Fourier Smoothed Volume Zone Oscillator ( FSVZO )Overview 🔎
The fourier smoothed Volume Zone Oscillator (FSVZO) is a versatile tool designed to provide traders with a detailed understanding of market conditions by examining volume dynamics. FSVZO applies a series of advanced regularization techniques aimed at trying to reduce market noise, making signals potentially more readable and actionable. This indicator combines traditional technical analysis tools with a unique set of smoothing functions, aimed at creating a more balanced and reliable oscillator that can assist traders in their decision-making process.
A Combination of Technical Elements for a Unique Edge 🔀
FSVZO integrates a variety of technical elements to offer a comprehensive perspective on the market. These elements can be used individually or in combination, depending on user preferences. Here are the main components:
Volume Zone Oscillator (VZO): This foundational element leverages volume data to identify trends and shifts in buying or selling pressure. Unlike a standalone VZO, the FSVZO incorporates a Fourier-based regularization technique to reduce false signals, allowing traders to focus on meaningful volume-driven movements.
Ehler's White Noise Filter: This component is a sophisticated filter that helps distinguish genuine market signals from white noise. By isolating the meaningful movements in price and volume, the white noise filter contributes to the clarity and reliability of the signals generated.
Divergences Detection: FSVZO also provides divergence signals (both hidden and regular) based on the oscillator and price action. Divergences can be used to anticipate possible market reversals or confirmations, enhancing the trader's ability to recognize significant market shifts.
Money Flow Index (MFI) Smoothing: The MFI is calculated and then smoothed using wavelet and whitenoise techniques, providing a cleaner view of money flow within the market. This helps reduce erratic fluctuations and focuses on more consistent trends.
Trendshift Visualization: The FSVZO features an optional trendshift indicator, highlighting shifts between bullish and bearish conditions. These visual cues make it easier to identify trend reversals, aiding traders in timely decision-making.
Flexible Display Options 📊
FSVZO offers a variety of display modes to cater to different trading styles and visual preferences:
Neon Style Plot: The oscillator is presented with neon-style plots primarily for aesthetic purposes.
Color Blindness Modes 🌈: FSVZO includes several color palettes to accommodate traders affected by different types of color blindness (Protanopia, Deuteranopia, Tritanopia, Achromatopsia). These options ensure that everyone can easily interpret the signals, regardless of visual impairments.
Take Profit Areas & Alerts: The indicator can display take profit areas based on overbought or oversold conditions of the smoothed oscillator, marked by background hues to provide a clear visual signal. Alerts for high and low thresholds can also be enabled to identify moments of increased buying or selling interest.
Divergences and Trend Analysis 🔍
FSVZO also aims to identify bullish and bearish divergences:
Regular Bullish/Bearish Divergence: These occur when the oscillator diverges from the price action, indicating a possible reversal.
Hidden Bullish/Bearish Divergence: These occur within a trend, signaling continuation opportunities that help traders capitalize on ongoing trends.
FSVZO also supports additional filtering for divergences, allowing users to refine the detection of divergences to better suit their trading preferences.
Enhanced Noise Filtering 🔄
One of the unique features of FSVZO is its Fourier Regularization and Ehler's White Noise Filter, which help improve signal reliability by reducing the impact of market noise. These filtering methods are beneficial for traders seeking to avoid whipsaws and focus on more meaningful market movements.
Why FSVZO Stands Out 🔑
Noise Reduction: By combining multiple filtering techniques, FSVZO is designed to react to price changes as quickly as possible while offering various smoothing options to reduce noise, which may make it less responsive but more stable.
Flexible Visualization: The option to use different display modes and the inclusion of color blindness-friendly palettes make FSVZO versatile and accessible to all traders.
Detailed Divergence Analysis: The integration of both regular and hidden divergence detection helps improve the potential for identifying trading opportunities.
Advanced Regularization Techniques: The use of Fourier transformation and white noise filters adds a unique aspect to volume analysis, differentiating FSVZO from other traditional volume oscillators.
Conclusion 🔒
The Regularized Volume Zone Oscillator (FSVZO) is a unique tool that brings together multiple advanced techniques to help traders better understand market conditions and volume dynamics. The indicator is designed to react to price changes as quickly as possible, which may lead to false signals; however, it also offers smoothing options to help reduce noise at the cost of reduced reaction speed. This balance between responsiveness and stability provides traders with flexibility in adapting the indicator to different market conditions. However, as with all indicators, it is crucial to combine FSVZO with other tools and maintain sound risk management practices.
FSVZO is primarily designed for more experienced traders due the number of different signals it provides. It offers enhanced insights into volume trends and market movement, and should be used alongside other indicators to reduce risk and false signals
Indicators and strategies
Pappabborgia Nasdaq RSI This script provides a custom Relative Strength Index (RSI) indicator that plots both the RSI of the selected stock and the Nasdaq (IXIC) on the same chart.
It offers a clear, side-by-side view to help traders better understand the stock's momentum relative to the overall market.
Key Features:
RSI Calculation for the Stock:
The script calculates the RSI for the chosen stock, with a default period of 14, adjustable to fit different timeframes.
The stock’s RSI is displayed in green 🟢, providing a direct view of its strength and momentum 📈.
RSI of the Nasdaq:
The script fetches the Nasdaq’s closing prices and calculates its RSI, which is shown in red for clear comparison 🔴.
Legend for Clarity:
A simple legend in the top-right corner identifies the green line as the stock’s RSI and the red line as the Nasdaq’s RSI, making it easy to interpret 📊.
Why Comparing the Stock's RSI to the Nasdaq Matters:
Broader Market Context:
Viewing both RSIs on the same chart helps you see whether the stock is moving in sync with the broader market or behaving independently. This provides valuable context for decision-making 📉.
Relative Strength Insights:
Comparing the stock’s RSI to the Nasdaq’s RSI highlights whether the stock is outperforming or underperforming the overall market, helping identify potential opportunities or risks 🟢🔴.
Improved Risk Management:
Monitoring overbought or oversold conditions in both the stock and Nasdaq RSIs can signal broader market trends and help avoid risky trades ⚠️.
Overall Benefit:
By tracking the RSI of both the stock and the Nasdaq, this script offers a powerful tool for understanding a stock's relative strength, providing essential context for smarter trading decisions 🎯.
Fibonacci Retracement Levels (Horizontal)With this, you should be able to see the Fibonacc-i retracement levels plotted as horizontal lines on your chart. If needed, you can adjust the len parameter to increase or decrease the lookback period used to calculate the high and low points.
