HTF Multi Candles DisplayHTF Multi Candles Display
Description
The HTF Multi Candles Display is a powerful and versatile indicator that overlays higher timeframe (HTF) candles on your current chart, providing traders with a comprehensive multi-timeframe analysis tool in a single view. This indicator is particularly valuable for traders who employ strategies that rely on higher timeframe context, such as the Power of Three strategy, Turtle Soup, Candle Range Theory (CRT), and Inner Circle Trader (ICT) concepts like Price Delivery (PD) arrays.
> **Notice**: If you find this indicator beneficial for your trading, I would greatly appreciate any contribution in the form of TradingView Coins. Thank you for your support!
Key Features
1. Displays up to 5 higher timeframe candles
2. Customizable higher timeframe selection (5m to Monthly)
3. Adjustable candle appearance (colors, wicks, width)
4. Time labels for easy reference
5. Optional vertical lines to separate HTF candles
6. Offset adjustment to position candles away from the chart edge
7. Customizable wick and border colors
8. Flexible vertical line styles (solid, dashed, dotted)
9. Adjustable time label font sizes
How it Helps Traders
### 1. Multi-timeframe Analysis
By overlaying higher timeframe candles on your current chart, this indicator allows you to easily identify key levels, trends, and potential reversal points across different timeframes without switching between multiple charts.
### 2. Power of Three Strategy
This indicator is invaluable for traders using the Inner Circle Trader (ICT) Power of Three strategy, which focuses on accumulation, manipulation, and distribution phases. The higher timeframe candles help identify these phases more accurately, allowing for better trade entries and exits:
- Accumulation: Identify periods of sideways price action on higher timeframes.
- Manipulation: Spot false breakouts or breakdowns on lower timeframes that are contained within higher timeframe ranges.
- Distribution: Recognize when price is approaching significant higher timeframe levels where smart money may begin to distribute.
### 3. Turtle Soup
Traders can use this indicator to spot potential Turtle Soup setups by identifying key breakout levels on higher timeframes and comparing them to current price action. This helps in:
- Identifying false breakouts that may lead to Turtle Soup trade opportunities.
- Confirming the validity of breakouts by comparing lower timeframe momentum to higher timeframe structure.
### 4. Candle Range Theory (CRT)
This indicator is extremely useful for traders applying Candle Range Theory. CRT focuses on the relationship between the current candle's range and the previous candle's range. By displaying higher timeframe candles, traders can:
- Easily compare candle ranges across multiple timeframes.
- Identify potential breakout or breakdown levels based on the previous HTF candle's range.
- Spot instances where the current lower timeframe price action is testing or breaking significant HTF candle ranges.
- Recognize potential reversal points where price reaches the extremes of higher timeframe candle ranges.
### 5. Support and Resistance
Higher timeframe candles often represent significant support and resistance levels. This indicator makes it easy to spot these levels and incorporate them into your trading decisions, allowing you to:
- Identify key support and resistance levels from higher timeframes.
- Anticipate potential price reactions at these levels on your current timeframe.
- Plan entries, exits, and stop-loss placement with greater precision.
### 6. Trend Identification
By displaying multiple HTF candles, traders can quickly assess the overall trend direction on higher timeframes, helping to align trades with the broader market direction:
- Easily visualize the trend on higher timeframes without changing your chart.
- Identify potential trend changes or continuations based on HTF candle patterns.
- Align your trades with the higher timeframe trend for potentially higher probability setups.
### 7. Enhanced Decision Making
The combination of current timeframe price action and higher timeframe context allows for more informed decision-making, potentially improving trade quality and risk management:
- Validate trade setups by ensuring they align with higher timeframe structure.
- Avoid low-probability trades that conflict with higher timeframe trends or key levels.
- Adjust position sizing based on the proximity to significant HTF levels.
### 8. Time Efficiency
Instead of constantly switching between timeframes, traders can view all necessary information on a single chart, streamlining their analysis process:
- Reduce the time spent switching between multiple charts.
- Quickly assess market conditions across various timeframes.
- Improve focus by having all relevant information in one view.
### 9. ICT Price Delivery (PD) Arrays
The HTF Multi Candles Display is particularly useful for traders familiar with Inner Circle Trader (ICT) concepts, especially in identifying Price Delivery (PD) arrays:
- Visualize potential PD arrays across multiple timeframes without switching charts.
- Identify key swing highs and lows that form PD array structures.
- Recognize patterns such as Breaker Blocks, Inefficient Price Points, and Fair Value Gaps more easily on higher timeframes.
- Spot potential areas where smart money might be accumulating or distributing by analyzing the relationship between HTF candles.
- Use the series of HTF candles to identify potential Order Blocks, which are often key components of PD arrays.
- Recognize Mitigation Points and Liquidity Voids more effectively by analyzing the structure of multiple HTF candles.
By displaying a series of HTF candles, this indicator allows traders to more easily identify and validate ICT concepts like PD arrays, enhancing their ability to spot high-probability trading opportunities and potential market turning points.
Conclusion
The HTF Multi Candles Display indicator is suitable for traders of all levels, from beginners looking to understand market structure across timeframes to experienced traders refining their multi-timeframe analysis techniques. Whether you're day trading, swing trading, or looking for longer-term positions, this indicator provides valuable insights to enhance your trading strategy.
By incorporating higher timeframe context into your analysis, you can make more informed trading decisions, identify high-probability setups, and potentially improve your overall trading performance. The HTF Multi Candles Display is a versatile tool that adapts to various trading strategies and helps traders gain a deeper understanding of market dynamics across multiple timeframes, including advanced concepts like ICT Price Delivery arrays.
