SPY Frequent Trading Strategythis is my SPY long term trading strategy:
entry if all conditions are met:
5 day rs is below 30
5 day rsi reading is down for the third day in a row
5 day rsi was below 60 three trading days ago
the close is higher than the 200 day moving average
exit when the 5 day rsi is above 50
I want to convert it into a strategy that trades more frequently, so adjust the rules so that it willl be taking multiple trades a week. and build it in pine script
Indicators and strategies
ATR from VWAP📌 ATRs from VWAP – Intraday Volatility Tracker
This script measures how far price is from VWAP in ATR units, helping traders assess short-term overextension and reversion potential.
🔹 Key Features:
✅ ATR Distance from VWAP – Calculates how many ATRs the price is from the VWAP.
✅ Dynamic Table Display – Shows ATR distance in real-time for quick decision-making.
✅ Intraday Focus – Designed for scalpers and day traders using minutes or hourly timeframes.
📊 How to Use:
Look for price moving away from VWAP to identify extended moves.
Use as a reversion signal when price deviates too far from VWAP.
Volume Profile Fixed Range [EagleEye]This Pine Script code implements a "Volume Profile Fixed Range" indicator on TradingView, specifically designed by "EagleEye." Here's a breakdown of its key features and functionality:
Inputs:
Number of Bars (bbars): Determines how many bars of data to consider for volume profiling (150 bars by default).
Row Size (cnum): Defines the number of price levels for the volume profile (default is 24).
Value Area Volume Percentage (percent): Sets the percentage of total volume to define the Value Area (default is 70%).
Colors for Different Elements: Defines colors for Point of Control (POC), Value Areas, and volume bars (both up and down).
Volume Profile Calculation:
Price Levels (levels): The price levels are calculated based on the highest and lowest price points within the chosen range of bars.
Volume Allocation (volumes): Calculates volume distribution across different price levels, considering the volume at each price level during each bar.
Point of Control (POC):
The script calculates the price level with the highest total volume, referred to as the Point of Control (POC).
POC Label: If show_poc is enabled, the label for POC will be displayed on the chart.
Value Area (VA):
The Value Area is the range where the total volume reaches a certain percentage of the overall volume (default is 70%).
The script calculates the volume distribution around the POC and adjusts the Value Area accordingly.
Visualization (Boxes for Volume Levels):
The script uses box.new to draw volume bars for each price level. The bars are color-coded to show whether the volume is in the "up" or "down" direction, and they also visually highlight the Value Area.
Dynamic Updates:
The boxes representing the volume profile levels update dynamically with each new bar.
The script considers various components of each bar (body, wicks, and volume) to calculate the volume at each price level.
Institutional Footprint IndicatorThe Institutional Footprint Indicator is designed to help traders identify institutional activity by tracking large block trades, unusual volume spikes, and buy/sell pressure. It highlights key market moves that are often invisible to the average trader, giving you a significant edge.
🔎 Key Features:
• Block Trade Detection: Plots green square blocks above bars when large institutional trades occur.
• Unusual Volume Alerts: Highlights bright orange shaded areas when volume exceeds a customizable threshold, signaling major institutional interest.
• Buy and Sell Pressure Identification:
• Upward Arrows: Show strong buy pressure when the price moves with increased bullish momentum.
• Downward Arrows: Indicate strong sell pressure, often signaling distribution or short-selling.
• Liquidity Zone Detection: Marks high and low liquidity zones where institutions are likely accumulating or distributing.
🚀 How to Use:
1. Confirm Breakouts or Breakdowns:
• When block trades and unusual volume align with price movement, it often indicates a powerful move driven by institutions.
2. Spot Fakeouts:
• If you see block trades but no follow-through or the price reverses, it may be a market maker trap.
3. Follow Smart Money:
• Track buy or sell pressure to gauge institutional sentiment and enter trades with confidence.
4. Identify Reversal Zones:
• Unusual volume spikes at key levels often signal the start of a major reversal.
⚙️ Customization Options:
• Lookback Period: Adjust the period for volume and block trade detection.
• Block Trade Multiplier: Set the sensitivity for identifying large trades.
• Volume Threshold: Control when unusual volume is highlighted.
• Delta Sensitivity: Fine-tune buy/sell pressure detection.
ATRs in Days📌 ATR in Days
This script tracks how price moves in relation to ATR over multiple days, providing a powerful volatility framework for traders.
🔹 Key Features:
✅ 4 ATRs in 5 Days – Measures if a stock has moved 4x its ATR within the last 5 days, identifying extreme volatility zones.
✅ Daily ATR Calculation – Tracks average true range over time to gauge market conditions.
✅ Clear Table Display – Real-time ATR readings for quick decision-making.
✅ Intraday & Swing Trading Compatible – Works across multiple timeframes for day traders & swing traders.
