Aroon Buy & Sell (Custom TFs)Here's a detailed explanation of your Pine Script titled "Aroon Buy & Sell (Custom TFs)":
🧠 Strategy Overview:
This script generates buy and sell signals using the Aroon indicator across two different timeframes:
* One for detecting the primary trend (Trend Timeframe)
* One for confirming precise entry signals (Signal Confirmation Timeframe)
📊 Key Components:
1. User Inputs
* trendTF: The timeframe used to determine overall trend direction (e.g., 5-minute).
* signalTF: The faster timeframe for confirming trade signals (e.g., 1-minute).
* aroonLength: Lookback period for the Aroon calculation (default 14).
* cooldownPeriod: Number of bars to wait before allowing a new signal.
2. Aroon Calculation Function
Calculates Aroon Up and Aroon Down values using the number of bars since the highest high and lowest low.
3. Multi-Timeframe Aroon Values
Uses request.security to compute Aroon values on both trendTF and signalTF.
4. Trend Detection
* A bullish trend is defined when Aroon Up crosses above Aroon Down on the trend timeframe.
* A bearish trend is defined when Aroon Down crosses above Aroon Up.
5. Signal Logic
* Buy Signal: When the overall trend is bullish and Aroon Down = 100 on the signal timeframe.
* Sell Signal: When the trend is bearish and Aroon Up = 100 on the signal timeframe.
6. Cooldown Mechanism
Prevents back-to-back signals by enforcing a cooldown (e.g., 20 bars) after each buy/sell.
7. Signal Plotting & Alerts
Plots buy/sell signals directly on the chart and supports alerts for automation.
📈 Visual Output:
* BUY label below the bar when buy conditions are met.
* SELL label above the bar when sell conditions are met.
🔔 Alerts:
Two alertconditions are defined to trigger alerts whenever a buy or sell signal occurs.
Candlestick analysis
Tatanka - Auto Equidistant Levels ✦🔹 Tatanka – Auto Equidistant Levels
Automatically plot equidistant support & resistance levels based on any two price anchors. Build your levels grid in one click, fully tailored to your style and branding.
Key Features
• Auto-Spacing – Calculates N levels above & below your base line with adjustable spacing factor (e.g. 50%, 200%).
• Full Style Control – Customize line width, style (solid/dashed/dotted), colors, extend direction (left/right/both/none).
• Labels & Tags – Auto-generated “L0”, “L±1”, etc., so you always know which level you’re trading.
• Region Fills – Color-fill each zone between levels with per-region color picks for maximum clarity.
• One-Click Draw – Enter two prices, choose your settings, then hit “Apply” to render the entire grid on your chart.
Inputs & Tabs
• Parameters : Base & Next Level prices, number of levels, spacing factor & horizontal length.
• Style : Line width, color & style, draw direction, label mode, fill zones & per-region fill colors.
How to Use
1. Draw two horizontal lines at your desired anchor prices.
2. Copy those prices into the “Line1” & “Line2” inputs.
3. Tweak “Number of Levels” and “Spacing Factor” to suit your strategy.
4. Go to the Style tab to brand your grid: colors, line styles, fills & extension.
5. Apply and start trading with clear, evenly spaced levels!
About Tatanka
Tatanka is a leading fintech brand committed to empowering traders with intuitive, professional-grade tools. Our mission: deliver real-time insights, advanced indicators, and seamless charting utilities—all under one Tatanka badge. Join our growing community and elevate your edge
Enjoy and trade confidently—powered by Tatanka!
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0830-0845 High/Low Marker (Accurate Start + History)This indicator marks the high and low of the 15-minute candle between 08:30 and 08:45 (local time) of the trading session. The high and low are tracked dynamically, with the lines drawn once the 08:45 candle closes.
Key Features:
Session-based Tracking: Automatically tracks and records the high and low of the 15-minute period starting at 08:30 and ending at 08:45.
