Daye Quarterly Theory ~ DQT [Liquidity_Pro]Thanks
This indicator puts the time-based research of trader Daye on your chart. Daye studied the ICT killzones and macro times and presented his findings, as “Quarterly Theory” on YouTube. Thank you Daye for sharing!
This indicator is not the first, so S/O to @toodegrees, @a1tmaniac and @joshuuu for their own excellent Quarterly Theory indicators. Last but not least, huge thanks go to ICT for his trading innovation and generous free price action education and to @twingall for his insight, attention to detail and great teamwork coding this indicator.
Daye’s Quarterly Theory
First, the fundamental concept is that all units of time can be divided by four into quarters -- just as we look at the year’s corporate reporting cycle of Q1, Q2, Q3, and Q4.
Dividing the day by four, into six hour quarters and again into 90 minute quarters and again into 22.5 minute ‘Micro’ quarters we reach the smallest unit shown by this indicator. Apply it to your NQ1! or ES1! charts and you may see remarkable confluence with the ICT macro times!
Why would we want to do this? It helps us understand, visualize and predict ICT’s PO3 concept:
• A - Accumulation (required for a cycle to occur)
• M - Manipulation
• D - Distribution
• X - Reversal/Continuation
The bottom line - we want to sell after a manipulation (M) up, or buy after a manipulation down and Quarterly Theory plots times on your chart where this may occur. Every asset is different, so back-test and research it.
Note, this indicator always shows Q1 as the accumulation quarter (by color), but the order is not fixed and instead of AMDX may appear as XAMD, where Q1 is the Reversal/Continuation quarter. We may eventually offer an update to this indicator which would automatically transpose the quarter colors for you.
The Quarters
Yearly:
• Q1 - Jan, Feb, Mar
• Q2 - Apr, May, Jun
• Q3 - Jul, Aug, Sep
• Q4 - Oct, Nov, Dec
Monthly (starts with the first month’s Monday regardless of the date):
• Q1 - Week 1, first Monday of the month
• Q2 - Week 2, second Monday of the month
• Q3 - Week 3, third Monday of the month
• Q4 - Week 4, fourth Monday of the month
Weekly (Daye ignores Friday and Sunday’s price action):
• Q1 - Mon
• Q2 - Tue
• Q3 - Wed
• Q4 - Thu
Daily (times are all EST / New York):
• Q1 - 18:00 - 00:00 Asia
• Q2 - 00:00 - 06:00 London
• Q3 - 06:00 - 12:00 NY AM
• Q4 - 12:00 - 18:00 NY PM
90 Minute:
• Q1 - 18:00 - 19:30
• Q2 - 19:30 - 21:00
• Q3 - 21:00 - 22:30
• Q4 - 22:30 - 00:00
Micro (22.5 minute quarters, DQT only displays Micros on 7 minute TF or lower)
• Q1 - 18:00 - 18:22:30
• Q2 - 18:22:30 - 18:45
• Q3 - 18:45 - 19:07:30
• Q4 - 19:07:30 - 19:30
About the DQT Indicator
This indicator plots the quarterly time boxes in a panel which can be placed above or below your chart. It allows you to add labels with the opening time and dates and also place time of day markers which can be useful for anyone who wants to mark lunch, and of the trading day or perhaps a favorite ICT macro time. It also works on GOLD (CAPITALCOM), DXY (TVC), currencies and stocks in Regular Trading Hour (RTH) mode.
Note the way that the indicator displays quarters is affected by the time frame you are viewing and as a result you may notice imperfections. Also, the indicator is not tuned to work with every broker, so for example with DXY, you will see the TVC feed is displayed nicely but other feeds are not.
Settings
The DQT indicator offers a great deal of flexibility to customize the display of quarters aesthetically. But it’s designed to work out-of-the-box on both light and dark background charts. It's set up to only show 90 minute and micro quarters initially, but in the settings, you can turn on the daily, weekly, monthly, and yearly quarters. Remember you will only see the Micros on the 7 minute TF or lower.
Lastly, the DQT indicator works well with our DOB indicator allowing you to visualize the confluence of high timeframe PDAs or POIs with manipulation quarters.
If you find our indicators useful, please boost, comment and share -- it's very motivational for us to develop them further and publish new ones!
Cerca negli script per "weekly"
MTF PIVOTSThis is a fairly basic (but hopefully useful) indicator that combines three time-frames of Camarilla pivots into one.
Default time-frames are:
Daily
Weekly
Monthly
Quarterly
Yearly
Time-frames can be modified as you wish, they are just set to these as I generally only trade higher intervals (just note that formatting labels will not change - but you can update these as needed).
The Camarilla pivots displayed are as follows:
- H3, L3, H4, L4
- CPR
- CPR Trails ( To find Virgin CPR)
- PREVIOUS HI,LOW , CLOSE
these are more useful for the majority of traders. The formula for levels.
By default all historical pivot levels are not displayed, as there can be some benefit to mapping these forward once the relevant period has ended. But these find too cluttered I'll look into having an option to display the Historical period as well.
What levels are included?
I have used traditional pivot calculation and included Daily, Weekly, Monthly, Quarterly, and Yearly pivots with high and low.
MacroTrend VisionThe "MacroTrend Vision" indicator is crafted with a singular goal – to provide traders with a quick and insightful snapshot of a country's global index. Seamlessly combining macroeconomic and technical perspectives, this tool is designed for those seeking a straightforward yet comprehensive overview. Let's explore the key features that make the "MacroTrend Vision" a valuable asset for traders looking to grasp both the big-picture economic context and technical nuances.
1. Long-Term Vision with Weekly Periods:
Gain a genuine long-term perspective with the ability to process 2500 weekly periods. This feature ensures a holistic understanding of global indices from both macroeconomic and technical viewpoints.
2. Composite Leading Indicator (CLI) Conditions:
Integrate both macroeconomic trends and technical signals through Composite Leading Indicator (CLI) conditions derived from the Relative Strength Index (RSI), offering a comprehensive outlook for informed decision-making.
3. Deviation Bands for Volatility Analysis:
Refine market analysis with strategically integrated deviation bands (0.2 and 0.4) based on smoothed linear regression. Anticipate volatility and potential trend shifts, aligning macro and technical insights.
4. Logarithmic Scale Transformation:
Enhance precision in understanding price movements with a logarithmic scale transformation, especially beneficial for assets with exponential growth patterns.
5. Separated Window for Easy Navigation:
Streamline your analysis with a user-friendly design – a separated window allowing easy navigation through different symbols without altering indicator settings.
6. Alert System for CLI Conditions:
Stay informed about critical shifts with an alert system for both long and close conditions based on the RSI of the CLI. Even during periods of limited chart monitoring, this feature keeps you connected to macroeconomic and technical changes.
In essence, the "MacroTrend Vision" is your go-to tool for a balanced view, simplifying the complexities of global indices with a blend of macroeconomic insights and technical clarity.
TASC 2023.12 Growth and Value Switching System█ OVERVIEW
This script implements a rotation system for trading value and growth ETFs, as developed by Markos Katsanos and detailed in the article titled 'Growth Or Value?' in TASC's December 2023 edition of Traders' Tips . The purpose of this script is to demonstrate how short-term momentum can be employed to track market trends and provide clarity on when to switch between value and growth.
█ CONCEPTS
The central concept of the presented rotation strategy is based on the observation that the stock market undergoes cycles favoring either growth or value stocks. Consequently, the script introduces a momentum trading system that is designed to switch between value and growth equities based on prevailing market conditions. Specifically tailored for long-term index investors, the system focuses on trading Vanguard's value and growth ETFs ( VTV and VUG ) on a weekly timeframe.
To identify the ETF likely to outperform, the script uses a custom relative strength indicator applied to both VTV and VUG in comparison with an index ( SPY ). To minimize risk and drawdowns during bear markets, when both value and growth experience downtrends, the script employs the author's custom volume flow indicator (VFI) and blocks trades when its reading indicates money outflow . Positions are closed if the relative strength of the current open trade ETF falls below that of the other ETF for two consecutive weeks and is also below its moving average. Additionally, the script implements a stop-loss when the ETF is trading below its 40-week moving average, but only during bear markets.
The script plots the relative strengths of the value and growth equities along with the signals triggered by the aforementioned rules. Information about the current readings of the relative strength and volume flow indicators, along with the current open position, is displayed in a table.
█ CALCULATIONS
The script uses the request.security() function to gather price data for both equities and the reference index. Custom relative strength and volume flow indicators are calculated based on the formulas presented in the original article. By default, the script employs the same parameters for these indicators as proposed in the original article for VTV and VUG on a weekly timeframe.
