RunRox - Signals MasterSignals Master - meticulously crafted by RunRox, is a versatile tool engineered to accommodate traders of all experience levels. This indicator does not merely suggest potential entry and exit signals; it can seamlessly integrate into your existing trade strategy, enhancing decision-making with its comprehensive features.
With an array of functionalities, Signals Master stands out as a robust standalone product. It is designed to cater to diverse trading approaches, offering real-time signal detection that allows traders to respond swiftly to market fluctuations.
The true power of Signals Master lies in its ability to simplify complex market data into actionable insights. Whether used as a primary indicator or as a complement to your strategy, it helps clarify the trading path ahead, empowering you with confidence in every trade you make.
Core Features of Signals Master
Real-time buy and sell signal alerts
Adjustable sensitivity for tailored signal precision
Customizable alert settings for efficient strategy execution
Advanced backtesting system for strategy optimization
Multiple take profit and stop loss options
Detailed dashboard display for strategy monitoring and adjustments
Support and resistance level identification
Trend lines and color-coded volume bars for easy trend following
Candlestick pattern recognition to anticipate market moves
In the image below, you can see our indicator at work and the explanations.
On the chart, you see buy and sell signals, as well as potential trade exits. The "X" mark can also be interpreted as a trend reversal and a potential signal for a trend change. But always stick to your own exit strategy!
Autopilot \ Optimization
One of the standout features of our Signals Master indicator is its auto-optimization and autopilot capabilities. This function automatically identifies the best settings for specific charts and timeframes, ideal for novice traders.
The autopilot feature simplifies the trading process by continuously adjusting settings to optimize your strategy under varying market conditions. This allows for a more efficient trading experience, focusing on strategy effectiveness rather than constant configuration adjustments.
Signal Mode
The Signal Mode functionality of our Signals Master indicator optimizes signals specifically for either buying or selling, tailoring the best settings to enhance one-directional trading. This feature is particularly useful for traders who prefer to focus exclusively on asset purchases. By optimizing for a single direction, Signal Mode ensures that traders can maximize their strategic approach and efficiency in the markets where they feel most confident. This targeted optimization helps to streamline decision-making processes and improve overall trading precision.
Additional Features
Reversal Zones: This feature identifies potential reversal points in the market, helping traders to spot opportunities where trends might change direction. By marking these zones, traders can anticipate market turns with greater accuracy.
Trend Assistant: Streamline your trend analysis with the Trend Assistant, which highlights ongoing trends and their strength. This tool aids in confirming the trend’s stability, making it easier to decide on entry or exit points.
Neo Cloud: Enhance your market analysis with Neo Cloud, which provides a dynamic visualization of support and resistance levels. This feature helps traders understand the current market state, indicating bullish or bearish conditions.
Candlestick Patterns Detection: Quickly identify key candlestick patterns that signal potential market moves. This detection tool simplifies the complexity of candlestick analysis, allowing for swift, informed trading decisions based on traditional charting techniques.
Volume Candlestick
Enhance your market reading with RunRox’s color-coded volume bars that gauge the strength of buying or selling within each bar. This intuitive feature adds a layer of depth to your analysis, allowing for quick recognition of vital market movements and informed trading decisions.
RISK DISCLAIMER
It is crucial for traders to recognize that while indicators are powerful tools, they should serve as aids rather than definitive solutions. No indicator, including those provided by RunRox, can offer a 100% win rate or replace the need for personal judgment and comprehensive analysis. Our goal is to equip traders with sophisticated instruments that can enhance their understanding and evaluation of market conditions.
We encourage all users of RunRox indicators to utilize them as supplements to their own trading strategies and analyses. The ultimate responsibility for trade decisions lies with the trader, informed by their own knowledge, risk assessment, and market research. Our indicators are designed to support this decision-making process, not to dictate it.
Toolkit
TrendLine Toolkit w/ Breaks (Real-Time)The TrendLine Toolkit script introduces an innovating capability by extending the conventional use of trendlines beyond price action to include oscillators and other technical indicators. This tool allows traders to automatically detect and display trendlines on any TradingView built-in oscillator or community-built script, offering a versatile approach to trend analysis. With breakout detection and real-time alerts, this script enhances the way traders interpret trends in various indicators.
🔲 Methodology
Trendlines are a fundamental tool in technical analysis used to identify and visualize the direction and strength of a price trend. They are drawn by connecting two or more significant points on a price chart, typically the highs or lows of consecutive price movements (pivots).
Drawing Trendlines:
Uptrend Line - Connects a series of higher lows. It signals an upward price trend.
Downtrend Line - Connects a series of lower highs. It indicates a downward price trend.
Support and Resistance:
Support Line - A trendline drawn under rising prices, indicating a level where buying interest is historically strong.
Resistance Line - A trendline drawn above falling prices, showing a level where selling interest historically prevails.
Identification of Trends:
Uptrend - Prices making higher highs and higher lows.
Downtrend - Prices making lower highs and lower lows.
Sideways (or Range-bound) - Prices moving within a horizontal range.
A trendline helps confirm the existence and direction of a trend, providing guidance in aligning with the prevailing market sentiment. Additionally, they are usually paired with breakout analysis, a breakout occurs when the price breaches a trendline. This signals a potential change in trend direction or an acceleration of the existing trend.
The script adapts this methodology to oscillators and other indicators. Instead of relying on price pivots, which can only be detected in retrospect, the script utilizes a trailing stop on the oscillator to identify potential swings in real-time, you may find more info about it here (SuperTrend toolkit) . We detect swings or pivots simply by testing for crosses between the indicator and its trailing stop.
type oscillator
float o = Oscillator Value
float s = Trailing Stop Value
oscillator osc = oscillator.new()
bool l = ta.crossunder(osc.o, osc.s) => Utilized as a formed high
bool h = ta.crossover (osc.o, osc.s) => Utilized as a formed low
This approach enables the algorithm to detect trendlines between consecutive pivot highs or lows on the oscillator itself, providing a dynamic and immediate representation of trend dynamics.
🔲 Breakout Detection
The script goes beyond trendline creation by incorporating breakout detection directly within the oscillator. After identifying a trendline, the algorithm continuously monitors the oscillator for potential breakouts, signaling shifts in market sentiment.
🔲 Setup Guide
A simple example on one of my public scripts, Z-Score Heikin-Ashi Transformed
🔲 Settings
Source - Choose an oscillator source of which to base the Toolkit on.
Zeroing - The Mid-Line value of the oscillator, for example RSI & MFI use 50.
Sensitivity - Calibrates the Sensitivity of which TrendLines are detected, higher values result in more detections.
🔲 Alerts
Bearish TrendLine
Bullish TrendLine
Bearish Breakout
Bullish Breakout
As well as the option to trigger 'any alert' call.
By integrating trendline analysis into oscillators, this Toolkit enhances the capabilities of technical analysis, bringing a dynamic and comprehensive approach to identifying trends, support/resistance levels, and breakout signals across various indicators.
ICT Killzones Toolkit [LuxAlgo]The ICT Killzones Toolkit is a comprehensive set of tools designed to assist traders in identifying key trading zones and patterns within the market.
The ICT Killzones Toolkit includes the following Price Action components:
ICT Killzones with Pivot Highs/Lows
Order Blocks
Breaker Blocks
Fair Value Gaps
Market Structure Shifts
By combining these components, the ICT Killzones Toolkit provides traders with a comprehensive framework for analyzing the market and identifying setups of interest. Leveraging these tools effectively can enhance traders' decision-making process and improve killzones interpretability.
🔶 USAGE
In forex/futures trading, timing is crucial. ICT Killzone are specific periods when there's a higher chance of finding setups of interest. Mastering these time intervals can offer significant advantages to traders who know how to use them effectively.
The image above highlights a potential setup of interest when using the ICT Killzones Toolkit.
As another example for utilizing the ICT Killzones Toolkit, we can see in the image above when price retests setups generated from killzones such as Order Blocks or Fair Value Gaps, a potential strategy could be to look for entries on those & take profits as the next killzone appears.
