USDTRY by GoX
You can view your share in the lower window in fixed USD/TL.
Alt pencerede hissenizi Dolar/TL cinsinden sabit şekilde görüntüleye bilirsiniz.
Concept
Multi-Timeframe Trend & S/RThis TradingView Pine Script indicator is designed to analyze market trends across multiple timeframes—4-hour, 1-hour, and 15-minute charts—to identify bullish and bearish trends, entry/exit points, and key support/resistance levels.
1. Inputs & Timeframe Selection
The script requests data from three different timeframes:
4-hour (240 min)
1-hour (60 min)
15-minute (15 min)
It processes moving averages, RSI values, and price action from these timeframes to determine trend strength and market direction.
2. Trend Analysis Using Moving Averages
A 50-period Simple Moving Average (SMA) is calculated for each timeframe.
If the 15-minute SMA is above the 1-hour SMA and the 1-hour SMA is above the 4-hour SMA, this indicates a strong bullish trend.
Conversely, if the 15-minute SMA is below the 1-hour SMA and the 1-hour SMA is below the 4-hour SMA, it signals a bearish trend.
3. Momentum Confirmation Using RSI (Relative Strength Index)
The RSI (14-period) is calculated for each timeframe.
If the 15-minute RSI is above 50, it supports a bullish trend.
If the 15-minute RSI is below 50, it confirms a bearish trend.
4. Entry & Exit Conditions
The script uses crossovers of moving averages for buy/sell signals:
Buy Signal (Long Entry):
When the 15-minute SMA crosses above the 1-hour SMA while confirming a bullish trend.
Sell Signal (Short Entry):
When the 15-minute SMA crosses below the 1-hour SMA while confirming a bearish trend.
Exit Conditions:
Exit Long: If the 15-minute SMA crosses below the 1-hour SMA.
Exit Short: If the 15-minute SMA crosses above the 1-hour SMA.
Buy signals are marked in green, sell signals in red, and exits in blue/orange.
5. Support & Resistance Levels
The script identifies key support and resistance levels for each timeframe:
Support Levels:
Lowest price over the last 50 bars for 4-hour, 1-hour, and 15-minute timeframes.
Resistance Levels:
Highest price over the last 50 bars for 4-hour, 1-hour, and 15-minute timeframes.
Each support and resistance level is plotted in different colors:
4-Hour Levels: Blue
1-Hour Levels: Green
15-Minute Levels: Purple
6. Visual Representation
Buy & Sell Markers:
Green "BUY" labels appear below the candles for long entries.
Red "SELL" labels appear above the candles for short entries.
Exit Markers:
Blue and orange "X" markers indicate exit points.
Support & Resistance Lines:
Clearly plotted on the chart for traders to recognize major price levels.
How This Indicator Helps Traders
Multi-timeframe analysis for a better market perspective.
Trend confirmation using moving averages and RSI.
Clear buy/sell signals to assist in trade execution.
Support/resistance plotting for better decision-making.
This script is useful for intraday and swing traders who rely on multiple timeframes for trade confirmation.
LITTLE PONY (ZigZag + FVG, Next-Bar Confirmation & TP/SL Lines)LITTLE PONY: Advanced ZigZag + Fair Value Gap (FVG) Trading System
This indicator combines ZigZag pivot detection with Fair Value Gap (FVG) analysis to identify high-probability trading setups. It includes automatic trade management with TP/SL levels and a comprehensive backtesting dashboard.
Key Features:
• ZigZag-based pivot detection (HH, HL, LH, LL patterns)
• Fair Value Gap (FVG) identification and visualization
• Automated trade entry on FVG retracements
• Dynamic TP/SL placement with risk management
• Visual trade management with entry/exit markers
• Built-in backtesting dashboard
Strategy Logic:
LONG: Enter when price retraces to a bullish FVG with HL/LL pattern
SHORT: Enter when price retraces to a bearish FVG with HH/LH pattern
Settings Explanation:
ZigZag Settings:
• Left Bars: Number of bars to look left for pivot detection (default: 5)
• Right Bars: Number of bars to look right for pivot detection (default: 5)
• Show HigherHigh/HigherLow/LowerHigh/LowerLow: Toggle pivot labels visibility
FVG Settings:
• FVG Threshold %: Minimum gap size as percentage (0 = any size)
• Auto: Automatically calculate threshold based on price action
• Show FVG Zones: Display FVG boxes on chart
• FVG Horizontal Box Length: How far FVG boxes extend (bars)
• Bullish/Bearish FVG Color: Customize FVG zone appearance
Trade Management:
• Require FVG Retracement: Wait for price to retrace into FVG before entry
• TP Adjustment (%): Fine-tune take profit levels
• Risk-Reward Ratio: SL is set to 90% of TP distance
• Minimum TP Distance %: Minimum reward required for trade
• Horizontal Line Length: Visual extension of TP/SL lines
Backtesting Dashboard:
• Enabled: Show/hide performance metrics
• Position: Dashboard location on chart
• Fill Backgrounds: Customize dashboard appearance
• Background: Dashboard color scheme
The indicator provides clear visual signals with:
• Color-coded pivot points (green for bullish, red for bearish)
• FVG zones with customizable colors
• Entry arrows with "Buy"/"Sell" labels
• Dashed lines showing trade path
• Cross markers at exit points
• TP/SL labels
• Comprehensive trade statistics
Performance tracking includes:
• Total trades taken
• Win/Loss count
• Win rate percentage
• Total profit/loss percentage
Note: This indicator is for educational and informational purposes only. Always conduct your own analysis and risk management.
NY Time Vertical LinesICT Killzone Asia, London Open, New York Open just with vertical lines.
Enjoy.
Close A/B Previous Bar H/L After TBFind if price is closed above or below previous candle, can create alert based on the condition
ICT OTE StrategyBased on ICT's OTE Strategy. Feel free to test and where can be improved. Enjoy!
