RSI von JanCertainly! Here's a shorter version of the explanation:
### RSI Indicator Overview:
This script calculates the **Relative Strength Index (RSI)** and overlays an **EMA55** on the RSI. It also visually highlights overbought and oversold conditions.
1. **RSI Calculation**:
- The RSI is calculated based on average gains and losses over a defined period (default is 14).
- It uses `ta.rma()` to smooth the gains and losses.
2. **Color Changes**:
- The RSI line is **red** when the RSI is above 71 (overbought), **green** when it's below 29 (oversold), and **blue** for neutral values between 29 and 71.
- The color also adjusts based on whether the RSI is rising or falling.
3. **Bands**:
- Horizontal lines at **70** and **30** mark the overbought and oversold levels.
- A shaded purple area fills between these levels.
4. **EMA55**:
- A 55-period **Exponential Moving Average (EMA)** is plotted on the RSI to show longer-term trends.
### Summary:
- **RSI > 70**: Overbought, potential for a reversal.
- **RSI < 30**: Oversold, potential buying opportunity.
- **EMA55** helps identify longer-term trends.
This script provides a clear visual representation of the RSI with color-coded conditions and an EMA for trend analysis.
Chart patterns
CE-2min [DailyPanda]Overview
The CE-2min strategy is a complete trading system. It is designed to work on lower timeframes and includes a filter to ensure it works on specific assets. This list will change as I conduct more tests and discover the best values and recommendations for each asset. If you want to test it on a specific asset, feel free to leave a comment.
It integrates multiple technical indicators and advanced risk management techniques to provide traders with systematic entry and exit signals. The strategy aims to capitalize on short-term market trends while minimizing risk through adjustable parameters and robust safeguards.
How the Components Work
1. Technical Indicators
Exponential Moving Averages (EMAs): Utilizes EMAs with periods of 9, 20, 50, 72, and 200 to identify short-term and long-term market trends.
Simple Moving Averages (SMAs): Incorporates SMAs with periods of 200 and 500 to detect significant support and resistance levels.
Zero-Lagged Simple Moving Average (ZLSMA): Employs ZLSMA to reduce lag in moving averages, providing more timely signals for trend direction.
2. Entry Filters
ZLSMA Filter: Trades are initiated only when the price is above the ZLSMA and the ZLSMA is trending upwards, indicating bullish momentum.
200 MA Zone Filter: Avoids trading when the price is within the zone between the EMA 200 and SMA 200 to prevent trades during uncertain market conditions.
3. Average True Range (ATR) Calculations
ATR for Stop Loss: Calculates stop-loss levels based on ATR to adapt to market volatility.
ATR-Based Partial Exits: Allows partial profit-taking when the price moves a certain ATR distance, securing gains in volatile markets.
4. Risk Management
Position Sizing: Offers options for fixed position sizes or sizes based on account equity.
Maximum Stop Loss Distance: Limits the maximum distance for stop-loss orders to control potential losses.
Maximum Daily Drawdown: Implements a cap on daily losses as a percentage of equity to preserve capital.
Daily Profit Goal: Optionally halts trading after achieving a specified profit target for the day.
5. Partial Exit Strategies
Price-Based Partial Exits: Executes partial exits after the price moves a predefined number of points in favor of the trade.
Dynamic Adjustments: Modifies partial exit strategies based on additional indicators like EMA alignment to optimize profit-taking.
6. Performance Tracking
Monthly Performance Table: Generates a table displaying monthly and yearly performance metrics for comprehensive analysis.
Trade Statistics: Provides insights into the number of trades executed, commissions paid, and the ratio of commissions to net profit.
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Originality and Value Added to the Community
The CE-2min strategy stands out by combining traditional technical analysis with advanced concepts like the Zero-Lagged Simple Moving Average. Its unique approach to entry and exit filtering minimizes lag and enhances the timing of trades. The strategy's flexibility in risk management and position sizing allows traders to tailor it to their specific needs.
By integrating detailed performance tracking and customizable parameters, it empowers traders to make data-driven decisions. The strategy adds value to the trading community by providing a robust framework that can adapt to various market conditions while prioritizing capital preservation.
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How to Use the Strategy
1. Selecting Symbols
Apply the strategy to one of the supported symbols: WIN , SPX500 --> more will be added.
2. Configuring Inputs
Trading Hours
Start Trading Hour: Set the hour to begin trading (default is 9).
Stop Trading Hour: Set the hour to stop trading (default is 14).
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| Position Size Settings |
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Position Size Method:
Fixed: Trades a constant number of contracts or shares.
Based on Capital: Adjusts the position size based on account equity.
