Volume Profile Segment Difference «NoaTrader»If you use volume profile, then you might have countered wanting to know a segment of the chart's volume profile relative to the whole volume profile. This indicator tries to solve that problem.
When you add it to the chart, first it asks you the start and end point of the segment you want, then it draws the whole chart's volume profile and shows the selected segments relative volume with a different color (blue default).
The default settings are good for a Bitcoin daily chart, so don't forget to change the settings for other symbols and timeframes.
Объем
SOFEX High-End Indicators + BacktestingBINANCE:BTCUSDT.P BINANCE:ETHUSDT.P
Introducing the first publicly available suite of indicators for Bitcoin and Ethereum by Sofex - the High-End Indicators & Backtesting System.
🔬 Trading Philosophy
The High-End Indicators & Backtesting system offers both trend-following and mean-reversal algorithms to provide traders with a deep insight into the highly volatile cryptocurrency markets, known for their market noise and vulnerability to manipulation.
With these factors in mind, our indicators are designed to sidestep most potentially false signals. This is facilitated further by the "middle-ground" time frame (1 Hour) we use. Our focus is on the two largest cryptocurrencies: Bitcoin and Ethereum , which provide high liquidity, necessary for reliable trading.
Therefore, we recommend using our suite on these markets.
The backtesting version of the Sofex High-End Indicators includes mainly trend-following indicators. This is because our trading vision is that volatility in cryptocurrency markets is a tool that should be used carefully, and many times avoided. Furthermore, mean-reversal trading can lead to short-term profits, but we have found it less than ideal for long-term trading.
The script does not aim to make a lot of trades, or to always remain in a position and switch from long to short. Many times there is no direction and the market is in "random walk mode", and chasing trades is futile.
Based on our experience, it is preferable if traders remain neutral the majority of the time and only enter trades that can be exited in the foreseeable future. Trading just for the sake of it ultimately leads to loss in the long-run.
Expectations of performance should be realistic.
We also focus on a balanced take-profit to stop-loss ratio. In the default set-up of the script, that is a 2% : 2% (1:1) ratio. A relatively low stop loss and take profit build onto our idea that positions should be exited promptly. There are many options to edit these values, including enabling trailing take profit and stop loss. Traders can also completely turn off TP and SL levels, and rely on opposing signals to exit and enter new trades.
Extreme scenarios can happen on the cryptocurrency markets, and disabling stop-loss levels completely is not recommended. The position size should be monitored since all of it is at risk with no stop-loss.
We take pride in presenting this comprehensive suite of trading indicators, designed for both manual and automated use. Although automated use leads to increased efficiency, traders are free to incorporate any of our indicators into their own manual trading strategy.
⚙️ Indicators
By default, all indicators are enabled for both Long and Short trades.
Extreme Trend Breakouts
The Extreme Trend Breakouts indicator seeks to follow breakouts of support and resistance levels, while also accounting for the unfortunate fact that false signals can be generated on these levels. The indicator combines trend-breakout strategies with various other volatility and direction measurements. It works best in the beginning of trends.
Underpinning this indicator are renowned Perry Kaufman's Adaptive Moving Averages (PKAMA) alongside our proprietary adaptive moving averages. These dynamic indicators adjust their parameters based on recent price movements, attempting to catch trends while maintaining consistent performance in the long run.
In addition, our modification of the TTM Squeeze indicator further enhances the Extreme Trend Breakouts indicator, making it more responsive, especially during the initial stages of trends and filtering of "flat" markets.
High-Volatility Trend Follower
The High-Volatility Trend Follower indicator is based around the logic of evading market conditions where volatility is low (choppy markets) and aggressively following confirmed trends. The indicator works best during strong trends, however, it has the downside of entering trades at trend tops or bottoms.
This indicator also leverages our proprietary adaptive moving averages to identify and follow high-volatility trends effectively. Furthermore, it uses the Average Directional Index, Aroon Oscillator, ATR and a modified version of VWAP, to categorize trends into weak or strong ones. The VWAP indicator is used to identify the monetary (volume) inflow into a given trend, further helping to avoid short-term manipulations.
Low-Volatility Reversal
The Low-Volatility Reversal aims at plugging the holes that trend-following indicators ignore. It specifically looks for choppy markets. Using proven concepts such as Relative Strength Index and volume measurements, among others, this indicator finds local tops and bottoms with good accuracy. It works best in choppy markets with low to medium volatility. It has a downside that all reversals have, losing trades at the end of choppy markets and in the beginning of big trends.
This indicator, like the others, employs PKAMA in conjunction with our proprietary adaptive moving averages, and an Average PSAR indicator to seek out "sideways" markets. Furthermore, Bollinger Bands with an adaptive basis line is used, with the idea of trading against the short-term trends by looking at big deviations in price movement. The above mentioned indicators attempt to catch local tops and bottoms in markets.
Adaptive Trend Convergence
The Adaptive Trend Convergence aims at following trends while avoiding entering positions at local bottoms and tops. It does so by comparing a number of adaptive moving averages and looking for convergence among them. Adaptive filtering techniques for avoiding choppy markets are also used.
This indicator utilizes our proprietary adaptive moving averages, and an Average Price Range indicator to identify trend convergence and divergence effectively, preventing false signals during volatile market phases. It also makes use of Bollinger Bands with an adaptive moving average basis line and price-action adjusted deviation. Contrasting to the Low-Volatility Reversal condition described above, the Bollinger Bands used here attempt to follow breakouts outside of the lower and upper bands.
Double-Filtered Channel Breakouts
The Double-Filtered Channel Breakouts indicator is made out of adaptive channel-identifying indicators. The indicator then follows trends that significantly diverge from the established channels. This aims at following extreme trends, where rapid, continuous movements in either direction occur. This indicator works best in very strong trends and follows them relentlessly. However, these strong trends can end in strong reversals, and the indicator can be stopped out on the last trade.
Our Double-Filtered Channel Breakouts indicator is built on a foundation of adaptive channel indicators. We've harnessed the power of Keltner Channels and Bollinger Band Channels, with a similar approach used in the Adaptive Trend Convergence indicator. The basis and upper/lower bands of the channels do not rely on fixed deviation parameters, rather on adaptive ones, based on price action and volatility. This combination seeks to identify and follows extreme trends.
Direction Tracker
The Direction Tracker indicator is made out of a central slower, adaptive moving average that clearly recognizes global, long-term trends. Combined with direction and range indicators, among others, this indicator excels at finding the long-term trend and ignoring temporary pullbacks in the opposite direction. It works best at the beginning and middle of long and strong trends. It can fail at the end of trends and on very strong historical resistance lines (where sharp reversals are common).
Our Direction Tracker indicator integrates an adaptive SuperTrend indicator into its core, alongside our proprietary adaptive moving averages, to accurately identify and track long-term trends while mitigating temporary pullbacks. Furthermore, it uses Average True Range, ADX and other volatility indicators to attempt to catch unusual moves on the market early-on.
📟 Parameters Menu
To offer traders flexibility, our system comes with a comprehensive parameter menu:
Preset Selection : Choose between Bitcoin or Ethereum presets to tailor the indicators to your preferred cryptocurrency market.
Global Signal Direction: Set the global signal direction as Long, Short, or Both, depending on your trading strategy.
Global Sensitivity Parameter : Adjust the system's sensitivity to adapt to different trend-following conditions, particularly beneficial during higher-strength trends.
Source of Signals : Toggle individual indicators on or off according to your preference. By default, all indicators are enabled. Customize the indicators to trade Long, Short, or Both, aligning them with your desired market exposure.
Confirmation of Signals : Set the minimum number of confirmed signals on the same bar, ensuring signals are generated only when specific confirmation criteria are met. The default value is one, and it can be adjusted for both Long and Short signals.
Exit of Signals : You have options regarding Take-Profit (TP) and Stop-Loss (SL) levels. Enable TP/SL levels to exit trades at predetermined levels, or disable them to rely on direction changes for exits. Be aware that removing stop losses can introduce additional risk, and position sizing should be carefully monitored.
By enabling Trailing TP/SL, the system switches to a trailing approach, allowing you to:
- Place an initial customizable SL.
- Specify a level (%) for the Trailing SL to become active.
