3Commas Bot DCA Backtester & Signals FREEThis is a DCA Strategy backtester + signals, built to emulate the 3Commas DCA bots. It uses your choice of 4 different buy signals, 2 of which can be adjusted in the settings. Everything is customizable so you can backtest specific settings with different buy signals and find the best performing strategy for your risk tolerance and capital. It can be used to backtest strategies on stocks as well, but just make sure your base order is larger than the share price for the entire backtesting range or it will not calculate properly.
You can use this template to code your own buy signals and then backtest them as a DCA strategy if you know some basic pine script.
The indicator shows all of your backtesting orders on the chart. The red line is your take profit level, the blue line is your average price level, the white line is your first order and the green lines are your average down orders. If you enable a stop loss in the settings your stop loss will be shown as an orange line once all of your average down orders have been hit, it will not be set until price has dipped below your covered trading range.
These levels update when things change during backtesting so you can visualize your strategy and how it would perform as well as see if your percentage deviation is large enough to cover dips. When backtesting trades are taken, the chart will show where they were taken(in backtesting) along with info on those trades such as the number each order is, the size of that order and the percentage deviation that order is from the initial buy.
SENDING SIGNALS TO 3COMMAS
Tradingview cannot sync this backtester to 3Commas and with the way alerts are setup for strategies on Tradingview, the best option for you to give signals to your bot would be to use this backtester to figure out what trigger you want to use and then setup that indicator separately to send alerts to your bot. All of the indicators used for signals in this backtester are available for free and can be configured to match this backtester and send alerts to 3Commas for you. Just make sure you set your alerts to once per bar close and don’t use less than a 15 second timeframe because then you could trigger the Tradingview threshold for alerts and get your alerts shut off.
You can also use this backtester with your own buy triggers if you know a little pine script. Just make copy of the script and code in your own buy signals and see how it backtests.
INFO PANEL FOR ANALYZING YOUR STRATEGY
The right hand side of the screen will show an info panel that shows a lot of different information so you can quickly see your bot settings and how it performed right on the screen.
In the top right corner you will see in purple your bot settings. These include your stoploss % if turned on, take profit %, average down order %, average down order % multiplier, volume multiplier, max number of orders allowed and size of your base order.
The top section of the first column “Current Trade” shows these stats: the open trade’s average price, the open trade’s take profit price, the open trade’s PNL, how far price is from your open tarde’s take profit level in percentage, your open position size and number of open orders.
The bottom section of the first column “Overall Performance” shows these stats: total number of trades taken during backtesting range, the largest amount of trades that were open at one time during backtesting, the max drawdown, the average number of bars per trade, gross profit, net profit, percent profit from your initial capital, current portfolio value and your initial capital.
CUSTOMIZABLE OPTIONS TO FIND THE PERFECT STRATEGY
Stoploss On/Off
This will turn your stoploss on or off. By default it is set to off and will not affect anything unless turned on.
Stoploss Percentage
This is the percentage below your final average down order price that will be set as a stoploss to keep your account from going too far in the red on big dips.
Take Profit Percentage - This is the percentage of profit you want the trade to hit before taking profit on your entire DCA trade. This level updates everytime you average down.
Average Down Percentage - This is the percentage that price has to drop from your initial order to initiate your first safety order. If the Average Down Percent Multiplier is set to 1 then this percentage will be the same for every average down order.
Average Down Percentage Multiplier - This multiplies your Average Down Percentage so each safety order needs a larger percentage deviation than the previous one. This keeps your buys closer together at the beginning and further apart when you hit more orders so you can extend your trading range but still be aggressive when price is going sideways.
Volume Multiplier Per New Order - This multiplies the size of each trade based on your base order. If you set it to a 2x multiplier then each average down order will be 2 times the size of the last one. So for example, a $100 base order with a 2x multiplier would have these values for the first 3 average down orders: 200, 400, 800.
Size Of Base Order - This is the size of your first position entry and will be used as a starting point for the volume multiplier. If your base order is $100 then it will buy $100 worth of whatever crypto you are backtesting this on. If you are looking at stock charts, you need to make sure your base order is higher than the share price across the entire backtesting range or it will not perform correctly.
Max Number Of Orders - This is the maximum number of orders the bot can take, including your base order. Adjust this to suit the amount of capital you are willing to allocate to your bot based on how much money it will require to run according to your bot settings.
TIPS ON HOW TO USE FOR BEST RESULTS
If you don’t have a lot of capital to work with, then use longer timeframes with a reasonable take profit percentage so that you don’t need a lot of average down orders. You can also try keeping the volume multiplier close to 1.
You can use the 3Commas dca bot settings page to see how much capital you will need for your strategy if you match it to the settings you have on this indicator. You can also check to see how much of a percentage deviation your bot is covering to make sure you have a reasonable range to trade in and orders to cover big dips. You can also check your coverage by seeing how far down the chart the green lines cover, which are your average down orders.
Make sure the initial capital in the properties tab of the settings has enough to cover all of your orders otherwise you will get unrealistic backtesting results. Also, make sure you leave the order size in the properties tab on contracts so it calculates your trades correctly. The only settings you need to touch in the properties tab is the initial capital. Unless you are trading somewhere that has lower commission fees, then you can change that to match, but leave all the other settings as is for it to function properly.
Increasing the volume multiplier will make your average price and take profit target follow the price action a lot closer as price falls, but it can also lead to having very large orders very quickly once you get into the 1.5-3x multiple range. Try using a high volume multiplier with less safety orders and you will get better results, however you need to have money on the sidelines to add on major dips to keep your bot turning a profit. Be very careful with this as greed and impatience will hurt your overall performance. This bot is meant to make money with lots of small wins so don’t get greedy and make sure you have enough money to cover large dips. If you are being aggressive with your bot, then I recommend only using 25% or less of your portfolio to trade aggressively and then use the smart trade feature on 3commas to add chunks of funds to your trades when price dips below your last safety order. Or if you want it to run without any supervision, then use lower volume multipliers and have lots of safety orders that can cover entire bear markets and still keep buying lower.
