Didi's TrendChanges the background according to the DMI trend.
Based on the way the infamous Brazilian trader with over 40 years experience, Master Didi Aguiar reads the Directional Movement Index — one indicators in his setup.
It's read this way:
Only trade on the direction of the trend. Start the trade when accelerating:
Blue = Long trend
Bright Blue = Long trend, accelerating
Purple = Short trend
Bright Purple = Short trend, accelerating
Change from bright to dark color = ADX's bounce, the first signal to exit the trade.
Nor coloured background = no trend.
Use other indicators to confirm your trades.
Not recommended for color blind people :)
-----------------------------------------
Indicador que muda a cor do fundo de acordo com a tendencia.
É baseado na maneira que Didi Aguiar lê o DMI e o ADX .
Lê-se assim:
Fundo azul = Tendencia de compra
Fundo roxo = Tendencia de venda
Cor mais saturada (vibrante) = Tendencia acelerante
Passou de cor mais clara para mais escura = Kick do ADX
Sem coloração de fundo = Sem tendencia
Não é indicado para pessoas que sofrem de daltonismo.
Cerca negli script per "adx"
ADX_TSI_Bol Band Trend ChaserThe idea of this script is to be a low risk strategy on trending stocks (or any other trending market), aiming to achieve minimal draw down (e.g. at time of writing AAPL only had ~1.36% draw down, FB ~1.93% draw down and the SPY was 0.80% draw down and all remained profitable).
Testing proved it shouldn't be used in choppy stocks and best period was on daily charts. The back test filter goes back until 2010 so you can obtain 10 years of data.
The strategy utilizes the 200 Moving Average, a Custom Bollinger Band, a TSI with 52 period weighted moving average and ADX strength.
Although back test dates are set to 2010 - 2020, all other filters (moving average, ADX, TSI , Bollinger Band) are not locked so they can be user amended if desired. However the current settings have been tested with manual trading for quite some time to get this combination correct.
Buy signal is given when trading above the 200 moving average + 5 candles have closed above the upper custom Bollinger + the TSI is positive + ADX is above 20.
As back testing proved that this traded better only in tends then some Sell/Short conditions have been removed from the script and this only takes Long orders.
Only requires 2 additional lines of code to add shorting order and then remove the "buy" condition and this could be used for a downward trending stock instead.
Close for either long or short trades is signaled once the TSI crosses in the opposite direction indicating change in trend strength.
Further optimization could be achieved by adding a stop loss, which I may do in the future.
NOTE: This only shows the lower indicators however for visualization you can use my script "CUSTOM BOLLINGER WITH SMA", which is the upper indicators in this strategy.
This is my first attempt at coding a strategy so I'm happy to receive any feedback or hints on how this could be written better from any experienced coders!
NASDAQ:AAPL AMEX:SPY
RSI and A/D StrengthThis is an edit of Chris Moody's EMA of RSI script see the original here:
The edited version has an accumulation distribution line as well as well as two SMAs
If you want a detailed look at how I use ADX and DI along with it to enter/exit please see the following video and article
youtu.be
bitcointradingtoday.com
GBPUSD V2"GBPUSD V2" is a multi-confirmation trading strategy built specifically for GBP/USD, but adaptable to other major forex pairs. It combines Heikin-Ashi candles with EMA, MACD, RSI, and ADX filters to generate high-probability long and short signals.
Key Features:
📊 Heikin-Ashi EMA Trend Filter to smooth price action and filter direction
📈 MACD Crossovers confirm momentum entry points
🔍 RSI Thresholds for overbought/oversold validation
📉 ADX Filter ensures entries only occur in strong trending conditions
🕒 Customizable Time Session and Weekday Filters – trade only during preferred hours and days
🔁 Optional Multi-Timeframe Confirmation to align lower timeframe signals with higher timeframe EMA trends
📏 ATR-Based TP/SL Calculations with optional candle quality check
✅ Backtested and optimized on the 10-minute timeframe (M10), making it well-suited for short-term intraday strategies.
This strategy is suitable for both manual and automated trading approaches, especially for intraday and swing traders who prioritize precision and signal quality.
Big Mover Catcher BTC 4h🧠 Big Mover Catcher (BTC 4H Strategy) — Educational Tool
⚠️ Disclaimer: I am not a financial advisor. This script is for educational and testing purposes only. Cryptocurrency trading is highly volatile and involves significant risk. You can lose all of your invested capital.
📌 Overview
The Big Mover Catcher strategy is a work-in-progress trading system designed for Bitcoin (BTC) on the 4-hour chart. It aims to identify strong breakout moves by combining multiple technical indicators and conditions, allowing for high customization and filter-based confirmations.
This script is part of a personal project to learn Pine Script and backtesting on TradingView. It is currently in the testing and research phase.
🎯 Strategy Objective
Catch large, high-momentum breakout moves in the BTC market using:
Bollinger Band breakouts for entry signals
Momentum, volatility, and trend filters for trade confirmation
🧰 Features & Filters
The script provides a flexible set of filters that can be turned ON/OFF and adjusted directly from the settings panel:
✅ Entry Conditions
Price must break above or below Bollinger Bands
All selected filters must align before entry
🧪 Available Filters:
Relative Strength Index (RSI) with EMA/SMA smoothing
Average Directional Index (ADX) with EMA/SMA smoothing
Average True Range (ATR) with EMA/SMA smoothing
MACD Signal above or below zero
EMA 350 trend filter
ATR / ADX / RSI Threshold toggles for added control
🔥 Additional Feature:
Force Take Profit: Optionally closes the trade immediately if a candle closes with more than a defined % movement (default: 5%). This can help lock in quick profits during high volatility moves.
⚙️ Customizable Inputs
You can configure:
Stop loss percentage
All indicator lengths
Smoothing types (EMA/SMA)
Threshold activation toggles
Individual filter ON/OFF switches
This makes the strategy highly adaptable for educational exploration and optimization.
📊 Best Used For
Learning Pine Script and strategy structure
Testing filter combinations for BTC on the 4H timeframe
Understanding how different indicators interact in live markets
⚠️ Note: ❌ Short trades are currently disabled by default, as short-side logic is still under development.
❗ Final Reminder
This script is not financial advice. It is an educational tool. Use it to learn and explore trading logic. Trading cryptocurrencies carries high risk — only invest what you can afford to lose.
Institutional Quantum Momentum Impulse [BullByte]## Overview
The Institutional Quantum Momentum Impulse (IQMI) is a sophisticated momentum oscillator designed to detect institutional-level trend strength, volatility conditions, and market regime shifts. It combines multiple advanced technical concepts, including:
- Quantum Momentum Engine (Hilbert Transform + MACD Divergence + Stochastic Energy)
- Fractal Volatility Scoring (GARCH + Keltner-based volatility)
- Dynamic Adaptive Bands (Self-adjusting thresholds based on efficiency)
- Market Phase Detection (Volume + Momentum alignment)
- Liquidity & Cumulative Delta Analysis
The indicator provides a Z-score normalized momentum reading, making it ideal for mean-reversion and trend-following strategies.
---
## Key Features
### 1. Quantum Momentum Core
- Combines Hilbert Transform, MACD divergence, and Stochastic Energy into a single composite momentum score.
- Normalized using a Z-score for statistical significance.
- Smoothed with EMA/WMA/HMA for cleaner signals.
### 2. Dynamic Adaptive Bands
- Upper/Lower bands adjust based on volatility and efficiency ratio .
- Acts as overbought/oversold zones when momentum reaches extremes.
### 3. Market Phase Detection
- Identifies bullish , bearish , or neutral phases using:
- Volume-Weighted MA alignment
- Fractal momentum extremes
### 4. Volatility & Liquidity Filters
- Fractal Volatility Score (0-100 scale) shows market instability.
- Liquidity Check ensures trades are taken in favorable spread conditions.
### 5. Dashboard & Visuals
- Real-time dashboard with key metrics:
- Momentum strength, volatility, efficiency, cumulative delta, and market regime.
- Gradient coloring for intuitive momentum visualization .
---
## Best Trade Setups
### 1. Trend-Following Entries
- Signal :
- QM crosses above zero + Market Phase = Bullish + ADX > 25
- Cumulative Delta rising (buying pressure)
- Confirmation :
- Efficiency > 0.5 (strong momentum quality)
- Liquidity = High (tight spreads)
### 2. Mean-Reversion Entries
- Signal :
- QM touches upper band + Volatility expanding
- Market Regime = Ranging (ADX < 25)
- Confirmation :
- Efficiency < 0.3 (weak momentum follow-through)
- Cumulative Delta divergence (price high but delta declining)
### 3. Breakout Confirmation
- Signal :
- QM holds above zero after a pullback
- Market Phase shifts to Bullish/Bearish
- Confirmation :
- Volatility rising (expansion phase)
- Liquidity remains high
---
## Recommended Timeframes
- Intraday (5M - 1H): Works well for scalping & swing trades.
- Swing Trading (4H - Daily): Best for trend-following setups.
- Position Trading (Weekly+): Useful for macro trend confirmation.
---
## Input Customization
- Resonance Factor (1.0 - 3.618 ): Adjusts MACD divergence sensitivity.
