Multi Timeframe Moving AveragesThe Multi Timeframe Moving Averages indicator is a powerful tool for technical analysis that allows traders to visualize and analyze moving averages from multiple timeframes on a single chart. This can be helpful for identifying trends, support and resistance levels, and potential entry and exit points.
The indicator is highly customizable, allowing traders to choose the number of moving averages to plot, the timeframe for each moving average, and the color and style of each line. Traders can also choose to plot the moving averages as solid lines, dashed lines, or filled bands.
The indicator also includes a number of additional features, such as:
The ability to plot standard deviations around the moving averages
The ability to display a table of all the moving averages on the chart
The ability to draw arrows on the chart to indicate when prices cross the moving averages
The Multi Timeframe Moving Averages indicator can be used by traders of all experience levels and is a valuable tool for any technical trader's arsenal.
EXAMPLE USAGE
One way to use the Multi Timeframe Moving Averages indicator is to identify trends. If the moving averages on all timeframes are sloping in the same direction, then the market is likely trending in that direction. For example, if the 50-day, 100-day, and 200-day moving averages are all sloping upwards, then the market is likely in a bullish trend.
Another way to use the Multi Timeframe Moving Averages indicator is to identify support and resistance levels. Moving averages can act as both support and resistance levels, depending on the direction of the trend. For example, if the market is in a bullish trend, then the 50-day moving average can act as a support level. If the market price falls below the 50-day moving average, it could signal a potential reversal of the trend.
The Multi Timeframe Moving Averages indicator can also be used to identify potential entry and exit points. For example, a trader could enter a long position when the price crosses above the 50-day moving average and exit the position when the price crosses below the 200-day moving average.
BOLLINGER BANDS SIGNAL
For every available timeframe, if prices bounce off the lower band and cross above their moving average, the upper band becomes the upper price target. A crossing below the moving average would identify the lower band as the downside target. In a strong uptrend, prices will usually fluctuate between the upper band and the average. In that case, a crossing below the average warns of a trend reversal to the downside.
USER INPUT SETTINGS
The elements below reflect the indicator’s settings menu structure:
Near Hit % : Reduce/increase target distance by setting them closer/further away from the band. This is a percentage of the distance between the moving average and its bands.
Gradient (Size & Style) : if on, plots a customizable gradient of colors instead of lines to represent standard deviations. Each color can be changed in the Moving Average Settings” section of the settings menu
Arrows (width & Shift) : if on, will display arrow-shaped lines at the right of the real-time bar. After an MA crossover/crossunder, the arrow starts at the moving average and ends at the corresponding band until the target gets hit.
Backtest Table (Location & Size) : if on, shows a timeframe screener table. Use “Small” as a Size for better mobile screen displays. This table allows you to see active targets and their directions across every timeframe. The table also displays the weighted average (%) of Hit targets signals, from the chart's timeframe point of view to all other timeframes.
St. Dev. (length & Mult.) : Bollinger Bands / Standard deviation lookback period & multiplier
Trade Labels : off by default, highlight crossovers, crossunders, and target hit with a label numbered with its corresponding moving average from the settings menu: MA01, MA02, etc.
Moving Averages : Show/hide plotted Moving Averages Lines
Moving Average Settings (plotted)
These are the 5 moving averages and corresponding bands that can be plotted on the chart. For each of those, you can customize their timeframes, types (SMA, EMA, etc.), and lookback periods
Other Moving Averages (no plots)
Similar to the above, these moving averages will reflect on the vertical arrows and inside the table
CONCLUSION
The Multi Timeframe Moving Averages indicator is a powerful tool for technical analysis that can be used to identify trends, support and resistance levels, and potential entry and exit points. The indicator is highly customizable and includes a number of additional features, such as the ability to plot standard deviations and display a table of all the moving averages on the chart. The Multi Timeframe Moving Averages indicator is a valuable tool for any technical trader's arsenal.
Cerca negli script per "screener"
Symbol Searcher [EmuMoon]Introducing the EmuMoon 'Symbol Searcher'. Your go-to tool for quickly comparing and discovering the best coins/symbols to trade.
With this nifty tool, you can easily search and compare 40+ different coins/symbols simultaneously to find the most volatile ones, while also identifying coins that are already correlated to the ones you're trading. That way, you can diversify your portfolio and avoid putting all your eggs in one basket.🧺🐣
The Symbol Searcher lets you sort by volatility, correlation and weighted combinations of both. You can even input your own coins/symbols to see how they stack up. It's a fun way to explore the crypto/trading market and find new opportunities.
You can also add the 'Symbol Searcher' to the chart multiple times to display even more symbols. This works excellent with the other DCA Tools that are Advanced!
Features
The EmuMoon 'Symbol Searcher' has a number of features, including:
• Optimal Coin Selection - The 'Top Picks' Table automatically populates with coins/symbols exhibiting the most desirable values that are well suited to trading.
• 'Sort By' Drop-Down - Explore a wide range of sorting options to discover coins/symbols that align with your target goals and preferences.
• Lookback Duration - Small or broad, you can specify the quantity of bars/candles that are used when performing internal calculations.
• Customisable View - Choose the Quantity of Pairs to Compare and also separately choose the Quantity of Pairs to Display.
• Real-Time Data - Receive up-to-the-minute data on coins/symbols, pick any time frame interval to make informed and timely choices.
• Quick & Easy - You can search, compare and analyse a wide range of coins with speed and convenience and no complex setup.
• Default Pairs - Carefully selected from Binance USDT Spot, the top 40 pairs with a 'Maximum Supply' based on the highest statistics at the time of creating. Add your own at any time.
• Connectivity - Use on the go, on any device. Settings menu and display tables have been optimized to look great on Mobile as well as PC, Browser, App, Laptop, Mobile, Tablet etc.
• Fast Loading - Streamlined array/table structure means enhanced script compile times, significantly improving script compiling times and timeout errors.
Settings
• Show Main Table - Show or hide the main coin selection table.
• Display X Pairs - Choose how many pairs to display.
• Compare X Pairs - Choose how many pairs to compare.
• Lookback - Choose the quantity of bars/candles to be used for the Correlation and Volatility calculations.
• Sort By - Choose how the main table is sorted.
• Show Top Picks Table - Show or hide the Top Picks Table.
• + Corr X Vol - Choose the quantity of High Correlation + High Volatility coins to show on the Top Picks Table.
• - Corr X Vol - Choose the quantity of Low Correlation + High Volatility coins to show on the Top Picks Table.
• o Corr X Vol - Choose the quantity of Neutral Correlation + High Volatility coins to show on the Top Picks Table.
• Symbol Input 1 - To check for correlation, the script utilizes coin slot number 1 as a reference, comparing it against all the coins numbered 2~40.
