Pivots For IndicatorsThis is an overlay indicator that finds and identifies pivots. It is very sensitive so works best on smoother oscillators such as Stoch RSI. Make sure you set the source to your indicator after you overlay it. You will need to adjust the rev high and low inputs in the settings. For example Stoch RSI would have a revhigh = 80 and revlow = 20. This script is not designed to work on the chart.
Yellow = First Higher low or First Lower High
Orange = Reversal (Indicator low and high levels can be adjusted in settings.
Teal = Higher Low
Red = Lower High
Gray = Higher high or Lower Low
Pullbacks
Signs [SignalCave]Swings, Engulfs, Golden & Death Crosses, Price Squeezes, Pullbacks, Breakout & Breakdowns, Volume Rushes
A swing low is when price makes a low and is immediately followed by consecutive higher lows. Likewise, a swing high is when price makes a high and is followed by consecutive lower highs.
Swing Failure Pattern (SFP) is a type of reversal pattern that can be used as buy or sell signals.
Engulfing candles tend to signal a reversal of the current trend in the market. This specific pattern involves two candles with the latter candle 'engulfing' the entire body of the candle before it.
On this indicator, bullish engulfs visible only on downtrend and oversold conditions. Bearish engulfs visible only on uptrend and overbought conditions.
The death cross and golden cross are technical analysis terms for when a moving average (MA) intersects with another from either above or below.
The cross, depending on which it is, can signal the start of a new trend or the end of one.
Squeeze signs signifies low volatility, market preparing itself for an explosive move up or down direction.
Bullish Pullbacks are widely seen as buying opportunities after an asset has experienced a large upward price movement. Most pullbacks involve an asset's price moving to an area of technical support , such as a moving average, before resuming their uptrend.
Bearish Pullbacks are widely seen as selling opportunities after an asset has experienced a large downward price movement. Most pullbacks involve an asset's price moving to an area of technical resistance , such as a moving average, before resuming their downtrend.
A breakout refers to when the price of an asset moves above a resistance area, breakdown refers to when the price of an asset moves below a support area.
Breakouts/breakdowns indicate the potential for the price to start trending in the breakout direction.
For example, a breakout to the upside from a chart pattern could indicate the price will start trending higher.
Volume rush signs appears when the trading volume increases more then a usual period. It can be useful with combining breakout signals as a confirmation.
Alerts are available for various conditions such as "Bullish/Bearish SFP, New Swing High/Low, Breakout/Breakdown, Bullish/Bearish Engulf, Golden & Death Cross, Bullish/Bearish Pullbacks, Squeeze, Volume Rush"
Type asset name on symbol search area.
Adjust your timeframe that you wish to track.
Click "Create Alert" .
Select one of the condition that you wish to get inform from create alert panel.
Select "Once Per Bar Close" option.
Click "Create" .
8 Day Extended Runs Inspired by Linda Bradford Raschke.
Strategy suited to the US T-note (ZN1!) with a t-test of 4.06.
The 5 day SMA is vital to Linda’s trend identification system. She’s done extensive testing and research using this indicator and has built models based on it. Linda used the 5 day SMA to determine that large outlier price moves happen in the direction of the trend in each market about 9-10 times per year. The powerful part about that number is that when the trend does persist, it can go on a long run, making this a trade with a high expected value.
Note: the current exit criteria is sell 10 days after entry, users should experiment with different stop placements.
Pivot Expotential Moving AveragesPivot MA's indicator is a combination of the following:
Pivot SMA
Pivot EMA's
Pullback to EMA Band
Pivot EMA's Cross Over
Pivot Double-EMA's Cross Over
Modified Pivot EMA's Cross Over
All the pivot EMA’s calculations are based on "Profiting With Pivot-Based Moving Averages" book by Frank Ochoa.
How to use it :-
One should have to refer this book for in depth usage of this indicator.
You can use the option's provided in the indicator and the signals have been generated according to the concept in this book.
Don't turn on multiple option's, it becomes clumsy to look.
Description:-
1. Pullback to PEMA Band:-
Perhaps the most trader-friendly PEMA setup is the PEMA Pull-Back, because it forces you to trade in the direction of an established trend.
