EMA Zones With Buy/Sell SignalsThis EMA Zones With Buy/Sell Signals indicator provides a way to visualize and trade based on exponential moving averages (EMAs) with buy and sell signals. Here's what it does:
Conditions to Trade:
Not all Buy/Sell signals are valid and can be traded.
Here are the conditions to take the Buy or Sell trade.
For Sell trade :
* The filled zone should be in red color.
* The filled zone is declining.
* The filled zone should not be too broad.
* The Sell signal is shown.
* The next candle has taken off the low of the Sell signal candle.
For Buy trade :
* The filled zone should be in green color.
* The filled zone is moving to up side.
* The filled zone should not be too broad.
* The Buy signal is shown.
* The next candle has taken off the high of the Buy signal candle.
Pro Tip:
Avoid trade if the zone is changing color very frequently. like 1-2 candles green, then 1-2 candles white (neutral), then 1-2 candles green. That means, there is the lack in momentum.
Core Concept:
The indicator uses multiple EMAs to define different "zones" on the price chart and provides buy and sell signals based on the relationship between the price and these EMAs. It includes:
Fast and Slow EMAs to determine trend direction.
Color Zones to represent the market's condition (bullish or bearish).
Buy and Sell Signals based on specific candle patterns and the relative positions of the price
and EMAs.
Key Features:
Multiple EMAs:
Main EMAs: A fast and slow EMA are plotted by default, representing the primary trend indicators.
Other EMAs: The script includes additional EMAs (e.g., 10, 20, 50, 100, etc.) to provide further trend information, helping users make more informed decisions.
These EMAs are plotted with different colors and line styles.
Zone Coloring:
Green Zone: When the price is above both EMAs (and the fast EMA is above the slow EMA), the zone is highlighted in green. This indicates a bullish market condition.
Red Zone: When the price is below both EMAs (and the fast EMA is below the slow EMA), the zone is highlighted in red. This indicates a bearish market condition.
Neutral Zone: A neutral zone is shown when there is no clear bullish or bearish condition, with a semi-transparent color fill between the EMAs.
Buy and Sell Conditions:
Sell Condition: A sell signal is generated when:
The price is in the red zone (below both EMAs).
The candle's high is within or above the red zone and closes below the fast EMA.
The candle is bearish (closing lower than the open), or it has a long wick above.
Buy Condition: A buy signal is generated when:
The price is in the green zone (above both EMAs).
The candle's low is within or below the green zone and closes above the fast EMA.
The candle is bullish (closing higher than the open), or it has a long wick below.
These conditions are combined to create the final buy and sell signals, with specific patterns of candle behavior used to confirm trends and reversals.
Plotting Buy/Sell Signals:
Sell Signal: A "SELL" label is plotted above the bar when a sell condition is met.
Buy Signal: A "BUY" label is plotted below the bar when a buy condition is met.
Alerts are also set up to notify the trader when buy or sell conditions occur.
How It Helps Traders:
Trend Identification: The EMA zone coloring helps traders quickly identify whether the market is in a bullish (green zone) or bearish (red zone) state.
Signal Confirmation: The buy and sell signals give traders entry and exit points based on price action and EMA crossovers, which can be used in conjunction with other strategies.
Multiple Timeframes: By using different EMAs (e.g., short-term and long-term), the indicator provides insight into the market from both a short-term and long-term perspective.
Conclusion:
This indicator is designed to assist traders in making decisions based on EMAs, price action, and zone conditions. It highlights areas of potential interest (green/red zones) and provides actionable buy and sell signals when certain price patterns occur within those zones. It can be particularly useful for trend-following strategies or traders looking for potential reversals or breakouts.
Medie mobili
9/20 EMA with FVG- Lakshmi SetupStrategy Description: 9 EMA and 20 EMA Crossover with FVG for Target Setting
Overview
This strategy uses the crossover of the 9 EMA and 20 EMA on the current chart's time frame (preferably 5 minutes) to identify potential trade entries. The system integrates Fair Value Gaps (FVG) on a higher time frame (1 hour) to help set realistic targets.
Entry Criteria
Long Entry:
Condition: The 9 EMA crosses and closes above the 20 EMA.
Confirmation: A candle must close above the 9 EMA after the crossover.
Signal: Once confirmed, the system plots a Long Signal on the chart.
Short Entry:
Condition: The 9 EMA crosses and closes below the 20 EMA.
Confirmation: A candle must close below the 9 EMA after the crossover.
Signal: Once confirmed, the system plots a Short Signal on the chart.
Risk Management
Stop-Loss (SL):
Suggested SL is set at the low (for long trades) or the high (for short trades) of the previous two candles at the time of entry.
Trail the stop-loss as the trade progresses to lock in profits.
Take Profit (TP):
The system uses FVG (Fair Value Gaps) plotted on a 1-hour time frame to estimate the potential target.
