BreakoutTrendFollowingINFO:
The "BreakoutTrendFollowing" indicator is a comprehensive trading system designed for trend-following in various market environments. It combines multiple technical indicators, including Moving Averages (MA), MACD, and RSI,
along with volume analysis and breakout detection from consolidation, to identify potential entry points in trending markets. This strategy is particularly effective for assets that exhibit strong trends and significant price movements.
Note that using the consolidation filter reduces the amount of entries the strategy detects significantly, and needs to be used if we want to have an increased confidence in the trend via breakout.
However, the strategy can be easily transformed to various only trend-following strategies, by applying different filters and configurations.
The indicator can be used to connect to the Signal input of the TTS (TempalteTradingStrategy) by jason5480 in order to backtest it, thus effectively turning it into a strategy (instructions below in TTS CONNECTIVITY section)
DETAILS:
The strategy's core is built upon several key components:
Moving Average (MA): Used to determine the general trend direction. The strategy checks if the price is above the selected MA type and length.
MACD Filter: Analyzes the relationship between two moving averages to confirm the trend's momentum.
Consolidation Detection: Identifies periods of price consolidation and triggers trades on breakouts from these ranges.
Volume Analysis: Assesses trading volume to confirm the strength and validity of the breakout.
RSI: Used to avoid overbought conditions, ensuring trades are entered in favorable market situations.
Wick filters: make sure there is not a long wick that indicates selling pressure from above
The strategy generates buy signals when several conditions are met concurrently (each one of them can be individually enabled/disabled)"
The price is above the selected MA.
A breakout occurs from a configurable consolidation range.
The MACD line is above the signal line, indicating bullish momentum.
The RSI is below the overbought threshold.
There's an increase in trading volume, confirming the breakout's strength.
Currently the strategy fires SL signals, as the approach is to check for loss of momentum - i.e. crossunder of the MACD line and signal line, but that is to everyone to determine the exit conditions.
The buy and SL signals are set on the chart using green or orange triangles on the below/above the price action.
SETTINGS:
Users can customize various parameters, including MA type and period, MACD settings, consolidation length, and volume increase percentage. The strategy is equipped with alert conditions for both entry (buy signals) and exit (set stop loss) points, facilitating both manual and automated trading.
Each one of the technical indicators, as well as the consilidation range and breakout/wick settings can be configured and enabled/disabled individually.
Please thoroughly review the available settings of the script, but here is an outline of the most important ones:
Use bar wicks (instead of open/close) - the ref_high/low will be taken based on the bar wicks, rather than the open/close when determining the breakout and MA
Enter position only on green candles - additional filters to make sure that we enter only on strong momentum
MA Filter: (enable, source, type, length) - general settings for MA filter to be checked against the stock price (close or upper wick)
MACD Filter: (enable, source, Osc MA type, Signal MA type, Fast MA length, Slow MA length, Low MACD Hist) - detailed settings for fine MACD tuning
Consolidation:
Consolidation Type: we have two different ways of detecting the consolidation, note the types below.
CONSOLIDATION_BASIC - consolidation areas by looking for the pivot point of a trend and counts the number of bars that have not broken the consolidation high/low levels.
CONSOLIDATIO_RANGE_PERCENT - identifies consolidation by comparing the range between the highest and lowest price points over a specified period.
So in summary the CONSOLIDATIO_RANGE_PERCENT uses a percentage-based range to define consolidation, while CONSOLIDATION_BASIC uses a count of bars within a high-low range to establish consolidation.
Thus the former is more focused on the tightness of the price range, whereas the latter emphasizes the duration of the consolidation phase.
The CONSOLIDATIO_RANGE_PERCENT might be more sensitive to recent price movements and suitable for shorter-term analysis, while CONSOLIDATION_BASIC could be better for identifying longer-term consolidation patterns.
Min consolidation length - applicable for CONSOLIDATION_BASIC case, the min number of bars for the price to be in the range to consider consolidation
Consolidation Loopback period - applicable for CONSOLIDATION_BASIC case, the loopback number of bars to look for consolidation
Consolidation Range percent - applicable for CONSOLIDATIO_RANGE_PERCENT, the percent between the high and low in the range to consider consolidation
Plot consolidation - enables plotting of the consolidation (only for debug purposes)
Breakout: (enable, low, high) - the definition of the breakout from the previous consolidation range, the price should be between to determine the breakout as successfull
Upper wick: (enable, percent) - defines the percent of the upper wick compared to the whole candle to allow breakout (if the wick is too big part of the candle we can consider entering the position riskier)
RSI: (enable, length, overbought) - general settings for RSI TA
Volume (enbale, percentage increase, average volume filter en, loopback bars) - percentage of increase of the volume to consider for a breakout. There are two modes - percentage increase compared to the previous bar, or percentage against the average volume for the last loopback bars.
Note that there are many different configuration that you can play with, and I believe this is the strength of the strategy, as it can provide a single solution for different cases and scenarios.
My advice is to try and play with the different options for different markets based on the approach you want to implement and try turning features on/off and tuning them further.
TTS SETTINGS (NEEDED IF USED TO BACKTEST WITH TTS):
The TempalteTradingStrategy is a strategy script developed in Pine by jason5480, which I recommend for quick turn-around of testing different ideas on a proven and tested framework
I cannot give enough credit to the developer for the efforts put in building of the infrastructure, so I advice everyone that wants to use it first to get familiar with the concept and by checking
by checking jason5480's profile www.tradingview.com
The TTS itself is extremely functional and have a lot of properties, so its functionality is beyond the scope of the current script -
Again, I strongly recommend to be thoroughly explored by everyone that plans on using it.
In the nutshell it is a script that can be feed with buy/sell signals from an external indicator script and based on many configuration options it can determine how to execute the trades.
The TTS has many settings that can be applied, so below I will cover only the ones that differ from the default ones, at least according to my testing - do your own research, you may find something even better :)
The current/latest version that I've been using as of writing and testing this script is TTSv48
Settings which differ from the default ones:
Deal Conditions Mode - External (take enter/exit conditions from an external script)
🔌Signal 🛈➡ - BreakoutTrendFollowing: 🔌Signal to TTS (this is the output from the indicator script, according to the TTS convention)
Order Type - STOP (perform stop order)
Distance Method - HHLL (HigherHighLowerLow - in order to set the SL according to the strategy definition from above)
The next are just personal preferences, you can feel free to experiment according to your trading style
Take Profit Targets - 0 (either 100% in or out, no incremental stepping in or out of positions)
Dist Mul|Len Long/Short- 10 (make sure that we don't close on profitable trades by any reason)
Quantity Method - EQUITY (personal backtesting preference is to consider each backtest as a separate portfolio, so determine the position size by 100% of the allocated equity size)
Equity % - 100 (note above)
Cerca negli script per "Buy sell"
SILVER Midnight Candle Color Strategy 1-Hour Delay and SL/TP Overview:
The "Midnight Candle Color Strategy with 1-Hour Delay and SL/TP" is a unique trading strategy designed for the Forex market. This strategy capitalizes on the color of the midnight candle based on New York time, making trade decisions one hour later, at 1:00 AM.
Key Features:
Time Zone Adjustment: Automatically adjusts to New York time (UTC-5 or UTC-4 during Daylight Saving Time).
Midnight Candle Analysis: Utilizes the color of the midnight candle to gauge market sentiment.
Trade Execution at 1 AM: Trades are executed one hour after midnight based on the previous day's candle color.
Strategic SL/TP: Incorporates predefined stop loss (SL) and take profit (TP) levels for each trade.
How It Works:
The script first determines whether the current bar represents 12:00 AM or 1:00 AM in New York time.
