Model Indicator |ASE|The purpose of this indicator is to allow the user to build their own model. Each feature works cohesively together and depending on the filters you enable, the model gives less and more specific entries. This benefits the trader because they have complete control over the kinds of trades they want to take, while maintaining its automatic form.
We want to be as customizable as possible while still meeting our users’ needs. We started this indicator to propel us into our ultimate project, the ASE Algo.
Features:
SMC Display
Current Structure:
Liquidity Levels:
Daily Premium Discount Array
SMT Divergence
Displacement Candles:
Entry Factors
FVG
Continuation FVGs
MTF FVGs
Order Blocks
MTF Order Blocks
Confluence Filters
MS Reversal
Liquidity Level Raid
Inducement
Daily Prem/Disc Array
Target Factors
Liquidity Level Targets
Current Structure Targets
Trade Management
Trade Overlay
Risk:Reward Target
Benefits & Examples:
In the image below the indicator signaled multiple entries based on two simple confluence filters, a MS reversal (CHoCH/MSS) and a Liquidity Raid. Going from left to right we can see a short entry at the highs with a supporting Order Block. Liquidity levels are taken before we see a double IDM right below the respected OB that leads to the next signaled entry. In the middle of the chart we see a long entry that leads right into a short entry showing the effectiveness of such a simple model.
In this supporting image we are showcasing the first implementation of the Trade Overlay feature. This feature displays the Entry and Stop Loss to make it more visible and adds a risk to reward target. Additionally displayed is the SMC Toolkit indicator showing us additional confirmation with our signaled entries playing right out of a higher timeframe FVG.
An additional entry feature is the MTF zone. Setups can form on all timeframes and subjecting yourself to only one may lead you to miss out on some perfect setups or a larger move. In the image below we are on the 1 minute timeframe. We can see the Initial Reversal Entry which played out beautifully and filled a higher timeframe SFVG. With the MTF zone we can see a 3 minute and 5 minute Zone which produces the rest of the trend reaching another higher timeframe SFVG after filling the previous one. Once again showing the benefit of the Toolkit indicator but the plotted entries from such a simple model.
In addition to the model indicators filtered out entry zone, we can use additional confluences to confirm these entries. In the image below we can see a short entry printed after a move out of the Std. Dev. vwap wave which shows over extension. Taking the entry we can have a tight stop loss at the vwap wave or the recent high where we have a liquidity level, targeting a lower liquidity level or higher timeframe FVG.
For this example we are only filtering based on MS Reversals (CHoCH/MSS) to get our entries. Because of this we need additional confirmation to be confident in taking the plotted entry. In the image below you can see a long signal printed, confirmation being the previous Failed Reversal.
Cerca negli script per "algo"
Honest Algo PremiumThis toolkit is a collection of innovative indicators, carefully designed to be as user friendly as possible. Get access to a collection of all the best we can offer in one indicator.
Providing Multiple Trading Styles
Our toolkit works in any market but has been specifically designed for Bitcoin and Forex.
Detect the direction of the trend using an algorithm based on our bounce manager ATR consolidation filtering
Find bounces from a handful of different pre-determined lines, the include a 20 period EMA, a supertrend, a T3 moving average and kijun-sen
Detect Rob Smith #thestrat entries
Filter out noise with our environment filters
and much more. (Check the changelog below for future additions)
If you want more information on how the price action entries of Rob Smith #thestrat work, there are many tutorials on the internet.
When using Rob Smith #thestrat entries the indicator uses bounce manager with a 200 period EMA for trend based bar coloring.
A quick explanation how it finds bounces from these lines:
Filter signals based on timeframe continuity
Timeframe continuity is a method of market analysis where you look if multiple different timeframe charts are in the same direction.
For example:
default settings we are in bull territory when the yearly, the quarterly, the monthly and the weekly candle all are green.
default settings we are in bear territory when the yearly, the quarterly, the monthly and the weekly candle all are red.
We provided multiple presets but it is recommended to use the standard preset, timeframe continuity is the strongest when using higher timeframes.
Filter signals based on market environment
We realised that trading long or short in an environment with no resistances increased our algorithms success rate.
How the algorithm does this:
1: See which timeframes the user has selected as a filter, on default these are:
Needs to be outside timeframe 1 (yearly), false
Needs to be outside timeframe 2 (quarterly), false
Needs to be outside timeframe 3 (monthly), true
2: Check if our closing price is above those timeframes previous candle high or below previous candle low.
This in combination with timeframe continuity gives a great tool to find the sentiment of the market and trade in the direction of the market.
Turn on autopilot using our signals
This tool is not made to do all decisions for you and requires a manager (you). The basic strategy using the #thestrat preset is to scale into positions on the 4H or higher timeframe, whenever a signal is fired you add to your position and as trend keeps developing the tool will keep adding to your positions.
A good manager knows risk management and does not use a very large position size per entry and builds a position over time.
We recommend you use a timeframe of 4H or higher and diversify over multiple assets. The indicator works best on assets that overtime have created long lasting trends.
Examples of perfect coins to use this on.
We know traders love clean looking charts
This is wy we added some popular indicators to our toolkit, these you can find on tradingview for free but we added them into our toolkit using our color theme, you can find these in the settings under (extra tools).
We also added an option to display bounce source, this is the source line some of our signal presets use to find bounces from using preset bounce manager parameter.
TrustedSignals™TrustedSignals Indicator includes standard Buy and Sell signals on the chart, Support & Resistance lines, Auto-Trendlines, AutoFibs and an All-in-One Market Dashboard.
(All these signals can be set up as Live Alerts directly in Tradingview)
The 2 main Input options for this algorithm are ' Reactivity ' and ' Depth '. By default, the indicator is added to your chart with the best settings we've found so far.
-The ' Reactivity ' controls how quickly the algorithm reacts to trend changes. The higher the reactivity, the fewer trades on the chart. If the Reactivity input is low, the algorithm will react more quickly, and show more frequent trades.
-The ' Depth ' controls the position of the signals relative to the trend swing. A lower Depth will allow for more frequent and earlier entries, while a higher Depth will give slower entries.
Our third (secondary) input is ' Trend Length ' (the Lookback of the ' Current Trend ' indicator). TrustedSignals™ is coloring the candles based on the current trend direction. The blue color shows an uptrend, while the red color shows a downtrend. Buy and Sell signals alerted while the current trend is showing pink (Sideways Market) should be taken carefully, as the market direction is not decided.
Since we believe in the idea of an ' All-in-One ' Indicator, we have included 3 more extremely useful and powerful trading tools.
-The first optional feature is the ' Support and Resistance ' lines. This feature can be activated to draw the key levels of Support and Resistance, easing your decision making and reinforcing the entry signals. Those levels can also be used as Stop Loss or Take Profit
-The second optional feature is the ' Auto-Trendlines '. This part of our amazing indicator automatically draws Trendlines based on the Lookback period the user inputs.
-The last and most important optional feature is the ' AutoFibs '. TrustedSignals™ will automatically draw Fibonacci Retracement levels from trend swing key points. (the lookback length can be adjusted by the user)
- Market Dashboard -
Within one simple panel on your chart, our Dashboard displays the most relevant data from all of our features in real-time.
Current Trend
(The bar color) is an indicator based on Murrey Math's lines. These lines are based on the idea that according to Gann, price moves in 1/8's that act as points of support and resistance. Given this 1/8 characteristic of price action, we assigned properties to each of the lines in a given octave, obtaining a perfect Trend Indicator shown by the candle color, ranging from red to orange to blue.
Market Sentiment
Market Sentiment is a zero lag, 'noise-free', custom improved version of the old 'Relative Strength Indicator ( RSI )' It measures trend velocity and momentum, while it charts the current and historical strength or weakness of the market. It is a much more accurate and vastly superior than the usual RSI.
Trusted Sginals Oscillator
TS Oscillator is our own branded indicator used to measure market momentum and determines whether bullish or bearish trend dominates the market. It measures the market momentum, with the aim to detect potential trend direction. Helping you to identify if the price is high or low in comparison to the recent price behavior.
Outputs: "Strong Bearish ", "Weak Bearish", "Strong Bullish ", "Weak Bullish"
Higher Timeframe Trend is a trend indicator based on our own non-repainting calculation of higher timeframe trend. It is based on a custom method that builds synthetic support and resistance lines from higher time, without repainting, while keeping the output extremely accurate.
Use the link below to obtain access to this indicator
[GM ELITE] Dynamic_Introduction
This is the first of the GM ELITE indicator range. Designed for Algorithmic Traders looking to speed up their process of testing and optimizing their algorithm. This script contains an entire suite of indicators, that work together in unison to find optimal trade entries, based on NNFX rules. There are two versions of this script. One is a strategy and built in back-tester, and the other will update in real time designed for live trading and forward testing.
This script is for live trading/forward testing.
Entries/Exits
The System has 5 indicator slots, and the user can choose one indicator per slot
- Trend Confirmation Indicators to pick when the market has taken off
- Volume and volatility Indicators to determine the strength of the trend or whether the market is ranging.
