Red Candles with Green Precedent
**Title**: Red Candles with Green Precedent Indicator
**Description**:
This TradingView indicator is designed to help traders identify potential reversal or continuation patterns based on the appearance of consecutive red candles following a green candle. The script marks a region starting from a green candle that precedes at least four consecutive red candles, extending a box forward for a predefined number of bars to analyze the continuation of the trend.
**Key Features**:
- **Consecutive Red Candles Detection**: The indicator counts consecutive red candles that close lower than they open.
- **Initial Green Candle Identification**: Identifies the last green candle before a series of red candles begins. This green candle must close higher than it opens.
- **Visual Box Extension**: Creates a visual box from the open to the high of the green candle and extends it forward to highlight the period of interest.
- **Dynamic Box Termination**: Optionally terminates the box early if a significant green candle appears within the extension period, suggesting a potential reversal.
**Usage**:
1. **Setup**: Apply the indicator to any chart in TradingView. Adjust the number of consecutive red candles to track based on your trading strategy.
2. **Interpretation**: A visual green box will appear when the criteria are met. This box helps focus on the price action following a potentially significant green candle. Traders should watch for price actions within and around the box to make informed decisions.
3. **Alerts**: Consider setting alerts for when a new box is created or when a significant green candle forms that might terminate the box early, indicating potential market movements.
**Suitable for**: This indicator is suitable for traders looking for visual cues about potential bearish exhaustion or the setup for a bullish reversal, particularly in volatile markets.
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Feel free to customize the description and features according to any additional details or personal insights you might want to include based on your trading experience or the specific behaviors of the markets you track.
**Disclaimer**:
This script is provided as a tool for trading analysis and is not intended to be used as the sole basis for any trading decisions. While this indicator aims to identify potential trading opportunities, its effectiveness can depend on market conditions and individual trading strategies. Users should conduct their own research and consult with professional advisors before making any investment decisions. The creator of this script assumes no responsibility for any potential financial losses incurred from using this indicator. Trading in financial markets involves risk, and it is possible to lose more than your initial investment.
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Pivot points and levels
Pivot Profit Target [Mxwll]Introducing the Pivot Profit Target!
This script identifies recent pivot highs/lows and calculates the expected minimum distance for the next pivot, which acts as an approximate profit target.
The image above details the indicator's output.
The image above shows a table consisting of projection statistics.
How to use
The Pivot Profit Targets can be used to approximate a profit target for your trade.
Identify where your entry is relative to the most recent pivot, and assess whether the minimum expected distance for the most recent pivot has been exceeded. Treat the zones as an approximation.
If your trade aligns with the most recent pivot - treat the minimum expected distance zone as a potential profit target area. Of course, price might stop short or continue beyond the projection area!
That's it! Just a short and sweet script; thank you!
Reversal Pivot PointsThis indicator aims to identify price levels where price action has quickly reversed from. These "pivots" establish major levels where major liquidity is located. Unlike standard support and resistance levels, when price breaks below or above a pivot, these pivots disappear from the chart. Comes with various customization features built to fit all.
Features
Pivot Timeframe: Identify and plot pivots from one specific timeframe and see it from all lower timeframes
Pivot left/right bar limit: A feature aimed at preventing false pivots identification
Remove On Close (ROC): Feature to only remove pivots once price close under it
ROC Timeframe: The timeframe the script uses to determine if the candle closed under the level
Wait For Close: Will only remove the pivot after the current candle closes
Line Extension Type: The extension of the line. None - extends line to current time, left - only extends line to the left, right - only extends line to the right, both - extends line both directions
Line Offset: How much to offset (in bars) the line and label from the current candle
Line Type: The style of line when plotted. Solid (─), dotted (┈), dashed (╌), arrow left (←), arrow right (→), arrows both (↔)
Display Level: Whether to or not to display the price of the pivot
Display Perfect Level: Whether to or not to display levels where price perfectly rejected off of
Alerts: Creates an alert when a level has been crossed
How to trade
1. Pivots can be traded to or from. The stock market (market makers) will tend to "chase" liquidity in order to fill orders at better averages. This allows us retail traders to to participate alongside these moves to these pivots. Once price action hits a pivot, it can do two things: break the pivot and continue or bounce off it. We can participate alongside these bounces after confirmation of a reversal (doji, volume, etc). These bounce plays are high risk as it's generally 50-50, but the risk to reward is typically also very high, making them very valuable to take.
2. Typically, the market is a fluid environment and should be "natural," so perfect things (manmade and filled with liquidity) should not occur. With this knowledge, we can expect these perfect levels, "PDT/PDB," to break as they are not natural occurrence and have heavy liquidity on and above/below them. We can trade to these levels and expect them to break/sweep if price action comes near them again.
Bilson Gann CountGann counting is a method for identifying swing points,trends, and overall market structure. It simplifies price action by drawing short trend lines that summarize moves.
There's essentially 4 types of bar/candle.
Up bar - Higher high and higher low than previous bar
Down bar - Lower high and lower low than previous bar
Inside bar - Lower high and higher low than previous bar
Outside bar - Higher high and lower low than previous bar
We use these determinations to decide how the trendline moves through the candles.
Up bars we join to the high, down bars we join to the low, inside bars are ignored.
There are other indicators that already exist which do this, the difference here is how we handle outside bars.
