Ultimate Stochastics Strategy by NHBprod Use to Day Trade BTCHey All!
Here's a new script I worked on that's super simple but at the same time useful. Check out the backtest results. The backtest results include slippage and fees/commission, and is still quite profitable. Obviously the profitability magnitude depends on how much capital you begin with, and how much the user utilizes per order, but in any event it seems to be profitable according to backtests.
This is different because it allows you full functionality over the stochastics calculations which is designed for random datasets. This script allows you to:
Designate ANY period of time to analyze and study
Choose between Long trading, short trading, and Long & Short trading
It allows you to enter trades based on the stochastics calculations
It allows you to EXIT trades using the stochastics calculations or take profit, or stop loss, Or any combination of those, which is nice because then the user can see how one variable effects the overall performance.
As for the actual stochastics formula, you get control, and get to SEE the plot lines for slow K, slow D, and fast K, which is usually not considered.
You also get the chance to modify the smoothing method, which has not been done with regular stochastics indicators. You get to choose the standard simple moving average (SMA) method, but I also allow you to choose other MA's such as the HMA and WMA.
Lastly, the user gets the option of using a custom trade extender, which essentially allows a buy or sell signal to exist for X amount of candles after the initial signal. For example, you can use "max bars since signal" to 1, and this will allow the indicator to produce an extra sequential buy signal when a buy signal is generated. This can be useful because it is possible that you use a small take profit (TP) and quickly exit a profitable trade. With the max bars since signal variable, you're able to reenter on the next candle and allow for another opportunity.
Let me know if you have any questions! Please take a look at the performance report and let me know your thoughts! :)
Cerca negli script per "scalping"
Swing High/Low (ZigZag) [ChartPrime]Swing High/Low (ZigZag) Indicator
The Swing High/Low (ZigZag) Indicator is a versatile tool for identifying and visualizing price swings, swing highs, and swing lows. It dynamically plots levels for significant price points while connecting them with a ZigZag line, enabling traders to analyze market structure and trends with precision.
⯁ KEY FEATURES
Swing Highs and Lows Detection
Accurately detects and marks swing highs and lows, providing a clear structure of market movements.
Real-Time ZigZag Line
Connects swing points with a dynamic ZigZag line for a visual representation of price trends.
Customizable Swing Sensitivity
Swing length input allows traders to adjust the sensitivity of swing detection to match their preferred market conditions.
Swing Levels with Shadows
Option to display swing levels with extended shadows for better visibility and market analysis.
Broken Levels Marking
Tracks and visually updates levels as dashed lines when broken, providing insights into shifts in market structure.
Swing Direction Display
At the top-right corner, the indicator displays the current swing direction (up or down) with a directional arrow for quick reference.
Interactive Labels
Marks swing levels with labels, showing the price of swing highs and lows for added clarity.
Dynamic Market Structure Analysis
Automatically adjusts ZigZag lines and levels as the market evolves, ensuring real-time updates for accurate trading decisions.
⯁ HOW TO USE
Analyze Market Trends
Use the ZigZag line and swing levels to identify the overall direction and structure of the market.
Spot Significant Price Points
Swing highs and lows act as potential support and resistance levels for trading opportunities.
Adjust Swing Sensitivity
Modify the swing length setting to match your trading strategy, whether scalping, day trading, or swing trading.
Monitor Broken Levels
Use the dashed lines of broken levels to identify changes in market dynamics and potential breakout or breakdown zones.
Plan Entries and Exits
Leverage swing levels and direction to determine optimal entry, stop-loss, and take-profit points.
⯁ CONCLUSION
The Swing High/Low (ZigZag) Indicator is a powerful tool for traders seeking to visualize price swings and market structure. Its real-time updates, customizable settings, and dynamic swing direction make it an invaluable resource for technical analysis and decision-making.
[COG] Advanced School Run StrategyAdvanced School Run Strategy (ASRS) – Explanation
Overview: The Advanced School Run Strategy (ASRS) is an intraday trading approach designed to identify breakout opportunities based on specific time and price patterns. This script applies the concepts of the Advanced School Run Strategy as outlined in Tom Hougaard's research, adapted to work seamlessly on TradingView charts. It leverages 5-minute candlestick data to set actionable breakout levels and provides traders with visual cues and alerts to make informed decisions.
Features:
Dynamic Breakout Levels: Automatically calculates high and low levels based on the market's behavior during the initial trading minutes.
Custom Visualization: Highlights breakout zones with customizable colors and transparency, providing clear visual feedback for bullish and bearish breakouts.
Configurable Alerts: Includes alert conditions for both bullish and bearish breakouts, ensuring traders never miss a trading opportunity.
Reset Logic: Resets breakout levels daily at the market open to ensure accurate signal generation for each session.
How It Works:
The script identifies key levels (high and low) after a configurable number of minutes from the market open (default: 25 minutes).
If the price breaks above the high level or below the low level, a corresponding breakout is detected.
The script draws breakout zones on the chart and triggers alerts based on the breakout direction.
All levels and signals reset at the start of each new trading session, maintaining relevance to current market conditions.
Customization Options:
Line and box colors for bullish and bearish breakouts.
Transparency levels for breakout visualizations.
Alert settings to receive notifications for detected breakouts.
Acknowledgment: This script is inspired by Tom Hougaard's Advanced School Run Strategy. The methodology has been translated into Pine Script for TradingView users, adhering to TradingView’s policies and community guidelines. This script does not redistribute proprietary content from the original research but implements the principles for educational and analytical purposes.
BuyTheDips Trade on Trend and Fixed TP/SL
This strategy is designed to trade in the direction of the trend using exponential moving average (EMA) crossovers as signals while employing fixed percentages for take profit (TP) and stop loss (SL) to manage risk and reward. It is suitable for both scalping and swing trading on any timeframe, with its default settings optimized for short-term price movements.
How It Works
EMA Crossovers:
The strategy uses two EMAs: a fast EMA (shorter period) and a slow EMA (longer period).
A buy signal is triggered when the fast EMA crosses above the slow EMA, indicating a potential bullish trend.
A sell signal is triggered when the fast EMA crosses below the slow EMA, signaling a bearish trend.
Trend Filtering:
To improve signal reliability, the strategy only takes trades in the direction of the overall trend:
Long trades are executed only when the fast EMA is above the slow EMA (bullish trend).
Short trades are executed only when the fast EMA is below the slow EMA (bearish trend).
This filtering ensures trades are aligned with the prevailing market direction, reducing false signals.