Traders are encouraged to hold positions until the target FVG is reached, or adjust their TP based on personal risk-reward preferences.
Additional Features
The system dynamically plots the 9 EMA and 20 EMA on the chart.
FVG zones are marked on the chart, aiding in target visualization.
Signals for long and short entries are visually displayed to simplify trade decisions.
This strategy is designed for traders who prefer systematic, rule-based entries and exits while incorporating advanced concepts like FVG for target estimation.
FON60DK by leventsahThe strategy generates buy and sell signals using the Tillson T3 and TOTT (Twin Optimized Trend Tracker) indicators. Additionally, the Williams %R indicator is used to filter the signals. Below is an explanation of the main components of the code:
1. Input Parameters:
Tillson T3 and TOTT parameters: Separate parameters are defined for both buy (AL) and sell (SAT) conditions. These parameters control the sensitivity and behavior of the indicators.
Williams %R period: The period for the Williams %R indicator is set to determine overbought and oversold levels.
2. Tillson T3 Calculation:
The Tillson T3 indicator is a smoothed moving average that uses an exponential moving average (EMA) with additional smoothing. The formula calculates a weighted average of multiple EMAs to produce a smoother line.
The t3 function computes the Tillson T3 value based on the close price and the input parameters.
3. TOTT Calculation (Twin Optimized Trend Tracker):
The TOTT indicator is a trend-following tool that adjusts its sensitivity based on market conditions. It uses a combination of price action and a volatility coefficient to determine trend direction.
The Var_Func function calculates the TOTT value, which is then used to derive the OTT (Optimized Trend Tracker) levels for both buy and sell conditions.
4. Williams %R Calculation:
Williams %R is a momentum oscillator that measures overbought and oversold levels. It is calculated using the highest high and lowest low over a specified period.
5. Buy and Sell Conditions:
Buy Condition: A buy signal is generated when the Tillson T3 value crosses above the TOTT upper band (OTTup) and the Williams %R is above -20 (indicating an oversold condition).
Sell Condition: A sell signal is generated when the Tillson T3 value crosses below the TOTT lower band (OTTdnS) and the Williams %R is above -70 (used to close long positions).
6. Strategy Execution:
The strategy.entry function is used to open a long position when the buy condition is met.
The strategy.close function is used to close the long position when the sell condition is met.
7. Visualization:
The bars on the chart are colored green when a long position is open.
The Tillson T3, TOTT upper band (OTTup), and TOTT lower band (OTTdn) are plotted on the chart for both buy and sell conditions.
8. Plots:
The Tillson T3 values for buy and sell conditions are plotted in blue.
The TOTT upper and lower bands are plotted in green and red, respectively, for both buy and sell conditions.
Summary:
This strategy combines trend-following indicators (Tillson T3 and TOTT) with a momentum oscillator (Williams %R) to generate buy and sell signals. The use of separate parameters for buy and sell conditions allows for fine-tuning the strategy based on market behavior. The visual elements, such as colored bars and plotted indicators, help traders quickly identify signals and trends on the chart.
6 Band Parametric EQThis indicator implements a complete parametric equalizer on any data source using high-pass and low-pass filters, high and low shelving filters, and six fully configurable bell filters. Each filter stage features standard audio DSP controls including frequency, Q factor, and gain where applicable. While parametric EQ is typically used for audio processing, this implementation raises questions about the nature of filtering in technical analysis. Why stop at simple moving averages when you can shape your signal's frequency response with surgical precision? The answer may reveal more about our assumptions than our indicators.
Filter Types and Parameters
High-Pass Filter:
A high-pass filter attenuates frequency components below its cutoff frequency while passing higher frequencies. The Q parameter controls resonance at the cutoff point, with higher values creating more pronounced peaks.
Low-Pass Filter:
The low-pass filter does the opposite - it attenuates frequencies above the cutoff while passing lower frequencies. Like the high-pass, its Q parameter affects the resonance at the cutoff frequency.
High/Low Shelf Filters:
Shelf filters boost or cut all frequencies above (high shelf) or below (low shelf) the target frequency. The slope parameter determines the steepness of the transition around the target frequency , with a value of 1.0 creating a gentle slope and lower values making the transition more abrupt. The gain parameter sets the amount of boost or cut in decibels.
Bell Filters:
Bell (or peaking) filters create a boost or cut centered around a specific frequency. A bell filter's frequency parameter determines the center point of the effect, while Q controls the width of the affected frequency range - higher Q values create a narrower bandwidth. The gain parameter defines the amount of boost or cut in decibels.
All filters run in series, processing the signal in this order: high-pass → low shelf → bell filters → high shelf → low-pass. Each stage can be independently enabled or bypassed.
The frequency parameter for all filters represents the period length of the targeted frequency component. Lower values target higher frequencies and vice versa. All gain values are in decibels, where positive values boost and negative values cut.