It’s a good idea to have some capital on the sidelines that you can add in when price dips quickly. This will help lower your average price and allow your bot to get out in profit quicker. 3Commas bot has a smart trade feature that will allow you to track your average price when adding extra funds and it will automatically update your other orders which is very convenient. Look at the longer timeframes when price dips and only add chunks at major areas where price is very likely to bounce. Or you can be aggressive when trading and add to your position when price dips and is at a likely bounce zone to maximize profits.
Only trade coins that have a good amount of liquidity as the larger your orders get, the harder it will be to sell if there isn’t much liquidity. Also, beware of how large your first order is as it will usually be a market order and can move the market if there is not much liquidity.
Since this bot takes a lot of trades and performs best when taking small profits consistently, you will need to factor in exchange fees. The bot is set to .5% commission(you can change this) on the buy and sell orders as most exchanges charge that amount. Some exchanges offer no fee trading on certain coins so be sure to look around for those so you can keep the commissions and maximize profits.
I strongly encourage you to try out a lot of different setting combinations across multiple different coins and do it across a few months to see how it would have performed under various market conditions. This will help you get a better idea of how much of a percentage deviation you’ll need to be able to cover to keep your bot running and making constant profits. You can also use the deep backtesting feature of the strategy panel to see how it would have done, but just beware that the info panel of the indicator will not reflect deep backtesting results, only the normal backtesting range.
MARKETS
This backtester can be used on any market including crypto, stocks, forex & futures. You just need to make sure your base order is larger than the share price when using this on things besides crypto.
TIMEFRAMES
This backtester can be used on all timeframes.
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ICT Index ScheduleNew ICT student here, decided to compile the daily schedule and salient levels for London and New York index sessions into one place to aid my learning – thought others might benefit from this too :)
The script works with whatever timezone setting, however make sure to change your timezone to New York time if you want to have the proper time-price alignment (I personally find it helpful when studying).
Here's a legend of all the elements displayed at once:
London only:
New York only:
// Couldn't find a comprehensive script with all the elements included, s/o to @the1dv for their Days of Week script.
Liquidity Heatmap (Nephew_Sam_)Liquidity Heatmap
This indicator plots a heatmap of resting liquidity above and below swing lows and multiple timeframes
The darker the color is or the larger the zone is, the more liquidity is lying there. If you think there are too many zones, you can increase the timeframes in the settings or just disable it.
Liquidity simply means orders such as stoplosses, buy/sell stops.
Disclaimer: You are free to use this code but your should be open source too
Automatic Order Block + Imbalance by D. BrigagliaThis script combines automatic orderblock and imbalance tracking.
Bullish OB - Blue
Bullish Imbalance - Green
Bearish OB - Red
Bearish Imbalance - Orange
Please note that the actual definitions of orderblock and imbalance are not respected in this script for the sake of simplicity. Scripts that are too complex may overfit some particular chart. Since there is no way to translate the actual ob and imb definitions into pinescript language, I decided to keep it simple.
Ideally, you want to see a bullish OB followed by buy side imbalance, or viceversa. OBs that are broken weakly are generally invalidated, ones that are broken strongly generally become breakers, and you can use them as good support/resistance levels.
Also, a good thing you can do when an OB and an imbalance match, is going in the lower timeframes and catching the structure reversal in the OB or imbalance zone. That may provide excellent RR trades. Always trade with OB that confirm the HTF trend.
Nothing in my content on tradingview is considerable investment advice.
[FrizLabz] FVGFVG indicator --
Allows your Charts to stay CLEAN for your T.A. by plotting the FVGs on top of the Candles inside of its Borders
FVGs can also be turned off and you can Remove the Bar Color only
Each FVG has a tooltip that you can hover your mouse over to get the (Type of FVG, Size, Top, Middle, Bottom, Time)
FVGs Using Plots so that they go all the way back in history you can have more than 500 on the chart
Uses 4 Plots to achieve this 4 are used to prevent the fill() from carrying over to the next bar if there are 2 FVGs
Can remove Bar Color - Theres no option to change Bar Color because it will cover up the FVG
Hope you guys Enjoy,
PVSRA Volume Price - Some people say "Price Action is King". I say, we cannot know how the MMs (Market Makers) will move price next, period. But price tends to consolidate above key SR when MMs are filling short orders for SM (Smart Money) and long orders for DM (Dumb Money), and price tends to consolidate below key SR when MMs are filling long orders for SM and short orders for DM. The MMs are also "SM", and they tend to do the other SMs "one better"! This means that after the MMs fill the SM/DM orders, they might move price a bit further in an attempt to stop out some of those SM executed orders and sucker in more DM; both giving liquidity for the MMs to add to their own SM side position. Yes, the MMs are bastards. But the point is that could leave price not "nicely" above or below a SR anymore, yet more consolidation can occur.
Volume - Increases in activity denote increase in interest. But, is it long or short interest? Where is price in the bigger picture when this is happening? Is it at relative highs, or lows in the overall price action? And if a high volume bar is for a candle which you can examine by going to lower TF charts, you might see where in the spread of that candle the most volume occurred, high or low! Using volume is about taking note of relative increases in volume and what price is doing at the same time. Are the better volumes favoring the lower or the higher prices, as the MMs waffle price up and down? And do the volumes get particularly notable when the MMs take price above or below key SR?
