Moving Average Filters Add-on w/ Expanded Source Types [Loxx]Moving Average Filters Add-on w/ Expanded Source Types is a conglomeration of specialized and traditional moving averages that will be used in most of indicators that I publish moving forward. There are 39 moving averages included in this indicator as well as expanded source types including traditional Heiken Ashi and Better Heiken Ashi candles. You can read about the expanded source types clicking here . About half of these moving averages are closed source on other trading platforms. This indicator serves as a reference point for future public/private, open/closed source indicators that I publish to TradingView. Information about these moving averages was gleaned from various forex and trading forums and platforms as well as TASC publications and other assorted research publications.
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Included moving averages
ADXvma - Average Directional Volatility Moving Average
Linnsoft's ADXvma formula is a volatility-based moving average, with the volatility being determined by the value of the ADX indicator.
The ADXvma has the SMA in Chande's CMO replaced with an EMA, it then uses a few more layers of EMA smoothing before the "Volatility Index" is calculated.
A side effect is, those additional layers slow down the ADXvma when you compare it to Chande's Variable Index Dynamic Average VIDYA.
The ADXVMA provides support during uptrends and resistance during downtrends and will stay flat for longer, but will create some of the most accurate market signals when it decides to move.
Ahrens Moving Average
Richard D. Ahrens's Moving Average promises "Smoother Data" that isn't influenced by the occasional price spike. It works by using the Open and the Close in his formula so that the only time the Ahrens Moving Average will change is when the candlestick is either making new highs or new lows.
Alexander Moving Average - ALXMA
This Moving Average uses an elaborate smoothing formula and utilizes a 7 period Moving Average. It corresponds to fitting a second-order polynomial to seven consecutive observations. This moving average is rarely used in trading but is interesting as this Moving Average has been applied to diffusion indexes that tend to be very volatile.
Double Exponential Moving Average - DEMA
The Double Exponential Moving Average (DEMA) combines a smoothed EMA and a single EMA to provide a low-lag indicator. It's primary purpose is to reduce the amount of "lagging entry" opportunities, and like all Moving Averages, the DEMA confirms uptrends whenever price crosses on top of it and closes above it, and confirms downtrends when the price crosses under it and closes below it - but with significantly less lag.
Double Smoothed Exponential Moving Average - DSEMA
The Double Smoothed Exponential Moving Average is a lot less laggy compared to a traditional EMA. It's also considered a leading indicator compared to the EMA, and is best utilized whenever smoothness and speed of reaction to market changes are required.
Exponential Moving Average - EMA
The EMA places more significance on recent data points and moves closer to price than the SMA (Simple Moving Average). It reacts faster to volatility due to its emphasis on recent data and is known for its ability to give greater weight to recent and more relevant data. The EMA is therefore seen as an enhancement over the SMA.
Fast Exponential Moving Average - FEMA
An Exponential Moving Average with a short look-back period.
Fractal Adaptive Moving Average - FRAMA
The Fractal Adaptive Moving Average by John Ehlers is an intelligent adaptive Moving Average which takes the importance of price changes into account and follows price closely enough to display significant moves whilst remaining flat if price ranges. The FRAMA does this by dynamically adjusting the look-back period based on the market's fractal geometry.
Hull Moving Average - HMA
Alan Hull's HMA makes use of weighted moving averages to prioritize recent values and greatly reduce lag whilst maintaining the smoothness of a traditional Moving Average. For this reason, it's seen as a well-suited Moving Average for identifying entry points.
IE/2 - Early T3 by Tim Tilson
The IE/2 is a Moving Average that uses Linear Regression slope in its calculation to help with smoothing. It's a worthy Moving Average on it's own, even though it is the precursor and very early version of the famous "T3 Indicator".
Integral of Linear Regression Slope - ILRS
A Moving Average where the slope of a linear regression line is simply integrated as it is fitted in a moving window of length N (natural numbers in maths) across the data. The derivative of ILRS is the linear regression slope. ILRS is not the same as a SMA (Simple Moving Average) of length N, which is actually the midpoint of the linear regression line as it moves across the data.
Instantaneous Trendline
The Instantaneous Trendline is created by removing the dominant cycle component from the price information which makes this Moving Average suitable for medium to long-term trading.
Laguerre Filter
The Laguerre Filter is a smoothing filter which is based on Laguerre polynomials. The filter requires the current price, three prior prices, a user defined factor called Alpha to fill its calculation.
Adjusting the Alpha coefficient is used to increase or decrease its lag and it's smoothness.
Leader Exponential Moving Average
The Leader EMA was created by Giorgos E. Siligardos who created a Moving Average which was able to eliminate lag altogether whilst maintaining some smoothness. It was first described during his research paper "MACD Leader" where he applied this to the MACD to improve its signals and remove its lagging issue. This filter uses his leading MACD's "modified EMA" and can be used as a zero lag filter.
Linear Regression Value - LSMA (Least Squares Moving Average)
LSMA as a Moving Average is based on plotting the end point of the linear regression line. It compares the current value to the prior value and a determination is made of a possible trend, eg. the linear regression line is pointing up or down.
Linear Weighted Moving Average - LWMA
LWMA reacts to price quicker than the SMA and EMA. Although it's similar to the Simple Moving Average, the difference is that a weight coefficient is multiplied to the price which means the most recent price has the highest weighting, and each prior price has progressively less weight. The weights drop in a linear fashion.
McGinley Dynamic
John McGinley created this Moving Average to track price better than traditional Moving Averages. It does this by incorporating an automatic adjustment factor into its formula, which speeds (or slows) the indicator in trending, or ranging, markets.
McNicholl EMA
Dennis McNicholl developed this Moving Average to use as his center line for his "Better Bollinger Bands" indicator and was successful because it responded better to volatility changes over the standard SMA and managed to avoid common whipsaws.
Non lag moving average
The Non Lag Moving average follows price closely and gives very quick signals as well as early signals of price change. As a standalone Moving Average, it should not be used on its own, but as an additional confluence tool for early signals.
Parabolic Weighted Moving Average
The Parabolic Weighted Moving Average is a variation of the Linear Weighted Moving Average. The Linear Weighted Moving Average calculates the average by assigning different weight to each element in its calculation. The Parabolic Weighted Moving Average is a variation that allows weights to be changed to form a parabolic curve. It is done simply by using the Power parameter of this indicator.
Recursive Moving Trendline
Dennis Meyers's Recursive Moving Trendline uses a recursive (repeated application of a rule) polynomial fit, a technique that uses a small number of past values estimations of price and today's price to predict tomorrows price.
Simple Moving Average - SMA
The SMA calculates the average of a range of prices by adding recent prices and then dividing that figure by the number of time periods in the calculation average. It is the most basic Moving Average which is seen as a reliable tool for starting off with Moving Average studies. As reliable as it may be, the basic moving average will work better when it's enhanced into an EMA.
Sine Weighted Moving Average
The Sine Weighted Moving Average assigns the most weight at the middle of the data set. It does this by weighting from the first half of a Sine Wave Cycle and the most weighting is given to the data in the middle of that data set. The Sine WMA closely resembles the TMA (Triangular Moving Average).
Smoothed Moving Average - SMMA
The Smoothed Moving Average is similar to the Simple Moving Average (SMA), but aims to reduce noise rather than reduce lag. SMMA takes all prices into account and uses a long lookback period. Due to this, it's seen a an accurate yet laggy Moving Average.
Smoother
The Smoother filter is a faster-reacting smoothing technique which generates considerably less lag than the SMMA (Smoothed Moving Average). It gives earlier signals but can also create false signals due to its earlier reactions. This filter is sometimes wrongly mistaken for the superior Jurik Smoothing algorithm.
Super Smoother
The Super Smoother filter uses John Ehlers’s “Super Smoother” which consists of a a Two pole Butterworth filter combined with a 2-bar SMA (Simple Moving Average) that suppresses the 22050 Hz Nyquist frequency: A characteristic of a sampler, which converts a continuous function or signal into a discrete sequence.
Three pole Ehlers Butterworth
The 3 pole Ehlers Butterworth (as well as the Two pole Butterworth) are both superior alternatives to the EMA and SMA. They aim at producing less lag whilst maintaining accuracy. The 2 pole filter will give you a better approximation for price, whereas the 3 pole filter has superior smoothing.
Three pole Ehlers smoother
The 3 pole Ehlers smoother works almost as close to price as the above mentioned 3 Pole Ehlers Butterworth. It acts as a strong baseline for signals but removes some noise. Side by side, it hardly differs from the Three Pole Ehlers Butterworth but when examined closely, it has better overshoot reduction compared to the 3 pole Ehlers Butterworth.
Triangular Moving Average - TMA
The TMA is similar to the EMA but uses a different weighting scheme. Exponential and weighted Moving Averages will assign weight to the most recent price data. Simple moving averages will assign the weight equally across all the price data. With a TMA (Triangular Moving Average), it is double smoother (averaged twice) so the majority of the weight is assigned to the middle portion of the data.
The TMA and Sine Weighted Moving Average Filter are almost identical at times.
Triple Exponential Moving Average - TEMA
The TEMA uses multiple EMA calculations as well as subtracting lag to create a tool which can be used for scalping pullbacks. As it follows price closely, it's signals are considered very noisy and should only be used in extremely fast-paced trading conditions.
Two pole Ehlers Butterworth
The 2 pole Ehlers Butterworth (as well as the three pole Butterworth mentioned above) is another filter that cuts out the noise and follows the price closely. The 2 pole is seen as a faster, leading filter over the 3 pole and follows price a bit more closely. Analysts will utilize both a 2 pole and a 3 pole Butterworth on the same chart using the same period, but having both on chart allows its crosses to be traded.
Two pole Ehlers smoother
A smoother version of the Two pole Ehlers Butterworth. This filter is the faster version out of the 3 pole Ehlers Butterworth. It does a decent job at cutting out market noise whilst emphasizing a closer following to price over the 3 pole Ehlers.
Volume Weighted EMA - VEMA
Utilizing tick volume in MT4 (or real volume in MT5), this EMA will use the Volume reading in its decision to plot its moves. The more Volume it detects on a move, the more authority (confirmation) it has. And this EMA uses those Volume readings to plot its movements.
Studies show that tick volume and real volume have a very strong correlation, so using this filter in MT4 or MT5 produces very similar results and readings.
