Momentum action rev 1Hello , thank you for checking my strategy .
This is the second indicator Momentum Action ( MA ) from my Strategy . To be useful need to be used with Price Action .
This strategy is suitable for short term trading on Crypto currency and " scalping " if this can be considered scalping when looking for 30-50-70 on Bitcoin for example. It Is good for Forex as well
Here we use two indicators called Price Action ( PA ) and Momentum Action ( MA ) . Both Indicators are available for use after personal request , i can allow trial test for 15 days period. For more details please write me PM.
Simple rules once the price drop bellow the PA indicator we have first Evidence for signal. Confirmation of the signal is coming when the Red Line from MA indicator also drop under 0 Level. ( is good 0 level to be bolt line for better and easier look ) . In Such case we have signal for Sale . The Sale / Buy Signal appear once bar is closed . If you monitoring Chart on 3H, 4H or Daily chart if you wait until full closing of the bar might be a bit late.
In this case i can suggest moving on lower time frame for finding better enter with lower stop loss.
The PA indicator have included in the code already MA indicator , but is good to have it visually attached on the chart.
The MA indicator has 2 lines .Red line is faster and more aggressive , the Blue line is slower . But Once the Red Line and the Blue line are in same direction the Price move is more powerful, the trend is accelerating. When the Blue line is bellow 0 Level and red line also drop bellow we expect stronger and longer trend
For Example signals :
When opposite way the price move across the PA indicator and goes up. In same time the Red line of MA goes from bellow to over 0 level we have confirmation for buy .
As shown on the picture.
All instruments Like Crypto / Forex / Future / commodity have different time zone activity and during some " Late Hours " or hours with slower activities the Indicators can provide falls signals.
Current setup of the Indicator PA is set to wait up 2 bars after Price drop under the indicator line and if within 2 bars we have drop over the 0 level in the MA indicator then signal appear.
This way we will try to reduce false signals.
To Avoid false signal i strongly recommend Visual Filtering as well. I mean when checking the chart and you can see that RED Line PA of is dropping bellow Zero level ,but the price is still Did not drop over the PA indicator .IF the current time is with low activity several bars can be made with small range and then drop appear, the signal will not appear as will be again the rule for 2 bars tolerance between both indicators.
in Such case to not miss any trade can check on lower time frame.
For Example here on 4H the MA red line dropped bellow 0 Level , the price still does not drop under the PA indicator line and we dont have signal for enter.
In same time we have short signal at 30 M frame
When i mention Visual filtering as well is needed i mean following. In case you have Signal on lower time frames as M5 / M15 / M30 is good to see the PA indicator line on higher Time Frame as 3H,4H or Daily as this line will serve as support or resistance and very probably small correction to hit is possible . So the signal M5 / M15 could be quick and after 2-3-4 bars you would need to close or move Stop loss on 0.
As advice for Stop Loss can be the bottom or top of the previous bar or use any other convenient and safe for you .
PA indicator allow setting alerts so you can conveniently set Alerts BUY/Sale on your favourite frames for favourite instruments and this way you can be sure not to miss good opportunity for enter .
One more hint. PA Indicators sometimes show divergences as well so will be more strong signal if you see signal and the PA line is curved same way as the signal not still straight .
as shown here :
.
I will be glad to allow trial period 15 days for testing the strategy. If you have any questions please send me message here.
Thank you for checking
Cerca negli script per "momentum"
Momentum on EMA oscillatorThis script calculates the momentum on a 2 ema oscillator.
Ema crossing often (always ?) come too late. The momentum is used to anticipate the moment where the 2 ema will cross, offering a signal to take into account.
Does not work well in a range market. Signal comes too late and is thus in opposition with the market timing.
Seeing such a trap is trivial as you won't buy if the market is slightly bear or flat.
Signals is quite good to detect the begining of a bull/bear market.
Can display some interesting divergence.
Momentum OverviewThis script simply displays the status of my preferred momentum indicator (MACD) on multiple timeframes. Simple to use and helpful for keeping in mind what momentum is doing on multiple time frames. I may consider allowing for changeable timeframes in the future, but for now this is set to selected, important timeframes.
