Heikin Line - TB365Heikin Line - An Enhanced Smoothed Heiken Ashi Overlay
Built on the foundation of TheBacktestGuy’s Smoothed Heiken Ashi indicator, Heikin Line takes trend analysis to the next level with versatile enhancements and adaptable settings.
This indicator offers selectable moving averages both before and after Heiken Ashi (HA) calculation, adding an additional layer of smoothness to traditional HA candles.
Key Features:
Trend Identification: Detects short and long-term trend directions with greater clarity.
Dynamic Support and Resistance: Not limited to a single line, Heikin Line creates a dynamic support/resistance zone, offering a visual “height” that adjusts with market shifts.
Trailing Stop: Effective as a trailing stop for enhanced risk management.
Trend Reversal Detection: Quickly identifies potential reversals when price crosses above or below the Heiken Ashi candle.
Improvements:
Trend Strength Visualization: Uses a cord-like appearance to reflect trend strength, making it easier to spot strong or weak trends.
Quick Reversal Detection: Enhanced responsiveness to detect rapid market reversals.
Easy Integration: Seamlessly combines with other indicators for a comprehensive trading setup.
With numerous moving average options, Heikin Line is adjustable to suit various market conditions and trading styles. Additionally, it leverages my TAExt library, so you can use it within your own strategies for added versatility.
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Dynamic Volume-Based Buy/Sell IndicatorThis script provides a powerful volume-based indicator that visualizes buy and sell volumes, issues alerts for volume spikes, and adjusts color intensity dynamically based on volume size. It includes customizable settings for volume averaging and thresholds, making it adaptable to various trading strategies.
Harmony Signal Flow By ArunThis Pine Script strategy, titled "Harmony Signal Flow By Arun," uses the Relative Strength Index (RSI) indicator to generate buy and sell signals based on custom thresholds. The script incorporates stop-loss and target management and restricts new trades until the previous position closes. Here's a detailed description:
Custom RSI Metric:
The strategy calculates a 5-period RSI based on the closing price, aiming for a more responsive measure of price momentum.
RSI thresholds are defined:
Lower threshold (30): Indicates oversold conditions, triggering a potential buy.
Upper threshold (70): Indicates overbought conditions, prompting a possible sell.
Entry Conditions:
Buy Signal: The strategy initiates a buy order when the RSI crosses above the lower threshold (30), indicating a shift from oversold conditions.
Sell Signal: A sell order is triggered when the RSI crosses below the upper threshold (70), suggesting an overbought reversal.
Only one order (buy or sell) can be active at a time, ensuring that a new trade begins only when there’s no existing position.
Stop-Loss and Target Management:
For each trade, stop-loss and target conditions are applied to manage risk and secure profits.
For Buy Positions:
Stop-loss is set 100 points below the entry price.
Target is set 150 points above the entry price.
For Sell Positions:
Stop-loss is set 100 points above the entry price.
Target is 150 points below the entry price.
The strategy closes the trade when either the stop-loss or target is met, marking the trade as "closed" and allowing a new trade entry.
Trade Sequencing:
A new trade (buy or sell) is only permitted after the previous position hits either its stop-loss or target, preventing overlapping trades and ensuring clear trade sequences.
This sequential approach enhances risk management by ensuring only one active position at any time.
End-of-Day Closure:
All open positions are closed automatically at 3:25 PM (Indian market time) to avoid overnight exposure, ensuring the strategy remains strictly intraday.
The flag for trade entry is reset at the end of each day, enabling fresh trades the next day.
Chart Indicators:
The script plots buy and sell signals directly on the chart with visible labels.
It also displays the custom RSI metric with horizontal lines for the lower and upper thresholds, providing visual cues for entry and exit points.
Summary
This strategy is a momentum-based intraday trading approach that uses the RSI for identifying potential reversals and manages trades through predefined stop-loss and target levels. By enforcing trade sequencing and closing positions at the end of the trading day, it prioritizes risk management and seeks to capitalize on short-term trends while avoiding overnight market risks.
SimpleChart Indicator V1copyThe SimpleChart Indicator V1 is a technical analysis tool designed to facilitate trading decisions by providing clear buy and sell signals based on the relationship between the price and a Simple Moving Average (SMA). This indicator is especially useful for traders who prefer a straightforward, rule-based approach to market analysis.
Key Features:
Simple Moving Average (SMA): The core of the indicator is the SMA, which smooths price data over a specified period (default is 14 periods). This helps to identify the overall trend direction by filtering out short-term fluctuations.
Buy Signal: A buy signal is generated when the price crosses above the SMA. This indicates a potential upward trend, suggesting that it may be a good time to enter a long position.
Sell Signal: Conversely, a sell signal is triggered when the price crosses below the SMA. This suggests a potential downward trend, indicating that it may be time to exit a long position or consider a short position.
Visual Representation: The indicator provides clear visual cues on the chart:
Buy signals are marked with green labels below the bars.
Sell signals are marked with red labels above the bars.
The SMA line is plotted in blue, making it easy to identify the trend.
Benefits of Using SimpleChart Indicator V1:
User-Friendly: The indicator is easy to understand and implement, making it suitable for both novice and experienced traders.
Clarity in Decision Making: By providing distinct signals, the indicator helps traders make quick decisions based on the market's behavior concerning the moving average.
Trend Following: The SimpleChart Indicator V1 is particularly effective in trending markets, allowing traders to capture significant price movements.
Use Cases:
Day Trading: Traders can use the indicator for short-term trades by reacting quickly to buy and sell signals.
Swing Trading: The SMA helps identify trends over a longer period, making it suitable for swing traders looking to capitalize on price movements.
