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Liquidity Levels MTF - SonarlabThis indicator uses Pivot Points to identify Liquidity Levels in the market. Liquidity Levels are levels in the market where you would expect price to be pulled towards. Liquidity Levels by Sonarlab also has an option to show Higher Timeframe Liquidity Levels. Below are the indicators settings: Liquidity Mitigation Options The Indicator has options for you to choose what happens to the Liquidity line/boxes once it has been mitigated. Either Keep them on the chart, or remove them. Display Styles Choose how the levels are displayed, either with Lines or Boxes. Set the your Extension options, by keeping the lines/boxes "short" or extend to current price, or maximum to the right Colors and Styles Set colors and styles for all lines and boxes
Indicatore Pine Script®
di vuetratrading
32
SFC Smart Money Manipulation - MTF ZonesThis indicator shows the most important manipulated zones - true support and resistance. The indicator can show the zones from different time frames - 1H, 4H, D and the current TF. Order Block definition - small candle or few consecutive candles, where banks place buy and sell orders in order to manipulate the price. After price is manipulated and moved in one direction, the banks are in draw down, that is why they manipulate the price one more time before the true move, retesting these candles (closing losing positions). FU candles FU candles are most manipulated candles and create very strong reaction zones. These are the true zones, where the banks place their orders. Why they are so strong? The answer is very simple - these candles clear the liquidity from the previous ones. After the liquidity is cleared ( all stop losses/pending orders are triggered), price reveal the true direction and move very fast. FU candles are type of Order Blocks - the most powerful one. Because the most volume is in the body of the order block. The indicator shows not only the FU candle, but the body of the order block. There are two types of FU candles : (only full FU candles are displayed as zones, because they are much significant) 1) Full fu, where the current candle completely engulf the previous one, after taking the liquidity. (displayed as F) 2) Current candle only take liquidity from the previous one, but failed to engulf it. (displayed as A) 9 day simple moving average is also displayed. When the price form Fu candle above/under the MA, there is a better chance for reversal. When FU candles are retested the transparency will change, showing that the zones may have less impact. Order Blocks Only the current order blocks are displayed. Price react very often from the 50% level, that is why this level is also displayed. Rejections Rejections are doji candles or candles with big wicks. These rejections very often lead to reversals or deep pullbacks. But before the true move, price test the rejection levels. The retest is not always, but very often of the 50% of the wick. The rejections are very important price zone. The indicator can show the zones from different time frames - 1H, 4H, D and the current TF. When wicks are retested the transparency and colour will change, showing that the wicks may have less impact or no more impact. Settings -The colour and transparency of the zones can be changed. - Multi time frames zones could be disabled. - Doji settings - Length of the moving average How to use If price reach one of the displayed zones. The trader should be prepared for price reaction. This reaction could lead to reversal, pull back or trading range. The trader should have bias from the higher time frames and watch for signs of manipulations on smaller time frames.
Indicatore Pine Script®
di SerpentForexClub
10
Chrtpnk LTF Pullback ScalperINTRODUCTION I am happy to present the system which I am using for intraday scalps. I have developed this system for my own using, and it has started out as a mere productivity tool. Since I am using more timeframes for the calibration of my scalp entries, I needed a clean, color-based chart tool that relieves me from watching several timeframes simultaneously. The system has been optimized for entries on the 15-minute chart, providing calibration by following the 1-hour and 4-hour charts in the background. In this trend following momentum pullback scalping system we are following the trend structure, the multi-timeframe momentum, and we can also add the Stochastic RSI to properly time our entries. Below please find details. TREND STRUCTURE The overall trend on our trading timeframe is shown with the assistance of three weighted moving average levels. In line with general MA trading principles, we are looking for the proper alignment of the MA levels, and a correlating price action with our trade. Whenever the short MA is above the middle MA and both of them are above the long MA, the trend is long. Whenever the short MA is below the middle MA and both of them are below the long MA, the trend is short. MOMENTUM (Multi Timeframe!) Further to the general trend structure, I am using market momentum to confirm my entries and exits. The most important market indicators to me in this respect are the RSI , DMI and Momentum Oscillator values. A bullish confluence of these momentum indicators are a confirmation for me on a long entry, and a bearish confluence may confirm a short entry. This aspect is where I believe my indicator is a huge help. Instead of having to check for confluence separately, the indicator is simply signaling confluence by painting the bars, thus providing an easy and quick reading of current momentum. Even further, the indicator is able to analyize the underlying indicators on three timeframes simultaneously, and paint the candles only in case of total confluence. This has been a huge help in my trading, as it provides me with an immediate MTF momentum reading upon opening a chart. MY PREFERRED USE OF THIS INDICATOR I am using this indicator on the 15-minute chart, and I am basically trying to perform trend following momentum pullback scalps. In order to properly time your sniper entries, you may add the Stochastic RSI to the indicator. Here is the strategy: Long scalp: You are looking for a bullish moving average structure, and you are looking for green candles printed by the Chartpunk Indicator. Green candles mean bullish momentum confluence on the 15m, 1h and 4h timeframes. When you have the bullish ma structure and the green candles, you are waiting for a pullback to the short (yellow) moving average, or to the middle (orange) moving average. The shallower the pullback the stronger the odds. When you see a bounce (trend continuation) and you get also confirmation from the Stochastic RSI, you enter a long scalp. Short scalp: You are looking for a bearish moving average structure, and you are looking for red candles printed by the Chartpunk Indicator. Red candles mean bearish momentum confluence on the 15m, 1h and 4h timeframes. When you have the bearish ma structure and the red candles, you are waiting for a pullback to the short (yellow) moving average, or to the middle (orange) moving average. The shallower the pullback the stronger the odds. When you see a bounce (trend continuation) and you get also confirmation from the Stochastic RSI, you enter a short scalp. SUMMARY This indicator is providing a very clean and quick-to-read outlook of an otherwise rather time and focus intensive study. Instead of checking for confluence of three momentum indicators on three timeframes, you immediately see confluence with the candle paint. The moving average structure is promptly there to confirm the read. The indicator is both a huge productivity help in scouting the market, and an asset to properly time your entries.
