Tradespot Quant Tradespot - Quant is an extensive trading algorithm, signal generator and technicals screener packed into one beautifully designed, functional indicator. The script is very customisable to not limit the trader using it but does have some very respectable settings for BTCUSD & ETHUSD on the 4H and 45M charts that we run in an automated fashion here a tradespot round the clock on Binance Futures.
What does Tradespot Quant do?
Trade following signals generated via our bespoke algorithm
Full customisation to allow a deeper use of the indicator across different assets
Beautifully illustrated 'Take Profit' and 'Stop Loss' levels that are configurable to easily see how successful the model can run
Presets for BTCUSD & ETHUSD on the 4H/45M timeframes avaliable instantly for your use.
Innovative trade panel that illustrates key information such as what trade the algorithm is looking for next? is altcoin trading deemed safe or risky right now? How are the technicals looking regarding the overal market trend?
More features being added all the time, we have great ideas and our only limitation is how fast we can program it!
Do you do a free trial?
Yes! Get in touch for a complimentary 48 hour free trial to the indicator, no strings attached.
Who are you?
Tradespot has been creating scripts for years on TradingView that we use to leverage our social trading and signal group offerings. We currently have over $200K in assets trading with our strategies across over 300 users.
You can learn more about us on our website. Please reach out to me or see the link on our profile.
Cerca negli script per "algo"
BKN: Hickory SmokedWelcome to the BKN: Hickory Smoked Indicator. This is an algorithmic indicator that thrives in trending environments. We've included settings for crypto and forex and speed options for lower timeframe entries.
The script offers a stop loss or trailing stop loss that will trigger when an entry is triggered. You can also choose to use it as long or short only.
This indicator is automation ready with alerts for both opening and closing positions.
***IMPORTANT***
For access, please do not comment below. Instead, send a DM here on TradingView or on my linked Twitter account.
LuxAlgo® - Signals & Overlays™Signals & Overlays™ is an all-in-one toolkit made up of more than 20+ features primarily focused on generating useful signals & overlays to fulfill any trader's technical analysis needs with relevant data.
Created directly with TradingView Pine Script Wizard, alexgrover - this is a first of its kind comprehensive script made fully from the ground-up to provide an all-in-one solution for traders.
Signals & Overlays™ can be used alongside other forms of technical analysis, however, it was also designed to be used as a stand-alone toolkit that can fit any trading style. Every feature included considers how not all technical indicators fit every market condition.
The ideal way to utilize this indicator is to explore through all of the features over time, pick & choose 2-3 features best suit your style of trading, and stick with those to create your own unique LuxAlgo trading strategy.
Providing Endless Possibilities Catering To All Trading Styles
Signals & Overlays™ works in any market for discretionary analysis & includes many features:
Beginner-friendly Presets to enable multiple features at once within one-click (locks other settings when enabled).
Confirmation Signals: Normal & Strong signals to help traders confirm trends (not to be followed blindly).
Contrarian Signals: Normal & Strong to help traders spot reversals (also not to be followed blindly).
Exit Signals: "x" marks that apply for both Confirmation Signals & Contrarian Signals to suggest potential take-profit areas during signals.
Signal Optimization Methods: Sensitivity / Agility, optimal sensitvity parameter displayed on dashboard, and Autopilot (dynamic setting).
Candle Coloring: Purple/Green/Red to visualize trends developing between 'normal' & 'strong'.
6+ Indicator Overlays that helps traders visualize trends, find reversal points, and get dynamic areas of support & resistance.
Filters within "Presets / Filters" to allow users to filter Confirmation Signals with Indicator Overlays & other metrics within LuxAlgo Premium.
A complete dashboard with highly actionable metrics such as Trend Strength, current volatility, volume analysis, etc.
Advanced Settings to display customizable TP/SL points, further enhance signal optimizations, & customize dashboard size/location.
Full Any Alert() Function Call Conditions included
Highly useful Filtered Alert Creator section to generate custom filtered signal alerts with Indicator Overlays & other metrics.
+ more. (Check the changelog below for current features)
🔶 USAGE
Basic Signals & Candle Coloring Demonstration
In the image below we can see a basic example of how these 2 core components function within Signals & Overlays™.
As explained earlier, the Confirmation Signals can generate normal labels as well as strong labels marked by the "+" symbol. These signals are directly correlated to the candle coloring in order to see the development of trends & navigate through different market conditions as best as possible.
The candle coloring comes especially in handy when using signals, whereas a positive sign for an uptrend to occur rather than a fake-out is to see candles consistently hold as green. This indicates the market is strong & is likely to continue an uptrend. Vice versa for sell signals & the candles holding as red.
Normal Confirmation Signals often occur with smaller trends, retracements within larger trends, or just as signals a user may not want to trust as much directly. In order to enhance your ability to trust signals more & find more actionable use cases out of LuxAlgo Premium, we recommend going to the settings menu of the indicator & activating some indicator overlays. These are covered in the next section.
🔶 INDICATOR OVERLAYS W/ SIGNALS
In the image below we have enabled the "Smart Trail" & "Reversal Zones" indicator overlays from within the settings of Signals & Overlays™. By using these overlays alongside the signals & candle coloring, users can find more confluence to create trading strategies or plans.
The Smart Trail provides an excellent area of dynamic support/resistance for traders, as well as an additional confluence for general trend following purposes alongside the Confirmation Signals.
The Reversal Zones are particularly useful for areas to immediately take profit on trades, however, during strong trends price may continue rising or falling through the Reversal Zones which makes a good use case of waiting for price to first exit the Reversal Zones before considering the next move in the market.
In the next image below we can see the market is generally ranging, making it more complicated for the standard Confirmation signals to perform greatly as they are meant to excel for finding developing trends. This image displays the Contrarian Signal Mode, Contrarian Gradient candle coloring, as well as the Trend Catcher Indicator Overlay to help us trade these market conditions specifically.
Paired with the Contrarian based candle coloring, these signals can be helpful to a trader looking to find confluent reversals. You can also see the Trend Catcher indicator overlay gives a hybrid approach to analyzing the underlying trend within this price action.
Some traders naturally are Contrarian in nature, so this signal mode may be of primary interest to them, however, most of the use cases will come from the standard Confirmation sigals paired with other overlays or regular technical analysis.
🔶 SIGNALS WITH AI CLASSIFICATION
Our toolkit is able to classify generated signals using a simple machine learning algorithm into four levels. These levels indicate if a signal will most likely indicate a trend continuation (level 3/4) or a reversal/retracement (1/2).
Users are able to filter out certain signals depending on their classification, only keeping signals of interest and potential filtering out false signals.
🔶 FILTERS
In the next image below we can see after resetting the Signals & Overlays™ indicator to it's defaults, we have simply enabled the "Smart Trail Filter" from within the Presets / Filters section at the top of the settings.
By doing this, we can filter out signals that are not aligned with the Smart Trail indicator overlay, which gives direct confluence in every signal that generates on the chart.
Applying filters to signals do not necessarily make them instantly "better" than using the indicator without them. Between every technical indicator, there are trade-offs. So while we can now use Confirmation signals & retests of the Smart Trail as great optimal entry points, at times the indicator may miss signals or retests of the Smart Trail.
The same is seen below with another one of the Filters within Signals & Overlays™; Trend Strength Filter.
We can see the indicator is using the Trend Strength metric to only generate Confirmation Signals that align with a trending market which can clean up a lot of noise during retracements as well as ranging markets.
However, the trade-off present now with this filter enabled is that at times the indicator will miss trends, in which we'd still need to be aware of the price action, candle coloring, or other forms of analysis to give us indications the market may start a new trend opposed to just relying on signals directly.
🔶 CONCLUSION
We believe that success lies in the association of the user with the indicator, opposed to many traders who have the perspective that the indicator itself can make them become profitable. The reality is much more complicated than that.
The aim is to provide an indicator comprehensive, customizable, and intuitive enough that any trader can be led to understand this truth and develop an actionable perspective of technical indicators as support tools for decision making.
You can see the Author's instructions below to get instant access to this indicator & our LuxAlgo Premium indicator suite.
🔶 RISK DISCLAIMER
Trading is risky & most day traders lose money. All content, tools, scripts, articles, & education provided by LuxAlgo are purely for informational & educational purposes only. Past performance does not guarantee future results.
Reticulata Enhanced - StudyBuilding on our core script - Reticulata, the enhanced version features several requested extras to give you more flexibility with your trading style.
What is Reticulata Enhanced?
