Fixed price Stop Loss [Takazudo]This strategy is a demo for fixed price stop loss.
This strategy enables you to specify fixed price stop loss. Let's say your deposit is USD. When you trade EURCAD, you need to specify the quantity for trade. Here comes three chances for trade.
A: SL pips: 500
B: SL pips: 200
C: SL pips: 100
In these trade, the risk is different for each. ABC risk ratio is 5:2:1. And, you cannot know how much to lose if the price hits the stop loss. This is a huge problem.
With this strategy, You can specify the fixed risk price for each trade. If you specify 100 USD for the risk, this strategy calculates how much quantity to buy or sell for each entry. In the case above, this strategy guides you how much quantity to buy or sell like below.
A: 2,000 qty (SL: 500pips)
B: 5,000 qty (SL: 200pips)
C: 10,000 qty (SL: 100pips)
If you make entries with those quantity and the price hits the stop loss, You will lose the money like below.
A: 100 USD
B: 100 USD
C: 100 USD
This is what this script does. Fixed price SL.
I tested this caliculation for OANDA's main 28 currency pairs forex listed below.
AUDUSD, EURUSD, GBPUSD, NZDUSD, USDCAD, USDCHF, USDJPY, AUDCAD, AUDCHF, AUDJPY, AUDNZD, CADCHF, CADJPY, CHFJPY, EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, EURNZD, GBPAUD, GBPCAD, GBPCHF, GBPJPY, GBPNZD, NZDCAD, NZDCHF, NZDJPY
I may add more pairs later.
Note: The entry strategy in this script is not intented to win. Check the result. Be careful.
Cerca negli script per "entry"
Basic SMA 200 StrategyThe SMA 200 basic strategy will be more than familiar to most traders.
This strategy is to stay with the programming language so to say the "Hello World" of trading.
The SMA 200 basic strategy is also one of the simplest strategies in trading. All that is required is the price and a 200 period moving average. Usually the strategy is used in the daily chart.
The rules are as follows:
Entry: A position is opened when the price crosses the moving average 200 from the bottom to the top.
Exit: The position is closed when the price crosses the moving average from top to bottom.
This is a trend following system and was originally used for trading stocks.
In my opinion, trading with the strategy is recommended to every beginner. There are strategies with better performance, but they are much more complicated to implement. And that's where the big advantage of the strategy can be seen.
Beginners are more than overwhelmed at the beginning of their trading career. Often beginners trade in the 5 min chart with 6 different indicators some signals that they have seen in a Youtube video.
Comparable to a beginner driver who immediately gets into a Porsche as his first car.
Beginners should follow simple rules and avoid intraday charts. Above all, you should do the actual work of a trader.A trader does not just press the mouse twenty times a day and then has easily earned 2000 $. A trader tests systems down to the smallest detail, optimizes and tests again, until he has found an almost " waterproof " trading system. The 200 SMA basic strategy is excellent for gaining experience, learning to follow the rules of a system and not to burn your money right away.
With this script you can test how successful the "simplest strategy in the world" would have been in the past.
Small tip: Do not trade Forex with it it will never work. The strategy is made for long trends and you can find them for example in the stock market.
Have fun with it! About a positive feedback I would be very happy of course.
Pin Bar CandlesPinbar Identification.
One must apply Fibonacchi extension 0,0.5,1,2, 3, 4.
0 being SL
1 Being Entry
0.5 Being 2nd Entry.
4 Being target.
Use this to enter trade near crucial levels only.
Crypto Long only Strategy 3h+ timeframeToday I bring another crypto strategy that works greatly with pairs like BTCEUR, ETHEUR, for 3h+ time frames.
Its a risky strategy because we have a hard stop loss of 25% of our capital which can be modified.
The idea behind its simple, we have a candle which is made from open+high+low+close / 4 , and we make the decision based on this one.
We only go long with this strategy .
For entry: if we have 5 ascending candles we enter, and we exit when we have 4 descending candles.
For this example, I used 100% of the initial capital(1000 EUR/USD), with a commission of 0.1% per each deal.
At the same time, the max capital that can be lost in a trade is going to be the equity risk, in this example 25% .
Overall we can see that's more or less around the same level as buy and hold strategy
High/low crypto strategy with MACD/PSAR/ATR/EWaveToday I am glad to bring you another great creation of mine, this time suited for crypto markets.
