Vmoon By:VasmaVmoon Indicator by Vasma
Overview:
The Vmoon indicator is an advanced tool designed for trend following and momentum trading, uniquely combining the Average True Range (ATR) with a Double Exponential Moving Average (DEMA). Unlike standard indicators, Vmoon provides traders with a dual-layered approach to detect trend reversals and confirm momentum, making it a robust solution for identifying trading opportunities in various market conditions.
Key Features and Calculation Methodology:
Average True Range (ATR) Based Trend Detection:
ATR Period: The user can define the ATR period, with a default setting of 12 periods. This period is crucial for accurately measuring market volatility over the chosen timeframe.
ATR Multiplier: Set at a default of 3.0, the multiplier adjusts the ATR range to determine dynamic support and resistance levels, allowing the indicator to adapt to different market conditions.
Custom ATR Calculation Method: Traders can choose between a simple moving average of the true range or the built-in ATR method. This flexibility allows for personalized risk management and signal sensitivity.
Upper and Lower Bands: These bands are calculated by adding and subtracting the ATR value from the price (hl2 by default). The bands serve as dynamic thresholds—when price breaks above the upper band, it suggests an upward trend, and breaking below the lower band suggests a downward trend.
The Vmoon indicator doesn't just plot these bands; it dynamically adjusts them based on price action, providing a real-time, adaptive system for trend detection.
Innovative Trend Identification:
Real-Time Trend Tracking: The indicator monitors price movements relative to the ATR bands, continuously updating the trend direction. This allows for quick identification of trend changes, which is critical in volatile markets.
Trend Change Detection: Vmoon captures shifts from upward to downward trends (and vice versa) with precision, generating actionable buy or sell signals. This feature helps traders stay ahead of market reversals.
Double Exponential Moving Average (DEMA) Integration:
DEMA Calculation: The Vmoon indicator uses a 200-period DEMA, which is known for reducing lag and providing a faster reaction to price changes compared to traditional moving averages. This ensures that the indicator responds promptly to emerging trends.
Crossover-Based Momentum Confirmation: The indicator generates signals based on price crossovers with the 200-period DEMA:
Buy Signal: A green triangle appears when the price crosses above the DEMA, signaling potential bullish momentum.
Sell Signal: A red triangle is displayed when the price crosses below the DEMA, indicating possible bearish momentum.
The DEMA component of Vmoon offers a long-term perspective on market momentum, acting as a filter to confirm the strength and direction of the trend.
Customizable Alerts:
Vmoon includes fully customizable alert conditions, allowing traders to stay informed about critical market movements:
Buy Signal Alert: Notifies when the trend changes from downward to upward, indicating a potential buying opportunity.
Sell Signal Alert: Alerts when the trend shifts from upward to downward, signaling a possible selling point.
General Trend Change Alert: Keeps traders aware of any direction changes, helping them to react quickly to potential reversals.
How to Use Vmoon:
Dynamic Trend Following: Use the ATR-based upper and lower bands as dynamic support and resistance levels. Monitor for breakouts to identify trend reversals.
Momentum Confirmation with DEMA: Validate trend signals by watching for price crossovers with the 200-period DEMA, ensuring that the trend is supported by strong momentum.
Signal Interpretation: Act on the buy and sell signals displayed on the chart, supported by optional alerts, to make informed trading decisions in real time.
Enhanced Customization Options:
Adjustable ATR Settings: Modify the ATR period and multiplier to better align with your trading strategy and market conditions.
Selectable ATR Calculation Method: Choose the ATR method that best suits your risk tolerance and market analysis approach.
Configurable Signal Display: Tailor the indicator to show or hide buy/sell signals based on your preferences.
Personalized Alerts: Set alerts that match your specific trading needs, ensuring that you never miss a significant market move.
Visual Representation:
Vmoon provides a clear and concise visual representation on the chart, with distinct markers for buy and sell signals, dynamic ATR bands, and the 200-period DEMA. This visualization helps traders quickly interpret market conditions and make timely decisions.
Why Vmoon is Unique:
Vmoon stands out by integrating ATR-based dynamic thresholds with the reduced-lag DEMA, offering a comprehensive solution for trend identification and momentum confirmation. This combination is not commonly found in standard indicators, and the flexibility in customization ensures that Vmoon can be adapted to suit various trading strategies and market environments. The proprietary logic behind Vmoon’s signal generation, particularly in how it adjusts to market volatility, is what makes it both powerful and worthy of protection as a closed-source script.
Трендовый анализ
Configurable Level Trading StrategyThe Dynamic Level Reversal Strategy is a trading approach designed to capitalize on price movements between key support and resistance levels. This strategy leverages configurable levels the trader determines, allowing for flexibility and adaptation to different market conditions.
Key Features:
Configurable Levels:
The strategy uses three key levels: Level 1 (Support), Level 2 (Middle), and Level 3 (Resistance). These levels can be adjusted directly within the script settings, making the strategy adaptable to various trading scenarios.
Buy and Sell Signals:
A buy signal is triggered when the price touches Level 1 and shows signs of reversal. The trader enters a position and sets an initial stop-loss just below Level 1.
As the price moves upward, the stop-loss is dynamically adjusted to just below Level 2 and Level 3, locking in profits while managing risk.
A sell signal is generated if the price reverses and crosses below the current stop-loss level, ensuring the trader exits the position with minimized losses.
Iterative Process:
The strategy allows for iterative trades, where the trader re-enters positions at Level 1 or Level 2 if the price revisits these levels, continually adjusting stop-losses and take-profit targets as the price oscillates between the defined levels.
Ideal Use Cases:
Range-Bound Markets: The strategy is particularly effective in markets where the price tends to oscillate between well-defined support and resistance levels.
Volatile Markets: The dynamic adjustment of stop-loss levels helps protect against sudden price reversals, making it suitable for volatile market conditions.
How to Use:
Set the desired levels (Level 1, Level 2, Level 3) based on your market analysis.
The script will automatically generate buy and sell signals, and adjust stop-loss levels as the price moves through the levels.
Monitor the signals and execute trades according to the strategy's guidelines.
EMA 50 200 Multi-Scanner
EMA 50 200 Multi-Scanner: İndikatör Açıklaması ve Kullanım Kılavuzu
"EMA 50 200 Multi-Scanner" indikatörü, birden fazla kripto para çiftini farklı zaman dilimlerinde tarayan güçlü bir teknik analiz aracıdır. Bu indikatör, 50 periyotluk ve 200 periyotluk Üssel Hareketli Ortalamalar (EMA) arasındaki ilişkiyi analiz ederek, çeşitli zaman dilimlerinde potansiyel alım ve satım fırsatlarını tespit etmenizi sağlar. Hem kısa vadeli trendleri hem de uzun vadeli trendleri gözlemleyerek, piyasa koşullarına uygun stratejiler geliştirmenize yardımcı olur.
Ne İşe Yarar?
Trend Yönünü Belirleme: İndikatör, seçtiğiniz kripto para çiftlerinin her birinde 50 EMA ve 200 EMA arasındaki ilişkiyi analiz eder. Bu analiz, hem kısa vadeli hem de uzun vadeli trendlerin yönünü belirlemenize olanak tanır.
Zaman Dilimleri Arası Analiz: Farklı zaman dilimlerinde çalışabilen bu indikatör, günlük, saatlik, dakikalık gibi çeşitli periyotlarda trendleri ve fiyat hareketlerini incelemenizi sağlar. Bu, hem kısa vadeli ticaret fırsatlarını yakalamak hem de uzun vadeli yatırım kararlarını desteklemek için idealdir.
Alım/Satım Sinyalleri: İndikatör, fiyatın 50 EMA ve 200 EMA ile olan ilişkisini temel alarak alım ve satım sinyalleri üretir. Bu sinyaller, piyasa trendlerinden yararlanarak pozisyon açma veya kapama kararlarınızı destekler.
Dinamik Destek ve Direnç Seviyeleri: EMA seviyeleri, aynı zamanda dinamik destek ve direnç seviyeleri olarak kullanılabilir. Fiyatın bu seviyelere yaklaşması, potansiyel geri dönüş noktalarını veya trendin devamını işaret edebilir.
Nasıl Kullanılır?
İndikatör Ayarları:
EMA Uzunlukları: İhtiyacınıza göre 50 EMA ve 200 EMA'nın periyot uzunluklarını ayarlayabilirsiniz.
Renkler: EMA çizgilerinin rengini tercihinize göre özelleştirebilirsiniz.
Negatif Değerleri Gösterme: Fiyatın EMA seviyelerinin altında olduğu durumlarda negatif değerleri görmek isterseniz, bu özelliği aktif hale getirebilirsiniz.
Semboller: İndikatör, önceden tanımlanmış kripto para çiftleri üzerinde çalışır. Her bir sembol, seçtiğiniz zaman diliminde taranır ve sonuçlar gösterilir. Gereksinimlerinize göre bu sembolleri seçebilir veya çıkarabilirsiniz.