• Symbol Inputs 2~40 - Customize the coin inputs (2~40) according to your preference.
• Table Position - Adjust location of table plotted on chart. You can also add the 'Symbol Searcher' to the chart multiple times to display even more symbols. 🎉
• Info & Help - Some great information about the script and its features
• Text Size - Whether you are on PC, App, or Tablet, you can adjust the view to fit your device.
Usage
While statistics provide valuable insights, they should not be solely relied upon as an indicator of future results. This script serves as a tool traders can utilise to help gain an overview of the market landscape, and quickly compare and identify potential opportunities, enhancing their decision-making process. To use the indicator, simply input your chosen coins/symbols or use the defaults, select the quantity you want to compare, choose a sorting option, you can also generate a Top Picks list based on the highest performing values by using the +/-/o Corr X Vol quantity selections.
A_Taders_Edge_LIBRARYLibrary "A_Taders_Edge_LIBRARY"
RCI(_rciLength, _close, _interval, _outerMostRangeOfOscillator)
- You will see me using this a lot. DEFINITELY my favorite oscillator to utilize for SO many different things from timing entries/exits to determining trends.
Parameters:
_rciLength (int)
_close (float)
_interval (int)
_outerMostRangeOfOscillator (int)
Returns: - Outputs a single RCI value that will between (-)_outerMostRangeOfOscillator to (+)_outerMostRangeOfOscillator
InvalidTID(_close, _showInvalidAssets, _securityTickerid, _invalidArray)
- This is to add a table on the right of your chart that prints all the TickerID's that were either not formulated correctly in the scripts input or that is not a valid symbol and should be changed.
Parameters:
_close (float)
_showInvalidAssets (simple bool)
_securityTickerid (string)
_invalidArray (string )
Returns: - Does NOT return a value but rather the table with the invalid TickerID's from the scripts input that need to be changed.
LabelLocation(_firstLocation)
- This is ONLY for when you are wanting to print ALERT LABELS with the assets name for when an alert trigger occurs for that asset. There are a total of 40 assets that can be used in each copy of the script. You don't want labels from different assets printing on top of each other because you will not be able to read the asset name that the label is for. Ex. If you put your _firstLocation in the input settings as 1 and have 40 assets on this copy of the scanner then the first asset in the list is assigned to the location value 1 on the scale, and the 2nd in the list is assigned to location value 2...and so on. If your first location is set to 81 then the 1st asset is 81 and 2nd is 82 and so on.
Parameters:
_firstLocation (simple int)
Returns: - regardless of if you have the maximum amount of assets being screened (40 max), this export function will output 40 locations… So there needs to be 40 variables assigned to the tuple in this export function. What I mean by that is there needs to be 40 variables between the ' '. If you only have 20 assets in your scripts input settings, then only the first 20 variables within the ' ' Will be assigned to a value location and the other 20 will be assigned 'NA'.
SeparateTickerids(_string)
- You must form this single tickerID input string exactly as laid out in the water (a little gray circle at the end of the setting, that you hover your cursor over to read the details of). IF the string is formed correctly then it will break up. All of the tip rate is within the string into a total of 40 separate strings which will be all of the tickerIDs that the script is using in your MO scanner.
Parameters:
_string (simple string)
Returns: - this will output, 40 different security assets within the tuple output (ie. 40 variable within the ' ') regardless of if you were including 40 assets, to be screened in the MO Screener or not. if you have less than 40 assets, then once the variables are assigned to all of the tickerIDs, the rest of the variables will be assigned "NA".
TickeridForLabelsAndSecurity(_includeExchange, _ticker)
- this export function is used to output 2 tickerID strings. One is formulated to properly work in the request.security() function while the other is how it will appear on the asset name labels depending on how you form your assets string in the MO scanners input settings. Review the tooltip next to the setting, to learn how to form the string so that the asset name labels will appear how you want in the labels at the end of the line plots & the alert labels that would be triggered if the MO Scanner is set up to include Alert Trigger Labels.
Parameters:
_includeExchange (simple bool)
_ticker (simple string)
Returns: - this export function is used to output 2 tickerID strings. One is formulated to properly work in the request.security() function while the other is how it will appear on the asset name labels depending on how you form your assets string in the MO scanners input settings. Review the tooltip next to the setting, to learn how to form the string so that the asset name labels will appear how you want in the labels at the end of the line plots & the alert labels that would be triggered if the MO Scanner is set up to include Alert Trigger Labels.
PercentChange(_startingValue, _endingValue)
- this is a quick export function to calculate how much % change has occurred between the _startingValue and the _endingValue that you input into the export function.
Parameters:
_startingValue (float)
_endingValue (float)
Returns: - it will output a single percentage value between 0-100 with trailing numbers behind a decimal. If you want, only a certain amount of numbers behind the decimal, this export function needs to be put within a formatting function to do so. Explained in the MO Scanner INTRO VIDEO.
PrintedBarCount(_time, _barCntLength, _bcPmin)
- This export function will outfit the percentage of printed bars (that occurred within _barCntLength amount of time) out of the MAX amount of bars that potentially COULD HAVE been printed. Iexplanation in the MO Scanner INTRO VIDEO.
Parameters:
_time (int)
_barCntLength (int)
_bcPmin (int)
Returns: - Gives 2 outputs. The first is the total % of Printed Bars within the user set time period and second is true/false according to if the Printed BarCount % is above the _bcPmin threshold that you input into this export function.
Breakout FilterIntroduction:
The Breakout Filter is a technical analysis indicator designed to identify potential breakout trading opportunities in the financial markets. It combines breakout conditions based on price and volume with the visualization of Exponential Moving Average (EMA) lines. This indicator can be a valuable tool for traders seeking to capture breakout movements while utilizing EMA lines for additional trend analysis.
Indicator Overview:
The Breakout Filter consists of three main filters: Filter 1, Filter 2, and Filter 3. Each filter has its own set of conditions that need to be met for a breakout signal to be generated. Additionally, the indicator plots EMA lines on the chart to provide further insights into the market trend.
Filter 1: Price & Volume Breakout (Default symbol: Tiny Yellow Triangle)
Filter 1 focuses on identifying breakouts based on both price and volume criteria. It considers the following conditions:
- Price Breakout: The close price crosses above the Donchian Channel's middle line, indicating a potential upward breakout.
- Volume Breakout: The trading volume exceeds the moving average of volume, suggesting increased market participation during the breakout.
When both the price breakout and volume breakout conditions are met, Filter 1 generates a signal indicating a potential breakout in the market. This filter helps traders identify significant price movements accompanied by higher trading volumes.
Filter 2: Upper Band Breakout
Filter 2 specifically looks for breakouts above the upper band of the Donchian Channel. This condition suggests a potential strong upward momentum in the market. When the high price exceeds the upper band, Filter 2 generates a signal, indicating a breakout above the recent price range.