At midnight, it records the color of the candle (green for bullish, red for bearish).
At 1:00 AM, the strategy:
Enters a long position if the midnight candle was green, with specific TP and SL settings.
Enters a short position if the midnight candle was red, again with defined TP and SL.
Visualization:
Optional markers are plotted on the chart for easy visualization of the strategy's entry points at midnight and 1 AM.
Usage Tips:
Ideal for traders focusing on overnight price movements and early morning trends.
Best suited for SILVER trading due to the 24-hour trading cycle.
We recommend backtesting the strategy with historical data to evaluate performance.
Disclaimer:
This strategy is provided for educational purposes and should not be considered as financial advice. Users should conduct their own research and exercise caution while trading. Past performance is not indicative of future results.
I´m not a signal service, however I´m sharing my signals. For free. If you wish to buy something, contact some other signalist, preferably with 5-10-15-20K followers, selling signals on the premium channel, but in reality not trading them themselves. If you will realise after few blown account that something is wrong, ask yourself why is that. Trading is not pushing the buy-sell button and drinking tequila on the beach. If you want to learn, you know what to do.
Noa: Z-distance from VWAP with Kalman Smoother
Title: Noa: Z-distance from VWAP with Kalman Smoother
Description:
The "Z-distance from VWAP with Kalman Smoother" is a tool constructed on the premise that price evolves in distinct stages: normal or extreme trends (upward or downward) and transitional periods, termed as 'flips'. The Volume Weighted Average Price (VWAP) serves as a benchmark, representing the market's expectation of a fair value over a given time frame. However, since each stock trades on its unique price scale, direct comparisons are not feasible. This script introduces a standardized method, using the Z-score from the VWAP, to understand and compare these relationships across diverse scales.
Core Principles:
Stages of Price Movement:
- Prices don't move purely randomly; while they contain a random element, they oscillate in discernible patterns or stages—either maintaining a trend (normal or extreme) or undergoing transition (flip).
- VWAP as Fair Value: VWAP offers a dynamic representation of what the market perceives as fair value for a stock over a specific period.
- Standardizing Price Relations: Given the varied scales at which different stocks trade, a model was imperative to standardize these relations. The Z-score from the VWAP fulfills this role, offering a normalized measure of how far the price deviates from its perceived fair value.
Features:
Z-score Levels:
The indicator demarcates various stages of price movements, offering clarity on potential overbought or oversold conditions.
- Extreme Up Trend: Indicated when the Z-score surpasses the upper limit.
- Normal Up Trend: Represented when the Z-score lies between the flip upper and the upper limit.
- Transition (Flip): Recognized when the Z-score oscillates within the flip range.
- Normal Down Trend: Denoted when the Z-score is between the flip lower and the lower limit.
- Extreme Down Trend: Marked when the Z-score falls below the lower limit.
Visual Aids:
- Color-coded regions between specific Z-score levels and the Z-score plot itself elucidate the current market state.
- Kalman Filter: By incorporating a Kalman filter, the indicator offers a less noisy and smoother representation of the Z-score, enhancing its interpretability.
Usage:
Trend Analysis:
- The Z-score states and the color-coded plot facilitate a nuanced understanding of the prevailing market trend.
- Potential Reversal Points: Extremely positive or negative Z-scores might hint at impending reversals.
- Buy/Sell Signals: Z-score's interactions with the flip level can be interpreted as potential trading signals.
Example (for illustration purposes only):
AAPL since April 2022: The stock exited from a normal uptrend and transitioned potentially towards a downtrend. By the end of April, AAPL flipped twice before transitioning to a normal downtrend. By early May, the stock moved into an aggressive downtrend. Market buyers were able to counter this downtrend by June, but selling pressure persisted, pushing the stock back into an aggressive downtrend. By the end of June, buyers halted the aggressive selling and transitioned the stock from an aggressive to normal downtrend, then to a flip, and finally to a normal uptrend by the end of August. AAPL briefly peaked into an aggressive uptrend before being pressured back to a normal downtrend. The rest of 2022 saw AAPL attempting several short-lived uptrend flips. However, 2023 brought a change, with AAPL flipping into a normal uptrend by the end of January, maintaining it until August of that year.
Credits:
This script, inspired by Z distance from VWAP by LazyBear and Kalman Smoother by alexgrover, was revamped and enriched by nord-ouestadvisors to embed these core principles and heighten its usability. A special acknowledgment to ChatGPT by OpenAI for the guidance.
Blockchain FundamentalThis indicator is made for traders to harness fundamental blockchain data for better decision-making. Unlike traditional tools, this indicator doesn't depend on standard technical indicators. It offers a novel perspective by focusing on core blockchain metrics like capitalization, miner activity, and other intrinsic data elements. I've designed a distinct scoring logic, exclusive to BF, ensuring it's user-friendly and provides actionable insights for traders at all levels.
Mainly created for Bitcoin , but can be applied to any other crypto assets in cost of losing some metrics in the analysis.
Ethereum chart:
Features:
Customizable Moving Averages:
Choose from an array of moving averages, with the flexibility to adjust the length for a tailored analysis, aiding in pinpointing asset trends.
Blockchain Metrics Integration:
Incorporates a range of blockchain metrics such as Market Cap to Realised Cap ratio, Spent Output Profit Ratio, ATH Drawdown, and more.
Blockchain Metrics Evaluation:
Each metric can be toggled on/off to customize the analysis. Using default settings, traders can use all of the metrics combined.
Every metric is essentially evaluated on a scale from -100 to 100 and then combined with others. If any metric is uncertain about its direction (equals to 0), then the score of it is not accounted in a final calculation.
Kalman Filter:
This indicator offers the option to apply a Kalman filter to the signals, enhancing the smoothness and accuracy of the indicator’s output. This is my approach to mitigate the noise in the final output.
Signal Oscillator:
Displays the aggregated score of all selected blockchain metrics.
Offers visual signals with adjustable upper and lower bounds for easy interpretation based on particular asset observation.
Visual Elements:
Signal Oscillator:
A visual representation of the aggregated blockchain fundamental score.
(White line for a raw calculation, orange line for kalman-filtered one)
Signal Counter:
Displays the count of metrics currently being considered in the fundamental score calculation. (grey line at the middle of an indicator)
Buy/Sell Signal Coloring:
The background color changes to indicate potential buying or selling opportunities based on user-defined bounds.
Usage:
Analysis:
Use the signal oscillator to identify potential market tops and bottoms based on blockchain fundamental data.
Adjust the bounds to customize the sensitivity of buy/sell signals.
Customization:
Enable/disable specific blockchain metrics to tailor the indicator to your analytical needs.
Adjust the moving average type and length for better analysis.
Integration:
Combine with other technical indicators to create a comprehensive trading strategy.
Utilize in conjunction with volume and price action analysis for enhanced decision-making. Every output could be used in traders custom strategies and indicators.
MACD 3D with Signals [Quantigenics]Quantigenics MACD 3D with Buy Sell Signals is a MACD-based trading indicator that aims to identify market trends and potential turning points, for Buy/Sell opportunities, by leveraging price data and volatility.
Unlike the traditional MACD indicator, the average price is calculated from the high, low, and close prices, from which a specialized MACD value is derived. This MACD value, combined with an average and standard deviation, takes into account volatility, and is used to generate an upper and lower boundary.
The indicator color-codes market trends: aqua indicates upward trends (signifying increased buying pressure), red suggests downward trends (increased selling pressure). When the MACD value crosses above the upper boundary or falls below the lower boundary, the color changes to yellow indicating a possible reversal point and "Momentum Crossover Signals" can be plotted at this point. "Standard Signal" arrows can also plotted when the MACD 3D changes from auqa to red and vice-versa.
