1m Divergence Radar v.1 === Version 1 Beta, Revision 400 ===
=== Divergence Radar ===
=== Jason Tang ===
DESCRIPTION:
This script monitors several other indicators in the background, and when it detects certain combinations that indicate bullish or bearish divergences, it will create a buy or sell signal and shade the background green or red.
The indicators that this script monitors:
- 1m, 3m, 5m MACDS
- Higher Lows (Bullish Divergence) on the 3m and 5m MACD
- Lower Highs (Bearish Divergence) on the 3m and 5m MACD
- Lower Highs on the 3m and 5m DMI for buying strength (Bearish Divergence)
- Lower Highs on the 3m and 5m DMI for selling strength (Bullish Divergence)
- The 1m and 3m Keltner channel (shown as orange backgrounds only), to detect extremes in price.
The indicator will also watch for "squeeze" or "crash" conditions, at which time it will avoid sending a sell or buy signal. I have had many frustrations from shorting into a squeeze, and coded in a "don't catch the knife" safety mechanism.
To see these internal calculations, you can go to settings and check "Show Internals". Then you can check the Style tab for a label for each internal indicator.
WHY I MADE THIS:
I often watch multiple timeframes while day trading and it can be a mentally difficult task to keep track of all of the indicators on each timeframe. 1m, 3m, 5m, price candles, MACD, DMI, and more. This indicator is meant to "offload" much of the routine mental calculation like "Is there a MACD divergence on this timeframe?". It also provides me a way to visually backtest the strength of combinations of divergences. This is an ongoing project.
USAGE:
- This indicator should mainly be used on the 1m ES chart. It is meant to assist me with day trading the ES futures contract.
- Please keep in mind this is a BETA script and is in ongoing development. I tune it almost every day or week and will update it on a regular basis.
- The "buy" and "sell" zones this indicator shows are COUNTER-TREND indicators. Please keep that in mind.
- If price is RISING into a RED background, I would consider selling, if my other systems agree and if I find the risk/reward acceptable.
- If price is FALLING into a GREEN background, I would consider buying, if my other systems agree and if I find the risk/reward acceptable.
A dim RED background:
- The presence of lower highs on the 3m MACD, 5m MACD, 3m DMI Buying Strength, or 5m DMI Buying Strength
A bright RED background:
- An extremely overdone price move that is also showing some divergences. My best effort at algorithmically detecting a place to sell.
A dim GREEN background:
- The presence of higher lows on the 3m MACD, 5m MACD
- The presence of lower highs on the 3m DMI Selling Strength, or 5m DMI Selling Strength.
A bright GREEN background:
- An extremely oversold price that is also showing some divergences. My best effort at algorithmically detecting a place a buy.
A bright green dot above price (if Show Internals is checked):
- A SQUEEZE signal that cuts off any sell signal. In these conditions technical indicators do not seem to matter as forced buyers are dominating the price action. Do not be tempted to short the rip.
A bright red dot below price (if Show Internals is checked):
- A CRASH signal that cuts off any buy signal. In these conditions technical indicators do not seem to matter as forced sellers are dominating the price action. Do not be tempted to catch the knife.
Cerca negli script per "Futures"
Session Bar Color (US Time)This script is designed to change the color of bars on a trading chart based on different trading sessions in Eastern Time (ET). It is different from currently published scripts in that it specifically focuses on US time sessions and provides a customizable approach to defining and coloring each session.
To use this script, you can apply it to a chart by selecting it from the list of available indicators or overlays.
The script is meant for traders who are interested in visualizing different trading sessions on their charts. By coloring the bars based on session boundaries, it can help traders quickly identify session changes and potentially adjust their trading strategies accordingly. Mostly it's used to draw the high and low zones of each session.
The markets this script is suitable for are those that operate within the US time zones, as it specifically focuses on Eastern Time (ET) sessions. It can be used for various types of markets, including stocks, futures, and forex.
The conditions for each session are defined using the input. session function, which allows you to specify the start and end times for each session. The script includes four sessions: Asian, London, USA, and New York. By modifying the defval parameter for each session input, you can customize the session times to fit your specific trading preferences or time zone.
The script uses the time function to check if the current bar falls within a particular session. If the condition is met, it sets the color of the bar using the bar color function. Each session is assigned a different color: black for the Asian session, teal for the London session, a custom RGB color (dark red) for the USA session, and red for the New York session.
It's important to note that this script assumes the time zone of the trading platform is set to "Etc/GMT+4" to align with Eastern Time (ET). If your platform uses a different time zone, you may need to adjust the time function calls to match your desired time zone.
Volume Spread Analysis Candle PatternsVolume Spread Analysis (VSA) is a methodology used in trading and investing to analyze the relationship between volume, price spread, and price movement in financial markets. It was developed by Richard Wyckoff, a prominent trader and market observer.
The core principle of VSA is that changes in volume can provide insights into the strength or weakness of price movements and indicate the intentions of market participants. By examining the interplay between volume and price, traders aim to identify the behavior of smart money (informed institutional investors) versus less-informed market participants.
Key concepts in Volume Spread Analysis include:
1. Volume: VSA places significant emphasis on volume as a leading indicator. It suggests that changes in volume precede price movements and can provide clues about the market's sentiment.
2. Spread: The spread refers to the price range between the high and low of a given trading period (e.g., a candlestick or bar). VSA considers the relationship between volume and spread to gauge the strength of price action.
3. Upthrust and Springs: These are VSA candle patterns that indicate potential market reversals. An upthrust occurs when prices briefly move above a resistance level but fail to sustain the upward momentum. Springs, on the other hand, happen when prices briefly dip below a support level but quickly rebound.
4. No Demand and No Supply: These patterns suggest a lack of interest or participation from buyers (no demand) or sellers (no supply) at a particular price level. These conditions may foreshadow a potential price reversal or consolidation.