In summary, the SimpleChart Indicator V1 is a valuable tool for traders seeking a straightforward and effective way to analyze market trends and make informed trading decisions.
Confluence StrategyOverview of Confluence Strategy
The Confluence Strategy in trading refers to the combination of multiple technical indicators, support/resistance levels, and chart patterns to identify high-probability trading opportunities. The idea is that when several indicators agree on a price movement, the likelihood of that movement being successful increases.
Key Components
Technical Indicators:
Moving Averages (MA): Commonly used to determine the trend direction. Look for crossovers (e.g., the 50-day MA crossing above the 200-day MA).
Relative Strength Index (RSI): Helps identify overbought or oversold conditions. A reading above 70 may indicate overbought conditions, while below 30 suggests oversold.
MACD (Moving Average Convergence Divergence): Useful for spotting changes in momentum. Look for MACD crossovers and divergence from price.
Support and Resistance Levels:
Identify key levels where price has historically reversed. These can be drawn from previous highs/lows, Fibonacci retracement levels, or psychological price levels.
Chart Patterns:
Patterns like head and shoulders, double tops/bottoms, or flags can indicate potential reversals or continuations in price.
Strategy Implementation
Set Up Your Chart:
Add the desired indicators (e.g., MA, RSI, MACD) to your TradingView chart.
Mark significant support and resistance levels.
Identify Confluence Points:
Look for situations where multiple indicators align. For instance, if the price is near a support level, the RSI is below 30, and the MACD shows bullish divergence, this may signal a buying opportunity.
Entry and Exit Points:
Entry: Place a trade when your confluence conditions are met. Use limit orders for better prices.
Exit: Set profit targets based on resistance levels or use trailing stops. Consider the risk-reward ratio to ensure your trades are favorable.
Risk Management:
Always implement stop-loss orders to protect against unexpected market moves. Position size should reflect your risk tolerance.
Example of a Confluence Trade
Setup:
Price approaches a strong support level.
RSI shows oversold conditions (below 30).
The 50-day MA is about to cross above the 200-day MA (bullish crossover).
Action:
Enter a long position as the conditions align.
Set a stop loss just below the support level and a take profit at the next resistance level.
Conclusion
The Confluence Strategy can significantly enhance trading accuracy by ensuring that multiple indicators support a trade decision. Traders on TradingView can customize their indicators and charts to fit their personal trading styles, making it a flexible approach to technical analysis.
OBV based on MADescription:
This indicator calculates On-Balance Volume (OBV) based on the direction of a Simple Moving Average (SMA). Instead of using price movements, this OBV adds or subtracts volume depending on whether the SMA is rising or falling.
SMA-based OBV: When the SMA rises, the volume is added to the OBV. When the SMA falls, the volume is subtracted from the OBV. This allows traders to observe cumulative volume in relation to the wave patterns created by the SMA.
SMA Period: The period of the SMA can be customized, allowing traders to adjust it according to the wave size they want to observe.
While the cumulative volume indicator already exists, traders who analyze volume patterns can use this indicator to more easily conduct volume analysis across different wave sizes.
Inputs:
SMA Period: Defines the lookback period for calculating the Simple Moving Average (default is 25).
Ideal for:
Traders who want to analyze volume flow relative to moving average trends, rather than price movements. This can help identify underlying strength or weakness in market trends.
説明:
このインジケーターは、単純移動平均（SMA）の方向に基づいてオンバランス・ボリューム（OBV）を計算します。価格の動きではなく、SMAが上昇しているときは出来高を加算し、SMAが下降しているときは出来高を減算します。
SMA基準のOBV: SMAが上昇している場合はOBVに出来高が加算され、SMAが下降している場合は出来高が減算されます。これにより、SMAが作る波形に即した累積出来高を観察することができます。
SMA期間: トレーダーが見たい波のサイズ感に応じて、SMAの期間をカスタマイズできます。
既に累積出来高（Cumulative Volume）というインジケーターは存在しますが、波形を基に出来高を分析しているトレーダーは、このインジケーターを使うことで、様々なサイズの波形に即した出来高分析をより簡単に行うことができます。
入力項目:
SMA期間: 単純移動平均の計算に使用される期間を定義します（デフォルトは25）。
適しているトレーダー:
より波形に即した累積出来高分析を重視するトレーダーに最適です。
Daily Volume Metrics BoxDaily Volume Metrics Box
A powerful tool for monitoring intraday trading metrics in real-time. This indicator provides a clean, customizable display of key market statistics that reset daily.
🔑 Key Features:
- Daily Volume Distribution - Track positive and negative volume separately
- Net Volume Analysis - Monitor the balance of buying vs selling volume
- Average Candle Size - Dynamic calculation of recent price movement magnitude
- Flexible Positioning - Place the metrics box in any corner of your chart
- Auto-Reset - All metrics automatically reset at the start of each trading day
- Current Date Display - Always know which day's data you're viewing
📊 Metrics Explained:
1. Avg Size: Average candle size over your specified lookback period
2. Pos Vol: Accumulated volume from up-moves during the current day
3. Neg Vol: Accumulated volume from down-moves during the current day
4. Net Vol: The difference between positive and negative volume (Pos Vol - Neg Vol)
⚙️ Customization Options:
- Number of candles for average (1-∞)
- Background color and transparency
- Text color
- Box position (Top/Bottom, Left/Right)
- Distance from chart edge (1-5 bars)
📌 Usage Tips:
- Use larger lookback periods for more stable average candle size
- Position the box where it won't interfere with your chart analysis
- Monitor net volume for potential trend strength confirmation
- Compare positive and negative volume for insight into price momentum
🔄 Daily Reset:
All volume metrics reset at the start of each trading day, ensuring you're always looking at current day data only.
