Daily CRTDaily CRT Indicator
The Daily CRT Indicator is a custom technical analysis tool designed to help traders identify and visualize key price patterns on the daily timeframe. Specifically, it detects and marks the "Sweep and Close Inside" pattern, which is a price action pattern that can signal potential trading opportunities.
Key Features:
Pattern Detection:
The indicator detects two specific price action patterns:
Sweep and Close Above: When the current price sweeps above the previous day’s high and closes inside the range, indicating a potential bullish breakout or continuation.
Sweep and Close Below: When the current price sweeps below the previous day’s low and closes inside the range, signaling a potential bearish move.
Horizontal Lines:
The indicator automatically draws horizontal lines at the previous day’s high and low levels whenever a pattern is detected, providing a visual reference for key support and resistance zones.
These lines are displayed in real-time on the chart and adjust dynamically as new patterns form.
Customizable Line Appearance:
Choose the color, thickness, and style (solid, dashed, or dotted) of the lines to fit your preferred chart aesthetic.
Alert System:
The indicator comes with built-in alerts. Set an alert to notify you when the Sweep and Close Inside pattern is detected, helping you stay on top of potential trade setups.
History Management:
Show History: Optionally display the detected patterns on previous bars (past patterns).
Customizable History Duration: Control how far back you want to view the patterns, allowing you to adjust for a cleaner chart and focus on the most recent setups.
Visual Labels:
When the pattern is detected, the indicator can display a label under the bar (customizable) to highlight the occurrence of the pattern, making it easier for traders to spot potential trade signals.
Built for the Daily Timeframe:
This indicator is specifically designed to work on the daily timeframe and is ideal for swing traders and longer-term traders who are focused on the daily price action and want to capture patterns that indicate potential market reversals or breakouts.
How It Works:
The indicator monitors the previous day's price action and looks for situations where the current price action either sweeps the previous day's high or low and then closes inside the range of the previous day's bar. This type of price movement can often signal that a reversal or continuation is about to occur. The indicator marks these setups by drawing horizontal lines and optionally displays labels for quick identification.
Settings & Customization:
Line Color: Customize the color of the lines marking the previous day’s high and low.
Line Thickness: Choose from different thickness levels for better visibility.
Line Style: Pick from solid, dashed, or dotted styles.
Show History: Toggle the display of historical patterns, with the option to control how many days back to show.
Show Labels: Option to toggle the display of labels when the pattern is detected.
Alert Condition: Receive alerts when a pattern is detected, ensuring you never miss a trade opportunity.
Ideal For:
Swing Traders: This indicator is perfect for traders looking to capture swings in the market based on daily price action.
Pattern Traders: Those who trade based on specific chart patterns will benefit from this tool, as it identifies important reversal and breakout signals.
Technical Analysts: Anyone who incorporates price action patterns into their strategy can use this tool as a supplemental analysis tool to improve their trading decisions.
By using the Daily CRT Indicator, you’ll have a powerful tool to help you spot important price action patterns that may indicate key market moves. Whether you're looking to catch breakouts, reversals, or simply track significant support and resistance levels, this indicator is a versatile addition to your trading toolkit.
This description provides a clear understanding of how the Daily CRT Indicator works and what value it offers, making it easy for traders to know if it fits their trading style. Feel free to tweak the description further depending on the details you’d like to emphasize.
Chart patterns
3 CANDLE SUPPLY/DEMANDExplanation of the Code:
Demand Zone Logic: The script checks if the second candle closes below the low of the first candle and the third candle closes above both the highs of the first and second candles.
Zone Plotting: Once the pattern is identified, a demand zone is plotted from the low of the first candle to the high of the third candle, using a dashed green line for clarity.
Markers: A small triangle marker is added below the bars where a demand zone is detected for easy visualization.
Efficient Logic: The script checks the conditions for demand zone formation for every three consecutive candles on the chart.
This approach should be both accurate and efficient in plotting demand zones, making it easier to spot potential support levels on the chart.
Trade Rush IndicatorTrade Rush Indicator
The Trade Rush Indicator is a comprehensive tool designed for traders who seek a clear visualization of key moving averages, combined with Bollinger Bands to identify potential trading opportunities. This script provides a unique approach to trend analysis by combining multiple Exponential Moving Averages (EMA) and Simple Moving Averages (SMA) with varying lengths, along with Bollinger Bands set to both 1 and 2 standard deviations.
Key Features:
EMAs & SMAs: The indicator includes several EMAs (5, 9, 21, 50, 100, 120, 200, 400) and SMAs (21, 50, 100, 120, 200, 400), each serving a different timeframe perspective. The EMAs and SMAs are color-coded for quick reference, and some of the longer-period moving averages (50 EMA, 100 EMA, etc.) are hidden by default to reduce chart clutter but can be manually enabled.
Bollinger Bands: Bollinger Bands are set at 1 and 2 standard deviations to assist in visualizing price volatility. The space between the 1σ and 2σ bands is filled with a light cloud, making it easy to spot periods of higher volatility. This band configuration helps traders assess potential breakout or reversal zones.
Ichimoku Cloud Overlay: Although the Ichimoku cloud calculation is included, it is hidden by default and can be activated when additional trend confirmation is needed. The cloud’s opacity is set to be subtle, allowing it to enhance chart readability without overwhelming other indicators.
Usage:
The Trade Rush Indicator is ideal for swing traders and intraday traders who rely on moving average crossovers, Bollinger Band volatility signals, and trend confirmation through Ichimoku cloud analysis. By visualizing multiple moving averages and Bollinger Bands, traders can identify trend direction, support/resistance zones, and potential breakout areas.