📊 How to Use:
Look for stocks that exceed 4 ATRs in 5 days to spot extended moves.
Use ATR as a reversion or continuation signal depending on market structure.
🚀 Perfect for traders looking to quantify volatility & structure trades effectively!
Candle Height & Trend Probability DashboardDescription and Guide
Description:
This Pine Script for TradingView displays a dashboard that calculates the probability of price increases or decreases based on past price movements. It analyzes the last 30 candles (by default) and shows the probabilities for different timeframes (from 1 minute to 1 week). Additionally, it checks volatility using the ATR indicator.
Script Features:
Calculates probabilities of an upward (Up %) or downward (Down %) price move based on past candles.
Displays a dashboard showing probabilities for multiple timeframes.
Color-coded probability display:
Green if the upward probability exceeds a set threshold.
Red if the downward probability exceeds the threshold.
Yellow if neither threshold is exceeded.
Considers volatility using the ATR indicator.
Triggers alerts when probabilities exceed specific values.
How to Use:
Insert the script into TradingView: Copy and paste the script into the Pine Script editor.
Adjust parameters:
lookback: Number of past candles used for calculation (default: 30).
alertThresholdUp & alertThresholdDown: Thresholds for probabilities (default: 51%).
volatilityLength & volatilityThreshold: ATR volatility settings.
dashboardPosition: Choose where the dashboard appears on the chart.
Enable visualization: The dashboard will be displayed over the chart.
Set alerts: The script triggers notifications when probabilities exceed set thresholds.
Triple Lookback Key Levels with SMCA new update GROK added SMC, im just learning SMC.I can see that its showing OB and giving a green up triangle,as with my other indicators they are for educational purposes so now we have live chart action to help learn SMC making 1 minute timeframe fun .
Intraday Volume Indicator for INDICES by TBTPH Pine Script code for an intraday volume indicator with session and lunch break highlights looks great! Here’s a summary of what each part of the script does:
Indicator Settings:
The indicator is set to show on a separate pane (overlay=false).
The SMA Length is adjustable with an input box (default of 20).
Volume and SMA Calculation:
You calculate the Simple Moving Average (SMA) of the volume over the selected length.
The volume color is determined based on whether the close price is higher or lower than the previous close and if the volume is above or below the SMA.
Volume Plot:
Volume is plotted as a histogram with different colors to indicate if the volume is higher or lower than the SMA.
You plot the SMA of the volume with an orange line for easier comparison.
Background Color:
You set a light gray background color to give a subtle contrast.
NYSE and LSE trading sessions are highlighted with green and blue, respectively.
Lunch break periods are highlighted with a white background for both exchanges.
Here are a couple of improvements or suggestions you might consider:
Session Time Overlap Handling:
If the script is applied to a chart where both NYSE and LSE data is visible, they may overlap depending on the time zone of your chart. Ensure the session times align with the active market's timezone, especially if you are using a chart with a different timezone setting.
Color Customization:
The color scheme for bullish/bearish volume could be enhanced further. For example, you could introduce more transparency for low-volume periods to make the histogram appear more subtle during less active trading times.
Handling Different Time Zones:
If your chart is not in the "America/New_York" or "GMT" time zone, be mindful of the session times. The timestamp function depends on the chart’s time zone, so ensuring you're adjusting for different markets is key.
Supply and DemandIndicator Description : Precise Supply & Demand Zones with Fibonacci Adjustment
Overview:
This TradingView indicator is based on an innovative method for identifying Supply & Demand (S&D) zones. Unlike traditional methods that highlight broad areas, making precise trading difficult, this indicator allows for more accurate determination of key price levels. It combines classic S&D analysis with Fibonacci adjustments to identify institutional order blocks and probable turning points.
Functionality:
Identification of S&D Zones:
The indicator automatically detects key areas where major market participants ("Smart Money") have placed significant orders, causing strong price movements.
These areas represent untested orders that could be revisited in the future.
Supply zones indicate selling areas, while demand zones define buying areas.
Consideration of Candle Structure:
The number of candles within the consolidation phase influences the strength of a zone: the more candles present, the more significant the area.
Higher timeframes (e.g., 5D, 1W, 1M) provide more robust and reliable S&D zones as they reflect institutional activity.
All relevant levels are visible within a single timeframe, eliminating the need to switch between multiple timeframes.
Fibonacci Integration for Precision:
Instead of traditionally applying the Fibonacci retracement tool between swing highs and lows, it is unconventionally used here: from the open to the close of the candle preceding the impulse move.
This calculates an "Equilibrium Point" within the zone, serving as an optimal entry level.
Visual Representation:
The indicator highlights detected supply and demand zones with distinct colors.
A thin line marks the precise equilibrium point within the zone.
Particularly strong zones with a high probability of reaction are marked more intensely.
