Nightrangers IndicatorDescription
This indicator combines three EMA's, Ichimoku Cloud, RSI and MACD. By combining and modifying their use case this turns into an extremely powerful and accessible indicator for finding long and short position entries, below is a description of how to use this indicator, and what makes it different.
Primary Use case
The three EMA's would be the initial indicators you would be looking at, they are based on the 7d, 25d and 200d MA - Used on their own, they would be worthless, and this is where the Ichimoku Cloud comes into it, I have removed all other aspects of the Ichimoku Cloud and only kept the baseline, combine this with the three MA's and we have a very powerful indicator for finding Long entries, that is used uniquely in a way to which the Ichimoku Cloud is not originally meant to be used for.
An early indication of a LONG entry would be when the 7d MA crosses above the Ichimoku Baseline, through this early indicator, you are able to watch and monitor the chart, you would be waiting to see if the 25d MA then also crosses above the Ichimoku Baseline, This would be the second important indication of a long entry. The 200d MA helps here when making decisions on where to set your own personal take profits - If the Ichimoku baseline, and the MA's are below the 200d MA, you would be expecting a bounce point here, or heavy resistance so the long entry could be over a shorter period, than that if it was above the 200d MA, which is why it is included here, to help make a better informed choice.
The latter is reversed for finding short positions, and entries. This indicator is completely reliant on each other to find the best possible entry/exit by complementing each other, and by using the Ichimoku Baseline on it's own, and not as the Ichimoku Cloud is intended.
Just using these though, is not enough, which is why the RSI and MACD are also combined, once the conditions are met above, You may find that there can be false positives for entries, and this is where the RSI has multiple use cases within this script.
Firstly the backdrop colour will change based on whether the chart is in an uptrend or downtrend, This is a visual indicator provided to work simultaneaously on the chart itself to help identification of entries/exits easier to identify in conjunction with the above.
Secondly, It is used to display in the top right, The current Trend in a text format, as well as if the current chart is in one of three phases, these are Overbrought, Oversold and accumulation.
And finally it will display the current RSI Value on the last candle in a clear to see blue Label, This helps with the visual accessible side, to help you make a more informed choice depending on your own personal tolerance.
This ties into the above Indicators, by combining the information, you would not be looking to take a long, if for example, the RSI showed it was over-brought, and in a downtrend, even if the MA's had crossed above the Baseline, as this would most likely be a fakeout.
However if the Indicators above, showed a potential long, and the backdrop had flipped green, indicating an uptrend, and it was in an accumulation phase, you would consider this position. and this is where the MACD comes into play.
You would use the MACD to see whether or not the Signal line has crossed over the MACD line, and vice versa - However this script uses it to simplify and portray current market sentiment, and visually display by reducing clutter on screen, and making it more accessible.
It is designed to portray an easy to read and understand visual indicator by displaying in the top right simply as Bullish or Bearish, with markers above the candles ( "M" and "MX" ).
The M indicator is to show where the MACD Crosses above the Signal, and if aligned with all the other indicators within the script, shows a very strong confirmation for a buying opportunity, and vice versa for the "MX" indicator if aligned with the other indicators in reverse, provides a very strong confirmation for opening a short position or for selling.
Secondary Use case
By combining the indicators above, the secondary conditions you would be looking for, If you opened a LONG position, would be knowing when to sell, On top of what has been described above already regarding this, you would be looking to start taking profits, when the 7d MA crosses above or across the candles, and looking to close the position, when the 25d MA also crosses above the candles, and respectively, in reverse for closing short positions. This is shown across the charts to be extremely useful, however, combine this with the other indicators, portrayed in an easy to use and understand visual representation, you are now able to make more informed decisions, on whether to close a position or not.
How is it different and not just a mash up
I have combined these indicators to make the world of trading more accessible for everyone regardless of circumstances, by creating an easy to understand visual representation, keeping colours vibrant and easy to stand out, with clear and simple to read text indications. So whether you are a seasoned trader, or just starting out, you can make more informed choices, without the need of learning how to use multiple different indicators, and learning how to combine them all, or if you have difficulties learning, this indicator also simplifies a lot of the more technical intricacies, by still allowing you to make a more informed choice.
Longsetup
MM Detector (Long)This script tries to detect a market maker pattern.
A market maker pattern is usually made up of a high volume push down followed by a w pattern.
The script finds a market maker low with unusual volume and then looks for a push high (also with high volume) and usually through the ema 50.
The first push is normally a test but can be a good place to go long.
There are often atleast two pushes up in a MM pattern.
How to use.
Wait for the indicator to detect a market maker push low with high volume.
Along with other confirmations, go long when the indicator prints the first or second long push.
TrendLine CrossThis indicator "TrendLine Cross", is designed to plot trend lines so you can spot potential trend reversal points on the charts. The main function is to draw several lines on the chart and identify the crossings between these lines, which can be significant indicators for trading. The lines are based on different periods which can be changed in the settings tabs.
Let's see the characteristics of the trend lines:
_Low Line Color(Green Line): This line connects the lowest point of low prices in the "low_time" period with the lowest point of low prices in the "high_time" period. Indicates a possible short-term support level on the chart.
_Liquidity Up Line Color (Golden Line): This line connects the lowest point of low prices in the "low_time" period with the highest point of low prices in the same period. It represents a liquidity zone and an important resistance in the chart.
_Lower Line Color (Blue Line): This horizontal line connects the lowest point of low prices in the "LowerLine_period" with the lowest point of low prices in the "high_time" period. Indicates a possible long-term support level.
_Upper Line Colorr: This line represents a connection between the highest points of the "high_time" period and the lowest point of the "LowerLine_period". Indicates a possible long-term resistance level.
_Up Line Color (Red Line): This line connects the highest point of high prices in the "high_time" period with the highest point of high prices in the "LowerLine_period". It represents a possible long-term resistance level.
_Liquidity Down Line Color(Golden Line): This line connects the highest point of high prices in the "high_time" period with the highest point of low prices in the "low_time" period. It represents a liquidity point and an important support zone.
The indicator becomes particularly interesting when the lines make crossings. These crossovers could suggest a potential trend change in the market. For example:
Change from Bearish to Bullish: If the "long-term" line (black) crosses the "short- or long-term" line (green or blue) from top to bottom, it could indicate a shift from a bearish to a bullish market , suggesting the opportunity for long positions.
_Changing from Bullish to Bearish: If the "long-term" line (blue) crosses the "short-term" line (red or black) from bottom to top, it could indicate a shift from a bullish to a bearish market, suggesting the opportunity for short positions.
Generally speaking, crossings between these lines can be key points of interest for traders, as they can signal significant changes in price direction.
Long-Only Opening Range Breakout (ORB) with Pivot PointsIntraday Trading Strategy: Long-Only Opening Range Breakout (ORB) with Pivot Points
Background:
Opening Range Breakout (ORB) is a popular long-only trading strategy that capitalizes on the early morning volatility in financial markets. It's based on the idea that the initial price movements during the first few minutes or hours of the trading day can set the tone for the rest of the session. The strategy involves identifying a price range within which the asset trades during the opening period and then taking long positions when the price breaks out to the upside of this range.
Pivot Points are a widely used technical indicator in trading. They represent potential support and resistance levels based on the previous day's price action. Pivot points are calculated using the previous day's high, low, and close prices and can help traders identify key price levels for making trading decisions.