Originality and Value:
This script is a tailored solution for traders who seek a blend of moving averages and Bollinger Bands to enhance their trend-following strategies. Unlike standard setups, the Trade Rush Indicator provides extensive customization options, allowing traders to enable/disable specific indicators based on their trading style and preferences. Its structure also provides unique insights into volatility and trend strength by layering various EMAs and SMAs, helping traders make more informed decisions.
Heisenberg Uncertainty Moving Average (HUMA)Overview
This script introduces and approximation of the Heisenberg Uncertainty Moving Average (HUMA), inspired by the principles of quantum physics, particularly the Heisenberg Uncertainty Principle. The indicator dynamically adjusts its moving average length based on price and momentum uncertainty, ensuring adaptability to market conditions. It also features dynamic coloring to indicate the slope of the moving average.
Step-by-Step Explanation
Calculate Uncertainty in Price (Δx):
The price uncertainty is measured over a specified lookback period (length).
This is done by finding the difference between the highest high and lowest low over the period
Momentum uncertainty is defined using the Rate of Change (ROC) of the closing price over the same lookback period (length).
This indicates how much the price has changed over that period, providing a measure of momentum uncertainty.
Introduce Planck’s Constant (h):
Planck’s constant (h) is scaled down for financial use to set a theoretical minimum threshold for the product of uncertainties.
The threshold is defined as h / (4 * π) to simulate a limit that aligns with the Heisenberg Uncertainty Principle in physics.
Calculate the Uncertainty Product (Δx ⋅ Δp):
The product of price uncertainty (Δx) and the absolute value of momentum uncertainty (Δp) is calculated.
To ensure the product respects the minimum threshold set by quantum principles, the value is capped using math.max(uncertainty_product, threshold).
Normalize the Uncertainty Product to Determine the Moving Average Window Size:
The uncertainty product is used to adjust the length of the moving average dynamically.
The formula inversely adjusts the moving average length based on uncertainty: higher uncertainty results in a shorter (more responsive) window and lower uncertainty results in a longer (smoother) window.
Calculate the Heisenberg Uncertainty Moving Average (HUMA):
The slope is determined by finding the difference between the current HUMA value and the value from the previous period, smoothed with a Double Exponential Moving Average (DEMA).
This helps identify the direction of the trend: positive slope indicates an uptrend, and negative slope indicates a downtrend.
Dynamic Coloring Based on the Slope:
Bidirectional MoM w/ Time Weighting | Optional Intrabar DataBidirectional MoM w/ Time Weighting | Optional Intrabar Data
Core Components:
Intrabar Data Extraction:
The script optionally harnesses lower time frame data (e.g., per-second intervals) for high and low prices within each primary bar. You can set it to the current chart time but if you want to use intrabar data it uses the request.security_lower_tf() to properly pull intrabar data.
This fine-grained data enables an in-depth examination of the price action that occurs within a standard timeframe, enhancing the ability to detect subtle market movements.
A key threshold based on Average True Range (ATR) is used to measure significant price changes intrabar, adding a robust filter for volatility sensitivity.
Cumulative Time-to-Threshold Analysis:
The indicator tracks how long it takes for price changes to reach specified thresholds, marking critical time points when upward or downward price movements exceed these levels. This approach provides insights into the speed and intensity of directional shifts within the market.
The calculated time-to-threshold values act as temporal markers that influence subsequent momentum weighting.
Bidirectional Momentum Calculation:
Momentum is assessed in two directions (upward and downward) using a comprehensive array of price changes.
Adaptive Weighting Mechanism:
Each momentum value is weighted by the calculated time-to-threshold, giving preference to momentum that occurs more rapidly and aligning with potential breakout conditions.
The script also factors in correlations between momentum and price change, ensuring that only the most relevant signals contribute to the final analysis.
Iterative Length Analysis:
By iterating over a range of lengths (e.g., 100 to 200 periods), the script aggregates data to assess momentum across different time scales. This provides a more holistic view of market behavior, accommodating both short-term fluctuations and longer-term trends.
Each length is evaluated using moving averages and correlations to determine its contribution to the total weighted momentum.
Final Aggregated Output:
The weighted sums of upward and downward momentum are normalized by the total weight to produce a final composite metric.
The indicator plots these results as separate upward and downward momentum lines, offering traders a visual representation of which direction holds more momentum strength over various intervals.
Practical Application:
This indicator's advanced design is tailored for traders who require a deeper understanding of price movement dynamics and the underlying forces driving market momentum. By incorporating intrabar data, adaptive time-to-threshold calculations, and iterative analysis, this tool seeks to provide a clearer view of potential market direction shifts and their timing.
The indicator can be used to:
Identify potential breakout or reversal points by observing significant shifts in weighted momentum.
Gauge the relative strength of uptrends and downtrends through the plotted momentum lines.
Enhance decision-making with an additional layer of granularity from intrabar data.
In essence, this script is an ambitious attempt to blend multi-scale analysis, momentum dynamics, and time-weighted evaluation, creating a unique approach to understanding market behavior beyond conventional indicators.