Filter 3: Combined Filter 1 and Filter 2
Filter 3 combines the conditions of both Filter 1 and Filter 2. It requires that both Filter 1 and Filter 2 generate signals simultaneously. When this happens, it indicates a strong breakout signal with price and volume confirming the upward momentum.
EMA Lines:
The Breakout Filter with EMA Lines also includes the visualization of Exponential Moving Average (EMA) lines on the chart. EMA is a popular technical indicator used to identify the overall trend in the market. The indicator plots three EMA lines with different periods: EMA1, EMA2, and EMA3. Traders can choose the periods for each EMA line based on their preference and trading strategy.
The EMA lines can provide additional insights into the market trend and potential support or resistance levels. By observing the interaction between the price and the EMA lines, traders can gain a better understanding of the prevailing market sentiment and make informed trading decisions.
How to screen these filters using Trading View Screener
Insert column "DONCHIAN20 UP" and set to "EQUAL HIGH"
Conclusion:
The Breakout Filter with EMA Lines is a comprehensive indicator that combines breakout conditions based on price and volume with the visualization of EMA lines. It helps traders identify potential breakout trading opportunities while providing insights into the market trend. By using this indicator, traders can enhance their trading strategies and potentially improve their trading outcomes.
Please note that this write-up is for informational purposes only and should not be considered as financial advice. Traders should conduct their own analysis and exercise caution when making trading decisions.
ATR VisualizerAdvance Your Market Analysis with the True Range Indicator
The True Range Indicator is a sophisticated screener meticulously developed to bolster your trading execution by presenting an exceptional understanding of the market direction. The centerpiece of this instrument is a distinctive candle configuration depicting the Average True Range (ATR) and the Bear/Bull range. However, it traverses beyond the conventional channels to offer specific market settings to boost your trading decisions.
User-Defined Settings
Broadly, the indicator offers five dynamic settings:
Bear/Bull Range
The Bear/Bull Range outlines the ATR for each candle type - bearish and bullish - and then smartly opts for the pertinent one based on the prevalent market circumstances. This feature aids in comparing the range of bullish and bearish candlesticks, which deepens your understanding of the price action and volatility.
Bearish Range
The Bearish Range isolates and computes the ATR for bearish candles solely. Utilizing this option spots the bear-dominated periods and provides insights about potential market reversals or downward continuations.
Bullish Range
Opposite to the Bearish Range, the Bullish Range setting tabulates the ATR exclusively for bullish candles. It assists in tracking the periods when bulls control, enlightening traders about the possibility of upward continuations or trend reversals.
Average Range
The Average Range provides an unbiased measure of range without prioritizing either bull or bear trends. This model is ideal for traders looking for a holistic interpretation of market behavior, regardless of direction.
Cumulative Average Range
Equally significant is the Cumulative Average Range which calculates the aggregate moving average of the true ranges for an expressed period. This setting is extremely valuable when evaluating the long-term volatility and spotting potential breakouts.
Dual Candle Configuration
Going a step ahead, the True Range Indicator uniquely offers the possibility to incorporate more than one candle estimate on your screen. This ensures simultaneous analysis of multiple market dynamics, thereby enhancing your trading precision multifold.
Concluding Thoughts
In essence, the True Range Indicator is an indispensable companion for traders looking to not only leverage market volatility but also make educated predictions. Equipped with an array of insightful market settings and the ability to display dual candle estimates on-screen, you can customize the functionality to suit your unique trading style and magnify your market performance dramatically.
Sessions[Lenny Kiruthu]The script below is designed to show up to 4 different trading sessions i.e. London, New York, Tokyo and Sydney sessions, it also displays the days each session is taking place in as well as two horizontal lines one for the previous days high and the other for the previous days low.
It also displays a table that shows the user the highest and lowest price for 4 different currency pairs the previous day as well as their current prices and below it a confirmation row that shows whether price is currently above, below or within yesterdays range. Note that it only states "High Broken" or "Low Broken" if the current close is above or below the lines.
What you can change
Your time zone for example GMT -4 or GMT +3
The session start and end time
The colors, border type and border width of the session ranges
Displaying the table
Ability to choose the 4 symbols to view on the table
Spaghetti by RainbowLabsWhen I started trading, very few people gave me a hand or even a small piece of advice. One of them was @btc_charlie. From Charlie, I first saw the spaghetti chart, and he explained to me how it was useful in identifying which coin made the most sense to trade at a specific time.
In practice, it worked like this: in the "add" section, you add all the pairs you want and overlap them on the chart, creating the spaghetti chart. Although it worked, and still works, this way, I wondered if it would be better to write an indicator that does the same thing, maybe less invasive on the chart, that you can call as many times as you want and in different versions. In short, I tried to recreate the same thing but potentially better, let's see if I succeeded.
Introducing Spaghetti chart by RainbowLabs:
This indicator takes 20 different pairs as user input and works with any pair on any exchange provided the name is spelled correctly. In the settings, there are four columns: the first for the exchange, the second for the ticker, the third for the base pair, and lastly, the color. Again, it works with any pair on any exchange, but if you put something that does not exist or is misspelled, it will cause the script to error.
The second thing to do is to set when our spaghetti will be reset. By default, it resets every hour, but you can change it to any preferred timeframe in the menu, keeping in mind that we will write the timeframe in minutes, not alphanumeric. For example, 4h will not be four hours, but you will have to write 240.
In the settings, we can also change the position and size of the table.
How it works:
All pairs are reset when the timeframe defined by the user in the settings changes. The script then calculates the percentage difference from that moment onwards for each pair at the closing of the candle of the timeframe we are in. For example: by default, the timeframe resets every hour, so we will use it on one minute. It does not make sense on larger timeframes, and you will have to increase the reset timeframe.
How to use it:
Risk on\off BTC vs alts
As Charlie says in his tweet: "should I be risk on or off?" for SIX:ALTS rule might be ">70% of Alts recovering after a dip."
Identify a dip on bitcoin and compare what happens immediately after. If more than 70% of alts gain more than BTC, it may be better to remain positioned in alts. When the opposite happens, it is better to stay on BTC or stable.
Sell-off, Rally
During a significant sell-off or rally, it is important to analyze which coins were performing better or worse in the immediate past. It is statistically more profitable to trade those pairs that were over-performing, positively or negatively, just before the event.
Arbitrage and Triangular Arbitrage.
While it may be difficult to find large arbitrage opportunities in current market conditions, we can use tools to identify the best price of the same pair on multiple exchanges and compare it with one or multiple pairs on other exchanges. Having a comprehensive view of the market can be useful for anyone who is not using advanced trading bots to find arbitrage opportunities.
