Advanced 5-Candle Pattern PredictorThis advanced indicator uses machine learning techniques and multiple analysis methods to predict potential bullish or bearish moves based on the last 5 candles. It combines volume analysis, momentum indicators, and pattern recognition to generate high-probability trading signals.
Key Features:
- Sophisticated 5-candle pattern analysis
- Volume-confirmed signals
- Multi-timeframe trend analysis
- Advanced momentum tracking
- Real-time probability scoring
How It Works:
The indicator analyzes multiple factors for each candle:
1. Body/wick ratios and relationships
2. Volume correlation with price movement
3. Momentum shifts between candles
4. Trend strength and direction
5. Technical indicator confluence (RSI, MACD)
Signals are generated only when:
- Pattern probability exceeds the threshold (default 75%)
- Volume confirms the movement
- Multiple technical factors align
- Trend strength supports the direction
Parameters:
- Probability Threshold: Minimum probability required for signal generation (0.6-1.0)
- Volume Threshold: Required volume multiplication factor (1.0-3.0)
Visual Feedback:
- Green line: Bullish probability
- Red line: Bearish probability
- Gray dashed line: Threshold level
- Large green/red arrows: High-probability signals
- Detailed information table showing current probabilities and signals
Usage Tips:
1. Higher threshold values generate fewer but potentially more reliable signals
2. Look for confluence between probability scores and volume confirmation
3. Use in conjunction with your regular trading strategy for confirmation
4. Best used on timeframes 15m and above for more reliable patterns
Warning:
Past performance does not guarantee future results. This indicator should be used as part of a complete trading strategy with proper risk management.
Индикаторы и стратегии
Stock_Cloud-EMA,VWAP,ST Indicator_V1Stock_Cloud V1 - EMA, VWAP, SuperTrend Strategy Indicator
This indicator combines three powerful technical indicators (EMA, VWAP, and SuperTrend) to create a comprehensive trading system that helps identify high-probability trading setups when all components align.
Strategy Components & Logic:
• EMA (Exponential Moving Average): Acts as a dynamic support/resistance and trend direction indicator
• VWAP (Volume Weighted Average Price): Provides important institutional price levels and volume-based trend strength
• SuperTrend: Offers trend direction and potential reversal points
Why These Components Work Together:
1. EMA filters out market noise while maintaining responsiveness to price changes
2. VWAP adds volume-based price validation, especially useful for intraday trading
3. SuperTrend confirms trend direction and potential reversal points
4. When all three indicators align, it creates a high-probability setup
Signal Generation:
• Bullish Signal: Generated when price crosses above all three indicators (EMA, VWAP, and SuperTrend turns bullish)
• Bearish Signal: Generated when price crosses below all three indicators (EMA, VWAP, and SuperTrend turns bearish)
• Background color changes help visualize the current market condition
Settings:
- EMA Length: 20 (default, adjustable)
- SuperTrend Period: 10 (default, adjustable)
- SuperTrend Multiplier: 3.0 (default, adjustable)
How to Use:
1. Look for potential entries when all three indicators align
2. Small triangles mark key entry points when alignment occurs
3. Use background color as additional confirmation
4. Monitor price action relative to all three indicators for exit signals
Best Timeframes:
Works well on all timeframes, but particularly effective on 5-minute to daily charts for stocks and indices.
Note: This indicator combines traditional technical analysis tools in a unique way to provide clear, actionable signals. Always use proper risk management and consider other factors like market conditions and support/resistance levels.
Created by Stock_Cloud
Version 2.0
McCrayTrendTraders often rely on price breaking above or below the 50-day moving average (50D-MA) as a buy/sell signal. However, this approach frequently results in false breakouts, especially during low-volatility periods when price compression precedes major moves. To address this issue, we use an 8-day exponential moving average (8D-EMA) to represent price and focus on the crossovers between the 8D-EMA and the 48D-EMA as entry/exit signals. This method reduces noise in low-volatility conditions, enables earlier trend entries, and helps traders stay in trends longer.
The indicator incorporates a 111-day EMA (111D-EMA) to define market bias:
• Above the 111D-EMA: Bias is long, favoring buying and selling into cash.
• Below the 111D-EMA: Bias is short, favoring selling and buying into cash.
An exception to this rule occurs when a bullish cross happens within 40% of the 200-week moving average (200W-MA), as these conditions historically signal optimal times to acquire BTC.
Signals:
Buy signals:
• A bullish cross while price is above the 111D-EMA.
• A bullish cross near the 200W-MA threshold (optional setting).
Sell signals:
• A bearish cross while price is below the 111D-EMA.
Exit signals:
• Both EMAs turn red (for long trades) or green (for short trades).
• The shading between the 111D-EMA and 200W-MA turns red (for longs) or green (for shorts), if enabled.
Reversal opportunities:
• A buy or sell label during an exit signal may indicate a reversal point, allowing traders to take profit and reopen positions in the opposite direction.
The methodology behind this indicator has generated 132% alpha since October 6, 2015. Special thanks to Anurag Parashar for refining the stylistic elements of the indicator.
Enigma UnlockedENIGMA Indicator: A Comprehensive Market Bias & Success Tracker
The ENIGMA Indicator is a powerful tool designed for traders who aim to identify market bias, track price movements, and evaluate trade performance using multiple timeframes. It combines multiple indicators and advanced logic to provide real-time insights into market trends, helping traders make more informed decisions.
Key Features
1. Multi-Timeframe Bias Calculation:
The ENIGMA Indicator tracks the market bias across multiple timeframes—Daily (D), 4-Hour (H4), 1-Hour (H1), 30-Minute (30M), 15-Minute (15M), 5-Minute (5M), and 1-Minute (1M).
How the Bias is Created:
The Bias is a key feature of the ENIGMA Indicator and is determined by comparing the current price with previous price levels for each timeframe.
- Bullish Bias (1): The market is considered **bullish** if the **current closing price** is higher than the **previous timeframe’s high**. This suggests that the market is trending upwards, and buyers are in control.
- Bearish Bias (-1): The market is considered **bearish** if the **current closing price** is lower than the **previous timeframe’s low**. This suggests that the market is trending downwards, and sellers are in control.
- Neutral Bias (0): The market is considered **neutral** if the price is between the **previous high** and **previous low**, indicating indecision or a range-bound market.
This bias calculation is performed independently for each timeframe. The **Bias** for each timeframe is then displayed in the **Bias Table** on your chart, providing a clear view of market direction across multiple timeframes.
2. **Customizable Table Display:**
- The indicator provides a table that displays the bias for each selected timeframe, clearly marking whether the market is **Bullish**, **Bearish**, or **Neutral**.
