Sathya: Short the highShort the High
This script has been developed as a professional service and is published only for customer verification/acceptance.
If you are interested in development services, either PM me or visit the Backtest-Rookies website (.com)
Summary
This strategy will attempt to take a short position within a time window only after X consecutive up days. Once X consecutive up days have been detected, two windows will open up. The first window tracks the high of the day. The second window will attempt to short the high of the day if price retests it.
Features
Tracking of consecutive up days using intra-day data
Opening a trade window when consecutive up days are detected
Tracking the high of a sub-session (user definable)
Shorting the high during a second sub-session (user definable)
Stop losses and take profits
End of sub-session close out option.
Buffer range from high of the day. So price does not need to retouch the high but can come with x rupees.
Background coloring of sub-sessions so it is easy to track trades
Cerca negli script per "track"
Premium/Discount with Candle Open stats [Herman]Premium/Discount with Stats
This indicator is designed to help traders identify and analyze premium/discount zones on any timeframe while automatically tracking statistics on price behavior relative to these zones. It is especially valuable for traders looking to structure entries, manage targets, and quantify market reactions to prior session ranges.
What it draws on the chart
✅ Range High and Low Lines
For each selected timeframe period (15min, 30min 1H, 4H, Daily), the indicator plots the high and low of the completed previous period.
These lines are color-coded dynamically based on sweep detection:
If the high was swept (price broke the previous high), the high line is marked as Premium.
If the low was swept, the low line is marked as Discount.
If both were swept or neither, it uses the default color settings.
✅ Midline
An optional midline at the 50% level of the previous period’s high-low range.
Helpful for mean-reversion traders or anyone watching for retests of equilibrium.
✅ Quartile Lines (25%–75%)
Optional additional lines at 25% and 75% of the previous range, helping traders visualize inner range subdivisions.
✅ Open Price Line
Marks the open price of the previous period as a horizontal reference.
✅ Background Fills
The region between low and midline is shaded with the Discount color.
The region between high and midline is shaded with the Premium color.
These optional fills help highlight the premium and discount zones visually.
✅ Current Incomplete Period Lines (optional)
You can choose to display provisional high, low, midline, quartiles, and open for the current forming period.
These update in real-time until the period closes.
Sweep Detection Logic
The indicator automatically tracks if the current period price sweeps above the previous period’s high or below the low.
A "sweep" is simply defined as price exceeding the previous high/low while tracking is active.
The sweep status affects the colors of the premium/discount lines, helping traders see potential liquidity grabs or stop hunts.
What it counts and tracks (Statistics)
The script automatically compiles statistics over time:
✅ Total Touches
Counts how many times the price in a new period touches either the previous period’s high or low.
A “touch” is registered once per side per period.
✅ Midline Returns
Counts how often, after touching the previous high/low, price returns to the previous period’s midline.
Gives you a measure of mean-reversion success.
✅ Open Returns
Similarly, tracks how often price returns to the previous period’s open after touching the previous high/low.
✅ Return Percentages
Displays the percentage of touches that result in a return to midline or open.
These percentages are calculated live on your chart and updated after each period closes.
✅ Stats Table
A customizable on-chart table summarizing all of these stats in real-time.
Helps traders evaluate the effectiveness of range-based trading setups over time.
How it Works (Technical details)
On each new bar, the script checks if a new period (as defined by your timeframe selection) has begun.
When a new period starts, the previous period’s high, low, open, midline, quartiles are recorded and drawn on the chart.
The script then “watches” the current period:
Updates provisional high and low.
Detects sweeps of previous highs/lows.
Tracks if price returns to the previous period’s midline or open after those sweeps.
Increments statistical counters if conditions are met.
Background fills and lines update dynamically based on real-time data.
Intended Use Cases
This indicator is ideal for:
✅ Identifying premium/discount zones for swing or intraday trades.
✅ Spotting liquidity sweeps and possible manipulation zones.
✅ Structuring trades with logical, data-driven target zones (midline, open).
✅ Quantifying the probability of mean-reversion moves after liquidity events.
✅ Developing and backtesting range-based trading models with live stats.
Highly Customizable
Choose any timeframe for defining the premium/discount range.
Toggle visibility of midline, quartiles, open line, current period preview.
Full control over colors, line styles, line widths, and background shading.
Optional real-time statistical table with total counts and return percentages.
ALMA Shifting Band Oscillator | QuantMACALMA Shifting Band Oscillator | QuantMAC
🎯 Advanced Technical Analysis Tool Combining ALMA with Dynamic Oscillator Technology
The ALMA Shifting Band Oscillator represents a sophisticated fusion of the Arnaud Legoux Moving Average (ALMA) with an innovative oscillator-based signaling system. This indicator transforms traditional moving average analysis into a comprehensive trading solution with dynamic band visualization and precise entry/exit signals.
Core Technology 🔧
Arnaud Legoux Moving Average Foundation
Built upon the mathematically superior ALMA calculation, this indicator leverages the unique properties of ALMA's phase shift and noise reduction capabilities. The ALMA component provides a responsive yet smooth baseline that adapts to market conditions with minimal lag.
Dynamic Band System
The indicator generates adaptive upper and lower bands around the ALMA centerline using statistical deviation analysis. These bands automatically adjust to market volatility, creating a dynamic envelope that captures price extremes and potential reversal zones.
Normalized Oscillator Engine
The heart of the system transforms price action relative to the dynamic bands into a normalized oscillator that oscillates around a zero line. This oscillator provides clear visual representation of momentum and position within the established bands.
Visual Features 🎨
Multi-Pane Display Architecture
Primary oscillator plotted in separate pane for clarity
Dynamic band overlay on price chart with elegant fill visualization
ALMA centerline marked with distinctive styling
Customizable threshold lines for signal identification
Advanced Color Schemes
Choose from 9 professionally designed color palettes:
Classic series offering various aesthetic preferences
High contrast options for different chart backgrounds
State-based coloring that changes with market conditions
Candle coloring that reflects current oscillator state
Enhanced Visual Elements
Smooth gradient band fills for easy trend identification
Dynamic line thickness and styling options
Professional transparency settings for overlay clarity
Customizable threshold visualization
Signal Generation System 📊
Dual Threshold Architecture
The indicator employs two distinct threshold levels that create a sophisticated signal framework:
Long Threshold : Triggers bullish signal generation
Short Threshold : Activates bearish signal conditions
Intelligent State Management
Advanced state tracking ensures clean signal generation without false triggers:
Prevents redundant signals in same direction
Maintains position awareness for proper entries/exits
Implements crossover logic for precise timing
Flexible Trading Modes
Long/Short Mode : Full bidirectional trading capabilities
Long/Cash Mode : Conservative approach with cash positions during bearish conditions
Professional Analytics Suite 📈
Comprehensive Performance Metrics
Integrated real-time performance analysis including:
Maximum Drawdown percentage tracking
Sortino Ratio for downside risk assessment
Sharpe Ratio for risk-adjusted returns
Omega Ratio for comprehensive performance evaluation
Profit Factor calculation
Win rate percentage analysis
Half Kelly percentage for position sizing guidance
Total trade count and net profit tracking
Advanced Risk Management
Real-time equity curve tracking
Peak-to-trough drawdown monitoring
Downside deviation calculations
Risk-adjusted return measurements
Customization Options ⚙️
ALMA Parameter Control
ALMA Length (Default: 42) - Controls the lookback period for the moving average calculation. Lower values (20-30) create faster, more responsive signals but increase noise. Higher values (50-100) produce smoother signals with less false alerts but slower reaction to price changes.
ALMA Offset (Default: 0.68) - Determines the phase shift of the moving average. Values closer to 0 behave like a simple moving average. Values closer to 1 act more like an exponential moving average. 0.68 provides optimal balance between responsiveness and smoothness.
ALMA Sigma (Default: 1.8) - Controls the smoothness factor of the ALMA calculation. Lower values (1.0-2.0) create sharper, more reactive averages. Higher values (4.0-8.0) produce extremely smooth but slower-responding averages. Affects how quickly the ALMA adapts to price changes.
Source Selection - Choose between Close, Open, High, Low, or custom price combinations. Close price is standard for most analysis. HL2 or HLC3 can provide different market perspectives and reduce single-price volatility.
Oscillator Fine-tuning
Standard Deviation Length (Default: 27) - Determines the lookback period for volatility calculation. Shorter periods (10-20) make bands more reactive to recent volatility changes. Longer periods (40-60) create more stable bands that filter out short-term volatility spikes.
SD Multiplier (Default: 2.8) - Controls the width of the dynamic bands. Lower values (1.5-2.0) create tighter bands with more frequent signals but higher false signal rate. Higher values (3.0-4.0) produce wider bands with fewer but potentially more reliable signals.
Oscillator Multiplier (Default: 100) - Scales the oscillator for visual clarity. This is purely cosmetic and doesn't affect signal generation. Adjust based on your preferred oscillator range visualization.
Long Threshold (Default: 82) - Sets the level where bullish signals trigger. Lower values (70-80) generate more frequent long signals but may include weaker setups. Higher values (85-95) create fewer but potentially stronger bullish signals.
Short Threshold (Default: 50) - Determines where bearish signals activate. Higher values (55-65) produce more short signals. Lower values (35-45) wait for stronger bearish conditions before signaling.
Trading Mode Configuration
Long/Short Mode - Full bidirectional trading that takes both long and short positions. Suitable for trending markets and experienced traders comfortable with short selling.
Long/Cash Mode - Conservative approach that only takes long positions or moves to cash during bearish signals. Ideal for bull market conditions or traders who prefer not to short.
Display Customization
Color Schemes (9 Options) - Choose from Classic to Classic9 palettes. Each offers different visual contrast for various chart backgrounds and personal preferences.
Metrics Table Position - Place performance metrics in any of 6 chart locations: Top Left/Right, Middle Left/Right, Bottom Left/Right.
Show/Hide Metrics Table - Toggle the comprehensive performance analytics display on or off based on your analysis needs.
Date Range Limiter - Set specific start dates for backtesting and signal generation. Useful for testing strategies on specific market periods or excluding unusual market events.
Parameter Optimization Tips
Volatile Markets - Use shorter ALMA Length (25-35), lower SD Multiplier (2.0-2.5), and moderate thresholds
Trending Markets - Employ longer ALMA Length (45-60), higher SD Multiplier (3.0-4.0), and extreme thresholds
Sideways Markets - Try medium ALMA Length (35-45), standard SD Multiplier (2.5-3.0), and closer thresholds (75/55)
Higher Timeframes - Generally use longer periods and higher multipliers for smoother signals
Lower Timeframes - Opt for shorter periods and lower multipliers for more responsive signals
Practical Applications 💡
Trend Following
Identify and follow established trends using the dynamic band system and oscillator position relative to thresholds.
Momentum Analysis
Gauge market momentum through oscillator readings and their relationship to historical levels.
Reversal Detection
Spot potential reversal points when price reaches extreme oscillator levels combined with band interactions.
Risk Management
Utilize integrated metrics for position sizing and risk assessment decisions.
Technical Specifications 🔍
Calculation Methodology
The indicator employs sophisticated mathematical formulations for ALMA calculation combined with statistical analysis for band generation. The oscillator normalization process ensures consistent readings across different market conditions and timeframes.
Performance Optimization
Designed for efficient processing with minimal computational overhead while maintaining calculation accuracy across all timeframes.
Multi-Timeframe Compatibility
Functions effectively across all trading timeframes from intraday scalping to long-term position trading.
Installation and Usage 📋
Simple Setup Process
Add indicator to chart
Configure ALMA parameters for your preferred responsiveness
Adjust threshold levels based on market volatility
Select desired color scheme and display options
Enable metrics table for performance tracking
Best Practices
Use multiple timeframe analysis for context
Monitor metrics table for strategy performance
Adjust parameters based on market conditions
This indicator represents a professional-grade tool designed for serious traders seeking advanced technical analysis capabilities with comprehensive performance tracking. The combination of ALMA's mathematical precision with dynamic oscillator technology creates a unique analytical framework suitable for various trading styles and market conditions.
🚀 Transform your technical analysis with this advanced ALMA-based oscillator system!
⚠️ IMPORTANT DISCLAIMER
Past Performance Warning: 📉⚠️
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. Historical backtesting results, while useful for strategy development and parameter optimization, do not guarantee similar performance in live trading conditions. Market conditions change continuously, and what worked in the past may not work in the future.
Remember: Successful trading requires discipline, continuous learning, and adaptation to changing market conditions. No indicator or strategy guarantees profits, and all trading involves substantial risk of loss.
Kitty PMO [theUltimator5]Kitty PMO is a momentum analysis tool designed to visually track and interpret the Price Momentum Oscillator (PMO) — with stylistic influence inspired by the charting approach made popular by “theRoaringKitty.” It aims to offer clear, actionable momentum signals directly overlaid on the chart without clutter or ambiguity, making it ideal for traders who prioritize simplicity and signal clarity.