Quick Screener
You can add multiple spaghetti indicators to a single chart, and with the paid version of TradingView, you can use multiple layouts to plot as many coins on as many exchanges as you want. In the picture, you can see 240 pairs on four different exchanges all together. This feature allows you to quickly screen for potential trading opportunities and identify trends across multiple pairs and exchanges.
Known issues:
When the currency exchange rate is equal to 0.0000, the plotted line may not be visible.
basilPort Portfolio Tracker Pro [basilChart]This script is helps giving detailed information about the portfolio.
Prominent features of this portfolio tracking indicator are:
- Chart of your portfolio: This portfolio tracker let’s you view the chart of your portfolio real-time.
- Visualized Profit/Loss: Indicator will let you know of your profit and loss on the chart.
- In-Depth Monitoring: Most Gained 1st, 2nd, 3rd and Most Lost 1st, 2nd, 3rd.
- All Time Highs: Let’s us view All Time Highs on the portfolio chart for each equity on the chart.
- 40 Different Symbols: Supports monitoring 40 different symbols at the same time, real-time.
- 10 Pair Detailed View: For the first 10 symbol in our portfolio, indicator supports viewing detailed info about each of them. Such as: Price, Cost, Qty, Profit Percentage, Chart TF Profit Percentage, Weight
basilPort Portfolio Tracker Pro indicator can be used to:
- Track your investments: The basilPort Portfolio Tracker allows you to enter all your investments and their associated details, such as the ticker symbol, purchase price, and quantity. It then calculates your total portfolio value, including gains and losses.
- Monitor portfolio performance: Provides an overview of your portfolio's performance over time. You can see how your portfolio is performing on a daily, weekly, or monthly basis, and compare it to the performance of the overall market.
- Analyze asset allocation: Helps you analyze your portfolio's asset allocation, which is the percentage of your portfolio invested in different symbols. You can use this information to adjust your portfolio and diversify your holdings.
- Set investment goals: You can use the Portfolio Tracker to set investment goals and track your progress towards achieving them. For example, you can set a goal of achieving a certain rate of return or accumulating a specific amount of wealth by a certain date.
Overall, the Portfolio Tracker is a useful tool for investors who want to monitor their portfolio's performance, evaluate their investment strategies, and make informed investment decisions.
Best and worst 3 performers in our portfolio:
From Data Window, script let’s us see the best and worst 3 performers in our portfolio. To know how to read it we follow this pattern:
- Check 1st Gained value.
- Find the nth symbol from script’s Inputs tab.
- Check 1st Gained to see its Profit Percentage.
An example scenario to reading Data Window is explained at the very end of the description.
Using the script:
- Add this script to the chart from indicators tab
- Set starting date for the basilGrid Portfolio Tracker Pro either by dragging and dropping the vertical line or by the date-time picker from indicator Inputs tab.
- Set symbols and enable them to monitor with this indicator.
- Set quantity and price information for the symbols you have selected.
- Set visual settings to tailor your experience.
basilPort Portfolio Tracker is an indicator that allows you to track and analyze the performance of your investment portfolio over time. It's a helpful tool for investors who want to monitor their holdings and evaluate their investment strategies.
In this example we used pair BTCUSDT 1h timeframe, our settings are:
Inputs Tab:
- Start Date: 2022-12-13 13:00
- Show All Time Highs: Unchecked
- Show Pair Data (First 10): Checked
- Show Total Data: Checked
Symbols:
- BINANCE:ETHUSDT Qty 4.2 Price 1 332
- BINANCE:BTCUSDT Qty 0.5 Price 17 469
- BINANCE:BNBUSDT Qty 20 Price 270
- BINANCE:AVAXUSDT Qty 200 Price 13.61
- BATS:PYPL Qty 50 Price 78.5
- BATS:AMZN Qty 40 Price 95.4
- BATS:ETSY Qty 40 Price 135.64
For example, if you check Data Window, you'll see the following:
An example scenario:
- Bought Portfolio Value 39142.98 => The cost of the portfolio
- Current Portfolio Value 39142.98 => The current value of the portfolio
- 1st Gained 2.00 => The most gained symbol's index. (Checking the Symbols what we see on the 2nd spot is this symbol, we can see this value indicates BINANCE:BTCUSDT)
- 1st Gained 28.09 => Means BINANCE:BTCUSDT is +%28.09
- 2nd Gained 4.00 => Again, after checking the Symbols, we now know what this value indicates. It is AVAXUSDT.
- 2nd Gained 18.59 => Means BINANCE:AVAXUSDT is +%18.59
..
And so on to Lost section. Only difference between Gained and Lost section indicates Lost equities.
This script's purpose is to make easier to have more control over the portfolio. With in depth data that’ll help with decision-making.
Volume Spike Scanner█ OVERVIEW
This script adds a volume spike scanner table to the top-right of the chart space. Table cells light up with colored signals when volume spikes occur on the associated tickers on a low timeframe. The colored signals correspond to different levels of volume spike intensity and the table columns are continuously sorted so that the tickers with the most intense volume spikes are always at the top. One table can have up to 40 tickers (this is a pine script limitation) and the indicator comes with 7 pre-load ticker lists. (6 stock lists and 1 crypto list) Add the indicator several times and use all the pre-load lists to scan 280 stocks and 40 cryptocurrencies simultaneously.
By monitoring so many tickers simultaneously for volume spikes you will have early awareness of tickers that are reacting to catalysts/news. In some cases there may be no known catalyst, but the ticker is still making a significant move with high volume. Getting to these charts early in the move can provide trade-able opportunities.
█ SIGNALS
There are 6 signals for increasing levels of volume spike intensity
Orange - Most Intense
Yellow
Green
Light Green
Blue
Pink - Least Intense
█ USER INPUTS
Alerts
Check the boxes in the Alerts section next to the color signals you want alerts for. Then after closing the user inputs pane right-click on the table and select "Add Alert on ..."
Filters
Currently the only filter available is the Minimum Volume Filter. More filters may be added on future updates.
When this filter is turned on any signals that are generated by a spike that has volume below the set value will be filtered out and will not show up on the scanner.
The default value of 10,000 is recommended for stocks. There is no recommendation for crypto.
Positioning
• Compact Mode - Reduces the table width to about half size to conserve screen space.
• Table Number - Table number 1 is the farthest right position. Each increase in this value by 1 will move the table roughly one table space inward from the right side of the chart.
• Move Down - Each increment of 1 will move the table downward roughly the height of one table row.
Usually the lowest rows of the table are insignificant so it's okay to move the table down and have these rows offscreen.
• Left/Right Spacing - Each increment of 1 or -1 will move the table slightly left and right respectively. This is for fine tuning the left/right positioning if you like all your tables equally spaced.
Ticker Lists
• Pre-Built List # - The first release of this script contains seven pre-built lists each containing 40 tickers. Lists 1 thru 6 are all stocks. List 7 is all crypto.