How to Use the Script:
Initialization: This script is written in Pine Script, a domain-specific language for trading strategies on the TradingView platform. To use this script, you need to have access to TradingView.
Apply the Script: You can do this by adding it to your favorites, then selecting the script in the indicators list under favorites or by searching for it by name under community scripts.
Customize Settings: The script allows you to customize various settings through the TradingView interface. These settings include:
Opening Session: You can set the time frame for the opening session.
Max Trades per Day: Specify the maximum number of long trades allowed per trading day.
Initial Stop Loss Type: Choose between using a percentage-based stop loss or the previous candles low for stop loss calculations.
Stop Loss Percentage: If you select the percentage-based stop loss, specify the percentage of the entry price for the stop loss.
Backtesting Start and End Time: Set the time frame for backtesting the strategy.
Strategy Signals:
The script will display pivot points in blue (R1, R2, R3, R4, R5) and half-pivot points in gray (R0.5, R1.5, R2.5, R3.5, R4.5) on your chart.
The green line represents the opening range.
The script generates long (buy) signals based on specific conditions:
---The open price is below the opening range high (h).
---The current high price is above the opening range high.
---Pivot point R1 is above the opening range high.
---It's a long-only strategy designed to capture upside breakouts.
---It also respects the maximum number of long trades per day.
The script manages long positions, calculates stop losses, and adjusts long positions according to the defined rules.
Trailing Stop Mechanism
The script incorporates a dynamic trailing stop mechanism designed to protect and maximize profits for long positions. Here's how it works:
1. Initialization:
The script allows you to choose between two types of initial stop loss:
---Percentage-based: This option sets the initial stop loss as a percentage of the entry price.
---Previous day's low: This option sets the initial stop loss at the previous day's low.
2. Setting the Initial Stop Loss (`sl_long0`):
The initial stop loss (`sl_long0`) is calculated based on the chosen method:
---If "Percentage" is selected, it calculates the stop loss as a percentage of the entry price.
---If "Previous Low" is selected, it sets the stop loss at the previous day's low.
3. Dynamic Trailing Stop (`trail_long`):
The script then monitors price movements and uses a dynamic trailing stop mechanism (`trail_long`) to adjust the stop loss level for long positions.
If the current high price rises above certain pivot point levels, the trailing stop is adjusted upwards to lock in profits.
The trailing stop levels are calculated based on pivot points (`r1`, `r2`, `r3`, etc.) and half-pivot points (`r0.5`, `r1.5`, `r2.5`, etc.).
The script checks if the high price surpasses these levels and, if so, updates the trailing stop accordingly.
This dynamic trailing stop allows traders to secure profits while giving the position room to potentially capture additional gains.
4. Final Stop Loss (`sl_long`):
The script calculates the final stop loss level (`sl_long`) based on the following logic:
---If no position is open (`pos == 0`), the stop loss is set to zero, indicating there is no active stop loss.
---If a position is open (`pos == 1`), the script calculates the maximum of the initial stop loss (`sl_long0`) and the dynamic trailing stop (`trail_long`).
---This ensures that the stop loss is always set to the more conservative of the two values to protect profits.
5. Plotting the Stop Loss:
The script plots the stop loss level on the chart using the `plot` function.
It will only display the stop loss level if there is an open position (`pos == 1`) and it's not a new trading day (`not newday`).
The stop loss level is shown in red on the chart.
By combining an initial stop loss with a dynamic trailing stop based on pivot points and half-pivot points, the script aims to provide a comprehensive risk management mechanism for long positions. This allows traders to lock in profits as the price moves in their favor while maintaining a safeguard against adverse price movements.
End of Day (EOD) Exit:
The script includes an "End of Day" (EOD) exit mechanism to automatically close any open positions at the end of the trading day. This feature is designed to manage and control positions when the trading day comes to a close. Here's how it works:
1. Initialization:
At the beginning of each trading day, the script identifies a new trading day using the `is_newbar('D')` condition.
When a new trading day begins, the `newday` variable becomes `true`, indicating the start of a new trading session.
2. Plotting the "End of Day" Signal:
The script includes a plot on the chart to visually represent the "End of Day" signal. This is done using the `plot` function.
The plot is labeled "DayEnd" and is displayed as a comment on the chart. It signifies the EOD point.
3. EOD Exit Condition:
When the script detects that a new trading day has started (`newday == true`), it triggers the EOD exit condition.
At this point, the script proceeds to close all open positions that may have been active during the trading day.
4. Closing Open Positions:
The `strategy.close_all` function is used to close all open positions when the EOD exit condition is met.
This function ensures that any remaining long positions are exited, regardless of their current profit or loss.
The function also includes an `alert_message`, which can be customized to send an alert or notification when positions are closed at EOD.
Purpose of EOD Exit
The "End of Day" exit mechanism serves several essential purposes in the trading strategy:
Risk Management: It helps manage risk by ensuring that positions are not left open overnight when markets can experience increased volatility.
Capital Preservation: Closing positions at EOD can help preserve trading capital by avoiding potential adverse overnight price movements.
Rule-Based Exit: The EOD exit is rule-based and automatic, ensuring that it is consistently applied without emotions or manual intervention.
Scalability: It allows the strategy to be applied to various markets and timeframes where EOD exits may be appropriate.
By incorporating an EOD exit mechanism, the script provides a comprehensive approach to managing positions, taking profits, and minimizing risk as each trading day concludes. This can be especially important in volatile markets like cryptocurrencies, where overnight price swings can be significant.
Backtesting: The script includes a backtesting feature that allows you to test the strategy's performance over historical data. Set the start and end times for backtesting to see how the long-only strategy would have performed in the past.
Trade Execution: If you choose to use this script for live trading, make sure you understand the risks involved. It's essential to set up proper risk management, including position sizing and stop loss orders.
Monitoring: Monitor the long-only strategy's performance over time and be prepared to make adjustments as market conditions change.
Disclaimer: Trading carries a risk of capital loss. This script is provided for educational purposes and as a starting point for your own long-only strategy development. Always do your own research and consider seeking advice from a qualified financial professional before making trading decisions.
Buy/Sell BoxThis indicator tries to identify the points where the price exceeds or falls below a rectangle based on the opening and closing prices of the previous period, the creation of the boxes occurs when a doji is detected therefore it will calculate the coordinates of the rectangle that will be drawn around it, therefore the indicator offers buy or sell signals based on this logic. Specifically, the buy signal is generated if the closing price is above the top of the rectangle and satisfies some previous price conditions while the sell signal is generated if the closing price is below the bottom of the rectangle and satisfies some conditions of previous prices within a further threshold based on the Ema 150.
Lines are then drawn on the graph to visually display the extreme price levels, which can be useful for any confirmation of buy and sell signals, Stop Loss and Take Profit, Trend Filter (to visually understand if the trend is bullish or bearish)
A potentially effective trading strategy could involve identifying buy and sell signals near the extreme price level lines drawn by the indicator. This approach can be used to try to improve the accuracy of your trading signals and make more informed decisions. For example:
When you receive a buy or sell signal based on the dojis and rectangles generated by the indicator, check whether the price is also near one of the extreme price level lines. If you are receiving a buy signal and notice that the current price is near a low of the lower level line, this may further confirm the buying opportunity, as the price is near a significant resistance level. On the contrary, if the sell signal was close to a maximum price level it could confirm an excellent short entry.
