Average Candle RangeThis indicator calculates and displays the average trading range of candles over a specified period, helping traders identify volatility patterns and potential trading opportunities.
Features:
- Customizable lookback period (1-500 bars)
- Clean visual display in a top-right table overlay
- High-precision calculation showing 10 decimal places
- Real-time updates with each new bar
How it Works:
The indicator calculates the range of each candle (High - Low) and then computes the Simple Moving Average (SMA) of these ranges over your specified lookback period. The result is displayed in an easy-to-read table overlay.
Use Cases:
- Volatility Analysis: Monitor market volatility trends
- Position Sizing: Help determine position sizes based on average price movements
- Trading Strategy Development: Use as a reference for setting stop losses and take profits
- Market Phase Identification: Help identify high vs low volatility market phases
Settings:
- Lookback Period: Default is 140 bars, adjustable from 1 to 500
Note:
The indicator displays values with 10 decimal places for high-precision analysis, particularly useful in markets with small price movements.
Candlestick analysis
Candle Ratio Alert**Candle Ratio Alert System for Multi-Pair, 5-Minute Charts**
This Pine Script indicator is designed for traders who want to monitor specific candle patterns across multiple assets on a 5-minute timeframe. The tool calculates the ratio of the candle's body size to its total wick size, allowing you to identify significant candles based on their structure. It is ideal for strategies that rely on candlestick analysis, such as breakout or reversal trading.
### Key Features:
1. **Customizable Threshold**: Set the body-to-wick ratio using an input slider, ensuring flexibility to match your strategy.
2. **Visual Alerts**: The script plots a purple marker above candles that meet the specified criteria, making it easy to spot qualifying patterns at a glance.
3. **Dynamic Alerts**: Integrated alert functionality notifies you via email or app when a candle satisfies the ratio condition. Alerts include the asset's ticker and timeframe for quick action.
4. **Multi-Pair Capability**: Compatible with assets like XAUUSD, BTCUSD, EURUSD, and GBPUSD, making it versatile for Forex and cryptocurrency trading.
### How It Works:
The script calculates the body size and total wick size of each candle. If the ratio exceeds the user-defined threshold, the script triggers a visual marker and sends an alert. The 5-minute timeframe ensures rapid identification of trading opportunities in volatile markets.
With its intuitive interface and powerful alert system, this tool streamlines your trading workflow, helping you stay focused on key market movements. Perfect for both beginners and experienced traders seeking precision and efficiency in their analysis.
EMA Crossover Strategy with Take Profit and Candle HighlightingStrategy Overview:
This strategy is based on the Exponential Moving Averages (EMA), specifically the EMA 20 and EMA 50. It takes advantage of EMA crossovers to identify potential trend reversals and uses multiple take-profit levels and a stop-loss for risk management.
Key Components:
EMA Crossover Signals:
Buy Signal (Uptrend): A buy signal is generated when the EMA 20 crosses above the EMA 50, signaling the start of a potential uptrend.
Sell Signal (Downtrend): A sell signal is generated when the EMA 20 crosses below the EMA 50, signaling the start of a potential downtrend.
Take Profit Levels:
Once a buy or sell signal is triggered, the strategy calculates multiple take-profit levels based on the range of the previous candle. The user can define multipliers for each take-profit level.
Take Profit 1 (TP1): 50% of the previous candle's range above or below the entry price.
Take Profit 2 (TP2): 100% of the previous candle's range above or below the entry price.
Take Profit 3 (TP3): 150% of the previous candle's range above or below the entry price.
Take Profit 4 (TP4): 200% of the previous candle's range above or below the entry price.
These levels are adjusted dynamically based on the previous candle's high and low, so they adapt to changing market conditions.
Stop Loss:
A stop-loss is set to manage risk. The default stop-loss is 3% from the entry price, but this can be adjusted in the settings. The stop-loss is triggered if the price moves against the position by this amount.
Trend Direction Highlighting:
The strategy highlights the bars (candles) with colors:
Green bars indicate an uptrend (when EMA 20 crosses above EMA 50).
Red bars indicate a downtrend (when EMA 20 crosses below EMA 50).
These visual cues help users easily identify the market direction.
Strategy Entries and Exits:
Entries: The strategy enters a long (buy) position when the EMA 20 crosses above the EMA 50 and a short (sell) position when the EMA 20 crosses below the EMA 50.
Exits: The strategy exits the positions at any of the defined take-profit levels or the stop-loss. Multiple exit levels provide opportunities to take profit progressively as the price moves in the favorable direction.
Entry and Exit Conditions in Detail:
Buy Entry Condition (Uptrend):
A buy position is opened when EMA 20 crosses above EMA 50, signaling the start of an uptrend.
The strategy calculates take-profit levels above the entry price based on the previous bar's range (high-low) and the multipliers for TP1, TP2, TP3, and TP4.
Sell Entry Condition (Downtrend):
A sell position is opened when EMA 20 crosses below EMA 50, signaling the start of a downtrend.
The strategy calculates take-profit levels below the entry price, similarly based on the previous bar's range.
Exit Conditions:
Take Profit: The strategy attempts to exit the position at one of the take-profit levels (TP1, TP2, TP3, or TP4). If the price reaches any of these levels, the position is closed.
Stop Loss: The strategy also has a stop-loss set at a default value (3% below the entry for long trades, and 3% above for short trades). The stop-loss helps to protect the position from significant losses.
Backtesting and Performance Metrics:
The strategy can be backtested using TradingView's Strategy Tester. The results will show how the strategy would have performed historically, including key metrics like:
Net Profit
Max Drawdown
Win Rate
Profit Factor
Average Trade Duration
These performance metrics can help users assess the strategy's effectiveness over historical periods and optimize the input parameters (e.g., multipliers, stop-loss level).
Customization:
The strategy allows for the adjustment of several key input values via the settings panel:
Take Profit Multipliers: Users can customize the multipliers for each take-profit level (TP1, TP2, TP3, TP4).
