond the pattern’s range, ensuring that outdated signals are removed. If the low price falls below the bottom of the bullish engulfing box, or the high price rises above the top of the bearish engulfing box, the respective box is removed. Additionally, if the low price moves below the top of the bullish box or the high price exceeds the bottom of the bearish box, the box's color is changed to a more neutral tone. How it Works: Pattern Detection: The script compares the current price data with the previous candlestick to detect the bullish or bearish engulfing patterns. Box Creation: If a pattern is detected, a colored box is drawn around the candle to visually highlight the pattern. Pattern Expiry and Cleanup: The script continuously monitors past boxes. If the price moves too far from the box’s range, the box is either deleted or altered to reflect the reduced significance of the pattern. B ox Count Limit: To avoid clutter, the script ensures that no more than 500 bullish or bearish engulfing boxes are shown at any time. Customization: The number of previous bars to scan for engulfing patterns can be adjusted (maxBarsback). The maximum number of patterns displayed at any time can be modified.
Pine Script™ indicator
by daisukeburn