Indicatore Pine Script®
di panickyChile85473
Mastering Market Structure"Market structure first, always" - Mr. Anderson aka TrueCrypto28 right before he went on to master Kung-Fu Understanding and identifying market structure is essential for successful and consistent profitability. No system is perfect, but trading in the direction of the prevailing market structure can reduce the likelihood of being caught severely offsides and can yield trades with tighter invalidations and greater risk-to-reward potential. This script will automatically identify and plot the following: Market Structure Pivot highs and lows using the lookback left and right lengths are analyzed to identify major swing highs and lows to identify the current trading range. Bullish structure is characterized by a series of higher highs and higher lows. Bearish Structure is characterized by lower highs and lower lows. Structure breaks when a bar closes outside the current trading range. Major swing highs and lows will update following these breaks to continue following the current price action Current market structure bias, bullish or bearish, can be displayed in a table in the location of your choosing. Structure is fractal, so seeing low time frame structure shift against the high time frame structure can identify the beginning of a pullback. When it realigns with the high timeframe structure, it can identify the beginning of the high time frame trend continuation. You can choose to analyze structure on any timeframe with this script and even add multiple copies of it to your chart each analyzing different a timeframes to easily find high quality trade opportunities. Fibonacci Levels of the current trading range These are included to help identify areas of interest for trade execution and profit levels. We want to buy at a discount and sell at a premium. The "Wholesale Zone" can be considered below the 50% retracement level in bullish structure, or above it in a bearish structure. When in a bullish structure, "discount" buy opportunities can be found below the 50% retracement level with the expectation of trend continuation. In a bearish structure, more ideal "premium' sell opportunities can be found above the 50% retracement with the expectation of trend continuation. Optimal trade entry (OTE) zone, between the 61.8% and 78.6% retracement can offer a great risk-to-reward ratio for execution of a new position in trending environments. When trading sideways in a range, opening new buy positions near the bottom of the range or new sell positions from the top of the range are preferred. Midrange 50% level commonly sees some reaction and can be used as a primary target with further targets either being the opposite end of the range or lower support levels (see order block section). Order Blocks New Bullish and bearish order blocks are created and plotted with every respective market structure break. They identify the price level from which the most recent leg of price action that yielded the structure break began. In strong trending environments, these levels should continue to support or resist price. They are great areas to look to enter new positions. Order blocks can also be used as targets for your trades to avoid giving back unrealized profits as price tends to react off of these levels. To keep your chart clean and the order blocks relevant, an order block will be automatically deleted if price trades through and closes beyond it. Otherwise, printed order blocks will remain on your chart until either it's origin bar is out of TradingView's maximum bar history allowance or their maximum box count allowance. Pairing these with fibonacci levels, retracements into order blocks that are in the Wholesale Zone or even the OTE zone offer higher probability trades with more favorable risk-to-reward potential. Swing Failure Swing failure patterns (SFPs) arise when a candle takes out a swing high or low, but fails to close beyond it. Again, pairing these with other features of this script like range boundaries, wholesale zones, OTE zones, and order blocks can help traders identify the best times to actually execute their trade as SFPs are commonly seen at points of inflection in price action. Moving Averages Up to 4 moving averages from the current time frame are available. MA type and lengths can be adjusted to your preference. Up to 4 MTF MAs. By Default this is an EMA 200 as it is commonly used for trend identification and support/resistance. These are included for confluence of trend direction and strength. They can also act as dynamic support and resistance and so can be useful for trade execution if price bounces or rejects off of them or targets as price may do so when it reaches them. Additionally, alerts have been coded for the following scenarios: MS Break alerts will trigger on bar close when a break in market structure has been confirmed. SFP alerts will trigger on bar close when the swing failure pattern has been confirmed. Entering OB alerts will trigger as soon as price touches the closest order block. Entering Wholesale Zone alerts will trigger as soon as price cross the 50% retracement level. This can be used as an early alert to identify assets that have undergone a significant pullback before potential continuation in the direction of the main trend. Entering OTE Zone alerts will trigger as soon as price crosses into the Optimal Trade Entry zone between the 61.8% and 78.6% retracement. This script is unique in the way that it tracks market structure, automatically updates as price action continues to develop, presents high quality areas of interest, and SFPs for trend reversal and continuation. Traders will no longer need to constantly monitor their charts or exhaustively update their alerts to find good trade opportunities. This script takes care of all of it automatically. Collectively, all of the included features can be used to build a complete trading system.
