TimeMapTimeMap is a visual price-reference indicator designed to help traders rapidly visualize how current price levels relate to significant historical closing prices. It overlays your chart with reference lines representing past weekly, monthly, quarterly (3-month), semi-annual (6-month), and annual closing prices. By clearly plotting these historical price references, TimeMap helps traders quickly gauge price position relative to historical market structure, aiding in the identification of trends, support/resistance levels, and potential reversals.
How it Works:
The indicator calculates the precise number of historical bars corresponding to weekly, monthly, quarterly, semi-annual, and annual intervals, dynamically adjusting according to your chart’s timeframe (intraday, daily, weekly, monthly) and chosen market type (Stocks US, Crypto, Forex, or Futures). Historical closing prices from these periods are plotted directly on your chart as horizontal reference lines.
For intraday traders, the script accurately calculates historical offsets considering regular and extended trading sessions (e.g., pre-market and after-hours sessions for US stocks), ensuring correct positioning of historical lines.
User-Configurable Inputs Explained in Detail:
Market Type:
Allows you to specify your trading instrument type, automatically adjusting calculations for:
- Stocks US (default): 390 minutes per regular session (780 minutes if extended hours enabled), 5 trading days/week.
- Crypto: 1440 minutes/day, 7 trading days/week.
- Forex: 1440 minutes/day, 5 trading days/week.
- Futures: 1320 minutes/day, 5 trading days/week.
Show Weekly Close:
When enabled, plots a line at the exact closing price from one week ago. Provides short-term context and helps identify recent price momentum.
Show Monthly Close:
When enabled, plots a line at the exact closing price from one month ago. Helpful for evaluating medium-term price positioning and monthly trend strength.
Show 3-Month Close:
When enabled, plots a line at the exact closing price from three months ago. Useful for assessing quarterly market shifts, intermediate trend changes, and broader market sentiment.
Show 6-Month Close:
When enabled, plots a line at the exact closing price from six months ago. Useful for identifying semi-annual trends, significant price pivots, and longer-term support/resistance levels.
Show 1-Year Close:
When enabled, plots a line at the exact closing price from one year ago. Excellent for assessing long-term market direction and key annual price levels.
Enable Smoothing:
Activates a Simple Moving Average (SMA) smoothing of historical reference lines, reducing volatility and providing clearer visual references. Recommended for traders preferring less volatile reference levels.
Smoothing Length:
Determines the number of bars used in calculating the SMA smoothing of historical lines. Higher values result in smoother but slightly delayed reference lines; lower values offer more immediate yet more volatile levels.
Use Extended Hours (Intraday Only):
When enabled (only applicable for Stocks US), it accounts for pre-market and after-hours trading sessions, providing accurate intraday historical line calculations based on extended sessions (typically 780 minutes/day total).
Important Notes and Compliance:
- This indicator does not provide trading signals, recommendations, or predictions. It serves purely as a visual analytical tool to supplement traders’ existing methods.
- Historical lines plotted are strictly based on past available price data; the indicator never accesses future data or data outside the scope of Pine Script’s standard capabilities.
- The script incorporates built-in logic to avoid runtime errors if insufficient historical data exists for a selected timeframe, ensuring robustness even with limited historical bars.
- TimeMap is original work developed exclusively by Julien Eche (@Julien_Eche). It does not reuse or replicate third-party or existing open-source scripts.
Recommended Best Practices:
- Use TimeMap as a complementary analytical reference, not as a standalone strategy or trade decision-making tool.
- Adapt displayed historical periods and smoothing settings based on your trading style and market approach.
- Default plot colors are optimized for readability on dark-background charts; adjust as necessary according to your preference and chart color scheme.
This script is published open-source to benefit the entire TradingView community and fully complies with all TradingView script publishing rules and guidelines.
Cerca negli script per "the script"
Major S&R Levels with Flips## **Major S&R Levels with Flips**
This script is designed to identify and visualize **Major Support and Resistance (S&R) Levels** across multiple timeframes (H1, H4, D1) and detect **S&R Flip** patterns (FTB, STB, FTR). It also includes customizable alerts for price-level crossings, flip patterns, and level approaches. Below is a detailed breakdown of the script's functionality, inputs, and outputs.
---
## **Script Overview**
The script calculates and plots **Support and Resistance (S&R) Levels** based on the highest highs and lowest lows over a user-defined lookback period. It also detects **S&R Flip Patterns** (First Time Back - FTB, Second Time Back - STB, Failed Test of Resistance/Support - FTR) and provides alerts for key events.
---
## **Key Features**
1. **Multi-Timeframe S&R Levels**:
- Displays S&R levels for **H1**, **H4**, and **D1** timeframes.
- Levels are calculated using the highest highs and lowest lows over a user-defined lookback period.
2. **S&R Flip Detection**:
- Detects and tracks **FTB (First Time Back)**, **STB (Second Time Back)**, and **FTR (Failed Test of Resistance/Support)** patterns.
- Alerts are generated for each flip event.
3. **Customizable Alerts**:
- **Price-Level Crossing Alerts**: Notifies when the price crosses above or below a level.
- **Flip Alerts**: Notifies when a flip pattern (FTB, STB, FTR) is detected.
- **Level Approach Alerts**: Notifies when the price approaches a level within a user-defined threshold.
4. **Efficient Level Updates**:
- Levels are updated periodically (every 10 bars by default) to optimize performance.
5. **Visualization**:
- Plots S&R levels on the chart with distinct colors for each timeframe.
- Displays labels for recent flip events.
---
## **User Inputs**
The script provides several customizable inputs:
### **Level Display**
- **Show H1 Levels**: Toggles visibility of H1 S&R levels.
- **Show H4 Levels**: Toggles visibility of H4 S&R levels.
- **Show D1 Levels**: Toggles visibility of D1 S&R levels.
- **Lookback Period**: Defines the number of bars used to calculate S&R levels (default: 20, range: 5–50).
### **Alerts**
- **Enable Price-Level Crossing Alerts**: Toggles alerts for price crossing above/below S&R levels.
- **Enable SR Flip Alerts**: Toggles alerts for S&R flip patterns (FTB, STB, FTR).
- **Enable Level Approach Alerts**: Toggles alerts for price approaching S&R levels.
- **Approach Threshold**: Defines the percentage threshold for level approach alerts (default: 0.2%, range: 0.05%–1%).
---
## **Script Logic**
### **1. Level Calculation**
- The script calculates S&R levels for each timeframe (H1, H4, D1) using the highest highs and lowest lows over the lookback period.
- Levels are updated periodically (every 10 bars by default) to optimize performance.
### **2. Flip Detection**
- The script detects **FTB**, **STB**, and **FTR** patterns:
- **FTB (First Time Back)**: Price crosses a level for the first time.
- **STB (Second Time Back)**: Price retests the level after FTB.
- **FTR (Failed Test of Resistance/Support)**: Price fails to break the level after STB.
- Flip events are tracked and stored in arrays for visualization and alerts.
### **3. Alerts**
- **Price-Level Crossing Alerts**: Triggered when the price crosses above/below a level.
- **Flip Alerts**: Triggered when a flip pattern (FTB, STB, FTR) is detected.
- **Level Approach Alerts**: Triggered when the price approaches a level within the defined threshold.
### **4. Visualization**
- S&R levels are plotted on the chart with distinct colors for each timeframe.
- Labels are displayed for recent flip events (up to 15 labels by default).
---
## **Outputs**
### **1. Plots**
- **H1 Levels**:
- Support: Green shaded area.
- Resistance: Red shaded area.
- **H4 Levels**:
- Support: Lime shaded area.
- Resistance: Maroon shaded area.
- **D1 Levels**:
- Support: Teal shaded area.
- Resistance: Purple shaded area.
### **2. Labels**
- Labels are displayed for recent flip events:
- **FTB**: Blue label.
- **STB**: Yellow label.
- **FTR**: Purple label.
### **3. Alerts**
- Alerts are generated for:
- Price-level crossings.
