Options Cumulative Chart AnalysysThis Pine Script is a comprehensive tool designed for traders analyzing options data on TradingView. It aggregates multiple symbols to calculate and visualize cumulative performance, providing essential insights for decision-making.
Key Features:
Symbol and Strike Price Configuration:
Supports up to four configurable symbols (e.g., NIFTY options).
Allows defining buy/sell actions, quantities, and entry premiums for each symbol.
Customizable Chart Display:
Plot candlesticks and line charts for cumulative data.
Configurable Exponential Moving Averages (EMAs) for technical analysis.
Entry and price lines with customizable colors.
Timeframe Management:
Supports higher timeframe (HTF) candles.
Ensures compatibility with the current chart timeframe to maintain accuracy.
Dynamic Coloring and Visualization:
Red, green, and gray color schemes for body and wicks of candlesticks based on price movements.
Customizable positive and negative color schemes.
Table for Data Representation:
Displays an info table showing symbols, quantities, entry prices, and latest traded prices (LTP).
Adjustable table position, overlay, and styling.
Premium and Profit/Loss Calculations:
Calculates cumulative open, high, low, and close prices considering premiums and quantities.
Tracks the profit and loss dynamically based on cumulative premiums and market prices.
Alerts and Notifications:
Alerts triggered on specific conditions, such as when the profit/loss turns negative.
Modular Functions:
Functions for calculating high/low/open/close values, combining premiums, and drawing candlesticks.
Utilities for symbol management and security requests.
Custom Settings:
Includes a wide range of input options for customization:
Timeframes, EMA lengths, colors, table configurations, and more.
Error Handling:
Validates timeframe inputs to ensure compatibility and prevent runtime errors.
This script is designed for advanced traders looking for a customizable tool to analyze cumulative options data efficiently. By leveraging its modular design and visual elements, users can make informed trading decisions with a holistic view of market movements.
Indicators and strategies
High/Mid/Low of the Previous Month, Week and Day + MAIntroducing the Ultimate Price Action Indicator
Take your trading to the next level with this feature-packed indicators. Designed to provide key price insights, this tool offers:
- Monthly, Weekly, and Daily Levels : Displays the High, Midpoint, and Low of the previous month, week, and day.
- Logarithmic Price Lines : Option to plot price levels logarithmically for enhanced accuracy.
- Customizable Labels : Display labels on price lines for better clarity. (This feature is optional.)
- Dual Moving Averages : Add two customizable Moving Averages (Simple, Exponential, or Weighted) directly on the price chart. (This feature is optional.)
This code combines features from the Moving Average Exponential and Daily Weekly Monthly Highs & Lows (sbtnc) indicators, with custom modifications to implement unique personal ideas.
Perfect for traders who want to combine precision with simplicity. Whether you're analyzing historical levels or integrating moving averages into your strategy, this indicator provides everything you need for informed decision-making.
To prevent change chart scale, right click on Price Scale and enable "Scale price chart only"
Candlestick Patterns with SignalsIdentified Patterns:
Bullish Engulfing: Indicates potential upward price movement, marked with green labels and lines.
Bearish Engulfing: Suggests potential downward price movement, marked with red labels and lines.
Hammer: A bullish reversal pattern, marked with blue labels.
Shooting Star: A bearish reversal pattern, marked with orange labels.
Signal Generation:
Long Signal: Triggered when a Bullish Engulfing or Hammer pattern is detected. A dotted green line marks the entry level.
Short Signal: Triggered when a Bearish Engulfing or Shooting Star pattern is detected. A dotted red line marks the entry level.
Visual Elements:
Labels indicating the candlestick pattern names appear at the relevant candles.
Lines connect the previous and current candles for engulfing patterns to highlight their range.
Dotted lines indicate potential entry levels for long or short trades.
MA Direction Histogram
The MA Direction Histogram is a simple yet powerful tool for visualizing the momentum of a moving average (MA). It highlights whether the MA is trending up or down, making it ideal for identifying market direction quickly.
Key Features:
1. Custom MA Options: Choose from SMA, EMA, WMA, VWMA, or HMA for flexible analysis.
2. Momentum Visualization: Bars show the difference between the MA and its value from a lookback period.
- Blue Bars: Upward momentum.
- Yellow Bars: Downward momentum.
3. Easy Customization: Adjust the MA length, lookback period, and data source.
How to Use:
- Confirm Trends: Positive bars indicate uptrends; negative bars suggest downtrends.
- *Spot Reversals: Look for bar color changes as potential reversal signals.
Compact, intuitive, and versatile, the "MA Direction Histogram" helps traders stay aligned with market momentum. Perfect for trend-based strategies!
[blackcat] L1 Extreme Shadows█ OVERVIEW
The Pine Script provided is an indicator designed to detect market volatility and extreme shadow conditions. It calculates various conditions based on simple moving averages (SMAs) and plots the results to help traders identify potential market extremes. The primary function of the script is to provide visual cues for extreme market conditions without generating explicit trading signals.
█ LOGICAL FRAMEWORK
Structure:
1 — Input Parameters:
• No user-defined input parameters are present in this script.
2 — Calculations:
• Calculate Extreme Shadow: Checks if the differences between certain SMAs and prices exceed predefined thresholds.
• Calculate Buy Extreme Shadow: Extends the logic by incorporating additional SMAs to identify stronger buy signals.
• Calculate Massive Bullish Sell: Detects massive bullish sell conditions using longer-term SMAs.
3 — Plotting:
• The script plots the calculated conditions using distinct colors to differentiate between various types of extreme shadows.
Data Flow:
• The close price is passed through each custom function.
• Each function computes its respective conditions based on specified SMAs and thresholds.
• The computed values are then summed and returned.
• Finally, the aggregated values are plotted on the chart using the plot function.
█ CUSTOM FUNCTIONS
1 — calculate_extreme_shadow(close)
• Purpose: Identify extreme shadow conditions based on 8-period and 14-period SMAs.
• Functionality: Computes the difference between the 8-period SMA and the close price, and the difference between the 14-period SMA and the 4-period SMA, relative to the 6-period SMA. Returns 2 if both conditions exceed 0.04; otherwise, returns 0.
• Parameters: close (price series)
• Return Value: Integer (0 or 2)
2 — calculate_buy_extreme_shadow(close)
• Purpose: Identify more robust buy signals by evaluating multiple SMAs.
• Functionality: Considers the 8-period SMA along with additional SMAs (21, 42, 63, 84, 105) and combines multiple conditions to provide a comprehensive buy signal.
• Parameters: close (price series)
• Return Value: Integer (sum of conditions, ranging from 0 to 14)
3 — calculate_massive_bullish_sell(close)
• Purpose: Detect massive bullish sell conditions using longer-term SMAs.
• Functionality: Evaluates conditions based on the 8-period SMA and longer-term SMAs (88, 44, 22, 11, 5), returning a sum of conditions meeting specified thresholds.