- Entropy Filter (0.382/0.50/0.618) : Controls stochastic damping.
- Smoothing Type (EMA/WMA/HMA) : Changes momentum responsiveness.
- Normalization Period : Adjusts Z-score lookback.
---
The IQMI is a professional-grade momentum indicator that combines institutional-level concepts into a single, easy-to-read oscillator. It works across all markets (stocks, forex, crypto) and is ideal for traders who want:
✅ Early trend detection
✅ Volatility-adjusted signals
✅ Institutional liquidity insights
✅ Clear dashboard for quick analysis
Try it on TradingView and enhance your trading edge! 🚀
Happy Trading!
- BullByte
Multi-Time Frame DMI with Gradient Bar ColoringDisplays a table showing the Directional Movement Index (DMI) sentiment for multiple time frames based on the Average Directional Index (ADX) value for each time frame.
Table Position and Text Size are configurable, with two styles (vertical or horizontal) available.
Time frame labels can be toggled off for color-only table.
Bars are colored based on the ADX value using a color gradient between the bullish and bearish color inputs. The neutral color is independent of the gradient for contrast.
Volume Weighted RSI (VW RSI)The Volume Weighted RSI (VW RSI) is a momentum oscillator designed for TradingView, implemented in Pine Script v6, that enhances the traditional Relative Strength Index (RSI) by incorporating trading volume into its calculation. Unlike the standard RSI, which measures the speed and change of price movements based solely on price data, the VW RSI weights its analysis by volume, emphasizing price movements backed by significant trading activity. This makes the VW RSI particularly effective for identifying bullish or bearish momentum, overbought/oversold conditions, and potential trend reversals in markets where volume plays a critical role, such as stocks, forex, and cryptocurrencies.
Key Features
Volume-Weighted Momentum Calculation:
The VW RSI calculates momentum by comparing the volume associated with upward price movements (up-volume) to the volume associated with downward price movements (down-volume).
Up-volume is the volume on bars where the closing price is higher than the previous close, while down-volume is the volume on bars where the closing price is lower than the previous close.
These volumes are smoothed over a user-defined period (default: 14 bars) using a Running Moving Average (RMA), and the VW RSI is computed using the formula:
\text{VW RSI} = 100 - \frac{100}{1 + \text{VoRS}}
where
\text{VoRS} = \frac{\text{Average Up-Volume}}{\text{Average Down-Volume}}
.
Oscillator Range and Interpretation:
The VW RSI oscillates between 0 and 100, with a centerline at 50.
Above 50: Indicates bullish volume momentum, suggesting that volume on up bars dominates, which may signal buying pressure and a potential uptrend.
Below 50: Indicates bearish volume momentum, suggesting that volume on down bars dominates, which may signal selling pressure and a potential downtrend.
Overbought/Oversold Levels: User-defined thresholds (default: 70 for overbought, 30 for oversold) help identify potential reversal points:
VW RSI > 70: Overbought, indicating a possible pullback or reversal.
VW RSI < 30: Oversold, indicating a possible bounce or reversal.
Visual Elements:
VW RSI Line: Plotted in a separate pane below the price chart, colored dynamically based on its value:
Green when above 50 (bullish momentum).
Red when below 50 (bearish momentum).
Gray when at 50 (neutral).
Centerline: A dashed line at 50, optionally displayed, serving as the neutral threshold between bullish and bearish momentum.
Overbought/Oversold Lines: Dashed lines at the user-defined overbought (default: 70) and oversold (default: 30) levels, optionally displayed, to highlight extreme conditions.
Background Coloring: The background of the VW RSI pane is shaded red when the indicator is in overbought territory and green when in oversold territory, providing a quick visual cue of potential reversal zones.
Alerts:
Built-in alerts for key events:
Bullish Momentum: Triggered when the VW RSI crosses above 50, indicating a shift to bullish volume momentum.
Bearish Momentum: Triggered when the VW RSI crosses below 50, indicating a shift to bearish volume momentum.
Overbought Condition: Triggered when the VW RSI crosses above the overbought threshold (default: 70), signaling a potential pullback.
Oversold Condition: Triggered when the VW RSI crosses below the oversold threshold (default: 30), signaling a potential bounce.
Input Parameters
VW RSI Length (default: 14): The period over which the up-volume and down-volume are smoothed to calculate the VW RSI. A longer period results in smoother signals, while a shorter period increases sensitivity.
Overbought Level (default: 70): The threshold above which the VW RSI is considered overbought, indicating a potential reversal or pullback.
Oversold Level (default: 30): The threshold below which the VW RSI is considered oversold, indicating a potential reversal or bounce.
Show Centerline (default: true): Toggles the display of the 50 centerline, which separates bullish and bearish momentum zones.
Show Overbought/Oversold Lines (default: true): Toggles the display of the overbought and oversold threshold lines.
How It Works
Volume Classification:
For each bar, the indicator determines whether the price movement is upward or downward:
If the current close is higher than the previous close, the bar’s volume is classified as up-volume.
If the current close is lower than the previous close, the bar’s volume is classified as down-volume.
If the close is unchanged, both up-volume and down-volume are set to 0 for that bar.
Smoothing:
The up-volume and down-volume are smoothed using a Running Moving Average (RMA) over the specified period (default: 14 bars) to reduce noise and provide a more stable measure of volume momentum.
VW RSI Calculation:
The Volume Relative Strength (VoRS) is calculated as the ratio of smoothed up-volume to smoothed down-volume.
The VW RSI is then computed using the standard RSI formula, but with volume data instead of price changes, resulting in a value between 0 and 100.
Visualization and Alerts:
The VW RSI is plotted with dynamic coloring to reflect its momentum direction, and optional lines are drawn for the centerline and overbought/oversold levels.
Background coloring highlights overbought and oversold conditions, and alerts notify the trader of significant crossings.
Usage
Timeframe: The VW RSI can be used on any timeframe, but it is particularly effective on intraday charts (e.g., 1-hour, 4-hour) or daily charts where volume data is reliable. Shorter timeframes may require a shorter length for increased sensitivity, while longer timeframes may benefit from a longer length for smoother signals.
Markets: Best suited for markets with significant and reliable volume data, such as stocks, forex, and cryptocurrencies. It may be less effective in markets with low or inconsistent volume, such as certain futures contracts.
Trading Strategies:
Trend Confirmation:
Use the VW RSI to confirm the direction of a trend. For example, in an uptrend, look for the VW RSI to remain above 50, indicating sustained bullish volume momentum, and consider buying on pullbacks when the VW RSI dips but stays above 50.
In a downtrend, look for the VW RSI to remain below 50, indicating sustained bearish volume momentum, and consider selling on rallies when the VW RSI rises but stays below 50.
Overbought/Oversold Conditions:
When the VW RSI crosses above 70, the market may be overbought, suggesting a potential pullback or reversal. Consider taking profits on long positions or preparing for a short entry, but confirm with price action or other indicators.
When the VW RSI crosses below 30, the market may be oversold, suggesting a potential bounce or reversal. Consider entering long positions or covering shorts, but confirm with additional signals.
Divergences:
Look for divergences between the VW RSI and price to spot potential reversals. For example, if the price makes a higher high but the VW RSI makes a lower high, this bearish divergence may signal an impending downtrend.
Conversely, if the price makes a lower low but the VW RSI makes a higher low, this bullish divergence may signal an impending uptrend.
Momentum Shifts:
A crossover above 50 can signal the start of bullish momentum, making it a potential entry point for long trades.
A crossunder below 50 can signal the start of bearish momentum, making it a potential entry point for short trades or an exit for long positions.
Example
On a 4-hour SOLUSDT chart:
During an uptrend, the VW RSI might rise above 50 and stay there, confirming bullish volume momentum. If it approaches 70, it may indicate overbought conditions, as seen near a price peak of 145.08, suggesting a potential pullback.
During a downtrend, the VW RSI might fall below 50, confirming bearish volume momentum. If it drops below 30 near a price low of 141.82, it may indicate oversold conditions, suggesting a potential bounce, as seen in a slight recovery afterward.
A bullish divergence might occur if the price makes a lower low during the downtrend, but the VW RSI makes a higher low, signaling a potential reversal.
Limitations
Lagging Nature: Like the traditional RSI, the VW RSI is a lagging indicator because it relies on smoothed data (RMA). It may not react quickly to sudden price reversals, potentially missing the start of new trends.
False Signals in Ranging Markets: In choppy or ranging markets, the VW RSI may oscillate around 50, generating frequent crossovers that lead to false signals. Combining it with a trend filter (e.g., ADX) can help mitigate this.
Volume Data Dependency: The VW RSI relies on accurate volume data, which may be inconsistent or unavailable in some markets (e.g., certain forex pairs or futures contracts). In such cases, the indicator’s effectiveness may be reduced.
Overbought/Oversold in Strong Trends: During strong trends, the VW RSI can remain in overbought or oversold territory for extended periods, leading to premature exit signals. Use additional confirmation to avoid exiting too early.
Potential Improvements
Smoothing Options: Add options to use different smoothing methods (e.g., EMA, SMA) instead of RMA for the up/down volume calculations, allowing users to adjust the indicator’s responsiveness.
