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Supply and Demand - Order Block StrategyCore Concepts: Fractals: The strategy uses Bill Williams fractals to identify potential turning points in the market. A fractal high is formed when a high is higher than the n bars on either side, and a fractal low is formed when a low is lower than the n bars on either side. The parameter n is an input, and allows you to configure the lookback for the fractal identification. Order Blocks (Supply and Demand Zones): The strategy defines order blocks (supply and demand zones) as the last red (bearish) candle before an upward break (demand zone) and the last green (bullish) candle before a downward break (supply zone). Breakouts: The strategy triggers long entries when the price breaks above a demand zone and short entries when the price breaks below a supply zone. Box Tracking: The strategy visually represents these order blocks using boxes. Breakout Logic: topBreakCheckSource and bottomBreakCheckSource are used to define the break-out check based on user input. If the price crosses over the topValue (the high of the last fractal) and topBreakBlock is not set, then a long entry is generated after creating a demandBox, based on the last red candle's low and high. If the price crosses under the bottomValue and bottomBreakBlock is not set, then a short entry is generated after creating a supplyBox, based on the last green candle's low and high. If a long or short is active, and a breakout of the price happens, the script will draw a new line object to indicate the breakout, where x2 of the line is set to the current bar index Fractal Detection: If a new up fractal is detected, the topValue and topLine variables are updated, and the old line object is deleted If a new down fractal is detected, the bottomValue and bottomLine variables are updated, and the old line object is deleted Box Color Update: The script loops through all the active boxes and changes their color if the current candle close price is outside the range of the box. Plots: Plots the up and down fractals for visualization. Checklist Table: A table displays the status of different conditions of the script on the bottom right. Shows status of Up Fractal, Down Fractal, Top Break, Bottom Break, Last Red Candle, Last Green Candle, Box Color Change Active using check and cross mark symbols. How the Strategy Works: Fractal Identification: The strategy continuously looks for fractal highs and lows. Order Block Identification: When a new fractal is formed, the script stores the high and low of the last opposing candle. Breakout Confirmation: When price breaks the range of a fractal, it indicates an order block breakout. Trade Execution: When there is a valid breakout, it triggers a long or short trade, depending on whether a demand or supply zone is broken. Box Visualization: The script visually represents the order blocks using boxes that are colored green for demand zones and red for supply zones. These boxes can be optionally re-colored if the price breaks beyond them. Checklist Display: A checklist table at the bottom right of the chart helps the user to quickly understand the script status.
Strategi Pine Script™
oleh ronald_anthony995
Supply and Demand - Order Block StrategyCore Concepts: Fractals: The strategy uses Bill Williams fractals to identify potential turning points in the market. A fractal high is formed when a high is higher than the n bars on either side, and a fractal low is formed when a low is lower than the n bars on either side. The parameter n is an input, and allows you to configure the lookback for the fractal identification. Order Blocks (Supply and Demand Zones): The strategy defines order blocks (supply and demand zones) as the last red (bearish) candle before an upward break (demand zone) and the last green (bullish) candle before a downward break (supply zone). Breakouts: The strategy triggers long entries when the price breaks above a demand zone and short entries when the price breaks below a supply zone. Box Tracking: The strategy visually represents these order blocks using boxes. Breakout Logic: topBreakCheckSource and bottomBreakCheckSource are used to define the break-out check based on user input. If the price crosses over the topValue (the high of the last fractal) and topBreakBlock is not set, then a long entry is generated after creating a demandBox, based on the last red candle's low and high. If the price crosses under the bottomValue and bottomBreakBlock is not set, then a short entry is generated after creating a supplyBox, based on the last green candle's low and high. If a long or short is active, and a breakout of the price happens, the script will draw a new line object to indicate the breakout, where x2 of the line is set to the current bar index Fractal Detection: If a new up fractal is detected, the topValue and topLine variables are updated, and the old line object is deleted If a new down fractal is detected, the bottomValue and bottomLine variables are updated, and the old line object is deleted Box Color Update: The script loops through all the active boxes and changes their color if the current candle close price is outside the range of the box. Plots: Plots the up and down fractals for visualization. Checklist Table: A table displays the status of different conditions of the script on the bottom right. Shows status of Up Fractal, Down Fractal, Top Break, Bottom Break, Last Red Candle, Last Green Candle, Box Color Change Active using check and cross mark symbols. How the Strategy Works: Fractal Identification: The strategy continuously looks for fractal highs and lows. Order Block Identification: When a new fractal is formed, the script stores the high and low of the last opposing candle. Breakout Confirmation: When price breaks the range of a fractal, it indicates an order block breakout. Trade Execution: When there is a valid breakout, it triggers a long or short trade, depending on whether a demand or supply zone is broken. Box Visualization: The script visually represents the order blocks using boxes that are colored green for demand zones and red for supply zones. These boxes can be optionally re-colored if the price breaks beyond them. Checklist Display: A checklist table at the bottom right of the chart helps the user to quickly understand the script status.
