Set & Forget Confluence ChecklistThis indicator is used to add all the confluences of the set and forget strategy. This will help us as traders make decisions in real time and have our checklist with us before executing.
Candlestick analysis
Custom Candle Colors by Day (Full Week)Highlight specific daily candles a different color (Monday - Sunday)
Set & Forget Visual ChecklistSet & Forget Visual Checklist W/ Grade. This indicator walks you through all the confluences that you can check off in live time right as you are about to take the trade
Set & Forget Visual ChecklistSet & Forget Visual Checklist W/ Grade. This indicator walks you through all the confluences that you can check off in live time right as you are about to take the trade
Time Intervals [signBTC]This script is designed to visualize 6 auxiliary time intervals on the chart near the time axis. Each of these intervals can be configured by the user with the following options:
Interval duration: Any duration can be set (for example, 1 hour, 2 hours, 4 hours, etc.).
Interval color: Each time block can have its own color for better visual distinction.
Label: Users can add a custom label for each of the 6 intervals to indicate its purpose or highlight important features.
In the default configuration, the script automatically draws 6 equal four-hour intervals for each trading day, dividing each daily trading session into six parts—two for each of the three standard market sessions, or three per each of two major sessions (if considering only regular daytime and extended overnight trading).
This tool is particularly useful for traders who want to quickly navigate different time areas of the trading day, monitor individual parts of a session, or highlight specific time windows for strategy analysis. All script parameters (interval, color, and label for each block) are easily adjustable in the indicator's settings.
ALFA ENGULF-INSEDEBAR + FAKE SETUPThis indicator is a combined candlestick formation indicator that displays inside bar candlestick formations, engulf candlestick formations, and inside bar-based fake setup strategies. To use it, you must be familiar with engulf-insdebar and fake setup strategies.
Opening Range Box with Breakout LabelsOverview
This strategy automates the classic Opening Range breakout trading technique by identifying the price range during a specified initial time window (the "Opening Range") each trading day, and then triggers trades when the price breaks out above or below this range. It draws a visual box around the opening range for clarity and provides breakout signals with configurable take profit and stop loss levels expressed in pips.
Key Features
Configurable Opening Range Time Window:
Define the start and end time of the opening range session using hour and minute inputs (24-hour format). For example, you can set it to capture the first 15 minutes after market open.
Extended Box Display:
Optionally extend the opening range box display by a configurable number of hours beyond the initial range period for ongoing visual reference.
Opening Range Box Visualization:
A semi-transparent colored box is drawn on the chart representing the high and low price of the opening range period, updating dynamically as the session progresses.
Breakout Detection & Entry Signals:
The strategy detects breakouts once the opening range session ends (including the extended period). It places:
A long entry when the price closes above the opening range high.
A short entry when the price closes below the opening range low.
Take Profit and Stop Loss in Pips:
You can define your desired take profit and stop loss levels in pips, allowing consistent risk management tailored to the instrument's pip value.
Visual Breakout Labels:
Up and down arrow labels appear on the chart at breakout points to clearly mark trade signals.
Max Breakout Labels Limit:
Limits the number of breakout labels displayed on the chart to avoid clutter.
Quantum Tick Flow# Quantum Tick Flow (QTF) - Advanced Momentum Oscillator
**Author: profitgang**
## Overview
The Quantum Tick Flow indicator is a sophisticated momentum oscillator that analyzes tick-by-tick price movements using proprietary algorithms. Unlike traditional oscillators, QTF combines multiple innovative approaches to identify high-probability entry and exit points while filtering out market noise.