Fixed Position Size: If using a fixed size, specify the number of units (default is 10).
Based on Capital Value: If sizing based on capital, set the divisor for equity to determine position size (e.g., Equity / 1000).
Partial Exit Settings
Enable Partial Exits: Toggle to enable or disable partial profit-taking.
Points for Partial Exit: Set the number of points the price must move to trigger a partial exit (default is 180).
ATR-Based Partial Exits: Enable to allow partial exits based on ATR distances.
ATR Distance for Partial Exit: Set the ATR multiple that triggers a partial exit (default is 200).
Risk Management
Maximum Stop Loss Distance: Specify the maximum allowable stop-loss distance in points (default is 230).
Maximum Daily Drawdown (%): Set the maximum daily loss as a percentage of equity (default is 3%).
Enable Daily Profit Goal: Optionally stop trading after reaching a profit target.
Daily Profit Goal (%): Set the profit percentage at which to halt trading for the day (default is 4%).
Moving Averages Display
Toggle the display of various EMAs and SMAs for visual analysis:
EMA 9, EMA 20, EMA 50, EMA 72, EMA 200
SMA 200, SMA 500
Entry Filters
Use ZLSMA Filter: Enable to require price above a rising ZLSMA for trade entries.
Avoid Trading Near 200 MA Zone: Enable to skip trades when price is near the 200-period MA zone.
3. Applying the Strategy
Add to Chart: Apply the strategy to your chart on the TradingView platform.
Customize Settings: Adjust input parameters according to your trading plan.
Monitor Signals: Observe entry and exit signals generated on the chart.
Review Performance: Use the built-in performance table to assess historical results.
4. Interpreting Signals
Long Entries: Occur when all entry conditions are met, signaling a potential upward move.
Partial Exits: Automatically executed based on your settings to secure partial profits.
Stop Losses: Placed according to ATR calculations and your specified maximum distance.
5. Risk Management
Position Monitoring: Keep an eye on open positions and adjust as necessary.
Adjust Parameters: Modify risk management settings to align with your risk tolerance.
Backtesting: Utilize TradingView's backtesting feature to evaluate strategy performance over historical data.
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Important Notes
Testing: Before deploying the strategy in a live trading environment, thoroughly test it using paper trading or backtesting to ensure it meets your expectations.
Customization: Feel free to adjust the parameters to better suit different market conditions or personal trading styles.
Education: Understanding how each component works will enhance your ability to make informed decisions and adapt the strategy as needed.
SystemAlpha MIXEsse indicador foi criado para ajudar a identificar facilmente quando um ativo (como ações ou criptomoedas) está em uma tendência de alta e quando essa tendência está prestes a terminar.
Ele funciona da seguinte forma:
Identificação da Tendência de Alta: O indicador usa uma combinação de médias móveis e o índice de força relativa (RSI) para verificar se o ativo está subindo de forma consistente. Quando detecta uma tendência de alta, ele marca no gráfico um alerta visual abaixo do preço, mostrando que o ativo está em alta.
Sinal de Fim da Tendência: Quando a tendência de alta mostra sinais de enfraquecimento, o indicador avisa que a alta pode estar acabando. Neste momento, ele coloca um alerta visual acima do preço, indicando um possível fim da subida.
Médias Móveis e Bandas de Bollinger: As linhas coloridas no gráfico representam médias móveis de diferentes períodos (10, 50 e 200), que ajudam a visualizar a direção geral do ativo. As Bandas de Bollinger, que envolvem o preço, mostram se o ativo está "espremido" (com pouca oscilação) ou se está se movendo com mais força.
Supertrend: Esse recurso dá suporte adicional para entender se o preço ainda está em alta ou se pode estar revertendo.
Este indicador é ideal para quem deseja visualizar rapidamente as tendências de alta e evitar ficar posicionado quando a alta acaba. É útil tanto para quem faz operações rápidas quanto para quem quer acompanhar o movimento de um ativo ao longo de um período maior.
EMA and SMA Crossover Strat.Jerrythick jerry
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Aso Line v2This indicator generates buy and sell signals by analyzing volume and horizontal lines. Red and green zones are displayed on the chart.
・Red zone: indicates a short (sell) signal. When the price reaches this zone, consider a short position.
・Green zone: indicates a long (buy) signal. When the price reaches this zone, consider a long position.
This indicator uses a proprietary algorithm to analyze volume and horizontal lines to identify the best zones for trading. Specifically, we will explain and .
In addition, configuration options for using this indicator effectively will be explained. For example, there are parameters to adjust the width of the zone, the volume calculation period, and the type of horizontal line used. By adjusting these parameters, you can adapt to different market conditions and trading styles.
