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EMA/RMA clouds by AlpachinoRE-UPLOAD The indicator is designed for faster trend determination and also provides hints about whether the trend is strong, weaker, or if a range is expected. It consists of an exponential moving average (EMA) and a slower smoothed moving average (RMA). I chose these because EMA is the fastest and is respected by the market, while I discovered through practice that the market often respects RMA, and in some cases, even more than EMA. Their combination is necessary because I want to take advantage of the best qualities of both averages. Displaying averages based solely on the close values creates a simple line that the market might respect. However, this is often not the case. Market makers know that many traders still believe in the theory that closing above/below an EMA signals a valid new trend. They commonly apply this belief to EMA200. Traders think that if the market closes below EMA, it signals a downtrend. That’s not necessarily true. This misconception often traps inexperienced traders. For this reason, my indicator does not include a separate line. I use what are called envelopes. In other words, for both EMA and RMA, the calculation uses the high and low of the selected period, which can be chosen as an input in the indicator. Why did I choose high and low? To stabilize price fluctuations as much as possible, especially to allow enough space for the price to react to the moving average. This reaction occurs precisely between the high and low. Modes: EMA Cloud – This is the most common envelope in terms of averages. It shows the best reactions with a period of 50. What should you observe: the alignment of the envelope or its slope. Usage: Breakouts through the entire envelope tend to be strong, which signals that the trend may change. However, what interests you most is that the first test of the envelope after a breakout is the most successful entry point for trades in the breakout direction. In an uptrend, the first support will be the high of the envelope, and the second (let’s call it the "ultimate support") will be the low of the envelope. If, during an uptrend, the market closes below the low, be cautious, as the trend may reverse. If the envelope is broken, trade the retest of the envelope. In general, if the price is above the envelope, focus on long trades; if it’s below the envelope, focus on short trades. Double Cloud – Since we already know that highs and lows are more relevant for price respect, I utilized this in the double cloud. Here, I use calculations for EMA and RMA highs and EMA and RMA lows. The core idea is that since the price often reacts more to RMA than EMA, I wanted to eliminate attempts by market makers to lure you into incorrect directions. By creating more space for the price to react to the highs or lows, I made the cloud fill the area between EMA and RMA highs. This serves as the last zone where the price can hold. If the price breaks above this high cloud during a return, this doesn’t happen randomly—you should pay attention, as it’s likely signaling a range or a trend change. The same applies to the low cloud for EMA and RMA. The advantage of the double cloud is that you can see two clouds that may move sideways. This can resemble two walls—and they really act as such. Usage: Let’s say we have a downtrend. The market seems to be experiencing a downtrend exhaustion. Here's the behavior you might observe: The price returns to the EMA/RMA low; the first reaction may still have some strength, but each subsequent return will move higher and higher into the cloud with increasingly smaller rejections downward. This indicates the absorption of selling pressure by bullish pressure. Eventually, the price may close above the cloud, significantly disrupting the downtrend and potentially signaling a reversal. A confirmation of the reversal is usually seen with a retest of the cloud and a bounce upward into an uptrend. The second scenario, which you’ll often see, involves sharp and significant moves through both envelopes. This kind of move is the strongest signal of a trend change. However, do not jump into trades immediately—wait for the first retest, which is usually successful. Additional tests may not work, as the breakout might not signify a trend change but rather a range. When the clouds are far apart, it signals a weak trend or that the market is in a range. You will see that this is generally true. When the clouds cross or overlap, their initial point of contact signals the start of a stronger trend. The steeper the slope, the stronger the trend.
