Weekday H/L Raids Weekday H/L Raids
The "Weekday H/L Raids" indicator is a powerful tool designed to help traders identify and visualize key levels from previous days' highs and lows, track their raids, and manage alerts effectively. This script is equipped with numerous customizable features to suit your trading style and preferences.
Key Features:
Display Settings:
Show previous highs and lows: Toggle to display previous highs and lows on the chart.
Show labels: Toggle to display labels for the highs and lows.
Lookback days: Set the number of days to look back for high and low levels (1-10 days).
Style Settings:
Line Style: Choose between Solid, Dashed, or Dotted lines.
Line Width: Adjust the width of the lines (1-4).
High Color: Set the color for high levels (default: green).
Low Color: Set the color for low levels (default: red).
Label Size: Customize the label size (Tiny, Small, Normal, Large).
Table Settings:
Show table: Toggle to display a table summarizing the levels.
Table Position: Position the table at Top Left, Top Right, Bottom Left, or Bottom Right.
Number of Table Rows: Set the number of rows to display in the table (1-10).
Table Border Color: Choose the border color of the table.
Table Background Color: Choose the background color of the table.
Table Text Color: Choose the text color in the table.
Alert Settings:
Enable Alerts: Toggle to enable or disable alerts for when levels are raided.
How It Works:
The script identifies previous day high and low levels, allowing you to visualize these critical points on your chart. It updates these levels daily and checks if they are raided, providing visual cues and alerts when this occurs.
High and Low Levels: Automatically plots previous day's highs and lows with customizable styles.
Labels: Displays labels indicating high and low levels with optional customization for size and color.
Alerts: Get notified when a previous high or low is raided, ensuring you never miss critical market movements.
Table Summary: Summarizes the levels and their statuses (raided or not) in a table, with customizable position, colors, and size.
Usage:
Add the indicator to your chart.
Customize the display, style, table, and alert settings to fit your preferences.
Monitor the levels and respond to alerts as necessary.
Disclaimer:
This script is a tool to help analysts and traders visualize important levels and manage alerts. It does not provide financial advice or guarantee any trading results.
Educational
Simple Lot Size CalculatorOverview:
The "Simple Lot Size Calculator" indicator is designed to compute the optimal trading lot size based on specified parameters, crucial for managing risk and capital in financial trading.
Parameters:
1. **Balance:**
- Represents the current account balance denominated in the selected currency (USD, EUR, CZK).
2. **Risk Percentage:**
- Determines the percentage of capital
you are willing to risk on a single trade.
3. **Stop Loss Size:**
- Specifies the size of the stop loss in pips.
4. **Account Currency:**
- Allows selection between different account currencies (USD, EUR, CZK).
Calculation Details:
The indicator takes into account the following factors for calculating the lot size:
- **Currency Exchange Rates:** It adjusts the balance and risk calculations based on the selected account currency. For currencies other than USD, the indicator retrieves exchange rates from the market data provider.
- **Pip Value:** It distinguishes between forex pairs (where pips are used) and indices (where points are used) to ensure accurate risk calculation across different asset classes.
Usage:
The calculated lot size is crucial for:
- **Risk Management:** Determining the appropriate trade size based on risk tolerance.
- **Capital Preservation:** Ensuring trades are proportionate to account size and risk parameters.
Implementation:
The indicatator providing real-time calculations and graphical representation of the recommended lot size based on the input parameters.
By using this indicator, traders can effectively manage their risk exposure and optimize their trading strategies according to their financial goals and risk appetite.
…
Made with ❤️ for trading
Several Fundamentals in One [aep]
**Financial Ratios Indicator**
This comprehensive Financial Ratios Indicator combines various essential metrics to help traders and investors evaluate the financial health of companies at a glance. The following categories are included:
### Valuation Ratios
- **P/B Ratio (Price to Book Ratio)**: Assesses if a stock is undervalued or overvalued by comparing its market price to its book value.
- **P/E Ratio TTM (Price to Earnings Ratio Trailing Twelve Months)**: Indicates how many years of earnings would be needed to pay the current stock price by comparing the stock price to earnings per share over the last twelve months.
- **P/FCF Ratio TTM (Price to Free Cash Flow Ratio Trailing Twelve Months)**: Evaluates a company's ability to generate free cash flow by comparing the market price to free cash flow per share over the last twelve months.
- **Tobin Q Ratio**: Indicates whether the market is overvaluing or undervaluing a company’s assets by comparing market value to replacement cost.
- **Piotroski F-Score (0-9)**: A scoring system that identifies financially strong companies based on fundamental metrics.
### Efficiency
- **Net Margin % TTM**: Measures profitability by calculating the percentage of revenue that becomes net profit after all expenses and taxes.
- **Free Cashflow Margin %**: Indicates a company’s efficiency in generating free cash flow from its revenues by showing the percentage of revenue that translates into free cash flow.
- **ROE%, ROIC%, ROA%**: Evaluate a company’s efficiency in generating profits from equity, invested capital, and total assets, respectively.
### Liquidity Metrics
- **Debt to Equity Ratio**: Shows the level of debt relative to equity, helping assess financial leverage.
- **Current Ratio**: Measures a company's ability to pay short-term debts by comparing current assets to current liabilities.
- **Long Term Debt to Assets**: Evaluates the level of long-term debt in relation to total assets.
### Dividend Policy
- **Retention Ratio % TTM**: Indicates the proportion of earnings reinvested in the company instead of distributed as dividends.
- **Dividend/Earnings Ratio % TTM**: Measures the percentage of earnings paid out as dividends to shareholders.
- **RORE % TTM (Return on Retained Earnings)**: Assesses how effectively a company utilizes retained earnings to generate additional profits.
- **Dividend Yield %**: Indicates the dividend yield of a stock by comparing annual dividends per share to the current stock price.
### Growth Ratios
- **EPS 1yr Growth %**: Measures the percentage growth of earnings per share over the last year.
- **Revenue 1yr Growth %**: Evaluates the percentage growth of revenue over the last year.
- **Sustainable Growth Rate**: Indicates the growth rate a company can maintain without increasing debt, assessing sustainable growth using internal resources.
Utilize this indicator to streamline your analysis of financial performance and make informed trading decisions.
Kernel SwitchThe indicator uses different kernel regression functions and filters to analyze and smooth the price data. It incorporates various technical analysis features like moving averages, ATR-based channels, and the Kalman filter to generate buy and sell signals. The purpose of this indicator is to help traders identify trends, reversals, and potential trade entry and exit points.
Key Components and Functionalities:
Kernel and Filter Selection:
Kernel: Options include RationalQuadratic, Gaussian, Periodic, and LocallyPeriodic.
Filter: Options include No Filter, Smooth, and Zero Lag.
Source: The source data for the calculations (default is close).
Lookback Period: The lookback period for the kernel calculations.
Relative Weight: Used for RationalQuadratic kernel.
Start at Bar: The starting bar index for the calculations.
Period: Used for Periodic and LocallyPeriodic kernels.
Additional Calculations:
Multiplier: Option to apply a multiplier to the kernel output.
Smoothing: Option to apply EMA smoothing to the kernel output.
Kalman Filter: Option to apply a Kalman filter to the smoothed output.
ATR Length: The length of the ATR used for calculating upper and lower bands.
Kernel Regression:
The code uses a switch statement to select and apply the chosen kernel function with the specified parameters.
Kalman Filter:
A custom function to apply a Kalman filter to the kernel output, providing additional smoothing and trend estimation.
ATR-based Channels:
Upper and lower bands are calculated using the kernel output and ATR, adjusted by a multiplier.
Buy/Sell Signals:
Buy signals are generated when the kernel output crosses above its previous value.
Sell signals are generated when the kernel output crosses below its previous value.
Plotting:
The main kernel output is plotted with color changes based on its direction (green for up, red for down).
Upper and lower bands are plotted based on the ATR-adjusted kernel output.
Buy and sell signals are marked on the chart with labels.
Additional markers are plotted when the high crosses above the upper band and the low crosses below the lower band.
Usage:
This indicator is used to analyze and smooth price data using various kernel regression functions and filters. It helps traders identify trends and potential reversal points, providing visual signals for buy and sell opportunities. By incorporating ATR-based channels and the Kalman filter, the indicator offers additional insights into price movements and volatility. Traders can customize the parameters to fit their specific trading strategies and preferences.
Important Note:
This script is provided for educational and template purposes and does not constitute financial advice. Traders and investors should conduct their research and analysis before making any trading decisions.