Risk Management (Fixed TP/SL):
The strategy uses fixed percentages for take profit and stop loss:
Take Profit: A percentage above the entry price for long trades (or below for short trades).
Stop Loss: A percentage below the entry price for long trades (or above for short trades).
These percentages can be customized to balance risk and reward according to your trading style.
For example:
If the take profit is set to 2% and the stop loss to 1%, the strategy operates with a 2:1 risk-reward ratio. BINANCE:BTCUSDT
Auto Trend Fib Signals BY studio DivinKey Features
Dynamic SL using ATR volatility measure
Two-Tier Profit Taking for partial/full exits
Automatic Level Calculation based on Fibonacci extensions
Clear Visual Labels with exact price levels
Consistent Risk Management (1.5-2% per trade)
Optimization Table
Parameter Scalping Day Trading Swing Trading
ATR Multiplier 1.0 1.5 2.0
TP1 (1.272) 70% Position 50% Position 30% Position
TP2 (1.618) 30% Position 50% Position 70% Position
Time Frame 15-min 1-hour 4-hour
Pro Tips
Confirm with Volume: Increase volume at Fib levels improves signal reliability
Adjust in Ranging Markets: Use tighter SL (1.0x ATR) during consolidation
Trailing Stop: Move SL to breakeven at TP1 hit
Session Timing: Trade during London/NY overlap for best volatility
Change Candle Color When 5 EMA Not ConnectedThis custom TradingView indicator changes the color of candlesticks to yellow whenever the 5-period Exponential Moving Average (EMA) is not "connected" to the current candle.
How It Works:
The 5 EMA is calculated based on the closing prices of the last 5 candles.
A candle is considered "not connected" to the EMA if:
The high and low of the current candle are both either above or below the 5 EMA, implying a significant deviation from the EMA.
When this condition is met, the candle color is changed to yellow to highlight this disconnection.
The default behavior of the script is to not display the 5 EMA line, keeping the chart uncluttered while focusing on the candlestick colors.
Usage:
This indicator is useful for scalping or short-term trading strategies, as it helps identify when the price has moved significantly away from the 5 EMA. A yellow candle could signal potential overextension or a possible reversal if the price is far from the EMA. Traders can use this as part of their risk management or entry/exit decision-making process.
Customization:
The indicator doesn't display the 5 EMA line, but you can modify the script to show it if needed by uncommenting the plot(ema5) line.
You can adjust the period of the EMA by modifying the ema5 period in the code, though the default setting is 5 periods.
Volume Weighted HMA Index | mad_tiger_slayerTitle: 🍉 Volume Weighted HMA Index | mad_tiger_slayer 🐯
Description:
The Volume Weighted HMA Index is a cutting-edge indicator designed to enhance the accuracy and responsiveness of trading signals by combining the power of volume with the Hull Moving Average (HMA). This indicator adjusts the HMA based on volume-weighted price changes, providing faster and more reliable entry and exit signals while reducing the likelihood of false signals.
Intended and Best Uses:
Used for Strategy Creation:
Extremely Quick Entries and Exits
Intended for Higher timeframe however can be used for scalping paired with additional scripts.
Can be paired to create profitable strategies
TREND FOLLOWING NOT MEAN REVERTING!!!!
[Key Features:
Volume Integration: Dynamically adjusts the HMA using volume data to prioritize higher-volume bars, ensuring that market activity plays a crucial role in signal generation.
Enhanced Signal Clarity: The indicator calculates precise long and short signals by detecting volume-weighted HMA crossovers.
Bar Coloring: Visually differentiate bullish and bearish conditions with customizable bar colors, making trends easier to identify.
Custom Signal Plotting: Optional long and short signal markers for a clear visual representation of potential trade opportunities.
Highly Configurable: Adjust parameters such as volume length and calculation source to tailor the indicator to your trading preferences and strategy.
How It Works:
Volume Weighting: The indicator calculates the HMA using a volume-weighted price change, amplifying the influence of high-volume periods on the moving average.
Trend Identification: Crossovers of the volume-weighted HMA with zero determine trend direction, where:
A bullish crossover signals a long condition.
A bearish crossunder signals a short condition.
Visual Feedback: Bar colors and optional signal markers provide real-time insights into trend direction and trading signals.
Use Cases:
Trend Following: Quickly identify emerging trends with volume-accelerated HMA calculations.
Trade Confirmation: Use the indicator to confirm the strength and validity of your trade setups.
Custom Signal Integration: Combine this indicator with your existing strategies to refine entries and exits.
Notes:
Ensure that your trading instrument provides volume data for accurate calculations. If no volume is available, the script will notify you.
This script works best when combined with other indicators or trading frameworks for a comprehensive market view.
Inspired by the community and designed for traders looking to stay ahead of the curve, the Volume Weighted HMA Index is a versatile tool for traders of all levels.
CHAKRA RISS ENGULFING CANDLESTICK STRATEGYChakra RISS Engulfing Candlestick Strategy
Type: Technical Indicator & Strategy
Platform: TradingView
Script Version: Pine Script v6
Overview:
The Chakra RISS Engulfing Candlestick Strategy combines a momentum-based approach using the Relative Strength Index (RSI) with Engulfing Candlestick Patterns to generate buy and sell signals. The strategy filters trades based on price movement relative to a 50-period Simple Moving Average (SMA), making it a trend-following strategy.
The indicator uses color-coded bars to visually represent market conditions, helping traders easily identify bullish and bearish trends. The strategy is designed to be dynamic, adapting to changing market conditions and filtering out noise using key technical indicators.
How It Works:
RSI-Based Color Conditions:
Green Bars: When the RSI crosses above a specified UpLevel (default: 50), indicating a bullish momentum and signaling potential buy conditions.
Red Bars: When the RSI crosses below a specified DownLevel (default: 50), indicating a bearish momentum and signaling potential sell conditions.
Buy Signal:
Triggered when the following conditions are met:
RSI crosses from below the UpLevel (default: 50) to above it, signaling increasing bullish momentum.
The close price is above the 50-period Simple Moving Average (SMA), confirming an uptrend.
The Buy Signal is plotted below the bar with a green arrow and a "BUY" label.
Sell Signal:
Triggered when the following conditions are met:
RSI crosses from above the DownLevel (default: 50) to below it, signaling increasing bearish momentum.
The close price is below the 50-period Simple Moving Average (SMA), confirming a downtrend.
The Sell Signal is plotted above the bar with a red arrow and a "SELL" label.