Excludes 08:45 High : If a high is created exactly at 08:45, the indicator will ignore it and use the highest value before 08:45, ensuring it only references the price action during the specified window.
Line Extension : The high and low lines are drawn and extended to the right for a user-defined number of bars, making them visible beyond the session's close.
Customizable Parameters : Adjust the start and end times of the session, line colors, and line width to fit your preferences.
Use Case :
Ideal for traders who focus on the price action during the early part of the trading session (08:30 to 08:45) and want to track significant levels of support and resistance from that period.
The extended lines help identify potential price zones for the rest of the session or the trading day.
ICT Macro Boxes (10m) - Time RangesICT macro of 4 hour candles. Look for turtle soup or manipulation during these macro's.
This version is created for ES and NQ futures and daylight savings time. Works on 10 mins or lower timeframes.
High/Low from Set Period with LabelsIt's a script which marks high and low from the exact period. It can be used to mark overnight high and overnight low for the Dalton mentioned levels
Daily Average 5m Candle SizeThis indicator measures the average size of each 5 min candle then works out the end of day average for you. Very important for profit targets and stops
Rally Sweep VolumeThis indicator is designed to identify potential trend continuation trades - after the reversal has happened. This simply looks for 1-5 candle rallies that lead to an opposing sweep WITH volume. The volume aspect is meant to identify large pools of buyers/sellers coming into to confirm the continuation.
I pair this indicator with 1M FVG - price will pullback to the FVG and then give this signal, which is an entry on close.
If it signals but isn't in a 1M FVG, then wait for it to form one and then use that FVG as an entry when it is retested.
Rally Sweep ReversalThis indicator identifies rallies into a sweep to identify liquidity runs into key levels which often lead to reversals. I personally like prior day high/low and overnight high/low as my key levels. The signal should happen after sweeping the level, not before.
Comprehensive Trend & Signal StrategyScript Summary: "Configurable Trend & Signal System (CTSS)"
This TradingView script is a comprehensive technical analysis tool designed to generate trading signals (Long or Short) based on a configurable combination of several popular indicators. It aims to provide a flexible system where users can tailor the signal sensitivity and criteria to their specific trading style and market conditions.
Core Functionality:
Multi-Filter Signal Generation: The script generates buy (Long) or sell (Short) signals when conditions from several user-selected technical filters align.
Configurable Filters: It includes the following filters, each of which can be enabled or disabled and customized:
Main Trend Filter: Uses two Exponential Moving Averages (EMAs). A long signal requires the faster EMA to be above the slower EMA, and vice-versa for a short signal.
MACD Filter: Utilizes the Moving Average Convergence Divergence. Users can choose between a standard MACD or one derived from custom EMA lengths. A long signal requires the MACD line to be above its signal line, and vice-versa for a short.
RSI Filter: Employs the Relative Strength Index. For a long signal, it typically looks for the RSI to be below an oversold level (or simply not overbought, depending on configuration). For a short signal, it looks for the RSI to be above an overbought level (or not oversold).
Volume Filter: Analyzes trading volume. It can identify volume spikes (volume significantly above its moving average) which can be used to confirm the strength of a potential signal.
Sensitivity Presets: Offers global "Sensitivity Presets" (e.g., Conservative, Moderate, Aggressive) that automatically adjust the parameters of all underlying filters to predefined settings, simplifying initial setup. Users can then fine-tune from these presets.
Stop Loss (SL) and Take Profit (TP) Management:
Once a signal is generated, the script calculates and can display SL and TP levels.
These levels can be based on the Average True Range (ATR) multiplied by a user-defined factor, or a fixed number of pips/points.
It visually tracks these levels on the chart.
Visualizations:
Plots the selected indicators (EMAs, MACD lines, RSI, Volume MA) on the chart.
Displays signal markers ("L" for Long, "S" for Short) directly on the price bars where signals occur.
Draws horizontal lines for the current Stop Loss and Take Profit levels if a trade signal is active.