- Flip patterns (FTB, STB, FTR).
- Price approaching levels.
---
## **Usage Instructions**
1. **Add the Script**:
- Copy and paste the script into a new Pine Script editor in TradingView.
- Save and add the script to your chart.
2. **Customize Inputs**:
- Adjust the inputs (e.g., lookback period, alert settings) in the script settings panel.
3. **Interpret the Output**:
- Use the plotted levels and labels to identify key S&R zones and flip patterns.
- Monitor alerts for trading opportunities.
4. **Optimize for Your Strategy**:
- Adjust the lookback period and alert thresholds to suit your trading style.
---
## **Example Use Cases**
1. **Trend Identification**:
- Use the D1 levels to identify major S&R zones for long-term trend analysis.
- Combine with H4 and H1 levels for intraday trading opportunities.
2. **Flip Patterns**:
- Look for FTB and STB patterns to identify potential reversals.
- Use FTR patterns to confirm failed breakouts.
3. **Alerts for Trading**:
- Set up alerts for price-level crossings and flip patterns to stay informed of key market movements.
---
## **Notes**
- The script is optimized for performance by updating levels periodically and limiting the number of tracked flips.
- Alerts are designed to minimize noise by triggering only once per bar or bar close.
---
## **Disclaimer**
This script is for educational and informational purposes only. It should not be considered financial advice. Always conduct your own analysis and backtesting before using any trading strategy.
---
This documentation provides a comprehensive guide to using the **Major S&R Levels with Flips** script. If you have any questions or need further assistance, feel free to reach out!
ZenAlgo - LevelsThis script combines multiple anchored Volume-Weighted Average Price (VWAP) calculations into a single tool, providing a continuous record of past VWAP levels and highlighting when price has tested them. Typically, VWAP indicators show only the current VWAP for a single anchor period, requiring you to either keep re-anchoring manually or juggle multiple instances of different VWAP tools for each timeframe. By contrast, this script automatically tracks both the ongoing VWAP and previously completed VWAP values, along with real-time detection of “tests” (when price crosses a particular VWAP level). It’s especially valuable for traders who want to see how price has interacted with VWAP over several sessions, weeks, or months—without switching between separate indicators or manually setting anchors.
Below is a comprehensive explanation of each component, why multiple VWAP lines working together can be more informative than a single line, and how to adjust the script for various markets and trading styles:
Primary VWAP vs. Historical VWAP Lines - Standard VWAP indicators typically focus on the current line only. This script also calculates a primary VWAP, but it “locks in” each completed VWAP value when a new time anchor is detected (e.g., new weekly bar, new monthly bar, new session). As a result, you retain an ongoing history of VWAP lines for every completed anchored period. This is more powerful than manually setting up multiple VWAP tools—one for each desired timeframe—because everything is handled in a single script. You avoid chart clutter and the risk of forgetting to reset your manual VWAP at the correct bar.
Why Combine Multiple Anchored VWAP Lines in One Script? - Viewing several anchored VWAP lines together offers synergy . You see not only the current VWAP but also previous ones from different sessions or months, all within the same chart pane. This synergy becomes apparent if multiple historical VWAP lines cluster near the same price level, indicating a potentially significant zone of volume-based support or resistance. Handling this manually would involve repeatedly setting separate VWAP indicators, each reset at specific points, which is time-consuming and prone to error. In this script, the process is automated: as soon as the anchor changes, a completed VWAP line is stored so you can observe how price eventually reacts to it, repeatedly or not at all.
Automated “Test” Detection - Once a historical VWAP line is set, the script tracks when price crosses it in subsequent bars. If the high and low of a bar span that line, the script marks it in red (both the line and its label). It also keeps a counter of how many times each line has been tested. This method goes beyond a simple visual approach by quantifying the retests. Because all these lines are created and managed in one place, you don’t have to manually label the lines or check them one by one.
Advantages Over Manually Setting Multiple VWAPs
You save screen space: Instead of layering several VWAP indicators, each with unique settings, this single script plots them all on one overlay.
Automation: When a new anchor period begins, the script “closes out” the old VWAP and starts a new one. You never need to remember to reset it manually.
Retest Visualization: The script not only draws each line but also changes color and updates the label automatically if a line gets tested. Doing this by hand would be labor-intensive.
Unified Parameters: All settings (e.g., array size, max distance, test count limit) apply uniformly. You can manage them from one place, instead of configuring multiple separate tools.
Extended Insight with Multiple VWAP Lines
Since VWAP reflects the volume-weighted average price for each chosen period, historical lines can show zones where the market had a fair-value consensus in previous intervals. When the script preserves these lines, you see potential support/resistance areas more distinctly. If, for instance, price continually pivots around an old VWAP line, that may reveal a strong volume-based level. With several older VWAP lines on the chart, you gain an immediate sense of where these volume-derived averages have appeared and how price reacted over time. This wider perspective often proves more revealing than a single “current” VWAP line that does not reflect previous anchor sessions.
Handling of Illiquid Markets and Volume Limitations
VWAP is inherently tied to volume data, so its reliability decreases if volume reporting is missing or if the asset trades with very low liquidity. In such cases, a single large trade might momentarily skew the VWAP, resulting in “false” test signals when the high/low range intersects an abnormal price swing. If you suspect the data is incomplete or the market is unusually thin, it’s wise to confirm the validity of these VWAP lines before using them for any decision-making. Additionally, unusual market conditions—like after-hours trading or sudden high-volatility events—may cause VWAP to shift quickly, setting up multiple lines in a short time.
Key User-Configurable Settings
Hide VWAP on Day timeframe and above : Lets you disable the primary VWAP plot on daily or higher timeframes for a cleaner view.
Anchor Period : Select from Session, Week, Month, Quarter, Year, Decade or Century. Controls how frequently the script resets and preserves the VWAP line.
Offset : Moves the current VWAP line by a specified number of bars if you need a shifted perspective.
Max Array Size : Caps how many past VWAP lines the script will remember. Prevents clutter if you’re charting very long histories.
Max Distance : Defines how far back (in bar index units) a line is kept. If a line’s start bar is older than this threshold, it’s removed, keeping the chart uncluttered.
Max Red Labels : Limits the number of tested (red) VWAP lines that appear. If price tests a large number of old lines, only the newest red labels remain once you hit the set limit.
Workflow Overview
As soon as a new anchor period begins (e.g., a new weekly candle if “Week” is chosen), the script ends the current VWAP and stores that final value in its internal arrays.
It creates a dotted line and label representing the completed VWAP, and keeps track of whether it has been tested or not.
Subsequent bars may then cross that line. If a bar’s high/low includes the line’s value, it’s flagged as tested, labeled red, and a test counter increases.
As new anchored periods come, old lines remain visible—unless they fall outside your maxDistance or you exceed the maximum stored line count.
Real-World Benefits
Combining multiple VWAP lines—ranging, for example, from session-based lines for intraday perspectives to monthly or quarterly lines for broader context—provides a layered view of the volume-based fair price. This can help you quickly spot zones where price repeatedly intersects old VWAPs, potentially highlighting where bulls or bears took action historically. Because this script automates the management of all these lines and flags their retests, it removes a great deal of repetitive manual work that would typically accompany multiple, separate VWAP indicators set to different anchors.
Limitations & Practical Use
As with any volume-related tool, the script depends on reliable volume data. Assets trading on smaller venues or during illiquid periods may produce spurious signals. The script does not signal buy or sell decisions; rather, it helps visually map out where volume-weighted averages from previous periods might still be relevant to market behavior. Always combine the insight from these historical VWAP lines with your existing analytical approach or other technical and fundamental tools you use.
Conclusion
This script unifies past and present VWAP lines into one overlay, automatically detecting new anchor resets, storing the final VWAP values, and indicating whenever old lines are retested by price. It offers synergy through the simultaneous display of multiple historical VWAP lines, making it quicker and easier to detect potential support/resistance zones and better reflect changing market volumes over time. You no longer need to manually create, configure, or reset multiple VWAP indicators. Instead, the script handles all aspects of line creation, retest detection, and clutter management, giving you a robust framework to observe how historical VWAP data aligns with current price action.