S&R - Read all about S&R at "Baby Pips.com". What I want you to realize here is that the whole, half and quarter numbered price levels (hereinafter referred to as "Levels") are the most important SR of all in this market! Not because price stops, pauses, proceeds or reverses there, but because it is above or below these levels that important consolidation (MMs filling SM orders) takes place. Once SM long orders are filled, they become interested in placing orders to close them at higher prices, and hence the MMs will be moving price higher, eventually. Once SM short orders are filled, they become interested in placing orders to close them at lower prices, and hence the MMs will be moving price lower, eventually.
PVSRA - If we can spot consolidations above/below key SR, examine the overall price action on various TF charts, and take note of where the notable increases in volume have most recently occurred (did volume favor relative highs or lows), then we can build a consensus about what kind of orders the MMs have most recently been filling; buying to open longs or close shorts, or selling to open shorts or close longs. And we can get a better idea if things will next become bullish or bearish. And once PA confirms our bullish or bearish PVSRA results, by recognizing the importance of Levels we can look beyond current PA in the direction it is going and look to historic PA S&R (consolidation around key Levels) to come up with candidates for where the price might be headed. And bull or bear swings typically run in terms of 100+, 150+, 200+ pips, .....etc. And now you know why.
Okay. Now, if this is your first introduction to PVSRA, and having just read the above, you are likely scratching your head and still confused. That is normal. I will tell you a secret about the market and why you have a right to be confused. The secret is this. The market cannot be defined by mathematics nor by immutable logic. This is why the most advanced mathematicians over a century have never even come close to cracking the market. It cannot be done. Something else, other than math and immutable logic is the fundamental operand in the market. Have you ever watched a child attempt a jigsaw puzzle for the first time? And watched as that child grew and attempted more of them, and more complex ones? What is at work in the market I will elaborate on later, but for now trust me in this. We need to apply ourselves to learning how to do PVSRA just as a child attacks learning how to do jigsaw puzzles. And we must continue doing PVSRA, because in time our mind will "learn" when we have just picked up an important piece of the puzzle, and that we know where it goes! Developing the skill of PVSRA is an art form. We must not allow ourselves to feel badly if we miss clues. PVSRA is an art form that takes time to perfect. Over time our skill will grow and our "read" of the unpredictable market will improve. We must take to ongoing learning and application of PVSRA.
Introduction to How the Market Really Works
Does anybody remember the "lil' Abner" cartoons in the Sunday papers? Let me draw for you a mental picture of how the market really works.....
Imagine Daddy Yokum ferociously racing a buckboard wagon up and down the steep inclines and declines in the rough, rocky mountain road that has sharp turns and a sheer cliff on one side. The wagon wheels are spewing rocks off the side of the cliff! Even Daddy Yokum's shotgun is going off due to the jolting of the buckboard! Daddy Yokum has a demented look on his face, but he is smiling! The horse has a wild look in it's eyes and is frothing at the mouth. There are two passengers being tossed around in the back of the buckboard, terror stricken! Now, let's pan back from this cartoon picture and place the labels needed. On the side of the wagon is the sign "Market Pricing". The demented, smiling Daddy Yokum, is the Market Maker. The passengers being tossed around are the buyers and sellers.
.....Got it? Market prices are not determined by the buyers and sellers. They are determined by the Robber Bank Market Makers (MMs).
MMs are Market Manipulators of Price, and Thieves!
The "market" is the sole creation of the Robber Banks that "make the market". While it serves the world of commerce, they run it to make profits. And they opened the market up to foster prolific currency trading by others for the sole purpose of making more profits. They move prices up and down to "create liquidity" to fill the orders of SM (Smart Money) and DM (Dumb Money), for the commissions they make by filling the orders. When they have some orders above the current price and some below the current price, who do you think determines the sequence of direction and distance the price is going to move so these orders can be filled? And always - since they know how they are going to move price next - they take positions themselves to make additional profits.
They do this by:
1. Manipulating price to sucker into the market DM that is taking the wrong side position.
2. Manipulating price to sucker into the market SM that is taking the right side position, but too soon, and later manipulating price to hit their stops.
They have total control of pricing, and by these actions they effectively "steal" from others the money to fill their own "right side" positions before moving the price to the next area they have decided on for filling orders, and for taking profit on their positions built beforehand. Don't get me wrong. I do not object to the market volatility these thieving Robber Banks create. We need it. But we also need to understand what these people are like, the cloth they are cut from. They are crooks, and we have to be extra careful about trading in the market they operate. On some special days you can see them in their true colors. We should witness it. Take note of it. Speak of it. And remember it!
Bitfinex Spot PremiumOverview
A tool to display the spot price premium of Bitfinex coins vs the other big 3 exchanges.
Premium is calculated against:
- Coinbase
- Binance
- FTX
The average is calculated through volume weighting. The absolute difference between the Bitfinex spot price and the calculated average is then displayed on the histogram.
Interacting with the tool
Colours: Green bars indicate a positive premium (Bitfinex spot price is greater than the average), Red bars indicate a negative premium. The ability to grey out smaller premiums is also enabled with the "Grey Small Vals" checkbox, this can be used to further emphasise larger premiums.
Ticker: The ticker input allows you to detect the Bitfinex premium for any coin traded within all 4 exchanges (Bitfinex, Coinbase, Binance, FTX). Just input the coins ticker symbol, for example, "BTC", "ETH", "UNI".
Indicator Ideology
Bitfinex is known for being the home of crypto "smart money". Therefore, positive premiums indicate stronger buying from "smart money". Although this premium is a good sign of bullish/ bearish market conditions, for example, consecutive days of a negative Bitfinex premium have been pretty good at indicating short term tops in BTC, this indicator should only be used as a confirmation signal.
Sniper DragonThis indicator improvement from Indicator | MCDX
I make some revise with adding rsi line and range. Also, hardcoded sensitive value to the rsi base, period etc.
