[ADOL_]Trend_Oscillators_MTF
ENG) Trend_Oscillator_MTF
introduction)
This is a trend analyzer implemented in the form of an oscillator.
An oscillator is a technical analysis tool that identifies the direction of market trends and determines the time period. Making it an oscillator means creating range. By setting the upper and lower limits like this, the unlimited expansion area that can appear on the chart is limited. As a limited area is created, we can identify oversold and overbought areas, which is good for checking momentum.
Through oscillatorization, you can find overbought, oversold, and current trend areas.
It adopts MTF and is a simple but functional indicator.
To use multiple time frames, use the timeframe.multiplier function.
A table was created using the table.new function, and various information windows were installed on the right side of the chart.
I hope this can be a destination for many travelers looking for good landmarks.
- 8 types of moving averages can be selected (in addition to independently developed moving averages), trend area display, signal display, up to 3 multi-time chart overlapping functions, information table display, volatility and whipsaw search, and alerts are possible.
- You can set various time zones in Timeframe. With three timeframes, you can check the conditions overlapping time at a glance.
principle)
Set up two moving averages with different speeds and make the relative difference.
Create the speed difference between the two moving averages using methods such as over = crossover(fast, slow) and under = crossunder(fast, slow).
The point at which the difference in relative speed decreases is where the possibility of inflection is high. Through the cross code, you can find out when the speed difference becomes 0.
Simply crossing the moving average is easy. To fine-tune the speed difference, it is necessary to re-establish the relationship between functions.
Painting the green and red areas is designed to be painted when the three time frames overlap.
Using the code of fill(fast, slow, color = fast>= slow? color.green: color.red, transp = 80, title = "fillcolor")
You can color and distinguish areas.
MA: You can select the MA_type. This is a necessary option because the profit/loss ratio for each item varies depending on the type of moving average.
Start: The starting value to set the oscillator range.
End: This is the last value to set the oscillator range.
Lenght: This is the number of candles used to calculate the calculation formula in the oscillator.
Timeframe: Set the time to overlap with up to 3 time frames.
repaint: You can choose whether to apply repaint. The default is OFF.
The coding for repaint settings for the indicator was written using the recommended method recommended by TradingView.
reference :
security(syminfo.tickerid, tf, src)
Trading method)
With the Multi-Time-Frame (MTF) function, the time zone set in the indicator is displayed the same in any chart time zone.
The repaint problem that occurred when using MTF was resolved by referring to TradingView's recommended code.
User can decide whether to repaint or not. The default is OFF.
- signal
Buy and Sell signals are displayed when there are 3 stacks. Even if there is no triple overlap, you can decide to buy or sell at the point where the short-term line and long-term line intersect.
Entry is determined through Buy and Sell signals, and exit is determined through BL (BuyLoss) and SL (SellLoss).
BL and SL can also be applied as entry.
You can judge overlap by the color of the lines. When two conditions overlap, it is orange, and when one condition overlaps, it is blue.
- Divergence
Divergence is a signal that arises from a discrepancy between the oscillator and the actual price.
Divergence can be identified because the range is set with conditions that have upper and lower limits.
- trend line
As shown in the picture, draw a downward trend line connecting the high points in the same area.
As shown in the picture, an upward trend line is drawn connecting the low points in the same area.
It can be used to view trend line breakout points that candles cannot display.
- Find a property for sale by amplitude
When the low point in the red area and the high point in the green area occur, the difference is regarded as one amplitude and the range is set.
Here, one amplitude becomes a pattern value that can go up or down, and this pattern value acts as support/resistance. It was developed in a unique way that is different from traditional methods and has a high standard of accuracy. This works best when using that indicator. Use 1, 2, 3, or 4 multiples of the amplitude range.
A multiple of 2 is a position with a high probability of a retracement.
- Whipsaw & volatility search section
Whipsaw refers to a trick that causes frequent trading in a convergence zone or confuses the trend in the opposite direction before it occurs. Whip saws are usually seen as having technical limitations that are difficult to overcome.
To overcome this problem, the indicator was created to define a section where whipsaw and volatility can appear. If a whipsaw & volatility indicator section occurs, a big move may occur later.
Alert)
Buy, Sell, BuyLoss, SellLoss, Whipsaw alert
Disclaimer)
Scripts are for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You are solely responsible for evaluating the risks associated with your script output and use of the script.
KOR) 트렌드_오실레이터_MTF
소개)
이것은 오실레이터 형태로 구현된 트렌드 분석기 입니다.
오실레이터는 시장의 추세방향을 확인하고 기간을 결정하는 기술적 분석 도구입니다. 오실레이터로 만드는 것은 범위가 생기는 것을 의미합니다. 이렇게 상한과 하한을 정함으로써, 차트에서 나타날 수 있는 무제한적인 확장영역이 제한됩니다. 제한된 영역이 만들어짐에 따라 우리는 과매도와 과매수 구간을 식별할 수 있게 되며, 모멘텀을 확인하기 좋습니다.
오실레이터화를 통해, 과매수와 과매도, 현재의 트렌드 영역을 잘 찾을 수 있습니다.
MTF를 채택했으며, 단순하지만, 기능적으로 훌륭한 지표입니다.
멀티타임프레임을 사용하기 위해 timeframe.multiplier 함수를 사용합니다.
table.new 함수를 사용하여 table을 만들고, 차트 우측에 여러가지 정보창을 갖췄습니다.
좋은 지표를 찾는 많은 여행자들에게 이곳이 종착지가 될 수 있기를 바랍니다.
- 이평선 종류 8종 선택(독자적으로 개발한 이평선 추가), 추세영역표시, 시그널 표기, 최대 3개 멀티타임차트 중첩기능, 정보테이블 표시, 변동성과 휩쏘찾기, 얼러트가 가능합니다.
- Timeframe에서 다양한 시간대를 설정할 수 있습니다. 3개의 Timeframe을 통해 시간을 중첩한 조건을 한눈에 확인할 수 있습니다.
원리)
속도가 다른 두 개의 이평선을 설정하고 상대적인 차이를 만듭니다.
over = crossover(fast, slow) , under = crossunder(fast, slow) 와 같은 방법으로 두개의 이평선의 속도차이를 만듭니다.
상대적 속도의 차이가 줄어드는 시점은 변곡의 가능성이 높은 자리입니다. cross code를 통해 속도차가 0이 되는 시점을 알 수 있습니다.
단순히 이평선을 교차하는 것은 쉽습니다. 세밀하게 속도차이를 조정하는데 함수간의 관계를 다시 설정할 필요가 있습니다.
초록색과 빨간색의 영역을 칠하는 것은 3가지 타임프레임이 중첩될 때 칠하도록 만들어졌습니다.
fill(fast, slow, color = fast>= slow? color.green: color.red, transp = 80, title = "fillcolor") 의 코드를 사용하여
영역을 색칠하고 구분할 수 있습니다.
MA : MA_유형을 선택할 수 있습니다. 이평선의 종류에 따라 종목당 손익비가 달라지므로 꼭 필요한 옵션입니다.
Start : 오실레이터 범위를 설정할 시작값입니다.
End : 오실레이터 범위를 설정할 마지막값입니다.
Lenght : 오실레이터에서 계산식을 산출하기 위한 캔들의 개수입니다.
Timeframe : 최대 3개의 타임프레임으로 중첩할 시간을 설정합니다.
repaint : 리페인팅을 적용할지 선택할 수 있습니다. 기본값은 OFF 입니다.
해당 지표의 리페인트 설정에 관한 코딩은 트레이딩뷰에서 권장하는 추천 방법으로 작성되었습니다.
참고 :
security(syminfo.tickerid, tf, src)
매매방법)
Multi-Time-Frame(MTF) 기능으로 지표에서 설정한 시간대가 어느 차트 시간대에서나 동일하게 표시됩니다.
MTF 사용시 발생하는 리페인트 문제는 트레이딩뷰의 권장코드를 참고하여 해결했습니다.
사용자가 리페인트 여부를 결정할 수 있습니다. 기본값은 OFF 입니다.
- 시그널
시그널의 Buy와 Sell은 3중첩일 경우 표시됩니다. 3중첩이 아니라도 단기선과 장기선이 교차되는 시점에서 매매를 결정할 수 있습니다.
Buy와 Sell 시그널에서 진입을 결정하고 BL(BuyLoss)와 SL(SellLoss) 에서 exit를 결정합니다.
BL과 SL을 진입으로 응용할 수도 있습니다.
라인의 컬러로 중첩을 판단할 수 있습니다. 2개의 조건이 중첩되면 오렌지, 1개의 조건이 중첩되면 블루컬러입니다.
- 다이버전스
다이버전스는 오실레이터와 실제 가격의 불일치에서 발생하는 신호입니다.
상한과 하한이 있는 조건으로 범위를 설정하였기 때문에 다이버전스를 식별가능합니다.
- 추세선
그림과 같이 같은 영역의 고점을 이어 하락추세선을 긋습니다.
그림과 같이 같은 영역의 저점을 이어 상승추세선을 긋습니다.
캔들이 표시할 수 없는 추세선돌파 지점을 볼 수 있게 활용가능합니다.
- 진폭으로 매물대 찾기
빨간색 영역의 저점과 초록색 영역의 고점이 발생할 때, 그 차이를 하나의 진폭으로 보고 범위를 설정합니다.
여기서 하나의 진폭은 위나 아래로 갈 수 있는 패턴값이 되며, 이 패턴값은 지지/저항으로 작용합니다. 전통적인 방식에 없는 독창적인 방식으로 개발된 것으로 정확성 높은 기준입니다. 이것은 해당 지표를 사용할 때 가장 잘 맞습니다. 진폭 범위의 1배수,2배수,3배수,4배수 자리를 사용합니다.
2배수 자리는 다시 돌아오는 되돌림 확률이 높은 위치입니다.
- 휩쏘&변동성 찾기 구간
휩쏘는 수렴구간에서 잦은 매매를 유발하거나, 추세가 발생하기 전에 반대방향으로 혼란을 주는 속임수를 의미합니다. 휩쏘는 보통 극복하기 어려운 기술적 한계로 여겨집니다.
해당지표에서는 이를 극복하기 위해 휩쏘와 변동성이 나타날 수 있는 구간을 정의하도록 만들었습니다. 휩쏘&변동성 표시 구간이 발생하면 이후 큰 움직임이 발생할 수 있습니다.
얼러트)
Buy, Sell, BuyLoss, SellLoss, Whipsaw alert
면책조항)
스크립트는 정보 제공 및 교육 목적으로만 사용됩니다. 스크립트의 사용은 전문적 및/또는 재정적 조언으로 간주되지 않습니다. 스크립트 출력 및 스크립트 사용과 관련된 위험을 평가하는 책임은 전적으로 귀하에게 있습니다.