MARKET
Its a high and low strategy, designed for crypto markets( btcusd , btcusdt and so on), and suited for for higher time charts : like 1hour, 4hours, 1 day and so on.
Preferably to use 1h time charts.
COMPONENTS
Higher high and lower low between different candle points
MACD with simple moving average
PSAR for uptrend and downtrend
Trenddirection made of a modified moving average and ATR
And lastly elliot wave oscillator to have an even better precision for entries and exits.
ENTRY DESCRIPTION
For entries we have : when the first condition is meet(we have a succession on higher high or lower lows), then we check the macd histogram level, then we pair that with psar for the direction of the trend, then we check the trend direction based on atr levels with MA applied on it and lastly to confirm the direction we check the level of elliot wave oscillator. If they are all on the same page we have a short or a long entry.
STATS
Its a low win percentage , we usually have between 10-20% win rate, but at the same time we use a 1:30 risk reward ratio .
By this we achieve an avg profit factor between 1.5- 2.5 between different currencies.
RISK MANAGEMENT
In this example, the stop loss is 0.5% of the price fluctuation ( 10.000 -> 9950 our sl), and tp is 15% (10.000 - > 11500).
In this example also we use a 100.000 capital account, risking 5% on each trade, but since its underleveraged, we only use 5000 of that ammount on every trade. With leveraged it can be achieved better profits and of course at the same time we will encounter bigger losses.
The comission applied is 5$ and a slippage of 5 points aswell added.
For any questions or suggestions regarding the script , please let me know.
LBR 3-10 OscillatorThis is a variation of MACD popularised by Linda Bradford Raschke. Instead of the regular MACD settings, the this indicator uses simple moving averages, not exponential moving averages, and a setting of 3 for the fast MA, 10 for the slow MA and 16 for the signal line.
The signal line (red) acts as a trend indicator, with crossings of the zero line indicating trend changes, while the MACD line (blue) acts as a short term momentum indicator.
Setups:
- First cross: This is basically selling or buying at the first pullback after a trend change. Buy or sell after the signal line has crossed the zero line and the MACD crosses the signal line for the first time after the trend change. Use price action to time the entry after the pullback — you don't need to wait for the MACD to cross the signal line again.
- Pullback in a trend: The MACD crosses the signal line in the opposite direction of the trend irregardless of when the trend change occurred. Use price action to time the entry.
- Divergence: The MACD line shows a pattern diverging form price (e.g. makes higher lows whereas price makes lower lows). This can be an indication of trend reversal or waning.
In the indicator's input panel there is an option for showing standard deviation bands (turned off by default). MACD line crossing the standard deviation bands can indicate oversold and overbought conditions.
The indicator comes with the following alerts:
- First cross downtrend
- First cross uptrend
- Pullback in downtrend
- Pullback in uptrend
- Trend change down
- Trend change up
Sources:
lindaraschke.net
www.netpicks.com
Automated - Fibs with Limit only ordersAutomated - Fibs with Limit only orders
This script was designed to demonstrate how you can use a single alert to move your limit orders around.
It is not meant to be traded live and has been built to work with Binance Futures Testnet.
You will notice a lot of plots with 5 different titles.
New = Place your limit buy at a fixed-price.
Move = Cancel the current limit buy and place it at the new fixed-price.
Filled = Cancel any limit closes and places them anew based on the new average and take profit.
Cancel = Cancels exisiting limit buys.
Cloes All = Limit close filled, no commands necessary.
The default quantity in the command is the minimum order size on Binance.
Settings
Live
- If enabled it will only place trades after the "Stat Timestamp + Start Delay" that you provide.
Start Timestamp
- Use something similar to epochconverter to get the current timestamp.
Start Delay
- Gives you 1 minute by default to start the script and create your alert before it begins looking for a new entry.
Leverage
- Default 1. Affects the "Take Profit and DCA When" Settings.
Take Profit %
- This is the percentage above the current average you'd like to place your position close at.
DCA When %
- The percentage below your last entry that you're willing to buy again.
Note: This strategy has no stop-loss and pyramiding is enabled. It is not built for, or recommended to run live.
I hope this opens some doors and helps advance your personal trading system.
Good luck and happy scripting!
Original Bravo SwingThe Bravo Swing is based on the methods taught by YouTube celebrity J Bravo.
It uses the 9 day moving average as a base for selecting optimal entry and exit points.