Zero Lag DEMA - Zero Lag Double Exponential Moving Average
John Ehlers's Zero Lag DEMA's aim is to eliminate the inherent lag associated with all trend following indicators which average a price over time. Because this is a Double Exponential Moving Average with Zero Lag, it has a tendency to overshoot and create a lot of false signals for swing trading. It can however be used for quick scalping or as a secondary indicator for confluence.
Zero Lag Moving Average
The Zero Lag Moving Average is described by its creator, John Ehlers, as a Moving Average with absolutely no delay. And it's for this reason that this filter will cause a lot of abrupt signals which will not be ideal for medium to long-term traders. This filter is designed to follow price as close as possible whilst de-lagging data instead of basing it on regular data. The way this is done is by attempting to remove the cumulative effect of the Moving Average.
Zero Lag TEMA - Zero Lag Triple Exponential Moving Average
Just like the Zero Lag DEMA, this filter will give you the fastest signals out of all the Zero Lag Moving Averages. This is useful for scalping but dangerous for medium to long-term traders, especially during market Volatility and news events. Having no lag, this filter also has no smoothing in its signals and can cause some very bizarre behavior when applied to certain indicators.
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What are Heiken Ashi "better" candles?
The "better formula" was proposed in an article/memo by BNP-Paribas (In Warrants & Zertifikate, No. 8, August 2004 (a monthly German magazine published by BNP Paribas, Frankfurt), there is an article by Sebastian Schmidt about further development (smoothing) of Heikin-Ashi chart.)
They proposed to use the following:
(Open+Close)/2+(((Close-Open)/( High-Low ))*ABS((Close-Open)/2))
instead of using :
haClose = (O+H+L+C)/4
According to that document the HA representation using their proposed formula is better than the traditional formula.
What are traditional Heiken-Ashi candles?
The Heikin-Ashi technique averages price data to create a Japanese candlestick chart that filters out market noise.
Heikin-Ashi charts, developed by Munehisa Homma in the 1700s, share some characteristics with standard candlestick charts but differ based on the values used to create each candle. Instead of using the open, high, low, and close like standard candlestick charts, the Heikin-Ashi technique uses a modified formula based on two-period averages. This gives the chart a smoother appearance, making it easier to spots trends and reversals, but also obscures gaps and some price data.
Expanded generic source types:
Close = close
Open = open
High = high
Low = low
Median = hl2
Typical = hlc3
Weighted = hlcc4
Average = ohlc4
Average Median Body = (open+close)/2
Trend Biased = (see code, too complex to explain here)
Trend Biased (extreme) = (see code, too complex to explain here)
Included:
-Toggle bar color on/off
-Toggle signal line on/off
Cerca negli script per "swing trading"
Aspen Trading S/R Levels v2In Trading, Objectivity Trumps Subjectivity
“Every trader is a steaming hot bowl of bias stew and must maintain self-awareness and lucidity behind the screens as the trading day oscillates between boredom and terror.”
The above quote is from a good friend of mine and veteran FX trader Brent Donnelly. It completely nails the biggest challenge for new and even experienced traders: being as objective as possible when making trading decisions.
Yes, as you become more experienced, subjectivity, market feel and experience are part of one’s decision-making matrix, but early on you do not have that luxury.
If you start each day knowing that price action in the market is random it will remind you to think objectively. There are, however, repeatable patterns that occur again and again…..it’s your job to identify them.
That’s where Support & Resistance levels come in.
Definitions: “Support” and “Resistance” Levels
Many technical indicators and tools can be subjective and challenging to learn. This is not the case with support and resistance levels.
Support and resistance are terms for two price levels on a chart that appear to limit the security’s range of movement.
The “support level” is where the price regularly stops falling and bounces up.
The “resistance level” is where the price normally stops rising and dips back down.
The more frequently a price hits either level, the more reliable that level is likely to be in predicting future price movements.
Understanding Support and Resistance Levels
Remember, the more informed and objective we can be with numbers, the more confident we can be with our trades. That’s important because, although price action is random (a fact that has been proven time and time again), there are repeatable patterns we can use to get an edge.
Two of those objective data points we can use to gain an edge are support and resistance levels. These are two of the best tools we have when it comes to swing trading. Why? Because they give us strong data points that suggest where an instrument is likely (and unlikely) to go.
But this is really key: Arbitrarily cataloging each price level that appears to be relevant as a support or resistance level isn’t going to get you far. That’s why Aspen Trading takes a unique approach to support and resistance levels.
With Aspen’s Support & Resistance Levels, we measure where trades (prices) occur in terms of frequency. This gives us a sense of where market participants are wagering prices may go.
That’s about as raw and unfiltered as you can get in terms of displaying what has taken place. There’s no room for interpretation - this is raw data that can be used to get a sense of where prices may be heading.
Learning The “Four Sets” of Support and Resistance Levels
There are four sets of support and resistance levels that are part of Aspen Trading’s S/R framework.
Each set of support and resistance levels is unique to a specified period of time. We display each of them in different colors on our charts when we analyze trades to make it easy for us to understand the data as we get comfortable reading charts.
You’ll see each of these levels on display in the charts that follow below. The four sets of support and resistance levels are classified as follows:
There are four sets of support and resistance levels that are displayed by Aspen Trading’s S/R Analysis Tool. Each one is unique to a specified period of time that we then display directly on the chart. The levels are classified as follows
GREEN: displays 2 dotted lines (upper/lower)
ORANGE: displays 2 dotted lines (upper/lower)
RED: displays 2 dotted lines (upper/lower)
PURPLE: displays 2 dotted lines (upper/lower)
IMPORTANT:
What’s the distinction between the 4 color levels?
Essentially think of these levels on a rising scale of importance. While GREEN levels are certainly key, they do not hold the same level of significance as the PURPLE levels.
To get access to Aspen's S/R Levels - simply purchase an annual license for $595 at the link below. Once the transaction is complete, we will email you asking you for your TradingView username and get you permisisoned within 12-hours.
RobocanThis script is equipped with
🔵 Robo 2
It offers strategic trading entry and exit points. Truly unique tool for technical analysis for the financial market as it includes calculation of specific metrics like MACD, ATR and RSI.
🔵 Bull & Bear
The signal can be a fairly valuable tool. Momentum is one of those aspects of the market that is crucial to understanding price movements, yet it is so hard to get a solid grip on. It can be used in some instances to generate quality signals but much like with any signal generating indicator, it should be used with caution.
When indicator gives you " Bull " signal , short term momentum is now rising faster than the long term momentum. This can present a bullish buying opportunity.
When indicator gives you "Bear " signal, short term momentum is now falling faster then the long term momentum. This can present a bearish selling opportunity.
🔵 Robo's Cloud
The indicator inspired from Ichimoku CLoud, it uses an unique formula to generate clouds on its own system!
" BUY or ENTER "when the price breaks the Cloud in the direction of the breakout (UP ) and the cloud turns to green colour. Stay in the market until the cloud turns to red colour. Let's assume that You are a swing trader and use 1D candles as long as The candle is above the "green " cloud , you should continue with a trend! No need to hurry to sell until you see the " red " cloud.
🔵 Super Robo
It can perform greatly in a bull and bear market
It's unique algorithm find profitable coins based on "Early Bird + Buy 2 + Volume "gives you ENTRY and EXIT ideas
It works perfectly on the 1W - 3D - 1D charts
🔵 Hell & Moon
When the “Moon or Hell “closes below top of the closing price, a Moon - Buy signal is generated
It works perfectly on the 1W - 1D - 3H charts
🔵 Early Bird Signals
Being an early bird rather than a night owl will naturally lead you to become more successful in trading. There is no secret magic formula to success; this is something you must accept. Trading success is the result of a ‘simple’ list made up of four things: hard work, timing, persistence , and a good dose of Early Bird signals.
it provides high risk & high reward opportunities.
Dont use more than 3 Robo signals at the same time on the chart. Why?
Example, Robo 2 already included 3 different indicators in the formula.
Robo 2 : Truly unique tool for technical analysis for the financial market as it includes calculation of specific metrics like SAR + MACD + Price Movement that gives you ENTRY and EXIT ideas ( Buy 2 & Sell 2 )
If you use more than 3 robo signals, you try to use around " 10 - 12 " different indicators at the same time!
DON'T DO IT!
To get maximum results from your robo advisors, follow the advice below ;
A ) 3 robo signals
B ) 3 robo signals + 1 side strategy
A or B + Pick one bonus below
Dynamic Support Resistance,
Fibonacci Levels
Pivot Support Resistance
Robo signals :
Robo 1
Robo 2
Super EngineeringRobo
Robo 3
Robo 4
Bull & Bear
Hell & Moon
Early Bird
EngineeringRobo's cloud
Ultimate MA crossover strategy
Side strategies :
McGinley Dynamic
Bollinger Bands Strategy
MA 20 & MA 50
MA 50 & MA 200
EMA Trendlines
Robo ( 2 + 3 ) shows you that if the signals are covering each other. So, It is good to keep open it when you use Robo 2 and Robo 3 at the same time.
If you are following any signals, you should always wait for the candle close before buying or selling.
The signal can come and go anytime during the live candle. ALL indicators do that, that is not considered repainting.
Repainting is when a signal appears, the candle is closed, and when you refresh the chart it disappeared. It is logical that until the candle is closed the signal is not decided yet, hence the alert setup as Once per bar Close.
Deluxe never repaints! Yes, you heard it right: you will never have to worry about signal changing after the candle is closed.
________________________________________________________________________Timeframes_____________________________________________________________________
Our recommendations to get the best results:
Swing Trading Crypto : Use 1D Time Frame Candles
Swing Trading Stocks : Use 1W Time Frame Candles
Swing Trading Commodities : Use 1W Time Frame Candles
Day Trading Crypto : Use 3H Time Frame Candles
Day Trading Stocks : Use 1D Time Frame Candles
Day Trading Commodities : Use 1D Time Frame Candles
Not recommended any other time frames.
It gives you all the tools and information you need for day-to-day trading and investing, while also keeping a great buy and sell signals! No excuse to lose in any financial market anymore! Try now!
How can you add the algorithm into your chart?
1. Login to TradingView.com
2. From the homepage, click on ‘Chart’ in the top navigation bar
3. Select “Indicators” on the top-center-middle panel
4. In the indicator library, type "Robocan "
5. Use the website link below to obtain access to this indicator
INTRADAY/SWING TRADING - 3 EMASEstimados/as inversores:
Diagramé este indicador para hacer tradings de corto o muy corto plazo.
