Simple Market Metrics v5How to enter a trade: Wait for a Buy or Sell signal to appear"
If the signal remains when the candle closes, enter the trade with a market or limit order"
How to exit a trade: • Take profit when the price reaches the profit target line"
Stop out of the trade if the white dot remains on the opposite side of the profit wave only when the candle has closed."
If you are in a long trade, and a candle closes with the white dot below the profit wave, close the trade."
What markets can this be traded with? Simple Market Metrics works with any market, but the ES & NQ Futures are the preferred markets to trade this system with."
What candle type should be used? Simple Market Metrics was designed to be used on Heikin Ashi candles."
What are the preferred trading hours? The preferred hours to trade are during the New York session between 10:00am EST and 3:00pm EST."
What timeframe should I trade? The 1 and 2 minute timeframes are preferred with ES & NQ Futures"
What should I set the profit targets to? ES - 1 min: 4 ES - 2 min: 8 • NQ - 1 min: 20 • NQ - 2 min: 40"
How many contracts should I start trading with prop firm accounts? 50k - 5 micros on MES or MNQ 150k - 2 minis on ES or NQ"
Pita dan Kanal
Gong's_indicatorIt is a frame less than 15 minutes, which is an advantageous indicator for use in horizontal sections.
It is recommended to buy and sell in hedging mode because other position orders may be created while the entered position is not organized.
Since the buying/selling position winning rate is similar for a long time, it is also a good idea to proceed with the sale only in one direction while checking the big trend.
Signal labels may appear as candle finish criteria.
Even if the label does not appear, you can open the position in the green section and the red section with the purple line as a stoploss.
It is good for picking up inflection points immediately after a short period of large rise and fall.
The size of the channel gap drawn varies with the intensity of the short-term motion.
In the green area, the long position's profit-loss ratio is advantageous, and in the red area, the short position's profit-loss ratio is advantageous.
If a buy signal occurs, if the location is a green box, you can add a little more seeds or leverage.
If the three diamonds are attached together, it means that they have fallen/increased significantly in a short period of time, and the position you hold at this time will have a lower winning rate, but you can open a position with a high profit/loss ratio.
Since the stopros and target price on the label are not absolute, it is better to set them up by referring to your own trading basis.
One of the two targets is a 1:1 or higher profit or loss ratio calculated based on the distance from the stoploss.
The one thing that remains is based on a technical basis for when you reach a section where the reverse trend can come out.
Stoploss is a value that takes into account the range of stop hunting that slightly breaks the top and bottom of the box.
This indicator has a high win rate for sideways area, but if a trend occurs, the reverse trend position can remain open, which increases the likelihood of losing back-to-back.
Therefore, it is recommended that you stop entering the same position for 240 times the time of the frame you are using once the stop is signed.
When the stoploss are signed, switching in the opposite direction when touching the gray area is also a good response.
After the stoploss, if a big reverse occurred and broke right through the gray area, the additional position entry in the green/red area will mostly protect your money.
15분봉 이하의 프레임으로 횡보구간에서 사용하기 유리한 지표입니다.
진입된 포지션이 정리되지 않은 상태에서 다른 포지션 오더가 추가 생성될 수 있기 때문에 헷지모드로 매매하시는 것을 권장합니다.
긴 시간동안 매수/매도 포지션 승률이 비슷하기 때문에 큰 추세를 확인하면서 한 쪽 방향으로만 매매를 진행하시는 것도 좋은 방법입니다.
캔들 마감 기준으로 시그널 라벨이 등장할 수 있습니다.
라벨이 뜨지 않아도 보라색 선을 스탑로스로 하여 녹색 구간, 적색 구간에서 포지션 오픈이 가능합니다.
단기간 큰 상승,하락 직후 변곡지점을 잡아낼 때 쓰기 좋습니다.
단기 움직임의 강도에 따라 그려져 있는 채널 갭의 크기가 변합니다.
녹색 구간에서는 매수 손익비가 유리하고 적색 구간에서는 매도 손익비가 유리합니다.
만약, 매수 시그널이 발생한 경우 그 위치가 녹색 박스권이라면 시드나 레버리지를 조금 더 추가할 수 있습니다.
위 아래 다이아몬드 3개가 같이 붙어있는 경우에는 단기간 크게 하락/상승했다는 의미이고 이 때 잡는 포지션은 승률이 낮아지지만 높은 손익비의 포지션을 오픈할 수 있습니다.