## Key Features
### 🔬 **Tick Velocity Analysis**
- Uses fractional power scaling (0.7 exponent) combined with volume weighting
- Creates non-linear response to price changes for enhanced sensitivity to meaningful moves
- Differentiates between genuine momentum and random price fluctuations
### ⚡ **Adaptive Threshold System**
- Dynamic thresholds that automatically adjust to current market volatility
- Uses ATR-based scaling to maintain consistent signal quality across different market conditions
- Prevents over-trading in low volatility and under-trading in high volatility environments
### 🌊 **Flow Pressure Index**
- Proprietary calculation measuring upward vs downward market pressure
- Analyzes cumulative tick velocity to gauge underlying market sentiment
- Provides early warning signals for potential trend reversals
### 🎯 **Anti-Noise Filtering**
- Multi-condition verification system reduces false signals
- Incorporates momentum convergence analysis
- Filters out choppy market conditions automatically
## How It Works
The indicator operates on several layers:
1. **Fast and Slow Flow Analysis**: Calculates exponential moving averages of tick velocity at different timeframes
2. **Flow Differential**: Measures the difference between fast and slow flows to identify momentum shifts
3. **Pressure Calculation**: Evaluates the ratio of bullish vs bearish pressure over specified periods
4. **Convergence Oscillator**: Uses mathematical approximation functions to create bounded, smooth signals
## Signal Generation
- **BUY Signals**: Generated when flow momentum is positive, pressure ratio exceeds 1.2, and oscillator is rising above adaptive thresholds
- **SELL Signals**: Triggered when flow momentum turns negative, pressure drops below 0.8, and oscillator falls below negative thresholds
## Visual Elements
- **Main Oscillator Line**: Primary signal line with color-coded momentum
- **Dynamic Threshold Lines**: Automatically adjusting support/resistance levels
- **Flow Zones**: Background coloring indicating bullish/bearish market conditions
- **Information Table**: Real-time statistics including current signal, flow value, momentum direction, and volatility metrics
## Settings
- **Fast Tick Period** (3-50): Controls sensitivity of short-term analysis
- **Slow Tick Period** (10-100): Sets baseline for longer-term trend detection
- **Momentum Convergence Period** (5-50): Defines momentum calculation timeframe
- **Flow Sensitivity** (0.5-5.0): Adjusts overall indicator responsiveness
- **Noise Filter** (0.1-1.0): Controls signal filtering strength
## Best Practices
1. Use in conjunction with trend analysis tools for confirmation
2. Higher timeframes generally produce more reliable signals
3. Adjust sensitivity based on asset volatility and trading style
4. Monitor the pressure index for early trend change warnings
5. Consider market context when interpreting signals
## Unique Advantages
- **No Repainting**: All calculations are based on confirmed price data
- **Multi-Dimensional Analysis**: Combines price, volume, and momentum in novel ways
- **Adaptive Nature**: Automatically adjusts to changing market conditions
- **Low Latency**: Responds quickly to genuine market moves while filtering noise
## Disclaimer
This indicator is for educational and informational purposes only. Past performance does not guarantee future results. Always conduct your own analysis and consider risk management before making trading decisions.
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*Developed by profitgang - For questions and updates, follow on TradingView*
**License**: This script is open source under Mozilla Public License 2.0. Feel free to use and modify for personal trading, but please credit the original author.
Distrodisco_v1.4What it does:
Defines a “distribution session” (customizable time window) and tracks that session’s high/low to compute its distribution width as a percentage.
Compares the current session’s distribution to historical same-day-of-week distributions to detect when it crosses above the median (i.e., a meaningful breakout in context).
Tags the breakout direction (long or short) based on wick extremes and prior-session pivots.
After a tagged break, tracks the pullback/retrace: how far price reverses back toward the tag (used for SL tuning).
Simultaneously measures how far price extends beyond the break before the retrace begins—this “extension before retrace” can be used to calibrate realistic take-profit targets.
Maintains historical accumulators for both retrace sizes and extensions so you can see distributions over time.
Key metrics shown in the table:
Total Days / Median Hits : Coverage of historical samples and how often distribution crosses its median.
Pullback Rate: Percentage of median breaks that produced a pullback (including live/active ones if the session ends mid-retrace).
Current / Historical Distribution Stats: Current session’s width vs. historical median/average for that weekday.
Reversion Ret (revAbs): The largest pullback after a break (live for the session), used as a de-facto stop-loss gauge.
Hist Median Ret: Median of completed historical retraces (and active ones at session end if not closed).
90%ile Ret: Upper-bound reference for retrace size—what the larger retraces look like.
>= X% PBs: User-defined threshold (e.g., enter 0.05 for 0.05%) showing the percentage of historical retraces that met or exceeded that magnitude.
Extension Median / 90%ile / Last Ext: How far price typically runs past the break before reversing—used for take-profit calibration. (If not yet enabled, these are forthcoming additions.)
Inputs:
Distribution Session / Timezone: Define the intra-day window to consider for distribution measurement.
Max Distribution % to Include: Caps abnormally wide distributions from polluting historical buckets.
Filter Out Abnormally Large Days: Toggle to exclude outliers.
Min Pullback to Count (%): Threshold to count “meaningful” retraces in the historical percentage bucket. Enter e.g. 0.05 to represent 0.05%.