Stop Loss and Take Profit:
For long trades (buy signals), the stop loss is placed below the previous bar's low, and the take profit is set at 3% above the entry price.
For short trades (sell signals), the stop loss is placed above the previous bar's high, and the take profit is set at 3% below the entry price.
Dynamic Bar Coloring:
The bar colors change dynamically based on RSI levels:
Green Bars: Indicating a potential uptrend (bullish).
Red Bars: Indicating a potential downtrend (bearish).
These visual cues help traders quickly identify market trends and potential reversals.
Trend Filtering:
The 50-period Simple Moving Average (SMA) is used to filter trades based on the overall market trend:
Buy signals are only considered when the price is above the moving average, indicating an uptrend.
Sell signals are only considered when the price is below the moving average, indicating a downtrend.
Alerting System:
Alerts can be set for both buy and sell signals. These alerts notify traders in real-time when potential trades are generated, allowing them to act promptly.
Alerts can be configured to send notifications through email, SMS, or a webhook for integration with other services like IFTTT or Zapier.
Key Features:
RSI and Moving Average-Based Signals: Combines RSI with a moving average for more accurate trade signals.
Stop Loss and Take Profit: Dynamic risk management with custom stop loss and take profit levels based on previous high and low prices.
Buy and Sell Alerts: Provides real-time alerts when a buy or sell signal is triggered.
Trend Confirmation: Uses the 50-period Simple Moving Average to filter signals and confirm the direction of the trend.
Visual Bar Color Changes: Makes it easy to identify bullish or bearish trends with color-coded bars.
Usage:
This strategy is suitable for traders who prefer a trend-following approach and want to combine momentum indicators (RSI) with price action (Engulfing Candlestick patterns). It is particularly useful in volatile markets where quick identification of trend changes can lead to profitable trades.
Best Used For: Day trading, swing trading, and trend-following strategies.
Timeframes: Works well on various timeframes, from 1-minute charts for scalping to daily charts for swing trading.
Markets: Can be applied to any market with sufficient liquidity (stocks, forex, crypto, etc.).
Settings:
UpLevel: The RSI level above which the market is considered bullish (default: 50).
DownLevel: The RSI level below which the market is considered bearish (default: 50).
SMA Length: The period of the Simple Moving Average used to filter trades (default: 50).
Risk Management: Customizable stop loss and take profit settings based on price action (default: 3% above/below the entry price).
Smooth Moving Average (SMA) MTF Trend PanelDescription:
The SMA MTF Trend Panel is a multi-timeframe (MTF) trend visualization tool designed to help traders quickly assess market conditions across multiple timeframes based on the Simple Moving Average (SMA). This script calculates the trend direction (Bullish, Bearish, or Neutral) and the trend strength percentage for each selected timeframe. It displays the information in an intuitive panel that is dynamically updated in real-time.
How It Works:
1. SMA Calculation:
• For each timeframe, the script calculates the SMA based on a user-defined length (default: 50).
2. Trend Identification:
• Compares the current price to the SMA and assigns a label: “Bull,” “Bear,” or “Neutral.”
3. Panel Display:
• Displays trends, strengths, and shifts for each timeframe in an interactive table.
4. Real-Time Updates:
• Continuously monitors price movements and updates the panel to reflect the latest data.
Customizable Inputs:
1. Panel Settings:
• Orientation: Choose vertical or horizontal layout.
• Position: Select panel location on the chart.
• Border Width/Color: Adjust panel borders for better visualization.
2. Trend Colors:
• Define custom colors for bullish, bearish, neutral, and shift conditions.
3. SMA Length:
• Adjust the SMA period to suit your trading style (e.g., short-term scalping or long-term trend following).
4. Timeframes:
• Set specific timeframes to analyze based on your trading strategy.
EMA with Bar Count
---
### **Key Features and Functionalities**
#### 1. **Multi-Timeframe Exponential Moving Averages (EMA)**
- The script calculates and plots EMAs for various timeframes (e.g., 1 minute, 5 minutes, 60 minutes, daily, and custom intervals).
- Users can customize the length and resolution of each EMA using inputs.
- Different colors are assigned to each EMA for easy identification on the chart.
#### 2. **Background Coloring**
- Optional background coloring (`bgcolor`) indicates whether the current price is above or below the 1-hour 20 EMA.
- Green indicates the price is above, and red indicates the price is below the EMA.
#### 3. **Bar Count Labeling**
- The script tracks bar counts and displays labels at specific intervals (e.g., every 3 bars).
- Label size and text color can be customized through user inputs.
#### 4. **Inside and Outside Bar Detection**
- Detects and highlights "Inside Bars" and "Outside Bars" on the chart.
- **Inside Bar**: The current bar's high and low are within the previous bar's range.
- **Outside Bar**: The current bar's range exceeds the previous bar's range.
- These patterns are marked with shapes for visual identification.
#### 5. **Bullish/Bearish Candle Streaks**
- Identifies and marks streaks of three consecutive bullish or bearish candles.
- **Bullish Streaks**: Marked with green shapes above the bar.
- **Bearish Streaks**: Marked with red shapes above the bar.
#### 6. **Time-Based Marking**
- The script includes an option to highlight specific time intervals (e.g., 7:30 AM) with a colored vertical line or background shading.
- Configurable time inputs allow flexibility.
#### 7. **Micro Gap Detection**
- Highlights gaps between the opening price of the current bar and the closing price of the previous bar.
- Blue shapes indicate bullish gaps.
- Purple shapes indicate bearish gaps.
#### 8. **TR (Trading Range) Detection**
- Identifies bars with significant overlap based on a user-defined threshold.
- Displays "TR" labels when overlap conditions are met.
#### 9. **Bar Coloring**
- Optionally colors bars based on specific conditions:
- Green: Bullish breakout (high and low higher than the previous bar, closing above the midpoint).
- Red: Bearish breakout (high and low lower than the previous bar, closing below the midpoint).
#### 10. **50% Midpoint Line**
- Displays a horizontal line at the 50% midpoint of the bar's range, customizable for the current or last bar only.
#### 11. **Pattern Detection**
- Recognizes specific candlestick patterns (e.g., IOI, OII, IOO).
- Provides alerts for detected patterns or predefined thresholds.
#### 12. **Alerts**
- Configurable alerts for:
- Specific patterns (e.g., IOI, OII, IOO).
- Bar range exceeding a user-defined threshold.
- Bullish or bearish streaks.
#### 13. **Gap Detector**
- Identifies gaps between bars and marks them with shaded boxes.