Power
panpanXBT BTC Risk Metric OscillatorThis is the Bitcoin Risk Metric. Inspired by many power law analysts, this script assigns a risk value to the price of Bitcoin. The model uses regression of 'fair value' data to assign risk values and residual analysis to account for diminishing returns as time goes on. This indicator is for long-term investors looking to maximise their returns by highlighting periods of under and overvaluation for Bitcoin.
This is a companion script for panpanXBT BTC Risk Metric . Use this indicator in tandem to achieve the view shown in the chart above.
Please note, this indicator will only work on BTCUSD charts but will work on any timeframe.
DISCLAIMER: The product on offer presents a novel way to view the price history of Bitcoin. It should not be relied upon solely to inform financial decisions. What you do with the information is entirely up to you. Please thoroughly consider your decisions and consult many different sources to make sure you're making the most well-informed decision.
### How to Interpret
The risk scale goes from 0 to 100,
Blue - 0 being low risk, and
Red - 100 being high risk.
Low risk values represent periods of historical undervaluation, while high values represent overvaluation. These periods are marked by a colourscale from blue to red.
### Use Cases and Best Practice
A dynamic DCA strategy would work best with this indicator, whereby an amount of capital is deployed/retired on a regular basis. This amount deployed grows or shrinks depending on the proximity of the risk level to the extremes (0 and 100).
Let's say you have a maximum of $500 to deploy per month.
When risk is between 0 and 10, you could deploy the full $500.
When risk is between 10 and 20, you could deploy $400.
When risk is between 20 and 30, you could deploy $300.
When risk is between 30 and 40, you could deploy $200.
When risk is between 40 and 50, you could deploy $100.
Conversely, when risk is above 50, you could:
Sell 1/15th of your BTC stack when risk is between 50 and 60.
Sell 2/15th of your BTC stack when risk is between 60 and 70.
Sell 3/15th of your BTC stack when risk is between 70 and 80.
Sell 4/15th of your BTC stack when risk is between 80 and 90.
Sell 5/15th of your BTC stack when risk is between 90 and 100.
This framework allows the user to accumulate during periods of undervaluation and derisk during periods of overvaluation, capturing returns in the process.
In contrast, simply setting limit orders at 0 and 100 would yield the absolute maximum returns, however there is no guarantee price will reach these levels (see 2018 where the bear market bottomed out at 20 risk, or 2021 where price topped out at 97 risk).
### Caveats
"All models are wrong, some are useful"
No model is perfect. No model can predict exactly what price will do as there are too many factors at play that determine the outcome. We use models as a guide to make better-informed decisions, as opposed to shooting in the dark. This model is not a get rich quick scheme, but rather a tool to help inform decisions should you consider investing. This model serves to highlight price extremities, which could present opportune times to invest.
### Conclusion
This indicator aims to highlight periods of extreme values for Bitcoin, which may provide an edge in the market for long-term investors.
Thank you for your interest in this indicator. If you have any questions, recommendations or feedback, please leave a comment or drop me a message on TV or twitter. I aim to be as transparent as possible with this project, so please seek clarification if you are unsure about anything.
panpanXBT BTC Risk MetricThis is the Bitcoin Risk Metric. Inspired by many power law analysts, this script assigns a risk value to the price of Bitcoin. The model uses regression of 'fair value' data to assign risk values and residual analysis to account for diminishing returns as time goes on. This indicator is for long-term investors looking to maximise their returns by highlighting periods of under and overvaluation for Bitcoin.
This is a companion script for panpanXBT BTC Risk Metric Oscillator . Use this indicator in tandem to achieve the view shown in the chart above.
Please note, this indicator will only work on BTCUSD charts but will work on any timeframe.
DISCLAIMER: The product on offer presents a novel way to view the price history of Bitcoin. It should not be relied upon solely to inform financial decisions. What you do with the information is entirely up to you. Please thoroughly consider your decisions and consult many different sources to make sure you're making the most well-informed decision.
### How to Interpret
The risk scale goes from 0 to 100,
Blue - 0 being low risk, and
Red - 100 being high risk.
Low risk values represent periods of historical undervaluation, while high values represent overvaluation. These periods are marked by a colourscale from blue to red.
### Use Cases and Best Practice
A dynamic DCA strategy would work best with this indicator, whereby an amount of capital is deployed/retired on a regular basis. This amount deployed grows or shrinks depending on the proximity of the risk level to the extremes (0 and 100).
Let's say you have a maximum of $500 to deploy per month.
When risk is between 0 and 10, you could deploy the full $500.
When risk is between 10 and 20, you could deploy $400.
When risk is between 20 and 30, you could deploy $300.
When risk is between 30 and 40, you could deploy $200.
When risk is between 40 and 50, you could deploy $100.
Conversely, when risk is above 50, you could:
Sell 1/15th of your BTC stack when risk is between 50 and 60.
Sell 2/15th of your BTC stack when risk is between 60 and 70.
Sell 3/15th of your BTC stack when risk is between 70 and 80.
Sell 4/15th of your BTC stack when risk is between 80 and 90.
Sell 5/15th of your BTC stack when risk is between 90 and 100.
This framework allows the user to accumulate during periods of undervaluation and derisk during periods of overvaluation, capturing returns in the process.
In contrast, simply setting limit orders at 0 and 100 would yield the absolute maximum returns, however there is no guarantee price will reach these levels (see 2018 where the bear market bottomed out at 20 risk, or 2021 where price topped out at 97 risk).
### Caveats
"All models are wrong, some are useful"
No model is perfect. No model can predict exactly what price will do as there are too many factors at play that determine the outcome. We use models as a guide to make better-informed decisions, as opposed to shooting in the dark. This model is not a get rich quick scheme, but rather a tool to help inform decisions should you consider investing. This model serves to highlight price extremities, which could present opportune times to invest.