The 6-Band Parametric EQ combines these filters into a comprehensive frequency shaping tool. Just as audio engineers use parametric EQs to sculpt sound, this indicator lets you shape market data's frequency components with surgical precision. But beyond its technical implementation, this indicator serves as a thought experiment about the nature of filtering in technical analysis. While traditional indicators often rely on simple moving averages or single-frequency filters, the parametric EQ takes this concept to its logical extreme - offering complete control over the frequency domain of price action. Whether this level of filtering precision is useful for analysis is perhaps less important than what it reveals about our assumptions regarding market data and its frequency components.
Precision Combo Indicator with CrossesThe Precision Combo Indicator is a powerful tool designed to help traders identify high-probability buy and sell signals by combining three key technical indicators: Moving Averages (MA), Relative Strength Index (RSI), and MACD (Moving Average Convergence Divergence). It provides clear visual cues, including crossing lines and labels, to make trading decisions easier and more precise.
How It Works:
Moving Averages (MA):
The indicator plots two moving averages:
Fast MA (Blue Line): A shorter-term moving average (default: 9 periods).
Slow MA (Orange Line): A longer-term moving average (default: 21 periods).
When the Fast MA crosses above the Slow MA, it signals a potential uptrend.
When the Fast MA crosses below the Slow MA, it signals a potential downtrend.
RSI (Relative Strength Index):
The RSI is used to identify overbought (above 70) and oversold (below 30) conditions.
A buy signal is generated when the RSI exits the oversold zone (rises above 30).
A sell signal is generated when the RSI exits the overbought zone (falls below 70).
MACD (Moving Average Convergence Divergence):
The MACD consists of two lines:
MACD Line (Teal): The difference between two exponential moving averages.
Signal Line (Purple): A smoothed version of the MACD Line.
A buy signal is generated when the MACD Line crosses above the Signal Line.
A sell signal is generated when the MACD Line crosses below the Signal Line.
Combined Signals:
A buy signal is confirmed when:
Fast MA crosses above Slow MA.
RSI exits the oversold zone.
MACD Line crosses above the Signal Line.
A sell signal is confirmed when:
Fast MA crosses below Slow MA.
RSI exits the overbought zone.
MACD Line crosses below the Signal Line.
Visual Features:
Moving Averages:
The Fast MA (blue) and Slow MA (orange) are plotted as lines on the chart.
Crosses between the two MAs are marked with green (buy) or red (sell) labels.
MACD Lines:
The MACD Line (teal) and Signal Line (purple) are plotted as lines on the chart.
Crosses between the two MACD lines are marked with light green (buy) or dark red (sell) labels.
How to Use:
Add the Indicator:
Copy the script into the Pine Script Editor on TradingView.
Click "Add to Chart" to apply the indicator.
Interpret the Signals:
Look for green labels below the candles for buy signals.
Look for red labels above the candles for sell signals.
Confirm the signals by checking the crosses of the MA and MACD lines.
Adjust Parameters:
Customize the settings (e.g., MA lengths, RSI levels, MACD parameters) to fit your trading strategy.
Risk Management:
Always use stop-loss and take-profit levels to manage risk.
Example: Set a stop-loss at 2x ATR below the entry price for a long position.
Tips for Success:
Backtest: Test the indicator on historical data to evaluate its performance.
Combine with Other Tools: Use support/resistance levels or Fibonacci retracements for additional confirmation.
Be Patient: Wait for confirmed signals before entering a trade.
RSI ve EMA Tabanlı Alım-Satım StratejisiBu strateji, kısa vadeli ticaret yaparken güçlü trendleri takip etmeye ve riskleri en aza indirgemeye odaklanır. Strateji, aşağıdaki göstergelere dayanarak alım ve satım sinyalleri üretir:
Alım Sinyali:
EMA 50 değeri, EMA 200'ün üzerinde olmalı, yani trend yukarı yönlü olmalı.
MACD göstergesi sıfırın altında olmalı ve önceki değeri aşarak yükselmiş olmalı. Bu, güçlenen bir düşüş trendinden çıkıp yükselişe geçişi işaret eder.
Satım Sinyali:
RSI 14 göstergesi 70 seviyesini yukarıdan aşağıya kırarsa, aşırı alım durumunun sona erdiği ve fiyatın geri çekilebileceği sinyali verilir.
Stop Loss:
Eğer EMA 50 değeri, EMA 200'ün altına düşerse, strateji mevcut pozisyonu kapatarak zararı sınırlamayı hedefler.
Bu strateji, trend takibi yapan ve risk yönetimine önem veren yatırımcılar için tasarlanmıştır. Hem alım hem de satım koşulları, piyasa koşullarını dinamik bir şekilde analiz eder ve sadece trend yönündeki hareketlere odaklanır. RSI, MACD ve EMA göstergeleriyle desteklenen alım-satım sinyalleri, güçlü ve güvenilir bir ticaret stratejisi oluşturur.