Bitcoin Halving Cycle ProfitThe Bitcoin Halving Cycle Profit indicator, developed by Kevin Svenson , unveils a consistent and predetermined profit-taking cycle triggered by each Bitcoin halving event. This indicator streamlines the analysis of halving occurrences, providing explicit signals for both profit-taking and Dollar-Cost Averaging strategies.
Following each Bitcoin halving event, a fixed number of weeks consistently mark the period of maximum profitability for profit-taking:
🔄 Halving Cycle Profit Timeline Explained:
• 40 Weeks (Post-Halving) = Start of the optimal profit-taking zone.
• 80 Weeks (Post-Halving) = "Last Call" for profit-taking before the onset of a bear market.
• 125 Weeks (Post-Halving) = The optimal timeframe to begin Dollar-Cost Averaging.
(Bitcoin Weekly Chart using Halving Cycle Profit)
One standout feature of this indicator is its inherent clarity and comprehensive labeling. This quality makes it exceptionally easy to discern the locations of key factors and turning points, enhancing your understanding of the market dynamics it highlights.
(Bitcoin Daily Chart using Halving Cycle Profit)
🚀 This indicator doesn't limit its effectiveness to just Bitcoin; it seamlessly integrates with top blue-chip altcoins like Ethereum and most household names in the crypto industry.
( Ethereum Weekly Chart using Halving Cycle Profit)
🛠️ Customizable display options are availible. Users have the flexibility to toggle/adjust labels, lines, and color fills according to their preferences.
📑 In summary, the Bitcoin Halving Cycle Profit indicator is a versatile and user-friendly tool, offering clarity and customization for traders navigating both Bitcoin and top altcoins.
⚠️ It's important to note that while the Bitcoin Halving Cycle Profit indicator provides historical insights, past performance does not guarantee future results. Timing profitability in the cryptocurrency market involves inherent risks, and this indicator should not be construed as financial advice. Users are encouraged to exercise caution, conduct thorough research, and make informed decisions based on their individual risk tolerance and financial goals.
Technical Analysis Notes👉 Hello trader.
- In the process of monitoring the list of trading pairs such as stocks, cryptocurrencies... I often mark signals such as: RSI divergence, MACD, Stochatic, RSI trendline, Trendline..."by hand" , like recording on a drawing board, or excell, notepad... Therefore, taking notes is very limited. In addition, each time frame gives different, inconsistent signals and it is difficult to analyze the trend of a trading pair. somehow.
- After a period of careful research, I created the "Technical Analysis notes" indicator to solve the problems mentioned above, and after using it, I personally found it very effective to mark it. Trading signals as well as trend analysis across time frames from small to large.
- For example: On weekends, I often use automatic scanning indicators (about 200 codes) RSI divergence, RSI trendline, Trendlines, MACD-histogram .. within a week, then mark trading pairs when there are signals. Signals such as RSI cutting its trend line, price breaking through the trend line, Histogram MACD divergence... in the weekly frame, from there look to the D1, H4 frames to see the next signals in those frames to find the direction of intersection. Move in the same direction as the weekly frame signal to trade in the same trend. From that analysis, I limit my ability to go against the trend, and wait patiently for the signals that have been noted before.
- On this board you can monitor 10 transaction codes (in real time)
- On this table I have given 4 different time frames (can be customized in settings)
- I add Kumo Cloud (ichimoku) signals on 4 time frames so that people can easily recognize the trend when the price is above the cloud (green circle), in the cloud (white circle), below the cloud (green circle). red circle)
- I add fast typing mode, shortcut typing depending on each person's description including 16 fast typing modes (for example: "ru:RSI br up" in my understanding means the RSI line has broken above the trend line direction)
- From the above example "ru:RSI br up" the sign ' : ' is the separator that must be present to interpret the word 'ru' as being typed quickly, and 'RSI br up' is the part that explains the content of that word typed quickly.
- In those 16 quick typing boxes (divided into 4 rows), the first 3 rows are colored with custom boxes for each person. The last remaining row is not filled.
- The content of note boxes can be hidden in the settings using the check box.
- In particular, the private notes column cannot be hidden, because it is the column for recording, synthesizing, analyzing, identifying main trends, or waiting points to place orders... (This box is the most important in my opinion. ..)
- Has a super smart warning mode (customizable) when Kumo cloud signals are in the same color on 4 time frames for the most certain trend (green - bullish, red - bearish)
- In the warning section, you can adjust from 4 time frames to 3 time frames, 2 time frames, 1 time frame.
- Alert mode lists exact code names when one or more codes qualify. (eg BTC, ADA, BNB...)
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👉 Vietnamess
- Trong quá trình theo dõi danh sách các cặp giao dịch như cổ phiếu, tiền điện tử...tôi thường đánh dấu các tín hiệu như : phân kì RSI, MACD, Stochatic, trendline RSI, Trendline ..."bằng tay", như ghi trên bảng vẽ, hoặc excell, notepad...Vì vậy ghi chép rất hạn chế ngoài ra mỗi khung thời gian cho các tín hiệu khác nhau, không đồng nhất và rất khó để phân tích xu hướng của một cặp giao dịch nào đó.
- Sau một thời gian nghiên cứu kĩ lưỡng tôi có lập lên được chỉ báo "ghi chép Phân tích kĩ thuật " nhằm giải quyết các vấn đề nêu như trên, và sau quá trình dùng, cá nhân tôi thấy rất hiệu quả khi đánh dấu các tín hiệu giao dịch cũng như phân tích xu hướng qua các khung thời gian từ nhỏ đến lớn.
- Ví dụ: Cuối tuần tôi thường dùng chỉ báo quét tự động(khoảng 200 mã) RSI phân kì, RSI trendline, Trendlines , MACD-histogram .. trong khung 1 tuần, sau đó đánh dấu những cặp giao dịch khi có những tín hiệu như RSI cắt đường xu hướng của nó, giá đột phá đường xu hướng, phân kì Histogram MACD.. trong khung tuần, từ đó tìm đến những khung D1,H4 xem các tín hiệu tiếp theo trong các khung đó để tìm hướng giao dịch cùng hướng với tín hiệu khung tuần để giao dịch cùng xu hướng. Từ những phân tích đó tôi hạn chế được đi ngược xu hướng, và kiên nhẫn chờ đợi khi có tín hiệu được đã ghi chú từ trước.
- Trên bảng này có thể theo õi được 10 mã giao dịch(theo thời gian thực)
- Trên bảng này tôi có đưa ra 4 khung thời gian khác nhau(có thể tùy chỉnh trong thiết lập)
- Tôi đưa thêm tín hiệu Mây Kumo( ichimoku) trên 4 khung thời gian để mọi người từ đó dễ dàng nhận biết xu hướng khi giá trên mây(dấu tròn xanh lá) , trong mây(dấu tròn trắng) , dưới mây(dấu tròn đỏ)
- Tôi đưa thêm chế độ gõ nhanh, gõ tắt tùy theo diễn tả của mỗi người gồm 16 chế độ gõ nhanh (ví dụ: "ru:RSI br up" theo ý hiểu của tôi là đường RSI đã phá vỡ lên trên đường xu hướng)
- Từ ví dụ trên "ru:RSI br up" dấu ' : ' là ngăn cách phải có để diễn giải từ 'ru' là gõ nhanh, còn 'RSI br up' là phần diễn giải nội dung của từ gõ nhanh đó
- Trong 16 ô gõ nhanh đó(được chia làm 4 hàng) có 3 hàng đầu được tô màu ô tùy chỉnh cầu mỗi người. hàng cuối cùng còn lại không được tô.
- Nội dung các ô ghi chú có thể được ẩn hiện trong mục cài đặt bằng ô dấu tích.
- Đặc biệt cột ghi chú riêng tư không ẩn được, vì đó là cột ghi chép, tổng hợp , phân tích , nhận định xu hướng chính, hay điểm chờ để đặt lệnh...(ô này theo tôi là quan trọng nhất...)
- Có chế độ cảnh báo siêu thông minh(có thể tùy chỉnh) khi tín hiệu mây Kumo cùng trên 4 khung thời gian cùng màu cho xu hướng chắc chắn nhất(xanh- tăng giá, đỏ- giảm giá)
- Trong mục cảnh báo có thể điều chỉnh từ 4 khung thời gian xuống còn 3 khung thời gian, 2 khung thời gian, 1 khung thời gian.