Strategi Pine Script™
oleh ronald_anthony995
EMA Breakout Bot BY ALGERNON STONEKey Features: Multiple Entries: The strategy allows for multiple entries in the same direction as long as the entry conditions are met on subsequent crosses. Trend Following: The use of EMAs makes it a trend-following strategy, aiming to capture directional moves. Visual Clarity: The plot of the EMAs and the fill between them give a clear visual of the trend direction. Stop-Loss Visualization: The optional pivot point markers are useful for understanding where stop-losses might be placed and to visualize how it would work with pivot lows and highs. Adjustable Parameters: The fast_ema, slow_ema, and Bars inputs allow the user to customize the strategy for different timeframes and market conditions. How it Trades: The strategy calculates the fast and slow EMAs. It waits for the price to cross the fast EMA. If the crossover happens in a bullish alignment (fast EMA above slow EMA), a long position is opened. If the crossover happens in a bearish alignment (fast EMA below slow EMA), a short position is opened. Positions are closed when the price crosses back against their respective EMA. Things to Note: No Stop-Loss or Take-Profit: The current code only has exit conditions based on the price crossing the opposite EMA, but no explicit stop-loss or take-profit is implemented. This strategy is vulnerable if a position is entered, and the price makes a sudden move against it. Parameter Optimization: The effectiveness of the strategy will depend heavily on the selected EMA periods. Users will need to find optimal parameter settings for the market they are trading. Overfitting: Be careful to not over-optimize parameters on historical data as it can lead to poor performance in live trading. Market Conditions: This strategy will likely work better in trending markets than in choppy or ranging markets. Risk Management: Consider implementing proper risk management, such as stop-losses and position sizing, before using this strategy in live trading. bbmulti is not used: The input bbmulti is present but is unused, and can be removed or used for other future additions.
Strategi Pine Script™
oleh ronald_anthony995
Sessions by JekkaaForex Sessions by Jekkaa This custom TradingView indicator is designed to visually highlight the active Forex trading sessions on your chart. It allows you to select your preferred time zone and displays each major trading session (Tokyo, London, New York, and Frankfurt) with customizable colors and boxes for clear session identification. Key Features: Timezone Selection: Choose from multiple time zones, including UTC, New York, London, and Tokyo. Forex Sessions: The indicator covers the following Forex trading sessions: Tokyo Session: From 23:00 to 07:00 UTC London Session: From 08:00 to 13:00 UTC New York Session: From 13:00 to 21:00 UTC Frankfurt Session: From 07:00 to 08:00 UTC Customizable Colors: Adjust the color and transparency for each session, making it easier to distinguish between the active sessions on the chart. Background Highlighting: The background color of the chart is highlighted during the active session to give you a visual cue of the current market session. Session Boxes: A box is drawn around each session, extending rightward, to visually represent the active session. This helps to track session overlaps and better understand market dynamics. Customization Options: Color Customization: Change the color and transparency of the session highlights to suit your preference. Time Zone Adjustment: Select your preferred time zone (UTC, New York, London, or Tokyo) for the indicator to adjust session timings accordingly. This indicator is ideal for Forex traders looking to track the active trading sessions and make more informed decisions based on market hours and session overlaps.