Function : Know Sure Thing ! (KST)Firstly : Know Sure Thing, or KST , is a momentum oscillator developed by Martin Pring to make rate-of-change readings easier for traders to interpret. In a 1992 Stocks and Commodities article, Mr. Pring referred to the indicator as "Summed Rate of Change ( KST )," but the KST term stuck with technical analysts. The indicator is relatively common among technical analysts preferring momentum oscillators to make decisions.
References : Investopedia (www.investopedia.com )
Let's start :
Simply :
KST : Above point 0 means long position (positive zone), below point 0 (negative zone) means short position.
I liked this indicator more than RSI because we can evaluate the breaking points of the channels we draw on the indicator according to the regions.
Plus area (positive area), breaking the channel upwards may indicate a very strong rise, and minus area (negative area) the channel downwards may indicate a very strong fall.
As a person who is very keen to identify major trends in advance, I like the KST indicator to approach the target quickly and simply. I also find it very successful in terms of divergences.
CAUTION : This indicator has been written before many times on TV. I have no effort on it. I saved loads only for variable periods. But I have enough experience to say that you are successful in trends with KST . Nevertheless, do not use it alone, as other promoters may benefit.
For example , I divided the standard periods into 4 as in the script. With a correct adaptive period, it has the potential to contribute greatly to accurate moves! You can use with mutable variable periods. Abundant trend lines can be drawn on the indicator and divergences between price and indicator can be sought. Best regards!
Momentum Strategy Indicator by ZekisA very powerful strategy with great results that combine a multitude of indicators like Anchored Momentum, Stochastic Momentum Index, Bollinger Bands, Stochastic RSI, a formation of 3 trend indicators that forms a cloud , combinations of EMAs and a lot of condition to met for entries, TP, SL ....
Statistics for March 2019:
*320 long signals for all Binances coins paired with BTC
*208 (65%) winning trades
*108 (33.75%) losing trades
*4 (1.25%) trades still active
*total profit - 486%
*compound profit - 8750%
Time frame recommended: 4h
Conditions for Long entries:
AMOM in bullish cross/side
SMI in bullisih cross/side
Price above BB middle line
SRSI below 50 and heading upward
3x trend cloud must be green/bullish and the price needs to be above the cloud
Price must to be above EMA 400
EMA 100 must to go in an upward direction
The candle must not exceed 10% in height
(all values are preset)
SL line is calculated based on previous structure low (lowest low) from 10 candles in the past(the value can be changed)
TP line is calculated at 1:1 ratio, so at the same distance like SL is from signal, but mirrored
The background is changing when it enters in bull or bear side
Candles are colored for entries for a better view
Alerts are added for entries, TP and SL
Max candle high can be adjusted, according to the market (lower value for a market with low volatility and vice versa)
TP and SL lines calculation(previous structure low) can be adjusted, according to market conditions
(all values are preset, the strategy is ready to go)
Don't go blind with any indicator, do your research before involving real money
Enjoy!
@Zekis
Momentum Exhaustion + Swing Points ComboCombination of @Zeenobit's Swing Points and Momentum Exhaustion indicators; RSX instead of RSI from @jaggedsoft/@everget's RSX Divergences script(s).
Momentum VisualizerA colorful indicator that visually shows momentum, fast-moving average on the outside and the slower moving averages in the core. The outer moving average is to see where the outer momentum breaks below again.
Momentum MultiTimeFrame + EMA SMA SignalsThis combines multiple ideas and indicators into one script.
This can be used for all time frames minutely, daily, weekly etc.
Relies heavily on EMA(8) and EMA(15) and looks at SMA(50) and SMA(200) levels at times.
It also gives an indication of next higher level momentum (Custom Time Frame - Ideally should be next level than selected time fractal.) momentum with thick Lines and Daily (21) trend with thin lines.
There's an option to Hide/Display Exit Short labels (hidden by default). Also, an option to display/Hide Weaker Buy Signal (Enabled by default).
Exit Long (Ex-L) can't be configured to hide as each Ex-L indicator is important and will help in exiting the trade.
Roadmap:
Include Ex-L signal below EMA(3) when gap is more between EMA(8) and EMA(3)
Include Candle stick lower wicks to indicate strong Buy Signals.
Blue Dot Indicator (Dr. Wish Style)The blue dot is just telling you:
“The stock was oversold and is now bouncing (stochastic %K crossed above 20).”
That's it. It does not guarantee the bounce will continue—only that one might be starting.
So it should not be used alone to take entries.
