Approximate Spectral Entropy-Based Market Momentum (SEMM)Overview
The Approximate Spectral Entropy-Based Market Momentum (SEMM) indicator combines the concepts of spectral entropy and traditional momentum to provide traders with insights into both the strength and the complexity of market movements. By measuring the randomness or predictability of price changes, SEMM helps traders understand whether the market is in a trending or consolidating state and how strong that trend or consolidation might be.
Key Features
Entropy Measurement: Calculates the approximate spectral entropy of price movements to quantify market randomness.
Momentum Analysis: Integrates entropy with rate-of-change (ROC) to highlight periods of strong or weak momentum.
Dynamic Market Insight: Provides a dual perspective on market behavior—both the trend strength and the underlying complexity.
Customizable Parameters: Adjustable window length for entropy calculation, allowing for fine-tuning to suit different market conditions.
Concepts Underlying the Calculations
The indicator utilizes Shannon entropy, a concept from information theory, to approximate the spectral entropy of price returns. Spectral entropy traditionally involves a Fourier Transform to analyze the frequency components of a signal, but due to Pine Script limitations, this indicator uses a simplified approach. It calculates log returns over a rolling window, normalizes them, and then computes the Shannon entropy. This entropy value represents the level of disorder or complexity in the market, which is then multiplied by traditional momentum measures like the rate of change (ROC).
How It Works
Price Returns Calculation: The indicator first computes the log returns of price data over a specified window length.
Entropy Calculation: These log returns are normalized and used to calculate the Shannon entropy, representing market complexity.
Momentum Integration: The calculated entropy is then multiplied by the rate of change (ROC) of prices to generate the SEMM value.
Signal Generation: High SEMM values indicate strong momentum with higher randomness, while low SEMM values indicate lower momentum with more predictable trends.
How Traders Can Use It
Trend Identification: Use SEMM to identify strong trends or potential trend reversals. Low entropy values can indicate a trending market, whereas high entropy suggests choppy or consolidating conditions.
Market State Analysis: Combine SEMM with other indicators or chart patterns to confirm the market's state—whether it's trending, ranging, or transitioning between states.
Risk Management: Consider high SEMM values as a signal to be cautious, as they suggest increased market unpredictability.
Example Usage Instructions
Add the Indicator: Apply the "Approximate Spectral Entropy-Based Market Momentum (SEMM)" indicator to your chart.
Adjust Parameters: Modify the length parameter to suit your trading timeframe. Shorter lengths are more responsive, while longer lengths smooth out the signal.
Analyze the Output: Observe the blue line for entropy and the red line for SEMM. Look for divergences or confirmations with price action to guide your trades.
Combine with Other Tools: Use SEMM alongside moving averages, support/resistance levels, or other indicators to build a comprehensive trading strategy.
Trend Analysis
Multi-Timeframe EMA Distance & % Change TableDescription of Multi-Timeframe EMA Distance & % Change Table
The Multi-Timeframe EMA Distance & % Change Table indicator is designed to display the distance and percentage change between the current price and the Exponential Moving Averages (EMAs) on multiple timeframes. It creates a table to show these values, with customizable options for decimal precision .
Key Features:
Inputs:
- Timeframes (tf1, tf2, tf3, tf4): User-defined timeframes for EMA calculations (e.g., 1 minute, 15 minutes, daily, etc.).
- EMA Levels (emaLevel, emaLevel2, emaLevel3): User-defined periods for three different EMAs.
EMA Calculations:
- Computes EMAs for the specified levels (50, 100, 200) on each of the user-selected timeframes.
Plotting:
- Plots the EMAs on the chart with distinct colors: Orange, Teal, and Green for different EMAs.
Display Options:
- Checkbox (displayAsPercentage): Allows the user to toggle between displaying distances or percentage changes.
- Decimal Precision:
- decimalPlacesDistance: Specifies the number of decimal places for rounded distance values.
- decimalPlacesPercentage: Specifies the number of decimal places for rounded percentage values.
Table Creation:
- Location: Table is placed in the top-right corner of the chart.
- Headers: Includes columns for each timeframe and EMA distance/percentage.
Distance and Percentage Calculations:
- Distances: Calculated as the difference between the current price and the EMA values for each timeframe.
- Percentages: Calculated as the distance divided by the EMA value, converted to a percentage.
Decimal Rounding:
- Custom Rounding Function: Ensures that distance and percentage values are displayed with the user-specified number of decimal places.
Color Coding:
- Distance Values: Colored green if positive, red if negative.
- Table Entries: Display either the rounded distance or percentage, based on user selection.
Table Update:
- The table is dynamically updated with either distance or percentage values based on the user's choice and rounded to the specified number of decimal places.
This indicator provides a comprehensive overview of EMA distances and percentage changes across multiple timeframes, with detailed control over the precision of the displayed values.
Market Core [BigBeluga]MARKET CORE Toolkit
The BigBeluga Market Core Toolkit is a comprehensive suite of advanced trading indicators designed to provide traders with a holistic view of market dynamics, structure, and potential opportunities.
In an ever-evolving market, relying on a single indicator can leave traders vulnerable to gaps in their analysis. The BigBeluga Market Core Toolkit addresses this challenge by integrating a range of complementary indicators that work synergistically to reveal the full picture. From detecting key support and resistance levels to identifying market structure shifts, volume imbalances, inefficiencies or analysis of money flow, this toolkit covers every aspect of market behavior.
⬤ Order Blocks
BigBeluga Order Blocks revolutionize the way traders visualize potential areas of significant market activity. Unlike traditional order block indicators that often result in cluttered, noisy charts, these Order Blocks are designed for clarity and effectiveness. They simulate and predict where large areas of market orders may rest by analyzing volume and volatility, providing excellent support or resistance areas.
The blocks offer cleaner chart presentation with reasonable distribution, volume ratio visualization within each block, and categorization into Strong, High and Balanced blocks.
Additionally, a third line has been introduced to rank order blocks by volume using a modified percent rank method for more precise ranking.
This ranking system uses percentile ranks, a concept commonly used in standardized tests. In the context of order blocks, the percentile rank of a particular order block's volume is interpreted as the percentage of the order blocks strength. This method provides a more nuanced and statistically robust way of comparing and prioritizing order blocks.
Key features:
Cleaner chart presentation with reasonable distribution of blocks
Volume ratio visualization within each block (bullish vs bearish)
Categorization into High and Balanced blocks for easy identification of significant levels
Relative volume percentage and volume delta display
Advanced ranking system using modified percent rank method for volume comparison
These Order Blocks help traders:
Forecast excellent support or resistance areas
Gain insight into the balance of the market at specific levels
Identify significant market levels at a glance
Visualize market imbalances through volume delta
Prioritize order blocks based on their relative volume importance
Make more informed decisions about potential entry and exit points
⬤ Beluga Profile
The Beluga Profile is a revolutionary market analysis tool that transforms complex market data into a clear, intuitive visual narrative. At its core, it combines a Dual-Profile Analysis, merging Delta Volume Profile with Money Flow Profile to give traders a comprehensive view of market dynamics.
The percentage scale on the left side aren't just numbers; they represent the Levels Strength Percentage, a crucial ranking system that immediately draws your attention to the most significant price zones. Complementing this, a heat map overlay brings these strength levels to life, offering an instant, color-coded representation of where the market's most influential areas lie.
To the right, a detailed breakdown of volume and money flow for each level provides the hard data behind the visual cues. This granular information allows you to dive deep into the market's structure, understanding not just where the significant levels are, but why they matter.
Below the main chart, the Delta Volume Bar serves as a foundation, showing the average delta of the volume profile. This bar is more than just a measure of volume – it's a window into the underlying forces driving price movement. Just above this bar, a macro trend indicator in the form of an arrow offers a quick, clear signal of the overall market direction based on these delta volume calculations.
But the Beluga Profile doesn't just show you what's happening – it helps you understand the 'why' and 'how'. The Adaptive Points of Interest feature allows you to customize your analysis, focusing on the areas that matter most to your trading strategy. You can select from various options including Money Flow, Delta+, Delta-, Volume+, and Level % (Highest), tailoring the display to your specific analytical needs. This flexibility ensures you can focus on the most relevant data for your trading style. Real-time Active Price Tracking ensures you're always in sync with the latest market movements.
All of these elements work in concert, creating a symphony of market information. They empower you to:
Spot key price levels with uncanny precision
Foresee potential market turns before they happen
Grasp the quality and strength of price moves
Adjust your strategy on the fly as market conditions shift
Develop a holistic understanding of market structure and participant behavior
Make informed decisions backed by a clear view of the overall market trend
In essence, the Beluga Profile isn't just a tool – it's your market storyteller, translating the complex language of price, volume, and money flow into a narrative that you can understand and act upon with confidence.
⬤ Smart Money Concepts (SMC)
The Smart Money Concepts component of the toolkit focuses on automatically detecting key market structures crucial in technical analysis. It identifies and visualizes Break of Structure (BOS) and Change of Character (CHOCH) patterns, helping traders spot potential trend reversals and significant market movements. This includes BOS identification when price breaks previous support or resistance and CHOCH detection for potential trend reversals, with automatic detection of both bullish and bearish patterns.
