SPY, QQQ, VIX Status TableBased on Ripster EMA and 1 hour MTF Clouds, this custom TradingView indicator displays a visual trend status table for SPY, QQQ, and VIX using multiple timeframes and EMA-based logic to be used on any stock ticker.
🔍 Key Features:
✅ Tracks 3 symbols: SPY, QQQ, and VIX
✅ Multiple trend conditions:
10-min (5/12 EMA) Ripster cloud trend
10-min (34/50 EMA) Ripster cloud trend
1-Hour Multi-Timeframe Ripster EMA trend
Daily open/close trend
✅ Color-coded trend strength:
🟩 Green = Bullish
🟥 Red = Bearish
🟨 Yellow = Sideways
✅ TO save screen space, customizations available:
Show/hide individual rows (SPY, QQQ, VIX)
Show/hide any trend column (10m, 1H MTF, Daily)
Change header/background colors and font color
Bold white top row for readability
✅ Auto-updating table appears on your chart, top-right
This tool is great for active traders looking to quickly scan short-term and longer-term momentum in key market instruments without having to go back and forth market charts.
Moving Averages
Logarithmic Moving Average (LMA) [QuantAlgo Original Author: QuantAlgo
License: Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International
Source: creativecommons.org
This script is originally developed by QuantAlgo and is shared under the CC BY-NC-SA 4.0 license.
I have reused and slightly modified it for personal learning and for the benefit of the TradingView community.
All core credits belong to QuantAlgo.
This version remains fully open-source and non-commercial, respecting the original license terms.
Anyone reusing or modifying this script must keep the same license and attribution.
— Modified & shared publicly by Mark804
🟡🔵🟢🔴Beginner's Assistant by carljchapman🟡🔵🟢🔴
Overview
This indicator dynamically marks highs and lows of the premarket (4:00am-9:30amEST) and opening range. It displays Fair Value Gaps, 9 and 21 period Exponential Moving Averages (EMA) and the Volume Weighted Average Price (VWAP). To really help beginners, it marks suggested entry points on the chart with green or red triangles, when a reasonable trend appears.
Features
Automatically draws blue lines for Premarket High and Low values
Dynamically marks the opening Range region
Visual entry signals for long and short opportunities
Primarily used for stocks/funds , but works with forex and crypto
Quick configuration settings to tailor details for your experience level
Mobile friendly mode
Supports alerts
How To Use
Open your chart, and select a 1 or 2 minute timeframe.
Watch for green triangles and red triangles, hinting at entries for long or short positions. Pay particular attention to the price action as it approaches the bounds of the opening range and the premarket levels. I suggest also using a MACD indicator for confirmation of the trend.
For scalping 0dte Options, switch frequently between the 1 ,2 and 5 minute or higher timeframes. Do this so you will not miss an entry opportunity or be unaware of the overall trend.
As a beginner, until you have refined your strategy and develop risk management, take profits as low as 10%. A small profit can quickly become a much larger loss. With 0dte options, time will devour your profits even when the price doesn’t budge.
What makes this indicator so beginner friendly?
Charts with too many lines and colors are are a nightmare for beginners! And empty charts do not tell the whole story. Simple checkboxes in the configuration settings let you turn on and off features to match your comfort level. As you become more familiar you might try turning off the suggested entries to see if you would have selected the same or better ones yourself. Just one example of how you will learn and verify your knowledge. You will quickly spot Opening Range Breakouts and more.
Why are the triangle pointers not simply above or below the bars?
As a beginner, I like to review charts to see how much the price changed, then estimate how much a contract would move based on its delta. A mouthful, I know. But what price does an arrow pointing up below a bar reflect? Would I have entered at the open or close, low or high? This indicator helps by putting the marker close to the price when indicated. It can even display the actual price on the bar. This is helpful for you to make fast calculations without a measuring tool.
I am an experienced trader. Can this help me make winning trades?