- When the activation level is reached, the system moves the trailing stop by a given Offset (%).
Additionally, you can enable exit at break-even, where the system places an exit order when the trail activation level is reached, accounting for fees and slippage.
Alert Messages : Define the fields for alert messages based on specific conditions. You can set up alerts to receive email, SMS, and in-app notifications. If you use webhooks for alerts, exercise caution, as these alerts can potentially execute trades without human supervision.
Backtesting : Default backtesting parameters are set to provide realistic backtesting performance:
- 0.04% Commission per trade (for both entries and exits)
- 3 ticks Slippage (highly dependent on exchange)
- Initial capital of $1000
- Order size of $1000
While the order size is equal to the initial capital, the script employs a 2% stop-loss order to limit losses and attempts to prevent risky trades from creating big losses. The order size is a set dollar value, so that the backtesting performance is linear, instead of using % of capital which may result in unrealistic backtesting performance.
Risk Disclaimer
Please be aware that backtesting results, while valuable for statistical overview, do not guarantee future performance in any way. Cryptocurrency markets are inherently volatile and risky. Always trade responsibly and do not risk more than you can afford to lose.
VWAP Divergence | Flux ChartsThe VWAP Divergence indicator aims to find divergences between price action and the VWAP indicator. It uses filters to filter out many of the false divergences and alert high quality, accurate signals.
Red dots above the candle represent bearish divergences, while green dots below the candle represent bullish divergences.
The main filter for divergences focuses on ATR and the price movement in the past candles up to the lookback period. Divergences are determined when a price movement over the lookback period is sharp enough to be greater/less than the ATR multiplier multiplied by the ATR.
Settings
Under "Divergence Settings", both the lookback period and ATR multiplier can be adjusted.
Due to the nature of the calculations, the ATR multiplier and the lookback period should be set lower on higher time frames. As price movements become more averaged, for example on the 15 minute chart, sharp price movements happen less frequently and are often contained in fewer candles as they happen on lower time frames. Less volatile stocks such as KO, CL, or BAC should also use lower ATR multipliers and lower lookback periods.
Under "Visual Settings", you can change the color of the VWAP line, show alternating VWAP colors, adjust divergence signal size, and show the VWAP line.
Zaree - Bull & Bear Volume VoidThe "Zaree - Bull & Bear Volume Void" (BBVV) indicator is a versatile tool designed to help traders assess the dynamics of bull and bear power in the market, with a focus on volume-based analysis. This indicator offers a range of features that aid in identifying potential shifts in market sentiment and strength.
Details of the Indicator:
Volume Void Color Settings: This indicator allows you to customize the colors used for different conditions, such as strong bull areas, slowing bull areas, strong bear areas, and slowing bear areas. These colors play a crucial role in visualizing the indicator's output.
Volume Void Settings: The BBVV indicator provides options for selecting specific volume void functions, which include "Relative Volume Comparison," "Percentage of Average Volume," "Fixed Volume Threshold," "Volatility-Adjusted Volume," "Compare to Previous Volume Bars," "Volume Percentile Rank," and "Market Session Comparison." Each function has its own criteria for evaluating volume conditions.
Void Bull Sensitivity and Void Bear Sensitivity: These are key parameters in the settings. The values you choose for void bull sensitivity and void bear sensitivity will significantly impact the background color displayed by the indicator. Properly configuring these values is crucial for the indicator's effectiveness.
Moving Average Settings: You can specify the source and length of moving averages used in the indicator. This helps in smoothing out data and providing a clearer picture of bull and bear power.
Void Color Background Conditions: The indicator dynamically changes the background color of the chart based on the current market conditions. It takes into account bull and bear power, as well as the configured sensitivity levels to determine whether the market is in a strong or slowing bull/bear phase.
MACD and Signal Lines: The indicator also displays MACD and signal lines on the chart, helping traders identify potential bullish and bearish crossovers.
Histogram Bars: Histogram bars are used to represent the strength of bull and bear power. Above-zero bars indicate bullish strength, while below-zero bars indicate bearish strength.
How to Use the Indicator:
Begin by customizing the color settings for different market conditions to your preference.
Select a volume void function that aligns with your trading strategy and objectives.
Configure the void bull sensitivity and void bear sensitivity values carefully. These values should reflect your desired sensitivity to volume conditions.
Choose the source and length of moving averages based on your analysis requirements.
Pay attention to the background color of the chart. It will change dynamically based on the current market conditions, providing insights into the strength of bull and bear power.
Observe the MACD and signal lines for potential bullish or bearish crossovers, which can be used as additional confirmation signals.
Interpret the histogram bars to gauge the strength of bull and bear power.
Example of Usage:
As a swing trader with a focus on volume analysis, you can use the BBVV indicator to enhance your trading decisions. Here's an example of how you might use the indicator:
Select "Relative Volume Comparison" as the volume void function to assess volume relative to a simple moving average.
Configure void bull sensitivity and void bear sensitivity to match your risk tolerance and trading style.
Choose "SMA" as the moving average type with a suitable length.
Pay attention to the background color changes in the chart. Strong bull areas may indicate potential bullish opportunities, while strong bear areas may signal bearish conditions.
Monitor the MACD and signal lines for potential crossovers, aligning them with the background color to validate your trading decisions.
Use the histogram bars to assess the strength of bull and bear power, helping you gauge market sentiment.
Remember that the BBVV indicator is a valuable tool to complement your trading strategy. It provides insights into volume dynamics and market conditions, allowing you to make informed trading choices.
Be sure to adjust the indicator settings according to your trading preferences and always consider the broader market context in your analysis.
Supply and Demand Anchored [LuxAlgo]The Supply and Demand Anchored indicator is an anchored version of the popular Supply and Demand Visible Range indicator. Once adding the indicator to the chart, users need to manually select the starting and ending points for the indicator's calculation. The estimated supply/demand zones are then extended.
🔶 USAGE
The proposed indicator makes use of the same method highlighted in previous posts (see related scripts section below) to estimate supply and demand zones.
When adding the indicator to the chart, users will be prompted to select a starting and ending point for the calculation of the supply and demand zones, click on your chart to select those points.
Once calculated, each zone/level will be extended to the right of the chart. These can be used as support/resistance zones. Clicking on one of the graphical elements of the indicator or the indicator title will highlight the starting and ending calculation points, these can be dragged to be set at different locations.
🔶 SETTINGS
Threshold %: Percentage of the total visible range volume used as a threshold to set supply/demand areas. Higher values return wider areas.
Resolution: Determines the number of bins used to find each area. Higher values will return more precise results.
Intra-bar TF: Timeframe used to obtain intra-bar data.
🔶 RELATED SCRIPTS
Heuristic Bg Color Hodl/swing/scalp [Ox_kali]The "Heuristic BG Color Hodl/Swing/Scalp " is a multi-faceted technical indicator designed to aid traders across varying investment strategies such as long-term holding (Hodl), swing trading, and scalping. Optimized to run on a range of timeframes from seconds to months. Built upon an intricate layering of moving averages, market oscillators. The indicator displays a color range from light green to deep red, based on market conditions. This tool aims to provide an analytical edge by visualizing market conditions in a straightforward manner. Incorporating both trend-following and oscillatory components both trend-following and oscillating components to furnish a more rounded view of the market. Note that this indicator is best used in conjunction with other forms of market analysis and should not be solely relied upon for making trading decisions.
Key Features:
Multiple Moving Averages: Utilizes Fast and Slow MAs to identify trend momentum.
Modified RSI and MFI: Incorporates RSI and MFI to gauge overbought and oversold conditions.
Stoch RSI Indicator: Used to provide additional confirmation for trading signals.
Dynamic Background Color: Highlights potential Buy and Sell zones using background color for easier visual interpretation.
Alert Conditions: Trigger customizable alerts for Buy and Sell zones.
Functionality Analysis:
The script allows you to select the type and period for Fast and Slow moving averages. It uses these MAs to calculate an underlying trend momentum, further refined by a user-defined MA.
The RSI and MFI are used to identify overbought and oversold conditions calculated and smoothed over a user-defined period. The Stoch RSI gives an additional layer of confirmation, allowing traders to identify more reliable trading signals.