- Chế độ cảnh báo được liệt kê tên mã chính xác khi một hay nhiều mã đủ điều kiện .(ví dụ BTC , ADA , BNB...)
Yearly and 12-Week Percentage Difference with EMAThe indicator "Yearly and 12-Week Percentage Difference with EMA" is designed to display the annual and 12-week difference in the percentage variability of asset prices, as well as their exponential moving averages (EMA) on the TradingView chart.
EMA Period (EMA Period): This is a configurable parameter that allows you to select a period for calculating the EMA.
Yearly % Difference (Annual percentage difference): This indicator shows the percentage difference between the current price and the asset price a year ago on weekly bars. The graph is displayed in blue.
12-Week % Difference (12 weeks difference as a percentage): This indicator shows the percentage difference between the current price and the asset price 12 weeks ago on weekly bars. The graph is displayed in green.
Zero Line (Zero Line): This black line on the chart shows the zero level.
EMA of Yearly % Difference (EMA of annual percentage difference): This line represents the exponential moving average (EMA) of the annual percentage difference. The graph is displayed in red.
EMA of 12-Week % Difference (EMA of the difference over 12 weeks as a percentage): This line represents the exponential moving average (EMA) of the difference over 12 weeks as a percentage. The graph is displayed in orange.
Use this indicator to analyze the percentage variability of asset prices on an annual and 12-week basis, as well as to track their EMA, which can help in making trading decisions.
Русская версия \\\\\
Индикатор "Разница в процентах за год и за 12 недель с EMA" предназначен для отображения цены от год к году, и за 12 недель процентной изменчивости цен актива, а также их экспоненциальных скользящих средних (EMA) на графике TradingView.
- EMA Period (Период EMA): Это настраиваемый параметр, который позволяет выбрать период для расчета EMA.
- Yearly % Difference (Годовая разница в процентах): Этот индикатор показывает процентную разницу между текущей ценой и ценой актива год назад на недельных барах. График отображается синим цветом.
- 12-Week % Difference (Разница за 12 недель в процентах): Этот индикатор показывает процентную разницу между текущей ценой и ценой актива 12 недель назад на недельных барах. График отображается зеленым цветом.
- Zero Line (Линия нуля): Эта черная линия на графике показывает нулевой уровень.
- EMA of Yearly % Difference (EMA годовой разницы в процентах): Эта линия представляет собой экспоненциальное скользящее среднее (EMA) годовой разницы в процентах. График отображается красным цветом.
- EMA of 12-Week % Difference (EMA разницы за 12 недель в процентах): Эта линия представляет собой экспоненциальное скользящее среднее (EMA) разницы за 12 недель в процентах. График отображается оранжевым цветом.
Используйте этот индикатор для анализа процентной изменчивости цен актива на годовой и 12-недельной основе, а также для отслеживания их EMA, что может помочь в принятии торговых решений.
EQ LEVELS / EquilibriumWhat is it, How to use it, How to adjust the settings? What Calculates EQ Level?
What is it?
EQ, Equilibrium, In the money market, the term "equilibrium" or "equilibrium" refers to the point at which supply and demand are equalised. At this point, money supply and money demand meet each other and interest rates stabilise at a certain level. Equilibrium in the money market reflects the overall financial balance in the economy
According to What Calculates the EQ Level?
Normally, there may be many different alternatives to this, but I have printed the result on the screen by adding the highest and lowest levels of the prices and averaging them to think of a simple solution.
How to use it?
I have added 4 timeframes for both long-term investors and traders to use. If you want to use which timeframe, you can select the timeframe you want from the settings and see it on the chart. For those who want to trade, my suggestion is to follow the daily eq levels and of course look at the weekly eq levels. The weekly eq level can give you an idea of what kind of price range the next day may be in.
How to Make Settings?
When you first add the indicator to the chart, it draws a line. You change it to a circle or plus in the settings, it will look like the picture I shared. I also share open source code and can make changes in the code.
Nedir?, Nasıl Kullanılır?, Ayarları Nasıl Yapılır? EQ Seviyesini Neye Göre Hesaplar?
Nedir?:
EQ yani Equilibrium, Para piyasasında "denge" veya "equilibrium" terimi, arz ve talebin eşitlendiği noktayı ifade eder. Bu noktada, para arzı ile para talebi birbirini karşılar ve faiz oranları belirli bir seviyede dengelenir. Para piyasasındaki denge, ekonomideki genel finansal dengeyi yansıtır
EQ Seviyesini Neye Göre Hesaplar?
Normalde bunun farlı bir çok alternatifi olabilir ama ben biraz basit bir çözüm düşünmek için fiyatların en yüksek ve en düşük seviyelerini toplayarak ve ortalamasını alarak çıka sonucu ekrana yazdırdım.
Nasıl Kullanılır?
Hem uzun vadeli yatırım yapanlar hem de trade yapanların kullanabilmesi için 4 zaman dilimi ekledim. Hangi zaman dilimini kullanmak istiyorsanız ayarlardan istediniz zaman dilimini seçip onu grafikte görebilirsiniz. Trade yapmak isteyenler için önerim günlük eq seviyelerini takip etmeleri ve tabiki haftalık eq seviyelerine bakın. Haftalık eq seviyesi size bir sonra ki günün nasıl bir fiyat aralığı içerisinde olabileceği konusunda fikir verebilir.
Ayarları Nasıl Yapılır?
Grafiğe indikatörü ilk eklediğiniz de çizgi çizdirir. Siz ayarlardan onu daire veya artı olarak değiştirin benim paylaştığım resimde ki gibi görünecektir. Ayrıca açık kaynak kodlu paylaşıyorum isteyen kod içerisinde değişiklikler yapabilir.
Volume Wizard - Omkar
Volume bars on up days will be in 'silver' colour.
Volume bars on down days will be in 'grey' colour.
The volume bar will ‘be red’ in colour if the latest close is below the previous close and the volume is more than the average volume.
A green circle will be plotted if the current candle volume is the least in the last 20 days.
The volume bar will be ‘blue’ in colour if the current candle volume is more than the highest volume of the down day in the last 5 days (5-day Pocket Pivot).
The volume bar will be ‘green’ in colour if the current candle volume is more than the highest volume of the down day in the last 10 days (10-day Pocket Pivot).
The volume bar will be ‘lime’ in colour if the current candle volume is more than the highest volume of the down day in the last 20 days (20-day Pocket Pivot).
The volume bar will be ‘teal’ in colour if the current candle volume is highest in the last 3 months.
The volume bar will be ‘aqua’ in colour if the current candle volume is highest in the last 1 year.
If the current volume is the lowest in the last 22 days, a tiny yellow circle will be plotted on the volume average line on daily and weekly timeframe only.
If the current volume is more than three times the average volume and the close is in the top half of the candle, a diamond will be plotted at the top of the volume bar on a daily and weekly timeframe only.
Average volume days and Pivot lookback period can be modified.
The table shows the average turnover, the number of pocket pivots in the last ‘n’ days and the up-down ratio.
The table position can be changed.
Volume Wizard - Omkar indicator provides me with insights, allowing me to make informed trading decisions, and identify potential trends.
It's my go-to companion for navigating the financial markets with confidence.
Add it to your favourites and start using it right away.
Happy trading!
Daye Quarterly Theory by toodegrees> Introduction and Acknowledgements
The Daye Quarterly Theory° tool encompasses the cyclical Time aspect of the markets as studied and developed by Daye (traderdaye on Twitter).
I am not the creator of this Theory, and I do not hold the answers to all the questions you may have; I suggest you to study it from Daye's tweets and material.
I collaborated directly with Daye to bring a comprehensive Time tool to Tradingview.
S/O to @a1tmaniac and @joshuuu for their previous works on this Theory.
> Tool Description
This is purely a graphical aid for traders to be able to quickly determine Daye's Quarterly Cycles, and save Time while on the charts.
The disruptive value of this tool is that it reliably plots forwards in Time, allowing you to strategize and tape read efficiently; as well as calculating all the Cycles, from Micro Sessions, to the Year.
> Quarterly Theory by Daye
The underlying idea is that Time is to be divided in Quarters for correct interpretation of Market Cycles. The specific starting point of a Cycle will depend on the Timeframe at hand.
Daye being one of the most prominent Inner Circle Trader students, these ideas stem from ICT's concepts themselves, and are to be used hand in hand (PD Array Matrix, PO3, Institutional Price Levels, ...).
These Quarters represent:
A - Accumulation (required for a cycle to occur)
M - Manipulation
D - Distribution
X - Reversal/Continuation
The latter are going to always be in this specific sequence; however the cycle can be transposed to have its beginning in X, trivially followed by A, M, and finally D.
