Davidova Strategy / Owl of ProfitDavidova Strategy
This comprehensive trading strategy is designed to combine various technical indicators, offering dynamic trend analysis, support/resistance detection, and signal generation.
Features
EMA (Exponential Moving Averages):
Two EMAs (13 and 21) dynamically adjust their colors based on trend direction.
Rising trends = green, falling trends = red.
Hull Moving Average (Optional):
A smooth trend indicator for improved visual clarity, adjustable via settings.
Support/Resistance Levels:
Automatically detects key support and resistance levels based on recent highs and lows.
Plots these levels for better decision-making.
Candle Body Resistance Channel:
Highlights resistance levels using recent candle closes.
Ideal for spotting potential breakout or reversal zones.
Signal Generator:
Generates BUY and SELL signals using higher timeframe open and close price crossovers.
Strategy Logic
BUY Condition:
Triggered when the higher timeframe's close price crosses above its open.
SELL Condition:
Triggered when the higher timeframe's close price crosses below its open.
Exit Logic:
Positions are exited based on trend reversals or opposing signals.
Customization
Timeframe:
Default set to 12-hour candles (720).
Adjustable to fit different trading styles.
Indicator Settings:
EMA Lengths: Default 13 and 21.
Hull MA Length: Adjustable via user input.
Candle Body Resistance Channel:
Optional feature to visualize price channels.
This strategy is perfect for traders looking for a holistic approach to technical analysis, combining trend detection, support/resistance zones, and customizable signals.
Visit my website for more tools and strategies: bybitindicators.com
Happy Trading! 😊
Analisi trend
Chilllax Relative Strength Line with NewHigh NewLow Blue DotThis is similar to the IBD MarketSurge (MarketSmith) Blue Dot:
www.investors.com
this plots the RS line of the instrument vs an index (default index is SPX)
if the RS hits a New High over the past X bars (default is 50), it shows a Light Blue (user definable) Dot on the RS line, if RS hits New High before the instrument hits New High, it shows a bigger/darker Blue Dot. Reverse for New Lows (orange for RS NL, Red for RS NL before Price NL)
this Dot is similar to the IBD Marketsurge RS New High Blue Dot, this indicator shows all the previous dots (MarketSurge shows only the last one), this one also shows New Lows, and
distinguishes RS NH before Price NH, and RS NL before Price NL. IBD's lookback period is 52 week, here it is default to 50d, but changeable.
Buffalo Trading Pattern with Buy/Sell Signals (White Text)Buffalo Trading Strategy using 20day SMA crosses above 50day SMA. Plots Buy / SELL Signal during the cross over
VWAP + Fibo + Chandelier ExitOpis funkcji i integracji
VWAP i Fibo:
Oblicza poziomy Fibonacciego na podstawie VWAP.
Dodaje sygnały kupna/sprzedaży w oparciu o przecięcia cen z poziomami Fibo.
Chandelier Exit:
Działa niezależnie od VWAP.
Generuje sygnały na podstawie zmiany kierunku trendu.
Wizualizacja:
Poziomy VWAP i Fibo są oznaczone różnymi kolorami.
Poziomy Chandelier Exit są widoczne jako linie wsparcia/oporu.
Sygnały są oznaczone etykietami na wykresie.
Zlecenia:
Strategie otwierają i zamykają pozycje w oparciu o oba wskaźniki.Opis funkcji i integracji
VWAP i Fibo:
Oblicza poziomy Fibonacciego na podstawie VWAP.
Dodaje sygnały kupna/sprzedaży w oparciu o przecięcia cen z poziomami Fibo.
Chandelier Exit:
Działa niezależnie od VWAP.
Generuje sygnały na podstawie zmiany kierunku trendu.
Wizualizacja:
Poziomy VWAP i Fibo są oznaczone różnymi kolorami.
Poziomy Chandelier Exit są widoczne jako linie wsparcia/oporu.
Sygnały są oznaczone etykietami na wykresie.
Zlecenia:
Strategie otwierają i zamykają pozycje w oparciu o oba wskaźniki.
Indecision OscillatorThis Pine Script v6 component calculates and plots an "Indecision Oscillator" based on the presence of Doji and Spinning Top candlestick patterns over a user-defined lookback period.
