Filtered TEMA CrossoverFiltered Dual TEMA Crossover
This indicator is a trend-following tool based on the classic Dual Triple Exponential Moving Average (TEMA) Crossover strategy, enhanced with two robust filters: the Chop Index and the Average Directional Index (ADX).
The TEMA is known for its low lag and high responsiveness, making the crossover an effective signal for trend reversals. However, trading TEMA crossovers during sideways, choppy markets often leads to false signals. This is where the filters come in.
Key Features
▪️Dual TEMA Crossover: Plots two customizable TEMA lines (Fast and Slow) for clear visualization of the primary trend direction.
▪️Intelligent Signal Filtering: Buy and Sell signals are generated only when the market confirms it is in a trending state, thanks to two integrated filters:
➖Chop Index Filter: Blocks signals when the market is detected as sideways or consolidating (Chop Index reading above a user-defined threshold).
➖ADX Filter: Ensures signals are only taken when the trend strength is sufficient (ADX reading above a user-defined minimum threshold).
▪️Customizable Signals: Full control over the signal shapes (Arrows, Triangles, etc.), colors, text, and size.
How to Use It
Use the Filtered Dual TEMA Crossover to enter positions on trend continuation or reversal while dramatically reducing exposure to low-quality, whipsawing signals common in non-trending environments.
Before the filters:
After the filters:
Minimize Noise. Maximize Clarity. Trade the Trend.
Entry
Adaptive Risk Management [sgbpulse]1. Introduction:
Adaptive Risk Management is an advanced indicator designed to provide traders with a comprehensive risk management tool directly on the chart. Instead of relying on complex manual calculations, the indicator automates all critical steps of trade planning. It dynamically calculates the estimated Entry Price , the Stop Loss location, the required Position Size (Quantity) based on your capital and risk limits, and the three Take Profit targets based on your defined Reward/Risk ratios. The indicator displays all these essential data points clearly and visually on the chart, ensuring you always know the potential risk-reward profile of every trade.
ARM : The A daptive R isk M anagement every trader needs to ARM themselves with.
2. The Critical Importance of Risk Management
Proper risk management is the cornerstone of successful trading. Consistent profitability in the market is impossible without rigorously defining risk limits.
Risk Control: This starts by setting the maximum risk amount you are willing to lose in a single trade (Risk per Trade), and limiting the total capital allocated to the position (Max Capital per Trade).
Defining Boundaries (Stop Loss & Take Profit): It is mandatory to define a technical Stop Loss and a Take Profit target. A fundamental rule of risk management is that the Reward/Risk Ratio (R/R) must be a minimum of 1:1.
3. Core Features, Adaptivity, and Customization
The Adaptive Risk Management indicator is engineered for use across all major trading styles, including Swing Trading, Intraday Trading, and Scalping, providing consistent risk control regardless of the chosen timeframe.
Real-Time Dynamic Adaptivity: The indicator calculates all risk management parameters (Entry, Stop Loss, Quantity) dynamically with every new bar, thus adapting instantly to changing market conditions.
Trend Direction Adjustment: Define the analysis direction (Long/Uptrend or Short/Downtrend).
Intraday Session Data Control: Full control over whether lookback calculations will include data from Extended Trading Hours (ETH), or if the daily calculations will start actively only from the first bar of Regular Trading Hours (RTH).
Status Validation: The indicator performs critical status checks and displays clear Warning Messages if risk conditions are not met.
4. Intuitive Visualization and Real-Time Data
Dynamic Tracking Lines: The Entry Price and Stop Loss lines are updated with every new bar. Crucially, the length of these lines dynamically reflects the calculation's lookback range (e.g., the extent of Lookback Bars or the location of the confirmed Pivot Point), providing a visual anchor for the calculated price.
Risk and Reward Zones: The indicator creates a graphical background fill between Entry and Stop Loss (marked with the risk color) and between Entry and the Reward Targets (marked with the reward color).
Essential Information Labels: Labels are placed at the end of each line, providing critical data: Estimated Entry Price, Stock/Contract Quantity (Quantity), Total Entry Amount, Estimated Stop Loss, Risk per Share, Total Financial Risk (Risk Amount), Exit Amount, Estimated Take Profit 1/2/3, Reward/Risk Ratio 1/2/3, Total Reward 1/2/3, TP Exit Amount 1/2/3.
4.1. Data Window Metrics (16 Full Series)
The indicator displays 16 full data series in the TradingView Data Window, allowing precise tracking of every calculation parameter:
Entry Data: Estimated Entry, Quantity, Entry Amount.
Risk Data (Stop Loss): Estimated Stop Loss, Risk per Share, Risk Amount, Exit Amount.
Reward Data (Take Profit): Estimated Take Profit 1/2/3, Reward/Risk Ratio 1/2/3, Total Reward 1/2/3, TP Exit Amount 1/2/3.
4.2. Instant Tracking in the Status Line
The indicator displays 6 critical parameters continuously in the indicator's Status Line: Estimated Entry, Quantity, Estimated Stop Loss, Estimated Take Profit 1/2/3.
5. Detailed Indicator Inputs
5.1 General
Focused Trend: Defines the analysis direction (Uptrend / Downtrend).
Max Capital per Trade: The maximum amount allocated to purchasing stocks/contracts (in account currency).
Risk per Trade: The maximum amount the user is willing to risk in this single trade (in account currency).
ATR Length: The lookback period for the Average True Range (ATR) calculation.
5.2 Intraday Session Data Control
Regular Hours Limitation : If enabled, all daily lookback calculations (for Entry/Stop Loss anchor points) will begin strictly from the first Regular Trading Hours (RTH) bar. This limits the lookback range to the current RTH session, excluding preceding Extended Trading Hours (ETH) data. Only relevant for Intraday charts. Default: False (Off)
5.3 Entry Inputs
Entry Method: Selects the entry price calculation method:
Current Price: Uses the closing price of the current bar as the estimated entry point (Market Entry).
ATR Real Bodies Margin :
- Uptrend: Calculates the Maximum Real Body over the lookback period + the calculated safety margin.
- Downtrend: Calculates the Minimum Real Body over the lookback period - the calculated safety margin.
ATR Bars Margin :
- Uptrend: Calculates the Maximum High price over the lookback period + the calculated safety margin.
- Downtrend: Calculates the Minimum Low price over the lookback period - the calculated safety margin.
Lookback Bars: The number of bars used to calculate the extremes in the ATR-based entry methods (Relevant only for ATR Real Bodies Margin and ATR Bars Margin methods).
ATR Multiplier (Entry): The multiplier applied to the ATR value. The result of the multiplication is the calculated safety margin used to determine the estimated Entry Price.
5.4 Risk Inputs (Stop Loss)
Risk Method: Selects the Stop Loss price calculation method.
ATR Current Price Margin :
- Uptrend: Entry Price - the calculated safety margin.
- Downtrend: Entry Price + the calculated safety margin.
ATR Current Bar Margin :
- Uptrend: Current Bar's Low price - the calculated safety margin.
- Downtrend: Current Bar's High price + the calculated safety margin.
ATR Bars Margin :
- Uptrend: Lowest Low over lookback period - the calculated safety margin.
- Downtrend: Highest High over lookback period + the calculated safety margin.
ATR Pivot Margin :
- Uptrend: The first confirmed Pivot Low point - the calculated safety margin.
- Downtrend: The first confirmed Pivot High point + the calculated safety margin.
Lookback Bars: The lookback period for finding the extreme price used in the 'ATR Bars Margin' calculation.
ATR Multiplier (Risk): The multiplier applied to the ATR value. The result of the multiplication is the calculated safety margin used to place the estimated Stop Loss. Note: If set to 0, the Stop Loss will be placed exactly at the technical anchor point, provided the Minimum Margin Value is also 0.
Minimum Margin Value: The minimum price value (e.g., $0.01) the Stop Loss margin buffer must be.
Pivot (Left / Right): The number of bars required on either side of the pivot bar for confirmation (relevant only for the ATR Pivot Margin method).
5.5 Reward Inputs (Take Profit)
Show Take Profit 1/2/3: ON/OFF switch to control the visibility of each Take Profit target.
Reward/Risk Ratio 1/ 2/ 3: Defines the R/R ratio for the profit target. Must be ≥1.0.
6. Indicator Status/Warning Messages
In situations where the Stop Loss location cannot be calculated logically and validly, often caused by a mismatch between the configured Focused Trend (Uptrend/Downtrend) and the actual price action, the indicator will display a warning message, explaining the reason and suggesting corrective action.
Status Message 1: Pivot reference unavailable
Condition: The Stop Loss is set to the "ATR Pivot Margin" method, but the anchor point (Pivot) is missing or inaccessible.
Message Displayed: "Pivot reference unavailable. Wait for valid price action, or adjust the Regular Hours Limitation setting or Pivot Left/Right inputs."
Status Message 2: Calculated Stop Loss is unsafe
Condition: The calculated Stop Loss is placed illogically or unsafely relative to the trend direction and the Entry price.
Message Displayed: "Calculated Stop Loss is unsafe for current trend. Wait for valid price action or adjust SL Lookback/Multiplier."
7. Summary
The Adaptive Risk Management (ARM) indicator provides a seamless and systematic approach to trade execution and risk control. By dynamically automating all critical trade parameters—from Entry Price and Stop Loss placement to Position Sizing and Take Profit targets—ARM removes emotional bias and ensures every trade adheres strictly to your predefined risk profile.
Key Benefits:
Systematic Risk Control: Strict enforcement of maximum capital allocation and risk per trade limits.
Adaptivity: Dynamic calculation of prices and quantities based on real-time market data (ATR and Lookback).
Clarity and Trust: Clear on-chart visualization, precise data metrics (16 series), and unambiguous Status/Warning Messages ensure transparency and reliability.
ARM allows traders to focus on strategy and analysis, confident that their execution complies with the core principles of professional risk management.