• Parameters: close (price series)
• Return Value: Integer (sum of conditions, ranging from 0 to 10)
█ KEY POINTS AND TECHNIQUES
• Advanced Pine Script Features:
• Multiple Nested Conditions: Uses nested conditions to assess complex market scenarios.
• Combination of Conditions: Combines multiple conditions to provide a more reliable signal.
• Optimization Techniques:
• Thresholds: Employs specific thresholds (0.04 and 0.03) to filter out noise and highlight significant market movements.
• SMA Comparisons: Compares multiple SMAs to identify trends and extreme conditions.
• Unique Approaches:
• Combining Multiple Time Frames: Incorporates multiple time frames to offer a holistic view of the market.
• Visual Distinction: Utilizes different colors and line widths to clearly differentiate between various extreme shadow conditions.
█ EXTENDED KNOWLEDGE AND APPLICATIONS
• Potential Modifications:
• User-Defined Thresholds: Allow users to customize thresholds to align with personal trading strategies.
• Additional Indicators: Integrate other technical indicators like RSI or MACD to improve the detection of extreme market conditions.
• Entry and Exit Signals: Enhance the script to generate clear buy and sell signals based on identified extreme shadow conditions.
• Application Scenarios:
• Volatility Analysis: Analyze market volatility and pinpoint times of extreme price action.
• Trend Following: Pair with trend-following strategies to capitalize on significant market moves.
• Risk Management: Adjust position sizes or stop-loss levels based on detected extreme conditions.
• Related Pine Script Concepts:
• Custom Functions: Demonstrates how to create reusable functions for simplified and organized code.
• Plotting Techniques: Shows effective ways to visualize data using color and styling options.
• Multiple Time Frame Analysis: Highlights the benefits of analyzing multiple time frames for a broader market understanding.
Adaptive Price Zone Oscillator [QuantAlgo]Adaptive Price Zone Oscillator 🎯📊
The Adaptive Price Zone (APZ) Oscillator by QuantAlgo is an advanced technical indicator designed to identify market trends and reversals through adaptive price zones based on volatility-adjusted bands. This sophisticated system combines typical price analysis with dynamic volatility measurements to help traders and investors identify trend direction, potential reversals, and market volatility conditions. By evaluating both price action and volatility together, this tool enables users to make informed trading decisions while adapting to changing market conditions.
💫 Dynamic Zone Architecture
The APZ Oscillator provides a unique framework for assessing market trends through a blend of smoothed typical prices and volatility-based calculations. Unlike traditional oscillators that use fixed parameters, this system incorporates dynamic volatility measurements to adjust sensitivity automatically, helping users determine whether price movements are significant relative to current market conditions. By combining smoothed price trends with adaptive volatility zones, it evaluates both directional movement and market volatility, while the smoothing parameters ensure stable yet responsive signals. This adaptive approach allows users to identify trending conditions while remaining aware of volatility expansions and contractions, enhancing both trend-following and mean-reversion strategies.
📊 Indicator Components & Mechanics
The APZ Oscillator is composed of several technical components that create a dynamic trending system:
Typical Price: Utilizes HLC3 (High, Low, Close average) as a balanced price representation
Volatility Measurement: Computes exponential moving average of price changes to determine dynamic zones
Smoothed Calculations: Applies additional smoothing to reduce noise while maintaining responsiveness
Trend Detection: Evaluates price position relative to adaptive zones to determine market direction
📈 Key Indicators and Features
The APZ Oscillator utilizes typical price with customizable length and threshold parameters to adapt to different trading styles. Volatility calculations are applied to determine zone boundaries, providing context-aware levels for trend identification. The trend detection component evaluates price action relative to the adaptive zones, helping validate trends and identify potential reversals.
The indicator also incorporates multi-layered visualization with:
Color-coded trend representation (bullish/bearish)
Clear trend state indicators (+1/-1)
Mean reversion signals with distinct markers
Gradient fills for better visual clarity
Programmable alerts for trend changes
⚡️ Practical Applications and Examples
✅ Add the Indicator : Add the indicator to your TradingView chart by clicking on the star icon to add it to your favorites ⭐️
👀 Monitor Trend State : Watch the oscillator's position relative to the zero line to identify trend direction and potential reversals. The step-line visualization with diamonds makes trend changes clearly visible.
🎯 Track Signals : Pay attention to the mean reversion markers that appear above and below the price chart:
→ Upward triangles (⤻) signal potential bullish reversals
→ X crosses (↷) indicate potential bearish reversals
🔔 Set Alerts : Configure alerts for trend changes in both bullish and bearish directions, ensuring you can act on significant technical developments promptly.
🌟 Summary and Tips
The Adaptive Price Zone Oscillator by QuantAlgo is a versatile technical tool, designed to support both trend following and mean reversion strategies across different market environments. By combining smoothed typical price analysis with dynamic volatility-based zones, it helps traders and investors identify significant trend changes while measuring market volatility, providing reliable technical signals. The tool's adaptability through customizable length, threshold, and smoothing parameters makes it suitable for various trading timeframes and styles, allowing users to capture opportunities while maintaining awareness of changing market conditions.
Key parameters to optimize for your trading style:
APZ Length: Adjust for more or less sensitivity to price changes
Threshold: Fine-tune the volatility multiplier for wider or narrower zones
Smoothing: Balance noise reduction with signal responsiveness
Granville Entry GuideThis indicator is designed to identify trade entry points using patterns 2 and 3 of the Granville's Law. It is compatible with version 6.
Determining Entry Points
・ Long Entry : When the medium-term moving average is rising, if the stock price falls close to or below the moving average and then begins to rise, with that bar being a bullish candle, it is determined as an entry point. At this time, a red circle will be displayed above the bar.
・ Short Entry : When the medium-term moving average is falling, if the stock price rises close to or above the moving average and then begins to fall, with that bar being a bearish candle, it is determined as an entry point. At this time, a blue circle will be displayed below the bar.
Trend Filter
Entry points will only be displayed if the following trend conditions are met:
・In an uptrend, the order of moving averages should be: short-term moving average, medium-term moving average, and long-term moving average from top to bottom. In a downtrend, the order should be: long-term moving average, medium-term moving average, and short-term moving average from top to bottom. The order of the short-term moving average is flexible.
・The medium-term and long-term moving averages should be inclined in the direction of the trend. The inclination of the short-term moving average is flexible.
Adjusting Parameters
・ Stock Selection : You can choose whether to use the stock price from candlesticks or the short-term moving average for determining entry points. Selecting candlesticks allows for quicker determination but increases noise, while selecting the short-term moving average slows down determination but reduces noise. The default value is the short-term moving average.
・ Determining Pullbacks or Retracements : This is determined by the number of bars on either side of the lowest point of the pullback. Increasing the number of bars reduces noise but may result in missed opportunities. The default values are 3 bars on the left and 1 bar on the right.
・ Use of Trend Filter : You can choose whether to use the trend filter. The default setting is to use it.
・ Conditions for Moving Average Inclination : You can choose whether to include the trend direction inclination in the trend filter conditions. The default setting is to include it.