Stop Loss Percentage: The user can also adjust the stop-loss percentage to a custom value.
EMA Periods: The default periods for the EMA 50 and EMA 20 are fixed, but they can be adjusted for different market conditions.
Pros of the Strategy:
EMA Crossover Strategy: A classic and well-known strategy used by traders to identify the start of new trends.
Multiple Take Profit Levels: By taking profits progressively at different levels, the strategy locks in gains as the price moves in favor of the position.
Clear Trend Identification: The use of green and red bars makes it visually easier to follow the market's direction.
Risk Management: The stop-loss and take-profit features help to manage risk and optimize profit-taking.
Cons of the Strategy:
Lagging Indicators: The strategy relies on EMAs, which are lagging indicators. This means that the strategy might enter trades after the trend has already started, leading to missed opportunities or less-than-ideal entry prices.
No Confirmation Indicators: The strategy purely depends on the crossover of two EMAs and does not use other confirming indicators (e.g., RSI, MACD), which might lead to false signals in volatile markets.
How to Use in Real-Time Trading:
Use for Backtesting: Initially, use this strategy in backtest mode to understand how it would have performed historically with your preferred settings.
Paper Trading: Once comfortable, you can use paper trading to test the strategy in real-time market conditions without risking real money.
Live Trading: After testing and optimizing the strategy, you can consider using it for live trading with proper risk management in place (e.g., starting with a small position size and adjusting parameters as needed).
Summary:
This strategy is designed to identify trend reversals using EMA crossovers, with customizable take-profit levels and a stop-loss to manage risk. It's well-suited for traders looking for a systematic way to enter and exit trades based on clear market signals, while also providing flexibility to adjust for different risk profiles and trading styles.
SufinBDThis TradingView script combines RSI, Stochastic RSI, MACD, and Bollinger Bands to generate Buy and Sell signals on two different timeframes: 4-hour (4H) and Daily (1D). The strategy aims to provide entry and exit points based on a multi-indicator confirmation approach, helping traders make more informed decisions.
Features:
RSI (Relative Strength Index):
Measures the speed and change of price movements.
The script looks for oversold conditions (RSI below 30) for buy signals and overbought conditions (RSI above 70) for sell signals.
Stochastic RSI:
Measures the level of RSI relative to its high-low range over a given period.
A Stochastic RSI below 0.2 indicates oversold conditions, and a value above 0.8 indicates overbought conditions.
It helps identify overbought and oversold conditions in a more precise manner than regular RSI.
MACD (Moving Average Convergence Divergence):
A trend-following momentum indicator that shows the relationship between two moving averages of a security's price.
The MACD line crossing above the Signal line generates bullish signals, and vice versa for bearish signals.
Bollinger Bands:
A volatility indicator that consists of a middle band (SMA of price), an upper band, and a lower band.
When the price is below the lower band, it signals potential buy opportunities, while prices above the upper band signal potential sell opportunities.
Timeframe Usage:
The script calculates indicators for both the 4-hour (4H) and Daily (1D) timeframes.
The combined signals from these two timeframes are used to generate Buy and Sell alerts.
Buy Signal:
A Buy signal is generated when all of the following conditions are met:
RSI on both 4H and 1D is below 30 (oversold conditions).
Stochastic RSI on both timeframes is below 0.2.
The MACD line is above the Signal line on both timeframes.
The price is below the lower Bollinger Band on both the 4H and 1D charts.
Sell Signal:
A Sell signal is generated when all of the following conditions are met:
RSI on both 4H and 1D is above 70 (overbought conditions).
Stochastic RSI on both timeframes is above 0.8.
The MACD line is below the Signal line on both timeframes.
The price is above the upper Bollinger Band on both the 4H and 1D charts.
Visuals:
Buy signals are marked with green labels below the bars.
Sell signals are marked with red labels above the bars.
Bollinger Bands are displayed on the chart with the upper and lower bands marked in blue (for 4H) and orange (for 1D).
Purpose:
This script aims to provide more reliable buy/sell signals by combining indicators across multiple timeframes. It is ideal for traders who want to use multiple confirmation points before entering or exiting a trade.
How to Use:
Apply the script to any chart on TradingView.
Look for Buy and Sell signals that meet the conditions above.
You can adjust the timeframe (e.g., 4H or 1D) based on your trading strategy.
This script can be used for intraday trading, swing trading, or position trading depending on your preferred timeframes.
Example of Signal Interpretation:
Buy Signal:
If all conditions are met (e.g., RSI is under 30, Stochastic RSI is under 0.2, MACD is bullish, and price is below the lower Bollinger Band on both the 4-hour and daily charts), the script will show a green "BUY" label below the price bar.
Sell Signal:
If all conditions are met (e.g., RSI is over 70, Stochastic RSI is over 0.8, MACD is bearish, and price is above the upper Bollinger Band on both timeframes), the script will show a red "SELL" label above the price bar.
This combination of indicators offers a multi-layered confirmation approach, which aims to reduce the risk of false signals and increase the reliability of your trading decisions.
Candle Body Size Of Total SizeThis script calculates the candle body size as a percentage of the total candle size (range from high to low) and plots it as a histogram. It also includes a reference line at 70% to identify candles where the body is significant relative to the total range.
ORB opening range breakoutThis indicator plots the opening range high and low for a selected period of time in minutes after the market opens on an intraday chart to allow the user to visualize the high and low of the opening range for use in the Opening Range Breakout (ORB) strategy.
The Opening Range Breakout (ORB) strategy is a trading approach that involves identifying the price range within the first few minutes of a market session and then waiting for the price to break out of that range. This indicator facilitates this strategy through the use of shaded regions and/or price levels.
