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Enhanced Pressure MTF ScreenerEnhanced Pressure Multi-Timeframe (MTF) Screener Indicator Overview The Enhanced Pressure MTF Screener is an add-on that extends the capabilities of the Enhanced Buy/Sell Pressure, Volume, and Trend Bar Analysis . It provides a clear and consolidated view of buy/sell pressure across multiple timeframes. This indicator allows traders to determine when different timeframes are synchronized in the same trend direction, which is particularly useful for making high-confidence trading decisions. Image below: is the Enhanced Buy/Sell Pressure, Volume, and Trend Bar Analysis with the Enhanced Pressure MTF Screener indicator both active together. Key Features 1.Multi-Timeframe Analysis The indicator screens various predefined timeframes (from 1 week down to 10 minutes). It offers a table view that shows buy or sell ratings for each timeframe, making it easy to see which timeframes are aligned. Traders can choose which timeframes to include based on their trading strategies (e.g., higher timeframes for position trading, lower timeframes for scalping). 2.Pressure and Trend Calculation Uses Buy and Sell Pressure calculations from the Enhanced Buy/Sell Pressure indicator to determine whether buying or selling is dominant in each timeframe. By analyzing pressures on multiple timeframes, the indicator gives a comprehensive perspective of the current market sentiment. The indicator calculates whether a move is strong based on user-defined thresholds, which are displayed in the form of additional signals. 3.Heikin Ashi Option The Heikin Ashi candle type can be toggled on or off. Using Heikin Ashi helps smooth out market noise and provides a clearer indication of trend direction. This is particularly helpful for traders who want to filter out market noise and focus on the primary trend. 4.Table Customization Table Positioning: The table showing timeframe data can be positioned at different locations on the chart—top, middle, or bottom. Text and Alignment: The alignment and text size of the table can be customized for better visual clarity. Color Settings: Users can choose specific colors to indicate buying and selling pressure across timeframes, making it easy to interpret. 5.Strong Movement Indicators The screener provides an additional visual cue (🔥) for timeframes where the movement is deemed strong, based on a user-defined threshold. This helps highlight timeframes where significant buying or selling pressure is present, which could signal potential trading opportunities. How the Screener Works 1.Pressure Calculation For each selected timeframe, the indicator retrieves the Open, High, Low, and Close (OHLC) values. It calculates buy pressure (the range between high and low when the closing price is higher than the opening) and sell pressure (the range between high and low when the closing price is equal to or lower than the opening). The screener computes the pressure ratio, which represents the difference between buying and selling pressure, to determine which side is dominant. 2.Trend Rating and Signal Generation Based on the calculated pressure, the screener determines a trend rating for each timeframe: "Buy," "Sell," or "Neutral." (▲ ,▼ or •) Additionally, it generates a signal (▲ or ▼) to indicate the current trend direction and whether the move is strong (based on the user-defined threshold). If the movement is strong, a fire icon (🔥) is added to indicate that there is significant pressure on that timeframe, signaling a higher confidence in the trend. 3.Customizable Strong Move Thresholds Strong Move Threshold: The screener uses this value to decide whether a trend is significantly strong. A higher value makes it more selective in determining strong moves. Strong Movement Threshold: Helps determine when an additional strong signal should be displayed, offering further insight into the strength of market movement. Inputs and Customization The Enhanced Pressure MTF Screener is highly customizable to fit the needs of individual traders: General Settings: Use Heikin Ashi: Toggle this setting to use Heikin Ashi for a smoother trend representation. Strong Move Threshold: Defines how strong a move should be to be considered significant. Strong Movement Threshold: Specifies the level of pressure required to highlight a move with the fire icon. Table Settings: Position: Choose the vertical position of the screener table (top, middle, or bottom of the chart). Alignment: Align the table (left, center, or right) to best suit your chart layout. Text Size: Adjust the text size in the table for better readability. Table Color Settings: Users can set different colors to represent buying and selling signals for better visual clarity, particularly when scanning multiple timeframes. Timeframe Settings: The screener provides options to include up to ten different timeframes. Traders can select and customize each timeframe to match their strategy. Examples of available timeframes include 1 Week, 1 Day, 12 Hours, down to 10 Minutes, allowing for both broad and detailed analysis. Practical Use Case Identifying Trend Alignment Across Timeframes: Imagine