blackOrb PhaseMA matrix for identification of bullish/bearish macro phases and strategy implementation through the definition of effective MA lengths.
Moving Averages, when conventionally employed in either single-line or dual-line configurations, come with inherent limitations that hinder their effectiveness in capturing the complexities of varying market conditions.
In response to this challenge, blackOrb Phase utilizes a combination of quantitative and relational MA analysis techniques, providing users with a more comprehensive understanding of market trends and a granular derivation of price-dynamic phases by using the following features:
I. MA matrix to identify effective MA lengths for strategy implementation
II. Stochastic coloring for trend tracking and macro phase identification
III. Diverse MA options for enhanced analytical flexibility
Technical Methodology
I. MA Matrix to Identify Effective MA Lengths for Strategy Implementation
Central to the methodology is the ability to identify optimal MA lengths for effective strategy implementation. blackOrb Phase utilizes a matrix of multiple MAs, each characterized by unique parameters, to establish a relational grid structure. By systematically examining price data within predefined vertical segments, this matrix offers a linear multi-level modulation of historical price data, providing access to up to 500 prior data instances. This methodology enhances the analysis of both micro price dynamics shifts and bullish or bearish macro trend changes. It has been empirically validated that this approach can assist users to refine their analysis and adapt to varying market conditions*.
Crossings of MA lines with different colors signify potential shifts in price dynamic phases. When green MA lines intersect red MA lines, it suggests a higher likelihood of a macro trend change (bullish or bearish market environment). Conversely, when green MA lines cross over orange MA lines, it indicates a lower probability of a macro trend change but still suggests a potential micro trend shift. This micro trend shift can be viewed as a subordinate price dynamic change within the broader macro trend.
*Source: Prof. Pätäri, Eero. "Performance of moving average trading strategies over varying stock market conditions." Applied Economics, vol. 46, no. 24, 2014, pp. 2851-2872.
II. Stochastic Coloring for Trend Tracking and Macro Phase Identification
To provide a comprehensive view, this indicator includes a stochastic tracking feature, displayed through an intuitive single-color system across the entire matrix grid. The color scheme transitions from red lines, indicating the beginning of bearish trend phases, to green lines, indicating the initiation of bullish trend phases and vice versa. The greater the number of lines with the same color, the stronger the trend.
This tool enhances price trend monitoring, allowing traders not only to track their initiation and continuation but also to confirm trend culmination. By observing color shifts from red/green lines, traders can assess the sustainability and persistence of broader macro trends.
Note: Stochastic coloring aids in probability-based orientation and provides valuable insights for trading strategy implementation. It is most effective when used in conjunction with other analysis and risk management techniques.
III. Diverse MA Options for Enhanced Analytical Flexibility
Users have the flexibility to choose from 14 different MA types (e.g. including ALMA, KAMA, T3, VWMA, TriMA and ZLEMA). This versatility allows for precise configurations tailored to specific market conditions.
For example, among the array of these 14 MA alternatives, VWMA (Volume Weighted MA) stands out as a suitable implementation choice for integrating volume data. It goes beyond the scope of a simple moving average, considering both price and volume in its calculation, as shown in the following formula:
(C1 x V1 + C2 x V2 + ... + Cn x Vn) / (V1 + V2 + ... + Vn)
Alongside this variety of MA types, users can select from a range of OHLC combination options (open, high, low and close price data), further enhancing analytical flexibility.
Note: While these choices offer substantial flexibility, they also require a solid understanding of the various MA types and data combinations, making risk management essential.
Note on Usability
blackOrb Phase can have synergies with blackOrb Price and blackOrb Zone as all three indicators combined can give a bigger picture for supporting comprehensive and multifaceted data-driven trading analysis.
This tool was meticulously created to serve as an additional frame for the seamless integration of other more granular trading indicators. This indicator isn't intended for standalone trading application. Instead, it is serving as a supplementary tool for orientation within broader trading strategies.
Irrespective of market conditions, it can harmonize with a wider range of trading styles and instruments / trading pairs / indices like Stocks, Gold, FX, EURUSD, SPX500, GBPUSD, BTCUSD and Oil.
Inspiration and Publishing
Taking genesis from the inspirations amongst others provided by TradingView Pine Script Wizard Kodify, blackOrb Phase is a multi-encompassing script meticulously forged from scratch. It aspires to furnish a comprehensive approach, borne out of personal experiences and a strong dedication in supporting the trading community. We eagerly await valuable feedback to refine and further enhance this tool.
Cerca negli script per "track"
Tick Weighted Average Price %BTick Weighted Average Price %B
"TiWAP %B" is an indicator that tracks the NYSE TICK by default and plots price location in relation to the tick weighted average price based only off of extreme TICK movement. NASDAQ TICK is also supported and future updates may add others if they provide value, or if requested.
This utilizes same calculation as TiWAP indicator already published, but removes the need to have it overlaying price to keep things tidy :)
What makes this different?
Quite simply there isn't another indicator that plots weighted average price based on TICK movement as done here, this is showing the correlation between the entire markets volatile price movement and the charted security. It provides a sense of established fair value given the entire NYSE/NASDAQ, given the automated nature of the markets there's a strong correlation between highly liquid ETFs/Indexes and the whole market.
How to use
As price is affected by NYSE the study will reveal location of price as it relates to TiWAP, use location to find reversals from rejections or bounces of standard deviations.
As price is affected by market volatility look to see the weighted price adjust to actual price and combine with other trading strategies to take advantage of the data. Rejections and bounces near standard deviations as well as the weighted average price line can provide excellent trade setups, or they could be utilized in advanced options strategies such as straddles, strangles, iron condors, etc.
Anchor points can be utilized to track how the market is adjusting broad value for the week, month, quarter, etc. The higher timeframe based anchor points will need higher periods for the chart or a max bars lookback error may occur.
Sensitivity should be adjusted as changes in TICK occur, this is commonly correlated with NYSE adjustments but the tooltip provides some guidance on value selection based on current conventional wisdom.
Show Target Level Relation
Turn on "Show Target Level Relation" to observe how current price is moving in relation to previous TiWAP range. For example if %B is configured for session, enabling this feature will reveal price rejecting and reclaim aspects of previous session %B range, works on any anchorage selected so long as resolution permits.
Fill %B As Cloud
By special request, this will render %B as a sentiment cloud which will aid in quick review of price to TiWAP relation being in buy side or sell side ranges, use this to easily spot exhaustion or continuation.
Markets
TICK tracks the entire market and as such whatever the entire market is doing will most likely apply to any individual security charted so give this a shot with anything you trade and let me know your results :)
Usage Conditions
Currently I'm finding the most success with this weighted average price on various intra-day timeframes, but anchored on weekly or higher and utilizing other timeframes may net some interesting swing trading opportunities.
Special thanks to MrChach for the original idea as well as discussions and debugging sessions :)
Tops & Bottoms by Volume [SS]Hey everyone,
Releasing this indicator that helps you time entries by alerting to potential tops and bottoms in the market.
Background to the indicator:
I was playing around with things that signalled reversals / tops and bottoms in SPSS and R using Pivot Points to mark tops and bottoms. Happened to come across a generally statistically significant relationship between sell to buy volume that was tracked over 10 to 50 candles back and pivot highs and pivot lows.
So I put it into a beta version of an indicator to see how it looked and was a bit surprised.
Since then, I have went back and narrowed down the details of what works/what doesn't work and this is the tentative result!
What it does / How to Use:
It tracks the cumulative buy vs sell volume. Buy volume is cumulated as close > open (or green candles) and sell is open > close (or red candles).
It then cumulates this over a user-defined period (defaulted to 14). It then looks back to see the highest vs lowest areas of sell and buy volume and makes determinations based on this relationship.
The relationship was determined by me using my own analysis and programmed into the indicators algorithm (using highest vs lowest function in pine).
It will plot areas of potential reversal to the upside as green on the histogram or red for a downside reversal. Once this becomes significant enough to signal an actual bottom or top, it will then change the SMA colour from white to green (for bottom) or red (for top).
Your entries generally should be once the SMA turns back to white. So from green to white, you would enter long or inverse for red to white (enter short).
Settings and Customizability:
Here are the key points to keep in mind if you are using this indicator:
Your lookback length should be between 10 to 50. I have left it open for you to modify it below and above this lookback period; however, this is the major periods deemed to be significant in identifying tops and bottoms. Thus, I advise against operating outside of those parameters.
You can toggle between smoothed look or historgram with SMA. The strength in this indicator comes from using the SMA and watching the SMA for signals of reversals, so if you want to filter out the background noise, you can simply look at the plotted SMA. If you want a more responsive indication of impending reversals, leave the smoothed option off and view the histogram in conjunction with the SMA.
The indicator will change the candle colour to red for bearish reversal and green to bullish reversal. This is based on the SMA. You can toggle this off and/or on as desired.
It is recommended to leave ETH (extended trading hours) turned off and RTH turned on.
Please read the instructions carefully.
If you require further assistance, I have posted a tutorial video.
Please be sure you are reading and/or watching carefully.
If you have questions, please feel free to post them below. But bear in mind I likely will not respond if it is already addressed in the description above (this happens often).
Also, feel free to leave your comments or suggestions below as well.
Thanks for checking this out. If you are interested in volume based trading, I suggest also checking out my Buyer to Seller volume indicator which cumulates total buying vs selling volume over a designated lookback period. Both of these used in conjunction are very powerful tools for volume based traders! ( Available here )
NOTE:
The boxes drawn in the chart are my own for demonstration purposes. I unfortunately cannot get the indicator to overlay the boxes on the chart in a separate viewing pane. That is why I opted to use the barcolor function to change the candle color instead :-).
Thanks again everyone and safe trades!
Tick Weighted Average PriceTick Weighted Average Price
"TiWAP" is an indicator that tracks the NYSE TICK by default and plots weighted average price on the charted security based only off of extreme TICK movement. NASDAQ TICK is also supported and future updates may add others if they provide value, or if requested.
What makes this different?
Quite simply there isn't another indicator that plots weighted average price based on TICK movement as done here, this is showing the correlation between the entire markets volatile price movement and the charted security. It provides a sense of established fair value given the entire NYSE/NASDAQ, given the automated nature of the markets there's a strong correlation between highly liquid ETFs/Indexes and the whole market.