Horizontal Lines: I've added horizontal lines for each Fibonacci retracement level (0%, 23.6%, 38.2%, 50%, 61.8%, 100%), starting from the current bar index to ensure they extend horizontally across the chart.
Labels: Labels are now placed on the right side of the chart for each level so you can easily identify the Fibonacci levels.
Dont make me crossStrategy Overview
This trading strategy utilizes Exponential Moving Averages (EMAs) to generate buy and sell signals based on the crossover of two EMAs, which are shifted downwards by 50 points. The strategy aims to identify potential market reversals and trends based on these crossovers.
Components of the Strategy
Exponential Moving Averages (EMAs):
Short EMA: This is calculated over a shorter period (default is 9 periods) and is more responsive to recent price changes.
Long EMA: This is calculated over a longer period (default is 21 periods) and provides a smoother view of the price trend.
Both EMAs are adjusted by a fixed shift amount of -50 points.
Input Parameters:
Short EMA Length: The period used to calculate the short-term EMA. This can be adjusted based on the trader's preference or market conditions.
Long EMA Length: The period used for the long-term EMA, also adjustable.
Shift Amount: A fixed value (default -50) that is subtracted from both EMAs to shift their values downwards. This is useful for visual adjustments or specific strategy requirements.
Plotting:
The adjusted EMAs are plotted on the price chart. The short EMA is displayed in blue, and the long EMA is displayed in red. This visual representation helps traders identify the crossover points easily.
Signal Generation:
Buy Signal: A buy signal is generated when the short EMA crosses above the long EMA. This is interpreted as a bullish signal, indicating potential upward price movement.
Sell Signal: A sell signal occurs when the short EMA crosses below the long EMA, indicating potential downward price movement.
Trade Execution:
When a buy signal is triggered, the strategy enters a long position.
Conversely, when a sell signal is triggered, the strategy enters a short position.
Trading Logic
Market Conditions: The strategy is most effective in trending markets. During sideways or choppy market conditions, it may generate false signals.
Risk Management: While this script does not include explicit risk management features (like stop-loss or take-profit), traders should consider implementing these to manage their risk effectively.
Customization
Traders can customize the EMA lengths and the shift amount based on their analysis and preferences.
The strategy can also be enhanced with additional indicators, such as volume or volatility measures, to filter signals further.
Use Cases
This strategy can be applied to various timeframes, such as intraday, daily, or weekly charts, depending on the trader's style.
It is suitable for both novice and experienced traders, offering a straightforward approach to trading based on technical analysis.
Summary
The EMA Crossover Strategy with a -50 shift is a straightforward technical analysis approach that capitalizes on the momentum generated by the crossover of short and long-term EMAs. By shifting the EMAs downwards, the strategy can help traders visualize potential entry and exit points more clearly, although it's important to consider additional risk management and market context for effective trading.
Exponantial Spread StrategyIt is strongly recommended to evaluate the strategy's performance on long time frames such as 1D or 4H.
This strategy calculates a custom moving average by the formula EMA+(TEMA-DEMA)*G,
G being the gain parameter. The main idea behind that is since TEMA is much more adaptive than DEMA their spread give us momentum, and incorporating this with a gain allows us to calculate a very responsive but yet not noisy moving average.
We calculate 4 MAs like described with gains 0,1,2,3 from less adaptive (normal EMA) to most adaptive. When they align in terms of position and the price is above the original MA we enter a long position, and do partial exits at each crossunder weighted by how adaptive ma is, the more adaptive the less weight, we do a full stop when the price crossed below under the original MA or the position aligment changed.
European and American Trading Sessions (Blue)The European and American trading sessions, in particular, are known for their volatility and volume, making them key periods for traders to watch.
This Pine Script indicator, "European and American Trading Sessions," helps traders visually distinguish these sessions directly on their charts by shading the background during active hours. We use this indicator in combination with the one that highlights the nighttime phases in white.
Here's a breakdown of how the indicator works:
Key Features of the Script:
Timezone Configuration:
The script allows users to select a timezone from a predefined list that includes UTC, London, Rome, New York, and Tokyo. This flexibility ensures that the session times are accurately displayed regardless of the server or local time of the user.
European Session Parameters:
Users can set the start and end times for the European session. By default, the session runs from 08:00 to 12:00, but the input options make it customizable down to the minute. The European session is highlighted with a light blue background (36% opacity) to avoid overwhelming the chart while still providing a clear visual cue.
American Session Parameters:
Similar to the European session, the American session can be customized. The default times are set from 12:01 to 20:59. This session is highlighted in a slightly darker blue (80% opacity), providing a distinct visual difference from the European session.
Session Timing Calculation:
The script calculates the start and end times for each session based on the selected timezone. It uses the timestamp() function to account for year, month, day, hour, and minute, ensuring that session timings are accurately applied to each day’s trading activity.
Background Highlighting:
Once the session times are defined, the script checks if the current chart time (time) falls within the European or American trading session. If the condition is true, the corresponding background color is applied, visually highlighting the active session directly on the chart. This feature makes it easy to identify when the European or American markets are in play.
Benefits for Traders:
Clear Session Visibility: The color-coded background makes it effortless for traders to identify when key trading sessions are active without needing to constantly check the clock.
Customizable to Your Needs:
With full control over the start and end times for both sessions, traders can adapt the indicator to fit their specific trading hours or preferences.
Timezone Flexibility:
No matter where you're trading from, the ability to set the timezone ensures that the sessions are displayed correctly according to your local time.
Explanation of the Code:
Timezone Selection:
Allows the user to select a timezone from predefined options such as Europe/Rome, America/New_York, etc. This timezone will be used to calculate session start and end times.
Session Timing Inputs:
The script takes user inputs for the start and end times of the European and American trading sessions. These inputs include the hour and minute for both sessions.
Colors:
The color of the European session is set to a blue shade with 36% opacity.
The American session is also colored blue but with a higher opacity of 80%.
Timestamp Calculation:
The timestamp() function converts the input hours and minutes into a time value, accounting for the selected timezone.
Session Conditions:
The script checks if the current time (time) falls within the European or American session. If true, it applies the respective background color for that session. This approach creates clear visual highlights on the chart, marking the active hours of the European and American trading sessions based on user inputs.