Includes an optional on-chart Information Table summarizing the status of all enabled filters, the current signal state (Long/Short/None), and active SL/TP levels.
Alerts: The script can generate alerts for:
New Long signals.
New Short signals.
When a Take Profit level is hit for a long or short trade.
When a Stop Loss level is hit for a long or short trade.
How Signals Are Generated:
A Long signal is generated only if all enabled filters simultaneously indicate bullish conditions. For example, if the Main Trend, MACD, and RSI filters are active, a Long signal would require:
Fast EMA > Slow EMA (Main Trend)
MACD Line > MACD Signal Line (MACD)
RSI is in a bullish state (e.g., coming out of oversold, or simply not overbought).
Similarly, a Short signal requires all enabled filters to indicate bearish conditions. The script manages one "trade" at a time; a new signal in the opposite direction will reverse the current position.
Instructions for Using the "Configurable Trend & Signal System (CTSS)" Script
Adding to Chart:
Open TradingView.
Open the Pine Editor (usually at the bottom of the chart).
Paste the entire script code into the editor.
Click "Add to Chart."
Accessing Settings:
Once the script is on your chart, hover over its name in the top-left corner of the chart (or in the legend if it's an overlay).
Click the "Settings" (gear) icon. This will open the script's configuration panel.
Configuring the Script (Inputs Tab):
Global Settings & Presets:
Sensitivity Preset: Start here. Choose "Conservative," "Moderate," or "Aggressive." This will automatically set many of the parameters below. You can then fine-tune them. "Custom" means your individual settings will be used.
Main Trend Filter:
Use Main Trend Filter?: Check to enable this filter.
Fast MA Length, Slow MA Length: Set the periods for the two EMAs.
Show Main Trend MAs?: Toggle visibility of these EMAs on the chart.
Customize colors, width, and style for the plotted MAs.
MACD Filter:
Use MACD Filter?: Check to enable.
MACD Source Type:
Default: Uses standard MACD (12, 26, 9 periods typically). You can adjust Fast Length, Slow Length, Signal Smoothing.
Custom EMA Source: Derives MACD from two custom EMAs. Set Source Fast EMA Length, Source Slow EMA Length, and Signal Smoothing for Custom.
Show MACD Plot?: Toggle visibility of MACD and signal lines.
Customize colors and width.
RSI Filter:
Use RSI Filter?: Check to enable.
RSI Length: Set the period for RSI calculation.
RSI Overbought, RSI Oversold: Define the levels for overbought/oversold conditions.
Show RSI Plot?: Toggle visibility of the RSI line and OB/OS levels.
Customize colors and width.
Volume Filter:
Use Volume Filter?: Check to enable.
Volume MA Lookback: Period for the moving average of volume.
Volume Spike Multiplier: How many times the current volume must be above its MA to be considered a spike.
Show Volume MA?: Toggle visibility of the volume MA.
Customize color for the volume MA and volume bars indicating a spike.
Stop Loss & Take Profit Settings:
Use ATR for SL/TP?:
If checked: Uses ATR. Set ATR Length, SL ATR Multiplier, TP ATR Multiplier.
If unchecked: Uses fixed pips. Set Fixed SL Pips, Fixed TP Pips. (Note: "Pips" here means minimum price increments of the instrument).
Show SL/TP Lines on Chart?: Toggle visibility of the SL/TP lines when a signal is active.
Customize colors, width, and style for SL and TP lines.
Visuals & Alerts Group:
Show Signal Markers?: Toggle "L" and "S" markers on the chart.
Long/Short Signal Marker Color: Choose colors for these markers.
Show Information Table?: Toggle the on-chart summary table.
Table Position: Choose where the table appears (e.g., Top Right).
Table Text/Background Color: Customize table appearance.
Understanding the Chart Display:
Indicator Plots: You'll see the EMAs, MACD lines, RSI, and Volume MA plotted if you've enabled them.
Signal Markers: An "L" will appear below a bar for a long signal, and an "S" above a bar for a short signal.