Cerca negli script per "mtf"
[ADOL_]Trend_Osilator_beta
ENG) Trend_Osilator_beta
Introduction)
This is an indicator that analyzes and displays trends.
By taking the form of an oscillator, upper and lower limits are established, which limits the unlimited range that can appear on the chart.
Through oscillatorization, you can find overbought, oversold, and current trend areas.
This version is a beta version, so signals and alerts do not occur.
It adopts MTF and is a simple but functional indicator. Complement your skills with the trading methods below.
To use multiple time frames, use the timeframe.multiplier function.
We created a table using the table.new function and displayed the time zone selected in the current indicator at the bottom right of the chart.
When using multiple indicators, you can easily distinguish the currently selected time.
Principle)
Set up two moving averages with different speeds and make the relative difference.
Create the speed difference between the two moving averages using methods such as over = crossover(fast, slow) and under = crossunder(fast, slow).
The point at which the difference in relative speed decreases is where the possibility of inflection is high. Through the cross code, you can find out when the speed difference becomes 0.
It was created by determining the green and red areas at the inflection point.
Using the code of fill(fast, slow, color = fast>= slow? color.green: color.red, transp = 80, title = "fillcolor")
You can color and distinguish areas.
MA: MA_type can be selected (limited)
Min: This is the starting value to set the oscillator range.
Max: This is the final value to set the oscillator range.
Lenght: This is the number of candles used to calculate the calculation formula in the oscillator.
repaint: You can choose whether to draw a repaint. The default is OFF.
The coding for repaint settings for the indicator was written using the optimal method recommended by TradingView.
Reference:
security(syminfo.tickerid, tf, src )
Trading method)
You can set different time zones in Timeframe. Even if you change the time frame of the chart, it is displayed based on the time set in the indicator.
If the timeframe is set to 4h in the indicator, the standard that occurs in 4h is retrieved and displayed even if the chart screen is adjusted to 15m or 30m.
This is a feature of Multi-Time-Frame (MTF). The repaint problem that occurred when using MTF was resolved by referring to TradingView's recommended code.
User can decide whether to repaint or not. The default is OFF.
In the green area, Buy is the dominant opinion, and in the red area, Sell is the dominant opinion. simple!
You can gain good insight by deciding to buy or sell without moving too far from the point where the area changes.
- Settings are the most common default values. It is also possible to change the settings, but leave the settings as is.
If you want to do short shots, you can select the time frame as 1 hour, 15 minutes, or whatever time you want. If you want to analyze big changes, you can select the time frame as 4 hours or daily.
The recommended basic time frame is 4 hours.
- Upward divergence
We confirm that 8/25 is the lowest point.
- trend line
- Find a property for sale by amplitud.
Breaking a trend line that candles cannot indicate, It can be used to view branches.
Disclaimer)
This indicator is not an indicator that guarantees absolute returns and is used for simple reference purposes. Accordingly, all trading decisions you make are solely your responsibility.
KOR) 트렌드_오실레이터_베타
소개)
이것은 트렌드를 분석하여 표기해주는 지표입니다.
오실레이터 형태를 갖춤으로써, 상한과 하한이 정해지며, 이로 인해 차트에서 나타날 수 있는 무제한적인 확장영역이 제한됩니다.
오실레이터화를 통해, 과매수와 과매도, 현재의 트렌드 영역을 잘 찾을 수 있습니다.
이 버전은 베타바전으로 시그널과 얼러트가 발생하지 않습니다.
MTF를 채택했으며, 단순하지만, 기능적으로 훌륭한 지표입니다. 아래 매매방법에서 능력을 보완하십시오.
멀티타임프레임을 사용하기 위해 timeframe.multiplier 함수를 사용합니다.
table.new 함수를 사용하여 table을 만들고, 차트 우측 하단에 현재 지표에서 선택한 시간대가 표시되도록 하였습니다.
여러개의 지표를 사용할 때 쉽게, 현재 선택된 시간을 쉽게 구분가능합니다.
원리)
속도가 다른 두 개의 이평선을 설정하고 상대적인 차이를 만듭니다.
over = crossover(fast, slow) , under = crossunder(fast, slow) 와 같은 방법으로 두개의 이평선의 속도차이를 만듭니다.
상대적 속도의 차이가 줄어드는 시점은 변곡의 가능성이 높은 자리입니다. cross code를 통해 속도차가 0이 되는 시점을 알 수 있습니다.
변곡점에서 초록색과 빨간색의 영역을 결정하는 방법으로 만들어졌습니다.
fill(fast, slow, color = fast>= slow? color.green: color.red, transp = 80, title = "fillcolor") 의 코드를 사용하여
영역을 색칠하고 구분할 수 있습니다.
MA : MA_유형을 선택할 수 있습니다.(제한적 사용)
Min : 오실레이터 범위를 설정할 시작값입니다.
Max : 오실레이터 범위를 설정할 마지막값입니다.
Lenght : 오실레이터에서 계산식을 산출하기 위한 캔들의 개수입니다.
repaint : 리페인팅을 그릴지 선택할 수 있습니다. 기본값은 OFF 입니다.
해당 지표의 리페인트 설정에 관한 코딩은 트레이딩뷰에서 권장하는 추천 방법으로 작성되었습니다.
참고 :
security(syminfo.tickerid, tf, src )
매매방법)
- Timeframe에서 다양한 시간대를 설정할 수 있습니다. 차트의 시간프레임을 바꿔도 지표에서 설정한 시간을 기준으로 표시해줍니다.
지표에서 Timeframe을 4h로 설정했다면, 차트화면을 15m으로 조정하거나 30m으로 조정해도 4h 에서 발생하는 기준을 가져와 보여줍니다.
이것은 Multi-Time-Frame(MTF)의 기능입니다. MTF 사용시 발생하는 리페인트 문제는 트레이딩뷰의 권장코드를 참고하여 해결했습니다.
사용자가 리페인트 여부를 결정할 수 있습니다. 기본값은 OFF 입니다.
초록색의 영역에서는 매수가 지배적인 의견이며, 빨간색의 영역에서는 매도가 지배적인 의견입니다. 단순!
영역이 바뀌는 시점에서 멀리 벗어나지 않고 매매를 결정하면 좋은 통찰력을 얻을 수 있습니다.
- 설정값은 가장 보편적인 기본값입니다. 설정값을 바꾸는 방법도 가능하지만, 설정값을 그대로 두고,
단타를 하고 싶으면 타임프레임을 1시간, 15분, 혹은 원하는 시간, 큰 변화를 분석하고 싶으면 타임프레임을 4시간, 날봉 으로 선택하면 되며,
추천하는 기본 시간프레임은, 4시간입니다.
- 상승다이버전스
를 통해 8/25이 최저점이 됨을 확인합니다. 하락다이버전스는 같은 원리로 반대방향으로 그릴 수 있습니다.
- 추세선
그림과 같이 같은 영역의 고점을 이어 하락추세선을 긋습니다. 상승추세선은 반대입니다.
캔들이 표시할 수 없는 추세선돌파 지점을 볼 수 있게 활용가능합니다.
- 진폭으로 매물대 찾기
빨간색 영역의 저점과 초록색 영역의 고점이 발생할 때, 그 차이를 하나의 진폭으로 보고 범위를 설정합니다.
여기서 하나의 진폭은 위나 아래로 갈 수 있는 패턴값이 되며, 이 패턴값은 지지/저항으로 작용합니다.
얼러트)
얼러트의 설정이 포함되어 있지 않습니다.
면책조항)
해당지표는 절대수익을 보장하는 지표가 아니며, 단순한 참고용으로 사용됩니다. 따라서, 귀하가 내리는 모든 거래 결정은 전적으로 귀하의 책임입니다.
RSI :: ALLinDivergence v10.0
Everything you see in this indicator has been designed with a single purpose, to ease your trading with simplify visual technical analysis of the market. It pulls data from 7 different TimeFrames and it can not be more simpler visual representation of its calculations when applied on chart.
When applied on chart, you will see GREEN/RED alternating MTF RSI line and its 70 overbought area and its 30 oversold area. There is a gentle purple colour line in the background which represents RSI line of the current TF (it is not crucial but it helps to know why MTF line turns RED or turns GREEN (crossing of those two).
HOW TO USE IT?
Rule 1.
TIMEFRAMES
Choose the best TimeFrame for the job. I use: 1min, 2min, 3min, 5min, 8min, 13min, 21min, 34min or 56min (golden ratio). You can also pick a different TF but only to up to 1h TF chart as it does not work well with TF over 1h. Smaller TF is used for SCALPING of DAY TRADING higher TF is used for SWING TRADING. You get the picture?
Rule 2
TO ENTER BUY/LONG POSITION: search for HigherLows on RSI MTF GREEN/RED LINE when it is coloured RED. To enter a position it should be confirmed with AALERT :: ALLinDivergence v 10.0 that "GREEN" Divergence is emerging.
TO ENTER SELL/SHORT POSITION: search for LowerHighs on RSI MTF GREEN/RED LINE when it is coloured GREEN. To enter a position it should be confirmed with ALERT :: ALLinDivergence v 10.0 that "RED" Divergence is emerging.
Rule 3
EXIT FROM BUY/LONG POSITION: search for HigherLows on RSI MTF GREEN/RED LINE.
EXIT FROM SELL/SHORT POSITION: search for LowerHighs on RSI MTF GREEN/RED LINE.
Rule 4
CAUTION
Do not rush to enter a position and try to predict what indicator will do next. It does not end well.
Be aware you are not exiting a position in panic that would be too soon or even worse, you get married to bad trade and you are not exiting even though you should exit by many signals you get.
Use risk management strategy to protect your capital.
Follow the rules and make your trading easier and better.
LuxAlgo® - Price Action Concepts™Price Action Concepts™ is a first of it's kind all-in-one indicator toolkit which includes various features specifically based on pure price action.
Order Blocks w/ volume data, real-time market structure (BOS, CHoCH, EQH/L) w/ 'CHoCH+' being a more confirmed reversal signal, a MTF dashboard, Trend Line Liquidity Zones (real-time), Chart Pattern Liquidity Zones, Liquidity Grabs, and much more detailed customization to get an edge trading price action automatically.
Many traders argue that trading price action is better than using technical indicators due to lag, complexity, and noisy charts. Popular ideas within the trading space that cater towards price action trading include "trading like the banks" or "Smart Money Concepts trading" (SMC), most prominently known within the forex community.
What differentiates price action trading from others forms of technical analysis is that it's main focus is on raw price data opposed to creating values or plots derived from price history.
Mostly all of the features within this script are generated purely from price action, more specifically; swing highs, swing lows, and market structure... which allows users to automate their analysis of price action for any market / timeframe.
