EMA Screener with Day BreakoutsThe present script is aimed at screening number of stocks as per user input with respect to Daily Exponential Moving Average. Default is set at 200 DEMA, it can be changed by the user from settings menu as per user's preference.
The EMA cell illuminates to Green if Day's Open < EMA
The EMA cell illuminates to Purple if Day's Open > EMA
EMU cell shows the price as, EMA * EMA Price Multiplier (i.e. range below EMA, customizable from settings by user)
EMU cell illuminates to light Green when Price > EMU (i.e. the price is in range of EMA, For example suppose EMA value is 1000 and EMA Price Multiplier is 0.95 then the EMU cell value will be 950 as soon as the price crosses above 950 the EMU cell will get illuminated)
EMD cell shows the price as, EMA * EMA Price Multiplier (i.e. range above EMA, customizable from settings by user)
EMD cell illuminates to red when Price < EMD (i.e. the price is in range of EMA, For example suppose EMA value is 1000 and EMA Price Multiplier is 1.05 then the EMD cell value will be 1050 as soon as the price crosses below 1050 the EMD cell will get illuminated)
The DBO (Day Break Out) cell illuminates to Blue when the current price is near Day's high.
--Dr. Vats
Disclaimer: Only for studying price movement ideas, trading is not advised.
Educational
Linear On MACDUnlocking the Magic of Linear Regression in TradingView
In the ever-evolving world of financial markets, traders and investors seek effective tools to gauge price movements, make informed decisions, and achieve their financial goals. One such tool that has proven its worth over time is linear regression, a mathematical concept that has found its way into technical analysis and trading strategies. In this blog post, we will explore the magic behind linear regression, delve into its history, and understand how it's widely used as a technical indicator.
The Birth of Linear Regression: From Mathematics to Trading
Linear regression is a statistical method that aims to model the relationship between two variables by fitting a linear equation to observed data. The formula for a linear regression line is typically expressed as y = a + bx, where y is the dependent variable, x is the independent variable, a is the intercept, and b is the slope.
While the roots of linear regression trace back to the field of statistics, it didn't take long for traders and investors to recognize its potential in the financial world. By applying linear regression to historical price data, traders can identify trends, assess the relationship between variables, and even predict potential future price levels.
The Linear On MACD Strategy
Let's take a closer look at a powerful example of how linear regression is employed in a trading strategy right within TradingView. The "Linear On MACD" strategy harnesses the potential of linear regression in conjunction with the Moving Average Convergence Divergence (MACD) indicator. The goal of this strategy is to generate buy and sell signals based on the interactions between the predicted stock price and the MACD indicator.
Here's a breakdown of the strategy's components:
Calculation of Linear Regression: The strategy begins by calculating linear regression coefficients for the historical stock price based on volume. This helps predict potential future price levels.
Predicted Stock Price: The linear regression results are then used to plot the predicted stock price on the chart. This provides a visual representation of where the price could trend based on historical data.
Buy and Sell Signals: The strategy generates buy signals when certain conditions are met. These conditions include the predicted stock price being between the open and close prices, a rising MACD, and other factors that suggest a potential bullish trend. On the other hand, sell signals are generated based on MACD trends and predicted price levels.
Risk Management: The strategy also incorporates risk tolerance levels to determine entry and exit points. This ensures that traders take into account their risk appetite when making trading decisions.
Embracing the Magic of Linear Regression
As we explore the "Linear On MACD" strategy, we uncover the power of linear regression in aiding traders and investors. Linear regression, a mathematical marvel, seamlessly merges with technical analysis to provide insights into potential price movements. Its historical significance in statistics blends perfectly with the demands of modern financial markets.
Whether you're a seasoned trader or a curious investor, the Linear On MACD strategy exemplifies how a robust mathematical concept can be harnessed to make informed trading decisions. By embracing the magic of linear regression, you're tapping into a tool that continues to evolve alongside the financial world it empowers.
Disclaimer: The information provided in this blog post is for educational purposes only and does not constitute financial advice. Trading and investing carry risks, and it's important to conduct thorough research and consider seeking professional advice before making any trading decisions.
first fvg @joshuuuThis indicator was created to display and alert the user for the first Fair Value Gap (FVG) of up to three trading sessions.
Bullish FVG occurs when the high of the first candle is lower than the low of the third candle, resulting in a price gap between them.
Conversely, a Bearish FVG takes place when the low of the first candle is higher than the high of the third candle, leading to a gap between these prices.
ICT emphasizes on three crucial timeframes: 3-4 am NY, 10-11 am NY, and 2-3 pm NY, collectively referred to as the 'silver bullet' times. The very first FVG formed during these periods can significantly impact the remainder of that trading session.
Building upon these concepts, CasperSMC developed a strategy involving buying/selling the very first FVG and placing a stop order just above/below the candle responsible for creating the FVG.
The strategy aims for a consistent 2-to-1 Reward-to-Risk ratio (2RR).
This indicator serves to support the strategy by not only displaying those fvgs but also sending alerts, reducing the need for constant screen monitoring.
AlpHay : ToolKitToolKit:
First Impressions for Securities; (like crime scene investigators) 🧐
Our first job is to understand "What did happen here?" (historically, like Price Ranges or Price Performances) 🤔
Secondly, we try to figure out "where are we now?" (like common indicators or Moving Averages) 🤔
Then "What was the chain of events?" (macro, local, fundamentals, shorts, etc.)
Note: There are a lot of useful scripts out there, but If you want to see my approach for "Fundamentals" or "Finra Short Report" scripts, have a look.
Now we have a Clue. 😎
Includes;
1. Daily Metrics (Price performance, Price Difference, Volume, Trade)
2. Historic Price Performances
3. Historic Price ranges
4. RSI and MACD (you can change) Indicators for four "Time Frame" (you can change also)
5. Moving Averages (also shows daily values on the chart)
* Easy to customize.
* You can be positioned where ever you need. (be careful about overlays)
* You can turn on/off tables for your daily usage.
* You can flip Horizontally for some of the tables.
* Always look at tooltips (mouse over for Averages etc.)
I hope you enjoy it.
Disclaimer and Warning!
* Do not forget this is my Interpolation of the data sets. You can't invest in relying on this indicator. This is just a visual representation of the data sets.
* Just be careful what you wish for. And search for anomalies.
// ToDO List.
* Pre/Post Market Price and Volume
PDHL levels with INTRADAY Auto FIBThe present script includes Previous day High/low levels and once the PDH or PDL breaks the present bar's background changes color according to the direction of price breakout.
It's helpful when working on lower timeframe charts with small screen space, so that the user can know that the PDHL has been taken out in one glance at the chart instead of scrolling all around to find out whether the PDH or PDL are broken or not.
The high and low of day before yesterday are also plotted for reference.
The intraday fib levels get drawn taking present day's high and low into account, useful to mark support/retest levels.
The color of the intraday AUTO FIB high and low lines also change from gray to respective assigned colors once the present day price crosses PDH or PDL this is helpful while viewing charts on mobile app.