Options Series - Supertrend, HalfTrend, Ichimoku Cloud and P_SAR➤ Supertrend:
➤ HalfTrend:
➤ Ichimoku Cloud:
➤ Parabolic SAR:
⭐ Overview and How It Works:
This script combines multiple popular technical indicators—Supertrend, HalfTrend, Ichimoku Cloud, and Parabolic SAR—into a single, cohesive tool for analyzing price trends and reversals. Designed for traders who prefer multi-layered confirmation, it displays non-overlay signals in a candlestick format, helping users make sense of intricate market dynamics. It also includes a "Master Candle" condition, which aggregates the signals from all indicators, providing a powerful snapshot of market sentiment.
References for study,
Supertrend and HalfTrend and Ichimoku Cloud and Parabolic SAR
⭐ Key Features and Functionality:
The script integrates four indicators and visually represents them in a non-overlay fashion, meaning that each indicator's signal appears on separate candlestick layers. It uses color coding to differentiate between bullish and bearish signals. The Master Candle is a unique feature that aggregates the signals from all indicators to show the overall sentiment.
Supertrend: It uses ATR and a multiplier factor to create a trailing stop, identifying bullish and bearish trends.
HalfTrend: It analyzes market volatility that provides buy and sell signals based on volatility channels and historical highs and lows.
Ichimoku Cloud: It leverages historical highs and lows to form the conversion and baseline, which are compared to assess market strength.
Parabolic SAR: A stop-and-reverse system that highlights potential reversals. It is based on time and price, offering traders potential reversal points.
Master Candle: It computes a score based on the confluence of all four indicators, adding another layer of confirmation.
🎨 Visualizations and User Experience:
The script's user interface is highly visual, with color-coded candlesticks plotted across multiple layers. Each indicator has its own color coding for bullish and bearish signals, ensuring clarity:
➤ Green for bullish signals.
➤ Red for bearish signals.
➤ Each candlestick layer represents a different indicator (e.g., Supertrend, HalfTrend, etc.), making it easy for the trader to isolate and interpret signals.
➤ The "Master Candle" provides an overarching view of the market by displaying a consolidated signal, which can reduce confusion from mixed indicator signals.
⭐ Settings and Customization:
The script is highly customizable, allowing users to adjust the settings for each indicator. Key customizable parameters include:
• Supertrend ATR Period and Factor
• HalfTrend Amplitude and Channel Deviation
• Ichimoku Conversion, Base, and Lagging Span Periods
• Parabolic SAR Start, Increment, and Maximum value
Additionally, users can toggle the visibility of each indicator and customize the look of the plot to suit their preferences.
⭐ Uniqueness of the Concept:
No repaints. This is the advanced representation and the combination of multiple indicators into a single script, along with a powerful "Master Candle" that aggregates them, makes this tool unique. Most scripts provide isolated indicator signals, while this one brings together four powerful indicators and visually simplifies the analysis. The non-overlay style and color-coded candlesticks offer traders an easy-to-understand, actionable visual cue, which stands out from traditional indicator overlays.
🚀 Conclusion:
This script is a comprehensive, multi-indicator trading tool suitable for traders looking for reliable trend-following and reversal detection. Its ability to provide an aggregated "Master Candle" signal reduces noise and aids in better decision-making. Customization options allow users to tailor it to their trading style, while its clear visualizations provide an excellent user experience.
Fibonacci & Bollinger Bands StrategyThis strategy combines Bollinger Bands and Fibonacci retracement/extension levels to identify potential entry and exit points in the market. Here’s a breakdown of each component and how the strategy works:
1. Bollinger Bands:
Bollinger Bands consist of a simple moving average (SMA) and two standard deviations (upper and lower bands) plotted above and below the SMA. The bands expand and contract based on market volatility.
Purpose in Strategy:
The lower band represents an area where the market might be oversold.
The upper band represents an area where the market might be overbought.
The price crossing these bands suggests overextended market conditions, which can be used to identify potential reversals.
2. Fibonacci Retracement and Extension Levels:
Fibonacci retracement levels are horizontal lines that indicate where price might find support or resistance as it retraces some of its previous movement. Common retracement levels are 61.8% and 78.6%.
Fibonacci extension levels are used to project areas where the price might extend after completing a retracement. These levels can help determine potential targets after a significant price movement.
Purpose in Strategy:
The strategy calculates the most recent swing high (fibHigh) and swing low (fibLow) over a lookback period. It then plots Fibonacci retracement and extension levels based on this range.
The Fibonacci levels are used as key support and resistance areas. The price approaching or touching these levels signals potential turning points in the market.
3. Entry Criteria:
A long position (buy) is triggered when:
The price crosses below the lower Bollinger Band, indicating an oversold condition.
The price is near or above a Fibonacci extension level (calculated based on the most recent price swing).
This suggests that the price is potentially reaching a strong support area, where a reversal is likely.
4. Exit Criteria:
The long position is closed (exit trade) when either:
The price touches or crosses the upper Bollinger Band, signaling an overbought condition.
The price reaches a Fibonacci retracement level or exceeds the recent swing high (fibHigh), indicating a potential exhaustion point or a reversal area.
5. General Strategy Logic:
The strategy takes advantage of market volatility (captured by the Bollinger Bands) and key support/resistance levels (determined by Fibonacci retracement and extension levels).
By combining these two techniques, the strategy identifies potential entry points at oversold levels with the expectation that the market will retrace or reverse upward, especially when near key Fibonacci extension levels.
Exit points are identified by potential overbought levels (Bollinger upper band) or key Fibonacci retracement levels, where the price might reverse downward.
6. Conditions to Execute the Strategy:
The Fibonacci levels are only calculated once the price has made a significant movement, establishing a recent high and low over a 50-bar period (which you can adjust). This ensures the Fibonacci levels are based on meaningful swings.
The entry and exit signals are filtered using both Bollinger Bands and Fibonacci levels to ensure that trades are not taken solely based on one indicator, thus reducing false signals.
Key Features of the Strategy:
Trend-following with reversal: It tries to catch reversals when the price hits extreme levels (Bollinger Bands) while respecting important Fibonacci levels.
Dynamic market adaptation: The strategy adapts to market conditions as it recalculates Fibonacci levels based on recent price swings and adjusts the Bollinger Bands for market volatility.
Confirmation through multiple indicators: It uses both the volatility-based signals from Bollinger Bands and the price structure from Fibonacci levels to confirm trade entries and exits.
Summary of the Strategy:
The strategy looks to buy low and sell high based on oversold/overbought signals from Bollinger Bands and Fibonacci levels that indicate key support and resistance zones.
By combining these two technical indicators, the strategy aims to reduce risk and increase accuracy by only entering trades when both indicators suggest favorable conditions.