Zaman Dilimleri: İndikatör, TradingView platformundaki tüm zaman dilimlerinde çalışır. Bu, hem kısa vadeli hem de uzun vadeli yatırımcılar için esnek bir analiz olanağı sunar.
Al/Sat Sinyalleri:
Alım Sinyali: 50 EMA, 200 EMA'yı yukarı yönde kestiğinde ve fiyat bu kesişimin üzerinde olduğunda yeşil bir "BUY" etiketi ile gösterilir.
Satım Sinyali: 50 EMA, 200 EMA'yı aşağı yönde kestiğinde ve fiyat bu kesişimin altında olduğunda kırmızı bir "SELL" etiketi ile gösterilir.
"EMA 50 200 Multi-Scanner," çoklu zaman dilimlerinde ve kripto para çiftlerinde trend takibi yapmak isteyen yatırımcılar için etkili ve kullanımı kolay bir araçtır. Piyasa koşullarını daha iyi anlamak ve ticaret stratejilerinizi optimize etmek için bu indikatörü kullanabilirsiniz.
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The "EMA 50 200 Multi-Scanner" is a powerful technical analysis tool designed to scan multiple cryptocurrency pairs across different timeframes. This indicator analyzes the relationship between the 50-period and 200-period Exponential Moving Averages (EMA) to help you identify potential buying and selling opportunities across various timeframes. It enables you to observe both short-term and long-term trends, aiding in the development of market-appropriate strategies.
Purpose
Trend Direction Identification: The indicator analyzes the relationship between the 50 EMA and 200 EMA for each selected cryptocurrency pair, allowing you to determine the direction of both short-term and long-term trends.
Multi-Timeframe Analysis: This indicator can operate across different timeframes, such as daily, hourly, and minute-based periods, allowing you to examine trends and price movements in multiple contexts. It is ideal for capturing short-term trading opportunities and supporting long-term investment decisions.
Buy/Sell Signals: The indicator generates buy and sell signals based on the relationship between the price and the 50 EMA and 200 EMA. These signals support your decision-making process by highlighting opportunities to open or close positions based on market trends.
Dynamic Support and Resistance Levels: The EMA levels can also serve as dynamic support and resistance levels. When the price approaches these levels, it can indicate potential reversal points or trend continuations.
How to Use
Indicator Settings:
EMA Lengths: Adjust the period lengths of the 50 EMA and 200 EMA to suit your needs.
Colors: Customize the colors of the EMA lines according to your preferences.
Show Negative Values: If you want to see negative values when the price is below the EMA levels, you can enable this feature.
Symbols: The indicator works on predefined cryptocurrency pairs. Each symbol is scanned within the selected timeframe, and results are displayed. You can select or deselect symbols according to your requirements.
Timeframes: The indicator functions across all timeframes available on the TradingView platform, offering flexible analysis for both short-term and long-term traders.
Buy/Sell Signals:
Buy Signal: A green "BUY" label is shown when the 50 EMA crosses above the 200 EMA and the price is above this crossover.
Sell Signal: A red "SELL" label is shown when the 50 EMA crosses below the 200 EMA and the price is below this crossover.
The "EMA 50 200 Multi-Scanner" is an effective and user-friendly tool for traders looking to track trends across multiple timeframes and cryptocurrency pairs. You can use this indicator to gain a better understanding of market conditions and optimize your trading strategies.
Support line based on RSIThis indicator builds a support line using the stock price and RSI.
Inputs:
1. Time window for the RSI:
the time window the RSI is calculated with, usually it's 14 but in here I recommend 30.
2. offset by percentage:
just adding or subtructing some percentage of the result, some stocks need a bit of offset to work
3. stability:
the higher it is the less the RSI effects the graph. for realy high stability the indicator the the stock price will be realy close.
formula: (close*(100-newRSI)/50)*(100+offset)/100
when:
newRSI = (RSI + (50 * stability1))/(stability+1)
recommended usage:
Usually, if the indicator becomes higher than the price, (the price lowers). the stock will go up again to around the last price where they met.
so, for example, if the stock price was 20 and going down. while the indicator was 18 and going up, then they met at 19 and later the indicator became 20 while the stock fell to 18. most chances are that the stock will come back to 19 where they met and at the same time the indicator will also get to 19.
In stocks that are unstable, like NVDA. this indicator can be used to see the trend and avoid the unstability of the stock.
Historical Swing High-Low Gann IndicatorThe Historical Swing High-Low Gann Indicator is a powerful tool designed to track and visualize key market swing points over time. This indicator identifies significant swing highs and lows within a specified time frame and draws connecting lines between these points, allowing traders to observe the natural ebb and flow of the market.
What sets this indicator apart is its ability to maintain all previously drawn swing lines, creating a comprehensive historical view of market movements. Additionally, the indicator projects Gann-style lines from the most recent swing highs and lows, providing traders with potential future support and resistance levels based on the geometric progression of price action.
Features:
Swing Detection: Automatically detects significant swing highs and lows over a user-defined period (default is 3 hours).
Persistent Historical Lines: Keeps all previously drawn lines, offering a complete visual history of the market's swing points.
Gann-Style Projections: Draws forward-looking lines from the latest swing points to help predict possible future market levels.
Customizable Parameters: Allows users to adjust the swing detection period to suit different trading styles and time frames.
This indicator is ideal for traders who rely on price action, support and resistance levels, and Gann theory for their analysis. Whether used in isolation or as part of a broader strategy, the Historical Swing High-Low Gann Indicator provides valuable insights into the market's behavior over time.
Market Flow with Convergence🟪 Overview
The "Market Flow with Convergence" indicator leverages advanced volume metrics to accurately measure the underlying market pressure by analyzing the cumulative buying and selling volumes with the TICK index. This unique combination helps identify potential market reversals and trends, providing a comprehensive view of market flow. The indicator is particularly useful for those looking to capture convergence and divergence signals, crucial for making informed trading decisions.
🟪 Features
Volume-Based Convergence: Calculates the buying and selling pressures based on volume data, to produce color coded convergence. Visually represents areas where buying or selling pressures align.
Divergence Detection: Identifies and visually represents areas where buying and selling pressures diverge from each other, which can indicate key market turning points.
TICK Index: Incorporates data from the TICK index, normalizing and smoothing the cumulative data to highlight potential market reversals and trends.
Cumulative Flow Crossovers: Identifies and visually represents areas where buying and selling pressures crossover and become the dominant market flow.
Customizable Visualization: Uses conditional coloring and shapes to provide a clear, easy-to-interpret visual representation of the market state, making it easier to spot critical signals at a glance.
🟪 How it Works
Leveraging a combination of volume analysis and market breadth data, particularly the TICK index, to assess the underlying market pressure. By normalizing key market metrics, the indicator provides a clear view of buying and selling activity over time. The flow is standard across all charts, but convergence will change based on the charts ticker.
The indicator tracks and aggregates movements in the TICK index, allowing for an assessment of the market's cumulative momentum. This cumulative measure, combined with volume-based analysis, helps traders identify potential shifts in market trends, whether they be continuations or reversals.
The visual output of the indicator is designed to be intuitive and actionable. Key market conditions are highlighted through color-coded histograms and plot shapes, making it easy to interpret the data and apply it in real-time trading scenarios.
Understanding the Convergence Color Codes
Gray: represent periods of the markets lack of convergence, where neither buyers nor sellers have a decisive advantage. These conditions may indicate market indecision or a potential reversal point. The gray bars can also suggest a period of consolidation before a significant move.
Green: this indicates that buying pressure is greater than selling pressure, suggesting a bullish market condition. This is typically seen when the market may be trending upwards or when buyers are gaining control.
Red: signifies that selling pressure exceeds buying pressure, indicating a bearish market condition. This can be a signal that the market is trending downwards or that sellers are dominating the market.
Understanding Flow Crossovers
Green Dots: correspond to crossovers where the buying pressure (from the TICK) crosses above the selling pressure. This crossover often signals a potential upward move or a bullish market opportunity.
Red Dots: indicate a crossover where the selling pressure (from the TICK) crosses above the buying pressure. This crossover typically suggests a potential downward move or a bearish market signal.
🟪 Usage Examples
If the selling flow is consistently over buying and convergence is red, it indicates a strong and sustained bearish trend. This points to a potential downward move, with sellers predominantly in control.
When the buying flow is consistently over selling and convergence is green, it indicates a strong and sustained bullish trend. This can lead to a potential upward move, with buyers predominantly in control.
No convergence can mean it's time to be cautious. This could be a sign of market indecision, and it's often wise to wait for confirmation. This can lead to sideways market conditions or inverse of the current dominant flow.
🟪 Settings
This indicator does not require any user inputs as it automatically calculates the necessary data based on the ticker's price and volume information. It’s ready to use immediately upon application to any chart.
🟪 Limitations
This indicator is only works during the New York session of trading. It's flow values will not function outside of that trading session.
🟪 Conclusion
We believe in providing user-friendly tools to help speed up traders technical analysis and implement easy trading strategies. The "Market Flow with Convergence" offers a unique way to gauge prevailing market conditions, with simple visual cues for identifying trends.