📉 Why Earlier Blue Dots Failed in this chart before it succeeded -
In the chart (TG Therapeutics), earlier blue dots:
Happened during sideways consolidation
Had no follow-through volume or momentum
Were below or near flat moving averages
Had no breakout of prior swing highs
Hence, they were low-probability setups.
So what you should do -
Practical Rule You Can Try
✅ Only act on a blue dot when price closes above previous swing high, and is above rising 50 SMA or 21 EMA.
🛑 Avoid blue dots during consolidation or if price is below moving averages.
Momentum Histogram Dual LengthEste indicador ayuda a detectar cuando el momentum se pone lento o cuando se acelera
Institutional Composite Moving Average (ICMA) [Volume Vigilante]Institutional Composite Moving Average (ICMA)
The Next Evolution of Moving Averages — Built for Real Traders.
ICMA blends the strength of four powerful averages (SMA, EMA, WMA, HMA) into a single ultra-responsive, ultra-smooth signal.
It reacts faster than traditional MAs while filtering out noise, giving you clean trend direction with minimal lag.
🔹 Key Features:
• Faster reaction than SMA, EMA, or WMA individually
• Smoother and more stable than raw HMA
• Naturally adapts across trend, momentum, and consolidation conditions
• Zero gimmicks. Zero repainting. Full institutional quality.
🔹 Designed For:
• Scalping
• Swing trading
• Signal engines
• Algorithmic systems
📎 How to Use:
• Overlay it on any chart
• Fine-tune the length per timeframe
• Combine with your entries/exits for maximum edge
Created by Volume Vigilante 🧬 — Delivering Real-World Trading Tools.
Volume Flow RatioVolume Flow Ratio (VFR) Indicator
Overview
The Volume Flow Ratio (VFR) is a sophisticated volume analysis tool that measures current trading volume relative to the maximum volume of the previous period. Unlike traditional volume indicators that show raw volume or simple moving averages, VFR provides context by comparing current activity to recent maximum activity levels.
Core Features
1. Split Period Analysis
- Multiple Timeframe Options:
- Daily: Compares to previous day's maximum
- Weekly: Week-to-week comparison
- NYSE Weekly: Specialized for stock market trading (Monday-Friday only)
- Monthly: Month-to-month analysis
- Quarterly: Quarter-to-quarter perspective
- Yearly: Year-over-year volume comparison
2. Ratio-Based Measurement
- Displays volume as a ratio (0 to 1+) rather than raw numbers
- 1.0 represents volume equal to previous period's maximum
- Example: If previous max was 50,000 contracts:
- Current volume of 25,000 shows as 0.5
- Current volume of 75,000 shows as 1.5
3. Triple Coloring Modes
- Moving Average Based:
- Compares current ratio to its moving average
- Customizable MA period
- Green: Above MA (higher than average activity)
- Red: Below MA (lower than average activity)
- Previous Candle Comparison:
- Simple increase/decrease from previous bar
- Green: Higher than previous bar
- Red: Lower than previous bar
- Candle Color Based:
- Syncs with price action
- Green: Bullish candles (close > open)
- Red: Bearish candles (close < open)
Primary Use Cases
1. Volume Profile Analysis
- Perfect for traders who need to understand when markets are most active
- Helps identify unusual volume spikes relative to recent history
- Useful for timing entries and exits based on market participation
2. Market Activity Traders
Ideal for traders who:
- Need to identify high-liquidity periods
- Want to avoid low-volume periods
- Look for volume breakouts or divergences
- Trade based on institutional participation levels
3. Mean Reversion Traders
Helps identify:
- Overextended volume conditions (potential reversals)
- Volume exhaustion points
- Return to normal volume levels after spikes
4. Momentum Traders
Useful for:
- Confirming trend strength through volume
- Identifying potential trend exhaustion
- Validating breakouts with volume confirmation
Advantages Over Traditional Volume Indicators
1. Contextual Analysis
- Shows relative strength rather than raw numbers
- Easier to compare across different time periods
- Automatically adjusts to changing market conditions
2. Period-Specific Insights
- Respects natural market cycles (daily, weekly, monthly)
- Special handling for NYSE trading days
- Eliminates weekend noise in stock market analysis
3. Flexible Visualization
- Three distinct coloring methods for different trading styles
- Clear reference line at 1.0 for quick analysis
- Histogram style for easy pattern recognition
Best Practices
For Day Traders
- Use Daily split for intraday volume patterns
- MA coloring mode with shorter periods (5-10)
- Focus on ratios during market hours
For Swing Traders
- Weekly or NYSE Weekly splits
- Longer MA periods (15-20)
- Look for sustained volume patterns
For Position Traders
- Monthly or Quarterly splits
- Candle color mode for trend confirmation
- Focus on major volume shifts
Limitations
- Requires one full period to establish baseline
- May be less effective in extremely low volume conditions
- NYSE Weekly mode specific to stock market hours
This indicator is particularly valuable for traders who understand that volume is a crucial component of price action but need a more sophisticated way to analyze it than simple volume bars. It's especially useful for those who trade based on market participation levels and need to quickly identify whether current volume is significant relative to recent history.
