Get started

Chart patterns

[SHORT ONLY] Consecutive Close>High[1] Mean Reversion Strategy█ STRATEGY DESCRIPTION The "Consecutive Close > High " Mean Reversion Strategy is a contrarian daily trading system for stocks and ETFs. It identifies potential shorting opportunities by counting consecutive days where the closing price exceeds the previous day's high. When this consecutive day count reaches a predetermined threshold, and if the close is below a 200-period EMA (if enabled), a short entry is triggered, anticipating a corrective pullback. █ HOW ARE THE CONSECUTIVE BULLISH COUNTS CALCULATED? The strategy uses a counter variable called `bullCount` to track how many consecutive bars meet a bullish condition. Here’s a breakdown of the process: Initialize the Counter var int bullCount = 0 Bullish Bar Detection Every time the close exceeds the previous bar's high, increment the counter: if close > high bullCount += 1 Reset on Bearish Bar When there is a clear bearish reversal, the counter is reset to zero: if close < low bullCount := 0 █ SIGNAL GENERATION 1. SHORT ENTRY A Short Signal is triggered when: The count of consecutive bullish closes (where close > high ) reaches or exceeds the defined threshold (default: 3). The signal occurs within the specified trading window (between Start Time and End Time). 2. EXIT CONDITION An exit Signal is generated when the current close falls below the previous bar’s low (close < low ), prompting the strategy to exit the position. █ ADDITIONAL SETTINGS Threshold: The number of consecutive bullish closes required to trigger a short entry (default is 3). Start Time and End Time: The time window during which the strategy is allowed to execute trades. EMA Filter (Optional): When enabled, short entries are only triggered if the current close is below the 200-period EMA. █ PERFORMANCE OVERVIEW This strategy is designed for Stocks and ETFs on the Daily timeframe and targets overextended bullish moves. It aims to capture mean reversion by entering short after a series of consecutive bullish closes. Further optimization is possible with additional filters (e.g., EMA, volume, or volatility). Backtesting should be used to fine-tune the threshold and filter settings for specific market conditions.
Pine Script™ strategy
by Botnet101
SPY vs TQQQ Candle Divergence# SPY vs TQQQ Candle Divergence Indicator ## Description This indicator monitors and visualizes candlestick divergences between SPY (S&P 500 ETF) and TQQQ (ProShares UltraPro QQQ ETF). It identifies situations where one security is showing bullish movement (green candle) while the other is showing bearish movement (red candle) within the same time period. ## Features - Real-time divergence detection between SPY and TQQQ - Visual markers with distinct colors for each type of divergence - Built-in alert conditions for automated monitoring - Works on any timeframe - Overlay indicator that plots directly on the chart ## Divergence Types ### SPY Bullish / TQQQ Bearish - Condition: SPY forms a green candle while TQQQ forms a red candle - Marker: Green label with "SPY" text above the bar - Alert Message: "SPY is green while TQQQ is red" ### SPY Bearish / TQQQ Bullish - Condition: SPY forms a red candle while TQQQ forms a green candle - Marker: Red label with "SPY" text below the bar - Alert Message: "TQQQ is green while SPY is red" ### TQQQ Bullish / SPY Bearish - Visualization: Blue label with "TQQQ" text above the bar - Indicates TQQQ strength relative to SPY ### TQQQ Bearish / SPY Bullish - Visualization: Purple label with "TQQQ" text below the bar - Indicates TQQQ weakness relative to SPY ## Technical Implementation - Built on Pine Script version 5 - Uses `request.security()` to fetch data for both symbols - Implements simple candle color detection (1 for green, -1 for red, 0 for doji) - Plots markers using `plotshape()` with different colors and positions ## Visual Elements - Label Colors: - SPY Bullish: Green - SPY Bearish: Red - TQQQ Bullish: Blue - TQQQ Bearish: Purple - All labels use white text for visibility - Small label size for clean chart appearance - Labels positioned above/below bars for clear identification ## Alert System Two built-in alert conditions: 1. "SPY Green TQQQ Red Divergence" 2. "TQQQ Green SPY Red Divergence" ## Usage 1. Add the indicator to any chart (preferably SPY or TQQQ) 2. Look for colored labels indicating divergences 3. Set up alerts for automated monitoring 4. Use divergences as potential signals for: - Market sector rotation - Relative strength analysis - Trading opportunities - Risk management ## Notes - Best used in conjunction with other technical indicators - Consider overall market conditions when interpreting signals - Useful for identifying potential market reversals or continuations - Can help in timing entries and exits ## Limitations - Requires data feed for both SPY and TQQQ - Only considers candle color, not candle size or volume - May generate frequent signals in choppy markets ## Disclaimer This indicator is for informational purposes only. Always use proper risk management and consider multiple factors when making trading decisions.
Pine Script™ indicator
by IndicatorCraft
Stick Sandwich Pattern# Stick Sandwich Pattern Indicator ## Description The Stick Sandwich Pattern Indicator is a custom TradingView script that identifies specific three-candle patterns in financial markets. The indicator uses a sandwich emoji (🥪) to mark pattern occurrences directly on the chart, making it visually intuitive and easy to spot potential trading opportunities. ## Pattern Types ### Bullish Stick Sandwich A bullish stick sandwich pattern is identified when: - First candle: Bullish (close > open) - Second candle: Bearish (close < open) - Third candle: Bullish (close > open) - The closing price of the third candle is within 10% of the first candle's range from its closing price ### Bearish Stick Sandwich A bearish stick sandwich pattern is identified when: - First candle: Bearish (close < open) - Second candle: Bullish (close > open) - Third candle: Bearish (close < open) - The closing price of the third candle is within 10% of the first candle's range from its closing price ## Technical Implementation - Written in Pine Script v5 - Runs as an overlay indicator - Uses a 10% tolerance range for closing price comparison - Implements rolling pattern detection over the last 3 candles - Break statement ensures only the most recent pattern is marked ## Visual Features - Bullish patterns: Green sandwich emoji above the pattern - Bearish patterns: Red sandwich emoji below the pattern - Label size: Small - Label styles: - Bullish: Label points upward - Bearish: Label points downward ## Usage 1. Add the indicator to your TradingView chart 2. Look for sandwich emojis that appear above or below price bars 3. Green emojis indicate potential bullish reversals 4. Red emojis indicate potential bearish reversals ## Code Structure - Main indicator function with overlay setting - Two separate functions for pattern detection: - `bullishStickSandwich()` - `bearishStickSandwich()` - Pattern scanning loop that checks the last 3 candles - Built-in label plotting for visual identification ## Formula Details The closing price comparison uses the following tolerance calculation: ``` Tolerance = (High - Low of first candle) * 0.1 Valid if: |Close of third candle - Close of first candle| <= Tolerance ``` ## Notes - The indicator marks patterns in real-time as they form - Only the most recent pattern within the last 3 candles is marked - Pattern validation includes both candle direction and closing price proximity - The 10% tolerance helps filter out weak patterns while catching meaningful ones ## Disclaimer This indicator is for informational purposes only. Always use proper risk management and consider multiple factors when making trading decisions.
Pine Script™ indicator
by IndicatorCraft
[SHORT ONLY] Internal Bar Strength (IBS) Mean Reversion Strategy█ STRATEGY DESCRIPTION The "Internal Bar Strength (IBS) Strategy" is a mean-reversion strategy designed to identify trading opportunities based on the closing price's position within the daily price range. It enters a short position when the IBS indicates overbought conditions and exits when the IBS reaches oversold levels. This strategy is Short-Only and was designed to be used on the Daily timeframe for Stocks and ETFs. █ WHAT IS INTERNAL BAR STRENGTH (IBS)? Internal Bar Strength (IBS) measures where the closing price falls within the high-low range of a bar. It is calculated as: IBS = (Close - Low) / (High - Low) - Low IBS (≤ 0.2) : Indicates the close is near the bar's low, suggesting oversold conditions. - High IBS (≥ 0.8) : Indicates the close is near the bar's high, suggesting overbought conditions. █ SIGNAL GENERATION 1. SHORT ENTRY A Short Signal is triggered when: The IBS value rises to or above the Upper Threshold (default: 0.9). The Closing price is greater than the previous bars High (close>high ). The signal occurs within the specified time window (between `Start Time` and `End Time`). 2. EXIT CONDITION An exit Signal is generated when the IBS value drops to or below the Lower Threshold (default: 0.3). This prompts the strategy to exit the position. █ ADDITIONAL SETTINGS Upper Threshold: The IBS level at which the strategy enters trades. Default is 0.9. Lower Threshold: The IBS level at which the strategy exits short positions. Default is 0.3. Start Time and End Time: The time window during which the strategy is allowed to execute trades. █ PERFORMANCE OVERVIEW This strategy is designed for Stocks and ETFs markets and performs best when prices frequently revert to the mean. The strategy can be optimized further using additional conditions such as using volume or volatility filters. It is sensitive to extreme IBS values, which help identify potential reversals. Backtesting results should be analyzed to optimize the Upper/Lower Thresholds for specific instruments and market conditions.