🟪 Risk Disclaimer
All content, tools, scripts & education provided, are for informational & educational purposes only. Trading is risk and most lose their money, past performance does not guarantee future results.
Whaley Breadth Thrust IndicatorThe Whaley Breadth Thrust Indicator (WBT) is a momentum-based technical indicator designed to identify the strength of market trends. It measures the market's breadth by comparing advancing stocks to declining stocks, providing insights into whether a market is in a bullish, neutral, or bearish state. This script calculates the indicator based on the advancing and declining U.S. stocks; however, it can be expanded to other markets as well.
Breadth Thrust Ratio (BTR):
This is calculated as the ratio of advancing stocks to the total number of advancing and declining stocks.
Formula: BTR = Advances / (Advances + Declines + small_offset), where the small offset prevents division errors.
Smoothing:
The BTR is smoothed using a 3-period Exponential Moving Average (EMA) to reduce noise and highlight significant trends.
Thresholds:
0.30: Indicates a strongly bearish market.
0.40: A bearish threshold; crossing below suggests bearish momentum.
0.60: A bullish threshold; crossing above suggests bullish momentum.
0.70: Indicates a strongly bullish market.
Candle Fibs [QuantVue]The Candles Fib indicator is designed to help traders find potential levels of support and resistance based on ATR and Fibs.
How the Indicator Works
Identification of Large Candles:
🔹The indicator begins by identifying "large candles" based on their size relative to the Average True Range (ATR).
🔹 ATR (Average True Range) : ATR is a technical analysis indicator that measures market volatility by averaging the true range over a specified period, default 10 periods. The true range is the greatest of the following:
The difference between the current high and current low.
The difference between the previous close and the current high.
The difference between the previous close and the current low.
🔹In this script, a candle is considered "large" if its true range (the difference between the high and low) is at least twice the ATR.
Calculation of Fibonacci Levels:
🔹Once a large candle is identified, the indicator calculates key Fibonacci retracement levels based on the size of the candle.
🔹 Fibonacci Retracement : Fibonacci retracement levels are horizontal lines that indicate where support and resistance are likely to occur. These levels are derived from the Fibonacci sequence, a series of numbers where each number is the sum of the two preceding ones, often found in nature and markets.
🔹The most commonly used Fibonacci retracement levels are 0.382, 0.50, 0.618, and 0.786. In this indicator, the 0.50 and 0.618 levels are used.
Dynamic Plotting and Management of Levels:
🔹The indicator plots these Fibonacci levels as horizontal lines on the chart automatically.
🔹These lines extend as new bars (candlesticks) are formed, allowing the trader to see how the market reacts to these levels in real-time.
Give this indicator a BOOST and COMMENT your thoughts below!
We hope you enjoy.
Cheers!
Linear and Logarithmic Fibonacci Levels and FansIntroduction
The Fibonacci Retracement tool is a go-to for traders looking to spot potential support and resistance levels. By measuring the distance between swing highs and lows, you can apply Fibonacci ratios like 0.236, 0.382, and 0.618 to predict key market levels.
Traditionally, these levels are set by dividing this distance into equal parts—known as Linear Levels. A more refined approach, Logarithmic Levels, divides the distance into proportionally equal segments. Plus, this indicator now includes Fibonacci fans, adding another layer of analysis by projecting potential price levels using trendlines based on Fibonacci ratios.
This tool makes it easier to identify both Linear and Logarithmic levels while also leveraging Fibonacci fans for a more complete market view.
Applications
Logarithmic Levels and Fibonacci fans are ideal for volatile markets. In crypto, they’re especially effective for BTCUSDT (check out the wick from January 23, 2024). They also help spot accumulation and distribution patterns in high-volume altcoins like FETUSDT . In traditional markets, they’re useful for tracking stocks like TSLA and NVDA with extreme price swings, as well as indices in inflation-affected markets like XU100 , or recession-hit currency pairs like JPYUSD .
How to Use
This indicator is intuitive and similar to TradingView’s Fibonacci Tool. Select your reference levels (Level 1 and Level 0), then tweak the settings to customize your analysis, including adding Fibonacci fans for extra insights.
Why It’s Different
Unlike TradingView’s tool, which forces you to switch to a logarithmic scale (messing with other indicators and trend lines), this indicator lets you view both Linear and Logarithmic levels—and Fibonacci fans—without changing your chart’s scale. The original Fibonacci Code was derived from zekicanozkanli, modified and upgraded to plot fib fans as well.
Trading Desk - OPEN SOURCEThe Trading Desk - is a powerful tool designed to identify key market stages based on Break of Structure (BOS) patterns. This indicator tracks Bullish and Bearish Market Breaks (MBs) to determine four crucial market stages: Accumulation, Distribution, Reaccumulation, and Redistribution.
Accumulation: Identified when a series of Bullish MBs dominate the market, signaling a potential upward trend.
Distribution: Triggered by dominant Bearish MBs, indicating a possible market decline.
Reaccumulation: Occurs after a sequence of Bullish MBs is followed by up to three Bearish MBs, suggesting a continuation of the upward trend after a temporary pullback.
Redistribution: Appears when a sequence of Bearish MBs is followed by up to three Bullish MBs, indicating a potential continuation of the downward trend after a brief upward correction.
The indicator also includes a dynamic table displayed at the top right of the chart, showing the current market stage in real-time. This helps traders quickly assess the market environment and make informed trading decisions.
Ideal for: Traders looking to understand market structure and identify trend continuation or reversal phases.
Nautilus Oscillator [BigBeluga]NAUTILUS OSCILLATOR
The Nautilus Oscillator by BigBeluga is an advanced technical analysis tool designed to help traders identify trend direction, strength, and potential reversal points in the market. This versatile indicator combines multiple analytical elements to provide a comprehensive view of market conditions.
Why It’s Unique:
The Nautilus Oscillator is unique too, its blend of multiple technical analysis tools into a single, coherent indicator.
By smoothing with a unique and highly valued in signal processing filter, and incorporating dynamic thresholds, this oscillator offers a more refined and adaptable approach to identifying trading signals.
The filter is designed to have as flat a frequency response as possible in the passband. This means that within the range of frequencies it allows through, minimizes distortion and maintains the true shape of the signal more accurately than many other types of filters.
The addition of a trend filter and divergence detection further enhances its capability, making it a versatile tool for both trend-following and reversal strategies. The built-in dashboard and clean chart management features provide traders with a streamlined, informative, and visually appealing trading experience. This makes the Nautilus Oscillator not just a tool for analysis but a comprehensive trading system in itself.
🔵 KEY FEATURES
● Main Oscillator Line
Smoothly transitions between bullish (green) and bearish (purple) colors
Helps visualize mean-reversion, market trend, and momentum
● Histogram
Displayed below the main oscillator line
Represents the rate of change of the main oscillator
Acts as a leading indicator, often showing changes faster than the main oscillator line
Can be viewed as a predictive element, potentially indicating future movements of the main oscillator
Histogram crossover signals (small dots) can indicate short-term momentum shifts
Useful for early detection of potential trend changes or momentum shifts
● Confluence Arrows
Arrows displayed above and below the oscillator
Provide additional confluence signals that work in conjunction with the histogram
Act as supplementary indicators to confirm the main oscillator signals
Help in identifying stronger, more reliable trading opportunities when aligned with other indicator elements
● Trend Filter
Displayed as horizontal lines above and below the oscillator
Upper lines (above the oscillator): Indicate an uptrend
Lower lines (below the oscillator): Indicate a downtrend
Three lines appear when a strong trend is present
Only one line is displayed when there's no trend
Color-coded for easy identification (typically green for up, purple for down)
Color intensity indicates the strength of the trend. More intensive color indicates stronger trend
Provides a clear visual representation of the overall market trend
Helps traders align their strategies with the broader market direction
● Overbought/Oversold Thresholds
Can be set to static levels or dynamically adjust based on market volatility
Helps identify potential reversal points in the market
● Signals
Strong signals: Displayed as circles on both the oscillator and main chart (optional)
Simple signals: Shown as X marks on both the oscillator and main chart (optional)
Histogram crossover signals: Small dots on the histogram
● Stop Levels
Optional feature that plots potential stop-loss levels for strong signals
Based on the Market volatility for adaptability to different market conditions
● Divergences
Identifies and displays bullish and bearish divergences between price and the oscillator
Helps spot potential trend reversals
● Dashboard
Provides at-a-glance information about current market conditions
Displays trend direction, last signal, histogram direction, threshold mode, and divergence status
🔵 HOW TO USE
● Trend Identification
Use the main oscillator line color and position, along with the trend filter lines, to determine the overall market trend
● Entry Signals
Strong signals (circles) suggest potential entry points in the direction of the trend
Simple signals (X marks) can be used for more frequent, but potentially less reliable, entry opportunities
Histogram crossover signals (dots) can indicate changes faster than the main oscillator line
Look for alignment with confluence arrows for stronger entry signals
● Exit Signals
Use the overbought/oversold thresholds as potential enter and exit points
Stop levels (if enabled) provide dynamic exit points for risk management
● Reversal Identification
Watch for divergences between price and the oscillator for potential trend reversals
Pay attention to the histogram direction for early signs of momentum shifts
Notice changes in the trend filter lines (from three lines to one, or vice versa)
● Confirmation
Use the dashboard to quickly confirm the current market state and indicator readings
Combine signals from different elements (main line, histogram, trend filter, confluence arrows) for stronger confirmation
🔵 CUSTOMIZATION
The Nautilus Oscillator offers several customization options to suit different trading styles:
Adjust the main oscillator length
Set static or dynamic overbought/oversold thresholds
Enable/disable and customize stop levels
Toggle divergence display and adjust its parameters
Show/hide the information dashboard
Display simple signals on the main chart
By fine-tuning these settings, traders can adapt the Nautilus Oscillator to various market conditions and personal trading strategies.