Enhanced Market Analyzer with Adaptive Cognitive LearningThe "Enhanced Market Analyzer with Advanced Features and Adaptive Cognitive Learning" is an advanced, multi-dimensional trading indicator that leverages sophisticated algorithms to analyze market trends and generate predictive trading signals. This indicator is designed to merge traditional technical analysis with modern machine learning techniques, incorporating features such as adaptive learning, Monte Carlo simulations, and probabilistic modeling. It is ideal for traders who seek deeper market insights, adaptive strategies, and reliable buy/sell signals.
Key Features:
Adaptive Cognitive Learning:
Utilizes Monte Carlo simulations, reinforcement learning, and memory feedback to adapt to changing market conditions.
Adjusts the weighting and learning rate of signals dynamically to optimize predictions based on historical and real-time data.
Hybrid Technical Indicators:
Custom RSI Calculation: An RSI that adapts its length based on recursive learning and error adjustments, making it responsive to varying market conditions.
VIDYA with CMO Smoothing: An advanced moving average that incorporates Chander Momentum Oscillator for adaptive smoothing.
Hamming Windowed VWMA: A volume-weighted moving average that applies a Hamming window for smoother calculations.
FRAMA: A fractal adaptive moving average that responds dynamically to price movements.
Advanced Statistical Analysis:
Skewness and Kurtosis: Provides insights into the distribution and potential risk of market trends.
Z-Score Calculations: Identifies extreme market conditions and adjusts trading thresholds dynamically.
Probabilistic Monte Carlo Simulation:
Runs thousands of simulations to assess potential price movements based on momentum, volatility, and volume factors.
Integrates the results into a probabilistic signal that informs trading decisions.
Feature Extraction:
Calculates a variety of market metrics, including price change, momentum, volatility, volume change, and ATR.
Normalizes and adapts these features for use in machine learning algorithms, enhancing signal accuracy.
Ensemble Learning:
Combines signals from different technical indicators, such as RSI, MACD, Bollinger Bands, Stochastic Oscillator, and statistical features.
Weights each signal based on cumulative performance and learning feedback to create a robust ensemble signal.
Recursive Memory and Feedback:
Stores and averages past RSI calculations in a memory array to provide historical context and improve future predictions.
Adaptive memory factor adjusts the influence of past data based on current market conditions.
Multi-Factor Dynamic Length Calculation:
Determines the length of moving averages based on volume, volatility, momentum, and rate of change (ROC).
Adapts to various market conditions, ensuring that the indicator is responsive to both high and low volatility environments.
Adaptive Learning Rate:
The learning rate can be adjusted based on market volatility, allowing the system to adapt its speed of learning and sensitivity to changes.
Enhances the system's ability to react to different market regimes.
Monte Carlo Simulation Engine:
Simulates thousands of random outcomes to model potential future price movements.
Weights and aggregates these simulations to produce a final probabilistic signal, providing a comprehensive risk assessment.
RSI with Dynamic Adjustments:
The initial RSI length is adjusted recursively based on calculated errors between true RSI and predicted RSI.
The adaptive RSI calculation ensures that the indicator remains effective across various market phases.
Hybrid Moving Averages:
Short-Term and Long-Term Averages: Combines FRAMA, VIDYA, and Hamming VWMA with specific weights for a unique hybrid moving average.
Weighted Gradient: Applies a color gradient to indicate trend strength and direction, improving visual clarity.
Signal Generation:
Generates buy and sell signals based on the ensemble model and multi-factor analysis.
Uses percentile-based thresholds to determine overbought and oversold conditions, factoring in historical data for context.
Optional settings to enable adaptation to volume and volatility, ensuring the indicator remains effective under different market conditions.
Monte Carlo and Learning Parameters:
Users can customize the number of Monte Carlo simulations, learning rate, memory factor, and reward decay for tailored performance.
Applications:
Scalping and Day Trading:
The fast response of the adaptive RSI and ensemble learning model makes this indicator suitable for short-term trading strategies.
Swing Trading:
The combination of long-term moving averages and probabilistic models provides reliable signals for medium-term trends.
Volatility Analysis:
The ATR, Bollinger Bands, and adaptive moving averages offer insights into market volatility, helping traders adjust their strategies accordingly.
No Trade Zone Indicator [CHE]No Trade Zone Indicator
The "No Trade Zone Indicator " is a powerful tool designed to help traders identify periods when the market may not present favorable trading opportunities. By analyzing the percentage change in the 20-period Simple Moving Average (SMA20) relative to a dynamically adjusted threshold based on market volatility, this indicator highlights times when it's prudent to stay out of the market.
Why Knowing When Not to Trade Is Important
Understanding when not to trade is just as crucial as knowing when to enter or exit a position. Trading during periods of low volatility or uncertain market direction can lead to unnecessary risks and potential losses. By recognizing these "No Trade Zones," you can:
- Avoid Low-Probability Trades: Reduce the chances of entering trades with unfavorable risk-to-reward ratios.
- Preserve Capital: Protect your investment from unpredictable market movements.
- Enhance Focus: Concentrate on high-quality trading opportunities that align with your strategy.
How the Indicator Works
- SMA20 Calculation: Computes the 20-period Simple Moving Average of closing prices to identify the market's short-term trend.
- ATR Measurement: Calculates the Average True Range (ATR) over a user-defined period (default is 14) to assess market volatility.
- Dynamic Threshold: Determines an adjusted threshold by multiplying the ATR percentage by a Threshold Adjustment Factor (default is 0.05).
- Trend Analysis: Compares the percentage change of the SMA20 against the adjusted threshold to evaluate market momentum.
- Status Identification:
- Long: Indicates a rising SMA20 above the threshold—suggesting a potential upward trend.
