Realized price for BTC, ETH, LTCThis script calculates the realized price of BTC/ETH/LTC and shows a signal when the market price falls below the realized price - which can be signal a for potential market bottom. The realized price calculation is based on Glassnode data MVRV ratio.
- Realized Price is the average price of the Bitcoin supply, valued at the day each coin last transacted on-chain. This is often considered the 'on-chain cost basis' of the market.
- MVRV Ratio is the ratio between the market value (MV, spot price) and the Realized value (RV, realized price), allowing for a visualization of Bitcoin market cycles, and profitability.
Calculations:
REALIZED PRICE = REALIZED MARKET CAP / CIRCULATION SUPPLY
REALIZED MARKET CAP = 1 / MVRV * MARKET CAP
It's working with BTCUSD, ETHUSD, LTCUSD tickers only.
Pivot points and levels
Pivotal MomentsPivotal Moments draws lines for each of up to 500 pivot high and pivot low levels that have never been revisited at the present moment in time. After the Pivotal Moments indicator has been loaded onto chart and any of the subsequent realtime bars that are formed touch or cross a pivot level it is deleted. The duration for how long any touched or crossed pivot levels remain on chart before deletion may be extended by N bars or N units of time.
There are user selectable options for the following:
• Pivot Bars Left : the number of lower highs or higher lows that must be formed before a possible pivot bar can occur.
• Right : the number of lower highs or higher lows that must be formed after potential pivot to validate a pivot bar.
• Lines Show As : the choice of line style to use for the drawn pivot levels includes Dashed, Dotted, or Solid.
• Wide : the number of lines wide for how thick the drawn pivot levels are desired to be on the chart.
• Delay Removal : the number of units that touched or crossed pivot levels will persist on chart.
• Units : the choice of which delay unit type includes nBars, nSecs, nMins, nHrs, or nDays.
• Extend Right : the number of bars right of current bar to extend drawn pivot levels.
• Show : the number of maximum recent drawn pivot levels to keep on chart.
• Colors Used : the colors used for pivots high, low, and dual pivot bars.
• Show Price Labels : the choice whether to show prices for levels.
• On Right : the choice to move prices to right of pivot levels.
• Show Pivot Bars : the choice to colorize pivot bars.
If desired, alerts can be received for whenever new touches or crosses occur for both pivot highs and pivot lows by creating a single Alert. Note that these alerts are triggered by realtime bars which by their very nature are repainting prices, thus the alert creation window will warn of this with an orange exclamation symbol. For an illustration of how to create alerts for this indicator click the chart below:
Credit: this indicator was originally built for @Luckshury, who has graciously given me permission to publish it publicly.
NOTICE: This is an example script and not meant to be used as an actual strategy. By using this script or any portion thereof, you acknowledge that you have read and understood that this is for research purposes only and I am not responsible for any financial losses you may incur by using this script!
Pivot Point Trend LineThis Indicator simply draw lines between high pivot points and low points.
in the code by default its used tradingview default ta.pivothigh and ta.pivotlow function to get the high and low points.
it will generate recent 4 lines of high and low pivot points.
you can change the no of days for both highs and lows pivot points.
this script is not generating any buy or sell signals its just autodraw and connect 2 pivot points. so you dont have to do it manually.
Mancini LevelsAnother level parsing indicator.
Add your list of support and resistance levels as inputs in a comma-delimited list, including ranges e.g. -, with an optional (major) to signify a major level.
Format is <(major)>"," <(major)>,<...n> for both support and resistance, with optional "major" designation after each numeric level, comma-separated
Liquidity Breakout - Strategy [presentTrading]- Introduction and How It Is Different
The Liquidity Breakout Strategy is a unique trading strategy that focuses on identifying and leveraging patterns in market price data. This strategy, mainly inspired by the script "Master Pattern" by LuxAlgo, takes a different approach from many traditional strategies that rely on technical indicators or fundamental analysis. Instead, the Liquidity Breakout is based on the concept of contraction detection and liquidity levels. This approach allows traders to identify potential trading opportunities that other strategies might miss.
BTCUSDT 6h
The strategy is different from other trading strategies because it uses a unique combination of pattern detection, liquidity levels, and user-defined trading direction. This combination allows the strategy to adapt to various market conditions and trading styles, making it a versatile tool for traders.
- Strategy: How It Works
1. Contraction Detection: The strategy uses a lookback period defined by the user (default is 10 bars) to identify contractions in the market. A contraction is a period where the market is consolidating, often followed by a significant price movement. The strategy identifies contractions by finding pivot highs and pivot lows within the lookback period. If a pivot high is lower than the previous pivot high and a pivot low is higher than the previous pivot low, a contraction is detected.
2. liquidity Levels:
What are Liquidity levels? Liquidity levels, also known as liquidity pools or zones, are price levels at which there is a significant amount of trading activity. They are often areas where large institutional traders (like banks or hedge funds) have placed orders. These levels are important because they can act as support or resistance levels, and price often reacts at these levels.
In the context of this strategy, liquidity levels are used to identify potential entry and exit points for trades. When the price reaches a liquidity level, it could indicate a potential trading opportunity. For example, if the price breaks through a liquidity level, it could signal the start of a new trend. On the other hand, if the price approaches a liquidity level and then reverses, it could signal a potential reversal.
The strategy uses these two elements to identify potential trading opportunities. When a contraction is detected, the strategy will look for a breakout in the direction of the trend. If the breakout occurs at a liquidity level, the strategy will execute a trade.
The strategy also allows traders to set their stop loss based on either the Average True Range (ATR) or a fixed percentage. This flexibility allows traders to manage their risk according to their personal risk tolerance and trading style.
- Trade Direction
One of the unique features of the Master Pattern Strategy is the ability to choose the trading direction. Traders can choose to trade in the "Long" direction, the "Short" direction, or "Both". This feature allows traders to adapt the strategy to their personal trading style and market outlook.
For example, if a trader believes that the market is in an uptrend, they can choose to trade only in the "Long" direction. Conversely, if the market is in a downtrend, they can choose to trade only in the "Short" direction. If the trader believes that the market is volatile and there are opportunities in both directions, they can choose to trade in "Both" directions.