The Nautilus Oscillator provides a multi-faceted approach to market analysis, combining trend identification, momentum assessment, and reversal detection in one comprehensive tool. Its visual cues and customizable features make it suitable for both novice and experienced traders across various timeframes and markets. The integration of multiple analytical elements – including the predictive histogram, confluence arrows, and adaptive trend filter – offers traders a rich set of data points to inform their trading decisions.
Market Waves [BigBeluga]MARKET WAVES
Market Waves The Market Waves [ BigBeluga ] is an all in one toolkit focusing on trends, accumulations and identifying market structures right on your chart. It is lightweight and powerful in its approaches, taking unique mathematical approaches to classical tools.
⬤ Signals
The Beluga Signals combine tested powerful ideas into a single tool. They are designed to follow trends and reduce noise in the market using low pass filtering methods. There are two types of signals founds in this toolkit; normal and power signals. Power signals are signals with a + in them indicating that the signal may be more likely to play out.
These are great when used in confluence with other trend following tools to filter them for even greater performance. Naturally traders will want to use these with confluence to confirm the trend identification.
The signals come with take profits built in. Ticks are placed on the chart indicating a potential areas to be taking profit. Using these as exits can be powerful especially when using confluence. Max Profit labels are also produced suggesting it really is the ideal time to be exiting the market before a reversal comes.
By leveraging unique low lag methods and filtering approaches, these signals offer a unique edge when compared to classical TSL such as a SuperTrend or PSAR.
⬤ Smooth Trend
The Smooth Trend (shown here with green and red shadows) also focuses on low lag noise filtering. This unique system is perfect when used for entries or as a filter. Users are able to adjust how fast or slow the trend is identified.
In the example above, we see a sell signal during the time the smooth trend is green. Therefore using confluence we can filter out the signal and proceed to take our power buy signal.
Percentages are also provided at the start of the trend. These indicate the probability this really is a new trend. In the image above we again see the trends are both labelled as 100% and the system is fully confident what we were seeing was indeed a trend reversal.
Although it may appear as a classical trend following tool, again it's uniqueness lies in its ability to locate market bottoms and respond to trends.
⬤ The Trend Accumulations
This feature focuses on elegant trend and range identification making trader's lives easier. By not cluttering the chart this system allows traders to see an asset's behavior without overlays.
Uptrends, downtrends and ranges are identified with uptrends showing with a green base line, downtrends with a red one and ranges/accumulations in blue. As shown in the image above; this is a powerful system to avoid trading ranges/chop in the market. We see a blue accumulation zone, this means the market is best to avoid. We then transition to a faint green suggesting the market is starting to move upwards.
Leveraging range detection techniques, this gives responsive market structure identification at a glance.
⬤ Voltix Bands
The Voltix Bands are a type of volatility-based band used to gauge market volatility and identify potential trading opportunities. These bands consist of two components: an upper band and a lower band. The distance between the bands fluctuates based on market volatility. When the market is highly volatile, the bands widen, and when volatility is low, the bands contract. They are unique as they uniquely apply distributions and weight volatility accordingly.
How to Use Voltix Bands:
When the price moves outside the Voltix Bands, it often signals a potential breakout. A close above the upper band may indicate the start of an upward trend, while a close below the lower band might signal the beginning of a downward trend.
Traders often use these breakout signals to enter trades in the direction of the breakout.
Detecting Overbought and Oversold Conditions:
When the price touches or moves beyond the upper Voltix Band, it can suggest that the market is overbought, indicating a potential reversal or pullback.
Conversely, when the price touches or drops below the lower Voltix Band, it may indicate an oversold condition, suggesting a possible price increase or trend reversal.
Volatility Contraction and Expansion:
Tightening Voltix Bands (when the bands contract) often precedes a significant price movement. This phenomenon is known as the "squeeze." When the bands tighten, it indicates a period of low volatility, and traders often anticipate an imminent breakout in either direction.
Widening Voltix Bands (when the bands expand) signal increasing volatility. Traders can use this as a cue to either ride the trend or be cautious of potential reversals.
Trend Following:
In trending markets, the price often stays close to the upper or lower band for extended periods. Traders can use this characteristic to follow the trend, staying long when the price is near the upper band and short when it is near the lower band. The bands also provide color coding and are green during an uptrend and purple during a downtrend.
⬤ Candle Coloring
1. Volume-Based Candle Coloring
Volume-based candle coloring mode changes the color of each candlestick according to the trading volume associated with that period. This method helps traders quickly identify periods of high or low market activity and understand the strength behind price movements.
How It Works:
High Volume: Candles are colored differently (red bearish, bright blue for bullish) when the trading volume is significantly higher than the average. This indicates strong buying or selling interest.
This mode is useful for identifying potential breakouts or fakeouts. For example, a price breakout accompanied by high volume suggests a strong move, while a breakout on low volume might indicate a lack of conviction, potentially leading to a false breakout.
2. Trend-Based Candle Coloring
Trend-based candle coloring mode changes the color of candlesticks depending on the current market trend, helping traders visually distinguish between bullish and bearish phases and neutral periods.
How It Works:
Bullish Trend: Candles are colored green when the price is in an uptrend.
Bearish Trend: Candles are colored red when the price is in a downtrend.
Usage:
This mode is beneficial for trend-following strategies, allowing traders to quickly assess the overall market direction and align their trades with the prevailing trend.
3. Momentum-Based Candle Coloring
In this momentum-based candle coloring mode, candlesticks are colored yellow for strong bullish momentum and pink for strong bearish momentum. This visual approach highlights the intensity of market movements, helping traders quickly identify prevailing momentum and potential trend shifts.
How It Works:
Strong Bullish Momentum (Yellow Candles):
Candles turn yellow when the market exhibits strong upward momentum. This might be triggered by a proprietary technique that detects when buying pressure is significantly driving prices higher, indicating that the market is experiencing robust bullish activity.
Yellow candles suggest that the price is likely to continue rising, and traders may look to capitalize on this momentum.
Strong Bearish Momentum (Pink Candles):
Candles turn pink when strong downward momentum is detected. The same technique identifies when selling pressure is dominant, pushing prices lower at a significant pace.
Pink candles indicate that bearish forces are strong, with the price likely to keep declining, making it a potential opportunity for short-selling or exiting long positions.
This color scheme is particularly beneficial for traders who prioritize momentum-based strategies. The clear distinction between strong bullish (yellow) and bearish (pink) momentum provides an instant visual cue, enabling quick decision-making.
Entering Trades:
Traders might choose to enter long positions when a series of yellow candles appears, indicating strong bullish momentum.
Alternatively, pink candles may signal an opportune moment to enter short positions, capturing the market's downward momentum.
Exiting Trades:
A shift from pink to yellow candles in a previously bearish trend could indicate a reversal, prompting traders to exit short positions.
The Market Waves toolkit is a powerful collection of unique and powerful tools. Please use DD when trading and always manage risk.
MM Market Range MapWhat this script does:
The purpose of this script is to help traders identify when the major sectors of the market are moving in one direction - also known as a "market trend day".
How this script works:
The indicator uses QQQ, SMH and NVDA to represent the technology side of the market, and XLF, XLV & IWM to represent everything else. It tracks where price is within the day's range for each of those symbols, and presents that data in a table and in also in a dot-based "map".
How to use this script:
Using the dot-based map, you can see if all symbols were ever at the highs or lows of their range together. You can use this information to decide which direction you should be trading (ie. with trend). For example, in order for there to be healthy bullish moves in the market, you would want this indicator to show you that all sectors are at the highs or trending in that direction.
What makes this script original:
Most indicators and even the TradingView watchlist measure the percent changed on the day from the closing price of a stock on the prior trading day, essentially telling you what sentiment is since yesterday. This script tells you the sentiment today since it is priced from the opening print. It also provides the map so you can see if they were ever at the highs or lows together throughout the day, which can be an early indicator that the market will trend.
Super Technical RatingsThis indicator, titled "Super Technical Ratings," is designed to provide a multi-timeframe technical analysis based on Moving Averages (MAs) and Oscillators. It offers a comprehensive view by evaluating the strength of buy and sell signals across multiple timeframes, displaying these evaluations both visually on the chart and in a table format.