The Reticulata core leverages a blend of MA/RSI strategies mixed with the BBB optimised logic for risk management. This enhanced version takes it a step further with additional risk management features:
Trailing Stop
Fixed Stop
Fixed Stop, but move at TP
Trend confirmation
Usage
Using the indicator is as simple as:
1. Select the strategy, or combination of strategies you want to use
2. If desired, select one or more of the available trend filters
3. Adjust your stop options
4. Review backtest results
Markets
Like the core, the enhanced algo also supports a range of markets and timeframes, including the majors ( EURUSD , etc...) in Forex and a variety of Cryptocurrencies including Bitcoin (BTC/XBT etc...).
All of our scripts are designed for manual traders but are ready to use with automated trading bots.
PM us to obtain access.
Reticulata Enhanced - StrategyThis script is the backtesting for Reticulata Enhanced.
Building on our core script - Reticulata, the enhanced version features several requested extras to give you more flexibility with your trading style.
What is Reticulata Enhanced?
The Reticulata core leverages a blend of MA/RSI strategies mixed with the Bull Bear Bots optimised logic for risk management. This enhanced version takes it a step further with additional risk management features:
Trailing Stop
Fixed Stop
Fixed Stop, but move at TP
Trend confirmation
Usage
Using the indicator is as simple as:
1. Select the strategy, or combination of strategies you want to use
2. If desired, select one or more of the available trend filters
3. Adjust your stop options
4. Review backtest results
Markets
Like the core, the enhanced algo also supports a range of markets and timeframes, including the majors (EURUSD, etc...) in Forex and a variety of Cryptocurrencies including Bitcoin (BTC/XBT etc...).
All of our scripts are designed for manual traders but are ready to use with automated trading bots.
[astropark] ALGO Trading V3 [alarms]Dear Followers,
today another awesome Swing and Scalping Trading Strategy indicator, runnable on a bot , which works great on many timeframes (from 1h and above is suggested), just write me in order to help you find correct settings).
It must be said that this strategy works even better on 1m Renko chart!
If you are a scalper or you are a swing trader, you will love suggested entries for fast and long-lasting profit.
Keep in mind that a proper trailing stop strategy and risk management and money management strategies are very important (DM me if you need any clarification on these points).
This is not an evolution of "ALGO Trading V1" or "ALGO Trading V2" , but a twin sister of them.
For your reference, here it is the "ALGO Trading V1" indicator
and here the "ALGO Trading V2"
This strategy has the following options:
enable/disable signals on chart
enable/disable bars and background coloring based on trend
enable/disable a "filter noise" option , which try to reduce overtrading (you can easily check it on backtesting)
enable/disable a Take Profit / Stop Loss option (you can easily check it on backtesting too)
enable/disable a secret SmartOption which may improve profit on your chart (again, check it on you chart if it helps or not)
This strategy only trigger 1 buy or 1 sell. If you enable Take Profit / Stop Loss option, consider that many TP can be triggered before trend reversal, so take partial profit on every TP an eventually buy/sell back lower/higher to maximize your profit.
This script will let you set all notifications you may need in order to be alerted on each triggered signals.
The one for backtesting purpose can be found by searching for the astropark's "ALGO Trading V3" and then choosing the indicator with "strategy" suffix in the name, or you can find here below
Strategy results are calculated on the time window from 1995 to now, so on more than 15 years, using 1000$ as initial capital and working at 1x leverage (so no leverage at all! If you like to use leverage, be sure to use a safe option, like 3x or 5x at most in order to have liquidation price very far).
This is not the "Holy Grail", so use a proper risk management strategy.
This script will let you backtest how the indicator will perform on any chart and timeframe you may like to test and/or trade. Of course results will be very different depending on the chart and timeframe you will open. I tested a lot of charts and always you can find a combination that keep this strategy in profit on swing trading style (and this means that if you can have a daily look at the chart you can always manage to maximize your profit on each trade!)
This is a premium indicator , so send me a private message in order to get access to this script.
6Hours swingalgo by BiO-618Hey, I want to share you this algo I remade for a bullish market.
*It uses about 11 indicators, 3 of them made by me to avoid BUYs on the start of a big dump.
*It was added ghost pivots for weekly and monthly values, really useful!
Let me know any suggestion, I will keep working to improve it
[ALL-IN-ONE] Algorithmic S/R and Pivots and Long Term LevelsHello my trading padawans.
Hope you're all having a blast
Here's the invite-only script of the week. The ALL-IN-ONE saga continues with another script.
This time, I compiled a lot of algorithmic supports and resistances (S/R) - to be used with any indicators out there.
Those S/R are universal and work with all asset classes (FOREX, CRYPTO, INDICES, STOCKS, COMMODITIES, ...)
No one can predicts which S/R will stop a move - generally - the high timeframes S/R + the SMAs with a big input value - work as strong walls often forcing the candles to retrace a bit short-term.
At Today's post (October, 25th 2019 - 12 pm UTC-4), we see how useful they were, to identify how high BTC/USD could go before retracing.
I. 💎 SCRIPTS ACCESS 💎
1.🖐️ Access can only be requested through my website.
2.🖐️ My website URL is in this script signature at the very bottom (you'll have to scroll down a bit and going past the long description) and in my profile status available here : Daveatt
3.🖐️ A tutorial article/video will be provided on those sub mentioned links + Tradingview
4.🖐️ You obviously can contact me directly for more information
II. 🔎 ALL-IN-ONE Supports and Resistances 🔎
You can display the algorithmic S/R, and/or pivots, (not finished yet) and the long terms levels.
For the 3 types of S/R, I pre-selected those that I think are the most relevant and useful for everyone. Please let me know if you'd like me to add/remove some.
All those listed by default are important and provide a MAP for a trader.
They give great take profits zones, levels where it's better to wait for a pullback before entering.
2.1 👁️🗨️ S/R mode 👁️🗨️
Each type of S/R can be displayed or not.
2.2 📱 Mobile optimized display 📱
Preview : imgur.com I posted 2 images there
The script is made using the newest version of Pinescript, and displaying small labels for every support/resistance.
✨ This will come in handy for mobile users - they'll get nice looking labels displayed at the right of their chart.
Each S/R type have its own labels and label position. The script users can activate/deactivate them at will
Let's review quickly each one.
2.3 Algorithmic SMAs
I cherish, love, sometimes despite them, but they're very relevant for all asset classes. The tool displays as many relevant algorithmic and generic SMAs that I could think of.
The indicator lists about 18 different SMAs in multiple timeframes.
2.4 Pivots
7 pivots are displayed (S1/S2/S3/P/R1/R2/R3)
You can choose one of 4 pivot point types:
- Traditional
- Woodie
- Fibonacci
- Camarilla.
The fun doesn't stop here. You can also select a timeframe between Daily/Weekly/Monthly/Yearly for those pivots.
For INDICES, for example, I use a lot the daily Traditional Pivots.
2.5 Long Terms Levels
Display by default the highest/lowest weekly/monthly/quarterly/monthly levels.
The scripts user can chose to select the previous highest/lowest also.
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If you have any doubts or questions, please hit me up directly or ask in the comments section of this script.
I'll never claim I have the best trading methodology or indicators.
You only will judge and I'll appreciate all the questions and feedback you're sending my way.
They helped me a ton for developing indicators based on all the requests I received.
May the force 💪 be with you all 🥳.
Dave
Bonfire vs Algo Profile by CaptBlackBeard
Top Secret: Using reactive Bonfire math vs Volume Profile to show gaps in the Profit Algorithm guiding the price to balance the books. This is valued data
Strategy Builder Crypto V6Hello everyone
This indicator is the result of 7 years of trading (including 3 years of analyzing day and night how crypto assets behave).
I made it fully customizable but I wouldn't recommend changing the default values as they're the most optimal ones for now. Might change in the future but I'm very happy with the signals so far and I hope you'll be as well :)
Without further due, let's dig into it...
0 - Algo trading and Why
In the crypto trading, there is a lot of useless noise (we can probably thank Crypto Twitter for that :p) and a lot of useless data with the sole purpose is to lure you (who said Bitfinex Long/Short ratio or CME gaps ??)
I wanted to remove all the useless and only focus on Technical Analysis (TA) because I was deeply convinced that TA includes by design Fundamental Analysis (FA) and Pumponomics Analysis (PA) - PA being for instance when your favorite twitter guru will pump and dump on you
I heard that so many people got REKT from the previous bear market and I wanted to give back to the community - who helped me so much a few years back.