It is also possible to use the boxes as reference points to set the stop loss and take profit levels. If you are entering a buy position, you might consider setting your stop loss just below an upper line of the last box. Additionally, you may want to set your take profit near a higher price level if you are looking to maximize profits. This will help manage risks and protect your capital.
3kilos BTC 15mThe "3kilos BTC 15m" is a comprehensive trading strategy designed to work on a 15-minute timeframe for Bitcoin (BTC) or other cryptocurrencies. This strategy combines multiple indicators, including Triple Exponential Moving Averages (TEMA), Average True Range (ATR), and Heikin-Ashi candlesticks, to generate buy and sell signals. It also incorporates risk management features like take profit and stop loss.
Indicators
Triple Exponential Moving Averages (TEMA): Three TEMA lines are used with different lengths and sources:
Short TEMA (Red) based on highs
Long TEMA 1 (Blue) based on lows
Long TEMA 2 (Green) based on closing prices
Average True Range (ATR): Custom ATR calculation with EMA smoothing is used for volatility measurement.
Supertrend: Calculated using ATR and a multiplier to determine the trend direction.
Simple Moving Average (SMA): Applied to the short TEMA to smooth out its values.
Heikin-Ashi Close: Used for additional trend confirmation.
Entry & Exit Conditions
Long Entry: Triggered when the short TEMA is above both long TEMA lines, the Supertrend is bullish, the short TEMA is above its SMA, and the Heikin-Ashi close is higher than the previous close.
Short Entry: Triggered when the short TEMA is below both long TEMA lines, the Supertrend is bearish, the short TEMA is below its SMA, and the Heikin-Ashi close is lower than the previous close.
Take Profit and Stop Loss: Both are calculated as a percentage of the entry price, and they are set for both long and short positions.
Risk Management
Take Profit: Set at 1% above the entry price for long positions and 1% below for short positions.
Stop Loss: Set at 3% below the entry price for long positions and 3% above for short positions.
Commission and Pyramiding
Commission: A 0.07% commission is accounted for in the strategy.
Pyramiding: The strategy does not allow pyramiding.
Note
This strategy is designed for educational purposes and should not be considered as financial advice. Always do your own research and consider consulting a financial advisor before engaging in trading.
Bullish Divergence Short-term Long Trade FinderThis script is a Bullish divergence trade finder built to find small periods where Bitcoin will likely rise from. It looks for bullish divergence followed by a higher low as long as the hour RSI value is below the 40 mark, if then it will enter an long. It marks out Buy signals on the RSI if the value dips below 'RSI Bull Condition Minimum' (Default 40) on the current time frame in view. It also marks out Sell signals found when the RSI is above the 'RSI Bearish Condition Minimum' (Default 50). The sell signals are bearish divergence that has occurred recently on the RSI. When a long is in play it will sell if it finds bearish divergence or the time frame in view reaches RSI value higher than the 'RSI Sell Value'(Default 75). You can set your stop loss value with the 'Stop loss Percentage' (default 5).
Available inputs:
RSI Period: relative strength measurement length(Typically 14)
RSI Oversold Level: the bottom bar of the RSI (Typically 30)
RSI Overbought Level: the top bar of the RSI (Typically 70)
RSI Bearish Condition Minimum: The minimum value the script will use to look for a pivot high that starts the Bearish condition to Sell (Default 50)
RSI Bearish Condition Sell Min: the minimum value the script will accept a bearish condition (Default 60)
RSI Bull Condition Minimum: the minimum value it will consider a pivot low value in the RSI to find a divergence buy (Default 40)
Look Back this many candles: the amount of candles thee script will look back to find a low value in the RSI (Default 25)
RSI Sell Value: The RSI value of the exit condition for a long when value is reached (Default 75)
Stop loss Percentage: Percentage value for amount to lose (Default 5)
The formula to enter a long is stated below:
If price finds a lower low and there is a higher low found following a lower low and price has just made another dip and price closes lower than the last divergence and Relative strength index hour value is less than 40 enter a long.
The formula to exit a long is stated below:
If the value drops below the stop loss percentage OR (the RSI value is greater than the value of the parameter 'RSI Sell Value' or bearish divergence is found greater than the parameter 'RSI Bearish Condition Minimum' )
This script was built from much strategy testing on BTC but works with alts (occasionally) also. It is most successful to my knowledge using the 15 min and 7 min time frames with default values. Hope it helps! Follow for further possible updates to this script or other entry or exit strategies.
snapshot:
I only have a Pro trading view account so I cannot share a larger data set about this script because the buy signals happen pretty rarely. The most amount that I could find within a view for me was 40 trades within a viewable time. The suggested/default parameters that I have do not occur very often so it limits the data set. Adjustments can be made to the parameters so that trades can be entered more often. The scripts success is dependent on the values of the parameters set by the user. This script was written to be used for BTC/USD or BTC/USDT trading. I am unable to share a larger dataset without putting out results that are intended to fail or having a premium account so reaching the 100 trade minimum is not possible with my account.
Bar Color Long / Short Indicator With Advised SL Rev 1This is the Revised Version of Bar Color Long / Short Indicator With Advised SL with some extra features
Overview
This script is a trading indicator named "Bar Color Long / Short Indicator With Advised SL" designed for the TradingView platform. The indicator's primary purpose is to provide entry signals for long and short positions, based on various technical analysis methods. Additionally, the indicator suggests stop-loss levels for both long and short positions.
User Inputs
The indicator has several user inputs, such as:
Length
Smoothing
Multiplier
Show bar colors (ON/OFF)
When the bar colors are turned off, the alert signals for long and short positions will be displayed instead.
Custom Risk Calculation
The script calculates a custom risk level based on a modified version of the RSI (Relative Strength Index) formula. The custom risk level is divided into three categories: low, medium, and high.
Sentiment Score Calculation
The indicator calculates a sentiment score based on a combination of methods resembling EMA (Exponential Moving Average), MACD (Moving Average Convergence Divergence), and ROC (Rate of Change). The sentiment score is used to determine if the sentiment is positive or negative.
Bollinger Bands Percent and Combined Signal
The Bollinger Bands Percent is calculated, and the custom risk, sentiment score, and Bollinger Bands Percent are combined to generate a new signal. This signal is used in conjunction with EMA10 to determine the bar colors and provide entry signals.
Bar Colors
Based on the combined signal and EMA10, the script determines the bar colors as follows:
Orange: Positive sentiment
Blue: Negative sentiment
Gray: Neutral
Entry Signals and Alerts
When the bar colors are turned off, the indicator displays large green arrow signals for long (buy) positions and red arrow signals for short (sell) positions based on the sentiment and EMA10 conditions. The script also includes alert conditions for long and short signals, which can be used to set up notifications when these signals are triggered in the TradingView platform.
Advised Stop-Loss Levels
The indicator plots stop-loss lines for both long and short positions at the last candle, accompanied by labels showing the advised stop-loss levels in numeric values
Rev 1
added / changed :
SMA50 slope check
EMA20 higher or lower than EMA10
color ON/OFF changed
Signal once Buy and Sell
Bar Color Long / Short Indicator With Advised SLOverview
This script is a trading indicator named "Bar Color Long / Short Indicator With Advised SL" designed for the TradingView platform. The indicator's primary purpose is to provide entry signals for long and short positions, based on various technical analysis methods. Additionally, the indicator suggests stop-loss levels for both long and short positions.