- Short: Indicates a falling SMA20 above the threshold—suggesting a potential downward trend.
- No Trade: Signals when the SMA20 change is below the threshold, marking a period of low volatility or indecision.
Features
- Customizable Settings: Adjust the ATR period and Threshold Adjustment Factor to suit different trading styles and market conditions.
- Visual Indicators: Colored columns represent market status—green for "Long," red for "Short," and gray for "No Trade."
- On-Chart Table: An optional table displays the current market status directly on your chart for quick reference.
- Alerts: Set up alerts to receive notifications when the market enters a "No Trade Zone," helping you stay informed without constant monitoring.
How to Use the Indicator
1. Add to Chart: Apply the "No Trade Zone Indicator " to your preferred trading chart on TradingView.
2. Configure Settings: Customize the ATR period and Threshold Adjustment Factor based on your analysis and risk tolerance.
3. Interpret Signals:
- Green Columns: Consider looking for buying opportunities as the market shows upward momentum.
- Red Columns: Consider looking for selling opportunities as the market shows downward momentum.
- Gray Columns: Refrain from trading as the market lacks clear direction.
4. Monitor Alerts: Use the alert feature to get notified when the market status changes, allowing you to make timely decisions.
Conclusion
Incorporating the "No Trade Zone Indicator " into your trading toolkit can enhance your decision-making process by clearly indicating when the market may not be conducive to trading. By focusing on periods with favorable conditions and avoiding low-volatility times, you can improve your trading performance and achieve better results over the long term.
*Trade wisely, and remember—the best trade can sometimes be no trade at all.*
Disclaimer
The content provided, including all code and materials, is strictly for educational and informational purposes only. It is not intended as, and should not be interpreted as, financial advice, a recommendation to buy or sell any financial instrument, or an offer of any financial product or service. All strategies, tools, and examples discussed are provided for illustrative purposes to demonstrate coding techniques and the functionality of Pine Script within a trading context.
Any results from strategies or tools provided are hypothetical, and past performance is not indicative of future results. Trading and investing involve high risk, including the potential loss of principal, and may not be suitable for all individuals. Before making any trading decisions, please consult with a qualified financial professional to understand the risks involved.
By using this script, you acknowledge and agree that any trading decisions are made solely at your discretion and risk.
best regards
Chervolino
The Strat Patterns Indicator v1.0The Strat Patterns Indicator is a tool that draws Strat patterns in real-time, highlights Strat scenarios, key levels, and helps traders effectively apply the Strat trading strategy.
It combines features such as pattern recognition, timeframe continuity analysis, target level highlighting, and custom alerts to simplify trading decisions and maximize profit potential.
Display All Strat Patterns
The Strat Patterns Indicator shows all Strat patterns directly on your chart, making it easier to spot trading opportunities in real-time. You can choose to show or hide specific patterns based on your preferences. The patterns include:
2-2 Continuation
2-2 Reversal
3-2-2 Reversal
2-1-2 Continuation
2-1-2 Reversal
1-2-2 Reversal
3-1-2 Continuation
1-3 Reversal
3-1-2 Reversal
Highlight Major Candlestick Patterns
The indicator highlights important candlestick formations that are crucial for forecasting the major trend reversals in the market. These candlestick patterns include:
Hammer
Shooting Star
Doji
Gravestone Doji
Dragonfly Doji
Morning Doji Star
Evening Doji Star
By showcasing these patterns, the indicator helps traders quickly identify possible reversals or continuations, providing an extra layer of confirmation for trading decisions.
Timeframe Continuity Table
This indicator includes a customizable table that displays timeframe continuity, allowing you to align your trades with the overall market trend. You can select up to four higher timeframes to monitor, helping you ensure that your trades follow the broader trend direction.
This feature makes it easy to identify whether the market trend is aligned across multiple timeframes, enhancing your ability to make high-probability trades.
Show Target Levels (Previous Highs/Lows)
The indicator highlights target levels based on previous highs or lows, making it easier to set realistic profit targets and manage trades effectively.
By identifying these key levels, you can better gauge potential price movements and plan your trades with greater precision, ensuring that you maximize profit opportunities while minimizing risk.
Highlight Higher Timeframe Target Levels
This feature allows you to display target levels from a higher timeframe while trading on a lower timeframe.
For example, if you are trading on a 4-hour chart, you can choose to show daily target levels, including high/low levels and Fibonacci golden ratios. This helps you identify more significant profit targets and enhances your ability to capture larger moves while staying aligned with the overall trend.
Breakout Confirmation
The indicator provides an option to display the previous candlestick's high or low value, helping you confirm breakouts in Strat patterns. This feature is useful for validating whether a true breakout has occurred, giving you greater confidence in your trade entries and helping you avoid potential false breakouts.
Alerts for Strat Patterns
With this feature, you can set up alerts that trigger whenever a Strat pattern forms. This ensures you never miss a trading opportunity, keeping you informed and ready to act when key patterns emerge. The alerts provide real-time notifications, allowing you to stay on top of market movements without constantly monitoring your charts.
COIN/ETH RatioThis TradingView indicator calculates and visualizes the ratio between Coinbase's stock price (COIN) and Ethereum's price (ETH) to help traders compare Coinbase's performance relative to Ethereum over time. This can be useful for those interested in understanding correlations or relative strength between a traditional crypto exchange stock and a major cryptocurrency.