- Moving Averages for trend bias
- Exit Indicators to signal when to get out!
Money Management
Dynamic allows you to choose your Stop Loss and Take Profit distance based on a multiplier x ATR.
Options to exit the whole trade at TP or at a signal from the exit indicator of your choosing.
Start and End times (Window) to backtest.
Forex - $EVZ
Euro Volatility FX Vix ( aka $EVZ) is built in. You can toggle a filter for low $EVZ or whether or not EVZ is above average. No signals will be given if EVZ is below threshold. EVZ is one of the best indicators of overall forex market volume and volatility .
Customization
Several visual and color customization options. Thousands of possible parameter combinations.
The "bias" or mode of the Confirmation Indicators appears at the top and bottom of the screen as horizontal rows of triangles.
For any two-line Indicator (eg MACD ) if the fast line is above the slow line, the triangles are green, other-wise, they are red.
For any "Level Cross" indicator, when the line is above the level, the triangles are green, otherwise, they are red.
The Arrows at the bottom of the screen determine whether or not there is sufficient volume
Profitable Jurik RSXIntroduction
As you know the Jurik RSX is a "noise free" smoothed version of RSI (Relative Strength Index), with no added lag.
It was originally developed by Mark Jurik and is used the same way as RSI. To learn more about this indicator see www.jurikres.com
The most basic and common strategy is to use the crossovers between Jurik RSX and its overbought/oversold levels as trade signals:
when RSX crosses above 30, go Long
when RSX crosses below 70, go Short
exit when a crossover occurs in the opposite direction
What is this tool?
This tool is a performance scanner that uses a decision tree-based algorithm under the hood to find the most profitable settings for Jurik RSX. It analyzes the range of periods between 2 to 100 and backtests the Jurik RSX for each period (using the strategy mentioned above) across the entire history of an instrument. If the more profitable parameter was found, the indicator will switch its value to the found one immediately.
So, instead of manually selecting parameters just apply it to your chart and relax - the algorithm will do it for you, everywhere you want.
The algorithm can work in two modes: Basic and Early Switch. The Early Switch algorithm makes some assumptions and activates a set of optimizations to find a better setting DURING the trades, not after they were actually closed.
The difference is illustrated on the screenshot below
But two modes can show identical values depending on timeframe
Additionally you can set up a backtest window through indicator's settings (the optimizers which were published before will get this feature soon).
Alerts
It has a special alert that notifies when a more profitable period was detected.
NOTE: It does not change what has already been plotted.
NOTE 2: This is not a strategy, but an algorithmic optimizer.
Profitable RSI (Relative Strength Index)Introduction
As you know the Relative Strength Index (RSI) was originally developed by J. Welles Wilder and was described in his book "New Concepts in Technical Trading Systems" (1978). It is intended to measure the strength or weakness of an instrument for the specified period.
The most basic strategy is to use the crossovers as trade signals:
when RSI crosses above 30, go Long
when RSI crosses below 70, go Short
Exit when a crossover occurs in the opposite direction
What is this tool?
This tool is a performance scanner that uses a decision tree-based algorithm under the hood to find the most profitable settings for RSI. It analyzes the range of periods between 2 to 100 and backtests the RSI for each period using the strategy mentioned above across the entire history of an instrument. If the more profitable parameter was found, the indicator will switch its value to the found one immediately.
So, instead of manually selecting parameters just apply it to your chart and relax - the algorithm will do it for you.
The algorithm can work in two modes: Basic and Advanced "Early Switch" . The Early Switch algorithm makes some assumptions and activates a set of optimizations to find the better setting DURING the trades, not after they were closed.
The difference is illustrated on the screenshot below:
Additionally you can set up a backtest window through indicator's settings (the optimizers which were published before will get this feature soon).
Alerts
It has a special alert that notifies when a more profitable period was detected.
NOTE: It does not change what has already been plotted.
NOTE 2: This is not a strategy, but an algorithmic optimizer.
Day after day. Night after night.
I've been waiting to program again.
Day after day. Night by to night.
Trading is waiting inside your heart.
Profitable AroonIntroduction
The Aroon indicator was developed by well-known technical analyst Tushar Chande in 1995 and is used to identify trend changes in the price of an asset, as well as the strength of that trend. The fact that he named the indicator "Aroon" which is Sanskrit for "Dawn’s Early Light" demonstrates his belief in his indicator's trend discovery capabilities.
It is composed of two lines, Aroon Up and Aroon Down .
The most basic strategy is to use the crossovers as trade signals:
when Aroon Up crosses above Aroon Down , go Long
when Aroon Down crosses above Aroon Up , go Short
Exit when a crossover occurs in the opposite direction
What is this tool?
This tool is a performance scanner that uses a decision tree-based algorithm under the hood to find the most profitable period setting for the Aroon. It analyzes the range of periods between 2 to 100 and backtests the Aroon indicator for each period using the strategy mentioned above across the entire history of an instrument. If a more profitable parameter was found, the indicator will switch its value to the found one immediately.
Alerts
It has an alert that notifies when a more profitable period was found.
NOTE : It does not change what has already been plotted.
Good luck and Happy Trading!
DTFX Algo Zones [SamuraiJack Mod]CME_MINI:NQ1!
Credits
This indicator is a modified version of an open-source tool originally developed by Lux Algo. I literally modded their indicator to create the DTFX Algo Zones version, incorporating additional features and refinements. Special thanks to Lux Algo for their original work and for providing the open-source code that made this development possible.
Introduction
DTFX Algo Zones is a technical analysis indicator designed to automatically identify key supply and demand zones on your chart using market structure and Fibonacci retracements. It helps traders spot high-probability reversal areas and important support/resistance levels at a glance. By detecting shifts in market structure (such as Break of Structure and Change of Character) and highlighting bullish or bearish zones dynamically, this tool provides an intuitive framework for planning trades. The goal is to save traders time and improve decision-making by focusing attention on the most critical price zones where market bias may confirm or reverse.
Logic & Features
• Market Structure Shift Detection (BOS & CHoCH): The indicator continuously monitors price swings and marks significant structure shifts. A Break of Structure (BOS) occurs when price breaks above a previous swing high or below a swing low, indicating a continuation of the current trend. A Change of Character (ChoCH) is detected when price breaks in the opposite direction of the prior trend, often signaling an early trend reversal. These moments are visually marked on the chart, serving as anchor points for new zones. By identifying BOS and ChoCH in real-time, the DTFX Algo Zones indicator ensures you’re aware of key trend changes as they happen.
• Auto-Drawn Fibonacci Supply/Demand Zones: Upon a valid structure shift, the indicator plots a Fibonacci-based zone between the breakout point and the preceding swing high/low (the source of the move). This creates a shaded area or band of Fibonacci retracement levels (for example 38.2%, 50%, 61.8%, etc.) representing a potential support zone in an uptrend or resistance zone in a downtrend. These supply/demand zones are derived from the natural retracement of the breakout move, highlighting where price is likely to pull back. Each zone is essentially an auto-generated Fibonacci retracement region tied to a market structure event, which traders can use to anticipate where the next pullback or bounce might occur.
• Dynamic Bullish and Bearish Zones: The DTFX Algo Zones indicator distinguishes bullish vs. bearish zones and updates them dynamically as new price action unfolds. Bullish zones (formed after bullish BOS/ChoCH) are typically highlighted in one color (e.g. green or blue) to indicate areas of demand/support where price may bounce upward. Bearish zones (formed after bearish BOS/ChoCH) are shown in another color (e.g. red/orange) to mark supply/resistance where price may stall or reverse downward. This color-coding and real-time updating allow traders to instantly recognize the market bias: for instance, a series of bullish zones implies an uptrend with multiple support levels on pullbacks, while consecutive bearish zones indicate a downtrend with resistance overhead. As old zones get invalidated or new ones appear, the chart remains current with the latest key levels, eliminating clutter from outdated levels.
• Flexible Customization: The indicator comes with several options to tailor the zones to your trading style. You can filter which zones to display – for example, show only the most recent N zones or limit to only bullish or only bearish zones – helping declutter the chart and focus on recent, relevant levels. There are settings to control zone extension (how far into the future the zones are drawn) and to automatically invalidate zones once they’re no longer relevant (for instance, if price fully breaks through a zone or a new structure shift occurs that supersedes it). Additionally, the Fibonacci retracement levels within each zone are customizable: you can choose which retracement percentages to plot, adjust their colors or line styles, and decide whether to fill the zone area for visibility. This flexibility ensures the DTFX Algo Zones can be tuned for different markets and strategies, whether you want a clean minimalist look or detailed zones with multiple internal levels.
Best Use Cases
DTFX Algo Zones is a versatile indicator that can enhance various trading strategies. Some of its best use cases include:
• Identifying High-Probability Reversal Zones: Each zone marks an area where price has a higher likelihood of stalling or reversing because it reflects a significant prior swing and Fibonacci retracement. Traders can watch these zones for entry opportunities when the market approaches them, as they often coincide with order block or strong supply/demand areas. This is especially useful for catching trend reversals or pullbacks at points where risk is lower and potential reward is higher.