This feature is not automatic and at the subjective discretion of the Analyst.
Note: this theory has been developed on Futures, hence its validity and reliability may change depending on the market Time.
This tool does provide a dynamic and auto-adapting aspect to different market types and Times, however they must be seen as experimental.
> Quarterly Cycles
The Quarterly Cycles currently supported are: Yearly, Monthly, Weekly, Daily, 90 Minute, Micro Sessions.
– Yearly Cycle:
Analogously to financial quarters, the year is divided in four sections of three months each
Q1 - January, February, March
Q2 - April, May, June (True Open, April Open)
Q3 - July, August, September
Q4 - October, November, December
Note: this Cycle is the most difficult to optimize as Timeframes become more granular due to the sheer length of its duration. With Time and advancements it will become more accurate. This is the only Cycle for which accuracy is not 100%.
– Monthly Cycle:
Considering that we have four weeks in a month, we start the cycle on the first month’s Monday (regardless of the calendar Day).
Q1 - Week 1, first Monday of the month
Q2 - Week 2, second Monday of the month (True Open, Daily Candle Open Price)
Q3 - Week 3, third Monday of the month
Q4 - Week 4, fourth Monday of the month
– Weekly Cycle:
Daye determined that although the trading week is composed by 5 trading days, we should ignore Friday, and the small portion of Sunday’s price action.
Q1 - Monday
Q2 - Tuesday (True Open, Daily Candle Open Price)
Q3 - Wednesday
Q4 - Thursday
– Daily Cycle:
The Day can be broken down into 6H quarters. These Times roughly define the sessions of the Trading Day, reinforcing the Theory’s validity.
Q1 - 18:00 - 00:00, Asian Session
Q2 - 00:00 - 06:00, London Session (True Open, Midnight New York Time)
Q3 - 06:00 - 12:00, NY Session
Q4 - 12:00 - 18:00, PM Session
Note: these Times are based on Futures Trading in New York Time, these will vary depending on the market type (experimental).
– 90 Minute Cycle:
Merely dividing one of the Daily Cycle’s Quarters we obtain 90 minute quarters. The first one in a Trading Day – 90min Cycles of the Asian Session – follows as an example, in New York Time.
Q1 - 18:00 - 19:30
Q2 - 19:30 - 21:00 (True Open)
Q3 - 21:00 - 22:30
Q4 - 22:30 - 00:00
– Micro Cycle:
Lastly, dividing a 90 Minute Cycle yields 22.5 Minute Quarters, known as Micro Sessions. An example breaking down the 90 Minute Cycle from 18:00 to 19:30 follows.
Q1 - 18:00 - 18:22:30
Q2 - 18:22:30 - 18:45 (True Open)
Q3 - 18:45 - 19:07:30
Q4 - 19:07:30 - 19:30
Note: trivially, these may not be exact unless the Timeframe is in the seconds, to correctly account for the half minute in each quarter – this said the tool is able to plot these anyways, although slight inaccuracy needs to be taken account depending on the Timeframe.
It is important to remember and be aware that the current chart’s Timeframe will heavily impact the plotted Time Cycles. This tool is in its initial form and it will be improved and adapted as traders start using it on a daily basis.
> Tool Settings
Plot Settings:
"Plot Type" will allow you to decide how the Cycles will be displayed. Out of the box the tool will be plotted on a separate pane, at the bottom of the chart; you can decide the orientation of the cycles from longest cycle at the bottom (Bottom Pane), or top (Top Pane). Alternatively you can move the tool to the chart and have the cycles plot on price (Move To -> Existing Pane Above), specifically above price (Top), or below (Bottom). The cycles will auto adjust their position based on the visible price action.
"Historical Cycles" will show previous Historical Cycles, up to where available in terms of script memory.
"Plot Size" will allow you to vary the height of the Cycle’s boxes
"Show Labels" will give you an auto-adapting legend which will help you determine which Cycle is which if you get lost.
The remaining Settings are self explanatory, allowing you to change colors, and choose which Cycles to see.
The source of the code is hidden due to the use of private libraries of mine. Happy to answer any questions in terms of code, where I will not be able to divulge any detail that concerns said libraries. Thank you for understanding!
Major thanks to Daye for his Time and Knowledge, it was a pleasure to collaborate and work together on this tool.
GLGT!
Volatility Price RangeThe Volatility Price Range is an overlay which estimates a price range for the next seven days and next day, based on historical volatility (already available in TradingView). The upper and lower bands are calculated as follows:
The Volatility for one week is calculated using the formula: WV = HV * √t where:
WV: one-week volatility
HV: annual volatility
√: square root
t: the time factor expressed in years
From this formula we can deduce the weekly volatility WV = HV * √(1 / 52) = HV / 7.2 where 52: weeks in a year.
The daily volatility DV = HV * √(1 / 365) = HV / 19.1 where 365: days in a year.
To calculate the lower and upper value of the bands, the weekly/daily volatility value obtained will be subtracted/added from/to the current price.
PTS Pi-Osc V1
The PTS - Pi-Osc know as Precision Index Oscillator by Roger Medcalf - Precision Trading Systems.
How does the Pi-Osc work?
Pi-Osc is a highly sophisticated consensus type indicator comprising of many different component signals.
A technical traders tool that measures everything from divergences to probabilities all blended into one simple to use product.
The buy and selling opportunities are highlighted by the moves away from + or - 3.14.
Simple to use for all levels of experience from beginner to expert and offers a unique edge in terms of precision.
The components that go into computations are identified below.
Money flow index provides a simple snapshot of how sold out or pumped up a stock or future really is and when measured in three different time frames gives a slick consensus view of money flow.
Relative strength index (RSI) still the No1 most popular indicator in use today as its power to identify overbought and oversold qualities in sideways markets is exceptional.
Its poor performance in trends is greatly reduced when seamlessly integrated with the PI-Osc algorithm.
Demand index being one of the designers favourite indicators for measuring the future direction caused by a large volume trade is incorporated here as well as its exceptional efficiency as a divergence indicator.
James Sibbet's creation provides an additional stellar incisive cutting accuracy to the Pi-Osc. Sibbets creation is one of the only indicators with true predictive qualities as a leading indicator.
Divergences. Pi-Osc measures divergences which occur over many look back periods from two different indicators, realising that divergences are often spurious in their reliability, the indicator only factors 4% of the total indicator
reading from these. Paradoxically the buy and sell zones have to have at least one observation of a divergence to trigger a signal.
Volume is always a factor that precedes a price change, as stock prices cannot move without a real money value being assigned to it either as a recent trade or a bid-offer order being placed.
The designer's understanding of volume patterns is a very useful addition incorporated into the Pi-Osc indicators unique conception.
Momentum frequently decelerates prior to market turning points and PI-osc is monitoring several timeframes of smoothed momentum samples in its calculations.
But unlike a conventional rate of change or momentum indicator the Pi-Osc indicator scores a neutral reading when momentum is rising or falling fast, and a reading is only factored into the output when momentum is reducing, thus
indicating a higher probability of success.
Probability is another feature of this algorithm.
Although rarely used in industry standard oscillators, the designer has added a standard deviation (2.9) factor into this indicator as the more usual 2 standard deviations used in Bollinger bands is just not reliable enough to bet hard earned cash on.
Normally distributed price sets have a 99.9% containment within 3.3 standard deviations, so when this is breached the Pi-Osc adds or deducts a further value to its output number.
Stochastics have similar attributes to RSI oscillators and have contributed a factor into PI-osc due to their smooth and reliable ability to identify buying and selling points in non trending markets.
Price patterns. Generally the industry standard oscillators just use the closing price to calculate their values, and although some indicators such as the stochastic use the high and low in their mathematics, few oscillators are actually programmed to respond to unique candlestick chart set ups.
PI-osc is setting the standard with its intelligent programming to recognise when the current chart pattern is shouting buy signals. Several of the more reliable patterns are factored into the algorithm.
When all the maths is done, Pi-Osc does an exceptional job of determining true buying and selling points.
Basically the trading interpretation is made very simple for you, as the buy and sell zones are so logically determined, not by one factor but from a large consensus "vote" from more than one different computation.
The benefits of this indicator are that it saves valuable time in "confirming technical analysis signals" and all trades know time is precious as large price changes can be missed in seconds while checking other confirming factors.
It takes the hard work out of it, and lets your computer do the brain work.
Ideally this indicator is best as an entry signal, and exits are best done with a trailing stop which has a logical trend following exit, as its quite rare that the Pi-Osc will run right to the other extreme and issue a reverse signal.