5. Hidden Buying and Selling: Hidden buying occurs when prices close near the high of a bar, indicating the presence of buyers even though the market appears weak. Hidden selling is the opposite, where prices close near the low of a bar, suggesting the presence of sellers despite apparent strength.
By combining these VSA concepts with other technical analysis tools, traders seek to identify potential trading opportunities with favorable risk-reward ratios. VSA can be applied to various financial markets, including stocks, futures, forex, and cryptocurrencies.
It's important to note that while VSA provides a framework for analyzing volume and price, its interpretation and application require experience, skill, and subjective judgment. Traders often use VSA in conjunction with other technical indicators and chart patterns to make well-informed trading decisions.
FalconRed VIXThe FalconRed Vix indicator is a trading tool designed to provide insights into the potential price range of the Nifty 50 index in India. It utilizes the IndiaVix value, which represents the annual percentage change of the Nifty 50 price. By analyzing the IndiaVix, the FalconRed Vix indicator helps traders determine the upper and lower price thresholds within which the Nifty 50 could potentially trend over the course of a year.
For example, if the Nifty 50 is currently at 18,500 and the IndiaVix is 10, it suggests that, at the given level of volatility, the Nifty 50 may experience price fluctuations of up to 10% in either direction over the course of a year. Consequently, the price range projected by the FalconRed Vix indicator would be between 16,650 and 20,350.
The indicator further extends its analysis to shorter time frames, including monthly, weekly, daily, hourly, 6-hour, 15-minute, 5-minute, and 1-minute intervals. By considering the Vix level, the FalconRed Vix indicator calculates the respective price ranges for these time frames.
When viewing the indicator on a chart, traders can observe a range band surrounding the current Nifty 50 price. The top line represents the upper threshold of the Nifty 50 price, while the bottom line represents the lower threshold, both based on the Vix level. This range band assists in determining potential selling points for out-of-the-money (OTM) options and aids in identifying entry or exit points for options and futures trading.
Traders can analyze the upper and lower threshold lines by drawing horizontal or trend lines, which can help identify potential breakouts or breakdowns. Furthermore, this analysis can assist in setting target prices and stop losses based on trend analysis.
It is important to note that the FalconRed Vix indicator is not a technical indicator used for determining stock buy or sell signals. Rather, it focuses on defining the potential price range based on the Vix level, which in turn aids in planning trading strategies such as short strangles, iron condors, and others.
4H RangeThis script visualizes certain key values based on a 4-hour timeframe of the selected market on the chart. These values include the High, Mid, and Low price levels during each 4-hour period.
These levels can be helpful to identify inside range price action, chop, and consolidation. They can sometimes act as pivots and can be a great reference for potential entries and exits if price continues to hold the same range.
Here's a step-by-step overview of what this indicator does:
1. Inputs: At the beginning of the script, users are allowed to customize some inputs:
Choose the color of lines and labels.
Decide whether to show labels on the chart.
Choose the size of labels ("tiny", "small", "normal", or "large").
Choose whether to display price values in labels.
Set the number of bars to offset the labels to the right.
Set a threshold for the number of ticks that triggers a new calculation of high, mid, and low values.
* Tick settings may need to be increased on equity charts as one tick is usually equal to one cent.
For example, if you want to clear the range when there is a close one point/one dollar above or below the range high/low then on ES
that would be 4 ticks but one whole point on AAPL would be 100 ticks. 100 ticks on an equity chart may or may not be ideal due to
different % change of 100 ticks might be too excessive depending on the price per share.
So be aware that user preferred thresholds can vary greatly depending on which chart you're using.
2. Retrieving Price Data: The script retrieves the high, low, and closing price for every 4-hour period for the current market.
The script also calculates the mid-price of each 4-hour period (the average of the high and low prices).
3. Line Drawing: At the start of the script (first run), it draws three lines (high, mid, and low) at the levels corresponding to the high,
mid, and low prices. Users can also change transparency settings on historical lines to view them. Default setting for historical lines
is for them to be hidden.
4. Updating Lines and Labels: For each subsequent 4-hour period, the script checks whether the close price of the period has gone
beyond a certain threshold (set by user input) above the previous high or below the previous low. If it has, the script deletes the
previous lines and labels, draws new lines at the new high, mid, and low levels, and creates new labels (if the user has opted to
show labels).
5. Displaying Values in the Data Window: In addition to the visual representation on the chart, the script also plots the high, mid, and
low prices. These plotted values appear in the Data Window of TradingView, allowing users to see the exact price levels even when
they're not directly labeled on the chart.
6. Updating Lines and Labels Position: At the end of each period, the script moves the lines and labels (if they're shown) to the right,
keeping them aligned with the current period.
Please note: This script operates based on a 4-hour timeframe, regardless of the timeframe selected on the chart. If a shorter timeframe is selected on the chart, the lines and labels will appear to extend across multiple bars because they represent 4-hour price levels. If a longer timeframe is selected, the lines and labels may not accurately represent high, mid, and low levels within that longer timeframe.
Pure Morning 2.0 - Candlestick Pattern Doji StrategyThe new "Pure Morning 2.0 - Candlestick Pattern Doji Strategy" is a trend-following, intraday cryptocurrency trading system authored by devil_machine.
The system identifies Doji and Morning Doji Star candlestick formations above the EMA60 as entry points for long trades.
For best results we recommend to use on 15-minute, 30-minute, or 1-hour timeframes, and are ideal for high-volatility markets.
The strategy also utilizes a profit target or trailing stop for exits, with stop loss set at the lowest low of the last 100 candles. The strategy's configuration details, such as Doji tolerance, and exit configurations are adjustable.
