The CRT Indicator (2/2) @TorioTradesThis indicator is specifically designed for CRT (Candle Range Theory) to provide valuable insights into the daily price range, facilitating more informed intraday trading decisions. It helps traders analyze price action within the context of the day's overall movement, potentially improving their ability to identify optimal entry and exit points.
Before we continue we should thanks the creators of this indicator by following them:
x.com
x.com
x.com
x.com
Join my community: t.me
To keep charts uncluttered, a Cutoff Time will prevent drawings from extending beyond a specific point. The indicator automatically uses this to avoid messy charts with multiple drawings starting and stopping at various times.
The indicator features four customizable trading sessions (Killzones), each with adjustable times and labels. Traders can modify these sessions to match their preferred trading style, whether it's a variation on traditional ICT Killzones or entirely different timeframes. The sessions dynamically track high and low prices within their periods, extending pivot points until they're broken.
I'm excited by the positive response to this indicator and welcome your suggestions for improvements and future features. Please share your ideas!
Concept
Среднее значение баровИндикатор показывает изменение среднего значения свечей ( от минимума до максимума), за определенный период. Можно также настроить либо только падающие свечи, либо растущие.
3 buy FractionedDesigned to identify potential buying opportunities with high reliability, particularly on the daily timeframe. It combines multiple technical analysis tools to generate signals with enhanced accuracy and flexibility.
Key Features:
Multi-Condition Analysis:
RSI (<55) and Stochastic Oscillator (<55) to detect oversold conditions.
Bollinger Band proximity for price reversals.
Volume spikes to confirm market interest.
50-day Moving Average to ensure trend alignment.
Early Signal Detection:
Includes a 10-day and 20-day SMA crossover for additional confirmation.
Relaxed thresholds to capture trends earlier.
Customizable Parameters:
The thresholds for RSI, Stochastic, and volume are adjustable for different trading styles.
How to Use:
Use this indicator on daily timeframes for swing trading.
Look for the green 'BUY' label below the candles as the entry signal.
Combine with other tools (e.g., support/resistance levels, candlestick patterns) for additional confirmation.
The CRT Indicator (1/2) by TorioTradesThis indicator is specifically designed for CRT (Candle Range Theory) to provide valuable insights into the daily price range, facilitating more informed intraday trading decisions. It helps traders analyze price action within the context of the day's overall movement, potentially improving their ability to identify optimal entry and exit points.
Before we continue we should thanks the creators of this indicator by following them:
x.com
x.com
x.com
x.com
Join my community: t.me
To keep charts uncluttered, a Cutoff Time will prevent drawings from extending beyond a specific point. The indicator automatically uses this to avoid messy charts with multiple drawings starting and stopping at various times.
The indicator features four customizable trading sessions (Killzones), each with adjustable times and labels. Traders can modify these sessions to match their preferred trading style, whether it's a variation on traditional ICT Killzones or entirely different timeframes. The sessions dynamically track high and low prices within their periods, extending pivot points until they're broken.
I'm excited by the positive response to this indicator and welcome your suggestions for improvements and future features. Please share your ideas!
Standard Deviation Channel by Bill JohnsSets lines on chart for 1 standard deviation and 2 standard deviations above and below the Average over a set amount of time. The default is 180 intervals of the set interval. Example:
If chart is set to 1 day interval. There will be 5 lines drawn for the past 180 days for the average, 1 std deviation above the average, 2 std deviations above the average, 1 std deviation below the average and 2 std deviation below the average.
Any set alerts for crossing a line will have a default label. The default labels are: "Strong Sell" for alert on 2 std deviations above the average. "Evaluate for Sell" for 1 std deviation above the average. "Evaluate for Buy" for 1 std deviation below the average. "Strong Buy" for 2 std deviations below the average.
Wyckoff Price Action Pattern with AlertWyckoff Price Action Pattern with Alert.
It is a spring setup. when spring starts to fail it's mean trend is changed. For more accurate setup you can contact me.
Test_NeoТестим свою стратегию. Суть в поиске разворота. Появлении трех последовательных свечей одного цвета, и поддержки третьей свечи скользящими средними.