Indikator Pine Script™
oleh Alpachino97
Volume-Based RSI Color Indicator with MAsVolume-Based RSI Color Indicator with MAs Overview This script combines the Relative Strength Index (RSI) with volume analysis to provide an enhanced perspective on market conditions. By dynamically coloring the RSI line based on overbought/oversold conditions and volume thresholds, this indicator helps traders quickly identify high-probability reversal zones. Additionally, it incorporates short-term and long-term moving averages (MAs) of the RSI for trend analysis, making it a versatile tool for scalping and swing trading strategies. Key Features Dynamic RSI Color Coding: The RSI line changes color based on two conditions: Overbought/High Volume: RSI is above the overbought threshold (default: 70) and volume exceeds the average volume by a user-defined multiplier (default: 2.0). The line turns red, indicating potential reversal zones. Oversold/High Volume: RSI is below the oversold threshold (default: 30) and volume exceeds the average volume by the multiplier. The line turns green, suggesting potential buying opportunities. Neutral Conditions: Default blue color for all other scenarios. Volume Integration: Unlike standard RSI indicators, this script incorporates volume data to refine signals, helping traders avoid false signals in low-volume environments. RSI Moving Averages: Two moving averages of the RSI (short-term and long-term) provide trend context: 200-period MA: Highlights the long-term trend in RSI values. 20-period MA: Shows short-term fluctuations for quick decision-making. Both MAs can be calculated using Simple or Exponential methods, giving users flexibility. Visual Aids: Horizontal lines at the overbought (70) and oversold (30) levels help define the boundaries of expected price action extremes. How It Works The script calculates the RSI over a user-defined length (default: 14). Volume data is compared to its moving average to determine if it exceeds the user-defined high-volume threshold. When RSI and volume conditions align, the RSI line is dynamically colored to indicate potential overbought/oversold zones. The RSI moving averages provide additional context to confirm trends or reversals. How to Use Identify Reversal Zones: Look for green RSI signals in oversold conditions to identify potential buying opportunities. Look for red RSI signals in overbought conditions to identify potential selling opportunities. Use Moving Averages for Confirmation: When the RSI is above its 200-period MA, the long-term trend is bullish; consider only long trades. When the RSI is below its 200-period MA, the trend is bearish; consider only short trades. Combine with Other Tools: This indicator works best when used alongside price action analysis, candlestick patterns, or support/resistance levels. Originality This script is unique in combining volume analysis with RSI and RSI-specific moving averages. While many indicators focus on RSI or volume separately, this script marries these two key metrics to filter out weak signals and improve trade decision accuracy. Chart Recommendations Clean Chart: Use this indicator on a clean chart without additional overlays for maximum clarity. Timeframes: Works well on intraday charts (e.g., 5m, 15m) for scalping and on higher timeframes (e.g., 1H, 4H, Daily) for swing trading. Disclaimer This indicator is a tool to aid trading decisions and should not be used in isolation. Always consider other factors such as market conditions, news events, and risk management.
Indikator Pine Script™
oleh Riccardo02
James//@version=5 indicator("Forex Entry Signals (RSI + EMA)", overlay=false) // Configuração do RSI rsiLength = input(14, "RSI Length") rsi = ta.rsi(close, rsiLength) // Configuração da EMA emaLength = input(50, "EMA Length") ema = ta.ema(close, emaLength) // Lógica de compra e venda buySignal = ta.crossover(close, ema) and rsi < 30 sellSignal = ta.crossunder(close, ema) and rsi > 70 // Plot do RSI plot(rsi, color=color.blue, linewidth=2, title="RSI") hline(70, "Overbought", color=color.red) hline(30, "Oversold", color=color.green) // Marcar setas no gráfico if buySignal label.new(bar_index, close, text="BUY", color=color.green, style=label.style_label_up, textcolor=color.white, size=size.small) if sellSignal label.new(bar_index, close, text="SELL", color=color.red, style=label.style_label_down, textcolor=color.white, size=size.small)
Indikator Pine Script™
oleh jamessousaneves
Advanced Pivot Point Dashboard📊 Advanced Pivot Point Dashboard 📊 This indicator is designed to help you analyze key price levels using Pivot Points, Support, and Resistance levels. It combines visual lines on the chart with a detailed table for a comprehensive trading experience. Here's what it offers: 🎯 Key Features: 📈 Pivot Point Calculation: Automatically calculates the Pivot Point (P) and Support/Resistance Levels (S1, S2, S3, R1, R2, R3) based on the previous day's high, low, and close prices. 📊 Table with Key Levels: Displays all levels in a clean and organized table. Shows the distance (%) of the current price from each level. Includes a trend indicator (Bullish 🟢, Bearish 🔴, or Neutral ⚪) based on the price relative to the pivot point. 📏 Visual Lines on the Chart: Draws horizontal lines for all key levels (Pivot Point, Supports, and Resistances). Lines are automatically updated daily. ⚠️ Visual Alerts: If the price is near a key level (within the specified alert distance), a warning icon (⚠️) appears in the table. 🔖 Optional Labels: You can enable labels on the chart to easily identify each level (P, R1, R2, R3, S1, S2, S3). 🛠️ How to Use: Add the Indicator: Copy and paste the code into the Pine Script editor in TradingView. Add the indicator to your chart. Customize Inputs: Show Labels: Toggle labels on the chart. Alert Distance (%): Set the percentage distance for visual alerts. Analyze Key Levels: Use the lines on the chart to identify potential support and resistance zones. Refer to the table for detailed information about each level, including distance and trend direction. Set Alerts: Use the warning icons (⚠️) in the table to identify when the price is approaching a key level. 