### Conclusion
This indicator aims to highlight periods of extreme values for Bitcoin, which may provide an edge in the market for long-term investors.
Thank you for your interest in this indicator. If you have any questions, recommendations or feedback, please leave a comment or drop me a message on TV or twitter. I aim to be as transparent as possible with this project, so please seek clarification if you are unsure about anything.
VaR Market Sentiment by TenozenHello there! I am excited to share with you my new trading concept implemented in the "VaR Market Sentiment" indicator. But before that, let me explain what VaR is. VaR, or Value at Risk, is an indicator that helps you identify the worst-case scenario of a market movement based on a percentile/confidence level. This means that it calculates the worst moves, whether it's a buy or sell, based on the timeframe you're using.
Now, let's discuss how VaR Market Sentiment works. It uses a historical VaR to calculate the worst move either if the market goes up or down based on a percentile/confidence level. The default setting is the 95th percentile, which means that the market is unlikely to hit your SL level within the day if you're using a daily timeframe, etc.
To determine the strength of a candle, it subtracts the value of both sides based on the returns of the current timeframe with the VaR value (Bullish VaR - Bullish Returns, Bearish VaR - Bearish Returns). If the result is above the mean, the current candle is potentially weak. Conversely, if the result is below the mean, the current candle is potentially strong. The deviation shows critical sentiments, where if the market is above the deviation, it means that the current candle is really weak. If it's below the deviation, it means that the current candle is really strong.
It's important to note that this indicator needs other supporting indicators such as trend-following or mean reversion indicators based on your trading style. Also, as a follow-up to my previous concept, I called out that the market has what's called "power." And for now, I conclude that VaR Market Sentiment is the "power."
I'm going to share more helpful indicators in the future! I hope this indicator will be helpful for you guys! Ciao!
Broadview Dominance SuiteIntroducing the revolutionary Broadview Dominance Suite, a culmination of scientific precision and astute mathematical finance, designed to provide traders with unparalleled insights into market dynamics and the balance of power. This suite leverages a comprehensive set of seven distinct moving averages, including the Simple Moving Average (SMA), Exponential Moving Average (EMA), Hull Moving Average (HMA), Weighted Moving Average (WMA), Volume Weighted Moving Average (VWMA), Triple Exponential Moving Average (TEMA), and Least Squares Moving Average (LSMA). Through the combination of these moving averages, the Broadview Dominance Suite offers traders an authoritative perspective on the control exerted by market participants over a given period.
At the heart of the Broadview Dominance Suite lies the concept of the balance of power, a pivotal determinant of market dynamics. The balance of power refers to the tug-of-war between buyers (bulls) and sellers (bears) within the market. By analyzing the relationship between the market participants, the suite allows traders to identify and comprehend who holds control over a specific timeframe.
The seven different types of moving averages employed in the Broadview Dominance Suite contribute to an in-depth assessment of market dominance. Each moving average possesses unique characteristics that facilitate a comprehensive evaluation of the balance of power. Let's delve into the moving averages included in this suite and their respective properties:
Simple Moving Average (SMA): The SMA, known for its simplicity, calculates the average price over a specified period. When applied to the balance of power, the SMA provides a smoothed line that highlights overall price trends. Its straightforward nature allows for a clear interpretation of the dominant market forces.
Exponential Moving Average (EMA): The EMA assigns more weight to recent prices, making it highly responsive to short-term price movements. By incorporating the EMA into the balance of power analysis, traders can identify potential trend reversals and shifts in market control with increased accuracy.
Hull Moving Average (HMA): The HMA employs weighted moving averages and a square root function to reduce lag and noise. This results in a smoother line that closely aligns with current price action. When assessing the balance of power, the HMA enables traders to discern precise trend indications, minimizing false signals and providing a clearer understanding of market dominance.
Weighted Moving Average (WMA): The WMA assigns varying weights to different price points within the selected period, placing greater emphasis on recent data. This feature allows the WMA to be more sensitive to recent price changes. When utilized in the analysis of the balance of power, the WMA excels at detecting short-term shifts in market control and identifying periods of heightened buying or selling pressure.
Volume Weighted Moving Average (VWMA): The VWMA incorporates trading volume into its calculation, highlighting the importance of volume in determining market dynamics. By integrating volume data, the VWMA offers a more comprehensive understanding of price levels where significant buying or selling activity occurs. In the context of the balance of power, the VWMA provides valuable insights into the intensity of market control exerted by the bulls or bears.
Triple Exponential Moving Average (TEMA): The TEMA employs multiple exponential smoothing techniques to reduce lag and enhance responsiveness. It excels at capturing short-term price movements and potential trend reversals. By incorporating the TEMA into the analysis of the balance of power, traders can gain a deeper understanding of swift shifts in market control, allowing for timely decision-making.
Least Squares Moving Average (LSMA): The LSMA minimizes the sum of squared differences between the moving average and the actual price, resulting in a curve that closely fits the price data. When applied to the balance of power, the LSMA provides a smooth line that effectively captures significant price trends. Its ability to filter out noise ensures a clearer representation of dominant market forces.
By combining these seven moving averages within the Broadview Dominance Suite, traders gain an authoritative assessment of market control. The interplay between these moving averages presents a nuanced and multi-faceted perspective on the balance of power. When a line falls below the center line, it signifies the market is under the control of the bears, indicating a dominance of selling pressure. Conversely, when the lines rise above the center line, it suggests the market is controlled by the bulls, with buying pressure prevailing.