Buy indicator:
A full candle closing above the 9 day moving average generally indicates a bullish signal for an entry.
If conditions are right, this can be seen as a great opportunity to buy.
Sell indicator:
If the candles continue to close above the 9 day moving average, the trend appears to remain bullish.
However, an exit is to be considered once a candle closes below the 9 day moving average, as this indicates a bearish signal may be approaching.
If you you're feeling confident about the uptrend continuing and choose to ignore the exit signal, a candle close below the 20 day exponential moving average should be used as a definite exit point.
Options:
Color code option to display the 180 day moving average in gray during downtrends and white during an uptrend.
The 50 day moving average can be turned on to help better visualize conflicting trends.
Histogram - Price Action - Dy CalculatorThis script aims to help users of Price Action robot, for Smarttbot (brazilian site that automates Brazilian market (B3)).
You can use on any symbol.
The script will follow price action principles. It will calculate the absolute value of last candle and compare with actual candle. Colors are:
- Red - If the actual candle absolute value is higher than previous one, and the price is lower than last candle. It would be a short entry.
- Blue - If the actual candle absolute value is higher than previous one, and the price is higher than last candle. It would be a long entry.
- Black - The actual candle absolute value is lower than previous one, so there is no entry.
If there is a candle that is higher than previous one, and both high and low values are outside boundaries of previous one, it will calculate which boundary is bigger and will apply the collor accordingly.
Average True Range BandsAverage True Range Bands
The 30-day Average True Range is useful in Futures and Forex trading for placing stop orders for entry.
In the example above, a trader may want to initiate a Short position on a break below the support trendline.
A good place to enter this trade would be a price break below the support trendline minus 50 to 100% of the current ATR value.
ATR Bands provides a useful visual overlay of the current ATR value above and below the current price to speed up order entry decisions.
Study for Squeeze Momentum Indicator [LazyBear]This study is based on LazyBear Squeeze Momentum Indicator and my strategy developed using it.
I added some custom feature and filters.
Main improvements are:
1- study is updated to version 4 of pine script;
2- I added alerts for entry rules and exit rules.
3- Alert syntax can be customized for webhooks: I added one example only for long entry.
You can customize a lot of features to get a profitable strategy.
Here is a link to original study.
Please use comment section for any feedback.
Volatility Traders Minds Strategy (VTM Strategy)Volatility Traders Minds Strategy (VTM Strategy)
I found this startegy on internet, with a video explaingin how it works.
Conditions for entry:
1 - Candles must to be above or bellow the 48 MA (Yellow line)
2 - Candles must to break the middle of bollinger bands
3 - Macd must to be above or bellow zero level;
4 - ADX must to be above 25 level
Credits to who developed this startegy (google it).
Thanks to all pinescripters mentined in the code for their snippets.
It could be improved with stop loss based on ATR etc.
I have also a study with alerts.
Please use comment section for any feedback or contact me if you need support.
DW-RSI EMA with EMA of RSIThis is an RSI Oscillator with an EMA of the RSI for a signal line. The RSI line is Green when above the signal line and Red when below the signal line.
This does not use the traditional 30% / 70% over sold / over bought analysis. Therefore the levels are not shown.
The analysis is this:
When the RSI is above the signal line then price has a bullish bias.
When the RSI is below the signal line then price has a bearish bias.
I wrote use this for Forex Spot Currencies where I feel overbought and oversold may be less valid than it may be in other markets such as stocks.
As with all indicators, do not use as your sole reason to enter the market, but use with other indicators or price action signals to get a confluence of signals to confirm your entry.
I use it with an 8, 21 and 50 EMA to confirm entry and exit. I give it more weight for exits than I do for entries.
Easy to Use Stochastic + RSI StrategyA simple strategy that yields some great results.
CODE VARIABLES
LINE 2 - Here you can change your currency and amount you want to invest on each entry.
LINE 10/11/12 - Here we establish what date we want to start backtesting from. Simply change the defval on each line to change the date (In the code below we start on Jan 1st, 2014).
LINES 19 through 27 - Here we set our Stochastic and RSI sensitivity (Currently %K = 14, %D = 3, RSI = 14). Change these to your preference.
LINE 39/41 - Here we execute our orders (Currently set when %K crosses %D under the 20 value and RSI is less than 50 to BUY, %K crosses %D above the 80 value and RSI is greater than 60 to SELL). Change these to your preference.