DF: Horizontal Levels and Colors for NYSE TICK Chart
DF: Horizontal Levels and Colors for NYSE TICK Chart
This is intended to be added very specifically to your NYSE TICK chart.
This script creates a custom indicator designed to enhance the visual analysis
of market breadth through the NYSE TICK data. It features:
1. **Horizontal Levels**:
- **1300 and -1300**: Gray lines indicating extreme bullish and bearish conditions.
- **1000 and -1000**: Light red and green lines representing significant support and resistance zones.
- **850 and -850**: Customizable blue lines that can be adjusted according to user preferences.
**Zero Line**: A solid white line marking the neutral point, drawn prominently for quick reference.
2. **Color Fills**:
- Red fill between 1000 and 1300 to highlight extreme bullish sentiment.
- Green fill between -1000 and -1300 to signify extreme bearish sentiment.
3. **Exponential Moving Average (EMA)**:
- Calculated based on user-defined length (default set to 8).
- The EMA line's color dynamically adjusts based on its slope:
- White when trending upwards.
- Magenta when trending downwards, providing quick visual cues of market momentum.
Overall, this script serves as a powerful tool for traders seeking to visualize market trends, support and resistance levels, and market breadth through the NYSE TICK data, enhancing their decision-making process in trading.
Performance IndicatorPerformance Indicator
This TradingView indicator calculates and displays the performance of a selected price type over a specified timeframe. It also provides the option to display an additional price type with a customizable line color.
Features:
Timeframe Selection: Choose the timeframe for performance calculation (e.g., 3-Month, 1-Year).
Price Type Selection: Select the price type for performance calculation (Open, High, Low, Close).
Customizable Colors: Set colors for the box, text, and lines.
Box Positioning: Choose the position of the information box on the chart.
Additional Price Type: Display an additional price type with a separate customizable line color.
Inputs:
Timeframe: Select the timeframe for performance calculation.
Price Type: Choose the price type (Open, High, Low, Close) for performance calculation.
Box Color: Set the color of the information box.
Text Color: Set the color of the text inside the box.
Line Color: Set the color of the main performance line.
Line Width: Set the width of the main performance line.
Box Position: Choose the position of the information box (Top Right, Top Left, Bottom Right, Bottom Left).
Additional Price Type: Select an additional price type to display (Open, High, Low, Close).
Additional Line Color: Set the color of the additional price line.
How to Use:
Add the Indicator: Add the indicator to your TradingView chart.
Configure Inputs: Use the input options to configure the timeframe, price types, colors, and box position according to your preferences.
View Performance: The indicator will display the performance of the selected price type over the chosen timeframe in the information box.
Additional Price: The additional price type will also be displayed in the information box with a separate line on the chart.
Example:
If you select a 3-Month timeframe and choose “Close” as the price type, the indicator will calculate the performance of the closing price over the last 3 months. It will also display an additional price type (e.g., “Low”) with a separate line on the chart.
TASC 2024.11 Ultimate Strength Index█ OVERVIEW
This script implements the Ultimate Strength Index (USI) indicator, introduced by John Ehlers in his article titled "Ultimate Strength Index (USI)" from the November 2024 edition of TASC's Traders' Tips . The USI is a modified version of Wilder's original Relative Strength Index (RSI) that incorporates Ehlers' UltimateSmoother lowpass filter to produce an output with significantly reduced lag.
█ CONCEPTS
Many technical indicators, including the RSI, lag due to their heavy reliance on historical data. John Ehlers reformulated the RSI to substantially reduce lag by applying his UltimateSmoother filter to upward movements ( strength up - SU ) and downward movements ( strength down - SD ) in the time series, replacing the standard process of smoothing changes with rolling moving averages (RMAs). Ehlers' recent works, covered in our recent script publications, have shown that the UltimateSmoother is an effective alternative to other classic averages, offering notably less lag in its response.
Ehlers also modified the RSI formula to produce an index that ranges from -1 to +1 instead of 0 to 100. As a result, the USI indicates bullish conditions when its value moves above 0 and bearish conditions when it falls below 0.
The USI retains many of the strengths of the traditional RSI while offering the advantage of reduced lag. It generally uses a larger lookback window than the conventional RSI to achieve similar behavior, making it suitable for trend trading with longer data lengths. When applied with shorter lengths, the USI's peaks and valleys tend to align closely with significant turning points in the time series, making it a potentially helpful tool for timing swing trades.
█ CALCULATIONS
The first step in the USI's calculation is determining each bar's strength up (SU) and strength down (SD) values. If the current bar's close exceeds the previous bar's, the calculation assigns the difference to SU. Otherwise, SU is zero. Likewise, if the current bar's close is below the previous bar's, it assigns the difference to SD. Otherwise, SD is zero.
Next, instead of the RSI's typical smoothing process, the USI's calculation applies the UltimateSmoother to the short-term average SU and SD values, reducing high-frequency chop in the series with low lag.
Finally, this formula determines the USI value:
USI = ( Ult (SU) − Ult (SD)) / ( Ult (SU) + Ult (SD)),
where Ult (SU) and Ult (SD) are the smoothed average strength up and strength down values.
Chartonaut: GlimpseDisplays an overview of some key metrics as a table.
Market Cap : value of the company.
Float Shares : number of shares available for trading.
AR# : average range over the last # sessions.
ATR# : average true range over the last # sessions.
ATR#/MA# : distance of the current price from the given moving average (MA) in terms of ATR multiples.
Rel Volatility : current session's range, including gaps from previous close, relative to the ATR.
Additionally, it highlights some metrics if they are crossing a given threshold, as to warn that some criteria might not be met.
3CRGANG - HISTOGRAMThe 3CRGANG - HISTOGRAM is a breakthrough tool, developed to consolidate multiple oscillators, including their Fibonacci-modified versions, into a single, streamlined indicator. This isn’t just a combination of tools—i t’s a carefully engineered solution built to address the nuanced challenges traders face, such as market noise, varying data availability, and trend alignment across multiple timeframes.
Behind the scenes, significant debugging ensures it performs flawlessly even in situations where volume data isn’t provided by brokers. With automatic adjustments that adapt to different conditions, the indicator allows traders to remain focused on decision-making. Every enhancement, from signal optimization to noise reduction, reflects careful design choices to provide practical, actionable insights.
This tool is designed to give traders clarity, speed, and an edge, enabling them to focus on the markets without worrying about technical details.
How It’s Different from Basic Indicators
Rather than simply mashing up popular indicators like MACD, RSI, and more , —it’s a strategic tool designed to detect key momentum shifts, divergences, and trends in real time.
