BUY/SELL Timeframe ContinuityTime frame continuity refers to the alignment of price trends across multiple time frames. This means that the price movement is showing a consistent trend (either up or down) on various timeframes, like the 5-minute, 30-minute, hourly, and daily charts.
Why is it important?
Confirms Trend Strength: When multiple timeframes align, it indicates a strong and sustained trend.
Risk Management: Trading in the direction of the aligned trend can reduce risk.
This indicator checks if the current price of a selected timeframe is above or below its opening price. A buy/sell signal appears the second all bullish timeframes align (buy) or all bearish timeframes align. You can choose to paint the candles when the buy/sell conditions happen. You can select up to 10 different timeframes.
NOTE: With this indicator I prefer timeframes 15m, 30m, 1H, 4H, D, 5D, W - Together these timeframes are great for short-term trends on any stock.
Pattern grafici
Order Block Zones | Ahmed HALLOUB
This indicator identifies and displays key trading zones based on order block theory, helping traders spot potential support and resistance areas where significant buying or selling pressure has occurred.
Key Features
Dynamic Zone Detection
Automatically identifies bullish and bearish order blocks
Uses volume-weighted analysis for zone strength
Displays clear BUY and SELL zone labels
Customizable Parameters
Swing Length: Adjustable sensitivity (default: 10)
Zone Count: Options from "One" to "High" (1-10 zones)
ATR Multiplier: Controls zone size validation (default: 3.5)
Volume Information: Optional display of volume data
Visual Elements
Green zones indicate bullish order blocks (potential support)
Red zones indicate bearish order blocks (potential resistance)
Volume percentage shown for each zone
Clear labeling of BUY/SELL zones with precise levels
Advanced Features
Zone combining logic to prevent overlapping
Multiple timeframe support
Dynamic zone extension
Historical zone tracking
Zone invalidation monitoring
Support, Resistance & OHLCUPDATE:
This Pine Script code is an indicator for TradingView that displays support, resistance, and OHLC (Open, High, Low, Close) data across various timeframes. The code is divided into two main sections: Support/Resistance and OHLC Data.
Support and Resistance:
Logic for Support and Resistance: The indicator draws support and resistance lines after 4 consecutive candles without forming new lows (for support) or new highs (for resistance). This means that a support or resistance level is created after 4 candles that don't set new extremes.
Support: When the last 3 candles have lower lows, and the current candle forms a higher low, the support level is set.
Resistance: When the last 3 candles have higher highs, and the current candle forms a lower high, the resistance level is set.
Drawing the Lines and Labels:
Once the support or resistance level is determined, a horizontal line is drawn that extends left and right from the candle.
Additionally, labels for support and resistance are shown if the corresponding settings are enabled. These labels appear at a distance from the line and display the current support or resistance value.
Deleting the Lines:
If the price falls below the support level or rises above the resistance level, the respective line is deleted. This means that the market has breached the support or resistance level, making the line invalid.
When the support or resistance line is breached, alerts can be triggered to notify the trader.
Alerts:
The script provides options to set alerts when a support or resistance line is created or broken. These alerts notify the trader when the price reaches an important level.
OHLC Data:
The code allows the display of the high, low, close, and open values of the last candles across different timeframes (hourly, daily, weekly, monthly).
Settings:
Options are available to show these values for the respective timeframes.
The user can also adjust the size of the labels.
Visualization: The indicator plots lines for the high, low, and close values for each timeframe and places labels showing the respective values.
In summary, the indicator provides a detailed view of support and resistance levels, which are based on a 4-candle logic, and displays important OHLC values across different timeframes. The indicator also allows setting alerts for specific price levels, so traders can quickly react to market movements.