📋 Table Columns: Level: The name of the level (e.g., Pivot Point, R1, S2). Price: The price value of the level. Distance (%): How far the current price is from the level (in percentage). Trend: Bullish 🟢, Bearish 🔴, or Neutral ⚪. Alert: A warning icon (⚠️) if the price is near the level. 🚀 Why Use This Indicator?: Comprehensive Analysis: Combines visual and tabular data for a complete view of key levels. Customizable: Adjust the alert distance and toggle labels as needed. Easy to Use: Perfect for both beginners and experienced traders. 📝 Example: If the price is near R1, you'll see a warning icon (⚠️) in the table and a horizontal line on the chart. The table will show the distance (%) from R1 and whether the trend is Bullish 🟢 or Bearish 🔴. 📌 Pro Tip: Combine this indicator with other tools like moving averages or volume analysis for even better trading decisions! Let me know if you have any questions or need further assistance! Happy trading! 🚀📈😊
Indikator Pine Script™
oleh tradingbauhaus
2
Bollinger Bands CustomThe indicator is a customized version of Bollinger Bands with added trading signals. This indicator is designed to help traders identify potential entry (buy) and exit (sell) points based on the interaction between the price and the Bollinger Bands. Below, I will explain in detail its purpose, how it works, and how to use it. Purpose of the Indicator The main purpose of this indicator is: Identify market volatility: Bollinger Bands expand and contract based on price volatility. Provide trading signals: The indicator generates buy signals (BUY) when the price crosses the lower band and sell signals (SELL) when the price crosses the upper band. Help identify dynamic support and resistance levels: The upper and lower bands act as dynamic resistance and support levels. How the Indicator Works The indicator is based on three main components: Moving Average (SMA): It calculates the simple moving average (SMA) of the price over a specified period (length). Bollinger Bands: The upper band is calculated as the moving average plus a standard deviation multiplied by a factor (mult). The lower band is calculated as the moving average minus a standard deviation multiplied by the same factor. Trading signals: A BUY signal is generated when the price crosses above the lower band. A SELL signal is generated when the price crosses below the upper band. How to Use the Indicator Here is a step-by-step guide on how to use the indicator on TradingView: 1. Add the Indicator to the Chart Copy the Pine Script code you created. Open TradingView and go to the Pine Editor. Paste the code and click "Add to Chart." The indicator will be displayed directly on the price chart. 2. Customize the Parameters You can customize the following parameters: Moving Average Length (length): Set the period for the moving average (default is 20). Price Source (source): Choose the price to use (default is the closing price). Standard Deviation Multiplier (mult): Set the multiplier for the standard deviation (default is 2.0). 3. Interpret the Signals BUY Signal: When you see a "BUY" label below a candle, it means the price has crossed above the lower band. This could indicate a buying opportunity. SELL Signal: When you see a "SELL" label above a candle, it means the price has crossed below the upper band. This could indicate a selling opportunity. 4. Use Bollinger Bands as Support and Resistance If the price approaches the upper band, it might indicate a resistance level. If the price approaches the lower band, it might indicate a support level. 5. Monitor the Colored Background The chart background turns light green when there is a BUY signal and light red when there is a SELL signal. This helps you quickly identify signals. Practical Example Suppose you are analyzing a daily chart of a stock or cryptocurrency: If the price crosses above the lower band, the indicator will show a "BUY" label. You might consider this as a signal to open a long position. If the price crosses below the upper band, the indicator will show a "SELL" label. You might consider this as a signal to close a long position or open a short position. Limitations and Considerations False signals: In range-bound markets, Bollinger Bands can generate many false signals. It is advisable to use this indicator in combination with other technical analysis tools. Extreme volatility: During periods of high volatility, the bands expand, and signals may become less reliable. Confirmation: It is always good practice to confirm signals with other indicators (e.g., RSI, MACD) or candlestick analysis. Conclusion My indicator is a useful tool for identifying potential trading opportunities based on Bollinger Bands. However, as with any indicator, it is important to use it in combination with other forms of analysis and risk management to maximize effectiveness. Happy trading! 🚀
Indikator Pine Script™
oleh helpfulRhino20269
1
Bitcoin Redpill 38tão. Multiplo de Mayer 200MMA & 2x 200MMAIndicador que plota no gráfico a estratégia do mestre Renato Trezoitão para compra, hold e venda nos momeentos de eufororia no Bitcoin. Consiste em uma MMA central de 200 períodos na cor azul, uma linha acima que indica quando o preço está 2x essa MMA de 200, na cor vermelha; Eu adicionei uma linha verde abaixo da MMA de 200 que indica 10% abaixo da MMA de 200, quando o mercado está acumulando. A aplicação é simples. Compra, acumula BTC abaixo da linha azul na região da linha verde, começa a vender na região da linha vermelha. Essa Estratégia respeita o multiplo de Mayer, exposta no Livro Bitcoin Red Pill do grande Renato trezoitão. Espero que gostem.