By understanding the significance of multiple anchored VWAP lines, you can assess market structure from multiple angles in a single view. As always, ensure you confirm the reliability of the volume data for your particular asset and use these lines in conjunction with other analyses to form a well-rounded perspective on current market behavior.
EMA Alignment & Spread Monitor (Sang Youn)Overview
The EMA Alignment & Spread Monitor is a dynamic trading script designed to monitor EMA (Exponential Moving Average) alignments, track spread deviations, and provide real-time alerts when significant conditions are met. This script allows traders to customize their EMA periods, analyze market trends based on EMA positioning, and receive visual and audio alerts when key spread conditions occur.
🔹 Key Features
✅ Customizable EMA Periods – Users can input their own EMA lengths to adapt the script to various market conditions. (Default: 5, 10, 20, 60, 120)
✅ EMA Alignment Detection – Identifies bullish alignment (all EMAs in ascending order) and bearish alignment (all EMAs in descending order).
✅ Spread Calculation & Monitoring – Computes the spread difference between each EMA and tracks the average spread over a user-defined period.
✅ Deviation Alerts – Notifies traders when:
Bullish Trend: The spread exceeds its average, indicating a potential strong uptrend.
Bearish Trend: The spread falls below its average, signaling a possible downtrend.
✅ Chart Annotations – Displays 📈 (green triangle) when bullish spread exceeds average and 📉 (red triangle) when bearish spread drops below average for easy visualization.
✅ Real-time Alerts – Sends alerts when spread conditions are met, helping traders react to market shifts efficiently.
✅ Spread Histogram – Visual representation of bullish and bearish spread levels for trend analysis.
🔹 How It Works
1️⃣ Set your EMA periods in the script settings (default: 5, 10, 20, 60, 120).
2️⃣ Define the spread average calculation length (default: 50 candles).
3️⃣ The script tracks EMA alignment to determine bullish or bearish trends.
4️⃣ If the spread deviates significantly from its average, the script:
Places a 📈 green triangle above candles in a bullish trend when spread > average.
Places a 📉 red triangle below candles in a bearish trend when spread < average.
Triggers an alert for timely decision-making.
5️⃣ Use the histogram & real-time alerts to stay ahead of market movements.
Time-based Alerts for Trading Windows🌟 Time-based Alerts for Trading Windows 🌐📈
This is a re-uploaded script as the previous one got hidden.
This Time-based Alerts for Trading Windows script is a highly customizable and reliable tool designed to assist traders in managing automated strategies or manually monitoring specific market conditions. Inspired by CrossTrade's Time-based Alert, this script is tailored for those who rely on precise time windows to trigger actions, such as sending webhook signals or managing Expert Advisors (EAs).
Whether you are a scalper, day trader, or algorithmic trader, this script empowers you to stay on top of your trades with fully customizable time-based alerts.
🛠️ Customizable Time Alerts
This indicator allows you to create up to 12 unique time windows by specifying the exact hour and minute for each alert. Each time window corresponds to an individual alert condition, making it perfect for managing trades during specific market sessions or key time periods.
For example:
Alert 1 can be set at 9:30 AM (market open).
Alert 2 can be set at 3:55 PM (just before market close).
Each alert can be toggled on or off in the indicator settings, allowing you to manage alerts without having to reconfigure your script.
You can adjust the colours to fit any colour scheme you like!
🕒 Odd and Even Time Alerts
The script comes with three built-in alert type categories:
Odd Alerts (marked with a green triangle on the chart): These correspond to odd-numbered inputs like Alert 1, Alert 3, Alert 5, and so on.
Even Alerts (marked with a red triangle on the chart): These correspond to even-numbered inputs like Alert 2, Alert 4, Alert 6, and so on.
You can also customize all 12 alerts individually to include a custom alert message
These alerts serve as a convenient way to differentiate between multiple trading strategies or market conditions. You can customize alert messages for odd and even alerts directly from TradingView’s alert panel.
🔗 Webhook Integration for Automation
This script is fully compatible with webhook-based automation. By configuring your alerts in TradingView, you can send signals to trading bots, EAs, or any third-party system. For example, you can:
Turn off an EA at a specific time (e.g., 3:55 PM EST).
Send buy/sell signals to your bot during predefined trading windows.
Simply use TradingView’s alert message editor to format webhook payloads for your automation system.
🌐 Timezone Flexibility
Trading happens across multiple time zones, and this script accounts for that. You can toggle between:
Eastern Time (New York): Ideal for most US-based markets.
Central Time (Exchange): Useful for futures and commodities traders.
This ensures your alerts are always in sync with your preferred time zone, eliminating confusion.
🎨 Visual Indicators
The script plots visual markers directly on your chart to indicate active alerts:
Up Facing Triangles: Represent odd-numbered alerts, providing a quick reference for these time windows.
Down Facing Triangles: Represent even-numbered alerts, helping you track different strategies or conditions.
These visual markers make it easy to see when alerts are triggered, even at a glance.
📈 Practical Use Case
Let’s say you’re trading the USTEC index on a 1-minute chart. You want to:
Turn off your trading bot at 16:55 EST to avoid after-market volatility.
Trigger a re-entry signal at 17:30 EST to capture moves during the Asian session.
Visually monitor these actions on your chart for easy reference.
This script makes it possible with precision alerts and webhook integration. Simply configure the time windows in the settings and set up your alerts in TradingView.
🚨 How to Set Up Alerts
Enable or Disable Alerts: Use the script’s settings to toggle specific alerts on or off as needed.
Set Custom Time Windows: Define the hour and minute for each alert in the settings panel.
Create Alerts in TradingView:
Go to the TradingView alert panel.
Select the condition (e.g., "Odd Time-based Alert (Green)" or "Even Time-based Alert (Red)").
Customize the alert message for webhook integration or personal notification.
Choose the trigger type: Once Per Bar or Once Per Bar Close to keep the alert active.
Integrate with Webhooks: Use the alert message field to format payloads for automation systems like MT4, MT5, or third-party bots.
📋 Key Notes
Alerts can trigger indefinitely if set to "Once Per Bar" or "Once Per Bar Close".
Always ensure the expiration date is set far in the future to avoid unexpected alert deactivation.
Test webhook messages and alert configurations thoroughly before using them in live trading.
This script is a powerful addition to your trading toolbox, offering precision, flexibility, and automation capabilities. Whether you’re turning off an EA, managing trades during market sessions, or automating strategies via webhooks, this script is here to support you.
Start using the Time-based Alerts for Trading Windows today and trade with confidence! 🚀✨
Buy Signal Forex & Crypto v0 ImprovedPurpose of the Script:
This script is designed to generate buy and sell signals for trading Forex and cryptocurrencies by analyzing price trends using exponential moving averages (EMAs), volatility, and volume filters. The signals are displayed as arrows on the chart.
What the Script Does
Input Settings:
The script allows the user to configure various settings, such as the lengths of EMAs, a higher timeframe for trend confirmation, and thresholds for volume and volatility (ATR - Average True Range).
Key settings:
5 EMA Length – Length of the short-term EMA.
13 EMA Length – Length of the medium-term EMA.
26 EMA Length – Length of the long-term EMA.
21 EMA Length – Used for trend confirmation on a higher timeframe.
Higher Timeframe – Lets you select a timeframe (e.g., daily) for confirming the overall trend.
ATR Threshold – Filters out signals when the market's volatility is too low.
Volume Filter – Ensures sufficient trading activity before generating signals.
Calculating EMAs (Exponential Moving Averages):
Four EMAs are calculated:
ema5 (short-term), ema13 (medium-term), ema26 (long-term), and ema21 (higher timeframe confirmation).
These EMAs help determine price trends and crossovers, which are critical for identifying buy and sell opportunities.