🔹 Order Blocks
Order Blocks are sections on a price chart where notable buying or selling activity has occured, often signaling interest zones for institutional traders. This toolkit's Order Blocks component pinpoints these areas within the Killzone, which may act as potential support or resistance levels.
🔹 Breaker Blocks
Breaker Blocks are zones built from mitigated order blocks, and highlight zones on the chart where price has previously stalled or reversed. These areas may act as significant barriers to price movement in the future, and the Breaker Blocks component helps traders identify them for potential trading opportunities.
🔹 Fair Value Gaps
Fair value gaps are especially favored by price action traders and arise from market inefficiencies or imbalances, typically when buying and selling are unequal. These gaps often attract price movement before resuming in the same direction. the Fair Value Gaps component of the toolkit helps traders identify and analyze them.
🔹 Market Structure Shifts
Market Structure Shifts refer to significant changes in the overall structure of the market, such as shifts in trend direction, volatility, or trading activity. These shifts can provide valuable insights into market sentiment and potential trading opportunities, and the Market Structure Shifts component helps traders identify and interpret them.
Overall, the ICT Killzone Toolkit combines these components to provide traders with a comprehensive framework for analyzing the markets and identifying high-probability trading setups.
🔶 SETTINGS
🔹 ICT Killzones
Asian, London Open, New York, and London Close: toggles the visibility of specific Killzones, allowing users to customize time periods and Killzone colors.
Killzone Lines : Top/Bottom, Mean and Extend Top/Bottom: toggles the visibility of the Killzone's pivot high and low lines, mean (average) line, and allows users to extend the pivot lines.
Killzone Labels: Toggles the visibility of the Killzone labels.
Display Killzones within Timeframes Up To: Toggles the visibility of the Killzones up to selected Timeframes.
Open Price, Separator, Label, and Color: toggles the visibility of the open price of the Killzones or for the day, week, or month. If the day, week, or month is selected, a separator will be displayed to highlight the beginning of each respective period. Additionally, users can customize the color and toggle the label as needed.
🔹 Order Blocks & Breaker Blocks
Order Blocks | Breaker Blocks: toggles the visibility of the order blocks & breaker blocks.
Swing Detection Length: lookback period used for the detection of the swing points used to create order blocks & breaker blocks.
Mitigation Price: allows users to select between closing price or wick of the candle.
Use Candle Body in Detection: allows users to use candle bodies as order block areas instead of the full candle range.
Remove Mitigated Order Blocks & Breaker Blocks: toggles the visibility of the mitigated order blocks & breaker blocks.
Extend Order Blocks & Breaker Blocks: enables processing of the order blocks & breaker blocks beyond the boundaries of the killzones.
Display Order Blocks & Breaker Blocks: enables the display of the first, last, or all occurrences of the order blocks & breaker blocks.
Order Blocks : Bullish, Bearish Color: color customization option for order blocks.
Breaker Blocks : Bullish, Bearish Color: color customization option for breaker blocks.
Show Order Blocks & Breaker Blocks Text: toggles the visibility of the order blocks & breaker blocks labels.
🔹 Market Structure Shifts
Market Structure Shifts: toggles the visibility of the market structure shifts.
Detection Length: market structure shift detection length.
Display Market Structure Shifts: enables the display of the first, last, or all occurrences of the market structure shifts.
Market Structure Shifts : Bullish, Bearish Color: color custumization option for market structure shifts.
Show Market Structure Shifts Text: toggles the visibility of the market structure shifts labels.
🔹 Fair Value Gaps
Fair Value Gaps: toggles the visibility of the fair value gaps.
Fair Value Gap Width Filter: filtering threshold wile detecting fair value gaps.
Remove Mitigated Fair Value Gaps: removes mitigated fair value gaps.
Extend Fair Value Gaps: enables processing of the fair value gaps beyond the boundaries of the killzones.
Display Fair Value Gaps: enables the display of the first, last, or all occurrences of the fair value gaps.
Bullish Imbalance Color: color customization option.
Bearish Imbalance Color: color customization option.
Show Fair Value Gaps Text: toggles the visibility of the fair value gaps labels.
🔶 RELATED SCRIPTS
Smart-Money-Concepts
Order-Blocks-Breaker-Blocks
Thanks to our community for recommending this script. For more conceptual scripts and related content, we welcome you to explore by visiting >>> LuxAlgo-Scripts .
SFX Signals & Overlays [YinYangAlgorithms]SFX Signals & Overlays aims to help traders Identify Buy & Sell locations, Reversals, Volatility Zones, Support & Resistance and Overbought & Oversold Zones. All of these may work in harmony with each other by helping to identify when to enter and exit a trade; as well as helping to determine the risk / reward the trade may ensue.
SFX Signals & Overlays’s Buy & Sell signals are momentum based, meaning the Initial ‘Buy’ & ‘Sell’ signal may not be exactly where you want to get in/out. What may occur is the initial signal appears, a few more continuation signals appear afterwards (always in a chain); and once the momentum has ended a ‘Reversal’ signal appears. The reversal is there to help signify that the ‘opportune’ time to buy/sell may have passed and the price may now correct in the opposite direction. This Indicator aims to Buy Low and Sell High; and therefore the Buy signal momentum may occur as the price is either about to fall, currently falling or has started to consolidate. When the Buy signal momentum has ended, this means the momentum is at an impasse, but is favoring Buy momentum and a reversal (correction) may occur.
Buying & Selling at reversal signals may be profitable, however it may be less risky to DCA into your long / short positions during the Buy/Sell momentum signals instead. Let's get into the Tutorial so you can better understand how our SFX Signals & Overlays indicator works.
Tutorial:
Our example above showcases how our SFX Signals & Overlays Indicator looks on the default settings ‘Medium’ for each of our Algorithm Settings:
Trend Sensitivity
Signal Sensitivity
Zone Sensitivity
All of our Algorithm Settings feature 3 different speeds:
Fast
Medium
Slow
These speeds may be applied to each Algorithm Setting individually and affect how quickly they adapt to the current market's momentum. This allows you to tailor this Indicator to fit your trading style by adjusting it to meet your needs accordingly. If you are someone who likes to swing trade on the 1-5 minute timeframe, you may find better confluence with all settings on ‘Fast’. Medium term holders and traders may find better results with all settings on ‘Medium’. Likewise, long term investors may find best results with all settings on ‘Slow’. However, this shouldn’t stop you from finding your own best result by adjusting them individually to meet your own unique trading style.
SFX Signals & Overlays helps you identify shifts in momentum by displaying Momentum Signals. Momentum Signals are shown by either a Green or Red Triangle. Momentum Signals can continue for quite some time until the momentum has ended. We rank the first Momentum Signal from 1/5 to 5/5 for their strength and may help determine the chances of the momentum shift occurring. Once the Momentum Signals have ended we display a Reversal Signal. This Reversal Signal helps signify that the Momentum has ended. When the Momentum ends it means that a reversal may have started. This reversal may mean the price will continue in the direction the signal mentioned; or it may mean the price will consolidate. If the price consolidates then the signal is void as when the consolidation ends the price could go in either direction. If you notice consolidation occurring after a Reversal Signal; wait for more confirmations as it is now too risky.
Our Indicator displays different evaluations for each INITIAL Buy and Sell signal. These evaluations rank the current start of the signal from 1-5; 1 being the lowest and least reliable, 5 being the highest and most reliable. These rankings aren’t indefinite and are simply an evaluation at the time of the initial signal. We may potentially provide evaluations at the reversal later on if requested enough. When a Buy or Sell signal occurs this defines where momentum is occurring in this direction. This momentum is indicated by momentum signals shown through red / green triangles. These triangles indicate that this momentum is present. When these momentum signals end is when the Reversal Signal appears indicating that since this momentum has ended, there may be a decent chance of a reversal occurring. There also adherently may be the potential of consolidation occurring; but generally it means there is either a reversal, or consolidation + then a reversal or a continuation; however it may be apparent that the momentum has ended.