The Delta Vader - ICT Levels ALL-IN-ONE# 📈 The Delta Vader - ICT Levels ALL-IN-ONE 📉
Welcome to **The Delta Vader - ICT Levels ALL-IN-ONE**, a comprehensive TradingView indicator designed to integrate multiple Inner Circle Trader (ICT) concepts into a single, powerful tool. Whether you're a seasoned trader or just getting started, this indicator provides valuable insights to enhance your trading strategy.
---
## 🔍 **Overview**
**The Delta Vader - ICT Levels ALL-IN-ONE** combines several ICT techniques to help you identify key market levels, gaps, and imbalances. Here's what you can expect:
1. **ICT NWOG/NDOG (New Week Open Gap / New Day Open Gap):** Tracks and visualizes significant gaps at the start of the week or day.
2. **ICT 9:30 AM First Fair Value Gap (FVG):** Identifies and displays fair value gaps that form around the 9:30 AM market open.
3. **ICT NY Midnight Open:** Marks the New York midnight open session with customizable lines and labels.
4. **OHLC Previous Session Lines:** Plots the Open, High, Low, and Close (OHLC) levels from the previous trading session for reference.
---
## 🛠️ **Key Features**
### 1. **ICT NWOG/NDOG**
- **Gaps Tracking:** Automatically detects and marks gaps that occur at the beginning of the week (NWOG) or day (NDOG).
- **Customization:** Adjust colors, line styles, thickness, background fills, and labels to suit your preferences.
- **Event Horizon:** Optionally displays an event horizon line to highlight critical levels.
### 2. **ICT 9:30 AM First Fair Value Gap (FVG)**
- **Imbalance Detection:** Identifies Fair Value Gaps (FVG), Volume Imbalances (VI), and Liquidity Voids (LV) around the 9:30 AM market open.
- **Visualization Options:** Choose to display imbalances as blocks or lines with customizable colors and styles.
- **Labels & CE Lines:** Adds informative labels and Consequent Encroachment (CE) lines for better clarity.
### 3. **ICT NY Midnight Open**
- **Session Detection:** Automatically detects the New York midnight open session based on your specified timezone.
- **Visual Markers:** Plots vertical and horizontal lines at the midnight open price with customizable styles and colors.
- **Labels:** Adds labels to indicate the midnight open price for easy reference.
### 4. **OHLC Previous Session Lines**
- **Previous Session Levels:** Fetches and displays the Open, High, Low, and Close (OHLC) levels from the previous trading session.
- **Dynamic Updates:** Automatically updates lines and labels as new data comes in.
- **Customization:** Adjust colors, styles, and label offsets to match your chart preferences.
---
## 📋 **How to Use**
### 1. **Adding the Indicator to Your Chart**
1. **Open TradingView:** Log in to your TradingView account and navigate to the chart where you want to apply the indicator.
2. **Add Indicator:** Click on the **Indicators** button at the top of the chart.
3. **Search for the Indicator:** Type **"The Delta Vader - ICT Levels ALL-IN-ONE"** in the search bar.
4. **Apply:** Click on the indicator to add it to your chart.
### 2. **Configuring Settings**
Upon adding the indicator, you'll see various customizable settings grouped into different sections. Here's how to configure them:
#### **A. ICT NWOG/NDOG Settings**
- **Toggle Visibility:** Enable or disable the NWOG and NDOG lines.
- **Color & Style:** Choose colors for current and older gaps. Select line styles (solid, dashed, dotted) and thickness.
- **Background Fill:** Optionally fill the gap areas with colors for better visualization.
- **Labels:** Show or hide labels for gaps, adjust label colors, sizes, and offsets.
#### **B. ICT 9:30 AM First Fair Value Gap Settings**
- **Visualization Type:** Select whether to display imbalances as **Blocks** or **Lines**.
- **Imbalance Types:** Choose which types of imbalances to display (FVG, VI, LV).
- **CE Lines:** Enable Consequent Encroachment lines and customize their style and color.