I know that Technical Ratings is one of the most excellent indicators, but it’s also true that trends can often be misread due to the influence of other timeframes. Especially on shorter timeframes, there can be sudden price movements influenced by trends in longer timeframes. While it’s important to check other timeframes, switching between charts can be very cumbersome. I created this indicator with the hope of being able to check the Technical Ratings across multiple timeframes on a single screen. It goes without saying, I recommend displaying it as lines rather than histograms.
Key Features:
1. **Multi-Timeframe Analysis:**
- The indicator evaluates technical ratings on five different timeframes: 60 minutes, 240 minutes, 1 day, 1 week, and 1 month.
- Each timeframe is individually analyzed using a combination of Moving Averages and Oscillators, or either one depending on the user’s settings.
2. **Technical Ratings Calculation:**
- The ratings are based on the overall combination of MAs and Oscillators (`All`), MAs only, or Oscillators only, depending on the user's selection.
- The rating results are categorized into five statuses: "Strong Buy," "Buy," "Neutral," "Sell," and "Strong Sell."
3. **Table Display:**
- A table is generated on the chart to show the technical ratings for each timeframe. The table columns display the timeframe and the corresponding ratings for MAs, Oscillators, and their combination.
- The table cells are color-coded based on the rating, making it easy to quickly identify strong buy or sell signals.
4. **Graphical Plotting:**
- The indicator plots the technical rating signals for each timeframe on the chart. Different colors are used for each timeframe to help distinguish between them.
- Horizontal lines are plotted at 0, +0.5, and -0.5 levels to indicate key thresholds, making it easier to interpret the strength of the signals.
5. **Alert Conditions:**
- The indicator can trigger alerts when the technical rating crosses certain thresholds (e.g., moving from a neutral rating to a buy or sell rating).
- This helps users stay informed of significant changes in the market conditions.
Use Case:
This indicator is particularly useful for traders who want to see a consolidated view of technical ratings across multiple timeframes. It allows for a quick assessment of whether a security is generally considered a buy or sell across different time periods, aiding in making more informed trading decisions. The visual representation, combined with the color-coded table, provides an intuitive way to understand the current market sentiment.
zavaUnni-MTF_Volume-Based AnalysisThis Pine Script is designed for volume-based analysis across multiple timeframes. Users can select a specific timeframe, and based on the selected timeframe, the script calculates and projects key price levels such as potential highs and lows. The script also identifies significant buy and sell volumes, displaying them visually on the chart through lines and labels.
Key Points:
1.Timeframe Selection and Volume Analysis:
The script allows users to select a timeframe through an input field.
The selected timeframe is used as the basis for all subsequent volume and price calculations.
The core function vol_dir(string _TF) computes projected highs and lows based on volume data. This function determines whether the market is in a bullish or bearish phase by calculating the spread (spred) and its rate (spred_rate), and then averaging these over the selected timeframe.
2.Projected High and Low Calculation:
-Green Line: Represents the volume-based projected high for the selected timeframe (e.g., 1D).
This line acts as a key resistance level, and if the price reaches or exceeds this level, it serves as support.
-Red Line: Represents the volume-based projected low for the selected timeframe.
This line acts as a support level, and if the price reaches or falls below this level, it serves as resistance.
3.Price and Volume Indicators:
-Blue Line: Marks the previous 1D closing price, giving traders an additional reference point for recent price action.
-Green Dotted Line: Indicates the previous 1D projected high. This line serves as historical context for traders, showing where resistance was expected in the past.
-Red Dotted Line: Shows the previous 1D projected low, similarly providing historical support levels.
4.Trading Implications:
If the price breaks above the Green Line, it suggests strong bullish momentum, making short entries riskier.
Conversely, if the price drops below the Red Line, it indicates strong bearish momentum, where long entries should be avoided.
5.Volume Summation and Percentage Calculation:
The script tracks the buy and sell volumes over the selected timeframe, storing these in arrays.
It then calculates the total buy and sell volumes, along with their respective percentages of the total volume. These percentages help in assessing the relative strength of buyers versus sellers.
6.Visual Representation:
The script plots various lines representing the projected high, low, and real-time closing price.
Additionally, it uses the label function to display the buy and sell volume percentages directly on the chart.
A table is also generated at the bottom of the chart, summarizing the information for easy reference.
7.Dynamic Updates:
The script dynamically updates the projected lines and labels based on new data as it becomes available, ensuring that traders always have the latest insights.
The timeframe.change function triggers recalculations and updates the last high, low, and close values whenever the timeframe shifts.
Conclusion:
This script is a powerful tool for traders who rely on volume-based analysis to make informed decisions. By projecting key levels based on volume and price action, it helps identify critical support and resistance zones. The visual elements, including lines, labels, and tables, make it easier for traders to interpret the data and act accordingly. Whether trading intraday or on longer timeframes, this script provides a robust framework for assessing market conditions and planning trades
Market Oracle Plus [ChartPrime]ChartPrime Oracle Plus combines actionable, elegant and functional indicators into a single toolkit. It builds upon previously laid out creations in order to create a more advanced experience. Combinations of both trend following and contrarian logic aim to provide traders with a deeper insight into market movements; aiming to assist in better entries and exits.
Designed and created by the ChartPrime team, this toolkit takes deeper level theory and expresses it in a usable format for traders. ChartPrime Oracle Plus is designed to satisfy and cover major trading theories allowing the user to pick and select the features that fit them.
Trend signals, Prime Ranges and Quantum Reactor
When using any indicator suite it is important to understand these tools are there to assist trading rather than to be a single source of truth. Functionality such as Auto Maximization of parameters is there to guide and enhance user experience, however it is important to be aware of overfitting results.
Plus features:
ChartPrime Market Oracle Plus has introduced some unique additions in order to enhance traders’ experiences.
Custom Signals: Toolkits and signals often limit traders to a single algorithm. This reduces flexibility and adaptability in the market. Traders will often want to develop their own systems without the constraints of an existing one. Market Oracle Plus introduces a custom signals builder; taking components in the toolkit and allowing them to be combined into a single signal/alert. Want a signal when the trend changes with bullish candlestick patterns? With a few clicks this can now be enabled. Traders can also set alerts on their custom signals making automating trades easier than ever.
Custom signals labelled with a cross
The Quantum tools. Looking at the tiny in the market and making it clearer.
Quantum Bands: The quantum bands provide areas of highly likely reversals to occur by analysing market momentum and noise. They can be used classically and are comparable in application to the commonly used bollinger bands. When price finds itself inside a zone it is more likely to reverse. This is excellent when used in confluence with other reversal indicators. The reason these bands are unique is their ability to adapt to trending markets allowing not only reversals to be identified in ranging markets but also trending ones leveraging volatility calculations. They also enable the user to use MTF functionality to load bands from higher timeframes. This allows users to have a broader perspective of support and resistance levels in the market.
The quantum bands are powerful for scalpers who want faster entries and exits. Entering a trade on a bands extremity can give earlier entries and exiting on the touch of the opposing band can serve as a great take profit.
Quantum Bands bounce
Quantum Reactor: The quantum reactor is a custom weighted moving average analyzing trends in the market. Unlike another moving averages; weighting has been considered to account for ranging markets. The Reactor will turn gray in a ranging market to avoid chop allowing for filtering of trades. This offers a unique insight into price action. Classical moving averages will constantly attempt to re-adapt to a trend whereas the Reactor will avoid adaptation where it sees fit.
Filtering a ranging market
Features included & Use cases:
Signal Mode: Select the type of assistive signals you are requiring. Provided are both trend following signals with self optimization using backtest results as well as reversal signals, aiming to provide real time tops and bottoms in markets. Both these signal modes can be fine tuned using the tuning input to refine signals to a trader's liking. The ChartPrime Auto Maximizer will automatically apply a backtested parameter and display the "best performing signals" on your chart. It is important to note this is not indicative of future results. ChartPrime Trend Signals leverage audio engineering inspired techniques and low-pass filters in order to achieve and attempt to produce lower lag response times and therefore is designed to have a uniqueness when compared to more classical trend following approaches.
Candle Highlighting: Choose between a clean gradient or more classical red/green coloring. These color the candles to assist with trend identification.
ChartPrime Dashboard: This redesigned dashboard provides 4 simple to interpret metrics. Firstly, the Optimal Tuning box provides a backtested result giving you the most accurate input. Again, it is important to note this is not indicative of future results. A Prime Score is also provided. This metric is a collection of ChartPrime trend following indicators bundled into a single item. It ranges from 0 (being a very bearish trend) to 10 (being a very bullish trend). 5 would indicate a ranging market. A consolidation score is also provided showing how "ranging" the market is. 10 being a low volatility and consolidating market and 0 being a more volatile and trending market which can assist the trader in avoiding ranges (if undesired). Finally the market prophecy gives simple forecasts in text form giving outlooks on potential activity.
The unique bar based visualization makes it clearer than ever to quantify key metrics on your chart.
Additional Features:
The Dynamic Reactor provides a simple band passing through the chart. This can provide assistance in support and resistance locations as well as identifying the trend direction expressed via green and red colors. Taking a moving average and applying unique low lag adaptivity calculations gives this plot a unique and fast behavior. This gives a unique edge to standard high length moving averages.