User Inputs
The indicator has several user inputs, such as:
Length
Smoothing
Multiplier
Show bar colors (ON/OFF)
When the bar colors are turned off, the alert signals for long and short positions will be displayed instead.
Custom Risk Calculation
The script calculates a custom risk level based on a modified version of the RSI (Relative Strength Index) formula. The custom risk level is divided into three categories: low, medium, and high.
Sentiment Score Calculation
The indicator calculates a sentiment score based on a combination of methods resembling EMA (Exponential Moving Average), MACD (Moving Average Convergence Divergence), and ROC (Rate of Change). The sentiment score is used to determine if the sentiment is positive or negative.
Bollinger Bands Percent and Combined Signal
The Bollinger Bands Percent is calculated, and the custom risk, sentiment score, and Bollinger Bands Percent are combined to generate a new signal. This signal is used in conjunction with EMA10 to determine the bar colors and provide entry signals.
Bar Colors
Based on the combined signal and EMA10, the script determines the bar colors as follows:
Orange: Positive sentiment
Blue: Negative sentiment
Gray: Neutral
Entry Signals and Alerts
When the bar colors are turned off, the indicator displays large green arrow signals for long (buy) positions and red arrow signals for short (sell) positions based on the sentiment and EMA10 conditions. The script also includes alert conditions for long and short signals, which can be used to set up notifications when these signals are triggered in the TradingView platform.
Advised Stop-Loss Levels
The indicator plots stop-loss lines for both long and short positions at the last candle, accompanied by labels showing the advised stop-loss levels in numeric values.
Oscillator & SentimentThis script is a custom TradingView indicator that calculates an oscillator and sentiment line based on various input parameters. The oscillator is based on a modified version of My Oscillator, which is a measure of price deviation from its exponential moving average ( EMA ). The sentiment line is a smoothed average of the oscillator values. The script also uses a unique color-coding system to represent the trends in the oscillator and sentiment line, making it visually appealing and easier for traders to identify market movements.
Parameters:
Fast Length: fast EMA length.
Slow Length: slow EMA length.
SMA Length: simple moving average length .
Sentiment Length: The length for calculating the sentiment line.
LengthInputRoR: A constant value used for the highest and lowest calculations.
Calculations:
Highest and Lowest: The highest and lowest values of the Simple Moving Average of high and low prices over the LengthInputRoR period.
Price Calculation (HLC2): The average of the high, low, and close prices divided by ...
My Oscillator ( SMO ): A measure of price deviation from the EMA5. It is calculated with HLC2 , EMA5, STDDEVS
Sentiment: A Simple Moving Average of My Oscillator over the sentiment_length period.
Colors:
Sentiment Color: Changes based on the current sentiment value relative to the previous value. It can have three different color variations to represent increasing, decreasing, or steady sentiment.
Candle Color: Adjusts according to the close price relative to the highest and lowest values. It helps traders to quickly identify if the price is in a strong or weak position.
Key Features:
Unique Oscillator and Sentiment Combination:
The script integrates My Oscillator and a sentiment line calculation, providing a comprehensive view of the market. The oscillator is a deviation-based indicator that is responsive to market trends, while the sentiment line offers a smoothed representation of the oscillator values.
Intuitive Color-Coding System:
Bullish state Confirmed: The oscillator is green and the sentiment is above 0 and below the oscillator.
Bearish state Confirmed: The oscillator is red and the sentiment line is below 0 and above the oscillator.
Neutral state: The oscillator is yellow above or below 0, normally a risk off area and wait for direction confirmation, doesn't mean that there can't be a Long or Short possibility.
Neutral state often also gives Long or Short Setup's when the oscillator is 1 for Long and -1 for Short, but in the Neutral state there will be more chance of moves up or down.
The Script will also color the candles in the main-chart the same as the oscillator colors
Enhanced Market Analysis:
The combination of the oscillator, sentiment line, and color-coding system provides traders with valuable insights into the market's direction, strength, and momentum, ultimately helping them make more informed trading decisions.
** This script is a great to use together with my other script: "Long & Short / Bullish & Bearish & Neutral / Sentiment" ( it will color the bars so if you use them together turn off barcolor in this one if you like that system: "Long & Short / Bullish & Bearish & Neutral / Sentiment")
Long & Short / Bullish & Bearish & Neutral / Sentiment LONG and SHORT signal generation:
The LONG and SHORT signals in this script are generated based on a combination of sentiment, price strength, and volume strength calculations. The following parameters and calculations are used in determining these signals:
Sentiment:
The sentiment is calculated using a Simple Moving Average ( SMA ) of the SMO (oscillator) over a specified sentiment_length.
Price Strength:
The price strength is calculated as the percentage change in the closing price compared to the previous closing price.
Volume Strength:
The volume strength is calculated as the percentage change in the trading volume compared to the previous trading volume .
Custom Oscillator:
This oscillator is calculated as the difference between price strength and volume strength, followed by calculating its SMA over a specified strength_length.
The LONG signal is triggered when:
The sentiment_diff (difference between the oscillator and the SMA oscillator) is greater than 0, and the close price is greater than the fast EMA ( Exponential Moving Average ) of the close price, OR
The custom oscillator crosses over its SMA , and the close price is greater than the open price, and the close price of the previous period is greater than the close price of two periods ago.
The SHORT signal is triggered when:
The sentiment_diff is less than 0, and the close price is less than the fast EMA of the close price, OR
The custom oscillator crosses under its SMA , and the close price is less than the open price, and the close price of the previous period is less than the close price of two periods ago.
Color change description:
The color change in this script is based on the relationship between the close price and the highest/lowest SMAs of the high/low price over a specified lengthInputRoR. The following colors are used:
Green:
Bullish area (close price is greater than the highest SMA of the high price)
Red:
Bearish area (close price is less than the lowest SMA of the low price)
Yellow:
Neutral area (close price is between the highest and lowest SMAs of the high and low prices)
Color meaning description:
Yellow (Neutral Area):
This color indicates that the close price is between the highest and lowest SMAs of the high and low prices, signaling more caution and uncertainty in the market.
Green ( Bullish Area):
This color represents a bullish market condition where the close price is greater than the highest SMA of the high price, suggesting a higher probability of a successful LONG position.
Red ( Bearish Area):
This color signifies a bearish market condition where the close price is less than the lowest SMA of the low price, indicating a higher probability of a successful SHORT position.
Support and Resistance lines explanation:
Support and resistance lines are calculated based on the highest and lowest prices over a specified number of periods. These lines are used to identify significant price levels where the market may experience increased buying or selling pressure.
Resistance:
The resistance line is calculated using the highest high price over a specified number of periods. This line represents a price level where selling pressure is expected to increase, making it more difficult for the price to rise further. Traders often consider resistance levels as potential entry points for SHORT positions or exit points for LONG positions.
Support:
The support line is calculated using the lowest low price over a specified number of periods. This line represents a price level where buying pressure is expected to increase, making it more difficult for the price to fall further. Traders often consider support levels as potential entry points for LONG positions or exit points for SHORT positions.
The resistance and support lines are plotted using different colors to help traders visualize the important price levels where the market may experience a reversal or consolidation.
Final Words:
This script provides LONG and SHORT signals and alerts based on a combination of sentiment, price strength, and volume strength calculations. It is designed to serve as a high-quality aid for executing well-informed trading ideas. However, it's important to note that the LONG and SHORT signals and alerts generated by this script should not be considered as trading advice. Traders should always conduct their own research and analysis before making any trading decisions. The script aims to assist in visualizing important market trends and price levels, helping traders make more informed decisions based on their personal trading strategies.
