Price action TrendsPrice Action Trends
This indicator implements an advanced price action filtering system using a statistical approach to identify market trends and potential reversal points. It combines real-time trend detection with visual aids to help traders make informed decisions.
Core Features
Dynamic trend detection using adaptive price action filtering
Visual trend zones with support/resistance levels
Smart candle coloring based on trend alignment
Retest signals for potential entry points
Customizable alert system for trend changes
How It Works
Price Action Filtering
The indicator employs a sophisticated price action filtering algorithm that processes price movements through two timeframes:
Short-term filter (default: 50 periods) - Captures immediate market momentum
Long-term filter (default: 150 periods) - Establishes the underlying trend
The filtering process adapts to market volatility by:
Estimating the current price trend
Calculating prediction error
Adjusting filter sensitivity based on market conditions
Providing smoothed price action levels
Trend Detection
Trends are identified through a multi-factor approach:
Primary trend: Comparison of short and long-term filtered levels
Secondary confirmation: Rate of change in filtered prices
Volatility adjustment: ATR-based zone sizing
Visual Components
The indicator provides several visual aids:
Trend Zones: Colored boxes showing areas of trend continuation
Direction Arrows: Clear markers at trend change points
Price Labels: Automatic price annotations at significant levels
Filtered Lines: Shows both short and long-term filtered price levels
Smart Candles: Color-coded based on trend alignment
Usage Guide
Setup
Apply the indicator to your chart
Adjust the length parameters based on your trading timeframe:
Short Length: Lower values for faster signals (default: 50)
Long Length: Higher values for stronger trend confirmation (default: 150)
Reading Signals
Green zones/candles: Uptrend confirmation
Red zones/candles: Downtrend confirmation
Gray candles: Trend uncertainty or transition
"+" marks: Potential support tests
"x" marks: Potential resistance tests
Alert System
The indicator includes two types of alerts:
Native alerts for trend changes
Detailed alerts with price action levels
Settings
Main Parameters
Short Length: Adjusts sensitivity to short-term price movements
Long Length: Controls overall trend smoothing
Retest Signals: Toggle additional entry/exit signals
Candle Color: Enable/disable smart candle coloring
Visual Customization
Up Trend Color: Customize bullish signals
Down Trend Color: Customize bearish signals
Alert Settings: Configure notification preferences
Trading Applications
This indicator is particularly useful for:
Trend following strategies
Range-to-trend transitions
Counter-trend retest entries
Exit signal confirmation
Best used in conjunction with:
Volume analysis
Support/resistance levels
Price action patterns
Risk management rules
Performance Notes
Most effective on timeframes of 5 minutes or higher
Recommended for liquid markets with consistent volatility
Consider using multiple timeframe analysis for better confirmation
Allow for filter adaptation during high volatility periods
Updates and Development
Version 1.0:
Initial release with core functionality
Implemented adaptive price filtering
Added visual components and alerts
Disclaimer
This indicator is meant to be used as part of a comprehensive trading strategy. Always combine with proper risk management and other forms of analysis. Past performance does not guarantee future results.
Candlestick analysis
Candlestick DataCandlestick Data Indicator
The Candlestick Data indicator provides a comprehensive overview of key metrics for analyzing price action and volume in real-time. This overlay indicator displays essential candlestick data and calculations directly on your chart, offering an all-in-one toolkit for traders seeking in-depth insights.
Key Features:
Price Metrics: View the daily high, low, close, and percentage change.
Volume Insights: Analyze volume, relative volume, and volume buzz for breakout or consolidation signals.
Range Analysis: Includes closing range, distance from low of day (LoD), and percentage change in daily range expansion.
Advanced Metrics: Calculate ADR% (Average Daily Range %), ATR (Average True Range), and % from 52-week high.
Moving Averages: Supports up to four customizable moving averages (EMA or SMA) with distance from price.
Market Context: Displays the sector and industry group for the asset.
This indicator is fully customizable, allowing you to toggle on or off specific metrics to suit your trading style. Designed for active traders, it brings critical data to your fingertips, streamlining decision-making and enhancing analysis.
