Advanced Support and Resistance Levels[MAP]Advanced Support and Resistance Levels Indicator
Author
Developed by:
Overview
The "Advanced Support and Resistance Levels" indicator, created, is a sophisticated tool designed for TradingView's Pine Script v6 platform. It identifies and plots key support and resistance levels on a price chart, enhancing technical analysis by incorporating pivot strength, volume weighting, and level decay. The indicator overlays lines, zones, and labels on the chart, providing a visual representation of significant price levels where the market has historically reversed or consolidated.
Purpose
This indicator, authored by , aims to:
Detect significant pivot points (highs and lows) with customizable strength requirements.
Track and rank support/resistance levels based on their recency, volume, and number of touches.
Display these levels as lines and optional zones, with strength-based visual cues (e.g., line thickness and opacity).
Offer flexibility through user-configurable settings to adapt to different trading styles and market conditions.
Features
Pivot Detection:
Identifies high and low pivots using a strength parameter, requiring a specified number of bars on either side where no higher highs or lower lows occur.
Incorporates closing price checks and SMA-based trend confirmation to filter out noise and ensure pivots align with the broader market direction.
Level Management:
Maintains a dynamic array of levels with attributes: price, type (support/resistance), bars since last touch, strength, and volume.
Merges nearby levels within a tolerance percentage, updating prices with a strength-weighted average.
Prunes weaker or older levels when exceeding the maximum allowed, prioritizing those with higher calculated strength.
Strength Calculation:
Combines the number of touches (strength), volume (if enabled), and age decay (if enabled) into a single metric.
Volume weighting uses a logarithmic scale to emphasize high-volume pivots without over-amplifying extreme values.
Age decay reduces the importance of older levels over time, ensuring relevance to current price action.
Visualization:
Draws horizontal lines at each level, with thickness reflecting the number of touches (up to a user-defined maximum).
Optional price zones around levels, sized as a percentage of the price, to indicate areas of influence.
Labels display the level type (S for support, R for resistance), price, and strength score, with position (left or right) customizable.
Line opacity varies with strength, providing a visual hierarchy of level significance.
Plots small triangles at detected pivot points for reference.
Inputs
Lookback Period (lookback, default: 20): Number of bars to consider for trend confirmation via SMA. Range: 5–100.
Pivot Strength (strength, default: 2): Number of bars required on each side of a pivot to confirm it. Range: 1–10.
Price Tolerance % (tolerance, default: 0.5): Percentage range for merging similar levels. Range: 0.1–5.
Max Levels to Show (maxLevels, default: 10): Maximum number of levels displayed. Range: 2–50.
Zone Size % (zoneSizePercent, default: 0.1): Size of the S/R zone as a percentage of the price. Range: 0–1.
Line Width (lineWidth, default: 1): Maximum thickness of level lines. Range: 1–5.
Show Labels (showLabels, default: true): Toggle visibility of level labels.
Label Position (labelPos, default: "Right"): Position of labels ("Left" or "Right").
Level Strength Decay (levelDecay, default: true): Enable gradual reduction in strength for older levels.
Volume Weighting (volumeWeight, default: true): Incorporate volume into level strength calculations.
Support Color (supportColor, default: green): Color for support levels.
Resistance Color (resistColor, default: red): Color for resistance levels.
How It Works
Pivot Detection:
Checks for pivots only after enough bars (2 * strength) have passed.
A high pivot requires strength bars before and after with no higher highs or closes, and a short-term SMA above a long-term SMA.
A low pivot requires strength bars before and after with no lower lows or closes, and a short-term SMA below a long-term SMA.
Level Tracking:
New pivots create levels with initial strength and volume.
Existing levels within tolerance are updated: strength increases, volume takes the maximum value, and price adjusts via a weighted average.
Levels older than lookback * 4 bars with strength below 0.5 are removed.
If the number of levels exceeds maxLevels, the weakest (by calculated strength) are pruned using a selection sort algorithm.
Drawing:
Updates on the last confirmed bar or in real-time.
Lines extend lookback bars left and right from the current bar, with thickness based on touches.
Zones (if enabled) are drawn symmetrically around the level price.
Labels show detailed info, with opacity tied to strength.
Usage
Add to Chart: Apply the indicator to any TradingView chart via the Pine Script editor, as designed by .
Adjust Settings: Customize inputs to match your trading strategy (e.g., increase strength for stronger pivots, adjust tolerance for tighter level merging).
Interpret Levels: Focus on thicker, less transparent lines for stronger levels; use zones to identify potential reversal areas.
Combine with Other Tools: Pair with trend indicators or oscillators for confluence in trading decisions.
Notes
Performance: The indicator uses arrays and sorting, which may slow down on very long charts with many levels. Keep maxLevels reasonable for efficiency.
Accuracy: Enhanced by trend confirmation and volume weighting, making it more reliable than basic S/R indicators, thanks to 's design.
Limitations: Real-time updates may shift levels as new pivots form; historical levels are more stable.
Example Settings
For day trading: lookback=10, strength=1, tolerance=0.3, maxLevels=5.
For swing trading: lookback=50, strength=3, tolerance=0.7, maxLevels=10.
Credits
Author: – Creator of this advanced support and resistance tool, blending precision and customization for traders.
Cerca negli script per "swing trading"
EMA Adaptive Trailing StopThe EMA Adaptive Trailing Stop Strategy is a versatile and comprehensive Pine Script designed for TradingView. This script provides an adaptive trailing stop mechanism that leverages the Exponential Moving Average (EMA) to adjust trailing stops based on market conditions. The strategy dynamically switches between trending and ranging markets by utilizing both Average True Range (ATR) and Average Directional Index (ADX) to detect market conditions.
Key Features:
EMA-Based Trailing Stop:
The script uses the EMA value to set trailing stops precisely. The EMA offers a more responsive calculation to price changes, ensuring closer and more accurate trailing stops that follow market movements effectively.
Market Condition Detection:
The script employs ATR and ADX to distinguish between trending and ranging markets. ATR measures market volatility, while ADX gauges trend strength. The combination of these two indicators provides a more accurate market condition detection.
Customizable Settings:
The script offers various flexible parameters to adjust EMA length, multipliers, and ATR length. Users can customize these settings according to their preferences and trading strategy.
Two Modes:
The script adapts to market conditions by providing two modes: trending mode and ranging mode. In trending mode, the trailing stop is tighter to follow price movements closely, whereas in ranging mode, the trailing stop is looser to accommodate lower volatility.
Entry and Exit Conditions:
The script detects market conditions to set buy and sell signals. These conditions include the calculations of EMA, ATR, and ADX to ensure the signals generated are valid and profitable.
Alerts:
The script provides buy and sell signals through alert conditions for efficient trade management. Users can enable these alerts to get real-time notifications when valid buy or sell signals are detected.
Suitable for Scalping and Swing Trading:
The script is well-suited for both scalping and swing trading strategies. Scalpers can benefit from the responsive and tighter trailing stops during trending conditions, while swing traders can take advantage of the adaptive and looser trailing stops during ranging conditions, allowing them to capture larger price movements.
Explanation of Mode 1 and Mode 2:
Mode 1: Trending Market:
In this mode, the market is identified as trending based on the ADX and ATR values.
LONG 1: This label indicates a buy signal in the trending market mode. It signifies that the trailing stop has been activated and a long position (buy) should be taken when the market is trending.
SHORT 1: This label indicates a sell signal in the trending market mode. It signifies that the trailing stop has been activated and a short position (sell) should be taken when the market is trending.
Mode 2: Ranging Market:
In this mode, the market is identified as ranging based on the ADX and ATR values.
LONG 2: This label indicates a buy signal in the ranging market mode. It signifies that the trailing stop has been activated and a long position (buy) should be taken with a looser trailing stop when the market is ranging.
SHORT 2: This label indicates a sell signal in the ranging market mode. It signifies that the trailing stop has been activated and a short position (sell) should be taken with a looser trailing stop when the market is ranging.
Technical Usage:
Variable Initialization:
The script initializes variables to store values such as trailing stop, long position status, and short position status.
Market Condition Detection:
The script calculates ATR and ADX values to detect whether the market is trending or ranging. This includes the use of f_adx function to calculate ADX values and determine market conditions.
EMA-Based Trailing Stop Calculation:
The script adjusts the trailing stop based on EMA values and ATR. The calculation involves customizable multipliers and parameters that influence the trailing stop's precision.
Plot Trailing Stop:
The script displays the trailing stop on the chart for clear visualization. This includes plotting the trailing stop line with appropriate colors to indicate long and short positions.
Entry and Exit Conditions:
The script determines the entry (buy) and exit (sell) conditions based on market condition detection and trailing stop settings. These conditions are crucial for generating valid buy or sell signals.
Plotshape and Alert:
The script provides plotshapes for buy and sell signals and sets up alert conditions for real-time notifications when a valid buy or sell signal is detected.
Mile Runner - Swing Trade LONGMile Runner - Swing Trade LONG Indicator - By @jerolourenco
Overview
The Mile Runner - Swing Trade LONG indicator is designed for swing traders who focus on LONG positions in stocks, BDRs (Brazilian Depositary Receipts), and ETFs. It provides clear entry signals, stop loss, and take profit levels, helping traders identify optimal buying opportunities with a robust set of technical filters. The indicator is optimized for daily candlestick charts and combines multiple technical analysis tools to ensure high-probability trades.
Key Features
Entry Signals: Visualized as green triangles below the price bars, indicating a potential LONG entry.
Stop Loss and Take Profit Levels: Automatically plotted on the chart for easy reference.
Stop Loss: Based on the most recent pivot low (support level).
Take Profit: Calculated using a Fibonacci-based projection from the entry price to the stop loss.
Trend and Momentum Filters: Ensures trades align with the prevailing trend and have sufficient momentum.
Volume and Volatility Confirmation: Verifies market interest and price movement potential.
How It Works
The indicator uses a combination of technical tools to filter and confirm trade setups:
Exponential Moving Averages (EMAs):
A short EMA (default: 9 periods) and a long EMA (default: 21 periods) identify the trend.
A bullish crossover (EMA9 crosses above EMA21) signals a potential upward trend.
Money Flow Index (MFI):
Confirms buying pressure when MFI > 50.
Average True Range (ATR):
Ensures sufficient volatility by checking if ATR exceeds its 20-period moving average.
Volume:
Confirms market interest when volume exceeds its 20-period moving average.
Pivot Lows:
Identifies recent support levels (pivot lows) to set the stop loss.
Ensures the pivot low is recent (within the last 10 bars by default).
Additional Trend Filter:
Confirms the long EMA is rising, reinforcing the bullish trend.
Inputs and Customization
The indicator is highly customizable, allowing traders to tailor it to their strategies:
EMA Periods: Adjust the short and long EMA lengths.
ATR and MFI Periods: Modify lookback periods for volatility and momentum.
Pivot Lookback: Control the sensitivity of pivot low detection.
Fibonacci Level: Adjust the Fibonacci retracement level for take profit.
Take Profit Multiplier: Fine-tune the aggressiveness of the take profit target.
Max Pivot Age: Set the maximum bars since the last pivot low for relevance.
Usage Instructions
Apply the Indicator:
Add the "Mile Runner - Swing Trade LONG" indicator to your TradingView chart.
Best used on daily charts for swing trading.
Look for Entry Signals:
A green triangle below the price bar signals a potential LONG entry.
Set Stop Loss and Take Profit:
Stop Loss: Red dashed line indicating the stop loss level.
Take Profit: Purple dashed line showing the take profit level.
Monitor the Trade:
The entry price is marked with a green dashed line for reference.
Adjust trade management based on the plotted levels.
Set Alerts:
Use the built-in alert condition to get notified of new LONG entry signals.
Important Notes
For LONG Positions Only : Designed exclusively for swing trading LONG positions.
Timeframe: Optimized for daily charts but can be tested on other timeframes.