Divergence Detection: Include logic to detect and plot bullish/bearish divergences between the VW RSI and price, providing visual cues for potential reversals.
Customizable Colors: Allow users to customize the colors of the VW RSI line, centerline, overbought/oversold lines, and background shading.
Trend Filter: Integrate a trend strength filter (e.g., ADX > 25) to ensure signals are generated only during strong trends, reducing false signals in ranging markets.
The Volume Weighted RSI (VW RSI) is a powerful tool for traders seeking to incorporate volume into their momentum analysis, offering a unique perspective on market dynamics by emphasizing price movements backed by significant trading activity. It is best used in conjunction with other indicators and price action analysis to confirm signals and improve trading decisions.
Hierarchical + K-Means Clustering Strategy===== USER GUIDE =====
Hierarchical + K-Means Clustering Strategy
OVERVIEW:
This strategy combines hierarchical clustering and K-means algorithms to analyze market volatility patterns
and generate trading signals. It uses a modified SuperTrend indicator with ATR-based volatility clustering
to identify potential trend changes and market conditions.
KEY FEATURES:
- Advanced volatility analysis using hierarchical clustering and K-means algorithms
- Modified SuperTrend indicator for trend identification
- Multiple filter options including moving average and ADX trend strength
- Volume-based exit mechanism to protect profits
- Customizable appearance settings
SETTINGS EXPLANATION:
1. SuperTrend Settings:
- ATR Length: Period for ATR calculation (default: 11)
- SuperTrend Factor: Multiplier for ATR to determine trend bands (default: 3)
2. Hierarchical Clustering Settings:
- Training Data Length: Number of bars used for clustering analysis (default: 200)
3. Appearance Settings:
- Transparency 1 & 2: Control the opacity of trend lines and fills
- Bullish/Bearish Color: Colors for uptrend and downtrend visualization
4. Time Settings:
- Start Year/Month: Define when the strategy should start executing trades
5. Filter Settings:
- Moving Average Filter: Uses SMA to filter trades (only enter when price is on correct side of MA)
- Trend Strength Filter: Uses ADX to ensure trades are taken in strong trend conditions
6. Volume Stop Loss Settings:
- Volume Ratio Threshold: Controls sensitivity of volume-based exits
- Monitoring Delay Bars: Number of bars to wait before monitoring volume for exit signals
HOW TO USE:
1. Apply the indicator to your chart
2. Adjust settings according to your trading preferences and timeframe
3. Long signals appear when price crosses above the SuperTrend line (▲k marker)
4. Short signals appear when price crosses below the SuperTrend line (▼k marker)
5. The strategy automatically manages exits based on volume balance conditions
INTERPRETATION:
- Green line/area: Bullish trend - consider long positions
- Red line/area: Bearish trend - consider short positions
- Yellow line: Moving average for additional trend confirmation
- Volume balance exits occur when buying/selling pressure equalizes
RECOMMENDED TIMEFRAMES:
This strategy works best on 1H, 4H, and daily charts for most markets.
For highly volatile assets, shorter timeframes may also be effective.
RISK MANAGEMENT:
Always use proper position sizing and consider setting additional stop losses
beyond the strategy's built-in exit mechanisms.
===== END OF USER GUIDE =====
Atr Target TP & Protecion Zone [Pinescriptlabs]This indicator provides an adaptive trailing stop system with dynamic price targets and protection zones, ideal for position management.
Main Features:
🚦 ADAPTIVE TRAILING STOP:
Automatically adjusts based on volatility (ATR) and volume
Two modes: "Modified" and "UnModified" for true range calculation
Displayed as a line with colored background (green for longs, red for shorts)
🎯 TARGET ZONES (T1 & T2):
Calculates two target zones (T1 and T2) based on:
Market strength (combination of RSI, volume, MFI, ADX, MACD)
Current volatility (ATR)
Distance from current price
Visualized with blue boxes (T1) and purple boxes (T2)
🛡️ PROTECTION ZONE:
Automatically activates in sideways markets
Provides an additional buffer to the trailing stop
Helps avoid premature exits in volatile markets
📊 INFORMATION PANELS:
Top Right Panel displays:
Current trend direction
Target status (T1 & T2)
Market strength
Current ATR
RSI level
Bottom Right Panel displays:
Trailing status (WIDE/NORMAL)
Volume impact
Directional strength
Protection zone status
Español:
Este indicador proporciona un sistema de trailing stop adaptativo con objetivos de precio dinámicos y zonas de protección, ideal para la gestión de posiciones.
**Características Principales**:
🚦 **TRAILING STOP ADAPTATIVO**:
- Se ajusta automáticamente según la volatilidad (ATR) y el volumen
- Dos modos: "Modified" y "UnModified" para el cálculo del rango verdadero
- Se visualiza como una línea con fondo coloreado (verde para largos, rojo para cortos)
🎯 **ZONAS OBJETIVO (T1 y T2)**:
- Calcula dos zonas objetivo (T1 y T2) basadas en:
- Fuerza del mercado (combinación de RSI, volumen, MFI, ADX, MACD)
- Volatilidad actual (ATR)
- Distancia al precio actual
- Visualización mediante cajas azules (T1) y moradas (T2)
🛡️ **ZONA DE PROTECCIÓN**:
- Se activa automáticamente en mercados laterales
- Proporciona un buffer adicional al trailing stop
- Ayuda a evitar salidas prematuras en mercados volátiles
📊 **PANELES INFORMATIVOS**:
*Panel Superior Derecho* muestra:
- Dirección de la tendencia actual
- Estado de los objetivos (T1 y T2)
- Fuerza del mercado
- ATR actual
- Nivel de RSI
*Panel Inferior Derecho* muestra:
- Estado del trailing (WIDE/NORMAL)
- Impacto del volumen
- Fuerza direccional
- Estado de la zona de protección
[3Commas] Signal BuilderSignal Builder is a tool designed to help traders create custom buy and sell signals by combining multiple technical indicators. Its flexibility allows traders to set conditions based on their specific strategy, whether they’re into scalping, swing trading, or long-term investing. Additionally, its integration with 3Commas bots makes it a powerful choice for those looking to automate their trades, though it’s also ideal for traders who prefer receiving alerts and making manual decisions.
🔵 How does Signal Builder work?
Signal Builder allows users to define custom conditions using popular technical indicators, which, when met, generate clear buy or sell signals. These signals can be used to trigger TradingView alerts, ensuring that you never miss a market opportunity. Additionally, all conditions are evaluated using "AND" logic, meaning signals are only activated when all user-defined conditions are met. This increases precision and helps avoid false signals.
🔵 Available indicators and recommended settings:
Signal Builder provides access to a wide range of technical indicators, each customizable to popular settings that maximize effectiveness:
RSI (Relative Strength Index): An oscillator that measures the relative strength of price over a specific period. Traders typically configure it with 14 periods, using levels of 30 (oversold) and 70 (overbought) to identify potential reversals.
MACD (Moving Average Convergence Divergence): A key indicator tracking the crossover between two moving averages. Common settings include 12 and 26 periods for the moving averages, with a 9-period signal line to detect trend changes.
Ultimate Oscillator: Combines three different time frames to offer a comprehensive view of buying and selling pressure. Popular settings are 7, 14, and 28 periods.
Bollinger Bands %B: Provides insight into where the price is relative to its upper and lower bands. Standard settings include a 20-period moving average and a standard deviation of 2.
ADX (Average Directional Index): Measures the strength of a trend. Values above 25 typically indicate a strong trend, while values below suggest weak or sideways movement.
Stochastic Oscillator: A momentum indicator comparing the closing price to its range over a defined period. Popular configurations include 14 periods for %K and 3 for %D smoothing.
Parabolic SAR: Ideal for identifying trend reversals and entry/exit points. Commonly configured with a 0.02 step and a 0.2 maximum.
Money Flow Index (MFI): Similar to RSI but incorporates volume into the calculation. Standard settings use 14 periods, with levels of 20 and 80 as oversold and overbought thresholds.
Commodity Channel Index (CCI): Measures the deviation of price from its average. Traders often use a 20-period setting with levels of +100 and -100 to identify extreme overbought or oversold conditions.
Heikin Ashi Candles: These candles smooth out price fluctuations to show clearer trends. Commonly used in trend-following strategies to filter market noise.
🔵 How to use Signal Builder:
Configure indicators: Select the indicators that best fit your strategy and adjust their settings as needed. You can combine multiple indicators to define precise entry and exit conditions.
Define custom signals: Create buy or sell conditions that trigger when your selected indicators meet the criteria you’ve set. For example, configure a buy signal when RSI crosses above 30 and MACD confirms with a bullish crossover.
TradingView alerts: Set up alerts in TradingView to receive real-time notifications when the conditions you’ve defined are met, allowing you to react quickly to market opportunities without constantly monitoring charts.
Monitor with the panel: Signal Builder includes a visual panel that shows active conditions for each indicator in real time, helping you keep track of signals without manually checking each indicator.