Important Notes:
The indicator is not a "holy grail" and is not a 100% foolproof method.
S&D zones are probabilistic and can fail despite all confluence factors.
It provides a solid, backtested strategy for identifying trading areas with high accuracy and efficiency.
Additional Features:
Customizable timeframes and sensitivity parameters
Option to mark historical S&D zones
Support for various asset classes (Crypto, Forex, Stocks)
Customizeable Deviation
Merging levels
This indicator is a valuable tool for traders looking to develop precise entry and exit strategies based on institutional order blocks.
VVV DivergenciaThe **VVV Divergencia** indicator identifies bullish and bearish divergences on the chart by analyzing price action and fractal patterns. Here's a summary of its functions:
**Divergence Detection**: The indicator identifies regular and hidden divergences:
- **Bullish Divergence**: Occurs when the price forms a lower low while the oscillator makes a higher low, indicating potential upward momentum.
- **Bearish Divergence**: Occurs when the price forms a higher high while the oscillator makes a lower high, suggesting possible downward momentum.
- **Hidden Divergences**: These occur when the price does not align with the oscillator's movement, signaling potential continuation of the trend.
**Visual Indicators**: The script visually highlights these divergences on the chart:
- Bullish and bearish divergences are drawn as lines with different colors.
- The background color of the bars is changed based on the divergence signal, where green and orange indicate bullish patterns and red and aqua indicate bearish patterns.
**Customizable Parameters**: Users can adjust the source of the price data BASED ON ANY indicator.
This indicator is useful for traders looking to spot divergence patterns, which are often used to predict potential reversals or continuations in price trends.
A **VVV Divergencia** indikátor a divergenciák felismerésére szolgál a grafikonon.
**Divergenciák Felismerése**: Az indikátor a normál és rejtett divergenciákat is felismeri:
- **Bika Divergencia (Bullish Divergence)**: Akkor fordul elő, amikor az ár alacsonyabb mélypontot képez, miközben az oszcillátor magasabb mélypontot formál, ami emelkedésre utalhat.
- **Medve Divergencia (Bearish Divergence)**: Akkor jelenik meg, amikor az ár magasabb csúcsot ér el, miközben az oszcillátor alacsonyabb csúcsot mutat, ami csökkenésre utalhat.
- **Rejtett Divergenciák**: Ezek akkor fordulnak elő, amikor az ár nem igazodik az oszcillátor mozgásához, ami a trend folytatódására utalhat.
**Vizualizálás**: Az indikátor vizuálisan kiemeli a divergenciákat a grafikonon:
- A bullish és bearish divergenciák különböző színekkel vonalakként jelennek meg.
- A gyertyák háttérszíne is változik a divergenciák jelei alapján: a zöld és a türkiz bullish mintát, míg a piros és a narancssárga bearish mintát jelez.
**Testreszabható Paraméterek**: A felhasználók beállíthatják az árforrást ami bármilyen indikátorra beállítható.
Ez az indikátor hasznos lehet azoknak a tradereknek, akik a divergenciák alapján szeretnének előrejelzéseket készíteni, mivel ezek a minták gyakran előre jelzik az árfolyam fordulatait vagy a trendek folytatódását.
Futures Auto-Trading Bot (Strategy)The Futures Auto-Trader is a trading bot designed for futures markets. The strategy systematically identifies high-probability trade setups, ensuring precise execution without emotional bias.
Key Features
✅ Fully Automated Trading – Executes futures trades without manual intervention.
✅ Volatility-Based Entry System – Can use adaptive price thresholds to detect breakout opportunities.
✅ Trend Confirmation (Optional) – A moving average filter refines trade signals.
✅ Advanced Risk Management – Supports stop-loss, take-profit, and trailing stops for optimized risk control.
✅ Customizable Parameters – Users can fine-tune volatility settings, position sizing, and exit conditions.
Trading Logic (Simplified)
- Entry Signals:
- Trades are initiated when price crosses dynamically calculated thresholds, indicating
strong momentum.
- An optional moving average filter ensures trades align with the prevailing trend.
- Exit Strategy:
- The bot manages risk using stop-loss and take-profit levels.
- An adaptive trailing stop helps secure profits when enabled.
This automated bot is ideal for traders looking to leverage systematic, data-driven trading for consistent performance in the futures market.
Use the link in the signature to obtain access to this strategy/bot!
EMA Trend Signal📈 EMA Trend Signal - Multi-Timeframe EMA Trend Indicator
Overview
The EMA Trend Signal indicator uses 7 Exponential Moving Averages (EMA) to identify market trends and provides Buy (BUY) / Sell (SELL) signals to help traders capture trend movements.
🔍 Features
✅ Bullish Alignment:
When the shorter-period EMAs are above the longer-period EMAs, the market is in a bullish trend. The EMAs will be displayed in Aqua, and a BUY signal will appear when the trend shifts.