Important Note: Trading Risk
This indicator is intended for educational and informational purposes only and does not constitute investment advice or a recommendation for trading in any form whatsoever.
Trading in financial markets involves significant risk of capital loss. It is important to remember that past performance is not indicative of future results. All trading decisions are your sole responsibility. Never trade with money you cannot afford to lose.
Liquidity Hunt Detector PDH/PDL [SmartFoxy]Liquidity Hunt Detector PDH/PDL
The Liquidity Hunt Detector (LHD) is designed to identify and anticipate liquidity grabs around the:
• Previous Day High (PDH);
• Previous Day Low (PDL).
It builds dynamic trigger levels that highlight where price may deliver its first impulse before reaching PDH/PDL.
The Liquidity Hunt Detector (LHD) identifies high-probability reversals and continuations around the Previous Day High (PDH) and Previous Day Low (PDL).
It dynamically tracks the market’s move from the session open, builds trigger levels toward PDH/PDL, and highlights where liquidity is most likely to be taken.
When price taps a Trigger Up/Down level, the indicator generates Long/Short signals with optional confirmation from the integrated MA Ribbon , ensuring only high-quality, trend-aligned setups are shown.
When price interacts with these trigger levels, the indicator generates signals that help traders evaluate the market structure and prepare for potential entries.
Designed for Forex, Crypto, Indices, Stocks , the LHD provides a clean and intuitive structure for navigating intraday liquidity grabs, session impulses, and directional bias shifts.
The indicator is built from three fully independent modules, each of which can be used separately:
Liquidity Hunt Detector (LHD)
Moving Average Ribbon (MA Ribbon)
Previous Day High/Low (PDH/PDL) levels
Liquidity Hunt Detector (LHD) Logic
1.1 Display LHD – Enables or disables the entire Liquidity Hunt Detector module.
1.2 Max Days – Number of previous days used to generate PDH/PDL levels.
1.3 GMT – Corrects all time-based calculations based on your broker/session timezone.
1.4 Calculation Method (Point A Logic)
1) Static Method
Point A = the session’s opening price.
Trigger lines are calculated strictly as a percentage of the move A → PDH or A → PDL.
Intraday fluctuations do not affect the calculation.
2) Dynamic Method
Point A updates using the current intraday high/low:
• If price forms a new low, Point A updates for the PDH-side calculations;
• If price forms a new high, Point A updates for the PDL-side calculations.
This produces trigger lines that reflect the true live market structure rather than a fixed opening reference.
1.5 Main OTT Time (Operational Trading Time)
This is the core time window during which the indicator:
• updates Point A;
• calculates trigger levels;
• validates PDH/PDL;
• draws AB / AC movement structure;
• generates entry signals.
Outside this window, no new signals or recalculations occur.
⚠ If your broker’s first candle opens at a non-standard time (e.g., 00:08), adjust the OTT start time to avoid visual artifacts.
1.6 Show Line A – Displays the opening price level (Point A) until the end of the OTT window.
Style, width, and color are customizable.
1.7 Show Line AB — Price Movement Toward PDH.
Static Method – Single line: A → PDH
Dynamic Method – Two segments:
• A → Daily Low;
• Daily Low → PDH.
If PDH is swept, the “B” label switches to Sweep PDH.
1.8 Show Line AC – Price Movement Toward PDL.
Static Method – Single line: A → PDL
Dynamic Method – Two segments:
• A → Daily High;
• Daily High → PDL.
If PDL is swept, the “C” label switches to Sweep PDL.
1.9 Show Trigger Up Line (LONG Trigger) – Defines the level where the Long signal can activate.
By default, at 50% of the A → PDH movement.
When price touches this line, the script may:
• show a LONG label;
• trigger an alert.
All visual parameters are customizable.
1.10 Show Trigger Up Line (LONG Trigger)
Same logic as Trigger Up, but based on A → PDL.
1.11 Show Main Zone (OTT Zone) – Visual background highlighting of the active OTT window.
Helps instantly see:
• whether signals are allowed;
• how much time remains in the trading window?
Color and opacity are adjustable.
1.12 Upper Zone (toward PDH) – Tracks the protected area towards PDH.
Updates dynamically with new highs.
1.13 Lower Zone (toward PDL) – Tracks the zone toward PDL.
Updates dynamically with new lows.
1.14 Show Labels – Displays reference labels (A, B, C, Trigger Up, Trigger Down).
Label size is customizable.
1.15 Add Price – Adds the exact price value to each label.
1.16 Change Color after Sweep PDH or PDL – After PDH or PDL is broken, the indicator automatically recolors lines and labels to visually confirm the sweep.
1.17 Show SHORT Label – Displays the SHORT entry label when all conditions for a bearish signal are met.
Style parameters are set in the previous blocks.
1.18 Alert on Bearish Trigger Down – Triggers an alert when the price activates the bearish trigger.
1.19 Show LONG Label – Displays the LONG entry label when bullish conditions are met.
Style parameters are set in the previous blocks.
1.20 Alert on Bullish Trigger Up – Triggers an alert when the price activates the bullish trigger.
1.21 Alerts Active Time – Defines a custom time interval during which trigger signals are allowed.
Even if price touches a trigger level,
❗ signals will NOT be generated outside this allowed time.
Useful for:
• avoiding Asian session signals;
• reducing noise in low-liquidity periods.
1.22 Labels and Alerts Display Mode
Two settings modes:
• On Trigger (Instant Mode) – Signals appear immediately when price touches the trigger.
• On Candle Close (Conservative Mode) – Signals form only after the candle closes beyond the trigger level.
A more conservative option.
1.23 Delay LHD Signal Until MA Ribbon Confirms Direction – If enabled, LHD signals will NOT fire until the MA Ribbon produces a matching directional signal.
Logic:
• Price hits the trigger → LHD conditions become “armed”;
• The indicator waits;
• When MA Ribbon confirms trend direction (Long/Short);
• The final LHD label + alert is generated.
This ensures LHD trades are filtered and aligned with MA-based trend confirmation.
⚠ Works only when the MA Ribbon module is active.
Buy Sell Entry Filter SYS (SMC IDM LIT)BUY SELL Entry FILTER
An advanced market analysis tool. It provides visual Buy/Sell signals in the form of triangles (▲▼), as well as analytical elements such as Entry/Stop Loss lines, a delta table, overbought and oversold zones, structural market elements with breakouts, displays information from higher time frames, and most importantly, liquidity blocks that trigger reactions. The indicator has a number of built-in filters that help remove unnecessary Buy/Sell signals from the chart. This allows you to create several profitable strategies. You don't need to sit in front of the charts; the alert system (ALERTS) will tell you when to pay attention to the chart and quickly enter a trade.
There are many signals, and the ▲▼ lines themselves are not an entry point. You need to filter them using other tools, such as liquidity blocks (LB and HTF LB), trend, OS/OB, Delta, and Pullback breakout.
If the ▲▼ appears in the right place, for example, in the liquidity block with the correct trend and the correct delta, then you can enter a trade!
Ideally, take short trades of 1/3 – 1/5 RR on a 1-minute timeframe and be sure to set a stop loss.
Remember! You are solely responsible for your deposit!
Buy/Sell, Entry/SL, OS/OB, Filter, EMA, Delta
This main group of settings is responsible for generating buy and sell signals, setting filters, and displaying moving averages.
1. Buy/Sell Main: Enables/disables the display of the main Buy/Sell signal as a ▲▼. This is a specific pattern that identifies potential trend reversals or continuations.
Buy/Sell Simple: Toggles the display of a simplified Buy/Sell signal in the ▲▼ pattern.
This pattern is less powerful than the main one, but works well in certain contexts.
2. Trend Delta Table: Displays a table on the chart showing the cumulative volume delta for the current trend, as well as the percentage. Useful for assessing the strength of a trend.
3. Entry/SL: When enabled, draws horizontal lines on the chart for Entry and Stop Loss.
4. Filters (Delta, Trend, OS/OB, HTF OS/OB):
These filters help filter out false signals. A Buy/Sell signal is displayed only if it passes all enabled filters:
Delta Filter: A signal is generated if the volume percentage delta (set by the user) matches the signal direction (positive for Buy, negative for Sell).
Trend Filter (EMA): A signal is generated if it matches the trend direction.
OS/OB Filter (RSI): A signal is generated if the price where the signal formed is in the desired zone (below Oversold for Buy, above Overbought for Sell).
HTF OS/OB Filter (RSI): Same as OS/OB, but uses the RSI on a higher timeframe (HTF).
EMA 1 & EMA 2: Displays two exponential moving averages on the chart (default 50 and 100). The line color changes (e.g., green if EMA1 is above EMA2).
Overbought/oversold zone
This group configures overbought/oversold levels and zones, both on the current and higher timeframes.
1. OS/OB zone: Enables/disables the display of dynamic overbought (Oversold) and oversold (Overbought) levels. These levels "float," adapting to the current price. 2. Period: Period for calculating zones (default 50)
OS: Level below which the Oversold zone is defined (default 40).
OB: Level above which the Overbought zone is defined (default 60).
Labels: Toggles the display of text labels (--- OB, --- OS) next to the corresponding levels.
Mid: Toggles the display of the center level and its color.
HTF Zones & Labels: Same as for OS/OB, but for levels on a higher timeframe (HTF).
Smooth: Enables smoothing for calculated price levels of zones, making the lines less sharp.
Structure / Breakout line
This setting adds structural analysis elements and breakout lines to the chart. 1. BO Lines (Breakout Lines): Displays horizontal lines on the chart when the price breaks through the external pullback against the trend, thus showing ChoCh.
2. HH/LL: Displays markers (HH - LL - HL - LH) on the chart to indicate key market structural points.________________________________________
Pullbacks EXT/INT
This setting is responsible for the visualization of pullback lines (Pullback) at external (EXT) and internal (INT) levels.