SL/TP Lines: If a signal is active and SL/TP lines are enabled, you'll see horizontal lines at the calculated Stop Loss and Take Profit prices. These lines will extend with new bars until the trade is closed by an SL/TP hit or a reverse signal.
Information Table: If enabled, this table provides a real-time summary of:
The script's preset status.
The status of each enabled filter (e.g., Main Trend: Bullish, MACD: Bearish).
The current overall signal (Long, Short, or None).
If a signal is active: Entry Price, Stop Loss Price, Take Profit Price.
SL/TP Hit Labels: When a Stop Loss or Take Profit is hit, a small label ("SL Hit" or "TP Hit") will appear on the chart at that price level.
Setting Up Alerts (TradingView Feature):
Click the "Alert" button (clock icon) on the TradingView top toolbar or right-click on the chart and select "Add alert."
In the "Condition" dropdown, select the name of this script (e.g., "CTSS").
A second dropdown will appear, allowing you to choose the specific alert condition:
"CTSS: New Long Signal..."
"CTSS: New Short Signal..."
"CTSS: Long Take Profit Hit..."
"CTSS: Long Stop Loss Hit..."
"CTSS: Short Take Profit Hit..."
"CTSS: Short Stop Loss Hit..."
Choose your desired options (e.g., "Once Per Bar Close" is common for signal alerts).
Configure notification preferences (popup, email, etc.).
Click "Create."
General Advice for Use:
Backtesting & Forward Testing: Thoroughly test any configuration on historical data and then in a simulated (paper trading) environment before risking real capital.
Understand the Indicators: Familiarize yourself with how EMAs, MACD, RSI, and Volume analysis work independently to better understand their combined effect.
Start with Presets: Use the sensitivity presets as a starting point and then adjust individual parameters to suit the specific asset and timeframe you are trading.
Risk Management: This script provides SL/TP suggestions, but always apply your own comprehensive risk management strategy. The script itself is a tool, not a complete trading plan.
Not Financial Advice: This script is for educational and informational purposes. It does not constitute financial advice.
By following these instructions, you can effectively configure and utilize the "Configurable Trend & Signal System" to aid your trading analysis.
Williams Vix Fix Shortsupdated.
So if you haven't already, add the normal "Williams Vixx Fixx" indicator to your chart twice,
Then open the settings on one of them and click the "highs not lows" option. and uncheck the "Highlight Bars For Simple Entry" option.
That will be the histogram for your shorts. The other Vixx Fixx indicator you added can be left as is.
Then add my indicator, either by just searching it in Tradigview or by using the pinescript above. This will act as your "white" candle for your short setups aligning with volitility and your histogram. So then you will have a black candle when the shorts Vixx Fixx triggers and a white while the long Vixx Fixx triggers.
Hybrid Swing/Day Alert System - PLATINUM EditionThis indicator is a complete trading assistant designed for crypto swing and day traders, built to identify high-probability long and short setups based on a multi-confirmation system.
Strategy Logic
The system scans and confirms entries only when 6 major confluences align:
1. EMA Trend: Price is above or below the EMA 9, 21, and 200 (bullish or bearish trend).
2. RSI Zone: RSI(14) is between 40-60 (ideal reversal zone).
3. Volume Confirmation: Volume is declining on pullback and then spikes.
4. Accumulation/Distribution: A/D line rising (for longs) or falling (for shorts).
5. Fibonacci Pullback Zone: Automatic detection of swing high/low and checks if price is inside the golden zone (0.5-0.618).
Built-In Alerts
- Long Setup Confirmed - Short Setup Confirmed - Setup Forming: Monitor
Conclusion
This script is ideal for disciplined traders who value confluence-based entries, risk/reward logic, and trend-aligned trades. Perfect for semi-automated trading via alerts or manual execution.6. Candle Pattern: Bullish (hammer, doji, engulfing) or Bearish (rejection wick, engulfing, doji).