✅ Bearish Alignment:
When the shorter-period EMAs are below the longer-period EMAs, the market is in a bearish trend. The EMAs will be displayed in Red, and a SELL signal will appear when the trend shifts.
✅ Neutral Trend:
If the EMAs are not clearly aligned, the EMAs will be displayed in Blue, indicating a ranging market or unclear trend.
✅ Buy/Sell Signals:
BUY Signal: When a bullish alignment occurs and the trend has just formed, a green upward arrow (BUY) appears below the candlestick.
SELL Signal: When a bearish alignment occurs and the trend has just formed, a red downward arrow (SELL) appears above the candlestick.
🎯 Suitable Markets
✅ Forex
✅ Gold
✅ Crypto
✅ Stocks
✅ Futures
🚀 Trading Strategy Recommendations
1️⃣ Only enter trades when the trend is clearly defined; avoid trading during ranging conditions.
2️⃣ Combine this indicator with support/resistance levels, volume, and candlestick patterns to optimize entry and exit points.
3️⃣ Best suited for short- to medium-term trading. Can be used alongside RSI, MACD, or other indicators.
📌 Risk Warning : This indicator is for technical analysis purposes only and does not constitute financial advice. Always use stop-loss orders!
El Inversor de TikTokThis indicator combines RSI and Stochastic to provide more precise signals on overbought and oversold market conditions. The additional smoothing implementation helps reduce noise and improve signal reliability.
Features:
Configurable RSI to adjust the indicator’s sensitivity.
Stochastic calculation based on RSI to better detect momentum changes.
Smoothing of %K and %D lines to avoid erratic signals.
Reference levels at 85 and 15 to identify extreme overbought and oversold zones.
Usage Strategy:
A buy signal is generated when the %K line crosses above the 20 level, indicating a potential upward reversal.
Divergences between price and the indicator can be identified to anticipate trend changes with greater accuracy.
This indicator is useful for traders looking to optimize their entry and exit points with more detailed technical analysis.
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Este indicador combina el RSI y el Estocástico para proporcionar señales más precisas sobre las condiciones de sobrecompra y sobreventa en el mercado. La implementación de un suavizado adicional permite reducir el ruido y mejorar la fiabilidad de las señales.
Características:
- RSI configurable para ajustar la sensibilidad del indicador.
- Cálculo del Estocástico basado en el RSI para detectar mejor los cambios en el impulso del precio.
- Suavizado de las líneas %K y %D para evitar señales erráticas.
- Niveles de referencia en 85 y 15 para identificar zonas extremas de sobrecompra y sobreventa.
Estrategia de uso:
- Una señal de compra se genera cuando la línea %K cruza el nivel 20 hacia arriba, lo que indica una posible reversión al alza.
- Se pueden identificar divergencias entre el precio y el indicador para anticipar cambios de tendencia con mayor precisión.
Este indicador es útil para operadores que buscan optimizar sus puntos de entrada y salida con un análisis técnico más detallado.
ICT Order Blocks v2 (Debug)Josh has a very large PP xD
Understanding Order Blocks (OBs) - The ICT Perspective
This document delves into the concept of Order Blocks (OBs) from the perspective of the ICT methodology. It outlines what OBs are, their significance in trading, and how the "ICT Order Blocks v2 (Refined)" indicator functions to identify and visualize these critical price levels. By understanding OBs, traders can better navigate market movements and make informed decisions based on institutional trading behavior.
What is an Order Block (OB)?
Within ICT methodology, an Order Block represents a specific price candle where significant buying or selling interest from institutions (Smart Money) is believed to have occurred. They are potential areas where price might return and react.
Bullish Order Block: Typically the last down-closing candle before a strong, impulsive upward move (displacement). It suggests institutions may have absorbed selling pressure and initiated long positions here.
Bearish Order Block: Typically the last up-closing candle before a strong, impulsive downward move (displacement). It suggests institutions may have distributed long positions or initiated short positions here.
Why are OBs Significant (ICT View)?
Institutional Footprint: They mark potential zones of large order execution.
Support/Resistance: Unmitigated OBs can act as sensitive price levels where reactions are expected. Bullish OBs may provide support; Bearish OBs may provide resistance.
Origin of Moves: They often mark the origin point of significant price swings.
Liquidity Engineering: Institutions might drive price back to OBs to mitigate earlier positions or to engineer liquidity before continuing a move.
Common Refinements
ICT often emphasizes higher probability OBs that are associated with:
Displacement: The move away from the OB is sharp and decisive.
Fair Value Gaps (FVGs): An FVG forming immediately after the OB strengthens its validity.