Enhanced London Session SMC SetupEnhanced London Session SMC Setup Indicator
This Pine Script-based indicator is designed for traders focusing on the London trading session, leveraging smart money concepts (SMC) to identify potential trading opportunities in the GBP/USD currency pair. The script uses multiple techniques such as Order Block Detection, Imbalance (Fair Value Gap) Analysis, Change of Character (CHoCH) detection, and Fibonacci retracement levels to aid in market structure analysis, providing a well-rounded approach to trade setups.
Features:
London Session Highlight:
The indicator visually marks the London trading session (from 08:00 AM to 04:00 PM UTC) on the chart using a blue background, signaling when the high-volume, high-impulse moves tend to occur, helping traders focus their analysis on this key session.
Order Block Detection:
Identifies significant impulse moves that may form order blocks (supply and demand zones). Order blocks are areas where institutions have executed large orders, often leading to price reversals or continuation. The indicator plots the high and low of these order blocks, providing key levels to monitor for potential entries.
Imbalance (Fair Value Gap) Detection:
Detects and highlights price imbalances or fair value gaps (FVG) where the market has moved too quickly, creating a gap in price action. These areas are often revisited by price, offering potential trade opportunities. The upper and lower bounds of the imbalance are visually marked for easy reference.
Change of Character (CHoCH) Detection:
This feature identifies potential trend reversals by detecting significant changes in market character. When the price action shifts from bullish to bearish or vice versa, a CHoCH signal is triggered, and the corresponding level is marked on the chart. This can help traders catch trend reversals at key levels.
Fibonacci Retracement Levels:
The script calculates and plots the key Fibonacci retracement levels (0.618 and 0.786 by default) based on the highest and lowest points over a user-defined swing lookback period. These levels are commonly used by traders to identify potential pullback zones where price may reverse or find support/resistance.
Directional Bias Based on Market Structure:
The indicator provides a market structure analysis by comparing the current highs and lows to the previous periods' highs and lows. This helps in identifying whether the market is in a bullish or bearish state, providing a clear directional bias for trade setups.
Alerts:
The indicator comes with built-in alert conditions to notify the trader when an order block, imbalance, CHoCH, or other significant price action event is detected, ensuring timely action can be taken.
Ideal Usage:
Timeframe: Suitable for intraday trading, particularly focusing on the London session (08:00 AM to 04:00 PM UTC).
Currency Pair: Specifically designed for GBP/USD but can be adapted to other pairs with similar market behavior.
Trading Strategy: Best used in conjunction with a price action strategy, focusing on the key levels identified (order blocks, FVG, CHoCH) and using Fibonacci retracement levels for precision entries.
Target Audience: Ideal for traders who follow smart money concepts (SMC) and are looking for a structured approach to identify high-probability setups during the London session.
Engulfing BoxThe Engulfing Box indicator is a custom script designed to visually highlight and track bullish and bearish engulfing candlestick patterns on a price chart. These patterns are often used to identify potential reversal points, making them valuable for technical analysis. The script dynamically draws colored boxes around these patterns, helping users easily spot them in the price action.
Key Features:
Bullish Engulfing Pattern: When a candlestick fully engulfs the previous bearish candle (i.e., the close of the current candle is higher than the open of the previous candle, and the open is lower than the close of the previous candle), the script draws a green box around the bullish engulfing candle. This box is drawn from the open of the previous candle to the low of the previous candle.
Bearish Engulfing Pattern: When a candlestick fully engulfs the previous bullish candle (i.e., the close of the current candle is lower than the open of the previous candle, and the open is higher than the close of the previous candle), a red box is drawn around the bearish engulfing candle. This box is drawn from the open of the previous candle to the high of the previous candle.
Dynamic Box Management: Once an engulfing pattern is detected, a box is drawn with the following attributes:
Bullish Engulfing Box: Green, with a transparent background.
Bearish Engulfing Box: Red, with a transparent background.
The box will adjust its color to gray if the price moves past certain thresholds, indicating that the engulfing pattern may no longer be as relevant.
Max Pattern Tracking: The script limits the number of engulfing boxes tracked on the chart to prevent clutter. The maximum number of bullish and bearish engulfing patterns shown is customizable (set to 500 by default), and once this limit is exceeded, older boxes are deleted to maintain a clean chart.
Pattern Expiry: Boxes are deleted if price action moves beyond the pattern’s range, ensuring that outdated signals are removed. If the low price falls below the bottom of the bullish engulfing box, or the high price rises above the top of the bearish engulfing box, the respective box is removed. Additionally, if the low price moves below the top of the bullish box or the high price exceeds the bottom of the bearish box, the box's color is changed to a more neutral tone.
How it Works:
Pattern Detection: The script compares the current price data with the previous candlestick to detect the bullish or bearish engulfing patterns.
Box Creation: If a pattern is detected, a colored box is drawn around the candle to visually highlight the pattern.
Pattern Expiry and Cleanup: The script continuously monitors past boxes. If the price moves too far from the box’s range, the box is either deleted or altered to reflect the reduced significance of the pattern.
B ox Count Limit: To avoid clutter, the script ensures that no more than 500 bullish or bearish engulfing boxes are shown at any time.
Customization:
The number of previous bars to scan for engulfing patterns can be adjusted (maxBarsback).
The maximum number of patterns displayed at any time can be modified.
