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.
Cerca negli script per "entry"
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.
DI+ and ACThis script utilizes the Directional Movement Plus from the Directional Movement Index and Accelerator Oscillator (developed by Bill Williams to be based off of the Awesome Oscillator ) indicator to determine an entry signal. When the DI+ goes to a low value (<= 10), there is a high probability that a downtrend reversal may occur. The Accelerator Oscillator ( AC ) is used to compliment this theory by looking at the strength of the trend. As the AC shows weakening downtrend acceleration, we can confirm a potentional long entry.
MXKE | Swing Trader AssistIntroduction
Swing Trader Assist indicator is designed to assist in the systematic identification of Hammers & Lookback signals within Uptrending markets, Stars & Lookback signals within Downtrending markets, and Mean Reversion signals within Sideways markets. The trader must first identify a strong market trend, then apply the indicator. Application of the indicator to weak trends will render equally weak signals. Application of the indicator to strong trends will render equally strong signals. Identification of strong trends is the responsibility of the individual trader and is instrumental to the successful deployment of this indicator and accompanying trading plan.
*Please comment below to request access*
*Please share with me on Twitter your usage and/or ideas for improvement so that I may improve this indicator in the future*
Market Types
Uptrend: Higher highs + Higher lows
Downtrend: Lower highs + Lower lows
Sideways: Higher highs + Lower lows (Expanding Range) or Lower highs + Higher lows (Narrowing Range)
Position Sizing
1R = .25%-2% of total nominal capital dependent upon timeframe and risk appetite
Order Types
Entry: Buy Stop 1 tick above High of “Up” Signal Bars; Sell Stop 1 tick below Low of “Down” Signal Bars
Stop: Bar Close <= 1 tick below Low of “Up” Signal Bar; Bar Close >= 1 tick above High of “Down” Signal Bar
Profit Target: 1.5R distance from “Up” or “Down” fill level with the option to trail stop on each new swing high/low; Bollinger Band Midline minimum 1.5R distance from “Sideways” fill level with option to trail stop on continuation to the opposite end of the range (opposite Bollinger Band)
Trading Plan
❑ Market Type is clearly identifiable as Up, Down or Sideways
❑ Swing Trader Assist indicator is set to the corresponding Market Type: Up, Down or Sideways
❑ Position size is no more than .25%-2% of total nominal capital (based on distance from Signal Bar fill level to Signal Bar stop level as 1R)
❑ Distance from Signal Bar fill level to potential Profit Target is minimum 1.5R
❑ On Hammer or Star fill: close position into trend extension at 1.5R+ or adjust trailing stop on each new swing high/low
❑ On Mean Reversion fill: close position at midline or adjust trailing stop on each continuation to opposite end of range
Usage Notes
The indicator will display developing signals intrabar and it is therefore suggested to wait until bar close to act on any signals. “Autodetect” setting under “Market Type” is currently in beta mode. While it is designed to reveal only relevant signals within strong trends based on a series of EMAs, this setting has not been extensively tested. Use with caution.
The indicator is not meant to be a mechanical trading system. It is designed to assist the trader in objectively and systematically identifying signal bars during the execution of the below swing trading plan. It is up to the trader to determine if overall price action warrants acting upon the signal bars or not.
Case Studies
MXKE | Intraday Bull Quiet v1Introduction
This indicator is a v1.0 attempt at a coding in Pine Script the principles outlined in the video "Daytrading $RTY In Bull Quiet Regime."
The indicator 1) plots Globex high/low, first 30 min, afternoon, close (based on CME Exchange’s CT timezone); 2) identifies Hammers (defined as bodies <= 1/3 of bar’s total range and closing in the top third of bar’s total range) & Lookbacks (defined as white candle after 2+ black), 3) integrates a Swing Indicator by another user.
The indicator is not meant to be a mechanical trading system. It is designed to assist the trader in objectively and systematically identifying signal bars (Hammers & Lookbacks) during the execution of the below intraday trading plan. It is up to the trader to determine if overall price action warrants acting upon the signal bars or not.