I worked hard to design the method and make it simple for the public and for FREE (so far as I want to collect feedbacks from the community and improving the indicator)
THIS IS MY GIFT TO YOU
1 - Input values
I'll explain later on through a medium article what each parameter means and how to set them up. For now, please used the optimized and recommended values already set in the indicator
2 - The method
This method works for intraday trading for timeframes between m5 and H1. Any timeframe above could work but would give signals too late - in this case, I would recommend changing the inputs with smaller values to adjust
I see a trend being composed of a main trend, and mini sub trends. In other words, for instance, a weekly bullish trend is made of smaller H4 bullish trends. Hope it makes sense so far
Let's call the weekly trend the MAIN trend and the H4 smaller trends the SECONDARY trends
That's exactly what this indicator is about
It will catch the best MAIN trend and all the SECONDARY trends in the same direction of the MAIN trend.
It's up to you if you want to take all the SECONDARY trends or only the first one in the sequence.
3 - Invalidation signal
A signal invalidation is used to make you exiting your position with a small loss before your stop loss will get hit. Very powerful way to save your capital and limit your losses.
You'll find the indicator here on tradingview for free under the name Trend signal with Alert (made by myself)
Trend signal with Alert
to invalidate entries. You'll need to request an invite
Briefly, let's assume we get a BUY signal. I would exit the position either if I'm getting a DOWN trend signal. It means, if the oblique/logarithmic trendline is broken, then it's better to exit the position and wait for the indicator to give another BUY signal later hopefully
Best case, it will limit your loss in case the asset will dump.
Worst case, this strict management strategy will make you exiting your position for no reason and you'll re-enter later (with a signal) at almost the same price or a bit higher
In the long run, this method will prevent you from having big losses
4 - Stop Loss and Take profits levels
It's really up to you. It depends of your capital and psychology
This indicator is made to give big moves but that's not 100% guaranteed. You can draw some trendlines or use moving averages in big timeframes to set your take profit and stop loss levels.
I personally use this also, along with fibonacci on the weekly/monthly timeframes for my take profit levels
As I'm a nice person, I'm linking the Fibonacci indicator that I use here
Automatic Multi-timeframes fibonacci zones
. You'll also need to request an invite for that one
4-bis - Trailing stop
Not financial advice but I use a supertrend and I have a software that will trail my stop according to that supertrend level
For LONG positions, we could set the trailing below the supertrend.
For SHORT positions, we could set the trailing above the supertrend.
You'll find the indicator here on tradingview for free under the name Supertrend V1.0 - Buy or Sell Signal
5 - Which assets
It's working with the default values on major/mid/small caps and for ALTS/BTC, ALTS/USD and ALTS/ETH pairing
YES, THIS IS MOST AWESOME THING OF THE ENTIRE UNIVERSE !!!
6 - Best setup
m15 timeframe is my preferred one for this method. Best Risk/Reward/Invalidations ratio among all other timeframes
I strongly recommend to use the Trend Signal with the input value 14 for the invalidations
If you enter on a BUY signal, and get a RED trend signal, exit immediately the position without waiting for any other confirmation/pullback or anything else
If you enter on a SELL signal, and get a BLUE trend signal, exit immediately the position without waiting for any other confirmation/pullback or anything else
For the trailing stop/Supertrend value, it depends of your capital and how big your stop loss should be. I personally use the settings in the Supertrend indicator
7 - Alerts
You can setup alerts for the primary and secondary signals in Tradingview so that you won't have to stare at the charts all day long. You mental healthy is my priority above everything else :)
8 - More to come
I personally use the alerts from this indicator coupled with a system to take the trades given by the tradingview alerts. I'll publish it later on if I feel the indicator collects enough interest from you guys
DabYourSelfDab Your Self
Trading Script -
this script is an algo for determining certain values per candle
-- request by Dab Your Self
MACKAVELLI Algorithmic ALERTThis is the ALERT script to compliment the strategy script.
When you set the alerts, make sure you use "On Bar Close" as the option, otherwise you will get repeated alerts. You can use this ALERT script with Autoview for automated algorithmic trading.
I had a hard time finding a strategy that would work in different time-frames and multiple different currency pairs. This is what I ended up with after countless hours of research and testing. I designed this strategy for auto-algorithmic trading and it uses three different indicators for Long/Short positions and a 4th indicator for exiting positions.
1) A green-light indicator that tells you whether or not you can go long/short.
2) A confirmation indicator that executes the long/short positions.
3) A chop indicator that measures the distance between the two MA's. When they're too close a trade will not be executed, as this usually indicates a chop zone.
4) A third MA is used as an exit indicator.
5) Finally, a loop function is designed to prevent repeat signals. Once a signal is produced on bar close it cannot happen again until that trade is closed or a new position is opened.
Be advised, you need to adjust the settings for each currency pair and time-frame. Once you do that, back-test it and count the last 100 trades to determine accurately your wins/losses. Long entries are the top of the previous bar, shorts are the bottom of the previous bar. This is a more accurate way of counting wins/losses. Tradingview back-test's are not accurate because of where they estimate your long/short entries are, it's very misleading.
Right now I have it setup for 2hr USDCAD with a back-test of 58% win rate on the last 100 trades.
The chop indicator is set to 0.04, I suggest starting there. 0.03 is the lowest I would go. You can go all the way up to 0.1 and higher if needed. You'll start missing big trades though.
The EMA for green-light signal is set to 10, a lower number will give you more entries but less accurate results, bigger number will give less entries with more accuracy but with missed opportunities. 10 is a good starting point.
This strategy is also designed so you can use tight stop losses to prevent large losses. This is because the strategy typically catches trends on the way up/down, minimizing risk for reversal.
I use Heikin Ashi candles for a smoother chart to work with. I have not tested this strategy with normal candles.
DEMO this strategy before using it live and make sure you back-test and tune it before you start. This is written in PINE V3 SO IT WILL NOT REPAINT.
14/28 Day SMA Divergence and RSI - No RepaintIf you are interested in purchasing my algorithmic trading bot that receives Tradingview indicator alerts via email and then executes them in Bittrex, please visit my product page here: ilikestocks.com Additionally, I would love to create video/blog guides on creating Tradingview scripts or strategies. If you are a knowledgeable in finance or other related fields and would like to be featured on my page, please contact me at tanner@ilikestocks.com.
No crossovers were used in this script, and this is likely the reason for the no repaint(Correct me if wrong).
This strategy script uses a 14-day SMA signal line, a 28-day SMA and RSI. The strategy works by determining whether the (14-day SMA is above the 28-day SMA and the RSI levels are overbought(below 30)) or RSI is very overbought(below 13 or so). Once either of these conditions have been met, a long position is opened.
The initial long position must be partially closed by the take profit first and then the final close is executed if the 14-day signal SMA is below the 28-day SMA; you may also exclusively use take profit to close positions.
The green plotted spikes are the initial long position conditions. The orange plotted spikes are take profit signals once a long position is opened. The red plotted spikes are plotted when the SMA 14-day is below the 28-day SMA.
Please do leave constructive criticism or comments below because it helps me better create scripts!
SmartWave Algorithm v2We've updated a fan favorite with some more kick ass features!
Version 2 of SmartWave Algorithm brings additional options such as :
- Take Profit - Set your profit target percent - Can be used along with AutoView alerts or any other similar bot
- Stop Loss - Set a stop loss target percent - Same as above, plays nice with AutoView
- Trend Filters - Disable Buy and/or Sells in either up trends or down trends
See the original SmartWave Algorithm here :
Want Access? Visit CryptoProTools.com For More Info
Have Questions? Message here or join our Discord via the link on our websites contact page
Volume Profile [SMRT Algo] The Volume Profile is an indicator designed to display volume profile data and help traders visualize the distribution of volume at various price levels.
The red horizontal line represents the price level with the highest volume, known as the Point of Control (PoC). This is indicated by a red label with red text on the right side of the chart. Additionally, two other labels are displayed: one at the top and one at the bottom, showing the current volume range used for the profile.
Key Features
Point of Control (PoC): This is the price level where the highest volume has occurred. It is marked with a red line and label.
Volume Range Labels: Labels show the current range of volume used for the profile, helping you track key levels.
Inputs Settings
The indicator offers various customization options to suit your trading preferences:
Volume MA Length: Defines the length for the moving average of volume (default: 89).
Bars Above Volume Average: Multiplier threshold for bars that exceed the average volume (default: 2.618).
Volume Profile Display: Enables or disables the volume profile display.
Profile Display: Choose how volume is displayed ("Up/Down" for buying/selling volume or "Total" for overall volume).
Up/Down Volume Colors: Set colors for bullish (green) and bearish (red) volume bars.
Bull/Bear Dominance: Indicates market dominance at price levels.
Bull Color: Green for buying pressure.
Bear Color: Red for selling pressure.
Point of Control (PoC): Displays the price level with the highest traded volume.