The script's main visual feature is the background color, which changes based on potential Buy and Sell zones. It provides two layers for each, enabling traders to understand the strength of the signal. Notably, the indicator is particularly optimized for identifying Buy Zones and is more functional for detecting Sell Zones when applied to larger timeframes.
Trading Application:
The "Heuristic BG Color Hodl/Swing/Scalp" indicator can adapt to various trading styles, from long-term investment to short-term trading. When the background turns green, it signifies a potential Buy Zone, ideal for entering long positions. Conversely, a red background indicates a Sell Zone, suggesting it may be a good time to exit positions or go short.
Traders can also utilize the alert conditions set within the script to receive real-time notifications, making it easier to capitalize on potential market opportunities.
Please note that the "Heuristic BG Color Hodl/Swing/Scalp" by Ox_kali is intended for educational purposes only and does not constitute financial advice. This indicator is not a guarantee of future market performance and should be used alongside proper risk management strategies. Ensure you fully understand the methodology and limitations of this indicator before making any trading decisions. Past performance is not indicative of future results.
AD's - Indecisive Candles, volume spikes, gapsThis script identifies price pivots, volume spikes (more than twice of 20 SMA vol) & gaps (both up & down)
Zanger Volume Profile ZVR v1This is an attempt to make a zanger volume profile indicator, it needs improvement and some sort of forward looking volume estimator.
Market Scanner Pro - NAS100/S&P500 [FxScripts]***** OVERVIEW *****
Market Scanner Pro is both a multi-functional indicator and market scanner combined. The combination allows you to have multiple eyes across the market, all from a single chart.
The scanner is comprised of an intuitively designed 3-in-1 tool that tracks the key metrics that drive markets. Each use advanced algorithms to gather information from multiple data points, distilled into one simplified view.
***** TREND SCANNER *****
The first indicator featured on the chart is the Trend Scanner, this allows you to track price action across the wider market. Instantly see pattern shifts and emerging trends; when the market moves, you move with it.
***** MOMENTUM SCANNER *****
The second is the Momentum Scanner which offers a realtime representation of momentum shifts as they occur. This allows you to monitor false breakouts and catch the moves that matter.
***** VOLUME SCANNER *****
The third is the Volume Scanner which provides unique insight into where buy and sell volume is being placed across the market. It offers a further way of determining entry and exit points or simply confirmation that a trend is underway.
***** HOW IT WORKS *****
1. The scanner surveys the market looking for strengths and weaknesses in Trend, Momentum or Volume.
2. It displays the underlying strength or weakness as a series of dots with up to 10 green dots showing strength and up to 10 red dots showing weakness.
3. Lighter colored dots are displayed where the strength of the trend, momentum or volume is lesser; if a dot is missing this is a sign of market neutrality.
4. All scanners have a sensitivity setting plus a volatility filter which can be adjusted according to your style of trading and the underlying instrument (full details below).
5. The background can be set to color-fill when the majority of dots are coloured either red or green, with higher values denoting greater strength or greater weakness.
6. Alerts can be configured in the same way as the background to provide both entry and exit signals (further details below).
***** INSTRUMENTS *****
Market Scanner Pro is made up of both a European and US indices scanner, both forming part of the same package.
European features the DAX40 and FTSE100; US (this scanner) features the NAS100 plus S&P500. The US scanner works on futures and options such as ES, NQ, QQQ, SPX and SPY.
***** SETTINGS OVERVIEW *****
The scanner features the following customizable settings:
~~ Trend Settings ~~
▶ Trend Filter - adjusting this will allow you to focus on short term trends (most suitable for scalping), medium or long term (best for swing trading).
▶ Countertrend Strength - increases the sensitivity of weaker vs stronger countertrends. As countertrends are trends that run against the main trend, this will assist in detecting the strength of a pullback or reversal and allow you to either hold, exit or reverse the trade with confidence.
~~ Momentum Settings ~~
▶ Momentum Filter - increase or decrease the sensitivity of the momentum scanner. Increase to avoid periods of low or weak momentum, decrease to highlight stronger surges in momentum.
~~ Volume Settings ~~
▶ Volume Filter - increase or decrease the sensitivity of the volume scanner. Increase to avoid periods where buy and sell volume can potentially cancel each other out.
~~ Volatility Settings ~~
▶ Volatility Offset - use this to fine tune the volatility filter. A higher value generally delays the volatility filter allowing for confirmation of stronger trends, a lower value will detect trend, momentum or volume movement sooner but may be less accurate.
▶ Each scanner has its own setting allowing you to adjust how you monitor the underlying volatility for each.
▶ As with all settings, we recommend adjusting this to your style of trading, instrument and timeframe.
~~ Alerts ~~
Alerts can be configured to send notifications when anything from 6-10 bullish or bearish dots are showing. Exit markers can be configured when anything from 2+ dots are revealed. This adds an extra layer of sensitivity for traders who appreciate complete control over their trade.
~~ Display Settings ~~
You have the ability to hide all colored dots and only show the background or, alternatively, hide the background and only show colored dots.
***** TRIAL PERIOD *****
We offer a FREE, no questions asked, 7-day trial with every new registration. Visit the link below to register.
Market Scanner Pro - DAX/FTSE [FxScripts]***** OVERVIEW *****
Market Scanner Pro is both a multi-functional indicator and market scanner combined. The combination allows you to have multiple eyes across the market, all from a single chart.
The scanner is comprised of an intuitively designed 3-in-1 tool that tracks the key metrics that drive markets. Each use advanced algorithms to gather information from multiple data points, distilled into one simplified view.
***** TREND SCANNER *****
The first indicator featured on the chart is the Trend Scanner, this allows you to track price action across the wider market. Instantly see pattern shifts and emerging trends; when the market moves, you move with it.
***** MOMENTUM SCANNER *****
The second is the Momentum Scanner which offers a realtime representation of momentum shifts as they occur. This allows you to monitor false breakouts and catch the moves that matter.
***** VOLUME SCANNER *****
The third is the Volume Scanner which provides unique insight into where buy and sell volume is being placed across the market. It offers a further way of determining entry and exit points or simply confirmation that a trend is underway.
***** HOW IT WORKS *****
1. The scanner surveys the market looking for strengths and weaknesses in Trend, Momentum or Volume.
2. It displays the underlying strength or weakness as a series of dots with up to 10 green dots showing strength and up to 10 red dots showing weakness.
3. Lighter colored dots are displayed where the strength of the trend, momentum or volume is lesser; if a dot is missing this is a sign of market neutrality.
4. All scanners have a sensitivity setting plus a volatility filter which can be adjusted according to your style of trading and the underlying instrument (full details below).
5. The background can be set to color-fill when the majority of dots are coloured either red or green, with higher values denoting greater strength or greater weakness.
6. Alerts can be configured in the same way as the background to provide both entry and exit signals (further details below).
***** INSTRUMENTS *****
Market Scanner Pro is made up of both a European and US indices scanner, both forming part of the same package.
European (this scanner) features the DAX40 and FTSE100; US features the NAS100 plus S&P500. The US scanner works on futures and options such as ES, NQ, QQQ, SPX and SPY.
***** SETTINGS OVERVIEW *****
The scanner features the following customizable settings:
~~ Trend Settings ~~
▶ Trend Filter - adjusting this will allow you to focus on short term trends (most suitable for scalping), medium or long term (best for swing trading).
▶ Countertrend Strength - increases the sensitivity of weaker vs stronger countertrends. As countertrends are trends that run against the main trend, this will assist in detecting the strength of a pullback or reversal and allow you to either hold, exit or reverse the trade with confidence.
~~ Momentum Settings ~~
▶ Momentum Filter - increase or decrease the sensitivity of the momentum scanner. Increase to avoid periods of low or weak momentum, decrease to highlight stronger surges in momentum.
~~ Volume Settings ~~
▶ Volume Filter - increase or decrease the sensitivity of the volume scanner. Increase to avoid periods where buy and sell volume can potentially cancel each other out.
~~ Volatility Settings ~~
▶ Volatility Offset - use this to fine tune the volatility filter. A higher value generally delays the volatility filter allowing for confirmation of stronger trends, a lower value will detect trend, momentum or volume movement sooner but may be less accurate.