For day trading stocks and options add the indicator 6 times to the chart, set the tables side by side, and set a different pre-built list number for each table.
• Symbol Lists - The pre-built lists can all be customized to your preference. Remove tickers you don't like and replace with ones you like. Save your lists as the new default.
Also not every table has to contain 40 tickers. You can uncheck the boxes next to the tickers to shorten the list.
█ TIPS
General
1 — Use news alert/notification services to add context to volume spikes and resulting price movements.
2 — When a ticker goes straight to the highest two signals (Orange and Yellow) that is usually noteworthy
and worth looking at the ticker's chart to see how the volume inflow is affecting price.
3 — When the lowest signals (Pink and Blue) appear for a ticker that is often not noteworthy except in the most liquid tickers
4 — It is best to use a multi-chart layout with one chart in the layout dedicated to the scanner.
This will allow you to switch tickers on the other charts without re-rendering the tables each time.
Set the chart dedicated to the scanner to the 3m timeframe or lower due to an issue mentioned lower down.
To make the scanner easier to see you can turn off visibility of all chart features on this chart.
Stocks
1 — Very liquid stocks such as AAPL, AMZN, MSFT, TSLA, NVDA, NFLX, BA, GOOGL, META, etc. rarely have volume spikes that give the highest signals (Orange and Yellow).
For these tickers the lower signals are significant. To prevent them from getting lost at the bottom of a 40 ticker table you can give them their own dedicated table
along with other favorite stocks to ensure they are always easily visible. You can set alerts for the lower level signals on this table.
2 — To use all 6 pre-loaded stock lists and scan 240 stocks simultaneously add the indicator 6 times.
Each time you add the indicator customize the user incrementing the Table Number and Pre-Load List #. This will give you 6 tables side-by-side with 40 tickers each.
3 — The Minimum Volume Filter is recommended to be set on and at the default value for the stock pre-load lists.
Crypto
1 — The Minimum Volume Filter is recommended to be set off for the crypto list.
2 — Use mobile app notifications to get 24/7 crypto volume spike alerts to your phone.
█ KNOWN ISSUES
Alerts are sometimes given more than once for the same volume spike signal.
The table does not display when using higher timeframes. It is recommended to use a split chart layout and dedicate one section of the layout to this indicator. Set the timeframe on this section to 3m or lower.
If fixes are found for the above issues they will be included in future updates.
█ SPECIAL THANKS
With permission this script utilizes some of the logic from the open-source script "Screener for 40+ instruments" by QuantNomad.
BEST ABCD Pattern Screener Deribit:DVOL BTC DXY scannerModified this script by Daveatt (based on Ricardo Santos Fractals)
to scan patterns in BTCUSD, ETHUSD, DVOL, DXY, DVOL/VV
[E5 Trading] Setups & TrendsE5 Trading Setups & Trends helps traders identify buy and sell opportunities through established trading techniques, including proven trade setups, bullish and bearish trend reversal signals, price strength, stop-loss and take-profit guardrails, a real-time divergences confluence system, local support and resistance levels, and anchored volume-weighted average price features.
These powerful capabilities help traders of all experience levels build confluence to improve the probability of success for each trade.
Trade Setups
Select from one (1) of three (3) trade setups for LONG and SHORT signals: 1. Transition; 2. Momentum; 3. Phase Shift. All trade setups work on all timeframes.
Several factors impact the consistent accuracy of algorithm-based setups over a long duration.
Examples include volatile global markets, liquidity, and an evolving mix of retail and institutional participants in a specific asset.
Therefore, traders must have various trade setup options and signals available to help them identify confluence.
Traders should evaluate the accuracy of each trade setup under existing market conditions and select the best one.
Trade setup signals are just one feature to consider as part of a discretionary trading system and should not be considered as stand-alone buy and sell signals.
They can be used as an effective market screener to help the trader quickly narrow the playing field of tradeable assets based on current market conditions.
Traders should seek confluence among several indicator suite features before entering or exiting a trade.
Use the color selector boxes to change LONG and SHORT label colors.
Color Candles per Setup
Toggle (Color Candles per Setup) to change candle coloring based on LONG and SHORT signals generated by Trade Setups.
All candles after a LONG signal plot with Bull candle coloring until a SHORT signal generates.
All candles after a SHORT signal plot with Bear candle coloring until a LONG Signal generates.
Enabling this feature allows the trader to observe and interpret the price trends of the asset more easily.
Squeeze Filter
The Squeeze Filter eliminates all trade setups inside a low-volatility squeeze where trade setup signals are typically less reliable and where the future trend can be more challenging to determine.
This feature helps traders avoid potentially noisy signals, and instead focus on Squeeze Early Entry and Squeeze Breakout signals generated by the E5 Trading Squeezes and Breakouts indicator.
Disciplined traders who play squeeze breakout price action can perform well with this strategy as long as good risk management is practiced (i.e., responsible position-sizing and use of a stop-loss on every trade).
Toggle Squeeze Filter (On) to eliminate all trade setups inside a low-volatility squeeze.
Trend Reversal Signals
Trend Reversal Signals (R) identify the potential end of a local trend and the beginning of a new one. Default (On). Default drop-down (Potential Reversal).
All reversal signals are deemed POTENTIAL reversals until price action of the next one or two candles after the reversal signal confirms the reversal.
Reversal signals may be CONFIRMED MANUALLY by a simple method described below or CONFIRMED AUTOMATICALLY using the Trend Reversal Signals drop-down menu.
To manually confirm a potential bullish reversal, the close of the 1st or 2nd candle following the reversal candle must be greater than the high (wick) of the reversal candle.
To manually confirm a potential bearish reversal, the close of the 1st or 2nd candle following the reversal candle must be less than the low (wick) of the reversal candle.
To use automated confirmation capabilities, select either "1-Candle Confirmed" or "2-Candle Confirmed" from the drop-down menu.
Selecting "1-Candle Confirmed" will result in any potential reversal signal (R) updating to a faded/transparent reversal signal (R) if not confirmed by the next candle only.
Sometimes there is market indecision (i.e., sideways price action) after a potential reversal signal, requiring the use of a 2nd candle to confirm the reversal.
Selecting "2-Candle Confirmed" will result in any potential reversal signal (R) updating to a faded/transparent reversal signal (R) if not confirmed by the next one or two candles.
"Reversals Sensitivity" drop-down to provide three (3) sensitivity levels for reversal signals.
The available drop-down options are: "Less Signals", "Default", and "More Signals".
"Less Signals" decreases the number of Potential Reversals compared to Default, and "More Signals" increases the number of Potential Reversals compared to Default.
This feature provides more opportunities to play reversals while still helping to eliminate all non-actionable reversal signals using the auto-confirmation capability.