Sure. It can also help you make losing ones! Profit is not guaranteed with any indicator or strategy. This indicator is designed to assist you as you learn and while you trade. You won't see the words BUY or SELL. This is not a signal bot! It is merely a tool to assist you. You can learn a lot by spending time observing price movement using this indicator without ever making a single trade.
🟡🔵🟢🔴
Adaptive Trend Cloud + Smart Reversal Zones [@darshakssc]This indicator combines a volatility-adjusted trend cloud with RSI- and volume-based reversal signals to help traders visually spot potential trend continuation or reversal zones.
It’s designed to look clean, colorful, and informative — great for both beginners and experienced traders looking for chart clarity and actionable insights.
🔍 How It Works
🔵 1. Trend Cloud
1. The cloud is created using a 34-period EMA as the base and adjusted with a 14-period ATR multiplier.
2. When price is above the EMA, the cloud turns green (bullish).
3. When price is below the EMA, it turns red (bearish).
4. A neutral gray tone shows when price is inside the cloud, signaling potential indecision.
🔁 2. Smart Reversal Signal Logic
1. Signals appear only when price enters the cloud zone, indicating a potential change in direction.
2. To confirm the reversal, the following conditions must also be met:
3. RSI is below 40 (for bullish reversals) or above 60 (for bearish reversals)
4. A volume spike occurs (1.8× the 20-bar volume average)
5. A cooldown of 10 bars between signals prevents overplotting
🎯 3. TP & SL Labels
1. When a valid buy or sell signal appears:
🎯 TP (Take Profit) is placed at 2× ATR distance
🛑 SL (Stop Loss) is placed at 1× ATR distance
These levels are shown via chart labels for visual reference
🛎️ 4. Alerts
1. Built-in alerts trigger on:
🟢 Buy reversal signals
🔴 Sell reversal signals
✅ How to Use
1. Apply the indicator to any chart (works best on 5min–4h timeframes)
2. Look for the 🟢 Buy / 🔴 Sell labels when price touches the cloud
3. Use the visual TP/SL markers as reference zones — not financial advice
4. Combine with your own risk management, price action or confluence tools
⚙️ Customization Options
1. EMA & ATR lengths and multipliers
2. RSI and volume thresholds
3. Signal cooldown to reduce noise
4. Toggle TP/SL zones on or off
⚠️ Disclaimer
This script is for educational purposes only and does not constitute financial advice. Always test on demo accounts and combine with your own trading system.
MA Table [RanaAlgo]The "MA Table " indicator is a comprehensive and visually appealing tool for tracking moving average signals in TradingView. Here's a short summary of its usefulness:
Key Features:
Dual MA Support:
Tracks both EMA (Exponential Moving Average) and SMA (Simple Moving Average) signals (10, 20, 30, 50, 100 periods).
Users can toggle visibility for EMA/SMA separately.
Clear Signal Visualization:
Displays Buy (▲) or Sell (▼) signals based on price position relative to each MA.
Color-coded (green for buy, red for sell) for quick interpretation.
Customizable Table Design:
Adjustable position (9 placement options), colors, text size, and border styling.
Alternating row colors improve readability.
Optional MA Plots:
Can display the actual MA lines on the chart for visual confirmation (with distinct colors/styles).
Usefulness:
Quick Overview: The table consolidates multiple MA signals in one place, saving time compared to checking each MA individually.
Trend Confirmation: Helps confirm trend strength when multiple MAs align (e.g., price above all MAs → strong uptrend).
Flexible: Suitable for both short-term (10-20 period) and long-term (50-100 period) traders.
Aesthetic: Professional design enhances chart clarity without clutter.
Ideal For:
Traders who rely on moving average crossovers or price-MA relationships.
Multi-timeframe analysis when combined with other tools.
Beginners learning MA strategies (clear visual feedback).