Simplest Strategy Crossover with Labels Buy/Sell to $1000This Pine Script code, titled Custom Moving Average Crossover with Labels, is a trading indicator developed for the TradingView platform. It enables traders to visualize potential buy and sell signals based on the crossover of two moving averages, offering customizable settings for enhanced flexibility. Here’s a breakdown of its key features:
Key Features
User-Defined Moving Averages:
The script includes two moving averages: a fast and a slow one. Users can adjust the periods of each average (default values are 10 for the fast MA and 100 for the slow MA), allowing them to adapt the indicator to various market conditions and trading styles.
Time-Restricted Signal Validity:
The indicator includes settings for active trading hours, defined in UTC time. Users specify a start and end hour, making it possible to limit buy and sell signals to certain times of the day. This is especially useful for traders who wish to avoid signals outside their preferred trading hours or during periods of high volatility.
Crossover-Based Buy and Sell Signals:
Buy Signal: A "Buy" label is triggered and displayed when the fast moving average crosses above the slow moving average within the user-defined trading hours, signifying a potential upward trend.
Sell Signal: A "Sell" label is generated when the fast moving average crosses below the slow moving average, indicating a possible downtrend. Labels are displayed on the chart, color-coded for easy identification: green for buys and red for sells.
Profit Target Labels (+100 Points):
After each buy or sell entry, the indicator tracks price movements. When the price increases by 100 points from a buy entry or decreases by 100 points from a sell entry, a +100 label appears to signify a 100-point movement.
These labels serve as checkpoints to help traders assess performance and decide on further actions, such as taking profits or adjusting stop losses.
Visual Customization:
The moving averages are color-coded (blue for fast MA, red for slow MA) for easy distinction, and label text appears in white to enhance visibility against various chart backgrounds.
Benefits for Traders
Efficient Trade Identification: The moving average crossover combined with time-based restrictions allows traders to capture key market trends within chosen hours.
Clear Profit Checkpoints: The +100 point label alerts traders to significant price movement, useful for those looking for set profit targets.
Flexibility: Customizable inputs give users control over the indicator’s behavior, making it suitable for both day trading and swing trading.
This indicator is designed for traders looking to enhance their technical analysis with reliable, user-defined buy/sell signals, helping to increase confidence and improve trade timing based on objective data.
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.
5-Minute YEN Pivot Bars 1.0The 5-Minute YEN Pivot Bars indicator is designed to identify and highlight low-range pivot bars on 5-minute charts, specifically tailored for Yen-based pairs (e.g., GBPJPY, USDJPY). By focusing on precise pip thresholds, this tool helps traders detect potential pivot points within specific trading sessions, while avoiding inside bars and other noise often seen in low-volatility conditions. This can be particularly useful for trend traders and those looking to refine their entry points based on intraday reversals.
Key Features:
- Customized Pip Thresholds for Yen Pairs:
The indicator is pre-configured for Yen pairs, where 1 pip is typically represented by 0.01. It applies these thresholds:
- Limited Range: 4 pips or less between open and close prices.
- High/Low Directionality: At least 3 pips from the close/open to the bar's high or low.
- Open/Close Proximity: 4 pips or less between open and close.
- Inside Bar Tolerance: A tolerance of 3 pips for inside bars, helping reduce false signals from bars contained within the previous bar's range.
- Session-Specific Alerts:
- The indicator allows you to enable alerts for the European Session (6:00-12:00), American Session (12:00-17:00), and London Close (17:00-20:00). You can adjust these times based on your own trading hours or timezone preferences via a time-shift setting.
- Receive real-time alerts when a valid bullish or bearish pivot bar is identified within the chosen sessions, allowing you to respond to potential trade opportunities immediately.
- Time Shift Customization:
- Adjust the "Time Shift" parameter to account for different time zones, ensuring accurate session alignment regardless of your local time.
How It Works:
1. Pivot Bar Identification:
The indicator scans for bars where the difference between the open and close is within the "Limited Range" threshold, and both open and close prices are close to either the high or the low of the bar.
2. Directional Filtering:
It requires the bar to show strong directional bias by enforcing an additional distance between the open/close levels and the opposite end of the bar (high/low). Only bars with this directional structure are considered for highlighting.
3. Exclusion of Inside Bars:
Bars that are completely contained within the range of the previous bar are excluded (inside bars), as are consecutive inside bars. This filtering is essential to avoid marking bars that typically indicate consolidation rather than potential pivot points.
4. Session Alerts:
When a valid pivot bar appears within the selected sessions, an alert is triggered, notifying the trader of a potential trading signal. Bullish and bearish signals are differentiated based on whether the close is near the high or low.
How to Use:
- Trend Reversals: Use this indicator to spot potential trend reversals or pullbacks on a 5-minute chart, especially within key trading sessions.
- Entry and Exit Points: Highlighted bars can serve as potential entry points for traders looking to capitalize on short-term directional changes or continuation patterns.
- Combine with Other Indicators: Consider pairing this tool with momentum indicators or trendlines to confirm the signals, providing a comprehensive analysis framework.
Default Parameters:
- Limited Range: 4 Pips
- High/Low Directionality: 3 Pips
- Open/Close Proximity: 4 Pips
- Inside Bar Tolerance: 3 Pips
- Session Alerts: Enabled for European, American, and London Close sessions
- Time Shift: Default 6 (adjustable to align with different time zones)
This indicator is specifically optimized for Yen pairs on 5-minute charts due to its pip calculation.
New Day [UkutaLabs]█ OVERVIEW
The New Day indicator is a useful trading tool that automatically identifies the first bar of each trading day for the user’s convenience.
█ USAGE
At the beginning of each trading day, this indicator will automatically create a line that will display the first bar of the trading day. This is a useful way to visualize where each day begins and ends.