Features
Able to plot the high and low for any opening range above 1 min on any intraday timeframe
Fully customizable ORB region, price level, price axis, label
The inclusion of the Bollinger band along with it's Moving Average serves multiple purposes to assist the user in the opening range breakout strategy
Highlights to the user the deviation from the Moving Average due to an opening range breakout so that the user is better informed on whether to avoid entering a position, exit a position, or monitor the situation more closely
Highlights area of support or resistance formed by the Moving Average of Bollinger Band
Inform the user of the current trend direction to serve as confluence during an opening range breakout
What sets this indicator apart from others
In other ORB indicators, the opening range must be a multiple of the current chart's timeframe, restricting users on the intraday timeframes that can be used. E.g. if the user is using the 15 minutes opening range, they are restricted to use the 1, 3, 5, 15 minute(s) chart.
This indicator gives the user the flexibility to set any opening range above 1 min on any intraday timeframe. E.g. if the user is using the 15 minutes opening range, they are free to use any intraday timeframe on their chart, such as 1 hour or 2 hours chart.
How to use
Input the opening time range of interest in minutes
Check the "ORB region" checkbox to shade the ORB region
Check the "PRICE LEVEL" checkbox to draw a horizontal line of the high and low
Check the "PRICE AXIS" checkbox to plot the values on the price axis
Check the "LABEL" checkbox to draw a label of the high and low
PreannFXExplanation of the PreannFX indicator:
Candle Body Size:
The body of the current candle is larger than the previous candle.
Bullish Engulfing:
The current candle closes higher than the previous candle's high.
The body size is larger than the previous candle.
Bearish Engulfing:
The current candle closes lower than the previous candle's low.
The body size is larger than the previous candle.
Entry and Exit:
Bullish: Enter at the previous candle's open or high, stop loss at the previous low, and take profit is 1:1 with the stop loss.
Bearish: Enter at the previous candle's open or low, stop loss at the previous high, and take profit is 1:1 with the stop loss.
Visualization:
Green upward arrows for bullish engulfing patterns.
Red downward arrows for bearish engulfing patterns.
Supply and Demand Dashboard [tambangEA]The Supply and Demand Dashboard is an advanced Pine Script indicator that revolutionizes Supply and Demand analysis. Designed for traders, it enables multi-pair and multi-timeframe detection of supply and demand structures, offering a comprehensive and efficient trading experience.
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Some Candles represent Accumulation/Distribution of Orders while others do not
-Boring Candles (Candle with Body Range <=50% of Candle Range):
They imply that transactions are happening in a range thus Demand and Supply is in balance and orders are potentially being accumulated/distributed by the Big Boys
-Exciting Candles (Candle with Body Range > 50% of Candle Range) :
They imply imbalance between Demand and Supply thus price starts moving either up or down.
Zones is made up of 3 (three) components : Leg In, Base and Leg Out
-Leg In (Exciting Candles to the Left of Basing)
-Base will always be Boring Candles.
-Leg Out (Exciting Candles to the Right of Basing) will always be Exciting Candles.
There are 4 (four) types of Zones , namely:
1.Rally-Base-Rally (RBR) : This structure represents a bullish continuation zone. It occurs when the price rallies (increases), forms a base (consolidates), and then rallies again. The base represents a period where buying interest builds up before the continuation of the upward movement. This zone can act as support, where buyers may step back in if the price revisits the area.
2.Drop-Base-Rally (DBR) : This structure marks a bullish reversal zone. It forms when the price drops, creates a base, and then rallies. The base indicates a potential exhaustion of selling pressure and a build-up of buying interest. When price revisits this zone, it may act as support, signaling a buying opportunity.
3.Rally-Base-Drop (RBD) : This structure signifies a bearish reversal zone. Here, the price rallies, consolidates into a base, and then drops. The base indicates a temporary balance before sellers overpower buyers. If price returns to this zone, it may act as resistance, with selling interest potentially re-emerging.
4.Drop-Base-Drop (DBD) : This structure is a bearish continuation zone. It occurs when the price drops, forms a base, and then continues dropping. This base reflects a pause before further downward movement. The zone may act as resistance, with sellers possibly stepping back in if the price revisits the area.
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a R (Rally) or a D (Drop) is always 1 (one) bar, but the B (Base) can be 1 (one) to maximum 6 (six) bars
Technical Advantages
The advantages of this script from open source are "Dashboard" and "Shadow"
1. Dashboard can show zones formed in different Pairs and Time Frames at a glance
2. Shadow can show zones formed in previous period candles
The patterns are detected not by code found in the public repository but by code built from scratch, focussed on better performance, faster loading, and few to no runtime errors compared to other open-source scripts.
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Key Features
1. Multi-Pair & Multi-Timeframe Detection:
Seamlessly scan and analyze supply and demand zones across multiple trading pairs and timeframes from one centralized dashboard.
Ideal for traders who monitor a diverse range of instruments.
2. Dynamic Zone Mapping:
Draws supply and demand zones directly on the chart, tailored to the active chart timeframe.
Configure the number of past patterns (last X patterns) to be displayed for better visual clarity.
3. Dashboard Insights:
Lists the last zone touched for each pair and timeframe, offering traders real-time updates on key market zones.
Includes a 'shadow' dashboard feature that highlights zones where price passed beyond the level (1 bar ago), helping identify potential breakout or continuation setups.
4. Customizable Zone Visuals:
Easily distinguish between supply and demand zones using customizable colors and settings.
Zones update dynamically as new patterns form or old zones are invalidated.
5. Enhanced Trading Decision-Making:
Combines a visual map of the market's structure with an intuitive dashboard for rapid analysis and decision-making.
Helps traders identify key reversal points, continuation patterns, and zone strength effectively.
6. Optimized Performance:
Built with efficiency in mind to handle multiple pairs and timeframes without causing lag or performance issues.
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Usage in Real Trading
There are 2 (two) ways to use the Supply and Demand Dashboard in Real Trading :
1. Prices will potentially touch the Demand Zone first and then continue their Bullish trend.
2. If multiple timeframes show the same zone, then a trend is likely to occur (image above)
example:
MultiTime Frame shows DBD then it is possible that the Trend will go down
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Look at the image below :
• Top Left: M15 (15-Min Chart) – Dashboard Overview.