*Please comment below to request access*
Identify Bull Quiet Market Regime
Price action on daily timeframe should visually display low-volatility uptrend (primary indicator), evidence of daily short setups failing (confirming indicator), and/or SQN 100 score of 0.6 - 1.7 (confirming indicator)
Position Sizing
1R = .25% of total nominal capital increasing to .50% on adds
Order Types
Entry: Buy Stop 1 tick above High of Signal Bar
Stop: Bar Close <= 1 tick below Low of Signal Bar
Exit: End of day or per trading plan (below)
Trading Plan
❑ For the first 30 minutes, monitor but do not trade
+ Initial market open must fall otherwise do not continue
❑ Monitor ES, NQ, RTY and YM for double or complex bottom price action
+ Place Buy Stop on white candle with long lower shadow in bottom range
❑ Once long, look for move to top of Bollinger Bands
+ Move Stop Loss to breakeven
❑ On first lookback, look to add after 2-3 black candles or white candle with long lower shadow
+ Place Stop Loss one tick below lookback Swing Low (not fill bar)
❑ If lookback turns up, this signals a trending day
+ Look to add on doji or long lower shadow candles near midline
❑ If lookback drifts sideways, this signals a range-bound day
+ Adapt to Mean Reversion strategy
❑ On fill, raise Stop Loss to one tick below Low of lookback Swing Low (not fill bar)
+ Continue to raise Stop on each subsequent Swing Low
❑ Monitor Globex Overnight High as potential resistance
+ If price rejects off Overnight High, adapt to Mean Reversion strategy
❑ Monitor closes below midline, raise stop
+ If attempt higher fails, significantly tighten stop as the trend is ending
❑ Continue to add on doji or long lower shadow candles near midline
+ Continue to raise Stop on each subsequent Swing Low
❑ In the final two hours of trading day, cease adding while continuing to tighten Stop
+ Lock in profits at close of trading day
Usage Notes
TradingView’s current rendering engine makes the window zoom maximally out due to the drawing of the vertical lines. Current workaround is to add the indicator to chart, ‘Hide’ the indicator, double click the X axis (price) to zoom back in, click and drag the X axis (price) to set a manual zoom, then ‘Show’ the indicator.
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.
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.
Diesticator Nr2.V1.0A technical oscillator (light blue line) that measures the speed of the price movement in the short term to determine whether something has been oversold or overbought. This oscillator is combined with a fast (red) and a slow line ( Dark blue).
It is a useful tool for determining the correct entry moments at the long and short positions.
Use signals:
The light blue line above the red is overbought area. Light Blue line below green is oversold area.
Dark blue line above black line is an uptrend (green background). Dark Blue line below the black line is a down trend (red background).
Buy moment is Dark blue line above black line with green dots.
Sell moment is Dark blue line under black line with red dots.
The blue dots also points of entry.
Only use it in combination with the other indicators as learned.
CFT Trend Alert - Buy & Sell SignalsCFT Trend Alert Buy Sell Signal is made to quickly identify possible trend changes. Our Indicator will post BUY & SELL signals at levels that may help you get in on a low risk entry.
This is best used with our CFT Auto Support Resistance Lines.
When you get a signal at support or resistance level you now have a Low risk entry area.
For any help please message me.
Thank You
Trend2Provide entry signals based price volume action , follow blue dots for long entries and yellow dots for short entry. Red and green bars show the strength of the trend. Exit can be initiated when strength is decreasing .
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.
TCT Combo Effect ProTCT Combo Effect Pro
1. The best spot where will the price rebound for trader to enter the best entry.
2. To prevent entry from the top.
RenkoMasterRenkoMaster is a variant of our popular TrendMaster Script with adjusted parameters. It can be used to provide confluence when determining Renko entries and exits.
Setting Up The Indicator
After purchase, open the TradingView indicator library. Under the Invite-Only Scripts section, you will see RenkoMaster. Add it to your chart. Next, you must customise your theme settings to allow RenkoMaster to take over control of your candle colours. You can find a complete set-up tutorial on our website.
Candle Colours
By default, RenkoMaster will colour your candles in black and white. White candles indicate an uptrend in an asset and the candles will not change colour until the trend has reversed and a counter-trend signal has been printed. Black candles indicate a downtrend, they will remain black until a counter-trend long signal candle has been printed.