The latest enhancement to this feature adds a new layer of analysis through Delta Volume Calculation. When a BOS or CHOCH is detected, the toolkit calculates the delta volume within the range from the high or low point to the break point. This analysis considers all the candles in this range and determines whether the volume is predominantly bullish, bearish, or neutral.
Bullish Volume: If the delta volume is bullish, a green diamond is plotted at the high or low point, indicating potential upward momentum.
Bearish Volume: If the delta volume is bearish, a red diamond is plotted, suggesting downward pressure.
Neutral Volume: When the volume is neutral, a yellow diamond is displayed, indicating a balance in buying and selling forces.
This visual representation of volume dynamics provides an additional layer of insight, helping traders assess the strength and direction of price movements following a structure break. You can see an example of this on the attached image, where the diamonds clearly indicate the type of volume driving the breakout.
The toolkit also incorporates Fair Value Gap (FVG) Detection. Fair Value Gaps represent inefficiencies in the market, where there is an imbalance between buy and sell orders. These gaps often act as magnets for price, potentially leading to future reversals or continuations when filled. The toolkit identifies and highlights these gaps, allowing traders to recognize areas where the market may seek to rebalance.
Additionally, Double Top and Bottom Pattern Detection has been integrated, identifying potential reversal points at these classic price formations. Double tops signal potential bearish reversals after a price peak, while double bottoms suggest potential bullish reversals after a price dip. These patterns can be crucial indicators for traders looking to capitalize on upcoming trend changes.
Smart Money Concepts help traders:
Identify potential trend reversals early with a clearer view of market structure.
Recognize significant changes in market structure and volume participation.
Differentiate between temporary pullbacks and genuine trend changes using volume insights (color coded diamonds).
Shows Fair Value gaps which helps to identify price momentum and inefficiencies in the market.
This enhancement ensures that traders can not only see structural changes but also understand the volume behind those moves, leading to more informed and confident trading decisions.
⬤ Support and Resistance Levels
This powerful tool is designed to identify key price levels in the market, providing traders with a clear visual representation of potential support and resistance areas. It goes beyond simple level identification by incorporating a sophisticated ranking system and adjustable sensitivity.
The grading system of levels is a unique feature that evaluates the significance of high and low points in the price action. It takes into consideration how many times the price has touched or interacted with specific levels. This means that levels which have been tested multiple times are given higher importance in the ranking. For example, a price level that has acted as support or resistance three times will be ranked higher than a level that has only been touched once.
By leveraging this grading system, traders can focus on the most significant levels that have repeatedly influenced price action, potentially improving the accuracy of their trading decisions and risk management strategies.
This Support and Resistance Levels indicator helps traders:
Identify and prioritize potential reversal points based on their historical significance and frequency of price interaction
Set more accurate entry and exit points aligned with key market levels, focusing on those with higher ranking
Understand the hierarchical structure of market support and resistance, distinguishing between major and minor levels
Plan stop-loss and take-profit levels with greater precision, using the ranking to gauge the strength of each level
Adapt their analysis to varying market strengths and volatilities, with the ability to filter out less significant levels
Recognize recurring price patterns and potential breakout levels based on the ranked historical price interactions
⬤ How to Use the Toolkit
Each of these indicators, while powerful on its own, works synergistically with the others to provide a more complete picture of the market.
The strength of this toolkit lies in its ability to analyze the market from multiple perspectives
Combining these advanced trading indicators into a cohesive toolkit empowers traders with a comprehensive, multi-dimensional view of the market that no single indicator could provide on its own. The market's complexity demands an approach that goes beyond relying on just one aspect, such as price action, volume, or order flow. Integrating these diverse indicators creates a robust analytical framework that captures the market from multiple angles, leading to more accurate insights and better-informed decision-making.
Analyze Order Blocks to identify potential support/resistance and volume imbalances
Use Beluga Profile for comprehensive market structure and trend analysis
Monitor SMC indicators for potential trend reversals and breakouts
Utilize Support and Resistance Levels for precise entry/exit points and risk management
Combine insights from all tools for a multi-dimensional view of market conditions
⬤ Customization
Each component of the toolkit offers various customization options to suit different trading styles and preferences. These inputs allow traders to adjust settings to better fit their analysis needs and strategies:
Order Blocks
- Order Blocks : Set the amount of Order Blocks on the chart.
- Color Selection : Choose the color for highlighting the order blocks on your chart.
Market Structure
- Sensitivity : Adjust the sensitivity for detecting market structure breaks. Higher sensitivity will detect more granular breaks, while lower sensitivity focuses on more significant movements.
- Data : Enable or disable the display of market structure data.
- Zigzag Option : Toggle Zigzag displays from highs and lows.
S/R (Support and Resistance)
- Sensitivity : Control how sensitive the tool is in detecting support and resistance levels. Lower sensitivity will highlight fewer but stronger levels, while higher sensitivity may reveal more levels.
- Width % : Adjust the width of the support and resistance zones to visually emphasize their importance.
- Color Selection : Choose colors for both support and resistance levels for better clarity.
FVG (Fair Value Gap)
- Max : Set the maximum number of fair value gaps to display. Higher values will show more gaps, while lower values will focus on the most prominent ones.
- Color Selection : Customize the color for the fair value gap areas.
Volume Profile
- Length : Define the look-back period for the volume profile analysis. A longer length considers more historical data, while a shorter length focuses on recent data.
- Levs : Choose the number of volume levels to display, allowing for more or fewer volume bars within the profile.
- BG : Enable or disable background shading for the volume profile.
- HeatMap : Activate or deactivate the heat map overlay for volume intensity visualization.
- POC (Point of Control) : Toggle the Point of Control display and choose between different metrics, such as volume+, money flow, Delta+ and Delta-, Level % (Highesr), to base the POC on.
- Color Selection : Customize the color for the Point of Control line.
These customization options provide traders with the flexibility to tailor the toolkit to their specific trading strategies, enhancing their ability to identify key market signals with precision.
Each component of the toolkit offers various customization options to suit different trading styles and preferences.
The BigBeluga Market Core Toolkit synthesizes complex market data into clear, actionable formats, providing traders with professional-level insights. It's a comprehensive market analysis system that can give traders a significant edge in understanding market behavior and identifying high-probability trade setups. While highly effective, it's recommended to use this toolkit in conjunction with fundamental analysis and sound risk management practices for optimal trading results.
GFG Turtle SoupThe GFG Turtle Soup indicator is a custom script designed to identify potential reversal points in the market by detecting specific price patterns over a user-defined lookback period. This indicator is based on the "Turtle Soup" strategy, which aims to exploit false breakouts and generate buy or sell signals when certain conditions are met.
Key Features:
Lookback Period: The indicator examines a user-defined period (default is 5 bars) to determine the highest high or lowest low, crucial for identifying potential reversal zones.
Signal Characters: The indicator provides visual cues on the chart using customizable characters (default is a turtle emoji 🐢) to mark potential bullish or bearish setups.
Pattern Detection:
Bearish Signal: A potential sell signal is generated when the current bar makes a higher high, but the close is lower than the high of the previous bar, signaling a possible reversal after a false breakout to the upside.
Bullish Signal: A potential buy signal is generated when the current bar makes a lower low, but the close is higher than the low of the previous bar, indicating a possible reversal after a false breakout to the downside.
Visual and Alert System: The indicator not only marks the signals on the chart but also triggers alerts, allowing traders to take action promptly on lower timeframes.
This indicator is particularly useful for traders looking to identify reversal points where price may have overextended in one direction, providing opportunities to enter the market in the opposite direction.
Bollinger Band + Mid BandBollinger Band + Mid Band
This indicator combines the classic Bollinger Bands with enhanced customization options, allowing traders to fine-tune the settings according to their specific strategies.
Key Features:
Moving Average Flexibility: Choose between Simple Moving Average (SMA), Exponential Moving Average (EMA), or Weighted Moving Average (WMA) as the central basis for the Bollinger Bands. This flexibility allows you to align the indicator with your preferred method of trend analysis.
Dual Band Deviation: The indicator includes two sets of upper and lower bands based on different standard deviation multipliers. This helps you analyze both the tightness of price action and potential breakout zones.
Customizable Colors: The mid-band, upper bands, and lower bands can be fully customized in terms of color, allowing you to personalize the visual representation of the indicator on your charts.
Dynamic Transparency: The space between the outer Bollinger Bands can be filled with a customizable transparent color, making it easy to visualize price movements within the bands.
Alerts for Crossovers: Alerts are triggered whenever the price crosses above the upper band or below the lower band, giving you timely notifications of potential breakout or breakdown scenarios.
Overbought/Oversold Visualization: The background of the chart changes color when the price crosses above the upper band (indicating overbought conditions) or below the lower band (indicating oversold conditions), providing a visual cue to help you identify market extremes.
Labeling for Significant Events: Labels appear on the chart whenever the price crosses the upper or lower bands, helping you quickly identify key moments for further analysis.
