Trend Direction Sequence | Auto-Multi-TimeframeThe main benefit of this indicator is the ability to see multiple higher timeframes at ones to get a better overview of signals that could mark possible trend reversals with more weight than those on the selected timeframe. Since the higher timeframes are calculated automatically, the user needs to set a Period Multiplier that multiplies the selected timeframe several times to determine the higher timeframes. Equal periods are filtered out. And the current highest timeframe is capped at 1 year by TradingView.
It is possible to alter the sequence Count Limit and the underlying Wavelength. The Wavelength defines the distance between the starting and ending candle. This builds the minimum condition to find a trend. A longer Wavelength means that the distortions between the start and end candle can be bigger, so it can become easier to find a trending sequence. But be careful not to set the length too high as this could mean that the resulting sequence does not really represent a trend anymore. The Count Limit defines the completion of a trending sequence. A higher number makes it more difficult to find a completed sequence, but also makes the result more reliable. If the Wavelength is changed, the Count Limit should be adjusted accordingly.
There is also a qualifier for the completion of a sequence. A completed sequence only will be labeled on the chart, if it is proved that the lowest low/highest high of the last two candlesticks of a period is lower/higher than that of the previous two candlesticks. It does not require the trend to be continuous on the last candlestick. On the contrary, a trend shift may already have begun.
By default, the labeling of completed sequences will appear on the highs and lows of the specific periods. Because the higher periods will take time and several candlesticks to appear, the labels will be redrawn accordingly. As an option it is possible to disable the Count Limit for completed sequences so that the labels will be fluently redrawn until the corresponding sequences are interrupted by trend breaks. Only activate this option, if it can serve a plausible strategy.
The count status of all sequences in the specific timeframe periods is listed in a table. Also the results of the trends in higher timeframes are accumulated and combined into an overall trend. Positive trends are counted as positive, negative in the opposite case. To see the resulting Trend Shift Signals, the user can set a filter under 100% so that not all of them will be filtered out and therefore labeled on the chart (this signals cannot be redrawn). An “External Indicator Analysis Overlay” can be used to analyze the profitability with the provided Trend Shift Signal (TSS) which switches from 0 to 1, if the trend becomes positive or from 0 to -1, if the trend becomes negative.
Cerca negli script per "trend"
Market Flow Trend Lines & Liquidity [LuxAlgo]The Market Flow Trend Lines & Liquidity indicator is a script that aims to automate key insights such as trend lines, liquidity zones, opening ranges, & gaps on the chart. The aim of this script is to provide a functional breakout trader toolkit with various familiar tools as well as unique capabilities to further improve the user experience.
🔶 USAGE
There are various methods for using the features within this script, even with the included take profit levels users can pre-define.
The dotted lines represent an Opening Range with levels we can use as support & resistance. This opening range can be traded within the levels; however, it can also be used to tell the sentiment of price to see how it reacts to it.
In the image below, we can see after price was holding above the Opening Range whilst printing bullish trendline breakout signals, it made its way to the TP level we enabled from within the indicator to calculate a potential level for taking profits in a breakout trade.
The Market Flow Trend Lines & Liquidity indicator's key feature reside within its multi-timeframe capabilities for the main trendlines, as well as its key zones for potential entries.
In the image above we can see multiple areas where multi-timeframe (1H) trendlines on the 30m chart acted as support & resistance, alongside the Liquidity Zones & Opening Range as optimal points of interest for a breakout trader.
🔶 SETTINGS
🔹 Trendlines
Trendlines Lookback: Determines the frequency of detected tops/bottoms used to construct trendlines.
Slope: Trendlines slope, with higher values returning steeper trendlines.
Timeframe: Trendline timeframe.
🔹 Liquidity Zones
Liquidity Lookback: Determines the frequency of detected tops/bottoms used to construct liquidity zones.
🔹 Take Profits
Take profit settings. Up to 3 ATR based take profits can be enabled, with a numerical setting controlling the ATR multiplier.
🔹 Opening Range
From Time: 15min opening range starting time.
Extend: Extension length of Opening Range lines (in bars).
🔹 Gap Imbalance
Gap Up: Display upward gaps.
Gap Down: Display downward gaps.
🔹 EMA
Show EMA: Displays an EMA on the chart.
EMA Length: Length of the displayed EMA.
🔶 RELATED SCRIPTS
Liquidity Swings
Trendlines with Breaks
Trended and BlendedWhat up guys and welcome to the CoffeeShop. This is your host and "baristo", Eric.
This is a simple little set of 3 moving averages. Smoothed moving averages that you can use in the 10 /28 strategy, or any other strategy you choose.
Among themselves there is nothing special about these moving averages, but because of their settings they will help you find entries for long and short positions and for divergence trading.
These moving averages have conditional colors built into the code, using the pinescript "color from gradient" feature.
All three moving averages, are green when they are all lined up in a bullish form.
All three are red when they're all lined up in a bearish form.
And they are colored Gray when price action and the moving averages are mixed up in any way.
But this is not enough to help you determine whether you have a true trend or not also it is not enough to tell you whether you have a strong or weak trend so there's more.
Add to this color command, the candles are colored ONLY when there is a true uptrend or downtrend.
If you believe for any reason that price action is telling you this is going to a a short term trend, you can
wait for your long or short color confirmations and then drop down to a lower timeframe to make your trades.
STRONG TREND:
for a strong uptrend you would look for the candles to close bullish above all three green moving averages that were already lined up. This would be a strong uptrend. If price action closed below all three downward lined up moving averages they were all red and your candle is red then you have a strong downtrend.
Week Trend
However if your candle closes bearish and it closes red below a mixed set of moving averages then you have a week downtrend.
The same applies if you have a bullish closing candle but your fast and medium moving average are facing up however they are below your slow moving average. You may have a green line up however if you're moving averages are mixed up then you have a weak trend.
Summary
In short a strong trend is when you close above or below moving averages that are lined up in the same direction and they are not mixed in any way. A weak trend is when you close above or below your fast and medium moving averages as they're lined up in that same direction however they are on the wrong side of your third moving average.
When you have a weak trend you should be scalping and when you have a strong trend you should be able to ride that trend more appropriately.
DCA-Integrated Trend Continuation StrategyIntroducing the DCA-Integrated Trend Continuation Strategy 💼💰
The DCA-Integrated Trend Continuation Strategy represents a robust trading methodology that harnesses the potential of trend continuation opportunities while seamlessly incorporating the principles of Dollar Cost Averaging (DCA) as a risk management and backup mechanism. This strategy harmoniously blends these two concepts to potentially amplify profitability and optimize risk control across diverse market conditions.
This strategy is well-suited for both trending and ranging markets. During trending markets, it aims to capture and ride the momentum of the trend while optimizing entry points. In ranging markets or pullbacks, the DCA feature comes into play, allowing users to accumulate more assets at potentially lower prices and potentially increase profits when the market resumes its upward trend. This cohesive approach not only enhances the overall effectiveness of the strategy but also fosters a more resilient and adaptable trading approach in ever-changing market dynamics.
💎 How it Works:
▶️ The strategy incorporates a customizable entry signal based on candlestick patterns, enabling the identification of potential trend continuation opportunities. By focusing on consecutive bullish candles, it detects the presence of bullish momentum, indicating an optimal time to enter a long position.
To refine the precision of the signals, traders can set a specific percentage threshold for the closing price of the candle, ensuring it is above a certain percentage of its body. This condition verifies strong bullish momentum and confirms significant upward movement within the candle, thereby increasing the reliability of the signal.