Play the probabilities and avoid fake-outs: IGNORE any reversal signal not confirmed by the above method.
Use the color selector boxes to change the bullish and bearish reversal signal colors.
Price Strength
Price Strength Signals were designed to flag the onset of potentially explosive price moves based on market conditions and price action. Default (Off).
Bull price strength default (large triangles with bull candle coloring).
Bear price strength default (large triangles with bear candle coloring).
Dynamic Stop-Loss (SL) | Take-Profit (TP) Guardrails
This feature helps traders to effectively time trade entries/exits, automate the calculation of stop-loss | take-profit levels, and stay in trades while price action remains inside its calculated normal volatility range.
Due to its dynamic real-time update capability and utility as a trailing stop-loss | take-profit automation tool, this feature can be a powerful addition to both manual and algorithm (i.e., bot-based) trading systems.
Toggle (SL | TP Guardrails) to view dynamic stop-loss | take-profit levels based on user-defined Length and Multiple settings.
Define the Length (default: 14) and Multiple (default: 1.5) to establish the desired dynamic stop-loss | take-profit parameters.
Use the color selector boxes to change the Stop-Loss and Take-Profit guardrail colors.
A simple example trading technique using this feature is to go long when the guardrail transitions from being above price action (i.e., resistance) to below price action (i.e., support). Vice versa for short trades.
Traders monitoring a manual trade can move their stop-loss | take-profit level based on the calculated bull or bear guardrail.
Traders using a 3rd-party bot-trading platform can set up a webhook within a TradingView alert to automate their trade based on price action crossing the dynamic stop-loss | take-profit threshold.
Real-Time Divergences Confluence
Divergences occur when a technical indicator, like an oscillator, moves in the opposite direction of price.
They often serve as an early warning of a trend reversal (via regular divergence signals) or trend continuation (via hidden divergence signals).
Divergences flag in real-time directly on the price chart and provide a strength rating (1 to 6) based on the number of oscillators that simultaneously detect a divergence.
Bullish divergences flag below price action and bearish divergences flag above price action to help traders detect potential trend reversals (regular divergences) or trend continuations (hidden divergences).
This indicator evaluates a total of six (6) oscillators simultaneously to identify divergences compared to price action.
Each divergence is assigned a strength rating (1 to 6) based on the number of oscillators that simultaneously detect a divergence.
The real-time nature of the divergences will cause the divergence line to re-plot with each successive candle until the divergence confirms at the end of the trend.
The divergence strength rating will also continuously update with each successive candle based on the number of divergences detected at that time.
When the divergence confirms, the divergence line and label on the chart will update from a lighter/transparent shade to a darker/opaque shade.
Use the color selector to change label and line colors.
Use line selector to change the line style. Default (solid line).
Toggle (Regular Divergence (Bull)) to display regular bullish divergences. Default (Off).
Toggle (Regular Divergence (Bear)) to display regular bearish divergences. Default (Off).
Toggle (Hidden Divergence (Bull)) to display hidden bullish divergences. Default (Off).
Toggle (Hidden Divergence (Bear)) to display hidden bearish divergences. Default (Off).
Local Support | Resistance
Local Support and Resistance levels are calculated automatically based on price action and represent supply and demand zones to help traders establish buy and sell targets, stop-loss, and take-profit levels.
Awareness of key support and resistance levels is critical for developing a trading plan, trading level-by-level, and avoiding unnecessary risk (e.g., longing into resistance or shorting into support).
Local Support and Resistance levels are especially useful when combined with other indicator suite features to identify confluence.
Toggle (Local Support | Resistance) to display key support and resistance levels. Default (Off).
Anchored Volume-Weighted Average Price (AVWAP)
Anchored Volume-Weighted Average Price (AVWAP) helps traders determine the fair market value of an asset based on the volume-weighted average price over a user-specified period.
This fair market value can establish areas of support and resistance on the chart with the idea that price is attracted back to the fair market value over time. Default (Off).
The AVWAP line then serves as a critical support | resistance level that price action will eventually test.
Select the AVWAP source from the drop-down box. Default (hlc3) which means (High + Low + Close) / 3. Use the color selector box to change the color of the AVWAP line.
AVWAP Start (Option 1): Use the date and time selectors to select the Start position of the AVWAP line.
AVWAP Start (Option 2): Change the AVWAP Start position directly on the chart by moving the vertical line that appears to a specific candle (e.g., pivot high, pivot low, day/week start).
First, click on the AVWAP line, then drag the vertical AVWAP position line on the chart to the desired candle.
Toggle (AVWAP Support | Resistance) to display a horizontal support | resistance zone based on the current Anchored Volume-Weighted Average Price.
When price action is above the AVWAP, the horizontal AVWAP support | resistance zone acts as support with bullish zone coloring.
When price action is below the AVWAP, the horizontal AVWAP support | resistance zone acts as resistance with bearish zone coloring.
SMMA slope deviation alertThis indicator alerts when the deviation of close value from SMMA is more than 30% of the average deviation for the last 14 bars. The period of SMMA can be adjusted.
This indicator has 3 hardcoded timeframes so there is almost no sense what timeframe you use. It gathers data from 15m, 1H and 4H timeframes and combines then on one chart.
The markers are drawn one over another, for example, if you set 1H timeframe on you chart green markers from 15m can be placed under the same 1h-candle where the blue one lights on 1H. The algo is made to lower the risks of traders, so if you use 15m timeframe you will see green marker but if you use 1H you will see the blue marker on 1H (and don't see the green one because the blue is over the green). This is somewhat a "hardcoded scalp screener". You can "zoom in" and "zoom out" the row of markers by toggling between 15m and 1H and 4H but conditions for the signals are the same.
Black and blue markers light when the price is too far from the SMMA . "Too far" means that deviation is greater than the average deviation (for 14 bars) multiplied by 1.3.
Red and green markers light when besides the condition mentioned above, the price change is accelarating. Acceleration is considered in terms of the speed of running from SMMA . if SMMA was crossed by the priceline less than 8 bars ago and now it went so far that the condition of 30% is triggered then red and green markers light.
Fixed Quantum VectorSelect a zone to analyse the vectors.
This screener show the ratio of the bullish and bearish candle vector and on volume.
Slide the white bar to choose your sample size or you can enter the date.
Click label to hide start calculation and end calculation.
- Happy trading
Quantum Vector AlertsIts the part 2 of Multiple Indicators 50EMA Cross Alerts.
Its more suitable for the seconds chart. Beside, you can use it in higher timeframe.
The input bars length is the sample size that the code will use to trigger all alert. 20 mean 20 bar after the current candle.
When you activate volume alert you can select an amount of volume that when volume cross it you will be notified. The volume of every bar is displayed in the screener below volume.