1. Ext (External): Displays lines connecting external extremes (Pullback), showing potential pullback levels.
2. Int (Internal): Displays lines connecting internal extremes (Pullback).
3. Pending Ext/Int: Displays potential pullback lines that may form if the price reaches the next extreme.
Liquidity blocks
Adds visual rectangles (blocks) to the chart, representing potential liquidity zones (where large orders were placed).
1. LB tune: Parameter determining how many candles are used to determine the pattern for a block.
2. High zone: Color of the line inside the block, indicating the strongest part of the block.
3. Show deleted: Shows deleted (broken) blocks in a different color.
4. Volume LB: Enables/disables the display of the volume value in the block.
Quick liquidity blocks
Similar to main blocks, but creates quick blocks. If a quick block is confirmed, it becomes the main LB; if not, it disappears.
1. Quick LB: Enables/disables quick blocks.
2. QLB tune: Pattern length parameter for quick blocks.
HTF liquidity blocks
Displays LB from a higher timeframe (HTF), using the same principles as main blocks. 1. HTF: Enable/disable HTF blocks.
2. Select a timeframe for calculation.
Alerts
A system for alerting you to important indicator actions. Alerts are triggered by certain events.
1. Bull PB Breakout / Bear PB Breakout: Alert when the external pullback is broken and a ChoCh is formed.
2. Trend Change: Alert when a trend changes.
3. New Block: Alert when a new main liquidity block is formed.
4. New HTF Block: Alert when a new HTF liquidity block is formed.
5. Touch Block: Alert when the price of the main liquidity block is touched.
6. Touch HTF Block: Alert when the price of the HTF liquidity block is touched.
7. Touch mode / Touch mode HTF: Select the alert frequency (before or after the bar closes).
This indicator provides a powerful and flexible tool for market analysis, combining several approaches in a single interface.
Reversals & Pullbacks PRO🚀 Reversals & Pullbacks Pro — Predict Market Turning Points with Precision
Stop chasing trends — start anticipating them.
The Reversals & Pullbacks Pro indicator identifies high-probability reversal and pullback zones before they happen, using advanced mean reversion logic and momentum change signals.
What it does:
✅ Detects major reversals and minor pullbacks in real time
✅ Uses dynamic mean reversion algorithms to spot over-extended price moves
✅ Highlights premium entry zones for counter-trend and trend-reversal setups
✅ Works across many markets — Designed for Forex and Indices but can be used on Crypto
✅ Clean visuals with smart alerts (no repainting after candle close)
💡 Perfect for:
Swing traders, scalpers, and day traders who want to catch price turning points before everyone else.
⏱️ Don’t react — predict.
Upgrade your trading with Reversals & Pullback Pro and trade market reversals like a PRO!
SibayakNa - v16.1 Entry Setup Indicator to confirm Entry Setup with simple MA Crossing, RSI, Volume, ATR, OBV, ADX at MTF.
VWAP Entry Assistant (v1.0)Description:
Anchored VWAP with a lightweight assistant for VWAP reversion trades.
It shows the distance to VWAP, an estimated hit probability for the current bar, the expected number of bars to reach VWAP, and a recommended entry price.
If the chance of touching VWAP is low, the script suggests an adjusted limit using a fraction of ATR.
The VWAP line is white by default, and a compact summary table appears at the bottom-left.
Educational tool. Not financial advice. Not affiliated with TradingView or any exchange. Always backtest before use.
Magracia Entry-Exit 5 Min Time frame//------------------------------------------------------------------------------------------------------
// 🧭 Indicator Description
//------------------------------------------------------------------------------------------------------
// 📘 Overview:
// This indicator is a modified version of the LuxAlgo pattern logic designed to detect
// high-probability **RBD (Rally–Base–Drop)** and **DBR (Drop–Base–Rally)** reversal structures
// directly on the current candle. It automatically identifies potential BUY and SELL zones,
// plots corresponding trade signals, and dynamically calculates **Take Profit (TP)** and **Stop Loss (SL)** levels.
//
// The goal of this tool is to give clear, visually guided trade entries and exits that
// follow price structure and momentum changes without repainting historical data.
//
//------------------------------------------------------------------------------------------------------
// 🧩 How It Works:
// • **RBD (Rally–Base–Drop)** → Indicates a bearish reversal (SELL signal)
// • **DBR (Drop–Base–Rally)** → Indicates a bullish reversal (BUY signal)
// • Optional **RBR / DBD** continuation patterns can be toggled on for trend continuation setups.
// • When a signal is detected, the script automatically places:
// ▫ A BUY or SELL marker at the candle
// ▫ Dynamic TP (green dotted line) and SL (red dotted line) levels
// ▫ An EXIT marker when either TP or SL is reached
//
//------------------------------------------------------------------------------------------------------
// ⚙️ Inputs:
// • Enable or disable individual pattern types (RBD, RBR, DBD, DBR)
// • Toggle continuation patterns (RBR/DBD)
// • Customize Take Profit and Stop Loss percentages
// • Adjust rally/drop bar colors for easier pattern visualization
//
//------------------------------------------------------------------------------------------------------
// 🧠 Usage Tips:
// • Works best on volatile pairs and short–term timeframes (1m to 15m)
// • Can be combined with volume or trend filters for stronger confirmation
// • When used on higher timeframes (e.g., 4H+), increase TP/SL percentage range
//
//------------------------------------------------------------------------------------------------------
// ⚠️ Notes:
// • Signals are plotted **in real-time on the current candle** (not delayed).
// • This indicator is for visual and educational use only and does not guarantee profitability.
// • For optimal results, combine it with proper risk management and confirmation indicators.
//
//------------------------------------------------------------------------------------------------------
// © Gideon (CC BY-NC-SA 4.0 Licensed)
//------------------------------------------------------------------------------------------------------
The Great Anchors: Dual AVWAP Powered by RSI
The Great Anchors
*Dual Anchored Volume Weighted Average Price Powered by RSI*
---
📌 Overview
The Great Anchors is a dual AVWAP-based indicator that resets dynamically using RSI extremes — either from the current asset or a master symbol (e.g., BTCUSDT). It identifies meaningful shifts in price structure and momentum using these "anchored" levels.
It’s designed to help traders spot trend continuations, momentum inflection points, and entry signals aligned with overbought/oversold conditions — but only when the market confirms through volume-weighted price direction.
---
🛠 Core Logic
• AVWAP 1 (favwap): Anchored when RSI reaches overbought levels (top anchor)
• AVWAP 2 (savwap): Anchored when RSI reaches oversold levels (bottom anchor)
• AVWAPs are recalculated each time a new OB/OS condition is triggered — acting like "fresh anchors" at key market turning points.
---
⚙️ Key Features
🔁 Auto or Manual RSI Thresholds
→ Automatically determines dynamic RSI OB/OS levels based on past peaks and troughs, or lets you set fixed levels.
🧠 Master Symbol Control
→ Use the RSI of a separate asset (like BTCUSDT, ETHUSDT, SOLUSDT, BNBUSDT, SUPRAUSDT) or indices (like TOTAL, TOTAL2, BFR) to control resets — ideal for tracking how BTC/major coins impacts altcoins/others.
🔍 Trend-Filtering Signal Logic
→ Signals are filtered for less noise and are triggered when:
- Both AVWAPs are rising (bullish) or falling (bearish)
- Price action confirms the structure
🎯 Visual Markers & Alerts
→ "💥" for bullish signals and "🔥" for bearish ones. Alerts included for automation or push notifications.
---
🎯 How to Use It
1. Add the indicator to your chart.
2. Choose whether to use RSI from the current symbol or a master symbol (e.g., BTC).
3. Select auto-adjusted or manual OB/OS levels.
4. Watch for:
- AVWAP(s) making a significant change (at this point it's one of the AVWAPs resetting)
- Check if price flip it upwards or downwards
- If price goes above both AVWAPs thats a likely bullish trend
- If price can't go above both AVWAPs up and fall bellow both that's a likely bearish trend
- Price retesting upper AVWAP and bounce
- likely bullish continuation
- Price retesting lower AVWAP and dip
- likely bearish continuation
- Signal icons on chart ("💥 - Bullish" or "🔥- Bearish")
Best suited for:
• Swing traders
• Momentum traders
• Traders timing altcoin entries using BTC/Major asset's RSI
---
🔔 Signal Explanation
💥 Bullish Signal =
• Both AVWAPs rising
• Higher lows in price structure
• Bullish candle close
• Triggered from overbought RSI reset
🔥 Bearish Signal =
• Both AVWAPs falling
• Lower highs in price structure
• Bearish candle close
• Triggered from oversold RSI reset
Signals reset by opposite signals to prevent noise or overfitting.
---
⚠️ Tips & Notes
• Use AVWAPs as dynamic support/resistance, even without signal triggers
• Pair with volume or divergence tools for stronger confirmation
---
🧩 Credits & Philosophy
This tool is built with a simple philosophy:
"Anchor your trades to meaningful moments in price — not arbitrary time."
The dual AVWAP concept helps you see how price reacts after momentum peaks, giving you a cleaner bias and more precise trade setups.
---
[COG]TMS Crossfire 🔍 TMS Crossfire: Guide to Parameters
📊 Core Parameters
🔸 Stochastic Settings (K, D, Period)
- **What it does**: These control how the first stochastic oscillator works. Think of it as measuring momentum speed.
- **K**: Determines how smooth the main stochastic line is. Lower values (1-3) react quickly, higher values (3-9) are smoother.
- **D**: Controls the smoothness of the signal line. Usually kept equal to or slightly higher than K.
- **Period**: How many candles are used to calculate the stochastic. Standard is 14 days, lower for faster signals.
- **For beginners**: Start with the defaults (K:3, D:3, Period:14) until you understand how they work.
🔸 Second Stochastic (K2, D2, Period2)
- **What it does**: Creates a second, independent stochastic for stronger confirmation.
- **How to use**: Can be set identical to the first one, or with slightly different values for dual confirmation.
