Frankie Candles Essentials [LuxAlgo]The Frankie Candles Essentials toolkit is a collection of essential features used by trader Frankie Candles. This toolkit focuses on the relationship between MTF oscillator divergences and volume profiles, allowing the detection of different kinds of reversals. Retracements from the "Golden Pocket" features are also included.
🔶 USAGE
When adding the script to your chart you will be prompted to select the calculation interval of the "Top-Down Volume Profile", simply click on your chart where you want the starting and ending points of the calculation interval.
🔹 Top-Down Volume Profile
The Top-Down Volume Profile is a classical fixed-range volume profile and highlights the amount of traded volume within equidistant price areas. The amount of areas is determined by the "Rows" setting (Note that the volume profile can use up to 250 rows).
The value area (VA) highlights the area where the specified percentage of the total volume is traded, that is the area with the most recorded trading activity relative to a selected percentage.
Finally, the point of control (POC) highlights the price level with the most trading activity.
🔹 Divergences
Users can highlight divergences made by oscillators on their charts. The toolkit includes three indicators such as RSI, MFI, and WaveTrend with MTF support, users can also select external oscillators but these will not support MTF divergence detection.
Once the Top-Down Volume Profile is set historical divergences will be affected by its value area (VA), with bearish divergences located above the upper VA or bullish divergences located under the lower VA being highlighted with a sauce can, a signature display stel of Frankie Candles.
Users can also filter out divergences based on the point of control (POC) using the "Filter According To POC" setting, with bearish divergences located below the POC or bullish divergences located above it being filtered out.
Do note that divergences are detected N bars after their occurrence, where N is the divergence lookback setting
🔹 Golden Pockets
The script includes an MTF Golden Pockets feature displaying Fibonacci retracements on the user chart, these can be used to identify optimal trade entries (OTE) or serve as support/resistance levels.
Golden Pockets are based on maximum/minimum prices in a window determined by the "Golden Pocket Lookback" setting, using longer-term lookbacks will return longer-term divergences, this will also be the case when using HTF golden pockets.
🔶 SETTINGS
🔹 Candle Coloring
Candle Coloring: Determine the candle coloring method used by the indicator. "Simple" will color the candles based on the candle body, while "Golden Pocket" will color candles using a gradient based on the golden pocket rolling maximum/minimum.
🔹 Top-Down Volume Profile
Top-Down Volume Profile: Enable Top-Down Volume Profile.
Rows: Amount of rows used by the Top-Down Volume Profile.
Width (%): Controls the histogram bar width as a percentage of the calculation window specified by the user set anchors.
Value Area (%): Area where the specified percentage of total volume is traded.
Extend To The Right: Extends the calculation window from the first anchor to the most recent bar.
🔹 MTF Divergences
Oscillator: Determines the oscillator and its length used for divergence detection. Options include "RSI", "MFI", "WaveTrend" and "External".
Divergence Lookback: Lookback period used to track oscillator tops/bottoms. Divergence will be detected n bars after an oscillator top/bottom, where n is the specified lookback period.
External Oscillator: External oscillator used for divergence detection if "External" is selected in the "Oscillator" dropdown menu, incompatible with Divergence Timeframe setting.
Divergence Timeframe: Timeframe used to calculate the selected oscillator and detect divergences. Incompatible with external oscillators.
Divergence From: Determines if price tops/bottoms evaluated to detect divergences are based on wicks (high/low price) or candle body (closing/opening price).
Filter According To POC: Filter displayed divergences based on the Top-Down Volume Profile POC.
Show Hidden: Display hidden divergences.
Show Sauce: Display canned source emoji on specific divergences.
🔹 Golden Pockets
Golden Pocket Lookback: Period used to calculate golden pockets, options include "Short-Term", "Medium-Term", and "Long-Term".
Extend: Extend Golden Pockets lines from the most recent bar by the specified amount of bars.
Golden Pocket Timeframe: Timeframe used to calculate the Golden Pockets.
Retracements: Display specific retracements, users can also control the ratio from the provided numerical setting.
Show Coordinate Line: Display a line connecting the top/bottom used to calculate the Golden Pockets.
Invert: Invert top/bottom for the Golden Pockets calculation.
Cerca negli script per "mtf"
CM MACD Custom Indicator - Multiple Time Frame - V2***For a Detailed Video Overview Showing all of the Settings...
Click HERE to View Video
New _CM_MacD_Ult_MTF _V2 Update 07-28-2021
Thanks to @SKTennis for help in Updating code to V2
Added Groups to Settings Pane.
Added Color Plots to Settings Pane
Switched MTF Logic to turn ON/OFF automatically w/ TradingView's Built in Feature
Updated Color Transparency plots to work in future update
Added Ability to Turn ON/OFF Show MacD & Signal Line
Added Ability to Turn ON/OFF Show Histogram
Added Ability to Change MACD Line Colors Based on Trend
Added Ability to Highlight Price Bars Based on Trend
Added Alerts to Settings Pane.
Customized how Alerts work. Must keep Checked in Settings Pane, and When you go to Alerts Panel, Change Symbol to Indicator (CM_Ult_MacD_MTF_V2)
Customized Alerts to Show Symbol, TimeFrame, Closing Price, MACD Crosses Up & MACD Crosses Down Signals in Alert
Alerts are Pre-Set to only Alert on Bar Close
See Video for Detailed Overview
New Updates Coming Soon!!!
***Please Post Feedback and Any Feature Requests in the Comments Section Below***
Black Flamingo Trend + contextThe Black Flamingo Trend+Context is an combined display of the two indicators BF Trend and BF Context.
Using this combination, more information can be read by analysis the cross up and down of the trend with the short time or long time context.
Generally, a cross up means that the price is likely to go up, and the opposite for a cross down.
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The Black Flamingo Trend display on the chart the following components :
- A Trend oscillator that is using price and volume information to inform on changes in trends.
- Overbought and Oversell zones, to rapidly see when the price is making strong moves in price and volume .
- An automatic divergence computation ("D" displayed on the chart) between the oscillator and the price.
- A Multitimeframe Trend oscillator (MTF) that compute the Trend in multiple superior timeframe to have an information of the convergence of the signals. For example, a MTF in oversell zone means that every trend in multiple timeframes are in oversell zone, so a reversal is likely to happens.
Trend oscillator is a new tool that aims to provide information on trend exhaustion or trend changes.
In first, the oscillator is computed using the past prices and volumes. So to make the oscillator stay in overbought and oversell zones, there must be strong movement and volume .
There is several way to use this oscillator in conjonction of the other Black Flamingo indicators :
- When you are confident that the price is in range (looking the Black Flamingo Context), every time the oscillator is in overbought or oversell zone consist in entry time of trade
- When you are confident that the price is in trend (looking the Black Flamingo Context), you have to write a support/resistance line of the oscillator. A reversal signal is done when the support/resistance is breaked and a divergence is printed. The reversal signal can be confirmed by the Black Flamingo Overlay if there is some 3D Breaker targets.
- When there is no visible support or resistance in the oscillator, it likely means that the price is in range.
There is three parameters to configure the Black Flamingo Trend :
- Trend period : That's the number of candle the oscillator is looking to display its value. Use a low period to catch short term entry price, and high period to add more safety on the entry prices.
- Trend multi timeframe factor : That's a factor that decide if higher timeframe impact more the MTF than lower timeframes. Higher means the MTF will display more the higher timeframes
- Trend multi timeframe level : that's the number of superior timeframe that will be summed up when computing the MTF
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The Black Flamingo Context display on the chart the following components :
- A short term trend analysis line (green)
- A long term trend analysis line (white)
- Two level of confidence to split range from uptrend and downtrend
The trend analysis line is a new tool that aims to provide information on the current price trending status.
Each line (long and short term) print the deviation from a perfect range of the price.
If the value is over the confidence level (yellow zone), the price was considered as trending in short or long term.
If the value is under the confidence level, the price was considered as ranging in short or long term.
There is several ways to analyse these lines :
- When the long term line is trending, if there is a cross-up of the short term line, it means that the trend is accelerating (in parabolic way)
- When the short-term line cross down the long-term line, it means that the trend is exhausting.
- If the two lines are in opposite zone (short term says up-trend and long term says sown-trend), it means that the market is ranging with volatility
- if the short-term line is trending but the long-term line is ranging, it means that a potential counter-trade can be done (the short-term line will very likely return to range zone)
There is one parameter to configure the Black Flamingo Context:
- Context confidence level: That's the standard deviation level to consider if the price is in range or in trade. The standard value of 1.96 means 68% of chance that the price is ranging. 3.92 corresponds to 95% of change and 5.88 to 99.7%
Market OracleMarket Oracle Indicator: User Guide
Market Oracle is a powerful, all-in-one trading indicator for TradingView that combines multiple technical signals into a clear, actionable dashboard. Built for traders seeking a reliable edge, it analyzes trend, momentum, volatility, volume, and more to generate high-confidence buy and sell signals. With features like dynamic position sizing, market regime performance tracking, and customizable settings, it’s perfect for stocks, forex, crypto, or any market on any timeframe.
What It Does
Market Oracle evaluates market conditions using a blend of proven indicators (RSI, Stochastic RSI, EMAs, SuperTrend, MACD, Ichimoku Cloud, Bollinger Bands, ATR, ADX, and candlestick patterns) to produce a Composite Score (0-100) that reflects bullish or bearish strength. It generates:
Buy/Sell Signals: Triggered when the score crosses user-defined thresholds, filtered by volume, ADX, and trading hours.
Dynamic Position Sizing: Adjusts trade size based on volatility (ATR), reducing risk in choppy markets.
Market Regime Insights: Tracks performance in trending vs. ranging markets to highlight strategy strengths.
Comprehensive Dashboard: Displays real-time metrics like signal confidence, stop/take-profit levels, win rates, and more.
Whether you’re a day trader, swing trader, or long-term investor, Market Oracle simplifies decision-making with clear insights and robust backtesting.
Key Features
Composite Score:
Combines trend (EMAs, SuperTrend, MACD), momentum (RSI, Stochastic RSI), volatility (Bollinger Bands, ATR), volume (OBV, MA), Ichimoku Cloud, divergences, multi-timeframe trends, and candlestick patterns.