This script is designed for traders who want to leverage Bollinger Bands in their technical analysis but require additional flexibility and customization options. Whether you're using it for trend analysis, volatility assessment, or identifying overbought and oversold conditions, this tool can be tailored to fit a wide variety of trading styles.
Usage:
Ideal for traders looking to enhance the standard Bollinger Bands with more dynamic and customizable features.
Suitable for any market, including stocks, forex, and cryptocurrencies.
Useful in identifying volatility squeezes, breakouts, and potential reversal points.
Vmoon By:VasmaVmoon Indicator by Vasma
Overview:
The Vmoon indicator is an advanced tool designed for trend following and momentum trading, uniquely combining the Average True Range (ATR) with a Double Exponential Moving Average (DEMA). Unlike standard indicators, Vmoon provides traders with a dual-layered approach to detect trend reversals and confirm momentum, making it a robust solution for identifying trading opportunities in various market conditions.
Key Features and Calculation Methodology:
Average True Range (ATR) Based Trend Detection:
ATR Period: The user can define the ATR period, with a default setting of 12 periods. This period is crucial for accurately measuring market volatility over the chosen timeframe.
ATR Multiplier: Set at a default of 3.0, the multiplier adjusts the ATR range to determine dynamic support and resistance levels, allowing the indicator to adapt to different market conditions.
Custom ATR Calculation Method: Traders can choose between a simple moving average of the true range or the built-in ATR method. This flexibility allows for personalized risk management and signal sensitivity.
Upper and Lower Bands: These bands are calculated by adding and subtracting the ATR value from the price (hl2 by default). The bands serve as dynamic thresholds—when price breaks above the upper band, it suggests an upward trend, and breaking below the lower band suggests a downward trend.
The Vmoon indicator doesn't just plot these bands; it dynamically adjusts them based on price action, providing a real-time, adaptive system for trend detection.
Innovative Trend Identification:
Real-Time Trend Tracking: The indicator monitors price movements relative to the ATR bands, continuously updating the trend direction. This allows for quick identification of trend changes, which is critical in volatile markets.
Trend Change Detection: Vmoon captures shifts from upward to downward trends (and vice versa) with precision, generating actionable buy or sell signals. This feature helps traders stay ahead of market reversals.
Double Exponential Moving Average (DEMA) Integration:
DEMA Calculation: The Vmoon indicator uses a 200-period DEMA, which is known for reducing lag and providing a faster reaction to price changes compared to traditional moving averages. This ensures that the indicator responds promptly to emerging trends.
Crossover-Based Momentum Confirmation: The indicator generates signals based on price crossovers with the 200-period DEMA:
Buy Signal: A green triangle appears when the price crosses above the DEMA, signaling potential bullish momentum.
Sell Signal: A red triangle is displayed when the price crosses below the DEMA, indicating possible bearish momentum.
The DEMA component of Vmoon offers a long-term perspective on market momentum, acting as a filter to confirm the strength and direction of the trend.
Customizable Alerts:
Vmoon includes fully customizable alert conditions, allowing traders to stay informed about critical market movements:
Buy Signal Alert: Notifies when the trend changes from downward to upward, indicating a potential buying opportunity.
Sell Signal Alert: Alerts when the trend shifts from upward to downward, signaling a possible selling point.
General Trend Change Alert: Keeps traders aware of any direction changes, helping them to react quickly to potential reversals.
How to Use Vmoon:
Dynamic Trend Following: Use the ATR-based upper and lower bands as dynamic support and resistance levels. Monitor for breakouts to identify trend reversals.
Momentum Confirmation with DEMA: Validate trend signals by watching for price crossovers with the 200-period DEMA, ensuring that the trend is supported by strong momentum.
Signal Interpretation: Act on the buy and sell signals displayed on the chart, supported by optional alerts, to make informed trading decisions in real time.
Enhanced Customization Options:
Adjustable ATR Settings: Modify the ATR period and multiplier to better align with your trading strategy and market conditions.
Selectable ATR Calculation Method: Choose the ATR method that best suits your risk tolerance and market analysis approach.
Configurable Signal Display: Tailor the indicator to show or hide buy/sell signals based on your preferences.
Personalized Alerts: Set alerts that match your specific trading needs, ensuring that you never miss a significant market move.
Visual Representation:
Vmoon provides a clear and concise visual representation on the chart, with distinct markers for buy and sell signals, dynamic ATR bands, and the 200-period DEMA. This visualization helps traders quickly interpret market conditions and make timely decisions.
Why Vmoon is Unique:
Vmoon stands out by integrating ATR-based dynamic thresholds with the reduced-lag DEMA, offering a comprehensive solution for trend identification and momentum confirmation. This combination is not commonly found in standard indicators, and the flexibility in customization ensures that Vmoon can be adapted to suit various trading strategies and market environments. The proprietary logic behind Vmoon’s signal generation, particularly in how it adjusts to market volatility, is what makes it both powerful and worthy of protection as a closed-source script.
Configurable Level Trading StrategyThe Dynamic Level Reversal Strategy is a trading approach designed to capitalize on price movements between key support and resistance levels. This strategy leverages configurable levels the trader determines, allowing for flexibility and adaptation to different market conditions.
Key Features:
Configurable Levels:
The strategy uses three key levels: Level 1 (Support), Level 2 (Middle), and Level 3 (Resistance). These levels can be adjusted directly within the script settings, making the strategy adaptable to various trading scenarios.
Buy and Sell Signals:
A buy signal is triggered when the price touches Level 1 and shows signs of reversal. The trader enters a position and sets an initial stop-loss just below Level 1.
As the price moves upward, the stop-loss is dynamically adjusted to just below Level 2 and Level 3, locking in profits while managing risk.
A sell signal is generated if the price reverses and crosses below the current stop-loss level, ensuring the trader exits the position with minimized losses.
Iterative Process:
The strategy allows for iterative trades, where the trader re-enters positions at Level 1 or Level 2 if the price revisits these levels, continually adjusting stop-losses and take-profit targets as the price oscillates between the defined levels.
Ideal Use Cases:
Range-Bound Markets: The strategy is particularly effective in markets where the price tends to oscillate between well-defined support and resistance levels.
Volatile Markets: The dynamic adjustment of stop-loss levels helps protect against sudden price reversals, making it suitable for volatile market conditions.
How to Use:
Set the desired levels (Level 1, Level 2, Level 3) based on your market analysis.
The script will automatically generate buy and sell signals, and adjust stop-loss levels as the price moves through the levels.
Monitor the signals and execute trades according to the strategy's guidelines.
EMA 50 200 Multi-Scanner
EMA 50 200 Multi-Scanner: İndikatör Açıklaması ve Kullanım Kılavuzu
"EMA 50 200 Multi-Scanner" indikatörü, birden fazla kripto para çiftini farklı zaman dilimlerinde tarayan güçlü bir teknik analiz aracıdır. Bu indikatör, 50 periyotluk ve 200 periyotluk Üssel Hareketli Ortalamalar (EMA) arasındaki ilişkiyi analiz ederek, çeşitli zaman dilimlerinde potansiyel alım ve satım fırsatlarını tespit etmenizi sağlar. Hem kısa vadeli trendleri hem de uzun vadeli trendleri gözlemleyerek, piyasa koşullarına uygun stratejiler geliştirmenize yardımcı olur.
Ne İşe Yarar?
Trend Yönünü Belirleme: İndikatör, seçtiğiniz kripto para çiftlerinin her birinde 50 EMA ve 200 EMA arasındaki ilişkiyi analiz eder. Bu analiz, hem kısa vadeli hem de uzun vadeli trendlerin yönünü belirlemenize olanak tanır.
Zaman Dilimleri Arası Analiz: Farklı zaman dilimlerinde çalışabilen bu indikatör, günlük, saatlik, dakikalık gibi çeşitli periyotlarda trendleri ve fiyat hareketlerini incelemenizi sağlar. Bu, hem kısa vadeli ticaret fırsatlarını yakalamak hem de uzun vadeli yatırım kararlarını desteklemek için idealdir.
Alım/Satım Sinyalleri: İndikatör, fiyatın 50 EMA ve 200 EMA ile olan ilişkisini temel alarak alım ve satım sinyalleri üretir. Bu sinyaller, piyasa trendlerinden yararlanarak pozisyon açma veya kapama kararlarınızı destekler.
Dinamik Destek ve Direnç Seviyeleri: EMA seviyeleri, aynı zamanda dinamik destek ve direnç seviyeleri olarak kullanılabilir. Fiyatın bu seviyelere yaklaşması, potansiyel geri dönüş noktalarını veya trendin devamını işaret edebilir.
Nasıl Kullanılır?
İndikatör Ayarları:
EMA Uzunlukları: İhtiyacınıza göre 50 EMA ve 200 EMA'nın periyot uzunluklarını ayarlayabilirsiniz.
Renkler: EMA çizgilerinin rengini tercihinize göre özelleştirebilirsiniz.
Negatif Değerleri Gösterme: Fiyatın EMA seviyelerinin altında olduğu durumlarda negatif değerleri görmek isterseniz, bu özelliği aktif hale getirebilirsiniz.