At its core, the indicator calculates the PMO by applying a custom recursive smoothing function to the rate of change (ROC) of price. This smoothed momentum measure is then:
Amplified by a scaling factor (×10),
Further smoothed using user-defined parameters,
Compared against a signal line (EMA of PMO),
And tracked with a secondary moving average (PMO MA) to capture medium-term trend inflections.
While the PMO and its associated signal lines can optionally be plotted, the indicator primarily emphasizes crossovers between the PMO MA and the other two components. When the PMO MA crosses above both the PMO and signal line, a green upward arrow (↑) is plotted below the price. When it crosses below both, a red downward arrow (↓) appears above the price — making it easy to spot potential turning points in momentum.
Additionally, a floating info table can be toggled on to display all current user-defined parameters in a clean, resizable format. This makes the script ideal not just for technical execution but also for real-time strategy tuning and tracking across multiple timeframes.
The script includes optional alerts so you can be notified the moment a key crossover signal is triggered, without needing to keep your eyes glued to the screen.
Rev & Line - CoffeeKillerRev & Line - CoffeeKiller Indicator Guide
🔔 Warning: This Indicator Repaints 🔔 This indicator uses real-time calculations that may change based on future price action. As a result, signals (such as arrows, lines, or color changes) **can and will repaint** — meaning they may appear, disappear, or shift after a candle closes.
**Do not rely on this tool alone for live trading decisions.** Use with caution and always confirm with non-repainting tools or additional analysis.(This indicator is designed to show me the full length of the trend and because of this there can be a smaller movement inside of the trend movement)
Welcome traders! This guide will walk you through the Rev & Line indicator, a sophisticated technical analysis tool developed by CoffeeKiller that combines multiple methodologies to identify market pivots, trends, and potential reversal points.
Core Components
1. ZigZag Analysis
- Dynamic pivot detection using ATR (Average True Range)
- Customizable sensitivity through ATR Reversal Factor
- Color-coded trend lines (green for upward, red for downward)
- Optional vertical lines at pivot points
- Real-time pivot point analysis
2. Donchian Channel Integration
- Traditional upper, lower, and middle bands
- Customizable length and displacement
- Channel-based entry signals
- Dynamic market structure visualization
3. Marker Lines System
- Dynamic support/resistance level tracking
- Pivot-based reset mechanism
- Optional fill zones between markers
- Percentage position tracking within range
4. Signal Generation System
- Confluence between ZigZag pivots and Donchian channels
- Up/down arrow visualization
- Alert system
Main Features
ZigZag Settings
- ATR Reversal Factor: Controls pivot sensitivity (default 3.2)
- Customizable line appearance:
Width control (default: 3)
Color selection (green for uptrend, red for downtrend)
Vertical line options at pivot points
Maximum vertical lines display limit
- Hide repainted option for more reliable signals
Donchian Channel Configuration
- Optional channel visibility toggle
- Length parameter for lookback period (default: 20)
- Displace option for time offset
- Bubble offset for visual placement
Marker Lines System
- High/low/middle marker lines with step-line visualization
- Dotted line projections for future reference
- Pivot-based reset mechanism
- Color-coded percentage position display
Signal Generation
- Triangle markers for signals
- Combined ZigZag and Donchian confluence
- Alert system for notifications
Visual Elements
1. Pivot Lines
- Green: Upward price movements
- Red: Downward price movements
- Customizable line width
- Optional vertical pivot markers with style options:
Solid lines for confirmed pivots
Dashed lines for older pivots
Dotted lines for most recent pivots
2. Donchian Channels
- Upper band (red): Resistance level
- Lower band (green): Support level
- Middle band (yellow): Median price line
- Customizable display options
3. Marker Lines
- High marker line (magenta): Tracks highest open price
- Low marker line (cyan): Tracks lowest open price
- Middle marker line (blue): 50% level between high/low
- Dotted line extensions for future price projections
4. Position Tracking
- Percentage position display within marker range
- Real-time calculations from 0% to 100%
- Label system for visual reference
Trading Applications
1. Trend Following
- Enter on confirmed ZigZag pivot points
- Use Donchian channel boundaries as targets
- Trail stops using marker lines
- Monitor for confluence between systems
2. Counter-Trend Trading
- Trade bounces from marker lines
- Use pivot confirmation for entry timing
- Set stops based on recent pivot points
- Target the opposite marker line
3. Range Trading
- Use high/low marker lines to define range
- Trade bounces between upper and lower markers
- Consider middle marker for range midpoint
- Monitor percentage position within range
4. Breakout Trading
- Enter on breaks above/below marker lines
- Confirm with Donchian channel breakouts
- Use ZigZag pivot confirmations
- Wait for arrow signals for additional confirmation
Optimization Guide
1. ZigZag Parameters
- Higher ATR Factor: Less sensitive, major moves only
- Lower ATR Factor: More sensitive, catches minor moves
- Adjust line width for chart visibility
- Balance vertical line count for clarity
2. Donchian Channel Settings
- Longer length: Smoother channels, fewer false signals
- Shorter length: More responsive, but potentially noisier
- Displacement: Offset for historical reference
- Consider timeframe when setting parameters
3. Marker Line Configuration
- Enable/disable based on trading style
- Toggle middle line for additional reference
- Adjust colors for visual clarity
- Enable/disable labels as needed
4. Signal Generation
- Use "Hide repainted" option for more reliable signals
- Combine ZigZag and Donchian signals for confirmation
- Set alerts based on confirmed pivot points
- Balance sensitivity with reliability
Best Practices
1. Signal Confirmation
- Wait for confirmed pivot points
- Check for Donchian channel interactions
- Confirm with price action
- Look for arrow signals at pivot points
2. Risk Management
- Use recent pivot points for stop placement
- Consider marker line boundaries for targets
- Don't trade against strong trends
- Wait for clear confluence between systems
3. Setup Optimization
- Start with default settings
- Adjust based on timeframe
- Fine-tune ATR sensitivity
- Match settings to trading style
Advanced Features
1. Alert System
- Customizable arrow alerts
- Pivot point notifications
- Text message alerts with ticker information
- Once-per-bar frequency option
2. Pivot Detection Logic
The indicator uses a sophisticated state-based approach to detect pivots:
- State transitions between "uptrend," "downtrend," and "undefined"
- ATR-based reversal detection
- Minimum movement threshold for pivot confirmation
- Historical pivot tracking and labeling
3. Marker Line Reset Mechanism
- Marker lines reset based on pivot detection
- Dynamic support/resistance level adjustment
- Percentage position calculation within range
- Automatic updates as market structure changes
Remember:
- Combine multiple confirmation signals
- Use appropriate timeframe settings
- Monitor both ZigZag and Marker signals
- Pay attention to Donchian channel interactions
- Consider market volatility when trading
This indicator works best when:
- Used with proper risk management
- Combined with other technical tools
- Applied to appropriate timeframes
- Signals are confirmed by price action
**DISCLAIMER**: This indicator and its signals are intended solely for educational and informational purposes. They do not constitute financial advice. Trading involves significant risk of loss. Always conduct your own analysis and consult with financial professionals before making trading decisions.
Key Levels by MoneyTribe21This custom script provides real-time tracking of key market price levels, helping traders identify critical support and resistance zones. It dynamically updates throughout the trading session, making it ideal for intraday trading, breakout strategies, and market structure analysis.
Features:
Real-Time Tracking of Key Price Levels:
ATH (All-Time High): Tracks the highest price ever reached for the asset.
PDH (Previous Day High): Marks the high of the last trading day,
PDL (Previous Day Low): Marks the low of the last trading day, serving as dynamic support.
Resistance Level: Based on the current day’s high, signaling potential price rejection points.
Support Level: Based on the current day’s low, indicating potential price bounces.
Daily Open Price: Tracks the exact market open price at the start of the trading session.
Works Across All Timeframes:
Designed for intraday, swing, and long-term trading.
Automatically adjusts levels for Forex, Stocks, Crypto, and Indices.
Fully Customizable Settings:
Modify line colors, thickness, and styles for better chart readability.
Enable/disable specific levels based on trading preference.
Works on all TradingView-compatible brokers and platforms.
How to Use This Indicator:
Breakout & Reversal Trading:
If price breaks above PDH, it may indicate bullish momentum.
If price breaks below PDL, it may signal a bearish continuation.
ATH levels can act as strong resistance zones—watch for breakouts or rejection.
Dynamic Support & Resistance:
Resistance Level (Current Day High): If price fails to break, it may signal a reversal.
Support Level (Current Day Low): If price bounces off, it may confirm a strong uptrend.
Daily Open for Trend Confirmation:
Above Daily Open: Market sentiment is bullish.
Below Daily Open: Market sentiment is bearish.
Customization Options:
Toggle individual price levels ON/OFF for a clutter-free chart.
Customize colors, line styles, and alerts for better visualization.
Set alerts for breakouts & retests of key levels.
Ideal for Traders Who:
Want high-probability support & resistance zones in real-time.
Trade breakouts, reversals, or trend continuations.
Use market structure analysis for informed decision-making.
Need automatic price tracking instead of drawing levels manually.
Compatible with all TradingView timeframes & assets (Forex, Stocks, Crypto, Indices).
Designed for both beginner and advanced traders.
Add this indicator to your chart and start tracking key levels instantly.
Bubu VWEMA & VWAPVolume Weighted Exponential Moving Average gives additional support / resistance lines to track as well as giving confidence to there respective EMAs.
A VWEMA will act much faster to volume spikes.
Intraday, Daily, and Weekly VWAPs are also shown to give more support / resistance lines to track.
The normal EMA lines (Thick ones) have colours based on a matrix calculated in the back. The Fast EMA is using 20 RSI indicators tracking how many cross above 50. The slow EMA is using 40 MACDs histograms when they cross mid point.
The VWEMA and the fill is graded on 20(fast) and 40(slow) VWEMAs crossovers.
TIME-SPLT ACADEMY INDICATOR# TIME-SPLT ACADEMY CISD + FVG + TSM FRACTALS - Comprehensive Market Structure Analysis Tool
## Overview
This indicator combines three essential market structure analysis components into a unified trading tool: Change in State Direction (CISD), Fair Value Gaps (FVG), and TSM Fractals. This integration provides traders with a complete framework for identifying market structure breaks, price imbalances, and key pivot levels on any timeframe.
## Component 1: CISD (Change in State Direction)
**What it is:** CISD identifies significant breaks in market structure by tracking when price decisively breaks above previous swing highs (bullish CISD) or below previous swing lows (bearish CISD). This concept is fundamental to understanding trend changes and continuation patterns.
**How it works:**
- Monitors swing highs and lows using customizable pivot periods
- Tracks when price closes above a previous swing high (bullish structure break)
- Tracks when price closes below a previous swing low (bearish structure break)
- Draws horizontal lines from the pivot point to the break point with "CISD" labels
- Works on multiple timeframes simultaneously
**Trading Applications:**
- Identifies trend changes and continuation signals
- Provides entry signals on structure breaks
- Helps determine market bias and direction
## Component 2: FVG (Fair Value Gaps)
**What it is:** Fair Value Gaps are price imbalances that occur when there's a gap between the high of one candle and the low of another candle two periods later, with the middle candle not filling this gap. These represent areas where price moved inefficiently and often return to "fill" the gap.
**How it works:**
- Analyzes 3-candle patterns to identify gaps
- Bearish FVG: Gap between low and high where price dropped leaving unfilled space above
- Bullish FVG: Gap between high and low where price rose leaving unfilled space below
- Tracks 8 different candle body combinations for each direction (up, down, doji patterns)
- Monitors gap mitigation when price returns to fill the imbalance
- Changes color when gaps are partially or fully mitigated
**Gap Detection Logic:**
- Bearish FVG patterns: DDD, DDJ, JDD, UDJ, JDU, UDD, DDU, UDU
- Bullish FVG patterns: DUD, DUJ, JUD, UUJ, JUU, UUD, DUU, UUU
- (D=Down candle, U=Up candle, J=Doji candle)
**Trading Applications:**
- High-probability reversal zones when price returns to FVGs
- Support and resistance levels
- Target areas for limit orders
- Risk management reference points
## Component 3: TSM Fractals
**What it is:** TSM Fractals identify significant pivot highs and lows using Williams Fractal methodology. These mark potential reversal points and key support/resistance levels.