Signal candles
A signal candle is printed when the price of an asset closes above or below the moving average cloud and the medium term trend moving average. By requiring two criteria for a single candle to print we will see a drastic reduction in the number of false signals.
The RenkoMaster entry technique further reduces the likelihood of false entries. To enter a trade we do not buy the signal block immediately. Instead, we treat the signal block as an indication that a trend change is possible. We want to see confirmation of this trend before making an entry. To enter we place a pending order a few ticks above or below the high or low of the signal block. By doing this we only enter a trade when the asset has shown a continuation in the direction of the suggested trend change.
Our Story
Founded in 2018 by IchimokuScholar and C00kie, TrendMaster is a team that produces technical analysis indicators with an emphasis on simplicity and noise reduction. We support a large community with educational content, automated market scanners and mentoring in our private chat rooms. We produce technical analysis indicators geared primarily towards the emerging Cryptocurrency asset class. We provide educational material to assist trader development and host a large online trend following community. All of our products are designed to help traders distinguish relevant information from background noise. Our indicators encourage disciplined trade management to maximise the opportunity captured while minimising losses.
IchimokuScholar
IchimokuScholar – In 2017 I retired from a career in higher education to focus on Trading. I like to trade long term trends, focusing primarily on continuation setups. I am dedicated to sharing my knowledge of trading and take great pleasure in simplifying technical analysis for newer traders.
C00kie
I started trading crypto in 2017 and immediately started coding a bunch of tools to improve my quality of life. Some definitely worked out better than others. Like to trade the higher timeframes and drawing horizontal lines on charts. I am also pretty much obligated to like cookies.
Trend MeterBullish Uptrend
To determine bullish uptrend there must beat least 2/3 green squares. This is a great predictor that a uptrend is coming.
Bearish Downtrend
To determine bearish downtrend there must beat least 2/3 red squares. This is a great predictor that a downtrend is coming.
For best results use with "Stochastic RSI + background color change" (Combined indicators)
When buy signal on "Stochastic RSI + background color change" and trend meter has a minimum of 2 green squares then this is a great buy entry.
When sell signal on "Stochastic RSI + background color change" and trend meter has a minimum of 2 red squares then this is a great sell entry
CCI PWRThis is a backtest for my CCI PWR indicator here . It works very well on a daily chart but may be useful for lower timeframes.
You can change the backtest settings to test different periods of time.
I have included a stop-loss function that will exit a trade if the price goes against the signals. The parameter is an integer that represents a %age of the current price, so for example, a value of 2 would mean a stoploss is set 2% below a long entry or 2% above a short entry.
Here is an image of ETH/BTC with the same settings.
Let me know if you find it useful!
🆓 SHI - Simple Harmonic Index by Cryptorhythms🆓 SHI - Simple Harmonic Index by Cryptorhythms
Intro
The indicator is based on Akram El Sherbini's article "Time Cycle Oscillators" published in IFTA journal 2018.
The simple harmonic index (SHI) is based on the derivations of the simple harmonic equation.
Description
The trading tactic used for the simple harmonic index is merely the centerline crossover. A buy signal is generated when the SHI line moves above the zero level to turn positive. The period of the bull cycle rises, leading to an increase in price displacement. A sell signal is generated when the SHI line crosses down the centerline to turn negative.
Alternately I provided overbought and oversold zones. With these you can use the signal line reentry to the channel as an entry or exit signal. Just keep in mind if you enter a position based on this rules and the signal line goes back into OB/OS area, you should exit as it maybe a false entry.
What I would recommend is using the 0 crossover strategy, and the OB/OS zones as potential turnaround areas.
TL:DR
Bullish signals are generated when SHI crosses over 0
Bearish signals are generated when SHI crosses under 0
I put a few example trades up on the chart.
👍 Enjoying this indicator or find it useful? Please give me a like and follow! I post crypto analysis, price action strategies and free indicators regularly.
💬 Questions? Comments? Want to get access to an entire suite of proven trading indicators? Come visit us on telegram and chat, or just soak up some knowledge. We make timely posts about the market, news, and strategy everyday. Our community isn't open only to subscribers - everyone is welcome to join.