- Bullish gaps are shaded green, while bearish gaps are shaded red.
#### 14. **Advanced Customization**
- Extensive user inputs allow traders to tailor the indicator to their trading style.
- Includes support for various levels of detail (e.g., debug mode, label visibility, etc.).
#### 15. **ZigZag and Wedge Patterns**
- Optional zigzag lines to connect swing highs and lows.
- Detects wedge patterns using customizable settings for pivot points and angle differences.
---
### **Use Case Scenarios**
1. **Trend Identification**: Use multi-timeframe EMAs to confirm overall market direction.
2. **Range Trading**: Trade within ranges using detected inside and outside bars as key levels.
3. **Breakout Trading**: Use patterns like IOI and OII to anticipate breakouts.
4. **Scalping**: Exploit bullish and bearish streaks or micro gaps for quick trades.
5. **Pattern-Based Alerts**: Set up alerts for specific market conditions or candlestick patterns.
### **Why This Indicator Is Useful**
- Combines multiple trading tools into a single, customizable script.
- Saves time by automating complex calculations and pattern detections.
- Improves decision-making with clear visual cues and configurable alerts.
Let me know if you'd like any additional explanations or adjustments!
EBL - Enhanced BOS LogicEBL - Enhanced BOS Logic
The EBL (Enhanced Break of Structure Logic) script is a powerful tool for traders who want to identify and act on key structural shifts in the market. By combining visual cues, such as horizontal lines and dynamic arrows, the script highlights critical points of interest where market behavior may indicate significant bullish or bearish momentum.
What Makes EBL Unique?
Break of Structure (BOS) Identification:
The script dynamically detects when price breaks above or below significant highs and lows, marking these levels as key BOS points.
Once a BOS level is confirmed, it is displayed on the chart as a horizontal line, allowing traders to easily identify areas of potential support and resistance.
Real-Time Validation and Invalidations:
Bullish BOS levels remain active until a bearish candle closes below the initiating bullish candle.
Similarly, bearish BOS levels remain active until a bullish candle closes above the initiating bearish candle.
If a BOS level is invalidated, both the corresponding line and its arrow are automatically removed to maintain chart clarity.
Visual Clarity with Arrows and Lines:
Customizable triangle arrows (green for bullish and red for bearish) appear alongside lines to signal entry opportunities.
Traders can adjust line length, colors, and visibility of arrows to fit their charting style.
Alerts for Confirmation:
Receive alerts when bullish or bearish structures are confirmed, ensuring you never miss a signal even when away from your chart.
How the Script Works
Detection of Bullish and Bearish Structures:
The script identifies a "Bullish Break" when the price closes above the high of a bullish candle followed by a bearish one.
A "Bearish Break" is detected when the price closes below the low of a bearish candle followed by a bullish one.
Line and Arrow Placement:
Horizontal lines are drawn at the high or low of the respective BOS level.
Triangular arrows are plotted just below or above the respective levels to indicate potential trade opportunities.
Automatic Cleanup:
When a line is invalidated by opposing market movement, both the line and its connected arrow are automatically removed from the chart.
How to Use EBL
Settings:
Adjust line colors (green for bullish, red for bearish) to suit your charting theme.
Customize arrow visibility or hide lines if you prefer a less cluttered chart.
Set the horizontal line length to match your desired timeframe and analysis depth.
Trading Concepts:
Trend Reversal Zones: Use invalidated BOS levels as signals for possible trend reversals.
Momentum Trading: Follow confirmed BOS levels to identify areas where price momentum is likely to continue.
Dynamic Support and Resistance: Leverage the lines to identify evolving support and resistance zones.
Alerts:
Enable alerts to receive notifications when bullish or bearish trends are confirmed, allowing you to stay informed without constant monitoring.
Conceptual Basis
This script is based on the widely used market structure concept, which is fundamental to price action trading. By tracking the highs and lows created by bullish and bearish movements, the EBL script provides an objective and systematic approach to identifying and trading key structural points in the market.
With the EBL - Enhanced BOS Logic, traders can visually and systematically track market structure, identify potential trade setups, and maintain a cleaner chart with automated line and arrow management. This script is ideal for trend-following, scalping, and swing trading strategies across all markets and timeframes.
Wick Volume AlertThis indicator is intended to find a possible price reversal and is well suited for scalping in the smaller timeframes from 1 to 15min chart. It is important to use it in conjunction with other indicators such as order blocks or price levels.
The advantage over other Wick indicators is that volume is also taken into account.
Unfortunately, the markers on the chart do not work properly as they do not attach themselves when moving vertically. I would be happy if someone could fix the problem, as I am not a professional in Pine scripting.
Volume Footprint POC for Every CandleCalculating and plotting the Point of Control (POC) for every candle on a volume footprint chart can provide valuable insights for traders. Here are some interpretations and uses of this information:
1. Identify Key Price Levels
Highest Traded Volume: The POC represents the price level with the highest traded volume for each candle. This level often acts as a significant support or resistance level.
Confluence Zones: When multiple POCs align at similar price levels over several candles, it indicates strong support or resistance zones.
2. Gauge Market Sentiment
Buyer and Seller Activity: High volume at certain price levels can indicate where buyers and sellers are most active. A rising POC suggests stronger buying activity, while a falling POC suggests stronger selling activity.
Volume Profile: Analyzing the volume profile helps in understanding the distribution of traded volume across different price levels, providing insights into market sentiment and potential reversals.
3. Spot Trends and Reversals
Trend Continuation: Consistent upward or downward shifts in POC levels can indicate a trend continuation. Traders can use this information to stay in trending positions.
Reversal Signals: A sudden change in the POC direction may signal a potential reversal. This can be used to take profits or enter new positions.
4. Intraday Trading Strategies
Short-Term Trading: Intraday traders can use the POC to make informed decisions on entry and exit points. For example, buying near the POC during an uptrend or selling near the POC during a downtrend.
Scalping Opportunities: High-frequency traders can use shifts in the POC to scalp small profits from price movements around these key levels.
5. Volume-Based Indicators
Confirmation of Other Indicators: The POC can be used in conjunction with other technical indicators (e.g., moving averages, RSI) to confirm signals and improve trading accuracy.
Support and Resistance: Combining the POC with traditional support and resistance levels can provide a more comprehensive view of the market dynamics.
