Inizia

Daytrading

SimpleBiasSimpleBias - Multi-Timeframe Bias Analysis Indicator Overview SimpleBias is a comprehensive multi-timeframe bias analysis indicator designed to help traders make informed trading decisions by displaying market bias across multiple timeframes in a clean, organized table format. Key Features Multi-Timeframe Analysis 8 Timeframes Supported : 1M, 1W, 1D, 4H, 1H, 15m, 5m, 1m Adaptive Display : Shows only relevant timeframes based on current chart timeframe Real-time Bias Detection : Compares current open price with previous period's open price Signal Generation Day Trading Mode : Ideal for 15-minute timeframe analysis Scalping Mode : Optimized for 5-minute timeframe trading Signal OFF : Pure bias analysis without trade signals Customization Options Theme Support : Light mode and dark mode with automatic color adaptation Position Control : Table can be positioned at top-right, middle-right, or bottom-right Size Options : Tiny, small, or normal text size Color Customization : Full control over bias colors, signal colors, and interface elements Transparency : Optional transparent background for cleaner chart appearance How It Works Bias Calculation The indicator determines market bias by comparing the current timeframe's open price with the previous period's open price: BULLISH : Current open > Previous open BEARISH : Current open < Previous open NEUTRAL : Current open = Previous open Adaptive Timeframe Display The indicator intelligently shows only relevant timeframes based on your current chart: On 1M chart: Shows 1M bias only On 1W chart: Shows 1M, 1W bias On 1D chart: Shows 1M, 1W, 1D bias And so on... Signal Logic Day Trading : Compares current price with 4H open price Scalping : Compares current price with 1H open price Usage Instructions Add to Chart : Apply the indicator to any timeframe chart Configure Settings : - Choose table position and text size - Select signal mode (OFF/Day Trade/Scalping) - Customize colors and theme Interpret Results : - Green/Blue text = Bullish bias - Red text = Bearish bias - Gray text = Neutral bias Customization Guide Theme Settings Light Mode : Traditional white background with dark text Dark Mode : Dark background with light text, optimized for dark charts Transparent Background : Clean overlay without background color Color Schemes Bias Colors : Separate customization for bullish, bearish, and neutral bias Signal Colors : Distinct colors for buy, sell, and neutral signals Interface : Control table background and border colors Best Practices For Day Trading Use 15-minute or 1-hour charts Enable "Day Trade" signal mode Focus on 4H and higher timeframe bias alignment For Scalping Use 5-minute charts Enable "Scalping" signal mode Watch for 1H and 4H bias alignment For Swing Trading Use 4H or daily charts Keep signal mode OFF Focus on weekly and monthly bias alignment Important Notes This indicator is for educational and analysis purposes only Not financial advice - always do your own research Past performance does not guarantee future results Risk management is essential in all trading activities Technical Specifications Pine Script Version : v6 Overlay : True (displays on price chart) Performance : Optimized with cached security requests Compatibility : Works on all TradingView timeframes and instruments --- SimpleBias - Indikator Analisis Bias Multi-Timeframe Gambaran Umum SimpleBias adalah indikator analisis bias multi-timeframe yang komprehensif, dirancang untuk membantu trader membuat keputusan trading yang tepat dengan menampilkan bias pasar di berbagai timeframe dalam format tabel yang bersih dan terorganisir. Fitur Utama Analisis Multi-Timeframe 8 Timeframe Didukung : 1M, 1W, 1D, 4H, 1H, 15m, 5m, 1m Tampilan Adaptif : Hanya menampilkan timeframe yang relevan berdasarkan timeframe chart saat ini Deteksi Bias Real-time : Membandingkan harga open saat ini dengan harga open periode sebelumnya Mode Sinyal Trading Mode Day Trading : Ideal untuk analisis timeframe 15 menit Mode Scalping : Dioptimalkan untuk trading timeframe 5 menit Mode OFF : Analisis bias murni tanpa sinyal trading Opsi Kustomisasi Dukungan Theme : Mode terang dan gelap dengan adaptasi warna otomatis Kontrol Posisi : Tabel dapat diposisikan di kanan-atas, kanan-tengah, atau kanan-bawah Opsi Ukuran : Ukuran teks kecil, sedang, atau normal Kustomisasi Warna : Kontrol penuh atas warna bias, warna sinyal, dan elemen interface Transparansi : Background transparan opsional untuk chart yang lebih bersih Cara Kerja Perhitungan Bias Indikator menentukan bias pasar dengan membandingkan harga open timeframe saat ini dengan harga open periode sebelumnya: BULLISH : Open saat ini > Open sebelumnya BEARISH : Open saat ini < Open sebelumnya NEUTRAL : Open saat ini = Open sebelumnya Petunjuk Penggunaan Tambahkan ke Chart : Terapkan indikator ke chart timeframe apapun Konfigurasi Settings : - Pilih posisi tabel dan ukuran teks - Pilih mode sinyal (OFF/Day Trade/Scalping) - Sesuaikan warna dan theme Interpretasi Hasil : - Teks hijau/biru = Bias bullish - Teks merah = Bias bearish - Teks abu-abu = Bias neutral Best Practices Untuk Day Trading Gunakan chart 15 menit atau 1 jam Aktifkan mode sinyal "Day Trade" Fokus pada alignment bias timeframe 4H ke atas Untuk Scalping Gunakan chart 5 menit Aktifkan mode sinyal "Scalping" Perhatikan alignment bias 1H dan 4H Catatan Penting Indikator ini hanya untuk tujuan edukasi dan analisis Bukan nasihat keuangan - selalu lakukan riset sendiri Performa masa lalu tidak menjamin hasil masa depan Manajemen risiko sangat penting dalam semua aktivitas trading SimpleBias membantu trader mempertahankan kesadaran terhadap bias pasar di berbagai timeframe, mendukung timing dan pengambilan keputusan yang lebih baik dalam strategi trading mereka.
Indicatore Pine Script®
di agatarigan
Xcalibur Signals & Alerts [AlgoXcalibur]The advanced signal system forged to empower retail traders with an algorithm edge. 