In addition, the strategy offers further confirmation by examining the relationship between the closing price of the signal candle and its previous candles. If the closing price of the signal candle is higher than its preceding candles, it provides an additional layer of assurance before entering a position. This approach is particularly effective in detecting sharp movements and capturing significant price shifts, as it focuses on identifying instances where the closing price shows clear strength and outperforms the previous candle's price action. By prioritizing such occurrences, the strategy aims to capture robust trends and capitalize on notable market movements.
▶️ During market downturns, the strategy incorporates intelligent management of price drops, offering flexibility through fixed or customizable price drop percentages. This unique feature allows for additional entries at specified drop percentages, enabling traders to accumulate positions at more favorable prices.
By strategically adjusting the custom price drop percentages, you can optimize your entry points to potentially maximize profitability. Utilizing lower percentages for initial entries takes advantage of price fluctuations, potentially yielding higher returns. On the other hand, employing higher percentages for final entries adopts a more cautious approach during significant market downturns, emphasizing enhanced risk management. This adaptive approach ensures that the strategy effectively navigates challenging market conditions while seeking to optimize overall performance.
▶️ To enhance performance and mitigate risks, the strategy integrates average purchase price management. This feature dynamically adjusts the average buy price percentage decrease after each price drop, expediting the achievement of the target point even in challenging market conditions. By reducing recovery times and ensuring investment safety, this strategy optimizes outcomes for traders.
▶️ Risk management is at the core of this strategy, prioritizing the protection of capital. It incorporates an account balance validation mechanism that conducts automatic checks prior to each entry, ensuring alignment with available funds. This essential feature provides real-time insights into the affordability of price drops and the number of entries, enabling traders to make informed decisions and maintain optimal risk control.
▶️ Furthermore, the strategy offers take profit options, allowing traders to secure gains by setting fixed percentage profits from the average buy price or using a trailing target. Stop loss protection is also available, enabling traders to set a fixed percentage from the average purchase price to limit potential losses and preserve capital.
▶️ This strategy is fully compatible with third-party trading bots, allowing for easy connectivity to popular trading platforms. By leveraging the TradingView webhook functionality, you can effortlessly link the strategy to your preferred bot and receive accurate signals for position entry and exit. The strategy provides all the necessary alert message fields, ensuring a smooth and user-friendly trading experience. With this integration, you can automate the execution of trades, saving time and effort while enjoying the benefits of this powerful strategy.
🚀 How to Use:
To effectively utilize the DCA-Integrated Trend Continuation Strategy, follow these steps:
1. Choose your preferred DCA Mode - whether by quantity or by value - to determine how you want to size your positions.
2. Customize the entry conditions of the strategy to align with your trading preferences. Specify the number of consecutive bullish candles, set a desired percentage threshold for the close of the signal candle relative to its body, and determine the number of previous candles to compare with.
3. Adjust the pyramiding parameter to suit your risk tolerance and desired returns. Whether you prefer a more conservative approach with fewer pyramids or a more aggressive stance with multiple pyramids, this strategy offers flexibility.
4. Personalize the price drop percentages based on your risk appetite and trading strategy. Choose between fixed or custom percentages to optimize your entries in different market scenarios.
5. Configure the average purchase price management settings to control the percentage decrease in the average buy price after each price drop, ensuring it aligns with your risk tolerance and strategy.
6. Utilize the account balance validation feature to ensure the strategy's actions align with your available funds, enhancing risk management and preventing overexposure.
7. Set take profit options to secure your gains and implement stop loss protection to limit potential losses, providing an additional layer of risk management.
8. Use the date and time filtering feature to define the duration during which the strategy operates, allowing for specific backtesting periods or integration with a trading bot.
9. For automated trading, take advantage of the compatibility with third-party trading bots to seamlessly integrate the strategy with popular trading platforms.
By following these steps, traders can harness the power of the DCA-Integrated Trend Continuation Strategy to potentially maximize profitability and optimize their trading outcomes in both trending and ranging markets.
⚙️ User Settings:
To ensure the backtest result is representative of real-world trading conditions, particularly in the highly volatile Crypto market, the default strategy parameters have been carefully selected to produce realistic results with a conservative approach. However, you have the flexibility to customize these settings based on your risk tolerance and strategy preferences, whether you're focusing on short-term or long-term trading, allowing you to potentially achieve higher profits. The backtesting was conducted using the BTCUSDT pair in 15-minute timeframe on the Binance exchange. Users can configure the following options:
General Settings:
- Initial Capital (Default: $10,000)
- Currency (Default: USDT)
- Commission (Default: 0.1%)
- Slippage (Default: 5 ticks)
Order Size Management:
- DCA Mode (Default: Quantity)
- Order Size in Quantity (Default: 0.01)
- Order Size in Value (Default: $300)
Strategy's Entry Conditions:
- Number of Consecutive Bullish Candles (Default: 3)
- Close Over Candle Body % (Default: 50% - Disabled)
- Close Over Previous Candles Lookback (Default: 14 - Disabled)
- Pyramiding Number (Default: 30)
Price Drop Management:
- Enable Price Drop Calculations (Default: Enabled)
- Enable Current Balance Check (Default: Enabled)
- Price Drop Percentage Type (Default: Custom)
- Average Price Move Down Percentage % (Default: 50%)
- Fixed Price Drop Percentage % (Default: 0.5%)
- Custom Price Drop Percentage % (Defaults: 0.5, 0.5, 0.5, 1, 3, 5, 5, 10, 10, 10)
TP/SL:
- Take Profit % (Default: 3%)
- Stop Loss % (Default: 100%)
- Enable Trailing Target (Default: Enabled)
- Trailing Offset % (Default: 0.1%)
Backtest Table (Default: Enabled)
Date & Time:
- Date Range Filtering (Default: Disabled)
- Start Time
- End Time
Alert Message:
- Alert Message for Enter Long
- Alert Message for Exit Long
By providing these customizable settings, the strategy allows you to tailor it to your specific needs, enhancing the adaptability and effectiveness of your trading approach.
🔐 Source Code Protection:
The source code of the DCA-Integrated Trend Continuation Strategy is designed to be robust, reliable, and highly efficient. Its original and innovative implementation merits protecting the source code and limiting access, ensuring the exclusivity of this strategy. By safeguarding the code, the integrity and uniqueness of the strategy are preserved, giving users a competitive edge in their trading activities.
(1-20)Dashboard trendlines PriceThis is a script about 20 trading pairs with trendline.
-on each chart of a trading pair, there is only one trendline pair: 1 uptrendline and 1 downtrendline
-so when the statistics on the table also show the column of the uptrend and the column of the downtrend
-When the price approaches any trendline but the ratio is 1%, that trendline will be colored blue (downtrend), red (uptrend)
-the column above T.line(below T.line) is the value of the current trendline compared to the closing price of the candle
-The Break up (Break down) column when the price breaks will show the green heart (break up), the red heart break (break down) and the percentage value when breaking through the point of the trendline.
-price column is the current price of the candle
-especially when a candle has closed above the trendline (assuming an uptrend), then from the 2nd tree to the current , it will count according to memory so that traders know when the price broke, and how many candles already.
-The breakdown parameter is displayed (for example, 3|8|10), which means that the price has broken through 10 candles, of which 8 trees are closing above the breakout point, and the last 3 are closing above. break point
-In addition, when displaying 3 parameters as above, the next column (above/below T.line) will display the percentage from when the price breaks that point to the current price of the candle.