- The way this indicator works is to look for fractal highs or fractal lows on volume above a moving average of volume. This moving average can be changed in the settings for each time frame.
- Fractal highs are identified by three consecutive highs followed by two consecutive lows, and vice versa for fractal lows.
- A zone is created from the fractal high/low and the closing candlestick price for the selected time frame. The larger the zone, the more important it is.
- You can disable zones, change zones to show only lines, or change the color, transparency, and thickness of lines in all zones.
PALAlineer regresyon osilatörüdür. Osilatör, trendin gücünü ve yönünü belirleyerek aşırı alım ve aşırı satım noktalarını tespit eder. Gösterge, kullanıcıya görsel olarak AL/SAT sinyalleri ve iptal seviyeleri sunarak trend dönüşlerini daha kolay gözlemleme imkânı sağlar.
PALA göstergesi, trend yönelimlerini ve aşırı alım/satım noktalarını belirlemek için güçlü bir araç sunar. Kullanıcı girdilerine göre hesaplanan osilatör değeri, sıfır çizgisi geçişleriyle AL/SAT sinyalleri oluşturur. İptal fiyat seviyeleri ve uyarı sistemi, kullanıcıların trend dönüşlerine hızlı tepki vermesini sağlar. Gösterge, kullanıcıya görsel rehberlik sunarak doğru karar almasına destek olur.
ARMY IMB & Volatility FinderThis is an Imbalance/FVG and Market Volatility/Daily Range Finder Indicator.
This is an 2 in 1 Indicator.
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Let me explain the 1st Part , The Imbalance/FVG part.
This indicator will identify, and highlight every Imbalance/FVG/Fair Value Gap it finds. On every timeframe, you use it on.
- In the settings meny of the indicator, you change change the Background color of the Rectangle Boxes it mark out, aswell as the Rectangle Border colors.
- You can also change the width of the Recangle boxes, how many bars do you want the Rectangle boxes to Extend to the Right-hand side.
- It you can choose how many Imbalances you want it to display, aswell as it will also remove Mittigated Imbalances.
- If Price mitigates more then 50% of an Imbalance, the indicator will remove it.
Generally, if you have a big impulse, like a Bullish Engulfing, created from an Orderblock or S/D area. If price impulses heavy, it will then leave behind what we call an imbalance, often referred to as a Gap or FVG/Fair Value Gap.
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Part 2. Forex Volatility / Daily Range.
This indicator will also measure the Average amount of Pips/Points movement price, over an X amount of time. This is often refered to as "Forex Volatility" Most pairs have different amounts of volatility. Exotics pairs are considered very volatile, Forex Majors is less volatile.
So this part of the Indicator, will measure the amount of ADR/Average Daily Range.
Average amount of Pips/Points of movement, within a specific period of time, and tell you that.
- In the settings, you can choose how many days you want the indicator to measure from, and it will tell you the average amount of pips, based on the average movement on those days.
The Default setting is set to 90 days/3 months.
- You are also able to Enable/Disable the option for the indicator to show the amount of Pips/Points it has calculated bye clicking on this button.
IMPORTANT:
To see the number the indicator tells you, you have to RIGHT-click up in the Left-side corner , where you see the Pair you have open on your Chart. And make sure to Enable "INDICATOR VALUES". Then if you However over the Indicator area, where the indicators you have open. You will see the number that the indicator has found. Based on the Settings you have set in the Settings Menu.
This indicator will as i said show you the Average volatility of the pair you have open on your Chart. One applicable way to use this information, is if you are inside a trade, and price has moved past the Daily Range. It could be less probable it will continue in the same direction when it has Met the Daily Range.
It's very accurate, if you want to compare, you can go to 3rd party websites like
Mataf / www.mataf.net
Investing.com / www.investing.com
Pala-Mezartaşı-Yusufcuk Doji ve Marubozu Tespit EdiciBelirli mum çubuğu formasyonlarını tespit etmek için kullanılır. Pala Doji, Mezartaşı Doji, Yusufcuk Doji ve Marubozu gibi önemli mum çubuğu formasyonlarını analiz ederek grafikte bu formasyonları işaretler. Ayrıca, görsel anlamda daha anlaşılır olması için arka plan renklendirmeleri ekler. Kodun ana işlevleri ve özellikleri şöyle açıklanabilir:
1. EMA Girdi Değişkeni
ema_input değişkeni, kullanılan EMA’nın (Üstel Hareketli Ortalama) periyodunu belirler ve varsayılan değeri 5'tir.
prev_p_1, ema_input periyoduna göre EMA değerini hesaplar ve Doji tespitinde referans olarak kullanılır.