**How it works:**
- Identifies fractal highs: peaks where the center candle's high is higher than surrounding candles
- Identifies fractal lows: valleys where the center candle's low is lower than surrounding candles
- Uses customizable lookback periods (default 15) for fractal identification
- Displays horizontal lines with "$" symbols at fractal levels
- Maintains a configurable number of recent fractals on the chart
**Trading Applications:**
- Key support and resistance levels
- Potential reversal zones
- Confluence with other analysis tools
- Stop loss placement reference points
## Why This Combination Works
**Synergistic Analysis:** Each component provides different but complementary information:
1. **CISD** shows when market structure changes, indicating trend shifts or continuation
2. **FVGs** reveal where price has moved inefficiently and may return for rebalancing
3. **Fractals** highlight key pivot points that often act as support/resistance
**Trading Edge:** The combination allows for:
- **Entry Confirmation:** Wait for CISD breaks near unfilled FVGs at fractal levels
- **Risk Management:** Use FVG boundaries and fractal levels for stop placement
- **Target Selection:** Project moves to opposite FVGs or fractal levels
- **Market Context:** Understand whether you're trading with or against structure
## Key Features
**Multi-Timeframe CISD:**
- Customizable timeframe settings (Minute, Hour, Day, Week, Month)
- Adjustable swing length for pivot identification
- Customizable line styles, widths, and colors
- Optional alerts on structure breaks
**Advanced FVG Management:**
- Automatic gap size filtering
- Real-time mitigation tracking
- Color-coded active vs. mitigated gaps
- Optional pip value labels
- Large gap alerts for significant imbalances
**Intelligent Fractal Display:**
- Configurable fractal periods
- Maximum fractal count management
- Clean visual presentation
- Historical fractal preservation
## Settings & Customization
**CISD Settings:**
- Timeframe selection and multipliers
- Swing length adjustment (default 7)
- Line styling options
- Color customization for bullish/bearish breaks
- Alert toggle options
**FVG Settings:**
- Show/hide toggles for each direction
- Minimum gap size filtering
- Alert threshold for large gaps
- Color schemes for active and mitigated gaps
- Optional size labels in pips
**Fractal Settings:**
- Fractal period adjustment (default 15)
- Maximum display count (default 10)
- Show/hide toggle
## Educational Value
This indicator teaches traders to:
- Understand market structure concepts
- Recognize price inefficiencies
- Identify key pivot points
- Combine multiple analysis methods
- Develop systematic trading approaches
## Use Cases
**Swing Trading:** Identify major structure breaks with FVG confluence
**Day Trading:** Use lower timeframe CISDs with intraday FVGs
**Scalping:** Quick entries at FVG mitigation near fractal levels
**Position Trading:** Higher timeframe structure analysis with major FVGs
## Technical Implementation
- Utilizes Pine Script v6 for optimal performance
- Efficient array management for historical data
- Real-time calculations without repainting
- Memory-optimized box and line management
- Multi-timeframe data handling with proper security functions
This comprehensive tool eliminates the need for multiple separate indicators, providing everything needed for complete market structure analysis in one cohesive package. The educational component helps traders understand not just what the signals are, but why they work and how to use them effectively in different market conditions.
Kijun Shifting Band Oscillator | QuantMAC🎯 Kijun Shifting Band Oscillator | QuantMAC
📊 **Revolutionary Technical Analysis Tool Combining Ancient Ichimoku Wisdom with Cutting-Edge Statistical Methods**
🌟 Overview
The Kijun Shifting Band Oscillator represents a sophisticated fusion of traditional Japanese technical analysis and modern statistical theory. Built upon the foundational concepts of the Ichimoku Kinko Hyo system, this indicator transforms the classic Kijun-sen (base line) into a dynamic, multi-dimensional analysis tool that provides traders with unprecedented market insights.
This advanced oscillator doesn't just show you where price has been – it reveals the underlying momentum dynamics and volatility patterns that drive market movements, giving you a statistical edge in your trading decisions.
🔥 Key Features & Innovations
Dual Trading Modes for Maximum Flexibility: 🚀
Long/Short Mode: Full bidirectional trading capability for aggressive traders seeking to capitalize on both bullish and bearish market conditions
Long/Cash Mode: Conservative approach perfect for risk-averse traders, taking long positions during uptrends and moving to cash during downtrends (avoiding short exposure)
Advanced Visual Intelligence: 🎨
9 Professional Color Schemes: From classic blue/navy to vibrant orange/purple combinations, each optimized for different chart backgrounds and personal preferences
Dynamic Gradient Histogram: Color intensity reflects oscillator strength, providing instant visual feedback on momentum magnitude
Intelligent Overlay Bands: Semi-transparent fills create clear visual boundaries without cluttering your chart
Smart Candle Coloring: Real-time color changes reflect current market state and trend direction
Customizable Threshold Lines: Clearly marked entry and exit levels with contrasting colors
Professional-Grade Analytics: 📊
Real-Time Performance Metrics: Live calculation of 9 key performance indicators
Risk-Adjusted Returns: Sharpe, Sortino, and Omega ratios for comprehensive performance evaluation
Position Sizing Guidance: Half-Kelly percentage for optimal risk management
Drawdown Analysis: Maximum drawdown tracking for risk assessment
📈 Deep Technical Foundation
Kijun-Based Mathematical Framework: 🧮
The indicator begins with the traditional Kijun-sen calculation but extends it significantly:
Statistical Enhancements: 📉
Adaptive Volatility: Bands expand and contract based on market volatility
Momentum Filtering: EMA smoothing of oscillator for trend confirmation
State Management: Intelligent signal filtering prevents whipsaws and false signals
Multi-Timeframe Compatibility: Optimized algorithms work across all timeframes
⚙️ Comprehensive Parameter Control
Kijun Core Settings: 🎛️
Kijun Length (Default: 30): Controls the lookback period for the base calculation. Shorter periods = more responsive, longer periods = smoother signals
Source Selection: Choose from Close, Open, High, Low, or HL2. Close price recommended for most applications
Calculation Method: Uses traditional Ichimoku methodology ensuring compatibility with classic analysis
Advanced Oscillator Configuration: 📊
Standard Deviation Length (Default: 36): Determines volatility measurement period. Affects band width and sensitivity
SD Multiplier (Default: 2.1): Fine-tune band distance from basis line. Higher values = wider bands, lower values = tighter bands
Oscillator Multiplier (Default: 100): Scales the final oscillator output. Useful for matching other indicators or personal preference
Smoothing Algorithm: Built-in EMA smoothing prevents noise while maintaining responsiveness
Signal Threshold Optimization: 🎯
Long Threshold (Default: 83): Oscillator level that triggers long entries. Higher values = fewer but stronger signals
Short Threshold (Default: 42): Oscillator level that triggers short entries. Lower values = fewer but stronger signals
Threshold Logic: Crossover-based system with state management prevents signal overlap
Customization Range: Fully adjustable to match your trading style and risk tolerance
Precision Date Control: 📅
Start Date/Month/Year: Precise backtesting control down to the day
Historical Analysis: Test strategies on specific market periods or events
Strategy Validation: Isolate performance during different market conditions
📊 Professional Metrics Dashboard
Risk Assessment Metrics: 💼
Maximum Drawdown %: Largest peak-to-trough decline in portfolio value. Critical for understanding worst-case scenarios and position sizing
Sortino Ratio: Risk-adjusted return measure focusing only on downside volatility. Superior to Sharpe ratio for asymmetric return distributions
Sharpe Ratio: Classic risk-adjusted performance metric. Values above 1.0 considered good, above 2.0 excellent
Omega Ratio: Probability-weighted ratio capturing all moments of return distribution. More comprehensive than Sharpe or Sortino
Performance Analytics: 📈
Profit Factor: Gross Profit ÷ Gross Loss. Values above 1.0 indicate profitability, above 2.0 considered excellent
Win Rate %: Percentage of profitable trades. Consider alongside average win/loss size for complete picture
Net Profit %: Total return on initial capital. Accounts for compounding effects
Total Trades: Sample size for statistical significance assessment
Advanced Position Sizing: 🎯
Half Kelly %: Optimal position size based on Kelly Criterion, reduced by 50% for safety margin
Risk Management: Helps determine appropriate position size relative to account equity
Mathematical Foundation: Based on win probability and profit factor calculations
Practical Application: Directly usable percentage for position sizing decisions
🎨 Advanced Display Options
Flexible Interface Design: 🖥️
6 Positioning Options: Top/Bottom/Middle × Left/Right combinations for optimal chart organization
Toggle Functionality: Show/hide metrics table for clean chart presentation during analysis
Color Coordination: Metrics table colors match selected oscillator color scheme
Professional Styling: Clean, readable format with proper spacing and alignment
Visual Hierarchy: 🎭
Oscillator Histogram: Primary focus with gradient intensity showing momentum strength
Threshold Lines: Clear horizontal references for entry/exit levels
Zero Line: Neutral reference point for trend bias determination
Background Bands: Subtle overlay context without chart clutter
🚀 Advanced Signal Generation System
Multi-Layer Signal Logic: ⚡
Primary Signal Generation: Oscillator crossover above Long Threshold (default 83) triggers long entries
Exit Signal Processing: Oscillator crossunder below Short Threshold (default 42) triggers position exits
State Management System: Prevents duplicate signals and ensures clean position transitions
Mode-Specific Logic: Different behavior for Long/Short vs Long/Cash modes
Date Range Filtering: Signals only generated within specified backtesting period
Confirmation Requirements: Bar confirmation prevents false signals from intrabar price spikes
Intelligent Position Management: 🧠
Entry Tracking: Precise entry price recording for accurate P&L calculations
Position State Monitoring: Continuous tracking of long/short/cash positions
Automatic Exit Logic: Seamless position closure and new position initiation
Performance Calculation: Real-time P&L tracking with compounding effects
📉📈 Comprehensive Band Interpretation Guide
Dynamic Band Analysis: 🔍
Upper Band Function: Represents dynamic resistance based on recent volatility. Price approaching upper band suggests potential reversal or breakout
Lower Band Function: Represents dynamic support with volatility adjustment. Price near lower band indicates oversold conditions or support testing
Middle Line (Basis): Trend direction indicator. Price above = bullish bias, price below = bearish bias
Band Width Interpretation: Wide bands = high volatility, narrow bands = low volatility/potential breakout setup
Band Slope Analysis: Rising bands = strengthening trend, falling bands = weakening trend
Oscillator Interpretation: 📊
Values Above 50: Price in upper half of recent range, bullish momentum
Values Below 50: Price in lower half of recent range, bearish momentum
Extreme Values (>80 or <20): Overbought/oversold conditions, potential reversal zones
Momentum Divergence: Oscillator direction vs price direction for early reversal signals
Trend Confirmation: Oscillator direction confirming or contradicting price trends
💡 Strategic Trading Applications
Primary Trading Strategies: 🎯
Trend Following: Use threshold crossovers to capture major directional moves. Best in trending markets with clear directional bias
Mean Reversion: Identify extreme oscillator readings for counter-trend opportunities. Effective in range-bound markets
Breakout Trading: Monitor band compressions followed by expansions for breakout signals
Swing Trading: Combine oscillator signals with band interactions for swing position entries/exits
Risk Management: Use metrics dashboard for position sizing and risk assessment
Market Condition Optimization: 🌊
Trending Markets: Increase threshold separation for fewer, stronger signals
Choppy Markets: Decrease threshold separation for more responsive signals
High Volatility: Increase SD multiplier for wider bands
Low Volatility: Decrease SD multiplier for tighter bands and earlier signals
⚙️ Advanced Configuration Tips
Parameter Optimization Guidelines: 🔧
Kijun Length Adjustment: Shorter periods (10-20) for faster signals, longer periods (50-100) for smoother trends
SD Length Tuning: Match to your trading timeframe - shorter for responsive, longer for stability
Threshold Calibration: Backtest different levels to find optimal entry/exit points for your market
Color Scheme Selection: Choose schemes that provide best contrast with your chart background and other indicators
Integration with Other Indicators: 🔗
Volume Indicators: Confirm oscillator signals with volume spikes
Support/Resistance: Use key levels to filter oscillator signals
Momentum Indicators: RSI, MACD confirmation for signal strength
Trend Indicators: Moving averages for overall trend bias confirmation
⚠️ Important Usage Notes & Limitations
Indicator Characteristics: ⚡
Lagging Nature: Based on historical price data - signals occur after moves have begun
Best Practice: Combine with leading indicators and price action analysis
Market Dependency: Performance varies across different market conditions and instruments
Backtesting Essential: Always validate parameters on historical data before live implementation
Optimization Recommendations: 🎯
Parameter Testing: Systematically test different combinations on your preferred instruments
Walk-Forward Analysis: Regularly re-optimize parameters to maintain effectiveness
Market Regime Awareness: Adjust parameters for different market conditions (trending vs ranging)
Risk Controls: Implement maximum drawdown limits and position size controls
🔧 Technical Specifications
Performance Optimization: ⚡
Efficient Algorithms: Optimized calculations for smooth real-time operation
Memory Management: Smart array handling for metrics calculations
Visual Optimization: Balanced detail vs performance for responsive charts
Multi-Symbol Ready: Consistent performance across different assets
---
The Kijun Shifting Band Oscillator represents the evolution of technical analysis, bridging the gap between traditional methods and modern quantitative approaches. This indicator provides traders with a comprehensive toolkit for market analysis, combining the intuitive wisdom of Japanese candlestick analysis with the precision of statistical mathematics.
🎯 Designed for serious traders who demand professional-grade analysis tools with institutional-quality metrics and risk management capabilities. Whether you're a discretionary trader seeking visual confirmation or a systematic trader building quantitative strategies, this indicator provides the foundation for informed trading decisions.