-you can change the time in Resolution indicator settings to show multiple time arcs
Thank you everyone for your interest and trust
- 5 pairs are free for traders :https://vn.tradingview.com/script/KGSjrLC3/
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Vietnamese
Đây là script về bảng thống kê 20 cặp giao dịch với đường trendline .
-trên mỗi biểu đồ của cặp giao dịch chỉ tồn tại duy nhất 1 cặp trendline là: 1trendline tăng và 1 trendline giảm
-vì vậy khi thống kê trên bảng cũng hiển thị cột của trend tăng và cột của trend giảm
-khi giá tiến gần đến 1 đường trendline bất kì mà tỉ lệ còn 1% thì đường trendline đó tô màu xanh(trend giảm) ,màu đỏ(trend tăng)
-cột above T.line(below T.line) là giá trị của đường trendline hiện tại so với giá đóng cửa của nến
-cột Break up(Break down) khi giá phá vỡ sẽ thể thiện trái tim xanh(phá vỡ lên),trái tim đỏ vỡ(phá vỡ xuống) và giá trị phần trăm khi phá qua điểm của trendline.
-cột giá là giá hiện tại của nến
-đặc biệt khi 1 cây nến đã đóng cửa trên đường trendline(giả sử trend tăng) thì từ cây thứ 2 đến hiện tại nó sẽ đếm theo bộ nhớ để các trader biết được giá đã phá khi nào,và qua bao nhiêu nến rồi.
-thông số khi phá vỡ hiển thị (ví dụ là 3|8|10) thì hiểu là giá đã phá vỡ qua 10 nến, trong đó có 8 cây đóng cửa trên điểm phá vỡ,và 3 cây gần nhất đang đóng cửa trên điểm phá vỡ
-ngoài ra khi hiện 3 thông số như trên thì cột bên cạnh (above/below T.line) sẽ hiển thị được số phần trăm tính từ khi giá phá vỡ điểm đó đến giá hiện tại của cây nến.
-các bạn có thể thay đổi thời gian trong cài đặt chỉ báo Resolution để hiển thị nhiều cung thời gian
Cảm ơn mọi người đã quan tâm và tin dùng
Dashboard trendlines Price(ichimoku14642)Happy new year 2023
Dedicated to traders, the trendline indicator of 5 trading pairs is automatically listed in this table. Wish success
-on each chart of a trading pair, there is only one trendline pair: 1 uptrendline and 1 downtrendline
-so when the statistics on the table also show the column of the uptrend and the column of the downtrend
-When the price approaches any trendline but the ratio is 1%, that trendline will be colored blue (downtrend), red (uptrend)
-the column above T.line(below T.line) is the value of the current trendline compared to the closing price of the candle
-The Break up (Break down) column when the price breaks will show the green heart (break up), the red heart break (break down) and the percentage value when breaking through the point of the trendline.
-price column is the current price of the candle
-SYMBOL is all taken from Binance in the perpetual contract
-especially when a candle has closed above the trendline (assuming an uptrend), then from the 2nd tree to the current , it will count according to memory so that traders know when the price broke, and how many candles already.
-The breakdown parameter is displayed (for example, 3|8|10), which means that the price has broken through 10 candles, of which 8 trees are closing above the breakout point, and the last 3 are closing above. break point
-In addition, when displaying 3 parameters as above, the next column (above/below T.line) will display the percentage from when the price breaks that point to the current price of the candle.
Thank you everyone for your interest and trust
Đây là script về bảng thống kê đường trendline .
-trên mỗi biểu đồ của cặp giao dịch chỉ tồn tại duy nhất 1 cặp trendline là: 1trendline tăng và 1 trendline giảm
-vì vậy khi thống kê trên bảng cũng hiển thị cột của trend tăng và cột của trend giảm
-khi giá tiến gần đến 1 đường trendline bất kì mà tỉ lệ còn 1% thì đường trendline đó tô màu xanh(trend giảm) ,màu đỏ(trend tăng)
-cột above T.line(below T.line) là giá trị của đường trendline hiện tại so với giá đóng cửa của nến
-cột Break up(Break down) khi giá phá vỡ sẽ thể thiện trái tim xanh(phá vỡ lên),trái tim đỏ vỡ(phá vỡ xuống) và giá trị phần trăm khi phá qua điểm của trendline.
-cột giá là giá hiện tại của nến
-SYMBOL là toàn bộ lấy của sàn Binance trong hợp đồng vĩnh cửu
-đặc biệt khi 1 cây nến đã đóng cửa trên đường trendline(giả sử trend tăng) thì từ cây thứ 2 đến hiện tại nó sẽ đếm theo bộ nhớ để các trader biết được giá đã phá khi nào,và qua bao nhiêu nến rồi.
-thông số khi phá vỡ hiển thị (ví dụ là 3|8|10) thì hiểu là giá đã phá vỡ qua 10 nến, trong đó có 8 cây đóng cửa trên điểm phá vỡ,và 3 cây gần nhất đang đóng cửa trên điểm phá vỡ
-ngoài ra khi hiện 3 thông số như trên thì cột bên cạnh (above/below T.line) sẽ hiển thị được số phần trăm tính từ khi giá phá vỡ điểm đó đến giá hiện tại của cây nến.
Cảm ơn mọi người đã quan tâm và tin dùng
Immediate Trend - VHXIMMEDIATE TREND - VULNERABLE_HUMAN_X
This indicator is used to identify the immediate trend in the market.
When a Short Term High (STH) is engulfed and closed above, we consider that as a bullish trend.
And Similarly, when a Short Term Low (STL) is engulfed and closed below, we consider that as a bullish trend.
STH - A candle that is higher than the one candle towards it's left and one candle towards it's right.
STL - A candle that is lower than the one candle towards it's left and one candle towards it's right.
HOW TO USE:
1. Do not take trades purely based on the immediate trend showcased by the indicator. Rather, use them as confluence with your trading strategy.
2. When you are expecting price to reverse at your point of interest (Denamd/Supply zone), this indicator can help you predict the reversal by showcasing the current trend.
3. Using this indicator you can travel the trend as long as there is a change of trend predicted by this indicator.
Trend Dominance Multi Timeframe [Misu]█ This indicator shows the repartition of bullish and bearish trends over a certain period in multiple timeframes. It's also showing the trending direction at the time.
█ Usages:
Trend dominance is expressed with two percentages: left is downtrend and right is uptrend. Cell colors turn green if dominance is up and red if it is down.
Knowing the trend dominance allows you to have a better overview of the market conditions.
You can use it to your advantage to favor long or short trades, reversal or breakout strategies, etc.
█ Features:
> Table colors
> Instant Trend Multitimeframe
> Trend Dominance Multitimeframe
█ Parameters:
> Length: Length is used to calculate ATR.
> Atr Multiplier: A factor used to balance the impact of the ATR on the Trend Bands calculation.
> UI Settings
Rate Of Change Trend Strategy (ROC)This is very simple trend following or momentum strategy. If the price change over the past number of bars is positive, we buy. If the price change over the past number of bars is negative, we sell. This is surprisingly robust, simple, and effective especially on trendy markets such as cryptos.
Works for many markets such as:
INDEX:BTCUSD
INDEX:ETHUSD
SP:SPX
NASDAQ:NDX
NASDAQ:TSLA
Trend Indicator (dow trending) - FontiramisuIndicator showing pivots and interpret a trend out of it.
Pivots are calculating with deviation parameter to validate with more precision.
Trending moves are calculated according to Dow Theory :
In an uptrend, if the price made a new high, the price must make a new high to confirm the trend, otherwise, it might signal a possible change in the trend.