Asset Types: Works best with stocks, BDRs, and ETFs.
Risk Management: Always align stop loss and take profit levels with your risk tolerance.
Why Use Mile Runner?
The Mile Runner indicator simplifies swing trading by integrating trend, momentum, volume, and volatility filters into one user-friendly tool. It helps traders:
Identify high-probability entry points.
Establish clear stop loss and take profit levels.
Avoid low-volatility or low-volume markets.
Focus on assets with strong buying pressure and recent support.
By following its signals and levels, traders can make informed decisions and enhance their swing trading performance. Customize the inputs and test it on your favorite assets—happy trading!
Smart Buy/Sell Signal IndicatorOverview
The Smart Buy/Sell Signal Indicator is a multi-factor trading tool that i ntegrates Supertrend, Bollinger Bands, RSI, ADX, and Moving Averages to generate high-probability buy and sell signals. Unlike simple crossover-based strategies, this indicator leverages multiple layers of confirmation to reduce false signals and improve trade execution accuracy.
This indicator is designed for trend-following traders, scalpers, and swing traders, helping them identify key reversal points and momentum shifts with precise breakout conditions.
How It Works
The Smart Buy/Sell Signal Indicator filters out weak trade signals by combining trend, volatility, momentum, and strength indicators in the following manner:
✅ Supertrend-Based Trend Filtering:
• The script checks if the price is above or below the Supertrend level before confirming a buy or sell signal.
• Buy signals occur below the Supertrend Down level, confirming support.
• Sell signals occur above the Supertrend Up level, confirming resistance.
✅ Bollinger Bands for Overbought & Oversold Conditions:
• Buy signals are confirmed when price touches the Bollinger Lower Band (suggesting oversold conditions).
• Sell signals are confirmed when price touches the Bollinger Upper Band (suggesting overbought conditions).
• This ensures that trades occur at high-probability reversal zones, rather than random price action.
✅ RSI Momentum Confirmation:
• Buy trades trigger when RSI is below 50 (indicating strength building from an oversold region).
• Sell trades trigger when RSI is above 50 (indicating weakness forming in an overbought region).
• This ensures signals are momentum-backed and not counter-trend moves.
✅ ADX Strength Confirmation:
• The script filters signals using the ADX (Average Directional Index) to ensure that only trades with sufficient market strength are executed.
• If the ADX value is below a threshold (default: 15), the signal is ignored to prevent false breakouts in choppy markets.
✅ Confirmation Moving Average (MA) for Trend Validation:
• The script applies an additional confirmation filter using a Moving Average (SMA/EMA).
• Buy signals trigger only when the price is above the MA, aligning with trend direction.
• Sell signals trigger only when the price is below the MA, ensuring alignment with the broader market structure.
✅ Trade Cooldown Mechanism (Minimum Bars Between Signals):
• To avoid frequent signals in sideways markets, a cooldown period is implemented.
• Default: 5 bars between signals (adjustable).
• Prevents rapid consecutive trades, reducing false entries.
Key Features
✔️ Supertrend & Moving Average Confirmation – Ensures trades are taken only in the correct trend direction.
✔️ Bollinger Bands Integration – Helps identify high-probability reversal zones.
✔️ ADX Strength Filtering – Ensures trades are only executed when the market has enough strength.
✔️ Momentum-Based RSI Filtering – Avoids counter-trend trades and confirms directional strength.
✔️ Trade Cooldown Mechanism – Reduces overtrading and noise in sideways markets.
✔️ Webhook Alerts for Automation – Auto-execute trades or receive real-time notifications.
✔️ Customizable Inputs – Adjustable thresholds, EMA/SMA length, ADX filter, cooldown period for flexibility.
✔️ Works Across Multiple Timeframes – Suitable for scalping (5m, 15m), swing trading (1H, 4H), and position trading (Daily).
How to Use
📌 Scalping & Intraday Trading:
• Use on 5m, 15m, or 30m timeframes.
• Look for Bollinger Band touch + RSI confirmation + Supertrend support/resistance validation before entering trades.
📌 Swing Trading:
• Use on 1H or 4H timeframes.
• Enter only when ADX is strong and price aligns with Supertrend direction.
📌 Webhook Automation:
• Set up TradingView Alerts to auto-execute trades via Webhook-compatible platforms.
Why This Combination?
This indicator is not just a simple moving average crossover tool.
It is designed to filter out weak breakouts and only execute trades that have:
✅ Trend confirmation (Supertrend + Moving Average)
✅ Volatility filtering (Bollinger Bands for overbought/oversold confirmation)
✅ Momentum validation (RSI threshold filtering)
✅ Market strength requirement (ADX ensures sufficient momentum)
This multi-layered approach ensures that only the highest-quality setups are executed, improving both win rate and reliability.
Why It’s Worth Using?
🚀 Reduces False Breakouts – Avoids weak breakouts by requiring ADX confirmation.
🚀 Works in All Market Conditions – Trend-following logic for trending markets, volatility-based entries for reversals.
🚀 Customizable to Any Trading Style – Adjustable parameters for trend, momentum, and strength filtering.
🚀 Seamless Webhook Automation – Execute trades automatically with TradingView alerts.
🚀 Ready to trade smarter?
✅ Add the Smart Buy/Sell Signal Indicator to your TradingView chart today! 🎯🔥
Multi-Timeframe ATR Levels by Hitesh2603Description:
"Multi-Timeframe ATR Levels by Hitesh2603" is a versatile and adaptive indicator designed to help traders identify key price levels based on the Average True Range (ATR) from a higher timeframe. The script automatically adapts to the current chart’s timeframe and allows you to customize the higher timeframe for ATR calculations, making it ideal for intraday and swing trading strategies.
The indicator plots upper and lower price levels based on the ATR multiplier, providing clear visual cues for potential profit-taking or exit points. It also includes features like editable timeframe presets , historical level plotting , labels , and alerts , making it a powerful tool for traders of all experience levels.
---
Key Features:
1. Automatic Timeframe Adaptation : - The script automatically detects the current chart’s timeframe and selects the appropriate higher timeframe for ATR calculations.
2. Editable Preset Timeframe Pairs : - Customize the higher timeframe for each chart timeframe directly in the indicator settings.
3. Dynamic ATR-Based Levels :- Plots upper and lower price levels using the formula:
- Upper Level = Current Candle Open + (Previous Candle ATR * Multiplier)
- Lower Level = Current Candle Open - (Previous Candle ATR * Multiplier)
4. Customizable Inputs :
- Adjust ATR length, multiplier, line length, colors, and more.
5. Labels :
- Displays the exact values of the upper and lower levels for easy reference.
6. Historical Levels :
- Optionally plots historical levels for all candles.
7. Alerts :
- Get notified when the price crosses the upper or lower levels.
---
Use Cases:
1. Intraday Trading :
- Use the script on a 5-minute or 15-minute chart with a 1-hour higher timeframe to identify intraday profit-taking or exit points.
2. Swing Trading :
- Use the script on a 1-hour or 4-hour chart with a daily higher timeframe to identify swing trading opportunities.
3. Position Trading :
- Use the script on a daily chart with a weekly higher timeframe to identify key levels for position trading.
4. Breakout Confirmation :
- Use the upper and lower levels as confirmation points for breakouts or reversals.
5. Risk Management :
- Use the levels to set stop-loss or take-profit targets based on market volatility.
---
How to Use:
1. Add the Script to Your Chart :
- Search for "Multi-Timeframe ATR Levels by Hitesh2603" in the TradingView indicator library and add it to your chart.
2. Customize the Settings :
- Adjust the inputs (e.g., ATR length, multiplier, line length, colors, etc.) to suit your trading strategy.
3. Set the Higher Timeframe :
- The script will automatically display an input for the higher timeframe based on the current chart’s timeframe. Customize it as needed.
4. Interpret the Levels :
- The script will plot two horizontal lines (upper and lower levels) on the chart. Use these levels for profit-taking, exits, or breakout confirmation.
5. Enable Alerts :
- Set up alerts to get notified when the price crosses the upper or lower levels.
---
Input Parameters:
1. ATR Length :
- The period used to calculate the ATR (default: 14).
2. ATR Multiplier :
- The multiplier applied to the ATR to calculate the levels (default: 0.65).
3. Line Length :
- The number of candles to extend the lines (default: 10).
4. Show Labels :
- Toggle to display the exact values of the levels (default: true).
5. Show Historical Levels :
- Toggle to plot historical levels for all candles (default: false).
6. Line Colors :
- Customize the colors of the upper and lower levels.
7. Line Width :
- Adjust the thickness of the lines (default: 2).
---
Example:
- Current Chart : 5-minute
- Higher Timeframe : 1-hour
- Previous Hour’s ATR : 4.6
- Current Hour’s Open : 102
- Multiplier : 0.65
Levels :
- Upper Level = 102 + (4.6 * 0.65) = 105.0
- Lower Level = 102 - (4.6 * 0.65) = 99.0
The script will plot horizontal lines at 105.0 and 99.0 on the 5-minute chart.
---
Alerts:
- Price Crosses Upper Level :
- Triggered when the price crosses above the upper level.
- Price Crosses Lower Level :
- Triggered when the price crosses below the lower level.
---
Notes:
- The script is designed to be flexible and adaptable to various trading styles and timeframes.
- Always backtest and validate the indicator with your trading strategy before using it in live trading.
---
Credits:
- Developed by Hitesh2603 .
- Special thanks to the TradingView community for inspiration and support.
Crystal Order BlockThe Crystal Order Block Indicator is a powerful tool designed to help traders identify key institutional order blocks with high precision. This indicator is ideal for traders following Smart Money Concepts (SMC) and Institutional Trading Strategies, providing clear insights into potential high-probability trade setups.
🔹 Key Features:
✔ Automatic Order Block Detection: Identifies valid bullish & bearish order blocks.
✔ Unmitigated Order Blocks Highlighted: Focuses on fresh order blocks for improved trade opportunities.
✔ Trend-Focused Trading: Works best when combined with market structure analysis.
✔ Multi-Timeframe Support: Suitable for scalping, swing trading, and intraday trading.
✔ Risk Management Enhancement: Helps traders refine entries and exits based on institutional price movements.
📈 How to Use the Crystal Order Block Indicator:
🔹 Identifying Order Blocks:
➡ The indicator automatically detects order blocks formed by institutional trading activity.
➡ Unmitigated order blocks are highlighted, indicating areas where price may react.
🔹 High-Probability Trade Setups:
➡ Buy Setup: Look for a bullish order block in an uptrend, confirming strength.
➡ Sell Setup: Identify a bearish order block in a downtrend for potential short trades.
🔹 Order Block Mitigation:
➡ The updated version filters out mitigated order blocks, allowing traders to focus on fresh trading opportunities.
📊 Best Practices & Timeframes:
🔸 Works on all timeframes, but higher accuracy is observed on M30 and above.
🔸 Best suited for Smart Money Trading, Institutional Trading, and Price Action Strategies.
🔸 Should be used with liquidity concepts and market structure analysis for enhanced precision.
⚠ Important Note:
This indicator is a technical tool designed to assist traders in market analysis. It does not guarantee success and should be used alongside proper risk management and trading discipline.
Flux Charts - SFX Screener💎 GENERAL OVERVIEW
The SFX Screener by Flux Charts is a multi-timeframe market scanner that extracts and visually organizes key conditions detected by the SFX Algo indicator across multiple assets in real-time. It does not perform independent analysis or generate new signals—instead, it pulls data directly from the SFX Algo’s calculations to ensure full alignment across different timeframes and tickers.
The SFX Algo is a multi-factor trading indicator that integrates trend analysis, signal generation, market overlays, and take-profit/stop-loss levels into a single system. It evaluates multiple trend components, including EMA direction, momentum shifts, and volatility cycles, to determine market conditions. Signal generation is based on an Adjusted Weighted Majority Algorithm, filtering out weaker signals by prioritizing the most reliable market indicators. Market overlays, such as Volatility Bands and the Retracement Wave, provide dynamic support, resistance, exit points, and entry points. Its adaptable structure allows traders to customize settings based on strategy preferences, making it effective for scalping, swing trading, and long-term trend analysis.