Indicator TesterIndicator Tester
Designed to evaluate and backtest a composite trading signal based on multiple technical indicators across volatility, volume, momentum, and moving average categories. It is suitable for assets like Bitcoin, on all timeframes.
Key Features:
Indicator Selection: Allows users to enable/disable indicators such as CCI, Bollinger Bands, RVI, MFI, VZO, EFI, KVO, VPT, COPP, RSI, StochRSI, MOM, TRIX, SMI, MA Cross, RTI, and Simple MA, with customizable parameters.
Customizable Inputs:
Individual indicator settings (e.g., lengths, thresholds).
Flip threshold to adjust the signal activation point.
Backtest settings including custom start date, signal type (Long & Short, Long Only, Short Only), and fees.
Table positions for performance and settings display.
Visualization:
Plots an equity curve (orange for positive signals, white otherwise) and a buy-and-hold equity curve (blue).
Displays a performance table comparing indicator equity, drawdown, standard deviation, Sharpe, Sortino, and Omega ratios with buy-and-hold metrics.
A settings table shows backtest start date, fees, number of indicators used, and flip threshold.
Usage:
Enables traders to test and optimize a strategy by combining selected indicators, with performance metrics calculated from the equity curve.
The equity curve and backtest tables help compare the strategy against a buy-and-hold approach.
Ideal for overlay on a 1-day chart to analyze historical performance, as depicted in the Bitcoin/USD chart.
SPY, QQQ, VIX - Multi TF Trend Table***CURRENTLY IN BACKTESTING PHASE***
This TradingView script creates a real-time multi-timeframe trend status table for SPY, QQQ, and VIX using the Ripster-style EMA cloud logic.
🔍 What It Shows:
Current Price (1 Min): Live snapshot of each symbol.
10min Trend (5/12 EMA): Short-term momentum.
10min Trend (34/50 EMA): Intermediate-term direction.
1 Hour Trend: Higher timeframe trend.
Daily Trend: Long-term trend using 5/12 and 34/55 EMA alignment.
Each cell is color-coded:
✅ Green = Bullish
❌ Red = Bearish
Yellow can be used for neutral if customized.
⚙️ How It Works:
Uses request.security() to pull multi-timeframe EMA values for each symbol.
Compares fast/slow EMAs to determine bullish or bearish alignment.
The table is refreshed live and placed in a corner of your choice.
✅ Ideal For:
Trend traders using Ripster EMA clouds
SPY/QQQ/VIX correlation watchers
Traders seeking real-time trend clarity across multiple timeframes
CerberusFX Greedy SquirrelCerberusFX Greedy Squirrel
Ever wish you could trade with the cunning of a squirrel snatching the best nuts? Meet the CerberusFX Greedy Squirrel, a TradingView indicator that’s equal parts clever and cheeky! Licensed under Mozilla Public License 2.0, this script spots bullish and bearish signals with the finesse of a forest critter, using dual moving averages (MA) to filter out the market’s chaff.
Toggle it to signal on every candle for rapid-fire trades or stick to alternating buy/sell signals for a smoother ride. Choose your MA flavor (EMA or SMA), tweak fast and slow MA lengths, and decide whether to filter signals above/below one or both MAs. It’s like giving a squirrel a GPS to find the juiciest opportunities! Green triangles mark buy signals, red triangles flag sells, and alerts keep you in the loop. Perfect for traders who want precision without losing their sense of humor.
WaveTrend with CrossesWaveTrend with Crosses — Spot Golden & Dead Crosses with Precision!
WaveTrend with Crosses is a customized version of the classic WaveTrend oscillator, enhanced with clean visual signals to help you pinpoint momentum shifts through golden and dead crosses.
✅ Key Features
Momentum analysis based on WaveTrend (WT1 & WT2)
Detects Golden Cross (WT1 crosses above WT2) and
Dead Cross (WT1 crosses below WT2)
Customizable Overbought/Oversold zones (defaults: ±60, ±53)
Visual circle markers on valid crossovers for easy recognition
Built-in alert system to notify you of real-time cross signals
📊 How to Use
Add the indicator to your chart and choose your desired symbol & timeframe.