In this, u get the signal when the price retraces to 13 EMA and closes above the PEMA Band.
It is like Buy the Dips & Sell the Rips. The idea of the PEMA Pull-Back is to buy the market at a discount during an uptrend, and sell the market at a premium during a down trend.
2. PEMA Cross Over :-
The PEMA Crossover fires a signal when the fast EMA crosses the slow EMA.
If the fast EMA crosses above the slow EMA, a long signal is fired; whereas, if the fast EMA crosses below the slow EMA, a short signal is fired.
Depending on your trader personality, you will have to choose the periodicities of the two moving averages to suit your taste.
Some combination of EMA's are provided.
3. Double EMA Cross Over :-
A double exponential moving average (DEMA) is basically the EMA of an EMA, meaning the output is the second derivative of the original exponential moving average.
While an EMA is a faster moving average than the SMA, the DEMA is on another level in terms of speed.
4. Modified PEMA Cross Over :-
This system is an ultra-fast PEMA crossover signal that has built-in trend confirmation.
The Modified PEMA Crossover system fires signals in the direction of the prevailing trend, as measured by a larger moving average.
For Example, Take (1,3),21 combination. In this we use 1- and 3-period pivot EMA’s for crossovers, and use a 21-period pivot EMA for trend confirmation.
1 and 3 period EMA's are not shown in the chart, Only 21 EMA and signals are shown for clear view.
Therefore, this system will only allow bullish crossover signals to fire when price is above the 21-period pivot EMA, and will only allow bearish crossover signals to fire when price is below the 21-period average.
In essence, the results are usually highly qualified “buy the dip, and sell rip” type of opportunities.
Disclaimer :-
The PEMA setups that are covered in this indicator offer some of the ways to approach the market using moving averages.
Not all setups and styles of trading will fit all traders, no matter how profitable the approach.
You must use what fits your trader profile and your trading approach.
Thank You ..
Follow the Trend - Trade PullbacksKindly follow the rules stated below for entry, exit and stop loss. Not every Buy / Sell signal will be profitable.
Timeframe of the chart acts as current timeframe. You need to choose 2 more as middle and higher timeframes.
This indicator is based on candlesticks, ATR and CCI indicators and the logic provides buy / sell signals at the pullbacks of the trend depicted by higher timeframe, that must be respected throughout.
Enter the long / short trade respectively when the indicator gives buy / sell signal after price has gone below the green / above the red line for higher timeframe.
Stop loss shall be low / high of recent swing. Exit when the price closes below / above the middle timeframe, to be used as trailing target.
Use it for any instrument for any timeframe of your choice.
For example, check the shared chart. It is a 1 min intraday, but the indicator can be used for short or long term positional trades as well.
Enter long at 14102, with stop loss 14077. Trailing target is achieved at 14156 giving a Risk:Reward ratio of 1:2.
Another Buy signal is observed around same level and uptrend continues till day end, again for a Risk:Reward ratio of approx. 1:2.
Rules to follow for Long trades -
Enter long position at Buy signal given after price has moved below green line of higher timeframe.
Exit the position when price closes below orange / blue line of middle timeframe.
Stop loss must be at low of recent swing, appearing just before the Buy signal.
Rules to follow for Short trades -
Enter short position at Sell signal given after price has moved above red line of higher timeframe.
Exit the position when price closes above orange / blue line of middle timeframe.
Stop loss must be at high of recent swing, appearing just before the Sell signal.
AJT PullBack PipsThe AJT Pullback Pips Tool is a NonRepainting Indicator Used to Find potential Entries from the Trending Market.
Suggested to Use this tool on the H1 Timeframe.
In A Buying opportunity, the Green Bar will paint which indicates we are in a Bullish Market. Once you have confirmed the Market is being to pullback on the H1 You can look for Entries between the 38.2 & 61.8
In a Selling Opportunity, the Red Bar will paint which indicates we are in a Bearish Market.Once you have confirmed the Market is being to pullback on the H1 You can look for Entries between the 38.2 & 61.8
Quick Tips.
Setups are best found on the H1 for the Pullback Entries.
