Candle Combo ScreenerThe Candle Combo Screener allows you to see candlestick combinations for up to 5 different tickers at the same time . If one of the candle combination is detected the corresponding cell will be highlighted to alert you.
Candle Combinations Detected
Bullish Kicker
Bullish & Bearish Oops Reversals
Open Equals High / Low
Inside Day
Select any 5 tickers. Colors and table settings are fully customizable to fit your style.
Bullish Kicker
The opening price of the current candle gaps up above the body of the prior day's candle AND the prior day's candle close was less than the open.
Oops Reversals
Bullish: Price opens below the prior day’s low and closes above.
Bearish: Price opens above the prior day's high and closes below.
Open Equals High / Low
The current candles opening price is equal to either the high or low of the day.
Inside Day
The current candles high and low are contained within the prior day's high and low.
Cerca negli script per "bear"
Algohub (Nephew_Sam_)(republished as previous version did not meet Tradingview house rules)
This indicator marks out majority Algohub concepts - which will help your system become fully mechanical if it isn't already.
Here are all of the concepts and features included in the indicator:
Timeframe
- You can select the timeframe of the indicator (has to be higher or equal to the chart timeframe)
- Min option is the minimum timeframe to show the indicator. If you show daily structure on 1m chart, you can run into a timeout error so keep it close to the chart timeframe.
Structure
The structure is calculated using a combination of candle patterns (ie. pivot top = Bullish x3-Bearish-Bullish) and pivot points (from strength 1 to 3) and marks out circle labels after a new HH or LL
ILQ - Inducement Liquidity concept
In a bearish example this is the most recent structure high.
TLQ
In a bearish example this is the second most recent structure high.
This is also what helps define our structure direction. If broken, the structure changes (bullish / bearish) and plots a bos line.
EPA - Efficient price action
When price returns back to previous structure point after bos. Similar to an ICT breaker.
Note: It might be a little, just a little buggy if you have set your indicator timeframe to higher than the chart timeframe.
Extremes Zones
The final zone to find a trade entry before a structural shift. These are wick of the TLQ candle. This is select the wick of the current timeframe candle even if indicator is set to higher timeframe.
MSU
Tiny arrow labels at the bottom of your chart. Plots the arrows when price is between an ILQ and TLQ
VTA
Valid trading range. This is when we get some sort of a structure pattern. Plots a box when price induces previous structure point and then breaks structure in the opposite direction. Here are the patterns:
Bull VTA - HH-LL-HH
Bear VTA - LL-HH-LL
Bull Strict VTA - LL-HH-LL-HH
Bear Strict VTA - HH-LL-HH-LL
Bar colors
Changes the bar color based on the structure to all green/red.
Note: for this to work, you will have to right click on the indicator, then under visual order select 'bring to front'
Table
This table plots the structure stats/data
1. If structure is bullish / bearish
2. If price is efficient or not
3. If there is an MSU
4. If price is inside a VTA
Diddly - Real Volume TrendDiddly Real Volume Trend is an indicator to help traders identify the real trending direction of an asset, it achieves this by using liquidity to assess the overall buying and selling volume sentiment of a market place.
What is Liquidity
Liquidity refers to the ability of an asset to be turned into cash. Cash is the more liquid form of any asset, whereas selling a house would take a little longer to liquidate and convert to cash. Liquidity in financial markets is in essence based on the same principle and refers to how easily an asset can be bought and sold.
Liquidity in simple terms is the volume of participants who are willing to be involved in the market at any given time. Markets are based on auction theory, the more participants who want to buy at a certain price than sell, will dictate that the price goes up. As a result it is important to understand the role that volume has in financial markets, as volume will directly correlate to liquidity and supply and demand.
What does it mean?
Although markets are based on auction theory, sadly we don't have the advantage of a traditional auction, where we are all sitting in a room putting our hands in the air when we are interested in paying x price for a particular item. In this environment it is very clear to see how popular the item for sale is and whether it is possible to pick up a bargain.
Being able to identify the prevailing direction of buying versus selling volume on a chart provides an insight into market sentiment. Also we have to consider that typically most retail traders participate in very liquid markets, where you can get in and out of a position with relative ease.
There are obviously exceptions, extremely low float stocks, but on the whole with liquid assets it takes some big orders to move price, especially with currencies and high float stocks. Understanding these principles helps us as retail traders identify where the big money is seeing a bargain, if buying or overpriced if selling.
However you identify liquidity, I hope you agree that it is an extremely important element to be considering before taking a trade. The last thing any trader wants to be doing if they can avoid it, is getting on the wrong side of the market.
Just as a side note, high and low "Float Stocks" refers to the number of shares in general circulation for buying and selling.
What is "Diddly Real Volume Trend"
This volume trend indicator in simple terms will display the combined accumulated bullish and bearish volume within a window below the main chart. What you will see is a line chart that will be doing one of three things. Either it could be stair stepping in an upwards direction, identifying that we are in a bullish trend or stepping down in a bearish trend. Alternatively it could just be going sideways, which would suggest a ranging market.
This enables traders to make an assessment of the market sentiment using the liquidity direction that it has identified. This can help form an overall daily bias for intra-day traders or help confirm a longer term trend for swing traders.
Although this indicator is not a true oscillator (where the limits of number are fixed between a known upper and lower limit) , it can still be extremely useful in identifying divergence in price and the volume sentiment. As well as assisting in the process of identifying and confirming peak formations and potential reversal points in a market.
How does it Work
The indicator is plotting the volume trend line based on the output of a set of volume calculations, which is confirmed on the close of each candle. The resultant output is either a positive (Bullish sentiment) or negative (Bearish Sentiment), which are all totalled up to show the next point on the graph. As a result the visual effect seen from this process is that the more bullish calculated volume identified than bearish, you will see a rising trend line and the reverse for a bearish market.
The algo calculation which is used on each candle and its related volume is using the following elements.
Volume
Rate of Change
Relative Strength
The indicator is not just looking at the volume total and saying this is a green candle and must provide a positive number. It is looking for the volume and liquidity extremes and filtering out the nothingness of a market that makes no difference to price either way. It is from using these extremes that the indicator is able to plot the activities and direction of the big money in the market.
What is the Indicator Showing me?
Examples:
Here on a stock VKTX, on a 1 minute chart the elements that make up the indicator are annotated on the chart.
There are 6 components highlighted in the above chart, these have been listed below.
Volume Trend Line
This is the indicator driving line and is the result of the calculations described in the previous section.
Fast Moving Average
This is the fast moving average of the "Volume Trend Line". The moving average type and length can be changed in the settings.
(Default = Exponential Moving Average, Length: 60)
Slow Moving Average
This is a slower moving average of the "Volume Trend Line". The moving average type and length can be changed in the settings.
(Default = Hull Moving Average, Length: 3500)
Long Term Moving Average
This is a long term moving average of the "Volume Trend Line". The moving average type and length can be changed in the settings.
(Default = Exponential Moving Average, Length: 400)
Bullish Confirmation
On the "Volume Trend Line", you will see coloured circles dotted along the line, the green circles signifying Bullish Confirmation.
Bearish Confirmation
On the "Volume Trend Line", you will see coloured circles dotted along the line, the red circles signifying Bearish Confirmation.
The Bullish and Bearish confirmation signals are not signals to take trades, they are there to highlight the predominant direction. Seeing one confirmation signal in isolation is not that helpful, but continued prints of confirmation in a single direction would be interesting.
There are a further two signal types that are displayed on the volume trend line, these should be seen infrequently across charts and represent potential extremes of price movement in a single direction. These signals act as a warning that price could stall in this area or potentially make a reversal. As with the other signals within this indicator they are not signals to buy or sell, they are there to provide warning alerts and should be considered with other pieces of information that you are working with.
Bullish Extreme
Plotted on the "Volume Trend Line", you will occasionally see a green coloured downwardly pointing triangle, this represents a Bullish Extreme.
GBPAUD Hourly chart October 2022
Bearish Extreme
Plotted on the "Volume Trend Line", you will occasionally see a red coloured upward pointing triangle, this represents a Bearish Extreme.
GBPAUD Daily chart (February - April) 2023
How Does It Help?
This indicator will compliment any existing strategy and is not intended to be used standalone.
It can be used on any chart from a monthly, one minute to one second, depending on your trading strategy. Using multiple time frame analysis can help traders with a number of decisions that need to be considered before taking entries.
What is my market direction bias?
This can be taken from an hourly for intraday trader or daily for swing traders. What that time frame is depends on your trading plan and objectives from the trades you take.
When do I take my trades?
Again depending on the trading strategy used will dictate many aspect of this decision, although using the volume trend on a lower time frame, can help confirm breakouts, reversals and divergence.
How should I manage my trade?
With any trade you should have a defined risk reward clearly defined, with stops and targets in mind before taking an entry.
The age old saying of "cut your losses quickly and let your winner run", is easier said than mastered. Once in a trade the volume trend can be really helpful to identify trades that could be real runners and allows you to change expectations after entering the trade. Maybe you want to take some profit at the original point and let the remaining run. Maybe there is such strength you want to add to the position. Being able to assess market sentiment once in a trade can help with optimising returns.
The "Volume Trend Line", which is the driving element of this indicator, will be doing one of three things. Either it could be stair stepping in an upwards direction, identifying that we are in a bullish trend, stepping down in a bearish trend or going sideways in a ranging market.
Bullish Volume Trending Market
Here is stock VKTX, on a 1 minute chart. Trend confirmation on price action is determined by Higher Highs and Higher Lows for an uptrend or Lower Lows and Lower Highs on a downtrend. The same principle applies for the volume trend line.
In this example we first see breakout volume on the indicator with the Bullish Break volume, following that the volume trend keeps making higher highs and higher lows, confirming that this asset has short-term upwards potential. (why short-term? this is the 1 minute chart, you would want to consult the daily or hourly for a longer term perspective).
Price also is making higher highs and higher lows, which is in alignment with the indicator and known as "convergence" and is a positive signal for a continued trend.
Bearish Market
So here on Tesla (TSLA) on the 4 hour chart we can see the big sell off that started in April 2022. Where it clearly shows a downward trend, with lots of confirmation for continuation.
Ranging Markets
On this example on the AUDJPY 1 Hour chart, we can see that price is in a ranging market. By drawing trend lines on price and the indicator, it is clear to see that price and the volume trend line are both showing a ranging market. What is more interesting is the structure of the ranges.
The price range at the top of the chart is in an upward direction, whereas the volume trend in the bottom window is showing a downward range. Giving us an early indication of what to expect from this asset.