Perfect for day traders, swing traders, and anyone who wants to monitor intraday market dynamics with clean, organized metrics.
Note: This indicator works best on intraday timeframes where volume data is available.
OBV based on Heikin-AshiDescription
This indicator calculates the On-Balance Volume (OBV) based on Heikin-Ashi candles rather than regular candlesticks.
OBV based on Heikin-Ashi: The OBV is calculated based on Heikin-Ashi candle trends. Volume is added when the Heikin-Ashi close is above the open (bullish) and subtracted when the close is below the open (bearish).
Volume Analysis: This approach helps traders identify significant volume shifts in a smoother trend environment, reducing market noise that often accompanies traditional candlestick charts.
説明
このインジケーターは、通常のローソク足ではなく、平均足（Heikin-Ashi）を基にオンバランス・ボリューム（OBV）を計算します。
平均足に基づくOBV: OBVは、平均足のトレンドに基づいて計算されます。平均足の終値が始値を上回った場合（陽線）は出来高が加算され、終値が始値を下回った場合（陰線）は出来高が減算されます。
出来高分析: この手法により、通常のローソク足チャートで発生するノイズを軽減し、滑らかなトレンド環境で重要な出来高の変化を把握できます。
Advanced Supply and Demand Indicator# Advanced Supply and Demand Indicator
This Pine Script™ indicator helps traders identify potential supply and demand zones in financial markets. It uses price action, volume, and historical data to plot these zones on your chart, providing valuable insights for trading decisions.
## Key Features:
- Automatically detects and plots supply and demand zones
- Customizable lookback period for zone identification
- Adjustable strength multiplier for more precise zone detection
- User-defined opacity for visual clarity
- Combines price action and volume analysis for improved accuracy
## How It Works:
1. Identifies significant price levels using a specified lookback period
2. Analyzes volume data to confirm potential supply and demand zones
3. Plots supply zones in red and demand zones in green
4. Displays the current price for easy reference
## Customization Options:
- Lookback Period: Adjust the historical data range (1-100 bars)
- Zone Strength Multiplier: Fine-tune the sensitivity of zone detection (1.0-3.0)
- Zone Opacity: Set the transparency of plotted zones (10-100%)
This indicator is designed to help traders identify potential areas of support and resistance, allowing for more informed entry and exit decisions in their trading strategies.
Liquidity Analysis with Volume, ATR, and Chaikin Oscillator
Script Name: Liquidity Analysis with Volume, ATR, and Chaikin Oscillator
Description: This script analyzes market liquidity using three key indicators: Volume, ATR (Average True Range), and the Chaikin Oscillator. Based on the combination of these indicators, the script identifies three market conditions and visually highlights them with background colors:
High Liquidity Uptrend (Green Background):
Occurs when volume is high, ATR is above the threshold, and the Chaikin Oscillator is positive. This indicates strong liquidity with an upward trend in the market.
Alert: "High Liquidity Uptrend detected."
High Liquidity Downtrend (Red Background):
Occurs when volume is high, ATR is above the threshold, and the Chaikin Oscillator is negative. This signals strong liquidity but with a downward market trend.
Alert: "High Liquidity Downtrend detected."
Low Liquidity Stagnant Market (Yellow Background):
Occurs when volume is low, and ATR is below the threshold. This suggests a market with low liquidity and minimal price movement, indicating a range or stagnant phase.
Alert: "Low Liquidity Stagnant market detected."
Input Settings Panel:
Volume Threshold: This value sets the minimum volume required to determine high liquidity. If the volume is above this value, it is considered "high volume."
ATR Length: Defines the number of periods used to calculate ATR. The higher the value, the more smoothed the ATR calculation.
ATR Threshold: This sets the minimum ATR value required to signal a market with significant volatility. If ATR is above this value, the market is considered to have high volatility.
These settings allow you to fine-tune the script based on the characteristics of the asset being analyzed.
スクリプト名: 出来高、ATR、チャイキンオシレーターを用いた流動性分析
説明: このスクリプトは、出来高、ATR（平均真値幅）、およびチャイキンオシレーターという3つの主要な指標を用いて市場の流動性を分析します。これらの指標の組み合わせに基づいて、3つの市場状況を特定し、背景色で視覚的にハイライトします。
流動性が高い上昇相場（背景色：緑）:
出来高が高く、ATRがしきい値を超え、チャイキンオシレーターがプラスの場合に発生します。これは、強い流動性と市場の上昇トレンドを示します。
アラート: 「高流動性の上昇トレンドが検出されました。」
流動性が高い下降相場（背景色：赤）:
出来高が高く、ATRがしきい値を超え、チャイキンオシレーターがマイナスの場合に発生します。これは、強い流動性を伴う下降トレンドを示します。
アラート: 「高流動性の下降トレンドが検出されました。」
流動性が低い停滞相場（背景色：黄色）:
出来高が低く、ATRがしきい値以下の場合に発生します。これは流動性が低く、価格変動が少ない、レンジまたは停滞フェーズを示しています。
アラート: 「低流動性の停滞相場が検出されました。」
設定パネルの入力項目:
出来高のしきい値: 高流動性を判定するために必要な最小の出来高を設定します。この値を超える場合、「高出来高」と見なされます。
ATRの期間: ATRを計算する際に使用される期間数を定義します。値が大きいほど、ATRの計算が滑らかになります。
ATRのしきい値: しきい値を超えた場合に市場に大きなボラティリティがあると判断します。この値を上回るATRであれば、ボラティリティが高いと見なされます。
これらの設定により、分析対象の資産の特性に応じてスクリプトを調整できます。
NYSE UVOL RatioThis Pine Script is designed to monitor and display the ratio of advancing volume (UVOL) to declining volume (DVOL) on the NYSE in real-time on your TradingView charts. Here's a breakdown of what each part of the script does:
Indicator Declaration: The script starts by declaring an indicator called "NYSE UVOL" with the option to overlay it directly on the price chart. This allows you to see the volume ratio in context with price movements.