PoC Color: Red (customizable).
PoC Width: Adjust the thickness of the PoC line.
Value Area Percentage: Sets the percentage of volume within the value area (default: 68%).
Value Area High (VAH) & Low (VAL): Highlights the upper and lower boundaries of the value area.
VAH/VAL Colors & Widths: Customize colors and line widths.
Price Levels Display: Choose how price levels are shown ("High/Low Profile", "Up/Down", or "None").
Label Colors: Adjust the color of the labels for price levels.
Lookback Type: Choose between "Fixed Range" and "Visible Range" for volume profile calculations.
Lookback Length: Defines the number of past bars to include (default: 360, adjustable between 10 and 5000).
Profile Levels: Sets the number of horizontal rows in the volume profile (default: 100, adjustable between 10 and 150).
Profile Placement: Allows you to select "Right" or "Left" for profile positioning.
Profile Width & Offset: Adjusts the width and horizontal offset of the profile.
How It Works
Volume Profile Calculation: The indicator calculates the volume traded at various price levels based on the selected lookback range. It categorizes volume into up-volume (buying) and down-volume (selling) to determine market dominance.
Point of Control (PoC): Identifies the price level with the highest trading volume, helping to gauge market interest.
Value Area (VAH/VAL): Highlights the range within which a majority of the volume has been traded (e.g., 68% of volume).
Market Dominance: Uses color coding to indicate whether buyers or sellers dominate a specific price level.
How to Use
1. Add to Chart: Simply add Volume Profile to your TradingView chart.
2. Customize Inputs: Adjust settings such as lookback range, volume profile display, and color preferences.
3. Interpret Market Strength:
o Look for areas of high volume to identify strong support and resistance zones.
o The Point of Control (PoC) will show where the market has the most interest.
o Monitor bull/bear dominance to gauge which side is in control at a particular price level.
4. Combine with Other Analysis: Use the volume profile data alongside trend analysis, order blocks, and market structure for improved decision-making.
Default settings are recommended.
Volume Profile is a powerful tool for traders looking to analyze volume distribution at different price levels. It offers valuable insights into market sentiment, helping traders identify key support and resistance zones, along with understanding where market participants are most active.
Harish algo for nifty and bankniftyHarish algo for nifty and banknifty
Overview
Harish Algo - Buy and Sell 11 is a powerful trading indicator designed for intraday traders, incorporating multiple technical analysis concepts to identify potential breakout and breakdown levels. It uses pivot points, exponential moving averages (EMAs), and volatility-based levels to generate buy and sell signals with visual markers for better decision-making.
Features & Functionality
✅ Pivot Points Calculation:
The indicator calculates daily pivot points along with resistance (R1) and support (S1) levels.
Helps in identifying potential reversal or breakout areas.
✅ EMA Trend Confirmation:
Uses three EMAs (21, 55, and 200) to confirm trend direction.
Ensures that buy signals align with uptrends and sell signals align with downtrends.
✅ 15-Minute Candle Analysis for Precision:
Captures the last three 15-minute closes of the previous day.
Computes an average and determines volatility-based price levels to anticipate price movements.
✅ Dynamic Buy & Sell Signals:
Bullish (Buy) Signals:
Price breaks above key resistance levels and EMAs confirm an uptrend.
Displayed as yellow (tiny) or green (small) upward triangles below candles.
Bearish (Sell) Signals:
Price drops below key support levels with EMA confirmation of a downtrend.
Displayed as fuchsia (tiny) or red (small) downward triangles above candles.
✅ Alerts for Trade Execution:
Get notified instantly with alerts when a buy or sell signal is triggered.
✅ Customizable Settings:
Modify EMA lengths and adjust parameters to fit different trading strategies.
Usage & Benefits
🔹 Helps traders identify potential entry and exit points with precision.
🔹 Reduces false signals by combining pivot points, EMAs, and price action.
🔹 Works best for intraday traders in the Indian stock markets, but can be applied to other markets as well.
🔹 Suitable for both beginners and experienced traders looking for a structured approach to trading.
How to Use
Add the indicator to your chart.
Observe the plotted pivot points, EMAs, and price levels.
Watch for triangle markers (buy/sell signals).
Use alerts to receive real-time notifications.
Combine with your own risk management strategy for best results.
🔹 Works on all timeframes but optimized for intraday trading.
Disclaimer
📢 This indicator is for educational purposes only and should not be considered financial advice. Always perform your own analysis before taking trades.
PIP Algorithm
# **Script Overview (For Non-Coders)**
1. **Purpose**
- The script tries to capture the essential “shape” of price movement by selecting a limited number of “key points” (anchors) from the latest bars.
- After selecting these anchors, it draws straight lines between them, effectively simplifying the price chart into a smaller set of points without losing major swings.
2. **How It Works, Step by Step**
1. We look back a certain number of bars (e.g., 50).
2. We start by drawing a straight line from the **oldest** bar in that range to the **newest** bar—just two points.
3. Next, we find the bar whose price is *farthest away* from that straight line. That becomes a new anchor point.
4. We “snap” (pin) the line to go exactly through that new anchor. Then we re-draw (re-interpolate) the entire line from the first anchor to the last, in segments.
5. We repeat the process (adding more anchors) until we reach the desired number of points. Each time, we choose the biggest gap between our line and the actual price, then re-draw the entire shape.
6. Finally, we connect these anchors on the chart with red lines, visually simplifying the price curve.
3. **Why It’s Useful**
- It highlights the most *important* bends or swings in the price over the chosen window.
- Instead of plotting every single bar, it condenses the information down to the “key turning points.”
4. **Key Takeaway**
- You’ll see a small number of red line segments connecting the **most significant** points in the price data.
- This is especially helpful if you want a simplified view of recent price action without minor fluctuations.
## **Detailed Logic Explanation**
# **Script Breakdown (For Coders)**
//@version=5
indicator(title="PIP Algorithm", overlay=true)
// 1. Inputs
length = input.int(50, title="Lookback Length")
num_points = input.int(5, title="Number of PIP Points (≥ 3)")
// 2. Helper Functions
// ---------------------------------------------------------------------
// reInterpSubrange(...):
// Given two “anchor” indices in `linesArr`, linearly interpolate
// the array values in between so that the subrange forms a straight line
// from linesArr to linesArr .
reInterpSubrange(linesArr, segmentLeft, segmentRight) =>
float leftVal = array.get(linesArr, segmentLeft)
float rightVal = array.get(linesArr, segmentRight)
int segmentLen = segmentRight - segmentLeft
if segmentLen > 1
for i = segmentLeft + 1 to segmentRight - 1
float ratio = (i - segmentLeft) / segmentLen
float interpVal = leftVal + (rightVal - leftVal) * ratio
array.set(linesArr, i, interpVal)
// reInterpolateAllSegments(...):
// For the entire “linesArr,” re-interpolate each subrange between
// consecutive breakpoints in `lineBreaksArr`.
// This ensures the line is globally correct after each new anchor insertion.
reInterpolateAllSegments(linesArr, lineBreaksArr) =>
array.sort(lineBreaksArr, order.asc)
for i = 0 to array.size(lineBreaksArr) - 2
int leftEdge = array.get(lineBreaksArr, i)
int rightEdge = array.get(lineBreaksArr, i + 1)
reInterpSubrange(linesArr, leftEdge, rightEdge)
// getMaxDistanceIndex(...):
// Return the index (bar) that is farthest from the current “linesArr.”
