Range Sentiment | FractalystWhat’s the purpose of this indicator?
This indicator aims to calculate the percentage level of bullish or bearish fluctuations within equally divided price sections, in the latest price range.
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How does this indicator calculate the current sentiment?
This indicator calculates the current sentiment by identifying the highest swing high and the lowest swing low, then evenly dividing the distance between them into percentage amounts. If the price is above the 50% mark, it indicates bullishness, whereas if it's below 50%, it suggests bearishness.
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Is this sentiment the same as the ones on online websites?
No, the sentiment as discussed earlier, is based on analyzing price action on charts and calculating the current range in percentage.
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What methods do other websites typically use to determine market sentiment?
1. Broker Data Aggregation: Compiling data from various forex brokers to assess the percentage of long and short positions taken by traders.
2. Lot Size Analysis: Considering the size of positions taken by traders, where a significant number of large positions in one direction may indicate strong bullish or bearish sentiment.
3. Order Flow Analysis: Tracking the flow of orders in the forex market, with an increase in buy orders suggesting bullish sentiment and a surge in sell orders indicating bearish sentiment.
4. Sentiment Surveys: Conducting surveys among forex traders to gather opinions about future price movements and gauge sentiment.
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What are the options to display the current market sentiment?
1. Table - located at top centre of your charts
2. Label - indicating the 50% level of the current range mentioned above
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How can I analyze how the sentiment worked on historical data?
There are 3 available options:
1. Shapes
2. Candles
3. Background
- White colour/transparent background denote a weak or uncertain trend, where the bullish or bearish degree is less than 60%.
- Blue colour indicates that the price is trading bullish.
- Red colour indicates that the price is trading bearish.
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On what market and timeframe this indicator operates on?
The Range Sentiment indicator is applicable to all markets and timeframes.
When switching between timeframes, the values remain consistent because it utilizes the daily bias to determine the sentiment for the current day.
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How can I use this indicator?
1. Add "Range Sentiment | Fractalyst" to your TradingView chart.
2. Choose the pair you want to analyze or trade intraday/during session.
3. Make sure the sentiment is showing you a bullish or a bearish degree of higher than 60%.
(To avoid potentially choppy price action)
4. Use your favourite entry model to trade in the same direction that the sentiment is showing you.
5. Determine your take profit based on the daily swing level OR previous daily high if the bullish degree is above +60% and previous daily low if the bearish degree is +60%.
6. Risk adjustment and Trade management based on your personal preferences.
Example:
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User-input settings and customizations
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What makes this indicator original?
1. It utilizes the daily timeframe's current range to determine the day's bias degree in percentage.
2. Apart from presenting the current sentiment in a sentimental table, it also visualizes the 50% threshold as a label, indicating where price may shift direction from a sentiment perspective.
3. It offers the feature to analyze historical data, allowing users to observe indicator performance through shapes, candles, and background colors.
4. By integrating market sentiment directly into the charts, it simplifies the trading process, removing the reliance on online websites and services for sentiment analysis, which often rely on limited brokerage data and resources.
5. Unlike most sentiment websites that primarily focus on forex pairs sentiment data, this indicator stands out by its capability to analyze sentiment across all markets. Moreover, it provides real-time updates, ensuring traders have access to the latest sentiment information regardless of the market they are trading in.
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Terms and Conditions | Disclaimer
Our charting tools are provided for informational and educational purposes only and should not be construed as financial, investment, or trading advice. They are not intended to forecast market movements or offer specific recommendations. Users should understand that past performance does not guarantee future results and should not base financial decisions solely on historical data.
By continuing to use our charting tools, the user acknowledges and accepts the Terms and Conditions outlined in this legal disclaimer.
Sentiment
[Support and Resistance with Trend Lines] with Backtest (TSO) with Backtest (TSO)
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This indicator serves as a comprehensive full-cycle trading system, providing alerts at each stage of the trade, from opening to closure. The algorithm uses most recent and historical S&R (Support and Resistance) levels with most recent and historical Trend Lines, generating signals for trades when Breaks/Bounces occur (Trade Open Signal triggers can be configured via very customizable indicator Input "Signal Trigger Matrix" settings). With signal for trade open, TP (Take Profit and SL (Stop Loss) levels are calculated as well and marked on the chart including alerts for each action of the trade. The indicator offers a variety of automated approaches for TP (Take-Profit) and SL (Stop-Loss) settings. These include static current/historical S&R (Support and Resistance) levels or S&R/Trend Lines dynamic breaks for TP (Take-Profit) and various SL (Stop-Loss) approaches, including ATR Trailing SL, opposite S&R (Support and Resistance) levels SL, opposite Trend Lines SL and more. This diverse set of tools ensure flexibility in tailoring TP (Take-Profit) and SL (Stop-Loss) parameters to different market conditions, contributing to a more adaptive and robust trading system. Additionally, a series of signal analysis tools, including market sentiment, candle bar analysis, divergence, and volume, enhance the precision of trading signals.
* Works with popular timeframes: 1M, 3M, 5M, 15M, 30M, 45M, 1H.
* Works well with Futures and Indices, can be used to trade Stocks, Crypto and FOREX.
* Includes LIVE alert/labels Breakouts and Bounces signal trigger feature, which can be used for scalping (NOTE: This approach cannot be backtested).
* Every action of the trade is calculated on a confirmed closed candle bar state (barstate.isconfirmed), so the indicator will never repaint.
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Indicator examples:
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Strategy Config: SRTL_MES_15M3Y_EODoff_ALL
Here is a nice example of MES (Micro E-Mini S&P 500 Index Futures) configuration, which uses S&R (Support and Resistance) breakouts as signal trigger with Elliot Wave confirmation and previous S&R historical levels for TP (Take-Profit).
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An example of an intraday Tesla trade. Also the green arrows will be displayed IMMEDIATELY when Breakout/Reverse Bounce occurs (same an Alert will be triggered immediately).
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Trading open/close/TP/SL labels, plots and colors explanations:
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>>> S&R (Support and Resistance) levels/lines: orange - support, blue - resistance (can be hidden).
>>> Trend Lines: yellow - support, green - resistance (can be hidden).
>>> Blue labels show resistance breakouts and bounces, light-blue - bullish, dark-blue - bearish
>>> Yellow labels show resistance breakouts and bounces, light-yellow - bullish, dark-yellow - bearish
>>> Green/Red arrows on top/bottom of candle bar will show LIVE breakouts (if turned on)
>>>>> LONG open: green "house" looking arrow below candle bar.
>>>>> SHORT open: red "house" looking arrow above candle bar.
>>>>> LONG/SHORT take-profit target: green/red circles (multi-profit > TP2/3/4/5 smaller circles).
>>>>> LONG/SHORT stop-loss target: green/red + crosses.
>>>>> LONG/SHORT take-profit hits: green/red diamonds.
>>>>> LONG/SHORT stop-loss hits: green/red X-crosses.
>>>>> LONG/SHORT EOD (End of Day | Intraday style) close (profitable trade): green/red squares.
>>>>> LONG/SHORT EOD (End of Day | Intraday style) close (loss trade): green/red PLUS(+)-crosses.
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STATS TABLE ///////////////////////////////////////////////////////////////
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>>> Trading STATS table on the chart showing current trade direction, Last TP (Take-Profit) Taken, Current Trade PL (profit/loss in price difference from trade open to the very current state).
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CUSTOM TRADING DATE RANGE /////////////////////////////////////////////////
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>>>>> This feature can be used to manually set indicator trading range from and to a specific date and time. NOTE: This is not intended for a very long date range backtesting, utilize TradingView Strategy Tester for that.
* Use TradingView “Strategy Tester” to see Backtesting results
NOTE: If Strategy Tester does not show any results with Date Ranged fully unchecked, there may be an issue where a script opens a trade, but there is not enough TradingView power to set the Take-Profit and Stop-Loss and somehow an open trade gets stuck and never closes, so there are “no trades present”. In such case - manually check “Start”/“End” dates or use “Deep Backtesting” feature!
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INTRADAY ACTIVE TRADING SESSION CONFIGURATION /////////////////////////////
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>>> Regional Active Trading Session Hours Schedule: If selected - trades will only open during regional active trading session, if 'OFF', there will be no trading schedule and trades will open 24/7.
>>> EOD(End of Day) Close - On/Off: Close the trade if it's still open at the end of active trading session (on the very last candle bar). NOTE: If no region is selected at 'Regional Active Trading Session Schedule' - there will be no EOD(End of Day) Close and trades will run overnight until either SL(Stop-Loss) or TP(Take-Profit) is hit!
>>>>> EOD(End of Day) Close - 1 candle bar before last: This is specifically for stocks as while usually indices can be closed 15minutes after the market closes, for stocks - the last candle bar closes at the same time with the market active trading session, which if closed - trades can't be closed until next day/session! Enable this setting for the trade to close/alert 1 candle bar before the last one, so there is still time to close the trade at the Broker (NOTE: depending on the timeframe, 1 candle bar can be: 15sec, 30sec, 1min, 3min, 5min, 15min, 30min, 45min, 1h).
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SIGNAL TRIGGER MATRIX ////////////////////////////////////////////////
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>>> Trading Engine: This setting turns on TradingView Strategy trading engine for backtesting.
>>> Market Session Only: With this setting turned on, all signal trigger Breaks/Bounces will be hidden during Pre/Post market time.
>>> Plot S&R Levels/Lines: Plot S&R (Support and Resistance) on chart. Note: historical levels/lines will only be plotted if hit (Break/Bounce).
>>> Plot Trend Lines Levels/Lines: Plot Trend Lines levels/lines on chart. Note: historical levels/lines will only be plotted if hit (Break/Bounce).
>>> Use S&R Current Levels | Use S&R Historical Levels | Use Trend Lines Current Levels | Use Trend Lines Historical Levels |: Choose which levels should be used for Breaks/Bounces to be captured on. If all triggers are turned on/checked - whatever happens 1st wins the trigger.
>>> Breaks | Bounces: 'Breaks': Turn on Breaks through levels/lines signal trigger. | 'Bounces': Turn on Bounces off levels/lines signal trigger.