⚠️ IMPORTANT DISCLAIMER
Past Performance Warning: 📉⚠️
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. Historical backtesting results, while useful for strategy development and parameter optimization, do not guarantee similar performance in live trading conditions. Market conditions change continuously, and what worked in the past may not work in the future.
Remember: Successful trading requires discipline, continuous learning, and adaptation to changing market conditions. No indicator or strategy guarantees profits, and all trading involves substantial risk of loss.
AMD Session Structure Levels# Market Structure & Manipulation Probability Indicator
## Overview
This advanced indicator is designed for traders who want a systematic approach to analyzing market structure, identifying manipulation, and assessing probability-based trade setups. It incorporates four core components:
### 1. Session Price Action Analysis
- Tracks **OHLC (Open, High, Low, Close)** within defined sessions.
- Implements a **dual tracking system**:
- **Official session levels** (fixed from the session open to close).
- **Real-time max/min tracking** to differentiate between temporary spikes and real price acceptance.
### 2. Market Manipulation Detection
- Identifies **manipulative price action** using the relationship between the open and close:
- If **price closes below open** → assumes **upward manipulation**, followed by **downward distribution**.
- If **price closes above open** → assumes **downward manipulation**, followed by **upward distribution**.
- Normalized using **ATR**, ensuring adaptability across different volatility conditions.
### 3. Probability Engine
- Tracks **historical wick ratios** to assess trend vs. reversal conditions.
- Calculates **conditional probabilities** for price moves.
- Uses a **special threshold system (0.45 and 0.03)** for reversal signals.
- Provides **real-time probability updates** to enhance trade decision-making.
### 4. Market Condition Classification
- Classifies market conditions using a **wick-to-body ratio**:
```pine
wick_to_body_ratio = open > close ? upper_wick / (high - low) : lower_wick / (high - low)
```
- **Low ratio (<0.25)** → Likely a **trend day**.
- **High ratio (>0.25)** → Likely a **range day**.
---
## Why This Indicator Stands Out
### ✅ Smarter Level Detection
- Uses **ATR-based dynamic levels** instead of static support/resistance.
- Differentiates **manipulation from distribution** for better decision-making.
- Updates probabilities **in real-time**.
### ✅ Memory-Efficient Design
- Implements **circular buffers** to maintain efficiency:
```pine
var float manipUp = array.new_float(lookbackPeriod, 0.0)
var float manipDown = array.new_float(lookbackPeriod, 0.0)
```
- Ensures **constant memory usage**, even over extended trading sessions.
### ✅ Advanced Probability Calculation
- Utilizes **conditional probabilities** instead of simple averages.
- Incorporates **market context** through wick analysis.
- Provides **actionable signals** via a probability table.
---
## Trading Strategy Guide
### **Best Entry Setups**
✅ Wait for **price to approach manipulation levels**.
✅ Confirm using the **probability table**.
✅ Check the **wick ratio for context**.
✅ Enter when **conditional probability aligns**.
### **Smart Exit Management**
✅ Use **distribution levels** as **profit targets**.
✅ Scale out **when probabilities shift**.
✅ Monitor **wick percentiles** for confirmation.
### **Risk Management**
✅ Size positions based on **probability readings**.
✅ Place stops at **manipulation levels**.
✅ Adjust position size based on **trend vs. range classification**.
---
## Configuration Tips
### **Session Settings**
```pine
sessionTime = input.session("0830-1500", "Session Hours")
weekDays = input.string("23456", "Active Days")
```
- Match these to your **primary trading session**.
- Adjust for different **market opens** if needed.
### **Analysis Parameters**
```pine
lookbackPeriod = input.int(50, "Lookback Period")
low_threshold = input.float(0.25, "Trend/Range Threshold")
```
- **50 periods** is a good starting point but can be optimized per instrument.
- The **0.25 threshold** is ideal for most markets but may need adjustments.
---
## Market Structure Breakdown
### **Trend/Continuation Days**
- **Characteristics:**
✅ Small **opposing wicks** (minimal counter-pressure).
✅ Clean, **directional price movement**.
- **Bullish Trend Day Example:**
✅ Small **lower wicks** (minimal downward pressure).
✅ Strong **closes near the highs** → **Buyers in control**.
- **Bearish Trend Day Example:**
✅ Small **upper wicks** (minimal upward pressure).
✅ Strong **closes near the lows** → **Sellers in control**.
### **Reversal Days**
- **Characteristics:**
✅ **Large opposing wicks** → Failed momentum in the initial direction.
- **Bullish Reversal Example:**
✅ **Large upper wick early**.
✅ **Strong close from the lows** → **Sellers failed to maintain control**.
- **Bearish Reversal Example:**
✅ **Large lower wick early**.
✅ **Weak close from the highs** → **Buyers failed to maintain control**.
---
## Summary
This indicator systematically quantifies market structure by measuring **manipulation, distribution, and probability-driven trade setups**. Unlike traditional indicators, it adapts dynamically using **ATR, historical probabilities, and real-time tracking** to offer a structured, data-driven approach to trading.
🚀 **Use this tool to enhance your decision-making and gain an objective edge in the market!**
Liquidations Zones [ChartPrime]The Liquidation Zones indicator is designed to detect potential liquidation zones based on common leverage levels such as 10x, 25x, 50x, and 100x. By calculating percentage distances from recent pivot points, the indicator shows where leveraged positions are most likely to get liquidated. It also tracks buy and sell volumes in these zones, helping traders assess market pressure and predict liquidation scenarios. Additionally, the indicator features a heat map mode to highlight areas where orders and stop-losses might be clustered.
⯁ KEY FEATURES AND HOW TO USE
⯌ Leverage Zones Detection :
The indicator identifies zones where positions with leverage ratios of 100x, 50x, 25x, and 10x are at risk of liquidation. These zones are based on percentage moves from recent pivots: a 1% move can liquidate 100x positions, a 4% move affects 25x positions, and so on.
⯌ Liquidated Zones and Volume Tracking :
The indicator displays liquidated zones by plotting gray areas where the price potentually liquidate positons. It calculates the volume needed to liquidate positions in these zones, showing volume from bullish candles if short positions were liquidated and volume from bearish candles for long positions. This feature helps traders assess the risk of liquidation as the price approaches these zones.
⯌ Buy/Sell Volume Calculation :
Buy and sell volumes are calculated from the most recent pivot high or low. For buy volume, only bullish candles are considered, while for sell volume, only bearish candles are summed. This data helps traders gauge the strength of potential liquidation in different zones.
Example of buy and sell volume tracking in active zones:
⯌ Liquidity Heat Map :
In heat map mode, the indicator visualizes potential liquidity areas where orders and stop-losses may be clustered. This map highlights zones that are likely to experience liquidations based on leverage ratios. Additionally, it tracks the highest and lowest price levels for the past 100 bars, while also displaying buy and sell volumes. This feature is useful for predicting market moves driven by liquidation events.
⯁ USER INPUTS
Length : Determines the number of bars used to calculate pivots for liquidation zones.
Extend : Controls how far the liquidation zones are extended on the chart.
Leverage Options : Toggle options to display zones for different leverage levels: 10x, 25x, 50x, and 100x.
Display Heat Map : Enables or disables the liquidity heat map feature.
⯁ CONCLUSION
The Liquidation Zones indicator provides a powerful tool for identifying potential liquidation zones, tracking volume pressure, and visualizing liquidity areas on the chart. With its real-time updates and multiple features, this indicator offers valuable insights for managing risk and anticipating market moves driven by leveraged positions.
Multi-Step FlexiMA - Strategy [presentTrading]It's time to come back! hope I can not to be busy for a while.
█ Introduction and How It Is Different
The FlexiMA Variance Tracker is a unique trading strategy that calculates a series of deviations between the price (or another indicator source) and a variable-length moving average (MA). Unlike traditional strategies that use fixed-length moving averages, the length of the MA in this system varies within a defined range. The length changes dynamically based on a starting factor and an increment factor, creating a more adaptive approach to market conditions.
This strategy integrates Multi-Step Take Profit (TP) levels, allowing for partial exits at predefined price increments. It enables traders to secure profits at different stages of a trend, making it ideal for volatile markets where taking full profits at once might lead to missed opportunities if the trend continues.
BTCUSD 6hr Performance
█ Strategy, How It Works: Detailed Explanation
🔶 FlexiMA Concept
The FlexiMA (Flexible Moving Average) is at the heart of this strategy. Unlike traditional MA-based strategies where the MA length is fixed (e.g., a 50-period SMA), the FlexiMA varies its length with each iteration. This is done using a **starting factor** and an **increment factor**.
The formula for the moving average length at each iteration \(i\) is:
`MA_length_i = indicator_length * (starting_factor + i * increment_factor)`
Where:
- `indicator_length` is the user-defined base length.
- `starting_factor` is the initial multiplier of the base length.
- `increment_factor` increases the multiplier in each iteration.
Each iteration applies a **simple moving average** (SMA) to the chosen **indicator source** (e.g., HLC3) with a different length based on the above formula. The deviation between the current price and the moving average is then calculated as follows:
`deviation_i = price_current - MA_i`
These deviations are normalized using one of the following methods:
- **Max-Min normalization**:
`normalized_i = (deviation_i - min(deviations)) / range(deviations)`
- **Absolute Sum normalization**:
`normalized_i = deviation_i / sum(|deviation_i|)`
The **median** and **standard deviation (stdev)** of the normalized deviations are then calculated as follows:
`median = median(normalized deviations)`
For the standard deviation:
`stdev = sqrt((1/(N-1)) * sum((normalized_i - mean)^2))`
These values are plotted to provide a clear indication of how the price is deviating from its variable-length moving averages.
For more detail:
🔶 Multi-Step Take Profit
This strategy uses a multi-step take profit system, allowing for exits at different stages of a trade based on the percentage of price movement. Three take-profit levels are defined:
- Take Profit Level 1 (TP1): A small, quick profit level (e.g., 2%).
- Take Profit Level 2 (TP2): A medium-level profit target (e.g., 8%).
- Take Profit Level 3 (TP3): A larger, more ambitious target (e.g., 18%).
At each level, a corresponding percentage of the trade is exited:
- TP Percent 1: E.g., 30% of the position.
- TP Percent 2: E.g., 20% of the position.
- TP Percent 3: E.g., 15% of the position.
This approach ensures that profits are locked in progressively, reducing the risk of market reversals wiping out potential gains.
Local
🔶 Trade Entry and Exit Conditions
The entry and exit signals are determined by the interaction between the **SuperTrend Polyfactor Oscillator** and the **median** value of the normalized deviations:
- Long entry: The SuperTrend turns bearish, and the median value of the deviations is positive.
- Short entry: The SuperTrend turns bullish, and the median value is negative.
Similarly, trades are exited when the SuperTrend flips direction.
* The SuperTrend Toolkit is made by @EliCobra
█ Trade Direction
The strategy allows users to specify the desired trade direction:
- Long: Only long positions will be taken.
- Short: Only short positions will be taken.
- Both: Both long and short positions are allowed based on the conditions.
This flexibility allows the strategy to adapt to different market conditions and trading styles, whether you're looking to buy low and sell high, or sell high and buy low.
█ Usage
This strategy can be applied across various asset classes, including stocks, cryptocurrencies, and forex. The primary use case is to take advantage of market volatility by using a flexible moving average and multiple take-profit levels to capture profits incrementally as the market moves in your favor.
How to Use:
1. Configure the Inputs: Start by adjusting the **Indicator Length**, **Starting Factor**, and **Increment Factor** to suit your chosen asset. The defaults work well for most markets, but fine-tuning them can improve performance.
2. Set the Take Profit Levels: Adjust the three **TP levels** and their corresponding **percentages** based on your risk tolerance and the expected volatility of the market.
3. Monitor the Strategy: The SuperTrend and the FlexiMA variance tracker will provide entry and exit signals, automatically managing the positions and taking profits at the pre-set levels.
█ Default Settings
The default settings for the strategy are configured to provide a balanced approach that works across different market conditions:
Indicator Length (10):
This controls the base length for the moving average. A lower length makes the moving average more responsive to price changes, while a higher length smooths out fluctuations, making the strategy less sensitive to short-term price movements.
Starting Factor (1.0):
This determines the initial multiplier applied to the moving average length. A higher starting factor will increase the average length, making it slower to react to price changes.
Increment Factor (1.0):
This increases the moving average length in each iteration. A larger increment factor creates a wider range of moving average lengths, allowing the strategy to track both short-term and long-term trends simultaneously.
Normalization Method ('None'):
Three methods of normalization can be applied to the deviations:
- None: No normalization applied, using raw deviations.
- Max-Min: Normalizes based on the range between the maximum and minimum deviations.
- Absolute Sum: Normalizes based on the total sum of absolute deviations.
Take Profit Levels:
- TP1 (2%): A quick exit to capture small price movements.
- TP2 (8%): A medium-term profit target for stronger trends.
- TP3 (18%): A long-term target for strong price moves.
Take Profit Percentages:
- TP Percent 1 (30%): Exits 30% of the position at TP1.
- TP Percent 2 (20%): Exits 20% of the position at TP2.