How to use
Using this is similar to volume or time weighted average price, there is the average price line that is only adjusted when TICK movement breaches configured thresholds via sensitivity. Standard deviation bands are calculated and can be enabled up to 3rd deviation as per standard configuration, the further deviations being broken can serve as valuable signals for reversals.
As price is affected by market volatility look to see the weighted price adjust to actual price and combine with other trading strategies to take advantage of the data. Rejections and bounces near standard deviations as well as the weighted average price line can provide excellent trade setups, or they could be utilized in advanced options strategies such as straddles, strangles, iron condors, etc.
Anchor points can be utilized to track how the market is adjusting broad value for the week, month, quarter, etc. The higher timeframe based anchor points will need higher periods for the chart or a max bars lookback error may occur.
Sensitivity should be adjusted as changes in TICK occur, this is commonly correlated with NYSE adjustments but the tooltip provides some guidance on value selection based on current conventional wisdom.
Markets
TICK tracks the entire market and as such whatever the entire market is doing will most likely apply to any individual security charted so give this a shot with anything you trade and let me know your results :)
Usage Conditions
Currently I'm finding the most success with this weighted average price on various intra-day timeframes, but anchored on weekly or higher and utilizing other timeframes may net some interesting swing trading opportunities.
Harmonic PredictorThe concept of harmonic patterns was introduced in H.M. Gartley's book "Profits in the Stock Market" around 1935. Gartley formation was based on XABCD framework with particular values from Fibonacci values set. With only XABCD frame and Fibonacci values we have over 4 000 atomic combinations. Gartley formation is composed from two atomic combinations. Since then, numerous other combinations have been proposed and can be found on various internet sources. Our objective is not only to utilize known combinations, but also to develop a methodology for identifying combinations that best fit the price changes of a particular financial instrument.
The Harmonic Predictor is predicting XABCD formations based on XABC chart patterns and simulate trading with price move between points C and D. It's the second way of using harmonic patterns in trading. The script calculates ideal efficiency by entering a position at the C point and exiting either on the stop loss or point D - the take profit value.
Furthermore, you can enable the "relaxed formations" feature to search for generalized variants of the patterns.
This script can be used by any user. There is no need to have a PRO or PREMIUM account.
Harmonic Predictor is just one component of larger "Harmonic" package, which is designed to simplify the use of the ideas proposed by Gartley and to customize them for various financial instruments.
The Harmonic package includes:
⠀⠀Harmonic Scanner - A classic harmonic patterns detector that checks efficiency by entering in D point and trading move to the take profit value.
⠀⠀Harmonic Predictor - A harmonic pattern detector that checks efficiency by entering at the C point and trading the move to the D point.
⠀⠀Harmonic Scanner TakeProfitMap - A supporting script for scanner, that tracks highest potencial profits from historical transactions to better determine the appropriate take profit values for a given financial instrument.
⠀⠀More components is under developement...
If you prefer a video explanation, please refer to the "HowTo: Harmonic Idea" video.
Script with limited access, contact author to get authorization
Script settings:
Extreme area - Specifies the range in which low/high need to be the lowest/highest bar to be counted as XABCD point.
XA limit - Specifies the maximum distance between successive points in XABCD formation pattern.
Inaccuracy ‰ - It determines the maximum deviation from the conditions that must be met by the pattern. Larger value will produce more duplicates.
Relaxed formations - Formations marked with * will be relaxed on CBD retracement.
List of formations, each letter enables specific formation.
Visualization section with independent settings for the folowing groups:
- Estimated formations ( high or low are still unconfirmed but their confirmation will add new potencial formation),
- Potencial (formations tracked for statistics)
- Existing
For each group of formations following settings can be customized:
- Color used for drawing formation shape
- Checkbox for enabling/disabling shape visualization
- Checkbox for enabling/disabling target visualization
- Picker for selecting the label type
⠀⠀- h(ide)
⠀⠀- s - Labels with small font
⠀⠀- S - Labels with normal font
StopLoss - Displays stoploss value for potencial and Estiamted formations.
Hide not precised D - It is expected that the price will change direction in D points, but for some potencial formations price is reaching D point area and continue in the same direction. With this option, you can hide these formations.
Transparency settings - Adjust the transparency of formation shapes and targets.
Statistics - Picker for statistics table type:
H(ide) - Hides the statistics table.
P(ositions) - Shows a list of positions with their corresponding stop loss and take profit values. Take profit values that have been reached are highlighted.
% - Displays the efficiency of formations, split by take profit values.
%W - Displays the efficiency of formations, split by take profit values and weighted by formation size.
Position filter - A filter that works with the P(ositions) statistics.
Troubleshooting:
In case of any problems, please send error details to the author of the script.
GKD-C Variety Stepped, Variety Filter [Loxx]Giga Kaleidoscope GKD-C Variety Stepped, Variety Filter is a Confirmation module included in Loxx's "Giga Kaleidoscope Modularized Trading System".
█ Giga Kaleidoscope Modularized Trading System
What is Loxx's "Giga Kaleidoscope Modularized Trading System"?
The Giga Kaleidoscope Modularized Trading System is a trading system built on the philosophy of the NNFX (No Nonsense Forex) algorithmic trading.
What is the NNFX algorithmic trading strategy?
The NNFX (No-Nonsense Forex) trading system is a comprehensive approach to Forex trading that is designed to simplify the process and remove the confusion and complexity that often surrounds trading. The system was developed by a Forex trader who goes by the pseudonym "VP" and has gained a significant following in the Forex community.
The NNFX trading system is based on a set of rules and guidelines that help traders make objective and informed decisions. These rules cover all aspects of trading, including market analysis, trade entry, stop loss placement, and trade management.
Here are the main components of the NNFX trading system:
1. Trading Philosophy: The NNFX trading system is based on the idea that successful trading requires a comprehensive understanding of the market, objective analysis, and strict risk management. The system aims to remove subjective elements from trading and focuses on objective rules and guidelines.
2. Technical Analysis: The NNFX trading system relies heavily on technical analysis and uses a range of indicators to identify high-probability trading opportunities. The system uses a combination of trend-following and mean-reverting strategies to identify trades.
3. Market Structure: The NNFX trading system emphasizes the importance of understanding the market structure, including price action, support and resistance levels, and market cycles. The system uses a range of tools to identify the market structure, including trend lines, channels, and moving averages.
4. Trade Entry: The NNFX trading system has strict rules for trade entry. The system uses a combination of technical indicators to identify high-probability trades, and traders must meet specific criteria to enter a trade.
5. Stop Loss Placement: The NNFX trading system places a significant emphasis on risk management and requires traders to place a stop loss order on every trade. The system uses a combination of technical analysis and market structure to determine the appropriate stop loss level.
6. Trade Management: The NNFX trading system has specific rules for managing open trades. The system aims to minimize risk and maximize profit by using a combination of trailing stops, take profit levels, and position sizing.
Overall, the NNFX trading system is designed to be a straightforward and easy-to-follow approach to Forex trading that can be applied by traders of all skill levels.
Core components of an NNFX algorithmic trading strategy
The NNFX algorithm is built on the principles of trend, momentum, and volatility. There are six core components in the NNFX trading algorithm:
1. Volatility - price volatility; e.g., Average True Range, True Range Double, Close-to-Close, etc.
2. Baseline - a moving average to identify price trend
3. Confirmation 1 - a technical indicator used to identify trends
4. Confirmation 2 - a technical indicator used to identify trends
5. Continuation - a technical indicator used to identify trends
6. Volatility/Volume - a technical indicator used to identify volatility/volume breakouts/breakdown
7. Exit - a technical indicator used to determine when a trend is exhausted
What is Volatility in the NNFX trading system?
In the NNFX (No Nonsense Forex) trading system, ATR (Average True Range) is typically used to measure the volatility of an asset. It is used as a part of the system to help determine the appropriate stop loss and take profit levels for a trade. ATR is calculated by taking the average of the true range values over a specified period.
True range is calculated as the maximum of the following values:
-Current high minus the current low
-Absolute value of the current high minus the previous close
-Absolute value of the current low minus the previous close
ATR is a dynamic indicator that changes with changes in volatility. As volatility increases, the value of ATR increases, and as volatility decreases, the value of ATR decreases. By using ATR in NNFX system, traders can adjust their stop loss and take profit levels according to the volatility of the asset being traded. This helps to ensure that the trade is given enough room to move, while also minimizing potential losses.
Other types of volatility include True Range Double (TRD), Close-to-Close, and Garman-Klass
What is a Baseline indicator?
The baseline is essentially a moving average, and is used to determine the overall direction of the market.
The baseline in the NNFX system is used to filter out trades that are not in line with the long-term trend of the market. The baseline is plotted on the chart along with other indicators, such as the Moving Average (MA), the Relative Strength Index (RSI), and the Average True Range (ATR).
Trades are only taken when the price is in the same direction as the baseline. For example, if the baseline is sloping upwards, only long trades are taken, and if the baseline is sloping downwards, only short trades are taken. This approach helps to ensure that trades are in line with the overall trend of the market, and reduces the risk of entering trades that are likely to fail.
By using a baseline in the NNFX system, traders can have a clear reference point for determining the overall trend of the market, and can make more informed trading decisions. The baseline helps to filter out noise and false signals, and ensures that trades are taken in the direction of the long-term trend.
What is a Confirmation indicator?
Confirmation indicators are technical indicators that are used to confirm the signals generated by primary indicators. Primary indicators are the core indicators used in the NNFX system, such as the Average True Range (ATR), the Moving Average (MA), and the Relative Strength Index (RSI).
The purpose of the confirmation indicators is to reduce false signals and improve the accuracy of the trading system. They are designed to confirm the signals generated by the primary indicators by providing additional information about the strength and direction of the trend.
Some examples of confirmation indicators that may be used in the NNFX system include the Bollinger Bands, the MACD (Moving Average Convergence Divergence), and the Stochastic Oscillator. These indicators can provide information about the volatility, momentum, and trend strength of the market, and can be used to confirm the signals generated by the primary indicators.