Buy Sell Trend MonitorDescription
The purpose of this indicator is to create symbols that try to show the most accurate positions possible for trading. The formation of BUY/SELL symbols is based on the intersection of SYMBOL(Himself), BTC.D, BTC and DXY indices. The resulting signals take values between 0 and 16. These values represent the strength of the signal, and the higher its numerical value, the stronger the signal. Here, 2 different calculation methods are followed for BTC and Altcoins. In BTC, calculations are made according to the direction of BTC Market value and DXY averages, while in Altcoins, calculations are made according to the direction of BTC, BTC.D and DXY averages. If DXY for BTC is trending downwards and the BTC market value is trending upwards, the BUY symbol is formed depending on the level at which the trend occurs. For altcoins, if DXY is trending down, BTC is trending up and BTC.D is trending down, the BUY symbol is formed depending on the level at which the trend occurs. For the SELL signal, the opposite is true.
Symbols are drawn according to standard ticker and OHLC4 values.
The averages of the 1-length RSI value of these symbols are taken as the 6-length SMA.
Symbols
The symbols are explained one by one below.
Orange Line: Bitcoin Marketcap line.
White Line: DXY line.
Red Line: Bitcoin Dominance line.
Aqua Line: Current Symbol line.
Best Use
This indicator should be used for SPOT trades. Regardless, since it is not possible to know exactly the direction of the market, it should be considered to buy gradually at buy signals and sell gradually at sell signals.
It should be followed for at least a 4-hour period. We do not recommend its use as the margin of error will increase in shorter time periods.
Since the signals are not guaranteed to work 100%, we do not recommend you to trade with all your money.
No Repainting
Repainting is definitely not done. After the symbols appear, the closing should be expected. Once the closing occurs, the symbol will now be permanent.
Disclaimer
This indicator is for informational purposes only and should be used for educational purposes only. You may lose money if you rely on this to trade without additional information. Use at your own risk.
Version
v1.0
Simple Risk-to-Reward Multiplier A simple R/R indicator that allows you to input your entry price and stop loss (in ticks). Then, your take profit levels are R-multipliers based on your stop loss. You can have up to 5 take profit levels on your chart. There is also a function to indicate if it is a long or short setup. You can also set alerts with this script, allowing you the ability not to have to stare at the charts all day.
(Envelopes)USS Enterprise1. This indicator is created for those who still believe in the functionality of moving averages. Indicator consists of several envelopes of moving averages and two separate averages. The selection of these moving averages is linked to Fibonacci theories and calculations.
2. The indicator shows moving averages (envelopes) of all market participants. From the smallest to the giants.
3. It should be noted that all averages are mainly calibrated to a 15-minute time frame. But I'm not saying that you can't use it on any TF. Because market is fractal.
Groups:
1. (YELLOW ENVELOPES) The first group are scalpers and big traders. Yellow envelope! This is the largest group of traders, but with the smallest capital on the market. Why did I choose this envelope? To show who is in control of the market. The average duration of holding the price of this envelope is 12-16 hours (in trend phase) and therefore it is suitable for intra-day trading. If the price closes below this envelope, we know that their strength was no longer sufficient. However, as long as these two yellow curves do not cross each other, we consider this group of traders to be still dominant/active and their weakening was only partial, for example, due to a pullback, or due to manipulation of the price of stronger players.
2. (LIGHT BLUE ENVELOPE) When I mentioned pullback. Understand it as the return of the price in the trend. But who is capable of these pullbacks in the trend? Our second group of traders. Institutions. (Light blue color). Only their amount of money can cause the price to return to their point of interest and that is the light blue envelope. The average ability to hold the trend of the institutions is something around 1-2 days. If the price closes with a slow decline/rise below this/above this envelope, we can expect that their strength is still large enough. However, if there are movements that seem to cut through this envelope, it is the first indication that the institutions are losing strength. If there is a crossover of any yellow average across both institutional ones, we can expect a much bigger pullback in the trend. This pullback is then again mainly under the control of the institutions (rejections from the light blue envelope.) But where can this pullback go? Another market participant will tell us that!
3. (DARK BLUE ENVELOPE) Market makers are another participant. Their task is to maintain balance on the market. This means that the market does not only go up or only down. That's what the envelope of market makers is for. This envelope is considered a trend defender. What makes it special. It can hold a trend even for days. We can consider the return to this envelope as a supply and demand strategy. In the trend, the price will come back here as a pullback and then rocket back into the original trend. I'll tell you what you probably guessed, yes, we are moving here at the EMA200 level. So if the institutional (light blue) traders lose their strength, believe me that the envelope of the market makers is a very likely stop! When does a trend change occur and not a pullback? If there is a crossing of the light blue average with the entire envelope of market makers. The next test from the other side of this envelope confirms the trend change.
4. Let's skip the black envelope for the moment.
5. (PURPLE ENVELOPE) Let's explain the purple envelope. It is the envelope of market makers and especially hedge funds. What do you think when the price closes below the EMA200 (originally a bull trend) and even tests it below? "We have a trend change now we definitely have a down trend!!!" Uhm. NOPE :D. That's their job. To show you what they want you to believe. What does this result in? Filling their large orders, which eventually means that you were caught and liquidated with your positions. By testing, you will find out how many times you thought there was a trend change, but after you see how the price reacts from the purple envelope, you will understand that until now you did not know at all when a general trend change occurs. When we talk about a trend change in the long term , occurs when the EMA200 (dark blue envelope) crosses this purple envelope. This purple envelope is able to keep the price trending for an average of 3 weeks.
Don't get caught that the trend change is when the price closes below the EMA200.Or "golden cross"
6. (BLACK ENVELOPE) Did we miss something though? So let's go back to the meaning of the black envelope. When you take a good look at the trend and notice all the envelopes lined up nicely and focus on the dark blue envelope and the purple envelope. Don't you feel like you're seeing Fibonacci's return? Or as if you see the price in the premium zone?.78%-88%. Yes, it's exactly this envelope. Sometimes market makers and funds are satisfied with the price in this envelope and are willing to continue buying or selling from this envelope. However, keep in mind, this can be a stop before testing the purple envelope - mostly the range is formed in this black envelope. Expect in such a case that they will test the purple envelope. Otherwise, take this envelope as a sign of a premium zone.
7. (ORANGE,TEAL and RED MA) The Orange,Teal and Red averages show a pure bank level. That is, our mentioned giants on the market. You will see for yourself on the market with what accuracy the banks return to these averages. You will see for yourself that trends really change only at these averages. You must have told yourself several times why and how patterns that resemble a letter are created in the market V or the letter A. Congratulations! Thanks to my indicator, you already know today! Because of these bank averages!!!
I wish you the best of luck with this indicator and hopefully it helps as many people as possible understand trends and how important simple lines can be! Which and how many envelopes or moving averages you will use is entirely up to you!
Warning: Everything published in this description or the functionality of this indicator serves only as educational content! Only YOU are responsible for all profits and losses!
Strategy SEMA SDI WebhookPurpose of the Code:
The strategy utilizes Exponential Moving Averages (EMA) and Smoothed Directional Indicators (SDI) to generate buy and sell signals. It includes features like leverage, take profit, stop loss, and trailing stops. The strategy is intended for backtesting and automating trades based on the specified indicators and conditions.
Key Components and Functionalities:
1.Strategy Settings:
Overlay: The strategy will overlay on the price chart.
Slippage: Set to 1.
Commission Value: Set to 0.035.
Default Quantity Type: Percent of equity.
Default Quantity Value: 50% of equity.
Initial Capital: Set to 1000 units.
Calculation on Order Fills: Enabled.
Process Orders on Close: Enabled.
2.Date and Time Filters:
Inputs for enabling/disabling start and end dates.
Filters to execute strategy only within specified date range.
3.Leverage and Quantity:
Leverage: Adjustable leverage input (default 3).
USD Percentage: Adjustable percentage of equity to use for trades (default 50%).
Initial Capital: Calculated based on leverage and percentage of equity.
4.Take Profit, Stop Loss, and Trailing Stop:
Inputs for enabling/disabling take profit, stop loss, and trailing stop.
Adjustable parameters for take profit percentage (default 25%), stop loss percentage (default 4.8%), and trailing stop percentage (default 1.9%).
Calculations for take profit, stop loss, trailing price, and maximum profit tracking.
5.EMA Calculations:
Fast and slow EMAs.
Smoothed versions of the fast and slow EMAs.
