CCI45/SMA50 indy for 30 min SP500SPCFD:SPX
The script determines entry points using 45 period CCI and 50 period SMA.
Long condition: When CCI crosses up 150 treshold while price above 50 period SMA
Short condition: When CCI crosses down -150 treshold while price below 50 period SMA
Trades are executed above/below 1 point of high/low for long/short positions. Stops are just 1 point below/above of SMA. After 4 points of profit stops should be tightened. If you do not plan to hold the position for a long time, it can produce quick profit within 5-6 bars namely 2.5-3 hour. Otherwise you can manage the trade using SMA as trailing stop. This can be treated as a strategy of scalping which turns out a trend trading eventually if conditions good.
Have a nice trading
Scalping
Hourly Scalp Engine◆ Purpose of this Script
The Hourly Scalp Engine (HSE) is designed to show scalp long opportunities on lower timeframes (H, 2H or 4H) based on a Fibonacci-valued MA-like structure. It was tested for Bitcoin and Ethereum, with the 2H timeframe seemingly giving the best test results. The chart shows a few instances where the price crossed below the HSE to trigger an entry (marked manually with arrows).
◆ Settings
Default scaling input (10.6) is tuned for Ethereum (ETH/USD) on Kraken.
Scaling input for Bitcoin (XBT/USD) on Kraken: 10.4.
Reasonable timeframes: H, 2H, 4H. Recommended timeframe: 2H.
You should probably set an alert for when Price crosses under the HSE.
◆ Instructions
As this is purely a scalp engine (and not feasible for long-term trades), the instructions have to be followed precisely for intended functionality:
As soon as Price crosses below the HSE, contemplate if you want to scalp, i.e. check current price, other indicators and market conditions. If yes, enter a scalp long. Do not enter the trade if : price has crossed above the HSE already and sits more than 1 % above it, or the down-wick was so deep and quick that it already retraced 10 % to the upside from the wick low (even if price is still below the HSE). In both cases it might be too late to enter.
Watch the 2H candle, at which you entered the trade, closing. Draw a 10 % price range from the wick low to the upside. The range high is your exit point. Set a take profit trigger there. Set a stop loss slightly below the wick low.
Observe the price action for the next 6 hours (i.e. the next three 2H candle closes). If price bounces up and hits the target, you exit with 10 % gains. If price hasn't moved to the target after 6 hours, close the trade at current price. If the stop loss should be hit in the meantime, you will have closed the trade automatically. The 10 % gain as a target was chosen because it seems to be hit very often, while higher targets are not reliably hit.
◆ Example Trade
Shown below is an example trade with correct drawing of the 10 % price range.
◆ Viability
From backtesting this should be a viable strategy for most instances where the HSE is crossed. However the HSE is not as hard as a boundary as e.g. the Confidence Bands (also published by DeanTrader), so that price can and will sometimes breach through (= close below) the HSE (as e.g. in the case of the March 2020 black swan event). Still even there a profitable trade could have been performed on the first bounce dependent on actual entry, although more risky due to very high volatility. Before using the HSE please make yourself familiar with the price action history of the considered asset and review the instances where the price crossed below the HSE in connection with the rules laid out in "Instructions" to understand the system and how to execute the trades. Also note that scalp trades are generally harder to perform than slower-paced swing trades, as timing becomes much more important and noise becomes relevant.
◆ Access
For access to this indicator please contact me via DM on TradingView or on Twitter (linked on my TradingView profile and in my signature).
AltTrader Scalp & SwingPLEASE READ THIS DESCRIPTION TO SAVE TIME AND UNDERSTAND WHAT THIS INDICATOR DOES
Hello Tradingview World!
It is us, AltSignals, and we're back after many months of working on a new indicator script for anyone to try! Just message us and we will add you to test it out, all feedback is highly appreciated as we're always trying to improve the script.
This script was designed for Cryptocurrency pairs as we know how much you guys love crypto! However it will work on other markets. The AltTrader script uses various indicators in conjunction with each other but the most prominent one is ATR! ATR is truly a secret indicator that many people do not incorporate into their trading strategy, but I have found it to be a great tool for finding trends and predicting tops!
I have made sure to include Take profit 1, Take profit 2 and Stop loss options for AltTrader, this means you can adjust the settings based on percent, make sure to use the measure tool in TradingView if you need to find out the percentage gap of a move. Generally with Crypto pairs the percent moves will be more so 1-5% and with forex much smaller 0.1-0.5% for example.
I have also added in a Power setting which allows you to increase or decrease the number of alerts, the default is set at 100, but you can do it as low as 1 and as high as 500 or more. But remember too many alerts is a curse and over trading may be detrimental to a users performance!