- TP Percent 3 (15%): Exits 15% of the position at TP3.
Effect of Variables on Performance:
- Short Indicator Lengths: More responsive to price changes but prone to false signals.
- Higher Starting Factor: Slows down the response, useful for longer-term trend following.
- Higher Increment Factor: Widens the variability in moving average lengths, making the strategy adapt to both short-term and long-term price trends.
- Aggressive Take Profit Levels: Allows for quick profit-taking in volatile markets but may exit positions prematurely in strong trends.
The default configuration offers a moderate balance between short-term responsiveness and long-term trend capturing, suitable for most traders. However, users can adjust these variables to optimize performance based on market conditions and personal preferences.
Heikin Ashi RSI + OTT [Erebor]Relative Strength Index (RSI)
The Relative Strength Index (RSI) is a popular momentum oscillator used in technical analysis to measure the speed and change of price movements. Developed by J. Welles Wilder, the RSI is calculated using the average gains and losses over a specified period, typically 14 days. Here's how it works:
Description and Calculation:
1. Average Gain and Average Loss Calculation:
- Calculate the average gain and average loss over the chosen period (e.g., 14 days).
- The average gain is the sum of gains divided by the period, and the average loss is the sum of losses divided by the period.
2. Relative Strength (RS) Calculation:
- The relative strength is the ratio of average gain to average loss.
The RSI oscillates between 0 and 100. Traditionally, an RSI above 70 indicates overbought conditions, suggesting a potential sell signal, while an RSI below 30 suggests oversold conditions, indicating a potential buy signal.
Pros of RSI:
- Identifying Overbought and Oversold Conditions: RSI helps traders identify potential reversal points in the market due to overbought or oversold conditions.
- Confirmation Tool: RSI can be used in conjunction with other technical indicators or chart patterns to confirm signals, enhancing the reliability of trading decisions.
- Versatility: RSI can be applied to various timeframes, from intraday to long-term charts, making it adaptable to different trading styles.
Cons of RSI:
- Whipsaws: In ranging markets, RSI can generate false signals, leading to whipsaws (rapid price movements followed by a reversal).
- Not Always Accurate: RSI may give false signals, especially in strongly trending markets where overbought or oversold conditions persist for extended periods.
- Subjectivity: Interpretation of RSI levels (e.g., 70 for overbought, 30 for oversold) is somewhat subjective and can vary depending on market conditions and individual preferences.
Checking RSIs in Different Periods:
Traders often use multiple timeframes to analyze RSI for a more comprehensive view:
- Fast RSI (e.g., 8-period): Provides more sensitive signals, suitable for short-term trading and quick decision-making.
- Slow RSI (e.g., 32-period): Offers a smoother representation of price movements, useful for identifying longer-term trends and reducing noise.
By comparing RSI readings across different periods, traders can gain insights into the momentum and strength of price movements over various timeframes, helping them make more informed trading decisions. Additionally, divergence between fast and slow RSI readings may signal potential trend reversals or continuation patterns.
Heikin Ashi Candles
Let's consider a modification to the traditional “Heikin Ashi Candles” where we introduce a new parameter: the period of calculation. The traditional HA candles are derived from the open 01, high 00 low 00, and close 00 prices of the underlying asset.
Now, let's introduce a new parameter, period, which will determine how many periods are considered in the calculation of the HA candles. This period parameter will affect the smoothing and responsiveness of the resulting candles.
In this modification, instead of considering just the current period, we're averaging or aggregating the prices over a specified number of periods . This will result in candles that reflect a longer-term trend or sentiment, depending on the chosen period value.
For example, if period is set to 1, it would essentially be the same as traditional Heikin Ashi candles. However, if period is set to a higher value, say 5, each candle will represent the average price movement over the last 5 periods, providing a smoother representation of the trend but potentially with delayed signals compared to lower period values.
Traders can adjust the period parameter based on their trading style, the timeframe they're analyzing, and the level of smoothing or responsiveness they prefer in their candlestick patterns.
Optimized Trend Tracker
The "Optimized Trend Tracker" is a proprietary trading indicator developed by TradingView user ANIL ÖZEKŞİ. It is designed to identify and track trends in financial markets efficiently. The indicator attempts to smooth out price fluctuations and provide clear signals for trend direction.
The Optimized Trend Tracker uses a combination of moving averages and adaptive filters to detect trends. It aims to reduce lag and noise typically associated with traditional moving averages, thereby providing more timely and accurate signals.
Some of the key features and applications of the OTT include:
• Trend Identification: The indicator helps traders identify the direction of the prevailing trend in a market. It distinguishes between uptrends, downtrends, and sideways consolidations.
• Entry and Exit Signals: The OTT generates buy and sell signals based on crossovers and direction changes of the trend. Traders can use these signals to time their entries and exits in the market.
• Trend Strength: It also provides insights into the strength of the trend by analyzing the slope and momentum of price movements. This information can help traders assess the conviction behind the trend and adjust their trading strategies accordingly.
• Filter Noise: By employing adaptive filters, the indicator aims to filter out market noise and false signals, thereby enhancing the reliability of trend identification.
• Customization: Traders can customize the parameters of the OTT to suit their specific trading preferences and market conditions. This flexibility allows for adaptation to different timeframes and asset classes.
Overall, the OTT can be a valuable tool for traders seeking to capitalize on trending market conditions while minimizing false signals and noise. However, like any trading indicator, it is essential to combine its signals with other forms of analysis and risk management strategies for optimal results. Additionally, traders should thoroughly back-test the indicator and practice using it in a demo environment before applying it to live trading.
The following types of moving average have been included: "SMA", "EMA", "SMMA (RMA)", "WMA", "VWMA", "HMA", "KAMA", "LSMA", "TRAMA", "VAR", "DEMA", "ZLEMA", "TSF", "WWMA". Thanks to the authors.
Thank you for your indicator “Optimized Trend Tracker”. © kivancozbilgic
Thank you for your programming language, indicators and strategies. © TradingView
Kind regards.
© Erebor_GIT
Heikin Ashi TSI and OTT [Erebor]TSI (True Strength Index)
The TSI (True Strength Index) is a momentum-based trading indicator used to identify trend direction, overbought/oversold conditions, and potential trend reversals in financial markets. It was developed by William Blau and first introduced in 1991.
Here's how the TSI indicator is calculated:
• Double Smoothed Momentum (DM): This is calculated by applying double smoothing to the price momentum. First, the single smoothed momentum is calculated by subtracting the smoothed closing price from the current closing price. Then, this single smoothed momentum is smoothed again using an additional smoothing period.
• Absolute Smoothed Momentum (ASM): This is calculated by applying smoothing to the absolute value of the price momentum. Similar to DM, ASM applies a smoothing period to the absolute value of the difference between the current closing price and the smoothed closing price.
• TSI Calculation: The TSI is calculated as the ratio of DM to ASM, multiplied by 100 to express it as a percentage. Mathematically, TSI = (DM / ASM) * 100.
The TSI indicator oscillates around a centerline (typically at zero), with positive values indicating bullish momentum and negative values indicating bearish momentum. Traders often look for crossovers of the TSI above or below the centerline to identify shifts in momentum and potential trend reversals. Additionally, divergences between price and the TSI can signal weakening trends and potential reversal points.
Pros of the TSI indicator:
• Smoothed Momentum: The TSI uses double smoothing techniques, which helps to reduce noise and generate smoother signals compared to other momentum indicators.
• Versatility: The TSI can be applied to various financial instruments and timeframes, making it suitable for both short-term and long-term trading strategies.
• Trend Identification: The TSI is effective in identifying the direction and strength of market trends, helping traders to align their positions with the prevailing market sentiment.
Cons of the TSI indicator:
• Lagging Indicator: Like many momentum indicators, the TSI is a lagging indicator, meaning it may not provide timely signals for entering or exiting trades during rapidly changing market conditions.
• False Signals: Despite its smoothing techniques, the TSI can still produce false signals, especially during periods of low volatility or ranging markets.
• Subjectivity: Interpretation of the TSI signals may vary among traders, leading to subjective analysis and potential inconsistencies in trading decisions.
Overall, the TSI indicator can be a valuable tool for traders when used in conjunction with other technical analysis tools and risk management strategies. It can help traders identify potential trading opportunities and confirm trends, but it's essential to consider its limitations and incorporate additional analysis for more robust trading decisions.
Heikin Ashi Candles
Let's consider a modification to the traditional “Heikin Ashi Candles” where we introduce a new parameter: the period of calculation. The traditional HA candles are derived from the open , high low , and close prices of the underlying asset.
Now, let's introduce a new parameter, period, which will determine how many periods are considered in the calculation of the HA candles. This period parameter will affect the smoothing and responsiveness of the resulting candles.
In this modification, instead of considering just the current period, we're averaging or aggregating the prices over a specified number of periods . This will result in candles that reflect a longer-term trend or sentiment, depending on the chosen period value.
For example, if period is set to 1, it would essentially be the same as traditional Heikin Ashi candles. However, if period is set to a higher value, say 5, each candle will represent the average price movement over the last 5 periods, providing a smoother representation of the trend but potentially with delayed signals compared to lower period values.
Traders can adjust the period parameter based on their trading style, the timeframe they're analyzing, and the level of smoothing or responsiveness they prefer in their candlestick patterns.
Optimized Trend Tracker
The "Optimized Trend Tracker" is a proprietary trading indicator developed by TradingView user ANIL ÖZEKŞİ. It is designed to identify and track trends in financial markets efficiently. The indicator attempts to smooth out price fluctuations and provide clear signals for trend direction.
The Optimized Trend Tracker uses a combination of moving averages and adaptive filters to detect trends. It aims to reduce lag and noise typically associated with traditional moving averages, thereby providing more timely and accurate signals.
Some of the key features and applications of the OTT include:
• Trend Identification: The indicator helps traders identify the direction of the prevailing trend in a market. It distinguishes between uptrends, downtrends, and sideways consolidations.
• Entry and Exit Signals: The OTT generates buy and sell signals based on crossovers and direction changes of the trend. Traders can use these signals to time their entries and exits in the market.
• Trend Strength: It also provides insights into the strength of the trend by analyzing the slope and momentum of price movements. This information can help traders assess the conviction behind the trend and adjust their trading strategies accordingly.
• Filter Noise: By employing adaptive filters, the indicator aims to filter out market noise and false signals, thereby enhancing the reliability of trend identification.
• Customization: Traders can customize the parameters of the OTT to suit their specific trading preferences and market conditions. This flexibility allows for adaptation to different timeframes and asset classes.
Overall, the OTT can be a valuable tool for traders seeking to capitalize on trending market conditions while minimizing false signals and noise. However, like any trading indicator, it is essential to combine its signals with other forms of analysis and risk management strategies for optimal results. Additionally, traders should thoroughly back-test the indicator and practice using it in a demo environment before applying it to live trading.
The following types of moving average have been included: "SMA", "EMA", "SMMA (RMA)", "WMA", "VWMA", "HMA", "KAMA", "LSMA", "TRAMA", "VAR", "DEMA", "ZLEMA", "TSF", "WWMA". Thanks to the authors.
Thank you for your indicator “Optimized Trend Tracker”. © kivancozbilgic
Thank you for your programming language, indicators and strategies. © TradingView
Kind regards.
© Erebor_GIT
lib_mathLibrary "lib_math"
a collection of functions calculating without history operator to avoid max_bars_back errors
mean(value, reset)
Parameters:
value (float) : series to track
reset (bool) : flag to reset tracking
@return returns average/mean of value since last reset
vwap(value, reset)
Parameters:
value (float) : series to track
reset (bool) : flag to reset tracking
@return returns vwap of value and volume since last reset
variance(value, reset)
Parameters:
value (float) : series to track
reset (bool) : flag to reset tracking
@return returns variance of value since last reset
trend(value, reset)
Parameters:
value (float) : series to track
reset (bool) : flag to reset tracking
@return where slope is the trend direction, correlation is a measurement for how well the values fit to the trendline (positive means ), stddev is how far the values deviate from the trend, x1 would be the time where reset is true and x2 would be the current time
Z Algo (Expo)█ Overview
Z Algo (Expo) is a sophisticated and user-friendly trading tool designed to meet the needs of both novice and seasoned traders. With its real-time signals, trend analysis, and risk management capabilities, this tool can be a valuable addition to any trader's toolkit.
█ Main Features & How to Use
Buy/Sell signals: Z Algo provides real-time buy and sell signals, which assist traders in identifying the most opportune moments to enter or exit a trade.
Strong Buy/Sell signals: In addition to regular buy and sell signals, the tool also offers strong buy and sell signals. These are generated when the market conditions align with a higher probability of a significant price movement.
Sniper Signals: This feature is specifically designed for contrarian traders who look to exploit temporary market inefficiencies or take advantage of price reversals. When enabled, Sniper Signals identify potential market turning points, offering traders the opportunity to profit from sharp price fluctuations.
Reversal Cloud: The Reversal Cloud is a unique visual representation of the market's potential trend reversals. It offers traders an easy-to-understand display of changing market dynamics, enabling them to quickly identify potential entry and exit points based on trend reversals.