6.SDI Calculations:
Directional movement calculation for positive and negative directional indicators.
Difference between the positive and negative directional indicators, smoothed.
7.Buy/Sell Conditions:
Long (Buy) Condition: Positive DI is greater than negative DI, and fast EMA is greater than slow EMA.
Short (Sell) Condition: Negative DI is greater than positive DI, and fast EMA is less than slow EMA.
8.Strategy Execution:
If buy conditions are met, close any short positions and enter a long position.
If sell conditions are met, close any long positions and enter a short position.
Exit conditions for long and short positions based on take profit, stop loss, and trailing stop levels.
Close all positions if outside the specified date range.
Usage:
This strategy is used to automate trading based on the specified conditions involving EMAs and SDI. It allows backtesting to evaluate performance based on historical data. The strategy includes risk management through take profit, stop loss, and trailing stops to protect gains and limit losses. Traders can customize the parameters to fit their specific trading preferences and risk tolerance. Differently, it can perform leverage analysis and use it as a template.
By using this strategy, traders can systematically execute trades based on technical indicators, helping to remove emotional bias and improve consistency in trading decisions.
Important Note:
This script is provided for educational and template purposes and does not constitute financial advice. Traders and investors should conduct their research and analysis before making any trading decisions.
Parabolic SAR Waves [MMA]Parabolic SAR Waves
Description:
The "Parabolic SAR Waves " is an advanced version of the traditional Parabolic SAR indicator, customized for TradingView. This script incorporates dynamic acceleration factors and optional gradient coloration to enhance visual interpretation and utility for traders aiming to accurately capture trends and predict potential reversals.
Features:
- Dynamic Acceleration: Adjust the initial, incremental, and maximum values of the acceleration factor to suit various market conditions and trading preferences.
- Gradient Coloring: Use gradient colors to indicate the strength and stability of the trend, providing visual cues that are easy to interpret.
- Trend Visibility: The SAR dots are plotted directly on the price chart, making it easy to spot trend changes and maintain situational awareness.
- Overlay Feature: Designed to overlay directly on the price charts, allowing for seamless integration with other technical analysis tools.
Benefits:
- Trend Detection: Helps in identifying the beginning and potential reversal of trends, aiding in timely decision-making.
- Stop-Loss Management: Utilizes the positions of the SAR dots as dynamic stop-loss points, which helps in risk management.
- Visual Simplicity: Enhances the decision-making process through a straightforward visual representation of trend data.
Parameters:
- Acceleration Start (accel_start): The initial value for the acceleration, set to 0.02 by default.
- Acceleration Increment (accel_inc): The amount by which the acceleration increases, set to 0.005 by default.
- Acceleration Maximum (accel_max): The maximum limit of the acceleration factor, set to 0.1 by default.
- Use Gradient Colors (use_gradient): A boolean toggle to enable or disable gradient coloring, enabled by default.
Indicator Usage:
1. To apply, select this indicator from TradingView's indicator library.
2. Adjust the acceleration parameters based on your specific trading strategy and market analysis.
3. Interpret the indicator signals:
- Green SAR dots below the price bars indicate a bullish trend.
- Red SAR dots above the price bars signify a bearish trend.
- Gradient colors, if enabled, provide insights into the acceleration factor's intensity relative to trend strength.
Alerts:
- Bullish Reversal Alert: Issues a notification if there is a potential upward reversal when the trend shifts to bullish.
- Bearish Reversal Alert: Alerts when there's potential for a downward move as the trend turns bearish.
The "Parabolic SAR Waves " is a robust tool, ideal for traders who need precise, customizable trend-following capabilities that integrate seamlessly with other market analysis strategies. Enhance your trading with detailed trend insights and adaptive parameter controls.
20-day High BreakoutOverview:
The 20-day High Breakout Indicator is a very simple yet powerful tool designed for traders seeking to capitalize on significant price movements in the stock market. This indicator identifies potential buy and sell signals based on a stock's 20-day high breakout levels, making it an essential addition to your trading strategy.
Key Features:
Swing Period Input: Customize the swing period to your preferred number of days, with a default of 20 days, allowing flexibility based on your trading style.
Trailing Stop Level: Automatically calculates the trailing stop level based on the highest high and lowest low within the defined swing period, helping to manage risk and lock in profits.
Buy and Sell Signals: Generates clear buy signals when the price crosses above the trailing stop level and sell signals when the price crosses below, enabling timely entries and exits.
Visual Indicators: Plots buy signals as green upward triangles below the bars and sell signals as red downward triangles above the bars, providing easy-to-interpret visual cues directly on the chart.
How It Works:
Resistance and Support Levels: The indicator calculates the highest high (resistance) and lowest low (support) over the defined swing period.
Swing Direction: It determines the market direction by comparing the current closing price to the previous resistance and support levels.
Trailing Stop Calculation: Depending on the market direction, the trailing stop level is set to either the support or resistance level.
Signal Generation: Buy and sell signals are generated based on the crossover of the closing price and the trailing stop level, filtered to ensure only valid signals are displayed.
Visual Representation: The trailing stop level is plotted as a line, and buy/sell signals are marked with respective shapes for easy identification.
Usage:
Trend Following: Ideal for traders looking to follow trends and catch significant breakouts in the stock price.
Risk Management: Helps in managing risk by providing a trailing stop level that adjusts with market movements.
Visual Clarity: The clear visual signals make it easy for traders to interpret and act upon the indicator's signals.
Add the 20-day High Breakout Indicator to your TradingView charts to enhance your trading strategy and gain an edge in identifying profitable trading opportunities.
Inversion Fair Value Gaps [TradingFinder] IFVG ICT Signal| Alert🔵 Introduction
🟣 Inversion Fair Value Gap (IFVG)
An ICT Inversion Fair Value Gap, or reverse FVG, occurs when a fair value gap fails to hold its price, resulting in the price moving beyond and breaking the gap. This situation marks the initial change in price momentum.
Generally, prices respect fair value gaps and continue in their trend direction. However, when a fair value gap is breached, it transforms into an inversion fair value gap, signaling a potential short-term reversal or a subsequent change in direction.
🔵 How to Use
🟣 Identifying an Inversion Fair Value Gap
To spot an IFVG, you must first identify a fair value gap.
Inversion fair value gaps can be categorized into two types :
🟣 Bullish Inversion Fair Value Gap
A bullish IFVG occurs when a bearish fair value gap is invalidated by the price closing above it.
Steps to identify it :
Identify a bearish fair value gap.
When the price closes above this gap, it becomes a bullish inversion fair value gap.
This gap acts as a support level, pushing the price upwards and indicating a shift in momentum from sellers to buyers.
🟣 Bearish Inversion Fair Value Gap
A bearish IFVG happens when a bullish fair value gap fails, with the price closing below it.
Steps to identify it :
Identify a bullish fair value gap.
When the price closes below this gap, it becomes a bearish inversion fair value gap.
This gap acts as a resistance level, pushing the price downwards and indicating a shift in momentum from buyers to sellers.
🔵 Settings
🟣 Global Settings
Show All Inversion FVG: If disabled, only the most recent FVG will be displayed.
IFVG Validity Period (Bar): Determines the maximum duration (in number of candles) that the FVG and IFVG remain valid.Switching Colors Theme Mode: Includes three modes: "Off", "Light", and "Dark". "Light" mode adjusts colors for light mode use, "Dark" mode adjusts colors for dark mode use, and "Off" disables color adjustments.
🟣 Logic Settings
FVG Filter : This refines the number of identified FVG areas based on a specified algorithm to focus on higher quality signals and reduce noise.
Types of FVG filters :
Very Aggressive Filter : Adds a condition where, for an upward FVG, the last candle's highest price must exceed the middle candle's highest price, and for a downward FVG, the last candle's lowest price must be lower than the middle candle's lowest price. This minimally filters out FVGs.
Aggressive Filte r: Builds on the Very Aggressive mode by ensuring the middle candle is not too small, filtering out more FVGs.
Defensive Filter : Adds criteria regarding the size and structure of the middle candle, requiring it to have a substantial body and specific polarity conditions, filtering out a significant number of FVGs.
Very Defensive Filter : Further refines filtering by ensuring the first and third candles are not small-bodied doji candles, retaining only the highest quality signals.
Mitigation Level FVG and IFVG : Options include "Proximal", "Distal", or "50 % OB" modes, which you can choose based on your needs. The "50 % OB" line is the midpoint between distal and proximal.