Volume Data Fetching:
Advancing Volume (UVOL): It retrieves the closing value of the advancing volume from the NYSE.
Declining Volume (DVOL): It fetches the closing value of the declining volume.
Ratio Calculation:
The script calculates the ratio of advancing to declining volume. To avoid division by zero, it checks if the declining volume is not zero before performing the division.
Color Coding:
The script assigns a color to the ratio value based on set thresholds:
Red for a ratio less than 1 (more declining than advancing volume).
White for ratios between 1 and 2.
Lime for ratios between 2 and 3.
Green for ratios above 3.
Display Table:
A table is created in the top-right corner of the chart to display the current ratio value.
It updates this table with the latest ratio value at each new bar, displaying the ratio with appropriate color coding for quick reference.
This script provides a visual and numerical representation of market sentiment based on volume data, aiding traders in assessing the balance between buying and selling pressure.
Market Trades PinescriptlabsThis algorithm is designed to emulate the true order book of exchanges by showing the quantity of transactions of an asset in real-time, while identifying patterns of high activity and volatility in the market through the analysis of volume and price movements. 📈 Below, I explain how to understand and use the information provided by the chart, along with the trades table:
Identification of High Activity Zones 🚀
The algorithm calculates the average volume and the rate of price change to detect areas with spikes in activity. This is visualized on the chart with labels "Volatility Spike Buy" and "Volatility Spike Sell":
Volatility Spike Buy: Indicates an unusual increase in volatility in the buying market, suggesting a potential surge in buying interest. 🟢
Volatility Spike Sell: Signals an increase in volatility in the selling market, which may indicate selling pressure or a sudden massive sell-off. 🔴
Market Trades Table 📋
The table provides a detailed view of the latest trades:
Price: Displays the price at which each trade was executed. 💵
Quantity (Traded): Indicates the amount of the asset traded. 💰
Type of Trade (Buy/Sell): Differentiates between buy (Buy) and sell (Sell) operations based on volume and strength. 🔄
Date and Time: Refers to the start of the calculated trading candle. ⏰
Recency: Identifies the most recent trade to facilitate tracking of current activity. 🔍
Analysis of Trade Imbalance ⚖️
The imbalance between buys and sells is calculated based on the volume of both. This indicator helps to understand whether the market has a tendency toward buying or selling, showing if there is greater strength on one side of the market.
A positive imbalance suggests more buying pressure. 📊
A negative imbalance indicates greater selling pressure. 📉
Volume Presentation
Visualizes the volume of buying and selling in the market, allowing the identification of buying or selling strength through the size of the volume candle. 🔍
Español :
"Este algoritmo está diseñado para emular el verdadero libro de órdenes de los intercambios al mostrar la cantidad de transacciones de un activo en tiempo real, mientras identifica patrones de alta actividad y volatilidad en el mercado a través del análisis de volumen y movimientos de precios. 📈 A continuación, explico cómo entender y usar la información proporcionada por el gráfico, junto con la tabla de operaciones:"
Identificación de Zonas de Alta Actividad 🚀
El algoritmo calcula el volumen promedio y la velocidad de cambio de precio para detectar zonas con picos de actividad. Esto se visualiza en el gráfico con etiquetas de "Volatility Spike Buy" y "Volatility Spike Sell":
Volatility Spike Buy: Indica un incremento inusual de volatilidad en el mercado de compra, sugiriendo un posible interés de compra elevado. 🟢
Volatility Spike Sell: Señala un incremento de volatilidad en el mercado de venta, lo cual puede indicar presión de venta o una venta masiva repentina. 🔴
Tabla de Operaciones en el Mercado (Market Trades) 📋
La tabla proporciona una vista detallada de las últimas operaciones:
Precio: Muestra el precio al cual se realizó cada operación. 💵
Cantidad (Transaccionada): Indica la cantidad del activo transaccionada. 💰
Tipo de operación (Buy/Sell): Diferencia entre operaciones de compra (Buy) y de venta (Sell), dependiendo del volumen y fuerza. 🔄
Fecha y Hora: Refleja el inicio de la vela de negociación calculada. ⏰
Recency: Identifica la operación más reciente para facilitar el seguimiento de la actividad actual. 🔍
Análisis de Desequilibrio de Operaciones (Imbalance) ⚖️
El desequilibrio entre compras y ventas se calcula con base en el volumen de ambas. Este indicador ayuda a entender si el mercado tiene una tendencia hacia la compra o venta, mostrando si hay una mayor fuerza en uno de los lados del mercado.
Un desequilibrio positivo sugiere más presión de compra. 📊
Un desequilibrio negativo indica mayor presión de venta. 📉
Presentación en Volumen
Visualiza el volumen de compra y venta en el mercado, permitiendo identificar mediante el tamaño de la vela de volumen la fuerza, ya sea compradora o vendedora. 🔍
MSTR-BTC PremiumThis custom indicator, “MSTR-BTC Premium with High, Average, and Low Levels,” helps you analyze the premium of MicroStrategy Incorporated’s (MSTR) stock price in relation to its Bitcoin holdings. By comparing the market capitalization of MSTR to the value of its Bitcoin holdings (using BTCUSD from Coinbase), this indicator calculates a premium that reflects how much the stock price deviates from its Bitcoin-related value.
Key Features:
• Premium Line: The primary feature is the “Premium,” which shows the ratio of MSTR’s market cap relative to its Bitcoin holdings and the BTCUSD price.