OB Mitigation: This refers to price returning to the level of the Order Block after its formation. Price might react at the edge (proximal line) or the 50% level (mean threshold) of the OB. An OB is often considered fully mitigated or invalidated if price trades decisively through its entire range, especially with a candle body closing beyond it.
How the "ICT Order Blocks v2 (Refined)" Indicator Works
This indicator automates the detection and visualization of the most recent unmitigated Order Block of each type (Bullish/Bearish), incorporating optional filters.
Detection:
It looks at the relationship between the candle two bars ago ( ), the previous candle ( ), and potentially the current candle ( ).
Bullish OB: Identifies if candle was a down-close (close < open ) AND candle broke above the high of candle (high > high ).
Bearish OB: Identifies if candle was an up-close (close > open ) AND candle broke below the low of candle (low < low ).
Accuracy Filters (Optional Inputs):
These filters help identify potentially higher-probability OBs:
Require Fair Value Gap (FVG)?: If enabled, the indicator checks if an FVG formed immediately after the OB candle ( ). Specifically, it looks for a gap between candle and candle (low > high for Bullish OB confirmation, high < low for Bearish).
Require Strong Close Breakout?: If enabled, it requires the breakout candle ( ) to close beyond the range of the OB candle ( ). (close > high for Bullish, close < low for Bearish). This suggests stronger confirmation.
Storing the Most Recent OB:
When an OB is detected and passes any enabled filters, its details (high, low, formation bar index) are stored. Crucially, this indicator only tracks the single most recent valid unmitigated OB of each type (one Bullish, one Bearish) using var variables. If a newer valid OB forms, it replaces the previously stored one.
Drawing Boxes:
If a valid Bullish OB is being tracked (and Show Bullish OBs is enabled), it draws a box (box.new) using the high and low of the identified OB candle ( ). The same process applies to Bearish OBs (Show Bearish OBs enabled). The boxes automatically extend to the right (extend.right) and their right edge is updated on each new bar (box.set_right) until they are mitigated. Labels ("Bull OB" / "Bear OB") are displayed inside the boxes.
Mitigation & Box Deletion:
The indicator checks if the current closing price (close ) has moved entirely beyond the range of the tracked OB.
Mitigation Rule Used: A Bullish OB is considered mitigated if close < bull_ob_low. A Bearish OB is considered mitigated if close > bear_ob_high. Once an OB is marked as mitigated, the indicator stops tracking it and its corresponding box is automatically deleted (box.delete) from the chart.
This indicator provides a dynamic visualization of the most recent, potentially significant Order Blocks that meet the specified criteria, helping traders identify key areas of interest based on ICT principles.
MACD Boundary PSA - CoffeeKillerMACD Boundary PSA - CoffeeKiller Indicator Guide
Welcome traders! This guide will walk you through the MACD Boundary PSA indicator, a powerful market analysis tool developed by CoffeeKiller that enhances the traditional MACD with advanced boundary detection and peak signaling features.
🔔 **Warning: This Indicator Has No Signal Line or MACD Line** 🔔 This indicator is my version of the MACD, that I use in conjunction with the Rev&Line indicator.
Core Concept: Enhanced MACD Analysis
The foundation of this indicator builds upon the classic Moving Average Convergence Divergence (MACD) indicator, adding boundary tracking and peak detection systems to provide clearer signals and market insights.
Histogram Bars: Market Momentum
- Positive Green Bars: Bullish momentum
- Negative Red Bars: Bearish momentum
- Color intensity varies based on momentum strength
- Special coloring for new high/low boundaries
Marker Lines: Dynamic Support/Resistance
- High Marker Line (Magenta): Tracks the highest point reached during a bullish phase
- Low Marker Line (Cyan): Tracks the lowest point reached during a bearish phase
- Acts as dynamic boundaries that help identify strength of current moves
Peak Detection System:
- Triangular markers identify significant local maxima and minima
- Background highlighting shows important momentum peaks
- Helps identify potential reversal points and momentum exhaustion
Core Components
1. MACD Calculation
- Customizable fast and slow moving averages
- Signal line smoothing options
- Flexible MA type selection (SMA or EMA)
- Custom source input options
2. Boundary Tracking System
- Automatic detection of highest values in bullish phases
- Automatic detection of lowest values in bearish phases
- Step-line visualization of boundaries
- Color-coded for easy identification
3. Peak Detection System
- Identification of local maxima and minima
- Background highlighting of significant peaks
- Triangle markers for peak visualization
- Zero-line cross detection for trend changes
4. Time Resolution Control
- Normal mode: calculations based on chart timeframe
- Custom resolution mode: calculations based on specified timeframe
Main Features
Time Resolution Settings
- Normal mode: calculations match your chart's timeframe
- Custom resolution mode: calculations based on specified timeframe
- Helps identify stronger signals from other timeframes
Visual Elements
- Color-coded histogram bars
- Dynamic marker lines for boundaries
- Peak triangles for significant turning points