Other gann counting methods skip outside bars, this method determines how to handle the outside bar after the outside bar is broken.
examples
UP -> OUTSIDE -> UP = Outside bar treated as swing low
UP -> OUTSIDE -> DOWN = Outside bar treated as swing high
DOWN -> OUTSIDE -> UP = Outside bar treated as swing low
DOWN -> OUTSIDE -> DOWN = Outside bar treated as swing high
Bullish Candlestick Patterns With Filters [TradeDots]The "Bullish Candlestick Patterns With Filters" is a trading indicator that identifies 6 core bullish candlestick patterns. This is further enhanced by applying channel indicator as filters, designed to further increase the accuracy of the recognized patterns.
6 CANDLESTICK PATTERNS
Hammer
Inverted Hammer
Bullish Engulfing
The Piercing Line
The Morning Star
The 3 White Soldiers
SIGNAL FILTERING
The indicator incorporates with 2 primary methodologies aimed at filtering out lower accuracy signals.
Firstly, it comes with a "Lowest period" parameter that examines whether the trough of the bullish candlestick configuration signifies the lowest point within a specified retrospective bar length. The longer the period, the higher the probability that the price will rebound.
Secondly, the channel indicators, the Keltner Channels or Bollinger Bands. This indicator examines whether the lowest point of the bullish candlestick pattern breaches the lower band, indicating an oversold signal. Users have the flexibility to modify the length and band multiplier, enabling them to custom-tune signal sensitivity.
Without Filtering:
With Filtering
RISK DISCLAIMER
Trading entails substantial risk, and most day traders incur losses. All content, tools, scripts, articles, and education provided by TradeDots serve purely informational and educational purposes. Past performances are not definitive predictors of future results.
London Killzone + Deviations[MK]For traders that use the London Killzone session high/low to project possible take profit targets.
The indicator will determine the current day London killzone high and low range and draw a range box to the right of the last candle on the chart. Drawing to the right of the chart keeps the workspace cleaner.
The high/low range is then used to project Standard Deviation levels above and below the London range.
Levels projected are +/- 1, 2, 2.5, 3, 4.
Users of the script should conduct proper backtesting using a large data range before applying to live accounts.
HT: Weekly LevelsIndicator draws several most important weekly levels on the lower timeframe: last week high/low, halfback, week close and current week open. These levels often act as support/resistance for price movements. Also, they can help to assess week character and control of power.
Indicator can be used on any timeframe, lower than weekly, for any type of instrument, including futures. It also provides an option to draw levels for any selected week back in time.
Important notes:
• Levels for the last week are drawn after the new week opens.
• Half-back is calculated as a middle line between week High and Low.
Parameters:
Date – user can select date, belonging to week, for which levels will be plotted. Works only if “Use” check box is on. Otherwise, levels will be plotted for the last week. (“time” value doesn’t matter; unfortunately, there is no way to hide the input box)
Time zone – your chart time zone (as UTC offset). Only needed if you use “Date” parameter.
Visuals – controls visibility and colors
Script is published as an open source. It uses two libraries: Levels Lib and Functions Lib. First one demonstrates how to work with pine-script object model and arrays. You can also reuse it in your custom scripts where there is need to construct any support/resistance levels. The second library contains some useful functions for working with time and dates.
Disclaimer
This indicator should not be used as a standalone tool to make trading decisions but only in conjunction with other technical analysis methods.
Market Structure RSIDescription:
The Market Structure RSI is an innovative indicator that combines the power of the Relative Strength Index (RSI) with market structure analysis to provide a unique perspective on the market. This indicator helps traders identify potential trend reversals and trading opportunities by analyzing the underlying market structure and generating overbought and oversold signals.
Key Features:
RSI Calculation: The indicator calculates a custom RSI based on the market structure, taking into account the formation of higher highs and lower lows. This unique approach to RSI calculation provides a more accurate representation of the market's strength and weakness.
Overbought and Oversold Levels: Users can customize the overbought and oversold levels according to their preferences. When the Market Structure RSI crosses above the oversold level, it generates a bullish signal, suggesting a potential long entry. Conversely, when the RSI crosses below the overbought level, it generates a bearish signal, indicating a potential short entry.
Moving Average: The indicator includes an optional moving average of the Market Structure RSI, which can be used to smooth out the RSI line and provide additional confirmation of trend reversals. Users can choose between EMA, SMA, and WMA and adjust the length of the moving average.
Customizable Close Type: The indicator allows users to define whether the market structure is deemed broken based on the candle close or the candle high/low. This flexibility enables traders to adapt the indicator to their preferred trading style and market conditions.
Visual Enhancements: The Market Structure RSI features gradient fills between the RSI line and the overbought/oversold levels, providing a clear visual representation of the market's strength. Additionally, the indicator plots bullish and bearish signals as circles on the RSI line, making it easy to identify potential entry points.
How to Use:
Add the Market Structure RSI to your chart and customize the settings according to your preferences, such as the RSI length, overbought and oversold levels, and moving average type and length.
Monitor the Market Structure RSI for crossovers above the oversold level or below the overbought level. A bullish signal occurs when the RSI crosses above the oversold level, while a bearish signal occurs when the RSI crosses below the overbought level.
Use the signals generated by the Market Structure RSI in conjunction with other technical analysis tools and price action patterns to confirm potential trade entries. The indicator works well as a complementary tool to support your existing trading strategy.
Consider the overall trend and market context when interpreting the signals generated by the Market Structure RSI. The indicator is most effective in trending markets and may produce less reliable signals in choppy or ranging market conditions.
Utilize sound risk management principles, such as setting appropriate stop-loss and take-profit levels, when trading based on the Market Structure RSI signals.
The Market Structure RSI offers a fresh perspective on the classic RSI indicator by incorporating market structure analysis. By combining the power of RSI with the identification of higher highs and lower lows, this indicator provides traders with a valuable tool for identifying potential trend reversals and trading opportunities. Whether you are a seasoned trader or just starting out, the Market Structure RSI can be a valuable addition to your technical analysis toolkit.