This indicator was designed to work in both small and high timeframe scenarios allowing you to catch small scalp moves and large trend moves, my personal favourite timeframes 15m and 1hr for lower timeframes and 4hr to 1D for higher timeframes. I know it can be tempting to use a low timeframe like 1 minute but there will be a lot of choppy indirection. You don't want to be sitting there all day trading, jumping in and out of every move there is.
I hope this has cleared up some questions for the indicator and I will be happy to answer more over Tradingview Private Messenger if needed. Please message me if you would like a trial as I am looking for feedback as well.
Thank you
AltS Team
MAC Trader V2.0 [VK]This script is based on a very simple and affective strategy. Usable for scalp, Trend, Swing, positional Trading. Works on all types of markets(Crypto, Stocks, Commodity, Forex, etc) and symbols.
About The Indicator :
The three lines(Grey upper, Red Mid, Grey Lower) moving with the price direction is Moving average channel (MAC) Which is used to determine the Market Direction. Buy/Sell signals are plotted on RSI Oversold/overbought Which is used For Entries. Small Red Line plotted below the Buy/Sell Signals is Stop loss and The Dotted lines in Green, Grey and Red are the take profit lines.
How to use :
Buy When Buy Signal, Sell When Sell Signal (Entry only After Candle Close). Use The red line below/above signals for Stop Loss. Green Red dotted lines to take profit targets, move your stops above/below as targets hits.
Functions :
Moving Average Channel (MAC) For Direction
RSI for entries
ATR for stops
Support/Resistance Lines to Take Profits
Color candles When Price Above/Below MAC
Additional Feature :
Chop Signals for Scalping/continuation/Mid Entries - This feature can be turned on in the indicator settings Which will plot B/S signals for entries.
TIP : Use MAC input 34,48 for low volatile markets (Indices, Gold , etc)
Scalping using RSI 2 indicator with TP and TSLThis study implements a simply scalping using the RSI (calculated on two periods), the slopes of two MAs (EMA or SMA) having different lengths (by default, I use 50 and 200).
A take profit (%) and a trailing stop loss (%) are used.
Entry conditions:
.) Fast MA > Slow MA and Price > Slow MA and RSI < Oversold Threshold ------> go Long
.) Fast MA < Slow MA and Price < Slow MA and RSI > Overbought Threshold ------> go Short
Exit conditions:
.) Long entry condition is true and (close >= TP or close <= TSL) ----> close short position
.) Short entry condition is true and (close <= TP or close >= TSL) ----> close long position
The strategy performed best on Bitcoin and the most liquid and capitalized Altcoins but works excellent on volatile assets, mainly if they often go trending.
Works best on 3h - 4h time frame.
There's also an optional Volatility filter, which opens the position only if the difference between the two slopes is more than a specific value, which can be set in the study inputs. The purpose is not opening positions if the price goes sideways and the noise is way > than the signal.
Note:
.) the RSI length is 2;
.) the oversold Threshold is 90%;
.) the overbought Threshold is 10%;
.) by default, the take profit per cent is 0.5%;
.) by default, the trailing stop loss per cent is 0.5%;
.) by default, the fast MA length is 50;
.) by default, the slow MA length is 200;
.) by default, the MA used is EMA.
Cheers.
MRC Trend Trader [VK]MRC Trend Trader one of the best indicator by VK. Usable for Trend, Swing, positional Trading. Works on all types of markets and symbols, Best To use in Time Frame Higher Than 30m
About The Indicator :
This indicator uses MACD to scan the Trend Based on Higher TF and RSI+CCI for entries . It also has the ability to plot MACD crossing signal line in higher TF, plotted on the bottom of the chart and ATR is used for Stop Loss, plotted below Signals. One of the best function of this indicator is support/resistance levels, dot lines plotted on the chart, Which can be used to Take Profit as targets.
How To Use :
The main strategy behind this indicator is to only Long When Background Trend is green and only Short when Background trend is red . Enter on B/S Signal close.
Functions :
- MACD to scan Trend and MACD cross on Multi Time Frame.
- RSI to find lower Buy entry and Higher Sell entry (MTF - Only use current TF or Lower).
- CCI to find continuation entries (More Signals).
- Stop Loss.
- Support and Resistance Levels (Take Profit Targets).
This indicator is set up keeping Money management as one of the main priority, Keep taking profits on targets and always move Stop Loss to Breakeven Once in Profit.
PM for access.
TM24_SCALP_TOOL_SPECIALTM24_SCALP_TOOL_SPECIAL helps to identify following Things for Intraday-Swing Position on 1- 5 Minutes + timeframe along with Trend, Support , resistance , reversal and Breakout levels.
1. Market Trend (Different Timeframe)
2. Price Direction
3. Area of Support & Resistance
4. Price Momentum
Terminology Use ==> Red for downtrend and green for uptrend on that timeframe
Display and Interpretation ==> Buy Sale Signal with breakout 1-2-3-4-5 for different time frames.
any value signal ending with * shows breakout of support/ resistance and value signal starting with * shows entry to a momentum zone.