The blue shaded area shows the divergence between WT1 and WT2 — a visual cue for momentum buildup.
Circle markers:
Red circle: Dead cross — potential bearish momentum
Green circle: Golden cross — potential bullish reversal
Customize the settings to fit your personal trading strategy if needed.
🛠 User Inputs
n1, n2: Channel lengths (default: 10 and 21)
obLevel, osLevel: Overbought/Oversold thresholds (default: ±60 / ±53)
standardValue: Threshold used to validate significant crossovers (default: 60)
🔔 Alert System
Get notified with alerts like "Golden Cross" or "Dead Cross" when key crossovers occur,
helping you react quickly and confidently.
⚠️ Notes
Past performance is not indicative of future results — always backtest and use in conjunction with other tools.
Low timeframes may generate frequent signals; filtering or confirmation is recommended.
💡 Author's Note
Simple and effective — this tool is designed to focus solely on cross-based entries.
Ideal for momentum-based scalping or swing trading strategies.
Feel free to customize and tweak as needed! 😄
Elliott Wave Probability SystemAdvanced Elliott Wave analysis system with AI-powered probability calculations for price targets. Combines multiple technical indicators to generate high-probability trading signals with specific price objectives.
🎯 KEY FEATURES:
- Automatic Elliott Wave pattern detection
- Dynamic Fibonacci retracement & extension levels
- Probability-weighted price targets (up to 10 levels)
- Multi-indicator confluence scoring system
- Real-time probability calculations
- Visual wave projections with success rates
- Comprehensive status dashboard
📊 TECHNICAL INDICATORS INTEGRATED:
- Elliott Wave pattern recognition
- Fibonacci levels (0-261.8%)
- RSI momentum analysis
- MACD trend confirmation
- Stochastic oscillator
- Volume spike detection
- Weighted scoring algorithm
💡 PROBABILITY ENGINE:
- Calculates target probabilities based on:
- Current wave position
- Technical indicator alignment
- Volume confirmation
- Market structure
- Updates in real-time
- Adjusts for market conditions
🎨 VISUAL ELEMENTS:
- Wave connection lines
- Fibonacci grid with prices
- Probability table with 5-10 targets
- Color-coded signal strength
- Status dashboard
- Target projection lines
🔧 CUSTOMIZATION:
- Adjustable wave detection period
- Number of price targets (3-10)
- Toggle visual elements
- Custom color schemes
- Flexible indicator parameters
📈 TRADING METHODOLOGY:
- Entry: High probability targets + confluence
- Exit: Target completion or signal reversal
- Risk: Use Fibonacci levels for stops
- Position sizing: Based on probability %
Perfect for traders seeking objective, probability-based price targets using Elliott Wave theory combined with technical confirmation.
⚡ ALERTS INCLUDED:
- Strong buy/sell signals
- Target approach notifications
- Wave completion alerts
Correlating AI Agent coded by ITECS .
Trend Impulse Channels [With Simple MA]Trend Impulse Channels + MA | Premium Modified Version
This is a **premium modified version** of the original **Trend Impulse Channels** script by **Zeiierman**, enhanced and republished by **Markking77**.
This version includes a clean **Moving Average (MA)** overlay to add extra trend confirmation.
*What’s New:**
- MA overlay for better trend visibility.
- All original trend impulse logic retained.
- Clean, customizable signals for retests & trend steps.
- Fully adjustable style for premium look.
Original Script Info:**
- **Original Author:** © Zeiierman
- **Modified & Published by:** © Markking77
- **License:** (creativecommons.org)
**Disclaimer:**
This script is **for educational purposes only** and not financial advice. Always do your own research and trade responsibly.