If your Bias is Bullish or Bearish based off the most Recent Bar that Painted, Make sure you are still confirming your buy or selling setups.
To Gain Access to this tool make sure to Private Message me on TradingView.
MA pullbackHello traders
This is a script to detect a pullback on a all standard types of moving averages
You'll have the option to define two parameters a bit specific :
Pullback percentage : if you want the pullback to be defined in percentage. Example: I want to capture pullbacks 3% away from my EMA 20
Buffer : Secruty margin for the pullback. You might not want an exact physical touch on the pullback but to let for instance a few pips/USD margin between the price and moving average
If you'd like the pullback to be "price has to touch the moving average", please set the buffer parameter to 0
Enjoy
Dave
Sizing GuideThis indicator helps you defining your max sizing, depending on the max $$$ amount you're willing to risk against a specific exponential moving average (or VWAP, default is the 13ema).
You can define your max risk amount and your max allowed sizing. The indicator would suggest the best sizing in order to risk only up to the amount you are comfortable with on a potential trade.
Moreover, the column bar would turn yellow/red if the divergence is above a certain threshold (default are yellow > 1.50% and red > 2.75%, green otherwise).
Complete Trend Trading System [Fhenry0331]This system was designed for the beginner trader to make money swing trading. Your losses will be small and your gains will be mostly large. You will show consistent profit. Period.
The system works on any security you like to trade. I used GBPUSD as an example because of the up swing and down swing it had recently. I tried to put as much information of how the system works in the chart. Hope it helps and is not to cluttered.
I will reiterate how the system works here: Everything is based off of closed price.
Legend
Uptrend: Buy
Green bar: initial start of an uptrend or uptrend continuing. Place order above that bar. If the initial bar does not stray too far from the MVWAP , I will place orders above subsequent bars if no filled occurred.
If initial start of the trend is missed, I will wait for the pullback. A pullback is a close below the MVWAP, and a close above the EMA (Low), RSI is above 50. Orders are placed above the pullback bars with plotted char "B" and also plotted green triangle up. Again orders are placed above those bars. the bars do not notate automatic buys. Don't chase anything. You will miss the initial bar on something because of news or earnings and it rocket up. Just wait, it will pullback. If it doesn't, to hell with it, on to the next.
Take profits: In the indicator you will see "T." That notates to take some profits. It is a suggestion. I was always told to take profits into spikes, as well as you can never lose money if you take profits. Up to you if you want to scale out and take the suggested profits or not.
Exit Completely: In an uptrend, close your entire position on bars colored yellow or red. (Again, closed bars)
In uptrend bars colored orange and black, do nothing, they are just pullback bars. Look for the buy pullback signal, then follow pullback buy rules for an uptrend.
Downtrend: Short
Red bar: initial start of a downtrend or downtrend continuing. Place order below the bar. If the initial bar does not stray too far fro the MVWAP, place orders below subsequent bars.
If initial start on the downtrend is missed, wait for the pullback. A pullback is a close above the MVWAP, and close below the EMA(Low). RSI is below 50. Orders are placed below the pullback bars with the plotted char "S" and also plotted red triangle. Again those bars are not automatic shorts, orders are placed below them. Don't chase anything. Wait for price to come into your plan. The idea FOMO is the stupidest thing ever, how can you miss out on something when it is always there. The market is always there and something will come into your zone. Chill.
"T": same as in uptrend, suggestion to take some profits.
Exit Completely: In a downtrend, close your entire position on bars colored orange or green.
In downtrend you will see bars colored yellow and black, do nothing, they are pullback bars. Look for the pullback short signal and follow pullback short rules.
If you have any questions get at me. Take a look at it on what you trade. Flip it through different securities.
Best of luck in all you do.
P.S. You should not take a trade right before earnings. You should also exit a trade right before earnings.
[tududu] Pullbacks and Directional BiasQuick analysis for TRENDING markets. This script tracks trend and 3 pullbacks ranges from n-bar max/lows.
Pullback values are floats so ranges can be < 1% for intraday trading. On top of it, it also provides non-lagging "directional bias" candle colors by tracking the earliest possible swing highs.
Also, thanks for the 100+ likes on my previous script ("Day Trade Suite").