Diverging Markets
"Divergence" is a very powerful mechanism for identifying potential reversal points in price actions. There is a wealth of published information on this topic which is well worth reviewing, if this is a new principle to you.
Here again on the same AUDJPY 1 Hour chart example, points of interest have been annotated on the chart where the historical range turns into a step down to the next level within the market cycle, as predicted by the divergence in range patterns, price point up and volume pointing down.
In the above example, after identifying the divergence the next most important element is an extremely fast accelerated move down which breaks the lower level of the range, this can be seen on the right side of the bottom window and is labelled "Bearish Breaking Volume".
What is interesting here is that the volume indicator has identified the range breakout when price was still above the lower level of the range. Following that break out volume signal, if we zoom out to a 4 hour chart to see what happened next.
The range breakout was confirmed and price and the volume trend continues to show a downward direction in the market. As for entries and stops that is not the intention of this indicator and will be down to other elements in your trading strategy or in our case other indicators.
Peak Formations
Peak formation refers to the point where an asset is over extended in one direction and there is a potential of change in direction, with a wider pullback or a reversal in the higher time frame trend. These formations are often seen with double bottoms (W patterns) or double tops (M patterns) . Unfortunately these patterns appear all over the chart and trading them in isolation will be challenging.
In this example of EURJPY on the 1 hour chart, we see price and the indicator in the bottom window for the first 3 weeks in March 2022. The pair is trending down which is confirmed by both price and the indicator. There are no signals points plotted on the volume trend line, until one appears on March 4th 2022.
Another one appeared on the next trading day of Monday the 7th and we now have these two signals relatively close to each other. This is interesting information, especially considering that there was no extreme signals for the previous couple of months.
Later that day the volume trend broke the previous volume level, after a W pattern was completed and a green bullish confirmation signal was printed. The following day another bullish confirmation signal is displayed to further confirm that we had made a peak formation reversal.
Please note that using the settings style tab, has enabled the change to the bearish extremes signal, changing the colour and shape to be an orange circle. Which for the purposes of this illustration is easier to see.
Another example of the same pair in August 2022, with a very similar confirmation sequence.
Stock Examples
Here on UBER on a 1 hour chart , is an example of how the indicator can be used in confluence with other trading strategies. If a trader was trading candle patterns, they may see this classic 1 hour bull flag pattern forming.
Without the volume trend analysis this looks like a good buy setup. Adding this analysis to the chart we clearly have a different view point.
Here is what subsequently happened to price and this is in a generally bullish market March 2023.
Scalping Entries
For those traders who work with super fast time frames like the 5 second or even on a 1 second charts, the volume indicator can be used to help time entries as a part of a wider trading strategy of trading a pullback or trading support and resistance levels.
Styling options in the indicator settings enabled this different view of the indicator output, which can be extremely useful for timing entries.
Here on this hot IPO stock, LUNR from February 16th 2023, we have an extremely strong move up from $13.80 to $18.00. One aspect of this move up, is that it is doing this on extremely light volume and the predominant market sentiment on the surface seems very bearish.
This would be a clear indication not to trade this stock at this moment in time, as a trader there would be lots of emotions of FOMO (fear of missing out) , seeing a stock making that kind off move on a new IPO - there is the sense that this stock will go to the moon and your not going to be involved.
As traders we have to consider the risk : reward potential. This stock could drop to $10.00 if someone put in a 50 k market sell order, as it is clear there are not the buyers to support that kind of liquidation.
The following charts are in the 5 second time frame, until otherwise stated
So we need to wait for some confirmation of buying liquidity before we can make any plans for taking an entry, which we get in the form of a couple of strong bullish candles on the chart below. Interestingly the price breaks the previous all time high for this stock, although the volume trend at this stage does not seem strong enough to consider an entry.
At this point we should be on the lookout for further buying liquidity, ideally to break the previous high volume line, which appears in the next chart. This would be the time to take an entry based on other aspects of a trading plan.
Having now taken an entry, we can use the indicator to understand the strength of the buying liquidity and identify areas where we should be looking to take profit or close out the trade. Looking at the volume trend profile shown in the chart below, there is no reason not to hold this stock for a wider move up.
In the next chart we see the first signs of some selling pressure, as the indicator shows signs of red. This would be the area to take some profit and look at a higher time frame perspective, to get the sense of whether to hold the remaining position.
Here on the 5 minute time frame the volume trend is still looking very strong to hold the remaining position. As it turned out it was a good place to take profit as it was just under the high of the day.
Knowing when an asset is going to reverse is not easy and this stock was way too over extended and a top had to finally come. This one minute view of the indicator, shows the point where you would see that the upward liquidity was over and you were now on the backside of the move, with no reason to trade further.
Here on a 15 minute chart you can see the full extent of the move and its reversal back to the original price. It provides a clear illustration that chasing trades through FOMO or holding and hoping is not a profitable approach. Being able to time your entries and exits, where you can clearly manage risk is one of the most important elements to any traders strategy.
This is an extreme example and not something you see every day in any market. It has been included within this narrative with the hope that it clearly illustrates the risk involved in trading and being able to mitigate them, has to be at the forefront of your mind.
Key Settings
Within the indicator settings there are a number of options that are available to users. All aspects of what you can see can either be changed or turned on or off in the "Style" tab as well as changing the colours and their transparency.
The available settings on the "Inputs" tab are for fine tuning the indicator to your style of trading. This fine tuning can be applied to the moving averages that can be displayed and follow the volume trend line as well as the volume filtering process.
The most important ones that are in need of explanation are outline below:
General Settings
"What type of asset is the Algo looking at" : Available Options = "Small Caps", "Large Caps", "Futures", "Currencies" (Default Setting = Currencies)
The indicator will make an assessment of the best settings to use as defaults for the volume filtering, confirmation and extremes signals. The defaults can be changed in the following sections using the override.
"Turn on Turbo Mode" : True or False (Default Settings = True)
This setting will give the indicator volume filtering processes a boost
Signal Settings
Based on the "Asset Type" from the general settings, the indicator will make an assessment of the best settings to use by default. These can be changed by using the settings below.
"Override Default Assessment Thresholds" = True / False
"Percentage Difference to Signify Trend Confirmation" = A percentage value that will tell the indicator how to identify the volume trend line swing points used to identify bullish or bearish confirmation signals. Values from 0.1 to 10 would make the most sense. A too high setting and you will not see any confirmation points plotted. Too low and you may see too many to be useful.
"Percentage Difference to Signify Extremes" = A percentage value that will tell the indicator how to identify the volume trend line swing points used to identify bullish or bearish confirmation signals. Values from 20 to 200 would make the most sense. A low a setting and you will see too many extreme points plotted.
Filter Settings
"Turn On Volume Assessment Filters" = True / False : The volume assessment filters are used to focus the "volume trend line" on higher volume extremes.
Based on the "Asset Type" from the general settings, the indicator will make an assessment of the best settings to use by default. These can be changed by using the settings below.
"Override Default Assessment Filters" = True / False
"Filter Volume using Setting" = The number used in this setting represents a value from 0 to 100. Zero will filter out no volume, whereas 100 would filter it all out. The default setting is 1, as there is a danger of setting this number too high and all you will see in the line chart is big steps up and down, with a plateaus in the middle. Which may be useful, although it would not be so helpful in divergence or volume line breaks.
Fast Moving Average
This is the fast moving average of the "Volume Trend Line".
"Moving Average Type" = The type of moving average calculation to be applied.
Default = "EMA"
Available Options: "SMA","EMA" ,"HMA" ,"SMMA (RMA)" ,"WMA" ,"VWMA"
Moving Average Key
SMA : Simple Moving Average
EMA : Exponential Moving Average
HMA : Hull Moving Average
SMMA (RMA) : Exponentially Weighted Moving Average (alpha = 1 / length.)
WMA : Weighted Moving Average
VWMA : Volume Weighted Moving Average
"Moving Average Length" = The number of candles back into the chart used to calculate the Moving Average. (The higher the number, the slower the moving average becomes)
Default Length = 60
"Apply Double Smoothing" = True or False : This is an option to turn on if an extra smoothing effect to the moving average if required.
Slow Moving Average
This is the slow moving average of the "Volume Trend Line".
"Moving Average Type" = The type of moving average calculation to be applied.
Default = "HMA"
Available Options: "SMA","EMA" ,"HMA" ,"SMMA (RMA)" ,"WMA" ,"VWMA"
(See moving average key)
"Moving Average Length" = The number of candles back into the chart used to calculate the Moving Average. (The higher the number, the slower the moving average becomes)
Default Length = 3500
(By default we have a higher number for the slow length compared to the long term length in the next setting. This is because using the Hull Moving Average, is an accelerated moving average that needs higher values to slow it down. If you were to change this to say an EMA, then you would need to change the length to something like 200, to put this slower moving average in context with the others).
Long Term Moving Average
This is a long term moving average of the "Volume Trend Line".
"Moving Average Type" = The type of moving average calculation to be applied.
Default = "EMA"
Available Options: "SMA","EMA" ,"HMA" ,"SMMA (RMA)" ,"WMA" ,"VWMA"
(See moving average key)
"Moving Average Length" = The number of candles back into the chart used to calculate the Moving Average. (The higher the number, the slower the moving average becomes)
Default Length = 400
"Apply Double Smoothing" = True or False : This is an option to turn on if an extra smoothing effect to the moving average if required.
Finally
We greatly appreciate the support and feedback from the Trading View community, and we are dedicated to continuing to improve our indicators with your support.
We want to help you manage risk, and that's why we emphasise that trading is risky and any technology used to support our trading decisions is based on information from the past. We encourage traders to take responsibility for their trading businesses and always prioritise risk management.
Impulse Momentum MACD - Slow and FastImpulse Momentum MACD - Slow and Fast
The Momentum indicator is a technical indicator that measures the speed and strength of the price movement of a financial asset. This indicator is used to identify the underlying strength of a trend and predict potential changes in price direction, when the indicator crosses the zero line, it can signal a change of direction in the price trend.
On the other hand, the MACD is an indicator used to identify the trend and strength of the market and shows the difference between two exponential moving averages ( EMA ) of different periods. The MACD is commonly used to determine the direction of an asset's price trend.
COPOSITION AND USE OF THE INDICATOR
This script is an implementation of the Impulse Momentum MACD indicator with two variations: slow and fast. It uses a combination of the Momentum indicator and the Moving Average Convergence/Divergence (MACD) indicator to identify trend reversals and momentum changes in an asset's price.