• Bottom Left: M30 (30-Min Chart) – DBD formed.
• Top Right: H4 (4-Hour Chart) – DBD confirmed.
• Bottom Right: D1 (Daily Chart) – "Shadow" shows RBR from the previous candle.
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Use Cases
Swing Trading: Spot long-term supply and demand zones across higher timeframes for strategic trade entries.
Day Trading: Use the shadow dashboard to focus on recently breached zones for potential short-term trades.
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This indicator with its multi-pair and multi-timeframe capabilities, the Supply and Demand Dashboard is a tool that makes it easier for us to see the zone at a glance.
Single Candle Entry with Multi-Timeframe [Wang Indicators]
Single candle entry
Overview : The "Single Candle Entry Model" indicator is designed to help traders through a simple yet effective trading strategy. This indicator automatically detects candles that encompass both the high and low of the previous candle, creating key price zones for potential market entries.
- This indicator was developed with the help of @DaveTeaches -
How does it works ?
Detects when a candle trade above the high and below the low of the previous candle
When it occur, the indicator write "SCE" on the candle
The text will be in different color if its bearish or bullish (customizable by user)
Higher Timeframes
Users can enable up to 3 HTF SCE detection to enhance multi timeframe analysis.
Users can select which timeframe he want to use
Boxes will be displayed around High time frame SCE to highlight the HTF candle.
As regular SCE, the indicator will write "SCE" above or under the box
How does it helps users ?
Once the SCE is created, it can be used as a zone.
Levels (30, 50 and 70%) are displayed
Users can customize their apparence as they see fit
The 30 - 50 - 70 levels are support/resistance that the price tend to bounce of off
You might find some success looking for an entry inside the zone at a level if price gives further confirmations such as a lower time frame flip or using other indicators
Alert can be setup on any timeframe
Wick sizeShow the average wick size of the last 10 bar for analysis purposes.
Makes it easier to recognise possible turning points.
MW:TA Days of the WeekENG: Vertical separators to easily detect days of the week and see which past liquidity was taken down. Screenshot example contains days of the week indicator and manually drawn lines of grabbed liquidity. Useful for trades based on liquidity grab and reaction.
Tested on Forex, Crypto, Indexes, Stocks, Commodities markets.
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РУС: Вертикальные разделители для визуального определения дней недели и просмотра снятой ликвидности на графике. На скриншоте отмечен индикатор разделительных периодов (дней) и вручную нарисованные линии, которые отмечают снятую ликвидность и реакцию цены на снятие. Полезно для тех трейдеров, которые торгуют по реакции на снятую ликвидность.
Протестировано на рынках Форекс, Крипто, ИНдексов, Акций и Сырья.
Trident FinderIntroduction to the Trident Finder
The Trident Finder is a Pine Script indicator that identifies unique bullish and bearish patterns called Tridents. These patterns are based on specific relationships between consecutive candles, combined with a simple moving average (SMA) filter for added precision. By spotting these patterns, traders can potentially identify high-probability reversal points or trend continuations.
Core Logic
The indicator identifies two patterns:
Bullish Trident
A bullish Trident forms when:
Candle (two candles back) has its High-Low range entirely above Candle (the preceding candle).
Candle (the current candle) has its Open-High-Low-Close (OHLC) above the Low of Candle .
Candle closes higher than it opens and higher than Candle ’s close.
Candle closes below the SMA, indicating a potential upward breakout against the trend.
Bearish Trident
A bearish Trident forms when:
Candle has its High-Low range entirely below Candle .
Candle has its OHLC below the High of Candle .
Candle closes lower than it opens and lower than Candle ’s close.
Candle closes above the SMA, indicating a potential downward breakout against the trend.
Visual Representation
Bullish Tridents are marked with green "Up" labels below the candle.
Bearish Tridents are marked with red "Down" labels above the candle.
The SMA is plotted as a maroon line to serve as a filter for the Trident patterns.
Large Body Candle IndicatorFunctionality
Comparison: The indicator compares the body size of the current candle to the maximum body size of the previous 5 candles.
Bullish Candles: When a bullish candle (close > open) has a larger body than the previous 5 candles:
A green triangle is plotted below the candle
The candle is colored green
Bearish Candles: When a bearish candle (close < open) has a larger body than the previous 5
candles:
A red triangle is plotted above the candle
The candle is colored red
Key Components
Lookback Period: Default set to 5 candles, but can be adjusted by the user.
Body Size Calculation: Calculated as the absolute difference between the open and close prices.
Maximum Previous Body Size: Determined by comparing the body sizes of the previous 5 candles.
Candle Classification: Candles are classified as bullish or bearish based on the relationship between open and close prices.
Visual Indicators:
Shape plotting for triangles
Bar coloring for highlighted candles
User Customization
Users can adjust the lookback period through the indicator settings, allowing for flexibility in identifying significant candles based on recent price action.
Use Cases
Identifying potential breakout candles
Spotting significant price movements
Enhancing visual analysis of price action
Supporting decision-making in trading strategies
Limitations
The indicator does not predict future price movements
It's based solely on recent price action and doesn't consider other technical or fundamental factors
Conclusion
The Large Body Candle Indicator provides a simple yet effective way to visually identify candles that show significant price movement relative to recent price action. It can be a valuable tool when used in conjunction with other technical analysis methods.
Multi Indicator SummaryPurpose: It calculates and displays bullish and bearish order blocks, key levels derived from recent price movements, which traders use to identify potential support and resistance areas.
Inputs: Users can customize the order block length, defining the range of price data used for calculations.
Logic: The script uses ta.lowest and ta.highest functions to compute order blocks based on specified periods for bullish and bearish trends.
Additional Levels: It identifies extra order blocks (bullish_below and bearish_above) to provide more context for deeper support or higher resistance.
Price Table: A visual table is created on the chart, showing the current price, bullish and bearish order blocks, and additional bearish levels above the current price.
Alerts: Alerts are triggered when the price crosses key order block levels, helping traders react to significant price movements.