- Background highlighting for peak identification
Signal Generation
- Zero-line crosses for trend change signals
- Boundary breaks for momentum strength
- Peak formation for potential reversals
- Color changes for momentum direction
Customization Options
- MA types and lengths
- Signal smoothing
- Color schemes
- Marker line visibility
- Peak background display options
Trading Applications
1. Trend Identification
- Histogram crossing above zero: bullish trend beginning
- Histogram crossing below zero: bearish trend beginning
- Histogram color: indicates momentum direction
- Consistent color intensity: trend strength
2. Reversal Detection
- Peak triangles after extended trend: potential exhaustion
- Background highlighting: significant reversal points
- Histogram approaching marker lines: potential trend change
- Color shifts from bright to muted: decreasing momentum
3. Momentum Analysis
- Histogram breaking above previous high boundary: accelerating bullish momentum
- Histogram breaking below previous low boundary: accelerating bearish momentum
- Special coloring (magenta/cyan): boundary breaks indicating strength
- Distance from zero line: overall momentum magnitude
4. Market Structure Assessment
- Consecutive higher peaks: strengthening bullish structure
- Consecutive lower troughs: strengthening bearish structure
- Peak comparisons: relative strength of momentum phases
- Boundary line steps: market structure levels
Optimization Guide
1. MACD Settings
- Fast Length: Shorter values (8-12) for responsiveness, longer values (20+) for smoother signals
- Slow Length: Shorter values (21-34) for more signals, longer values (72+) for major moves
- Default settings (22, 72, 9): balanced approach for most timeframes
- Consider using 8, 21, 5 for shorter timeframes and 34, 144, 5 for longer timeframes
2. MA Type Selection
- EMA: More responsive, follows price more closely
- SMA: Smoother, fewer false signals, potentially more lag
- Mix and match for oscillator and signal lines based on your preference
3. Time Resolution
- Match chart timeframe: for aligned analysis
- Use higher timeframe: for filtering signals
- Lower timeframe: for earlier entries but more noise
4. Color Customization
- Normal bullish/bearish colors: represent standard momentum
- High/low marker line colors: customize visibility
- Peak marker colors: adjust for your visual preference
- Consider chart background when selecting colors
Best Practices
1. Signal Confirmation
- Wait for zero-line crosses to confirm trend changes
- Look for peak formations to identify potential reversals
- Check for boundary breaks to confirm strong momentum
- Use custom timeframe option for higher timeframe confirmation
2. Timeframe Selection
- Lower timeframes: more signals, potential noise
- Higher timeframes: cleaner signals, less frequent
- Custom resolution: allows comparison across timeframes
- Consider using multiple timeframes for confirmation
3. Market Context
- Strong bullish phase: positive histogram breaking above marker line
- Strong bearish phase: negative histogram breaking below marker line
- Histogram approaching zero: potential trend change
- Peak formations: potential exhaustion points
4. Combining with Other Indicators
- Use with trend indicators for confirmation
- Pair with oscillators for overbought/oversold conditions
- Combine with volume analysis for validation
- Consider support/resistance levels with boundary lines
Advanced Trading Strategies
1. Boundary Break Strategy
- Enter long when histogram breaks above previous high marker line
- Enter short when histogram breaks below previous low marker line
- Use zero-line as initial stop-loss reference
- Take profits at formation of opposing peaks
2. Peak Trading Strategy
- Identify significant peaks with triangular markers
- Look for consecutive lower peaks in bullish phases for shorting opportunities
- Look for consecutive higher troughs in bearish phases for buying opportunities
- Use zero-line crosses as confirmation
3. Multi-Timeframe Strategy
- Use custom resolution for higher timeframe MACD trend
- Enter trades when both timeframes align
- Higher timeframe for trend direction
- Chart timeframe for precise entry
4. Histogram Color Strategy
- Enter long when histogram turns bright green (increasing momentum)
- Enter short when histogram turns bright red (increasing momentum)
- Exit when color intensity fades (decreasing momentum)
- Use marker lines as dynamic support/resistance
Practical Analysis Examples
Bullish Market Scenario
- Histogram crosses above zero line
- Green bars grow in height and intensity
- High marker line forms steps upward
- Peak triangles appear at local maxima
- Background highlights appear at significant momentum peaks
Bearish Market Scenario
- Histogram crosses below zero line
- Red bars grow in depth and intensity
- Low marker line forms steps downward
- Peak triangles appear at local minima
- Background highlights appear at significant momentum troughs
Consolidation Scenario
- Histogram oscillates around zero line
- Bar colors alternate frequently
- Marker lines remain relatively flat
- Few or no new peak highlights appear
- Histogram values remain small
Understanding Market Dynamics Through MACD Boundary PSA
At its core, this indicator provides a unique lens to visualize market momentum and boundaries:
1. Momentum Strength: The histogram height/depth shows the strength of current momentum, with color intensity providing additional context about acceleration or deceleration.