Sniper Dragon created for help trader to identify smart money and momentum using RSI .
The rsi base also hard coded with sensitive rsi value that will get accurate value.
How to use this indicator:-
Histrogram Color legend
1. Green Color - Retailers
2. Yellow Color - Institution
3. Red Color - Smart Money
- the more red color in one bar is prefer for long position
- full yellow color indicate will good for mid position or short term position.
- if more green color then red and yellow indicate that the price likely going down. need to be careful here. the seller is in overpower.
- if more red color increasing, its indicate that the buyers momentum come in. A powerful buying interest.
Black Line RSI using RSI 9
- help trader to indentify current momentum.
- RSI range area already scale to fit in with the histogram.
- RSI scale range:-
- RSI 40-50 : signal overbought. standby for sell
- RSI 25-35 : indecision signal. might sideway. if before got above 35 can buy.
- RSI 0-15 : signal oversold. standby for buy
Horizontal Line Range
- red line :- indicate max range for the momentum. need to standby to sell.
- green line:- indicate lower min range for the momentum. can ready for buy if black line cross up the horizontal range.
L1 Moving Average Fingerprint for Long EntryLevel: 1
Background
This script combines moving average processing with highest high and lowest low to disclose the "fingerprint" of a specific trading pair to describe its unique behavior.
Function
Moving Average Fingerprint for Long Entry is a Level 1 pine script. It utilize several moving average of inherent highest high and lowest low and combine them with customized fingerprint coefficients to depict the unique behavior of a specific trading pair across multiple markets for long entry point identification.
Key Signal
FingerPrint1~6 are basic-level fingerprints with moving average of highest high and lowest low.
FingerPrint7~8 are composite fingerprint definitions with coefficients/weights,where coefficients/weights need to be tuned to discover the inherent "fingerprint" of a specific trading pair.
FingerPrint10~12 are composite fingerprint calculation for long entry alerts
ReadytoLong is a long entry filter where long entry point may happen within it. By using crossover() function to a customized threshold value, you can define accurate long entries.
Pros and Cons
Pros:
1. Combine moving average and extreme points to disclose a trading pair behavior.
2. Smart to tune specific set of parameters to obtain unique fingerprints of trading pairs.
3. Smart position sizing scheme by adjusting the threshold values.
Cons:
1. Require tune input parameters for each trading pair in a specific period and time frame.
2. Only long entry was studied, no short entry and re-entry are available yet to form as a trading system.
3. "ReadytoLong" is an inaccurate range where multiple long entries may happen at improper points in chop market.
4. Complex input parameters to obtain a unique fingerprint set.
Remarks
Although I wrote pine script for more than two years, this is the first script published in the community. I will publish more with my works in this platform.
Hope the community can improve this concept and make it as a trading system.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
Effort v RewardThis is the same as my Effort v Reward script but instead is an overlay that changes the background color rather than using a pane at the bottom. A little less info but more at a glance.
Best strategy for TradingView (fake)Hello everyone! I want to show you this strategy so you don't fall for the tricks of scammers. On TradingView, you can write an algorithm (probably more than one) that will show any profit you want: from 1% to 100,000% in one year (maybe more)! This can be done, for example, using the built-in linebreak () function and several conditions for opening long and short.
I am sure that sometimes scammers show up on TradingView showing their incredible strategies. Will a smart person sell a profitable quick strategy? When a lot of people start using the quick strategy, it stops working. Therefore, no smart person would sell you a quick strategy. It is acceptable to sell slow strategies: several transactions per month - this does not greatly affect the market.
So, don't fall for the tricks of scammers, write quick strategies yourself.
About this strategy, I can say that the linebreak () function does not work correctly in it. Accordingly, the lines are not drawn correctly on the chart. They are drawn in such a way as to show the maximum profit. I watched this algorithm on a 1m timeframe - no lines are drawn in real time. This is a fake!
NYSE Volume UP FLOW VS Down FLOW ULTIMATE VOLDNYSE Volume UP FLOW VS Down FLOW ULTIMATE StokedStocks
BASED OFF THE VOLD INDEX
The VOLD (also $VOLD) is the difference between the up volume and down volume on the NYSE. i.e. NYSE $UVOL minus $DVOL; the net up volume.
If you consider that VOLD is the net value between UVOL (up volume) and DVOL (down volume) then you need to understand these two to understand VOLD.
UVOL or DVOL are a total of the volume on all stocks that are up or down in price. Up or down is based on the previous session's closing price. The size of the stock's price change is irrelevant.
If the stock is up only $.01, then its volume is grouped into the UVOL total. If that stock's price then drops by $.02 it will be down $.01 and the day's volume for that stock will now be grouped with the DVOL total.
Note that when a stock moves from being an up stock to a down stock its volume will be removed from the UVOL total and added to the DVOL total. Say the stocks volume is 1 million shares when it moves from up to down. The DVOL will increase by 1 million and the UVOL will decrease by 1 million which means that VOLD will decrease by 2 million.
NYSE Up/Down Volume Ratio is often used as a barometer for stocks trading on all U.S. Exchanges even though it is calculated based on stocks listed on the New York Stock Exchange.
NYSE Up/Down ratio represents the volume of NYSE stocks that are advancing divided by the volume of declining stocks.
The volume of advancing stocks or upside volume is the sum of the volume or the number of shares traded associated with stocks that closed higher.
The downside volume is the total number of shares traded that are associated with stocks that closed lower.
The interpretation of the NYSE Up/Down ratio is rather simple. A value higher than one indicates that there is more volume associated with up stocks than with down stocks and it is usually interpreted as a bullish signal.
Obviously, a bearish signal occurs when the NYSE Up/Down ratio is lower than one, which tells us that there are more volume associated with down stocks than with up stocks.
