Wealthy Tech v1.4

This script was design to guide the trader in three different ways as a "one stop" place so the trader can have all the basics covered and working together , the indicator is organized by two control panels and one set of technical tools.

1 - First Panel - "Advanced Trading Tools"
- Providing many important parameters that a trader must know before sending an order.
- Displays a green, yellow or red signal in front of the current data helping the trader to quickly identify the overall status of the asset.
- Parameters such as :
Average Daily Range in the past 20 days (ADR)
Current ADR of the day, Live ADR of the current Open/Close
Relative Strength , if in a Bull or Bear Market
Minimum and recommended Dollar Volume to guarantee the necessary liquidity
StochRSI warnings if oversold or bought
Volume /relative volume corresponds to a minimum for a good liquidity
Distance of the current price to the majors moving averages
Also a quick way to have your order size automatically calculated with a stop loss set at either the lows of the day or the last Lower High, giving you an order size and max risk/loss at all times.


2 - Second Panel - "Buy/Sell Signal tool with live Backtester"
- Buy and Sell signals are provided for the beginner/busy trader. Using a set of combinations to determine the most probable period to enter and exit with adjustability by the user being able to choose how fast or slow the parameters should track the data.
- The live Backtester shows positions and historically calculations of all the Buy/Sell signals during the requested period. Showing how much you would've profit/lose if you had took those trades, helping you to decide which timeframe to use in conjunction to the Buy/Sell speed to give the most profitable probability.
- By hovering on the Buy/Sell, you'll find in depth information about each trade (Trading View limits the number of information the is being showed in a chart. If you have too many trades going back in history, it'll only show the max available)
- Keep in mind that the Buy/Sell signal repaints only while the candle is open. If you don't want to take your chances for a better entry, just wait for the candle to close so you have your confirmation. Over time you'll evolve a sense of all the functionalities and learn how to quickly identify what the indicator is trying to show. It takes a few tries to catch a big move, don't be afraid to be stopped or a low Win rate. What really matter is how much you're realizing by the end of the day. You most probably won't have any success in trade if you aren't able to stop your bad trades.


3 - Technical indicators and Visual Implementations
- Tools such as:
Open Range High/Low showing the first 30 min of the day. One of the best ways to identify and perfect breakout entry point
Improved MAs with auto color change indicating when it is strong or weak
MAs Flow Cloud for a generalized asset visualization of a Bull/Bear Market
Scalp line with variable speed helps you get in and our of a scalp with confidence.
High Volatility Reversals and Fear/Greed shows you the most probable point of a reversal/resistance to happen.
Volume Spike
Higher High / Higher Low / Lower High / Lower Low plots to help you visualize the channels.



The indicator is in BETA version, improvements and fixes will be added constantly.

New ideas and recommendations are welcomed.

Thank you very much for your time

Catatan Rilis:

-Improvements on Open Range:
Now you can choose if Pre-Market (4:00am~9:30am) or Open Range (9:30am~10:00am)
Added function to bright the line when the price breaks higher or lower.

-New momentum parameter to improve buy/sell signals

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Chart Update

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Upgrade:
-Several improvements on buy/sell mechanics. Keep in mind that the signals are optimized for Swing Trade use by Daily candles. But fill free to test it on different timeframes with custom configuration. We're still working on the buy/sell signals and day trade is a must on our goals.
-Now you can see the true ADR daily candle with 20day average value on any timeframe
-Minor fixes and improvements

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Update:
-Adding parameters and adjusting Buy/Sell to work on shorter timeframes.

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Update:
-Bug fixes on Buy/Sell signals

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Update:
-Fixed Buy/Sell alerts not working properly
-Improvements on Buy/Sell signals

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Update:
-Improvements on Buy/Sell signals

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Major Update:
-New Arrow signals system implemented. The arrows are base on a flexible Fibonacci levels system showing the extended points from small light green to big intense red.
-As the new arrow system gives a much more accurate view of where to buy and sell in small timeframes such as 1m~45m, I've removed the ability to activate the Backtester and Buy/Sell signal on lower timeframes since it wasn't reliable in the first place. Buy/Sell most often works great on 4h~1D timeframe. (I'll keep working hard to create the best buy/sell algo possible not only in higher timeframes, but also in small ones for a quick scalp)
-Removed HH/LL plots due to plot limits

Catatan Rilis:

Update

-New Buy/Sell system implemented for lower timeframes (1m~ 45m). Now you can you the signals on lower timeframes, it'll get better and better over time. We're working hard to make it as profitable as possible. As for now, it shows to be more profitable on 5m and 15m. The Buy/Sell signal in lower timeframes is design for strong breakouts, to be used in extreme volatility period only. Signals are filtered as much as possible in periods that aren't highly volatile because there isn't enough information/volatility for the Signals to work with a profitable pace.

Catatan Rilis:

Update
-Added Take Profit (TP) signals to secure profit.
-Buy/Sell improvement by making the strategy faster. Strategy tends to work better without Extended hours. Don't forget to check what works best with your ticker/timeframe

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Update

-Major restructure on Buy/Sell signal lower timeframes (5m~30m).
-Take Profit update. Now it shows more often and visible.

Catatan Rilis:

Updates:
-Script was updated to Pinescript version 5
-New Volatility indicator that indicates how compressed the setup is before the breakout by percentage, also added the volatility % inside the buy button parameters. when in 0% means that the price action is fully compressed and ready for a big squeeze. the volatility level fluctuates from 0~100% changing colors from blue(cold/compressed), to green, yellow and red (hot/volatile)
-New option to turn the moving averages color as Solid or Variable
-New calculation base for the small timeframe alerts, still needs some filters and improvements, it's getting better over time. But the focus of the indicator still Swing trade with Daily and Weekly timeframes.
-Cleaned up so unnecessary lines, warnings and alerts, chart will fill less cluttered.
-Added two tones for TP (Take profit), Yellow warning is a more frequent TP, intended to sell only a fraction of position. The green TP rarely shows up and represents a massive price action extension.
-Added light transparency on all buttons, alerts, lines and effects for better visualization of the price action.

Catatan Rilis:

Several updates including:
-Ability to choose which MA top (Simple, Exponential, Weighted)
-Reversal Alert. Includes any Thunder alert or Fear/Greed, green/red arrow. Whenever the indicator thinks there's a reversal/resistance point.
etc.

Catatan Rilis:

Several Updates including:
-Now you can see the StochRSI as a color pattern inside the 200ma, Blue=0% ~ Red=100%
-Fine adjustments through out the Reversal alerts

Catatan Rilis:

-ADR Range Forecast now shows from 15m timeframe up. Also shows a middle line between Min and Max ADR of the day
-Others