• Spotting Key Support and Resistance: The automatically drawn zones act as dynamic support (below price) and resistance (above price) levels. Instead of manually drawing Fibonacci retracements or support/resistance lines, you get an instant map of the key levels derived from recent price action. This helps in quickly identifying where the next bounce (support) or rejection (resistance) might occur. Swing traders and intraday traders alike can use these zones to set alerts or anticipate reaction areas as the market moves.
• Trend-Following Entries: In a trending market, the indicator’s zones provide ideal areas to join the trend on pullbacks. For example, in an uptrend, when a new bullish zone is drawn after a BOS, it indicates a fresh demand zone – buying near the lower end of that zone on a pullback can offer a low-risk entry to ride the next leg up. Similarly, in a downtrend, selling rallies into the highlighted supply zones can position you in the direction of the prevailing trend. The zones effectively serve as a roadmap of the trend’s structure, allowing trend traders to buy dips and sell rallies with greater confidence.
• Mean-Reversion and Range Trading: Even in choppy or range-bound markets, DTFX Algo Zones can help find mean-reversion trades. If price is oscillating sideways, the zones at extremes of the range might mark where momentum is shifting (ChoCH) and price could swing back toward the mean. A trader might fade an extended move when it reaches a strong zone, anticipating a reversion. Additionally, if multiple zones cluster in an area across time (creating a zone overlap), it often signifies a particularly robust support/resistance level ideal for range trading strategies.
In all these use cases, the indicator’s ability to filter out noise and highlight structurally important levels means traders can focus on higher-probability setups and make more informed trading decisions.
Strategy – Pullback Trading with DTFX Algo Zones
One of the most effective ways to use the DTFX Algo Zones indicator is trading pullbacks in the direction of the trend. Below is a step-by-step strategy to capitalize on pullbacks using the zones, combining the indicator’s signals with sound price action analysis and risk management:
1. Identify a Market Structure Shift and Trend Bias: First, observe the chart for a recent BOS or ChoCH signal from the indicator. This will tell you the current trend bias. For instance, a bullish BOS/ChoCH means the market momentum has shifted upward (bullish bias), and a new demand zone will be drawn. A bearish structure break indicates downward momentum and creates a supply zone. Make sure the broader context supports the bias (e.g., if multiple higher timeframe zones are bullish, focus on long trades).
2. Wait for the Pullback into the Zone: Once a new zone appears, don’t chase the price immediately. Instead, wait for price to retrace back into that highlighted zone. Patience is key – let the market come to you. For a bullish setup, allow price to dip into the Fibonacci retracement zone (demand area); for a bearish setup, watch for a rally into the supply zone. Often, the middle of the zone (around the 50% retracement level) can be an optimal area where price might slow down and pivot, but it’s wise to observe price behavior across the entire zone.
3. Confirm the Entry with Price Action & Confluence: As price tests the zone, look for confirmation signals before entering the trade. This can include bullish reversal candlestick patterns (for longs) or bearish patterns (for shorts) such as engulfing candles, hammers/shooting stars, or doji indicating indecision turning to reversal. Additionally, incorporate confluence factors to strengthen the setup: for example, check if the zone overlaps with a key moving average, a round number price level, or an old support/resistance line from a higher timeframe. You might also use an oscillator (like RSI or Stochastic) to see if the pullback has reached oversold conditions in a bullish zone (or overbought in a bearish zone), suggesting a bounce is likely. The more factors aligning at the zone, the more confidence you can have in the trade. Only proceed with an entry once you see clear evidence of buyers defending a demand zone or sellers defending a supply zone.
4. Enter the Trade and Manage Risk: When you’re satisfied with the confirmation (e.g., price starts to react positively off a demand zone or shows rejection wicks in a supply zone), execute your entry in the direction of the original trend. Immediately set a stop-loss order to control risk: for a long trade, a common placement is just below the demand zone (a few ticks/pips under the swing low that formed the zone); for a short trade, place the stop just above the supply zone’s high. This way, if the zone fails and price continues beyond it, your loss is limited. Position size the trade so that this stop-loss distance corresponds to a risk you are comfortable with (for example, 1-2% of your trading capital).
5. Take Profit Strategically: Plan your take-profit targets in advance. A conservative approach is to target the origin of the move – for instance, in a long trade, you might take profit as price moves back up to the swing high (the 0% Fibonacci level of the zone) or the next significant zone or resistance level above. This often yields at least a 1:1 reward-to-risk ratio if you entered around mid-zone. More aggressive trend-following traders may leave a portion of the position running beyond the initial target, aiming for a larger move in line with the trend (for example, new higher highs in an uptrend). You can also trail your stop-loss upward behind new higher lows (for longs) or lower highs (for shorts) as the trend progresses, locking in profit while allowing for further gains.
6. Monitor Zone Invalidation: Even after entering, keep an eye on the behavior around the zone and any new zones that may form. If price fails to bounce and instead breaks decisively through the entire zone, respect that as an invalidation – the market may be signaling a deeper reversal or that the signal was false. In such a case, it’s better to exit early or stick to your stop-loss than to hold onto a losing position. The indicator will often mark or no longer highlight zones that have been invalidated by price, guiding you to shift focus to the next opportunity.
Risk Management Tips:
• Always use a stop-loss and don’t move it farther out in hope. Placing the stop just beyond the zone’s far end (the swing point) helps protect you if the pullback turns into a larger reversal.
• Aim for a favorable risk-to-reward ratio. With pullback entries near the middle or far end of a zone, you can often achieve a reward that equals or exceeds your risk. For example, risking 20 pips to make 20+ pips (1:1 or better) is a prudent starting point. Adjust targets based on market structure – if the next resistance is 50 pips away, consider that upside against your risk.
• Use confluence and context: Don’t take every zone signal in isolation. The highest probability trades come when the DTFX Algo Zone aligns with other analysis (trend direction, chart patterns, higher timeframe support/resistance, etc.). This filtered approach will reduce trades taken in weak zones or counter-trend traps.
• Embrace patience and selectivity: Not all zones are equal. It can be wise to skip very narrow or insignificant zones and wait for those that form after a strong BOS/ChoCH (indicating a powerful move). Larger zones or zones formed during high-volume times tend to produce more reliable pullback opportunities.
• Review and adapt: After each trade, note how price behaved around the zone. If you notice certain Fib levels (like 50% or 61.8%) within the zone consistently provide the best entries, you can refine your approach to focus on those. Similarly, adjust the indicator’s settings if needed – for example, if too many minor zones are cluttering your screen, limit to the last few or increase the structure length parameter to capture only more significant swings.
⸻
By combining the DTFX Algo Zones indicator with disciplined confirmation and risk management, traders can improve their timing on pullback entries and avoid chasing moves. This indicator shines in helping you trade what you see, not what you feel – the clearly marked zones and structure shifts keep you grounded in price action reality. Whether you’re a trend trader looking to buy the dip/sell the rally, or a reversal trader hunting for exhaustion points, DTFX Algo Zones provides a robust visual aid to elevate your trading decisions. Use it as a complementary tool in your analysis to stay on the right side of the market’s structure and enhance your trading performance.
Swing [SMRT Algo]The SMRT Algo Swing indicator is a tool tailored for swing trading, designed to provide traders with insights and entry points on higher timeframes, such as the 1-hour (1H) chart and above. This indicator incorporates a range of features to enhance both trend identification and risk management.
Features:
Bar Colors: The indicator employs a straightforward color-coding system to denote market trends: red bars indicate a bearish trend, and green bars indicate a bullish trend. This immediate visual representation aids traders in quickly discerning the prevailing market direction, facilitating swift decision-making.
Buy & Sell Signals: SMRT Algo Swing generates distinct buy and sell signals categorized into two levels, weak and strong.
- Weak Signals: These signals are generated when the basic entry criteria are met. They serve as early alerts to potential trading opportunities, suitable for traders willing to take on more risk or those employing a more aggressive trading strategy.
- Strong Signals: Generated when additional, more stringent conditions are satisfied, these signals indicate higher-probability trade setups.
EMA Filter: The Exponential Moving Average (EMA) filter is a feature that facilitates trend trading. When turned on, the filter ensures that only signals that align with the prevailing trend are displayed. This helps in avoiding counter-trend trades, which can be riskier and less reliable. The EMA length is customizable, allowing traders to adjust the sensitivity of trend detection based on their trading style and market conditions.
Take Profit & Stop Loss Levels: TP & SL levels are pre-calculated based on a risk-reward ratio:
- TP1: Indicates a conservative 1:1 risk-reward ratio, suitable for quick profit-taking. Goes up to TP3. This approach to TP and SL can help traders define their risk exposure clearly and set realistic profit targets.
Strong signals are designed to provide highly accurate entry points, often referred to as "sniper entries," due to their precision in aligning with market trends. The option to display weak, strong, or both types of signals allows traders to tailor the indicator to their specific trading preferences and risk profiles.
Input Settings:
Bar Color: Bar colors can be turned on/off. Green candles show a bullish market/trend, while red candles show bearish.