▶ Each scanner has its own setting allowing you to adjust how you monitor the underlying volatility for each.
▶ As with all settings, we recommend adjusting this to your style of trading, instrument and timeframe.
~~ Alerts ~~
Alerts can be configured to send notifications when anything from 6-10 bullish or bearish dots are showing. Exit markers can be configured when anything from 2+ dots are revealed. This adds an extra layer of sensitivity for traders who appreciate complete control over their trade.
~~ Display Settings ~~
You have the ability to hide all colored dots and only show the background or, alternatively, hide the background and only show colored dots.
***** TRIAL PERIOD *****
We offer a FREE, no questions asked, 7-day trial with every new registration. Visit the link below to register.
Opportunity_SniperThis script is based on divergence situation related to momentum and price.
For this we have 4 strategies divergence calculation :
So user can choose which strategy will be applied on chart from input. one of them or all of them.
Also user can activate swing High ang swing Low be shown on chart.
Below explanation of strategy what is doing :
Strategy 1 or Strategy 2 script tracks the price and compares it with momentum indicators to detect positif and negative divergnce
While strategy 3, script monitors the momentum and compares it with the price to detect positif and negative divergnce
Finally strategy 4, script monitors the momentum and compares it with the volume to detect positif and negative divergnce
How to use or benefit from script:
For Long position :
Depending on whiche strategy you will choose, when the Div Buy stgx signal appears, this means the appearance of Divergence, which leads to the beginning of bull Buy Momentum.
Wait for the conf Buy signal to appear and confirm your long entry and put your Stop Loss below the last swing low candle
For short position :
Depending on whiche strategy you will choose, When the Div Sell stgx signal appears, this means that Divergence has appeared, which leads to the start of Bearish Sell Momentum.
Wait for the conf Sell signal to appear and confirm your short entry and put your Stop Loss above the last swing high candle
Disclaimer
The content within my Scripts, Indicators, Ideas, Algorithms, and Systems is not intended as financial advice or an invitation to trade or invest in any securities.
I disclaim liability for any losses or damages, including loss of profit, arising directly or indirectly from reliance on the information provided.
All investments entail risks, and past performance of securities, industries, sectors, markets,
financial products, trading strategies, backtests, or individual trading does not guarantee future outcomes or returns.
Traders bear full responsibility for their investment choices, predicated on their financial circumstances, objectives, risk tolerance, and liquidity requirements.
My Scripts, Indicators, Ideas, Algorithms, and Systems are purely for educational purposes!
Gold & Silver Scanner Pro [FxScripts]***** FEATURES *****
Gold & Silver Scanner Pro is both a multi-functional indicator and market scanner combined. The combination allows you to have multiple eyes across the market, all from a single chart.
The scanner is comprised of an intuitively designed 3-in-1 tool that tracks the key metrics that drive markets. Each use advanced algorithms to gather information from multiple data points, distilled into one simplified view.
***** TREND SCANNER *****
The first indicator featured on the chart is the Trend Scanner, this allows you to track price action across the wider market. Instantly see pattern shifts and emerging trends; when the market moves, you move with it.
***** MOMENTUM SCANNER *****
The second is the Momentum Scanner which offers a realtime representation of momentum shifts as they occur. This allows you to monitor false breakouts and catch the moves that matter.
***** VOLUME SCANNER *****
The third is the Volume Scanner which provides unique insight into where buy and sell volume is being placed across the market. It offers a further way of determining entry and exit points or simply confirmation that a trend is underway.
***** HOW IT WORKS *****
1. The scanner surveys the market looking for strengths and weaknesses in Trend, Momentum or Volume.
2. It displays the underlying strength or weakness as a series of dots with up to nine green dots showing strength and up to nine red dots showing weakness (nine data points in total).
3. Lighter colored dots are displayed where the strength of the trend, momentum or volume is lesser; if a dot is missing this is a sign of market neutrality.
4. All scanners have a sensitivity setting plus a volatility filter which can be adjusted according to your style of trading and the underlying instrument (full details below).
5. The background can be set to color-fill when the majority of dots are coloured either red or green, with higher values denoting greater strength or greater weakness.
6. Alerts can be configured in the same way as the background to provide both entry and exit signals (further details below).
***** INSTRUMENTS *****
Gold & Silver Scanner Pro works effortlessly with any of the XAG and XAU major or minor crosses:
XAGAUD, XAGCHF, XAGEUR, XAGGBP, XAGJPY, XAGUSD, XAUAUD, XAUCHF, XAUEUR, XAUGBP, XAUJPY, XAUUSD
Plus the following gold and silver futures:
GC, SI
***** SETTINGS OVERVIEW *****
The scanner features the following customizable settings:
~~ Trend Settings ~~
▶ Trend Filter - adjusting this will allow you to focus on short term trends (most suitable for scalping), medium or long term (best for swing trading).
▶ Countertrend Strength - increases the sensitivity of weaker vs stronger countertrends. As countertrends are trends that run against the main trend, this will assist in detecting the strength of a pullback or reversal and allow you to either hold, exit or reverse the trade with confidence.
~~ Momentum Settings ~~
▶ Momentum Filter - increase or decrease the sensitivity of the momentum scanner. Increase to avoid periods of low or weak momentum, decrease to highlight stronger surges in momentum.
~~ Volume Settings ~~
▶ Volume Filter - increase or decrease the sensitivity of the volume scanner. Increase to avoid periods where buy and sell volume can potentially cancel each other out.
~~ Volatility Settings ~~
▶ Volatility Offset - use this to fine tune the volatility filter. A higher value generally delays the volatility filter allowing for confirmation of stronger trends, a lower value will detect trend, momentum or volume movement sooner but may be less accurate.
▶ Each scanner has its own setting allowing you to adjust how you monitor the underlying volatility for each.
▶ As with all settings, we recommend adjusting this to your style of trading, instrument and timeframe.
~~ Alerts ~~
Alerts can be configured to send notifications when anything from 5-9 bullish or bearish dots are showing. Exit markers can be configured when anything from 2+ dots are revealed. This adds an extra layer of sensitivity for traders who appreciate complete control over their trade.
~~ Display Settings ~~
You have the ability to hide all colored dots and only show the background or, alternatively, hide the background and only show colored dots.
***** TRIAL PERIOD *****
We offer a FREE, no questions asked, 7-day trial with every new registration. Visit the link below to register.
Crypto Scanner Pro [FxScripts]***** FEATURES *****
Crypto Scanner Pro is both an indicator and market scanner combined. The combination allows you to have multiple eyes across the market, all from a single chart.
Each scanner is comprised of an intuitively designed 3-in-1 tool that tracks the key metrics that drive markets.
They each use advanced algorithms to gather information from multiple data points, distilled into one simplified view.
***** TREND SCANNER *****
The Trend Scanner allows you to track price action across the wider market. Instantly see pattern shifts and emerging trends; when the market moves, you can move with it.
***** MOMENTUM SCANNER *****
The Momentum Scanner offers realtime insights into momentum shifts as they occur. This allows you to monitor false breakouts and catch the moves that matter.
***** VOLUME SCANNER *****
The Volume Scanner provides unique indications into where buy and sell volume is being placed. It offers a further way of determining entry and exit points or simply confirmation that a trend is underway.
***** INSTRUMENTS *****
Crypto Scanner Pro works effortlessly with the following large cap coins:
Avalanche, Bitcoin Cash, Bitcoin, BITO, BNB, Cardano, Chainlink, Dogecoin, Ethereum, Litecoin, Polkadot, Polygon, Shiba Inu, Solana, Stellar, Toncoin, XRP (Ripple) *
***** SETTINGS OVERVIEW *****
The scanner features the following customizable settings:
~~ Trend Settings ~~
Trend Filter - adjusting this will allow you to focus on short term trends (most suitable for scalping), medium or long term (best for swing trading).
Countertrend Strength - increases the sensitivity of weaker vs stronger countertrends. As countertrends are trends that run against the main trend, this will assist in detecting the strength of a pullback or reversal and allow you to either hold, exit or reverse the trade with confidence.
~~ Momentum Settings ~~
Momentum Filter - increase or decrease the sensitivity of the momentum scanner. Increase to avoid periods of low or weak momentum, decrease to highlight stronger surges in momentum.