Table styling: Color and positioning for easy visibility.
TIME MACHINE PRO-01# TIME MACHINE PRO - Revolutionary Trading Indicator with Historical Analysis
## 🎯 Overview
TIME MACHINE PRO is a sophisticated multi-timeframe trading indicator that combines 10 customizable technical indicators with a unique time-travel cursor feature. Analyze historical signals, learn from past market behavior, and make informed trading decisions with percentage-based confidence scores.
## ✨ Key Features
### 🕰️ Time Machine Cursor
- **Analyze signals from any point in history** (up to 500 bars back)
- **See exact indicator values** at historical moments
- **Learn from past signal performance** to improve future trades
- **Real-time historical analysis** with date/time display
### 🎰 10 Professional Indicator Slots
**Core Oscillators:**
- RSI, Stochastic, MACD, CCI, Williams %R
- MFI, ROC, Bollinger Bands Width
- Stochastic RSI, Awesome Oscillator
- Parabolic SAR, Ichimoku Cloud
**Customizable Parameters:**
- Individual weights (0.1-3.0) for each indicator
- Custom overbought/oversold levels
- Adjustable periods and sensitivity
- Enable/disable any combination
### 📊 Advanced Signal System
- **3-2-1 Logic**: 3 Filters → 2 Signals → 1 Trigger
- **Percentage-based signal strength** (0-100%)
- **Color-coded confidence levels**:
- 🟢 Green (80%+) - High confidence
- 🟡 Yellow (65-79%) - Medium confidence
- 🟠 Orange (50-64%) - Low confidence
- **Adaptive algorithm** adjusts to market volatility
### 🎛️ 7 Professional Presets
**1. Meme_Scalp_v4** - Quick scalping for meme coins
- Optimized for 1m-5m timeframes
- High sensitivity, more signals
- Perfect for DOGE, SHIB, PEPE
**2. Meme_Swing_v4** - Balanced swing trading ⭐ (Recommended for beginners)
- Best for 15m-1h timeframes
- Balanced accuracy and frequency
- Universal crypto trading
**3. Alt_Short_v4** - Altcoin shorting strategy
- Focused on SHORT signals
- Great for bear markets
- Optimized for altcoin volatility
**4. Pump_Hunter_v4** - Pump detection system
- Ultra-fast reaction to price spikes
- High-volatility market specialist
- Advanced pump/dump detection
**5. Conservative_v4** - Conservative long-term trading
- High accuracy, fewer signals
- Perfect for large portfolios
- 4h-1D timeframes
**6. Professional_v4** - All 10 slots active
- Maximum analysis power
- For experienced traders
- Complete market overview
**7. Custom** - Create your own strategy
- Full control over all parameters
- Save configurations via screenshots
- Unlimited customization
### 📈 Comprehensive Analytics Table
**Real-time display includes:**
- **Adaptive Status**: Volatility multiplier, adaptive scores
- **3-2-1 Analysis**: Filters, signals, triggers breakdown
- **Slot Status**: All 10 indicators with current values and weights
- **Enhanced Conditions**: Pump-dump detection, extreme overbought alerts
- **Final Scores**: Long/Short percentages with final signal decision
### 🎨 Visual Elements
**On-Chart Signals:**
- Clear LONG/SHORT labels with confidence percentages
- Risk level indicators (🟢🟡🟠)
- Background highlighting during signal periods
- EMA trend lines (Fast: Blue, Slow: Orange)
- Time cursor line for historical analysis
## 📋 Perfect For
### 🚀 Cryptocurrency Trading
- **Bitcoin & Ethereum** - Major pairs with high liquidity
- **Altcoins** - SOL, AVAX, MATIC, ADA optimized settings
- **Meme Coins** - Special algorithms for DOGE, SHIB, PEPE
- **All timeframes** - From 1-minute scalping to daily swing trading
### 📊 Trading Styles
- **Scalping** - Ultra-fast entries with Meme_Scalp_v4
- **Swing Trading** - Medium-term positions with balanced signals
- **Short Selling** - Specialized bear market detection
- **Conservative** - High-accuracy, low-frequency signals
### 👥 Trader Levels
- **Beginners** - Ready-to-use presets with clear signals
- **Intermediate** - Historical analysis for learning and improvement
- **Advanced** - Full customization with 10-slot system
- **Professional** - Complex multi-indicator strategies
## 🔧 Technical Specifications
### System Requirements
- TradingView platform (Free or Pro)
- Modern web browser
- Stable internet connection
- Recommended: 1920x1080+ resolution
### Compatibility
- **✅ Fully Supported**: All crypto pairs, 1m-1D timeframes
- **⚠️ Limited**: Forex pairs, stock markets
- **❌ Not Recommended**: Exotic low-liquidity pairs