Check out my other indicators and website stokedstocks.wordpress.com for tons of free stock training books and pictures and settings
Market BuySell RatioA script using 1m small candle size (configurable) to compute the volume of buy (up) vs sell (down) candles (instead of actual market buy vs sell orders which are not available in pine script).
It then plots the buy vs sell ratio as an oscillator below the cart.
This gives traders an idea of current order flow in the market.
To compute the small candles this script uses the "Smart Volume" script which can be found here:
CCI Extreme and OBV DivergenceThis is my second set of two indicators combined utilize Multi time frame analysis of 5 minutes and 15 minutes.
CCI:
Green = uptrending
Red = downtrending
Bright Green = overbought, look to go SHORT
Bright Red = oversold, look to go LONG
OBV:
this use to predict the market direction buy drawing trend line.
It is also very good indicator to sport Smart Money moment. When price move higher but OBV trend lower, smart money is taking profit and reversing their position, look to go Short to you spot this type of divergence.
Also else already not there is no holy grail indicator so I also use this set of indicator to improve the signal
Multi-Oscillator - James ChewMulti-Oscillator Confluence Trading System
This is a multi-timeframe momentum confluence indicator that combines five popular oscillators to identify high-probability oversold and overbought conditions for scalping and short-term trading.
🔍 What It Does:
Core Concept:
Instead of relying on a single oscillator (which can give false signals), this system waits for multiple momentum indicators to agree before signaling entry or exit points. It's based on the trading principle that "confluence increases probability."
The Five Oscillators:
Stochastic %K (14) - Classic momentum oscillator
Williams %R (14) - Price position within recent range
Williams %R (52) - Longer-term price position for trend context
Williams %R (13) - Shorter-term price position for precision timing
Money Flow Index (14) - Volume-weighted momentum indicator
📊 Signal Types:
Buy Signals:
🟢 Early Warning = 4 out of 5 indicators show oversold conditions
🟡 Strong Buy = All 5 indicators are simultaneously oversold
Sell Signals:
🟠 Take Profit Warning = 4 out of 5 indicators show overbought conditions
🔴 Strong Sell = All 5 indicators are simultaneously overbought
🎯 Best Use Cases:
Perfect For:
Scalping on 1-15 minute charts
Mean reversion trading in ranging markets
Confluence confirmation with support/resistance levels
Risk management - knowing when NOT to trade
Trading Scenarios:
Crypto/forex markets with high volatility
Index futures during active trading hours
Any liquid market with clear oscillations
🧠 The Psychology Behind It:
Why It Works:
Reduces false signals by requiring multiple confirmations
Catches market extremes when multiple momentum measures agree
Provides early warnings so you can prepare for setups
Clear exit signals to lock in profits before reversals
The Edge:
Most traders use single indicators and get whipsawed. This system waits for "consensus" among multiple momentum measures, significantly improving win rates at the cost of fewer total signals.
📈 Typical Performance Characteristics:
Higher win rate (60-75%) due to confluence requirement
Fewer signals but higher quality setups
Best in volatile, ranging markets
Struggles in strong trending conditions (like most oscillators)
In essence, it's a "smart" oversold/overbought detector that reduces noise and increases signal quality for short-term traders.
Please do your own testing before using this script for actual trading.
- James
ICT – Sweep + FVG + Displacement The ICT (Inner Circle Trader) strategy is a sophisticated trading philosophy rooted in institutional market behavior. It revolves around understanding how large players manipulate price to trigger retail stop-losses, create liquidity, and execute their orders. At its core, ICT focuses on market structure, identifying Higher Highs, Lower Lows, and shifts that signal potential reversals. Key concepts include Order Blocks—zones where institutions placed significant orders—and Fair Value Gaps (FVG), untraded areas that price tends to return to. The Liquidity Grab is a crucial phase: price sweeps through key levels to trap retail traders before reversing. Traders use higher timeframes (H4/H1) for structure analysis and lower ones (M15/M5) for precise entries. Entries occur after a Market Structure Shift, confirmed by FVG fill or OB retest, with strict risk management. A minimum 3:1 risk-reward ratio ensures long-term profitability. The strategy demands deep market awareness, patience, and discipline. It’s not about indicators, but about reading the "invisible hand" of the market—where supply and demand meet, and where smart money moves. For advanced traders, ICT offers a window into the true mechanics of price action, transforming trading from speculation into strategic insight. It’s not just a method—it’s a mindset.
Statistical FootprintStatistical Footprint - Behavioral Support & Resistance
This indicator identifies key price levels based on actual market behavior rather than traditional pivot calculations. It analyzes how bulls and bears have historically moved price from session opens, creating statistical zones where future reactions are most likely.
The concept is simple: track how far bullish candles typically push above the open versus how far bearish candles drop below it. These patterns reveal the market's behavioral "footprint" - showing where momentum typically stalls and reverses.
Key Features:
- Separate analysis for daily and weekly timeframes
- Smart zone merging when levels cluster together (within 5 points)
- Uses both mean and median calculations for more robust levels
- XGBoost-optimized lookback periods for maximum statistical significance
- Clean zone-only display focused on actionable price areas
How it Works:
The code separates bullish and bearish sessions, measuring their typical range extensions from the open. It then projects these statistical ranges forward from current session opens, creating "behavioral zones" where the market has historically shown consistent reactions.
When daily and weekly levels align closely, they merge into combined zones with enhanced significance. Labels show both the mean and median values when they differ meaningfully.
Best Used For:
- Identifying high-probability reversal zones
- Setting profit targets based on historical behavior
- Understanding market sentiment shifts at key levels
- Confluence analysis between different timeframes
The lookback periods have been optimized using machine learning to find the most predictive historical sample sizes for current market conditions.