SMA CrossoverThis is a SMA crossover I used Grok to build. The source code is open so you guys can add it to your stuff.
I could not find what I was looking for so I had it built.
I am a house painter not a coder. XD
Double Banded Momentum CloudDouble Banded Momentum Cloud (DBMC) extends the logic of BMC by layering two volatility bands around a moving average to create stacked momentum thresholds. It compares a fast Exponential Moving Average (EMA) to a slow Simple Moving Average (SMA), while introducing inner and outer bands based on standard deviation multipliers.
SMA defines the central trend anchor.
EMA captures short-term price momentum.
Band A (inner) represents normal volatility range.
Band B (outer) flags extended or extreme conditions.
Momentum Cloud between EMA and SMA visualizes bias.
By observing how the EMA interacts with these bands, traders can distinguish between ordinary momentum and more aggressive or potentially exhausted moves.
(EMA/KAMA/Kijun)EMA/KAMA/Kijun with background is a versatile trend-detection indicator that allows users to choose between three types of moving averages:
EMA (Exponential Moving Average)
KAMA (Kaufman Adaptive Moving Average)
Kijun-sen (from the Ichimoku system)
The indicator automatically detects trend shifts based on candlestick interactions with the selected MA line, and visually reflects the current trend direction using dynamic background coloring. Its goal is to help traders quickly interpret trend strength and direction—without relying on multiple indicators.
How it works
The indicator follows this logic to detect bullish and bearish conditions:
Bullish signal (green trend):
When the candle closes above the selected MA and both the open and close are above the MA, a bullish trend is signaled and the chart background turns green.
Bearish signal (red trend):
When the candle closes below the MA and both the open and close are below it, a bearish trend is triggered and the background turns red.
The background color remains until an opposite signal appears, ensuring a consistent visual representation of the current trend phase.
What it does and why it’s useful
Unlike standard moving average indicators that only plot lines, KINSKI Flexi Trend MA provides:
Flexibility to switch between different MA types (EMA, KAMA, or Kijun), allowing users to adapt it to various market environments.
Visual context via background color that enhances clarity—even when scanning multiple charts or working across timeframes.
KAMA uses fixed internal parameters (fast=2, slow=30) to provide a responsive, noise-filtering MA line.
Kijun-sen is calculated as the midpoint between the highest high and lowest low over a user-defined period, similar to its role in Ichimoku.
This combination of visual clarity and analytical flexibility makes the indicator highly suitable for:
Trend-following strategies
Breakout confirmation
Scalping (on lower timeframes)
Swing trading
How to use it
Select the MA type from the dropdown:
EMA (standard exponential moving average)
KAMA (adaptive smoothing)
Kijun-sen (Ichimoku mid-line)
Adjust the MA length depending on your trading style or timeframe:
e.g., EMA 50 for medium-term trend, Kijun 9 for faster signals.
Observe the background color:
Green → bullish trend in progress.
Red → bearish trend in progress.
Background color change may serve as an entry or exit confirmation.
Triple Banded Momentum CloudTriple Banded Momentum Cloud (TBMC) is an advanced, customizable momentum indicator that blends multiple moving averages with layered volatility zones. It builds on the DBMC framework by allowing full control over the type and length of three distinct moving averages: signal, trend, and base.
Signal MA tracks short-term price momentum.
Trend MA anchors the core standard deviation bands.
Base MA provides long-term market context.
Three volatility bands (A/B/C) adapt dynamically to market conditions using user-defined standard deviation multipliers.
Momentum Cloud shades between signal and base for a directional read.
This tool is highly adaptable — suitable for trend-following, mean reversion, or volatility breakout strategies. Customization is key: choose MA types (SMA, EMA, RMA, etc.) to match your trading context.
Daily EMAs (8, 21 & 50) with BandDescription:
This script plots the Daily EMAs (8, 21, and 50) on any intraday or higher timeframe chart. It provides a clear, multi-timeframe view of market trends by using daily exponential moving averages (EMAs) and a dynamic visual band. I use this on the major indexes to decide if I should be mostly longing or shorting assets.