My LONG and SHORT signals and Bullish and Bearish by seatripsLONG and SHORT signal generation:
The LONG and SHORT signals in this script are generated based on a combination of sentiment, price strength, and volume strength calculations. The following parameters and calculations are used in determining these signals:
Sentiment: The sentiment is calculated using a Simple Moving Average ( SMA ) of the SMO (oscillator) over a specified sentiment_length.
Price Strength: The price strength is calculated as the percentage change in the closing price compared to the previous closing price.
Volume Strength: The volume strength is calculated as the percentage change in the trading volume compared to the previous trading volume .
Custom Oscillator: This oscillator is calculated as the difference between price strength and volume strength, followed by calculating its SMA over a specified strength_length.
The LONG signal is triggered when:
The sentiment_diff (difference between the oscillator and the SMA oscillator) is greater than 0, and the close price is greater than the fast EMA ( Exponential Moving Average ) of the close price, OR
The custom oscillator crosses over its SMA , and the close price is greater than the open price, and the close price of the previous period is greater than the close price of two periods ago.
The SHORT signal is triggered when:
The sentiment_diff is less than 0, and the close price is less than the fast EMA of the close price, OR
The custom oscillator crosses under its SMA , and the close price is less than the open price, and the close price of the previous period is less than the close price of two periods ago.
Color change description:
The color change in this script is based on the relationship between the close price and the highest/lowest SMAs of the high/low price over a specified lengthInputRoR. The following colors are used:
Green: Bullish area (close price is greater than the highest SMA of the high price)
Red: Bearish area (close price is less than the lowest SMA of the low price)
Yellow: Neutral area (close price is between the highest and lowest SMAs of the high and low prices)
Color meaning description:
Yellow (Neutral Area): This color indicates that the close price is between the highest and lowest SMAs of the high and low prices, signaling more caution and uncertainty in the market.
Green ( Bullish Area): This color represents a bullish market condition where the close price is greater than the highest SMA of the high price, suggesting a higher probability of a successful LONG position.
Red ( Bearish Area): This color signifies a bearish market condition where the close price is less than the lowest SMA of the low price, indicating a higher probability of a successful SHORT position.
Support and Resistance lines explanation:
Support and resistance lines are calculated based on the highest and lowest prices over a specified number of periods. These lines are used to identify significant price levels where the market may experience increased buying or selling pressure.
Resistance: The resistance line is calculated using the highest high price over a specified number of periods. This line represents a price level where selling pressure is expected to increase, making it more difficult for the price to rise further. Traders often consider resistance levels as potential entry points for SHORT positions or exit points for LONG positions.
Support: The support line is calculated using the lowest low price over a specified number of periods. This line represents a price level where buying pressure is expected to increase, making it more difficult for the price to fall further. Traders often consider support levels as potential entry points for LONG positions or exit points for SHORT positions.
The resistance and support lines are plotted using different colors to help traders visualize the important price levels where the market may experience a reversal or consolidation.
Final Words:
This script provides LONG and SHORT signals and alerts based on a combination of sentiment, price strength, and volume strength calculations. It is designed to serve as a high-quality aid for executing well-informed trading ideas. However, it's important to note that the LONG and SHORT signals and alerts generated by this script should not be considered as trading advice. Traders should always conduct their own research and analysis before making any trading decisions. The script aims to assist in visualizing important market trends and price levels, helping traders make more informed decisions based on their personal trading strategies.
PriceCatch MDCPLevelsv1Hi TV Community!
I am sharing a script that is aimed at swing/positional traders who only take long positions.
This script helps you to get a view of price drops in percentage points from a recent major high an instrument has made. The high is captured using Modified Donchain Channel Calculation. When an instrument is going down, traders are always interested to know how much it has dropped in percentage terms and this script helps in addressing this requirement.
With this script, simply by looking at an instrument on the chart, you can tell how far down it is from its recent major high. So, if a fundamentally strong instrument has dropped 30% due to market dynamics, that might be a level for you to consider a buying opportunity.
SAMPLE CHARTS
User Configuration
Period
Set the Period (historical bars) for the script to find a major high. Intermediate highs that the instrument makes are ignored so as to give a longer duration price action range.
Drop percentages
Enter 5 levels of drop percentages as per your trading style / choice. Generally, the default setting of 10, 20, 30, 40, 50 are good with most instruments.
Locking Profits & Exiting positions
A difficult aspect of trading is locking profits and exiting positions when your trade is in profits. Most traders are reluctant to close their positions due to greed and hope or prematurely close them due to fear. In both cases the decision is based on emotion rather than on systematic rules. It is worth remembering that exits are equally important as entries.
PriceCatch MDCP Levels script also addresses this problem faced by traders and does so in a unique way. Specifically as many traders usually like to compare returns with other forms of investment such as Bank Fixed Deposit interest rates, this script helps you to enter current Fixed Deposit Interest Rate and then plots those levels also on the chart. So, when a trader takes an entry at the 30% drop level, the profit levels plotted on the chart helps the trader set proper targets to close the trade. For example, if you have entered 6.75 as FD rate, then the script will plot 6.75% gain level over 30% level to give you visual clue which serves to help you set your targets immediately after your buy trade has executed.
NOTE: If you wish to close a trade when price reaches 5% above buy price, you can enter 5 in the Current Bank FD Rate field. The idea of FD Rate is to give you satisfaction that the trade gave you profits equalling FD Rate for which you would have to normally wait 365 days if you had opened an FD instead of taking the trade.
Style Tab
From the style tab you can hide some levels that you do not wish to be shown on the chart.
Visibility
From the Visibility tab you can control on which time-frames only, this script displays the levels.
Advantages
For positional traders who trade only on fundamentally strong stocks, this script should be of use due to the way it helps you see price action and also enable you to take trades at potentially good levels.
NOTE:
As with any other indicator, please satisfy yourself thoroughly that it works for you before you decide to deploy PriceCatch MDCP Levels on your chart. The script is shared without any warranties that it will be of use to you. As a trader you are aware that trading is more about the trader than any strategy; trading involves financial risk and that you are solely responsible for your actions. If you agree to the above, please feel free to use PriceCatch MDCP Levels.
QUERIES / COMMENTS
Please feel free to reach out to me with any queries or comments. All the best with your trading.
Regards
PriceCatch
Scot Signal IndicatorThe Scot Signal Indicator is intended as a Scalping Resource. It was designed to work best on the ❗❗ 5 MINUTE CHART with Bitcoin ❗❗ / USD & USDT pairs.
🟡🔼🔽 Yellow Triangles : these are pre-signals. If the triangle is Pointing Down, then look for a possible Short to come, and vice-versa for Upward facing triangles will go Long.
* Be careful, this is a Canary in the Coal Mine, but not the full signal. Going purely on the triangle as a signal could lead to fake-outs more frequently.
🟩 🟥 Green & Red Boxes : these are "Long" & "Short" signals where the indicator feels the time is safe to enter a trade.
❗ EXITING THE TRADE ❗ : this is a scalping indicator, specifically meant for entering trades, NOT EXITING them. An ideal scalp is $100 - $200 Bitcoin move. Though, we run bots using this indicator, taking scalps as little
as $60, performing up to 8 trades a day.