Score > 50 indicates bullishness; < 50 indicates bearishness. Extreme values (>90 or <10) flag overbought/oversold conditions.
Smart Signals:
Buy signals trigger when the score exceeds a threshold (default 70), with filters for volume, ADX strength, and Ichimoku/pattern confirmation.
Sell signals trigger below 100-threshold (default 30), with similar filters.
Signals include confidence levels (0-100%) based on indicator alignment.
Dynamic Position Sizing:
Scales trade size using ATR to limit risk in volatile markets (e.g., smaller positions when ATR is high).
Caps volatility adjustments (default 3x ATR) to maintain reasonable sizing.
Bases risk on a user-defined percentage (default 1% per trade).
Market Regime Performance:
Identifies trending (high ADX or wide Bollinger Bands) vs. ranging markets.
Tracks win rates separately for each regime, helping you optimize strategies for specific conditions.
Backtesting Metrics:
Shows buy/sell win rates, recent win rate, trending/ranging win rates, profit factor, max drawdown, and equity trend.
Helps evaluate strategy performance over time.
Customizable Dashboard:
Displays key metrics: Composite Score, Trend, Momentum, Volatility, Ichimoku, ADX, Divergences, Signal Status, Confidence, Stop/Take-Profit, Position Size, and more.
Toggles to show/hide backtest stats, Ichimoku Cloud, or multi-timeframe trends.
Clean layout with no clutter (e.g., no unnecessary “!” markers).
Alerts:
Set alerts for Buy/Sell Signals, Signal Exits, High Scores, or Overbought/Oversold conditions.
Messages include score and confidence (e.g., “Oracle+: Buy signal (Score: 75.2, Confidence: 80%)”).
Flexible Settings:
Adjust thresholds, indicator lengths, weights, risk parameters, and more.
Enable/disable features like trailing stops, market regime filters, or trading hour restrictions.
How to Use It
1. Add to TradingView
Copy the Market Oracle script into TradingView’s Pine Editor.
Click “Add to Chart” to apply it to your chosen market (e.g., BTC/USD, EUR/USD, SPY).
The dashboard appears in the bottom-right corner, showing real-time data.
2. Read the Dashboard
The dashboard is split into three sections:
Market State:
Composite Score: Current score and confidence (e.g., “75.2 (50.4%)”). “(OB)” or “(OS)” flags overbought/oversold.
Adjusted Threshold: Signal trigger level, adjusted for market regime.
Trend/MTF Trend: Bullish, Bearish, or Neutral (based on EMAs, SuperTrend, higher timeframe).
Momentum: Bullish, Bearish, or Neutral (RSI, Stochastic RSI).
Volatility: High or Low (Bollinger Bands, ATR).
Ichimoku Cloud: Bullish, Bearish, or Neutral (if enabled).
ADX Strength: Strong or Weak.
Divergence: Bullish, Bearish, or None (RSI, MACD).
Signals:
Signal Status: “Buy”, “Sell”, or “None”.
Signal Confidence: Percentage (e.g., “80%”) based on indicator agreement.
Stop Level/Take-Profit: Price levels for risk management.
Position Size: Units to trade, adjusted for volatility.
Avg Trade Duration: Average bars per trade.
Signal History: Recent signals/exits (e.g., “Buy | Buy Win”).
Backtest (optional):
Buy/Sell Win Rate: Percentage of winning trades.
Recent Win Rate: Win rate for recent trades.
Trending/Ranging Win Rate: Performance by market condition.
Profit Factor: Profit-to-loss ratio.
Max Drawdown: Largest equity drop.
Equity Trend: Up, Down, or Flat.
3. Customize Settings
Access the indicator’s settings by clicking the gear icon:
Signal Sensitivity:
Base Signal Threshold (default 70): Higher = stricter signals.
Min Confidence for Alerts (default 60%): Filters weaker alerts.
Risk Management:
Risk % per Trade (default 1%): Sets base risk.
Max ATR Multiplier (default 3.0): Caps position size reduction.
Take-Profit Ratio (default 2.0): Sets reward-to-risk ratio.
Use Trailing Stop (default false): Enable for dynamic stops.
Filters:
Use Volume Filter (default true): Requires above-average volume.
Use ADX Filter (default true): Requires strong trend (ADX > 25).
Use Market Regime Filter (default true): Adjusts thresholds for trending/ranging markets.
Avoid Specific Hours (default false): Skip signals during set hours (e.g., 0-6 UTC).
Indicators:
Adjust lengths for RSI (14), EMAs (20/50), MACD (12/26/9), etc.
Enable/disable Use Candlestick Patterns (default true) and choose type (Hammer, Engulfing, etc.).
Display:
Show Backtest Metrics (default true): Show win rates and stats.
Show Ichimoku Cloud (default true): Include cloud signals.
Show MTF Trend (default true): Include higher timeframe trend.
4. Set Alerts
In TradingView, click the alarm icon and select Market Oracle conditions:
Buy/Sell Signal: Triggers on new signals with sufficient confidence.
Signal Exit: Triggers when a trade closes (stop or take-profit hit).
High Score Alert: Triggers when score exceeds a threshold (default 80).
Overbought/Oversold: Warns of extreme conditions (if enabled).
Alerts include details for easy tracking (e.g., score, confidence).
5. Test and Trade
Test Markets: Try on forex (EUR/USD 1H), crypto (BTC/USD 4H), or stocks (AAPL daily).
Check Volatility: Monitor Position Size in volatile markets (e.g., XAU/USD); it shrinks to reduce risk.
Evaluate Regimes: Use “Trending Win Rate” and “Ranging Win Rate” to see where the strategy shines.
Backtest: Review Profit Factor and Max Drawdown to assess performance.
Start Small: Use a demo account to test signals before trading live.
Tips for Success
Match Your Style: Adjust scoreThreshold and timeframe to suit day trading (e.g., 15m, stricter threshold) or swing trading (e.g., 4H, looser threshold).
Monitor Regimes: If “Trending Win Rate” is higher, focus signals during strong trends (high ADX).
Manage Risk: Keep riskPerTrade low (e.g., 0.5-2%) and review Position Size for sanity.
Combine with Analysis: Use signals alongside support/resistance or news events for confirmation.
Tune Parameters: Experiment with atrVolatilityCap (e.g., 2.0 for tighter sizing) or adxThreshold (e.g., 30 for stronger trends).
Avoid Overtrading: Filter signals with minConfidenceForAlert (e.g., 70%) to focus on high-probability setups.
Example Scenarios
Crypto Breakout (BTC/USD 4H):
Composite Score jumps to 82, Signal Status shows “Buy” with 80% confidence.
Position Size is moderate due to high ATR during a rally.
“Trending Win Rate” is 65%, suggesting strength in directional moves.
Set an alert and enter with a 2:1 take-profit (e.g., stop at 60,000, target at 62,000).
Forex Range (EUR/USD 1H):
Score hovers near 45, no signal (Neutral).
“Ranging Win Rate” is 55%, indicating decent performance in consolidation.
Wait for a score above 70 or use a higher timeframe (e.g., Daily MTF Trend).
Stock Swing (AAPL daily):
Score hits 75, “Buy” signal with a small Position Size (low ATR).
Dashboard shows Bullish Ichimoku and MTF Trend.
Trade with a trailing stop to capture a multi-day move.
Why Choose Market Oracle?
All-in-One: Combines multiple indicators into one easy-to-read dashboard, saving you time.
Adaptive: Adjusts signals and sizing for market conditions (trending, ranging, volatile).
Transparent: Shows confidence, win rates, and risk levels to build trust in trades.
Customizable: Tailor to any market, timeframe, or trading style with dozens of settings.
No Clutter: Clean interface with no distracting visuals, just actionable data.
Getting Started
Add Market Oracle to your chart and explore the dashboard.
Test on a market you trade (e.g., ETH/USD 1H) with default settings.
Adjust scoreThreshold or riskPerTrade to match your risk tolerance.
Set alerts for Buy/Sell Signals and monitor performance via “Trending Win Rate” and “Profit Factor”.
Join TradingView communities to share setups and tips!
For questions or tweaks (e.g., adding VWAP, changing alert conditions), consult your indicator’s developer or TradingView’s Pine Script resources. Happy trading!
Supertrend + MACD with Advanced FiltersDetailed Guide
1. Indicator Overview
Purpose:
This enhanced indicator combines Supertrend and MACD to signal potential trend changes. In addition, it now includes several extra filters for more reliable signals:
Multi-Timeframe (MTF) Confirmation: Checks a higher timeframe’s trend.
ADX (Momentum) Filter: Ensures the market is trending strongly.
Dynamic Factor Adjustment: Adapts the Supertrend sensitivity to current volatility.
Volume Filter: Verifies that current volume is above average.
Each filter can be enabled or disabled according to your preference.
How It Works:
The Supertrend calculates dynamic support/resistance levels based on ATR and an adjustable factor, while MACD identifies momentum shifts via its crossovers. The additional filters then confirm whether the conditions meet your criteria for a trend change. If all enabled filters align, the indicator plots a shape and triggers an alert.
2. Supertrend Component with Dynamic Factor
Base Factor & ATR Period:
The Supertrend uses these inputs to compute its dynamic bands.
Dynamic Factor Toggle:
When enabled, the factor is adjusted by comparing the current ATR to its simple moving average. This makes the indicator adapt to higher or lower volatility conditions, helping to reduce false signals.
3. MACD Component
Parameters:
Standard MACD settings (Fast MA, Slow MA, Signal Smoothing) determine the responsiveness of the MACD line. Crossovers between the MACD line and its signal line indicate potential trend reversals.
4. Multi-Timeframe (MTF) Filter
Function:
If enabled, the indicator uses a higher timeframe’s simple moving average (SMA) to confirm the prevailing trend.
Bullish Confirmation: The current close is above the higher timeframe SMA.
Bearish Confirmation: The current close is below the higher timeframe SMA.
5. ADX Filter (Momentum)
Custom Calculation:
Since the built-in ta.adx function may not be available, a custom ADX is calculated. This involves:
Determining positive and negative directional movements (DMs).
