Inizia

NQ

Jedi Momentum & Reversal Scalp IndicatorQuick Breakdown: This scalping strategy was designed to take advantage of price movements throughout the regular trading session in NQ futures on the 1min chart. I developed this to help hunt for trend setups and reversals. This strategy or indicator is applicable to any high liquidity market, and works best on the 1min or 2min charts. 3min and 5min chart will give fewer signals. Markets are unpredictable and the NQ can be especially volatile. Recognizing that a market is in a state of chop or extreme volatility is important as a trader. This script will give false signals when the market is in a state of chop or extreme volatility. Avoid opens that do not have a clear directional move. Avoid low volume or slower periods of the regular trading session. Due to low volume and usually a tighter range, this script will most likely not work well during the overnight session. However, if patient, this indicator can help you find 1-3 A+ Setups during the RTH session. This indicator uses the 9, 20, and 50 simple moving averages. (custom SMA's) I take into consideration other indicators and key levels, then look for confluence with this strategy when hunting for setups. Long and Shorts are inverted for this strategy. Conditions and Considerations: - Setup Signal 1: 9 crosses 20. This is an early warning signal that momentum or sentiment in the market could be changing and starting to move in the direction of the cross. During consolidation or high volatility, Setup 1 will give false signals. A strong Setup Signal 1, usually happens after a period of consolidation. - Setup Signal 2: 9 crosses 50. This is the main signal that a long or short setup has begun. The background will change color to highlight a long or short setup and you will only see long Enter signals if the Setup is long. Setup 2 gives less false signals. - Entry Signal 1: 20 crosses 50. You won't be able to enter at the cross level, but if the momentum is healthy, then entering with the next candle could be a good entry level. However, sometimes price moves in the direction of the Setup before the cross, so you may want to enter just before if structure is favorable. Furthermore, you may want to have a stop that goes just outside of the 9/50 cross, since immediately pulling back to that level would not be healthy for the setup. **Note: Conditions for Entry Signals 2-4; are when price has pulled away from the moving averages and they are in order above or below price, then as price pulls back to the 9, 20, and 50 a long signal is created when the low of a candle gets close (custom buffers) to one of the moving averages. A short signal is created when the high of a candle gets close to one of the moving averages. - Entry Signal 2: Pullback to 9 (custom buffer). Early in a healthy setup the first pullback is usually the smallest and can happen quickly and also more than once. - Entry Signal 3: Pullback to 20 (custom buffer). Midway into or later in a setup price will pullback towards the 20. This is sometimes an early exhaustion sign. Pullbacks to the 20 are usually fewer than pullbacks to the 9. Sometimes the 9 and 20 begin to entwine before continuation. If this happens take note of the angle on the 50, if there is still a decent angle supporting the direction of the setup, then the setup is still valid. - Entry Signal 4: Pullback to 50 (custom buffer). This is sometimes an exhaustion signal and should be traded with caution and a tight stop. If the 50 is broken early in a Setup, then the momentum is not strong in the direction of the Setup, and you should avoid that trade. If later in the Setup the 50 is broken in a flush, but only by a few points, then wait and see if price rebounds in direction of Setup. If later in the Setup the 50 is broken by more than 25pts, then the Setup is not valid anymore. - Exit Signal: 9 cross the 50. When the 9 crosses the 50 in the opposite direction as the previous Setup, then that Setup is over. *Note: Context Matters! High volatility and chop can give false signals. Don’t trade every Setup. Market should make a clear opening drive and/or breakout of a key level or consolidation zone. Don’t try to use Entry signals in the middle of a consolidation zone, a day of high volatility, or during a news release (CPI, NFP, FOMC, etc.). Confluence with other indicators (like CDV candles pullback to CDV moving averages the same as price pullbacks to an Entry Signal, or RSI divergence after price made an exhaustion move off an Entry Signal, etc.) and key levels (like previous day’s OHLC, POC, VAH, VAL, etc.) Momentum: - 45* angle on moving averages can help identify strong momentum - RSI/MACD should be in confluent zones as Setup (if long RSI should be above zero) - Pullbacks always require patience=identify failure levels (15m/30m candle high/lows, OHLC, POC, VAH, VAL, etc.) - RSI hidden divergence=strong momentum - If strong momentum, then RSI divergence can give false signals Reversal: - Don’t try to fade strong momentum. Best to wait until Key Levels are reached. - 3+ “pushes” with RSI divergence=early reversal signal, but don’t enter before Signal 2 - If Initial Balance is extremely wide, take caution holding onto reversal Setups. Price could snap back as the market revisits key levels - Remember; a reversal is a pullback, but not all pullbacks are reversals Risk Management: - Depending on volatility, I trade with a 1:1 or 2:1 profit:loss bracket. My stops are usually set at 25pts - I always leave a runner at key levels or outside range - When main target is hit=all stops move to inside break even - Typically trail stops behind the 50 - Setups should move quickly=if price stalls and pulls away from break even, exit trade before full stop is hit ES 1min moving average settings: 16, 34, 75