>>> Signal: Regular | Signal: S&R Combo | Signal: TL Combo | Signal: S&R + TL Combo | Signal: Repeat Action |: Trade open signal trigger execution approach MATRIX (If 1 or more turned on at the same time - whatever comes first will be the trade signal trigger). 'Regular': A single Break/Bounce must occur on a closed bar for signal trigger. 'S&R Combo': A combination of 2 Current + Historical S&R (Support and Resistance) Break/Bounce must happen in the same direction on same bar for signal trigger. 'TL Combo': A combination of 2 Current + Historical Trend Lines Break/Bounce must happen in the same direction on same bar for signal trigger. 'S&R + TL Combo': a combination of ANY S&R and Trend Line Break/Bounce must happen in the same direction on same bar for signal trigger. 'Repeat Action': Initial and then confirmation (2nd/3rd/etc. consecutive occurence) Break/Bounce must occur on same level/line for signal trigger.
>>> Historical - Look Back (# of days): How far back (in # of days) will historical S&R/Trend Lines will be used for Trade Open signals/TP/SL/etc.
>>> Historical - Look Back Invalidation (# of days): IF THERE IS TOO MUCH HISTORICAL LEVELS/LINES ON CHART - LOWER THIS SETTING + MAKE SURE IT'S SMALLER THAN 'Historical - Look Back (# of days)'. With big Look back period (5+ days) - it can become very messy with too many historical levels/lines. To clear oldest historical levels/lines - set Look Back Invalidation # of days to less than Historical Look Back # of days. (After X # of Look Back Invalidation days - older levels/lines will become invalidated and no longer used for opening trades/TP (Take-Profit)/SL (Stop-Loss), while newer levels/lines will still be discovered.
>>> S&R/Trend Lines - Support/Resistance combined into 1 entity: Every level or a line becomes simply a level or a line, regardless if it originally was a support or resistance. By default, depending on the level/line originally being support or resistance - the signal direction will be such as: Resistance is broken > LONG / bounced > SHORT; Support is broken > SHORT / bounced > LONG; with this setting on, either level or line can be both broken or bounced off in ANY direction, trade open direction will depend on current market sentiment only.
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S&R CONFIGURATION ////////////////////////////////////////////////
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>>> S&R Search - Left Bars (current): This setting is for calculating optimal S&R (Support and Resistance) levels (in combination with below - Right Bars).
>>> S&R Search - Right Bars (current): This setting is for calculating optimal S&R (Support and Resistance) levels (in combination with above - Left Bars).
>>> S&R Search - Custom Resolution (current): This is a custom timeframe setting specifically for S&R Search, it disregards current chart timeframe. This is great to use for scalping, for example: with main chart set to 1min and the custom timeframe set to 3min or 5min - there will be stronger support/resistance levels with more detailed price action.
>>> S&R Search - Left Bars (historical): This setting is for calculating optimal S&R (Support and Resistance) levels (in combination with below - Right Bars).
>>> S&R Search - Right Bars (historical): This setting is for calculating optimal S&R (Support and Resistance) levels (in combination with above - Left Bars).
>>> S&R Search - Custom Resolution (historical): This is a custom timeframe setting specifically for S&R Search, it disregards current chart timeframe. This is great to use for scalping, for example: with main chart set to 1min and the custom timeframe set to 3min or 5min - there will be stronger support/resistance levels with more detailed price action.
>>> S&R - Historical S&R Levels - Extend to the right: Extend all S&R lines to the right.
>>> S&R (Current/Historical) - Live Breakout/Bounce - ALERT/SHOW: NOTE: Alert wlil trigger immediately at price Breaking thru or Bouncing off level/line and an arrow above /below the bar will show the direction of breakout/bounce. If on that same live bar - price comes back causing the Breakout/Bounce become no longer valid - the arrow will disappear as the condition of the Break/Bounce will no longer be valid.
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TREND LINES CONFIGURATION ////////////////////////////////////////////////
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>>> Show: Trend Line development (where it 'did not exist' yet): It takes 2 pivots to develop a trend line, pivot is established at least 3 candle bars later from where the pivot is. With this setting turned on - it will plot dashed lines where trend lines originated connecting the 1st and 2nd pivot point up to where the trend line became established (where in reality you would now be able to draw a certain trend line). Established already generated trend line are plotted with a solid line.
>>> Trend Lines - Line Slope Confirmation: LONG breakout will only be shown if trend line is goind downslope \. SHORT breakout will only be shown if trend line is goind upslope /.
>>> Trend Lines - Search - Left Bars (current): This setting is for calculating optimal Trend Lines.
>>> Trend Lines - Search - Right Bars (current): This setting is for calculating optimal Trend Lines.
>>> Trend Lines - Custom Resolution (current): This is a custom timeframe setting specifically for S&R Search, it disregards current chart timeframe. This is great to use for scalping, for example: with main chart set to 1min and the custom timeframe set to 3min or 5min - there will be stronger support/resistance levels with more detailed price action.
>>> Trend Lines - Search - Left Bars (historical): This setting is for calculating optimal Trend Lines.
>>> Trend Lines - Search - Right Bars (historical): This setting is for calculating optimal Trend Lines.
>>> Trend Lines - Custom Resolution (historical): This is a custom timeframe setting specifically for S&R Search, it disregards current chart timeframe. This is great to use for scalping, for example: with main chart set to 1min and the custom timeframe set to 3min or 5min - there will be stronger support/resistance levels with more detailed price action.
>>> Trend Lines - Historical Trend Lines - Extend to the right: Extend all Trend Lines to the right.
>>> Trend Lines (Current/Historical) - Live Breakout/Bounce - ALERT/SHOW: NOTE: Alert will trigger immediately at price Breaking thru or Bouncing off level/line and an arrow above /below the bar will show the direction of breakout/bounce. If on that same live bar - price comes back causing the Breakout/Bounce become no longer valid - the arrow will disappear as the condition of the Break/Bounce will no longer be valid.
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TAKE-PROFIT/STOP-LOSS CONFIGURATION ///////////////////////////////////////
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>>> TP (Take-Profit) System: 'S&R Static Current/Historical': TP (Take-Profit) is calculated using current/historical S&R (Support & Resistance) levels at trade open and remains static. 'S&R/Trend Lines Dynamic Breaks': TP (Take-Profit) is fully dynamic and will be trigger at price above trade open price and with Breakout occurence (S&R or Trend Line current/historical breakout).
>>> TP (Take-Profit) # of targets: It is wise to divide the trade into several profit targets. With this setting - up to 5 TP (Take-Profit) targets can be approached. The trade will be equally divided up by the selected # of TP (Take-Profit) targets.
>>> SL (Stop-Loss) System: 'ATR-Trailing-SL': SL (Stop-Loss) is trail-following the ATR (Average True Range) line, NOTE: If at signal trigger, ATR will be against the trade direction - trade open signal will be skipped; 'S&R-Static-SL': SL (Stop-Loss) is set at trade open per optimal most recent S&R level and remains there until trade closes; 'TrendLines-Static-SL': SL (Stop-Loss) is set at trade open per optimal most recent trend line and remains there until trade closes; 'TrendLines-Dynamic-SL': SL (Stop-Loss) will be set per current opposite trend line and follow it until trade is open.; 'Oppos-Sig-Trd-in-Loss': SL (Stop-Loss) will trigger at opposite signal with trade currently at loss.
>>> SL (Stop-Loss) - On/Off: Without SL (Stop-Loss), unless EOD (End of Day) Close is turned on - there will be no SL (Stop-Loss) at all!
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MARKET SENTIMENT CONFIRMATION ///////////////////////////////////////
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>>> Market Sentiment: Signal is confirmed per Market Sentiment direction. If Market Sentiment is turned off - whatever signal comes 1st will be the trade open trigger.
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SIGNAL ANALYSIS AND CLEANUP ///////////////////////////////////////////////
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>>> Signal Cleanup - Bar Color: Include Bar Color (bullish/bearish) confirmation, LONG signal will only be opened if signal bar is green/bullish, SHORT if red/bearish.
>>> Signal Cleanup - Bar Directional Structure: Skip opposite bar structure types signals (For example: bearish green hammer).
>>> Signal Cleanup - Bar Doji Skip: Skip doji (indecisive) candles signals.
>>> Signal Cleanup - EWO (Elliott Wave Oscillator): Include EWO (Elliott Wave Oscillator), LONG will only be opened if EWO is bullish / SHORT if EWO is bearish.
>>> Signal Cleanup - VWAP (Volume-Weighted Average Price): Include VWAP (Volume-Weighted Average Price), LONG will only be opened if price is above VWAP / SHORT if price is below VWAP.
>>> Signal Cleanup - MA (Moving Average) Confirmation: Include MA (Moving Average), LONG will only be opened if MA is bullish / SHORT if MA is bearish.
>>> Signal Cleanup - ATR (Average True Range): Include ATR (Average True Range) confirmation, LONG will only be opened if ATR is bullish / SHORT if ATR is bearish.
>>> Signal Cleanup - Divergence(RSI + MACD): Include Divergence (RSI + MACD ) confirmation, LONG will only be opened if Divergence is bullish / SHORT if Divergence is bearish.
>>> Signal Cleanup - Volume % Strength: Include Volume strength/percentage confirmation, LONG/SHORT will only be opened with strong Volume matching the signal direction | By default, strong Volume percentage is set to 150% and weak to 50%.
>>> Signal Cleanup - Volume Above Average: Include Volume Above Moving Average (Volume closing bar closes above volume moving average) confirmation, LONG/SHORT will only be opened with Volume above average - Volume closed bar color must match the closed price color (bullish/bearish direction) + Volume bar must be closed above volume MA line).
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TP System - VERY IMPORTANT INFO!
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"TP PERCENTAGE" - amount by which current trade/position needs to be reduced/partially closed/sold.
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TP System: Dynamic
"TP PERCENTAGE" - will always be the same amount (trade/position size divided by the # of take-profit(TP) targets) and percentage to be closed will always be of the ORIGINAL trade/position.
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TP System: Static
"TP PERCENTAGE" - will always be the same amount IF take-profit(TP) targets are hit 1-by-1 (TP1 > TP2 > TP3 > TP4 > TP5), otherwise it will vary and unless it is a 1st take-profit(TP1), the REMAINING trade/position size will always be smaller than original and therefore the percentage to be closed will always be of the REMAINING trade/position and NOT the original one!