- **Labels:** Configure label display options, including date, time, type, position, size, and color.
- **Styles:** Customize colors for new and previous imbalances, borders, and line styles.
#### **C. ICT NY Midnight Open Settings**
- **Session Time & Timezone:** Define the session time to detect the New York midnight open and set the appropriate timezone.
- **Vertical & Horizontal Lines:** Choose to display vertical and/or horizontal lines at the midnight open price. Customize their colors, styles, and extension options.
- **Labels:** Enable labels to display the midnight open price with customizable text color.
#### **D. OHLC Previous Session Lines Settings**
- **Higher Timeframe:** Select the timeframe (e.g., Daily) to fetch previous session's OHLC data.
- **Label Offset:** Adjust how far to the right labels appear from the OHLC lines for clarity.
### 3. **Interpreting the Indicator**
- **Gaps (NWOG/NDOG):** These highlight significant price levels where the market has opened significantly higher or lower than the previous close. They can indicate potential support or resistance zones.
- **Fair Value Gaps (FVG):** Represent areas where price has moved quickly, leaving an imbalance. These areas can act as future price targets or reversal points.
- **Volume Imbalances (VI) & Liquidity Voids (LV):** Indicate areas with unusual trading volume or gaps in liquidity, respectively, providing insights into market strength and potential reversals.
- **Midnight Open & OHLC Levels:** Provide reference points from previous sessions to help gauge market sentiment and potential breakout areas.
---
## 🎨 **Customization Tips**
- **Color Coding:** Use distinct colors for different imbalance types to easily differentiate them on your chart.
- **Line Styles & Thickness:** Adjust line styles and thickness to ensure clarity without cluttering your chart.
- **Labels:** Customize label sizes and positions to ensure they are readable and do not overlap with other chart elements.
- **Extend Options:** Decide whether to extend lines and blocks indefinitely or limit their extension based on your trading strategy.
---
## 💡 **Best Practices**
1. **Combine with Other Indicators:** Use **The Delta Vader** alongside other technical indicators like Moving Averages, RSI, or MACD for a more comprehensive analysis.
2. **Backtest Strategies:** Before applying real trades, backtest your strategies using the levels and gaps identified by the indicator to ensure their effectiveness.
3. **Adjust Settings to Match Timeframes:** Customize the indicator settings based on the timeframe you trade. For instance, shorter timeframes might require different gap detection parameters compared to longer ones.
4. **Stay Updated:** Regularly update the indicator to benefit from improvements and new features that enhance its functionality.
---
## 📈 **Example Usage Scenario**
Imagine you're analyzing the EUR/USD pair on a 15-minute chart:
1. **Identify Gaps:** Notice a **NWOG** indicating the market opened higher at the start of the week. This level might act as resistance.
2. **Monitor FVG:** At 9:30 AM, an **FVG** forms, suggesting a potential price target or reversal point.
3. **Check Midnight Open:** The **NY Midnight Open** line shows the price level where the New York session began, providing additional context.
4. **Reference Previous OHLC:** The **OHLC Previous Session Lines** highlight key levels from the previous day, offering potential support and resistance zones.
By integrating these insights, you can make more informed trading decisions, such as setting entry points, stop-loss levels, and take-profit targets.
---
## 🛠️ **Troubleshooting & Support**
- **Performance Issues:** If you experience lag, consider reducing the number of displayed gaps or imbalances by adjusting the **Maximum number** settings.
- **Incorrect Gap Detection:** Ensure your chart's timezone settings align with the indicator's configuration to accurately detect session opens and gaps.
- **Customization Help:** Refer to the settings panels to tweak colors, styles, and visibility options to better fit your trading style.
For further assistance or to provide feedback, feel free to reach out through the TradingView community or contact the indicator's developer directly.
---
## 🚀 **Get Started Today!**
Enhance your trading strategy with **The Delta Vader - ICT Levels ALL-IN-ONE**. Leverage the power of multiple ICT concepts in one unified indicator to gain deeper market insights and improve your trading performance.