The Prime Ranges provide VWAP inspired real time actionable ranges on your chart. These ranges provide support and resistance levels as well as coloring, once again, there to aid trend identification. By generating a distribution and projecting it we produce real time levels for traders.
Candlestick structures analyze candlestick formation putting a spin on classical candlestick patterns and provide the most relevant formations on the chart. These are not classical and are filtered by further analyzing market activity. A trader's classic with a spin.
The Prime Trend Assistant provides a trend following dynamic support and resistance level. This makes it perfect to use in confluence or as a filter for other supporting indicators. This is an adaptive trend following system designed to handle volatility leveraging filter kernels as opposed to low pass filters.
Settings:
Signal Mode: Drop down to select the types of signals wanted
Tuning: Integer input to adjust signal's responsiveness. Lower inputs result in more frequent signals being produced.
Auto Maximizer Toggle: Automatically apply a backtested parameter to the signals
Dashboard Size: Drop down to select the size of the dashboard
Dashboard Position: Change the location of the dashboard on your chart
Additional Features: A set of toggles turning on/off these indicators.
Example Usecases:
Trend based confluences:
ChartPrime Oracle Plus provides classical (all be-it self optimizing) trend based signals. When trading, taking into consideration other forms of confluences are crucial. Take the image below:
Here we see the quantum reactor being green suggesting the market was in an upwards trend. We then see a sell signal appear. Knowing that we were in a macro uptrend allows us to filter out signals that go against this. Albeit basic; understanding multi-level confluence is key.
Features such as the Prime Ranges have duplicate usecases whereby a trend can be identified via the color of the bands as well as providing TP/SL levels. Considering these assisting features is vital before entering a trade.
Contrarian trading methodologies:
Commonly; trading with a trending market is most well known. However; markets are just as susceptible to ranging behaviors. ChartPrime has designed this toolkit to cater to most market conditions. For example, finding confluence between reversal indicators such as our contrarian signals and the Quantum Band can provide for some very strong confluence that can help a trader attempt to enter at bottoms of retracements and achieve the best possible entries or exits.
Developing confluences as shown above can be key to a trader's success. It is important to avoid biases when looking at indicators and view the market as objectively as possible.
ChartPrime believes that there is no magic indicator that is able to print money. Indicator toolkits provide value via their convenience, adaptability and uniqueness. Combining these items can help a trader make more educated; less messy, more planned trades and in turn hopefully help them succeed.
Risk Disclaimer
All content and developments created by ChartPrime are purely for informational & educational purposes only. Past performance does not guarantee future results. Suggested usecases are theoretical.
ICT Balanced Price Range [TradingFinder] BPR | FVG + IFVG🔵 Introduction
The ICT Balanced Price Range (BPR) indicator is a valuable tool that helps traders identify key areas on price charts where a balance between buyers and sellers is established. These zones can serve as critical points for potential price reversals or continuations.
🟣 Bullish Balanced Price Range
A Bullish BPR forms when a buying pressure zone (Bullish FVG) overlaps with a Bullish Inversion FVG. This overlap indicates a high probability of price moving upwards, making it a crucial area for traders to consider.
🟣 Bearish Balanced Price Range
Similarly, a Bearish BPR is created when a selling pressure zone (Bearish FVG) overlaps with a Bearish Inversion FVG. This zone is often seen as a key area where the price is likely to move downward.
🔵 How to Use
🟣 Identifying the Balanced Price Range (BPR)
To identify the Balanced Price Range (BPR), you must first locate two Fair Value Gaps (FVGs) on the price chart. One FVG should be on the sell side, and the other on the buy side. When these two FVGs horizontally oppose each other, the area where they overlap is recognized as the Balanced Price Range (BPR).
This BPR zone is highly sensitive to price movements due to the combination of two FVGs, often leading to strong market reactions. As the price approaches this area, the likelihood of a significant market move increases, making it a prime target for professional traders.
🟣 Bullish Balanced Price Range (Bullish BPR)
To effectively trade using a Bullish BPR, begin by identifying a bullish market structure and searching for bullish Price Delivery Arrays (PD Arrays). Once the market structure shifts to bullish in a lower time frame, locate a Bullish FVG within the Discount Zone that overlaps with a Bearish FVG.
Mark this overlapping zone and wait for the price to test it before executing a buy trade. Alternatively, you can set a Buy Limit order with a stop loss below the recent swing low and target profits based on higher time frame liquidity draws.
🟣 Bearish Balanced Price Range (Bearish BPR)
For bearish trades, start by identifying a bearish market structure and look for bearish PD Arrays. After the market structure shifts to bearish in a lower time frame, identify a Bearish FVG within the Discount Zone that overlaps with a Bullish FVG. Mark this overlapping zone and execute a sell trade when the price tests it.
You can also use a Sell Limit order with a stop loss above the recent swing high and target profits according to higher time frame liquidity draws.
🔵 Settings
🟣 Global Settings
Show All Inversion FVG & IFVG : If disabled, only the most recent FVG & IFVG will be displayed.
FVG & IFVG Validity Period (Bar) : Determines the maximum duration (in number of candles) that the FVG and IFVG remain valid.
Switching Colors Theme Mode : Includes three modes: "Off", "Light", and "Dark". "Light" mode adjusts colors for light mode use, "Dark" mode adjusts colors for dark mode use, and "Off" disables color adjustments.
🟣 Display Settings
Show Bullish BPR : Toggles the display of demand-related boxes.
Show Bearish BPR : Toggles the display of supply-related boxes.
Mitigation Level BPR : Options include "Proximal", "Distal", or "50 % OB" modes, which you can choose based on your needs. The "50 % OB" line is the midpoint between distal and proximal.
Show Bullish IFVG : Toggles the display of demand-related boxes.
Show Bearish IFV G: Toggles the display of supply-related boxes.
Mitigation Level FVG and IFVG : Options include "Proximal", "Distal", or "50 % OB" modes, which you can choose based on your needs. The "50 % OB" line is the midpoint between distal and proximal.
🟣 Logic Settings
FVG Filter : This refines the number of identified FVG areas based on a specified algorithm to focus on higher quality signals and reduce noise.
Types of FVG filters :
Very Aggressive Filter : Adds a condition where, for an upward FVG, the last candle's highest price must exceed the middle candle's highest price, and for a downward FVG, the last candle's lowest price must be lower than the middle candle's lowest price. This minimally filters out FVGs.
Aggressive Filter : Builds on the Very Aggressive mode by ensuring the middle candle is not too small, filtering out more FVGs.
Defensive Filter : Adds criteria regarding the size and structure of the middle candle, requiring it to have a substantial body and specific polarity conditions, filtering out a significant number of FVGs.
Very Defensive Filte r: Further refines filtering by ensuring the first and third candles are not small-bodied doji candles, retaining only the highest quality signals.
🟣 Alert Settings
Alert Inversion FVG Mitigation : Enables alerts for Inversion FVG mitigation.
Message Frequency : Determines the frequency of alerts. Options include 'All' (every function call), 'Once Per Bar' (first call within the bar), and 'Once Per Bar Close' (final script execution of the real-time bar). Default is 'Once per Bar'.
Show Alert Time by Time Zone : Configures the time zone for alert messages. Default is 'UTC'.
Display More Info : Provides additional details in alert messages, including price range, date, hour, and minute. Set to 'Off' to exclude this information.
🔵 Conclusion
The ICT Balanced Price Range is a powerful and reliable tool for identifying key points on price charts. This strategy can be applied across various time frames and serves as a complementary tool alongside other indicators and technical analysis methods.
The most crucial aspect of utilizing this strategy effectively is correctly identifying FVGs and their overlapping areas, which comes with practice and experience.
Normalized Willspread IndicatorNot sure to call it as willspread or not, because i take this idea from Larry William's original willspread indicator and did some modifications which found out to be more effective in my opinion, which is by subtracting 21 and 3 ma, this indicator is found on Trade_Stocks_and_Commodities_With_the_Insiders page155. Feel free to find out.
Here's what I modified, instead of using the subtraction between two ma, I use one ma only, I find more accurate in spotting oversold and overbought value. This indicator is useful for metals. It basically compares the value between two assets, let's say u are watching gold, u can select compare it to dxy, us30Y or gold, let's say u choose to compare to dxy, and the indicator shows the the index is overvalued which is above 80 levels, then it is suggesting that gold is overvalued, the same logic apply to undervalued as well which is 20 levels. This is not a entry or exit tool but as additional confluence, u can use any entry method u want like supply and demand and use this indicator to validate your idea, not sure whether it works on forex or not, so far i think it works well on metals.
The bar colour corresponding to the index when it is overbought or oversold. U can switch off it if you dont need it. Do note that this is a repainting indicator, so u must refer to previous week close.