- Users can choose where to place the table on the chart: top-left, top-right, bottom-left, bottom-right, or center positions, allowing for easy and personalized chart management.
3. **Win/Loss Tracker:**
- The table also tracks the **success rate** of **buy** and **sell** trades based on price retests of key bias levels.
- For each period (Day, Week, Month), it tracks how often the price has moved in the direction of the initial bias, counting **Buy Wins**, **Sell Wins**, **Buy Losses**, and **Sell Losses**.
- This helps traders assess the effectiveness of the market bias over time and adjust their strategies accordingly.
#### **How the Success Calculation Determines the Success Rate:**
The **Success Calculation** is designed to track how often the price follows the direction of the market bias. It does this by evaluating how the price retests key levels associated with the identified market bias:
1. **Buy Success Calculation**:
- The success of a **Buy Trade** is determined when the price breaks above the **previous high** after a **bullish bias** has been identified.
- If the price continues to move higher (i.e., makes a new high) after breaking the previous high, the **buy trade is considered successful**.
- The indicator tracks how many times this condition is met and counts it as a **Buy Win**.
2. **Sell Success Calculation**:
- The success of a **Sell Trade** is determined when the price breaks below the **previous low** after a **bearish bias** has been identified.
- If the price continues to move lower (i.e., makes a new low) after breaking the previous low, the **sell trade is considered successful**.
- The indicator tracks how many times this condition is met and counts it as a **Sell Win**.
3. **Failure Calculations**:
- If the price does not move as expected (i.e., it does not continue in the direction of the identified bias), the trade is considered a **loss** and is tracked as **Buy Loss** or **Sell Loss**, depending on whether it was a bullish or bearish trade.
The ENIGMA Indicator keeps a running tally of **Buy Wins**, **Sell Wins**, **Buy Losses**, and **Sell Losses** over a set period (which can be customized to Days, Weeks, or Months). These statistics are updated dynamically in the **Bias Table**, allowing you to track your success rate in real-time and gain insights into the effectiveness of the market bias.
#### **Customizable Period Tracking:**
- The ENIGMA Indicator allows you to set custom tracking periods (e.g., 30 days, 2 weeks, etc.). The performance metrics reset after each tracking period, helping you monitor your success in different market conditions.
5. **Interactive Settings:**
- **Lookback Period**: Define how many bars the indicator should consider for bias calculations.
- **Success Tracking**: Set the number of candles to track for calculating the win/loss performance.
- **Time Threshold**: Set a time threshold to help define the period during which price retests are considered valid.
- **Info Tooltip**: You can enable the information tool in the settings to view detailed explanations of how wins and losses are calculated, ensuring you understand how the indicator works and how the results are derived.
#### **How to Use the ENIGMA Indicator:**
1. **Install the Indicator**:
- Add the ENIGMA Indicator to your chart. It will automatically calculate and display the bias for multiple timeframes.
2. **Interpret the Bias Table**:
- The bias table will show whether the market is **Bullish**, **Bearish**, or **Neutral** across different timeframes.
- Look for alignment between the timeframes—when multiple timeframes show the same bias, it may indicate a stronger trend.
3. **Use the Win/Loss Tracker**:
- Track how well your trades align with the bias using the **Win/Loss Tracker**. This helps you refine your strategy by understanding which timeframes and biases lead to higher success rates.
- For example, if you see a high number of **Buy Wins** and a low number of **Sell Wins**, you may decide to focus more on buying during bullish trends and avoid selling during bearish retracements.
4. **Track Your Period Performance**:
- The indicator will automatically track your performance over the set period (Days, Weeks, Months). Use this data to adjust your approach and evaluate the effectiveness of your trading strategy.
5. **Position the Table**:
- Customize the placement of the table on your chart based on your preferences. You can choose from options like **Top Left**, **Top Right**, **Bottom Left**, **Bottom Right**, or **Center** to keep the chart uncluttered.
6. **Adjust Settings**:
- Modify the indicator settings according to your trading style. You can adjust the **Lookback Period**, **Number of Candles to Track**, and **Time Threshold** to match the pace of your trading.
7. **Use the Info Tooltip**:
- Enable the **Info Tool** in the settings to understand how the Buy/Sell Wins and Losses are calculated. The tooltip provides a breakdown of how the indicator tracks price movements and calculates the success rate.
**Conclusion:**
The **ENIGMA Indicator** is designed to help traders make informed decisions by providing a clear view of the market bias and performance data. With the ability to track bias across multiple timeframes and evaluate your trading success, it can be a powerful tool for refining your trading strategies.
Whether you're looking to focus on a single timeframe or analyze multiple timeframes for a stronger bias, the ENIGMA Indicator adapts to your needs, providing both real-time market insights and performance feedback.
Volume-Based Candle Coloringk线会根据当前成交量高低产生渐变色，帮助你更轻松识别重要的k线。
请使用空心蜡烛图，否则该指标无法显示。
The candlestick colors will transition based on the current trading volume, making it easier for you to identify significant candlesticks.
Please use hollow candlesticks; otherwise, this indicator will not display properly.
simple swing indicator-KTRNSE:NIFTY
1. Pivot High/Low as Lines:
Purpose: Identifies local peaks (pivot highs) and troughs (pivot lows) in price and draws horizontal lines at these levels.
How it Works:
A pivot high occurs when the price is higher than the surrounding bars (based on the pivotLength parameter).
A pivot low occurs when the price is lower than the surrounding bars.
These pivots are drawn as horizontal lines at the price level of the pivot.
Visualization:
Pivot High: A red horizontal line is drawn at the price level of the pivot high.
Pivot Low: A green horizontal line is drawn at the price level of the pivot low.
Example:
Imagine the price is trending up, and at some point, it forms a peak. The script identifies this peak as a pivot high and draws a red line at the price of that peak. Similarly, if the price forms a trough, the script will draw a green line at the low point.
2. Moving Averages (20-day and 50-day):
Purpose: Plots the 20-day and 50-day simple moving averages (SMA) on the chart.
How it Works:
The 20-day SMA smooths the closing price over the last 20 days.
The 50-day SMA smooths the closing price over the last 50 days.
These lines provide an overview of short-term and long-term price trends.
Visualization:
20-day SMA: A blue line showing the 20-day moving average.
50-day SMA: An orange line showing the 50-day moving average.
Example:
When the price is above both moving averages, it indicates an uptrend. If the price crosses below these averages, it might signal a downtrend.
3. Supertrend:
Purpose: The Supertrend is an indicator based on the Average True Range (ATR) and is used to track the market trend.
How it Works:
When the market is in an uptrend, the Supertrend line will be green.
When the market is in a downtrend, the Supertrend line will be red.