🟣 Display Settings
Show Bullish IFVG : Toggles the display of demand-related boxes.
Show Bearish IFVG : Toggles the display of supply-related boxes.
🟣 Alert Settings
Alert Inversion FVG Mitigation : Enables alerts for Inversion FVG mitigation.
Message Frequency : Determines the frequency of alerts. Options include 'All' (every function call), 'Once Per Bar' (first call within the bar), and 'Once Per Bar Close' (final script execution of the real-time bar). Default is 'Once per Bar'.
Show Alert Time by Time Zone : Configures the time zone for alert messages. Default is 'UTC'.
Display More Info : Provides additional details in alert messages, including price range, date, hour, and minute. Set to 'Off' to exclude this information.
ICT Killzones and Sessions W/ Silver Bullet + MacrosForex and Equity Session Tracker with Killzones, Silver Bullet, and Macro Times
This Pine Script indicator is a comprehensive timekeeping tool designed specifically for ICT traders using any time-based strategy. It helps you visualize and keep track of forex and equity session times, kill zones, macro times, and silver bullet hours.
Features:
Session and Killzone Lines:
Green: London Open (LO)
White: New York (NY)
Orange: Australian (AU)
Purple: Asian (AS)
Includes AM and PM session markers.
Dotted/Striped Lines indicate overlapping kill zones within the session timeline.
Customization Options:
Display sessions and killzones in collapsed or full view.
Hide specific sessions or killzones based on your preferences.
Customize colors, texts, and sizes.
Option to hide drawings older than the current day.
Automatic Updates:
The indicator draws all lines and boxes at the start of a new day.
Automatically adjusts time-based boxes according to the New York timezone.
Killzone Time Windows (for indices):
London KZ: 02:00 - 05:00
New York AM KZ: 07:00 - 10:00
New York PM KZ: 13:30 - 16:00
Silver Bullet Times:
03:00 - 04:00
10:00 - 11:00
14:00 - 15:00
Macro Times:
02:33 - 03:00
04:03 - 04:30
08:50 - 09:10
09:50 - 10:10
10:50 - 11:10
11:50 - 12:50
Latest Update:
January 15:
Added option to automatically change text coloring based on the chart.
Included additional optional macro times per user request:
12:50 - 13:10
13:50 - 14:15
14:50 - 15:10
15:50 - 16:15
Usage:
To maximize your experience, minimize the pane where the script is drawn. This minimizes distractions while keeping the essential time markers visible. The script is designed to help traders by clearly annotating key trading periods without overwhelming their charts.
Originality and Justification:
This indicator uniquely integrates various time-based strategies essential for ICT traders. Unlike other indicators, it consolidates session times, kill zones, macro times, and silver bullet hours into one comprehensive tool. This allows traders to have a clear and organized view of critical trading periods, facilitating better decision-making.
Credits:
This script incorporates open-source elements with significant improvements to enhance functionality and user experience.
Forex and Equity Session Tracker with Killzones, Silver Bullet, and Macro Times
This Pine Script indicator is a comprehensive timekeeping tool designed specifically for ICT traders using any time-based strategy. It helps you visualize and keep track of forex and equity session times, kill zones, macro times, and silver bullet hours.
Features:
Session and Killzone Lines:
Green: London Open (LO)
White: New York (NY)
Orange: Australian (AU)
Purple: Asian (AS)
Includes AM and PM session markers.
Dotted/Striped Lines indicate overlapping kill zones within the session timeline.
Customization Options:
Display sessions and killzones in collapsed or full view.
Hide specific sessions or killzones based on your preferences.
Customize colors, texts, and sizes.
Option to hide drawings older than the current day.
Automatic Updates:
The indicator draws all lines and boxes at the start of a new day.
Automatically adjusts time-based boxes according to the New York timezone.
Killzone Time Windows (for indices):
London KZ: 02:00 - 05:00
New York AM KZ: 07:00 - 10:00
New York PM KZ: 13:30 - 16:00
Silver Bullet Times:
03:00 - 04:00
10:00 - 11:00
14:00 - 15:00
Macro Times:
02:33 - 03:00
04:03 - 04:30
08:50 - 09:10
09:50 - 10:10
10:50 - 11:10
11:50 - 12:50
Latest Update:
January 15:
Added option to automatically change text coloring based on the chart.
Included additional optional macro times per user request:
12:50 - 13:10
13:50 - 14:15
14:50 - 15:10
15:50 - 16:15
ICT Sessions and Kill Zones
What They Are:
ICT Sessions: These are specific times during the trading day when market activity is expected to be higher, such as the London Open, New York Open, and the Asian session.
Kill Zones: These are specific time windows within these sessions where the probability of significant price movements is higher. For example, the New York AM Kill Zone is typically from 8:30 AM to 11:00 AM EST.
How to Use Them:
Identify the Session: Determine which trading session you are in (London, New York, or Asian).
Focus on Kill Zones: Within that session, focus on the kill zones for potential trade setups. For instance, during the New York session, look for setups between 8:30 AM and 11:00 AM EST.
Silver Bullets
What They Are:
Silver Bullets: These are specific, high-probability trade setups that occur within the kill zones. They are designed to be "one shot, one kill" trades, meaning they aim for precise and effective entries and exits.
How to Use Them:
Time-Based Setup: Look for these setups within the designated kill zones. For example, between 10:00 AM and 11:00 AM for the New York AM session .
Chart Analysis: Start with higher time frames like the 15-minute chart and then refine down to 5-minute and 1-minute charts to identify imbalances or specific patterns .
Macros
What They Are:
Macros: These are broader market conditions and trends that influence your trading decisions. They include understanding the overall market direction, seasonal tendencies, and the Commitment of Traders (COT) reports.
How to Use Them:
Understand Market Conditions: Be aware of the macroeconomic factors and market conditions that could affect price movements.
Seasonal Tendencies: Know the seasonal patterns that might influence the market direction.
COT Reports: Use the Commitment of Traders reports to understand the positioning of large traders and commercial hedgers .
Putting It All Together
Preparation: Understand the macro conditions and review the COT reports.
Session and Kill Zone: Identify the trading session and focus on the kill zones.
Silver Bullet Setup: Look for high-probability setups within the kill zones using refined chart analysis.
Execution: Execute the trade with precision, aiming for a "one shot, one kill" outcome.
By following these steps, you can effectively use ICT sessions, kill zones, silver bullets, and macros to enhance your trading strategy.
Usage:
To maximize your experience, shrink the pane where the script is drawn. This minimizes distractions while keeping the essential time markers visible. The script is designed to help traders by clearly annotating key trading periods without overwhelming their charts.
Originality and Justification:
This indicator uniquely integrates various time-based strategies essential for ICT traders. Unlike other indicators, it consolidates session times, kill zones, macro times, and silver bullet hours into one comprehensive tool. This allows traders to have a clear and organized view of critical trading periods, facilitating better decision-making.
Credits:
This script incorporates open-source elements with significant improvements to enhance functionality and user experience. All credit goes to itradesize for the SB + Macro boxes
Order Blocks & Breaker Blocks [TradingFinder] Signals + Alerts🔵 Introduction
Order Block and Breaker Block, are powerful tools in technical analysis. By understanding these concepts, traders can enhance their ability to predict potential price reversals and continuations, leading to more effective trading strategies.
Using historical price action, volume analysis, and candlestick patterns, traders can identify key areas where institutional activities influence market movements.
🟣 Demand Order Block and Supply Breaker Block
Demand Order Block : A Demand Order Block is formed when the price succeeds in breaking the previous high pivot.
Supply Breaker Block : A Supply Breaker Block is formed when the price succeeds in breaking the Demand Order Block. As a result, the Order Block changes its role and turns from the role of price support to resistance.
🟣 Supply Order Block and Demand Breaker Block
Supply Order Block : A Supply Order Block is formed when the price succeeds in breaking the previous low pivot.
Demand Breaker Block : A Demand Breaker Block is formed when the price succeeds in breaking the Supply Order Block. As a result, the Order Block changes its role and turns from the role of price resistance to support.
🔵 How to Use
🟣 Order Blocks (Supply and Demand)
Order blocks are zones where the likelihood of a price reversal is higher. In demand zones, buying opportunities arise, while in supply zones, selling opportunities can be explored.
The "Refinement" feature allows you to adjust the width of the order block to fit your trading strategy. There are two modes in the "Order Block Refine" feature: "Aggressive" and "Defensive." The primary difference between these modes is the width of the order block.