Happy Trading! 📊💹
The Indicator for CRT (2/2) @TorioTrades🚀 Introducing the Ultimate CRT Indicator 🚀
🎯 This indicator is specifically designed for CRT (Candle Range Theory) to provide valuable insights into the daily price range, facilitating more informed intraday trading decisions. 🕵️♂️ It helps traders analyze price action within the context of the day's overall movement, potentially improving their ability to identify optimal entry and exit points. 📊
📝 Before we continue, let's show some love to the creators of this fantastic indicator:
- (x.com)
- (x.com)
- (x.com)
- (x.com)
⚙️ Key Features:
1. Cutoff Time ⏰: To keep charts uncluttered, a Cutoff Time will prevent drawings from extending beyond a specific point. The indicator automatically uses this to avoid messy charts with multiple drawings starting and stopping at various times.
Example ⬇️
(s3.tradingview.com)
2. Customizable Trading Sessions (Killzones) 🕒: The indicator features have four customizable trading sessions, each with adjustable times and labels. Traders can modify these sessions to match their preferred trading style, whether it's a variation on traditional ICT Killzones or entirely different timeframes. The sessions dynamically track high and low prices within their periods, extending pivot points until they're broken.
Example ⬇️
(s3.tradingview.com)
🌟 I'm thrilled by the positive response to this indicator and can't wait to hear your suggestions for improvements and future features. Please share your ideas! 🤩📬
Happy trading! 📈💼
The Indicator for CRT (1/2) @TorioTrades🚀 Introducing the Ultimate CRT Indicator 🚀
🎯 This indicator is specifically designed for CRT (Candle Range Theory) to provide valuable insights into the daily price range, facilitating more informed intraday trading decisions. 🕵️♂️ It helps traders analyze price action within the context of the day's overall movement, potentially improving their ability to identify optimal entry and exit points. 📊
📝 Before we continue, let's show some love to the creators of this fantastic indicator:
- (x.com)
- (x.com)
- (x.com)
- (x.com)
⚙️ Key Features:
1. Cutoff Time ⏰: To keep charts uncluttered, a Cutoff Time will prevent drawings from extending beyond a specific point. The indicator automatically uses this to avoid messy charts with multiple drawings starting and stopping at various times.
Example ⬇️
(s3.tradingview.com)
2. Customizable Trading Sessions (Killzones) 🕒: The indicator features have four customizable trading sessions, each with adjustable times and labels. Traders can modify these sessions to match their preferred trading style, whether it's a variation on traditional ICT Killzones or entirely different timeframes. The sessions dynamically track high and low prices within their periods, extending pivot points until they're broken.
Example ⬇️
(s3.tradingview.com)
🌟 I'm thrilled by the positive response to this indicator and can't wait to hear your suggestions for improvements and future features. Please share your ideas! 🤩📬
Aryanex Gold StrategyThis indicator simulates my strategy that I use to trade gold on the 5-minute frame.
The three lines in blue, orange and red colors are moving averages with strong values that reflect the frames higher than the 5-minute frame, and also filter out the price movement volatility.
The horizontal lines in gold color are an algorithm that will give you the XAUUSD numbers analyzed by Aryanex that are updated week by week or every month on your chart based on the market situation and price movement.
How the strategy works ?
In case of buying, the price must be above all the moving average lines, and when it touches the first numerical analysis upwards, we take a buy deal, and the target is the next number, which is set at 100 points in advance, and the stop loss will be 80 points.
In case of selling, the price must be below all the moving average lines, and when it touches the downside for the first numerical analysis, we take a sell deal, and the target is the next number, which is set at 100 points in advance, and the stop loss will be 80 points.
Finally, my trading method is to enter with double contract in the second deal in case the first deal loses.
Please take into consideration risk management, each according to his capital, and I hope that everyone will take full advantage of this indicator. May you always be winners.