Visualization:
Uptrend: The Supertrend line will be plotted in green.
Downtrend: The Supertrend line will be plotted in red.
Example:
If the price is above the Supertrend, the market is considered to be in an uptrend, and if the price is below the Supertrend, the market is in a downtrend.
4. Momentum (Rate of Change):
Purpose: Measures the rate at which the price changes over a set period, showing if the momentum is positive or negative.
How it Works:
The Rate of Change (ROC) measures how much the price has changed over a certain number of periods (e.g., 14).
Positive ROC indicates upward momentum, and negative ROC indicates downward momentum.
Visualization:
Positive ROC: A purple line is plotted above the zero line.
Negative ROC: A purple line is plotted below the zero line.
Example:
If the ROC line is above zero, it means the price is increasing, suggesting bullish momentum. If the ROC is below zero, it indicates bearish momentum.
5. Volume:
Purpose: Displays the volume of traded assets, giving insight into the strength of price movements.
How it Works:
The script will color the volume bars based on whether the price closed higher or lower than the previous bar.
Green bars indicate bullish volume (closing price higher than the previous bar), and red bars indicate bearish volume (closing price lower than the previous bar).
Visualization:
Bullish Volume: Green volume bars when the price closes higher.
Bearish Volume: Red volume bars when the price closes lower.
Example:
If you see a green volume bar, it suggests that the market is participating in an uptrend, and the price has closed higher than the previous period. Red bars indicate a downtrend or selling pressure.
6. MACD (Moving Average Convergence Divergence):
Purpose: The MACD is a trend-following momentum indicator that shows the relationship between two moving averages of the price.
How it Works:
The MACD Line is the difference between the 12-period EMA (Exponential Moving Average) and the 26-period EMA.
The Signal Line is the 9-period EMA of the MACD Line.
The MACD Histogram shows the difference between the MACD line and the Signal line.
Visualization:
MACD Line: A blue line representing the difference between the 12-period and 26-period EMAs.
Signal Line: An orange line representing the 9-period EMA of the MACD line.
MACD Histogram: A red or green histogram that shows the difference between the MACD line and the Signal line.
Example:
When the MACD line crosses above the Signal line, it’s considered a bullish signal. When the MACD line crosses below the Signal line, it’s considered a bearish signal.
Full Chart Example:
Imagine you're looking at a price chart with all the indicators:
Pivot High/Low Lines are drawn as red and green horizontal lines.
20-day and 50-day SMAs are plotted as blue and orange lines, respectively.
Supertrend shows a green or red line indicating the trend.
Momentum (ROC) is shown as a purple line oscillating around zero.
Volume bars are green or red based on whether the close is higher or lower.
MACD appears as a blue line and orange line, with a red or green histogram showing the MACD vs. Signal line difference.
How the Indicators Work Together:
Trend Confirmation: If the price is above the Supertrend line and both SMAs are trending up, it indicates a strong bullish trend.
Momentum: If the ROC is positive and the MACD line is above the Signal line, it further confirms bullish momentum.
Volume: Increasing volume, especially with green bars, suggests that the trend is being supported by active participation.
By using these combined indicators, you can get a comprehensive view of the market's trend, momentum, and potential reversal points (via pivot highs and lows).
Yakloft Support and Resistance LevelsYakloft Support and Resistance Levels Indicator
The Yakloft Support and Resistance Levels indicator is a powerful tool designed to help traders identify key support and resistance levels on a price chart. By leveraging advanced pivot point calculations and customizable settings, this indicator provides clear visual cues for potential price reversals and market trends.
Key Features
Automatic Support and Resistance Levels:
Dynamic Calculation: The indicator automatically identifies and plots significant support and resistance levels based on pivot highs and lows.
Customizable Strength: Adjust the S/R Strength parameter to filter levels according to their significance. Higher values display fewer but more robust levels.
Zones Around Levels:
Support and Resistance Zones: Create zones around each support and resistance level to highlight areas of interest rather than exact price points.
High/Low Zones: Plot zones around the highest and lowest price levels within a specified period, providing additional context for potential breakouts or reversals.
Zone Width Adjustment: Customize the width of the zones using the Zone Width % parameter, calculated as a percentage of the price range over the last 300 bars.
Line Styles and Fills:
Customizable Appearance: Modify line colors, styles (Solid, Dotted, Dashed), and widths to match your chart preferences.
Line Fills: Enhance visual clarity by filling zones with semi-transparent colors, making it easier to distinguish between support and resistance areas.
Dynamic Line Management:
Automatic Line Removal: To keep your chart uncluttered, the indicator removes a support or resistance line after the price crosses it twice. This feature helps you focus on the most relevant and current levels.
Expandable Lines:
Line Extension: Choose to extend lines both forward and backward in time with the Expand S/R Lines option, providing a comprehensive view of historical support and resistance.
How It Works
The indicator analyzes price data to identify pivot highs and lows over a specified lookback period. These pivot points are potential areas where the price may reverse or experience significant support or resistance. By filtering these points based on the S/R Strength parameter, the indicator ensures that only the most significant levels are displayed.
Once the levels are identified:
Support Levels: Plotted when the price shows potential to stop falling and possibly start rising.
Resistance Levels: Plotted when the price may stop rising and potentially start falling.
The indicator enhances these levels by:
Adding Zones: By creating a buffer around each level, traders can see areas where the price might interact with support or resistance, rather than focusing on a single price point.
Line Fills: The zones are filled with a semi-transparent color corresponding to support or resistance, improving visual distinction.
Input Parameters
Enable Support & Resistance: Toggle the entire indicator on or off.
Support Color: Choose the color for support lines and fills.
Resistance Color: Choose the color for resistance lines and fills.
S/R Strength: Set the sensitivity of level detection. Higher values result in fewer, more significant levels.
Line Style: Select the style of the support and resistance lines (Solid, Dotted, Dashed).
S/R Line Width: Adjust the thickness of the support and resistance lines.
Enable Zones: Toggle the display of zones around each level.
Enable High/Low Zones: Toggle the display of zones around the highest and lowest price levels.
Zone Width %: Define the width of the zones as a percentage of the price range over the last 300 bars.
Expand S/R Lines: Choose whether to extend the lines across the entire chart or limit them to recent data.
Using the Indicator
Identifying Key Levels:
Use the plotted support and resistance levels to identify potential entry and exit points.
Pay attention to the zones, as they represent areas where the price is more likely to react.
Monitoring Price Interaction:
Observe how the price behaves around the support and resistance levels.
The automatic removal of lines after two crossings helps focus on active levels.
Customizing for Clarity:
Adjust the visual settings to match your trading style and improve chart readability.
Experiment with the S/R Strength and Zone Width % to fine-tune the indicator to different market conditions.