Indicatore Pine Script®
di DoctaBot
19
Williams Vix Fix ultra complete indicator (Tartigradia)Williams VixFix is a realized volatility indicator developed by Larry Williams, and can help in finding market bottoms. Indeed, as Williams describe in his paper, markets tend to find the lowest prices during times of highest volatility, which usually accompany times of highest fear. The VixFix is calculated as how much the current low price statistically deviates from the maximum within a given look-back period. Although the VixFix originally only indicates market bottoms, its inverse may indicate market tops. As masa_crypto writes : "The inverse can be formulated by considering "how much the current high value statistically deviates from the minimum within a given look-back period." This transformation equates Vix_Fix_inverse. This indicator can be used for finding market tops, and therefore, is a good signal for a timing for taking a short position." However, in practice, the Inverse VixFix is much less reliable than the classical VixFix, but is nevertheless a good addition to get some additional context. For more information on the Vix Fix, which is a strategy published under public domain: * The VIX Fix, Larry Williams, Active Trader magazine, December 2007, web.archive.org * Fixing the VIX: An Indicator to Beat Fear, Amber Hestla-Barnhart, Journal of Technical Analysis, March 13, 2015, ssrn.com * Replicating the CBOE VIX using a synthetic volatility index trading algorithm, Dayne Cary and Gary van Vuuren, Cogent Economics & Finance, Volume 7, 2019, Issue 1, doi.org Created By ChrisMoody on 12-26-2014... V3 MAJOR Update on 1-05-2014 tista merged LazyBear's Black Dots filter in 2020: Extended by Tartigradia in 10-2022: * Can select a symbol different from current to calculate vixfix, allows to select SP:SPX to mimic the original VIX index. * Inverse VixFix (from masa_crypto and web.archive.org) * VixFix OHLC Bars plot * Price / VixFix Candles plot (Pro Tip: draw trend lines to find good entry/exit points) * Add ADX filtering, Minimaxis signals, Minimaxis filtering (from samgozman ) * Convert to pinescript v5 * Allow timeframe selection (MTF) * Skip off days (more accurate reproduction of original VIX) * Reorganized, cleaned up code, commented out parts, commented out or removed unused code (eg, some of the KC calculations) * Changed default Bollinger Band settings to reduce false positives in crypto markets. Set Index symbol to SPX, and index_current = false, and timeframe Weekly, to reproduce the original VIX as close as possible by the VIXFIX (use the Add Symbol option, because you want to plot CBOE:VIX on the same timeframe as the current chart, which may include extended session / weekends). With the Weekly timeframe, off days / extended session days should not change much, but with lower timeframes this is important, because nights and weekends can change how the graph appears and seemingly make them different because of timing misalignment when in reality they are not when properly aligned.
Indicatore Pine Script®
di tartigradia
7
Smart Money Concepts (SMC) [LuxAlgo]This all-in-one indicator displays real-time market structure (internal & swing BOS / CHoCH), order blocks, premium & discount zones, equal highs & lows, and much more...allowing traders to automatically mark up their charts with widely used price action methodologies. Following the release of our Fair Value Gap script, we received numerous requests from our community to release more features in the same category. "Smart Money Concepts" (SMC) is a fairly new yet widely used term amongst price action traders looking to more accurately navigate liquidity & find more optimal points of interest in the market. Trying to determine where institutional market participants have orders placed (buy or sell side liquidity) can be a very reasonable approach to finding more practical entries & exits based on price action. The indicator includes alerts for the presence of swing structures and many other relevant conditions. Features This indicator includes many features relevant to SMC, these are highlighted below: Full internal & swing market structure labeling in real-time Break of Structure (BOS) Change of Character (CHoCH) Order Blocks (bullish & bearish) Equal Highs & Lows Fair Value Gap Detection Previous Highs & Lows Premium & Discount Zones as a range Options to style the indicator to more easily display these concepts Settings Mode: Allows the user to select Historical (default) or Present, which displays only recent data on the chart. Style: Allows the user to select different styling for the entire indicator between Colored (default) and Monochrome. Color Candles: Plots candles based on the internal & swing structures from within the indicator on the chart. Internal Structure: Displays the internal structure labels & dashed lines to represent them. (BOS & CHoCH). Confluence Filter: Filter non-significant internal structure breakouts. Swing Structure: Displays the swing structure labels & solid lines on the chart (larger BOS & CHoCH labels). Swing Points: Displays swing points labels on chart such as HH, HL, LH, LL. Internal Order Blocks: Enables Internal Order Blocks & allows the user to select how many most recent Internal Order Blocks appear on the chart. Swing Order Blocks: Enables Swing Order Blocks & allows the user to select how many most recent Swing Order Blocks appear on the chart. Equal Highs & Lows: Displays EQH/EQL labels on chart for detecting equal highs & lows. Bars Confirmation: Allows the user to select how many bars are needed to confirm an EQH/EQL symbol on chart. Fair Value Gaps: Displays boxes to highlight imbalance areas on the chart. Auto Threshold: Filter out non-significant fair value gaps. Timeframe: Allows the user to select the timeframe for the Fair Value Gap detection. Extend FVG: Allows