This script combines Fibonacci-modified oscillators and classic indicators in a unique way, providing multi-dimensional insights to enhance your trading decisions.
Reduce market noise: Fast and slow averages are used to generate histograms that filter out false signals.
Optimize alerts: Fibonacci-based calculations fine-tune oscillators to detect trends at key turning points.
Multi-timeframe momentum: This allows for tracking higher timeframe momentum while making decisions on lower timeframes—a powerful feature for trend alignment.
Key Features and Unique Value
Oscillator Flexibility: Choose from multiple oscillators to fit your strategy, including both momentum-based and volatility-based approaches.
Fibonacci Enhancements: These versions increase precision, providing greater confidence in signals at critical levels.
MTF Compatibility: Analyze higher timeframe momentum on shorter charts to maintain alignment with the broader trend.
Custom Alerts: Color-coded histograms and moving averages provide visual cues to keep your trades in sync with momentum changes.
How It Works
The indicator plots fast and slow averages for the selected oscillator, and the difference between these averages forms the histogram. Custom color coding shows whether momentum is increasing or weakening. The proprietary modification factor adjusts the signal sensitivity, allowing traders to fine-tune the indicator for their strategy.
Visual Alerts:
Green Bars: Indicate bullish momentum.
Red Bars: Suggest bearish momentum.
Buy Only / Sell Only Zones: Alert traders when the indicator suggests favoring either long or short trades.
This indicator minimizes false signals by blending momentum oscillators with volume-weighted filters and smooth moving averages, ensuring better signal quality.
Use Case: Like a Traffic Light for Your Trades
Green means Go: Enter or hold long positions during green bars, signaling upward momentum.
Red means Stop (or Go Short): Exit long positions or enter short trades when red bars appear, indicating bearish momentum.
The Buy Only and Sell Only alerts help traders stay aligned with dominant trends and avoid counter-trend trades in high-momentum phases.
Real-World Examples :
Divergences (BTCUSD):
When the price action ranges, wedges, or behaves unusually, the histogram—being highly sensitive — alerts traders ahead of potential reversals or continuation moves.
This gives traders more time to assess market conditions and prepare their strategy before momentum shifts.
Multi-Timeframe Momentum (ADAUSD):
Momentum from a higher timeframe aligns with the trend on a lower timeframe, helping traders time their entries accurately.
The Priceless Edge for Traders
The 3CRGANG offers more than just another way to analyze markets—it provides a priceless edge by streamlining multiple indicators into a single tool. With the flexibility to switch between oscillators, multi-timeframe momentum tracking, and proprietary enhancements, it’s designed to help traders stay ahead in both trending and volatile markets.
Disclaimer
This indicator is a trading tool designed to provide insights into market trends, but it does not guarantee results. Trading involves risk, and past performance does not predict future outcomes. Use it alongside proper risk management practices.
LE AcademyLE Academy
This script is designed to analyze and visualize key price levels based on the first 5-minute candle of a new trading session, starting at a customizable time (default: 09:15). The script identifies the high and low of the first candle and calculates four key target levels based on the range (height) of that candle:
1. **T1**: 50% extension above the high of the first candle.
2. **T2**: 200% extension above the high of the first candle.
3. **T3**: 50% extension below the low of the first candle.
4. **T4**: 200% extension below the low of the first candle.
### Key Features:
- **Session Start Time**: The session is triggered at 09:15 (or any custom time) and calculates key levels based on the first candle's high and low.
- **Price Levels**: The script automatically draws horizontal lines for the first candle's high, low, and the four calculated target levels (T1, T2, T3, T4) to guide intraday trading decisions.
- **Dynamic Updates**: These lines extend and update with each new bar, helping traders track how price interacts with these key levels throughout the session.
This tool is ideal for day traders and scalpers who focus on early session price action and want to track breakout levels and potential targets based on the initial price movement of the day.
**Usage**:
1. Add the script to your chart.
2. The first candle of the session is captured at 09:15, but this can be adjusted for different markets or strategies.
3. Watch how price reacts around the high, low, and the calculated target levels (T1 to T4) for potential entry or exit points.
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This script is perfect for traders looking to analyze the initial momentum of the market and make informed decisions based on key price levels generated from the first minute of trading.
Thanks
RupaliStocksThe RupaliStocks indicator is a comprehensive tool for technical analysis, designed to combine key trading signals, moving averages, volume analysis, and price action. It provides valuable insights into market trends, momentum, and potential entry/exit points. The script incorporates ATR trailing stops, EMA crossovers, volume signals, and pivot levels for well-rounded market analysis.
Key Features:
ATR Trailing Stop:
Uses the Average True Range (ATR) to set trailing stops for positions, helping traders identify potential reversal points or trailing stop losses.
The trailing stop is calculated with a configurable period (default 20) and a multiplier (default 4.5).
Buy/Sell Signals:
Buy and Sell signals are generated based on price crossing above or below the trailing stop level, making it easier to follow trends.
These signals are displayed with triangle shapes on the chart, marking potential trade entry or exit points.
Exponential Moving Averages (EMA):
Plots different EMAs across multiple time frames to identify trend direction.
Includes 9 EMA, 15 EMA, 72 EMA, and 89 EMA, allowing traders to spot short-term and long-term trends.
Crossover signals are used to define trend shifts, with colored backgrounds indicating bullish or bearish conditions.
VWAP (Volume Weighted Average Price):
The script plots the VWAP, which helps traders assess the average price weighted by volume.
It is particularly useful for determining the market's overall trend or fair value price.
Unusual Volume Detection:
Identifies unusual trading volume spikes that may indicate significant price movements or market sentiment changes.
Unusual volume up or down is detected when the volume is 1.2 times higher than the 20-period SMA of the volume.
Pivot Points:
The script calculates Pivot, Top Central (TC), and Bottom Central (BC) levels based on daily high, low, and close prices.
These pivot levels are essential for identifying potential support and resistance areas.
Daily Open, Previous Day High/Low/Close:
Tracks and plots the daily open price, as well as the previous day’s high, low, and close prices.
These levels are displayed as circles on the chart, helping traders visualize key levels from previous sessions.
Customizable MA Lengths:
Provides options to plot various simple moving averages (SMA) with customizable lengths (21, 50, 100, 200) for short, medium, and long-term trends.
EMA Pipeline:
Displays a combination of high and low EMAs (default period 90) to give a smoothed view of price movements, further helping traders understand market flow.