In summary, the Point of Control (POC) is a valuable tool for traders to understand market behavior, identify key levels, and make more informed trading decisions. If you have specific questions or need further details on how to use this information in your trading strategy, feel free to ask! 😊
4 Bar FractalThis indicator is a simple yet powerful tool that tracks potential trend reversals by checking whether the closing price of the last candle in a four-candle sequence finishes above or below the highs or lows of both the immediately preceding candle and the first candle in that sequence. If the closing price breaks above those prior highs, a green triangle appears above the chart to indicate bullish momentum; if it breaks below those lows, a red triangle appears below the chart to signal bearish momentum. Not only is it beneficial for scalping or other short-term trading, but it also works well for swing trades and longer-term trends, making it one of the most effective indicators for catching significant market shifts. However, to avoid false breakouts, it is advisable to confirm signals with volume or additional trend indicators and to maintain disciplined risk management.
Multi-Band Comparison Strategy (CRYPTO)Multi-Band Comparison Strategy (CRYPTO)
Optimized for Cryptocurrency Trading
This Pine Script strategy is built from the ground up for traders who want to take advantage of cryptocurrency volatility using a confluence of advanced statistical bands. The strategy layers Bollinger Bands, Quantile Bands, and a unique Power-Law Band to map out crucial support/resistance zones. It then focuses on a Trigger Line—the lower standard deviation band of the upper quantile—to pinpoint precise entry and exit signals.
Key Features
Bollinger Band Overlay
The upper Bollinger Band visually shifts to yellow when price exceeds it, turning black otherwise. This offers a straightforward way to gauge heightened momentum or potential market slowdowns.
Quantile & Power-Law Integration
The script calculates upper and lower quantile bands to assess probabilistic price extremes.
A Power-Law Band is also available to measure historically significant return levels, providing further insight into overbought or oversold conditions in fast-moving crypto markets.
Standard Deviation Trigger
The lower standard deviation band of the upper quantile acts as the strategy’s trigger. If price consistently holds above this line, the strategy interprets it as a strong bullish signal (“green” zone). Conversely, dipping below indicates a “red” zone, signaling potential reversals or exits.
Consecutive Bar Confirmation
To reduce choppy signals, you can fine-tune the number of consecutive bars required to confirm an entry or exit. This helps filter out noise and false breaks—critical in the often-volatile crypto realm.
Adaptive for Multiple Timeframes
Whether you’re scalping on a 5-minute chart or swing trading on daily candles, the strategy’s flexible confirmation and overlay options cater to different market conditions and trading styles.
Complete Plot Customization
Easily toggle visibility of each band or line—Bollinger, Quantile, Power-Law, and more.
Built-in Simple and Exponential Moving Averages can be enabled to further contextualize market trends.
Why It Excels at Crypto
Cryptocurrencies are known for rapid price swings, and this strategy addresses exactly that by combining multiple statistical methods. The quantile-based confirmation reduces noise, while Bollinger and Power-Law bands help highlight breakout regions in trending markets. Traders have reported that it works seamlessly across various coins and tokens, adapting its triggers to each asset’s unique volatility profile.
Give it a try on your favorite cryptocurrency pairs. With advanced data handling, crisp visual cues, and adjustable confirmation logic, the Multi-Band Comparison Strategy provides a robust framework to capture profitable moves and mitigate risk in the ever-evolving crypto space.
[volfgang] Pivot Levels (Open, Close, High, Low)This script provides a clear and consistent way to track key price levels from Weekly and Daily bars, directly on your current chart interval.
The default colours are;
Today & This Week Open = White
Yesterday & Previous Week Open = Cream
Yesterday's High = Red
Yesterday's Low = Green
Weekly Pivots are 2px, and Daily Pivots are 1px.
Instead of requiring manual referencing of daily or weekly charts, these significant levels are automatically drawn and updated in real time, extending to the right as new bars form.
It adds value by helping traders quickly identify potential support/resistance zones and compare intraday price action with higher-timeframe pivots. This approach can aid in scalping, day trading, or swing trading strategies that rely on past price levels for trade entries, exits, or stop loss placement.
Daily Pivots Displayed Intraday
The script imports the previous day’s High, Low, Open, and Close and draws lines on the current chart, so you can see exactly where those levels lie on any intraday timeframe. You can easily change the colour of these lines in the menu.
Instead of switching between multiple charts for daily references, you can keep an intraday chart open and still watch how price behaves around these important daily pivots.
Weekly Pivots for Broader Context
In addition to daily levels, it also shows the previous week’s Open and Close. This feature helps traders who want to maintain a broader perspective and gauge the market’s weekly trend or bias while remaining on lower timeframes.
Automatic Line & Label Management
Each new trading day triggers a “session change” in the code, prompting the script to delete old lines and labels for daily levels. This keeps your chart from getting cluttered with outdated lines.
Weekly lines and labels follow the same approach, ensuring only the most recent weekly levels are highlighted.
Real-Time Extension
Lines are continuously extended to the right as new bars print, ensuring that you always have an updated view of your key price levels without any manual adjustments.
On the last bar, the script shifts to a time-based coordinate system for seamless visual extension.
Minimal Recalculation
This script uses security() calls in a carefully optimized way to reduce unnecessary recalculations and avoid repaint issues. By referencing open , close , etc., the lines remain fixed once the daily (or weekly) candle is confirmed.
Flexible Usage
You can apply this script to any symbol on TradingView. It’s especially beneficial for Forex pairs, indices, futures, or cryptocurrencies where you want to track significant past levels.
If you’re a scalper looking for areas of likely reaction, or a swing trader watching weekly opens for trend confirmation, these levels can be integral to your technical approach.
How to Use
Add to Chart: Click the “Add to Favorite Indicators” or “Apply to Chart” button once published.
Enable or Disable Previous Day Bars: Use the script’s input to toggle the display of previous day’s High, Low, Open, and Close lines if you only want weekly lines (or vice versa).
Customize Visuals: You can change line colors, width, and label text in the “Style” or “Inputs” tab. Adjust them to fit your preferred color scheme.
Interpretation:
Daily levels typically carry relevance for the next trading session. They can be used for intraday support/resistance, breakout checks, or gap fills.
Weekly levels help identify more prominent zones for bigger moves or for understanding overall sentiment from the prior week.
Conceptual Underpinnings
Support/Resistance: Past opens/closes often act as support or resistance because they represent important points of reference (where trading started or ended during a prior session).
Market Psychology: Many traders watch daily or weekly closes to gauge momentum and bias, which can become self-fulfilling as more participants join around those levels.
Improved Situational Awareness: By having these levels automatically drawn and updated, traders avoid missing critical areas where price may pivot.