Multi-Symbol Scanner: Advanced EMA-RSI-Volume Strategy# Multi-Symbol Tech Stock Scanner: Advanced EMA-RSI-Volume Strategy
## Technical Analysis Methodology
This scanner implements a sophisticated multi-timeframe analysis approach combining three key technical elements:
### 1. Dual EMA System (Primary Trend Detection)
- **Long-term EMA (820 periods)**: Acts as the primary trend identifier
- Chosen specifically for tech stocks' longer-term price waves
- Helps filter out minor market noise while capturing major trend changes
- 820 periods approximately represents 3.2 years of trading days
- **Medium-term EMA (320 periods)**: Serves as trend confirmation
- Approximately 1.25 years of trading data
- Provides earlier entry signals while maintaining trend reliability
- Helps identify potential trend reversals before the major trend shift
### 2. Volume Analysis Component
The script employs a dynamic volume analysis system:
- Calculates 20-period moving average of volume as baseline
- Requires 1.5x surge above baseline for signal confirmation
- Volume surge requirement helps filter out weak moves and potential false breakouts
- Different from standard volume indicators as it uses adaptive thresholds
### 3. RSI Momentum Filter
Implements a specialized RSI configuration:
- 14-period RSI with dynamic overbought/oversold levels
- Oversold threshold: 30 (customizable)
- Overbought threshold: 70 (customizable)
- Used as a confirmation tool rather than primary signal generator
## Signal Generation Logic
### Buy Signal Requirements
1. Price must cross above 820 EMA (PRIMARY CONDITION)
2. Current price must be above 320 EMA (CONFIRMATION)
3. RSI must be above 30 but below 70 (MOMENTUM CHECK)
4. Volume must be 1.5x above 20-period average (STRENGTH VALIDATION)
### Sell Signal Requirements
1. Price must cross below 820 EMA (PRIMARY CONDITION)
2. Current price must be below 320 EMA (CONFIRMATION)
3. RSI must be above 30 but below 70 (MOMENTUM CHECK)
4. Volume must be 1.5x above 20-period average (STRENGTH VALIDATION)
## Risk Management Integration
The script automatically calculates key risk levels based on volatility:
1. **Stop Loss Calculation**:
- Default: 2% below entry for buys
- Dynamically adjusted based on price point
- Can be modified through input parameters
2. **Take Profit Targets**:
- Primary target: 6% above entry (3:1 reward-risk ratio)
- Based on historical tech stock movement patterns
- Adjustable through input parameters
## Multi-Symbol Implementation
The scanner monitors 6 symbols simultaneously using:
- Separate security calls for each data point
- Optimized data requests to prevent overload
- Individual signal processing for each symbol
- Synchronized alert generation system
## Technical Implementation Details
1. **Data Processing**:
```
- Security data requests on 10-minute timeframe
- Individual EMA calculations per symbol
- Separate volume analysis threads
- RSI calculations with standard deviation normalization
```
2. **Signal Processing**:
```
- Cross-verification of all conditions
- Time-based signal validation
- Volume surge confirmation
- Trend alignment check
```
3. **Alert System**:
```
- Bar-close confirmation required
- Multi-condition validation
- Detailed price level inclusion
- Risk parameter integration
```
## Optimization Features
1. **Memory Usage**:
- Optimized security calls
- Efficient data structure
- Reduced redundant calculations
2. **Processing Efficiency**:
- Single-pass data analysis
- Combined indicator calculations
- Streamlined alert generation
## Practical Application
The system is designed for:
1. Swing Trading (primary use)
2. Position Trading (secondary use)
3. Technical Breakout Trading
Optimal timeframes:
- Primary: 4H charts
- Secondary: Daily charts
- Verification: 1H charts
## Default Configuration
The scanner is preset to monitor key tech stocks:
- TSLA: High-volatility tech leader
- NVDA: Semiconductor sector benchmark
- AVGO: Stable tech infrastructure
- TSM: Global chip manufacturer
- META: Social media sector leader
- AMZN: E-commerce/Cloud computing leader
Each symbol can be modified through input parameters.