Smoothing these values to obtain +DI and -DI.
Calculating the DX and then smoothing it to yield the ADX.
Threshold:
Only signals where the ADX exceeds the set threshold (default 20) are considered valid, ensuring that the market is trending strongly enough.
6. Volume Filter
Function:
Checks if the current volume exceeds the average volume (SMA) multiplied by a specified factor. This helps confirm that a price move is supported by sufficient trading activity.
7. Combined Signal Logic & Alerts
Final Signal:
A bullish signal is generated when:
MACD shows a bullish crossover,
Supertrend indicates an uptrend,
And all enabled filters (MTF, ADX, volume) confirm the signal.
The bearish signal is generated similarly in the opposite direction.
Alerts:
Alert conditions are set so that TradingView can notify you via pop-up, email, or SMS when these combined conditions are met.
8. User Adjustments
Toggle Filters:
Use the on/off switches for MTF, ADX, and Volume filters as needed.
Parameter Tuning:
Adjust the ATR period, base factor, higher timeframe settings, ADX period/threshold, and volume multiplier to match your trading style and market conditions.
Backtesting:
Always backtest your settings to ensure that they perform well with your strategy.
Linear Regression Channel 200█ OVERVIEW
This a simplified version of linear regression channel which use length 200 instead of traditional length 100.
█ FEATURES
Color change depends light / dark mode.
█ LIMITATIONS
Limited to source of closing price and max bars back is 1500.
█ SIMILAR
Regression Channel Alternative MTF
Regression Channel Alternative MTF V2
Model Indicator |ASE|The purpose of this indicator is to allow the user to build their own model. Each feature works cohesively together and depending on the filters you enable, the model gives less and more specific entries. This benefits the trader because they have complete control over the kinds of trades they want to take, while maintaining its automatic form.
We want to be as customizable as possible while still meeting our users’ needs. We started this indicator to propel us into our ultimate project, the ASE Algo.
Features:
SMC Display
Current Structure:
Liquidity Levels:
Daily Premium Discount Array
SMT Divergence
Displacement Candles:
Entry Factors
FVG
Continuation FVGs
MTF FVGs
Order Blocks
MTF Order Blocks
Confluence Filters
MS Reversal
Liquidity Level Raid
Inducement
Daily Prem/Disc Array
Target Factors
Liquidity Level Targets
Current Structure Targets
Trade Management
Trade Overlay
Risk:Reward Target
Benefits & Examples:
In the image below the indicator signaled multiple entries based on two simple confluence filters, a MS reversal (CHoCH/MSS) and a Liquidity Raid. Going from left to right we can see a short entry at the highs with a supporting Order Block. Liquidity levels are taken before we see a double IDM right below the respected OB that leads to the next signaled entry. In the middle of the chart we see a long entry that leads right into a short entry showing the effectiveness of such a simple model.
In this supporting image we are showcasing the first implementation of the Trade Overlay feature. This feature displays the Entry and Stop Loss to make it more visible and adds a risk to reward target. Additionally displayed is the SMC Toolkit indicator showing us additional confirmation with our signaled entries playing right out of a higher timeframe FVG.
An additional entry feature is the MTF zone. Setups can form on all timeframes and subjecting yourself to only one may lead you to miss out on some perfect setups or a larger move. In the image below we are on the 1 minute timeframe. We can see the Initial Reversal Entry which played out beautifully and filled a higher timeframe SFVG. With the MTF zone we can see a 3 minute and 5 minute Zone which produces the rest of the trend reaching another higher timeframe SFVG after filling the previous one. Once again showing the benefit of the Toolkit indicator but the plotted entries from such a simple model.
In addition to the model indicators filtered out entry zone, we can use additional confluences to confirm these entries. In the image below we can see a short entry printed after a move out of the Std. Dev. vwap wave which shows over extension. Taking the entry we can have a tight stop loss at the vwap wave or the recent high where we have a liquidity level, targeting a lower liquidity level or higher timeframe FVG.
For this example we are only filtering based on MS Reversals (CHoCH/MSS) to get our entries. Because of this we need additional confirmation to be confident in taking the plotted entry. In the image below you can see a long signal printed, confirmation being the previous Failed Reversal.
Modified QQE-ZigZag [Non Repaint During Candle Building]V V V V V V V Please Read V V V V V V V
I ask Peter and he is fine, that im published this script
Tell me if you have some ideas or criticism about that sricpt
>>>>>>>>>> This is a modified Version of Peter_O's Momentum Based ZigZag <<<<<<<<<<<
This is only a test, and i want to share it with the community
It works like other ZigZags
Because Peters_O's original Version is only non repaint on closed historical Data ,
during a Candle building process it can still repaint (signal appears / 21 seconds later signal disapears / 42 seconds later signal appears again in the same candle / etc.),
but that isnt important for backtesting, its only important for realtime PivotPoints during a candle.
My goal for this zigzag was to make it absolute non repaint neither during a candle building process (current candle),
so once the signal is shown there is no chance that it disapers and shown a few seconds later again on that same candle, it can only show up one time per candle an thats it,
and that makes it absolute non repaint in all time frames.
Credits to:
==> Thanks to @glaz , for bringing the QQE to Tradingview <3
==> Thanks to @Peter_O , for sharing his idea to use the QQE as base for a Zigzag
and for sharing his MTF RSI with the Community <3
Changes:
- I changed the MTF RSI a little bit, you can choose between two version
- I changed the QQE a little bit, its now using the MTF RSI , and its using High and Low values as Source to make it absolute non repaint during a candle is building
- I added a little Divergence Calculation beween price and the MTF RSI that is used for the ZigZag
Colors :
- Green for HH / HL Continuation
- Red for LL / LH Continuation
- Yellow for Positive Divergence
- Purple for Negative Divergence
Important:
It is not possible to backtest this script correctly with historical Data, its only possible in Realtime,
because the QQE is using crossunders with RSILowSource and the QQE Line to find the Tops and,
because the QQE is using crossovers with RSIHighSource and the QQE Line to find the Bottoms,
and that means it is not possible to find the correct Time/Moment when that crossovers / crossunders happens in historical Data
=============> So please be sure you understand the Calculation and Backtest it in Realtime when you want to use it,
because i didn't published this script for real trading
=============> Im not a financial advisor and youre using this script at your own risk
=============> Please do your own research
_CM_Ultimate_MA_MTF_V4***For a Detailed Video Overview Showing all of the Settings...
Click HERE to View Video
New _CM_Ultimate_MA_MTF_V4 - Update - 08-24-2021
Thanks to @SKTennis for help with code
Added Ability to Plot 1 or 2 Moving Averages - Fast MA & Slow MA
Added Ability to Plot Fast MA with Multi TimeFrame
Added Ability to Plot Slow MA with Multi TimeFrame
Added Ability to Color Fast MA Based on Slope of MA
Added Ability to Color Fast MA based on being Above/Below Slow MA
Added Ability to Plot 8 Types of Moving Averages
Simple, Exponential, Weighted, Hull, VWMA, RMA, TEMA, & Tilson T3
Added Ability to Set Alerts Based on:
Slope Change in the Fast MA Or Fast MA Crossing Above/Below Slow MA.
Added Ability to Plot "Fill" if Both Moving Averages are Turned ON
Added Ability to control Transparency of Fill
Added Alerts to Settings Pane.
Customized how Alerts work. Must keep Checked in Settings Pane, and When you go to Alerts Panel, Change Symbol to Indicator (_CM_Ultimate_MA_MTF_V4)
Customized Alerts to Show Symbol, TimeFrame, Closing Price, & Moving Average Signal Name in Alert
Alerts are Pre-Set to only Alert on Bar Close
See Video for Detailed Overview
New Updates Coming Soon!!!
***Please Post Feedback and Any Feature Requests in the Comments Section Below***
FieryTrading Suite AThis trading suite offers a complete package to traders, both long- and short-term. The idea here is that by combining FieryTrading Suite A and B, one can get a better grip on the markets, thus making more profitable trades. This trading suite is suited for all time frames and assets. Ideally one would combine this trading suite with their own strategies or indicators.
This indicator pack consists of several parts and offers quite some customization.
// FieryTrading Suite A
Bar Trend: the bars will get colored according to the current, short-term, trend. Green is bullish, red is bearish and yellow is neutral. By tweaking the Bar Trend Length one can make the bar trend more or less responsive. Higher lengths are better for long term trading, whereas a shorter length is better for short-term or scalping.
MTF EMA: this is actually two indicators in one. First, we have the EMA on the chart, which is a general current trend indicator. Above the EMA means bullish, under the EMA means bearish. This EMA is also colored according to the long-term trend, which gets pulled from a higher time-frame. Green means long term bullish, red long-term bearish, yellow neutral.
Overshoot Area: the green and red bands around the price are areas where the price might potentially reverse from. This works exceptionally well in consolidating (horizontal) markets. The wider the overshoot area, the stronger the trend. A very tight overshoot area might indicate that the price will soon make a strong move. Increase the overshoot length to make it better suited for long-term. Decrease the length for better detection of small moves.
Extra’s:
1) Extreme bars: when turned on, the bars will color blue if the price reaches a potential strong area of reversal or consolidation. Blue bars are also great areas to exit your current position. Increase the Extreme Multiplier in case you want it less responsive. Decrease the multiplier to quicker spot extreme bars, but with a higher margin of error.
2) FieryTrend: due to its popularity, I’ve decided to included my FieryTrend indicator in the Trading Suite. It’s a great tool to manually find trend lines, resistances and supports. See my FieryTrend indicator for more info.
3) Fractals: when turned on, this option will display fractals on the chart. These fractals are mainly used for stop-loss determination, but can be used for other strategies as well.
4) FT B Reversal: when turned on, this will place reversals of the FieryTrend Suit B on the chart. Make sure to keep the inputs of the FT B indicator the same on both the A and B suite. It might trigger some false-positives, don’t trade this blindly. Wait for the lighter color to completely disappear behind the darker one on FT B.
Alerts: Alerts can be created for Extreme Bars, Bar Trend and FieryTrading Suite B Reversals. Bar trend currently triggers an alert of every bullish / bearish bar, want to make it trigger once in the future, but I’m encountering an unknown bug.