Disclaimer: Only for studying price movement ideas, trading is not advised.
Symbol Searcher [EmuMoon]Introducing the EmuMoon 'Symbol Searcher'. Your go-to tool for quickly comparing and discovering the best coins/symbols to trade.
With this nifty tool, you can easily search and compare 40+ different coins/symbols simultaneously to find the most volatile ones, while also identifying coins that are already correlated to the ones you're trading. That way, you can diversify your portfolio and avoid putting all your eggs in one basket.🧺🐣
The Symbol Searcher lets you sort by volatility, correlation and weighted combinations of both. You can even input your own coins/symbols to see how they stack up. It's a fun way to explore the crypto/trading market and find new opportunities.
You can also add the 'Symbol Searcher' to the chart multiple times to display even more symbols. This works excellent with the other DCA Tools that are Advanced!
Features
The EmuMoon 'Symbol Searcher' has a number of features, including:
• Optimal Coin Selection - The 'Top Picks' Table automatically populates with coins/symbols exhibiting the most desirable values that are well suited to trading.
• 'Sort By' Drop-Down - Explore a wide range of sorting options to discover coins/symbols that align with your target goals and preferences.
• Lookback Duration - Small or broad, you can specify the quantity of bars/candles that are used when performing internal calculations.
• Customisable View - Choose the Quantity of Pairs to Compare and also separately choose the Quantity of Pairs to Display.
• Real-Time Data - Receive up-to-the-minute data on coins/symbols, pick any time frame interval to make informed and timely choices.
• Quick & Easy - You can search, compare and analyse a wide range of coins with speed and convenience and no complex setup.
• Default Pairs - Carefully selected from Binance USDT Spot, the top 40 pairs with a 'Maximum Supply' based on the highest statistics at the time of creating. Add your own at any time.
• Connectivity - Use on the go, on any device. Settings menu and display tables have been optimized to look great on Mobile as well as PC, Browser, App, Laptop, Mobile, Tablet etc.
• Fast Loading - Streamlined array/table structure means enhanced script compile times, significantly improving script compiling times and timeout errors.
Settings
• Show Main Table - Show or hide the main coin selection table.
• Display X Pairs - Choose how many pairs to display.
• Compare X Pairs - Choose how many pairs to compare.
• Lookback - Choose the quantity of bars/candles to be used for the Correlation and Volatility calculations.
• Sort By - Choose how the main table is sorted.
• Show Top Picks Table - Show or hide the Top Picks Table.
• + Corr X Vol - Choose the quantity of High Correlation + High Volatility coins to show on the Top Picks Table.
• - Corr X Vol - Choose the quantity of Low Correlation + High Volatility coins to show on the Top Picks Table.
• o Corr X Vol - Choose the quantity of Neutral Correlation + High Volatility coins to show on the Top Picks Table.
• Symbol Input 1 - To check for correlation, the script utilizes coin slot number 1 as a reference, comparing it against all the coins numbered 2~40.
• Symbol Inputs 2~40 - Customize the coin inputs (2~40) according to your preference.
• Table Position - Adjust location of table plotted on chart. You can also add the 'Symbol Searcher' to the chart multiple times to display even more symbols. 🎉
• Info & Help - Some great information about the script and its features
• Text Size - Whether you are on PC, App, or Tablet, you can adjust the view to fit your device.
Usage
While statistics provide valuable insights, they should not be solely relied upon as an indicator of future results. This script serves as a tool traders can utilise to help gain an overview of the market landscape, and quickly compare and identify potential opportunities, enhancing their decision-making process. To use the indicator, simply input your chosen coins/symbols or use the defaults, select the quantity you want to compare, choose a sorting option, you can also generate a Top Picks list based on the highest performing values by using the +/-/o Corr X Vol quantity selections.
IND-Range Box [Salar Kamjoo]Hello to all dear traders,
One of the trading methods in financial markets is Range Box Trading. Ranges are specific price levels where the market reaches equilibrium, meaning the buying force is roughly equal to the selling force. Consequently, the market neither moves significantly upwards nor downwards; it oscillates within a particular range. The indicator I have designed for you is based on this concept. It utilizes the number of candles and their oscillations to identify specific ranges on the chart. These ranges are drawn based on the maximum and minimum of the box.
The optimal time for trading and using this indicator is when the market is less volatile, specifically outside of the overlapping London and New York sessions. Additionally, be cautious during news releases as they might lead to stop-hunting scenarios. Therefore, the best time to employ this indicator is when the market is relatively calm.
This indicator has 4 settings:
Setting Number 1: Number of Candles
This setting determines the number of candles involved in calculating the range boxes. A higher value indicates longer range boxes will be identified for you, while a lower value results in quicker recognition of range boxes. However, a smaller value may reduce the reliability of the identified range boxes. The recommended value for this setting may vary for each currency pair and time frame.
s3.tradingview.com
Setting Number 2: Range Percentage
This setting determines the maximum percentage difference between the high and low of the identified range box. (These settings are interconnected with Setting Number 3, as your choice in Setting Number 3—whether to base the range box calculation on the high or low, or on the candle close—will impact how this range percentage is applied.)
s3.tradingview.com
Setting Number 3: Calculation Basis
This setting determines whether the maximum width of the range box is based on the highest or lowest points, or if it is calculated based on the closing prices of the candles.
s3.tradingview.com
s3.tradingview.com
Setting Number 4: Number of Extended Candles
This visual setting determines the extension of your range box forward by a specified number of candles.
Another valuable feature of this indicator is the ability to configure alerts. By setting up alerts, you can promptly receive notifications whenever a range box is identified on the chart. This ensures that you are promptly informed about potential trading opportunities.
If you have any questions feel free to ask in the comments section.
be profitable :)
Elliott Wave with Supertrend Exit - Strategy [presentTrading]## Introduction and How it is Different
The Elliott Wave with Supertrend Exit provides automated detection and validation of Elliott Wave patterns for algorithmic trading. It is designed to objectively identify high-probability wave formations and signal entries based on confirmed impulsive and corrective patterns.
* The Elliott part is mostly referenced from Elliott Wave by @LuxAlgo
Key advantages compared to discretionary Elliott Wave analysis:
- Wave Labeling and Counting: The strategy programmatically identifies swing pivot highs/lows with the Zigzag indicator and analyzes the waves between them. It labels the potential impulsive and corrective patterns as they form. This removes the subjectivity of manual wave counting.
- Pattern Validation: A rules-based engine confirms valid impulsive and corrective patterns by checking relative size relationships and fib ratios. Only confirmed wave counts are plotted and traded.
- Objective Entry Signals: Trades are entered systematically on the start of new impulsive waves in the direction of the trend. Pattern failures invalidate setups and stop out positions.
- Automated Trade Management: The strategy defines specific rules for profit targets at fib extensions, trailing stops at swing points, and exits on Supertrend reversals. This automates the entire trade lifecycle.
- Adaptability: The waveform recognition engine can be tuned by adjusting parameters like Zigzag depth and Supertrend settings. It adapts to evolving market conditions.