ES:
NQ:
BTC:
If you refer to the 3 examples above, we show how the ES, NQ and BTC look within a 5 minute scalping example. Essentially you’d make your decision on the Buy / Sell signal, the momentum signals, the Reversal Signals, the Trend Colors as well as other oscillators and Due Diligence.
Remember, there’s no such thing as a perfect entry / exit, the more you understand about trading and do your own Due Diligence the better. These Buy and Sell as well as Reversal signals attempt to locate and rank momentum shifts to help you identify where the momentum may be ending and reversing in the opposite direction.
Our zones defined by the Outer (red) and Inner (green) are representations of not only Support and Resistance locations, but likewise Overbought and Oversold locations. These zones help in multiple ways. The hard lines that define each zone's start / end are very useful locations of support / resistance which may indicate where the price will bounce off of. Likewise, when the price is within these zones it represents the price being Overbought or Oversold. Then the price is for instance within the Red Resistance Zone, what generally may happen is the price will correct quickly to get back to the ‘Black Empty Zone’ between the Red and Green zones; OR it may consolidate sideways until it has entered the ‘Black Empty Zone’. This is how the price may redeem itself back to being valued correctly. These zones help you identify and understand, in concatenation with our signals when and how much the price may move.
Our Settings are minimalistic so you don’t need to worry and get overwhelmed about changing values and trying to fiddle to find which values works the best for what. Our Algorithms will take care of all of that for you. Simply select the speeds for your Trend, Signals and Zones and you’re good to start trading! You can likewise customize what information is visible to you and the colors to better customize your experience.
Fast:
Medium:
Slow:
The 3 examples above display what the same portion of the chart looks like when Trend, Signal and Zone Sensitivity is changed from Fast, Medium and Slow.
As you can see, they all look quite different in the results they produce. By default all settings are set to Medium, however they can all be individually changed to suit your trading style and needs.
Our Indicator offers many different alert options which may help you stay informed with how the market is moving and any momentum changes that may occur.
Settings:
1. Algorithm Settings
Trend Sensitivity (Fast, Medium, Slow): Trend Sensitivity refers to how quickly the Trend Bar Colors change. Fast: will change colors very quickly if it senses momentum is changing. Medium: will change almost as quickly as Fast, however, rather than swapping from Bullish to Bearish momentum right away it has an intermediate 'Neutral - Slightly Bullish (Yellow)' and 'Neutral - Slightly Bearish (Orange)'. This way you can better visualize when the momentum is dying in the trend and starting back up by having these trend 'Neutral/Consolidation' areas. Slow: will attempt to only change Trend Bar Colors when the momentum has surely shifted. This may result in a bit of lagging behind.
Signal Sensitivity (Fast, Medium, Slow): Signal Sensitivity refers to how quickly the Buy & Sell Momentum Signals & Reversal Signals appear. These signals are meant to appear when it thinks the price may reverse, but the speeds refer to how much of a reversal they think may happen. Fast: will attempt to locate any and all momentum swings. Medium: will attempt to only locate momentum swings which may drive the price up considerably. Slow: will attempt to locate only the most extreme momentum swings. This may result in some potentially good ones missed however; but the ones it finds may have a higher probability of occuring.
Zone Sensitivity (Fast, Medium, Slow): Zone Sensitivity refers to how quickly the Zones expand based on price movement. These zones may be useful for not only seeing Support & Resistance; but also identifying when it is Overbought & Oversold; as well as visualizing volatility between the Black (Empty area) and the zones. The lines that separate each zone are the Support and Resistance locations; the area within the zones are simply the spacing between these Support and Resistance locations. However, the further the price is to the outer zones does represent Overbought and Oversold. Fast: will expand very quickly. This causes the price to be within the Black (Empty area) more often. This may be useful for finding extremities in price movement which may have a better chance of correcting. Medium: moves fast but not anywhere close to as fast as 'Fast'. Medium will hold its values in an attempt to be as accurate as possible for identifying Support and Resistance locations. Slow: will expand very slowly. This may be useful for identifying Support & Resistance as well as Volatility targets on higher time frames since these zones move much slower.
2. Display Settings:
Show Trend Bar Colors: Trend Bar Color are a way of seeing how the Trend is holding up on a bar by bar basis. This may be useful for seeing momentum starting, ending or simply dying down before any signals actually appear.
Signal Text Display (Both, Buy & Sell, Reversals, None: Signals are a way of seeing potential changes in momentum and when they have actually occurred. Our signals also rank from 1/5 to 5/5 how strong of a chance this momentum change may occur (only at the time of the signal, not at the time of the reversal). These may be useful as potential Entry and Exit locations; as well as when you see the reversal, you know that this momentum change has either begun or a consolidation may be occurring. If a consolidation occurs, the signal is no longer valid as the price can now go either way and it is best to wait for more signals or other technical analysis to determine momentum and movement.
Zone Display (All, Outer + Middle, Inner + Middle, Outer, Middle, Inner, None): Zones are composed of 3 areas above and below. These areas attempt to project Support & Resistance locations as well as display when the Price is Overbought and Oversold. You can specify which zones you wish to view, however all are important.
3. Color Settings:
Buy Color: This is the color of all Buy Signals and Zones.
Sell Color: This is the color of all Sell Signals and Zones.
Buy Reversal Color: This is the color of all Buy Signal Reversals.
Sell Reversal Color: This is the color of all Sell Signal Reversals.
If you have any questions, comments, ideas or concerns please don't hesitate to contact us.
HAPPY TRADING!
Symbol Searcher [EmuMoon]Introducing the EmuMoon 'Symbol Searcher'. Your go-to tool for quickly comparing and discovering the best coins/symbols to trade.
With this nifty tool, you can easily search and compare 40+ different coins/symbols simultaneously to find the most volatile ones, while also identifying coins that are already correlated to the ones you're trading. That way, you can diversify your portfolio and avoid putting all your eggs in one basket.🧺🐣
The Symbol Searcher lets you sort by volatility, correlation and weighted combinations of both. You can even input your own coins/symbols to see how they stack up. It's a fun way to explore the crypto/trading market and find new opportunities.
You can also add the 'Symbol Searcher' to the chart multiple times to display even more symbols. This works excellent with the other DCA Tools that are Advanced!
Features
The EmuMoon 'Symbol Searcher' has a number of features, including:
• Optimal Coin Selection - The 'Top Picks' Table automatically populates with coins/symbols exhibiting the most desirable values that are well suited to trading.
• 'Sort By' Drop-Down - Explore a wide range of sorting options to discover coins/symbols that align with your target goals and preferences.
• Lookback Duration - Small or broad, you can specify the quantity of bars/candles that are used when performing internal calculations.
• Customisable View - Choose the Quantity of Pairs to Compare and also separately choose the Quantity of Pairs to Display.
• Real-Time Data - Receive up-to-the-minute data on coins/symbols, pick any time frame interval to make informed and timely choices.
• Quick & Easy - You can search, compare and analyse a wide range of coins with speed and convenience and no complex setup.
• Default Pairs - Carefully selected from Binance USDT Spot, the top 40 pairs with a 'Maximum Supply' based on the highest statistics at the time of creating. Add your own at any time.
• Connectivity - Use on the go, on any device. Settings menu and display tables have been optimized to look great on Mobile as well as PC, Browser, App, Laptop, Mobile, Tablet etc.
• Fast Loading - Streamlined array/table structure means enhanced script compile times, significantly improving script compiling times and timeout errors.
Settings
• Show Main Table - Show or hide the main coin selection table.
• Display X Pairs - Choose how many pairs to display.
• Compare X Pairs - Choose how many pairs to compare.
• Lookback - Choose the quantity of bars/candles to be used for the Correlation and Volatility calculations.
• Sort By - Choose how the main table is sorted.
• Show Top Picks Table - Show or hide the Top Picks Table.
• + Corr X Vol - Choose the quantity of High Correlation + High Volatility coins to show on the Top Picks Table.