Precision Index Oscillator has now got a new rule as a result of the gradual rise in market volatility.
Apart from the other well known main rules to wait for the bounce away from Pi and trade in the direction of the major trend, the new rule is to experiment to find the best historical timeframe.
In the old days it would fire up very nicely on a 10 minute chart of most things, and still does (sometimes) but the futures markets and the very volatile cryptocurrencies now go way out of the old extremities in terms of deviations from the norm.
So it is essential to know what the market volatility is capable of on each instrument.
The point being made here is that using this on very short term time frames is not as safe as used to be.
Institutions enjoy working together to drive the prices into areas where most traders did not expect them to go, taking out all the stops and getting a better price for themselves.
So the first task after ordering this product is to create multiple minute chart settings in your Trading View platform and then click through them and there you will find hopefully find the holy grail, just like finding the best guitar,
amplifier and effects pedal settings for creating your own personalized type of music, finding the best timeframe to use you Pi-Osc is the essential work.
The holy grail usually turns out to be nothing more complex than a stop watch:
If the best setting turns out to be 15 minutes or 30 seconds on a volatile market or a 4 hours minute chart on a very volatile market then so be it.
Who cares? Does it matter?
All that matters is you find the way to get to the best results from this product.
Precision Index Oscillator has eight rules
1. Trade in the direction of the major trend
2. Find the time frame that has worked best in historical testing ( This can be a different setting for each market )
3. ALWAYS use a stop loss
4. Wait for the bounce away from Pi
5. Wait for the bounce away from Pi
6 Wait for the bounce away from Pi
7 Wait for the bounce away from Pi
8. Remember the other seven rules.
Precision Index Oscillator clarification of rules 3 to 7
This indicator can stay locked at the extreme Pi level for many bars, days, hours, minutes, seconds etc.
Taking the signal before the bounce comes is like the well known phrase "catching the falling knife".
Taking the signal before the bounce is a "Pi-Crime" and is a bad idea. Ignoring this point will likely result in losses
As Ed Seykota puts it in his usual amusing style, the problem with catching falling knives is that there are more knives than we have fingers.
He is referring to a market sell off rather than a sell off in one market.
When everything is crashing and we buy all of the crashing things at once, yes you guessed it: A painful day for the fingers!
Suggested settings for various lengths:
There are no settings to change. The beauty of Pi-Osc is there are no settings to be changed.
Your testing of "Pi signal qualifications" is confined only to selecting a time frame which appears to have offered good Pi-trades in the past.
This does not guarantee future signals will be good, and this is why risk control is essential.
Of course it is smart to experiement with different time periods of chart.
Execution of trades:
Exercise caution with this product.
Risk control is essential and risking more than 1% to 1.5% of your capital from entry price to stop would NOT be advised:
As with hunting, firing out lots of small trades in a shot gun approach will lead to better results than gambling all on the first signal you see.
There is much more chance of hitting a bird with a shot gun than a canon and the ammunition is much cheaper.
Always always use a stop loss. Something like 3 to 7 times a fifty period average true range for example.
Whilst it is often possible that a Pi-bounce appears exactly at the precise high or low of the week and could be the only one you see it is risky just to pile into it instantly as some markets produce several failed signals which continue to move in the same direction.
The safest and least risky method is to wait for the trend to change after the Pi-bounce. This is subjective to your own definition of how to measure the trend as "changing" but I would suggest waiting for a 8-20 period Exponential average to turn around before entering a trade.
Once the trade is entered you can implement a trailing stop to allow maximum potential gains and if your style is one of wanting to take quick profits then it is wise to take only some partial profits and give the move a chance to go somewhere and exit the remainder when the trend changes.
If the move was picked up near the absolute top or bottom it could be a large mistake to bail out of all of it early.
Market selection is important:
Avoid markets in endless smooth trends. These are best trading with trend following products ( Pi-Osc is not a trend following product )
Look for a choppy up or down trend or sideways market with some cycle qualities to it.
Best results are on liquid markets, you can observe the past signals and often history repeats with the good previous signals tending to indicate that future signals may also be good. (This is not certain of course)
This is also true of a market showing several historically bad signals which may be leading to more bad signals.
If the past performance of this indicator is poor on the market you are viewing, then move to another market until one is found where the readings show good price action after the signals in historical data.
Time frames:
This product can be applied to any time frame of market but be aware as is stated above, the slower time frames yield more valid signals and shorter time frames lead to more randomness and noise ridden plots of lower significance.
That said, it provides a valid reason to enter a trade and can give good results providing good stops and risk control are used. I have seen plenty of valid signals on 30 second charts right up to weekly charts.
The reliability of short term intra day time frames is usually lower than weekly or daily time frames. As 10 minute time frame is more reliable than a 30 second chart.
Please take this into consideration, try slowing down the impulses to go fast.
I am now accepting payments in USD or CHF for this product
This is not because I expect a US Dollar collapse but as a precaution to spread currency risk over different classes.
As FX rates vary substantially you can find the option that is cheaper than the other and it is fine to do that and choose the cheaper payment option.
Thanks for reading and I hope you do well with Pi-Osc on Trading View, just remember all the eight rules. You do remember them don't you?
Roger Medcalf - Precision Trading Systems
SMTV IndicatorThis indicator uses the ATR set to 2 to indicate Dynamic Support and Resistance levels. It also uses VWAP set to Weekly and a 50 Moving Average to indicate additional trend and support and resistance levels.
ATR x 2
View the Indicator on the 1H to Identify the Daily Support and Resistance levels.
This will be the Green and Red channel lines.
Red Line will indicate the daily Resistance Level.
Green Line will indicate the daily Support Level.
This is where prices are most likely to go to and either reverse or breakthrough, if it breaks either the Support or Resistance level then the next Support and Resistance Level will be marked out.
VWAP
The indicator is set to weekly, and it will indicate a Key Support or Resistance Level.
If price is above the VWAP it will indicate a Bullish Bias.
If price is below VWAP it will indicate a Bearish Bias.
You will often see bounces from this level, depending on if the Market is Bullish or Bearish.
If the VWAP is broken through and a bounce takes places then you can often see Trend reversal
Break of Structure
The indicator will also indicate when a Bullish or Bearish break off structure has occurred, which generally will indicate a trend change.
Green meaning Bullish.
Red meaning Bearish.
There is also an option to check the Buy and Sell signals box in the input, these signals will occur when a Break of Structure has taken place and the next candle after the BOS closes in the same direction as the BOS signal.
You can use this indicator on anytime frame, however you will get more false signals on lower time frames, if you wish in these times, you can set the ATR to 3 or 4 to get less false signals. It is important to view the Daily Support and Resistance levels and the VWAP and 50MA these will be the main levels with highest Risk to Reward entries. You can then use lower time frames like the 5 or 1min to find break of structure indication to indicate the direction around the daily support and resistance, VWAP and 50MA.
HTF Support & Resistance [QuantVue]The "HTF Support / Resistance" indicator highlights critical price levels across multiple timeframes helping you recognize major support/resistance areas.
Whether you're a day trader needing to understand the current day's price action, or a long-term investor looking to analyze yearly trends, this indicator can be a valuable addition to your trading toolkit.
The daily levels, which can be enabled or disabled according to your preference, will give you insights into the open, high, and low levels for the current and previous day.
Similarly, weekly levels provide information for the current and previous weeks, while monthly levels cover the current and previous months.
In addition, the indicator offers more extended views through its quarterly and yearly levels. These will help you understand long-term trends and major support/resistance areas, and they can be particularly beneficial for major support/resistance levels.
Features:
🔹Visualization: View support and resistance levels from Daily, Weekly, Monthly, Quarterly, and Yearly timeframes.
🔹Customizable Appearance: Tailor the display colors and line styles for each level according to your preferences.
🔹Clear Labeling: Each level is clearly labeled for quick identification.
🔹Extension Option: Opt to extend the support and resistance lines across the chart for better visualization.
Give this indicator a BOOST and COMMENT your thoughts!
We hope you enjoy.
Cheers.
Average Range LinesThis Average Range Lines indicator identifies high and low price levels based on a chosen time period (day, week, month, etc.) and then uses a simple moving average over the length of the lookback period chosen to project support and resistance levels, otherwise referred to as average range. The calculation of these levels are slightly different than Average True Range and I have found this to be more accurate for intraday price bounces.
Lines are plotted and labeled on the chart based on the following methodology:
+3.0: 3x the average high over the chosen timeframe and lookback period.
+2.5: 2.5x the average high over the chosen timeframe and lookback period.