Here's how it works:
User Inputs: length - the lookback period for calculating the oscillator, dojiThreshold - the threshold for identifying Doji patterns, spinningTopThreshold - the threshold for identifying Spinning Top patterns.
Pattern Detection: The script defines functions to detect Doji and Spinning Top patterns based on the body size relative to the total range of the candle.
Score Calculation: It calculates scores for Doji and Spinning Top patterns over the specified lookback period and normalizes these scores.
Indecision Oscillator: The oscillator is calculated as the average of the normalized Doji and Spinning Top scores.
Plotting: Only the Indecision Oscillator is plotted on the chart, with reference lines for neutral and indecision levels.
This component provides a visual representation of market indecision, which can be useful for traders looking to identify potential reversal points or periods of consolidation.
Keltner Channel + RSI / Owl of ProfitKeltner Channel + RSI Strategy
This strategy combines the Keltner Channel and RSI indicators to identify trading opportunities based on price levels and momentum.
Features
Keltner Channel
Calculated using EMA and ATR.
Upper and lower bounds provide a dynamic range for price action.
Default parameters:
EMA Period: 20
ATR Period: 10
ATR Multiplier: 1.5
RSI (Relative Strength Index)
Identifies overbought and oversold conditions.
Default parameters:
RSI Period: 14
Overbought Level: 70
Oversold Level: 30
Strategy Conditions
Long Entry
Price crosses above the lower Keltner Channel.
RSI is below the oversold level.
Short Entry
Price crosses below the upper Keltner Channel.
RSI is above the overbought level.
Exit Logic
Close Long
Price crosses below the EMA.
RSI rises above 50.
Close Short
Price crosses above the EMA.
RSI falls below 50.
Visualization
Keltner Channel:
Upper and lower bounds plotted with transparent fill for better clarity.
EMA line for midpoint reference.
RSI:
Plots RSI with dotted horizontal lines for overbought and oversold levels.
Signal Markers:
Buy (green) and Sell (red) labels plotted for entry signals.
This strategy is ideal for traders who want to combine price action with momentum-based signals to capture dynamic market moves.
Visit my website for more tools and strategies: bybitindicators.com
Happy trading!
BB + RSI, Double Strategy (by ChartArt) / Owl of Profit remakeSpecial thanks to ChartArt for the original concept and inspiration.
This strategy combines Bollinger Bands with the Relative Strength Index (RSI) to identify overbought and oversold conditions, providing precise entry and exit points.
Features:
Bollinger Bands:
Measures volatility and price deviations from the SMA.
Period Length: 200 (default).
Standard Deviation Multiplier: 2.0 (default).
Helps identify potential reversal zones at the upper and lower bands.
Relative Strength Index (RSI):
A momentum oscillator to measure overbought and oversold conditions.
Length: 6 (default).
Overbought Level: 50 (default).
Oversold Level: 50 (default).
Entry and Exit Logic:
Long Entry:
RSI crosses above the oversold level (50).
Price crosses above the lower Bollinger Band.
Short Entry:
RSI crosses below the overbought level (50).
Price crosses below the upper Bollinger Band.
Exit Logic:
Long positions are closed when the price and RSI criteria for a short entry are met.
Short positions are closed when the price and RSI criteria for a long entry are met.
Visualization:
Bollinger Bands:
Plotted with the basis (aqua line), upper band (silver), and lower band (silver).
Background fill highlights the bands.
Bar and Background Colors:
Green for bullish conditions (price below the lower band and RSI below the oversold level).
Red for bearish conditions (price above the upper band and RSI above the overbought level).
Customization:
Adjustable Bollinger Bands and RSI parameters to fit different market conditions.
Optional bar and background coloring for enhanced chart readability.
This strategy is ideal for traders looking to combine volatility and momentum analysis for high-probability entries and exits.
Visit my website for more tools and strategies: bybitindicators.com
Happy trading!
Choppiness IndexThis Pine Script v6 indicator calculates the Choppiness Index over a user-defined length and segments it based on user-defined thresholds for choppy and trending market conditions. The indicator allows users to toggle the visibility of choppy, trending, and neutral segments using checkboxes.