// FieryTrading Suite B
This oscillator tries to give traders an idea of the current trend, as well as trend reversals. The higher the lengths, the bigger the potential trends can become. Be aware that higher lengths are less responsive to market movements. The default inputs are best for most traders. Alerts for this indicator can be made in the FT Trading Suite A, indicated by the blue up / down triangles.
// Potential strategies
There are several potential strategies that one can follow by just looking at the chart. Here are some examples:
1.0 For longer term trades one could simply trade the bar colors. Buy when the bar goes green, sell when it goes red.
1.1 You could exit the trade at either an Extreme Bar or when the price enters the Overshoot Area
1.2 During bullish trends (green bars, green MTF EMA), you could spot potential entries with the FieryTrading Suite B. Enter on every dip on the oscillator. Inverse would be true for shorts.
2.0 You could trade the FT B Reversals during their respective trend. So, trade bearish reversals during a red MTF EMA, bullish reversals during a green MTF EMA.
Never trade one indicator naked. Always use other indicators to confirm your bias.
For take-profit and stop-loss selection I would generally advise to look at the most recent fractal and place the stop above / below the fractal bar. Bullish trades should look at the pink fractal, bearish trades at the yellow fractal. When no fractal is available, look at the reversal bar and apply the same strategy.
For short term trades I’d advise a risk-reward of 1.5, longer term 2 – 2.5.
See the screenshots below for a couple of examples.
For access, please take a look at the "Author's Instructions" below.
Relative Volume at Time█ OVERVIEW
This indicator calculates relative volume, which is the ratio of present volume over an average of past volume.
It offers two calculation modes, both using a time reference as an anchor.
█ CONCEPTS
Calculation modes
The simplest way to calculate relative volume is by using the ratio of a bar's volume over a simple moving average of the last n volume values.
This indicator uses one of two, more subtle ways to calculate both values of the relative volume ratio: current volume:past volume .
The two calculations modes are:
1 — Cumulate from Beginning of TF to Current Bar where:
current volume = the cumulative volume since the beginning of the timeframe unit, and
past volume = the mean of volume during that same relative period of time in the past n timeframe units.
2 — Point-to-Point Bars at Same Offset from Beginning of TF where:
current volume = the volume on a single chart bar, and
past volume = the mean of volume values from that same relative bar in time from the past n timeframe units.
Timeframe units
Timeframe units can be defined in three different ways:
1 — Using Auto-steps, where the timeframe unit automatically adjusts to the timeframe used on the chart:
— A 1 min timeframe unit will be used on 1sec charts,
— 1H will be used for charts at 1min and less,
— 1D will be used for other intraday chart timeframes,
— 1W will be used for 1D charts,
— 1M will be used for charts at less than 1M,
— 1Y will be used for charts at greater or equal than 1M.
2 — As a fixed timeframe that you define.
3 — By time of day (for intraday chart timeframes only), which you also define. If you use non-intraday chart timeframes in this mode, the indicator will switch to Auto-steps.
Relative Relativity
A relative volume value of 1.0 indicates that current volume is equal to the mean of past volume , but how can we determine what constitutes a high relative volume value?
The traditional way is to settle for an arbitrary threshold, with 2.0 often used to indicate that relative volume is worthy of attention.
We wanted to provide traders with a contextual method of calculating threshold values, so in addition to the conventional fixed threshold value,
this indicator includes two methods of calculating a threshold channel on past relative volume values:
1 — Using the standard deviation of relative volume over a fixed lookback.
2 — Using the highs/lows of relative volume over a variable lookback.
Channels calculated on relative volume provide meta-relativity, if you will, as they are relative values of relative volume.
█ FEATURES
Controls in the "Display" section of inputs determine what is visible in the indicator's pane. The next "Settings" section is where you configure the parameters used in the calculations. The "Column Coloring Conditions" section controls the color of the columns, which you will see in three of the five display modes available. Whether columns are plotted or not, the coloring conditions also determine when markers appear, if you have chosen to show the markers in the "Display" section. The presence of markers is what triggers the alerts configured on this indicator. Finally, the "Colors" section of inputs allows you to control the color of the indicator's visual components.
Display
Five display modes are available:
• Current Volume Columns : shows columns of current volume , with past volume displayed as an outlined column.
• Relative Volume Columns : shows relative volume as a column.
• Relative Volume Columns With Average : shows relative volume as a column, with the average of relative volume.
• Directional Relative Volume Average : shows a line calculated using the average of +/- values of relative volume.
The positive value of relative volume is used on up bars; its negative value on down bars.
• Relative Volume Average : shows the average of relative volume.
A Hull moving average is used to calculate the average used in the three last display modes.
You can also control the display of:
• The value or relative volume, when in the first three display modes. Only the last 500 values will be shown.
• Timeframe transitions, shown in the background.
• A reminder of the active timeframe unit, which appears to the right of the indicator's last bar.
• The threshold used, which can be a fixed value or a channel, as determined in the next "Settings" section of inputs.
• Up/Down markers, which appear on transitions of the color of the volume columns (determined by coloring conditions), which in turn control when alerts are triggered.
• Conditions of high volatility.
Settings
Use this section of inputs to change:
• Calculation mode : this is where you select one of this indicator's two calculation modes for current volume and past volume , as explained in the "Concepts" section.
• Past Volume Lookback in TF units : the quantity of timeframe units used in the calculation of past volume .
• Define Timeframes Units Using : the mode used to determine what one timeframe unit is. Note that when using a fixed timeframe, it must be higher than the chart's timeframe.
Also, note that time of day timeframe units only work on intraday chart timeframes.
• Threshold Mode : Five different modes can be selected:
— Fixed Value : You can define the value using the "Fixed Threshold" field below. The default value is 2.0.
— Standard Deviation Channel From Fixed Lookback : This is a channel calculated using the simple moving average of relative volume
(so not the Hull moving average used elsewhere in the indicator), plus/minus the standard deviation multiplied by a user-defined factor.
The lookback used is the value of the "Channel Lookback" field. Its default is 100.
— High/Low Channel From Beginning of TF : in this mode, the High/Low values reset at the beginning of each timeframe unit.
— High/Low Channel From Beginning of Past Volume Lookback : in this mode, the High/Low values start from the farthest point back where we are calculating past volume ,
which is determined by the combination of timeframe units and the "Past Volume Lookback in TF units" value.
— High/Low Channel From Fixed Lookback : In this mode the lookback is fixed. You can define the value using the "Channel Lookback" field. The default value is 100.
• Period of RelVol Moving Average : the period of the Hull moving average used in the "Directional Relative Volume Average" and the "Relative Volume Average".
• High Volatility is defined using fast and slow ATR periods, so this represents the volatility of price.
Volatility is considered to be high when the fast ATR value is greater than its slow value. Volatility can be used as a filter in the column coloring conditions.
Column Coloring Conditions
• Eight different conditions can be turned on or off to determine the color of the volume columns. All "ON" conditions must be met to determine a high/low state of relative volume,
or, in the case of directional relative volume, a bull/bear state.
• A volatility state can also be used to filter the conditions.
• When the coloring conditions and the filter do not allow for a high/low state to be determined, the neutral color is used.
• Transitions of the color of the volume columns determined by coloring conditions are used to plot the up/down markers, which in turn control when alerts are triggered.
Colors
• You can define your own colors for all of the oscillator's plots.
• The default colors will perform well on light or dark chart backgrounds.
Alerts
• An alert can be defined for the script. The alert will trigger whenever an up/down marker appears in the indicator's display.
The particular combination of coloring conditions and the display settings for up/down markers when you create the alert will determine which conditions trigger the alert.
After alerts are created, subsequent changes to the conditions controlling the display of markers will not affect existing alerts.
• By configuring the script's inputs in different ways before you create your alerts, you can create multiple, functionally distinct alerts from this script.
When creating multiple alerts, it is useful to include in the alert's message a reminder of the particular conditions you used for each alert.
• As is usually the case, alerts triggering "Once Per Bar Close" will prevent repainting.
Error messages
Error messages will appear at the end of the chart upon the following conditions:
• When the combination of the timeframe units used and the "Past Volume Lookback in TF units" value create a lookback that is greater than 5000 bars.
The lookback will then be recalculated to a value such that a runtime error does not occur.
• If the chart's timeframe is higher than the timeframe units. This error cannot occur when using Auto-steps to calculate timeframe units.
• If relative volume cannot be calculated, for example, when no volume data is available for the chart's symbol.
• When the threshold of relative volume is configured to be visible but the indicator's scale does not allow it to be visible (in "Current Volume Columns" display mode).
█ NOTES
For traders
The chart shown here uses the following display modes: "Current Volume Columns", "Relative Volume Columns With Average", "Directional Relative Volume Average" and "Relative Volume Average". The last one also shows the threshold channel in standard deviation mode, and the TF Unit reminder to the right, in red.
Volume, like price, is a value with a market-dependent scale. The only valid reference for volume being its past values, any improvement in the way past volume is calculated thus represents a potential opportunity to traders. Relative volume calculated as it is here can help traders extract useful information from markets in many circumstances, markets with cyclical volume such as Forex being one, obvious case. The relative nature of the values calculated by this indicator also make it a natural fit for cross-market and cross-sector analysis, or to identify behavioral changes in the different futures contracts of the same market. Relative volume can also be put to more exotic uses, such as in evaluating changes in the popularity of exchanges.
Relative volume alone has no directional bias. While higher relative volume values always indicate higher trading activity, that activity does not necessarily translate into significant price movement. In a tightly fought battle between buyers and sellers, you could theoretically have very large volume for many bars, with no change whatsoever in bid/ask prices. This of course, is unlikely to happen in reality, and so traders are justified in considering high relative volume values as indicating periods where more attention is required, because imbalances in the strength of buying/selling power during high-volume trading periods can amplify price variations, providing traders with the generally useful gift of volatility.
Be sure to give the "Directional Relative Volume Average" a try. Contrary to the always-positive ratio widely used in this indicator, the "Directional Relative Volume Average" produces a value able to determine a bullish/bearish bias for relative volume.