- **For beginners**: Start with the same values as the first stochastic, then experiment.
🔸 RSI Length
- **What it does**: Controls the period for the RSI calculation, which measures buying/selling pressure.
- **Lower values** (7-9): More sensitive, good for short-term trading
- **Higher values** (14-21): More stable, better for swing trading
- **For beginners**: The default of 11 is a good balance between speed and reliability.
🔸 Cross Level
- **What it does**: The centerline where crosses generate signals (default is 50).
- **Traditional levels**: Stochastics typically use 20/80, but 50 works well for this combined indicator.
- **For beginners**: Keep at 50 to focus on trend following strategies.
🔸 Source
- **What it does**: Determines which price data is used for calculations.
- **Common options**:
- Close: Most common and reliable
- Open: Less common
- High/Low: Used for specialized indicators
- **For beginners**: Stick with "close" as it's most commonly used and reliable.
🎨 Visual Theme Settings
🔸 Bullish/Bearish Main
- **What it does**: Sets the overall color scheme for bullish (up) and bearish (down) movements.
- **For beginners**: Green for bullish and red for bearish is intuitive, but choose any colors that are easy for you to distinguish.
🔸 Bullish/Bearish Entry
- **What it does**: Colors for the entry signals shown directly on the chart.
- **For beginners**: Use bright, attention-grabbing colors that stand out from your chart background.
🌈 Line Colors
🔸 K1, K2, RSI (Bullish/Bearish)
- **What it does**: Controls the colors of each indicator line based on market direction.
- **For beginners**: Use different colors for each line so you can quickly identify which line is which.
⏱️ HTF (Higher Timeframe) Settings
🔸 HTF Timeframe
- **What it does**: Sets which higher timeframe to use for filtering (e.g., 240 = 4 hour chart).
- **How to choose**: Should be at least 4x your current chart timeframe (e.g., if trading on 15min, use 60min or higher).
- **For beginners**: Start with a timeframe 4x higher than your trading chart.
🔸 Use HTF Filter
- **What it does**: Toggles whether the higher timeframe filter is applied or not.
- **For beginners**: Keep enabled to reduce false signals, especially when learning.
🔸 HTF Confirmation Bars
- **What it does**: How many bars must confirm a trend change on higher timeframe.
- **Higher values**: More reliable but slower to react
- **Lower values**: Faster signals but more false positives
- **For beginners**: Start with 2-3 bars for a good balance.
📈 EMA Settings
🔸 Use EMA Filter
- **What it does**: Toggles price filtering with an Exponential Moving Average.
- **For beginners**: Keep enabled for better trend confirmation.
🔸 EMA Period
- **What it does**: Length of the EMA for filtering (shorter = faster reactions).
- **Common values**:
- 5-13: Short-term trends
- 21-50: Medium-term trends
- 100-200: Long-term trends
- **For beginners**: 5-10 is good for short-term trading, 21 for swing trading.
🔸 EMA Offset
- **What it does**: Shifts the EMA forward or backward on the chart.
- **For beginners**: Start with 0 and adjust only if needed for visual clarity.
🔸 Show EMA on Chart
- **What it does**: Toggles whether the EMA appears on your main price chart.
- **For beginners**: Keep enabled to see how price relates to the EMA.
🔸 EMA Color, Style, Width, Transparency
- **What it does**: Customizes how the EMA line looks on your chart.
- **For beginners**: Choose settings that make the EMA visible but not distracting.
🌊 Trend Filter Settings
🔸 Use EMA Trend Filter
- **What it does**: Enables a multi-EMA system that defines the overall market trend.
- **For beginners**: Keep enabled for stronger trend confirmation.
🔸 Show Trend EMAs
- **What it does**: Toggles visibility of the trend EMAs on your chart.
- **For beginners**: Enable to see how price moves relative to multiple EMAs.
🔸 EMA Line Thickness
- **What it does**: Controls how the thickness of EMA lines is determined.
- **Options**:
- Uniform: All EMAs have the same thickness
- Variable: Each EMA has its own custom thickness
- Hierarchical: Automatically sized based on period (longer periods = thicker)
- **For beginners**: "Hierarchical" is most intuitive as longer-term EMAs appear more dominant.
🔸 EMA Line Style
- **What it does**: Sets the line style (solid, dotted, dashed) for all EMAs.
- **For beginners**: "Solid" is usually clearest unless you have many lines overlapping.
🎭 Trend Filter Colors/Width
🔸 EMA Colors (8, 21, 34, 55)
- **What it does**: Sets the color for each individual trend EMA.
- **For beginners**: Use a logical progression (e.g., shorter EMAs brighter, longer EMAs darker).
🔸 EMA Width Settings
- **What it does**: Controls the thickness of each EMA line.
- **For beginners**: Thicker lines for longer EMAs make them easier to distinguish.
🔔 How These Parameters Work Together
The power of this indicator comes from how these components interact:
1. **Base Oscillator**: The stochastic and RSI components create the main oscillator
2. **HTF Filter**: The higher timeframe filter prevents trading against larger trends
3. **EMA Filter**: The EMA filter confirms signals with price action
4. **Trend System**: The multi-EMA system identifies the overall market environment
Think of it as multiple layers of confirmation, each adding more reliability to your trading signals.
💡 Tips for Beginners
1. **Start with defaults**: Use the default settings first and understand what each element does
2. **One change at a time**: When customizing, change only one parameter at a time
3. **Keep notes**: Write down how each change affects your results
4. **Backtest thoroughly**: Test any changes on historical data before trading real money
5. **Less is more**: Sometimes simpler settings work better than complicated ones
Remember, no indicator is perfect - always combine this with proper risk management and other forms of analysis!
SuperTrend + Relative Volume (Kernel Optimized)Introducing our new KDE Optimized Supertrend + Relative Volume Indicator!
This innovative indicator combines the power of the Supertrend indicator along with Relative Volume. It utilizes the Kernel Density Estimation (KDE) to estimate the probability of a candlestick marking a significant trend break or reversal.
❓How to Interpret the KDE %:
The KDE % is a crucial metric that reflects the likelihood that the current candlestick represents a true break in the SuperTrend line, supported by an increase in relative volume. It estimates the probability of a trend shift or continuation based on historical SuperTrend breaks and volume patterns:
Low KDE %: A lower probability that the current break is significant. Price action is less likely to reverse, and the trend may continue.
Moderate KDE - High KDE %: An increased possibility that a trend reversal or consolidation could occur. Traders should start watching for confirmation signals.
📌How Does It Work?
The SuperTrend indicator uses the Average True Range (ATR) to determine the direction of the trend and identifies when the price crosses the SuperTrend line, signaling a potential trend reversal. Here's how the KDE Optimized SuperTrend Indicator works:
SuperTrend Calculation: The SuperTrend indicator is calculated, and when the price breaks above (bullish) or below (bearish) the SuperTrend line, it is logged as a significant event.
Relative Volume: For each break in the SuperTrend line, we calculate the relative volume (current volume vs. the average volume over a defined period). High relative volume can suggest stronger confirmation of the trend break.
KDE Array Calculation: KDE is applied to the break points and relative volume data:
Define the KDE options: Bandwidth, Number of Steps, and Array Range (Array Max - Array Min).
Create a density range array using the defined number of steps, corresponding to potential break points.
Apply a Gaussian kernel function to the break points and volume data to estimate the likelihood of the trend break being significant.
KDE Value and Signal Generation: The KDE array is updated as each break occurs. The KDE % is calculated for the breakout candlestick, representing the likelihood of the trend break being significant. If the KDE value exceeds the defined activation threshold, a darker bullish or bearish arrow is plotted after bar confirmation. If the KDE value falls below the threshold, a more transparent arrow is drawn, indicating a possible but lower probability break.
⚙️Settings:
SuperTrend Settings:
ATR Length: The period over which the Average True Range (ATR) is calculated.
Multiplier: The multiplier applied to the ATR to determine the SuperTrend threshold.
KDE Settings:
Bandwidth: Determines the smoothness of the KDE function and the width of the influence of each break point.
Number of Bins (Steps): Defines the precision of the KDE algorithm, with higher values offering more detailed calculations.
KDE Threshold %: The level at which relative volume is considered significant for confirming a break.
Relative Volume Length: The number of historic candles used in calculating KDE %
Toby's Key LevelsAn Indicator that helps determine Key Areas on the chart. You set the values you want the horizontal lines to update. They horizontal lines will be used for exits and entries of trade. My recommendation for these Key Areas are as follows ( These recommendations are mostly for day trading and swing trading ):
XAU: Value distance of 50 ex. XAUUSD.
NAS: Value distance of 250 ex. NAS100/USTEC.
ETH: Value distance of 100 ex. ETHUSD.
AUD pairs: Value distance of 0.0200 ex. GBPAUD, EURAUD.
CAD pairs: Value distance of 0.0100 ex. NZDCAD, EURCAD.
CHF pairs: Value distance of 0.0100 ex. CADCHF, GBPCHF.
GBP pairs: Value distance of 0.00350 ex. EURGBP.
JPY pairs: Value distance of 2.00 ex. EURJPY, GBPJPY.
NZD pairs: Value distance of 0.015 ex. GBPNZD, AUDNZD.
Note:
These are subject to change and you can alter the lines anyhow you want to suit your trading style. These are what I recommend. Remember, Market is King.
Safe Trading!
[COG]StochRSI Zenith📊 StochRSI Zenith
This indicator combines the traditional Stochastic RSI with enhanced visualization features and multi-timeframe analysis capabilities. It's designed to provide traders with a comprehensive view of market conditions through various technical components.