Semboller: İndikatör, önceden tanımlanmış kripto para çiftleri üzerinde çalışır. Her bir sembol, seçtiğiniz zaman diliminde taranır ve sonuçlar gösterilir. Gereksinimlerinize göre bu sembolleri seçebilir veya çıkarabilirsiniz.
Zaman Dilimleri: İndikatör, TradingView platformundaki tüm zaman dilimlerinde çalışır. Bu, hem kısa vadeli hem de uzun vadeli yatırımcılar için esnek bir analiz olanağı sunar.
Al/Sat Sinyalleri:
Alım Sinyali: 50 EMA, 200 EMA'yı yukarı yönde kestiğinde ve fiyat bu kesişimin üzerinde olduğunda yeşil bir "BUY" etiketi ile gösterilir.
Satım Sinyali: 50 EMA, 200 EMA'yı aşağı yönde kestiğinde ve fiyat bu kesişimin altında olduğunda kırmızı bir "SELL" etiketi ile gösterilir.
"EMA 50 200 Multi-Scanner," çoklu zaman dilimlerinde ve kripto para çiftlerinde trend takibi yapmak isteyen yatırımcılar için etkili ve kullanımı kolay bir araçtır. Piyasa koşullarını daha iyi anlamak ve ticaret stratejilerinizi optimize etmek için bu indikatörü kullanabilirsiniz.
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The "EMA 50 200 Multi-Scanner" is a powerful technical analysis tool designed to scan multiple cryptocurrency pairs across different timeframes. This indicator analyzes the relationship between the 50-period and 200-period Exponential Moving Averages (EMA) to help you identify potential buying and selling opportunities across various timeframes. It enables you to observe both short-term and long-term trends, aiding in the development of market-appropriate strategies.
Purpose
Trend Direction Identification: The indicator analyzes the relationship between the 50 EMA and 200 EMA for each selected cryptocurrency pair, allowing you to determine the direction of both short-term and long-term trends.
Multi-Timeframe Analysis: This indicator can operate across different timeframes, such as daily, hourly, and minute-based periods, allowing you to examine trends and price movements in multiple contexts. It is ideal for capturing short-term trading opportunities and supporting long-term investment decisions.
Buy/Sell Signals: The indicator generates buy and sell signals based on the relationship between the price and the 50 EMA and 200 EMA. These signals support your decision-making process by highlighting opportunities to open or close positions based on market trends.
Dynamic Support and Resistance Levels: The EMA levels can also serve as dynamic support and resistance levels. When the price approaches these levels, it can indicate potential reversal points or trend continuations.
How to Use
Indicator Settings:
EMA Lengths: Adjust the period lengths of the 50 EMA and 200 EMA to suit your needs.
Colors: Customize the colors of the EMA lines according to your preferences.
Show Negative Values: If you want to see negative values when the price is below the EMA levels, you can enable this feature.
Symbols: The indicator works on predefined cryptocurrency pairs. Each symbol is scanned within the selected timeframe, and results are displayed. You can select or deselect symbols according to your requirements.
Timeframes: The indicator functions across all timeframes available on the TradingView platform, offering flexible analysis for both short-term and long-term traders.
Buy/Sell Signals:
Buy Signal: A green "BUY" label is shown when the 50 EMA crosses above the 200 EMA and the price is above this crossover.
Sell Signal: A red "SELL" label is shown when the 50 EMA crosses below the 200 EMA and the price is below this crossover.
The "EMA 50 200 Multi-Scanner" is an effective and user-friendly tool for traders looking to track trends across multiple timeframes and cryptocurrency pairs. You can use this indicator to gain a better understanding of market conditions and optimize your trading strategies.
Support line based on RSIThis indicator builds a support line using the stock price and RSI.
Inputs:
1. Time window for the RSI:
the time window the RSI is calculated with, usually it's 14 but in here I recommend 30.
2. offset by percentage:
just adding or subtructing some percentage of the result, some stocks need a bit of offset to work
3. stability:
the higher it is the less the RSI effects the graph. for realy high stability the indicator the the stock price will be realy close.
formula: (close*(100-newRSI)/50)*(100+offset)/100
when:
newRSI = (RSI + (50 * stability1))/(stability+1)
recommended usage:
Usually, if the indicator becomes higher than the price, (the price lowers). the stock will go up again to around the last price where they met.
so, for example, if the stock price was 20 and going down. while the indicator was 18 and going up, then they met at 19 and later the indicator became 20 while the stock fell to 18. most chances are that the stock will come back to 19 where they met and at the same time the indicator will also get to 19.
In stocks that are unstable, like NVDA. this indicator can be used to see the trend and avoid the unstability of the stock.
Historical Swing High-Low Gann IndicatorThe Historical Swing High-Low Gann Indicator is a powerful tool designed to track and visualize key market swing points over time. This indicator identifies significant swing highs and lows within a specified time frame and draws connecting lines between these points, allowing traders to observe the natural ebb and flow of the market.
What sets this indicator apart is its ability to maintain all previously drawn swing lines, creating a comprehensive historical view of market movements. Additionally, the indicator projects Gann-style lines from the most recent swing highs and lows, providing traders with potential future support and resistance levels based on the geometric progression of price action.
Features:
Swing Detection: Automatically detects significant swing highs and lows over a user-defined period (default is 3 hours).
Persistent Historical Lines: Keeps all previously drawn lines, offering a complete visual history of the market's swing points.
Gann-Style Projections: Draws forward-looking lines from the latest swing points to help predict possible future market levels.
Customizable Parameters: Allows users to adjust the swing detection period to suit different trading styles and time frames.
This indicator is ideal for traders who rely on price action, support and resistance levels, and Gann theory for their analysis. Whether used in isolation or as part of a broader strategy, the Historical Swing High-Low Gann Indicator provides valuable insights into the market's behavior over time.
Market Flow with Convergence🟪 Overview
The "Market Flow with Convergence" indicator leverages advanced volume metrics to accurately measure the underlying market pressure by analyzing the cumulative buying and selling volumes with the TICK index. This unique combination helps identify potential market reversals and trends, providing a comprehensive view of market flow. The indicator is particularly useful for those looking to capture convergence and divergence signals, crucial for making informed trading decisions.
🟪 Features
Volume-Based Convergence: Calculates the buying and selling pressures based on volume data, to produce color coded convergence. Visually represents areas where buying or selling pressures align.
Divergence Detection: Identifies and visually represents areas where buying and selling pressures diverge from each other, which can indicate key market turning points.
TICK Index: Incorporates data from the TICK index, normalizing and smoothing the cumulative data to highlight potential market reversals and trends.
Cumulative Flow Crossovers: Identifies and visually represents areas where buying and selling pressures crossover and become the dominant market flow.
Customizable Visualization: Uses conditional coloring and shapes to provide a clear, easy-to-interpret visual representation of the market state, making it easier to spot critical signals at a glance.
🟪 How it Works
Leveraging a combination of volume analysis and market breadth data, particularly the TICK index, to assess the underlying market pressure. By normalizing key market metrics, the indicator provides a clear view of buying and selling activity over time. The flow is standard across all charts, but convergence will change based on the charts ticker.
The indicator tracks and aggregates movements in the TICK index, allowing for an assessment of the market's cumulative momentum. This cumulative measure, combined with volume-based analysis, helps traders identify potential shifts in market trends, whether they be continuations or reversals.
The visual output of the indicator is designed to be intuitive and actionable. Key market conditions are highlighted through color-coded histograms and plot shapes, making it easy to interpret the data and apply it in real-time trading scenarios.
Understanding the Convergence Color Codes
Gray: represent periods of the markets lack of convergence, where neither buyers nor sellers have a decisive advantage. These conditions may indicate market indecision or a potential reversal point. The gray bars can also suggest a period of consolidation before a significant move.
Green: this indicates that buying pressure is greater than selling pressure, suggesting a bullish market condition. This is typically seen when the market may be trending upwards or when buyers are gaining control.
Red: signifies that selling pressure exceeds buying pressure, indicating a bearish market condition. This can be a signal that the market is trending downwards or that sellers are dominating the market.
Understanding Flow Crossovers
Green Dots: correspond to crossovers where the buying pressure (from the TICK) crosses above the selling pressure. This crossover often signals a potential upward move or a bullish market opportunity.
Red Dots: indicate a crossover where the selling pressure (from the TICK) crosses above the buying pressure. This crossover typically suggests a potential downward move or a bearish market signal.
🟪 Usage Examples
If the selling flow is consistently over buying and convergence is red, it indicates a strong and sustained bearish trend. This points to a potential downward move, with sellers predominantly in control.
When the buying flow is consistently over selling and convergence is green, it indicates a strong and sustained bullish trend. This can lead to a potential upward move, with buyers predominantly in control.
No convergence can mean it's time to be cautious. This could be a sign of market indecision, and it's often wise to wait for confirmation. This can lead to sideways market conditions or inverse of the current dominant flow.
🟪 Settings
This indicator does not require any user inputs as it automatically calculates the necessary data based on the ticker's price and volume information. It’s ready to use immediately upon application to any chart.