the user to choose how many bars to extend the Fair Value Gap boxes on the chart. Highs & Lows MTF: Allows the user to display previous highs & lows from daily, weekly, & monthly timeframes as significant levels. Premium/Discount Zones: Allows the user to display Premium, Discount, and Equilibrium zones on the chart Usage Users can see automatic CHoCH and BOS labels to highlight breakouts of market structure, which allows to determine the market trend. In the chart below we can see the internal structure which displays more frequent labels within larger structures. We can also see equal highs & lows (EQH/EQL) labels plotted alongside the internal structure to frequently give indications of potential reversals. In the chart below we can see the swing market structure labels. These are also labeled as BOS and CHoCH but with a solid line & larger text to show larger market structure breakouts & trend reversals. Users can be mindful of these larger structure labels while trading internal structures as displayed in the previous chart. Order blocks highlight areas where institutional market participants open positions, one can use order blocks to determine confirmation entries or potential targets as we can expect there is a large amount of liquidity at these order blocks. In the chart below we can see 2 potential trade setups with confirmation entries. The path outlined in red would be a potential short entry targeting the blue order block below, and the path outlined in green would be a potential long entry, targeting the red order blocks above. As we can see in the chart below, the bullish confirmation entry played out in this scenario with the green path outlined in hindsight. As price breaks though the order blocks above, the indicator will consider them mitigated causing them to disappear, and as per the logic of these order blocks they will always display 5 (by default) on the chart so we can now see more actionable levels. The Smart Money Concepts indicator has many other features and here we can see how they can also help a user find potential levels for price action trading. In the screenshot below we can see a trade setup using the Previous Monthly High, Strong High, and a Swing Order Block as a stop loss. Accompanied by the Premium from the Discount/Premium zones feature being used as a potential entry. A potential take profit level for this trade setup that a user could easily identify would be the 50% mark labeled with the Fair Value Gap & the Equilibrium all displayed automatically by the indicator. Conclusion This indicator highlights all relevant components of Smart Money Concepts which can be a very useful interpretation of market structure, liquidity, & more simply put, price action. The term was coined & popularized primarily within the forex community & by ICT while making its way to become a part of many traders' analysis. These concepts, with or without this indicator do not guarantee a trader to be trading within the presence of institutional or "bank-level" liquidity, there is no supporting data regarding the validity of these teachings.
Indicatore Pine Script®
di LuxAlgo
1 K
MACD MTF [JoseMetal]============ ENGLISH ============ - Description: This is an standard MACD with another higher timeframe auto-configurable MACD (this means that you can customize which higher timeframe will be shown automatically depending on the current one), only MACD and SIGNAL lines are visible for both, background color depends on their agreement, MACD with SIGNAL line are also highlighted with a dot. - Visual: Current timeframe MACD and SIGNAL lines. Higher timeframe MACD and SINGAL lines. Crossovers for both MACDs. Background turns green when both MACD are bullish, red on bearish, on the first candle the color is stronger, color is gray if there's no agreement. There's also a table in the right showing the current direction for both MACDs with the timeframe as well. - Customization: Almost everything is customizable, MACD values, colors, timeframes etc., check it out, and please tell me if you need anything else added. You can also customize timeframe combinations. - Usage and recommendations: Default configuration is great, the higher timeframe is good x3 times the current one, for example, 1H and 3H or 4H and 12H. Try to catch trades when both MACD agree or pullbacks in the current timeframe according to the higher timeframe one. You can play divergences too. Enjoy! ============ ESPAÑOL ============ - Descripción: Este es un MACD estándar con otro MACD autoconfigurable (ésto significa que puedes configurar qué temporalidad superior se mostrará partiendo de la actual) con temporalidad superior, sólo las líneas de MACD y SEÑAL son visibles para ambos, el color de fondo depende de su acuerdo, los cruces de los MACD con su línea de señal también se representan con un punto. - Visual: Líneas de MACD y SEÑAL de la temporalidad actual. Líneas de MACD y SEÑAL de la temporalidad superior. Cruces de ambos MACD. El fondo se vuelve verde cuando ambos MACD son alcistas, rojo para bajistas, en la primera vela el color es más fuerte, el color es gris si no hay acuerdo. También hay una tabla a la derecha que muestra la dirección actual para ambos MACDs con el marco de tiempo. - Personalización: Casi todo es personalizable, los valores del MACD, los colores, los marcos de tiempo, etc., compruébalo, y por favor, dime si necesitas añadir algo más. También puedes configurar las combinaciones de temporalidades a gusto. - Uso y recomendaciones: La configuración por defecto es perfecta para mi gusto, la temporalidad más alta va bien con un multiplicador de x3, por ejemplo, 1H y 3H o 4H y 12H. Trate de atrapar operaciones cuando ambos MACD coinciden o en pullbacks de la temporalidad actual de acuerdo con el marco de tiempo superior. También puedes jugar con las divergencias. ¡Que lo disfrutes!