Ekstra Notlar:
Strateji, trend yönünde işlem yaparak daha sağlam pozisyonlar almanızı sağlar.
Stop loss seviyeleri, güçlü trend dönüşleri durumunda korunmaya yardımcı olur.
Bu strateji özellikle yükseliş trendleri sırasında alım yapmayı tercih eder ve aşırı alım koşullarında satışı gerçekleştirir.
Precision Combo Indicator V2The Precision Combo Indicator V2 is a powerful tool that combines multiple technical indicators to provide you with clear buy and sell signals. Whether you're a beginner or an experienced trader, this script helps you identify trends, confirm momentum, and make informed decisions.
With Version 2, we've taken the script to the next level: It's now more precise, reliable, and user-friendly than ever before! 🚀
What Makes This Indicator So Special?
The Precision Combo Indicator V2 combines 6 proven indicators into one powerful tool:
Moving Averages (MA):
Identifies trend directions through the crossover of Fast MA and Slow MA.
Relative Strength Index (RSI):
Detects overbought and oversold conditions.
MACD (Moving Average Convergence Divergence):
Confirms momentum changes through the crossover of the MACD line and signal line.
Bollinger Bands:
Measures volatility and identifies support/resistance levels.
Parabolic SAR:
Detects potential trend reversals.
ADX (Average Directional Index):
Measures trend strength to ensure you only trade in strong trends.
How Does It Work?
The script generates buy and sell signals when all the following conditions are met:
Buy Signal:
🟢 Fast MA crosses above Slow MA.
🟢 RSI exits the oversold zone (crosses above 30).
🟢 MACD line crosses above the signal line.
🟢 Price is above the middle Bollinger Band.
🟢 Price is above the Parabolic SAR.
🟢 ADX indicates strong trend strength (ADX > 25).
Sell Signal:
🔴 Fast MA crosses below Slow MA.
🔴 RSI exits the overbought zone (crosses below 70).
🔴 MACD line crosses below the signal line.
🔴 Price is below the middle Bollinger Band.
🔴 Price is below the Parabolic SAR.
🔴 ADX indicates strong trend strength (ADX > 25).
What’s New in Version 2?
We’ve made major improvements to deliver even better results:
More Confirmations:
By adding Bollinger Bands, Parabolic SAR, and ADX, signals are now confirmed by multiple indicators. This means fewer false signals and more accurate trades!
Trend Strength Analysis:
The ADX helps you trade only in strong trends, increasing your chances of success.
Volatility Analysis:
The Bollinger Bands show whether the price is overbought or oversold – in the context of current volatility.
Trend Reversal Analysis:
The Parabolic SAR alerts you early to potential trend reversals.
User-Friendly Design:
All indicators are clearly displayed on the chart, making it easy to verify signals.
Alerts notify you instantly when a buy or sell signal occurs.
Why Choose the Precision Combo Indicator V2?
Simplicity: Everything in one tool – no need to manually check multiple indicators.
Precision: Multiple confirmations ensure reliable signals.
Flexibility: Works on all timeframes and markets (stocks, forex, crypto, etc.).
User-Friendly: Clear visual signals and alerts make trading easier than ever.
How to Use the Indicator
Add the script to your TradingView chart.
Customize the settings to your preferences (e.g., MA lengths, RSI levels, etc.).
Watch for signals and alerts to make informed trading decisions.
FAQs
❓ Who is this indicator for?
It’s for all traders, regardless of experience level. Whether you're a beginner or a pro, this tool helps you make better decisions.
❓ Does it work on all markets?
Yes! The indicator is universal and works on stocks, forex, crypto, and more.
❓ Can I customize the settings?
Absolutely! You can adjust all parameters (e.g., MA lengths, RSI levels, etc.) to suit your needs.
Get the Precision Combo Indicator V2 – and Take Your Trading to the Next Level!
With this tool, you have everything you need to make precise trading decisions. Try it out and experience how simple and effective trading can be!
MACD + RSI Combined
The "MACD + RSI Combined" indicator merges the strengths of the MACD and RSI for enhanced market analysis. It calculates the MACD histogram, signal line, and RSI, combining them using a customizable weight factor, alpha. Scaled RSI centers around zero, while the MACD histogram is color-coded—green for rising momentum and red for falling momentum. A dynamic histogram scaling option allows better visualization. Additionally, overbought/oversold zones are highlighted, aiding traders in identifying potential trend reversals.
RSI EMA CrossOverUse Case:
This indicator is useful for traders looking for:
Trend Confirmation: Identify when momentum aligns with a sustained trend.
Entry and Exit Points: Use the "B" signals for potential long entries and "S" signals for potential exits or short entries.
Noise Reduction: Avoid false signals caused by minor fluctuations in RSI by using the threshold filter.