Xcalibur Signals & Alerts consistently delivers real-time trend signals through a sophisticated, multi-layered algorithm—without clutter or unnecessary complexity. The system combines institutional-grade trend-following logic with breakout detection, flat-market filtration, false signal failsafes, take profit suggestions, live alerts, and more—all in a visually simple, easy-to-use indicator built for all assets, timeframes, and market conditions. 🧠 Algorithm Logic Xcalibur Signals & Alerts operates on a systematic framework that evaluates multiple technical dimensions in harmony—directional alignment, structural dynamics, relative strength, volume bias, momentum confirmation, breakout detection, Fibonacci calculations, and more. Rather than reacting to isolated triggers, it filters every opportunity through a multi-layered confirmation engine. It doesn’t just react to every move—it evaluates them. This cohesive approach ensures that each signal results from aligned conditions—not arbitrary thresholds. By combining structural awareness with adaptive filtering, Xcalibur maintains clarity and consistency across a wide range of market environments—delivering actionable signals without unnecessary noise or lag. ⚙️ User-Adjustbale Features • Sensitivity Modes: Whether you’re a scalper, trend-follower, or swing trader: easily choose from the 5 pre-tuned sensitivity settings based on trading style, market volatility, and desired timeframe. • Extended Trend Pullback Allowance: This filter uses institutional logic to deliberately filter out temporary pullbacks during extended trends to avoid signals against the prevailing market direction. • False Signal Failsafe: Automatically neutralizes the current trend signal based on two selectable logic types: Simple – Instantly deactivates the current trend signal if price breaks below the signal candle’s low (for uptrends) or above its high (for downtrends). Advanced – Requires both a price break and opposing momentum to confirm the invalidation. When triggered, the system plots a white “X”, turns candles gray, deactivates background coloring, sends an alert (if enabled), and enters standby mode until a new valid trend is detected. *This feature does not guarantee break-even outcomes or reduced risk. • Target Projection: Uses institutional logic to predict high-probability reaction zones where a potential reversal or breakout is likely. If the price hits the yellow target line, a yellow caution flag appears as a reminder to be vigilant and evaluate your take-profit strategy in the event of a reversal. • Trailing Stop: User selected percentage-based risk inputs automatically calculates and visually plots a tailored trailing stop / trailing take-profit. • Multi-Timeframe Monitor: Displays a practical table that simultaneously references and displays trend direction across 1m, 2m, 5m, 15m, 1H, 4H, 1D. • Alert System: Mobile and/or desktop alerts for new trend signals, failsafe triggers, and morning greetings with auto re-armed notification. (Limited to 9am -4pm Eastern Time) • Custom Candle color: Choose between two candle color logic - Signal Parameters or Directional Momentum. Signal Parameters - Candle color reflects alignment between the current market conditions and the active trend signal: Green/Red candles signal confirm agreement between trending direction and trend signal logic.
 White candles warn trend is moving against the current signal logic—a potential sign of weakening trend and pending reversal. Directional Momentum - Candle color reflects bullish or bearish momentum: Green/Red candles indicate bullish/bearish momentum. White candles reveal weak momentum or loss of direction—often appearing during stalls, hesitation, or early reversal phases. • SuperCandles: highlights strong momentum using a stunning and easy recognizable glow effect. • Custom Background Color: Displays a subtle background tint based on the most recent trend signal—enhancing situational awareness. Each input setting has a tooltip to explain the features while using the indicator. ⚔️ Not Just Another Signal Tool Xcalibur Signals & Alerts is designed from the ground up to empower retail traders with access to a cohesive, structured algorithmic system—one that reflects the kind of awareness, discipline, and market adaptability typically only seen in institutional algorithms. This is not an oversensitive or under-responsive signal indicator that is limited to one specific type of market condition or trader. It does not utilize hyperactive momentum triggers, rely on lagging crossover logic, or need infinitely adjustable sensitivity settings. Instead of cluttered visuals to interpret, this indicator delivers simple, easy-to-use signals—prioritizing clarity and usability without compromising on depth and sophistication. Whether the market is trending, breaking out, or moving sideways, Xcalibur adapts—prioritizing trend stability, directional integrity, and visual clarity from one signal to the next. ⚠️ Disclaimer While the Xcalibur Signals & Alerts algorithm is immune to human emotion, you are not. Be mindful not to fall victim to costly emotions that can manipulate your judgment, and understand the unpredictable and complex nature of trading. No algorithm, strategy, or technique can perform with perfect accuracy, and Xcalibur Signals & Alerts is no exception. While AlgoXcalibur strives to be as accurate possible, incorrect signals can and will occur. Xcalibur Signals & Alerts is a tool, not a guarantee. Users are fully responsible for making their own trading decisions, implementing proper risk management, and always trade responsibly. 🔥 Wield Xcalibur as a standalone weapon or pair it with your favorite indicators—including other tools in the AlgoXcalibur arsenal. 🛡️ Access & Membership This script is exclusively available on TradingView via the AlgoXcalibur Membership, which includes access to all premium indicators, updates, support, and more. 🔐 To request access or learn more, please visit our website in the Author’s Instructions section or message directly via TradingView.
Indicatore Pine Script®
di AlgoXcalibur
Cumulative Intraday Volume with Long/Short LabelsThis indicator calculates a running total of volume for each trading day, then shows on the price chart when that total crosses levels you choose. Every day at 6:00 PM Eastern Time, the total goes back to zero so it always reflects only the current day’s activity. From that moment on, each time a new candle appears the indicator looks at whether the candle closed higher than it opened or lower. If it closed higher, the candle’s volume is added to the running total; if it closed lower, the same volume amount is subtracted. As a result, the total becomes positive when buyers have dominated so far today and negative when sellers have dominated. Because futures markets close at 6 PM ET, the running total resets exactly then, mirroring the way most intraday traders think in terms of a single session. Throughout the day, you will see this running total move up or down according to whether more volume is happening on green or red candles. Once the total goes above a number you specify (for example, one hundred thousand contracts), the indicator will place a small “Long” label at that candle on the main price chart to let you know buying pressure has reached that level. Similarly, once the total goes below a negative number you choose (for example, minus one hundred thousand), a “Short” label will appear at that candle to signal that selling pressure has reached your chosen threshold. You can set these threshold numbers to whatever makes sense for your trading style or the market you follow. Because raw volume alone never turns negative, this design uses candle direction as a sign. Green candles (where the close is higher than the open) add volume, and red candles (where the close is lower than the open) subtract volume. Summing those signed volume values tells you in a single number whether buying or selling has been stronger so far today. That number resets every evening, so it does not carry over any buying or selling from previous sessions. Once you have this indicator on your chart, you simply watch the “summed volume” line as it moves throughout the day. If it climbs past your long threshold, you know buyers are firmly in control and a long entry might make sense. If it falls past your short threshold, you know sellers are firmly in control and a short entry might make sense. In quieter markets or times of low volume, you might use a smaller threshold so that even modest buying or selling pressure will trigger a label. During very active periods, a larger threshold will prevent too many signals when volume spikes frequently. This approach is straightforward but can be surprisingly powerful. It does not rely on complex formulas or hidden statistical measures. Instead, it simply adds and subtracts daily volume based on candle color, then alerts you when that total reaches levels you care about. Over several years of historical testing, this formula has shown an ability to highlight moments when intraday sentiment shifts decisively from buyers to sellers or vice versa. Because the indicator resets every day at 6 PM, it always reflects only today’s sentiment and remains easy to interpret without carrying over past data. You can use it on any intraday timeframe, but it works especially well on five-minute or fifteen-minute charts for futures contracts. If you want a clear gauge of whether buyers or sellers are dominating in real time, and you prefer a rule-based method rather than a complex model, this indicator gives you exactly that. It shows net buying or selling pressure at a glance, resets each session like most intraday traders do, and marks the moments when that pressure crosses the levels you decide are important. By combining a daily reset with signed volume, you get a single number that tells you precisely what the crowd is doing at any given moment, without any of the guesswork or hidden calculations that more complicated indicators often carry.