ETH 1hr chart
In summary, the strategy brings automation, objectivity and adaptability to Elliott Wave trading - removing subjective interpretation errors and emotional trading biases. It implements a rules-based, algorithmic approach for systematically trading Elliott Wave patterns across markets and timeframes.
## Trading Logic and Rules
The strategy follows specific trading rules based on the detected and validated Elliott Wave patterns.
Entry Rules
- Long entry when a new impulsive bullish (5-wave) pattern forms
- Short entry when a new impulsive bearish (5-wave) pattern forms
The key is entering on the start of a new potential trend wave rather than chasing.
Exit Rules
- Invalidation of wave pattern stops out the trade
- Close long trades on Supertrend downturn
- Close short trades on Supertrend upturn
- Use a stop loss of 10% of entry price (configurable)
Trade Management
- Scale out partial profits at Fibonacci levels
- Move stop to breakeven when price reaches 1.618 extension
- Trail stops below key swing points
- Target exits at next Fibonacci projection level
Risk Management
- Use stop losses on all trades
- Trade only highest probability setups
- Size positions according to chart timeframe
- Avoid overtrading when no clear patterns emerge
## Strategy - How it Works
The core logic follows these steps:
1. Find swing highs/lows with Zigzag indicator
2. Analyze pivot points to detect impulsive 5-wave patterns:
- Waves 1, 3, and 5 should not overlap
- Waves 3 and 5 must be longer than wave 1
- Confirm relative size relationships between waves
3. Validate corrective 3-wave patterns:
- Look for overlapping, choppy waves that retrace the prior impulsive wave
4. Plot validated waves and Fibonacci retracement levels
5. Signal entries when a new impulsive wave pattern forms
6. Manage exits based on pattern failures and Supertrend reversals
Impulsive Wave Validation
The strategy checks relative size relationships to confirm valid impulsive waves.
For uptrends, it ensures:
```
Copy code- Wave 3 is longer than wave 1
- Wave 5 is longer than wave 2
- Waves do not overlap
```
Corrective Wave Validation
The strategy identifies overlapping corrective patterns that retrace the prior impulsive wave within Fibonacci levels.
Pattern Failure Invalidation
If waves fail validation tests, the strategy invalidates the pattern and stops signaling trades.
## Trade Direction
The strategy detects impulsive and corrective patterns in both uptrends and downtrends. Entries are signaled in the direction of the validated wave pattern.
## Usage
- Use on charts showing clear Elliott Wave patterns
- Start with daily or weekly timeframes to gauge overall trend
- Optimize Zigzag and Supertrend settings as needed
- Consider combining with other indicators for confirmation
## Default Settings
- Zigzag Length: 4 bars
- Supertrend Length: 10 bars
- Supertrend Multiplier: 3
- Stop Loss: 10% of entry price
- Trading Direction: Both
Inflation-adjusted performanceOVERVIEW
The Inflation-adjusted performance indicator plots an adjusted closing price for the asset
on the main chart by multiplying the asset price by an inflation factor which is derived from CPI-U. The indicator has a `lookback` length, which is used to lookup the CPI-U index value from `lookback` years ago.
The inflation adjusted price is then calculated as `inflationAdjustedPrice = CPIToday / CPIBackThen * currentPrice`
CONCEPTS
This can be a useful tool to assess how an asset has performed as a store of value and inflation hedge over a given period.
The following are the key concepts and user inputs for the oscillator:
Input: The user can specify the lookback period, in years, using the `lookback` attribute on the settings widget. Defult is 13.
CPI Data: The indicator uses CPI data from tradingview's BLS feed.
Inflation Factor: An inflation factor is calculated by dividing today's CPI by the CPI from the lookback period. This factor represents the increase in prices due to inflation over the lookback period.
Inflation-adjusted Price: The offer price of the asset from `lookback` years ago is adjusted for inflation using the calculated inflation factor. This adjusted price represents what the offer price would be today if it had kept up with inflation.
ICT Kill Zones [dR-Algo]ICT Kill Zones Indicator by dR-Algo
Introducing the dR-Algo's ICT Kill Zones Indicator – a tool meticulously crafted to blend with the elegance of the ICT Concept of Kill Zones. Built for traders who seek clarity and focus, this unique indicator is tailored to highlight the essential time frames while ensuring minimal distraction from the core price action.
Key Features:
Three Kill Zones:
London Kill Zone: Kickstart your trading day with the London Kill Zone, highlighting the critical period between 03:00 to 04:00 (UTC-4). The London session, known for its volatility due to the overlapping of the Asian session, is captured precisely for your benefit.
NY AM Session: As the European markets gear towards close and the US markets come alive, our indicator emphasizes the activity from 10:00 to 11:00 (UTC-4). It’s a window where significant market moves often originate.
NY PM Session: Capture the late-day trading action between 14:00 to 15:00 (UTC-4). As markets prepare to close, this time frame can offer last-minute opportunities.
Subtle Yet Effective Visualization: Unlike many other indicators that bombard traders with an array of colors, our ICT Kill Zones Indicator is intentionally designed to be subtle. It provides just the right amount of visual emphasis without overwhelming the chart. The primary goal is to let traders focus on what truly matters: the price action.
User-Friendly Customization: The indicator's settings can be easily tailored to align with individual trading styles, allowing traders to adjust and tweak as per their preference.
Seamless Integration with Trading View: Smoothly integrates with your TradingView charts ensuring optimal performance and real-time responsiveness.
Why Choose Our ICT Kill Zones Indicator?
The market is flooded with indicators, each promising to be the 'next big thing.' What sets dR-Algo's ICT Kill Zones Indicator apart is its dedication to simplicity and effectiveness. It's not just about adding an indicator to your chart; it's about adding value to your trading experience. By seamlessly merging vital time frames without overshadowing the price action, we ensure traders get the best of both worlds.
Join the trading revolution with dR-Algo and embrace a focused approach to the markets.
Trade Manager & Position Size Tool & PnL Tracker [AlgoScopes] V1Position size tool, leverage calculator, trade tracker, money management, trade presentation, risk reward management, margin position, live profit and loss, that's all in this one Trade Manager indicator.
The idea for this indicator comes from two years ago when I was helping a friend who, at the request of 15-20 members from our telegram group, wanted to create a paid group and share our ideas for trade with them (it started as an experiment for just a month or two and ended with 15 months with over 500 trading ideas and signals, with a complete TA chart). If I had time to create this indicator back then for members, it would have been much easier for them to be able to understand and follow the trade idea that was presented through a classic chart, with all the things that a TA must have:
Entry (as well as the reason for entry),
Stop (where the idea for the trade is no longer valid),
Target (with the reason why it is the target for that trade),
Take profits (taking part of the profit on the way to the target).