Use market structure, chart pattern, trend lines for more support..
Time frame ==> Use proper Signal with 60 minute or daily time frame
What to Identify ==> Overall Trend for the Swing
How to Use ==>
See how and order buildup is seen and current order position. Also area for volatility and expected movement in price direction
Note: - Use market structure, chart pattern, trend lines and price action parameter for more confirmation.
Entry ==>
Let’s wait the proper area of support or resistance ( Area of Value in case of trend pattern use)
Exit ==>
SL of swing high/low out of market structure with proper risk management and target with proper Risk/ Reward Ratio
Use the Below Contacts to Access this Indicator
OH2B Trading Indicator Ver2.0OH2B TRADING INDICATOR
The OH2B Trading Indicator is an indicator built for beginners.
It gives you entry points for BUY and SELL based on Trend Channel and Ema-Crossover.
It also gives you EXIT POINTS for taking profits based on the Average Directional Index and Relative Strength Index.
TRADING WITH OH2B INDICATOR
The OH2B Trading Indicator gives you entry points for BUY or SELL .
When the ema1 crosses above ema2, the trend channel will be painted GREEN in color, and a BUY signal will appear. = BUY
When the ema1 crosses below ema2, the trend channel will be painted RED in color, and a SELL signal will appear. = SELL
When a BUY or SELL signal appears on the chart, don't rush into any trade.
Please allow a few hours for confirmation of signals .
After confirmation, it is suggested to enter 50% first and another 50% near the Trendlines .
After entering a trade, please remember to set a stop-loss alert of an opposite signal.
To TAKE PROFIT , please follow the Triangles indicated on the chart
RED Triangles are the Take-Profit targets for the BUY (long) signal
GREEN Triangles are the Take-Profit targets for the SELL (short) signal
*After taking profit, please set a Stoploss to at least break-even level to protect your profits.
Often the price goes to the Trendlines after the signal, so keep some funds to increase the position or even open all position near the Trendlines , or use it for re-enter with SL after you closed position on TPs.
Setting alerts for Trade
Remember to set an alert so that you won't miss any opportunity.
TradingView will notify you immediately when a new signal pops up on the chart.
Tips for the beginners:
Recommended using the indicator at 1H - 2H Timeframe .
Recommended using the indicator for Spot Trading at both Crypto and Stock Market.
Do not use leverage above 5x.
No more than 5% of the deposit in one trade.
Do not rush into any trade when a new signal pops up, please allow a few hours for confirmation of signals.
Multi-Timeframe Stoch RSIGood evening folks!
Today I want to share with you a simple variant of the Stochastic-RSI built-in indicator.
Nothing too complex: by enabling the relative checkbox and setting the desired (k, d or the RSI ) source and timeframes, you can see higher timeframes data plotted on your screen.
Everything you need to do is enabling the indicator on the lowest timeframe (in this case 15 minutes), then you will see in YELLOW the information retrieved from the next higher timeframe (in this case 30 minutes) and in RED the information retrieved from the highest timeframe (in this case 45 minutes).
IT'S IMPORTANT THAT YOU DISPLAY THE INDICATOR ON THE LOWEST TIMEFRAME!
You can play with the overbought and oversold heights in order to have the best configuration you want (in oversold conditions is suggested to buy while in overbought conditions is suggested to sell)
The higher timeframes data are retrieved avoiding repainting since the method used for taking them is the 10th method described in this PineCoders Article , so, if you want to enable alerts, you SHOULD ignore the disclaimer message related to it without any problem.
Good Trading!
TMA + OSMA Scalping SystemSystem is based on TMA Bands + OSMA + EMA Zone. Signal is generated when:
- price recently touched lower or upper band
- price is crossing EMA Zone
- OSMA is aligned in direction of trade to be taken
Natural Target would be opposite band set by TMA.
SwingScalpin MA'sDefault
HMA's + Trend Signals
Default SMA's
ALMA
BarColoring
The idea behind this script was to incorporate a few different moving average types into 1 indicator so multiple trading strategies could be implemented depending on Price Action. This indicator includes 3 HMA's, 2 user defined EMA/SMA's, 1 ALMA (which also is used for the bar coloring), and Trend signals at the bottom of the chart (which are defined by the 1st MA). By default all of the Moving Averages are set to false because they aren't meant to be used together unless you so chose to. The only feauture initially being shown are the Trend signals at the bottom of the screen.
HMA's - The default lengths for the HMA's are 7, 14, and 21.
This is not Financial Advice nor am I saying this works all of the time but here are a few examples of how I've traded the HMA's... OF course thid depends on overall PA but the idea is to enter and exit when all
three HMA's turn Green or Red...
For quicker entries and exits, you could enter when the Fast HMA crosses the Medium HMA and exit when the it crosses back over/under the Medium HMA.