Note that realtime bars must be complete for the relative volume value to be confirmed. Values calculated on historical or elapsed realtime bars will not recalculate unless historical volume data changes.
Finally, as with all indicators using volume information, keep in mind that some exchanges/brokers supply different feeds for intraday and daily data, and the volume data on both feeds can sometimes vary quite a bit.
For coders
Our script was written using the PineCoders Coding Conventions for Pine .
The description was formatted using the techniques explained in the How We Write and Format Script Descriptions PineCoders publication.
Bits and pieces of code were lifted from the MTF Selection Framework and the MTF Oscillator Framework , also by PineCoders.
█ THANKS
Thanks to dgtrd for suggesting to add the channel using standard deviation.
Thanks to adolgov for helpful suggestions on calculations and visuals.
Look first. Then leap.
Efficient Work [LucF]█ OVERVIEW
Efficient Work measures the ratio of price movement from close to close ( resulting work ) over the distance traveled to the high and low before settling down at the close ( total work ). The closer the two values are, the more Efficient Work approaches its maximum value of +1 for an up move or -1 for a down move. When price does not change, Efficient Work is zero.
Higher values of Efficient Work indicate more efficient price travel between the close of two successive bars, which I interpret to be more significant, regardless of the move's amplitude. Because it measures the direction and strength of price changes rather than their amplitude, Efficient Work may be thought of as a sentiment indicator.
█ CONCEPTS
This oscillator's design stems from a few key concepts.
Relative Levels
Other than the centerline, relative rather than absolute levels are used to identify levels of interest. Accordingly, no fixed levels correspond to overbought/oversold conditions. Relative levels of interest are identified using:
• A Donchian channel (historical highs/lows).
• The oscillator's position relative to higher timeframe values.
• Oscillator levels following points in time where a divergence is identified.
Higher timeframes
Two progressively higher timeframes are used to calculate larger-context values for the oscillator. The rationale underlying the use of timeframes higher than the chart's is that, while they change less frequently than the values calculated at the chart's resolution, they are more meaningful because more work (trader activity) is required to calculate them. Combining the immediacy of values calculated at the chart's resolution to higher timeframe values achieves a compromise between responsiveness and reliability.
Divergences as points of interest rather than directional clues
A very simple interpretation of what constitutes a divergence is used. A divergence is defined as a discrepancy between any bar's direction and the direction of the signal line on that same bar. No attempt is made to attribute a directional bias to divergences when they occur. Instead, the oscillator's level is saved and subsequent movement of the oscillator relative to the saved level is what determines the bullish/bearish state of the oscillator.
Conservative coloring scheme
Several additive coloring conditions allow the bull/bear coloring of the oscillator's main line to be restricted to specific areas meeting all the selected conditions. The concept is built on the premise that most of the time, an oscillator's value should be viewed as mere noise, and that somewhat like price, it only occasionally conveys actionable information.
█ FEATURES
Plots
• Three lines can be plotted. They are named Main line , Line 2 and Line 3 . You decide which calculation to use for each line:
• The oscillator's value at the chart's resolution.
• The oscillator's value at a medium timeframe higher than the chart's resolution.
• The oscillator's value at the highest timeframe.
• An aggregate line calculated using a weighed average of the three previous lines (see the Aggregate Weights section of Inputs to configure the weights).
• The coloring conditions, divergence levels and the Hi/Lo channel always apply to the Main line, whichever calculation you decide to use for it.
• The color of lines 2 and 3 are fixed but can be set in the "Colors" section of Inputs.
• You can change the thickness of each line.
• When the aggregate line is displayed, higher timeframe values are only used in its calculation when they become available in the chart's history,
otherwise the aggregate line would appear much later on the chart. To indicate when each higher timeframe value becomes available,
a small label appears near the centerline.
• Divergences can be shown as small dots on the centerline.
• Divergence levels can be shown. The level and fill are determined by the oscillator's position relative to the last saved divergence level.
• Bull/bear markers can be displayed. They occur whenever a new bull/bear state is determined by the "Main Line Coloring Conditions".
• The Hi/Lo (Donchian) channel can be displayed, and its period defined.
• The background can display the state of any one of 11 different conditions.
• The resolutions used for the higher timeframes can be displayed to the right of the last bar's value.
• Four key values are always displayed in the Data Window (fourth icon down to the right of your chart):
oscillator values for the chart, medium and highest timeframes, and the oscillator's instant value before it is averaged.
Main Line Coloring Conditions
• Nine different conditions can be selected to determine the bull/bear coloring of the main line. All conditions set to "ON" must be met to determine the bull/bear state.
• A volatility state can also be used to filter the conditions.
• When the coloring conditions and the filter do not allow for a bull/bear state to be determined, the neutral color is used.
Signal
• Seven different averages can be used to calculate the average of the oscillator's value.
• The average's period can be set. A period of one will show the instant value of the oscillator,
provided you don't use linear regression or the Hull MA as they do not work with a period of one.
• An external signal can be used as the oscillator's instant value. If an already averaged external value is used, set the period to one in this indicator.
• For the cases where an external signal is used, a centerline value can be set.
Higher Timeframes
• The two higher timeframes are named Medium timeframe and Highest timeframe . They can be determined using one of three methods:
• Auto-steps: the higher timeframes are determined using the chart's resolution. If the chart uses a seconds resolution, for example,
the medium and highest resolutions will be 15 and 60 minutes.
• Multiples: the timeframes are calculated using a multiple of the chart's resolution, which you can set.
• Fixed: the set timeframes do not change with the chart's resolution.
Repainting
• Repainting can be controlled separately for the chart's value and the higher timeframe values.
• The default is a repainting chart value and non-repainting higher timeframe values. The Aggregate line will thus repaint by default,
as it uses the chart's value along with the higher timeframes values.
Aggregate Weights
• The weight of each component of the Aggregate line can be set.
• The default is equal weights for the three components, meaning that the chart's value accounts for one third of the weight in the Aggregate.
High Volatility
• This provides control over the volatility filter used in the Main line's coloring conditions and the background display.
• Volatility is determined to be high when the short-term ATR is greater than the long-term ATR.
Colors
• You can define your own colors for all of the oscillator's plots.
• The default colors will perform well on both white and black chart backgrounds.
Alerts
• An alert can be defined for the script. The alert will trigger whenever a bull/bear marker appears in the indicator's display.
The particular combination of coloring conditions and the display of bull/bear markers when you create the alert will thus determine when the alert triggers.
Once the alerts are created, subsequent changes to the conditions controlling the display of markers will not affect the existing alert(s).
• You can create multiple alerts from this script, each triggering on different conditions.
Backtesting & Trading Engine Signal Line
• An invisible plot named "BTE Signal" is provided. It can be used as an entry signal when connected to the PineCoders Backtesting & Trading Engine as an external input.
It will generate an entry whenever a marker is displayed.
█ NOTES
• I do not know for sure if the calculations in Efficient Work are original. I apologize if they are not.
• Because this version of Efficient Work only has access to OHLC information, it cannot measure the total distance traveled through all of a bar's ticks, but the indicator nonetheless behaves in a manner consistent with the intentions underlying its design.
For Pine coders
This code was written using the following standards:
• The PineCoders Coding Conventions for Pine .
• A modified version of the PineCoders MTF Oscillator Framework and MTF Selection Framework .
Time ChangesThis is very cool and simple script
I just play around with non security MTF and this is the end result:)
buy period is lime, sell period is red
since it based on the changes of the MTF by time it give us very nice signal of bullish or bearish period
since no security is here so no repaint fear..
if you use 1 hour candle choose either daily (better for crypto ) or weekly MTF (better for stocks ) or even higher
if you use lower TF then try to see which MTF is best suited for it
simple and nice I think :)
here on tesla
facebook
boeing
nifty
forex
etc
Crypto 1 hourSimilar to indicator stock 4 hour
this bot design for crypto 1 hour chart (i find this time frame as the best one for it)
two versions of operation
1. non repainted as suggested by pine coders LucF
2. the other one is repainted with my supress repaint mechanism
the repainted version work fine but be aware that repaint may occur so it not perfect
if you decide to use the repainted one just know it not perfect even if i try my best to remove all repaint issue
alerts included
one way to check for repainting signals is by using bar repaly
the other way to see is to convert from repaint mode to unrepaint mode
if signal move 1 mtf forwrd and stay by similar order you saw before ' you can say that it was a true signal
normaly when we do this the repaint ones need to dissaper when we covert them to non repaint mode
if they move 1 mtf ahead then they were true when they were on the unrepainted version
system is very similar to ECG MACD strategy with some minor changes that I made in the buy and sell but this not so imprtant .
the daily candels are non repainting MTF candles. it just to make the atudy more preety . but it has no relation to buy and sell operation
The way i sugeest to use the repainted model is not automatic since there is repaint sometime
i suggest to use semi automatic mode
meaning the algo send alert . you just need manualy to check if the alert was true or not
since it buy and sell very slowly ,you have enough time to enter trades manualy for it.
if you find this manuver not needed and it working fine live . only if you are sure in that then move this indicator to act as real bot and make it full automatic
why i use repaint mode?
becosue the correction of repaint move the signal 1 mtf ahead. so most of time the repainted version send signals at more true postition. sometime due to repaint which can be we may get bad signal. but overall the system us design to work better at repaint mode.
so let me know what you think
in future i will try to make my anti repaint system to ne better I hope:) ?
so be wise when you put your money to something. use your decision wisely
treat this indicator as helper but it your job to monitor when there is a repaint or not..
DEMARSIThis is little tricky indicator but you need to understand how its work in order to make it easy to understand
The black line is DEMA RSI hybrid which is made on the MTF length that is not repainting.
The green and red zones are also DEMA RSI that is calculated in different way (the cross between the fast and the slow moving create the color change and the signal.
you can buy or sell using the signals shown (no alerts given) but it easy to add. the since the first MTF DEMA RSI is slower the the other ones we can use it as base . so lets say you enter in green and the second DEMA is still above the black line the trend is still forward and even if you get sell signal you still can hold the coin as it expected to rise further . on the other hand once you get sell signal in red and its fall down bellow black line then it the true end of the buy period. you need to find best condition for your purpose which mean to play with setting (here I put 240 MTF over rsiDEma kegth 21) , other options can be better (did not test it).
here without the cross signals of dema rsi 2
here with MTF 120
Boo Trader ValuesBOO Trader Values
A color-coded multi-timeframe (MTF) table indicator that displays the RSI, MACD Line, and ADX values for six different timeframes (15m, 1h, 4h, D, W, M) at a glance.
