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IBS (Internal Bar Strength) Trading Strategy for SPY and NDQImplementation by AlgoTradeKit Overview The IBS Trading Strategy is a daily bars long-only trading system, based on the concept of Internal Bar Strength (IBS). The strategy aims to identify potential reversals by monitoring how the previous bar’s close positions itself within its high-low range. It is suitable for stock and US indices. The default parameters are optimized for SPY/SPX and NDQ/QQQ Strategy Concept The Internal Bar Strength (IBS) is calculated using the formula: IBS = (Previous Close - Previous Low) / (Previous High - Previous Low) This value always lies between 0 and 1. An IBS value below 0.2 is typically interpreted as an oversold condition, while a value above 0.9 suggests an overbought state. Trading Rules - Long Entry : - Condition 1 : IBS is below the user-defined entry threshold (default is 0.2). - Condition 2 : The current price is above an N-period Exponential Moving Average (EMA) (default period is 252). - Note : You can disable the EMA condition by setting the EMA period to 0. - Long Exit - The position is closed when IBS rises above the user-defined exit threshold (default is 0.9). Customization Options - IBS Entry Threshold : Adjust to set the sensitivity for entering a long trade based on oversold conditions. - IBS Exit Threshold : Customize to define the exit point when the market becomes overbought. - EMA Period : Set the lookback period for the EMA to align with your trend bias; disable this condition by setting the period to 0. Risk Management & Trading Considerations - Designed for daily charts, the strategy captures higher timeframe trends and minimizes noise. - The entry and exit conditions are straightforward, aiming to avoid over-trading while letting clear signals dictate trade management. - Always use proper risk management techniques and test the strategy thoroughly on historical data and in a simulated environment before applying it in live markets. Disclaimer This strategy is for educational and informational purposes only and does not constitute financial advice. Trading involves risk, and past performance is not indicative of future results. Always conduct your own research and consider your risk tolerance before making any trades.
Strategia Pine Script™
di Algotradekit
2
Simple Raja Banks StrategyThe Raja Banks Strategy is a breakout-based trading method designed to capture significant price movements after the London and New York sessions. This strategy identifies the highest (high) and lowest (low) levels during key trading sessions and waits for a confirmed breakout using the candle’s body (not just the wick). Advantages of the Raja Banks Strategy ✅ Reduces false breakout risks by considering only candle bodies. ✅ Leverages high volatility during the London & New York sessions. ✅ Ideal for breakout traders looking to capture major market movements. This strategy is widely used by professional traders to take advantage of strong market momentum while increasing the probability of successful breakouts.
Strategia Pine Script™
di iqbalfarisi
RSI Swing Indicator [future bot]This Pine Script indicator is designed to identify and visualize price swings based on the Relative Strength Index (RSI). It draws swing lines and labels on the chart to highlight overbought and oversold conditions, as well as the structure of price movements (e.g., Higher Highs, Lower Lows). The indicator is useful for traders who want to track RSI-based price swings and identify potential trend reversals or continuations. Key Features RSI-Based Swing Detection: The indicator uses RSI to detect overbought (above a user-defined threshold) and oversold (below a user-defined threshold) conditions. It tracks price swings between these extremes, drawing lines and labels to visualize the swings. Swing Lines: Draws lines connecting oversold to overbought levels and vice versa. Adjusts the lines dynamically as new extremes are reached. Labels for Price Structure: Labels are added to indicate the relationship between swings: HH (Higher High): The current swing high is higher than the previous one. LH (Lower High): The current swing high is lower than the previous one. HL (Higher Low): The current swing low is higher than the previous one. LL (Lower Low): The current swing low is lower than the previous one. Dynamic Updates: The indicator updates swing lines and labels in real-time as new price data comes in. If the price moves deeper into overbought or oversold territory, the swing lines and labels adjust accordingly. Input Parameters RSI Source: The price source for calculating RSI (default: close). RSI Length: The number of periods used to calculate RSI (default: 7). RSI Overbought Level: The threshold above which RSI is considered overbought (default: 70). RSI Oversold Level: The threshold below which RSI is considered oversold (default: 30). How It Works RSI Calculation: The script calculates the RSI value based on the user-defined source and length. State Detection: The script tracks whether the RSI is in an overbought or oversold state. Swing Detection: When the RSI transitions from oversold to overbought (or vice versa), the script draws a new swing line and labels the swing. If the price continues to move deeper into overbought or oversold territory, the swing lines and labels are updated to reflect