🔶 FEATURES
This script includes many features based on Price Action; these are highlighted below:
Market structure (BOS, CHoCH, CHoCH+, EQH/L) (Internal & Swing) multi-timeframe
Volumetric Order Blocks & mitigation methods (bullish & bearish)
Liquidity Concepts
Trend Line Liquidity Zones
Chart Pattern Liquidity
Liquidity Grabs Feature
Imbalance Concepts MTF w/ multiple mitigation methods
Fair Value Gaps
Balanced Price Range
Activity Asymmetry
Strong/Weak Highs & Lows w/ volume percentages
Premium & Discount Zones included
Candle Coloring based on market structure
Previous Highs/Lows (Daily, Monday's, Weekly, Monthly, Quarterly)
Multi-Timeframe Dashboard (15m, 1h, 4h, 1d)
Built-in alert conditions & Any Alert() Function Call Conditions
Advanced Alerts Creator to create step-by-step alerts with various conditions
+ more (see changelog below for current features)
🔶 BASIC DEMONSTRATION
In the image above we can see a demonstration of the market structure labeling within this indicator. The automatic BOS & CHoCH labels on top of dashed lines give clear indications of breakouts & reversals within the internal market structure (short term price action). The "CHoCH+" label is also demonstrated as it triggers only if price has already made a new higher low, or lower high.
We can also see a solid line with a larger BOS label in the middle of the chart. This label demonstrates a break of structure taking into account the swing market structure (longer term price action). All of these labels are generated in real-time.
🔶 USAGE & EXAMPLES
In the image below we can see how a trade setup could be created using Order Blocks w/ volume metrics to find points of interest in the market, swing / internal market structure to get indications of longer & shorter term reversals, and trend line liquidity zones to find more likely impulses & breakouts within trends.
We can see in the next image below that price came down to the highest volume order block marked out previously as our point of interest for an entry used in confluence with the overall market structure being bullish (swing CHoCH). Due to price closing below the middle Order Block at (24.77%), we saw it was mitigated, and then price revisited liquidity above the Trend Line zone above, leading us to the first Order Block as a target.
You will notice the % values adjust as Order Blocks are touched & mitigated, aligning with the correct volume detected when the Order Block was established.
In the image below we can see more features from within Price Action Concepts™ indicator, including Chart Pattern Liquidity, Fair Value Gaps (one of many Imbalance Concepts), Liquidity Grabs, as well as the primary market structures & OBs.
By using multiple features as such, users can develop a greater interpretation of where liquidity rests in the market, which allows them to develop trading plans a lot easier. Liquidity Grabs are highlighted as blue/red boxes on the wicks during specific price action that indicates the market has made an impulse specifically to take out resting buy or sell side orders.
We can notice in the trade demonstrated below (hindsight example) how price often moves to the areas of the most liquidity, even if unexpected according to classical technical analysis performed by retail traders such as chart patterns. Wicks to take out orders above & potentially trap traders are much more noticeable with features such as these.
The Chart Patterns which can be detected include:
Ascending/Descending Wedges (Asc/Desc Wedge)
Ascending/Descending Broadening Wedges (Asc/Desc BW)
Ascending/Descending/Symmetrical Triangles (Asc/Desc/Sym Triangle)
Double Tops/Bottoms (Double Top/Double BTM)
Head & Shoulders (H&S)
Inverted Head & Shoulders (IH&S)
General support & resistance during undetected patterns
In the image below we can see more features from within the indicator, including Balanced Price Range (another imbalance method similar to FVG), Market Structure Candle Coloring, Accumulation & Distribution zones, Premium & Discount zones w/ a percentage on each zone, the MTF dashboard, as well as the Previous Daily Highs & Lows (one of many highs/lows) displayed on the chart automatically.
The colored candles use more specific market structure analysis, specifically allowing users to visualize when trends are considered "normal" or "strong". By utilizing other features alongside this market structure analysis, such as noticing price retesting the PDL level + the Equilibrium as resistance, a Balanced Price Range below price, the discount with a high 72% metric, and the MTF dashboard displaying an overall bearish structure...
...users can instantly gain a deeper interpretation of price action, make highly confluent trading plans while avoiding classical technical indicators, and use traditional retail trading concepts such as chart patterns / trend lines to their advantage in finding logical areas of liquidity & points of interest in the market.
The image below shows the previous chart zoomed in with 2 liquidity concepts re-enabled & used alongside a new range targeting the same Discount zone.
🔶 SETTINGS
Market Structure Internal: Allows the user to select which internal structures to display (BOS, CHoCH, or None).
Market Structure Swing: Allows the user to select which swing structures to display (BOS, CHoCH, or None).
MTF Scanner: See market structure on various timeframes & how many labels are active consecutively.
Equal Highs & Lows: Displays EQH / EQL labels on chart for detecting equal highs & lows.
Color Candles: Plots candles based on the internal & swing structures from within the indicator on the chart.
Order Blocks Internal: Enables Internal Order Blocks & allows the user to select how many most recent Internal Order Blocks appear on the chart as well as select a color.
Order Blocks Swing: Enables Swing Order Blocks & allows the user to select how many most recent Swing Order Blocks appear on the chart as well as select a color.
Mitigation Method: Allows the user to select how the script mitigates an Order Block (close, wick, or average).
Internal Buy/Sell Activity: Allows the user to display buy/sell activity within Order Blocks & decide their color.
Show Metrics: Allows the user to display volume % metrics within the Order Blocks.
Trend Line Liquidity Zones: Allows the user to display Trend Line Zones on the chart, select the number of Trend Lines visible, & their colors.
Chart Pattern Liquidity: Allows the user to display Chart Patterns on the chart, select the significance of the pattern detection, & their colors.
Liquidity Grabs: Allows the user to display Liquidity Grabs on the chart.
Imbalance Concepts: Allows the user to select the type of imbalances to display on the chart as well as the styling, mitigation method, & timeframe.
Auto FVG Threshold: Filter out non-significant fair value gaps.
Premium/ Discount Zones: Allows the user to display Premium, Discount , and Equilibrium zones on the chart
Accumulation / Distribution: Allows the user to display accumulation & distribution consolidation zones with an optional Consolidation Zig-Zag setting included.
Highs/Lows MTF: Displays previous highs & lows as levels on the chart for the previous Day, Monday, Week, Month, or quarter (3M).
General Styling: Provides styling options for market structure labels, market structure theme, and dashboard customization.
Any Alert() Function Call Conditions: Allows the user to select multiple conditions to use within 1 alert.
🔶 CONCLUSION
Price action trading is a widely respected method for its simplicity & realistic approach to understanding the market itself. Price Action Concepts™ is an extremely comprehensive product that opens the possibilities for any trader to automatically display useful metrics for trading price action with enhanced details in each. While this script is useful, it's critical to understand that past performance is not necessarily indicative of future results and there are many more factors that go into being a profitable trader.
🔶 HOW TO GET ACCESS
You can see the Author's instructions below to get instant access to this indicator & our premium suite.
Aladin 2.0 — Invite‑Only (Custom Smoother + Supertrend Filter)Aladin 2.0 invite‑only by @AryaTrades69
Overview
Aladin 2.0 blends a proprietary multi‑stage smoother baseline, volatility envelopes, and a Supertrend‑based ATR trailing filter to structure clean, bar‑close signals. Optional “golden‑zone style” retracement gating and mapped SL/TP zones are included. This is a tool for analysis, accuracy is best when you add manual confluence (trendlines, support/resistance) to filter out low‑quality signals.
What’s inside
Proprietary multi‑stage smoother (baseline)
Custom smoothed baseline with adjustable length and a smoothing coefficient. Drives core breakout logic without revealing internal formulas.
Volatility envelopes
Breakout candidates when price closes beyond adaptive volatility bands.
Supertrend‑based trend filter (optional, MTF)
ATR‑trailing regime filter to keep signals aligned with trend; can run on higher timeframes.
Golden‑zone style retracement gate (optional)
Only allow signals within a defined pullback zone of the recent range.
Spacing & structure controls
Minimum bars between signals plus a simple HH/LL gate to avoid clustered whipsaws.
SL/TP mapping (optional)
SL from most recent confirmed swing; ATR fallback if no swing is found.
TP1/TP2/TP3 by user‑defined R:R; move SL to breakeven at TP1.
Shaded zones for SL and target area (time‑limited for clarity).
How to use
Choose your timeframe (intraday to swing). Signals compute on bar close.
Enable the trend filter for strictly trend‑aligned entries (Supertrend‑based ATR trail). MTF is supported.
Use the golden‑zone gate to prioritize higher‑quality pullbacks.
Validate with manual confluence:
Trendlines, structure breaks
Support/resistance or supply/demand
Session/volatility context
Optionally enable SL/TP areas, set R:R, and configure alerts.
Inputs (key controls)
Smoother length & smoothing coefficient (baseline sensitivity/lag)
Range period & multiplier (volatility envelopes)
Min bars between signals (signal frequency)
Trend filter (ATR trail): factor, ATR period, line smoothing, optional higher timeframe
Golden‑zone retracement: lookback, min/max bounds
SL/TP: swing lookback, ATR fallback, TP1/2/3 R:R, zone display width
Alerts
Long/Short signal on bar close
TP1/TP2/TP3 hit
SL hit / Breakeven event
(Setup: Add Alert → Condition: Aladin 2.0 → choose event)
MTF & repaint policy
Signals are calculated on bar close; the trend filter uses security with lookahead off.
Swing‑based SL uses confirmed pivots.
With an HTF filter enabled on an LTF chart, the HTF line/state finalizes when the HTF bar closes (standard MTF behavior).
Best practices
Not a set‑and‑forget system. Accuracy improves when you manually filter weaker signals with trendlines and support/resistance, and prioritize clean market structure.
Consider conservative settings or the trend filter during choppy, low‑volatility periods.
Access
Invite‑Only. Request access via TradingView PM to @AryaTrades69.
Redistribution or code extraction is not permitted.
Disclaimer
For educational purposes only. Not financial advice.
No guarantees of profitability. Trading involves risk. Do your own research.
Changelog (v2.0)
Optional MTF ATR‑trail trend filter (Supertrend concept)
Golden‑zone style retracement gating
Min‑bars spacing and basic HH/LL gating
SL/TP mapping with BE at TP1 and shaded zones
Stability and performance improvements
Fair Value Gap Suite Adrian V1.0.0Brief description
The “FVG Suite” identifies fair value gaps across multiple time units, evaluates them with a displacement score, optionally filters them according to market structure events (BOS/CHOCH), and provides context-based alerts for first touch, partial and full fills, and invalidation. The aim is to show only high-quality imbalances and trade them based on rules.