The combination of both indicators can help traders identify market entry and exit opportunities. The Impulse Momentum MACD is a Modified MACD, it is formed by filtering the values in a range of Modifiable Moving Averages by calculating their high and low ranges,This indicator has two parts: a slow part and a fast part. The slow part uses input values for the lengths of the moving averages and the length of the signal for the MACD indicator. The fast part uses different input values for the lengths of the moving averages. Also, each part has its own set of line colors and histogram colors for easy visualization.
The script also includes inputs to choose the type of moving average to use (SMA, EMA, etc.), the lookback period, the colors for the histogram lines and bars, and a zero trend line (also known as a horizontal trend line). ).
* Highest performing custom settings for the zero trend line. For Operations of:
- One Minute: Trend Line Time Frame = Five Minutes.
- Three Minutes: Trend Line Time Frame = Fifteen Minutes.
- Five Minutes: Trend Line Time Frame = Thirty Minutes.
- Fifteen Minutes: Trend Line Time Frame = Sixty Minutes.
Rules For Trading
🔹 Bullish:
* The Zero Horizontal Trend Line should be in Green Color.
* The Slow Histogram Bar should be in Green Color.
* The Fast Histogram Bar must be in Blue or Black Color or No Bar Appears.
* The Momentum Line or Momentum Area must be in Green Color.
crosses:
- When the Impulse Momentum MACD Slow line crosses the Impulse Momentum MACD Slow signal line upwards.
- When the Impulse Momentum MACD Fast line crosses the Impulse Momentum MACD Fast signal line upwards.
- Note 1: A Position is Opened when the condition of any of the aforementioned crossovers is met.
- Note 2: If the two aforementioned crossings anticipate the condition of the Zero Horizontal Tendency Line because it is in Red; A position is only opened immediately when the Zero Horizontal Trend line turns Green.
🔹 Bearish:
* The Zero Horizontal Trend Line should be in Red Color.
* The Slow Histogram Bar should be in Red Color.
* The Fast Histogram Bar must be in Blue or Black Color or No Bar Appears.
* The Momentum Line or Momentum Area must be in Red Color.
crosses:
- When the Impulse Momentum MACD Slow line crosses the Impulse Momentum MACD Slow signal line downwards.
- When the Impulse Momentum MACD Fast line crosses the Impulse Momentum MACD Fast signal line downwards.
- Note 1: A Position is Opened when the condition of any of the aforementioned crossovers is met.
- Note 2: If the two aforementioned crossings anticipate the condition of the Zero Horizontal Tendency Line because it is Green, an immediate position is only opened when the Zero Horizontal Tendency line turns Red.
This script can be used in different markets such as forex, indices and cryptocurrencies for analysis and trading. However, it is important to note that no trading strategy is guaranteed to be profitable, and traders should always conduct their own research and risk management.
Hikkake Hunter 2.0This script serves as a successor to a previous script I wrote for identifying Hikkakes nearly two years ago.
The old version has been preserved here:
█ OVERVIEW
This script is a rework of an old script that identified the Hikkake candlestick pattern. While this pattern is not usually considered a part of the standard candlestick patterns set, I found a lot of value when finding a solution to identifying it. A Hikkake pattern is a 3-candle pattern where a middle candle is nested in between the range of the prior candle, and a candle that follows has a higher high and a higher low (bearish setup) or a lower high and a lower low (bullish setup). What makes this pattern unique is the "confirmation" status of the pattern; within 3 candles of this pattern's appearance, there must be a candle that closes above the high (bullish setup) or below the low (bearish setup) of the second candle. Additional flexibility has been added which allows the user to specify the number of candles (up to 5) that the pattern may have to confirm after its appearance.
█ CONCEPTS
This script will cover concepts mainly focusing on candlestick analysis, price analysis (with higher timeframes), and statistical analysis. I believe there is also educational value presented with the use of user-defined-types (UDTs) in accomplishing these concepts that I hope others will find useful.
Candlestick Analysis - Identification and confirmation of the patterns in the deprecated script were clunky and inefficient. While the previous script required the use of 6 candles to perform the confirmations of patterns (restricted solely to identifying patterns that confirmed in 3 candles or less), this script only requires 3 candles to identify and process patterns by utilizing a UDT representing a 'pattern object'. An object representing a pattern will be created when it has been identified, and fields within that object will be set for processing by the functions it is passed to. Pattern objects are held by a var array (values within the array persist between bars) and will be removed from this array once they have been confirmed or non-confirmed.
This is a significant deviation from the previous script's methods, as it prevents unnecessary re-evaluations of the confirmation status of patterns (i.e. Hikkakes confirmed on the first candle will no longer need to be checked for confirmations on the second or third; a pitfall of the deprecated version which required multiple booleans tracking prior confirmation statuses). This deviation is also what provides the flexibility in changing the number of candles that can pass before a pattern is deemed non-confirmed.
As multiple patterns can be confirmed simultaneously, this script uses another UDT representing a linked-list reduction of the pattern object used to process it. This liked-list object will then be used for Price Analysis.
Price Analysis - This script employs the use of a UDT which contains all the returns of confirmed patterns. The user specifies how many candles ahead of the confirmed pattern to calculate its return, as well as where this calculation begins. There are two settings: FROM APPEARANCE and FROM CONFIRMATION (default). Price differences are calculated from the open of the candle immediately following the candle which had confirmed the pattern to the close of the candle X candles ahead (default 10). ( SEE FEATURES )
Because of how Pine functions, this calculation necessitates a lookback on prior candles to identify when a pattern had been confirmed. This is accomplished with the following pseudo-code:
if not na(confirmed linked-list )
for all confirmed in list
GET MATRIX PLACEMENT
offset = FROM CONFIRMATION ? 0 : # of candles to confirm
openAtFind = open
percent return = ((close - openAtFind) / openAtFind) * 100
ADD percent return TO UDT IN MATRIX
All return UDTs are held in a matrix which breaks up these patterns into specific groups covered in the next section.
Higher Timeframes - This script makes a request.security call to a higher timeframe in order to identify a price range which breaks up these patterns into groups based on the 'partition' they had appeared in. The default values for this partitioning will break up the chart into three sections: upper, middle, and lower. The upper section represents the highest 20% of the yearly trading range that an asset has experienced. The lower section represents the trading range within a third (33%) of the yearly low. And the middle section represents the yearly high-low range between these two partitions.
The matrix containing all return UDTs will have these returns split up based on the number of candles required to confirm the pattern as well as the partition the pattern had appeared in. The underlying rationale is that patterns may perform better or worse at different parts of an asset's trading range.
Statistical Analysis - Once a pattern has been confirmed, the matrix containing all return UDTs will be queried to check if a 'returnArray' object has been created for that specific pattern. If not, one will be initialized and a confirmed linked-list object will be created that contains information pertinent to the matrix position of this object.
This matrix contains the returns of both the Bullish and Bearish Hikkake patterns, separated by the number of candles needed to confirm them, and by the partitions they had appeared in. For the standard 3 candles to confirm, this means the matrix will contain 18 elements (dependent on the number of candles allowed for confirmations; its size will range from 12 to 30).
When the required number of candles for Price Analysis passes, a percent return is calculated and added to the returnArray contained in the matrix at the location derived from the confirmed linked-list object's values. The return is added, and all values in the returnArray are updated using Pine's built in array.___ functions. This returnArray object contains the array of all returns, its size, its average, the median, the standard deviation of returns, and a separate 3-integer array which holds values that correspond to the types of returns experienced by this pattern (negative, neutral, and positive)*.
After a pattern has been confirmed, this script will place the partition and all of the aforementioned stats values (plus a 95% confidence interval of expected returns) related to that pattern onto the tooltip of the label that identifies it. This allows users to scroll over the label of a confirmed pattern to gauge its prior performance under specific conditions. The percent return of the specific pattern identified will later be placed onto the label tooltip as well. ( SEE LIMITATIONS )
The stats portion of this script also plays a significant role in how patterns are presented when using the Adaptive Coloring mode described in FEATURES .
*These values are incremented based on user-input related to what constitutes a 'negative' or 'positive' return. Default values would place any return by a pattern between -3% and 3% in the 'neutral' category, and values exceeding either end will be placed in the 'negative' or 'positive' categories.
█ FEATURES
This script contains numerous inputs for modifying its behavior and how patterns are presented/processed, separated into 5 groups.
Confirmation Setting - The most important input for this script's functioning. This input is a 'confirm=true' input and must be set by the user before the script is applied to the chart. It sets the number of candles that a pattern has to confirm once it has been identified.
Alert Settings - This group of booleans sets which types of alerts will fire during the scripts execution on the chart. If enabled, the four alerts will trigger when: a pattern has been identified, a pattern has been confirmed, a pattern has been non-confirmed, and show the return for that confirmed pattern in an alert. Because this script uses the 'alert' function and not 'alertcondition', these must be enabled before 'any alert() function call' is set in TradingView's 'alerts' settings.
Partition Settings - This group of inputs are responsible for creating (and viewing) the partitions that breaks the returns of the patterns identified up into their respective groups. The user may set the resolution to grab the range from, the length back of this resolution the partitions get their values from, the thresholds which breaks the partitions up into their groups, and modify the visibility (if they're shown, the colors, opacity) of these partitions.
Stats Settings - These inputs will drastically alter how patterns are presented and the resulting information derived from them after their appearance. Because of this section's importance, some of these inputs will be described in more detail.
P/L Sample Length - Defines the number of candles after the starting point to grab values from in the % return calculation for that pattern.
P/L Starting Point - Defines the starting point where the P/L calculation will take place. 'FROM APPEARANCE' will set the starting point at the candle immediately following the pattern's appearance. 'FROM CONFIRMATION' will place the starting point immediately following the candle which had confirmed the pattern. ( SEE LIMITATIONS )
Min Returns Needed - Sets how many times a specific pattern must appear (both by number of candles needed to confirm and by partition) before the statistics for that pattern are displayed onto the tooltip (and for gradient coloration in Adaptive Coloring mode).
Enable Adaptive Coloring - Changes the coloration of the patterns based on the bullish/bearishness of the specified Gradient Reference value of that pattern compared to the Return Tolerance values OR the minimum and maximum values of that specified Gradient Reference value contained in the matrix of all returns. This creates a color from a gradient using the user-specified colors and alters how many of the patterns may appear if prior performance is taken into account.
Gradient Reference - Defines which stats measure of returns will be used in the gradient color generation. The two settings are 'AVG' and 'MEDIAN'.
Hard Limit - This boolean sets whether the Return Tolerance values will not be replaced by values that exceed them from the matrix of returns in color gradient generation. This changes the scale of the gradient where any Gradient Reference values of patterns that exceed these tolerances will be colored the full bullish or bearish gradient colors, and anything in between them will be given a color from the gradient.