・ Bar Background Color : The trend filter is displayed with the bar's background color, but it can also be set to not display.
このインジケーターは、グランビルの法則のパターン2とパターン3を利用して、トレードのエントリーポイントを見つけるためのものです。version6に対応しています。
エントリーポイントの判定方法
ロングエントリー :中期移動平均線が上昇しているとき、株価が移動平均線の近くまで落ちるか、割り込んだ後に上昇を始め、そのバーが陽線である場合にエントリーポイントと判定します。このとき、赤い丸がバーの上に表示されます。
ショートエントリー :中期移動平均線が下落しているとき、株価が移動平均線の近くまで上昇するか、上抜けた後に下落を始め、そのバーが陰線である場合にエントリーポイントと判定します。このとき、青い丸がバーの下に表示されます。
トレンドフィルター
エントリーポイントは、次のトレンド条件を満たす場合のみ表示されます。
・上昇トレンドの場合、移動平均線が上から中期移動平均線、長期移動平均線の順になっている。下降トレンドの場合、移動平均線が上から長期移動平均線、中期移動平均線の順になっている。なお短期移動平均線の順番は任意です。
・中期移動平均線と長期移動平均線がトレンド方向に傾いている。なお短期移動平均線の傾きは任意です。
パラメーターの調整方法
・ 株価の選択 : エントリーポイントの判定に使用する株価を、ローソク足か短期移動平均線から選べます。ローソク足を選ぶと判定が早くなりますがノイズが増え、短期移動平均線を選ぶと判定が遅くなりますがノイズが減ります。初期値は短期移動平均線です。
・ 押しや戻りの判定 : 押しの最下点の左右のバーの数で判定します。バーの数を増やすとノイズが減りますが、機会を逃すこともあります。初期値は左が3、右が1です。
・ トレンドフィルターの使用 : トレンドフィルターを使うかどうかを選べます。初期値は使用する設定です。
・ 移動平均線の傾きの条件 : トレンドフィルターのうち、トレンド方向の傾きを条件に入れるかどうかを選べます。初期値は条件に入れる設定です。
バーの背景色: トレンドフィルターはバーの背景色で表示されますが、非表示に設定することもできます。
SMA Proximity Signal with Trend TableSummary of the Script:
This Pine Script is designed to provide a variety of technical analysis signals based on Simple Moving Averages (SMAs) and market trends across different timeframes. The script combines multiple indicators, such as the SMA crossover, proximity conditions, and trend analysis, along with visual markers and support/resistance lines. Below is a detailed breakdown of the key features:
The script detects crossovers between SMA1 and SMA2 and SMA1 and SMA3, marking them with green circles exactly at the crossover price level (not on the candles).
The crossover events are identified using ta.crossover and ta.crossunder functions.
Additional circles are drawn when other SMAs are in proximity (narrow stage)
Elephant Candle Pattern:
The script identifies "Elephant Candles" based on a large candle body relative to the overall size of the candle, using the condition where the candle body is at least 80% of the total candle size and at least 1.5 times the average candle size.
These candles are marked with an elephant emoji 🐘 at the top of the candle.
Trend Analysis Across Multiple Timeframes:
The script calculates the trend for different timeframes using the SMA20 of each timeframe:
5m, 15m, 1h, 4h, and 1D
It compares the current SMA20 to its previous value to determine whether the trend is Up, Down, or Flat.
Key LevelsKey Levels Indicator
In the world of trading, manually identifying and plotting key levels for every close can be a tedious and error-prone task. This indicator stands out by automatically detecting and plotting only those levels where a significant shift in market sentiment has occurred. Unlike traditional indicators that plot lines for every open or close, this tool focuses on levels where liquidity has changed hands, indicating a potential shift in momentum.
How It Works:
- The indicator identifies Higher Timeframe (HTF) reversals, plotting levels only when a bearish candle is followed by a bullish one, or vice versa.
- Weekly levels are represented by dashed lines, while monthly levels are solid, providing clear visual differentiation.
- Levels are drawn at the open price of the reversal candle, starting precisely at the beginning of the new HTF bar.
Why It's Different:
- Focuses on genuine shifts in market sentiment rather than arbitrary price points.
- Automatically manages the number of visible levels to prevent chart clutter.
- Ideal for range traders and mean reversion strategies, offering insights into potential support and resistance zones where market participants have shown a change in behavior.
Usage Note:
While this indicator provides valuable insights, it should not be used in isolation. Always consider the broader market context and combine it with other analysis techniques for optimal results.
Settings:
- Toggle weekly/monthly levels
- Adjust the number of visible levels (1-20)
- Customize level colors
Supertrend with Correct Y-axis Scaling OLEG_SLSThe functionality of the script:
1. Supertrend Calculation:
-The trend (Supertrend line) is updated dynamically:
-If the price is above the previous trend, the line follows the upper limit.
-If the price is lower, the line follows the lower boundary.
2. Calculation of the Supertrend for the higher timeframe:
-The function is used to calculate the Supertrend for the hourly, regardless of the current timeframe on the chart.
3. Buy and Sell Signals:
-Buy signal: When the price crosses the Supertrend line up and is above the Supertrend line.
-A sales signal: When the price crosses the Supertrend line down and is below the Supertrend line.
4. Display on the chart
-The Supertrend line is displayed:
-Green if the price is above the Supertrend line.
-Red if the price is below the Supertrend line.
-The Supertrend line for the hourly timeframe is displayed in blue.
5. Alerts
Two types of alerts are created:
-Buy Alert: When there is a buy signal.
-Sell Alert: When there is a sell signal.
Features and recommendations:
-Supertrend works best in trending markets. In a sideways movement, it can give false signals.
-Check the signals on multiple timeframes for confirmation.
-Add additional indicators (for example, RSI or MACD) to filter the signals.
-Test the strategy on historical data before using it in real trading.
_________________________________________________________________________________
Функционал скрипта:
1. Расчет Supertrend:
-Тренд (линия Supertrend) обновляется динамически:
-Если цена выше предыдущего тренда, линия следует за верхней границей.
-Если цена ниже, линия следует за нижней границей.
2. Расчет Supertrend для старшего таймфрейма:
-Используется функция чтобы рассчитать Supertrend для часового,независимо от текущего таймфрейма на графике.
3. Сигналы покупки и продажи:
-Сигнал покупки: Когда цена пересекает линию Supertrend вверх и находится выше линии Supertrend.
-Сигнал продажи: Когда цена пересекает линию Supertrend вниз и находится ниже линии Supertrend.
4. Отображение на графике
-Линия Supertrend отображается:
-Зеленым, если цена выше линии Supertrend.
-Красным, если цена ниже линии Supertrend.
-Линия Supertrend для часового таймфрейма отображается синим цветом.
5. Оповещения
Создаются два типа оповещений:
-Buy Alert: Когда возникает сигнал на покупку.
-Sell Alert: Когда возникает сигнал на продажу.
Особенности и рекомендации:
-Supertrend лучше всего работает в трендовых рынках. В боковом движении может давать ложные сигналы.