### Performance
- **Pine Script v6** - Latest version with optimal performance
- **Real-time calculations** - Instant updates with each candle
- **Low resource usage** - Optimized code for smooth operation
- **500 bars history** - Maximum lookback for cursor analysis
## 💡 How to Use
### Quick Start (Beginners)
1. Add indicator to chart
2. Select **"Meme_Swing_v4"** preset
3. Set timeframe to **15m or 1h**
4. Trade signals **70%+** only
5. Use **cursor** to learn from history
### Advanced Setup (Experienced)
1. Choose **"Custom"** mode
2. Configure individual slots
3. Adjust weights and parameters
4. Test with historical cursor
5. Save settings via screenshot
### Risk Management
- **Never risk more than 2-5%** per trade
- **Always use stop-losses**
- **Consider overall market trend**
- **Wait for cooldown periods**
## 🎯 What Makes It Unique
### Revolutionary Time Travel Feature
- **First indicator with historical cursor** functionality
- **Learn from past signals** without backtesting complexity
- **See exactly what happened** after each historical signal
- **Improve strategy** by understanding signal outcomes
### Adaptive Intelligence
- **Auto-adjusts to market volatility** (Low/Normal/High modes)
- **Dynamic cooldown periods** prevent signal spam
- **Smart score adaptation** for different market conditions
- **Volume-based confirmations** for signal validation
### Professional Grade Analytics
- **Complete transparency** - see every component of each signal
- **Detailed breakdown** of filters, signals, and triggers
- **Real-time adaptation status** monitoring
- **Professional-level information** usually found in premium tools
## 📞 Support & Community
### 🔄 Regular Updates
- Algorithm improvements and optimizations
- New presets based on market conditions
- Bug fixes and performance enhancements
- Community-requested features
### 📚 Learning Resources
- Comprehensive user manual included
- Step-by-step tutorials for all levels
- Best practices and risk management guides
- Community sharing of successful configurations
### 💬 Community Features
- Share custom presets via screenshots
- Discuss strategies with other users
- Learn from experienced traders
- Get support and tips
## ⚠️ Important Disclaimers
- **Not financial advice** - Educational tool only
- **No guarantee of profits** - Trading involves risk
- **Past performance** doesn't predict future results
- **Always use proper risk management**
- **Test thoroughly** before live trading
## 🚀 Get Started Today
Transform your trading with the power of time travel analysis. Whether you're a beginner looking for clear signals or a professional trader seeking advanced customization, TIME MACHINE PRO adapts to your needs.
**Experience the future of technical analysis - where you can learn from the past to profit in the present!**
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**Categories**: Trend Analysis, Oscillators, Volatility
**Best Timeframes**: 5m, 15m, 1h, 4h
**Recommended Pairs**: BTC/USDT, ETH/USDT, SOL/USDT, DOGE/USDT
**Skill Level**: All levels (Beginner to Professional)
*Like this indicator? Please leave a comment and boost! Your feedback helps us improve and add new features.* ⭐
Engulfing Zone with visualsThis indicator will visually show engulfing along with up arrow for bullish engulfing and down arrow for bearish engulfing. Combine this with your favorite oscillator and you can have a solid trading setup.
H1/L1 Trap MarkerH1 L1 Trap Marker based on Al Brooks PA
You can use it to detect trap traders and help determine your trade.
GS_QuantEdgeGS_QuantEdge is a focused swing trading tool built for traders who seek tight entries and high risk-reward setups.
What it includes:
ATR-Based Trendlines:
Automatically plots dynamic upper and lower levels using pivots and ATR-based slope logic. Helps define key price zones where reactions or breakouts are likely.
Inside Bar Detection:
Identifies inside bar candles with subtle blue arrows below the bar and colors the candle — ideal for spotting low-risk compression setups before potential expansion.
ADR% Volatility Label:
Displays the Average Daily Range as a percentage of the current price, helping you assess volatility and optimize position sizing.
EMA Overlay (11, 21, 50):
Plots essential EMAs directly on the chart to observe trend structure and alignment, aiding in identifying high-probability trade zones.