Visual Features
- Long Entry: Green square
- Short Entry: Red triangle
- Pre-Signal Alert: Blue circle (confluence forming)
- Dynamic Table: Displays all 6 confirmations in real time
- Fibonacci Zones: Auto-plotted long/short retracement zones
- Customizable: Turn on/off alerts, overlays, and direction filters
Best Use Cases
- 4H/Daily: Trend confirmation
- 1H: Entry execution
- 15min: Scalping (use cautiously)
- Works great with BTC, ETH, SOL, XAU, and meme coins
Dynamic EMAsThis script shows you signals for ema crossovers. It also allows you to customize 6 emas at once.
Angel Signal proAngel Signal Pro is a comprehensive technical analysis tool that integrates multiple indicators for a structured market assessment.
RSI, MACD, and ADX — evaluate trend strength and identify potential entry and exit points.
Momentum and ATR — measure price acceleration and volatility, assisting in risk management.
Stochastic Oscillator — detects overbought and oversold conditions.
SMA (50, 100, 200) — tracks key moving averages with the option to enable all at once.
Cryptocurrency price display — select and monitor real-time prices of any cryptocurrency available on the BINANCE exchange.
Automatic trend detection— classifies trends as bullish, bearish, or neutral based on RSI and MACD signals.
Customizable table — presents key indicator values in a structured and convenient format. The table also provides automatic trend detection across different timeframes (TF), allowing you to assess the current market situation more accurately on various levels.
Automatic gap detection — identifies market gaps, helping to spot potential trading opportunities.
Buy and sell signals — the system generates buy and sell signals based on the analysis of five key indicator values, allowing traders to respond quickly to market changes.
Bollinger Bands — helps assess market volatility and identify support and resistance levels, as well as potential reversal points, by detecting when prices move outside of normal volatility ranges.
Customization settings — in Angel Signal Pro, you can select which indicators and features you want to display. All elements can be turned on or off according to your preferences. There is also the ability to change colors and the appearance of each element, allowing you to tailor the interface to your personal preferences and make the tool more convenient to use.
Angel Signal Pro is suitable for traders of all experience levels and helps navigate market conditions with confidence.
29 мар.
Информация о релизе
Added Super Trend, improved the quality of buy and sell signals, and enhanced settings. Now, all toggle buttons for enabling and disabling indicators follow one another.
30 мар.
Информация о релизе
Fixed several errors in the settings and improved gap search.
ATR-Based Target & Stop-Loss📈 ATR-Based Stop Loss & Target Finder Indicator – Description
The ATR-Based SL & Target Finder is a dynamic risk management tool designed to calculate optimal stop loss and target levels based on market volatility. It leverages the Average True Range (ATR)—a popular volatility indicator—to adaptively scale your risk according to current market conditions.
🔧 How It Works:
Input Parameters:
ATR Length (Default: 14): Determines the period over which ATR is calculated.
Risk Multiplier (for SL): The SL is calculated as a multiple of the ATR (e.g., 1.5× ATR).
Reward Multiplier (for Target): The target is calculated as a multiple of the ATR (e.g., 2× or 3× ATR).
Entry Candle Logic:
You define the entry candle (either via strategy logic or manual marking).
The indicator uses the high/low of this entry candle to place the SL and target.
Stop Loss & Target Levels:
For Long Positions:
SL = Entry Candle Low − (Risk Multiplier × ATR)
Target = Entry Price + (Reward Multiplier × ATR)
For Short Positions:
SL = Entry Candle High + (Risk Multiplier × ATR)
Target = Entry Price − (Reward Multiplier × ATR)
Visuals on Chart:
Horizontal lines or labels indicating SL and target levels.
Option to enable/disable real-time labels and color-coded zones.
✅ Key Features:
Volatility-Adjusted: Adapts to market conditions automatically.
Customizable Multipliers: Supports various risk-reward ratios (e.g., 1:2, 1:3).