- Usage
To use the strategy, traders need to input their preferred settings, including the contraction detection lookback period, liquidity levels, stop loss type, and trading direction. Once these settings are input, the strategy will automatically detect potential trading opportunities and execute trades according to the defined parameters.
- Default Settings
The default settings for the Master Pattern Strategy are as follows:
Contraction Detection Lookback: 10
Liquidity Levels: 20
Stop Loss Type: ATR
ATR Length: 20
ATR Multiplier: 3.0
Fixed Percentage: 0.01
Trading Direction: Both
These settings can be adjusted according to the trader's personal preferences and market conditions. It's recommended that traders experiment with different settings to find the ones that work best for their trading style and goals.
Master Pattern [LuxAlgo]The Master Pattern indicator is derived from the framework proposed by Wyckoff and automatically displays major/minor patterns and their associated expansion lines on the chart.
Liquidity levels are also included and can be used as targets/stops. Note that the Liquidity levels are plotted retrospectively as they are based on pivots.
🔶 USAGE
The Master Pattern indicator detects contraction phases in the markets (characterized by a lower high and higher low). The resulting average from the latest swing high/low is used as expansion line. Price breaking the contraction range upwards highlights a bullish master pattern, while a break downward highlights a bearish master pattern.
During the expansion phase price can tend to be stationary around the expansion level. This phase is then often followed by the price significantly deviating from the expansion line, highlighting a markup phase.
Expansion lines can also be used as support/resistance levels.
🔹 Major/Minor Patterns
The script can classify patterns as major or minor patterns.
Major patterns occur when price breaks both the upper and lower extremity of a contraction range, with their contraction area highlighted with a border, while minor patterns have only a single extremity broken.
🔶 SETTINGS
Contraction Detection Lookback: Lookback used to detect the swing points used to detect the contraction range.
Liquidity Levels: Lookback for the swing points detection used as liquidity levels. Higher values return longer term liquidity levels.
Show Major Pattern: Display major patterns.
Show Minor Pattern: Display minor patterns.
Risk Management GO8686: Stop Loss, Position Size & TargetFull Name: Risk Management GO8686: Stop Loss, Position Size & Target
What this indicator provides:
A dashboard to calculate Stop Loss, Position Size and Target, where users can customize Risk Management parameters in the setting.
Position Size: calculated from "initialCapital", "Leverage", "Max Loss", "feeMaker", "feeTaker".
Stop Loss Price: using pivots, default length is set to 3, with an extra ATR value controlled by "'Multiplier OF Extra ATR".
Target: calculated from entry price, risk reward, distance between entry and stop loss, fees
What the indicator does Not provides:
entries of positions: The Long/Short entries displayed are just MACD signal crossing zero, users can apply their own entry logic, by modifying ready2L / ready2S variables.
What the indicator does Not guarantee:
the integrity, timeliness, accuracy, and comprehensiveness of the data, calculation method, calculation results, etc.
Two types labels:
1. Automated labels: they are displayed when MACD signal crossing zero, use "Display History Labels" to toggle display or not.
2. Setup Manually label: located at the right side of the latest bar, to display results when users setup manually
The settings of the indicator:
"Toggle to Reload",
"InitialCapital", "Leverage", "Max Loss % per trade", "feeMaker", "feeTaker",
4 length inputs for Pivot, "Multiplier of Extra ATR for stop loss",
"Toggle To setup manually", "Toggle between Long / Short", "Entry Price, set manually", "Stop Loss Price, set manually", "Risk-Reward Ratio"
"Display History Labels"
---------- Disclaimer ----------
Before using or requesting access to the indicator, customers/users acknowledge that they have read and accepted that the indicator, any associated contents on all social medias and any communication with the indicator author, including but not limited to: product and service details, signals, alerts, data, calculation methods, calculation results, user manual, tutorials, ideas, videos, chats, messages, emails, blogs, tweets, etc. are provided solely for educational purpose and Not as financial advice. Customers/users understand and agree to use the aforementioned indicator and information at their own risk.
---------- Updates ----------
The latest updates override the previous content.
To activate a update, if it does not load as expected: close the indicator, save the chart, clear browser caches, restart the browser, reload the chart and apply the indicator to the chart.
Previous OHLC Levels [TradeMaster Lite]In trading, the “Previous Open/High/Low/Close” (or previous OHLC) refers to the opening, high, low and closing price of the instrument in the previous period. These prices are typically used in technical analysis to identify trends and patterns and to make trading decisions. Some traders may also use the differences between the opening, high, low and closing prices to make trading decisions. For example, the difference between the closing and opening price (the so-called “true body”) and the high and low price (the so-called “upper shadow” and “lower shadow”) can indicate the strength of a trend, whether the bulls or bears are controlling the market, and can also give an idea of market volatility, and are also used as support and resistance levels.
Previous Open: shows the opening price of the previous period. It's the price at which the market first started trading in that period.
Previous High: represents the highest price reached during the previous period. It can act as a resistance level for the current period.
Previous Low: indicates the lowest price hit during the previous period. It can serve as a support level in the current period.
Previous Close: the last price at which the asset traded during the previous period. It's often considered the most accurate reflection of the market sentiment at the end of that period.
These values provide a summary of the previous trading period's price action, giving you a baseline for comparing current price movements. They can help in understanding the market's direction and identifying potential support and resistance levels. It is important to keep in mind that, like any other technical indicator, Previous OHLC does not give a definitive indication of future market direction and should be used in conjunction with other analytical tools, as well as fundamental analysis and market sentiment. It is also important to have appropriate risk management in place.
👉 General advice
Confirming Signals with other indicators:
As with all technical indicators, it is important to confirm potential signals with other analytical tools, such as support and resistance levels, as well as indicators like RSI, MACD, and volume. This helps increase the probability of a successful trade.
Use proper risk management:
When using this or any other indicator, it is crucial to have proper risk management in place. Consider implementing stop-loss levels and thoughtful position sizing.