🔵 3Commas integration:
In addition to being a valuable tool for any trader, Signal Builder is optimized to work seamlessly with 3Commas bots through Webhooks. This allows you to automate your trades based on the signals you’ve configured, ensuring that no opportunity is missed when your defined conditions are met. If you prefer automation, Signal Builder can send buy or sell signals to your 3Commas bots, enhancing your trading process and helping you manage multiple trades more efficiently.
🔵 Example of use:
Imagine you trade in volatile markets and want to trigger a sell signal when:
Stochastic Oscillator indicates overbought conditions with the %K value crossing below 80.
Bollinger Bands %B shows the price has surpassed the upper band, suggesting a potential reversal.
ADX is below 20, indicating that the trend is weak and could be about to change.
With Signal Builder , you can configure these conditions to trigger a sell signal only when all are met simultaneously. Then, you can set up a TradingView alert to notify you as soon as the signal is activated, giving you the opportunity to react quickly and adjust your strategy accordingly.
👨🏻💻💭 If this tool helps your trading strategy, don’t forget to give it a boost! Feel free to share in the comments how you're using it or if you have any questions.
_________________________________________________________________
The information and publications within the 3Commas TradingView account are not meant to be and do not constitute financial, investment, trading, or other types of advice or recommendations supplied or endorsed by 3Commas and any of the parties acting on behalf of 3Commas, including its employees, contractors, ambassadors, etc.
Swiss Knife [MERT]Introduction
The Swiss Knife indicator is a comprehensive trading tool designed to provide a multi-dimensional analysis of the market. By integrating a wide array of technical indicators across multiple timeframes, it offers traders a holistic view of market sentiment, momentum, and potential reversal points. This indicator is particularly useful for traders looking to combine trend analysis, momentum indicators, volume data, and price action into a single, easy-to-read format.
---
Key Features
Multi-Timeframe Analysis : Evaluates indicators on Daily , 4-Hour , 1-Hour , and 15-Minute timeframes.
Comprehensive Indicator Suite : Incorporates MACD , Awesome Oscillator (AO) , Parabolic SAR , SuperTrend , DPO , RSI , Stochastic Oscillator , Bollinger Bands , Ichimoku Cloud , Chande Momentum Oscillator (CMO) , Donchian Channels , ADX , volume-based momentum indicators, Fractals , and divergence detection.
Market Sentiment Scoring : Aggregates signals from multiple indicators to provide an overall sentiment score.
Visual Aids : Displays EMA lines, trendlines, divergence signals, and a sentiment table directly on the chart.
Super Trend Reversal Signals : Identifies potential market reversal points by assessing the momentum of automated trading bots.
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Explanation of Each Indicator
Moving Average Convergence Divergence (MACD)
- Purpose : Measures the relationship between two moving averages of price.
- Interpretation : A positive histogram suggests bullish momentum; a negative histogram indicates bearish momentum.
Awesome Oscillator (AO)
- Purpose : Gauges market momentum by comparing recent market movements to historic ones.
- Interpretation : Above zero indicates bullish momentum; below zero indicates bearish momentum.
Parabolic SAR (SAR)
- Purpose : Identifies potential reversal points in price direction.
- Interpretation : Dots below price suggest an uptrend; dots above price suggest a downtrend.
SuperTrend
- Purpose : Determines the prevailing market trend.
- Interpretation : Provides buy or sell signals based on price movements relative to the SuperTrend line.
Detrended Price Oscillator (DPO)
- Purpose : Removes trend from price to identify cycles.
- Interpretation : Values above zero suggest price is above the moving average; values below zero indicate it is below.
Relative Strength Index (RSI)
- Purpose : Measures the speed and change of price movements.
- Interpretation : Values above 50 indicate bullish momentum; values below 50 indicate bearish momentum.
Stochastic Oscillator
- Purpose : Compares a particular closing price to a range of its prices over a certain period.
- Interpretation : Values above 50 indicate bullish conditions; values below 50 indicate bearish conditions.
Bollinger Bands (BB)
- Purpose : Measures market volatility and provides relative price levels.
- Interpretation : Price above the middle band suggests bullishness; below the middle band suggests bearishness.
Ichimoku Cloud
- Purpose : Provides support and resistance levels, trend direction, and momentum.
- Interpretation : Bullish signals when price is above the cloud; bearish signals when price is below the cloud.
Chande Momentum Oscillator (CMO)
- Purpose : Measures momentum on both up and down days.
- Interpretation : Values above 50 indicate strong upward momentum; values below -50 indicate strong downward momentum.
Donchian Channels
- Purpose : Identifies volatility and potential breakouts.
- Interpretation : Price above the upper band suggests bullish breakout; below the lower band suggests bearish breakout.
Average Directional Index (ADX)
- Purpose : Measures the strength of a trend.
- Interpretation : DI+ above DI- indicates bullish trend; DI- above DI+ indicates bearish trend.
Volume Momentum Indicators (VolMom, CumVolMom, POCMom)
- Purpose : Analyze volume to assess buying and selling pressure.
- Interpretation : Positive values suggest bullish volume momentum; negative values indicate bearish volume momentum.
Fractals
- Purpose : Identify potential reversal points in the market.
- Interpretation : Up fractals may indicate a future downtrend; down fractals may indicate a future uptrend.
Divergence Detection
- Purpose : Identifies divergences between price and various indicators (RSI, MACD, Stochastic, OBV, MFI, A/D Line).
- Interpretation : Bullish divergences suggest potential upward reversal; bearish divergences suggest potential downward reversal.
- Note : This functionality utilizes the library from Divergence Indicator .
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Coloring Scheme
Background Color
- Purpose : Reflects the overall market sentiment by combining sentiment scores from all indicators across different timeframes.
- Interpretation :
- Green Shades : Indicate bullish market sentiment.
- Red Shades : Indicate bearish market sentiment.
- Intensity : The strength of the color corresponds to the strength of the sentiment score.
Sentiment Table
- Purpose : Displays the status of each indicator across different timeframes.
- Interpretation :
- Green Cell : The indicator suggests a bullish signal.
- Red Cell : The indicator suggests a bearish signal.
- Percentage Score : Indicates the overall bullish or bearish sentiment on that timeframe.
Exponential Moving Averages (EMAs)
- Purpose : Provide dynamic support and resistance levels.
- Colors :
- EMA 10 : Lime
- EMA 20 : Yellow
- EMA 50 : Orange
- EMA 100 : Red
- EMA 200 : Purple
Trendlines
- Purpose : Visual representation of support and resistance levels based on pivot points.
- Interpretation :
- Upward Trendlines : Colored green , indicating support levels.
- Downward Trendlines : Colored red , indicating resistance levels.
- Note : Trendlines are drawn using the library from Simple Trendlines .
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Utility of Market Sentiment
The indicator aggregates signals from multiple technical indicators across various timeframes to compute an overall market sentiment score . This comprehensive approach helps traders understand the prevailing market conditions by:
Confirming Trends : Multiple indicators pointing in the same direction can confirm the strength of a trend.
Identifying Reversals : Divergences and fractals can signal potential turning points.
Timeframe Alignment : Aligning signals across different timeframes can enhance the probability of successful trades.
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Divergences
Divergence occurs when the price of an asset moves in the opposite direction of a technical indicator, suggesting a potential reversal.
- Bullish Divergence : Price makes a lower low, but the indicator makes a higher low.
- Bearish Divergence : Price makes a higher high, but the indicator makes a lower high.
The indicator detects divergences for:
RSI
MACD
Stochastic Oscillator
On-Balance Volume (OBV)
Money Flow Index (MFI)
Accumulation/Distribution Line (A/D Line)
By identifying these divergences, traders can spot early signs of trend reversals and adjust their strategies accordingly.
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Trendlines
Trendlines are essential tools for identifying support and resistance levels. The indicator automatically draws trendlines based on pivot points:
- Upward Trendlines (Support) : Connect higher lows, indicating an uptrend.
- Downward Trendlines (Resistance) : Connect lower highs, indicating a downtrend.
These trendlines help traders visualize the trend direction and potential breakout or reversal points.
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Super Trend Reversals (ST Reversal)
The core idea behind the Super Trend Reversals indicator is to assess the momentum of automated trading bots (often referred to as 'Supertrend bots') that enter the market during critical turning points. Specifically, the indicator is tuned to identify when the market is nearing bottoms or peaks, just before it shifts direction based on the triggered Supertrend signals. This approach helps traders:
Engage Early : Enter the market as reversal momentum builds up.
Optimize Entries and Exits : Enter under favorable conditions and exit before momentum wanes.
By capturing these reversal points, traders can enhance their trading performance.
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Conclusion
The Swiss Knife indicator serves as a versatile tool that combines multiple technical analysis methods into a single, comprehensive indicator. By assessing various aspects of the market—including trend direction, momentum, volume, and price action—it provides traders with valuable insights to make informed trading decisions.
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Citations
- Divergence Detection Library : Divergence Indicator by DevLucem
- Trendline Drawing Library : Simple Trendlines by HoanGhetti
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Note : This indicator is intended for informational purposes and should be used in conjunction with other analysis techniques. Always perform due diligence before making trading decisions.