Trend Confirmation Using a Higher Timeframe:
The 21 EMA on the higher timeframe (e.g., daily) is used to confirm the overall direction of the market.
Defining Signal Conditions:
Buy Signal:
A buy signal is generated when:
ema5 crosses above ema13 (indicating a bullish trend).
ema5 crosses above ema26 (stronger bullish confirmation).
The closing price is above ema5, ema13, ema26, and the 21 EMA on the higher timeframe.
The market's volatility (ATR) is above the defined threshold.
The volume meets the conditions or volume filtering is disabled.
Sell Signal:
A sell signal is generated when:
ema5 crosses below ema13 (indicating a bearish trend).
ema5 crosses below ema26 (stronger bearish confirmation).
The closing price is below ema5, ema13, ema26, and the 21 EMA on the higher timeframe.
The market's volatility (ATR) is above the defined threshold.
The volume meets the conditions or volume filtering is disabled.
Volume Filtering:
Ensures there’s enough trading activity by comparing the current volume to a 20-period moving average of volume.
Persistent Variables:
These variables (crossed13 and crossed13Sell) help track whether the short-term EMA (ema5) has crossed the medium-term EMA (ema13). This prevents false or repeated signals.
Displaying Signals on the Chart:
Buy signals are displayed as green upward arrows below the price.
Sell signals are displayed as red downward arrows above the price.
How It Helps Traders:
This script provides visual cues for potential entry and exit points by combining moving average crossovers, volatility, volume, and higher timeframe trend confirmation. It works well for trending markets and ensures signals are filtered for stronger conditions to reduce noise.
SW monthly Gann Days**Script Description:**
The script you are looking at is based on the work of W.D. Gann, a famous trader and market analyst in the early 20th century, known for his use of geometry, astrology, and numerology in market analysis. Gann believed that certain days in the market had significant importance, and he observed that markets often exhibited significant price moves around specific dates. These dates were typically associated with cyclical patterns in price movements, and Gann referred to these as "Gann Days."
In this script, we have focused on highlighting certain days of the month that Gann believed to have an influence on market behavior. The specific days in question are the **6th to 7th**, **9th to 10th**, **14th to 15th**, **19th to 20th**, **23rd to 24th**, and **29th to 31st** of each month. These ranges are based on Gann’s theory that there are recurring time cycles in the market that cause turning points or critical price movements to occur around certain days of the month.
### **Why Gann Used These Days:**
1. **Mathematical and Astrological Cycles:**
Gann believed that markets were influenced by natural cycles, and that certain dates (or combinations of dates) played a critical role in the price movements. These specific days are part of his broader theory of "time cycles" where the market would often change direction, reverse, or exhibit significant volatility on particular days. Gann's research was based on both mathematical principles and astrological observations, leading him to assign importance to these days.
2. **Gann's Universal Timing Theory:**
According to Gann, financial markets operate in a universe governed by geometric and astrological principles. These cycles repeat themselves over time, and specific days in a given month correspond to key turning points within these repeating cycles. Gann found that the 6th to 7th, 9th to 10th, 14th to 15th, 19th to 20th, 23rd to 24th, and 29th to 31st often marked significant changes in the market, making them particularly important for traders to watch.
3. **Market Psychology and Sentiment:**
These specific days likely correspond to key moments where market participants tend to react in predictable ways, influenced by past market behavior on similar dates. For example, news events or scheduled economic reports might fall within these time windows, causing the market to respond in a particular way. Gann's method involves using these cyclical patterns to predict turning points in market prices, enabling traders to anticipate when the market might make a reversal or face a significant shift in direction.
4. **Turning Points:**
Gann believed that markets often reversed or encountered critical points around specific dates. This is why he considered certain days more important than others. By identifying and focusing on these days, traders can better anticipate the market’s movement and make more informed trading decisions.
5. **Numerology:**
Gann also utilized numerology in his trading system, believing that numbers, and particularly certain key numbers, had significance in predicting market movements. The days selected in this script may correspond to numerological patterns that Gann identified in his analysis of the markets, such as recurring numbers in his astrological and geometric systems.
### **Purpose of the Script:**
This script highlights these "Gann Days" within a trading chart for 2024 and 2025. The color-coding or background highlighting is intended to draw attention to these dates, so traders can observe the potential for significant market movements during these times. By identifying these specific dates, traders following Gann's theories may gain insights into possible turning points, corrections, or key price movements based on the market's historical behavior around these days.
Overall, Gann’s use of specific days was based on his deep belief in the cyclical nature of the market and his attempt to tie those cycles to the natural laws of time, geometry, and astrology. By focusing on these dates, Gann aimed to give traders an edge in predicting significant market events and price shifts.
Macro ParadoxMacro Paradox: A Detailed Explanation
This indicator utilizes multiple streams of global liquidity data (from the US, China, Japan, the UK, and the Eurozone) and combines them with the DXY and HYG for a “macro plumbing” insight. Surprisingly, this creates a paradoxical predictive relationship: when the green line (Weighted DXY) begins rising, dollar-denominated equities (e.g., SPY) often show bullish momentum about 4–7 days later, and vice versa. Below is an in-depth explanation of why and how this occurs.
Global Liquidity Calculation
The script aggregates the balance sheets or liquidity proxies of major central banks and bond markets, including:
Bank of Japan (multiplied by JPYUSD)
People’s Bank of China (multiplied by CNYUSD)
Bank of England (multiplied by GBPUSD)
US Federal Reserve (WALCL)
European Central Bank (multiplied by EURUSD)
Subtracts reverse repo (RRP) and US Treasury general account (TGA) balances (treas_genac)
This net figure represents the total “flow” of major currency liquidity. Higher net liquidity often indicates rising risk-on appetite; lower liquidity can imply risk-off conditions.
HYG Inclusion for Risk Appetite
HYG (the high-yield corporate bond ETF) is a strong barometer of market risk tolerance. When HYG is robust, it indicates investors are willing to buy higher-yield, lower-rated corporate bonds—implying confidence in economic expansion. The script scales HYG like total liquidity, then applies a user-defined weighting ( hygWeight ) so its movement influences the final combined line.
Scaling and Double-EMA Smoothing
For both liquidity ( total ) and each risk metric (DXY, HYG), the script:
Normalizes them over a lookback window ( lookbackBars ) to a 0–100 scale, aligning different absolute values onto a comparable range.
Applies two EMAs in sequence ( smoothLengthFast , smoothLengthSlow )—similar to a MACD-style smoothing—to remove noise and reveal underlying trend momentum more clearly.
By smoothing twice, you get a cleaner signal, making it easier to spot turning points without the usual whipsaws seen with single-smoothing.
Weighted by the Chart’s Price Action
To reflect how these macro flows interact with the specific ticker, the script compares close price to its EMA ( myTickerEma ). The ratio ( close / myTickerEma ) is raised to weightPower , amplifying how overextended or under-extended the ticker is relative to its own trend. The final scaled lines are multiplied by this “ weightFactor ,” adapting them to each ticker’s current price trend.
“Paradoxical” DXY Relationship Explained
Conventionally, a strengthening US dollar can pressure risk assets. However, this script shows a rising Weighted DXY line (green) is often followed by bullishness in dollar-based equities (e.g., SPY) several days later. Why?
When global liquidity is high, capital can flow into US assets, supporting both the dollar and equities.
HYG being strong signals credit-fueled demand; combined with global liquidity, this can push bond and equity prices higher simultaneously.
As the DXY “catches a bid,” it hints at global investors allocating to US assets. This often takes 4–7 days to reflect in the broader equity market, giving the illusion of a “paradox.”
Practical Usage and Timeframes
Because major liquidity data (from central banks, RRP, TGA, etc.) is updated once a day or weekly, smaller intraday charts (like 1-hour) will not accurately capture these macro flows. For this reason, the indicator is most reliable on Daily charts. At higher frequency, signals can be misleading because the macro data does not refresh that often.
Why It’s Unique
Combines total global net liquidity and credit risk sentiment (HYG) into one line, then cross-compares it to DXY for insight into capital flows.