In an uptrend, if the price made a new low, the price must make a new low to confirm the trend, otherwise, it might signal a possible change in the trend.
The indicator can show 2 trends with 2 different "Pivot Depth"
See indicator parameters.
Tab is display at the bottom right corner to show trend direction and if it is hesitating
Fontilab Library is used to code this indicator
Support & Resistance/Supply & Demand/Liquidity/Trendlines (Expo)Real-Time Support & Resistance/Supply & Demand/Liquidity Zones /Trendlines / Key Levels
This trading tool automatically identifies real-time Support/Resistance, Supply and Demand, Liquidity Zones, Key levels, and Trendlines.
FEATURES
This indicator includes all necessary features for traditional technical analysis, such as Trendlines, Support/Resistance, Supply/Demand, and Liquidity Zones. In addition to that, we have added key market levels.
Support/Resistance: Identifies areas in real-time where the price finds support and resistance.
Supply/Demand: The indicator analyzes the market structure in real-time and maps out key supply and demand zones. The user gets an instant understanding of the current market structure.
Liquidity Zones: Liquidity zones are displayed where there is a significant level of trading activity and when there is both high supply and demand for an asset, security, or contract.
TrendLines: Trendlines help traders determine the current direction of market prices. A trendline is displayed when a price action trend is detected.
Key Levels: Key levels are psychological levels that are under the attention of many traders. There is a lot of buying or selling pressure at these levels. At these key levels, price decides its direction, either to go bearish or bullish.
HOW TO USE
Use the indicator to identify several important and commonly used levels and zones. All zones work as a future reference where the price has a higher likelihood to react at, bounce off from, or reverse.
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Disclaimer
Copyright by Zeiierman.
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
MTF Trend WidgetThis indicator identifies trends in multiple higher timeframes (D, W, M) and shows them in a widget off to the right of the chart.
It's meant to be used as an alternative filter for "trading with the trend." Typically people use moving averages of varying lengths for this (i.e. if over 200 MA it's an uptrend, etc.), but I wanted to see if it might be more effective to see if the higher timeframes were actually trending or not in a certain direction.
For the purposes of this indicator, an uptrend is defined as higher highs and higher lows. So if currently in a downtrend and the highs are broken, the indicator will flip to an uptrend because now we have a higher high. Vice versa for downtrends.
The user can choose the lookback period for defining these highs/lows (the pivot points). A smaller lookback number will give you more frequent pivot points.
The user can toggle on visibility of all historical pivot points to make sure the frequency and placement of the swing highs/lows is to their liking.
The user can show the support/resistance lines of those most recent swing high/low points on the multiple timeframes as well.
When these lines are breached, that is when the trends change, so you can see if you are close to changing any longer term trends.
My hope is that this gives people a quick glance at the overall trend without having to cycle through different timeframes.
Trend Direction Force IndexThis is my own version of the famous Trend Direction Force Index and I modified the original to make my version react quickly to any trend. I have color coded the indicator to make it extremely easy to read so if it is green then buy and red then sell.
This was a custom request so if you would like more then just send me a message!
Auto Trend Channel by Atilla YurtsevenHi traders,
I have coded this "Auto Trend Channel" script to help myself to draw a perfect trend. I usually use "Open / Close" as source. Play around with the "Lookback" period to find the best fit. Hope you enjoy it.
Note: This indicator repaints as highs and lows changed.
Remember to follow me and drop some comments below.
Disclaimer: This is not financial advice
Trade safe,
Atilla Yurtseven
Auto Trend Lines [Anan]Hello Friends..
This is Auto Trend Lines, A script that draws trendlines from the pivot points in the price chart,,
So helpful and smart !
Play with the options to adjust the precision.
This is my simple edition from " Trendlines - JD "
BOSS Automatic Trendlines and Support Zones IndicatorTHE BEST FOREX, BINARY OPTIONS, STOCK AND CRYPTO INDICATORS FOR TRADINGVIEW.COM
Our auto-trendlines indicator and our support and resistance zones indicator with Fast and Slow EMA's all combined in one!
TrendLines
Trendlines when drawn properly make an excellent tool for traders. Used improperly though, they become ineffective and even counterproductive, resulting in a belief that prices have made a reversal when they really haven't, or that a trend has strength when price action suggests it doesn't.
The Boss Auto Trendline Indicator draws the trendlines automatically, and now you can effectively use trendlines as part of your trading strategy.
Trendlines highlight a trend or range (sideways movement). A trendline connects swing lows, where the low is lower than the surrounding prices, and swing highs in price. When the price rises, the swing lows rise.
Red Lines & Dots.
Connecting these lows with a line results in an ascending trendline , showing you that the trend is up. A trendline can also be drawn along the swing highs. This shows the angle of ascent, and the strength of the price move, whether strongly higher or not.
Green Lines & Dots
When the price falls, the swing highs fall. Connecting these highs with a line results in a descending trendline , illustrating the downward trend. A trendline can also be drawn along the swing lows. This shows the angle of descent and the strength of the downward price movement.
Support & Resistance Zones
Green = Support Zones
Red = Resistance Zones
The basic trading method for using support and resistance is to buy/long near support in uptrends, and to sell/short near resistance in downtrends.
Fast & Slow EMA's
Trend Following - you essentially use the EMA to track the primary trend. If a trading pair does not close beyond the average - you stay in the trade.
Moving Average Crosses - by using two different exponential moving average crosses you can generate buy and/or sell signals. For example, you can have a fast average cross a slow average to trigger a trade signal.
Dynamic Support and Resistance - EMA periods like the 21 or 55 can act as support and resistance zones.
Bear vs Bull Trend indicator by Atilla YurtsevenHi Traders,
Bear vs Bull Trend indicator helps you to determine the trend direction easily. Using this indicator, you will not need to look for the cross-over anymore. You can simply choose your favorite Trend detection indicator from the properties (sma, wma, ema, linear). I usually use Linear trends.
Disclaimer: All the information in this article, including the algorithm & indicator, was provided and published for informational purposes only and should not be considered legal or financial advice.
PS: Please leave some comments and remember to follow me. I share only the indicators that i use.
Happy trading :)
Atilla Yurtseven
Trend Impulse Channels (Zeiierman)█ Overview
Trend Impulse Channels (Zeiierman) is a precision-engineered trend-following system that visualizes discrete trend progression using volatility-scaled step logic. It replaces traditional slope-based tracking with clearly defined “trend steps,” capturing directional momentum only when price action decisively confirms a shift through an ATR-based trigger.
This tool is ideal for traders who prefer structured, stair-step progression over fluid curves, and value the clarity of momentum-based bands that reveal breakout conviction, pullback retests, and consolidation zones. The channel width adapts automatically to market volatility, while the step logic filters out noise and false flips.
⚪ The Structural Assumption
This indicator is built on a core market structure observation:
After each strong trend impulse, the market typically enters a “cooling-off” phase as profit-taking occurs and counter-trend participants enter. This often results in a shallow pullback or stall, creating a slight negative slope in an uptrend (or a positive slope in a downtrend).
These “cooling-off” phases don’t reverse the trend — they signal temporary pressure before the next leg continues. By tracking trend steps discretely and filtering for this behavior, Trend Impulse Channels helps traders align with the rhythm of impulse → pause → impulse.
█ How It Works
⚪ Step-Based Trend Engine
At the heart of this tool is a dynamic step engine that progresses only when price crosses a predefined ATR-scaled trigger level:
Trigger Threshold (× ATR) – Defines how far price must break beyond the current trend state to register a new trend step.