-Проверяйте сигналы на нескольких таймфреймах для подтверждения.
-Добавьте дополнительные индикаторы (например, RSI или MACD) для фильтрации сигналов.
-Тестируйте стратегию на исторических данных перед использованием в реальной торговле.
Coinbase Premium Index (Any Symbol)The Coinbase Premium Index provides a valuable insight into market dynamics by calculating the price premium between Coinbase (USD pairs) and Binance (USDT pairs). A positive premium typically indicates heavy buying pressure on Coinbase, often coinciding with upward price trends on lower timeframes. Conversely, a negative premium suggests selling pressure or weaker demand on Coinbase compared to Binance.
** Key Features: **
**Dynamic Symbol Detection**: Automatically detects the current chart symbol and adapts the premium calculation accordingly.
**Customizable Moving Averages**:
Select between SMA (Simple Moving Average) or EMA (Exponential Moving Average).
Adjust the moving average period to suit your trading strategy (default: SMA with 50 periods).
**Error Handling for Missing Data**:
Displays "Symbol not on Coinbase" when the cryptocurrency is unavailable on Coinbase.
Plots zero-value columns in light grey for unsupported symbols.
**Visual Representation**:
Premium values are displayed as columns: green for positive premiums, red for negative premiums.
A moving average line in light grey helps highlight trends.
Zero Line: A horizontal dashed line is included as a reference point.
** Why Use This Script?**
The Coinbase Premium Index helps traders identify moments of increased buying pressure among U.S. investors, often indicative of bullish momentum on lower timeframes. Use this tool to monitor premium dynamics and gain a clearer understanding of market sentiment across major exchanges.
** How to Use: **
Add this script to your TradingView chart.
Adjust the moving average type and period through the input menu.
Use the premium columns and moving averages to identify potential price trends and validate exchange-specific trading opportunities.
Highest High, Lowest Low, Midpoint for Selected Days [kiyarash]Highest High, Lowest Low, and Midpoint for Selected Days Indicator
This custom TradingView indicator allows you to visualize the highest high, lowest low, and the midpoint (average of the highest high and lowest low) over a custom-defined period. You can choose a starting date and specify how many days ahead you want to track the highest and lowest values. This is useful for identifying key levels in a trend and potential support or resistance zones.
How to Use:
Set the Starting Date:
In the settings, input the starting date from which you want to begin tracking the price range. This will be the reference point for your analysis.
Choose the Number of Days to Track:
Specify how many days you want to analyze from the selected starting date. For example, if you want to see the highest high and lowest low over the next 3 days, enter "3" in the settings.
Visualizing the Levels:
The indicator will automatically calculate the highest price and the lowest price over the selected period and draw three lines:
Red Line: Represents the Highest High within the selected period.
Green Line: Represents the Lowest Low within the selected period.
Blue Line: Represents the Midpoint, which is the average of the Highest High and Lowest Low.
Interpretation:
Highest High is a key resistance level, indicating the highest price reached within the specified period.
Lowest Low is a key support level, showing the lowest price during the same period.
Midpoint provides a reference for the average price, often acting as a neutral level between support and resistance.
This tool can help traders to quickly assess potential market ranges, identify breakout or breakdown points, and make informed decisions based on recent price action.
How to Apply:
Add the indicator to your chart.
Adjust the settings to choose your desired starting date and the number of days you want to analyze.
Observe the drawn lines for the Highest High, Lowest Low, and Midpoint levels, and use them to assist in your trading decisions.
GMO (Gyroscopic Momentum Oscillator) GMO
Overview
This indicator fuses multiple advanced concepts to give traders a comprehensive view of market momentum, volatility, and potential turning points. It leverages the Gyroscopic Momentum Oscillator (GMO) foundation and layers on IQR-based bands, dynamic ATR-adjusted OB/OS levels, torque filtering, and divergence detection. The outcome is a versatile tool that can assist in identifying both short-term squeezes and long-term reversal zones while detecting subtle shifts in momentum acceleration.
Key Components:
Gyroscopic Momentum Oscillator (GMO) – A physics-inspired metric capturing trend stability and momentum by treating price dynamics as “angle,” “angular velocity,” and “inertia.”
IQR Bands – Highlight statistically typical oscillation ranges, providing insight into short-term squeezes and potential near-term trend shifts.
ATR-Adjusted OB/OS Levels – Dynamic thresholds for overbought/oversold conditions, adapting to volatility, aiding in identifying long-term potential reversal zones.
Torque Filtering & Scaling – Smooths and thresholds torque (the rate of change of momentum) and visually scales it for clarity, indicating sudden force changes that may precede volatility adjustments.
Divergence Detection – Highlights potential reversal cues by comparing oscillator swings against price swings, revealing regular and hidden bullish/bearish divergences.
Conceptual Insights
IQR Bands (Short-Term Squeeze & Trend Direction):
Short-Term Momentum and Squeeze: The IQR (Interquartile Range) bands show where the oscillator tends to “live” statistically. When the GMO line hovers within compressed IQR bands, it can signal a momentum squeeze phase. Exiting these tight ranges often correlates with short-term breakout opportunities.
Trend Reversals: If the oscillator pushes beyond these IQR ranges, it may indicate an emerging short-term trend change. Traders can watch for GMO escaping the IQR “comfort zone” to anticipate a new directional move.
Dynamic OB/OS Levels (Long-Term Reversal Zones):
ATR-Based Adaptive Thresholds: Instead of static overbought/oversold lines, this tool uses ATR to adjust OB/OS boundaries. In calm markets, these lines remain closer to ±90. As volatility rises, they approach ±100, reflecting greater permissible swings.
Long-Term Trend Reversal Potential: If GMO hits these dynamically adjusted OB/OS extremes, it suggests conditions ripe for possible long-term trend reversals. Traders seeking major inflection points may find these adaptive levels more reliable than fixed thresholds.
Torque (Sudden Force & Directional Shifts):
Momentum Acceleration Insight: Torque represents the second derivative of momentum, highlighting how quickly momentum is changing. High positive torque suggests a rapidly strengthening bullish force, while high negative torque warns of sudden bearish pressure.
Early Warning & Stability/Volatility Adjustments: By monitoring torque spikes, traders can anticipate momentum shifts before price fully confirms them. This can signal imminent changes in stability or increased volatility phases.
Indicator Parameters and Usage
GMO-Related Inputs:
lenPivot (Default 100): Length for calculating the pivot line (slow market axis).
lenSmoothAngle (Default 200): Smooths the angle measure, reducing noise.
lenATR (Default 14): ATR period for scaling factor, linking price changes to volatility.
useVolatility (Default true): If true, volatility (ATR) influences inertia, adjusting momentum calculations.
useVolume (Default false): If true, volume affects inertia, adding a liquidity dimension to momentum.
lenVolSmoothing (Default 50): Smooths volume calculations if useVolume is enabled.
lenMomentumSmooth (Default 20): EMA smoothing of GMO for a cleaner oscillator line.
normalizeRange (Default true): Normalizes GMO to a fixed range for consistent interpretation.
lenNorm (Default 100): Length for normalization window, ensuring GMO’s scale adapts to recent extremes.