~~ Volume Settings ~~
Volume Filter - increase or decrease the sensitivity of the volume scanner. Increase to avoid periods where buy and sell volume can potentially cancel each other out.
~~ Volatility Settings ~~
Volatility Offset - use this to fine tune the volatility filter. A higher value generally delays the volatility filter allowing for confirmation of stronger trends, a lower value will detect trend, momentum or volume movement sooner but may be less accurate.
Each scanner has its own setting allowing you to adjust how you monitor the underlying volatility for each.
As with all settings, we recommend adjusting this to your style of trading, instrument and timeframe.
~~ Alerts ~~
Alerts can be configured to send notifications when anything from 6-10 bullish or bearish dots are showing. Exit markers can be configured when anything from 2+ dots are revealed. This adds an extra layer of sensitivity for traders who appreciate complete control over their trade.
~~ Display Settings ~~
You have the ability to hide all colored dots and only show the background or, alternatively, hide the background and only show colored dots.
***** TRIAL PERIOD *****
We offer a FREE, no questions asked, 7-day trial with every new registration. Visit the link below to register.
* list subject to change as coins increase or decrease in popularity
Pump and Dump ProbabilityThe "Pump and Dump Probability" indicator is designed to provide traders with a probability score to detect potential pump and dump schemes in the market. It doesn't guarantee that a pump and dump will happen but offers a quantified metric to analyze suspicious trading activity. It evaluates four critical conditions, each contributing up to 25 points to the overall probability score. The conditions are:
Volume Surge: This assesses the current volume against a short-term moving average of the volume. A surge in volume can sometimes indicate the "pump" phase where the price is artificially inflated.
Price Acceleration: By comparing short-term price changes to longer-term changes, the script identifies unnatural accelerations in price that might not be backed by genuine market sentiment.
Moving Average Deviation: In regular market conditions, prices tend to hover around their moving averages. Large deviations, especially in the absence of significant news or events, can be suspicious.
RSI Overbought Condition: Extremely high RSI values can suggest overbought conditions. When combined with other signs, it can contribute to the suspicion of a pump and dump.
Usage:
Probability Score: The primary output of this script is a score ranging from 0 to 100. A score closer to 100 indicates a higher probability of pump and dump activity.
Threshold Levels: A max probability level at 100 (red) and a min probability level at 0 (green) are plotted for reference.
Parameters:
The script allows users to customize:
RSI Period: To adjust the sensitivity of the RSI calculation.
Extreme RSI Overbought Level: The RSI threshold for considering a market overbought.
Volume Multiplier: Define what constitutes a volume "surge" by setting this multiplier.
Short & Long Term Periods: These are for calculating price acceleration and setting the duration of the moving averages.
Charting:
The script outputs a clean and straightforward graph showing the probability score. The score itself is plotted in blue, with two horizontal reference lines at 0 (green) and 100 (red) to quickly assess the relative position of the current probability score.
Note:
While individual components (like RSI or volume analysis) are well-established in trading, our script's originality lies in its composite approach. Each indicator by itself might not be decisive, but when they converge, the likelihood of a pump and dump scenario increases. This integrated methodology offers a nuanced perspective that's more than the sum of its parts.
It's essential to remember that this script doesn't guarantee a pump and dump situation but merely quantifies specific market conditions that might indicate one. Always conduct thorough research and due diligence when using this or any other trading tool.
Market Manipulation DetectorThe Market Manipulation Detector (MMD) is a technical tool designed to identify potential market manipulation attempts. The detector is based on a combination of heuristic techniques that may indicate intentional, non-fundamental movements in a market, potentially led by large entities or "whales".
Key Components:
Pump and Dump Detection: Identifies abnormal price and volume spikes that are indicative of a classic pump and dump.
Price Gap & Volume Correlation: Pinpoints gaps in price that aren't backed by a significant change in volume, indicating potential manipulative intent.
RSI Divergence with Volume: Captures instances where price action diverges from RSI, but volume does not support the divergence, indicating it might be artificially driven.
Whale Watcher: Watches for volume levels that significantly exceed the average, suggesting potential whale activity.
Heuristics:
Volume Spike: When the current volume exceeds the average volume by a multiplier, it may indicate unusual activity.
Price Spike: Unusually large candlesticks, in terms of price movement, can be indicative of potential manipulation.
Gap Without Volume: If the price jumps significantly without a corresponding rise in volume, it could be a sign of artificial movement.
RSI Bullish/Bearish Divergence: This is when the price moves in one direction (e.g., down) but the RSI moves in the opposite direction (e.g., up), and the volume does not support this divergence.
Whale Volume: When the current volume is exceedingly higher than the average, indicating possible large entity trades.
Visualization:
Dots on the chart: These represent potential manipulation events. Green dots signify bullish manipulation attempts, while red dots signify bearish ones.
Histogram: Offers a quick view of the manipulation score. It plots either 0 (no manipulation detected) or 100 (manipulation detected).
Important Note:
While MMD is a powerful tool, it's essential to remember that no indicator is infallible. The detector identifies patterns that could be indicative of market manipulation, but false positives can occur. Therefore, it's crucial to use this tool in conjunction with other technical indicators, fundamental analysis, and sound risk management strategies.
Volume Delta Trailing Stop [LuxAlgo]The ' Volume Delta Trailing Stop ' indicator uses Lower Time Frame (LTF) volume delta data which can provide potential entries together with a Volume-Delta based Trailing Stop-line .
🔶 USAGE
Our 'Volume Delta Trailing Stop' script can show potential entries/Stop Loss lines
A trigger line needs to be broken before a position is taken, after which a Volume Delta-controlled Trailing Stop-line is created:
🔶 DETAILS
🔹 Volume rises when bought or sold
🔹 When the opening price appears on the chart, a buy/sell order has been executed.
If that order is less than the available supply of that particular price, volume will rise, without moving the price.
🔹 When the opening price is the same as the closing price, the volume of that bar can be seen as "neutral volume" (nV); nor "up", nor "down" volume.
Example
A buy order doesn't fill the first available supply in the order book. This price will be the opening price with a certain volume.
When at closing time, price still hasn't moved (the first available supply in the order book isn't filled, or no movement downwards),
the closing price will be equal to the opening price, but with volume. This can be seen as "neutral volume (nV)".
🔹 Delta Volume (ΔV): this is "up volume" minus "down volume"
🔹 Standard volume is colored red when closing price is lower than opening price ( = "down volume").
🔹 Standard volume is colored green when closing price is higher OR equal (nV) than opening price ( = "up volume").
🔹 Neutral Volume
The "Neutral-Volume" is considered "Up-Volume" - setting will dictate whether nV is considered as green 'buy' volume or not.
🔶 EXAMPLE
29 July 10:00 -> 10:05, chart timeframe 5 minutes, open 29311.28, close 29313.89
close > open, so the volume (39.55) is colored green ("up volume").
(The Volume script used in the following examples is the open-source publication Volume Columns w. Alerts (V) from LucF )
Let's zoom to the 1-minute TF:
The same period is now divided into more bars, volume direction (color) is dependable on the difference between open and close.
Counting up and down volume gives a more detailed result, it remains in an upward direction though):
(ΔV = +15.51)
Let's further zoom in to the 1-second TF:
The same period is now divided into even more bars (more possibility for changing direction on each bar)
Here we see several bars that haven't moved in price, but they have volume ("neutral" volume).
(neutral volume is coloured light green here, while up volume is coloured darker green)
When we count all green and red volume bars, the result is quite different:
(ΔV = -0.35)
In total more volume is found when price went downwards, yet price went up in these 5 minutes.
-> This is the heart of our publication, when this divergence occurs, you can see a barcolor changement:
• orange: when price went up, but LTF Volume was mainly in a downward direction.
• blue: when price went down, but LTF Volume was mainly in an upwards direction.
When we split the green "up volume" into "up" and "neutral", the difference is even higher
(here "neutral volume" is colored grey):
(ΔV = -12.76; "up" - "down")
🔶 CONCEPTS
bullishBear = current bar is red but LTF volume is in upward direction -> blue bar
bearishBull = current bar is green but LTF volume is in downward direction -> orange bar
🔹 Potential positioning - forming of Trigger-line
When not in position, the script will wait for a divergence between price and volume direction. When found, a Trigger-line will appear:
• at high when a blue bar appears ( bullishBear ).
