ADX-DMIThis script manually calculates the Directional Movement Index (DMI) and the Average Directional Index (ADX) using Wilder’s smoothing technique. The DMI indicators are used to assess the strength and direction of a market trend. It includes three main lines: ADX (yellow), DI+ (green), and DI− (red). Traders use these indicators to determine whether a trend is strong and in which direction it is moving.
The process begins by defining the length parameter, which determines how many periods are considered in the calculation. It then calculates the True Range (TR), which is the greatest of three values: the difference between the current high and low, the difference between the current high and the previous close, and the difference between the current low and the previous close. This TR is used to compute the Average True Range (ATR), which smooths out price fluctuations to get a clearer picture of the market’s volatility. Next, the script calculates the +DM (positive directional movement) and -DM (negative directional movement) based on the changes in the highs and lows from one period to the next.
Finally, the script computes the DI+ and DI− values by dividing the smoothed +DM and -DM by the ATR and multiplying by 100 to express them as percentages. The DX value is calculated as the absolute difference between DI+ and DI−, normalized by the sum of both values. The ADX is then derived by smoothing the DX value over the specified length. The three indicators — ADX, DI+, and DI− — are plotted in the lower chart panel, providing traders with visual cues about the trend’s direction (DI+ and DI−) and strength (ADX).
Important Notice:
The use of technical indicators like this one does not guarantee profitable results. This indicator should not be used as a standalone analysis tool. It is essential to combine it with other forms of analysis, such as fundamental analysis, risk management strategies, and awareness of current market conditions. Always conduct thorough research.
Note: The effectiveness of any technical indicator can vary based on market conditions and individual trading styles. It's crucial to test indicators thoroughly using historical data before applying them in live trading scenarios.
Disclaimer:
Trading financial instruments involves substantial risk and may not be suitable for all investors. Past performance is not indicative of future results. This indicator is provided for informational and educational purposes only and should not be considered investment advice. Always conduct your own research before making any trading decisions.
Indicatori e strategie
Skull TradingThe Skull Trading Indicator is designed to help traders identify potential buy and sell opportunities based on the crossover of two Exponential Moving Averages (EMA). This indicator also integrates adaptive exit signals to lock in profits based on a customizable percentage threshold.
MB 3ST+EMA+StochRSI Martin Buecker 16.01.2025Short Description of the Indicator "MB 3ST+EMA+StochRSI Martin Buecker 16.01.2025"
This trend-following and momentum-based indicator combines Supertrend, EMA 200, and Stochastic RSI to generate buy and sell signals with improved accuracy.
1. Key Components
Supertrend (3 variations):
Uses three Supertrend indicators with different periods to confirm trend direction.
Buy signal when at least 2 Supertrends are bearish.
Sell signal when at least 2 Supertrends are bullish.
EMA 200 (Exponential Moving Average):
Buy signals only when the price is above EMA 200 (uptrend confirmation).
Sell signals only when the price is below EMA 200 (downtrend confirmation).
Multi-Timeframe Stochastic RSI:
Uses a higher timeframe Stoch RSI (default: 15 minutes) to filter signals.
Buy signal when %K crosses above %D (bullish momentum).
Sell signal when %K crosses below %D (bearish momentum).
2. Signal Generation
📈 Buy Signal Conditions:
✅ At least 2 of 3 Supertrends are bearish
✅ Price is above EMA 200
✅ Stoch RSI shows a bullish crossover (%K > %D)
📉 Sell Signal Conditions:
✅ At least 2 of 3 Supertrends are bullish
✅ Price is below EMA 200
✅ Stoch RSI shows a bearish crossover (%K < %D)
3. Visual Representation & Alerts
Supertrend Lines:
Green = Bullish, Red = Bearish
EMA 200: White Line
Buy/Sell Signals:
Green triangle (below bar) = Buy
Red triangle (above bar) = Sell
Alerts:
Notifies users when a buy or sell signal is triggered.
Background Coloring:
Green for Buy signals, Red for Sell signals
4. Purpose & Benefits
🔥 Combines trend (EMA 200, Supertrend) and momentum analysis (Stoch RSI) for better signal accuracy.
🔥 Works best in trending markets, filtering out false signals in sideways movements.
🔥 Suitable for scalping and day trading, providing clear and structured trade entries.
Best of Option Indicator - Manoj WadekarPlot this indicator for both CALL and PUT options and buy only when color of candle is YELLOW and above BLACK line.