MACD + RSI Combined
The "MACD + RSI Combined" indicator merges the strengths of the MACD and RSI for enhanced market analysis. It calculates the MACD histogram, signal line, and RSI, combining them using a customizable weight factor, alpha. Scaled RSI centers around zero, while the MACD histogram is color-coded—green for rising momentum and red for falling momentum. A dynamic histogram scaling option allows better visualization. Additionally, overbought/oversold zones are highlighted, aiding traders in identifying potential trend reversals.
Pi Cycle Bitcoin High/LowThe theory that a Pi Cycle Top might exist in the Bitcoin price action isn't new, but recently I found someone who had done the math on developing a Pi Cycle Low indicator, also using the crosses of moving averages.
The Pi Cycle Top uses the 2x350 Daily MA and the 111 Daily MA
The Pi Cycle Bottom uses the 0.745x471 Daily MA and the 150 Daily EMA
Note: a Signal of "top" doesn't necessarily mean "THE top" of a Bull Run - in 2013 there were two Top Signals, but in 2017 there was just one. There was one in 2021, however BTC rose again 6 months later to actually top at 69K, before the next Bear Market.
There is as much of a chance of two "bottom" indications occurring in a single bear market, as nearly happened in the Liquidity Crisis in March 2020.
On April 19 2024 (UTC) the Fourth Bitcoin Halving took place, as the 840,000th block was completed. It is currently estimated that the 5th halving will take place on March 26, 2028.
RSI Divergence Indicator + STOCHThe RSI Divergence Indicator + STOCH is a combined technical analysis tool that helps traders identify potential reversal points in the market by analyzing two key momentum indicators: the Relative Strength Index (RSI) and the Stochastic Oscillator (STOCH).
RSI Divergence: The RSI measures the speed and change of price movements, ranging from 0 to 100. Divergence occurs when the price of an asset moves in the opposite direction of the RSI, signaling a potential shift in market direction. For example, if the price makes a higher high, but the RSI forms a lower high, this indicates a bearish divergence and suggests that upward momentum may be weakening.
Stochastic Oscillator (STOCH): The Stochastic Oscillator compares an asset's closing price to its price range over a specified period. It provides signals of overbought or oversold conditions, typically using a scale of 0 to 100. When the Stochastic line crosses above 80, it signals overbought conditions, and below 20 signals oversold conditions.
wuyx 59 imbGiải thích:
alertcondition: Hàm này được sử dụng để tạo các điều kiện cảnh báo trên TradingView. Khi điều kiện được đáp ứng, cảnh báo sẽ được kích hoạt.
breakFlyingCandleUp: Điều kiện phá vỡ nến bay tăng, xảy ra khi giá đóng cửa cao hơn high của nến bay trước đó.
breakFlyingCandleDown: Điều kiện phá vỡ nến bay giảm, xảy ra khi giá đóng cửa thấp hơn low của nến bay trước đó.
Cách sử dụng:
Khi bạn thêm các cảnh báo này vào script, bạn có thể thiết lập cảnh báo trên TradingView để nhận thông báo khi các điều kiện này được đáp ứng.
Bạn có thể tùy chỉnh thông báo cảnh báo để phù hợp với nhu cầu của mình.
Ví dụ hoàn chỉnh:
Dưới đây là đoạn mã hoàn chỉnh với các cảnh báo đã được thêm vào:
IU Multiple Trailing Stop Loss Methods The 'IU Multiplier Trailing SL' its risk management tool which allows users to apply multiple trailing stop-loss (SL) methods for risk management of their trades. Below is a detailed explanation of each input and the working of the Script.
Main Inputs:
- bar_time: Specifies the date from which the strategy begins.
- entry_type: Choose between 'Long' or 'Short' positions.
- trailing_method: Select the trailing stop-loss method. Options include ATR, Parabolic SAR, Supertrend, Point/Pip based, Percentage, EMA, Highest/Lowest, Standard Deviation, and multiple target-based methods.
- exit_after_close: If checked, exits the trade only after the candle closes.
Optional Inputs:
ATR Settings:
- atr_Length: Length for the ATR calculation.
- atr_factor: ATR multiplier for SL calculation.
Parabolic SAR Settings:
- start, increment, maximum: Parameters for the Parabolic SAR indicator.
Supertrend Settings:
- supertrend_Length, supertrend_factor: Length and factor for the Supertrend indicator.
Point/Pip Based:
- point_base: Set trailing SL in points/pips.
Percentage Based:
- percentage_base: Set SL as a percentage of entry price.
EMA Settings:
- ema_Length: Length for EMA calculation.
Standard Deviation Settings:
- std_Length, std_factor: Length and factor for standard deviation calculation.
Highest/Lowest Settings:
- highest_lowest_Length: Length for the highest/lowest SL calculation.
Target-Based Inputs:
- ATR, Point, Percentage, and Standard Deviation based target SL settings with customizable lengths and multipliers.
Entry Logic:
- Trades initiate based on the entry_type selected and the specified bar_time.
- If Long is selected, a long trade is initiated when the conditions match, and vice versa for Short.