For Trialers & Chat: t.me
BOSS EMA Trend MeterTHE BEST FOREX, BINARY OPTIONS, AND CRYPTO INDICATORS FOR TRADINGVIEW.COM
Bullish Uptrend
To determine bullish uptrend there must beat least 2 green squares on all three trend meters. This is a great predictor that a uptrend is imminent.
Bearish Downtrend
To determine bearish downtrend there must beat least 2 red squares on all three trend meters. This is a great predictor that a downtrend is imminent.
For best results use with Boss Bull/Bear Stochastic RSI
If you get a buy signal on Boss Bull/Bear Stochastic RSI and trend meter has a minimum of 2 green squares then this is a great buy/long entry.
If you get a sell signal on Boss Bull/Bear Stochastic RSI and trend meter has a minimum of 2 red squares then this is a great sell/short entry
Available at bosscripts.com
Website bosscripts.com
Swing TV Alerts for APEXI have put a collection of my favorite scripts together so that everyone can make a simple entry trading system with it.
You first have to think about using a trend filter there are several of them you can pick I would advise using at least one. After that, you select a combo of the most popular indicators on Tradingview for an exact entry. SO far my personal favorite is Godmode / Wavetrend.
Then you add alerts and either trade manually or use one of the services that allow you to put buy orders vie alerts such as Autoview / Profitview /Profit trailer or my personal favorite APEX.
I have hidden the code cause it's messy but you don't need to worry there is zero repainting.
LazyMoney V2Eliot wave convergence from the 1 min to the 4 hr in combination with indicators to give the optimal entry. To use this indicator we will wait for the Eliot waves to converge at one extreme in combination with a bar flip to ensure entry on or forks, harmonics, and fibo levels. This is only to be used in combination with our training and you MUST be a member of our team to gain access to this indicator!
ASX300 Golden Cross stock alerts (A2M-ANZ)Golden Cross happens when the SMA50 crossover the SMA200, which usually signals profitable bullish trend and good buy entry. For example, for Aurelia Metals the Golden Cross buy signal had 250% buy and hold profit in about a year.
This indicator hunts for the Golden Cross of the first 20 stocks in the ASX300 (A2M to ANZ), once it it happens the indicator plots the name of the stock that had Golden cross which could be use as entry for that stock. As you can see various stocks were plotted in the chart, those had crossedover at the time of plotting.
Due to TradingView Pinescript limitations, only 20 stocks can be watched in one indicator. Therefore 15 Golden Cross indicators are required to watch the entire ASX300.
This can also be applied to crypto coins with some adjustments in the script, so you can be alerted of the Golden Cross in crypto coins and buy bullish coins.
H/L MA setupType: trend reversals
best used on: BITSTAMP:BTCUSD
conditonal entry: conditional exit
time frame: 1day,1 week
Rules:
-the moving average indicator for trend reversal is based on the 10day MA(low) crossing the historic price of the 10day MA(high)
-best used in a volatile market with big swings
trading long: the moment btc closes above the MA(high)
trading short: the moment btc closes below the MA(low)
-confirmation Long: the moment the MA(low) crosses a previous Ma(high) bottom
confirmation Short: the moment the MA(high) drops below the high of the MA(low)
Stop loss(long):below the low of the MA(low)
Stop loss(short):above the high of the MA(high)
Crossover Strategy w/Take Profit + Trailing Stop - StudyThis script is a result of hours of trail, error and research. If something is not functioning as anticipated, please notify me with a description and possible screen shot of the issue.
The strategy is a basic crossover strategy. When MA1 crosses above MA2, it will trigger a long entry. When MA1 crosses below MA2, it will trigger a short entry.
When using the Take Profit function, the trailing stop will automatically activate at the defined TP3 level.
Also, when TP1 is hit a stop loss is set at 0.3% (this can be adjusted in settings) above/below the current entry. When TP2 is achieved, the stop will move up to the TP1 level.
If the trailing stop locks in LESS profit than the TP2 level, the stop will trigger at the TP2 level. This will continue until the trailing stop has moved to a level more advantageous than TP2.
There is a companion Alerts script for use with AutoView.
***AutoView syntax IS NOT provided***