IQR Bands Settings:
iqrLength (Default 14): Period to compute the oscillator’s statistical IQR.
iqrMult (Default 1.5): Multiplier to define the upper and lower IQR-based bands.
ATR-Adjusted OB/OS Settings:
baseOBLevel (Fixed at 90) and baseOSLevel (Fixed at 90): Base lines for OB/OS.
atrPeriodForOBOS (Default 50): ATR length for adjusting OB/OS thresholds dynamically.
atrScaling (Default 0.2): Controls how strongly volatility affects OB/OS lines.
Torque Filtering & Visualization:
torqueSmoothLength (Default 10): EMA length to smooth raw torque values.
atrPeriodForTorque (Default 14): ATR period to determine torque threshold.
atrTorqueScaling (Default 0.5): Scales ATR for determining torque’s “significant” threshold.
torqueScaleFactor (Default 10.0): Multiplies the torque values for better visual prominence on the chart.
Divergence Inputs:
showDivergences (Default true): Toggles divergence signals.
lbR, lbL (Defaults 5): Pivot lookback periods to identify swing highs and lows.
rangeUpper, rangeLower: Bar constraints to validate potential divergences.
plotBull, plotHiddenBull, plotBear, plotHiddenBear: Toggles for each divergence type.
Visual Elements on the Chart
GMO Line (Blue) & Zero Line (Gray):
GMO line oscillates around zero. Positive territory hints bullish momentum, negative suggests bearish.
IQR Bands (Teal Lines & Yellow Fill):
Upper/lower bands form a statistical “normal range” for GMO. The median line (purple) provides a central reference. Contraction near these bands indicates a short-term squeeze, expansions beyond them can signal emerging short-term trend changes.
Dynamic OB/OS (Red & Green Lines):
Red line near +90 to +100: Overbought zone (dynamic).
Green line near -90 to -100: Oversold zone (dynamic).
Movement into these zones may mark significant, longer-term reversal potential.
Torque Histogram (Colored Bars):
Plotted below GMO. Green bars = torque above positive threshold (bullish acceleration).
Red bars = torque below negative threshold (bearish acceleration).
Gray bars = neutral range.
This provides early warnings of momentum shifts before price responds fully.
Precession (Orange Line):
Scaled for visibility, adds context to long-term angular shifts in the oscillator.
Divergence Signals (Shapes):
Circles and offset lines highlight regular or hidden bullish/bearish divergences, offering potential reversal signals.
Practical Interpretation & Strategy
Short-Term Opportunities (IQR Focus):
If GMO compresses within IQR bands, the market might be “winding up.” A break above/below these bands can signal a short-term trade opportunity.
Long-Term Reversal Zones (Dynamic OB/OS):
When GMO approaches these dynamically adjusted extremes, conditions may be ripe for a major trend shift. This is particularly useful for swing or position traders looking for significant turnarounds.
Monitoring Torque for Acceleration Cues:
Torque spikes can precede price action, serving as an early catalyst signal. If torque turns strongly positive, anticipate bullish acceleration; strongly negative torque may warn of upcoming bearish pressure.
Confirm with Divergences:
Divergences between price and GMO reinforce potential reversal or continuation signals identified by IQR, OB/OS, or torque. Use them to increase confidence in setups.
Tips and Best Practices
Combine with Price & Volume Action:
While the indicator is powerful, always confirm signals with actual price structure, volume patterns, or other trend-following tools.
Adjust Lengths & Periods as Needed:
Shorter lengths = more responsiveness but more noise. Longer lengths = smoother signals but greater lag. Tune parameters to match your trading style and timeframe.
Use ATR and Volume Settings Wisely:
If markets are highly volatile, consider useVolatility to refine momentum readings. If liquidity is key, enable useVolume.
Scaling Torque:
If torque bars are hard to read, increase torqueScaleFactor further. The scaling doesn’t affect logic—only visibility.
Conclusion
The “GMO + IQR Bands + ATR-Adjusted OB/OS + Torque Filtering (Scaled)” indicator presents a holistic framework for understanding market momentum across multiple timescales and conditions. By interpreting short-term squeezes via IQR bands, long-term reversal zones via adaptive OB/OS, and subtle acceleration changes through torque, traders can gain advanced insights into when to anticipate breakouts, manage risk around potential reversals, and fine-tune timing for entries and exits.
This integrated approach helps navigate complex market dynamics, making it a valuable addition to any technical analysis toolkit.
Prediction Based on Linreg & Atr
We created this algorithm with the goal of predicting future prices 📊, specifically where the value of any asset will go in the next 20 periods ⏳. It uses linear regression based on past prices, calculating a slope and an intercept to forecast future behavior 🔮. This prediction is then adjusted according to market volatility, measured by the ATR 📉, and the direction of trend signals, which are based on the MACD and moving averages 📈.
How Does the Linreg & ATR Prediction Work?
1. Trend Calculation and Signals:
o Technical Indicators: We use short- and long-term exponential moving averages (EMA), RSI, MACD, and Bollinger Bands 📊 to assess market direction and sentiment (not visually presented in the script).
o Calculation Functions: These include functions to calculate slope, average, intercept, standard deviation, and Pearson's R, which are crucial for regression analysis 📉.
2. Predicting Future Prices:
o Linear Regression: The algorithm calculates the slope, average, and intercept of past prices to create a regression channel 📈, helping to predict the range of future prices 🔮.
o Standard Deviation and Pearson's R: These metrics determine the strength of the regression 🔍.
3. Adjusting the Prediction:
o The predicted value is adjusted by considering market volatility (ATR 📉) and the direction of trend signals 🔮, ensuring that the prediction is aligned with the current market environment 🌍.
4. Visualization:
o Prediction Lines and Bands: The algorithm plots lines that display the predicted future price along with a prediction range (upper and lower bounds) 📉📈.
5. EMA Cross Signals:
o EMA Conditions and Total Score: A bullish crossover signal is generated when the total score is positive and the short EMA crosses above the long EMA 📈. A bearish crossover signal is generated when the total score is negative and the short EMA crosses below the long EMA 📉.
6. Additional Considerations:
o Multi-Timeframe Regression Channel: The script calculates regression channels for different timeframes (5m, 15m, 30m, 4h) ⏳, helping determine the overall market direction 📊 (not visually presented).
Confidence Interpretation:
• High Confidence (close to 100%): Indicates strong alignment between timeframes with a clear trend (bullish or bearish) 🔥.
• Low Confidence (close to 0%): Shows disagreement or weak signals between timeframes ⚠️.
Confidence complements the interpretation of the prediction range and expected direction 🔮, aiding in decision-making for market entry or exit 🚀.