The SFX Screener’s purpose is to give traders a dashboard view of these SFX Algo signals across multiple tickers and timeframes in real-time.
📌 HOW DOES IT WORK ?
The SFX Algo indicator employs an Adjusted Weighted Majority algorithm to generate "buy" and "sell" signals. It evaluates multiple market indicators ("experts"), including momentum, ATR trends, and EMA trends, and assigns weights based on their recent performance. The "Time Weighting" setting allows users to balance between using more historical data or prioritizing recent trends. Unlike traditional weighted majority methods, SFX also dynamically penalizes larger losses. Signals are confirmed based on the consensus of the most successful indicators within the selected time period, filtering out weaker signals during underperforming phases.
The SFX Screener extracts these calculated outputs and visually organizes them into a real-time dashboard. Each signal, status, and volatility condition displayed in the screener is a direct output from the SFX Algo indicator.
🚩 UNIQUENESS
Unlike traditional screeners that rely on preset filters or static conditions, the SFX Screener dynamically updates its dashboard based on live outputs from the SFX Algo’s adaptive algorithm.
Traditional Screeners → Use predefined filters like “price above EMA” or “RSI overbought.” They do not adjust to market dynamics.
SFX Screener → Displays outputs directly from an adaptive algorithm that continuously evaluates trends, volatility, and momentum changes.
The SFX Screener can show SFX Algo's status on 8 different tickers on different timeframes. Key factors that make it unique include:
✅ Real-time sync with SFX Algo → Displays live conditions, not static filters.
✅ Comprehensive Dashboard – This screener provides a complete and customizable dashboard designed to enhance traders' decision-making by consolidating crucial SFX Algo insights into one user-friendly interface.
✅ Multi-Ticker & Multi-Timeframe Analysis – With support for up to 8 tickers and timeframes, traders can effortlessly analyze the bigger market picture, identifying trends and opportunities across different assets and timeframes.
By combining multiple analytical elements in a single view, this screener empowers traders with the insights needed to navigate the market more effectively.
🎯 SFX SCREENER FEATURES:
SFX Algo Signals : This tool can detect SFX Algo signals across different tickers & timeframes.
Volatility Bands : Detection of Volatility Bands Status & Retests.
Retracement Wave : Detection of Retracement Wave Status & Retests.
Highly Configurable : Offers multiple parameters for fine-tuning detection settings.
Up to 8 Tickers : Allows traders to analyze multiple tickers & timeframes simultaneously for enhanced accuracy.
📊 SFX SCREENER DATA BREAKDOWN
Signal ->
Buy -> The latest signal is a buy signal.
Sell -> The latest signal is a sell signal.
The rating of the signal is shown after the signal type.
Δ⭐ ->
Shows the rating change (delta) after the signal is triggered. Positive values mean that the rating is increased after the signal is given, negative values mean that it's decreased.
Status ->
Displays the amount of time passed after the signal is given.
TP Targets ->
Shows the Take-Profit targets of the signal, if a target was achieved, there is a ✅ symbol near it and the next target it displayed.
V. Bands ->
The Volatility Bands dynamically adjust to market conditions, expanding during high volatility and contracting during low volatility. When the volatility bands are tight, or the upper and lower bands are close to each other, the market is not volatile. During periods of low volatility, it’s common for price to consolidate or move sideways. An early indication of a large price move can occur when the bands widen or open up after being tight. When the volatility bands are wide, it reflects a period of increased volatility, typically during strong price trends or after a breakout. The volatility bands can also act as support and resistance areas. The upper band acts as resistance while the lower band acts as support. These mark out good areas for potential reversals. Breakouts can also occur when price moves beyond the bands, signaling a potential trend in the breakout direction.
Outside -> The price is currently outside of the Volatility Bands.
Inside | Upper -> The price is currently inside the Upper Volatility Band.
Inside | Lower -> The price is currently inside the Lower Volatility Band.
R. Wave ->
The Retracement Wave is used to identify entry points during pullbacks in trending markets. It can also be used to find exit points for open trades. The wave is bullish when price is above it and bearish when the price is below it. The retracement wave can be used as an area to enter during a pullback in a trending market. The wave can also be helpful for managing risk and closing out positions.
Outside | Bullish -> The Retracement Wave is currently Bullish, and the price is outside of it.
Outside | Bearish -> The Retracement Wave is currently Bearish, and the price is outside of it.
Inside | Bullish -> The Retracement Wave is currently Bullish, and the price is inside of it.
Inside | Bearish -> The Retracement Wave is currently Bearish, and the price is inside of it.
Profit & Loss (P&L) ->
Shows the amount of profit or loss the position is currently in. All values are shown in terms of percentage, and positive values mean the position is in profit while negative values mean that the position is in loss.
⚠ Timeframe Restriction : The selected timeframes for analysis cannot be lower than the chart’s current timeframe to ensure proper data alignment.
⏰ ALERTS
This screener supports alerts, so you never miss a key market move. You can choose to receive alerts when a buy or sell signal is given, helping you spot potential trading opportunities. Additionally, you can enable alerts for take-profit or stop-loss levels, which notify you when the price achieves those levels. The alerts will work for each enabled ticker in the settings. You can also toggle webhook format for alerts, and choose to include ticker metadata in it.
⚙️ SETTINGS
1. Algorithm Settings
Sensitivity: The sensitivity setting is a key parameter that influences the frequency of signals the SFX Algo generates. By adjusting this parameter, you can control the frequency of signals produced by the algorithm. Using a lower sensitivity setting generates more frequent signals that are highly responsive to minor price fluctuations. Using a higher sensitivity setting reduces the frequency of signals, focusing on more significant price movements and filtering out minor fluctuations.
Signal Strength: The Signal Strength setting filters signals based on their quality, allowing traders to focus on the most reliable opportunities. This feature helps traders balance the quantity and reliability of the algorithm’s signals to suit their trading strategy. Using a lower signal strength will display more signals, including those with lower signal ratings, for broader market coverage. Using a higher signal strength will display fewer signals by prioritizing those with higher signal ratings, reducing market noise.
Time Weighting: The Time Weighting setting in the SFX Algo determines how historical market data is analyzed to generate signals.
a) Recent Trends
Focuses on the most recent movements for short-term analysis. This setting is good for scalpers and intraday traders who need to react quickly to market changes.
b) Mixed Trends
Balances recent and historical price movements for a comprehensive market view. This setting is well-suited for swing traders and those who want to capture medium-term opportunities by combining the benefits of short-term responsiveness with the reliability of long-term trends.
c) Long-term Trends
Relies on extended historical market data to identify broader market trends, making it an excellent choice for traders focused on long-term strategies.
Minimum Star Rating : The Minimum Star Rating setting allows you to filter signals based on their strength, showing only those that meet or exceed your chosen threshold. For instance, setting the minimum star rating to 3 ensures you only receive signals with a rating of 3 stars or higher.
2. Take Profit / Stop Loss Methods
Key Levels
The Key Levels method uses pivot points to set take profit and stop-loss levels. The TP and SL levels are shown when a new signal is generated.
Volatility Bands
This TP/SL method uses the Volatility Bands overlay to set dynamic TP and SL levels. These levels are not predetermined so they will not be shown in advance when a signal is generated.
Signal Rating
Sets take profit and stop-loss levels based on changes in a signal's rating strength. These levels are not predetermined so they will not be shown in advance when a signal is generated.
Auto Stop-Loss
The auto method can only be applied to the SL. The auto method allows the algorithm to detect SL automatically when a momentum shift is detected. You can adjust the risk tolerance of the Auto SL by adjusting the ‘Auto Risk Tolerance’ setting. You can choose between Low, Medium, and High. A high-risk tolerance will result in stop losses being triggered less often.
3. Tickers
You can set, then enable or disable up to 8 tickers in this section to get informed about their latest SFX Algo signal.
‼️ Important Notes
TradingView has limitations when running advanced screeners, resulting in the following restrictions:
Computation Errors:
The computation of using MTF features and viewing several tickers is very intensive on TradingView. This can sometimes cause calculation timeouts. When this occurs simply force the recalculation by modifying one indicator’s settings or by removing the indicator and adding it to your chart again.
Inconsistencies:
You may notice inconsistencies when viewing the screener on a chart with a specific symbol because screener tickers originate from different markets. Since the cryptocurrency market operates 24/7, while stock markets have defined opening and closing hours, the screener may return varying information depending on whether you're currently viewing a cryptocurrency, stock, or currency pair.
kurd fx Dynamic EMA StrategyDynamic EMA Strategy Explanation
This TradingView Pine Script indicator, "Dynamic EMA Strategy," is designed to plot Exponential Moving Averages (EMAs) dynamically based on the selected timeframe. It adjusts the EMA periods depending on whether the trader is scalping, swing trading, or position trading.
Functionality
1. Defining EMA Periods Based on Timeframe
The script determines appropriate EMA values based on the selected chart timeframe:
Scalping (1m, 3m, 5m)
Uses EMA 9, EMA 21, and EMA 50 for fast-moving market conditions.
Swing Trading (15m, 30m, 45m)
Uses EMA 50 and EMA 100, suitable for medium-term trend identification.
EMA 3 is disabled (na) in this mode.
Position Trading (1H and higher)
Uses EMA 100 and EMA 200 to identify long-term trends.
EMA 3 is disabled (na) in this mode.
2. EMA Calculation
The script calculates EMA values dynamically:
emaLine1 = ta.ema(close, ema1): Computes the first EMA.
emaLine2 = ta.ema(close, ema2): Computes the second EMA.
emaLine3 = not na(ema3) ? ta.ema(close, ema3) : na: Computes the third EMA only if applicable.
3. Plotting the EMAs
The script overlays the EMAs on the chart:
Blue Line (EMA 1) → Represents the fastest EMA.
Orange Line (EMA 2) → Represents the medium EMA.
Red Line (EMA 3) → Represents the slowest EMA (if applicable).
Each EMA is plotted using plot() with a specific color, linewidth of 2, and plot.style_line for a clean visualization.
Use Case
Scalpers can identify short-term momentum changes.
Swing traders can detect medium-term trends.
Position traders can spot long-term market trends.
This strategy helps traders adjust their EMA settings dynamically without manually changing them for different timeframes.
Peak Reaction Zones [BigBeluga]Peak Reaction Zones is an advanced Smart Money Concept (SMC) indicator that identifies the most recent swing high and swing low zones, helping traders determine premium and discount areas for optimal trade positioning.
🔵 Key Features:
Swing High & Low Zones:
Automatically detects the latest swing high and swing low levels.
Helps traders identify key reaction points where price is likely to respond.
Premium & Discount Concept:
The high zone represents a premium area, where price is overextended and may reverse.
The low zone represents a discount area, where price is undervalued and may bounce.
The midline dynamically marks the equilibrium of the range.
Adjustable Zone Width:
Users can fine-tune the width of the zones to match their trading style.
Wider zones capture broader reaction ranges, while narrower zones focus on precise levels.
Zone Retest Signals:
Blue markers appear when price retests the lower reaction zone, signaling potential support.
Orange markers appear when price retests the upper reaction zone, indicating possible resistance.
Price Labels for Key Levels:
Displays the price value of the swing high, swing low, and midline for quick reference.
Helps traders recognize major reaction points at a glance.
🔵 Usage:
Smart Money Trading: Utilize the premium and discount concept to align trades with institutional order flow.
Zone Reactions: Watch for price tests of reaction zones and use the retest signals to confirm potential reversals.
Midline Confirmation: If price holds above or below the midline, it can indicate directional bias.
Scalping & Swing Trading: Short-term traders can look for zone rejections, while swing traders can use the levels for trend continuation setups.