A trendline is drawn at the median value, providing a baseline for comparison. A differential value, which measures the distance between the MACD value and the median line, provides additional insight into the price's deviation from this baseline (divergences from the underlying price can be spotted using this data as well). The differential is color-coded: green when MACD is above the median, and red when it's below, with darker shades representing a decreasing gap.
Alerts can be set to trigger with the "Standard Signal" arrows appearing after MACD 3D changes from auqa to red and vice-versa and when the "Momentum Crossover Signal" arrows appear when the MACD value crosses above the upper boundary or falls below the lower boundary indicating a potential reversal. Providing immediate notifications which can be especially helpful in larger time frames where it may take time for a trade setup to develop.
CME_MINI:NQ1!
OANDA:XAUUSD
Enjoy the MACD 3D indicator. Happy Trading!
Tri-State SupertrendTri-State Supertrend: Buy, Sell, Range
( Credits: Based on "Pivot Point Supertrend" by LonesomeTheBlue.)
Tri-State Supertrend incorporates a range filter into a supertrend algorithm.
So in addition to the Buy and Sell states, we now also have a Range state.
This avoids the typical "whipsaw" problem: During a range, a standard supertrend algorithm will fire Buy and Sell signals in rapid succession. These signals are all false signals as they lead to losing positions when acted on.
In this case, a tri-state supertrend will go into Range mode and stay in this mode until price exits the range and a new trend begins.
I used Pivot Point Supertrend by LonesomeTheBlue as a starting point for this script because I believe LonesomeTheBlue's version is superior to the classic Supertrend algorithm.
This indicator has two additional parameters over Pivot Point Supertrend:
A flag to turn the range filter on or off
A range size threshold in percent
With that last parameter, you can define what a range is. The best value will depend on the asset you are trading.
Also, there are two new display options.
"Show (non-) trendline for ranges" - determines whether to draw the "trendline" inside of a range. Seeing as there is no trend in a range, this is usually just visual noise.
"Show suppressed signals" - allows you to see the Buy/Sell signals that were skipped by the range filter.
How to use Tri-State Supertrend in a strategy
You can use the Buy and Sell signals to enter positions as you would with a normal supertrend. Adding stop loss, trailing stop etc. is of course encouraged and very helpful. But what to do when the Range signal appears?
I currently run a strategy on LDO based on Tri-State Supertrend which appears to be profitable. (It will quite likely be open sourced at some point, but it is not released yet.)
In that strategy, I experimented with different actions being taken when the Range state is entered:
Continue: Just keep last position open during the range
Close: Close the last position when entering range
Reversal: During the range, execute the OPPOSITE of each signal (sell on "buy", buy on "sell")
In the backtest, it transpired that "Continue" was the most profitable option for this strategy.
How ranges are detected
The mechanism is pretty simple: During each Buy or Sell trend, we record price movement, specifically, the furthest move in the trend direction that was encountered (expressed as a percentage).
When a new signal is issued, the algorithm checks whether this value (for the last trend) is below the range size set by the user. If yes, we enter Range mode.
The same logic is used to exit Range mode. This check is performed on every bar in a range, so we can enter a buy or sell as early as possible.
I found that this simple logic works astonishingly well in practice.
Pros/cons of the range filter
A range filter is an incredibly useful addition to a supertrend and will most likely boost your profits.
You will see at most one false signal at the beginning of each range (because it takes a bit of time to detect the range); after that, no more false signals will appear over the range's entire duration. So this is a huge advantage.
There is essentially only one small price you have to pay:
When a range ends, the first Buy/Sell signal you get will be delayed over the regular supertrend's signal. This is, again, because the algorithm needs some time to detect that the range has ended. If you select a range size of, say, 1%, you will essentially lose 1% of profit in each range because of this delay.
In practice, it is very likely that the benefits of a range filter outweigh its cost. Ranges can last quite some time, equating to many false signals that the range filter will completely eliminate (all except for the first one, as explained above).
You have to do your own tests though :)
Extreme Entry with Mean Reversion and Trend FilterThis non-repainting indicator is an improved version of my previous work, a more versatile tool designed to provide traders with dynamic and adaptive entry signals while incorporating a mean reversion and trend filtering mechanism. By combining RSI overbought/oversold, regular divergence and confirmatory momentum oscillator such as CCI or MOM, this indicator generates more precise and timely signals for entering trades.
The indicator offers a comprehensive set of entry conditions for both Buy and Sell entries:
• For Buy entries, it checks for oversold conditions based on RSI levels, and detects bullish divergence patterns while oversold and it identifies upward crossovers in the selected entry signal source (CCI or Momentum).
• Similarly, for Sell entries, it identifies downward crossovers of the CCI or Mom, after the recent overbought conditions, and bearish divergence patterns inside the overbought RSI.
To refine the entry signals even further, the indicator utilizes a mean reversion filter. Traders can choose to display signals that occur inside or outside the upper and lower mean reversion bands:
• Range Entries are indicating potential buying opportunities near the lower band and selling opportunities near the upper band. This is based on the concept of mean reversion, which suggests that prices tend to return to the average when they reach the upper or lower bands. By focusing on these signals, traders can take advantage of price movements that have a higher probability of reversing towards the mean.
• Extreme Entries, on the other hand, represent signals that occur outside of the bands, signaling potential pullbacks during strong trends. By entering positions only at extreme highs or lows, traders can avoid getting caught in the middle of the trend. This approach helps traders capitalize more favorable trading opportunities which have a high reward-risk ratio.
Trend Filter acts as a directional bias for the entry signals. When enabled, long and short entry conditions are filtered based on the relationship between the closing price and the EMA.
Traders have the flexibility to customize, tweak the indicator filter and values in the settings according to their preferences strategies and traded assets, tailoring the signals to their specific needs. The script sets alert conditions to trigger alerts for buy, sell, or both entry signals. This indicator can be used in conjunction with price action or other technical analysis tools for confirmation and better trading decisions.
I created this indicator for my own use, and I share this for informational purposes only. It does not constitute financial advice so use at your own risk and consider your financial situation before making any trading decisions. The indicator's accuracy is not guaranteed, and past performance is not indicative of future results.
I appreciate your feedback on this indicator. As I am new to script development, I am open to comments and suggestions to improve it. If you encounter any issues while using this indicator, please let me know in the comments section. If you find it helpful, I kindly ask for your support in boosting it. Thank you for your cooperation.
Custom Fib by Dr. MauryaThis indicator is based on purely Fibonacci levels.
How it works:
Let's first understand the Fibonacci levels.
The main Fibonacci numbers are 0, 0.236, 0.392, 0.5, 0.618, 0.764, 1 whereas 0 equal to low and 1 equal to high.
As the market is moving in any direction, new lows or new highs are developing and hence Fibonacci levels are also changing throughout the time.
Sometime market retraces from various levels like 0.5, 0.618/0.382(mirror value), 0.762/0.236 (mirror value).
Retracement : The three mid-level 0.382, 0.5 and 0.618 are act as a retracement or like pivot levels for market. These levels are filled with green and red colors to attention the buyers and sellers to take a trade either side if any candlestick pattern are observed at these levels.
one direction trend takes support of 0.236/0.786(mirror value) (blue line in chart)
Sometime buy/sell on dip levels are happen at 0.762/0.392 (mirror value).
Targets: Target could be Fibonacci extension level lowest targets (1, 1.18, 1.23,), medium targets (1.39, 1.5, 1.61) and large target (2.0, 2.5.2.61, 3.0) as depended on your study volume levels and trend strength.