Perfect for momentum, swing, and day traders looking to gain a data-driven edge!
EZ Algo RSI Divergence Ema with Zig linesEZ Algo RSI Divergence Ema with Zig lines indicator is a combination of many indicator. EMA sures long term and short term trend. on chart divergence gives you opportunity to enter or exit trade. Zig lines shows your percentage gain or loss from peaks.
iCS Backtest ToolThe **iCS Backtest Tool Indicator** is a powerful tool designed for traders to backtest their trading strategies using a wide range of indicators and parameters. Here are some key features:
1. **Strategy Builder**: Allows users to create and customize their trading strategies by selecting various entry and exit conditions.
2. **Indicator Support**: Supports over 70 indicators, including popular ones like RSI, MACD, Moving Averages, and more.
3. **Backtesting Capabilities**: Users can backtest their strategies on different timeframes, from intraday to end-of-day, to see how they would have performed historically.
4. **Visualization**: Provides visual representations of trades, including entry points, stop-loss levels, take-profit levels, and trailing stops.
5. **Optimization Tools**: Offers tools to optimize trading strategies by adjusting parameters such as stop-loss rules, take-profit rules, and entry timing.
6. **Comprehensive Results**: Displays detailed backtesting results, including expected profits and losses, time in trade, and other relevant statistics.
This tool is particularly useful for traders who want to test and refine their strategies without needing advanced coding skills.
Would you like to know more about how to use this tool or any specific feature?
Candlestick Pattern Strategy [Ubaton]# Candlestick Pattern Strategy
## Overview
This trading strategy identifies and trades based on prominent bullish and bearish candlestick patterns, providing traders with flexible pattern recognition and entry signals. The strategy combines ten different candlestick formations to detect potential trend reversals and momentum shifts in the market.
## Key Features
- Detects 5 Bullish Patterns:
- Hammer
- Bullish Engulfing
- Piercing Line
- Morning Star
- Three White Soldiers
- Detects 5 Bearish Patterns:
- Hanging Man
- Bearish Engulfing
- Dark Cloud Cover
- Evening Star
- Three Black Crows
## Trading Logic
- Enters LONG position when any bullish pattern is detected
- Enters SHORT position when any bearish pattern is detected
- Customizable pattern activation through built-in input toggles
## Recommended Use
- Best suited for identifying trend reversals
- Applicable across various financial instruments and timeframes
- Recommended to combine with additional technical indicators for confirmation
## Risk Management
- Use in conjunction with stop-loss and take-profit strategies
- Validate signals with other technical analysis tools
- Adjust pattern sensitivity based on market conditions
Author: Raymond Ngobeni
Price action gussianThis script help you to understand price action better and give you suugestion for trading
Support and Resistance Levels (Customizable)HH, LL, HL, LH Structures. This is 99% accurate and will help you to identify whether a structure is a LH, HL, LL, or HH, based on how I view the market.
padalustr0's Stoch RSIThis is my version of the Stoch RSI, it has signals on relevant bullish or bearish movements depending on the timeframe selected. I strongly recommend using this RSI with the regular ADX.
Rohan Mhetre Order Flow Analysis//@version=5
indicator("Order Flow Analysis", overlay=true)
// Inputs
volume_ma_length = input.int(20, title="Volume Moving Average Length", minval=1)
strong_volume_multiplier = input.float(1.5, title="Strong Volume Multiplier", minval=1)
buy_color = color.new(color.green, 50)
sell_color = color.new(color.red, 50)
// Calculations
volume_ma = ta.sma(volume, volume_ma_length) // Moving average of volume
is_high_volume = volume > volume_ma * strong_volume_multiplier // Strong volume condition
is_buy_pressure = close > open and is_high_volume // High volume and bullish candlestick
is_sell_pressure = close < open and is_high_volume // High volume and bearish candlestick
// Background Highlight for Order Flow
bgcolor(is_buy_pressure ? buy_color : na, title="Buy Pressure Highlight")
bgcolor(is_sell_pressure ? sell_color : na, title="Sell Pressure Highlight")
// Buy and Sell Signals
plotshape(series=is_buy_pressure, style=shape.labelup, location=location.belowbar, color=color.green, text="BUY", title="Buy Signal")
plotshape(series=is_sell_pressure, style=shape.labeldown, location=location.abovebar, color=color.red, text="SELL", title="Sell Signal")
// Display Volume MA for Reference
plot(volume_ma, color=color.blue, title="Volume Moving Average")
1st Candle on 5 Min High & LowFirst 5 min ORB is a strategy that helps us mark the high and low of the first 5 min candle. We then wait for a breakout of that range and retest. We then enter our trade long/short depending on whether the breakout candle is green or red.