2. Dynamic Boundaries: The marker lines create a visual representation of the "high water marks" of momentum in both directions, helping to identify when markets are making new momentum extremes.
3. Exhaustion Signals: The peak detection system highlights moments where momentum has reached a local maximum or minimum, often precursors to reversals or consolidations.
4. Trend Confirmation: The histogram color and intensity provide instant feedback about the current trend direction and strength, with special colors highlighting particularly significant moves.
Remember:
- Combine signals from histogram, marker lines, and peak formations
- Use appropriate timeframe settings for your trading style
- Customize the indicator to match your visual preferences
- Consider market conditions and correlate with price action
This indicator works best when:
- Used as part of a comprehensive trading system
- Combined with proper risk management
- Applied with an understanding of current market conditions
- Signals are confirmed by price action and other indicators
**DISCLAIMER**: This indicator and its signals are intended solely for educational and informational purposes. They do not constitute financial advice. Trading involves significant risk of loss. Always conduct your own analysis and consult with financial professionals before making trading decisions.
Adaptive ROC-Based Trading Strategy
Developed a quantitative trading strategy leveraging Rate of Change (ROC) and RSI for momentum-based entries.
Implements adaptive ROC thresholds to filter noise and enhance signal accuracy.
Dynamically adjusts position entries using a hybrid mean-reversion and trend-following approach.
Integrates Cobra Metrics for performance visualization, enabling real-time strategy evaluation.
Optimized for efficient execution and minimal computational overhead in TradingView.
Let me know if you want to highlight specific improvements or add more detail!
VVV AB+The VVV AB+ is an indicator that displays information on the chart based on higher time frame candles and their characteristics. The indicator performs the following functions:
Candle Analysis: The indicator calculates the direction and colors (bullish or bearish) of the selected time frame candles and draws a box around the candle body, depending on whether the closing price is higher or lower than the previous candle’s opening price.
Lines: The indicator calculates and displays the median value of the selected candles (the average of the high and low), as well as a simple moving average (SMA), providing additional technical information to the user.
This indicator can be useful for those who focus on analyzing higher time frame candles while visually displaying the candle's direction and other key information, such as the previous day's high/low.
A VVV AB+ egy olyan indikátor, amely a magasabb időkeretű gyertyák és azok jellemzői alapján jelenít meg információkat a grafikonon. Az indikátor az alábbi funkciókat valósítja meg:
Gyertya elemzés: Az indikátor kiszámítja a választható idősíkú gyertyák testének irányát és a színeket (bullish vagy bearish), majd a megfelelő színű dobozt rajzol a gyertya teste köré, attól függően, hogy a záróár magasabb vagy alacsonyabb volt, mint az előző gyertya nyitóára.
Vonalak: Az indikátor kiszámítja és megjeleníti a kiválasztott gyertyák medián értékét (a magas és alacsony átlagát), illetve egy egyszerű mozgóátlagot (SMA), hogy további technikai információkat nyújtson a felhasználónak.
Ez az indikátor hasznos lehet azok számára, akik a magasabb időkeretű gyertyák elemzésére építenek, miközben vizuálisan is megjelenítik a gyertya irányát és más kulcsfontosságú információkat, mint PL előző napi High/Low.
Long/Short CalculatorBrief Description of the Pine Script Code
This TradingView Pine Script creates a Long/Short Position Calculator that helps traders calculate position size, risk percentage, and risk-reward ratio (RRR) based on user inputs.
🚀 Features
✅ User Inputs:
Account Balance ($)
Risk Percentage (%)
Entry Price ($)
Stop-Loss Price ($)
Take-Profit Price ($)
Leverage (x)
✅ Automatic Calculations:
Risk Amount: How much money is at risk per trade.
Position Size: The number of units to trade based on risk.
Risk-Reward Ratio (RRR): Determines if the trade setup is favorable.
✅ Visual Display on Chart:
Labels showing Position Size and Risk-Reward Ratio near the current price.
✅ Alerts:
Triggers an alert when the RRR is 2 or greater, indicating a high-reward trade.
🛠️ How It Works:
1️⃣ The trader enters their trade details (entry price, stop-loss, take-profit, etc.).
2️⃣ The script calculates the position size based on the risk amount.
3️⃣ If the trade is valid, it plots labels on the chart showing key details.
4️⃣ If RRR ≥ 2, an alert is triggered, notifying the trader of a good opportunity.