The majority of members still did not understand how much position to trade, what is the possible profit or loss, if the margin trade is how much leverage to use, in one word “money management”. The most important rule that every trader must follow is "Plan your trade and trade your plan". Learn money management and you are halfway there to becoming a successful trader. It is only after all that, you learn to use some of the "holy grail" indicators. When you have mastered those first two rules, find and master your favorite indicator or trading style (the most important thing is to stick to those two rules). The margin | leverage is also included in the script, for which there are so many dilemmas, arguments and discussions. (that many who still do not understand margin, would trade that it is not passionate if it is controlled). Too much for an introduction, especially since this indicator has so much to explain.
Most importantly, this is an invite-only indicator, and there are so many free indicators on tradingview that can also serve you very well. As far as I know, all exchanges have a calculator tool to calculate the possible profit and loss for each trade you plan to take.
*This indicator is not recommended for scalping on a 1min chart because the script, as you will see, is very complex, so the loading time is longer than with simpler indicators.
💠 ABOUT THE SCRIPT
This script is made to help manage trade. In this one indicator you have the possibility to do technical analysis, calculation for trade (four types: account size risk, trade investment, maximum to lose or position size), monitor 'PnL' (profit and loss in real time) do the calculation in the second, maybe local currency, and set an alert (from entry to any other change in trade). As the script is made for general use, some slight differences are possible for real time 'PnL' or 'ROI'. Always do a test before you start trading with larger amounts. The script is recommended for intra day trading and above. The script is not recommended for scalping on the 1min chart
💎 PROCESS TO ADD SCRIPT TO CHART
Possible trade on break example trade
As this script is invite-only, to add it to the chart you need to click on Indicators and find it under the 'Invite-Only' section. When you add the script to the chart (as it is interactive), you will be asked to do 4 steps.
🔸 'SET TRADE TIME'
Click on the chart where the last vertical bar is.
If you are already in the trade, then find the bar|time where the trade started
(you want to follow trade or trade presentation)
🔸 1) 'SET ENTRY'
Click on the horizontal level where you want to place the Entry
🔸 2) 'SET STOP'
Click on the horizontal level where you want to set the Stop
🔸 3) 'SET TARGET
Click on the horizontal level where you want to place the Target
💎 CONFIRM INPUTS
After you have done those 4 steps, a popup will appear with the relevant inputs for the trade.
You will see that some inputs are already filled (done in those 4 steps before, Entry, Stop and Target). You can correct them if you want (you will sometimes notice a longer 'space decimal' for the trade ticker, but this will not affect the calculator or other parts of the script). You can do the rest of the inputs for trade or finish it later when the script is loaded on the chart (it is recommended to fill in 'Trade Type' and 'Amount'. Don't forget to click on the "Apply" button to load the script on the chart.
💎 INDICATOR LOADED ON CHART
• When the indicator is loaded on the chart (regardless of whether it is a new trade or a trade that has already started), the following items are displayed by default:
🔸 ' Trade Table ' shows all relevant information for the trade
🔸 ' Trade Box ' with lines for Entry, Stop and Target (Take Profits if enabled)
🔸 ' Trade Box Labels ' with relevant data
• The Entry label is also the trade status label, and if the trade is not active, by default it is the Entry color
If the trade is active or when a new trade reached Entry, several new things are noticeable:
• Entry|Status label as well as status row in table will change color as well as 'Entry Reached' text
• Several extra columns relative to trade will be added to the Entry|Status label
• 3 new columns will also appear on the Trade Table (Live PnL, Live min PnL and Live ROI)
• If Trail Stop is enabled, the label will change the text to T.Stop and change color depending on whether it is in loss or profit.
• If Trail Stop is enabled, inside Trade Box trail line it will follow price action inside the box, while the label will always be fixed at the initial level
• A vertical colored line will appear on the right side of the Trade Box (depending on whether the trade is in profit or loss) which shows as in the Trade Table like Live PnL
⚪ SETTINGS
💎 Trade Account Setup
🔸 ‘Trade Type’
• 'Account Capital' or portfolio (with combination '% Capital Risk')
• 'Investment' (how much you want to invest in the trade)
• 'Risk To Lose' (how much you want to risk losing)
• 'Position Size' (exact position size, units|share for trade)
🔸 ‘Account Type’
• If the account is in another currency or you want to see possible profit | loss in local currency
• Around 150 world and local currencies supported by ICE exchange
🔸 ‘Amount’
• Amount for ‘Trade Type’
🔸 ‘% Capital Risk’
• Only for ‘Account Capital’ trade type
(i.e. 10.000 account capital with ‘% Capital Risk’ 4 is 10.000 x 4% = maximum loss 400)
🔸 ‘Leverage’
• Enable|Disable for margin trade i size of leverage (maximum 125x)
(be sure to study how and when to use margin trade through the tutorial, because margin trade can be very dangerous. If you have not perfected margin trade, there is a great possibility of losing most or even all of your account capital).
💎 TRADE ENTRY & TARGET & STOP & T.STOP & DATE | TIME
🔸 ‘Trade Date & Time’
🔸 ‘Entry’
🔸 ‘Stop’
🔸 ‘Target’
• (all was set in the previous step but can be correct/adjusted if needed)
🔸 ‘Market Entry’
• Enabled will move Entry on that bar close
🔸 ‘Liquidation’ (enabled by default)
• Show ‘Warning’ if trade Stop is close or invalid (trade will hit liquidation before reached Stop level)
🔸 ‘Trailing Type’ (4 trailing stop type)
• ‘Disabled’ (Stop will stay the entire time at the initial stop level)
• ‘Continuous’ (I.Stop follow price by distance or percent when price reached Trail start level)
• ‘Stepped’ (I.Stop moves to previous level when price reached Trail start level)
• ‘Breakeven’ (I.Stop moves to Entry when price reached Trail start level)*
* (least one Take Profit enabled)
🔸 ‘Trailing Active’ (Entry, TP1, TP2 and TP3)
• Trailing stop starts level if ‘Trailing Type’ is enabled
🔸 ‘Trailing by’ (distance or percent)
• ‘Distance’ (T.Stop will follow price action by distance)
• ‘Percent’ (T.Stop will follow price action by percent)
(this is a good example to see the difference between trailing by initial distance and initial percentage)
🔸 ‘T.Stop Distance & Percent’ (initial distance and percent for table trade only)
• Useful for bot or exchange
🔸 ‘Stop, T.Stop, Target and TP’s in PIP’s’
• Distance in PIP’s
💎 TAKE PROFIT
🔸 ‘Split Target’ (enabled by default to three take profits (TP) with auto split)
🔸 ‘Number of Take Profits’ (up to three take profits)
🔸 ‘Type’ (auto or manual)
• For manual type fill all prices to preferred level. TP percent (TP1%, TP2% and TP3% ) and Target% is how much profit you want to take on a specific level.