Intraday & Positional: Works across timeframes (5-min to daily).
Trend-Agnostic: Can be paired with any entry strategy (EMA cross, candle rating, RSI/VWAP, etc.).
🎯 Ideal Use Case:
Traders seeking objective, emotion-free exits based on volatility—especially in fast-moving instruments like Nifty/Bank Nifty, stocks, or crypto. The indicator fits seamlessly with both manual trading setups and algo executions that require SL/target auto-calculation.
IBD Style Candles [tradeviZion]IBD Style Candles - Visualize Price Bars Like the Pros
Transform your chart with institutional-grade IBD-style bars and customizable moving averages for both daily and weekly timeframes. This indicator helps you visualize price action the way professionals at Investors Business Daily do.
What This Indicator Offers:
IBD-style bar visualization (clean, professional appearance)
Customizable coloring based on price movement or previous close
Automatic timeframe detection for appropriate moving averages
Four customizable moving averages for daily timeframes (10, 21, 50, 200)
Four customizable moving averages for weekly timeframes (10, 20, 30, 40)
Options to use SMAs or EMAs with adjustable colors and line widths
"The IBD-style bars provide a cleaner view of price action, allowing you to focus on market structure without the visual noise of traditional candles."
How to Apply the IBD-Style Bars:
On your TradingView chart, select "Bars" as the chart type from the main chart type selection menu (next to the time interval options).
Right-click on the chart and select "Settings".
Go to the "Symbol" tab.
Uncheck the "Thin Bars" option to display thicker bars.
Set the "Up Color" and "Down Color" opacity to 0 for a clean IBD-style appearance.
Enable "IBD-style Candles" from the script's settings.
To revert to the original chart style, repeat the above steps and restore the default settings.
Moving Average Configuration:
The indicator automatically detects your timeframe and displays the appropriate moving averages:
Daily Timeframe Moving Averages:
10-day moving average (SMA/EMA)
21-day moving average (SMA/EMA)
50-day moving average (SMA/EMA)
200-day moving average (SMA/EMA)
Weekly Timeframe Moving Averages:
10-week moving average (SMA/EMA)
20-week moving average (SMA/EMA)
30-week moving average (SMA/EMA)
40-week moving average (SMA/EMA)
Usage Tips:
Enable "Color bars based on previous close" to identify momentum shifts based on prior candle closes
Customize colors to match your chart theme or preference
Enable only the moving averages relevant to your trading strategy
For cleaner charts, reduce the number of visible moving averages
For stock trading, the 10/21/50/200 daily and 10/40 weekly MAs are most commonly used by institutions
// Example configuration for different timeframes
if timeframe.isweekly
// Weekly configuration
showSMA1_Weekly = true // 10-week MA
showSMA4_Weekly = true // 40-week MA
else
// Daily configuration
showMA2_Daily = true // 21-day MA
showMA3_Daily = true // 50-day MA
showMA4_Daily = true // 200-day MA
While the IBD style provides clarity, remember that no visualization method guarantees trading success. Always combine with proper analysis and risk management.
If you found this indicator helpful, please consider leaving a comment or suggestion for future improvements. Happy trading!
Buy and Sell Pressure Signals (Clean)This script identifies strong buy and sell pressure based purely on candlestick structure — no indicators, no clutter. It highlights key reversal or momentum candles using minimal visuals:
🔼 Green Triangle (Buy Pressure): A bullish candle with a large body and small upper/lower wicks, indicating strong upward momentum and buyer control.
🔽 Red Triangle (Sell Pressure): A bearish candle with a large body and small wicks, showing strong downward momentum and seller dominance.
Designed for traders who prefer clean, price-action-based signals without text labels or distracting overlays. Ideal for scalping, trend confirmation, or identifying exhaustion zones.
Pullback Setup HelperThe Pullback Setup Helper is a visual tool designed to assist traders in identifying high-probability pullback entry zones in both bullish and bearish trends. It dynamically calculates support and resistance pullback areas using a combination of recent price extremes and ATR-based volatility measures.