🔑 Key Features:
• Advanced StochRSI Implementation
- Customizable RSI and Stochastic calculation periods
- Multiple moving average type options (SMA, EMA, SMMA, LWMA)
- Adjustable signal line parameters
• Visual Enhancement System
- Dynamic wave effect visualization
- Energy field display for momentum visualization
- Customizable color schemes for bullish and bearish signals
- Adaptive transparency settings
• Multi-Timeframe Analysis
- Higher timeframe confirmation
- Synchronized market structure analysis
- Cross-timeframe signal validation
• Divergence Detection
- Automated bullish and bearish divergence identification
- Customizable lookback period
- Clear visual signals for confirmed divergences
• Signal Generation Framework
- Price action confirmation
- SMA-based trend filtering
- Multiple confirmation levels for reduced noise
- Clear entry signals with customizable display options
📈 Technical Components:
1. Core Oscillator
- Base calculation: 13-period RSI (adjustable)
- Stochastic calculation: 8-period (adjustable)
- Signal lines: 5,3 smoothing (adjustable)
2. Visual Systems
- Wave effect with three layers of visualization
- Energy field display with dynamic intensity
- Reference bands at 20/30/50/70/80 levels
3. Confirmation Mechanisms
- SMA trend filter
- Higher timeframe alignment
- Price action validation
- Divergence confirmation
⚙️ Customization Options:
• Visual Parameters
- Wave effect intensity and speed
- Energy field sensitivity
- Color schemes for bullish/bearish signals
- Signal display preferences
• Technical Parameters
- All core calculation periods
- Moving average types
- Divergence detection settings
- Signal confirmation criteria
• Display Settings
- Chart and indicator signal placement
- SMA line visualization
- Background highlighting options
- Label positioning and size
🔍 Technical Implementation:
The indicator combines several advanced techniques to generate signals. Here are key components with code examples:
1. Core StochRSI Calculation:
// Base RSI calculation
rsi = ta.rsi(close, rsi_length)
// StochRSI transformation
stochRSI = ((ta.highest(rsi, stoch_length) - ta.lowest(rsi, stoch_length)) != 0) ?
(100 * (rsi - ta.lowest(rsi, stoch_length))) /
(ta.highest(rsi, stoch_length) - ta.lowest(rsi, stoch_length)) : 0
2. Signal Generation System:
// Core signal conditions
crossover_buy = crossOver(sk, sd, cross_threshold)
valid_buy_zone = sk < 30 and sd < 30
price_within_sma_bands = close <= sma_high and close >= sma_low
// Enhanced signal generation
if crossover_buy and valid_buy_zone and price_within_sma_bands and htf_allows_long
if is_bullish_candle
long_signal := true
else
awaiting_bull_confirmation := true
3. Multi-Timeframe Analysis:
= request.security(syminfo.tickerid, mtf_period,
)
The HTF filter looks at a higher timeframe (default: 4H) to confirm the trend
It only allows:
Long trades when the higher timeframe is bullish
Short trades when the higher timeframe is bearish
📈 Trading Application Guide:
1. Signal Identification
• Oversold Opportunities (< 30 level)
- Look for bullish crosses of K-line above D-line
- Confirm with higher timeframe alignment
- Wait for price action confirmation (bullish candle)
• Overbought Conditions (> 70 level)
- Watch for bearish crosses of K-line below D-line
- Verify higher timeframe condition
- Confirm with bearish price action
2. Divergence Trading
• Bullish Divergence
- Price makes lower lows while indicator makes higher lows
- Most effective when occurring in oversold territory
- Use with support levels for entry timing
• Bearish Divergence
- Price makes higher highs while indicator shows lower highs
- Most reliable in overbought conditions
- Combine with resistance levels
3. Wave Effect Analysis
• Strong Waves
- Multiple wave lines moving in same direction indicate momentum
- Wider wave spread suggests increased volatility
- Use for trend strength confirmation
• Energy Field
- Higher intensity in trading zones suggests stronger moves
- Use for momentum confirmation
- Watch for energy field convergence with price action
The energy field is like a heat map that shows momentum strength
It gets stronger (more visible) when:
Price is in oversold (<30) or overbought (>70) zones
The indicator lines are moving apart quickly
A strong signal is forming
Think of it as a "strength meter" - the more visible the energy field, the stronger the potential move
4. Risk Management Integration
• Entry Confirmation
- Wait for all signal components to align
- Use higher timeframe for trend direction
- Confirm with price action and SMA positions
• Stop Loss Placement
- Consider placing stops beyond recent swing points
- Use ATR for dynamic stop calculation
- Account for market volatility
5. Position Management
• Partial Profit Taking
- Consider scaling out at overbought/oversold levels
- Use wave effect intensity for exit timing
- Monitor energy field for momentum shifts
• Trade Duration
- Short-term: Use primary signals in trading zones
- Swing trades: Focus on divergence signals
- Position trades: Utilize higher timeframe signals
⚠️ Important Usage Notes:
• Avoid:
- Trading against strong trends
- Relying solely on single signals
- Ignoring higher timeframe context
- Over-leveraging based on signals
Remember: This tool is designed to assist in analysis but should never be used as the sole decision-maker for trades. Always maintain proper risk management and combine with other forms of analysis.
Relative Risk MetricOVERVIEW
The Relative Risk Metric is designed to provide a relative measure of an asset's price, within a specified range, over a log scale.
PURPOSE
Relative Position Assessment: Visualizes where the current price stands within a user-defined range, adjusted for log scale.
Logarithmic Transformation: Utilizes the natural log to account for a log scale of prices, offering a more accurate representation of relative positions.
Calculation: The indicator calculates a normalized value via the function Relative Price = / log(UpperBound) − log(LowerBound) . The result is a value between 0 and 1, where 0 corresponds to the lower bound and 1 corresponds to the upper bound on a log scale.
VISUALIZATION
The indicator plots three series:
Risk Metric - a plot of the risk metric value that’s computed from an asset's relative price so that it lies within a logarithmic range between 0.0 & 1.0.
Smoothed Risk Metric - a plot of the risk metric that’s been smoothed.
Entry/Exit - a scatter plot for identified entry and exit. Values are expressed as percent and are coded as red being exit and green being entity. E.g., a red dot at 0.02 implies exit 2% of the held asset. A green dot at 0.01 implies use 1% of a designated capital reserve.
USAGE
Risk Metric
The risk metric transformation function has several parameters. These control aspects such as decay, sensitivity, bounds and time offset.
Decay - Acts as an exponent multiplier and controls how quickly dynamic bounds change as a function of the bar_index.
Time Offset - provides a centering effect of the exponential transformation relative to the current bar_index.
Sensitivity - controls how sensitive to time the dynamic bound adjustments should be.
Baseline control - Serves as an additive offset for dynamic bounds computation which ensures that bounds never become too small or negative.
UpperBound - provides headroom to accomodate growth an assets price from the baseline. For example, an upperbound of 3.5 accommodates a 3.5x growth from the baseline value (e.g., $100 -> $350).
LowerBound - provides log scale compression such that the overall metric provides meaningful insights for prices well below the average whilst avoiding extreme scaling. A lowerbound of 0.25 corresponds to a price that is approx one quarter of a normalised baseline in a log context.
Weighted Entry/Exit
This feature provides a weighted system for identifying DCA entry and exit. This weighting mechanism adjusts the metric's interpretation to highlight conditions based on dynamic thresholds and user-defined parameters to identify high-probability zones for entry/exit actions and provide risk-adjusted insights.
Weighting Parameters
The weighting function supports fine-tuning of the computed weighted entry/exit values
Base: determines the foundational multiplier for weighting the entry/exit value. A higher base amplifies the weighting effect, making the weighted values more pronounced. It acts as a scaling factor to control the overall magnitude of the weighting.
Exponent: adjusts the curve of the weighting function. Higher exponent values increase sensitivity, emphasizing differences between risk metric values near the entry or exit thresholds. This creates a steeper gradient for the computed entry/exit value making it more responsive to subtle shifts in risk levels.
Cut Off: specifies the maximum percentage (expressed as a fraction of 1.0) that the weighted entry/exit value can reach. This cap ensures the metric remains within a meaningful range and avoids skewing
Exit condition: Defines a threshold for exit. When the risk metric is below the exit threshold (but above the entry threshold) then entry/exit is neutral.
Entry condition: Defines a threshold for entry. When the risk metric is above the entry threshold (but below the exit threshold) then entry/exit is neutral.
Weighting Behaviour
For entry conditions - value is more heavily weighted as the metric approaches the entry threshold, emphasizing lower risk levels.
For exit conditions - value is more heavily weighted as the metric nears the exit threshold, emphasizing increased risk levels.
USE-CASES
Identifying potential overbought or oversold conditions within the specified logarithmic range.
Assisting in assessing how the current price compares to historical price levels on a logarithmic scale.
Guiding decision-making processes by providing insights into the relative positioning of prices within a log context
CONSIDERATIONS
Validation: It's recommended that backtesting over historical data be done before acting on any identified entry/exit values.
User Discretion: This indicator focus on price risk. Consider other risk factors and general market conditions as well.
RSI (Kernel Optimized) | Flux Charts💎 GENERAL OVERVIEW
Introducing our new KDE Optimized RSI Indicator! This indicator adds a new aspect to the well-known RSI indicator, with the help of the KDE (Kernel Density Estimation) algorithm, estimates the probability of a candlestick will be a pivot or not. For more information about the process, please check the "HOW DOES IT WORK ?" section.
Features of the new KDE Optimized RSI Indicator :
A New Approach To Pivot Detection
Customizable KDE Algorithm
Realtime RSI & KDE Dashboard
Alerts For Possible Pivots
Customizable Visuals
❓ HOW TO INTERPRET THE KDE %
The KDE % is a critical metric that reflects how closely the current RSI aligns with the KDE (Kernel Density Estimation) array. In simple terms, it represents the likelihood that the current candlestick is forming a pivot point based on historical data patterns. a low percentage suggests a lower probability of the current candlestick being a pivot point. In these cases, price action is less likely to reverse, and existing trends may continue. At moderate levels, the possibility of a pivot increases, indicating potential trend shifts or consolidations.Traders should start monitoring closely for confirmation signals. An even higher KDE % suggests a strong likelihood that the current candlestick could form a pivot point, which could lead to a reversal or significant price movement. These points often align with overbought or oversold conditions in traditional RSI analysis, making them key moments for potential trade entry or exit.