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"TP PERCENTAGE" CheatSheet (these are the only percentages you may see)
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TP PERCENTAGE---Close/Sell Amount-------------Example (trade size: 50 stocks)
20%-------------trade size * 0.2--------------50 * 0.2 = 10 stocks
25%-------------trade size * 0.25-------------50 * 0.25 = 12.5(~13) stocks
34%-------------trade size * 0.34-------------50 * 0.34 = 17 stocks
40%-------------trade size * 0.4--------------50 * 0.4 = 20 stocks
50%-------------trade size * 0.5--------------50 * 0.5 = 25 stocks
60%-------------trade size * 0.6--------------50 * 0.6 = 30 stocks
66%-------------trade size * 0.66-------------50 * 0.66 = 33 stocks
75%-------------trade size * 0.75-------------50 * 0.75 = 37.5(~38) stocks
80%-------------trade size * 0.8--------------50 * 0.8 = 40 stocks
100%------------trade size--------------------50 = 50 stocks
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If for any reason a portion of the current/remaining trade closed at such occurrence was slightly wrong, it is not an issue. Such occurrences are rare and with slight difference in partial TP closed is not significant to overall performance of our algorithms.
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Alert Settings (you don’t have to touch this section unless you will be using TradingView alerts through a Webhook to use with trading bot)
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Here is how a LONG OPEN alert looks like.
NOTE: Each label , , etc. is customizable, you can change the text of it within indicator Input settings.
ALERT >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
COIN: BTCUSD
TIMEFRAME: 15M
LONG: OPEN
ENTRY: 20000
TP1: 20500
TP2: 21000
TP3: 21500
TP4: 22500
TP5: 23500
SL: 19000
Leverage: 0
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Here is how a TP1 alert will look with 5 TPs breakdown of the trade.
NOTE1: Next to TP1 taken it will show at which price it was triggered.
NOTE2: Next to "TP Percentage" it shows how much of the CURRENT/ACTIVE/REMAINING trade needs to be closed.
NOTE2: If TP2/3/4/5 comes before TP1 - the alert will tell you exactly how many percent of the trade needs to be closed!
ALERT >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
COIN: BTCUSD
TIMEFRAME: 15M
LONG: TP1
TP1: 20500
TP Percentage: 20%
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Here is how an alert will look for LONG - STOP-LOSS.
ALERT >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
COIN: BTCUSD
TIMEFRAME: 15M
ENTRY: 20000
LONG: SL
SL: 19000
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Here is how an alert will look for LONG - EOD (End of Day) In Profit close.
ALERT >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
COIN: BTCUSD
TIMEFRAME: 15M
LONG: EOD-Close (profit)
ENTRY: 20000
EOD-Close: 21900
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Adding Alerts in TradngView
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-Add indicator to chart and make sure the correct strategy is configured (check Backtesting results)
-Right-click anywhere on the TradingView chart
-Click on Add alert
-Condition: Select this indicator by it’s name
-Immediately below, change it to "alert() function calls only", as other wise there will be 2 alerts for every alert!
-Expiration: Open-ended (that may require higher tier TradingView account, otherwise the alert will need to be occasionally re-triggered)
-Alert name: Whatever you desire
-Hit “Create”
-Note: If you change ANY Settings within the indicator – you must DELETE the current alert and create a new one per steps above, otherwise it will continue triggering alerts per old Settings!
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Good Luck! (NOTE: Trading is very risky, past performance is not necessarily indicative of future results, so please trade responsibly!)
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NOTE: There seems to be a strange glitch when strategy is running live, it will show "double-take" take-profits labels on the chart. This is not affecting the script logic and backtesting results, if you simply change the timeframe real quick to something else then back - it will no longer show the duplicate orders... this must be some sort of a glitch as every alert was thoroughly tested to make sure everything is working!
NYSE TickThe NYSE Tick indicator is a market breadth indicator used to determine short-term bullish or bearish market sentiment. The NYSE Tick index compares the number of stocks on the New York Stock Exchange that are ticking up to the number of stocks ticking down at a specific moment in time. When the NYSE Tick is hovering around the zero line, roughly the same number of stocks are ticking up as are ticking down. When the overall market is rising it will usually present on the NYSE Tick as a rise in value that will generally stay mostly above the zero line for a period of time. The opposite is true when the general market is falling and can be seen as the NYSE Tick staying mostly below the zero line. This information can be very helpful for a short-term day trader who trades a market that also follows many of these same stocks, like the E-Mini S&P 500 Futures (ES), for example. While the index can theoretically rise or fall to over ±2,000 if all stocks on the NYSE are ticking up or down at the same time, it’s generally considered an extreme movement if the NYSE Tick is ±1,000. For this reason, the indicator has default reference lines at ±1,000 and halfway marks at ±500. In order to partially smooth out the movement and make movement trends more easily read, the indicator plots the values using Heikin Ashi candles instead of the standard bars or candlesticks. The price-line value displayed is an accurate live value, however, rather than the OHLC average value of a standard Heikin Ashi candle. Since the standard hours for the NYSE are Monday – Friday, 09:30 – 16:00 EST, the indicator only plots bars during this time.
Kalman Filter Volume Bands by TenozenHello there! I am excited to introduce a new original indicator, the Kalman Filter Volume Bands. This indicator is calculated using the Kalman Filter, which is an adaptive-based smoothing quantitative tool. The Kalman Filter Volume Bands have two components that support the calculation, namely VWAP and VaR.
VWAP is used to determine the weight of the Kalman Filter Returns, but it doesn't have a significant impact on the calculation. On the other hand, VaR or Value at risk is calculated using the 99th percentile, which means that there is a 1% chance for the returns to exceed the 99th percentile level. After getting the VaR value, I manually adjust the bands based on the current market I'm trading on. I take the highest point (VaR*2) and the lowest point (-(VaR*2)) from the Kalman Filter, and then divide them into segments manually based on my preference.
This process results in 8 segments, where 2 segments near the Kalman Filter are further divided, making a total of 12 segments. These segments classify the current state of the price based on code-based coloring. The five states are very bullish, bullish, very bearish, bearish, and neutral.
I created this indicator to have an adaptive band that is not biased toward the volatility of the market. Most band-based indicators don't capture reversals that well, but the Kalman Filter Volume Bands can capture both trends and reversals. This makes it suitable for both trend-following and reversal trading approaches.
That's all for the explanation! Ciao!
Additional Reminder:
- Please use hourly timeframes or higher as lower timeframes are too noisy for reliable readings of this indicator.
4H-50/50 Method4H-50/50 tool is a way to visualize top down analysis.
• There are three boxes illustrated on the chart
- One box shows the past 4 hour time frame's high, low and center
- One box shows the past 12 hour time frame's high, low and center
- The last box is the current 4 hour time frame's high, low and center
• Four hour blocks start on specific hours 1, 5, 9, 13, 17 & 21
• The 50% marks can act as resistance/support
• The 50% marks can also show trend
- If the instrument is trading below all 50% lines, this is one indication that price will remain low or go lower.
- If the instrument is trading above all 50% lines, this is one indication that price will remain high or go higher
• The indicator can also show sentiment values, which can be found on several outside websites
- After entering both the long and short sentiment, a 10 pip bumper will appear around these sentiment numbers giving another form of support/resistance to watch for
Current limitations:
• The four hour blocks currently only work on the 5 minute candle timeframe
• The sentiment bumper size and color are fixed
Bugs?
Kindly report any issues you run into and I'll try to fix them promptly.
Thank you!
Sector Rotation Hedging With Volatility Index [TradeDots]The "Sector Rotation Hedging Strategy With Volatility Index" is a comprehensive trading indicator developed to optimally leverage the S&P500 volatility index. It is designed to switch between distinct ETF sectors, strategically hedging to moderate risk exposure during harsh market volatility.
HOW DOES IT WORK
The core of this indicator is grounded on the S&P500 volatility index (VIX) close price and its 60-day moving average. This serves to determine whether the prevailing market volatility is above or below the quarterly average.
In periods of elevated market volatility, risk exposure escalates significantly. Traders retaining stocks in sectors with disproportionately high volatility face increased vulnerability to negative returns. To tackle this, our indicator employs a two-pronged approach utilizing two sequential candlestick close prices to confirm if volatility surpasses the average value.
Upon confirming above-average volatility, a hedging table is deployed to spotlight ETFs with low volatility, such as the Utilities Select Sector SPDR Fund (XLU), to derisk the overall portfolio.
Conversely, in low-volatility conditions, sectors yielding higher returns like the Technology Select Sector SPDR Fund (XLK) are preferred. The hedging table is utilized to earmark high-return sector ETFs.
Thus, during highly volatile market periods, the strategy recommends enhancing portfolio allocation to low-volatility ETFs. During low-volatility windows, the portfolio is calibrated towards high-volatility ETFs for heightened returns.
IMPORTANT CONSIDERATION
In real trading, additional considerations encompassing trading commissions, management fees, and ancillary rotation costs should be factored in. False signals may arise, potentially leading to losses from these fees.
RISK DISCLAIMER
Trading entails substantial risk, and most day traders incur losses. All content, tools, scripts, articles, and education provided by TradeDots serve purely informational and educational purposes. Past performances are not definitive predictors of future results.
RH_Previous Session CloseRaghee Horner Previous Session Close (PSC)
The RH_PSC is an automated Previous Session Close (PSC) indicator to show, at a glance, general market sentiment -- whether the market is generally bullish, bearish or neutral --for the current trading session.
The PSC plots the previous session close from the Daily candle, with a customizable table of data to show the previous price, whether or not the current price is above or below that previous close and the percentage move above or below.
It includes the ability to enable only the last session or to plot for all previous sessions continuously.
The data table is configurable for bearish, bullish or sideways coloring and can be moved to different locations to suite users preferences and charts. It can also be fully disabled.
Defaults are to show all previous sessions in a continuous plot and the data table is disabled.
What is “sentiment”?
Market sentiment reflects investors’ overall attitude toward a symbol, influenced by news, economic reports, and perceptions. It can be bullish, bearish, or neutral and significantly affects trading behavior and price movements. Bullish sentiment typically drives prices up, while bearish sentiment can cause them to fall. Understanding market sentiment is key for trend follow-through.
Why does it matter?
Effectively using sentiment allows for quicker, smarter trading decisions. As an active trader, understanding market sentiment is vital for follow-through. It shows real-time investor feelings, affecting price movements. Gauging sentiment helps you:
Anticipate Breakouts.