// We skip any indices already in `lineBreaksArr`.
getMaxDistanceIndex(linesArr, closeArr, lineBreaksArr) =>
float maxDist = -1.0
int maxIdx = -1
int sizeData = array.size(linesArr)
for i = 1 to sizeData - 2
bool isBreak = false
for b = 0 to array.size(lineBreaksArr) - 1
if i == array.get(lineBreaksArr, b)
isBreak := true
break
if not isBreak
float dist = math.abs(array.get(linesArr, i) - array.get(closeArr, i))
if dist > maxDist
maxDist := dist
maxIdx := i
maxIdx
// snapAndReinterpolate(...):
// "Snap" a chosen index to its actual close price, then re-interpolate the entire line again.
snapAndReinterpolate(linesArr, closeArr, lineBreaksArr, idxToSnap) =>
if idxToSnap >= 0
float snapVal = array.get(closeArr, idxToSnap)
array.set(linesArr, idxToSnap, snapVal)
reInterpolateAllSegments(linesArr, lineBreaksArr)
// 3. Global Arrays and Flags
// ---------------------------------------------------------------------
// We store final data globally, then use them outside the barstate.islast scope to draw lines.
var float finalCloseData = array.new_float()
var float finalLines = array.new_float()
var int finalLineBreaks = array.new_int()
var bool didCompute = false
var line pipLines = array.new_line()
// 4. Main Logic (Runs Once at the End of the Current Bar)
// ---------------------------------------------------------------------
if barstate.islast
// A) Prepare closeData in forward order (index 0 = oldest bar, index length-1 = newest)
float closeData = array.new_float()
for i = 0 to length - 1
array.push(closeData, close )
// B) Initialize linesArr with a simple linear interpolation from the first to the last point
float linesArr = array.new_float()
float firstClose = array.get(closeData, 0)
float lastClose = array.get(closeData, length - 1)
for i = 0 to length - 1
float ratio = (length > 1) ? (i / float(length - 1)) : 0.0
float val = firstClose + (lastClose - firstClose) * ratio
array.push(linesArr, val)
// C) Initialize lineBreaks with two anchors: 0 (oldest) and length-1 (newest)
int lineBreaks = array.new_int()
array.push(lineBreaks, 0)
array.push(lineBreaks, length - 1)
// D) Iteratively insert new breakpoints, always re-interpolating globally
int iterationsNeeded = math.max(num_points - 2, 0)
for _iteration = 1 to iterationsNeeded
// 1) Re-interpolate entire shape, so it's globally up to date
reInterpolateAllSegments(linesArr, lineBreaks)
// 2) Find the bar with the largest vertical distance to this line
int maxDistIdx = getMaxDistanceIndex(linesArr, closeData, lineBreaks)
if maxDistIdx == -1
break
// 3) Insert that bar index into lineBreaks and snap it
array.push(lineBreaks, maxDistIdx)
array.sort(lineBreaks, order.asc)
snapAndReinterpolate(linesArr, closeData, lineBreaks, maxDistIdx)
// E) Save results into global arrays for line drawing outside barstate.islast
array.clear(finalCloseData)
array.clear(finalLines)
array.clear(finalLineBreaks)
for i = 0 to array.size(closeData) - 1
array.push(finalCloseData, array.get(closeData, i))
array.push(finalLines, array.get(linesArr, i))
for b = 0 to array.size(lineBreaks) - 1
array.push(finalLineBreaks, array.get(lineBreaks, b))
didCompute := true
// 5. Drawing the Lines in Global Scope
// ---------------------------------------------------------------------
// We cannot create lines inside barstate.islast, so we do it outside.
array.clear(pipLines)
if didCompute
// Connect each pair of anchors with red lines
if array.size(finalLineBreaks) > 1
for i = 0 to array.size(finalLineBreaks) - 2
int idxLeft = array.get(finalLineBreaks, i)
int idxRight = array.get(finalLineBreaks, i + 1)
float x1 = bar_index - (length - 1) + idxLeft
float x2 = bar_index - (length - 1) + idxRight
float y1 = array.get(finalCloseData, idxLeft)
float y2 = array.get(finalCloseData, idxRight)
line ln = line.new(x1, y1, x2, y2, extend=extend.none)
line.set_color(ln, color.red)
line.set_width(ln, 2)
array.push(pipLines, ln)
1. **Data Collection**
- We collect the **most recent** `length` bars in `closeData`. Index 0 is the oldest bar in that window, index `length-1` is the newest bar.
2. **Initial Straight Line**
- We create an array called `linesArr` that starts as a simple linear interpolation from `closeData ` (the oldest bar’s close) to `closeData ` (the newest bar’s close).
3. **Line Breaks**
- We store “anchor points” in `lineBreaks`, initially ` `. These are the start and end of our segment.
4. **Global Re-Interpolation**
- Each time we want to add a new anchor, we **re-draw** (linear interpolation) for *every* subrange ` [lineBreaks , lineBreaks ]`, ensuring we have a globally consistent line.
- This avoids the “local subrange only” approach, which can cause clustering near existing anchors.
5. **Finding the Largest Distance**
- After re-drawing, we compute the vertical distance for each bar `i` that isn’t already a line break. The bar with the biggest distance from the line is chosen as the next anchor (`maxDistIdx`).
6. **Snapping and Re-Interpolate**
- We “snap” that bar’s line value to the actual close, i.e. `linesArr = closeData `. Then we globally re-draw all segments again.
7. **Repeat**
- We repeat these insertions until we have the desired number of points (`num_points`).
8. **Drawing**
- Finally, we connect each consecutive pair of anchor points (`lineBreaks`) with a `line.new(...)` call, coloring them red.
- We offset the line’s `x` coordinate so that the anchor at index 0 lines up with `bar_index - (length - 1)`, and the anchor at index `length-1` lines up with `bar_index` (the current bar).
**Result**:
You get a simplified representation of the price with a small set of line segments capturing the largest “jumps” or swings. By re-drawing the entire line after each insertion, the anchors tend to distribute more *evenly* across the data, mitigating the issue where anchors bunch up near each other.
Enjoy experimenting with different `length` and `num_points` to see how the simplified lines change!
V1 [SMRT Algo]SMRT Algo V1 is a versatile trading indicator designed to provide traders with clear and actionable signals.
The system includes both standard buy/sell signals and confirmed buy/sell signals, denoted by an 'x', which appear after a signal is validated. Traders have the flexibility to enable or disable the confirmed signals based on their trading strategy preferences.
The combination of standard and confirmed buy/sell signals ensures that traders receive both initial alerts and validated signals, thereby enhancing the accuracy and reliability of trade entries. This dual-signal approach helps filter out false signals, providing an additional layer of security for traders.
Core Features:
Standard Signals: These signals are generated based on a pullback logic, where a signal is printed when the price returns to the average price level (the pullback zone) and starts to move away, indicating a potential trend continuation or reversal.
Confirmed Signals ('x'): These appear after the initial signal, providing additional validation and reducing false signals. This feature is particularly useful for traders who seek a higher level of confirmation before entering a trade.
MA Filter: The Moving Average (MA) Filter is a critical component that filters trades to ensure that only those aligned with the prevailing trend are considered. This filter helps in eliminating signals that go against the primary market trend, thereby increasing the probability of successful trades.
Dynamic Support and Resistance (S/R): The Dynamic S/R feature uses background plots to denote zones of support and resistance that are continuously updated based on market movements. These zones are used as part of the signal generation process, helping to identify key levels where price action may reverse or accelerate.
Take Profit (TP) and Stop Loss (SL) Levels: Each trade signal is accompanied by predefined TP and SL levels, offering traders clear guidance on potential exit points. TP levels are structured to provide different risk-reward ratios (e.g., TP1 for 1:1, TP2 for 1:2, TP3 for 1:3), allowing for flexible trade management according to individual risk tolerance and market conditions.
The MA Filter further refines this process by aligning trades with the prevailing market trend. By using a moving average as a filter, the system ensures that signals are only generated in the direction of the trend, reducing the likelihood of counter-trend trades that often carry higher risks. This feature is particularly beneficial in trending markets where maintaining the direction of trades with the overall trend increases the probability of success.
Dynamic Support and Resistance (S/R) zones play a crucial role in the indicator's signal generation and trade management strategies. These zones are not static but adjust in real-time based on market conditions, providing traders with up-to-date information on critical price levels. The integration of dynamic S/R with the signal generation process helps in identifying potential reversal or acceleration points, making it a valuable tool for both trend-following and reversal strategies.
Input Settings:
Show Confirmed Signals: Turning this on will show the ‘x’ on the chart, meaning a signal is confirmed.
Trend Bar Color: Turning this on will result in the signal candle being colored green for buy, and red for sell.
RSI Filter: Turning this feature off will result in not requiring the RSI condition to be met in order for signals to be generated. Turning this off will result in a higher frequency of signals.
X-Bar Range: How far back the indicator will look for signals. Increasing this value will lead to more signals generated, decreasing will lead to less signals.
MA Filter: Turning this on will result in only buy trades being printed when price is above the MA cloud, the opposite for sells. Turning this off will increase in more signals.
Dynamic S/R: This is the trend cloud that is shown on screen. It acts as a dynamic support/resistance as it moves along with price. This zone often acts as a retest (support) zone and is also where signals are often generated. It can be turned on/off visually.
TP/SL: The take profit & stop loss zones can be turned on/off. The size of TP/SL can also be adjusted by increasing or decreasing the multiplier and length values.
These components are not isolated features but work together to create a cohesive and comprehensive trading system. The standard and confirmed signals provide timely and validated entry points, while the MA Filter ensures these entries align with the broader trend. The dynamic S/R zones add another layer of analysis, highlighting critical levels that can influence price movements. Together, these features offer a well-rounded view of the market, enabling traders to make more informed and strategic decisions. The inclusion of TP and SL levels integrates risk management into every trade, making the system not only a tool for identifying trades but also for managing them effectively.