Indicatore Pine Script®
di QuantByBoji
Momentum Fusion v1Momentum Fusion v1 Overview Momentum Fusion v1 (MFusion) is a multi-oscillator indicator that combines several components to analyze market momentum and trend strength. It incorporates modified versions of classic indicators such as PVI (Positive Volume Index), NVI (Negative Volume Index), MFI (Money Flow Index), RSI, Stochastic, and Bollinger Bands Oscillator. The indicator displays a histogram that changes color based on momentum strength and includes "FUSION🔥" signal labels when extreme values are reached. Indicator Settings Parameters: EMA Length – Smoothing period for the moving average (default: 255). Smoothing Period – Internal calculation smoothing parameter (default: 15). BB Multiplier – Standard deviation multiplier for Bollinger Bands (default: 2.0). Show verde / marron / media lines – Toggles the display of auxiliary lines. Show FUSION🔥 label – Enables/disables signal labels. Indicator Components 1. PVI (Positive Volume Index) Formula: pvi := volume > volume ? nz(pvi ) + (close - close ) / close * sval : nz(pvi ) Description: PVI increases when volume rises compared to the previous bar and accounts for price percentage change. The stronger the price movement with increasing volume, the higher the PVI value. 2. NVI (Negative Volume Index) Formula: nvi := volume < volume ? nz(nvi ) + (close - close ) / close * sval : nz(nvi ) Description: NVI tracks price movements during declining volume. If the price rises on low volume, it may indicate a "stealth" trend. 3. Money Flow Index (MFI) Formula: 100 - 100 / (1 + up / dn) Description: An oscillator measuring money flow strength. Values above 80 suggest overbought conditions, while values below 20 indicate oversold conditions. 4. Stochastic Oscillator Formula: k = 100 * (close - lowest(low, length)) / (highest(high, length) - lowest(low, length)) Description: A classic stochastic oscillator showing price position relative to the selected period's range. 5. Bollinger Bands Oscillator Formula: (tprice - BB midline) / (upper BB - lower BB) * 100 Description: Indicates the price position relative to Bollinger Bands in percentage terms. Key Lines & Histogram 1. Verde (Green Line) Calculation: verde = marron + oscp (normalized PVI) Interpretation: Higher values indicate stronger bullish momentum. A FUSION🔥 signal appears when the value reaches 750+. 2. Marron (Brown Line) Calculation: marron = (RSI + MFI + Bollinger Osc + Stochastic / 3) / 2 Interpretation: A composite oscillator combining multiple indicators. Higher values suggest overbought conditions. 3. Media (Red Line) Calculation: media = EMA of marron with smoothing period Interpretation: Acts as a signal line for trend confirmation. 4. Histogram Calculation: histo = verde - marron Colors: Bright green (>100) – Strong bullish momentum. Light green (>0) – Moderate bullish momentum. Orange (<0) – Bearish momentum. Red (<-100) – Strong bearish momentum. Signals & Alerts 1. FUSION🔥 (Strong Momentum) Condition: verde >= 750 Visualization: A "FUSION🔥" label appears below the chart. Alert: Can be set to trigger notifications when the condition is met. 2. Background Aura Condition: verde > 850 Visualization: The chart background turns teal, indicating extreme momentum. Usage Recommendations FUSION🔥 Signal – Can be used as a long entry point when confirmed by other indicators. Histogram: 1. Green bars – Potential long entry. 2. Red/orange bars – Potential short entry. 3. Media & Marron Crossover – Can serve as an additional trend filter. 4. Suitable for a 5-15 minute time frame Conclusion Momentum Fusion v1 is a powerful tool for momentum analysis, combining multiple indicators into a unified system. It is suitable for: Trend traders (catching strong movements). Scalpers (identifying short-term impulses). Swing traders (filtering entry points). The indicator features customizable settings and visual signals, making it adaptable to various trading styles.
Indicatore Pine Script®
di Zdorman
MACD + RSI + EMA + BB + ATR Day Trading StrategyEntry Conditions and Signals The strategy implements a multi-layered filtering approach to entry conditions, requiring alignment across technical indicators, timeframes, and market conditions . Long Entry Requirements Trend Filter: Fast EMA (9) must be above Slow EMA (21), price must be above Fast EMA, and higher timeframe must confirm uptrend MACD Signal: MACD line crosses above signal line, indicating increasing bullish momentum RSI Condition: RSI below 70 (not overbought) but above 40 (showing momentum) Volume & Volatility: Current volume exceeds 1.2x 20-period average and ATR shows sufficient market movement Time Filter: Trading occurs during optimal hours (9:30-11:30 AM ET) when market volatility is typically highest Exit Strategies The strategy employs multiple exit mechanisms to adapt to changing market conditions and protect profits : Stop Loss Management Initial Stop: Placed at 2.0x ATR from entry price, adapting to current market volatility Trailing Stop: 1.5x ATR trailing stop that moves up (for longs) or down (for shorts) as price moves favorably Time-Based Exits: All positions closed by end of trading day (4:00 PM ET) to avoid overnight risk Best Practices for Implementation Settings Chart Setup: 5-minute timeframe for execution with 15-minute chart for trend confirmation Session Times: Focus on 9:30-11:30 AM ET trading for highest volatility and opportunity
Strategia Pine Script®
di shui2967
Open-Based Percentage Levelsv2 This is an updated version of my original script. Changes: I took off the displacement levels since there served no purpose on this script. I also fixed it to where the percentage level lines are visible continually throughout the entire trading day. Old version had these lines disappearing. I also updated the name to better reflect its purpose. Now only works on 30 min and below as the higher time frames are meaningless. The older version allow higher time frames and the code is open source to adjust as desired
Indicatore Pine Script®
di parkerberlinger
Open-Based Adjustable LevelsThis indicator gives signals for levels where the buy or sell volume is above adjustable levels (ex, volume at 100,000). And these levels will only signal after the price has gone above/below a certain 'adjustable' percentage of the stocks opening price. Example: Signal sell when the price action is 0.7% above market opening price and when sell volume is above 120,000 or Signal buy when buy volume is above 80,000 and the price is 0.5% below market opening price. Great for day trading and detecting potential swings in the market. Above image is on a 3min chart. Doesn't work as well on daily time frames or above. Should be combined with other indicators like buy/sell channels, for the best confirmations
Indicatore Pine Script®
di parkerberlinger
Multi VWAPsMulti VWAPs Inspired by Biran Shannon and his book: "MAXIMUM TRADING GAINS WITH ANCHORED VWAP . The Perfect Combination of Price, Time & Volume." (ISBN 9798986868004) A comprehensive VWAP (Volume Weighted Average Price) indicator that combines multiple timeframes and sessions in one view. Perfect for day trading and swing trading across different markets. Features: • Multiple VWAP Timeframes: - Daily VWAP - Weekly VWAP - Monthly VWAP - Quarterly VWAP - Yearly VWAP • Session-specific VWAPs: - London Session (3:00 AM - 11:30 AM NY time) - New York Session (9:30 AM - 4:00 PM NY time) • Additional Indicators: - Midnight Price Line (Previous day's closing price) - 5-Day Moving Average - 50-Day Moving Average • Customization Options: - Toggle individual VWAPs and indicators - Customize colors for each component - Adjustable label positioning - MA smoothing settings - Option to show/hide previous day's midnight price • Smart Features: - Auto-adjusting calculations based on timeframe - Clear session boundaries - Optimized for all chart timeframes - Clean label system Perfect for: • Day traders tracking multiple timeframe momentum • Swing traders using longer-term VWAPs • Session traders focusing on London/NY hours • Multi-timeframe analysis • Price action trading with VWAP support/resistance This indicator combines essential trading tools in one clean interface, helping you make informed decisions without cluttering your chart.