Español
Creamos este algoritmo con el objetivo de predecir los precios futuros 📊, específicamente hacia dónde irá el valor de cualquier activo en los próximos 20 períodos ⏳. Utiliza regresión lineal basada en los precios pasados, calculando una pendiente y una intersección para prever el comportamiento futuro 🔮. Esta predicción se ajusta según la volatilidad del mercado, medida por el ATR 📉, y la dirección de las señales de tendencia, que se basan en el MACD y las medias móviles 📈.
¿Cómo Funciona la Predicción con Linreg & ATR?
Cálculo de Tendencias y Señales:
Indicadores Técnicos: Usamos medias móviles exponenciales (EMA) a corto y largo plazo, RSI, MACD y Bandas de Bollinger 📊 para evaluar la dirección y el sentimiento del mercado (no presentados visualmente en el script).
Funciones de Cálculo: Incluye funciones para calcular pendiente, media, intersección, desviación estándar y el coeficiente de correlación de Pearson, esenciales para el análisis de regresión 📉.
Predicción de Precios Futuros:
Regresión Lineal: El algoritmo calcula la pendiente, la media y la intersección de los precios pasados para crear un canal de regresión 📈, ayudando a predecir el rango de precios futuros 🔮.
Desviación Estándar y Pearson's R: Estas métricas determinan la fuerza de la regresión 🔍.
Ajuste de la Predicción:
El valor predicho se ajusta considerando la volatilidad del mercado (ATR 📉) y la dirección de las señales de tendencia 🔮, asegurando que la predicción esté alineada con el entorno actual del mercado 🌍.
Visualización:
Líneas y Bandas de Predicción: El algoritmo traza líneas que muestran el precio futuro predicho, junto con un rango de predicción (límites superior e inferior) 📉📈.
Señales de Cruce de EMAs:
Condiciones de EMAs y Puntaje Total: Se genera una señal de cruce alcista cuando el puntaje total es positivo y la EMA corta cruza por encima de la EMA larga 📈. Se genera una señal de cruce bajista cuando el puntaje total es negativo y la EMA corta cruza por debajo de la EMA larga 📉.
Consideraciones Adicionales:
Canal de Regresión Multi-Timeframe: El script calcula canales de regresión para diferentes marcos de tiempo (5m, 15m, 30m, 4h) ⏳, ayudando a determinar la dirección general del mercado 📊 (no presentado visualmente).
Interpretación de la Confianza:
Alta Confianza (cerca del 100%): Indica una fuerte alineación entre los marcos temporales con una tendencia clara (alcista o bajista) 🔥.
Baja Confianza (cerca del 0%): Muestra desacuerdo o señales débiles entre los marcos temporales ⚠️.
La confianza complementa la interpretación del rango de predicción y la dirección esperada 🔮, ayudando en las decisiones de entrada o salida en el mercado 🚀.
The Dragons Maw [inspired by Kioseff Trading]The Dragon's Maw is a playful visualization tool that uses Monte Carlo simulation to create a dragon-like pattern on your chart. Although primarily intended for entertainment, it is also suitable for testing or falsifying the utility of this method's predictions.
What It Does:
- Generates multiple price path simulations that form the shape of a "fire-breathing" effect
- Shows upper and lower boundaries of all simulations as the dragon's "maw"
- Displays the dragon's "eye" and "ear" as a visual indicator of the historical data used
How It Works:
1. The indicator calculates returns from historical price data
2. Using Monte Carlo simulation with either normal distribution or bootstrap sampling, it generates multiple potential price paths
3. These paths are rendered with high transparency to create a fire/smoke effect showing the higher probability regions as denser color
4. It can be observed that the direction of the "fire" is influenced by recent price movement especially when set in relation to the "eye" position which indicates the limit of historical data used for the simulation
Educational Value:
Use the 'Move to the Left' parameter to position the dragon's head at different points in historical data. This feature serves as an excellent demonstration of the limitations of statistical price projections – you'll quickly see how the simulated paths diverge from what actually happened, highlighting why such projections should not be relied upon for trading decisions.
You might find, that it's not at all capable of 'predicting' sudden price movements but rather 'predicts' a continuation of the recent trend.
Features:
- Adjustable number of simulations (affects detail of the "fire" effect)
- Moveable dragon head (can be positioned at different points in price history)
- Customizable colors for the maw boundaries and fire effect
- Optional scale display for price levels
Note: This indicator is inspired by KioseffTrading's original work, with added features for visualization and positioning. While it uses statistical methods, it should be viewed as an artistic interpretation of price movement rather than a predictive tool.
Settings Guide:
- Upper/Lower Limit: Colors for the dragon's maw boundaries
- Fire Color: Color and transparency of the simulation paths
- Look Back: How far back to calculate the dragon's eye position
- Much Fire: Controls the density of simulation paths
- Length: Determines how far forward the simulation extends
The chart shows a clean view of the indicator's output, with the dragon's eye (o), ear, maw boundaries, and fire effect clearly visible on the right side of the chart by default.
Enhanced Gap Up/Down AnalysisThis Pine Script indicator, titled "Enhanced Gap Up/Down Analysis", is designed to visually analyze the percentage gaps between the current day's opening price and the previous day's closing price. It provides valuable insights into market behavior by categorizing gaps and coloring them based on specific conditions.
Key Features:
Bar Coloring Based on Conditions:
Gap-Up Days:
Green if the day closes higher than it opens.
Red if the day closes lower than it opens.
Gap-Down Days:
Red if the day closes lower than it opens.
Green if the day closes higher than it opens.
The bar's position reflects the gap percentage (positive values for gap-ups above the X-axis, negative values for gap-downs below the X-axis).
Gap Size Thresholds:
Users can define small and moderate gap thresholds to categorize gaps:
Small Gaps: Transparent color.
Moderate Gaps: Opaque color.
Large Gaps: Fully visible color.
Ensures small gaps are less than moderate gaps with validation logic.
Filter Gaps by Percentage:
Includes filters to show gaps only within a user-defined range (minFilterGap to maxFilterGap).
Histogram Visualization:
Plots the gap percentages as a histogram for easy visual analysis:
Positive bars for gap-ups.
Negative bars for gap-downs.
Alerts for Large Gaps:
Alerts notify when a gap exceeds the moderate threshold in either direction.
Use Cases:
Identify Market Sentiment:
Quickly assess whether gap-ups or gap-downs dominate.
Analyze whether gaps tend to follow through or reverse by observing bar colors.
Filter Relevant Gaps:
Focus on significant gaps (e.g., only gaps greater than 2%).
Visual Aid for Trading:
Helps traders detect patterns in market gaps and price movement relationships (e.g., gaps and reversals).
Customizable Inputs:
Small and Moderate Gap Thresholds: Define gap categories.
Gap Filter Range: Control which gaps to display.
Alerts: Get notified of significant gaps.
This tool is particularly useful for traders analyzing price gaps and their implications for market trends or reversals.
Linear Regression Channel [TradingFinder] Existing Trend Line🔵 Introduction
The Linear Regression Channel indicator is one of the technical analysis tool, widely used to identify support, resistance, and analyze upward and downward trends.