Candle Color Customization:
Changes the color of candles based on their relationship to the EMA (72 or 89). Green indicates bullish sentiment, red for bearish, and yellow for indecision.
Additional Features:
Multi-timeframe support: The script allows pulling data from different timeframes (1 minute, 3 minute, etc.), making it versatile for intraday and longer-term traders.
EMA Cross Highlighting: Highlights key EMA crossovers with colored areas to indicate bullish (green) or bearish (red) momentum.
Background Color Shading: Provides visual cues for price movements relative to EMA, enhancing the readability of trends.
This indicator is particularly useful for trend-following strategies, breakout trading, and volume-based decision-making.
Suggested Uses:
Trend Following: Use EMA crossovers and ATR trailing stops to ride trends and manage risk with stop-loss levels.
Volume Analysis: Identify market sentiment shifts using unusual volume spikes.
Pivot Points: Determine intraday support and resistance using calculated pivot levels.
VWAP Trading: Trade around the VWAP to find fair value entry or exit points.
Gauss KenJi Robot
Gauss KenJi Trading Robot: Precision and Automation for Traders
The Gauss KenJi robot is a cutting-edge trading solution designed for experienced traders seeking to enhance their decision-making through advanced statistical models and automation. Unlike traditional trading tools that rely on generic indicators prone to false signals, the Gauss KenJi robot offers an innovative approach by utilizing two unique indicators: the Kenji Indicator v.2.0 and the Gauss Indicator .
Kenji Indicator v.2.0
Traditional moving averages and related indicators often fail in flat market conditions, where frequent crossovers lead to confusing signals and false trends. The Kenji Indicator addresses this issue by using a combination of correlation analysis and moving averages to more accurately identify the market’s state. This real-time insight allows for better navigation of local trends, reducing noise and increasing the precision of trade signals.
Gauss Indicator
The Gauss Indicator brings the power of statistical analysis into trading by applying the 3 sigmas rule. It calculates and predicts the likely price ranges for specific time frames (hourly, daily, weekly) with probabilities of 68%, 95%, and 99%. This offers traders an actionable framework for setting stop-loss, take-profit, and identifying key support and resistance levels. By providing a clearer view of potential price movements, the Gauss Indicator improves decision-making, ensuring that traders enter and exit the market at optimal points.
Gauss KenJi Robot: How it Works
The Gauss KenJi robot operates on a statistical algorithm based on the Gaussian function, which uses market volatility as a core indicator of price movements. The robot opens positions in the direction of the trend when the price reaches the predetermined Gauss border. Position sizes are calculated according to the “Initial_lot” parameter, with stop-loss and take-profit levels defined by the “Pips” parameter. Trades are automatically closed either when profit targets or stop-loss limits are reached, or if local trend reversals are detected by the Kenji Indicator.
This highly adaptable algorithm can be applied to any asset class (stocks, forex, crypto, commodities) and any time frame, providing traders with a versatile tool to navigate various markets.
Why Gauss KenJi is Essential for Traders
1. Time Efficiency: The robot operates autonomously, allowing traders to step away from constant chart monitoring while still capitalizing on market movements.
2. Profit Maximization: By leveraging machine learning and advanced statistical models, the robot identifies opportunities faster than human traders, ensuring more profitable trades.
3. Risk Management: The robot strictly adheres to predefined rules, helping traders minimize losses and protect their capital in volatile market conditions.
4. Cross-market Versatility: Whether you’re trading forex, stocks, crypto, or commodities, Gauss KenJi adapts to different markets and time frames, making it a versatile tool for professional traders.
The Gauss KenJi robot is a comprehensive, scientifically driven trading solution designed to eliminate common pitfalls associated with traditional indicators. Its combination of the Kenji Indicator’s trend identification and the Gauss Indicator’s price prediction capabilities makes it an indispensable tool for traders looking to enhance both the precision of their trades and the automation of their strategies. Whether you are aiming for consistent daily profits or optimizing long-term trading strategies, Gauss KenJi offers the efficiency and accuracy required to stay ahead in today’s competitive markets.
AOC Support & Resistance V1he AOC V1 indicator is designed to plot up to six customizable horizontal price levels on a chart with display options and label customization. This indicator is helpful for marking support (S1, S2, S3) and resistance (R1, R2, R3) levels, often used by traders to analyze market behavior.
Key Features:
Price Level Inputs: Six price levels (R1, S1, R2, S2, R3, S3) can be manually set. These levels are typically used as support and resistance levels.
Display On/Off Toggle: Each price level has an option to be toggled on or off, allowing the user to display only the relevant levels.
Custom Line Style: Users can adjust the color, width, and style (solid, dotted, or dashed) for each line to enhance the chart’s clarity and fit the user's preferences.
Label at Start of the Day: Each price level has a label that shows the price and is placed at the start of the trading day. This helps traders easily identify and track key price levels throughout the session.
Session Control: You can choose to draw the lines either for the entire chart or just for the current day’s trading session. This flexibility allows traders to focus on real-time price movements or broader trends.
Auto-Update: The lines are automatically updated as new bars are formed, ensuring that they stay anchored to the specified price levels.
Inputs:
R1, S1, R2, S2, R3, S3: The specific price levels for the resistance and support levels.
Line Color: Users can customize the line color for each level (Red for resistance levels and Green for support levels by default).
Line Width: The width of the horizontal lines, which can be adjusted from 1 to 5 pixels.
Line Style: The line style can be set to solid, dotted, or dashed, depending on user preference.
Display On/Off: Each level can be individually displayed or hidden by toggling the display option.
This indicator is highly customizable and designed to provide traders with easy-to-interpret visual cues for key price levels in the market.
Premium Signals [BRTLab]Overview
BRTLab Premium Signals is a versatile and comprehensive tool designed for trading across various assets and timeframes, including cryptocurrencies, stocks, and forex. One of its standout features is a dynamic dashboard that provides real-time signal updates from the selected timeframes in the settings. The dashboard displays only relevant signals from the chosen timeframes, ensuring that traders have the most accurate and timely information without clutter. If a lower timeframe is selected in the settings but is smaller than the current chart timeframe, signals from those lower timeframes will be ignored, maintaining focus on higher-priority data.
The indicator is especially useful for traders who work with moving averages (MA), pivot points (PP), and other strategies, offering high-precision signals that simplify decision-making. Based on practical experience, stop-losses are often placed near structural highs/lows, while take-profits can be set for short-term gains (1-1.3%). However, additional tools within the indicator allow traders to capture larger moves when possible. MA signals help traders ride long-term trends, while ADX and candlestick signals are ideal for shorter, faster trades. Notably, ADX signals from the daily timeframe often point to significant market moves.