NOTE: As a beginner you may not want to short stock, therefore LINE 6 was added to only allow long positions.
I didn't overlay the RSI value over the Stochastics because it was too cluttered. Just add the RSI indictor seperately to your layout.
As always, couple this with trend following and exit/entry rules to make the profitability even higher!
Cheers!
Easy to Use 50/100/200 Day Moving Average StrategyWhenever you see someone publish a chart or idea, what's the one thing you almost always see? Moving Averages!
Many investors focus on these indictors solely as entry and exit points, so here's an easy to manipulate strategy to backtest and see if this is feasible on your security.
CODE VARIABLES
LINE 2 - Here you can change your currency and amount you want to invest on each entry.
LINE 8/9/10 - Here we establish the 50 (Fast), 100 (Medium) and 200 (Slow) day variables. These can be adjusted to your choosing.
LINE 13/14/15 - Here we establish what date we want to start backtesting from. Simple change the defval on each line to change the date (In the code below we start on Jan 1st, 2010).
LINE 20/23 - Here, within the crossover and crossunder functions, we set which MA's must cross to enter and exit a trade. Below we have the 50 day moving above and under the 200 day. Simple change the variables to FastMA, MediumMA and SlowMA to your choosing.
NOTE: As a beginner you may not want to short stock, therefore LINE 5 was added to only allow long positions.
Hope this helps, from one beginner to another.
Cheers!
PPO Divergence and Aggregate Signal ComboThis is a further development of the last two posts on aggregated signal generation. It shows how to implement the idea in conjunction with another indicator. In this case general rule for long and short entry: the aggregated curve (gray) must cross the mid-line. Colored columns serve as an early warning. Settings were tested with EURUSD in 5m, 30m and 1H TFs.
On Balance Volume +This is the standard On Balance Volume indicator, with the addition of four things:
10-SMA
20-SMA
100-SMA
Bollinger Bands
I have found intriguing and surprising results with this indicator.
I often see OBV bouncing off of the Moving Average lines, much like support and resistance points.
More interesting is the fact that it "obeys" the bollinger bands. Often times, if OBV sneaks outside of the Bollinger Band, it will almost always correct and get back in the next day.
I would recommend that you find your own method, and PLEASE post in the comments as to how you use this, but I'll tell you
How I use this indicator:
I usually use this on the daily view. I tend to wait until OBV has moved above the red 20-Day SMA before considering an entry. Below that doesn't show enough positive volume for me to identify enough interest in the security. Once it breaks the red SMA, I'll look at other indicators for confirmation. If price is above the Bollinger Band up above, and my OBV is above Bollinger Band, I will not buy. Also, if MACD is dropping, or if the Stochastic RSI is pegged out in overbought land, I won't buy that either.
If, however, I'm seeing good stuff from Stochastic RSI, RSI, MACD, and price BB, then I'll take a long entry at that OBV + 20SMA crossover.
If I'm in a long position and I see a few signals like the OBV is above the BB, and price is above BB, and StochRSI or RSI are in/near overbought land, I'll often sell that day, expecting a pullback on price.
I really like this one, it's been quite helpful in my trading. This is my first venture into using Volume for trading, and it's been good so far.
Leave me a note in the comments to tell me how it goes and how you use this thing!
Understanding contract sizes in a strategyThis simple strat fires up on green bars, down on red bars. cannot get any simpler. So, it's a good example to check how returns are calculated.
First, the internal firing mechanism for the strategy.entry function is something hardcore. As result, the entry points can be confusing, and seem to appear in a wrong bar (as the 2nd and 3rd signals are good examples), but i'll put that aside to keep it simple. And, because i don't yet get it myself ;)
The example is simple, so that numbers can be followed easy. Chart in BTC/USD, so USD is the "base" currency used by strat to calculate. A contract/unit is the value of 1 unit in base currency. 1 Apple share is 600$, 1 bitcoin is 600$, 1 oz gold is 1330 bucks. So, here in each bar, the value of 1 contract is the value of the BTC in USD. simple as that.
The strat properties, can be passed as input fields (line 2) or accessed/changed in the right click->properties pop-up. To make it easier, initial capital is 1000 bucks, and "order size" is 1 contract. This means that the strat will open a position of 1 BTC when it fires. Value "Initial capital" makes no difference at all, at least with these choices. It's just for show. Try to put 1$ and 1 contract, the strat will still trade anyway. It manages to trade 1 contract(or BTC) values at ~600$, with a single dollar. nice ;)
Check the chart. see the little blue "BarUp +1" ? that's it, strat goes long 1 BTC. there's a little blue triangle on the bar, points to the value of entry.