## Version Information
- Current Version: 1.3
- Last Updated: November 2024
- Compatibility: TradingView Pro/Pro+/Premium
## Limitations & Considerations
- Limited to 6 symbols due to TradingView security request limits
- Requires consistent market volume for optimal performance
- Best suited for liquid stocks with significant daily volume
- May need parameter adjustments during extreme market conditions
Tradeneur Trend DirectionIndicator that helps define the direction of the trend on different timeframes
Market Open Range Breakaway v1.2Script Name: Market Open Range Breakaway 1.2
This TradingView script, "Market Open Range Breakaway," highlights the market's opening range for a user-selected day of the week. It calculates the high and low prices during a specified period after the market opens, plots these levels, and tracks the opening price. The script dynamically adjusts for time zones and only displays data during market hours on the chosen day, with optional background shading for the defined range period.
Purpose: Identifies and highlights the market's opening range for a selected day of the week.
Features: Calculates and plots the high, low, and open price during the market's opening range.
Configurable range duration (e.g., 15, 30, or 60 minutes).
Automatically adjusts for different time zones.
Displays levels only during market hours on the target day.
Optional background shading for the opening range.
Inputs: Target day of the week.
Opening range duration.
Use Case: Ideal for traders looking to analyze breakout levels or price movements around the opening range.
Roman's Ranges(GOLD FUTURES)This indicator provides the user with Gold Future's previous day’s range and how long it took for the price to reach its first extreme for the day. This information is used to predict the most probable daily direction trend and estimate how long you should expect to hold your winning trade. The distance and time are based on the market open candle (6:30 am). It measures from the retracement wick of the candle to the last 5m close of the day’s first extreme low or high point. It also includes that distance in pts.
Previous market data does not guarantee future results, however, you can leverage the knowledge of the previous day’s ranges to set reasonable take profit levels and when your target is not met automatically, you know how long it took on the previous day to reach the day’s first low/high. If you are nearing that amount of time and your trade is not as profitable as expected, it is easier to get out with less profits using this estimated time rather than hoping the market closes in your favor.
Markets go through cycles and it can be difficult to trade them all if you have a fault expectation how how far the price is expected to move. Price tends to deviate slowly from the average ranges slightly day after day, but you can expect an average range to prevail throughout the week +/- 3 points. It can be very easy to be stuck on 5-point take-profit levels that you don’t pay attention to the average range being twice or three times that distance. The same can be said for the opposite scenario with having higher profit expectations than reasonably possible.
This indicator and my statements are not financial advice. This is meant for educational purposes only.
Custom Zig Zag with Absolute Price DifferenceThis Zig-Zag indicator visualizes the price movements of a financial instrument and highlights the relevant turning points (pivots) where the price has undergone a significant change. It uses a deviation threshold to mark only substantial movements and ignore minor fluctuations.
The input parameters allow the user to customize the indicator:
Deviation (%): Defines the minimum percentage deviation required to mark a turning point.
Depth: Specifies how many periods before and after a pivot are considered to determine whether it is a real high or low.
Line Color: Allows the user to change the color of the lines that connect the pivots.
Extend to Last Bar: If enabled, extends the last lines to the current bar.
Display Absolute Price Difference: If enabled, the indicator shows the absolute price difference between the current pivot and the previous one.
Label Size: Allows adjusting the font size of the displayed labels.
The logic of the indicator is based on calculating pivots (highs and lows) using price movements. The indicator then tracks the changes between successive pivots and represents them as lines. When the price shows a significant difference from the last pivot (measured in percentage), a line is drawn, and a label displaying the price difference is shown.
Additionally, the indicator uses the calc_dev function to compute the price deviation between the last pivot and the current price. This provides users with a clear visualization of price changes, helping to identify larger price movements.
High-Probability Buy/Sell with LevelsThis Pine Script indicator generates Buy and Sell signals based on dynamic manipulation and distribution levels derived from daily price data. It is designed for intraday traders seeking high-probability trades with clear stop-loss and take-profit levels, targeting minimum 50-100 point moves.
Key Features:
Manipulation & Distribution Levels:
Manipulation Plus: A quarter above the daily range added to the daily open.
Manipulation Minus: A quarter below the daily range subtracted from the daily open.
