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Indicators and strategies

ATT Model with Buy/Sell SignalsIndicator Summary This indicator is based on the ATT (Arithmetic Time Theory) model, using specific turning points derived from the ATT sequence (3, 11, 17, 29, 41, 47, 53, 59) to identify potential market reversals. It also integrates the RSI (Relative Strength Index) to confirm overbought and oversold conditions, triggering buy and sell signals when conditions align with the ATT sequence and RSI level. Turning Points: Detected based on the ATT sequence applied to bar count. This suggests high-probability areas where the market could turn. RSI Filter: Adds strength to the signals by ensuring buy signals occur when RSI is oversold (<30) and sell signals when RSI is overbought (>70). Max Signals Per Session: Limits signals to two per session to reduce over-trading. Entry Criteria Buy Signal: Enter a buy trade if: The indicator displays a green "BUY" marker. RSI is below the oversold level (default <30), suggesting a potential upward reversal. Sell Signal: Enter a sell trade if: The indicator displays a red "SELL" marker. RSI is above the overbought level (default >70), indicating a potential downward reversal. Exit Criteria Take Profit (TP): Define TP as a fixed percentage or point value based on the asset's volatility. For example, set TP at 1.5-2x the risk, or a predefined point target (like 50-100 points). Alternatively, exit the position when price approaches a key support/resistance level or the next significant swing high/low. Stop Loss (SL): Place the SL below the recent low (for buys) or above the recent high (for sells). Set a fixed SL in points or percentage based on the asset’s average movement range, like an ATR-based stop, or limit it to a specific risk amount per trade (1-2% of account). Trailing into Profit Use a trailing strategy to lock in profits and let winning trades run further. Two main options: ATR Trailing Stop: Set the trailing stop based on the ATR (Average True Range), adjusting every time a new candle closes. This can help in volatile markets by keeping the stop at a consistent distance based on recent price movement. Break-Even and Partial Profits: When the price moves in your favor by a set amount (e.g., 1:1 risk/reward), move SL to the entry (break-even). Take partial profit at intermediate levels (e.g., 50% at 1:1 RR) and trail the remainder. Risk Management for Prop Firm Evaluation Prop firms often have strict rules on daily loss limits, max drawdowns, and minimum profit targets. Here’s how to align your strategy with these: Limit Risk per Trade: Keep risk per trade to a conservative level (e.g., 1% or lower of your account balance). This allows for more room in case of a drawdown and aligns with most prop firm requirements. Daily Loss Limits: Set a daily stop-loss that ensures you don’t exceed the firm’s rules. For example, if the daily limit is 5%, stop trading once you reach a 3-4% drawdown. Avoid Over-Trading: Stick to the max signals per session rule (one or two trades). Taking only high-probability setups reduces emotional and reactive trades, preserving capital. Stick to a Profit Target: Aim to meet the evaluation’s profit goal efficiently but avoid risky or oversized trades to reach it faster. Avoid Major Economic Events: News events can disrupt technical setups. Avoid trading around significant releases (like FOMC or NFP) to reduce the chance of sudden losses due to high volatility. Summary Using this strategy with discipline, a structured entry/exit approach, and tight risk management can maximize your chances of passing a prop firm evaluation. The ATT model’s turning points, combined with the RSI, provide an edge by highlighting reversal zones, while limiting trades to 1-2 per session helps maintain controlled risk.