For risk-averse traders, the "Defensive" mode is ideal as it offers a lower loss limit and a higher reward-to-risk ratio.
Conversely, for traders who are willing to take more risks, the "Aggressive" mode is more suitable. This mode, with its wider order block width, caters to those who prefer entering trades at higher prices.
🟣 Breaker Blocks (Supply and Demand)
Trading based on breaker blocks is the same as order blocks and the price in these zones is likely to be reversed.
🔵 Setting
🟣 Global Setting
Pivot Period of Order Blocks Detector : Enter the desired pivot period to identify the Order Block.
Order Block Validity Period (Bar) : You can specify the maximum time the Order Block remains valid based on the number of candles from the origin.
Mitigation Level Order Block : Determining the basic level of a Order Block. When the price hits the basic level, the Order Block due to mitigation.
Mitigation Level Breaker Block : Determining the basic level of a Breaker Block. When the price hits the basic level, the Breaker Block due to mitigation.
Switching Colors Theme Mode : Three modes "Off", "Light" and "Dark" are included in this parameter. "Light" mode is for color adjustment for use in "Light Mode".
"Dark" mode is for color adjustment for use in "Dark Mode" and "Off" mode turns off the color adjustment function and the input color to the function is the same as the output color.
🟣 Order Block Display
Show All Order Block : If it is turned off, only the last Order Block will be displayed.
Demand Main Order Block : Show or not show and specify color.
Demand Sub (Propulsion & BoS Origin) Order Block : Show or not show and specify color.
Supply Main Order Block : Show or not show and specify color.
Supply Sub (Propulsion & BoS Origin) Order Block : Show or not show and specify color.
🟣 Breaker Block Display
Show All Breaker Block : If it is turned off, only the last Breaker Block will be displayed.
Demand Main Breaker Block : Show or not show and specify color.
Demand Sub (Propulsion & BoS Origin) Breaker Block : Show or not show and specify color.
Supply Main Breaker Block : Show or not show and specify color.
Supply Sub (Propulsion & BoS Origin) Breaker Block : Show or not show and specify color.
🟣 Order Block Refinement
Refine Order Blocks : Enable or disable the refinement feature. Mode selection.
🟣 Alert
Alert Name : The name of the alert you receive.
Alert Demand OB Mitigation :
On / Off
Alert Demand BB Mitigation :
On / Off
Alert Supply OB Mitigation :
On / Off
Alert Supply BB Mitigation :
On / Off
Message Frequency :
This string parameter defines the announcement frequency. Choices include: "All" (activates the alert every time the function is called), "Once Per Bar" (activates the alert only on the first call within the bar), and "Once Per Bar Close" (the alert is activated only by a call at the last script execution of the real-time bar upon closing). The default setting is "Once per Bar".
Show Alert Time by Time Zone :
The date, hour, and minute you receive in alert messages can be based on any time zone you choose. For example, if you want New York time, you should enter "UTC-4". This input is set to the time zone "UTC" by default.
Display More Info :
Displays information about the price range of the order blocks (Zone Price) and the date, hour, and minute under "Display More Info".
If you do not want this information to appear in the received message along with the alert, you should set it to "Off".
TradeTale 1 Min Nifty/Banknifty/Crypto F&O ScalperThis script explains how 'MACD' along with Avg of Simple Moving Averages can be used to catch trend.
Simple Moving Average (MA):-
A simple moving average (SMA) is used in technical analysis, used to help smooth out price data by creating a constantly updated average price. A rising moving average indicates that the security is in an uptrend, while a declining moving average indicates a downtrend. here in this indicator we have used average of various SMA's.
Moving Average Convergence/Divergence (MACD):-
MACD is a technical indicator to identify price trends, measure trend momentum, and identify market entry points for bullish or bearish trend. Moving average convergence/divergence (MACD) is a trend-following momentum indicator that shows the relationship between two exponential moving averages (EMAs) of a security’s price. MACD traditional default settings is 26/12/9. Where MACD line is calculated by subtracting the 26 period exponential moving average (EMA) from the 12 period EMA and the signal line is a 9 period EMA of the MACD line. But in this indicator we have used modified values of MACD.
Logic of this indicator:-
Long signals when MACD is in Uptrend and is above Avg of SMA's. (also other calculations are used)
Short signals when MACD is in Downtrend and is below Avg of SMA's. (also other calculations are used)
How to Use:-
Long: when Long appears + Bullish Candles + price above Avg SMA Line. (Bullish Entry/ Bear Exit)
Short: when Short appears + Bearish Candles + price below Avg SMA Line. (Bearish Entry/ Bull Exit)
Chart Timeframe:-
Scalping on 1 Minute Chart. But this Indicator works on all timeframes.
Traders should set stop loss and take profit levels as per risk reward ratio.
Note:
- Hide the actual candles for better view from chart setting.
- User can also adjust the sensitivity of the indicator from the setting. Default value is "3"
Like other technical indicators, This indicator also is not a holy grail. It can only assist you in building a good strategy. You can only succeed with proper position sizing, risk management and following correct trading Psychology (No overtrade, No greed, No revenge trade etc).
THIS INDICATOR IS FOR EDUCATIONAL PURPOSE AND PAPER TRADING ONLY. YOU MAY PAPER TRADE TO GAIN CONFIDENCE AND BUILD FURTHER ON THESE. PLEASE CONSULT YOUR FINANCIAL ADVISOR BEFORE INVESTING. WE ARE NOT SEBI REGISTERED.
Hope you all like it
happy learning.
FVG & IFVG ICT [TradingFinder] Inversion Fair Value Gap Signal🔵 Introduction
🟣 Fair Value Gap (FVG)
To spot a Fair Value Gap (FVG) on a chart, you need to perform a detailed candle-by-candle analysis.
Here’s the process :
Focus on Candles with Large Bodies : Identify a candle with a substantial body and examine it alongside the preceding candle.
Check Surrounding Candles : The candles immediately before and after the central candle should have long shadows.
Ensure No Overlap : The bodies of the candles before and after the central candle should not overlap with the body of the central candle.
Determine the FVG Range : The gap between the shadows of the first and third candles forms the FVG range.
🟣 ICT Inversion Fair Value Gap (IFVG)
An ICT Inversion Fair Value Gap, also known as a reverse FVG, is a failed fair value gap where the price does not respect the gap. An IFVG forms when a fair value gap fails to hold the price and the price moves beyond it, breaking the fair value gap.
This marks the initial shift in price momentum. Typically, when the price moves in one direction, it respects the fair value gaps and continues its trend.
However, if a fair value gap is violated, it acts as an inversion fair value gap, indicating the first change in price momentum, potentially leading to a short-term reversal or a subsequent change in direction.
🟣 Bullish Inversion Fair Value Gap (Bullish IFVG)
🟣 Bearish Inversion Fair Value Gap (Bearish IFVG)
🔵 How to Use
🟣 Identify an Inversion Fair Value Gap
To identify an IFVG, you first need to recognize a fair value gap. Just as fair value gaps come in two types, inversion fair value gaps also fall into two categories:
🟣 Bullish Inversion Fair Value Gap
A bullish IFVG is essentially a bearish fair value gap that is invalidated by the price closing above it.
Here’s how to identify it :
Identify a bearish fair value gap.
When the price closes above this bearish fair value gap, it transforms into a bullish inversion fair value gap.
This gap acts as support for the price and drives it upwards, indicating a reduction in sellers' strength and an initial shift in momentum towards buyers.
🟣 Bearish Inversion Fair Value Gap
A bearish IFVG is primarily a bullish fair value gap that fails to hold the price, with the price closing below it.
Here’s how to identify it :
Identify a bullish fair value gap.
When the price closes below this gap, it becomes a bearish inversion fair value gap.
This gap acts as resistance for the price, pushing it downwards. A bearish inversion fair value gap signifies a decrease in buyers' momentum and an increase in sellers' strength.
🔵 Setting
🟣 Global Setting
Show All FVG : If it is turned off, only the last FVG will be displayed.
S how All Inversion FVG : If it is turned off, only the last FVG will be displayed.
FVG and IFVG Validity Period (Bar) : You can specify the maximum time the FVG and the IFVG remains valid based on the number of candles from the origin.
Switching Colors Theme Mode : Three modes "Off", "Light" and "Dark" are included in this parameter. "Light" mode is for color adjustment for use in "Light Mode".
"Dark" mode is for color adjustment for use in "Dark Mode" and "Off" mode turns off the color adjustment function and the input color to the function is the same as the output color.