Best Practices
Combine with Other Analysis Tools:
Use the indicator alongside other technical analysis tools like trend lines, moving averages, and oscillators for a more comprehensive market view.
Adjust for Different Timeframes:
The indicator works on various timeframes. Adjust the parameters when switching between short-term and long-term charts to maintain effectiveness.
Stay Updated with Market Conditions:
Market volatility can affect the significance of support and resistance levels. Regularly adjust the S/R Strength parameter to align with current market dynamics.
Limitations
Not a Standalone Solution:
While the indicator provides valuable insights, it should not be used in isolation. Always consider broader market analysis and risk management practices.
Historical Data Dependency:
The accuracy of the levels depends on the availability of sufficient historical data. Ensure your chart includes enough data for the indicator to perform effectively.
Adaptive DEMA Momentum Oscillator (ADMO)Overview:
The Adaptive DEMA Momentum Oscillator (ADMO) is an open-source technical analysis tool developed to measure market momentum using a Double Exponential Moving Average (DEMA) and adaptive standard deviation. By dynamically combining price deviation from the moving average with normalized standard deviation, ADMO provides traders with a powerful way to interpret market conditions.
Key Features:
Double Exponential Moving Average (DEMA):
The core calculation of the indicator is based on DEMA, which is known for being more responsive to price changes compared to traditional moving averages. This makes the ADMO capable of capturing trend momentum effectively.
Standard Deviation Integration:
A normalized standard deviation is used to adaptively weight the oscillator. This makes the indicator more sensitive to market volatility, enhancing responsiveness during high volatility and reducing sensitivity during calmer periods.
Oscillator Representation:
The final oscillator value is derived from the combination of the DEMA-based Z-score and the normalized standard deviation. This final value is visualized as a color-coded histogram, reflecting bullish or bearish momentum.
Color-Coded Histogram:
Bullish Momentum: Values above zero are colored using a customizable bullish color (default: light green).
Bearish Momentum: Values below zero are colored using a customizable bearish color (default: red).
How It Works:
Inputs:
DEMA Length: Defines the period used for calculating the Double Exponential Moving Average. It can be adjusted from 1 to 200 to suit different trading styles.
Standard Deviation Length: Sets the lookback period for standard deviation calculations, which influences the responsiveness of the oscillator.
Standard Deviation Weight (StdDev Weight): Controls the weight given to the normalized standard deviation, allowing customization of the oscillator's sensitivity to volatility.
Calculation Steps:
Double Exponential Moving Average Calculation:
The DEMA is calculated using two exponential moving averages, which helps in reducing lag compared to a simple moving average.
Z-score Calculation:
The Z-score is derived by comparing the difference between the DEMA and its smoothed average (LSMA) to the standard deviation. This indicates how far the current value is from the mean in units of standard deviation.
Normalized Standard Deviation:
The standard deviation is normalized by subtracting the mean standard deviation and dividing by the standard deviation of the values. This helps to make the oscillator adaptive to recent changes in volatility.
Final Oscillator Value:
The final value is calculated by multiplying the Z-score with a factor based on the normalized standard deviation, resulting in a momentum indicator that adapts to different market conditions.
Visualization:
Histogram: The oscillator is plotted as a histogram, with color-coded bars showing the strength and direction of market momentum.
Positive (bullish) values are shown in green, indicating upward momentum.
Negative (bearish) values are shown in red, indicating downward momentum.
Zero Line: A zero line is plotted to provide a reference point, helping users quickly determine whether the current momentum is bullish or bearish.
Example Use Cases:
Momentum Identification:
ADMO helps identify the current market momentum by dynamically adapting to changes in market volatility. When the histogram is above zero and green, it indicates bullish conditions, whereas values below zero and red suggest bearish momentum.
Volatility-Adjusted Signals:
The normalized standard deviation weighting allows the ADMO to provide more reliable signals during different market conditions. This makes it particularly useful for traders who want to be responsive to market volatility while avoiding false signals.
Trend Confirmation and Divergence:
ADMO can be used to confirm the strength of a trend or identify potential divergences between price and momentum. This helps traders spot potential reversal points or continuation signals.
Summary:
The Adaptive DEMA Momentum Oscillator (ADMO) offers a unique approach by combining momentum analysis with adaptive standard deviation. The integration of DEMA makes it responsive to price changes, while the standard deviation adjustment helps it stay relevant in both high and low volatility environments. It's a versatile tool for traders who need an adaptive, momentum-based approach to technical analysis.
Feel free to explore the code and adapt it to your trading strategy. The open-source nature of this tool allows you to adjust the settings and visualize the output to fit your personal trading preferences.
MACD, ADX & RSI -> for altcoins# MACD + ADX + RSI Combined Indicator
## Overview
This advanced technical analysis tool combines three powerful indicators (MACD, ADX, and RSI) into a single view, providing a comprehensive analysis of trend, momentum, and divergence signals. The indicator is designed to help traders identify potential trading opportunities by analyzing multiple aspects of price action simultaneously.