Peak Reaction Zones is a must-have tool for traders looking to trade with Smart Money Concepts, allowing for precise entries and exits based on key liquidity areas and market structure.
Scalping Tool with Dynamic Take Profit & Stop Loss### **Scalping Indicator: Summary and User Guide**
The **Scalping Indicator** is a powerful tool designed for traders who focus on short-term price movements. It combines **Exponential Moving Averages (EMA)** for trend identification and **Average True Range (ATR)** for dynamic stop loss and take profit levels. The indicator is highly customizable, allowing traders to adapt it to their specific trading style and risk tolerance.
---
### **Key Features**
1. **Trend Identification**:
- Uses two EMAs (Fast and Slow) to identify trend direction.
- Generates **Buy Signals** when the Fast EMA crosses above the Slow EMA.
- Generates **Sell Signals** when the Fast EMA crosses below the Slow EMA.
2. **Dynamic Take Profit (TP) and Stop Loss (SL)**:
- **Take Profit (TP)**:
- TP levels are calculated as a percentage above (for long trades) or below (for short trades) the entry price.
- TP levels are **dynamically recalculated** when the price reaches the initial target, allowing for multiple TP levels during a single trade.
- **Stop Loss (SL)**:
- SL levels are calculated using the ATR multiplier, providing a volatility-based buffer to protect against adverse price movements.
3. **Separate Settings for Long and Short Trades**:
- Users can independently enable/disable and configure TP and SL for **Buy** and **Sell** orders.
- This flexibility ensures that the indicator can be tailored to different market conditions and trading strategies.
4. **Visual Signals and Levels**:
- **Buy/Sell Signals**: Clearly marked on the chart with labels ("BUY" or "SELL").
- **TP and SL Levels**: Plotted on the chart for both long and short trades, making it easy to visualize risk and reward.
---
### **How to Use the Scalping Indicator**
#### **1. Setting Up the Indicator**
- Apply the indicator to your chart in TradingView.
- Configure the input parameters based on your trading preferences:
- **Fast Length**: The period for the Fast EMA (default: 5).
- **Slow Length**: The period for the Slow EMA (default: 13).
- **ATR Length**: The period for the ATR calculation (default: 14).
- **Buy/Sell TP and SL**: Enable/disable and set the percentage or ATR multiplier for TP and SL levels.
#### **2. Interpreting the Signals**
- **Buy Signal**:
- When the Fast EMA crosses above the Slow EMA, a "BUY" label appears below the price bar.
- The TP and SL levels for the long trade are plotted on the chart.
- **Sell Signal**:
- When the Fast EMA crosses below the Slow EMA, a "SELL" label appears above the price bar.
- The TP and SL levels for the short trade are plotted on the chart.
#### **3. Managing Trades**
- **Take Profit (TP)**:
- When the price reaches the initial TP level, the indicator automatically recalculates the next TP level based on the new close price.
- This allows traders to capture additional profits as the trend continues.
- **Stop Loss (SL)**:
- The SL level is based on the ATR multiplier, providing a dynamic buffer against market volatility.
- If the price hits the SL level, the trade is considered closed, and the indicator resets.
#### **4. Customization**
- Adjust the **Fast Length** and **Slow Length** to suit your trading timeframe (e.g., shorter lengths for scalping, longer lengths for swing trading).
- Modify the **ATR Multiplier** and **TP Percentage** to align with your risk-reward ratio.
- Enable/disable TP and SL for long and short trades based on your trading strategy.
---
### **Tips for Getting the Best Results**
1. **Combine with Price Action**:
- Use the Scalping Indicator in conjunction with support/resistance levels, candlestick patterns, or other technical analysis tools to confirm signals.
2. **Optimize for Your Timeframe**:
- For **scalping**, use shorter EMA lengths (e.g., Fast: 5, Slow: 13).
- For **swing trading**, use longer EMA lengths (e.g., Fast: 10, Slow: 20).
3. **Adjust Risk Management**:
- Use a smaller **ATR Multiplier** for tighter stop losses in low-volatility markets.
- Increase the **TP Percentage** to allow for larger price movements in high-volatility markets.
4. **Backtest and Practice**:
- Test the indicator on historical data to understand its performance in different market conditions.
- Use a demo account to practice trading with the indicator before applying it to live trading.
---
### **Conclusion**
The **Scalping Indicator** is a versatile and user-friendly tool for traders who want to capitalize on short-term price movements. By combining trend-following EMAs with dynamic TP and SL levels, it provides a clear and systematic approach to trading. Whether you're a scalper or a swing trader, this indicator can help you identify high-probability setups and manage risk effectively. Customize it to fit your strategy, and always remember to combine it with sound risk management principles for the best results.
[TehThomas] - Market Structure Shift (MSS)
- Market Structure Shift (MSS) Script Overview
This TradingView script is designed to help traders identify Market Structure Shifts (MSS) and Breaks of Structure (BOS), which are key concepts in ICT (Inner Circle Trader) and Smart Money Concepts (SMC) trading. By detecting significant shifts in price action, the script provides visual cues and alerts to help traders spot potential trend changes and continuation patterns.
How the Script Works
1. Identifying Swing Highs & Lows
The script detects swing highs and swing lows based on a pivot strength setting (default: 3).
A swing high forms when a candle’s high is higher than the highs of a set number of candles on both sides.
A swing low forms when a candle’s low is lower than the lows of the surrounding candles.
2. Market Structure Shift (MSS) Detection
A bullish MSS occurs when price closes above the most recent swing high after previously being in a bearish trend.
A bearish MSS occurs when price closes below the most recent swing low after being in a bullish trend.
This signals a potential trend reversal and is often a key area for liquidity grabs and smart money entry points.
3. Break of Structure (BOS) Detection (Optional - Can be enabled/disabled in settings)
A BOS is detected when price continues in the direction of the trend, confirming a structural break rather than a shift.
Bullish BOS: Price breaks a swing high but does not reverse (confirms trend continuation).
Bearish BOS: Price breaks a swing low but continues downward.
BOS levels help traders confirm trend strength and potential trade continuation setups.
4. Drawing Structure Lines & Labels
The script plots horizontal lines at the detected MSS and BOS levels.
Labels such as "MSS" or "BOS" appear at the breakout points.
Traders can customize the line style, color, and text size for better visibility.
5. Alert System for MSS & BOS
The script includes alert conditions that notify traders when an MSS or BOS occurs.
Alerts can be set for:
Any MSS / Any BOS
Bullish MSS / Bullish BOS
Bearish MSS / Bearish BOS
Settings You Can Change
The script allows for full customization through the following input parameters:
Pivot Strength (pivot_strength)
Default: 4
Adjusts how many candles must be considered to form a valid swing high or low.
Higher values result in stronger structure points, while lower values detect short-term movements.
Color Settings
Highs Color (highs) → Default: Blue (for bullish structure)
Lows Color (lows) → Default: Red (for bearish structure)
Toggle Display Options
Show BOS (show_bos) → Enables/disables BOS detection.
Show MSS (show_mss) → Enables/disables MSS detection.
Line & Label Customization
BOS Line Style (bos_style) → Options: Solid, Dashed, Dotted
MSS Line Style (mss_style) → Options: Solid, Dashed, Dotted
BOS & MSS Line Width → Adjustable from 1 to 4 pixels
BOS & MSS Text Size → Options: Tiny, Small, Normal, Large, Huge
BOS & MSS Text Position → Options: Left, Center, Right
Why This Script is Useful
✔ Detects Key Market Structure Changes
MSS and BOS are critical for identifying trend reversals and trend continuations.
Helps traders avoid false breakouts by distinguishing between structural shifts and simple breakouts.
✔ Enhances Smart Money Trading Strategies
MSS often aligns with liquidity grabs before price reverses.
BOS confirms continuation trades in strong trends.
Works well with Fair Value Gaps (FVGs), Order Blocks (OBs), and Liquidity Zones.
✔ Customizable Alerts & Visuals
Traders can enable alerts for MSS and BOS to receive notifications when price shifts.
Adjustable styling ensures clarity across different trading setups.
✔ Works on Any Asset & Timeframe
Suitable for Forex, Crypto, Stocks, and Indices.
Can be used on lower timeframes (scalping) or higher timeframes (swing trading).
How to Use the Market Structure Shift Concept in Trading
1️⃣ Identify Market Conditions
Apply the script and check if price is forming Higher Highs (HH), Higher Lows (HL), Lower Highs (LH), or Lower Lows (LL).
Determine if the market is trending or ranging.
2️⃣ Watch for MSS (Reversal Signals)
Bullish MSS: Price closes above a key swing high → potential bullish reversal.
Bearish MSS: Price closes below a swing low → potential bearish reversal.
3️⃣ Confirm BOS (Trend Continuation Signals)
Bullish BOS: Price continues breaking highs, confirming an uptrend.
Bearish BOS: Price continues breaking lows, confirming a downtrend.
4️⃣ Combine with Other ICT & SMC Concepts
Look for Order Blocks (OBs) and Fair Value Gaps (FVGs) near MSS/BOS levels for better trade entries.
Wait for liquidity grabs before entering trades (avoid stop hunts).
Use higher timeframe MSS/BOS zones as key support & resistance areas.
Final Thoughts
This script is a must-have tool for traders using ICT & SMC trading strategies. It helps identify trend shifts, liquidity grabs, and continuation moves by marking Market Structure Shifts (MSS) and Breaks of Structure (BOS) on the chart.
Multi-Timeframe Confluence IndicatorThe Multi-Timeframe Confluence Indicator strategically combines multiple timeframes with technical tools like EMA and RSI to provide robust, high-probability trading signals. This combination is grounded in the principles of technical analysis and market behavior, tailored for traders across all styles—whether intraday, swing, or positional.
1. The Power of Multi-Timeframe Confluence
Markets are influenced by participants operating on different time horizons:
• Intraday traders act on short-term price fluctuations.
• Swing traders focus on intermediate trends lasting days or weeks.
• Position traders aim to capture multi-month or long-term trends.
By aligning signals from a higher timeframe (macro trend) with a lower timeframe (micro trend), the indicator ensures that short-term entries are in harmony with the broader market direction. This multi-timeframe approach significantly reduces false signals caused by temporary market noise or counter-trend moves.
Example: A bullish trend on the daily chart (higher timeframe) combined with a bullish RSI and EMA alignment on the 15-minute chart (lower timeframe) provides a stronger confirmation than relying on the 15-minute chart alone.
2. Why EMA and RSI Are Essential
Each element of the indicator serves a unique role in ensuring accuracy and reliability:
• EMA (Exponential Moving Average):
• A dynamic trend filter that adjusts quickly to price changes.
• On the higher timeframe, it establishes the overall trend direction (e.g., bullish or bearish).
• On the lower timeframe, it identifies precise entry/exit zones within the trend.
• RSI (Relative Strength Index):
• Adds a momentum-based perspective, confirming whether a trend is backed by strong buying or selling pressure.
• Ensures that signals occur in areas of strength (RSI > 55 for bullish signals, RSI < 45 for bearish signals), filtering out weak or uncertain price movements.
By combining EMA (trend) and RSI (momentum), the indicator delivers confluence-based validation, where both trend and momentum align, making signals more reliable.
3. Cooldown Period for Signal Optimization
Trading in choppy or sideways markets often leads to overtrading and false signals. The cooldown period ensures that once a signal is generated, subsequent signals are suppressed for a defined number of bars. This prevents traders from entering low-probability trades during indecisive market phases, improving overall signal quality.
Example: After a bullish confluence signal, the cooldown period prevents a bearish signal from being triggered prematurely if the market enters a temporary retracement.
4. Use Cases Across Trading Styles
This indicator caters to various trading styles, each benefiting from the confluence of timeframes and technical elements:
• Intraday Trading:
• Use a 1-hour chart as the higher timeframe and a 5-minute chart as the lower timeframe.