[TTI] IBD Power Trend🏛️ History & Credit
IBD Power Trend is an indicator created by TintinTrading inspired by the Investor's Business Daily and William O'Neil's investment philosophy. It is part of the Market School methodology.. It's built on the principle that the market's Power Trend is the best time to get aggressive.
💪 What it does
IBD Power Trend helps traders identify when the market's Power Trend starts and finishes. The indicator uses rules about the position of the price relative to the 21EMA and 50SMA, as well as the relationship between the two moving averages, to give traders an edge.
👨🏫 How to use it
IBD Power Trend can be used as an additional criteria to decide when to get more aggressive in the market. It can also be used to assess when to be a pig/tiger. With IBD Power Trend, traders can have more confidence in their trades and make better investment decisions.
The Fearless Power Suite systemDear TradingView community and followers,
Through my years I have often seen trading systems with many functionalities or indicators that can be customized in numerous ways; however I wanted something that could stomach most trading contexts without having to change settings while allowing me to have the freedom of a clean chart to keep using discretionary trading as confluence.
Using a complex combination of bullish/bearish technical breakouts (looking at general market structure while combining candlestick patterns, exponential moving averages and various indicators that indicate new trends), the aim of this system is to catch safe breakouts and at the same time notify the user of fake outs and unfavorable market conditions.
Settings to be used:
The following settings are to be used; the Fearless Power Suite system (FPS) is based on candlestick closes to correctly identify market conditions and patterns. It is not recommended to change them because waiting for candlestick closes in my opinion adds extra “confirmation” for decision taking.
Len: 14
Source_input: Close
Start: 0.02
Increment: 0.02
Max value: 0.2
How to use the system:
General context: Bias formation for directional trading is formed by looking at the general market structure which in this case is primarily created by looking at the cloud formed by the 2 moving averages. “The cloud” is referred as the space within the 2 moving averages.
One of the lines is the 21 EMA (which is my favorite classical EMA) and a “Super MA” formed by a simple mathematical equation. This allows the trader to always keep an eye on key support and resistance levels and optimize entries by entering at these given levels. The 21 EMA is a must in my opinion to enter bounces within a trend or very aggressive entries while the “Super MA” is rather to find extreme points for market reversals.
Top and bottom warning: Indicators signaling potential bottoms or tops already exist but the warning often comes only after a certain breakdown/breakup already happening but rarely on the candlestick itself.
Example: To give you a bearish signal, indicators often give you a signal on an engulfing red candlestick that follows a smaller green candlestick because it shows weakness, but rarely do you see this warning made on the green candlestick itself! Of course, it’s a signal given with less confirmation but to take partial profit on your trades it is quite effective.
Market structure breakout signals: Taking into account the general structure of the market (trending/ranging) as a result of using volatility and volume as key indicators of this complicated mix, trade signals are often given when it is considered “safe” to enter. The beauty of this, which is decently rare from what I’ve seen, is that during choppy conditions (which are not recommended to be traded) the trader will get fewer signals than usually. This is doable thanks to the volume and volatility monitoring.
The aim of these structure breakout signals is to reduce market noise and only highlight key moments of the market when you should pay attention. The candlestick formations which will create these signals will always have a certain importance from a market structure perspective and so a SL can easily be found at all times when entering during that time.
No trade zones: As previously mentioned one of the features of this system is to notify the trader in case of bad context. 2 different signals might come up “No long” or “No short” which means that from a statistical perspective it is highly recommended not to take a long or short entry in that given signal to avoid disastrous trades.
The “No long”/”No short” function of the system primarily uses Daily Range data which will continue to change during the day until the daily close, information such as Daily Low and Daily High will thus evolve. This means that sometimes this part of the FPS system will repaint but it’s not a common occurrence. This function is mainly used to reduce your current risk in case you are in a trade or to not enter any position, but not a signal for entry on its own.
Concepts combination:
This system will give you a decent amount of trade opportunities, I strongly advice you nevertheless to always find confluence in your decision making with discretionary trading as well if possible. Patience is key as always. Here is a small list of trade combinations to be used to improve results.
Example 1: Entering a position when getting a market breakout signal given after seeing a top or bottom warning on your chart. This is what we could call a “double confirmation”.
Example 2: Using the “Super MA” considered as extreme value for market reversals in a certain timeframe (15minutes for this example) while also looking at the above timeframe (1 hour in this example) for the 21EMA to be situated at the same level for a trending bounce and thus again getting a double confirmation. (Because both timeframes expected a reaction from that level). Seek a market structure breakout signal on the 15 minutes to get even more confirmation and a pre-made Stop Loss.
Limitations:
Although the signals are all created following a strict amount of technical rules not all should be taken. It is the trader’s duty to always find confluence to improve long term results. This is not a “magical bot”; I firmly believe that the best combination in trading comes from new technologies and using human intelligence.
When the Fearless Power Suite system (FPS) is used on a chart where volume data is not available not all functions will be available as volume data is taken into serious consideration for entries and trend following signals. General market structure and part of the FPS system will still be available nonetheless.
PS: The FPS works for every market and every timeframe, I personally mainly use it on cryptocurrencies (and on the SP500 and DXY for added confirmation to get a general grasp of market context).
I hope this description was useful enough :)
Power Of Stocks - Bollinger Band & 5Ema Indicator - Keanu_RiTz
Power of Stocks - Bollinger band & 5ema Strategy
In this script you get to take Buy/Sell trades using the 3 options mentioned below.(Alerts with price levels for buy/sell at , SL & Target are included in this one)
1. Combined Strategy :- uses confirmation from both strategies to trade.
2. Bollinger band Strategy :- use the Bollinger band Strategy to trade.
3. 5ema Strategy :- use the 5ema Strategy to trade.