Es un indicador que a simple vista ayuda al usuario a entrar en posiciones de Compra o de Venta.
Este indicador es un sistema de 3 EMAS. La primera, la de color verde es una EMA de 4 periodos. La segunda, la de color amarillo es una EMA de 9 periodos. Y por último, la de color rojo es una EMA de 18 periodos.
Por otro lado tiene señales de Compra y de Venta las cuales tienen una alta eficacia y eficiencia.
Las señales de BUY (Compra) se dan cuando la EMA verde cruza al alza a la EMA roja. Las señales de SELL (Venta) se dan cuando la EMA roja cruza a la baja a la EMA verde.
En algunas ocasiones, estos cruces se pueden producir muy rápido generando unas falsas entradas en compra o en venta según corresponda.
Para subsanar esto, es importante que se utilice este sistema de BUY y SELL con las columnas de color verde o rojo según corresponda según se ve el gráfico.
El fondo de color verde se da cuando la EMA verde y la EMA amarilla se encuentran por encima de la EMA roja. Sin embargo, cuando la EMA roja se encuentra por encima de la EMA verde y de la EMA amarilla el fondo es de color rojo.
Es importante remarcar que si la EMA verde está por encima de la EMA roja pero la EMA amarilla se encuentra por debajo de la EMA roja, en el gráfico no se va a ver ningún color de fondo. Por otro lado, cuando la EMA verde este por debajo de la EMA roja, pero la EMA amarilla todavía se encuentre por encima de la EMA roja, tampoco va a poder verse ningún tipo de color de fondo.
En resumidas cuentas:
COMPRA-BUY -> Cuando aparezca la señal de BUY y además, esta señal se complemente con un fondo de color VERDE, entonces debemos entrar en LONG. Para cerrar la operación, de manera ganadora, tenemos que esperar a que desaparezca el color de fondo VERDE.
VENTA-SELL -> Cuando aparezca la señal de SELL y además, esta señal se complemente con un fondo de color ROJO, entonces, debemos entrar en SHORT. Para cerrar la operación, de manera ganadora, tenemos que esperar a que desparezca el color de fondo ROJO.
RECOMENDACIÓN: Siempre tener presente que cada inversor tiene una aversión al riesgo distinta. Por favor, cada uno que use este indicador, primero haga una gestión de riesgo y utilice SIEMPRE Stop Loss luego de abrir una posición ya sea estipulando que el precio va a subir o a bajar, es decir, entrando en LONG o en SHORT.
Espero que este indicador les sirva.
Saludos a todos.
DEAR INVESTORS:
I plotted this indicator for short or very short term trading.
It is an indicator that at a glance helps the user to enter Buy or Sell positions.
This indicator is a 3 EMAS system. The first, the green one, is a 4-period EMA . The second one, the one in yellow, is a 9-period EMA . And finally, the one in red is an EMA of 18 periods.
On the other hand, it has Buy and Sell signals which are highly effective and efficient.
The BUY signals are given when the green EMA crosses higher than the red EMA . SELL (Sell) signals are given when the red EMA crosses down to the green EMA .
On some occasions, these crosses can occur very quickly, generating false tickets for purchase or sale as appropriate.
To correct this, it is important that this system of BUY and SELL is used with the green or red columns as appropriate as the graph is seen.
The green colored background occurs when the green EMA and the yellow EMA are above the red EMA . However, when the red EMA is above the green EMA and the yellow EMA the bottom is red.
It is important to note that if the green EMA is above the red EMA but the yellow EMA is below the red EMA , no background color will be seen on the chart. On the other hand, when the green EMA is below the red EMA , but the yellow EMA is still above the red EMA , you will not be able to see any kind of background color either.
In short:
BUY-BUY -> When the BUY signal appears and this signal is complemented by a GREEN background, then we must enter LONG. To close the operation, in a winning way, we have to wait for the GREEN background color to disappear.
VENTA-SELL -> When the SELL signal appears and also this signal is complemented with a RED background, then, we must enter SHORT. To close the operation, in a winning way, we have to wait for the RED background color to disappear.
RECOMMENDATION: Always keep in mind that each investor has a different aversion to risk. Please, everyone who uses this indicator, first do a risk management and ALWAYS use Stop Loss after opening a position either by stipulating that the price is going to rise or fall, that is, entering LONG or SHORT.
I hope this indicator helps you.
Greetings to all.
[blackcat] L2 Ehlers Fisherized Deviation Scaled OscillatorLevel: 2
Background
John F. Ehlers introuced Fisherized Deviation Scaled Oscillator in Oct, 2018.
Function
In “Probability—Probably A Good Thing To Know,” John Ehlers introduces a procedure for measuring an indicator’s probability distribution to determine if it can be used as part of a reversion-to-the-mean trading strategy. Dr. Ehlers demonstrates this method with several of his existing indicators and presents a new indicator that he calls a deviation-scaled oscillator with Fisher transform. It charts the probability density of an oscillator to evaluate its applicability to swing trading.
Key Signal
FisherFilt --> Ehlers Fisherized Deviation Scaled Oscillator fast line
Trigger --> Ehlers Fisherized Deviation Scaled Oscillator slow line
Pros and Cons
100% John F. Ehlers definition translation, even variable names are the same. This help readers who would like to use pine to read his book.
Remarks
The 91th script for Blackcat1402 John F. Ehlers Week publication.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
[blackcat] L2 Swing Oscillator Swing MeterLevel: 2
Background
Swing trading is a type of trading aimed at making short to medium term profits from a trading pair over a period of a few days to several weeks. Swing traders mainly use technical analysis to look for trading opportunities. In addition to analyzing price trends and patterns, these traders can also use fundamental analysis.
Function
L2 Swing Oscillator Swing Meter is an oscillator based on breakouts. Another important feature of it is the swing meter, which confirms the top or bottom's confidence level with different color candles. The higher of the candles stack up, the higher confidence level is indicated.
Key Signal
absolutebot ---> absolute bottom with very high confidence level
ltbot ---> long term bottom with high confidence level
mtbot ---> middle term bottom with moderate confidence level
stbot ---> short term bottom with low confidence level
absolutetop ---> absolute top with very high confidence level
lttop ---> long term top with high confidence level
mttop ---> middle term top with moderate confidence level
sttop ---> short term top with low confidence level
fastline ---> oscillator fast line
slowline ---> oscillator slow line
Pros and Cons
Pros:
1. reconfigurable swing oscillator based on breakouts
2. swing meter can confirm/validate the bottom and top signal
Cons:
1. not appliable with trading pairs without volume information
2. small time frame may not trigger swing meter function
Remarks
This is a simple but very comprehensive technical indicator
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
Stock Analysis SoftwareStock Analysis Software is a full trading setup and style that is meant for swing trading stocks, but can also be used for Forex, cryptocurrencies, indices and commodities. Whatever your choice of trading style (Intraday, Scalping, Swing trading, Investing) or trading instrument is (FX, Futures, Cryptos, Stocks) I can tailor it for you specifically. For example if you want to use it for trading Forex intraday I will show you how to use it for that.
The software consists of 11 indicators, 7 are custom and 4 are common and well known indicators available on Tradingview. The system itself is part software and part learning my specific pattern finding techniques. There is no one without the other. This is a complete system
This trading system is something I have developed over the last 10 years through extensive research and development and is now available on this platform.
The indicators used are mostly screening for trend breakouts, support and resistance, specific candle patterns, overextended, volume spikes and more.
This is a system that can be taught easily if one is motivated to learn.
The setup includes a video guide and a live one-on-one full breakdown on how to use it to your benefit.
Trade Crusher: Swing and Day Trade IndicatorHow to use the indicator
Add to favorites/apply to chart.
The indicator can be used for both Swing trade and Intra-day trading.
Swing trading:
--Use with background colors
--Input: 30 or 36
--Time frame: Daily or Weekly
--Buy only when background is aqua
--Sell only when background is red
--Use with bars or candles (use candles without borders to avoid confusion). I suggest to just use bars.
--Place buy orders above the 1st or 2nd blue bar after black bars. The background must be aqua.
--Ignore yellow bars with aqua background. They are shake out bars at the beginning or a trend and warnings of reversal
towards the end of trend.
--Place sell orders bellow the 1st or 2nd yellow bar after black bars. The background must be red.
--Ignore blue bars with red background (same as above).
--Black bars are nothing: Pullbacks/Chop
Day Trading:
--DO NOT use background colors. Un-click.
--Input: 10
--Time frame: 5 minutes
--Use with bars or candles (use candles without borders to avoid confusion). I suggest to just use bars.
--Place buy orders above the 1st or 2nd blue bar after black bars.
--Place sell orders bellow the 1st or 2nd yellow bar after black bars.
--Utilize some sort of scanner that can identify stocks with heavy pre-market volume (news, earnings, etc)
***
Use stop losses however you normally do. Take profits however you normally do.
I do not suggest using with other indicators as you may just paralyze your brain, however, if you find something that works, drop a comment.
Best of luck
TrendShikari NTS - StudyTrendShikari NTS is a Nifty Index, Swing trading system with great profitability. This is the STUDY file for you to generate E-mail / SMS signal alerts (based on your TV plan) and to see crisp and clear graphical Daily trade level plotting. For seeing backtest results and next day trading levels in advance use the STRATEGY file from indicator library. Access to this system will be limited. See my profile status field to see how you can gain access.
Salient Features
1. Daily Bar System. System analyzes a Daily chart of NIFTY to give signals with average holding period of 5 days.
2. Automatic Long and Short signal generation. No need to draw waves / lines and other fancy stuff on your charts to analyze NIFTY any more.
3. Backtester Results Available - Thanks to TradingView, backtest results for previous years (from 1990) are available right in the charting platform for NIFTY.
Having a good trading system is one thing and trading it to make money is a whole different ball game. One thing you must always do if you want to mimic the backtest results in live trading is to follow the rules mentioned below as if your life depends on it.
Trading Rules
1. Each day the system gives you a Long and Short trading level. You go Long on NIFTY when the Daily Long level is breached and you go Short on NIFTY when the Daily Short Level is breached.
2. Trade using Nifty Options, In the Money calls, one strike below the nearest strike price for going Long using Call Option or one strike above the nearest strike price for going Short using Put Option.