Signal: Choose to show either only Strong/Weak/Both buy & sell signals.
Lookback Period: The higher the lookback period, the less frequent the signals. Adjusting this value affects the frequency of the buy sell signals.
EMA Filter: Trend filter can be turned on/off. If on, it will only show buy signals that are above the EMA, and sell signals that are below the EMA.
Timeframe: EMA timeframe can be adjusted, i.e. to view higher timeframe trends.
Length: Used to adjust EMA length. A smaller value means that EMA is more susceptible to market movements.
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.
EMA Filter Off:
EMA Filter On:
We recommend traders use this indicator on timeframes 1H and above, with the goal of holding trades over a longer period of time (days, weeks, months) to maximize the market moves.
The integration of these features ensures that the SMRT Algo Swing indicator functions as a cohesive and robust tool for swing traders. The color-coded bars provide an at-a-glance trend overview, which is crucial for context. The buy/sell signals, especially the strong signals, offer entry points that are carefully vetted by the indicator's algorithms. The EMA filter adds a layer of trend confirmation, ensuring that trades are not only timely but also in line with the broader market trend, thereby enhancing the likelihood of success. The TP and SL levels serve as a built-in risk management system, guiding traders on optimal exit points and helping to protect against significant losses.
The SMRT Algo Suite, which the Swing indicator 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 convenience, adaptability 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.
New York Happy HourNew York Happy Hour
Script inspired by Stacey Burke’s 'Trading New York Open 1 Hour a Day'. You know where to search. The algos run on New York time. You’ll be looking to trade from 9.30 AM NY EST using a full day of trading data behind you.
Instruments:
- Gold, major currency pairs, indexes, metals and crypto
Timing: 15 Min
Best Trade Setups:
- 3 Levels (HOD/LOD)
- Trend Trades
- Reversal Trades
- Trading Range
- Or what you see best fit
Script Breakdown:
Sessions:
Asia: 8-11 PM
London: 2-5 AM
New York: 8-11 AM
Other lines:
New York Midnight Open
New York Open
London and NY vertical lines
Previous daily and weekly high and low
ApexBull Algorithmic IndicatorOfficial ApexBull ALL IN ONE Algorithm - Swing and Short Term Indicator!
Description:
A new indicator that provides algorithmic entries for longer term swing trading to intraday traders and scalpers. You choose what time frame to trade!
Built-in features allow to separate signals for both longer and shorter term time frames with algorithm using different settings for each to take advantage of short term moves in more aggressive markets, as well as, give you more conservative, more reliable swing trades for longer term investment horizons. Works on anything from monthly to 1 minute charts. We found that most traders should start with 4 and 1 hour time frames with more conservative settings enabled and then venture out into more aggressive territory.
Algorithm is set to target trending movements and ensure you stay out from whipsaw conditions.
The indicator also features a built-in STOP LOSS levels so you dont have to wonder anymore how close or far to set your stop loss and not to be whipsawed out of your winning trades.
If you would like to try out our indicator please send me a direct message here.
Autonomous LSTM [Noldo] Structure
Feature Layer 1 : Formulation :
The Autonomous LSTM adaptive period equation is a multivariate equation created by averaging a table based on market weights and optimizing it for each time period, by specially Artificial Neural Networks (ANN) training and taking note of the instruments chosen from Foreign exchange instruments, Stock markets , Futures and Commodities , Interest Rates and Yields all over the Global Markets.
Market weights and liquidities were taken into consideration and included in the calculations.
Feature Layer 2: Forecast Algorithm :
When we apply only the first item, we only get the buy and sell signals in reverse.
In other words, since we measure the expectation, the positive signal informs the bear market and the negative scenario informs the bull market.
If we only act according to the expectations market, our system will be very sensitive.
When we associate this with real prices, both our accuracy increases and the reverse market returns to the normal market.
In other words, as in the indicators with standard average, the upward crosses are buy and the downward crosses are sell signal.
Examples:
a -) The normal deep learning script (ANN), which is only created according to expectations:
Unlike standard market, it gives reverse signals.
Original script :
b-) Script with Forecast Algorithm but it only uses valid and standard periods for certain instruments :
Original script :
Feature Layer 3 : Composite of Two Layers : Adaptive Period (Length) Algorithm
This layer is the most important layer.
Outputs the period.
It adjusts itself to market conditions and provides a more agile trading environment under all circumstances.
Display of smart period function and standard period :
Where the market is stagnant, the period increases automatically and reduces unnecessary trade, while in trendy markets the period decreases automatically and allows to see positions first.
The degree of stagnation of the instrument concerned is not calculated solely by volatility.
We may perceive this in relation to several factors, but yes volatility is one of these factors.
When we put the script system under the MACD (Moving Average Convergence Divergence) roof, I did the tests.
Where both averages were positive, they could report accurate harsh trend news, or vice versa.
But I decided to give it up and put it on the Stochastic Money Flow Index .
First of all , Stochastic Money Flow Index function takes the volume into account.
The reason for this is a very important factor, which is naturally contained in the structure of High - Low conditions related codes.
And by using this factor, it could be superfast adaptive in both stagnant and trendy markets.
Feature Layer 4 : High - Low Selection Algorithm
The High-Low Selection Algorithm does not depend on a specific period but scans all periods backwards.(Lookback Function - Lkb )
Outputs the lowest or highest values in the specified new period.
This algorithm was written by me with the concern that if everyone trades according to the same threshold values, it will cause problems and choosing between values of the whole period length will slow down the signals.
This algorithm consists of two functions.
a - Lkb (Lookback Function) :
The lookback function scans back all periods from 0 to Smart Period bars at the same time.
In order to show the effect of the function, it was done between 0 and 84 bars.
However, the scan period of the function is normally at the same time: 0 to adaptive period time.
If the adaptive period includes a fractional day, it can also scan it.
There is no need to be an integer.
All functions are written to make mutable variables appropriate.
And what this function will scan depends on the second feature.
The special selection algorithm is in this function.And the output is given in this function.
b-) High - Low Selection Algorithm
Outputs the lowest or highest values in the specified new period.
This function allows you to select the most advantageous low or high values, even though the adaptive period remains the same.
And the signals are even more accurate.
This is a comparison of the High-Low selection algorithm and the Function: Stochastic Money Flow Index in the standard period.
For the codes of the Stochastic Money Flow Index function:
Speed may not be clear here.
So let's take a look at on chart.
So I would like to show a comparison values of the standard and special selection algorithms on Standard Highest - Lowest Function (All effort goes to RicardoSantos)
Note: This function is the standard function and freed from integer loads.
Blue = Function Highest - Lowest (length = 10 )
Yellow = Smart High-Low Selection Algorithm (length = 10 )
You can better observe the different results in the same period on the chart.
***
4 layers are interdependent.
And when the inter-layer operations are completed, output is given.
*** - Usage of Autonomous LSTM
Plot Rules
Blue Zones = Crossover condition where the average of long and short lines is less than 50.
Orange Zones = Crossunder condition where long and short lines averages more than 50.
Green Zones = Crossover condition where the average of long and short lines is greater than 50.
Red Zones = Crossunder condition where long and short lines averages less than 50.
*** Autonomous LSTM Settings :
It is just the barcolor to be colored according to the crossover and crossunder conditions or not (I / 0) option.
*** Autonomous LSTM Alerts :
As an alert, it only reports crossover and crossunder status as "Long Signal" and "Short Signal" as a warning after the first bar closure.
*** CONCLUSION :
Autonomous LSTM Designed to be used in any time frame.
Does not repaint in any time frame.
Script is independent of constant coefficients.No period adjustment is necessary.
Each layer transfers the information in its own layer to the next layer and the results are reflected in the Stochastic Money Flow Index function built on the resultant.
Regards.
Profitable MAMA & FAMA CrossoverIntroduction
The MESA Adaptive Moving Average (MAMA) was originally presented by John F. Ehlers. By design, it is a special kind of Exponential Moving Average with self-adjusting alpha. Its adaptation is based on the rate change of phase as measured by the Homodyne Discriminator and the alpha parameter is allowed to range between a maximum and minimum value (Fast Limit and Slow Limit).
Key Point: Ehlers suggested the maximum value to be 0.5 and the minimum to be 0.05 .
The variable alpha is computed as the Fast Limit divided by the phase rate of change. If the phase rate of change is large, the variable alpha is bounded at the SlowLimit. Then, this alpha is used to compute MAMA and FAMA (Following Adaptive Moving Average).
Should we rely on Ehlers' suggestions if we want to achieve the best result with MAMA & FAMA crossover system?
Well, he is a good specialist and widely recognized author, I respect him, but the answer is no and you can see results on the chart.
What is our goal?
We want to find the best configuration for MAMA & FAMA Crossover. To achieve that we need to analyze the MAMA's alpha parameter or, more specific, the bounds for this parameter, Fast and Slow Limits.
What is this tool?