Stoploss: You can choose any preceding lines for stoploss: e.g. if you enter long on 0.618 or 0.5 levels you can set SL on 0.762
Previous day three mid-point 0.382, 0.5, 0.618 (filled with red and green color) as well as high and low could also act as resistance or support levels for current day market.
Lets understand the Input section of indicator
The first input section allowed to choose where you want to start developing Fibonacci : select session for intraday then weekly, monthly and yearly options are available.
Now you can set any Fibonacci levels (as you wish) you can set upto 20 levels.
By default, total 7 Fibonacci levels are plotted (0, 0.236, 0.392, 0.618, 0.762 and 1.
Further you can set Fibonacci extension level for long side (1.18, 1.23, 1.39, 1.5, 1.61, 2 etc).
You must be careful when you enter Fibonacci extension level lower side (short side). You need to enter value -0.5 (equal to 1.5 for long). -0.618 (equal to 1.618 for long), -1(equal to 2.0 for long).
You can fill color between any two adjacent lines from style sections.
You can also select labels from input tab if you want to see Fibonacci numbers on chart as labels.
You can also shift the labels from current bar to desired offset bar by changing the value in input section.
Conclusion
This indicator is highly customisable developing Fibonacci levels because everyone and different scripts works on different fib levels.
This indicator keeps the Fibonacci levels at a particular time and it plots only new lines when new low or high established without affecting the previous Fibonacci levels. Overall, as the market moves, you will find the trending plot goes which side.
Inside candle (Inside Bar) Strategy- by smartanuThe Inside Candle strategy is a popular price action trading strategy that can be used to trade in a variety of markets. Here's how you can trade the Inside Candle strategy using the Pine script code provided:
1. Identify an Inside Candle: Look for a candlestick pattern where the current candle is completely engulfed within the previous candle's high and low. This is known as an Inside Candle.
2. Enter a Long Position: If an Inside Candle is identified, enter a long position at the open of the next candle using the Pine script code provided.
3. Set Stop Loss and Take Profit: Set a stop loss at a reasonable level to limit your potential losses if the trade goes against you. Set a take profit at a reasonable level to take profit when the price reaches the desired level.
4. Manage the Trade: Monitor the trade closely and adjust the stop loss and take profit levels if necessary. You can use the Pine script code to automatically exit the trade when the stop loss or take profit level is hit.
5. Exit the Trade: Exit the trade when the price reaches the take profit level or the stop loss level is hit.
It's important to note that the Inside Candle strategy is just one of many strategies that traders use to trade the markets. It's important to perform your own analysis and use additional indicators before making any trades. Additionally, it's important to practice proper risk management techniques and never risk more than you can afford to lose.
SynthSAR ConfirmationThis indicator represents confirmation of a trend based on the PSAR indicator and includes signals from the MACD, stochastic oscillator, and awesome oscillator. It displays the points of the parabolic SAR on the chart, which help determine the direction of the trend. Additionally, the indicator allows for tracking signals based on the combined analysis of three other technical indicators: MACD, stochastic oscillator, and awesome oscillator. Furthermore, the indicator includes the ability to display buy/sell labels and signals for changing the trend direction. This is not an investment recommendation.Very effective in higher timeframes.If the MACD "macd line" crosses the "signal line" from above and the Stochastic %K line crosses the %D line from above, and the last column in the Avesome Oscillator is red, then the indicator gives a signal to sell. If the MACD "macd line" crosses the "signal line" from below and the Stochastic %K line crosses the %D line from below, and the last column in the Avesome Oscillator is green, then the indicator gives a signal to buy.
HT Momentum Indicator [ ZCrypto ]
The HT Momentum Indicator is a technical analysis tool that uses the Hyperbolic Tangent (tanh) function to measure momentum in a trading instrument.
This indicator is plotted as a histogram, with positive values indicating bullish momentum and negative values indicating bearish momentum.
Here are the main features and settings of the HT Momentum Indicator:
Source: This setting allows you to choose the price data used to calculate the momentum indicator. By default, the indicator uses the (High+Low+Close)/3 price, but you can select other options such as the open, high, or low prices.
Period: This setting determines the number of periods used in the momentum calculation. By default, the indicator uses a period of 14, but you can adjust this to suit your trading style and the market you are trading.
Show Fast/Slow/VWAP: These settings allow you to choose whether or not to display the fast and slow exponential moving averages (EMAs) and the volume-weighted average price (VWAP) on the chart.
Fast Length/Slow Length/VWAP Length: These settings allow you to adjust the length of the fast and slow EMAs and the VWAP calculation.
Bull Color/Bear Color: These settings allow you to choose the colors for the bullish and bearish histograms.
Zero Line: This indicator also includes a horizontal line at the zero level to help you identify when momentum is transitioning from bullish to bearish or vice versa.
The HT Momentum Indicator can be used to identify trends, momentum shifts, and potential buy/sell signals.
you can use the fast and slow EMAs to identify short-term and long-term trends, respectively, and the VWAP to gauge the strength of buying or selling pressure.
Additionally, the HT Momentum Indicator includes four pre-programmed alert conditions, which can notify you
when the fast EMA crosses above the slow EMA,
when the VWAP crosses above the zero line,
when the histogram transitions from negative to positive values.
when the histogram transitions from negative to positive values and VWAP above zero line
SumIndTarget:
The SumInd indicator combines Heiking Ashi, Sar Parabolic, Koncord, RSI, DMI, MACD and Bollinger Bands to give buy or sell signals or trends. This are called base indicators.
The goal is to have a clear and quick buy or sell suggestion and to avoid evaluating all or some of the named indicators, especially if they give contradictory signals among them. This speed and simplicity helps the trader to see several tickers in less time. It is intended for all markets and time periods where the above-mentioned indicators can be used.
How it works:
SumInd already has the importance or "weight" of each indicator named above configured, but they can be modified. You can set 0% for no use, or any other value based on the weight you want to give it, between 1% and 200% where 100% is the normal use, and increases or decreases based on importance.
Each base indicator can give signals to buy, sell or just "wait and see".
Each base indicator is checked for a buy signal, in which case its weight is added to the positive or green line, and if there is a sell signal, its weight is subtracted from the sell or red line. in case of indeterminacy or 'wait and see', nothing is added to any signal.
The yellow or total line is the sum of the buy or green signal plus the sell or red signal.
If the yellow or total line rises above the buy level, the background changes to green and an up arrow appears at the bottom of the chart indicating the buy suggestion, because most of the indicators you are interested in gave a buy signal.
If the yellow line or total falls below the sell level, the background changes to red and a downward arrow appears in the upper area of the chart indicating the sell suggestion, because most of the indicators you are interested in gave a sell signal.
The Buy and Sell level can be changed according to the security of the suggestion you need.
Areas without arrows or marks are considered "wait and see" areas, the previous trend in principle continues. They can be marked with the default background if desired from the SumInd settings.
Details and criterials:
Each of the following indicators can be turned on or off and assigned different weights of importances, by whether or not it shares the following criteria:
Heikin Ashi candles: add or subtract half an assigned weight if there is a buy or sell candle and the other half weight if there are two consecutive candles with the same signal.
RSI: Adds or subtracts the assigned weight if the ema is below or above the signal.
Parabolic Sar: Adds half a weight in transition to buy or sell and another half weight if there are two consecutive signals of the same trend.
Koncord: Add or subtract the weight if the current trend (mountain) grows or decreases respectively from the 4th previous time signal, and also the value (red line) is less than 35 or exceeds 65 respectively.