Then later, on second move, the "BarDn -2", the strat goes short 2BTC. 1BTC to close the long +1 more to open a short.
The profit here is the difference between the value of the long opening and the long closing. The extra BTC (shorted) is part of the next position. Since this dumb strat just reverses the direction, there are always +2, -2 , +2.... 1 to close previous position, 1 to open another. At the strategy tester tab, the option "list of trades" shows in details each of the moves
Checking each move and comparing what we see with the chart itself helps to achieve ilumination :)
Bonus feature: as soon as you get it, try to increase the option "pyramiding" and see how the strat adds more contracts, and how it reverses the positions. sometimes it even makes sense!!!! :)
Ichimoku-Hausky_v2.1Made a little update to my trading system. This system is made so that you can easily follow the trend and know when to get out. You still have to know basic market structure to find a good entry.
NB!! I see that i placed the entry wrong on the example, you have too wait for the EMA to go below the MA :)
I have posted the right one at the bottom.
Take profit can be set at last low or you can use trail stop on the EMA, MA, Kijun-sen or Tenkan-sen.
Example rules:
Buy:
IF Market is in a trend or are possibly close to break out of range
THEN see if price has closed above cloud
IF price has closed above cloud
THEN see if EMA has crossed above MA
IF EMA has crossed above MA
THEN buy or wait for pullback
Sell:
IF Market is in a trend or are possibly close to break out of range
THEN see if price has closed below cloud
IF price has closed below cloud
THEN see if EMA has crossed below MA
IF EMA has crossed below MA
THEN buy or wait for pullback
Vervoort Heiken-Ashi LongTerm Candlestick Oscillator [LazyBear]HACOLT (Heikin Ashi Candles Oscillator Long Term) is a technical indicator designed by Sylvain Vervoort. It is based on Mr.Vervoort's other indicator, HACO (Heikin-Ashi Candles Oscillator - posted here: ).
Optimized for long-term trading, HACOLT shows three levels: -1, 0 and 1. These levels suggest "an open short position", "no open position", and "an open long position", respectively. Passing from a certain level to another is viewed as a trading signal:
- Rising from -1 or 0 to 1 suggests a Long Entry and Short exit;
- Falling from 1 to 0 or -1 suggests a Long Exit;
- Falling from 1 or 0 to -1 indicates a Short Entry.
Fits in nicely with any trading setup as a confirmation indicator
More info:
- tlc.thinkorswim.com
- www.motivewave.com
List of my other indicators:
- GDoc: docs.google.com
- Chart:
LANZ Strategy 2.0🔷 LANZ Strategy 2.0 — London Breakout Confirmation with Structural Swing Protection
LANZ Strategy 2.0 is a structured trading system that leverages the last confirmed market direction before the London session to define directional bias and manage trades based on key structural swing levels. It is tailored for intraday traders looking to capitalize on early London volatility with built-in risk management and visual clarity.
🧠 Core Components:
Directional Confirmation (Pre-London Bias): Validates the last breakout or structural move from the 15-minute timeframe before 02:15 a.m. New York time (start of the London session), establishing the expected market direction.
Time-Based Execution: Executes potential entries strictly at 02:15 a.m. NY time, using market structure to support Long or Short bias.
Dynamic Swing-Based SL System: Allows user to select between three SL protection models: First Swing (most recent structural point) Second Swing (prior level) Total Coverage (includes both swings + extra buffer) This supports flexibility based on trader profile or market conditions.
Visual Risk Mapping: All SL and TP levels are clearly plotted.
End-of-Session Management: Positions are automatically evaluated for closure at 11:45 a.m. NY time. SL, TP, or manual close outcomes are labeled accordingly.
📊 Visual Features:
Labels for 1st and 2nd swing levels upon entry.
Dynamic lines projecting SL/TP levels toward the end of the session.
Session background coloring for Pre-London, Execution, and NY sessions.
Real-time percentage outcome labels (+2.00%, -1.00%, or net % at session end).
Automatic deletion of previous visuals on new entries for clean charting.
⚙️ How It Works:
Detects last structural breakout on the 15m timeframe before 02:15 a.m. NY.
On the 02:15 a.m. candle, executes a Long or Short logic entry.