Pine Script™ strategy
by Botnet101
Daily Bias IndicatorThe Daily Bias Indicator is a TradingView script designed to help traders identify bullish and bearish biases based on price action from the last two daily candles. It highlights market sentiment by checking whether price breaks key levels and reacts accordingly. How It Works: Bullish Bias: The price breaks above the previous high and closes above it. The price breaks below the previous low but fails to close lower. Bearish Bias: The price breaks below the previous low and closes below it. The price breaks above the previous high but fails to close higher. Labels appear red at the bottom for bearish bias on the next day and green for bullish bias on the next day.
Pine Script™ indicator
by PascalTrades
2xSPYTIPS Strategy by Fra public versionThis is a test strategy with S&P500, open source so everyone can suggest everything, I'm open to any advice. Rules of the "2xSPYTIPS" Strategy : This trading strategy is designed to operate on the S&P 500 index and the TIPS ETF. Here’s how it works: 1. Buy Conditions ("BUY"): - The S&P 500 must be above its **200-day simple moving average (SMA 200)**. - This condition is checked at the **end of each month**. 2. Position Management: - If leverage is enabled (**2x leverage**), the purchase quantity is increased based on a configurable percentage. 3. Take Profit: - A **Take Profit** is set at a fixed percentage above the entry price. 4. Visualization & Alerts: - The **SMA 200** for both S&P 500 and TIPS is plotted on the chart. - A **BUY signal** appears visually and an alert is triggered. What This Strategy Does NOT Do - It does not use a **Stop Loss** or **Trailing Stop**. - It does not directly manage position exits except through Take Profit.
Pine Script™ strategy
by Francesco_TaCat
Multi-Timeframe Trend StatusThis Multi-Timeframe Trend Status indicator tracks market trends across four timeframes ( by default, 65-minute, 240-minute, daily, and monthly). It uses a Volatility Stop based on the Average True Range (ATR) to determine the trend direction. The ATR is multiplied by a user-adjustable multiplier to create a dynamic buffer zone that filters out market noise. The indicator tracks the volatility stop and trend direction for each timeframe. In an uptrend, the stop trails below the price, adjusting upward, and signals a downtrend if the price falls below it. In a downtrend, the stop trails above the price, moving down with the market, and signals an uptrend if the price rises above it. Two input parameters allow for customization: ATR Length: Defines the period for ATR calculation. ATR Multiplier: Adjusts the sensitivity of trend changes. This setup lets traders align short-term decisions with long-term market context and spot potential trading opportunities or reversals.
Pine Script™ indicator
by ikendler
MT-Trend Zone IdentifierTrend Zone Identifier – A Dynamic Market Trend Mapping Tool Overview The Trend Zone Identifier is an advanced TradingView indicator that helps traders visualize different market trend phases. By leveraging Pivot Points, Moving Averages (MA), ADX (Average Directional Index), and Retest Confirmation, this tool identifies uptrend, downtrend, and ranging (sideways) conditions dynamically. This indicator is designed to segment the market into clear trend zones, allowing traders to distinguish between confirmed trends, trend transitions (pending zones), and ranging markets. It provides an intuitive visual overlay to enhance market structure analysis and assist in decision-making. Key Features ✔ Trend Zone Identification – Classifies price action into Uptrend (Green), Downtrend (Red), Pending Confirmation (Light Colors), and Sideways Market (Gray/Neutral) ✔ Pivot-Based Breakout & Breakdown Detection – Uses pivot highs/lows to determine trend shifts ✔ Moving Average & ADX Validation – Ensures the trend is backed by MA structure and ADX trend strength ✔ Pullback Confirmation – Allows trend confirmation based on price retesting key levels ✔ Extreme Volatility & Gaps Filtering – Optional ATR-based extreme movement filtering to avoid false signals ✔ Multi-Timeframe Support – Option to integrate higher timeframe trend validation ✔ Customizable Sensitivity – Fine-tune MA smoothing, ADX thresholds, pivot detection, and pullback range How It Works 1. Trend Classification • Uptrend (Green): Price is above a key MA, ADX confirms strength, and a pivot breakout occurs • Downtrend (Red): Price is below a key MA, ADX confirms strength, and a pivot breakdown occurs • Pending Trend (Light Colors): Initial trend breakout or breakdown is detected but requires further confirmation • Sideways/Ranging (Gray): ADX signals a weak trend, and price remains within a neutral zone 2. Retest & Confirmation Logic • A trend is only confirmed after a breakout or breakdown followed by a successful retest • If the market fails the retest, the indicator resets to a neutral state 3. Custom Filters for Optimization • Enable or disable volume filtering for confirmation • Adjust pivot sensitivity to detect major or minor swing points • Choose to require consecutive bars confirming the breakout/breakdown Ideal Use Cases 🔹 Swing traders who want to capture trend transitions early 🔹 Trend-following traders who rely on confirmed market cycles 🔹 Range traders looking to identify sideways market zones 🔹 Algorithmic traders who need clean trend segmentation for automated strategies Final Thoughts The Trend Zone Identifier is a versatile market structure indicator that helps traders define trend cycles visually and avoid trading against weak trends. By providing clear breakout, breakdown, and retest conditions, it enhances market clarity and reduces decision-making errors. ➡ Add this to your TradingView workspace and start analyzing market trends like a pro! 🚀
Pine Script™ indicator
by youys
Exhaustion Analysis - Bullish and Bearish Exhaustion Points Single Timeframe Exhaustion Analysis is an advanced Pine Script trading tool meticulously designed to provide traders with granular insights into market exhaustion and potential reversals by leveraging data from a single lower timeframe. This script utilizes the request.security_lower_tf() function to pull high, low, close, and volume data from a user-specified lower timeframe, ensuring that the analysis is rooted in detailed, intraday price action rather than broader, less responsive data points. At the heart of this indicator is a multi-faceted approach to market analysis, employing several key metrics that evaluate market efficiency, directional volume imbalances, and volume-to-price relationships. The script calculates price efficiency as the relative movement of price compared to traded volume, offering a measure of how efficiently the market is absorbing buy and sell orders. Directional imbalance is assessed by examining the dominance between buy-side and sell-side volumes, while volume-to-price ratios provide insight into the intensity of trading activity relative to price fluctuations. Each of these metrics is computed across the entire range of lower timeframe data, generating individual values that are then aggregated and normalized.This normalization process ensures that no single metric dominates the analysis, instead creating a balanced composite view of market conditions. The script’s normalization method scales these metrics into proportional ratios, allowing for consistent comparison across varying market states and ensuring adaptability in dynamic trading environments. To enhance its detection capabilities, the indicator incorporates a multi-layered composite scoring system. Three distinct composite scores are derived, each placing different emphasis on various market metrics, ranging from price efficiency and directional imbalance to volume dynamics and rate-of-change acceleration.These composite scores are then combined into a final composite score, which serves as the foundation for the script’s exhaustion and reversal detection logic.The script identifies exhaustion by comparing the final composite score against a historical percentile-based threshold, dynamically calculated over an extensive lookback period. When market conditions reflect extreme exhaustion—either due to rapid price movements, volume surges, or directional imbalances—the script flags potential reversal zones.These exhaustion flags are visually represented as histogram plots, providing clear, real-time indicators of emerging market fatigue. In addition to exhaustion detection, the indicator assesses potential directional reversals by integrating volatility-based range calculations.Utilizing a rolling average of price ranges, the script detects instances where the market breaks beyond typical price boundaries, signaling possible trend reversals. Buy signals are generated when the price breaks above the previous high plus an adaptive range during periods of exhaustion, while sell signals occur when the price drops below the previous low minus the adaptive range under similar exhausted conditions. To enhance usability, the script visually presents its analysis through multiple plots, including histogram representations of exhaustion flags, upward and downward reversal indicators, and the continuously updating final composite score. Labels are dynamically added to the chart, marking buy and sell opportunities, ensuring that traders have clear, actionable insights at their fingertips.This script stands out for its meticulous use of lower timeframe data, comprehensive market metrics, and dynamic exhaustion detection, making it a valuable tool for traders looking to identify high-probability reversal points with precision and confidence.