you are about to take a long trade but want to make sure that the trend direction is aligned across multiple timeframes. The screener displays "Buy" ratings across the 4H, 1H, 30M, and 10M timeframes, while higher timeframes (like 1W and 1D) also show "Buy" with strong signals (🔥). This indicates that buying pressure is strong across the board, adding confidence to your trade. Spotting Reversal Opportunities: If a downtrend is evident across most timeframes but suddenly a higher timeframe, such as 12H, changes to "Buy" while showing a strong move (🔥), this could indicate a potential reversal. The screener allows you to spot these discrepancies and consider taking early action. Benefits for Traders 1.Synchronization Across Timeframes: One of the main strengths of this screener is its ability to show synchronized buy/sell signals across different timeframes. This makes it easy to confirm the strength and consistency of a trend. For example, if you see that all the selected timeframes display "Buy," this implies that both short-term and long-term traders are favoring the upside, giving additional confidence to go long. 2.Quick and Visual Trend Overview: The table offers an at-a-glance summary, reducing the time required to manually inspect each timeframe. This makes it particularly useful for traders who want to make quick decisions, such as day traders or scalpers. 3.Strong Move Indicator: The use of fire icons (🔥) provides an easy way to identify significant movements. This is particularly helpful for traders looking for breakouts or strong market conditions that could lead to high probability trades. To put it short or to summarize The Enhanced Pressure MTF Screener is a powerful add-on for traders looking to understand how buy and sell pressure aligns across multiple timeframes. It offers: A clear summary of buying or selling pressure across different timeframes. Heikin Ashi smoothing, providing an option to reduce market noise. Strong movement signals to highlight significant trading opportunities. Customizable settings to fit any trading strategy or style. The screener and the main indicator are best used together, as the screener provides the multi-timeframe overview, while the main indicator provides an in-depth look at each individual bar and trend. I hope my indicator helps with your trading, if you guys have any ideas or questions there is the comment section :D
Pine Script™ indicator
by Debis03
1
Stormico Screener 40, EMA 80 (Slow Stochastic 8)This screener is a tribute to Alexandre Wolwacz, known as "Stormer," one of the most influential traders in the Brazilian financial market. Stormer is renowned for his experience and skill in technical analysis, as well as his dedication to teaching trading strategies to traders at all levels. He is particularly known for his focus on strategies with a positive risk-reward ratio and low drawdown, something he conveys to his followers with clarity and practicality. The screener presented here uses a setup frequently employed by Stormer to capture pullbacks in uptrends, focusing on strategic entries, short stops, and long targets. It utilizes an 8-period Slow Stochastic and an 80-period Exponential Moving Average (EMA) and is suitable for Day Trading, Swing Trading, and Position Trading on weekly charts. Main Elements of the Setup: 80-Period Exponential Moving Average (EMA): The 80 EMA is used as a trend filter. When the price is above it, we consider an uptrend and look for buying opportunities. When the price is below it, buy trades are avoided, prioritizing trades that follow the upward trend. Slow Stochastic Oscillator: The 8-period Slow Stochastic is used to capture entry points during pullbacks. In an uptrend, we look for moments when the oscillator reaches oversold levels (below 20), indicating a possible entry at an attractive price while remaining aligned with the main market direction. Entry and Exit Criteria: Buy: The entry occurs when the stochastic oscillator is in oversold levels and the price stays above an ascending 80 EMA with a bullish candle or inside bar, or when the stochastic turns upward. Short Stop: The stop-loss is positioned below a recent support level, limiting risk and minimizing drawdown. Long Target: Once in operation, the goal is to ride the trend with wider targets to maximize gains. The target suggested by Stormer can be set at twice the risk (2x Risk) or the previous high on the chart. Positive Risk-Reward Ratio and Low Drawdown With a short stop and a larger profit target, this setup is ideal for capturing entries with a favorable risk-reward ratio, minimizing drawdown and maximizing profit potential in trades that follow the trend. This screener applies this setup across 40 assets, identifying the best opportunities according to the "Stormer" method. It displays the 8 and 80 EMAs and can be complemented by the Stormico Screener 40, Slow Stochastic (EMA 80). The setup was also a favorite of his daughter Carol, who contributed greatly to live sessions and classes with Stormer. This screener honors both of them and Alexandre Wolwacz’s methodology, with deep respect for all he has contributed to the market and his students.