1. Combined Strategy :-
for Selling :- we will go short/sell only when conditions of both strategies are satisfied.
i.e. when a candle is completely above the upper Bollinger band & completely above the 5ema then it will be our Alert Candle.
We Short/Sell only when the low of the Alert candle is broken or when the candle closes below the close of the Alert Candle.
SL will be above high of the Alert Candle. Target will be minimum 1:3 or as per your emotions.
for Buying:- we will go Long/Buy only when conditions of both strategies are satisfied.
i.e. when a candle is completely below the lower Bollinger band & completely below the 5ema then it will be our Alert Candle.
We go Long/Buy only when the high of the Alert candle is broken or when the candle closes above the close of the Alert Candle.
SL will be below low of the Alert Candle. Target will be minimum 1:3 or as per your emotions.
2. Power of Stocks - Bollinger Band Strategy :-
Bollinger band with standard deviation = 1.5
when a candle is completely above the upper Bollinger band, that candle will be called a signal/alert candle.
Initiate a Sell trade when that alert candles low is broken. SL will be above high of that alert candle.
Risk to reward ratio will be 1:4 i.e. target will be 4 times the SL.
when a candle is completely below the lower Bollinger band, that candle will be called a signal/alert candle.
Initiate a Buy trade when that alert candles high is broken. SL will be below low of that alert candle.
Risk to reward ratio will be 1:4 i.e. target will be 4 times the SL.
other rules for Options buying:- minimum 15min timeframe
The day you initiate the position , you should be in profit above 10%-15% then only you should carry forward that position overnight, otherwise squareoff your trade on that day only.
Buy ATM or slightly OTM, SL max 100 points , target 1:4
for Long-term/Investing :- Minimum Weekly
If candle is outside the lower band then initiate a Buy trade when that candles High is broken. Sl will be below Low of that candle.
for Long-term Target will be according to your emotions.
3. Power of Stocks - 5ema Strategy (target minimum 1:3)
Timeframe -
5 min for Selling (Sell Futures/index/stocks or buy Put)
15 min for Buying (Buy Futures/index/stocks or sell Put)
for selling stocks :-
you should enter trade within 10am , don't look for entries after that time. take only 2 entries a day.
for selling Index(Banknifty) :-
you can take trade at anytime of the day whenever conditions get satisfied. you can take multiple entries in banknifty as it is very volatile.
for options choose atm strikes: selling trade
sl for premium between 200-300 :- 20-30 points SL
sl for premium between 400-500 :- 40-50 points SL
sl for premium between 500-600 :- 50-60 points SL
Subhashish Pani's (power of stocks) 5 EMA Strategy:-
It plots 5 EMA and Buy/Sell signals with Target & Stoploss levels.
What is Subhashish Pani's (power of stocks) 5 EMA Strategy :-
His strategy is very simple to understand. for intraday use 5 minutes timeframe for selling. You can sell futures, sell call or buy Puts in selling strategy.
What this strategy tries to do is , it tries to catch the tops, so when you sell at top & it turns out to be a reversal point then you can get good profit.
this will hit stop losses often, but stop losses are small and minimum target should be 1:3. but if you stay with the trend you can get big profits.
According to Subhashish Pani this strategy has 60% success rate.
Strategy for Selling (Short future/Call/stock or buy Put)
When ever a Candle closes completely above 5 ema (no part of candle should be touching the 5ema), then that candle should be considered as Alert Candle.
If the next candle is also completely above 5 ema and it has not broken the low of previous alert candle, Then the previous Alert Candle should be ignored and the new candle should be considered as new Alert Candle.
so if this goes on then continue shifting the Alert Candle, but whenever the next candle breaks the low of the Alert Candle we should take the Short trade (Short future/Call/stock or buy Put).
Stoploss will be above high of the Alert Candle and minimum target will be 1:3.
Strategy for Buying (Buy future/Call/stock or sell Put)
When ever a Candle closes completely below 5 ema (no part of candle should be touching the 5ema), then that candle should be considered as Alert Candle.
If the next candle is also completely below 5 ema and it has not broken the high of previous alert candle, Then the previous Alert Candle should be ignored and the new candle should be considered as new Alert Candle.
so if this goes on then continue shifting the Alert Candle, but whenever the next candle breaks the high of the Alert Candle we should take the Long trade (Buy future/Call/stock or sell Put).
Stoploss will be below low of the Alert Candle and minimum target will be 1:3.
Buy/Sell with extra conditions :
it just adds 1 more condition to buying/selling
1. checks if closing of current candle is lower than alert candles closing for Selling & checks if closing of current candle is higher than alert candles closing for Buyling.
This can sometimes save you from false moves but by using this, you can also miss out on big moves as you'll enter trade after candle closing instead of entering at break of high/low.
Note :- According to Subhashish Pani Timeframe for intraday buying should be 15 minutes Timeframe.
If you haven't understood the strategy by reading above description, then search for "Subhashish Pani's (power of stocks) 5 EMA Strategy" on YouTube to get a deeper understanding.
Note:- This is not only for Intraday trading , you can use this strategy for Positional/Swing trading as well. If you use this on Monthly Timeframe then it can be very good for Long Term Investing as well.
Rules will be same for all types of trades & Timeframes.
Bollinger BandsThis strategy is inspired from Power of Stock aka Subhasish Panni.
Target is minimum 1:3 when you get this setup right.
Buy when:
1) Low is greater than upper band of BB and next candle breaks high of that candle, SL is Low of previous candle which is has low above upper band.
2) High is lower than lower band of BB and next candle breaks high of that candle, SL is low of previous candle which has high lower than lower band.
Sell when:
1) Low is greater than upper band of BB and next candle breaks low of that candle, SL is high of previous candle which is has low above upper band.