Here's how it works:
Inputs: Users can set the length for the Choppiness Index calculation and thresholds for choppy and trending conditions. They can also choose which segments to display.
Choppiness Index Calculation: The script calculates the Choppiness Index using the ATR and the highest-high and lowest-low over the specified length.
Segment Determination: The script determines which segment the current Choppiness Index value falls into based on the thresholds. The color changes exactly at the threshold values.
Dynamic Plotting: The Choppiness Index is plotted with a color that changes based on the segment. The plot is only visible if the segment is "turned on" by the user.
Threshold Lines: Dashed horizontal lines are plotted at the choppy and trending thresholds for reference.
This indicator helps traders visualize market conditions and identify potential transitions between choppy and trending phases, with precise color changes at the threshold values.
TVMC - Composite Indicator with Technical RatingsDescription:
The TVMC (Trend, Volume, Momentum, Composite) indicator is a powerful multi-component tool designed to provide traders with a comprehensive understanding of market conditions. By combining four essential technical analysis components—trend, momentum, volume, and volatility—this indicator offers clear and actionable insights to assist in decision-making.
Key Features:
1. Trend Component (TC):
* Based on MACD (Moving Average Convergence Divergence), this component analyzes the relationship between two exponential moving averages (fast and slow) to determine the prevailing market trend.
* The MACD signal is normalized to a range of -1 to +1 for consistency and clarity.
2. Momentum Component (MC):
* Utilizes RSI (Relative Strength Index) to measure the strength and speed of price movements.
* This component highlights overbought or oversold conditions, which may indicate potential market reversals.
3. Volume Confirmation (VC):
* Compares the current trading volume to its moving average over a specified period.
* High volume relative to the average confirms the validity of the current trend.
4. Volatility Filter (VF):
* Uses ATR (Average True Range) to gauge market volatility.
* Adjusts and smooths signals to reduce noise during periods of high volatility.
5. Technical Ratings Integration:
* Incorporates TradingView’s Technical Ratings, allowing users to validate signals using moving averages, oscillators, or a combination of both.
* Users can choose their preferred source of ratings for enhanced signal confirmation.
How It Works:
The TVMC indicator combines the weighted contributions of the Trend, Momentum, and Volume components, further refined by the Volatility Filter. Each component plays a specific role:
* Trend: Identifies whether the market is bullish, bearish, or neutral.
* Momentum: Highlights the strength of price action.
* Volume: Confirms whether the current price action is supported by sufficient trading activity.
* Volatility: Filters out excessive noise in volatile market conditions, providing a smoother and more reliable output.
Visualization:
1. Bullish Signals:
* The indicator line turns green and remains above the zero line, indicating upward momentum.
2. Bearish Signals:
* The indicator line turns red and falls below the zero line, signaling downward momentum.
3. Neutral Signals:
* The line is orange and stays near zero, indicating a lack of strong trend or momentum.
4. Zones:
* Horizontal lines at +30 and -30 mark strong bullish and bearish zones, respectively.
* A zero line is included for clear separation between bullish and bearish signals.
Recommended Usage:
* Best Timeframes: The indicator is optimized for higher timeframes such as 4-hour (H4) and daily (D1) charts.
* Trading Style: Suitable for swing and positional trading.
* Customization: The indicator allows users to adjust all major parameters (e.g., MACD, RSI, volume, and ATR settings) to fit their trading preferences.
Customization Options:
* Adjustable weights for Trend, Momentum, and Volume components.
* Fully configurable settings for MACD, RSI, Volume SMA, and ATR periods.
* Timeframe selection for multi-timeframe analysis.
Important Notes:
1. Originality: The TVMC indicator combines multiple analysis methods into a unique framework. It does not replicate or minimally modify existing indicators.
2. Transparency: The description is detailed enough for users to understand the methodology without requiring access to the code.
3. Clarity: The indicator is explained in a way that is accessible even to users unfamiliar with complex technical analysis tools.
Compliance with TradingView Rules:
* The indicator is written in Pine Script version 5, adhering to TradingView’s language standards.
* The description is written in English to ensure accessibility to the global community, with a clear explanation of all components and functionality.
* No promotional content, links, or unrelated references are included.