Session Open Candle MarkerThe "Session Open Candle Marker" is a Pine Script indicator designed for forex and futures traders using Smart Money Concepts (SMC) and RP Profits-inspired strategies. It marks the 15-minute opening range candles for the Asia, London, and NY sessions, where institutional "big players" often gather liquidity. Each session’s range is drawn as a rectangle with a customizable midpoint line, ideal for spotting breakouts, retests, and liquidity sweeps.
Features
Session Open Ranges: Plots rectangles for the 15m open candles of Asia (03:00 EEST), London (10:00 EEST), and NY (15:00 EEST), corresponding to 01:00, 08:00, and 13:00 GMT+1.
Customizable Visualization:
Toggle each session (Asia, London, NY) on/off.
Independent high/low label toggles for each session.
Adjustable rectangle color, midpoint line color, style (solid/dashed/dotted), and width.
Customizable rectangle duration (default: 96 bars, ~24 hours on 15m).
Timezone Flexibility: Default times are set for EEST (UTC+3). Adjust session inputs for your chart’s timezone (e.g., GMT+1: Asia 01:00, London 08:00, NY 13:00; UTC: Asia 00:00, London 07:00, NY 12:00).
Clean Design: Rectangles and labels update dynamically, with proper cleanup to avoid clutter.
Usage:
Setup: Add to a 15m chart (e.g., EURUSD, ES1!). Check your chart’s timezone (Chart Settings > Symbol > Timezone) and adjust session times if needed.
Settings:
Toggle sessions and labels to focus on desired ranges (e.g., London and NY for high volatility).
Customize colors, midpoint line style/width, and rectangle duration.
Trading:
Breakouts/Retests: Trade breakouts above/below the rectangle high/low, with retests back to the range or midpoint (aligned with RP Profits scalping).
Liquidity Sweeps: Watch for price sweeping session highs/lows, reversing for entries (SMC concept).
Prev RTH FibsThis study captures the previous day’s Regular Trading Hours (RTH) range (default 09:30–16:00 America/New_York), then projects it onto the current session. It draws HIGH, LOW, and an optional 50% midpoint, plus a configurable set of inside fib-style percentages measured from the HIGH downward. Every level extends a short distance to the right of the current price and shows a clean numeric label (no box) on the right edge.
Key features
Prev-day RTH range tracked automatically; plotted each new session.
Inside levels (from HIGH ↓): 11%, 25%, 29.5%, 38.2%, 45%, 55%, 62% (OTE), 70.5%, 75%, 78.6%, 85% (toggle any on/off).
Clean right-side labels: numbers only, resizable (Tiny → Huge) with transparent background.
Line styling: HIGH/LOW and 50% are solid; inside levels can be Solid/Dashed/Dotted with independent color/width.
Smart right padding: lines/labels extend a few bars past the latest candle, so annotations stay beside price without violating TradingView’s “>500 bars in future” rule.
Works on any symbol/timeframe; RTH window and timezone are adjustable.
Inputs you control
Session: RTH session string and timezone.
Right-side padding (bars) and number size.
Visibility & style for HIGH, LOW, and 50%.
Which inside levels to show, plus their style/color/width.
Swing Points - Liquidity DR📌 Description
This indicator highlights swing points and liquidity levels with clean visuals and flexible options. It automatically detects significant highs and lows, then plots liquidity zones using customizable lines, boxes, and labels. Volume and Open Interest Δ (OI Δ) filters are integrated to validate the strength of each level.
⚙️ Features
Liquidity boxes plotted at swing highs and lows with customizable colors and styles.
Toggle visibility for lines, boxes, and labels to keep charts clean.
Filter swing levels using Volume thresholds and Open Interest Δ polarity (positive/negative).
Multi-exchange OI data support: Binance, BitMEX, Kraken.
Extend until fill or auto-remove levels once price interacts with them.
Dark/Light theme support with full text/label styling controls.
Lookback filter (days) to limit displayed levels for clarity.
🎯 Use Cases
Identify liquidity pools where price is likely to react.
Track smart money behavior around highs and lows.
Combine volume + OI confirmation to focus only on high-value zones.
Stop Hunt Magnet Heatmap [mqsxn]The Stop Hunt Magnet Heatmap visualizes where clusters of equal highs and lows have formed, creating “magnet zones” of liquidity that price is often drawn toward. These zones represent the stop-loss pools of retail traders which is where smart money loves to hunt.
The script automatically detects these liquidity pockets and paints them as dimmed green (above highs) and dimmed red (below lows) zones on your chart. With its Bookmap-style evolving mode, you can watch the liquidity map accumulate historically as if the heatmap were run at every candle, giving you a unique visual edge on potential stop hunts.
✨ Features
Automatic liquidity detection based on swing highs/lows.
Granularity control to merge nearby levels into stronger zones.
Dynamic thickness to control zone visualization.
Price range limiter to keep the chart clean and focused.
Evolving Heatmap mode (Bookmap-style accumulation across history).
Full-Chart mode to stretch current magnets across the whole chart window.
Dimmed visuals so it blends seamlessly into your chart background.
⚙️ Inputs & Settings
Core Settings
- Swing Lookback (bars left/right): Defines how many candles to the left/right must confirm a -pivot high/low.
-Min Touches to Qualify: Minimum times a level must be tested before it is considered a magnet.
- Extend Heatmap Bars: How far forward to extend the drawn boxes/lines when not in full-chart or evolving mode.
-Level Granularity (ticks): Rounds detected levels to a grid of N ticks; merges nearby equal highs/lows.
- Zone Thickness (half-height, ticks): Vertical half-height of each magnet zone.
Scope Limits
- Limit price range to last N bars: Only generate magnets within the high/low window of the last N bars (avoids far-away levels).
Full-Chart Paint
- Paint CURRENT magnets across whole window: When enabled, extends current detected magnets all the way across the chart window.