Supreme Trend OscillatorThis cutting edge and groundbreaking oscillator helps you take informed decisions by helping you analyze and understand market trend, determine potential market highs & lows and displays momentum spikes. Paired with our other tools, our Supreme Trend Oscillator will completely transform the way you trade.
Catalyst TrendCatalyst Trend – A Comprehensive Trend and Regime Analyzer
The Catalyst Trend indicator was designed to dynamically and intuitively merge various classic analytical techniques. The goal is to filter out short-term market noise and reveal reliable trend phases or potential turning points. Below is a detailed explanation of its core elements and practical usage.
1. Concept and Idea
Multidimensional Trend Detection
This indicator goes beyond a simple momentum or volatility focus. It factors in multiple measurements to provide a more well-rounded market perspective.
Versatile Indicator Fusion
Linear Regression (LinReg): Multiple LinReg calculations are combined to smooth out price fluctuations and produce a robust trendline—known here as the “Cycle Reduced Line.”
ADX (Average Directional Index): Measures trend strength.
RSI (Relative Strength Index): Flags potential overbought or oversold conditions, in both the current timeframe and a higher timeframe.
ATR (Average True Range): Assesses volatility; used to dynamically adjust calculation lengths.
By weaving these elements together, the indicator adds value beyond simply stacking multiple indicators. It adapts to real-time market conditions, aiming to highlight genuine trends and reduce false signals.
2. Key Functions and Calculations
Dynamic Length & Smoothing
A blend of volatility (ATR), ADX values, and RSI inputs determines how many candles are used in the LinReg calculations and how heavily the data is smoothed.
This allows the indicator to respond promptly during periods of high volatility, while automatically adjusting to filter out unnecessary noise in quieter phases.c
Cycle Reduced Line
The script averages several offset LinReg calculations to produce a cleaner overall signal. Random outliers are thus minimized, making the trend path more visually consistent.
An additional EMA smoothing (“Final Smoothing”) further stabilizes this trendline, reducing the impact of minor price fluctuations.
Channel Bands (Optional)
These bands are derived from the standard deviation of the price residual (the difference between the smoothed price and the trendline).
They highlight potential over-extension zones: the upper band can mark short-term overbought areas, while the lower band might indicate oversold conditions.
Trend and Sideways Determination
Slope Calculation: The slope of the trendline (comparing the current bar to the previous one) helps identify short-term directional shifts.
DX Threshold: Once the ADX surpasses a user-defined threshold and the slope is positive, it may indicate a developing uptrend. Similarly, if the slope is negative and ADX > threshold, it could signal a potential downtrend.
Multi-Level Color Coding
Original Mode: Interpolated colors reflect uptrends, downtrends, and sideways phases, factoring in metrics like ADX and RSI.
Single Color: For a neutral look, the indicator can be displayed in one uniform color.
HTF RSI: This mode uses the higher-timeframe RSI to color the trendline (Long/Short/Neutral), offering a quick gauge of overarching market pressure.
3. Use Cases and Interpretation
Timeframes & Markets
The indicator is versatile and adapts well to different intervals, from 5-minute charts to weekly views.
It can be applied to various markets—crypto, forex, stocks—since volatility and trend strength are universal concepts.
Signal Recognition
Color Swings into a more pronounced upward hue (e.g., green) may signal mounting strength.
Neutral or mixed tones often point to sideways phases, which breakout traders might watch for potential price surges.
A shift to downward colors (e.g., red) may indicate a growing bearish trend.