In the section percentage vector counting the script do the sum of the red vector and green vector and give a ratio. In bullish vector count percentage for alert, you can select the percentage difference that you want to receive an alert. If your sample have 3 red vectors and 7 green vectors you will receive an alert saying that there is an imbalance of 70% showing more green vectors.
You can select a variant of percentage vector. The variant will do a summation of volume. If 1 vector candle is the size of the 3 other vector, they will have the same ponderation.
Normal alert counting count the number of vectors in the bars length. You can count the red and green candle only or add the blue and violet.
Bullish vector count will show a notification when the number of green candle will appear on the chart in the selected length. The same process is valid for bearish vector count. For example, if you want 3 bullish candle in 20 bar. You select bars length 20 and bullish vector count 3.
These alerts are suitable to the hybrid system. Thanks to our teacher Trader Reality and to all the member that contribute to this great discord community.
Beta ScreenerThis script allows you to screen up to 38 symbols for their beta. It also allows you to compare the list to not only SPY but also CRYPTO10! Features include custom time frame and custom colors.
Here is a refresher on what beta is:
Beta (β) is a measure of the volatility—or systematic risk—of a security or portfolio compared to the market as a whole (usually the S&P 500 ). Stocks with betas higher than 1.0 can be interpreted as more volatile than the S&P 500 .
Beta is used in the capital asset pricing model (CAPM), which describes the relationship between systematic risk and expected return for assets (usually stocks). CAPM is widely used as a method for pricing risky securities and for generating estimates of the expected returns of assets, considering both the risk of those assets and the cost of capital.
How Beta Works
A beta coefficient can measure the volatility of an individual stock compared to the systematic risk of the entire market. In statistical terms, beta represents the slope of the line through a regression of data points. In finance, each of these data points represents an individual stock's returns against those of the market as a whole.
Beta effectively describes the activity of a security's returns as it responds to swings in the market. A security's beta is calculated by dividing the product of the covariance of the security's returns and the market's returns by the variance of the market's returns over a specified period.
cov (a,b)/var(b)
Line Break Heikin AshiThis script takes two candle styles and combines then into one. By only using the closing price to inform the heikin ashi candles you get a lovely line break style heiken ashi candle. The advantage to this if you are into this kind of thing is that it makes for a smoother experience. You still get wicks just because of the nature of heikin ashi but they are dramatically reduced. This is defiantly an experimental indicator as its just a different way to look at the chart. I hope some one can find use in this outside of a work around pine script limitations. I had to create this for my sentiment tracker section of my qqe bb screener because it uses so many symbols that I cant get the open, high, or low for each. If you find any bugs please report them, or if you have any feedback please leave it. Enjoy!
QQE Student's T-Distribution Bollinger Bands ScreenerThis script scans 20 custom symbols and displays the QQE Students T-Distribution Bollinger Bandwidth as a percentage, the quarter segment percentage, a score that tells you what segment of the band the price is in, and what direction the market is going in. This is useful because it can tell you how volatile a market is and how much reward is in the market. It also tells you what direction the market is going in so you can pick a symbol that has the best looking reward. I really hope that this script complements the group of indicators I have made so far. Here is a list of the other two indicators related to this script.
Please enjoy!
Fsystem Pivot 1453 ScreenerHello,
This script provides scanning for our pivot 1453 script and should be used together.
I will try to explain the content with pictures.
Merhaba,
bu scriptimiz ,pivot 1453 scriptimiz için tarama yapılmasını sağlar ve beraber kullanılmalıdır.
sizlere içeriği resimler ile anlatmaya çalışacam.
Status column :
this column indicates that you are
from the Bear or Bull area at the last bar,
bear-positive bear appeared in the field,
bull -negative indicates that the bull is out of the field.
----------------
Durum Kolonu :
Bu kolon son barda Ayı veya Boğa alanda oldugunu ifade eder,
bear-positive ayı alandan çıktıgını,
bull -negative boğa alandan çıktığını ifade eder.
how bar ago column :
Indicates how many bars ago
the bull or bear crossed the area.
---------------------------------------
how bar ago kolonu :
boğa veya ayı alana kaç bar önce geçtiğini belirtir.
Level 1 distance column:
your last price
It is the percentage distance from the first pivot line that occurs when the Bull or Bear enters the field.
It gives information about how much the price has gained according to the 1st pivot and adds the color expression according to the current area.
-------------------------------------------
Level 1 distance kolonu :
son fiyatın
Boğa veya Ayı alana girdiğinde olusan ilk pivot çizgisine yüzdelik olarak uzaklığıdır.
1.pivota göre fiyat nekadar değer kazanmış bilgisini verir ve şu andaki alana göre renk ifadesinide katar.
which level column :
It gives information about the level of the price and colors it according to the relevant level.
----------------------------------------
which level kolonu :
fiyatın hangi seviyede oldugunun bilgisini verir ve ilgili seviyesine göre renklendirir.
Bottom distance column:
It gives the percentage distance
of the last price from the Support line.
-------------------------------------------------
Bottom distance kolonu :
Son fiyatın Destek çizgisine
yüzdelik uzaklığı bilgisini verir.
top distance column:
It gives the distance of the last price
from the peak, that is, to the resistance
point, as a percentage.
-------------------------------
top distance kolonu :
son fiyatın tepe yani direnç noktasına
uzaklığını yüzdelik olarak verir.
level up jump column :
If the price has closed on the line upwards
at the last bar and has passed to the
other level region, it gives information
about this.
-------------------------------------------
Level up jump kolonu :
eğer fiyat son barda yukarı doğru ,
çizgi üzerinde kapanış yapmış ve
diğer seviye bolgesine geçmiş ise
bunun bilgisini verir.
ema 60 and ema 360 column:
Returns the value of ema.
If the price is lower than the
relevant ema, it is turned
to a green ground if it is above red.
-----------------------------------
ema 60 ve ema 360 kolonu :
ema nın değerini verir.
eğer fiyat ilgili ema dan aşağı
ise kırmızı üstü ise yeşil zemine çevirilir.
Level Supp--Resis column:
gives the value of the top
resistance and the value of
the bottom support.
---------------------------
Level Supp--Resis kolonu :
tepe direncin değerini ve
dip desteğin değerini verir.
From the settings option of the script, you can narrow the result area by converting currency,
choosing a period, selecting a share, scanning another stock set and filtering integrated into the columns.
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scriptin ayarlar seçeneğinden ,para birimi çevirme ,periyot seçme,hisse seçme ,başka hisse seti tarama ve kolonlara entegreli filtreleme yaparak sonuç alanını daraltabilirsiniz.