Applies a two-stage EMA smoothing for each series, reducing noise and clarifying the macro trend signal.
Weights the signal by the chart’s own price trend, adapting to each ticker’s technical conditions.
Reveals an unusual yet historically consistent “delayed bullishness” effect when the Weighted DXY (green) starts climbing.
A rising Weighted DXY line (green) often foretells— 4 to 7 days later —an upswing in US equities, contrary to the typical notion that a stronger dollar always harms risk assets. By blending net global liquidity, HYG’s risk appetite measure, and a weighting factor keyed to the chart’s trend, this indicator provides a novel, smoother view of macro flows.
Note: For best results, use Daily or higher timeframes to align with the release schedule of the underlying liquidity data. This avoids short-term noise that doesn’t reflect actual macro changes.
Uptrick: Arbitrage OpportunityINTRODUCTION
This script, titled Uptrick: Arbitrage Monitor, is a Pine Script™ indicator that aims to help traders quickly visualize potential arbitrage scenarios across multiple cryptocurrency exchanges. Arbitrage, in general, involves taking advantage of price differences for the same asset across different trading platforms. By comparing market prices of the same symbol on two user-selected exchanges, as well as scanning a broader list of exchanges, this script attempts to signal areas where you might want to buy on one exchange and sell on another. It includes various graphical tools, calculations, and an optional Automated Detection signal feature, allowing users to incorporate more advanced data scanning into their trading decisions. Keep in mind that transaction fees must also be considered in real-world scenarios. These fees can negate potential profits and, in some cases, result in a net loss.
PURPOSE
The primary purpose of this indicator is to show potential percentage differences between the same cryptocurrency trading pairs on two different exchanges. This difference is displayed numerically, visually as a line chart, and it is also tested against user-defined thresholds. With the threshold in place, buy and sell signals can be generated. The script allows you to quickly gauge how significant a spread is between two exchanges and whether that spread surpasses a specified threshold. This is particularly useful for arbitrage trading, where an asset is bought at a lower price on one exchange and sold at a higher price on another, capitalizing on price discrepancies. By identifying these opportunities, traders can potentially secure profits across different markets.
WHY IT WAS MADE
This script was developed to help traders who frequently look for arbitrage opportunities in the fast-paced cryptocurrency market. Cryptocurrencies sometimes experience quick price divergences across different exchanges. By having an automated approach that compares and displays prices, traders can spend less time manually tracking price discrepancies and more time focusing on actual trading strategies. The script was also made with user customization in mind, allowing you to toggle an optional Automated-based approach and choose different moving average methods to smooth out the displayed price difference.
WHAT ARBITRAGE IS
Arbitrage is the practice of buying an asset on one market (or exchange) at a lower price and simultaneously selling it on another market where the price is higher, thus profiting from the price difference. In cryptocurrency markets, these price differentials can occur across multiple exchanges due to varying liquidity, trading volume, geographic factors, or market inefficiencies. Though sometimes small, these differences can be exploited for profit when approached methodically.
EXPLANATION OF INPUTS
The script includes a variety of user inputs that help tailor the indicator to your specific needs:
1. Compared Symbol 1: This is the primary symbol you want to track (for example, BTCUSDT). Make sure it's written in all capital and make sure that it's price from that exchange is available on Tradingview.
2. Compare Exchange 1: The first exchange on which the script will request pricing data for the chosen symbol.
3. Compared to Exchange: The second exchange, used for the comparison.
4. Opportunity Threshold (%): A percentage threshold that, when exceeded by the price difference, can trigger buy or sell signals.
5. Plot Style?: Allows you to choose between plotting the raw difference line or a moving average of that difference.
6. MA Type: Select among SMA, EMA, WMA, RMA, or HMA for your moving average calculation.
7. MA Length: The lookback period for the selected moving average.
8. Plot Buy/Sell Signals?: Enables or disables the plotting of arrows signaling potential buy or sell zones based on threshold crossovers.
9. Automated Detection?: Toggles an additional multi-exchange data scan feature that calculates the highest and lowest prices for the specified symbol across a predefined list of exchanges.
CALCULATIONS
At its core, the script calculates price1 and price2 using the request.security function to fetch close prices from two selected exchanges. The difference is measured as (price1 - price2) / price2 * 100. This results in a percentage that indicates how much higher or lower price1 is relative to price2. Additionally, the script calculates a slope for this difference, which helps color the line depending on whether it is trending up or down. If you choose the moving average option, the script will replace the raw difference data with one of several moving average calculations (SMA, EMA, WMA, RMA, or HMA).
The script also includes an iterative scan of up to 15 different exchanges for Automated detection, collecting the highest and lowest price across all those exchanges. If the Automated option is enabled, it compiles a potential recommendation: buy at the cheapest exchange price and sell at the most expensive one. The difference across all exchanges (allExDiffPercent) is calculated using (highestPriceAll - lowestPriceAll) / lowestPriceAll * 100.
WHAT AUTOMATED DETECTION SIGNAL DOES
If enabled, the Automated detection feature scans all 15 supported exchanges for the specified symbol. It then identifies the exchange with the highest price and the exchange with the lowest price. The script displays a recommended action: buy on the lowest-exchange price and sell on the highest-exchange price. While called “Automated,” it is essentially a multi-exchange data query that automates a portion of research by consolidating different price points. It does not replace thorough analysis or guaranteed execution; it simply provides an overview of potential extremes.
WHAT ALL-EX-DIFF IS
The variable allExDiffPercent is used to show the overall difference between the highest price and the lowest price found among the 15 pre-chosen exchanges. This figure can be useful for anyone wanting a big-picture view of how large the arbitrage spread might be across the broader market.
SIGNALS AND HOW THEY ARE GENERATED
The script provides two main modes of signal generation:
1. Raw Difference Mode: If the user chooses “Use Normal Line,” the script compares the percentage difference of the two selected exchanges (price1 and price2) to the user-defined threshold. When the difference crosses under the positive threshold, a sell signal is displayed (red arrow). Conversely, when the difference crosses above the negative threshold, a buy signal is displayed (green arrow).
2. Moving Average Mode: If the user selects “Use Moving Average,” the script instead references the moving average values (maValue). The signals fire under similar conditions but use the average line to gauge whether the threshold has been crossed.
HOW TO USE THE INDICATOR
1. Add the script to your chart in TradingView.
2. In the script’s settings panel, configure the symbol you wish to compare (for example, BTCUSDT), choose the two exchanges you want to evaluate, and set your desired threshold.
3. Optionally, pick a moving average type and length if you prefer a smoother representation of the difference.
4. Enable or disable buy/sell signals according to your preference.
5. If you’d like to see potential extremes among a broader list of exchanges, enable Automated Detection. Keep in mind that this feature runs additional security requests, so it might slow down performance on weaker devices or if you already have many scripts running.
EXCHANGES TO USE
The script currently supports up to 15 exchanges: BYBIT, BINANCE, MEXC, BLOFIN, BITGET, OKX, KUCOIN, COINBASE, COINEX, PHEMEX, POLONIEX, GATEIO, BITSTAMP, and KRAKEN. You can choose any two of these for direct comparison, and if you enable the Automated detection, it will attempt to query them all to find extremes in real time.
VISUALS
The exchanges and current prices & differences are all plotted in the table while the colored line represents the difference in the price. The two thresholds colored red are where signals are generated. A cross below the upper threshold is a sell signal and a cross above the lower threshold is a buy signal. In the line at the bottom, purple is a negative slope and aqua is a positive slope.
LIMITATIONS AND POTENTIAL PROBLEMS
If you enable too many visual elements such as signals, additional lines, and the Automated-based scanning table, you may find that your chart becomes cluttered, or text might overlap. One workaround is to remove and reapply the indicator to refresh its display. You may also want to reduce the number of displayed table rows by disabling some features if your chart becomes too crowded. Sometimes there might be an error that the price of an asset is not available on an exchange, to fix this, go and select another exchange to compare it to, or if it happens in Automated detection, choose a different asset, ideally more widely spread.