Pine Script™ indicator
by alixx220
Multi-Trend SynchronizerMulti-Trend Synchronizer The Multi-Trend Synchronizer indicator provides a multi-timeframe trend analysis using SMMA (Smoothed Moving Average) across three user-defined timeframes: short, medium, and long-term. By synchronizing trends from these timeframes, this tool helps traders identify stronger alignment signals for potential trend continuation or reversal, enhancing decision-making in various market conditions. Key Features Multi-Timeframe Trend Analysis: Users can set three different timeframes, allowing flexibility in tracking trends over short (e.g., 15 minutes), medium (e.g., 1 hour), and long-term (e.g., 4 hours) intervals. Clear Trend Visualization: The indicator plots SMMA lines on the main chart, color-coded by timeframe for intuitive reading. It also displays an at-a-glance trend alignment table, showing the current trend direction (bullish, bearish, or neutral) for each timeframe. Buy and Sell Signals: Alignment across all timeframes generates Buy and Sell signals, visualized on the chart with distinct markers to aid entry/exit timing. Usage Notes This indicator is best used for trend-following strategies. The SMMA-based design provides smoother trend transitions, reducing noise compared to standard moving averages. However, as with all indicators, it is not foolproof and should be combined with other analyses for robust decision-making. How It Works The indicator calculates SMMA values for each selected timeframe and tracks trend changes based on SMMA's direction. When all timeframes show a unified direction (either bullish or bearish), the indicator generates a Buy or Sell signal. A table displays real-time trend direction, with color codes to assist traders in quickly assessing the market's overall direction. Indicator Settings Timeframes: Customize each SMMA timeframe to align with personal trading strategies or market conditions. SMMA Length: Adjust the length of the SMMA to control sensitivity. Lower values may increase signal frequency, while higher values provide smoother, more stable trend indicators. Disclaimer: As with any trend-following tool, this indicator is most effective when used in trending markets and may be less reliable in sideways conditions. Past performance does not guarantee future results, and users should be cautious of market volatility. Use it for educational purposes!
Pine Script™ indicator
by shortymkd
MERCURY by Dr.Abiram Sivprasad - Adaptive Pivot and Ema AlertSYSThe MERCURY indicator is an advanced, adaptive indicator designed to support traders in detecting critical price movements and trend reversals in real time. Developed with precision by Dr. Abhiram Sivprasad, this tool combines a sophisticated Central Pivot Range (CPR), EMA crossovers, VWAP levels, and multiple support and resistance indicators into one streamlined solution. Key Features: Central Pivot Range (CPR): MERCURY calculates the central pivot along with below-central (BC) and top-central (TC) pivots, helping traders anticipate areas of potential reversal or breakout. EMA Crossovers: The indicator includes up to nine EMAs with customizable lengths. An integrated EMA crossover alert system provides timely signals for potential trend shifts. VWAP Integration: The VWAP levels are used in conjunction with EMA crossovers to refine trend signals, making it easier for traders to spot high-probability entries and exits. Adaptive Alerts for Breakouts and Breakdowns: MERCURY continuously monitors the chart for conditions such as all EMAs turning green or red. The alerts trigger when a candle body closes above/below the VWAP and EMA1 and EMA2 levels, confirming a breakout or breakdown. Customizable EMA Dashboard: An on-chart table displays the status of EMAs in real-time, with color-coded indicators for easy readability. It highlights long/short conditions based on the EMA setup, guiding traders in decision-making at a glance. How to Use: Trend Confirmation: Use the CPR and EMA alignment to identify uptrends and downtrends. The table colors and alerts provide a clear, visual cue for entering long or short positions. Breakout and Breakdown Alerts: The alert system enables traders to set continuous alerts for critical price levels. When all EMAs align in one color (green for long, red for short), combined with a candle closing above or below VWAP and EMA levels, the indicator generates breakout or breakdown signals. VWAP & EMA Filtering: VWAP acts as a dynamic support/resistance level, while the EMAs provide momentum direction. Traders can refine entry/exit points based on this multi-layered setup. Usage Scenarios: Day Trading & Scalping: Traders can use the CPR, VWAP, and EMA table to make swift, informed decisions. The multiple EMA settings allow scalpers to set shorter EMAs for quicker responses. Swing Trading: Longer EMA settings combined with VWAP and CPR can provide insights into sustained trends, making it useful for holding positions over several days. Risk Management: MERCURY dashboard and alert functionality allow traders to set clear boundaries, reducing impulsive decisions and enhancing trading discipline. Indicator Composition: Open-Source: The core logic for CPR and EMA crossovers is presented open-source, ensuring transparency and user adaptability. Advanced Logic Integration: This indicator implements custom calculations and filtering, optimizing entry and exit signals by merging VWAP, CPR, and EMA in a logical and user-friendly manner. Chart Requirements: For best results, use MERCURY on a clean chart without additional indicators. The default settings are optimized for simplicity and clarity, so avoid cluttering the chart with other tools unless