2) High is lower than lower band of BB and next candle breaks high of that candle, SL is high of previous candle which has high lower than lower band.
Disclaimer: this setup will cause many small stoploss hit, you have to accept that loss but you will be profitable because of R:R.
dize Multi-Timeframe Power IndexHi Trader,
the "Power Index" indicator is one part of our holistic approach to identifying trading setups. It is one of many indcators of our dize indicator package and should always be used in conjunction with the other dize indicators.
💡 What is the Power Index?
The "Power Index" indicator is our approach to measuring the volatility of an asset. It comes with multi-timeframe support, which helps to filter out bad trades. The indicator has a "Sensitivity" parameter that specifies how many historic candles should be looked at when calculating. The graph is a cloud colored according to historical volatility. This makes it possible to estimate at a glance how much risk and volatility currently prevail in the market.
💡 How to use it?
By using the integrated settings you will be able to configure the power index for your market. Firstly, you should find the "Sensitivity" which best reflects your markets volatility. If you wish, you can also use the indicator on a different timeframe, than the one displayed on your chart. That can help to filter out noise and get a better perspective on what is happening on a bigger timeframe.
Let's have a look how we can use the Power Index to filter out noise on a lower timeframe:
In the above picture, both chart and power index run on the same timeframe. The Power Index calculates according to the selected timeframe and gives solid information.
If we zoom out on the power index by selecting a higher timeframe, we get the big picture and can easily identify low volatility, which might increase our chances on finding a good trading setup.
The above example is one of many use cases for the power index indicator.
🔓 To gain access to this indicator, please read the signature field.
Buying power against Bitcoin and EthereumI created a simple tool where you can input your capital (in USD) and it will track your buying power against Bitcoin and Ethereum.
A handy tool for Dollar Cost Averaging and trend following systems.
Default value: You have 1000$
Formula: Buying power = Capital / Underlying assets
Combo 2/20 EMA & Bear Power This is combo strategies for get a cumulative signal.
First strategy
This indicator plots 2/20 exponential moving average. For the Mov
Avg X 2/20 Indicator, the EMA bar will be painted when the Alert criteria is met.
Second strategy
Bear Power Indicator
To get more information please see "Bull And Bear Balance Indicator"
by Vadim Gimelfarb.
WARNING:
- For purpose educate only
- This script to change bars colors.
[Max] Power lag analysis An indicator that is a parametric lag power filter.
I'm starting Time Series Analysis by Hamilton James Douglas, to try to find some fun ideas to test and upgrade my skills on that subject and share them when it produce something that can be useful.
The idea behind that indicator, it's to only get the shape of the biggest movement in percent.
To solve that problem, I iterate about the rate of change of about 15 intervals and I apply a bigger power to the intervals that get bigger.
Why ? If the price is ranging, the indicator will show only the spics, but if the price breakout of the range, each new close that are longer from the price will have a better impact on the indicator and the last ones will be neglected.
I've try to use some parametric lag indicators on top of that indicator but he result is not good enough for me, it can't be used for trade directly but it can be an approach.
If you have upgrade ideas or recommendations on that indicator, I will be please to hear them.
Have fun with the script.
Have a great day !
Max
BoredWoreders GUIDED LIGHTSHello BoredWorkers here.
We've been on a journey to create the most perfectly simple indicator for newbies to profit NO MATTER WHAT and we're ending our journey successfully here soon.
So we will be releasing indicators, apart of or, that were a part of our journey.
The guided lights indicator is a favorite.
This indicator is simple. It displays the current power any candle you're currently watching. No matter the time frame. It only displays strong signals.
Example - You've jumped in a daily trade setup. While watching the daily candle the guided lights indicator will light up the colors of a traffic light.
The green light will display when the candle is in a strong up push.
The yellow light will display when the candle up push is weakening or is weak.
The yellow light will display when the candle down push is weakening or is weak.
The red light will display when the candle is in a strong down push.
- Arrows are added to the yellow lights to help you determine candle directions.
- If the light is lit and turns off. That only means its stop pushing but its not a reversal back to when it lit. New support or new resistance unless the colors say otherwise.
Have fun! We enjoyed it. Latch it directly under your chart. And watch the magic!
PS Unless you're more experienced don't trade during no light phase.
ALT_FLAMES00.00 - alt-flames
component breakdown:
a) various combinations of EMA crossovers taken from the primeval_series to create a complete sequence of background colored-lines that subdivide into a bullish portion
and a bearish portion for directional identification
b) specific macd crossovers for predictive power in the form of directional flames located directly above the chart price (navy & yellow flames)
c) unique fast & slow rsi combinations for momentum + strength in the form of power flames located directly above the chart price (orange, red, green, & lime flames)
when the alternation of flames are used in concert with the sequence of background colors, one can identify impending explosive price action, can better navigate through periods of slower activity, identify where they are currently in the trend's lifecycle and, MOST IMPORTANTLY, improve the TIMELINESS of entry and exit strategies
00.01 - primeval_series - overview
the primeval_series is a group of transformed universally-renowned mathematical constants that have been transformed and embedded into a series of EMAs
each of these EMAs relates in some meaningful way to the "original wave' or 'wave_0': i.e. the wave that began at t=0, when humanity first made technological progress
the transformations made ensure that the inherent linkages to the original wave remain intact while being applicable to the structures inherent to indicator development
for the purposes of the alt-flames indicator, certain numbers selected from the primeval_series exist and are the basis of each ema , MACD and RSI calculation made herein
00.02 - alt-flames - best practices, and ideal targets
for best use: start with the daily timeframe for broad pattern, then use hourly going forward
ideal for swing trades, shorter-term options, and stocks that already have well-established uptrends, but have also started consolidating for 1+ week
patience is required to catch the ideal break, so best to use mildly OTM calls with at least 2 weeks on them before expiry.