Multi-Step FlexiSuperTrend - Strategy [presentTrading]At the heart of this endeavor is a passion for continuous improvement in the art of trading
█ Introduction and How it is Different
The "Multi-Step FlexiSuperTrend - Strategy " is an advanced trading strategy that integrates the well-known SuperTrend indicator with a nuanced and dynamic approach to market trend analysis. Unlike conventional SuperTrend strategies that rely on static thresholds and fixed parameters, this strategy introduces multi-step take profit mechanisms that allow traders to capitalize on varying market conditions in a more controlled and systematic manner.
What sets this strategy apart is its ability to dynamically adjust to market volatility through the use of an incremental factor applied to the SuperTrend calculation. This adjustment ensures that the strategy remains responsive to both minor and major market shifts, providing a more accurate signal for entries and exits. Additionally, the integration of multi-step take profit levels offers traders the flexibility to scale out of positions, locking in profits progressively as the market moves in their favor.
BTC 6hr Long/Short Performance
█ Strategy, How it Works: Detailed Explanation
The Multi-Step FlexiSuperTrend strategy operates on the foundation of the SuperTrend indicator, but with several enhancements that make it more adaptable to varying market conditions. The key components of this strategy include the SuperTrend Polyfactor Oscillator, a dynamic normalization process, and multi-step take profit levels.
🔶 SuperTrend Polyfactor Oscillator
The SuperTrend Polyfactor Oscillator is the heart of this strategy. It is calculated by applying a series of SuperTrend calculations with varying factors, starting from a defined "Starting Factor" and incrementing by a specified "Increment Factor." The indicator length and the chosen price source (e.g., HLC3, HL2) are inputs to the oscillator.
The SuperTrend formula typically calculates an upper and lower band based on the average true range (ATR) and a multiplier (the factor). These bands determine the trend direction. In the FlexiSuperTrend strategy, the oscillator is enhanced by iteratively applying the SuperTrend calculation across different factors. The iterative process allows the strategy to capture both minor and significant trend changes.
For each iteration (indexed by `i`), the following calculations are performed:
1. ATR Calculation: The Average True Range (ATR) is calculated over the specified `indicatorLength`:
ATR_i = ATR(indicatorLength)
2. Upper and Lower Bands Calculation: The upper and lower bands are calculated using the ATR and the current factor:
Upper Band_i = hl2 + (ATR_i * Factor_i)
Lower Band_i = hl2 - (ATR_i * Factor_i)
Here, `Factor_i` starts from `startingFactor` and is incremented by `incrementFactor` in each iteration.
3. Trend Determination: The trend is determined by comparing the indicator source with the upper and lower bands:
Trend_i = 1 (uptrend) if IndicatorSource > Upper Band_i
Trend_i = 0 (downtrend) if IndicatorSource < Lower Band_i
Otherwise, the trend remains unchanged from the previous value.
4. Output Calculation: The output of each iteration is determined based on the trend:
Output_i = Lower Band_i if Trend_i = 1
Output_i = Upper Band_i if Trend_i = 0
This process is repeated for each iteration (from 0 to 19), creating a series of outputs that reflect different levels of trend sensitivity.
Local
🔶 Normalization Process
To make the oscillator values comparable across different market conditions, the deviations between the indicator source and the SuperTrend outputs are normalized. The normalization method can be one of the following:
1. Max-Min Normalization: The deviations are normalized based on the range of the deviations:
Normalized Value_i = (Deviation_i - Min Deviation) / (Max Deviation - Min Deviation)
2. Absolute Sum Normalization: The deviations are normalized based on the sum of absolute deviations:
Normalized Value_i = Deviation_i / Sum of Absolute Deviations
This normalization ensures that the oscillator values are within a consistent range, facilitating more reliable trend analysis.
For more details:
🔶 Multi-Step Take Profit Mechanism
One of the unique features of this strategy is the multi-step take profit mechanism. This allows traders to lock in profits at multiple levels as the market moves in their favor. The strategy uses three take profit levels, each defined as a percentage increase (for long trades) or decrease (for short trades) from the entry price.
1. First Take Profit Level: Calculated as a percentage increase/decrease from the entry price:
TP_Level1 = Entry Price * (1 + tp_level1 / 100) for long trades
TP_Level1 = Entry Price * (1 - tp_level1 / 100) for short trades
The strategy exits a portion of the position (defined by `tp_percent1`) when this level is reached.
2. Second Take Profit Level: Similar to the first level, but with a higher percentage:
TP_Level2 = Entry Price * (1 + tp_level2 / 100) for long trades
TP_Level2 = Entry Price * (1 - tp_level2 / 100) for short trades
The strategy exits another portion of the position (`tp_percent2`) at this level.
3. Third Take Profit Level: The final take profit level:
TP_Level3 = Entry Price * (1 + tp_level3 / 100) for long trades
TP_Level3 = Entry Price * (1 - tp_level3 / 100) for short trades
The remaining portion of the position (`tp_percent3`) is exited at this level.
This multi-step approach provides a balance between securing profits and allowing the remaining position to benefit from continued favorable market movement.
█ Trade Direction
The strategy allows traders to specify the trade direction through the `tradeDirection` input. The options are:
1. Both: The strategy will take both long and short positions based on the entry signals.
2. Long: The strategy will only take long positions.
3. Short: The strategy will only take short positions.
This flexibility enables traders to tailor the strategy to their market outlook or current trend analysis.
█ Usage
To use the Multi-Step FlexiSuperTrend strategy, traders need to set the input parameters according to their trading style and market conditions. The strategy is designed for versatility, allowing for various market environments, including trending and ranging markets.
Traders can also adjust the multi-step take profit levels and percentages to match their risk management and profit-taking preferences. For example, in highly volatile markets, traders might set wider take profit levels with smaller percentages at each level to capture larger price movements.
The normalization method and the incremental factor can be fine-tuned to adjust the sensitivity of the SuperTrend Polyfactor Oscillator, making the strategy more responsive to minor market shifts or more focused on significant trends.
█ Default Settings
The default settings of the strategy are carefully chosen to provide a balanced approach between risk management and profit potential. Here is a breakdown of the default settings and their effects on performance:
1. Indicator Length (10): This parameter controls the lookback period for the ATR calculation. A shorter length makes the strategy more sensitive to recent price movements, potentially generating more signals. A longer length smooths out the ATR, reducing sensitivity but filtering out noise.
2. Starting Factor (0.618): This is the initial multiplier used in the SuperTrend calculation. A lower starting factor makes the SuperTrend bands closer to the price, generating more frequent trend changes. A higher starting factor places the bands further away, filtering out minor fluctuations.
3. Increment Factor (0.382): This parameter controls how much the factor increases with each iteration of the SuperTrend calculation. A smaller increment factor results in more gradual changes in sensitivity, while a larger increment factor creates a wider range of sensitivity across the iterations.
4. Normalization Method (None): The default is no normalization, meaning the raw deviations are used. Normalization methods like Max-Min or Absolute Sum can make the deviations more consistent across different market conditions, improving the reliability of the oscillator.
5. Take Profit Levels (2%, 8%, 18%): These levels define the thresholds for exiting portions of the position. Lower levels (e.g., 2%) capture smaller profits quickly, while higher levels (e.g., 18%) allow positions to run longer for more significant gains.
6. Take Profit Percentages (30%, 20%, 15%): These percentages determine how much of the position is exited at each take profit level. A higher percentage at the first level locks in more profit early, reducing exposure to market reversals. Lower percentages at higher levels allow for a portion of the position to benefit from extended trends.
EMA Crossover Buy/Sell IndicatorScript Overview
This script is a trading indicator designed to identify potential buy and sell signals based on the crossover of two Exponential Moving Averages (EMAs):
Indicator Title and Setup:
The script is named "EMA Crossover Buy/Sell Indicator" and is plotted directly on the price chart.
EMAs Calculation:
It calculates two EMAs: a 20-period EMA and a 50-period EMA. These are used to analyze the market trends over different time frames.
Plotting EMAs:
The 20-period EMA is shown on the chart in blue.
The 50-period EMA is shown in orange.
These lines help visualize the current trend and potential points of interest where the moving averages intersect.
Generating Signals:
A buy signal is triggered when the 20-period EMA crosses above the 50-period EMA.
A sell signal is triggered when the 20-period EMA crosses below the 50-period EMA.
These signals suggest potential buying or selling opportunities based on the crossover of the EMAs.
Displaying Signals:
Buy signals are marked with green labels below the bars on the chart.
Sell signals are marked with red labels above the bars on the chart.
This visual representation helps traders quickly identify potential trading opportunities.
Alerts:
Alerts are set up to notify the trader when a buy or sell signal occurs.
The alert messages specify whether the signal is a buying opportunity or a selling opportunity based on the EMA crossovers.