• PLEASE NOTE sum of all enabled ‘TP’ and targets = 100 (e.g. two TP and sets TP1% to 25 and TP2% to 35, then Target% should be 40% i.e. 25 + 35 + 40 = 100)
💎 TRADE BOX & LINES
🔸 ‘Target Line’ (color for target line and trade table ‘direction’)
🔸 ‘Stop Line’ (color for initial line and trail line)
🔸 ‘Entry Line’ (color for entry line and label & table status)
🔸 ‘To Trade Time’ (‘trade box’ left vertical line)
• By default is set to trade date and time
• Unchecked will be moved to the last bar (live time)
🔸 ‘Extended Left’ (extend Entry, Stop, Target and TP’s lines to left)
• To check for possible support|resistance
🔸 ‘Size’ (Entry, Stop, Target and TP’s lines size)
🔸 ‘PnL Box Size’ (line size for vertical box lines)
🔸 ‘Offset’ (right vertical line offset from last bar)
🔸 ‘PnL Box Color’ (right vertical line and trail fill color)
• Color changes for profit & loss
🔸 ‘Box Line Color’ (box base color)
💎 LABELS
🔸 ‘Stop & Target Labels’ (enable|disable stop and target labels)
• By default is set to small (tiny, small, normal, large, huge and auto option)
• Disabled will move all information on Entry|Status label
🔸 ‘Offset’ (label offset from trade box)
🔸 ‘Target Label’ (label color for target and all enabled tp’s)
🔸 ‘Stop Label’ (label color for initial stop and enabled trailing stop)
🔸 ‘Label Text’ (color for label text)
🔸 ‘Status Label Color’ (label table entry|status color when trade is not active)
🔸 ‘PnL’ (entry|status color for profit and loss)
🔸 ‘Size’ (by default set to normal, option tiny, small, normal, large, huge and auto)
🔸 ‘Risk to Reward’ (show risk to reward on labels)
🔸 ‘Extra Info’ (by default disabled, show extra related info for trade on labels)
• Useful if Trade Table disabled
🔸 ‘Close Trade Stats’ (by default disabled, show all info when trade is closed)
• By default is white text color for close trade stats label
💎 ALERTS
🔸 ‘Failed Trade’ (alert if price reached Stop before is active, reached Entry)
• Useful if trade need adjustment but it can also be left as it is
and alert is just warning
🔸 ‘New & Update Alert’ (alert when price reached Entry or change status to enabled Take Profits)
🔸 ‘Trade Closure Alert’ (alert when trade closed, reached Stop, Target or enabled Trail Stop)
• Alert can be in modified or default preset jSon format as well as in plain text format
• Place holders for creating alerts are :
{type}, {symbol}, {exchange}, {ticker}, {base}, {quote}, {timeframe}, {price}, {direction}, {entry}, {stop}, {tstop}, {tp1}, {tp2}, {tp3}, {target}, {tstopstatus}, {status}, {result}
* {type} placeholder is set to ‘Trade Active’, ‘Trade Update’ and ‘Trade Closed’
💎 TABLE DISPLAY
🔸 ‘Trade Table’ (enable|disable trade table)
🔸 ‘Position’ (by default set to bottom right with option bottom, middle and top with left, center and right)
🔸 ‘Size’ (by default set to normal, option tiny, small, normal, large, huge and auto)
🔸 ‘Full Table’ (by default enabled, disabled show small table without some info*)
* check picture for reference
🔸 ‘Presentation’ (by default disabled, hide all info related to PnL in trade currency)
• Useful if trade shared for presentation, hidden trade fiat|currency info)
🔸 ‘Header’ (color for trade table first row)
🔸 ‘Stats’ (color for trade table statistics row)
🔸 ‘Text’ (color for trade table text)
🔸 ‘Error’ (color for all errors if is made when trade is setup)
• Color for errors is for trade table and trade labels
🔸 ‘Fiat Price’ (by default enabled, show info for second fiat*
* if trade is in crypto and ‘quoted’ currency is not stable coin, like ETHBTC, or ‘Account Type’ is set to different currency
🔸 ‘Live Fiat Price’ (if ‘quoted’ currency enabled will show live exchange conversion)
🔸 ‘All Errors’ (enabled by default, show all error if trade setup is wrong)
• When error shows on trade, disabled this to see what|where is error
• Check below for more details
🔸 ‘Tool Tip (chart)’ (enabled show all tooltip on chart)
• Check below for more details
• When you are familiar with indicator, disable popup tooltip
💎 TOOLTIP
All possible tooltips have been added for easier understanding, especially for traders who are just learning how to place a trade. (when you perfect this indicator, you can turn off the tooltip in settings, and you can also normally use the lite version of this indicator, which does not contain all these futures)
🔸 ' Settings Tooltips’
🔸 ‘Chart Tooltips’
🔸 ‘Table Tooltips’
🔴 ERRORS
When you setup trade, not only a novice in trading, but also experienced traders can make a mistake and for this reason all possible errors are included in the indicator which will be shown on the chart by changing the color of the labels as well as on the trade table and in most of the cases and error text.
If the tooltip is enabled in the settings, you can see the reason for the error as well as the solution.
Here are some examples of possible errors.
Stay safe
PLAN YOUR TRADE AND TRADE YOUR PLAN
daily bias @ttrades x joshuuuDaily bias is one of the most powerful tools when it comes to intraday trading.
Ttrades published a youtube video, in which he showcases his mechanical way of determing the daily bias based on ICTs and the MMXM Traders Teachings.
This indicator is based on those concepts.
The rules for this indicator are simple.
scenario 1 - first line of table
Close above previous days high gives a bullish bias.
Close below previous days low gives a bearish bias.
scenario 2 - second line of the table
Wick below previous days low and close within previous days body or above gives a bullish bias.
Wick above previous days high and close within previous days body or below gives a bearish bias.
"Bullish" bias is valid until previous daily high (pdh) is reached.
"Bearish" bias is valid until previous daily low (pdl) is reached.
If none of the above mentioned conditions is met OR the target (pdh/pdl) is reached, the bias is set to "Neutral".
On the daily timeframe, probabilities are visible on the table to reach pdh when the bias is "Bullish" or to reach pdl when the bias is "Bearish".
If the bias is bullish, the ideal buy would be below ny midnights opening price.
If the bias is bearish, the ideal sell would be above the ny midnights opening price.
Trading NotesThe "Trading Notes" indicator is a powerful and flexible tool designed to elevate your trading experience by enabling you to effortlessly create, manage, and personalize annotations directly on your trading chart. Whether it's jotting down crucial insights, strategies, risk management rules, or psychological cues, "Trading Notes" ensures that you never miss important details during your trading sessions.
Key Features:
Effortless Annotation: Seamlessly create custom annotations at any position on your chart, ensuring you capture vital trading information in real-time.
Tailored Appearance: Customize your annotations to match your preferences. Adjust text size, color, and alignment to create notes that stand out and are easily readable.
Flexible Positioning: Choose between top, middle, or bottom positions for your annotations, maintaining a clear view of price action while accessing your personalized notes.
Enhanced Focus and Discipline: Maintain trading discipline by keeping track of your trading rules, risk management strategies, and psychological reminders.
Luffy Gear 5To celebrate the reveal of Gear 5, decided to add luffy to tradingview
Have a mini companion on your chart, who better than the future pirate king??