PriceCatch BOSS IOHi TradingView Community.
I am publishing a script that uses a proprietary logic based on Fibonacci retracement for identifying breakouts. This is a script that focuses on long side trades only.
PriceCatch BOSS IO: - PriceCatch Breakout Screener Script (Invite Only).
This script is not an indicator that plots anything on the chart but is a Screener.
SLIPPED OPPORTUNITIES
One of the problems faced by traders is that while they are watching or studying the chart of one stock or Forex pair, a super opportunity slips by them in another stock or another instrument and it is frustrating when that happens. With the PriceCatch BOSS IO script, you can now capture such moves made by other symbols whilst you are watching some other instrument.
USP:
The uniqueness of this script is that you can screen Nine of your favorite symbols for breakout opportunities simultaneously.
Users can pick Nine symbols of their choice and specify a resolution in the Settings dialog screen that the script will use to find out any probable breakouts in those selected nine symbols continuously.
The symbols could be from any exchange across the world and of any type - stocks, futures, commodities, Forex and Crypto. Simply put, if you can plot the symbol in TradingView, PriceCatch BOSS can monitor that instrument for breakouts on the time interval chosen by you.
ACTIONABLE INFORMATION:
What traders look for and expect from their charts is actionable information. This script does that. It clearly tells you the Entry Price and Stop Loss price for each symbol when a breakout opportunity presents itself in that symbol. You can then open up the chart of that specific symbol to validate the given information with any other indicators that you use and then take the call with regards to a trade. You may also use this script alone without adding any other indicator to your chart. The choice is yours.
CLARITY BEFORE TRADE:
As both Entry Price and Stop Loss Price are identified by the script, you receive advance information about the risk and can set your own Reward based on your personal preferences. So, with the necessary information provided to you in advance, you can plan your trades with clarity.
HOW IT WORKS:
Once the list of symbols are selected and resolution chosen, the script then continuously monitors those given symbols for breakout opportunities. At the close of every interval, it presents the results as shown below:
Results Set
This script shows the results of the screening in a Table as under:
SYMBOL Entry Price Stop Price
TSLA 830.84 802.88
EURUSD 1.13425 1.13160
Similarly for seven more instruments chosen by you.
NOTE: 0.00 under Entry and Stop price columns mean that there is no opportunity in that symbol.
ADVANTAGE:
The advantage of this script is that it helps you spot trades in your favorite symbols without manually loading their charts. With the ability to screen the symbols from Intraday time frames to higher time frames such as Weekly, you will be able to spot opportunities to go long in intraday, swing and even positional trades of longer duration.
Another significant advantage of this script is that while you may be watching a symbol in, say 15 minutes time frame, you can set the script to monitor breakouts in any other higher time frame starting from 15 minutes. This, in effect, gives you unsurpassed advantage.
DISCIPLINE:
As you choose your nine instruments/assets, the script indirectly inculcates discipline as your attention will be only on the selected instruments and you will not be distracted or search for opportunities in a whole bunch of other symbols / assets / instruments. As you can at any time change the set of nine assets as per your personal preference, you get the flexibility that you seek to work with a different set of symbols. For Forex traders who like to monitor only Major Pairs the ability to scan Nine pairs is quite sufficient. Similarly, to traders who trade S&P500, ES1! and other instruments, the nine symbols flexibility is adequate.
LONG POSITION TOOL
For visual cues, you may use the Long Position tool to set the Entry, Stop and Targets as per your preference on the main chart.
TRICK:
Can I only screen nine instruments? What if I am interested to screen more? Actually, you can screen more instruments. You see, you can add this script on to your chart multiple times and can select a set of nine unique stocks per script instance. That way you can actually screen more than nine stocks!
EXAMPLES:
Nifty 50
TSLA
Maruti
USDJPY
MSFT
UI
The script allows you to fine tune display options as per your personal preferences.
NOTE: This script runs in a separate pane without obstructing the view of your main chart.
NOTE: The formatting of price is based on mintick. As a result, since Forex and Crypto have more number of digits after the Decimal, if your screener list consists of a mix of stocks, Forex and Crypto - please change to a Forex chart to get the correct Forex price and to Crypto for correct Crypto price and so on.
NOTE: You will not get accurate results if you are in a higher time frame chart and the Screener resolution is set to lower time frame. For example, if chart is in 15 MTF and Screener resolution is set to 3 MTF, the results may not be accurate.
TIP: If you have added this script multiple times to your chart, then you may have to maximize the pane to view the results table.
NOTE - PRIOR TO USING THIS SCRIPT:
Please remember that the script is shared with absolutely no assurances about usability and any warranties whatsoever and as a responsible trader, please satisfy yourselves thoroughly and use it only if you are convinced it works for you. Remember, you are 100% responsible for your actions and must, therefore, do your due diligence before using this script and also before every trade. Profits and losses are part and parcel of trading activity and you are solely responsible for both. If you understand and accept that, you may use the script.
QUERIES/FEEDBACK
Please PM me.
Hope you find this script useful. Wish everyone all the best with trading.
PriceCatch Crypto Screener IOHi,
TradingView community and Crypto traders. Warm Greetings.
PriceCatch Crypto Screener.
I am sharing a script that screens the following Crypto.
ADAUSD, ALGOUSD, AMPUSD, ATOMUSD, AUCTIONUSD, AVAXUSD, BTCUSD, BTRSTUSD, CHZUSD, DAIUSD, DOGEUSD, DOTUSD,
EOSUSD, ETHUSD, FETUSD, FXUSD, JASMYUSD, LINKUSD, LRCUSD, MANAUSD, MATICUSD, NUUSD, OMGUSD, OXTUSD,
SHIBUSD, SKLUSD, SNXUSD, SOLUSD, TRIBEUSD, USTUSD, XLMUSD, XTZUSD, YFIUSD, ZRXUSD
Once this script is added to your chart and the resolution is set, it will automatically keep watching for any breakout on the above Crypto and display the results on chart for your attention. You may use the settings option of the script to screen on different time-frames. For example, you may manually select 30Min, 1H, etc., to scan on the respective time-frames. This way, you can quickly spot any opportunities emerging on different time-frames. The Screener runs independently of any symbol displayed on your chart.
NOTE - PRIOR TO USING THIS SCRIPT:
Please remember that the script is shared with absolutely no assurances about usability and any warranties whatsoever and as a responsible trader, please satisfy yourselves thoroughly and use it only if you are convinced it works for you. Remember, you are 100% responsible for your actions. If you understand and accept that, you may use the script.
QUERIES/FEEDBACK
Please PM me or leave comments.
Regards to all and wish everyone all the best with trading.
PriceCatch Australia ASX Breakout Stocks Screener FHi,
TradingView community and Australia (ASX) traders. Warm Greetings.
PriceCatch Australia (ASX) Breakout Stocks Screener
I am sharing a script that screens Australia (ASX) stocks for Probable Breakout Buy signal and Stop-Reverse Buy Signal. This script may prove to be useful to traders who trade Australia (ASX) listed stocks.
I have already shared the script "PriceCatch Signals Buy Signals" that marks the following levels on the chart.
Probable Breakout Buy Level
Stop-Reverse Buy Level
While the script "PriceCatch Signals Buy Signals" can be used independently, this script is intended to be used with the script "PriceCatch Signals Buy Signals".