- Full-Chart: draw back N bars: Defines how far back the full-chart magnets stretch.
Evolving Heatmap (per-bar)
- Accumulate heatmap per bar (Bookmap-style): When enabled, freezes liquidity zones from the moment they are detected and accumulates them over time, creating a historical heatmap.
- Evolving: keep at most last N bars of history: Limit how many bars back the evolving map is retained to avoid clutter and improve performance.
Visuals
- Liquidity Above Highs (Dimmed): Color for bullish stop-hunt zones (default lime, faint).
- Liquidity Below Lows (Dimmed): Color for bearish stop-hunt zones (default red, faint).
- Line Style: Choose how the outline of each zone is drawn (solid, dotted, dashed).
Follow @mqsxn for more!
Find more of my indicators and strategies in my Discord (7 day free trial): whop.com
Apex Edge - London Open Session# Apex Edge - London Open Session Trading System
## Overview
The London Open Session indicator captures institutional price action during the first hour of the London forex session (8:00-9:00 AM GMT) and identifies high-probability breakout and retest opportunities. This system tracks the session's high/low range and generates precise entry signals when price breaks or retests these key institutional levels.
## Core Strategy
**Session Tracking**: Automatically identifies and marks the London Open session boundaries, creating a trading zone from the first hour's price range.
**Dual Entry Logic**:
- **Breakout Entries**: Triggers when price closes beyond the session high/low and continues in that direction
- **Retest Entries**: Activates when price returns to test the broken level as new support/resistance
**Performance Analytics**: Built-in win rate tracking displays real-time performance statistics over user-defined lookback periods, enabling data-driven optimization for each currency pair.
## Key Features
### Automated Zone Detection
- Precise London session timing with timezone offset controls
- Visual session boundaries with customizable colours
- Automatic high/low range calculation and display
### Smart Entry System
- Breakout confirmation requiring candle close beyond zone
- Retest detection with configurable pip distance tolerance
- Separate risk/reward ratios for breakout vs retest entries
- Visual entry arrows with clear trade direction labels
### Performance HUD
- Real-time win rate calculation over customizable periods (7-365 days)
- Total trades tracking with win/loss breakdown
- Average risk-reward ratio display
- Color-coded performance metrics (green >70%, yellow >50%, red <50%)
### PineConnector Integration
- Direct MT4/MT5 execution via PineConnector alerts
- Proper forex pip calculations for all currency pairs
- Customizable risk percentage per trade
- Symbol override capability for broker compatibility
- Automatic SL/TP level calculation in pips
## Critical Usage Requirements
### Pair-Specific Optimization
Each currency pair requires individual optimization due to varying volatility characteristics, institutional participation levels, and typical price ranges during London hours. The performance HUD is essential for identifying optimal settings before live trading.
**Recommended Testing Process**:
1. Apply indicator to desired currency pair and timeframe
2. Experiment with session timing - while 8:00-9:00 AM GMT is standard, some pairs may show improved performance with alternative hourly windows (e.g., 7:00-8:00 AM or 9:00-10:00 AM)
3. Adjust Stop Loss distances, Risk/Reward ratios, and Retest distances
4. Monitor win rate over 30+ day periods using the performance HUD
5. Only proceed with live alerts once consistent 60%+ win rates are achieved
6. Create separate optimized chart setups for each profitable pair/timeframe combination
### Timeframe Specifications
This indicator is specifically designed and tested for:
- **1-minute charts**: Optimal for capturing immediate institutional reactions
- **5-minute charts**: Balanced approach between noise reduction and opportunity frequency
Higher timeframes generally produce inferior results due to increased noise and reduced institutional edge during the London session window.
## Settings Configuration
### Session Timing
- **London Open/Close Hours**: Adjust for your chart's timezone
- **Rectangle End Time**: Set to 4:30 PM to stop signals before NY session close
- **Timezone Offset**: Ensure accurate London session capture
### Entry Parameters
- **Retest Distance**: 3-8 pips depending on pair volatility
- **Stop Loss Pips**: Separate settings for breakouts (10-15 pips) and retests (8-12 pips)
- **Risk/Reward Ratios**: Independent ratios for different entry types
### PineConnector Setup
- **License ID**: Your PineConnector license key
- **Symbol Override**: MT4/MT5 symbol names if different from TradingView
- **Risk Percentage**: Position size as percentage of account balance
- **Prefix/Comment**: Organize trades in terminal
## Manual Trading Limitations
Without PineConnector automation, traders face significant practical challenges:
**Settings Management**: Each currency pair requires different optimized parameters. Switching between charts means manually adjusting multiple settings each time, creating potential for errors and missed opportunities.
**Timing Sensitivity**: London Open signals can occur rapidly during high-volatility periods. Manual execution may result in slippage or missed entries.
**Multi-Pair Monitoring**: Tracking 4-11 currency pairs simultaneously while manually adjusting settings for each switch becomes impractical for most traders.
**Parameter Consistency**: Risk of using suboptimal settings when quickly switching between pairs, potentially compromising the careful optimization work.
## Recommended Workflow
1. **Historical Testing**: Use win rate HUD to identify profitable pairs and optimal parameters
2. **Demo Automation**: Test PineConnector alerts on demo accounts with optimized settings
3. **Live Implementation**: Deploy alerts only on proven profitable pair/timeframe combinations
4. **Ongoing Monitoring**: Regular review of performance metrics to maintain edge
## Risk Disclaimer
This indicator provides analysis tools and automation capabilities but does not guarantee profitable trading outcomes. Past performance does not predict future results. Users should thoroughly backtest and demo trade before risking live capital. The London session strategy works best during specific market conditions and may underperform during low volatility or unusual market environments.