Indicatore Pine Script®
di dillonmcdermott
1
QQQ and SPY Price Levels [MW]Introduction: Don’t let SPY and QQQ resistance levels hurt your futures trading anymore. The QQQ and SPY Price Levels indicator automagically provides easily accessible QQQ price levels for NASDAQ-related charts such as QQQ, /NQ and /MNQ futures, and leveraged ETFs such as TQQQ and SQQQ as well as for SPY price levels for S&P 500-related charts such as SPY, /ES and /MES futures, SPX, and leveraged ETFs such as UPRO and SPXU. If you’ve ever traded futures, or anything QQQ- or SPY-related and wanted to know at what price would the corresponding asset reach a key whole number level of QQQ or SPY, like 400, 440, 445, or even 447.50, this tool is for you. Key 10x, 5x, and even 2.5x multiples of QQQ and SPY can act as support or resistance for other related-assets. Until now, there hasn’t been an indicator that can serve as an easy visual cue to know exactly when that is about to happen across assets. This indicator is a fork of the original SPY Price Levels indicator, which only considered SPY-related assets. Settings: QQQ/SPY 2.5x: Show closest levels above and below that are multiples of 2.5 on QQQ QQQ/SPY 5x: Show closest levels above and below that are multiples of 5 on QQQ QQQ/SPY 10x: Show closest levels above and below that are multiples of 10 on QQQ Show QQQ/SPY Price Label: Show the current QQQ/SPY price Extend lines to the left: Extend label lines for each price level to the beginning of the chart Calculations: This indicator defines the ratio between the price of QQQ/SPY and another NASDAQ/S&P-related asset and uses that multiplier once the user-defined price increments are defined. For example, if /MNQ is at 19000 and QQQ is at 465, then the ratio would be 40.8. The incremental QQQ levels that are above and below the QQQ price are calculated using the following equations: qqqLevelUp = _multiplier * math.ceil(_qqqClose / _multiplier) qqqLevelDown = _multiplier * math.floor(_qqqClose / _multiplier) The conversion ratio is then multiplied by that amount to get the final estimated corresponding price using the calculation: levelUp := _conversion * qqqLevelUp levelDown := _conversion * qqqLevelDown For leveraged assets, the conversion must be used on the difference between the current QQQ price and the incremental upper and lower levels. For example, the calculation for the next level up looks like the following: levelUpDelta := math.abs(_qqqClose - qqqLevelUp) levelUp := close + _conversion * (levelUpDelta * _leverage) This logic is identical for SPY-related assets. How to Use: The QQQ and SPY Price Levels indicator aims to be as unobtrusive as possible. The default view shows 3 labels and 2 lines that are all aligned to the right of the main chart, so that it interferes as little as possible with any other indicators. It can be added to any /NQ or /MNQ futures chart, SQQQ, TQQQ, and, of course, QQQ as well as any /ES /MES futures chart, SPXU, UPRO, SPX, and of course SPY. The most immediate price levels for each multiplier appears above and below the current price along with the price of QQQ/SPY. For example, MNQU2024 is currently at 19594. By looking at the indicator the next QQQ increment below is at 475, or 19556 on the MNQU2024 chart. This potential support is marked with a green label that shows both prices. The next increment above is at QQQ 477.50, or 19659 on the MESU2024 chart. And the QQQ price itself, is also shown (and can be removed) at 475.92. QQQ and SPY price increments of 2.5, 5, and 10 tend to consistently act at the very least as emotional support and resistance levels. Weak, or weakening volume and/or momentum when these levels are hit can trigger a strong rejection, and can sometimes precipitate lengthy consolidation periods at those levels. Watching an NASDAQ- and S&P 500-related asset come to a halt, fall off a cliff, or react in some other unintuitive way could very well be the result of a QQQ/SPY level being reached. Even though many of us know that this relationship exists, it’s easy to forget. So, this indicator helps to ensure that its users keep that relationship front and center. By extending the lines into the past on QQQ/SPY and their related assets, you can see what reactions happened at these key levels. Other Usage Notes and Limitations: The calculations used only provide an estimated relationship or a close approximation, and are not exact. It's important for traders to be aware of the limitations of any indicator and to use them as part of a broader, well-rounded trading strategy that includes risk management, fundamental analysis, and other tools that can help with reducing false signals, determining trend direction, and providing additional confirmation for a trade decision. Diversifying strategies and not relying solely on one type of indicator or analysis can help mitigate some of these risks.