* The chart accompanying the indicator is clean and demonstrates its intended use clearly, with no additional indicators unless explicitly explained.
Weekly Pivot, S&RThis indicator is for calculating pivot point and 2 support and resistance levels arround that pivot point.
kyle algo v1 (kylealgo) / Owl of Profit remakeKyle Algo v1 Strategy (kylealgo)
Big thanks to kylealgo for providing this versatile trading strategy! The Kyle Algo v1 strategy integrates a modified Supertrend indicator, Keltner Channels, and EMA Energy to deliver precise buy/sell signals with trend-following logic.
Features:
Modified Supertrend with Keltner Channels:
Uses a custom implementation of Supertrend based on Keltner Channels for dynamic support and resistance levels.
Sensitivity and ATR factor are fully customizable for adapting to market conditions.
EMA Energy Bands:
Plots a series of 15 EMAs with dynamic color coding to reflect bullish (green) or bearish (red) energy.
Trend Catcher:
Highlights EMA crossovers (short-term vs. long-term) for additional confirmation of trend direction.
Buy and Sell Signals:
Clear buy/sell signals generated when the price crosses the modified Supertrend line.
Labels and bar colors indicate market direction for easy visualization.
Entry and Exit Logic:
Long Condition:
Triggered when the price crosses above the Supertrend line.
Closes any short positions and opens (or adds to) a long position.
Short Condition:
Triggered when the price crosses below the Supertrend line.
Closes any long positions and opens (or adds to) a short position.
Visualization:
Supertrend Indicator: Dynamic lines with clear buy (green) and sell (red) zones.
EMA Energy Bands: 15 EMAs color-coded based on price action.
Keltner Channels: Provides additional visual cues for price range.
Bar Colors: Candles are dynamically colored based on Supertrend and EMA crossovers.
Alerts:
Built-in alerts for buy and sell signals to ensure you never miss a trade.
This strategy combines trend-following tools with dynamic indicators to provide robust trade setups. Use it for backtesting and further customization to suit your trading needs.
Visit my website for more tools and strategies: bybitindicators.com
Happy trading!
Market Structure Break with RSIMrBishop specializes in market structure breaks and using RSI oscillator. What is classified as a market structure break is when a candle closes below the most recent swing high's bottom wick or when a candle closes above the most recent swing low's top wick. RSI oscillator is set to 60/40 with length of 10 and a SMA length of 10. I enter a long trade when RSI line is below the 50 mark and there is a market structure break. I enter a short trade when RSI is above the 50 mark and there is a market structure break.
Strategy EngulfingThis script implements a trading strategy that identifies "engulfing" candlestick patterns and uses the Supertrend indicator to enter and exit trades.
T&W Indikator### Beschreibung des Indikators
**Indikatorname:**
**EMA 20, 50, 200 & Hammer Pattern**
#### Funktionen des Indikators:
1. **EMA-Berechnung und Darstellung:**
- Der Indikator berechnet und zeigt die Exponentiellen Gleitenden Durchschnitte (EMAs) für die Perioden 20, 50 und 200.
- Jede EMA hat eine spezifische Farbe:
- **Blau:** EMA 20 (Kurzfristige Trends).
- **Orange:** EMA 50 (Mittelfristige Trends).
- **Rot:** EMA 200 (Langfristige Trends).
- Über jeder EMA wird bei der letzten Kerze die jeweilige Bezeichnung (z. B. "EMA 20") angezeigt, um die Werte zu identifizieren.
2. **Hammer-Kerzenmuster-Erkennung:**
- Der Indikator erkennt und markiert Hammer-Kerzenmuster, die potenzielle Umkehrsignale liefern.
- Bedingungen für das Muster:
- Der obere Schatten darf nicht größer als der Kerzenkörper sein.
- Der untere Schatten muss mindestens doppelt so groß sein wie der Kerzenkörper.
- Hämmer werden mit einem **grünen Dreieck** unterhalb der entsprechenden Kerze markiert.
3. **Signal für drei Kerzen unter einem lokalen Hoch:**
- Der Indikator erkennt, wenn nach einer lokalen Hochkerze drei aufeinanderfolgende Kerzen vollständig unter diesem Hoch bleiben.