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Script para análise de mercados em tendência. O script marca 3 faixas de pullbacks a partir das máximas ou mínimas de x-barras (valores precisam ser manualmente ajustados para diferentes mercados, mas em uma próxima versão pretendo incluir algum tipo de análise automatizada de volatilidade).
Programado para timeframe diário, porém é possível configurar as faixas de pullback para menos de 1% (ex. 0.5) para daytrade. Além disso, o script também fornece barras de cores direcionais com pouco atraso, detectando swing highs em formação.
Obrigado por todas as curtidas no meu script anterior ("Day Trade Suite") !
Pullback Trading Tool ALT R1.0 by JustUncleLThis study is an alternative Pullback Tool to my previous versions "Pullback Trading Tool R#.# by JustUncleL". This version aims to provide a cleaner but powerful trading tool. It incorporates the majority of the indicators needed to analyse trade Trends for Pullbacks and Reversals. You can optionally use Heikin Ashi candle or Renko charts. The notes here are mainly in reference to using standard Candlestick 60min signal chart (or Anchor chart time frame), other higher time frames can be used instead as Anchor Time Frames such as 240min(4hr) or 1440min(Daily).
NOTE: A Pullback is synomous to Retracement, generally a Pullback refers to a large Retracement of 100pips or more. In the context of this Tool and any comments related to it, a Pullback will be the same as a Retracement.
Incorporated within this tool are the following indicators:
1. Three Moving Averages (EMA by default) that can optionally be Anchored to a Higher Time Frame:
DodgerBlue = EMA08 (default)
Green = EMA50 (default)
Gray = EMA200 (default), disabled by default.
2. One Anchored Signal Moving Average line Yellow EMA21 (default).
3. Two Un-Anchored Moving Averages as Ribbon, can be disabled.
Aqua = EMA03 (default)
Fuchsia = EMA08 (default)
4. Display Pivots and optional Pivot Levels. By default Pivot is set to : 2 candles RHS of Pivot and 2 candles LHS of Pivot; this is the setting required to show standard Fractal points.
5. Optional HH, LH, LL, HL finder to help with drawing Trend lines and mini Trend Lines.
6. Coloured coded Bar based on the signal MA:
the Standard candle colours:
Blue = candle open and closed above signal MA.
Red = candle open and closed below signal MA.
Yellow = Candle stradle across signal MA.
the Grab candles scheme:
Lime = Bull candle open and closed above signal MA.
Green = Bear candle open and closed above signal MA.
Red = Bull candle open and closed below signal MA.
DarkRed = Bear candle open and closed below signal MA.
Aqua = Bull candle closed across signal MA.
Blue = Bear candle stradle across signal MA.
7. Alert entry arrows generated within a Trend or at the start of a new trend.
An Uptrend is defined as anchored fast (8ema) above anchored signal (21ema) above anchored medium (50ema).
A Downtrend is defined as anchored fast (8ema) below anchored signal (21ema) below anchored medium (50ema).
A Pullback generates an red (short entry) or green (long entry) arrow when price crosses anchored fast or signal MAs and then crosses back to return to trend direction.
A Trend Break, which is defined as any of the MAs crossing breaking trend, generates a blue (short) or aqua (long) arrow and then make new trend (in same or new trend direction).
Scalping Swing Trading Tool R1-4 by JustUncleLDescription:
This study project is a "Scalping Swing trading Tool" and is an alternative to the "Scalping Pullback Tool R1". It is designed for a two pane TradingView chart layout :
the first pane set to 15min Time Frame;
the second pane set to 1min Time Frame(TF).
The tools incorporates the majority of the indicators needed to analyse and scalp Trends for Swings, PullBacks and reversals on 15min charts and 1min charts.
Incorporated within this tool are the following indicators:
1. The following EMAs are drawn automatically:
Green = EMA89 (15min TF) = EMA75 (1min TF)
Blue = EMA200 (15min TF) = EMA180 (1min TF)
Black = EMA633 (15min TF) = EMA540 (1min TF)
2. The 10EMA (default) High/Low+Close Price Action Channel (PAC), the PAC channel
display is disabled by default.