In the NNFX system, confirmation indicators are used in combination with primary indicators and other filters to create a trading system that is robust and reliable. By using multiple indicators to confirm trading signals, the system aims to reduce the risk of false signals and improve the overall profitability of the trades.
What is a Continuation indicator?
In the NNFX (No Nonsense Forex) trading system, a continuation indicator is a technical indicator that is used to confirm a current trend and predict that the trend is likely to continue in the same direction. A continuation indicator is typically used in conjunction with other indicators in the system, such as a baseline indicator, to provide a comprehensive trading strategy.
What is a Volatility/Volume indicator?
Volume indicators, such as the On Balance Volume (OBV), the Chaikin Money Flow (CMF), or the Volume Price Trend (VPT), are used to measure the amount of buying and selling activity in a market. They are based on the trading volume of the market, and can provide information about the strength of the trend. In the NNFX system, volume indicators are used to confirm trading signals generated by the Moving Average and the Relative Strength Index. Volatility indicators include Average Direction Index, Waddah Attar, and Volatility Ratio. In the NNFX trading system, volatility is a proxy for volume and vice versa.
By using volume indicators as confirmation tools, the NNFX trading system aims to reduce the risk of false signals and improve the overall profitability of trades. These indicators can provide additional information about the market that is not captured by the primary indicators, and can help traders to make more informed trading decisions. In addition, volume indicators can be used to identify potential changes in market trends and to confirm the strength of price movements.
What is an Exit indicator?
The exit indicator is used in conjunction with other indicators in the system, such as the Moving Average (MA), the Relative Strength Index (RSI), and the Average True Range (ATR), to provide a comprehensive trading strategy.
The exit indicator in the NNFX system can be any technical indicator that is deemed effective at identifying optimal exit points. Examples of exit indicators that are commonly used include the Parabolic SAR, the Average Directional Index (ADX), and the Chandelier Exit.
The purpose of the exit indicator is to identify when a trend is likely to reverse or when the market conditions have changed, signaling the need to exit a trade. By using an exit indicator, traders can manage their risk and prevent significant losses.
In the NNFX system, the exit indicator is used in conjunction with a stop loss and a take profit order to maximize profits and minimize losses. The stop loss order is used to limit the amount of loss that can be incurred if the trade goes against the trader, while the take profit order is used to lock in profits when the trade is moving in the trader's favor.
Overall, the use of an exit indicator in the NNFX trading system is an important component of a comprehensive trading strategy. It allows traders to manage their risk effectively and improve the profitability of their trades by exiting at the right time.
How does Loxx's GKD (Giga Kaleidoscope Modularized Trading System) implement the NNFX algorithm outlined above?
Loxx's GKD v1.0 system has five types of modules (indicators/strategies). These modules are:
1. GKD-BT - Backtesting module (Volatility, Number 1 in the NNFX algorithm)
2. GKD-B - Baseline module (Baseline and Volatility/Volume, Numbers 1 and 2 in the NNFX algorithm)
3. GKD-C - Confirmation 1/2 and Continuation module (Confirmation 1/2 and Continuation, Numbers 3, 4, and 5 in the NNFX algorithm)
4. GKD-V - Volatility/Volume module (Confirmation 1/2, Number 6 in the NNFX algorithm)
5. GKD-E - Exit module (Exit, Number 7 in the NNFX algorithm)
(additional module types will added in future releases)
Each module interacts with every module by passing data between modules. Data is passed between each module as described below:
GKD-B => GKD-V => GKD-C(1) => GKD-C(2) => GKD-C(Continuation) => GKD-E => GKD-BT
That is, the Baseline indicator passes its data to Volatility/Volume. The Volatility/Volume indicator passes its values to the Confirmation 1 indicator. The Confirmation 1 indicator passes its values to the Confirmation 2 indicator. The Confirmation 2 indicator passes its values to the Continuation indicator. The Continuation indicator passes its values to the Exit indicator, and finally, the Exit indicator passes its values to the Backtest strategy.
This chaining of indicators requires that each module conform to Loxx's GKD protocol, therefore allowing for the testing of every possible combination of technical indicators that make up the six components of the NNFX algorithm.
What does the application of the GKD trading system look like?
Example trading system:
Backtest: Strategy with 1-3 take profits, trailing stop loss, multiple types of PnL volatility, and 2 backtesting styles
Baseline: Hull Moving Average
Volatility/Volume: Hurst Exponent
Confirmation 1: Variety Stepped, Variety Filter as shown on the chart above
Confirmation 2: Williams Percent Range
Continuation: Fisher Transform
Exit: Rex Oscillator
Each GKD indicator is denoted with a module identifier of either: GKD-BT, GKD-B, GKD-C, GKD-V, or GKD-E. This allows traders to understand to which module each indicator belongs and where each indicator fits into the GKD protocol chain.
Giga Kaleidoscope Modularized Trading System Signals (based on the NNFX algorithm)
Standard Entry
1. GKD-C Confirmation 1 Signal
2. GKD-B Baseline agrees
3. Price is within a range of 0.2x Volatility and 1.0x Volatility of the Goldie Locks Mean
4. GKD-C Confirmation 2 agrees
5. GKD-V Volatility/Volume agrees
Baseline Entry
1. GKD-B Baseline signal
2. GKD-C Confirmation 1 agrees
3. Price is within a range of 0.2x Volatility and 1.0x Volatility of the Goldie Locks Mean
4. GKD-C Confirmation 2 agrees
5. GKD-V Volatility/Volume agrees
6. GKD-C Confirmation 1 signal was less than 7 candles prior
Continuation Entry
1. Standard Entry, Baseline Entry, or Pullback; entry triggered previously
2. GKD-B Baseline hasn't crossed since entry signal trigger
3. GKD-C Confirmation Continuation Indicator signals
4. GKD-C Confirmation 1 agrees
5. GKD-B Baseline agrees
6. GKD-C Confirmation 2 agrees
1-Candle Rule Standard Entry
1. GKD-C Confirmation 1 signal
2. GKD-B Baseline agrees
3. Price is within a range of 0.2x Volatility and 1.0x Volatility of the Goldie Locks Mean
Next Candle:
1. Price retraced (Long: close < close or Short: close > close )
2. GKD-B Baseline agrees
3. GKD-C Confirmation 1 agrees
4. GKD-C Confirmation 2 agrees
5. GKD-V Volatility/Volume agrees
1-Candle Rule Baseline Entry
1. GKD-B Baseline signal
2. GKD-C Confirmation 1 agrees
3. Price is within a range of 0.2x Volatility and 1.0x Volatility of the Goldie Locks Mean
4. GKD-C Confirmation 1 signal was less than 7 candles prior
Next Candle:
1. Price retraced (Long: close < close or Short: close > close )
2. GKD-B Baseline agrees
3. GKD-C Confirmation 1 agrees
4. GKD-C Confirmation 2 agrees
5. GKD-V Volatility/Volume Agrees
PullBack Entry
1. GKD-B Baseline signal
2. GKD-C Confirmation 1 agrees
3. Price is beyond 1.0x Volatility of Baseline
Next Candle:
1. Price is within a range of 0.2x Volatility and 1.0x Volatility of the Goldie Locks Mean
3. GKD-C Confirmation 1 agrees
4. GKD-C Confirmation 2 agrees
5. GKD-V Volatility/Volume Agrees
█ GKD-C Variety Stepped, Variety Filter
Variety Stepped, Variety Filter is an indicator that uses various types of stepping behavior to reduce false signals. This indicator includes 5+ volatility stepping types and 60+ moving averages.
Stepping calculations
First off, you can filter by both price and/or MA output. Both price and MA output can be filtered/stepped in their own way. You'll see two selectors in the input settings. Default is ATR ATR. Here's how stepping works in simple terms: if the price/MA output doesn't move by X deviations, then revert to the price/MA output one bar back.
ATR
The average true range (ATR) is a technical analysis indicator, introduced by market technician J. Welles Wilder Jr. in his book New Concepts in Technical Trading Systems, that measures market volatility by decomposing the entire range of an asset price for that period.
Standard Deviation
Standard deviation is a statistic that measures the dispersion of a dataset relative to its mean and is calculated as the square root of the variance. The standard deviation is calculated as the square root of variance by determining each data point's deviation relative to the mean. If the data points are further from the mean, there is a higher deviation within the data set; thus, the more spread out the data, the higher the standard deviation.
Adaptive Deviation
By definition, the Standard Deviation (STD, also represented by the Greek letter sigma σ or the Latin letter s) is a measure that is used to quantify the amount of variation or dispersion of a set of data values. In technical analysis we usually use it to measure the level of current volatility .
Standard Deviation is based on Simple Moving Average calculation for mean value. This version of standard deviation uses the properties of EMA to calculate what can be called a new type of deviation, and since it is based on EMA , we can call it EMA deviation. And added to that, Perry Kaufman's efficiency ratio is used to make it adaptive (since all EMA type calculations are nearly perfect for adapting).
The difference when compared to standard is significant--not just because of EMA usage, but the efficiency ratio makes it a "bit more logical" in very volatile market conditions.
See how this compares to Standard Devaition here:
Adaptive Deviation
Median Absolute Deviation
The median absolute deviation is a measure of statistical dispersion. Moreover, the MAD is a robust statistic, being more resilient to outliers in a data set than the standard deviation. In the standard deviation, the distances from the mean are squared, so large deviations are weighted more heavily, and thus outliers can heavily influence it. In the MAD, the deviations of a small number of outliers are irrelevant.
Because the MAD is a more robust estimator of scale than the sample variance or standard deviation, it works better with distributions without a mean or variance, such as the Cauchy distribution.
For this indicator, I used a manual recreation of the quantile function in Pine Script. This is so users have a full inside view into how this is calculated.
Efficiency-Ratio Adaptive ATR
Average True Range (ATR) is widely used indicator in many occasions for technical analysis . It is calculated as the RMA of true range. This version adds a "twist": it uses Perry Kaufman's Efficiency Ratio to calculate adaptive true range
See how this compares to ATR here:
ER-Adaptive ATR
Mean Absolute Deviation
The mean absolute deviation (MAD) is a measure of variability that indicates the average distance between observations and their mean. MAD uses the original units of the data, which simplifies interpretation. Larger values signify that the data points spread out further from the average. Conversely, lower values correspond to data points bunching closer to it. The mean absolute deviation is also known as the mean deviation and average absolute deviation.