Support and Resistance (S/R) Levels: Z Algo automatically calculates and displays support and resistance levels on the chart. These are crucial price points where buying or selling pressure may change, providing valuable insights for traders looking to enter or exit positions based on these levels.
Trend Tracker: This feature helps traders monitor and analyze the prevailing market trend. Trend Tracker identifies and highlights the direction of the trend, allowing traders to align their strategies accordingly and increase their chances of success.
Trend Background Color: To improve the user experience and simplify the interpretation of market data, Z Algo changes the chart's background color based on the identified trend direction. This visual cue makes it easier for traders to recognize bullish or bearish trends at a glance.
Bar Coloring: In addition to the trend background color, Z Algo also provides bar coloring for both contrarian and trend bars. This feature helps traders visualize price movements and trends more effectively, enabling them to identify potential opportunities for both trend-following and contrarian trading strategies.
Risk Management: The tool incorporates risk management features that help traders to protect their capital and maximize potential returns. Users can set stop-loss and take-profit levels, as well as customize their risk exposure according to their individual preferences and trading style.
█ Calculations
█ What are the Buy/Sell signals based on?
The Buy/Sell signals use volatility and price range with a weighting function that can help reduce lag and respond faster to recent price changes. The function gives more weight to the most recent volatility values and absolute price changes, making the algorithm more responsive to changes in volatility and price moves. Using a model that factors in both price changes and volatility gives a bias toward more recent data. This advanced approach to trading signal generation incorporates the concepts of trend following and mean reversion while accounting for changing market volatility.
Traditional systems often use fixed parameters, which may not adapt quickly to changes in market conditions. This can lead to late entries or exits, potentially reducing profitability or increasing risk. Our algorithm uses a weighting function to give more importance to recent volatility values, and absolute price changes can make these signals more responsive. This is especially useful in dynamic markets where price swings and volatility can change rapidly.
Adapting to Recent Price Changes: Markets can often exhibit trending behavior over certain periods. By weighing recent price changes more heavily, the model can quickly identify and react to the emergence of new trends. This can lead to earlier entries in a new trend, potentially increasing profitability.
Adapting to Recent Volatility Changes: Markets can shift from low to high volatility regimes (and vice versa) quite rapidly. A model that gives more weight to recent volatility can adapt its signals to these changing conditions. For example, in high volatility conditions, the model might generate fewer signals to reduce the risk of false breakouts. Conversely, in low volatility conditions, the model might generate more signals to capitalize on trending behavior.
Adaptive Trading: The approach inherently leads to an adaptive trading system. Rather than using fixed parameters, the system can adjust its behavior based on recent market activity. This can lead to a more robust system that performs well across different market conditions.
█ What are the Sniper signals (contrarian signals) based on?
Our contrarian signals are based on deviation from the expected value. The algorithm quantifies the amount of variation or dispersion in a set of values. Non-expected values are the fundamental core of the signal generation process.
█ Reversal Cloud Calculation
The cloud uses the information of how much the price fluctuates over a specific time period and updates its equilibrium value automatically at new price changes. The price changes are used to predict what will happen next, and the band adapts accordingly. The algorithm assumes that past price changes can predict future market behavior.
█ Support and Resistance (S/R) Levels Calculation
The support and resistance levels use historical overbought and oversold levels combined with a weighted atr function to predict future support and resistance areas. This calculation can potentially give traders a great heads-up on where the price may find support and resistance at.
█ Trend & Bar coloring Calculation
Trend calculations with dynamic events are key in ever-changing markets. The main idea of the calculation method is to find the mathematical function that best fits the data points, by minimizing the sum of the squares of the vertical distances of each data point from the equilibrium. The outcome is a function that finds the best mathematical description of that data. Hence the trend output may vary depending on the asset and timeframe. A unique approach where the same settings can give different results.
█ Risk Management Calculation
The risk management system is not unique in itself and contains everything that can help traders to manage their risk, such as different types of stop losses, Take Profits calculations.
-----------------
Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
FlashTrade 20 Asset ScreenerThe FlashTrade 20 Asset Screener is a powerful screening tool written in Pinescript and designed for use in Tradingview. It simultaneously monitors a combination of seven (7) lagging and three (3) leading indicators for twenty (20) assets, such as; stocks, cryptocurrencies, or forex pairs.
The screener sends summarized numeric data as an alert to external programs that specialize in automated trading. This proprietary technology developed by the algorithmic trading firm known as FlashTrade.AI is now integrated with the rules-based trading platform TradeLab.AI.
The lagging indicators tracked by the screener are as follows:
1. The 8 Period Exponential Moving Average (8EMA): It determines whether it is over or under the 21 Period Exponential Moving Average (21EMA).
2. Two Closes of the 8 Period Exponential Average (8EMA): This confirms a trend as either bullish or bearish when it occurs over or under the 21 Period Exponential Moving Average (21EMA).
3. Ichimoku Cloud: This indicator identifies whether the price is above or below the cloud, indicating bullish or bearish trends.
4. Ichimoku Cloud: Conversion Line Above Base or Conversion Line Below Base: This measures the trend strength based on the distance between the conversion line and the base line.
5. Ichimoku Cloud: Lag Line Above Price or Lag Line Below Price: This tracks the lag line's position relative to the current price to confirm trend direction.
6. Ichimoku Cloud: Leading Cloud Green or Leading Cloud Red: This identifies the trend based on the color of the leading cloud.
7. MACD: This oscillator tracks the difference between two exponential moving averages and helps identify bullish or bearish momentum in the market.
The screener also tracks three leading indicators that primarily measure trading volume and momentum. These leading indicators are:
1. The Relative Strength Index (RSI): This oscillator measures the speed and change of price movements to identify overbought or oversold conditions in the market.
2. The Stochastic: This oscillator measures the momentum of price movements and helps identify potential trend reversals in the market.
3. The relative Vigor Index (RVGI): This indicator measures the strength of price movements by comparing the closing price to the trading range and helps identify trend reversals.
Overall, the FlashTrade 20 Asset Screener is a powerful tool for traders looking to automate their trading strategies. By monitoring multiple indicators for multiple assets simultaneously, it can identify trends and capitalize on opportunities when they present themselves.
Portfolio_Tracking_TRThis is a portfolio tracker that will track individual, overall and daily profit/loss for up. You can set the size of your buys and price of your buys for accurate, up to date profit and loss data right on your chart. It works on all markets and timeframes.
Next we get into setting up your , order size and price. Each ticker lets you set which stock you bought, then set how much you purchased and then what price you purchased them at.
FEATURES
Top Section
The portfolio tracker has 2 sections. The top section shows each ticker in your portfolio individually with the following data:
- Ticker Name
- Weight of that asset compared to your total portfolio in %
- Current value of that position in TL
- Profit or loss value from purchase price in %
- Todays change in value from yesterday’s close in %
Bottom Section
The bottom section of the tracker will give you info for your portfolio as a whole. It has the following data:
- Total cost of your entire portfolio in TL
- Current value of your entire portfolio in TL
- Current profit or loss of your entire portfolio in TL
- Current profit or loss of your entire portfolio in %
- Todays change of your entire portfolio value compared to yesterday’s close in %
This indicator was compiled from FriendOfTheTrend's indicator named Portfolio Tracker For Stocks & Crypto.
Prophit Ninja: Hidden ScrollStay ahead of the markets moves with "Prophit Ninja: Hidden Scroll".
Our legendary senseis have mastered the arts of wielding the Katana and Shuriken over many decades of focused practice and distilled their systems and techniques down to their most vital form- storing their knowledge in this ancient scroll for easy adoption by any ninja practiced enough to be able to decipher it.
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█ INTERPRETATION
Each sub-indicator in this package can be used as a confirmation tool to check your bias and give you a more informed decision as they all take into account every reading shown and not shown being calculated across all Prophit Ninja packages. A sentiment rating below the candle shows bullish bias while a green color emphasizes bullish strength- a sentiment rating above the candle shows bearish bias while a red color emphasizes bearish strength- gold color signifies a strong turn in the market while grey/dark grey is a weak reading. A green trend sensei reading is bullish- while a red trend sensei reading is bearish. A green bull trade sensei label signifies a possible bullish trade set up, while a red bear label trade sensei signifies a possible bearish trade set up. Stat sensei gives you tick by tick multi-time frame readings to always keep you aware of the exact environment you're in. Lastly risk sensei will give you the most optimal least risk trade set-up based on user defined variables and give you tick by tick readings of your trade status. This can be used as a standalone decision-maker, or used in confluence with other indicator packages in our Prophit Ninja bundle to get higher precision.
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█ OVERVIEW
1 — Sentiment Sensei: A toggle-able tick by tick rating system (0-100%) for each candle based on over 100 individual readings .
2 — Trend Sensei: A toggle-able background coloring that easily shows you the trend bias behind the moves.
3 — Trade Sensei: A toggle-able trade finder that finds confluent trade set-ups to give you the upper hand.
4 — Stat Sensei: A toggle-able multi-time frame candle progress tracker with a built in trend bias and price/volume/momentum change/ratio trackers.
5 — Risk Sensei: A toggle-able risk manager with two variations of auto profit target zones , three variations of trailing stop losses , a win/loss tracker , trade duration timer and all the information you need to stay updated with the status of your trade at a glance whether long or short.
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█ EASY CUSTOMIZATION
i.imgur.com
With a fully customizable and easy-to-use input menu , this indicator gives you the ability to tailor your trading experience to your needs and see as much (or as little) information as you want to; presented in the manner you deem most viable with the following options in just a few clicks:
Indicator Package- This option allows you to switch between the four display modes available so in any moment you can completely change the metrics you’re reading in just two clicks. This allows you the ability to make decisions based on not only what you’re comfortable with; but also to find confirmation or disagreement with other systems instantly.
Color Theme- There are four color themes available which include original, colorful, monochrome and solid. These not only allow you a quick and easy way to change the colors to suit your style; they also make it so you can challenge your bias in an instant by viewing the data in a completely different way.
Dual Attack Modes- Whether you’re a scalper, day trader, swing trader, or investor; this option allows you to see the chart based on four different risk tolerance/time expectancy mentalities for the Katana and Shuriken separately in just two clicks. Investors can see what the scalpers are thinking and vice/versa to broaden their decision making and/or hone in when optimal.
Dual Sharpness Levels- This algorithm allows the user to display the data on five different smoothness levels for the Katana and Shuriken separately without suffering the inherent lag that accompanies most other indicators. Whether you like to see every tick of a choppy movement, or filter out the false signals into smooth readings, you can do so at any moment.
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█ RISK SENSEI EXAMPLE
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█ PRE-BUILT ALERTS
With Prophit Ninja: Hidden Scroll's built-in alerts you can enable alerts for any piece of the Hidden Scrollin just a few clicks. These alerts are way more specific and optimized than you can possibly achieve with the custom alert settings. Each checking for multiple possible activation triggers instead of one and populating the message field automatically so you can just click create.
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As you can see; this ancient scroll has the ability to adapt to any reader or adversary and give those in control of its power the upper hand. Any mode of battle, any opponent, any circumstance- 'Prophit Ninja: Hidden Scroll' was polished by our finest artists to inform any reader and make sure they know when to attack, defend or simply allow the fight to play out by its easy-to-read coloring system. As long as you learn the techniques you'll have a much better chance of making the right decision than when you didn't.
This state-of-the-art tool is great for experienced traders, those who just started learning to trade, or anyone in between- truly made to suit the needs of any trader, in any moment, with any mindset (along with the other indicators in our Prophit Ninja bundle) you'll notice an immediate improvement in your market dexterity after learning it.
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*everything displayed is part of the Prophit Ninja indicator bundle; this is an otherwise blank chart*
[blackcat] L5 Whale Jump Screener 12 AlertsLinkage Authorization:
When you obtain any one of the following technical indicators authorization, the other one will automatically obtain a free authorization for the same length of time:
1. L5 Whale Jump Screener 25 NoAlerts
2. L5 Whale Jump Screener 12 Alerts
Discount Authorization:
While you are authorized for any of the following technical indicators, this indicator will only need to pay 200TVC (not per month) but you obtain the authorization length as long as your longest one among all invited-only indicators .
1. L5 Whales Jump Out of Ocean X
2. L5 Zen Master
Level: 5
Background:
L5 Whale Jump Screener 12 Alerts is a screeener which is based on principle of L5 Whales Jump Out of Ocean X, but it has its own scheme to work as a screener with alerts, which can track 12 trading pairs at the same time. With this indicator, you can track target in your list with remote alerts from TV to your mobile or emails.
At beginning, I want to incorporate this function to "L5 Whale Jump Screener 25 NoAlerts". However, I found it rather difficult to make it happen. One reason is that adding alerts will further increase computing power of it so that TV will not be functional for overloaded indicators. The only way to make a screen plus alerts happen is to reduce the number of targets allowed in the screener until TV rules are in compliance. The other reason is that I found alerts were conflicting with screener function in TV system during my testing. Because if you put many trading pairs that are highly correlated into inputs of the screener indicator. Huge amount of alerts may be produced at the same time, and TV system has its own protection scheme. If too many alerts happened at the same time, it will block and stop the alert scheme immediately. Therefore, I build this one for anyone who need alert function. But, remember, make input tikerids as NOT correlated as possible to prevent TV to shut down your alert for this indicator.