NB! Need to know ICT OTE concept to understand strategy.
RSI and EMA Strategy with LabelsVERY GOOD, SCRIPT for buy or sell, mua và bán như 1 cái máy và lời lỗ liên tục để đốt tiền sau đó sẽ thấy được vấn đề và từ đó không mua bán nữa mà giải nghệ đi làm mướn
Daily Bias IndicatorThe Daily Bias Indicator is a TradingView script designed to help traders identify bullish and bearish biases based on price action from the last two daily candles. It highlights market sentiment by checking whether price breaks key levels and reacts accordingly.
How It Works:
Bullish Bias:
The price breaks above the previous high and closes above it.
The price breaks below the previous low but fails to close lower.
Bearish Bias:
The price breaks below the previous low and closes below it.
The price breaks above the previous high but fails to close higher.
Labels appear red at the bottom for bearish bias on the next day and green for bullish bias on the next day.
52-Week & 5-Year High/Low with DatesThis indicator is designed to help traders quickly identify key price levels and their historical context by displaying the 52-week high/low and 5-year high/low prices along with their respective dates. It provides a clear visual representation of these levels directly on the chart and in a dashboard table for easy reference.
Key Features
52-Week High/Low:
Displays the highest and lowest prices over the last 252 trading days (approximately 52 weeks).
Includes the exact date when these levels were reached.
5-Year High/Low:
Displays the highest and lowest prices over the last 1260 trading days (approximately 5 years).
Includes the exact date when these levels were reached.
Visual Labels:
High and low levels are marked on the chart with labels that include the price and date.
Dashboard Table:
A table in the top-right corner of the chart summarizes the 52-week and 5-year high/low prices and their dates for quick reference.
Customizable Date Format:
Dates are displayed in the YYYY-MM-DD format for clarity and consistency.
True Liquidity BlocksSo basically I've been deep diving into liquidity trading concepts similar to ICT (Inner Circle Trader) and developed an indicator that breaks down market movement through a volume-centric lens.
Key Concept:
Markets move not just by price, but by resolving trapped positions
Volume segments, not time intervals, show true market dynamics
VWAP (Volume Weighted Average Price) becomes a key structural reference
What Makes This Different:
Tracks volume segments instead of fixed time frames
Identifies "trapped" trader positions
Measures liquidity level efficiency
Color-codes bars based on nearest liquidity zone
Indicator Features:
Cyan/Red liquidity levels showing buy/sell pressure
Efficiency tracking for each level
Dynamic volume-based segmentation
Bar coloring to show nearest liquidity zone
Theoretical Inspiration: Viewed markets as energy systems where:
Positions create potential energy
Price movement resolves this energy
Trends form through systematic position liquidation
VWAP Recalculation in Each Segment:
Segment Start:
VWAP resets when volume threshold User Inputtable (600,000) is reached
Uses the last 4 price values (High, Low, Close, Close) for calculation
Weighted by volume traded during that segment
Calculation Method:
pineCopy = ta.vwap(hlcc4, na(segment_start) ? true : na, 1)
hlcc4: Combines high, low, close prices
na(segment_start): Ensures reset at new segment
Weighted by volume, not equal time intervals
Key Points:
Dynamic recalculation each segment
Reflects most recent trading activity
Provides real-time fair price reference
Tracks positioning
Essentially, VWAP resets and recalculates with each new volume segment, creating a rolling, volume-weighted average price that maps trader positioning.
BSL (Buy Side Liquidity) and SSL (Sell Side Liquidity) Explained:
When a volume segment closes relative to VWAP, it creates natural positioning traps:
BSL (Cyan) - Created when price closes BELOW THAT SEGMENT'S VWAP:
Bulls are positioned BELOW VWAP (trapped)
Shorts are positioned ABOVE VWAP (In Profit)
SSL (Red) - Created when price closes ABOVE THAT SEGMENT"S VWAP:
Bulls are positioned ABOVE VWAP (trapped)
Shorts are positioned BELOW VWAP (trapped)
Core Mechanism:
VWAP acts as a reference point for trader positioning
Trapped positions create inherent market tension
Levels expand to show accumulating pressure
Color-coded for quick identification of potential move direction
The goal: Visualize where traders are likely "stuck" and must eventually resolve their positions or liquidate other's, driving market movement.
It was just a fun experiment but If ya'll have any thoughts on it or what I could do to improve it, I would appreciate it.
Just a little note, It's optimized for futures, but if u uncheck the "Rest at Futures Open ?" setting, it allow full reign of any asset with volume data.
29&71 Goldbach levelsThe indicator automatically plots horizontal lines at the 29 and 71 price levels on your chart. These levels serve as psychological barriers in the market, where price action may react or consolidate, just as prime numbers are fundamental in the theory of numbers.
---
Features:
- 29 Level: Identifies significant areas where market participants may encounter support or resistance, similar to the importance of prime numbers in Goldbach's conjecture.
- 71 Level: Marks another key zone that might indicate possible price breakouts or reversals, offering traders a reference point for decision-making.
- Customizable: You can adjust the colors, line styles, or alerts associated with these levels to fit your trading preferences.
How to Use:
- Use the 29 and 71 levels to spot potential areas of support or resistance on the chart.
- Watch for price reactions at these levels for possible breakout or reversal setups.
- Combine the levels with other technical indicators for added confirmation.
---
This indicator blends the theory of prime numbers with market analysis, offering traders a novel approach to identifying key levels that might influence price movements.