Indicatore Pine Script®
di JoseMetal
4
TMO ArrowsTMO - (T)rue (M)omentum (O)scillator) MTF Arrows Do you want to use TMO but you lack space on the chart? This study is just for you. This is the more user-friendly version of the TMO Oscillator. In terms of the indicator there are no changes except the indicator is converted in to the simple arrows. There are Four Types of Arrows: 1. TMO Arrow Up - Visualizes the TMO bullish crosses. 2. TMO Arrow Down - Visualizes the TMO bearish crosses. 3. TMO Arrow Up (Oversolds Only) - Visualizes only the bullish crosses that are at or below the oversold zone. 4. TMO Arrow Down (Overboughts Only) - Visualizes only the bearish crosses that are at or above the overbought zone. In case you only want the arrows for extremes, turn off the Arrow Up / Arrow Down first. Arrows for extremes only are turned off by default. Hope it helps.
Indicatore Pine Script®
di lnlcapital
5
RF+ Divergence Scalping SystemRF+ Divergence Scalping System + Custom Signals + Alerts. This chart overlay indicator has been developed for the low timeframe divergence scalper. Built upon the realtime divergence drawing code from the Divergence for Many indicator originally authored by Lonsometheblue, this chart overlay indicator bundles several additional unique features and modifications to serve as an all-in-one divergence scalping system. The current key features at the time of publishing are listed below (features are optional and can be enabled or disabled): - Fully configurable realtime divergence drawing and alerting feature that can draw divergences directly on the chart using data sourced from up to 11 oscillators selected by the user, which have been included specifically for their ability to detect divergences, including oscillators not presently included in the original Divergence for Many indicator, such as the Ultimate Oscillator and TSI. - Optional on chart table showing a summary of key statuses of various indicators, and nearby divergences. - 2 x Range Filters with custom settings used for low timeframe trend detection. - 3 x configurable multi-timeframe Stochastic RSI overbought and oversold signals with presentation options. - On-chart pivot points drawn automatically. - Automatically adjusted pivot period for up to 4 configurable time frames to fine tune divergences drawn for optimal divergence detection. - Real-price line for use with Heikin Ashi candles, with styling options. - Real-price close dots for use with Heikin Ashi candles, with styling options. - A selection of custom signals that can be printed on-chart and alerted. - Sessions indicator for the London, New York, Tokyo and Sydney trading sessions, including daylight savings toggle, and unique ‘invert background color’ option, which colours the entire chart - except the trading session you have selected, leaving your chart clear of distracting background color. - Up to 4 fully configurable moving averages. - Additional configurable settings for numerous built in indicators, allowing you to alter the lengths and source types, including the UO, TSI, MFI, TSV, 2 x Range Filters. - Configurable RSI Trend detection signal filter used in a number of the signals, which filters buy signals where the RSI is over the RSI moving average, and only prints sell signals where RSI is under the moving average. - Customisable on-chart watermark, with inputs for a custom title, subtitle, and also an optional symbol | timeframe | date feature. The Oscillators able to be selected for use in drawing divergences at the time of publishing are as follows: - Ultimate Oscillator (UO) - True Strength Indicator (TSI) - Money Flow Index (MFI) - Cumulative Delta Volume (CDV) - Time Segmented Volume (TSV) - Commodity Channel Index (CCI) - Awesome Oscillator - Relative Strength Index (RSI) - Stochastic - On Balance Volume (OBV) - MACD Histogram What are divergences? Divergence is when the price of an asset is moving in the opposite direction of a technical indicator, such as an oscillator, or is moving contrary to other data. Divergence warns that the current price trend may be weakening, and in some cases may lead to the price changing direction. There are 4 main types of divergence, which are split into 2 categories; regular divergences and hidden divergences. Regular divergences indicate possible trend reversals, and hidden divergences indicate possible trend continuation. Regular bullish divergence: An indication of a potential trend reversal, from the current downtrend, to an uptrend. Regular bearish divergence: An indication of a potential trend reversal, from the current uptrend, to a downtrend. Hidden bullish divergence: An indication of a potential uptrend continuation. Hidden bearish divergence: An indication of a potential downtrend continuation. Setting alerts. With this indicator you can set alerts to notify you when any/all of the above types of divergences occur, on any chart timeframe you choose, also when the triple timeframe Stochastic RSI overbought and oversold confluences occur, as well as when custom signals are printed. Configurable pivot period values. You can adjust the default pivot period values to suit your prefered trading style and timeframe. If you like to trade a shorter time frame, lowering the default lookback values will make the divergences drawn more sensitive to short term price action. By default, this indicator has enabled the automatic adjustment of the pivot periods for 4 configurable time frames, in a bid to optimize the divergences drawn when the indicator is loaded onto any of the 4 time frames selected. These time frames and their associated pivot periods can be fully reconfigured within the settings menu. By default, these have been further optimized for the low timeframe scalper trading on the 1-15 minute time frames. How do traders use divergences in their trading? A divergence is considered a leading indicator in technical analysis , meaning it has the ability to indicate a potential price move in the short term future. Hidden bullish and hidden bearish divergences, which indicate a potential continuation of the current trend are sometimes considered a good place for traders to begin, since trend continuation occurs more frequently than reversals, or trend changes. When trading regular bullish divergences and regular bearish divergences, which are indications of a trend reversal, the probability of it doing so may increase when these occur at a strong support or resistance level . A common mistake new traders make is to get into a regular divergence trade too early, assuming it will immediately reverse, but these can continue to form for some time before the trend eventually changes, by using forms of support or resistance as an added confluence, such as when price reaches a moving average, the success rate when trading these patterns may increase. Typically, traders will manually draw lines across the swing highs and swing lows of both the price chart and the oscillator to see whether they appear to present a divergence, this