3. Preset exit and entry orders of appropriate option contracts every day at market open. To set the levels see the difference in Nifty spot price and the trading levels given by system and then multiply it with 0.8 to give an approximate order trigger price in both directions for the corresponding option contracts.
4. Book profit when Nifty moves significantly along signal direction. Every time NIFTY moves 100 points in your direction you exit the current option contract and enter a trade in the next strike price in the same direction.
5. Rollover before expiry. Its important that you rollover (ideally one day before the expiry day) your Option contact positions by exiting the current month contract and take a new position in the next month contract of the same type and strike price of the current month contract.
6. Trade only Nifty using this system. Also Daily chart has to be used for trading. System parameters have been tested and optimized for Nifty Index Daily patterns only and hence is likely to give stated results with Nifty Daily chart only.
7. Trade all signals. Don't pick and choose or add your own or someone else's analysis to filter the signals. Take confidence from the objective backtest results and not any subjective interpretations.
8. Trade with only that amount of money you can afford to loose. Initial capital that you need to have to trade one lot of NIFTY Option using this system should be at least INR 150000. You need only INR 7500 - 15000 to open a position and the rest is the margin of safety you need to have in your trading account to account for drawdowns in trading. You can add the capital in a staggered need to basis to your trading account. But make sure you have the initial capital mentioned above at your disposal, if need be.
As always your thoughts and inputs are welcome. Happy Trading !!!
4H & 1D Sig_chartbugRohmoohyun is alive
Auxiliary Indicator for Buy/Sell Signals Using Bollinger Bands and Moving Averages.
Recommended for NASDAQ, Gold, Oil, BTC, Stocks on 4-hour or higher timeframes.
For Ethereum, Ripple, and other volatile altcoins, it is advisable to also check the daily chart.
Indicator Idea: This strategy utilizes two types of indicators: Bollinger Bands as a volatility (or momentum) indicator, and Moving Averages as a trend indicator. A triangle signal is generated in zones where the Bollinger Bands converge (squeeze). After a candle closes, a Rocket icon will appear, at which point a trading strategy can be devised based on the prevailing trend indicated by the Moving Averages.
Indicator Feature: When used on timeframes of 4 hours or higher, this indicator is extremely powerful for establishing trading criteria, especially when combined with trend analysis and support/resistance zones.
Basic Trading Method: Enter a position at the Rocket icon + Immediately set a stop-loss (e.g., at the previous low/high, a maximum loss threshold like 2% of capital, or at a level planned for a second entry to average down) + Take partial profit (e.g., 50%) at your desired TP level, then move the stop-loss to your entry price (break-even) and hold the remainder of the position.
Recommended Timeframes: 5-minute, 4-hour, 1-day.
Trading Strategy
Pullback Trading / Trend Reversal Trading.
Instrument Selection (Commodities & Indices, Crypto, NASDAQ-listed Stocks).
Understand Instrument Characteristics (The three categories behave differently, so backtesting before use is essential).
a) Bullish Alignment (Price > 20MA > 200MA)
: Focus primarily on long (buy) positions.
: If attempting a counter-trend (short) trade, do so only with multiple confirmations, such as RSI/Disparity divergence and a major resistance zone. Use a tight stop-loss.
b) Bearish Alignment (Price < 20MA < 200MA)
: The opposite of the above; focus on short (sell) positions.
c) During a Bullish Trend, Price is Between MAs (200MA < Price < 20MA)
: This indicates either a consolidation phase within an uptrend or a potential early sign of a reversal to a downtrend. Consider both possibilities.
: A possible approach is to allocate capital with a 60% bias to long positions and a 40% bias to short positions (unlike in full bullish/bearish alignments where counter-trend trading has a poor risk/reward ratio).
: If it turns out to be a reversal point, you can enter a position at the very beginning of a new trend, allowing for a longer ride.
: It's recommended to take partial profits rather than closing the entire position. For instance, close half and move the stop-loss to your entry price to eliminate risk while keeping profit potential open.
d) During a Bearish Trend, Price is Between MAs (200MA > Price > 20MA)
: The opposite of the above.
Instrument-Specific Characteristics
Commodities & Indices (NASDAQ, Oil, Gold)
: The indicator was primarily developed and tested on NASDAQ and Gold, so it tends to work well with them.
: However, NASDAQ often exhibits strong, one-way trends, so a trend-following approach is highly recommended.
: Gold and Oil tend to have significant reversals from key support/resistance zones.
Crypto
: These assets are extremely volatile, so use this indicator with caution and skill.
: It performs reasonably well with BTC. For anything from Ethereum downwards, the price action can be chaotic, so it's crucial to use the daily chart and other confirming factors.
: Instead of frequent day trading, focus on long-term positions, reduce the number of trades, and aim for entries with a good average price.
NASDAQ-listed Stocks
: Recommended for a long-term, accumulation-style investment approach.
: Use the indicator not as a signal that "it will pump immediately!" but rather as a sign that "this is a decent entry point to build a position."
: Alternatively, it can be used for more active swing trading (buy, sell, repeat).
Important Disclaimers
This is an auxiliary indicator, as the name implies. Do not trust it blindly.
When entering a position, immediately set your stop-loss or have a plan for a single additional entry (max one recommended).
Always use it in conjunction with other forms of analysis.
Track your performance (win rate, risk/reward ratio) based on this strategy.
Continuously refine and improve your approach.
Choppiness ZONE OverlayPurpose
This script overlays choppiness zones directly onto the price chart to help traders identify whether the market is trending or ranging. It is designed to filter out low-probability trades during high choppiness conditions.
How It Works
Calculates the Choppiness Index over a user-defined period using ATR and price range.
Divides choppiness into four zones:
30 to 40: Low choppiness, possible trend initiation, shown in yellow.
40 to 50: Moderate choppiness, transition zone, shown in orange.
50 to 60: High choppiness, weakening momentum, shown in red.
60 and above: Extreme choppiness, avoid trading, shown in purple.
Highlights each zone with customizable color fills between the high and low of the selected range.
Triggers a real-time alert when choppiness exceeds 60.
Features
Customizable choppiness zones and color settings.
Real-time alert when market becomes extremely choppy (choppiness ≥ 60).
Visual zone overlay on the price chart.
Compatible with all timeframes.
Lightweight and responsive for scalping, intraday, or swing trading.
Tip
Use this tool as a volatility or trend filter. Combine it with momentum or trend-following indicators to improve trade selection.
📊 📊 Support Resistance Channels (15M,D) by.DCX
🔥 The only indicator you’ll ever need for scalping or swing trading. Period.
💡 Tired of messy charts full of meaningless lines?
This script automatically draws only the most meaningful support and resistance levels based on pivots –
optimized for both 15-minute scalping and daily timeframe swing trading.
💥 Why This Indicator Is a Game-Changer:
✅ Automatic Precision Detection – Finds real, battle-tested levels using pivot highs/lows
✅ Smart Noise Reduction – Merges nearby zones to reduce clutter
✅ Timeframe-Aware Logic
🔹 Daily Zones (Blue): Always visible
🔹 15-Minute Zones (Purple): Only shown when viewing timeframes below 4H
✅ Fully Customizable
🔹 Adjust pivot sensitivity, number of lines, merge distance – everything
🧠 Who Should Use This?
Scalpers who want sniper-level entries based on proven intraday zones
Swing traders who need clean, reliable daily levels
Anyone who hates cluttered charts and wants clarity
📈 Pro Tips:
Lower the “Max S/R Levels” to show only the most critical zones
👉 Try setting to 3–5 to highlight institutional-grade levels
Tune “Merge Distance (%)” to filter overlapping zones (recommended: 0.3–0.5%)
💬 TL;DR
🧲 “You’ll never need to draw S/R lines manually again. This script does it smarter.”
SimpleBiasSimpleBias - Multi-Timeframe Bias Analysis Indicator
Overview
SimpleBias is a comprehensive multi-timeframe bias analysis indicator designed to help traders make informed trading decisions by displaying market bias across multiple timeframes in a clean, organized table format.
Key Features
Multi-Timeframe Analysis
8 Timeframes Supported : 1M, 1W, 1D, 4H, 1H, 15m, 5m, 1m
Adaptive Display : Shows only relevant timeframes based on current chart timeframe
Real-time Bias Detection : Compares current open price with previous period's open price
Signal Generation
Day Trading Mode : Ideal for 15-minute timeframe analysis
Scalping Mode : Optimized for 5-minute timeframe trading
Signal OFF : Pure bias analysis without trade signals
Customization Options
Theme Support : Light mode and dark mode with automatic color adaptation
Position Control : Table can be positioned at top-right, middle-right, or bottom-right
Size Options : Tiny, small, or normal text size
Color Customization : Full control over bias colors, signal colors, and interface elements
Transparency : Optional transparent background for cleaner chart appearance
How It Works
Bias Calculation
The indicator determines market bias by comparing the current timeframe's open price with the previous period's open price:
BULLISH : Current open > Previous open
BEARISH : Current open < Previous open
NEUTRAL : Current open = Previous open
Adaptive Timeframe Display
The indicator intelligently shows only relevant timeframes based on your current chart:
On 1M chart: Shows 1M bias only
On 1W chart: Shows 1M, 1W bias
On 1D chart: Shows 1M, 1W, 1D bias
And so on...
Signal Logic
Day Trading : Compares current price with 4H open price
Scalping : Compares current price with 1H open price
Usage Instructions
Add to Chart : Apply the indicator to any timeframe chart
Configure Settings :
- Choose table position and text size
- Select signal mode (OFF/Day Trade/Scalping)
- Customize colors and theme
Interpret Results :
- Green/Blue text = Bullish bias
- Red text = Bearish bias
- Gray text = Neutral bias
Customization Guide
Theme Settings
Light Mode : Traditional white background with dark text
Dark Mode : Dark background with light text, optimized for dark charts
Transparent Background : Clean overlay without background color
Color Schemes
Bias Colors : Separate customization for bullish, bearish, and neutral bias
Signal Colors : Distinct colors for buy, sell, and neutral signals
Interface : Control table background and border colors
Best Practices
For Day Trading
Use 15-minute or 1-hour charts
Enable "Day Trade" signal mode
Focus on 4H and higher timeframe bias alignment
For Scalping
Use 5-minute charts
Enable "Scalping" signal mode
Watch for 1H and 4H bias alignment
For Swing Trading
Use 4H or daily charts
Keep signal mode OFF
Focus on weekly and monthly bias alignment
Important Notes
This indicator is for educational and analysis purposes only
Not financial advice - always do your own research
Past performance does not guarantee future results
Risk management is essential in all trading activities
Technical Specifications
Pine Script Version : v6
Overlay : True (displays on price chart)
Performance : Optimized with cached security requests
Compatibility : Works on all TradingView timeframes and instruments
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SimpleBias - Indikator Analisis Bias Multi-Timeframe
Gambaran Umum
SimpleBias adalah indikator analisis bias multi-timeframe yang komprehensif, dirancang untuk membantu trader membuat keputusan trading yang tepat dengan menampilkan bias pasar di berbagai timeframe dalam format tabel yang bersih dan terorganisir.