- Ein **rotes Symbol** (Diamant) wird über der dritten Kerze angezeigt, die die Bedingung erfüllt.
4. **Dynamische Textkästen oben rechts im Chart:**
- Der Indikator zeigt zwei Textkästen in der oberen rechten Ecke des Charts:
- **Trendkasten:**
- Zeigt die aktuelle Marktphase an:
- **Grün:** "3Phasen" für Aufwärtstrend.
- **Rot:** "6Phasen" für Abwärtstrend.
- **Grau:** "Neutral" bei seitwärtsgerichteten Märkten.
- Die Schriftfarbe ist immer Weiß.
- **Signal-Kasten:**
- Ein **blauer Kasten**, wenn das Signal für drei Kerzen unter einem lokalen Hoch ausgelöst wird.
- Der Text lautet: "Signal Active".
---
#### Einsatzmöglichkeiten:
- **EMA-Trends:** Identifizieren von kurzfristigen, mittelfristigen und langfristigen Trends.
- **Hammer-Erkennung:** Unterstützt bei der Erkennung potenzieller Umkehrpunkte.
- **Signale bei drei Kerzen unter einem Hoch:** Erkennt Schwäche nach einem lokalen Hochpunkt.
- **Visuelle Darstellung:** Mit den Farbkasten und Symbolen ermöglicht der Indikator eine einfache und intuitive Analyse der Marktphasen.
---
**Hinweis:** Dieser Indikator eignet sich für Trader, die Trends erkennen und potenzielle Umkehrpunkte visualisieren möchten. Ergänze ihn mit anderen Tools für eine noch detailliertere Analyse.
EMA Study Script for Price Action TradersThis indicator creates an Exponential Moving Average (EMA) with customizable bands around it.
The bands can be based on three different calculation methods:
1. Full Average Bar Range (high-low)
2. Body Average Bar Range (open-close)
3. Standard Deviation of the EMA
Users can display up to three bands above and below the EMA, with options to customize the colors, transparency, and whether to fill the area between bands. The indicator serves both as a research tool for studying price action around EMAs and as a potential trading tool for identifying volatility zones.
Key features:
- Configurable EMA period and color
- Three different band calculation methods
- Up to 3 standard deviations of band display
- Optional band filling with customizable color and transparency
- Overlay display for easy price action analysis
G-Channel Trend Detection (jaggedsoft) / Owl of Profit remakeG-Channel Trend Detection Strategy (by jaggedsoft)
Special thanks to jaggedsoft and AlexGrover for the original concept and inspiration for this strategy.
This strategy leverages G-Channels for efficient trend detection by calculating the upper and lower extremities, providing dynamic signals for trend-based trading.
Features
G-Channels:
Calculates upper (a) and lower (b) bounds of price movement over a specified length.
Dynamic calculation adjusts with each bar, forming an average line (avg) for trend analysis.
Signal Detection:
Bullish Signal: When close moves above the lower bound.
Bearish Signal: When close moves below the upper bound.
Color-Coded Visualization:
Green (lime) for bullish trends.
Red for bearish trends.
Fills the area between the average line and the close price with trend-aligned colors for better visual clarity.
Entry and Exit Logic
Long Entry:
Triggered when a bullish trend starts.
Short Entry:
Triggered when a bearish trend starts.
Exit Logic:
Positions are automatically exited based on trend reversals.
Customization
Length Parameter:
Default: 100 bars.
Adjust to fit different timeframes and trading styles.
Cross Markers:
Optional cross markers for buy and sell signals can be toggled on/off for additional clarity.
This strategy is ideal for traders looking to capitalize on dynamic trend movements while maintaining visual clarity of market conditions.
Visit my website for more tools and strategies: bybitindicators.com
Happy trading!
Candle Emotion Index (CEI)The Candle Emotion Index (CEI) is a comprehensive sentiment analysis indicator that combines three sub-oscillators—Indecision Oscillator, Fear Oscillator, and Greed Oscillator—to provide a single, unified measure of market sentiment. By analyzing bullish, bearish, and indecisive candlestick patterns, the CEI delivers a holistic view of market emotions and helps traders identify key turning points.