indicator will draw them for you, quickly and clearly, and can notify you when they occur. How do traders use overbought and oversold levels in their trading? The oversold level is when the Stochastic RSI is above the 80 level is typically interpreted as being 'overbought', and below the 20 level is typically considered 'oversold'. Traders will often use the Stochastic RSI at, or crossing down from an overbought level as a confluence for entry into a short position, and the Stochastic RSI at, or crossing up from an oversold level as a confluence for an entry into a long position. These levels do not mean that price will necessarily reverse at those levels in a reliable way, however. This is why this version of the Stoch RSI employs the triple timeframe overbought and oversold confluence, in an attempt to add a more confluence and reliability to this usage of the Stoch RSI. This indicator is intended for use in conjunction with related panel indicators including the TSI+ (True Strength Indicator + Realtime Divergences), UO+ (Ultimate Oscillator + Realtime Divergences), and optionally the STRSI+ (MTF Stochastic RSI + Realtime Divergences) and MFI+ (Money Flow Index + Realtime Divergences) available via this authors’ Tradingview profile, under the scripts section. The realtime divergence drawing code will not identify all divergences, so it is suggested that you also have panel indicators to observe. Each panel indicator also offers additional means of entry confirmation into divergence trades, for example, the Stochastic can indicate when it is crossing down from overbought or up from oversold, the TSi can indicate when the 2 TSI bands cross over one another upward or downward, and the UO and MFI can indicate an entry confluence when they are nearing, or crossing their centerlines, for more confidence in your divergence trade entries. Additional information on the settings for this indicator can be found via the tooltips within the settings menu itself. Further information on feature updates, and usage tips & tricks will be added to the comments section below in due course. Disclaimer: This indicator uses code adapted from the Divergence for Many v4 indicator authored by Lonesometheblue, and several stock indicators authored by Tradingview. With many thanks.
Indicatore Pine Script®
di PHVNTOM_TRADER
17
[FrizLabz]MTF FVGMulti-TimeFrame FVGs FVG = Fair Value Gap an FVG indicates an impulsive move which leaves unfilled orders in the imbalance to which usually we observe price return to and fill the unfilled orders also an indication of BIG Money entering the market To be used with your Top-Down analysis with Smart Money Strategies 6 Options for TFs Best to Check Multipule TFs since some of the FVGs will be mitigated around Creation because the indicator uses the high and low of current chart Let me know if you find any bugs Please and Thank you
Indicatore Pine Script®
di FFriZz
29
JMF MTF historical Vwap map and static levels. What is a vwap map? This is a Multi time frame Historical vwap heatmap. The study plots lines and maps out historical vwap zones based on closing vwap value of the time frame selected and the time frames high range. Show casing high volume concentration areas and low volume area's from each time frame chosen on chart. Static Vwap Lines can be turned off in settings, as well as the map, you can use each individually or paired together for a more complete overview of the levels. You can also refine the search by using the "Gap %" input. This will filter out and search for average price's that have gapped up or down "X" percent from the previous days average price. Leaving you with Static vwaps and map zones from the most important "Gap Day's". This helps clean up the over all visual, but be careful choosing a higher gap percentage, that you don't lose too much granularity the map offers. What will a "Static vwap and Map look like" The look will vary greatly depending on where the stock is in its historical range. If the name is in a consolidation range with a lot of recent average prices directly above and below, you will have a heavy, crowded, Darker/intense heat signature from the map, You will also see levels in map mode over lapping and lines bundled together. These high traffic area's can act as great support or resistance since they are showing a congregation of historical average prices where participants have previously interacted. On the contrary, if you see "open air" in the map, or large areas of blank chart where no heat signature is mapping, this is an area of LOW volume and average prices. Current price will or can move quickly through these areas IF price accepts inside the open air range. If price does NOT accept inside the open air range, Then the blank low volume zone can and will act as support or resistance given the situation. Capture the gaps. I look to capture these "Gaps" created by the map and static levels both long or short. I have noticed over time that the higher time frame maps zones are WELL respected intraday, Daily, Weekly, Monthly etc. I look for areas where we are clearing a high volume zone, we break above, hold and accept into open air, and start to move through the open air zones up or down. I also use the more granular smaller levels as support and resistance intraday while in plays. Time frames and settings . User has 3 inputs for seperate time frames to show. You can show a combo of all 3 timeframes, or you can show only a single time frame of your choosing, or two. Mix and match with the string input time frames. Acceptable inputs are - 5,10,15,30,60,90,240,D,W,M,2D,4W,3M and so on. Any combination of string input timeframe should work, that means numbers (5,10,15,etc) or letters (D,W,M,etc) or combination of the two. Look and feel Each time frame has its own color input, transparency input, line style input, and line weight input. User can customize any of the lines or maps to their liking with a wide variety of styles, widths, and colors. Any or all of the time frames can be enabled or disabled as well, to make the map as busy, or as calm as you would like. Enjoy ! In the end I encourage any who tries the Heatmap to really sit down and spend some time playing around with the settings in order to find out how they like the map set up. I usually run the default settings on a intraday 5min chart, and then another instance of the study on a 15min chart with W,M,3M. plotted. That way I can see granular intraday levels, and macro long term levels in the same view. See what fit's you the best, and how you like to trade. Most of all ENJOY! Good luck - JMF. IMPORTANT INFO - As always, the creator of this code is NOT a licensed investment advisor. No output of this tool is to be taken as investment advice or a recommendation to buy or sell any security. Trading is risky, any one using this tool acknowledges they CAN LOSE some if not all of their initial investment even with this tool enabled. User assumes ALL RESPONSIBILITY when using this tool in their technical analysis .