Step Size (Volatility-Guided) – Each trend continuation moves the trend line in discrete units, scaling with ATR and trend persistence.
Trend Direction State – Maintains a +1/-1 internal bias to support directional filters and step tracking.
⚪ Volatility-Adaptive Channel
Each step is wrapped inside a dynamic envelope scaled to current volatility:
Upper and Lower Bands – Derived from ATR and band multipliers to expand/contract as volatility changes.
⚪ Retest Signal System
Optional signal markers show when price re-tests the upper or lower band:
Upper Retest → Pullback into resistance during a bearish trend.
Lower Retest → Pullback into support during a bullish trend.
⚪ Trend Step Signals
Circular markers can be shown to mark each time the trend steps forward, making it easy to identify structurally significant moments of continuation within a larger trend.
█ How to Use
⚪ Trend Alignment
Use the Trend Line and Step Markers to visually confirm the direction of momentum. If multiple trend steps occur in sequence without reversal, this typically signals strong conviction and trend persistence.
⚪ Retest-Based Entries
Wait for pullbacks into the channel and monitor for triangle retest signals. When used in confluence with trend direction, these offer high-quality continuation setups.
⚪ Breakouts
Look for breakouts beyond the upper or lower band after a longer period of pause. For higher likelihood of success, look for breakouts in the direction of the trend.
█ Settings
Trigger Threshold (× ATR) - Defines how far price must move to register a new trend step. Controls sensitivity to trend flips.
Max Step Size (× ATR) - Caps how far each trend step can extend. Prevents runaway step expansion in high volatility.
Band Multiplier (× ATR) - Expands the upper and lower channels. Controls how much breathing room the bands allow.
Trend Hold (bars) - Minimum number of bars the trend must remain active before allowing a flip. Helps reduce noise.
Filter by Trend - Restrict retest signals to those aligned with the current trend direction.
-----------------
Disclaimer
The content provided in my scripts, indicators, ideas, algorithms, and systems is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a solicitation to buy or sell any financial instruments. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
TrendLine + AlertsThe TrendLine + Alerts indicator is an advanced technical analysis tool designed to quickly identify trend direction using various moving averages and RMSD deviation. It dynamically generates buy and sell signals and visually marks entry points with price labels on the chart. Additionally, an optional transaction table can be toggled on or off, displaying buy and sell prices along with the percentage returns of individual trades and an aggregated summary row, facilitating the evaluation of trading strategy performance.
🔧 Key Features:
- Supports multiple moving average types: SMA, EMA, HMA, DEMA, TEMA, RMA, FRAMA
- Dynamic trend analysis based on RMSD deviation, adaptable to current market conditions
- Color-coded trend indication: green for uptrends, red for downtrends
- Alert generation: real-time buy and sell signals (TrendLine BUY / SELL)
- Price labels on the chart for better visualization of entry/exit points
- Interactive settings panel allowing selection of data source (open, close, high, low etc.), adjustable moving average length, and RMSD deviation multiplier
- Optionally displays a dynamic transaction table (toggleable via chart settings) that shows:
- Buy: entry prices
- Sell: exit prices
- Percent: percentage return of each trade, displayed as a number
- A summary row that aggregates the percentage returns, offering a quick evaluation of trading performance
⚙️ Settings:
- Ability to select the data source: open, close, high, low, oc2, hl2, occ3, hlc3, ohlc4, hlcc4
- Adjustable moving average length
- Customizable RMSD deviation multiplier
- Toggle switch to enable or disable the transaction table
🚀 Application:
Ideal for traders seeking an effective method to identify trends and turning points in the market. It is suitable for both short-term day trading and long-term trend analysis, with adjustable settings to suit individual trading strategies.
Multi-Timeframe Trend Lines📌 What This Indicator Does
This tool helps you see the direction of the market across different timeframes—all on one chart.
Imagine you're looking at the price of a stock, crypto, or any other asset. You probably know the price can move differently in the short term and the long term. This indicator draws slanted lines to show if the price is generally going up or down over different time periods—like the past 1 minute, 5 minutes, 1 hour, 1 day, or even 1 month.
These lines are colored:
Green if the price is going up (a rising trend).
Red if the price is going down (a falling trend).
You can choose which timeframes you want to see—like 5 minutes or 1 day—by ticking checkboxes.
✅ Why This Is Useful
1. Helps You See the Bigger Picture
Even if you’re trading on a short timeframe (like 5 minutes), this indicator shows you the trend in longer timeframes (like 1 hour or 1 day). This helps you avoid going against the overall direction of the market.
2. Gives You More Confidence
When several timeframes show the same direction (all lines green, for example), it gives you more confidence that the trend is strong.
3. Saves Time
Instead of switching between different charts (like going from a 1-hour chart to a daily chart), you can see all the trends right on your current chart.
4. Easier Decision Making
You can quickly decide if it’s a good idea to buy (when most lines are green) or sell (when most lines are red).
👶 Example for a Beginner
Let’s say you’re looking at a 15-minute chart and thinking of buying.
* The 15-minute line is green (short-term price is going up).
* The 1-hour line is also green (medium-term price is going up).
* The 1-day line is green too (long-term price is going up).
This is a good sign that everything is moving upward, and it may be safer to buy.
But if the 1-day line is red while the shorter ones are green, it might mean the upward move is just temporary. That’s something to be careful about.
Enhanced Volume Trend Indicator with BB SqueezeEnhanced Volume Trend Indicator with BB Squeeze: Comprehensive Explanation
The visualization system allows traders to quickly scan multiple securities to identify high-probability setups without detailed analysis of each chart. The progression from squeeze to breakout, supported by volume trend confirmation, offers a systematic approach to identifying trading opportunities.
The script combines multiple technical analysis approaches into a comprehensive dashboard that helps traders make informed decisions by identifying high-probability setups while filtering out noise through its sophisticated confirmation requirements. It combines multiple technical analysis approaches into an integrated visual system that helps traders identify potential trading opportunities while filtering out false signals.
Core Features
1. Volume Analysis Dashboard
The indicator displays various volume-related metrics in customizable tables:
AVOL (After Hours + Pre-Market Volume): Shows extended hours volume as a percentage of the 21-day average volume with color coding for buying/selling pressure. Green indicates buying pressure and red indicates selling pressure.
Volume Metrics: Includes regular volume (VOL), dollar volume ($VOL), relative volume compared to 21-day average (RVOL), and relative volume compared to 90-day average (RVOL90D).
Pre-Market Data: Optional display of pre-market volume (PVOL), pre-market dollar volume (P$VOL), pre-market relative volume (PRVOL), and pre-market price change percentage (PCHG%).
2. Enhanced Volume Trend (VTR) Analysis
The Volume Trend indicator uses adaptive analysis to evaluate buying and selling pressure, combining multiple factors:
MACD (Moving Average Convergence Divergence) components
Volume-to-SMA (Simple Moving Average) ratio
Price direction and market conditions
Volume change rates and momentum
EMA (Exponential Moving Average) alignment and crossovers
Volatility filtering
VTR Visual Indicators
The VTR score ranges from 0-100, with values above 50 indicating bullish conditions and below 50 indicating bearish conditions. This is visually represented by colored circles:
"●" (Filled Circle):
Green: Strong bullish trend (VTR ≥ 80)
Red: Strong bearish trend (VTR ≤ 20)
"◯" (Hollow Circle):
Green: Moderate bullish trend (VTR 65-79)
Red: Moderate bearish trend (VTR 21-35)
"·" (Small Dot):
Green: Weak bullish trend (VTR 55-64)
Red: Weak bearish trend (VTR 36-45)
"○" (Medium Hollow Circle): Neutral conditions (VTR 46-54), shown in gray
In "Both" display mode, the VTR shows both the numerical score (0-100) alongside the appropriate circle symbol.