💡Features
Comprehensive Dashboard with Signal Integration:
The dashboard is the central feature of this indicator, displaying key signals from various timeframes that the user selects. All signals are integrated into the dashboard, enabling traders to perform a comprehensive analysis based on multiple technical analysis aspects. This consolidated view of market conditions helps traders quickly assess trading opportunities across various indicators. By filtering and displaying only the most relevant signals based on timeframe settings, the dashboard acts as a strategic decision-making tool that simplifies trade monitoring and execution.
Customizable Signal Selection:
Traders can select specific signals to display on the dashboard, allowing for complete customization based on individual trading strategies. This flexibility helps filter out unnecessary market noise, keeping the focus on the signals most aligned with the trader's goals and market conditions.
Signal Logic Overview:
ADX
The ADX-based signals reflect the strength of market trends. Bullish or bearish signals are generated when directional indicators (+DI or -DI) show increasing strength relative to one another, indicating the start or continuation of a strong trend.
RSX
These signals focus on divergences within RSI, identifying potential reversals by detecting either classic or hidden divergences when the market is overbought or oversold.
V9
Signals are generated when the price interacts with a dynamic threshold, indicating trend continuation or reversal. Additional filters can be applied to refine these signals further, enhancing the dashboard's overall effectiveness.
CAND
Candlestick-based signals are triggered by key patterns such as bullish or bearish engulfing formations. These signals are cross-checked with other conditions, such as RSI levels and candle stability, making them especially useful for short-term trading.
PP (Pivot Points)
Pivot Point signals reinforce candlestick patterns by aligning with key support or resistance levels, suggesting potential reversals or continuation opportunities at significant price points.
MA (Moving Average)
MA signals help identify trends by analyzing price action relative to a moving average. Optional filters like ADX add an additional layer of validation, ensuring only high-confidence signals are displayed on the dashboard.
LVL (Levels)
These signals are based on shifts in RSI and help traders spot potential breakouts or reversals. The dashboard integrates these signals alongside MA and ADX filters to enhance their accuracy.
⚠️ RISK DISCLAIMER
Trading involves significant risk, and most day traders experience losses. All content, tools, scripts, articles, and educational materials provided by BRTLab are solely for informational and educational purposes. Past performance does not guarantee future results.
⚡Conclusion
This indicator, with its highly customizable dashboard and advanced signal logic, offers a powerful all-in-one solution for traders across different markets and timeframes. The integration of multiple signal types into the dashboard allows traders to make well-informed decisions with minimal effort, enhancing both precision and confidence in trade execution. Its flexibility and ease of use make it an essential tool for traders looking to streamline their analysis and improve their trading outcomes.
Delayed Opening Price Line with GuardrailsThis Delayed Opening Price Line with Guardrails indicator will draw 5 price level lines on the chart each day, beginning at the open of the first candle after a delay period specified by the user in the indicator settings. The default delay is 30 minutes from market open.
The lines are drawn at the open price of the first candle after the delay period, and then a specified increment above and below that price level. These increments default to 80 and 100, and can be adjusted in the indicator settings.
Most markets, indices, and equities have a finite and consistent range of price movement within a trading day. Eg. a particular stock may usually move no more that $50 up or down in a given day, which can be proven by looking at a historical chart. This indicator allows the user to quickly display that range on the chart once it's been defined.
Important note: This indicator is designed to be used on an intra-day chart - eg. minutes, or hourly. It will give an error if used on a longer time-frame chart.
Triple VWAP# Triple VWAP Indicator
## Description
The Triple VWAP Indicator is a powerful tool for traders who rely on Volume Weighted Average Price (VWAP) in their analysis. This indicator displays three VWAP lines on a single chart, each representing a different time frame: Session, Weekly, and Monthly.
## Features
- Session VWAP (Blue Line): Resets daily, providing intraday volume-weighted average price.
- Weekly VWAP (Green Line): Resets weekly, offering a medium-term perspective.
- Monthly VWAP (Red Line): Resets monthly, giving a longer-term view of price action relative to volume.
## How It Works
The indicator calculates the VWAP for each time frame separately, using the specified price source (default is HLC3). It then plots these values on your chart, allowing you to see how the current price compares to the volume-weighted average across different time periods.
## Use Cases
- Multi-timeframe Analysis: Compare short-term price movements against longer-term trends.
- Support and Resistance: VWAP lines often act as dynamic support/resistance levels.
- Mean Reversion: Identify potential overbought or oversold conditions when price deviates significantly from VWAP.
- Trend Confirmation: Use multiple VWAP lines to confirm trend strength and potential reversals.
## Customization
Users can customize the indicator by changing the price source and offset in the settings. The color and thickness of each VWAP line can also be adjusted in the code for personal preference.
## Note
This indicator is most effective on intraday charts but can provide valuable insights on any time frame. Remember that VWAP is typically most relevant for institutional traders on a session-by-session basis.
Enhance your trading strategy with the Triple VWAP Indicator – a versatile tool for comprehensive price-volume analysis across multiple time frames.
Gauss IndicatorGauss Indicator
Class : oscillator
Trading type : any
Time frame : any
Purpose : reversal trading
Level of aggressiveness : any
About Gauss Indicator
Time series forecasting is quite a scientific task, for which specific econometrical models and methods have been developed.
Who is Gauss and Why his Curve is So Important
Johann Gauss was one of the best mathematicians of all times and he gave us a very specific curve (Gaussian Curve) to explain specifics of random variable behavior (so called Normal Distribution)
Gaussian curve has quite interesting property usually called “3 Sigmas Rule”: in a normal distribution: 68%, 95%, and 99.7% of the values lie within one, two, and three standard deviations of the mean, respectively.
But Does It Work in the Financial Markets?
Normal Distribution is extremely typical for price behavior in financial markets: FOREX, stock Market, Commodities, Cryptocurrency market.
How can we forecast future prices based on “3 Sigmas Rule”?
If we know past prices (we actually know), we can calculate Mean and Standard Deviation.
After that following “3 Sigmas Rules” we can calculate the fluctuations range for the present day with a known probability (!).
• If we add 1 sigma to mean we can get the price value that wouldn’t be exceeded with a probability of 68%.
• If we add 2 sigmas to mean we can get the price value that wouldn’t be exceeded with a probability of 95%.
• If we add 3 sigmas to mean we can get the price value that wouldn’t be exceeded with a probability of 99%.