Features
• **RSI**: Compares RSI₁₄ to its 14-period SMA (RSI > SMA → green; RSI ≤ SMA → red). Extra highlight: RSI > 50 → dark green.
• **MACD Line**: Difference between fast and slow EMAs minus the signal line. Cells are green when momentum is rising, red when falling; plus MACD Line > 0 → dark green.
• **ADX**: Measures trend strength using DI period and smoothing (ADX > Threshold → green; ADX ≤ Threshold → red; ADX > 40 → dark green for a very strong trend).
Inputs
• RSI Period (default 14)
• MACD Fast/Slow/Signal Periods (12/26/9)
• ADX (DI) Period and Smoothing (default 14/14)
• ADX Trend Threshold (default 25)
Usage
Synchronized green signals across multiple timeframes confirm a strong trend.
Use the combined RSI, MACD, and ADX readings to quickly gauge entry/exit timing and overall trend strength.
Note: As with any TA tool, signals vary with market conditions. Always apply your own risk management rules.
Twitter: x.com
--------------------------
BOO Trader Values
Boo MTF Values (RSI, MACD & ADX)
Tek bakışta bir varlığın 6 farklı zaman dilimindeki (15 dk, 1 s, 4 s, G, H, A) RSI, MACD Line ve ADX değerlerini gösteren, renk kodlu çok zamanlı (MTF) tablo indikatörü.
Özellikler
RSI: Her periyotta RSI14 ile RSI14 MA karşılaştırması (RSI>MA yeşil, RSI≤MA kırmızı). Ek vurgular: RSI>50 ise koyu yeşil.
MACD Line: MACD Hızlı/Yavaş EMA farkı sinyal çizgisinden çıkarılarak hesaplanır. Momentum yükselişinde hücre yeşil, düşüşte kırmızı; ayrıca MACD Line>0 ise koyu yeşil.
ADX: DI periyoduna ve smoothing’e göre hesaplanan trend gücü (ADX>Threshold yeşil, ADX≤Threshold kırmızı; ADX>40 ise koyu yeşil ile güçlü trend vurgusu).
Girdiler
RSI Periyodu (varsayılan 14)
MACD Hızlı/Yavaş/Sinyal periyotları (12/26/9)
ADX (DI) Periyodu ve Smoothing (varsayılan 14/14)
ADX Trend Eşik (varsayılan 25)
Kullanım
Farklı periyotlarda eşgüdümlü yeşil sinyaller güçlü trend onayıdır.
RSI, MACD ve ADX kombinasyonu ile giriş/çıkış zamanlamasını ve trendin gücünü hızlıca analiz edin.
Not: Tüm teknik analiz araçlarında olduğu gibi, sinyallerin doğruluğu piyasa koşullarına bağlıdır. Kendi risk yönetimi kurallarınızla birlikte kullanınız.
Twitter: x.com
EMA/SMA Ribbon Pro (AUTO HTF + Labels)This indicator is a multi-timeframe (MTF) moving average ribbon that dynamically adjusts to the next highest timeframe. It provides a visual representation of market trends by stacking multiple EMAs and SMAs with customizable color fills and labels.
Features
✅ Multi-Timeframe (MTF) Support: Automatically detects the next highest time frame or allows for manual selection
✅ Customizable Moving Averages: Supports EMA and SMA with different lengths for flexible configuration
✅ Ribbon Visualization: Smooth color transitions between different moving averages for better trend identification
✅ Crossover Labels: Detects bullish and bearish EMA/SMA crossovers and marks them on the chart
✅ Price Labels & Timeframe Display: Displays moving average values to the right of the price axis with customizable label padding and colors
How It Works
Select the HTF mode: Manual or automatic
Choose EMA/SMA lengths to create different ribbons
Enable/disable price labels for each moving average
Customize colors and transparency for ribbons and labels
Crossover labels appear when faster moving averages cross slower ones and vice versa
Use Cases
📌 Trend Identification: Identify bullish and bearish trends using multiple EMAs and SMAs
📌 Support & Resistance Zones: MAs can act as dynamic support and resistance levels
📌 Reversal & Confirmation Signals: Watch for MTF crossovers to confirm trend changes
Customization
🔹 Standard EMA Lengths: 6, 8, 13, 21, 34, 48, 100, 200, 300, 400
🔹 SMA Lengths: 48, 100, 200
🔹 Color Adjustments: Set custom colors for bullish/bearish ribbons
🔹 Crossovers: Enable/disable custom crossover pairs (e.g., 100/200 EMA, 200 EMA/SMA).
This indicator is perfect for traders who rely on multi-timeframe confluence while seeking to enhance their market analysis and decision-making process.
As always, by combining EMA/SMA Ribbon with other tools, traders ensure that they are not relying on a single indicator. This layered approach can reduce the likelihood of false signals and improve overall trading accuracy.
As always, be sure to use any indicator with price action and volume indicators for better trade confirmation!
Enhanced Buy/Sell Pressure, Volume, and Trend Bar analysisEnhanced Buy/Sell Pressure, Volume, and Trend Bar Analysis Indicator
Overview
This indicator is designed to help traders identify buy and sell pressure, volume changes, and overall trend direction in the market. It combines multiple concepts like price action, volume, and trend analysis, candlestick anaysis to provide a comprehensive view of market dynamics. The visual elements are intuitive, making it suitable for traders at different levels. This indicator works together with Enhanced Pressure MTF Screener which is a screener based of this indicator to make it easier to see Bullish/Bearish pressures and trend across multiple timeframes.
Image below: is the Enhanced Buy/Sell Pressure, Volume, and Trend Bar Analysis with the Enhanced Pressure MTF Screener indicator both active together.
Key Features
1.Buy/Sell Pressure Identification
Buy Pressure: Calculated based on price movement where the close price is higher than the opening price.
Sell Pressure: Calculated when the closing price is equal to or lower than the opening price.These pressures help you understand whether buyers or sellers are more dominant for each bar.
2.Volume Analysis
Normalized Volume: Volume data is normalized, making it easier to compare volume levels over different periods.
Volume Histogram: The volume is also presented as a histogram for easy visualization, showing whether the current volume is higher or lower compared to the average.
3.Simplified Coloring Option
You can choose to simplify the coloring of bars to reflect the dominant pressure: green for bullish pressure and red for bearish pressure. This makes it visually easier to identify who is in control. When simplified coloring is disabled, the bars' colors will represent the combined effect of buy and sell pressure.
4.Heikin-Ashi Candles for Pressure Calculation
The indicator includes an option to use Heikin-Ashi candles instead of traditional candles to calculate buy and sell pressure. Heikin-Ashi candles are known for smoothing out price action and providing a clearer trend representation.
5.Trend Background Coloring
This feature uses exponential moving averages (EMAs) to determine the trend:
Short-Term EMA vs. Long-Term EMA: When the short-term EMA is above the long-term EMA, the trend is considered bullish, and vice versa.
The background color changes based on the identified trend: green for an uptrend and red for a downtrend. This feature helps visualize the overall market direction at a glance.
6.Signals for Key Price Actions
The indicator plots various symbols to signal important price movements:
Bullish Close (▲): Indicates a strong upward movement where the close price crosses above the open.
Bearish Close (▼): Indicates a downward movement where the close price falls below the open.
Higher High (•): Highlights new highs compared to previous bars, useful for confirming an uptrend.
Lower Low (•): Highlights lower lows compared to previous bars, which can indicate a downtrend or bearish pressure.
Calculations Explained
1.Buy and Sell Pressure Calculation
The buy pressure is determined by the price range (high - low) if the closing price is above the opening price, indicating an increase in value.
The sell pressure is similarly calculated when the closing price is equal to or below the opening price.
The indicator uses the Average True Range (ATR) for normalization. Normalizing helps you compare pressure across different periods, regardless of market volatility.
2.Volume Normalization
Volume Normalization: To make volume comparable across different periods, the indicator normalizes it using the Simple Moving Average (SMA) of volume over a user-defined length.
Volume Histogram: The histogram provides a clear representation of volume changes compared to the average, making it easier to spot unusual activity that may indicate market shifts.
3.Combined Pressure Calculation
The indicator calculates a combined pressure value by subtracting sell pressure from buy pressure.
When combined pressure is positive, buying is dominant, and when negative, selling is dominant. This helps in visually understanding the ongoing momentum.
4.Trend Calculation
The indicator uses two EMAs to determine the trend:
Short-Term EMA (default 14-period) to capture recent price movements.
Long-Term EMA (default 50-period) to provide a broader trend perspective.
By comparing these EMAs on a higher timeframe, the indicator can identify whether the trend is up or down, making it easier for traders to align their trades with the larger market movement.
Inputs and Customization
The indicator provides several options for customization, allowing you to adjust it to your preferences:
SMA Length: Determines the lookback period for moving averages and volume normalization. A longer length provides more smoothing, whereas a shorter length makes the indicator more responsive.
Buy/Sell/Volume Colors: Customize the colors used to represent buying, selling, and volume to suit your preferences.
Heikin Ashi Option: Toggle between using Heikin Ashi or traditional OHLC (Open-High-Low-Close) candles for pressure calculations.
Trend Timeframe and EMA Periods: You can choose different timeframes and EMA periods for trend analysis to suit your trading strategy.
How to Use This Indicator
Identifying Market Momentum: Use the buy/sell pressure columns to see which side (buyers or sellers) is in control. Positive pressure combined with green color indicates strong buying, while red indicates selling.
Volume Confirmation: Check the volume area plot and histogram. High volume coupled with strong pressure is a sign of conviction, meaning the current move has backing from market participants.
Trend Identification: The trend background color helps identify the overall trend direction. Trade in the direction of the trend (e.g., take long positions during a green background).
Signal Indicators: The plotted symbols like "Bullish Close" and "Bearish Close" provide visual signals of key price actions, useful for timing entry or exit points.