Enhanced VTR Settings
The Enhanced Volume Trend component offers several advanced customization options:
Adaptive Volume Analysis (volTrendAdaptive):
When enabled, dynamically adjusts volume thresholds based on recent market volatility
Higher volatility periods require proportionally higher volume to generate significant signals
Helps prevent false signals during highly volatile markets
Keep enabled for most trading conditions, especially in volatile markets
Speed of Change Weight (volTrendSpeedWeight, range 0-1):
Controls emphasis on volume acceleration/deceleration rather than absolute levels
Higher values (0.7-1.0): More responsive to new volume trends, better for momentum trading
Lower values (0.2-0.5): Less responsive, better for trend following
Helps identify early volume trends before they fully develop
Momentum Period (volTrendMomentumPeriod, range 2-10):
Defines lookback period for volume change rate calculations
Lower values (2-3): More responsive to recent changes, better for short timeframes
Higher values (7-10): Smoother, better for daily/weekly charts
Directly affects how quickly the indicator responds to new volume patterns
Volatility Filter (volTrendVolatilityFilter):
Adjusts significance of volume by factoring in current price volatility
High volume during high volatility receives less weight
High volume during low volatility receives more weight
Helps distinguish between genuine volume-driven moves and volatility-driven moves
EMA Alignment Weight (volTrendEmaWeight, range 0-1):
Controls importance of EMA alignments in final VTR calculation
Analyzes multiple EMA relationships (5, 10, 21 period)
Higher values (0.7-1.0): Greater emphasis on trend structure
Lower values (0.2-0.5): More focus on pure volume patterns
Display Mode (volTrendDisplayMode):
"Value": Shows only numerical score (0-100)
"Strength": Shows only symbolic representation
"Both": Shows numerical score and symbol together
3. Bollinger Band Squeeze Detection (SQZ)
The BB Squeeze indicator identifies periods of low volatility when Bollinger Bands contract inside Keltner Channels, often preceding significant price movements.
SQZ Visual Indicators
"●" (Filled Circle): Strong squeeze - high probability setup for an impending breakout
Green: Strong squeeze with bullish bias (likely upward breakout)
Red: Strong squeeze with bearish bias (likely downward breakout)
Orange: Strong squeeze with unclear direction
"◯" (Hollow Circle): Moderate squeeze - medium probability setup
Green: With bullish EMA alignment
Red: With bearish EMA alignment
Orange: Without clear directional bias
"-" (Dash): Gray dash indicates no squeeze condition (normal volatility)
The script identifies squeeze conditions through multiple methods:
Bollinger Bands contracting inside Keltner Channels
BB width falling to bottom 20% of recent range (BB width percentile)
Very narrow Keltner Channel (less than 5% of basis price)
Tracking squeeze duration in consecutive bars
Different squeeze strengths are detected:
Strong Squeeze: BB inside KC with tight BB width and narrow KC
Moderate Squeeze: BB inside KC with either tight BB width or narrow KC
No Squeeze: Normal market conditions
4. Breakout Detection System
The script includes two breakout indicators working in sequence:
4.1 Pre-Breakout (PBK) Indicator
Detects potential upcoming breakouts by analyzing multiple factors:
Squeeze conditions lasting 2-3 bars or more
Significant price ranges
Strong volume confirmation
EMA/MACD crossovers
Consistent price direction
PBK Visual Indicators
"●" (Filled Circle): Detected pre-breakout condition
Green: Likely upward breakout (bullish)
Red: Likely downward breakout (bearish)
Orange: Direction not yet clear, but breakout likely
"-" (Dash): Gray dash indicates no pre-breakout condition
The PBK uses sophisticated conditions to reduce false signals including minimum squeeze length, significant price movement, and technical confirmations.
4.2 Breakout (BK) Indicator
Confirms actual breakouts in progress by identifying:
End of squeeze or strong expansion of Bollinger Bands
Volume expansion
Price moving outside Bollinger Bands
EMA crossovers with volume confirmation
MACD crossovers with significant price range
BK Visual Indicators
"●" (Filled Circle): Confirmed breakout in progress
Green: Upward breakout (bullish)
Red: Downward breakout (bearish)
Orange: Unusual breakout pattern without clear direction
"◆" (Diamond): Special breakout conditions (meets some but not all criteria)
"-" (Dash): Gray dash indicates no breakout detected
The BK indicator uses advanced filters for confirmation:
Requires consecutive breakout signals to reduce false positives
Strong volume confirmation requirements (40% above average)
Significant price movement thresholds
Consistency checks between price action and indicators
5. Market Metrics and Analysis
Price Change Percentage (CHG%)
Displays the current percentage change relative to the previous day's close, color-coded green for positive changes and red for negative changes.
Average Daily Range (ADR%)
Calculates the average daily percentage range over a specified period (default 20 days), helping traders gauge volatility and set appropriate price targets.
Average True Range (ATR)
Shows the Average True Range value, a volatility indicator developed by J. Welles Wilder that measures market volatility by decomposing the entire range of an asset price for that period.
Relative Strength Index (RSI)
Displays the standard 14-period RSI, a momentum oscillator that measures the speed and change of price movements on a scale from 0 to 100.
6. External Market Indicators
QQQ Change
Shows the percentage change in the Invesco QQQ Trust (tracking the Nasdaq-100 Index), useful for understanding broader tech market trends.
UVIX Change
Displays the percentage change in UVIX, a volatility index, providing insight into market fear and potential hedging activity.
BTC-USD
Shows the current Bitcoin price from Coinbase, useful for traders monitoring crypto correlation with equities.
Market Breadth (BRD)
Calculates the percentage difference between ATHI.US and ATLO.US (high vs. low securities), indicating overall market direction and strength.
7. Session Analysis and Volume Direction
Session Detection
The script accurately identifies different market sessions:
Pre-market: 4:00 AM to 9:30 AM
Regular market: 9:30 AM to 4:00 PM
After-hours: 4:00 PM to 8:00 PM
Closed: Outside trading hours
This detection works on any timeframe through careful calculation of current time in seconds.
Buy/Sell Volume Direction
The script analyzes buying and selling pressure by:
Counting up volume when close > open
Counting down volume when close < open
Tracking accumulated volume within the day
Calculating intraday pressure (up volume minus down volume)
Enhanced AVOL Calculation
The improved AVOL calculation works in all timeframes by:
Estimating typical pre-market and after-hours volume percentages
Combining yesterday's after-hours with today's pre-market volume
Calculating this as a percentage of the 21-day average volume
Determining buying/selling pressure by analyzing after-hours and pre-market price changes
Color-coding results: green for buying pressure, red for selling pressure
This calculation is particularly valuable because it works consistently across any timeframe.
Customization Options
Display Settings
The dashboard has two customizable tables: Volume Table and Metrics Table, with positions selectable as bottom_left or bottom_right.
All metrics can be individually toggled on/off:
Pre-market data (PVOL, P$VOL, PRVOL, PCHG%)
Volume data (AVOL, RVOL Day, RVOL 90D, Volume, SEED_YASHALGO_NSE_BREADTH:VOLUME )
Price metrics (ADR%, ATR, RSI, Price Change%)
Market indicators (QQQ, UVIX, Breadth, BTC-USD)
Analysis indicators (Volume Trend, BB Squeeze, Pre-Breakout, Breakout)
These toggle options allow traders to customize the dashboard to show only the metrics they find most valuable for their trading style.