DMI: Adds or subtracts a quarter of the weight assigned by the DMI signal multiplied by the value of DMI, if the positive or negative signal exceeds the other negative or positive signal by 15% respectively.
Bollinger Bands: Add or subtract the weight if the previous third signal touches or falls out of the zone and keeps growing or decreasing respectively.
MACd: Add or subtract one third of the weight if the last 3 time signals are rising or falling, Add or subtract another third if the fast signal is above or below the slow signal, and Add or subtract the last third of the weight if it is rising with the negative fast signal, or falling with the positive fast signal.
Liquidity Candles with Prev Day High/Low and Midnight OpenAlright, let's talk about how to use this fancy indicator. But first, let me warn you, using indicators is like driving a car, you can't just press the gas pedal and hope for the best. You need to know what you're doing, or else you'll crash and burn faster than a soufflé in a microwave.
Now, let's get started. The first thing you need to do is understand what this indicator is telling you. Think of it like a signalman at a train station. He's waving flags and giving hand signals to tell you whether it's safe to proceed or if you need to stop and wait. This indicator works the same way.
It's going to give you signals based on price movements, telling you whether it's safe to buy or sell. But don't get too excited, my friend. You still need to use your brain and make smart decisions. Don't just blindly follow the signals, or else you'll end up like a sheep being led to the slaughter.
Now, let's talk about some of ICT's smart money trading concepts. First up, we have "liquidity grabs". This is when the big boys in the market create false breakouts to shake out the weak hands. They're like school bullies stealing lunch money from the little kids. But you can avoid being a victim by watching for signs of a liquidity grab, and using your brain to decide whether it's a real breakout or just a trap.
Next up, we have "stop runs". This is when the big players purposely trigger stop-loss orders to get a better entry or exit. It's like a game of chicken, but with your money on the line. To avoid being run over, keep an eye on your stop-loss orders, and don't be too predictable in your trading.
Finally, we have "market structure". This is like the blueprint of the market, showing you where the support and resistance levels are. It's like a treasure map to finding the best trades. But don't forget that market structure can change over time, so keep updating your map and stay ahead of the game.
So there you have it, my friend. A quick tutorial on using this indicator, with a side of ICT's smart money trading concepts. But remember, indicators are just tools, and you're the one driving the car. Use your brain, stay alert, and don't be a sheep. Happy trading!
Divergent Trades LLC:
Disclaimer: The information provided by the Divergent Trades LLC indicator is for educational and informational purposes only. It should not be considered financial advice or a recommendation to buy, sell, or trade any financial instrument. Divergent Trades LLC is not responsible for any losses incurred as a result of using this indicator. Trading in the financial markets carries a high level of risk and may not be suitable for all investors. Before making any investment decisions, please consult with a financial advisor and do your own due diligence. Past performance is not indicative of future results. By using the Divergent Trades LLC indicator, you acknowledge that you have read and understand this disclaimer and agree to its terms and conditions.
NET BSP NET BSP derived from Buying & Selling Pressure which is a volatility indicator that monitors average metrics of green and red candles separately.
We could navigate more confidently through market with projected market balance.
BSP allowed us to track and analyze the ongoing performance of bullish and bearish impulsive waves and their corrections.
Due to unintuitive way of measuring decline with SP going up, I decided to remake it into more intuitive version with better precision.
When we encounter the fall it's better to have declining values of tool to be able to cover it visually with ease.
One of the solutions was to create a sense of balance of Buying Pressure against Selling Pressure.
Since we are oriented by growth, it'd be more logical to summarize the market balance with BP - SP
Comparison:
When Buying and Selling Pressure are equal, NET BSP would be at 0.
NETBSP > 0 and NETBSP > NETBSP = 🟢
NETBSP > 0 and NETBSP < NETBSP = 🟡
NETBSP < 0 and NETBSP < NETBSP = 🔴
NETBSP < 0 and NETBSP > NETBSP = 🟡
Hence, we get visualized stages of uptrends and downtrends which allows to evaluate chances and estimations of upcoming counter-waves.
Also, it is worth to note that output clearly shows how one wave is derived from another in terms of sizing.
Feel free to adjust NET BSP arguments to adapt sensitivity to the timeframe you're working on.
BTC Indicator By Megalodon TradingThis indicator is designed help you see the potential reversal zones and it helps you accumulate for the long run.
This combines price data on any chart. The chart isolates between 0 and -100. Below -80 is a buy, above -20 is a sell location.
In these locations, try to Slowly Buy and Slowly Sell (accumulate...)
Story Of This Indicator
~I was always obsessed with Fibonacci and used Fibonacci all the time. Thus, i wanted to make a tool to see buying locations and selling locations.
Instead of drawing fibonacci's and manually interpreting buy/sell locations, i wanted algorithms to do the job for me. So, i created this algorithm and many more like it.
If you think i did a good job and want to do further work with me, feel free to contact.
I have a ton of other tools that can change everything for your trading/investing.
Best wishes
~Megalodon
RS_TD_Library_2Library "RS_TD_Library_2"
TradingView Library for showing option prices on the chart
Here is a simple way to draw options to an underlying asset on the chart. At the top right there is a table with the summary of the corresponding premiums. A tooltip shows the corresponding buy/sell prices for each option.
showTable(sumShortPut, sumLongPut, sumShortCall, sumLongCall, sumTotal, smallLayout)
Shows the table of profit/loss of all options to the given underlying
Parameters:
sumShortPut : Sum of all short put options
sumLongPut : Sum of all long put options
sumShortCall : Sum of all short call options
sumLongCall : Sum of all long call options
sumTotal : Sum of all kind of options
smallLayout : Usage of a small table layout
debugging_labelOnEachBar(_text)
Shows a debugging label on each bar
Parameters:
_text : Text to show on the label
showLine(date1, date2, strike, color)
Prints a line at the strike of the option
Parameters:
date1 : Buying date of the option
date2 : Selling date of the option
strike : Strike of the option
color : Color of the line
showLabel(date, strike, color, tooltip)
Prints a label at the strike of the option
Parameters:
date : Buying/Selling date of the option
strike : Strike of the option
color : Color of the line
tooltip : ToolTip of the option with the detailed prices
Delta Volume Channels [LucF]█ OVERVIEW
This indicator displays on-chart visuals aimed at making the most of delta volume information. It can color bars and display two channels: one for delta volume, another calculated from the price levels of bars where delta volume divergences occur. Markers and alerts can also be configured using key conditions, and filtered in many different ways. The indicator caters to traders who prefer chart visuals over raw values. It will work on historical bars and in real time, using intrabar analysis to calculate delta volume in both conditions.
█ CONCEPTS
Delta Volume
The volume delta concept divides a bar's volume in "up" and "down" volumes. The delta is calculated by subtracting down volume from up volume. Many calculation techniques exist to isolate up and down volume within a bar. The simplest techniques use the polarity of interbar price changes to assign their volume to up or down slots, e.g., On Balance Volume or the Klinger Oscillator . Others such as Chaikin Money Flow use assumptions based on a bar's OHLC values. The most precise calculation method uses tick data and assigns the volume of each tick to the up or down slot depending on whether the transaction occurs at the bid or ask price. While this technique is ideal, it requires huge amounts of data on historical bars, which usually limits the historical depth of charts and the number of symbols for which tick data is available.
This indicator uses intrabar analysis to achieve a compromise between the simplest and most precise methods of calculating volume delta. In the context where historical tick data is not yet available on TradingView, intrabar analysis is the most precise technique to calculate volume delta on historical bars on our charts. TradingView's Volume Profile built-in indicators use it, as do the CVD - Cumulative Volume Delta Candles and CVD - Cumulative Volume Delta (Chart) indicators published from the TradingView account . My Volume Delta Columns Pro indicator also uses intrabar analysis. Other volume delta indicators such as my Realtime 5D Profile use realtime chart updates to achieve more precise volume delta calculations. Indicators of that type cannot be used on historical bars however; they only work in real time.