Open source so people can experiment, thought it would be interesting to see users draw some pixel art, heres what I see as the optimized route:
Avoid long 3 things:
script length, opted for a 50x50
If statement length, break up the code
Length of main body, also links to above, functionalizing your code is good practice so put the 2 together and you have the below as an elementary implementation of pixel art!
(lower bit version of zenuchiha's work as mentioned on deviant art can be used with credit thank you im not much of an artist)
Normal Distribution CurveThis Normal Distribution Curve is designed to overlay a simple normal distribution curve on top of any TradingView indicator. This curve represents a probability distribution for a given dataset and can be used to gain insights into the likelihood of various data levels occurring within a specified range, providing traders and investors with a clear visualization of the distribution of values within a specific dataset. With the only inputs being the variable source and plot colour, I think this is by far the simplest and most intuitive iteration of any statistical analysis based indicator I've seen here!
Traders can quickly assess how data clusters around the mean in a bell curve and easily see the percentile frequency of the data; or perhaps with both and upper and lower peaks identify likely periods of upcoming volatility or mean reversion. Facilitating the identification of outliers was my main purpose when creating this tool, I believed fixed values for upper/lower bounds within most indicators are too static and do not dynamically fit the vastly different movements of all assets and timeframes - and being able to easily understand the spread of information simplifies the process of identifying key regions to take action.
The curve's tails, representing the extreme percentiles, can help identify outliers and potential areas of price reversal or trend acceleration. For example using the RSI which typically has static levels of 70 and 30, which will be breached considerably more on a less liquid or more volatile asset and therefore reduce the actionable effectiveness of the indicator, likewise for an asset with little to no directional volatility failing to ever reach this overbought/oversold areas. It makes considerably more sense to look for the top/bottom 5% or 10% levels of outlying data which are automatically calculated with this indicator, and may be a noticeable distance from the 70 and 30 values, as regions to be observing for your investing.
This normal distribution curve employs percentile linear interpolation to calculate the distribution. This interpolation technique considers the nearest data points and calculates the price values between them. This process ensures a smooth curve that accurately represents the probability distribution, even for percentiles not directly present in the original dataset; and applicable to any asset regardless of timeframe. The lookback period is set to a value of 5000 which should ensure ample data is taken into calculation and consideration without surpassing any TradingView constraints and limitations, for datasets smaller than this the indicator will adjust the length to just include all data. The labels providing the percentile and average levels can also be removed in the style tab if preferred.
Additionally, as an unplanned benefit is its applicability to the underlying price data as well as any derived indicators. Turning it into something comparable to a volume profile indicator but based on the time an assets price was within a specific range as opposed to the volume. This can therefore be used as a tool for identifying potential support and resistance zones, as well as areas that mark market inefficiencies as price rapidly accelerated through. This may then give a cleaner outlook as it eliminates the potential drawbacks of volume based profiles that maybe don't collate all exchange data or are misrepresented due to large unforeseen increases/decreases underlying capital inflows/outflows.
Thanks to @ALifeToMake, @Bjorgum, vgladkov on stackoverflow (and possibly some chatGPT!) for all the assistance in bringing this indicator to life. I really hope every user can find some use from this and help bring a unique and data driven perspective to their decision making. And make sure to please share any original implementaions of this tool too! If you've managed to apply this to the average price change once you've entered your position to better manage your trade management, or maybe overlaying on an implied volatility indicator to identify potential options arbitrage opportunities; let me know! And of course if anyone has any issues, questions, queries or requests please feel free to reach out! Thanks and enjoy.
Price Range BlockThe price range block indicator. User input divides the price into blocks (eg a block of 1 dollar) if the price would go from 1 dollar to greater than 1 dollar, the next block is drawn including the center line. Same for if it went down. Trading choices could be made through the behavior of the price in such a block.
US Recession IndicatorThe US Recession Indicator is designed to identify recessions as they happen, using two reputable indicators that have accurately foreseen all past recessions since 1969. Unlike the National Bureau of Economic Research (NBER) which determines recession dates after the fact, this indicator seeks to spot recessions in real-time. When both of these distinct metrics meet certain criteria, the chart's background becomes shaded, signifying a strong likelihood that the economy is in a recession. Furthermore, a built-in alert system keeps users updated without constant monitoring.
The first metric is the Smoothed Recession Probabilities developed by Marcelle Chauvet. It is based on a dynamic-factor markov-switching model that assesses four monthly coincident variables: non-farm payroll employment, the index of industrial production, real personal income excluding transfer payments and real manufacturing and trade sales. It offers a mathematical analysis of how recessions deviate from expansions. In essence, this index mirrors the probability of the prevailing true economic situation being a recession, grounded on the current GDP data.
The second metric is the Sahm Rule Recession Indicator developed by Claudia Sahm. It operates on the principle that changes in the unemployment rate can be used to identify the onset of a recession. According to this rule, if the three-month moving average of the unemployment rate rises by 0.5 percentage points or more above its lowest point from the preceding year, it flags a potential recession.
For this combined indicator, the thresholds are intentionally set lower than when each metric is used individually. Both metrics must simultaneously suggest a potential recession in order to send a signal. This stems from the realisation that neither metric is infallible and has, on occasion, sent false signals in the past. By requiring both to align, the likelihood of a false positive is reduced. However, it's crucial to understand that past performance does not guarantee future results, leaving the door open for potential false alerts which may not be confirmed by the NBER.
Global Liquidity IndexThe Global Liquidity Index offers a consolidated view of all major central bank balance sheets from around the world. For consistency and ease of comparison, all values are converted to USD using their relevant forex rates and are expressed in trillions. The indicator incorporates specific US accounts such as the Treasury General Account (TGA) and Reverse Repurchase Agreements (RRP), both of which are subtracted from the Federal Reserve's balance sheet to give a more nuanced view of US liquidity. Users have the flexibility to enable or disable specific central banks and special accounts based on their preference. Only central banks that both don’t engage in currency pegging and have reliable data available from late 2007 onwards are included in this aggregated liquidity model.
Global Liquidity Index = Federal Reserve System (FED) - Treasury General Account (TGA) - Reverse Repurchase Agreements (RRP) + European Central Bank (ECB) + People's Bank of China (PBC) + Bank of Japan (BOJ) + Bank of England (BOE) + Bank of Canada (BOC) + Reserve Bank of Australia (RBA) + Reserve Bank of India (RBI) + Swiss National Bank (SNB) + Central Bank of the Russian Federation (CBR) + Central Bank of Brazil (BCB) + Bank of Korea (BOK) + Reserve Bank of New Zealand (RBNZ) + Sweden's Central Bank (Riksbank) + Central Bank of Malaysia (BNM).
This tool is beneficial for anyone seeking to get a snapshot of global liquidity to interpret macroeconomic trends. By examining these balance sheets, users can deduce policy trajectories and evaluate the global economic climate. It also offers insights into asset pricing and assists investors in making informed capital allocation decisions. Historically, riskier assets, such as small caps and cryptocurrencies, have typically performed well during periods of rising liquidity. Thus, it may be prudent for investors to avoid additional risk unless there's a consistent upward trend in global liquidity.