📌 HOW DOES IT WORK ?
The RSI (Relative Strength Index) is a widely used oscillator among traders. It outputs a value between 0 - 100 and gives a glimpse about the current momentum of the price action. This indicator then calculates the RSI for each candlesticks, and saves them into an array if the candlestick is a pivot. The low & high pivot RSIs' are inserted into two different arrays. Then the a KDE array is calculated for both of the low & high pivot RSI arrays. Explaining the KDE might be too much for this write-up, but for a brief explanation, here are the steps :
1. Define the necessary options for the KDE function. These are : Bandwidth & Nº Steps, Array Range (Array Max - Array Min)
2. After that, create a density range array. The array has (steps * 2 - 1) elements and they are calculated by (arrMin + i * stepCount), i being the index.
3. Then, define a kernel function. This indicator has 3 different kernel distribution modes : Uniform, Gaussian and Sigmoid
4. Then, define a temporary value for the current element of KDE array.
5. For each element E in the pivot RSI array, add "kernel(densityRange.get(i) - E, 1.0 / bandwidth)" to the temporary value.
6. Add 1.0 / arrSize * to the KDE array.
Then the prefix sum array of the KDE array is calculated. For each candlestick, the index closest to it's RSI value in the KDE array is found using binary search. Then for the low pivot KDE calculation, the sum of KDE values from found index to max index is calculated. For the high pivot KDE, the sum of 0 to found index is used. Then if high or low KDE value is greater than the activation threshold determined in the settings, a bearish or bullish arrow is plotted after bar confirmation respectively. The arrows are drawn as long as the KDE value of current candlestick is greater than the threshold. When the KDE value is out of the threshold, a less transparent arrow is drawn, indicating a possible pivot point.
🚩 UNIQUENESS
This indicator combines RSI & KDE Algorithm to get a foresight of possible pivot points. Pivot points are important entry, confirmation and exit points for traders. But to their nature, they can be only detected after more candlesticks are rendered after them. The purpose of this indicator is to alert the traders of possible pivot points using KDE algorithm right away when they are confirmed. The indicator also has a dashboard for realtime view of the current RSI & Bullish or Bearish KDE value. You can fully customize the KDE algorithm and set up alerts for pivot detection.
⚙️ SETTINGS
1. RSI Settings
RSI Length -> The amount of bars taken into account for RSI calculation.
Source -> The source value for RSI calculation.
2. Pivots
Pivot Lengths -> Pivot lengths for both high & low pivots. For example, if this value is set to 21; 21 bars before AND 21 bars after a candlestick must be higher for a candlestick to be a low pivot.
3. KDE
Activation Threshold -> This setting determines the amount of arrows shown. Higher options will result in more arrows being rendered.
Kernel -> The kernel function as explained in the upper section.
Bandwidth -> The bandwidth variable as explained in the upper section. The smoothness of the KDE function is tied to this setting.
Nº Bins -> The Nº Steps variable as explained in the upper section. It determines the precision of the KDE algorithm.
Harmonic Patterns [WinWorld]PREFACE
This indicator was made with the help of our team's fellow friend and harmonic patterns expert, whose support we deeply appreciate — @Muneer_Gove
DESCRIPTION
Harmonic patterns are one the most recognizable and popular trading concepts in the word of trading.
They are distinct formations, found in the financial markets, that predict potential price movements based on Fibonacci ratios. These patterns, which include the Gartley, Bat, Alt Bat, Butterfly and etc., identify specific and repetitive price structures that can forecast future price reversals. By incorporating these patterns into trading process, one does gain an opportunity to profit from repetetitve price movements.
The whole thing about harmonic pattern is the process of finding them. The basic step-by-step guide to build a harmonic pattern is this:
Locate significant highs and lows on the chart, which form the basis of the pattern. The best tools to use for this purple is zigzag, because zigzag indicator draw lines, which will be helpful quite helpful in the process and will save you a lot of time;
Use Fibonacci tools to measure the retracement and extension levels between legs of pattern — distances between pair of points . Each harmonic pattern has specific Fibonacci ratios that define its structure;
Draw lines connecting the pivot points according to the pattern's structure. For example, a Gartley pattern connects five points (X, A, B, C, D) in a specific sequence and ratio;
Ensure that the identified structure adheres to the harmonic pattern’s Fibonacci requirements. If the points align within the acceptable ranges, the pattern is valid.
In order to better understand this process let's see an example of the pattern from our indicator right away:
This is a Butterfly pattern. Its set of retracememt ratios is as follows:
AB/XA = 0.756 to 0.816
BC/AB = 0.382 to 0.990
CD/BC = 1.618 to 2.618
AD/XA = 1.27
Below you can see that each ratio of the pattern is successfully met:
* Note : white lines — ratio range, yellow line — point 's price level in between ranges.
AB/XA Ratio
BC/AB Ratio
CD/BC Ratio
AD/XA Ratio
SETTINGS
Main Settings
Failed Patterns — shows/hides patterns, which meet one of these conditions:
— Price crossed level of point C before reaching PRZ;
— New pattern appeared and PRZ of previous pattern was not reached;
Completed Patterns — shosw/hides patterns, whose PRZ was reached;
Dashboard — shows/hides dashboard, which displays active patterns (patterns, which can be used to trade).
Alert Settings
PRZ — enables/disables alert of event, when price reaches PRZ.
ZigZag Settings
Depth #1-9 — shows/hides patterns of the chosen zigzag copy. Here you can choose customize depth number.
Pattern Visual Controls
Bullish Patterns — shows/hides bullish patterns;
Bearish Patterns — shows/hides bearish patterns;
Pending Patterns — shows/hides patterns, whose PRZ has not been reached yet;
list of pattern names — hides/shows chosen pattern.
Colours
Bullish — colour of bullish patterns;
Bearish — colour of bearish patterns.
IMPORTANT CONCEPTS
PRZ — entry target level.
If its text near the line level is purple, it means that PRZ has NOT been reached yet.
If it is white, it means that PRZ has been reached.
In order for SL or TP to be counted when price reaches, price has to reach PRZ first with its high/low.
SL — stop-loss.
If its near the line level is red, it means that SL has NOT been reached yet.
If it is white, it means that SL has been reached.
If it is gray, it means that SL has been invalidated — price crossed with high/low the level of point C before reaching PRZ.
If SL is reached and price reaches TP targets, they will be counted.
SL of each pattern are built by individual ratio. For example, in Butterfly pattern SL ratio is 1.414 and it is calculated as (SL - A)/XA.
IMPORTANT NOTE : SL is reached when price crosses SL level with candle's close (!)
TP — take-profit.
If its near the line level is green, it means that TP has NOT been reached yet.
If it is white, it means that TP has been reached.
If one of the TP targets is reached and price reached SL, it will not be counted.
IMPORTANT NOTE : TP is reached when price crosses TP level with candle's high/low(!)
TP of each pattern are built by same the ratios for all patterns, but it is calculated by individual algorithm. For example, in the same Butterfly pattern TP ratio will be 0.382, 0.500 and 0.618 and they will be placed as Fibonacci retracement grid from point A to point D ( same for formula for all other patterns, excluding the ones listed next ), BUT on Shark , Muner and AB=CD pattern the same TP will be placed as Fibonacci retracement grid from point C to point D
WHY USE THIS INDICATOR?
Our Harmic Patterns indicator uses zigzag, which is based on depth mechanic. In order to identify the maximum possible amount of patterns this indicator runs 9 copies of the same zigzags with different depth values. Each copy of zigzag can be turned off in the settings individually.
At the moment of publishing, this indicator can autmatically identify 10 patterns:
Crab
Deep Crab
Gartley
Deep Gartley
Bat
Alt Bat
Muner
Butterfly
Shark
AB=CD
Things, that make this indicator different from other harmonic pattern indicator, are:
Advanced pattern recognition and validation process. We have implemeted special logic, which allows the indicator to draw fully accurate patterns, which satisfy industry standards.
For example, let's say we have a bearish pattern. We take points X an A. If there is a price's high, that is above X point's high, such pattern should be automatically invalidated. We have found even one indicator that does perform such validation process, and our indicator does that. . And this is just one example, we have much of such mechanics implemeted thanks to Mr. Muner's knowledge.
Advanced pattern extension mechanics . Right this mechanic applies to only one pattern — Shark. Its classic CD/BC ratio is 0.886, but when price moves in a way so this ratio now equals to 1.13, this signal the indicator to redraw the pattern, based on this new CD/BC ratio. We haven't found any indicator on the market that has such mechanic implemented.
Dashboard for displaying active patterns . On this dashboard you can find patterns, whose SL and TP have not been touched yet. If price touches the SL or TP of the pattern, this pattern is removed from the dashboard, because it is considered finished.
At the moment of publishing this dashboard only shows the patterns from the current timeframe.
Informative alert when price reaches PRZ of the pattern . Many other indicator do not provide details of this event, which requires trader to waste his time on opening up the chart and searching for this event. Our indicator allows trader to see the PRZ price right when alert happens and open up the trade much fastr.
Alert message is made by this template:
, : PRZ was reached at on
Example:
BTCUSDT, long Bat: PRZ was reached at 70,000 on 15m.
ALERTS
At the moment of publishing this indicator offers one alert, which happens when price reaches PRZ level.
HOW CAN I GET THE MOST OUT OF THIS INDICATOR?
This indicator can act as the standalone tool, because PRZ, TP and SL are assigned to each pattern and tracked during the pattern's life period.
You can this indicator with any other strategy or indicator, because this indicator is basically a tool that shows the trader repetitive price formations, after which price tends to go a certaion direction in the most cases, allowing trader to profit from it.