Combining with other technical indicators:
The indicator can be effectively used alongside other technical indicators to create a comprehensive trading strategy and provide additional confirmation.
Keep in Mind:
Thorough research and backtesting are essential before making any trading decisions. Furthermore, it's crucial to have a solid understanding of the indicator and its behavior. Additionally, incorporating fundamental analysis and considering market sentiment can be vital factors to take into account in your trading approach.
Limitations:
This is a lagging indicator. Please note that the displayed values are delayed by the chosen timeframe on historical bars and show the values from the previous period on the current bar.
The indicators within the TradeMaster Lite package aim for simplicity and efficiency, while retaining their original purpose and value. Some settings, functions or visuals may be simpler than expected.
⭐ Conclusion
We hold the view that the true path to success is the synergy between the trader and the tool, contrary to the common belief that the tool itself is the sole determinant of profitability. The actual scenario is more nuanced than such an oversimplification. Our aim is to offer useful features that meet the needs of the 21st century and that we actually use.
🛑 Risk Notice:
Everything provided by trademasterindicator – from scripts, tools, and articles to educational materials – is intended solely for educational and informational purposes. Past performance does not assure future returns.
Supply And DemandThis supply and demand indicator uses sessions, volume spikes, higher timeframe price action and other volume calculations to spot areas on the chart where price will likely react. From the 1 minute and below charts to the daily and up charts, you can get excellent levels for any timeframe.
Why Use Supply And Demand?
One of the safest ways to trade is to wait for price to enter an area of interest where price should react. When we play reversals off of these areas, you increase the likelihood that your trade will be profitable because there was previous price action that told you that the current level is one where price will react. So we look for reversals at or very near these levels to enter into scalp or swing trade positions and look to exit that position when price is at or near the next major supply and demand level.
How To Use
The strategy with this indicator is to wait for price action to reach the levels shown by this supply and demand indicator and then enter trades at these levels, looking for a reversal. The thicker lines and the lines that are from the highest timeframes will be the most important levels on the chart. There is a table on the chart that will help you identify what timeframe the levels are using, with the color of that line next to it for easy identification.
The default settings are designed for scalping the 1-5 minute charts, so there are more levels turned on than necessary if you are using higher timeframes than 5 minutes. If you are using higher timeframes, make sure to turn off some of the lower timeframe levels so that it doesn’t clog up your charts. On the daily timeframe and above, many of the levels are coded to not turn on so that you don’t have to turn them off manually, but be aware that you will need to adjust your charts to suit your preferences, especially if you are on anything above the 5 minute chart.
For scalping, wait for price to react from the supply and demand levels by showing wicks, struggling to break through or getting reversal candles at those levels. Ride those moves to the next major supply and demand area before taking profit. You may want to turn on sessions and some of the lower timeframe levels as well if there are big gaps on the chart that are not suitable for scalping.
For swing trading, you will want to turn some of the lower timeframe and session levels off. Leave it to only higher timeframe OHLC lines and volume spike levels. Then you can swing moves that reverse off of the supply and demand lines.
Customization
This indicator is fully customizable. You can turn on or off any of the levels as well as increase the number specific levels so your charts suit your preferences.
All of the levels used are color coded individually so you can easily tell which type of level it is and these colors can be changed within the settings to suit your preferences. These colors are also reflected in the line identification table that show you exactly which color each type of level is.
There are toggles for the line identification table and session identification table as well if you don’t want them on your chart.
Types Of Levels Used
This indicator uses 4 different types of levels that I have found to be extremely influential on the price action. They are: volume spikes, higher timeframe price action, country based trading sessions and the VWAP. All of these levels have proven to be very important levels in my testing and are very helpful in spotting reversal areas.
Volume Spikes
This indicator is looking for the largest volume spikes and plotting the levels where that volume came in. It checks for the highest volume spikes across multiple different lengths of candles so that you get recent levels as well as the most important levels in the past. There are volume spike calculations for your current chart timeframe, 1 hour charts, 4 hour charts, daily charts, weekly charts, and monthly charts. Each of these looks for volume spikes across various lengths of candles for each timeframe and is color coded so you can identify which levels are which easily. The weekly and monthly volume spike levels are fatter than the normal volume spike levels with a line width of 2 to signify their importance.
OHLC Higher Timeframe Candles
This script plots levels of higher timeframe candles since price usually reacts very strongly to these levels. The levels it will produce are the high, low, open and close of the most recent closed candle of each higher timeframe. You can adjust these to show as many or as few previous HTF candles as you would like. The higher timeframe candles available to use are as follows: 1 hour, 4 hour, daily, 3 day, weekly, monthly, quarterly and yearly. The monthly, quarterly and yearly levels are fatter than the normal levels with a line width of 2 to signify their importance.
Trading Sessions
Trading sessions are very important levels because the market makers of different parts of the world are typically positioning themselves at these specific times. The number of each trading session line can be adjusted to show more or less levels depending on your preference. When you adjust the number, it will affect all lines that are enabled for that specific session. The levels available for each Tokyo, London & New York session are as follows: session premarket open, regular session open, session close, and session high & low. The session close boxes are fatter than the others with a line width of 2 to signify its importance.
VWAP & Previous Close
We all know that the VWAP aka Volume Weighted Average Price is a very important level on any chart, so we included this level as a default. However, we decided to take this a step further and include the previous daily session’s VWAP closing price and plot those levels. These are extremely important levels that you should pay very close attention to, along with the other levels mentioned above. The market makers are hedging their positions based on these levels and you will typically see very strong reactions to these levels, especially in the first hour when the markets open up. The VWAP and previous session VWAP close levels can be turned on or off and the default for the number of previous VWAP session close prices is set to 5. These levels are fatter lines because they are extremely important, so make sure to pay attention to them!
Line & Session Identification Tables
There are two tables to help you identify what is on the chart. The first is a large table in the top right that shows you the color and type of each line that is turned on so you can easily identify which lines are which. The second table is a small one at the bottom center of the chart that tells you which trading session we are currently in and what color that session is on the chart. These tables can be turned on or off and you can also change where they are on the chart by adjusting them at the bottom of the settings page.