Indikator Pine Script™
oleh Evgeniy_shoryk
Breakout and TSL Indicator with Stable Horizontal LineIndicator Name: Breakout and TSL Indicator with Stable Horizontal Line Description: This indicator is designed to help traders identify breakout and breakdown levels, manage trailing stop losses (TSL), and capture actionable buy and sell signals. With its dynamic calculations and customizable settings, this tool is suited for intraday and positional traders seeking precision in their trading strategies. Key Features: Breakout and Breakdown Lines: The Breakout Line (Red Line) is calculated using the previous candle's high and a customizable multiplier (smoothen_x), providing dynamic breakout levels. The Breakdown Line (Cyan Line) is calculated using the previous candle's low and the same customizable multiplier, identifying potential breakdown zones. Trailing Stop Loss (TSL) Lines: Long TSL Line (Blue Line): Tracks the lowest low of the last sl_period candles for long positions. Short TSL Line (Green Line): Tracks the highest high of the last sl_period candles for short positions. Opening Breakout and Breakdown Levels: Captures the first 5-minute candle's high and low values after market open (9:15 AM) and calculates dynamic levels based on the square root of these values. These levels remain visible until the market close at 3:25 PM for actionable decision-making. Signal Detection: Buy Signal: Triggered when the price closes above the opening breakout level, with a visual "Buy" label plotted on the chart. Sell Signal: Triggered when the price closes below the opening breakdown level, with a visual "Sell" label plotted on the chart. Customizable Inputs: Smoothen Multiplier (smoothen_x): Adjust the sensitivity of breakout and breakdown calculations. SL Period (sl_period): Define the lookback period for TSL lines. High/Low Line Colors: Customize the colors of the opening breakout and breakdown levels. Buy/Sell Label Appearance: Ensure visual clarity with distinct labels for actionable signals. Time-Specific Execution: Levels and signals are plotted only during market hours (9:15 AM to 3:25 PM). Signals reset daily at 3:15 PM to ensure clean, actionable data for the next session. How to Use: Customize Inputs: Adjust the smoothen_x multiplier and sl_period based on your trading strategy. Select your preferred colors for lines and labels. Monitor Breakout and Breakdown Levels: Use the Breakout Line and Breakdown Line to identify critical levels for market moves. Watch the opening breakout and breakdown levels for additional signals early in the session. Follow Buy and Sell Signals: Look for "Buy" or "Sell" labels on the chart when price crosses the calculated levels. Use the TSL lines to manage risk for long or short positions effectively. Disclaimer: This indicator is a technical analysis tool for educational purposes only. It does not guarantee profitability or provide financial advice. Always backtest strategies and consult with a financial advisor before making trading decisions. Credits and Vendor Compliance: This script adheres to TradingView’s House Rules and Vendor Requirements. The logic and calculations in this script are fully original and based on mathematical formulas commonly used in technical analysis. No restricted financial advice or misleading claims are made in the description or functionality. This indicator does not include any paid promotions, third-party links, or subscription services.
Indikator Pine Script™
oleh kgmuthukishor