Function:
By tracking multiple targets with alerts, you will own the capability to tracking multiple markets. This ability will let you know the specific situation of the unconnected market and the trading targets in time in the rotating transaction. The alert function will remind you of the current status of multiple markets via mobile phones and emails.
Inputs:
12 tickerids for your customization
Key Signal:
Long Whales / Banker Pump--> fuchsia color area with 0% transparency
Close Long Whales / Close Banker Pump--> red color area with 0% transparency
Short Whales / Banker Dump --> yellow color area with 0% transparency
Close Short Whales / Close Banker Dump --> green color area with 0% transparency
Long Waves Start--> fuchsia color area with 50% transparency
Short Waves Start --> yellow color area with 50% transparency
No Whale or Wave Signal --> gray color rea with 50% transparency
Pros and Cons:
ONLY suitable for discretionary trading, and does NOT support automatic trading system/bots with alerts.
Intuitive and effective, the output signal is more reliable after multi-indicator resonance
For who does not alert function but track more targets, you can choose anther indicator: L5 Whale Jump Screener 25 NoAlerts.
Why 12 Targets are Supported?
From the principle of TV principle, it should be possible to track up to 40 targets at the same time. However, TV has another condition that restricts server computing resources. When the two condition work at the same time, for the whale jump algorithm, the number of targets it can track at the same time will drop from 40 to about 26~27! In addition, this indicator needs to support the display function from the daily time frame to the 1min time frame. Therefore, the requirements for computing resources have further deteriorated. In the end, the maximum tracking number I obtained by compromise is 25 to ensure that this indicator can support 1min or second level normal display without report an error. Based on above fact, adding alerts will further increase computing power needed for this indicator. To prevent TV shutdown this indicator w/ alerts, only 12 tickerids are supported based on this algorithm. Also, due to quite different user scenarios between these two screeners, two versions are published for different group of traders with a linkage authorization schmeme.
Remarks:
My fourth L5 indicator published
Closed-source
Invite-only
Redeem Fee Life Lock Guarantee
Although I take the efforts to inform the script requesters that the best way to promote trading skills is to learn from the open source scripts I released by themself and to improve their PNIE script programming skills, there are still many people asking how to obtain or pay to use BLACKCAT L4/L5 private scripts. In fact, I do not encourage people to use Tradingview Coins ( TVC ) / Cryptocurrency to redeem the right to use BLACKCAT L4/L5 scripts. However, redeeming private script usage rights through TV Coins/ Cryptocurrency may be an effective way to force more people to learn PINE script programming seriously. And then I can concentrate on answering more valuable community questions instead of being overwhelmed by L4/L5 scripting permission reqeusts.
I would like to announce a ‘Redeem Fee Lock Guarantee’ program to further simplify the L4/L5 indicator/strategy utility offering and distinguish itself from the competition. ‘Redeem Fee lock guarantee’ is one of the major initiatives by BLACKCAT as a part of overall value packaging designed to guard BLACKCAT’s followers’ against cost-overruns and operational risks usually borne by them when it comes to PINE script innovation ecosystem. The TVCs redeemed for L4/L5 a follower signs up for with BLACKCAT is their guaranteed lifetime locked in TVC Quantity/ cryptocurrency, with no special conditions, exclusions and fine print whatsoever. Based on this scheme, I can constantly refine, expand, upgrade and improve PINE script publishing to ensure the very best experiences for my followers. The 'Redeem Fee Lock Guarantee' is a step in the direction of rewarding the valuable followers. NOTE: Every L4/L5 script redeeming service is ONLY limited to TVC or Cryptocurrency ("Win$ & Donate w/ This" Addresses displayed on script page) redeeming which the 1st signed up TVC Qty/ equivalent cryptocurrency is the lifetime offered TVC Qty/ equivalent crypto.
How to subscrible this indicator?
The script subscription period only has two options of one month or one year, and its price is floating. The latest price of the script subscription is proportional to the number of likes/agrees this script has already received. Therefore, the price of subscribing to this script shows an increasing trend, and the earliest subscribers can enjoy the price of lifetime lock to this script. As the number of likes / agrees of this script increases, the subscription fee for one month and one year will also increase linearly. Whatever, the first subscription price of the use will be locked for life.
Monthly subscription and annual subscription can be done either by tradingview coins ( TVC ) or by converting into equivalent cryptocurrency at the exchange rate (1TVC=0.01USD) for redeem.
TVC payment needs to pay TVC directly in the comments under this script. Every time I authorize a new user, I will update the latest number of subscribed users and latest price for next subscription under the script comment. If there are any conflicting scenario happened to the rules and my update. My updated price based on the rule will be the final price for next subscription. The following subscribers need to pay the corresponding amount of TVC or cryptocurrency in accordance with the latest number of users and price announced by me in accordance with the rules published.
TVC redemption is the method I strongly recommend, and I hope you can complete the redemption in the comment area of this script. This is like a blockchain structure, each comment is a block, each subscription is a chain, which is conducive to open and transparent publicity and traceability to avoid unnecessary disputes.
Monthly Subscription Charges
500TVC <50 Agrees (A)
50A<850TVC<100A
100A<1000TVC<150A
150A<1350TVC<200A
200A<1500TVC<250A
250A<1850TVC<300A
300A<2000TVC<350A
350A<2350TVC<400A
400A<2500TVC<450A
450A<2850TVC<500A
500A<3000TVC<550A
550A<3350TVC<600A
600A<3500TVC<650A
650A<3850TVC<700A
700A<4000TVC<750A
750A<4350TVC<800A
800A<4500TVC<850A
850A<4850TVC<900A
900A<5000TVC<950A
950A<5350TVC<1000A
1000A<5500TVC<1050A
And so on...
Annual Subscription Charges
5000TVC <50 Agrees (A)
50A<8500TVC<100A
100A<10000TVC<150A
150A<13500TVC<200A
200A<15000TVC<250A
250A<18500TVC<300A
300A<20000TVC<300A
350A<23500TVC<400A
400A<25000TVC<450A
500A<28500TVC<550A
500A<30000TVC<550A
550A<33500TVC<600A
600A<35000TVC<650A
650A<38500TVC<700A
700A<40000TVC<750A
750A<43500TVC<800A
800A<45000TVC<850A
850A<48500TVC<900A
900A<50000TVC<950A
950A<53500TVC<1000A
1000A<55000TVC<1050A
And so on...
Signalgo BBSignalgo BB: Technical Overview
Signalgo BB is a Bollinger Bands (BB) indicator for TradingView, designed to provide a multi-dimensional view of volatility, trend, and trading opportunities within a single overlay. Below is a detailed, impartial explanation of its workings, inputs, and trading logic.
Core Mechanics
Signalgo BB operates on the principle of nested volatility bands and moving averages. It calculates:
Fast & Slow Bands: Two sets of Bollinger Bands (BB), using different moving average types (EMA or SMA), lengths, and standard deviation multipliers.
Volatility Cloud: A dynamic visual layer indicating when price is inside both, one, or neither band.
Filtering: A short-term RSI is used to confirm trend direction and filter out weak signals.
Inputs & Components
MA Type: Choice between EMA, SMA for both fast and slow MA calculations.
Fast/Slow Lengths
Fast/Slow Deviations
RSI Length/Thresholds
Show Cloud: Toggle for the visual volatility cloud.
Signal Mode: Band Break.
Prevent Repeated Signals: Option to suppress duplicate signals in the same direction.
TP/SL & Trailing Logic: Advanced, automated trade management with ATR-based distances, three take-profit levels, and a dynamic trailing stop.
Signal Generation
Band Break: Triggers when price crosses the fast BB band.
RSI Filter: All signals require RSI confirmation.
Prevent Repeated Signals: Optionally only marks the first breakout in a series to reduce overtrading.
Entry/Exit Marks: Labels are plotted for visual clarity, and signals can trigger TradingView alerts.
Trade Management
Stop Loss (SL): Set at a multiple of ATR from the entry price, adapting to current volatility.
Take Profits (TP1, TP2, TP3): Three levels scaled by risk-reward ratios, supporting partial exits.
Trailing Stop: After the first TP is hit, SL moves to breakeven and then trails at a user-defined multiple of ATR, locking in further gains.
Event Markers: Each TP, SL, and trailing stop event is labeled on the chart.
Direction State: The indicator tracks active trades, allowing for only one open position per direction at a time.
Cloud Visualization: The background color changes depending on whether price is inside both, one, or no bands, making it easier to visualize market conditions.
Multiple Signal Logics: It doesn’t just look at breakouts, it includes cloud crossings, mean reversion, and a choice of how to combine them.
Rigorous Filtering: Signals require RSI trend confirmation, reducing false entries during weak phases.
Automated Trade Management: Built-in TP/SL and trailing logic, dynamically adapting to volatility.
Signal Suppression: Option to prevent repeated signals, reducing noise and overtrading.
Customizable MA Types: Supports EMA, SMA, and a selection algorithm for future expansion.
Trading Strategy Application
Volatility Regimes: The cloud’s color indicates whether price is inside, between, or outside the bands, helping traders identify trending, ranging, or breakout conditions.
Signals: entries can be based on breakouts filtered by RSI trend strength.
Risk Management: All active trades are managed by TP/SL logic, trailing stops after TP1, and visual feedback on exits.
Visual Alerts: Both signals and TP/SL events are marked on the chart for manual review.
Flexibility: Users can switch modes or suppress repeated signals as needed, depending on trading style.
Practical Usage
Intraday to Swing: Suitable for timeframes from minutes to days, depending on the MA periods and volatility profile.
Manual or Automated: The visual overlay and alerts support both manual trading and automated strategies.
Education & Review: The colored cloud and event markers make it easy to review past price action and learn from signals.
What separates this indicator from traditional ones:
1. Dual Bollinger Bands
Traditional: Most indicators use a single set of Bollinger Bands (two standard deviations above/below a moving average).
Signalgo BB: Implements two sets of bands—a "fast" set (shorter moving average, narrower deviation) and a "slow" set (longer moving average, wider deviation). This provides both immediate (fast) and broader context (slow) for volatility and price action.
2. Volatility Cloud Visualization
Traditional: Standard Bollinger Bands display as two lines, with the area between sometimes shaded as a "band" but without dynamic color changes.
Signalgo BB: The background is colored differently depending on whether price is within both, one, or neither band, offering a visual "cloud" that distinguishes trending, ranging, or breakout regimes at a glance.
3. RSI Filtering
Traditional: Many indicators either don’t filter signals, or if they do, it’s not always configurable.
Signalgo BB: Adds an optional RSI filter, requiring signals to be confirmed by short-term RSI overbought/oversold conditions. This reduces false signals in range-bound or low-trend environments.
4. Prevention of Repeated Signals
Traditional: Most indicators will keep firing signals as long as conditions are met, which can cause overtrading.
Signalgo BB: Offers a user-toggleable option to suppress repeated signals in the same direction until the opposite signal occurs. This reduces noise for discretionary traders.
5. Integrated Trade Management
Traditional: Manual or separate coding is required for stop-loss, take-profit, and trailing stop logic.
Signalgo BB: Builds in dynamic, ATR-based stop-loss; up to three take-profit levels and a trailing stop that activates after the first TP is hit. All levels are visually plotted on the chart, and events (TP/SL hits) are labeled, aiding strategy review and automation.
6. Event Labeling and Alerts
Traditional: Alerts may exist for entry/exit, but rarely for each TP/SL event.
Signalgo BB: Places labels for every entry, exit, and TP/SL event. It also provides TradingView alertconditions for each event, enabling automated notifications or integration with trading bots.
7. Directional State Tracking
Traditional: Indicators typically do not track the "state" of a trade (e.g., active long/short/flat) beyond simple signals.
Signalgo BB: Maintains persistent variables for entry price, SL, TP, trailing stop, and trade direction, ensuring only one active signal per direction. This prevents overlapping entries and mimics realistic trade management.
8. User Customization
Traditional: Default settings are often hardcoded, or customization is limited.
Signalgo BB: Offers extensive user inputs for MA type and TP/SL logic—making the tool adaptable to many strategies and timeframes.
aiTrendview.com Option Calculator📊 aiTrendview Option Calculator - Complete Feature Guide
🎯 Overview
The aiTrendview Option Calculator is a comprehensive, professional-grade options trading dashboard that integrates live market data with advanced Black-Scholes pricing models and intelligent strategy recommendations. It transforms complex options analysis into an intuitive, visual interface for both novice and professional traders.