This is the logic I use to assign intrabar volume to up or down slots:
• If the intrabar's open and close values are different, their relative position is used.
• If the intrabar's open and close values are the same, the difference between the intrabar's close and the previous intrabar's close is used.
• As a last resort, when there is no movement during an intrabar and it closes at the same price as the previous intrabar, the last known polarity is used.
Once all intrabars making up a chart bar have been analyzed and the up or down property of each intrabar's volume determined, the up volumes are added and the down volumes subtracted. The resulting value is volume delta for that chart bar, which can be used as an estimate of the buying/selling pressure on an instrument.
Delta Volume Percent (DV%)
This value is the proportion that delta volume represents of the total intrabar volume in the chart bar. Note that on some symbols/timeframes, the total intrabar volume may differ from the chart's volume for a bar, but that will not affect our calculations since we use the total intrabar volume.
Delta Volume Channel
The DV channel is the space between two moving averages: the reference line and a DV%-weighted version of that reference. The reference line is a moving average of a type, source and length which you select. The DV%-weighted line uses the same settings, but it averages the DV%-weighted price source.
The weight applied to the source of the reference line is calculated from two values, which are multiplied: DV% and the relative size of the bar's volume in relation to previous bars. The effect of this is that DV% values on bars with higher total volume will carry greater weight than those with lesser volume.
The DV channel can be in one of four states, each having its corresponding color:
• Bull (teal): The DV%-weighted line is above the reference line.
• Strong bull (lime): The bull condition is fulfilled and the bar's close is above the reference line and both the reference and the DV%-weighted lines are rising.
• Bear (maroon): The DV%-weighted line is below the reference line.
• Strong bear (pink): The bear condition is fulfilled and the bar's close is below the reference line and both the reference and the DV%-weighted lines are falling.
Divergences
In the context of this indicator, a divergence is any bar where the slope of the reference line does not match that of the DV%-weighted line. No directional bias is assigned to divergences when they occur.
Divergence Channel
The divergence channel is the space between two levels (by default, the bar's low and high ) saved when divergences occur. When price has breached a channel and a new divergence occurs, a new channel is created. Until that new channel is breached, bars where additional divergences occur will expand the channel's levels if the bar's price points are outside the channel.
Prices breaches of the divergence channel will change its state. Divergence channels can be in one of five different states:
• Bull (teal): Price has breached the channel to the upside.
• Strong bull (lime): The bull condition is fulfilled and the DV channel is in the strong bull state.
• Bear (maroon): Price has breached the channel to the downside.
• Strong bear (pink): The bear condition is fulfilled and the DV channel is in the strong bear state.
• Neutral (gray): The channel has not been breached.
█ HOW TO USE THE INDICATOR
Load the indicator on an active chart (see here if you don't know how).
The default configuration displays:
• The DV channel, without the reference or DV%-weighted lines.
• The Divergence channel, without its level lines.
• Bar colors using the state of the DV channel.
The default settings use an Arnaud-Legoux moving average on the close and a length of 20 bars. The DV%-weighted version of it uses a combination of DV% and relative volume to calculate the ultimate weight applied to the reference. The DV%-weighted line is capped to 5 standard deviations of the reference. The lower timeframe used to access intrabars automatically adjusts to the chart's timeframe and achieves optimal balance between the number of intrabars inspected in each chart bar, and the number of chart bars covered by the script's calculations.
The Divergence channel's levels are determined using the high and low of the bars where divergences occur. Breaches of the channel require a bar's low to move above the top of the channel, and the bar's high to move below the channel's bottom.
No markers appear on the chart; if you want to create alerts from this script, you will need first to define the conditions that will trigger the markers, then create the alert, which will trigger on those same conditions.
To learn more about how to use this indicator, you must understand the concepts it uses and the information it displays, which requires reading this description. There are no videos to explain it.
█ FEATURES
The script's inputs are divided in four sections: "DV channel", "Divergence channel", "Other Visuals" and "Marker/Alert Conditions". The first setting is the selection method used to determine the intrabar precision, i.e., how many lower timeframe bars (intrabars) are examined in each chart bar. The more intrabars you analyze, the more precise the calculation of DV% results will be, but the less chart coverage can be covered by the script's calculations.
DV Channel
Here, you control the visibility and colors of the reference line, its weighted version, and the DV channel between them.
You also specify what type of moving average you want to use as a reference line, its source and length. This acts as the DV channel's baseline. The DV%-weighted line is also a moving average of the same type and length as the reference line, except that it will be calculated from the DV%-weighted source used in the reference line. By default, the DV%-weighted line is capped to five standard deviations of the reference line. You can change that value here. This section is also where you can disable the relative volume component of the weight.
Divergence Channel
This is where you control the appearance of the divergence channel and the key price values used in determining the channel's levels and breaching conditions. These choices have an impact on the behavior of the channel. More generous level prices like the default low and high selection will produce more conservative channels, as will the default choice for breach prices.
In this section, you can also enable a mode where an attempt is made to estimate the channel's bias before price breaches the channel. When it is enabled, successive increases/decreases of the channel's top and bottom levels are counted as new divergences occur. When one count is greater than the other, a bull/bear bias is inferred from it.
Other Visuals
You specify here:
• The method used to color chart bars, if you choose to do so.
• The display of a mark appearing above or below bars when a divergence occurs.
• If you want raw values to appear in tooltips when you hover above chart bars. The default setting does not display them, which makes the script faster.
• If you want to display an information box which by default appears in the lower left of the chart.
It shows which lower timeframe is used for intrabars, and the average number of intrabars per chart bar.
Marker/Alert Conditions
Here, you specify the conditions that will trigger up or down markers. The trigger conditions can include a combination of state transitions of the DV and the divergence channels. The triggering conditions can be filtered using a variety of conditions.
Configuring the marker conditions is necessary before creating an alert from this script, as the alert will use the marker conditions to trigger.
Markers only appear on bar closes, so they will not repaint. Keep in mind, when looking at markers on historical bars, that they are positioned on the bar when it closes — NOT when it opens.
Raw values
The raw values calculated by this script can be inspected using a tooltip and the Data Window. The tooltip is visible when you hover over the top of chart bars. It will display on the last 500 bars of the chart, and shows the values of DV, DV%, the combined weight, and the intermediary values used to calculate them.
█ INTERPRETATION
The aim of the DV channel is to provide a visual representation of the buying/selling pressure calculated using delta volume. The simplest characteristic of the channel is its bull/bear state. One can then distinguish between its bull and strong bull states, as transitions from strong bull to bull states will generally happen when buyers are losing steam. While one should not infer a reversal from such transitions, they can be a good place to tighten stops. Only time will tell if a reversal will occur. One or more divergences will often occur before reversals.
The nature of the divergence channel's design makes it particularly adept at identifying consolidation areas if its settings are kept on the conservative side. A gray divergence channel should usually be considered a no-trade zone. More adventurous traders can use the DV channel to orient their trade entries if they accept the risk of trading in a neutral divergence channel, which by definition will not have been breached by price.
If your charts are already busy with other stuff you want to hold on to, you could consider using only the chart bar coloring component of this indicator:
At its simplest, one way to use this indicator would be to look for overlaps of the strong bull/bear colors in both the DV channel and a divergence channel, as these identify points where price is breaching the divergence channel when buy/sell pressure is consistent with the direction of the breach. I have highlighted all those points in the chart below. Not all of them would have produced profitable trades, but nothing is perfect in the markets. Also, keep in mind that the circles identify the visual you would be looking for — not the trade's entry level.