Visibility Settings - This last section includes all settings associated with the overall visibility of patterns found with this script. This includes the position of the labels and their colors (+ pattern colors without Adaptive Coloring being enabled), and showing patterns that were non-confirmed.
Most of these inputs in the script have these kinds of descriptions to what they do provided by their tooltips.
█ HOW TO USE
I attempted to make this script much easier to use in terms of analyzing the patterns and displaying the information to the user. The previous script would have the user go to the 'data window' side bar on TradingView to view the returns of a pattern after they had specified which pattern to analyze through the settings, needlessly convoluted. This aim at simplicity was achieved through the use of UDTs and specific code-design.
To use, simply apply the indicator to a chart, set the number of candles (between 2 and 5) for confirming this specific pattern and adjust the many settings described above at your leisure.
█ LIMITATIONS
Disclaimer - This is a tool created with the hopes of helping identify a specific pattern and provide an informative view about the performance of that pattern. Previous performance is not indicative of future results. None of this constitutes any form of financial advice, *use at your own risk*.
Statistical Analysis - This script assumes that all patterns will yield a NORMAL DISTRIBUTION regarding their returns which may not be reflective of reality. I personally have limited experience within the field of statistics apart from a few high school/college courses and make no guarantees that the calculation of the 95% confidence interval is correct. Please review the source code to verify for yourself that this interval calculation is correct (Function Name: f_DisplayStatsOnLabel).
P/L Starting Point - Because of when the object related to the confirmation status of a pattern is created (specifically the linked-list object) setting the 'P/L Starting Point' to 'FROM APPEARANCE' will yield the results of that P/L calculation at the same time as 'FROM CONFIRMATION'.
█ EXAMPLES
Default Settings:
Partition Background (default):
Partition Background (Resolution D : Length 30):
Adaptive Coloration:
Show Non-Confirmed:
MARS - Moving Average Relative StrengthThe original idea from this script is from the script " Percentage Relative Strength " by dman103 . The original script compared a symbol to an index by their everyday percentage change. The symbol percentage was subtracted from percentage change of the index, & the results were then smoothed by moving averages.
Instead of daily percentage changes, this script directly calculates relative strength via a moving average. We call this simpler approach as MARS (Moving Average Relative Strength) .
MARS compares a symbol to the index by making use of the price's distance from a moving average. By default, we compare the distance from the 50-day simple moving average of the stock vs that of the index. Both the type & the length of the moving average is customisable.
Background color indicates the index being above or below its moving average.
Blue background: index is above its moving average
Pink background: index is below its moving average
The histogram indicates whether the stock is under-performing or out-performing the index.
Up-bars : stock is out-performing the index i.e. between the stock & the index, the difference between the distance to/from the 50-day moving average is a positive value.
Down-bars : stock is under-performing the index i.e. between the stock & the index, the difference between the distance to/from the 50-day moving average is a negative value.
The color of the histogram indicates the type of out-performance or under-performance. There can be a total of 6 such colors:
Relative out-performance : both index & stock are bearish, but stock is less bearish. The script prints light green up-bars on a pink background.
Gross out-performance : both index & stock are bullish, but stock is more bullish. The script prints green up-bars on a blue background.
Absolute out-performance : index is bearish, but stock is bullish! The script prints blue up-bars on a pink background.
Relative under-performance : both index & stock are bullish, but stock is less bullish. The script prints light red bars on a blue background.
Gross under-performance : both index & stock are bearish, but stock is more bearish. The script prints dark red bars on a pink background.
Absolute under-performance : index is bullish, but stock is bearish! The script prints black down-bars on a blue background.
Additional customisation options:
Paint bars option changes the bar colors to mirror the histogram colors.
Easy colors option just changes the histogram colors to either blue or pink, indicating out-performance or under-performance, respectively. This is when the trader does not wish to demarcate between the above-mentioned 6 conditions.
Multiple Standard MomentumMultiple Standard Momentum
The momentum indicator is a technical indicator that measures the speed and strength of the price movement of a financial asset. This indicator is used to identify the underlying strength of a trend and predict potential changes in price direction.
The calculation of the momentum indicator is based on the difference between the current price and the price of a previous period. The result is displayed on a chart, which can be positive or negative, depending on whether the current price is higher or lower than the price of the previous period. The indicator can be used on any time frame, but is generally used on short-term charts.
To use the momentum indicator , you look for two types of signals:
🔹 Crossover Signal – When the indicator crosses the zero line, it can signal a change of direction in the price trend.
🔹 Divergence – When the asset price moves in one direction and the indicator moves in the opposite direction, a divergence can be identified. This divergence may indicate a possible trend reversal.
COMPOSITION AND MODE OF USE OF THE INDICATOR
🔹 This indicator displays multiple Momentum levels on a single chart, allowing you to view multiple Momentum lines. Each level is represented on the chart where it can be hidden or shown as desired for better market analysis.
🔹 In addition, a zero trend line (also known as a horizontal trend line) has been added. The zero trend line is a horizontal line that indicates the point at which the current price equals the opening price, which allows users to draw a custom zero trend line on the chart using different colors and time periods of calculation.
* Highest performing custom setup for the Zero Trend Line. For Operations of:
- One Minute: Trend Line Time Frame = Five Minutes.
- Three Minutes: Trend Line Time Frame = Fifteen Minutes.
- Five Minutes: Trend Line Time Frame = Thirty Minutes.
- Fifteen Minutes: Trend Line Time Frame = Sixty Minutes.
Rules For Trading
🔹 Bullish:
* The Zero Trend Line must be in Green Color.
* When the Momentum Line Crosses the Zero Line from Bottom to Top.
🔹 Bearish:
* The Zero Trend Line must be in Red Color.
* When the Momentum Line Crosses the Zero Line from Top to Bottom.
In addition, parameters were defined to activate or deactivate the graphic signal taking into account the previous requirement (Bullish and Bearish):
🔹 Long or Buy = ▲
🔹 Short or Sell = ▼
This script can be used in different markets such as forex, indices, and cryptocurrencies for analysis and trading. However, it is important to note that no trading strategy is guaranteed to be profitable, and traders should always conduct their own research and risk management.
Detect BOS in Five Candles with MTF - Alert [MsF]Japanese below / 日本語説明は英文の後にあります。
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*This indicator is based on azmathshah's "Last Three Candles each of Two HTF".
It's a very cool indicator. thank you.
You can detect trend reversal with candlesticks.
It's MTF compatible and can display up to 2 sets of 5 candles of any time frame on the right side of the chart.
By displaying the candles of the upper time frame bars, you can check the trend change and measure the entry timing with the lower time frame bars.
There are two types of alerts.
"Liquidity Sweep": This is an alert when the upper beard (high) of ③ is touched with the next foot.
"Candle Close": An alert when the upper whisker (high) of ③ is exceeded by the closing price of the next bar (generally a strong signal)
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ローソク足でトレンド転換を検知するインジケーターです。
MTF対応となっておりチャートの右側に任意タイムフレームのローソク5本を最大2セット表示できます。
上位足のローソクを表示することにより、トレンド転換確認しながら、下位足でエントリータイミングを計ることができます。
アラートは2種類あります。
"Liquidity Sweep"：③の上ヒゲ（high）を次の足でタッチした場合のアラートです
"Candle Close"：③の上ヒゲ（high）を次の足の終値で上回った場合のアラートです（一般的には強力なシグナルとなります）
The Weinstein MethodWhat is "The Weinstein Method" indicator?
Presentation of the indicator
The Weinstein Method indicator was developed by us to help traders use the Stan Weinstein Method more effectively. This method usually requires a lot of time and analysis to determine the different phases of an asset, but the indicator takes care of that in no time. By simply choosing the market and the timeframe, traders can get the different trends of the asset, the famous four phases of Stan Weinstein.
The basic principles of the indicator
The Weinstein Method indicator is based on the principles of the Stan Weinstein Method. According to this method, assets go through four phases: the accumulation phase, the rise phase, the distribution phase and the fall phase. Traders use these phases to determine when to buy, sell or stay out of the market.
How the indicator works
The indicator will take into account several elements to trigger the phases: the RSI, the volumes, the EMA, the Relative Strength of the asset (the choice of the market in the menu of the indicator is determining for this calculation) and the Supports/Resistances.
Depending on the Timeframe (several configurations: 1 hour, 4 hours, daily, weekly and monthly) and the market (Dow Jones - Stock, S&P 500 - Stock, Nasdaq - Stock, DAX - Stock, CAC 40 - Stock and Cryptos) selected, the variables mentioned above change to adapt to the asset and the timeframe.
Each phase has criteria that must be met in order to be triggered (those described by Stan Weinstein in his book "Secrets for Profiting in Bull and Bear Markets"):
- Phase 1: We have determined as criteria: low volume, RSI in the low zone, minimal price variation over the last X candles and the EMA without direction.
- Phase 2: We calculate the relative strength of the asset compared to its benchmark, above-average volumes, the break of a major resistance, the direction of the EMA and the level of the RSI.
- Phase 3: We look to see if the asset breaks its uptrend (break of a trend following EMA), if it fails to make a new high, if the RSI is in the high zone and if the volumes are strong.
- Phase 4: For this phase to be triggered, the asset must break a major support, be below the EMA (once again these variables are adapted according to the timeframe and the market selected in the menu) and the EMA must be bearish.
How to use
The signals of the indicator
On the chart, the indicator allows you to visualize the different phases of an asset's movement. Each point on the chart corresponds to a particular phase, which is labeled below the point with the name of the phase. The different phases that can be identified with the help of the indicator are the following:
- S1: Accumulation
- S2: Rising
- S3: Distribution
- S4: Decline
By observing the successive points, it’s possible to identify the market trend and to consider trading positions accordingly.
The different strategies for using the indicator
The market phase indicator can be used for both short term and long-term trading strategies. However, it should be noted that this method is generally used for the medium and long term.
In terms of trading strategies, investors can use the indicator to identify periods of trend reversal and take positions against the current trend. For example, if the indicator shows a distribution phase, this may indicate a downward trend reversal and a trader could take a sell position when the downward phase begins.
On the other hand, traders can also use the indicator to confirm the current trend and take positions in the direction of the trend. If the indicator shows an upward phase, this may indicate a continuing upward trend and a trader could take a buy position.
Disclaimer
Please note that The Weinstein Method indicator is a tool designed to assist traders in their decision-making process. While it is based on sound principles and can be helpful in identifying market trends, it is important to remember that there is no magic indicator that can guarantee success in trading.