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Mystic Pulse [CHE]Mystic Pulse - A Non-Lagging Trend Indicator
Introduction
In the world of trading, identifying trends accurately and timely is crucial for successful decision-making. The saying "The Trend is Your Friend" encapsulates this principle, emphasizing the importance of riding the prevailing market trend. The Mystic Pulse indicator is designed to help traders do exactly that—detect trends early and follow them with confidence.
This presentation will walk you through how the Mystic Pulse indicator functions, its advantages, and how it can be a powerful tool in your trading arsenal.
Key Features of Mystic Pulse
Non-Lagging Signals: Unlike traditional indicators that often lag the market, Mystic Pulse generates trend signals in real-time, ensuring you are always in sync with the current market direction.
Adaptive Smoothing: The indicator employs a smoothing factor that dynamically adjusts based on recent price action, reducing noise and focusing on significant market movements.
Directional Movement Analysis: By calculating the directional movement index (DI+ and DI-) with a unique smoothing approach, the indicator identifies whether bulls or bears are in control.
Trend Counting Logic: The indicator counts consecutive positive and negative trend signals, providing a clear visual representation of the market’s direction.
Customizable Candle Colors: For better visual clarity, the indicator allows for customization of candle colors, highlighting neutral, bullish, or bearish candles based on trend strength.
Understanding the Indicator
1. Directional Movement and ADX Calculation
The Mystic Pulse uses a modified ADX calculation known as ZLAG ADX. It assesses true range, directional movement (both positive and negative), and smoothes these values over a specified length. This helps in capturing the essence of market trends without lag:
True Range (TR): Measures market volatility by comparing the high-low range to the previous close.
Directional Movement: Determines whether bulls (DI+) or bears (DI-) are gaining strength.
These components are then smoothed using a custom formula that adapts to recent price movements, ensuring that the signals remain relevant and timely.
2. Trend Counting Mechanism
The heart of Mystic Pulse is its trend counting logic:
Positive Trend Count: Increases when DI+ shows strengthening bullish signals.
Negative Trend Count: Increases when DI- indicates stronger bearish control.
Total Trend Count: Reflects the dominant trend by comparing positive and negative counts.
This counting mechanism ensures that the indicator is always aware of the current market bias, updating in real-time.
3. Visualization and Signal Generation
The indicator provides visual cues through color-coded plots:
Green Plot: Indicates an ongoing uptrend (positive trend count is higher).
Red Plot: Signals a downtrend (negative trend count is higher).
Neutral Candles: Optionally highlighted when neither bulls nor bears dominate, offering a clearer view of indecisive market conditions.
Application and Strategy
The Mystic Pulse indicator is ideal for traders who prefer trend-following strategies. Here's how you can apply it effectively:
Entry Points: Enter trades when the trend count strongly favors one direction, indicated by consecutive green (bullish) or red (bearish) plots.
Exit Points: Consider exiting when the opposite trend starts to gain traction, signaled by a change in the dominant color.
Risk Management: Use the neutral candle display to avoid trades in uncertain market conditions, thereby reducing risk.
Conclusion
The Mystic Pulse indicator is a sophisticated tool that helps traders stay aligned with market trends, offering non-lagging, adaptive signals. Its design reflects the trading philosophy "The Trend is Your Friend," enabling you to follow the market's lead with confidence.
By incorporating this indicator into your trading strategy, you can enhance your ability to identify and capitalize on emerging trends, minimizing lag and maximizing potential returns.
Q&A
If you have any questions or would like to see a live demonstration of the Mystic Pulse in action, feel free to ask.
Disclaimer:
Use with Caution: This indicator is provided for educational and informational purposes only and should not be considered as financial advice. Users should exercise caution and perform their own analysis before making trading decisions based on the indicator's signals.
Not Financial Advice: The information provided by this indicator does not constitute financial advice, and the creator (CHE) shall not be held responsible for any trading losses incurred as a result of using this indicator.
Backtesting Recommended: Traders are encouraged to backtest the indicator thoroughly on historical data before using it in live trading to assess its performance and suitability for their trading strategies.
Risk Management: Trading involves inherent risks, and users should implement proper risk management strategies, including but not limited to stop-loss orders and position sizing, to mitigate potential losses.
No Guarantees: The accuracy and reliability of the indicator's signals cannot be guaranteed, as they are based on historical price data and past performance may not be indicative of future results.
Best regards Chervolino
VWAP 8EMA Crossover Scalping IndicatorWhy?
Everybody, especially in Indian context, from 9:15 AM to 3:30 PM, wants to trade in BankNifty.
And even 15m is Too Big timeframe for The Great Indian Options buyers. Everyone knows how potentially BankNifty (& FinNifty on Tuesday and Sensex on Friday) can show dance within 15m.
So there always been an overarching longing among traders to have something in shorter timeframes. And this 5m timeframe, looks like a universally (sic) accepted Standard Timeframe for Indian Options traders.
So here is this.
What?
The time we are publishing this public indicator Indian market (Nifty) is in ATH at ~22200.
In any such super trending market it's always good to wait for a dip and then in suitable time, enter the trade in the direction of the larger trend. The reversal trading systems, in such a situation, proves to be ineffective.
Of course there are time when market is sideways and keeps on oscillating between +/2 standard deviation of the 20 SMA. In such a situation the reversal play works perfectly. But not so in such a trending market.
So the question comes up - after a dip what's the right point to enter.
Hence comes the importance of such a crossover based trading system.
In this indicator, it's a well-known technique (nothing originally from ours, it's taken from social media, exact one we forgot) to find out the 8EMA and VWAP crossover.
So we learned from social media, practice in our daily trading a bit, actuate it and now publishing it.
A few salient points
It does not make sense to jump into the trade just on the crossover (or crossunder).
So we added some more sugar to it, e.g. we check the color the candle. Also the next candle if crosses and closes above (or below) the breakout candle's high/low.
The polarity (color) of both the alert (breakout/breakdown) and confirmation candle to be same (green for crossover, red from crossunder).
Of course, it does provider BUY and SELL alerts separately.
These all we have found out doing backtesting and forward testing with 1/2 lots and saw this sort of approaches works.
Hence all of these are added to this script.
Nomenclature
Here green line is the 8EMA and the red line is the VWAP.
Also there is a black dotted line. That's 50 EMA. It's to show you the trend.
The recent trade is shown in the top right of the chart as green (for buy) or red (for sell) with SL and 1:1 target.
How to trade using this system?
This is roughly we have found the best possible use of this indicator.
Lets explain with a bullish BUY positive crossover (means 8EMA is crossing over the daily VWAP)
Keep timeframe as 5m
Check the direction/slope of the black dotted line (50 EMA). If it's upwards, only take bullish positions.
Open the chart which has the VWAP. (e.g. FinNifty spot or MidcapNifty spot does not have vwap). So in those cases Future is the way to go.
Wait for a breakout crossover and let the indicator gives a green, triangular UP arrow.
Draw a horizontal line to the close of that candle for next few (say 6 candles i.e. 30m) candles.
Wait for the price first to retest the 8EMA or even better the VWAP (or near to the 8EMA, VWAP)
Let the price moves and closes above the horizontal line drawn in the 4th step.
Take a bullish trade, keeping VWAP as the SL and 1:1 as the target.
Additionally, Options buyer can consult ADX also to see if the ADX is more than 25 and moving up for the bullish trade. (This has to be added seperately in the chart, it's not a part of the indicator).
Mention
The concept we have taken from some social media. Forget exactly where we heard this first time. We just coded it with some additional steps.
Statutory Disclaimer
There is no silver bullet / holy grail in trading. Nothing works 100% time. One has to be careful about the loss (s)he can bear in case of the trade goes against.
We, as the author of this script, is not responsible for any trading or position decision one is taken based on the outcome of this.
It is our sole discretion to change, add, delete the portion or withdraw the whole script without any prior notice or intimation.
In Indian Context: We are not SEBI registered.
DMI Based Consolidation InidcatorDescription:
The Consolidation Indicator (DMI + MA) combines the power of the Directional Movement Index (DMI) and Moving Averages (MA) to help traders identify both trends and consolidation phases in the market. This versatile indicator provides valuable insights into the market's behavior, making it an essential tool for traders seeking to optimize their strategies.
Key Features:
- **Directional Movement Analysis:** Utilizes the DMI to assess the strength of bullish and bearish trends, helping traders identify trend direction and momentum.
- **Moving Average Confirmation:** Integrates Moving Averages to confirm trend signals, enhancing the reliability of trend identification.
- **Trend and Consolidation Recognition:** Displays +DI and -DI trends with color-coded boxes, allowing traders to distinguish between bullish, bearish trends, and consolidation phases.
How to Use:
- **Trend Identification:** +DI Trend box (green) indicates a bullish trend, suggesting potential buying opportunities. -DI Trend box (red) signifies a bearish trend, indicating potential selling opportunities.
- **Consolidation Phase:** When both boxes are white, the market is in a consolidation phase. During consolidation, prices often move within a range. Traders may consider range-bound strategies or wait for a clear trend signal.
Customization:
- **ADX Smoothing:** Adjust the ADX smoothing factor (lensig) to fine-tune the sensitivity of trend signals.
- **DI Length:** Set the length of the Directional Index (DI) to control the responsiveness of the indicator to price changes.
- **Moving Average Length:** Define the length of the Moving Averages for additional confirmation of trend signals.