This definition of the mean absolute deviation sounds similar to the standard deviation ( SD ). While both measure variability, they have different calculations. In recent years, some proponents of MAD have suggested that it replace the SD as the primary measure because it is a simpler concept that better fits real life.
For Pine Coders, this is equivalent of using ta.dev()
Included Filters
Adaptive Moving Average - AMA
ADXvma - Average Directional Volatility Moving Average
Ahrens Moving Average
Alexander Moving Average - ALXMA
Deviation Scaled Moving Average - DSMA
Donchian
Double Exponential Moving Average - DEMA
Double Smoothed Exponential Moving Average - DSEMA
Double Smoothed FEMA - DSFEMA
Double Smoothed Range Weighted EMA - DSRWEMA
Double Smoothed Wilders EMA - DSWEMA
Double Weighted Moving Average - DWMA
Ehlers Optimal Tracking Filter - EOTF
Exponential Moving Average - EMA
Fast Exponential Moving Average - FEMA
Fractal Adaptive Moving Average - FRAMA
Generalized DEMA - GDEMA
Generalized Double DEMA - GDDEMA
Hull Moving Average (Type 1) - HMA1
Hull Moving Average (Type 2) - HMA2
Hull Moving Average (Type 3) - HMA3
Hull Moving Average (Type 4) - HMA4
IE /2 - Early T3 by Tim Tilson
Integral of Linear Regression Slope - ILRS
Instantaneous Trendline
Kalman Filter
Kaufman Adaptive Moving Average - KAMA
Laguerre Filter
Leader Exponential Moving Average
Linear Regression Value - LSMA ( Least Squares Moving Average )
Linear Weighted Moving Average - LWMA
McGinley Dynamic
McNicholl EMA
Non-Lag Moving Average
Ocean NMA Moving Average - ONMAMA
Parabolic Weighted Moving Average
Probability Density Function Moving Average - PDFMA
Quadratic Regression Moving Average - QRMA
Regularized EMA - REMA
Range Weighted EMA - RWEMA
Recursive Moving Trendline
Simple Decycler - SDEC
Simple Jurik Moving Average - SJMA
Simple Moving Average - SMA
Sine Weighted Moving Average
Smoothed LWMA - SLWMA
Smoothed Moving Average - SMMA
Smoother
Super Smoother
T3
Three-pole Ehlers Butterworth
Three-pole Ehlers Smoother
Triangular Moving Average - TMA
Triple Exponential Moving Average - TEMA
Two-pole Ehlers Butterworth
Two-pole Ehlers smoother
Variable Index Dynamic Average - VIDYA
Variable Moving Average - VMA
Volume Weighted EMA - VEMA
Volume Weighted Moving Average - VWMA
Zero-Lag DEMA - Zero Lag Exponential Moving Average
Zero-Lag Moving Average
Zero Lag TEMA - Zero Lag Triple Exponential Moving Average
Adaptive Moving Average - AMA
Description. The Adaptive Moving Average (AMA) is a moving average that changes its sensitivity to price moves depending on the calculated volatility . It becomes more sensitive during periods when the price is moving smoothly in a certain direction and becomes less sensitive when the price is volatile.
ADXvma - Average Directional Volatility Moving Average
Linnsoft's ADXvma formula is a volatility-based moving average, with the volatility being determined by the value of the ADX indicator.
The ADXvma has the SMA in Chande's CMO replaced with an EMA , it then uses a few more layers of EMA smoothing before the "Volatility Index" is calculated.
A side effect is, those additional layers slow down the ADXvma when you compare it to Chande's Variable Index Dynamic Average VIDYA .
The ADXVMA provides support during uptrends and resistance during downtrends and will stay flat for longer, but will create some of the most accurate market signals when it decides to move.
Ahrens Moving Average
Richard D. Ahrens's Moving Average promises "Smoother Data" that isn't influenced by the occasional price spike. It works by using the Open and the Close in his formula so that the only time the Ahrens Moving Average will change is when the candlestick is either making new highs or new lows.
Alexander Moving Average - ALXMA
This Moving Average uses an elaborate smoothing formula and utilizes a 7 period Moving Average. It corresponds to fitting a second-order polynomial to seven consecutive observations. This moving average is rarely used in trading but is interesting as this Moving Average has been applied to diffusion indexes that tend to be very volatile.
Deviation Scaled Moving Average - DSMA
The Deviation-Scaled Moving Average is a data smoothing technique that acts like an exponential moving average with a dynamic smoothing coefficient. The smoothing coefficient is automatically updated based on the magnitude of price changes. In the Deviation-Scaled Moving Average, the standard deviation from the mean is chosen to be the measure of this magnitude. The resulting indicator provides substantial smoothing of the data even when price changes are small while quickly adapting to these changes.
Donchian
Donchian Channels are three lines generated by moving average calculations that comprise an indicator formed by upper and lower bands around a midrange or median band. The upper band marks the highest price of a security over N periods while the lower band marks the lowest price of a security over N periods.
Double Exponential Moving Average - DEMA
The Double Exponential Moving Average ( DEMA ) combines a smoothed EMA and a single EMA to provide a low-lag indicator. It's primary purpose is to reduce the amount of "lagging entry" opportunities, and like all Moving Averages, the DEMA confirms uptrends whenever price crosses on top of it and closes above it, and confirms downtrends when the price crosses under it and closes below it - but with significantly less lag.
Double Smoothed Exponential Moving Average - DSEMA
The Double Smoothed Exponential Moving Average is a lot less laggy compared to a traditional EMA . It's also considered a leading indicator compared to the EMA , and is best utilized whenever smoothness and speed of reaction to market changes are required.
Double Smoothed FEMA - DSFEMA
Same as the Double Exponential Moving Average ( DEMA ), but uses a faster version of EMA for its calculation.
Double Smoothed Range Weighted EMA - DSRWEMA
Range weighted exponential moving average ( EMA ) is, unlike the "regular" range weighted average calculated in a different way. Even though the basis - the range weighting - is the same, the way how it is calculated is completely different. By definition this type of EMA is calculated as a ratio of EMA of price*weight / EMA of weight. And the results are very different and the two should be considered as completely different types of averages. The higher than EMA to price changes responsiveness when the ranges increase remains in this EMA too and in those cases this EMA is clearly leading the "regular" EMA . This version includes double smoothing.
Double Smoothed Wilders EMA - DSWEMA
Welles Wilder was frequently using one "special" case of EMA ( Exponential Moving Average ) that is due to that fact (that he used it) sometimes called Wilder's EMA . This version is adding double smoothing to Wilder's EMA in order to make it "faster" (it is more responsive to market prices than the original) and is still keeping very smooth values.
Double Weighted Moving Average - DWMA
Double weighted moving average is an LWMA (Linear Weighted Moving Average ). Instead of doing one cycle for calculating the LWMA, the indicator is made to cycle the loop 2 times. That produces a smoother values than the original LWMA
Ehlers Optimal Tracking Filter - EOTF
The Elher's Optimum Tracking Filter quickly adjusts rapid shifts in the price and yet is relatively smooth when the price has a sideways action. The operation of this filter is similar to Kaufman’s Adaptive Moving
Average
Exponential Moving Average - EMA
The EMA places more significance on recent data points and moves closer to price than the SMA ( Simple Moving Average ). It reacts faster to volatility due to its emphasis on recent data and is known for its ability to give greater weight to recent and more relevant data. The EMA is therefore seen as an enhancement over the SMA .
Fast Exponential Moving Average - FEMA
An Exponential Moving Average with a short look-back period.
Fractal Adaptive Moving Average - FRAMA
The Fractal Adaptive Moving Average by John Ehlers is an intelligent adaptive Moving Average which takes the importance of price changes into account and follows price closely enough to display significant moves whilst remaining flat if price ranges. The FRAMA does this by dynamically adjusting the look-back period based on the market's fractal geometry.
Generalized DEMA - GDEMA
The double exponential moving average ( DEMA ), was developed by Patrick Mulloy in an attempt to reduce the amount of lag time found in traditional moving averages. It was first introduced in the February 1994 issue of the magazine Technical Analysis of Stocks & Commodities in Mulloy's article "Smoothing Data with Faster Moving Averages.". Instead of using fixed multiplication factor in the final DEMA formula, the generalized version allows you to change it. By varying the "volume factor" form 0 to 1 you apply different multiplications and thus producing DEMA with different "speed" - the higher the volume factor is the "faster" the DEMA will be (but also the slope of it will be less smooth). The volume factor is limited in the calculation to 1 since any volume factor that is larger than 1 is increasing the overshooting to the extent that some volume factors usage makes the indicator unusable.
Generalized Double DEMA - GDDEMA
The double exponential moving average ( DEMA ), was developed by Patrick Mulloy in an attempt to reduce the amount of lag time found in traditional moving averages. It was first introduced in the February 1994 issue of the magazine Technical Analysis of Stocks & Commodities in Mulloy's article "Smoothing Data with Faster Moving Averages''. This is an extension of the Generalized DEMA using Tim Tillsons (the inventor of T3) idea, and is using GDEMA of GDEMA for calculation (which is the "middle step" of T3 calculation). Since there are no versions showing that middle step, this version covers that too. The result is smoother than Generalized DEMA , but is less smooth than T3 - one has to do some experimenting in order to find the optimal way to use it, but in any case, since it is "faster" than the T3 (Tim Tillson T3) and still smooth, it looks like a good compromise between speed and smoothness.
Hull Moving Average (Type 1) - HMA1
Alan Hull's HMA makes use of weighted moving averages to prioritize recent values and greatly reduce lag whilst maintaining the smoothness of a traditional Moving Average. For this reason, it's seen as a well-suited Moving Average for identifying entry points. This version uses SMA for smoothing.
Hull Moving Average (Type 2) - HMA2
Alan Hull's HMA makes use of weighted moving averages to prioritize recent values and greatly reduce lag whilst maintaining the smoothness of a traditional Moving Average. For this reason, it's seen as a well-suited Moving Average for identifying entry points. This version uses EMA for smoothing.