🟣 Logic Setting
FVG Filter
When utilizing FVG filtering, the number of identified FVG areas undergoes refinement based on a specified algorithm. This process helps to focus on higher quality signals and eliminate noise.
Here are the types of FVG filters available :
Very Aggressive Filter : Introduces an additional condition to the initial criteria. For an upward FVG, the highest price of the last candle must exceed the highest price of the middle candle. Similarly, for a downward FVG, the lowest price of the last candle should be lower than the lowest price of the middle candle. This mode minimally filters out FVGs.
Aggressive Filter : Builds upon the Very Aggressive mode by considering the size of the middle candle. It ensures the middle candle is not too small, thereby eliminating more FVGs compared to the Very Aggressive mode.
Defensive Filter : In addition to the conditions of the Very Aggressive mode, the Defensive mode incorporates criteria regarding the size and structure of the middle candle. It requires the middle candle to have a substantial body, with specific polarity conditions for the second and third candles relative to the first candle's direction. This mode filters out a significant number of FVGs, focusing on higher-quality signals.
Very Defensive Filter : Further refines filtering by adding conditions that the first and third candles should not be small-bodied doji candles. This stringent mode eliminates the majority of FVGs, retaining only the highest quality signals.
Mitigation Level FVG and IFVG : Its inputs are one of "Proximal", "Distal" or "50 % OB" modes, which you can enter according to your needs. The "50 % OB" line is the middle line between distal and proximal.
🟣 Display Setting
Show Bullish FVG : Enables the display of demand-related boxes, which can be toggled on or off.
Show Bearish FVG : Enables the display of supply-related boxes along the path, which can also be toggled on or off.
Show Bullish IFVG : Enables the display of demand-related boxes, which can be toggled on or off.
Show Bearish IFVG : Enables the display of supply-related boxes along the path, which can also be toggled on or off.
🟣 Alert Setting
Alert FVG Mitigation : If you want to receive the alert about FVG's mitigation after setting the alerts, leave this tick on. Otherwise, turn it off.
Alert Inversion FVG Mitigation : If you want to receive the alert about Inversion FVG's mitigation after setting the alerts, leave this tick on. Otherwise, turn it off.
Message Frequency : This parameter, represented as a string, determines the frequency of announcements. Options include: 'All' (triggers the alert every time the function is called), 'Once Per Bar' (triggers the alert only on the first call within the bar), and 'Once Per Bar Close' (activates the alert only during the final script execution of the real-time bar upon closure). The default setting is 'Once per Bar'.
Show Alert time by Time Zone : The date, hour, and minute displayed in alert messages can be configured to reflect any chosen time zone. For instance, if you prefer London time, you should input 'UTC+1'. By default, this input is configured to the 'UTC' time zone.
Display More Info : The 'Display More Info' option provides details regarding the price range of the order blocks (Zone Price), along with the date, hour, and minute. If you prefer not to include this information in the alert message, you should set it to 'Off'.
Exponential Smoothing FilterThe digital exponential filter, in finance known as Exponential Moving Average (EMA) , can be used as a technical indicator for chart analysis to visualize uptrends and downtrends in the market. Unlike the classic simple moving average, the EMA requires only two values for its calculation: the last calculated exponential average price and the current price. This is a simple and fast calculation - even for wide smoothing windows. For further details and the math please refer to the "exponential smoothing" article on Wikipedia.
Here are some additional key points about the exponential moving average:
The EMA can react more quickly to price changes because it can give more weight to current prices - depending on your parameter settings.
Short-term, disruptive price fluctuations are smoothed out well, making prevailing trends more visible.
Despite good smoothing properties, it delays the input values slightly, so it can follow sudden trend changes well.
The EMA is well suited to dynamic markets and trading strategies.
The filter is a good basis for further processing such as gradient analysis.
How to use
When you add the script to your charts, you'll immediately see a thin orange line across your time series, smoothing out price fluctuations.
There are only two parameters to set
smoothing factor between 0.0000 = no smoothing and 0.9999 = strong smoothing
input source : open, high, low, close hl2, etc.
Chart output
In the example chart above, you can see that the orange line follows the highs and lows better than the blue line , which is a simple moving average (SMA).
Additionally, the orange line has a shorter lag, or reacts faster when the trend of the original price data suddenly changes. These characteristics are critical for buying and selling decisions: quickly reacting and tracking highs and lows while providing a smooth line that filters out distracting noise.
Bullish Wave StructureThis indicator visualizes bullish waves and the uptrend structure. It highlights the wave patterns, breakout levels, and swing highs and lows, distinguishing major and minor swings. The script also incorporates labels to denote trend and wave numbers, enhancing clarity in trend and wave identification. The waves plotted on the chart aid in chart study, trend analysis, and decision-making. Drawing objects on the chart are customizable.
## Fundamental Trend Assumptions
A trend starts when there is a break above a major swing high. There is then a first wave.
Subsequent waves are validated when there is a break above the high of the preceding wave and another major swing high is detected.
The trend ends when the price trades below the swing low of the latest wave.
## Wave drawing mechanism
The drawing of a wave occurs when:
There is a break above a major swing high (or the high of a wave) and another major swing high is detected.
There is a break above a major swing high (or the high of a wave) and the price collapses below the lowest point between the highest high and the high of the previous wave. The script treats this false break high as a legitimate bullish wave, even if no major swing high has been detected. The trend ends because the low of the current wave has been breached. This is a false break high that falls back within the range of the preceding wave.
There is a break above a major swing high (or the high of a wave) and the price collapses below the low of the preceding wave. The script treats this false break high as a legitimate bullish wave, even if no major swing high has been detected. The trend ends because the low of the preceding wave has been breached. This is a false break high followed by a sharp sell-off.
In short, the script draws the wave if there is a break above a major swing high (or the high of a wave) and another swing high is detected (or there is a break below the low of a wave).
## Remarks
While lower timeframes could benefit from this indicator, it shows clearer wave and trend structures in higher timeframes, starting from the 1H chart.
This indicator does not provide price projections. The drawing occurs after the price patterns have been unveiled. In other words, it draws waves and performs labeling in hindsight. However, users can fully benefit from the indicator for trend study and various technical analyses to support trading decisions, as explained in the description above.
## Acknowledgement
The script uses user-defined functions to look back and find indexes of the highest and lowest values when no swings have been found (i.e., one-bar false break high and collapse). The detection of regular minor and major swings has been accomplished by the built-in functions:
ta.pivothigh() [Pine Script Language Reference Manual — TradingView (www.tradingview.com)
ta.pivotlow() [Pine Script Language Reference Manual — TradingView (www.tradingview.com)
Option Pair ZigzagOptions Pair Zigzag:
Though we can split the chart window and view multiple charts, this indicator is useful when we view options charts.
How this indicator works:
The indicator works in non-overlay mode.
The indicator will find other option pair symbol and load it’s chart in indicator window. It will also draw a zigzag on both the charts. It will also fetch the SPOT symbol and display SPOT Close price of latest candle.
Useful information:
A. Support resistance: Higher High (HH) and Lower Low (LL) markings can be treated as strong support and or resistance and LH, HL markings can be treated as weak support and or resistance.
B. Trend identification: Easy identification of trend based on trend lines and trend markings i.e. Higher High (HH), Lower Low (LL), Lower High (LH), Higher Low (HL)
C. Use of Rate of change (ROC )– Labels drawn on swing points are equipped with ROC% between swing points. ROC% between Call and Put option charts can be compared and used to identify strong and weak moves.
Example:
1. User loads a call option chart of ‘NIFTY240620C23500’ (NIFTY 50 INDEX OPTIONS 20 JUN 2024 CALL 23500)
2. Since user has selected CALL Option, Indicator rules/logic will find PUT Option symbol of same strike and expiry
3. PUT Option chart would then shown in the indicator window
4. Draw zigzag on both the charts
5. Plot labels on both the charts
6. Labels are equipped with a tooltip showing rate of change between 2 pivot points
Input Parameters:
Left bars – Parameter required for plotting zigzag
Right bars – Parameter required for plotting zigzag
Plot HHLL Labels – Enable/disable plotting of labels
Use cases:
Refer to chart snapshots:
1. Buy Call Option or Sell Put Option - How one can trade on formation of a consolidation range
2. Breakdown of Swing structure - One can observe Swing structure (Zigzag) formed on a SPOT chart and trade on break of swing structure
3. Triangle formation - Observe the patterns formed on the SPOT chart and trade either Call or Put options. Example snapshot shows trade based on triangle pattern
Chart Snapshot:
One can split chart window and load base symbol chart which will help to review bases symbol and options chart at the same time.