for great use: pick out stocks that have recently broken out heavily from their pivot . Do not enter until the retracement from the top has a defined local low
for average use: any sort of intraday play. this tool is meant for swing trades and sustained breakouts. picking out significant bottom reversals.
the MACD portion is not geared for big reversals here. Rather, it is complementary to the EMA sequences, which are at the core of the indicator
not useful for: shorting stocks that are trending downward or that are in sideways trends
TradeChartist TrendRider Companion ™TradeChartist TrendRider Companion is an exceptionally beautiful and a functional indicator that can be used as a companion with ™TradeChartist TrendRider or as a standalone indicator and can also be used with other scripts. The indicator plots the trend based on Momentum, Volatility , detecting critical zones of Support and Resistance along the way, which helps the indicator find the right trend to ride, plotting Trend Intensity and Trend Markers based on only one piece of User input - TrendRider Type (Aggressive, Normal or Laid Back).
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What does ™TradeChartist TrendRider Companion do?
TrendRider Companion plots Trend Intensity along with Bull and Bear Trend Markers on chart, which helps the user get a visual confirmation of the Trend.
TrendRider Companion paints Trend strength on price bars based on the Color Scheme, if this option is enabled from the indicator settings.
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The script is pretty straight forward to use on any chart to track the trend intensity. ™TradeChartist TrendRider uses the same logic to detect the trend but TrendRider also plots critical Support/Resistance zones, detecting any breaches or fail of those levels on a candle close before reversing the Trend Ride.
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Best Practice: Test with different settings first using Paper Trades before trading with real money
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This is not a free to use indicator. Get in touch with me (PM me directly if you would like trial access to test the indicator)
Premium Scripts - Trial access and Information
Trial access offered on all Premium scripts.
PM me directly to request trial access to the scripts or for more information.
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Heikin ashi power (lirshah)Heikin Ashi power strategy has been written based on the heikin ashi candles movement.
the strategy is composed from two different line, bullish candle line and bearish candle line.
the bullish line is a representative of bull power which is directly related to number of positive candles and also power of candles.
so the more positive candles and the more upward trends causes the powerful bullish line and conducted to an extreme level.
the strategy trigger buy signals when bullish line passes the extreme and similar scenario for selling signals.
this strategy has very good results on 5 Sec , 5 min and 15 min time frames.
also it can be applied to variety of markets, crypto, indices , cfd and futures.
the standard parameters are as below:
period:200
internal smooth: 5
external smooth: 10
extreme level: 1
take profit
stop-loss
below overview is results of XBTUSD on 5 min chart, with 1 contract trade and 0.075% commission per trade.
in order to access scripts contact me directly.
TradeChartist PowerTracer™TradeChartist PowerTracer is an exceptionally well designed and functional indicator, requiring minimal user input to trace the asset's Bull and Bear Power. The indicator makes it visually engaging with its various color schemes and intelligent positioning of the PowerTracer Bar, tracking not just the current trend, but also the developing trend using a visually easy to understand Power plots.
What does ™TradeChartist PowerTracer do?
1. Tracks Bull and Bear Power and plots the information visually on chart using one of the following 3 Power plot options based on high or low power detection sensitivity.
𝗣𝗼𝘄𝗲𝗿𝗧𝗿𝗮𝗰𝗲𝗿 - Plot of the Bull and Bear Power Oscillator, pivotal to this script that tracks the true Bull and Bear Power along with Bull/Bear oscillator reading, calculated dynamically using a unique and original formula. Values beyond 50 and -50 are quite rare, but theoretically, they can go beyond 80 and -80. 𝗣𝗼𝘄𝗲𝗿𝗧𝗿𝗮𝗰𝗲𝗿's highs and lows are also tracked and updated real-time using labels placed exactly at the Highs and Lows with their readings.
Bar-wise Power Holder - Absolute Bull and Bear power of each bar. It is plotted by calculating the difference between Bull and Bear Power or each bar. The values can swing between -100 and +100 even though values above 90 and below 90 are rare. The bar color on the chart will be painted using this value to visually display the Bull/Bear strength if "Paint Bars on Chart" is enabled from the indicator settings.
Bar-wise Power Fight - Plot of Maximum Bull and Bear Power of every bar that helps visualize the fight between Bulls and Bears in each bar.
2. Visually displays the Balance of Power between the Bulls and the Bears using Opponent Power Gain background fill when it is 50% or over. For example, if the current PowerTracer plot is a Bull zone, enabling this setting with Opponent Power Gain % set at 75, will paint the background when Bear Power increases beyond 75% using the Bear Power Intensity fill based on Color Scheme the user opts from the settings. This option can be enabled or disabled from settings and the Opponent Power gain % (minimum 50%) can also be adjusted to spot the change in price trend early on.
3. Uses an accompanying 𝗣𝗼𝘄𝗲𝗿𝗧𝗿𝗮𝗰𝗲𝗿 bar that helps spot the true bull and bear power using simple linear blocks, displaying the power level using power intensity colors based on the color scheme.
4. Paints price bars and PowerTracer background using Power intensity colors based on Color Scheme from the indicator settings, which helps spot the increase or decrease in Bull and Bear Power.
5. Inverts bar colors, background fill and PowerTracer bar color to help see price using the Opponent's Point of View.
What markets can this indicator be used on?
-- Forex
-- Stocks - works best with 4hr or above and prices calculated taking gaps into account.
-- Commodities
-- Cryptocurrencies
and almost any asset on Trading View
What time-frames can this indicator be used on?