• - Corr X Vol - Choose the quantity of Low Correlation + High Volatility coins to show on the Top Picks Table.
• o Corr X Vol - Choose the quantity of Neutral Correlation + High Volatility coins to show on the Top Picks Table.
• Symbol Input 1 - To check for correlation, the script utilizes coin slot number 1 as a reference, comparing it against all the coins numbered 2~40.
• Symbol Inputs 2~40 - Customize the coin inputs (2~40) according to your preference.
• Table Position - Adjust location of table plotted on chart. You can also add the 'Symbol Searcher' to the chart multiple times to display even more symbols. 🎉
• Info & Help - Some great information about the script and its features
• Text Size - Whether you are on PC, App, or Tablet, you can adjust the view to fit your device.
Usage
While statistics provide valuable insights, they should not be solely relied upon as an indicator of future results. This script serves as a tool traders can utilise to help gain an overview of the market landscape, and quickly compare and identify potential opportunities, enhancing their decision-making process. To use the indicator, simply input your chosen coins/symbols or use the defaults, select the quantity you want to compare, choose a sorting option, you can also generate a Top Picks list based on the highest performing values by using the +/-/o Corr X Vol quantity selections.
TTF SMC ToolkitGreetings and welcome to another community indicator from TTF! This indicator is our attempt to build a suite of tools for use in Smart Money Concepts (SMC) and Price Action style trading strategies. If you aren't familiar with these models, we'd encourage you to do some independent research on them to find out how to properly use these models and the tools included in this indicator.
Important! To utilize all features of this indicator fully, please select "Bring to front" under the visual order menu.
All of the fundamental concepts of this toolkit revolve around smart money concepts and price action trading, here are some key concepts of this indicator's different features:
DR (defining range): This is a technique that uses the candle wicks (high and low of price) during a specific hour of a trading session to create a trading framework to help visualize order flow. When price breaks the high of the range, there is a very high statistical probability based on price action history, that the bottom of the range won't be traded past for the rest of that trading session. Vice versa for price breaking the low of the range.
IDR (implied defining range): Similar to DR above, this method uses the candle body (open and close of price) of price during a specific hour of a trading session to help create a trading framework to help visualize order flow.
Equilibrium: Any range can be objectively divided into a top and bottom half. The equilibrium represents the 50% mark between a range high and a range low. It is most often plotted with a fibonacci tool.
Fair Pricing Model: This is a hypothesis postulating that "big money" (a.k.a. "market movers", "institutional investors", etc.) seeks to buy in the discount area of any given price range, and sell in the premium area of that same range. See DR and IDR for examples of possible techniques to help identify and define the price range to apply to this model.
Non-discretionary Levels: This is essentially a fancy way of saying that the levels drawn by this indicator are strictly rules-based, and will always behave in the following manner:
1. For a given trading session, once the levels are drawn, they will remain constant throughout the rest of the trading session, no matter what price does afterwards.
2. The levels drawn will be drawn using the same rules every single day, without human bias or discretion.
Williams Fractals: This fractal pattern is based upon a specific candlestick pattern sequence. For a bullish Williams fractal, you will see X number of falling candles, followed by X number of rising candles. The candle at the fulcrum (bottom or top of the fractal structure) is where the fractal will print. a bearish fractal will be the inverse of this pattern. Note that this is a lagging indicator as it takes X candles after the fulcrum candle for the fractal pattern to complete. In most common cases, the value of X is 2 (2 falling candles, the fulcrum candle, and 2 rising candles) for a total of 5 candles to complete the fractal pattern. You can find more information in this article, which describes this type of fractal: www.investopedia.com
Fractal Wyckoff Accumulation/Distribution: The Wyckoff Method is used by investors and traders to determine market trends, select investments, and time the placement of trades. It can help them identify the times at which big players are accumulating (or distributing) positions in a security. Fractal Wyckoff accumulation/distribution refers to watching the process occur on a lower timeframe, from a higher timeframe. For more information on the Wycoff Theory, you can see this article: www.investopedia.com
Now that we've covered some terms and definitions, let's cover the 4 major components included in this indicator.
ICT NY Midnight/NY Open (08:30 NY time):
The first piece of the indicator being displayed here is the ICT midnight and 8:30am NY price lines. These lines can be used as non-discretionary levels, or as intra-day premium/discount as part of a fair-pricing model.
DR/IDR:
Initially developed by TheMas7er, DR stands for defining range, and it highlights a range during high volume periods of the day that can act as non-discretionary levels, with very high historical accuracy.
Williams Fractals
Williams Fractals denote fractal market structure, and can be used to mechanically create ranges and view potential liquidity pools in a similar manner to using pivot points.
Triple M:
This tool highlights wicks that represent fractal Wyckoff accumulation and distribution. This pattern can be used an a potential entry trigger when paired with other confluences.
And now that we've covered the core concepts/definitions and an overview of each major component of this indicator, it's time to bring everything together by giving an example of how these tools can be used to define a strategy.
Before NYSE open, turn on the price lines to get a sense of whether price is in the premium or discount of the daily fair-pricing model.
Once NYSE market opens, wait for DR/IDR to establish and break its range.
If the bias from DR/IDR aligns with the fair pricing model from the ICT price lines, you could look for a fractal Wyckoff entry during a retracement.
Disclaimer: This strategy is provided purely as an example and has not been tested by us. Please do your own due diligence by thoroughly backtesting and forward-testing on a demo account befor using any proposed strategy live market with real money!
Important! To utilize all features of this indicator fully, please select "Bring to front" under the visual order menu.
Reversal Signals [LuxAlgo]The Reversal Signals indicator is a technical analysis tool that aims to identify when a trend is fading and potentially starting to reverse.
As a counter-trend tool, the Reversal Signals indicator aims to solve the problem of several technical analysis indicators that perform well during trending markets but struggle in ranging markets. By understanding the key concepts and applications of the tool, traders can enhance their market timing and improve their trading strategies.
Note: It's important to explore the settings of the indicator to customize to your own usage & display as there are various options available as covered below.
🔶 USAGE
The Reversal Signals indicator is comprised of two main phases: Momentum Phase and Trend Exhaustion Phase . These phases help identify potential trend reversals in bullish, bearish, and ranging markets.
🔹The Momentum Phase
The momentum phase consists of a 9-candle count and in rare cases 8-candle count. In a bullish trend, a starting number ‘1’ is plotted if a candle closes higher than the close of a candle four periods ago. In a bearish trend, a starting number ‘1’ is plotted if a candle closes lower than the close of a candle four periods ago.
The following numbers are plotted when each successive candle satisfies the four-period rule. The potential reversal point comes when the Reversal Signals plot a label on top of a candle in a bullish trend or at the bottom of a candle in a bearish trend. The momentum phase is immediately canceled if, at any point, a candle fails to satisfy the four-period rule.
Based on the extremes of the momentum phase, the Reversal Signals generate support & resistance levels as well as risk/stop levels.
🔹 The Trend Exhaustion Phase
The trend exhaustion phase starts after completing the momentum phase and consists of a 13-candle count. In a bullish trend exhaustion phase, each candle’s close is compared to the close of two candles earlier, and the close must be greater than the close two periods earlier. In a bearish trend exhaustion phase, each candle’s close is compared to the close of two candles earlier, and the close must be lower than the close two periods earlier.
The trend exhaustion phase does not require a consecutive sequence of candles; if the order of candles is interrupted, the trend exhaustion phase is not canceled. The trend exhaustion phase generates stronger trading signals than the momentum phase, with the potential for longer-lasting price reversals.
🔹 Trading Signals
The Reversal Signals script presents an overall setup and some phase-specific trade setup options, where probable trades might be considered. All phase-specific trade setups, presented as options, are triggered once the selected phase is completed and followed by a price flip in the direction of the trade setup.