The indicator plots two main zones: one for potential long setups beneath recent highs, and another for short setups above recent lows. These zones are derived from configurable multipliers of the ATR to define depth and width, with an additional buffer to allow for slight overshoots or market noise.
Signals are generated when price enters a pullback zone and closes in the direction of the trend, using a relaxed condition (close > previous close for longs, close < previous close for shorts) to increase signal frequency. Entry signals appear as triangles on the chart, with optional alerts available for both long and short scenarios.
This tool is best used as a contextual guide to support trend-continuation trades, particularly when combined with additional confirmation from momentum or volume indicators.
FTC Confirmation (Daily + 60 + 30)This Pine Script strategy provides a "Full Timeframe Confirmation" (FTC) system by analyzing three timeframes: Daily, 60-min, and 30-min. It checks if all timeframes align in the same direction (either bullish or bearish) and colors the current candle accordingly. A green candle indicates a full bullish confirmation, while a maroon candle indicates a full bearish confirmation. This helps identify market trend reinforcement or rejection based on multi-timeframe analysis.
Pivot ATR Zones [v6]🟩 Pivot ATR Zones
Overview:
The Pivot ATR Zones indicator plots dynamic support and resistance zones based on pivot highs and lows, combined with ATR (Average True Range) volatility levels. It helps traders visually identify potential long and short trade areas, along with realistic target and stop loss zones based on market conditions.
Features:
Automatically detects pivot highs and lows
Draws ATR-based entry zones on the chart
Plots dynamic take-profit and stop-loss levels using ATR multipliers
Color-coded long (green) and short (red) zones
Entry arrow markers for clearer trade visualization
Real-time alerts when new zones form
Best For:
Scalpers, intraday traders, and swing traders who want a visual, volatility-aware way to mark potential trade areas based on key pivot structures.
How to Use:
Look for newly formed green zones for long opportunities and red zones for short setups.
Use the dashed lines as dynamic take-profit and stop levels, tuned to the current ATR value.
Combine with other confirmation tools or indicators for optimal results.
Vietnamese Market Structure With CountersThis indicator is designed to track Market Structure with Swing-Low Breakdowns and Swing-High Breakups specifically tailored for the Vietnamese stock market, though it can be applied elsewhere too. By default, it uses a 10-period EMA to dynamically detect key turning points in price action and count significant breakdowns or breakups from previous swing levels.
As an open source, you can modify the source code to match your needs.
What it does:
Detects when price breaks below previous swing lows or above previous swing highs.
Plots swing levels for both highs and lows.
Displays labeled counters on the chart to show how many consecutive breakdowns or breakups have occurred.
Helps traders identify trend shifts and possible exhaustion in moves.
Why it's useful:
This tool is great for visually tracking market momentum and structure changes — especially in trending or volatile environments. It emphasizes structure over indicators, helping you understand price behavior in a simplified, intuitive way.
License:
This script is published under the Mozilla Public License 2.0. Feel free to use, modify, and contribute!
Created with care by @doqkhanh.
If you find it useful, consider leaving a comment or sharing it with others!
Bitcoin Impact AnalyzerSummary of the "Bitcoin Impact Analyzer" script, the adjustments users can make, and an explanation of what the chart and table represent:
Script Summary:
The "Bitcoin Impact Analyzer" script is designed to help traders and analysts understand the relationship between a chosen altcoin and Bitcoin (BTC). It does this by:
Fetching price data for the specified altcoin and Bitcoin.
Calculating several key comparative metrics:
Normalized Prices: Shows the percentage performance of both assets from a common starting point.
Price Correlation: Measures how similarly the two assets' prices move over a defined period.
Beta: Indicates the altcoin's volatility relative to Bitcoin.
Altcoin/BTC Ratio: Shows the altcoin's value expressed in Bitcoin.
Fetching and displaying Bitcoin Dominance (BTC.D) data.