Candlestick Pattern Dashboard//@version=5
indicator("Candlestick Pattern Dashboard", overlay=true)
// Helper Functions for Pattern Detection
is_doji() =>
math.abs(open - close) <= (high - low) * 0.1
is_hammer() =>
body = math.abs(open - close)
lower_wick = math.min(open, close) - low
upper_wick = high - math.max(open, close)
lower_wick > 2 * body and upper_wick < body
is_inverted_hammer() =>
body = math.abs(open - close)
lower_wick = math.min(open, close) - low
upper_wick = high - math.max(open, close)
upper_wick > 2 * body and lower_wick < body
is_shooting_star() =>
body = math.abs(open - close)
upper_wick = high - math.max(open, close)
lower_wick = math.min(open, close) - low
upper_wick > 2 * body and lower_wick < body
is_bullish_engulfing() =>
close < open and open <= close and close >= open
is_bearish_engulfing() =>
close > open and open >= close and close <= open
// Detect Patterns
doji = is_doji()
hammer = is_hammer()
inverted_hammer = is_inverted_hammer()
shooting_star = is_shooting_star()
bullish_engulfing = is_bullish_engulfing()
bearish_engulfing = is_bearish_engulfing()
// Dashboard Table
var table dashboard = table.new(position.top_right, 7, 2, bgcolor=color.new(color.black, 90))
// Update Dashboard with Pattern Status
table.cell(dashboard, 0, 0, "Pattern", text_color=color.white, bgcolor=color.blue)
table.cell(dashboard, 0, 1, "Detected?", text_color=color.white, bgcolor=color.blue)
table.cell(dashboard, 1, 0, "Doji", text_color=color.yellow)
table.cell(dashboard, 1, 1, str.tostring(doji ? "Yes" : "No"), text_color=(doji ? color.green : color.red))
table.cell(dashboard, 2, 0, "Hammer", text_color=color.green)
table.cell(dashboard, 2, 1, str.tostring(hammer ? "Yes" : "No"), text_color=(hammer ? color.green : color.red))
table.cell(dashboard, 3, 0, "Inverted Hammer", text_color=color.blue)
table.cell(dashboard, 3, 1, str.tostring(inverted_hammer ? "Yes" : "No"), text_color=(inverted_hammer ? color.green : color.red))
table.cell(dashboard, 4, 0, "Shooting Star", text_color=color.red)
table.cell(dashboard, 4, 1, str.tostring(shooting_star ? "Yes" : "No"), text_color=(shooting_star ? color.green : color.red))
table.cell(dashboard, 5, 0, "Bull Engulfing", text_color=color.green)
table.cell(dashboard, 5, 1, str.tostring(bullish_engulfing ? "Yes" : "No"), text_color=(bullish_engulfing ? color.green : color.red))
table.cell(dashboard, 6, 0, "Bear Engulfing", text_color=color.red)
table.cell(dashboard, 6, 1, str.tostring(bearish_engulfing ? "Yes" : "No"), text_color=(bearish_engulfing ? color.green : color.red))
Era's Strategy Fibonacci Retracement Strategy.### **Fibonacci Retracement Strategy Overview**
The **Fibonacci Retracement Strategy** is a technical trading approach that uses Fibonacci levels to identify potential support and resistance zones. These levels are derived from the Fibonacci sequence and are widely used in financial markets to predict price movements.