MA Cross ScreenerThis script lets you pick 20 symbols to check for ma crosses. The way it works is it scans all 20 of your symbols for moving average crosses and then it sends an both a regular alert and a visual alert inside of the indicator. I found that ma cross strategies are very popular right now so I thought it would be nice to have one indicator instead of 20 discord servers. The features include: 20 custom symbols, alerts, custom colors, ma select, and custom time frames. If you want to use the custom time frame option, use the lowest time frame possible. That way you wont have gaps. If you have any comments please voice them, that includes suggestions!
I hope you all find this useful!
[ChasinAlts] RSI (Time-Spent) Count[MO]// Hello fellow traduers, hope all is well in your neck of the woods. Anywho, I'll attempt to be short and sweet.
// I've been doing a LOT of work recently with RSI to figure out what its all about and to learn the ins and outs.
// Some great ideas (I think at least) have come to fruition from the deep-dive into RSI, thus, I've got 2 of these ideas
// to share. One notable feature for the RSI is when there is a BULLISH trend, it is VERY likely to stay within the upper
// 2/3rds of the RSI extremes (0-100) and vise-versa for BEARISH trends and the lower 2/3rds of the RSI extremes.
// That is where this script's idea was derived. Now PLEASE, do tell, if you disagree with me (preferably via a cool,
// calm, and collected comment...but hey, that's up to you). Ok, now the script.
//
// What this does is gives you a Bullish and Bearish count for the bars. Bullish Cnt counts up by +1 per every PRINTED bar
// that is above OverSold and vise-versa for the Bearish Cnt and being below OverBought. That does VERY MUCH make it
// possible for both counts to have a high value if RSI is staying between OverBought and OverSold for extended periods
// of time. Though, the ONLY count that will be shown is the one with the highest value.
//
// There are tooltips describing each of the settings but I will quickly talk about 3 more things. First of all, I prefer
// to have as few settings in the settings menu as possible thus the "Boundaries to OB/OS" setting can be viewed as the
// OverSold input and the OverBought setting is configured from this by subtracting "Boundaries to OB/OS" from 100
// (ie. 100-Oversold = OverBought). There Lastly, there is the option to show ONLY the coin with the MAX Count from each
// 'set' of coins. When that count resets to 0 then the next highest count coin will take its place. To use this instead
// of how the script is currently constructed you only need to comment out (add '//' at the beginning of each line of) the current
// plot functions and uncomment the lines at the very bottom under the 'MAX' section. Doing so also reveals the possibility of
// setting an alert for when the coin with the max count changes between different coins. This is very helpful because since it
// only gives the top count of ALL the coins in the selected set, this count is most likely going to continue forward with its
// count for a while thus when the alert goes off I prefer to look at the potential trades in the opposite direction of which
// the max coin was just in (ie. if its count plot/label is red and it stops then look for a potential long trade on the coin
// who's count just reset. Only ONE more piece of the script I have yet to talk about. There is a filter in the code and you
// can select to use or not use within the settings. What this filter does is it counts all the printed bars within the last
// ___bars(user selectable). This is due to the fact that if there is no trade that occurs on a bar then TradingView does not
// print the bar. The coins that have fewer updates also tend to stay within a tighter range for it's RSI thus many times
// giving the illusion that the coin is a good trade bc its trending count is very high (tending to be higher than the others)
// thus hogging the precious chart space if using the script in its current form, or hogging up the MAX slot so that no other
// (and most likely BETTER-TO-TRADE) coins will be shown. It is a great volatility indicator (that of which I have published
// a script using the idea in the recent past). If selected in the settings menu and if the % of printed bars count goes below
// the user set minimum % then both Bullish and Bearish counts will be reset. This is indicated within the counts plots by looking
// at the plots whose counts reset and rather than the plots just stopping printing in mid-air, they will continue to plot while the
// counts reset and fall down to 0. These types of coins will keep you in a trade longer that you'd probably want gaining less than
// you'd probably expect.
//
// Peace Folks & Happy Trading,
//
// ChasinAlts
Donkey Kick - Volume ScreenerThis indicator allows users to screen up to 40 pairs based on total traded volume (in USD). Not all timeframes are created equal, and to avoid "moving the market" on lower timeframes the user can set the maximum desired trade size as a percentage of total traded volume. As an added feature the user can determine at a glance the margin size required for each respective trade position size based on the leverage parameter set by the user. There is also a filter for ATRP.
AlphaTrend StrategyThe strategy version of AlphaTrend indicator for backtesting and optimisation purposes for TradingView users:
Screener / Explorer version and an English explantion video will be published soon...
AlphaTrend's parameters are designed for daily and 4H charts, feel free to optimize on all time frames.
Hope you all use Alphatrend in your profitable trades.
Kıvanç
Donchian Channels+Standard Donchian Channels, this includes a Trend EMA which can be configured and the channels will use to give buy and sell signals. The channels are also colored in such a way to indicate a trend reversals. My favorite part that sets this apart from others is, if using the bClose option (which I recommend you do) the trend will not reverse until there is a close above/below the previous channel high/low. i.e. a reversal into an uptrend requires the current bar to close above the previous upper channel rather than just a new high.
The coloring of the current trend allows for a quick read of current market conditions and I use this on any timeframe across all forms of charts (forex stock, futures , crypto, etc). When taking one of the signals I use the opposite channel as the stop loss (when buying use bottom, and selling use top channel)
Update 1:
- Added my name to the code
- Updated the picture to show off the indicator better
- Raised the brightness of the fill color a bit, looks nicer I think
As a warning: I have obviously hand picked this picture to really show off this indicator's power to work in a trending market. Donchian Channels are a trending indicator and work best in trending markets with decent pull backs. If there are multiple signals going in each direction, it is a choppy market and you should stay out until it starts trending again. I generally use a 1:1.5 risk to reward ratio but sometimes will stretch it to 1:2 if it is a nice trade and I feel the market is in my favor as you can see from the trades placed in the picture (and I use that method for any commodity / chart and timeframe). I use the close of the white candle and then (since they are trades going short) I use the upper Donchian Channel as my stop loss.
I personally like to have the lines and labels turned off and enable all other options. Labels are just there to really stand out so you don't miss the white candle indication for a trade. OH! Also, I've had comments from friends that the white candles are hard to see, I turn off my candle borders in settings; makes it super easy to see them then. I turn lines off as the fill does the job well enough and it seems cleaner in my eyes.
If you'd like to see this picture on your chart, it is Micro E-Mini S&P 500 Futures from July 10, 2022 @ 18:00 on the 1-min chart.
just now
Update 2:
- Added day trading time highlights
- Added ranging market indicator (This I'm still working on so use at your own discretion, it's intended purpose is to tell when the Donchian Channels are not going to give great signals and to use a ranging indicator instead)
- Added multi-timeframe trend screener (handy if you want to quickly see the trend direction (based on the Trend EMA you set) of several time frames without having to change charts). It will draw in the bottom right of the chart.