These levels signify areas of price breakout or reversal.
Signal Logic:
Buy Signal: Triggered when the price crosses above manipulation_plus.
Sell Signal: Triggered when the price crosses below manipulation_minus.
Signals are filtered to ensure they correspond to potential 50-100 point moves.
Stop Loss & Take Profit:
Stop Loss: Positioned at the opposite manipulation level (e.g., manipulation_minus for a buy signal).
Take Profit: Positioned at the manipulation level + threshold (e.g., manipulation_plus + 100 points).
Limited Signals:
The script ensures no more than 1-3 valid signals per session to avoid overtrading.
Visual Elements:
Buy (Green Label) and Sell (Red Label) signals appear on the specific candle for entry.
Stop Loss (Red Circles) and Take Profit (Green Circles) are plotted for clarity.
Customization:
The threshold for moves can be adjusted (default: 100 points).
How to Use:
Identify Signals:
Wait for a Buy or Sell signal on the chart.
Place a trade accordingly, aligning your entry with the label.
Manage Risk:
Set your stop loss and take profit at the suggested levels to manage risk and reward effectively.
High-Probability Trades:
Focus on limited trades per session for precision and to avoid noise.
This script is ideal for intraday traders looking for simplicity and a structured approach to target large moves in price. Let me know if further adjustments are needed!
Heikin-Ashi + SSL Strategy (Multi-Timeframe)To set the condition for Buy Signal or Sell Signal in TradingView, follow these steps:
Step-by-Step Guide to Set Alerts in TradingView:
Open the Alerts Panel:
In TradingView, look for the Alerts button on the top panel of the platform (it looks like a clock or bell). Click it to open the Alerts panel.
Create a New Alert:
In the Alerts panel, click on the "+" button or "Create Alert" button.
Choose the Condition:
In the Condition dropdown, you will see an option for the script you are using (e.g., your strategy script "Heikin-Ashi + SSL Strategy (Multi-Timeframe)").
Once you select your strategy from the dropdown, you'll see the available alert conditions you defined in the script.
"Buy Signal": This corresponds to the alert condition for the Buy signal.
"Sell Signal": This corresponds to the alert condition for the Sell signal.
Choose Alert Action:
After selecting the condition (either Buy Signal or Sell Signal), you need to define the alert actions.
Notify on App: Receive a notification on the TradingView app.
Show Popup: Show a pop-up notification on the screen.
Send Email: Receive an email alert when the condition is met.
Webhook URL: Send the alert to a webhook endpoint (useful for integration with other tools).
Choose the action that suits you best.
Set Alert Expiration:
You can set an expiration date for the alert, or choose to keep it active until you manually cancel it.
You can also choose how often you want the alert to trigger: once, once per bar, or every time the condition is met.
Create the Alert:
Once you have selected all the necessary options, click Create to finalize the alert.
Example Walkthrough:
If you want to create an alert for a Buy Signal:
Select the condition "Buy Signal" from the dropdown menu.
Choose your preferred alert action (e.g., notify on the app).
Set the expiration and alert frequency.
Click Create.
Similarly, if you want to create an alert for a Sell Signal:
Select the condition "Sell Signal" from the dropdown menu.
Choose your preferred alert action (e.g., notify on the app).
Set the expiration and alert frequency.
Click Create.
What Happens Next:
Whenever the specified conditions for either Buy Signal or Sell Signal are met in the strategy, TradingView will automatically trigger an alert based on your settings.
You can create multiple alerts for each condition if you'd like to track both Buy and Sell signals simultaneously.
Dynamic Horizontal Lines
Gann levels (squares of 9) have multiple levels. Adding lines at all these levels would add too much noise on the chart.
This indicator adds horizontal lines as per the Gann levels (Squares of 9) closest to the days close.
The current indicator add horizontal lines at the Gann level closest to the days close. It also adds 4 lines above & below the closest Gann level
I have considered Gann levels from 1 to 10000. You can append the Gann levels based on your requirements.