It is the responsibility of the user to carefully consider all available information, including the signals generated by The Weinstein Method indicator, and to make their own informed decisions about when to buy, sell or stay out of the market. It is important to remember that trading carries risks, and no strategy or tool can eliminate those risks entirely.
We want to emphasize that we do not provide investment advice, and any decisions made using The Weinstein Method indicator are the sole responsibility of the user. We cannot be held liable for any losses that may occur as a result of trading using this indicator.
[blackcat] L3 RS MSFIELD CN A ShareLevel: 3
Background
As requested by my friend, this is a China A share version of RS MSFIELD.
When a wave of market conditions in the China A Share market comes, how do you choose which China A Share target to operate?
Function
The function of this indicator is to compare the strength of a single target with the strength of the China A Share market. For any China A Share, if its strength is lower than the rise of the China A Share index, then this target is a manifestation of weakness, and you can short it at this time. On the contrary, if a single target rises higher than the China A Share index, then it may be the leader of this wave of market. Therefore, in a bull market, those indicators that are stronger than the China A Share market should be our long-term targets; in a bear market, Those indicators that are weaker than the China A Share market are all short-selling targets that we should pay attention to.
Its specific use method is as follows:
1. If the market is in the recovery period at the end of the bear market, the indicator can approach 0 from below 0. Its direction is continuously upward, which means that the target is in a rebound market and can be long. If the rising market continues and can maintain a strong market for a long time, the indicator must be in a strong area above the 0 axis. In the same way, the bear market adopts a strategy below the 0 axis.
2. If you want to achieve a stable transaction, the buying point for long positions must be above the 0 axis, and the selling point for short positions must be below the 0 axis.
3. If the retracement falls below the zero axis in the bull market, it means that it is not a market relay, but a market reversal.
4. This indicator does not provide specific buying and selling points, but can only provide a reference relative to the China A Share market. The specific buying and selling points and trends still need to be realized in conjunction with other technical indicators.
I distinguish the trend strength by color, which can be interpreted corresponding to RSI 0-100:
1. Deep Bear 0-20, blue
2. Bearish 20-40, green
3. Shock market 40-60, yellow
5. Bullish 60-80, red
6. Deep Bull Market 80-100, Fuchsia
Remarks
This indicator ONLY works for China A share which contains local market index info. It cannot work for other trading pairs.
This indicator DOES NOT provide long/short entry points. You need combine other indicators to trade.
Feedbacks are appreciated.
[blackcat] L3 RS MSFIELD CryptoLevel: 3
Background
When a wave of market conditions in the cryptocurrency market comes, how do you choose which cryptocurrency target to operate?
Function
The function of this indicator is to compare the strength of a single target with the strength of the crypto market. For any cryptocurrency, if its strength is lower than the rise of the cryptocurrency index, then this target is a manifestation of weakness, and you can short it at this time. On the contrary, if a single target rises higher than the cryptocurrency index, then it may be the leader of this wave of market. Therefore, in a bull market, those indicators that are stronger than the crypto market should be our long-term targets; in a bear market, Those indicators that are weaker than the crypto market are all short-selling targets that we should pay attention to.
Its specific use method is as follows:
1. If the market is in the recovery period at the end of the bear market, the indicator can approach 0 from below 0. Its direction is continuously upward, which means that the target is in a rebound market and can be long. If the rising market continues and can maintain a strong market for a long time, the indicator must be in a strong area above the 0 axis. In the same way, the bear market adopts a strategy below the 0 axis.
2. If you want to achieve a stable transaction, the buying point for long positions must be above the 0 axis, and the selling point for short positions must be below the 0 axis.
3. If the retracement falls below the zero axis in the bull market, it means that it is not a market relay, but a market reversal.
4. This indicator does not provide specific buying and selling points, but can only provide a reference relative to the crypto market. The specific buying and selling points and trends still need to be realized in conjunction with other technical indicators.
I distinguish the trend strength by color, which can be interpreted corresponding to RSI 0-100:
1. Deep Bear 0-20, blue
2. Bearish 20-40, green
3. Shock market 40-60, yellow
5. Bullish 60-80, red
6. Deep Bull Market 80-100, Fuchsia
Remarks
This indicator DOES NOT provide long/short entry points. You need combine other indicators to trade.
Feedbacks are appreciated.
Balance of Force Day of the Week (BOFDW)The script is a custom technical indicator for TradingView that is based on an analysis of the price movements of a financial instrument over the course of a week. The indicator uses a variety of inputs, including the open and close prices for each day of the week, to determine the "BOF" (BOF) for each day.
The BOF is calculated based on the relative magnitude of bullish and bearish price movements and is then used to determine the average BOF over a moving window of data points. This average BOF is displayed on the chart as an overlay, providing a measure of the average bullishness or bearishness of the financial instrument over the course of a week.
The indicator also allows users to specify the location of the overlay on the chart and to customize the appearance of the overlay with options for text and box colors. The script provides a number of built-in options for chart position, including the top-left, top-middle, top-right, middle-left, middle-center, middle-right, bottom-left, bottom-middle, and bottom-right corners of the chart.
Overall, this custom technical indicator is a useful tool for traders and investors who are looking to gain a deeper understanding of the price trends of a financial instrument over the course of a week. By providing a clear and concise measure of the average POF over time, the indicator can help users identify key patterns in the market and make more informed trading decisions.
MATHR3E WAVES█ OVERVIEW
MATHR3E WAVES automatically draws Elliott Waves on your charts with their potential associated targets.
█ CONCEPTS
Disclaimer
MATHR3E RETRACEMENTS indicator is intended for advanced traders and may fit your profile, whether you are a day trader or a long-term investor.
It was originally developed by a renowned market analyst and documented in numerous books. Among them is the author Jason Perl.
It is recommended to have read the trading techniques mentioned in the books covering this indicator beforehand.
How to use:
MATHR3E WAVES indicator can provide a roadmap of market direction that you can use to determine price targets and isolate exhaustion points from potential trends in conjunction with other indicators by the same author.
Be aware the indicator's approach is derived from the Elliott wave theory and may slightly diverge from the cardinal rules of Elliott waves.
Principle of the Elliott Wave Theory
Movement in the direction of the trend is unfolding in 5 waves (called motive wave) while any correction against the trend is in three waves (called corrective wave). The movement in the direction of the trend is labeled as 1, 2, 3, 4, and 5. The three-wave correction is labeled as a, b, and c. These patterns can be seen in the long term as well as short term charts.
Wave 1:
Wave one is rarely obvious at its inception. When the first wave of a new bull market begins, the fundamental news is almost universally negative. The previous trend is considered still strongly in force. Fundamental analysts continue to revise their earnings estimates lower; the economy probably does not look strong. Sentiment surveys are decidedly bearish, put options are in vogue, and implied volatility in the options market is high. Volume might increase a bit as prices rise, but not by enough to alert many technical analysts.
Wave 2:
Wave two corrects wave one, but can never extend beyond the starting point of wave one. Typically, the news is still bad. As prices retest the prior low, bearish sentiment quickly builds, and "the crowd" haughtily reminds all that the bear market is still deeply ensconced. Still, some positive signs appear for those who are looking: volume should be lower during wave two than during wave one, prices usually do not retrace more than 61.8% of the wave one gains, and prices should fall in a three-wave pattern.
Wave 3:
Wave three is usually the largest and most powerful wave in a trend. The news is now positive and fundamental analysts start to raise earnings estimates. Prices rise quickly, corrections are short-lived and shallow. Anyone looking to "get in on a pullback" will likely miss the boat. As wave three starts, the news is probably still bearish, and most market players remain negative; but by wave three's midpoint, "the crowd" will often join the new bullish trend. Wave three often extends wave one by a ratio of 1.618:1.
Wave 4:
Wave four is typically clearly corrective. Prices may meander sideways for an extended period, and wave four typically retraces less than 38.2% of wave three. Volume is well below that of wave three. This is a good place to buy a pullback if you understand the potential ahead for wave 5. Still, fourth waves are often frustrating because of their lack of progress in the larger trend.
Wave 5:
Wave five is the final leg in the direction of the dominant trend. The news is almost universally positive and everyone is bullish. Unfortunately, this is when many average investors finally buy-in, right before the top. Volume is often lower in wave five than in wave three, and many momentum indicators start to show divergences (prices reach a new high but the indicators do not reach a new peak).
Wave A:
Corrections are typically harder to identify than impulse moves. In wave A of a bear market, the fundamental news is usually still positive. Most analysts see the drop as a correction in a still-active bull market. Some technical indicators that accompany wave A include increased volume, rising implied volatility in the options markets, and possibly a turn higher in open interest in related futures markets.
Wave B:
Prices reverse higher, which many see as a resumption of the now long-gone bull market. Those familiar with classical technical analysis may see the peak as the right shoulder of a head and shoulders reversal pattern. The volume during wave B should be lower than in wave A. By this point, fundamentals are probably no longer improving, but they most likely have not yet turned negative.
Wave C:
Prices move impulsively lower in five waves. Volume picks up, and by the third leg of wave C, almost everyone realizes that a bear market is firmly entrenched. Wave C is typically at least as large as wave A and often extends to 1.618 times wave A or beyond.
█ FEATURES & BENEFITS
Versatile
The indicator works on relative price action, so you can apply it without having to change any of the default settings.
Targets:
Customize the high and low wave targets to identify possible price target areas.
Adjustable Rules:
• Shift Wave 2: if Wave 4 closes below the low close of Wave 2.
• Shift Wave 4: if Wave A closes below the low close of Wave 4.
• Allow Wave 4 to overlap Wave 1
• Allow truncated Wave 5
• Allow truncated Wave C
Price ratio:
Force waves 2/4 to retrace to a specific Fibonacci level.
Force Waves 3/5 size to a specific Fibonacci level.
Time Ratio:
Force selected waves to last a required number of bars.
Alerts:
Set up your alerts and receive notifications on wave completion.
Alerts format can be adapted to be received on Discord servers.
Buy Sell Calendar [LuxAlgo]The Buy Sell Calendar indicator displays a calendar showing the sentiment for the current day/month. Three different methods can be used to determine this sentiment.
The calendar can also highlight the percentage of bullish days/months for a month/year.
🔶 SETTINGS
Frequency: Calendar frequency, options include "Daily" and "Monthly"
Sentiment Method: Method used to determine the sentiment for the day/month, options include: "Linreg", "Accumulated Deltas", and "Max/Min"
Timezone Offset: UTC time zone offset.
Limit Date: Limit date used by the calendar, the sentiment of days/months outside this limit will not be returned.
🔹 Calendar
Show Calendar: Determines whether to display or hide the calendar.
Location: Location of the calendar on the chart.