The Linear Regression Channel comprises five main components : the midline, representing the linear regression line, and the support and resistance lines, which are calculated based on the distance from the midline using either standard deviation or ATR.
This indicator leverages linear regression to forecast price changes based on historical data and encapsulates price movements within a price channel.
The upper and lower lines of the channel, which define resistance and support levels, assist traders in pinpointing entry and exit points, ultimately aiding better trading decisions.
When prices approach these channel lines, the likelihood of interaction with support or resistance levels increases, and breaking through these lines may signal a price reversal or continuation.
Due to its precision in identifying price trends, analyzing trend reversals, and determining key price levels, the Linear Regression Channel indicator is widely regarded as a reliable tool across financial markets such as Forex, stocks, and cryptocurrencies.
🔵 How to Use
🟣 Identifying Entry Signals
One of the primary uses of this indicator is recognizing buy signals. The lower channel line acts as a support level, and when the price nears this line, the likelihood of an upward reversal increases.
In an uptrend : When the price approaches the lower channel line and signs of upward reversal (e.g., reversal candlesticks or high trading volume) are observed, it is considered a buy signal.
In a downtrend : If the price breaks the lower channel line and subsequently re-enters the channel, it may signal a trend change, offering a buying opportunity.
🟣 Identifying Exit Signals
The Linear Regression Channel is also used to identify sell signals. The upper channel line generally acts as a resistance level, and when the price approaches this line, the likelihood of a price decrease increases.
In an uptrend : Approaching the upper channel line and observing weakness in the uptrend (e.g., declining volume or reversal patterns) indicates a sell signal.
In a downtrend : When the price reaches the upper channel line and reverses downward, this is considered a signal to exit trades.
🟣 Analyzing Channel Breakouts
The Linear Regression Channel allows traders to identify price breakouts as strong signals of potential trend changes.
Breaking the upper channel line : Indicates buyer strength and the likelihood of a continued uptrend, often accompanied by increased trading volume.
Breaking the lower channel line : Suggests seller dominance and the possibility of a continued downtrend, providing a strong sell signal.
🟣 Mean Reversion Analysis
A key concept in using the Linear Regression Channel is the tendency for prices to revert to the midline of the channel, which acts as a dynamic moving average, reflecting the price's equilibrium over time.
In uptrends : Significant deviations from the midline increase the likelihood of a price retracement toward the midline.
In downtrends : When prices deviate considerably from the midline, a return toward the midline can be used to identify potential reversal points.
🔵 Settings
🟣 Time Frame
The time frame setting enables users to view higher time frame data on a lower time frame chart. This feature is especially useful for traders employing multi-time frame analysis.
🟣 Regression Type
Standard : Utilizes classical linear regression to draw the midline and channel lines.
Advanced : Produces similar results to the standard method but may provide slightly different alignment on the chart.
🟣 Scaling Type
Standard Deviation : Suitable for markets with stable volatility.
ATR (Average True Range) : Ideal for markets with higher volatility.
🟣 Scaling Coefficients
Larger coefficients create broader channels for broader trend analysis.
Smaller coefficients produce tighter channels for precision analysis.
🟣 Channel Extension
None : No extension.
Left: Extends lines to the left to analyze historical trends.
Right : Extends lines to the right for future predictions.
Both : Extends lines in both directions.
🔵 Conclusion
The Linear Regression Channel indicator is a versatile and powerful tool in technical analysis, providing traders with support, resistance, and midline insights to better understand price behavior. Its advanced settings, including time frame selection, regression type, scaling options, and customizable coefficients, allow for tailored and precise analysis.
One of its standout advantages is its ability to support multi-time frame analysis, enabling traders to view higher time frame data within a lower time frame context. The option to use scaling methods like ATR or standard deviation further enhances its adaptability to markets with varying volatility.
Designed to identify entry and exit signals, analyze mean reversion, and assess channel breakouts, this indicator is suitable for a wide range of markets, including Forex, stocks, and cryptocurrencies. By incorporating this tool into your trading strategy, you can make more informed decisions and improve the accuracy of your market predictions.
Nifty Top Gainers/Losers [ar]Nifty Top Gainers/Losers - Real-time Market Performance Tracker
A powerful indicator that monitors and displays real-time performance of 40 major Nifty stocks in a clean, organized table format. Perfect for traders seeking instant market breadth insights.
Key Features:
• Dynamic advances/declines counter at the top
• Real-time percentage change calculations
• Color-coded display (green for gainers, red for losers)
• Customizable reference points (Previous Day Close/Today's Open)
• Optional background color based on market breadth
• Flexible top gainers/losers limit setting
Customization Options:
- Adjust colors for gainers and losers
- Set transparency for background
- Modify the number of top performers to display
- Add/remove symbols from the watchlist
- Choose calculation reference (Previous Day Close/Today's Open)
Ideal for:
- Day traders monitoring market momentum
- Investors tracking sector rotation
- Analysts studying market breadth
- Portfolio managers seeking quick market overview
This indicator helps identify market leaders and laggards at a glance, making it an essential tool for informed trading decisions.
Master Litecoin Network Value Model BandThe "Master Litecoin Network Value Model Band" is a TradingView Pine Script indicator designed to analyze and visualize Litecoin's valuation dynamics in comparison to Bitcoin, leveraging a range of on-chain and market metrics. The script creates bands to highlight overvalued or undervalued conditions for Litecoin relative to multiple network and market factors.
Key Features:
Data Integration:
Incorporates on-chain data such as total addresses, new addresses, active addresses, transactions, volume, hodlers, and block sizes for both Litecoin and Bitcoin.
Uses market metrics like price, supply, and retail involvement to model Litecoin's network value.
Value Models:
Constructs individual models based on specific metrics (e.g., new addresses, transaction volume, median volume) to evaluate Litecoin's network valuation against Bitcoin.
Normalizes these models by adjusting for relative supply and Bitcoin's USD price.
Average and Median Models:
Calculates an Average Value Model by combining multiple metric-based models.
Provides a smoothed Median Value Model for more stable trends over time.
Dynamic Bands:
Identifies the maximum and minimum values among the various models to establish upper and lower bands for Litecoin's valuation.
Compares Litecoin's USD price to these bands, categorizing it as overvalued (above the upper band), undervalued (below the lower band), or fairly valued (within the bands).
Visual Representation:
Plots the upper and lower bounds (maxValue and minValue) along with Litecoin's price (ltcusd).
Highlights price movements with color-coded fills:
White fill: Litecoin price exceeds the maximum band.
Blue fill: Litecoin price is between the maximum and minimum bands.
Black fill: Litecoin price falls below the minimum band.
Purpose:
This indicator provides traders and analysts with a comprehensive tool to:
Assess Litecoin's market position relative to its network fundamentals.
Identify potential buy or sell zones based on deviation from fair valuation bands.
Track Litecoin's value trends in relation to Bitcoin as a benchmark.