The SMRT Algo Suite offers a comprehensive set of tools and features that extend beyond the capabilities of standard or open-source indicators, providing significant additional value to users.
Advanced Customization: Users can customize various aspects of the indicator, such as toggling the confirmation signals on or off and adjusting the parameters of the MA Filter. This customization enhances the adaptability of the tool to different trading styles and market conditions.
Enhanced Market Understanding: The combination of pullback logic, dynamic S/R zones, and MA filtering offers traders a nuanced understanding of market dynamics, helping them make more informed trading decisions.
Unique Features: The specific combination of pullback logic, dynamic S/R, and multi-level TP/SL management is unique to SMRT Algo V1, offering features that are not readily available in standard or open-source indicators.
Educational and Support Resources: As with other products in the SMRT Algo suite, this indicator comes with comprehensive educational resources and access to a supportive trading community, as well as 24/7 Discord support.
The educational resources and community support included with SMRT Algo ensure that users can maximize the indicators’ potential, offering guidance on best practices and advanced usage.
SMRT Algo believe that there is no magic indicator that is able to print money. Indicator toolkits provide value via their convinience, adaptibility and uniqueness. Combining these items can help a trader make more educated; less messy, more planned trades and in turn hopefully help them succeed.
RISK DISCLAIMER
Trading involves significant risk, and most day traders lose money. All content, tools, scripts, articles, and educational materials provided by SMRT Algo are intended solely for informational and educational purposes. Past performance is not indicative of future results. Always conduct your own research and consult with a licensed financial advisor before making any trading decisions.
Reversal Finder [SMRT Algo]The Reversal Indicator is designed for traders who use contrarian strategies, focusing on identifying potential reversal points in the market. This indicator leverages mean and deviation calculations, along with bar pattern movements, to provide insights into price movements and potential turning points.
Features:
The Reversal Indicator is tailored for contrarian trading, which involves taking positions against the trend to capitalize on potential reversals. This approach is inherently riskier, as it aims to identify precise highs and lows in the market.
Configurable Sensitivity: Traders can adjust the sensitivity of the indicator, which determines how many confirmation candles are required before a signal is generated. Higher sensitivity values mean more confirmation candles, resulting in later but more reliable signals. This feature allows traders to balance between early entries and signal accuracy.
Separate Buy & Sell Sensitivities: Buy and sell sensitivities can be adjusted separately which provides greater flexibility, enabling traders to fine-tune the indicator based on market conditions or personal trading preferences.
Reversal Bands: The indicator features color-coded bands (green, yellow, red) that represent different levels of price overextension. The dynamic nature of these bands, which adjust based on real-time market data, provides a constantly updated visual representation of potential reversal zones.
- Green Band: Indicates the initial phase where price is starting to get overextended.
- Yellow Band: Suggests a moderate level of overextension.
- Red Band: Signals a high likelihood of reversal due to significant overextension.
Signal Generation: The indicator only searches for buy or sell signals when the price enters these reversal bands, thereby focusing on zones with a higher probability of a reversal.
Take Profit (TP) & Stop Loss (SL) Features: The indicator includes predefined TP and SL levels, calculated based on a risk-to-reward ratio with respect to the stop loss. For instance, TP1 corresponds to a 1:1 ratio, up to TP3, allowing traders to manage risk effectively and set realistic profit targets.
Band-Based Take Profit: In addition to standard TP levels, traders can use the reversal bands themselves as take profit zones, targeting the green, yellow, or red areas to close trades. This dual-layered approach provides more nuanced trade management options.
Alert System: The indicator allows traders to set alerts for when signals are generated, ensuring they do not miss potential trading opportunities.
A signal is generate when we have x-consecutive bullish/bearish bars for a buy or sell signal respectively. This is what the 'Sensitivity' input controsl for in the settings. A signal is only generated when price enters the deviation bands, as those are areas where a reversal is of higher probability.
The Reversal indicator uses mean and deviation calculations, which are fundamental to the Reversal Indicator, providing a statistical baseline for identifying overextended price movements. By measuring how far price deviates from its mean, the indicator identifies conditions where a reversal is more likely. This statistical foundation ensures that the signals are based on objective data, rather than subjective judgment.
The integration of bar pattern analysis with mean and deviation calculations allows the indicator to add a layer of context to the raw data. Bar patterns are used to confirm potential reversals by analyzing the formation of candles and the overall structure of the price action. This component enhances the accuracy of signals by ensuring they are not only statistically significant but also contextually relevant.
The Reversal Indicator’s unique sensitivity adjustment feature allows traders to fine-tune the responsiveness of the signals. This flexibility means the indicator can be adapted to various market conditions, enhancing its utility across different trading environments. The separate adjustment for buy and sell sensitivities further allows traders to customize the indicator based on their specific trading strategies, whether they are more conservative or aggressive in their approach.
The Reversal Indicator's unique combination of statistical and pattern-based analysis, customizable settings, and dynamic real-time components offers significant added value compared to standard indicators.
The SMRT Algo Suite, which the Reversal Finder is a part of, offers a comprehensive set of tools and features that extend beyond the capabilities of standard or open-source indicators, providing significant additional value to users.
What you also get with the SMRT Algo Suite:
Advanced Customization: Users can customize various aspects of the indicator, such as toggling the confirmation signals on or off and adjusting the parameters of the MA Filter. This customization enhances the adaptability of the tool to different trading styles and market conditions.
Enhanced Market Understanding: The combination of pullback logic, dynamic S/R zones, and MA filtering offers traders a nuanced understanding of market dynamics, helping them make more informed trading decisions.
Unique Features: The specific combination of pullback logic, dynamic S/R, and multi-level TP/SL management is unique to SMRT Algo, offering features that are not readily available in standard or open-source indicators.
Educational and Support Resources: As with other tools in the SMRT Algo suite, this indicator comes with comprehensive educational resources and access to a supportive trading community, as well as 24/7 Discord support.
The educational resources and community support included with SMRT Algo ensure that users can maximize the indicators’ potential, offering guidance on best practices and advanced usage.
SMRT Algo believe that there is no magic indicator that is able to print money. Indicator toolkits provide value via their convinience, adaptibility and uniqueness. Combining these items can help a trader make more educated; less messy, more planned trades and in turn hopefully help them succeed.
RISK DISCLAIMER
Trading involves significant risk, and most day traders lose money. All content, tools, scripts, articles, and educational materials provided by SMRT Algo are intended solely for informational and educational purposes. Past performance is not indicative of future results. Always conduct your own research and consult with a licensed financial advisor before making any trading decisions.
Jai's Algo SignalsOverview:
Jai's Algo Trade Indicator is a sophisticated trading tool designed to enhance your trading strategy by combining the strengths of two widely-used technical indicators: the Exponential Moving Average (EMA) and the Moving Average Convergence Divergence (MACD). This synergy provides a robust framework for identifying market trends and potential trade opportunities, making it ideal for both novice and experienced traders.
Justification for Combining EMA and MACD:
The EMA is a trend-following indicator that smooths out price data to highlight the direction of the trend, while the MACD is a momentum oscillator that reveals changes in the strength, direction, momentum, and duration of a trend. By integrating these two indicators, Jai's Algo Trade Indicator offers a comprehensive view of market conditions, allowing traders to make more informed decisions based on both trend direction and momentum.
How It Works:
Exponential Moving Average (EMA):
Calculation: The EMA is calculated using a user-defined period (default: 13). This moving average gives more weight to recent prices, making it responsive to new information.
Visualization: The EMA line is plotted on the chart and dynamically changes color: green when the price is above the EMA, red when below, and blue when the price is at the EMA.
Moving Average Convergence Divergence (MACD):
Calculation: The MACD is computed using three parameters: fast length (default: 12), slow length (default: 26), and signal smoothing (default: 9). The MACD line, signal line, and histogram are plotted to show the relationship between two moving averages of a security’s price.
Histogram: The MACD histogram is color-coded to indicate bullish (green), bearish (red), and neutral (gray) conditions, providing visual cues for momentum changes.
Impulse System:
Bar Colors: Bars are colored based on impulse conditions:
Green bars for bullish conditions (price above EMA and MACD histogram > 0).
Red bars for bearish conditions (price below EMA and MACD histogram < 0).
Blue bars for neutral conditions.
Trade Signals:
Buy Signal: A buy (call) signal is generated when a bullish candle crosses and closes above the EMA.
Sell Signal: A sell (put) signal is generated when a bearish candle crosses and closes below the EMA.