Indicatore Pine Script®
di JMF_Tattoo
19
Chartpunk Trading SystemINTRODUCTION I am happy to present the system which I am using in my daily free market updates. The system is based on my own trading strategy whereby I am focusing on trend and momentum. I have developed this indicator for my own using, the main purpose was to provide me with a simplified outlook on all parameters that I am following, and make it easier to follow multiple assets. I am amazed to see my audience growing, and since I have received multiple requests for access to this system, I have decided to publish the indicator on TradingView. I hope it will be useful for many of you in understanding core trend and momentum easier and faster. TREND STRUCTURE The moving average based system developed by the late Tyler Jenks has made a big impression to me years ago, and I have started to build my position trading system around his concept. The core idea is that when analyzing trend, the price "is just noise". Tyler declared that instead of the actual price, you should focus on price trends, based on three moving averages, their alignment and crosses. Focusing on the trend structure provides you with a cleaner understanding of the market then being fixated on the actual price. Tyler has used a very short moving average (3) instead of the price, and two longer averages (7 and 30) to identify trend direction. The alignment of these three moving averages provide you with guidance on whether to be short or long, and on the extent of being short or long. Further to the alignment of these moving averages, their direction (ascending or descending) is a further aspect to consider. Try taking off the price from your chart, you will see how these three moving averages provide you with a clean trend structure. This indicator is plotting the 3,7,30 moving averages accordingly, but you are free to alter the settings according to your own needs. MOMENTUM (Multi Timeframe!) Further to the general trend structure, I am using market momentum to confirm my entries and exits. The most important market indicators to me in this respect are the RSI, DMI and Momentum Oscillator values. A bullish confluence of these momentum indicators are a confirmation for me on a long entry, and a bearish confluence may confirm a short entry. This aspect is where I believe my indicator is a huge help. Instead of having to check for confluence separately, the indicator is simply signaling confluence by painting the bars, thus providing an easy and quick reading of current momentum. Even further, the indicator is able to analyize the underlying indicators on three timeframes simultaneously, and paint the candles only in case of total confluence. This has been a huge help in my trading, as it provides me with an immediate MTF momentum reading upon opening a chart. MY PREFERRED USE OF THIS INDICATOR I am mainly trading Bitcoin, and the core settings of the indicator are preset according to my experience on this market. You may however easily alter the settings according to your own needs and approach. I am opening and closing positions on the 1-day timeframe, and the candles are showing to me momentum confluence on the 1-day, 3-day and 1-week timeframes. Hence, if on all three timeframes there is a bullish confluence of all momentum oscillators (RSI, Mom, DMI), the candles are green. So easy, as I do not have to browse through timeframes and oscillators individually. The bearish confluence is accordingly signaled by red candles. Grey candles are neutral, showing the lack of confluence. Whenever I see a momentum confluence change (neutral to bull, neutral to bear etc.), I analyze the trend structure of the moving averages. If the moving average structure is confirming the position, I am opening. SUMMARY This indicator is providing a very clean and quick-to-read outlook of an otherwise rather time and focus intensive study. Instead of checking for confluence of three momentum indicators on three timeframes, you immediately see confluence with the candle paint. The moving average structure is promptly there to confirm the read. This is where the real power of this indicator is lying, and I assume this is why the more and more of you have started to daily follow my daily market updates.