## Components
### 1. MACD (Moving Average Convergence Divergence)
- **Purpose**: Identifies trend direction and momentum
- **Components**:
- Fast EMA (default: 12 periods)
- Slow EMA (default: 26 periods)
- Signal Line (default: 9 periods)
- Histogram showing the difference between MACD and Signal line
- **Visual**:
- Blue line: MACD line
- Orange line: Signal line
- Green/Red histogram: MACD histogram
- **Interpretation**:
- Histogram color changes indicate potential trend shifts
- Crossovers between MACD and Signal lines suggest entry/exit points
### 2. ADX (Average Directional Index)
- **Purpose**: Measures trend strength and direction
- **Components**:
- ADX line (default threshold: 20)
- DI+ (Positive Directional Indicator)
- DI- (Negative Directional Indicator)
- **Visual**:
- Navy blue line: ADX
- Green line: DI+
- Red line: DI-
- **Interpretation**:
- ADX > 20 indicates a strong trend
- DI+ crossing above DI- suggests bullish momentum
- DI- crossing above DI+ suggests bearish momentum
### 3. RSI (Relative Strength Index)
- **Purpose**: Identifies overbought/oversold conditions and divergences
- **Components**:
- RSI line (default: 14 periods)
- Divergence detection
- **Visual**:
- Purple line: RSI
- Horizontal lines at 70 (overbought) and 30 (oversold)
- Divergence labels ("Bull" and "Bear")
- **Interpretation**:
- RSI > 70: Potentially overbought
- RSI < 30: Potentially oversold
- Bullish/Bearish divergences indicate potential trend reversals
## Alert System
The indicator includes several automated alerts:
1. **MACD Alerts**:
- Rising to falling histogram transitions
- Falling to rising histogram transitions
2. **RSI Divergence Alerts**:
- Bullish divergence formations
- Bearish divergence formations
3. **ADX Trend Alerts**:
- Strong trend development (ADX crossing threshold)
- DI+ crossing above DI- (bullish)
- DI- crossing above DI+ (bearish)
## Settings Customization
All components can be fine-tuned through the settings panel:
### MACD Settings
- Fast Length
- Slow Length
- Signal Smoothing
- Source
- MA Type options (SMA/EMA)
### ADX Settings
- Length
- Threshold level
### RSI Settings
- RSI Length
- Source
- Divergence calculation toggle
## Usage Guidelines
### Entry Signals
Strong entry signals typically occur when multiple components align:
1. MACD histogram color change
2. ADX showing strong trend (>20)
3. RSI showing divergence or leaving oversold/overbought zones
### Exit Signals
Consider exits when:
1. MACD crosses signal line in opposite direction
2. ADX shows weakening trend
3. RSI reaches extreme levels with divergence
### Risk Management
- Use the indicator as part of a complete trading strategy
- Combine with price action and support/resistance levels
- Consider multiple timeframe analysis for confirmation
- Don't rely solely on any single component
## Technical Notes
- Built for TradingView using Pine Script v5
- Compatible with all timeframes
- Optimized for real-time calculation
- Includes proper error handling and NA value management
- Memory-efficient calculations for smooth performance
## Installation
1. Copy the provided Pine Script code
2. Open TradingView Chart
3. Create New Indicator -> Pine Editor
4. Paste the code and click "Add to Chart"
5. Adjust settings as needed through the indicator settings panel
## Version Information
- Version: 2.0
- Last Updated: November 2024
- Platform: TradingView
- Language: Pine Script v5
US/JP Factor/Sector Performance RankingThis indicator is designed to help you easily understand the strengths and weaknesses of different factors and sectors in the U.S. stock market. It looks at various ETFs, ranks their performance over a specific period (20 days by default), and shows the results visually.
= How the Ranking Works
The best-performing rank is shown as -1, with lower ranks as -2, -3, -4, and so on. This setup makes it easy to see rank order in TradingView’s default view.
If you turn on the “Inverse” setting, ranks will be shown as positive numbers in order (e.g., 1, 2, 3…). In this case, it’s recommended to reverse the TradingView scale for better understanding.
= How the Indicator Reacts to Market Conditions
- Normal Market Conditions
Certain factors or sectors often stay at the top rank. For example, during the rallies at the start of 2024 and in May, the Momentum factor performed well, showing a risk-on market environment.
On the other hand, sectors at the bottom rank also tend to stay in specific positions.
- Market Tops
Capital flows within sectors slow down, and top ranks begin to change frequently. This may suggest a market turning point.
- Bear Markets or High Volatility
Rankings become more chaotic in these conditions. These large changes can help you understand market sentiment and the level of volatility.
= Way of using the Indicator
You can use this indicator in the following ways:
- To apply sector rotation strategies.
- To build positions after volatile markets calm down.
- To take long positions on strong elements (higher ranks) and short positions on weaker ones (lower ranks).
= Things to Keep in Mind
It’s a Lagging Indicator
This indicator calculates rankings using the past 20 days of data. It doesn’t provide signals for the future but is a tool for analyzing past performance. To predict the market, you should combine this with other tools or leading indicators.
However, since trends in capital flows often continue, this indicator can help you spot those trends.
= Customization
This indicator is set up for U.S. and Japanese stock markets. However, you can customize it for other markets by changing the ticker and label description in the script.
==Japanese Description==
このインジケーターは、米国株市場におけるファクターやセクターの強弱を直感的に把握するために設計されています。
各ETFを参照し、特定期間（デフォルトでは20日間）のパフォーマンスを順位付けし、それを視覚的に表示します。
= インジケーターの特徴
- ランク付けの仕様
ランク1位は-1で表され、順位が下がるごとに-2、-3、-4…と減少します。この仕様により、TradingViewの標準状態でランクの高低を直感的に把握できるようにしました。
さらに、Inverse設定をONにすると、1位から順に正の値（例: 1, 2, 3…）で表示されるようになります。この場合、TradingViewのスケールを反転させることを推奨します。
= 市況とインジケーターの動き
- 平常時の市況
特定のファクターやセクターがランク1位を維持することが多いです。
例えば、2024年の年初や同年5月の上昇相場では、Momentumファクターが効果を発揮し、リスクオンの市場環境であったことを示しています。
一方、最下位に位置するセクターも特定の順位を維持する傾向があります。
- 天井圏の市況
セクター内の資金流入や流出が停滞し、上位ランクの変動が起こり始めます。これが市場の転換点を示唆する場合があります。
- 下落相場や荒れた市況
ランク順位が大きく乱れることが特徴です。この変動の大きさは、市況の雰囲気やボラティリティの高さを感じ取る材料として活用できます。
= 活用方法
このインジケーターは以下のような投資戦略に役立てることができます：
- セクターローテーションを活用した投資戦略
- 荒れた相場が落ち着いたタイミングでのポジション構築
- 強い要素（ランク上位）のロング、弱い要素（ランク下位）のショート
= 注意点
- 遅行指標であること
本インジケーターは、過去20日間のデータを基にランクを算出します。そのため、先行的なシグナルを提供するものではなく、過去のパフォーマンスに基づいた分析ツールです。市場を先回りするには、別途先行指標や分析を組み合わせる必要があります。
ただし、特定のファクターやセクターへの資金流入・流出が継続する傾向があるため、これを見極める手助けにはなります。
= カスタマイズについて
このインジケーターは米国・日本株市場に特化しています。ただし、他国のファクターやセクターのETFや指数が利用可能であれば、スクリプト内のtickerとlabel descriptionを変更することでカスタマイズが可能です。
Simple Moving Average with Regime Detection by iGrey.TradingThis indicator helps traders identify market regimes using the powerful combination of 50 and 200 SMAs. It provides clear visual signals and detailed metrics for trend-following strategies.