Indicatore Pine Script®
di Khalid_Day_Trader
10
Intraday Fibs RetracementFibonacci (Fibs) levels are often used by traders as a way to find support and resistance, based on the Fibonacci sequence. These levels are widely used in technical analysis to identify potential reversal points in the price of an asset. Fibs retracement draws lines at these Fibs level between a significant high and low point on a price chart. What it shows: This indicator will automatically draw Fibs Retracement Levels on your chart without any manual work. It is designed to be used for day trading, especially in scenarios where a ticker gaps up/down large compared to the prior day close. (i.e. scenario where the difference of day's open and prior day close is large) The drawing will happen on each trading day the moment trading hours open, and will NOT draw during pre-market and post-market. User can see the line of each Fibs level, labelled with the Fib percentage and price value for the corresponding levels. User will specify a start and end point of Fibs and based on the choice the indicator will automatically compute the other user defined Fibs levels and display on the chart. How to use it: The Fib levels drawn can be a potential support and resistance zone. Therefore in scenario where you already have a position and are approaching one of these levels it could be a point to close out some or all the position as you are approaching a resistance. On the other hand when price do approach these levels you could enter a position for a reversal trade. These are few ways to use the indicator but there are other ways that can be used, which can be found out by researching "Fibonacci (Fibs) Retracement". In the example on the chart you can see a price bounce from the 0.7886 Fibs level on this particular day, where the price gapped up and was coming down after market hours opened. Key settings: 1. Fibs Retracement Start and end Point: User selects where the Fibs levels should be drawn. Available Options are: Start Points: Market Open Market Open High (Dependent on the time frame you are on) Pre-market High Day's High End Points: Previous Day Close Previous Day Low Previous Day High Pre-market Low (Current Day) Day's Low 2. Custom Fib Levels: User can manually enter the Fib levels they want to see. (Max 9) Default values are: 0,0.236,0.382,0.5,0.618,0.786,1,1.618,2.618. 3. Display settings: User can specify the line colour, thickness and style. 4. Label Setting: User can choose to turn on/off the labels for the each Fibs Level. Label will show the fib percentage and the corresponding price. User can also choose the location of the labels, defined by an offset from the current candle. ---------------------------------------------------------------------- If anything is not clear please let me know!
Indicatore Pine Script®
di Mereep01
SwingTrade VWAP Strategy[TiamatCrypto]V1.1This Pine Script® code creates a trading strategy called "SwingTrade VWAP Strategy V1.1." This strategy incorporates various trading tools, such as VWAP (Volume Weighted Average Price), ADX (Average Directional Index), and volume signals. Below is an explanation of the components and logic within the script: ### Overview of Features - **VWAP:** A volume-weighted moving average that assesses price trends relative to the VWAP level. - **ADX:** A trend strength indicator that helps confirm the strength of bullish or bearish trends. - **Volume Analysis:** Leverages volume data to gauge momentum and identify volume-weighted buy/sell conditions. - **Dynamic Entry/Exit Signals:** Combines the above indicators to produce actionable buy/sell or exit signals. - **Customizable Inputs:** Inputs for tuning parameters like VWAP period, ADX thresholds, and volume sensitivity. --- ### **Code Breakdown** #### **Input Parameters** The script begins by defining several user-configurable variables under groups. These include indicators' on/off switches (`showVWAP`, `enableADX`, `enableVolume`) and input parameters for VWAP, ADX thresholds, and volume sensitivity: - **VWAP Period and Threshold:** Controls sensitivity for VWAP signal generation. - **ADX Settings:** Allows users to configure the ADX period and strength threshold. - **Volume Ratio:** Detects bullish/bearish conditions based on relative volume patterns. --- #### **VWAP Calculation** The script calculates VWAP using the formula: \ Where `P` is the typical price (`(high + low + close)/3`) and `V` is the volume. - It resets cumulative values (`sumPV` and `sumV`) at the start of each day. - Delta percentage (`deltaPercent`) is calculated as the percentage difference between the close price and the VWAP. --- #### **Indicators and Signals** 1. **VWAP Trend Signals:** - Identifies bullish/bearish conditions based on price movement (`aboveVWAP`, `belowVWAP`) and whether the price is crossing the VWAP level (`crossingUp`, `crossingDown`). - Also detects rising/falling delta changes based on the VWAP threshold. 2. **ADX Calculation:** - Calculates the directional movement (`PlusDM`, `MinusDM`) and smoothed values for `PlusDI`, `MinusDI`, and `ADX`. - Confirms strong bullish/bearish trends when ADX crosses the defined threshold. 3. **Volume-Based Signals:** - Evaluates the ratio of bullish volume (when `close > VWAP`) to bearish volume (when `close < VWAP`) over a specified lookback period. --- #### **Trade Signals** The buy and sell signals are determined by combining conditions from the VWAP, ADX, and volume signals: - **Buy Signal:** Triggered when price upward crossover VWAP, delta rises above the threshold, ADX indicates a strong bullish trend, and volume confirms bullish momentum. - **Sell Signal:** Triggered under inverse conditions. - Additionally, exit conditions (`exitLong` and `exitShort`) are based on VWAP crossovers combined with the reversal of delta values. --- #### **Plotting and Display** The strategy plots VWAP on the chart and adds signal markers for: - **Buy/Long Entry:** Green triangle below bars. - **Sell/Short Entry:** Red triangle above bars. - **Exit Signals:** Lime or orange "X" shapes for exits from long/short positions. - Additionally, optional text labels are displayed to indicate the type of signal. --- #### **Trading Logic** The script's trading logic executes as follows: - **Entries:** - Executes long trades when the `buySignal` condition is true. - Executes short trades when the `sellSignal` condition is true. - **Exits:** - Closes long positions upon `exitLong` conditions. - Closes short positions upon `exitShort` conditions. - The strategy calculates profits and visualizes the trade entry, exit, and running profit within the chart. --- #### **Alerts** Alerts are set up to notify traders via custom signals for buy and sell trades. --- ### **Use Case** This script is suitable for day traders, swing traders, or algorithmic traders who rely on confluence signals from VWAP, ADX, and volume momentum. Its modular structure (e.g., the ability to enable/disable specific indicators) makes it highly customizable for various trading styles and financial instruments. #### **Customizability** - Adjust VWAP, ADX, and volume sensitivity levels to fit unique market conditions or asset classes. - Turn off specific criteria to focus only on VWAP or ADX signals if desired. #### **Caution** As with all trading strategies, this script should be used for backtesting and analysis before live implementation. It's essential to validate its performance on historical data while considering factors like slippage and transaction costs.