SMT Divergence [TakingProphets]The SMT (Smart Money Technique) Divergence indicator identifies potential market manipulation and smart money footprints by comparing price action between correlated instruments. It uses a dual-detection system to catch both frequent local SMTs and larger structural SMTs:
• Primary detection uses a shorter lookback period (default 5) to identify common SMT patterns
• Secondary detection uses a longer lookback period (default 8) to catch larger structural SMTs
• Automatically filters significant moves to prevent noise
• Labels are placed clearly outside of price action for better visibility
• Toggle between showing all SMTs or only significant liquidity sweeps
Compare any two instruments to spot divergences in their price action. Particularly useful for:
- Futures vs Spot markets
- Related currency pairs
- Index vs its components
- Any correlated instruments
Default settings are optimized for intraday trading but can be adjusted for different timeframes.
Note: This indicator works best when comparing closely correlated instruments and should be used alongside other technical analysis tools.
Korea Premium (Upbit&Binance) by LastMoney
Thought about publishing description을 몇 초 동안
Crafting the indicator
I’m tasked with creating a detailed indicator for TradingView, highlighting its features like comparing Upbit and Binance prices, and including selection checkboxes and table display adjustments in both Korean and English.
다음은 이 지표를 TradingView에 퍼블리시할 때 사용할 수 있는 한글 및 영어 설명문입니다. 필요에 따라 내용을 수정하여 사용하세요.
한글 설명
지표명: Korea Premium Custom (Checkbox & Color)
개요:
이 지표는 국내 대표 암호화폐 거래소인 업비트의 가격과 해외 대표 거래소인 바이낸스의 가격을 비교하여 “김치프리미엄(한국 프리미엄)”을 계산해줍니다. 선택한 코인들의 업비트와 바이낸스(USD 가격에 USD/KRW 환율 적용) 가격을 실시간으로 불러와, 두 가격 간의 프리미엄을 백분율(%)로 나타냅니다.
주요 기능:
코인 선택 기능: 체크박스를 통해 BTC, ETH, XRP, ADA, DOGE, SOL, TRX, DOT 등 원하는 코인들을 선택하여 표시할 수 있습니다.
가격 표시: 업비트와 바이낸스의 가격을 원화 기준으로 불러오며, 천 단위 구분자(콤마)를 사용해 가독성을 높였습니다.
프리미엄 계산: 업비트 가격과 바이낸스 가격 차이를 백분율로 계산하여 “김프” 값을 제공합니다.
사용자 정의 색상: 배경, 셀 텍스트, 타이틀, 테두리 색상을 사용자가 원하는 색상으로 설정할 수 있습니다.
크기 축소 옵션: 체크박스로 5%, 10%, 15%, 20% 축소 옵션을 선택하여 테이블의 텍스트 크기를 조정할 수 있습니다.
알림 기능: 설정한 프리미엄 임계값을 초과할 경우 알림 조건이 활성화되어, 트레이딩뷰의 Alert 기능을 통해 사용자에게 경고를 제공합니다.
사용 방법:
차트에 지표를 추가한 후, 입력창에서 원하는 코인을 체크박스로 선택합니다.
필요에 따라 “Show Price”, “Simple Mode”, “한국어” 및 “Future (바이낸스 선물)” 옵션을 조정합니다.
사용자 정의 색상 옵션에서 표의 배경, 텍스트, 타이틀, 테두리 색상을 선택할 수 있습니다.
크기 축소 옵션에서 5%, 10%, 15%, 20% 중 하나를 선택하여 표의 텍스트 크기를 조정할 수 있습니다.
프리미엄 임계값을 설정하면, 선택한 코인 중 하나라도 해당 임계값을 초과할 때 트레이딩뷰의 Alert 시스템을 통해 알림을 받을 수 있습니다.
참고:
이 지표는 TradingView에서 제공하는 데이터(업비트 및 바이낸스)를 기반으로 합니다.
퍼블리쉬 시 설명에 데이터 출처 및 사용 조건을 명시해주시기 바랍니다.
English Description
Indicator Name: Korea Premium Custom (Checkbox & Color)
Overview:
This indicator compares cryptocurrency prices between Korea’s leading exchange (Upbit) and a major international exchange (Binance) to calculate the “Korea Premium” (also known as “Kimchi Premium”). It fetches real-time prices for selected coins from Upbit (in KRW) and Binance (USD prices converted to KRW using the USD/KRW exchange rate), then displays the premium as a percentage.
Key Features:
Coin Selection: Choose the coins you want to display (BTC, ETH, XRP, ADA, DOGE, SOL, TRX, DOT) using checkboxes.
Price Display: Prices from Upbit and Binance are shown in Korean Won with thousand separators to enhance readability.
Premium Calculation: The indicator computes the premium as the percentage difference between the Upbit and Binance prices.
Customizable Colors: Users can set their preferred colors for the background, cell text, title, and border.
Size Scaling Options: Four size reduction options (5%, 10%, 15%, 20%) are available as checkboxes, which adjust the table’s text size accordingly.
Alert Functionality: An alert condition is provided; if the premium for any selected coin exceeds the specified threshold, an alert is triggered through TradingView’s alert system.
How to Use:
Add the indicator to your chart and select the desired coins via the checkboxes.
Adjust the options such as “Show Price”, “Simple Mode”, “Korean”, and “Future (Binance Futures)” as needed.
Customize the table’s appearance by choosing your preferred colors for background, text, title, and border.
Use the size scaling options (5%, 10%, 15%, or 20%) to adjust the text size in the table.
Set the premium threshold; if any coin’s premium exceeds this value, an alert will be triggered using TradingView’s Alert system.
Note:
This indicator is based on data provided by TradingView from Upbit and Binance.
When publishing, please include data source information and any usage disclaimers as needed.
Global M2 Index Percentage### **Global M2 Index Percentage**
**Description:**
The **Global M2 Index Percentage** is a custom indicator designed to track and visualize the global money supply (M2) in a normalized percentage format. It aggregates M2 data from major economies (e.g., the US, EU, China, Japan, and the UK) and adjusts for exchange rates to provide a comprehensive view of global liquidity. This indicator helps traders and investors understand the broader macroeconomic environment, identify trends in money supply, and make informed decisions based on global liquidity conditions.