라벨에 적혀있는 스탑로스와 목표가는 절대적이지 않기 때문에 각자의 매매근거를 참고하셔서 설정하시는 것이 더 좋은 결과를 도출할 수 있습니다.
목표가 두 가지 중 한 가지는 스탑로스와의 거리를 근거로 1:1이상의 손익비를 계산한 값입니다.
남은 한 가지는 역추세가 나올 수 있는 구간에 도달하는 경우에 대한 기술적 근거를 바탕으로 합니다.
스탑로스는 박스권 상단과 하단을 살짝 깨는 스탑헌팅 범위를 고려한 값입니다.
이 지표는 횡보 구간 승률이 높지만 추세가 발생하면 역추세 포지션이 계속 오픈될 수 있기 때문에 연달아 손실을 입을 가능성이 높아집니다.
따라서, 스탑로스가 체결되면 사용중인 프레임의 240배의 시간동안 같은 포지션 진입을 멈추시는 것이 좋습니다.
스탑로스가 체결되면 회색 영역에 닿을 때 반대 방향으로 스위칭을 하시는 것도 좋은 대응이 됩니다.
스탑로스 체결 후 되돌림이 크게 나와서 회색 영역을 바로 돌파하는 경우 라벨이 생성되지 않더라고 녹색/적색 영역에서 추가 포지션 진입을 하면 대부분 본전 이상으로 포지션을 정리할 수 있습니다.
Bitcoin Regime Filter StrategyBitcoin Regime Filter Strategy
Base on EMA, RSI indicator
Enter orders using the trend confluence of time frame D and time frame W
Support/Resistance (by xSizze)Этот индикатор будет полезен для тех, кто ищет развороты на графиках, особенно вблизи ключевых уровней поддержки и сопротивления, и помогает с управлением рисками через стоп-лоссы и тейк-профиты.
Bsk : Auto P.day High & Low - (22-1-2025)Historical day highs and lows, Bollinger bands ema 8, 15 and all in 1 indicator for the day traders.
1m Leading Indicator Strategy - Deep ResearchHow it works: The code first sets up the strategy and inputs. It then calculates the stochastic %K and %D lines based on the chosen length and smoothing periods. Next, it defines the buy and sell conditions using a crossover (K > D) or crossunder (K < D) of those lines, specifically requiring the previous state to be oversold or overbought for higher confidence signals. When conditions are met, strategy.entry() is used to take a position. The logic includes safeguards to close any opposite position before entering a new one, and respects the user’s choice of allowing long/short trades. Finally, the plotshape functions draw the signal markers on the chart (if enabled), using color-coded labels for clarity.
Usage and Tips
Applying the Script: Use this script on a 1-minute chart of your chosen stock or index. Because it’s optimized for very short-term moves, using it on higher timeframes may require parameter adjustments.
Interpreting Signals: A green “BUY” label indicates a potential upward reversal — consider going long or closing shorts. A red “SELL” label indicates a potential downward reversal — consider going short or taking profit on longs. Always confirm signals with your own analysis or additional context if possible (e.g., major trend direction or support/resistance levels) since no indicator is infallible.
Backtest Results: After adding to chart, open the Strategy Tester in TradingView. You’ll see metrics like total net profit, percentage wins, profit factor, etc. Use these to gauge the strategy’s performance. You can also inspect the list of trades to see where each buy/sell happened and how much was gained or lost.
Fine-Tuning: Adjust the input parameters to improve performance. For instance, if the strategy is catching reversals too late, you might lower the oversold (maybe 15) and overbought (maybe 85) levels or shorten the length slightly. If it’s getting false signals (e.g., in a choppy range), you might raise the thresholds or increase the smoothing period. Every market behaves differently, so a bit of optimization can go a long way. Remember that generally a 14-period is standard but can be modified to change sensitivit
Bollinger Bands Strategy with SL/TPOverview
This code implements a trading strategy based on Bollinger Bands with customizable Stop Loss (SL) and Take Profit (TP) levels. It's designed to work on TradingView's Pine Script version 6.
Key Parameters
length: The period for calculating the Bollinger Bands (default: 20)
mult: The multiplier for the standard deviation (default: 2.0)
direction: Strategy direction (-1 for short only, 0 for both, 1 for long only)
sl_pips: Stop Loss in pips
tp_pips: Take Profit in pips
How It Works
The strategy calculates Bollinger Bands based on the closing price.
It enters a long position when the price crosses above the lower Bollinger Band.
It enters a short position when the price crosses below the upper Bollinger Band.