Fibonacci Confluence Toolkit [LuxAlgo]The Fibonacci Confluence Toolkit is a technical analysis tool designed to help traders identify potential price reversal zones by combining key market signals and patterns. It highlights areas of interest where significant price action or reactions are anticipated, automatically applies Fibonacci retracement levels to outline potential pullback zones, and detects engulfing candle patterns.
Its unique strength lies in its reliance solely on price patterns, eliminating the need for user-defined inputs, ensuring a robust and objective analysis of market dynamics.
🔶 USAGE
The script begins by detecting CHoCH (Change of Character) points—key indicators of shifts in market direction. This script integrates the principles of pure price action as applied in Pure-Price-Action-Structures , where further details on the detection process can be found.
The detected CHoCH points serve as the foundation for defining an Area of Interest (AOI), a zone where significant price action or reactions are anticipated.
As new swing highs or lows emerge within the AOI, the tool automatically applies Fibonacci retracement levels to outline potential retracement zones. This setup enables traders to identify areas where price pullbacks may occur, offering actionable insights into potential entries or reversals.
Additionally, the toolkit highlights engulfing candle patterns within these zones, further refining entry points and enhancing confluence for better-informed trading decisions based on real-time trend dynamics and price behavior.
🔶 SETTINGS
🔹 Market Patterns
Bullish Structures: Enable or disable all bullish components of the indicator.
Bearish Structures: Enable or disable all bearish components of the indicator.
Highlight Area of Interest: Toggle the option to highlight the Areas of Interest (enabled or disabled).
CHoCH Line: Choose the line style for the CHoCH (Solid, Dashed, or Dotted).
Width: Adjust the width of the CHoCH line.
🔹 Retracement Levels
Choose which Fibonacci retracement levels to display (e.g., 0, 0.236, 0.382, etc.).
🔹 Swing Levels & Engulfing Patterns
Swing Levels: Select how swing levels are marked (symbols like ◉, △▽, or H/L).
Engulfing Candle Patterns: Choose which engulfing candle patterns to detect (All, Structure-Based, or Disabled).
🔶 RELATED SCRIPTS
Pure-Price-Action-Structures.
Gauti Market Maker Killzone EMA1. Identifying the Trend
Use Daily (1D) and Hourly (1H) Exponential Moving Averages (EMAs) to define the overall trend:
Bullish Trend: Both 1D and 1H EMAs are upward sloping, and the price is above these EMAs.
Bearish Trend: Both 1D and 1H EMAs are downward sloping, and the price is below these EMAs.
2. Confirmation with Higher Timeframes
Bullish Conditions:
Check 1D and 4H charts for price action above the EMA bands.
Look for price forming higher highs and higher lows or respecting support at the EMA bands.
Bearish Conditions:
Check 1D and 4H charts for price action below the EMA bands.
Look for price forming lower highs and lower lows or respecting resistance at the EMA bands.
Note: Crossover of EMAs on higher timeframes is an optional extra confirmation, but not mandatory for entry.
3. Entry Strategy
Use the 15-Minute (15M) timeframe for entries.
Entries are taken only during Killzones:
Killzones: London Open, New York Open, or other intraday key trading sessions. (Define the time ranges for these zones based on your trading hours.)
Wait for the price to touch or pull back to the EMA band during the Killzones in the direction of the overall trend:
In a bullish trend, enter long when the price touches the EMA band and shows signs of rejection or reversal.
In a bearish trend, enter short when the price touches the EMA band and shows signs of rejection or reversal.
4. Checklist for Entry
Confirm the following before entering:
1D Trend aligns with the 1H Trend.
Price Action in 1D and 4H supports the trend.
Killzone session is active.
Price is reacting to the EMA band on the 15M chart in the trend direction.
Psychological Levels- Rounding Numbers Psychological Levels Indicator
Overview:
The Psychological Levels Indicator automatically identifies and plots significant price levels based on psychological thresholds, which are key areas where market participants often focus their attention. These levels act as potential support or resistance zones due to human behavioral tendencies to round off numbers. This indicator dynamically adjusts the levels based on the stock's price range and ensures seamless visibility across the chart.
Key Features:
Dynamic Step Sizes:
The indicator adjusts the levels dynamically based on the stock price:
For prices below 500: Levels are spaced at 10.
For prices between 500 and 3000: Levels are spaced at 50, 100, and 1000.
For prices between 3000 and 10,000: Levels are spaced at 100 and 1000.
For prices above 10,000: Levels are spaced at 500 and 1000.
Extended Visibility:
The plotted levels are extended across the entire chart for improved visualization, ensuring traders can easily monitor these critical zones over time.
Customization Options:
Line Color: Choose the color for the levels to suit your charting style.
Line Style: Select from solid, dashed, or dotted lines.
Line Width: Adjust the thickness of the lines for better clarity.
Clean and Efficient Design:
The indicator only plots levels relevant to the visible chart range, avoiding unnecessary clutter and ensuring a clean workspace.
How It Works:
It calculates the relevant step sizes based on the price:
Smaller step sizes for lower-priced stocks.
Larger step sizes for higher-priced stocks.
Primary, secondary, and (if applicable) tertiary levels are plotted dynamically:
Primary Levels: The most granular levels based on the stock price.
Secondary Levels: Higher-order levels for broader significance.
Tertiary Levels: Additional levels for lower-priced stocks to enhance detail.
These levels are plotted across the chart, allowing traders to visualize key psychological areas effortlessly.
Use Cases:
Day Trading: Identify potential intraday support and resistance levels.
Swing Trading: Recognize key price zones where trends may pause or reverse.
Long-Term Investing: Gain insights into significant price zones for entry or exit strategies.
Hilega-Milega-RSI-EMA-WMA indicator designed by NKThis indicator is works on RSI, Price and volume to give leading Indicator to Buy or Sell.
This indicator works on all financial markets
Hilega-Milega-RSI-EMA-WMA indicator designed by Nitish Sir
For intraday trade, enter with 15 mins chart.
For positional trade, enter with 1-hour chart.
For Investment this system can be used with daily/weekly/monthly chart.
• RED line is for Volume.
• Green line is for the Price.
• Black line is for the RSI (9).
SELL Trade
1. When Volume (RED line) is above/crossed above Price (Green line) and Strength (Black line), then stock price will go down. This means we will SELL.
2. When there is a GAP in the RED line and the Green line till the time price will go down.
Exit criteria
Whenever Red line exit the shaded area of Oversold zone OR Red line cross over the Green and black line then we will exit.
In case of the SELL trade, after the entry we will monitor the trade in 5 min chart, if the candle is closed above the VWAP then exit.
If the price is crossed the 50 SMA then we will exit trade.
BUY Trade
1. When Volume (RED line) is below/crossed below Price (Green line) and Strength (Black line), then stock price will go up. This means we will BUY.
2. When there is a GAP in the RED line and the Green line till the time price will go down.
Exit criteria
Whenever Red line exit the shaded area of Overbought zone OR Red line cross over the Green and black line then we will exit.
In case of the Buy trade, after the entry we will monitor the trade candle is closed below the VWAP then exit.
If the price is crossed the 50 SMA then we will exit trade.