---
### **How It Works:**
1. **Data Aggregation**:
- The indicator collects M2 data from key economies and adjusts it using exchange rates to calculate a global M2 value.
- The formula for global M2 is:
\
2. **Normalization**:
- The global M2 value is normalized into a percentage (0% to 100%) based on its range over a user-defined period (default: 13 weeks).
- The formula for normalization is:
\
3. **Visualization**:
- The indicator plots the M2 Index as a line chart.
- Key reference levels are highlighted:
- **10% (Red Line)**: Oversold level (low liquidity).
- **50% (Black Line)**: Neutral level.
- **80% (Green Line)**: Overbought level (high liquidity).
---
### **How to Use the Indicator:**
#### **1. Understanding the M2 Index:**
- **Below 10%**: Indicates extremely low liquidity, which may signal economic contraction or tight monetary policy.
- **Above 80%**: Indicates high liquidity, which may signal loose monetary policy or potential inflationary pressures.
- **Between 10% and 80%**: Represents a neutral to moderate liquidity environment.
#### **2. Trading Strategies:**
- **Long-Term Investing**:
- Use the M2 Index to assess global liquidity trends.
- **High M2 Index (e.g., >80%)**: Consider investing in risk assets (stocks, commodities) as liquidity supports growth.
- **Low M2 Index (e.g., <10%)**: Shift to defensive assets (bonds, gold) as liquidity tightens.
- **Short-Term Trading**:
- Combine the M2 Index with technical indicators (e.g., RSI, MACD) for timing entries and exits.
- **M2 Index Rising + RSI Oversold**: Potential buying opportunity.
- **M2 Index Falling + RSI Overbought**: Potential selling opportunity.
#### **3. Macroeconomic Analysis**:
- Use the M2 Index to monitor the impact of central bank policies (e.g., quantitative easing, rate hikes).
- Correlate the M2 Index with inflation data (CPI, PPI) to anticipate inflationary or deflationary trends.
---
### **Key Features:**
- **Customizable Timeframe**: Adjust the lookback period (e.g., 13 weeks, 26 weeks) to suit your trading style.
- **Multi-Economy Data**: Aggregates M2 data from the US, EU, China, Japan, and the UK for a global perspective.
- **Normalized Output**: Converts raw M2 data into an easy-to-interpret percentage format.
- **Reference Levels**: Includes key levels (10%, 50%, 80%) for quick analysis.
---
### **Example Use Case:**
- **Scenario**: The M2 Index rises from 49% to 62% over two weeks.
- **Interpretation**: Global liquidity is increasing, potentially due to central bank stimulus.
- **Action**:
- **Long-Term**: Increase exposure to equities and commodities.
- **Short-Term**: Look for buying opportunities in oversold assets (e.g., RSI < 30).
---
### **Why Use the Global M2 Index Percentage?**
- **Macro Insights**: Understand the broader economic environment and its impact on financial markets.
- **Risk Management**: Identify periods of high or low liquidity to adjust your portfolio accordingly.
- **Enhanced Timing**: Combine with technical analysis for better entry and exit points.
---
### **Conclusion:**
The **Global M2 Index Percentage** is a powerful tool for traders and investors seeking to incorporate macroeconomic data into their strategies. By tracking global liquidity trends, this indicator helps you make informed decisions, whether you're trading short-term or planning long-term investments. Add it to your TradingView charts today and gain a deeper understanding of the global money supply!
---
**Disclaimer**: This indicator is for informational purposes only and should not be considered financial advice. Always conduct your own research and consult with a professional before making investment decisions.
Gold Pro StrategyHere’s the strategy description in a chat format:
---
**Gold (XAU/USD) Trend-Following Strategy**
This **trend-following strategy** is designed for trading gold (XAU/USD) by combining moving averages, MACD momentum indicators, and RSI filters to capture sustained trends while managing volatility risks. The strategy uses volatility-adjusted stops to protect gains and prevent overexposure during erratic price movements. The aim is to take advantage of trending markets by confirming momentum and ensuring entries are not made at extreme levels.