This tool is a performance optimizer that uses decision tree-based algorithm under the hood to find the most profitable settings for the MAMA & FAMA Crossover. It analyzes a bunch of different Fast Limits (between 0.01 to 0.8 with step of 0.1 ) and Slow Limits (between 0.01 to 0.6 with step of 0.1 ) and backtests each combination across the entire history of an instrument. If the more profitable parameters were found, the indicator will switch its values to the found ones immediately.
So, instead of manually selecting and testing parameters just apply this indicator to your chart and
relax - the algorithm will find the best parameters for you
Alerts
It has a special alert that notifies when the more profitable settings were detected.
NOTE: It does not change what has already been plotted.
NOTE 2: This is not a strategy, but an algorithmic optimizer.
Reference: www.mesasoftware.com
MAMA & FAMA Crossover can be found here:
Profitable SuperTrendIntroduction
I was faced with the fact that many authors contradicted each other about the indicator settings. Each trader offers his(her) own settings, without having an evidence base. Therefore, I decided to make an algorithmic optimizer.
What is this tool?
This tool is a performance optimizer that uses a decision tree-based algorithm under the hood to find the most profitable settings for the SuperTrend indicator. It analyzes a bunch of different ATR Periods (between 3 to 45 ) and ATR Multipliers (between 1 to 8 with a decimal step of 0.1 ) and backtests each combination across the entire history of an instrument. If the more profitable parameters were found, the indicator will switch its values to the found ones immediately.
Instead of manually selecting parameters, just relax - the algorithm will do it for you.
Alerts
It has an alert that notifies when the more profitable settings were found.
NOTE: It does not change what has already been plotted before.
NOTE 2: The implementation of the SuperTrend indicator I used can be found here
Trend Precognition - Mtrl_Scientist (arrow-only)Hey everybody,
Per request, I'm also adding the arrow-version to the updated base algorithm.
However, I advise everyone to also add the indicator version that I published previously.
Dynamic Zone Risk Manager [Algo Seeker]Introduction
The Algo Seeker: Dynamic Zone Risk Manager excels in both ranging and trending market conditions. It merges two critical trading components: a zone identification system that allows traders to anticipate price movement within structured ranges and a dynamic risk assessment table that optimizes position sizing based on account parameters and zone-specific characteristics, while also calculating trade-specific risk and reward.
For traders struggling with consistent risk management and identifying high-probability zones, particularly in challenging ranging market conditions, this tool provides a structured framework that enhances precision in trading decisions and capital allocation — addressing two of the most common challenges in trading.
🟠 Unique Features & Trading Benefits
Advanced Zone Structuring:
🟢 The indicator adapts to different trading styles through Scalp, Swing, and Investor modes. Scalp mode generates tight, precise zones optimized for intraday price movements and quick trades completed within minutes or hours. Swing mode creates intermediate zones calibrated for positions held for the entire day or a few weeks, providing optimal zone structures for medium-term trading approaches. Investor mode establishes broader zones designed specifically for positions spanning a few weeks to a few months, identifying major support and resistance levels for extended holding periods.
🟢 These zones are particularly useful during ranging markets. They define clear price ranges within which movement may oscillate based on the selected trading horizon. Such clarity helps traders anticipate potential bounce areas and manage trades more effectively, even when the market lacks a clear directional trend.
🟢 The system transforms static price levels into comprehensive trading zones with clearly defined boundaries. The multi-dimensional architecture creates actionable entry, exit, and management levels that remain relevant across different market conditions.
Unique Risk Management:
🟢 A dynamic risk table that calculates position sizing based on the trader's actual account size. When traders select Scalp, Swing, or Investor mode, the table automatically computes the optimal capital allocation specifically for that mode and the current zone.
🟢 The table provides exact dollar amounts for both risk and potential reward based on current price position within the zone. If price is already moving through a zone, the table dynamically updates to show how much of the potential reward remains available.
🟢 This precise risk management system gives traders a clear, quantified understanding of exactly how much capital to allocate per trade, the specific dollar amount at risk, and the remaining profit potential—all updating in real-time as price moves through the zones.
Dynamic Cost Basis Analysis:
🟢 Continuously calculates optimal midpoints within each zone, creating additional precision pivot points that traditional tools can lack. These dynamic reference points enhance trade accuracy in ranging markets while providing essential data points for the integrated risk management calculations.
🟠 The Power of Integration: Zones Meet Risk Management
The true power of the Algo Seeker: Dynamic Zone Risk Manager emerges when these components work together as a unified system. The trader-selected strategy zones and dynamic risk table create a complete trading ecosystem that addresses the three critical elements of successful trading:
1. Precision Entry Points: Zone boundaries provide clear entry thresholds optimized for your selected trading mode (Scalp, Swing, or Investor), eliminating guesswork around optimal trade initiation points.
2. Disciplined Risk Control: The risk table's exact dollar calculations remove emotional decision-making from position sizing and stop placement, creating a consistent risk approach regardless of market volatility.
3. Strategic Exit Management: As price moves through zones, both visual cues and quantified metrics guide intelligent profit-taking decisions, preventing the common mistake of exiting too early or holding too long.
This synchronized framework transforms theoretical analysis into practical execution, giving traders a complete toolset for managing the entire lifecycle of each trade with precision and confidence.
🟠 Additional Algo Benefits
Psychological Trading Edge:
The Algo Seeker: Dynamic Zone Risk Manager addresses the most challenging aspect of trading—emotional decision-making. By transforming complex risk/reward calculations into clear, quantified metrics, the system eliminates decision paralysis and reactionary trading. Traders gain immediate clarity during volatile conditions through the visual integration of precise zones and risk parameters. This psychological framework cultivates discipline and confidence when market noise typically triggers impulsive decisions, allowing for consistent execution even during challenging market environments.
Efficiency and Time Value:
The system delivers exceptional time efficiency by eliminating the need for manual risk calculations, zone identification, and position sizing. What typically requires multiple tools and extensive spreadsheet calculations is seamlessly integrated into a unified interface. Traders receive immediate, actionable insights without the cognitive burden of juggling separate indicators. This allows professionals to focus on strategic decisions rather than technical calculations.
Advanced User Customization:
Unlike one-size-fits-all indicators, the Algo Seeker: Dynamic Zone Risk Manager adapts to individual trading methodologies. The system accommodates personalized account parameters and allocates capital differently based on three distinct trading modes—scalping, swing trading, and investing. This flexibility allows professional traders to implement their unique strategy while maintaining precise risk control across different positions and time horizons. The customizable table positioning and color schemes further enhance workflow integration for diverse trading environments.
🟠 How to Use
Initial Setup
1. Lookback Parameter: The Lookback Period determines which candle data the Dynamic Zone Risk Manager uses to establish trading zones:
🟢Lookback = 1 (Default): Uses the most recent closed candle to calculate zones. This provides stable analysis based on completed price action and is recommended for most trading scenarios.
🟢Lookback = 0: Uses the current, still-forming candle. This offers more immediate responsiveness, but zones may change as the candle develops. For consistent zone analysis, Lookback = 1 typically offers a better foundation.
2. Configure Account Parameters: Input your total trading capital in the settings panel to customize risk calculations specific to your account size.
3. Select Trading Mode: Choose between Scalp, Swing, or Investor modes based on your preferred trade style:
🟢Scalp: For intraday movements (minutes to hours)
🟢Swing: For medium-term positions (days to weeks)
🟢 Investor: For longer-term positions (weeks to months)
4. Account Parameters Setup: The risk management component requires your account size to provide accurate position sizing calculations.
🟢Total Account Size: Enter your total trading capital in the "Total Account Size ($)" input. All risk calculations are based on this value.
🟢Trading Allocation Percentages: The system allows you to divide your capital across three trading modes.
1. Scalp Allocation (%): Percentage of capital reserved for short-term trades
2. Swing Allocation (%): Percentage of capital for medium-term positions
3. Invest Allocation (%): Percentage of capital for longer-term investments
These percentages can be customized to match your personal trading strategy and risk tolerance.
Margin Multiplier: Adjust the margin multiplier value based on your broker's requirements and your preferred leverage.
The system uses these parameters to calculate appropriate position sizes for each trading mode, ensuring your risk exposure remains aligned with your capital management plan.
5.Visual Customization: Adjust color schemes and table positions to optimize for your workspace layout and visual preferences.
🟠 Risk Table Explanation
The dynamic risk tables provide real-time position sizing and risk metrics as price moves through different zones:
1. Zone Column: Displays the current zone where price is located.
2. Zone Size: Shows the total price range of the current zone.
3. Trade Type: Indicates the trading style (Scalp, Swing, or Invest).
4. Shares: Displays the calculated position size (number of shares) based on your account parameters and the current zone.
5. Risk($): Shows the approximate dollar amount at risk if the trade moves against you within the zone.
6. Reward($): Displays the potential dollar return if price moves completely through the zone in your favor.
7. Left: Indicates how much potential movement remains within the current zone based on the latest price.
The table updates dynamically as price moves, giving you real-time risk/reward information. Each trading style is displayed separately, allowing you to compare potential position sizes across different trade modes while maintaining consistent risk management.