For more of a swing trade and when there's definitely an established trend, I would stay in the trade until Fast HMA crosses under the Slow HMA, otherwise it might just be a normal retrace prior to making another move up.
When PA is ranging but not really trending in either direction, I'll use the Slow HMA as somewhat of a Trailing SL.
The 2 user defined moving averages can either be an EMA or SMA. The 1st MA is set to the 200 SMA by default, which also triggers the Trend signals at the bottom of the chart. The 2nd MA is set to the 6 SMA by default.
The ALMA is set to 50 by default, which is also used for the bar coloring. Lastly, all of the MA's change color depending on the trend.
BINANCE:YFIUSDTPERP Fee FinderUtilizes common maker/taker fees that traders pay on Binance to create scalping price levels.
Options to configure are changing the colors.
The determinant factor in setting the price levels is a custom built 33 minute derivation of price.
This is able to be done with YFI specifically because the MM on it knows you are using x50. If you decide to use x50, this clearly shows that:
You need to catch the absolute top or bottom for scalping for maximizing profit with regards to fees
BNB for fee reductions for trading is essential
Price action is not directional; it is not choppy; it is an algorithm that is able to execute at <1 second intervals to take your money
[RS]MACD Divergence V1This oscilator was created by Ricardo Santos using MACD's histogram as the series to find low and high fractals and from there find and plot divergences.
I just modified it a little bit to make it to look more like the MACD public library indicator and use the actual MACD series (instead of the histogram) to find the fractals and from there plot divergences.
I did this to make it easier for me and other fellow students of a Forex school where we use these type of divergences to find patterns.
TFi Pivot Reversal V3The Pivot Reversal Study uses pivot points to create a support and resistance level; based on this levels the script creates virtual stop-market orders to catch the trend if the price is crossing the pivot lines.
A "Pyramiding" input allows to configure up to 3 entries; the script enters an additional position if the price falls by a configurable percentage amount (long), the reverse to short orders.
A configurable profit-target and stop-loss is being used to exit an open position.
An optional Moving Average filter can be used to enable only long or short positions.
The script renders a status box at the last bar, which shows the current position status and result of the built-in trading simulation results.
It shows the following statistic values:
current position PnL - also background turns green if position is in profit and red if in loss
the percentage distance to the profit-target and stop-loss level
the overall number of wins and losses and the win/loss ratio
the overall profit and loss amount (assuming a quantity of 1)
the net-profit and profit-ratio
For the correct simulation of entry/exit prices, the script contains inputs for a percentage entry and exit slippage.
The study also creates configurable alerts, which follow the exact position of the entry/exit markers. The default alert messages contain trading instruction to execute orders via Alertatron; but the message content can be replaced if configuring the alert in the Tradingview environment.
The script was mainly backtested with crypto-coins, e.g. XBTUSD at 15min timeframe. But the script also works with any other type of security and timeframe.
How to access
This strategy is a "Invite Only" script. You can can subscribe or purchase the strategy; please use the link below or send me a message via Tradingview to obtain access to the strategy and study script.
For enabling the script in your Tradingview chart window, click on "Indicators" and select "Invite-Only Scripts".
Full list of alerts
'Alertatron Exit' ... Exit all open positions.
'Alertatron Enter Long' ... Enter long position, w/o stop-loss being used.
'Alertatron Enter Short' ... Enter short position, w/o stop-loss being used.
'Alertatron Enter Long SL' ... Enter long position, w/ stop-loss being used.
'Alertatron Enter Short SL' ... Enter short position, w/ stop-loss being used.
Full list of parameters
"Pivot Left Bars" ... Number of bars on the left of the pivot point - used for pivot /peak detection.
"Pivot Right Bars" ... Number of bars on the right of the pivot point - used for pivot /peak detection.
"MA Filter Fast" ... Moving Average filter fast period.
"MA Filter Slow" ... Moving Average filter slow period.
"Profit Target Option" ... Configure the profit-target either as a fix percentage value or an ATR.
"Profit Target " ... Fix percentage profit-target.
"Profit ATR Period" ... ATR profit-target period.
"Profit ATR Factor" ... ATR profit-target factor/multiplier.
"Stop Loss Option" ... Configure the stop-loss either as a fix percentage value or disable the stop-loss completely.
"Stop Loss " ... Fix percentage stop-loss.
"Rebuy Loss " ... Percentage loss of the initial position before script enter a nw position in the same direction.
"Pyramiding" ... Maximum number of positions.
"Show MA Plots" ... Show/hide Moving average plots.
"Slippage Entry " ... Percentage slippage for entering a position.
"Slippage Exit " ... Percentage slippage for exiting a position.
"Statistic Label" ... Defines the position of the statistic label relatively to the last bar in the chart.
"Backtest Start" ... Backtest start time; area outside this timeframe will be grayed out.