Indikator Pine Script™
oleh oh_mateus
Ichimoku with Shifted and Unshifted Senkou BIchimoku Kinko Hyo Indicator Explanation The Ichimoku Kinko Hyo is a comprehensive technical indicator designed to provide insights into the market's trend, support/resistance levels, and momentum, all in one glance. It consists of five main components: Tenkan-sen (Conversion Line): A fast-moving average. Kijun-sen (Base Line): A slower-moving average. Senkou Span A (Leading Span A): The average of Tenkan-sen and Kijun-sen, shifted forward in time. Senkou Span B (Leading Span B): A slower moving average of the high and low price over a period of 52 periods, shifted forward in time. Chikou Span (Lagging Line): The closing price shifted back in time by 26 periods. The Ichimoku indicator is typically used to identify the trend direction, momentum, and support/resistance levels. The cloud formed between Senkou Span A and Senkou Span B is key in identifying the market's overall trend.
Indikator Pine Script™
oleh traderjohnnalexand
MACD Profitability Dashboard🌟 MACD Profitability Dashboard 🌟 Welcome to the MACD Profitability Dashboard! This powerful indicator is designed to help you make smarter trading decisions by providing key insights into the performance of your MACD-based strategy. Whether you're a beginner or an experienced trader, this tool will give you a clear understanding of how your trades are performing and where you can improve. 🚀 📊 What Does It Do? This indicator tracks your trades based on MACD crossovers and calculates essential profitability metrics, such as: Win Rate 🎯 The percentage of winning trades out of all trades taken. Example: 60% means 6 out of 10 trades were profitable. Average Profit/Loss 💰 The average profit or loss per trade. Example: 10 m e a n s , o n a v e r a g e , e a c h t r a d e m a d e 10means,onaverage,eachtrademade10. Average Gain 📈 The average profit of your winning trades. Example: 20 m e a n s y o u r w i n n i n g t r a d e s m a d e 20meansyourwinningtradesmade20 on average. Average Loss 📉 The average loss of your losing trades. Example: 15 m e a n s y o u r l o s i n g t r a d e s l o s t 15meansyourlosingtradeslost15 on average. Risk-Reward Ratio ⚖️ The ratio of your average gain to your average loss. Example: 1.33 means you're gaining 1.33 times more than you're losing. Total Profit 💵 The cumulative profit from all your trades. Example: 500 m e a n s y o u r t o t a l p r o f i t a c r o s s a l l t r a d e s i s 500meansyourtotalprofitacrossalltradesis500. 🛠️ How to Use It Add the Indicator Simply add this script to your TradingView chart. Customize the Settings Adjust the MACD parameters (Fast Length, Slow Length, Signal Smoothing) to match your strategy. Toggle the display options to show or hide the MACD and Signal lines. Analyze the Dashboard Look at the Profitability Dashboard in the bottom-right corner of your chart. Use the metrics to evaluate your strategy's performance and identify areas for improvement. Make Smarter Trades Use the Win Rate and Risk-Reward Ratio to assess the effectiveness of your strategy. Focus on improving your Average Gain and reducing your Average Loss. 💡 Why Use This Indicator? Clear Insights: Get a quick snapshot of your trading performance. Data-Driven Decisions: Use real metrics to refine your strategy. Easy to Use: No complicated setup—just add it to your chart and start analyzing. Customizable: Adjust the settings to fit your trading style. 🚀 Take Your Trading to the Next Level With the MACD Profitability Dashboard, you'll have all the tools you need to make informed, data-driven decisions. Whether you're looking to improve your win rate, optimize your risk-reward ratio, or simply track your progress, this indicator has you covered. Start using it today and see the difference it makes in your trading! 🌟 Happy trading! 💹📊
Indikator Pine Script™
oleh tradingbauhaus
Dashboard with Pattern Confirmation📊 Dashboard with Pattern Confirmation 📊 Welcome to the Dashboard with Pattern Confirmation indicator! This powerful tool is designed to help you identify key candlestick patterns and confirm their validity using additional technical indicators. Whether you're a beginner or an experienced trader, this dashboard provides a clear and concise overview of market conditions, helping you make better trading decisions. 🎯 What Does It Do? This indicator combines candlestick pattern detection with technical confirmation tools to give you a comprehensive view of the market. It detects two popular patterns: 🔨 Hammer: A bullish reversal pattern that often signals a potential price bounce. 📈 Bullish Engulfing: A strong bullish reversal pattern where a green candle completely engulfs the previous red candle. To ensure these patterns are reliable, the dashboard also includes: 📉 RSI (Relative Strength Index): Identifies overbought or oversold conditions. 📊 SMA 50 (Simple Moving Average): Confirms the trend direction (uptrend or downtrend). 📈 ATR (Average True Range): Measures market volatility. 📊 Volume: Tracks whether trading volume is increasing or decreasing. 