Trailing Stop-Loss (SL) Methods Explained:
The strategy dynamically adjusts stop-loss based on the chosen method. Each method has its calculation logic:
- ATR: Stop-loss calculated using ATR multiplied by a user-defined factor.
- Parabolic SAR: Uses the Parabolic SAR indicator for trailing stop-loss.
- Supertrend: Utilizes the Supertrend indicator as the stop-loss line.
- Point/Pip Based: Fixed point-based stop-loss.
- Percentage Based: SL set as a percentage of entry price.
- EMA: SL based on the Exponential Moving Average.
- Highest/Lowest: Uses the highest high or lowest low over a specified period.
- Standard Deviation: SL calculated using standard deviation.
Exit Conditions:
- If exit_after_close is enabled, the position will only close after the candle confirms the stop-loss hit.
- If exit_after_close is disabled, the strategy will close the trade immediately when the SL is breached.
Visualization:
The script plots the chosen trailing stop-loss method on the chart for easy visualization.
Target-Based Trailing SL Logic:
- When a position is opened, the strategy calculates the initial stop-loss and progressively adjusts it as the price moves favorably.
- Each SL adjustment is stored in an array for accurate tracking and visualization.
Alerts and Labels:
- When the trailing stop loss is hit this scripts draws a label and give alert to the user that trailing stop has been hit for the trade.
Summary:
This script offers flexible trailing stop-loss options for traders who want dynamic risk management in their strategies. By offering multiple methods like ATR, SAR, Supertrend, and EMA, it caters to various trading styles and risk preferences.
Daily Trading StrategyThis Pine Script implements a daily trading strategy that combines three technical indicators: Moving Average (MA), Relative Strength Index (RSI), and Average Directional Index (ADX). It aims to identify strong trends with high momentum and enter positions with a favorable risk/reward ratio.
Key Features:
Trend Identification: Uses a combination of fast (20-period) and slow (50-period) MA to identify the direction of the trend.
Momentum Confirmation: Employs RSI (14-period) to confirm the strength of the trend and filter out weak signals.
Trend Strength Filter: Utilizes ADX (14-period) to ensure that only trades are taken when the trend is strong (ADX > 25).
Dynamic Stop-Loss and Take Profit: Calculates stop-loss and take profit levels based on Average True Range (ATR) with a risk/reward ratio of 1:2.
Automated Order Execution: Automatically enters long or short positions based on the defined entry conditions with predefined stop-loss and take profit levels.
Clear Visualization: Plots the indicators and key levels on the chart for easy visual analysis.
Alert Notifications: Sends alerts when entry conditions are met, notifying traders of potential trading opportunities.
This script is designed for traders who prefer a systematic approach to daily trading, leveraging the power of multiple indicators to identify high-probability trades with well-defined risk management.
Color based on 20 Day SMA and mvwapColors price based on where it is compared to 20 day SMA and mvwap.
SMA is anchored to the daily timeframe so that it remains constant even in lower timeframes
Combined Indicator with Signals, MACD, RSI, and EMA200Este indicador combina múltiples herramientas técnicas en un solo script, proporcionando un enfoque integral para la toma de decisiones en trading. A continuación, se analiza cada componente y su funcionalidad, así como las fortalezas y áreas de mejora.
Componentes principales
Medias Móviles (MA7, MA20, EMA200):
MA7 y MA20: Son medias móviles simples (SMA) que identifican señales a corto plazo basadas en sus cruces. Estos cruces (hacia arriba o hacia abajo) son fundamentales para las señales de compra o venta.
EMA200: Actúa como un filtro de tendencia general. Aunque su presencia es visualmente informativa, no afecta directamente las señales en este script.
Estas medias móviles son útiles para identificar tendencias a corto y largo plazo.
MACD (Moving Average Convergence Divergence):
Calculado usando las longitudes de entrada (12, 26, y 9 por defecto).
Se trazan dos líneas: la línea MACD (verde) y la línea de señal (naranja). Los cruces entre estas líneas determinan la fuerza de las señales de compra o venta.
Su enfoque está en medir el momento del mercado, especialmente en combinación con los cruces de medias móviles.
RSI (Relative Strength Index):
Calculado con un período estándar de 14.
Se utiliza para identificar condiciones de sobrecompra (>70) y sobreventa (<30).
Además de ser trazado como una línea, el fondo del gráfico se sombrea con colores rojo o verde dependiendo de si el RSI está en zonas extremas, lo que facilita la interpretación visual.
Señales de Compra y Venta:
Una señal de compra ocurre cuando:
La MA7 cruza hacia arriba la MA20.
La línea MACD cruza hacia arriba la línea de señal.
El RSI está en una zona de sobreventa (<30).
Una señal de venta ocurre cuando:
La MA7 cruza hacia abajo la MA20.
La línea MACD cruza hacia abajo la línea de señal.