UNIQUENESS
This indicator stands out due to its multifaceted approach: it doesn’t just look at two exchanges but optionally scans up to 15 exchanges in real time, presenting users with a much broader view of the market. The dual-mode system (raw difference vs. moving average) allows for both immediate, unfiltered signals and smoother, noise-reduced signals depending on user preference. By default, it introduces dynamic visual cues through color changes when the slope of the difference transitions upward or downward. The optional Automated detection, while not a deep learning system, adds a functional intelligence layer by collating extreme price points from multiple exchanges in one place, thereby streamlining the manual research process. This combination of features gives the script a unique edge in the TradingView ecosystem, catering equally to novices wanting a straightforward approach and to advanced users looking for an aggregated multi-exchange analysis.
CONCLUSION
Uptrick: Arbitrage Monitor is a versatile and customizable Pine Script™ indicator that highlights price differences for a specified symbol between two user-selected exchanges. Through signals, threshold-based alerts, and optional Automated detection across multiple exchanges, it aims to support traders in identifying potential arbitrage opportunities quickly and efficiently. This script makes no guarantees of profitability but can serve as a valuable tool to add to your trading toolkit. Always use caution when implementing arbitrage strategies, and be mindful of market risks, exchange fees, and latency.
ADDITIONAL DISCLOSURES
This script is provided for educational and informational purposes only. It does not constitute financial advice or a guarantee of performance. Users are encouraged to conduct thorough research and consider the inherent risks of arbitrage trading. Market conditions can change rapidly, and orders may fail to execute at desired prices, especially when large price discrepancies attract competition from other traders.
Uptrick: Smart BoundariesThis script is an indicator that combines the RSI (Relative Strength Index) and Bollinger Bands to highlight potential points where price momentum and volatility may both be at extreme levels. Below is a detailed explanation of its components, how it calculates signals, and why these two indicators have been merged into one tool. This script is intended solely for educational purposes and for traders who want to explore the combined use of momentum and volatility measures. Please remember that no single indicator guarantees profitable results.
Purpose of This Script
This script is designed to serve as a concise, all-in-one tool for traders seeking to track both momentum and volatility extremes in real time. By overlaying RSI signals with Bollinger Band boundaries, it helps users quickly identify points on a chart where price movement may be highly stretched. The goal is to offer a clearer snapshot of potential overbought or oversold conditions without requiring two separate indicators. Additionally, its optional pyramiding feature enables users to manage how many times they initiate trades when signals repeat in the same direction. Through these combined functions, the script aims to streamline technical analysis by consolidating two popular measures—momentum via RSI and volatility via Bollinger Bands—into a single, manageable interface.
1. Why Combine RSI and Bollinger Bands
• RSI (Relative Strength Index): This is a momentum oscillator that measures the speed and magnitude of recent price changes. It typically ranges between 0 and 100. Traders often watch for RSI crossing into “overbought” or “oversold” levels because it may indicate a potential shift in momentum.
• Bollinger Bands: These bands are plotted around a moving average, using a standard deviation multiplier to create an upper and lower boundary. They help illustrate how volatile the price has been relative to its recent average. When price moves outside these boundaries, some traders see it as a sign the price may be overstretched and could revert closer to the average.
Combining these two can be useful because it blends two different perspectives on market movement. RSI attempts to identify momentum extremes, while Bollinger Bands track volatility extremes. By looking for moments when both conditions agree, the script tries to highlight points where price might be unusually stretched in terms of both momentum and volatility.
2. How Signals Are Generated
• Buy Condition:
- RSI dips below a specified “oversold” level (for example, 30 by default).
- Price closes below the lower Bollinger Band.
When these occur together, the script draws a label indicating a potential bullish opportunity. The underlying reasoning is that momentum (RSI) suggests a stronger-than-usual sell-off, and price is also stretched below the lower Bollinger Band.
• Sell Condition:
- RSI rises above a specified “overbought” level (for example, 70 by default).
- Price closes above the upper Bollinger Band.
When these occur together, a label is plotted for a potential bearish opportunity. The rationale is that momentum (RSI) may be overheated, and the price is trading outside the top of its volatility range.
3. Pyramiding Logic and Trade Count Management
• Pyramiding refers to taking multiple positions in the same direction when signals keep firing. While some traders prefer just one position per signal, others like to scale into a trade if the market keeps pushing in their favor.
• This script uses variables that keep track of how many recent buy or sell signals have fired. If the count reaches a user-defined maximum, no more signals of that type will trigger additional labels. This protects traders from over-committing to one direction if the market conditions remain “extreme” for a prolonged period.
• If you disable the pyramiding feature, the script will only plot one label per side until the condition resets (i.e., until RSI and price conditions are no longer met).
4. Labels and Visual Feedback
• Whenever a buy or sell condition appears, the script plots a label directly on the chart:
- Buy labels under the price bar.
- Sell labels above the price bar.
These labels make it easier to review where both RSI and Bollinger Band conditions align. It can be helpful for visually scanning the chart to see if the signals show any patterns related to market reversals or trend continuations.
• The Bollinger Bands themselves are plotted so traders can see when the price is approaching or exceeding the upper or lower band. Watching the RSI and Bollinger Band plots simultaneously can give traders more context for each signal.
5. Originality and Usefulness
This script provides a distinct approach by merging two well-established concepts—RSI and Bollinger Bands—within a single framework, complemented by optional pyramiding controls. Rather than using each indicator separately, it attempts to uncover moments when momentum signals from RSI align with volatility extremes highlighted by Bollinger Bands. This combined perspective can aid in spotting areas of possible overextension in price. Additionally, the built-in pyramiding mechanism offers a method to manage multiple signals in the same direction, allowing users to adjust how aggressively they scale into trades. By integrating these elements together, the script aims to deliver a tool that caters to diverse trading styles while remaining straightforward to configure and interpret.
6. How to Use the Indicator
• Configure the Inputs:
- RSI Length (the lookback period used for the RSI calculation).
- RSI Overbought and Oversold Levels.
- Bollinger Bands Length and Multiplier (defines the moving average period and the degree of deviation).
- Option to reduce pyramiding.
• Set Alerts (Optional):
- You can create TradingView alerts for when these conditions occur, so you do not have to monitor the chart constantly. Choose the buy or sell alert conditions in your alert settings.
• Integration in a Trading Plan:
- This script alone is not a complete trading system. Consider combining it with other forms of analysis, such as support and resistance, volume profiles, or candlestick patterns. Thorough research, testing on historical data, and risk management are always recommended.
7. No Performance Guarantees
• This script does not promise any specific trading results. It is crucial to remember that no single indicator can accurately predict future market movements all the time. The script simply tries to highlight moments when two well-known indicators both point to an extreme condition.
• Actual trading decisions should factor in a range of market information, including personal risk tolerance and broader market conditions.
8. Purpose and Limitations
• Purpose:
- Provide a combined view of momentum (RSI) and volatility (Bollinger Bands) in a single script.
- Assist in spotting times when price may be at an extreme.
- Offer a configurable system for labeling potential buy or sell points based on these extremes.
• Limitations:
- Overbought and oversold conditions can persist for an extended period in trending markets.
- Bollinger Band breakouts do not always result in immediate reversals. Sometimes price keeps moving in the same direction.
- The script does not include a built-in exit strategy or risk management rules. Traders must handle these themselves.
Additional Disclosures
This script is published open-source and does not rely on any external or private libraries. It does not use lookahead methods or repaint signals; all calculations are performed on the current bar without referencing future data. Furthermore, the script is designed for standard candlestick or bar charts rather than non-standard chart types (e.g., Heikin Ashi, Renko). Traders should keep in mind that while the script can help locate potential momentum and volatility extremes, it does not include an exit strategy or account for factors like slippage or commission. All code comes from built-in Pine Script functions and standard formulas for RSI and Bollinger Bands. Anyone reviewing or modifying this script should exercise caution and incorporate proper risk management when applying it to their own trading.