Strategia Pine Script®
di TiamatCrypto
AL Brooks - Price Action Multi-Signal Suite📘 Price Action Multi-Signal Suite📘 This indicator is a complete visual toolset for traders who use price action principles inspired by Al Brooks-style analysis. It combines multiple nuanced signals — like first/second entries, breakout failures, trend bias, higher-timeframe context, and dynamic trend channels — into one elegant, customizable interface. It is built with clarity, flexibility, and actionable precision in mind. 🧠 Core Concepts Behind the Tool 1. Trend Bias with EMA (20 by default) The indicator calculates a standard EMA (default: 20) to establish trend direction bias. When price is above EMA, we consider the market to be in a bull trend, and vice versa. The EMA line changes color dynamically — green (bull), red (bear), gray (neutral). 🟢 Example: If price is forming higher highs and staying above EMA with strong bull bars, the bias is bullish. In this phase, you're looking for High 1 and High 2 (H1/H2) setups. 2. First and Second Entries (H1/H2 and L1/L2) High 1 (H1): First pullback in a bull trend after a minor new high. High 2 (H2): A second attempt to push up after a failed H1. Low 1 (L1) and Low 2 (L2): Mirror the above logic for bear trends. 📈 Example Trade – H2 Long: Price breaks out above EMA. Pulls back and forms an H1, but it fails to break out. Second push (H2) forms a higher low, then closes strong above previous bar → BUY entry. 📉 Example Trade – L2 Short: Market is below EMA. A rally creates L1, fails. L2 forms and closes below the previous bar low with a bear body → SELL entry. 3. Second Entry Logic (Simplified Swing Count) This adds context to H2/L2 by ensuring at least two swings occurred in the same direction. Reduces false signals in choppy markets. Painted as colored circles (aqua = long, fuchsia = short). 4. Breakout Failure Detection Detects false breakouts using 10-bar highs/lows: Failed High Breakout: Price breaks a 10-bar high but closes back inside → potential reversal short. Failed Low Breakout: Price breaks a 10-bar low but closes back inside → potential long. 🚨 Example: Price breaks above a recent high but closes below it with a strong bear bar → look for reversal or fade setups. 5. Inside / Outside Bars Helps recognize compression (inside bars) or volatility expansions (outside bars). Inside bars often precede breakouts. Outside bars may signal traps or indecision. Use these in combination with entry logic. An H2 after an inside bar can signal a strong, clean breakout. 6. Higher Timeframe (HTF) Context Pulls EMA and trend bias from a higher timeframe (default: 1hr). Background color indicates HTF bias (adjustable opacity). Green = HTF uptrend. Red = HTF downtrend. 🧭 Usage: Trade in the direction of the HTF bias when possible. An H2 with HTF bias bullish adds confluence. 7. Trend Channels (Automatic, Visual) Dynamically draws trend channel lines based on pivot highs/lows. These act as support/resistance, visual guides for traps or continuation. Trendline breakouts or touches often align with H2/L2 setups. 📏 Example: Price touches lower channel and forms a second entry long (L2) with a strong bull bar → high-quality reversal trade. ⚙️ Customization Options Toggle each signal component (entries, bias, bars, failures, channels). Adjust EMA length, HTF resolution, background opacity. Keep your chart clean and focused on the signals that matter to you. 📊 Trade Example Summary H2 with HTF Bullish Trade Setup: Strong bull bar after a failed H1, above EMA Expected Move: Trend continuation upward L2 with Channel Hit Trade Setup: Pullback hits lower trend channel, forms L2 Expected Move: Reversal or scalp down Failed High Breakout Trade Setup: Price breaks above a 10-bar high, but reverses and closes inside Expected Move: Quick fade or reversal short Inside Bar + H2 Trade Setup: Price compresses into an inside bar, followed by a breakout with H2 Expected Move: Momentum breakout trade Outside Bar + L2 Trade Setup: Price breaks strongly in one direction (outside bar), second push fails upward, forms L2 Expected Move: Short on weakness Please note, this is an educational idea and representation of whatever I understood of it. Historical performances may not be replicable in present/future. Trade at your own responsibility. Regards! ^^
Indicatore Pine Script®
di Pratik_4Clover
5
Candlestick Pattern Indicator – Doji, Harami, More [algo_aakash]This Candlestick Pattern Indicator is designed to help traders identify key price action patterns like Bullish Engulfing, Bearish Engulfing, Doji, Hammer, Morning Star, Evening Star, and many more directly on your TradingView chart. With customizable options to display both bullish and bearish patterns , this indicator provides real-time visual markers and labels, helping you make informed trading decisions. Key features of the indicator include: Detects popular candlestick patterns such as Bullish Engulfing, Bearish Engulfing, Hammer, Morning Star, Tweezer Tops, and more. Customizable settings for displaying pattern shapes, labels, and opacity, tailored to your trading preferences. Option to plot signals only after a candle closes, ensuring accuracy. Alerts for immediate notification of detected patterns. Visual markers on the chart, including arrows and labels, for quick recognition of potential trade setups. This indicator is ideal for traders who rely on candlestick patterns for technical analysis and want an automated tool to highlight these setups for easier decision-making. Whether you're a beginner or an experienced trader, this tool will help you spot important patterns in real-time without cluttering your chart.