Table and Text Customization
The dashboard's appearance can be customized:
Table background color via tableBgColor
Text color (White or Black) via textColorOption
The indicator uses smart formatting for volume and price values, automatically adding appropriate suffixes (K, M, B) for readability.
MACD Configuration for VTR
The Volume Trend calculation incorporates MACD with customizable parameters:
Fast Length: Controls the period for the fast EMA (default 3)
Slow Length: Controls the period for the slow EMA (default 9)
Signal Length: Controls the period for the signal line EMA (default 5)
MACD Weight: Controls how much influence MACD has on the volume trend score (default 0.3)
These settings allow traders to fine-tune how momentum is factored into the volume trend analysis.
Bollinger Bands and Keltner Channel Settings
The Bollinger Bands and Keltner Channels used for squeeze detection have preset (hidden) parameters:
BB Length: 20 periods
BB Multiplier: 2.0 standard deviations
Keltner Length: 20 periods
Keltner Multiplier: 1.5 ATR
These settings follow standard practice for squeeze detection while maintaining simplicity in the user interface.
Practical Trading Applications
Complete Trading Strategies
1. Squeeze Breakout Strategy
This strategy combines multiple components of the indicator:
Wait for a strong squeeze (SQZ showing ●)
Look for pre-breakout confirmation (PBK showing ● in green or red)
Enter when breakout is confirmed (BK showing ● in same direction)
Use VTR to confirm volume supports the move (VTR ≥ 65 for bullish or ≤ 35 for bearish)
Set profit targets based on ADR (Average Daily Range)
Exit when VTR begins to weaken or changes direction
2. Volume Divergence Strategy
This strategy focuses on the volume trend relative to price:
Identify when price makes a new high but VTR fails to confirm (divergence)
Look for VTR to show weakening trend (● changing to ◯ or ·)
Prepare for potential reversal when SQZ begins to form
Enter counter-trend position when PBK confirms reversal direction
Use external indicators (QQQ, BTC, Breadth) to confirm broader market support
3. Pre-Market Edge Strategy
This strategy leverages pre-market data:
Monitor AVOL for unusual pre-market activity (significantly above 100%)
Check pre-market price change direction (PCHG%)
Enter position at market open if VTR confirms direction
Use SQZ to determine if volatility is likely to expand
Exit based on RVOL declining or price reaching +/- ADR for the day
Market Context Integration
The indicator provides valuable context for trading decisions:
QQQ change shows tech market direction
BTC price shows crypto market correlation
UVIX change indicates volatility expectations
Breadth measurement shows market internals
This context helps traders avoid fighting the broader market and align trades with overall market direction.
Timeframe Optimization
The indicator is designed to work across different timeframes:
For day trading: Focus on AVOL, VTR, PBK/BK, and use shorter momentum periods
For swing trading: Focus on SQZ duration, VTR strength, and broader market indicators
For position trading: Focus on larger VTR trends and use EMA alignment weight
Advanced Analytical Components
Enhanced Volume Trend Score Calculation
The VTR score calculation is sophisticated, with the base score starting at 50 and adjusting for:
Price direction (up/down)
Volume relative to average (high/normal/low)
Volume acceleration/deceleration
Market conditions (bull/bear)
Additional factors are then applied, including:
MACD influence weighted by strength and direction
Volume change rate influence (speed)
Price/volume divergence effects
EMA alignment scores
Volatility adjustments
Breakout strength factors
Price action confirmations
The final score is clamped between 0-100, with values above 50 indicating bullish conditions and below 50 indicating bearish conditions.
Anti-False Signal Filters
The indicator employs multiple techniques to reduce false signals:
Requiring significant price range (minimum percentage movement)
Demanding strong volume confirmation (significantly above average)
Checking for consistent direction across multiple indicators
Requiring prior bar consistency (consecutive bars moving in same direction)
Counting consecutive signals to filter out noise
These filters help eliminate noise and focus on high-probability setups.
MACD Enhancement and Integration
The indicator enhances standard MACD analysis:
Calculating MACD relative strength compared to recent history
Normalizing MACD slope relative to volatility
Detecting MACD acceleration for stronger signals
Integrating MACD crossovers with other confirmation factors
EMA Analysis System
The indicator uses a comprehensive EMA analysis system:
Calculating multiple EMAs (5, 10, 21 periods)
Detecting golden cross (10 EMA crosses above 21 EMA)
Detecting death cross (10 EMA crosses below 21 EMA)
Assessing price position relative to EMAs
Measuring EMA separation percentage
Recent Enhancements and Evolution
Version 5.2 includes several improvements:
Enhanced AVOL to show buying/selling direction through color coding
Improved VTR with adaptive analysis based on market conditions
AVOL display now works in all timeframes through sophisticated estimation
Removed animal symbols and streamlined code with bright colors for better visibility
Improved anti-false signal filters throughout the system
Optimizing Indicator Settings
For Different Market Types
Range-Bound Markets:
Lower EMA Alignment Weight (0.2-0.4)
Higher Speed of Change Weight (0.8-1.0)
Focus on SQZ and PBK signals for breakout potential
Trending Markets:
Higher EMA Alignment Weight (0.7-1.0)
Moderate Speed of Change Weight (0.4-0.6)
Focus on VTR strength and BK confirmations
Volatile Markets:
Enable Volatility Filter
Enable Adaptive Volume Analysis
Lower Momentum Period (2-3)
Focus on strong volume confirmation (VTR ≥ 80 or ≤ 20)
For Different Asset Classes
Equities:
Standard settings work well
Pay attention to AVOL for gap potential
Monitor QQQ correlation
Futures:
Consider higher Volume/RVOL weight
Reduce MACD weight slightly
Pay close attention to SQZ duration
Crypto:
Higher volatility thresholds may be needed
Monitor BTC price for correlation
Focus on stronger confirmation signals
Integrated Visual System for Trading Decisions
The colored circle indicators create an intuitive visual system for quick market assessment:
Progression Sequence: SQZ (Squeeze) → PBK (Pre-Breakout) → BK (Breakout)
This sequence often occurs in order, with the squeeze leading to pre-breakout conditions, followed by an actual breakout.
VTR (Volume Trend): Provides context about the volume supporting these movements.
Color Coding: Green for bullish conditions, red for bearish conditions, and orange/gray for neutral or undefined conditions.
Currency Basket vs USD - Trend & RSI Breakdown📊 Indicator Methodology
Currency Basket vs USD – Trend & Valuation Breakdown
💱 Strategy of Rotating Between USD and the Currency Basket
💰 100% cash strategy – always ready for market crashes.
🟢 Hold USD if the trend indicator shows USD is trending.
🔵 Hold the currency basket (EUR, PLN, CZK, CHF, GBP) if the basket is trending.
✅ This way, you're always on the winning side of the trade, never risking a loss of purchasing power.
📈 Since it's a LONG ONLY, NO LEVERAGE strategy, there are no trading or holding fees, except for a small 0.15% FX fee every few months when the trending currency changes.
📈 Trend Indicator
Uses 5 different indicators working together to determine which asset is in a trend.
👀 On the chart it's visualized as:
➕ Plus symbols indicating trend strength (usually ranges from -4 to +4).
🔺 If USD has a higher trend signal than the basket → Hold USD.