Calculation Details
The script computes RSI by examining a user-defined number of prior bars (the RSI Length) and determining the average of up-moves relative to the average of down-moves over that period. This ratio is then scaled to a 0–100 range, so lower values typically indicate stronger downward momentum, while higher values suggest stronger upward momentum. In parallel, Bollinger Bands are generated by first calculating a simple moving average (SMA) of the closing price for the user-specified length. The script then measures the standard deviation of closing prices over the same period and multiplies it by the chosen factor (the Bollinger Bands Multiplier) to form the upper and lower boundaries around the SMA. These two measures are checked in tandem: if the RSI dips below a certain oversold threshold and price trades below the lower Bollinger Band, a condition is met that may imply a strong short-term sell-off; similarly, if the RSI surpasses the overbought threshold and price rises above the upper Band, it may indicate an overextended move to the upside. The pyramiding counters track how many of these signals occur in sequence, preventing excessive stacking of labels on the chart if conditions remain extreme for multiple bars.
Conclusion
This indicator aims to provide a more complete view of potential market extremes by overlaying the RSI’s momentum readings on top of Bollinger Band volatility signals. By doing so, it attempts to help traders see when both indicators suggest that the market might be oversold or overbought. The optional reduced pyramiding logic further refines how many signals appear, giving users the choice of a single entry or multiple scaling entries. It does not claim any guaranteed success or predictive power, but rather serves as a tool for those wanting to explore this combined approach. Always be cautious and consider multiple factors before placing any trades.
1-3-1 Strat Combo with 50% Level (12h)Logic Explanation
1-3-1 Combo Detection:
The script detects the 1-3-1 pattern using the previous 3 candles:
Candle 4: Inside Bar (Type 1).
Candle 3: Outside Bar (Type 3).
Candle 2: Inside Bar (Type 1).
4th Candle Behavior:
If the 4th candle (current bar):
Stays an inside bar (Type 1) → isFourthInsideBar is true.
Becomes a directional bar (Type 2) → isFourthDirectional is true.
If either of these conditions is true, the script stops calculating and waits for the next valid 1-3-1 setup.
50% Level Calculation:
If the conditions are not met (e.g., the 4th candle doesn’t stop the pattern), the script:
Plots a dotted line at the 50% level of the 3rd candle.
Adds a label showing the 50% level.
Stop Calculations:
No line, box, or label is drawn if the 4th candle is a Type 1 (inside bar) or Type 2 (directional bar).
Visual Outputs:
Dotted Box: Marks the 1-3-1 combo setup.
50% Line: Drawn only if the 4th candle does not invalidate the pattern.
Label: Displays the 50% level of the 3rd candle.
How to Use:
Apply this script on the 12-hour chart.
The script will:
Detect valid 1-3-1 patterns.
Stop drawing any calculations if the 4th candle is an inside bar (1) or a directional bar (2).
Wait for the next valid 1-3-1 combo.
IPO Lifecycle Sell Strategy [JARUTIR]IPO Lifecycle Sell Strategy with Dynamic Buy Date and Multiple Sell Rules
This custom TradingView script is designed for traders looking to capitalize on dynamic strategies for IPOs and growth stocks, by implementing several sell rules based on price action and technical indicators. It provides a set of sell rules that are applied dynamically depending on the stock's lifecycle and price action, allowing users to lock in profits and minimize drawdowns based on key technical thresholds.
The four sell strategies incorporated into this script are inspired by the book "The Lifecycle Trade", a resource that focuses on capturing profits while managing risk in different phases of a stock's lifecycle, from IPO to high-growth stages.
Key Features:
Buy Price and Buy Date: You can either manually input your buy price and date or let the script automatically detect the buy date based on the specified buy price.
Multiple Sell Strategies: Choose from 4 predefined sell strategies:
Ascender Rule : Captures strong momentum from IPO stocks by selling portions at specific price levels or technical conditions.
Midterm Rule : Focuses on holding for longer periods, with defensive sell signals triggered when the stock deviates significantly from peak price or key moving averages.
40 Week Rule : Designed for long-term holds, this rule triggers a sell when the stock closes below the 40-week moving average.
Everest Rule : Aggressive strategy for selling into strength based on parabolic moves or gap downs, ideal for high momentum stocks.
Interactive Features:
Horizontal Green Line showing the buy price level from the buy date.
Visual Sell Signals appear only after the buy date to ensure that your analysis is relevant to the stock lifecycle.
Customizable settings, allowing you to choose your preferred sell rule strategy and automate buy date detection.
This script is perfect for traders using a strategic, systematic approach to IPOs and high-growth stocks, whether you're looking for quick exits during momentum phases or holding for longer-term growth.
Usage:
Input your Buy Price and Buy Date, or allow the script to automate the buy date detection.
Select a Sell Rule strategy based on your risk profile and trading style.
View visual signals for selling when specific conditions are met.
Frequently Asked Questions (FAQs):
Q1: How do I input my Buy Price and Buy Date?
The script allows you to either manually input the Buy Price and Buy Date or use the automated detection. If you choose automated detection, the script will automatically assign the buy date when the price crosses above your set Buy Price.
Q2: What is the purpose of the "Sell Rules"?
The script offers four sell strategies to help manage different types of stocks in varying phases of their lifecycle:
Ascender Rule: Targets IPO stocks showing positive momentum.
Midterm Rule: A defensive strategy for stocks in a steady uptrend.
40 Week Rule: Long-term hold strategy designed to ride stocks through extended growth.
Everest Rule: Aggressive strategy to capture profits during parabolic price moves.
Q3: What is the significance of the Green Line at Buy Price?
The Green Line represents your entry point (Buy Price) on the chart. It will appear from the buy date onwards, helping you track the performance of your stock relative to your entry.
Q4: Can I customize the Sell Strategy?
Yes! You can choose from the available Sell Rules (Ascender Rule, Midterm Rule, 40 Week Rule, Everest Rule) via an input option in the script. Each strategy has its own unique triggers based on price action, moving averages, and time-based conditions.
Q5: Does this script work for stocks and crypto?
Yes, this script is designed for both stocks and cryptocurrencies. It works on any asset where price data and timeframes are available.
Q6: How do the Weekly Moving Averages (WSMA) work in this strategy?
The script uses weekly moving averages (WSMA) to track longer-term trends. These are essential for some of the sell rules, such as the Midterm Rule and 40 Week Rule, which rely on the stock's movement relative to the 40-week moving average.
Q7: Will the script plot a Sell Signal immediately after the Buy Date?
No, sell signals will only be plotted after the Buy Date. This ensures that the sell strategy is relevant to your actual holding period and avoids premature triggers.
Q8: How do I interpret the Sell Signal?
The script will plot a Red Sell Signal above the bar when the sell conditions are met, based on the selected strategy. This indicates that it may be a good time to exit the position according to your chosen rule.
Q9: Can I use this strategy on different timeframes?
Yes, you can apply the script to any timeframe. However, some sell strategies, like the Midterm Rule and 40 Week Rule, are designed to work best with weekly data, so it's recommended to use these strategies with longer timeframes.
Q10: Does this script have any alerts?
Yes! The script supports alert conditions that will notify you when the sell conditions are met according to your selected rule. You can set up alerts to stay informed without needing to watch the chart constantly.
Q11: What if I want to disable some of the sell rules?
You can select your preferred sell rule using the "Select Sell Rule" dropdown. If you don’t want to use a particular rule, simply choose a different strategy or leave it inactive.
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Disclaimer:
This strategy is intended for educational purposes only. It should not be considered financial advice. Always perform your own research and consult with a professional before making any trading decisions. Trading involves significant risk, and you should never trade with money you cannot afford to lose.