How It Works
Indecision Oscillator: Measures market uncertainty using Doji and Spinning Top candlestick patterns. Scores their presence and normalizes the results over a user-defined lookback period.
Fear Oscillator: Measures bearish sentiment using Shooting Star, Hanging Man, and Bearish Engulfing candlestick patterns. Scores their presence and normalizes the results over a user-defined lookback period.
Greed Oscillator: Measures bullish sentiment using Marubozu, Bullish Engulfing, Hammer, and Three White Soldiers candlestick patterns. Scores their presence and normalizes the results over a user-defined lookback period.
Candle Emotion Index Calculation: The CEI is calculated as the average of the Indecision, Fear, and Greed Oscillators: CEI = (Indecision Oscillator + Fear Oscillator + Greed Oscillator) / 3
Plotting: The CEI is plotted as a single line on the chart, representing overall market sentiment.
Reference lines are added to indicate Low Emotion, Neutral, and High Emotion levels.
The Candle Emotion Index provides a unified perspective on market sentiment by blending indecision, fear, and greed into one easy-to-interpret metric. It serves as a powerful tool for traders seeking to gauge market psychology and identify high-probability trading opportunities. For best results, use the CEI in conjunction with other technical indicators to confirm signals.
Support and Resistance Levels (MMNOMICS)This indicator, titled "Support and Resistance Levels", is designed to identify and visualize critical price levels on a chart using Pine Script (version 5). It calculates support and resistance based on the highest and lowest prices over a user-defined lookback period (default: 20 bars). The support level represents the lowest low during this period, acting as a potential price floor, while the resistance level represents the highest high, serving as a potential price ceiling. These levels are plotted as green and red lines, respectively. To enhance visualization, dynamic zones are created with semi-transparent background colors—green when the price is near or below the support level, and red when the price is near or above the resistance level. Additionally, the indicator uses visual markers to highlight potential reversals: green triangles appear below bars near the support level, and red triangles above bars near the resistance level. This tool helps traders quickly identify areas of potential price action, aiding in decision-making and strategy development.
AIO EMA & RSI by buyukPATRONAIO EMA & RSI by buyukPATRON
Bu Pine Script™, EMA (Exponential Moving Average) ve RSI (Relative Strength Index) göstergelerini birleştirerek güçlü bir teknik analiz aracı sunar. Kod, hem trend takibi hem de momentum analizi için kapsamlı özelleştirme seçenekleri sağlar.
Özellikler:
1. EMA Göstergesi:
Kısa ve Uzun EMA'lar:
Kısa EMA'lar: 8, 13, 21 (Opsiyonel olarak etkinleştirilebilir).
Uzun EMA'lar: 144, 200, 233 (Opsiyonel olarak etkinleştirilebilir).
Kullanıcı Tanımlı EMA'lar:
9 farklı EMA periyodu, renkleri ve çizgi kalınlıkları kullanıcı tarafından özelleştirilebilir.
EMA Kesişim İşaretçileri:
Yukarı Kesişim: EMA1, EMA2'nin üzerine çıktığında yeşil üçgen.
Aşağı Kesişim: EMA1, EMA2'nin altına indiğinde kırmızı üçgen.
Arka Plan Vurgusu:
Fiyat EMA1'in üzerinde olduğunda arka plan vurgulanır.
2. RSI Göstergesi:
Gösterge Ayarları:
RSI periyodu ve veri kaynağı kullanıcı tarafından seçilebilir.
Hareketli Ortalama Seçenekleri:
SMA, EMA, WMA, VWMA, SMMA gibi çeşitli hareketli ortalamalar veya Bollinger Bantları kullanılabilir.
Bantlar ve Görselleştirme:
Aşırı Alım (70) ve Aşırı Satım (30) seviyeleri yatay çizgilerle belirtilir.
Orta bant (50) gösterilir.
RSI için Bollinger Bantları ve renk geçişli görselleştirme eklenmiştir.
Kullanım:
Bu script, fiyat hareketlerinin trend yönünü (EMA'lar aracılığıyla) ve momentumunu (RSI aracılığıyla) analiz etmek isteyen yatırımcılar için uygundur. Özelleştirme seçenekleri, farklı piyasa koşulları ve stratejiler için esneklik sağlar.