-In addition to identifying the trend structure, the 8-Day EMA often serves as a key area where buyers or sellers may become active, depending on the market direction:
-In an uptrend, the 8 EMA can act as a dynamic support zone, where buyers tend to re-enter on pullbacks.
-In a downtrend, the same EMA may act as resistance, where sellers become more aggressive.
-The script also includes a colored band between the 8 and 21 EMAs to highlight the short-term trend bias:
-Green fill = 8 EMA is above the 21 EMA (bullish structure).
Blue fill = 8 EMA is below the 21 EMA (bearish structure).
The 50-Day EMA is included to give additional context for intermediate-term trend direction.
Features:
- Daily EMA levels (8, 21, and 50) calculated regardless of current chart timeframe.
- 8 EMA acts as a potential buyer/seller zone based on trend direction.
- Color-coded band between 8 and 21 EMAs:
- Green = Bullish short-term bias
- Blue = Bearish short-term bias
- Customizable price source and EMA offset.
- Suitable for trend trading, pullback entries, and higher-timeframe confirmation.
Use Cases:
Identify key dynamic support/resistance areas using the 8 EMA.
Assess short-, medium-, and intermediate-term trend structure at a glance.
Enhance confluence for entry/exit signals on lower timeframes.
Banded Momentum CloudBanded Momentum Cloud (BMC) is a visual momentum indicator that blends trend-following averages with volatility-based thresholds. It compares a fast Exponential Moving Average (EMA) to a slower Simple Moving Average (SMA), while using a standard deviation band around the SMA to define momentum boundaries.
SMA provides the baseline trend.
EMA responds faster and highlights momentum shifts.
Standard Deviation Bands (above and below SMA) act as adaptive thresholds.
Momentum Cloud fills the space between the EMA and SMA to illustrate the directional bias and intensity.
When the EMA pushes beyond the upper or lower band, it may signal increased momentum or volatility in that direction.
HSI1! First 30m Candle Strategy (15m Chart)## HSI1! First 30-Minute Candle Breakout Strategy (15m Chart) — Description
### Overview
This strategy is designed for trading **Hang Seng Index (HSI) Futures** on a 15-minute chart. It uses the price range established during the first 30 minutes of the Hong Kong main session (09:15–09:44:59) to define key breakout levels for a systematic trade entry each day.
### How the Strategy Works
#### 1. Reference Candle Period
- **Aggregation Window:** The strategy monitors the first two 15-minute bars of the session (09:15:00–09:44:59 HKT).
- **Range Capture:** It records the highest and lowest prices (the "reference high/low") during this window.
#### 2. Trade Setup
- After the 09:45 bar completes, the reference range is locked in.
- Throughout the rest of the trading day (within session hours), the strategy looks for breakouts beyond the reference range.
#### 3. Entry Rules
- **Long Entry (Buy):**
- Triggered if price rises to or above the reference high.
- Only entered if the user's settings permit "Buy Only" or "Both".
- **Short Entry (Sell):**
- Triggered if price falls to or below the reference low.
- Only entered if the user's settings permit "Sell Only" or "Both".
- **Single trade per day:**
- Once any trade executes, no additional trades are opened until the next session.
#### 4. Exit Rules
- **Take Profit (TP):**
- Target profit is set to a distance equal to the initial range added above the long entry (or subtracted below the short entry).
- Example: For a 100-point range, a long trade targets entry + 100 points.
- **Stop Loss (SL):**
- Longs are stopped out if price falls back to the session's reference low; shorts are stopped out if price rallies to the reference high.
#### 5. Session Control
- Active only within the regular day session (09:15–12:00 and 13:00–16:00 HKT).
- Trade tracking resets each new trading day.