• High, Average, and Low Levels: The indicator calculates the highest, lowest, and average premium values over a user-defined period (default is 14 bars). These levels help identify overbought and oversold conditions relative to the stock’s Bitcoin valuation.
• Visual Shading: The area between the premium line and the average is shaded, making it easier to see when the premium is above or below its typical level. Optional shading is also available between the high and low levels to visualize the price range.
How to Use:
• Overbought/Undervalued Conditions: When the premium line rises significantly above the average, it may indicate that MSTR stock is overbought compared to its Bitcoin holdings. Conversely, when the premium falls below the average or approaches the low line, it might signal an undervalued opportunity.
• Trend and Mean Reversion: The high and low lines provide insight into extreme levels. Monitoring these alongside the average can assist in identifying potential mean reversion trades.
Customization:
• Calculation Period: The period for calculating the high, low, and average values can be adjusted to suit your trading strategy (default is 14).
• Shading Options: By default, the area between the premium and its average is shaded. You can enable or disable the shading between the high and low as needed.
This indicator is particularly useful for traders and investors following MicroStrategy (MSTR) and its Bitcoin strategy, providing a deeper understanding of the stock’s relationship to its underlying Bitcoin assets. It can assist in identifying key levels for decision-making based on deviations from historical norms.
How to Add the Indicator:
1. Adjust the calculation period (default is 14) to customize the analysis according to your preferred timeframe.
2. Watch for significant deviations of the premium line from its average to identify potential overbought/oversold conditions.
3. Use the high and low levels to help gauge extreme premium values and possible mean reversion opportunities.
Enjoy the analysis and make more informed decisions with the MSTR-BTC Premium Indicator!
This description should be clear and informative for anyone considering using your indicator. It highlights the functionality, purpose, and customization options in a straightforward way. Let me know if you’d like to tweak or adjust any part of it!
Fibonacci & Bollinger Bands StrategyThis strategy combines Bollinger Bands and Fibonacci retracement/extension levels to identify potential entry and exit points in the market. Here’s a breakdown of each component and how the strategy works:
1. Bollinger Bands:
Bollinger Bands consist of a simple moving average (SMA) and two standard deviations (upper and lower bands) plotted above and below the SMA. The bands expand and contract based on market volatility.
Purpose in Strategy:
The lower band represents an area where the market might be oversold.
The upper band represents an area where the market might be overbought.
The price crossing these bands suggests overextended market conditions, which can be used to identify potential reversals.
2. Fibonacci Retracement and Extension Levels:
Fibonacci retracement levels are horizontal lines that indicate where price might find support or resistance as it retraces some of its previous movement. Common retracement levels are 61.8% and 78.6%.
Fibonacci extension levels are used to project areas where the price might extend after completing a retracement. These levels can help determine potential targets after a significant price movement.
Purpose in Strategy:
The strategy calculates the most recent swing high (fibHigh) and swing low (fibLow) over a lookback period. It then plots Fibonacci retracement and extension levels based on this range.
The Fibonacci levels are used as key support and resistance areas. The price approaching or touching these levels signals potential turning points in the market.
3. Entry Criteria:
A long position (buy) is triggered when:
The price crosses below the lower Bollinger Band, indicating an oversold condition.
The price is near or above a Fibonacci extension level (calculated based on the most recent price swing).
This suggests that the price is potentially reaching a strong support area, where a reversal is likely.
4. Exit Criteria:
The long position is closed (exit trade) when either:
The price touches or crosses the upper Bollinger Band, signaling an overbought condition.
The price reaches a Fibonacci retracement level or exceeds the recent swing high (fibHigh), indicating a potential exhaustion point or a reversal area.
5. General Strategy Logic:
The strategy takes advantage of market volatility (captured by the Bollinger Bands) and key support/resistance levels (determined by Fibonacci retracement and extension levels).
By combining these two techniques, the strategy identifies potential entry points at oversold levels with the expectation that the market will retrace or reverse upward, especially when near key Fibonacci extension levels.
Exit points are identified by potential overbought levels (Bollinger upper band) or key Fibonacci retracement levels, where the price might reverse downward.
6. Conditions to Execute the Strategy:
The Fibonacci levels are only calculated once the price has made a significant movement, establishing a recent high and low over a 50-bar period (which you can adjust). This ensures the Fibonacci levels are based on meaningful swings.
The entry and exit signals are filtered using both Bollinger Bands and Fibonacci levels to ensure that trades are not taken solely based on one indicator, thus reducing false signals.
Key Features of the Strategy:
Trend-following with reversal: It tries to catch reversals when the price hits extreme levels (Bollinger Bands) while respecting important Fibonacci levels.
Dynamic market adaptation: The strategy adapts to market conditions as it recalculates Fibonacci levels based on recent price swings and adjusts the Bollinger Bands for market volatility.
Confirmation through multiple indicators: It uses both the volatility-based signals from Bollinger Bands and the price structure from Fibonacci levels to confirm trade entries and exits.
Summary of the Strategy:
The strategy looks to buy low and sell high based on oversold/overbought signals from Bollinger Bands and Fibonacci levels that indicate key support and resistance zones.
By combining these two technical indicators, the strategy aims to reduce risk and increase accuracy by only entering trades when both indicators suggest favorable conditions.
Gold Scalping Strategy with Precise EntriesThe Gold Scalping Strategy with Precise Entries is designed to take advantage of short-term price movements in the gold market (XAU/USD). This strategy uses a combination of technical indicators and chart patterns to identify precise buy and sell opportunities during times of consolidation and trend continuation.
Key Elements of the Strategy:
Exponential Moving Averages (EMAs):
50 EMA: Used as the shorter-term moving average to detect the recent price trend.
200 EMA: Used as the longer-term moving average to determine the overall market trend.
Trend Identification:
A bullish trend is identified when the 50 EMA is above the 200 EMA.