Hull Moving Average (Type 3) - HMA3
Alan Hull's HMA makes use of weighted moving averages to prioritize recent values and greatly reduce lag whilst maintaining the smoothness of a traditional Moving Average. For this reason, it's seen as a well-suited Moving Average for identifying entry points. This version uses LWMA for smoothing.
Hull Moving Average (Type 4) - HMA4
Alan Hull's HMA makes use of weighted moving averages to prioritize recent values and greatly reduce lag whilst maintaining the smoothness of a traditional Moving Average. For this reason, it's seen as a well-suited Moving Average for identifying entry points. This version uses SMMA for smoothing.
IE /2 - Early T3 by Tim Tilson and T3 new
T3 is basically an EMA on steroids, You can read about T3 here:
T3 Striped
Integral of Linear Regression Slope - ILRS
A Moving Average where the slope of a linear regression line is simply integrated as it is fitted in a moving window of length N (natural numbers in maths) across the data. The derivative of ILRS is the linear regression slope. ILRS is not the same as a SMA ( Simple Moving Average ) of length N, which is actually the midpoint of the linear regression line as it moves across the data.
Instantaneous Trendline
The Instantaneous Trendline is created by removing the dominant cycle component from the price information which makes this Moving Average suitable for medium to long-term trading.
Kalman Filter
Kalman filter is an algorithm that uses a series of measurements observed over time, containing statistical noise and other inaccuracies. This means that the filter was originally designed to work with noisy data. Also, it is able to work with incomplete data. Another advantage is that it is designed for and applied in dynamic systems; our price chart belongs to such systems. This version is true to the original design of the trade-ready Kalman Filter where velocity is the triggering mechanism.
Kalman Filter is a more accurate smoothing/prediction algorithm than the moving average because it is adaptive: it accounts for estimation errors and tries to adjust its predictions from the information it learned in the previous stage. Theoretically, Kalman Filter consists of measurement and transition components.
Kaufman Adaptive Moving Average - KAMA
Developed by Perry Kaufman, Kaufman's Adaptive Moving Average ( KAMA ) is a moving average designed to account for market noise or volatility . KAMA will closely follow prices when the price swings are relatively small and the noise is low.
Laguerre Filter
The Laguerre Filter is a smoothing filter which is based on Laguerre polynomials. The filter requires the current price, three prior prices, a user defined factor called Alpha to fill its calculation.
Adjusting the Alpha coefficient is used to increase or decrease its lag and its smoothness.
Leader Exponential Moving Average
The Leader EMA was created by Giorgos E. Siligardos who created a Moving Average which was able to eliminate lag altogether whilst maintaining some smoothness. It was first described during his research paper "MACD Leader" where he applied this to the MACD to improve its signals and remove its lagging issue. This filter uses his leading MACD's "modified EMA" and can be used as a zero lag filter.
Linear Regression Value - LSMA ( Least Squares Moving Average )
LSMA as a Moving Average is based on plotting the end point of the linear regression line. It compares the current value to the prior value and a determination is made of a possible trend, eg. the linear regression line is pointing up or down.
Linear Weighted Moving Average - LWMA
LWMA reacts to price quicker than the SMA and EMA . Although it's similar to the Simple Moving Average , the difference is that a weight coefficient is multiplied to the price which means the most recent price has the highest weighting, and each prior price has progressively less weight. The weights drop in a linear fashion.
McGinley Dynamic
John McGinley created this Moving Average to track prices better than traditional Moving Averages. It does this by incorporating an automatic adjustment factor into its formula, which speeds (or slows) the indicator in trending, or ranging, markets.
McNicholl EMA
Dennis McNicholl developed this Moving Average to use as his center line for his "Better Bollinger Bands" indicator and was successful because it responded better to volatility changes over the standard SMA and managed to avoid common whipsaws.
Non-lag moving average
The Non Lag Moving average follows price closely and gives very quick signals as well as early signals of price change. As a standalone Moving Average, it should not be used on its own, but as an additional confluence tool for early signals.
Ocean NMA Moving Average - ONMAMA
Created by Jim Sloman, the NMA is a moving average that automatically adjusts to volatility without being programmed to do so. For more info, read his guide "Ocean Theory, an Introduction"
Parabolic Weighted Moving Average
The Parabolic Weighted Moving Average is a variation of the Linear Weighted Moving Average . The Linear Weighted Moving Average calculates the average by assigning different weights to each element in its calculation. The Parabolic Weighted Moving Average is a variation that allows weights to be changed to form a parabolic curve. It is done simply by using the Power parameter of this indicator.
Probability Density Function Moving Average - PDFMA
Probability density function based MA is a sort of weighted moving average that uses probability density function to calculate the weights. By its nature it is similar to a lot of digital filters.
Quadratic Regression Moving Average - QRMA
A quadratic regression is the process of finding the equation of the parabola that best fits a set of data. This moving average is an obscure concept that was posted to Forex forums in around 2008.
Regularized EMA - REMA
The regularized exponential moving average (REMA) by Chris Satchwell is a variation on the EMA (see Exponential Moving Average ) designed to be smoother but not introduce too much extra lag.
Range Weighted EMA - RWEMA
This indicator is a variation of the range weighted EMA . The variation comes from a possible need to make that indicator a bit less "noisy" when it comes to slope changes. The method used for calculating this variation is the method described by Lee Leibfarth in his article "Trading With An Adaptive Price Zone".
Recursive Moving Trendline
Dennis Meyers's Recursive Moving Trendline uses a recursive (repeated application of a rule) polynomial fit, a technique that uses a small number of past values estimations of price and today's price to predict tomorrow's price.
Simple Decycler - SDEC
The Ehlers Simple Decycler study is a virtually zero-lag technical indicator proposed by John F. Ehlers . The original idea behind this study (and several others created by John F. Ehlers ) is that market data can be considered a continuum of cycle periods with different cycle amplitudes. Thus, trending periods can be considered segments of longer cycles, or, in other words, low-frequency segments. Applying the right filter might help identify these segments.
Simple Loxx Moving Average - SLMA
A three stage moving average combining an adaptive EMA , a Kalman Filter, and a Kauffman adaptive filter.
Simple Moving Average - SMA
The SMA calculates the average of a range of prices by adding recent prices and then dividing that figure by the number of time periods in the calculation average. It is the most basic Moving Average which is seen as a reliable tool for starting off with Moving Average studies. As reliable as it may be, the basic moving average will work better when it's enhanced into an EMA .
Sine Weighted Moving Average
The Sine Weighted Moving Average assigns the most weight at the middle of the data set. It does this by weighting from the first half of a Sine Wave Cycle and the most weighting is given to the data in the middle of that data set. The Sine WMA closely resembles the TMA (Triangular Moving Average).
Smoothed LWMA - SLWMA
A smoothed version of the LWMA
Smoothed Moving Average - SMMA
The Smoothed Moving Average is similar to the Simple Moving Average ( SMA ), but aims to reduce noise rather than reduce lag. SMMA takes all prices into account and uses a long lookback period. Due to this, it's seen as an accurate yet laggy Moving Average.
Smoother
The Smoother filter is a faster-reacting smoothing technique which generates considerably less lag than the SMMA ( Smoothed Moving Average ). It gives earlier signals but can also create false signals due to its earlier reactions. This filter is sometimes wrongly mistaken for the superior Jurik Smoothing algorithm.
Super Smoother
The Super Smoother filter uses John Ehlers’s “Super Smoother” which consists of a Two pole Butterworth filter combined with a 2-bar SMA ( Simple Moving Average ) that suppresses the 22050 Hz Nyquist frequency: A characteristic of a sampler, which converts a continuous function or signal into a discrete sequence.
Three-pole Ehlers Butterworth
The 3 pole Ehlers Butterworth (as well as the Two pole Butterworth) are both superior alternatives to the EMA and SMA . They aim at producing less lag whilst maintaining accuracy. The 2 pole filter will give you a better approximation for price, whereas the 3 pole filter has superior smoothing.
Three-pole Ehlers Smoother
The 3 pole Ehlers smoother works almost as close to price as the above mentioned 3 Pole Ehlers Butterworth. It acts as a strong baseline for signals but removes some noise. Side by side, it hardly differs from the Three Pole Ehlers Butterworth but when examined closely, it has better overshoot reduction compared to the 3 pole Ehlers Butterworth.
Triangular Moving Average - TMA
The TMA is similar to the EMA but uses a different weighting scheme. Exponential and weighted Moving Averages will assign weight to the most recent price data. Simple moving averages will assign the weight equally across all the price data. With a TMA (Triangular Moving Average), it is double smoother (averaged twice) so the majority of the weight is assigned to the middle portion of the data.
Triple Exponential Moving Average - TEMA
The TEMA uses multiple EMA calculations as well as subtracting lag to create a tool which can be used for scalping pullbacks. As it follows price closely, its signals are considered very noisy and should only be used in extremely fast-paced trading conditions.
Two-pole Ehlers Butterworth
The 2 pole Ehlers Butterworth (as well as the three pole Butterworth mentioned above) is another filter that cuts out the noise and follows the price closely. The 2 pole is seen as a faster, leading filter over the 3 pole and follows price a bit more closely. Analysts will utilize both a 2 pole and a 3 pole Butterworth on the same chart using the same period, but having both on chart allows its crosses to be traded.
Two-pole Ehlers Smoother
A smoother version of the Two pole Ehlers Butterworth. This filter is the faster version out of the 3 pole Ehlers Butterworth. It does a decent job at cutting out market noise whilst emphasizing a closer following to price over the 3 pole Ehlers .
Variable Index Dynamic Average - VIDYA
Variable Index Dynamic Average Technical Indicator ( VIDYA ) was developed by Tushar Chande. It is an original method of calculating the Exponential Moving Average ( EMA ) with the dynamically changing period of averaging.
Variable Moving Average - VMA
The Variable Moving Average (VMA) is a study that uses an Exponential Moving Average being able to automatically adjust its smoothing factor according to the market volatility .
Volume Weighted EMA - VEMA
An EMA that uses a volume and price weighted calculation instead of the standard price input.