When this indicator is used on a stock or futures chart, the first bar of the session will be identified as the first bar of the trading day. If this indicator is used on crypto or forex charts, which are tradable for 24 hours, the indicator will identify the bar closest to midnight as the first bar of the trading day.
█ SETTINGS
Configuration
• Line Color: This setting allows the user to determine the color of the New Day line.
• Line Width: This setting allows the user to determine the width of the New Day line.
• Line Style: This setting allows the user to determine the style of the New Day line.
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.
Confirmed market structure buy/sell indicatorOverview
The Swing Point Breakout Indicator with Multi-Timeframe Dashboard is a TradingView tool designed to identify potential buy and sell signals based on swing point breakouts on the primary chart's timeframe while simultaneously providing a snapshot of the market structure across multiple higher timeframes. This dual approach helps traders make informed decisions by aligning short-term signals with broader market trends.
Key Features
Swing Point Breakout Detection
Swing Highs and Lows: Identifies significant peaks and troughs based on a user-defined lookback period.
Breakout Signals:
Bullish Breakout (Buy Signal): Triggered when the price closes above the latest swing high.
Bearish Breakout (Sell Signal): Triggered when the price closes below the latest swing low.
Visual Indicators: Highlights breakout bars with colors (lime for bullish, red for bearish) and plots buy/sell markers on the chart.
Multi-Timeframe Dashboard
Timeframes Monitored: 1m, 5m, 15m, 1h, 4h, 1D, and 1W.
Market Structure Status:
Bullish: Indicates upward market structure.
Bearish: Indicates downward market structure.
Neutral: No clear trend.
Visual Table: Displays each timeframe with its current status, color-coded for quick reference (green for bullish, red for bearish, gray for neutral).
Operational Workflow
Initialization:
Sets up a dashboard table on the chart's top-right corner with headers "Timeframe" and "Status".
Swing Point Detection:
Continuously scans the main timeframe for swing highs and lows using the specified lookback period.
Updates the latest swing high and low levels.
Signal Generation:
Detects when the price breaks above the last swing high (bullish) or below the last swing low (bearish).
Activates potential buy/sell setups and confirms signals based on subsequent price movements.
Dashboard Update:
For each defined higher timeframe, assesses the market structure by checking for breakouts of swing points.
Updates the dashboard with the current status for each timeframe, aiding in trend confirmation.
Visualization:
Colors the bars where breakouts occur.
Plots buy and sell signals directly on the chart for easy identification.
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.
TradingIQ - Counter Strike IQIntroducing "Counter Strike IQ" by TradingIQ
Counter Strike IQ is an exclusive trading algorithm developed by TradingIQ, designed to trade upside/downside breakouts of varying significance. By integrating artificial intelligence and IQ Technology, Counter Strike IQ analyzes historical and real-time price data to construct a dynamic trading system adaptable to various asset and timeframe combinations.
Philosophy of Counter Strike IQ
Counter Strike IQ operates on a single premise: Support and resistance levels cannot hold forever. At some point either side must break for the underlying asset to exhibit trends; otherwise, prices would be confined to an infinitely narrowing range.
Counter Strike IQ is designed to work straight out of the box. In fact, its simplicity requires just four user settings to manage output, making it incredibly straightforward to manage.
Minimum ATR Profit, Minimum ATR Stop, EMA Filter and EMA Filter Length are the only settings that manage the performance of Counter Strike IQ!
Traders don’t have to spend hours adjusting settings and trying to find what works best - Counter Strike IQ handles this on its own.
Key Features of Counter Strike IQ
Self-Learning Breakout Detection
Employs AI and IQ Technology to identify notable breakouts in real-time.
AI-Generated Trading Signals
Provides breakout trading signals derived from self-learning algorithms.
Comprehensive Trading System
Offers clear entry and exit labels.
Performance Tracking
Records and presents trading performance data, easily accessible for user analysis.
Self-Learning Trading Exits
Counter Strike IQ learns where to exit positions.
Long and Short Trading Capabilities
Supports both long and short positions to trade various market conditions.
Strike Channel
The Strike Channel represents what Counter Strike IQ considers a tradable long opportunity or a tradable short opportunity. The Strike Channel is dynamic and adjusts from chart to chart.
IQ Graph Gradient
Introduces the IQ Graph Gradient, designed to classify extreme values in price on a grand scale.
How It Works
Counter Strike IQ operates on a straightforward heuristic: go long during significant upside price moves that break established resistance levels and go short during significant downside price moves that break established support levels.
IQ Technology, TradingIQ's proprietary AI algorithm, defines what constitutes a “significant price move” and what’s considered a tradable breakout. For Counter Strike IQ, this algorithm evaluates all historical support/resistance breaks and any subsequent breakouts. For instance, the price move following up to a breakout is measured and learned from, including the significance of the identified support/resistance level (how long it’s been active, how far price moved away from it, etc). By analyzing these patterns, Counter Strike IQ adapts to identify and trade similar future breakout sequences.
In simple terms, Counter Strike IQ learns from violations of historical support/resistance levels to identify potential entry points at currently established support/resistance levels. Using this knowledge, it determines the optimal, current support/resistance price level where a breakout has a higher chance of occurring.
For long positions, Counter Strike IQ places a stop-market order at the AI-identified resistance point. If price violates this level a market order will be placed and a long position entered. Of course, this is how the algorithm trades, users can elect to use a stop-limit order amongst other order types for position entry. After the position is entered TP1 is placed (identifiable on the price chart). TP1 has a twofold purpose:
Acts as a legitimate profit target to exit 50% of the position.