Channel Bands & Volatility
When the bands spread widely, it’s wise to proceed with caution: abrupt spikes above the upper band or below the lower band can flag rapid short-term extremes.
These bands are more of a reference for potential overextension than a strict buy or sell trigger.
Additional Confirmations
Not a standalone panacea: The Catalyst Trend indicator is an analytical tool, best used alongside other methods such as volume analysis or price action (candlestick patterns, support/resistance levels) to bolster confidence in trading decisions.
4. Practical Tips
Parameter Adjustments
Depending on the market—crypto vs. traditional currency pairs—different ADX, RSI, or smoothing periods may be more effective. Experiment with the settings to tailor the indicator to your preferred timeframe.
Strategic Integration
Trailing Stops: For those riding a trend, the trendline or the channel bands may serve as a reference to trail stop-loss orders.
Trend Confirmation: Using RSI and ADX filters can help traders avoid sideways markets or stay the course when the trend is strong.
5. Important Final Notes
No Guarantee of Profits
No indicator can predict the future. Markets are inherently volatile and often unpredictable.
Responsible Risk Management
Test the indicator in a demo environment or with smaller positions before committing to large trades.
RSI+EMA+MZONES with DivergencesFeatures:
1. RSI Calculation:
Uses user-defined periods to calculate the RSI and visualize momentum shifts.
Plots key RSI zones, including upper (overbought), lower (oversold), and middle levels.
2. EMA of RSI:
Includes an Exponential Moving Average (EMA) of the RSI for trend smoothing and confirmation.
3. Bullish and Bearish Divergences:
Detects Regular divergences (labeled as “Bull” and “Bear”) for classic signals.
Identifies Hidden divergences (labeled as “H Bull” and “H Bear”) for potential trend continuation opportunities.
4. Customizable Labels:
Displays divergence labels directly on the chart.
Labels can be toggled on or off for better chart visibility.
5. Alerts:
Predefined alerts for both regular and hidden divergences to notify users in real time.
6. Fully Customizable:
Adjust RSI period, lookback settings, divergence ranges, and visibility preferences.
Colors and styles are easily configurable to match your trading style.
How to Use:
RSI Zones: Use RSI and its zones to identify overbought/oversold conditions.
EMA: Look for crossovers or confluence with divergences for confirmation.
Divergences: Monitor for “Bull,” “Bear,” “H Bull,” or “H Bear” labels to spot key reversal or continuation signals.
Alerts: Set alerts to be notified of divergence opportunities without constant chart monitoring.
Simple Moving Average with Regime Detection by iGrey.TradingThis indicator helps traders identify market regimes using the powerful combination of 50 and 200 SMAs. It provides clear visual signals and detailed metrics for trend-following strategies.
Key Features:
- Dual SMA System (50/200) for regime identification
- Colour-coded candles for easy trend visualisation
- Metrics dashboard
Core Signals:
- Bullish Regime: Price < 200 SMA
- Bearish Regime: Price > 200 SMA
- Additional confirmation: 50 SMA Cross-over or Cross-under (golden cross or death cross)
Metrics Dashboard:
- Current Regime Status (Bull/Bear)
- SMA Distance (% from price to 50 SMA)
- Regime Distance (% from price to 200 SMA)
- Regime Duration (bars in current regime)
Usage Instructions:
1. Apply the indicator to your chart
2. Configure the SMA lengths if desired (default: 50/200)
3. Monitor the color-coded candles:
- Green: Bullish regime
- Red: Bearish regime
4. Use the metrics dashboard for detailed analysis
Settings Guide:
- Length: Short-term SMA period (default: 50)
- Source: Price calculation source (default: close)
- Regime Filter Length: Long-term SMA period (default: 200)
- Regime Filter Source: Price source for regime calculation (default: close)
Trading Tips:
- Use bullish regimes for long positions
- Use bearish regimes for capital preservation or short positions
- Consider regime duration for trend strength
- Monitor distance metrics for potential reversals
- Combine with other systems for confluence
#trend-following #moving average #regime #sma #momentum
Risk Management:
- Not a standalone trading system
- Should be used with proper position sizing
- Consider market conditions and volatility
- Always use stop losses
Best Practices:
- Monitor multiple timeframes
- Use with other confirmation tools
- Consider fundamental factors
Version: 1.0
Created by: iGREY.Trading
Release Notes
// v1.1 Allows table overlay customisation
// v1.2 Update to v6 pinescript
Momentum-Based Buy/Sell SignalsBuy Signal:
Triggered when ROC > threshold and the MACD line crosses above the Signal line.