Fitur Utama
Analisis Multi-Timeframe
8 Timeframe Didukung : 1M, 1W, 1D, 4H, 1H, 15m, 5m, 1m
Tampilan Adaptif : Hanya menampilkan timeframe yang relevan berdasarkan timeframe chart saat ini
Deteksi Bias Real-time : Membandingkan harga open saat ini dengan harga open periode sebelumnya
Mode Sinyal Trading
Mode Day Trading : Ideal untuk analisis timeframe 15 menit
Mode Scalping : Dioptimalkan untuk trading timeframe 5 menit
Mode OFF : Analisis bias murni tanpa sinyal trading
Opsi Kustomisasi
Dukungan Theme : Mode terang dan gelap dengan adaptasi warna otomatis
Kontrol Posisi : Tabel dapat diposisikan di kanan-atas, kanan-tengah, atau kanan-bawah
Opsi Ukuran : Ukuran teks kecil, sedang, atau normal
Kustomisasi Warna : Kontrol penuh atas warna bias, warna sinyal, dan elemen interface
Transparansi : Background transparan opsional untuk chart yang lebih bersih
Cara Kerja
Perhitungan Bias
Indikator menentukan bias pasar dengan membandingkan harga open timeframe saat ini dengan harga open periode sebelumnya:
BULLISH : Open saat ini > Open sebelumnya
BEARISH : Open saat ini < Open sebelumnya
NEUTRAL : Open saat ini = Open sebelumnya
Petunjuk Penggunaan
Tambahkan ke Chart : Terapkan indikator ke chart timeframe apapun
Konfigurasi Settings :
- Pilih posisi tabel dan ukuran teks
- Pilih mode sinyal (OFF/Day Trade/Scalping)
- Sesuaikan warna dan theme
Interpretasi Hasil :
- Teks hijau/biru = Bias bullish
- Teks merah = Bias bearish
- Teks abu-abu = Bias neutral
Best Practices
Untuk Day Trading
Gunakan chart 15 menit atau 1 jam
Aktifkan mode sinyal "Day Trade"
Fokus pada alignment bias timeframe 4H ke atas
Untuk Scalping
Gunakan chart 5 menit
Aktifkan mode sinyal "Scalping"
Perhatikan alignment bias 1H dan 4H
Catatan Penting
Indikator ini hanya untuk tujuan edukasi dan analisis
Bukan nasihat keuangan - selalu lakukan riset sendiri
Performa masa lalu tidak menjamin hasil masa depan
Manajemen risiko sangat penting dalam semua aktivitas trading
SimpleBias membantu trader mempertahankan kesadaran terhadap bias pasar di berbagai timeframe, mendukung timing dan pengambilan keputusan yang lebih baik dalam strategi trading mereka.
(Mustang Algo) Stochastic RSI + Triple EMAStochastic RSI + Triple EMA (StochTEMA)
Overview
The Stochastic RSI + Triple EMA indicator combines the Stochastic RSI oscillator with a Triple Exponential Moving Average (TEMA) overlay to generate clear buy and sell signals on the price chart. By measuring RSI overbought/oversold conditions and confirming trend direction with TEMA, this tool helps traders identify high-probability entries and exits while filtering out noise in choppy markets.
Key Features
Stochastic RSI Calculation
Computes a standard RSI over a user-defined period (default 50).
Applies a Stochastic oscillator to the RSI values over a second user-defined period (default 50).
Smooths the %K line by taking an SMA over a third input (default 3), and %D is an SMA of %K over another input (default 3).
Defines oversold when both %K and %D are below 20, and overbought when both are above 80.
Triple EMA (TEMA)
Calculates three successive EMAs on the closing price with the same length (default 9).
Combines them using TEMA = 3×(EMA1 – EMA2) + EMA3, producing a fast-reacting trend line.
Bullish trend is identified when price > TEMA and TEMA is rising; bearish trend when price < TEMA and TEMA is falling; neutral/flat when TEMA change is minimal.
Signal Logic
Strong Buy: Previous bar’s Stoch RSI was oversold (both %K and %D < 20), %K crosses above %D, and TEMA is in a bullish trend.
Medium Buy: %K crosses above %D (without requiring oversold), TEMA is bullish, and previous %K < 50.
Weak Buy: Previous bar’s %K and %D were oversold, %K crosses above %D, TEMA is flat or bullish (not bearish).
Strong Sell: Previous bar’s Stoch RSI was overbought (both %K and %D > 80), %K crosses below %D, and TEMA is bearish.
Medium Sell: %K crosses below %D (without requiring overbought), TEMA is bearish, and previous %K > 50.
Weak Sell: Previous bar’s %K and %D were overbought, %K crosses below %D, TEMA is flat or bearish (not bullish).
Visual Elements on Chart
TEMA Line: Plotted in cyan (#00BCD4) with a medium-thick line for clear trend visualization.
Buy/Sell Markers:
BUY STRONG: Lime label below the candle
BUY MEDIUM: Green triangle below the candle
BUY WEAK: Semi-transparent green circle below the candle
SELL STRONG: Red label above the candle
SELL MEDIUM: Orange triangle above the candle
SELL WEAK: Semi-transparent orange circle above the candle
Candle & Background Coloring: When a strong buy or sell signal occurs, the candle body is tinted (semi-transparent lime/red) and the chart background briefly flashes light green (buy) or light red (sell).
Dynamic Support/Resistance:
On a strong buy signal, a green dot is plotted under that bar’s low as a temporary support marker.
On a strong sell signal, a red dot is plotted above that bar’s high as a temporary resistance marker.
Alerts
Strong Buy Alert: Triggered when Stoch RSI is oversold, %K crosses above %D, and TEMA is bullish.
Strong Sell Alert: Triggered when Stoch RSI is overbought, %K crosses below %D, and TEMA is bearish.
General Buy Alert: Triggered on any bullish crossover (%K > %D) when TEMA is not bearish.
General Sell Alert: Triggered on any bearish crossover (%K < %D) when TEMA is not bullish.
Inputs
Stochastic RSI Settings (group “Stochastic RSI”):
K (smoothK): Period length for smoothing the %K line (default 3, minimum 1)
D (smoothD): Period length for smoothing the %D line (default 3, minimum 1)
RSI Length (lengthRSI): Number of bars used for the RSI calculation (default 50, minimum 1)
Stochastic Length (lengthStoch): Number of bars for the Stochastic oscillator applied to RSI (default 50, minimum 1)
RSI Source (src): Price source for the RSI (default = close)
TEMA Settings (group “Triple EMA”):
TEMA Length (lengthTEMA): Number of bars used for each of the three EMAs (default 9, minimum 1)
How to Use
Add the Script
Copy and paste the indicator code into TradingView’s Pine Editor (version 6).
Save the script and add it to your chart as “Stochastic RSI + Triple EMA (StochTEMA).”
Adjust Inputs
Choose shorter lengths for lower timeframes (e.g., intraday scalping) and longer lengths for higher timeframes (e.g., swing trading).
Fine-tune the Stochastic RSI parameters (K, D, RSI Length, Stochastic Length) to suit the volatility of the instrument.
Modify TEMA Length if you prefer a faster or slower moving average response.
Interpret Signals
Primary Entries/Exits: Focus on “BUY STRONG” and “SELL STRONG” signals, as they require both oversold/overbought conditions and a confirming TEMA trend.
Confirmation Signals: Use “BUY MEDIUM”/“BUY WEAK” to confirm or add to an existing position when the market is trending. Similarly, “SELL MEDIUM”/“SELL WEAK” can be used to scale out or confirm bearish momentum.
Support/Resistance Dots: These help identify recent swing lows (green dots) and swing highs (red dots) that were tagged by strong signals—useful to place stop-loss or profit-target orders.
Set Alerts
Open the Alerts menu (bell icon) in TradingView, choose this script, and select the desired alert condition (e.g., “BUY Signal Strong”).
Configure notifications (popup, email, webhook) according to your trading workflow.
Notes & Best Practices
Filtering False Signals: By combining Stoch RSI crossovers with TEMA trend confirmation, most false breakouts during choppy price action are filtered out.
Timeframe Selection: This indicator works on all timeframes, but shorter timeframes may generate frequent signals—consider higher-timeframe confirmation when trading lower timeframes.
Risk Management: Always use proper position sizing and stop-loss placement. An “oversold” or “overbought” reading can remain extended for some time in strong trends.
Backtesting/Optimization: Before live trading, backtest different parameter combinations on historical data to find the optimal balance between sensitivity and reliability for your chosen instrument.
No Guarantee of Profits: As with any technical indicator, past performance does not guarantee future results. Use in conjunction with other forms of analysis (volume, price patterns, fundamentals).
Author: Your Name or Username
Version: 1.0 (Pine Script v6)
Published: June 2025
Feel free to customize input values and visual preferences. If you find bugs or have suggestions for improvements, open an issue or leave a comment below. Trade responsibly!
Levels Of Interest------------------------------------------------------------------------------------
LEVELS OF INTEREST (LOI)
TRADING INDICATOR GUIDE
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Table of Contents:
1. Indicator Overview & Core Functionality
2. VWAP Foundation & Historical Context
3. Multi-Timeframe VWAP Analysis
4. Moving Average Integration System
5. Trend Direction Signal Detection
6. Visual Design & Display Features
7. Custom Level Integration
8. Repaint Protection Technology
9. Practical Trading Applications
10. Setup & Configuration Recommendations
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1. INDICATOR OVERVIEW & CORE FUNCTIONALITY
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The LOI indicator combines multiple VWAP calculations with moving averages across different timeframes. It's designed to show where institutional money is flowing and help identify key support and resistance levels that actually matter in today's markets.