• Benefit: Align intraday entries with the hourly trend for higher win rates.
• Swing Trading:
• Use a daily chart as the higher timeframe and a 1-hour chart as the lower timeframe.
• Benefit: Capture multi-day moves while avoiding counter-trend entries.
• Scalping:
• Use a 30-minute chart as the higher timeframe and a 1-minute chart as the lower timeframe.
• Benefit: Enhance scalping efficiency by ensuring short-term trades align with broader intraday trends.
• Position Trading:
• Use a weekly chart as the higher timeframe and a daily chart as the lower timeframe.
• Benefit: Time long-term entries more precisely, maximizing profit potential.
5. Robustness Through Customization
The indicator allows traders to customize:
• Timeframes for higher and lower analysis.
• EMA lengths for trend filtering.
• RSI settings for momentum confirmation.
• Cooldown periods to adapt to market volatility.
This flexibility ensures that the indicator can be tailored to suit individual trading preferences, market conditions, and asset classes, making it a comprehensive tool for any trading strategy.
Why This Mashup Stands Out
The Multi-Timeframe Confluence Indicator is more than a sum of its parts. It leverages:
• EMA’s ability to identify trends, combined with RSI’s insight into momentum, ensuring each signal is well-supported.
• A multi-timeframe perspective that incorporates both macro and micro trends, filtering out noise and improving reliability.
• A cooldown mechanism that prevents overtrading, a common pitfall for traders in volatile markets.
This integration results in a powerful, adaptable indicator that provides actionable, high-confidence signals, reducing uncertainty and enhancing trading performance across all styles.
ZenAlgo - Heavy DeltaThe ZenAlgo - Heavy Delta indicator is a comprehensive technical analysis tool designed for traders seeking a deeper understanding of market dynamics. It combines multiple advanced sub-indicators, including Order Blocks, Moving Averages, VWAP, and Delta Volume analysis, and more to provide actionable insights. This indicator is particularly useful for identifying potential trade entries and exits based on institutional order flow and price action patterns.
Features
Order Block Detection: Identifies bullish and bearish order blocks with detailed visualization and volume analysis.
VWAP (Volume Weighted Average Price): Tracks the average price of a security weighted by volume over various anchor periods.
Moving Averages (MA): Customizable MAs (13, 21, 50, 200 periods) to detect trends and momentum shifts.
Daily Open and Monday Range: Highlights key levels like daily open and intraday/multi-day high-low ranges for better price context.
Delta Volume Analysis: Measures the net difference between buying and selling volume for market sentiment insights.
Divergence Detection: Detects regular and hidden bullish/bearish divergences for trend reversal opportunities.
Visual Alerts: Displays intuitive symbols for potential buy/sell signals and key price levels.
Added Value: Why Is This Indicator Original/Why Shall You Pay for This Indicator?
The ZenAlgo - Heavy Delta indicator offers a distinct advantage by integrating multiple analysis techniques into one cohesive tool. While many individual indicators are freely available, this script goes beyond simple overlays to provide an advanced analytical framework. Here’s why it stands out:
1. Synergy of Indicators
Order Blocks: These are not static; the indicator dynamically calculates zones where institutional activity likely occurred, supported by volume-weighted metrics.
Delta Volume Analysis: Freely available delta volume tools typically show raw data, but this script filters noise, categorizes volume into meaningful up/down segments, and integrates it with other signals for context.
VWAP and Moving Averages: VWAP and customizable MAs are enhanced with divergence checks, color-coded trends, and market state classifications. This integration helps confirm trends and reversals with higher precision.
2. Volume-Based Insights
Traditional volume indicators often fail to show the "intent" behind price moves. This script combines delta volume and order block data to highlight areas of significant buying or selling pressure and their potential impacts on future price action.
3. Visual Simplicity with Advanced Logic
Unlike using several separate tools, which can clutter your chart, this indicator presents a streamlined interface. Every plotted element serves a clear purpose, minimizing distractions while maximizing actionable insights.
4. Customized for Active Traders
The indicator doesn’t just provide standard calculations. It includes proprietary adjustments like mitigation thresholds in order blocks, percentage-based signals for VWAP, and delta volume intensity levels that align better with active market conditions.
5. Why Pay for It?
Time and effort savings: Instead of setting up and calibrating multiple tools, this indicator combines them into a single efficient package.
Enhanced accuracy: Each sub-indicator validates the others, reducing false signals.
Unique features: For instance, the script automatically adjusts for multi-timeframe inconsistencies and uses gradient color fills to convey volume strength in order blocks—a feature absent in free indicators.
How It Works
The indicator combines individual sub-indicators into a logical framework where each part contributes to the overall analysis. Here’s how each feature operates:
1. Order Blocks
Identification: Uses specific price action patterns to locate zones of likely institutional interest (bullish or bearish blocks).
Dynamic Updates: The blocks adjust as new price data comes in, ensuring their relevance. Volume within these zones is weighted, helping assess their strength and potential price reactions.
Visual Enhancements: Blocks are color-coded and filled with gradients based on volume intensity, providing immediate visual cues about their importance.
2. VWAP (Volume Weighted Average Price)
Calculation: Anchored to user-selected periods (daily, weekly, etc.), VWAP is recalculated in real-time, showing the "fair" price based on traded volume.
Integration: Acts as a dynamic support/resistance line, particularly useful in intraday and swing trading. Labels provide percentage deviation for quick interpretation.
3. Moving Averages (MAs)
Customization: Supports various types (EMA, SMA, etc.) and lengths (13, 21, 50, 200). Traders can configure these to suit their strategies.
Market Status: By comparing the price to these MAs, the indicator classifies the market as Full Bull, Bullish, Neutral, Bearish, or Full Bear. This high-level summary helps traders quickly gauge market sentiment.
4. Delta Volume
Core Logic: Calculates the net difference between buying and selling pressure (volume) for each candle.
Visual Signals: Plots symbols when significant delta volume changes coincide with other indicator signals, like divergence or order block activity.
5. Daily Open and Monday Range
Purpose: Identifies key psychological levels like the daily open and the high/low range for the first trading day of the week.
Context: Highlights these levels with dynamic percentage changes, helping traders understand how price is behaving relative to them.
6. Divergence Detection
Logic: Tracks discrepancies between price movement and momentum (via Moving Averages, Delta Volume, and Order Blocks). These divergences often precede reversals.
Validation: Divergences are only flagged when other features, like delta volume shifts or order block interactions, confirm the setup.
By combining these tools in a meaningful way, ZenAlgo - Heavy Delta transforms raw data into actionable intelligence, giving traders a comprehensive view of market dynamics and a significant edge in decision-making.
Why Use Heikin Ashi for Heavy Delta?
The ZenAlgo - Heavy Delta indicator is optimized for Heikin Ashi (HA) candles, which smooth out market noise and make trends more visually apparent. Heikin Ashi works best for this strategy for several key reasons:
Why Heikin Ashi Works Best
Trend Clarity: Unlike traditional candlesticks, Heikin Ashi averages price data to create smoother transitions. This helps the indicator better identify sustained trends and reduces false signals caused by short-term price fluctuations.
Noise Reduction: HA candles filter out minor fluctuations and emphasize the overall market direction, making it easier to align the indicator’s signals (like Delta Volume and Order Blocks) with larger market movements.
Improved Visual Insights: Features like Order Blocks and Delta Volume align well with Heikin Ashi's smoothed representation, as it avoids the erratic movements that traditional candles sometimes display.
Better Support for Trend Strategies: Heikin Ashi candles naturally highlight key reversals and continuation patterns, which complement the analytical goals of this indicator.
Important Notes About Heikin Ashi:
Synthetic Nature of HA Candles: Heikin Ashi values are calculated differently than traditional candles. For example: a) The open is the average of the prior candle's open and close. b) The close is the average of the high, low, open, and close. This synthetic nature means that HA candles do not reflect actual market prices but rather smoothed averages, which can slightly lag real-time price movements.
Lagging Effect: Because HA candles use averaged data, they can lag behind actual price action. This is beneficial for identifying trends but less effective for precise entry/exit timing.
Inaccuracy in Low Volatility: In low-volume or low-volatility conditions, HA candles may distort actual price dynamics, leading to less reliable insights.
No Direct Alerts or Buy/Sell Signals : Issuing explicit buy or sell signals based on Heikin Ashi candles is not possible due to their averaged, synthetic nature. As such, the ZenAlgo - Heavy Delta indicator does not generate direct trading signals. Instead, the indicator is a decision-support tool that provides insights into trends, volume dynamics, and potential key levels, leaving trade execution to the trader's discretion.
Usage Examples
Trend Confirmation: Use the MA market status to identify if the market is in a Full Bull or Bear state.
Reversal Zones: Monitor order block zones for price rejection or absorption, signaling a potential reversal.
Breakout Trading: Trade breakouts when price surpasses VWAP or Monday Range highs/lows.
Delta Divergence: Look for positive/negative delta volume divergences during consolidations for breakout cues.
Mean Reversion: Use VWAP or MAs as dynamic support/resistance for mean reversion setups.
Intraday Scalping: Utilize daily open and intraday levels for short-term trades.
Swing Trading: Employ order blocks and multi-day ranges to frame swing trade setups.
Volume Climax: Identify volume spikes using Delta Volume to confirm trend continuation or reversal.
Momentum Trading: Combine divergence signals with Delta Volume for high-conviction entries.
Risk Management: Use defined order block boundaries to set stop losses and targets.
Settings
Order Blocks: Customize label visibility, label offsets, and block appearance.
VWAP: Adjust anchor period and toggle visibility.
Moving Averages: Configure length, type (EMA, SMA, etc.), and visibility of MAs (13, 21, 50, 200).
Delta Volume: Enable/disable delta symbols and labels, adjust sensitivity multipliers.
Daily Open/Monday Range: Toggle visibility and customize display preferences.
General Visuals: Adjust label offsets, color schemes, and transparency.
Important Notes
This indicator is a technical analysis tool and does not guarantee trading success.
Use it in conjunction with other indicators and fundamental analysis for a more comprehensive trading strategy.
Performance may vary in low-liquidity markets or during sudden news events.
Divergence signals might fail in strongly trending markets.
Dynamic Market Structure DetectorTitle: Dynamic Market Structure Detector – Real-Time BoS & ChoCH Signals
Short Description:
Identify market structure dynamically with real-time Break of Structure (BoS) and Change of Character (ChoCH) signals. Highlight untested support and resistance zones to improve trading precision.
Full Description:
The Dynamic Market Structure Detector is a powerful TradingView indicator designed for traders who want to automate the identification of key market structure levels. This indicator simplifies market analysis by dynamically tracking swing highs and lows, marking critical Break of Structure (BoS) and Change of Character (ChoCH) points, and highlighting untested support and resistance zones.
Key Features:
1. Real-Time Signals:
• Marks Break of Structure (BoS) and Change of Character (ChoCH) points as they occur.
• Automatically updates as the market evolves.
2. Dynamic Swing Highs and Lows:
• Tracks swing highs and lows based on user-defined sensitivity (Swing Length).
• Adjust swing length to tailor signals for intraday or swing trading.
3. Untested Zones Highlight:
• Visualize untested support and resistance zones dynamically.
• Opacity settings allow customization for better chart readability.
4. Customizable Inputs:
• Swing Length:
Adjust the sensitivity of BoS and ChoCH signals.
• Smaller Swing Length values (e.g., 3–5): Capture short-term market movements, ideal for intraday trading.
• Larger Swing Length values (e.g., 10–20): Focus on significant market structure changes for swing or positional trading.
Experiment with these values to find the best fit for your trading style.
• Untested Zone Opacity:
Control the visibility of highlighted support and resistance zones.
• Lower opacity values (e.g., 10–50): Make the zones more prominent, helpful for darker chart backgrounds.
• Higher opacity values (e.g., 70–90): Provide subtle highlights, better suited for lighter chart setups.
• A value of 100% renders the zones completely transparent (invisible).