This script is intentionally open-source to help traders study and personalize it.
By merging daily and weekly pivot concepts in a single script, it provides a convenient and efficient tool—rather than a simple mashup, it unifies two timeframes that are crucial in short-term and medium-term trading decisions.
Remember that these levels alone do not constitute a complete trading system; they are best used as part of a broader strategy involving risk management, additional technical signals, and market context.
MB 3ST+EMA+StochRSI Martin Buecker 16.01.2025Short Description of the Indicator "MB 3ST+EMA+StochRSI Martin Buecker 16.01.2025"
This trend-following and momentum-based indicator combines Supertrend, EMA 200, and Stochastic RSI to generate buy and sell signals with improved accuracy.
1. Key Components
Supertrend (3 variations):
Uses three Supertrend indicators with different periods to confirm trend direction.
Buy signal when at least 2 Supertrends are bearish.
Sell signal when at least 2 Supertrends are bullish.
EMA 200 (Exponential Moving Average):
Buy signals only when the price is above EMA 200 (uptrend confirmation).
Sell signals only when the price is below EMA 200 (downtrend confirmation).
Multi-Timeframe Stochastic RSI:
Uses a higher timeframe Stoch RSI (default: 15 minutes) to filter signals.
Buy signal when %K crosses above %D (bullish momentum).
Sell signal when %K crosses below %D (bearish momentum).
2. Signal Generation
📈 Buy Signal Conditions:
✅ At least 2 of 3 Supertrends are bearish
✅ Price is above EMA 200
✅ Stoch RSI shows a bullish crossover (%K > %D)
📉 Sell Signal Conditions:
✅ At least 2 of 3 Supertrends are bullish
✅ Price is below EMA 200
✅ Stoch RSI shows a bearish crossover (%K < %D)
3. Visual Representation & Alerts
Supertrend Lines:
Green = Bullish, Red = Bearish
EMA 200: White Line
Buy/Sell Signals:
Green triangle (below bar) = Buy
Red triangle (above bar) = Sell
Alerts:
Notifies users when a buy or sell signal is triggered.
Background Coloring:
Green for Buy signals, Red for Sell signals
4. Purpose & Benefits
🔥 Combines trend (EMA 200, Supertrend) and momentum analysis (Stoch RSI) for better signal accuracy.
🔥 Works best in trending markets, filtering out false signals in sideways movements.
🔥 Suitable for scalping and day trading, providing clear and structured trade entries.
momentum indicatorThe Rational Quadratic Smoother uses the Rational Quadratic Kernel to create a non-repainting, adaptive smoothing of price data. This method provides a balance between long-term trends and short-term movements by adjusting the weight of distant data points using a kernel function. Traders can use this indicator to:
Smooth price data for better trend identification.
Filter out noise without introducing lag.
Combine it with other indicators for advanced strategies.
Key Features:
Adjustable Lookback Period: Controls the range of data points considered.
Relative Weighting: Fine-tunes the influence of long-term vs. short-term data.
Customizable smoothing to fit different trading styles (scalping, swing trading, etc.).
ENIGMA Signals with Retests Select higher Time FrameENIGMA Signals with Retests – Script Description
The "ENIGMA Signals with Retests" script is a unique indicator designed for traders who prefer precision trading based on price action retests of key levels derived from higher timeframes. This tool is ideal for those employing multi-timeframe analysis strategies, helping them detect high-probability trade entries when the price interacts with significant support and resistance levels.
What Does This Script Do?
This indicator identifies key levels from a higher timeframe selected by the user (e.g., 4-hour or daily), then tracks price action on lower timeframes to provide actionable buy and sell signals when the price retests these levels. It visually plots the key levels on the chart and triggers alerts for potential trade opportunities when conditions are met.
How It Works
Key Level Detection:
The script uses custom functions to detect recent swing highs and swing lows on the selected higher timeframe (such as 4H or Daily). These levels represent potential areas of support and resistance where price reactions are likely to occur.
Multi-Timeframe Analysis:
The indicator leverages the request.security() function to retrieve price data from the user-defined higher timeframe and plots horizontal lines on the chart for the most recent swing highs and lows.
Retest-Based Signals:
Once the key levels are plotted, the script continuously monitors the price on the lower timeframe:
A Buy Signal is triggered when the price closes below a key high level and then moves back above it, indicating a potential bullish retest.
A Sell Signal is triggered when the price closes above a key low level and then moves back below it, indicating a potential bearish retest.
These retest signals are displayed as green and red arrows on the chart, helping traders identify optimal entry points.
Alerts for Retests:
The script includes built-in alert conditions that notify traders when a valid retest signal occurs. This allows traders to react promptly without constantly monitoring the chart.
How to Use the Script
Select Your Key Timeframe:
From the input settings, choose a higher timeframe that suits your trading style (e.g., 4H for intraday trading or Daily for swing trading).
Adjust Visual Preferences:
Customize the line style (solid, dashed, or dotted) and length of the plotted levels.
Toggle labels for the levels on or off as per your preference.
Trade Execution:
Once a retest signal appears on the lower timeframe, consider entering a trade in the direction of the signal. The buy signal suggests a potential long entry, while the sell signal indicates a potential short entry.
Set Alerts:
Use the alert conditions provided to get notified whenever a valid retest occurs. This helps in reducing screen time and improving trading efficiency.
Underlying Concepts
This script is grounded in the principles of support and resistance, retests, and breakout trading. By focusing on multi-timeframe key levels, it aligns with widely used trading concepts like:
Breakout and Retest: Entering trades after a confirmed breakout and successful retest of a significant level.
Swing Highs and Lows: Recognizing swing points to identify strong price reaction zones.
Multi-Timeframe Confluence: Enhancing trade probability by ensuring that the signals on lower timeframes correspond with key levels from higher timeframes.
Why This Script Is Unique
Unlike many generic trend-following or scalping indicators, "ENIGMA Signals with Retests" offers:
Precision Signals: It only provides signals when specific retest conditions are met, reducing false signals and noise.
Multi-Timeframe Customization: Users can tailor the higher timeframe to their strategy, making it versatile for various trading styles.
Alert Functionality: Alerts are integrated, allowing traders to stay updated without constantly monitoring the charts.
This script is perfect for traders looking for a systematic way to trade retests of key levels across multiple timeframes. Whether you're a scalper, day trader, or swing trader, "ENIGMA Signals with Retests" can help improve your precision and timing in the market.