🛠️ How to Use It Pattern Detection: The dashboard will show you if a Hammer or Bullish Engulfing pattern is present with a ✅ or ❌. Confirmation: For a pattern to be considered "Confirmed," it must meet additional criteria: The trend must be upward (price above SMA 50). The RSI must indicate oversold conditions (RSI < 30). Dashboard Overview: The table provides a quick snapshot of key metrics, including RSI, SMA 50, ATR, and Volume, along with their current status (e.g., "Uptrend," "Oversold," "High Vol"). 🚀 Why Use This Indicator? Save Time: No need to manually check multiple indicators—everything is displayed in one place. Increase Confidence: Confirmed patterns are more likely to lead to successful trades. Stay Informed: Real-time updates on market conditions help you stay ahead of the game. 💡 Pro Tips Combine this dashboard with other tools like support/resistance levels for even better results. Use the "Confirmed" status as a filter to avoid false signals. Adjust the table's position (e.g., position.bottom_right) if it obstructs your chart. 🌟 Happy Trading! With the Dashboard with Pattern Confirmation, you'll have all the essential information at your fingertips. Whether you're scalping, swing trading, or investing, this tool will help you trade smarter and more confidently. Let’s crush those goals! 🚀📈 Feel free to customize or tweak the indicator to suit your trading style. If you have any questions or suggestions, don’t hesitate to reach out. Happy trading! 🎉
Indikator Pine Script™
oleh tradingbauhaus
EXPONOVA by @thejamiulEXPONOVA is an advanced EMA-based indicator designed to provide a visually intuitive and actionable representation of market trends. It combines two EMAs (Exponential Moving Averages) with a custom gradient fill to help traders identify trend reversals, strength, and the potential duration of trends. This indicator uses a gradient color fill between two EMAs—one short-term (20-period) and one longer-term (55-period). The gradient dynamically adjusts based on the proximity and relationship of the closing price to the EMAs, giving traders a unique visual insight into trend momentum and potential exhaustion points. Key Features: Dynamic Gradient Fill: The fill color between the EMAs changes based on the bar's position relative to the longer-term EMA. A fading gradient visually conveys the strength and duration of the trend. The closer the closing price is to crossing the EMA, the stronger the gradient, making trends easy to spot. Precision EMA Calculations: The indicator plots two EMAs (20 and 55) without cluttering the chart, ensuring traders have a clean and informative display. Ease of Use: Designed for both novice and advanced traders, this tool is effective in identifying trend reversals and entry/exit points. Trend Reversal Detection: Built-in logic identifies bars since the last EMA cross, dynamically adjusting the gradient to signal potential trend changes. How It Works: This indicator calculates two EMAs: EMA 20 (Fast EMA): Tracks short-term price movements, providing early signals of potential trend changes. EMA 55 (Slow EMA): Captures broader trends and smoothens noise for a clearer directional bias. The area between the two EMAs is filled with a dynamic color gradient, which evolves based on how far the price has moved above or below EMA 55. The gradient acts as a visual cue to the strength and duration of the current trend: Bright green shades indicate bullish momentum building over time. Red tones highlight bearish momentum. The fading effect in the gradient provides traders with an intuitive representation of trend strength, helping them gauge whether the trend is accelerating, weakening, or reversing. Gradient-Filled Region: Unique visualization to simplify trend analysis without cluttering the chart. Dynamic Trend Strength Indication: The gradient dynamically adjusts based on the price's proximity to EMA 55, giving traders insight into momentum changes. Minimalist Design: The EMAs themselves are not displayed by default to maintain a clean chart while still benefiting from their analysis. Customizable Lengths: Pre-configured with EMA lengths of 20 and 55, but easily modifiable for different trading styles or instruments. How to Use This Indicator Trend Detection: Look at the gradient fill for visual confirmation of trend direction and strength. Trade Entries: Enter long positions when the price crosses above EMA 55, with the gradient transitioning to green. Enter short positions when the price crosses below EMA 55, with the gradient transitioning to red. Trend Strength Monitoring: A brighter gradient suggests a sustained and stronger trend. A fading gradient may indicate weakening momentum and a potential reversal. Important Notes This indicator uses a unique method of color visualization to enhance decision-making but does not generate buy or sell signals directly. Always combine this indicator with other tools or methods for comprehensive analysis. Past performance is not indicative of future results; please practice risk management while trading. How to Use: Trend Following: Use the gradient fill to identify the trend direction. A consistently bright gradient indicates a strong trend, while fading colors suggest weakening momentum. Reversal Signals: Watch for gradient changes near the EMA crossover points. These can signal potential trend reversals or consolidation phases. Confirmation Tool: Combine EXPONOVA with other indicators or candlestick patterns for enhanced confirmation of trade setups.