necessary. Timeframes: MERCURY is suitable for timeframes as low as 5&15 minutes for intraday trading and up to daily timeframes for trend analysis. Symbol Settings: Works well across forex, stocks, and crypto assets. Adjust EMA lengths based on the asset’s volatility. Example Chart Settings: Symbol/Timeframe: BTCUSD, 1-hour timeframe (or any symbol as per user preference). Settings: Default settings for CPR and EMA table. Chart Style: Clean chart with MERCURY as the primary indicator. Publishing Considerations: Invite-Only Access: If setting to invite-only, ensure compliance with the Vendor requirements. Limit Claims: Avoid making unsubstantiated claims about accuracy, as MERCURY should be viewed as a tool to aid analysis, not as a guaranteed performance predictor. Example Strategy This indicator provides signals primarily for trend-following and reversal strategies: 1. Trend Continuation: - Buy Signal: When the price crosses above both EMA1 and EMA2 and holds above the daily CPR level, a bullish trend continuation is confirmed. - Sell Signal: When the price crosses below both EMA1 and EMA2 and holds below the daily CPR level, a bearish trend continuation is confirmed. 2. Reversal at Pivot Levels: - If the price approaches a resistance (R1, R2, or R3) from below with an uptrend and then begins to cross under EMA1 or EMA2, it may signal a bearish reversal. - If the price approaches a support (S1, S2, or S3) from above in a downtrend and then crosses above EMA1 or EMA2, it may signal a bullish reversal. Example Setup - Long Entry - When the price crosses above the daily pivot point and closes above both EMA1 and EMA2. - Hold the position if the price remains above the VWAP band and monitor for any EMA crossunder as an exit signal. - Short Entry: - When the price drops below the daily pivot and both EMA1 and EMA2 cross under the price. - Consider covering the position if the price breaks above the VWAP band or if a crossover of EMA1 and EMA2 occurs. Alerts Alerts are customizable based on EMA1 & EMA2 crossovers to notify the trader of potential trend shifts.
Pine Script™ indicator
by abiramsivprasad
Alex JMA RSX Clone with Price & Divergence [LazyBear]Indicator Description: RSX Indicator (RSXC_LB): This script is based on a clone of the JMA RSX (Relative Strength Index clone by LazyBear). It is a momentum-based indicator that helps identify overbought and oversold levels, as well as potential trend reversals. Functional Changes: Convergence is now marked with a white line on the RSX plot. Bullish Divergence is marked with a green line, indicating potential upward movement. Bearish Divergence is marked with a red line, indicating potential downward movement. The default state is marked with a blue line. Strong Divergences (both bullish and bearish) are highlighted with triangle markers on the chart. Updated Features: The script now visualizes convergence and divergence more clearly using distinct colors: White: Convergence (indicates potential trend strength). Green: Bullish divergence (possible price increase). Red: Bearish divergence (possible price decrease). Blue: Neutral/default state. Triangle markers indicate strong divergences, making it easier for the user to spot critical moments. This visual enhancement aims to provide clearer and more intuitive signals for traders using the RSX indicator, helping them identify trend changes and reversals more effectively.
Pine Script™ indicator
by grantmax
Swing Percentile Lines [QuantVue]The Swing High/Low Percentile Indicator is designed to help traders identify key price levels based on the most recent swing high and low. By anchoring to the most recent swing high and swing low, the indicator automatically generates percentile lines ( 25%, 50%, 75%) that act as dynamic support and resistance levels. What Does the Indicator Do? The Swing High/Low Percentile Indicator works by identifying the most recent significant price swings, whether it's a swing high or swing low. It then calculates the range between these points and divides the distance into percentage-based levels. These levels are plotted on the chart as clear, easy-to-read lines at 25%, 50%, and 75% of the range between the swing high and low. These percentile lines serve as dynamic price zones where traders can anticipate potential reactions, whether the market is trending or consolidating. How Can Traders Use the Indicator? Support and Resistance: The percentile lines act as evolving support and resistance zones. Traders can anticipate price bounces or breaks at these levels, providing opportunities for trend-following or reversal trades. Trend Identification: The indicator helps traders determine the strength of a trend. In a strong uptrend, price will likely stay above the 50% or 75% lines, while in a downtrend, it may remain below the 50% or 25% lines. This gives traders an edge in recognizing the overall market direction. Entry and Exit Points: Traders can use the percentile lines to time their entries and exits. For example, entering a trade on a pullback to the 25% or 50% line offers a favorable risk-to-reward ratio. Similarly, the percentile lines serve as natural profit targets, allowing traders to plan exits as the price approaches the 50% or 75% levels. Risk Management: The clear delineation of price levels makes it easy for traders to set stop-loss orders. For example, if price falls below the 25% line in an uptrend, it may signal weakness, prompting an exit or reduced position size. Breakout and Breakdown Scenarios: When price breaks above a recent swing high or below a swing low, the percentile lines provide traders with pullback entry opportunities or key levels to watch for continuation of the move.