+2.0: 2x the average high over the chosen timeframe and lookback period.
+1.5: 1.5x the average high over the chosen timeframe and lookback period.
+1.0: The average high over the chosen timeframe and lookback period.
+0.5: One-half the average high over the chosen timeframe and lookback period.
Open: Opening price for the chosen time period.
-0.5: One-half the average low over the chosen timeframe and lookback period.
-1.0: The average low over the chosen timeframe and lookback period.
-1.5: 1.5x the average low over the chosen timeframe and lookback period.
-2.0: 2x the average low over the chosen timeframe and lookback period.
-2.5: 2.5x the average low over the chosen timeframe and lookback period.
-3.0: 3x the average low over the chosen timeframe and lookback period.
Look for price to find support or resistance at these levels for either entries or to take profit. When price crosses the +/- 2.0 or beyond, the likelihood of a reversal is very high, especially if set to weekly and monthly levels.
This indicator can be used/viewed on any timeframe. For intraday trading and viewing on a 15 minute or less timeframe, I recommend using the 4 hour, 1 day, and/or 1 week levels. For swing trading and viewing on a 30 minute or higher timeframe, I recommend using the 1 week, 1 month, or longer timeframes. I don’t believe this would be useful on a 1 hour or less timeframe, but let me know if the comments if you find otherwise.
Based on my testing, recommended lookback periods by timeframe include:
Timeframe: 4 hour; Lookback period: 60 (recommend viewing on a 5 minute or less timeframe)
Timeframe: 1 day; Lookback period: 10 (also check out 25 if your chart doesn’t show good support/resistance at 10 days lookback – I have found 25 to be useful on charts like SPX)
Timeframe: 1 week; Lookback period: 14
Timeframe: 1 month; Lookback period: 10
The line style and colors are all editable. You can apply a global coloring scheme in the event you want to add this indicator to your chart multiple times with different time frames like I do for the weekly and monthly.
I appreciate your comments/feedback on this indicator to improve. Also let me know if you find this useful, and what settings/ticker you find it works best with!
Also check out my profile for more indicators!
Candles Preview MTFDescription:
The script displays a mini-chart with candlesticks from different symbols and timeframes (up to 8 in total). It can display up to 24 candles. You can use it on any timeframe, but it is intended to work with the same or higher timeframes than the chart's. For example: you can add a mini-chart displaying candles of the chart's symbol from Weekly timeframe, while being on Daily timeframe. The script updates in realtime, but it is not recommended to use it on very low timeframes (1 second for example).
Below you can find some examples of using the indicator:
(custom colors, highest and lowest volume in footer, symbol name with exchange in header)
(a chart with Weekly and a chart with Monthly candles, custom colors, no footer, timeframe in header)
(charts for 5 different stocks, no footer, symbol name in header)
Along with the chart it displays a header with Symbol and Timeframe, as well as footer with highest and lowest Price or Volume for selected number of candles. Each candle displays a tooltip with the following information when hovered:
- Date / Time
- Open, High, Low and Close prices
- Price change (absolute and %)
- Volume
- Volume change (absolute and %)
By default the interface changes colors if you switch to / from "Dark mode", but you can also manually customise any colors to your likings. You can also hide both header and footer, customise what information is displayed in them, show / hide the chart's grid and change its "density", choose position and height for each of the 8 charts. Additionally, you can change the timezone used to calculate time and date.
Inputs:
The indicator's inputs are separated into groups:
- Other (contains the "Timezone" parameter)
- Chart 1 (contains parameters specific for each chart)
- Chart 2
- Chart N
- ...
- Charts (contains parameters that modify all the 8 charts)
- Colors (contains parameters for styling)
How to get it:
Contact me on Tradingview using private chat, and I will grant you a 3 day trial access
On a side note:
You can share your feedback or ideas in the comments, it will help me improve the indicator. Refer to "Release notes" section for any future updates. Thank you!
Comparative Relative StrengthIn Comparative RSI We need to Use weekly timeframe
Comparative Symbol should be Nifty and CRS moving average 100.
If the Moving avg is above the 100 period Comparative Symbol that means the stock is outperforming benchmark indices and can make position in that stock and hold till it goes below Comparative Symbol on weekly basis
CoinFxPro Range indicator V 1.0This indicator has a structure that combines daily and weekly pivot levels, moving averages, and strength index-linked oscillators. The purpose of the indicator is designed to analyze price movements and identify potential trend reversals. Daily pivot levels are helpful in identifying critical support and resistance zones, while moving averages and oscillators indicate overbought or oversold situations in the price.
It is very simple to use and simple in appearance.
Triangular Signals appearing on the chart screen come when the price touches the daily or weekly support and resistance levels.
If you want the signals to be received less or more healthy, I added the filtering feature. In this way, you can filter the incoming signals through the volume or volatility filter, so that less signals are received.
On the other hand, the 4 timeframe rsi values of the price for daily use of the indicator are also given in the table.
You can change the RSI timeframes as you wish.
In this way, it is seen more clearly whether the signal is healthy and provides convenience while trading.
Evaluation of incoming signals;
First of all, when the signal occurs, pay attention to whether the RSI values that occur in the timeframe you trade and in other timeframes are overbought (red) or oversold (green).
When the signal comes, I buy or sell, especially if the RSI values in the 5 minutes, 15 minutes and 1 hour time periods are overbought or oversold.
If you wish, you can try a different strategy for yourself.
After the healthiest of the signals on the chart comes, the RSI values are also at overbought or oversold levels in 5-15 minutes and 1 hour timeframes and if there is a Trendline line above or below the price, it is out of that region.
A healthy buying or selling transaction can be made.
It should be noted that since risk = return, high risk means high return. High risk must be taken for high returns. Therefore, I recommend that you do not exceed 10% of your capital as margin when trading with leverage.
When trading, I always recommend trading with additional confirmation from a different indicator.
I also added a filtering feature to the indicator to block market structure related variables. Those who want to use can also use filtering.
I have added the automatic trendline for ease of trading. You can increase or decrease the number of trend lines as you wish.
I just published the indicator for daily use.
Scalping The Bull - BullBot for Stock and ForexName : Scalping The Bull - BullBot for Stock and Forex.
Category : Scalping tool for the Stock and Forex market, optimized for trend following and mean reversal operations.
Timeframe : Recommended to be used on timeframe 1m, 5m, 30m, 1h, 1D, depending on the specific technique.
Technical Analysis : The indicator implements the trading techniques of Scalping The Bull. Even if the techniques are exquisitely discretionary, we have written the indicator with our interpretation of the them to identify the patterns automatically. We also codified a the process described below, giving the possibility to trade mechanically. The indicator is designed for a short-term (intraday or scalping) trend-following approach, where the entry is made on the breakout of significant price levels. Entry setups are calculated by price action analysis using 5-10-50-200 EMAs as reference. According to the interaction of price action with the EMAs, patterns are generated, and the indicator finds them independently.
Suggested use :
The process follows:
1. Selection of the instrument to trade on
Given the short duration of the trades, there must be sufficient volatility and liquidity. You can add the different instruments to a TradingView watch list and then make a first skim, considering the daily percentage change. Once an instrument has been selected, the indicator allows you to check at a glance things like the Rate of Change (ROC) and the detection of opening gaps.
2. Identification of the main trend
Once in the instrument, the main trend of the underlying is identified through the 50-200 EMAs: if the fast EMA is greater than the slow one, we have a bullish trend, otherwise a bearish trend on a higher timeframe than the one in which the trade is executed. The rule is to trade in favor of the main trend. For this reason, the indicator prints to chart reference averages. It is also recommended to check the daily timeframe, always using the averages, preferring those instruments where the price follows an average without touching it too often.
3. Identification of breakout levels
Breakout levels favoring the trend are identified near the daily high/minimum, the previous day's high/minimum, or the weekly high/minimum. The indicator prints such levels on the chart with lines.
4. Identification of secondary trends and entry levels
Patterns can be divided into three categories. Trend-based ones have the function of identifying the secondary trend and then confirming the trade. Breakout patterns are used to find entry levels.
a. Trend Continuation Patterns (Price/EMA) : are used to get confirmation that the minor trend is in agreement with the major trend (i.e., Shimano, Dive, Dip, Anti-crossing).
b. Trend Change Patterns (Price/EMA) : are used to get confirmation that a minor trend in the opposite direction of the main trend is ending and therefore are used to get further confirmation of the trade (i.e., Bounce, Viagra, Return to Highs/Minimums).
c. Breakout Patterns : identify the optimal price levels for trade entry (i.e., Third Touch, Bud, Maxi Bud, Color Change).