Momentum ProfileProfile market behavior in horizontal zones
Profile Sidebar
Buckets pointing rightward indicate upward security movement in the lookahead window at that level, and buckets pointing leftward indicate downward movement in the lookahead window.
Green profile buckets indicate the security's behavior following an uptrend in the lookbehind window. Conversely, Red profile buckets show security's behavior following a downtrend in the lookbehind window. Yellow profile buckets show behavior following sideways movement.
Buckets length corelates with the amount of movement measured in that direction at that level.
Inputs
Length determines how many bars back are considered for the calculation. On most securities, this can be increased to just above 4000 without issues.
Rows determines the number of buckets that the securities range is divided into.
You can increase or decrease the threshold for which moves are considered sideways with the sideways_filter input: higher means more moves are considered sideways.
The lookbehind input determines the lookbehind window. Specifically, how many bars back are considered when determining whether a data point is considered green (uptrend), red (downtrend), or yellow (no significant trend).
The lookahead input determines how many bars after the current bar are considered when determining the length and direction of each bucket (leftward for downward moves, rightward for upward moves).
Profile_width and Profile_spacing are cosmetic choices.
Intrabar support is not current supported.
Region Highlighting
Regions highlighted green saw an upward move in the lookahead window for both lookbehind downtrends and uptrends. In other words, both red and green profile buckets pointed rightward.
Regions highlighted red saw a downward move in the lookahead window both for lookbehind downtrends and uptrends.
Regions highlighted brown indicate a reversal region: uptrends were followed by downtrends, and vice versa. These regions often indicate a chop range or sometimes support/resistance levels. On the profile, this means that green buckets pointed left, and red buckets pointed right.
Regions highlighted purple indicate that whatever direction the security was moving, it continued that way. On the profile, this means that green buckets pointed right, and red buckets pointed left in that region.
BBSR Extreme Strategy [nachodog]The Bollinger Bands Stochastic RSI Extreme Strategy is a comprehensive trading approach designed for use on the TradingView platform, employing a combination of Bollinger Bands and the Stochastic RSI to identify potential entry and exit points in the market. This strategy is converted into Pine Script version 5 and is specifically tailored as a strategy rather than a mere study, allowing traders to simulate and backtest their trades within the TradingView environment.
Strategy Overview:
Bollinger Bands serve as the primary tool for volatility and price level analysis. By calculating the standard deviation of price movements around a simple moving average (SMA), this strategy identifies the upper and lower bounds of price fluctuations, helping traders spot potential reversal points.
Stochastic RSI is used to gauge the momentum by comparing the closing price's position relative to its price range over a certain period. This indicator helps in determining overbought or oversold conditions, providing insights into potential bullish or bearish momentum.
Entry Signals:
Bullish Entry: The strategy signals a long entry when the price moves from below to above the lower Bollinger Band, coupled with a Stochastic RSI indicating an exit from oversold conditions. This suggests an uptrend initiation, prompting a buy order.
Bearish Entry: Conversely, a short entry is signaled when the price drops from above to below the upper Bollinger Band while the Stochastic RSI moves from overbought territory. This condition indicates a potential downtrend, triggering a sell order.
Exit Criteria:
Stop Loss: A key feature of this strategy is the inclusion of a user-defined stop loss percentage, which helps manage risk by specifying the maximum allowable loss per trade.
Bearish Exit for Long Positions: Long positions are exited either when a bearish signal is detected or when the price crosses below the lower Bollinger Band, suggesting a reversal or weakening of the bullish trend.
Bullish Exit for Short Positions: Short positions are closed upon a bullish signal or when the price crosses above the upper Bollinger Band, indicating a potential reversal or diminishing bearish momentum.
Strategy Benefits:
The strategy provides a structured framework for entering and exiting trades, leveraging the strengths of both Bollinger Bands and Stochastic RSI.
It includes parameters for customization, such as the stop loss percentage, allowing traders to align the strategy with their risk tolerance and trading objectives.
The ability to backtest and simulate trades on TradingView enhances its utility, offering insights into the strategy's performance under historical market conditions.
Overall, the Bollinger Bands Stochastic RSI Extreme Strategy is designed for traders who seek to capitalize on trend reversals and momentum shifts, with built-in risk management features to safeguard against significant losses.
BINANCE-BYBIT Cross Chart: Spot-Perpetual CorrelationName: "Binance-Bybit Cross Chart: Spot-Perpetual Correlation"
Category: Scalping, Trend Analysis
Timeframe: 1M, 5M, 30M, 1D (depending on the specific technique)
Technical analysis: This indicator facilitates a comparison between the price movements shown on the Binance spot chart and the Bybit perpetual chart, with the aim of discerning the correlation between the two charts and identifying the dominant market trends. It automatically generates the corresponding chart based on the ticker selected in the primary chart. When a Binance pair is selected in the main chart, the indicator replicates the Bybit perpetual chart for the same pair and timeframe, and vice versa, selecting the Bybit perpetual chart as the primary chart generates the Binance spot chart.
Suggested use: You can utilize this tool to conduct altcoin trading on Binance or Bybit, facilitating the comparison of price actions and real-time monitoring of trigger point sensitivity across both exchanges. We recommend prioritizing the Binance Spot chart in the main panel due to its typically longer historical data availability compared to Bybit.
The primary objective is to efficiently and automatically manage the following three aspects:
- Data history analysis for higher timeframes, leveraging the extensive historical data of the Binance spot market. Variations in indicators such as slow moving averages may arise due to differences in historical data between exchanges.