What makes the script unique (originality/added value)
Displacement score: Strength of the impulse movement as a combination of (body/ATR, range/ATR, volume Z-score).
MTF aggregator: FVGs from higher timeframes are collected, ranked, and displayed as zones on the active chart (including overlap clustering).
Structure context: Optionally, only FVGs after confirmed BOS/CHOCH in the trend direction, including premium/discount evaluation relative to the HTF range.
Adaptive invalidation: FVG expires after candles, opposing BOS or defined time (e.g., end of session).
Session/instrument filter: Time window (e.g., NY/LDN), minimum tick size, ATR-based minimum gap.
Smart fill logic: Distinguishes between first touch, partial fill (≥ %), full fill (100%); alarms per event.
Statistics overlay (optional): Hit rate/expectancy per TF & session for fine-tuning the filters.
How it works (conceptually)
FVG definition (3-candle pattern): Bullish if High < Low (bearish analog). Size = gap span in points.
Quality score:Score = w1*(|Body|/ATR) + w2*(Range/ATR) + w3*(Volume-Z), normalized to 0–100.
MTF scan: List of higher TFs: (customizable). Findings are merged, ranked, and displayed as zones with priority (color/opacity).
Context filter: Only FVGs that emerge after BOS/CHOCH in the direction of the current trend; optional exclusion in premium/discount areas.
Invalidation & alerts: A zone is considered active until the invalidation rule takes effect. Alerts are triggered upon: initial contact, partial/full filling, invalidation.
Important inputs
Min. FVG size: × ATRor ticks/points
Min. displacement score: (0–100)
MTF list:
BOS/CHOCH filter: On/Off (Lookback candles)
Session filter: NY/LDN/Asia (local time, weekend toggle)
Invalidation: maxBars = , Opposite BOS = On/Off, Session End = On/Off
Fill definitions: Partial fill ≥ % of the gap; Full fill = 100%
Overlay options: Zone color/transparency, HTF label, statistics overlay On/Off
Alerts (names & triggers)
FVG Suite – First Touch: Price touches an active FVG zone for the first time.
FVG Suite – Partial Fill: Partial fill ≥ configured threshold.
FVG Suite – Full Fill: Gap completely filled.
FVG Suite – Invalidated: Zone invalidated by rules. (Alert message contains: symbol, TF of the zone, direction, score, size, trigger rule.)
Use (best practices)
Trade in the trend direction with BOS/CHOCH filter; target counter-imbalances/liquidity pools.
Use session filters to avoid news spikes/illiquid periods.
Calibrate parameters for each market/TF (ATR/volume profiles differ).
Limitations
Structure labels can be reevaluated for new highs/lows (repainting of labels, not of FVG finds).
Spreads/news can generate “pseudo fills.”
Backtests/statistics are sample-dependent; no guarantee of results.
Changelog
v1.0 – First release (score model, MTF aggregator, BOS/CHOCH filter, fill alerts).
Credits
FVG concept: public ICT/SMC literature (general idea). Implementation/scoring, MTF ranking, smart fill logic: own development.
Note/disclaimer
No financial advice. For educational purposes only. Trading involves high risk; use stop losses and a fixed risk budget.
Fair Value Gap Suite Adrian V1.0.0Brief description
The “FVG Suite” identifies fair value gaps across multiple time units, evaluates them with a displacement score, optionally filters them according to market structure events (BOS/CHOCH), and provides context-based alerts for first touch, partial and full fills, and invalidation. The aim is to show only high-quality imbalances and trade them based on rules.
What makes the script unique (originality/added value)
Displacement score: Strength of the impulse movement as a combination of (body/ATR, range/ATR, volume Z-score).
MTF aggregator: FVGs from higher timeframes are collected, ranked, and displayed as zones on the active chart (including overlap clustering).
Structure context: Optionally, only FVGs after confirmed BOS/CHOCH in the trend direction, including premium/discount evaluation relative to the HTF range.
Adaptive invalidation: FVG expires after candles, opposing BOS or defined time (e.g., end of session).
Session/instrument filter: Time window (e.g., NY/LDN), minimum tick size, ATR-based minimum gap.
Smart fill logic: Distinguishes between first touch, partial fill (≥ %), full fill (100%); alarms per event.
Statistics overlay (optional): Hit rate/expectancy per TF & session for fine-tuning the filters.
How it works (conceptually)
FVG definition (3-candle pattern): Bullish if High < Low (bearish analog). Size = gap span in points.
Quality score:Score = w1*(|Body|/ATR) + w2*(Range/ATR) + w3*(Volume-Z), normalized to 0–100.
MTF scan: List of higher TFs: (customizable). Findings are merged, ranked, and displayed as zones with priority (color/opacity).
Context filter: Only FVGs that emerge after BOS/CHOCH in the direction of the current trend; optional exclusion in premium/discount areas.
Invalidation & alerts: A zone is considered active until the invalidation rule takes effect. Alerts are triggered upon: initial contact, partial/full filling, invalidation.
Important inputs
Min. FVG size: × ATRor ticks/points
Min. displacement score: (0–100)
MTF list:
BOS/CHOCH filter: On/Off (Lookback candles)
Session filter: NY/LDN/Asia (local time, weekend toggle)
Invalidation: maxBars = , Opposite BOS = On/Off, Session End = On/Off
Fill definitions: Partial fill ≥ % of the gap; Full fill = 100%
Overlay options: Zone color/transparency, HTF label, statistics overlay On/Off
Alerts (names & triggers)
FVG Suite – First Touch: Price touches an active FVG zone for the first time.
FVG Suite – Partial Fill: Partial fill ≥ configured threshold.
FVG Suite – Full Fill: Gap completely filled.
FVG Suite – Invalidated: Zone invalidated by rules. (Alert message contains: symbol, TF of the zone, direction, score, size, trigger rule.)
Use (best practices)
Trade in the trend direction with BOS/CHOCH filter; target counter-imbalances/liquidity pools.
Use session filters to avoid news spikes/illiquid periods.
Calibrate parameters for each market/TF (ATR/volume profiles differ).
Limitations
Structure labels can be reevaluated for new highs/lows (repainting of labels, not of FVG finds).
Spreads/news can generate “pseudo fills.”
Backtests/statistics are sample-dependent; no guarantee of results.
Changelog
v1.0 – First release (score model, MTF aggregator, BOS/CHOCH filter, fill alerts).
Credits
FVG concept: public ICT/SMC literature (general idea). Implementation/scoring, MTF ranking, smart fill logic: own development.
Note/disclaimer
No financial advice. For educational purposes only. Trading involves high risk; use stop losses and a fixed risk budget.
Volume Profile + VWAP + Long Wick StrategyVolume Profile + VWAP + Long Wick Strategy
This indicator combines Volume Profile (VP), VWAP (Volume Weighted Average Price) with deviation bands, and a long wick candle strategy to identify potential support/resistance zones and trading signals. It detects "power wicks" (long shadows with high volume near key levels like POC, VAH/VAL, or VWAP) as reversal setups, generating buy/sell alerts after confirmation wicks appear near these zones.
Key Features:
Volume Profile: Displays VP histogram over a lookback period, highlighting POC (Point of Control), VAH/VAL (Value Area High/Low) with customizable rows and thresholds.
VWAP & Bands: Plots VWAP with 1-3 std dev bands; filters signals based on trend and proximity to bands.
Long Wick Detection: Identifies strong ("power") and signal wicks based on wick/body ratios, ATR size, and volume multipliers. Supports Market Maker (MM) volume bonuses for liquidity zones.
Trading Signals: Generates BUY/SELL arrows when price retests wick levels with confirmation, limited by max signals per zone and min wait bars. Filtered by MTF (multi-timeframe) alignment (e.g., higher TF EMA trend and candle direction) and VWAP trend.
Sessions: Shows POC/VAH/VAL for Asian, London, and NY sessions with optional active-only display.
MTF Analysis: Scores bullish/bearish alignment across two higher timeframes for signal filtering.
Visuals: Liquidity sweep boxes, resistance/support lines, info table (levels, signals remaining, VWAP status), and MTF status box.
Customizable: Adjust wick ratios, volume thresholds, VP rows, MTF periods, and display options.
Ideal for intraday/scalping on forex/crypto/stocks. Use on lower TFs with MTF filters for confluence. Not financial advice—backtest thoroughly!
Magnetic Trend filterMagnetic Trend Filter – A Smarter Way to Trade Trends 🚀
I’m excited to introduce a powerful trend filtering method that I’ve been working on—Magnetic Trend Filter (MTF). If you’ve ever struggled with noisy price action, false signals, or unclear trends, this indicator might be just what you need!
🔍 What is the Magnetic Trend Filter?
MTF is designed to smooth out market noise and help traders focus on clean, high-probability trend signals. It works by applying an intelligent filtering mechanism to Close price data, reducing whipsaws while maintaining trend sensitivity.
Instead of relying solely on conventional moving averages or lagging indicators, MTF adapts dynamically to market conditions, providing a more refined view of trend direction.
🎯 How it Works
• MTF processes filtered Close price data, making trends more visible.
• It reduces unnecessary price fluctuations, helping you stay in trades longer.
• The filtering mechanism ensures better accuracy in defining trend direction.
📈 How to Use It
• Buy Signals: When the trend filter turns bullish (uptrend confirmation).
• Sell Signals: When the trend filter turns bearish (downtrend confirmation).
• Combine with Other Indicators: MTF works great alongside VWAP, Bollinger Bands, and Ichimoku Cloud for added confluence.
Personally, I use it with my price range filter to catch good exits. Have added that to the Magnetic trend filter and will also publish advanced version independently.
🛠 Customization & Optimization
I’ve optimized the script to reduce computation load, making it efficient and responsive even on lower timeframes. You can tweak smoothing parameters to adjust the sensitivity of the filter based on your trading style.
📌 Final Thoughts
Magnetic Trend Filter is an efficient way to identify trends while avoiding unnecessary noise in price movements. Whether you’re a day trader or swing trader, this tool can help improve decision-making and increase trading accuracy.
💡 Try it out and let me know your thoughts! I’d love to hear feedback and explore potential improvements together. 🚀
Disclaimer:
This is for educational purpose only, no matter how promising things look on chart, they are past performances and reality may vary in real-time.
So use at your own risk.
TrendPredator PROThe TrendPredator PRO
Stacey Burke, a seasoned trader and mentor, developed his trading system over the years, drawing insights from influential figures such as George Douglas Taylor, Tony Crabel, Steve Mauro, and Robert Schabacker. His popular system integrates select concepts from these experts into a consistent framework. While powerful, it remains highly discretionary, requiring significant real-time analysis, which can be challenging for novice traders.