Once TP1 is closed over, the initial stop loss is converted to a trailing stop, and the long position remains active so long as price continues to uptrend.
For short positions, Counter Strike IQ places a stop-market order at the AI-identified support point. If price violates this level a market order will be placed and a short position entered. Again, this is how the algorithm trades, users can elect to use a stop-limit order amongst other order types for position entry. Upon entry TP1 is placed (identifiable on the price chart). TP1 has a twofold purpose:
Acts as a legitimate profit target to exit 50% of the position.
Once TP1 is closed over, the initial stop loss is converted to a trailing stop, and the short position remains active so long as price continues to downtrend.
As a trading system, Counter Strike IQ exits TP1 using a limit order, with all stop losses exited as stop market orders.
What Classifies As a Tradable Upside Breakout or Tradable Downside Breakout?
For Counter Strike IQ, tradable price breakouts are not manually set but are instead learned by the system. What qualifies as a significant upside or downside breakout in one market might not hold the same significance in another. Counter Strike IQ continuously analyzes historical and current support/resistance levels, how far price has extended from those levels, the raw-dollar price move leading up to a violation of those levels, their longevity, and more, to determine which future levels have a higher chance of breaking out when retested!
The image above illustrates the Strike Channel and explains the corresponding prices and levels
The green upper line represents the Long Breakout Point.
The pink lower line represents the Short Breakout Point.
Any price between the two deviation points is considered “Acceptable”.
The image above shows a long position being entered after the Upside Breakout Point was reached.
Green arrows indicate that the strategy entered a long position at the highlighted price level.
Blue arrows indicate that the strategy exited a position, whether at TP1, the initial stop loss, or at the trailing stop.
Blue lines indicate the TP1 level for the current trade. Red lines indicate the initial stop loss price.
If price closes above TP1, the initial stop loss will be replaced with a trailing stop. A blue line (similar to the blue line shown for TP1) will trail price and correspond to the trailing stop price of the trade.
The image above shows the trailing stop price, represented by a blue line, used for the long position!
You can also hover over the trade labels to get more information about the trade—such as the entry price and exit price.
The image above shows a short position being entered after the Downside Breakout Point was reached.
Red arrows indicate that the strategy entered a short position at the highlighted price level.
Blue arrows indicate that the strategy exited a position, whether at TP1, the initial stop loss, or at the trailing stop.
Blue lines indicate the TP1 level for the current trade. Red lines indicate the initial stop loss price.
If price closes below TP1, the initial stop loss will be replaced with a trailing stop. A blue line (similar to the blue line shown for TP1) will trail price and correspond to the trailing stop price of the trade.
The image above shows the trailing stop price, represented by a blue line, used for the short position!
You can also hover over the trade labels to get more information about the trade—such as the entry price and exit price.
IQ Gradient Graph
The IQ Gradient Graph provides a macro characterization of extreme prices.
The lower macro extremity of the IQ Gradient Graph is colored green, while the upper macro extremity is colored red.
Minimum Profit Target And Stop Loss
The Minimum ATR Profit Target and Minimum ATR Stop Loss setting control the minimum allowed profit target and stop loss distance. On most timeframes users won’t have to alter these settings; however, on very-low timeframes such as the 1-minute chart, users can increase these values so gross profits exceed commission.
After changing either setting, Counter Strike IQ will retrain on historical data - accounting for the newly defined minimum profit target or stop loss.
AI Direction
The AI Direction setting controls the trade direction Counter Strike IQ is allowed to take.
“Trade Longs” allows for long trades.
“Trade Shorts” allows for short trades.
EMA Filter
The EMA Filter setting controls whether the AI should implement an EMA trading filter. Simply, if the EMA Filter is active, long trades can only initiate if price is trading above the user-defined EMA. Conversely, short trades can only initiate if price is trading below the user-defined EMA.
The image above shows the EMA Filter in action!
Verifying Counter Strike IQ’s Effectiveness
Counter Strike IQ automatically tracks its performance and displays the profit factor for the long strategy and the short strategy it uses. This information can be found in the table located in the top-right corner of your chart showing.
This table shows the long strategy profit factor and the short strategy profit factor.
The image above shows the long strategy profit factor and the short strategy profit factor for Counter Strike IQ.
A profit factor greater than 1 indicates a strategy profitably traded historical price data.
A profit factor less than 1 indicates a strategy unprofitably traded historical price data.
A profit factor equal to 1 indicates a strategy did not lose or gain money when trading historical price data.
Using Counter Strike IQ
While Counter Strike IQ is a full-fledged trading system with entries and exits - manual traders can certainly make use of its on chart indications and visualizations.
The hallmark feature of Counter Strike IQ is its ability to signal a breakout near its origin point. Long entries are often signaled near the start of a large upside price move; short entries are often signaled near the start of a large downside price move.
For live analysis, the Strike Channel serves as a valuable tool for identifying breakout points.
The further price moves toward the Upside Breakout Point (green), the stronger the indication that price might breakout to the upside. Conversely, the deeper price reaches toward the Downside Breakout Point (red), the stronger the indication that price might breakout to the downside.
Of course, should buying or selling pressure stall, price may fail to breakout at the identified breakout level. This is a natural consequence of any breakout trading strategy!
With this information at hand, traders can quickly switch between charts and timeframes to identify optimized areas of interest.
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.