Primary Functions:
- Multi-timeframe VWAP analysis (Daily, Weekly, Monthly, Yearly)
- Advanced moving average integration (EMA, SMA, HMA)
- Real-time trend direction detection
- Institutional flow analysis
- Dynamic support/resistance identification
Target Users: Day traders, swing traders, position traders, and institutional analysts seeking comprehensive market structure analysis.
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2. VWAP FOUNDATION & HISTORICAL CONTEXT
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Historical Development: VWAP started in the 1980s when big institutional traders needed a way to measure if they were getting good fills on their massive orders. Unlike regular price averages, VWAP weighs each price by the volume traded at that level. This makes it incredibly useful because it shows you where most of the real money changed hands.
Mathematical Foundation: The basic math is simple: you take each price, multiply it by the volume at that price, add them all up, then divide by total volume. What you get is the true "average" price that reflects actual trading activity, not just random price movements.
Formula: VWAP = Σ(Price × Volume) / Σ(Volume)
Where typical price = (High + Low + Close) / 3
Institutional Behavior Patterns:
- When price trades above VWAP, institutions often look to sell
- When it's below, they're usually buying
- Creates natural support and resistance that you can actually trade against
- Serves as benchmark for execution quality assessment
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3. MULTI-TIMEFRAME VWAP ANALYSIS
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Core Innovation: Here's where LOI gets interesting. Instead of just showing daily VWAP like most indicators, it displays four different timeframes simultaneously:
**Daily VWAP Implementation**:
- Resets every morning at market open
- Provides clearest picture of intraday institutional sentiment
- Primary tool for day trading strategies
- Most responsive to immediate market conditions
**Weekly VWAP System**:
- Resets each Monday (or first trading day)
- Smooths out daily noise and volatility
- Perfect for swing trades lasting several days to weeks
- Captures weekly institutional positioning
**Monthly VWAP Analysis**:
- Resets at beginning of each calendar month
- Captures bigger institutional rebalancing at month-end
- Fund managers often operate on monthly mandates
- Significant weight in intermediate-term analysis
**Yearly VWAP Perspective**:
- Resets annually for full-year institutional view
- Shows long-term institutional positioning
- Where pension funds and sovereign wealth funds operate
- Critical for major trend identification
Confluence Zone Theory: The magic happens when multiple VWAP levels cluster together. These confluence zones often become major turning points because different types of institutional money all see value at the same price.
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4. MOVING AVERAGE INTEGRATION SYSTEM
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Multi-Type Implementation: The indicator includes three types of moving averages, each with its own personality and application:
**Exponential Moving Averages (EMAs)**:
- React quickly to recent price changes
- Displayed as solid lines for easy identification
- Optimal performance in trending market conditions
- Higher sensitivity to current price action
**Simple Moving Averages (SMAs)**:
- Treat all historical data points equally
- Appear as dashed lines in visual display
- Slower response but more reliable in choppy conditions
- Traditional approach favored by institutional traders
**Hull Moving Averages (HMAs)**:
- Newest addition to the system (dotted line display)
- Created by Alan Hull in 2005
- Solves classic moving average dilemma: speed vs. accuracy
- Manages to be both responsive and smooth simultaneously
Technical Innovation: Alan Hull's solution addresses the fundamental problem where moving averages are either too slow (missing moves) or too fast (generating false signals). HMAs achieve optimal balance through weighted calculation methodology.
Period Configuration:
- 5-period: Short-term momentum assessment
- 50-period: Intermediate trend identification
- 200-period: Long-term directional confirmation
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5. TREND DIRECTION SIGNAL DETECTION
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Real-Time Momentum Analysis: One of LOI's best features is its real-time trend detection system. Next to each moving average, visual symbols provide immediate trend assessment:
Symbol System:
- ▲ Rising average (bullish momentum confirmation)
- ▼ Falling average (bearish momentum indication)
- ► Flat average (consolidation or indecision period)
Update Frequency: These signals update in real-time with each new price tick and function across all configured timeframes. Traders can quickly scan daily and weekly trends to assess alignment or conflicting signals.
Multi-Timeframe Trend Analysis:
- Simultaneous daily and weekly trend comparison
- Immediate identification of trend alignment
- Early warning system for potential reversals
- Momentum confirmation for entry decisions
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6. VISUAL DESIGN & DISPLAY FEATURES
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Color Psychology Framework: The color scheme isn't random but based on psychological associations and trading conventions:
- **Blue Tones**: Institutional neutrality (VWAP levels)
- **Green Spectrum**: Growth and stability (weekly timeframes)
- **Purple Range**: Longer-term sophistication (monthly analysis)
- **Orange Hues**: Importance and attention (yearly perspective)
- **Red Tones**: User-defined significance (custom levels)
Adaptive Display Technology: The indicator automatically adjusts decimal places based on the instrument you're trading. High-priced stocks show 2 decimals, while penny stocks might show 8. This keeps the display incredibly clean regardless of what you're analyzing - no cluttered charts or overwhelming information overload.
Smart Labeling System: Advanced positioning algorithm automatically spaces all elements to prevent overlap, even during extreme zoom levels or multiple timeframe analysis. Every level stays clearly readable without any visual chaos disrupting your analysis.
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7. CUSTOM LEVEL INTEGRATION
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User-Defined Level System: Beyond the calculated VWAP and moving average levels, traders can add custom horizontal lines at any price point for personalized analysis.
Strategic Applications:
- **Psychological Levels**: Round numbers, previous significant highs/lows
- **Technical Levels**: Fibonacci retracements, pivot points
- **Fundamental Targets**: Analyst price targets, earnings estimates
- **Risk Management**: Stop-loss and take-profit zones
Integration Features:
- Seamless incorporation with smart labeling system
- Custom color selection for visual organization
- Extension capabilities across all chart timeframes
- Maintains display clarity with existing indicators
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8. REPAINT PROTECTION TECHNOLOGY
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Critical Trading Feature: This addresses one of the most significant issues in live trading applications. Most multi-timeframe indicators "repaint," meaning they display different signals when viewing historical data versus real-time analysis.
Protection Benefits:
- Ensures every displayed signal could have been traded when it appeared
- Eliminates discrepancies between historical and live analysis
- Provides realistic performance expectations
- Maintains signal integrity across chart refreshes
Configuration Options:
- **Protection Enabled**: Default setting for live trading
- **Protection Disabled**: Available for backtesting analysis
- User-selectable toggle based on analysis requirements
- Applies to all multi-timeframe calculations
Implementation Note: With protection enabled, signals may appear one bar later than without protection, but this ensures all signals represent actionable opportunities that could have been executed in real-time market conditions.
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9. PRACTICAL TRADING APPLICATIONS
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**Day Trading Strategy**:
Focus on daily VWAP with 5-period moving averages. Look for bounces off VWAP or breaks through it with volume. Short-term momentum signals provide entry and exit timing.
**Swing Trading Approach**:
Weekly VWAP becomes your primary anchor point, with 50-period averages showing intermediate trends. Position sizing based on weekly VWAP distance.
**Position Trading Method**:
Monthly and yearly VWAP provide broad market context, while 200-period averages confirm long-term directional bias. Suitable for multi-week to multi-month holdings.
**Multi-Timeframe Confluence Strategy**:
The highest-probability setups occur when daily, weekly, and monthly VWAPs cluster together, especially when multiple moving averages confirm the same direction. These represent institutional consensus zones.
Risk Management Integration:
- VWAP levels serve as dynamic stop-loss references
- Multiple timeframe confirmation reduces false signals
- Institutional flow analysis improves position sizing decisions
- Trend direction signals optimize entry and exit timing
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10. SETUP & CONFIGURATION RECOMMENDATIONS
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Initial Configuration: Start with default settings and adjust based on individual trading style and market focus. Short-term traders should emphasize daily and weekly timeframes, while longer-term investors benefit from monthly and yearly level analysis.
Transparency Optimization: The transparency settings allow clear price action visibility while maintaining level reference points. Most traders find 70-80% transparency optimal - it provides a clean, unobstructed view of price movement while maintaining all critical reference levels needed for analysis.
Integration Strategy: Remember that no indicator functions effectively in isolation. LOI provides excellent context for institutional flow and trend direction analysis, but should be combined with complementary analysis tools for optimal results.
Performance Considerations:
- Multiple timeframe calculations may impact chart loading speed
- Adjust displayed timeframes based on trading frequency
- Customize color schemes for different market sessions
- Regular review and adjustment of custom levels
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FINAL ANALYSIS
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Competitive Advantage: What makes LOI different is its focus on where real money actually trades. By combining volume-weighted calculations with multiple timeframes and trend detection, it cuts through market noise to show you what institutions are really doing.
Key Success Factor: Understanding that different timeframes serve different purposes is essential. Use them together to build a complete picture of market structure, then execute trades accordingly.
The integration of institutional flow analysis with technical trend detection creates a comprehensive trading tool that addresses both short-term tactical decisions and longer-term strategic positioning.
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END OF DOCUMENTATION
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EMA 200 Monitor - Bybit CoinsEMA 200 Monitor - Bybit Coins
📊 OVERVIEW
The EMA 200 Monitor - Bybit Coins is an advanced indicator that automatically monitors 30 of the top cryptocurrencies traded on Bybit, alerting you when they are close to the 200-period Exponential Moving Average on the 4-hour timeframe.
This indicator was developed especially for traders who use the EMA 200 as a key support/resistance level in their swing trading and position trading strategies.