You can try combining Harmonic Patterns indicator with Smart Money tools, made by our team, because Smart Money strategies basically show the most liquid price zones and levels, which can be used to find an entry opportunity and Harmonic Patterns indicator can be added to make a final decision on the entry.
If you are interested in trying these two strategies together, feel free to learn Smart Money trading strategy by reading our Advanced SMC guide, which is available in our eductional materials.
SUMMARY
Harmonic Patterns indicator is an advanced tool of technical analysis, which automatically finds 10 most used harmonic patterns on the chart, assign PRZ, TP and SL targets to them and tracks them during each pattern 'life period'.
While searching for these patterns, this indicator performs series of validation techniques, that allow trader to see only the most valid patterns, which have a higher changes to succeed.
This indicator can be used both as a standalone tool and as 'team player' for any stategy by being the tool, which can be used for making a final decision on an entry target.
AFTERWORD
This indicator has been developed for more than 2 weeks, which consisted of everyday discussions, bug fixes and special additons to the algorithm in order to making patterns more valid, so we really hope you will find a great use of this indicator and it will help you recude time on the analysis and boost your profits :)
We want to express our gratitude to @Muneer_Gove once again, because he has done huge job helping us fine-tuning the algorithm, building complex pattern validatiom and extension logic and fixing bugs. Thank you!
Best of luck , traders!
— with love, WinWorld Team
Entry Fragger - Strategy
For basic instructions please visit my other script "Entry Fragger".
The Signal Logic is explained there.
v1.4:
- Added advanced backtesting with fully customizable entries.
- Fully automated Buy Signals (profitable).
- Adjustable timeframes for signal logic. (requested)
Every setting affects the accuracy and profitability greatly now, based on settings applied.
The strategy performs best on high timeframes with larger capital and no leverage.
Useless for Forex, but absolutely smashes stocks and crypto on mid to high timeframes.
Please read through my other scripts description.
Set values as preferred and try your assets.
It does NOT work on low timeframes and forex!
Hint: BTC 4H, Custom Timeframe 1h, Moon Mode and Show Sell Signals enabled, R2R: 2.
Range Average Retest Model [LuxAlgo]The Range Average Retest Model tool highlights setups from the range average retest entry model, a model using the retest of the average between two opposite swing points as an entry.
This tool uses long-term volatility coupled with user-defined multipliers to filter out swing areas and set take profit and stop loss levels for all trades.
Key features include:
Draw up to 165 swing areas and their associated trades
Filter out swing areas using Pivot Length , Selection Mode and Threshold parameters
Filter out trades with Maximum Distance and Minimum Distance parameters
Enable or disable swing areas and select default colors
Enable or disable overlapping trades and change the default colors for Take Profit and Stop Loss zones
🔶 USAGE
The "Range Average Retest Model" is an entry model that enters a position when the price retests the average made between two swing points. Users can determine the period of the detected swing points from the "Pivot Length" setting.
The conditions for long or short trades, regardless of whether the swing area is bullish or bearish, are as follows:
Long positions: the current bar close is below the swing area average and the last bar close was above it.
Short positions: the current bar close is above the swing area average price and the last bar close was below it.
Each trade is displayed on the chart with a line connecting it to its swing area highlighting the range average, a green area for the take profit, and a red area for the stop loss.
Both the Take Profit and Stop Loss levels are calculated by applying your own multiplier in the settings panel to the long-term volatility measure, in this case, the average true range over the last 200 bars.
Trades will remain open until they reach either the Stop Loss or Take Profit price levels.
🔹 Filtering Swing Areas
The daily chart of the Nasdaq-100 futures (NQ) with pivot length 2 and bullish selection mode: it only detects bullish swing areas, but they are smaller and more numerous.
Traders can manipulate the behavior of the swing areas from the settings panel.
The Selection mode will filter areas by bias: it will detect bullish areas, bearish areas, or both.
The Threshold parameter is applied to the long-term volatility to filter out areas where the average prices are too close together; the higher the value, the greater the difference between the average prices must be.
🔹 Trades
3-minute chart of the Nasdaq-100 futures (NQ) with pivot length 5, bearish selection mode maximum distance 4, and stop loss 2: many trades detected with very asymmetric risk/reward.
The behavior of the trades is also manipulated from the settings panel.
The maximum and minimum distance parameters specify the number of bars a trade must be away from a swing area.
The Take Profit and Stop Loss parameters are applied to the long-term volatility to obtain their respective price levels.
🔹 Overlapping Trades
Same chart as before, but with overlapping trades: messy, right?
By default the tool does not show overlapping trades, this allows for a cleaner chart.
In the settings panel traders can enable overlapping mode, in which case the tool will show all available trades.
Traders must be aware that the chart can be very crowded.
🔶 SETTINGS
🔹 Swings
Pivot Length: How many bars are used to confirm a swing point. The larger this parameter is, the larger and fewer swing areas will be detected.
Selection Mode: Swing area detection mode, detect only bullish swings, only bearish swings, or both.
Threshold: Swing area comparator. This threshold is multiplied by a measure of volatility (average true range over the last 200 bars), for a new swing area to be detected it must have an average level that is sufficiently distant from the average level of any untouched swing area, this parameter controls that distance.
🔹 Trades
Maximum distance: Maximum distance allowed between a swing area and a trade.
Minimum distance: Minimum distance allowed between a swing area and a trade.
Take profit: The size of the take profit - this threshold is multiplied by a measure of volatility (the average true range over the last 200 bars).
Stop loss: The size of the stop-loss: this threshold is multiplied by a measure of volatility (the average true range over the last 200 bars).
Digital Market Insight's Dream IndicatorWhy the Digital Market Insight’s Dream Indicator Blends Sixteen Technical Indicators
Analyzing markets can be overwhelming with so many technical indicators available. Choosing the right ones and combining them effectively can be a challenge. This indicator simplifies this by leveraging the power of collaboration.
Unleashing the power of automation, Digital Market Insight's Dream Indicator simplifies both day trading and long-term investing by automatically generating buy and sell signals.
This user-friendly indicator simplifies everything, making it easy to identify profitable trades where other indicators usually fall short.
Instead of relying on a few popular indicators, the Digital Market Insight’s Dream Indicator incorporates sixteen diverse metrics. Each offers unique insights into different aspects of market behavior, giving you a complete picture that goes beyond what any single indicator can provide.
Combining indicators that analyze trends, momentum, volume, and volatility allows you to see the market from different angles. This combination creates a powerful tool that can uncover opportunities missed by traditional indicators.
Digital Market Insight’s Dream Indicator uses sophisticated algorithms to balance the influence of each individual indicator. This ensures that no single metric dominates the analysis, providing a more objective perspective.
In short, Digital Market Insight’s Dream Indicator makes the complex task of choosing and combining indicators seamless and automated. This allows traders of all experience levels to benefit from powerful technical analysis, unlocking potentially profitable opportunities they might have missed otherwise.
Leveraging sixteen popular technical indicators, the Dream Indicator from Digital Market Insight meticulously dissects trends, momentum, volume, and volatility to offer comprehensive market insights. Inspired by the Relative Strength Index (RSI), it scales these indicators and identifies breakouts with optimized overbought and underbought thresholds. This combined data is compared to the security, generating a divergence line. The line's magnitude and speed are monitored, leading to the creation of buy and sell signals.
The following is a list of the sixteen indicators that it tracks:
• Parabolic SAR
• Directional Movement Index
• Chande Momentum Oscillator
• Commodity Channel Index
• Volume-Weighted Average Price
• On-Balanced Volume
• Money Flow Index
• Relative Strength Index
• Moving average convergence divergence
• Bollinger Band
• Stochastic
• True Strength Index
• Chaikin Money Flow
• Williams %R
• Sentiment
• Supertrend
While the combination of technical indicators is intriguing, the Dream Indicator's true power lies in its dynamic false signal suppression settings. This system can adapt to frequent market changes in real-time, allowing for a nuanced understanding of market direction. Imagine a rapid price swing triggered by a news announcement. While other indicators provide static signals, the Dream Indicator takes a dynamic approach. By offering multiple adjustable factors, it allows users to customize the indicator to their specific needs and preferences, potentially revealing deeper insights into market trends.
The following is the list of suppression settings:
• Suppress Using an SMA Window? Size?
This suppresses when the security price varies outside a simple moving average window. The window size can be adjusted.
• Suppress Using Supertrend Direction? Factor?
This suppresses when the Supertrend’s direction, increasing or decreasing, is contrary to the security’s gain. The Supertrends factor can be adjusted.
• Suppress Using Security ROC? ROC?
This suppresses when the security’s rate of change (ROC) is above a selectable value.
• Suppress Unfavorable Convergence/Divergence?
The buy alert is suppressed when the faster exponential moving average is less than the slower exponential moving average for both the sentiment and standard MACD. The sell alert is suppressed when the slower exponential moving average is less than the faster exponential moving average for both the sentiment and standard MACD.
• Suppress Unfavorable Trending Sentiment?
This suppresses buy alerts when the sentiment value is lowering and its value is currently below zero. This suppresses sell alerts when the sentiment value is rising and its value is currently above zero.
• Suppress Using Contrary Accumulated Forecast?
Suppress when the combined buy/sell signal is contrary to the security trend.
• Don’t Suppress First Alert?
Always Display First Alert.
How to use:
1. Activate the Indicator:
• Add the Digital Market Insight’s Dream Indicator.
• Select a security.
• Adjust the Alert Frequency, if desired.
• Configure the ATR Multiplier for optimal trailing stop orders, if desired.