Pivot and Golden Crossover Swing Strategy### Strategy Description:
This **Pivot and Golden Crossover Swing Strategy** combines moving averages and pivot points to identify potential swing trade opportunities. It is designed for traders who want to leverage momentum and key price levels in their decisions.
#### Key Features:
1. **Golden Crossover**:
- A long position is triggered when the short moving average (50-period by default) crosses above the long moving average (200-period by default).
- A short position is triggered when the short moving average crosses below the long moving average.
2. **Pivot Points**:
- Identifies recent high and low pivot levels based on a user-defined lookback period (default is 5 candles).
- Pivot points are used to determine entry levels and calculate stop-loss and take-profit targets.
3. **Risk Management**:
- Stop-loss levels are set relative to pivot points with a user-defined multiplier (default: 1.5x).
- Take-profit targets are based on the distance between moving averages, adjusted by a multiplier (default: 2.0x).
4. **Visual Indicators**:
- Moving averages are plotted on the chart for trend visualization.
- Pivot points are marked with triangle shapes for easy identification.
#### Use Case:
This strategy works well in trending markets where golden crossovers indicate momentum shifts. The pivot points ensure precise trade management, making it suitable for swing traders aiming to capture medium-term price movements.
Let me know if you'd like any further details or adjustments!
Macro+KZ (ICT concepts + HYRDRA macros)
This script will automatically highlight any time based sessions you like.
It will also showcase any macro times on your chart.
BB Scalp NAS100 1MTrades the Bollinger Bands with an RSI lookback and volatility limiter to limit consolidation trades
VIX vs VIX3M crossingDetects crossings between VIX and VIX3M.
VIX3M crossing below the VIX-line could be an indicator of rising panic in the market.
Intraday Momentum Strategy NoiseBands for SPY (v6)momentum strategy based on paper "Beat the Market",Zarratini 2024
It works with 5 minutes bar and SPY.
Intraday Momentum Strategy NoiseBands (v6)intraday momentum strategy good for SPY. Based on paper "Beat the market" Zarratini 2024
Works with 5 minutes bar.
LONG on 3min chart Bitget , Heikin Ashi candles, LogarithmicLONG on 3min chart Bitget , Heikin Ashi candles, Logarithmic
Intraday Momentum Strategy NoiseBands (v6)This indicator is intended to trade intraday momentum , using volatility bands noise.
It works best in 5-10 minutes frequency . It follows the paper "Beat the Market", Zarattini 2024
Order Flow VWAP chatGPTVWAP: El cálculo del VWAP se hace con la función ta.vwap(), que toma el cierre de cada barra para ponderarlo por el volumen de esa barra.
Bandas de VWAP: Este script también calcula bandas superiores e inferiores del VWAP usando una desviación estándar. Estas bandas ayudan a visualizar áreas de sobrecompra o sobreventa.
Opciones de visualización: Puedes activar o desactivar las bandas de VWAP con el parámetro show_bands.
Estilo y color: Puedes personalizar los colores, el ancho de las líneas y las bandas, según lo que prefieras para tu gráfico.
Daily Open LineIndicator Goal/Objective:
This is a Simple Code to show Daily Open Level in chart
This script plots a circle at the open price of the current day on the chart.
It marks the first bar's open price of each new trading day and
keeps the same value for the rest of the day until a new trading day begins.
It is only for analysis purpose only.
it is not a new indicator and can be replica of any other persons indicator.
The purpose of making indicator as an individual indicator is only for easiness.
MACD DEMA DEMİRHANMACD Demanın kesişim işaretlenmiş halidir.! Klasik Macd Dema diğer macd göre daha erken sinyal vermesiyle ünlüdür. Bu kodu tasarlayıp yatırımcılara daha etkin al ve sat kesişimleri belirleyip daha rahat ve konforlu analiz etme olanağı sağlamaktadır.
VIX vs VIX3M - TradingHoursAlertsDetects VIX vs VIX3M crossovers.
Crossovers that might happen outside rth will only be flagged if they persist into the next trading session.