Used together, these two scripts may help you identify probable breakout opportunities. This Screener will help you screen stocks that have broken out of any of the Breakout levels marked by the "PriceCatch Signals Buy Signals" script. This way you can quickly and automatically identify breakout stocks without manually going through every stock in your watchlist searching for breakout signals.
Please read the Notes of the script "PriceCatch Signals Buy Signals" for explanation of its functionality.
STOCKS SET
This Free screener scans a list of 20 stocks. The full version scans a list of 80 stocks. Care has been taken to include liquid stocks and stocks of AUD $10 and above only, to avoid penny stocks.
Chart resolution vs. Script resolution
It is suggested to set the chart resolution to a lower time-frame than the Screener resolution. For example, if the screener resolution is set to 1 Hour time-frame, set the chart resolution to less than 1 Hour time-frame and run the Screener.
CHART
The Screener runs independently and you may have any other ASX chart on your screen.
NOTE - PRIOR TO USING THIS SCRIPT:
Please remember that the script is shared with absolutely no assurances about usability and any warranties whatsoever and as a responsible trader, please satisfy yourselves thoroughly and use it only if you are satisfied it works for you. Remember, you are 100% responsible for your actions. If you understand and accept that, you may use the script.
QUERIES/FEEDBACK
Please PM me or comment.
Regards to all and wish everyone all the best with trading.
PriceCatch Forex Crypto Screener FHi,
TradingView community and Forex & Crypto traders. Warm Greetings.
PriceCatch Forex Crypto Screener Free Version.
I am sharing a script that screens Forex pairs, XAGUSD, XAUUSD, BTCUSD and ETHUSD for Probable Breakout signals. This script may prove to be useful to traders who trade in the above instruments.
Once this script is added to your chart and the resolution is set, it will automatically keep watching for any breakout on the above instruments and display the results on chart for your attention.
I have already shared the script "PriceCatch-Signals Buy Signals" that marks the following levels on the chart.
Probable Breakout Buy Level
Stop-Reverse Buy Level
While the script "PriceCatch-Signals Buy Signals" can be used independently on all instruments like stocks, Forex, Crypto, commodities etc., this script is intended to be used with the script "PriceCatch-Signals Buy Signals".
Used together, these two scripts may help you identify probable breakout opportunities. This Screener will help you screen the above instruments that have broken out of any of the Breakout levels marked by the "PriceCatch-Signals Buy Signals" script. This way you can quickly and automatically identify breakouts or anticipate them on your favorite Forex pair without manually going through your watchlist searching for breakout opportunities.
Please read the Notes of the script "PriceCatch-Signals Buy Signals" for explanation of its functionality.
FREE VERSION FOREX SET
This Free Forex screener scans a list of 11 Pairs and 2 Crypto (BTCUSD and ETHUSD). This should be enough for most traders. The full version scans all major Forex pairs and more Cryptocurrencies.
Chart resolution vs. Script resolution
It is suggested to set the chart resolution to a lower time-frame than the Screener resolution. For example, if the screener resolution is set to 1 Hour time-frame, set the chart resolution to less than 1 Hour time-frame and run the Screener.
CHART
The Screener runs independently of any symbol displayed on your chart.
NOTE - PRIOR TO USING THIS SCRIPT:
Please remember that the script is shared with absolutely no assurances about usability and any warranties whatsoever and as a responsible trader, please satisfy yourselves thoroughly and use it only if you are convinced it works for you. Remember, you are 100% responsible for your actions. If you understand and accept that, you may use the script.
QUERIES/FEEDBACK
Please PM me or leave comments.
Regards to all and wish everyone all the best with trading.
PriceCatch NASDAQ Breakout Stocks Screener FHi,
Tradingview community and NASDAQ traders. Warm Greetings.
NASDAQ Breakout Stocks Screener
I am sharing a script that screens NASDAQ stocks for Probable Breakout Buy signal and Stop-Reverse Buy Signal. This script may prove to be useful to traders who trade NASDAQ listed stocks.
I have already shared the script "PriceCatch Signals Buy Signals" that marks the following levels on the chart.
Probable Breakout Buy Level
Stop-Reverse Buy Level
While the script "PriceCatch Signals Buy Signals" can be used independently, this script is intended to be used with the script "PriceCatch Signals Buy Signals".
Used together, these two scripts may help you identify probable breakout opportunities. This Screener will help you screen stocks that have broken out of any of the Breakout levels marked by the "PriceCatch Signals Buy Signals" script. This way you can quickly and automatically identify breakout stocks without manually going through every stock in your watchlist searching for breakout signals.
Please read the Notes of the script "PriceCatch Signals Buy Signals" for explanation of its functionality.
STOCKS SET
This Free screener scans a list of 20 stocks. The full version scans a list of 160 stocks. Care has been taken to include liquid stocks with over 500K daily volume.
Chart resolution vs. Script resolution
It is suggested to set the chart resolution to a lower time-frame than the Screener resolution. For example, if the screener resolution is set to 1 Hour time-frame, set the chart resolution to less than 1 Hour time-frame and run the Screener.
CHART
The Screener runs independently and you may have any chart on your screen. As you can see chart is showing XLNX and the screener has identified a set of other stocks.
NOTE - PRIOR TO USING THIS SCRIPT:
Please remember that the script is shared with absolutely no assurances about usability and any warranties whatsoever and as a responsible trader, please satisfy yourselves thoroughly and use it only if you are satisfied it works for you. Remember, you are 100% responsible for your actions. If you understand and accept that, you may use the script.
QUERIES/FEEDBACK
Please PM me.
Regards to all and wish everyone all the best with trading.
PriceCatch Malaysia MYX Stocks Screener FHi,
Tradingview community and Malaysian MYX Traders. Warm Greetings.
Malaysia MYX Stocks Screener
I am sharing a script that screens Malaysia MYX stocks for Probable Breakout Buy signal and Stop-Reverse Buy Signal. This script may prove to be useful to traders who trade Malaysia MYX listed stocks.
I have already shared the script "PriceCatch Signals Buy Signals" that marks the following levels on the chart.
Probable Breakout Buy Level
Stop-Reverse Buy Level
While the script "PriceCatch Signals Buy Signals" can be used independently, this script is intended to be used with the script "PriceCatch Signals Buy Signals".
Used together, these two scripts may help you identify probable buy opportunities. The purpose of this script is to help screen stocks quickly without manually going through every stock in your watch list.
Please read the Notes of the script "PriceCatch Signals Buy Signals" for explanation of its functionality.
Stock Set
This Free screener scans a list of 20 stocks. The full version scans a list of 60 stocks. The stocks list will be regularly updated. Care has been taken to include liquid stocks. MYX traders may suggest liquid stocks for inclusion in full version.
Chart resolution vs. Script resolution
I have noticed that if the chart resolution is set to 15 minutes time-frame and the screener resolution is selected as 2 Hours, then the results are correct. However, if the screener resolution is set to 5 minutes, then the results are not accurate. This is not an issue with script. So scanning higher time-frames from a lower time-frame chart works better. My advice however, is better to set the chart resolution to the same interval as screener resolution for sure results.
As usual with price action, longer time-frames produce more reliable signals.
CHART
You can have any stock on your chart, while the screener is scanning the stocks independently. In the above image, chart is set to 45 minutes time frame and stock is ABMB, however screener is screening stocks in 120 minutes time frame and has found GTRONIC.