- Assessment of coin liquidity on both exchanges by observing candlestick consistency on smaller timeframes or the absence of gaps. In the crypto market, clean charts devoid of gaps indicate dominance and offer enhanced reliability.
- Identification of precise trigger point levels, including daily, previous day, or previous week highs and lows, which serve as sensitive areas for breakout or reversal operations.
All-Time High (ATH) and All-Time Low (ATL) levels may vary significantly across exchanges due to disparities in historical data series.
This tool empowers traders to make informed decisions by leveraging historical data, liquidity insights, and precise trigger point identification across Binance Spot and Bybit Perpetual market.
Configuration:
EMA length:
- EMA 1: Default 5, user configurable
- EMA 2: Default 10, user configurable
- EMA 3: Default 60, user configurable
- EMA 4: Default 223, user configurable
- Additional Average: Optional display of an additional average, such as a 20-period average.
Chart Elements:
- Session separator: Indicates the beginning of the current session (in blue)
- Background: Indicates an uptrend (60 > 223) with a green background and a downtrend (60 < 223) with a red background.
Instruments:
- EMA Daily: Shows daily averages on an intraday timeframe.
- EMA levels 1h - 30m: Shows the levels of the 1g-30m EMAs.
- EMA Levels Highest TF: Provides the option to select additional EMA levels from the major timeframes, customizable via the drop-down menu.
- "Hammer Detector: Marks hammers with a green triangle and inverted hammers with a red triangle on the chart
- "Azzeramento" signal on TF > 30m: Indicates a small candlestick on the EMA after a dump.
- "No Fomo" signal on TF < 30m: Indicates a hyperextended movement.
Trigger Points:
- Today's highs and lows: Shows the opening price of the day's candlestick, along with the day's highs and lows (high in purple, low in red, open in green).
- Yesterday's highs and lows: Displays the opening price of the daily candlestick, along with the previous day's highs and lows (high in yellow, low in red).
You can customize the colors in "Settings" > "Style".
It is best used with the Scalping The Bull indicator on the main panel.
Credits:
@tumiza999: for tests and suggestions.
Thanks for your attention, happy to support the TradingView community.
Market Structure Volume Distribution [LuxAlgo]The Market Structure Volume Distribution tool allows traders to identify the strength behind breaks of market structure at defined price ranges to measure de correlation of forces between bulls and bears visually and easily.
🔶 USAGE
This tool has three main features: market structure highlighting, grid levels, and volume profile. Each feature is covered more in depth below:
🔹 Market Structure
The basic unit of market structure is a swing point, the period of the swing point is user-defined, so traders can identify longer-term market structures. Price breaking a prior swing point will confirm the occurrence of a market structure.
The tool will plot a line after a market structure is confirmed, by default the lines on bullish MS will be green (indicative of an uptrend), and red in case of bearish MS (indicative of a downtrend).
🔹 Grid Levels
The Grid visually divides the price range contained inside the tool execution window, into equal size rows, the number of rows is user-defined so users can divide the full price range up to 100 rows.
The main objective of this feature is to help identify the execution window and the limits of each row in the volume profile so traders can know in a simple look what BoMS belongs to each row.
There is however another use for the grid, by dividing the range into equal-sized parts, this feature provides automatic support and resistance levels as good as any other.
Grid provides a visual help to know what our execution window is and to associate MS with their rows in the profile. It can provide S/R levels too.
🔹 Volume Profile
The volume profile feature shows in a visually easy way the volume behind each MS aggregated by rows and divided into buy and sell volume to spot the differences in a simple look.
This tool allows users to spot the liquidity associated with the event of a market structure in a specific price range, allowing users to know which price areas where associated with the most trading activity during the occurrence of a market structutre.
🔶 SETTINGS
🔹 Data Gathering
Execute on all visible range: Activate this to use all visible bars on the calculations. This disables the use of the next parameter "Execute on the last N bars". Default false.
Execute on the last N bars: Use last N bars on the calculations. To use this parameter "Execute on all visible range" must be disabled. Values from 20 to 5000, default 500.
Pivot Length: How many bars will be used to confirm a pivot. The bigger this parameter is the fewer breaks of structure will detect. Values from 1, default 2
🔹 Profile
Profile Rows: Number of rows in the volume profile. Values from 2 to 100, default 10.
Profile Width: Maximum width of the volume profile. Values from 25 to 500, default 200.
Profile Mode: How the volume will be displayed on each row. "TOTAL VOLUME" will aggregate buy & sell volume per row, "BUY&SELL VOLUME" will separate the buy volume from the sell volume on each row. Default BUY&SELL VOLUME.
🔹 Style
Buy Color: This is the color for the buy volume on the profile when the "BUY&SELL VOLUME" mode is activated. Default green.
Sell Color: This is the color for the sell volume on the profile when the "BUY&SELL VOLUME" mode is activated. Default red.
Show dotted grid levels: Show dotted inner grid levels. Default true.
Zone TP SL [By Gone]It creates a price zone for TP 3 Level, increasing from the price by 500 points and setting an SL zone of 500 points of the price.
You must enter the price range yourself, recommended to be 500 points apart.
1. select Type Bay And Sell
2. Input Price Start And End
suitable for gold
Made to help with hitting the price zone. For use in making decisions about trading.
Fib Pivot Points HLThis TradingView indicator allows users to select a specific timeframe (TF) and then analyzes the high, low, and closing prices from the past period within that TF to calculate a central pivot point. The pivot point is determined using the formula (High + Close + Low) / 3, providing a key level around which the market is expected to pivot or change direction.