Sell Signal:
Triggered when ROC < threshold and the MACD line crosses below the Signal line.
Visual Elements:
Green labels with "Buy" are displayed below the bars for buy signals.
Red labels with "Sell" are displayed above the bars for sell signals.
The background turns green during a buy signal and red during a sell signal for better visual clarity.
Momentum Burst Tools Kit By TradeINskiMomentum Burst Tools Kit By TradeINski
First Things First
- This indicator cuts through the noise and helps you see if a stock's price is swinging more (expansion) or less (contraction) compared to yesterday. When the indicator shows a positive number, it means the stock's price range is wider today than yesterday. Conversely, a negative number indicates the price range is tighter today. And also helps in position sizing with fast and effective solutions.
- Disclaimer: This indicator will not give any buy or sell signal. This is just a supporting tool to improve efficiency in my trading.
- Users can change most of the default options in settings according to their personal preference in settings such as text color, size and table location or to show/hide the specific metrics using “check mark”.
Contents
Capital
- Capital is nothing but account size by default it is 1M.
- This will be helpful by knowing where exactly their account is standing at what value at any given point of time.
- This is also required to calculate quantity based metrics so users should input accordingly.
Risk (%)
- Percentage of risk per trade you are willing to take according to account size or capital.
This helps in knowing what kind of position sizing you're about to take for the following trade. Knowing what is at stake and how much is at stake.
- This is also required to calculate quantity based metrics so users should input according to their trading plan.
Closing Range (CloseR)
- % Level based on current price with respect to today's range.
- Higher the better, Which indicates strength.
Range Expansion (RangeE)
- Today's % range with respect to previous days range. That is nothing but a percentage indicating the change in the daily price range compared to the previous day. Useful for identifying potential volatility shifts and trend continuation or reversal.
- For example if yesterday's range was small and today's range is big that means with respect to yesterday today stock had a range expansion by how much is the value shown here irrespective of the direction. Which helps in breakout scenarios.
SL From LOD/HOD (StopL)
- Here LOD means low of the day and HOD means high of the day.
When %Change is +VE then its low of the day (LOD) value is printed and when %Change is -VE then its high of the day (HOD).
- Because LOD and HOD are important levels where we usually keep our stops as per direction we are trading in. LOD is considered for longs and HOD for shorts as per % change.
SL at Half of day (StopH)
- Half level of today's body is what is printed.
- This helps to know where exactly half of today’s price level is at. Sometimes this can be used as stop loss. That is the Price level representing the midpoint between the day's open and close, commonly used as a reference for setting stop-loss orders.
% Distance From StopL (DisL)
- This will tell us how far we are from LOD/HOD in terms of percentage.
- And Whenever %Change is +VE then LOD is considered for distance and whenever %Change is -VE then HOD is considered. This switch over is done automatically.
- This helps traders to make a decision to conclude whether to make a position or not, Which also helps in determining if the risk reward is favorable hypothetically considering entry at current price and SL as StopL LOD/HOD.
% Distance From StopH (DisH)
- This will tell us how far we are from half price of today's body in terms of percentage.
- This is the distance between current close and price level representing the midpoint between the day's open and close.
- This also helps in determining if the risk reward is favorable hypothetically considering entry at current price and SL as StopH.
Quantity Based on StopL (QtyL)
- Quantity shown here is based on Capital, Risk and considering latest price as entry point and also low of the day (LOD) as stop loss (SL) that is “StopL” as and When %Change is positive and whenever %Change is -VE then high of the day (HOD) is considered as stop loss (SL).
- When %Change is +VE then Capital multiplied Risk (%) divided by close minus today's low this will fetch you desired quantity based on defined capital and risk (%) earlier. Similarly when %Change is -VE instead of close minus low, today’s high minus close is considered for determining the quantity.
- This is printed in real time and switchover is done automatically between high and low based on %Change. A result of which Position SIze calculation is done is a jiffy.
Quantity Based on StopH (QtyL)
- Quantity shown here is based on Capital, Risk which are defined earlier and considering latest price as entry point and also half of the day (StopH) )as stop loss (SL). A result of which Position SIze calculation is done is a jiffy.