Time Entries and Exits.
Increase Probability of Continuation.
Mxwll Price Action Suite [Mxwll]Introducing the Mxwll Price Action Suite!
The Mxwll Price Action Suite is an all-in-one analysis indicator incorporating elements of SMC and also ideas extending beyond the trading methodology!
Features
Internal structures
External structures
Customizable Sensitivities
BoS/CHoCH
Order Blocks
HH/LH/LL/LH Areas
Rolling TF highs/lows
Rolling Volume Comparisons
Auto Fibs
And more!
The image above shows the indicator's market structure identification capabilities. Internal BoS and CHoCH structures in addition to overarching market structures are available with customizable sensitivities.
The image above shows the indicator identifying order blocks! Additionally, HH/LH/LL/LH areas are also identified.
The image above shows a rolling area of interest. These areas can be compared to supply/demand zones, where traders might consider a bargain long/short/sell area.
The indicator displays a rolling 4hr high/low and 1D high/low, alongside auto fibonacci levels with a customizable sensitivity.
Finally, the Mxwll Price Action Suite shows relevant session information.
Table information
Current Session
Countdown to session close
Next Session
Countdown to next session open
Rolling 4-Hr volume intensity
Rolling 24-Hr volume intensity
Introducing the Mxwll SMC Suite!
The Mxwll SMC Suite is an all-in-one analysis indicator incorporating elements of SMC and also ideas extending beyond the trading methodology!
Features
Internal structures
External structures
Customizable Sensitivities
BoS/CHoCH
Order Blocks
HH/LH/LL/LH Areas
Rolling TF highs/lows
Rolling Volume Comparisons
Auto Fibs
And more!
The image above shows the indicator's market structure identification capabilities. Internal BoS and CHoCH structures in addition to overarching market structures are available with customizable sensitivities.
The image above shows the indicator identifying order blocks! Additionally, HH/LH/LL/LH areas are also identified.
The image above shows a rolling area of interest. These areas can be compared to supply/demand zones, where traders might consider a bargain long/short/sell area.
The indicator displays a rolling 4hr high/low and 1D high/low, alongside auto fibonacci levels with a customizable sensitivity.
Finally, the Mxwll Price Action Suite shows relevant session information.
Table information
Current Session
Countdown to session close
Next Session
Countdown to next session open
Rolling 4-Hr volume intensity
Rolling 24-Hr volume intensity
Expanded Features of Mxwll Price Action Suite
Internal and External Structures
Internal Structures: These elements refer to the price formations and patterns that occur within a smaller scope or a specific trading session. The suite can detect intricate details like minor support/resistance levels or short-term trend reversals.
External Structures: These involve larger, more significant market patterns and trends spanning multiple sessions or time frames. This capability helps traders understand overarching market directions.
Customizable Sensitivities
Adjusting sensitivity settings allows users to tailor the indicator's responsiveness to market changes. Higher sensitivity can catch smaller fluctuations, while lower sensitivity might focus on more significant, reliable market moves.
Break of Structure (BoS) and Change of Character (CHoCH)
BoS: This feature identifies points where the price breaks a significant structure, potentially indicating a new trend or a trend reversal.
CHoCH: Detects subtle shifts in the market's behavior, which could suggest the early stages of a trend change before they become apparent to the broader market.
Order Blocks and Market Phases
Order Blocks: These are essentially price levels or zones where significant trading activities previously occurred, likely pointing to the positions of smart money.
HH/LH/LL/LH Areas: Identifying Higher Highs (HH), Lower Highs (LH), Lower Lows (LL), and Lower Highs (LH) helps in understanding the trend and market structure, aiding in predictive analysis.
Rolling Timeframe Highs/Lows and Volume Comparisons
Tracks highs and lows over specified rolling periods, providing dynamic support and resistance levels.
Compares volume data across different timeframes to assess the strength or weakness of the current price movements.
Auto Fibonacci Levels
Automatically calculates and plots Fibonacci retracement levels, a popular tool among traders to identify potential reversal points based on past movements.
Session Data and Volume Intensity
Session Information: Displays current and upcoming trading sessions along with countdown timers, which is crucial for day traders and those trading on session overlaps.
Volume Intensity: Measures and compares the volume within the last 4 hours and 24 hours to gauge market activity and potential breakout/breakdown movements.
Visualizations and Practical Use
Dynamic Visuals: The suite provides dynamic visual aids, such as real-time updating of high/low markers and Fibonacci levels, which adjust as new data comes in. This feature is critical in fast-paced markets.
Strategic Entry/Exit Points: By identifying order blocks and using Fibonacci levels, traders can pinpoint strategic entry and exit points, maximizing potential returns.
Risk Management: Enhanced features like session countdowns and volume intensity help in better risk management by providing traders with more data on market sentiment and potential volatility.
Crypto Liquidation Heatmap [LuxAlgo]The Crypto Liquidation Heatmap tool offers real-time insights into the liquidations of the top cryptocurrencies by market capitalization, presenting the current state of the market in a visually accessible format. Assets are sorted in descending order, with those experiencing the highest liquidation values placed at the top of the heatmap.
Additional details, such as the breakdown of long and short liquidation values and the current price of each asset, can be accessed by hovering over individual boxes.
🔶 USAGE
The crypto liquidation heatmap tool provides real-time insights into liquidations across all timeframes for the top 29 cryptocurrencies by market capitalization. The assets are visually represented in descending order, prioritizing assets with the highest liquidation values at the top of the heatmap.
Different colors are used to indicate whether long or short liquidations are dominant for each asset. Green boxes indicate that long liquidations surpass short liquidations, while red boxes indicate the opposite, with short liquidations exceeding long liquidations.
Hovering over each box provides additional details, such as the current price of the asset, the breakdown of long and short liquidation values, and the duration for the calculated liquidation values.
🔶 DETAILS
🔹Crypto Liquidation
Crypto liquidation refers to the process of forcibly closing a trader's positions in the cryptocurrency market. It occurs when a trader's margin account can no longer support their open positions due to significant losses or a lack of sufficient margin to meet the maintenance requirements. Liquidations can be categorized as either a long liquidation or a short liquidation.
A long liquidation occurs when long positions are being liquidated, typically due to a sudden drop in the price of the asset being traded. Traders who were bullish on the asset and had opened long positions will face losses as the market moves against them.
On the other hand, a short liquidation occurs when short positions are being liquidated, often triggered by a sudden spike in the price of the asset. Traders who were bearish on the asset and had opened short positions will face losses as the market moves against them.
🔹Liquidation Data
It's worth noting that liquidation data is not readily available on TradingView. However, we recognize the close correlation between liquidation data, trading volumes, and asset price movements. Therefore, this script analyzes accessible data sources, extracts necessary information, and offers an educated estimation of liquidation data. It's important to emphasize that the presented data doesn't reflect precise quantitative values of liquidations. Traders and analysts should instead focus on observing changes over time and identifying correlations between liquidation data and price movements.
🔶 SETTINGS
🔹Cryptocurrency Asset List
It is highly recommended to select instruments from the same exchange with the same currency to maintain proportional integrity among the chosen assets, as different exchanges may have varying trading volumes.
Supported currencies include USD, USDT, USDC, USDP, and USDD. Remember to use the same currency when selecting assets.
List of Crypto Assets: The default options feature the top 29 cryptocurrencies by market capitalization, currently listed on the Binance Exchange. Please note that only crypto assets are supported; any other asset type will not be processed or displayed. To maximize the utility of this tool, it is crucial to heed the warning message displayed above.
🔹Liquidation Heatmap Settings
Position: Specifies the placement of the liquidation heatmap on the chart.
Size: Determines the size of the liquidation heatmap displayed on the chart.
🔶 RELATED SCRIPTS
Liquidations-Meter
Liquidation-Estimates
Liquidation-Levels
Smart Money Interest Index [AlgoAlpha]🌟 Smart Money Interest Index by AlgoAlpha 🌟
Welcome to the innovative Smart Money Interest Index indicator, designed meticulously by AlgoAlpha to revolutionize the way you trade! 📈🧠 This indicator is engineered to decipher the activities of smart money investors relative to the less informed (dumb money) and dynamically display their dominance in the trading landscape through a sophisticated visual index. 🚀💹
🔑 Key Features:
- Smart vs. Dumb Money Analysis: Tracks and compares the movements of smart money (informed investors) and dumb money (general public) within the market to identify potential investment signals.
- Relative Strength Index (RSI) Based Ratios: Utilizes RSI for both smart and dumb money to create a ratio that indicates buying or selling pressures.
- Dynamic Normalization: Employs a long-term peak normalization over a customizable period to ensure the index remains relevant regardless of market conditions.
- Visual Thresholds and Signals: Highlights significant shifts in market dynamics with color-coded thresholds, making it easier to spot changes at a glance.
🛠 How to Use the Smart Money Interest Index:
🔹 🚀 Step 1: Adding the Indicator
- Add the indicator to your favourites.
- Customize the settings according to your analysis needs:
- `Index Period`, `Volume Flow Period`, `Normalization Period`, `High Interest Threshold`
🔹 📊 Step 2: Interpretation of the Index
- Monitor the index plot; a rising index suggests increasing smart money interest, potentially indicating a buying opportunity.
- A value above the high interest threshold (in yellow) highlights significant interest by smart money, suggesting a good time to buy.
🔹 🔔 Step 3: Setting Alerts
- Configure alerts to notify you when the index crosses above the set threshold, enabling you to capitalize on trading opportunities timely and efficiently.
📐 Basic Logic Overview:
The Smart Money Interest Index by AlgoAlpha provides a unique metric that contrasts the investment behaviors of informed (smart money) and general (dumb money) investors. Utilizing the Relative Strength Index (RSI), this indicator evaluates the trading pressure exerted by both groups over specified periods, then forms a ratio of these activities to identify dominance in buying or selling trends. For example, when we see dumb money selling and smart buying, this suggests that the conditions for buying the asset is optimal as smart money is willing to buy the dip. The outputs are normalized against the highest values observed in a user-defined term to maintain consistency through varying market conditions. When the index exceeds a certain threshold, it suggests that smart money presence is particularly strong, possibly indicating that smart money is looking to enter positions on the asset. This tool serves as a sophisticated visual guide to understanding market dynamics and making well-informed trading decisions based on the activities of market-savvy investors. Smart money activity is identified during areas of low volume and the opposite for dumb money, the indicator uses the NVI and PVI metrics as its foundation for smart and dumb money analysis.