Pine Script™ indicator
by Cmo22
2
ICT First Presented FVG - NY Open [LuckyAlgo] This indicator identifies the first Fair Value Gap (FVG) that occurs during the New York trading session, combined with NY session opening price levels. It's an essential tool for traders who follow ICT concepts and focus on the NY trading session. ICT refers to this as the First Presented FVG, while other traders may call it the 9:30 FVG. This indicator is best for the 1 minute timeframe, while 5 minute also works. Detects and marks the first FVG of the NY session Displays both bullish (green) and bearish (red) FVGs with customizable transparency Shows the NY session opening price with clear labels Includes optional vertical line at 9:30 AM NY open Maintains clean chart visibility with adjustable maximum display days Includes session date and time labels for easy reference The indicator helps traders identify potential reversal zones and continuation opportunities by combining two powerful concepts: Fair Value Gaps and NY session opening price. This makes it particularly valuable for day traders and swing traders who want to capitalize on institutional order flow patterns during the most liquid trading session. You can customize the indicator's appearance, including FVG box colors, time range display, and whether to show the NY open markers. This flexibility allows you to integrate it seamlessly with your existing trading setup.
Pine Script™ indicator
by LuckyAlgo
1
Dynamic Momentum Shift Detector [Invesmate]Dynamic Momentum Shift Detector Overview The Dynamic Momentum Shift Detector is an advanced trend-following and momentum-based indicator designed to help traders identify high-probability trading opportunities. It combines RSI-based momentum detection, Supertrend confirmation, and EMA sentiment tracking to provide reliable buy and sell signals. This indicator is useful for traders who rely on price action and momentum shifts to make informed trading decisions. The goal is to capture early trend reversals while filtering false signals using multiple confirmations. Key Features & Unique Aspects RSI (2-Period) for Momentum Detection Uses an extremely short 2-period RSI to detect overbought (75) and oversold (25) conditions. Buy Signal: RSI crosses above 25 and price is above the Supertrend line. Sell Signal: RSI crosses below 75 and price is below the Supertrend line. Supertrend for Trend Confirmation A Supertrend (ATR 20, Factor 2) is used to validate the overall market trend. Prevents false breakouts by ensuring buy signals occur above the Supertrend line and sell signals occur below it. 21-EMA Sentiment Filter A 21-period Exponential Moving Average (EMA) acts as a market sentiment indicator. Background color changes for quick visual cues: Green Fill: Price is above EMA (bullish sentiment). Red Fill: Price is below EMA (bearish sentiment). Refined Buy/Sell Confirmation Criteria To eliminate weak signals, additional price action conditions are applied: Buy Confirmation: Higher high, bullish close, and strong candle body (>40% of range). Sell Confirmation: Lower low, bearish close, and strong candle body (>40% of range). Persistent Buy/Sell Levels Displays persistent buy and sell levels (green/red dots) on the chart. These remain active until invalidated by price action. Bull & Bear Momentum (RSI-8 for Strong Reversals) Bull M (Green Triangle): RSI (8) crosses above 72 with a strong bullish candle (>60% body). Bear M (Red Triangle): RSI (8) crosses below 27 with a strong bearish candle (>60% body). How to Use the Indicator Buy Setup: ✅ Look for a green "Bull R" signal when: RSI crosses above 25. Price is above Supertrend & EMA 21. Additional confirmation from bullish candle structure. Sell Setup: ✅ Look for a red "Bear R" signal when: RSI crosses below 75. Price is below Supertrend & EMA 21. Additional confirmation from bearish candle structure. Observation Signals: ⚠️ "Obs Buy" (Orange Label) → Possible buy setup, but missing confirmation. ⚠️ "Obs Sell" (Orange Label) → Possible sell setup, but missing confirmation. Momentum Reversal Markers (Strong Buy/Sell Signals) 🔺 "Bull M" (Green Triangle) → Strong bullish momentum shift detected. 🔻 "Bear M" (Red Triangle) → Strong bearish momentum shift detected. Why This Indicator is Unique & Valuable ✔ Combines multiple indicators (RSI, Supertrend, EMA) with a structured approach. ✔ Avoids false signals by requiring confirmation from price action. ✔ Provides persistent support/resistance levels to track active trades. ✔ Visually clean and easy to use with minimal chart clutter. This indicator is suitable for swing traders, intraday traders, and positional traders who want high-probability setups with clear trend direction.
Pine Script™ indicator
by Invesmate_Research_Team
Inside BarsInside Bars Indicator Description: This indicator identifies and highlights price action patterns where a bar's high and low are completely contained within the previous bar's range. Inside bars are significant technical patterns that often signal a period of price consolidation or uncertainty, potentially leading to a breakout in either direction. Trading Literature & Theory: Inside bars are well-documented in technical analysis literature: - Steve Nison discusses them in "Japanese Candlestick Charting Techniques" as a form of harami pattern, indicating potential trend reversals - Thomas Bulkowski's "Encyclopedia of Chart Patterns" categorizes inside bars as a consolidation pattern with statistical significance for breakout trading - Alexander Elder references them in "Trading for a Living" as indicators of decreasing volatility and potential energy build-up - John Murphy's "Technical Analysis of the Financial Markets" includes inside bars as part of price action analysis for market psychology understanding The pattern is particularly significant because it represents: 1. Volatility Contraction: A narrowing of price range indicating potential energy build-up 2. Institutional Activity: Often shows large players absorbing or distributing positions 3. Decision Point: Market participants evaluating the previous bar's significance Trading Applications: 1. Breakout Trading - Watch for breaks above the parent bar's high (bullish signal) - Monitor breaks below the parent bar's low (bearish signal) - Multiple consecutive inside bars can indicate stronger breakout potential 2. Market Psychology - Inside bars represent a period of equilibrium between buyers and sellers - Shows market uncertainty and potential energy building up - Often precedes significant price movements Best Market Conditions: - Trending markets approaching potential reversal points - After strong momentum moves where the market needs to digest gains - Near key support/resistance levels - During pre-breakout consolidation phases Complementary Indicators: - Volume indicators to confirm breakout strength - Trend indicators (Moving Averages, ADX) for context - Momentum indicators (RSI, MACD) for additional confirmation Risk Management: - Use parent bar's range for stop loss placement - Wait for breakout confirmation before entry - Consider time-based exits if breakout doesn't occur - More reliable on higher timeframes Note: The indicator works best when combined with proper risk management and overall market context analysis. Avoid trading every inside bar pattern and always confirm with volume and other technical indicators.
Pine Script™ indicator
by kruskakli
Responsive Moving Average with Trend Detection - MissouriTimThis indicator calculates a responsive moving average (RMA) that dynamically adjusts its sensitivity based on market volatility. This indicator is more responsive that SMAs, EMAs, WMAs, and HMAs. Here's how it functions: Dynamic Length Adjustment: Utilizes the Average True Range (ATR) to adjust the length of the moving average. In times of increased volatility, the length decreases to make the average more responsive to price changes, and in quieter markets, it increases to reduce noise. Responsive and Smoothed Moving Averages: Responsive EMA: An initial Exponential Moving Average (EMA) is calculated with a dynamically adjusted length for responsiveness. Smoothing: A secondary layer of smoothing is applied to this responsive EMA to further smooth out price fluctuations. Trend Detection: Detects trends by comparing the current smoothed EMA with its previous values: Uptrend is identified when the current smoothed EMA is higher than the last two periods. Downtrend is recognized when the current smoothed EMA is lower than the last two periods. Consolidation occurs when neither an uptrend nor a downtrend is present. Visual Representation: The moving average line changes color: Green for an uptrend. Red for a downtrend. Orange for consolidation. Significant Trend Labels: Labels are displayed when there's a significant change in the moving average: Uptrend Labels appear when the EMA increases by more than the user-defined "Uptrend Label on % Change" threshold, placed at the high of the bar with green background. Downtrend Labels are shown when the EMA decreases by more than the "Downtrend Label on % Change" threshold, positioned at the low of the bar with a red background. Users can enable or disable these labels, and the thresholds for labeling uptrends and downtrends can be adjusted separately to match market conditions or user preferences. This indicator is tailored for traders needing a moving average that adapts to market dynamics while providing clear visual feedback on significant trend changes via color-coded lines and labels.