Bitmex_Binance_BTC_tam.ersan//@version=6
indicator("Bitmex_Binance_BTC_tam.ersan", overlay=true)
// Binance ve Bitmex fiyatlarını almak
binance_price = request.security("BINANCE:BTCUSDT.P", "1", close)
bitmex_price = request.security("BITMEX:BTCUSDT.P", "1", close)
// Al ve Sat sinyallerini belirlemek
buy_signal = bitmex_price > binance_price + 80
sell_signal = bitmex_price < binance_price - 80
// Grafik üzerine sinyalleri çizmek
plotshape(series=buy_signal, location=location.belowbar, color=color.green, style=shape.labelup, title="Al Sinyali", text="AL")
plotshape(series=sell_signal, location=location.abovebar, color=color.red, style=shape.labeldown, title="Sat Sinyali", text="SAT")
// Sinyal durumlarını tablolara yazmak
var table tbl = table.new(position.top_right, 2, 2, border_color=color.black, frame_color=color.black, frame_width=1)
if (buy_signal)
table.cell(tbl, 0, 0, text="B Sinyali", bgcolor=color.green)
if (sell_signal)
table.cell(tbl, 0, 1, text="S Sinyali", bgcolor=color.red)
// Sinyal durumlarını görüntülemek
plotchar(series=buy_signal, char="B", location=location.belowbar, color=color.green, title="Al Sinyali")
plotchar(series=sell_signal, char="S", location=location.abovebar, color=color.red, title="Sat Sinyali")
Custom RSI + OBV Scalping Indicator 8080A custom indicator combining RSI (Relative Strength Index) and OBV (On-Balance Volume) can be helpful for scalping by merging momentum and volume signals.
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!
Time Appliconic Macro | ForTF5m (Fixed)The Time Appliconic Macro (TAMcr) is a custom-built trading indicator designed for the 5-minute time frame (TF5m), providing traders with clear Buy and Sell signals based on precise technical conditions and specific time windows.
Key Features:
Dynamic Moving Average (MA):
The indicator utilizes a Simple Moving Average (SMA) to identify price trends.
Adjustable length for user customization.
Custom STARC Bands:
Upper and lower bands are calculated using the SMA and the Average True Range (ATR).
Includes a user-defined multiplier to adjust the band width for flexibility across different market conditions.
RSI Integration:
Signals are filtered using the Relative Strength Index (RSI), ensuring they align with overbought/oversold conditions.
Time-Based Signal Filtering:
Signals are generated only during specific time windows, allowing traders to focus on high-activity periods or times of personal preference.
Supports multiple custom time ranges with automatic adjustments for UTC-4 or UTC-5 offsets.
Clear Signal Visualization:
Buy Signals: Triggered when the price is below the lower band, RSI indicates oversold conditions, and the time is within the defined range.
Sell Signals: Triggered when the price is above the upper band, RSI indicates overbought conditions, and the time is within the defined range.
Signals are marked directly on the chart for easy identification.
Customizability:
Adjustable parameters for the Moving Average length, ATR length, and ATR multiplier.
Time zone selection and defined trading windows provide a tailored experience for global users.
Who is this Indicator For?
This indicator is perfect for intraday traders who operate in the 5-minute time frame and value clear, filtered signals based on price action, volatility, and momentum indicators. The time window functionality is ideal for traders focusing on specific market sessions or personal schedules.
How to Use:
Adjust the MA and ATR parameters to match your trading style or market conditions.
Set the desired time zone and time ranges to align with your preferred trading hours.
Monitor the chart for Buy (green) and Sell (red) signals, and use them as a guide for entering or exiting trades.
Candle ThermalsThis indicator color candles based on their percentage price change, relative to the average, maximum, and minimum changes over the last 100 candles.
-It calculates the percentage change of all candles
-Calculates the minimum, maximum and average in the last 100 bars in percentage change
-Changes color of the candle based on the range between the current percent and min/max value
-The brightest candle provides the highest compound effect to you account if you act on it at the open.
-Candles that have a percentage close to the average then they are barely visible = lowest compound effect to your account
This indicator functions like a "heatmap" for candles, highlighting the relative volatility of price movements in both directions. Strong bullish candles are brighter green, and strong bearish candles are brighter red. It's particularly useful for traders wanting quick visual feedback on price volatility and strength trends within the last 100 bars.