Practical use Example
Scenario: The market is consolidating, and you see alternating green and red bars.
Action: Wait for a consistent sequence of green bars (buy pressure) along with a green background (uptrend) to consider going long, although you can go long without having a green background, the background adds confirmation layer.
Scenario: The market has several bearish closes (red ▼ symbols) accompanied by increasing volume.
Action: This could indicate strong selling pressure. If the background also turns red, it might be a good time to exit long positions or consider shorting.
Higher timeframe pressure and volume: Another way to use the indicator is to check buy/sell volume and pressure of the higher timeframe say weekly or daily or any timeframe you consider higher, once you’ve identified or feel confident in which direction the bar is going along with the full picture of trend, you can go to the lower timeframe and wait for it to sync with the higher timeframe to consider a long or a short. It is also easier to see when markets sync up by also applying the Enhanced Pressure MTF Screener which works in companion to this indicator.
Visual Cues and Interpretation
Combined Pressure Plot: The green and red column plot at the bottom of the chart represents the dominance between buying and selling. Tall green bars signify strong buying, while tall red bars indicate selling dominance.
Trend Background: Helps visualize the overall direction without manually drawing trend lines. When the background turns green, it generally indicates that the shorter-term moving average has crossed above the longer-term average—a sign of a bullish trend.
To Summarize shortly
The Enhanced Buy/Sell Pressure, Volume, and Trend Bar Analysis Indicator is an advanced but simple tool designed to help traders visually understand market dynamics. It combines different aspects of market analysis of candle pressure from buyers and sellers, volume confirmation, and trend identification into a single view, which can assist both new and experienced traders in making informed trading decisions.
This indicator:
Saves time by simplifying market analysis.
Provides clear visual cues for buy/sell pressure, volume, and trend.
Offers customizable settings to suit individual trading styles.
Always, I am happy to share my creations with you all for free. If you guys have cool ideas you would like to share, or suggestions for improvements the comment is below and I hope this overview gave an idea of how to use the indicator :D
Multi Timeframe Indicator Signals [pAulseperformance]█ Concept:
In this TradingView Pine Script publication, we introduce a powerful tool that offers extensive capabilities for traders and analysts. With a focus on combining multiple indicators, analyzing various timeframes, and fine-tuning your trading strategies, this tool empowers you to make informed trading decisions.
█ Key Features:
1. Combining Multiple Rules with AND / OR Operations
• Example: You can combine the Relative Strength Index (RSI) with the Moving Average Convergence Divergence (MACD) by selecting the "AND" operation. This ensures that you only get a signal when both indicators generate signals. Alternatively, you can add custom indicators and select "OR" to create more complex strategies.
2. Selecting Multiple Indicators on Different Timeframes
• Analyze the same indicator on different timeframes to get a comprehensive view of market conditions.
3. Reversing Signals
• Reverse signals generated by indicators to adapt to various market conditions and strategies.
4. Extending Signals
• Extend signals by specifying conditions such as "RSI cross AND MA cross WITHIN 2 bars."
5. Feeding Results into Backtesting Engine
• Evaluate the performance of your strategies by feeding the results into a backtesting engine.
█ Available Indicators:
External Inputs
• Combine up to 4 custom indicators to assess their effectiveness individually and in combination with other indicators.
MACD (Moving Average Convergence Divergence)
• Analyze MACD signals across multiple timeframes and customize your strategies.
• Signal Generators:
• Signal 1: 🔼 (+1) MACD ⤯ MACD Signal Line 🔽 (-1) MACD ⤰ MACD Signal Line
• Signal 2: 🔼 (+1) MACD ⤯ 0 🔽 (-1) MACD ⤰ 0
• Filter 1: 🔼 (+1) MACD > 0 🔽 (-1) MACD < 0
RSI (Relative Strength Index)
• Utilize RSI signals with flexibility across different timeframes.
• Signal Generators:
• Signal 1: 🔼 (+1) RSI ⤯ Oversold 🔽 (-1) RSI ⤰ Overbought
• Signal 2: 🔼 (+1) RSI ⤰ Oversold 🔽 (-1) RSI ⤯ Overbought
• Filter 1: 🔼 (+1) RSI <= Oversold 🔽 (-1) RSI >= Overbought
MA1 and MA2 (Moving Averages)
• Choose from various types of moving averages and analyze them across multiple timeframes.
• Signal Generators:
• Filter 1: 🔼 (+1) Source Above MA 🔽 (-1) Source Below MA
• Filter 2: 🔼 (+1) MA Rising 🔽 (-1) MA Falling
• Signal 1: 🔼 (+1) Source ⤯ MA 🔽 (-1) Source ⤰ MA
Bollinger Bands
• Multi Time Frame
• Signal Generators:
• Signal 1: 🔼 (+1) Close ⤯ BBLower 🔽 (-1) Close ⤰ BBUpper
• Signal 2: 🔼 (+1) Close ⤰ BBLower 🔽 (-1) Close ⤯ BBUpper
Stochastics
• Customize your MTF Stochastics analysis between Normal Stochastic and Stochastic RSI.
• Signal Generators:
• Filter 1: 🔼 (+1) K < OS 🔽 (-1) K > OB
• Signal 1: 🔼 (+1) K ⤯ D 🔽 (-1) K ⤰ D
• Signal 2: 🔼 (+1) K ⤯ OS 🔽 (-1) K ⤰ OB
• Signal 3: 🔼🔽 Filter 1 And Signal 1
Ichimoku Cloud
• MTF
• Signal Generators:
• Signal 1: 🔼 (+1) Close ⤯ Komu Cloud 🔽 (-1) Close ⤰ Komu Cloud
• Signal 2: 🔼 (+1) Kumo Cloud Red -> Green 🔽 (-1) Kumo Cloud Green -> Red
• Signal 3: 🔼 (+1) Close ⤯ Kijun Sen 🔽 (-1) Close ⤰ Kijun Sen
• Signal 4: 🔼 (+1) Tenkan Sen ⤯ Kijun Sen 🔽 (-1) Tenkan Sen ⤰ Kijun Sen
SuperTrend
• MTF
• Signal Generators:
• Signal 1: 🔼 (+1) Close ⤯ Supertrend 🔽 (-1) Close ⤰ Supertrend
• Filter 1: 🔼 (+1) Close > Supertrend 🔽 (-1) Close < Supertrend
Support And Resistance
• Receive signals when support/resistance levels are breached.
Price Action
• Analyze price action across various timeframes.
• Signal Generators:
• Signal 1 (Bar Up/Dn): 🔼 (+1) Close > Open 🔽 (-1) Close < Open
• Signal 2 (Consecutive Up/Dn): 🔼 (+1) Close > Previous Close # 🔽 (-1) Close < Previous Close #
• Signal 3 (Gaps): 🔼 (+1) Open > Previous High 🔽 (-1) Open < Previous Low
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Unlock the full potential of these indicators and tools to enhance your trading strategies and improve your decision-making process. With over 10 indicators and more than 30 different ways to generate signals you can rapidly test combinations of popular indicators and their strategies with ease. If your interested in more indicators or I missed a strategy, leave a comment and I can add it in the next update.
Happy trading!
Market Dynamics Pro [ChartPrime]ChartPrime Market Dynamics Pro is designed to cater to those traders who are more interested in market structures, price action and fundermentals. Analysing volume, key levels in the market, market phases and multi-timeframe can help a trader build a clearer and more actionable view of the market. ChartPrime performs analysis on data in a unique way therefore attempting to give insights into the market otherwise unseen.
Major Features:
Order blocks: The ChartPrime order blocks provide sleek and clear levels in the market where the price might find support and resistance. It is important to note this data isn't availible currently therefore these are derived from data outside of order books. Order blocks are segmented into 4 sections reflecting the volume at a given levels. Low, Medium, High and very high based on relevant and dynamic averages. This allows a trader to identify how significant a level is in the market in a simpler method. Bearish order blocks have a red color bias and bullish order blocks have a green color bias allowing a trader to identify what type of order block it is. The order blocks also dynamically show the remaining volume at that given level.
Pattern Detection: ChartPrime leverages unique pattern identification methods providing earlier and cleaner chart formations. Patterns are commonly used in trading to assess whether bulls or bears are performing optimally in a market or losing strength. ChartPrime identifies; Ascending wedges, descending wedges, symmetrical Triangles, H&S, iH&S, broadening wedges and double tops/bottoms. Patterns often have associated theory behind them for entries and targets that we suggest a trader covers before using this feature. ChartPrime also allow for the user to adjust where a pattern is drawn from. In pattern theory there are 2 main approaches to drawing a formation; from candle body and candle wick. ChartPrime allows for this to be adjusted by a user and also allow for alerts to be set on these patterns.
MTF SR: Taking into account multi timeframes when trading is a key idea. Having ideas of the larger market moves can provide deeper context when trading. ChartPrime Market Dynamics Pro allows for 3 varying SR plots from 3 varying user desired timeframes. These are graded via pivot analysis and grid analysis. This rank is on a 1-10 scale with 1 being the highest rank and 10 is the lowest.
Market Stucutures : These labels are commonly found and used by the Smart Money community. They denote a break of stucture and a chance of character. BOS are labelled when the price breaks a lower low or higher high (in the trending markets) and a CoC occurs when price breaks a trending market pivot. These break a market into clearer breakouts of price action and can help a trader deduce relevant moves. The indicator allows for the user to adjust the detection length of these structures.
Premium and Discount Zones: Premium and Discount zones are underpinned by a simple piece of logic. A premium zone is taken from a higher swing point and the discount from a lower swing point. Although a very generic approach this can show areas in the market that could see a reaction. An asset being in a discount zone implies the price is undervalued. An asset being in a premium zone implies the asset is overpriced or overextended. These are excellent when used in confluence with other SR methods. These naturally will have a delay as they are derived from swing points in a market but still are extremely relevant levels.
Fair Value Gaps: These are gaps in the market where price has seen a highly volatile move and they are assumed to act as magnets in the market. The price may come back and visit these 'gaps' after the move has occured. These are a common technique now used by traders and added to this toolkit for convinience.