This script is useful for Bitcoin, ETFs, and other tradable assets on TradingView! 🚀
Would you like additional features like automatic trade execution? 🔥
[VectorAlgo] Smart Momentum OscillatorThe Smart Momentum Oscillator (SMO) is a powerful indicator that combines RSI, MACD, and Volume to provide enhanced trend confirmation. This unique approach helps traders make better-informed decisions by filtering out false signals and increasing reliability in market momentum analysis.
- RSI Integration: Measures relative strength with a 50-centerline.
- MACD Histogram Influence: Identifies trend strength and direction.
- Volume Normalization: Adjusts momentum signals based on trading volume impact.
- Zero-Centered Oscillator: Easy-to-interpret trend shifts.
- Visual Enhancements: Color-coded bars and background for quick insights.
How It Works
RSI Component: Calculates RSI and centers it around 50 to measure momentum.
MACD Component: Uses the MACD histogram to gauge trend strength.
Volume Component: Normalizes volume against the highest of the last 50 bars.
Final Calculation: Combines the three components into a single oscillator with smoothing.
Color Coding: Green when momentum is positive, red when negative.
Usage
Buy Signal: When SMO crosses above 0, indicating bullish momentum.
Sell Signal: When SMO crosses below 0, signaling bearish momentum.
Divergences: Watch for SMO divergences against price action for early trend shifts.
Customization
- Adjustable RSI Length, MACD Settings, and Volume Weighting.
- Modify colors and smoothing settings for personal preference.
Enhanced MA and RSI StrategyOverview: Trend following is a strategy that attempts to capture gains through the analysis of an asset's momentum in a particular direction. One of the simplest and most effective ways to implement a trend-following strategy is using moving averages.
Key Components
Indicators Used:
Moving Averages: Typically, a combination of a short-term and a long-term moving average (e.g., 50-day and 200-day simple moving averages).
Entry Signals:
Buy Signal: When the short-term moving average crosses above the long-term moving average (Golden Cross).
Sell Signal: When the short-term moving average crosses below the long-term moving average (Death Cross).
Exit Signals:
Close the position when the opposite signal occurs (i.e., sell when a death cross happens after a buy).
Risk Management:
Set stop-loss orders below the most recent swing low (for long positions) or above the swing high (for short positions).
Use a risk-to-reward ratio of at least 1:2.
Example of the Strategy in Action
Assumptions:
We will use a 50-day moving average as the short-term and a 200-day moving average as the long-term.
Buy Signal Example:
Date: March 1, 2023
Short MA (50-day): $100
Long MA (200-day): $98
Action: Buy when the 50-day MA crosses above the 200-day MA.
Sell Signal Example:
Date: June 1, 2023
Short MA (50-day): $120
Long MA (200-day): $119
Action: Sell when the 50-day MA crosses below the 200-day MA.
Advantages of the Strategy
Simplicity: Easy to understand and implement.
Objective: Removes emotional decision-making by relying on predefined
NQ-VXN Scalping Signals with S/R BreakoutsThis monitors support and resistance along with VXN to find quality, high probability trades at key levels.
Kodi Kai MomentumThis is the Kodi Kai Momentum Indicator.
The Kodi Kai Momentum Indicator demonstrates momentum swings in the market and is meant to be used in conjunction with the Kodi Kai Trend Meter Indicator when applying the Kodi Kai Trading Systems.
When a momentum signal appears and it is green, it is indicating that price is moving in a bullish upwards direction.
When a momentum signal appears and it is is red, it is indicating that price is moving in a bearish downwards direction.
A momentum signal direction can only appear once at a time and will never overlap, meaning if there is a bullish buy momentum signal active, another bullish buy momentum signal cannot appear again after until after a sell momentum signal has appeared.
Vice versa, if there is a bearish sell momentum signal active, another bearish sell momentum signal cannot appear again until after a buy momentum signal has appeared.
This indicator does not repaint, once the signal has closed it will remain on the chart.
When using the Kodi Kai Momentum Indicator in conjunction with the Kodi Kai Trend Meter Indicator you can use both indications as a confluence to identify momentum swings in the direction of the trend.
Example 1:
Green bullish trend meter plus green bullish momentum signal provides for a bullish confluence and increased confidence that price is going to continue in an upwards direction.
Using this confluence you can enter a buy directional position and follow until the trend meter and momentum signal change in another direction.
Example 2:
Red bearish trend meter plus red bearish momentum signal provides for a bearish confluence and increased confidence that price is going to continue in an downwards direction.
Using this confluence you can enter a sell directional position and follow until the trend meter and momentum signal change in another direction.
In the Kodi Kai Trend Momentum Indicator works on all timeframes and be adjust however you see fit to help identify your specific edge in the market.
There is also an option to set 2 timeframes under the scalp settings so a gold signal will appear if there is a momentum signal active for both selected timeframes.
If you are interested in using our Kodi Kai Momentum Indicator or Kodi Kai Trading Systems, visit out website listed in our profile signature or profile page.