Use this setting to customize the visual appearance of your chart while still retaining key zone information.
5. User-Friendly Visualization:
• Color-coded labels for BoS (Green) and ChoCH (Red).
• Highlight zones for untested areas using customizable colors (Support: Blue, Resistance: Orange).
Why Use This Indicator?
• Simplifies market structure analysis by automating key calculations.
• Helps traders identify potential trend reversals and continuation points.
• Reduces the need for manual charting, saving time and effort.
• Provides visual clarity on untested zones for better decision-making.
Recommended Usage:
• Intraday Traders: Use smaller Swing Length values (e.g., 3–5) to capture short-term market movements.
• Swing Traders: Opt for higher Swing Length values (e.g., 10–20) to focus on larger market structure changes.
• Monitor untested zones for potential price reactions, enhancing your trade entries and exits.
Notes :
This indicator is best suited for traders who prefer price action trading and market structure analysis. While the indicator provides reliable insights, it is recommended to use it in conjunction with other analysis tools for a holistic trading approach.
Credits:
Developed by TradeTech Analysis to empower traders with automated tools for smarter trading decisions.
EBL - Enhanced BOS LogicEBL - Enhanced BOS Logic
The EBL (Enhanced Break of Structure Logic) script is a powerful tool for traders who want to identify and act on key structural shifts in the market. By combining visual cues, such as horizontal lines and dynamic arrows, the script highlights critical points of interest where market behavior may indicate significant bullish or bearish momentum.
What Makes EBL Unique?
Break of Structure (BOS) Identification:
The script dynamically detects when price breaks above or below significant highs and lows, marking these levels as key BOS points.
Once a BOS level is confirmed, it is displayed on the chart as a horizontal line, allowing traders to easily identify areas of potential support and resistance.
Real-Time Validation and Invalidations:
Bullish BOS levels remain active until a bearish candle closes below the initiating bullish candle.
Similarly, bearish BOS levels remain active until a bullish candle closes above the initiating bearish candle.
If a BOS level is invalidated, both the corresponding line and its arrow are automatically removed to maintain chart clarity.
Visual Clarity with Arrows and Lines:
Customizable triangle arrows (green for bullish and red for bearish) appear alongside lines to signal entry opportunities.
Traders can adjust line length, colors, and visibility of arrows to fit their charting style.
Alerts for Confirmation:
Receive alerts when bullish or bearish structures are confirmed, ensuring you never miss a signal even when away from your chart.
How the Script Works
Detection of Bullish and Bearish Structures:
The script identifies a "Bullish Break" when the price closes above the high of a bullish candle followed by a bearish one.
A "Bearish Break" is detected when the price closes below the low of a bearish candle followed by a bullish one.
Line and Arrow Placement:
Horizontal lines are drawn at the high or low of the respective BOS level.
Triangular arrows are plotted just below or above the respective levels to indicate potential trade opportunities.
Automatic Cleanup:
When a line is invalidated by opposing market movement, both the line and its connected arrow are automatically removed from the chart.
How to Use EBL
Settings:
Adjust line colors (green for bullish, red for bearish) to suit your charting theme.
Customize arrow visibility or hide lines if you prefer a less cluttered chart.
Set the horizontal line length to match your desired timeframe and analysis depth.
Trading Concepts:
Trend Reversal Zones: Use invalidated BOS levels as signals for possible trend reversals.
Momentum Trading: Follow confirmed BOS levels to identify areas where price momentum is likely to continue.
Dynamic Support and Resistance: Leverage the lines to identify evolving support and resistance zones.
Alerts:
Enable alerts to receive notifications when bullish or bearish trends are confirmed, allowing you to stay informed without constant monitoring.
Conceptual Basis
This script is based on the widely used market structure concept, which is fundamental to price action trading. By tracking the highs and lows created by bullish and bearish movements, the EBL script provides an objective and systematic approach to identifying and trading key structural points in the market.
With the EBL - Enhanced BOS Logic, traders can visually and systematically track market structure, identify potential trade setups, and maintain a cleaner chart with automated line and arrow management. This script is ideal for trend-following, scalping, and swing trading strategies across all markets and timeframes.
Integrated Market Analysis IndicatorThe Integrated Market Analysis Indicator is designed to provide traders with a macro perspective on market conditions, focusing on the S&P 500 (SPX) and market volatility (VIX), to assist in swing trading decisions. This script integrates various technical indicators and market health metrics to generate scores that help in assessing the overall market trend, potential breakout opportunities, and mean reversion scenarios. It is tailored for traders who wish to align their individual stock or index trades with broader market movements.
Functionality:
Trend Analysis: The script analyzes the trend of the S&P 500 using moving averages (5-day SMA, 10-day EMA, 20-day EMA) to determine whether the market is in an uptrend, downtrend, or neutral state. This provides a foundation for understanding the general market direction.
Volatility Assessment: It uses the VIX to gauge market volatility, which is crucial for risk management. The script calculates thresholds based on the 20-day SMA of the VIX to categorize the market volatility into low, medium, or high.
Market Breadth: The advance/decline ratio (A/D ratio) from the USI:ADVQ and USI:DECLQ indices gives an indication of market participation, helping to understand if the market movement is broad-based or led by a few stocks.
Scoring System: Three scores are calculated:
Trend Score: Evaluates the market trend in conjunction with volume, market breadth, and VIX to assign a grade from 'A' to 'D'.
Breakout Score: Assesses potential breakout conditions by looking at price action relative to dynamic support/resistance levels, short-term momentum, and volume.
Mean Reversion Score: Identifies conditions where mean reversion might occur, based on price movement, volume, and high VIX levels, indicating potential overbought or oversold conditions.
Risk Management: Position sizing recommendations are provided based on VIX levels and the calculated scores, aiming to adjust exposure according to market conditions.
How to Use the Script:
Application: Apply this indicator on any stock or index chart in TradingView. Since it uses data from SPX and VIX, the scores will reflect the macro environment regardless of the underlying chart.
Interpreting Scores:
Trend Score: Use this to gauge the overall market direction. An 'A' score might suggest a strong uptrend, making it a good time for bullish trades, while a 'D' could indicate a bearish environment.
Breakout Score: Look for 'A' scores when considering trades that aim to capitalize on breakouts. A 'B' might suggest a less certain breakout, requiring more caution.
Mean Reversion Score: A 'B' or 'A' here might be a signal to look for trades where you expect the price to revert to the mean after an extreme move.
Risk Management: Use the suggested position sizes ('Normal Size', '1/3 Size', '1/4 Size', '1/10 Size') to manage your risk exposure. Higher VIX levels or lower scores suggest reducing position sizes to mitigate risk.
Visual Cues: The script plots various SMAs, EMAs, and dynamic support/resistance levels, providing visual indicators of where the market might find support or resistance, aiding in entry and exit decisions.
How NOT to Use the Script:
Not for Intraday Trading: This indicator is designed for swing trading, focusing on daily or longer timeframes. Using it for intraday trading might not provide the intended insights due to its macro focus.
Avoid Over-reliance: While the script provides valuable insights, do not rely solely on it for trading decisions. Always consider additional analysis, news, and fundamental data.
Do Not Ignore Individual Stock Analysis: Although the script gives a macro view, individual stock analysis is crucial. The macro conditions might suggest a trend, but stock-specific factors could contradict this.
Not for High-Frequency Trading: The script's logic and the data it uses are not optimized for high-frequency trading strategies where microsecond decisions are made.
Misinterpretation of Scores: Do not misinterpret the scores as absolute signals. They are guidelines that should be part of a broader trading strategy.
Logic Explanation:
Moving Averages: The script uses different types of moving averages to smooth out price data, providing a clearer view of the trend over short to medium-term periods.
ATR for Volatility: The Average True Range (ATR) is used to calculate dynamic support and resistance levels, giving a sense of how much price movement can be expected, which helps in setting realistic expectations for price action.
VIX for Risk: By comparing current VIX levels to its 20-day SMA, the script assesses market fear or complacency, adjusting risk exposure accordingly.
Market Breadth: The A/D ratio helps to understand if the market movement is supported by a broad base of stocks or if it's narrow, which can influence the reliability of the trend.
This indicator should be used as part of a comprehensive trading strategy, providing a macro overlay to your trading decisions, ensuring you're not fighting against the broader market trends or volatility conditions. Remember, while it can guide your trading, always integrate it with other forms of analysis for a well-rounded approach.
EBL - Enigma BOS Logic Select Higher Time FrameThe "EBL – Enigma BOS Logic" is a unique multi-timeframe trading indicator designed for traders who rely on structured price action and key level retests to find high-probability trade opportunities. This indicator automates the identification of significant price levels on a higher timeframe, plots them across all lower timeframes, and provides actionable signals (buy/sell) when price retests those levels. It is ideal for traders who focus on lower timeframes for precise entries while using higher timeframe structure for trend confirmation.
How the Indicator Works
Key Level Detection:
The indicator allows the user to select a key level timeframe (e.g., 1H, 4H, Daily, Weekly). It then identifies Break of Structure (BOS) levels on the selected timeframe.
When a bullish-to-bearish or bearish-to-bullish reversal is detected on the selected timeframe, the corresponding high or low of the reversal candle is stored as a key level.
These key levels are plotted as horizontal lines on all lower timeframes, helping the trader visualize critical support and resistance zones across multiple timeframes.
Retest Confirmation:
Once a key level is established, the indicator continuously monitors the price action on lower timeframes.
If the price touches or crosses a key level, it is considered a retest, and an alert is generated.
The indicator plots a retest marker (customizable as a circle or diamond) at the exact price level where the retest occurred, providing a clear visual cue for the trader.
Trading Signals:
When a retest is detected, a table is displayed on the chart with the following information:
The trading pair.
The signal direction (Buy/Sell).
The price at which the retest occurred.
This table gives traders instant insight into actionable opportunities, making it easier to focus on live market conditions without missing critical retests.
Key Features
Multi-Timeframe Analysis: The indicator focuses on a higher timeframe selected by the user, ensuring that only the most relevant key levels are plotted for lower timeframe trading.
Dynamic Retest Signals: It dynamically identifies when price retests a key level and provides both visual markers and real-time alerts.
Customizable Retest Markers: Users can customize the retest marker's shape (circle/diamond) and color to suit their preferences.
Signal Table: A built-in table displays clear buy or sell signals when retests occur, ensuring that traders have all the necessary information at a glance.
Alerts: The indicator supports real-time alerts for retests, helping traders stay informed even when they are not actively monitoring the chart.
How to Use the Indicator
Select a Key Level Timeframe:
In the input settings, choose a higher timeframe (e.g., 4H or Daily) to define key levels.
The indicator will calculate Break of Structure (BOS) levels on the selected timeframe and plot them as horizontal lines across all lower timeframes.
Monitor Lower Timeframes for Retests:
Switch to a lower timeframe (e.g., 15m, 5m) to wait for price to approach the key levels plotted by the indicator.
When a retest occurs, observe the signal table and retest marker for actionable trade signals.
Act on Buy/Sell Signals:
Use the information provided by the signal table to make trading decisions.
For a buy signal, wait for bullish confirmation (e.g., price holding above the retested level).
For a sell signal, wait for bearish confirmation (e.g., price holding below the retested level).
Trading Concepts and Underlying Logic
The indicator is based on the Break of Structure (BOS) concept, a core principle in price action trading. BOS levels represent points where the market shifts its trend direction, making them critical zones for potential reversals or continuations.
By focusing on higher timeframe BOS levels, the indicator helps traders align their lower timeframe entries with the overall market trend.
The concept of retests is used to confirm the validity of a key level. A retest occurs when the price returns to a previously identified BOS level, offering a high-probability entry point.
Use Cases
Scalping: Traders who prefer lower timeframe scalping can use the indicator to align their trades with higher timeframe key levels, increasing the likelihood of successful trades.