📊 Enhance Your Trading Strategy:
Leverage the Smart Money Interest Index to gain deeper insights into market dynamics and enhance your decision-making process with a powerful, data-driven approach. Whether you're looking to identify entry points or set strategic exits, this tool is designed to provide you with the competitive edge you need in the fast-paced world of trading. 🌐✨
Transform your trading with the power of smart money analysis—start using the Smart Money Interest Index today! 🚀🔔
Heat Map SeasonsHeat Map Seasons indicator
Indicator offers traders a unique perspective on market dynamics by visualizing seasonal trends and deviations from typical price behavior. By blending regression analysis with a color-coded heat map, this indicator highlights periods of heightened volatility and helps identify potential shifts in market sentiment.
Summer:
In the context of the indicator, "summer" represents a period of heightened volatility and upward price momentum in the market. This is analogous to the warmer months of the year when activities are typically more vibrant and energetic. During the "summer" phase indicated by the indicator, traders may observe strong bullish trends, increased trading volumes, and larger price movements. It suggests a favorable environment for bullish strategies, such as trend following or momentum trading. However, traders should exercise caution as heightened volatility can also lead to increased risk and potential drawdowns.
Winter:
Conversely, "winter" signifies a period of decreased volatility and potentially sideways or bearish price action in the market. Similar to the colder months of the year when activities tend to slow down, the "winter" phase in the indicator suggests a quieter market environment with subdued price movements and lower trading volumes. During this phase, traders may encounter choppy price action, consolidation patterns, or even downtrends. It indicates a challenging environment for trend-following strategies and may require a more cautious approach, such as range-bound or mean-reversion trading strategies.
In summary, the "summer" and "winter" phases in the "Heat Map Seasons" indicator provide traders with valuable insights into the prevailing market sentiment and can help inform their trading decisions based on the observed levels of volatility and price momentum.
How to Use:
Watch for price bars that deviate significantly from the regression line , as these may signal potential trading opportunities.
Use the seasonal gauge to gauge the current market sentiment and adjust trading strategies accordingly.
Experiment with different settings for Length and Heat Sensitivity to customize the indicator to your trading style and preferences.
The "Heat Map Seasons" indicator can potentially identify overheated market tops and bottoms on a weekly timeframe by detecting significant deviations from the regression line and observing extreme color gradients in the heat map. Here's how it can be used for this purpose:
Observing Extreme Color Gradients:
When the market is overheated and reaches a potential top, you may observe extremely warm colors (e.g., deep red) in the heat map section of the indicator.
Traders can interpret this as a warning sign of a potential market top, indicating that bullish momentum may be reaching unsustainable levels.
Conversely, when prices deviate too far below the regression line, it may indicate oversold conditions and a potential bottom.
Potential Tops and Bottoms:
User Inputs:
Length: Determines the length of the regression analysis period.
Heat Sensitivity: Controls the sensitivity of the heat map to deviations from the regression line.
Show Regression Line: Option to display or hide the regression line on the chart
Note: This indicator is best used in conjunction with other technical analysis tools and should not be relied upon as the sole basis for trading decisions.
Open Interest Auto OverrideWhat does this “Open Interest Auto Override” Indicator
do?
Open Interest data is not supplied by every exchange to TradingView, however it is available on Binance Perpetual Futures. This script helps the crypto trader to identify the equivalent Binance Perpetual Futures Chart that has Open Interest Data available and automatically displays this on the traders chart.
How can a trader use this indicator?
This helps the trader to identify if there is Open Interest Data available in Binance and automatically displays it, making it easier to switch Coins whilst viewing the market.
What is Open Interest and how can I trade using this indicator?
Open Interest (OI) is the number of open futures contracts held by traders in active positions. The higher the value the Higher the number of open positions which indicates an increase in interest by traders in the asset.
If OI is increasing an equal number of longs and short positions are being opened.
If OI Decreases both longs and shorts are exiting the market.
If OI remains unchanged, no new contracts are entering or exiting, or an equal number of positions are being opened as there are being closed.
Open Interest can help traders by giving us a hint that a breakout may occur. If Open Interest is increasing whilst price is consolidating it may indicate that a breakout is imminent. If Open Interest is decreasing whilst price is consolidating it is likely that a false move in the form of a stop hunt may be issued prior to the actual breakout.
Usage of the Indicator:
By default the indicator will automatically use the Equivalent Binance Perpetual Chart for the Data
You can override the symbol manually if you what to view another exchanges data.
NZTLevelDESCRIPTION IN ENGLISH
🔶 INTRODUCTION
NZTLevel is an advanced indicator for TradingView, inspired by mentor Almaz , and designed to provide traders with in-depth analysis of market liquidity and the movements of key players.
🔶 CONTENT
Based on an analysis based on liquidity and tracking a key player , the indicator identifies Breaker levels and UPM (MarketMaker Position Level in RU), which help determine potential pivot points and market direction (trend) , and also shows a direction line , giving information about the state in which each candle is located on the chart (effort, consolidation or normal trend movement without effort), as well as the transparency of the candles , made specifically so that the direction line is clearly and clearly visible.
🔶 LOGIC
🔹Breaker Levels (Local and Global)
Breaker levels , divided into local and global , are identified through a detailed algorithm that takes into account the penetration of levels with high liquidity and the expected subsequent reaction of the market. These levels are visualized on the chart as lines, the color and thickness of which are customizable by the user, providing a clear understanding of the current market situation. Breaker levels allow us to determine the direction of the market , these are the levels from which we can expect a reaction, and after breaking through this level we receive valuable information
🔹UPM (Sell Stop and Buy Stop)
UPM monitors the activity of market makers and helps predict significant market movements . For example, if the last UPM indicates a buy stop, this signals the possibility of long positions, which is extremely valuable for traders looking to optimize their entries and manage risk.
🔹Directional line (Линия направленности)
The Indicator also includes a directional line that changes color depending on the strength and direction of the current movement , providing a visual representation of market trends and consolidation.
🔶 SETTINGS
🔹Text (Текст)
Allows you to configure or turn off/on the display of level text, specifying their type with text at the beginning of the level drawing (labels), as well as its size, the color of the level text at the top or bottom separately.
🔹Levels (Уровни)
Allows you to configure or turn off/on the display of the levels themselves, their color, thickness. As well as the number of penetrations of the level to remove it, as well as the number of candles for consideration and analysis by the indicator on the chart.
🔹Directional Line (Линия направленности)
Allows you to adjust the thickness of this line; you can disable it in the style tab.
🔹Graph and Candle Settings (Настройки графика и свечей)
Allows you to configure how many candles to extend the level to the right, the transparency of candles (can be disabled in styles), default colors of candles (for setting transparency)
🔶 RECOMMENDATIONS FOR USE
Customize the visual display of the indicator through the built-in settings, including the colors of the liquidity lines and their thickness.
NZTLevel surpasses basic indicators such as moving averages, Bollinger Bands, RSI, and others with a unique approach to analyzing liquidity and positioning of major players, providing traders with a comprehensive tool for making informed decisions in the market.
The indicator was developed by Temirlan Tolegenov for NZT Trader Community , March 2024, Prague, Czech Republic
ОПИСАНИЕ НА РУССКОМ ЯЗЫКЕ
🔶 ВСТУПЛЕНИЕ
NZTLevel — это продвинутый индикатор для TradingView, вдохновленный ментором Алмазом , и разработанный с целью предоставить трейдерам глубокий анализ рыночной ликвидности и движения крупных игроков.
🔶 СОДЕРЖАНИЕ
На основе анализа, основанном на ликвидности и отслеживании крупного игрока , индикатор выявляет Брейкер уровни и УПМ (Уровень Позиции МаркетМейкера) , которые помогают определить потенциальные точки разворота и направленность рынка , а так же показывает линию направленности , дающую информацию о состоянии в которой находится каждая свеча на графике (усилие, консолидация или обычное трендовое движения без усилия), а так же прозрачность свечей , сделанная специально для того, чтобы линия направленности была ясно и четко видима.
🔶 ЛОГИКА
🔹Брейкер Уровни (Локальные, Глобальные)
Брейкер уровни , подразделяются на локальные и глобальные , идентифицируются через детализированный алгоритм, учитывающий пробитие уровней с высокой ликвидностью и ожидаемую последующую реакцию рынка. Эти уровни визуализируются на графике в виде линий, цвет и толщина которых настраиваются пользователем, предоставляя четкое понимание текущей рыночной ситуации . Брейкер уровни позволяют нам определить настроение и направлениедвижения рынка , это уровни, от которых мы можем ожидать реакции, и после пробития которых мы получаем ценную информацию .
🔹УПМ (Бай стоп, Селл стоп)
УПМ отслеживает активность МаркетМейкеров и помогает проанализировать значительные рыночные движения . К примеру если последний УПМ указывает на бай стоп, это сигнализирует о возможности длинных позиций, что чрезвычайно ценно для трейдеров, стремящихся к оптимизации своих входов и управлению рисками.
🔹Линия направленности
Так же Индикатор включает линию направленности , которая изменяет цвет в зависимости от силы и направления текущего движения , предоставляя наглядное представление о трендах и консолидации рынка.
🔶 НАСТРОЙКИ
🔹Текст
Позволяет настроить или выключить/включить отображение текста уровней, уточняющий их тип текстом у начала отрисовки уровня (labels), так же его размер, цвет текста уровня сверху, или снизу отдельно.
🔹Уровни
Позволяет настроить или выключить/включить отображение самих уровней, их цвет, толщину. А так же количество пробитий уровня для его удаления, как и количество свеч для рассмотрения и анализа индикатором на графике.
🔹Линия направленности
Позволяет настроить толщину этой линии, отключить ее можно во вкладке style (стиль)
🔹Настройки графика и свечей
Позволяют настроить то, на сколько свеч протягивать уровень направо, прозрачность свечей (можно отключить в стилях (style)), цвета свечей по умолчанию (для настройки прозрачности)
🔶 РЕКОМЕНДАЦИИ К ИСПОЛЬЗОВАНИЮ
Настроить визуальное отображение индикатора через встроенные настройки, включая цвета линий ликвидности и их толщину.