El RSI está en una zona de sobrecompra (>70).
Las señales se representan con triángulos verdes (compra) y rojos (venta), claramente visibles en el gráfico.
Trend Follow DailyHello,
here's a simple trend following system using D timeframe.
we buy at the close when:
market is been raising for 2 days in a row, current close is higher than previous close, current low is higher than previous low, current close is higher than previous close and the current close is above 21-period simple moving average.
we sell at the close when:
current close is higher than previous day's high.
Strategy works best on stock indices due to the long-term upward drift.
Commission is set to $2.5 per side and slippage is set to 1 tick.
You can adjust commission for your instrument, as well play around with the moving average period.
Moving average is there to simply avoid periods when market is the selloff state.
PENTAD THEORY 30 MINUTE INITIAL BALANCE With Candle HighlightThis indicator is designed to highlight the 30-minute initial balance range, visualize key retracement levels, and provide insights into market behavior based on defined conditions. It also enhances clarity by applying specific color changes to the :06 and :36 minute candle in relative 30-minute intervals.
Key Features:
Initial Balance Box:
Automatically creates a price range (box) representing the first 6 minutes of each 30-minute interval.
The box dynamically updates during this period to capture the high and low prices.
Color-Coded Zones:
Inside the Box: Yellow background indicates price trading within the range.
Above the Box: Green background shows price breaking above the range.
Below the Box: Red background reflects price breaking below the range.
EMA Overlay:
Plots 3 customizable EMAs (default lengths: 9, 21, 55).
Each EMA can be toggled on/off and colored individually for trend analysis.
Retracement Levels:
Automatically calculates and displays key Fibonacci retracement levels (61.8% and 38.2%) based on the box size.
Adds a midline for additional price reference.
Candle Highlighting:
The :06 and :36 minute candle in relative 30-minute intervals is highlighted with a customizable blue color to draw attention to specific market activity.
The break above or below the 6 minute candle or the close of the 6 minute candle outside the box can help determine the direction of the 30-minute interval.
How to Use:
Trend Confirmation:
Use the EMAs to identify overall trend direction. For example, a bullish trend is indicated when shorter EMAs (e.g., 9 EMA) are above longer ones (e.g., 55 EMA).
Breakout and Retracement Analysis:
Watch for price breaking out of the initial balance box.
Observe retracement levels (61.8% and 38.2%) as potential areas for reversal or continuation.
Candle Highlight:
Pay special attention to the :06 or :36 minute candle, which is highlighted to signify its relevance in the relative 30-minute cycle.
Customization:
Adjust colors and EMA settings via the input menu to align with your trading style and chart aesthetics.
Ideal For:
Intraday traders looking to analyze initial balance ranges.
Traders focused on breakout, retracement, and trend-following strategies.
Those who benefit from visual clarity and real-time market insights.
Notes:
Ensure your chart is set to a 3-minute timeframe or lower for optimal performance.
This indicator is most effective when combined with other confluence factors, such as support/resistance zones and volume analysis.
Multi Function 5MAMulti Function 5MA has covered about all the functions that you would generally want to MA.
The functions that can be displayed with this indicator are as follows.
1 Up to 5 MA and Signal lines can be displayed as desired.
2 MA lines change color according to the following conditions. Fixed color can also be selected
1. Up/Down with the source of calculation (e.g., closing price)
2. Up/Down with the Signal
3. MA line up or down
3 MA and Signal lines can be selected from the following 6 types
1.SMA (Simple Moving Average)
2.EMA (Exponential Moving Average)
3.RMA (Running Moving Average)
4.WMA (Weighted Moving Average)
5.HMA (Hull Moving Average)
6.LSMA (Least Squares Moving Average)
4 The following can be set individually for both MA and Signal lines
1.Type
2.Period
3.Offset value
5 Ribbon backgrounds can be displayed on MA lines with the following information
1.4 Ribbons can be displayed simultaneously for MA1/2 MA2/3 MA3/4 MA4/5
2.Ribbon color can be set individually for all four ribbons
3.Ribbon color changes depending on MAs Condition. Fixed colors can also be set and selected.
6 BB (Bollinger Bands) and KC (Keltner Channels) can be set for MAs as follows
1.BB and KC can be set for the same MA or for different MA
2.Up to 3 BB line and 3 KC line can be displayed each
3.Standard deviation period and sigma value for BB and ATR value and multiplier for KC can be set
4.Colors can be set for each BB line and KC line
5.Background can be displayed in any range for both BB and KC
7 MA, Signal, Ribbon, BB, KC, and background can all be set individually for color, density, and thickness
Adaptive Moving Averagewhat is the purpose of the indicator?
When short-length moving averages are used as trailing stops, they cause exiting the trade too early. Keeping the length value too high will result in exiting the transaction too late and losing most of the profits earned. I aimed to prevent this problem with this indicator.
what is "Adaptive Moving Average"?
it is a moving average that can change its length on each candle depending on the selected source.
what it does?