High/Low Flags (hidden by default):
Marks new 11-bar, 21-bar highs and 52-bar lows to signal momentum or exhaustion. Helpful for observing if price is making new highs/lows on different timeframe scales.
How it helps:
This indicator gives swing traders a clean, structured chart view — highlighting areas of compression, breakout zones, and volatility conditions. Whether you're entering early on tight setups or waiting for confirmation, GS_QuantEdge helps you stay focused on well-defined opportunities with optimal risk-to-reward potential.
CRYPTO CME GAPS- Can be used in any crypto symbol of any exchange, (not necessarily the CME exchange)
- Displays the CME gaps with the colors green or red depending on the sentiment of the gap
- Extends the gaps displayed until they are filled.
- In the end of the code there are the boolean values 'filled_bull' and 'filled_bear' that can be used to create a strategy script.
ASK Indicator by AshpreetThe ASK Indicator is a custom-built breakout and trend continuation system designed for swing traders seeking high-probability entries with strong risk-reward ratios. Built using a combination of moving averages, momentum filters, volume confirmation, and price structure, this indicator helps identify stocks poised for explosive moves.
It uses three key moving averages: the 44-period SMA (medium trend), 20-period DEMA (short-term strength, custom-coded), and 50-period WEMA (institutional trendline). Trades are only triggered when the price is above 50 WEMA, and the 20 DEMA is above the 44 SMA.
Momentum is confirmed using RSI(14) within a healthy zone of 40–60, ensuring the stock is not overbought or oversold. To focus on breakout candidates, the stock must be trading within 10% of its 52-week high, and the weekly candle range must be under 10%, signaling compression before expansion.
A valid ASK Signal occurs when these conditions are met along with a breakout above the previous day’s high and volume exceeding 1.5× the 20-day average. Once triggered, the indicator auto-plots the stop-loss (1× ATR) and two profit targets: 1:2 (TP1) and 1:4 (TP2).
Additionally, the system detects a narrow range setup, where the last 3 daily candles are inside the previous 3-day range — a powerful consolidation signal. Alerts for both ASK entries and narrow ranges are included.
This system is ideal for positional and short-term swing traders who want to combine structure, momentum, and volume in one powerful tool.
High/Low Premarket & Previous Day This scripts adds lines for previous day and premarket high/low with labels that you can toggle on and off. The lines extend through current premarket and trading session
Custom Multiple SMAs (Trend Structure Visualizer)This indicator displays 16 consecutive Simple Moving Averages (SMAs), from SMA 8 to SMA 23, plotted simultaneously on the chart. Together, they form a color-coded SMA fan that allows you to clearly visualize the current market structure.
What you can observe in the chart:
– When the lines are flat and tightly clustered , the market is likely consolidating or moving sideways
– When the lines fan out and expand , a trend or directional momentum is building
– When the lines start converging or crossing again , it may indicate a trend pause or potential reversal
A 100-period EMA (yellow line) serves as a basic trend filter:
– Price above the EMA suggests an long-biased market
– Price below the EMA suggests a short-biased market
What makes this tool unique:
Unlike traditional single-SMA indicators, this tool also highlights phases when it's better to stay out of the market – such as during flat, unstructured sideways conditions.
Transitions from low activity to trending phases become clearly and early visible, without relying on additional signals or indicator noise.
The indicator works across all markets and timeframes and remains visually stable even during fast market movements. It is a visual decision-making tool and does not generate automatic signals or alerts.
Patrón Mecha ProfundaThis pattern must be combined with a 20-period moving average. It is used to know the direction of the price. When the pattern appears and the price is above the 20-period moving average, it is a bullish signal and vice versa.
Patrón Mecha Profunda
This pattern must be combined with a 20-period moving average. It is used to know the direction of the price. When the pattern appears and the price is above the 20-period moving average, it is a bullish signal and vice versa.
ORB (Global + GCC Markets) V3ORB + Fibonacci Projection Levels (Global + GCC Markets)
This indicator automatically detects the Opening Range of selected global or GCC markets and draws custom Fibonacci-like levels above and below the range.
✨ Features:
Supports multiple global sessions: Kuwait, Saudi, Tokyo, London, New York, etc.
Automatically captures the first candle’s high and low at market open.
Draws 4 levels above and below the ORB by default (customizable).
Extends the lines for a user-defined period (default: 12 hours).
Add labels with:
Level number
Price
Both
On the left or right edge
Control label font size and label offset for better visibility.