In this new version 2.0, we've incorporated a new selectable filter. Since the stop loss is set at the lowest low, this filter ensures that this value isn't too far from the entry price, thereby optimizing the Risk-Reward ratio.
In the specific case of ALPINE, a 9% Take-Profit and and Stop-Loss at Lowest Low of the last 100 candles were set, with an activated trailing-stop percentage, Max Loss Filter is not active.
Name : Pure Morning 2.0 - Candlestick Pattern Doji Strategy
Author : @devil_machine
Category : Trend Follower based on candlestick patterns.
Operating mode : Spot or Futures (only long).
Trades duration : Intraday
Timeframe : 15m, 30m, 1H
Market : Crypto
Suggested usage : Short-term trading, when the market is in trend and it is showing high volatility .
Entry : When a Doji or Morning Doji Star formation occurs above the EMA60.
Exit : Profit target or Trailing stop, Stop loss on the lowest low of the last 100 candles.
Configuration :
- Doji Settings (tolerances) for Entry Condition
- Max Loss Filter (Lowest Low filter)
- Exit Long configuration
- Trailing stop
Backtesting :
⁃ Exchange: BINANCE
⁃ Pair: ALPINEUSDT
⁃ Timeframe: 30m
⁃ Fee: 0.075%
⁃ Slippage: 1
- Initial Capital: 10000 USDT
- Position sizing: 10% of Equity
- Start: 2022-02-28 (Out Of Sample from 2022-12-23)
- Bar magnifier: on
Disclaimer : Risk Management is crucial, so adjust stop loss to your comfort level. A tight stop loss can help minimise potential losses. Use at your own risk.
How you or we can improve? Source code is open so share your ideas!
Leave a comment and smash the boost button!
Thanks for your attention, happy to support the TradingView community.
Farzan Paid CaliburnFarzan Paid Caliburn is used to identify trends and smoothen out price fluctuations. It was derived from the candlestick charting techniques, and it is based on open, high, low and close prices from the previous session
The Farzan Paid Caliburn indicator is plotted as a candlestick chart with a series of Blue and Black candles. The Blue candles indicate an uptrend while Black candles indicate a downtrend.
The Farzan Paid Caliburn indicator is a trend-following indicator that helps traders identify the direction of the current market trend.
To use this Farzan Paid Caliburn indicator you need to follow these steps :-
*1.Open the chart of a particular stock you want to trade.
*2.Fix the time interval of 10 minutes for the intraday trading. For that, you can use Tradingview charts.
*3.Insert the Farzan Paid Caliburn as your indicator.
The Farzan Paid Caliburn is shown under the main chart and their plots indicate the current trend. Farzan Paid Caliburn indicator can be used with varying periods (daily, weekly, intraday etc.) and on varying instruments (stocks, futures or forex) .
My personal preference is to use the Indicator on Weekly chart for best result.
ICT Commitment of Traders° by toodegreesDescription:
The Commitment of Traders (COT) is a valuable raw data report released weekly by the Commodity Futures Trading Commission (CFTC). This report offers insights into the current long and short positions of three key market entities:
Commercial Traders ( usually represented in red )
Large Traders ( typically depicted in green )
Small Speculator Traders ( commonly shown in blue )
The concept of utilizing the COT data as a strategic trading tool was first introduced by Larry Williams, who emphasized the importance of monitoring Commercial Speculators – large corporate producers or consumers of commodities.
The Inner Circle Trader (ICT) prompts us to delve deeper into this data. While we can easily determine their Net Position (also referred to as the Main Program) by subtracting Commercial Short Positions from the Commercial Long Positions, this calculation doesn't reveal their ongoing Hedge Program .
Merely following the Main Program won't provide a trading edge. Aligning with the Hedge Program can be an invaluable weapon in your trading arsenal.
The Commercial Speculators' Hedge Program can be unveiled by examining the highest and lowest reading of their Net Position over a chosen time period and setting a new "zero line" between these extremes. This process generates a novel "COT Graph" providing a detailed understanding of the Commercial Speculators' current market activity.
When the Hedge Program, Seasonality, and Open Interest are cross-referenced with Institutional Orderflow, a trader can construct a very clear medium-to-long-term market narrative.
Features:
Access COT Data for the Commercial Speculators via Tradingview's reliable data source
Automate calculations and display the 3-month, 6-month, 12-month, 2-year, and 3-year Hedge Program
Define your own Custom Time Range for the Hedge Program
Display the Main Program and all Hedge Programs in an easy-to-understand table format
Additionally, by following the included instructions, you can augment your table with COT data from multiple markets. This extra information can help monitor correlated markets and develop a more robust market narrative:
SPX ES SpreadA very simple indicator to display the spread between ES and SPX. The table by default displays in the upper right corner of the chart. If you are on the chart for SPX, it will show the current price of ES, as well as the difference in points between the two. Similarly, if on the chart for ES, it will show the price for SPX as well as the difference in points between the two. The table does not appear at all if the chart symbol is anything other than ES or SPX. The specific symbols used can be defined by the user.
Volume DashboardReleasing Volume Dashboard indicator.
What it does:
The volume dashboard indicator pulls volume from the current session. The current session is defaulted to NYSE trading hours (9:30 - 1600).
It cumulates buying and selling volume.
Buying volume is defined as volume associated with a green candle.
Selling volume is defined as volume associated with a red candle.
It also pulls Put to Call Ratio data from the Ticker PCC (Total equity put to call ratios).
With this data, the indicator displays the current Buy Volume and the Current Sell Volume.
It then uses this to calculate a "Buyer to Seller Ratio". The Buy to Sell ratio is calculated by Buy Volume divided by Sell Volume.
This gives a ratio value and this value will be discussed below.
The Indicator also displays the current Put to Call Ratio from PCC, as well as displays the SMA.