The indicator first finds the average lengths of the existing candles and defines different distances accordingly. When the moving average drawn by the indicator enters the area defined as "far" by the indicator, the indicator reduces the length of the moving average, preventing it from moving too far from the price, and continues to do so at different rates until the moving average gets close enough to the price. If the moving average gets close enough to the price, it starts to increase the length of the average and thus the adaptation continues.
how it does it?
Since the change of each trading pair is different in percentage terms, I chose to base the average height of the candles instead of using constant percentage values to define the concept of "far". While doing this, I used a weighted moving average so that the system could quickly adapt to the latest changes (you can see it on line 17). After calculating what percentage of the moving average this value is, I caused the length of the moving average to change in each bar depending on the multiples of this percentage value that the price moved away from the average (look at line 20, 21 and 22). Finally, I created a new moving average using this new length value I obtained.
how to use it?
Although the indicator chooses its own length, we have some inputs to customize it. First of all, we can choose which source we will use the moving average on. The "source" input allows us to use it with other indicators.
"max length" and "min length" determine the maximum and minimum value that the length of the moving average can take.
Apart from this, there are options for you to add a standard moving average to the chart so that you can compare the adaptive moving average, and bollinger band channels that you can use to create different strategies.
This indicator was developed due to the need for a more sophisticated trailing stop, but once you understand how it works, it is completely up to you to combine it with other indicators and create different strategies.
Adaptive MFI Divergence IndicatorKey Features:
Pivot-Based Divergence Detection:
The script identifies bullish and bearish divergences using MFI EMA and price pivots:
Bullish Divergence: Price forms a lower low, while the MFI EMA forms a higher low.
Bearish Divergence: Price forms a higher high, while the MFI EMA forms a lower high.
Pivots are determined using configurable left and right bars for fine-tuned divergence detection.
Dynamic Entry Conditions:
For bullish divergences, the script:
Records the pivot high formed between the two pivot lows.
Triggers a buy signal only when the price closes above the recorded pivot high.
Ensures that the divergence aligns with a positive trend and occurs under favorable volatility conditions.
For bearish divergences, the script:
Records the pivot low formed between the two pivot highs.
Triggers a sell signal only when the price closes below the recorded pivot low.
Confirms the divergence aligns with a negative trend and sufficient volatility.
Trend and Volatility Filtering:
Confirms trend alignment using EMA crossovers:
Bullish Trend: EMA (25) > EMA (50).
Bearish Trend: EMA (25) < EMA (50).
Filters signals using Historical Volatility (HV):
Signals are valid only if HV exceeds its 50-period SMA benchmark, ensuring active market conditions.
Enhanced Money Flow Index (MFI):
The MFI calculation is enhanced by:
Adjusting for volume weight using a logarithmic scale based on the ratio of current to average volume.
Normalizing weights to stay within a stable range (0.5–1.5).
Offers the option to toggle between standard and adjusted MFI using the “Use adjusted MFI” input.
Clear Visual and Alert System:
Signals are marked directly on the chart:
Green "BUY" labels appear below the bars for bullish signals.
Red "SELL" labels appear above the bars for bearish signals.
Alerts for both bullish and bearish divergences enable real-time notifications.
Entry Conditions:
Bullish Entry:
Divergence Confirmation:
Price forms a lower low.
MFI EMA forms a higher low.
Pivot low is confirmed.
Pivot High Recording:
The script records the pivot high formed between the two pivot lows.
Entry Trigger:
A buy alert is triggered only when the price closes above the recorded pivot high.
Additional checks:
Trend Confirmation: EMA (25) > EMA (50).
Volatility Validation: HV exceeds its benchmark (50-period SMA).
MFI EMA Threshold: MFI EMA > 61.8.
Bearish Entry:
Divergence Confirmation:
Price forms a higher high.
MFI EMA forms a lower high.
Pivot high is confirmed.
Pivot Low Recording:
The script records the pivot low formed between the two pivot highs.
Entry Trigger:
A sell alert is triggered only when the price closes below the recorded pivot low.
Additional checks:
Trend Confirmation: EMA (25) < EMA (50).
Volatility Validation: HV exceeds its benchmark (50-period SMA).
MFI EMA Threshold: MFI EMA < 38.2.
Practical Applications:
Divergence-Based Reversals:
Ideal for detecting potential trend reversals using divergence signals confirmed by pivot breakouts.
Trend-Filtered Signals:
Eliminates false signals by requiring trend alignment via EMA crossovers.
Volatility-Aware Trading:
Ensures signals occur during active market conditions, reducing noise and enhancing signal reliability.
Why Choose This Indicator?
The Custom MFI Divergence Alerts script combines:
Accurate divergence detection using pivots on price and MFI EMA.
Dynamic entry conditions that align with trend and market volatility.
Volume-weighted MFI adjustments for more reliable oscillator signals