Gelişmiş Likidite HaritasıFinansal piyasalarda, fiyat hareketlerinin ve likiditenin dinamiklerini anlamak, doğru işlem kararları almak için oldukça önemlidir. Bu makalede, likidite bölgelerini, hacim eşiklerini ve yüksek hacimli mumları belirleyerek piyasa hareketlerini daha iyi analiz etmenizi sağlayacak Gelişmiş Likidite Haritası İndikatörünü tanıtıyoruz. --- İndikatörün Özellikleri 1. Likidite Analizi: Kısa, Orta ve Uzun Dönem Periyotlarına göre likidite değişimlerini hesaplar. Fiyat hareketi eşiği (% olarak belirlenir) ve hacim eşikleri dikkate alınarak, piyasanın likidite seviyelerini belirler. Belirlenen seviyeleri grafik üzerinde mavi (kısa dönem), sarı (orta dönem) ve kırmızı (uzun dönem) çizgilerle işaretler. 2. Hacim Analizi: Hareketli ortalama (SMA) baz alınarak, yüksek hacimli mumları farklı renklerde gösterir: Beyaz: En yüksek hacimli mum. Sarı: Orta yüksek hacimli mum. Mavi: Düşük yüksek hacimli mum. Hacim değişimlerini görselleştirmek için bar renklerini otomatik olarak renklendirir. 3. Dinamik Görselleştirme: Grafik üzerinde yüksek hacimli mumları üçgen ikonlarla işaretler. Kullanıcı tanımlı parametrelerle özelleştirilebilir. --- Parametreler ve Kullanım Likidite Eşiği (%): Belirli bir yüzde üzerinde fiyat değişimlerini tespit etmek için kullanılır. Hacim Eşiği: Likidite hesaplamalarında dikkate alınacak minimum hacim değeri. Hacim SMA Periyodu: Ortalama hacim hesaplaması için kullanılan periyot. Yüksek Hacim Eşik Değerleri: Hacim analizinde kullanılan katmanlar. --- Kod Açıklaması İndikatör, TradingView’in Pine Script 6.0 sürümünde yazılmıştır. İşlevsellik açısından hem fiyat hareketlerini hem de hacim seviyelerini analiz eder. Fiyat Hareketi Hesaplaması: Kısa, orta ve uzun vadeli fiyat hareketlerini hesaplar ve likidite eşiğini aşan fiyat değişimlerini işaretler. Hacim Renklendirme: Ortalama hacmin katlarına göre barlar otomatik olarak renklendirilir. Bu, yatırımcıların piyasa hareketlerini hızlı bir şekilde görselleştirmesini sağlar. --- Kodun Avantajları 1. Kapsamlı Analiz: Hem likidite hem de hacmi bir araya getirerek daha kapsamlı bir analiz sağlar. 2. Kolay Kullanım: Kullanıcı dostu parametreler ile her düzeyde yatırımcı için uygundur. 3. Görsel Zenginlik: Grafik üzerinde belirgin renklendirmeler ve işaretlemeler sunar. --- Sonuç Bu indikatör, piyasadaki likidite tuzaklarını tespit etmek, hacim hareketlerini analiz etmek ve yatırım kararlarını desteklemek için güçlü bir araçtır. Hem kısa vadeli hem de uzun vadeli yatırımcılar için uygun olan bu araç, piyasa dinamiklerini anlamanızı kolaylaştırır.
Indikator Pine Script™
oleh doganayy2
Babil34 Trading SystemBabil34 Trading System, özel olarak hesaplanan kritik destek ve direnç seviyelerine dayalı bir trade sistemidir. Sistem, bu seviyelerle yatırımcıların piyasadaki en önemli noktaları belirlemelerine ve daha bilinçli kararlar almalarına yardımcı olur. Özel algoritması sayesinde bu seviyeler, piyasadaki trend değişimlerini ve olası dönüş noktalarını doğru bir şekilde tespit etmek için optimize edilmiştir. Özellikler: - Özel Hesaplanan Seviyeler: Fiyat hareketlerine dayalı olarak otomatik oluşturulan bu seviyeler, destek ve direnç noktalarını belirlemede yüksek doğruluk sunar. Bu sayede piyasa hareketlerinin yönünü anlamak kolaylaşır. - Kullanıcı Dostu Tablolar: Özel seviyeleri ve piyasa durumunu kolayca görselleştirmenizi sağlar. Ek olarak, EMA (Üstel Hareketli Ortalama) göstergesi sayesinde fiyat trendlerini takip etmek daha da kolay hale gelir. EMA, farklı zaman dilimlerine göre özelleştirilebilir ve işlem stratejilerinize uyacak şekilde optimize edilebilir. Nasıl Kullanılır: 1. Seviye Tipini Belirleyin: Özel hesaplanan seviyelerin düşüş, yükseliş ya da otomatik hesaplama modlarını seçin. 2. EMA Zaman Dilimini Seçin: Fiyat trendlerini analiz etmek için uygun bir EMA zaman dilimi ve uzunluğu belirleyin. Bu komut dosyası **yalnızca davet ile kullanılabilir** ve kapalı kod olarak sunulmaktadır.
Indikator Pine Script™
oleh babil34
Customizable EMA 10/20/50/100/200Here is the updated version of the customizable EMAs. You can adjust the EMAs time frame to whatever you want (1D, 1Min etc.) and it will be plotted on your chart at the timeframe you are on. It is all public source code so feel free to make adjustments or let me know if there is anything you would like me change or add. I personally use it while scalping as I have found Daily EMAs tend to be strong levels of support and resistance.