🟠 Strategic Execution
Strategy Usage Example
The Algo Seeker: Dynamic Zone Risk Manager provides a complete framework for precise trading decisions. Here's how you might leverage its power:
1. Zone-Based Trading: The indicator identifies key zones and levels that serve as powerful pivot points. These are not arbitrary levels but mathematically derived zones where price is likely to react. Use these zones directly for your trading decisions.
2. Precision Entries: For long positions, enter near the lower boundary of a zone with targets at the upper boundary. For shorts, enter near the upper boundary with targets at the lower boundary. These levels identify potential entry points based on the underlying market structure.
3. Risk Management: The zone, level, or cost basis below your entry (for longs) or above your entry (for shorts) can serve as logical places to set stop losses, helping you define your risk on each trade.
4. Position Sizing Precision: Use the exact share/contract quantities displayed in the risk table. This eliminates guesswork in position sizing and provides both risk and profit calculations that align perfectly with your capital management strategy.
5. Strategic Exits: Take profits at the target zone boundaries identified by the indicator. These levels represent mathematical points where price may encounter resistance or support, providing potential exit opportunities.
6. Advanced Strategy Options:
🟢Consider taking partial profits at cost basis (midpoint) levels
🟢Trade from zone to zone using the defined boundaries
🟢Scale in or out at specific zone transitions
🟢Set trailing stops at subsequent zone boundaries as price progresses
The strength of this indicator lies in its ability to provide all the critical decision points needed for a complete trade - from entry to exit, with precise position sizing - all derived from its sophisticated algorithmic analysis rather than subjective interpretation.
🟠 Alert Configuration
1. Zone Crossovers: Set alerts for when price transitions between key zones.
2. Cost Basis Interactions: Configure notifications for when price approaches optimal entry points.
The Algo Seeker Wizard Ultra Risk represents years of development and refinement in professional trading environments. Its integration of sophisticated zone identification with precise risk management creates a comprehensive framework that transforms theoretical market analysis into actionable trading decisions with quantified risk parameters.
tabbys star [Algo Seeker]Tabbys Star Mission:
Identifying key supply and demand areas for entries, identifying trends for holding positions, and locating potential re-entry or exit points is incredibly useful for traders and investors. This algorithm is designed to simplify these critical processes by providing actionable and intuitive tools directly on the chart.
🟢 Supply & Demand Zones (S&D)
The algorithm identifies key entry points by creating supply and demand blocks that automatically expand across the chart. These blocks remain active until invalidated, helping traders maintain awareness of significant price levels. When a new pivot point is identified, the algorithm generates a new supply or demand block that starts expanding from that pivot. This functionality enables traders to monitor evolving zones while referencing older ones, which might still act as weaker pivot points. These areas are incredibly unique and useful for traders, as they dynamically adapt to price action and provide clear visual cues for decision-making.
🟢 Continuation and Exit Signals
The algorithm also highlights areas for potential re-entries or exits. When the price moves beyond a supply or demand block, arrows are displayed to signal that this area may now be optimal for re-entering a trade or exiting a position.
Separating this logic from supply and demand zones offers significant flexibility for traders. For example, those who wish to hold positions initiated at an order block can confidently wait for these signals before taking profits. Similarly, traders who missed the initial opportunity at an order block can use these signals to evaluate new trade opportunities. This feature is incredibly useful for adapting to evolving market conditions.
🟩 Important Note
Arrow/triangle signals are not definitive indicators of upward or downward movement; they serve as calls to attention. These signals should be analyzed in conjunction with supply and demand zones.
For example, if a signal suggests bullish movement but the price falls below the current supply or demand zone, the signal was merely a call to attention. In such cases, it may indicate the need to set a stop loss or even consider a bearish trade below the zone.
Signals should be viewed as one of several factors to consider and should never be traded on in isolation.
🟢 Trendlines for Additional Confluence
In addition to supply and demand zones, the algorithm generates trendlines to help traders better visualize market trends. These trend lines are drawn from pivot points within the supply and demand blocks, providing an additional layer of confluence. For traders who rely on trendline breaks to make decisions, this feature enhances the overall analysis and adds value to the trading strategy.
🟢 Candle Color Coding
To further enhance clarity, the algorithm color-codes candles based on their position relative to the most recent order block:
Bullish: When the price is above the most recent order block.
Neutral: When the price is within the order block.
Bearish: When the price is below the order block.
This color-coding offers a unique and useful visual representation of the current market sentiment, allowing traders to assess price action at a glance.
Settings Overview
🟢Calculation Strength
This setting allows the user to choose how strict the algorithm should be when calculating data. The Standard option generates more entry and exit signals because the calculations are more lenient.. The Restrictive option uses stricter calculations, resulting in fewer signals for entries and exits.
🟢Use Current Bar:
If checked, the conditions will act on the current bar (real-time updates). If unchecked, the conditions will act after the bar closes. For a non-repainting indicator, leave this unchecked.
🟢Session Type:
Both:
Includes market and after-market hours.
RTH:
Regular trading hours only.
🟢Max Trend Lines:
"1": No trend lines will be shown.
"2" or higher: Displays trend lines based on pivot points.
🟢Bar Color:
Allows selection of candle colors based on the parameters discussed above.
🟢Signal Colors:
As described earlier.
🟢Alerts
For when a signal is created.
Conclusion
This tool is designed to hopefully assist investors and traders by:
Identifying key supply and demand areas for entries.
Highlighting trends for holding positions.
Pinpointing potential re-entry or exit points.
Market Structure AlgoThe "Market Structure Algo" (MS Algo) is a comprehensive tool developed by OmegaTools. This advanced indicator is designed to analyze the market's structure through a combination of pivot highs and lows, creating a nuanced understanding of potential market movements.
Core Functionality:
- Internal and External Market Structure (MS): The MS Algo differentiates between internal and external market structures by analyzing pivot points over different periods. This dual analysis allows for a deeper understanding of short-term and long-term market trends.
- Zone Distance and Visualization: The indicator introduces a novel approach to visualizing potential areas of interest or 'zones' around pivot points, adjustable through the 'Zone Distance' setting. This feature enhances the visual representation of zone created on the chart that can be used as a support and resistance area.
- Dynamic Signal Generation: Utilizing a comprehensive algorithm, the MS Algo identifies potential signals for entering and exiting trades based on the internal market structure. These signals are visually represented on the chart, aiding in decision-making. These signals are based on the acceptance and confirmed breakout or the refusal of the pivot points by the price.
Operational Mechanism:
- The MS Algo calculates pivot highs and lows over specified periods (input by the user) to determine the market's current structure. It then evaluates the market's position relative to these pivot points to assign a market structure score, which can range from bullish to bearish extremes.
- Signals for long and short positions, as well as exits, are generated based on the interaction between the close price and these pivot points.
- Additionally, the indicator plots zones around the moving average, adjusted for the ATR and the specified 'Zone Distance,' providing a visual guide to areas where the market might find support or resistance.
Usage Guidelines:
- To apply the MS Algo to your TradingView charts, adjust the 'Internal MS' and 'External MS' settings to align with your analysis preferences. The 'Zone Distance' input allows for customization of the zone visualization feature.
- The color-coded signals and zone fillings serve as guides to understanding the current market structure and potential areas of interest. These should be interpreted within the context of a broader trading strategy and risk management framework.
Understanding the Indicator's Originality:
The MS Algo stands out due to its unique blend of pivot analysis and zone visualization, providing traders with a detailed view of the market's structure that goes beyond traditional indicators. Its originality lies in the methodological integration of these components to offer a tool that enhances market analysis.
Responsible Use Disclaimer:
The financial markets are unpredictable, and the MS Algo is designed to serve as an analytical tool within a trader's arsenal, not a standalone solution for trading decisions. Traders should use this tool judiciously, alongside comprehensive market analysis and sound risk management practices. It's important to understand that the MS Algo does not guarantee trading success nor does it claim to predict specific price movements. Trading involves risks, including the potential loss of capital.
Heiken Ashi Algo v6The Heiken Ashi Algo Oscillator v6, introduces a refined approach to technical analysis applicable across various markets. Central to this algorithm is the integration of the Relative Strength Index #RSI, a staple indicator renowned for its effectiveness in measuring momentum.
The RSI - Tried and True:
By incorporating the #RSI, traders gain valuable insights into the speed and strength of price movements, aiding in the identification of potential #trend #reversals and #continuations.
Why Heiken Ashi Candles:
Additionally, the utilization of #Heiken Ashi candles within this algorithm offers a smoother representation of price action, reducing noise and enhancing clarity in trend analysis. This feature is particularly advantageous in volatile markets, where traditional candlestick patterns may produce false signals. By employing Heiken #Ashi candles, traders can more accurately identify underlying trends and make informed decisions based on reliable price data.
Combining RSI and Heiken Ashi:
The synergy between the RSI and Heiken Ashi candles in the Heiken Ashi Algo Oscillator v6 provides traders with a comprehensive perspective on both momentum and trend direction. This combination allows for a nuanced analysis of market dynamics, enabling traders to navigate various market conditions with greater confidence.
Heiken Ashi Candle Sizes:
The size of the Heiken Ashi candles serves as a visual indicator of the distance the RSI has moved between closing prices, offering additional insights into momentum shifts.