This script empowers traders by giving them a clear view of daily price changes. With this knowledge, they can make smarter trading choices based on important price movements. Plus, it can be customized to fit how you like to trade, making it user-friendly and adaptable to different trading styles.
*****
Momentum Probability Oscillator [SS]This is the momentum based probability indicator.
What it does?
This takes the average of MFI, Stochastics and RSI and plots it out as an independent oscillator.
It then tracks bullish vs bearish instances. Bullish is defined as a greater move from open to high than open to low and inverse for bearish.
It stores this data and these averages and plots these levels as a graph.
The graph depicts the max bullish values at the top, the min bearish values at the bottom and the averages in between:
It will plot the average "threshold" value in yellow:
The threshold value is key. A ticker trading above the threshold is generally bullish. Below is bearish.
The threshold value frequently acts as support and resistance levels (see below):
Resistance:
Support:
The indicator also shows you the amount of time a ticker has spent in each region, over a defined lookback period (defaulted to 500):
When you see that cumulatively, more time has been spent in a bullish range or a bearish range, it can help you ascertain the prevailing sentiment at that time.
The indicator will also calculate the average price range based on the underlying oscillator value. It does this through use of ATR based techniques, as its not usually possible to calculate a price from an oscillator:
This is intended as a general reference and not a precise target, as it is using ATR as opposed to the actual technical value itself.
As this is an oscillator, you can use it to look for divergences as well. The advantage to having it formulated in this way is:
a) You get the power of all 3 indicators (stochastics, MFI and RSI) in one and
b) You are adding context to the underlying technical reading. The indicator is plotting out the average, max and min ranges for the selected ticker and performing assessments based on these ranges that add context to the current PA.
You also have the ability to see the specific technical levels associated with each specific technical indicator. If you open up the settings menu and select "Show Table", this will appear:
This will show you the exact values of each of the technicals the indicator is using in its range assessment.
And that is basically the bulk of the indicator!
I use this predominately on the smaller timeframes, especially when there is a lot of chop, to ascertain the overall sentiment.
I also will reference it on the 1 hour to see what the prevailing sentiment is and whether the stock is at an area of technical resistance or support. For example, here is what I referenced on SPY today:
QUICK NOTE:
It works best with RTH (regular trading hours) turned on and ETH (extended trading hours) turned off!
That's it!
Hopefully you like it and leave your comments and suggestions below!
[volfgang] WAVE ScannerThe Wave Scanner helps you make more informed decisions about when to buy and sell.
This indicator operates on a series of inputs and global variable declarations. Based on the same parameters as the WAVE Indicator. It uses different parameters such as the closing price, Stochastic Momentum Index, and smoothing factors such as the EMA to calculate the potential trade signals.
The scanner allows you to adjust the thresholds for bullish and bearish counts, which can be tailored to your personal trading strategy.
The minimum value is 4 and maximum is 8.
In total you can use 8 different timeframes for your signals from the following;
3D
1D
12h
8h
4h
1h
15m
5m
The scanner's unique ability to scan across multiple timeframes is what makes this indicator unique. This multi timeframe analysis can be incredibly useful for identifying broader trends in the market.
The Wave Scanner settings also includes inputs for you to enter risk management settings, including your total capital and the risk percentage you are willing to take per trade. It uses this information to display data in a label on the chart including;
Position Size
Stop Loss Level
Potential Profit
Risk Reward Ratio
On your chart, the WAVE Scanner will plot the ideal Entry Levels, Stop Loss and Take Profit Levels by calculating Fibonacci Levels, which is a popular tool for identifying potential support and resistance levels.
These are marked as follows;
GREEN Lines: Entry Levels
PINK Line: Stop Loss (can be customized in the settings)
GREY Line: Breakeven Level (move SL to breakeven at this level)
BLUE Line: Take Profit Level
So, if you're a trader looking to level up your strategy, the Wave Scanner is a tool you won't want to miss out on.
Reversal Magic BTC [Loxx]What is Reversal Magic BTC ?
Reversal Magic BTC is an indicator that probes momentum and volatility for extreme values up/down to determine where possible reversals may occur for BTCUSD or BTCUSDT pairs. This is a highly specialized indicator tuned only to BTCUSD or BTCUSDT pairs and it only works on the daily timeframe. If you try to use this on any other ticker or any other timeframe other than the daily, then you'll see the indicator pop up with an error next to its name.