2. Set audible alerts, if desired:
1. Select a security and adjust settings if you haven’t yet.
2. Select Alert at the top of the TradingView window or press + .
3. Select Digital Market Insight’s Dream Indicator across from Condition.
4. Select Alert for Buy across from Condition.
5. Select Once Per Bar Close across from Trigger.
6. Select Notifications at the top of the Create Alert window.
7. Select the Play sound checkbox.
8. Select the Create button at the bottom of the Create Alert window.
9. Repeat steps 2–8, substituting Alert for Sell in step 4.
3. Watch displayed information for opportunities:
• Circle Alerts: Green circles indicate buy signals, red ones signal sell opportunities. Larger circles are audible, providing immediate trading prompts.
• SMA Gain: This metric reflects the average profit potential per trade, assuming a sideways trend.
4. Utilize False-Signal Suppression:
• Select the appropriate false-signal suppression methods based on your trading strategy and risk tolerance.
• Monitor the SMA Gain and Circle Alerts as you adjust these settings to see their impact.
• Eliminate misleading signals and gain a clearer picture of the market.
5. Combine with Other Indicators:
• Consider displaying the Sentiment MACD and Divergence RSI for further insights.
• Utilize these additional indicators alongside Dream Indicator's signals for a more comprehensive analysis.
The following describes the displayed information and how to use it. It is in three levels: location/displayed text/description.
Upper Left/Week:/
Displays week gain.
Upper Left/Day:/
Displays day’s gain.
Upper Left/SMA:/
Displays SMA’s gain. The SMA gain is calculated from the average difference between the buy and sell alerts and a simple moving average. This makes it easy to compare differences between securities and setting changes. Basically, the SMA gain is the average profit that can be expected from a single buy sell trade, assuming that the security is trending sideways. Note: With a free TradingView account, the data will be limited, and therefore this value will be less accurate.
Upper Center/Misc. text/
A variety of security information is displayed here, including description, country, type, sector, and industry. The analyst's recommendation is also displayed when selected in the settings section.
Upper Right/ #🕪⚠:/
Displays number of audible alerts. This shows how many audible alerts you’ll get per day on average for the selected security. You will see this number change as you adjust the Alert Frequency setting in the indicator settings section.
Lower Right/ ATR × X.X:/
Displays the Average True Range (ATR) multiplied by a multiplier that is located in the indicator settings section. The upper and lower ATR values are also displayed. The Average True Range is a measure of price volatility and can be used for things like trailing stop orders. Place your stop-loss order a multiple of the ATR below your entry price for long trades and above your entry price for short trades. This will give your trade some room to breathe while still protecting you from significant losses. Adjust the multiple based on market volatility. In more volatile markets, use a larger multiple to account for potentially wider price swings.
The following is a description of important items in the indicator settings section:
--- MISC. SETTINGS ---
Alert Frequency
Alert Frequency will increase or decrease both the displayed alerts and audible alerts. This is one of the more important indicator settings and should be adjusted according to your investing style. If you have a large number of active alerts, you may want to reduce the alert frequency to avoid being overwhelmed. However, if you set this too low, you may miss some trading opportunities.
ATR Multiplier
The ATR multiplier is a multiplier for the Average True Range which is described above. It can help with finding trailing stop order values.
Use Sentiment Coloring
This changes the color of some graphs to a color gradient, indicating the security's sentiment, and may help you identify trend changes.
Sentiment Calc Index
This setting mainly affects the sentiment color scheme and the displayed sentiment graph. Adjust it to match the index in which the security is traded. You can find it at the top left of the TradingView window.
Display Analyst’s Recommendations
This will display the analyst's recommendations and could be handy when unsure whether a security is worth investing in. :-)
--- GRAPH DISPLAY SETTINGS ---
These are additional graphs that can be displayed and can be a valuable addition to your investing. Consider displaying the Sentiment MACD and the Divergence RSI which are both variations of the standard MACD and RSI indicators.
--- FALSE ALERT SUPPRESSION ---
These settings will allow suppression of false signals and are an important feature of this indicator. They will manipulate the gain. Watch the displayed SMA Gain and Circle Alerts as you toggle some of these settings. Some Circle Alerts will appear or vanish, and the SMA Gain will change. Remember, the larger circle alerts are the only ones that will be audible. Both small and large circles indicate a buy or sell alert: green for buy and red for sell.
Disclaimer:
This is not Investment Advice. Trading involves inherent risks, and all decisions should be made at your own discretion.
Entry Assistant & News AlertIntention Of This Indicator
This indicator is intended to be used as an assistant in combination with a technical strategy.
This indicator has several functions intended to assist you at entering positions.
This indicator is intended to be used with strategies that place Stop Losses above / below candles, and entries at the BOC ( Break Of The Previous Candle , For Longs it is when price goes above the previous candles high, For Shorts it is when price goes below the previous candles low)
This indicator allows you to enter daily news release times, and it will warn you before and after that news release time ( to help you stay out of trading news )
This indicator Draw / Displays the following
A line below ( for Longs ) / above ( for Shorts ) the current candle, with an additional pip value for extra space ( this displays where to place your Stop Loss )
A label displaying the price of the Stop Loss line, to assist in placing the Stop Loss
A line displaying where the BOC is ( based off of going Long or going Short )
A box that appears when the BOC has occurred ( entry signal )
A line displaying where the news release is going to happen ( only according to your time input settings )
A box that surrounds the news release ( only according to your time input settings )
A table in the bottom right corner that shows you when there is Active News ( only according to your time input settings )
Inputs
Inputs to change the aesthetics ( colours etc. )
Numeric inputs to modify the placement / spacing of the Stop Loss / Entry signal / News
Toggles to activate or deactivate features
Disclaimer
This indicator does not guaranteed to work for every instrument ( always test before use! )
It is not at all intended to be a signal indicator on its own, but rather only to give a signal when used with specific technical strategies that us BOC entries.
This indicator is not guaranteed to be accurate, or error free.
This indicator is not signalling winning entries or high probability entries.
You must manually enter the news time inputs, this indicator does not automatically show you when there is a news release
This is a combination indicator of my Entry Assistant and my News Alert indicator, both can be found and used separately.
[TT] Entry ProIndicators doesnt make money, it is the concept behind the indicator that makes money. Please read and understand before contact. This is not for beginners or people who are looking for Buy Sell signals. Purely for those who can understand the concept of confluence.
This indicator will help you identify the Entry candle with confluence of SMC or Pivots or any other analysis that you use.
Rules to follow :-
1. Identify Support Resistance (Smart Money Concept), Pivots, Trendlines (Choice is Yours)
2. Once Identified S&R Look for Bearish Candle at resistance or Bullish signal at Support, mark the areas
NSE:NIFTY
3. At Support as shown above in examples if the pink candle or the confirmation candle doesnt close break the support but closes above the support area, we do not consider it as break down. Some time breakdown happens and then at retest we get the bearish signal, that will be a good entry.
4. Like wise at resistance if you cant see a bullish signal breaking the resistance area, we do not consider break out. Same as above sometimes we get a signal after breakout and while retesting. Bullish SIgnal At support example is given below
NSE:BANKNIFTY
5. Enter in to a trade right when you get the signal use less lot size when you do and once you see price coming in to the range of the colored candle keep accumulating more at OHLC areas, first at high of colored candle and then close and then HL2 areas likewise, this helps to reduce your SL.
Note:
Areas to remember and not to get confused. At Important levels (Support or Resistance) once you get a relavent signal while retesting that signal you get a counter signal do not get confused by that and exit the trade. once you enter a trade you have to remain there as long as your SL is not hit. Remember that You have to use this retest candles to enter in to a trade, but not to get scared.
How to Use this in Swing or Long term trading? Futures or Stocks !!!
Look at the setup below Use weekly Chart to analyze for investment. In the below chart you can see there is a breakout of Swing high with candle and then a retest happened Twice but that area is intact. The best strategy to consider confluence is SMC. Thats what my perfect Setup is. You can use Orderblock to see if that orderblock is valid or not. Below you can see NSE:BANKNIFTY
Few more Stocks for Example. NSE:AXISBANK
BITSTAMP:BTCUSD
OANDA:EURUSD
Strictly Not assuring any 100% results. You need to least be confident on one concept of trading to aquire results.
Three-Day Rolling PivotThe three-day rolling pivot is another pivot concept,
which may be used by intermediate positions, for several days or even weeks.
It can be utilized in many ways, such as to determine an entry point or trailing stop.
As the name suggests, this pivot is based on the last three days.
I learned this concept of the book "The logical Trader" by Mark Fisher.
Kudos go to him!
My version of the Three-Day Rolling Pivot uses actual data!
And all similar scripts I have found so far calculate future data and don't take into account the original data.
I hope this script will help some people to do some better decisions.
And I am pleased to get some advice to make this script even better!
Future data vs original data
Pine Script v5 Reference Manual:
Merge strategy for the requested data position... This merge strategy can lead to undesirable effect of getting data from "future" on calculation on history. This is unacceptable in backtesting strategies, but can be useful in indicators.
e2e4 on Stack Overflow said:
Pine v1-v2's security() function is using the lookahead parameter by default, which could be modified in v3-v5...
stackoverflow.com
I haven't found a script which put this into account jet.
I leave this option available for people that wanna more speculated data. But it's disabled by default.
Long/Short Example
You can enter Long when the market cross over the upper line (default color is green) and you should put your trailing stop 1-5 ticks below the lower line (default color is red).
The opposite when Shorting, then the market has to cross down the lower line and your trailing stop should be 1-5 ticks above the upper line.
How does this script work:
First it fetches the highest high of ...
yesterday,
the day before yesterday,
and the day before that.
After that the script looks for the highest high of all three.
Next it does the same for previous lowest low.
Last but not least, it fetches the closing price of the last day.
After that it adds all three prices together and divide them by three.
This result in a three day pivot price.
Then it adds the highest high and lowest low of the three last days and divide it by two.
This gives us the second number we need to calculate the differential.
The differential is the gap between the three day pivot price and the second number.
Sometimes the second number is bigger than the three day pivot price so I took that into account too. Other wise the colors plotted would be on the wrong site.
Finally, the script is rounding the numbers to the nearest minimum tick of that security.