3. Optionally display Fractals and optional Fractal levels
4. Optional HH, LH, LL, HL finder.
5. Coloured coded Bar high lighting based on the PAC:
blue = bar closed above PAC
red = bar closed below PAC
gray = bar closed inside PAC
lime Line = EMA10 of bar close
6. Pivot points (disables Fractals automatically when selected) with optional labels.
7. EMA5-12 Channel is displayed by default.
8. EMA12-36 Ribbon is displayed by default
9. Optionally display EMA36 and PAC instead of EMA12-36 Ribbon.
Set up and hints:
I am unable to provide a full description here, as Pullback Trading incorporates a full trading Methodology, there are a number of articles and books written on the subject.
Set to two pane TradingView chart, set first pane to 15Min and second to 1min.
Set the chart to Heikin Ashi Candles (optional).
I also add a "Sweetspot Gold2" indicator to the chart as well to help with support and resistance finding and shows where the important "00" lines are.
Use the EMA200 on the 15min pane as the anchor. So when prices above EMA200 we only trade long (buy) and when prices below the EMA200 we only trade short (sell).
On the 15min chart draw any obvious Vertical Trend Lines (VTL), use Pivots point as a guide.
On the 15min chart what we’re looking for price to Pullback into the EMA5-12 Channel or EMA12-36 ribbon, we draw Trendlines uitilising the Pivot points or Fractals to guide your TL drawing.
On the 15min chart look for the trend to resume and break through the drawn TL. The bar color needs to change back to the trend direction colour to confirm as a break.
Now this break can be traded as a 15min trade or now look to the 1min chart.
On the 1min chart draw any Pullback into any of the EMAs.
On the 1min chart look for the trend to resume and break through the drawn TL. The bar color needs to change back to the trend direction colour to confirm as a break.
Now this break can be traded as a 1min trade.
There is also an option to select Pristine (ie Ideal) filtered Fractals, which look like tents or V shape 5-candle patterns. These are actually used to calculate the Pivot points as well.
Other than the "SweetSpot Gold2" indicator, you should not need any other indicator to successfully trade trends for Pullbacks and reversals. If you really want another indicator use the AO (Awesome Oscillator) as it is momentum based.
Scalping PullBack Tool R1 by JustUncleLDescription
This study project is a Scalping Pullback trading Tool that incorporates the majority of the indicators needed to analyse and scalp Trends for Pull Backs and reversals on 1min, 5min or 15min charts. The set up utilies Heikin Ashi candle charts. Incorporated within this tool are the following indicators:
1. Major industry (Banks) recognised important EMAs in an EMA Ribbon:
Green = EMA89
Blue = EMA200
Black = EMA633
2. The 36EMA (default) High/Low+Close Price Action Channel (PAC).
3. Fractals
4. HH, LH, LL, HL finder to help with drawing Trend lines and mini Trend Lines.
5. Coloured coded Bar high lighting based on the PAC:
blue = bar closed above PAC
red = bar closed below PAC
gray = bar closed inside PAC
red line = EMA36 of bar close
Setup and hints:
Set the chart to Heikin Ashi Candles.
Add "Sweetspot Gold10" indicator to the chart as well to help with support and resistance finding and shows where the important "00" and "0" lines are.
When price is above the PAC(blue bars) we are only looking to buy as price comes back to the PAC
When price is below the PAC(red bars), we are only looking to sell when price comes back to the PAC
What we’re looking for when price comes back into the PAC we draw mini Trendlines utilising the Fractals and HH/LL points to guide your TL drawing.
Now look for the trend to pull back and break the drawn TL. That's is when we place the scalp trade.
So we are looking for continuation signals in terms of a strong, momentum driven pullbacks (normally short term 10-20 pips) of the EMA36.
The other EMAs are there to check for other Pullbacks when EMA36 is broken.
Other than the SweetSpot Gold10 indicator, you should not need any other indicator to scalp the pullbacks.
References:
Fractals V8 by RicardoSantos
Price Action Trading System v0.3 by JustUncleL
SweetSpot Gold10 R1 by JustUncleL
www.swing-trade-stocks.com
www.forexstrategiesresources.com