█ LIMITATIONS
• The script will not work on symbols where no volume is available. An error will appear when that is the case.
• Because a maximum of 100K intrabars can be analyzed by a script, a compromise is necessary between the number of intrabars analyzed per chart bar
and chart coverage. The more intrabars you analyze per chart bar, the less coverage you will obtain.
The setting of the "Intrabar precision" field in the "DV channel" section of the script's inputs
is where you control how the lower timeframe is calculated from the chart's timeframe.
█ NOTES
Volume Quality
If you use volume, it's important to understand its nature and quality, as it varies with sectors and instruments. My Volume X-ray indicator is one way you can appraise the quality of an instrument's intraday volume.
For Pine Script™ Coders
• This script uses the new overload of the fill() function which now makes it possible to do vertical gradients in Pine. I use it for both channels displayed by this script.
• I use the new arguments for plot() 's `display` parameter to control where the script plots some of its values,
namely those I only want to appear in the script's status line and in the Data Window.
• I wrote my script using the revised recommendations in the Style Guide from the Pine v5 User Manual.
█ THANKS
To PineCoders . I have used their lower_tf library in this script, to manage the calculation of the LTF and intrabar stats, and their Time library to convert a timeframe in seconds to a printable form for its display in the Information box.
To TradingView's Pine Script™ team. Their innovations and improvements, big and small, constantly expand the boundaries of the language. What this script does would not have been possible just a few months back.
And finally, thanks to all the users of my scripts who take the time to comment on my publications and suggest improvements. I do not reply to all but I do read your comments and do my best to implement your suggestions with the limited time that I have.
VWAP BANDS [qrsq]Description
This indicator is used to find support and resistance utilizing both buying and selling volume. It can be used on lower and higher time frames to understand where price is likely to reject or bounce.
How it works
Instead of calculating the VWAP using the total volume, this script estimates the buying/selling volume and respectively calculates their individual VWAP's. The standard deviations of these are then calculated to create the set of two bands. The top bands being the VWAP from buying volume and bottom bands are from selling volume, with the option to use a double band on either pair.
How to use it
I like to use the bands for LTF scalping as well as HTF swings, I also like to use it alongside my SMA VWAP BANDS.
For scalping:
I tend to use either the 5m or 15m TF
I then set the indicator's TF to 1m
I will take a scalp based on the bands confluence with other PA methods, if price is being either supported or rejected.
For swings:
I tend to use a variety of TFs, including: 30m, 1H, 4H, D
I then set the indicator's TF to "Chart"
I will take a swing based on the bands confluence with other PA methods, if price is being either supported or rejected.
I also tend to use them on perpetual contracts as the volume seems to be more consistent and hence results in more accurate support and resistance.
Price Action Signals V2Indicator that shows buy/sell signals based on price action and volume as it relates to a double EMA. If the candle is above the double EMA, we look for candles with long wicks on the top indicating selling pressure. If the candle is below the double EMA , we look for candles with a long bottom wick indicating buying pressure. The user defined parameters are the length of the double EMA and the length of the volume moving average. Lower timeframes such as 5 minutes and lower are better off using lower lengths while higher timeframes should user higher lengths. Your mileage will vary.
Note, while this indicator can signal the beginning of long term trends, it will also signal minor retracements. Do not blindly buy or sell based on a signal appearing, pay attention to where the candle is in the overall trend and wait for confirmation to avoid losses.
Hussarya Volume cumulated. Buy Sell.
Volume frome curent chart or cumulated volume from Binance, Bybit Kraken, Ftx and Coinbase.
You can chose also. log scale on simple or cumulated volume.
Colors:
Grey. total volume
Red. sell Volume
Green. Buy volume
Red or green shows only bigger value
Trendlines Boll Ichi S1 by GammaprodI. How to use this indicator :
------------------------------
I.1. Set your teadingview theme to dark theme.
I.2. Gammaprod indicator is valid for forex, stock and but more valid for crypto.
I.3. Use three timeframe for more validation (choose between those, that fit to your trading style) :
- Timeframe 1m, 5m, and 15m for Scalping
- Timeframe 30m, 1h and 4h for Intraday
- Timeframe 4h, 1D and 1W for Swing Trading
I.4 Always use THREE INDICATORS FROM GAMMAPROD, those three indicators is back to back each other, by the way, I only made those three indicators only (for now) :
- Trendlines Boll Ichi S1 by Gammaprod
- MACD Volume S2 by Gammaprod
- Stoch RSI Divs Zone S2 by Gammaprod
============================================================================
II. How to setting :
--------------------
II.1. Trendlines Boll Ichi Crypto by Gammaprod
II.1.A. Support and Resistance
- Well if you familiar with this indicator you can add it, but recommended for Timeframe 30m or more
II.1.B. Trendlines Primary or Trendlines Secondary
- Timeframe 1m you DON'T NEED Trendlines Primary or Trendlines Secondary
- Timeframe 5m you DON'T NEED Trendlines Secondary, but you CAN ADD Trendlines Primary if you fell it helpful (for me, it is helpful to find where the candles start or the end trend or a consolidation or where the candles will surpass a resistance or a support).
- Timeframe 15m you DON'T NEED Trendlines Secondary, DEFENITELY add Trendlines Primary it will help to find where the candles stop or a consolidation or where the candles will surpass a resistance or a support).
- Timeframe 30m or more, DEFENITELY NEED BOTH Trendlines Primary and Secondary Trendlines, it will help to find where the candle stop or consolidation or where the candle will surpass a resistance or support).
II.1.C. Bollinger, Ichimoku Cloud and Lagging Span
- Please DON'T CHANGE IT at all, it's really helpful to know when and where to make an entry decesion or a trend or a consolidation, if you don't understand how to read it, you better to learn it first (on "how to read" section and "How to OPEN position" the section below)
II.2. Stoch RSI Divs Zone Crypto by Gammaprod (DON'T CHANGE IT)
II.3. MACD Volume Crypto by Gammaprod (DON'T CHANGE IT)
============================================================================
III. How to read :
------------------
III.1. Sell or Buy Priority :
III.1.A. Sell Priority
- Color background on macd and stoch rsi is pink or purple sell is the priority, (if you're not sure to buy, just wait until the best moment to sell)
III.1.B. Buy Priority
- Color background on macd and stoch rsi Teal or light green buy is the priority, (if you're not sure to sell, just wait until the best moment to buy)
III.1.C. Indecision / Golden Moment
- Color background on stoch rsi yellow is indecision / golden moment of reversal pattern (wait until it formed background only on Stoch RSI), please be careful at this moment.
III.2. Trend / Consolidation :
III.2.A. BULLISH trend
- When Stoch RSI and MACD have teal or light green background that's means BULLISH trend, better to confirm by the candle is above green cloud and lagging span (red line) is also above the candle.
III.2.B. BEARISH trend
- When Stoch RSI and MACD have the Pink or purple background that's means BEARISH trend, better to confirm by the candle is above purple cloud and lagging span (red line) is also below the candle.
III.2.C. CONSOLIDATION
- When Stoch RSI have the mix background that's means CONSOLIDATION, better to confirm by the candle is in or near to green / purple cloud and lagging span (red line) is also on the candle.