Please note that those setups are presented for educational purposes only and do not constitutes professional and/or financial advice
- Momentum: Enter a trade at momentum phase completion, and search for buy (sell) when the bullish (bearish) momentum phase pattern is complete. Ideally, the momentum phase completion should close near its support/resistance line but shall not be above them, which indicates continuation of the trend
- Exhaustion: Enter a trade on trend exhaustion phase completion, and search for buy (sell) when the bullish (bearish) trend exhaustion phase is complete
- Qualified: Buy (sell) when a bullish (bearish) trend exhaustion phase combined with another bullish (bearish) momentum phase sequence is complete
Long trade setups are presented with "L" label and short trade setups with "S" label, where the content of the label displays details related to the probable trade opportunity
Once a phase-specific trade setup is triggered then the Reversal Signals script keeps checking the status of the price action relative to the phase-specific trade setups and in case something goes wrong presents a caution label. Pay attention to the content of the caution labels as well as where they appear. A trade signal, followed immediately by a warning indication can be assumed as a continuation of the underlying trend and can be traded in the opposite direction of the suggested signal
It is strongly advised to confirm trading setups in conjunction with other forms of technical and fundamental analysis, including technical indicators, chart/candlestick pattern analysis, etc.
🔶 DETAILS
The Reversal Signals script performs the detection of the phases by counting the candlestick meeting the specific conditions, which includes:
- Detection of the 8th and 9th candle perfection during the momentum phase
- In some cases, the 8th count will be assumed as momentum phase completion
- Trend exhaustion phase counting stops in case any type of momentum phase completion is detected during the counting process
- Postponing the last count of the trend exhaustion phase, the 13th candle must be below/above the 8th candle and if not the candles will be indicated with '+' sign under them and the script continues to search for a 13th candle at the next ones until the conditions are met
🔶 ALERTS
When an alert is configured, the user will have the ability to be notified in case;
Momentum / Trend Exhaustion phase completion
Support & Resistance level cross detection
Stop / Risk level cross detection
Long / Short Trade Setups are triggered
Please note, alerts are available with 'any alert() function call' and the alerts will be received only for the features that are enabled during alert configuration
🔶 SETTINGS
🔹 Momentum Phase
Display Phases: displays the momentum phases, where the Completed option allows the display of only completed momentum phases. The detailed option allows the display of the entire process of the momentum phase processes
Support & Resistance Levels: Toggles the visibility of the Support & Resistance Levels and Line Styling options
Momentum Phase Risk Levels: Toggles the visibility of the momentum phase Stop/Risk Levels and Line Styling options
For color options please refer to the options available under the style tab
🔹 Trend Exhaustion Phase
Display Phases: displays the trend exhaustion phases, where the Completed option allows the display of only completed trend exhaustion phases. The detailed option allows the display of the entire process of the trend exhaustion phase processes
Trend Exhaustion Phase Risk Levels: Toggles the visibility of the trend exhaustion phase Stop/Risk Levels
Trend Exhaustion Phase Target Levels: Toggles the visibility of the trend exhaustion phase Target Levels
For color options please refer to the options available under the style tab
🔹 Trade Setups
Overall Trend Direction & Trade Setup: displays the overall trend and probable trade setup levels, the users should search for a price flip and confirm with other means of technical and fundamental analysis for the trade setups once the label is plotted
Phase-Specific Trade Setup Options
Momentum: Searches for a trade setup after momentum phase completion
Exhaustion: Searches for a trade setup after trend exhaustion phase completion, stronger trend reversal possibility compared to momentum phase setup
Qualified: Searches for a trade setup after the trend exhaustion phase followed by a momentum phase completion
None: No trade setups are presented
Price Flips against the Phase Specific Trade Setups: enables checking the price action relative to the phase-specific trade setups
🔶 RELATED SCRIPTS
Here are the scripts that may add additional insight during potential trading decisions.
Buyside-Sellside-Liquidity
Support-Resistance-Classification
SMC Toolkit |ASE|This indicator provides 10+ features all-in-one. Focusing on price action and Smart Money concepts, we have provided automated multi-timeframe features such as Market Structure(BOS / CHoCH) to identify trends, Fair Value Gaps to identify Imbalances, and much more.
Pure price action analysis is a preferred strategy over indicators due to their lag and noise. Many traders popularized SMC or “Smart Money” concepts to identify and trade like/with institutions or Smart Money traders. We have automated these features and made them multi-timeframe to simplify your charting process and advance your trading so you can efficiently trade.
Features:
The included price action features are listed below:
- Multi-Timeframe Market Structure (BOS, CHoCH, MSS, IDM)
- Trend based Candle Coloring
- Multichart (Extra time frame on the same chart)
- Multi-Timeframe Fair Value Gaps & Balanced Price Ranges
- Trapped Market Participants (Multi-Time Frame based on Orderblocks)
- SMT Divergences
- Volume Imbalances
- Premium Discount Array
- Displacement Candles
- Previous OHLC (Daily, Weekly, Monthly)
- VWAP and Std.Dev. Waves
Benefits & Examples:
In the image below we can see plenty of trade setups that formed in confluence with the features we were using. Displayed we have higher timeframe FVGs as our point of interests, Market Structure (Trend Bar Coloring) as our entry confirmation, and Liquidity Levels as our targets.
In this image we can see the same setup as before, higher timeframe FVG with Market Structure reversal targeting a Liquidity Level. In addition we can see the Trapped Market Participants feature showing trapped sellers at the low which provides additional confluence for our long position and offers a cleaner and safer entry on the pullback.
Our goal is to provide as many useful features as possible, automating the process to make it easier and quicker for us as traders. We want to spend less time charting and more time planning proper trades.
EqwhaleDisplay Equal high/ low, alert when liquidity is taken.. or created !
An innovation that flows a bit if you are an SMC trader and which was actually missing on TradingView: identification of equal high/low, alerts when liquidity is taken... or created!
Its choice in the design means that it gives more importance to the last identified pivots: that is to say that it will display more recently created liquidity than old one! Perfect for identifying market inducement mechanisms (SMC) under an area of interest. This is a typical pattern of induction and false breakout: 2 hits, the break, reintegration, and real move :
Quick exemple on BTC, you are alerted by liquidity created:
Then we grab, and deep. :)
You can display "old broken lines" for backtesting. Careful, it actually display lines when pivot is detected and broken at the same time : it's false. checks that the line has been touched twice :) So, some false lines in the backtest but it does not affect the indicator at all.
You can set number min of pivot at 1 to plot current high/low untested !
Custom GridIt's a simple little tool that enhances Tradingview's horizontal level grid. Set the range of up to 12 assets, you save your model, and the levels will show up automatically when you switch between graphs.
it is obvious to note that the market reacts on the round levels if it discovers its levels for a long time.
Where using notions of supports / resistances gives you level information once the level has been created, again you can correlate this indicator with other SMC and price action tools to identify areas of rejections or dips. institutional interventions.
Liquidity mapLocate institutional daily, weekly, and monthly liquidity intervention zones in an innovative format that allows you to fractalize the degree of trend reversal opportunity across multiple lengths!
Far from the traditional formats to tell you "where's the high/low", we display with this map the grab levels relating to the amplitudes of the measured period.
You can check "show old levels" to backtest these potential fractal reversal areas.
Use the levels that interest you according to your working UT (scalping, intraweek, swing, etc.), or take all the elements into consideration for your trading management :
Confluence the information to optimize your entry and shelter your stop loss under strong levels rejections !
Default parameters are: display high/low weekly & monthly, display liquidities levels in daily.
ASTRE Buy/SellWe have designed one of the best buy /sell indicators ! based on our "Reversal score" indicator, a set of strict conditions based on dynamic divergences and fisher's transformation allows to trigger buy signals. The idea is that at a certain level of technical pressure from the indicator, the market has a high probability of changing direction !
(always with the objective of capturing the best top/bottom :) )
Did you miss your trade entry? No problem! The "Barcolor retest" feature allows you to identify a perfect entry on a retest once the structure has been confirmed after a signal:
Exemple on 30s chart :
Using advice :
Use an ATR-type stop loss, or shelter behind bollinger, a short, fixed distance in pips at a minimum below the last local high/low. Your stop loss must be tight and relevant!