Visualization: Signals are displayed as green "BUY" labels below the bars and red "SELL" labels above the bars, providing clear entry and exit points.
How to Use:
Input Parameters:
Customize the EMA length, MACD fast length, slow length, and signal smoothing to fit your trading strategy and timeframe.
Visual Analysis:
Monitor the color-coded EMA line and histogram to understand the current market trend and momentum.
Use the bar colors to quickly identify bullish, bearish, and neutral conditions.
Trade Signals:
Follow the "BUY" and "SELL" signals to execute trades based on the indicator's analysis.
Combine these signals with other analysis techniques and risk management practices for optimal results.
Ideal For:
Traders looking to leverage a combination of trend-following and momentum indicators for more accurate trade entries and exits.
Those who want a clear and visual representation of market conditions to aid in their decision-making process.
Conclusion:
Jai's Algo Trade Indicator integrates the EMA and MACD to provide a powerful and comprehensive trading tool. By combining trend and momentum analysis, this indicator helps traders to make more informed decisions, enhancing their trading performance and confidence.
Han Algo - Moving average strategyHan Algo Indicator Strategy Description
Overview:
The Han Algo Indicator is designed to identify trend directions and signal potential buy and sell opportunities based on moving average crossovers. It aims to provide clear signals while filtering out noise and minimizing false signals.
Indicators Used:
Moving Averages:
200 SMA (Simple Moving Average): Used as a long-term trend indicator.
100 SMA: Provides a medium-term perspective on price movements.
50 SMA: Offers insights into shorter-term trends.
20 SMA: Provides a very short-term perspective on recent price actions.
Trend Identification:
The indicator identifies the trend based on the relationship between the closing price (close) and the 200 SMA (ma_long):
Uptrend: When the closing price is above the 200 SMA.
Downtrend: When the closing price is below the 200 SMA.
Sideways: When the closing price is equal to the 200 SMA.
Buy and Sell Signals:
Buy Signal: Generated when transitioning from a downtrend to an uptrend (buy_condition):
Displayed as a green "BUY" label above the price bar.
Sell Signal: Generated when transitioning from an uptrend to a downtrend (sell_condition):
Displayed as a red "SELL" label below the price bar.
Signal Filtering:
Signals are filtered to prevent consecutive signals occurring too closely (min_distance_bars parameter):
Ensures that only significant trend reversals are captured, minimizing false signals.
Visualization:
Background Color:
Changes to green for uptrend and red for downtrend (bgcolor function):
Provides visual cues for current market sentiment.
Usage:
Traders can customize the indicator's parameters (long_term_length, medium_term_length, short_term_length, very_short_term_length, min_distance_bars) to align with their trading preferences and timeframes.
The Han Algo Indicator helps traders make informed decisions by highlighting potential trend reversals and aligning with market trends identified through moving average analysis.
Disclaimer:
This indicator is intended for educational purposes and as a visual aid to support trading decisions. It should be used in conjunction with other technical analysis tools and risk management strategies.
[FXAN] 77 Cygni Algorithm (Swing Trading)⚜️ FXAN CYGNI INDICATORS ORIGINALITY
Originality comes from proprietary formula we use to measure the relationship between Volume and Price Volatility in relation to overall current market positioning in developing Volume Profile and multiple custom period Volume Profiles. We combine that with our own approach to measure price velocity in correlation to average daily/weekly/monthly ranges of the given market.
The relationship between current volume and price volatility gives us information about how much the volume that is currently coming into the market affects the price movement (volatility) and which side is more dominant/involved in the market (Buyers/Sellers). We call this the "Volume Impact" factor.
This information is then compared in relation to the overall current market positioning in developing Volume Profile and Multiple custom period Volume Profiles. We have created a rating system based on current price positioning in relation to the Volume Profile. Volume profile consists of different volume nodes, high volume nodes where we consider market interest to be high (a lot of transactions - High Volume) and low volume nodes where we consider market interest to be low (not a lot of transactions - Low Volume). We call this the current "Market Interest" factor.
We combine this information with our own approach to measure price velocity in correlation to the higher-timeframe price ranges. Calculation is done by measuring current ranges of market movement in correlation to average daily/weekly/monthly ranges. We call this "Price Velocity" factor.
This approach was applied to develop key components of our Tradingview Indicators, we've simplified some of the calculations and made them easy to use by programming them to display buying/selling volume pressure with colors.
In addition to our own proprietary formulas and criterias to measure volume impact on price, we've also used an array of indicators that measure the percentage change in volume over custom specified periods of time, including custom period ranged Volume Profile, Developing VA, Accumulation/Distribution (A/D Line), Volume Rate of Change (VROC), Volume Price Trend (VPT) - all of them with of course fine-tuned settings to fit the purpose in the overall calculation.
Reasons for multiple indicator use:
Custom period ranged Volume Profiles: To determine current interest of market participants. Used for "Market Interest"
Developing VA: To determine current fair price of the market (value area). Used for "Market Interest".
Accumulation/Distribution (A/D Line): Helping to gauge the strength of buying and selling pressure. Used for "Volume Impact"
Volume Rate of Change (VROC): To give us information about percentage change in volume. Used for "Volume Impact"
Volume Price Trend (VPT): To help identify potential trends. Used for "Volume Impact".
Average True Range (ATR): Used for measuring volatility. Used for "Volume Impact" and "Price Velocity".
Average Daily Range (ADR): Used for measuring average market price movement. Used for "Price Velocity".
How it all works together:
"Volume Impact" factor tells us the influence of incoming market volume on price movement. This information alongside the overall market positioning information derived from "Market Interest" factor combined with information about speed and direction relative to higher-timeframe price ranges frin "Price Velocity.
This is the basis of our proprietary developed Volume Dynamics analysis approach
"Volume Impact" x "Market Interest" x "Price Velocity"
Combining this factors together gives a good overall understanding of which side is currently more involved in the market to gauge the direction ("Volume Impact"), where the market is currently positioned to gauge the context ("Market Interest") and what the current market's momentum to improve the timing of our trades ("Price Velocity"). This increases our probabilities for successful trades, executed with good timing.
To simplify - our indicators will always analyze the volume behind every price movement and rate those movements based on the relationship between movement distance and volume behind it through an array of criterias and rate them.
Colors displayed by the indicators will be a result of that, suggesting which side of the market (Buyers or sellers) is currently more involved in the market, aiming to increase the probabilities for profitable trades. With the help of our indicators you have deep volume analysis behind price movements done without looking at anything else then indicator components.
🔷 OVERVIEW
Cygni 77 Algorithm is a TradingView indicator designed to help determine higher timeframe market context and long-term market sentiment and trends. It analyzes the underlying volume behind market movements and colors the candles with the help of formulas that include technical analysis and market price action. It caters to traders looking for swing trading setups or additional perspectives for day trading sentiment.
🔷 KEY FEATURES
▊ Candle Coloring
▊ Dynamic Support & Resistance Lines
▊ Dots | Above and below the candles
▊ Colored Bar | on the bottom of the chart
🔷 HOW DOES IT WORK?
□ Candle colors will indicate the general market trend from the technical analysis perspective. The calculation for this component uses price action concepts and segments from technical analysis, for example, candle/price structural breaks. Volume is not used for calculations of this component.
□ Dynamic Support & Resistance Lines indicate the current market structure from the technical analysis perspective. The calculation uses pure price action and structural analysis of the current market movements.
□ Candle Dots show what are the mid-term volume dynamics in the market by referencing the daily average price weighted by volume with the periods ranging from days to weeks. Candle Dots suggest what is the likely direction of the market's trend from the mid-term perspective. If the market is bullish, you’ll see the green dots printed below the candles, and if the market is bearish, the dots will color red and print above the candles.
□ Colored Bar analyzes long-term volume dynamics and the market's price action for the past three to six weeks, referencing average price weighted by volume. This makes it much less sensitive than the Candle Dots, so the colors won't change that often. If the market is bullish, you’ll see the green bars, and if the market is bearish, the bars will color red.
🔷 HOW TO USE IT?
□ In general, we look for areas where all components are in sync. These are valid trading signals (refer to the usage example below).
□ If all components are not in sync, we should look for at least two of them to be in sync, while one of them must be the Colored Bar.
□ Candle Colors: Looking for longs when the candles are green and looking for shorts when the colors are red
□ Dynamic Support & Resistance Lines: Used for placing entries and stop-loss limits. Using retest of the line for entry and placing the stop-loss beyond it. Or if we're entering based on other components, we can use the line to place the stop-loss beyond it.
□ Candle Dots: Looking to trade in the direction of the color. If the market is bullish, you’ll see the green dots, and if the market is bearish, the dots will color red.