A bearish trend is identified when the 50 EMA is below the 200 EMA.
Average True Range (ATR):
ATR (14) is used to calculate the market's volatility and to set a dynamic stop loss based on recent price movements. Higher ATR values indicate higher volatility.
ATR helps define a suitable stop-loss distance from the entry point.
Relative Strength Index (RSI):
RSI (14) is used as a momentum oscillator to detect overbought or oversold conditions.
However, in this strategy, the RSI is primarily used as a consolidation filter to look for neutral zones (between 45 and 55), which may indicate a potential breakout or trend continuation after a consolidation phase.
Engulfing Patterns:
Bullish Engulfing: A bullish signal is generated when the current candle fully engulfs the previous bearish candle, indicating potential upward momentum.
Bearish Engulfing: A bearish signal is generated when the current candle fully engulfs the previous bullish candle, signaling potential downward momentum.
Precise Entry Conditions:
Long (Buy):
The 50 EMA is above the 200 EMA (bullish trend).
The RSI is between 45 and 55 (neutral/consolidation zone).
A bullish engulfing pattern occurs.
The price closes above the 50 EMA.
Short (Sell):
The 50 EMA is below the 200 EMA (bearish trend).
The RSI is between 45 and 55 (neutral/consolidation zone).
A bearish engulfing pattern occurs.
The price closes below the 50 EMA.
Take Profit and Stop Loss:
Take Profit: A fixed 20-pip target (where 1 pip = 0.10 movement in gold) is used for each trade.
Stop Loss: The stop-loss is dynamically set based on the ATR, ensuring that it adapts to current market volatility.
Visual Signals:
Buy and sell signals are visually plotted on the chart using green and red labels, indicating precise points of entry.
Advantages of This Strategy:
Trend Alignment: The strategy ensures that trades are taken in the direction of the overall trend, as indicated by the 50 and 200 EMAs.
Volatility Adaptation: The use of ATR allows the stop loss to adapt to the current market conditions, reducing the risk of premature exits in volatile markets.
Precise Entries: The combination of engulfing patterns and the neutral RSI zone provides a high-probability entry signal that captures momentum after consolidation.
Quick Scalping: With a fixed 20-pip profit target, the strategy is designed to capture small price movements quickly, which is ideal for scalping.
This strategy can be applied to lower timeframes (such as 1-minute, 5-minute, or 15-minute charts) for frequent trade opportunities in gold trading, making it suitable for day traders or scalpers. However, proper risk management should always be used due to the inherent volatility of gold.
Industry Group StrengthThe Industry Group Strength indicator is designed to help traders identify the best-performing stocks within specific industry groups. The movement of individual stocks is often closely tied to the overall performance of their industry. By focusing on industry groups, this indicator allows you to find the top-performing stocks within an industry.
Thanks to a recent Pine Script update, an indicator like this is now possible. Special thanks to @PineCoders for introducing the dynamic requests feature.
How this indicator works:
The indicator contains predefined lists of stocks for each industry group. To be included in these lists, stocks must meet the following basic filters:
Market capitalization over 2B
Price greater than $10
Primary listing status
Once the relevant stocks are filtered, the indicator automatically recognizes the industry group of the current stock displayed on the chart. It then retrieves and displays data for that entire industry group.
Data Points Available:
The user can choose between three different data points to rank and compare stocks:
YTD (Year-To-Date) Return: Measures how much a stock has gained or lost since the start of the year.
RS Rating: A relative strength rating for a user-selected lookback period (explained below).
% Return: The percentage return over a user-selected lookback period.
Stock Ranking:
Stocks are ranked based on their performance within their respective industry groups, allowing users to easily identify which stocks are leading or lagging behind others in the same sector.
Visualization:
The indicator presents stocks in a table format, with performance metrics displayed both as text labels and color-coded lines. The color gradient represents the percentile rank, making it visually clear which stocks are outperforming or underperforming within their industry group.
Relative Strength (RS):
Relative Strength (RS) measures a stock’s performance relative to a benchmark, typically the S&P 500 (the default setting). It is calculated by dividing the closing price of the stock by the closing price of the S&P 500.
If the stock rises while the S&P 500 falls, or if the stock rises more sharply than the S&P 500, the RS value increases. Conversely, if the stock falls while the S&P 500 rises, the RS value decreases. This indicator normalizes the RS value into a range from 1 to 99, allowing for easier comparison across different stocks, regardless of their raw performance. This normalized RS value helps traders quickly assess how a stock is performing relative to others.
[MAD] Fibonacci Bands with SmoothingHi, this is just an easy script, nothing special, it was a request from a community member and was finished in just 40 minutes :D
This indicator offers a approach to tracking market price movements by utilizing Fibonacci-based levels combined with customizable smoothing options for both the bands and the high/low values.
Key Features:
Customizable Moving Averages: Choose from a variety of smoothing methods, including SMA, EMA, WMA, HMA, VWMA, and advanced Ehlers-based methods.
This allows for flexible adaptation to different assets.
Multiple Fibonacci Band Multipliers: The user can define six different multipliers for both the upper and lower Fibonacci bands, allowing for granular customization of the indicator. The middle line serves as the central reference, and the multipliers extend the bands outward based on price range dynamics.
High/Low Smoothing: In addition to smoothing the Fibonacci bands, users can apply smoothing to the high and low prices that form the basis for calculating the Fibonacci bands. This ensures that the indicator responds smoothly to market movements, reducing noise while capturing key trends.
Forward Shift Option: Allows for projecting the bands into the future by shifting the calculated levels forward by a user-specified number of periods. This feature is particularly useful for those interested in anticipating price actions and future trends.