the new extremes. Labeling Price Structure: The script compares the current swing high/low to the previous one and labels it as: HH (Higher High) or LH (Lower High) for swing highs. HL (Higher Low) or LL (Lower Low) for swing lows. Visualization: Swing lines are drawn between oversold and overbought levels. Labels are placed above/below the price to indicate the swing structure. Example Use Cases Trend Identification: Use the labels (HH, LH, HL, LL) to identify the overall trend structure. For example, a series of HH and HL labels indicates an uptrend, while a series of LH and LL labels indicates a downtrend. Reversal Signals: Look for divergences between price and RSI swings to identify potential reversals. For example, if the price makes a higher high (HH) but the RSI makes a lower high (LH), it could signal a bearish reversal. Swing Trading: Use the swing lines to identify potential entry and exit points based on RSI extreme
Indicatore Pine Script™
di zpid404
Momentum Robot - StructureThis free indicator is a companion to the Momentum Robot instrument grader. Structure puts the fundamentals of momentum trading all in one indicator. This indicator is intended to be used in momentum trading which makes realistic price targets clear for profit taking. Primarily to be used on the 1m and 10sec. It can actually be used on any timeframe for any style of trading. Below are the details of everything you are seeing in the indicator. EMA’s: The exponential moving averages included are the 9 ema, 20 ema and the 200 ema. These are the standard ema’s used in momentum trading. Once price has moved above each of these, it is in a good place to expect more upside. VWAP: Volume Weighted Average Price is also included (white) to show the average price based on volume. Once price is above this level, it is considered bullish. Peak Lines and Breakout targets: Shown with orange lines, these are the breakout targets where price has had a last rejection. The idea is, when price begins to make a move back to this line, there is a high probability that it will break through this level. .50 cent lines: In conjunction with the Peak Lines and Breakout Targets, the .50 cent lines (in gray) give a realistic expectation of where price will gravitate towards. So if the breakout line is .20 cents below a dollar level, there is a high probability that when price breaks the breakout line that it will move to the dollar level. A great spot for profit taking for long traders! To be used in conjunction with the Volume and MACD indicators. Enjoy this free indicator. This indicator is extracted from the full version of the Momentum Grader.
Indicatore Pine Script™
di lordcunningham
Swing Break Indicator//@version=5 indicator("Swing Break Indicator", overlay=true) // Input for swing length swingLength = input(5, title="Swing Length") // Identify swing high and swing low swingHigh = ta.highest(high, swingLength) swingLow = ta.lowest(low, swingLength) // Store previous swing values var float prevSwingHigh = na var float prevSwingLow = na var float lastSwingHigh = na var float lastSwingLow = na if high == swingHigh prevSwingHigh := lastSwingHigh lastSwingHigh := swingHigh if low == swingLow prevSwingLow := lastSwingLow lastSwingLow := swingLow // Conditions for Buy and Sell signals buySignal = low < prevSwingHigh and ta.crossover(low, prevSwingHigh) sellSignal = high > prevSwingLow and ta.crossunder(high, prevSwingLow) // Plot Buy and Sell labels labelPosition = 20 // Offset for label placement if buySignal label.new(bar_index, low - labelPosition * syminfo.mintick, "BUY", color=color.green, textcolor=color.white, style=label.style_label_down) if sellSignal label.new(bar_index, high + labelPosition * syminfo.mintick, "SELL", color=color.red, textcolor=color.white, style=label.style_label_up)
Indicatore Pine Script™
di sk4580882
RIFMA - Ruiz Icochea Fibonacci MA"RIFMA, created by Pharaoh BRC-20, is a powerful technical analysis tool harnessing Fibonacci sequence-aligned moving averages (5, 8, 13, 21, 55, 89, 144, 233, 377, 610, 987, 1597). Designed for precision, it dynamically adjusts colors—vivid green for short periods, transitioning through red to deep brown for longer ones—reflecting trends against a dark backdrop. With thin lines for short-term MAs and thicker ones for long-term, RIFMA excels at identifying trends, supports, and resistances across any market. Optimized for TradingView, it’s an essential companion for traders seeking clarity and actionable insights in their charts."
Indicatore Pine Script™
di PharaohBRC20
1
Wick Reversal Strategy with Body ConditionThe Wick Reversal strategy identifies potential trend reversals by analyzing candlestick patterns, focusing on wick length and body closure. When a candle closes near its high or low after forming a long wick, it signals a possible reversal. A long upper wick with a close near the low suggests bearish reversal potential, while a long lower wick with a close near the high indicates bullish reversal potential. This code automates the detection of such patterns, enabling traders to capitalize on early reversal signals. By incorporating body closure direction, it enhances accuracy, providing actionable insights for both uptrend and downtrend scenarios. It is recommended to use this on 15 minutes, 30 minutes and 1hr time frames.
Indicatore Pine Script™
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