Indicatore Pine Script®
di mwrightinc
5
Bull Flag DetectionThe FuturesGod bull flag indicator aims to identify the occurrence of bull flags. Bull flags are a popular trading pattern that allows users to gauge long entries into a given market. Flags consist of a pole that is followed by either a downward or sideways consolidation period. This script can be used on any market but was intended for futures (NQ, ES) trading on the intraday timeframe. The script does the following: 1. Identifies the occurrence of a flag pole. This is based on a lookback period and percentage threshold decided by the user. 2. Marks the consolidation area after the pole occurrence using swing highs and swing lows. 3. Visually the above is represented by a shaded green area. 4. When a pole is detected, it is marked by a downward off-white triangle. Note that if the percentage threshold is reached several times on the same upward climb, the script will continue to identify points where the threshold for pole detection is met. 5. Also visualized are the 20, 50 and 200 period exponential moving averages. The area between the 20 and 50 EMAs are shaded to provide traders a visual of a possible support area.
Indicatore Pine Script®
di xfuturesgod
1
High/Low of week: Stats & Day of Week tendencies// Purpose: -To show High of Week (HoW) day and Low of week (LoW) day frequencies/percentages for an asset. -To further analyze Day of Week (DoW) tendencies based on averaged data from all various custom weeks. Giving a more reliable measure of DoW tendencies ('Meta Averages'). -To backtest day-of-week tendencies: across all asset history or across custom user input periods (i.e. consolidation vs trending periods). -Education: to see how how data from a 'hard-defined-week' may be misleading when seeking statistical evidence of DoW tendencies. // Notes & Tips: -Only designed for use on DAILY timeframe. -Verification table is to make sure HoW / LoW DAY (referencing previous finished week) is printing correctly and therefore the stats table is populating correctly. -Generally, leaving Timezone input set to "America/New_York" is best, regardless of your asset or your chart timezone. But if misaligned by 1 day =>> tweak this timezone input to correct -If you want to use manual backtesting period (e.g. for testing consolidation periods vs trending periods): toggle these settings on, then click the indicator display line three dots >> 'Reset Points' to quickly set start & end dates. // On custom week start days: -For assets like BTC which trade 7 days a week, this is quite simple. Pick custom start day, use verification table to check all is well. See the start week day & time in said verification table. -For traditional assets like S&P which trade only 5 days a week and suffer from occasional Holidays, this is a bit more complicated. If the custom start day input is a bank holiday, its custom 'week' will be discounted from the data set. E.g.1: if you choose 'use custom start day' and set it to Monday, then bank holiday Monday weeks will be discounted from the data set. E.g.2: If you choose 'use custom start day' and set it to Thursday, then the Holiday Thursday custom week (e.g Thanksgiving Thursday >> following Weds) would be discounted from the data set. // On 'Meta Averages': -The idea is to try and mitigate out the 'continuation bias' that comes from having a fixed week start/end time: i.e. sometimes a market is trending through the week start/end time, so the start/end day stats are over-weighted if one is trying to tease out typical weekly profile tendencies or typical DoW tendencies. You'll notice this if you compare the stats with various custom start days ('bookend' start/end days are always more heavily weighted). I wanted to try to mitigate out this 'bias' by cycling through all the possible new week start/end days and taking an average of the results. i.e. on BTC/USD the 'meta average' for Tuesday would be the average of the Tuesday HoW frequencies from the set of all 7 possible custom weeks(Mon-Sun, Tues-Mon, Weds-Tues, etc etc). // User Inputs: ~Week Start: -use custom week start day (default toggled OFF); Choose custom week start day -show Meta Averages (default toggled ON) ~Verification Table: -show table, show new week lines, number of new week lines to show -table formatting options (position, color, size) -timezone (only for tweaking if printed DoW is misaligned by 1 day) ~Statistics Table: -show table, table formatting options (position, color, size) ~Manual Backtesting: -Use start date (default toggled OFF), choose start date, choose vline color -Use end date (defautl toggled OFF), choose end date, choose vline color // Demo charts: NQ1! (Nasdaq), Full History, Traditional week (Mon>>Friday) stats. And Meta Averages. Annotations in purple: NQ1! (Nasdaq), Full History, Custom week (custom start day = Wednesday). And Meta Averages. Annotations in purple:
Indicatore Pine Script®
di twingall
5
QQQ NDX NQ Price Converter [Pt]A must have tool for QQQ NDX NQ traders~!!! Description The QQQ NDX NQ Price Converter is a powerful and easy-to-use tool that allows traders to view corresponding price levels for linked instruments in real-time. This includes QQQ, NDX, NQ, and NAS100USD. Although these instruments often move in sync, differences in price movements, volume, and trading hours can create unique key levels and support/resistance areas for each. By mapping these levels on the same chart, traders can more easily spot trading opportunities and improve their chances of success. Customizable features - multiplier from the closest whole number price level - line color - line style - label position / size - # of levels to display - toggle current price display table
Indicatore Pine Script®
di PtGambler
7
Convert ETF to Futures/IndexThis indicator is used to automatically map an ETF's VWAP and 10 levels above and below the strike of your choice, to the futures or index instrument currently being viewed/traded. This works very well when using both SPY to ES/MES/SPX or QQQ to NQ/MNQ/NDX to plot the ETF strikes and can lead to some incredible trades, especially when trading level to level. Since SPY, QQQ, IWM, and DIA have the same price action as their futures iteration, there seems to be a direct correlation between their levels and VWAP . This indicator is made to easily map these key levels to the appropriate futures instrument. If you have a way to measure GEX centered around a certain level, I recommend color coding the lines to help indicate whether the level will have strong positive or negative gamma hedging associated with it.
Indicatore Pine Script®
di kfatkin
2
Cowabunga System from babypips.comPlease do read the information below as well, especially if you are new to Forex. The Cowabunga System is a type of Mechanical Trading System that filters trades based on the trend of the 4 hour chart with EMAs and some other familiar indicators (RSI, Stochastics and MACD) while entering trades base on 15 minute chart. I have coded (quite amateurishly) the basic system onto a 15 minute chart (the 4 hour settings are coded as well). The author says the system is to be traded off the 15 minute chart with the 4 hour chart only as a reference for trend direction. 4 Hour Chart Settings 5 EMA 10 EMA Stochastics (10,3,3) RSI (9) Then we move onto the 15 minute chart, where he gives us the trade entry rules. 15 Minute Chart Settings 5 EMA 10 EMA Stochastics (10,3,3) RSI (9) MACD (12,26,9) Entry Rules - long entry rules used, obviously reverse these for shorting. 1. EMA must cross above the 10 EMA. 2. RSI must be greater than 50 and not overbought. 3. Stochastic must be headed up and not be in overbought territory. 4. MACD histogram must go from negative to positive OR be negative and start to increase in value. What I did. 1. Set the RSI and Stochastic levels to avoid entries when they indicate overbought conditions for long and oversold conditions for short (80 and 20 levels). 2. Users can input specific times they want to backtest. 3. User's can configure profit targets, trailing stops and stops. Default is set it to was 100 pips profit target with a 40 pip trailing stop. (Note, when you are changing these values, please note that each pip is worth 10, so 100 pips is entered as 1000.) The Cowabunga System from babypips.com is another popular and active system. The author, Pip Surfer, continues to post wins and losses with this system. It shows there is a lot of honesty and integrity with this system if the author keeps up to date even 10 years later and is not afraid of sharing the times the system causes losses. As an example of this, here is post he shared just last week . It's almost like a journal, he gives specific times and reasons why he entered, lets the readers know when he was stopped out, etc. I think that what he does is equally important as his system. To read more about this system, visit the thread on babypips.com, click here.
Strategia Pine Script®
di itsjustanalysis
5