Buy to Sell Ratio:
The hallmark of this indicator is its calculation of the buy to sell ratio.
A buy to sell ratio of 1 or greater means that buyers are generally surpassing sellers.
However, a buy to sell ratio below 1 generally means that sellers are outpacing buyers (0 buyers to 0.xyx sellers).
The SMA is also displayed for buy to sell ratio. Generally speaking, a buy to sell SMA of greater than or equal to 1 means that there are consistent buyers showing up. Below this, means there is inconsistent buying.
Change Analysis:
The indicator also displays the current change of Volume and Put to Call.
Put to Call Change:
A negative change in Put to Call is considered positive, as puts are declining (i.e. sentiment is bullish).
A positive change in Put to Call is considered negative, as puts are increasing (i.e. sentiment is bearish).
The Put to Call change is also displayed in an SMA to see if the negative or positive change is consistent.
Volume Change :
A negative volume change is negative, as buyers are leaving (i.e. sentiment is bearish).
A positive volume change is positive, as buyers are coming in (i.e. sentiment is bullish).
The volume change is also displayed as an SMA to see if the negative or positive change is consistent.
Indicator breakdown:
The indicator displays the total cumulative Buy vs Sell volume at the top.
From there, it displays the Ratio and various other variables it tracks.
The colour scheme will change to signal bearish vs bullish variables. If a box is red, the indicator is assessing it as a bearish indicator.
If it is green, it is considered a bullish indicator.
The indicator will also plot a green up arrow when buying volume surpasses selling volume and a red down arrow when selling volume surpasses buying volume:
Customization:
The indicator is defaulted to regular market hours of the NYSE. If you are using this for trading Futures, or trading pre-market, you will need to manually adjust the session time to include these time periods.
The indicator is defaulted to read volume data on the 1 minute timeframe. My suggestion is to leave it as such, even if you are viewing this on the 5 minute timeframe.
The volume data is best accumulated over the 1 minute timeframe. This permits more reliable reading of volume data.
However, you do have the ability to manually modify this if you wish.
As well, the user can toggle on or off the SMA assessments. If you do not wish to view the SMAs, simply toggle off "Show SMAs" in the settings menu.
The user can also choose what time period the SMA is using. It is defaulted to a 14 candle lookback, but you can modify this to your liking, simply input the desired lookback time in the SMA lookback input box on the settings menu. Please note, the SMA Length setting will apply to ALL of the SMAs.
That is the bulk of the indicator!
As always, let me know your questions or feedback on the indicator below.
Thank you for taking the time to check it out and safe trades!
Yearly Open LevelsThis script is a custom indicator for TradingView that shows the yearly open price levels on a chart. It differs from other scripts as it plots a single line for each year, showing the open price for that year, and labels the line with the year and open price. This indicator can be useful for identifying key levels of support and resistance based on the yearly open price.
To use this indicator, you need to add it to your TradingView chart and adjust the input parameters, such as the starting year and color. The script will then automatically plot lines and labels for each year's open price.
This script can be used in any market that has a yearly open price, such as stocks, futures, forex, and cryptocurrencies. However, it may be most useful in markets that tend to have significant year-to-year price movements, as it can help identify important levels of support and resistance. It may also be most effective in markets with a clear yearly cycle, such as those that tend to be influenced by seasonal factors.
Daily Gaps & Trapped PositionsThis script builds substantially upon the default Gaps script provided by Tradingview. Functionality was added to allow users to decide what price from the previous session is used to determine a daily gap, added support for showing gaps across all timeframes up to the daily time frame, and also allow gaps to be shown even with ETH enabled on the chart. This script provides support across normal securities, futures, and also crypto.
Users can decide between the following selections to determine if a daily gap has formed:
- Previous Session Close
- Previous Session High/Low
- Last RTH Candle High/Low
The other larger piece that was added is something called trapped positions or what some folks familiar with Market Profile would call "single prints". They could also be considered FVGs but they are a specific subset of FVGs as these must from above or below the current session's high/low.
Single prints form above or below a current session's high/low and can be considered an area where price has moved too fast in that area and price will most likely return to these areas at a later point in time. In some teachings, these are also looked at as "trapped shorts" (lighter blue box color) or "trapped supply" (yellow orange box color) which creates an area where there will be potential support (trapped shorts) or resistance (trapped supply) when this area is revisited in the future. Adding these to your chart will simply provide additional areas of interest where you may see buying or selling.
Both gaps and trapped positions have the following options:
- Show only active gaps/trapped positions. Selecting this will only show areas where price has not completely traded through the box.
- Close gaps/trapped positions partially. If this is selected, it will reduce the box size as price is traded through the area. If it is not selected, the box will only disappear once price has traded through the entire box completely.
There are some additional settings that allow you to tailor how many boxes show up on the chart. These settings are as follows:
- Max number of boxes. This setting will only plot up to this number of gaps/trapped positions.
- Minimum Deviation. This will prevent gaps/trapped positions from showing if they are too small relative to average across that last 14 periods.
- Limit Max Box Trail Length (bars). If checkbox is selected, the box will stop being extended after X number of bars given in this input.
Yesterday’s High Breakout - Trend Following StrategyYesterday’s High Breakout it is a trading system based on the analysis of yesterday's highs, it works in trend-following mode therefore it opens a long position at the breakout of yesterday's highs even if they occur several times in one day.
There are several methods for exiting a trade, each with its own unique strategy. The first method involves setting Take-Profit and Stop-Loss percentages, while the second utilizes a trailing-stop with a specified offset value. The third method calls for a conditional exit when the candle closes below a reference EMA.
Additionally, operational filters can be applied based on the volatility of the currency pair, such as calculating the percentage change from the opening or incorporating a gap to the previous day's high levels. These filters help to anticipate or delay entry into the market, mitigating the risk of false breakouts.