The TrendPredator indicators support this approach by automating the essential analysis required to trade the system effectively and incorporating mechanical bias and a multi-timeframe concept. They provide value to traders by significantly reducing the time needed for session preparation, offering all relevant chart analysis and signals for live trading in real-time.
The PRO version offers an advanced pattern identification logic that highlights developing context as well as setups related to the constellation of the signals provided. It provides real-time interpretation of the multi-timeframe analysis table, following an extensive underlying logic with more than 150 different setup variations specifically developed for the system and indicator. These setups are constantly back- and forward-tested and updated according to the results. This version is tailored to traders primarily trading this system and following the related setups in detail.
The former TrendPredator ES version does not provide that option. It is significantly leaner and is designed for traders who want to use the multi-timeframe logic as additional confluence for their trading style. It is very well suited to support many other trading styles, including SMC and ICT.
The Multi-timeframe Master Pattern
Inspired by Taylor’s 3-day cycle and Steve Mauro’s work with “Beat the Market Maker,” Burke’s system views markets as cyclical, driven by the manipulative patterns of market makers. These patterns often trap traders at the extremes of moves above or below significant levels with peak formations, then reverse to utilize their liquidity, initiating the next phase. Breakouts away from these traps often lead to range expansions, as described by Tony Crabel and Robert Schabacker. After multiple consecutive breakouts, especially after the psychological number three, overextension might develop. A break in structure may then lead to reversals or pullbacks. The TrendPredator Indicator and the related multi-timeframe trading system are designed to track these cycles on the daily timeframe and provide signals and trade setups to navigate them.
Bias Logic and Multi-Timeframe Concept
The indicator covers the basic signals of Stacey Burke's system:
- First Red Day (FRD): Bearish break in structure, signalling weak longs in the market.
- First Green Day (FGD): Bullish break in structure signalling weak shorts in the markt.
- Three Days of Longs (3DL): Overextension signalling potential weak longs in the market.
- Three Days of Shorts (3DS): Overextension signalling potential weak shorts in the market.
- Inside Day (ID): Contraction, signalling potential impulsive reversal or range expansion move.
It enhances the original system by introducing:
Structured Bias Logic:
Tracks bias by following how price trades concerning the last previous candle high or low that was hit. For example if the high was hit, we are bullish above and bearish below.
- Bullish state: Breakout (BO), Fakeout Low (FOL)
- Bearish state: Breakdown (BD), Fakeout High (FOH)
Multi-Timeframe Perspective:
- Tracks all signals across H4, H8, D, W, and M timeframes, to look for alignment and follow trends and momentum in a mechanical way.
Developing Context:
- Identifies specific predefined context states based on the monthly, weekly and daily bias.
Developing Setups:
- Identifies specific predefined setups based on context and H8 bias as well as SB signals.
The indicator monitors the bias and signals of the system across all relevant timeframes and automates the related graphical chart analysis as well as context and setup zone identification. In addition to the master pattern, the system helps to identify the higher timeframe situation and follow the moves driven by other timeframe traders to then identify favourable context and setup situations for the trader.
Example: Full Bullish Cycle on the Daily Timeframe with Multi-Timeframe Signals
- The Trap/Peak Formation
The market breaks down from a previous day’s and maybe week’s low—potentially after multiple breakdowns—but fails to move lower and pulls back up to form a peak formation low and closes as a first green day.
MTF Signals: Bullish daily and weekly fakeout low; three consecutive breakdown days (1W Curr FOL, 1D Curr FOL, BO 3S).
Context: Reversal (REV)
Setup: Fakeout low continuation low of day (FOL Cont LOD)
- Pullback and Consolidation
The next day pulls further up after first green day signal, potentially consolidates inside the previous day’s range.
MTF Signals: Fakeout low and first green day closing as an inside day (1D Curr IS, Prev FOL, First G).
Context: Reversal continuation (REV Cont)
Setup: Previous fakeout low continuation low handing fruit (Prev FOL Cont LHF)
- Range Expansion/Trend
The following day breaks up through the previous day’s high, launching a range expansion away from the trap.
MTF Signals: Bullish daily breakout of an inside day (1D Curr BO, Prev IS).
Context: Uptrend healthy (UT)
Setup: Breakout continuation low hanging fruit (BO Cont LHF)
- Overextension
After multiple consecutive breakouts, the market reaches a state of overextension, signalling a possible reversal or pullback.
MTF Signals: Three days of breakout longs (1D Curr BO, Prev BO, BO 3L).
Context: Uptrend extended (UT)
- Reversal
After a breakout of previous days high that fails, price pulls away from the high showing a rollover of momentum across all timeframes and a potential short setup.
MTF Signals: Three days of breakout longs, daily fakeout high (1D 3L, FOH)
Context: Reversal countertrend (REV)
Setup: Fakeout high continuation high of day (FOH Cont HOD)
Note: This is only one possible illustrative scenario; there are many variations and combinations.
Example Chart: Full Bullish Cycle with Correlated Signals
Multi-Timeframe Signals examples:
Context and Setups examples:
Note: The signals shown along the move are manually added illustrations. The indicator shows these in realtime in the table at top and bottom right. This is only one possible scenario; there are many variations and combinations.
Due to the fractal nature of markets, this cycle can be observed across all timeframes. The strongest setups occur when there is multi-timeframe alignment. For example, a peak formation and potential reversal on the daily timeframe have higher probability and follow-through when they align with bearish signals on higher timeframes (e.g., weekly/monthly BD/FOH) and confirmation on lower timeframes (H4/H8 FOH/BD). With this perspective, the system enables the trader to follow the trend and momentum while identifying rollover points in a highly differentiated and precise way.
Using the Indicator for Trading
The automated analysis provided by the indicator can be used for thesis generation in preparation for a session as well as for live trading, leveraging the real-time updates as well as the context and setup indicated or alerted. It is recommended to customize the settings deeply, such as hiding the lower timeframes for thesis generation or the specific alert time window and settings to the specific trading schedule and playbook of the trader.
1. Context Assessment:
Evaluate alignment of higher timeframes (e.g., Month/Week, Week/Day). More alignment → Stronger setups.
- The context table offers an interpretation of the higher timeframe automatically. See below for further details.
2. Setup Identification:
Follow the bias of daily and H8 timeframes. A setup mostly requires alignment of these.
Setup Types:
- Trend Trade: Trade in alignment with the previous day’s trend.
Example: Price above the previous day’s high → Focus on long setups (dBO, H8 FOL) until overextension or reversal signs appear (H8 BO 3L, First R).
- Reversal Trade: Identify reversal setups when lower timeframes show rollovers after higher timeframe weakness.
Example: Price below the previous day’s high → Look for reversal signals at the current high of day (H8 FOH, BO 3L, First R).
- The setup table shows potential setups for the specific price zone in the table automatically. See below for further details.
3. Entry Confirmation:
Confirm entries based on H8 and H4 alignment, candle closes and lower timeframe fakeouts.
- H8 and H4 should always align for a final confirmation, meaning the breach lines should be both in the back of a potential trade setup.
- M15/ 5 candle close can be seen as acceptance beyond a level or within the setup zone.
- M15/5 FOH/ FOL signals lower timeframe traps potentially indicating further confirmation.
Example Chart Reversal Trade:
Context: REV (yellow), Reversal counter trend, Month in FOL with bearish First R, Week in BO but bearishly overextended with BO 3L, Day in Fakeout high reversing bearishly.
Setup: FOH Cont HOD (red), Day in Fakeout high after BO 3L overextension, confirmed by H8 FOH high of day, First R as further confluence. Two star quality and countertrend.
Entry: H4 BD, M15 close below followed by M15 FOH.
Detailed Features and Options
1. Context and Setup table
The Context and Setup Table is the core feature of the TrendPredator PRO indicator. It delivers real-time interpretation of the multi-timeframe analysis based on an extensive underlying logic table with over 150 variations, specifically developed for this system and indicator. This logic is continuously updated and optimized to ensure accuracy and performance.
1.1. Developing Context
States for developing higher timeframe context are determined based on signals from the monthly, weekly, and daily timeframes.
- Green and Red indicate alignment and potentially interesting developing setups.
- Yellow signals a mixed or conflicting bias, suggesting caution when taking trades.
The specific states are:
- UT (yellow): Uptrend extended
- UT (green): Uptrend healthy
- REV (yellow): Reversal day counter trend
- REV (green): Reversal day mixed trend
- REV Cont (green): Reversal continuation mixed trend
- REV Cont (yellow): Reversal continuation counter trend
- REV into UT (green): Reversal day into uptrend
- REV Cont into UT (green): Reversal continuation into uptrend
- UT Pullback (yellow): Counter uptrend breakdown day
- Conflicting (yellow): Conflicting signals
- Consolidating (yellow): Consolidating sideways
- Inside (yellow): Trading inside after an inside week
- DT Pullback (yellow): Counter downtrend breakout day
- REV Cont into DT (red): Reversal continuation into downtrend
- REV into DT (red): Reversal day into downtrend
- REV Cont (yellow): Reversal continuation counter trend
- REV Cont (red): Reversal continuation mixed trend
- REV (red): Reversal day mixed trend
- REV (yellow): Reversal day countertrend
- DT (red): Downtrend healthy
- DT (yellow): Downtrend extended
Example: Uptrend
The Uptrend Context (UT, green) indicates a healthy uptrend with all timeframes aligning bullishly. In this case, the monthly is in a Fakeout Low (FOL) and currently inside the range, while the weekly and daily are both in Breakout (BO) states. This context is favorable for developing long setups in the direction of the trend.
Example: Uptrend pullback
The Uptrend Pullback Context (UT Pullback, yellow) indicates a Breakdown (BD) on the daily timeframe against a higher timeframe uptrend. In this case, the monthly is in a Fakeout Low (FOL) and currently inside its range, the weekly is in Breakout (BO) and also currently inside, while the daily is in Breakdown (BD). This context reflects a conflicting situation—potentially signaling either an early reversal back into the uptrend or, if the breakdown extends, the beginning of a possible trend change.
Example: Reversal into Uptrend
The Reversal into Uptrend Context (REV into UT, green) indicates a lower timeframe reversal aligning with a higher timeframe uptrend. In this case, the monthly is in Breakout (BO), the weekly is in Breakout (BO) and currently inside its range, while the daily is showing a bullish Fakeout Low (FOL) reversal. This context is potentially very favorable for long setups, as it signals a strong continuation of the uptrend supported across multiple timeframes.
Example: Reversal
The Bearish Reversal Context indicates a lower timeframe rollover within an ongoing higher timeframe uptrend. In this case, the monthly remains in Breakout (BO), the weekly has shifted into a Fakeout High (FOH) after three weeks of breakout longs, and the daily is already in Breakdown (BD). This context suggests a potentially favorable developing short setup, as early signs of weakness appear across timeframes.