Stop Loss and Take Profit are set for each trade based on the input parameters.
Usage Instructions
Copy this code into a new TradingView Pine Script editor.
Adjust the input parameters as needed:
Modify the Bollinger Bands period and multiplier
Set your desired Stop Loss and Take Profit levels in pips
Choose the strategy direction (long, short, or both)
Apply the script to your desired chart and timeframe.
Use TradingView's strategy tester to backtest and optimize the strategy.
Monitor the strategy's performance and adjust parameters as necessary.
Important Notes
The strategy uses OCAs (One-Cancels-All orders) to manage entries.
It automatically cancels pending orders when conditions are not met.
Always test thoroughly on historical data before using in live trading.
Consider market conditions and your risk tolerance when setting parameters.
Day's Selected Candle Range High/LowThis indicator shows the High and low of selected candles between start and end candles.
lidos Technical Indicator
// حساب المؤشرات الفنية
sma = ta.sma(close, sma_length)
rsi = ta.rsi(close, rsi_length)
= ta.macd(close, macd_fast, macd_slow, macd_signal)
volume_normalized = na(volume) ? 0 : volume // تأكد من أن الحجم ليس NaN
Momentum Master Strategy (All-In-One)What is the Momentum Master Strategy (All-in-One)?
The Momentum Master Strategy (All-in-One) is a sophisticated, trend-following indicator designed to help traders identify optimal entry and exit points in the market with ease. By combining several powerful trading tools into one, this indicator streamlines your trading process. It uses a blend of Moving Averages (MAs), RSI (Relative Strength Index), and MACD (Moving Average Convergence Divergence) along with price action to automatically signal buy and sell opportunities based on momentum and trend strength.
This indicator works across multiple timeframes and is well-suited for both novice and experienced traders. It offers everything you need to identify market trends, capture momentum shifts, and make timely decisions—without requiring additional indicators or setup. The Momentum Master Strategy takes care of the heavy lifting, providing accurate signals that you can use to enhance your trading performance.
How Does the Momentum Master Strategy Work?
The Momentum Master Strategy (All-in-One) integrates a mix of several technical indicators and price action strategies to generate signals. Here's a breakdown of how each part of the strategy contributes:
1. Moving Averages (MAs)
Moving averages are one of the core components of the indicator. The Fast Moving Average (MA) and Slow Moving Average (MA) track the average price of an asset over a specified period. The Fast MA reacts more quickly to price changes, while the Slow MA reacts more slowly. The crossovers between the fast and slow MAs are key signals in the strategy.
Bullish Crossover (Buy Signal) : When the Fast MA crosses above the Slow MA, it signals a potential upward trend. This is a key indicator to consider entering a long position (buy).
Bearish Crossover (Sell Signal) : When the Fast MA crosses below the Slow MA, it signals a potential downward trend. This is a key indicator to consider entering a short position (sell).
2. Relative Strength Index (RSI)
RSI is a momentum oscillator that measures the speed and change of price movements. It oscillates between 0 and 100, and is commonly used to determine whether an asset is overbought or oversold.
RSI > 70 (Overbought) : This indicates that the asset might be overbought, which could signal a potential reversal or correction in price.
RSI < 30 (Oversold) : This indicates that the asset might be oversold, which could signal a potential reversal to the upside.
The RSI in this strategy is used to confirm trends. A buy signal generated by the moving average cross is more reliable when the RSI is below 30 (indicating oversold conditions), and a sell signal is more reliable when the RSI is above 70 (indicating overbought conditions).
3. Moving Average Convergence Divergence (MACD)
The MACD is a powerful trend-following momentum indicator. It calculates the difference between two moving averages (typically the 12-period and 26-period Exponential Moving Averages). The MACD line and the signal line (a 9-period EMA of the MACD) are the two key components of the MACD indicator.
MACD Bullish Crossover (Buy Signal) : When the MACD line crosses above the signal line, it suggests increasing bullish momentum and signals a potential buy.
MACD Bearish Crossover (Sell Signal): When the MACD line crosses below the signal line, it suggests increasing bearish momentum and signals a potential sell.
The MACD also helps to confirm the strength and validity of a trend, and is used to validate signals provided by the moving averages and RSI.
4. Price Action & Market Structure
The price action aspect of the strategy analyzes how price moves over time. This is used to detect potential support and resistance levels, trend formations, and reversal signals. The price movement combined with the moving averages, RSI, and MACD allows traders to make informed decisions about where the price is likely to head next.