✅ How to Use:
Select your market session (e.g., New York or Saudi Arabia).
The indicator automatically marks the first candle at market open.
Lines extend above and below the ORB based on its range.
Use these levels for:
Identifying breakout targets
Planning entries and exits
Visualizing short-term supports/resistances
This indicator combines the power of Opening Range Breakout (ORB) analysis with Fibonacci level projections, tailored for both global and GCC markets.
🔹 Choose your market (Kuwait, KSA, USA, etc.)
🔹 Automatically detects the first candle of the session and draws the ORB high/low
🔹 Projects Fibonacci levels (above & below) for a user-defined period (default 12 hours)
🔹 Customize:
- Number of Fibo levels
- Font size and label content (number, price, or both)
- Label position (left/right of chart)
- Line duration
✅ Ideal for: Day traders, scalpers, liquidity hunters, and institutional session traders.
Enjoy and let me know your feedback!
#orb #fibo #priceaction #gccmarkets #breakoutstrategy #tradingviewscript
above or below closing after previous candel trend Strategy Explanation: "Show Green Arrow Below Candle After Red Arrow Above Candle"
This indicator highlights specific trading conditions on a chart using red and green arrows based on the relationship between a candle's closing price and the previous candle's high and low. Its primary purpose is to provide visual cues for potential reversal points or trend continuation opportunities without redundancy (avoiding consecutive signals).
How the Indicator Works:
Red Arrow (Above the Candle):
A red downward arrow is plotted above a candle when the current candle closes below the previous candle's low.
The red arrow signals a potential bearish movement or downward breakout, indicating weakness in price action.
Green Arrow (Below the Candle):
A green upward arrow is plotted below a candle when the current candle closes above the previous candle's high.
However, a green arrow only appears after a red arrow, indicating a potential bullish reversal or upward breakout following bearish price action.
Avoiding Redundant Signals:
The script ensures that there are no consecutive signals of the same color:
No consecutive green arrows are displayed even if multiple candles close above their respective highs.
No consecutive red arrows are displayed even if multiple candles close below their respective lows.
This prevents unnecessary clutter on the chart and focuses solely on transitions from bearish to bullish signals.
Trading Interpretation:
Red Arrows (Bearish Signal):
A red arrow indicates a bearish sentiment, as the current candle closes below the previous low. This may indicate a potential area to:
Initiate a short position if it aligns with your trading strategy.
Exercise caution and wait for the next signal if you’re already holding a long position.
Green Arrows (Bullish Reversal):
A green arrow signals bullish strength, as the current candle closes above the previous high, but only after price has shown bearish weakness (i.e., a red arrow). This may be a good area to:
Initiate a long position if it aligns with your strategy.
Look for signs of trend reversal or upside confirmation.
Scenarios to Use This Indicator:
This indicator fits well when trying to identify key moments of trend reversals or significant breakout levels. For instance:
Trend Reversal:
A red arrow may indicate the start of bearish momentum.
The first green arrow after the red arrow might signal a reversal from bearish to bullish momentum.
Consolidation and Breakout:
This indicator can help identify situations where price closes decisively above or below key points (previous highs/lows), which can suggest either breakout trades or fakeout signals depending on market reaction.
When NOT to Use This Indicator:
In highly choppy or ranging markets, where price action constantly oscillates above and below the previous high or low without establishing a clear trend. This can lead to false signals and poor trade setups because the market lacks a directional bias.
Best Practices:
Combine with Other Indicators:
Use this indicator in combination with trend-following indicators like Moving Averages, RSI (Relative Strength Index), or Bollinger Bands for confirmation.
Pair it with support and resistance levels to identify high-probability entries.
Adjust to Your Trading Style:
Day Traders: Use this on smaller timeframes (e.g., 5-minute, 15-minute).
Swing Traders: Use this on higher timeframes for stronger signals (e.g., hourly, daily).
Risk Management:
Always set stop-loss levels based on recent highs/lows or volatility metrics.
Position size appropriately to manage risk for potential false signals.
Summary of the Indicator Logic:
Plots red arrows above candles when:
The candle closes below the previous candle’s low.
Plots green arrows below candles when:
The candle closes above the previous candle’s high.
Only after a red arrow has appeared (no redundant green arrows).
Ensures no consecutive red or green arrows, focusing only on signal transitions (red → green).
This indicator helps traders identify potential trend changes and breakout points without cluttering the chart with excessive signals, making it a clean and straightforward addition to any trading strategy.