For take profit, I recommend that you trail stop part of your position, exit on a contrary signal, or exit part of the position at 5:1 for example.
it is recommended to lower your risk for each identical consecutive signal: 3 buy signals in a row, take a risk for example of $100 on the first, $70 on the second, $40 on the third. The idea is not to be suffocated by the multiple bad signals within the framework of a bad time frame compared to the amplitude of the trend that we seek to take against the trend!
SOON: Easier configuration for 3 commas, backtests. Stay tuned !
astre_ts can in no way be held responsible if your trading account is liquidated after having followed a buy/sell signal and used a large leverage. The signals are reversals: so many are false before having a (very) good trade. Be sure to have strict risk management, or to use a complete strategy so that your results are faithful to the backtests.
Reversal scoreDynamic divergence indicator on 3 indicators, without delays or repaints
Technological choices have been made so as not to lie to you about the signals, and so that the backtesting is perfectly faithful to reality. The market is analyzed and looks for a dynamic status of divergence on the Fisher transformation, the Money Flow Index and the MACD: if the status is "divergence", it is quantified by a divergence score to assess its potential and whose parameters are multiple (including market structure during divergence status).
At the top Reversal score, at the bottom the divergence indicator integrated in Tradingview. On this last candle, there will indeed be an RSI divergence but which will only be displayed 5 candles later, where ASTRE displays it to you in real time:
You will notice how certain spikes trigger sharp divergence – an anomaly between the movement of the price and that of the indicators is a good sign of an instant reversal, and in m2, a way to take a 2:1 TP in seconds:
Usage tip: Follow the signals in the direction of the main trend! They are much less numerous but very effective! :
[TEMPLATE] Code Block Comments█ OVERVIEW
Here I present to the community at large a collection of code comment blocks that I think will be useful, especially for larger script projects bordering on 2,000 lines or above of code.
█ PLANNED FUTURE UPDATES
Work with the community to expand this template to be even more useful with the inclusion of useful global colour sets, variables, tooltips, groups, etc.
better script thumbnail.
full-screen table or label outlining the script's use-cases.
Fibonacci Toolkit [LuxAlgo]This toolkit aims to display multiple Fibonacci drawing tools including retracements, arcs, circles, fans, timezones and spirals.
Usage
Upon adding the indicator to the chart, users will be prompted to choose a starting point and an ending point for the calculation of the drawing tools.
Users can then navigate to the settings of the toolkit and choose which drawing tool to display using the Fibonacci drop-down menu. Users are also free to change the default Fibonacci ratios used by the indicator from within the settings. Each tool is described below.
Retracements
Fibonacci retracements display multiple levels constructed using the starting price point, ending price point, and multiple Fibonacci ratios. These levels can be used as support and resistance.
Arcs
Fibonacci arcs display multiple semi-circles. Each semi-circle crosses the line connecting the starting & end price point at a certain percentage determined by Fibonacci ratios. These arcs can be used as support and resistance.
Circles
The Fibonacci circles are similar to the Fibonacci arcs but display a full circle instead. Users can expect the price to bounce off of the circles.
This tool is less commonly used by traders.
Fan
A Fibonacci fan is a tool displaying trendlines all connected to a starting point and extending to a point determined by Fibonacci ratios. These can also be used as support and resistance.
Timezone
Fibonacci timezones return a series of horizontal lines. The distance of the lines increases by a factor given by the numbers in the Fibonacci sequence.
This tool can be useful to highlight points where a trend might reverse assuming that their duration increases over time.
Spiral
The Fibonnaci spiral displays a spiral that grows by a factor given by the golden ratio. This indicator returns a spiral using 7 turns (5 internal) and sets the origin of the spiral to the ending point which is selected by the user. The height of the spiral is based on the price range between the starting point and ending point.
Note that potential display artifacts can be seen when fitting the spiral on stocks and forex pairs.
Angel Algo PremiumAngel Algo provides a set of tools, combined into one solution. Each tool complements each other and is made to uniquely support your trading decisions for your daily trading tasks. You can immerse yourself into our customizable tools to create your own strategies using them.
With Angel Algo you can:
* Find trend direction using three different algorithms designed for trend following, swing and intraday traders.
* Determine market sentiment, overall trends and volume with our full custom dashboard.
* Get real-time support and resistance levels plotted automatically
* Get trend confirmation using one of the two custom candle coloring algorithms
Trading signals
We have 3 different algorithms for entry signals you can choose from
Regular Buy And Sell Signals
Our regular Buy And Sell Signals are finding optimal times to enter for any security. This algorithm uses our original trend filter based on market volatility that adapts to different assets and market conditions.
We give traders the ability to adjust the sensitivity and aggression of these signals to market price changes, as well as the option to make them less sensitive to ranging markets so you can adjust to any market.
We added Auto Best Settings toggle to automatically optimize the settings for you if you'd like.
By adjusting the sensitivity and aggression parameters you can adopt the signal algorithm to different trading styles. For trend following which tries to capitalize on longer trends you should make the signals to be less frequent by adjusting this parameters. The settings that lead to more frequent signals suit to swing trading style.
Strong Signals Algorithm
The Strong Signals use an algorithm based on trend filtering coupled with confirmation signal based on higher time frame trend direction. It finds "Strong" buy or sells that are a tad different from the regular buy & sell signals you will see, a lot of the time they land on top of each other which can be used as an extra confirmation tool. Traders can also use this as a stand alone on higher timeframes.
Angel Intraday algorithm
We constantly try to push Pine script to its limits developing new features. Angel Intraday is our machine learning algorithm in beta that scans for intraday contrarian signals.
To find entry points it forecasts price range for a trading session using linear regression analysis and Kalman filtering.
If an asset is trading 24 hours a day it works with 12 hour sessions, for stocks it forecasts a price range for 7 hour trading sessions which represent the full trading day.
You can use this algorithm to get intraday trading signals for any asset. One of the advantages of this algorithm is that it gives identical signals for all intraday timeframes. The optimal time frames to view the signals and to enter positions are any.
What is the information in our Dashboard?
We offer real-time dashboard showing useful information to analyze market conditions:
- Angel Algo Trend Detection
- Directional Movement
- Angel Cloud for moving average detection
- Relative Volume
- Overall Market Sentiment
All of this information is aimed to help traders understand when the market regime is changing. The first three features help you to judge about trend strength. Relative volume shows current activity of market participants. Overall market sentiment reflects the actual bias for market direction.
Trend weakness, low market activity and neutral sentiment are the signs that can help you in early detecting of ranging market and avoid false trend signals or switch to contrarian mode.
The tools provided by Angel Algo are designed to help you perform rational actions based on the market data in a systematic way and to reduce emotional factor in your trading.
Using this script, please, keep in mind that that past performance does not necessarily represent future results and that there are trading.
BITMEX TOOL - open/close positions in BITMEX - JSBOTBitmex tool with risk management
- Open positions in Bitmex from tradingview by alerts
- Set order quantity(bitmex account’s percentage), entry P rice, stoploss, takeprofit, trade direction and type order
- The entry price and the stoploss are in the same alert, if you want only open a position without a stoploss you should set it in zero (0)
- Take profit is optional so is in other alert
- If you chose Limit, when the alert is triggered an order will placed at $5 below the entry price in longs positions or $5 above the entry price in short positions (the same with the take profit)
- This indicator works with JSBOT (jsbot.online)
If you need more flexibility use the JSBOTs commands to set any indicator as you want
LuxAlgo® - Oscillator Matrix™Oscillator Matrix™ is an all-in-one indicator that incorporates 6+ unique components designed for interoperability & confluence with one another to provide a powerful trend following & reversal detection experience.
Users can create various ways to utilize the indicator's features together such as looking for excess money flowing into the market alongside strong reversal signals appearing or getting real-time divergence signals alongside a lack of money flowing into the market to predict upcoming trends.