Swing Trading: Swing traders can use the indicator to identify key reversal zones on higher timeframes and plan their trades accordingly.
Intraday Trading: Intraday traders can benefit from the real-time alerts and signals generated by the indicator, ensuring they never miss critical retests during active trading hours.
Conclusion
The "EBL – Enigma BOS Logic" is a powerful tool for traders who want to enhance their price action trading by focusing on key levels and retests across multiple timeframes. By automating the identification of BOS levels and providing clear retest signals, it helps traders make more informed and confident trading decisions. Whether you are a scalper, intraday trader, or swing trader, this indicator offers valuable insights to improve your trading performance.
SuperTrend Oscillator# SuperTrend Oscillator - User Guide
## Chapter 1: Introduction
The SuperTrend Oscillator is a versatile and powerful indicator designed to assist traders in identifying market trends, reversals, and momentum. This indicator leverages complex calculations and smoothing techniques to provide actionable signals. The SuperTrend Oscillator can be used for intraday, swing, and positional trading, making it suitable for various market conditions and trading styles.
## Chapter 2: Calculations Overview
The SuperTrend Oscillator relies on a combination of:
Trend Strength : Calculated using a weighted summation of price deviations over short and long periods.
Bull and Bear Lines : Derived from the typical price and smoothed using EMA to highlight underlying market trends.
Signal Lines : The crossing of trend lines and EMAs identifies potential entry and exit points.
### Key Elements:
- Typical Price : An average of open, high, low, and close prices.
- Lowest Low and Highest High **: Identified over specific periods to normalize the oscillator values.
- Exponential Moving Averages (EMA) : Smoothing techniques to reduce noise and improve trend clarity.
- Threshold Levels : Critical levels (e.g., 25, 75) are used to identify oversold and overbought conditions.
## Chapter 3: Oscillator Visualization
The SuperTrend Oscillator plots two main components:
Bull and Bear Lines : Represent short-term and long-term trends.
EMA Crossovers : Highlight shifts in market momentum.
### Candle Width and Color:
- Yellow Candles : Indicate a bullish phase in the short-term trend.
- Fuchsia Candles : Indicate a bearish phase in the short-term trend.
- Green Candles : Signal an uptrend in the long-term trend.
- Red Candles : Signal a downtrend in the long-term trend.
NB: The width of the oscillator candles reflects the strength of the trend, with wider candles indicating stronger trends.
## Chapter 4: Signal Generation
### Entry Signals:
- ** Fast Buy Signal **: Occurs when:
- The short-term trend transitions from bearish (fuchsia) to bullish (yellow).
- The short-term bull line is below 40.
- The long-term bull line is above 50.
- Accumulation/distribution signals are positive.
- ** Fast Sell Signal **: Occurs when:
- The short-term trend transitions from bullish (yellow) to bearish (fuchsia).
- The short-term bull line is above 60.
- The long-term bull line is below 45.
- Accumulation/distribution signals are negative.
### Exit Signals:
- ** Super Long Exit / Short Entry **: Triggered when:
- Both the short-term and long-term trends indicate overbought conditions (bull line > 75).
- Crossunder between trend and bull lines.
- ** Super Short Exit / Long Entry **: Triggered when:
- Both the short-term and long-term trends indicate oversold conditions (bull line < 25).
- Crossover between trend and bull lines.
## Chapter 5 : Trading Strategies
### Trend Following:
1. ** Identify the Trend **:
- Use the color and slope of the oscillator candles.
- Green and yellow candles indicate an uptrend; red and fuchsia candles indicate a downtrend.
2. ** Enter Trades **:
- Look for fast buy signals in an uptrend and fast sell signals in a downtrend.
3. ** Exit Trades **:
- Use super exit signals to close positions.
### Range Trading:
1. ** Identify Ranges **:
- Monitor bull and bear lines oscillating within 25 to 75.
2. ** Enter Trades **:
- Buy near oversold conditions (bull line < 25).
- Sell near overbought conditions (bull line > 75).
### Divergence Trading:
1. ** Identify Divergence **:
- Compare the oscillator with price action.
2. ** Enter Trades **:
- Buy when the price makes a lower low, but the oscillator makes a higher low.
- Sell when the price makes a higher high, but the oscillator makes a lower high.
## Chapter 6: Alerts
The SuperTrend Oscillator includes built-in alerts for:
1. **Super Long**: When both short-term and long-term entry signals align.
2. **BankEntry Long**: When either short-term or long-term entry signals are triggered.
3. **Super Short**: When both short-term and long-term exit signals align.
4. **BankExit Short**: When either short-term or long-term exit signals are triggered.
### Setting Alerts:
To enable alerts, use the alert messages included in the script. These alerts provide timely notifications for trade entries and exits.
## Chapter 7: How to Use
1. **Add the Indicator**:
- Apply the SuperTrend Oscillator to your chart.
2. **Monitor Signals**:
- Use visual cues (colors and shapes) to identify trade opportunities.
3. **Set Alerts**:
- Configure alerts to receive notifications.
### Example Use Case:
- For intraday trading, set the oscillator to shorter periods for quicker signals.
- For swing trading, use longer periods to reduce noise and capture broader trends.
## Chapter 8: Disclaimer
The SuperTrend Oscillator is a tool to aid trading decisions and does not guarantee profits. Always combine it with risk management and other analysis techniques to ensure a comprehensive trading strategy.
Channel Breakout by NatXateThe Channel Breakout by NatXate is a multi-channel technical indicator designed to identify potential breakout opportunities based on a combination of Keltner Channels, Donchian Channels, and Bollinger Bands.
This indicator helps traders pinpoint buy and sell signals by analyzing price behavior around key channel boundaries, while filtering out false signals using volatility and momentum criteria such as the Average True Range (ATR) and Bollinger Bands Width (BBW).
Key Features:
Keltner Channel:
The Keltner Channel is calculated using an Exponential Moving Average (EMA) and ATR to define upper and lower boundaries.
The upper and lower Keltner boundaries serve as potential breakout levels.
Donchian Channel:
The Donchian Channel tracks the highest high and lowest low over a user-defined period.
Price breaking above or below these boundaries indicates a potential long or short opportunity.
Bollinger Bands:
Bollinger Bands use a Simple Moving Average (SMA) and standard deviation to define dynamic support and resistance levels.
The upper and lower Bollinger boundaries provide an additional layer of confirmation for breakouts.
Bollinger Bands Width (BBW) Filter:
Measures the width of the Bollinger Bands, which reflects market volatility.
A minimum BBW threshold (minBBW) ensures signals are only generated during periods of sufficient volatility, helping to avoid false signals in consolidating markets.
ATR Filter:
The ATR is used to measure market volatility.
Only signals with ATR exceeding a user-defined percentage of the current price (atrThresholdPercent) are considered valid.
Buy and Sell Conditions:
Buy Signal:
Price breaks above the upper boundary of any of the three channels (Keltner, Donchian, or Bollinger Bands).
ATR is above its threshold, indicating sufficient volatility.
BBW is above the minBBW threshold.
Sell Signal:
Price breaks below the lower boundary of any of the three channels.
ATR is above its threshold.
BBW is above the minBBW threshold.
Non-Repainting Logic:
Signals are confirmed only after the bar closes (barstate.isconfirmed), preventing repainting and ensuring reliable signal generation.
Visual Signals:
Buy signals are marked with a green "B" label below the bar.
Sell signals are marked with a red "S" label above the bar.
The upper and lower boundaries of the Keltner Channel, Donchian Channel, and Bollinger Bands are plotted for visual clarity.
Alerts:
Separate alerts are available for Buy and Sell signals:
Buy Signal: "Channel Breakout Buy Signal by NatXate detected!"
Sell Signal: "Channel Breakout Sell Signal by NatXate detected!"
Alerts trigger once per bar close, making it suitable for real-time trading or monitoring.
How It Works:
Trend Identification:
The indicator identifies trends based on price breakouts above or below the channel boundaries.
Volatility Filtering:
Both ATR and BBW filters ensure that only high-probability breakout signals are shown, reducing noise in low-volatility environments.
Signal Confirmation:
Signals are confirmed after the bar closes to prevent false positives or premature triggers.
Parameters:
Keltner Channel Parameters:
lengthKC: Period for the Keltner Channel's EMA.
multKC: ATR multiplier for Keltner Channel boundaries.
Donchian Channel Parameters:
lengthDC: Period for calculating the highest high and lowest low.
Bollinger Bands Parameters:
lengthBB: Period for the Bollinger Bands' SMA.
multBB: Standard deviation multiplier for Bollinger Bands boundaries.
ATR Filter:
atrLength: Period for calculating ATR.
atrThresholdPercent: Minimum ATR as a percentage of the price for valid signals.
BBW Filter:
minBBW: Minimum Bollinger Bands Width required for signal generation.
Use Cases:
Breakout Trading:
Detect potential buy and sell opportunities when price breaks key channel boundaries during high volatility.
Trend Following:
Use the indicator to confirm trends and enter trades in the direction of the breakout.
Avoiding Low-Volatility Periods:
The BBW and ATR filters help avoid false signals in consolidating or choppy markets.
Recommended Usage:
Combine this indicator with additional tools such as volume analysis or momentum oscillators (e.g., MACD, RSI) for further confirmation.
Suitable for various timeframes, from intraday to swing trading.
Backtest thoroughly to adjust parameters for the specific market and timeframe you trade.
ELVTDFinance COTELVTDFinance COT Indicator:
The ELVTDFinance COT Indicator is a sophisticated tool designed for traders seeking to gain deeper insights into market dynamics through Commitment of Traders (COT) data. This indicator visually represents the net positions of three distinct market participant groups: Commercials, Non-Commercials (Smart Money), and Retail Traders, enabling traders to interpret sentiment and potential market direction.
Key Features:
COT Data Integration:
Pulls weekly COT data from TradingView's LibraryCOT.
Distinguishes between long and short positions for each participant type:
Commercials: Producers or hedgers with vested interest in stabilizing market conditions.
Non-Commercials (Smart Money): Speculative traders often driving trends.
Retail Traders: Non-reportable positions, typically indicative of retail sentiment.
Net Position Calculations:
The indicator calculates and plots the net position (long - short) for each group.
Provides a clear visual distinction of market positioning trends over time.
Dynamic Plot Styles:
Adapts to the timeframe:
Weekly/Monthly: Line plots for a smoother view of trends.
Other Timeframes: Step-line plots for precise position changes.
Color Coding:
Blue: Commercials (Producers/Hedgers).
Teal: Non-Commercials (Smart Money).
Red: Retail Traders.
Highlights Market Sentiment:
Uses a color-shift mechanism based on the relative strength of Smart Money vs. Retail Traders.
Turns green when Smart Money positions dominate retail sentiment, signaling potential trend reversals or continuations.
Labels and Visual Aids:
Displays labels with net positions for each participant group on the chart.
Ensures clarity in understanding which group is leading the market at any point in time.
Advanced Visual Fill:
Shaded regions between Smart Money and Retail Traders provide an intuitive visual cue for sentiment alignment or divergence.
Support for Scalping and Swing Trading:
Offers utility for both short-term scalping strategies and longer-term swing trades by identifying the actions of dominant market forces.
How It Works:
The indicator retrieves and processes COT data weekly.
Net positions are calculated and compared across participant groups.
Plots are dynamically updated to reflect market sentiment.
A zero-line acts as a reference to gauge whether the group is net long or net short.
Use Case Examples:
Trend Reversal Signals:
If Smart Money positions increase while Retail Traders are heavily short, it may signal a potential bullish reversal.
Trend Confirmation:
Alignments between Smart Money and Retail Trader trends can confirm a strong directional move.
Hedging Insights:
Commercials often hedge against price movements. Their actions can hint at supply-side expectations.
By leveraging the ELVTDFinance COT Indicator, traders can better understand the driving forces behind market moves and incorporate this into their decision-making processes. This tool is particularly valuable for analyzing sentiment shifts and gauging market momentum.