2. Diğer Girdi Değişkenleri
Düşük/Yüksek Oranı (lowhigh_long_prop): Mumun düşük veya yüksek gölge uzunluk oranını belirlemek için kullanılır.
Gövde Oranı Boyutu (body_prop_size): Gövde uzunluğunu, yani açılış ve kapanış arasındaki farkın yüksekliğini belirlemeye yardımcı olur.
3. Doji Tespiti
Kod, Doji çubuklarını (Pala, Mezartaşı ve Yusufcuk) tespit etmek için belirli şartları kullanır:
Doji Yıldızı Yukarı (doji_star_up): Mum kapanışı EMA'nın altında ise, açılış ve kapanış fiyatı neredeyse eşit ise ve mumun üst ve alt gölgeleri belirli oranlar içindeyse yukarı yönlü bir Doji Yıldızı tespit edilir.
Doji Yıldızı Aşağı (doji_star_down): Mum kapanışı EMA'nın üzerinde ise ve diğer koşullar yukarı Doji ile aynı ise, aşağı yönlü bir Doji Yıldızı tespit edilir.
Mezartaşı Doji (doji_grave) ve Yusufcuk Doji (doji_yusufcuk) formasyonları, uzun gölge ve EMA ile olan ilişkilerine göre belirlenir:
Mezartaşı Doji: Mum kapanışı EMA'nın üzerindeyse, uzun üst gölge varsa ve belirli oranlara uyuyorsa bu formasyon tespit edilir.
Yusufcuk Doji: Mum kapanışı EMA'nın altında ise, uzun alt gölge varsa ve diğer şartlar uygunsa Yusufcuk Doji tespit edilir.
Kod, bu Doji formasyonları tespit edildiğinde grafikte yukarı ve aşağı yönlü üçgen simgeleri kullanarak gösterir.
4. Marubozu Tespit Algoritmaları
Marubozu Gövde Yüksekliği (maruBodyHeight): Marubozu formasyonunun minimum gövde yüksekliğini belirler (pips cinsinden).
Boğa Marubozu (bullMaru) ve Ayı Marubozu (bearMaru) formasyonları, mumun açılış ve kapanış fiyatlarına göre belirlenir:
Boğa Marubozu: Kapanış fiyatı açılış fiyatından yüksek ve kapanış en yüksek seviyedeyse, bu bir boğa (yükseliş) Marubozu olarak kabul edilir.
Ayı Marubozu: Kapanış fiyatı açılış fiyatından düşük ve kapanış en düşük seviyedeyse, bu bir ayı (düşüş) Marubozu olarak kabul edilir.
Bu formasyonlar tespit edildiğinde grafikte yeşil ve kırmızı üçgen simgeleri ile gösterilir.
5. Görsel İyileştirmeler (Arka Plan Renkleri)
Tespit edilen her formasyon için grafikte daha belirgin bir gösterim sağlamak amacıyla arka plan renklendirmesi yapılır:
Yukarı yönlü Doji için yeşil, aşağı yönlü Doji için kırmızı arka plan rengi atanır.
Mezartaşı Doji için kırmızı, Yusufcuk Doji için yeşil arka plan uygulanır.
Boğa Marubozu için mavi, Ayı Marubozu için turuncu arka plan rengi atanır.
Özet
Bu gösterge, çeşitli Doji ve Marubozu formasyonlarını tanımlayarak grafik üzerinde işaretlemeler yapar. Bu, yatırımcılara formasyon bazlı analizlerde hızlı görsel bilgi sağlayarak piyasa yönelimlerini anlamalarında yardımcı olur.
Çekiç ve Ters ÇekiçBu gösterge, çekiç ve ters çekiç formasyonlarını tespit eder ve grafik üzerinde gösterir ve aynı zamanda kullanıcıya uyarı gönderir.
Optimized Fair Value Gap StrategyOptimised Fair Value Gap strategy with take profit signals. Giving traders the best chance of making successful trades
SX SR & MomentumThis script is a custom technical indicator for TradingView called "SX SR & Momentum" which combines support/resistance levels with enhanced momentum oscillation and a stochastic RSI. Here’s a breakdown of the script’s main components:
1. Core Calculations and Utility Functions
Stochastic RSI: Combines RSI and stochastic calculations, creating a smoothed stochastic signal for overbought and oversold levels.
Ehlers Super Smoother Filter: Smooths the stochastic output, reducing noise for a clearer trend.
Momentum Calculation: This momentum oscillator uses the difference between two exponential moving averages (EMAs) to signal positive or negative trends.