Details on how the specific patterns are computed can be found below in the description of this indicator.
5. Definition of Stop Loss and Take Profit
Once the entry price is calculated, different types of Stop Loss (e.g., relative minimum of Tot candles, first or second average below price, price levels) and Take Profit (relative maximum of Tot candles, first or second average above price, price levels) can be considered. A risk/reward ratio of at least 1.2 should always be considered, depending on one's risk appetite.
6. Define the position management strategy
Normally, when a mock breakout is executed, the advice is to exit the trade as soon as possible or at least to bring the stop-loss to break even. A trailing stop on relative lows or the nearest average is also possible.
7. Enter the position
Usually, with a stop order, follow the rules defined in the previous steps.
Configuration :
Graphical configuration :
Show ROC filter : turns the background green when the asset has enough volatility to activate patterns.
Show Legend : enables the description on the lines of the trigger points.
Show Table : displays the volatility table where the GAP and ROC (Rate of Change) information is present.
Show Take Profit % - Automatic : shows the percentage scale that automatically adjusts to the volatility of the chart to identify the Take Profit and Stop Loss at a glance.
Label color : adjusts the color of the labels.
Trigger Point Colors : Adjust the colors of the trigger points.
Trigger Points
Today's highs and lows : draw on the chart the closing price of Yesterday, the opening price of the daily candlestick, and the highs and lows of the day (high in purple, low in red, Yesterday's close in green, and open in orange).
Yesterday's highs and lows : draw on the chart the highs and lows of the previous day (high in yellow, low in red). An alert can be activated with a % offset.
Weekly highs and lows : draw the highs and lows of the previous week on the chart (high in white, low in red). An alert can be activated with a % offset.
Price Patterns :
Gap : a label and an alert can be activated.
Pay..!! : a label and an alert can be activated.
Third Touch and Third Touch on EMA : a label and an alert can be activated.
Return to Highs : a label and an alarm can be activated.
Return to Lows : a label and an alarm can be activated.
Long and Short Color Change : a label and an alert can be activated.
EMA Patterns :
Viagra long and short : a label and an alert can be activated for the specific market and EMA situations.
Shimano : a label and an alert can be activated with a configurable candlestick threshold.
Emergence - Dive : a label and an alert can be activated.
Anti-crossing - Anti-crossing short : a label and an alarm can be activated.
Bounce on EMA long and short : a label and an alert can be activated with a configurable tick tolerance.
Bud - Maxi Bud - Bud Short : a label and an alert can be activated on all timeframes.
Alerts :
Activate all alerts : you can activate alerts by clicking on Alerts, then on the condition "BullBot" and then on "Any alert() function.". So that you know, creating alerts on the price-EMA crossing is also possible.
Patterns :
The list of patterns that are automatically recognized by the indicator follows.
Gap : indicates when a Gap Up or Gap Down occurs at the opening of a session, particularly useful in the equity markets.
Pay : signals when the stock has risen by a sufficient percentage to be tradable, adjusts the triggering of many bounce and breakout patterns.
Viagra : signaled for both a long and short setup, indicates an overbought or oversold situation by the appearance of gaps and a series of consecutive candles contained by the fast EMAs (5 -10) depending on the market of reference.
Third touch and third touch EMA : signals a breakout conformation, indicated when three touches occur at the same price level or below one of the slow EMAs (50 - 200).
Shimano : detects lateralization between Ema 50 and Ema 200, indicating that we are in a retracement phase and that a new impulsive move may soon develop.
Emergence - Dive : these are the main patterns for identifying the trend. The indicator signals when the EMA 50 and 200 are approaching to anticipate their crossing to the top or bottom.
Anti-crossing long - Anti-crossing short : occurs when the price, after an important impulse, makes a retracement to the EMA 200, bringing the EMA 50 to approach it without ever touching it, but before the cross, an opposite impulse determines the end of the retracement and the resumption of the trend in place.
Rebound : signals in the first rebound on the EMA 50 and EMA 200 after an impulse that recorded new highs or lows.
Return to the Highs - Return to the Lows : this pattern is closely related to rebounds. It indicates that the price is approaching the highs or lows again after a rebound on a slow EMA.
Change Color : is based on the previous session's closing price. It indicates when the price is approaching either from above or below this level, which determines the Color of the daily candlestick.
Bud - Maxi Bud - Bud Short : Bud occurs when the price breaks above EMA 10, and there are at least two consecutive candles between the high and low of the breakout impulse. Maxi Bud signals near the day's highs when this situation occurs, and Bud Short signals the breakout levels for a short trade.
Average Range Levels [Pro+]Description:
The Average Range Levels builds on the concepts of ADR projections showcased in its lite version.
Average Daily Range (ADR) is a common metric used to measure volatility in an asset. It calculates the average difference between the highest and lowest price over a time interval – normally five days.
The Inner Circle Trader teaches the importance of this metric from an algorithmic point of view; in particular the 1/3ADR price level is deemed to be a threshold used to determine the area at which a Judas Swing – false move to trick market participants, protraction, manipulation – might exhaust.
Another key difference in the ICT-use of this metric compared to the classic approach is that the average range is calculated from New York midnight Time, rather than the daily candle's open.
This exact concept was upscaled to higher Timeframe fractals obtaining the Average Weekly Range (AWR) and the Average Monthly Range (AMR). The latter two metrics are anchored at the first Monday’s midnight (New York Time) of the respective interval – however they also have the option to be anchored at the True Week Open (Tuesday’s Daily Open) and True Month Open (Second Week Open).
It is crucial to remember that the elements of Time are key when it comes to interpreting how price action will, or won't, react to these levels: what Time of the day is it? what day of the week? what week of the month?
If one thinks about the Power of Three of a candle (Accumulation, Manipulation Distribution), it is highly unlikely that a Manipulation event will happen later in the candle’s development – seeing the 1/3ADR hold in London session or New York open, seeing the 1/3AWR hold on Tuesday or Wednesday, or seeing price race to the 1/3AMR early on in the month gives undeniable edge to an Analyst.
Apart from the 1/3 level seen from a Judas perspective, the opposing 1/3 level, and the full AR projections, are excellent algorithmic levels at which we will see orderflow or reactions worth studying. These can be take profit targets, reversal opportunities, pyramid entries, …
Last but not least, the tool is equipped with a Data Table. You have a clear narrative but you are unsure of when price will expand? Track the previous 5 ARs and the current Range for Daily, Weekly, and Monthly – the smaller the AR the higher the chance for an expansion, the larger the AR the higher the chance for a consolidation.
Tool Features:
Auto Color the drawings based on your chart’s background or choose your own
Decide whether to consider daily candles, or New York (00:00 to 00:00 NY Time) for the basis of the calculation
Show the last 10 Historical Levels
– See the AR Range, the AR price levels and 1/3AR price levels by hovering over the text labels
Plot the AR levels from their Time Anchor, or as offset markers on the side for a cleaner look
Show/Hide all elements individually
In the Idea below, you can see how INDEX:BTCUSD hit the 1/3AMR level at the end of the second week of the month. The subsequent rejection from this level suggests we might have witnessed a Judas Swing, hence we flip to bullish bias.
In the more recent AWR levels, we can see how price did not touch any level until friday – this is a consolidation week with low probability setups. This was expected, if one looks at the precious two week's ranges and respective average ranges in the Data Table: both breached the AR value, due to to the great expansion higher.
Lastly for the ADR levels we can see how the Judas higher got beautifully stopped at the 1/3 level, and the full ADR level on the opposite side catches price while it falls.
To Get Access, and Level Up see the Author's Instructions below!
This indicator is available only on the TradingView platform.
⚠️ Intellectual Property Rights ⚠️
While this tool's base concepts are public, its interpretation, code, and presentation are protected intellectual property. Unauthorized copying or distribution is prohibited.
⚠️ Terms and Conditions ⚠️
This financial tool is for educational purposes only and not financial advice. Users assume responsibility for decisions made based on the tool's information. Past performance doesn't guarantee future results. By using this tool, users agree to these terms.
Probability Box Rule of Thirds [PPI]█ Probability Box Rule of Thirds
The Probability Box Rule of Thirds , is a visual indicator that helps traders identify possible overbought and oversold conditions. It does this by dividing the price range – highest high minus the lowest low of a given lookback period or date range – into thirds. Each third has distinct probability characteristics and when combined represent a probability box.