- **Moving Average Type:** Choose from SMA, EMA, WMA, or VWMA to customize the Moving Averages based on your trading preferences.
Disclaimer:
Trading involves risk, and past performance is not indicative of future results. Always perform your analysis and consider risk management strategies before making trading decisions.
[dharmatech] KBDR Mean ReversionBased on the criteria described in the book "Mean Revision Trading" by Nishant Pant.
Bullish signal criteria:
Bollinger Bands must be outside Keltner Channel
Price near bottom bband
DI+ increasing
DI- decreasing
RSI near bottom and increasing
Bearish signal criteria:
Bollinger Bands must be outside Keltner Channel
Price near upper bband
DI+ decreasing
DI- increasing
RSI near upper and decreasing
A single triangle indicates that all 4 criteria are met.
If letters appear with the triangle, this indicates that there was a partial criteria match.
K : bbands outside Keltner
B : bbands criteria met
D : DI criteria met
R : RSI criteria met
You can use the settings to turn off partial signals. For example:
"Partial 3" means show signals where 3 of the criteria are met.
If you want more insight into the underlying criteria, load these indicators as well:
Bollinger Bands (built-in to TradingView)
Keltner Channels (built-in to TradingView)
RSI (built-in to TradingView)
ADX and DI
Warning:
Not meant to be used as a stand-alone buy/sell signal.
It regularly provides signals which would not be profitable.
It's meant to be used in conjunction with other analysis.
Think of this as a time-saving tool. Instead of manually checking RSI, DI+/DI-, bbands, distance, etc. this does all of that for you on the fly.
MTF - Zigzag + Tech IndicatorsMTF - Zigzag + Tech Indicators
At high level the indicator can be a useful tool while analyzing the charts. It marks swing points (Zigzag) on 3 different timeframes along with capability to view key technical indicator values at each of the swing point.
Normally Zaizag indicators are useful for identifying primary trend and retracements. Zigzags also help in identifying key support and resistance areas. Traders develop various trading strategies based on Zigzags.
Most of the published Zigzag indicators use single timeframe / chart timeframe to draw the Zigzag lines but, many traders/chart analysts would like to analyze trends on multiple timeframes. Single timeframe Zigzags makes such analysis little difficult.
This indicator is an advanced version of Zigzag which allow users to draw Zigzag lines on multiple timeframes. It allows users to input 2 additional higher timeframes and in total it draws Zigzag on 3 timeframes i.e., on chart timeframe and 2 additional higher timeframes.
Once loaded on the chart, it draws Zigzag lines and plot labels (HH, LL, HL, LH) which denotes swing points. Each of the swing point label has a tooltip attached to it, which provide few additional data point, to view the additional data points, hover the mouse over the label.
Swing label tooltip shows these additional data points:
Tag: Swing type (HH, LL, HL, LH) + Bar time (in dd-mm-yyyy hh:mm format)
Price point: Swing price point
Price change: Price change since previous swing point along with change %
Swing volume: Volume since previous swing point in million
Key technical indicator values:
RSI (close, 14)
Stochastic (close, high, low, 14)
ADX (14, 14)
SMA20
SMA50
SMA100
SMA200
Use cases:
Support resistance: Though most of the swing points of a zigzag are treated as a support or resistance. This indicator allows to add more depth to the analysis. E.g., swing points based on lowest timeframe (chart timeframe) can be treated as weak support/resistance whereas swing points based on higher timeframe can treated as strong support/resistance and prices need to hit it multiple time to cross/break the same.
Trend identification: Trend on lowest timeframe (chart timeframe) can be a immediate term trend, trend on the mid-level higher timeframe can be a short term trend and trend on the highest level timeframe can be a long term trend.
Trade identification, entry, and exit: MTF Zigzag can also be creatively used while trading. Eg. One can identify a trend on highest level timeframe and use mid-level timeframe for trade entry and lowest level timeframe can be used for Take Profit levels (TP1, TP2, ..) and Stop loss. Alternatively, Trend can be identified on highest or mid-level timeframe and trade entry/exit can be based on lowest level timeframe.
Use of information displayed in tooltip: Analysts/traders look for confirmations from other indicators while initiating trades. These additional indicator values become handy/readily available source of information without specifically navigating through different indicators/charts. These indicator values can be creatively used in many ways. Some of the examples are:
Easy comparison of values of moving averages on all 3 timeframes
Better assessment of momentum and overbought/oversold based on value of stochastic and rsi
Use of ADX to determine the strength of the trend
Trade decision based on increasing or decreasing order of moving averages
Trade decision, based order of moving averages combined with overbought/oversold and strength of the trend
Chart examples: TCS on 60m/4h/1D
ITC 4h/1D
Input Parameters:
1. Chart timeframe zigzag setup: to plot zigzag based on chart timeframe
2. Higher timeframe zigzag setup: to plot zigzag based on higher timeframe
3. Higher timeframe zigzag setup 1: to plot zigzag based on another higher timeframe
Each of these have user selectable options:
1. Color/width of the zigzag line
2. plot zigzag line - select/unselect
3. plot HHLL labels - select/unselect
Both (2 and 3) Higher timeframe setups allow to select higher timeframe and offset. Offset can be 0 or 1. This setting normally used to avoid repainting. Select offset as 1 to avoid repainting.
For Pine script developers:
Script elements:
1. Input parameters
2. Type definition (UDT) for ohlc and ph, pl data elements
3. Map definition for visual properties
4. Type instances for chart_tf, higher_tf1, higher_tf2
5. Important variable – for indicator values
6. Methods –
a. get_ph_pl() – get ph, pl data for each of the tf along with indicator values
b. add_ph(), add_pl() – add ph, pl data to timeframe specific udt, plot the zigzag and labels, add tooltip to label
Script structure
1. Input parameters
2. Variable and type definitions
3. Methods and functions
4. For each of timeframe, call functions and methods
a. Check ph, pl (if swing point formed)
b. Plot ph, pl (if applicable) i.e. zigzag line, labels
Any Screener (Multiple)I suppose it's time to publish something relatively useful :). Here's the first try, Any Screener.
This script is an advanced version of the Alphatrend - Screener that I've coded as a humble "thank you" to Kıvanç Özbilgiç (KivancOzbilgic), who always inspired me.
INTRODUCTION
I developed this version with a unique method because I couldn't find an example with the following features:
It presents the valid signal status of multiple indicators for 15 different symbols in the form of a report.
It indicates how many bars have passed after the signal has occurred.
It indicates the signal direction with dynamic colors and chars.
It can also be used for data (just indicator value) that is only intended to be displayed as text. (Default color is grey).
Long and short signals can optionally be ploted on the chart.
It includes advanced configuration settings.
USAGE OF PANEL
The screener panel is simple to use. On the far left, assets are listed. The names of the indicators appear at the top. In the column with the name of each indicator, the signals of that indicator appear as green or red. The green ones represent the long signals (uptrend) and the red ones represent the short signals (down trend). The numbers in square brackets indicate how many bars have passed after the last signal has occurred. (For example: According to the indicator at the top, when the green bullish triangle and 21 appeared on allign of BTCUSDT, Bitcoin switched to buy signal 21 bars ago. A tip : If the signal distance is 0, the signal occurred at the current bar. It is recommended to wait for the bar to close before entering the trade). Signal distance is an essential output for both manual and algorithmic trading. Users often require mentioned data the most during real time trading.
THE SCRIPT
There are two sections in the script; indicators and screener.
SECTION 1 : "INDICATORS"
In the indicator section, you'll find efficient details about switch methods, normalization, avoid pyramyding (in momentum oscillators) etc. On the other hand, I intended to present a "how to example" of a multiple screener, so it has to include more than one indicator.
OTT : Optimized Trend Tracker is developed by dear Anıl Özekşi, known as the "Old Fisherman" :). In my opinion, it is a pretty cool trend-following indicator that offers a mathematical elegance. This indicator aim to detect the current market trend direction, the indicator detect an up-trending market when the support line is superior to the OTT, and a down trending market when the support line is inferior to the OTT. It has three parameters; moving average type, length and percentage. In this version when the percentage parameter is set to 0.0, OTT turns into the selected moving average. And the signals are generated by the crossing of the closing price. It means, this screener is able to compile and present status of moving averages as well. Also VAR (VIDYA) and EVWMA has been re-designed, both moving averages no longer start at zero at the beginning of the chart (That was a big problem for backtests).
PSAR : J. Welles Wilder's Parabolic Stop And Reversal is an important trend following indicator. PSAR detects an up-trending market when below the market price and a down-trend when above. It can work in harmony with OTT according to the parameter combinations.
OSCILLATORS : Also optional three momentum oscillators have been added. MFI (Money Flow Index), RSI (Relative Strength Index) and STOCH (Stochastic %k). All three oscillators are widely used in markets and quite successful in explaining price movements by using different sources. Oscillators generate long and short signals based on oversold and overbought parameters.