• at low when an orange bar appears ( bearishBull ).
Next step is when the Trigger-line is broken by close or high/low (settings: Trigger )
Here, the closing price went under the grey Trigger-line -> bearish position:
🔹 Trailing Stop-line
When the Trigger-line is broken, the Trailing Stop-line (TS-line) will start:
• low when bullish position
• high when bearish position
You can choose (settings -> Trigger -> Close or H/L ) whether close price or high/low should break the Trigger-line
When alerts are enabled ("Any alert() function call"), you'll get the following message:
• ' signal up ' when bullish position
• ' signal down' when bearish position
After that, the TS-line will be adjusted when:
• a blue bullishBear bar appears when in bullish position -> lowest of {low , previous blue bar's high or orange bar's low}
• an orange bearishBull bar appears when in bearish position -> highest of {high, previous blue bar's high or orange bar's low}
When alerts are enabled ("Any alert() function call"), and the TS-line is broken, you'll get the following message:
• ' TS-line broken down ' when out bullish position
• ' TS-line broken up ' when out bearish position
🔹 Reference Point
Default the direction of price will be evaluated by comparing closing price with opening price.
When open and close are the same, you'll get "neutral volume".
You can use "previous close" instead (as in built-in volume indicator) to include gaps.
If close equals open , but close is lower than previous close , it will be regarded as " down volume ",
similar, when close is higher than previous close , it will be regarded as " up volume "
Note, the setting applies for the current timeframe AND Lower timeframe:
Based on: " open " (close - open)
Based on: " previous close " (close - previous close)
🔹 Adjustment
When the TS-line changes, this can be adjusted with a percentage of price , or a multiple of " True Range "
Default (Δ line -> Adjustment - 0)
Δ line -> Adjustment 0.03% (of price)
Δ line -> Mult of TR (10)
🔶 SETTINGS
🔹 LTF: choose your Lower TimeFrame: 1S (seconds), 5S, 10S, 15S, 30S, 1 minute)
🔹 Trigger: Choose the trigger for breaking the Trigger-line ; close or H/L (high when bullish position, low when bearish position)
🔹 Δ line ( Trailing Stop-line ): add/subtract an adjustment when the TS-line changes ( default: Adjustment ):
• Adjustment ( default: 0 ): add/subtract an extra % of price
• Mult of TR : add/subtract a multiple of True Range
🔹 Based on: compare closing price against:
• open
• previous close
🔹 "Neutral-Volume" is considered "Up-Volume" : this setting will dictate whether nV is considered as green 'buy' volume or not.
🔶 CONSIDERATIONS
🔹 The lowest LTF (1S) will give you more detail and will get data close to tick data.
However, a maximum of 100,000 intrabars can be used in calculations .
This means on the daily chart you won't see anything since 1 day ~ 86400 seconds. (just over 1 bar)
-> choose a lower chart timeframe, or choose a higher LTF (5S, 10S, ... 1 minute)
🔹 Always choose a LTF lower than the current chart timeframe.
🔹 Pine Script™ code using this request.security_lower_tf() may calculate differently on historical and real-time bars, leading to repainting .
PhantomFlow AccumulationDetectorThe PhantomFlow AccumulationDetector indicator analyzes the volume profile and displays potential accumulation based on the selected timeframe in the settings. This indicator can be used both as zones for trend following and for identifying reversals, as shown in the examples on the chart. The logic behind the formation of the accumulation zone is based on the fact that the POC (Point of Control) of the current zone is within the Volume Area range of the previous period.
Optimal settings for the working timeframe should be chosen visually, and the size of the zones should not be too large or too small. Additionally, it's advisable not to consider overly wide zones during increased volatility.
Consecutive zones within the same range often indicate a potential reversal.
We borrowed the volume profile calculation code from @LonesomeTheBlue. Thank you for the work done!
Volume Profile - BearJust another Volume Profile but you can fit into your chart better by moving back and forth horizontally. also note you can fix the number of bars to show the volume by that way you can use a fib retracment to line up high/low volume nodes with fib levels... see where price as bad structure. or just play with the colors to make a cool gradient?
Volume Profile is a technical analysis tool used by traders to analyze the distribution of trading volume at different price levels within a specified time frame. It helps traders identify key support and resistance levels, potential areas of price reversals, and areas of high trading interest. Here's how to read Volume Profile on a trading chart:
1. **Choose a Time Frame**: Decide on the time frame you want to analyze. Volume Profile can be applied to various time frames, such as daily, hourly, or even minute charts. The choice depends on your trading style and goals.
2. **Plot the Volume Profile**: Once you have your chart open, add the Volume Profile indicator. Most trading platforms offer this tool. It typically appears as a histogram or a series of horizontal bars alongside the price chart.
3. **Identify Key Elements**:
a. **Value Area**: The Value Area represents the price range where the majority of trading volume occurred. It is often divided into three parts: the Point of Control (POC) and the upper and lower value areas. The POC is the price level where the most trading activity occurred and is considered a significant support or resistance level.
b. **High-Volume Nodes**: High-volume nodes are price levels where there was a significant amount of trading volume. These nodes can act as support or resistance levels because they represent areas where many traders had their positions.
c. **Low-Volume Areas**: Conversely, low-volume areas are price levels with little trading activity. These areas may not provide strong support or resistance because they lack significant trader interest.
4. **Interpretation**:
- If the price is trading above the POC and the upper value area, it suggests bullish sentiment, and these levels may act as support.
- If the price is trading below the POC and the lower value area, it suggests bearish sentiment, and these levels may act as resistance.
- High-volume nodes can also act as support or resistance, depending on the price's current position relative to them.
5. **Confirmation**: Volume Profile should be used in conjunction with other technical analysis tools and indicators to confirm trading decisions. Consider using trendlines, moving averages, or other price patterns to validate your trading strategy.
6. **Adjust for Different Time Frames**: Keep in mind that Volume Profile analysis can yield different results on different time frames. For example, a support level on a daily chart may not hold on a shorter time frame due to intraday volatility.
7. **Practice and Experience**: Like any trading tool, reading Volume Profile requires practice and experience. Analyze historical charts, paper trade, and refine your strategies over time to gain proficiency.
8. **Stay Informed**: Stay updated with market news and events that can impact trading volume. Sudden news can change the significance of volume levels.
CCPD Candle Color Price DetectorThe "CCPD Candle Color Price Detector" is a custom indicator developed for TradingView, a popular platform for technical analysis and trading. This indicator assists traders in identifying potential trend reversals and assessing market sentiment based on candlestick color changes and key price levels.
This indicator operates as follows:
Color Change Detection: It primarily focuses on the color of candlesticks (green for bullish and red for bearish). When a candlestick closes higher than it opens, it is considered green (bullish), and when it closes lower, it is red (bearish).
High and Low Analysis: The indicator calculates the highest high and lowest low over a user-defined number of bars (specified by the 'Bars for High/Low' input parameter). This helps identify recent price extremes.
Midpoint Calculation: It then computes the midpoint between the highest high and lowest low, effectively determining a central reference point within the specified period.
Signal Generation: Buy and sell signals are generated based on the relationship between the current candlestick's close price, the midpoint, and the candlestick color. Buy signals occur when a green candle closes above the midpoint, suggesting potential bullish momentum. Conversely, sell signals trigger when a red candle closes below the midpoint, indicating possible bearish pressure.
Visualization: The indicator visualizes the highest high, lowest low, midpoint, and additional lines to aid in understanding the price action and potential reversal points.
Alerts: It provides alerts for buy and sell signals, allowing traders to receive notifications when potential trading opportunities arise.
Usage:
Traders can utilize the "CCPD Candle Color Price Detector" in the following ways:
Trend Reversal Identification: This indicator can help traders spot potential trend reversals by signaling when candlestick colors change and close near the midpoint. Buy and sell signals offer entry points for trades based on these reversals.