NZTLevel превосходит базовые индикаторы, такие как скользящие средние, Bollinger Bands, RSI, и другие, благодаря уникальному подходу к анализу ликвидности и позиционирования крупных игроков, предоставляя трейдерам комплексный инструмент для принятия обоснованных решений на рынке.
Индикатор разработан Темирланом Толегеновым для международного сообщества NZT Trader , Март 2024, Прага, Чешская Республика
The indicator is published in accordance and respect to all House Rules of the TradingView platform.
Индикатор опубликован в соответствии и уважением ко всем внутренним правилами платформы TradingView.
[FXAN] 77 Cygni Algorithm (Swing Trading)⚜️ FXAN CYGNI INDICATORS ORIGINALITY
Originality comes from proprietary formula we use to measure the relationship between Volume and Price Volatility in relation to overall current market positioning in developing Volume Profile and multiple custom period Volume Profiles. We combine that with our own approach to measure price velocity in correlation to average daily/weekly/monthly ranges of the given market.
The relationship between current volume and price volatility gives us information about how much the volume that is currently coming into the market affects the price movement (volatility) and which side is more dominant/involved in the market (Buyers/Sellers). We call this the "Volume Impact" factor.
This information is then compared in relation to the overall current market positioning in developing Volume Profile and Multiple custom period Volume Profiles. We have created a rating system based on current price positioning in relation to the Volume Profile. Volume profile consists of different volume nodes, high volume nodes where we consider market interest to be high (a lot of transactions - High Volume) and low volume nodes where we consider market interest to be low (not a lot of transactions - Low Volume). We call this the current "Market Interest" factor.
We combine this information with our own approach to measure price velocity in correlation to the higher-timeframe price ranges. Calculation is done by measuring current ranges of market movement in correlation to average daily/weekly/monthly ranges. We call this "Price Velocity" factor.
This approach was applied to develop key components of our Tradingview Indicators, we've simplified some of the calculations and made them easy to use by programming them to display buying/selling volume pressure with colors.
In addition to our own proprietary formulas and criterias to measure volume impact on price, we've also used an array of indicators that measure the percentage change in volume over custom specified periods of time, including custom period ranged Volume Profile, Developing VA, Accumulation/Distribution (A/D Line), Volume Rate of Change (VROC), Volume Price Trend (VPT) - all of them with of course fine-tuned settings to fit the purpose in the overall calculation.
Reasons for multiple indicator use:
Custom period ranged Volume Profiles: To determine current interest of market participants. Used for "Market Interest"
Developing VA: To determine current fair price of the market (value area). Used for "Market Interest".
Accumulation/Distribution (A/D Line): Helping to gauge the strength of buying and selling pressure. Used for "Volume Impact"
Volume Rate of Change (VROC): To give us information about percentage change in volume. Used for "Volume Impact"
Volume Price Trend (VPT): To help identify potential trends. Used for "Volume Impact".
Average True Range (ATR): Used for measuring volatility. Used for "Volume Impact" and "Price Velocity".
Average Daily Range (ADR): Used for measuring average market price movement. Used for "Price Velocity".
How it all works together:
"Volume Impact" factor tells us the influence of incoming market volume on price movement. This information alongside the overall market positioning information derived from "Market Interest" factor combined with information about speed and direction relative to higher-timeframe price ranges frin "Price Velocity.
This is the basis of our proprietary developed Volume Dynamics analysis approach
"Volume Impact" x "Market Interest" x "Price Velocity"
Combining this factors together gives a good overall understanding of which side is currently more involved in the market to gauge the direction ("Volume Impact"), where the market is currently positioned to gauge the context ("Market Interest") and what the current market's momentum to improve the timing of our trades ("Price Velocity"). This increases our probabilities for successful trades, executed with good timing.
To simplify - our indicators will always analyze the volume behind every price movement and rate those movements based on the relationship between movement distance and volume behind it through an array of criterias and rate them.
Colors displayed by the indicators will be a result of that, suggesting which side of the market (Buyers or sellers) is currently more involved in the market, aiming to increase the probabilities for profitable trades. With the help of our indicators you have deep volume analysis behind price movements done without looking at anything else then indicator components.
🔷 OVERVIEW
Cygni 77 Algorithm is a TradingView indicator designed to help determine higher timeframe market context and long-term market sentiment and trends. It analyzes the underlying volume behind market movements and colors the candles with the help of formulas that include technical analysis and market price action. It caters to traders looking for swing trading setups or additional perspectives for day trading sentiment.
🔷 KEY FEATURES
▊ Candle Coloring
▊ Dynamic Support & Resistance Lines
▊ Dots | Above and below the candles
▊ Colored Bar | on the bottom of the chart
🔷 HOW DOES IT WORK?
□ Candle colors will indicate the general market trend from the technical analysis perspective. The calculation for this component uses price action concepts and segments from technical analysis, for example, candle/price structural breaks. Volume is not used for calculations of this component.
□ Dynamic Support & Resistance Lines indicate the current market structure from the technical analysis perspective. The calculation uses pure price action and structural analysis of the current market movements.
□ Candle Dots show what are the mid-term volume dynamics in the market by referencing the daily average price weighted by volume with the periods ranging from days to weeks. Candle Dots suggest what is the likely direction of the market's trend from the mid-term perspective. If the market is bullish, you’ll see the green dots printed below the candles, and if the market is bearish, the dots will color red and print above the candles.
□ Colored Bar analyzes long-term volume dynamics and the market's price action for the past three to six weeks, referencing average price weighted by volume. This makes it much less sensitive than the Candle Dots, so the colors won't change that often. If the market is bullish, you’ll see the green bars, and if the market is bearish, the bars will color red.
🔷 HOW TO USE IT?
□ In general, we look for areas where all components are in sync. These are valid trading signals (refer to the usage example below).
□ If all components are not in sync, we should look for at least two of them to be in sync, while one of them must be the Colored Bar.
□ Candle Colors: Looking for longs when the candles are green and looking for shorts when the colors are red
□ Dynamic Support & Resistance Lines: Used for placing entries and stop-loss limits. Using retest of the line for entry and placing the stop-loss beyond it. Or if we're entering based on other components, we can use the line to place the stop-loss beyond it.
□ Candle Dots: Looking to trade in the direction of the color. If the market is bullish, you’ll see the green dots, and if the market is bearish, the dots will color red.
□ Colored Bar: Most important component of this indicator, we favor trading in the direction suggested by this component. Additional confirmation of other components is a bonus. Colors here don't change that often, but once they do - it usually signals a long-term trend shift. Green color suggests a bullish market, trading long. Red color suggests bearish market, trading short.
🔷 COMBINING THE COMPONENTS
Each component of the indicator serves its own purpose and analyzes the market from its own perspective and with its own custom settings and formulas. The calculation of the individual component is done independently from the calculation of the other components. Once all of them align, we can execute trades with an edge as it signals that different aspects of volume and price analysis line up for the trading opportunity.
-Candle Colors performs technical analysis for you by displaying the colors of a favorable market direction based on the market's current technical structure.
- Dynamic Support & Resistance Lines are used for placing your entry/exit limit orders.
-Candle Dots are used to determine the favorable direction of the market based on Daily Volume Dynamics, with custom timeframe settings ranging from a couple of days to a couple of weeks.
-The Colored Bar is used to gauge the overall favorable trading direction based on Daily Volume Dynamics with custom timeframe settings ranging from 3 to 6 weeks.
It's important to combine the components to increase the probability of success - here's how you should look for a trade:
1. Assess the current most favorable market direction by referencing the Colored Bar. Look for longs if it’s green and for shorts if it’s red
2. Look for the Candle Dots to align with the Colored Bar, look for longs if it’s green and for shorts if it’s red
3. Look for the Candle Colors to align with the Colored Bar. Look for longs if it’s green and for shorts if it’s red
4. Place your SL level beyond the currently developing Support/Resistance line to protect your positions and look for exits once the colors change.
A valid example of the trade would be:
- Colored Bar is green, indicating the favorable trading directions is long
- Candle Dots are green, indicating the favorable trading directions is long
- Candle Colors are green, indicating the market structure is favorable to enter your positions
📊 USAGE EXAMPLE
Binance Open Interest (+SMA)# Binance Open Interest + SMA
An indicator showing open interest (OI) in US dollars ($) for Binance USD-margined perpetual contracts. This means the indicator shows the total value of all open perpetual contracts on the Binance platform for the ticker being charted. As such, it can provide insights into market activity for an asset and trading interest, as rising open interest suggests many traders are opening new positions and new money is flowing into the market, and vice-versa. It is also an indicator of the liquidity of the asset's perpetuals contracts, as it reflects the amount of money in a given perpetuals market.
The candle data is shown as expected, with green candles indicating the IU at close is greater than at open, red indicating a lower OI at close than open, with the bodies indicating the open and close prices, and any wicks representing an OI value within that timeframe that went above or below the closing or opening OI.
Unlike other Binance open interest indicators on the platform, this one does not require user input and will automatically pull open interest data for the ticker being looked at, allowing for quicker access to open interest data. It also presents the open interest data in candle format, providing more detail into the open interest at a given timeframe.
Please note that this indicator will only work for assets which Binance offers USD-margined perpetual contracts for, and otherwise will not work.
## Instructions:
Simply add the indicator to your chart and open the asset you would like to chart. If a Binance perpetual contract exists for the asset, the open interest value will be charted. If no chart is generated, no Binance open interest data is available for charting.
To remove the SMA, uncheck the “SMA” box in the style section in the indicator settings. You can also change the source and length of time the SMA data is calculated from in the inputs section. By default, it is based off of the closing value and a length of 15 timeframes.
## Chart example:
The chart shows the price of Ethereum, and below it this indicator for open interest on Binance for their Ethereum perpetual contracts. We can see here open interest is rising steadily, indicating rising interest in holding perpetual contracts backed by Ethereum.
STIC bullish and bearish hunter with FVGSmart Trading and Investment Companion (STIC) is a sophisticated tool designed to identify and visualize inducement, market structure, market trends, track liquidity, and project and forecast price action for all applicable assets. it has been tested to work on all timeframes and has been traded on stock, forex, and crypto assets.