#### **Key Components:**
1. **Fibonacci Levels**:
- Levels like 23.6%, 38.2%, 50%, 61.8%, and 78.6% are calculated based on the highest high and lowest low of a specified period.
- These levels act as potential reversal or continuation zones for the price.
2. **Entry Signals**:
- **Buy Signal**: Triggered when the price crosses above the 61.8% level, indicating a potential bullish reversal or continuation.
- **Sell Signal**: Triggered when the price crosses below the 38.2% level, signaling a potential bearish reversal.
3. **Exit Strategy**:
- **Take-Profit**: Automatically exits the position when the price reaches the highest Fibonacci level (100% retracement).
- **Stop-Loss**: Exits the trade if the price drops to the lowest Fibonacci level (0% retracement), minimizing losses.
4. **Lookback Period**:
- The range of historical data used to calculate the highest high and lowest low. This is adjustable to suit different timeframes or trading styles.
#### **Advantages**:
- Helps identify precise entry and exit points.
- Can be applied across various asset classes (stocks, forex, crypto).
- Combines well with other technical indicators like moving averages or RSI.
#### **Disadvantages**:
- Requires a trending market for accuracy; may generate false signals in a sideways market.
- Performance may vary depending on the chosen lookback period and levels.
This strategy is best for traders looking for structured trade setups based on well-known support and resistance zones. It works well in trending markets but should be used alongside other tools for confirmation.
Fair Value Gaps greater than 5 handlesUpdated version to the Fair Value Gaps indicator from OmegaTools.
Only shows FVG that are more than 5 handles and prints the size of each FVG in points
PDH & PDL Indicator: Previous Day's High/Low with AlertsThe PDH & PDL Indicator plots the Previous Day's High (PDH) and Previous Day's Low (PDL) directly on the chart, providing a clear visual reference for key price levels. These levels are often used by traders to identify potential breakout or breakdown zones and to gauge market strength or weakness.
Features:
PDH (Green Line) : Represents the high of the previous trading day.
PDL (Red Line): Represents the low of the previous trading day.
Alerts:
Get notified when the price crosses above PDH or below PDL.
Custom alert messages to keep you informed in real-time.
Use Cases:
Identify key breakout and breakdown points for potential trade entries or exits.
Confirm the strength of a trend by monitoring price action relative to PDH and PDL.
Useful for intraday, swing, and positional traders who rely on historical price levels for strategy development.
Bull Bear Power [SpeedBot]Bull Bear Power is an innovative indicator designed to help traders identify shifts in market dynamics by analyzing the balance between bullish and bearish forces. By combining price action with dynamic ranges, this tool provides clear visual cues and actionable insights for trend-based trading strategies.
Key Components Of Bull Bear Power :
Bull and Bear Power Calculation: This indicator measures the difference between price extremes (highs and lows) and an exponential moving average (EMA) to quantify bullish and bearish forces in the market.
Dynamic Ranges with ATR: Dynamic upper and lower levels are calculated using the Average True Range (ATR), adapting to changing market volatility. These smoothed ranges act as thresholds for determining trend transitions.
Bull/Bear State Switching: The indicator identifies transitions between bullish and bearish states based on price interactions with the smoothed dynamic levels. A bullish state occurs when the price rises above the upper range, while a bearish state is triggered when the price drops below the lower range.
Key Features Of Bull Bear Power :
Customizable Settings: The indicator allows traders to adjust the EMA length, ATR multiplier, and smoothing period to tailor its sensitivity to different trading styles.
Dynamic Visualization: Clearly defined bullish and bearish ranges are plotted on the chart, color-coded for easy interpretation. These visual cues help traders stay aligned with the prevailing trend.
Real-Time Alerts: Built-in alert conditions notify traders of transitions between bullish and bearish states, ensuring timely decision-making.
How to Use the Bull Bear Power ?
This indicator is versatile and can be used to:
Identify Trend Transitions: Use the dynamic ranges to detect shifts between bullish and bearish market conditions.