In the specific case of NULS, a 9% Take-Profit and a 3% Stop-Loss were set, with an activated trailing-stop percentage. To postpone entry and avoid false breakouts, a 1% gap was added to the price of yesterday's highs.
Name : Yesterday's High Breakout - Trend Follower Strategy
Author : @tumiza999
Category : Trend Follower, Breakout of Yesterday's High.
Operating mode : Spot or Futures (only long).
Trade duration : Intraday.
Timeframe : 30M, 1H, 2H, 4H
Market : Crypto
Suggested usage : Short-term trading, when the market is in trend and it is showing high volatility.
Entry : When there is a breakout of Yesterday's High.
Exit : Profit target or Trailing stop, Stop loss or Crossunder EMA.
Configuration :
- Gap to anticipate or postpone the entry before or after the identified level
- Rate of Change for Entry Condition
- Take Profit, Stop Loss and Trailing Stop
- EMA length
Backtesting :
⁃ Exchange: BINANCE
⁃ Pair: NULSUSDT
⁃ Timeframe: 2H
⁃ Fee: 0.075%
⁃ Slippage: 1
- Initial Capital: 10000 USDT
- Position sizing: 10% of Equity
- Start : 2018-07-26 (Out Of Sample from 2022-12-23)
- Bar magnifier: on
Credits : LucF for Pine Coders (f_security function to avoid repainting using security)
Disclaimer : Risk Management is crucial, so adjust stop loss to your comfort level. A tight stop loss can help minimise potential losses. Use at your own risk.
How you or we can improve? Source code is open so share your ideas!
Leave a comment and smash the boost button!
Thanks for your attention, happy to support the TradingView community.
Market Structure & Liquidity: CHoCHs+Nested Pivots+FVGs+Sweeps//Purpose:
This indicator combines several tools to help traders track and interpret price action/market structure; It can be divided into 4 parts;
1. CHoCHs, 2. Nested Pivot highs & lows, 3. Grade sweeps, 4. FVGs.
This gives the trader a toolkit for determining market structure and shifts in market structure to help determine a bull or bear bias, whether it be short-term, med-term or long-term.
This indicator also helps traders in determining liquidity targets: wether they be voids/gaps (FVGS) or old highs/lows+ typical sweep distances.
Finally, the incorporation of HTF CHoCH levels printing on your LTF chart helps keep the bigger picture in mind and tells traders at a glance if they're above of below Custom HTF CHoCH up or CHoCH down (these HTF CHoCHs can be anything from Hourly up to Monthly).
//Nomenclature:
CHoCH = Change of Character
STH/STL = short-term high or low
MTH/MTL = medium-term high or low
LTH/LTL = long-term high or low
FVG = Fair value gap
CE = consequent encroachement (the midline of a FVG)
~~~ The Four components of this indicator ~~~
1. CHoCHs:
•Best demonstrated in the below charts. This was a method taught to me by @Icecold_crypto. Once a 3 bar fractal pivot gets broken, we count backwards the consecutive higher lows or lower highs, then identify the CHoCH as the opposite end of the candle which ended the consecutive backwards count. This CHoCH (UP or DOWN) then becomes a level to watch, if price passes through it in earnest a trader would consider shifting their bias as market structure is deemed to have shifted.
•HTF CHoCHs: Option to print Higher time frame chochs (default on) of user input HTF. This prints only the last UP choch and only the last DOWN choch from the input HTF. Solid line by default so as to distinguish from local/chart-time CHoCHs. Can be any Higher timeframe you like.
•Show on table: toggle on show table(above/below) option to show in table cells (top right): is price above the latest HTF UP choch, or is price below HTF DOWN choch (or is it sat between the two, in a state of 'uncertainty').
•Most recent CHoCHs which have not been met by price will extend 10 bars into the future.
• USER INPUTS: overall setting: SHOW CHOCHS | Set bars lookback number to limit historical Chochs. Set Live CHoCHs number to control the number of active recent chochs unmet by price. Toggle shrink chochs once hit to declutter chart and minimize old chochs to their origin bars. Set Multi-timeframe color override : to make Color choices auto-set to your preference color for each of 1m, 5m, 15m, H, 4H, D, W, M (where up and down are same color, but 'up' icon for up chochs and down icon for down chochs remain printing as normal)
2. Nested Pivot Highs & Lows; aka 'Pivot Highs & Lows (ST/MT/LT)'
•Based on a seperate, longer lookback/lookforward pivot calculation. Identifies Pivot highs and lows with a 'spikeyness' filter (filtering out weak/rounded/unimpressive Pivot highs/lows)
•by 'nested' I mean that the pivot highs are graded based on whether a pivot high sits between two lower pivot highs or vice versa.
--for example: STH = normal pivot. MTH is pivot high with a lower STH on either side. LTH is a pivot high with a lower MTH on either side. Same applies to pivot lows (STL/MTL/LTL)
•This is a useful way to measure the significance of a high or low. Both in terms of how much it might be typically swept by (see later) and what it would imply for HTF bias were we to break through it in earnest (more than just a sweep).
• USER INPUTS: overall setting: show pivot highs & lows | Bars lookback (historical pivots to show) | Pivots: lookback/lookforward length (determines the scale of your pivot highs/lows) | toggle on/off Apply 'Spikeyness' filter (filters out smooth/unimpressive pivot highs/lows). Set Spikeyness index (determines the strength of this filter if turned on) | Individually toggle on each of STH, MTH, LTH, STL, MTL, LTL along with their label text type , and size . Toggle on/off line for each of these Pivot highs/lows. | Set label spacer (atr multiples above / below) | set line style and line width
3. Grade Sweeps:
•These are directly related to the nested pivots described above. Most assets will have a typical sweep distance. I've added some of my expected sweeps for various assets in the indicator tooltips.