Plots corresponding SL and TP based on selected swing model.
Monitors price action: If TP or SL is hit, labels it accordingly. If no exit is hit, trade closes manually at 11:45 a.m. NY with net result shown.
Optional logic to reverse entries if market structure breaks before execution.
🔔 Alerts:
Daily execution alert at 02:15 a.m. NY (prompting manual review or action).
Optional alert logic can be extended for SL/TP hits or structure breaks.
📝 Notes:
Designed for semi-automated or discretionary intraday trading.
Best used on Forex pairs or indices with strong London session behavior.
Adjustable parameters include session hours, swing SL type, and buffer settings.
Credits:
Developed by LANZ, this script combines time-based execution with dynamic structure protection, offering a disciplined framework for participating in the London session breakout with clear visuals and risk logic.
Price Lag Factor (PLF)📊 Price Lag Factor (PLF) for Crypto Traders: A Comprehensive Breakdown
The Price Lag Factor (PLF) is a momentum indicator designed to identify overextended price movements and gauge market momentum. It is particularly optimized for the crypto market, which is known for its high volatility and rapid trend shifts.
🔎 What is the Price Lag Factor (PLF)?
The PLF measures the difference between long-term and short-term price momentum and scales it dynamically based on recent volatility. This helps traders identify when the market might be overbought or oversold while filtering out noise.
The formula used in the PLF calculation is:
PLF = (Z-Long - Z-Short) / Stdev(PLF)
Where:
Z-long: Z-score of the long-term moving average (50-period by default).
Z-short: Z-score of the short-term moving average (14-period by default).
Stdev(PLF): Standard deviation of the PLF over a longer period (50-period by default).
🧠 How to Interpret the PLF:
1. Trend Direction:
Positive PLF (Green Bars): Indicates bullish momentum. The long-term trend is up, and short-term movements are confirming it.
Negative PLF (Red Bars): Indicates bearish momentum. The long-term trend is down, and short-term movements are consistent with it.
2. Momentum Strength:
PLF near Zero (±0.5): Low momentum; trend direction is not strong.
PLF between ±1 and ±2: Moderate momentum, indicating that the market is moving with strength but not in an overextended state.
PLF beyond ±2: High momentum (overbought/oversold), indicating potential trend exhaustion and a possible reversal.
📈 Trading Strategies:
1. Trend Following:
Bullish Signal:
Enter long when PLF crosses above 0 and remains green.
Confirm with other indicators like RSI or MACD to reduce false signals.
Bearish Signal:
Enter short when PLF crosses below 0 and remains red.
Use trend confirmation (e.g., moving average crossover) for better accuracy.
2. Reversal Trading:
Overbought Signal:
If PLF rises above +2, look for signs of bearish divergence or a reversal pattern to consider a short entry.
Oversold Signal:
If PLF falls below -2, watch for bullish divergence or a support bounce to consider a long entry.
3. Momentum Divergence:
Bullish Divergence:
Price makes a lower low while PLF makes a higher low.
Indicates weakening bearish momentum and a potential bullish reversal.
Bearish Divergence:
Price makes a higher high while PLF makes a lower high.
Signals weakening bullish momentum and a potential bearish reversal.
💡 Best Practices:
Combine with Volume:
Volume spikes during high PLF readings can confirm trend continuation.
Low volume during PLF extremes may hint at false breakouts.
Watch for Extreme Levels:
PLF beyond ±2 suggests overextended price action. Use caution when entering new positions.
Confirm with Other Indicators:
Use with Relative Strength Index (RSI) or Bollinger Bands to get a better sense of overbought/oversold conditions.
Overlay with a moving average to gauge trend consistency.
🚀 Why the PLF Works for Crypto:
Crypto markets are highly volatile and prone to rapid trend changes. The PLF's adaptive scaling ensures it remains relevant regardless of market conditions.
It highlights momentum shifts more accurately than static indicators because it accounts for changing volatility in its calculation.
🚨 Disclaimer for Traders Using the Price Lag Factor (PLF) Indicator:
The Price Lag Factor (PLF) indicator is designed as a technical analysis tool to gauge momentum and identify potential overbought or oversold conditions. However, it should not be relied upon as a sole decision-making factor for trading or investing.
Important Points to Consider:
Market Risk: Trading cryptocurrencies and other financial assets involves significant risk. The PLF may not accurately predict future price movements, especially during unexpected market events.