Flexibility: The table dynamically updates based on the chart’s ticker and timeframe, ensuring it always reflects the latest data.
Bearish Above Price: Highlights the most recent bearish order block above the current price to inform traders about potential resistance areas.
Visualization: The clear table format aids quick decision-making by summarizing key levels in an accessible way.
Usability: This script is especially useful for intraday and swing traders seeking to integrate order block analysis into their strategies.
Fibonacci RepulseFibonacci Repulse with Trend Table 📉📈
Description: The "Fibonacci Repulse" indicator for TradingView combines Fibonacci retracement levels with dynamic support/resistance detection, providing real-time price action insights. 🔄 This powerful tool plots critical Fibonacci retracement levels (23.6%, 38.2%, and 50%) based on the highest and lowest swing points over a user-defined lookback period. The indicator automatically detects bullish retests, alerting you when the price touches and closes above any of the Fibonacci levels, indicating potential upward momentum. 🚀
Key Features:
Fibonacci Retracement Levels 📊: Plots key levels (23.6%, 38.2%, 50%) dynamically based on the highest and lowest price swings over a customizable lookback period.
Bullish Retests Alerts ⚡: Identifies and marks bullish retests when the price touches the Fibonacci levels and closes above them, signaling potential upward movement.
Real-Time Trend Detection 🔍: Displays the current market trend as "Bullish," "Bearish," or "Sideways" in a clear, easy-to-read table in the bottom right corner of the chart. This is determined based on the price's position relative to the Fibonacci levels.
Customizable Settings ⚙️: Adjust the lookback period and label offsets for optimal visual customization.
How It Works:
The indicator calculates the Fibonacci retracement levels between the highest high and the lowest low within a user-defined period. 🧮
It draws extended lines at the 23.6%, 38.2%, and 50% retracement levels, updating them as the chart moves. 📉
When the price touches a Fibonacci level and closes above it, a "Bullish Retest" label appears, signaling a potential buy opportunity. 💡
A real-time trend status table updates automatically in the chart's bottom-right corner, helping traders quickly assess the market's trend direction: Bullish, Bearish, or Sideways. 🔄
Why Use It: This indicator is perfect for traders looking for a clear and visual way to incorporate Fibonacci levels into their trading strategies, with real-time feedback on trend direction and price action signals. Whether you are a novice or an experienced trader, "Fibonacci Repulse" provides a powerful tool for identifying potential reversal points and confirming trends, enhancing your trading strategy. 📈💪
Logarithmic IndicatorThis logarithmic indicator does the following:
It calculates the logarithm of the chosen price (default is close price) using a user-defined base (default is 10).
It then calculates a Simple Moving Average (SMA) of the logarithmic values.
Both the logarithmic value and its SMA are plotted on the chart.
To improve visibility, it also plots an upper and lower band based on the highest and lowest values over the last 100 periods.
To use this indicator:
Open the TradingView Pine Editor.
Paste the code into the editor.
Click "Add to Chart" or "Save" to apply the indicator to your chart.
Adjust the input parameters in the indicator settings as needed.
You can customize this indicator further by:
Changing the color scheme
Adding more moving averages or other technical indicators
Implementing alerts based on crossovers or other conditions
Remember, logarithmic scales are often used in finance to visualize data that spans several orders of magnitude, making it easier to see percentage changes over time.
DCA Strategy with HedgingThis strategy implements a dynamic hedging system with Dollar-Cost Averaging (DCA) based on the 34 EMA. It can hold simultaneous long and short positions, making it suitable for ranging and trending markets.
Key Features:
Uses 34 EMA as baseline indicator
Implements hedging with simultaneous long/short positions
Dynamic DCA for position management
Automatic take-profit adjustments
Entry confirmation using 3-candle rule
How it Works
Long Entries:
Opens when price closes above 34 EMA for 3 candles
Adds positions every 0.1% price drop
Takes profit at 0.05% above average entry
Short Entries:
Opens when price closes below 34 EMA for 3 candles
Adds positions every 0.1% price rise
Takes profit at 0.05% below average entry
Settings
EMA Length: Controls the EMA period (default: 34)
DCA Interval: Price movement needed for additional entries (default: 0.1%)
Take Profit: Profit target from average entry (default: 0.05%)
Initial Position: Starting position size (default: 1.0)
Indicators
L: Long Entry
DL: Long DCA
S: Short Entry
DS: Short DCA
LTP: Long Take Profit
STP: Short Take Profit
Alerts
Compatible with all standard TradingView alerts:
Position Opens (Long/Short)
DCA Entries
Take Profit Hits
Note: This strategy works best on lower timeframes with high liquidity pairs. Adjust parameters based on asset volatility.
CRT TBSThe CRT Candle Marker is a custom indicator designed to identify and highlight specific candlestick patterns on a chart. This indicator focuses on detecting candles where the body of the candlestick is larger than the combined size of its wicks (upper and lower). Such candles often indicate strong momentum in the market, making them valuable for traders who rely on price action analysis.
Features
Automatic Detection: The indicator automatically scans all candlesticks on the chart to identify CRT candles.
Visual Marking: Once a CRT candle is detected, it places a label with the text "CRT" above the candlestick for easy identification.
Customizable Design: The label is styled with a blue background and white text, ensuring it stands out clearly on the chart.
Use Case
The CRT Candle Marker is particularly useful for traders who:
Want to identify strong momentum candles that could signal potential trend continuation or reversal points.
Rely on price action strategies and need visual cues to spot significant patterns quickly.
Analyze candlestick behavior to confirm entry or exit points in their trading strategies.
How to Use
Copy the Pine Script code and paste it into the Pine Editor in TradingView.
Click Add to Chart to apply the indicator.
Look for candles marked with the "CRT" label to identify strong momentum candles.
Example Scenario
Imagine you're analyzing a chart and looking for strong bullish momentum. With the CRT Candle Marker, you can easily spot candles where the buyers dominated the session, as indicated by a large body relative to the wicks. Similarly, bearish CRT candles could indicate strong selling pressure.