🟪 Limitations
This indicator is only works during the New York session of trading. It's flow values will not function outside of that trading session.
🟪 Conclusion
We believe in providing user-friendly tools to help speed up traders technical analysis and implement easy trading strategies. The "Market Flow with Convergence" offers a unique way to gauge prevailing market conditions, with simple visual cues for identifying trends.
🟪 Risk Disclaimer
All content, tools, scripts & education provided, are for informational & educational purposes only. Trading is risk and most lose their money, past performance does not guarantee future results.
Whaley Breadth Thrust IndicatorThe Whaley Breadth Thrust Indicator (WBT) is a momentum-based technical indicator designed to identify the strength of market trends. It measures the market's breadth by comparing advancing stocks to declining stocks, providing insights into whether a market is in a bullish, neutral, or bearish state. This script calculates the indicator based on the advancing and declining U.S. stocks; however, it can be expanded to other markets as well.
Breadth Thrust Ratio (BTR):
This is calculated as the ratio of advancing stocks to the total number of advancing and declining stocks.
Formula: BTR = Advances / (Advances + Declines + small_offset), where the small offset prevents division errors.
Smoothing:
The BTR is smoothed using a 3-period Exponential Moving Average (EMA) to reduce noise and highlight significant trends.
Thresholds:
0.30: Indicates a strongly bearish market.
0.40: A bearish threshold; crossing below suggests bearish momentum.
0.60: A bullish threshold; crossing above suggests bullish momentum.
0.70: Indicates a strongly bullish market.
Candle Fibs [QuantVue]The Candles Fib indicator is designed to help traders find potential levels of support and resistance based on ATR and Fibs.
How the Indicator Works
Identification of Large Candles:
🔹The indicator begins by identifying "large candles" based on their size relative to the Average True Range (ATR).
🔹 ATR (Average True Range) : ATR is a technical analysis indicator that measures market volatility by averaging the true range over a specified period, default 10 periods. The true range is the greatest of the following:
The difference between the current high and current low.
The difference between the previous close and the current high.
The difference between the previous close and the current low.
🔹In this script, a candle is considered "large" if its true range (the difference between the high and low) is at least twice the ATR.
Calculation of Fibonacci Levels:
🔹Once a large candle is identified, the indicator calculates key Fibonacci retracement levels based on the size of the candle.
🔹 Fibonacci Retracement : Fibonacci retracement levels are horizontal lines that indicate where support and resistance are likely to occur. These levels are derived from the Fibonacci sequence, a series of numbers where each number is the sum of the two preceding ones, often found in nature and markets.
🔹The most commonly used Fibonacci retracement levels are 0.382, 0.50, 0.618, and 0.786. In this indicator, the 0.50 and 0.618 levels are used.
Dynamic Plotting and Management of Levels:
🔹The indicator plots these Fibonacci levels as horizontal lines on the chart automatically.
🔹These lines extend as new bars (candlesticks) are formed, allowing the trader to see how the market reacts to these levels in real-time.
Give this indicator a BOOST and COMMENT your thoughts below!
We hope you enjoy.
Cheers!
Linear and Logarithmic Fibonacci Levels and FansIntroduction
The Fibonacci Retracement tool is a go-to for traders looking to spot potential support and resistance levels. By measuring the distance between swing highs and lows, you can apply Fibonacci ratios like 0.236, 0.382, and 0.618 to predict key market levels.
Traditionally, these levels are set by dividing this distance into equal parts—known as Linear Levels. A more refined approach, Logarithmic Levels, divides the distance into proportionally equal segments. Plus, this indicator now includes Fibonacci fans, adding another layer of analysis by projecting potential price levels using trendlines based on Fibonacci ratios.
This tool makes it easier to identify both Linear and Logarithmic levels while also leveraging Fibonacci fans for a more complete market view.
Applications
Logarithmic Levels and Fibonacci fans are ideal for volatile markets. In crypto, they’re especially effective for BTCUSDT (check out the wick from January 23, 2024). They also help spot accumulation and distribution patterns in high-volume altcoins like FETUSDT . In traditional markets, they’re useful for tracking stocks like TSLA and NVDA with extreme price swings, as well as indices in inflation-affected markets like XU100 , or recession-hit currency pairs like JPYUSD .
How to Use
This indicator is intuitive and similar to TradingView’s Fibonacci Tool. Select your reference levels (Level 1 and Level 0), then tweak the settings to customize your analysis, including adding Fibonacci fans for extra insights.
Why It’s Different
Unlike TradingView’s tool, which forces you to switch to a logarithmic scale (messing with other indicators and trend lines), this indicator lets you view both Linear and Logarithmic levels—and Fibonacci fans—without changing your chart’s scale. The original Fibonacci Code was derived from zekicanozkanli, modified and upgraded to plot fib fans as well.
Trading Desk - OPEN SOURCEThe Trading Desk - is a powerful tool designed to identify key market stages based on Break of Structure (BOS) patterns. This indicator tracks Bullish and Bearish Market Breaks (MBs) to determine four crucial market stages: Accumulation, Distribution, Reaccumulation, and Redistribution.
Accumulation: Identified when a series of Bullish MBs dominate the market, signaling a potential upward trend.
Distribution: Triggered by dominant Bearish MBs, indicating a possible market decline.
Reaccumulation: Occurs after a sequence of Bullish MBs is followed by up to three Bearish MBs, suggesting a continuation of the upward trend after a temporary pullback.
Redistribution: Appears when a sequence of Bearish MBs is followed by up to three Bullish MBs, indicating a potential continuation of the downward trend after a brief upward correction.
The indicator also includes a dynamic table displayed at the top right of the chart, showing the current market stage in real-time. This helps traders quickly assess the market environment and make informed trading decisions.
Ideal for: Traders looking to understand market structure and identify trend continuation or reversal phases.
Nautilus Oscillator [BigBeluga]NAUTILUS OSCILLATOR
The Nautilus Oscillator by BigBeluga is an advanced technical analysis tool designed to help traders identify trend direction, strength, and potential reversal points in the market. This versatile indicator combines multiple analytical elements to provide a comprehensive view of market conditions.
Why It’s Unique:
The Nautilus Oscillator is unique too, its blend of multiple technical analysis tools into a single, coherent indicator.
By smoothing with a unique and highly valued in signal processing filter, and incorporating dynamic thresholds, this oscillator offers a more refined and adaptable approach to identifying trading signals.
The filter is designed to have as flat a frequency response as possible in the passband. This means that within the range of frequencies it allows through, minimizes distortion and maintains the true shape of the signal more accurately than many other types of filters.
The addition of a trend filter and divergence detection further enhances its capability, making it a versatile tool for both trend-following and reversal strategies. The built-in dashboard and clean chart management features provide traders with a streamlined, informative, and visually appealing trading experience. This makes the Nautilus Oscillator not just a tool for analysis but a comprehensive trading system in itself.
🔵 KEY FEATURES
● Main Oscillator Line
Smoothly transitions between bullish (green) and bearish (purple) colors
Helps visualize mean-reversion, market trend, and momentum
● Histogram
Displayed below the main oscillator line
Represents the rate of change of the main oscillator
Acts as a leading indicator, often showing changes faster than the main oscillator line
Can be viewed as a predictive element, potentially indicating future movements of the main oscillator
Histogram crossover signals (small dots) can indicate short-term momentum shifts
Useful for early detection of potential trend changes or momentum shifts
● Confluence Arrows
Arrows displayed above and below the oscillator
Provide additional confluence signals that work in conjunction with the histogram
Act as supplementary indicators to confirm the main oscillator signals
Help in identifying stronger, more reliable trading opportunities when aligned with other indicator elements
● Trend Filter
Displayed as horizontal lines above and below the oscillator
Upper lines (above the oscillator): Indicate an uptrend
Lower lines (below the oscillator): Indicate a downtrend
Three lines appear when a strong trend is present
Only one line is displayed when there's no trend
Color-coded for easy identification (typically green for up, purple for down)
Color intensity indicates the strength of the trend. More intensive color indicates stronger trend
Provides a clear visual representation of the overall market trend
Helps traders align their strategies with the broader market direction
● Overbought/Oversold Thresholds
Can be set to static levels or dynamically adjust based on market volatility
Helps identify potential reversal points in the market
● Signals
Strong signals: Displayed as circles on both the oscillator and main chart (optional)
Simple signals: Shown as X marks on both the oscillator and main chart (optional)
Histogram crossover signals: Small dots on the histogram
● Stop Levels
Optional feature that plots potential stop-loss levels for strong signals
Based on the Market volatility for adaptability to different market conditions
● Divergences
Identifies and displays bullish and bearish divergences between price and the oscillator
Helps spot potential trend reversals
● Dashboard
Provides at-a-glance information about current market conditions
Displays trend direction, last signal, histogram direction, threshold mode, and divergence status
🔵 HOW TO USE
● Trend Identification
Use the main oscillator line color and position, along with the trend filter lines, to determine the overall market trend
● Entry Signals
Strong signals (circles) suggest potential entry points in the direction of the trend
Simple signals (X marks) can be used for more frequent, but potentially less reliable, entry opportunities
Histogram crossover signals (dots) can indicate changes faster than the main oscillator line
Look for alignment with confluence arrows for stronger entry signals
● Exit Signals
Use the overbought/oversold thresholds as potential enter and exit points
Stop levels (if enabled) provide dynamic exit points for risk management
● Reversal Identification
Watch for divergences between price and the oscillator for potential trend reversals
Pay attention to the histogram direction for early signs of momentum shifts
Notice changes in the trend filter lines (from three lines to one, or vice versa)
● Confirmation
Use the dashboard to quickly confirm the current market state and indicator readings
Combine signals from different elements (main line, histogram, trend filter, confluence arrows) for stronger confirmation
🔵 CUSTOMIZATION
The Nautilus Oscillator offers several customization options to suit different trading styles:
Adjust the main oscillator length
Set static or dynamic overbought/oversold thresholds
Enable/disable and customize stop levels
Toggle divergence display and adjust its parameters
Show/hide the information dashboard
Display simple signals on the main chart
By fine-tuning these settings, traders can adapt the Nautilus Oscillator to various market conditions and personal trading strategies.