Visualizing these metrics on the chart as distinct plots.
Displaying the current values of these key metrics in a data table on the chart for quick reference.
The script aims to provide insights into whether an altcoin is outperforming or underperforming Bitcoin, how closely its price movements are tied to Bitcoin's, and its relative volatility.
User Adjustments:
Users can customize the script's behavior through several input settings:
Symbol Inputs:
Altcoin Symbol: Users can enter the ticker symbol for any altcoin they wish to analyze (e.g., BINANCE:ETHUSDT, KUCOIN:SOLUSDT).
Bitcoin Reference Symbol: Users can specify the Bitcoin pair to use as a reference, though BINANCE:BTCUSDT is a common default.
Lookback for Correlation/Beta:
Lookback Period: This integer value (default 50 periods) determines how many past candles are used to calculate the price correlation and beta.
A shorter lookback makes the metrics more sensitive to recent price action.
A longer lookback provides a smoother, more stable indication of the longer-term relationship.
Plot Visibility Options:
Users can toggle on or off the display of each individual plot on the chart:
Normalized BTC & Altcoin Prices
Altcoin/BTC Ratio
Correlation Plot
Bitcoin Dominance (BTC.D)
Beta Plot
This allows users to focus on specific metrics and reduce chart clutter.
What the Chart Represents:
The chart visually displays the historical trends and relationships of the selected metrics:
Normalized Prices Plot: Two lines (typically orange for BTC, blue for the altcoin) show the percentage growth of each asset from the start of the loaded chart data (or the first available data point for each symbol). This makes it easy to see which asset has performed better over time on a relative basis.
Correlation Plot: A single line (purple) oscillates between -1 and +1.
Values near +1 indicate a strong positive correlation (altcoin and BTC prices tend to move in the same direction).
Values near -1 indicate a strong negative correlation (they tend to move in opposite directions).
Values near 0 indicate little to no linear relationship.
Lines at +0.7 and -0.7 are often plotted as thresholds for "strong" correlation.
Beta Plot (if enabled): A single line (teal) shows the altcoin's volatility relative to BTC.
A Beta of 1 (often marked by a dashed line) means the altcoin has, on average, the same volatility as BTC.
Beta > 1 suggests the altcoin is more volatile than BTC (moves by a larger percentage for a given BTC move).
Beta < 1 suggests the altcoin is less volatile than BTC.
Bitcoin Dominance Plot: An area plot (gray) shows the percentage of the total cryptocurrency market capitalization that Bitcoin holds. This helps understand broader market sentiment and capital flows.
Altcoin/BTC Ratio Plot: A line (fuchsia) shows the price of the altcoin denominated in BTC.
An upward trend means the altcoin is gaining value against Bitcoin (outperforming).
A downward trend means the altcoin is losing value against Bitcoin (underperforming).
What the Table Represents:
The data table, typically located in the bottom-right corner of the chart, provides a snapshot of the current values for the most important calculated metrics. It includes:
Altcoin: The ticker symbol of the analyzed altcoin.
Bitcoin Ref: The ticker symbol of the Bitcoin reference.
Correlation (lookback): The current correlation coefficient between the altcoin and BTC, based on the specified lookback period. The value is color-coded (e.g., green for strong positive, red for strong negative).
Beta (lookback): The current beta value of the altcoin relative to BTC, based on the specified lookback period. The value may be color-coded to highlight significantly high or low volatility.
BTC.D Current: The current Bitcoin Dominance percentage.
ALT/BTC Ratio: The current price of the altcoin expressed in Bitcoin.
The table offers a quick, at-a-glance summary of the present market dynamics between the two assets without needing to interpret the lines on the chart for their exact current values.
New York Open Markerheyo,
surprisingly there aren't many indicators available which does the simple thing of just marking the 9:30 EST open or 10:00 am. also just having them present while backtesting makes it so much more easier to understand the pa.
you can turn off 10:00am marker if you don't use it.
good luck.