Pine Script™ indicator
by QuantVue
Nami Bands with Future Projection [FXSMARTLAB]The Nami Bands ( Inspired by "Nami", meaning "wave" in Japanese) are two dynamic bands around price data: an upper band and a lower band. These bands are calculated based on an Asymmetric Linear Weighted Moving Average of price and a similarly asymmetric weighted standard deviation. This weighting method emphasizes recent data without overreacting to short-term price changes, thus smoothing the bands in line with prevailing market conditions. Advantages and Benefits of Using the Indicator * Volatility Analysis: The bands expand and contract with market volatility, helping traders assess periods of high and low volatility. Narrow bands indicate low volatility and potential consolidation, while wide bands suggest increased volatility and potential price movement. * Dynamic Support and Resistance Levels: By adapting to recent trends, the bands serve as dynamic support (lower band) and resistance (upper band) levels, which traders can use for entry and exit signals. * Overbought and Oversold Conditions: When prices reach or cross the bands’ outer limits, it may signal overbought (upper band) or oversold (lower band) conditions, suggesting possible reversals or trend slowdowns. * Trend Confirmation and Continuation: The slope of the central moving average confirms trend direction. An upward slope generally indicates a bullish trend, while a downward slope suggests a bearish trend. * Anticipating Breakouts and Reversals: The projected bands help identify where price movements may head, allowing traders to anticipate potential breakouts or reversals based on projected support and resistance. Indicator Parameters Source (src): The price data used for calculations, by default set to the average of high, low, and close (hlc3). Length: The period over which calculations are made, defaulted to 50 periods. Projection Length: The length for future band projection, defaulted to 20 periods. StdDev Multiplier (mult): A multiplier for the standard deviation, defaulted to 2.0. Internal Calculations 1. Asymmetric Linear Weighted Moving Average of Price The indicator uses an Asymmetric Linear Weighted Moving Average (ALWMA) to calculate a central value for the price. Asymmetric Weighting: This weighting technique assigns the highest weight to the most recent value, with weights decreasing linearly as the data points become older. This structure provides a nuanced focus on recent price trends, while still reflecting historical price levels. 2. Asymmetric Weighted Standard Deviation The standard deviation in this indicator is also calculated using asymmetric weighting: Purpose of Asymmetric Weighted Standard Deviation: Rather than aiming for high sensitivity to recent data, this standard deviation measure smooths out volatility by integrating weighted values across the length period, stabilizing the overall measurement of price variability. This approach yields a balanced view of volatility, capturing broader market trends without being overly reactive to short-lived changes. 3. Upper and Lower Bands The upper and lower bands are created by adding and subtracting the asymmetric weighted standard deviation from the asymmetric weighted average of price. This creates a dynamic envelope that adjusts to both recent price trends and the smoothed volatility measure: These bands represent adaptable support and resistance levels that shift with recent market volatility. Future Band Projection The indicator provides a projection of the bands based on their current slope. 1. Calculating the Slope of the Bands The slope for each band is derived from the difference between the current and previous values of each band. 2. Projecting the Bands into the Future For each period into the future, up to the defined Projection Length, the bands are projected using the current slope. This feature offers an anticipated view of where support and resistance levels may move, providing insight for future market behavior based on current trends.
Pine Script™ indicator
by FXSMARTLAB