SMA Proximity Signal with Trend TableSummary of the Script:
This Pine Script is designed to provide a variety of technical analysis signals based on Simple Moving Averages (SMAs) and market trends across different timeframes. The script combines multiple indicators, such as the SMA crossover, proximity conditions, and trend analysis, along with visual markers and support/resistance lines. Below is a detailed breakdown of the key features:
The script detects crossovers between SMA1 and SMA2 and SMA1 and SMA3, marking them with green circles exactly at the crossover price level (not on the candles).
The crossover events are identified using ta.crossover and ta.crossunder functions.
Additional circles are drawn when other SMAs are in proximity (narrow stage)
Elephant Candle Pattern:
The script identifies "Elephant Candles" based on a large candle body relative to the overall size of the candle, using the condition where the candle body is at least 80% of the total candle size and at least 1.5 times the average candle size.
These candles are marked with an elephant emoji 🐘 at the top of the candle.
Trend Analysis Across Multiple Timeframes:
The script calculates the trend for different timeframes using the SMA20 of each timeframe:
5m, 15m, 1h, 4h, and 1D
It compares the current SMA20 to its previous value to determine whether the trend is Up, Down, or Flat.
MktCumTickThis script is a market sentiment indicator that calculates the cumulative TICK (Trade Imbalance Sentiment) for four major markets: NYSE (New York Stock Exchange), NASDAQ (National Association of Securities Dealers Automated Quotations), Dow Jones, and AMEX (American Stock Exchange).
Here's a breakdown of the script:
1. Market data requests: The script requests data for the four markets, including:
- TICK (Trade Imbalance Sentiment) data
- HLC3 (High, Low, Close) data
- ADVN (Advancing issues), DECL (Declining issues), and UNCH (Unchanged issues) data
2. Cumulative TICK calculation: The script calculates the cumulative TICK for each market by dividing the TICK data by the maximum TICK value for each market.
3. Plotting: The script plots the cumulative TICK values for each market as separate lines on the chart.
4. Background color: The script changes the background color of the chart based on the cumulative TICK values. If all four markets have decreasing cumulative TICK values, the background color turns red. If all four markets have increasing cumulative TICK values, the background color turns green.
The purpose of this indicator is to provide a visual representation of market sentiment across multiple markets. By analyzing the cumulative TICK values, traders can gain insights into market trends and make more informed trading decisions.
Some possible uses of this indicator include:
- Identifying market trends and sentiment
- Confirming trade entries and exits
- Monitoring market conditions and adjusting trading strategies accordingly
Weekly Bullish Pattern DetectorThis script is a TradingView Pine Script designed to detect a specific bullish candlestick pattern on the weekly chart. Below is a detailed breakdown of its components:
1. Purpose
The script identifies a four-candle bullish pattern where:
The first candle is a long green (bullish) candlestick.
The second and third candles are small-bodied candles, signifying consolidation or indecision.
The fourth candle is another long green (bullish) candlestick.
When this pattern is detected, the script:
Marks the chart with a visual label.
Optionally triggers an alert to notify the trader.
2. Key Features
Overlay on Chart:
indicator("Weekly Bullish Pattern Detector", overlay=true) ensures the indicator draws directly on the price chart.
Customizable Inputs:
length (Body Size Threshold):
Defines the minimum percentage of the total range that qualifies as a "long" candle body (default: 14%).
smallCandleThreshold (Small Candle Body Threshold):
Defines the maximum percentage of the total range that qualifies as a "small" candle body (default: 10%).
Candlestick Property Calculations:
bodySize: Measures the absolute size of the candle body (close - open).
totalRange: Measures the total high-to-low range of the candle.
bodyPercentage: Calculates the proportion of the body size relative to the total range ((bodySize / totalRange) * 100).
isGreen and isRed: Identify bullish (green) or bearish (red) candles based on their open and close prices.
Pattern Conditions:
longGreenCandle:
Checks if the candle is bullish (isGreen) and its body percentage exceeds the defined length threshold.
smallCandle:
Identifies small-bodied candles where the body percentage is below the smallCandleThreshold.
consolidation:
Confirms the second and third candles are both small-bodied (smallCandle and smallCandle ).
Bullish Pattern Detection:
bullishPattern:
Detects the full four-candle sequence:
The first candle (longGreenCandle ) is a long green candle.
The second and third candles (consolidation) are small-bodied.
The fourth candle (longGreenCandle) is another long green candle.
Visualization:
plotshape(bullishPattern):
Draws a green label ("Pattern") below the price chart whenever the pattern is detected.
Alert Notification:
alertcondition(bullishPattern):
Sends an alert with the message "Bullish Pattern Detected on Weekly Chart" whenever the pattern is found.
3. How It Works
Evaluates Candle Properties:
For each weekly candle, the script calculates its size, range, and body percentage.
Identifies Each Component of the Pattern:
Checks for a long green candle (first and fourth).
Verifies the presence of two small-bodied candles (second and third).
Detects and Marks the Pattern:
Confirms the sequence and marks the chart with a label if the pattern is complete.
Sends Alerts:
Notifies the trader when the pattern is detected.
4. Use Cases
This script is ideal for:
Swing Traders:
Spotting weekly patterns that indicate potential bullish continuations.
Breakout Traders:
Identifying consolidation zones followed by upward momentum.
Pattern Recognition:
Automatically detecting a commonly used bullish formation.
5. Key Considerations
Timeframe: Works best on weekly charts.
Customization: The thresholds for "long" and "small" candles can be adjusted to suit different markets or volatility levels.
Limitations:
It doesn't confirm the pattern's success; further analysis (e.g., volume, support/resistance levels) may be required for validation
FVG - NibzDescription: Fair Value Gap (FVG) Indicator - Nibz
This Pine Script identifies and visualizes Fair Value Gaps (FVGs) on your TradingView chart. FVGs are price inefficiencies left behind when the market moves too quickly, skipping price levels that might not be tested. These gaps often act as magnets, attracting price for potential reversals or continuations.
The script works by detecting upward (bullish) and downward (bearish) price imbalances based on specific candlestick criteria and then marks these zones on your chart using customizable shaded boxes. This tool is essential for traders looking to identify key areas of market inefficiency that could signify support/resistance levels, potential reversal zones, or areas to monitor for market rebalancing.
How It Works
1. Bullish FVG Detection
The script identifies an upward imbalance when:
The low of the candlestick two bars back is less than or equal to the open of the previous bar.
The high of the current candlestick is greater than or equal to the close of the previous bar.
When this condition is met and the size of the imbalance is greater than zero, a green box is drawn from the low of the second candlestick back to the high of the current candlestick.
2. Bearish FVG Detection
The script identifies a downward imbalance when:
The high of the candlestick two bars back is greater than or equal to the open of the previous bar.
The low of the current candlestick is less than or equal to the close of the previous bar.
When this condition is met and the size of the imbalance is greater than zero, a red box is drawn from the low of the current candlestick to the high of the second candlestick back.
Customization Options
This script is highly customizable, allowing you to tailor the appearance of the FVG boxes to suit your trading style and chart aesthetics:
Bullish FVG:
Fill color and transparency.
Border color and transparency.
Bearish FVG:
Fill color and transparency.
Border color and transparency.
The settings are user-friendly, with intuitive sliders for transparency and color pickers for customization.
How to Use the Indicator
Adding the Script:
Add the indicator to your chart, and it will automatically mark bullish (green) and bearish (red) FVGs.
Interpreting FVGs:
Bullish FVGs (green zones): These often act as support or areas of potential price rebalancing on retracement.
Bearish FVGs (red zones): These often act as resistance or areas of interest for short entries.
Trade Ideas:
Use FVG zones to confirm other trade signals or strategies.
Watch for price interaction with these zones to time entries and exits.
Key Features
Automated detection of Fair Value Gaps.
Customizable visual representation to match your chart preferences.
Enhances trading precision by identifying price inefficiencies.
Suitable for scalping, day trading, or swing trading strategies.
This script provides a powerful tool to highlight important price levels and inefficiencies in the market, enabling traders to make informed decisions. Whether you're using it as a standalone indicator or combining it with other tools, the 'FVG - Nibz' indicator is a valuable addition to any trader's toolkit!