VOLATILITY & TREND : There are three optional indicators. ADX (Average Directional Index), BBW-N (Normalized Bollinger Bandwidth) and REG-N (Normalized value of standard error of linear regression). These three indicators don't generate any long or short signals. Instead, they are used to measure the strength of trends and volatility. Therefore, only the numerical results (0-100) are displayed in screener panel and it is grey. (Note : The second length parameter of ADX has the same value with the first one. Bollinger Bandwith's multiplier is 2.0. REG-N is a variable that developed by Paul Kirshenbaum for Kirshenbaum Bands.)
SECTION 2 : "SCREENER"
The second section processes the main idea. This Screener model is based on generating an integer direction variable from boolean signals. The direction value serves multiple purposes: calculating the distance of signal, determining the color based on the direction, and creating "clean" data for the security function. The final step is to present the obtained data as text to the user.
HOW CAN I "SCREEN" MY CONDITIONS?
That's piece a cake, delete the Section 1 in the script :). If you change totally 11 variables according to your own strategy, you can create your new screener! The method is explained at lines 169-171.
SINCERELY THANKS
To allanster for patiently answering my primitive questions,
And to KivancOzbilgic for mind blowing suggestions (especially while we're drinking Raki) :)...
DISCLEIMER
This is just an indicator, nothing more. The script is for informational and educational purposes only. The use of the script does not constitute professional and/or financial advice. The responsibility for risks associated with the use of the script is solely owned by the user. Do not forget to manage your risk. And trade as safely as possible. Good luck!
RSI, SRSI, MACD and DMI cross - Open source codeHello,
I'm a passionate trader who has spent years studying technical analysis and exploring different trading strategies. Through my research, I've come to realize that certain indicators are essential tools for conducting accurate market analysis and identifying profitable trading opportunities. In particular, I've found that the RSI, SRSI, MACD cross, and Di cross indicators are crucial for my trading success.
Detailed explanation:
The RSI is a momentum indicator that measures the strength of price movements. It is calculated by comparing the average of gains and losses over a certain period of time. In this indicator, the RSI is calculated based on the close price with a length of 14 periods.
The Stochastic RSI is a combination of the Stochastic Oscillator and the RSI. It is used to identify overbought and oversold conditions of the market. In this indicator, the Stochastic RSI is calculated based on the RSI with a length of 14 periods.
The MACD is a trend-following momentum indicator that shows the relationship between two moving averages of prices. It consists of two lines, the MACD line and the signal line, which are used to generate buy and sell signals. In this indicator, the MACD is calculated based on the close price with fast and slow lengths of 12 and 26 periods, respectively, and a signal length of 9 periods.
The DMI is a trend-following indicator that measures the strength of directional movement in the market. It consists of three lines, the Positive Directional Indicator (+DI), the Negative Directional Indicator (-DI), and the Average Directional Index (ADX), which are used to generate buy and sell signals. In this indicator, the DMI is calculated with a length of 14 periods and an ADX smoothing of 14 periods.
The indicator generates buy signals when certain conditions are met for each of these indicators.
1) For the RSI, a buy signal is generated when the RSI is below or equal to 35 and the Stochastic RSI %K is below or equal to 15, or when the RSI is below or equal to 28 the Stochastic RSI %K is below or equal to 15 or when the RSI is below or equal to 25 and the Stochastic RSI %K is below or equal to 10 or when the RSI is below or equal to 28.
2) For the MACD, a buy signal is generated when the MACD line is below 0, there is a change in the histogram from negative to positive, the MACD line and histogram are negative in the previous period, and the current histogram value is greater than 0.
3) For the DMI, a buy signal is generated when the Positive Directional Indicator (+DI) crosses above the Negative Directional Indicator (-DI), and the -DI is less than the +DI.
The indicator generates sell signals when certain conditions are met for each of these indicators:
1) For the RSI, a sell signal is generated when the RSI is above or equal to 75 and the Stochastic RSI %K is above or equal to 85, or when the RSI is above or equal to 80 and the Stochastic RSI %K is above or equal to 85, or when the RSI is above or equal to 85 and the Stochastic RSI %K is above or equal to 90 or when the RSI is above or equal to 82.
2)For the MACD, a sell signal is generated when the MACD line is above 0, there is a change in the histogram from positive to negative, the MACD line and histogram are positive in the previous period, and the current histogram value is less than the previous histogram value. On the other hand, a buy signal is generated when the MACD line is below 0, there is a change in the histogram from negative to positive, the MACD line and histogram are negative in the previous period, and the current histogram value is greater than the previous histogram value.
3)For the DMI a bearish signal is generated when plusDI crosses above minusDI, indicating that bulls are losing strength and bears are taking control.
The indicator uses a combination of these four indicators to generate potential buy and sell signals. The buy signals are generated when RSI and SRSI values are in oversold conditions, while sell signals are generated when RSI and SRSI values are in overbought conditions. The indicator also uses MACD crossovers and DMI crossovers to generate additional buy and sell signals.
When a signal is strong?
The use of multiple signals within a specific timeframe can increase the accuracy and reliability of the signals generated by this indicator. It is recommended to look for at least two signals within a range of 5-8 candles in order to increase the probability of a successful trade.
Why it's original?
1) There is no indicator in the library that combine all of these indicators and give you a 360 view
2)The combination of the RSI, Stochastic RSI, MACD, and DMI indicators in a single script it's unique and not available in the libray.
3)The specific parameters and conditions used to calculate the signals may be unique and not found in other scripts or libraries.
4)The use of plotshape() to plot the signals as shapes on the chart may be unique compared to other scripts that simply plot lines or bars to indicate signals.
5)The use of alertcondition() to trigger alerts based on the signals may be unique compared to other scripts that do not have custom alert functionality.
Keep attention!
It is important to note that no trading indicator or strategy is foolproof, and there is always a risk of losses in trading. While this indicator may provide useful information for making conclusions, it should not be used as the sole basis for making trading decisions. Traders should always use proper risk management techniques and consider multiple factors when making trading decisions.
Support me:)
If you find this new indicator helpful in your trading analysis, I would greatly appreciate your support! Please consider giving it a like, leaving feedback, or sharing it with your trading network. Your engagement will not only help me improve this tool but will also help other traders discover it and benefit from its features. Thank you for your support!
Strategija TrioThis is a Primo #4 with extra ADX condition to avoid range bound enviroments.
1. ADX must be above 20
2. Price above 50 SMA for long and below 50 SMA for short settings.
3. Short EMA above Middle EMA
4. Pullback and 80 % bounce from Middle EMA within 2 bars
Risk/reward ratio and fund management is eseential, I recomend at least 3/1 and no more than 3 %. Arrows depict the entry bars, Data window shows the Take profit and Stop loss prices
Feel free to adjust it or use it on your own. This is not a financial advice.
TechnicalRating█ OVERVIEW
This library is a Pine Script™ programmer’s tool for incorporating TradingView's well-known technical ratings within their scripts. The ratings produced by this library are the same as those from the speedometers in the technical analysis summary and the "Rating" indicator in the Screener , which use the aggregate biases of 26 technical indicators to calculate their results.
█ CONCEPTS
Ensemble analysis
Ensemble analysis uses multiple weaker models to produce a potentially stronger one. A common form of ensemble analysis in technical analysis is the usage of aggregate indicators together in hopes of gaining further market insight and reinforcing trading decisions.
Technical ratings
Technical ratings provide a simplified way to analyze financial markets by combining signals from an ensemble of indicators into a singular value, allowing traders to assess market sentiment more quickly and conveniently than analyzing each constituent separately. By consolidating the signals from multiple indicators into a single rating, traders can more intuitively and easily interpret the "technical health" of the market.
Calculating the rating value
Using a variety of built-in TA functions and functions from our ta library, this script calculates technical ratings for moving averages, oscillators, and their overall result within the `calcRatingAll()` function.
The function uses the script's `calcRatingMA()` function to calculate the moving average technical rating from an ensemble of 15 moving averages and filters:
• Six Simple Moving Averages and six Exponential Moving Averages with periods of 10, 20, 30, 50, 100, and 200
• A Hull Moving Average with a period of 9
• A Volume-Weighted Moving Average with a period of 20
• An Ichimoku Cloud with a conversion line length of 9, base length of 26, and leading span B length of 52
The function uses the script's `calcRating()` function to calculate the oscillator technical rating from an ensemble of 11 oscillators:
• RSI with a period of 14
• Stochastic with a %K period of 14, a smoothing period of 3, and a %D period of 3
• CCI with a period of 20
• ADX with a DI length of 14 and an ADX smoothing period of 14
• Awesome Oscillator
• Momentum with a period of 10
• MACD with fast, slow, and signal periods of 12, 26, and 9
• Stochastic RSI with an RSI period of 14, a %K period of 14, a smoothing period of 3, and a %D period of 3
• Williams %R with a period of 14
• Bull Bear Power with a period of 50
• Ultimate Oscillator with fast, middle, and slow lengths of 7, 14, and 28
Each indicator is assigned a value of +1, 0, or -1, representing a bullish, neutral, or bearish rating. The moving average rating is the mean of all ratings that use the `calcRatingMA()` function, and the oscillator rating is the mean of all ratings that use the `calcRating()` function. The overall rating is the mean of the moving average and oscillator ratings, which ranges between +1 and -1. This overall rating, along with the separate MA and oscillator ratings, can be used to gain insight into the technical strength of the market. For a more detailed breakdown of the signals and conditions used to calculate the indicators' ratings, consult our Help Center explanation.