🎯 WHAT IT'S FOR
Multi-Asset Monitoring: Simultaneous monitoring of 30 cryptocurrencies without having to switch between charts
Opportunity Identification: Detects when coins are approaching the 200 EMA, a crucial technical level
Automated Alerts: Real-time notifications when a coin reaches the configured proximity
Time Efficiency: Eliminates the need to manually check chart collections
⚙️ HOW IT WORKS
Main Functionality
The indicator uses the request.security() function to fetch price data and calculate the 200 EMA of each monitored asset. With each new bar, the script:
Calculates the distance between the current price and the 200 EMA for each coin
Identifies proximity based on the configured percentage (default: 2%)
Displays results in a table organized on the chart
Generates automatic alerts when proximity is detected
Monitored Coins
Major : BTC, ETH, BNB, ADA, XRP, SOL, DOT, DOGE, AVAX
DeFi : UNI, LINK, ATOM, ICP, NEAR, OP, ARB, INJ
Memecoins : SHIB, PEPE, WIF, BONK, FLOKI
Emerging : SUI, TON, APT, POL (ex-MATIC)
📋 AVAILABLE SETTINGS
Adjustable Parameters
EMA Length (Default: 200): Exponential Moving Average Period
Proximity Percentage (Default: 2%): Distance in percentage to consider "close"
Show Table (Default: Active): Show/hide results table
Table Position: Position of the table on the chart (9 options available)
Color System
🔴 Red: Distance ≤ 1% (very close)
🟠 Orange: Distance ≤ 1.5% (close)
🟡 Yellow: Distance ≤ 2% (approaching)
🚀 HOW TO USE
Initial Configuration
Add the indicator to the 4-hour timeframe chart
Set the parameters according to your strategy
Position the table where there is no graphic preference
Setting Alerts
Click "Create Alert" in TradingView
Select the "EMA 200 Monitor" indicator
Set the notification frequency and method
Activate the alert to receive automatic notifications
Results Interpretation
The table shows:
Coin: Asset name (e.g. BTC, ETH)
Price: Current currency quote
EMA 200: Current value of the moving average
Distance: Percentage of proximity to the core code
💡 STRATEGIES TO USE
Reversal Trading
Entry: When price touches or approaches the EMA 200
Stop: Below/above the EMA with a safety margin
Target: Previous resistance/support levels
Breakout Trading
Monitoring: Watch for currencies consolidating near the EMA 200
Entry: When the media is finally broken
Confirmation: Volume and close above/below the EMA
Swing Trading
Identification: Use the monitor to detect setups in formation
Timing: Wait for the EMA 200 to approach for detailed analysis
Management: Use the EMA as a reference for stops dynamics
⚠️ IMPORTANT CONSIDERATIONS
Technical Limitations
Request Bybit data: Access to exchange symbols required
Specific timeframe: Optimized for 4-hour analysis
Minimum delay: Data updated with each new bar
Usage Recommendations
Combine with technical analysis: Use together with other indicators
Confirm the configuration: Check the graphic patterns before trading
Manage risk: Always use stop loss and adequate position sizing
Backtesting: Test your strategy before applying with real capital
Disclaimer
This indicator is a technical analysis tool and does not constitute investment advice. Always do your own analysis and manage detailed information about the risks of your operations.
🔧 TECHNICAL INFORMATION
Pine Script version: v6
Type: Indicator (overlay=true)
Compatibility: All TradingView plans
Resources used: request.security(), arrays, tables
Performance: Optimized for multiple simultaneous queries
📈 COMPETITIVE ADVANTAGES
✅ Simultaneous monitoring of 30 major assets ✅ Clear visual interface with intuitive core system ✅ Customizable alerts for different details ✅ Optimized code for maximum performance ✅ Flexible configuration adaptable to different strategies ✅ Real-time update without the need for manual refresh
Developed for traders who value efficiency and accuracy in identifying market opportunities based on the EMA 20
MaYA Maths V4This tool is built by using cosmic vibration numbers and incorporating the same alongwith moving averages, stochastics and rsi.
A SINGLE TOOL THAT HELPS YOU TO CHOOSE YOUR TRADING STYLE AND DISHA IS THE TOOL WHICH CAN BE APPLIED ON ALL TIME FRAMES
GUIDE TO COSMIC MATH TOOL
• Options Strategy
• This tool works on the vibration of number “3”.
• This tool is a option buying strategy
• It works best on M3 time frame with index options
• Choose the nearest strike price based on the close of first M3 candle on the spot (both CE and PE)
• Ensure that the close on the options M3 candle, both CE and PE are as near to each other as possible. One will need to adjust either one of the strike prices to achieve the same.
• Close of price above BULLS line on one of the strikes must be complimented by a close below BEARS line on the opposite strike. If this does not happen at the same time candle, wait for this condition to be met.
• Check if there is a valid Buy signal preceding or on the time candle that closes above BULLS line.
• Once above condition is met, take the trade at the BULLS line. Targets are defined.
• Ideal stoploss is 7% from BULLS line.
• Breakout Level Strategy :
o This tool works best with M5 timeframe (alternatively M3).
o Best suitable to understand the direction of the financial asset.
o If price is between white and green line, the inference is rangebound with bearish bias. If price breaks below green line, bearish view can be taken. Check for the Sell signal and take trades in futures or corresponding options.
o If price is between white and red line, the inference is rangebound with bullish bias. If price breaks above red line, bullish view can be taken. Check for Buy signal and take trades in futures or corresponding options.
o Targets are defined by grey lines.
• STORSI – Confirmation Indicator
o STORSI is to be used only as a confirmation indicator.
o It is used in combination with Options Strategy & Breakout Level Strategy.
o This can be used on any time frame.
o Example below shows the position of price with respect to STORSI and confirmation of trades.
• DISHA
o This is a tool, which gives real time buy and sell signals, with background paint to understand the general trend of the market.
o For BUY
Green Background
Yellow Candle
Preceding Buy Signals
Buy at Market at close of yellow candle
SL – Red Line
Look for 1:2 risk reward ratio or until you get a SELL signal
o For SELL
Red Background
White Candle
Preceding Sell Signals
Sell at market at close of white candle
SL – Green Line
Look for 1:2 risk reward ratio or until you get a BUY signal
o This tool can be used on all time frames. M2 timeframe suits best for Options trading (intraday). M5 for Futures trading (intraday). M15 for Futures and Stocks (Swing Trading). Daily timeframe for Positional trading.
Dear Traders SwingX Score v1🎯 Dear Traders SwingX Score
A powerful swing trading indicator that combines momentum, trend strength, and volume analysis to identify high-probability trading opportunities.
🔍 Key Features:
Multi-factor Scoring System (1-5 for bullish, -1 to -5 for bearish)
Volume Confirmation (with MA filter for stronger signals)
Trend Strength Analysis (proprietary ADX calculation)
Momentum Detection (custom RSI thresholds)
Clear Visual Signals (color-coded labels above/below bars)
💡 How It Works:
The indicator evaluates:
Trend strength using a modified ADX formula
Momentum conditions through specialized RSI thresholds
Volume confirmation with moving average filter
Combines these factors into an easy-to-read scoring system
🚦 Signal Interpretation:
Positive Scores (1-5): Bullish opportunities (higher numbers = stronger signal)
Negative Scores (-1 to -5): Bearish opportunities
"*" Symbol: Volume-confirmed (stronger validity)
Neutral (0): Market in balance
⚙️ Customizable Settings:
Adjustable ADX length and threshold
Configurable RSI period
Volume MA length for confirmation filter
📈 Best Used For:
Swing trading and Holding Decision
Confirming other strategy signals
Identifying trend reversals early
Filtering high-probability entries
Note: This is a standalone indicator but works exceptionally well when combined with price action analysis and proper risk management.
🔥 Delta Emo + VWAP HUD (Clean) Delta Emo + VWAP HUD (Clean)
Overview
The Delta Emo + VWAP HUD (Clean) is a powerful and visually intuitive Pine Script® indicator designed to provide traders with real-time market insights directly on their charts. This all-in-one heads-up display (HUD) consolidates critical technical metrics—price action, volume surges, VWAP, RSI, MACD, and session time—into a sleek, customizable table. Built for traders who value clarity and efficiency, this indicator helps you stay focused on key market dynamics without cluttering your workspace.
Key Features
Price & Change Tracking : Displays the current price and percentage change, color-coded for quick identification of bullish (lime) or bearish (red) movements.
Volume Surge Detection : Identifies high-volume "HYPE" moments (volume > 1.5x the 20-period SMA) and directional volume trends (UP, DOWN, or NEUTRAL), highlighted with vivid orange for surges.
VWAP Integration : Tracks the Volume Weighted Average Price (VWAP) and signals whether the price is above (bullish, lime) or below (bearish, red) the VWAP line.
RSI Analysis : Monitors the 14-period Relative Strength Index (RSI), labeling overbought (>70), oversold (<30), or neutral conditions with dynamic color coding (orange for overbought, lime for oversold, gray for neutral).
MACD Trend : Evaluates the MACD (12, 26, 9) to display bullish (lime), bearish (red), or flat (gray) trends based on the MACD line's position relative to the signal line.
Session Clock : Shows the current time (HH:MM) for real-time session awareness.
Clean HUD Design : Presents all metrics in a compact, top-right table with a professional black background and white text, ensuring readability and minimal chart obstruction.
Why Use This Indicator?
The Delta Emo + VWAP HUD is ideal for traders seeking a streamlined, data-driven approach to decision-making. Whether you're a day trader, swing trader, or scalper, this indicator delivers actionable insights at a glance. The combination of volume surge detection, VWAP positioning, RSI conditions, and MACD trends empowers you to gauge market momentum, identify potential reversals, and align with broader trends—all from a single, user-friendly interface.
How It Works
The HUD updates on every bar, ensuring real-time data accuracy.
Color-coded metrics (lime for bullish, red for bearish, orange for high-energy states, gray for neutral) make it easy to interpret market conditions instantly.
The indicator is lightweight, overlay-friendly, and designed to complement any trading setup without overwhelming the chart.
Usage Tips
Scalping : Use volume surges ("HYPE") and VWAP positioning to time entries and exits during high-momentum periods.
Swing Trading : Leverage RSI and MACD signals to confirm trend direction and avoid overbought/oversold traps.
Customization : Adjust the RSI period, MACD settings, or volume surge threshold in the code to match your trading style.
License
This script is released under the Mozilla Public License 2.0 (mozilla.org).
Author
© StanTheTradingMan
Get Started
Add the Delta Emo + VWAP HUD (Clean) to your TradingView chart and take control of your trading with real-time, actionable insights. Stay ahead of the market with this clean, professional, and powerful tool!
TradeMaster PRO v1.0TradeMaster PRO v1.0 – Smart Entry/Exit + Risk Dashboard
TradeMaster PRO v1.0 is a high-performance trading assistant designed for precision entries, dynamic take-profits, and intelligent risk management. Built for intraday and swing traders, it combines trend detection, VWAP-based confluence, swing logic, and a fully integrated trade/risk dashboard.
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✅ Core Features:
• Smart Signal Logic:
• Combines Supertrend, ATR deviation zones, and VWAP-based filters.