2. Input Parameters
Customizable inputs for:
Smoothing values for K and D lines in the stochastic RSI.
RSI length and stochastic length.
Choice of a higher timeframe for the momentum oscillator (default: 240 min).
3. Plotting and Visual Enhancements
Stochastic RSI: Plots K and D lines, colored for easy visualization, with overbought and oversold levels.
Momentum Histogram: Plots a momentum oscillator with a 3D and glow effect for visual emphasis.
Positive values are shown in green shades, and negative values in red shades, with a subtle glow effect to highlight stronger trends.
Gradient Background: The overbought/oversold zones are visually enhanced with gradient backgrounds.
4. Timeframe Adjustment for Momentum Oscillator
The script allows users to select a timeframe specifically for the momentum oscillator, enabling multi-timeframe analysis directly on the chart.
This indicator could be useful for identifying momentum shifts, support and resistance levels, and potential overbought/oversold conditions with improved readability. The 3D and glow effects add a unique visual dimension, making it easier to interpret changes in momentum at a glance.
BB MTF FVGs & First PresentedBB MTF FVGs with First Presented FVG Highlight
The BB MTF FVGs with First Presented FVG Highlight indicator is an advanced trading tool designed to help users identify and monitor Fair Value Gaps (FVGs) across multiple timeframes, offering traders deep insight into market structure and liquidity imbalances. With the ability to track up to three distinct timeframes (e.g., 1-minute, 1-hour, and 1-day), this indicator provides a comprehensive multi-level perspective, helping traders recognize critical support and resistance areas based on liquidity gaps. Additionally, it highlights the first FVG that presents after a specific time each day, making it especially useful for traders who prioritize session starts or key time-based market activity.
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Key Features
1. Multi-Timeframe FVG Detection on Three Levels:
• Track FVGs on three user-defined timeframes for a robust view of liquidity gaps across intraday, intermediate, and higher timeframes. For instance, you could set up 1-minute, 1-hour, and 1-day timeframes to capture the market’s behavior from granular intraday action to daily structural gaps. Each timeframe is fully customizable, and users can enable or disable individual levels as needed.
2. Price Action-Driven FVG Status Analysis:
• The indicator continuously monitors price action to assess the state of each FVG. FVGs are dynamically styled based on their status:
• Untouched: FVGs with solid borders indicate that price has not yet traded into the gap.
• Mitigated: If price partially fills or “mitigates” an FVG, its borders turn dotted, providing visual feedback that the gap has seen some interaction.
• Inverted: When an FVG is fully invalidated by price moving completely through it, the border is removed, signaling the inversion. This real-time analysis gives traders instant feedback on the status of each FVG, helping them quickly assess active, mitigated, or invalidated zones.
3. Highlighting the First FVG After a Specified Time:
• A unique feature that highlights the first FVG presented after a specified time (e.g., 9:30 AM) each day, making it easy for traders to focus on session-based FVGs that could impact market direction. This feature is especially valuable for those tracking the opening range or specific session periods.
4. Configurable FVG Extension Options:
• The indicator offers flexible settings to control how long each FVG remains extended across the chart. Users can choose to extend until the first mitigation, until full mitigation, until inversion, or opt for no extension. This allows traders to adjust FVG visibility duration based on their strategy and trading style.
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Customizable User Inputs
The BB MTF FVGs with First Presented FVG Highlight indicator includes various customization options for a personalized experience:
• Three Configurable Timeframes for FVG Tracking:
• Timeframe 1: Primary timeframe, like 1 minute, to capture short-term gaps.
• Timeframe 2: Secondary timeframe, such as 1 hour, to observe intraday market structure.
• Timeframe 3: Higher timeframe, like 1 day, to track major gaps with a longer-term impact. Each timeframe is independently customizable, allowing users to tailor their multi-timeframe FVG setup to fit their trading approach.
• Session-Based First FVG Highlighting:
• Highlight Type: Select whether to highlight only the first FVG presented after the defined time, display it with other FVGs, or turn off the highlight feature.
• Start and End Time for First Highlighted FVG: Specify the start and end time (e.g., 9:30 AM to 10:30 AM) for highlighting the first FVG, enabling a session-focused approach.
• Plotting Control for Forming FVGs:
• Forming FVG Display: Enable or disable forming FVGs for each timeframe, allowing traders to track potential gaps as they start to appear before confirmation.
• Color and Style Customization:
• FVG Colors: Define colors for long and short FVGs on each timeframe for visual clarity. Additionally, set the highlight color for the first FVG to make it stand out.