Determining rating status
The `ratingStatus()` function produces a string representing the status of a series of ratings. The `strongBound` and `weakBound` parameters, with respective default values of 0.5 and 0.1, define the bounds for "strong" and "weak" ratings.
The rating status is determined as follows:
Rating Value Rating Status
< -strongBound Strong Sell
< -weakBound Sell
-weakBound to weakBound Neutral
> weakBound Buy
> strongBound Strong Buy
By customizing the `strongBound` and `weakBound` values, traders can tailor the `ratingStatus()` function to fit their trading style or strategy, leading to a more personalized approach to evaluating ratings.
Look first. Then leap.
█ FUNCTIONS
This library contains the following functions:
calcRatingAll()
Calculates 3 ratings (ratings total, MA ratings, indicator ratings) using the aggregate biases of 26 different technical indicators.
Returns: A 3-element tuple: ( [(float) ratingTotal, (float) ratingOther, (float) ratingMA ].
countRising(plot)
Calculates the number of times the values in the given series increase in value up to a maximum count of 5.
Parameters:
plot : (series float) The series of values to check for rising values.
Returns: (int) The number of times the values in the series increased in value.
ratingStatus(ratingValue, strongBound, weakBound)
Determines the rating status of a given series based on its values and defined bounds.
Parameters:
ratingValue : (series float) The series of values to determine the rating status for.
strongBound : (series float) The upper bound for a "strong" rating.
weakBound : (series float) The upper bound for a "weak" rating.
Returns: (string) The rating status of the given series ("Strong Buy", "Buy", "Neutral", "Sell", or "Strong Sell").
ZenBot Signals - Trend StrengthI developed this indicator as a "regime detection" for my algo trading bot. It uses the ADX +/- values with a few twists.
- If ADX DI+ is over 30 and DI- is below 20 and falling (inverse for shorts)
- Price action rising/falling thru various VWAP standard deviations indicates a strong trend break
- Some other custom juju (open source so have fun).
I use this primarily to monitor the SPY index as a backdrop for my long and short trades. If the colored line below price bars is red or green, a strong trend is present and there is a decent trade environment.
[MT] Strategy Backtest Template| Initial Release | | EN |
An update of my old script, this script is designed so that it can be used as a template for all those traders who want to save time when programming their strategy and backtesting it, having functions already programmed that in normal development would take you more time to program, with this template you can simply add your favorite indicator and thus be able to take advantage of all the functions that this template has.
🔴Stop Loss and 🟢Take Profit:
No need to mention that it is a Stop Loss and a Take Profit, within these functions we find the options of: fixed percentage (%), fixed price ($), ATR, especially for Stop Loss we find the Pivot Points, in addition to this, the price range between the entry and the Stop Loss can be converted into a trailing stop loss, instead, especially for the Take Profit we have an option to choose a 1:X ratio that complements very well with the Pivot Points.
📈Heikin Ashi Based Entries:
Heikin Ashi entries are trades that are calculated based on Heikin Ashi candles but their price is executed to Japanese candles, thus avoiding false results that occur in Heikin candlestick charts, this making in certain cases better results in strategies that are executed with this option compared to Japanese candlesticks.
📊Dashboard:
A more visual and organized way to see the results and necessary data produced by our strategy, among them we can see the dates between which our operations are made regardless if you have activated some time filter, usual data such as Profit, Win Rate, Profit factor are also displayed in this panel, additionally data such as the total number of operations, how many were gains and how many losses, the average profit and loss for each operation and finally the maximum profits and losses followed, which are data that will be very useful to us when we elaborate our strategies.
Feel free to use this template to program your own strategies, if you find errors or want to request a new feature let me know in the comments or through my social networks found in my tradingview profile.
| Update 1.1 | | EN |
➕Additions: '
Time sessions filter and days of the week filter added to the time filter section.
Option to add leverage to the strategy.
5 Moving Averages, RSI, Stochastic RSI, ADX, and Parabolic Sar have been added as indicators for the strategy.
You can choose from the 6 available indicators the way to trade, entry alert or entry filter.
Added the option of ATR for Take Profit.
Ticker information and timeframe are now displayed on the dashboard.
Added display customization and color customization of indicator plots.
Added customization of display and color plots of trades displayed on chart.
📝Changes:
Now when activating the time filter it is optional to add a start or end date and time, being able to only add a start date or only an end date.
Operation plots have been changed from plot() to line creation with line.new().
Indicator plots can now be controlled from the "plots" section.
Acceptable and deniable range of profit, winrate and profit factor can now be chosen from the "plots" section to be displayed on the dashboard.
Aesthetic changes in the section separations within the settings section and within the code itself.
The function that made the indicators give inputs based on heikin ashi candles has been changed, see the code for more information.
⚙️Fixes:
Dashboard label now projects correctly on all timeframes including custom timeframes.
Removed unnecessary lines and variables to take up less code space.
All code in general has been optimized to avoid the use of variables, unnecessary lines and avoid unnecessary calculations, freeing up space to declare more variables and be able to use fewer lines of code.
| Lanzamiento Inicial | | ES |
Una actualización de mi antiguo script, este script está diseñado para que pueda ser usado como una plantilla para todos aquellos traders que quieran ahorrar tiempo al programar su estrategia y hacer un backtesting de ella, teniendo funciones ya programadas que en el desarrollo normal te tomaría más tiempo programar, con esta plantilla puedes simplemente agregar tu indicador favorito y así poder aprovechar todas las funciones que tiene esta plantilla.
🔴Stop Loss y 🟢Take Profit:
No hace falta mencionar que es un Stop Loss y un Take Profit, dentro de estas funciones encontramos las opciones de: porcentaje fijo (%), precio fijo ($), ATR, en especial para Stop Loss encontramos los Pivot Points, adicionalmente a esto, el rango de precio entre la entrada y el Stop Loss se puede convertir en un trailing stop loss, en cambio, especialmente para el Take Profit tenemos una opción para elegir un ratio 1:X que se complementa muy bien con los Pivot Points.
📈Entradas Basadas en Heikin Ashi:
Las entradas Heikin Ashi son operaciones que son calculados en base a las velas Heikin Ashi pero su precio esta ejecutado a velas japonesas, evitando así́ los falsos resultados que se producen en graficas de velas Heikin, esto haciendo que en ciertos casos se obtengan mejores resultados en las estrategias que son ejecutadas con esta opción en comparación con las velas japonesas.
📊Panel de Control:
Una manera más visual y organizada de ver los resultados y datos necesarios producidos por nuestra estrategia, entre ellos podemos ver las fechas entre las que se hacen nuestras operaciones independientemente si se tiene activado algún filtro de tiempo, datos usuales como el Profit, Win Rate, Profit factor también son mostrados en este panel, adicionalmente se agregaron datos como el número total de operaciones, cuantos fueron ganancias y cuantos perdidas, el promedio de ganancias y pérdidas por cada operación y por ultimo las máximas ganancias y pérdidas seguidas, que son datos que nos serán muy útiles al elaborar nuestras estrategias.
Siéntete libre de usar esta plantilla para programar tus propias estrategias, si encuentras errores o quieres solicitar una nueva función házmelo saber en los comentarios o a través de mis redes sociales que se encuentran en mi perfil de tradingview.
| Actualización 1.1 | | ES |
➕Añadidos:
Filtro de sesiones de tiempo y filtro de días de la semana agregados al apartado de filtro de tiempo.
Opción para agregar apalancamiento a la estrategia.
5 Moving Averages, RSI, Stochastic RSI, ADX, y Parabolic Sar se han agregado como indicadores para la estrategia.
Puedes escoger entre los 6 indicadores disponibles la forma de operar, alerta de entrada o filtro de entrada.
Añadido la opción de ATR para Take Profit.
La información del ticker y la temporalidad ahora se muestran en el dashboard.
Añadido personalización de visualización y color de los plots de indicadores.
Añadido personalización de visualización y color de los plots de operaciones mostradas en grafica.
📝Cambios:
Ahora al activar el filtro de tiempo es opcional añadir una fecha y hora de inicio o fin, pudiendo únicamente agregar una fecha de inicio o solamente una fecha de fin.
Los plots de operaciones han cambiados de plot() a creación de líneas con line.new().
Los plots de indicadores ahora se pueden controlar desde el apartado "plots".
Ahora se puede elegir el rango aceptable y negable de profit, winrate y profit factor desde el apartado "plots" para mostrarse en el dashboard.
Cambios estéticos en las separaciones de secciones dentro del apartado de configuraciones y dentro del propio código.
Se ha cambiado la función que hacía que los indicadores dieran entradas en base a velas heikin ashi, mire el código para más información.
⚙️Arreglos:
El dashboard label ahora se proyecta correctamente en todas las temporalidades incluyendo las temporalidades personalizadas.
Se han eliminado líneas y variables innecesarias para ocupar menos espacio en el código.
Se ha optimizado todo el código en general para evitar el uso de variables, líneas innecesarias y evitar los cálculos innecesarios, liberando espacio para declarar más variables y poder utilizar menos líneas de código.