Indicatore Pine Script®
di algo_aakash
Intraday LevelsWhat it shows: This indicator is useful for day trading, where it will track and display you important price levels which includes: Premarket Low (PML) Premarket High (PMH) Previous Day Low (PDL) Previous Day High (PDH) Previous Day Close (PDC) After Hours Low (AHL) After Hours High (AHH) Day Low (DL) Day High (DH) The price level lines and labels will automatically adjust itself as the price moves, eliminating the need of manually having to adjusting these levels. How to use it: At these levels it can act as important support resistance points during the day and can often serve as a important pivot point for any ticker. You can expect price rejection or bounce when the price approaches these levels. Key settings: For each of the levels, user can adjust in the settings menu: Line Colour Line Thickness Line Style Label Text Price Labelling on Label Label Location (Offset from current bar) Ability to turn on/off the price level and label Display levels for either all days or on the day
Indicatore Pine Script®
di Mereep01
5
Hourly Volatility Explorer📊 Hourly Volatility Explorer: Master The Market's Pulse Unlock the hidden rhythms of price action with this sophisticated volatility analysis tool. The Hourly Volatility Explorer reveals the most potent trading hours across multiple time zones, giving you a strategic edge in timing your trades. 🌟 Key Features: ⏰ Multi-Timezone Analysis • GMT (UTC+0) • EST (UTC-5) - New York • BST (UTC+1) - London • JST (UTC+9) - Tokyo • AEST (UTC+10) - Sydney Perfect for tracking major market sessions and their overlaps! 📈 Dynamic Visualization • Color-gradient hourly bars for instant pattern recognition • Real-time volatility comparison • Interactive data table with comprehensive statistics • Automatic highlighting of peak volatility periods 🎯 Strategic Applications: Day Trading: • Identify optimal trading windows • Avoid low-liquidity periods • Capitalize on session overlaps • Fine-tune entry/exit timing Risk Management: • Set appropriate stop losses based on hourly volatility • Adjust position sizes for different market hours • Optimize risk-reward ratios • Plan around high-impact hours Global Market Analysis: • Track volatility across all major sessions • Spot institutional trading patterns • Identify quiet vs. active periods • Monitor 24/7 market dynamics 💡 Perfect For: • Forex traders navigating global sessions • Crypto traders in 24/7 markets • Day traders optimizing execution times • Algorithmic traders fine-tuning strategies • Risk managers calibrating exposure 📊 Advanced Features: • Rolling 3-month analysis for reliable patterns • Precise pip movement calculations • Sample size tracking for statistical validity • Real-time current hour comparison • Color-coded visual system for instant insights ⚡ Pro Trading Tips: • Use during major session overlaps for maximum opportunity • Compare patterns across different instruments • Combine with volume analysis for deeper insights • Track seasonal variations in hourly patterns • Build trading schedules around peak hours 🎓 Educational Value: • Understand market microstructure • Learn global market dynamics • Master timezone relationships • Develop timing intuition 🛠️ Customization: • Adjustable lookback period • Flexible pip multiplier • Multiple timezone options • Visual preference settings Whether you're scalping the 1-minute chart or managing longer-term positions, the Hourly Volatility Explorer provides the precise timing intelligence needed for today's global markets. Transform your trading schedule from guesswork to science. Know exactly when markets move, why they move, and how to position yourself for maximum opportunity. #TechnicalAnalysis #Trading #Volatility #MarketTiming #DayTrading #Forex #Crypto #TradingView #PineScript #MarketAnalysis #TradingStrategy #RiskManagement #GlobalMarkets #FinancialMarkets #TradingTools #MarketStructure #PriceAction #Scalping #SwingTrading #AlgoTrading
Indicatore Pine Script®
di sebamarghella
1
Daily Movement AnalysisDaily Volatility Explorer: 7-Day Market Pulse Indicator Unlock the hidden rhythms of market movements with this powerful analytical tool designed for both traditional and crypto traders. This indicator meticulously tracks and analyzes price volatility patterns across all seven days of the week, giving you a strategic edge in planning your trades. 🎯 Key Features: • Dynamic 3-month rolling analysis of daily price movements • Real-time volatility comparison across all trading days • Clear visual representation through color-coded bar charts • Detailed statistical table with exact pip movements • Sample size tracking for statistical reliability • Works seamlessly on both traditional and crypto markets 💡 Why Traders Need This: 1. Optimal Trade Timing - Identify the most volatile trading days for maximum opportunity - Discover the quietest days to avoid choppy markets - Perfect for swing traders and day traders alike 2. Risk Management Enhancement - Set smarter stop-losses based on typical daily ranges - Adjust position sizes according to daily volatility patterns - Avoid overtrading during historically low-volatility periods 3. Strategic Planning - Plan your trading week around peak volatility days - Optimize entry and exit points based on historical movements - Better time management by focusing on the most active days 4. Market Psychology Insights - Understand weekly market rhythm and institutional patterns - Identify how weekend gaps affect crypto markets - Spot changes in market behavior across different days 🔍 Perfect For: • Forex traders tracking major currency pairs • Crypto traders navigating 24/7 markets • Gold and commodity traders • Day traders optimizing their trading schedule • Swing traders planning optimal entry/exit days 📊 Data-Driven Decisions: The indicator maintains a rolling 3-month window of data, providing fresh, relevant insights while filtering out outdated patterns. Each day's analysis is based on actual market movements, giving you reliable, actionable intelligence for your trading decisions. ⚡ Pro Tip: Use this indicator alongside your existing strategy to enhance your trading plan and improve your timing. The color-coded visual system makes it easy to spot patterns at a glance, while the detailed statistics table provides the hard numbers you need for precise planning. Remember: Markets evolve, and this indicator helps you stay on top of changing patterns in real-time. Whether you're trading traditional markets or crypto, understanding daily volatility patterns is crucial for consistent trading success.