This indicator is described as an 'Oscillator Matrix' as it's made up of many different components that can create a systematic approach to analyzing markets alone, however, the indicator also can serve as a great secondary piece to a user's primary analysis with or without our other LuxAlgo Premium indicators.
🔶 FEATURES
Below we describe each component of Oscillator Matrix™ in order of each's significance for the most confluent analysis possible.
Money Flow - Easily see the amount of buying or selling liquidity entering the market by analyzing the green & red waves and how they react with their thresholds to achieve further insight. Best to analyze first before considering any signals the indicator can generate.
Thresholds - Dynamic levels that align above/below the Money Flow to show at which level significant buying or selling is actually taking place.
Overflow - Small lighter waves that occur within the Money Flow's display when excess buying or selling activity is occurring to accurately predict upcoming reversals.
Hyper Wave - An oscillator ribbon in green/grey that provides highly reactive trend following signals & powerful divergence detection.
Real-Time Divergences - Real-time divergence labels that appear on the Hyper Wave oscillator's adaptive ribbon. A highly effective approach to a concept that's not typically done for oscillators. Users can also increase the sensitivity of divergences within the settings.
Reversal Signals - Small dots on the upper or lower boundaries represent high frequency points that indicate possible reversals or a warning signal to upcoming larger reversal signals which are indicated separately by the large triangular arrows on the top & bottom of the indicator's panel.
Confluence Zones - Allows the Money Flow & Hyper Wave oscillator to be used together to display easily interpretable shades of bullish & bearish activity. Brighter, more vibrant colors indicate strong bullish or bearish confluence between these 2 features.
Confluence Meter - An optional display at the current bar to easily find the current level of confluence between all features within Oscillator Matrix™ indicated by the arrow pointing to bullish or bearish levels. (Disabled by default)
Generally, we recommend using these features in order from first to last, whereas analyzing components of the Smart Money Flow category prior to considering other features in your analysis is most productive to ensure you find proper confluence alongside any signal that is generated.
🔶 USAGE
In the image below, we can see 5 points of interest to a user analyzing Oscillator Matrix™ based on various different behaviors.
Point 1 : Here we can see a large reversal signal arrow at the bottom of the panel. These signals, like all signals in LuxAlgo Premium & any indicator in general are not meant to be used as buy/sell signals themselves.
What makes this signal particularly more of interest opposed to other reversal signals that may not play out right away is the Money Flow that corresponding as weak. We can tell the Money Flow is weak because it is not near the red threshold level.
This indicates to us that there is not real selling pressure occurring and that the market could easily reverse in these conditions.
Point 2 : In this specific area we can notice the Money Flow in green is moving upwards alongside the green threshold level. This combination indicates a high probability there is a lot of real buying volume coming into the market, opposed to the previous example (point 1) where the Money Flow was not near the threshold level.
We can also notice the Hyper Wave Oscillator is printing a green dot while above the 50 value on Oscillator Matrix™ panel, further indicating a likely bullish impulse to come.
Point 3 : There are multiple indications here showing us the market may potentially be reversing. The most notable being the larger red reversal arrow, however, as we mentioned previously these cannot be used by themselves.
A further indication is that on the Money Flow we can see Overflow has occurred by the lighter small wave that has appeared & is now turning downwards. This indicates that an excess of buyers have come into the market & are likely to be washed out with a move to the downside.
We can see this happen once again about 8 candles later paired with a high frequency reversal signal (red dot) which marked a local high before the larger impulse down.
Point 4 : You can notice during the recent 25 or so candles the high frequency reversal points (green & red dots) have been highly effective for indicating potential local highs & lows in real-time.
There was a previous real-time bullish divergence detected while Money Flow was strongly in the red and this did indicate a small move upwards, however, with the Money Flow still holding in the red, another high frequency reversal dot, and then as the Money Flow begins to decrease further, we see a clean local top detected here at point 4.
Point 5 : As the lower Confluence Zone moved into the bright red, we saw a large move to the downside and a large bullish reversal signal printed in real-time as well.
Just like point 1, we have a very clear indication the selling has stopped as we further analyze the Money Flow is nowhere near it's true Activity Line.
This analysis combined gave us a further indication of a larger reversal which played out with no lag at all as all reversal signals are fully predictive separate from the Hyper Wave oscillator itself, which can be used as a further trend following approach alongside signals & money flow.
🔶 NAVIGATING MARKET CONDITIONS
In the image above we can see another example with 6 new points of interest marked in green & red shaded areas, all accompanied by a list of possible interpretations of the indicator.
The importance of this usage example is to demonstrate the ability to focus on certain components of the indicator during specific market conditions. For any indicator attempting to catch reversals, trending market conditions will be a detriment to its usability.
The same amount of the components within Oscillator Matrix™ will support trending market conditions as there are components to support ranging market conditions. The indicator further aims to provide clear abilities to detect when the market is likely trending or ranging.
With an understanding of the components within the Smart Money Flow section particularly such as the Overflow & Thresholds, it's possible to develop a more significant understanding of when to consider the market is trending vs when to consider the market may be ranging.
By doing this, we can potentially determine at certain points when to 'filter out' reversal signals or to just consider them merely indications of local tops/bottoms opposed to significant tops/bottoms.
Analyzing a significant Overflow particularly is useful to consider a trend potentially coming to an end. For example, at point 5 in the image above we had a clear downtrend only until there was a very considerable amount of Overflow that begun a real reversal.
We recommend studying the outlined chart above & the list of indications at each shaded area to develop a deep understanding of how to navigate varying market conditions & spot various points of confluence during reversals.
🔶 CONCLUSION & ACCESS
This indicator is an extremely comprehensive approach to an oscillator that allows users to further develop a systematic approach to trading and can be paired great alongside other forms of technical analysis such as our LuxAlgo Signals & Overlays indicator.
Although we believe this indicator to be useful, it's critical to understand that past performance is not necessarily indicative of future results and there are many more factors that go into being a profitable trader.
You can see the Author's instructions below to get instant access to Oscillator Matrix™ & our LuxAlgo Premium suite.
LuxAlgo® - Signals & Overlays™Signals & Overlays™ is an all-in-one toolkit made up of more than 20+ features primarily focused on generating useful signals & overlays to fulfill any trader's technical analysis needs with relevant data.
Created directly with TradingView Pine Script Wizard, alexgrover - this is a first of its kind comprehensive script made fully from the ground-up to provide an all-in-one solution for traders.
Signals & Overlays™ can be used alongside other forms of technical analysis, however, it was also designed to be used as a stand-alone toolkit that can fit any trading style. Every feature included considers how not all technical indicators fit every market condition.
The ideal way to utilize this indicator is to explore through all of the features over time, pick & choose 2-3 features best suit your style of trading, and stick with those to create your own unique LuxAlgo trading strategy.
Providing Endless Possibilities Catering To All Trading Styles
Signals & Overlays™ works in any market for discretionary analysis & includes many features:
Beginner-friendly Presets to enable multiple features at once within one-click (locks other settings when enabled).
Confirmation Signals: Normal & Strong signals to help traders confirm trends (not to be followed blindly).
Contrarian Signals: Normal & Strong to help traders spot reversals (also not to be followed blindly).
Exit Signals: "x" marks that apply for both Confirmation Signals & Contrarian Signals to suggest potential take-profit areas during signals.
Signal Optimization Methods: Sensitivity / Agility, optimal sensitvity parameter displayed on dashboard, and Autopilot (dynamic setting).
Candle Coloring: Purple/Green/Red to visualize trends developing between 'normal' & 'strong'.
6+ Indicator Overlays that helps traders visualize trends, find reversal points, and get dynamic areas of support & resistance.
Filters within "Presets / Filters" to allow users to filter Confirmation Signals with Indicator Overlays & other metrics within LuxAlgo Premium.
A complete dashboard with highly actionable metrics such as Trend Strength, current volatility, volume analysis, etc.
Advanced Settings to display customizable TP/SL points, further enhance signal optimizations, & customize dashboard size/location.