1.2. Developing Setup
The states for specific setups are based on the context and the signals from the daily timeframe and H8, indicating that price is in the zone of alignment. The setup description refers to the state of the daily timeframe, while the suffix relates to the H8 timeframe. For example, "prev FOH Cont LHF" means that the previous day is in FOH (Fakeout High) relative to yesterday's breakout level, currently trading inside, and we are in an H8 breakdown, indicating a potential LHF (Lower High Formation) short trade if the entry confirms. The suffix HOD means that H8 is in FOH or BO (Breakout).
The specific states are:
- REV HOD (red): Reversal high of day
- REV Cont LHF (red): Reversal continuation low hanging fruit
- BO Cont LHF (green): Breakout continuation low hanging fruit
- BO Cont LOD (green): Breakout continuation low of day
- FOH Cont HOD (red): Fakeout high continuation high of day
- FOH Cont LHF ((red): Fakeout high continuation low hanging fruit
- prev BD Cont HOD (red): Previous breakdown continuation high of day
- prev BD Cont LHF (red): Previous breakdown continuation low hanging fruit
- prev FOH Cont HOD (red): Previous fakeout high continuation high of day
- prev FOH Cont LHF (red): Previous fakeout high continuation low hanging fruit
- prev FOL Cont LOD (green): Previous fakeout low continuation low of day
- prev FOL Cont LHF (green): Previous fakeout low continuation low hanging fruit
- prev BO Cont LOD (green): Previous breakout continuation low of day
- prev BO Cont LHF (green): Previous breakout continuation low hanging fruit
- FOL Cont LHF (green): Fakeout low continuation low hanging fruit
- FOL Cont LOD (green): Fakeout low continuation low of day
- BD Cont LHF (red): BD continuation low hanging fruit
- BD Cont LOD (red): Breakdown continuation low of day
- REV Cont LHF (green): Reversal continuation low hanging fruit
- REV LOD (green): Reversal low of day
- Inside: Trading inside after an inside day
Type: Indicates the situation of the indicated setup concerning:
- Trend: Following higher timeframe trend
- Mixed: Mixed higher timeframe signals
- Counter: Against higher timeframe bias
Quality: Indicates the quality of the indicated setup according to the specified logic table
No star: Very low quality
* One star: Low quality
** Two star: Medium quality
*** Three star: High quality
Example: Breakout Continuation Trend Setup
This setup highlights a healthy uptrend where the month is in a breakout, the week is in a fakeout low, and the day is in a breakout after a first green day. As the H8 breaks out to the upside, a long setup zone is triggered, presenting a breakout continuation low-hanging fruit trade. This is a trend trade in an overextended situation on the H8, with an H8 3L, resulting in an overall quality rating of one star.
Example: Fakeout Low Continuation Trend Setup
This setup shows a reversal into uptrend, with the month in a breakout, the week in a breakout, and the day in a fakeout low after breaking down the previous day and now reversing back up. As H8 breaks out to the upside, a long setup zone is triggered, presenting a previous fakeout low continuation, low-hanging fruit trade. This is a medium-quality trend trade.
Example: Reversal Setup - Mixed Trend
This setup shows a reversal setup in line with the weekly trend, with the month in a fakeout low, the week in a fakeout high, and the day in a fakeout high after breaking out earlier in the day and now reversing back down. As H8 loses the previous breakout level after 3 breakouts (with H8 3L), a short setup zone is triggered, presenting a fakeout high continuation at the high of the day. This is a high-quality trade in a mixed trend situation.
Setup Alerts:
Alerts can be activated for setups freshly triggered on the chart within your trading window.
Detailed filter logic for setup alerts:
- Setup quality: 1-3 star
- Setup type: Counter, Mixed and Trend
- Setup category: e.g. Reversal Bearish, Breakout, Previous Fakeout High
- 1D BO and First signals: 3DS, 3DL, FRD, FGD, ID
Options:
- Alerts on/ off
- Alert time window (from/ to)
- Alert filter customization
Note: To activate alerts from a script in TradingView, some settings need to be adjusted. Open the "Create Alert" dialog and select the option "Any alert() function call" in the "Condition" section. Choose "TrendPredator PRO" to ensure that alerts trigger properly from the code. Alerts can be activated for entire watchlists or individual pairs. Once activated, the alerts run in the background and notify the user whenever a setup is freshly triggered according to the filter settings.
2. Multi-Timeframe Table
Provides a real-time view of system signals, including:
Current Timeframe (Curr): Bias states.
- Breakout (green BO): Bullish after breaking above the previous high.
- Fakeout High (red FOH): Bearish after breaking above the previous high but pulling back down.
- Breakdown (red BD): Bearish after breaking below the previous low.
- Fakeout Low (green FOL): Bullish after breaking below the previous low but pulling back up.
- Inside (IS): Price trading neutral inside the previous range, taking the previous bias (color indicates the previous bias).
Previous Timeframe (Prev): Tracks last candle bias state and transitions dynamically.
- Bias for last candle: BO, FOH, BD, FOL in respective colors.
- Inside bar (yellow IS): Indicated as standalone signal.
Note: Also previous timeframes get constantly updated in real time to track the bias state in relation to the level that was hit. This means a BO can still lose the level and become a FOH, and vice versa, and a BD can still become a FOL, and vice versa. This is critical to see for example if traders that are trapped in that timeframe with a FOH or FOL are released. An inside bar stays fixed, though, since no level was hit in that timeframe.
Breakouts (BO): Breakout count 3 longs and 3 shorts.
- 3 Longs (red 3L): Bearish after three breakouts without hitting a previous low.
- 3 Shorts (green 3S): Bullish after three breakdowns without hitting a previous high.
First Countertrend Close (First): Tracks First Red or Green Day.
- First Green (G): After two consecutive red closes.
- First Red (R): After two consecutive green closes.
Options: Customizable font size and label colors.
3. Historic Highs and Lows
Displays historic highs and lows per timeframe for added context, enabling users to track sequences over time.
Timeframes: H4, H8, D, W, M
Options: Customize for timeframes shown, number of historic candles per timeframe, colors, formats, and labels.
4. Previous High and Low Extensions
Displays extended previous levels (high, low, and close) for each timeframe to assess how price trades relative to these levels.
H4: P4H, P4L, P4C
H8: P8H, P8L, P8C
Daily: PDH, PDL, PDC
Weekly: PWH, PWL, PWC
Monthly: PMH, PML, PMC
Options: Fully customizable for timeframes shown, colors, formats, and labels.
5. Breach Lines
Tracks live market reactions (e.g., breakouts or fakeouts) per timeframe for the last previous high or low that was hit, highlighting these levels originating at the breached candle to indicate bias (color-coded).
Red: Bearish below
Green: Bullish above
H4: 4FOL, 4FOH, 4BO, 4BD
H8: 8FOL, 8FOH, 8BO, 8BD
D: dFOL, dFOH, dBO, dBD
W: wFOL, wFOH, wBO, wBD
M: mFOL, mFOH, mBO, mBD
Options: Fully customizable for timeframes shown, colors, formats, and labels.
Overall Options:
Toggle single feature groups on/off.
Customize H8 open/close time as an offset to UTC to be provider independent.
Colour settings con be adjusted for dark or bright backgrounds.
Higher Timeframe Use Case Examples
Example Use Case: Weekly Template Analysis
The Weekly Template is a core concept in Stacey Burke’s trading style. The analysis is conducted on the daily timeframe, focusing on the higher timeframe bias and identifying overextended conditions within the week—such as multiple breakouts and peak formations signaling potential reversals.
In this example, the candles are colored by the TrendPredator FO indicator, which highlights the state of individual candles. This allows for precise evaluation of both the trend state and the developing weekly template. It is a valuable tool for thesis generation before a trading session and for backtesting purposes.
Example Use Case: High Timeframe 5-Star Setup Analysis (Stacey Burke "ain't coming back" ACB Template)
This analysis identifies high-probability trade opportunities when daily breakout or breakdown closes occur near key monthly levels mid-week, signaling overextensions and potentially large parabolic moves. The key signal to look for is a breakout or breakdown close on a Wednesday. This is useful for thesis generation before a session and also for backtesting.
In this example, the TrendPredator FO indicator colors the candles to highlight individual candle states, particularly those that close in breakout or breakdown. Additionally, an indicator is shown on the chart shading every Wednesday, making it easier to visually identify the signals.
5 Star Alerts:
Alerts can be activated for this potential 5-Star setup constellation. The alert is triggered when there is a breakout or breakdown close on a Wednesday.
Further recommendations:
- Higher timeframe context: TPO or volume profile indicators can be used to gain an even better overview.
- Late session trading: Entries later in the session, such as during the 3rd hour of the NY session, offer better analysis and follow-through on setups.
- Entry confirmation: Momentum indicators like VWAP, Supertrend, or EMA are helpful for increasing precision. Additionally, tracking lower timeframe fakeouts can provide powerful confluence. To track those the TrendPredator Fakeout Highlighter (FO), that has been specifically developed for this can be of great help:
Limitations:
Data availability using TradingView has its limitations. The indicator leverages only the real-time data available for the specific timeframe being used. This means it cannot access data from timeframes lower than the one displayed on the chart. For example, if you are on a daily chart, it cannot use H8 data. Additionally, on very low timeframes, the historical availability of data might be limited, making higher timeframe signals unreliable.
To address this, the indicator automatically hides the affected columns in these specific situations, preventing false signals.
Disclaimer
This indicator is for educational purposes only and does not guarantee profits.
None of the information provided shall be considered financial advice.
The indicator does not provide final buy or sell signals but highlights zones for potential setups.
Users are fully responsible for their trading decisions and outcomes.
OHLC, Sessions & Key Levels [Orderflowing]Multi-Timeframe (+) OHLC, Sessions & Key Levels | Custom-Timeframe OHLC | Sessions Analysis | Market Key Levels
Built using Pine Script V5.
Introduction
The OHLC, Sessions & Key Levels Indicator is a tool designed for traders who want to integrate Multi-Timeframe (MTF) OHLC Data, Sessions Analysis, and Key Market Levels into their trading system.
This Indicator can help traders by automatically marking the OHLC, Sessions & Key Levels directly on the price chart, saving time furthermore potentially allowing for better judgement in their trading and risk management process.
Innovation and Inspiration
The Indicator draws from multiple concepts;
The OHLC levels across different timeframes, session-based analysis, and plotting potentially important and pivotal market levels.
Concept Inspiration from ICT-Traders / Market Maker Model Traders.
Use of Open-Source Code
Specific parts of this Indicator's code have been inspired by & further developed from publicly available code originally developed for the MetaTrader platform.