Key Features:
- Dual SMA System (50/200) for regime identification
- Colour-coded candles for easy trend visualisation
- Metrics dashboard
Core Signals:
- Bullish Regime: Price < 200 SMA
- Bearish Regime: Price > 200 SMA
- Additional confirmation: 50 SMA Cross-over or Cross-under (golden cross or death cross)
Metrics Dashboard:
- Current Regime Status (Bull/Bear)
- SMA Distance (% from price to 50 SMA)
- Regime Distance (% from price to 200 SMA)
- Regime Duration (bars in current regime)
Usage Instructions:
1. Apply the indicator to your chart
2. Configure the SMA lengths if desired (default: 50/200)
3. Monitor the color-coded candles:
- Green: Bullish regime
- Red: Bearish regime
4. Use the metrics dashboard for detailed analysis
Settings Guide:
- Length: Short-term SMA period (default: 50)
- Source: Price calculation source (default: close)
- Regime Filter Length: Long-term SMA period (default: 200)
- Regime Filter Source: Price source for regime calculation (default: close)
Trading Tips:
- Use bullish regimes for long positions
- Use bearish regimes for capital preservation or short positions
- Consider regime duration for trend strength
- Monitor distance metrics for potential reversals
- Combine with other systems for confluence
#trend-following #moving average #regime #sma #momentum
Risk Management:
- Not a standalone trading system
- Should be used with proper position sizing
- Consider market conditions and volatility
- Always use stop losses
Best Practices:
- Monitor multiple timeframes
- Use with other confirmation tools
- Consider fundamental factors
Version: 1.0
Created by: iGREY.Trading
Release Notes
// v1.1 Allows table overlay customisation
// v1.2 Update to v6 pinescript
Checklist By TAZFX with Trade ScoreTrading Checklist is a customizable indicator designed for traders who want to stay disciplined and stick to their trading rules. Using this indicator, you can easily create and display your own personalized checklist of trading rules directly on your TradingView chart.
1. Customizable Settings:
• Positioning : Place the table in one of nine positions on the chart (e.g., bottom left, top right).
• Header : Modify the banner text, size, and color.
• Row Content : Define text for each row and control visibility.
• Appearance : Adjust text and background colors.
2. Checklist Table:
•Displays up to 8 rows with checkboxes (✅/❌) and custom labels for trade evaluation.
•Useful for tracking whether specific trade conditions or rules are met.
3. Trade Score Calculation:
•The Trade Score is a percentage that shows how many of your checklist items are checked compared to the total visible items.
PSP Indicator [Elbaz]Precision Swing Point or PSP is a unique technical analysis tool designed to compare the price action of three tickers that are in sync.
It highlights moments when the price structure diverges between the markets, identifying ideal entry points for trades - We would like to enter a trade when we found PSP and one of the tickers took the wick while others didn't.
This strategy provides an edge by focusing on periods of desynchronization between the indices, where one index may be showing strength while another is lagging. The idea is to find the moments where the candle colors (bullish or bearish) differ across the markets, then wait for one of the tickers to "take" the wick of the PSP while other didn't and enter a trade.
Once a divergence is detected, the indicator plots an arrow on the chart, signaling a potential trade entry. To minimize risk, a good place to put stop loss will at the end of the wick of the PSP — the high or low wick of the candle where the divergence occurs.
The PSP Indicator allows for several custom inputs:
- Tickers: Customize the tickers to compare. The default values are S&P 500 E-mini, NASDAQ E-mini, and Dow Jones E-mini, if you trade Crypto you might want to use BTC, ETH, TOTAL3.
- Lookback Period: The lookback input defines how far back the indicator should evaluate to calculate the price structure point.
- Highlight Bar Times: Users can specify particular times during the trading day to highlight, such as the market open or significant news events. This helps traders focus on key trading windows.
First 15-Min Candle Detector [With Breakout Alerts]Indicator: First 15-Minute Candle Detector
Purpose
This indicator helps traders by identifying and marking the high, low, and mid-point of the first 15-minute candle of the market session. It also provides visual aids and alerts for price breakouts above or below these levels, making it ideal for intraday trading strategies.
This script is suitable for traders focusing on early session momentum or reversal strategies.
Key Features
Market Start Customization: Configure the market start time (hour and minute) to align with your trading session or exchange timezone.
Visual Aids:
Horizontal lines to mark the High , Low , and Mid-point of the first 15-minute candle.
Background highlighting to identify the first 15-minute candle.
Configurable colors and line widths for clear visuals.
Breakout Alerts:
Real-time alerts for breakouts above the high or below the low of the first 15-minute candle.
Customizable alert messages.
Alerts configured using alertcondition .
Dynamic Adjustments:
Adapts dynamically to timeframes of 15 minutes or lower.
Resets and recalculates at the start of each new session.
Inputs and Configurations
Market Settings:
Market Start Hour: Default is 9.
Market Start Minute: Default is 30.
Visual Settings:
Enable/disable background highlighting.
Set colors for the background, high line, low line, and mid-line.
Adjust line width (1 to 5).
Toggle the visibility of the mid-line.
Alert Settings:
Enable breakout alerts.
Set custom alert messages for high and low breakouts.
How It Works
// First 15-Minute Candle Detection
The indicator monitors the first 15-minute candle after the market opens based on the configured start time. It records the high , low , and calculates the mid-point of this candle.
// Visual Markings
Horizontal lines are drawn at the high, low, and mid-point of the first 15-minute candle, extending to the right for the rest of the session.
// Breakout Detection
The indicator checks for price breakouts above the high or below the low of the first 15-minute candle and triggers alerts if enabled.
// Dynamic Reset
The indicator resets values and deletes previous session lines at the start of each new session.
Conditions and Alerts
Breakout Conditions:
High Breakout: The closing price exceeds the high of the first 15-minute candle.
Low Breakout: The closing price falls below the low of the first 15-minute candle.
Alert Triggers: Configurable alerts notify you of breakouts in real-time.
Use Cases
Intraday Traders: Ideal for early-session momentum or reversal strategies.
Breakout Traders: Helps identify entry points when price breaks key levels.
Visual Clarity: Simplifies tracking important session levels.
Limitations
Works only on 15-minute or lower timeframes.
Requires accurate market start time configuration.
Buying and Selling PressureThis indicator estimates and visualizes the buying and selling pressure within each bar by distributing the volume based on where the closing price falls within the bar's range. It calculates cumulative buying and selling volumes over the last 10 bars and plots these values, allowing traders to assess market sentiment and potential shifts in momentum.
This indicator provides valuable insights into market dynamics by estimating buying and selling pressures over a set period. By visualizing these pressures, you can enhance your understanding of market sentiment and improve decision-making processes. It's most effective when used alongside other forms of analysis, such as price action, support and resistance levels, and additional technical indicators.
Note: Always thoroughly test any new indicator or trading strategy before applying it to live trading. Understanding how it behaves under different market conditions ensures it aligns with your trading objectives and risk management practices.
Price Time Filtering Bar CountThis script is designed to identify and visualize market trends by analyzing price action over a specified aggregation period. Detailed breakdown of its functionality:
Trend Identification
Uptrend Detection:
An uptrend is signaled when the closing price of the previous bar is higher than the high price from two bars ago.