Signal Generation
The Momentum Master Strategy (All-in-One) works by continuously monitoring the market for changes in trend and momentum. It combines the data from the Moving Averages, RSI, and MACD to generate actionable signals. Here’s how the system decides when to alert you:
Buy Signal (Long Entry)
Fast MA crosses above the Slow MA – This suggests a potential upward trend.
RSI is below 30 (Oversold condition) – This suggests that the asset is oversold and may be primed for a reversal to the upside.
MACD crosses above its signal line – This confirms that bullish momentum is increasing.
When all three conditions align, the Momentum Master Strategy generates a buy signal to enter a long position.
Sell Signal (Short Entry)
Fast MA crosses below the Slow MA – This suggests a potential downward trend.
RSI is above 70 (Overbought condition) – This suggests that the asset is overbought and may be primed for a reversal to the downside.
MACD crosses below its signal line – This confirms that bearish momentum is increasing.
When all three conditions align, the Momentum Master Strategy generates a sell signal to enter a short position.
Benefits of the Momentum Master Strategy (All-in-One)
Automated Signals : The indicator automatically generates signals based on the most reliable technical indicators, saving you time and eliminating human error.
Easy-to-Use : All necessary elements are built into one indicator, so you don’t have to manage multiple indicators or external setups.
Multi-Timeframe Compatibility : The strategy works effectively on multiple timeframes, giving you the flexibility to trade on different time scales.
Momentum Confirmation : By combining multiple momentum indicators, you can be more confident in your trade decisions, reducing the risk of false signals.
Conclusion
The Momentum Master Strategy (All-in-One) is a powerful trading tool that simplifies decision-making by integrating multiple proven indicators into a single solution. With its ability to generate accurate buy and sell signals based on the combination of moving averages, RSI, MACD, and price action, it empowers traders to spot and act on market trends with greater precision. Whether you're a beginner or an experienced trader, this indicator can help streamline your strategy and increase your chances of success in the market.
VWAP with ATR BandsVWAP With 14 period ATR bands set standard to 1.5. To be used for mean reversion trades.
Auto Pivot Levels CPR1️⃣ Inputs for User Preferences
pinescript
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show_daily = input(true, title="Show Daily Pivots")
show_weekly = input(true, title="Show Weekly Pivots")
show_monthly = input(true, title="Show Monthly Pivots")
Users can turn ON/OFF pivot levels for different timeframes.
2️⃣ Detects Timeframe (Auto-Switching)
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is_daily = timeframe.isintraday and timeframe.multiplier <= 15
is_weekly = timeframe.isintraday and timeframe.multiplier > 15 and timeframe.multiplier <= 75
is_monthly = not timeframe.isintraday or timeframe.multiplier > 75
Determines if the chart is intraday, weekly, or monthly.
This helps the script automatically switch between daily, weekly, and monthly pivot levels.
3️⃣ Function to Calculate Pivot Levels
pinescript
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calculate_pivots(high, low, close) =>
pivot = (high + low + close) / 3
bc = (high + low) / 2
tc = (pivot - bc) + pivot
r1 = (2 * pivot) - low
s1 = (2 * pivot) - high
r2 = pivot + (high - low)
s2 = pivot - (high - low)
r3 = high + 2 * (pivot - low)
s3 = low - 2 * (high - pivot)
r4 = high + 3 * (pivot - low)
s4 = low - 3 * (high - pivot)
Uses high, low, and close prices from the previous period (day, week, month) to compute pivot levels.
Returns Pivot Point (PP), Central Pivot Range (BC, TC), 4 Resistance (R1-R4), and 4 Support (S1-S4) levels.
4️⃣ Fetching Previous Period Data
pinescript
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daily_high = request.security(syminfo.tickerid, "D", high )
daily_low = request.security(syminfo.tickerid, "D", low )
daily_close = request.security(syminfo.tickerid, "D", close )
Uses request.security() to get previous day/week/month high, low, and close prices.
5️⃣ Auto-Switching Logic for Pivot Levels
pinescript
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pivot = is_daily ? daily_pivot : is_weekly ? weekly_pivot : is_monthly ? monthly_pivot : na
r1 = is_daily ? daily_r1 : is_weekly ? weekly_r1 : is_monthly ? monthly_r1 : na
s1 = is_daily ? daily_s1 : is_weekly ? weekly_s1 : is_monthly ? monthly_s1 : na
Dynamically assigns the correct pivot levels based on current timeframe.