All such integrations have been wired to work within the TradingView environment, specifically using Pine Script Version 5.
Elements have been made to benefit the overall functionality, the code logic, to make sure it offers unique value to TradingView's users.
Core Features
OHLC MTF Analysis
Foundation
This component allows traders to track the Open, High, Low, and Close levels across different timeframes, ranging from intraday periods to yearly data.
Customization
Traders can adjust the bar offset, width, and colors of the OHLC bars, as well as display options. Option to highlight the Open/Close with labels and the High/Low with marks.
Application
The OHLC MTF component gives traders a clear view of important price levels, which can serve as support, resistance, or potential entry/exit points.
Main Trading Sessions & Custom Sessions
Starting Point
The Sessions component relies on the user-inputted key market sessions, defaults include New York, London, Asia, and optionally Sydney. Session Defaults to UTC.
Please Note: Adjust Time Zone in TradingView's Desktop App or Web Interface to use the sessions in correct local time.
Customization
Traders can adjust session names, session times, time zone, visibility, session colors, and session-specific high and low markers.
This allows us to visualize price movements during these selected periods.
Application
By highlighting different trading sessions, traders can potentially better time their trades, understanding when significant price movements usually occur. This can potentially be used to try and find patterns in a time-based method.
Key Levels
Customization
Traders can choose which key levels to display and adjust the visual style of these levels, including line width, style, and color.
Application
The Key Levels feature can help traders identify support and resistance levels that can serve as potential entry or exit points. Can be useful in market structure analysis by marking significant price levels based on different timeframes.
Designed for multi-timeframe analysis, allowing traders to track OHLC levels, session ranges, and key market levels.
It’s highly customizable, making it suitable across trading styles and charting setups, whether scalping, day trading, swing trading or longer term investing.
Multi-Timeframe (MTF) OHLC
Can be plotted as a Candlestick or Bar-Chart or Both
These can help traders keep an eye on price levels across multiple timeframes while allowing the actual chart to be on another timeframe than the displayed OHLC.
Example - OHLC on the Weekly Candle/Bar - Chart 4 Hourly Candles
While being on lower timeframes, the trader can keep an eye on how the OHLC candle is developing. ICT-Traders find the Daily (Default Setting) OHLC useful in analysis.
It can be customized to any timeframe the trader wishes to use.
Inspired by ICT-Traders / Market Maker Model Traders and Top-Down Analysis Style.
Combined with Session Analysis to view into the price behavior during specific trading sessions, could potentially be very useful for finding trading setups.
OHLC Levels
Creates lines based on user input - Can potentially be important reference points for trade setups / invalidation / confirmation, levels could be used as the HTF Origin.
Conclusion
The OHLC MTF, Sessions & Key Levels Indicator is a tool that combines multiple market analysis concepts into a single unique script. It offers another view of the market's behavior by combining OHLC data from a different timeframe, main trading sessions, and key levels.
Why Invite-Only?
The OHLC, Sessions & Key Levels Indicator is offered as invite-only because you receive a quality and customizable tool that combines multiple functions into one convenient script.
This Indicator stands out by being a complete and optimized trading tool based on three desirable components.
—
Multi-Timeframe OHLC Analysis, Sessions Tracking & Key Levels
—
Into One Customizable Indicator.
Disclaimer
While the Indicator offers a view of the OHLC price action on multiple timeframes, key levels & trading sessions, traders should not solely rely on it for trading decisions. As with all trading tools, it should be used as part of a complete trading strategy.
Multi Timeframe Moving Average Convergence Divergence {DCAquant}Overview
The MTF MACD indicator provides a unique view of MACD (Moving Average Convergence Divergence) and Signal Line dynamics across various timeframes. It calculates the MACD and Signal Line for each selected timeframe and aggregates them for analysis.
Key Features
MACD Calculation
Utilizes standard MACD calculations based on user-defined parameters like fast length, slow length, and signal smoothing.
Determines the difference between the MACD and Signal Line to identify convergence or divergence.
Multiple Timeframe Analysis
Allows users to select up to six different timeframes for analysis, ranging from minutes to days, providing a holistic view of market trends.
Calculates MACD and Signal Line for each timeframe independently.
Aggregated Analysis
Combines MACD and Signal Line values from multiple timeframes to derive a consolidated view.
Optionally applies moving average smoothing to aggregated MACD and Signal Line values for better clarity.
Position Identification
Determines the trading position (Long, Short, or Neutral) based on the relationship between MACD and Signal Line.
Considers the proximity of MACD and Signal Line to identify potential trading opportunities.
Visual Representation
Plots MACD and Signal Line on the price chart for visual analysis.
Utilizes color-coded backgrounds to indicate trading conditions (Long, Short, or Neutral) for quick interpretation.
Dynamic Table Display
Displays trading position alongside graphical indicators (rocket for Long, snowflake for Short, and star for Neutral) in a customizable table.
Offers flexibility in table placement and size for user preference.
How to Use
Parameter Configuration
Adjust parameters like fast length, slow length, and signal smoothing to fine-tune MACD calculations.
Select desired timeframes for analysis based on trading preferences and market conditions.
Interpretation
Monitor the relationship between MACD and Signal Line on the price chart.
Pay attention to color-coded backgrounds and graphical indicators in the table for actionable insights.
Decision Making
Consider entering Long positions when MACD is above the Signal Line and vice versa for Short positions.
Exercise caution during Neutral conditions, as there may be uncertainty in market direction.
Risk Management
Combine MTF MACD analysis with risk management strategies to optimize trade entries and exits.
Set stop-loss and take-profit levels based on individual risk tolerance and market conditions.
Conclusion
The Multi Timeframe Moving Average Convergence Divergence (MTF MACD) indicator offers a robust framework for traders to analyze market trends across multiple timeframes efficiently. By combining MACD insights from various time horizons and presenting them in a clear and actionable format, it empowers traders to make informed decisions and enhance their trading strategies.
Disclaimer
The Multi Timeframe Moving Average Convergence Divergence (MTF MACD) indicator provided here is intended for educational and informational purposes only. Trading in financial markets involves risk, and past performance is not indicative of future results. The use of this indicator does not guarantee profits or prevent losses.
Please be aware that trading decisions should be made based on your own analysis, risk tolerance, and financial situation. It is essential to conduct thorough research and seek advice from qualified financial professionals before engaging in any trading activity.
The MTF MACD indicator is a tool designed to assist traders in analyzing market trends and identifying potential trading opportunities. However, it is not a substitute for sound judgment and prudent risk management.
By using this indicator, you acknowledge that you are solely responsible for your trading decisions, and you agree to indemnify and hold harmless the developer and distributor of this indicator from any losses, damages, or liabilities arising from its use.
Trading in financial markets carries inherent risks, and you should only trade with capital that you can afford to lose. Exercise caution and discretion when implementing trading strategies, and consider seeking independent financial advice if necessary.
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.
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!!!
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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%
ADVANCED EMA RIBBON SUITE PRO [Multi-Timeframe + Alerts + Dash]🎯 ADVANCED EMA RIBBON SUITE PRO
📊 DESCRIPTION:
The most comprehensive EMA Ribbon indicator on TradingView, featuring 14 customizable
EMAs (5-200), multi-timeframe analysis, gradient ribbon visualization, smart alerts,
and a real-time dashboard. Perfect for trend following, scalping, and swing trading.
🔥 KEY FEATURES:
• 14 EMAs with Fibonacci sequence option (5, 8, 13, 21, 34, 55, 89, 144, 200)
• Multi-Timeframe (MTF) analysis - see higher timeframe trends
• Dynamic gradient ribbon with trend-based coloring
• Golden Cross & Death Cross detection with alerts
• Professional themes (Dark/Light) with 6 visual styles
• Real-time information dashboard
• Customizable transparency and colors
• Trend strength visualization
• Price position analysis
• Smart alert system for all major crossovers
📈 USE CASES:
• Trend Identification: Ribbon expansion/contraction shows trend strength
• Entry/Exit Signals: EMA crossovers provide clear trade signals
• Support/Resistance: EMAs act as dynamic S/R levels
• Multi-Timeframe Confluence: Combine timeframes for higher probability trades
• Scalping: Use faster EMAs (5-20) for quick trades
• Swing Trading: Focus on 50/200 EMAs for position trades
🎯 TRADING STRATEGIES:
1. Ribbon Squeeze: Trade breakouts when ribbon contracts
2. Golden/Death Cross: Major trend reversals at 50/200 crosses
3. Price Above/Below: Long when price above most EMAs, short when below
4. MTF Confluence: Trade when multiple timeframes align
5. Dynamic S/R: Use EMAs as trailing stop levels
⚡ OPTIMAL SETTINGS:
• Scalping: 5, 8, 13, 21 EMAs on 1-5 min charts
• Day Trading: Full ribbon on 15-60 min charts
• Swing Trading: Focus on 50, 100, 200 EMAs on daily charts
• Position Trading: Use weekly timeframe with monthly MTF
📌 KEYWORDS:
EMA, Exponential Moving Average, Ribbon, Multi-Timeframe, MTF, Golden Cross,
Death Cross, Trend Following, Scalping, Swing Trading, Dashboard, Alerts,
Support Resistance, Fibonacci, Professional, Advanced, Suite, Indicator
*Created using PineCraft AI (Link in Bio)
Multi Timeframe Fair Value Gap Indicator ProMulti Timeframe Fair Value Gap Indicator Pro | MTF FVG Imbalance Zones | Institutional Supply Demand Levels
🎯 The Most Comprehensive Multi-Timeframe Fair Value Gap (FVG) Indicator on TradingView
Transform Your Trading with Institutional-Grade Multi-Timeframe FVG Analysis
Keywords: Multi Timeframe Indicator, MTF FVG, Fair Value Gap, Imbalance Zones, Supply and Demand, Institutional Trading, Order Flow Imbalance, Price Inefficiency, Smart Money Concepts, ICT Concepts, Volume Imbalance, Liquidity Voids, Multi Timeframe Analysis
📊 WHAT IS THIS INDICATOR?
The Multi Timeframe Fair Value Gap Indicator Pro is the most advanced FVG detection system on TradingView, designed to identify high-probability institutional supply and demand zones across multiple timeframes simultaneously. This professional-grade tool automatically detects Fair Value Gaps (FVGs), also known as imbalance zones, liquidity voids, or inefficiency gaps - the exact areas where institutional traders enter and exit positions.
🔍 What Are Fair Value Gaps (FVGs)?
Fair Value Gaps are three-candle price formations that create imbalances in the market structure. These gaps represent areas where buying or selling was so aggressive that price moved too quickly, leaving behind an inefficient zone that price often returns to "fill" or "mitigate." Professional traders use these zones as high-probability entry points.