Downtrend Detection:
A downtrend is indicated when the closing price of the previous bar is lower than the low price from two bars ago.
Trend Continuation:
If neither condition is met, the current trend continues from the previous bar.
Trend Counting
Counter Initialization:
A counter (count) keeps track of the number of consecutive bars in the current trend.
Counter Reset:
When a new trend is detected (change from uptrend to downtrend or vice versa), the counter resets to 1.
Counter Increment:
If the trend continues, the counter increments by 1 for each new bar in the same trend.
Visualization
BarCount Plot:
The BarCount variable represents the current count of trend bars.
Positive Values: Indicate the number of bars in an uptrend.
Negative Values: Indicate the number of bars in a downtrend.
Zero or na: Represents no clear trend or initialization phase.
Histogram Style:
The BarCount is plotted as a histogram, providing a visual representation of trend strength and duration.
Color Coding
Uptrend Color:
Bars and histogram columns are colored teal (or the color assigned to UptrendColor) when in an uptrend.
Downtrend Color:
Bars and histogram columns are colored orange (or the color assigned to DowntrendColor) when in a downtrend.
Customizable Coloring:
The paintBars input allows users to enable or disable the coloring of price bars according to the current trend.
Aggregation Period
User Input:
The aggregationPeriod input lets users specify a timeframe for the indicator's calculations.
If left empty, the indicator uses the chart's current timeframe.
Data Fetching:
The indicator retrieves close, high, and low prices based on the specified aggregation period using the request.security function.
How It Works Together
Data Retrieval:
The indicator fetches the necessary price data (secAggClose, secAggHigh, secAggLow) based on the chosen timeframe.
Trend Calculation:
It compares the previous closing price to the high and low prices from two bars ago to determine the current trend.
Trend Counting:
The counter tracks how many consecutive bars the market has been in the current trend.
Visualization and Coloring:
The BarCount is plotted as a histogram, with colors indicating the trend direction.
Optionally, the price bars on the chart are colored to match the trend for easier visualization.
Practical Use Cases
Trend Strength Assessment:
Traders can gauge the strength of a trend by observing the magnitude of the BarCount. A higher absolute value indicates a stronger, more prolonged trend.
Trend Reversals:
A reset in the counter (switch from positive to negative or vice versa) can signal a potential trend reversal, providing entry or exit points.
Momentum Trading:
By visualizing the duration of trends, momentum traders can identify optimal times to join a prevailing trend or anticipate its exhaustion.
Customization Options
Enable/Disable Bar Coloring:
Users can toggle the paintBars option to switch between a clean price chart and one that highlights trends with color.
Aggregation Period Adjustment:
Adjusting the aggregationPeriod allows analysis over different timeframes without changing the chart's main settings, offering flexibility in strategy development.
Conclusion
This indicator serves as a powerful tool for trend analysis by:
Quantifying Trend Duration: Helps understand how long a trend has persisted.
Visual Trend Representation: Offers immediate visual cues through histogram bars and color-coded price bars.
Flexible Configuration: Provides options to customize the timeframe and visual aspects to suit individual trading styles.
By integrating this indicator into your trading strategy, you can enhance your ability to identify trend patterns, assess their strength, and make more informed trading decisions based on trend dynamics.
Buy vs Sell VolumeHow It Works:
BuyVol: Estimates buying volume by calculating the proportion of volume attributed to the upward price movement within each bar.
SellVol: Estimates selling volume by calculating the proportion of volume attributed to the downward price movement within each bar.
Customization:
length: You can adjust the length input parameter to change the period over which the average is calculated.
Visualization:
The buy trendline is plotted in Green and represents the average net buying vs. selling volume over the specified period.
The sell trendline is plotted in Red and represents the average net selling vs. buying volume over the specified period.
Note: This script provides an approximation and should be used in conjunction with other analysis tools to make informed trading decisions.
Flag Screener [QuantVue]Flag Screener is a screening tool that identify bull and bear flags in up to 40 different symbols.
The indicator takes a comma separated list of symbols and then scans the symbols in real time to detect bull or bear flags.
What are flags
Flags are continuation patterns that occur within the general trend of the security. A bull flag represents a temporary pause or consolidation before price resumes it's upward movement, while a bear flag occurs before price continues its downward movement.
Both flag patterns consist of two components:
The Pole
The Flag
The pole is the initial strong upward surge or decline that precedes the flag. The pole is usually a fast move accompanied by heavy volume signaling significant buying or selling pressure.
The flag is then formed as price consolidates after the initial surge or decline from the pole. For a bull flag price will drift slightly downward to sideways, a bear flag will drift upward to sideways. The best flags often see volume dry up during this phase of the pattern.
Indicator Settings
Both components are fully customizable in the indicator so the user can adjust for any time frame or volatility. Select the minimum and maximum accepted limits from the % gain loss required for the pole, the maximum acceptable flag depth or rally and the minimum and maximum number of bars for each component.
USDT.D Volatility TrackerUSDT.D Volatility Tracker
Description:
This script is designed to track the volatility of USDT.D (US Dollar in cryptocurrency) on the TradingView platform. It uses a moving average and deviation from it to generate buy and sell signals, helping traders visualize changes in volatility and make informed decisions.
Input Parameters:
maPeriod: The period of the moving average (default 120). This parameter allows users to adjust the length of the period used to calculate the moving average.
devThreshold: The deviation threshold (default 0.6). This parameter defines the level of deviation that will trigger buy or sell signals.
Data Request:
The script requests closing data for USDT.D using the request.security function, allowing it to retrieve up-to-date data on the selected timeframe.
Moving Average and Deviation Calculation:
An exponential moving average (EMA) is used to calculate the deviation from the moving average, enabling the identification of current volatility.
Deviation Line Display:
The deviation rate line is displayed on the chart, allowing users to visually track changes in volatility.
Signal Generation:
If the deviation exceeds the set threshold (devThreshold), a buy signal is generated (green background).
If the deviation falls below the negative threshold (-devThreshold), a sell signal is generated (red background).
Visual Signals:
Buy signals are displayed on the chart as green triangles, while sell signals are displayed as red triangles. This helps traders quickly identify potential entry and exit points.
Eze Profit Range Detection FilterThe Range Detection Filter is a technical analysis tool designed to help traders identify range-bound market conditions and focus on breakout opportunities. It combines the ATR (Average True Range) for volatility analysis and the ADX (Average Directional Index) for trend strength evaluation to highlight consolidation phases and alert traders when the market is ready to break out.
This indicator provides visual cues and customizable alerts, making it suitable for traders looking to avoid false signals during choppy markets and capitalize on trending moves following a breakout.
What Makes It Unique?