III.3. Special Mark
III.3.A. Ideal Bullish :
- Near line 20 and green / teal background = When Stoch RSI have the char R / H on lime color label, that's means divergence or hidden divergence for buy position, if you not see this label that's means just a standard confirmation for buy
III.3.B. Not an Ideal Bullish :
- Near line 80 and green / teal background = if this happens make sure you know what happen, it could be a false signal or bullish continual pattern
III.3.C. Ideal Bearish :
- Near line 80 and pink / purple background = When Stoch RSI have the char R / H on lime color label, that's means divergence or hidden divergence for buy position, if you not see this label that's means just a standard confirmation for sell position.
III.3.D. Not an Ideal Bearish:
- Near line 20 and pink / purple background = if this happens make sure you know what happen, it could be a false signal or bearish continual pattern
III.3.E. The Beginning of Reversal (from BEARISH to BULLISH) :
- When Stoch RSI line shaping GREEN position is near 20.
- MACD lines still PINK, position lines is UNDER the HISTOGRAM, but the HISTOGRAM start to SHAPE FALL PINK (light pink) and the BACKGROUND still PINK / PURPLE.
- Position CANDLES NEAR BLUE line, NEAR PURPLE CLOUD, and lagging span (red line) STILL ON the area candle. (it used to be confirmed with the golden moment).
III.3.F. The Beginning of Reversal (from BULLISH to BEARISH) :
- When Stoch RSI line shaping PINK position is near 80.
- MACD lines still GREEN, position lines is ABOVE the HISTOGRAM, but the HISTOGRAM start to SHAPE FALL GREEN (light green) and the BACKGROUND still TEAL / GREEN.
- Position CANDLES NEAR WHITE line, NEAR TEAL CLOUD, and lagging span (red line) STILL ON the area candle. (it used to be confirmed with the golden moment).
III.3.G. False Signals, or It could be a Golden Moment (better to see it on TF 15 or bigger):
- Near line 20 or 80 and yellow background = When Stoch RSI have the char R / H on color label, that's means divergence or hidden divergence for buy / sell position, if you not see this label that's means just a standard confirmation for buy / sell depends on where the Stoch RSI line if near 20 that's means buy, near 80 means sell
============================================================================
IV. How to OPEN position:
-------------------------
IV.1. Bullish
IV.1.A. Trendlines Boll Ichi S1 by Gammaprod
- The candles above the green cloud.
- Lagging span (red line) above the candles.
- then open buy near yellow line (the first option) / blue line (the second option) (always confirm the position with two other indicators below).
IV.1.B. MACD Volume S2 by Gammaprod
- Teal or Green background.
- The lines is shaped or shaping green.
- Better if at the green histogram.
IV.1.C. Stoch RSI Divs Zone S3 by Gammaprod
- Teal or Green background.
- The lines is shaping green.
- Better if on the bottom (at a range 20).
IV.2. Bearish
IV.2.A. Trendlines Boll Ichi S1 by Gammaprod
- The candles below the purple cloud.
- Lagging span (red line) below the candles.
- then open buy near yellow line (the first option) / white line (the second option) (always confirm the position with two other indicators below).
IV.2.B. MACD Volume S2 by Gammaprod
- Pink or purple background.
- The lines are shaped or shaping green.
- Better if at the pink histogram.
IV.2.C. Stoch RSI Divs Zone S3 by Gammaprod
- Pink or purple background.
- The lines are shaping pink.
- Better if the line on the top (at a range 80).
IV.3. Consolidation
IV.3.A. Trendlines Boll Ichi S1 by Gammaprod
- The candles on the cloud (green or purple).
- Lagging span (red line) on the candles.
- then open buy near the white or blue line (always confirm the position with two other indicators below).
IV.3.B. MACD Volume S2 by Gammaprod
- Changing the background.
- The line is near the middle line.
- Have small Histogram.
IV.3.C. Stoch RSI Divs Zone S3 by Gammaprod
- Mix background specially on a timeframe 15m or more.
- The line move fast up and down.
- Better if on the bottom or the top of the lines (at a range 20 or 80).
============================================================================
>> The secret ingredient is comparing the timeframe :
The example scalping (Timeframe 1m, 5m and 15m)
- TF 1m is for making an open position.
- TF 5m is for making a judgement of the trend market.
- TF 15m is to confirm that judgement from TF 5m, be careful if it not similar then it used to be a consolidation or the beginning of the reversal.
There's a lot a way to open the position than above information that i gave it to you, but consider there are a limit chars on this column, I hope it will help your trading and make a more profit on it.
Price Action SignalsIndicator that shows buy/sell signals based on price action as it relates to a 20 day moving average. If the candle is above the 20 day moving average, we look for candles with long wicks on the top indicating selling pressure. If the candle is below the 20 day moving average we look for candles with a long bottom wick indicating buying pressure. The rules for the wick and the price action can be modified by the user. The two user defined parameters are price movement and wick length.
For instance, the user can choose to only show arrows when candle has moved by X amount. The smaller the timeframe, the smaller the amount. I Recommended the following values when looking at SPY:
On a 1m chart: .10 cents
5min chart: .15 cents
15m chart: .25 cents
1h chart: 1 dollar,
1D chart: 2 dollars
Your mileage will vary.
With the wicks, you choose a percentage. You can choose to only show an arrow above or below a candle if the wick size is at least x% the size of the candle body.
Delta Volume by SiddWolfDelta Volume is Difference between Buying Volume and Selling Volume. This indicator gives the Delta Volume based on Lower TimeFrame Candles. It utilizes security_lower_tf() function, a function that provides Lower TF candle data in Higher TF Chart.
security_lower_tf() is a new function provided by TradingView yesterday. If you are a PineScript Programmer, I suggest you to read about it, as it is a very powerful function that can extremely improve your trading strategy.
How this indicator works:
This indicator checks volume data on lower TimeFrame Candles and Shows it's delta in the current Chart Timeframe. For example: If you open 4 hours chart, this indicator checks volume of 1 minute chart and separates Buying-Selling volume. Then it subtracts Candle's Selling volume from Candle's Buying volume, finally calculating the Delta Volume.
This indicator also provides a Smooth Delta Volume, which is moving average of Delta Volume. As Delta Volume changes a lot, Smooth Delta Volume can be very helpful for identifying Trends . Goto settings and in "Show" section select "Smooth Delta Volume" to lay it on the chart.
Settings is the Key:
Settings are key to all of my indicators. Play around with it a bit. You can change what to show on the chart from settings. Smooth Delta Volume moving average length can be changed from the settings. You can also select "Show as Percentage", which shows Delta Volume as Percentage of Overall Candle's Volume. If you use Weekly or Monthly Timeframe, change increase lower timeframe from settings. Read the tooltips to understand what each settings mean. Tooltips are the (i) button in-front of each settings.
FAQs:
Q. Does the indicator Repaint ?
--- No. None of my indicators repaints. What you see now is what's drawn in real time.
Q. What TimeFrame is Best for this Indicator ?
--- It can be used on timeframes from 5 minutes to higher. But I would prefer to use it from timeframes higher than 30 minutes, as it gathers data from 1 minute TF.
Q. Indicator doesn't show anything ?
--- This indicator only works on security with Volume data. Also use it from higher timeframe than specified in Settings, because Volume Delta is calculated using Data from Lower TimeFrame.
Q. Delta volume is not provided by TradingView, So how exactly does this indicator work?
--- This indicator takes advantage of new pinescript function security_lower_tf(), and calculates volume for smaller timeframe data and calculates delta on higher timeframe.
Q. Does this indicator give financial advice?
--- No. Nope. Nein. Não. नहीं.
Conclusion:
This indicator is very basic but if used correctly it can be very powerful. If you have any questions or suggestions feel free to comment below. I'd love to connect with you. Thank you.
~ @SiddWolf