This script is an upgraded version of previous STIC indicator, which you can use in addition to it or separately as you deem fit
Traders/ investor that are familiar with market structure, inducement, candlestick psychology, trend-following indicatorsand Fair Value Gap FVG will find it easy to adopt this trading and investment companion. As stated below, this is how it works.
Features and how to use
1st of all, after adding the indicator to yoursuperchart, you want to endusre to set your to so as to enable you see the text labeling clearly. to do that, after adding the indicator to your chart, right click it on the list, you will se the Visual order option.
Special Extreme Alert!
By analyzing the trends and dimensions, we are able to predict market extremes conditions, especially in pump and dump scenarios. (the bullish or bearish P/D extreme alerts).
Market flip arrow
The arrows trigger to indicate when the market flips to bullish (green) or bearish (red) conditions. note that this arrow is just a market flip confirmation and it it triggered by market trends, it does not come one time and sometimes later after market trigger conditions had been met.
circled in white.
Buy or sell potential {The tiny yelow(sell) and blue(buy) triangle}
By analyzing market extreme conditions, market sentiment, and liquidity, the buy/sell potential alert trigger is able to determine the state of the market, This can and should be used in combination with the market flip line (MFL) [the yellow line from , market flip trigger (MFT) (purple line), and market support/resistance line (MSR)(blue line) .
Market flip Line (Blue line) (MFL): the MFL is useful to also understand the market phase; a candle close above the MFL is bullish, while a candle close Below, the MFL is bearish. You are, however, expected to experience market retests and rejections coupled with support and resistance to follow through with the predicted direction. Patience is a valuable virtue in trading.
Extended sell or buy hunt (Red and Green Triangle)
this is real-time triangles indicator just like every other indicator on theis chart that indicates the market direction labeled with buy and sell. Note that the market-extended extreme can occur multiple times in the same direction. Hence, we'll advise having multiple trade entries.
The flip support line
Market Flip Trigger Line (MFTL) (Magenta): When the market crosses and closes below or above the Market Flip Trigger Line, you should wait for a confirmation. a confirmation is usually a retest or rejection of the line. A candle close and reject indicates the market as flip direction and it is going for a correction or major reversal. it is applicable on all timeframe.
As mentioned earlier, if you understand market structure and sentiment, using the uFVG, iFVG, upLQTY, downLQTY and BOS will be easy. however, this is how it works, you may need tohave and expanded readbout market structure for additional knowledge.
upLQTY (Bullish liquidity inducement)
The indicator appear at the close and confirmation on the 3rd candle and it is extended to only appear on 200 bars applicable on all timeframes.
This is a bullish sentiment and liquidty inducement order block that occurs, leading to the break of trend structure and change of character. Meaning the market sentiment as change which is backed up by liquidity in that region, which mostly gets filled, especially on lower timeframes before the price action continues. If price revese breaks and hold above this region, it invalidates the order block. This will always appear when there is a confirmed change of character CHoCH to the bullish side.
downLQTY (Bearish liquidity inducement) The indicator appear at the close and confirmation on the 3rd candle and it is extended to only appear on 200 bars applicable on all timeframes. It is and inverse of the upLQTY.
like order block, these are supply and demand zones that has the potential to change the direction of a trade. This is a bearish order block that occurs, leading to the break of structure and change of character. Meaning there is bearish liquidity yet to be accounted for in the region, which mostly gets filled, especially on lower timeframes before the price action continues. If broken, it invalidates the order block. This will always appear when there is a confirmed change of character from CHoCH to the bearish side.
Fair Value Gap
From general knowledge, FVG also know as Fair value gaps are inbalnace created by a 3 candlestick pattern where the top of the bottom candles doesn't cross the bottom of the top candle. like order block, these are supply and demand zones that has the potential to change the direction of a trade. This mostly indicate the presense of big plays in the market. for STIC indicator, FVG are labeled as listed below;
UFVG, also FVGup, {Colour green box} = bullish imbalance fair value gap
IFVG, aka FVGdown, {Red box} = bearish imbalance fair value gap
OIFVG, {Yellow box, no label} = other imbalances fair value gab
You should not that FG has upper, lower and middle band, any of the this area can be induced and filled by price.
Alert Conditions!
Buy alert conditions
- Any bullish buy alert
- Bullish hunt
- Re-entry Buy
- Sharp Market Sell rejection
- Buy potential
- upLQTY
Long position Exit conditions
- ExtremeB
- Profit
- Sell hunt
The Entry, exit and trail profit alert trigger should be used as position exit conditions either for a Long (Buy) or Short (Sell) situation and should be set as OPB (Once Per Bar). Using it as entry for exit or vice versa as shown not to be very profitable. hence the need to combine with other order entry alerts like the Any bullish or Bearish alerts
Sell alert conditions ( NOTE: All Sell alert are not yet included in this current version as this is targeted towards bullrun.)
- Sell potential
- Sell triangle (Sell hunt)
- downLQTY
and any trail profit alert, this alert put into consideration all the conditions required to trail profit.
Risk management advice
Patience and a good risk management strategy are required to be profitable trader using this tool. You need to ensure not to overleverage, and you should have multiple entries in case the buy coditions/alert shows again below the previous buy alert before a sell condition/alert occurs.
CB BTCUSD PremiumThis indicator is designed for cryptocurrency traders and analysts who wish to compare the spot price of Bitcoin (BTC) on Coinbase (BTC/USD) against Binance (BTC/USDT), highlighting the premium or discount between these two major exchanges in real-time. Additionally, it incorporates a moving average of the premium, allowing users to identify trends over their selected timeframe.
Features:
Spot Price Comparison: Calculates the real-time difference (premium or discount) between the BTC/USD spot price on Coinbase and the BTC/USDT spot price on Binance.
Premium Indicator: Displays the premium as columns on the chart, using green to indicate a premium (Coinbase > Binance) and red to indicate a discount (Coinbase < Binance).
Moving Average Trend: Includes a simple moving average (SMA) of the premium over a user-defined period, plotted as a blue line, to help users identify trends in the premium over time.
Customizable MA Period: Users can adjust the moving average period to suit their analysis needs, with a default setting of 14 periods.
Usage Instructions:
Adding the Indicator: Search for "Coinbase to Binance BTC Spot Premium with Moving Average" in the TradingView indicators and strategies library and add it to your chart.
Customizing the MA Period: To adjust the moving average period, click on the indicator's settings (gear icon) and navigate to the "Inputs" tab. Enter your desired period for the moving average.
Ideal for: Traders and analysts focusing on arbitrage opportunities, market depth analysis, and those interested in the comparative performance of BTC across different exchanges.
Note: This indicator does not constitute financial advice. It's a tool designed to provide analytical insights. Users should conduct their own research and consult with financial advisors before making investment decisions.
Oster's Vola Sentiment (OVS)Overview:
Oster's Vola Sentiment (OVS) is an indicator that reflects market sentiment dynamics based on volatility , employing Oster's Volatility Method for calculation. Inspired by traditional volatility analysis, this indicator provides a versatile tool for traders to interpret market sentiments and identify potential trading opportunities, including potential reversal points . By adjusting the period length in the settings, users can fine-tune OVS sensitivity to capture buy or sell signals, achieving different signal qualities.
Sophisticated Calculation Methodology:
The OVS derives insights from Oster's Volatility Method, utilizing metrics related to price range and movement to assess market dynamics. It calculates the relative movement index, providing traders with a quantifiable measure of market sentiment. Additionally, OVS incorporates the Average True Range (ATR) to further refine its analysis, ensuring comprehensive insights into market volatility dynamics.
Interpretation:
Oster's Vola Sentiment (OVS) , represented on the chart, offers traders insights into market sentiment dynamics and potential reversal points . Values above 0 indicate a buy tendency, suggesting favorable conditions for buying opportunities, while values below 0 suggest a sell tendency, signaling potential selling pressure. The probability of a significant market move increases as OVS values approach the predefined buy or sell thresholds. Values exceeding the buy threshold indicate stronger buying signals, while values below the sell threshold signify stronger selling signals. By aligning these interpretations with the trader's investment strategy, OVS aids in decision-making processes, offering nuanced perspectives on market movements.
Dynamic Color Coding for Visual Clarity:
To enhance user experience and facilitate quick decision-making, OVS incorporates dynamic color coding . Market conditions favoring selling are denoted by red hues, while those conducive to buying are highlighted in green. Neutral conditions, indicative of balanced market sentiment, are represented in neutral colors. This intuitive visual feedback enables traders to swiftly identify market opportunities and risks, empowering them to make informed trading decisions.
Customizable Parameters for Tailored Analysis:
Acknowledging the diverse trading preferences and strategies of its users, OVS offers customizable parameters. Traders can adjust the period length to fine-tune the indicator's sensitivity to their desired level, balancing the frequency and quality of signals according to their trading objectives. Additionally, OVSs alert functionalities allow traders to set personalized thresholds, aligning with their risk tolerance and market outlook.
Conclusion:
In conclusion, Oster's Vola Sentiment (OVS) emerges as a valuable addition to the trader's toolkit, offering a versatile and accessible approach to market analysis. Built upon Oster's Volatility Method and sophisticated calculation methodologies, OVS provides traders with actionable insights into market sentiment across various timeframes and asset classes , including potential reversal points. Its intuitive visualizations, coupled with customizable parameters and alert functionalities, empower traders to navigate dynamic market conditions with confidence. Whether you're a seasoned investor or a novice trader, OVS equips you with the tools needed to stay ahead in today's competitive markets.
CoT artificial by Oster and Freundl (CoF)Overview:
CoF , short for "CoT artificial by Oster and Freundl", presents a novel approach to market analysis, inspired by the traditional Commitments of Traders (CoT) Index . Based on the artificial CoT calculation according to Freundl and Oster (explained below), this indicator provides traders with a versatile tool applicable across various markets, including individual stocks. Unlike its predecessor, CoF offers flexibility in its application, accommodating traders with different investment horizons, whether they operate on weekly, daily, hourly, or even minute candlesticks. By adjusting the period length in the settings, users can fine-tune the sensitivity of CoF to capture buy or sell signals, albeit with differing signal qualities. Additionally, CoF is equipped with alert functionalities, enhancing its usability for traders seeking timely market insights.