Size: Calendar size.
🔶 USAGE
The proposed script can allow users to quickly determine if a specific day/month is considered bullish or bearish. A green cell is used for bullish days/months, while a red one is used for bearish days/months.
Additionally vertical lines are displayed on new days/months with a color highlighting the current sentiment for this specific day/month. Note that this is done retrospectively, the color of a line set at time t might differ at time t+n .
🔶 SENTIMENT METHODS
Determining whether a day/month is bullish or bearish can be done using three different methods. Note that each method makes use of the closing price as the input, and as such can eventually return different results depending on the selected timeframe. Each method is described below:
🔹 Linreg
The Linreg method fit lines between each day/month using the method of least squares and determines if that particular day is bullish or bearish based on the line slope sign. For example, a rising line would indicate a bullish day/month.
🔹 Accumulated Deltas
The method of accumulated deltas simply accumulates bullish and bearish price changes for the current day/month, the result with the highest magnitude determines the sentiment for that day/month.
🔹 Max/Min
The max/min method computes a trailing maximum and a trailing minimum for the current day/month. The sentiment is determined by the price position relative to the average between the obtained maximum/minimum, with a bullish sentiment being determined if price is above the average.
TwV Market SignalsSignals Indicator
Summary
This indicator allows traders to have in handy short and long signals and estimate the trend of the market.
The indicator draws Long and Short signals depending on the trend analysis. The indicators also use meaningful colors for traders to be able to visually understand the graphs, such us fillings on EMAs, so the possible trend is represented.
The colors used are light green for bullish, red for bearish, dark green for possible bearish to bullish change and purple for possible bullish to bearish change. These colors are applicable to all fillings and summary box.
How to use this indicator
The use of EMAs 10,20 and 50 draw the medium to long term trends, therefore avoiding signals against the trend. Furthermore the EMAs will advise possible change in trends, specially considering the 10 and 20 cross, considering that crossing the 10,20 and 50, might confirm the change in med to long term trend change of the price. This is completely visual in the chart as it tints green for positive trend and yellow to red for negative trend.
The 200 SMA is included as it also gives better confirmation to the trend, the basics tell that when the EMAs mentioned above are below the 200 SMA then the likelihood for entries in long positions are not the best and vice versa for short.
Therefore, the trader shall filter Long and Short Signals accordingly as this EMAs are not used to send Long and Short signals considering that they confirm the trend in a slow pace and not reactively to the price volatility.
There are two strategies built-in within the indicator:
Strategy 1 – Longer time trades and high volatility handling
The Long and Short Signals are based on 14 and EMAs (by default). This two Mas are used to send signals based on their crossovers as they are way more reactive to the price movement.
Trader shall consider that EMAs are used for higher timeframes, therefore the indicator has the possibility to adjust the EMAs and use SMAs or WMAs instead for one or the two parameters (14 and 21).
WMAs react faster to the price volatility so the trader shall adjust this according to the timeframe being used. (Lower timeframes suggested).
This strategy is used for trades that might keep running for longer periods of times.
For reference on what the SMAs, EMAs and WMAs are, please see below sections in the description.
Strategy 2 - Shorter time trades and unhandled high volatility
The Long and Short Signals are bases on HMA. HMAs (Hull Moving Averages) track the price movement and volatility way faster that SMAs, EMAs and WMAs, therefore as the HMA follow the price quicker, it is intended for short time trades even in higher timeframes.
Scalping is not suggested using this strategy as HMA do not handle high volatility even on higher timeframes.
One of the biggest differences from the first strategy is that there is no more than a single HMA length to work with, which is 24 as default.
HMAs calculation is different to other MAs, therefore combining various HMAs lengths looking for crossovers become trend identification a lot less precise. HMAs are not intended to be used with different length crossovers.
Exit points = The use of Stochastic and VRVP
Stochastic RSI
It is well known that when Stochastic RSI resets when overbought or oversold therefore traders have within a summary box the possibility to check whether the K & D lines in the Stochastic RSI hace crossed over bullish or bearish.
Although the crossover is not mandatory for a change trend, the crossover might be used by the trader to exit a position considering that the price might move on the opposite direction.
Traders shall look at the summary box, where bullish and bearish crossovers are shown, so they evaluate their position exit.
Visible Range Volume Profile
The use of the VRVP is to find support and resistance on the price movements. Although high and lows are used as possible supports and resistances, VRVP shows an area of confluence on the order book, where volume of positions are accumulated and that might act as support or resistance depending on the price direction.
Traders can visually activate the VRVP to see the Point of Control (POC) directly on the chart as a line (similar as how a support or resistance would be drawn). Moreover, traders have the ability to see within the summary box, whether to see if the price is above or below the POC, so they clearly know if it is acting as support or resistance.
Price Direction
Trade the market trend is well know to be used to identify possible price direction. It is important not to confuse the longer time trend drawn by the EMAs with the TTM Trend bar color. The TTM trend colors bars according to the price direction, helping traders not to confuse when a red bar appears on an up trend or green bars on a down trend.
This coloring helps traders not to exit trades based on bar coloring, which might psychologically affect when scalping or short-term trading specially.
Originally, the TTM trend is used considering the ADX in and indicator called TTM Squeeze, where the strength of the movement is measured, therefore although candle colors help with the price direction, ADX provides the trader the ability to see whether the direction is losing momentum and then catch the best possible exit before the direction change.
How to use Summary
1. Receive the Long or Short Signals using strategy 1 or 2, depending on the selected in the main menu of the indicator.
2. Evaluate the trend based on the 10,20, 50 and 200 MAs. Filter the Long and Short signals accordingly.
3. Monitor constantly the TTM Trend and the ADX for the direction and strength of the position entered and review if the momentum is being lost, considering step 4 or other possible reasons that might lead to exiting the position.
4. Once entered to a position evaluate constantly the Stochastic RSI bearish or bullish crossover or POC value on screen or summary box to exit the position.
Terminology basics
Trend indicators
Exponential Moving Average (EMAs): The base indicator is composed of moving averages of 10, 20 and 55 exponential periods, to determine a possible bullish or bearish trend (EMA Crossing)
Simple Moving Average (SMA): The base indicator is composed of a moving average of 200 simple periods, which in conjunction with the EMAs can lead to estimate potential upward or downwards moves, as well as possible resistances. (SMA Positioning)
Weighted moving average (WMA): It is a technical indicator that traders use to generate trade direction and make a long or short position. It assigns greater weighting to recent data points and less weighting on past data points. (WMA Crossing)
Strength and S/R indicators
VPVR (Volume Profile Visible Range): It allows to determine the Point of Control (POC) which is the node with the highest volume profile. This can be used as an important retest point or to calculate potential support and resistance. The POC level is represented with a red dotted line in the graph.
The VPVR is a simplified version of the “TwV Multi-timeframe Dynamic VRVP” that you can find for free use in my profile. This version calculates the main’s timeframe POC and also has the possibility to be fixed range if the trader enables it from the menu. (Dynamic range by default).
ADX (Average Directional Index): The ADX helps the indicator to estimate the strength of the movement, always considering the DI+ and DI- to not go against the trend strength. This is represented as summary text in a table.
/
Exit indicator
Stochastic RSI: It is an indicator used in technical analysis that ranges between zero and a hundred and is created by applying the Stochastic oscillator formula to a set of relative strength index (RSI) values rather than to standard price data. Using RSI values within the Stochastic formula gives traders an idea of whether the current RSI value is overbought or oversold (Exit zones)
/
Summary Panel
This panel allows the trader to have a summary of the current status (bearish or bullish) of some of the most determinant indicators within the strategy. It has the following characteristics:
It is placed on the right bottom side of the chart by the default. Traders can change its position or hidden it through the main menu of the indicator.
Its colors change according to the indicator’s values and constant change for easier detection.
The summary box shows the projection for each of the indicators (Trend, Stochastic, EMA, VPVR and ADX).
The summary box is multi-language (English and Spanish), which can be changes in the main menu of the indicator
Alerts
Within the indicator’s menu, you can set up alerts for all long, short, close long and close short signals, which might come in handy when the trader would like to have notifications on the Trading View website, desktop app or phone apps. Furthermore, there are also signals for possible exit points, which can also be activated from the indicator’s menu.
TwV Market Signals ScreenerMarket Signals Screener
This indicator allows traders to have a view of multiple pairs and timeframes Long/Short signals and specific information of parameters, based on the TwV Market Signals also developed by me and that can be found on my profile.
Full Screener Panel
This panel allows the trader to monitor multiple pairs at a single screen, giving an immediate vision of possible entries and exits (Long/Short). Moreover, allows traders to have handy all information of the TwV Market Signals Indicator that might be analyzed further for each pair. It has the following characteristics:
It can be placed anywhere on the screen through the main menu of the indicator.
It can be combined with the same indicator multiple times, as per screener is limited to show 40 pairs, you can select the number of panels being added to adjust position one next to each other.
It strengthens colors when a pair has changed its signals in order to the trader to know immediate changes and then do the follow up
The screener shows the pairs, which can be changed within the menus.
The screener shows the Long and Short Signals in its las column but previously, it shows the most critical parameters in the strategies (Market Signals Indicator) that determined the possible Long/Short position. Therefore, the EMAs, STOCH, SQZ, ADX, and TTM, are summarized in the screener for each pair.
For analyzing a specific pair, refer to the the Twv Market Signals Indicator, which is other indicator that might be on my TradingView Profile and that was used as base for the screener.
How to use this indicator and work with the strategies of the TwV Market Signals Indicator
The use of EMAs 10,20 and 50 draw the medium to long term trends, therefore avoiding signals against the trend. Furthermore, the EMAs will advise possible change in trends, especially considering the 10 and 20 cross, considering that crossing the 10,20 and 50, might confirm the change in med to long term trend change of the price. This is completely visual in the chart as it tints green for positive trend and yellow to red for negative trend.
The 200 SMA is included as it also gives better confirmation to the trend, the basics tell that when the EMAs mentioned above are below the 200 SMA then the likelihood for entries in long positions are not the best and vice versa for short.
Therefore, the trader shall filter Long and Short Signals accordingly as this EMAs are not used to send Long and Short signals considering that they confirm the trend in a slow pace and not reactively to the price volatility.
There are two strategies built-in within the indicator:
Strategy 1 – Longer time trades and high volatility handling
The Long and Short Signals are based on 14 and EMAs (by default). This two Mas are used to send signals based on their crossovers as they are way more reactive to the price movement.
Trader shall consider that EMAs are used for higher timeframes, therefore the indicator has the possibility to adjust the EMAs and use SMAs or WMAs instead for one or the two parameters (14 and 21).