Volume Weighted Moving Average - VWMA
A Volume Weighted Moving Average is a moving average where more weight is given to bars with heavy volume than with light volume . Thus the value of the moving average will be closer to where most trading actually happened than it otherwise would be without being volume weighted.
Zero-Lag DEMA - Zero Lag Double Exponential Moving Average
John Ehlers's Zero Lag DEMA's aim is to eliminate the inherent lag associated with all trend following indicators which average a price over time. Because this is a Double Exponential Moving Average with Zero Lag, it has a tendency to overshoot and create a lot of false signals for swing trading. It can however be used for quick scalping or as a secondary indicator for confluence.
Zero-Lag Moving Average
The Zero Lag Moving Average is described by its creator, John Ehlers , as a Moving Average with absolutely no delay. And it's for this reason that this filter will cause a lot of abrupt signals which will not be ideal for medium to long-term traders. This filter is designed to follow price as close as possible whilst de-lagging data instead of basing it on regular data. The way this is done is by attempting to remove the cumulative effect of the Moving Average.
Zero-Lag TEMA - Zero Lag Triple Exponential Moving Average
Just like the Zero Lag DEMA , this filter will give you the fastest signals out of all the Zero Lag Moving Averages. This is useful for scalping but dangerous for medium to long-term traders, especially during market Volatility and news events. Having no lag, this filter also has no smoothing in its signals and can cause some very bizarre behavior when applied to certain indicators.
Requirements
Inputs
Confirmation 1 and Solo Confirmation: GKD-V Volatility / Volume indicator
Confirmation 2: GKD-C Confirmation indicator
Outputs
Confirmation 2 and Solo Confirmation Complex: GKD-E Exit indicator
Confirmation 1: GKD-C Confirmation indicator
Continuation: GKD-E Exit indicator
Solo Confirmation Simple: GKD-BT Backtest strategy
Additional features will be added in future releases.
PATIThis indicator is part of our educational suite focused on teaching price structure, momentum, and mean reversion trading strategies for intraday trading. Our team has selected this set of tools and metrics, which define our trading style and serve as the foundation for our teaching, to be included in this indicator. We are displaying each component in a way we believe is helpful to their understanding which also provides a clean, comprehensive look.
This indicator is for Intraday Trading
Our Traders most commonly use this indicator on the 1,3 or 5 minute chart.
Components of this Indicator:
Multiple VWAP Levels: monthly, weekly, standard (anchored to the right of price)
Dynamically Anchored VWAP Cloud (trend tool)
13 EMA (trend tool)
Structural Orderblocks
Multi-Timeframe Fair Value Gap detection
Key Daily Price Levels (anchored to the right of price)
Customizable Opening Range (anchored to the right of price)
15 minute “Golden Zone” (shows the .5-.618 zone of the previous 15m candle)
ADR (Average Daily Range)
A4R (Average 4hr Range)
These tools are used in conjunction with the education we provide to help our users determine their optimal trade plan to utilize their edge.
Specific Functionalities and Uses:
Monthly-VWAP & Weekly-VWAP (M-VWAP/W-VWAP):
VWAP = “Volume Weighted Average Price”
These levels provide probable zones where price may mean revert and risk should be taken off/ put on. We have anchored these to the right-hand side of your chart by default to minimize the noise on your chart.
Average Daily Range (ADR): The Average Daily Range is a technical indicator used to measure the volatility of an asset. It displays how much an instrument can move on average during a given day. The significance is that each market has a unique range that is likely to be covered on any given day.
Average 4hr Range (A4R): The Average 4hr Range is a technical indicator used to measure the volatility of an asset twice in a single session. It displays how much an instrument can move on average during a session and is measured twice in a day. Calculating a smaller volatility range may seem strange at first but can be a huge advantage by analyzing the volatility of the intraday action, giving you average price targets based on more recent market data.
Tip: When used in conjunction with key support and resistance levels, ADR & A4R can be a huge edge to traders to determine where to push/pull risk.
Opening Range: The open often establishes the trend and sentiment for the day, but there is also statistical significance to the open that is overlooked. Statistically, on average, the open is near the high or low of the day and offers plenty of opportunities to build trading strategies. The chart below provides some potential trades that could be taken once the opening range has been established.
Dynamically Anchored VWAP Cloud: Our dynamically anchored VWAP cloud tracks the most recent impulsive move and re-anchors to show you potential bounce points in a trend. We re-anchor at each structural shift to give the most probable targets for buyers/sellers to defend their positions to continue the current trend push.
By utilizing the re-anchoring at each significant structural inflection point, we can establish a much less lagging trend following technique.
We have also included the feature to substitute this cloud for a 34/55 EMA cloud for the traders already familiar with that system.
The chart below provides potential trades that could be taken using the VWAP cloud system.
FVGS (Fair Value Gaps/ Imbalances): These areas represent potential buy/sell side liquidity imbalances where price is pushed aggressively, sweeping the orderbook and will likely return to “fix” the structure before continuing. Below is an example of 3 possible trade paths we look for inside these structural imbalances.
Structural Orderblocks:
These areas are based on structural pivots that have been pushed out of with aggression determined by subsequent structural breaks to confirm their validity. Because of this, when price returns to these areas we can anticipate this area to be defended.
The blue boxes track Orderblocks. These highlight instances of past participation which create areas likely to be defended again when retested.
Swing High/Low/Previous:
We use swing high and lows as points of short-term support and resistance, a break of these levels can signify a shift in market sentiment.
-The dashed green line shows the previous structural swing high or low pivot point.
-The solid green lines show the high and low in our current trading structure.
Note: Displaying the previous swing can provide us with context of the current market trend, and will assist us make better decisions.
15 Minute Golden Zone:
Displayed as a gray box, it tracks the .5-.618 of the previous 15m candle and gives us an area where we look for short-term resistance/support on smaller time frame price action. This area can be viewed as an equilibrium of the current range. If the price can hold this area, it can show a likely support area for continuation.
13 EMA:
This is the choice length ema of our traders, they use this ema to confirm (short-term) trend direction and reference it for a common bounce point for re-entries. Our traders consider this as a crucial point to speculate reversals and break of short-term trends.
Note: Typically in a trend we see the price hold to one side of this ema, by looking for this characteristic, it brings confidence to staying in trades.
Please check the Author Instructions Below for how to gain access to our indicators.
[astropark] Trend Skywalker V2 [alarms]Dear Followers,
today I'm glad to present you Trend Skywalker V2 , the evolution of Trend Skywalker V1 indicator that you can see here below:
This indicator works on every timeframe and market, it's quite responsive to market movements, so it's especially good on volatile markets.
In this new version you have 3 trend clouds available :
a short-term one (yellow)
a mid-term one (green)
a long-term one (blue)
You can also enable an option to show all trend clouds as one, the result will be similar to a special bollinger bands tool.
Of course you can edit trend clouds analysis period and color, also you can turn on or off the cloud that you prefer.
The indicator can run 4 different kinds of strategy : one for each trend cloud individually or a mixed one.
Also the indicator tracks for you a peak profit from entry: this tracker is a suggestion for you to take profits while price goes up!
All red-green circles you see in the chart is a reminder that a peak profit label was there in the past: what does this tell you?
if price starts losing the short-term trend and you had a lot of TP suggestions, maybe trend ended and you should start consider closing your trade before you give back all your profit.
This indicator will let you set alerts on each buy/sell/close/tp label.
For backtesting, you can use the indicator here below:
This is a premium indicator , so send me a private message in order to get access to this script.
[astropark] Trend Skywalker V2 [strategy]Dear Followers,
today I'm glad to present you Trend Skywalker V2 , the evolution of Trend Skywalker V1 indicator that you can see here below:
This indicator works on every timeframe and market, it's quite responsive to market movements, so it's especially good on volatile markets.
In this new version you have 3 trend clouds available :
a short-term one (yellow)
a mid-term one (green)
a long-term one (blue)
You can also enable an option to show all trend clouds as one, the result will be similar to a special bollinger bands tool.
Of course you can edit trend clouds analysis period and color, also you can turn on or off the cloud that you prefer.
The indicator can run 4 different kinds of strategy : one for each trend cloud individually or a mixed one.
Also the indicator tracks for you a peak profit from entry: this tracker is a suggestion for you to take profits while price goes up!
All red-green circles you see in the chart is a reminder that a peak profit label was there in the past: what does this tell you?
if price starts losing the short-term trend and you had a lot of TP suggestions, maybe trend ended and you should start consider closing your trade before you give back all your profit.
On backtesting you can you test long and short setups individually or both, as well as performance in a specific time window.
This is a premium indicator , so send me a private message in order to get access to this script.
Self-Optimising MACD (Experimental)Hi guys, just thought I'd share a small part of an idea i've been working on.
One of the biggest problems with algo trading is optimisation and finding a way to constantly adapt to the market conditions as time unfolds.
First of all... You should NEVER EVER trade just using a MACD, including this study, and I only produced this script in a small amount of time, so make sure you backtest it properly before using it. When backtesting, it is my advice that your sample size should be at least 5000 trades, but I recommend 10000 in order to get sufficient statistical significance.
Also, I am not a financial advisor, and any trading based decisions are your sole responsibility.
Anyways...
This script is simple... it simply uses 4 different MACD's and tracks their profit/loss and automatically uses the one with the most historical profit at any given time to execute a trade. The type of MACD will obviously change as market states fluctuate.
Included are : Hull MACD, Ema MACD, Sma MACD and VWMA Macd.
You can adjust all four of their settings to your desire.
The trade execution is simple and definitely flawed... it simply tracks the MACD when it has a crossover for long, and then the opposite for short.
The green line represents the performance of the top MACD for Longs at any given time. This line refreshes once a year, and where it is in relation to price, reflects how profitable it has been I.e - the higher it is the better.
The Red line represents the performance on the Short side, and again, it reflects profit/loss, but this time the LOWER the line is in relation to price the better.
There is no exit strategy in place! This is why I do NOT recommend trading off this script alone, but to use it as a tool to help optimise your choice of MACD.
However, your exit strategy could change your optimal choice of MACD, so keep that in mind.
The lookback period represents how far the script will track the performance at any given time. This will change your results. The longer the period, the more it will show long term success and vice versa.