--i.e. Eur/Usd 10-20-30 pips is a typical 'grade' sweep. S&P HKEX:5 - HKEX:10 is a typical grade sweep.
•Each of the ST/MT/LT pivot highs and lows have optional user defined grade sweep boxes which paint above until filled (or user option for historical filled boxes to remain).
•Numbers entered into sweep input boxes are auto converted into appropriate units (i.e. pips for FX, $ or 'handles' for indices, $ for Crypto. Very low $ units can be input for low unit value crypto altcoins.
• USER INPUTS: overall setting: Show sweep boxes | individually select colors of each of STH, MTH, LTH, STL, MTL, LTL sweep boxes. | Set Grade sweep ($/pips) number for each of ST, MT, LT. This auto converts between pips and $ (i.e. FX vs Indices/Crypto). Can be a float as small or large as you like ($0.000001 to HKEX:1000 ). | Set box text position (horizontal & vertical) and size , and color . | Set Box width (bars) (for non extended/ non-auto-terminating at price boxes). | toggle on/off Extend boxes/lines right . | Toggle on/off Shrink Grade sweeps on fill (they will disappear in realtime when filled/passed through)
4. FVGs:
•Fair Value gaps. Represent 'naked' candle bodies where the wicks to either side do not meet, forming a 'gap' of sorts which has a tendency to fill, or at least to fill to midline (CE).
•These are ICT concepts. 'UP' FVGS are known as BISIs (Buyside imbalance, sellside inefficiency); 'DOWN' FVGs are known as SIBIs (Sellside imbalance, buyside inefficiency).
• USER INPUTS: overall setting: show FVGs | Bars lookback (history). | Choose to display: 'UP' FVGs (BISI) and/or 'DOWN FVGs (SIBI) . Choose to display the midline: CE , the color and the line style . Choose threshold: use CE (as opposed to Full Fill) |toggle on/off Shrink FVG on fill (CE hit or Full fill) (declutter chart/see backtesting history)
////••Alerts (general notes & cautionary notes)::
•Alerts are optional for most of the levels printed by this indicator. Set them via the three dots on indicator status line.
•Due to dynamic repainting of levels, alerts should be used with caution. Best use these alerts either for Higher time frame levels, or when closely monitoring price.
--E.g. You may set an alert for down-fill of the latest FVG below; but price will keep marching up; form a newer/higher FVG, and the alert will trigger on THAT FVG being down-filled (not the original)
•Available Alerts:
-FVG(BISI) cross above threshold(CE or full-fill; user choice). Same with FVG(SIBI).
-HTF last CHoCH down, cross below | HTF last CHoCH up, cross above.
-last CHoCH down, cross below | last CHoCH up, cross above.
-LTH cross above, MTH cross above, STH cross above | LTL cross below, MTL cross below, STL cross below.
////••Formatting (general)::
•all table text color is set from the 'Pivot highs & Lows (ST, MT, LT)' section (for those of you who prefer black backgrounds).
•User choice of Line-style, line color, line width. Same with Boxes. Icon choice for chochs. Char or label text choices for ST/MT/LT pivot highs & lows.
////••User Inputs (general):
•Each of the 4 components of this indicator can be easily toggled on/off independently.
•Quite a lot of options and toggle boxes, as described in full above. Please take your time and read through all the tooltips (hover over '!' icon) to get an idea of formatting options.
•Several Lookback periods defined in bars to control how much history is shown for each of the 4 components of this indicator.
•'Shrink on fill' settings on FVGs and CHoCHs: Basically a way to declutter chart; toggle on/off depending on if you're backtesting or reading live price action.
•Table Display: applies to ST/MT/LT pivot highs and to HTF CHoCHs; Toggle table on or off (in part or in full)
////••Credits:
•Credit to ICT (Inner Circle Trader) for some of the concepts used in this indicator (FVGS & CEs; Grade sweeps).
•Credit to @Icecold_crypto for the specific and novel concept of identifying CHoCHs in a simple, objective and effective manner (as demonstrated in the 1st chart below).
CHoCH demo page 1: shifting tweak; arrow diagrams to demonstrate how CHoCHs are defined:
CHoCH demo page 2: Simplified view; short lookback history; few CHoCHs, demo of 'latest' choch being extended into the future by 10 bars:
USAGE: Bitcoin Hourly using HTF daily CHoCHs:
USAGE-2: Cotton Futures (CT1!) 2hr. Painting a rather bullish picture. Above HTF UP CHoCH, Local CHoCHs show bullish order flow, Nice targets above (MTH/LTH + grade sweeps):
Full Demo; 5min chart; CHoCHs, Short term pivot highs/lows, grade sweeps, FVGs:
Full Demo, Eur/Usd 15m: STH, MTH, LTH grade sweeps, CHoCHs, Usage for finding bias (part A):
Full Demo, Eur/Usd 15m: STH, MTH, LTH grade sweeps, CHoCHs, Usage for finding bias, 3hrs later (part B):
Realtime Vs Backtesting(A): btc/usd 15m; FVGs and CHoCHs: shrink on fill, once filled they repaint discreetly on their origin bar only. Realtime (Shrink on fill, declutter chart):
Realtime Vs Backtesting(B): btc/usd 15m; FVGs and CHoCHs: DON'T shrink on fill; they extend to the point where price crosses them, and fix/paint there. Backtesting (seeing historical behaviour):
Traffic Light Signal - POSTraffic Light Signal (TLS) is simple and most easy setup to trade.
How The Traffic Light Signal Works ?
First You have to find a Green and red candle pair or red and green candle pair then mark there highest high and lowest low with the help of line tool. if High breaks go for Buy and when low breaks go Sell. Avoid Doji candle Pair to get better result.