Not your average Heiken Ashi Candles:
Ive taken the time to do some serious custom coding for these particular Heiken Ashi Candles.
They do NOT color as the normal ones do. There is a setting in the inputs tab of the indicator that allows you to color them according to my secret code where its looking for Breaks of Structure on lower timeframes based on Heiken Ashi Candle calculations.
Turning on this feature gives you a more promising array of candle colors telling you about false or positive breakouts and trends.
Why choose this tool:
CoffeeShopCrypto's Heiken Ashi Algo Oscillator v6 offers a balanced and effective tool for traders across different markets. By leveraging the power of the RSI and Heiken Ashi candles, traders can enhance their decision-making process, identify trading opportunities with greater precision, and ultimately improve their overall trading performance.
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Inflow / Outflow (accumulation and distribution) Ribbon
In trading we know liquidity means volume and volume is orders. This ribbon shows you when orders are entering, exiting, filling or flat in the market.
The Liquidity Ribbon is a visual representation of whats happening with accumulation and distribution in the market.
It acts as a dynamic area of support and resistance for the RSI (momentum).
Once the RSI breaks above or below the full area of the ribbon, you have an overturned short term market.
Breaking this area isn't easy because of the one sided thick line known as the PoC line or Point of Control Line.
This line changes between a rising and falling color to tell you what side of the market has the most resistance or support.
Custom HA candles
The common way for HA candles to be colors is green for bullish and red for bearish.
These candles color differently according to market dynamics vs how the current candle closes.
This is helpful to keep you from taking longs or shorts when the momentum just doesn't have the move.
How it all works together: Taking entries and failed breakouts.
In the image below (left to right) you can see the following take place:
Short Entry:
HA Candles push down through the ribbon breaking below its low side (Support Ribbon Broken)
Following this the RSI RANGE is broken to the down side.
This is a good setup for a short breakout
Retrace to false breakout:
After this price retraces and so does momentum.
HA Candles attempt to but fail to break through the top of the ribbon and push back down . This is a false breakout.
Bullish Divergence to Long Entry:
The Heiken Ashi Algo forms a bullish divergence and HA candles push back up into the ribbon. Without a change in candle structure the RSI breaks the top of the ribbon where the control line sits as well as breaking through the top of the RANGE area and
This is a promising setup for a long trade.
Rally Base Rally: (into secondary long trade)
As price is rising, it retraces until HA candles are within the RANGE. No candle closes or has a low below the RSI midline.
HA Candles are forming a consolidation. After consolidation the RSI breaks out the top of the ribbon and the top of the RANGE allowing a secondary long entry.
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Im not gonna lie. Ive written a lot of tutorials but this one was probably the most exciting to describe.
If you have any questions please do ask below.
YinYang RSIYinYang RSI is a Momentum Oscillator. It is loosely based on the standard RSI but uses our Custom True Value Zone Algorithm. Essentially it is a stronger, more accurate RSI that isn't manipulated by consolidation. YinYang RSI moves slightly slower than the standard RSI but when it does move it is much more accurate.
Why do we deem YinYang RSI to be a more accurate RSI? Well, let's discuss some of the underlying logic behind it. YinYang RSI is derived from the High and Low data from multiple Security Requests, we send that data into a modified Donchian Channel to calculate its Basis. That basis is then taken and averaged between multiple different VWMA calculations to ‘Smooth’ it out before we send it into an RSI calculation and display the final results.
This may sound a little confusing and you may be wondering, why bother doing this? The main reason we created the YinYang RSI is to remove the fact that consolidation causes Regular RSI to go down in index value. In our opinion RSI shouldn’t go down due to consolidation. By removing consolidation from RSI it innately made the RSI more smooth and since it became more smooth there were less times it crossed the RSI Moving Average (MA). In turn, since it crosses the RSI MA less, it means when it does cross the RSI MA, it is a much stronger more accurate signal; but don’t just take our word for it! Let’s get into some examples to show you exactly how it works:
Our RSI is very smooth, because of the way we apply VWMA to it, it keeps it from being a jagged line like the regular RSI is:
Our Indicator features 3 RSI’s in it: YinYangRSI, Regular RSI and YinYang Stoch RSI. The reason there are 3 is not only for the Information Tables (we will talk about this later), but also for the fact that you can overlay them on top of each other.
Here is the same dates but with Regular RSI:
Hopefully you can see how different they are and how smooth ours is, but if not, lets overlay them so you get a better idea:
When the YinYang RSI and Regular RSI are overlaid on top of each other, the Regular RSI’s colors change for easier readability. The Regular RSI turns Pink and the Regular RSI MA turns Orange. As you can see here, they function much differently and it is quite clear that the YinYang RSI holds itself during consolidation and is more smooth.
You may be asking yourself, this is great and all, but how does it help me trade?
Well, now that you understand the difference between YinYang and Regular RSI let's discuss exactly that!
So as you can see in the image above, when the RSI crosses the RSI MA it represents a strong movement in price is likely about to occur. When the RSI is very low (20 or less) and it crosses ABOVE the RSI MA, this represents a BUY/LONG signal. When the RSI is very high (80 or above) and it crosses BELOW the RSI MA, this represents a SELL/SHORT signal.
There are times where it is a good time to buy or sell, but the RSI may not be in the right place. This is rare but it does happen. We marked a location that did exactly that with an Orange circle in the picture above. These things happen, however we don’t recommend you act on them. The main reason is that they are much more risky. Nothing will ever be 100% accurate, but the key is making decisions that are more in your favor than not. When the RSI and RSI MA cross and the RSI is near 50, it's much less accurate, however, not impossible for it to be a good signal.
Now you may be wondering, how come I see 2 SELL or 2 BUY signals before the RSI moves a lot? This is quite normal. Based on the picture above, all of the BUY and SELL signals are accurate, but not all of them have insane price movements. However, they all did feature SOME price movements. Just because a BUY or SELL (RSI and RSI MA crossing) happens, doesn’t mean the RSI is going to move all the way from 80 to 20, sometimes the price only moves a bit and then corrects back. This is completely normal.
The part that is up to you is knowing when to exit these trades. You can use the YinYang RSI to see entry locations for Long/Short, but it can be risky to assume that you can go from a BUY right to a SELL and vice versa.
Don’t fret, there is a reason we have our YinYang Stoch RSI within this indicator and its not just because we felt like it! When you overlay the YinYang RSI and YinYang Stoch RSI on top of each other, you can get a very good idea of when a signal may be over and likely it’s a good time to get out. However, first, just so you understand what our YinYang Stoch RSI does, let's take a quick look at it.
At first glance, the YinYang Stoch RSI can look pretty strange and even overwhelming, this is completely normal. It features drastic movements, but only when there is good reason to! When the blue line (K) crosses the orange line (D) it represents momentum in price. So when the blue line crosses above the orange line it means BUY and when the blue line crosses below the orange line it means SELL.
How it works with the YinYang RSI is simple, lets toggle the two of them on together in the settings:
It may look a little confusing at first, and we don’t necessarily recommend you do it for your entry as it can be a little too much and sometimes confusing, but it can be very helpful for understanding your exit and if the momentum has changed/died down. Here's an example based on our initial BUY/SELL image above:
So since we’re talking about the double SELL signal and how to know if its momentum is ending we’ve zoomed in on this example. Here we can see where the pink circle is, that the YinYang Stoch RSI has gained buy momentum and the sell momentum has likely ended here. This is canceled out however, by the fact that shortly after we see another SELL signal combined with the Stoch RSI crossing under and also showing SELL momentum. The blue Vertical lines are to show visually where the stoch crossed over/under as they can be a little hard to see visually. Also, based on this example, you can see where the orange circle is that was clearly a very good buy location and also has the stoch crossover in that location too. So even though the RSI isn’t very low, there is still a decent amount of bullish momentum in that location. Is this enough for you to make a purchase on? In our opinion, it’s still a little too risky, but maybe it fits your trading style, or maybe you decide its a good time to Dollar Cost Average / purchase just a small amount.
Now, you may be wondering, as we mentioned it early, what are those Information Tables that have been sitting on the right of every example?
These Information Tables are there to display very important Time Frame data for you. Not only can you see 6 Different Time Frames, which you can customize within your Settings. You also get to see the level of RSI and RSI MA for YinYang, Regular and YinYang Stoch RSI. Being able to see this data on multiple different Time Frames without having to change the Time Frame you are on can be very helpful, especially if you’re trading on a lower Time Frame like 15 minutes. The color of the box is based on if the RSI has crossed the MA or not. When the box is Green, the RSI is greater than the MA (Bullish). When the box is Red, the RSI is less than the MA (Bearish).
This concludes our Tutorial on how to use YinYang RSI, below you will see all of our current Settings, what they all mean and how you can customize them.
Settings:
1. Show Signals:
Signals are when the RSI crosses the RSI MA (for any RSI TYPE active). When these crosses happen, it will make a plot on the chart that represents Buy and Sell Signals. These signals have alerts that correspond with them, but you will manually need to set up these alerts yourself through the indicator. Please refer to TradingView for how to set up alerts.