How Can I Get This Information?
Gauss indicator is a practical implementation of “3 sigmas rule” in trading.
Gauss allows to predict the ranges of price fluctuations for the selected time frames (week, day, hour, etc) with certain probabilities: 68%, 95% and 99%.
Gauss can be used to generate Trading signals, Stop-loss parameters, Take-profit parameters, Synthetic Levels (both Support and Resistance).
Actually, ALL information you need to trade.
Structure of the Gauss Indicator
1. Three blue lines – synthetic support lines. They describe 3 different buy zones with certain probabilities of success:
- First blue line (Buy zone #1) - the price today will not fall below this mark with a probability of 68%;
- Second blue line (Buy zone #2) - the price today will not fall below this mark with a probability of 95%;
- Third blue line (Buy zone #3) - the price today will not fall below this mark with a probability of 99%.
2. Three red lines – synthetic resistance lines. They describe 3 different sell zones with certain probabilities of success:
- First red line (Sell zone #1) - the price today will not rise above this mark with a probability of 68%;
- Second red line (Sell zone #2) - the price today will not rise above this mark with a probability of 95%;
- Third red line (Sell zone #3) - the price today will not rise above this mark with a probability of 99%.
3. Green line – shows current price. When it gets close to the red/blue line sell/buy signals are generated.
Trading rules
General rules are as follows: buy at the blue lines, sell at the red lines.
Take-profits for sells are set at the nearest blue line, for buys – at the nearest red line. Stop-losses for sells are set above the last red line, for buys – below the last blue line.
Candle Range Theory | Flux Charts💎 GENERAL OVERVIEW
Introducing our new Candle Range Theory Indicator! This powerful tool offers a strategy built around the Candle Range Theory, which analyzes market movements through the relative size and structure of price candles. For more information about the process, check the "HOW DOES IT WORK" section.
Features of the new Candle Range Theory Indicator :
Implementation of the Candle Range Theory
FVG & Order Block Entry Methods
2 Different TP / SL Methods
Customizable Execution Settings
Customizable Backtesting Dashboard
Alerts for Buy, Sell, TP & SL Signals
📌 HOW DOES IT WORK ?
The Candle Range Theory (CRT) indicator operates by identifying significant price movements through the relative size and structure of candlesticks. A key part of the strategy is determining large candles based on their range compared to the Average True Range (ATR) in a higher timeframe. Once identified, a breakout of either the high wick or the low wick of the large candle is required. This breakout is considered a liquidity grab. After that, the indicator waits for confirmation through Fair Value Gaps (FVGs) or Order Blocks (OBs). The confirmation structure must be the opposite direction of the breakout, for example if the high wick is broken, a bearish FVG is required for the short entry. After a confirmation signal is received, the indicator will trigger entry points based on your chosen entry method (FVG or OB), and exit points will be calculated using either a dynamic ATR-based TP/SL method or fixed percentages. Alerts for Buy, Sell, Take-Proft, and Stop-Loss are available.
🚩 UNIQUENESS
This indicator stands out because it combines two highly effective entry methods: Fair Value Gaps (FVGs) and Order Blocks (OBs). You can choose between these strategies depending on market conditions. Additionally, the dynamic TP/SL system uses the ticker's volatility to automatically calculate stop-loss and take-profit targets. The backtesting dashboard provides metrics about the performance of the indicator. You can use it to tune the settings for best use in the current tiker. The Candle Range Theory approach offers more flexibility compared to traditional indicators, allowing for better customization and control based on your risk tolerance.
⚙️ SETTINGS
1. General Configuration
Higher Timeframe: Customize the higher timeframe for analysis. Recommended combinations include M15 -> H4, H4 -> Daily, Daily -> Weekly, and Weekly -> Monthly.
HTF Candle Size: Define the size of the higher timeframe candles as Big, Normal, or Small to filter valid setups based on their range relative to ATR.
Entry Mode: Choose between FVGs and Order Blocks for your entry triggers.
Require Retracement: Enable this option if you want a retracement to the FVG or OB for entry confirmation.
Show HTF Candle Lines: Toggle to display the higher timeframe candle lines for better visual clarity.
2. Fair Value Gaps
FVG Sensitivity: You may select between Low, Normal, High or Extreme FVG detection sensitivity. This will essentially determine the size of the spotted FVGs, with lower sensitivities resulting in spotting bigger FVGs, and higher sensitivities resulting in spotting all sizes of FVGs.
3. Order Blocks
Swing Length: Swing length is used when finding order block formations. Smaller values will result in finding smaller order blocks.
4. TP / SL
TP / SL Method:
a) Dynamic: The TP / SL zones will be auto-determined by the algorithm based on the Average True Range (ATR) of the current ticker.
b) Fixed : You can adjust the exact TP / SL ratios from the settings below.
Dynamic Risk: The risk you're willing to take if "Dynamic" TP / SL Method is selected. Higher risk usually means a better winrate at the cost of losing more if the strategy fails. This setting is has a crucial effect on the performance of the indicator, as different tickers may have different volatility so the indicator may have increased performance when this setting is correctly adjusted.
Manoj Personal EMA 5-203 EMA Trading Strategy Script Overview:
EMAs Used:
5 EMA: Short-term moving average.
20 EMA: Medium-term moving average.
564 EMA: Long-term moving average to identify overall trend direction.
Entry Signals:
Strong Buy: Triggered when:
Price is above the 564 EMA (uptrend).
The 5 EMA crosses above the 20 EMA (bullish crossover).
The current candle is green (close > open).
Strong Sell: Triggered when:
Price is below the 564 EMA (downtrend).
The 5 EMA crosses below the 20 EMA (bearish crossover).
The current candle is red (close < open).
Exit Signal:
Position is closed when the price touches back to the 564 EMA (either side, up or down):
A "Close Position" label is shown in green for long trades.
A "Close Position" label is shown in red for short trades.
Risk Management:
Stop-Loss: Placed at the last swing low (for longs) or last swing high (for shorts), calculated over the last 10 bars.
Take-Profit: A 1:3 risk/reward ratio is used, where the potential reward is three times the risk.
Alerts:
Alerts are triggered for buy and sell signals.
Alerts are also triggered when the exit condition (price touching the 564 EMA) is met.
This script is designed to work on timeframes of 15 minutes or higher but can also be used for 5-minute scalping. It plots the EMAs on the chart, highlights buy/sell opportunities, shows stop-loss and take-profit levels, and generates alerts for key signals.