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🎛️ Dashboard Settings & Customization
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📋 Option Inputs - The Foundation
Strike Price (105 in example)
• Function: The contract's exercise price
• Analysis Impact: Determines moneyness (ITM/OTM status)
• Risk Assessment: Affects delta, probability of profit, and breakeven calculations
• Strategy Selection: Critical for spread strategies and risk/reward optimization
Days to Expiry (30 in example)
• Function: Time until option expiration
• Analysis Impact: Drives time decay (theta) calculations
• Risk Assessment: More days = higher time value but slower decay
• Strategy Selection: Short-term strategies favor <30 days, long-term >45 days
Risk Free Rate (5% in example)
• Function: Current treasury rate for theoretical pricing
• Analysis Impact: Affects all Greeks calculations and fair value pricing
• Risk Assessment: Higher rates increase call values, decrease put values
• Strategy Selection: Impacts carry strategies and early exercise decisions
Implied Volatility (25% in example)
• Function: Market's expectation of future price movement
• Analysis Impact: Primary driver of option premium
• Risk Assessment: High IV = expensive options, low IV = cheap options
• Strategy Selection: Determines whether to buy or sell premium
Option Type (Call/Put)
• Function: Directional bias selection
• Analysis Impact: Reverses delta sign and profit zones
• Risk Assessment: Calls profit from upward moves, puts from downward moves
• Strategy Selection: Foundation for all directional and neutral strategies
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📊 Live Market Data Integration
Real-Time Price Feed
• Current Underlying Price: Live market price with percentage change
• Volume Analysis: Current volume vs. 20-day average (shows as multiplier like "1.5x")
• Price Momentum: Tracks intraday price movements
• Volatility Assessment: Uses VIX data or ATR-based calculations
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🔢 The Greeks - Risk Metrics
Delta (Price Sensitivity)
• Range: -1.00 to +1.00
• Call Delta: 0 to +1 (positive exposure)
• Put Delta: -1 to 0 (negative exposure)
• Trading Use: Hedge ratio, directional exposure measurement
• Progress Bar: Visual representation of sensitivity strength
Gamma (Delta Acceleration)
• Function: Rate of delta change
• Peak: Highest at-the-money
• Trading Use: Risk management for large moves
• Display: Multiplied by 1000 for readability
Theta (Time Decay)
• Function: Daily premium erosion
• Always Negative: For long positions
• Trading Use: Time-based strategy selection
• Critical: Accelerates in final 30 days
Vega (Volatility Sensitivity)
• Function: Premium change per 1% IV change
• Trading Use: Volatility play strategies
• Risk Management: IV crush protection
• Strategy Selection: Buy low IV, sell high IV
Rho (Interest Rate Sensitivity)
• Function: Premium change per 1% rate change
• Less Critical: For short-term options
• Important: For LEAPS and rate-sensitive underlyings
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📈 Market Analysis Section
Sentiment Analysis
• Bullish: PCR < 0.8 (more calls than puts)
• Bearish: PCR > 1.2 (more puts than calls)
• Neutral: PCR 0.8-1.2 (balanced activity)
• Calculation: Based on volume ratio and RSI momentum
Volume Analysis
• Current vs. Average: Spots unusual activity
• Ratio Display: Shows volume multiplier (e.g., "2.3x normal")
• Trading Signal: High volume confirms moves, low volume suggests consolidation
Risk Level Assessment
• Low: IV < 25% (cheap options)
• Medium: IV 25-40% (fairly valued)
• High: IV > 40% (expensive options)
• Color Coded: Green/Yellow/Red for quick identification
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⚡ Strategy Recommendation Engine
Intelligent Analysis
The calculator analyzes 6 core strategies based on current market conditions:
1. Long Call: Best for bullish sentiment + low IV
2. Short Put: Best for bullish sentiment + high IV
3. Long Put: Best for bearish sentiment + low IV
4. Bull Call Spread: Best for moderate bullish moves
5. Long Straddle: Best for high volatility expected + low IV
6. Iron Butterfly: Best for neutral sentiment + high IV + low expected move
Scoring System
• Confidence Score: 0-100% based on market conditions
• Color Coding: Green (80%+), Yellow (60-80%), Red (<60%)
• Dynamic Updates: Recalculates with every price change
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📊 Progress Bar Visualizations
Delta Strength: Visual representation of directional exposure
Time Decay: Days remaining until expiration
IV Level: Current implied volatility relative to extremes
Volume Activity: Current volume vs. historical average
Profit Probability: Calculated odds of profitable outcome
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🎯 How to Achieve Risk-Optimized Trading
Step 1: Market Analysis
1. Check Sentiment: Is market bullish, bearish, or neutral?
2. Assess IV Level: Are options cheap, fair, or expensive?
3. Volume Confirmation: Is there institutional interest?
4. Time Frame: How many days until expiration?
Step 2: Strategy Selection
The calculator automatically recommends the highest probability strategy based on:
• Current market sentiment
• IV environment
• Expected move percentage
• Time to expiration
• Risk/reward optimization
Step 3: Risk Management Setup
For Long Strategies (Buying Options)
• Best When: IV rank is low (green), high probability score
• Risk Control: Maximum loss is premium paid
• Time Management: Avoid last 2 weeks before expiration
• Profit Taking: Close at 50% profit or 25% time decay
For Short Strategies (Selling Options)
• Best When: IV rank is high (red), neutral sentiment
• Risk Control: Use defined risk spreads
• Time Advantage: Target last 45 days
• Profit Taking: Close at 50% max profit
For Neutral Strategies
• Best When: Low expected move + high IV
• Risk Management: Iron butterflies and condors
• Time Decay: Benefits from theta decay
• Adjustment: Have roll/adjust plan ready
Step 4: Execution Guidelines
High Confidence Trades (80%+ Score)
• Position Size: Standard risk allocation
• Entry: Immediate execution
• Management: Hold to target or 21 DTE
Medium Confidence Trades (60-80% Score)
• Position Size: Reduced allocation
• Entry: Wait for better setup or confirmation
• Management: Tighter profit/loss targets
Low Confidence Trades (<60% Score)
• Action: Avoid or wait for better conditions
• Alternative: Consider opposite strategy
• Patience: Wait for higher probability setup
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🔍 Real-Time Risk Monitoring
Live Greeks Tracking
• Delta Neutral: Maintain overall portfolio delta near zero
• Gamma Risk: Monitor acceleration risk on large moves
• Theta Decay: Track daily time value erosion
• Vega Exposure: Hedge volatility risk when needed
Probability Metrics
• Profit Probability: Statistical odds of profitable outcome
• Expected Move: Price range for 68% probability
• Breakeven Analysis: Exact price needed for profitability
• Time Value: Separation of intrinsic vs. extrinsic value
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💡 Professional Trading Tips
Market Environment Adaptation
• Low IV Environment: Buy straddles, strangles, long options
• High IV Environment: Sell premium, iron condors, credit spreads
• Trending Markets: Directional strategies with trend
• Range-Bound Markets: Neutral strategies, short premium
Risk Management Rules
1. Never risk more than 2% of capital per trade
2. Close losing trades at 2x premium received (short) or 50% loss (long)
3. Take profits at 50% of maximum potential
4. Avoid earnings announcements unless specifically trading volatility
5. Have exit plan before entry
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🎯 Achieving "Risk-Free" Trading
While no trading is truly risk-free, the calculator helps minimize risk through:
High Probability Setups
• Only trade strategies with 70%+ confidence scores
• Confirm with multiple indicators (sentiment, IV, volume)
• Use proper position sizing
Statistical Edge
• Mean reversion strategies in extreme IV environments
• Time decay advantages in short premium strategies
• Probability-based position sizing
Risk Mitigation
• Defined risk strategies only
• Proper diversification across time and strikes
• Systematic profit taking and loss cutting
• Continuous monitoring and adjustment
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📊 Dashboard Interpretation Guide
Green Signals (Go)
• High strategy confidence score
• Favorable IV environment for strategy
• Strong volume confirmation
• Clear directional bias
Yellow Signals (Caution)
• Medium confidence scores
• Mixed market signals
• Average volume activity
• Reduce position size
Red Signals (Stop)
• Low confidence scores
• Unfavorable conditions
• Low volume/poor liquidity
• Wait for better setup
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The aiTrendview Option Calculator transforms complex options analysis into actionable trading intelligence, helping traders make informed decisions based on mathematical models, live market data, and statistical probabilities rather than emotions or guesswork.
FVG 9:31–10:00 AM ETFVG 9:31–10:00 AM ET - Script Description
What This Script Does
This indicator finds **Fair Value Gaps (FVGs)** that form during the first 29 minutes of the U.S. stock market (9:31 AM to 10:00 AM Eastern Time). A Fair Value Gap is a price imbalance where there's a gap between candles that often becomes an important support or resistance level.
Key Features:
- **Time Window**: Only looks for FVGs between 9:31-10:00 AM ET (most important opening period)
- **One Per Day**: Finds only the first FVG that forms in this time window each day
- **Visual Display**: Draws a purple box around the gap with a clear "FVG" label
- **Price Tracking**: Monitors when price comes back to test the gap level
- **Alert System**: Sends notifications when price returns to the FVG zone
How FVGs Are Detected:
- **Bullish FVG**: When there's a gap up (low of middle candle is above high of 3rd candle back)
- **Bearish FVG**: When there's a gap down (high of middle candle is below low of 3rd candle back)
The 9:31-10:00 AM window is chosen because this is when institutions and algorithms create their biggest price moves right after market open, making these gaps very reliable.
Customization Options
User Settings
Extend FVG Box (Bars)
- **What it does**: Makes the purple box longer to the right
- **Default**: 0 (box ends right after the gap forms)
- **Options**: Any number from 0 to 100+
- **When to use**:
- Keep at 0 for clean historical view
- Set to 10-20 to track the gap during the current session
- Set higher for longer reference
Code Settings (Can Be Changed)
Time Window
- **Start**: 9:31 AM Eastern Time
- **End**: 10:00 AM Eastern Time
- **Can modify**: Change the hour/minute numbers in the code
Visual Style
- **Color**: Purple with see-through background
- **Label**: Shows "FVG" text in white
- **Can modify**: Change colors and transparency in the code
How to Use:
Setup
Chart Settings
1. Use 1-minute, 5-minute, or 15-minute charts (works best on these timeframes)
2. Apply to liquid markets like ES, NQ, major stocks, or forex pairs
3. Set the "Extend FVG Box" to your preference (start with 0 or 10)
What You'll See
- A purple box appears when an FVG forms during 9:31-10:00 AM
- Box shows the exact price levels of the gap
- "FVG" label appears on the box
- Only one FVG per day will be marked
Trading Strategies
Basic FVG Trading
1. **Wait for Formation**: Let the purple box appear during 9:31-10:00 AM
2. **Watch Price Movement**: See if price moves away from the gap
3. **Enter on Retest**: When price comes back to the purple box area, consider entering
4. **Trade Direction**:
- Bullish FVG = look for long opportunities when price retests
- Bearish FVG = look for short opportunities when price retests
Entry Methods
- **Bounce Play**: Enter when price touches the FVG box and bounces away
- **Break Play**: Enter if price strongly breaks through the FVG box
- **Rejection Play**: Enter opposite direction if price gets rejected at the FVG
Risk Management
Stop Losses
- Place stops just outside the FVG box (a few ticks beyond the gap)
- If trading a bounce, stop goes on opposite side of the gap
- If trading a break, stop goes back inside the gap
Position Sizing
- Start small until you understand how FVGs work in your market
- Bigger gaps = smaller position size (more risk)
- Smaller gaps = can use larger position size
Profit Targets
- Take profits at obvious levels like round numbers, previous highs/lows
- Consider taking half profits at 1:1 risk/reward ratio
- Let some position run if the move is strong
Best Practices
When It Works Best
- High-volume stocks and futures (ES, NQ work great)
- Normal market days without major news during the 9:31-10:00 window
- When there's clear institutional activity in the opening period
When to Be Careful
- Low-volume stocks or markets
- Major economic news releases during the time window
- Market holidays when volume is low
- Very choppy or sideways days
Alert Usage
- The script will alert you when price comes back to test the FVG
- Don't trade the alert blindly - always check the current market situation
- Use the alert as a heads-up to start watching the setup more closely
Tips for Success
- The earlier the FVG forms in the 9:31-10:00 window, often the more significant it is
- FVGs that form with high volume are usually more reliable
- Always consider the overall market direction - don't fight the main trend
- Practice on paper first to understand how FVGs behave in your chosen market
🔗 Works Best With:
✅ Liquidity Levels — Smart Swing Lows: Spot key structural lows that can fuel stop hunts and reversals.
✅ ICT Turtle Soup — Liquidity Reversal: Add a classic reversal pattern to your toolkit to catch fakeouts cleanly.
✅ ICT SMC Liquidity Grabs and OBs- Liquidity Grabs, Order Block Zones, and Fibonacci OTE Levels, allowing traders to identify institutional entry models with clean, rule-based visual signals.
This script is most valuable for day traders who want to catch institutional moves right after market open, but it can also help swing traders identify important intraday levels.
✅ ICT Macro Zones (Grey Box Version)- It tracks real-time highs and lows for each Silver Bullet session.
✅ Weekly Opening Gap (cryptonnnite)