NOTE - PRIOR TO USING THIS SCRIPT:
Please remember that the script is shared with absolutely no assurances about usability and any warranties whatsoever and as a responsible trader, please satisfy yourselves thoroughly and use it only if you are satisfied it works for you. Remember, you are 100% responsible for your actions. If you understand and accept that, you may use the script.
QUERIES/FEEDBACK
Please PM me.
Regards to all and wish everyone all the best with trading.
PriceCatch Euronext Paris Stocks Screener v1Hi,
Tradingview community. Warm Greetings.
Euronext Paris Stocks Screener
I am sharing a script that screens Euronext Paris stocks for Probable Breakout Buy signal and Stop-Reverse Buy Signal. This script may prove to be useful to traders who trade Euronext Paris listed stocks.
I have already shared the script "PriceCatch Signals Buy Signals" that marks the following levels on the chart.
Probable Breakout Buy Level
Stop-Reverse Buy Level
While the script "PriceCatch Signals Buy Signals" can be used independently, this script is intended to be used with the script "PriceCatch Signals Buy Signals".
Used together, these two scripts may help you identify probable buy opportunities. The purpose of this script is to help screen stocks quickly without manually going through every stock in your watchlist.
Please read the Notes of the script "PriceCatch Signals Buy Signals" for explanation of its functionality.
Stocks Set
As Tradingview limits the number of security function calls, to get around, you have to select Set1 to screen first set of 25 stocks and then select Set2 to screen next set of 25 stocks.
List of Euronext Paris stocks
ACA AI AIR ALCRB ALGAU ALO ALONC ALVTX ATO BN BNP CA CLA COFA CS DBG DG EDF
EL ELIOR EN ENGI ETL FDJ FR FTI GET GLE MCPHY OR ORA POXEL PUB RI
RNO RXL SAF SAN SGO SMCP STLA STM SU TE TTE VIE VIV VK VLA WLN
Chart resolution vs. Script resolution
I have noticed that if the chart resolution is set to 15 minutes time-frame and the screener resolution is selected as 2 Hours, then the results are correct. However, if the screener resolution is set to 5 minutes, then the results are not accurate. This is not an issue with script. So scanning higher time-frames from a lower time-frame chart works better. My advice however, is better to set the chart resolution to the same interval as screener resolution for sure results.
As usual with price action, longer time-frames produce more reliable signals.
SOME CHARTS
Chart set to Daily time-frame and shows Derichebourg stock. Screener shows a Stop-Reverse Buy Opportunity on GET.
s3.tradingview.com
Example 2
Chart set to 30 min. timeframe and shows Derichebourg stock. Screener shows a Stop-Reverse Buy Opportunity on VIV .
s3.tradingview.com
NOTE - PRIOR TO USING THIS SCRIPT
Please remember that the script is shared with absolutely no assurances about usability and any warranties whatsoever and as a responsible trader, please satisfy yourselves thoroughly and use it only if you are satisfied it works for you. Remember, you are 100% responsible for your actions. If you understand and accept that, you may use the script.
QUERIES/FEEDBACK
Please PM me.
Regards to all and wish everyone all the best with trading.
PriceCatch - EuronextParis-Stocks screenerHi,
Tradingview community. Warm Greetings.
EuronextParis Stocks Screener
I am sharing a script that screens Euronext Paris stocks for Probable Breakout Buy signal and Stop-Reverse Buy Signal. This script may prove to be useful to traders who trade Euronext Paris listed stocks.
I have already shared the script "PriceCatch-Signals - Buy Signals" that marks the following levels on the chart.
Probable Breakout Buy Level
Stop-Reverse Buy Level
While the script "PriceCatch-Signals - Buy Signals" can be used independently, this script is intended to be used with the script "PriceCatch-Signals - Buy Signals".
Used together, these two scripts may help you identify probable buy opportunities. The purpose of this script is to help screen stocks quickly without manually going through every stock in your watchlist.
Please read the Notes of the script "PriceCatch-Signals - Buy Signals" for explanation of its functionality.
Stock Set
As Tradingview limits the number of security function calls, to get around, you have to select Set1 to screen first set of 25 stocks and then select Set2 to screen next set of 25 stocks.
Chart resolution vs. Script resolution
I have noticed that if the chart resolution is set to 15 minutes timeframe and the screener resolution is selected as 2 Hours, then the results are correct. However, if the screener resolution is set to 5 minutes, then the results are not accurate. This is not an issue with script. So scanning higher timeframes from a lower timeframe chart works better. My advice however, is better to set the chart resolution to the same interval as screener resolution for sure results.
As usual with price action, longer time-frames produce more reliable signals.
SOME CHARTS
Chart set to Daily timeframe and shows Derichebourg stock. Screener shows a Stop-Reverse Buy Opportunity on GET.
Example 2
Chart set to 30 min. timeframe and shows Derichebourg stock. Screener shows a Stop-Reverse Buy Opportunity on VIV.
NOTE - PRIOR TO USING THIS SCRIPT:
Please remember that the script is shared with absolutely no assurances about usability and any warranties whatsoever and as a responsible trader, please satisfy yourselves thoroughly and use it only if you are satisfied it works for you. Remember, you are 100% responsible for your actions. If you understand and accept that, you may use the script.
QUERIES/FEEDBACK
Please PM me.
Regards to all and wish everyone all the best with trading.
PriceCatch-Signals - Buy SignalsHi,
TradingView Community.
Here is a script that identifies and marks two different buy levels on the chart. It works on all asset classes - equities, forex, crypto.
Probable Breakout Buy Level
Stop-Reverse Buy Level
The bottom images are self-explanatory.
PROBABLE BREAKOUT BUY LEVEL EXAMPLE:
STOP-REVERSE BUY LEVEL EXAMPLE:
IDENTIFICATION OF LEVELS:
The Blue Dotted line represents Probable Breakout Buy Level and the Blue Dashed Line Stop-Reverse Buy Level. The corresponding Red Dotted line below each level should be your initial stop loss price point.
PLAYING SAFE
After taking the trade, to play safe, I follow this method that once the Low of the price goes above the Buy Level, I usually shift the stop loss to buy price to protect against any sudden reversal. For me protecting capital is important. As usual with price action, longer time-frames produce more reliable signals.
NOTE - PRIOR TO USING THIS SCRIPT:
The script uses Heikin-Ashi Candles data to identify the levels. You may use this script in addition to your other indicators or in isolation. Please remember that the script is shared with absolutely no assurances and warranties whatsoever and as a responsible trader, please satisfy yourselves thoroughly and use it only if you are satisfied it works for you. Remember, you are 100% responsible for your actions. If you understand and accept that, you may use the script. The script does not identify any short signals.
ADDITIONAL NOTE:
I shall also be releasing Screener scripts that scan the following markets for the above two conditions or signals thereby helping traders spot opportunities at the right time by making the task of finding right stocks a breeze.
NASDAQ Stocks Screener (Can screen a total number of 160 stocks. 40 stocks at a time)
UK LSE Stocks Screener (Can screen a total number of 90 stocks. 30 stocks at a time)
Euronext Paris Stocks Screener (Can screen a total number of 50 stocks. 25 stocks at a time) - in development.
Singapore Stocks Screener is in development
Other International exchanges will be added based on response from users.
SOME MORE CHARTS:
QUERIES/FEEDBACK
Please PM me.
Regards to all and wish everyone all the best with trading.