EBL - Enigma BOS LogicThe EBL - Enigma BOS Logic indicator is designed to detect key trend reversal points with precision by leveraging a unique concept based on two-candle price action analysis. Inspired by the balance of pairs in creation, this indicator identifies trend changes by focusing on significant bullish and bearish candle pairs, storing key levels, and waiting for confirmation to provide actionable trade signals. It goes beyond conventional trend-following indicators by offering real-time alerts and clear visual cues for traders.
How It Works
Bullish Setup:
The indicator identifies a bullish candle followed by a bearish candle. It then stores the high of the bullish candle as a potential reversal level.
A bullish confirmation occurs when a future bullish candle closes above the stored high. When this happens:
A green arrow is plotted below the confirming candle.
A horizontal green line is drawn at the stored high level, extending forward by a user-defined number of bars.
An alert is triggered to notify the trader of a confirmed bullish trend.
Bearish Setup:
The indicator identifies a bearish candle followed by a bullish candle. It stores the low of the bearish candle as a potential reversal level.
A bearish confirmation occurs when a future bearish candle closes below the stored low. When this happens:
A red arrow is plotted above the confirming candle.
A horizontal red line is drawn at the stored low level, extending forward by a user-defined number of bars.
An alert is triggered to notify the trader of a confirmed bearish trend.
Touch or Cross Alerts:
In addition to initial trend confirmation, the indicator tracks price movements relative to the drawn horizontal lines.
If the price returns to touch or cross a previously drawn horizontal line, an alert is triggered, indicating a potential re-entry or retracement opportunity.
Customization Options
To make the indicator versatile and adaptable for different trading styles, several customization options are provided:
Line Colors: Traders can customize the colors of the bullish and bearish lines.
Show/Hide Arrows and Lines: Users can choose whether to display the arrows and horizontal lines on the chart.
Line Length: The length of the horizontal lines (number of bars they extend into the future) is user-defined, offering flexibility based on trading timeframes and preferences.
Use Cases
Trend Reversal Detection: EBL is ideal for identifying key trend reversals, allowing traders to enter trades with a high probability of success.
Breakout Confirmation: The indicator provides visual and alert-based confirmation of breakouts beyond critical support or resistance levels.
Re-entry Opportunities: With alerts for price touching or crossing horizontal lines, traders can spot potential re-entry points during retracements.
Conceptual Foundation
The methodology behind this indicator is rooted in the principle that markets often move in pairs of bullish and bearish forces. By tracking the interaction between consecutive bullish and bearish candles and waiting for clear confirmations, this indicator ensures that only high-probability trend changes are signaled. This reduces noise and enhances trading accuracy, making it suitable for scalping, day trading, and swing trading across various timeframes.
How to Use
Apply the indicator to any chart and timeframe of your choice.
Set your preferred customization options, including line colors, arrow display, and line length.
Watch for arrows and listen for alerts to identify confirmed trend changes.
Pay attention to touch or cross alerts on horizontal lines, as these can signal potential re-entry or secondary trade opportunities.
Combine with other analysis: While EBL is powerful on its own, combining it with support/resistance analysis, moving averages, or volume indicators can further enhance its effectiveness.
This indicator is a powerful tool for traders seeking precision in identifying trend changes and actionable trade signals. Its unique logic, real-time alerts, and clear visual cues make it a valuable addition to any trader’s toolkit.
PGO For Loop | mad_tiger_slayerPGO For Loop Indicator
The PGO For Loop indicator, inspired by Alex Orekhov's "Pretty Good Oscillator," and indicator originally made by Mark Johnson, the PGO designed as a fast and responsive tool to capture quick price movements in financial markets. This oscillator leverages a combination of moving averages and Average True Range (ATR) to measure price deviations, providing a concise yet powerful framework for identifying potential trade entry and exit points. What makes this
"enhanced" PGO indicator special is its ability to identify trending periods more accurately. By using thresholds, this allows the script to enter accurate long and short conditions extremely quickly.
Intended Uses:
Used to capture long-term trends:
Used to identify quick reversals:
Used on higher timeframes above 8hrs for more accurate signals
Used in strategies to enter and exit trades quickly
Can be used for Scalping
NOT Intended Uses:
Not to be used as Mean Reversion
Not to be used as valuation (Overbought or Oversold)
Key Features:
Quick Detection of Market Movements:
The indicator's primary focus is on speed, making it suitable for medium-term traders looking to capitalize on rapid price changes. It is particularly effective in trending or volatile markets.
Customizable Thresholds:
Users can set upper and lower thresholds to define long and short conditions, offering flexibility to adapt the indicator to different trading styles and asset classes.
Noisy but Purposeful:
While the PGO For Loop may generate frequent signals, it is specifically tuned for traders aiming to enter and exit trades quickly, embracing the noise as part of its effectiveness in capturing rapid market dynamics.
Integrated Visuals:
The script plots key levels and provides dynamic visual feedback through colored candles and shapes, enabling intuitive and quick decision-making.
How It Works:
Oscillator Calculation:
The PGO value is derived by comparing the source price's deviation from its moving average to the ATR. This highlights price movements relative to recent volatility.
Signal Identification:
When the oscillator exceeds the upper threshold, it signals potential long opportunities UNTIL the PGO reaches the lower threshold.
When the oscillator drops below the lower threshold, it signals potential short opportunities UNTIL the oscillator reaches above the upper threshold.
No signals occur when the oscillator lies between these thresholds.
Visual Cues:
Color-coded candles indicate market bias (green for long, red for short, gray for neutral).
Upward and downward triangles highlight changes in signal direction.
Note:
This indicator is intentionally "noisy," as it prioritizes capturing fast movements over filtering out minor fluctuations. Users should pair it with other tools or techniques to confirm signals and manage risk effectively.
Adaptive Momentum Cycle Oscillator (AMCO)1. Concept and Foundation
The Adaptive Momentum Cycle Oscillator (AMCO) is an advanced indicator designed to dynamically adjust to varying market conditions while identifying price cycles and trends. It combines momentum and volatility into a single, oscillating signal that helps traders detect turning points in price movements. By incorporating adaptive periods and trend filtering, AMCO ensures relevance across different asset classes and timeframes. This innovation bridges the gap between traditional oscillators and trending indicators, providing a comprehensive tool for both cycle identification and trend confirmation.
2. Dynamic Adaptation to Market Conditions
A standout feature of AMCO is its ability to adapt its sensitivity based on market volatility. Using the ATR (Average True Range) as a measure of current volatility, AMCO adjusts its calculation periods dynamically. During periods of high volatility, it extends its lookback periods to smooth out noise and avoid false signals. Conversely, in low-volatility environments, it shortens its periods to remain responsive to smaller price fluctuations. This adaptability ensures that AMCO remains effective and reliable in both trending and ranging markets.