In addition to the central pivot point, the indicator enhances its utility by incorporating Fibonacci levels. These levels are calculated based on the range from the low to the high of the selected timeframe. For instance, a Fibonacci level like R0.38 would be calculated by adding 38% of the high-low range to the pivot point, giving traders potential resistance levels above the pivot.
Key features of this indicator include:
Timeframe Selection: Users can choose their desired timeframe, such as weekly, daily, etc., for analysis.
Pivot Point Calculation: The indicator calculates the pivot point based on the previous period's high, low, and closing prices within the selected timeframe.
Fibonacci Levels: Adds Fibonacci retracement levels to the pivot point, offering traders additional layers of potential support and resistance based on the natural Fibonacci sequence.
This indicator is particularly useful for traders looking to identify potential turning points in the market and key levels of support and resistance based on historical price action and the Fibonacci sequence, which is widely regarded for its ability to predict market movements.
Example:
Suppose you're analyzing the EUR/USD currency pair using this indicator with a weekly timeframe setting. The previous week's price action showed a high of 1.2100, a low of 1.1900, and the week closed at 1.2000.
Using the formula ( High + Close + Low ) / 3 (High+Close+Low)/3, the pivot point would be calculated as ( 1.2100 + 1.2000 + 1.1900 ) / 3 = 1.2000. Thus, the central pivot point for the current week is at 1.2000.
The range from the low to the high is 1.2100 − 1.1900 = 0.0200 1.2100−1.1900=0.0200.
To calculate a specific Fibonacci level, such as R0.38, you would add 38% of the high-low range to the pivot point: 1.2000 + ( 0.0200 ∗ 0.38 ) = 1.2076 1.2000+(0.0200∗0.38)=1.2076. Thus, the R0.38 Fibonacci resistance level is at 1.2076.
Similarly, you can calculate other Fibonacci levels such as S0.38 (Support level at 38% retracement) by subtracting 38% of the high-low range from the pivot point.
Traders can use the pivot point as a reference for the market's directional bias: prices above the pivot point suggest bullish sentiment, while prices below indicate bearish sentiment. The Fibonacci levels act as potential stepping stones for price movements, offering strategic points for entry, exit, or placing stop-loss orders.
Pivot Length BandsPivot Length Bands Indicator
Description:
The Pivot Length Bands indicator is designed to visualize price volatility based on pivot points and ATR-adjusted pivot points. I. These bands can help traders identify potential support and resistance levels and assess the current volatility of the market.
Inputs:
Swing Length: The length of the swing used to calculate the pivot points and average true range.
Pivot Length Left Hand Side: The number of candles to the left of the current pivot point to consider when calculating the pivot high and low.
Pivot Length Right Hand Side: The number of candles to the right of the current pivot point to consider when calculating the pivot high and low.
Usage:
Traders can use the bands as potential levels for placing stop-loss orders or profit targets.
The width of the bands adjusts dynamically based on the current volatility of the market.
Note:
This indicator is best used in conjunction with other technical analysis tools and should not be relied upon as a standalone trading signal.
EXAMPLE 1:
Entry:
Exit:
EXAMPLE 2:
Entry:
Exit:
Fibonacci Entry SignalsЭтот индикатор "Fibonacci Entry Signals" помогает определить точки входа в покупку и продажу на основе уровней Фибоначчи и скользящей средней.
Ключевые особенности:
Уровни Фибоначчи: Индикатор рисует на графике несколько уровней Фибоначчи, таких как 38.2%, 50% и 61.8%. Эти уровни определяются на основе крайних точек цены за последние 100 баров. Уровень 0% соответствует самой низкой точке, а уровень 100% - самой высокой.
Точки входа: При наступлении условий входа в покупку или продажу, индикатор отмечает на графике точки входа в виде треугольников вверх или вниз соответственно. Условия входа в покупку определяются, когда цена пересекает уровень Фибоначчи 38.2% вверх и находится выше скользящей средней за последние 50 баров. Условия входа в продажу аналогичны, но цена пересекает уровень Фибоначчи 61.8% вниз.
Этот индикатор может быть полезен для трейдеров, которые используют уровни Фибоначчи в своей торговой стратегии и ищут точки входа в рынок. Однако, перед использованием на реальном счете, рекомендуется провести тщательное тестирование и адаптацию к своим индивидуальным потребностям и стратегии торговли.
Давайте рассмотрим, как пользоваться индикатором "Fibonacci Entry Signals":
Установка на график: Для начала необходимо добавить индикатор на график вашего торгового актива. Вы можете сделать это, выбрав его из списка индикаторов в торговой платформе.
Интерпретация уровней Фибоначчи: Индикатор отображает на графике несколько уровней Фибоначчи, таких как 38.2%, 50% и 61.8%. Понимание этих уровней поможет вам определить возможные точки входа в рынок. Обычно, уровень 38.2% используется как уровень поддержки, а уровень 61.8% - как уровень сопротивления.
Точки входа в покупку и продажу: Индикатор помогает определить моменты, когда можно войти в покупку или продажу. При наступлении условий входа в покупку, индикатор отмечает на графике точку входа в виде зеленого треугольника вверх. При наступлении условий входа в продажу, индикатор отмечает точку входа на графике в виде красного треугольника вниз.
Управление позициями: После получения сигнала от индикатора, решение о входе в позицию остается за вами. Важно помнить, что индикатор является только инструментом, который помогает в принятии решений, и его сигналы всегда следует подтверждать другими аспектами вашей торговой стратегии, такими как подтверждение другими индикаторами или анализ фундаментальных данных.