Conclusion
The CRT Candle Marker is a simple yet powerful tool for traders who want to enhance their candlestick analysis. By highlighting significant momentum candles, this indicator helps traders make more informed decisions and improve their overall trading performance.
Arrow-SimplyTrade vol1.5-FinalTitle: Arrow-SimplyTrade vol1.5-Final
Description:
This advanced trading indicator is designed to assist traders in analyzing market trends and identifying optimal entry signals. It combines several popular technical analysis tools and strategies, including EMA (Exponential Moving Average), MA (Simple Moving Averages), Bollinger Bands, and candlestick patterns. This indicator provides both trend-following and counter-trend signals, making it suitable for various trading styles, such as scalping and swing trading.
Main Features:
EMA (Exponential Moving Average):
EMA200 is the main trend line that helps determine the overall market direction. When the price is above EMA200, the trend is considered bullish, and when the price is below EMA200, the trend is considered bearish.
It helps filter out signals that go against the prevailing market trend.
Simple Moving Averages (MA5 and MA15):
This indicator uses two Simple Moving Averages: MA5 (Fast) and MA15 (Slow). Their crossovers create buy or sell signals:
Buy Signal: When MA5 crosses above MA15, signaling a potential upward trend.
Sell Signal: When MA5 crosses below MA15, signaling a potential downward trend.
Bollinger Bands:
Bollinger Bands measure market volatility and can identify periods of overbought or oversold conditions. The Upper and Lower Bands help detect potential breakout points, while the Middle Line (Basis) serves as dynamic support or resistance.
This tool is particularly useful for identifying volatile conditions and potential reversals.
Arrows:
The indicator plots arrows on the chart to signal entry opportunities:
Green Arrows signal buy opportunities (when MA5 crosses above MA15 and price is above EMA200).
Red Arrows signal sell opportunities (when MA5 crosses below MA15 and price is below EMA200).
Opposite Arrows: Optionally, the indicator can also display arrows for counter-trend signals, triggered by MA5 and MA15 crossovers, regardless of the price's position relative to EMA200.
Candlestick Patterns:
The indicator detects popular candlestick patterns such as Bullish Engulfing, Bearish Engulfing, Hammer, and Doji.
These patterns are important for confirming entry points or anticipating trend reversals.
How to Use:
EMA200: The main trend line. If the price is above EMA200, consider long positions. If the price is below EMA200, consider short positions.
MA5 and MA15: Short-term trend indicators. The crossover of these averages generates buy or sell signals.
Bollinger Bands: Use these bands to spot overbought/oversold conditions. Breakouts from the bands may signal potential entry points.
Arrows: Green arrows represent buy signals, and red arrows represent sell signals. Opposite direction arrows can be used for counter-trend strategies.
Candlestick Patterns: Patterns like Bullish Engulfing or Doji can help confirm the signals.
Customizable Settings:
Fully customizable colors, line styles, and display settings for EMA, MAs, Bollinger Bands, and arrows.
The Candlestick Patterns feature can be toggled on or off based on user preference.
Important Notes:
This indicator is intended to be used in conjunction with other analysis tools.
Past performance does not guarantee future results.
Polish:
Tytuł: Arrow-SimplyTrade vol1.5-Final
Opis:
Ten zaawansowany wskaźnik handlowy jest zaprojektowany, aby pomóc traderom w analizie trendów rynkowych oraz identyfikowaniu optymalnych sygnałów wejścia. Łączy w sobie kilka popularnych narzędzi analizy technicznej i strategii, w tym EMA (Wykładnicza Średnia Ruchoma), MA (Prosta Średnia Ruchoma), Bollinger Bands oraz formacje świecowe. Wskaźnik generuje zarówno sygnały podążające za trendem, jak i przeciwnym trendowi, co sprawia, że jest odpowiedni do różnych stylów handlu, takich jak scalping oraz swing trading.
Główne Funkcje:
EMA (Wykładnicza Średnia Ruchoma):
EMA200 to główna linia trendu, która pomaga określić ogólny kierunek rynku. Gdy cena znajduje się powyżej EMA200, trend jest uznawany za wzrostowy, a gdy poniżej EMA200, za spadkowy.
Pomaga to filtrować sygnały, które są niezgodne z głównym trendem rynkowym.
Proste Średnie Ruchome (MA5 i MA15):
Wskaźnik używa dwóch Prostych Średnich Ruchomych: MA5 (szybka) oraz MA15 (wolna). Ich przecięcia generują sygnały kupna lub sprzedaży:
Sygnał Kupna: Kiedy MA5 przecina MA15 od dołu, sygnalizując potencjalny wzrost.
Sygnał Sprzedaży: Kiedy MA5 przecina MA15 od góry, sygnalizując potencjalny spadek.
Bollinger Bands:
Bollinger Bands mierzą zmienność rynku i mogą pomóc w identyfikowaniu okresów wykupienia lub wyprzedania rynku. Górna i dolna linia pomagają wykrywać punkty wybicia, a Środkowa Linia (Basis) działa jako dynamiczny poziom wsparcia lub oporu.
Narzędzie to jest szczególnie przydatne w wykrywaniu warunków zmienności i potencjalnych odwróceń trendu.
Strzałki:
Wskaźnik wyświetla strzałki na wykresie, które wskazują sygnały kupna i sprzedaży:
Zielona strzałka wskazuje sygnał kupna (gdy MA5 przecina MA15 i cena jest powyżej EMA200).
Czerwona strzałka wskazuje sygnał sprzedaży (gdy MA5 przecina MA15 i cena jest poniżej EMA200).
Strzałki w przeciwnym kierunku: Opcjonalna funkcja, która pokazuje strzałki w przeciwnym kierunku, uruchamiane przez przecięcia MA5 i MA15, niezależnie od pozycji ceny względem EMA200.