Pine Script™ indicator
by MissouriTim
3
Flux Charts - S&D Automation💎 GENERAL OVERVIEW The MTF Supply & Demand Zones (S&D) Automation is a powerful and versatile tool designed to help traders rigorously test their trading strategies against historical market data. With various advanced settings, traders can fine-tune their strategies, assess performance, and identify key improvements before deploying in live trading environments. This tool offers a wide range of configurable settings, explained within this write-up. Features of the new S&D Automation: Step By Step : Configure your strategy step by step, which will allow you to have OR & AND logic in your strategies. Highly Configurable : Offers multiple parameters for fine-tuning trade entry and exit conditions. Multi-Timeframe Analysis : Allows traders to analyze multiple timeframes simultaneously for enhanced accuracy. Provides advanced stop-loss, take-profit, and break-even settings. Incorporates Supply & Demand Zone conditions, with settings like Sensitivity, Zone Invalidation, Minimum Zone Width & Minimum Zone Length settings for refined strategy execution. 🚩 UNIQUENESS The S&D Automation stands out from conventional backtesting tools due to its unparalleled flexibility, precision, and advanced trading logic integration. Key factors that make it unique include: ✅ Comprehensive Strategy Customization – Unlike traditional backtesters that offer basic entry and exit conditions, S&D Automation provides a highly detailed parameter set, allowing traders to fine-tune their strategies with precision. ✅ Multi-Timeframe Supply & Demand Zones – This is the first-ever tool that allows traders to backtest Supply & Demand zones on multiple timeframes. ✅ Customizable Take-Profit Conditions – Offers various methods to set take-profit exits, including using core features from Supply & Demand Zones, and fixed exits like ATR, % change or price change, enabling traders to tailor their exit strategies to specific market behaviors. ✅ Customizable Stop-Loss Conditions – Provides several ways to set up stop losses, including using concepts from Supply & Demand Zones and trailing stops or fixed exits like ATR, % change or price change, allowing for dynamic risk management tailored to individual strategies. ✅ Integration of External Indicators – Allows the inclusion of other indicators or data sources from TradingView for creating strategy conditions, enabling traders to enhance their strategies with additional insights and data points. By integrating these advanced features, S&D Automation ensures that traders can rigorously test and optimize their strategies with great accuracy and efficiency. 📌 HOW DOES IT WORK ? The first setting you will want to set it the pyramiding setting. This setting controls the number of simultaneous trades in the same direction allowed in the strategy. For example, if you set it to 1, only one trade can be active in any time, and the second trade will not be entered unless the first one is exited. If it is set to 2, the script will handle both of them at the same time. Note that you should enter the same value to this pyramiding setting, and the pyramiding setting in the "Properties" tab of the script for this to work. You can enable and set a backtesting window that will limit the entries to between the start date & end date. Then, you can enter your desired settings for Supply & Demand Zones. You can also enable and set up to 3 timeframes, which you can use later on when customizing your strategies enter / exit conditions. Entry Conditions From the "Long Conditions" or the "Short Conditions" groups, you can set your position entry conditions. For settings like "initial capital" or "order size", you can open the "Properties" tab, where these are handled. The S&D Automation can use the following conditions for entry conditions : 1. Demand Zone Detection: Triggered when a Demand Zone forms or is detected Retest: Triggered when price retests a Demand Zone. A retest is confirmed when a candle enters a Demand Zone and closes outside of it. 2nd Retest: Triggered when price retests a Demand Zone for the second time. A retest is confirmed when a candle enters a Demand Zone and closes outside of it. 3rd Retest: Triggered when price retests a Demand Zone for the third time. A retest is confirmed when a candle enters a Demand Zone and closes outside of it. Retracement: Triggered when price touches a Demand Zone Break: Triggered when a Demand Zone is invalidated by candle close or wick, depending on the user's input. 2. Supply Zone Detection: Triggered when a Supply Zone forms or is detected Retest: Triggered when price retests a Supply Zone. A retest is confirmed when a candle enters a Supply Zone and closes outside of it. 2nd Retest: Triggered when price retests a Supply Zone for the second time. A retest is confirmed when a candle enters a Supply Zone and closes outside of it. 3rd Retest: Triggered when price retests a Supply Zone for the third time. A retest is confirmed when a candle enters a Supply Zone and closes outside of it. Retracement: Triggered when price touches a Supply Zone Break: Triggered when a Supply Zone is invalidated by candle close or wick, depending on the user's input. 3. Any Zone Detection: Triggered when any Supply or Demand Zone forms or is detected Retest: Triggered when price retests any Supply or Demand Zone. A retest is confirmed when a candle enters any Supply or Demand Zone and closes outside of it. 2nd Retest: Triggered when price retests any Supply or Demand Zone for the second time. A retest is confirmed when a candle enters any Supply or Demand Zone and closes outside of it. 3rd Retest: Triggered when price retests any Supply or Demand Zone for the third time. A retest is confirmed when a candle enters any Supply or Demand Zone and closes outside of it. Retracement: Triggered when price touches any Supply or Demand Zone Break: Triggered when any Supply or Demand Zone is invalidated by candle close or wick, depending on the user's input. 🕒 TIMEFRAME CONDITIONS The S&D Automation supports Multi-Timeframe (MTF) features, just like the Supply & Demand indicator. When setting an entry condition, you can also choose the timeframe. To set up MTF conditions, navigate to the 'Timeframes' section in the settings, select your desired timeframes, and enable them. You can choose up to three timeframes. Once you've selected your timeframes, you can use them in your strategy. When setting long and short entry/exit conditions, you can choose from Timeframe 1, Timeframe 2, or Timeframe 3. External Conditions Users can use external indicators on the chart to set entry conditions. The second dropdown in the external condition settings allows you to choose a conditional operator to compare external outputs. Available options include: Less Than or Equal To: <= Less Than: < Equal To: = Greater Than: > Greater Than or Equal To: >= The position entry conditions work like this ; Each side has 5 S&D Zone conditions and 1 Source condition. Each condition can be enabled or disabled using the checkbox on the left side of them. The next selection is the alert type, which you can select between "Detection", "Retest", "Retracement" or "Break". You can select which timeframe this condition should work on from Timeframe 1, 2, or 3. If you select "Any Timeframe", the condition will work for all timeframes. Lastly select the step of this condition from 1 to 6. The Source Condition The last condition on each side is a source condition that is different from the others. Using this condition, you can create your own logic using other indicators' outputs on your chart. For example, suppose that you have an EMA indicator in your chart. You can have the source condition to something like "EMA > high". The Step System Each condition has a step number, and conditions are in topological order based on them. The conditions are executed step by step. This means the condition with step 2 cannot be executed before the condition with step 1 is executed. Conditions with the same step numbers have "OR" logic. This means that if you have 2 conditions with step 3, the condition with step 4 can trigger after only one of the step 3 conditions is executed. ➕ OTHER ENTRY FEATURES The S&D Automation allows traders to choose when to execute trades and when not to execute trades. 1. Only Take Trades This setting lets users specify the time period when their strategy can open or execute trades. 2. Don't Take Trades This setting lets users specify time periods when their strategy can't open or execute trades. ↩️ EXIT CONDITIONS 1. Exit on Opposite Signal When enabled, a long position will close when short entry conditions are met, and a short position will close when long entry conditions are met. 2. Exit on Session End When enabled, positions will be closed at the end of the trading session. 📈 TAKE PROFIT CONDITIONS There are several methods available for setting take profit exits and conditions. 1. Entry Condition TP Users can use entry conditions as triggers for take-profit exits. This setting can be found under the long and short exit conditions. 2. Fixed TP Users can set a fixed TP for exits. This setting can be found under the long and short exit conditions. Users can choose between the following: Price: This method triggers a TP exit when price reaches a specified level. For example, if you set the Price TP to 10 and buy NASDAQ:TSLA at $190, the trade will automatically exit when the price reaches $200 ($190 + $10). Ticks: This method triggers a TP exit when price moves a specified number of ticks. Percentage (%): This method triggers a TP exit when price moves a specified percentage. ATR: This method triggers a TP exit based on a specified multiple of the Average True Range (ATR). 📉 STOP LOSS CONDITIONS There are several methods available for setting stop-loss exits and conditions. 1. Entry Condition SL Users can use entry conditions as triggers for stop-loss exits. This setting can be found under the long and short exit conditions. 2. Fixed SL Users can set a fixed SL for exits. This setting can be found under the long and short exit conditions. Users can choose between the following: Price: This method triggers a SL exit when price reaches a specified level. For example, if you set the Price SL to 10 and buy NASDAQ:TSLA at $200, the trade will automatically exit when the price reaches $190 ($200 - $10). Ticks: This method triggers a SL exit when price moves a specified number of ticks. Percentage (%): This method triggers a SL exit when price moves a specified percentage. ATR: This method triggers a SL exit based on a specified multiple of the Average True Range (ATR). 