• Border Styling Based on FVG Status: The indicator’s dynamic border styling provides a clear visual status for each FVG:
• Solid borders for untouched FVGs.
• Dotted borders for mitigated FVGs.
• Borderless display for inverted FVGs.
• Flexible FVG Extension Duration:
• Choose the extension behavior for FVGs based on preferred criteria: extending until first mitigation, keeping them until fully mitigated, extending until inversion, or selecting no extension. This flexibility is ideal for traders who want to adapt FVG visibility to specific conditions.
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Technical Details
This indicator leverages precise, real-time calculations to monitor price interactions with each FVG, ensuring clarity and accuracy across multiple timeframes without duplicate or redundant displays. It offers traders a powerful way to track liquidity gaps at various market levels with the added benefit of immediate visual feedback on gap status.
SMC StrategyThis Pine Script strategy is based on Smart Money Concepts (SMC), designed for TradingView. Here's a brief summary of what the script does:
1. Swing High and Low Calculation: It identifies recent swing highs and lows, which are used to define key zones.
2. Equilibrium, Premium, and Discount Zones:
- Equilibrium is the midpoint between the swing high and low.
- Premium Zone is above the equilibrium, indicating a potential resistance area (sell zone).
- Discount Zone is below the equilibrium, indicating a potential support area (buy zone).
3. Simple Moving Average (SMA): It uses a 50-period SMA to determine the trend direction. If the price is above the SMA, the trend is bullish; if it's below, the trend is bearish.
4. Buy and Sell Signals:
- Buy Signal: Generated when the price is in the discount zone and above the equilibrium, with the price also above the SMA.
- Sell Signal: Triggered when the price is in the premium zone and below the equilibrium, with the price also below the SMA.
5. Order Blocks: It detects basic order blocks by identifying the highest high and lowest low within the last 20 bars. These levels help confirm the buy and sell signals.
6. Liquidity Zones: It marks the swing high and low as potential liquidity zones, indicating where price may reverse due to institutional players' activity.
The strategy then executes trades based on these signals, plotting buy and sell markers on the chart and showing the key levels (zones) and trend direction.
Adrian wicksThe "test 24" indicator helps identify potential reversal points based on wick and body size criteria, offering users insight into bullish and bearish wick-based reversals. It is designed for traders looking to catch early reversal signals by examining candlestick wicks in both upward and downward market trends.
Key Features:
Bullish Wick Reversal: A signal appears when a long lower wick and small upper wick hint at buying pressure. This can indicate a potential bullish reversal if the current candle meets defined wick and body criteria.
Bearish Wick Reversal: Conversely, a signal appears for a bearish wick reversal when there is a long upper wick and small lower wick, suggesting selling pressure and potential bearish continuation.
Dynamic Customization:
Wick Multiplier: Controls the relative length of wicks compared to the candle body, allowing users to fine-tune wick sensitivity for signals.
Body Percentage: Determines the size of the body in relation to the overall candle, helping to filter out weak reversals.
Show Labels: Enables "Valid Signal" labels (VS and VL) on the chart for enhanced visual tracking of valid long and short entries.
Alerts:
Entry Long and Entry Short Alerts: Receive notifications when valid long or short entry conditions are met, enabling prompt decision-making.
Visuals:
Triangles on Chart: Green triangles for bullish wick reversal signals below bars, and red triangles for bearish wick reversals above bars.
This indicator is especially useful for traders focused on identifying quick reversals by observing wick formations, providing flexibility with customizable parameters to suit various trading styles.
Hourly Breakout & Multi-Timeframe High/Low Indicator withDescription:
This indicator combines powerful breakout and multi-timeframe analysis features, allowing traders to visualize key support and resistance levels across various timeframes (daily, weekly, monthly, hourly, and 4-hour highs and lows). It also dynamically colors candles based on hourly breakout conditions, making it easy to spot significant price movements and potential trading signals.
Key Features:
Customizable Multi-Timeframe High/Low Levels:
Displays previous and current high/low levels for daily, weekly, and monthly timeframes, as well as previous hourly and 4-hour highs and lows.
Each timeframe’s high/low lines are color-coded and can be toggled on or off based on user preference.
Hourly Breakout Candle Coloring:
Candle colors change when the hourly close breaks above or below the previous day's high or low, visually indicating important breakout conditions.
User-configurable colors for candles that close above or below these breakout levels make this indicator highly customizable.
Dynamic Line Plotting:
Automatically updates and plots dotted lines for the previous day’s high and low levels, providing consistent visual cues for key support and resistance.