---
**Key Components**
1. **Trend Identification**
- **50 vs 200 EMA Crossover**
- **Bullish Trend:** 50 EMA crosses above 200 EMA, and the price closes above the 200 EMA
- **Bearish Trend:** 50 EMA crosses below 200 EMA, and the price closes below the 200 EMA
2. **Momentum Confirmation**
- **MACD (12,26,9)**
- **Buy Signal:** MACD line crosses above the signal line
- **Sell Signal:** MACD line crosses below the signal line
- **RSI (14 Period)**
- **Bullish Zone:** RSI between 50-70 to avoid overbought conditions
- **Bearish Zone:** RSI between 30-50 to avoid oversold conditions
3. **Entry Criteria**
- **Long Entry:** Bullish trend, MACD bullish crossover, and RSI between 50-70
- **Short Entry:** Bearish trend, MACD bearish crossover, and RSI between 30-50
4. **Exit & Risk Management**
- **ATR Trailing Stops (14 Period):**
- Initial Stop: 3x ATR from entry price
- Trailing Stop: Adjusts to lock in profits as price moves favorably
- **Position Sizing:** 100% of equity per trade (high-risk strategy)
---
**Key Logic Flow**
1. **Trend Filter:** Use the 50/200 EMA relationship to define the market's direction
2. **Momentum Confirmation:** Confirm trend momentum with MACD crossovers
3. **RSI Validation:** Ensure RSI is within non-extreme ranges before entering trades
4. **Volatility-Based Risk Management:** Use ATR stops to manage market volatility
---
**Visual Cues**
- **Blue Line:** 50 EMA
- **Red Line:** 200 EMA
- **Green Triangles:** Long entry signals
- **Red Triangles:** Short entry signals
---
**Strengths**
- **Clear Trend Focus:** Avoids counter-trend trades
- **RSI Filter:** Prevents entering overbought or oversold conditions
- **ATR Stops:** Adapts to gold’s inherent volatility
- **Simple Rules:** Easy to follow with minimal inputs
---
**Weaknesses & Risks**
- **Infrequent Signals:** 50/200 EMA crossovers are rare
- **Potential Missed Opportunities:** Strict RSI criteria may miss some valid trends
- **Aggressive Position Sizing:** 100% equity allocation can lead to large drawdowns
- **No Profit Targets:** Relies on trailing stops rather than defined exit targets
---
**Performance Profile**
| Metric | Expected Range |
|----------------------|---------------------|
| Annual Trades | 4-8 |
| Win Rate | 55-65% |
| Max Drawdown | 25-35% |
| Profit Factor | 1.8-2.5 |
---
**Optimization Recommendations**
1. **Increase Trade Frequency**
Adjust the EMAs to shorter periods:
- `emaFastLen = input.int(30, "Fast EMA")`
- `emaSlowLen = input.int(150, "Slow EMA")`
2. **Relax RSI Filters**
Adjust the RSI range to:
- `rsiBullish = rsi > 45 and rsi < 75`
- `rsiBearish = rsi < 55 and rsi > 25`
3. **Add Profit Targets**
Introduce a profit target at 1.5% above entry:
```pine
strategy.exit("Long Exit", "Long",
stop=longStopPrice,
profit=close*1.015, // 1.5% target
trail_offset=trailOffset)
```
4. **Reduce Position Sizing**
Risk a smaller percentage per trade:
- `default_qty_value=25`
---
**Best Use Case**
This strategy excels in **strong trending markets** such as gold rallies during economic or geopolitical crises. However, during sideways or choppy market conditions, the strategy might require manual intervention to avoid false signals. Additionally, integrating fundamental analysis—like monitoring USD weakness or geopolitical risks—can enhance its effectiveness.
---
This strategy offers a balanced approach for trading gold, combining trend-following principles with risk management tailored to the volatility of the market.
Daily Asian RangeDaily Asian Range Indicator
This indicator is an enhanced version inspired by @toodegrees' "ICT Friday's Asian Range" indicator. While maintaining the core concepts, this version expands functionality for daily analysis and adds comprehensive customization options.
### Overview
The Asian Range indicator identifies and visualizes potential liquidity areas based on price action during the Asian session (8:00 PM - 12:00 AM ET). It plots both body and wick ranges along with multiple standard deviation levels that can serve as potential price targets or areas of interest.
### Features
- Flexible Display Options
- Choose between Body, Wick, or Both for range boxes and deviation lines
- Customizable colors, styles, and borders for all visual elements
- Historical sessions display (0-20 previous sessions)
- Advanced Standard Deviation Levels
- Multiple deviation multipliers (1.0, 1.5, 2.0, 2.3, 3.5)
- Separate visualization for body and wick-based deviations
- Clear labeling system for easy identification
- Precise Time Management
- Asian session: 8:00 PM - 12:00 AM ET
- Deviation lines extend through the following trading day
- Proper timezone handling for accuracy
### Usage
- Works on timeframes from 1 to 15 minutes
- Use the range boxes to identify key price levels from the Asian session
- Standard deviation levels can serve as potential targets or areas of interest
- Combine with other indicators for enhanced analysis
### Credits
Original concept and base implementation by @toodegrees
Enhanced and expanded by @Omarqqq
### Disclaimer
This indicator is for educational and informational purposes only. Always conduct your own analysis and use proper risk management.
Minute Markers ATT MethodStrategic Implementation Guide: Time-Based Market Analysis Indicator
Overview:
The Minute Markers indicator is designed to provide traders with precise time-based reference points throughout the trading session. By marking specific minutes of each hour with vertical lines, this tool enables traders to identify potential market turning points and execute trades with enhanced timing precision.
Key Features:
The indicator displays vertical lines at minutes 3, 11, 17, 29, 41, 47, 53, and 59 of each hour within user-defined trading hours. These specific time markers have been selected to align with common institutional trading patterns and market microstructure elements.
Strategic Applications:
Market Structure Analysis:
The indicator helps traders identify recurring patterns in market behavior at specific times during each hour. This can be particularly valuable for understanding institutional order flow and potential price action patterns that may develop around these time points.
Trade Timing Optimization:
Traders can use these time markers to:
Refine entry and exit points for their trades
Avoid entering positions during potentially volatile time periods
Plan their trades around known institutional trading windows
Coordinate their trading activities with specific market events
Risk Management:
The customizable trading hours feature allows traders to focus on their preferred market sessions while avoiding periods of reduced liquidity or increased volatility. This can help in managing risk exposure during specific market conditions.
Implementation Recommendations:
Initial Observation Phase:
Begin by observing how your traded instruments behave around these time markers over several trading sessions. Document any recurring patterns or notable price action characteristics.
Pattern Recognition:
Pay particular attention to:
Price reaction at these time points
Volume changes around the marked times
Trend continuation or reversal patterns
Changes in volatility
Strategy Integration:
Incorporate these time markers into your existing trading strategy by:
Using them as potential entry or exit points
Setting time-based stop losses
Planning position sizing based on time-related volatility patterns
Adjusting trade management techniques around these specific times
Performance Optimization:
The indicator's customizable visual settings allow traders to:
Adjust line styles for better visibility
Modify colors to match their chart theme
Set specific trading hours to focus on their preferred sessions
Conclusion:
The Minute Markers indicator serves as a sophisticated timing tool that can enhance trading precision and market analysis capabilities. When properly integrated into a comprehensive trading strategy, it can provide valuable insights into market structure and help optimize trade execution timing.