"Backtest Stop" ... Backtest stop time; area outside this timeframe will be grayed out.
"Backtest Mode" ... Closes the currently opened position if chart switches to last bar; please only enable if backtesting, otherwise it leads to unwanted alerts.
William %R Scalper for GoldWilliam %R Scalper or WPR Scalper tool is used with small time frame : 5 , 3 or 1 minute, it uses two different William %R indicators : one for fast move with 9 period WPR9 and one slow with 54 period WPR54. You can find buy zone when WPR9 < -90 and WPR54 < -80 and sell zone when WPR9 > -10 AND WPR54 > -20. For experience user only you can adapt the two periods and threshold levels to your need. You can use only WPR9 to place trade and validate trend with WPR54.
Pro Algo Scalping/DT/ST No Repaint/No Lagging by@ProKingTV This is a bar-by-bar trading signal system for scalping, day trading or swing trading on all time frames. It generates ONE signal(buy/sell or long/short) for the most of important bars and candles with no repaint and no lagging.
How does it work?
* Defines all support/resistance(S/R) levels based on floor trader’s pivot points and my own S/R levels.
* Calculates the trend/reversal signals, price reactions close to all above S/R levels.
* Generates one trading signal: buy/long or sell/short based on all combined factors.
What are the signals?
* Blue Arrow signals are bullish
* Pink Arrow signals are bearish
How to use?
* Blue Up Arrow : Buy(Long) or continuous Buy(Long)
* Pink Down Arrow : Sell(Short) or continuous Sell(Short)
* Increase time frame to reduce signal noises, but will generate less trading opportunities.
* There is no way to filter all noises even with higher time frame, all the trades must have a stop.
* This indicator is highly sensitive to a price change and reversal signals will be generated immediately.
How to access?
* PM me to obtain access
* 10 day Free Trial is available
Zeta ScalperWhat is Scalping?
Scalping is a trading strategy aimed at profiting from quick momentum in a volatile index or stock.
Traders who use such strategies place anywhere from 10 to a few hundred trades in a single day.
The idea behind such type of trading is that small moves in an index or stock price are much easier to capture than the larger moves.
Traders who use such strategies are known as scalpers. When you take many small profits a number of times, say 10 points scalped 20 times per day, they can easily add up to large gains.
An Option Buyer's Biggest Enemy is Time Decay and when you scalp, you do not allow the time decay to eat your Option Premium as your Entry and Exit is often quick enough.
What is Zeta Scalper?
Zeta Scalper indicator is a momentum based indicator which tries to detect momentum based upon a number of Candle Stick Patterns.
When it thinks a move has the potential to turn into a big move, it generated its Buy/Sell Signals.
It is a well known fact that actual drivers of the market are Big Institutions, Mutual Funds & Big Guys with deep pockets.
They have large amounts of money to invest and they buy & sell in bulk.
When they buy, often their objective is to buy at lower levels (below average price of the day) & when they sell they sell at higher levels (above average price of the day).
Zeta Scalper seeks to detect this activity. When aggressive buying or selling starts where Buying & Selling Forces become unequal, the Price starts moving in one direction with candles making Higher Highs or Lower Lows.
Zeta Scalper detects these Higher Highs or Lower Lows and generates Buy or Sell signals when this happens.
In order to use this indicator, simply deploy this on your chart, and wait for Buy/Sell signals.
It works on all time frames including 1 min. 3min. 5min. & 10min. etc.
When a Buy Signal is followed by Sell signal (let it be after 3 - 4 candles or after many candles) or vice-versa, you have to switch your position to make most of the reverse move.
It is a general purpose indicator and may be used on stocks, commodities and currencies alike and is not meant for any specific market.
How to Take Buy/Sell Entry with Zeta Scalper?
Whenever you see a Buy Signal, mark its closing price with a horizontal line and as soon as a candle breaks this candle's High, it is time for you to take Entry.
Your STOP LOSS could be just 0.5% below your Entry Price, hence, no big loss even if things go wrong.
Keep moving your STOP LOSS up as the price moves in your favour and when market turns around and you see a SELL signal, it is time to book your BUY position profit and take Entry on SELL Side now and so on.
How to get this indicator?
This is invite-only indicator. Get in touch with us using information given below in Signature field to try this tool FREE.
Delorean Helper by MrTuanDoanThis is a helper indicator for Delorean strategy by Tyrone Foster a.k.a Vector King.
Delorean is a scalping strategy based on EMAs.
EMA 5/13/50/200/800 followed by yellow/red/aqua/gray and blue color
Delorean use 5/13/50 EMAs for short term trend (Scalping).
And 200/800 EMAs for long term trend.
We aim for the EMA 5/13 cross over/under (a.k.a Shift) for scalping in London Session.
We will decide the quality of the shift based on the much the market moves in Sydney & Tokyo sessions (a.k.a The A Range).