Pine Script™ indicator
by roblesdrum
Stormico Screener 40, Slow Stochastic (EMA 80)This screener is a tribute to Alexandre Wolwacz, known as "Stormer," one of the most influential traders in the Brazilian financial market. Stormer is renowned for his experience and skill in technical analysis, as well as his dedication to teaching trading strategies to traders at all levels. He is particularly known for his focus on strategies with a positive risk-reward ratio and low drawdown, something he conveys to his followers with clarity and practicality. The screener presented here uses a setup frequently employed by Stormer to capture pullbacks in uptrends, focusing on strategic entries, short stops, and long targets. It utilizes an 8-period Slow Stochastic and an 80-period Exponential Moving Average (EMA) and is suitable for Day Trading, Swing Trading, and Position Trading on weekly charts. Main Elements of the Setup: 80-Period Exponential Moving Average (EMA): The 80 EMA is used as a trend filter. When the price is above it, we consider an uptrend and look for buying opportunities. When the price is below it, buy trades are avoided, prioritizing trades that follow the upward trend. Slow Stochastic Oscillator: The 8-period Slow Stochastic is used to capture entry points during pullbacks. In an uptrend, we look for moments when the oscillator reaches oversold levels (below 20), indicating a possible entry at an attractive price while remaining aligned with the main market direction. Entry and Exit Criteria: Buy: The entry occurs when the stochastic oscillator is in oversold levels and the price stays above an ascending 80 EMA with a bullish candle or inside bar, or when the stochastic turns upward. Short Stop: The stop-loss is positioned below a recent support level, limiting risk and minimizing drawdown. Long Target: Once in operation, the goal is to ride the trend with wider targets to maximize gains. The target suggested by Stormer can be set at twice the risk (2x Risk) or the previous high on the chart. Positive Risk-Reward Ratio and Low Drawdown With a short stop and a larger profit target, this setup is ideal for capturing entries with a favorable risk-reward ratio, minimizing drawdown and maximizing profit potential in trades that follow the trend. This screener applies this setup across 40 assets, identifying the best opportunities according to the "Stormer" method. It displays the 8 and 80 EMAs and can be complemented by the Stormico Screener 40, EMA 80 (Slow Stochastic 8). The setup was also a favorite of his daughter Carol, who contributed greatly to live sessions and classes with Stormer. This screener honors both of them and Alexandre Wolwacz’s methodology, with deep respect for all he has contributed to the market and his students.
Pine Script™ indicator
by roblesdrum
Medias Moviles Exponenciales 8_20_50_200 OMilan//Oscar Milan //@version=5 indicator('Medias Moviles Exponenciales 8_20_50_200 OMilan', overlay=true) //Variables ema1 = ta.ema(close, 8) ema2 = ta.ema(close, 20) ema3 = ta.ema(close, 50) ema4 = ta.ema(close, 200) //Medias Moviles Exponenciales y Vwap plot(ema1, linewidth=2, color=color.new(color.yellow, 0), title='Media Movil 8') plot(ema2, linewidth=2, color=color.new(color.red, 0), title='Media Movil 20') plot(ema3, linewidth=2, color=color.new(color.green, 0), title='Media Movil 50') plot(ema4, linewidth=2, color=color.new(color.purple, 0), title='Media Movil 200') plot(ta.vwap, linewidth=3, color=color.new(color.black, 0), title='VWAP') //*******************cruces********************* //cruces ema1 plot(ta.cross(ema1, ema2) ? ema1 : na, style=plot.style_cross, linewidth=5, title='Cruce de 8 y 20') plot(ta.cross(ema1, ema3) ? ema1 : na, style=plot.style_cross, linewidth=5, title='Cruce de 8 y 50') plot(ta.cross(ema1, ema4) ? ema1 : na, style=plot.style_cross, linewidth=5, title='Cruce de 8 y 200') //cruces ema2 plot(ta.cross(ema2, ema3) ? ema2 : na, style=plot.style_cross, linewidth=5, title='Cruce de 20 y 50') plot(ta.cross(ema2, ema4) ? ema2 : na, style=plot.style_cross, linewidth=5, title='Cruce de 20 y 200') //cruces ema3 plot(ta.cross(ema3, ema4) ? ema3 : na, style=plot.style_cross, linewidth=5, title='Cruce de 50 y 200') plot(close)
Pine Script™ indicator
by omilan
EMA Cross Indicator with SignalEMA Cross Indicator with LONG & SHORT Signals This code adds two new plotshape() functions to display text labels ("Buy Signal" and "Sell Signal") at the points of the crossovers. You can further customize the appearance of these labels by adjusting the text, style, location, color, text colour, and size parameters. Remember to thoroughly test this indicator on historical data to evaluate its effectiveness and adjust parameters.