3. Trailing Stop An explanation & example for the trailing stop feature is present on the write-up within the next section. Exit conditions have the same logic of constructing conditions like the entry ones. You can construct a Take-Profit Condition & a Stop-Loss Condition. Note that the Take-Profit condition will only work if the position is in profit, regardless of if it's triggered or not. The same applies for the Stop-Loss condition, meaning that it will only work if the position is in loss. You can also set a Fixed TP & Fixed SL based on the price movement after the position is entered. You have options like "Price", "Ticks", "%", or "Average True Range". For example, you can set a Fixed TP like "5%", and the position will be entered once it moves 5% up in a long position. Trailing Stop For the Fixed SL, you also have a "Trailing" stop option, for which you can set its activation level as well. The Trailing stop activation level and its value are expressed in ticks. Check this scenario for an example : We have a ticker with a tick value of $1. Our Trailing Stop is set to 10 ticks, and the activation level is set to 30 ticks. We buy 1 contract when the price is $100. When the price becomes $110, we are in $10 (10 ticks) profit and the trailing stop is now activated. The current price our stop's on is $110 - $30 (30 ticks), which is the level of $80. The trailing stop will only move if the price moves up the highest high the price has been after we entered the position. Let's suppose that price moves up $40 right after our trailing stop is activated. The price will now be $150, and our trailing stop will sit on $150 - $30 (30 ticks) = $120. If the price is down the $120 level, our stop loss will be triggered. There is also a "Hard SL" option designed for a backup stop-loss when trailing stops are enabled. You can enable & set this option and if the price goes down before our trailing stop even activates, the position will be exited. You can also move stop-loss to the break-even (entry price of the position) after a certain profit is achieved using the last setting of the exit conditions. Note that for this to work, you must have a Fixed SL set-up. ➕ OTHER EXIT FEATURES 1. Move Stop Loss to Breakeven This setting allows the strategy to automatically move the SL to Breakeven (BE) when the position is in profit by a certain amount. Users can choose between the following: Price: This method moves the SL to BE when price reaches a specified level. Ticks: This method moves the SL to BE when price moves a specified number of ticks. Percentage (%): This method moves the SL to BE when price moves a specified percentage. ATR: This method moves the SL to BE when price moves a specified multiple of the Average True Range (ATR). Example Entry Scenario To give an example , check this scenario; out conditions are : LONG CONDITIONS Demand Zone Detection, Step 1 Supply Zone Retest, Step 2 Demand Zone Break, Step 2 open > close, Step 3 First, the strategy needs to detect a Demand Zone Detection in order to start working. After it's detected, now it's looking for either a Supply Zone Retest, or a Demand Zone Break to proceed to the next step, the reason for this is that they both have the same step number. After one of them is detected, the strategy will consistently check candlesticks for the condition open > close. If a bullish candlestick occurs, a long position will be entered. ⏰ ALERTS This indicator uses TradingView's strategy alert system. All entries and exits will be sent as an alert if configured. It's possible to further customize these alerts to your liking. For more information check TradingView's strategy alert customization page : www.tradingview.com ⚙️ SETTINGS 1. Backtesting Settings Pyramiding: Controls the number of simultaneous trades allowed in the strategy. This setting must have the same value that is entered on the script's properties tab on the settings pane. Enable Custom Backtesting Period: Restricts backtesting to a specific date range. Start & End Time Configuration: Define precise start and end dates for historical analysis. 2. General Configuration Detection Method: There are two detection methods you can choose from for identifying Supply & Demand Zones. Both methods aim to identify key areas where price is likely to react, but they do so using different approaches. Traders can choose the method that aligns with their trading style and time horizon. Sensitivity: The Sensitivity setting allows traders to adjust how aggressively the script identifies supply and demand zones when using the Momentum Detection Method. This setting directly impacts the threshold for detecting zones when using the momentum detection method. Zone Invalidation: The Zone Invalidation setting determines how supply and demand zones are invalidated. Wick -> A zone is invalidated if a candle’s wick goes below a demand zone or above a supply zone. Close -> A zone is invalidated if a candle closes below a demand zone or above a supply zone. Zone Visibility Range: The Zone Visibility Range setting controls how far from the current price supply and demand zones are displayed on the chart. It helps traders focus on relevant zones while avoiding clutter from distant or less impactful areas. Minimum Zone Width: The Minimum Zone Width setting defines the smallest size a supply or demand zone must have to be displayed on the chart. It uses the Average True Range (ATR) as a reference to ensure zones are proportionate to current market volatility. Minimum Zone Length: The Minimum Zone Length setting determines the minimum number of bars a supply or demand zone must span to be displayed on the chart. This setting helps filter out short-lived or insignificant zones, ensuring only meaningful areas of supply or demand are highlighted. 3. Multi-Timeframe Analysis Enable Up to Three Timeframes: Select and analyze trades across multiple timeframes. 4. Entry Conditions for Long & Short Trades Multiple Conditions (1-6): Configure up to six independent conditions per trade direction. Condition Types: Options include Detection, Retest, 2nd Retest, 3rd Retest, Retracement, and Break. Timeframe Specification: Choose between "Any Timeframe", "Timeframe 1", "Timeframe 2", or "Timeframe 3". Trade Execution Filters: Restrict trades within specific trading sessions. 5. Exit Conditions for Long & Short Trades Exit on Opposite Signal: Automatically exit trades upon opposite trade conditions. Exit on Session End: Closes all positions at the end of the trading session. Multiple Take-Profit (TP) and Stop-Loss (SL) Configurations: TP/SL based on % move, ATR, Ticks, or Fixed Price. Hard SL option for additional risk control. Move SL to BE (Break Even) after a certain profit threshold.
Pine Script™ strategy
by fluxchart
4
Flux Charts - PAT Automation💎 GENERAL OVERVIEW The PAT Automation is a powerful and versatile tool designed to help traders rigorously test their trading strategies against historical market data. With an array of advanced settings, traders can fine-tune their strategies, assess performance, and identify key improvements before deploying in live trading environments. This backtester offers a wide range of configurable settings, explained within this write-up. Features of the PAT Automation: Step By Step : Configure your strategy step by step, which will allow you to have OR & AND logic in your strategies. Highly Configurable : Offers multiple parameters for fine-tuning trade entry and exit conditions. Multi-Timeframe Analysis : Allows traders to analyze multiple timeframes simultaneously for enhanced accuracy. Provides advanced stop-loss, take-profit, and break-even settings. Incorporates volume-based conditions, liquidity grabs , order blocks , market structures and fair value gaps for refined strategy execution. 🚩 UNIQUENESS The PAT Automation stands out from conventional backtesting tools due to its unparalleled flexibility, precision, and advanced trading logic integration. Key factors that make it unique include: ✅ Comprehensive Strategy Customization – Unlike traditional backtesters that offer basic entry and exit conditions, PAT Automation provides a highly detailed parameter set, allowing traders to fine-tune their strategies with precision. ✅ Multi-Timeframe Price Action Features – This is the first-ever tool that allows traders to backtest price action with multi-timeframe features such as Fair Value Gaps (FVGs), Inversion Fair Value Gaps (IFVGs), Order Blocks & Breaker Blocks. ✅ Customizable Take-Profit Conditions – Offers various methods to set take-profit exits, including using core features from price action, and fixed exits like ATR, % change or price change, enabling traders to tailor their exit strategies to specific market behaviors. ✅ Customizable Stop-Loss Conditions – Provides several ways to set up stop losses, including using concepts from price action and trailing stops or fixed exits like ATR, % change or price change, allowing for dynamic risk management tailored to individual strategies. ✅ Integration of External Indicators – Allows the inclusion of other indicators or data sources from TradingView for creating strategy conditions, enabling traders to enhance their strategies with additional insights and data points. By integrating these advanced features, PAT Automation ensures that traders can rigorously test and optimize their strategies with great accuracy and efficiency. 📌 HOW DOES IT WORK? The first setting you will want to set it the pyramiding setting. This setting controls the number of simultaneous trades in the same direction allowed in the strategy. For example, if you set it to 1, only one trade can be active in any time, and the second trade will not be entered unless the first one is exited. If it is set to 2, the script will handle both of them at the same time. Note that you should enter the same value to this pyramiding setting, and the pyramiding setting in the "Properties" tab of the script for this to work. For deep backtesting, you can set "Max Distance To Last Bar" to "Unlimited". If you encounter any memory issues, try decreasing this setting to a lower value. You can enable and set a backtesting window that will limit the entries to between the start date & end date. Then, you can enter your desired settings to Price Action features like FVGs, IFVGs, Order Blocks, Breaker Blocks, Liquidity Grabs, Market Structures, EQH & EQL and Volume Imbalances. You can also enable and set up to 3 timeframes, which you can use later on when customizing your strategies enter / exit conditions. Entry Conditions From the "Long Conditions" or the "Short Conditions" groups, you can set your position entry conditions. For settings like "initial capital" or "order size", you can open the "Properties" tab, where these are handled. The PAT Automation can use the following conditions for entry conditions : 1. Order Block (OB) Detection: Triggered when an Order Block forms or is detected Retest: Triggered when price retests an Order Block. A retest is confirmed when a candle enters an Order Block and closes outside of it. Retracement: Triggered when price touches an Order Block Break: Triggered when an Order Block is invalidated by candle close or wick, depending on the user's input. 