The A Range is calculated from 9AM-5PM AEDT (Sydney time).
v0.1 features
Draw Delorean's EMAs template
Show SHIFTS signals (green/red arrows)
Show "The A Range" info
Fully custom color and style
How to use The A Range
Only look for SHIFT signals when Range Size less than 50 pips
Only look for SHIFT signals when market creates false break out on the A Range
How to use SHIFT signals
Green arrow for BUY
Red arrow for SELL
Please always follow your risk management.
[astropark] Auto Fibonacci Retracement ExtensionDear followers,
today a new analysis tool for day trading, scalping and swing trading: Automatic Fibonacci Retracements and Extensions drawer!
It works on every timeframe and market, as it simply draws automatically most important fibonacci levels on the chart.
Based on the analysis window set (default 100 bars, but you can edit it as you like), it finds recent high and low and start drawing the following levels:
recent high and low (black)
golden retracement range: 0.5 * 0.618 * 0.705 fibonacci retracements (gold)
fibonacci extensions range above 1: 1.272 * 1.424 * 1.618 * 2.618 * 4.236 (blue)
fibonacci extensions range below 0: -0.238 * -0.618 * -0.706 * -1(fuchsia)
Whenever the indicator finds a new high or a new low, al fibonacci levels are re-draw automatically.
The indicator will let you:
change analysis window
enable displaying labels related to current fibonacci levels and/or prices
change colors
show/hide each specific level
How to use the indicator?
Basically, all techniques which apply to fibonacci tool are valid here too.
After a big move up or down, a new high or low is created and a retracement is expected: if trend is strong, retracement to golden ration 0.618 will be a perfect spot for buy or sell respectively in order to continue riding the trend.
In general a bounce is always expected when price hit 0.618 retracement , good to know for scalping traders, while swing trades will continue holding the trade for higher profits.
If the golden retracement range (0.5 - 0.705) is broken and then retested from the other side, a continuation move is expected towards previous high/low (fib level 1) and even more towards the fibonacci extensions range above 1 (1.618 - 2.618 - 4.236).
If the base of bounce and trend continuation on golden retracement range, traders can expect
price to hit again previous high/low and
if trend is strong, a consolidation near the previous high/low range (conditions that are respectively bullish and bearish)
do a further continuation towards -0.618 fib level range
Traders must always understand that
the higher the timeframe, the stronger is the meaning and so the reaction when a specific fibonacci level is hit
don't trade blindly, try to find confluences to have an higher chance to be in a winning trade in near future
money and risk management are very important, so manage your position size and always have a stop loss in your trades
As said, this indicators work on every timeframe and in all markets (Crypto currencies, stocks, FOREX, indexes, commodities). Here some examples:
BTCUSDT 1D: after a long run, a retracement is expected and a bounce at 0.618 golden level is more than obvious: perfect short (sell) entry
BTCUSDT 1D: again as previous example, after a long run, a retracement is expected as well as price's bounces back above
EURUSD 1h: lots of info here, directly in the chart below:
bounces on 0.618 golden zone
double top
price breaks 0.618 level and retests it from below targeting previous low
double bottom and bounce back towards golden zone
bearish consolidation at recent low and further decline towards 1.618 fib extension
AMZN 1h stock: lots of info here too, directly in the chart below:
new high is print, price retrace to golden zone
bounces on 0.618 golden zone
price breaks 0.618 level and retests it from below targeting previous low
double bottom and bounce back towards golden zone
rejection at golden zone, price falling targeting previous low again and probably 1.618 fib extension
price breaks hard previous low and hits fib extension range below recent low
price retraces back up towards new golden retracement range
golden retracement range is broken and used as support: targets are previous high and 1.618 extension
once 1.618 extension level is broken and retested successfully as support, price moves towards 2.618 fibonacci extension level
SPY (SPX500) index: lots of info in the chart
interesting to note that March 2020 huge dump can be totally mapped as a series of fibonacci level bounces, so you understand the importance of riding a trend now, right?
after the low was formed, price retraced perfectly to golden ration 0.618
each time price hit a golden level/range, it retraces creating double top and double bottom configurations too
In the chart below we can see the power of the double bottom at golden retracement level: targets are previous high and -0.618 fibonacci extension level
XAUUSD 15m: as we are in a lower timeframe, the default analysis windows has been reduced to 50.
What can we see here:
golden retracement and price is rejected towards previous low
golden retracement hit and price bounces back lower
new high is formed: golden retracement hit and price bounces back higher
price break previous high and hits fibonacci extensions -0.618 and -1
price continues rising forming a regular bearish divergence with RSI
once uptrend is broken, price falls dramatically
first target is 0.618 retracement level, where you see a very small retracement due to strength of sellers
second target is previous low, which is broken and retested many time from below (bearish retest)
third target is fibonacci extension range (in this case 1.414 is almost hit)
as an hidden bullish divergence with RSI was created, price goes back up
This is a premium indicator , so send me a private message in order to get access to this script.