ATR for Volatility:
Measures market volatility by comparing ATR with its moving average.
Consolidation phases are flagged when ATR remains below its moving average for a sustained period.
ADX for Trend Strength:
Monitors trend strength, confirming range-bound conditions when ADX falls below a user-defined threshold (default: 20).
Combines with ATR to ensure accurate detection of trendless periods.
Breakout Alerts:
Notifies traders of breakout opportunities when the price moves outside the highest high or lowest low of the range.
How It Works:
Range Detection:
The market is considered "in range" when:
ATR is below its moving average, indicating low volatility.
ADX is below the threshold, confirming a lack of trend strength.
Visual Indication:
A yellow background highlights range-bound conditions, allowing traders to avoid low-probability trades.
Breakout Detection:
Alerts are triggered for breakouts above or below the range to help traders identify potential opportunities.
Features:
Range Highlighting:
Automatically detects and highlights range-bound markets using a yellow background.
Breakout Alerts:
Sends alerts for breakouts above or below the range once the market exits consolidation.
Customizable Inputs:
ATR length, moving average length, and ADX parameters are fully adjustable to adapt to various trading styles and asset classes.
Multi-Timeframe Compatibility:
Suitable for all markets and timeframes, including stocks, forex, and cryptocurrencies.
How to Use:
Identify Ranges:
Avoid trading when the yellow background appears, signaling a range-bound market.
Focus on Breakouts:
Look for alerts indicating breakouts above or below the range for potential trending opportunities.
Combine with Other Indicators:
Use volume analysis, momentum oscillators, or candlestick patterns to confirm breakout signals.
Credits:
This script utilizes widely accepted methodologies for ATR and ADX calculations. ADX is calculated manually using directional movement (+DI and -DI) for precise trend detection. The concept has been adapted and enhanced to create this comprehensive range-detection tool.
Notes:
This indicator is intended for educational purposes and should not be used as standalone financial advice.
Always incorporate this tool into a broader trading strategy for optimal results.
Customizable Psychological LevelsThe Customizable Psychological Levels indicator is designed to simplify the process of marking psychological levels on your chart without the need to manually add lines. Psychological levels are critical price zones where market participants often make decisions, such as round numbers or price levels that align with key technical analysis thresholds.
This indicator offers a fully automated way to plot these levels, with customizable options for intervals, colors, line thickness, and styles. Traders can focus more on their analysis and decision-making while relying on this tool to display consistent and accurate psychological levels across different timeframes.
Key Features:
Automated Level Drawing:
Major, intermediate, and minor levels are plotted automatically based on user-defined intervals.
No need to draw lines manually, saving time and ensuring precision.
Customizable Settings:
Choose intervals for each level type (major, intermediate, minor).
Select unique colors, line thickness, and styles (solid, dashed, or dotted) to distinguish levels visually.
Non-Overlapping Levels:
Includes an option to prevent overlapping levels, ensuring a clean and organized chart.
Dynamic or Fixed Levels:
Levels adjust dynamically to the chart’s price range, making them suitable for various instruments and timeframes.
Benefits:
Enhances productivity by automating the process of marking psychological levels.
Offers a highly customizable and visually appealing solution for traders who rely on psychological levels in their trading strategies.
Helps traders quickly identify critical price zones and make informed decisions.
This tool is perfect for both beginner and experienced traders who want to streamline their workflow while maintaining a professional and systematic approach to technical analysis.
EMA with Supply and Demand Zones
The EMA with Supply and Demand Strategy is a trend-following trading approach that integrates Exponential Moving Averages (EMA) with supply and demand zones to identify potential entry and exit points. Below is a detailed description of its components and logic:
Key Components of the Strategy
1. EMA (Exponential Moving Average)
The EMA is used as a trend filter:
Bullish Trend: Price is above the EMA.
Bearish Trend: Price is below the EMA.
The EMA ensures that trades align with the overall market trend, reducing counter-trend risks.
2. Supply and Demand Zones
Demand Zone:
Represents areas where the price historically found support (buyers dominated).
Calculated using the lowest low over a specified lookback period.
Used for identifying potential long entry points.
Supply Zone:
Represents areas where the price historically faced resistance (sellers dominated).
Calculated using the highest high over a specified lookback period.
Used for identifying potential short entry points.
3. Trade Conditions
Long Trade:
Triggered when:
The price is above the EMA (bullish trend).
The low of the current candle touches or penetrates the most recent demand zone.
Short Trade:
Triggered when:
The price is below the EMA (bearish trend).
The high of the current candle touches or penetrates the most recent supply zone.
4. Exit Conditions
Long Exit:
Exit the trade when the price closes below the EMA, indicating a potential trend reversal.
Short Exit:
Exit the trade when the price closes above the EMA, signaling a potential upward reversal.
Visual Representation
EMA: A blue line plotted on the chart to show the trend.
Supply Zones: Red horizontal lines representing potential resistance levels.
Demand Zones: Green horizontal lines representing potential support levels.
These zones dynamically adjust to reflect the most recent 3 levels.
How the Strategy Works
Trend Identification:
The EMA determines the direction of the trade:
Look for long trades only in a bullish trend (price above EMA).
Look for short trades only in a bearish trend (price below EMA).
Entry Points:
Wait for price interaction with a supply or demand zone:
If the price touches a demand zone during a bullish trend, initiate a long trade.
If the price touches a supply zone during a bearish trend, initiate a short trade.
Risk Management:
The strategy exits trades if the price moves against the trend (crosses the EMA).
This ensures minimal exposure during adverse market movements.
Benefits of the Strategy
Trend Alignment:
Reduces counter-trend trades, improving the win rate.
Clear Entry and Exit Rules:
Combines price action (zones) with a reliable trend filter (EMA).
Dynamic Levels:
The supply and demand zones adapt to changing market conditions.
Customization Options
EMA Length:
Adjust to suit different timeframes or market conditions (e.g., 20 for faster trends, 50 for slower trends).
Lookback Period:
Fine-tune to capture broader or narrower supply and demand zones.
Risk/Reward Preferences:
Pair the strategy with stop-loss and take-profit levels for enhanced control.
This strategy is ideal for traders looking for a structured approach to identify high-probability trades while aligning with the prevailing trend. Backtest and optimize parameters based on your trading style and the specific asset you're tradin
Candle Pair Markerin a 5 minute time frame the identify two consecutive candles where the body of the first candle should be in side the high and low of the second candle and the body of the second candle should be inside the high and low of the first candle. draw a dotted line to mark the highiest high and lowest low of the couple candle. and calculate the difference between the two highest high and the lowest low and devide it by 2 and add this value to the highest high and subtract from the lowest low. and draw a green line on the high value and red line for the low value