Full Any Alert() Function Call Conditions included
Highly useful Filtered Alert Creator section to generate custom filtered signal alerts with Indicator Overlays & other metrics.
+ more. (Check the changelog below for current features)
🔶 USAGE
Basic Signals & Candle Coloring Demonstration
In the image below we can see a basic example of how these 2 core components function within Signals & Overlays™.
As explained earlier, the Confirmation Signals can generate normal labels as well as strong labels marked by the "+" symbol. These signals are directly correlated to the candle coloring in order to see the development of trends & navigate through different market conditions as best as possible.
The candle coloring comes especially in handy when using signals, whereas a positive sign for an uptrend to occur rather than a fake-out is to see candles consistently hold as green. This indicates the market is strong & is likely to continue an uptrend. Vice versa for sell signals & the candles holding as red.
Normal Confirmation Signals often occur with smaller trends, retracements within larger trends, or just as signals a user may not want to trust as much directly. In order to enhance your ability to trust signals more & find more actionable use cases out of LuxAlgo Premium, we recommend going to the settings menu of the indicator & activating some indicator overlays. These are covered in the next section.
🔶 INDICATOR OVERLAYS W/ SIGNALS
In the image below we have enabled the "Smart Trail" & "Reversal Zones" indicator overlays from within the settings of Signals & Overlays™. By using these overlays alongside the signals & candle coloring, users can find more confluence to create trading strategies or plans.
The Smart Trail provides an excellent area of dynamic support/resistance for traders, as well as an additional confluence for general trend following purposes alongside the Confirmation Signals.
The Reversal Zones are particularly useful for areas to immediately take profit on trades, however, during strong trends price may continue rising or falling through the Reversal Zones which makes a good use case of waiting for price to first exit the Reversal Zones before considering the next move in the market.
In the next image below we can see the market is generally ranging, making it more complicated for the standard Confirmation signals to perform greatly as they are meant to excel for finding developing trends. This image displays the Contrarian Signal Mode, Contrarian Gradient candle coloring, as well as the Trend Catcher Indicator Overlay to help us trade these market conditions specifically.
Paired with the Contrarian based candle coloring, these signals can be helpful to a trader looking to find confluent reversals. You can also see the Trend Catcher indicator overlay gives a hybrid approach to analyzing the underlying trend within this price action.
Some traders naturally are Contrarian in nature, so this signal mode may be of primary interest to them, however, most of the use cases will come from the standard Confirmation sigals paired with other overlays or regular technical analysis.
🔶 SIGNALS WITH AI CLASSIFICATION
Our toolkit is able to classify generated signals using a simple machine learning algorithm into four levels. These levels indicate if a signal will most likely indicate a trend continuation (level 3/4) or a reversal/retracement (1/2).
Users are able to filter out certain signals depending on their classification, only keeping signals of interest and potential filtering out false signals.
🔶 FILTERS
In the next image below we can see after resetting the Signals & Overlays™ indicator to it's defaults, we have simply enabled the "Smart Trail Filter" from within the Presets / Filters section at the top of the settings.
By doing this, we can filter out signals that are not aligned with the Smart Trail indicator overlay, which gives direct confluence in every signal that generates on the chart.
Applying filters to signals do not necessarily make them instantly "better" than using the indicator without them. Between every technical indicator, there are trade-offs. So while we can now use Confirmation signals & retests of the Smart Trail as great optimal entry points, at times the indicator may miss signals or retests of the Smart Trail.
The same is seen below with another one of the Filters within Signals & Overlays™; Trend Strength Filter.
We can see the indicator is using the Trend Strength metric to only generate Confirmation Signals that align with a trending market which can clean up a lot of noise during retracements as well as ranging markets.
However, the trade-off present now with this filter enabled is that at times the indicator will miss trends, in which we'd still need to be aware of the price action, candle coloring, or other forms of analysis to give us indications the market may start a new trend opposed to just relying on signals directly.
🔶 CONCLUSION
We believe that success lies in the association of the user with the indicator, opposed to many traders who have the perspective that the indicator itself can make them become profitable. The reality is much more complicated than that.
The aim is to provide an indicator comprehensive, customizable, and intuitive enough that any trader can be led to understand this truth and develop an actionable perspective of technical indicators as support tools for decision making.
You can see the Author's instructions below to get instant access to this indicator & our LuxAlgo Premium indicator suite.
🔶 RISK DISCLAIMER
Trading is risky & most day traders lose money. All content, tools, scripts, articles, & education provided by LuxAlgo are purely for informational & educational purposes only. Past performance does not guarantee future results.
💧Klondike Watermarking Tool by Cryptorhythms💦Klondike Group Watermarking Tool by Cryptorhythms
👋Heirophant and the Cryptorhythms Team here with a script that is sorely needed....
💭I got to thinking about how so many scammers on telegram and other media reuse other peoples charts and analysis (sometimes selling them). I find the whole scheme repugnant. Consequently I wanted to help legitimate groups keep their intellectual property ownership and brand integrity.
👮This is for Chartists and Signals Groups both Public and Private. It helps to prevent copiers from stealing/reposting charts & signals. It watermarks the chart with an ascii art drawing.
There will be many groups to get one of these! Please dont ask for access as this is for their admins only.
But dont despair - there will be a public library watermarking script with a ton of funny trading memes in it for you to mess around with (estimated release in a week or so - just adding more watermarks).
💬 If your group is interested in a custom watermark, contact me and let me know! (They are free!)
🖖Happy Trading!
💦Gunbot Watermarking Tool by Cryptorhythms💦GunbotGroup Watermarking Tool by Cryptorhythms
👋Heirophant and the Cryptorhythms Team here with a script that is sorely needed....
💭I got to thinking about how so many scammers on telegram and other media reuse other peoples charts and analysis (sometimes selling them). I find the whole scheme repugnant. Consequently I wanted to help legitimate groups keep their intellectual property ownership and brand integrity.
👮This is for Chartists and Signals Groups both Public and Private. It helps to prevent copiers from stealing/reposting charts & signals. It watermarks the chart with an ascii art drawing.
There will be many groups to get one of these! Please dont ask for access as this is for their admins only.
But dont despair - there will be a public library watermarking script with a ton of funny trading memes in it for you to mess around with (estimated release in a week or so - just adding more watermarks).
💬 If your group is interested in a custom watermark, contact me and let me know! (They are free!)
🖖Happy Trading!
💧WCSE Watermarking Tool by Cryptorhythms💦WCSE Group Watermarking Tool by Cryptorhythms
👋Heirophant and the Cryptorhythms Team here with a script that is sorely needed....
💭I got to thinking about how so many scammers on telegram and other media reuse other peoples charts and analysis (sometimes selling them). I find the whole scheme repugnant. Consequently I wanted to help legitimate groups keep their intellectual property ownership and brand integrity.
👮This is for Chartists and Signals Groups both Public and Private. It helps to prevent copiers from stealing/reposting charts & signals. It watermarks the chart with an ascii art drawing.
WCSE is the first of many groups to get one of these! Please dont ask for access as this is for their admins only.
But dont despair - there will be a public library watermarking script with a ton of funny trading memes in it for you to mess around with (estimated release in a week or so - just adding more watermarks).
💬 If your group is interested in a custom watermark, contact me and let me know! (They are free!)
If you follow/subscribe to me, I apologize for any spam. Please dont unfollow, after this weekend there will be much less script publication spam.
🖖Happy Trading & Live Long and Prosper!
Israr21 [RSI]In Previous Post, I have uploaded Israr21(Reverse Fisher). Now For more accurate results, I am publishing Israr21(RSI), which will be given as bonus with Reverse Fisher after Purchasing. Using both indicators will be helpful for trader to trade as risk-free. For understanding, I have marked signs in Red and Green along text. Before purchasing, you can contact me for Free Trial version of 2 Days. .
If someone Trade short/sell, then Trader should have checked 15Min Chart to close the short. After RSI touched 0.00 Level.