We have spent years refining the probability box concept, and have previously published a How To on Trading View – "How to Trade Probability Ranges – The Critical Rule of 1/3" which can be found here:
To quickly summarize the How To – when using the Rule of Thirds , you are using a combination of statistics, probabilities of success, and prior price action to determine when to enter a trade. The visual range division helps remove subjectivity and clearly shows when the trading odds are stacked in your favor. By identifying and taking higher probability trades, you have a higher chance of success as trading is all about probability and risk management.
Implementing the Rule of Thirds starts with finding an instrument that is consolidating and identifying the nearest important support and resistance levels based on your targeted trading timeframe or lookback period.
The range between the support and resistance levels is divided into thirds to form three zones within the consolidation range.
When going LONG , you want to BUY in the bottom third of the range. Once you buy, your objective is to hold during the middle third and sell when the price enters the top third.
When you buy in the lower third, there's a 66.6% probability of success. If you buy in the middle third, you only have a 50% / 50% chance of success. Going long in the top third of the range gives you a 33.3% chance of success as you are already close to the identified resistance level.
When going SHORT , the sequence and odds are reversed. You want to SELL in the top third of the range, hold the middle third and exit in the bottom third of the range. This gives you a 66.6% chance of success when entering in the top third, a 50% / 50% chance when entering in the middle third, and a 33.3% chance in the bottom third given you are already close to the identified support level.
When the price lies in the middle third, the even 50% / 50% odds provide no probability edge and a trader is better off waiting until the price reaches the upper or lower thirds of the price range.
The Rule of Thirds allows us to quickly visually evaluate trades based on probabilities, selectively enter trades that have the highest odds of success, and avoid likely losing trades. The Rule of Thirds gives you confidence to hold trades based on prior trading ranges and provides clear levels where the prices are likely to either reverse or start trending.
The Probability Box Rule of Thirds automatically implements the first two steps of the Rule of Thirds by using the highest high and lowest low of a given lookback period to identify the support and resistance levels, and automatically divides the range into thirds. The rest of the Rule of Thirds rules remain the same.
Just having the price within the bottom thirds or top thirds, however, does not mean the price will immediately reverse. The GE chart below is an example of a stock that remained 'stuck' in the upper thirds of the price range for an extended amount of time:
And the CVS chart below is an example where the price is 'stuck' in the lower thirds of the price range:
While the price is in the upper or lower thirds, it is very important that the trader should use other indicators to identify when a significant trend reversal occurs. Once a trend reversal event happens, the trader either enters a trade AND/OR exits a trade if already in one.
When the price exceeds the bounds of the probability box, there are three possible outcomes – a strong continuation trend, the price consolidates around the probability box edge, or a trend reversal. Your favorite indicators will help determine which event is happening.
The CVS chart above is a good example of the probability box being exceeded with the last bar. The price exceeding the price range is temporary event as the price range will expand to encompass the revised price range on the next trading day.
█ Indicator Features
Each supported timeframe – Monthly, Weekly, and Daily – allows the selection of an appropriate lookback period for your trading style. The defaults are a good starting point for swing trading and long-term investing. You many need to experiment to find the optimal lookback period for your trading style.
Even if you only day trade, the Probability Box Rule of Thirds with the appropriate lookback periods can help you visualize the bigger picture of where the instrument is heading.
When viewing the charts, you can find the currently selected lookback period above the upper edge of the price range.
The indicator will display a dotted yellow line at 50% of the price range and show the line's value when requested.
The visibility of the actual thirds and border price values are controlled by the " Show Probability Box Values " checkbox. You may need to expand the chart's right margin to see the values.
The " Show Internal Labels " checkbox controls the display of the internal ⅓ Division labels and the percentage odds, along with the 50% label. This option by default is set to off.
The " Show Error Messages " checkbox controls the display of error messages and by default is turned on. Turn off to prevent error messages from being shown on intraday timeframes. Save as indicator default to prevent having to turn off this setting each time added to chart.
The color and transparency controls allow the user to modify the colors used for each third. The default settings are optimized for use with a DARK background.
█ Implementation Notes
IMPORTANT - the Probability Box Rule of Thirds is set up to only handle Monthly, Weekly and Daily charts. This is intentional as the indicator is designed to be used for safer multiple day and longer swing trades. When viewed on intraday charts, the indicator will be hidden.
The Probability Box Rule of Thirds uses a rolling window of the equivalent number of bars for the lookback period rather than relying on the bar starting and ending dates. This allows the use of a standard number of days in the selected lookback window across various instruments and ensures fast, efficient calculations.
The lookback periods are adjusted when non-standard timeframe multipliers are used – e.g., a 12M chart timeframe and a 3-year lookback period will result in a 3 bar lookback. Fractional bars in this calculation are rounded up and any incompatible lookback period and chart timeframe combination will generate a runtime error.
In summary, the Probability Box Rule of Thirds automates and visually identifies overbought and oversold areas, which combined with the Rule of Thirds probability risk profiles, increases your odds of success through better trade selections and higher confidence in your trades.
█ Disclaimer
There is substantial risk in trading. Losses incurred in trading can be significant. Only trade with money you can afford to lose. We make no claims whatsoever regarding the impact of past or future performance on your trading results.
HTF Candle Support & Resistance «NoaTrader»This script uses higher timeframe candle's High, Low & Close as a source for drawing a line representing potential Supports and Resistances.
The more lines you see on a level, probably the more important that level is.
The script has a single input for setting the source candle's timeframe, so it can be used on any timeframe with the proper settings. For example, higher timeframes like weekly and monthly can use "3M" or "12M" settings, Daily timeframes with "W", or even lower timeframes like minutes and seconds with "240" and "60" (M means monthly candle, W is weekly, and numbers are for minutes.)
As you can see on the code:
Red lines represent candle's High.
Green lines represent candle's Low.
Blue lines represent candle's Close.
Give it a try on different timeframes with different settings to see interesting gaps between lines!
Price Action and market structure [Tcs] | PAThis indicator shows in real time the clearest and most complete vision of the price market structure, without considering volumes.
It has been developed mainly to identify price retracements in order to find the best entries in the market, but it include also other features which can be helpful for traders.
The indicator detects and highlight on the chart the market movement in multiple ways, including swing high, swing lows, the break of structure (BoS), change of character (CoCh), possible retracement movement, trend-lines generated through pivots, fibonacci and quarters theory levels based on previous pivot and daily, weekly and monthly highs and lows.
It can be set up on two different pivots look-back, one faster and one slower, to simplify the development of strategies for traders.
A longer look-back can detect a "slower" and less noisy structure, which can be more useful to detect massive retracements, while a shorter look-back can be useful to detect faster market moves, perfect for scalpers and to develop small price movement strategies.
Indicator features:
- Trend detection highlighted with colors - candles are colored in four different colors, and it's possible to choose if detect the fast and slow trend:
• Bullish move after structure break – green
• Bullish retracements – gray
• Bearish move after structure break – purple
• Bearish retracements – white
In this way traders can have a realtime vision of when the market is retracing in order to find better entries than entry immediately on a break of structure. It can be integrated with order blocks, ema or others indicators which can be helpful as support or resistance.
- Pivots and structure labels - in order to identify immediately if the trend is bullish, bearish or is changing direction:
• BoS + and BoS - are the bullish and bearish break of structure, respectively, and are colored to indicate a slower look-back, in gray to indicate a faster pivot look-back
• CoCh + and CoCh - are the bullish and bearish change of characters, respectively, and are colored to indicate a slower look-back.
• HH, HL, LL, and LH indicate the pivots of the trend. Al the pivots appear just when the pivots, based on fast or slow pivot look-back are confirmed
- Zigzag - The zigzag line helps to remove market noise and read the market structure in a simpler way.
• It's possible to select the zigzag line based on the slow or fast trend.
• Fast pivot look-back
•Slow pivot look-back
- Quarters theory and Fibonacci retracement:
• It creates a retracement that can be based on the fast or slow trend and small or big market move.
• The retracement is both bullish and bearish and includes the major Fibonacci levels and the most valuable areas from the quarters theory of market retracement.
• This helps to detect good entry points.
- Support and resistance, Daily, weekly, and monthly high, lows - just to heave a more clear view of important levels:
• It plots the highest and lowest pivot points based on the selected look-back.
• It plots the highs and lows of the day, week, and month.
- Trendlines:
• It plots the trend-lines based on past pivots.
• Here as well, it is possible to choose between fast and slow trend pivot look-back.
It's important to highlight that the indicator remarks on all facets of pure price action, not the smart money concept or liquidity areas.
Please note that this indicator is for educational purposes only and should not be used for trading without further testing and analysis.