Settings
This indicator has two very simple settings:
1) High/Low period to probe highs and lows over the last XX candles
2) Volatility period to calculate the average volatility over the last XX candles
█ How do you use this?
Reversal trading
Ideally you would pair this indicator with a volatility indicator that shows volatility levels from closing price and then set a take profit level at 1x sigma up or down, and stoploss at 1.5x sigma up or down depending on the direction of the trade. Please note: reversal trading is extremely risky as a trend has not yet been established to confirm market direction.
The following indicators are ideal for this scenario
Profit Bands
Multi-Panel: Trade-Volatility-Probability
Swing Trading
This indicator can also be used as an exit indicator to be paired with a trend trading system where you would exit at the extremes up or down.
Multi SMI Ergodic OscillatorThe Multi SMI Ergodic Oscillator (Multi SMIEO) indicator can be used to identify potential buy and sell signals based on the relationship between the TSI and EMA lines.
The script is creating an indicator that plots multiple (3) sets of Time Series Indicator (TSI-Indicator) and Exponential Moving Average (EMA-Signal) lines as a single indicator.
The TSI is a momentum oscillator that helps identify overbought and oversold conditions. It is calculated using the close prices of an asset, a short-term moving average, and a long-term moving average. The script uses three different pairs of input values for the short-term and long-term periods, which can be adjusted by the user.
The EMA is a type of moving average that gives more weight to recent prices. It is calculated by applying a weighting factor to the most recent price, and then adding that weighted value to the previous EMA value. The script uses three different input values for the length of the EMA, which can also be adjusted by the user.
After calculating the TSI and EMA for each set, the script plots them on the same graph, with different colors and widths to differentiate them. The three sets of TSI and EMA lines are plotted to allow the user to compare the results of different periods. The script also plots a horizontal line at zero, which is used as a reference point for the oscillations of the indicator lines.
One way to use this indicator is to look for crossovers between the TSI and the EMA lines. A bullish crossover occurs when the TSI crosses above the EMA. This suggests that the buying pressure is increasing and a potential buy signal is generated. A bearish crossover occurs when the TSI crosses below the EMA. This suggests that the selling pressure is increasing and a potential sell signal is generated.
Some other ways that the indicator can be used include:
1. Identifying trends: The TSI and EMA lines can be used to identify the direction of the trend. An uptrend is present when the TSI and EMA lines are both trending upwards, while a downtrend is present when the TSI and EMA lines are both trending downwards.
2. Overbought and oversold conditions: The TSI can be used to identify overbought and oversold conditions. When the TSI is above the upper limit of the range, the asset is considered overbought and may be due for a price correction. Conversely, when the TSI is below the lower limit of the range, the asset is considered oversold and may be due for a price rebound.
3. Confirming price action: The Multi SMIEO indicator can be used to confirm price action. If a bullish divergence is present, it confirms a potential bullish reversal. If a bearish divergence is present, it confirms a potential bearish reversal.
4. Multiple time frame analysis: By using different periods for the TSI and EMA lines, the indicator can be used to analyze the asset on multiple time frames. It can be useful to compare the results of different periods to get a better understanding of the asset's price movements.
5. Risk management: This indicator can be used as an element of risk management strategy, it can help traders to identify overbought and oversold conditions to set stop loss or take profit levels.
The Multi SMI Ergodic Oscillator (Multi SMIEO) is a versatile indicator that can be used in a number of ways to analyze the price movements of an asset. It can be used to identify potential buy and sell signals, trends, overbought and oversold conditions, and to confirm price action. By using different periods for the TSI and EMA lines, the indicator can also be used to analyze the asset on multiple time frames. However, it is important to remember that indicators are based on historical data, and past performance does not guarantee future results.
It is important to use the indicator as part of a comprehensive trading strategy that includes risk management and other analysis techniques, such as fundamental and technical analysis. It is also important to keep in mind that indicators are not a standalone solution for trading, they should be used in conjunction with other market analysis and research techniques to generate better results.
Lastly, it is important to keep in mind that trading in financial markets comes with a certain level of risk and it is crucial to always have a proper risk management plan in place. Never invest more than you can afford to lose.