Cyatophilum Scalper [ALERTSETUP]This indicator comes with a backtest and alert version. This is the alert version. Its purpose is to create low timeframe and scalping strategies, by choosing from a list of built-in entry points which are described in detail below, and by configuring a risk management system to your liking.
Before diving into the entry points, I will explain the strategy and risk management settings.
These 3 settings allow to choose your strategy direction, and main behavior.
- Go Long ↗: activate or deactivate long entry points.
- Go Short ↘: activate or deactivate short entry points.
- Reversal strategy ↗↘↗↘: Activate this option will allow trades to reverse position from an opposite entry point. Keep it deactivated and trades will either wait a TakeProfit(TP) or StopLoss(SL) to be closed. When neither SL nor TP or set, this option is automatically activated.
StopLoss settings:
Both Long and Short SL can be activated and configured.
The base % price is the starting point of the stoploss, in a percentage of current price.
Trailing stop, when activated, works with 2 settings:
- % Price to Trigger: a percentage of current price the price should move in a bar to trigger a trailing movement.
- % Price Movement: the stoploss variation in a percentage of current price that moves on each bar.
TakeProfit settings:
Both Long and Short TP can be activated and configured.
The base % price is the value of the TP, in a percentage of current price.
Trailing Profit Deviation %: Percent deviation for the trailing take profit.
DCA:
DCA stands for Dollar Cost Average. The idea is to open additional orders from the base order so as to improve risk management.
These additional orders are also called Safety Orders. The indicator can handle up to 9 safety orders.
The strategy will exit either from a take profit based on percentage from base order or from a total volume percentage (Configurable in the parameters).
The steps spacing (space between each step) and safety orders volume (order size) can both scale by adding a scale multiplier.
By choosing from the base strategy dropdown menu, the indicator will generate entry points.
1. BUY SELL:
-> Low timeframes spot trading, with simple buy and sell orders.
How it works:
The indicator used is a combination of QQE (Atr based trend following indicator) and RMA 100 trendline.
I think the QQE does a great job in low timeframes because it is not impacted by the noise.
The RMA which is the moving average used in the RSI, will help giving confirmation to the entry points.
How to use:
It is meant to be used as a reversal strategy, but you can add a TP or SL if you want.
When comparing to Buy & Hold, make sure to deactivate the "Short results in the backtest" setting.
2. TREND SCALPING
-> A strategy for low timeframes trading.
How it works:
The strategy creates high volatility entries filtered by a duo convergence of adaptive trendlines (Adaptive HULL MA using the chart's resolution, Adaptive Tilson T3 using 1H resolution) and a higher timeframe (1H) RSI filter (long threshold: 70, short threshold: 40, RSI length: 10).
How to use:
Must be used on charts with a resolution smaller than 1H. Recommended: from 1m to 30m.
Must NOT be used as reversal strategy. Use it with a take profit and stop loss, and DCA if you can.
Sample risk management settings:
3. Support/Resistance BREAKOUTS
-> Trade low timeframes pivot points breakouts.
How it works:
The indicator calculates the 100 previous bars swing high and low. Any break above high or below low will trigger an entry point.
The entry is however filtered by an Adaptive Tilson T3 Trendline, an ADX 30 minimum threshold and a minimum average volume threshold.
How to use:
I recommend to click "Reversal" Strategy and set a Takeprofit target.
Find the best timeframe between 1m and 30m using the backtest version.
Example here with BTCUSDTPERP on 15m:
4. AGGRESSIVE SCALPING
-> Lots of trades in low timeframes.
How it works:
Created using Cyato AI, Higher/Lower Highs and Lows and 2 HULLMA crosses as entries, and 2 Adaptive Tilson T3 as trendfilter, a 25 ADX threshold filter and a volume filter.
How to use:
Recommended Risk Management settings: Takeprofit, Stoploss and DCA (Safety orders).
Find which timeframe work the best from 30 min and below. Should not be used above 30 min since this is the resolution for the MTF Tilson.
How to create Alerts:
Click Add alert, then select the indicator, and choose the alert for your order.
Most used alerts are "LONG ENTRY", "SHORT ENTRY" and "ALL EXITS".
You will find a description of each alert in the default alert message.
To gain access to this paid indicator, please use the link below.
Confluence of Indicators and Signals v1 skvWhy this script
This script will display the buy or sell signals received from indicators, super trend, adx, rsi, macd, sma, and floor pivots along with some tweaked calculations and fixed numbers. This is useful for beginners who want to study the signals and timing to practice. This script is created for educational purpose and can be used for intraday scalping with 5 minutes time frame only after the signals are understood clearly.