Тестирование и адаптация: Прежде чем использовать индикатор на реальном счете, рекомендуется провести тщательное тестирование на исторических данных и адаптировать его к своим индивидуальным торговым потребностям и стратегии.
Индикатор "Fibonacci Entry Signals" может быть полезным инструментом для трейдеров, которые используют уровни Фибоначчи в своей торговой стратегии и ищут точки входа в рынок.
his "Fibonacci Entry Signals" indicator helps identify entry points for buying and selling based on Fibonacci levels and moving averages.
Key features:
Fibonacci Levels: The indicator draws several Fibonacci levels on the chart, such as 38.2%, 50%, and 61.8%. These levels are determined based on the extreme price points over the last 100 bars. The 0% level corresponds to the lowest point, and the 100% level corresponds to the highest point.
Entry Points: When conditions for buying or selling occur, the indicator marks entry points on the chart as upward or downward triangles, respectively. Entry conditions for buying are determined when the price crosses above the 38.2% Fibonacci level and remains above the 50-bar moving average. Entry conditions for selling are similar, but the price crosses below the 61.8% Fibonacci level.
This indicator can be useful for traders who use Fibonacci levels in their trading strategy and look for entry points in the market. However, before using it on a real account, it is recommended to conduct thorough testing and adaptation to your individual trading needs and strategy.
Let's look at how to use the "Fibonacci Entry Signals" indicator:
Installation on the Chart: First, you need to add the indicator to the chart of your trading asset. You can do this by selecting it from the list of indicators in the trading platform.
Interpreting Fibonacci Levels: The indicator displays several Fibonacci levels on the chart, such as 38.2%, 50%, and 61.8%. Understanding these levels will help you identify potential entry points in the market. Usually, the 38.2% level is used as support, and the 61.8% level is used as resistance.
Entry Points for Buying and Selling: The indicator helps identify moments when you can enter buying or selling positions. When conditions for buying occur, the indicator marks the entry point on the chart as a green upward triangle. When conditions for selling occur, the indicator marks the entry point on the chart as a red downward triangle.
Position Management: After receiving a signal from the indicator, the decision to enter a position is up to you. It's important to remember that the indicator is just a tool to help you make decisions, and its signals should always be confirmed by other aspects of your trading strategy, such as confirmation from other indicators or fundamental analysis.
Testing and Adaptation: Before using the indicator on a real account, it's recommended to conduct thorough testing on historical data and adapt it to your individual trading needs and strategy.
The "Fibonacci Entry Signals" indicator can be a useful tool for traders who use Fibonacci levels in their trading strategy and look for entry points in the market.
Vanitati's Market Scope=========================================================
How to Use the Indicator
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Configuration: Begin by setting the session times to match your trading interests. Customize the colors and styles according to your preferences.
Observation: Watch for the high and low markers of each session to form the initial balance. Note how the price moves in relation to these levels.
Action: Pay special attention to God Candles and engulfing patterns, especially when they coincide with high volume. These may offer trading signals in line with your strategy.
Adjustment: Regularly review and adjust the settings (e.g., session times, lookback periods) based on market conditions and your trading performance.
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Initial Balance (IB) Settings:
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Purpose: Marks the high and low of a specific trading session to indicate the initial range of market movement.
Usage: Customize session times for New York (NY), London (LN), and Tokyo (TK) to see the initial balance of each. Colors for the high, low, and mid-point lines can be adjusted.
Practical Application: Traders can use these lines to gauge market volatility or breakouts outside of these initial ranges.
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Session Settings and Session Highlight Boxes
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Purpose: Highlights trading sessions with customizable background colors and border styles, allowing for a quick visual reference of market sessions.
Usage: Set the times for NY, London, and Tokyo sessions along with desired background colors to have these periods visually marked on the chart.
Practical Application: Helps in identifying the overlap between major market sessions and potential increases in trading volume and volatility.
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God Candle Settings
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Purpose: Identifies significantly large and voluminous candles, known as "God Candles", which could signal strong market movements.
Usage: Adjust the lookback period, line length, and volume criteria to define what constitutes a God Candle. These settings also allow for the display of diamonds on bars that meet certain criteria but are not classified as God Candles.
Practical Application: These candles can signal strong buying or selling pressure and might be used as potential entry or exit points based on the trader's strategy.
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Additional Features
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Session Time Filters: Allows for filtering signals based on the time of day, useful for focusing on specific market hours.
Engulfing Pattern Detection: The script includes logic to identify bullish and bearish engulfing patterns, adding another layer of analysis for potential trading opportunities.
Volume Analysis: Incorporates volume into the analysis of God Candles and engulfing patterns to identify significant market movements.
OHT Harmonic LevelsHarmonic Level plotter I've been talking about on the discord - right now a lot of this is manual and some day maybe we can get it to be automatic across different time frames but that is probably far off in the future.
For now, you need to probably create a new tab/layout for each instrument you add this to. It will then ask for the long start price and short start price. I would like to leave this how it is as I don't like using the top of pivot points, its lazy and you don't learn to go find the current trend.
The levels have an area around them equal to 10% of the rotation size, so if NQ has a rotation size of 60, there is a 6pt area around the actual level to either size to account for rotation average changes.
Key Levels SetKey Levels Set allows to set key levels as comma separated values, and to detect breaks to the downside and/or upside, taking into account potential gaps between bars.
This indicator can be very handy if you, like me, rely on some key levels that you identified as potential support/resistance from some technical analysis.
Features
+ It allows for key levels to be set as comma separated values.
+ It draws key levels on chart.
+ On close, it identifies highest key level that has been broken to the upside, if any.
+ On close, it identifies lowest key level that has been broken to the downside, if any.