Marcos Ruiz :Price Change Speed Descripción:
Este indicador en Pine Script está diseñado para analizar y visualizar dinámicamente la velocidad de los cambios de precio en un gráfico de TradingView. El indicador permite a los usuarios seleccionar diferentes tipos de medias móviles y fuentes de precios para calcular y mostrar el cambio porcentual en el precio durante un período especificado
Características:
Selección de Fuente de Precio: Elige entre cierre, apertura, alto, o bajo para los cálculos de precios
Tipos de Media Móvil: Selecciona entre SMA, WMA, EMA, HMA, o VWMA para determinar la media móvil utilizada en el cálculo de la velocidad promedio
Coloreado Dinámico: El color de la línea de la media móvil cambia según la velocidad de cambio de precio
Aumento de Velocidad: Cuando la velocidad del cambio de precio está aumentando, la media móvil se colorea según upColor definido por el usuario
Disminución de Velocidad: Cuando la velocidad está disminuyendo, la media móvil se colorea según downColor definido por el usuario
Posición Neutral: Coloreado adicional para escenarios donde el precio está por encima o por debajo de la media móvil, pero no cumple con las condiciones de aumento/disminución
Factor de Refuerzo: Ajusta la sensibilidad del cálculo del cambio de velocidad
Uso:
Parámetros de Entrada:
Define el Período para establecer la ventana de retroceso para calcular la velocidad
Elige la Fuente de Precio para determinar qué datos de precios usar
Selecciona el Tipo de Media Móvil y ajusta la Longitud de EMA para la comparación
Interpretación:
El indicador traza la media móvil seleccionada con colores dinámicos basados en la velocidad calculada del cambio de precio
Los cambios positivos y negativos en la velocidad se indican con diferentes colores, proporcionando una representación visual del momento y la fuerza de la tendencia del precio
Nota: Este script es el resultado de un desarrollo y pruebas extensivas. Se agradecen mucho sus comentarios y contribuciones
Description:
This Pine Script indicator is designed to dynamically analyze and visualize the speed of price changes on a TradingView chart. The indicator allows users to select different moving average types and price sources to compute and display the percentage change in price over a specified period
Features:
Price Source Selection: Choose from close, open, high, or low for price calculations
Moving Average Types: Select from SMA, WMA, EMA, HMA, or VWMA to determine the moving average used for computing average speed
Dynamic Coloring: The moving average line's color changes based on the speed of price change
Increasing Speed: When the price change speed is increasing, the moving average is colored according to the user-defined upColor
Decreasing Speed: When the speed is decreasing, the moving average is colored according to the user-defined downColor
Neutral Position: Additional coloring for scenarios where the price is above or below the moving average but not meeting the increase/decrease conditions
Reinforcement Factor: Adjusts the sensitivity of the speed change calculation
Usage:
Input Parameters:
Set the Period to define the lookback window for calculating speed
Choose the Price Source to determine which price data to use
Select the Moving Average Type and adjust the EMA Length for comparison
Interpretation:
The indicator plots the selected moving average with dynamic colors based on the calculated speed of price change
Positive and negative changes in speed are indicated by different colors, providing a visual representation of price momentum and trend strength
Note: This script is the result of extensive development and testing. Your feedback and contributions are highly appreciated
Hullinger Bands [AlgoAlpha]🎯 Introducing the Hullinger Bands Indicator ! 🎯
Maximize your trading precision with the Hullinger Bands , an advanced tool that combines the strengths of Hull Moving Averages and Bollinger Bands for a robust trading strategy. This indicator is designed to give traders clear and actionable signals, helping you identify trend changes and optimize entry and exit points with confidence.
✨ Key Features :
📊 Dual-Length Settings : Customize your main and TP signal lengths to fit your trading style.
🎯 Enhanced Band Accuracy : The indicator uses a modified standard deviation calculation for more reliable volatility measures.
🟢🔴 Color-Coded Signals : Easily spot bullish and bearish conditions with customizable color settings.
💡 Dynamic Alerts : Get notified for trend changes and TP signals with built-in alert conditions.
🚀 Quick Guide to Using Hullinger Bands
1. ⭐ Add the Indicator : Add the indicator to favorites by pressing the star icon. Adjust the settings to align with your trading preferences, such as length and multiplier values.
2. 🔍 Analyze Readings : Observe the color-coded bands for real-time insights into market conditions. When price is closer to the upper bands it suggests an overbought market and vice versa if price is closer to the lower bands. Price being above or below the basis can be a trend indicator.
3. 🔔 Set Alerts : Activate alerts for bullish/bearish trends and TP signals, ensuring you never miss a crucial market movement.
🔍 How It Works
The Hullinger Bands indicator calculates a central line (basis) using a simple moving average, while the upper and lower bands are derived from a modified standard deviation of price movements. Unlike the traditional Bollinger Bands, the standard deviation in the Hullinger bands uses the Hull Moving Average instead of the Simple Moving Average to calculate the average variance for standard deviation calculations, this give the modified standard deviation output "memory" and the bands can be observed expanding even after the price has started consolidating, this can identify when the trend has exhausted better as the distance between the price and the bands is more apparent. The color of the bands changes dynamically, based on the proximity of the closing price to the bands, providing instant visual cues for market sentiment. The indicator also plots TP signals when price crosses these bands, allowing traders to make informed decisions. Additionally, alerts are configured to notify you of crucial market shifts, ensuring you stay ahead of the curve.
Polynomial Regression Keltner Channel [ChartPrime]Polynomial Regression Keltner Channel
⯁ OVERVIEW
The Polynomial Regression Keltner Channel [ ChartPrime ] indicator is an advanced technical analysis tool that combines polynomial regression with dynamic Keltner Channels. This indicator provides traders with a sophisticated method for trend analysis, volatility assessment, and identifying potential overbought and oversold conditions.
◆ KEY FEATURES
Polynomial Regression: Uses polynomial regression for trend analysis and channel basis calculation.
Dynamic Keltner Channels: Implements Keltner Channels with adaptive volatility-based bands.
Overbought/Oversold Detection: Provides visual cues for potential overbought and oversold market conditions.
Trend Identification: Offers clear trend direction signals and change indicators.
Multiple Band Levels: Displays four levels of upper and lower bands for detailed market structure analysis.
Customizable Visualization: Allows toggling of additional indicator lines and signals for enhanced chart analysis.
◆ FUNCTIONALITY DETAILS
⬥ Polynomial Regression Calculation:
Implements a custom polynomial regression function for trend analysis.
Serves as the basis for the Keltner Channel, providing a smoothed centerline.
//@function Calculates polynomial regression
//@param src (series float) Source price series
//@param length (int) Lookback period
//@returns (float) Polynomial regression value for the current bar
polynomial_regression(src, length) =>
sumX = 0.0
sumY = 0.0
sumXY = 0.0
sumX2 = 0.0
sumX3 = 0.0
sumX4 = 0.0
sumX2Y = 0.0
n = float(length)
for i = 0 to n - 1
x = float(i)
y = src
sumX += x
sumY += y
sumXY += x * y
sumX2 += x * x
sumX3 += x * x * x
sumX4 += x * x * x * x
sumX2Y += x * x * y
slope = (n * sumXY - sumX * sumY) / (n * sumX2 - sumX * sumX)
intercept = (sumY - slope * sumX) / n
n - 1 * slope + intercept
⬥ Dynamic Keltner Channel Bands:
Calculates ATR-based volatility for dynamic band width adjustment.
Uses a base multiplier and adaptive volatility factor for flexible band calculation.
Generates four levels of upper and lower bands for detailed market structure analysis.
atr = ta.atr(length)
atr_sma = ta.sma(atr, 10)
// Calculate Keltner Channel Bands
dynamicMultiplier = (1 + (atr / atr_sma)) * baseATRMultiplier
volatility_basis = (1 + (atr / atr_sma)) * dynamicMultiplier * atr
⬥ Overbought/Oversold Indicator line and Trend Line:
Calculates an OB/OS value based on the price position relative to the innermost bands.
Provides visual representation through color gradients and optional signal markers.
Determines trend direction based on the polynomial regression line movement.
Generates signals for trend changes, overbought/oversold conditions, and band crossovers.
◆ USAGE
Trend Analysis: Use the color and direction of the basis line to identify overall trend direction.
Volatility Assessment: The width and expansion/contraction of the bands indicate market volatility.
Support/Resistance Levels: Multiple band levels can serve as potential support and resistance areas.
Overbought/Oversold Trading: Utilize OB/OS signals for potential reversal or pullback trades.
Breakout Detection: Monitor price crossovers of the outermost bands for potential breakout trades.
⯁ USER INPUTS
Length: Sets the lookback period for calculations (default: 100).
Source: Defines the price data used for calculations (default: HLC3).
Base ATR Multiplier: Adjusts the base width of the Keltner Channels (default: 0.1).
Indicator Lines: Toggle to show additional indicator lines and signals (default: false).
⯁ TECHNICAL NOTES
Implements a custom polynomial regression function for efficient trend calculation.
Uses dynamic ATR-based volatility adjustment for adaptive channel width.
Employs color gradients and opacity levels for intuitive visual representation of market conditions.
Utilizes Pine Script's plotchar function for efficient rendering of signals and heatmaps.
The Polynomial Regression Keltner Channel indicator offers traders a sophisticated tool for trend analysis, volatility assessment, and trade signal generation. By combining polynomial regression with dynamic Keltner Channels, it provides a comprehensive view of market structure and potential trading opportunities. The indicator's adaptability to different market conditions and its customizable nature make it suitable for various trading styles and timeframes.