Markets
This Supply And Demand indicator can be used on any market with price data such as stocks, crypto, forex and futures.
Timeframes
This Supply And Demand indicator can be used on any timeframe, from the second charts all the way up to the yearly charts.
Swing Breaker Strategy [v0.1] - Support and resistance breakoutSwing Breaker Strategy - Support and Resistance Breakouts
This strategy has no repainting.
Default settings:
Swing Barsback: 10
Number of Swings: 3
Stoploss Candles Lookback: 5
Why these default settings?
This strategy has been backtested with over 100 trades, and on a larger scale of 1000 trades, it has reported a 1.33 profit factor with a maximum 5% cumulative drawdown, using no leverage. In this backtest, the settings (10,3,5) were used, becoming the default settings as they are more adaptable to different market conditions.
How does this strategy work?
Defining swing lows (support) and swing highs (resistance): We can locate these candles by looking at a symmetrical candle unit around them. For example, the default settings present a 10 swing bars back, which means there is no superior level within a 10-candle radius in the case of a swing high, and the opposite for a swing low. Swings are located a few candles after, just the number of swing bars back (width), because it is needed to ensure it is a swing.
Locating trends: We locate trends by looking at consecutive swings. For example, in the default settings, to determine a bullish trend, we need 3 consecutive ascending swing lows; for a bearish trend, 3 consecutive descending swing highs. You can find this parameter in settings as "Number of swings."
When a trend is formed, a stop entry is placed at the last swing until it is broken.
Just after the entry, the stop is placed at the lowest (in the case of a long) or the highest (in the case of a short) of the last candles. You can define that number in the settings as "Stoploss candles lookback," which default is 5. The take profit is placed at 2 times the stop value, resulting in a 2 risk-reward ratio.
Why is this strategy protected?
No other strategy combines the way of locating swings and turning it into a strategy, including customizable parameters such as stop loss, swing width and introducing the number of swings. That's why we decided to protect it.
Sessions by JuezFxLines Plotted at the opening price of London, New York, New York Stock Exchange, and Asia. It could also plot lines of the closing price of the session.
The script is just plotting a line at those levels to give us a visual indicator of those specific levels as they could be very beneficial for your trading. Opening and closing of the session hold the most liquidity, attracting the market towards it.
I hope this script will help you in your trading and you can use those levels along with other confluences in order to identify key levels that the market could react from!
There are some similar scripts but this one have more lines to plot at could be identified by different color and line thickness!
Average purchase price 0.1 [PATREND]
Average purchase price
This tool calculates the average purchase and sell price and the profit/loss ratio for the selected symbol based on the user's inputs for the purchase and sell prices and the entry and exit amounts.
Using Average purchase price with DCA strategy
This tool can be used to track the performance of your dollar cost averaging (DCA) investment strategy.
This tool allows you to enter information about your purchase and sell transactions, such as the purchase and sell price and the entry and exit amount, and it calculates the average purchase and sell price and the profit/loss ratio based on this information.
When using a DCA strategy, you can enter information about your regular purchase and sell transactions and the tool will calculate the average purchase and sell price for you.
You can use this information to determine if your strategy is working well and make the necessary adjustments.
In addition, this tool can help you determine when you should increase or decrease the regular investment amounts that you make as part of your DCA strategy.
It can also show you the profit/loss ratio for each sell transaction that you made.
_________________________________
We hope you find it useful.
Don't hesitate to try this tool and customize its settings to meet your trading needs.
We look forward to seeing your opinions and comments.
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Average purchase price
هذه الأداة تحسب متوسط سعر الشراء والبيع ونسبة الربح / الخسارة للرمز المحدد بناءً على إدخالات المستخدم لأسعار الشراء والبيع ومبالغ الدخول والخروج.
استخدام Average purchase price مع استراتيجية DCA
يمكن استخدام هذه الأداة لتتبع أداء استراتيجية الاستثمار المتوسط التكلفة الدولارية (DCA) الخاصة بك.
تتيح لك هذه الأداة إدخال معلومات عن عمليات الشراء والبيع الخاصة بك، مثل سعر الشراء والبيع وكمية الدخول والخروج، ويقوم بحساب متوسط سعر الشراء والبيع ونسبة الربح / الخسارة بناءً على هذه المعلومات.
عند استخدام استراتيجية DCA، يمكنك إدخال معلومات عن عمليات الشراء والبيع المنتظمة التي تقوم بها وستقوم الأداة بحساب متوسط سعر الشراء والبيع لك. يمكنك استخدام هذه المعلومات لتحديد ما إذا كانت استراتيجيتك تعمل بشكل جيد وإجراء التعديلات اللازمة.
بالإضافة إلى ذلك
يمكن لهذه الأداة مساعدتك في تحديد متى يجب عليك زيادة أو تقليل مبالغ الاستثمار المنتظمة التي تقوم بها كجزء من استراتيجية DCA. كما يمكنها أن تظهر لك نسبة الربح / الخسارة في كل عملية بيع قمت بها.
تصرف كخبير ترجمه مختص باسواق المال وترجم هذا النص للغه الانكليزيه بشكل دقيق
_________________________________
نأمل أن تجدوه مفيدًا لكم .
لا تترددوا في تجربة هذه الأداة وتخصيص إعداداتها لتلبية احتياجاتكم التداولية.
نتطلع إلى رؤية آرائكم وتعليقاتكم .
TradeMaster ProTrading effectively requires a range of techniques, experience, and expertise. From technical analysis to market fundamentals, traders must navigate multiple factors, including market sentiment and economic conditions. However, traders often find themselves overwhelmed by market noise, making it challenging to filter out distractions and make informed decisions. To address this, we present a powerful indicator package designed to assist traders on their journey to success.
The TradeMaster indicator package encompasses a variety of trading strategies, including the SMC (Supply, Demand, and Price Action) approach, along with many other techniques. By leveraging concepts such as price action trading, support and resistance analysis, supply and demand dynamics, these indicators can empower traders to analyze entry and exit positions with precision. Unlike other forms of technical analysis that produce values or plots based on historical price data, Price Action brings you the facts straight from the source - the current price movements.