+ In Cross mode, as bar is printing, it also detects highest/lowest key levels being broken to the upside/downside between bar high and low, if any.
+ It plots and labels breaks with current level and next level information.
+ It includes alerts from breaks on close.
+ It includes turn on/off functionality.
Settings
+ {Prices} checkbox: turns on/off entire functionality
+ {Prices} text field: comma separated values for key levels
+ {Breaks on} checkbox: turns on/off breaks detection functionality
+ {Breaks on} options: selects Close or Cross mode
[UST] Protein+Support/Resistance Script: A Comprehensive Overview
Thanks to Pmgjiv for providing the foundation to this improved Version.
In the world of trading, having a robust support and resistance analysis tool can make a significant difference in decision-making and overall strategy. Let's delve into the enhancements made to the support/resistance script and how each component contributes to a trader's arsenal:
Changes and improvements made for the script to help Traders make better rational decisions in their Trading:
1. Multiple Timeframes:
Integrating multiple timeframes into the analysis provides a multi-dimensional view of the market. Traders can now assess price action across different time horizons simultaneously. This feature allows for a deeper understanding of market dynamics and helps in identifying significant support and resistance levels across various timeframes.
2. Timeframe Labels Inside Zones:
By including timeframe labels within the zones, traders can easily identify the origin of each support or resistance level. This contextual information enhances clarity and facilitates more informed decision-making, especially when navigating through multiple timeframes.
3. Visual Zone Update:
Visual updates on zones enable traders to track changes in support and resistance levels in real-time. This dynamic feature enhances the analytical process by providing immediate insights into evolving market conditions, thereby enabling traders to adapt their strategies accordingly.
4. Zones Hit:
Understanding the frequency and intensity of zone hits offers valuable insights into the strength and relevance of support and resistance levels. Traders can gauge the significance of each zone based on its historical interaction with price, thereby gaining a deeper understanding of market sentiment and potential trading opportunities.
5. Option to Turn off Current Timeframe:
The ability to toggle off the current timeframe streamlines chart analysis by focusing only on the most critical support and resistance zones. This decluttering feature helps traders prioritize key levels, reducing cognitive overload and enhancing decision-making efficiency.
Explanation of Additional Functions:
a. Lookback:
The 'lookback' parameter allows traders to customize the age of support and resistance zones based on their trading style and preferences. By adjusting the lookback setting, traders can choose whether to prioritize recent price action or consider historical data, thus tailoring the analysis to their specific trading strategies.
b. Swinglength:
Swinglength determines the sensitivity of the support and resistance zones. By modifying this parameter, traders can control how aggressively the script identifies pivot points. A higher swinglength value results in smoother, more stable zones, whereas a lower value increases sensitivity, capturing smaller price movements.
c. ZigZag Indicator:
The ZigZag indicator plays a pivotal role in identifying significant price reversals. Its period setting determines the number of price bars considered before confirming a pivot point. Traders can utilize this indicator to identify key turning points in the market, aiding in the identification of robust support and resistance levels.
Impact of Sensitivity on Zones:
Adjusting the sensitivity of the ZigZag indicator directly influences the identification and delineation of support and resistance zones. Higher sensitivity levels result in fewer but more robust zones, capturing significant price movements. Conversely, lower sensitivity levels yield more zones, accommodating smaller price fluctuations but potentially introducing noise into the analysis.
d. S/R Range:
The ability to adjust the width of support and resistance zones allows traders to customize the breadth of key areas on a chart. Choosing a wider range encompasses a broader spectrum of prices, thereby identifying more comprehensive support and resistance levels. This flexibility enables traders to adapt their analysis to different market conditions and trading strategies.
Utilization in Trading:
Comprehensive Analysis: By incorporating multiple timeframes, traders gain a holistic view of market dynamics, enabling them to identify high-probability trading opportunities across various horizons.
Contextual Understanding: Timeframe labels within zones provide context, helping traders understand the significance of each level in relation to different timeframes and market conditions.
Real-time Adaptability: Visual zone updates facilitate real-time analysis, allowing traders to adjust their strategies promptly in response to changing market conditions.
Informed Decision-making: By considering zone hits, traders can assess the strength and relevance of support and resistance levels, enhancing their ability to make informed trading decisions.
Customized Analysis: Adjustable parameters such as lookback, swinglength, and sensitivity empower traders to tailor the analysis to their individual trading styles and preferences, enhancing precision and effectiveness.
In summary, these enhancements to the support/resistance script provide traders with a powerful toolkit for analyzing market dynamics, identifying key levels, and executing well-informed trading strategies across various timeframes and market conditions.
Market Structure AlgoThe "Market Structure Algo" (MS Algo) is a comprehensive tool developed by OmegaTools. This advanced indicator is designed to analyze the market's structure through a combination of pivot highs and lows, creating a nuanced understanding of potential market movements.
Core Functionality:
- Internal and External Market Structure (MS): The MS Algo differentiates between internal and external market structures by analyzing pivot points over different periods. This dual analysis allows for a deeper understanding of short-term and long-term market trends.
- Zone Distance and Visualization: The indicator introduces a novel approach to visualizing potential areas of interest or 'zones' around pivot points, adjustable through the 'Zone Distance' setting. This feature enhances the visual representation of zone created on the chart that can be used as a support and resistance area.
- Dynamic Signal Generation: Utilizing a comprehensive algorithm, the MS Algo identifies potential signals for entering and exiting trades based on the internal market structure. These signals are visually represented on the chart, aiding in decision-making. These signals are based on the acceptance and confirmed breakout or the refusal of the pivot points by the price.