Bullish FVG: When the low of candle 3 is higher than the high of candle 1
Bearish FVG: When the high of candle 3 is lower than the low of candle 1
⚡ KEY FEATURES
📈 Multi-Timeframe Analysis (MTF)
- 12 Timeframes Simultaneously: 1m, 3m, 5m, 15m, 30m, 45m, 1H, 2H, 3H, 4H, Daily, Weekly
- Real-Time Detection: Instantly identifies FVGs as they form across all selected timeframes
- Customizable Timeframe Selection: Choose which timeframes to display based on your trading style
- Higher Timeframe Confluence: See when multiple timeframes align for stronger signals
🎨 Three Professional Visual Themes
1. Dark Intergalactic: Futuristic neon colors with high contrast for dark mode traders
2. Light Minimal: Clean, professional appearance for traditional charting
3. Pro Modern: Low-saturation colors for extended screen time comfort
📊 Advanced FVG Dashboard
- Live FVG Counter: Real-time count of active bullish and bearish gaps
- Total Zone Tracking: Monitor all active imbalance zones at a glance
- Theme-Adaptive Display: Dashboard automatically adjusts to your selected visual theme
- Strategic Positioning: Optimally placed to not interfere with price action
🔧 Smart Zone Management
- Dynamic Zone Updates: FVG boxes automatically adjust when price touches them
- Mitigation Detection: Visual feedback when zones are tested or filled
- Color-Coded Status: Instantly see untested vs tested zones
- Extended Projection: Option to extend boxes to the right for future reference
- Timeframe Labels: Optional labels showing which timeframe each FVG originated from
💡 Intelligent Features
- Automatic Zone Cleanup: Removes fully mitigated FVGs to keep charts clean
- Touch-Based Level Adjustment: Zones adapt to partial fills
- Maximum Box Management: Optimized to handle 500 simultaneous FVG zones
- Performance Optimized: Efficient code ensures smooth operation even with multiple timeframes
🎯 TRADING APPLICATIONS
Day Trading & Scalping
- Use 1m, 3m, 5m FVGs for quick scalp entries
- Combine with higher timeframe FVGs for directional bias
- Perfect for futures (ES, NQ, MNQ), forex, and crypto scalping
Swing Trading
- Focus on 1H, 4H, and Daily FVGs for swing positions
- Identify major support/resistance zones
- Plan entries at untested higher timeframe gaps
Position Trading
- Utilize Daily and Weekly FVGs for long-term positions
- Identify institutional accumulation/distribution zones
- Major reversal points at significant imbalance areas
Multi-Timeframe Confluence Trading
- Stack multiple timeframe FVGs for high-probability zones
- Confirm entries when lower and higher timeframe FVGs align
- Professional edge through timeframe confluence
📚 HOW TO USE THIS INDICATOR
Step 1: Add to Your Chart
Click "Add to Favorites" and apply to any trading instrument - works on all markets including stocks, forex, crypto, futures, and indices.
Step 2: Configure Your Timeframes
In settings, select which timeframes you want to monitor. Day traders might focus on 1m-15m, while swing traders might use 1H-Weekly.
Step 3: Choose Your Visual Theme
Select from three professional themes based on your preference and trading environment.
Step 4: Identify Trading Opportunities
For Long Entries:
- Look for Bullish FVGs (green/cyan zones)
- Wait for price to return to untested zones
- Enter when price shows rejection from the FVG zone
- Higher timeframe FVGs provide stronger support
For Short Entries:
- Look for Bearish FVGs (red/pink zones)
- Wait for price to return to untested zones
- Enter when price shows rejection from the FVG zone
- Higher timeframe FVGs provide stronger resistance
Step 5: Manage Risk
- Place stops beyond the FVG zone
- Use partially filled FVGs as trailing stop levels
- Exit when opposite FVGs form (reversal signal)
🏆 WHY THIS IS THE BEST MTF FVG INDICATOR
✅ Most Comprehensive
- More timeframes than any other FVG indicator
- Advanced features not found elsewhere
- Professional-grade visual presentation
✅ Institutional-Grade
- Based on smart money concepts (SMC)
- ICT (Inner Circle Trader) methodology compatible
- Used by professional prop traders
✅ User-Friendly
- Clean, intuitive interface
- Detailed tooltips and descriptions
- Works out-of-the-box with optimal defaults
✅ Continuously Updated
- Regular improvements and optimizations
- Community feedback incorporated
- Professional development by PineProfits
🔥 PERFECT FOR
- Scalpers seeking quick FVG fills
- Day Traders using multi-timeframe analysis
- Swing Traders identifying major zones
- ICT/SMC Traders following smart money
- Prop Firm Traders needing reliable setups
- Algorithmic Traders building systematic strategies
- Technical Analysts studying market structure
- All Experience Levels from beginners to professionals
💎 ADVANCED TIPS
1. Confluence is Key: The strongest signals occur when multiple timeframe FVGs align at the same price level
2. Fresh vs Tested: Untested FVGs (original color) are stronger than tested ones (gray/muted color)
3. Time of Day: FVGs formed during high-volume sessions (London/NY) are more reliable
4. Trend Alignment: Trade FVGs in the direction of the higher timeframe trend for best results
5. Volume Confirmation: Combine with volume indicators for enhanced reliability
📈 INDICATOR SETTINGS
Visual Settings
- Visual Theme: Choose between Dark Intergalactic, Light Minimal, or Pro Modern
- Show Branding: Toggle PineProfits branding on/off
General Settings
- Move box levels with price touch: Dynamically adjust FVG zones
- Change box color with price touch: Visual feedback for tested zones
- Extend boxes to the right: Project zones into the future
- Plot Timeframe Label: Show origin timeframe on each FVG
- Show FVG Dashboard: Toggle the summary dashboard
Timeframe Selection
Select any combination of 12 available timeframes (1m to Weekly)
🚀 GET STARTED NOW
1. Click "Add to Favorites" to save this indicator
2. Apply to your chart - works on any instrument
3. Join thousands of traders already using this professional tool
4. Follow PineProfits for more institutional-grade indicators
⚖️ DISCLAIMER
This indicator is for educational and informational purposes only. It should not be considered financial advice. Always do your own research and practice proper risk management. Past performance does not guarantee future results. Trade responsibly.
© PineProfits - Professional Trading Tools for Modern Markets
If you find this indicator valuable, please leave a like and comment. Your support helps me create more professional-grade tools for the TradingView community!
Nexus v10Nexus v10 - Confluence-Driven Trading Indicator
The Nexus v10 is a sleek, modern, and versatile trading indicator that delivers precise buy and sell signals by synthesizing a confluence of technical factors, including Heikin Ashi candles, RSI, ADX, and EMA crossovers. The name "Nexus" captures its core strength—connecting and synthesizing multiple signals into a cohesive trading decision point. The term evokes a central hub or convergence, reflecting the script’s confluence-based approach, dynamic adaptability, and real-time precision for scalping. Designed for traders seeking clarity and efficiency, it’s a powerful tool for navigating dynamic markets.
Key Features:
Confluence-Based Signals: Combines weighted signals from Heikin Ashi, RSI, ADX, and EMA crossovers to generate high-probability buy/sell signals.
Neutral Status Logic: Limits consecutive signals to two per direction, requiring a "Neutral" status before the second signal to ensure disciplined trading.
Clean Visualization: Displays only the two most recent buy/sell signals, keeping the chart uncluttered and focused on current opportunities.
Dynamic Adaptability: Offers customizable RSI thresholds, EMA lengths, MTF settings, and dynamic overbought/oversold levels to fit any market or style.
Candle Coloring & Inside Bars: Highlights overbought/oversold conditions and inside bars with customizable colors for enhanced context.
Real-Time Debug Table: Provides live insights into signal status, RSI, MTF trends, and ADX for informed decision-making.
How It Works:
Nexus v10 integrates multiple technical factors, including MTF analysis (default: 3m, 15m, 240m, D), RSI, ADX, and EMA crossovers, to produce signals when confluence criteria are met. Signals appear as circles on the chart, with a maximum of two visible signals per direction (buy or sell). A second signal in the same direction requires a neutral status, ensuring precision. Ideal for scalping, swing, and trend trading across stocks, forex, futures, and more.
Usage Tips:
Customize settings like RSI thresholds and MTF periods to align with your trading strategy.
Use the debug table to monitor confluence factors and signal status in real-time.
Pair with sound risk management and personal analysis for optimal results.
Note:
Always backtest thoroughly in your trading environment to validate performance. Let the Nexus v10 guide your next trade with precision and clarity!
Nexus v10Nexus v10 - Confluence-Driven Trading Indicator
The Nexus v10 is a sleek, modern, and versatile trading indicator that delivers precise buy and sell signals by synthesizing a confluence of technical factors, including Heikin Ashi candles, RSI, ADX, and EMA crossovers. The name "Nexus" captures its core strength—connecting and synthesizing multiple signals into a cohesive trading decision point. The term evokes a central hub or convergence, reflecting the script’s confluence-based approach, dynamic adaptability, and real-time precision for scalping. Designed for traders seeking clarity and efficiency, it’s a powerful tool for navigating dynamic markets.
Key Features:
Confluence-Based Signals: Combines weighted signals from Heikin Ashi, RSI, ADX, and EMA crossovers to generate high-probability buy/sell signals.
Neutral Status Logic: Limits consecutive signals to two per direction, requiring a "Neutral" status before the second signal to ensure disciplined trading.
Clean Visualization: Displays only the two most recent buy/sell signals, keeping the chart uncluttered and focused on current opportunities.
Dynamic Adaptability: Offers customizable RSI thresholds, EMA lengths, MTF settings, and dynamic overbought/oversold levels to fit any market or style.
Candle Coloring & Inside Bars: Highlights overbought/oversold conditions and inside bars with customizable colors for enhanced context.
Real-Time Debug Table: Provides live insights into signal status, RSI, MTF trends, and ADX for informed decision-making.
How It Works:
Nexus v10 integrates multiple technical factors, including MTF analysis (default: 3m, 15m, 240m, D), RSI, ADX, and EMA crossovers, to produce signals when confluence criteria are met. Signals appear as circles on the chart, with a maximum of two visible signals per direction (buy or sell). A second signal in the same direction requires a neutral status, ensuring precision. Ideal for scalping, swing, and trend trading across stocks, forex, futures, and more.
Usage Tips:
Customize settings like RSI thresholds and MTF periods to align with your trading strategy.
Use the debug table to monitor confluence factors and signal status in real-time.
Pair with sound risk management and personal analysis for optimal results.
Note:
Always backtest thoroughly in your trading environment to validate performance. Let the Nexus v10 guide your next trade with precision and clarity!
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