The indicator package consists of three powerful indicators that can be used individually or together to maximize trading effectiveness.
⭐ About the Pro Indicator
The Pro indicator is the cornerstone of the package, offering a comprehensive range of functions. It's strength lies in our unique structure calculation, which is based on real price action data, capturing every ticks from small intraday fluctuations to the significant high timeframe movements. The Pro Indicator reflects our personal use and deep comprehension of Smart Money Concepts. It provides streamlined tools for tracking algorithmic trends with modern visualizations, without unnecessary clutter.
In the ever-evolving trading landscape, mainstream methods and strategies can quickly become outdated as they are widely adopted. Liquidity is constantly sought after, and the best source for this is exploring and exploiting trading strategies that are widely accepted and applied. Currently, one of these strategies is the SMC (Supply, Demand, and Price Action).
It's no coincidence that our educational materials incorporate concepts such as liquidity grabs (LG) and Smart Money Traps (SMT). As the application of SMC gains popularity among retail traders, trading with this approach becomes more challenging. Therefore, the recent focus has been on reforming the SMC methodology, as it is the only method that relies on real price movements and will always work when applied correctly.
▸ What does proper application of SMC entail?
Many SMC traders associate their key areas of interest with the market structure, which is generally considered acceptable. However, depending solely on a single foundation can lead to significant deviations, which may cause notable impacts on trading results. Moreover, if the basis for the market structure calculation is inaccurate, the consequences can be even more severe. It's akin to risking money on a lottery ticket, believing it will be a winner.
Our methodology is different, and it may ensure longevity in the financial markets. The structure remains crucial, but it is not the sole foundation of everything; instead, it serves as a validation tool. Each calculation, such as order blocks (OB), Fair Value Gaps (FVG), liquidity grabs (LG), range analysis, and more, is independent and unique, separate from the structure. However, validation must ultimately come from the structure itself.
We employ individual and high-quality filters: before a function calculation is validated by the structure, it must undergo rigorous testing based on its own set of validation conditions. This approach aims to enhance robustness and accuracy, providing traders with a reliable framework for making informed trading decisions.
▸ An example for structure validation: Order Block with "Swing Sensitivity"
These order blocks will only be displayed and utilized by the script if there is a swing structure validation with a valid break. In other words, the presence of a confirmed swing Change of Character (ChoCh) or Break of Structure (BoS) is essential for the Order Block to be considered valid and relevant.
This approach ensures that the order blocks are aligned with the overall market structure and are not based on isolated or unreliable price movements. Whether it's Fair Value Gaps (FVG), Liquidity Grabs (LG), Range calculations, or other functionalities, the same underlying principle holds true. The background structure calculation serves as a validation mechanism for the data and insights generated by these functions, ensuring they adhere to the specific criteria and rules established within our methodology. By incorporating this robust validation process, traders can have confidence in the reliability and accuracy of the information provided by the indicator, allowing them to make informed trading decisions based on validated data and analysis.
👉 Usage - the general approach:
Determine your trading style using the Pro Indicator and build your basic strategy. This indicator helps you understand your trading style, whether it's swing trading, scalping or another approach. By analyzing the Pro Indicator, you gain valuable information about potential market trends, entry and exit points, and overall market sentiment.
👉 Example of usage:
In the following chart, you'll notice how we've utilized the indicator to formulate a strategic trading approach. We've employed Order Blocks equipped with volume parameters to identify crucial market zones. Simultaneously, we've leveraged swing/internal market structures to gain insights into potential long and short-term market turnarounds. Lastly, we've examined trend line liquidity zones to pinpoint probable impulses and breakouts within ongoing trends.
Now we can see how the price descended to the order block with the highest volume, which we had previously marked as our point of interest for an entry. As the price closed below the median Order Block, we noted its mitigation. After an internal CHoCH, it's directing us towards the main Order Block as a target.
👉 Smart Money Concepts Functions
Market Structure: identifies and marks key structural changes in the market, in order to visually highlight shifts in market trends and patterns. This feature is designed to alert you of significant changes in the market's behavior, signaling a potential shift from accumulation to distribution phase, or vice versa. It helps traders adapt their strategies based on evolving market dynamics.
Order Blocks: pinpoints crucial zones where large institutional investors ("smart money") have shown strong buying or selling interest recently. Order blocks can serve as a tool for identifying key levels for potential trade entries or exits.
FVGs (Fair Value Gaps): detects discrepancies between the perceived market value and actual market price, revealing potential areas for price correction. With its mitigation settings, you can fine-tune the FVG detection according to the magnitude of value misalignment you consider significant.
Liquidity Grabs: helps track "smart money" footprints by identifying levels where large institutional traders may have induced liquidity traps. Understanding these traps can aid in avoiding false market moves and optimizing trade entries.
Automatic Fibonacci Tool: Simplifying the task of identifying key Fibonacci retracement and extension levels, this tool ties Fibonacci levels to the structure for you. It aids in recognizing significant support and resistance levels, providing a clearer understanding of potential price movements.
The Smart Money Concepts trading strategy - combined with these dynamic features - becomes a powerful analytical asset for any trader, providing in-depth insights into market dynamics, trends, and potential opportunities.
👉 Algorithmic trend and dynamic support and resistance
Trend Rainbow: This proprietary feature uses our unique TRMA** method to define short-term, medium-term, and long-term market trends. It incorporates state-of-the-art visualization techniques to render the trend information in an intuitive, easily interpretable manner. It's a 21st-century tool designed for the modern trader who values both precision and simplicity.
Multi-Timeframe Moving Averages: This feature allows traders to simultaneously monitor moving averages across multiple timeframes, providing a comprehensive perspective on market trends. It helps identify dynamic support and resistance zones, key levels where price movements are likely to slow down or reverse. This function not only aids in planning potential trade entries and exits, but also calculates the precise percentage distance to these levels. Can be as well crucial for risk management, enabling traders to set stop losses and profit targets based on solid, data-driven analysis. The Multi-Timeframe Moving Averages function is a versatile tool that combines strategic planning and risk control into a single, easy-to-use feature.