All Candlestick Patterns Screener [By MUQWISHI]▋ INTRODUCTION :
The Candlestick Patterns Screener has been designed to offer an advanced monitoring solution for up to 40 symbols. Utilizing a log screener style, it efficiently gathers information on confirmed candlestick pattern occurrences and presents it in an organized table. This table includes essential details such as the symbol name, signal price, and the corresponding candlestick pattern name.
_______________________
▋ OVERVIEW:
_______________________
▋ CREDIT:
Credit to public technical “*All Candlestick Patterns*” indicator.
_______________________
▋ USAGE:
_______________________
▋ Final Comments:
For best performance, add the Candlestick Patterns Screener on active symbol chart like QQQ, SPY, AAPL, BTCUSDT, ES, EURUSD or …etc.
Candlestick patterns are not a major concept to build a trading decision.
Personally, I see candlestick patterns as a means to comprehend the psychology of the market, and help to follow the price action.
Please let me know if you have any questions.
Thank you.
MACDh with divergences & impulse system (overlayed on prices)-----------------------------------------------------------------
General Description:
This indicator ( the one on the top panel above ) consists on some lines, arrows and labels drawn over the price bars/candles indicating the detection of regular divergences between price and the classic MACD histogram (shown on the low panel). This script is special because it can be adjusted to fit several criteria when trading divergences filtering them according to the "height" and "width" of the patterns. The script also includes the "extra features" Impulse System and Keltner Channels, which you will hardly find anywhere else in similar classic MACD histogram divergence indicators.
The indicator helps to find trend reversals, and it works on any market, any instrument, any timeframe, and any market condition (except against really strong trends that do not show any other sign of reversion yet).
Please take on consideration that divergences should be taken with caution.
-----------------------------------------------------------------
Definition of classic Bullish and Bearish divergences:
* Bearish divergences occur in uptrends identifying market tops. A classical or regular bearish divergence occurs when prices reach a new high and then pull back, with an oscillator (MACD histogram in this case) dropping below its zero line. Prices stabilize and rally to a higher high, but the oscillator reaches a lower peak than it did on a previous rally.
In the chart above (weekly charts of NKE, Nike, Inc.), in area X (around August 2021), NKE rallied to a new bull market high and MACD-Histogram rallied with it, rising above its previous peak and showing that bulls were extremely strong. In area Y, MACD-H fell below its centerline and at the same time prices punched below the zone between the two moving averages. In area Z, NKE rallied to a new bull market high, but the rally of MACD-H was feeble, reflecting the bulls’ weakness. Its downtick from peak Z completed a bearish divergence, giving a strong sell signal and auguring a nasty bear market.
* Bullish divergences , in the other hand, occur towards the ends of downtrends identifying market bottoms. A classical (also called regular) bullish divergence occurs when prices and an oscillator (MACD histogram in this case) both fall to a new low, rally, with the oscillator rising above its zero line, then both fall again. This time, prices drop to a lower low, but the oscillator traces a higher bottom than during its previous decline.
In the example in the chart above (weekly charts of NKE, Nike, Inc.), you see a bearish divergence that signaled the October 2022 bear market bottom, giving a strong buy signal right near the lows. In area A, NKE (weekly charts) appeared in a free fall. The record low A of MACD-H indicated that bears were extremely strong. In area B, MACD-H rallied above its centerline. Notice the brief rally of prices at that moment. In area C, NKE slid to a new bear market low, but MACD-H traced a much more shallow low. Its uptick completed a bullish divergence, giving a strong buy signal.
-----------------------------------------------------------------
Some cool features included in this indicator:
1. This indicator also includes the “ Impulse System ”. The Impulse System is based on two indicators, a 13-day exponential moving average and the MACD-Histogram, and identifies inflection points where a trend speeds up or slows down. The moving average identifies the trend, while the MACD-Histogram measures momentum. This unique indicator combination is color coded into the price bars for easy reference.
Calculation:
Green Price Bar: (13-period EMA > previous 13-period EMA) and
(MACD-Histogram > previous period's MACD-Histogram)
Red Price Bar: (13-period EMA < previous 13-period EMA) and
(MACD-Histogram < previous period's MACD-Histogram)
Price bars are colored blue when conditions for a Red Price Bar or Green Price Bar are not met. The MACD-Histogram is based on MACD(12,26,9).
The Impulse System works more like a censorship system. Green price bars show that the bulls are in control of both trend and momentum as both the 13-day EMA and MACD-Histogram are rising (you don't have permission to sell). A red price bar indicates that the bears have taken control because the 13-day EMA and MACD Histogram are falling (you don't have permission to buy). A blue price bar indicates mixed technical signals, with neither buying nor selling pressure predominating (either both buying or selling are permitted).
2. Another "extra feature" included here is the " Keltner Channels ". Keltner Channels are volatility-based envelopes set above and below an exponential moving average.
3. It were also included a couple of EMAs.
Everything can be removed from the chart any time.
-----------------------------------------------------------------
Options/adjustments for this indicator:
*Horizontal Distance (width) between two tops/bottoms criteria.
Refers to the horizontal distance between the MACH histogram peaks involved in the divergence
*Height of tops/bottoms criteria (for Histogram).
Refers to the difference/relation/vertical distance between the MACH HISTOGRAM peaks involved in the divergence: 1st Histogram Peak is X times the 2nd.
*Height/Vertical deviation of tops/bottoms criteria (for Price).
Deviation refers to the difference/relation/vertical distance between the PRICE peaks involved in the divergence.
*Plot Regular Bullish Divergences?.
*Plot Regular Bearish Divergences?.
*Delete Previous Cancelled Divergences?.
*Shows a pair of EMAs.
*Shows Keltner Channels (using ATR)
Keltner Channels are volatility-based envelopes set above and below an exponential moving average.
*This indicator also has the option to show the Impulse System over the price bars/candles.
MACDh with divergences & impulse system-----------------------------------------------------------------
General Description:
This indicator ( the one on the low panel ) is a classic MACD that also shows regular divergences between its histogram and the prices. This script is special because it can be adjusted to fit several criteria when trading divergences filtering them according to the "height" and "width" of the patterns. The script also includes the "extra feature" Impulse System, which you will hardly find anywhere else in similar classic MACD histogram divergence indicators.
The indicator helps to find trend reversals, and it works on any market, any instrument, any timeframe, and any market condition (except against really strong trends that do not show any other sign of reversion yet).
Please take on consideration that divergences should be taken with caution.
-----------------------------------------------------------------
Definition of classic Bullish and Bearish divergences:
* Bearish divergences occur in uptrends identifying market tops. A classical or regular bearish divergence occurs when prices reach a new high and then pull back, with an oscillator (MACD histogram in this case) dropping below its zero line. Prices stabilize and rally to a higher high, but the oscillator reaches a lower peak than it did on a previous rally.