Operational Mechanism:
- The MS Algo calculates pivot highs and lows over specified periods (input by the user) to determine the market's current structure. It then evaluates the market's position relative to these pivot points to assign a market structure score, which can range from bullish to bearish extremes.
- Signals for long and short positions, as well as exits, are generated based on the interaction between the close price and these pivot points.
- Additionally, the indicator plots zones around the moving average, adjusted for the ATR and the specified 'Zone Distance,' providing a visual guide to areas where the market might find support or resistance.
Usage Guidelines:
- To apply the MS Algo to your TradingView charts, adjust the 'Internal MS' and 'External MS' settings to align with your analysis preferences. The 'Zone Distance' input allows for customization of the zone visualization feature.
- The color-coded signals and zone fillings serve as guides to understanding the current market structure and potential areas of interest. These should be interpreted within the context of a broader trading strategy and risk management framework.
Understanding the Indicator's Originality:
The MS Algo stands out due to its unique blend of pivot analysis and zone visualization, providing traders with a detailed view of the market's structure that goes beyond traditional indicators. Its originality lies in the methodological integration of these components to offer a tool that enhances market analysis.
Responsible Use Disclaimer:
The financial markets are unpredictable, and the MS Algo is designed to serve as an analytical tool within a trader's arsenal, not a standalone solution for trading decisions. Traders should use this tool judiciously, alongside comprehensive market analysis and sound risk management practices. It's important to understand that the MS Algo does not guarantee trading success nor does it claim to predict specific price movements. Trading involves risks, including the potential loss of capital.
ATR Price Targets w/POC
ATR Price Targets with Point of Control (POC):
This script is designed to help traders identify key price target levels based on configurable multipliers of the the Average True Range (ATR) and the volume based Point of Control (POC). It is intended for intraday traders looking to capture significant price movements.
Features:
ATR Price Targets: The script calculates three levels of price targets above and below the first bar of the day, based on the ATR of the last 22 days (assuming 5-minute candles). These targets are adjustable through the settings, allowing traders to set their own ATR multipliers.
Point of Control (POC): The POC is determined as the price level of the highest volume bar since the start time, providing an indication of the most traded price within the specified period.
Customizable Start Time: Traders can set their desired start time for the calculation of price targets and POC, allowing for flexibility in aligning the indicator with their trading strategy.
Plot Lines: The ATR price targets are plotted as lines for easy visualization on the chart.
Usage:
The ATR price targets can be used as potential take-profit or stop-loss levels.
The POC can serve as a key level for assessing market sentiment and potential reversals.
Traders can adjust the ATR multipliers and start time based on their specific trading style and market conditions.
Settings:
ATR Price Targets 1, 2, 3: Adjust the multipliers for the ATR price targets. By default, these are set to 1*ATR for T1+/T1-, 3*ATR for T2+/T2- and ATR*6 for T3+/T3-. Adjust with caution as the price targets found in defaults have proven to be more accurate over intraday cycles for volatile stocks.
Start Hour & Start Minute: Set the starting hour and minute for the calculations. By default, these are set to the opening 5 minute intraday bar, but can also be set to the opening bar of pre-market hours.
TrippleMACDCryptocurrency Scalping Strategy for 1m Timeframe
Introduction:
Welcome to our cutting-edge cryptocurrency scalping strategy tailored specifically for the 1-minute timeframe. By combining three MACD indicators with different parameters and averaging them, along with applying RSI, we've developed a highly effective strategy for maximizing profits in the cryptocurrency market. This strategy is designed for automated trading through our bot, which executes trades using hooks. All trades are calculated for long positions only, ensuring optimal performance in a fast-paced market.
Key Components:
MACD (Moving Average Convergence Divergence):
We've utilized three MACD indicators with varying parameters to capture different aspects of market momentum.
Averaging these MACD indicators helps smooth out noise and provides a more reliable signal for trading decisions.
RSI (Relative Strength Index):
RSI serves as a complementary indicator, providing insights into the strength of bullish trends.
By incorporating RSI, we enhance the accuracy of our entry and exit points, ensuring timely execution of trades.
Strategy Overview:
Long Position Entries:
Initiate long positions when all three MACD indicators signal bullish momentum and the RSI confirms bullish strength.
This combination of indicators increases the probability of successful trades, allowing us to capitalize on uptrends effectively.
Utilizing Linear Regression:
Linear regression is employed to identify consolidation phases in the market.
Recognizing consolidation periods helps us avoid trading during choppy price action, ensuring optimal performance.
Suitability for Grid Trading Bots:
Our strategy is well-suited for grid trading bots due to frequent price fluctuations and opportunities for grid activation.
The strategy's design accounts for price breakthroughs, which are advantageous for grid trading strategies.
Benefits of the Strategy:
Consistent Performance Across Cryptocurrencies:
Through rigorous testing on various cryptocurrency futures contracts, our strategy has demonstrated favorable results across different coins.
Its adaptability makes it a versatile tool for traders seeking consistent profits in the cryptocurrency market.
Integration of Advanced Techniques:
By integrating multiple indicators and employing linear regression, our strategy leverages advanced techniques to enhance trading performance.
This strategic approach ensures a comprehensive analysis of market conditions, leading to well-informed trading decisions.
Conclusion:
Our cryptocurrency scalping strategy offers a sophisticated yet user-friendly approach to trading in the fast-paced environment of the 1-minute timeframe. With its emphasis on automation, accuracy, and adaptability, our strategy empowers traders to navigate the complexities of the cryptocurrency market with confidence. Whether you're a seasoned trader or a novice investor, our strategy provides a reliable framework for achieving consistent profits and maximizing returns on your investment.