## Support Requirements
Successful implementation requires:
- Basic understanding of London session market dynamics
- PineConnector subscription for automation features
- Patience for proper optimization process
- Realistic expectations about win rates and drawdown periods
This system is designed for serious traders willing to invest time in proper optimization and risk management rather than plug-and-play solutions.
Sunmool's Silver Bullet Model FinderICT Silver Bullet Model Indicator - Complete Guide
📈 Overview
The ICT Silver Bullet Model indicator is a supplementary tool for utilizing ICT's (Inner Circle Trader) market structure analysis techniques. This indicator detects institutional liquidity hunting patterns and automatically identifies structural levels, helping traders analyze market structure more effectively.
🎯 Core Features
1. Structural Level Identification
STL (Short Term Low): Recent support levels formed in the short term
STH (Short Term High): Recent resistance levels formed in the short term
ITL (Intermediate Term Low): Stronger support levels with more significance
ITH (Intermediate Term High): Stronger resistance levels with more significance
2. Kill Zone Time Display
London Kill Zone: 02:00-05:00 (default)
New York Kill Zone: 08:30-11:00 (default)
These are the most active trading hours for institutional players where significant price movements occur
3. Smart Sweep Detection
Bear Sweep (🔻): Pattern where price sweeps below lows then recovers - Simply indicates sweep occurrence
Bull Sweep (🔺): Pattern where price sweeps above highs then declines - Simply indicates sweep occurrence
Important: Sweep labels only mark liquidity hunting locations, not directional bias.
🔧 Configuration Parameters
Basic Settings
Sweep Detection Lookback: Number of candles for sweep detection (default: 20)
Structure Point Lookback: Number of candles for structural point detection (default: 10)
Sweep Threshold: Percentage threshold for sweep validation (default: 0.1%)
Time Settings
London Kill Zone: Active hours for London session
New York Kill Zone: Active hours for New York session
Visualization Settings
Customizable colors for each level type
Enable/disable alert notifications
📊 How to Use
1. Chart Setup
Most effective on 1-minute to 1-hour timeframes
Recommended for major currency pairs (EUR/USD, GBP/USD, etc.)
Also applicable to cryptocurrencies and indices
2. Signal Interpretation
🔻 Bear Sweep / 🔺 Bull Sweep Labels
Simply indicate liquidity hunting occurrence points
Not directional bias indicators
Reference for understanding overall context on HTF
🟢 Silver Bullet Long (Huge Green Triangle)
After Bear Sweep occurrence
Within Kill Zone timeframe
Current price positioned above swept level
→ Actual BUY entry signal
🔴 Silver Bullet Short (Huge Red Triangle)
After Bull Sweep occurrence
Within Kill Zone timeframe
Current price positioned below swept level
→ Actual SELL entry signal
3. Risk Management
Use swept levels as stop-loss reference points
Approach signals outside Kill Zone hours with caution
Recommended to use alongside other technical analysis tools
💡 Trading Strategies
Silver Bullet Strategy
Preparation Phase: Monitor charts 30 minutes before Kill Zone
Sweep Observation: Identify liquidity hunting points with 🔻🔺 labels (reference only)
Entry: Enter ONLY when huge triangle Silver Bullet signal appears within Kill Zone
Take Profit: Target opposite structural level or 1:2 reward ratio
Stop Loss: Beyond the swept level
Important: Small sweep labels are NOT trading signals!
Multi-Timeframe Approach
Step 1: HTF (Higher Time Frame) Sweep Reference
Observe 🔻🔺 sweep labels on 4-hour and daily charts
Reference only sweeps occurring at major structural levels
HTF sweeps are used to identify liquidity hunting points
Reference only, not for directional bias
Step 2: Transition to LTF (Lower Time Frame)
Move to 15-minute, 5-minute, and 1-minute charts
Analyze LTF with reference to HTF sweep information
Use STL, STH, ITL, ITH for precise entry point identification
Structural levels on LTF are the core of actual trading decisions
Only huge triangle (Silver Bullet) signals are actual entry signals
Recommended Usage
Identify overall sweep occurrence points on HTF (🔻🔺 labels)
Use this indicator on LTF to identify structural levels
Reference only huge triangle signals for actual trading during Kill Zone
Small sweep labels (🔻🔺) are for reference only, not entry signals
📋 Information Table Interpretation
Real-time information in the top-right table:
Kill Zone Status: Current active session status
Level Counts: Number of each structural level type
⚠️ Important Disclaimers
Backtesting results do not guarantee future performance
Exercise caution during high market volatility periods
Always apply proper risk management
Recommend comprehensive analysis with other analytical tools
🎓 Learning Resources
Study original ICT concepts through free YouTube educational content
Research Market Structure analysis techniques
Optimize through backtesting for personal use
🔬 Technical Implementation
Algorithm Logic
Pivot Point Detection: Uses TradingView's built-in pivot functions to identify swing highs and lows
Classification System: Automatically categorizes levels based on recent price action frequency
Sweep Validation: Confirms legitimate sweeps through price action analysis
Time-Based Filtering: Prioritizes signals during institutional active hours
Performance Optimization
Efficient array management prevents memory overflow
Dynamic level cleanup maintains chart clarity
Real-time calculation ensures minimal lag
🛠️ Customization Tips
Adjust lookback periods based on market volatility
Modify kill zone times for different market sessions
Experiment with sweep threshold for different instruments
Color-code levels according to personal preference
📈 Expected Outcomes
When properly implemented, this indicator can help traders:
Identify high-probability reversal points
Time entries with institutional flow
Reduce false signals through kill zone filtering
Improve risk-to-reward ratios
This indicator automates ICT's concepts into a user-friendly tool that can be enhanced through continuous learning and practical application. Success depends on understanding the underlying market structure principles and combining them with proper risk management techniques.