The Nautilus Oscillator provides a multi-faceted approach to market analysis, combining trend identification, momentum assessment, and reversal detection in one comprehensive tool. Its visual cues and customizable features make it suitable for both novice and experienced traders across various timeframes and markets. The integration of multiple analytical elements – including the predictive histogram, confluence arrows, and adaptive trend filter – offers traders a rich set of data points to inform their trading decisions.
Market Waves [BigBeluga]MARKET WAVES
Market Waves The Market Waves [ BigBeluga ] is an all in one toolkit focusing on trends, accumulations and identifying market structures right on your chart. It is lightweight and powerful in its approaches, taking unique mathematical approaches to classical tools.
⬤ Signals
The Beluga Signals combine tested powerful ideas into a single tool. They are designed to follow trends and reduce noise in the market using low pass filtering methods. There are two types of signals founds in this toolkit; normal and power signals. Power signals are signals with a + in them indicating that the signal may be more likely to play out.
These are great when used in confluence with other trend following tools to filter them for even greater performance. Naturally traders will want to use these with confluence to confirm the trend identification.
The signals come with take profits built in. Ticks are placed on the chart indicating a potential areas to be taking profit. Using these as exits can be powerful especially when using confluence. Max Profit labels are also produced suggesting it really is the ideal time to be exiting the market before a reversal comes.
By leveraging unique low lag methods and filtering approaches, these signals offer a unique edge when compared to classical TSL such as a SuperTrend or PSAR.
⬤ Smooth Trend
The Smooth Trend (shown here with green and red shadows) also focuses on low lag noise filtering. This unique system is perfect when used for entries or as a filter. Users are able to adjust how fast or slow the trend is identified.
In the example above, we see a sell signal during the time the smooth trend is green. Therefore using confluence we can filter out the signal and proceed to take our power buy signal.
Percentages are also provided at the start of the trend. These indicate the probability this really is a new trend. In the image above we again see the trends are both labelled as 100% and the system is fully confident what we were seeing was indeed a trend reversal.
Although it may appear as a classical trend following tool, again it's uniqueness lies in its ability to locate market bottoms and respond to trends.
⬤ The Trend Accumulations
This feature focuses on elegant trend and range identification making trader's lives easier. By not cluttering the chart this system allows traders to see an asset's behavior without overlays.
Uptrends, downtrends and ranges are identified with uptrends showing with a green base line, downtrends with a red one and ranges/accumulations in blue. As shown in the image above; this is a powerful system to avoid trading ranges/chop in the market. We see a blue accumulation zone, this means the market is best to avoid. We then transition to a faint green suggesting the market is starting to move upwards.
Leveraging range detection techniques, this gives responsive market structure identification at a glance.
⬤ Voltix Bands
The Voltix Bands are a type of volatility-based band used to gauge market volatility and identify potential trading opportunities. These bands consist of two components: an upper band and a lower band. The distance between the bands fluctuates based on market volatility. When the market is highly volatile, the bands widen, and when volatility is low, the bands contract. They are unique as they uniquely apply distributions and weight volatility accordingly.
How to Use Voltix Bands:
When the price moves outside the Voltix Bands, it often signals a potential breakout. A close above the upper band may indicate the start of an upward trend, while a close below the lower band might signal the beginning of a downward trend.
Traders often use these breakout signals to enter trades in the direction of the breakout.
Detecting Overbought and Oversold Conditions:
When the price touches or moves beyond the upper Voltix Band, it can suggest that the market is overbought, indicating a potential reversal or pullback.
Conversely, when the price touches or drops below the lower Voltix Band, it may indicate an oversold condition, suggesting a possible price increase or trend reversal.
Volatility Contraction and Expansion:
Tightening Voltix Bands (when the bands contract) often precedes a significant price movement. This phenomenon is known as the "squeeze." When the bands tighten, it indicates a period of low volatility, and traders often anticipate an imminent breakout in either direction.
Widening Voltix Bands (when the bands expand) signal increasing volatility. Traders can use this as a cue to either ride the trend or be cautious of potential reversals.
Trend Following:
In trending markets, the price often stays close to the upper or lower band for extended periods. Traders can use this characteristic to follow the trend, staying long when the price is near the upper band and short when it is near the lower band. The bands also provide color coding and are green during an uptrend and purple during a downtrend.
⬤ Candle Coloring
1. Volume-Based Candle Coloring
Volume-based candle coloring mode changes the color of each candlestick according to the trading volume associated with that period. This method helps traders quickly identify periods of high or low market activity and understand the strength behind price movements.
How It Works:
High Volume: Candles are colored differently (red bearish, bright blue for bullish) when the trading volume is significantly higher than the average. This indicates strong buying or selling interest.
This mode is useful for identifying potential breakouts or fakeouts. For example, a price breakout accompanied by high volume suggests a strong move, while a breakout on low volume might indicate a lack of conviction, potentially leading to a false breakout.
2. Trend-Based Candle Coloring
Trend-based candle coloring mode changes the color of candlesticks depending on the current market trend, helping traders visually distinguish between bullish and bearish phases and neutral periods.
How It Works:
Bullish Trend: Candles are colored green when the price is in an uptrend.
Bearish Trend: Candles are colored red when the price is in a downtrend.
Usage:
This mode is beneficial for trend-following strategies, allowing traders to quickly assess the overall market direction and align their trades with the prevailing trend.
3. Momentum-Based Candle Coloring
In this momentum-based candle coloring mode, candlesticks are colored yellow for strong bullish momentum and pink for strong bearish momentum. This visual approach highlights the intensity of market movements, helping traders quickly identify prevailing momentum and potential trend shifts.
How It Works:
Strong Bullish Momentum (Yellow Candles):
Candles turn yellow when the market exhibits strong upward momentum. This might be triggered by a proprietary technique that detects when buying pressure is significantly driving prices higher, indicating that the market is experiencing robust bullish activity.
Yellow candles suggest that the price is likely to continue rising, and traders may look to capitalize on this momentum.
Strong Bearish Momentum (Pink Candles):
Candles turn pink when strong downward momentum is detected. The same technique identifies when selling pressure is dominant, pushing prices lower at a significant pace.
Pink candles indicate that bearish forces are strong, with the price likely to keep declining, making it a potential opportunity for short-selling or exiting long positions.
This color scheme is particularly beneficial for traders who prioritize momentum-based strategies. The clear distinction between strong bullish (yellow) and bearish (pink) momentum provides an instant visual cue, enabling quick decision-making.
Entering Trades:
Traders might choose to enter long positions when a series of yellow candles appears, indicating strong bullish momentum.
Alternatively, pink candles may signal an opportune moment to enter short positions, capturing the market's downward momentum.
Exiting Trades:
A shift from pink to yellow candles in a previously bearish trend could indicate a reversal, prompting traders to exit short positions.
The Market Waves toolkit is a powerful collection of unique and powerful tools. Please use DD when trading and always manage risk.
MM Market Range MapWhat this script does:
The purpose of this script is to help traders identify when the major sectors of the market are moving in one direction - also known as a "market trend day".
How this script works:
The indicator uses QQQ, SMH and NVDA to represent the technology side of the market, and XLF, XLV & IWM to represent everything else. It tracks where price is within the day's range for each of those symbols, and presents that data in a table and in also in a dot-based "map".
How to use this script:
Using the dot-based map, you can see if all symbols were ever at the highs or lows of their range together. You can use this information to decide which direction you should be trading (ie. with trend). For example, in order for there to be healthy bullish moves in the market, you would want this indicator to show you that all sectors are at the highs or trending in that direction.
What makes this script original:
Most indicators and even the TradingView watchlist measure the percent changed on the day from the closing price of a stock on the prior trading day, essentially telling you what sentiment is since yesterday. This script tells you the sentiment today since it is priced from the opening print. It also provides the map so you can see if they were ever at the highs or lows together throughout the day, which can be an early indicator that the market will trend.