WMAs react faster to the price volatility so the trader shall adjust this according to the timeframe being used. (Lower timeframes suggested).
This strategy is used for trades that might keep running for longer periods of times.
For reference on what the SMAs, EMAs and WMAs are, please see below sections in the description.
Strategy 2 - Shorter time trades and unhandled high volatility
The Long and Short Signals are bases on HMA. HMAs (Hull Moving Averages) track the price movement and volatility way faster that SMAs, EMAs and WMAs, therefore as the HMA follow the price quicker, it is intended for short time trades even in higher timeframes.
Scalping is not suggested using this strategy as HMA do not handle high volatility even on higher timeframes.
One of the biggest differences from the first strategy is that there is no more than a single HMA length to work with, which is 24 as default.
HMAs calculation is different to other MAs, therefore combining various HMAs lengths looking for crossovers become trend identification a lot less precise. HMAs are not intended to be used with different length crossovers.
Exit points = The use of Stochastic and VRVP
Stochastic RSI
It is well known that when Stochastic RSI resets when overbought or oversold therefore traders have within a summary box the possibility to check whether the K & D lines in the Stochastic RSI hace crossed over bullish or bearish.
Although the crossover is not mandatory for a change trend, the crossover might be used by the trader to exit a position considering that the price might move on the opposite direction.
Traders shall look at the summary box, where bullish and bearish crossovers are shown, so they evaluate their position exit.
Visible Range Volume Profile
The use of the VRVP is to find support and resistance on the price movements. Although high and lows are used as possible supports and resistances, VRVP shows an area of confluence on the order book, where volume of positions are accumulated and that might act as support or resistance depending on the price direction.
Traders can visually activate the VRVP to see the Point of Control (POC) directly on the chart as a line (similar as how a support or resistance would be drawn). Moreover, traders have the ability to see within the summary box, whether to see if the price is above or below the POC, so they clearly know if it is acting as support or resistance.
Price Direction
Trade the market trend is well known to be used to identify possible price direction. It is important not to confuse the longer time trend drawn by the EMAs with the TTM Trend bar color. The TTM trend colors bars according to the price direction, helping traders not to confuse when a red bar appears on an uptrend or green bars on a down trend.
This coloring helps traders not to exit trades based on bar coloring, which might psychologically affect when scalping or short-term trading specially.
Originally, the TTM trend is used considering the ADX in and indicator called TTM Squeeze, where the strength of the movement is measured, therefore although candle colors help with the price direction, ADX provides the trader the ability to see whether the direction is losing momentum and then catch the best possible exit before the direction change.
Terminology basics
Trend indicators
Exponential Moving Average (EMAs): The base indicator is composed of moving averages of 10, 20 and 55 exponential periods, to determine a possible bullish or bearish trend (EMA Crossing)
Simple Moving Average (SMA): The base indicator is composed of a moving average of 200 simple periods, which in conjunction with the EMAs can lead to estimate potential upward or downwards moves, as well as possible resistances. (SMA Positioning)
Weighted moving average (WMA): It is a technical indicator that traders use to generate trade direction and make a long or short position. It assigns greater weighting to recent data points and less weighting on past data points. (WMA Crossing)
Strength and S/R indicators
VPVR (Volume Profile Visible Range): It allows to determine the Point of Control (POC) which is the node with the highest volume profile. This can be used as an important retest point or to calculate potential support and resistance. The POC level is represented with a red dotted line in the graph.
The VPVR is a simplified version of the “TwV Multi-timeframe Dynamic VRVP” that you can find for free use in my profile. This version calculates the main’s timeframe POC and also has the possibility to be fixed range if the trader enables it from the menu. (Dynamic range by default).
ADX (Average Directional Index): The ADX helps the indicator to estimate the strength of the movement, always considering the DI+ and DI- to not go against the trend strength. This is represented as summary text in a table.
/
Exit indicator
Stochastic RSI: It is an indicator used in technical analysis that ranges between zero and a hundred and is created by applying the Stochastic oscillator formula to a set of relative strength index (RSI) values rather than to standard price data. Using RSI values within the Stochastic formula gives traders an idea of whether the current RSI value is overbought or oversold (Exit zones)
/
How to use Summary
1. Receive the Long or Short Signals using strategy 1 or 2, depending on the selected in the main menu of the indicator.
2. Evaluate the trend based on the 10,20, 50 and 200 MAs. Filter the Long and Short signals accordingly.
3. Monitor constantly the TTM Trend and the ADX for the direction and strength of the position entered and review if the momentum is being lost, considering step 4 or other possible reasons that might lead to exiting the position.
4. Once entered to a position evaluate constantly the Stochastic RSI bearish or bullish crossover or POC value on screen or summary box to exit the position.
5. Consider that for doing the evaluation individually, you shall use the TwV Market Signals.
Harmonic Patterns Based Trend FollowerEarlier this week, published an idea on how harmonic patterns can be used for trend following. This script is an attempt to implement the same.
🎲 Process
🎯 Derive Zigzag and scan harmonic patterns for last 5 confirmed pivots
🎯 If a pattern is found, highest point of pattern will become the bullish zone and lower point of the pattern will become bearish zone.
🎯 Since it is trend following method, when price reaches bullish zone, then the trend is considered as bullish and when price reaches bearish zone, the trend is considered as bearish.
🎯 If price does not touch both regions, then trend remains unchanged.
🎯 Bullish and bearish zone will change as and when new patterns are formed.
🎲 Note
Patterns are not created on latest pivot as last pivot will be unconfirmed and moving. Due to this, patterns appear after certain delay - patterns will not be real time. But, this is expected and does not impact the overall process.
When new pattern formed
When price breaks over the zones
🎲 Output
🎯 Patterns formed are drawn in blue coloured lines. Due to pine limitation of max 500 lines, older patterns automatically get deleted when new ones come.
🎯 Bullish Zone and Bearish Zone are plotted in green and red colours and the zone will change whenever new pattern comes along.
🎯 Bar colors are changed according to calculated trend. Trend value can be 1 or -1 based on the current trend. You can also find the value in data window.
🎯 For simplicity purpose, input option for selection of specific patterns are not provided and also pattern names are not displayed on the chart.
Regime Filter [CHE]About:
A market regime filter is a tool used by traders and investors to identify the current state or "regime" of the market and adjust their investment strategies accordingly. This can involve identifying trends in market behavior, such as bullish or bearish trends, and using that information to make decisions about which assets to buy or sell.
Market regime filters can be based on a variety of factors, including economic indicators, market sentiment, and technical analysis. They are often used in conjunction with other trading strategies and can help traders and investors manage risk and optimize their returns.
It's important to note that market regime filters are not always accurate and can change over time, so it's important for traders and investors to regularly review and update their filters to ensure that they are relevant and effective.
Understanding the use of a regime filter in trading:
The importance of a trading filter cannot be overemphasized. As a matter of fact, the chances of any trading system making consistent returns over the long term depends on it trading in the right market environment — buying when the market is bullish and selling when the market is bearish. Some traders may want to stay out of the market when the conditions are unfavorable.
The heard of this Regime Filter is the well kown Andean Oscillator. The proposed indicator aims to measure the degree of variations of individual up-trends and down-trends in the price, thus allowing to highlight the direction and amplitude of a current trend.
Settings
Length : Determines the significance of the trends degree of variations measured by the indicator.
Signal Length : Moving average period of the signal line.
The regime filter uses the color yellow and blue, yellow stands for bullish and blue for bearish.
In daily use I have found that it makes sense to use it in different timeframes to identify meaningful trends.
best regards and I hope you enjoy this new indicator
Chervolino
Market Breadth - Secondary IndicatorMarket Breath is the equilibrium between number of stocks in advance to those in a decline, in other words a method to determine the current market environment. In a positive phase bullish setups will have improved probabilities and presence, whereas in a bearish phase the opposite would be true.
The primary indicator is the main tool used to identify whether the market is favorable for bullish- or bearish setups. The secondary indicator is complementary, with the purpose to calculate the intensity of each phase. In other words, overbought or oversold conditons.
The calculations are made based on the MMFI (% of stocks above 50 DMA).
- Red Column: Value below 21 would be considered oversold, where 10 < would be extreme / capitulation.
- Green Column: Value above 72 would be considered overbought, however in a stable bullish phase would on the contrary indicate positive acceleration.
There are also prints of dots that are created around / end of these extremes, which can indicate a reversal attempt. This will be printed when there is a countertrend move in the MMFI, VIX and SPY from an extreme value.
- Red Dots: Countertrend (down expansion) from a bullish phase.
- Green Dots: Countertrend (up expansion) from a bearish phase.
- Black Dots: Countertrend (up expansion) from an extreme / deep bearish phase.
How To Use
Use the primary indicator to note whether the market is more favorable for bullish- or bearish setups. Then look at the secondary breadth indicator and note whether there are extreme numbers and take that into account with a discretionary perspective. Example In case the market is in a bearish phase, have extended to the downside for several weeks and the primary breadth indicator is bearish. But he secondary show oversold levels with reversal prints, one should consider to be more careful on short side to risk of mean reversion. In simple terms these can be used to determine whether the current market is appropriate for selected setups.
Correlated ATR Bands | AdulariHow do I use it?
Never use this indicator as standalone trading signal, it should be used as confluence.
It is highly recommended to use this indicator on the 15m timeframe and above, try experimenting with the inverse feature and multipliers as well.
When the price is above the moving average this shows the bullish trend is strong.
When the price is below the moving average this shows the bearish trend is strong.
When the moving average is purple, the trend is bullish , when it is gray, the trend is bearish.
When price is above the upper band this may indicate a bearish reversal.
When price is below the lower band this may indicate a bullish reversal.
Features:
Purple line for bullish trend and gray line for bearish trend.
Custom formula combining an ATR and Hull MA to clearly indicate trend strength and direction.
Unique approach to moving averages and bands by taking the average of 2 types of MA's combined with custom ATR's, then multiplying these by correlation factors.
Bands to indicate possible trend reversals when price crosses them.
How does it work?
1 — ATR value is calculated, then the correlation between the source and ATR is calculated.
2 — Final value is calculated using the following formula:
correlation * atr + (1 - correlation) * nz(atr , atr)
3 — Moving average is calculated with the following formula:
ta.hma((1-(correlation/100*(1+weight/10)))*(ta.sma(source+value, smoothing)+ta.sma(source-value,smoothing))/2,flength)
4 — Bands calculation using multipliers.