Buy The Dip - IndexingThis indicator is meant to both show you, and alert you when the market pulls back to various levels. Everything is customizable via the scripts settings. Let me know if you would like anything added.
ps. this was built for use on the weekly candles of an economy-tracking index like SPY, however this will work on any security, and any timeframe.
Levels:
Normal Volatility: 5%
Market Correction: 10%
Market Crash: 20%
Black Swan: 30%
ICT 5 min indicatorWhat This Does:
The Swing Highs and Lows will be plotted as green and red lines respectively, marking important price points.
The 50 EMA is plotted to help you visualize the trend direction.
The indicator will trigger alerts when a buy or sell condition is met, helping you stay notified of potential trade opportunities based on the price action and the trend.
Aligned Highs and Lows (0.25% Error, 3+ Required)This indicator shows when three or more bars in a row have the same end as the previous start within a 0.25% range. This helps identify when there is a possible accumulation or an attempt to break a support or resistance level from an order block.
ICT 4candle Setupbased on order block setup when 4 candle form and make a breakout conformation we get a entry to buy or sell
ABHITHEMAHI Previous Day High/Low & Round Numbers//@version=5
indicator(title="Previous Day High/Low & Round Numbers", overlay=true)
// Previous Day High and Low
prevHigh = request.security(syminfo.ticker, "D", high )
prevLow = request.security(syminfo.ticker, "D", low )
prevclose = request.security(syminfo.ticker, "D", close )
// Determine if the chart is intraday
isIntraday = ta.change(time("D")) == 0
// Plot Previous Day High and Low
plot(isIntraday ? prevHigh : na, title="Previous Day High", style=plot.style_cross, color=color.red, linewidth=2)
plot(isIntraday ? prevLow : na, title="Previous Day Low", style=plot.style_cross, color=color.green, linewidth=2)
plot(isIntraday ? prevclose : na, title="prevclose", style=plot.style_cross, color=color.green, linewidth=2)
// Round Number Levels
incrementVal = input.float(defval=500, title="Unit Place Rounding Value", tooltip="The Unit Place that a number will be rounded and distance between rounded levels. Example Value setting of 100 and a price of 225.00 would result in a line level value of 200.00; Where a price of 265.00 would result in a line level value of 300 with the same value setting of 100")
lQty = input.int(defval=2, minval=1, maxval=50, title="Line Amount", tooltip="Each Line Amount increase will add a line level above and below baseline level; Baseline = line nearest to price)")
offset = input.int(defval=50, minval=0, maxval=490, step=10, title="Line Price Horizontal Offset", inline="a")
textCol = input.color(defval=color.white, title="Price Label Text Color", tooltip="Use Horizontal Offset to adjust the X position of the price labels. To hide price labels disable Labels on the style tab", inline="a")
belowColor = input.color(defval=color.blue, title="Line Color Below price", inline="b")
aboveColor = input.color(defval=color.orange, title="Line Color Above price", inline="b")
ext = input.string(defval="To Right", options= , title="Extend Line: ")
float iv = incrementVal
lQty := lQty + 1
// Calculate Round Number Levels
RoundValue(value) =>
math.round(value / iv) * iv
baseVal = RoundValue(close)
// Plot Round Number Levels
if isIntraday
for j = 0 to lQty - 1
line.new(bar_index, baseVal + (j * iv), bar_index+1, baseVal + (j * iv), extend=ext == "Both" ? extend.both : extend.right, color=close > baseVal + (j * iv) ? belowColor : aboveColor)
for k = 1 to lQty - 1
line.new(bar_index, baseVal - (k * iv), bar_index+1, baseVal - (k * iv), extend=ext == "Both" ? extend.both : extend.right, color=belowColor)
Consecutive Candles StrategyEntry Conditions:
Long Entry:
Requires two consecutive green candles (where close > open)
The second green candle must be a strong candle (not a doji)
A strong candle is defined by its body being at least 50% of its total range (adjustable via minBodyToShadowRatio)
Short Entry:
Requires two consecutive red candles (where close < open)
The second red candle must be a strong candle (not a doji)
Same body-to-shadow ratio requirement as long entries
Exit Conditions:
All positions (both long and short) are automatically closed at the next candle's close
For example:
If you enter a long position on candle #1
The position will be closed at the end of candle #2
Trade Management:
Cooldown Period:
After each trade exits, there's a 2-candle waiting period
No new trades can be entered during this cooldown
This helps avoid overtrading and gives the market time to settle
Candle Strength Measurement:
bodySize = math.abs(close - open): Measures the actual body size of the candle
totalRange = high - low: Measures the total range including shadows
bodyToShadowRatio = bodySize / totalRange: Calculates what portion of the candle is body
A candle is considered "strong" if its body is at least 50% of its total range
Visual Indicators:
Green triangles below bars: Show long entry signals
Red triangles above bars: Show short entry signals
Yellow dots: Show the cooldown period countdown
Blue dots: Show the body-to-shadow ratio of current candle
Example Trade Sequence:
Market shows two green candles, second one is strong
Strategy enters a long position
Position is closed at the end of the next candle
Strategy waits for 2 candles (cooldown)
Only then looks for new trade opportunities
You can adjust the strategy's sensitivity by modifying:
minBodyToShadowRatio: Higher values (closer to 1.0) require stronger candles
Currently set to 0.5 (50%), meaning the candle body must be at least half of the total candle range
Previous High and Low Count with Probabilities + Risk On/Off1. Purpose of the Script:
This trading script combines two important concepts:
Previous High and Low Count: It tracks whether the current price exceeds the previous day’s high or low and calculates probabilities for the next price movement (up or down).
Risk On / Risk Off Indicator: It evaluates market sentiment through various indicators (such as the Fear & Greed Index, VIX, and others) and shows whether the market is in a risk-on or risk-off state. This information impacts the probabilities of price movement.
2. How it Works:
Previous High and Low:
The script tracks how often the price exceeds the previous day’s high or low and calculates the probability of an upward or downward movement based on that. This gives you an idea of how often the market reacts at the previous day's high or low.
Risk On / Risk Off:
Based on various market factors (Fear & Greed Index, VIX, Put-Call Ratio, etc.), the script calculates the Risk On or Risk Off state.
In Risk On, the probability of an upward movement increases, and the probability of a downward movement decreases. In Risk Off, it’s the opposite.
Adjusted Probabilities:
The probabilities for an Up or Down movement are adjusted based on the current Risk On / Risk Off state. In a Risk On environment, the probability for an upward move increases, while in a Risk Off environment, the probability for a downward move increases.
3. How to Use the Script:
Add the Script in TradingView:
TradingView:
Click on "Add to Chart" to apply the script to your chart.
Manual Input of Indicators:
For the Fear & Greed Index, VIX, and other indicators, you need to manually enter the current values. You can get these values from various publicly available sources:
Fear & Greed Index: CNN Fear & Greed Index
VIX (Volatility Index): VIX Index
Other indicators like Put-Call Ratio, Bitcoin Volatility, Oil Prices, and US Dollar Index can also be manually inputted, and they can be found on finance websites like Yahoo Finance, MarketWatch, and Bloomberg.
Observe the Colors and Symbols:
If the market is in a Risk On state, the background will turn green, and a green triangle will appear below the candle.
If the market is in a Risk Off state, the background will turn red, and a red triangle will appear above the candle.
Track the Probabilities:
A label will appear on the chart showing the calculated probabilities for Up and Down movements. These probabilities are adjusted based on the current market state (Risk On/Off).
4. Meaning of the Probabilities:
Up Probability: Indicates the probability that the price will rise.
Down Probability: Indicates the probability that the price will fall.
The probabilities are dynamic and adjust based on the Risk On / Risk Off state, helping you make better decisions based on the current market conditions.