Fibonacci Extension Strt StrategyCore Logic and Steps:
Weekly Trend Identification:
Find the last significant Higher High (HH) and Lower Low (LL) or vice-versa on the Weekly timeframe.
Determine if it's an uptrend (HH followed by LL) or a downtrend (LL followed by HH).
Plot a Fibonacci Extension (or Retracement in reverse order) from the swing point determined to the other significant swing point.
Weekly Retracement Levels:
Display horizontal lines at the 0.236, 0.382, and 0.5 Fibonacci levels from the weekly extension.
Monitor price action on these levels.
Daily Confirmation:
When price hits the Fib levels, examine the Daily chart.
Look for a rejection wick (indicating the pull back is ending) on the identified weekly retracement levels.
Confirm that the price is indeed starting to continue in the direction of the original weekly trend.
Four-Hour Entry:
On the 4H timeframe, plot a new Fib Extension in the opposite direction of the weekly.
If it's an uptrend, the Fib is plotted from last swing low to its swing high. If the weekly trend was bearish the Fib will be plotted from last swing high to the swing low.
Generate an entry when price breaks the high of that candle.
Trade Management:
Entry is on the breakout of the current candle.
Stop Loss: Place the stop loss below the wick of the breakout candle.
Take Profit 1: Close 50% of the position at the 0.5 Fibonacci level. Move the stop loss to breakeven on this position.
Take Profit 2: Close another 25% of the position at the 0.236 Fib level.
Trailing Take Profit: Keep the last 25% open, using a trailing stop loss. (You'll need to define the logic for the trailing stop, e.g., trailing stop using the last high/low)
How to Use in TradingView:
Open a TradingView Chart.
Click on "Pine Editor" at the bottom.
Copy and paste the corrected Pine Script code.
Click "Add to Chart".
The indicator should now be displayed on your chart.
borsacı selim Al-Sat Noktalarıpinescript
//@version=5
indicator("Al-Sat Noktaları", overlay=true)
// Zaman dilimi seçimi
timeframe = input.timeframe("D", title="Zaman Dilimi Seçimi")
// Hareketli Ortalama
length = input(14, title="Hareketli Ortalama Süresi")
ma = ta.sma(request.security(syminfo.tickerid, timeframe, close), length)
// Al-Sat Sinyalleri
longCondition = ta.crossover(request.security(syminfo.tickerid, timeframe, close), ma)
shortCondition = ta.crossunder(request.security(syminfo.tickerid, timeframe, close), ma)
// Al-Sat Noktalarını Göster
plotshape(longCondition, style=shape.labelup, location=location.belowbar, color=color.green, size=size.small, text="AL")
plotshape(shortCondition, style=shape.labeldown, location=location.abovebar, color=color.red, size=size.small, text="SAT")
// Hareketli Ortalamayı Göster
plot(ma, color=color.blue, title="Hareketli Ortalama")
Whale Activity Impact OscillatorThe "Whale Activity Impact Oscillator" is a Pine Script v6 component designed to identify abnormal price movements caused by potential whale activity in the crypto market.
Here's how it works:
Inputs: The script allows users to configure the volume spike multiplier, price spike multiplier, lookback period, minimum volume threshold, and thresholds for strong buy and sell signals.
Data Calculations: It calculates the average volume and average percentage price change over the specified lookback period.
Whale Detection Logic: The script detects a volume spike if the current volume exceeds the average volume by the specified multiplier. It detects a price spike if the percentage price change exceeds the average by the specified multiplier.
Signals: A buy signal is generated when both a volume spike and a price increase are detected. A sell signal is generated when both a volume spike and a price decrease are detected.
Output: The oscillator is displayed as a histogram below the price chart. Green bars indicate buy signals, red bars indicate sell signals, and gray bars indicate normal activity. The height of the bars is proportional to the magnitude of the price change.
Alerts: The script includes alerts for whale buying and selling detected signals.
Edge Cases: The script avoids false signals in low-liquidity environments by setting a minimum volume threshold and filtering out signals during low market activity.
This component can be added to a TradingView chart to help traders identify potential whale activity and make informed trading decisions.