How to use
Strong Buy - when series of buy/long signals generated by indicators, bright green up arrow indicates momentum/strength
Strong Sell - when series of sell/short signals generated by indicators, bright orange down arrow indicates momentum/strength
Exits - use the pivot lines, or the RSI-LX, SX exit signals. Also combine with Bollinger Bands to understand the exit points.
Look for reversals at pivot resistance and support.
Disclaimer
1. Only for educational purpose
2. Intraday scalping strategies only and on 5 min timeframe
3. Do paper trade before using any information for actual trading
4. Not swing or positional trade
StableFork Indicator
StableFork Intraday Indicator
The Indicator makes us my experience of 16 years and applies my setup to the price action. The Indicator works on the crossover of 2 moving averages in conjunction with ATR and based on the nature of crossover gives an automated Buy or Sell Signal along with stop loss and profit booking targets. For ALGO trading purpose profit booking by default is set to a trailing system ( Trailing by 0.5%).
Features
Advanced Signal Bars
Clear Buy / Sell Signals on Charts
Clearly Mentioned Fixed and ATR Based Targets on the Charts
Clearly Mentioned Trailing SL levels on the Charts
Realistic Target Settings suitable to Intraday Trading
Risk Reward 1:2
Algo Trading Ready
Alerts are compatible for various webhook based alert services
Not a Holy Grail system
This is a premium invite only indicator, you can send us a DM to get access.
The client will get benefits of any future development or updates in the current code without any extra charges.
Trade Management
Trade Entry - The indicator keeps searching for setups that suit either a buy or a sell signal. One a condition is identified - the relevant alert is shown on screen and can be customized as an automated alert as well using TRADINGVIEW'S alert function.
Order Execution - Order is executed at the bar following the signal generation bar , this takes care of any false signals triggered by volatility as well. Trade is in motion from the start of the next bar keeping the original risk / reward in place. If the client is using the indicator for manual use , entry price and trade alerts can be hidden from the settings menu of the indicator.
Trade Management - After the order has been executed - the indicator keeps checking the price action for either profit booking or for triggering a new trade in case the trend analysis has failed. In the example quoted above, since it was a trending day , targets on both the long and short trades were achieved. On a range bound day or very volatile day performance of the indicator will be badly affected as the indicator merely follows price, its not the other way around.
Exit Triggers - The indicator will show you a pop up on screen to book profits in case the trade goes in the direction of the generated signal , for ALGO trading purposes profit booking on such trades will be on the trailing stop loss method. In case a user requires to exit at fixed targets only, default setting has to be chosen from the input settings menu of the indicator.
On Screen Information: The indicator shows the current signal and keeps plotting the target and trailing stop loss line along with extreme zone ATR zones for more profit booking. Depending on the risk profiling of the user, a user can chose where to book profits.
Guidelines on how to use the Indicator
The most stable time frame for stocks and index signal generation is 10 mins - in case you select a shorter time frame, the indicator is bound to give a lot of alerts
The most stable time frame for Commodities and Forex trading signals is 30 minutes.
The most stable time frame for Crypto Currencies trade signal generation is 45 minutes.
Disclaimer
I am not a SEBI Registered Analyst and shall not be liable for any profit, loss or liability resulting, directly or indirectly from the use and results of the Indicator.
I am a self taught trader and the indicator is the result of my hard of 16 years of price action analysis, and by no means have I established that this is the best strategy that can fetch you better returns than any other strategies. The Indicator follows price action, price action does not follow the indicator - This is not a Holy Grail setup, sometimes targets will be hit and sometimes the trades will hit stop losses as well.
Instructions to obtain access to this invite-only script
Send us a DM if you wish to gain access to the indicator
NIFTY Money Flow - Scalping/SwingBrief Description About Script
It considers the change of price in the direction
change of price is +Ve then considered as +Ve money flow
-Ve then considered as -Ve money flow
and it multplied by Volume change
This Strategy works best with NIFTY
For Scalping:-
Settings:- 1 Min Candle Time Frame, Length 20
For Swing:-
Setting:- 30 Min Candle Time Frame, Length 11
How to use it?
Common usage:-
Buy - When turns Red to Green Buy by keeping 1.5 * ATR as SL or Trailing SL(Optional) at the same time frame
Sell - When turns Green to Red SL by keeping 1.5 * ATR as SL or Trailing SL(Optional) at the same time frame
Trend reversal:-
Draw Divergence between indicator and price
Buy - Indicator forms Higher Highs(Red Side), Price Lower Lows
Sell - Indicator forms Lower Lows(Green Side), Price Higher Highs
Breakouts:-(Less Accurate compared to other scenarios)
End of Triangel/Box Indicator Turns Red to Green - Bullish Breakout, Green to Red Bearish Breakout
can use for breakouts chart patterns and guess which side it's going to break
can use for reversal as well by observing divergence between price & indicator
Note:-
In the future, an updated version is coming with it auto-generated buy/sell signal on the chart & gives backtesting results as a strategy