2. Breaker Block (BB) Detection: Triggered when a Breaker Block forms or is detected Retest: Triggered when price retests a Breaker Block. A retest is confirmed when a candle enters a Breaker Block and closes outside of it. Retracement: Triggered when price touches a Breaker Block Break: Triggered when a Breaker Block is invalidated by candle close or wick, depending on the user's input. 3. Fair Value Gap (FVG) Detection: Triggered when an FVG forms or is detected Retest: Triggered when price retests an FVG. A retest is confirmed when a candle enters an FVG and closes outside of it. Retracement: Triggered when price touches an FVG Break: Triggered when an FVG is invalidated by candle close or wick, depending on the user's input. 4. Inversion Fair Value Gap (IFVG) Detection: Triggered when an IFVG forms or is detected Retest: Triggered when price retests an IFVG. A retest is confirmed when a candle enters an IFVG and closes outside of it. Retracement: Triggered when price touches an IFVG Break: Triggered when an IFVG is invalidated by candle close or wick, depending on the user's input. 5. Break of Structure (BOS) Detection: Triggered when a BOS forms or is detected 6. Change of Character (CHoCH) Detection: Triggered when a CHoCH forms or is detected 7. Change of Character Plus (CHoCH+) Detection: Triggered when a CHoCH+ forms or is detected 8. Volume Imbalance (VI) Detection: Triggered when a Volume Imbalance forms or is detected 9. Equal High (EQH) Detection: Triggered when an EQH is detected 10. Equal Low (EQL) Detection: Triggered when an EQL is detected 11. Buyside Liquidity Grab Detection: Triggered when a liquidity grab occurs at Buyside Liquidity (BSL). 12. Sellside Liquidity Grab Detection: Triggered when a liquidity grab occurs at Sellside Liquidity (SSL). 🕒 TIMEFRAME CONDITIONS The PAT Automation supports Multi-Timeframe (MTF) features, just like the Price Action Toolkit. When setting an entry condition, you can also choose the timeframe. To set up MTF conditions, navigate to the 'Timeframes' section in the settings, select your desired timeframes, and enable them. You can choose up to three timeframes. Once you've selected your timeframes, you can use them in your strategy. When setting long and short entry / exit conditions, you can choose from Timeframe 1, Timeframe 2, or Timeframe 3. External Conditions Users can use external indicators on the chart to set entry conditions. The second dropdown in the external condition settings allows you to choose a conditional operator to compare external outputs. Available options include: Less Than or Equal To: <= Less Than: < Equal To: = Greater Than: > Greater Than or Equal To: >= The position entry conditions work like this ; Each side has 5 Price Action conditions and 1 Source condition. Each condition can be enabled or disabled using the checkbox on the left side. For Price Action Conditions, you can set a direction: "Any", "Bullish" or "Bearish". Then a Price Action Feature, like "FVG" or "Order Block". The last part of our constructed condition is the alert type, which you can select between "Detection", "Retest", "Retracement" or "Break". Now you should have a constructed condition, which should look like "Bullish Order Block Retest". You can select which timeframe should this condition work on from Timeframe 1, 2 or 3. If you select "Any Timeframe", the condition will work for all timeframes. Lastly select the step of this condition from 1 to 6. The Source Condition The last condition on each side is a source condition that is different from the others. Using this condition, you can create your own logic using other indicators' outputs on your chart. For example, suppose that you have an EMA indicator in your chart. You can have the source condition to something like "EMA > high". The Step System Each condition has a step number, and conditions are in topological order based on them. The conditions are executed step by step. This means the condition with step 2 cannot be executed before the condition with step 1 is executed. Conditions with the same step numbers have "OR" logic. This means that if you have 2 conditions with step 3, the condition with step 4 can trigger after only one of the step 3 conditions is executed. ➕ OTHER ENTRY FEATURES The PAT Automation allows traders to choose when to execute trades and when not to execute trades. 1. Only Take Trades This setting lets users specify the time period when their strategy can open or execute trades. 2. Don't Take Trades This setting lets users specify time periods when their strategy can't open or execute trades. ↩️ EXIT CONDITIONS 1. Exit on Opposite Signal When enabled, a long position will close when short entry conditions are met, and a short position will close when long entry conditions are met. 2. Exit on Session End When enabled, positions will be closed at the end of the trading session. 📈 TAKE PROFIT CONDITIONS There are several methods available for setting take profit exits and conditions. 1. Entry Condition TP Users can use entry conditions as triggers for take-profit exits. This setting can be found under the long and short exit conditions. 2. Fixed TP Users can set a fixed TP for exits. This setting can be found under the long and short exit conditions. Users can choose between the following: Price: This method triggers a TP exit when price reaches a specified level. For example, if you set the Price TP to 10 and buy NASDAQ:TSLA at $190, the trade will automatically exit when the price reaches $200 ($190 + $10). Ticks: This method triggers a TP exit when price moves a specified number of ticks. Percentage (%): This method triggers a TP exit when price moves a specified percentage. ATR: This method triggers a TP exit based on a specified multiple of the Average True Range (ATR). 📉 STOP LOSS CONDITIONS There are several methods available for setting stop-loss exits and conditions. 1. Entry Condition SL Users can use entry conditions as triggers for stop-loss exits. This setting can be found under the long and short exit conditions. 2. Fixed SL Users can set a fixed SL for exits. This setting can be found under the long and short exit conditions. Users can choose between the following: Price: This method triggers a SL exit when price reaches a specified level. For example, if you set the Price SL to 10 and buy NASDAQ:TSLA at $200, the trade will automatically exit when the price reaches $190 ($200 - $10). Ticks: This method triggers a SL exit when price moves a specified number of ticks. Percentage (%): This method triggers a SL exit when price moves a specified percentage. ATR: This method triggers a SL exit based on a specified multiple of the Average True Range (ATR). 3. Trailing Stop An explanation & example for the trailing stop feature is present on the write-up within the next section. Exit conditions have the same logic of constructing conditions like the entry ones. You can construct a Take-Profit Condition & a Stop-Loss Condition. Note that the Take-Profit condition will only work if the position is in profit, regardless of if it's triggered or not. The same applies for the Stop-Loss condition, meaning that it will only work if the position is in loss. You can also set a Fixed TP & Fixed SL based on the price movement after the position is entered. You have options like "Price", "Ticks", "%", or "Average True Range". For example, you can set a Fixed TP like "5%", and the position will be entered once it moves 5% up in a long position. Trailing Stop For the Fixed SL, you also have a "Trailing" stop option, which you can set it's activation level as well. The Trailing stop activation level and it's value are expressed in ticks. Check this scenerio for an example : We have a ticker with a tick value of $1. Our Trailing Stop is set to 10 ticks and activation level is set to 30 ticks. We buy 1 contract when the price is $100. When the price becomes $110, we are in $10 (10 ticks) profit and the trailing stop is now activated. The current price our stop's on is $110 - $30 (30 ticks), which is the level of $80. The trailing stop will only move if the price moves up the highest high the price has been after we entered the position. Let's suppose that price moves up $40 right after our trailing stop is activated. The price will now be $150, and our trailing stop will sit on $150 - $30 (30 ticks) = $120. If the price is down the $120 level, our stop loss will be triggered. There is also a "Hard SL" option designed for a backup stop-loss when trailing stops are enabled. You can enable & set this option and if the price goes down before our trailing stop even activates, the position will be exited. You can also move stop-loss to the break-even (entry price of the position) after a certain profit is achieved using the last setting of the exit conditions. Note that for this to work, you will need to have a Fixed SL set-up. ➕ OTHER EXIT FEATURES 1. Move Stop Loss to Breakeven This setting allows the strategy to automatically move the SL to Breakeven (BE) when the position is in profit by a certain amount. Users can choose between the following: Price: This method moves the SL to BE when price reaches a specified level. Ticks: This method moves the SL to BE when price moves a specified number of ticks. Percentage (%): This method moves the SL to BE when price moves a specified percentage. ATR: This method moves the SL to BE when price moves a specified multiple of the Average True Range (ATR). Example Entry Scenario To give an example , check this scenario; out conditions are : LONG CONDITIONS Bullish Order Block Detection, Step 1 Bullish CHoCH Detection, Step 2 Bullish Volume Imbalance Detection, Step 2 Bullish IFVG Retest, Step 3 First, the strategy needs to detect a Bullish Order Block in order to start working. After it's detected, now it's looking for either a CHoCH, or a Volume Imbalance to proceed to the next step, the reason for this is that they both have the same step number. After one of them is detected, the strategy will consistently check all IFVGs for a retest. If the retest occurs, a long position will be entered. ⏰ ALERTS This indicator uses TradingView's strategy alert system. All entries and exits will be sent as an alert if configured. It's possible to further customize these alerts to your liking. For more information check TradingView's strategy alert customization page: www.tradingview.com ⚙️ SETTINGS 1. Backtesting Settings Pyramiding: Controls the number of simultaneous trades allowed in the strategy. This setting must have the same value that is entered on the script's properties tab on the settings pane. Max Distance to Last Bar: Determines the depth of historical data used to prevent memory overload. Enable Custom Backtesting Period: Restricts backtesting to a specific date range. Start & End Time Configuration: Define precise start and end dates for historical analysis. 