TDGS Dynamic Grid Trading Strategy [CoinFxPro]Advanced Dynamic Grid Trading Strategy
Logic and Working Principle:
This strategy uses a dynamic grid system to support both long and short trades. Grid trading aims to capitalize on price fluctuations within a predefined range by executing buy and sell orders systematically. The system calculates grid levels based on a base price and dynamically trades within these levels.
Grid Levels:
Grid levels are calculated based on the initial price and the user-defined grid spacing percentage.
Long Mode: Buys when the price decreases and sells when the price increases.
Short Mode: Sells when the price increases and buys when the price decreases.
Grid Updates:
Grid levels are recalculated based on the market price when the price moves by a user-defined update percentage.
For example;
In Long mode, when the price shows an upward trend, that is, when it rises by the Grid Update Percentage specified by the user, Grid levels are recreated and trades are made according to the new grid levels. While the price and grid levels are updated according to the new price, the Stop level is also updated upwards and the stop is followed with the TrailingStop logic.
In short mode, the same system operates with reverse logic. In other words, as prices decrease downwards, the grids are updated downwards when the Grid update percentage determined by the user decreases. The stop level is also updated accordingly.
The difference of the strategy from other Gridbots is that the grid levels are automatically updated and the levels are recreated with the price percentage difference determined by the user. Old levels can be tracked on the chart.
As the price updates, the self-updating grid levels are updated upwards in long mode and downwards in short mode.
The number of buying lots and selling lots are separated, allowing both trading within the position and the opportunity to collect lots and increase the position.
When trading with the grid trading logic, when buying and selling between grids, there is no repeated purchase at the same level unless there is a sale at the upper grid level. In this way, each level will be traded within itself.
For example, in a long condition, when the price is going up, after deducting the selling lot from the buying lot at each level, the remaining lots will be collected while the price is going up and an opportunity will be provided from the price rise.
Different preferences have been added to the profit taking conditions, allowing the robot to continue or stop after profit taking, if desired.
The system, which acts entirely according to user parameters, constantly updates itself as long as it moves in the direction determined by itself, and in these conditions, transactions are carried out according to profit or stop conditions.
Parameters:
Grid Parameters:
Settings such as buy lot size, sell lot size, grid count, and grid spacing percentage allow flexibility and customization.
Risk Management:
Stop loss (%) and take profit (%) levels help limit potential losses and secure profits at predefined thresholds.
Objective:
The goal of this strategy is to systematically capitalize on market price fluctuations through automated grid trading. This method is particularly effective in volatile markets where the price oscillates within a specific range.
The strategy works with a complete algorithm logic, and in appropriate instruments (especially instruments with depth and transaction volume should be preferred), buying and selling transactions are made according to the parameters determined at the beginning, and if the conditions go beyond the conditions, the stop is made, and when the profit taking conditions are met, it takes profit and prices according to the determined value. When it is updated, the values are updated again and the parameter works algorithmically.
Risk Management Recommendations:
Initial Capital: Grid trading involves frequent transactions, so sufficient initial capital is essential.
Stop Loss: Always set stop loss levels to prevent significant losses.
Grid Count and Spacing: A higher number of grids provides more trading opportunities but using grids that are too close may increase transaction costs due to small price movements.
First of all, it is important for risk management that you choose instruments that have depth and high transaction volume.
Strategy results may differ as a result of the parameters entered. Therefore, before trading in your real account, it is recommended that you start real transactions after backtesting with different parameters.
If you are stuck on something, you can mention it in the comments.
SMA Ichimoku CrossesSMA Ichimoku Crosses displays the moving average between the last two crossings of the Tenkan-Sen and Kijun-Sen lines from Ichimoku Kinko Hyo. The line is calculated based on the closing prices at the time of the crossings and is added directly to the price chart, making it a convenient tool for trend analysis and identifying entry and exit points.
Features:
- Automatic calculation of Tenkan-Sen and Kijun-Sen lines.
- Fixation of closing prices at the point of line crossings.
- Calculation of the average price between the last two crossings.
- Display of a pink line on the price chart for convenient analysis.
How to use:
- Identify potential trend reversal zones by observing the line’s position relative to the price.
- Use the line as a dynamic level of support or resistance.
- Include the indicator in your Ichimoku strategies to enhance the accuracy of signals.
Suitable for:
- Traders using Ichimoku in their trading.
- Trend analysis enthusiasts.
- Those looking for additional filters for entry and exit points.
NWOG with FVGThe New Week Opening Gap (NWOG) and Fair Value Gap (FVG) combined indicator is a trading tool designed to analyze price action and detect potential support, resistance, and trade entry opportunities based on two significant concepts:
New Week Opening Gap (NWOG): The price range between the high and low of the first candle of the new trading week.
Fair Value Gap (FVG): A price imbalance or gap between candlesticks, where price may retrace to fill the gap, indicating potential support or resistance zones.
When combined, these two concepts help traders identify key price levels (from the new week open) and price imbalances (from FVGs), which can act as powerful indicators for potential market reversals, retracements, or continuation trades.
1. New Week Opening Gap (NWOG):
Definition:
The New Week Opening Gap (NWOG) refers to the range between the high and low of the first candle in a new trading week (often, the Monday open in most markets).
Purpose:
NWOG serves as a significant reference point for market behavior throughout the week. Price action relative to this range helps traders identify:
Support and Resistance zones.
Bullish or Bearish sentiment depending on price’s relation to the opening gap levels.
Areas where the market may retrace or reverse before continuing in the primary trend.
How NWOG is Identified:
The high and low of the first candle of the new week are drawn on the chart, and these levels are used to assess the market's behavior relative to this range.
Trading Strategy Using NWOG:
Above the NWOG Range: If price is trading above the NWOG levels, it signals bullish sentiment.
Below the NWOG Range: If price is trading below the NWOG levels, it signals bearish sentiment.