6️⃣ Plots Pivot Levels on Chart
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plot(pivot, color=color.blue, title="Pivot", linewidth=2)
plot(r1, color=color.red, title="R1", linewidth=1)
plot(s1, color=color.green, title="S1", linewidth=1)
Uses plot() to draw pivot levels, support, and resistance levels.
Color coding:
Blue → Pivot
Red → Resistance (R1–R4)
Green → Support (S1–S4)
7️⃣ Plots Previous Highs & Lows (Circles on Chart)
pinescript
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plot(daily_high_plot, color=color.red, title="Previous Daily High", linewidth=2, style=plot.style_circles)
Circles mark previous high and low for daily, weekly, and monthly periods.
🎯 Final Output on TradingView Chart
✅ Auto-adjusts pivot levels based on chart timeframe
✅ Displays support & resistance levels dynamically
✅ Marks previous period highs & lows with circles
✅ Works with any intraday or higher timeframe chart
🔥 Why Use This Indicator?
✔ Automatically selects the correct pivot timeframe
✔ Saves time by avoiding manual calculations
✔ Helps traders identify key price levels for entries/exits
✔ Great for intraday, swing, and positional trading
📈 How to Find Buying & Selling Opportunities Using This Auto Pivot Levels Indicator
This Auto Pivot Levels indicator helps traders identify support & resistance zones, which can be used for buying and selling decisions.
1️⃣ Buying Opportunities (Long Trades)
✅ Buy when price is near support levels (S1, S2, S3, S4)
If the price approaches S1, S2, or S3 and shows a reversal, it’s a potential buying opportunity.
Look for bullish candlestick patterns (e.g., Hammer, Bullish Engulfing) or oscillator confirmation (e.g., RSI oversold).
✅ Buy on a breakout above pivot or resistance (Pivot, R1, R2)
If the price breaks above the Pivot with strong volume, it indicates bullish momentum.
A breakout above R1 can push the price toward R2 and R3.
🔹 Example Buy Strategy:
Buy when the price bounces from S1 or S2 with a bullish candlestick pattern.
Buy on a breakout above Pivot (PP) or R1 with strong volume.
Stop-loss (SL): Below the previous swing low or S2.
Target (TP): Next resistance level (R1, R2, R3).
2️⃣ Selling Opportunities (Short Trades)
❌ Sell when price is near resistance levels (R1, R2, R3, R4)
If the price approaches R1, R2, or R3 and fails to break, it’s a selling opportunity.
Look for bearish candlestick patterns (e.g., Shooting Star, Bearish Engulfing) or oscillator confirmation (e.g., RSI overbought).
❌ Sell on a breakdown below pivot or support
If the price breaks below the Pivot with strong volume, it indicates bearish momentum.
A breakdown below S1 can push the price toward S2 and S3.
🔹 Example Sell Strategy:
Sell when the price gets rejected from R1 or R2 with a bearish candlestick pattern.
Sell on a breakdown below Pivot (PP) or S1 with strong volume.
Stop-loss (SL): Above the previous swing high or R2.
Target (TP): Next support level (S1, S2, S3).
3️⃣ Example Trade Setups
Scenario Entry Point Stop-Loss (SL) Target (TP)
Buy at Support Bounce from S1 or S2 Below S2 R1 or Pivot
Buy Breakout Break above Pivot or R1 Below Pivot R2 or R3
Sell at Resistance Rejection at R1 or R2 Above R2 S1 or Pivot
Sell Breakdown Break below Pivot or S1 Above Pivot S2 or S3
📌 Additional Confirmation for High-Accuracy Trades
✔ RSI (Relative Strength Index):
Buy when RSI < 30 (oversold) near support.
Sell when RSI > 70 (overbought) near resistance.
✔ MACD (Moving Average Convergence Divergence):
Buy when MACD crosses above Signal Line near support.
Sell when MACD crosses below Signal Line near resistance.
✔ Volume Confirmation:
Strong buying volume at support increases the chance of reversal.
Strong selling volume at resistance confirms a potential drop.
🎯 Conclusion
Support levels (S1, S2, S3) → Potential Buy Zones
Resistance levels (R1, R2, R3) → Potential Sell Zones
Pivot Breakout → Bullish
Pivot Breakdown → Bearish
Confirm with RSI, MACD, and Volume for best results.