2. Fair Value Gaps Settings Zone Invalidation: Select between "Wick" and "Close" invalidation. Filtering: Choose between "Average Range" and "Volume Threshold". FVG Sensitivity: Ranges from Extreme to Low to detect FVGs with varying strictness. Allow Gaps: Enables analysis on tickers that have different open-close price gaps. 3. Inversion Fair Value Gaps Settings Zone Invalidation: Choose between "Wick" and "Close". 4. Order Block Settings Swing Length: Adjusts the minimum number of bars required for OB formation. Zone Invalidation Method: Select between "Wick" and "Close". 5. Breaker Block Settings Zone Invalidation: Set invalidation method as "Wick" or "Close". 6. Liquidity Grabs Settings Pivot Length: Adjusts the number of bars used to detect liquidity grabs. Wick-Body Ratio: Defines the proportion of wick-to-body size for liquidity grab detection. 7. Multi-Timeframe Analysis Enable Up to Three Timeframes: Select and analyze trades across multiple timeframes. 8. Market Structures Swing Length: Defines the number of bars required for structure shifts. Includes BOS, CHoCH, CHoCH+ Detection. 9. Equal Highs & Lows ATR Multiplier: Defines the sensitivity of equal highs/lows detection. 10. Volume Imbalances Gap Size Sensitivity: Ranges from "Ultra" to "Low". Disable Overnight Gaps: Filters out volume imbalances occurring due to overnight gaps. 11. Entry Conditions for Long & Short Trades Multiple Conditions (1-6): Configure up to six independent conditions per trade direction. Condition Types: Options include Detection, Retest, Retracement, and Break. Timeframe Specification: Choose between "Any Timeframe", "Timeframe 1", "Timeframe 2", or "Timeframe 3". Trade Execution Filters: Restrict trades within specific trading sessions. 12. Exit Conditions for Long & Short Trades Exit on Opposite Signal: Automatically exit trades upon opposite trade conditions. Exit on Session End: Closes all positions at the end of the trading session. Multiple Take-Profit (TP) and Stop-Loss (SL) Configurations: TP/SL based on % move, ATR, Ticks, or Fixed Price. Hard SL option for additional risk control. Move SL to BE (Break Even) after a certain profit threshold.
Pine Script™ strategy
by fluxchart
2
Dynamic Currency Strength IndexDescription: This indicator calculates the relative strength of the base currency and quote currency of the currently selected forex pair. Instead of just using a single pair comparison (e.g., GBPUSD - AUDUSD), it determines currency strength using a basket of related pairs, making it more accurate and useful for trading decisions. How It Works: Extracts the base and quote currencies from the selected forex pair. Calculates their individual strengths using multiple related forex pairs. Displays the strength difference between the base and quote currencies. How to Use: ✔️ If the strength difference is positive, the base currency is stronger → Bullish signal. ✔️ If the strength difference is negative, the quote currency is stronger → Bearish signal. ✔️ Use it to confirm trends, filter trades, and improve entry timing in forex trading. 💡 Ideal for traders using trend-based strategies (Dow Theory, HH-HL patterns, breakouts, etc.).
Pine Script™ indicator
by hassan_ghafoor07
Bars pattern MLThis script implements a K-Nearest Neighbors (KNN)-based machine learning model to predict future price movements in financial markets. It analyzes past price action using Euclidean distance and selects the most similar historical patterns to estimate future price changes. Unlike traditional KNN implementations, this approach optimizes distance calculations by maintaining a dynamically updated list of the closest neighbors, ensuring efficient selection without the need for sorting. The model generates a forecasted price trajectory based on incremental predictions, which are visualized on the chart using polylines for better interpretability.
Pine Script™ indicator
by tkarolak
2
MACD & Bollinger Bands Overbought OversoldMACD & Bollinger Bands Reversal Detector This indicator combines the power of MACD divergence analysis with Bollinger Bands to help traders identify potential reversal points in the market. Key Features: MACD Calculation & Divergence: The script calculates the standard MACD components (MACD line, Signal line, and Histogram) using configurable fast, slow, and signal lengths. It includes a simplified divergence detection mechanism that flags potential bearish divergence—when the price makes a new swing high but the MACD fails to confirm the move. This divergence can serve as an early warning that the bullish momentum is waning. Bollinger Bands: A 20-period simple moving average (SMA) is used as the basis, with upper and lower bands drawn at 2 standard deviations. These bands help visualize overbought and oversold conditions. For example, a close at or above the upper band suggests the market may be overextended (overbought), while a close at or below the lower band may indicate oversold conditions. Visual Alerts: The indicator plots the Bollinger Bands on the chart along with labels marking overbought and oversold conditions. Additionally, it marks potential bearish divergence with a downward triangle, providing a quick visual cue to traders. Usage Suggestions: Confluence with Other Signals: Use the divergence signals and Bollinger Band conditions as filters. For example, even if another indicator suggests a long entry, you might avoid it if the price is overbought or if MACD divergence warns of weakening momentum. Customization: All key parameters, such as the MACD lengths, Bollinger Band period, and multiplier, are fully configurable. This flexibility allows you to adjust the indicator to suit different markets or trading styles. Disclaimer: This script is provided for educational purposes only. Always perform your own analysis and backtesting before trading with live capital.
Pine Script™ indicator
by nsharif0
MTF Support & Resistance📌 Multi-Timeframe Support & Resistance (MTF S&R) Indicator 🔎 Overview: The MTF Support & Resistance Indicator is a powerful tool designed to help traders identify critical price levels where the market is likely to react. This indicator automatically detects support and resistance zones based on a user-defined lookback period and extends these levels dynamically on the chart. Additionally, it provides multi-timeframe (MTF) support and resistance zones, allowing traders to view higher timeframe key levels alongside their current timeframe. Support and resistance levels are crucial for traders as they help in determining potential reversal points, breakout zones, and trend continuation signals. By incorporating multi-timeframe analysis, this indicator enhances decision-making by providing a broader perspective of price action. ✨ Key Features & Benefits: ✅ Automatic Support & Resistance Detection – No need to manually plot levels; the indicator calculates them dynamically based on historical price action. ✅ Multi-Timeframe (MTF) Levels – Enables traders to see higher timeframe S&R levels on their current chart for better trend confirmation. ✅ Customizable Lookback Period – Adjust sensitivity by modifying the number of historical bars considered when calculating support and resistance. ✅ Color-Coded Visualization – Green Line → Support on the current timeframe Red Line → Resistance on the current timeframe Dashed Blue Line → Higher timeframe support Dashed Orange Line → Higher timeframe resistance ✅ Dynamic Extension of Levels – Levels extend left and right for better visibility across multiple bars. ✅ Real-Time Updates – Automatically refreshes as new price data comes in. ✅ Non-Repainting – Ensures reliable support and resistance levels that do not change after the bar closes. 📈 How to Use the Indicator: Identify Key Price Levels: The green line represents support, where price may bounce. The red line represents resistance, where price may reject. The blue dashed line represents support on a higher timeframe, making it a stronger level. The orange dashed line represents higher timeframe resistance, helping identify major breakout zones. Trend Trading: Look for price action around these levels to confirm breakouts or reversals. Combine with trend indicators (like moving averages) to validate trade entries. Range Trading: If the price is bouncing between support and resistance, consider range trading strategies (buying at support, selling at resistance). Breakout Trading: If the price breaks above resistance, it could indicate a bullish trend continuation. If the price breaks below support, it could signal a bearish trend continuation. ⚙️ Indicator Settings: Lookback Period: Determines the number of historical bars used to calculate support and resistance. Show Higher Timeframe Levels (MTF): Enable/disable MTF support and resistance levels. Extend Bars: Extends the drawn lines for better visualization. Support/Resistance Colors: Allows users to customize the appearance of the lines. ⚠️ Important Notes: This indicator does NOT generate buy/sell signals—it serves as a technical tool to improve trading analysis. Best Used With Other Indicators: Consider combining it with volume, moving averages, RSI, or price action strategies for more reliable trade setups. Works on Any Market & Timeframe: Forex, stocks, commodities, indices, and cryptocurrencies. Use Higher Timeframe Levels for Stronger Confirmations: If a higher timeframe support/resistance level aligns with a lower timeframe level, it may indicate a stronger price reaction. 🎯 Who Should Use This Indicator? 📌 Scalpers & Day Traders – Identify short-term support and resistance levels for quick trades. 📌 Swing Traders – Utilize higher timeframe levels for position entries and exits. 📌 Trend Traders – Confirm breakout zones and key price levels for trend-following strategies. 📌 Reversal Traders – Spot potential reversal zones at significant S&R levels.