Indicatore Pine Script®
di sebamarghella
Orion Daily Bias v1What It Does The Daily Bias Indicator identifies the daily market bias (bullish or bearish) using principles inspired by institutional trading activity. It analyses daily price action to detect imbalances caused by large market participants, providing a clear directional bias for the upcoming trading day. Key Features Daily Bias Signals: Displays "Daily Bias: Bullish" (green) or "Daily Bias: Bearish" (red) in the top-right corner of your chart. Colors daily candles to reflect the current bias (toggle on/off). Non-Repainting: Signals finalize only at market close and never change retroactively. Intraday Flexibility: Use the daily bias to align intraday strategies (e.g., 15-minute entries) with the broader trend. Custom Alerts: Receive alerts only when the bias changes (e.g., bullish to bearish). Alerts trigger at market close, preparing you for the next trading day. How It Works Market Close Analysis: At the end of each trading day, the indicator evaluates price action and institutional-level inefficiencies to determine the next day’s bias. Visual Guidance: Daily candles are coloured green (bullish) or red (bearish) to reflect the confirmed bias. A label in the top-right corner updates automatically across all timeframes. Actionable Alerts: Set alerts to notify you only when the bias shifts, helping you stay focused on high-probability setups. Why Traders Use It Simplify Decision-Making: Start each day with a clear bias, avoiding trades against institutional momentum. Adaptable to Strategies: Works with scalping, swing trading, or position building. Rule-Based Signals: Objective criteria finalize at market close. Settings & Parameters Candle Colouring: Enable/disable daily candle highlights. Daily bias label: Turn the daily bias label on and off Alerts: Setting an alert with this indicator will only alert you if a bias changes from bullish to bearish or vice versa. How to Use It Add the indicator to your chart (works on any timeframe). Check the top-right label for the daily bias. Set alerts to track bias changes effortlessly. Combine with your preferred intraday strategy for entries/exits. Important Notes No Repainting: Signals lock in at daily close and never change. Confirmation Tool: Pair with additional analysis (e.g., support/resistance, volume). Time Agnostic: The daily bias applies to all intraday timeframes (1H, 15M, etc.). Disclaimer This tool is for educational purposes only. It is not financial advice, and past performance does not guarantee future results. Always test strategies in a risk-controlled environment.
Indicatore Pine Script®
di PipSurfingSociety
Destroyer LifeDestroyer Life Strategy - High-Frequency Long & Short Trading Overview: The Destroyer Life strategy is an advanced cryptocurrency trading algorithm designed for high-frequency execution on the 15-second timeframe. It combines CRT (Candle Range Trend) and Turtle Soup trading logic with multi-timeframe analysis to optimize entries and exits for both long and short trades. This strategy is specifically optimized for high-volatility crypto pairs, such as SOL/USD on MEXC, ensuring precise execution with minimal drawdown. Key Features: 15-Second Timeframe Execution: Optimized for ultra-short-term trading. Long & Short Strategy: Simultaneously identifies profitable buy and sell opportunities. CRT & Turtle Soup Logic: Leverages price action patterns for enhanced trade accuracy. Higher Timeframe Analysis (HTF): Incorporates liquidity zones, fair value gaps (FVG), and breaker blocks for context-aware trading. Dynamic Position Sizing: Uses an adjustable leverage multiplier for risk-controlled trade sizing. Commission Optimization: Ensures profitability even with trading fees. Strict Risk Management: Implements exit conditions based on liquidity structure and trend reversals. Strategy Performance (Backtested on SOL/USD - MEXC): Overall Profitability: ~80% win rate in backtesting. Net Profit: $3,151.12 (6.30% ROI). Gross Profit: $3,795.68 (7.59%). Gross Loss: $644.56 (1.29%). Long Trades Profit: $1,459.05 (2.92%). Short Trades Profit: $1,692.07 (3.38%). Commission Paid: $924.82. Minimum Trade Holding Period: 1-minute cooldown between trades. Trading Logic: Entry Conditions: Long Trades: Triggered when the price enters a liquidity void and aligns with higher timeframe bullish bias. Short Trades: Triggered when price approaches a resistance level with bearish higher timeframe confluence. CRT & Turtle Soup Patterns: Identifies reversals by analyzing breakout and fake-out structures. Exit Conditions: Long Positions Close: Upon price exceeding a 3.88% profit threshold or reversing below an HTF structure. Short Positions Close: Upon reaching a similar 3.88% threshold or showing strong bullish signals. Dynamic Position Sizing: Uses a leverage-based calculation that adapts trade size based on volatility. Liquidity Awareness: Tracks Mitigation Blocks (MB), Fair Value Gaps (FVG), Buy/Sell-Side Liquidity (BSL/SSL) to determine optimal execution. Best Use Cases: Scalpers & High-Frequency Traders: Those looking for rapid trade execution with short holding periods. Crypto Traders Focused on Low Timeframes: Optimized for 15-second price action. Traders Utilizing Liquidity Concepts: Built to exploit liquidity traps and inefficiencies. Risks & Considerations: High-Frequency Execution Requires Low Latency: Ensure your broker or exchange supports fast order execution. Backtested Results May Vary: Real-time performance depends on market conditions. Commission & Fees Impact Profits: Consider exchanges with low fees to maximize strategy efficiency. Final Thoughts: The Destroyer Life Strategy is designed for serious traders looking to take advantage of high-volatility markets with a structured, liquidity-based approach. By combining price action, liquidity concepts, and adaptive risk management, it provides a solid framework for executing high-probability trades on crypto markets. 🚀 Ready to take your trading to the next level? Try Destroyer Life today and dominate the markets!
Strategia Pine Script®
di jdestroyerlife
6
Ultimator's bottom finder 2.0This indicator is intended to find local bottoms on certain stocks like GME and SPY. It is only designed to be effective on a few select stocks and will be useless on others. The bottom finder attempts to find bottoms by using a unique algorithm I developed, which creates a baseline for what the stock "should" look like vs. what it actually looks like. Since the algorithm was created to mimic GME price action, it will not work as intended on stocks that trade vastly differently. On stocks other than GME (and SPY) you need to test it for yourself to see if it has any functionality. Large deviations in the actual price vs baseline price create a spike on the indicator with the magnitude of the spike being the guesstimated deviation. This is intended to show options and swap hedging, which coincidentally tend to coincide with local bottoms on the chart. The indicator creates a highlight when it believes it has found a local bottom. It also changes the color of the line based on the magnitude of the spike. I added a second line, which performs a similar mechanic, so there are two separate baselines running concurrently. The deviation between the two is shown as a shaded area between the lines. The indicator doesn't (yet) include after hours functionality, and simply zeroes out at close and before open. Because of this, only short timeframes and long timeframes result in any meaningful data. Optimized for 1 min and 1 day timeframes. Alerts are set for when the line turns red and when the indicator highlights. These can be toggled in the alerts menu.