Visual Enhancements: The indicator features filled regions between bands to clearly visualize the zones of price movement. The fills between the bands offer insight into potential support and resistance zones, based on price levels defined by the Fibonacci ratios.
How It Works:
The indicator uses the highest and lowest closing prices over a specified lookback period to establish a price range. Based on this range, it calculates the middle line (0.5 level) and applies user-defined Fibonacci multipliers to generate both upper and lower bands. Users have control over the smoothing method for both the high/low prices and the bands themselves, allowing for an adaptive experience that can be tailored to different timeframes or market conditions.
For visualization, areas between the upper and lower bands are filled with distinct colors, providing an intuitive view of the potential price zones where the market might react or consolidate.
These fills highlight the zones created by the Fibonacci bands, helping users identify critical market levels with ease.
have fun
p.s.: @frankchef hope that suits your needs & expectations ;-)
Market Volatility Key: CHOP, ATR, VIX & 10Y BondThis script builds upon existing market analysis tools by providing a comprehensive dashboard that combines the Choppiness Index (CHOP), Average True Range (ATR) with a user-selectable timeframe, VIX (Volatility Index), and the 10-year US Treasury bond price in a compact tile format. The color-coded key provides quick visual cues for market conditions—highlighting whether the market is trending or consolidating—allowing traders to make informed decisions quickly.
For example, when trading the Nasdaq (NQ), you might use this indicator to help manage your scalping trades. If you trade on a 10-minute chart but set the ATR timeframe to 1 minute, it helps identify whether there is enough price movement to justify entering a trade. If the ATR is less than 10, it suggests there's not enough range for scalping opportunities, and you may choose to stay out of the trade.
This expanded indicator integrates and enhances existing concepts to deliver a well-rounded view of volatility, trend strength, and market conditions all in one glance, making it an essential tool for both trend-following and scalping strategies.
NYSE VOLD RatioThe UVOL/DVOL Two-Sided Ratio Histogram is a custom indicator that visualizes the relationship between the up volume ( USI:UVOL ) and down volume ( USI:DVOL ) on any given chart timeframe. The indicator dynamically adjusts to the chart’s timeframe and displays the ratio of USI:UVOL to USI:DVOL in a histogram format, making it easy to spot when the up volume exceeds down volume (and vice versa).
The ratio is calculated as follows:
If USI:UVOL > USI:DVOL : The ratio is USI:UVOL / USI:DVOL , displayed as a positive bar.
If USI:DVOL > USI:UVOL : The ratio is USI:DVOL / USI:UVOL , displayed as a negative bar.
This approach allows traders to quickly gauge market sentiment by comparing buying volume to selling volume. The indicator is centered around a zero line, where:
Positive bars indicate that up volume is stronger than down volume.
Negative bars indicate that down volume is stronger than up volume.
Features:
Dynamic Timeframe: Automatically adjusts to the chart’s selected timeframe.
Two-Sided Histogram: Displays positive and negative bars based on the $UVOL/ USI:DVOL ratio.
Zero Reference Line: A clear horizontal line at 0 to help identify shifts in volume dominance.
Easy Volume Sentiment Analysis: Quickly spot trends in market buying vs. selling pressure.
Use Case:
This indicator is ideal for traders who want a quick, visual representation of market sentiment by comparing volume on the upside (buying pressure) versus downside (selling pressure). It can be used for identifying strong buying or selling pressure and potential reversal points.
---Advanced Harmonic Pattern Scanner v5Summary of the Script:
All Patterns Covered: The script includes all major harmonic patterns: Butterfly, Gartley, Crab, Bat, Cypher, and Three Drives. Both bullish and bearish versions are detected.
ZigZag Swings: The zigzag logic helps find swing points (X, A, B, C, D) which are essential for forming these patterns. You can adjust the zigzagDepth parameter to fine-tune how sensitive the pattern detection is to price swings.
Fibonacci Levels: Each pattern uses specific Fibonacci retracement or extension levels to identify potential patterns, and the script compares price movements to these ratios.
Visual Aid: It uses plotshape() to display detected patterns on the chart and optional line.new() functions to connect the swing points for a better visual representation of the patterns.
How to Customize:
Timeframe: You can run this script on different timeframes by changing the chart on TradingView (1 min, 1 hour, 1 day, etc.).
ZigZag Sensitivity: Adjust the zigzagDepth to refine how frequently swing points are detected. Larger numbers will reduce sensitivity and show fewer but more pronounced patterns.
Pattern Refinement: Modify Fibonacci levels to experiment with custom harmonic patterns or adjust thresholds for the existing ones.
This code is an advanced version and scans the market comprehensively for all major harmonic patterns. Let me know if you need further modifications or explanations!
Stronger Buy/Sell Signals This custom Pine Script indicator is designed to detect strong buy and sell signals based on price action trends and momentum, with an emphasis on using two simple moving averages (SMAs) for trend identification and RSI (Relative Strength Index) impulses for additional confirmation. The script is optimized to ensure that signals are not triggered too frequently, only highlighting strong trend-based opportunities. Additionally, the script is built as an overlay to keep the chart clean and prevent any visual shrinking caused by extra indicators.
Key Features
1. Moving Averages (SMAs):
- 11-period SMA (short-term trend): This moving average is used to track short-term price movement and serves as the primary trend filter.
- 50-period SMA (medium-term trend): This moving average is used to track the medium-term price trend, providing additional confirmation for trend direction.
The price must be above both SMAs for a buy signal or below both SMAs for a sell signal, ensuring that signals are only triggered in well-defined trends.
2. RSI Momentum Confirmation:
- Although the RSI is not displayed on the chart, it plays a critical role in filtering the signals.