SufinBDThis TradingView script combines RSI, Stochastic RSI, MACD, and Bollinger Bands to generate Buy and Sell signals on two different timeframes: 4-hour (4H) and Daily (1D). The strategy aims to provide entry and exit points based on a multi-indicator confirmation approach, helping traders make more informed decisions.
Features:
RSI (Relative Strength Index):
Measures the speed and change of price movements.
The script looks for oversold conditions (RSI below 30) for buy signals and overbought conditions (RSI above 70) for sell signals.
Stochastic RSI:
Measures the level of RSI relative to its high-low range over a given period.
A Stochastic RSI below 0.2 indicates oversold conditions, and a value above 0.8 indicates overbought conditions.
It helps identify overbought and oversold conditions in a more precise manner than regular RSI.
MACD (Moving Average Convergence Divergence):
A trend-following momentum indicator that shows the relationship between two moving averages of a security's price.
The MACD line crossing above the Signal line generates bullish signals, and vice versa for bearish signals.
Bollinger Bands:
A volatility indicator that consists of a middle band (SMA of price), an upper band, and a lower band.
When the price is below the lower band, it signals potential buy opportunities, while prices above the upper band signal potential sell opportunities.
Timeframe Usage:
The script calculates indicators for both the 4-hour (4H) and Daily (1D) timeframes.
The combined signals from these two timeframes are used to generate Buy and Sell alerts.
Buy Signal:
A Buy signal is generated when all of the following conditions are met:
RSI on both 4H and 1D is below 30 (oversold conditions).
Stochastic RSI on both timeframes is below 0.2.
The MACD line is above the Signal line on both timeframes.
The price is below the lower Bollinger Band on both the 4H and 1D charts.
Sell Signal:
A Sell signal is generated when all of the following conditions are met:
RSI on both 4H and 1D is above 70 (overbought conditions).
Stochastic RSI on both timeframes is above 0.8.
The MACD line is below the Signal line on both timeframes.
The price is above the upper Bollinger Band on both the 4H and 1D charts.
Visuals:
Buy signals are marked with green labels below the bars.
Sell signals are marked with red labels above the bars.
Bollinger Bands are displayed on the chart with the upper and lower bands marked in blue (for 4H) and orange (for 1D).
Purpose:
This script aims to provide more reliable buy/sell signals by combining indicators across multiple timeframes. It is ideal for traders who want to use multiple confirmation points before entering or exiting a trade.
How to Use:
Apply the script to any chart on TradingView.
Look for Buy and Sell signals that meet the conditions above.
You can adjust the timeframe (e.g., 4H or 1D) based on your trading strategy.
This script can be used for intraday trading, swing trading, or position trading depending on your preferred timeframes.
Example of Signal Interpretation:
Buy Signal:
If all conditions are met (e.g., RSI is under 30, Stochastic RSI is under 0.2, MACD is bullish, and price is below the lower Bollinger Band on both the 4-hour and daily charts), the script will show a green "BUY" label below the price bar.
Sell Signal:
If all conditions are met (e.g., RSI is over 70, Stochastic RSI is over 0.8, MACD is bearish, and price is above the upper Bollinger Band on both timeframes), the script will show a red "SELL" label above the price bar.
This combination of indicators offers a multi-layered confirmation approach, which aims to reduce the risk of false signals and increase the reliability of your trading decisions.
Dual Spectrum RSI [CHE]Dual Spectrum RSI Indicator
Introduction
The Dual Spectrum RSI Indicator is an innovative and robust tool designed for traders aiming to enhance their market analysis and trading precision. This script leverages multi-timeframe analysis, advanced RSI configurations, and customizable visualization options to provide actionable insights for both trend-following and contrarian strategies.
Key Features
1. Dynamic Timeframe Selection
- Automatically adapts the resolution based on the current chart's timeframe.
- Options to switch between Auto Timeframe, Multiplier-based Timeframe, or Manual Resolution for complete control.
2. Advanced RSI Calculations
- Dual RSI setup for multi-layered analysis:
- Primary RSI for trend identification on the higher timeframe (HTF).
- Secondary RSI for entry signals with oversold/overbought crossovers on the current chart timeframe.
3. EMA Integration on Higher Timeframe (HTF)
- The Exponential Moving Average (EMA) acts as a robust trend filter, calculated on the Higher Timeframe (HTF).
- This ensures that trade signals align with the broader market trend, providing a strategic edge and reducing noise from lower timeframes.
4. Signal Clarity
- Visual labels for Buy and Sell signals directly on the chart.
- Dynamic stop-loss suggestions that adjust based on EMA crossovers and trend changes.
5. Customizable Visualization
- Gradient fills for overbought/oversold zones provide intuitive visual cues.
- User-friendly inputs for adjusting separator lines, color schemes, and label styles.
6. Comprehensive Data Display
- Real-time updates in an Info Box, showing active timeframe settings and resolution.
- Easy-to-understand trend conditions, making it accessible for both novice and professional traders.
Benefits for Traders
1. Precision in Decision-Making
The multi-timeframe capability ensures that traders always have the broader market context, minimizing false signals and enhancing trade accuracy.
2. Flexibility and Customization
Fully adjustable parameters allow traders to tailor the indicator to their unique trading style, whether scalping, day trading, or swing trading.
3. Enhanced Market Insights
By combining HTF trend filters, RSI dynamics, and EMA thresholds, this indicator provides a holistic view of market conditions.
4. User-Friendly Interface
The clean layout and intuitive options make it easy to integrate this tool into any TradingView setup.
5. Increased Confidence in Trades
With visual aids such as labels, gradients, and a trend-detection mechanism, traders can make decisions with greater confidence and less emotional bias.
Example Use Cases
1. Trend-Following Strategy
- Utilize the HTF EMA filter to confirm bullish or bearish trends.
- Enter trades when the secondary RSI crosses oversold/overbought levels in the direction of the trend.
2. Reversal Strategy
- Identify overextended trends using RSI crossovers.
- Look for counter-trend opportunities with precise stop-loss placements.
3. Scalping Setup
- Switch to intraday timeframes and use the multiplier-based resolution to capture short-term market movements.
How to Use
1. Add the script to your TradingView chart by pasting the provided Pine Script code into the Pine Editor.
2. Adjust the Timeframe Type, RSI parameters, and EMA length to align with your trading goals.
3. Monitor the generated signals and use them in conjunction with your broader trading strategy.
Disclaimer
The content provided, including all code and materials, is strictly for educational and informational purposes only. It is not intended as, and should not be interpreted as, financial advice, a recommendation to buy or sell any financial instrument, or an offer of any financial product or service. All strategies, tools, and examples discussed are provided for illustrative purposes to demonstrate coding techniques and the functionality of Pine Script within a trading context.
Any results from strategies or tools provided are hypothetical, and past performance is not indicative of future results. Trading and investing involve high risk, including the potential loss of principal, and may not be suitable for all individuals. Before making any trading decisions, please consult with a qualified financial professional to understand the risks involved.
By using this script, you acknowledge and agree that any trading decisions are made solely at your discretion and risk.
Conclusion
The Dual Spectrum RSI Indicator is not just another technical tool—it's a comprehensive trading companion that adapts to your needs, simplifies market analysis, and boosts your trading performance. Whether you're a beginner or a seasoned trader, this indicator provides the edge you need to succeed in today's dynamic markets.
Try It Today!
Experience the power of multi-timeframe analysis and take your trading to the next level. Add the Dual Spectrum RSI Indicator to your TradingView arsenal now!
Best regards
Chervolino
[blackcat] L3 Counter Peacock Spread█ OVERVIEW
The script titled " L3 Counter Peacock Spread" is an indicator designed for use in TradingView. It calculates and plots various moving averages, K lines derived from these moving averages, additional simple moving averages (SMAs), weighted moving averages (WMAs), and other technical indicators like slope calculations. The primary function of the script is to provide a comprehensive set of visual tools that traders can use to identify trends, potential support/resistance levels, and crossover signals.
█ LOGICAL FRAMEWORK
Input Parameters:
There are no explicit input parameters defined; all variables are hardcoded or calculated within the script.
Calculations:
• Moving Averages: Calculates Simple Moving Averages (SMA) using ta.sma.
• Slope Calculation: Computes the slope of a given series over a specified period using linear regression (ta.linreg).
• K Lines: Defines multiple exponentially adjusted SMAs based on a 30-period MA and a 1-period MA.
• Weighted Moving Average (WMA): Custom function to compute WMAs by iterating through price data points.
• Other Indicators: Includes Exponential Moving Average (EMA) for momentum calculation.
Plotting:
Various elements such as MAs, K lines, conditional bands, additional SMAs, and WMAs are plotted on the chart overlaying the main price action.
No loops control the behavior beyond those used in custom functions for calculating WMAs. Conditional statements determine the coloring of certain plot lines based on specific criteria.
█ CUSTOM FUNCTIONS
calculate_slope(src, length) :
• Purpose: To calculate the slope of a time-series data point over a specified number of periods.
• Functionality: Uses linear regression to find the current and previous slopes and computes their difference scaled by the timeframe multiplier.
• Parameters:
– src: Source of the input data (e.g., closing prices).
– length: Periodicity of the linreg calculation.
• Return Value: Computed slope value.
calculate_ma(source, length) :
• Purpose: To calculate the Simple Moving Average (SMA) of a given source over a specified period.
• Functionality: Utilizes TradingView’s built-in ta.sma function.
• Parameters:
– source: Input data series (e.g., closing prices).
– length: Number of bars considered for the SMA calculation.
• Return Value: Calculated SMA value.
calculate_k_lines(ma30, ma1) :
• Purpose: Generates multiple exponentially adjusted versions of a 30-period MA relative to a 1-period MA.
• Functionality: Multiplies the 30-period MA by coefficients ranging from 1.1 to 3 and subtracts multiples of the 1-period MA accordingly.
• Parameters:
– ma30: 30-period Simple Moving Average.
– ma1: 1-period Simple Moving Average.
• Return Value: Returns an array containing ten different \u2003\u2022 "K line" values.
calculate_wma(source, length) :
• Purpose: Computes the Weighted Moving Average (WMA) of a provided series over a defined period.
• Functionality: Iterates backward through the last 'n' bars, weights each bar according to its position, sums them up, and divides by the total weight.
• Parameters:
– source: Price series to average.
– length: Length of the lookback window.
• Return Value: Calculated WMA value.
█ KEY POINTS AND TECHNIQUES
• Advanced Pine Script Features: Utilization of custom functions for encapsulating complex logic, leveraging TradingView’s library functions (ta.sma, ta.linreg, ta.ema) for efficient computations.
• Optimization Techniques: Efficient computation of K lines via pre-calculated components (multiples of MA30 and MA1). Use of arrays to store intermediate results which simplifies plotting.
• Best Practices: Clear separation between calculation and visualization sections enhances readability and maintainability. Usage of color.new() allows dynamic adjustments without hardcoding colors directly into plot commands.
• Unique Approaches: Introduction of K lines provides an alternative representation of trend strength compared to traditional MAs. Implementation of conditional band coloring adds real-time context to existing visual cues.
█ EXTENDED KNOWLEDGE AND APPLICATIONS
Potential Modifications/Extensions:
• Adding more user-defined inputs for lengths of MAs, K lines, etc., would make the script more flexible.
• Incorporating alert conditions based on crossovers between key lines could enhance automated trading strategies.
Application Scenarios:
• Useful for both intraday and swing trading due to the combination of short-term and long-term MAs along with trend analysis via slopes and K lines.
• Can be integrated into larger systems combining this indicator with others like oscillators or volume-based metrics.
Related Concepts:
• Understanding how linear regression works internally aids in grasping the slope calculation.
• Familiarity with WMA versus SMA helps appreciate why different types of averaging might be necessary depending on market dynamics.
• Knowledge of candlestick patterns can complement insights gained from this indicator.