This optimisation process could be done with different indicators, moving averages, or even multiple strategies to find the most statistically viable option at any given time... if you wish to have this process coded into your strategies or indicators, message me.
Enjoy.
Session High and Session LowI have heard many people ask for a script that will identify the high and low of a specific session. So, I made one.
Important Note: This indicator has to be set up properly or you will get an error. Important things to note are the length of the range and the session definition. The idea is that you would set it up for what's relevant to your trading. Going too far back in the chart history will cause errors. Setting the session for a time that is not on the chart can cause errors. If you set it to look farther back than there are bars to display, you may get an error. What I've found is that if you get an error, you just need to change the settings to reflect available data and it will be able to compile the script. At the time of its publishing, the default range start is set to 10/01/2020. If you're looking at this years later, you'll probably have to set the range to something more recent.
Features:
Plot or Lines:
Using Plot (displayed), the indicator will track the high/low from the end of the session into the next session. Then at the start of the next session, it will start tracking the high/low of that session until its end, then track that high/low until the start of the next session then reset.
Using lines, it will extend horizontal lines to the right indefinitely. The number of sessions back that the lines apply to is a user-defined number of sessions. There are limits to the number of lines that can be cast on a chart (roughly 40-50). So, the maximum number of sessions you can apply the lines to is the last 21 sessions (42 lines total). That gets really noisy though so I can't imagine that is a limiting factor.
Colors:
You can change the background color and its transparency, as well as turn the background color on or off.
You can change the highs and lows colors
You can adjust the line width to your preference
Session Length:
You can use a continuous session covering any user-defined period (provided its not tooooo many candles back)
You can define the session length for intraday
You can exclude weekends
Display Options:
You can adjust the colors, transparency, and linewidth
You can display the plotline or horizontal lines
You can show/hide the background color.
You can change how many sessions back the horizontal lines will track
Let me know if there's anything this script is missing or if you run into any issues that I might be able to help resolve.
Here's what it looks like with Lines for the last 5 sessions and different background color.
™TʀᴀᴅᴇCʜᴀʀᴛɪsᴛ Tʀᴇɴᴅsᴇᴛᴛᴇʀ™TradeChartist Trendsetter is an elegantly designed functional indicator that helps spot price trends based on user input and volatility to generate high probability BUY and SELL signals.
1. What does ™TradeChartist Trendsetter do?
Plots high probability BUY/SELL signals based on user input and price volatility.
Plots recommended Stop Loss and SOS signals.
Plots regular RSI divergences based on user input.
Plots Linear Regression trend lines based on user input.
Displays Trendsetter Dashboard with useful trade information.
Displays real time gains tracker.
Tracks another symbol on Dashboard based on user input.
Alerts when BUY and SELL signals are generated.
2. What markets can this indicator be used on?
Forex
Stocks - Signal prices calculated taking gaps into account.
Commodities
Cryptocurrencies
and almost any asset on Trading View.
Works really well when there is good volume, volatility or both in the asset traded/observed.
3. Do the indicator signals repaint?
No. Once the BUY and SELL signals are generated with entry price (open price of signal candle), there is no repainting.
This can be verified using Trading View Bar Replay to check if the signals stay in the same candle in real-time as the Bar Replay.
4. Does the indicator send alerts when a signal is generated?
Yes. Traders can get alerts by setting up Trading View alerts for BUY/SELL signals. For confirmed BUY/SELL alerts, 'Once Per Bar' must be used as there is no need to wait for the candle close.
Example Charts
GBP-USD 1hr chart with indicator plots description
GOLD 4hr chart using Daily HTF resolution from indicator settings.
SPX 15m chart using Daily HTF resolution with RSI divergences.
Note: Default settings work really well for most assets and time frames. Change HTF resolution (default 4hr) from indicator settings and make sure it is higher time frame than the chart resolution.
PpSignal Multi-Day VWAPThank to @mortdiggiddy
original script:
Chart the multi-day Volume Weighted Average Price ( VWAP ). Normally, the VWAP is tracked for the current day, from the first bar of the day (regular or extended session). The VWAP shows the current value of:
-> sum(hlc3 * volume , barsForDay) / sum( volume , barsForDay),
-> where 'barsForDay' is the total number bars that have elapsed during the day for the chart interval.
The multi-day version tracks the VWAP for N days back, by averaging the previous N - 1 day bars VWAP and the current VWAP for the current bar (chart interval).
This is very different that simply using a volume weighted moving average , since the closing VWAP values are used for the historical day bars. The results are interesting for intraday trades... especially for values of 1, 2, 3, 4, 5 ....to 21 days.
GrowingVip-MME=5x1EMAS strategy to define trends, inputs and outputs correctly
1 ° EMA 5 serves to define aggressive entry or exit to the market.
at the time of crossing EMA 5 with EMA 12 up, or vice versa ...
Scalping tracking in short T 15 Min. 5 Min
2nd EMA 12 confirms entry in the short term when crossing with the fast EMA 36.
EMA 12 is indicating the price tracking. Both for Entry or Exit. Combination EMA 12/36.
3 ° EMA 36 defines as the basis or support of the price action.
Sitting EMA 12 on the EMA 36 ..
For more information, ask us.
Multi-Day VWAP V2Updated from V1.
Chart the multi-day Volume Weighted Average Price ( VWAP ). Normally, the VWAP is tracked for the current day, from the first bar of the day (regular or extended session). The VWAP shows the current value of:
-> sum(hlc3 * volume , barsForDay) / sum( volume , barsForDay),
-> where 'barsForDay' is the total number bars that have elapsed during the day for the chart interval.
The multi-day version tracks the VWAP for N days back, by averaging the previous N - 1 day bars VWAP and the current VWAP for the current bar (chart interval).
This is very different that simply using a volume weighted moving average , since the closing VWAP values are used for the historical day bars. The results are interesting for intraday trades... especially for values of 1, 2, 3, 4, and 5 days.
Version 2 includes the closing VWAP for the previous day. There are enough instances where the price chooses to bounce from the previous day's closing VWAP value that it is worth discussing. Usually this value is at or near the daily pivot, but sometimes not. Circled in the chart are some areas of recent SPY bounces on the previous day's closing VWAP.
It seems that when the 5-Day VWAP and normal VWAP have "enough" percentage separation, that there can be good intraday swing opportunities using bounces off VWAP indicators. This is similar to waiting for Hourly/Daily/Weekly/Monthly/etc pivots to have "enough" separation to allow for swing setups. When pivots are "closely" spaced, odds are the price is range bound for the time period (daily range in the case of day pivots, etc).
Previous closing VWAPs can be plotted for all 5 of the original. As with my other scripts, I welcome all comments to spark new ideas that we can all benefit from.
Enjoy.
Multi-Day VWAP
Chart the multi-day Volume Weighted Average Price ( VWAP ). Normally, the VWAP is tracked for the current day, from the first bar of the day (regular or extended session). The VWAP shows the current value of:
-> sum(hlc3 * volume , barsForDay) / sum( volume , barsForDay),
-> where 'barsForDay' is the total number bars that have elapsed during the day for the chart interval.
The multi-day version tracks the VWAP for N days back, by averaging the previous N - 1 day bars VWAP and the current VWAP for the current bar (chart interval).
This is very different that simply using a volume weighted moving average , since the closing VWAP values are used for the historical day bars. The results are interesting for intraday trades... especially for values of 1, 2, 3, 4, and 5 days.
Enjoy.
RS Stock + Chart Pattern Pine ScreenerThis script is a comprehensive stock screener & pattern detector based on Mark Minervini’s Trend Template, enhanced with breakout detection, range tightening indicator (RTI), ATH tracking, and flag pattern recognition. It’s designed to help traders quickly identify high-potential trend setups on any timeframe.
🔑 Features
✅ Minervini Trend Template (8 Core Rules)
Implements the well-known Minervini checklist used by top momentum traders:
Price above the 150 & 200 SMA
150 SMA above 200 SMA
200 SMA trending up for at least 1 month
50 SMA above both 150 & 200 SMA
Price above 50 SMA
Price at least 25% above 52-week low≈
Price within 25% of 52-week high
RS Rating (relative strength) above 70
📉 Range Tightening Indicator (RTI)
Detects volatility contractions that often precede explosive moves.
📈 Breakout & Breakdown Finder
Detects pivot breakouts and breakdowns using highs/lows tests.
🏆 All-Time High Tracker
Find the stock’s all-time high (ATH).
🚩 Bull & Bear Flag Detection
Identifies bullish and bearish flag patterns based on pole strength, pullback depth, and consolidation length.
Automatically find the flags on your screener.
Globex Overnight Futures ORB with FIB's by TenAMTrader📌 Globex Overnight Futures ORB with FIB’s – by TenAMTrader
This indicator is designed for futures traders who want to track the Globex Overnight Opening Range (ORB) and apply Fibonacci projections to anticipate potential support/resistance zones. It’s especially useful for traders who follow overnight sessions (such as ES, NQ, CL) and want to map out key levels before the U.S. regular session begins.
⚙️ How It Works
Primary Range (ORB):
You define a start and end time (default set to 18:00 – 18:15 EST). During this period, the script tracks the session high, low, and midpoint.
Opening Range Plots:
High Line (green)
Low Line (red)
Midpoint Line (yellow)
A shaded cloud between High–Mid and Mid–Low for easy visualization.
Fibonacci Projections:
Once the ORB is complete, the script calculates a full suite of Fibonacci retracements and extensions (e.g., 0.236, 0.382, 0.618, 1.0, 1.618, 2.0).
Standard key levels (0.618, 0.786, 1.0, etc.) are always shown if enabled.
Optional extended levels (1.236, 1.382, 1.5, 2.0, etc.) can be toggled on/off.
"Between Range" fibs (such as 0.382 and 0.618 inside the ORB) are also available for traders who like intra-range precision.
🔧 User Settings
Time Inputs: Choose your ORB start/end time.
Color Controls: Customize high, low, midpoint, and fib line colors.
Display Toggles: Turn on/off High, Low, Midpoint lines and Fibonacci projections.
Fib Extensions Toggle: Decide whether to show only major fibs or all extensions.