- The RSI is calculated using the standard 14-period formula, and an additional condition requires that the RSI must show an upward or downward momentum (impulse) for buy or sell signals, respectively.
- The RSI impulse is measured by comparing the RSI value to its 5-period moving average:
- Upward impulse for a buy signal.
- Downward impulse for a sell signal.
3. Buy Signal:
- A strong buy signal is triggered when:
- The price is above both the 11-period and 50-period SMAs (confirming a bullish trend).
- The RSI is showing upward momentum, implying growing buying pressure.
- When both of these conditions are met, a green "Strong Buy" label will appear below the price bars, indicating a strong buying opportunity.
4. Sell Signal:
- A strong sell signal is triggered when:
- The price is below both the 11-period and 50-period SMAs (confirming a bearish trend).
- The RSI is showing downward momentum, implying growing selling pressure.
- When both of these conditions are met, a red "Strong Sell" label will appear above the price bars, indicating a strong selling opportunity.
5. No RSI Display:
- While the RSI is used for internal signal filtering, it is not displayed on the chart. This decision ensures that the chart remains uncluttered, with only the important buy/sell signals and moving averages visible.
6. Overlay-Only Indicator:
- This script is designed as an overlay indicator, meaning it plots directly on the price chart without adding additional panes. This helps the chart maintain its size and avoids shrinking the view.
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Use Case
This indicator is ideal for traders who want to:
- Focus on strong, trend-confirming signals while avoiding noise from weaker setups.
- Trade in alignment with the trend , as defined by both short-term (11-SMA) and medium-term (50-SMA) price action.
- Filter signals based on momentum without cluttering their charts with additional indicators.
Customization Options
- SMA Periods : You can adjust the periods for the 11-SMA and 50-SMA depending on your preferred timeframe and trading strategy.
- RSI Conditions : If you want to add or remove sensitivity from the buy and sell signals, you can modify the RSI impulse logic to adjust the thresholds for what qualifies as an upward or downward impulse.
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Conclusion
The "Stronger Buy/Sell Signals" Pine Script is a powerful trend-following tool that uses a combination of moving averages and RSI momentum to generate reliable trading signals. The indicator is designed to help traders stay in strong trends, while filtering out weaker signals that don't meet strict criteria. By not displaying the RSI directly and keeping the chart focused on key signals, this script maintains a clean and functional trading setup.
This indicator is best used by traders who prefer clear visual guidance for buying and selling opportunities, especially in trending markets.
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Feel free to adjust the parameters to suit your specific trading style! Let me know if you'd like any additional features or modifications.
Multiple ATR Lines with Current Price PercentageThis indicator plots multiple lines based on the Average True Range (ATR) on the chart, helping traders identify potential support and resistance levels. Specifically, it draws three lines above the price and three lines below the price at different multiples of the ATR. Additionally, it plots a dynamic line at the current price level, which shows how much percentage of the ATR the current price has traveled from a specific point.
How it works:
ATR-Based Lines: The indicator calculates three upper and three lower levels based on the ATR of the selected period. These levels represent 1x, 2x, and 3x ATR above and below the current price.
Current Price Line: A dotted line follows the current price, displaying the percentage of the ATR that the price has moved.
Labels: Each line is labeled with its respective ATR multiple (1x ATR, 2x ATR, 3x ATR), and the current price line shows the percentage of the ATR traveled.
Use Cases:
Identifying Market Volatility: Traders can use this indicator to see how far the price has moved relative to its average volatility.
Support and Resistance Levels: The ATR lines can be treated as potential support and resistance zones, providing insight into price targets or stop-loss placement.
Dynamic Tracking: The percentage of ATR traveled helps traders understand the market momentum relative to its historical volatility.
Settings:
ATR Length: The user can adjust the length of the ATR calculation period.
ATR Multiplier: A multiplier to adjust the distance of the lines relative to the ATR.
Advantages:
Clear visualization of market volatility through ATR-based levels.
Real-time tracking of the price’s movement relative to ATR, giving traders a better understanding of price action.
Customizable settings for different trading styles.
Fed Net LiquidityNet Liquidity = Federal Reserve Total Assets - Treasury General Account (TGA) - Reverse Repurchase Agreements (RRP) Balance
1. Federal Reserve Total Assets: This is the sum of everything the Fed owns, like government bonds and mortgage-backed securities. You can snag this data from the Fed’s weekly balance sheet report.
2. Treasury General Account (TGA): Think of this as the U.S. government’s checking account at the Fed. When the TGA balance goes up, it means the government is pulling liquidity out of the market, and vice versa.
3. Reverse Repurchase Agreements (RRP) Balance: This represents the liquidity the Fed absorbs from the market through reverse repo operations. When financial institutions park money in the Fed’s RRP account, there’s less cash available in the market.
Why Use Net Liquidity?
Net liquidity is seen as a key indicator of the actual amount of money available in the market. It helps gauge the overall liquidity conditions that can influence financial markets.
Where to Find the Data:
1. Federal Reserve Total Assets: You can find this in the Fed’s weekly balance sheet (the H.4.1 report). Here’s the link: Federal Reserve Statistical Release - H.4.1.
Steps to Calculate Net Liquidity Yourself:
1. Get the Fed’s Total Assets: Look up the latest H.4.1 report and jot down the total assets figure.
2. Find the TGA Balance: Head over to the U.S. Treasury’s Daily Treasury Statement to locate the “Treasury General Account” balance.
3. Get the RRP Balance: You can find this number in the H.4.1 report or on the New York Fed’s website under “Reverse Repurchase Agreements.”
4. Do the Math: Simply subtract the TGA and RRP balances from the Fed’s total assets—that gives you the net liquidity.