Sophisticated Calculation Methodology:
CoF derives its insights from a sophisticated calculation methodology, leveraging price range and price movement metrics to assess market dynamics. The indicator computes the ratio between the moving averages of price movement and price range over a specified period. This ratio, once normalized and scaled to a 0-100 range , provides traders with a quantifiable measure of market sentiment. Notably, CoF's calculation method, while nuanced, ensures accessibility and usability for traders seeking actionable insights without delving into complex mathematical formulations.
Interpretation:
CoF-Index, represented on the chart, offers traders insights into market sentiment dynamics . Values below the sell threshold indicate potential selling pressure, triggering sell alerts to alert traders to potential downturns. Conversely, values exceeding the buy threshold signal buying opportunities, prompting buy alerts for traders to capitalize on potential market upswings. By aligning these interpretations with the trader's investment strategy, CoF aids in decision-making processes, offering nuanced perspectives on market movements.
Dynamic Color Coding for Visual Clarity:
To enhance user experience and facilitate quick decision-making, CoF incorporates dynamic color coding . Market conditions favoring selling are denoted by red hues, while those conducive to buying are highlighted in green. Neutral conditions, indicative of balanced market sentiment, are represented in neutral colors. This intuitive visual feedback enables traders to swiftly identify market opportunities and risks, empowering them to make informed trading decisions.
Customizable Parameters for Tailored Analysis:
Acknowledging the diverse trading preferences and strategies of its users, CoF offers customizable parameters . Traders can adjust the period length to fine-tune the indicator's sensitivity to their desired level, balancing the frequency and quality of signals according to their trading objectives. Additionally, CoF's alert functionalities allow traders to set personalized thresholds, aligning with their risk tolerance and market outlook.
Conclusion:
In conclusion, CoF emerges as a valuable addition to the trader's toolkit, offering a versatile and accessible approach to market analysis. Built upon a foundation of sophisticated calculation methodologies, CoF provides traders with actionable insights into market sentiment across various timeframes and asset classes . Its intuitive visualizations, coupled with customizable parameters and alert functionalities, empower traders to navigate dynamic market conditions with confidence. Importantly, the CoF index offers traders the flexibility to employ a synthetically calculated method, inspired by the classic CoT-Index, regardless of market or investment horizon . Whether you're a seasoned investor or a novice trader, CoF equips you with the tools needed to stay ahead in today's competitive markets.
Day First Candle BreakoutR-DFCB V1.5: Day First Candle Breakout
This indicator identifies potential breakout opportunities based on the first candle of the trading day. It considers the high and low of the initial trading range to determine possible entry points, along with the previous day's high and low to gauge the strength of the trend.
Key Features:
Day First Candle Breakout: Analyzes the first candle of the trading day to identify potential breakout scenarios.
Timeframe Selection: Allows users to select the timeframe for analyzing the first candle (e.g., 5, 15, or 60 minutes).
Previous Day and Week High/Low: Displays the high and low of the previous day and week to provide additional context for trading decisions.
Previous Day Trend Strength: Indicates whether the current price is above or below the previous day's high or low, signaling a stronger bullish or bearish trend respectively.
Trading Signals:
Buy Signal: Triggered when the price exceeds the high of the initial trading range after an upward price gap.
Sell Signal: Generated when the price falls below the low of the initial trading range after a downward price gap.
Trend Strength Analysis:
Strong Bullish Trend: If the current price is above the previous day's high, it indicates a stronger bullish trend.
Strong Bearish Trend: If the current price is below the previous day's low, it suggests a stronger bearish trend.
Caveats for Effective Trading:
Extended Trading Ranges: Adjusts support and resistance levels if the initial trading range extends beyond the defined timeframe.
Morning Noise Consideration: Exercises caution during volatile morning sessions to avoid false breakouts and whipsaws.
Pullbacks and Narrow Range Bars: Looks for opportunities during pullbacks or when the price forms narrow range bars to enter trades, reducing the risk of sudden reversals.
Altered Money Flow Index by CoffeeShopCrypto**Use the comments section below to request access to the script**
Market Trends need to be confirmed each and every time.
Over the years the Money Flow Index has been a tool to find where the money is flowing
either long or short in market movements.
Long confirmation and false short
Confirming a long entry:
1. Wait for price to close above a previous swing high.
2. Look to see if the MFI is in UPCOLOR and above ZERO.
Confriming a short entry:
1. Wait for price to close below a previous swing low.
2. Look to see if the MFI is in DOWNCOLOR and below ZERO.
NON-Confirmed market: (Flat Market)
Anytime you believe you have a confirmation via price action, check the MFI to see if it is in FLAT MARKET color.
If this is true, do not enter until it is out of FLAT MARKET color.
Flat Market ALtered MFI
A Flat Market Altered MFI reading can do a few things for you.
It can help to confirm the following:
1. price action is moving sideways.
2. a pullback or market stall that was deep enough where dis-intrest in the market occured.
3. a sudden loss of momentum in the short term trend of closing prices.
Utilizing the Altered Money Flow Index indicator by CoffeeShopCrypto offers traders a nuanced approach to identifying market trends, including periods of flat market conditions. Alongside its directional bias indicating bullish or bearish activity based on whether values are above or below zero, respectively, the script incorporates a distinctive feature to recognize flat markets. When neither bullish nor bearish momentum dominates, the indicator designates a flat market, denoted by a distinct color. This feature enhances traders' ability to discern not only bullish and bearish phases but also periods of market consolidation or indecision.
In addition to its ability to recognize bullish and bearish trends, the Altered Money Flow Index indicator by CoffeeShopCrypto incorporates a unique feature to signify potential pullbacks or pauses in market momentum. This is particularly evident when the MFI crosses below zero while displaying a flat market color. Such occurrences suggest that although the short-term movement may appear bearish, it's likely a temporary pullback rather than a sustained trend reversal. Similarly, when the MFI crosses above zero amidst a flat market color, it indicates a potential pause in bullish momentum, urging traders to exercise caution and await confirmation of a sustained uptrend. By incorporating these nuanced observations, traders can effectively discern between short-term fluctuations and significant trend changes, enabling them to make more judicious trading decisions and avoid premature entries or exits.
Alongside its directional bias indicating bullish or bearish activity based on whether values are above or below zero, respectively, the script integrates the Relative Strength Index (RSI) to further refine market analysis. When the Altered MFI and RSI are both above zero, it suggests a strong bullish trend, indicating significant buying pressure. Conversely, when both indicators are below zero, it indicates a strong bearish trend, signifying heightened selling pressure. By observing the confluence between the Altered MFI and RSI, traders can gain valuable confirmation of bullish or bearish money flow in the market, enabling them to make more informed trading decisions.
Awakening CHECHLISTThe Awakening Checklist indicator is a tool designed to help traders evaluate certain key market conditions and elements before making trading decisions. It consists of a series of questions that the trader must answer using the options "Yes", "No" or "N/A" (not applicable).
“Has Asia Session ended?” : This question aims to determine if the Asian trading session has ended. The answer to this question can influence trading strategies depending on market conditions.
“Have you identified potential medium induction?” : This question concerns the identification of potential average inductions on the market. Recognizing these inductions can help traders anticipate future price movements.
"Have you identified potential PoI's": This question asks about the identification of potential points of interest on the market. These points of interest can indicate areas of significant support or resistance.
"Have you identified in which direction they are creating lQ?" : This question aims to determine in which direction market participants create liquidity (lQ). Understanding this dynamic can help make informed trade decisions.
“Have they induced Asia Range”: This question concerns the induction of the Asian range by market participants. Recognizing this induction can be important in assessing future price movements.
“Have you had a medium induction”: This question asks about the presence of a medium induction on the market. The answer to this question can influence trading prospects.
“Do you have a BoS away from the induction”: This question aims to find out if the trader has an offer (BoS) far from the identified induction. This can be a risk management strategy.
"Doas your induction PoI have imbalance": This question concerns the imbalance of points of interest (PoI) linked to induction. Recognizing this imbalance can help anticipate price movements.
“Do you have a valid target in mind”: This question aims to find out if the trader has a clear trading objective in mind. Having a goal can help guide trading decisions and manage risk.
Kyrie Crossover ( @zaytradellc )Unlocking Market Dynamics: Kyrie Crossover Script by @zaytradellc
personalized trading success with the "Kyrie Crossover" script, meticulously crafted by @zaytrade. This innovative Pine Script, tailored to the birthdays of Kyrie and the script creator, combines the power of technical analysis with a touch of personalization to revolutionize your trading experience.
**Exponential Moving Average (EMA) Crossover Strategy:**
At the heart of the "Kyrie Crossover" script lies a sophisticated EMA crossover strategy. By utilizing a 10-period EMA and a 323-period EMA (symbolizing long term price action ), the strategy effectively captures market trends with precision and insight.
- **Short-Term EMA (10-period):** This EMA reacts swiftly to recent price changes, offering heightened sensitivity to short-term fluctuations. It excels in identifying immediate shifts in market sentiment, making it invaluable for pinpointing short-lived trends and potential reversal points.
- **Long-Term EMA (323-period):** In contrast, the long-term EMA provides a broader perspective by smoothing out short-term noise and focusing on longer-term trend direction. Its extended length filters out market noise effectively, providing a clear representation of the underlying trend's momentum and sustainability.
**Directional Movement Index (DMI) Metrics:**
The "Kyrie Crossover" script goes beyond traditional indicators by incorporating DMI metrics across multiple timeframes. By assessing trend strength and direction, traders gain valuable insights into market dynamics, allowing for informed decision-making.
**Simple Instructions to Profit:**
1. **Identify EMA Crossovers:** Look for instances where the short-term EMA (10-period) crosses above the long-term EMA (323-period) for a bullish signal, indicating a potential buying opportunity. Conversely, a crossover where the short-term EMA crosses below the long-term EMA signals a bearish trend and a potential selling opportunity.
2. **Confirm with DMI Metrics:** Validate EMA crossovers by checking DMI metrics across different timeframes (5 minutes, 15 minutes, 30 minutes, and 1 hour). Pay attention to color-coded indicators, with green indicating a bullish trend, red indicating a bearish trend, and white indicating no clear trend.
3. **Manage Risk:** Implement proper risk management techniques, such as setting stop-loss orders and position sizing based on your risk tolerance and trading objectives.
4. **Stay Informed:** Regularly monitor market conditions and adjust your trading strategy accordingly based on new signals and emerging trends.