CCI Buy Signal//@version=5
indicator("CCI Buy Signal", overlay=true)
// Inputs for CCI
length = input.int(14, title="CCI Length")
src = input.source(close, title="Source")
// Calculate CCI
cci = ta.cci(src, length)
prev_cci = ta.valuewhen(bar_index > 0, cci , 0)
// Buy condition
buySignal = (cci < -100) and (cci > prev_cci)
// Plot CCI
plot(cci, color=color.blue, title="CCI")
hline(100, color=color.red, linestyle=hline.style_dotted, title="Upper Threshold")
hline(0, color=color.gray, linestyle=hline.style_dotted, title="Zero Line")
hline(-100, color=color.red, linestyle=hline.style_dotted, title="Lower Threshold")
// Plot Buy Signal as Arrow
plotshape(buySignal, style=shape.triangleup, location=location.belowbar, color=color.green, size=size.small, title="Buy Signal Arrow")
VWMACD-MFI-OBV Composite# MACD-MFI-OBV Composite
A dynamic volume-based technical indicator combining Volume-Weighted MACD, Money Flow Index (MFI), and normalized On Balance Volume (OBV). This composite indicator excels at identifying breakouts and strong trend movements through multiple volume confirmations, making it particularly effective for momentum and high-volatility trading environments.
## Overview
The indicator integrates trend, momentum, and cumulative volume analysis into a unified visualization system. Each component is carefully normalized to enable direct comparison, while the background color system provides instant trend recognition. This version is specifically optimized for breakout detection and strong trend confirmation.
## Core Components
### Volume-Weighted MACD
Visualized through the background color system, this enhanced MACD implementation uses Volume-Weighted Moving Averages (VWMA) instead of traditional EMAs. This modification ensures greater sensitivity to volume-supported price movements while filtering out less significant low-volume price changes. The background alternates between green (bullish) and red (bearish) to provide immediate trend feedback.
### Money Flow Index (MFI)
Displayed as the purple line, the MFI functions as a volume-weighted momentum oscillator. Operating within a natural 0-100 range, it helps identify potential overbought and oversold conditions while confirming volume support for price movements. The MFI is particularly effective at validating breakout momentum.
### Normalized On Balance Volume (OBV)
The white line represents normalized OBV, providing insight into cumulative buying and selling pressure. The normalization process scales OBV to match other components while maintaining its ability to confirm price trends through volume analysis. This component excels at identifying strong breakout movements and volume surges.
## Signal Integration
The indicator generates its most powerful signals when all three components align, particularly during breakout conditions:
Strong Bullish Signals develop when:
- Background shifts to green (VWMACD bullish)
- MFI shows strong upward momentum
- OBV demonstrates sharp volume accumulation
Strong Bearish Signals emerge when:
- Background turns red (VWMACD bearish)
- MFI exhibits downward momentum
- OBV shows significant volume distribution
## Market Application
This indicator variant is specifically designed for:
Breakout Trading:
The OBV component provides excellent sensitivity to volume surges, making it ideal for breakout confirmation and momentum validation.
Trend Following:
Sharp OBV movements combined with MFI momentum help identify and confirm strong trending conditions.
High Volatility Markets:
The indicator's design excels in active, volatile markets where clear signal generation is crucial for decision-making.
## Technical Implementation
Default Parameters:
Volume-Weighted MACD maintains traditional periods (12/26/9) while leveraging volume weighting. MFI uses standard 14-period calculation with 80/20 overbought/oversold thresholds. All components undergo normalization over a 100-period lookback for stable comparison.
Visual Elements:
- Background: VWMACD trend indication (green/red)
- Purple Line: Money Flow Index
- White Line: Normalized OBV
- Yellow Line: Combined signal (arithmetic mean of normalized components)
- Reference Lines: Key levels at 20, 50, and 80
## Trading Methodology
The indicator supports a systematic approach to breakout and momentum trading:
1. Breakout Identification
Monitor for background color changes accompanied by significant OBV movement, indicating potential breakout conditions.
2. Volume Surge Confirmation
Examine OBV slope and magnitude to confirm genuine breakout scenarios versus false moves.
3. Momentum Validation
Use MFI to confirm breakout strength and identify potential exhaustion points.
4. Combined Signal Analysis
The yellow line provides a unified view of all components, helping identify high-probability breakout opportunities.
## Interpretation Guidelines
Breakout Confirmation:
Strong breakouts typically show alignment of all three components with notable OBV surge. This configuration often precedes significant price movements.
Trend Strength:
Continuous OBV expansion during trends, supported by steady MFI readings, suggests sustained momentum.
## Market Selection
Optimal Markets Include:
- High-beta growth stocks
- Momentum-driven securities
- Stocks with significant volatility
- Active trading instruments
- Examples: TSLA, NVDA, growth stocks
## Version Information
Current Version: 2.0.0
This indicator represents a specialized adaptation of volume-based analysis, optimized for breakout trading and momentum strategies in high-volatility environments.