#### 6. Trade Direction Manual Setting
- A user input allows restriction to "Buy Only", "Sell Only" or "Both" directions, providing discretion over daily bias.
### Example Workflow
| Step | Action |
|---------------------------|-------------------------------------------------------------------------|
| 09:15–09:44 | Aggregate first two 15m candles; record daily high/low |
| After 09:45 | Wait for a breakout (price crossing either the high or the low) |
| Long trade triggered | Enter at the reference high, target is "high + range", SL is at the low |
| Short trade triggered | Enter at the reference low, target is "low - range", SL at the high |
| Trade management | No more trades for the day, regardless of further breakouts |
| End of session (if open) | Trades may be closed per further logic or left to strategy to handle |
### Key Features and Benefits
- **Discipline:** Only one trade per day, minimizing overtrading.
- **Clarity:** Transparent entry/exit rules; no discretionary execution.
- **Flexibility:** User can bias system to buy-only, sell-only, or allow both, depending on trend or personal view.
- **Simple Risk Control:** Pre-defined stop loss and profit target for every trade.
- **Works best in:** Trending, breakout-prone markets with a history of impulsive moves early in the session.
This strategy is ideal for systematic traders looking to capture the Hang Seng's early session momentum, with robust rule-based management and minimal intervention.
EMAs + VWAP + SMADaytrade Dream:
5 EMAs
1SMA
VWAP
This script is used to plot on the chart:
5 EMAS:
10,20,50,100 and 200
VWAP:
White Vwap line
1 SMA:
200 SMA
Minimalist Trend & Risk For 5-Min Timeframe
Of course. Here is a professionally written TradingView description for your indicator, following the specified formatting and incorporating the strategy you outlined.
Minimalist Trend & Risk For 5-Min Timeframe
Overview
This is a clean, on-chart visual tool designed to identify high-probability entries and manage risk, specifically tailored for a 5-minute scalping or day trading strategy. It combines a higher-timeframe trend anchor with a current-timeframe trigger line and a volatility-based stop loss level, keeping your chart uncluttered and your decisions clear.
Visual Components
Trend EMA (50-period, 15-min): This is your main trend guide. The thick, colored line represents the 50 EMA from the 15-minute chart.
Green: Confirmed uptrend.
Red: Confirmed downtrend.
Gray: Neutral or consolidating market.
Price EMA (21-period, 5-min): The thin white line is the 21 EMA based on your current chart (5-minute). This acts as a dynamic trigger line that price must reclaim after a pullback.
Stop Loss Zone (ATR-based): The thin red line provides a suggested stop loss level based on current market volatility (ATR). It automatically appears below price in an uptrend and above price in a downtrend, helping you define your risk on every trade.
How To Use for a Long Entry Strategy
The strategy is to trade pullbacks in the direction of the higher-timeframe trend. This indicator helps you visualize each step of the setup.
1. Identify the Trend: Wait for the main Trend EMA (the thick line) to be green. This confirms you are in an established uptrend on the 15-minute timeframe and should only be looking for long entries.
2. Wait for a Pullback: The core of the strategy is patience. Wait for a 5-minute candlestick to pull back and close below the 15-minute Trend EMA. This confirms a temporary dip within the larger uptrend, offering a better entry price.
3. Spot the Entry Trigger: After the pullback, the entry signal occurs when a 5-minute candlestick closes back above the faster, white Price EMA (21-period). This signals that momentum is returning in the direction of the main trend.
4. Manage Your Risk: Use the red Stop Loss Zone line that appears below your entry as a guide to set your initial stop loss. This helps ensure your risk is managed dynamically based on current volatility.
This indicator simplifies a powerful pullback strategy by plotting all the necessary components directly on your chart, allowing for quick and disciplined trade execution.
CBC Flip SonBThis script uses several different indicators like vwap, ema's and cbc candle flips.
This script scalping script is best used on the smaller timeframes (10m, 5m)