This indicator is ideal for intraday and swing traders who want to keep an eye on important breakout levels and multi-timeframe support and resistance zones, all in one convenient tool. Whether you're trading trends, breakouts, or reversals, this indicator helps enhance decision-making with clear, color-coded signals and adaptable settings.
Trade Wave [Bluechip Algos]Trade Wave is a momentum-based indicator designed to show reversal signals. Most of the time, markets are in range bound and this indicator tries to show you the overbought and oversold zone of the time frame you select. It works well during range bound market giving you reversal signals at highs and lows of the range. One can make use of "Momentum tuning" in inputs section to pick the level of momentum aggressiveness. If value is higher, signals will be lesser and if value is low signals will be more. One can also choose different types of stop-losses and targets.
Stop Loss Types:
Fixed SL: Set a fixed stop loss value for consistent risk management.
Dynamic SL: Adjusts with the market, providing a flexible stop loss that moves with price changes.
Previous Candle SL: Stop losses based on the recent low (for sell signals) or high (for buy signals) of the last few candles.
Target Types:
Fixed Target: Set a fixed target value for consistent profit goals.
Dynamic Target: Adjusts with market movements to maximize potential gains.
Risk:Reward Target: Define targets based on SL risk:reward ratios (e.g., 1:2), allowing for personalized risk management strategies.
Suggestion: It's better to take reversal confirmation from multiple time frames instead of relying on just one.
Slope Based DivergencesThis is an interesting take on divergences.
Most divergence indicators identify divergences by identifying two points within some look back period on an oscillator and two points on the price chart and if the slope of those two points are going in opposing directions than a divergence is identified
This take a different approach. This looks at the slope of the price and the oscillator over multiple points within the look back period and averages those slopes to get a more comprehensive value. A divergence isn't just two points, it is also everything that happened in-between those two points.
From there is compares the averages of the oscillator slope and the price slope and looks for extremes.
The default value for the extremes are 90 and 10 but some oscillators might need to be 99.99 and 0.01 or maybe 70 30. the smoothening of the oscillator you decide those values.
Watchlist & Symbols Distribution [Daveatt]TLDR;
I got bored so I just coded the TradingView watchlist interface in Pinescript :)
TLDR 2:
Sharing it open-source what took me 1 full day to code - haven't coded in Pinescript in a long time, so I'm a bit slow for now :)
█ OVERVIEW
This script offers a comprehensive market analysis tool inspired by TradingView's native watchlist interface features.
It combines an interactive watchlist with powerful distribution visualization capabilities and a performance comparison panel.
The script was developed with a focus on providing multiple visualization methods while working within PineScript's limitations.
█ DEVELOPMENT BACKGROUND
The pie chart implementation was greatly inspired by the ( "Crypto Map Dashboard" script / )
adapting its circular visualization technique to create dynamic distribution charts. However, due to PineScript's 500-line limitation per script, I had to optimize the code to allow users to switch between pie chart analysis and performance comparison modes rather than displaying both simultaneously.
█ SETUP AND DISPLAY
For optimal visualization, users need to adjust the chart's display settings manually.
This involves:
Expanding the indicator window vertically to accommodate both the watchlist and graphical elements
Adjusting the Y-axis scale by dragging it to ensure proper spacing for the comparison panel grid
Modifying the X-axis scale to achieve the desired time window display
Fine-tuning these adjustments whenever switching between pie chart and comparison panel modes
These manual adjustments are necessary due to PineScript's limitations in controlling chart scaling programmatically. While this requires some initial setup, it allows users to customize the display to their preferred viewing proportions.
█ MAIN FEATURES
Distribution Analysis
The script provides three distinct distribution visualization modes through a pie chart.
Users can analyze their symbols by exchanges, asset types (such as Crypto, Forex, Futures), or market sectors.
If you can't see it well at first, adjust your chart scaling until it's displayed nicely.
Asset Exchanges
www.tradingview.com
Asset Types
Asset Sectors
The pie charts feature an optional 3D effect with adjustable depth and angle parameters. To enhance visual customization, four different color schemes are available: Default, Pastel, Dark, and Neon.
Each segment of the pie chart includes interactive tooltips that can be configured to show different levels of detail. Importantly, the pie chart only visualizes the distribution of selected assets (those marked with a checkmark in the watchlist), providing a focused view of the user's current interests.
Interactive Watchlist
The watchlist component displays real-time data for up to 10 user-defined symbols. Each entry shows current price, price changes (both absolute and percentage), volume metrics, and a comparison toggle.
The table is dynamically updated and features color-coded entries that correspond to their respective performance lines in the comparison chart. The watchlist serves as both an information display and a control panel for the comparison feature.