Indicatore Pine Script®
di TheUltimator5
21
Ultimate Stochastics Strategy by NHBprod Use to Day Trade BTCHey All! Here's a new script I worked on that's super simple but at the same time useful. Check out the backtest results. The backtest results include slippage and fees/commission, and is still quite profitable. Obviously the profitability magnitude depends on how much capital you begin with, and how much the user utilizes per order, but in any event it seems to be profitable according to backtests. This is different because it allows you full functionality over the stochastics calculations which is designed for random datasets. This script allows you to: Designate ANY period of time to analyze and study Choose between Long trading, short trading, and Long & Short trading It allows you to enter trades based on the stochastics calculations It allows you to EXIT trades using the stochastics calculations or take profit, or stop loss, Or any combination of those, which is nice because then the user can see how one variable effects the overall performance. As for the actual stochastics formula, you get control, and get to SEE the plot lines for slow K, slow D, and fast K, which is usually not considered. You also get the chance to modify the smoothing method, which has not been done with regular stochastics indicators. You get to choose the standard simple moving average (SMA) method, but I also allow you to choose other MA's such as the HMA and WMA. Lastly, the user gets the option of using a custom trade extender, which essentially allows a buy or sell signal to exist for X amount of candles after the initial signal. For example, you can use "max bars since signal" to 1, and this will allow the indicator to produce an extra sequential buy signal when a buy signal is generated. This can be useful because it is possible that you use a small take profit (TP) and quickly exit a profitable trade. With the max bars since signal variable, you're able to reenter on the next candle and allow for another opportunity. Let me know if you have any questions! Please take a look at the performance report and let me know your thoughts! :)
Strategia Pine Script®
di nhbprod
Overnight vs Intra-day Performance█ STRATEGY OVERVIEW The "Overnight vs Intra-day Performance" indicator quantifies price behaviour differences between trading hours and overnight periods. It calculates cumulative returns, compound growth rates, and visualizes performance components across user-defined time windows. Designed for analytical use, it helps identify whether returns are primarily generated during market hours or overnight sessions. █ USAGE Use this indicator on Stocks and ETFs to visualise and compare intra-day vs overnight performance █ KEY FEATURES Return Segmentation : Separates total returns into overnight (close-to-open) and intraday (open-to-close) components Growth Tracking : Shows simple cumulative returns and compound annual growth rates (CAGR) █ VISUALIZATION SYSTEM 1. Time-Series Overnight Returns (Red) Intraday Returns (Blue) Total Returns (White) 2. Summary Table Displays CAGR 3. Price Chart Labels Floating annotations showing absolute returns and CAGR Color-coded to match plot series █ PURPOSE Quantify market behaviour disparities between active trading sessions and overnight positioning Provide institutional-grade attribution analysis for returns generation Enable tactical adjustment of trading schedules based on historical performance patterns Serve as foundational research for session-specific trading strategies █ IDEAL USERS 1. Portfolio Managers Analyse overnight risk exposure across holdings Optimize execution timing based on return distributions 2. Quantitative Researchers Study market microstructure through time-segmented returns Develop alpha models leveraging session-specific anomalies 3. Market Microstructure Analysts Identify liquidity patterns in overnight vs daytime sessions Research ETF premium/discount mechanics 4. Day Traders Align trading hours with highest probability return windows Avoid overnight gaps through informed position sizing
Indicatore Pine Script®
di Botnet101
Buy on 5 day low Strategy█ STRATEGY DESCRIPTION The "Buy on 5 Day Low Strategy" is a mean-reversion strategy designed to identify potential buying opportunities when the price drops below the lowest low of the previous five days. It enters a long position when specific conditions are met and exits when the price exceeds the high of the previous day. This strategy is optimized for use on daily or higher timeframes. █ WHAT IS THE 5-DAY LOW? The 5-Day Low is the lowest price observed over the last five days. This level is used as a reference to identify potential oversold conditions and reversal points. █ SIGNAL GENERATION 1. LONG ENTRY A Buy Signal is triggered when: The close price is below the lowest low of the previous five days (`close < _lowest `). The signal occurs within the specified time window (between `Start Time` and `End Time`). 2. EXIT CONDITION A Sell Signal is generated when the current closing price exceeds the high of the previous day (`close > high `). This indicates that the price has shown strength, potentially confirming the reversal and prompting the strategy to exit the position. █ ADDITIONAL SETTINGS Start Time and End Time: The time window during which the strategy is allowed to execute trades. █ PERFORMANCE OVERVIEW This strategy is designed for mean-reverting markets and performs best when the price frequently oscillates around key support levels. It is sensitive to oversold conditions, as indicated by the 5-Day Low, and overbought conditions, as indicated by the previous day's high. Backtesting results should be analyzed to optimize the strategy for specific instruments and market conditions.
Strategia Pine Script®
di Botnet101
3-Bar Low Strategy█ STRATEGY DESCRIPTION The "3-Bar Low Strategy" is a mean-reversion strategy designed to identify potential buying opportunities when the price drops below the lowest low of the previous three bars. It enters a long position when specific conditions are met and exits when the price exceeds the highest high of the previous seven bars. This strategy is suitable for use on various timeframes. █ WHAT IS THE 3-BAR LOW? The 3-Bar Low is the lowest price observed over the last three bars. This level is used as a reference to identify potential oversold conditions and reversal points. █ WHAT IS THE 7-BAR HIGH? The 7-Bar High is the highest price observed over the last seven bars. This level is used as a reference to identify potential overbought conditions and exit points. █ SIGNAL GENERATION 1. LONG ENTRY A Buy Signal is triggered when: The close price is below the lowest low of the previous three bars (`close < _lowest `). The signal occurs within the specified time window (between `Start Time` and `End Time`). If the EMA Filter is enabled, the close price must also be above the 200-period Exponential Moving Average (EMA). 2. EXIT CONDITION A Sell Signal is generated when the current closing price exceeds the highest high of the previous seven bars (`close > _highest `). This indicates that the price has shown strength, potentially confirming the reversal and prompting the strategy to exit the position. █ ADDITIONAL SETTINGS MA Period: The lookback period for the 200-period EMA used in the EMA Filter. Default is 200. Use EMA Filter: Enables or disables the EMA Filter for long entries. Default is disabled. Start Time and End Time: The time window during which the strategy is allowed to execute trades. █ PERFORMANCE OVERVIEW This strategy is designed for mean-reverting markets and performs best when the price frequently oscillates around key support and resistance levels. It is sensitive to oversold conditions, as indicated by the 3-Bar Low, and overbought conditions, as indicated by the 7-Bar High. Backtesting results should be analyzed to optimize the MA Period and EMA Filter settings for specific instruments.
Strategia Pine Script®
di Botnet101