Formacje Świecowe:
Wskaźnik wykrywa popularne formacje świecowe, takie jak Bullish Engulfing, Bearish Engulfing, Hammer oraz Doji.
Formacje te pomagają traderom potwierdzić punkty wejścia i przewidzieć możliwe odwrócenia trendu.
Jak Używać:
EMA200: Główna linia trendu. Jeśli cena jest powyżej EMA200, rozważaj pozycje długie. Jeśli cena jest poniżej EMA200, rozważaj pozycje krótkie.
MA5 i MA15: Śledzą krótkoterminowe zmiany trendu. Przecięcia tych średnich generują sygnały kupna lub sprzedaży.
Bollinger Bands: Używaj tych pasm do wykrywania wykupionych lub wyprzedanych warunków. Wybicia z pasm mogą wskazywać potencjalne punkty wejścia.
Strzałki: Zielona strzałka wskazuje sygnał kupna, a czerwona strzałka sygnał sprzedaży. Strzałki w przeciwnym kierunku mogą być używane do strategii przeciwtrendowych.
Formacje Świecowe: Formacje takie jak Bullish Engulfing czy Doji mogą pomóc w potwierdzaniu sygnałów.
Ustawienia Personalizacji:
W pełni personalizowalne kolory, style linii i ustawienia wyświetlania dla EMA, MAs, Bollinger Bands oraz strzałek.
Funkcja Formacji Świecowych może być włączana lub wyłączana według preferencji użytkownika.
Ważne Uwagi:
Ten wskaźnik powinien być używany w połączeniu z innymi narzędziami analizy rynku.
Wyniki z przeszłości nie gwarantują wyników w przyszłości.
Enigma Unlocked 2.0Description for "Enigma Unlocked 2.0" Pine Script Indicator
Overview
Enigma Unlocked 2.0 is an advanced and highly customizable indicator designed to deliver actionable buy and sell signals by leveraging precise candlestick logic during specific market transitions. This indicator is built for flexibility, helping traders identify high-probability trade setups during key trading periods, specifically the transitions between the Asian Kill Zone and London Kill Zone as well as the London Kill Zone and New York Kill Zone on the 30-minute timeframe.
By combining Enigma Unlocked 2.0 with the ICT Killzones & Pivots indicator, traders can gain a deeper understanding of the timing and location of these transitions. Waiting for signals during these defined kill zones increases the likelihood of finding high-probability trade setups.
How to Use
Follow the Kill Zone Transitions:
Use the ICT Killzones & Pivots indicator to clearly visualize the boundaries of the Asian, London, and New York kill zones.
Focus on the signals generated by Enigma Unlocked 2.0 that align with these kill zone transitions.
Plotting Entries and Targets with Gann Box:
For Buy Signals:
Use the Gann Box tool to mark the high and low of the signal candle.
Ensure your Gann Box settings include only the 50%, 0%, and 100% levels.
Your entry zone lies between the 50% and 100% levels (discount zone). This is where buy trades are expected to offer an optimal risk-reward ratio.
For Sell Signals:
Similarly, plot the Gann Box on the high and low of the signal candle.
The 50% to 100% zone acts as the premium area for sell trades.
Setting Stop Loss and Targets:
To identify a safe stop loss, split the 50% zone of the Gann Box using another Gann Box.
Draw the secondary Gann Box from 50% to 100% of the initial box, then extend it to double the height.
For sell trades, place the stop loss above the extended 100% level.
For buy trades, place the stop loss below the extended 100% level.
Aim for a minimum of 1:1 risk-to-reward to ensure optimal trade management.
How It Works
Buy Logic:
Buy Logic 1: Detects a bullish candle (close > open) that:
Closes above its midpoint (50% of the candle body).
Has a low lower than the previous candle's low.
Buy Logic 2: Identifies a bearish candle (close < open) that:
Closes above its midpoint (50% of the candle body).
Has a low lower than the previous candle's low.
Sell Logic:
Sell Logic 1: Detects a bearish candle (close < open) that:
Closes below its midpoint (50% of the candle body).
Has a high higher than the previous candle's high.
Sell Logic 2: Identifies a bullish candle (close > open) that:
Closes below its midpoint (50% of the candle body).
Has a high higher than the previous candle's high.
Real-Time Alerts and Visual Cues:
Green triangles below candles indicate buy opportunities.
Red triangles above candles indicate sell opportunities.
Built-in alert conditions notify you of signals in real-time, so you never miss a trading opportunity.
Why Use Enigma Unlocked 2.0?
Precision: Advanced candlestick logic ensures that signals are generated only under optimal conditions.
Session-Based Filtering: Signals occur exclusively during the most active market sessions (kill zones), improving trade quality.
Visualization: Simple yet effective tools like Gann Box integration and clear visual signals make this indicator easy to use and highly effective.
Real-Time Alerts: Stay informed of potential trades even when you're away from your screen.
Enigma Unlocked 2.0 empowers traders to harness the power of candlestick analysis and session-based strategies for disciplined and effective trading. Pair this with a solid understanding of risk management and kill zones to achieve consistent results in your trading journey.
Ultra Volume High Breakoutser Inputs:
length: Defines the period to calculate the moving average of volume.
multiplier: Sets the threshold above the moving average to consider as "Ultra Volume."
breakoutMultiplier: Allows for customization of breakout sensitivity.
Volume Calculation:
The script calculates a simple moving average (SMA) of the volume for a defined period (length).
It then detects if the current volume is higher than the moving average multiplied by the user-defined multiplier.
Breakout Condition:
The script checks if the price has moved above the highest close of the previous length periods while the volume condition for "Ultra Volume" is true.
Visuals:
The script marks the breakout with an upward label below the bar (plotshape), colored green for easy identification.
Ultra volume is highlighted with a red histogram plot.
Alert Condition:
An alert condition is included to trigger whenever an ultra volume high breakout occurs.
Customization:
You can adjust the length, multiplier, and breakoutMultiplier to fit your strategy and asset volatility.