QT suppy demandV1.0 core functions: marking supply and demand areas, marking air decoy/multiple decoy signals, and displaying potential target positions in tables
1. What kind of indicator is this?
This is a practical trading indicator based on supply and demand, which combines many of my practical experience and marks the supply/demand area through complex and accurate calculation, so that you can better identify where the organization has orders, so that you can buy chips at a lower price and sell them to retail investors at a higher price
2. What is the relationship between supply and demand?
Demand: In terms of price, if the market falls short of demand, then the price will stop falling and start to rise
Supply: In terms of price, if the market is oversupplied, then the price will stop falling and begin to fall back
In short, the higher the price, the lower the demand. From the perspective of the seller, the higher the price, the higher the supply
3. What is the supply and demand area?
The supply and demand area is generally the place where the price is reversed, and the price reversal will generally occur in the area where the supply and demand are unbalanced, which is the entry point of the high profit loss ratio we are pursuing
4. Who is your opponent?
Retail price: the price close to or within the supply area is called retail price
Wholesale price: the price close to or within the demand area is called wholesale price
Retail investors generally buy at the "retail price" and sell at the "wholesale price", while professional traders do the opposite, so professional traders are often retail investors' opponents
Professional traders often buy back the chips of retail investors at the wholesale price, and then sell them to retail investors at the retail price
5. How to use this indicator?
: flat down, up flat down, down flat down
(1) Flat fall: yellow+red K line combination is the supply area flat fall combination, which belongs to bearish. Usually, this form requires confirmation of entry, that is, the price can only be sold after it enters this area and stops rising.
(2) Up and down: The combination of green+yellow+red K line is up and down in the supply area, which is bearish. Usually, the form in the pipe is only operational when it occurs at the inflection point of the reversal, or the position of the superimposed supply area can improve the success rate of selling.
(3) Falling flat: red+yellow+red K line combination is the supply area falling flat, which belongs to the bearish area. Usually, the reversal in the market is completed by rising flat falling+falling flat falling. Only those falling flat at the high or middle level have operating prices, and the success rate at the low level is slightly lower
: flat rise, falling flat rise, rising flat rise
(1) Flat rise: yellow+green K line combination is a flat rise in demand area, which is bullish. Usually, this form requires confirmation of entry, that is, the price can only be bought after it stops falling in this area.
(2) Falling flat and rising: red+yellow+green K line combination is a falling flat and rising demand area, which belongs to bullish. Usually, this form can achieve the best profit loss ratio at the low inflection point. Because its bit occurs during inversion.
(3) Inflation leveling: The combination of green+yellow+green K line is a demand area for inflation leveling, which belongs to the bullish. Usually, the neutral form will occur after the occurrence of inflation leveling. The transition from short to long also requires the completion of inflation leveling+inflation leveling, except for the case of negative V.
matters needing attention:
(1) Please do not trade in a large supply and demand area, because stop loss may exceed your risk tolerance.
(2) Please do not trade in a small supply and demand area because there may be very few orders.
(3) The K line leaving the supply and demand area is called the outgoing line. The outgoing line is the big positive line or the big negative line, which belongs to a very full entity. The success rate of the supply and demand area depends on the physical fullness of the outgoing line. The fuller the entity is, the higher the transaction success rate is, of course, it is not an absolute value.
So the core point of supply and demand is to find the demand area to be long and the supply area to be short, so as to ensure a high winning rate and a good profit loss ratio
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中文说明：
V1.0 核心功能：标记供给、需求区，标记诱空/诱多信号，表格显示潜在目标位
1、这是一个什么样的指标？
这是一个以供需为基础的实战型交易指标，里面结合了很多本人的实战经验，通过复杂且精确的计算，标记出供给/需求区域，让你更好的识别机构在哪里有订单，让你以更低的价格购买到筹码，然后以更高的价格卖给散户
2、什么是供求关系？
需求：从价格层面来讲，若市场出现供不应求，那么此时价格将会停止下跌并开始回升
供给：从价格层面来讲，若市场出现供过于求，那么此时价格将会停止下跌并开始回落
简单地说，价格越高，需求量越低，从卖方的角度来看，价格越高越供应量越高
3、什么是供需区？
供需区一般都是价格反转的位置，价格发生反转一般都会出现在供求不平衡的区域，也就是我们所追求的高盈亏比入场点位
4、谁是你的对手盘？
零售价：接近供给区或者供给区内的价格我们称之为零售价
批发价：接近需求区或者需求区内的价格我们称之为批发价
散户一般都会以“零售价”买入，以“批发价”卖出，而职业交易员则相反，所以职业交易员往往就是散户的对手盘
职业交易员常常以批发价回购散户的筹码，然后通过零售价卖给追涨的散户
5、如何使用这个指标？
【看跌形态】：平跌、涨平跌、跌平跌
（1）平跌：黄色+红色K线组合为供给区平跌组合，属于看跌。通常这种形态是需要确认入场的，就是价格在进入这个区域之后止涨才可以卖出。
（2）涨平跌：绿色+黄色+红色K线组合为供给区涨平跌，属于看跌。通常管中形态是出现在反转的拐点位置才有操作意义，或者是叠加的供给区位置才能提高卖出成功率。
（3）跌平跌：红色+黄色+红色K线组合为供给区跌平跌，属于看跌区域，通常市场上的反转都是由涨平跌+跌平跌完成的，跌平跌在高位或中位的才有操作价格，低位的成功率略人低
【看涨形态】：平涨、跌平涨、涨平涨
（1）平涨：黄色+绿色K线组合为需求区平涨，属于看涨。通常这种形态是需要确认入场的，就是价格在进入这个区域之后止跌才可以买入。
（2）跌平涨：红色+黄色+绿色K线组合为跌平涨需求区，属于看涨，通常这种形态在低位拐点位置交易盈亏比才能达到最好。因为它位都是发生在反转的时候。
（3）涨平涨：绿色+黄色+绿色K线组合为涨平涨需求区，属于看涨，通常和中形态是在出现跌平涨之后才会出现，由空头向多头转变也是需要完成跌平涨+涨平涨才能实现，当然V反的情况下除外。
注意事项：
（1）太大的供需区请不要交易，因为止损可能会超过你的风险承受范围。
（2）太小的供需区请不要交易，因为他里面的订单可能会非常少。
（3）离开供需区的K线我们称为出线，出线就是大阳线或大阴线，属于实体非常饱满，供需区的胜率取决于出线的实体饱满程度，实体越饱满交易成功率越高，当然它不是绝对值。
所以供需的核心要点就是，找到需求区做多，找到供给区做空，这样才能保证胜率高的同时盈亏比也很好
1 Minute Scalping IndicatorThis is a 1 Minute Scalping Indicator based purely on price action of the current candle compared to the previous candle so there is no lag from using other indicators. It works great on all timeframes, but is designed for getting in and out of positions quickly using the 1 minute chart. The candles will paint according to the direction the price is currently moving in, which is a great way to help reduce anxiety while watching the candles bounce back and forth.
HOW TO USE
It has Scalp Mode and Swing Mode. Both modes use the exact same price action parameters for signals, but Swing Mode will only give signals when the price action parameters are met AND the close is higher than the previous high for bull signals or when the close is lower than the previous low for bear signals.
This scalping indicator will show green up arrows when it detects bullish price action and red down arrows when it detects bearish price action. It will show a yellow arrow if the bullish/bearish price action conditions are met, but it detects a candle pattern that may be a weak signal such as small candle body, large wicks, etc. When this happens, make sure to wait for the next candle to show confirming price action before following the signal. You can also turn the signals off and use only the candle coloring if you prefer cleaner charts.
You can change the candle colors it uses within the input settings, as well as the color of the signal arrows to suit your preferences. You can also turn off the candle coloring if you prefer normal candles. If you are using the indicator’s candle coloring, make sure you go to your chart settings(gear icon top right) and in the symbol tab, turn off body, borders and wick for this to show up properly.
This scalper also includes alerts for bull and bear signals that can be set to alert you on any market and timeframe.
SCANNER
We also made a higher timeframe scanner that uses this same price action formula and shows you if higher timeframes are currently bullish or bearish in real time. It’s titled Higher Timeframe Price Action Scanner and can be found on our profile. I strongly recommend using both of these together to get an idea of the overall trend on longer timeframes. You can also use two of the scanners and set them to two tickers that move together or opposite of each other(like SQQQ and TQQQ) for even more market insight on your ticker's immediate direction.
MARKETS
This 1 Minute Scalping Indicator works well on any market such as stocks, crypto, forex, futures, etc.
TIMEFRAMES
This indicator is designed for scalping on the 1 Minute timeframe, but it works well on all timeframes, since it is using price action to give signals.
TIPS FOR BEST RESULTS
We recommend pairing this indicator with another support & resistance or moving average combo to find great entry areas and use the price action signals as confirmation when price bounces off of those areas. We also recommend using the Higher Timeframe Price Action Scanner with this so you can see the overall trend of higher timeframes on your chart and trade in the direction of the trend.
Scalp Mode
Swing Mode
Candle Coloring Only - No Signals - Scalp Mode
Candle Coloring Only - No Signals - Swing Mode
Gedhusek UltraTrendThis indicator serves a purpose of a trend recognizer. It is able to tell you whether the market is bullish, bearish or if the price goes sideways.
Process of determining the trend:
- The indicator uses 3 moving averages to determine the trend
- For each of these averages, there is calculated value change over a certain period. So, if the value of Moving average was 100 and now it is 110, the change is going to be +10
- After these calculations are done, all three of these values are summed up into one
- Based on this value we can determine whether the overall sentiment is bullish or bearish (if the value is larger than 0, the sentiment is bullish and if it is bellow 0, it is bearish)
- One more metric is used when determining the overall trend, and that is the ATR indicator. This indicator represents a certain movement threshold that has to be surpassed in order to have a valid trend
- So all of this can be summed up into this -> if the summed up value of the value shift of 3 moving averages over certain period is larger than ATR value for certain period, the trend is considered as bullish and if this summed up value is lower than ATR value *-1, the trend is considered as bearish. In case the summed value is smaller than ATR value and larger than ATR value *-1, there is no trend.
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How to use the Indicator:
- The indicator should be used as a tool for giving you a generic feel about the current trend
- It is not a signal providing system
- It can be adjusted for any trading style by changing the Periods in input menu. (As the values are lower, it will give you more short time trend and vice versa)
- It is a great tool to combine with any trend following strategy
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Which markets and TimeFrame:
- The UltraTrend Indicator works on all of the markets and all of the TF
- I usually use it on 15min and 1H TF, but that is solely my preference
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Inputs:
First Period = Period of the first MA
Second Period = Period of the second MA
Third Period = Period of the third MA
ATR Period = Period of the ATR