Price Touching the NWOG Levels: If price approaches or breaks through the NWOG levels, it can indicate a potential retracement or reversal.
2. Fair Value Gap (FVG):
Definition:
A Fair Value Gap (FVG) occurs when there is a gap or imbalance between two consecutive candlesticks, where the high of one candle is lower than the low of the next candle (or vice versa), creating a zone that may act as a price imbalance.
Purpose:
FVGs represent an imbalance in price action, often indicating that the market moved too quickly and left behind a price region that was not fully traded.
FVGs can serve as areas where price is likely to retrace to fill the gap, as traders seek to correct the imbalance.
How FVG is Identified:
An FVG is detected if:
Bearish FVG: The high of one candle is less than the low of the next (gap up).
Bullish FVG: The low of one candle is greater than the high of the next (gap down).
The area between the gap is drawn as a shaded region, indicating the FVG zone.
Trading Strategy Using FVG:
Price Filling the FVG: Price is likely to retrace to fill the gap. A reversal candle in the FVG zone can indicate a trade setup.
Support and Resistance: FVG zones can act as support (in a bullish FVG) or resistance (in a bearish FVG) if the price retraces to them.
Combined Strategy: New Week Opening Gap (NWOG) and Fair Value Gap (FVG):
The combined use of NWOG and FVG helps traders pinpoint high-probability price action setups where:
The New Week Opening Gap (NWOG) acts as a major reference level for potential support or resistance.
Fair Value Gaps (FVG) represent market imbalances where price might retrace to, filling the gap before continuing its move.
Signal Logic:
Buy Signal:
Price touches or breaks above the NWOG range (indicating a bullish trend) and there is a bullish FVG present (gap indicating a support area).
Price retraces to fill the bullish FVG, offering a potential buy opportunity.
Sell Signal:
Price touches or breaks below the NWOG range (indicating a bearish trend) and there is a bearish FVG present (gap indicating a resistance area).
Price retraces to fill the bearish FVG, offering a potential sell opportunity.
Example:
Buy Setup:
Price breaks above the NWOG resistance level, and a bullish FVG (gap down) appears below. Traders can wait for price to pull back to fill the gap and then take a long position when confirmation occurs.
Sell Setup:
Price breaks below the NWOG support level, and a bearish FVG (gap up) appears above. Traders can wait for price to retrace and fill the gap before entering a short position.
Key Benefits of the Combined NWOG & FVG Indicator:
Combines Two Key Concepts:
NWOG provides context for the market's overall direction based on the start of the week.
FVG highlights areas where price imbalances exist and where price might retrace to, making it easier to spot entry points.
High-Probability Setups:
By combining these two strategies, the indicator helps traders spot high-probability trades based on major market levels (from NWOG) and price inefficiencies (from FVG).
Helps Identify Reversal and Continuation Opportunities:
FVGs act as potential support and resistance zones, and when combined with the context of the NWOG levels, it gives traders clearer guidance on where price might reverse or continue its trend.
Clear Visual Signals:
The indicator can plot the NWOG levels on the chart, and shade the FVG areas, providing a clean and easy-to-read chart with entry signals marked for buy and sell opportunities.
Conclusion:
The New Week Opening Gap (NWOG) and Fair Value Gap (FVG) combined indicator is a powerful tool for traders who use price action strategies. By incorporating the New Week's opening range and identifying gaps in price action, this indicator helps traders identify potential support and resistance zones, pinpoint entry opportunities, and increase the probability of successful trades.
This combined strategy enhances your analysis by adding layers of confirmation for trades based on significant market levels and price imbalances. Let me know if you'd like more details or modifications!
DCA Alpha 1.0 Trading Tool for Dollar-Cost Averaging
Description:
DCA Alpha 1.0 is a precision-engineered trading tool designed to assist traders and investors in accumulating assets during market downturns. Using proprietary algorithms that combine momentum decay, extreme price deviation metrics, trend dynamics, divergence analysis, and mean regression, it identifies potential bottom extreme zones in various asset classes such as indices, stocks, crypto, and commodities.
This indicator highlights market conditions where assets are oversold, undervalued, or experiencing capitulation—providing disciplined, unleveraged dollar-cost averaging (DCA) opportunities. Ideal for long-term growth strategies, DCA Alpha 1.0 helps cut through market noise, pinpointing moments of peak fear and maximum reward potential.
Whether navigating volatile crypto markets, timing corrections in indices, or accumulating commodities, DCA Alpha 1.0 serves as a vital tool for mastering the art of buying low and building your assets up strategically.
Instructions:
Getting Started:
Add the Indicator:
Install DCA Alpha 1.0 on your TradingView chart.
Select your preferred asset class: stocks, indices, crypto, or commodities.
Choose an appropriate timeframe (e.g., daily or weekly for long-term DCA strategies).
Customize Inputs: Adjust the following settings to align with your strategy:
Percentage of Equity to Trade: Define the portion of your portfolio to allocate per signal (default: 1% equity).
Profit Target Percentages: Set thresholds for locking in gains (default: 50% on lower timeframes, 500% on higher timeframes).
Zones and Signals:
Extreme Negative Zones:
What It Represents:
These zones highlight conditions where prices are deeply oversold, indicating extreme bearish sentiment. The market is likely nearing a bottom, offering high-probability buying opportunities.
Entry Signals:
When the price enters these extreme negative zones, visual markers (e.g., green triangles or other indicators) will signal a potential buying opportunity. These moments are indicative of market exhaustion, signaling that a reversal could be imminent.
Momentum Decay & Divergence:
Momentum decay occurs when price movement slows over time. In extreme negative zones, if prices continue to fall but at a diminishing rate (e.g., decreased volume or a fading oscillator), it suggests weakening bearish momentum. This, coupled with bullish divergence (oscillator forming higher lows while price makes lower lows), signifies a reversal, making it an ideal point to consider dollar-cost averaging into the asset.