Alerts (Optional): Alerts can be set for crossing the ORB High, Low, or Midpoint.
📊 Practical Use Cases
Breakout Traders: Use the ORB high/low as breakout triggers.
Mean Reversion Traders: Watch for rejections near fib extension levels.
Overnight Futures Monitoring: Track Globex behavior to prepare for RTH open.
Risk Management: ORB and Fib levels make for natural stop/target placement zones.
⚠️ Disclaimer
This indicator is provided for educational and informational purposes only. It does not constitute financial advice, investment advice, or trading recommendations. Trading futures involves substantial risk of loss and may not be suitable for all investors. Always do your own due diligence and consult with a licensed financial professional before making trading decisions.
200 EMA w/ Ticker Memory200 EMA w/ Ticker Memory — Multi-Symbol & Multi-Timeframe EMA Tracker with Alerts
Overview
The 200 EMA w/ Ticker Memory indicator allows you to monitor the 200-period Exponential Moving Average (EMA) across multiple symbols and timeframes. Designed for traders managing multiple tickers, it provides customizable timeframe inputs per symbol and instant alerts on price touches of the 200 EMA.
Key Features
Multi-symbol support: Configure up to 20 different symbols, each with its own timeframe setting.
Flexible timeframe input: Assign specific timeframes per symbol or use a default timeframe fallback.
Accurate 200 EMA calculation: Uses request.security to fetch 200 EMA from the symbol-specific timeframe.
Visual EMA plots: Displays both the EMA on the selected timeframe and the EMA on the current chart timeframe for comparison.
Touch alerts: Configurable alerts when price “touches” the 200 EMA within a user-defined sensitivity percentage.
Ticker memory: Remembers your configured symbols and displays them in an on-chart table.
Compact info table: Displays current symbol status, alert settings, and timeframe in a clean, transparent table overlay.
How to Use
Configure Symbols and Timeframes:
Input your desired symbols (up to 20) and their respective timeframes under the “Symbol Settings” groups in the indicator’s settings pane.
Set Default Timeframe:
Choose a default timeframe to be used when no specific timeframe is assigned for a symbol.
Adjust Alert Settings:
Enable or disable alerts and set the touch sensitivity (% distance from EMA to trigger alerts).
Alerts
Alerts trigger once per bar when the price touches the 200 EMA within the defined sensitivity threshold.
Alert messages include:
Symbol / Current price / EMA value / EMA timeframe used / Chart timeframe / Timestamp
Customization
200 EMA Color: Change the line color for better visibility.
Touch Sensitivity: Fine-tune how close price must be to the EMA to count as a touch (default 0.1%).
Enable Touch Alerts: Turn on/off alert notifications easily.
For:
- Swing traders monitoring multiple stocks or assets.
- Day traders watching key EMA levels on different timeframes.
- Analysts requiring a quick visual and alert system for 200 EMA touches.
- Portfolio managers tracking key technical levels across various securities.
Limitations
Supports up to 20 configured symbols (can be extended manually if needed).
Works best on charts with reasonable bar frequency due to request.security usage.
Alert frequency is limited to once per bar for clarity.
Disclaimer
This indicator is provided “as-is” for educational and informational purposes only. It does not guarantee trading success or financial gain.
Angle Market Structure [BigBeluga]🔵 OVERVIEW
Angle Market Structure is a smart pivot-based tool that dynamically adapts to price action by accelerating breakout and breakdown detection. It draws market structure levels based on pivot highs/lows and gradually adjusts those levels closer to price using an angle threshold. Upon breakout, the indicator projects deviation zones with labeled levels (+1, +2, +3 or −1, −2, −3) to track price extension beyond structure.
🔵 CONCEPTS
Adaptive Market Structure: Uses pivots to define structure levels, which dynamically angle closer to price over time to capture breakouts sooner.
Breakout Acceleration: Pivot high levels decrease and pivot low levels increase each bar using a user-defined angle (based on ATR), improving reactivity.
Deviation Zones: Once a breakout or breakdown occurs, 3 deviation levels are projected to show how far price extends beyond the breakout point.
Count Labels: Each successful structure break is numbered sequentially, giving traders insight into momentum and trend persistence.
Visual Clarity: The script uses colored pivot points, trend lines, and extension labels for easy structural interpretation.
🔵 FEATURES
Calculates pivot highs and lows using a customizable length.
Applies an angle modifier (ATR-based) to gradually pull levels closer to price.
Plots breakout and breakdown lines in distinct colors with automatic extension.
Shows deviation zones (+1, +2, +3 or −1, −2, −3) after breakout with customizable size.
Color-coded labels for trend break count (bullish or bearish).
Dynamic label sizing and theme-aware colors.
Smart label positioning to avoid chart clutter.
Built-in limit for deviation zones to maintain clarity and performance.
🔵 HOW TO USE
Use pivot-based market structure to identify breakout and breakdown zones.
Watch for crossover (up) or crossunder (down) events as trend continuation or reversal signals.
Observe +1/+2/+3 or -1/-2/-3 levels for overextension opportunities or trailing stop ideas.
Use breakout count as a proxy for trend strength—multiple counts suggest momentum.
Combine with volume or order flow tools for higher confidence entries at breakout points.
Adjust the angle setting to fine-tune sensitivity based on market volatility.
🔵 CONCLUSION
Angle Market Structure enhances traditional pivot-based analysis by introducing breakout acceleration and structured deviation tracking. It’s a powerful tool for traders seeking a cleaner, faster read on market structure and momentum strength—especially during impulsive price moves or structural transitions.
Efficient Candle Range (ECR)Efficient Candle Range (ECR)
A custom-built concept designed to detect zones of efficient price movement, often signaling the start, pause, or end of an implied move.
What is the Efficient Candle Range?
The Efficient Candle Range (ECR) is a unique tool that identifies price zones based on efficient candles—candles with relatively small bodies and balanced wicks. These candles reflect balanced or orderly price action, and when grouped into a range, they can reveal areas of temporary equilibrium in the market.
Rather than focusing on single candles, ECR builds a range that dynamically adjusts as new efficient candles form. This gives traders an objective way to track potential areas of absorption, distribution, or transition.
Why use ECR?
Efficient candles often occur:
At the beginning of a new move, after a liquidity sweep or shift in sentiment
At the end of a strong move, as momentum fades
Within consolidation zones, where price trades in a balanced, indecisive state
While ECRs can appear in any market condition, their interpretation depends on context:
In a range, an ECR might just reflect sideways balance.
But after a sweep or breakout, it could signal a potential shift in direction or continuation.
A close outside the ECR often marks the end of that balance and the start of a new impulse.
How it works
The script detects efficient candles based on body-to-range ratio and wick symmetry.
Consecutive ECs are grouped into a live ECR box.
The box dynamically extends as long as price stays inside the high-low range.
Once a candle closes outside, the ECR is considered invalid (fades visually, but remains visible for reference).
Each active range is labeled "ECR" within the box for easy tracking.
Customizable in settings
Max body percentage of range
Max wick imbalance
Box and label color/transparency
Suggested usage
Let the ECR define your observation zone.
Instead of reacting immediately to an efficient candle, wait for a confirmed breakout from the ECR to validate the next move.
Whether you trade breakouts, reversals, or continuation setups, ECR provides an objective way to visualize price balance and understand when the market is likely to expand.
Designed for individual traders looking to build structure around efficient price movement — no specific methodology required.
Intra Bullish Strategy - Profit Ping v4.0ProfitPing 4.0 is a high-precision intraday swing trading strategy designed for global equity markets, including the US, South Africa, and Australia. The system identifies high-probability BUY and EXIT signals using a confluence of technical indicators and real-time volume dynamics.
🧠 Key Features:
Dual EMA Crossover (7 & 14) for short-term trend confirmation
Volume Spike Detection based on 20-period moving average
RSI Momentum Filter (ideal zone: 55–65) to avoid overbought entries
MACD Histogram & Signal Line Sync for trend momentum validation
Candlestick Pattern Filtering (e.g. bullish engulfing, flags, breakout candles)
Multi-Timeframe Confirmation (optional) for intraday trend alignment
Dynamic Risk-to-Reward Logic built into alert framework
Webhook-compatible JSON alerts for automation to Google Sheets, Power BI, and IBKR
🛠️ Alert System:
BUY alert triggers when all bullish conditions align
EXIT alert triggers only if a previous BUY exists for that ticker
Trade status is updated live in Google Sheets and integrated with Power BI dashboards
Orphaned EXITs (no matched BUY) are tracked separately for accuracy review
🔄 Ideal For:
Traders seeking 1:2 to 1:5 risk/reward setups
Automation-focused workflows (via TradingView → Google Sheets → Power BI)
Swing traders wanting clean visual logs, automated P&L tracking, and optional IBKR execution
Clarix 5m Scalping Breakout StrategyPurpose
A 5-minute scalping breakout strategy designed to capture fast 3-5 pip moves, using premium/discount zone filters and market bias conditions.
How It Works
The script monitors price action in 5-minute intervals, forming a 15-minute high and low range by tracking the highs and lows of the first 3 consecutive 5-minute candles starting from a custom time. In the next 3 candles, it waits for a breakout above the 15m high or below the 15m low while confirming market bias using custom equilibrium zones.
Buy signals trigger when price breaks the 15m high while in a discount zone
Sell signals trigger when price breaks the 15m low while in a premium zone
The strategy simulates trades with fixed 3-5 pip take profit and stop loss values (configurable). All trades are recorded in a backtest table with live trade results and an automatically updated win rate.
Features
Designed exclusively for the 5-minute timeframe
Custom 15-minute high/low breakout logic
Premium, Discount, and Equilibrium zone display
Built-in backtest tracker with live trade results, statistics, and win rate
Customizable start time, take profit, and stop loss settings
Real-time alerts on breakout signals
Visual markers for trade entries and failed trades
Consistent win rate exceeding 90–95% on average when following market conditions
Usage Tips
Use strictly on 5-minute charts for accurate signal performance. Avoid during high-impact news releases.
Important: Once a trade is opened, manually set your take profit at +3 to +5 pips immediately to secure the move, as these quick scalps often hit the target within a single candle. This prevents missed exits during rapid price action.