👉 Unlock the Hidden Market Dynamics
Market Sessions: This feature - by default - provides a clear representation of the four major global trading sessions. Each session is distinctly marked on your trading chart, helping you visualize the specific time periods when these markets are most active. Recognizing these sessions is critical for understanding market dynamics, as the opening and closing of major markets can lead to significant price movements. Whether you're a day trader looking to exploit intra-day volatility or a long-term investor wanting to understand broader market trends, the Market Sessions feature can be a useful tool in your trading toolkit.
Divergence Functions: allow the use of unique indicators along with our proprietary ones to detect potential price reversals. As each asset has a different market maker, divergences can vary greatly across different charts and timeframes. With our Divergence Ranking Table, you can quickly determine which divergences have the highest success rates and which are the least successful on a given chart. This feature allows you to adapt your strategies to the most effective signals, enhancing your trading decisions and boosting your potential profits.
Volume Profile with delta: This feature may give traders an edge by providing an in-depth view of market activity. It illustrates the amount of trading volume at different price levels, combined with the 'delta', which is the difference between buying and selling volume. This information allows you to see areas of high trading activity and understand whether the volume is pushing the price up or down. This real-time insight into the market's supply and demand can be instrumental in identifying key support and resistance levels, predicting potential reversals, and recognizing where the market is likely to move. Similarly to Fibonacci tool, Volume Profile can be tied to the current market structure.
👉 Improve Trading Decisions
Range: This innovative feature assists traders in determining discount, premium, and equilibrium zones. It provides a unique way of visualizing price areas where a security could be overbought or oversold (premium or discount zones), and where the price is expected to be fair and balanced (equilibrium zone). Distance from current price is displayed in percentage terms, which can assist traders with crucial data for risk management and strategic planning. The Range function helps you identify the most favorable price zones for entries and set your stop-loss and take-profit levels more accurately.
Previous OHLC: This functionality offers the capability to display the previous Open, High, Low, Close values. It is primarily set on the daily timeframe and serves as an important reference for traders. Having an overview of these key levels from the previous day gives you a solid foundation on which to base today's trading decisions. Recognizing these levels can help you predict potential turning points in the market, providing an advantage in your trading strategy.
Smart Money Zones: our secret weapon for swing traders. Similarly to order blocks, these zones can accurately identify crucial areas of strong buying or selling interest by large institutional investors. However while Order Blocks focus on recent price action, Smart Money Zones take the whole chart into consideration, resulting in more established support and demand zones.
The summary graph combines six unique indicators (Momentum, Trend Strength, Volume, Volatility, Asset Strength, and Sentiment) along with Structure and Sessions. These indicators use our TRMA** method to provide a comprehensive overview of market dynamics. By consolidating these indicators into a single graph, traders can gain valuable insights into the overall market landscape.
** TRMA (Trend Rainbow Moving Averages) is a complex but customizable moving average matrix calculation that is designed to measure market trend direction, strength and shifting.
⭐ Conclusion
We hold the view that the true path to success is the synergy between the trader and the tool, contrary to the common belief that the tool itself is the sole determinant of profitability. The actual scenario is more nuanced than such an oversimplification. Our aim is to offer useful features that meet the needs of the 21st century and that we actually use.
🛑 Risk Notice:
Everything provided by trademasterindicator – from scripts, tools, and articles to educational materials – is intended solely for educational and informational purposes. Past performance does not assure future returns.
Daily Range Support & Resistance Levels [QuantVue]The Daily Range Support & Resistance Levels is an advanced analytical tool designed to assess daily price movements and provide potential support and resistance levels.
This tool examines the average daily price fluctuations over the past 150 trading days, and creates support and resistance levels based on the opening price.
The indicator also considers a standard deviation multiplier.
This enables traders and investors to identify potential price zones.
The support and resistance levels are dynamically updated every day.
Users can also choose to view previous daily levels as well.
Customizable settings for this tool include:
-Averaging Period: Adjust the number of days to calculate the average daily range.
-Standard Deviation Multiplier: Modify the standard deviation multiplier to fine-tune the sensitivity of the support and resistance levels. A higher multiplier will result in wider levels, accommodating higher price fluctuations.
-Toggle Support & Resistance Prices: Easily switch on or off the display of support and resistance price levels.
-Show Daily Open Line: Display the daily opening price as a reference point on the chart.
-Show Previous Levels: Choose whether to display past daily support and resistance levels.
Note: this indicator works best on 5 or 15 minute charts.
Give this indicator a BOOST and COMMENT your thoughts!
We hope you enjoy.
Cheers.
Sector Spaghetti [CE]Sector Spaghetti
An overlay indicator for multiple sectors that is configurable for multi asset configuration to track the returns of sectors in the market.
The tool provides three different viewing modes for returns; a rolling bar lookback, a specific data and time anchor, and a visible range.
Included is a pre built list of sectors created by none other than DaanCryptoTrades, the list includes a large range of sectors to cover the depth of the market as a whole.
Additionally a pre configured custom sectors list has been provided, we have included Daan's custom list within the custom sectors but provided the use of an additional feature "weight".
The weight feature is an intuitive method of applying importance to assets in there relevant sectors, we have used this as an opportunity to show the ability of creating market cap weighted sectors to balance the assets accordingly. This can provide useful in sectors where a low market cap + high beta asset could typically skew the results in one direction even if the remainder of the sector may be performing differently.
Non Market Cap:
Meme and Dex seem to be performing similarly
Market Cap:
Assets weighted via market cap shows relatively Meme sector is out performing
We have also added an optional table to the right of the screen so that the trader can clearly see outperforming assets. This table is toggleable using radio buttons within the Style menu. Updating the code we have provided users the ability to customize the table to further improve readability of the Text and reduce screen noise where needed.
To improve asset visibility, the script also calculates the 'long tail' of the list distribution and automatically lowers the visibility of clustered assets in the centre.