Neutral Zones:
What It Represents:
The neutral zone is a state of market equilibrium, where prices are neither overbought nor oversold. The market is in a balanced state, with no strong trend emerging.
Mean Regression:
In a neutral zone, the market is reverting to its mean or average price after overreacting in either direction. A price transition from extreme zones (overbought/oversold) to the neutral zone suggests a reversion to the market's long-term average, making this a period of reduced volatility and uncertainty.
Entering or Exiting Neutral Zones:
Traders should avoid entering or exiting positions during neutral zone conditions unless transitioning from an extreme zone (negative or positive). Transitioning from an extreme negative zone to neutral may suggest an opportunity to accumulate assets gradually, while a shift from neutral to an extreme negative zone may indicate a deeper correction and warrant caution.
Momentum Decay & Divergence (Exiting Neutral Zone):
If prices are rising but the oscillator shows lower highs (bearish divergence), and momentum is fading, this could signal a pullback. A transition out of the neutral zone in this context may prompt traders to hold off on new positions or consider profit-taking.
Extreme Positive Zones:
What It Represents:
Markets can also become overbought or overvalued. When price enters extreme positive zones, the asset may be overvalued, suggesting potential selling or a waiting period.
Exit Signals:
Red triangle indicators signal potential exit points when prices reach overbought conditions, signaling a time to lock in profits and reduce exposure.
Momentum Decay & Divergence (Exiting Positive Zone):
When prices are making new highs but momentum is weakening (momentum decay) and the oscillator is showing lower highs (bearish divergence), this could indicate a faltering rally. Such conditions represent an ideal time to reduce exposure or exit positions.
Key Inputs for Customization:
Percentage of Equity to Trade:
This setting allows you to allocate a portion of your total portfolio per buy signal. By default, 1% of equity is used per signal, but this can be adjusted based on your risk tolerance and strategy.
Profit Target Percentages:
These thresholds help lock in gains once the price moves a set percentage in your favor.
Lower Timeframes: Default profit target of 50%.
Higher Timeframes: Default profit target of 500%.
These settings can be customized for specific risk/reward preferences.
Warning!!! : Aggressive Mode
Aggressive Mode is an advanced feature designed for traders who want to increase the frequency of signals during periods of market volatility. This mode will trigger more frequent entries, even into slightly less extreme zones, capturing short-term reversals.
What Aggressive Mode Does:
It amplifies signals by allowing the tool to identify more frequent price reversals, including brief market corrections, increasing trade frequency. While this can offer more trading opportunities, it also exposes you to higher risk.
Warning:
Aggressive Mode should be used only by experienced traders familiar with short-term volatility. The increased frequency of signals could lead to higher risk exposure. Ensure robust risk management practices, such as stop-loss orders and profit-taking strategies, are in place before activating this mode.
Default Setting:
Aggressive Mode is disabled by default. It can be activated at your discretion based on your experience level and risk appetite.
Best Practices:
Focus on High-Quality Assets: Prioritize assets with strong recovery potential (e.g., major indices, blue-chip cryptocurrencies).
Use Longer Timeframes: Minimize market noise and optimize your DCA strategy by focusing on higher timeframes (e.g., daily or weekly charts).
Review Trading Inputs: Regularly adjust your inputs to ensure they align with your financial goals and risk tolerance.
Implement Risk Management: Use stop-loss orders and profit targets to manage risk, especially when using Aggressive Mode.
Disclaimer:
DCA Alpha 1.0 is designed specifically for unleveraged, long-term dollar-cost averaging strategies. It is not intended for day trading or leveraged positions. The tool excels at identifying market dips but cannot guarantee success. Users are fully responsible for their own risk management, including the use of stop-losses, profit targets, and position sizing.
Aggressive Mode increases trade frequency and may lead to higher exposure and potential losses. Only experienced traders should consider using this mode. Always understand the risks involved before incorporating this tool into your trading strategy.
Big Money by ChartedhighsBig Money by Chartedhighs
Script Overview:
The "Big Money" indicator is designed to help traders easily identify significant price movements on their charts. This script visually highlights candles where the price change from open to close exceeds a user-defined threshold. It draws attention to these key moments, providing a clear indication of potential big-money moves in the market.
Key Features:
Customizable Threshold:
Allows users to set a specific price change threshold via the input menu (Highlight Threshold).
Only candles with a price change greater than or equal to this value are highlighted.
Candle Highlighting:
Uses color-coded bars to emphasize candles meeting the threshold condition.
Candles are highlighted in yellow for immediate visual clarity.
Dynamic Box Annotation:
Draws a semi-transparent yellow box around highlighted candles.
Extends the box dynamically to subsequent bars, providing an area of interest for continued analysis.
Labeling for Key Moments:
Automatically adds a label ("BigMoney") above highlighted bars to further indicate significant price action.
How It Works:
The script calculates the price change for each bar (close - open) and compares it to the user-defined threshold.
If the price change meets or exceeds the threshold:
The bar color changes to yellow.
A box is drawn around the candle to highlight the price movement visually.
A label is added above the candle to emphasize its significance.
The box extends dynamically until the next highlighted candle, allowing users to track zones of activity.
Customization Options:
Highlight Threshold: Modify the threshold value to suit your trading style or instrument volatility.
Use Case:
This indicator is ideal for traders looking to identify significant price movements quickly. It helps to locate areas where "big money" might be flowing into the market, offering potential entry or exit opportunities.
How to Use:
Add the "Big Money by Chartedhighs" script to your TradingView chart.
Set the Highlight Threshold to a value suitable for your market or timeframe.
Observe highlighted candles and boxes for potential trading signals or areas of interest.
This script is highly visual, intuitive, and customizable, making it a great addition to any trader's toolkit!