Super Technical RatingsThis indicator, titled "Super Technical Ratings," is designed to provide a multi-timeframe technical analysis based on Moving Averages (MAs) and Oscillators. It offers a comprehensive view by evaluating the strength of buy and sell signals across multiple timeframes, displaying these evaluations both visually on the chart and in a table format.
I know that Technical Ratings is one of the most excellent indicators, but it’s also true that trends can often be misread due to the influence of other timeframes. Especially on shorter timeframes, there can be sudden price movements influenced by trends in longer timeframes. While it’s important to check other timeframes, switching between charts can be very cumbersome. I created this indicator with the hope of being able to check the Technical Ratings across multiple timeframes on a single screen. It goes without saying, I recommend displaying it as lines rather than histograms.
Key Features:
1. **Multi-Timeframe Analysis:**
- The indicator evaluates technical ratings on five different timeframes: 60 minutes, 240 minutes, 1 day, 1 week, and 1 month.
- Each timeframe is individually analyzed using a combination of Moving Averages and Oscillators, or either one depending on the user’s settings.
2. **Technical Ratings Calculation:**
- The ratings are based on the overall combination of MAs and Oscillators (`All`), MAs only, or Oscillators only, depending on the user's selection.
- The rating results are categorized into five statuses: "Strong Buy," "Buy," "Neutral," "Sell," and "Strong Sell."
3. **Table Display:**
- A table is generated on the chart to show the technical ratings for each timeframe. The table columns display the timeframe and the corresponding ratings for MAs, Oscillators, and their combination.
- The table cells are color-coded based on the rating, making it easy to quickly identify strong buy or sell signals.
4. **Graphical Plotting:**
- The indicator plots the technical rating signals for each timeframe on the chart. Different colors are used for each timeframe to help distinguish between them.
- Horizontal lines are plotted at 0, +0.5, and -0.5 levels to indicate key thresholds, making it easier to interpret the strength of the signals.
5. **Alert Conditions:**
- The indicator can trigger alerts when the technical rating crosses certain thresholds (e.g., moving from a neutral rating to a buy or sell rating).
- This helps users stay informed of significant changes in the market conditions.
Use Case:
This indicator is particularly useful for traders who want to see a consolidated view of technical ratings across multiple timeframes. It allows for a quick assessment of whether a security is generally considered a buy or sell across different time periods, aiding in making more informed trading decisions. The visual representation, combined with the color-coded table, provides an intuitive way to understand the current market sentiment.
zavaUnni-MTF_Volume-Based AnalysisThis Pine Script is designed for volume-based analysis across multiple timeframes. Users can select a specific timeframe, and based on the selected timeframe, the script calculates and projects key price levels such as potential highs and lows. The script also identifies significant buy and sell volumes, displaying them visually on the chart through lines and labels.
Key Points:
1.Timeframe Selection and Volume Analysis:
The script allows users to select a timeframe through an input field.
The selected timeframe is used as the basis for all subsequent volume and price calculations.
The core function vol_dir(string _TF) computes projected highs and lows based on volume data. This function determines whether the market is in a bullish or bearish phase by calculating the spread (spred) and its rate (spred_rate), and then averaging these over the selected timeframe.
2.Projected High and Low Calculation:
-Green Line: Represents the volume-based projected high for the selected timeframe (e.g., 1D).
This line acts as a key resistance level, and if the price reaches or exceeds this level, it serves as support.
-Red Line: Represents the volume-based projected low for the selected timeframe.
This line acts as a support level, and if the price reaches or falls below this level, it serves as resistance.
3.Price and Volume Indicators:
-Blue Line: Marks the previous 1D closing price, giving traders an additional reference point for recent price action.
-Green Dotted Line: Indicates the previous 1D projected high. This line serves as historical context for traders, showing where resistance was expected in the past.
-Red Dotted Line: Shows the previous 1D projected low, similarly providing historical support levels.
4.Trading Implications:
If the price breaks above the Green Line, it suggests strong bullish momentum, making short entries riskier.
Conversely, if the price drops below the Red Line, it indicates strong bearish momentum, where long entries should be avoided.
5.Volume Summation and Percentage Calculation:
The script tracks the buy and sell volumes over the selected timeframe, storing these in arrays.
It then calculates the total buy and sell volumes, along with their respective percentages of the total volume. These percentages help in assessing the relative strength of buyers versus sellers.
6.Visual Representation:
The script plots various lines representing the projected high, low, and real-time closing price.
Additionally, it uses the label function to display the buy and sell volume percentages directly on the chart.
A table is also generated at the bottom of the chart, summarizing the information for easy reference.
7.Dynamic Updates:
The script dynamically updates the projected lines and labels based on new data as it becomes available, ensuring that traders always have the latest insights.
The timeframe.change function triggers recalculations and updates the last high, low, and close values whenever the timeframe shifts.
Conclusion:
This script is a powerful tool for traders who rely on volume-based analysis to make informed decisions. By projecting key levels based on volume and price action, it helps identify critical support and resistance zones. The visual elements, including lines, labels, and tables, make it easier for traders to interpret the data and act accordingly. Whether trading intraday or on longer timeframes, this script provides a robust framework for assessing market conditions and planning trades
Market Oracle Plus [ChartPrime]ChartPrime Oracle Plus combines actionable, elegant and functional indicators into a single toolkit. It builds upon previously laid out creations in order to create a more advanced experience. Combinations of both trend following and contrarian logic aim to provide traders with a deeper insight into market movements; aiming to assist in better entries and exits.
Designed and created by the ChartPrime team, this toolkit takes deeper level theory and expresses it in a usable format for traders. ChartPrime Oracle Plus is designed to satisfy and cover major trading theories allowing the user to pick and select the features that fit them.
Trend signals, Prime Ranges and Quantum Reactor
When using any indicator suite it is important to understand these tools are there to assist trading rather than to be a single source of truth. Functionality such as Auto Maximization of parameters is there to guide and enhance user experience, however it is important to be aware of overfitting results.
Plus features:
ChartPrime Market Oracle Plus has introduced some unique additions in order to enhance traders’ experiences.
Custom Signals: Toolkits and signals often limit traders to a single algorithm. This reduces flexibility and adaptability in the market. Traders will often want to develop their own systems without the constraints of an existing one. Market Oracle Plus introduces a custom signals builder; taking components in the toolkit and allowing them to be combined into a single signal/alert. Want a signal when the trend changes with bullish candlestick patterns? With a few clicks this can now be enabled. Traders can also set alerts on their custom signals making automating trades easier than ever.
Custom signals labelled with a cross
The Quantum tools. Looking at the tiny in the market and making it clearer.
Quantum Bands: The quantum bands provide areas of highly likely reversals to occur by analysing market momentum and noise. They can be used classically and are comparable in application to the commonly used bollinger bands. When price finds itself inside a zone it is more likely to reverse. This is excellent when used in confluence with other reversal indicators. The reason these bands are unique is their ability to adapt to trending markets allowing not only reversals to be identified in ranging markets but also trending ones leveraging volatility calculations. They also enable the user to use MTF functionality to load bands from higher timeframes. This allows users to have a broader perspective of support and resistance levels in the market.
The quantum bands are powerful for scalpers who want faster entries and exits. Entering a trade on a bands extremity can give earlier entries and exiting on the touch of the opposing band can serve as a great take profit.
Quantum Bands bounce
Quantum Reactor: The quantum reactor is a custom weighted moving average analyzing trends in the market. Unlike another moving averages; weighting has been considered to account for ranging markets. The Reactor will turn gray in a ranging market to avoid chop allowing for filtering of trades. This offers a unique insight into price action. Classical moving averages will constantly attempt to re-adapt to a trend whereas the Reactor will avoid adaptation where it sees fit.
Filtering a ranging market
Features included & Use cases:
Signal Mode: Select the type of assistive signals you are requiring. Provided are both trend following signals with self optimization using backtest results as well as reversal signals, aiming to provide real time tops and bottoms in markets. Both these signal modes can be fine tuned using the tuning input to refine signals to a trader's liking. The ChartPrime Auto Maximizer will automatically apply a backtested parameter and display the "best performing signals" on your chart. It is important to note this is not indicative of future results. ChartPrime Trend Signals leverage audio engineering inspired techniques and low-pass filters in order to achieve and attempt to produce lower lag response times and therefore is designed to have a uniqueness when compared to more classical trend following approaches.
Candle Highlighting: Choose between a clean gradient or more classical red/green coloring. These color the candles to assist with trend identification.
ChartPrime Dashboard: This redesigned dashboard provides 4 simple to interpret metrics. Firstly, the Optimal Tuning box provides a backtested result giving you the most accurate input. Again, it is important to note this is not indicative of future results. A Prime Score is also provided. This metric is a collection of ChartPrime trend following indicators bundled into a single item. It ranges from 0 (being a very bearish trend) to 10 (being a very bullish trend). 5 would indicate a ranging market. A consolidation score is also provided showing how "ranging" the market is. 10 being a low volatility and consolidating market and 0 being a more volatile and trending market which can assist the trader in avoiding ranges (if undesired). Finally the market prophecy gives simple forecasts in text form giving outlooks on potential activity.