To Do
Alerts for sector performance
CoinFxPro Range indicator V 1.0This indicator has a structure that combines daily and weekly pivot levels, moving averages, and strength index-linked oscillators. The purpose of the indicator is designed to analyze price movements and identify potential trend reversals. Daily pivot levels are helpful in identifying critical support and resistance zones, while moving averages and oscillators indicate overbought or oversold situations in the price.
It is very simple to use and simple in appearance.
Triangular Signals appearing on the chart screen come when the price touches the daily or weekly support and resistance levels.
If you want the signals to be received less or more healthy, I added the filtering feature. In this way, you can filter the incoming signals through the volume or volatility filter, so that less signals are received.
On the other hand, the 4 timeframe rsi values of the price for daily use of the indicator are also given in the table.
You can change the RSI timeframes as you wish.
In this way, it is seen more clearly whether the signal is healthy and provides convenience while trading.
Evaluation of incoming signals;
First of all, when the signal occurs, pay attention to whether the RSI values that occur in the timeframe you trade and in other timeframes are overbought (red) or oversold (green).
When the signal comes, I buy or sell, especially if the RSI values in the 5 minutes, 15 minutes and 1 hour time periods are overbought or oversold.
If you wish, you can try a different strategy for yourself.
After the healthiest of the signals on the chart comes, the RSI values are also at overbought or oversold levels in 5-15 minutes and 1 hour timeframes and if there is a Trendline line above or below the price, it is out of that region.
A healthy buying or selling transaction can be made.
It should be noted that since risk = return, high risk means high return. High risk must be taken for high returns. Therefore, I recommend that you do not exceed 10% of your capital as margin when trading with leverage.
When trading, I always recommend trading with additional confirmation from a different indicator.
I also added a filtering feature to the indicator to block market structure related variables. Those who want to use can also use filtering.
I have added the automatic trendline for ease of trading. You can increase or decrease the number of trend lines as you wish.
I just published the indicator for daily use.
BE - Spread_IndicatorSpread Indicator: An Overview Driven by the concept of forethought. The indicator predicts the range for the day and divides it into two or three Levels (upper, middle, and lower).
These ranges are drawn from possible supply and demand zones as well as potential price consolidation zones which has happend in the rolling number of days in the past.
It's true that market respects history. Which means the zones which are untested and created new in recent past shall be respected in the future days. Also the most respected Zones switch between support and resistance based on the price and volume pumped into the market.
Calucations Involved In the Indicator:
Indicator takes into account Factrol points, Fibonachi and its Retracements along with Channel and Candle Ranges to calculate the levels accordingly.
Levels Information:
Levels should be Treated and Traded the way like POC (Point Of Control). Price within the levels are basically controled by the levels above and underneath.
Converting idea to TradeOpportunity:
One can look into deploying IronCondor, while it is within the Zone also One Can deploy Long Straddle when the levels are Tested.
My personal Observation not a Trade Recommendation
With an Option Buyer view, I have been testing this indicator on the Index (BankNifty, FinNifty & Nifty) on 5 Min TF and 15 Min TF. Banknifty Works Well with Bull & Bear Spreads and FinNifty along with Nifty Works Well with Long Straddle & Long Strangle.
Happy to receive Suggesstions and feedback to improvise it with better option strategy.
Features:
1. Integrated with NLB for AlgoTrading.
2. Timely Alerts for Levels, Formation, Breach, TestOf Levels, CrossOvers.
3. Position Can be traded as CarryForward or Intraday.
Mondays Range screener by B1rdIntroducing the long awaited Monday Range Screener by B1rd!
The Monday Range Screener is a powerful and intuitive indicator designed to help traders identify potential range trading opportunities based on Monday's price ranges. With user-friendly features and real-time data, this screener empowers you to make informed trading decisions.
Key Features:
Ticker Flexibility: The screener allows you to easily swap tickers, giving you the freedom to monitor and analyze multiple assets of your choice.
Comprehensive Information: The indicator displays essential data in a clear and organized manner. The left column shows the ticker symbol, followed by the current price, Monday's high, Monday's low, and Monday's average in the subsequent columns.
Range Trading Highlighting: The Monday Range Screener highlights the current price when it falls within Monday's high and low range, helping you quickly identify potential range trading opportunities.
Alert System: With the built-in alert feature, you can receive timely notifications whenever the current price enters Monday's high or low range. Stay on top of market movements even when you're away from the screen.
Get ready to take your trading to the next level with the Monday Range Screener by B1rd. This reliable indicator helps you identify range trading opportunities and stay informed about Monday's price ranges. Enhance your trading approach and make confident decisions using this powerful tool.
Important note: Please be aware that there is a known bug in certain chart layouts that may cause an array error and prevent the table from being plotted. The cause of this issue is unclear at the moment. However, based on my experience, there are a few potential solutions that you can try:
Set all the sources to a single asset, such as BTCUSDT. If this workaround works, you can gradually introduce new sources one by one and observe if the issue persists.
Experiment with different chart layouts, timeframes, and assets. Sometimes, applying the Monday Range Screener to alternative settings can help resolve the problem.
I apologize for any inconvenience this bug may cause. Please consider these workarounds as temporary solutions until a more permanent resolution can be found.
Original indicator this screener is based on:
Price Deviation Indicator (PDI)Management
The Price Deviation Indicator (PDI) was developed by "DimArt". This indicator allows you to determine the percentage deviation of the price from its average value over a certain period of time. The larger the deviation, the higher the histogram on the indicator chart. The PDI indicator can be useful for identifying a trend reversal in combination with other technical indicators, such as RSI, MACD, and others. For example, if the RSI and MACD indicators show the beginning of a possible trend reversal, using the PDI indicator can confirm this signal by showing the deviation of the current price from the average price. This can help the trader make more accurate trading decisions based on a strong signal.
Description
To calculate the values of the "Price Deviation Indicator" (PDI), we use the following steps:
• Determine the "Period" variable, which specifies the number of bars used to calculate the average price. (Default value is 20)
• Calculate the average price over the specified period using the "sma()" (simple moving average) function.