Indicatore Pine Script®
di panickyChile85473
1
Blockchain Fundamentals - Active Address Sentiment Osc. [CR]Blockchain Fundamentals: Active Address Sentiment Oscillator AASO Back with another script today, this one is a useful tool in helping to determine bitcoins value. We are looking at 2 data sources: the daily active addresses on the BTC blockchain, and the daily returns of BTC. THIS INDICATOR WILL ONLY GIVE YOU THE CORRECT RESULTS ON THE DAILY TIMEFRAME There is an interesting relationship that you can see by comparing the two timeseries. But for us to create a good indicator we first need to normalize the data. So we look at the percent change over the past 28 days for each metric (DAA and price). THIS INDICATOR WILL ONLY GIVE YOU THE CORRECT RESULTS ON THE DAILY TIMEFRAME We then calculate standard deviation bands around the DAA metric. We finalize them by averaging the bands over a 28 day period. When the Price series (yellow line) is higher than the SD bands BTC is considered overvalued or price is overheated. A pullback could be expected soon. When the Price series is below the SD bands BTC is considered undervalued or price is oversold. THIS INDICATOR WILL ONLY GIVE YOU THE CORRECT RESULTS ON THE DAILY TIMEFRAME This tool doesnt give signals on the one minute chart or tell you exactly when to buy or sell. BUT what it does do is act as a convenient macro sentiment indicator that is not based completely upon price. In an attempt to narrow down the really juicy areas, if you seen the background color highlights with white, that means its likely a top or bottom. At the very least on a local sense and many times in a cyclical macro sense as well. It also narrows down the signal to a generally more profitable area. This indicator is not meant to be used on timeframes other than daily (did I mention that already?). I am lazy and did not code the calculations to be MTF (which is why you have to use on the daily chart). If you want to code this, please forward it on to me and I will post an update with a heartfelt credit to you.
Indicatore Pine Script®
di theheirophant
13
[Mad] Pivots HL-TrendHi There This is a Trend-Indicator based on Pivot highs and Pivot lows from different forward-backward lenghts. As Mohamed3nan is only looking at one timeframe, here is a mtf-version of that How to use? This indicator should basically work in each timeframe. Green is Bullmode, Red is Bearmode try to find a "IN Trend" setup or go directly in on the switch of the trends... The riskmanagement is as always in your own hands you can activate the field, ends up in a mess like this here :D
Indicatore Pine Script®
di djmad
16
Digital Nivesh: Trend TrackerThis indicator is nothing but combination of Magic Trend and Super trend written by KivancOzbilgic So credit goes to him. I have just added some extra functionality which are below: 1. Multi time frame, magic trends time frame can be different from supertrend by changing shortTimeFrame 2. Dynamic time frame, u can change supertrends time also Best usage is to use Magic Trend on 1 lower time frame than supertrend. eg. Suppose ur current chart is on 5 min time, ur supertrend will be displayed with current time on chart(which can be changed also using MTF Tradingview feature), u need to keep shorterTimeFrame on lower value such as 3min . For any question , feel free to drop comment.
Indicatore Pine Script®
di digitalnivesh
1
[blackcat] L0 Understand request.security_lower_tf() functionLevel 0 Background I am learning to use new function request.security_lower_tf() to realize some new features. Function Requests data from a lower timeframe than the chart's. The key difference is that the return is no longer series type but array. If you want to combine lower tf with higher tf to form a mtf, you may need to be good at array operations. This is a very simple demonstration for request.security_lower_tf(), you will see how array grows under 15min tf with 1min intrabar data changes. It may help you understand how request.security_lower_tf() easier. Remarks Feedbacks are appreciated.
Indicatore Pine Script®
di blackcat1402
3
LoTek - CT Moving Average Crossover Indicator - MTF [CT/LoTek]This is a shameless fork of Caretaker's excellent CT MAC indicator. This indicator has 2 new features. I've added the ability to select a different timeframe for each moving average. This way you can set a Daily 10, or a weekly 20 or any other of your favorite lines and it will always be there on your chart. The other new features is the ability to select VWMA as well as SMA and EMA for each moving average. VWMA is pretty nice to watch as well, and with 9 moving averages to mix and match, I'm sure you'll find something worth keeping. To fork this, I created a new "resolution" variable for each MA. I also created a new function that uses the request.security call to get the specific timeframe resolution. I backtested this with CT's OG script and the numbers stay the same... but I have a sneaky suspicion that VWMAs are not showing proper crossover values. So keep that in mind. The drawn lines are fine, but the crossover data when using VWMA may be off. I wrote the new function to default to EMA, so if it fails at VWMA, it will just show you EMA data. Let's see, what else... please tell me if you find any bugs or want any other features baked in.
Indicatore Pine Script®
di lotekjunky
Multiple Moving Avg MTF TableThis script replaces the other script that was just the SMAs that where in a Multi Time Frame Table as this was a redo of that one and this one is SO MUCH MORE!!!! Not only does this one do the Simple Moving Avg 5, 10, 20, 50, 120, 200 into a table that shows Current/Hourly/Daily/Weekly/Monthly/Quarterly ( 3M )/ Yearly. It now does Exponential Moving Avg , Weighted Moving Avg , and Volume Weight Moving Avg along with Simple Moving Avg. I still use this script so that you can quickly capture the values so that short-term, and long-term resistance and support can be determined during market hours. Even better now you can select between SMA / EMA / WMA /or VWMA . imgur.com The table will change to the values based on the Choice of the type of Moving Avg and if you change the default values. Now it will take a little bit for the table to show up, so please be patient. I have tested it with stocks, forex, and crypto.
Indicatore Pine Script®
di jbritton001
8