Additonal Indicator Used :
Relative Strength Index : To find Overbought and Oversold Zones
How to Take trade with The help of TLS indicator :
The Indicator detects the Pair candle and detect whether the pair bar high or low cross over or cross under and display the signal over the chart.
if Triangle UP Shape Appears on chart , Once the high of the signal candle breaks take entry for buy side StopLoss will be low of the signal candle.
if Triangle Down Shape Appears on chart, once the low of the signal candle breaks take entry for Short side StopLoss will be low of the signal Candle.
Always Try to take profit 1:2 or as per your risk rewards.
Note :
if you are scalping then avoid first and Last Bar of day in 1 min and 3 min timeframe only
if you are Intraday Trader Use 5 Min and 15 Min max for this strategy.
if your are positional Trader use 1hr or 1 day Timeframe to trade.
No more than 3 trades to trade on this indicator.
Use Additional Indicator for Accuracy
Indicator works on Crypto , Equity , Futures , Options.
Hope you like this if any issue with this indicator ask below or message me.
Thanks and Regards,
TradingTail
Opening Range with FibsThe indicator uses a time range and another instrument for time reference, so that it works in the time zone you care about. I have set the default to SPX500USD since it is in EST ( SPX , ES and many futures are on Chicago time and opening range gets confused). You can change the reference instrument in the settings.
You can also change the multipliers and use other values instead of 1.272 and 1.618 for Fib extensions.
TradingView has a limit as to how many objects an indicator can create so if you want to go back further for visual backtesting - use the replay tool - it will be able to draw up to the time you selected within its limits.
Let me know if you need anything else...
Happy Trading!
Range Analysis - By LeviathanThe Interactive Range Analysis script is an essential tool for analyzing price ranges. It automatically draws important range levels, generates a Volume Profile or Open Interest profile and horizontal/vertical heatmaps, plots the anchored VWAP, draws Fibonacci levels, and much more.
How to use the indicator:
1. The script will prompt you to select the "Start Time" and "End Time" using Tradingview's interactive interface. These two points will determine the length of the range.
2. Once you have selected the range, the script will automatically anchor the range highs and lows to the highest and lowest close/wick/hlc3/ohlc4 (whichever you prefer).
3. You can then begin exploring different tools and options such as Quarters, Eighths, Fibonacci, Outer Levels, VWAP, Horizontal Volume/OI Heatmap, Vertical Volume/OI Heatmap, Fixed Range Volume Profile, Open Interest Profile, Value Area, VAH, VAL, and POC.
4. You can adjust the range by dragging the Start Time and End Time anchors or by removing/reapplying the script.
Tool overview
Range Levels
After selecting your preferred time range, the script will identify and draw a range high level and a range low level, which serve as a base for other important levels. “Half” is the level halfway between the range high and range low. “Quarters” will, as the name suggests, split the range into four equal zones (quarters) and “Eighths” will split the range into eight equal zones (eighths).
”Fibonacci” option allows you to display Fibonacci retracement levels (0.786, 0.618, 0.382, 0.236). “VWAP” will plot a Volume Weighted Average Price, anchored to the start of the range. “Direction” input lets you choose whether your range is UP or DOWN trending in order to make sure that the Fibonacci levels and labels are generated and assigned correctly. With “Outer” turned ON, the script will also generate active levels (quarters/eighths/Fibonacci) above and below the selected price range. “Extend Right” will extend all levels to the right indefinitely, while “Extend (+Bars)” lets you choose how far right the levels get extended. “Diagonal Line” is drawn from the bottom left of the range to the top right of the range or from the top left of the range to the bottom right of the range, depending on the “Direction” input.
Volume Profile / Open Interest Profile
After selecting the “Data Type”, Volume Profile or OI Profile can be generated by turning ON the “Volume/OI Profile” option.
“Resolution” input defines the amount of nodes/rows in the range that are used in profile/heatmap generation for distributing the data. While you can increase the “Resolution” to get better, more granular profiles, you should keep in mind that you might need to lower the resolution when generating profiles for larger ranges.
”Node Type” offers you two options when it comes to the representation of data: Up/Down - divides a node in two sections for up volume/OI and down volume/OI, Total - one node for total volume/OI and Delta - net difference in up volume/OI and down volume/OI.
”Profile Position” lets you choose whether the profile is positioned on the left side of the range or on the right side of the range.
“Profile Direction” determines whether the profile nodes are facing right or left.
“Profile Type” enables you to visualize the nodes in a classic way (Type 1) or in a way where down volume/negative OI are positioned on the left side of the y axis and up volume/positive OI on the right side of the y axis.
“Node Size (%)” defines how much space in the range can be taken by the profile’s nodes. Eg. 50% will allow the largest node to extend to the middle of the range (and others scaled accordingly), 100% will allow the largest node to extend the max right point of the range (and others scaled accordingly).
”Value Area (%)” defines the VA zone, which represents the area where the most volume occured (usually 70% or 68%).
”Horizontal Heatmap” will display a heatmap-like overlay, that will help you identify the price levels where most volume/open interest action occurred.
”Vertical Heatmap” will display a heatmap-like overlay, that will help you identify the points in time where most volume/open interest action occurred.
A more detailed description of this indicator is coming in the next few days.
Important:
* If volume or OI profile does not get generated, try lowering the resolution.
* Once in a while, the script will disappear from your chart. Just remove and reapply.
* Open Interest data is only avaiable on Binance Perpetual Futures pairs
To learn more, read the tooltips in the indicator’s settings and stay tuned for upcoming additions (Range Market Structure, Liquidation Levels, Range Statistics,…)
Federal Funds Rate Projections [tedtalksmacro]Track the Federal Funds Rate projections for each month via the Fed Funds Rate Futures Contracts CBOT:ZQ1!
This will be updated monthly to ensure that the current and relevant contracts are implemented.