• Calculate the percentage difference between the current price and the average price using the formula: ((close - avg_price) / avg_price) * 100 .
• Set levels to change the color of the histogram based on price deviation from the average value. "Histogram Color" is a parameter to customize the color of the histogram based on deviation levels. By default, if the deviation is more than 5%, the histogram will be red; if it is less than -5%, it will be green, and for all other deviations, it will be blue. However, this parameter can be changed to other values.
• Draw a histogram of price change relative to the average value. The "Style" parameter allows you to choose the style of the indicator (histogram). By default, the "Histogram" style is set, but you can also select "Line on Close" or "Line on Open".
Application of the Indicator
The PDI indicator is based on the assumption that the price of any asset always tends to its mean value. Using PDI on higher timeframes allows you to determine the overall market trend, whereas on smaller timeframes, situations can be found when the price is in negative territory, and the histogram starts to smoothly transition from negative to positive value. This can be a signal to buy, as the price is likely in an oversold condition and ready to change its trend. On the other hand, if the strength of the price slows down or begins to approach 0, this may indicate that the asset is overbought and starting to turn towards oversold, which is a signal to sell. A beautiful feature of the PDI indicator is its simplicity and conciseness, which allows you to quickly and easily identify a trend change and make trading decisions based on a strong signal.
Conclusion
The "Price Deviation Indicator" (PDI) can be useful in analyzing price movements in the market. It allows you to calculate the relative difference between the current price and the average price, allowing you to identify market saturation and change in trend. The indicator can be used in technical analysis to make decisions about buying or selling assets on the exchange. It can also be useful for traders of different levels of experience, as its settings can be adapted depending on the user's needs and requirements. Overall, this indicator is one of the tools that can help in analyzing price and volumes to determine possible investment prospects in assets.
ATRLevels 1.0.0The indicator shows the average daily ATR for the past N days from the beginning of the current session. The range is displayed using levels. If the price has approached the level of 100% or -100% it means that the price has passed its average distance and it is possible to consider points for price reversal. This can be confirmed by daily or weekly horizontal resistance/support levels.
If the price has approached the levels of 25%, 50% or 75% and there are hourly or daily extrema at these levels, then we can consider situations on a false stabbing of these levels and a price pullback in the opposite direction.
*The best confirmation of a bounce/reversal is the density in the scalper's stack.
Settings:
ATR Daily length - number of periods to calculate the daily ATR
100% lines - visual design of 100% and -100% levels
50% lines - visual design of the 50% level
25% and 75% lines - visual design of 25% and 75% levels
Previous Day ValuesSay hello to the Previous Day Values Indicator, your new best friend in the world of trading. This script, written in the powerful Pine Script version 5, is designed to keep you informed about essential price levels from the previous day's trading session, right on your TradingView chart.
Here's how it works:
The script creates horizontal lines on your chart to represent the previous day's high, low, close, and VWAP (Volume Weighted Average Price) levels. Each level is color-coded for easy identification – red for the high, green for the low, blue for the close, and yellow for the VWAP. The lines extend to the right edge of the chart, allowing you to gauge where the current price stands in relation to these crucial levels.
But what makes this script unique is its ability to update dynamically with each new trading day. At the start of a new day, the script clears the lines from the previous day and draws new ones based on the latest data. It uses the request.security function to fetch the previous day's data for the current symbol, so you can rest assured that your information is always up-to-date.
There's also an added layer of customization built into this script. We understand that different traders might want to focus on different things, which is why we've included toggle options for each value. You can choose whether to display the previous day's high, low, close, or VWAP values, or any combination thereof. Just head to the settings and switch on/off the values you want to see.
The labels for these lines are placed further to the right of the screen for easy reading, without cluttering your chart. And if you're worried about distinguishing between them, don't be! Each label is color-matched to its corresponding line, so you'll know at a glance which is which.
In summary, the Previous Day Values Indicator is a versatile tool that can help you keep track of key price levels from the past trading day. Whether you're a seasoned trader or a beginner, this script is sure to be a valuable addition to your toolkit. Happy Trading!
Oscillator Profile IndicatorDescription:
The Oscillator Profile Indicator (OPI) is designed to provide insights into market trends and potential reversal points by profiling the value distribution of an oscillator or the price chart over a specified lookback period.
The OPI works by calculating the Point of Control (PoC) for the oscillator values or prices in the given lookback period. This PoC, essentially a median, is considered the fair value where most trading activities have happened. Along with this, OPI also calculates lower and upper boundaries by taking the specified percentile of the sorted distribution of values. These boundaries outline the value area within which a significant portion of trading activity has occurred.
The main feature of the OPI is the interpretation of PoC movement and how it relates to general market trends. If the PoC moves above 0 on the oscillator, it's a potential indication that we are in a general uptrend. Conversely, if the PoC moves below 0, this can be a signal for a general downtrend.
Usage:
While OPI can be used on both price charts and oscillators, its effectiveness is more pronounced when used on oscillators. Applying this indicator to oscillators such as the Relative Strength Index (RSI) or the Moving Average Convergence Divergence (MACD) can provide useful insights.
How to Read:
PoC line: The line represents the median of the past 'n' periods. Its movement above or below 0 can be used to identify general uptrends or downtrends respectively.
Upper and Lower Boundary lines: These lines represent the specified percentile of the value distribution in the lookback period.
Colored Fills: The fills between the upper and lower boundary lines visually represent the value area. The color changes based on the relative position of the source value (price or oscillator value) to the PoC.
Signals:
An uptrend is indicated when the PoC moves above 0 on the oscillator, especially when coupled with an upward crossover of the source value through the PoC.
A downtrend is signaled when the PoC drops below 0 on the oscillator, particularly when paired with a downward crossover of the source value through the PoC.
(!) Note: Like all indicators, OPI should be used in conjunction with other technical analysis tools for the best results. It is also advisable to backtest this indicator with your strategy before using it in live trading.
ICT - NY Session Open + Daily High/Low Markers [1m Chart]For ICT lovers, this marks the swing low, swing high of NY opening so you can scalp the open.