Alerts can be set in TradingView to notify you when this condition is met.
Let me know if you'd like further customization or explanation!
Mongoose Market Tracker
**Mongoose Market Tracker**
The **Mongoose Market Sentinel** script is a custom indicator designed to help traders identify unusual market activity that may indicate potential manipulation. This script uses dynamic volume and price action analysis to highlight areas where sudden spikes in volume or irregular candle structures occur.
### Features:
- **Volume Spike Detection**: Flags areas where trading volume significantly deviates from the average, potentially signaling manipulation or abnormal market behavior.
- **Wick-to-Body Ratio Analysis**: Detects candles with disproportionate wicks compared to their bodies, which may indicate price manipulation or liquidity hunting.
- **Auto-Adjusting Thresholds**: Automatically optimizes detection parameters based on the selected time frame, making it suitable for both short-term and long-term analysis.
- **Visual Alerts**: Highlights suspicious activity directly on the chart with clear labels and background coloring, designed for easy readability in dark mode.
- **Customizable Alerts**: Allows users to set notifications for flagged events, ensuring timely awareness of potential risks.
### Intended Use:
This script is a tool for monitoring market behavior and is not a standalone trading strategy. Traders should use it as a supplementary analysis tool alongside other indicators and market knowledge. Always conduct your own research and practice risk management when making trading decisions.
Consecutive Higher/Lower Closes with Breakout LineIndicator Description:
"Four Consecutive Higher/Lower Closes with Auto Breakout Line Timeframe" is a custom TradingView indicator designed to help traders identify key breakout points based on consecutive price action. It combines two main features:
Four Consecutive Higher/Lower Closes – Detects bullish or bearish momentum through consecutive higher or lower closing prices.
Auto Breakout Line – Plots a breakout line that adapts to the timeframe of the chart, helping to visualize potential breakout levels and trends.
Features:
Higher/Lower Close Detection: The indicator tracks and plots lines when there are four consecutive higher closes (bullish) or four consecutive lower closes (bearish). This can signal a trend or momentum in the market.
Breakout Line: It draws an adaptive breakout line that adjusts based on the selected timeframe (i.e., the chart interval), helping traders visually identify breakout levels across different timeframes.
Timeframe Adaptability: The indicator automatically adjusts the breakout line timeframe based on the chart interval (e.g., 15 minutes for lower timeframes and 1 day for higher timeframes).
Customizable Timeframe and Color: The default color for breakout lines is purple, but it is customizable. You can also enable/disable the breakout line through the settings.
How to Use This Indicator for Trading:
1. Trading with Consecutive Higher/Lower Closes:
Bullish Signal: When the indicator detects four consecutive higher closes, it signifies increasing buying momentum. Traders might consider taking long positions when this occurs, especially if the price continues to close higher.
Bearish Signal: When the indicator detects four consecutive lower closes, it signals increasing selling pressure. Traders might consider taking short positions if the price continues to close lower.
Confirmation: The fourth consecutive higher or lower close should be confirmed with additional analysis, such as candlestick patterns, support/resistance levels, or volume.
2. Using the Breakout Line:
The breakout line is designed to help traders identify potential breakout levels. When the price approaches or crosses this line, it could indicate that the market is either breaking out in the direction of the trend or failing to continue the trend.
Bullish Breakout: If the price crosses the breakout line upwards (after four consecutive higher closes), it may confirm that a bullish breakout is in progress. This can be a good opportunity to take a long position.
Bearish Breakout: If the price crosses the breakout line downwards (after four consecutive lower closes), it may confirm that a bearish breakout is occurring. This can be an opportunity to take a short position.
Avoid False Breakouts: It is important not to react to every price move crossing the breakout line. Wait for additional confirmation signals like higher volume, candlestick patterns (e.g., bullish or bearish engulfing), or other technical indicators (e.g., RSI, MACD) to confirm the breakout's validity.
How to Avoid Fake Breakouts:
A fake breakout occurs when the price moves beyond a breakout level but then quickly reverses back inside the range, trapping traders who took positions in the breakout direction.
Here are strategies to avoid fake breakouts:
1. Volume Confirmation:
A valid breakout is often supported by higher volume. If the price crosses the breakout line but the volume is low, it's more likely to be a fake breakout. Always check the volume when a breakout occurs.
Look for volume spikes that accompany the breakout. A surge in volume confirms the market's conviction in the new trend.
2. Candlestick Patterns:
Bullish/bearish engulfing patterns or Doji candles can provide important insights into potential reversals. If a breakout occurs but is immediately followed by a bearish engulfing candle, it's a sign that the breakout may be false.
Also, check for candlestick formations at key support or resistance levels for confirmation.
3. Time Confirmation:
Wait for the close of the current bar to confirm the breakout. A breakout within a single bar without closing above or below a significant level could be a false move.
Sometimes the market will test the breakout level before committing to the direction. This is common in volatile or choppy market conditions.
4. Use of Other Indicators:
RSI (Relative Strength Index): An overbought or oversold condition can indicate a potential reversal after a breakout.
MACD (Moving Average Convergence Divergence): Watch for a MACD crossover that aligns with the breakout direction to confirm the move.
5. Use Stop Losses:
A key rule in avoiding fake breakouts is to always use stop-loss orders. Set your stop-loss just outside the breakout level to avoid excessive losses if the price reverses.
Trailing stops can also help lock in profits if the price moves in your favor but may reverse at a later point.
Summary:
The Four Consecutive Higher/Lower Closes with Auto Breakout Line Timeframe indicator is a valuable tool for identifying strong trends and potential breakouts in the market. By combining consecutive close patterns with dynamic breakout levels, it can help traders spot bullish or bearish momentum and make more informed trading decisions. However, always confirm breakouts with volume, candlestick patterns, and other technical indicators to avoid fake breakouts and reduce the risk of false signals.
By using this indicator along with prudent risk management strategies, traders can improve their chances of entering and exiting trades at the right time while avoiding unnecessary losses from false breakouts.