Traders can use this to speculate on whether the Federal Reserve is likely to raise, cut or do nothing to their key interest rate at the next meeting.
Volume StrengthThe "Volume Strength" indicator
A technical analysis tool that helps traders evaluate the strength of the current market trend by measuring the cumulative volume over a specified period of time. It calculates the cumulative volume of a stock and divides it by the average cumulative volume over a specified period. This ratio is referred to as the "volume strength" and is plotted as a line on a chart. The indicator also provides overbought and oversold levels, which are horizontal lines on the chart that represent predetermined levels of overbought and oversold conditions.
The color of the volume strength line changes based on the current strength level. If the line is above the overbought level, it is colored red. If the line is below the oversold level, it is colored green. If the line is between the overbought and oversold levels, it is colored blue. The indicator also provides alerts for overbought and oversold conditions.
HOW TO USE:
1. Load the indicator onto the chart of the desired market. It works best in markets where volume data is available, such as stocks, futures, indices and cryptocurrencies. But you can also use it in the Forex market, where tick volume data will be used to calculate the indicator.
2. Adjust the length parameter to set the period for which the cumulative volume is calculated and the average cumulative volume is calculated.
3. Adjust the overbought and oversold levels as desired. These levels determine the horizontal lines that represent overbought and oversold conditions on the chart.
4. Observe the volume strength line and the overbought/oversold levels on the chart. If the volume strength line is red, the volume is considered overbought. If the line is green, the volume is considered oversold. If the line is blue, the volume is considered to be between the overbought and oversold levels. The indicator will provide alerts for overbought and oversold conditions. The indicator is an excellent tool for finding price-volume divergences.
SETTINGS:
Length: The period over which the cumulative volume is calculated and the average cumulative volume is calculated. The default is 14.
Overbought Level: The level at which the volume is considered overbought. The default is 1.2.
Oversold Level: The level at which the volume is considered oversold. The default is 0.8.
Please leave a comment & like :)
Ehlers Stochastic Center Of Gravity [CC]The Stochastic Center Of Gravity Indicator was created by John Ehlers (Cybernetic Analysis For Stocks And Futures pgs 79-80), and this is one of the many cycle scripts that I have created but not published yet because, to be honest, I don't use cycle indicators in my everyday trading. Many of you probably do, so I will start publishing my big backlog of cycle-based indicators. These indicators work best with a trend confirmation or some other confirmation indicator to pair with it. The current cycle is the length of the trend, and since most stocks generally change their underlying trend quite often, especially during the day, it makes sense to adjust the length of this indicator to match the stock you are using it on. As you can see, the indicator gives constant buy and sell signals during a trend which is why I recommend using a confirmation indicator.
I have color-coded it to use lighter colors for normal signals and darker colors for strong signals. Buy when the line turns green and sell when it turns red.
Let me know if there are any other scripts you would like to see me publish!
Volume Anomaly DetectorThis indicator is designed to detect volume anomalies such as block orders, large institutional orders, and sweep orders. It works by comparing the current volume to the moving average of volume and identifying deviations that exceed a specified threshold. By detecting anomalous volume, it can help traders identify potential market-moving events and anticipate changes in price direction.
One key difference between this indicator and others is its focus on volume anomalies rather than just overall volume or price movements. This can provide traders with additional insights into market conditions and help them identify trading opportunities that may not be visible using other indicators.
In terms of timeframe and market conditions, this indicator can be used on any timeframe and in any market where volume data is available. However, it may be particularly useful in markets with high liquidity and significant institutional participation, such as equities and futures markets. It may also be most effective during periods of heightened volatility or when significant news or events are expected to impact the market. As with any trading indicator, it's important to use it in conjunction with other tools and analysis to confirm signals and make informed trading decisions.
Trading Day Holidays: 8am reminder of early closing day ahead-Designed for Index Futures(ES,NQ,YM). 8am Visual reminder on the morning of a holiday trading day that trading will cease at 1pm (NY time).
-This is updated and stripped down version of @Daveatt's 2020 script: 'BEST USA Bank Holidays Helper'.
-Simply marks 'HOLIDAY' on the holiday trading days, at 8am NY time on that day. Past 'HOLIDAY' labels will delete when new ones print.
-Should be 9 of these 'half-day' days throughout the year (not including Xmas period)
~I plan to update this each year
Anchored SMAThis is not your usual single moving average (SMA) indicator. It is an anchored SMA indicator. The anchored SMA does what other SMAs cannot--it stays at an anchored timeframe and presents that SMA relative to the timeframe you are in. For example, standard SMA indicators adjust to the timeframe you are viewing in your chart. So if you set it to a 20 day SMA while in the 1 Day timeframe, when you switch to the 5 minute timeframe, your 20 day SMA now becomes a 100 minute SMA indicator--that is it is only calculating the SMA for 20 ticks at 5 minutes each rather than holding the 20 day indicator at the higher timeframe. However, with the anchored SMA, the indicator would have held at the 20 day SMA while you were in the 5 minute timeframe.
The default setting is for the anchored SMA is the five day SMA. This can be adjusted in the settings to be any amount of ticks in any timeframe you choose from 1 minute to 1 week. The indicator does not hold accurately at timeframes outside of this range. The accompanying chart is the SPX in the 15 minute timeframe with the default anchored SMA settings in blue and the standard 200 tick SMA in black. Now, you could manually adjust the ticks to 130 SMA to fit the same blue line, but why do so when the anchored SMA does it for you?
This brings us to a very important note--this indicator is set to standard market hours at 6.5 hours per day. This means this indicator would not give the same results in markets with different hours, such as futures, FOREX, or Crypto markets. This only holds for equity markets. However, that is not to say it cannot be used in these other markets, it's that it wouldn't be the same result. Anyway, enjoy!