Validate Trade Entries and Exits: Combine this tool with other indicators like moving averages or oscillators for confirmation.
Adapt to Market Conditions: The ATR-based ranges ensure the indicator adjusts to varying levels of market volatility.
Advantages:
Dynamic Trend Analysis: The use of ATR-based ranges makes this indicator responsive to market changes, offering reliable signals in volatile and steady conditions alike.
Clear and Actionable Visuals: Color-coded plots make it easy to distinguish between bullish and bearish phases at a glance.
Customizable and Flexible: Adjustable parameters allow for fine-tuning, accommodating both short-term and long-term trading strategies.
Ideal for Manual and Automated Trading: With alert capabilities and clear state definitions, this tool is perfect for algorithmic and discretionary traders.
Conclusion:
The Bull Bear Power is an essential tool for traders seeking to understand and leverage the interplay between bullish and bearish market forces. Its dynamic approach to trend analysis, combined with real-time alerts and customizable visuals, makes it a valuable addition to any trading toolkit.
Elevate your trading strategy with SpeedBot’s Bull Bear Power Indicator and gain a deeper understanding of market trends for more informed decision-making.
Fractal-based StrategyFractal-based Strategy with Fibonacci, ADX, RSI, and Volume Filter
This custom indicator is designed to assist traders in making more informed buy and sell decisions by combining multiple technical analysis tools. The strategy is based on key elements including fractals, Fibonacci retracement levels, ADX, RSI, and volume filters, all working together to identify high-probability trade opportunities.
Key Features:
Fractal Pattern: Identifies bullish and bearish fractals, which are key reversal points in the market.
RSI (Relative Strength Index): Used to determine overbought and oversold conditions, providing additional confirmation for trade entries.
ADX (Average Directional Index): Helps measure the strength of a trend. A value above 25 is used to indicate a strong trend, ensuring that trades are taken in trending markets.
Volume Filter: Ensures that trades are only taken when volume is higher than the moving average, increasing the likelihood of strong price movement.
Fibonacci Retracement Levels: Used to filter trades, ensuring that buy signals occur above key Fibonacci support levels, and sell signals below resistance levels.
How It Works:
Buy Signal: A buy signal is generated when a bullish fractal is identified, RSI is below 70 (indicating no overbought conditions), ADX is above 25 (indicating a strong trend), and volume is above average. Additionally, the price must be above the 38.2% Fibonacci level and below resistance.
Sell Signal: A sell signal is generated when a bearish fractal is identified, RSI is above 30 (indicating no oversold conditions), ADX is above 25, and volume is above average. The price must be below the 61.8% Fibonacci level and above support.
This indicator is perfect for traders who want to take advantage of strong trends while avoiding choppy, sideways markets. It integrates multiple forms of technical analysis to increase the accuracy and reliability of trade signals.
Jahul SirA trend indicator is a tool used in technical analysis to identify the direction and strength of a market trend. Here are some common features and descriptions of trend indicators:
1. **Moving Averages**: This smooths out price data to create a single flowing line, making it easier to identify the direction of the trend. The two most common types are Simple Moving Average (SMA) and Exponential Moving Average (EMA).
2. **Average Directional Index (ADX)**: This measures the strength of a trend. It ranges from 0 to 100, where a higher value indicates a stronger trend.
3. **Moving Average Convergence Divergence (MACD)**: This is a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price.
4. **Bollinger Bands**: This uses standard deviation to create bands above and below a moving average. The width of the bands changes based on market volatility and helps to identify trend direction and strength.
5. **Relative Strength Index (RSI)**: While primarily a momentum oscillator, RSI can also give insight into trend strength. It ranges from 0 to 100 and helps identify overbought or oversold conditions.
6. **Ichimoku Cloud**: This is a comprehensive indicator that defines support and resistance, identifies trend direction, gauges momentum, and provides trading signals.
These indicators are widely used by traders and analysts to make informed decisions about buying or selling assets.