🚀 Using this strategy, you can trade BankNIFTY or any market effectively! Let me know if you need more custom rules. 🎯
Advanced 1-Minute Open Range Breakout IndicatorThis indicator is designed for the market on a 1-minute chart. It calculates the open range based on the first 5 minutes after the market open (09:30 – 09:35) and plots the high and low of this period as the daily resistance and support levels respectively. Additionally, the indicator displays the previous day’s high and low as blue horizontal lines, providing extra reference levels.
Trade signals are generated only during the active trading session (09:35 – 16:00). The advanced trade logic works as follows:
• For long entries:
- When the price first breaks above the open range high, the indicator enters a “breakout” state.
- If the price then retraces to (or below) the open range high, it moves to a “retest” state.
- Finally, if the price breaks above the open range high again, a long signal is issued.
• For short entries:
- When the price first breaks below the open range low, the indicator enters a “breakdown” state.
- If the price then retraces to (or above) the open range low, it moves to a “retest” state.
- Finally, if the price breaks below the open range low again, a short signal is issued.
All signals and the open range lines are only displayed during the trading session (09:35 to 16:00).
Use this indicator to help identify high-probability breakout setups in the early part of the trading day.
Bollinger Bands with EMAsBollinger bands custom setting with ema.
With in band capture only trend directional trade by ema crossover or ema support. Don't capture opposit direction trade.
outside Band capture only directional trending move and reversal trade also (by checking other parameter ) with help of ema crossover changes.
Style need to adjust as per user requirement.
Ayhan Oran indicator 1bu indikatörü trading viewdw yayınlıyacağım bana bu indikatör için özet geçermisin
Crystal Cloud EMA - by Crystal Forex📢 Introducing the Crystal Cloud EMA Indicator! 🚀
This custom-built Ichimoku Cloud + EMA (50 & 200) hybrid indicator helps traders identify trends, support/resistance zones, and potential trade opportunities with high accuracy.
🔹 Key Features:
✅ Ichimoku Cloud: Dynamic support/resistance with Senkou Span A & B
✅ EMA 50 & EMA 200: Strong trend confirmation & cross signals
✅ Bullish/Bearish Cloud Zones: Visual color-coded trend direction
✅ Ideal for Forex, Crypto, and Stocks Trading
📌 How to Use?
🔹 Buy Signal: When price is above the cloud & EMA 50 crosses EMA 200 upward 📈
🔹 Sell Signal: When price is below the cloud & EMA 50 crosses EMA 200 downward 📉
🔹 Cloud Breakout: Strong momentum shift when price breaks through the cloud
📽 Watch the Full Video Tutorial on My YouTube Channel! 🎥 CrystalForex22
youtu.be
🔔 Don’t forget to like, comment, and follow for more powerful indicators! 💡
#TradingView #Forex #Crypto #Ichimoku #EMA #CrystalForex
Custom Volume IndicatorThe Custom Volume Indicator is a TradingView Pine Script indicator that visualizes market volume using a color-coded histogram. It helps traders analyze volume trends and confirm price movements.
Features:
Volume Histogram: Displays volume bars in red or green.
Green bars: Volume has increased compared to the previous bar.
Red bars: Volume has decreased compared to the previous bar.
Volume Moving Average (SMA 20): A 20-period SMA is overlaid on the volume bars, providing a smoother trend indication.
This indicator is useful for identifying volume spikes, trend confirmations, and potential reversals.
MA Crossover StrategyMA Crossover Strategy
This script implements a Simple Moving Average (SMA) crossover strategy, a widely used technique in trend-following trading systems. It helps traders identify potential buy and sell opportunities based on the relationship between two moving averages:
A fast-moving average (default: 9-period SMA)
A slow-moving average (default: 21-period SMA)
How It Works
Buy Signal (Long Entry): A long position is opened when the fast-moving average crosses above the slow-moving average. This suggests an uptrend is forming.
Exit Signal: The position is closed when the fast-moving average crosses below the slow-moving average, indicating a possible trend reversal.
Why This Script is Useful
Simple Yet Effective: Moving average crossovers are a core concept in technical analysis, providing a structured approach to identifying trends.
Customizable: Traders can modify the fast and slow MA lengths to suit different market conditions.
Visualization: The script plots the fast MA in blue and the slow MA in red, making crossovers easy to spot.
Automated Execution: It can be used as a strategy to backtest performance or automate trades in TradingView.
This script is ideal for traders looking for a straightforward trend-following strategy, whether they trade stocks, forex, or crypto.
Simple Forex Trading Strategysimple Forex trading strategy using a moving average crossover with stop-loss and take-profit levels