• Filters signals with a 200 EMA trend confirmation.
• Alternating buy/sell logic avoids redundant entries.
• Dynamic Entry/Exit System:
• Entry price and stop-loss (SL) calculated automatically on each signal.
• Take Profits (TP1/TP2/TP3) can be based on:
• Previous swing highs/lows or
• Custom risk-reward ratios (R-Multiples).
• Trailing Stop Loss (TSL):
• Auto-adjusts based on TP hits for locking profits.
• SL → Entry after TP1, SL → TP1 after TP2, SL → TP2 after TP3.
• Live Trade Management Panel:
• Status messages like SL Hit, TP1/2/3 Hit, and Opposing Signal Alerts.
• All plotted visually on chart for clarity.
• Mini Trade Dashboard (Top-Right):
• Shows Entry, SL, TP levels, and their % distances from entry.
• Trade type (Buy/Sell) clearly marked.
• Risk Dashboard (Bottom-Right):
• Calculates:
• Ideal Position Size based on Account Size, Risk %, and Leverage.
• Capital Required.
• Live PnL and % of Position Closed.
• Dynamic Risk-Reward Ratios (Live / Max / Achieved).
• Alerts:
• Instant Buy/Sell alerts for automation or notification setup.
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⚙️ User Inputs:
• Supertrend parameters: ATR Length, Factor
• VWAP-based confluence tuning (Period, Alpha)
• Stop Loss %
• Swing Length for TP detection
• Toggle: Swing-based vs R-Multiple TPs
• TP R values: TP1/2/3
• Risk Settings: Account Size, Risk %, Leverage
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📊 Recommended Timeframes:
• Optimized for 5-min and above
• Ideal for intraday, short-term swing trading
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🚀 Use Cases:
• Manual traders looking for structured trade setups
• Algo-traders who want visual + quantitative signal support
• Strategy testers validating fixed RR models or swing logic
SMT Divergence [Dova Lazarus]Title: SMT
Description:
The SMT (Smart Money Technique) indicator is designed to help traders identify potential divergences between correlated assets, a key concept used in smart money trading strategies. It compares price action across two or more instruments to reveal hidden strength or weakness that may not be visible on a single chart.
Key Features:
Custom asset selection: Compare your main chart with any other TradingView symbol (e.g., BTC/USD vs. ETH/USD).
Real-time SMT divergence detection: Highlights potential bullish or bearish divergences when one asset makes a higher high/lower low while the other does not.
Visual markers: Plots intuitive visual cues directly on the chart to signal divergence.
Configurable timeframes: Use on any timeframe for both intraday and swing trading setups.
How to Use:
Select your base symbol (e.g., BTCUSD) on the chart.
In the indicator settings, choose a comparison symbol (e.g., ETHUSD).
Look for divergence signals:
Bearish SMT Divergence: Base symbol makes a higher high, comparison symbol fails to make a higher high → possible sell signal.
Bullish SMT Divergence: Base symbol makes a lower low, comparison symbol fails to make a lower low → possible buy signal.
This tool is ideal for traders following ICT (Inner Circle Trader) concepts or anyone interested in identifying smart money manipulation and market inefficiencies.
Position Size Calculator ProPosition Size Calculator Pro is a professional risk management tool that helps traders calculate optimal position sizes based on their account size, risk tolerance, and trade setup. The indicator provides real-time calculations with interactive price lines and a comprehensive horizontal table display for quick decision-making.
✨ Key Features
Multiple Entry Modes: Current price, manual price, or interactive buy line
Flexible Stop Loss Options: LOD (Low of Day), manual price, percentage-based, or interactive stop line
Advanced Risk Calculations: Includes brokerage impact and adjusted risk metrics
Interactive Price Lines: Visual buy and stop loss lines with real-time updates
Horizontal Table Display: Compact 2-row table showing all critical metrics
Smart Color Coding: Visual feedback based on risk and allocation levels
Professional UI: Clean, modern interface with intuitive controls
Indian Market Ready: Optimized for Indian trading with ₹ currency display
🔧 Input Parameters
💰 Risk Management
Account Size (₹): Total trading capital (default: 10,00,000)
Risk per Trade (%): Maximum risk percentage per trade (default: 0.25%, range: 0.01-5%)
Brokerage (%): Combined buy and sell brokerage (default: 0.12%, range: 0-2%)
📊 Entry & Stop Loss
Entry Mode: Choose between Current Price, Manual Price, or Buy Line
Manual Entry Price: Custom entry price (when Manual Price selected)
Stop Loss Mode: LOD SL, Manual SL, Manual SL %, or SL Line
Manual Stop Loss: Custom stop loss price
SL Percentage (%): Percentage below entry for stop loss (default: 2%, range: 0.1-20%)
📈 Interactive Lines
Buy Line Price: Interactive buy line (click on chart to set)
Stop Loss Line: Interactive stop loss line (click on chart to set)
Show Lines: Toggle line visibility
🎨 Display Options
Show Table: Toggle calculation table visibility
Table Size: Adjustable from tiny to huge
Position: Top, middle, or bottom placement
Alignment: Left, center, or right alignment
Update Frequency: Real-time or bar close
📊 Calculation Methodology
Position Size Formula
Position Size = (Account Size × Risk %) ÷ (Adjusted Risk per Share)
Risk Calculations
Base Risk: |(Entry Price - Stop Loss)| ÷ Entry Price × 100
Adjusted Risk: Includes brokerage impact on both entry and exit
Risk Amount: Position Size × Base Risk per Share
Brokerage Impact
Entry with Brokerage: Entry Price × (1 + Brokerage% ÷ 200)
Exit with Brokerage: Stop Loss × (1 - Brokerage% ÷ 200)
🎮 How to Use
Basic Setup
Set your account size and risk percentage
Configure brokerage percentage according to your broker
Choose entry and stop loss modes
The calculator automatically updates position size
Interactive Lines Setup
⚠️ IMPORTANT: After selecting line modes, refresh the chart to ensure lines are visible
For Buy Line:
Select Entry Mode: "Buy Line"
Set "Buy Line Price" or leave 0 for current price
Refresh chart to see the green buy line
Adjust price by clicking on chart or changing input value
For Stop Loss Line:
Select Stop Loss Mode: "SL Line"
Set "Stop Loss Line" or leave 0 for current low
Refresh chart to see the red stop loss line
Adjust price by clicking on chart or changing input value
Table Information
The horizontal calculation table displays:
SL: Stop Loss price
Entry: Entry price level
Risk%: Adjusted risk percentage (with brokerage)
SL%: Base stop loss risk percentage
Cap%: Account risk percentage setting
Qty: Recommended quantity to buy
Investment: Total investment amount required
Alloc%: Portfolio allocation percentage
Risk ₹: Total risk amount in Rupees
Color Coding Guide
Green Values: Positive/profitable metrics
Red Values: Risk/loss related metrics
Orange Values: Warning levels (high risk/allocation)
Blue Headers: Table headers
Bright Green Line: Buy line with target icon
Bright Red Line: Stop loss line with shield icon
🚨 Alert Conditions
Built-in Alerts
High Allocation Warning: Triggers when position exceeds 20% of account
High Risk Warning: Triggers when stop loss risk exceeds 5%
Invalid Position: Triggers when calculation parameters are invalid
Setting Up Alerts
Click "Add Alert" on the chart
Select "Position Size Calculator Pro"
Choose desired alert condition
Configure notification settings
⚠️ Important Notes & Troubleshooting
Interactive Lines
Lines not visible? Refresh the chart after selecting line modes
Lines moving together? Each line operates independently - check you're adjusting the correct price input
Default behavior: Buy line starts at current price, Stop line starts at current low
Price = 0: Uses automatic defaults (current price/low)
Risk Disclaimers
This tool is for educational purposes only
Always verify calculations independently
Consider market conditions, gaps, and liquidity
Past performance doesn't guarantee future results
Technical Limitations
Interactive lines require chart refresh for initial visibility
Calculations update based on selected frequency
Maximum 10 lines and 10 labels on chart simultaneously
Best Practices
Always set realistic account size
Never risk more than you can afford to lose
Consider slippage and market gaps in volatile conditions
Review calculations before placing actual trades
Use appropriate position sizing for your trading strategy
Refresh chart when switching between line modes
🛠️ Technical Requirements
TradingView account (any tier)
Pine Script v6 compatibility
Modern browser for interactive features
Real-time or delayed data feed
📈 Performance Features
The script includes several optimizations:
Efficient calculation updates based on frequency setting
Smart memory management for line drawings
Conditional table updates to reduce resource usage
Optimized number formatting for better readability
🎯 Use Cases
Day Trading
Quick position sizing for intraday setups
Real-time risk assessment
Interactive line placement for entry/exit planning
Swing Trading
Portfolio allocation management
Multi-timeframe risk analysis
Position size optimization for longer holds
Investment Planning
Capital allocation for stock purchases
Risk-based position sizing
Long-term portfolio management
Disclaimer: This tool is for educational and informational purposes only. Trading involves substantial risk of loss and is not suitable for all investors. Always conduct your own research and consider seeking advice from qualified financial professionals.
abusuhil bullish breakAbusuhil Bullish Break is a price action-based confirmation tool that identifies a bullish reversal pattern consisting of:
Two consecutive bearish candles followed by
A strong bullish candle that closes above the high of both.
The script includes:
Optional dual MACD filter (current timeframe + higher timeframe)
Configurable stop-loss and multiple take-profit levels
Visual lines for targets and stop
Custom styling for all elements
It’s a clean, logic-driven entry confirmation tool for intraday and swing trading.
⚠️ Open-source and fully customizable.
مؤشر Abusuhil Bullish Break هو أداة تأكيد لانعكاسات الاتجاه الصاعد بناءً على حركة السعر (Price Action)، ويكتشف نموذجًا يتكون من:
شمعتين هابطتين متتاليتين
تتبعهما شمعة صاعدة قوية تغلق فوق أعلى الشمعتين السابقتين
يحتوي المؤشر على:
فلتر MACD مزدوج اختياري (للفريم الحالي وفريم أعلى)
إعدادات مخصصة للوقف والأهداف المتعددة
خطوط مرئية احترافية للأهداف والوقف
تحكم كامل في الألوان والنمط والعرض
مناسب للتداول اللحظي والسوينج.
✅ مفتوح المصدر وقابل للتعديل بالكامل.