Settings:
Order Blocks: Select the scale of the order blocks displayed
BoS/CoC: Toggle these on/off and adjust the lookback on these market structures
Premium/Discount Zones: Toggle on/off and adjust lookback
Enable FVG: Toggle on/off FVGs
Swing Levels: Enable basic swing levels in market
MTF Support/Resistance: Enable and select the relevant timeframe to obtain MTF SR levels on your chart. Up to 3 timeframes at a time.
Predictive Ranges: Toggle on/off
Trend Lines Detection: Toggle on/off trendlines
Wedge Detection: Adjust how patterns are detected; whether from wick or candle body
Toggles provided for relevant patterns.
Example usecases:
ChartPrime order blocks give a deeper insight into market support and resistance levels. Looking for order blocks labelled with High can indicate this level being a significant support or resistance in the market. Adding in further confluences here can assist further in deciding where the price may see a reaction. Take the screenshot below:
Adding in confluences from other timeframes can also help give a broader view. Using the multi time frame graded frame support and resistance levels we can use these to further assist us in finding significant levels in the market.
ChartPrime also provides breaker blocks. These are still significant levels in the market despite being "broken" prior. These too can be used in a classical manor and act as relevant areas in the market. These are particularly effective when used in confluence with Premium and discount zones. We can see in the example below price sees a strong reaction and bounces at these levels.
Market Dynamics Pro provides a comprehensive toolkit of unique features and mixes in the classical concepts allowing for a cleaner charting experience.
All content and indicators provided by ChartPrime are purely for informational & educational purposes only. Past performance does not guarantee future results.
UFO + Realtime Divergences (UO x MFI)UFO + Realtime Divergences (UO x MFI) + Alerts
The UFO is a hybrid of two powerful oscillators - the Ultimate Oscillator (UO) and the Money Flow Index (MFI)
Features of the UFO include:
- Optional divergence lines drawn directly onto the oscillator in realtime.
- Configurable alerts to notify you when divergences occur, as well as centerline crossovers.
- Configurable lookback periods to fine tune the divergences drawn in order to suit different trading styles and timeframes.
- Background colouring option to indicate when the oscillator has crossed its centerline.
- Alternate timeframe feature allows you to configure the oscillator to use data from a different timeframe than the chart it is loaded on.
- 2x MTF triple-timeframe Stochastic RSI overbought and oversold confluence signals painted at the top of the panel for use as a confluence for reversal entry trades.
The core calculations of the UFO+ combine the factory settings of the Ultimate Oscillator and Money Flow Index, taking an average of their combined values for its output eg:
UO_Value + MFI_Value / 2
The result is a powerful oscillator capable of detecting high quality divergences, including on very low timeframes and highly volatile markets, it benefits from the higher weighting of the most recent price action provided by the Ultimate Oscillators calculations, as well as the calculation of the MFI, which incorporates volume data. The UFO and its incorporated 2x triple-timeframe MTF Stoch RSI overbought and oversold signals makes it well adapted for low timeframe scalping and regular divergence trades in particular.
The Ultimate Oscillator (UO)
Tradingview describes the Ultimate Oscillator as follows:
“The Ultimate Oscillator indicator (UO) is a technical analysis tool used to measure momentum across three varying timeframes. The problem with many momentum oscillators is that after a rapid advance or decline in price, they can form false divergence trading signals. For example, after a rapid rise in price, a bearish divergence signal may present itself, however price continues to rise. The Ultimate Oscillator attempts to correct this by using multiple timeframes in its calculation as opposed to just one timeframe which is what is used in most other momentum oscillators.”
You can read more about the UO and its calculations here
The Money Flow Index ( MFI )
Investopedia describes the True Strength Indicator as follows:
“The Money Flow Index ( MFI ) is a technical oscillator that uses price and volume data for identifying overbought or oversold signals in an asset. It can also be used to spot divergences which warn of a trend change in price. The oscillator moves between 0 and 100. Unlike conventional oscillators such as the Relative Strength Index ( RSI ), the Money Flow Index incorporates both price and volume data, as opposed to just price. For this reason, some analysts call MFI the volume-weighted RSI .”
You can read more about the MFI and its calculations here
The Stochastic RSI (relating to the built-in MTF Stoch RSI feature)
The popular oscillator has been described as follows:
“The Stochastic RSI is an indicator used in technical analysis that ranges between zero and one (or zero and 100 on some charting platforms) and is created by applying the Stochastic oscillator formula to a set of relative strength index ( RSI ) values rather than to standard price data. Using RSI values within the Stochastic formula gives traders an idea of whether the current RSI value is overbought or oversold. The Stochastic RSI oscillator was developed to take advantage of both momentum indicators in order to create a more sensitive indicator that is attuned to a specific security's historical performance rather than a generalized analysis of price change.”
You can read more about the Stochastic RSI and its calculations here
How do traders use overbought and oversold levels in their trading?
The oversold level, that is when the Stochastic RSI is above the 80 level is typically interpreted as being 'overbought', and below the 20 level is typically considered 'oversold'. Traders will often use the Stochastic RSI at an overbought level as a confluence for entry into a short position, and the Stochastic RSI at an oversold level as a confluence for an entry into a long position. These levels do not mean that price will necessarily reverse at those levels in a reliable way, however. This is why this version of the Stoch RSI employs the triple timeframe overbought and oversold confluence, in an attempt to add a more confluence and reliability to this usage of the Stoch RSI .
What are divergences?
Divergence is when the price of an asset is moving in the opposite direction of a technical indicator, such as an oscillator, or is moving contrary to other data. Divergence warns that the current price trend may be weakening, and in some cases may lead to the price changing direction.
There are 4 main types of divergence, which are split into 2 categories;
regular divergences and hidden divergences. Regular divergences indicate possible trend reversals, and hidden divergences indicate possible trend continuation.
Regular bullish divergence: An indication of a potential trend reversal, from the current downtrend, to an uptrend.
Regular bearish divergence: An indication of a potential trend reversal, from the current uptrend, to a downtrend.
Hidden bullish divergence: An indication of a potential uptrend continuation.
Hidden bearish divergence: An indication of a potential downtrend continuation.
How do traders use divergences in their trading?
A divergence is considered a leading indicator in technical analysis , meaning it has the ability to indicate a potential price move in the short term future.
Hidden bullish and hidden bearish divergences, which indicate a potential continuation of the current trend are sometimes considered a good place for traders to begin, since trend continuation occurs more frequently than reversals, or trend changes.
When trading regular bullish divergences and regular bearish divergences, which are indications of a trend reversal, the probability of it doing so may increase when these occur at a strong support or resistance level . A common mistake new traders make is to get into a regular divergence trade too early, assuming it will immediately reverse, but these can continue to form for some time before the trend eventually changes, by using forms of support or resistance as an added confluence, such as when price reaches a moving average, the success rate when trading these patterns may increase.
Typically, traders will manually draw lines across the swing highs and swing lows of both the price chart and the oscillator to see whether they appear to present a divergence, this indicator will draw them for you, quickly and clearly, and can notify you when they occur.
Setting alerts.
With this indicator you can set alerts to notify you when any/all of the above types of divergences occur, on any chart timeframe you choose.
Configurable pivot period.
You can adjust the default pivot lookback values to suit your prefered trading style and timeframe. If you like to trade a shorter time frame, lowering the default lookback values will make the divergences drawn more sensitive to short term price action.
Disclaimer: This script includes code from the stock UO and MFI by Tradingview as well as the Divergence for Many Indicators v4 by LonesomeTheBlue.
VWAP Suite█ OVERVIEW
This indicator is an attempt to bring all VWAP functionalities under one umbrella suite, the existing VWAPs are great and this was made to provide all functionalities. (pending more updates as well)
█ FEATURES
Multiple VWAPs MTF
Individual Band configuration
Previous vwap closes
Date tracking of previous closes
MTF Options
Enabling the other VWAPS with any timeframe will allow the user to use the "VWAP Anchor" setting to choose what HTF Vwap to be displayed
"Prev Close"
This setting enables all historical closes to be displayed with extension
"Track Dates"
Can be used to keep date information of 2 previous closes and further back
█ HOW TO USE IT
The indicator is quite straight forward in its application, as you would expect of a normal VWAP.
At the top of the settings pane the indicator has some functionality that would control the VWAPs globally, e.g. disabling show bands disables all bands for all the VWAPs.
Each VWAP has individual settings that can be controlled such as coloring, which bands enabled, previous closes, labelling...
█ SUGGESTION
My suggestion for clarity is to use 1 VWAP with bands, and a 2nd with no bands + Previous close enabled at a higher timeframe
█ LIMITATIONS OF PINE (Please read)
I see many users going on different indicators with MTF in mind and trying to use it for LTF data e.g. 1hour chart, and selecting 5min in chart settings.
This is not recommended by the team themselves and should be noted for use always use HTF: www.tradingview.com
To understand how to use VWAP please refer to some education that can be found for free online
Heres an example of a trader using the tool himself: www.youtube.com
█ Future Updates:
Previous Close Line extensions
Previous Highs and Lows of VWAP mapped out for users
Suggestions Welcome!
MACD Cross [Momentum & Trend Filter]This is MTF MACD crossover and crossunder, with EMA trend filter and MTF RSI overbought/oversold filter.
Guidelines:
- User can set stop loss, take profit target and risk to reward ratio in setting
- ATR Stop and ATR Multiplier are use to set stop loss and take profit levels, setting are varies depend on what you are trading, play around and find appropriate number
- Don't trade if range between stop loss and target profit are too small or if there are too many small range try to increase multiplier
- If MACD Zero Line Filter enable, detect MACD crossover only under zero line for LONG, and detect MACD crossunder only above zero line for SHORT
- If EMA Trend Filter enable, detect MACD crossover which price above EMA for LONG, and detect MACD crossunder which price below EMA for SHORT
- RSI timeframe 1-3 should not lower than chart timeframe to display Overbought and Oversold correctly
- Enable MTF Overbought and Oversold just to display red background for Overbought, and green background for Oversold
There are 3 alert options:
(For those free user which can get only 1 alert, please choose "MACD crossover & crossunder" if you want to get alert for both long and short directions)
Have fun :)