Buy Call Option or Sell Put Option
Breakdown of Swing structure
Triangle formation
Market Structures + ZigZag [TradingFinder] CHoCH/BOS - MSS/MSB🟣 Introduction
🔵 Market Structure
Grasping market structure entails examining market behavior. Essentially, market structure refers to the formation and progression of the market within its trends.
Market structures are generally fractal and nested, leading us to classify them into internal (minor) and external (major) structures. There are several definitions of market structure, with differing perspectives such as Smart Money and ICT offering their own interpretations.
🔵 Zig Zag
The Zigzag indicator is a lagging tool that identifies points on a price chart where significant changes occur compared to the previous wave. By connecting these points, it helps traders detect trends.
This indicator minimizes random price fluctuations, aiming to clarify the primary price trend.
Pivots are points on a price chart where the direction changes. Also known as reversal points, pivots form when supply and demand forces overpower one another.
There are various types of technical analysis pivots, which can be divided into two categories: minor pivots and major pivots, each with distinct significance in analysis.
Major Pivot : These pivots signify substantial changes in the chart's direction and occur at the end of trends. Analysts focusing on primary analysis prioritize major pivot points. In fact, most technical analysis tools are evaluated and based on major pivots.
Minor Pivot : These pivots highlight smaller, subsidiary points and directions, appearing at the end of corrections. Analysts who focus on minor pivots represent small trends. It's important to note that minor pivots are not suitable for use in primary technical tools.
Identifying Minor and Major Pivots :
Minor pivots are formed between two major pivots and do not break the opposing major pivot. (Internal Pivot)
Major pivots are those that either successfully break the opposing pivot or move beyond the previous pivot of the same type. (External Pivot)
🟣 How to Use
🔵 Identifying Break of Structure (BOS)
In a given trend, such as a downtrend, a Break of Structure occurs when the price drops below the previous low and forms a new low (LL). In an uptrend, a BOS (MSB) happens when the price rises and exceeds the last high.
To confirm a trend, at least one BOS is required. The break above or below the previous high or low must be validated by the closing of at least one candle beyond that level.
🔵 Identifying Change of Character (CHOCH)
Change of Character (CHOCH) is an essential concept in market structure analysis, indicating a trend change. In other words, a trend concludes with a CHOCH (MSS). For example, in a downtrend, the price declines with BOS.
While BOS highlights the trend's strength, a CHOCH occurs when the price rises and surpasses the last high, signaling a transition from a downtrend to an uptrend.
This does not imply immediately entering a buy trade; instead, it is prudent to wait for a BOS in the upward direction to confirm the uptrend.
Unlike BOS, confirming a CHOCH does not require a candle to close; simply breaking above or below the previous high or low with the candle's wick is sufficient. The following examples illustrate bearish and bullish CHOCH.
Terms :
Market Structure Shift = MSS
Market Structure Break = MSB
🔵 Zig Zag
Based on identifying pivots and drawing zigzag lines, you can have different uses of this indicator.
Including :
Identifying pivot types along with major and minor recognition.
Identifying internal and external breakouts.
Identifying support and resistance levels.
Identifying Elliott Waves.
Identifying classic patterns.
Identifying pivots with higher validity.
Identifying trends and range areas.
🟣 Settings
Pivot Period Market Structure and ZigZag Line: Using this input, you can determine the pivot period for identifying swings.
Through the settings, you can customize the display, visibility, and color of each line as desired.
Asset Drawdown & Drawdown HeatMap [InvestorUnknown]Overview
The "Asset Drawdown & Drawdown HeatMap" indicator is designed for educational purposes to help users visualize and analyze the drawdowns of various assets. It highlights both recent and historical drawdowns, offering valuable insights into the performance and risk of different investments. Additionally, it can serve as a complementary analysis tool for trading and investing decisions.
Features
Drawdown Calculation:
Computes the drawdown from the highest value (ATH) to the current value, showing the percentage decline.
Displays both the current drawdown and the maximum historical drawdown for the selected assets.
HeatMap Visualization:
Uses a gradient color scheme to represent the magnitude of drawdowns over a specified lookback period.
Helps identify periods of significant decline and recovery visually.
Multiple Assets:
Supports up to 10 different assets (adding more would make it harder to see the drawdowns of different assets), allowing users to compare drawdowns across various symbols.
Each asset can be individually plotted and color-coded for clarity.
Customizable Settings:
User inputs for high and low value calculations, color preferences, and lookback periods.
Option to color bars based on the drawdown heatmap.
Detailed Functionality
Drawdown Calculation:
The DD() function calculates the current drawdown and the maximum historical drawdown based on the high and low values.
The drawdown is calculated as 100 - (lowvalue / ATH * 100), where ATH is the highest value observed so far.
// - - - - - Custom Function - - - - - //{
DD() =>
ATH = highvalue
ATH := na(ATH ) ? highvalue : math.max(highvalue, ATH )
Drawdown = 100 - lowvalue / ATH * 100
MaxDrawdown = Drawdown
MaxDrawdown := na(MaxDrawdown ) ? Drawdown : math.max(Drawdown, MaxDrawdown )
//}
Security Request:
Uses the request.security() function to fetch drawdown data for each specified asset on a daily timeframe.
Computes both current drawdown (TnDD) and maximum drawdown (TnMDD) for each asset.
// - - - - - Create Variables - - - - - //{
= request.security("", "1D", DD()) // Chart
= request.security(t1, "1D", DD())
= request.security(t2, "1D", DD())
= request.security(t3, "1D", DD())
= request.security(t4, "1D", DD())
= request.security(t5, "1D", DD())
= request.security(t6, "1D", DD())
= request.security(t7, "1D", DD())
= request.security(t8, "1D", DD())
= request.security(t9, "1D", DD())
= request.security(t10, "1D", DD())
//}
Plotting:
Plots the drawdown values for each asset on the chart, with the option to enable or disable plotting for individual assets.
Colors the plotted lines and labels based on user-specified preferences.
HeatMap:
Creates a heatmap color gradient based on the drawdown values over the lookback period.
Colors the bars on the chart according to the heatmap to visualize drawdown severity over time.
// - - - - - HeatMap - - - - - //{
heatcol = color.from_gradient(T0DD, ta.lowest(T0DD,lookback), ta.highest(T0DD,lookback), topcol, botcol)
barcolor(colbars ? heatcol : na)
//}
Labels:
Displays labels for each asset's drawdown value at the end of the chart for quick reference.
This indicator is an excellent tool for educational purposes, helping users understand drawdown dynamics and their implications on asset performance. It also provides a visual aid for monitoring and comparing drawdowns across multiple assets, which can be beneficial for making informed trading and investment decisions.
KillZones + ACD Fisher [TradingFinder] Sessions + Reversal Level🔵 Introduction
🟣 ACD Method
"The Logical Trader" opens with a thorough exploration of the ACD Methodology, which focuses on pinpointing particular price levels associated with the opening range.
This approach enables traders to establish reference points for their trades, using "A" and "C" points as entry markers. Additionally, the book covers the concept of the "Pivot Range" and how integrating it with the ACD method can help maximize position size while minimizing risk.
🟣 Session
The forex market is operational 24 hours a day, five days a week, closing only on Saturdays and Sundays. Typically, traders prefer to concentrate on one specific forex trading session rather than attempting to trade around the clock.
Trading sessions are defined time periods when a particular financial market is active, allowing for the execution of trades.
The most crucial trading sessions within the 24-hour cycle are the Asia, London, and New York sessions, as these are when substantial money flows and liquidity enter the market.
🟣 Kill Zone
Traders in financial markets earn profits by capitalizing on the difference between their buy/sell prices and the prevailing market prices.
Traders vary in their trading timelines.Some traders engage in daily or even hourly trading, necessitating activity during periods with optimal trading volumes and notable price movements.
Kill zones refer to parts of a session characterized by higher trading volumes and increased price volatility compared to the rest of the session.
🔵 How to Use
🟣 Session Times
The "Asia Session" comprises two parts: "Sydney" and "Tokyo." This session begins at 23:00 and ends at 06:00 UTC. The "Asia KillZone" starts at 23:00 and ends at 03:55 UTC.
The "London Session" includes "Frankfurt" and "London," starting at 07:00 and ending at 14:25 UTC. The "London KillZone" runs from 07:00 to 09:55 UTC.