Would you like to dive deeper into any specific trend indicator? 📈
Manish CHAUDHARI Waste of money , dont use this , its not an indicator , it can make you so much money that you will not have space to keep
Breakout Strategy sk//@version=5
indicator("Breakout Strategy", overlay=true)
// Define the highs and lows of the last 3 candles
high_3 = ta.highest(high, 3)
low_3 = ta.lowest(low, 3)
// Buy signal: When the High of the last 3 candles is broken and price closes above it
buy_signal = close > high_3 and close <= high_3
// Sell signal: When the Low of the last 3 candles is broken and price closes below it
sell_signal = close < low_3 and close >= low_3
// Plot buy and sell signals
plotshape(series=buy_signal, location=location.belowbar, color=color.green, style=shape.labelup, title="Buy Signal", text="BUY")
plotshape(series=sell_signal, location=location.abovebar, color=color.red, style=shape.labeldown, title="Sell Signal", text="SELL")
// Optional: Add background color for buy/sell signals
bgcolor(buy_signal ? color.new(color.green, 90) : na)
bgcolor(sell_signal ? color.new(color.red, 90) : na)
Net Volume [SpeedBot]Net Volume
The Net Volume indicator is a cutting-edge tool designed to help traders analyze market sentiment by visualizing the balance between buying and selling volume. By leveraging this dynamic visualization, traders can gain a deeper understanding of market behavior and make more informed trading decisions.
What Makes It Unique?
This script introduces a histogram-based approach to display net volume, providing a simple yet effective way to interpret volume flow. The customizable design allows traders to adjust colors, transparency, and timeframe settings to align with their trading style and preferences. The indicator is designed to work seamlessly across multiple timeframes, ensuring compatibility with any trading strategy.
How It Works?
The indicator calculates net volume by subtracting the down volume from the up volume. Positive net volume (buying pressure) is displayed in green, while negative net volume (selling pressure) is shown in red. A central zero line is plotted as a reference point, helping traders identify shifts in market sentiment at a glance.
Key Insights for Traders:
Market Sentiment Analysis: The histogram bars provide immediate visual cues about whether buying or selling pressure is dominant.
Trend Confirmation: By observing the direction and consistency of net volume, traders can confirm the strength of ongoing trends.
Reversal Detection: Sharp changes in net volume can signal potential reversals, providing early warning signs for traders.
Customization Options: Traders can select custom timeframes to fine-tune the analysis, ensuring that the indicator aligns with their specific needs. Additionally, color settings and transparency can be adjusted to enhance visual clarity on the chart.
How to Use Net Volume ?
Apply the indicator to your chart and observe the histogram bars relative to the zero line.
Use green bars to identify periods of buying pressure and red bars for selling pressure.
Combine this indicator with other tools, such as trendlines or oscillators, for better confirmation of trade setups.
Applications Across Strategies:
This indicator is suitable for scalpers, swing traders, and long-term investors alike. It provides actionable insights for a variety of market conditions, making it an essential tool in any trader's toolkit.
Why Use Net Volume ?
The simplicity and effectiveness of this indicator make it ideal for traders looking to enhance their volume analysis. Its ability to adapt to different timeframes and strategies ensures that it remains relevant across diverse trading approaches.
Session Highs and Lows IndicatorThis indicator marks the high and low levels for key trading sessions, allowing traders to identify significant price zones across different markets. The default session times are defined in UTC and will automatically adjust to your local timezone:
- **London Session (07:00-09:00 UTC)**: Tracks intraday liquidity zones for potential highs/lows.
- **New York Session (12:00-14:00 UTC)**: Highlights volatility during market overlaps with Europe.
- **Asia Session (23:00-01:00 UTC)**: Confirms trend continuation and retracement opportunities.
- **New York Close Session (19:00-21:00 UTC)**: Focuses on reversals and breakout tests during global transitions.
The script dynamically updates session highs and lows with clear labels and dashed horizontal lines for better visualization. **Time ranges can be adjusted to suit your trading preferences.** This makes the indicator flexible and effective for liquidity hunting, trend trading, and breakout strategies.