Pine Script™ indicator
by thecroatviking
ICT Setup 02 [TradingFinder] Breaker Blocks + Reversal Candles🔵 Introduction The "Breaker Block" concept, widely utilized in ICT (Inner Circle Trader) technical analysis, is a crucial tool for identifying reversal points and significant market shifts. Originating from the "Order Block" concept, Breaker Blocks help traders pinpoint support and resistance levels. These blocks are essential for understanding market trends and recognizing optimal entry and exit points. A Breaker Block is essentially a failed Order Block that changes its role when price action breaks through it. When an Order Block fails to hold as a support or resistance level, it reverses its function, becoming a Breaker Block. There are two primary types : Bullish Breaker Blocks and Bearish Breaker Blocks. These Breaker Blocks align with the prevailing market trend and indicate potential entry points after a liquidity sweep or a shift in market structure. Understanding and applying the Breaker Block strategy enables traders to capitalize on the behavior of institutional investors, enhancing their trading outcomes. Bullish Setup : Bearish Setup : 🔵 How to Use The ICT Setup 02 indicator designed to automate the identification of Bullish and Bearish Breaker Blocks. This tool enables traders to easily spot these blocks on a chart and utilize them for entering or exiting trades. Below is a breakdown of how to use this indicator in both bullish and bearish setups. 🟣 Bullish Breaker Block Setup A Bullish Breaker Block setup is identified in an uptrend, where it serves as a potential entry point. This setup occurs when a Bearish Order Block fails and the price moves above the high of that Order Block. In this scenario, the previously bearish Order Block turns into a Bullish Breaker Block, which now acts as a support level for the price. To trade a Bullish Breaker Block, wait for the price to retest this newly formed support level. Confirmation of the uptrend can be achieved by analyzing lower time frames for further market structure shifts or other bullish indicators. A successful retest of the Bullish Breaker Block provides a high-probability entry point for a long trade, as it signals institutional support. Traders often place their stop-loss below the low of the Breaker Block zone to minimize risk. 🟣 Bearish Breaker Block Setup A Bearish Breaker Block setup, conversely, is used in a downtrend to identify potential sell opportunities. This setup forms when a Bullish Order Block fails, and the price moves below the low of that Order Block. Once this Order Block is broken, it reverses its role and becomes a Bearish Breaker Block, providing resistance to the price as it pushes downward. For a Bearish Breaker Block trade, wait for the price to retest this resistance level. A confirmation of the downtrend, such as a market structure shift on a lower time frame or additional bearish signals, strengthens the setup. The Bearish Breaker Block retest provides an opportunity to enter a short position, with a stop-loss placed just above the high of the Breaker Block zone. 🔵 Settings Pivot Period : This setting controls the look-back period used to identify pivot points that contribute to the detection of Order Blocks. A higher period captures longer-term pivots, while a lower period focuses on more recent price action. Adjusting this parameter allows traders to fine-tune the indicator to match their trading time frame. Breaker Block Validity Period : This setting defines how long a Breaker Block remains valid based on the number of bars elapsed since its formation. Increasing the validity period keeps Breaker Blocks active for a longer duration, which can be useful for higher time frame analysis. Mitigation Level BB : This option lets traders choose the level of the Order Block at which the price is expected to react. Options like "Proximal," "50% OB," and "Distal" adjust the zone where a reaction may occur, offering flexibility in setting up the entry and stop-loss levels. Breaker Block Refinement : The refinement option refines the Breaker Block zone to display a more precise range for aggressive or defensive trading approaches. The "Aggressive" mode provides a tighter range for risk-tolerant traders, while the "Defensive" mode expands the zone for those with a more conservative approach. 🔵 Conclusion The Breaker Block indicator provides traders with a sophisticated tool for identifying key reversal zones in the market. By leveraging Breaker Blocks, traders can gain insights into institutional order flow and predict critical support and resistance levels. Using Breaker Blocks in conjunction with other ICT concepts, like Fair Value Gaps or liquidity sweeps, enhances the reliability of trading signals. This indicator empowers traders to make informed decisions, aligning their trades with institutional moves in the market. As with any trading strategy, it is crucial to incorporate proper risk management, using stop-losses and position sizing to minimize potential losses. The Breaker Block strategy, when applied with discipline and thorough analysis, serves as a powerful addition to any trader’s toolkit.
Pine Script™ indicator
by TFlab
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