The "New York" session starts at 14:30 and ends at 19:25 UTC, with the "New York am KillZone" beginning at 14:30 and ending at 22:55 UTC.
🟣 ACD Methodology
The ACD strategy is versatile, applicable to various markets such as stocks, commodities, and forex, providing clear buy and sell signals to set price targets and stop losses.
This strategy operates on the premise that the opening range of trades holds statistical significance daily, suggesting that initial market movements impact the market's behavior throughout the day.
Known as a breakout strategy, the ACD method thrives in volatile or strongly trending markets like crude oil and stocks.
Some key rules for employing the ACD strategy include :
Utilize points A and C as critical reference points, continually monitoring these during trades as they act as entry and exit markers.
Analyze daily and multi-day pivot ranges to understand market trends. Prices above the pivots indicate an upward trend, while prices below signal a downward trend.
In forex trading, the ACD strategy can be implemented using the ACD indicator, a technical tool that gauges the market's supply and demand balance. By evaluating trading volume and price, this indicator assists traders in identifying trend strength and optimal entry and exit points.
To effectively use the ACD indicator, consider the following :
Identifying robust trends: The ACD indicator can help pinpoint strong, consistent market trends.
Determining entry and exit points: ACD generates buy and sell signals to optimize trade timing.
Bullish Setup :
When the "A up" line is breached, it’s wise to wait briefly to confirm it’s not a "Fake Breakout" and that the price stabilizes above this line.
Upon entering the trade, the most effective stop loss is positioned below the "A down" line. It's advisable to backtest this to ensure the best outcomes. The recommended reward-to-risk ratio for this strategy is 1, which should also be verified through backtesting.
Bearish Setup :
When the "A down" line is breached, it’s prudent to wait briefly to ensure it’s not a "Fake Breakout" and that the price stabilizes below this line.
Upon entering the trade, the most effective stop loss is positioned above the "A up" line. Backtesting is recommended to confirm the best results. The recommended reward-to-risk ratio for this strategy is 1, which should also be validated through backtesting.
Advantages of Combining Kill Zone and ACD Method in Market Analysis :
Precise Trade Timing : Integrating the Kill Zone strategy with the ACD Method enhances precision in trade entries and exits. The ACD Method identifies key points for trading, while the Kill Zone focuses on high-activity periods, together ensuring optimal timing for trades.
Better Trend Identification : The ACD Method’s pivot ranges help spot market trends, and when combined with the Kill Zone’s emphasis on periods of significant price movement, traders can more effectively identify and follow strong market trends.
Maximized Profits and Minimized Risks : The ACD Method's structured approach to setting price targets and stop losses, coupled with the Kill Zone's high-volume trading periods, helps maximize profit potential while reducing risk.
Robust Risk Management : Combining these methods provides a comprehensive risk management strategy, strategically placing stop losses and protecting capital during volatile periods.
Versatility Across Markets : Both methods are applicable to various markets, including stocks, commodities, and forex, offering flexibility and adaptability in different trading environments.
Enhanced Confidence : Using the combined insights of the Kill Zone and ACD Method, traders gain confidence in their decision-making process, reducing emotional trading and improving consistency.
By merging the Kill Zone’s focus on trading volumes and the ACD Method’s structured breakout strategy, traders benefit from a synergistic approach that enhances precision, trend identification, and risk management across multiple markets.
Scalping CPRFetch Previous Day's Data:
Uses request.security to get the previous day's high, low, and close prices.
lookahead=barmerge.lookahead_on ensures the data fetched is fixed for the current session.
Calculate CPR Levels:
Pivot: Average of the previous day's high, low, and close.
Bottom Central Pivot (BC): Average of the previous day's high and low.
Top Central Pivot (TC): Derived from the pivot and BC.
R1 and S1: First resistance and support levels calculated from the pivot and previous day's prices.
Plotting:
Plots the CPR levels (pivot, BC, TC, R1, S1) on the chart with different colors.
ICT KillZones + Pivot Points [TradingFinder] Support/Resistance 🟣 Introduction
Pivot Points are critical levels on a price chart where trading activity is notably high. These points are derived from the prior day's price data and serve as key reference markers for traders' decision-making processes.
Types of Pivot Points :
Floor
Woodie
Camarilla
Fibonacci
🔵 Floor Pivot Points
Widely utilized in technical analysis, floor pivot points are essential in identifying support and resistance levels. The central pivot point (PP) acts as the primary level, suggesting the trend's likely direction.
The additional resistance levels (R1, R2, R3) and support levels (S1, S2, S3) offer further insight into potential trend reversals or continuations.
🔵 Camarilla Pivot Points
Featuring eight distinct levels, Camarilla pivot points closely correspond with support and resistance, making them highly effective for setting stop-loss orders and profit targets.
🔵 Woodie Pivot Points
Similar to floor pivot points, Woodie pivot points differ by placing greater emphasis on the closing price, often resulting in different pivot levels compared to the floor method.
🔵 Fibonacci Pivot Points
Fibonacci pivot points combine the standard floor pivot points with Fibonacci retracement levels applied to the previous trading period's range. Common retracement levels used are 38.2%, 61.8%, and 100%.
🟣 Sessions
Financial markets are divided into specific time segments, known as sessions, each with unique characteristics and activity levels. These sessions are active at different times throughout the day.
The primary sessions in financial markets include :
Asian Session
European Session
New York Session
The timing of these major sessions in UTC is as follows :
Asian Session: 23:00 to 06:00
European Session: 07:00 to 14:25
New York Session: 14:30 to 22:55
🟣 Kill Zones
Kill zones are periods within a session marked by heightened trading activity. During these times, trading volume surges and price movements become more pronounced.
The timing of the major kill zones in UTC is :
Asian Kill Zone: 23:00 to 03:55
European Kill Zone: 07:00 to 09:55
New York Kill Zone: 14:30 to 16:55
Combining kill zones and pivot points in financial market analysis provides several advantages :
Enhanced Market Sentiment Analysis : Aligns key price levels with high-activity periods for a clearer market sentiment.
Improved Timing for Trade Entries and Exits : Helps better time trades based on when price movements are most likely.
Higher Probability of Successful Trades : Increases the accuracy of predicting market movements and placing profitable trades.
Strategic Stop-Loss and Profit Target Placement : Allows for precise risk management by strategically setting stop-loss and profit targets.
Versatility Across Different Time Frames : Effective in both short and long time frames, suitable for various trading strategies.
Enhanced Trend Identification and Confirmation : Confirms trends using both pivot levels and high-activity periods, ensuring stronger trend validation.
In essence, this integrated approach enhances decision-making, optimizes trading performance, and improves risk management.
🟣 How to Use
🔵 Two Approaches to Trading Pivot Points
There are two main strategies for trading pivot points: utilizing "pivot point breakouts" and "price reversals."
🔵 Pivot Point Breakout
When the price breaks through pivot lines, it signals a shift in market sentiment to the trader. In the case of an upward breakout, where the price crosses these pivot lines, a trader might enter a long position, placing their stop-loss just below the pivot point (P).
Conversely, if the price breaks downward, a short position can be initiated below the pivot point. When using the pivot point breakout strategy, the first and second support levels can serve as profit targets in an upward trend. In a downward trend, these roles are filled by the first and second resistance levels.
🔵 Price Reversal
An alternative method involves waiting for the price to reverse at the support and resistance levels. To implement this strategy, traders should take positions opposite to the prevailing trend as the price rebounds from the pivot point.
While this tool is commonly used in higher time frames, it tends to produce better results in shorter time frames, such as 1-hour, 30-minute, and 15-minute intervals.
Three Strategies for Trading the Kill Zone
There are three principal strategies for trading within the kill zone :
Kill Zone Hunt
Breakout and Pullback to Kill Zone
Trading in the Trend of the Kill Zone
🔵 Kill Zone Hunt
This strategy involves waiting until the kill zone concludes and its high and low lines are established. If the price reaches one of these lines within the same session and is strongly rejected, a trade can be executed.
🔵 Breakout and Pullback to Kill Zone
In this approach, once the kill zone ends and its high and low lines stabilize, a trade can be made if the price breaks one of these lines decisively within the same session and then pulls back to that level.
🔵 Trading in the Trend of the Kill Zone
Kill zones are characterized by high trading volumes and strong trends. Therefore, trades can be placed in the direction of the prevailing trend. For instance, if an upward trend dominates this area, a buy trade can be entered when the price reaches a demand order block.