Performance Comparison
One of the script's most innovative features is its performance comparison panel.
Using polylines for smooth visualization, it tracks the 30-day performance of selected symbols relative to a 0% baseline.
The comparison chart includes a sophisticated grid system with 5% intervals and a dynamic legend showing current performance values.
The polyline implementation allows for fluid, continuous lines that accurately represent price movements, providing a more refined visual experience than traditional line plots. Like the pie charts, the comparison panel only displays performance lines for symbols that have been selected in the watchlist, allowing users to focus on their specific assets of interest.
█ TECHNICAL IMPLEMENTATION
The script utilizes several advanced PineScript features:
Dynamic array management for symbol tracking
Polyline-based charting for smooth performance visualization
Real-time data processing with security calls
Interactive tooltips and labels
Optimized drawing routines to maintain performance
Selective visualization based on user choices
█ CUSTOMIZATION
Users can personalize almost every aspect of the script:
Symbol selection and comparison preferences
Visual theme selection with four distinct color schemes
Pie chart dimensions and positioning
Tooltip information density
Component visibility toggles
█ LIMITATIONS
The primary limitation stems from PineScript's 500-line restriction per script.
This constraint necessitated the implementation of a mode-switching system between pie charts and the comparison panel, as displaying both simultaneously would exceed the line limit. Additionally, the script relies on manual chart scale adjustments, as PineScript doesn't provide direct control over chart scaling when overlay=false is enabled.
However, these limitations led to a more focused and efficient design approach that gives users control over their viewing experience.
█ CONCLUSION
All those tools exist in the native TradingView watchlist interface and they're better than what I just did.
However, now it exists in Pinescript... so I believe it's a win lol :)
Heikin Ashi Buy-Sell Signals [Non-Repainting] @TradingadeThis is a basic indicator that displays Heikin Ashi candles in a simple format. Key features include:
- Unlike most other Heikin Ashi indicators, this one does not repaint, which is crucial when building strategies based on indicators.
- It generates Buy & Sell signals based on consecutive candles of the same color:
BUY Signal: Triggered when there are at least x green candles in a row (adjustable in settings).
SELL Signal: Triggered when there are at least x red candles in a row (also adjustable in settings).
Multiple Signal Option: If activated, the indicator will continue generating signals after the buy or sell condition is met, until a candle of the opposite color appears.
The Buy & Sell signals are shown both in the indicator and on your chart. You can turn them on or off in the style section.
You can set alerts when buy or sell signals are generated.
Trend Continuation RatioThis TradingView indicator calculates the likelihood of consecutive bullish or bearish days over a specified period, giving insights into day-to-day continuation patterns within the market.
How It Works
Period Length Input:
The user sets the period length (e.g., 20 days) to analyze.
After each period, the counts reset, allowing fresh data for each new interval.
Bullish and Bearish Day Definitions:
A day is considered bullish if the closing price is higher than the opening price.
A day is considered bearish if the closing price is lower than the opening price.
Count Tracking:
Within each specified period, the indicator tracks:
Total Bullish Days: The number of days where the close is greater than the open.
Total Bearish Days: The number of days where the close is less than the open.
Bullish to Bullish Continuations: Counts each instance where a bullish day is followed by another bullish day.
Bearish to Bearish Continuations: Counts each instance where a bearish day is followed by another bearish day.
Calculating Continuation Ratios:
The Bullish Continuation Ratio is calculated as the percentage of bullish days that were followed by another bullish day:
Bullish Continuation Ratio = (Bullish to Bullish Continuations /Total Bullish Days)×100
Bullish Continuation Ratio=( Total Bullish Days/Bullish to Bullish Continuations )×100
The Bearish Continuation Ratio is the percentage of bearish days followed by another bearish day:
Bearish Continuation Ratio = (Bearish to Bearish Continuations/Total Bearish Days)×100
Bearish Continuation Ratio=( Total Bearish Days/Bearish to Bearish Continuations )×100
Display on Chart:
The indicator displays a table in the top-right corner of the chart with:
Bullish Continuation Ratio (%): Percentage of bullish days that led to another bullish day within the period.
Bearish Continuation Ratio (%): Percentage of bearish days that led to another bearish day within the period.
Usage Insights
High Ratios: If the bullish or bearish continuation ratio is high, it suggests a trend where bullish/bearish days often lead to similar days, indicating possible momentum.
Low Ratios: Low continuation ratios indicate frequent reversals, which could suggest a range-bound or volatile market.
This indicator is helpful for assessing short-term trend continuation tendencies, allowing traders to gauge whether they are more likely to see follow-through on bullish or bearish days within a chosen timeframe.