In the chart above (weekly charts of NKE, Nike, Inc.), in area X (around August 2021), NKE rallied to a new bull market high and MACD-Histogram rallied with it, rising above its previous peak and showing that bulls were extremely strong. In area Y, MACD-H fell below its centerline and at the same time prices punched below the zone between the two moving averages. In area Z, NKE rallied to a new bull market high, but the rally of MACD-H was feeble, reflecting the bulls’ weakness. Its downtick from peak Z completed a bearish divergence, giving a strong sell signal and auguring a nasty bear market.
* Bullish divergences , in the other hand, occur towards the ends of downtrends identifying market bottoms. A classical (also called regular) bullish divergence occurs when prices and an oscillator (MACD histogram in this case) both fall to a new low, rally, with the oscillator rising above its zero line, then both fall again. This time, prices drop to a lower low, but the oscillator traces a higher bottom than during its previous decline.
In the example in the chart above (weekly charts of NKE, Nike, Inc.), you see a bearish divergence that signaled the October 2022 bear market bottom, giving a strong buy signal right near the lows. In area A, NKE (weekly charts) appeared in a free fall. The record low A of MACD-H indicated that bears were extremely strong. In area B, MACD-H rallied above its centerline. Notice the brief rally of prices at that moment. In area C, NKE slid to a new bear market low, but MACD-H traced a much more shallow low. Its uptick completed a bullish divergence, giving a strong buy signal.
-----------------------------------------------------------------
Extra feature: Impulse System
This indicator also includes the “ Impulse System ”. The Impulse System is based on two indicators, a 13-day exponential moving average and the MACD-Histogram, and identifies inflection points where a trend speeds up or slows down. The moving average identifies the trend, while the MACD-Histogram measures momentum. This unique indicator combination is color coded into the price bars or macd histogram bars for easy reference.
Calculation:
Green Price Bar: (13-period EMA > previous 13-period EMA) and
(MACD-Histogram > previous period's MACD-Histogram)
Red Price Bar: (13-period EMA < previous 13-period EMA) and
(MACD-Histogram < previous period's MACD-Histogram)
Histogram bars are colored blue when conditions for a Red Histogram Bar or Green Histogram Bar are not met. The MACD-Histogram is based on MACD(12,26,9).
The Impulse System works more like a censorship system. Green histogram bars show that the bulls are in control of both trend and momentum as both the 13-day EMA and MACD-Histogram are rising (you don't have permission to sell). A red histogram bar indicates that the bears have taken control because the 13-day EMA and MACD Histogram are falling (you don't have permission to buy). A blue histogram bar indicates mixed technical signals, with neither buying nor selling pressure predominating (either both buying or selling are permitted).
The impulse system can be removed from the chart any time.
-----------------------------------------------------------------
Options/adjustments for this indicator:
*Horizontal Distance (width) between two tops/bottoms criteria.
Refers to the horizontal distance between the MACH histogram peaks involved in the divergence
*Height of tops/bottoms criteria (for Histogram).
Refers to the difference/relation/vertical distance between the MACH HISTOGRAM peaks involved in the divergence: 1st Histogram Peak is X times the 2nd.
*Height/Vertical deviation of tops/bottoms criteria (for Price).
Deviation refers to the difference/relation/vertical distance between the PRICE peaks involved in the divergence.
*Plot Regular Bullish Divergences?.
*Plot Regular Bearish Divergences?.
*Delete Previous Cancelled Divergences?.
*This indicator also has the option to show the Impulse System over the MACD histogram bars
Day of Month - Volatility Report█ OVERVIEW
The indicator analyses the volatility and reports the statistics by the days of the month.
█ CONCEPTS
The markets move every day. But how does a market move during a month?
Here are some ideas to explore:
Does the volatility kick in with the start of a new month?
Do the markets slow down at the end of the month?
Which period of the month is the most volatile?
How does this relate to your best and worst trades?
When should you take a break?
DAX
EURGBP
Binance Coin
█ FEATURES
Comparison modes
Compare how each day moves relative to the monthly volatility or the average daily volatility.
Configurable outputs
Output the report statistics as mean or median.
Range filter
Select the period to report from.
█ HOW TO USE
Plot the indicator and visit the 1D, 24H, or 1440 minutes timeframe.
█ NOTES
Gaps
The indicator includes the volatility from gaps.
Trading session
The indicator analyses each day from the daily chart, defined by the exchange trading session (see Symbol Info).
Extended trading session
The indicator can include the extended hours when activated on the chart, using the 24H or 1440 minutes timeframe.
Overnight session
The indicator supports overnight sessions (open and close on different calendar days). For example, EURUSD will report Monday’s volatility from Sunday open at 17:00 to Monday close at 17:00.
This is a PREMIUM indicator. In complement, you might find useful my free Time of Day - Volatility Report .
Risk Management GO8686: Stop Loss, Position Size & TargetFull Name: Risk Management GO8686: Stop Loss, Position Size & Target
What this indicator provides:
A dashboard to calculate Stop Loss, Position Size and Target, where users can customize Risk Management parameters in the setting.
Position Size: calculated from "initialCapital", "Leverage", "Max Loss", "feeMaker", "feeTaker".
Stop Loss Price: using pivots, default length is set to 3, with an extra ATR value controlled by "'Multiplier OF Extra ATR".
Target: calculated from entry price, risk reward, distance between entry and stop loss, fees
What the indicator does Not provides:
entries of positions: The Long/Short entries displayed are just MACD signal crossing zero, users can apply their own entry logic, by modifying ready2L / ready2S variables.
What the indicator does Not guarantee:
the integrity, timeliness, accuracy, and comprehensiveness of the data, calculation method, calculation results, etc.
Two types labels:
1. Automated labels: they are displayed when MACD signal crossing zero, use "Display History Labels" to toggle display or not.
2. Setup Manually label: located at the right side of the latest bar, to display results when users setup manually
The settings of the indicator:
"Toggle to Reload",
"InitialCapital", "Leverage", "Max Loss % per trade", "feeMaker", "feeTaker",
4 length inputs for Pivot, "Multiplier of Extra ATR for stop loss",
"Toggle To setup manually", "Toggle between Long / Short", "Entry Price, set manually", "Stop Loss Price, set manually", "Risk-Reward Ratio"
"Display History Labels"
---------- Disclaimer ----------
Before using or requesting access to the indicator, customers/users acknowledge that they have read and accepted that the indicator, any associated contents on all social medias and any communication with the indicator author, including but not limited to: product and service details, signals, alerts, data, calculation methods, calculation results, user manual, tutorials, ideas, videos, chats, messages, emails, blogs, tweets, etc. are provided solely for educational purpose and Not as financial advice. Customers/users understand and agree to use the aforementioned indicator and information at their own risk.
---------- Updates ----------
The latest updates override the previous content.
To activate a update, if it does not load as expected: close the indicator, save the chart, clear browser caches, restart the browser, reload the chart and apply the indicator to the chart.