Indikator Pine Script™
oleh thejamiul
GOLDEN Trading System by @thejamiulGolden Pivot by thejamiul is the ultimate trading companion, meticulously designed to provide traders with precise and actionable market levels for maximizing trading success. With its innovative blend of pivot systems, high/low markers, and customizable features, this indicator empowers you to execute trades with accuracy and confidence. Source of this indicator : This indicator is based on @TradingView original pivot point ( pivot point standard ) indicator with lot of custom and added features to identify breakouts. Bellow detail list of features with explanations. What Makes Golden Pivot Unique? This indicator integrates multiple pivot methodologies and key levels into one powerful tool, making it suitable for a wide variety of trading strategies. Whether you're into breakout trading, virgin trades, or analyzing market trends, Golden Pivot Pro v5 has got you covered. Key Features: Camarilla Pivots: Calculates H3, H4, H5, L3, L4, and L5 levels dynamically. Helps identify strong support and resistance zones for reversal or breakout opportunities. Floor Pivots: Classic pivot point along with BC (Bottom Center) and TC (Top Center) levels for intraday and swing trading setups. Multi-Timeframe High/Low Levels: Plots static high/low markers for yearly, monthly, weekly, and daily timeframes. Provides clarity on major market turning points and breakout zones. Close Price Levels: Highlights yearly, monthly, weekly, and daily close prices to aid in understanding market bias. Custom Timeframe Selection: Flexibly choose daily, weekly, monthly, or yearly pivot resolutions to suit your trading style and objectives. Comprehensive Visualization: Color-coded levels for quick recognition of significant zones. Dynamic updates to adapt to changing market conditions seamlessly. EXPONOVA: In input tab you will get EXPONOVA, it is build with two ema and gradient colours. It is very important for trend identification because if we only use pivot, we can not tell the market direction easily. So if you use the EXPONOVA we can easily tell the market trend because when the market is in up trend the EXPONOVA will be green and when the market is in downtrend the EXPONOVA will be red. So if we use pivot and EXPONOVA together we can build a rubout strategy. This indicator enables you to implement strategies like: Breakout Trading: Identify critical levels where price might break out for momentum trades. Virgin Trades: Use untouched levels for precision entries with minimal risk. Trend Reversals: Spot overbought or oversold zones using Camarilla and Floor Pivots. Range-Bound Markets: Utilize high/low levels to define boundaries and trade within the range. How to Use Golden Pivot by thejamiul for High-Accuracy Trading? 1. Breakout Trading If you like breakout trading then this indicator can help you a lot, here we will only take those trade which are broke green zone or red zone. Here green zone mean H3, to H4, and red zone mean L3, L4 . If price closes above green zone then we will plan to go Long and if price closes bellow red zone then we will plan to go Short. As you can see on the chart when price break the green zone, the market shoot up! 2. Range-Bound Trading: When market are in range bound mode, usually we fear to take trade because we don't have clear idea about major support or resistance and how to take trade in such market. But if you use this indicator it will show you the major support and resistance zone which are red and green colours in this indicator. In range bound market, market usually trade between red zone and green zone so we can trade accordingly.
Indikator Pine Script™
oleh thejamiul