The unique bar based visualization makes it clearer than ever to quantify key metrics on your chart.
Additional Features:
The Dynamic Reactor provides a simple band passing through the chart. This can provide assistance in support and resistance locations as well as identifying the trend direction expressed via green and red colors. Taking a moving average and applying unique low lag adaptivity calculations gives this plot a unique and fast behavior. This gives a unique edge to standard high length moving averages.
The Prime Ranges provide VWAP inspired real time actionable ranges on your chart. These ranges provide support and resistance levels as well as coloring, once again, there to aid trend identification. By generating a distribution and projecting it we produce real time levels for traders.
Candlestick structures analyze candlestick formation putting a spin on classical candlestick patterns and provide the most relevant formations on the chart. These are not classical and are filtered by further analyzing market activity. A trader's classic with a spin.
The Prime Trend Assistant provides a trend following dynamic support and resistance level. This makes it perfect to use in confluence or as a filter for other supporting indicators. This is an adaptive trend following system designed to handle volatility leveraging filter kernels as opposed to low pass filters.
Settings:
Signal Mode: Drop down to select the types of signals wanted
Tuning: Integer input to adjust signal's responsiveness. Lower inputs result in more frequent signals being produced.
Auto Maximizer Toggle: Automatically apply a backtested parameter to the signals
Dashboard Size: Drop down to select the size of the dashboard
Dashboard Position: Change the location of the dashboard on your chart
Additional Features: A set of toggles turning on/off these indicators.
Example Usecases:
Trend based confluences:
ChartPrime Oracle Plus provides classical (all be-it self optimizing) trend based signals. When trading, taking into consideration other forms of confluences are crucial. Take the image below:
Here we see the quantum reactor being green suggesting the market was in an upwards trend. We then see a sell signal appear. Knowing that we were in a macro uptrend allows us to filter out signals that go against this. Albeit basic; understanding multi-level confluence is key.
Features such as the Prime Ranges have duplicate usecases whereby a trend can be identified via the color of the bands as well as providing TP/SL levels. Considering these assisting features is vital before entering a trade.
Contrarian trading methodologies:
Commonly; trading with a trending market is most well known. However; markets are just as susceptible to ranging behaviors. ChartPrime has designed this toolkit to cater to most market conditions. For example, finding confluence between reversal indicators such as our contrarian signals and the Quantum Band can provide for some very strong confluence that can help a trader attempt to enter at bottoms of retracements and achieve the best possible entries or exits.
Developing confluences as shown above can be key to a trader's success. It is important to avoid biases when looking at indicators and view the market as objectively as possible.
ChartPrime believes that there is no magic indicator that is able to print money. Indicator toolkits provide value via their convenience, adaptability and uniqueness. Combining these items can help a trader make more educated; less messy, more planned trades and in turn hopefully help them succeed.
Risk Disclaimer
All content and developments created by ChartPrime are purely for informational & educational purposes only. Past performance does not guarantee future results. Suggested usecases are theoretical.
ICT Balanced Price Range [TradingFinder] BPR | FVG + IFVG🔵 Introduction
The ICT Balanced Price Range (BPR) indicator is a valuable tool that helps traders identify key areas on price charts where a balance between buyers and sellers is established. These zones can serve as critical points for potential price reversals or continuations.
🟣 Bullish Balanced Price Range
A Bullish BPR forms when a buying pressure zone (Bullish FVG) overlaps with a Bullish Inversion FVG. This overlap indicates a high probability of price moving upwards, making it a crucial area for traders to consider.
🟣 Bearish Balanced Price Range
Similarly, a Bearish BPR is created when a selling pressure zone (Bearish FVG) overlaps with a Bearish Inversion FVG. This zone is often seen as a key area where the price is likely to move downward.
🔵 How to Use
🟣 Identifying the Balanced Price Range (BPR)
To identify the Balanced Price Range (BPR), you must first locate two Fair Value Gaps (FVGs) on the price chart. One FVG should be on the sell side, and the other on the buy side. When these two FVGs horizontally oppose each other, the area where they overlap is recognized as the Balanced Price Range (BPR).
This BPR zone is highly sensitive to price movements due to the combination of two FVGs, often leading to strong market reactions. As the price approaches this area, the likelihood of a significant market move increases, making it a prime target for professional traders.
🟣 Bullish Balanced Price Range (Bullish BPR)
To effectively trade using a Bullish BPR, begin by identifying a bullish market structure and searching for bullish Price Delivery Arrays (PD Arrays). Once the market structure shifts to bullish in a lower time frame, locate a Bullish FVG within the Discount Zone that overlaps with a Bearish FVG.
Mark this overlapping zone and wait for the price to test it before executing a buy trade. Alternatively, you can set a Buy Limit order with a stop loss below the recent swing low and target profits based on higher time frame liquidity draws.
🟣 Bearish Balanced Price Range (Bearish BPR)
For bearish trades, start by identifying a bearish market structure and look for bearish PD Arrays. After the market structure shifts to bearish in a lower time frame, identify a Bearish FVG within the Discount Zone that overlaps with a Bullish FVG. Mark this overlapping zone and execute a sell trade when the price tests it.
You can also use a Sell Limit order with a stop loss above the recent swing high and target profits according to higher time frame liquidity draws.
🔵 Settings
🟣 Global Settings
Show All Inversion FVG & IFVG : If disabled, only the most recent FVG & IFVG will be displayed.
FVG & IFVG Validity Period (Bar) : Determines the maximum duration (in number of candles) that the FVG and IFVG remain valid.
Switching Colors Theme Mode : Includes three modes: "Off", "Light", and "Dark". "Light" mode adjusts colors for light mode use, "Dark" mode adjusts colors for dark mode use, and "Off" disables color adjustments.
🟣 Display Settings
Show Bullish BPR : Toggles the display of demand-related boxes.
Show Bearish BPR : Toggles the display of supply-related boxes.
Mitigation Level BPR : Options include "Proximal", "Distal", or "50 % OB" modes, which you can choose based on your needs. The "50 % OB" line is the midpoint between distal and proximal.
Show Bullish IFVG : Toggles the display of demand-related boxes.
Show Bearish IFV G: Toggles the display of supply-related boxes.
Mitigation Level FVG and IFVG : Options include "Proximal", "Distal", or "50 % OB" modes, which you can choose based on your needs. The "50 % OB" line is the midpoint between distal and proximal.
🟣 Logic Settings
FVG Filter : This refines the number of identified FVG areas based on a specified algorithm to focus on higher quality signals and reduce noise.
Types of FVG filters :
Very Aggressive Filter : Adds a condition where, for an upward FVG, the last candle's highest price must exceed the middle candle's highest price, and for a downward FVG, the last candle's lowest price must be lower than the middle candle's lowest price. This minimally filters out FVGs.
Aggressive Filter : Builds on the Very Aggressive mode by ensuring the middle candle is not too small, filtering out more FVGs.
Defensive Filter : Adds criteria regarding the size and structure of the middle candle, requiring it to have a substantial body and specific polarity conditions, filtering out a significant number of FVGs.
Very Defensive Filte r: Further refines filtering by ensuring the first and third candles are not small-bodied doji candles, retaining only the highest quality signals.
🟣 Alert Settings
Alert Inversion FVG Mitigation : Enables alerts for Inversion FVG mitigation.
Message Frequency : Determines the frequency of alerts. Options include 'All' (every function call), 'Once Per Bar' (first call within the bar), and 'Once Per Bar Close' (final script execution of the real-time bar). Default is 'Once per Bar'.
Show Alert Time by Time Zone : Configures the time zone for alert messages. Default is 'UTC'.
Display More Info : Provides additional details in alert messages, including price range, date, hour, and minute. Set to 'Off' to exclude this information.
🔵 Conclusion
The ICT Balanced Price Range is a powerful and reliable tool for identifying key points on price charts. This strategy can be applied across various time frames and serves as a complementary tool alongside other indicators and technical analysis methods.
The most crucial aspect of utilizing this strategy effectively is correctly identifying FVGs and their overlapping areas, which comes with practice and experience.
Normalized Willspread IndicatorNot sure to call it as willspread or not, because i take this idea from Larry William's original willspread indicator and did some modifications which found out to be more effective in my opinion, which is by subtracting 21 and 3 ma, this indicator is found on Trade_Stocks_and_Commodities_With_the_Insiders page155. Feel free to find out.
Here's what I modified, instead of using the subtraction between two ma, I use one ma only, I find more accurate in spotting oversold and overbought value. This indicator is useful for metals. It basically compares the value between two assets, let's say u are watching gold, u can select compare it to dxy, us30Y or gold, let's say u choose to compare to dxy, and the indicator shows the the index is overvalued which is above 80 levels, then it is suggesting that gold is overvalued, the same logic apply to undervalued as well which is 20 levels. This is not a entry or exit tool but as additional confluence, u can use any entry method u want like supply and demand and use this indicator to validate your idea, not sure whether it works on forex or not, so far i think it works well on metals.
The bar colour corresponding to the index when it is overbought or oversold. U can switch off it if you dont need it. Do note that this is a repainting indicator, so u must refer to previous week close.