Indicator Limitations: No technical indicator, including the PLF, is infallible. False signals can occur, particularly in low-volume or highly volatile conditions.
Supplementary Analysis: Always combine PLF insights with other technical indicators, fundamental analysis, and risk management strategies to make informed decisions.
Personal Judgment: Traders should use their own discretion when interpreting PLF signals and never trade based solely on this indicator.
No Guarantees: The PLF is designed for educational and informational purposes only. Past performance is not indicative of future results.
Always perform thorough research and consider consulting with a professional financial advisor before making any trading decisions.
TrendCraft ICT SwiftEdge// The TrendCraft ICT SwiftEdge is a trend-following indicator that combines Simple Moving Averages (SMAs) with Inner Circle Trader (ICT) concepts, specifically Break of Structure (BOS) and Market Structure Shift (MSS), to generate precise buy and sell signals. This unique mashup leverages the strengths of trend confirmation through SMAs and market structure analysis via ICT to help traders identify high-probability trend entries. The indicator is designed to be intuitive, customizable, and suitable for traders of all levels seeking to align with market trends on various timeframes.
//
// ### What It Does
// The indicator plots two SMAs based on the high and low prices of candles to define the trend direction. It colors the SMAs and fills the area between them to visually indicate whether the price is in a bullish (above both SMAs), bearish (below both SMAs), or neutral (between SMAs) state. Simultaneously, it identifies BOS and MSS levels on a user-defined higher timeframe to confirm trend continuation or reversal points. Buy and sell signals are generated when the price closes above/below the latest BOS or MSS level (based on user preference) while also being correctly positioned relative to the SMAs, ensuring alignment with the trend.
//
// ### Why Combine SMAs and ICT?
// SMAs provide a reliable way to gauge trend direction by smoothing price data, but they can lag or generate false signals in choppy markets. ICT's BOS and MSS concepts address this by focusing on key market structure breaks, offering context for significant price movements. By requiring price to close beyond a BOS or MSS level and align with the SMA-defined trend, the TrendCraft ICT SwiftEdge filters out noise and enhances signal reliability. This combination creates a robust system that balances trend-following simplicity with structural market insights, making it ideal for trend traders.
//
// ### How to Use
// 1. **SMA Length**: Adjust the `SMA Length` (default: 20) to control the sensitivity of the SMAs. Shorter lengths react faster to price changes, while longer lengths provide smoother trends.
// 2. **Structure Timeframe**: Set the `Structure Timeframe` to a higher timeframe (e.g., "1H" on a 15M chart) to calculate BOS and MSS levels. This ensures structural signals are based on significant market moves.
// 3. **Chart Timeframe**: Select the `Chart Timeframe` to optimize pivot point calculations for your current chart (e.g., "30M" for a 30-minute chart).
// 4. **Signal Type**: Choose between "BOS" (default) for signals based on trend continuation breaks or "MSS" for signals based on potential reversal points (breakers).
// 5. **Display Options**: Enable/disable `Show Continuation (BOS)` and `Show Breaker (MSS)` to toggle the visibility of BOS and MSS lines. Customize their colors for better chart clarity.
//
// ### Signals
// - **Buy Signal**: Appears when the close price crosses above the latest BOS or MSS level (based on Signal Type) and is above both SMAs, indicating a bullish trend entry. Marked with a green "Buy" label.
// - **Sell Signal**: Appears when the close price crosses below the latest BOS or MSS level (based on Signal Type) and is below both SMAs, indicating a bearish trend entry. Marked with a red "Sell" label.
//
// ### Originality
// The TrendCraft ICT SwiftEdge stands out by integrating the trend-following reliability of SMAs with the structural precision of ICT's BOS and MSS. Unlike standalone SMA or ICT indicators, this script requires both trend alignment and structural confirmation, reducing false signals. The user-selectable Signal Type (BOS or MSS) adds versatility, allowing traders to adapt the indicator to trend-following or counter-trend strategies. Its dynamic timeframe adjustments and visual clarity make it a unique tool for traders seeking to capture trend entries with confidence.
//
// ### Notes
// - Ensure the `Structure Timeframe` is higher than your chart timeframe to avoid calculation issues.
// - Signals are generated only when the trend state changes to avoid redundant signals in the same trend direction.
// - Past performance is not indicative of future results. Always combine this indicator with other analysis and risk management techniques.