Bullish Combination Scan - 0.1This Pine Script is designed to identify and signal potential bullish trading opportunities in TradingView charts. It evaluates two distinct conditions based on price and volume thresholds to determine whether a bullish setup exists. Here's an overview of the key functionalities:
Purpose of the Script
Scan for Bullish Patterns: The script identifies two types of bullish setups:
Stocks priced above $100.
Stocks priced between $3 and $99.
Generate Entry Signals: When conditions are met, the script triggers a buy signal and places a long entry order in TradingView's strategy tester.
Core Functionalities
Input Parameters:
User-adjustable parameters like:
Minimum volume threshold (volumeThreshold).
Upper (highPriceThreshold) and lower (lowPriceThreshold) price thresholds.
These allow flexibility to scan for stocks within different volume and price ranges.
Daily and Historical Price Calculations:
Retrieves current and historical values of close, open, high, low, and volume.
Uses ta.valuewhen to reference prior day values for comparison.
Compares price and volume trends over the last three days to detect consistent or improving bullish patterns.
Conditions for Bullish Signals:
Condition 1: For stocks priced above $100:
Large bullish candles (close significantly higher than open).
High volume (above volumeThreshold).
A stronger bullish move compared to the previous day.
Small gains in the last two days' price ratio, ensuring no overextended rally.
At least 70% of the daily range is on the upside.
Condition 2: For stocks priced between $3 and $99:
Recent price increases (day's close is at least 4% higher than the previous close).
Volume higher than the previous day and above the volumeThreshold.
No significant price overextension in the last two days.
Daily range on the upside meets the 70% threshold.
Trigger Buy Signals:
When either condition is true, the script executes a "BullishEntry" long strategy.
This makes the strategy adaptable for both higher-priced and mid-to-low-priced stocks.
Visualization:
Adds markers on the chart to highlight the specific conditions triggering the buy signals.
Green labels for stocks priced above $100.
Blue labels for stocks priced between $3 and $99.
Advantages of the Script
Versatility:
Applicable to a wide range of stocks with varying price points and volume characteristics.
User-adjustable parameters make it adaptable to different market conditions.
Precision:
Filters out low-quality signals by enforcing strict conditions (e.g., volume thresholds, price movement ratios, and daily range filters).
Clear Signal Representation:
Visual buy signals on the chart enhance usability.
Labels provide immediate clarity on which condition was met.
Backtesting-Ready:
Integrated with TradingView's strategy tester to evaluate the effectiveness of the bullish patterns over historical data.
Potential Use Cases
Short-Term Traders: Identify bullish setups for stocks poised for immediate upward movement.
Portfolio Diversification: Adapt thresholds to focus on either high-cap or low-cap stocks.
Backtesting: Analyze the performance of the bullish strategy over historical data to refine parameters for better accuracy.
Suggestions for Publishing
User-Friendly Description:
Provide a clear summary of what the script does.
Include examples of use cases, such as scanning for momentum trades.
Parameter Customization:
Highlight the adjustable inputs to encourage experimentation and personalization.
Suggest optimal values based on different trading styles or markets.
Performance Validation:
Share backtesting results or scenarios where the strategy has shown significant potential.
Attribution:
Encourage users to provide feedback and adapt the script to evolving market conditions.
This script is a powerful tool for traders looking to automate the detection of bullish setups, offering both adaptability and clarity for real-time and historical analysis.
Pinbar Buy/Sell ArrowsPin Bar Detection: The script defines functions for detecting bullish and bearish pin bars based on the proportions of the candlestick body and wicks.
Bullish Pin Bar: Has a long upper wick relative to the body and a body-to-wick ratio below a certain threshold.
Bearish Pin Bar: Has a long lower wick relative to the body and a body-to-wick ratio below a certain threshold.
Arrows: Green "BUY" arrows are plotted below bullish pin bars, and red "SELL" arrows are plotted above bearish pin bars.
Combined RSI, MACD, and Stochastic with RSI-based MAGreat Script for Scalping and intra day Trading. It combines 3 great scripts into one
Last months high and lowLast months high and low marked with a box.
Added lines at high and low with extension to the right and labled with the price.