Confirmation Tool: It can be used in conjunction with other technical analysis tools to confirm trading decisions. For example, a buy signal from this indicator, coupled with a bullish trendline break or a bounce from a key support level, may provide a stronger bullish signal.
Risk Management: By understanding potential reversal points and using stop-loss orders, traders can better manage their risk and protect their capital when entering positions based on the indicator's signals.
Customization: The indicator allows users to adjust the number of bars for high/low calculations, making it adaptable to different trading strategies and timeframes.
In summary, the "CCPD Candle Color Price Detector" is a versatile indicator that can aid traders in spotting potential trend changes, enhancing trading decisions, and managing risk effectively. However, like any trading tool, it should be used in conjunction with other analysis methods and risk management strategies for optimal results.
OBV Daily High Low Box Realtime (On Balance Volume)Overview
This indicator plots horizontal lines at the daily high and low levels of the On Balance Volume (OBV).
The numerical lines for each day are updated in real-time as the OBV high and low values change.
Please note that there are limitations on how far back in history the indicator can go due to Pine Script's object drawing limitations.
SADROCThe "Smoothed Accumulation/Distribution Rate of Change" (SADROC) indicator draws inspiration from the Chaikin Oscillator's use of accumulation and distribution, formatted in a manner just like the MACD (Moving Average Convergence Divergence) indicator. My goal was to create something with greater speed and accuracy than the classic MACD
Here's a breakdown of its key elements:
Inputs: Users can customize the indicator by specifying the fast length, slow length, and signal length to fit their preferences.
Calculations: The indicator calculates cumulative volume and then computes the Accumulation/Distribution (AD) value based on price and volume data. The SADROC is calculated as the Rate of Change of the exponential moving averages of the price. The difference between these two values is further smoothed to generate the final SADROC value.
Plotting: The indicator plots the SADROC line and a signal line on the chart. Additionally, it includes a histogram that visually represents the difference between SADROC and the signal line.
MACDVMACDV = Moving Average Convergence Divergence Volume
The MACDV indicator uses stochastic accumulation / distribution volume inflow and outflow formulas to visualize it in a standard MACD type of appearance.
To be able to merge these formulas I had to normalize the math.
Accumulation / distribution volume is a unique scale.
Stochastic is a 0-100 scale.
MACD is a unique scale.
The normalized output scale range for MACDV is -100 to 100.
100 = overbought
-100 = oversold
Everything in between is either bullish or bearish.
Rising = bullish
Falling = bearish
crossover = bullish
crossunder = bearish
convergence = direction change
divergence = momentum
The default input settings are:
7 = K length, Stochastic accumulation / distribution length
3 = D smoothing, smoothing stochastic accumulation / distribution volume weighted moving average
6 = MACDV fast, MACDV fast length line
color = blue
13 = MACDV slow, MACDV slow length line
color = white
4 = MACDV signal, MACDV histogram length
color rising above 0 = bright green
color falling above 0 = dark green
color falling below 0 = bright red
color rising below 0 = dark red
2 = Stretch, Output multiplier for MACDV visual expansion
Horizontal lines:
100
75
50
25
0
-25
-50
-75
-100
GKD-V Normalized Volume [Loxx]The Giga Kaleidoscope GKD-V Normalized Volume is a volatility/volume module included in Loxx's "Giga Kaleidoscope Modularized Trading System."
█ GKD-V Normalized Volume
The Normalized Volume is a technical analysis tool used to determine if the market is in a trending or choppy, sideways-trading phase. To do this, we find the average volume over a lookback window and compare that value to the current candle's volume. If the current volume exceeds that threshold, then there is enough volume in the market to trade.
█ Giga Kaleidoscope Modularized Trading System
Core components of an NNFX algorithmic trading strategy
The NNFX algorithm is built on the principles of trend, momentum, and volatility. There are six core components in the NNFX trading algorithm:
1. Volatility - price volatility; e.g., Average True Range, True Range Double, Close-to-Close, etc.
2. Baseline - a moving average to identify price trend
3. Confirmation 1 - a technical indicator used to identify trends
4. Confirmation 2 - a technical indicator used to identify trends
5. Continuation - a technical indicator used to identify trends
6. Volatility/Volume - a technical indicator used to identify volatility/volume breakouts/breakdown
7. Exit - a technical indicator used to determine when a trend is exhausted
8. Metamorphosis - a technical indicator that produces a compound signal from the combination of other GKD indicators*
*(not part of the NNFX algorithm)
What is Volatility in the NNFX trading system?
In the NNFX (No Nonsense Forex) trading system, ATR (Average True Range) is typically used to measure the volatility of an asset. It is used as a part of the system to help determine the appropriate stop loss and take profit levels for a trade. ATR is calculated by taking the average of the true range values over a specified period.
True range is calculated as the maximum of the following values:
-Current high minus the current low
-Absolute value of the current high minus the previous close
-Absolute value of the current low minus the previous close
ATR is a dynamic indicator that changes with changes in volatility. As volatility increases, the value of ATR increases, and as volatility decreases, the value of ATR decreases. By using ATR in NNFX system, traders can adjust their stop loss and take profit levels according to the volatility of the asset being traded. This helps to ensure that the trade is given enough room to move, while also minimizing potential losses.
Other types of volatility include True Range Double (TRD), Close-to-Close, and Garman-Klass
What is a Baseline indicator?
The baseline is essentially a moving average, and is used to determine the overall direction of the market.
The baseline in the NNFX system is used to filter out trades that are not in line with the long-term trend of the market. The baseline is plotted on the chart along with other indicators, such as the Moving Average (MA), the Relative Strength Index (RSI), and the Average True Range (ATR).
Trades are only taken when the price is in the same direction as the baseline. For example, if the baseline is sloping upwards, only long trades are taken, and if the baseline is sloping downwards, only short trades are taken. This approach helps to ensure that trades are in line with the overall trend of the market, and reduces the risk of entering trades that are likely to fail.
By using a baseline in the NNFX system, traders can have a clear reference point for determining the overall trend of the market, and can make more informed trading decisions. The baseline helps to filter out noise and false signals, and ensures that trades are taken in the direction of the long-term trend.
What is a Confirmation indicator?
Confirmation indicators are technical indicators that are used to confirm the signals generated by primary indicators. Primary indicators are the core indicators used in the NNFX system, such as the Average True Range (ATR), the Moving Average (MA), and the Relative Strength Index (RSI).
The purpose of the confirmation indicators is to reduce false signals and improve the accuracy of the trading system. They are designed to confirm the signals generated by the primary indicators by providing additional information about the strength and direction of the trend.
Some examples of confirmation indicators that may be used in the NNFX system include the Bollinger Bands, the MACD (Moving Average Convergence Divergence), and the MACD Oscillator. These indicators can provide information about the volatility, momentum, and trend strength of the market, and can be used to confirm the signals generated by the primary indicators.
In the NNFX system, confirmation indicators are used in combination with primary indicators and other filters to create a trading system that is robust and reliable. By using multiple indicators to confirm trading signals, the system aims to reduce the risk of false signals and improve the overall profitability of the trades.
What is a Continuation indicator?
In the NNFX (No Nonsense Forex) trading system, a continuation indicator is a technical indicator that is used to confirm a current trend and predict that the trend is likely to continue in the same direction. A continuation indicator is typically used in conjunction with other indicators in the system, such as a baseline indicator, to provide a comprehensive trading strategy.
What is a Volatility/Volume indicator?
Volume indicators, such as the On Balance Volume (OBV), the Chaikin Money Flow (CMF), or the Volume Price Trend (VPT), are used to measure the amount of buying and selling activity in a market. They are based on the trading volume of the market, and can provide information about the strength of the trend. In the NNFX system, volume indicators are used to confirm trading signals generated by the Moving Average and the Relative Strength Index. Volatility indicators include Average Direction Index, Waddah Attar, and Volatility Ratio. In the NNFX trading system, volatility is a proxy for volume and vice versa.
By using volume indicators as confirmation tools, the NNFX trading system aims to reduce the risk of false signals and improve the overall profitability of trades. These indicators can provide additional information about the market that is not captured by the primary indicators, and can help traders to make more informed trading decisions. In addition, volume indicators can be used to identify potential changes in market trends and to confirm the strength of price movements.