Pine Script™ indicator
by JDTJDTTradingCo
Forward Curve Visualization ToolProvide the spot symbol and the futures product root, and the script automatically scans all relevant contracts for you—no more tedious manual searches. The result is a clean, intuitive chart showing the live forward curve in real time. It also detects contango or backwardation conditions (based on spot < F1 < F2 < F3). Future Features: Plot historical snapshots of the curve (1 day, 1 week, or 1 month ago) to understand market trends over time. Display additional metrics such as annualized basis, cost of carry (CoC), and even volume or open interest for deeper insights. If you trade futures and watch the forward curve, this script will give you the actionable data you need and get more ideas or features you’d like to see. Let’s build them together! Disclaimer Please remember that past performance may not be indicative of future results. Due to various factors, including changing market conditions, the strategy may no longer perform as well as in historical backtesting. This post and the script don’t provide any financial advice.
Pine Script™ indicator
by QuantNomad
5
TrinityBar**TrinityBar Strategy Description** The TrinityBar strategy is a price‐action based trading model that leverages Bill Williams’ bar thirds concept to generate entry signals and execute market orders automatically. Here’s how it works: 1. **Bar Thirds Calculation:** The strategy calculates the range of both the current fully formed bar and the previous fully formed bar. It then divides each bar’s range into three equal parts (thirds). - For the current bar, the lower third and upper third levels are computed. - The same is done for the previous bar. 2. **Bar Type Classification:** Each bar is classified into one of several types based on where its open and close fall relative to its thirds: - **Bullish Patterns:** - *1‑3 Bar:* Opens in the lower third and closes in the upper third. - *2‑3 Bar:* Opens in the middle third and closes in the upper third. - *3‑3 Bar:* Both open and close are in the upper third. - **Bearish Patterns:** - *3‑1 Bar:* Opens in the upper third and closes in the lower third. - *2‑1 Bar:* Opens in the middle third and closes in the lower third. - *1‑1 Bar:* Both open and close are in the lower third. 3. **Signal Generation:** - **Bullish Signal:** A valid buy is generated when the previous bar exhibits any bullish pattern (1‑3, 2‑3, or 3‑3) and the current bar is either a 1‑3 or a 3‑3 bar. - **Bearish Signal:** A valid sell is generated when the previous bar shows any bearish pattern (1‑1, 2‑1, or 3‑1) and the current bar is either a 1‑1 or a 3‑1 bar. 4. **Visual Alerts:** When a valid signal is identified, the strategy plots a small triangle below the bar for a buy signal (labeled “B” in green) and a triangle above the bar for a sell signal (labeled “S” in red). 5. **Trade Execution:** Once a signal is confirmed: - If a bullish signal is generated, any short positions are closed, and if there is no existing long position, a market long order is entered. - Conversely, if a bearish signal occurs, any long positions are closed, and a market short order is entered if not already in a short position. This strategy is designed to capture significant price expansions by relying solely on price action and bar structure, without relying on lagging indicators. It provides a mechanical, systematic approach that removes emotional bias from trading decisions.
Pine Script™ strategy
by BUENATURA_CAPITAL
Son Model ICT [TradingFinder] HTF DOL H1 + Sweep M15 + FVG M1🔵 Introduction The ICT Son Model setup is a precise trading strategy based on market structure and liquidity, implemented across multiple timeframes. This setup first identifies a liquidity level in the 1-hour (1H) timeframe and then confirms a Market Structure Shift (MSS) in the 5-minute (5M) timeframe to validate the trend. After confirmation, the price forms a new swing in the 5-minute timeframe, absorbing liquidity. Once this level is broken, traders typically drop to the 30-second (30s) timeframe and enter trades based on a Fair Value Gap (FVG). However, since access to the 30-second timeframe is not available to most traders, we take the entry signal directly from the 5-minute timeframe, using the same liquidity zones and confirmed breakouts to execute trades. This approach simplifies execution and makes the strategy accessible to all traders. This model operates in two setups : Bullish ICT Son Model and Bearish ICT Son Model. In the bullish setup, liquidity is first accumulated at the lows of the 1-hour timeframe, and after confirming a market structure shift, a long position is initiated. Conversely, in the bearish setup, liquidity is first drawn from higher levels, and upon confirmation of a bearish trend, a short position is executed. Bullish Setup : Bearish Setup : 🔵 How to Use The ICT Son Model setup is designed around liquidity analysis and market structure shifts and can be applied in both bullish and bearish market conditions. The strategy first identifies a liquidity level in the 1-hour (1H) timeframe and then confirms a Market Structure Shift (MSS) in the 5-minute (5M) timeframe. After this shift, the price forms a new swing, absorbing liquidity. When this level is broken in the 5-minute timeframe, the trader enters based on a Fair Value Gap (FVG). While the ideal entry is in the 30-second (30s) timeframe, due to accessibility constraints, we take entry signals directly from the 5-minute timeframe. 🟣 Bullish Setup In the Bullish ICT Son Model, the 1-hour timeframe first identifies liquidity at the market lows, where price sweeps this level to absorb liquidity. Then, in the 5-minute timeframe, an MSS confirms the bullish shift. After confirmation, the price forms a new swing, absorbing liquidity at a higher level. The price then retraces into a Fair Value Gap (FVG) created in the 5-minute timeframe, where the trader enters a long position, placing the stop-loss below the FVG. 🟣 Bearish Setup In the Bearish ICT Son Model, liquidity at higher market levels is identified in the 1-hour timeframe, where price sweeps these levels to absorb liquidity. Then, in the 5-minute timeframe, an MSS confirms the bearish trend. After confirmation, the price forms a new swing, absorbing liquidity at a lower level. The price then retraces into a Fair Value Gap (FVG) created in the 5-minute timeframe, where the trader enters a short position, placing the stop-loss above the FVG. 🔵 Settings Swing period : You can set the swing detection period. Max Swing Back Method : It is in two modes "All" and "Custom". If it is in "All" mode, it will check all swings, and if it is in "Custom" mode, it will check the swings to the extent you determine. Max Swing Back : You can set the number of swings that will go back for checking. FVG Length : Default is 120 Bar. MSS Length : Default is 80 Bar. FVG Filter : This refines the number of identified FVG areas based on a specified algorithm to focus on higher quality signals and reduce noise. Types of FVG filters : Very Aggressive Filter: Adds a condition where, for an upward FVG, the last candle's highest price must exceed the middle candle's highest price, and for a downward FVG, the last candle's lowest price must be lower than the middle candle's lowest price. This minimally filters out FVGs. Aggressive Filter: Builds on the Very Aggressive mode by ensuring the middle candle is not too small, filtering out more FVGs. Defensive Filter: Adds criteria regarding the size and structure of the middle candle, requiring it to have a substantial body and specific polarity conditions, filtering out a significant number of FVGs. Very Defensive Filter: Further refines filtering by ensuring the first and third candles are not small-bodied doji candles, retaining only the highest quality signals. 🔵 Conclusion The ICT Son Model setup is a structured and precise method for trade execution based on liquidity analysis and market structure shifts. This strategy first identifies a liquidity level in the 1-hour timeframe and then confirms a trend shift using the 5-minute timeframe. Trade entries are executed based on Fair Value Gaps (FVGs), which highlight optimal entry points. By applying this model, traders can leverage existing market liquidity to enter high-probability trades. The bullish setup activates when liquidity is swept from market lows and a market structure shift confirms an upward trend, whereas the bearish setup is used when liquidity is drawn from market highs, confirming a downtrend. This approach enables traders to identify high-probability trade setups with greater precision compared to many other strategies. Additionally, since access to the 30-second timeframe is limited, the strategy remains fully functional in the 5-minute timeframe, making it more practical and accessible for a wider range of traders.
Pine Script™ indicator
by TFlab
2