This indicator can be used on all timeframes. If the asset has very little volume/volatility or is far low in comparative value against the base currency, power detection can be choppy, but with most assets, this won't be an issue.
Does this indicator repaint?
-- No. Real-time Power plots can change colors and values based on current bar close as values get calculated dynamically. Once the bar closes, plots and power intensity colors don't repaint.
-- This can be verified using Bar Replay to check if the plots and fills stay in the same bar in real time as the Bar Replay
Does the indicator send alerts when the power shifts from Bull to Bear or from Bear to Bull?
Yes. Users can get alerts when Power gets shifted using Trading View alerts. This can be done by choosing '™TradeChartist PowerTracer' and 'Powershift to Bulls' or 'Powershift to Bears' under Trading View Alert condition and by using 'Once per bar close' as user needs to wait for candle close for Power shift confirmation.
Example Charts
In this split screen chart of Bitcoin, it can be seen how the 30m chart on left is Bearish and 5m chart on right is Bullish based on Power changes. The trend can be spotted on PowerTracer by spotting the Opponent's background fill that started showing when Opponent's power gained by over 75%. This is a good example using the script for scalping/swing trading using 2 timeframes. Note that the chart on the left shows Price bars and PowerTracer bar with inverted colors to show Opponent's point of view.
In this 15m chart of GBP-USD, 100% Power gain for Entries and Exits is used. This is a more conservative approach and is suited for less aggressive traders based on complete change of trend.
In this 2hr chart of Ethereum, all 3 Power plots are used to identify the trend using low sensitivity using 100% Power Gain entries and this shows how a trade can be held longer to maximise gains using entries with Power shift confirmations.
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This is not a free to use indicator. Get in touch with me (PM me directly if you would like trial access to test the indicator)
Premium Scripts - Trial access and Information
Trial access offered on all Premium scripts.
PM me directly to request trial access to the scripts or for more information.
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Variable Power Weighted Moving AverageThe Variable Power Weighted Moving Average was created by RedKTrader so make sure you follow them! This is a very handy indicator where you can change the weights of the weighted moving average yourself!
For an easy guide here are common values to use to convert this indicator into other indicators:
Power = 0 = Simple Moving Average
Power = 0.5 = Square Root Weighted Moving Average
Power = 1 = Weighted Moving Average
Power = 2 = Squared Weighted Moving Average
Try it out and let me know what you think!
Let me know if you have other ideas for me or if you want something custom done!
Price's PowerValue of Price's Power define the current price is equal to how many times the standard deviation of the Exponential Moving Average
CyclePeriod is the time period to be used in calculating the Exponential Moving Average.
Price's Power cross over zero line: bull power begin stronger.
Price's Power cross under zero line: bear power begin stronger.
Price's Power = 0: market is choppy.
Volume PowerVolume Power
Volume Power is a technique that uses the PVT(Price - Volume - Time ) Distribution algorithm .
*** Features
* Pump or Dump Detection .
* Explosive move Detection .
* Better understanding to each candle than normal Price and Volume .
*** Colors Info
* Blue - No effect to the market .
* Green - Pump or Dump Detection .
* Orange - Average Market ( Can affect the market Trend ) .
* Red - Explosive Market ( Can affect the market Trend and Mostly a Potential Reversal ) .
*** Usage
* Red and Orange can be used for Potential Breakout Candles and Reversals .
Green can be used as Pump or Dump Detection that will help you with your stops and high Volatility detection before it happens as leading indicator .
Elder Ray Bull and Bear Power OscillatorsElder Ray Bull and Bear Power Oscillators
Tradingview Screener Bull Bear Power(BBPOWER)
OVERVIEW
The Bull and Bear Power oscillators developed by Dr Alexander Elder attempt to measure the power of buyers (bulls) and sellers (bears) to push prices above and below the consensus of value. The primary principles on which Elder based the oscillator are:
The highest price displays the maximum buyer’s power within the day.
The lowest price displays the maximum seller’s power within the day.
The moving average can be construed as a price agreement between buyers and sellers for a given time period.
The Bulls/Bears power balance is important since changes in this balance can signal the early stages of a potential trend reversal.
CALCULATION
Elder uses a 13-day exponential moving average (EMA) to indicate the consensus market value.
Bull Power is calculated by subtracting the 13-day EMA from the day’s high.
Bear Power is derived by subtracting the 13-day EMA from the day’s low.
TRADING WITH THE ELDER RAY BULL AND BEAR POWER OSCILLATORS
BULL POWER
Where a currency uptrend is sustained to the point that maximum prices move above the EMA the Bull Power histogram will be greater than zero. As price maximums accelerate to greater levels (above the EMA) during the rising trend histogram bars will increase in height above the zero line showing the increased buying strength during the period.
BEAR POWER
Where a currency downtrend is sustained to the point that minimum prices move below the EMA the Bear Power histogram will be less than zero. As price minimums accelerate to lower levels (below the EMA) during the falling trend histogram bars will increase in height below the zero line showing increased selling strength during the period.
TRADING SIGNALS
It is important for traders to use the Elder Ray oscillators in conjunction with the EMA overlay over the price chart (typically as per period being analysed) to give additional context to the signals. Sell signals are given if Bull Power is above zero and there is a bearish divergence in the Bull Power histogram or if the Bull Power histogram is above zero and falling.
Buy signals are given if Bear Power is below zero and there is a bullish divergence in the Bear Power histogram or if the Bear Power histogram is below zero and rising. It is extremely important for traders to only trade in the above scenarios if the direction of the trend indicated by the slope of the EMA on the price chart is in the direction of their trade when the signal is given (or shortly after).