□ Colored Bar: Most important component of this indicator, we favor trading in the direction suggested by this component. Additional confirmation of other components is a bonus. Colors here don't change that often, but once they do - it usually signals a long-term trend shift. Green color suggests a bullish market, trading long. Red color suggests bearish market, trading short.
🔷 COMBINING THE COMPONENTS
Each component of the indicator serves its own purpose and analyzes the market from its own perspective and with its own custom settings and formulas. The calculation of the individual component is done independently from the calculation of the other components. Once all of them align, we can execute trades with an edge as it signals that different aspects of volume and price analysis line up for the trading opportunity.
-Candle Colors performs technical analysis for you by displaying the colors of a favorable market direction based on the market's current technical structure.
- Dynamic Support & Resistance Lines are used for placing your entry/exit limit orders.
-Candle Dots are used to determine the favorable direction of the market based on Daily Volume Dynamics, with custom timeframe settings ranging from a couple of days to a couple of weeks.
-The Colored Bar is used to gauge the overall favorable trading direction based on Daily Volume Dynamics with custom timeframe settings ranging from 3 to 6 weeks.
It's important to combine the components to increase the probability of success - here's how you should look for a trade:
1. Assess the current most favorable market direction by referencing the Colored Bar. Look for longs if it’s green and for shorts if it’s red
2. Look for the Candle Dots to align with the Colored Bar, look for longs if it’s green and for shorts if it’s red
3. Look for the Candle Colors to align with the Colored Bar. Look for longs if it’s green and for shorts if it’s red
4. Place your SL level beyond the currently developing Support/Resistance line to protect your positions and look for exits once the colors change.
A valid example of the trade would be:
- Colored Bar is green, indicating the favorable trading directions is long
- Candle Dots are green, indicating the favorable trading directions is long
- Candle Colors are green, indicating the market structure is favorable to enter your positions
📊 USAGE EXAMPLE
[FXAN] 75 Cygni Algorithm (Day Trading)⚜️ FXAN CYGNI INDICATORS ORIGINALITY
Originality comes from proprietary formula we use to measure the relationship between Volume and Price Volatility in relation to overall current market positioning in developing Volume Profile and multiple custom period Volume Profiles. We combine that with our own approach to measure price velocity in correlation to average daily/weekly/monthly ranges of the given market.
The relationship between current volume and price volatility gives us information about how much the volume that is currently coming into the market affects the price movement (volatility) and which side is more dominant/involved in the market (Buyers/Sellers). We call this the " Volume Impact " factor.
This information is then compared in relation to overall current market positioning in developing Volume Profile and Multiple custom period Volume Profiles. We have created a rating system based on current price positioning in relation to the Volume Profile. Volume profile consists of different volume nodes, high volume nodes where we consider market interest to be high (a lot of transactions - High Volume) and low volume nodes where we consider market interest to be low (not a lot of transactions - Low Volume). We call this the current " Market Interest " factor.
We combine this information with our own approach to measure price velocity in correlation to the higher-timeframe price ranges. Calculation is done by measuring current ranges of market movement in correlation to average daily/weekly/monthly ranges. We call this " Price Velocity " factor.
This approach was applied to develop key components of our Tradingview Indicators, we've simplified some of the calculations and made them easy to use by programming them to display buying/selling volume pressure with colors.
In addition to our own proprietary formulas and criterias to measure volume impact on price, we've also used an array of indicators that measure the percentage change in volume over custom specified periods of time, including custom period ranged Volume Profile, Developing VA, Accumulation/Distribution (A/D Line), Volume Rate of Change (VROC), Volume Price Trend (VPT) - all of them with of course fine-tuned settings to fit the purpose in the overall calculation.
Reasons for multiple indicator use:
Custom period ranged Volume Profiles: To determine current interest of market participants. Used for " Market Interest "
Developing VA: To determine current fair price of the market (value area). Used for " Market Interest ".
Accumulation/Distribution (A/D Line): Helping to gauge the strength of buying and selling pressure. Used for " Volume Impact "
Volume Rate of Change (VROC): To give us information about percentage change in volume. Used for " Volume Impact "
Volume Price Trend (VPT): To help identify potential trends. Used for " Volume Impact ".
Average True Range (ATR): Used for measuring volatility. Used for " Volume Impact " and " Price Velocity" .
Average Daily Range (ADR): Used for measuring average market price movement. Used for " Price Velocity ".
How it all works together:
"Volume Impact" factor tells us the influence of incoming market volume on price movement. This information alongside the overall market positioning information derived from "Market Interest" factor combined with information about speed and direction relative to higher-timeframe price ranges frin "Price Velocity.
This is the basis of our proprietary developed Volume Dynamics analysis approach
"Volume Impact" x "Market Interest" x "Price Velocity"
Combining this factors together gives a good overall understanding of which side is currently more involved in the market to gauge the direction ("Volume Impact"), where the market is currently positioned to gauge the context ("Market Interest") and what the current market's momentum to improve the timing of our trades ("Price Velocity"). This increases our probabilities for successful trades, executed with good timing.
To simplify - our indicators will always analyze the volume behind every price movement and rate those movements based on the relationship between movement distance and volume behind it through an array of criterias and rate them.
Colors displayed by the indicators will be a result of that, suggesting which side of the market (Buyers or sellers) is currently more involved in the market, aiming to increase the probabilities for profitable trades. With the help of our indicators you have deep volume analysis behind price movements done without looking at anything else then indicator components.
🔷 OVERVIEW
Cygni 75 Algorithm is a TradingView indicator crafted to refine your market analysis and assist in identifying potential entry and exit points by analyzing the underlying volume behind market movements. It helps you determine the overall daily context of the market and its conditions/trends by offering a suite of features tailored to provide insights to traders across various market conditions.
🔷 KEY FEATURES
▊ Candle Coloring
▊ Deviation Bands
▊ Momentum Bar | on the bottom of the chart
▊ Area of Interest (AOI) | Yellow rectangle
🔷 HOW DOES IT WORK?
□ Candles will color in reference to the dominance of buyers or sellers based on underlying volume calculated by a proprietary formula. The green color indicates that buyers are in control, and the red color indicates the selling volume is dominating the market. To simplify, green means there's more buying - red means there's more selling.
□ Deviation bands are used to determine potential trade entries and exits, derived by average price weighted by volume.
□ Momentum Bar shows market momentum by analyzing the differences between multiple moving averages. Green is bullish; red is bearish. The colors will lighten up when momentum is strong, and once the market slows down, they will get darker.
□ Area of Interest (AOI) is used for contextual reference, derived from the previous day's market movements. They remain static throughout the current day.
🔷 HOW TO USE IT?
□ In general, we look for areas where all components are in sync. This are valid trading signals (refer to the usage example below).
□ Candle Colors: Looking for longs when the candles are green, and looking for shorts when the colors are red
□ Deviation Bands: Once we enter the trade, we can place the SL and TP levels at the closest bands.
□ Momentum Bar: Helps with the timing of the entry, looking to enter on light Green/Red colors. Longs when green and shorts when red.
□ Area Of Interest: Generally, we're expecting rotational conditions inside the area and breakouts above/below once the market price gets outside of it. Longs above the area and shorts below the area for breakouts.
🔷 COMBINING THE COMPONENTS
Each component of the indicator serves it's own purpose and analyzes the market from it's own perspective and with its own custom settings and formulas (one looks at trading direction from the perspective of the overall trend and the other looks at price volatility to measure momentum - different perspectives). The calculation of the individual component is done independently from other components. Once all of them align we're able to execute trades with edge as it signals that different aspects of volume and price analysis line up for the trading opportinity.
- Candle Colors are used for determining trading direction
- Deviation bands are used for determining TP/SL levels
- Momentum bar is used to for better timing of your entries/exits.
- AOI is used to help you determine potential market conditions
It's important to combine the components to increase the probability of success - here's how you should look for a trade:
1. Determine the direction you want to trade in with the help of Candle Colors
2. Assess the current market price in reference to AOI - look for longs if the price is above the AOI, shorts if the price is below AOI, and rotations if it's inside the AOI.
3. Wait for the right momentum to develop to improve the timing of the entry by using Momentum Bar.
4. Place TP/SL levels with the help of Deviation bands based on your risk appetite.
A valid example of the trade would be:
- Green Candle Colors (indicating longs)
- Market price is currently above the AOI or breaking the edge of AOI in the upside movement (indicating longs)
- Momentum Bar is Green (indicating long momentum)
- Placing SL to the closest Deviation Band below the price and TP to the closest Deviation Band above the price.
📊 USAGE EXAMPLES