2. RSI Type:
We have 3 types of RSI’s within this Indicator:
YinYang RSI
Regular RSI
YinYang Stoch RSI
These RSI’s can be used individually or overlaid on top of each other for easier comparison. It can be useful to go back and forth between indicators or have them overlaid to get a better understanding of what's going on.
2.1. YinYang RSI:
Our YinYang RSI is our custom RSI that is based on our True Value Zone Algorithm. It is the main purpose of this Indicator but can be used in conjunction with Regular RSI and YinYang Stoch RSI. YinYang RSI is a much more smooth, slow moving form of RSI that doesn’t go down from consolidation and therefore makes the RSI and RSI MA crosses much more accurate.
2.2. Regular RSI:
This is a regular RSI that is within our indicator so you can make comparisons and also overlay on top of our YinYang RSI and/or YinYang Stoch.
2.3. YinYang Stoch RSI:
This is a Stoch RSI that is calculated with our YinYang RSI’s values to create a very unique Stoch RSI. Our YinYang Stoch RSI moves very drastically and quickly when there is true momentum swings but it never really hovers in the middle. It makes its way from 0-100 and 100-0 within 2-3 candles usually and if it makes it all the way, you know there is momentum backing this price movement.
3. Information Tables:
3.1. Show Information Tables:
Our Information tables display 6 different Time Frame resolutions to give you the data of YinYang RSI/MA, Regular RSI/MA and Stoch RSI/MA over multiple different Time Frames so you don’t constantly have to keep changing yours and can focus on the trade at hand.
You can choose to display:
‘All’,
‘None’,
‘YinYang RSI’,
‘Regular RSI’,
‘YinYang Stoch RSI’
and/or any combination of the three so you can see all the data you want to your liking.
3.2. Display Tables Direction:
Since there are 6 different Time Frames shown, and you have the ability to display all 3 RSI and MA values, this table can get pretty big. If you have a large monitor and not too many indicators active it's no big deal and a vertical display is likely what you’ll want. However, if you have a smaller monitor or many Indicators active, it will scrunch this Indicator and make it difficult to see all of your Time Frames in the tables. For this reason, we have the option to display them ‘Horizontally’.
3.3. Res1 / Res2/ Res3 / Res4 / Res5 / Res6:
These represent the different resolutions (Time Frames) being used in your information tables and can be modified to display whatever resolution works best for your trading style. By default they are:
Res1: Current Timeframe
Res2: 15 Minute
Res3: 1 Hour
Res4: 4 Hour
Res5: 1 Day
Res6: 1 Week
Backup Res (not changeable): 5 Minute (this is only used if your Current Timeframe in Res1 is a duplicate of one of the other resolutions)
Alerts are available and customizable within the Indicator. You can set up an alert for any of the RSI crossing Signals.
If you have any Questions or Concerns, don’t hesitate to contact us.
HAPPY TRADING!
Profitable Parabolic SARIntroduction
As you know, Parabolic Stop and Reverse (SAR, PSAR) was originally developed by J. Welles Wilder and was described in his book "New Concepts in Technical Trading Systems" (1978). It derives its name from the fact that when charted, the pattern formed by the points resembles a parabola.
Mr. Wilder described it as "one of my favorite systems because it squeezes more profit out of an intermediate move than any method I know" .
Interpretation
PSAR follows price and can be considered a trend following indicator. Once a downtrend reverses and starts up, PSAR follows prices like a trailing stop. Same is true for the opposite direction.
Due to its nature, PSAR continuosly protects on long and short positions.
Parameters
One of the key components of PSAR is the Acceleration Factor (AF). The AF is one of a progression of numbers beginning at 0.02 and ending at 0.2 . The AF is increased by the increment of 0.02 each time that a new high is made until a value of 0.2 is reached.
Mr. Wilder used the next parameters
Start: 0.02
Increment: 0.02
Maximum: 0.2
and they are default for the built-in PSAR indicator and its strategy.
But are these params really profitable? Mr. Wilder noticed that "I have tried many different acceleration factors on this system and have found that a consistent increase of 0.02 works best overall...the range for the incremental increase is between 0.018 and 0.021 " .
That was then, in 1978. Other times have come. Is our grandpa still right in his recommendations?
I made this tool to figure it out.
What is this tool?
This tool is a performance scanner that uses a decision tree-based algorithm under the hood to find the most profitable settings for PSAR. It analyzes a bunch of different Start (between 0.001 to 0.02 ) and Increment (between 0.001 to 0.03 ) parameters and backtests each combination across the entire history of an instrument. If the more profitable parameters were found, the indicator will switch its values to the found ones immediately.
Instead of manually selecting parameters, just relax - the algorithm will do it for you.
It doesn't touch the last parameter, Maximum , for two reasons.
First, as Mr. Wilder noticed in his book, "...the number of increases it takes to reach at least 0.2 , but do not exceed 0.22 " . That is, the parameter sits in a very narrow range.
Second, I tested different maximums and I came to the conclusion that this parameter has a minimal impact on net profit, compared with the more significant parameters of start and increment.
Alerts
It has an alert that notifies when the more profitable settings were detected.
NOTE : It does not change what has already been plotted.
Good luck!
Trend Precognition - Mtrl_ScientistHi everyone,
This is an updated version of my base algorithm "BTC Precognition". I've managed to remove some lag, while at the same time smoothing the curve (blue).
All you need to know about it is on the chart's legend. The arrows just correspond to the bottoms/tops of the blue signal curve (marked with green/red circles). However, predicting turning points is difficult and I'm still working on that. So for now, the signals are offset by 1 candle into the past. This means that all of your trades will be 1 candle late, unless you trade intrabar using your own intuition. As a help, I've also included the first derivative (black curve) that will tell you the slope of the blue curve. Remember, when the curve is about to turn, the slope becomes zero. However, you can anticipate this by looking at the slope's direction and guessing when it will cross the zero line.
This is still all work in progress, so invite-only.
Pivot Points [SMRT Algo]Pivot Points is a free, innovative indicator designed to automatically detect and highlight key turning points on your TradingView charts through advanced candlestick pattern analysis. This indicator is perfect for traders seeking clear visual signals for potential trend reversals.
How It Works:
Candlestick Pattern Analysis: The indicator continuously scans for specific candlestick formations. It identifies a potential high pivot when a bullish candle (where the close is higher than the open) is immediately followed by a bearish candle (where the close is lower than the open). Conversely, a potential low pivot is detected when a bearish candle is followed by a bullish candle.
Boxing the Price Range: Once a potential pivot is identified, the algorithm draws a box around the corresponding price range. This box captures the area where the price action is concentrated, serving as a zone of interest for the pivot.
Confirmation of Major Pivots: The initial detection marks what we call a "minor pivot" with a temporary yellow box. The indicator then waits for subsequent price action. If the price fails to break out of this box—meaning it remains confined within the defined boundaries—the pivot is confirmed as a major pivot. At this stage, the yellow box changes color to green (or red, depending on whether it’s a high or low pivot), clearly marking the confirmed turning point.
Pivot Sequence: The progression follows a clear sequence: Minor Pivot ➔ Yellow Box ➔ Major Pivot. This step-by-step visual guide helps traders quickly interpret the strength and significance of the pivot.
Inputs:
Show Labels: An input option allows you to toggle pivot labels on or off, so you can choose whether to display descriptive labels directly on your chart.
Adjustable Colors: The colors of the pivot points—including the green and red boxes—are fully customizable via the input settings. This ensures that you can tailor the visual appearance of the indicator to match your personal charting style or trading strategy.
Enhancing Entry and Exit Strategies
Entry Points: Look to enter a trade when the indicator confirms a pivot (after the box changes color). A confirmed pivot could indicate that a reversal is underway, giving you a potential entry signal.
Exit Points & Stop Losses: Use the boundaries of the pivot box to set stop losses. For example, if you’re in a long trade and the price approaches a confirmed resistance pivot, consider this a signal to tighten stops or exit, as the trend may reverse.
Confluence with Other Indicators: Combine the pivot point signals with other tools like RSI, MACD, or volume indicators. If multiple signals point to a reversal at the same pivot, it strengthens your confidence in the trade decision.
Trading Strategy Applications
Reversal Trading: Use confirmed pivot points as indicators for potential reversals. Enter trades when the price action validates the pivot point, anticipating that the market is turning.
Range Trading: When the price oscillates within a defined pivot box, you can use the top and bottom of the box as potential boundaries for a range-trading strategy.
Breakout Trading: Conversely, if the price breaks out of a pivot box, this may signal the start of a new trend. You can use this breakout as a trigger for entering a position in the direction of the breakout.
The indicator highlights potential reversal zones with clearly marked boxes and labels, making it easier to spot key turning points and manage trades effectively.
Pivot Points removes the guesswork by automatically scanning for and confirming pivot points based on rigorous candlestick analysis.
Whether you're a day trader or a swing trader, Pivot Points provides actionable insights into market dynamics, helping you to better time entries and exits.