🔻 If the basket has a higher signal → Hold the basket.
🕒 Signals typically last several months and operate on the 3D (3-day) timeframe, giving a high probability of catching macro moves.
💡 Valuation Indicator (Z-scored RSI)
Uses RSI with a length of 30.
Z-scored between -1 to 1.
📉 Interpretation:
-1 for USD = too strong → likely stagnation or reversal.
-1 for Basket = undervalued → likely growth or stabilization.
📊 Displayed as a separate line below the main chart.
📍 A horizontal line at 90 is added on the main chart – helping you quickly see what’s above or below this key reference level.
⚙️ How the Strategy Works in Practice
✅ You update the indicator daily (takes only seconds).
✅ The trend indicator tells you which currency to hold.
✅ The valuation indicator prepares you for possible reversals.
🔄 When the trend shifts, you rotate your full position.
⏳ Trades typically last several months.
📈 Usually generates consistent profits of 2–8%.
💪 It grows your capital while keeping you ready to buy assets during major selloffs.
🔍 Best Usage
Use it as a quick scanner to observe trend or valuation changes.
If a signal appears, validate it using additional trend and valuation indicators.
📌 If most agree, take the position.
7-Channel Trend Meter v3🔥 7-Channel Trend Meter – Ultimate Trend Confirmation Tool 💹
Purpose: Supplementary indicator used as confirmation
The 7-Channel Trend Meter offers an all-in-one confirmation system that combines 7 high-accuracy indicators into one easy-to-read visual tool. Say goodbye to guesswork and unnecessary tab-switching—just clear, actionable signals for smarter trades. Whether you're trading stocks, crypto, or forex, this indicator streamlines your decision-making process and enhances your strategy’s performance.
⚙️ What’s Inside The Box?
Here is each tool that the Trend Meter uses, and why/how they're used:
Average Directional Index: Confirms market strength ✅
Directional Movement Index: Confirms trend direction ✅
EMA Cross: Confirms reversals in trend through average price ✅
Relative Strength Index: Confirms trend through divergences ✅
Stochastic Oscillator: Confirms shifts in momentum ✅
Supertrend: Confirms trend-following using ATR calculations ✅
Volume Delta: Confirms buying/selling pressure weight by finding differences ✅
🧾 How To Read It:
🟨 Bar 1 – Market Strength Meter:
Light Gold 🟡: Strong market with trending conditions.
Dark Gold 🟤: Weakening market or consolidation—proceed with caution.
📊 Bars 2 to 7 – Trend Direction Confirmations:
🟩 Green: Bullish signal, uptrend likely.
🟥 Red: Bearish signal, downtrend likely.
💯 Why it's helpful to traders:
✅ 7 Confirmations in 1 View: No need to flip between multiple charts.
✅ Visual Clarity: Spot trends instantly with a quick glance.
✅ Perfect for Entry Confirmation: Confirm trade signals before pulling the trigger.
✅ Boosts Your Win Rate: Make data-backed decisions, not guesses.
✅ Works Across Multiple Markets: Stocks, crypto, forex—you name it 🌍.
🤔 "What's with the indicator mashup/How do these components work together? 🤔
The 7-Channel Trend Meter is designed as an original and useful tool that integrates multiple indicators to enhance trading decisions, rather than merely combining existing tools without logical coherence. This strategic mashup creates a comprehensive analysis framework that offers deeper insights into market conditions by capitalizing on each component's unique strengths. The careful integration of seven indicators creates a unified system that eliminates conflicting signals and enhances the decision-making process. Rather than simply merging indicators for the sake of it, the 7-Channel Trend Meter is designed to streamline trading strategies, making it a practical tool for traders across various markets. By leveraging the combined strengths of these indicators, traders can act with greater confidence, backed by comprehensive data rather than fragmented insights. Here’s how they synergistically work together:
Average Directional Index (ADX) and Directional Movement Index (DMI): The reason for this mashup is because ADX indicates the strength of the prevailing trend, while the DMI pinpoints its direction. Together, they equip traders with a dual framework that not only identifies whether to engage with a trend but also quantifies its strength, allowing for more decisive trading strategies.
EMA Cross: The reason for this addition to the mashup is because this tool signals potential trend reversals by identifying moving average crossovers. When combined with the ADX and DMI, traders can better differentiate between genuine trend shifts and market noise, leading to more accurate entries.
Relative Strength Index (RSI) and Stochastic Oscillator: The reason for this mashup is because by using both momentum indicators, traders gain a multifaceted view of market dynamics. The RSI assesses overbought or oversold conditions, while the Stochastic Oscillator confirms momentum shifts. When both agree with the trend signals from the DMI, it enhances the reliability of reversal or continuation strategies.
Supertrend: The reason for this addition to the mashup is because as a trailing stop based on market volatility, the Supertrend indicator works hand-in-hand with the ADX’s strength assessment, allowing traders to ride strong trends while managing risk. This cohesion prevents premature exits during minor pullbacks.
Volume Delta: The reason for this addition to the mashup is because integrating volume analysis helps validate signals from the price action indicators. Significant volume behind a price movement reinforces the likelihood of its continuation, ensuring that traders can act on well-supported signals.
🔍 How it does what it says it does 🔍
While the exact calculations remain proprietary, the following outlines how the components synergistically work to aid traders in making informed decisions:
Market Strength Assessment: Average Directional Index (ADX)
This component is used as confirmation by measuring the strength of the market trend on a scale from 0 to 100. A reading above 20 generally indicates a strong trend, while readings below 20 suggest sideways movement. The Trend Meter flags strong trends, effectively helping traders identify optimal conditions for entering positions.
Trend Direction Confirmation: Directional Movement Index (DMI)
This component is used as confirmation by distinguishing between bullish and bearish trends by evaluating price movements. This combination allows traders to confirm not only if a trend exists but also its direction, informing whether to buy or sell.
Trend Reversal Detection: Exponential Moving Average (EMA) Cross
This component is used as confirmation by calculating two EMAs (one shorter and one longer) to identify potential reversal points. When the shorter EMA crosses above the longer EMA, it signals a bullish reversal, and vice versa for bearish reversals. This helps traders pinpoint optimal entry or exit points.
Momentum Analysis: Relative Strength Index (RSI) and Stochastic Oscillator
These components are used as confirmation by providing insights into momentum. The RSI assesses the speed and change of price movements, indicating overbought or oversold conditions. The Stochastic Oscillator compares a particular closing price to a range of prices over a specified period. This helps identify whether momentum is slowing or speeding up, offering a clear view of potential reversal points. When both the RSI and Stochastic Oscillator converge on signals, it increases the reliability of those signals in trading decisions.
Volatility-Based Trend Following: Supertrend
This component is used as confirmation by utilizing Average True Range (ATR) calculations to help traders stay in momentum-driven trades by providing dynamic support and resistance levels that adapt to volatility. This enables better risk management while allowing traders to capture stronger trends.
Volume Confirmation: Volume Delta
This component is used as confirmation by analyzing buying and selling pressure by measuring the difference between buy and sell volumes, offering critical insights into market sentiment. Significant volume behind a price movement increases confidence in the sustainability of that move.
🧠 Pro Tip:
When all 7 bars line up in green or red, it’s time to take action: load up for a confirmed move or sit back and wait for market confirmation. Let the Trend Meter guide your strategy with precision.
Conclusion:
Integrate the 7-Channel Trend Meter as useful confirmation for your TradingView strategy and stop trading like the average retail trader. This tool eliminates the noise and helps you stay focused on high-confidence trades.