3. Trend Awareness and Directional Weighting
AMCO integrates a trend filter based on a long-term moving average, such as SMA(200), to align its signals with the broader market direction. This filter ensures that buy signals are prioritized during uptrends and sell signals during downtrends, reducing counter-trend trades. Additionally, a directional weighting mechanism amplifies momentum signals that align with the prevailing trend. This dual-layer approach significantly enhances the accuracy of signals, making AMCO especially useful in markets with clear directional bias.
4. Normalized Visualization for Clarity
The AMCO includes a normalized histogram that provides a clear visual representation of momentum strength relative to recent volatility. By dividing the raw AMCO value by the ATR, the histogram ensures consistency across assets with varying price ranges and volatility levels. Positive bars indicate bullish momentum, while negative bars signify bearish momentum. This intuitive visualization makes it easier for traders to interpret market dynamics and act on actionable signals, regardless of asset type or timeframe.
5. Practical and Actionable Signals
AMCO generates practical signals based on zero-line crossovers, allowing traders to easily identify shifts between bullish and bearish cycles. Positive values above the zero line suggest upward momentum, signaling potential buying opportunities, while negative values below the zero line indicate downward momentum, signaling potential sell opportunities. By combining adaptive behavior, trend filtering, and momentum-strength normalization, AMCO offers traders a robust framework for navigating complex markets with confidence. Its versatility makes it suitable for scalping, swing trading, and even longer-term investing.
ELC Indicator**ELC Indicator – Enigma Liquidity Concept**
The ELC Indicator is a cutting-edge tool designed for traders who want to leverage price action and liquidity concepts for high-precision trading opportunities. Unlike conventional indicators that rely purely on trend-following or oscillatory methods, ELC incorporates a unique combination of market structure, Fibonacci retracement levels, and dynamic EMA filtering to detect key buy and sell zones. This original approach helps traders capture the most relevant market movements and anticipate potential reversals with higher confidence.
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### **What the ELC Indicator Does**
The primary goal of the ELC Indicator is to identify liquidity zones and plot Fibonacci-based levels around detected buy or sell signals. It continuously monitors price action to identify instances where significant liquidity grabs occur, signaled by breakouts beyond recent highs or lows. Once a signal is detected, the indicator plots horizontal lines at key Fibonacci ratios (0%, 25%, 50%, 75%, 100%, 120%, and 180%) to give traders a clear visual framework for potential retracement or extension levels.
Additionally, the indicator includes a dynamic EMA filter, which ensures that buy signals are only triggered when the price is above the EMA and sell signals when the price is below the EMA. This filtering mechanism helps reduce false signals in choppy markets and aligns trades with the broader trend direction.
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### **Key Features**
1. **Buy & Sell Signals**
- Buy signals are generated when a liquidity grab occurs below the previous low, and the closing price is above the candle body midpoint and the EMA.
- Sell signals are triggered when a liquidity grab occurs above the previous high, and the closing price is below the candle body midpoint and the EMA.
- Visual cues are provided via small upward (green) and downward (red) triangles on the chart.
2. **Fibonacci Levels**
- For each buy or sell signal, the indicator plots multiple horizontal lines at key Fibonacci levels. These levels can help traders set realistic profit targets and stop-loss levels.
- The plotted lines can be customized in terms of style (solid, dotted, dashed) and color (buy and sell line colors).
3. **Dynamic EMA Filtering**
- A customizable EMA filter is integrated into the logic to align trades with the prevailing trend.
- The EMA length is adjustable, allowing traders to fine-tune the indicator based on their trading style and market conditions.
4. **Alert System**
- Alerts can be enabled for both buy and sell signals, ensuring traders never miss an opportunity even when away from the screen.
- Alerts are triggered once per bar, ensuring timely notifications without excessive noise.
5. **Customizable Signal Visibility**
- Traders can toggle the visibility of the last 9 buy and sell signals. When this option is disabled, only the most recent signal is displayed, helping to declutter the chart.
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### **How to Use the ELC Indicator**
- **Trend Following**: The ELC Indicator works well in trending markets by filtering signals based on the EMA direction. Traders can use the plotted Fibonacci levels to enter trades, set profit targets, and manage risk.
- **Reversal Trading**: The liquidity grab detection mechanism allows traders to capture potential market reversals. By waiting for price retracements to key Fibonacci levels after a signal, traders can enter trades with a favorable risk-to-reward ratio.
- **Scalping & Day Trading**: With its ability to plot key intraday levels and generate real-time alerts, the ELC Indicator is particularly useful for scalpers and day traders looking to exploit short-term market inefficiencies.
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### **Concepts Underlying the Calculations**
1. **Liquidity Grabs**: The ELC Indicator’s core logic is based on detecting instances where the market moves beyond a recent high or low, triggering a liquidity grab. This often signals a potential reversal or continuation, depending on broader market conditions.
2. **Fibonacci Ratios**: Once a signal is detected, key Fibonacci levels are plotted to provide traders with actionable zones for trade entries, profit targets, or stop-loss placements.
3. **EMA Filtering**: The EMA acts as a dynamic trend filter, ensuring that signals are aligned with the dominant market direction. This reduces the likelihood of entering trades against the prevailing trend.
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### **Why ELC is Unique**
The ELC Indicator stands out by combining multiple powerful trading concepts—liquidity, Fibonacci ratios, and EMA filtering—into a single tool that provides actionable and visually intuitive information. Unlike traditional trend-following indicators that lag behind price action, ELC proactively identifies key market turning points based on liquidity events. Its customizable features, real-time alerts, and comprehensive plotting of Fibonacci levels make it a versatile tool for traders across various styles and timeframes.
Whether you're a scalper looking for intraday opportunities or a swing trader aiming to capture larger moves, the ELC Indicator offers a robust framework for identifying and executing high-probability trades.
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### **How to Get Started**
1. Add the ELC Indicator to your chart.
2. Customize the EMA length, line colors, and style based on your preference.
3. Enable alerts to receive real-time notifications of buy and sell signals.
4. Use the plotted Fibonacci levels to plan your trade entries, profit targets, and stop-loss levels.
5. Combine the signals from ELC with your existing market analysis for optimal results.
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This unique approach makes the ELC Indicator a valuable tool for traders seeking precision, clarity, and consistency in their trading decisions.