What is an Exit indicator?
The exit indicator is used in conjunction with other indicators in the system, such as the Moving Average (MA), the Relative Strength Index (RSI), and the Average True Range (ATR), to provide a comprehensive trading strategy.
The exit indicator in the NNFX system can be any technical indicator that is deemed effective at identifying optimal exit points. Examples of exit indicators that are commonly used include the Parabolic SAR, the Average Directional Index (ADX), and the Chandelier Exit.
The purpose of the exit indicator is to identify when a trend is likely to reverse or when the market conditions have changed, signaling the need to exit a trade. By using an exit indicator, traders can manage their risk and prevent significant losses.
In the NNFX system, the exit indicator is used in conjunction with a stop loss and a take profit order to maximize profits and minimize losses. The stop loss order is used to limit the amount of loss that can be incurred if the trade goes against the trader, while the take profit order is used to lock in profits when the trade is moving in the trader's favor.
Overall, the use of an exit indicator in the NNFX trading system is an important component of a comprehensive trading strategy. It allows traders to manage their risk effectively and improve the profitability of their trades by exiting at the right time.
What is an Metamorphosis indicator?
The concept of a metamorphosis indicator involves the integration of two or more GKD indicators to generate a compound signal. This is achieved by evaluating the accuracy of each indicator and selecting the signal from the indicator with the highest accuracy. As an illustration, let's consider a scenario where we calculate the accuracy of 10 indicators and choose the signal from the indicator that demonstrates the highest accuracy.
The resulting output from the metamorphosis indicator can then be utilized in a GKD-BT backtest by occupying a slot that aligns with the purpose of the metamorphosis indicator. The slot can be a GKD-B, GKD-C, or GKD-E slot, depending on the specific requirements and objectives of the indicator. This allows for seamless integration and utilization of the compound signal within the GKD-BT framework.
How does Loxx's GKD (Giga Kaleidoscope Modularized Trading System) implement the NNFX algorithm outlined above?
Loxx's GKD v2.0 system has five types of modules (indicators/strategies). These modules are:
1. GKD-BT - Backtesting module (Volatility, Number 1 in the NNFX algorithm)
2. GKD-B - Baseline module (Baseline and Volatility/Volume, Numbers 1 and 2 in the NNFX algorithm)
3. GKD-C - Confirmation 1/2 and Continuation module (Confirmation 1/2 and Continuation, Numbers 3, 4, and 5 in the NNFX algorithm)
4. GKD-V - Volatility/Volume module (Confirmation 1/2, Number 6 in the NNFX algorithm)
5. GKD-E - Exit module (Exit, Number 7 in the NNFX algorithm)
6. GKD-M - Metamorphosis module (Metamorphosis, Number 8 in the NNFX algorithm, but not part of the NNFX algorithm)
(additional module types will added in future releases)
Each module interacts with every module by passing data to A backtest module wherein the various components of the GKD system are combined to create a trading signal.
That is, the Baseline indicator passes its data to Volatility/Volume. The Volatility/Volume indicator passes its values to the Confirmation 1 indicator. The Confirmation 1 indicator passes its values to the Confirmation 2 indicator. The Confirmation 2 indicator passes its values to the Continuation indicator. The Continuation indicator passes its values to the Exit indicator, and finally, the Exit indicator passes its values to the Backtest strategy.
This chaining of indicators requires that each module conform to Loxx's GKD protocol, therefore allowing for the testing of every possible combination of technical indicators that make up the six components of the NNFX algorithm.
What does the application of the GKD trading system look like?
Example trading system:
Backtest: Multi-Ticker CC Backtest
Baseline: Hull Moving Average
Volatility/Volume: Hurst Exponent
Confirmation 1: Advance Trend Pressure as shown on the chart above
Confirmation 2: uf2018
Continuation: Coppock Curve
Exit: Rex Oscillator
Metamorphosis: Baseline Optimizer
Each GKD indicator is denoted with a module identifier of either: GKD-BT, GKD-B, GKD-C, GKD-V, GKD-M, or GKD-E. This allows traders to understand to which module each indicator belongs and where each indicator fits into the GKD system.
█ Giga Kaleidoscope Modularized Trading System Signals
Standard Entry
1. GKD-C Confirmation gives signal
2. Baseline agrees
3. Price inside Goldie Locks Zone Minimum
4. Price inside Goldie Locks Zone Maximum
5. Confirmation 2 agrees
6. Volatility/Volume agrees
1-Candle Standard Entry
1a. GKD-C Confirmation gives signal
2a. Baseline agrees
3a. Price inside Goldie Locks Zone Minimum
4a. Price inside Goldie Locks Zone Maximum
Next Candle
1b. Price retraced
2b. Baseline agrees
3b. Confirmation 1 agrees
4b. Confirmation 2 agrees
5b. Volatility/Volume agrees
Baseline Entry
1. GKD-B Baseline gives signal
2. Confirmation 1 agrees
3. Price inside Goldie Locks Zone Minimum
4. Price inside Goldie Locks Zone Maximum
5. Confirmation 2 agrees
6. Volatility/Volume agrees
7. Confirmation 1 signal was less than 'Maximum Allowable PSBC Bars Back' prior
1-Candle Baseline Entry
1a. GKD-B Baseline gives signal
2a. Confirmation 1 agrees
3a. Price inside Goldie Locks Zone Minimum
4a. Price inside Goldie Locks Zone Maximum
5a. Confirmation 1 signal was less than 'Maximum Allowable PSBC Bars Back' prior
Next Candle
1b. Price retraced
2b. Baseline agrees
3b. Confirmation 1 agrees
4b. Confirmation 2 agrees
5b. Volatility/Volume agrees
Volatility/Volume Entry
1. GKD-V Volatility/Volume gives signal
2. Confirmation 1 agrees
3. Price inside Goldie Locks Zone Minimum
4. Price inside Goldie Locks Zone Maximum
5. Confirmation 2 agrees
6. Baseline agrees
7. Confirmation 1 signal was less than 7 candles prior
1-Candle Volatility/Volume Entry
1a. GKD-V Volatility/Volume gives signal
2a. Confirmation 1 agrees
3a. Price inside Goldie Locks Zone Minimum
4a. Price inside Goldie Locks Zone Maximum
5a. Confirmation 1 signal was less than 'Maximum Allowable PSVVC Bars Back' prior
Next Candle
1b. Price retraced
2b. Volatility/Volume agrees
3b. Confirmation 1 agrees
4b. Confirmation 2 agrees
5b. Baseline agrees
Confirmation 2 Entry
1. GKD-C Confirmation 2 gives signal
2. Confirmation 1 agrees
3. Price inside Goldie Locks Zone Minimum
4. Price inside Goldie Locks Zone Maximum
5. Volatility/Volume agrees
6. Baseline agrees
7. Confirmation 1 signal was less than 7 candles prior
1-Candle Confirmation 2 Entry
1a. GKD-C Confirmation 2 gives signal
2a. Confirmation 1 agrees
3a. Price inside Goldie Locks Zone Minimum
4a. Price inside Goldie Locks Zone Maximum
5a. Confirmation 1 signal was less than 'Maximum Allowable PSC2C Bars Back' prior
Next Candle
1b. Price retraced
2b. Confirmation 2 agrees
3b. Confirmation 1 agrees
4b. Volatility/Volume agrees
5b. Baseline agrees
PullBack Entry
1a. GKD-B Baseline gives signal
2a. Confirmation 1 agrees
3a. Price is beyond 1.0x Volatility of Baseline
Next Candle
1b. Price inside Goldie Locks Zone Minimum
2b. Price inside Goldie Locks Zone Maximum
3b. Confirmation 1 agrees
4b. Confirmation 2 agrees
5b. Volatility/Volume agrees
Continuation Entry
1. Standard Entry, 1-Candle Standard Entry, Baseline Entry, 1-Candle Baseline Entry, Volatility/Volume Entry, 1-Candle Volatility/Volume Entry, Confirmation 2 Entry, 1-Candle Confirmation 2 Entry, or Pullback entry triggered previously
2. Baseline hasn't crossed since entry signal trigger
4. Confirmation 1 agrees
5. Baseline agrees
6. Confirmation 2 agrees