Indikator Pine Script™
oleh x-M-M-x
ENIGMA ENDGAME with Dynamic Trend-Based FibonacciOverview: The *ENIGMA ENDGAME with Dynamic Trend-Based Fibonacci* indicator is designed for traders seeking precision in identifying high-probability trade opportunities based on dynamic Fibonacci retracement levels. By combining trend analysis, Fibonacci filtering, and session-based logic, this indicator provides actionable buy and sell signals with a strong foundation in technical analysis. Features: 1. **Dynamic Trend-Based Fibonacci Levels:** - Automatically calculates Fibonacci retracement levels based on the current market trend (uptrend or downtrend). - Levels dynamically adjust to the latest swing high/low, providing an evolving view of key price areas. 2. **Customizable Fibonacci Levels:** - Configure up to four Fibonacci levels (e.g., 50%, 61.8%, 72%, 99%) to tailor the indicator to your trading strategy. - Default levels are pre-set but can be adjusted for unique market approaches. 3. **Kill Zones for Session Filtering:** - Filters trades based on predefined trading sessions (London and US). - Easily configurable to match your trading hours or preferences. 4. **Buy and Sell Signals:** - **Buy Signals**: Triggered during uptrends when the price pulls back to Fibonacci support levels. - **Sell Signals**: Triggered during downtrends when the price retraces to Fibonacci resistance levels. - Signal shapes (green triangles for buys, red triangles for sells) make them visually clear on the chart. 5. **Customizable Historical Signals:** - Control how many past signals are displayed to maintain a clean chart while tracking historical performance. 6. **Alerts for Trade Opportunities:** - Alerts for buy and sell signals allow traders to stay informed even when away from the screen. How to Use: 1. **Trend-Based Fibonacci Analysis:** - Enable the indicator on any instrument and timeframe. - Monitor the Fibonacci levels dynamically calculated based on the most recent market trend (uptrend/downtrend). 2. **Kill Zones for Sessions:** - Adjust the London and US session times under the **Inputs** tab to match your trading style. - Signals outside these sessions are filtered, reducing noise during low-liquidity periods. 3. **Fibonacci Level Configuration:** - Modify the Fibonacci retracement levels (e.g., 50%, 61.8%, etc.) under **Inputs** to fit your specific strategy. - Ensure levels align with your desired retracement/resistance zones for trades. 4. **Buy/Sell Signal Confirmation:** - Look for buy signals (green triangles) during uptrends when the price retraces to dynamic Fibonacci support levels. - Look for sell signals (red triangles) during downtrends when the price retraces to dynamic Fibonacci resistance levels. 5. Alerts: - Configure alerts under **TradingView Alerts** to be notified of buy or sell opportunities in real time. Inputs and Default Settings: - **Kill Zones:** - London Start Hour: 1 UTC - London End Hour: 23 UTC - US Start Hour: 8 UTC - US End Hour: 23 UTC - **Swing Lookback Period:** 6 - **Fibonacci Levels:** - Level 1: 50% (default) - Level 2: 61.8% (default) - Level 3: 72% (default) - Level 4: 99% (default) - **Maximum Historical Signals:** 30 - **Lookback Periods for Confirmation:** - Minimum: 3 - Maximum: 18 Best Practices: - Use this indicator in combination with price action or other tools to confirm trade setups. - Ensure your Fibonacci levels align with known key levels on higher timeframes for increased accuracy. - Monitor session activity using the kill zones to avoid trades during low-volume periods.
Indikator Pine Script™
oleh Niko-picasso369
4
NZX's EMAExponential Moving Averages (EMAs) are widely used tools in technical analysis for identifying trends and potential trading opportunities. EMAs place more weight on recent price data, making them more responsive to price changes compared to simple moving averages (SMAs). Here's a breakdown of different EMA periods and their uses: ### **EMA Descriptions** 1. **EMA 12 (Short-Term)** - **Purpose**: Captures short-term price trends. - **Use**: Useful for day traders and scalpers looking for quick entry/exit signals. - **Behavior**: Reacts quickly to price changes, making it ideal for volatile markets. 2. **EMA 21 (Short to Mid-Term)** - **Purpose**: Provides a slightly broader view of short-term trends. - **Use**: Often combined with EMA 12 for crossover strategies. A 12/21 crossover can indicate a potential shift in trend. - **Behavior**: Less noise than EMA 12 but still responsive. 3. **EMA 50 (Mid-Term)** - **Purpose**: Identifies medium-term trends and serves as a key support or resistance level. - **Use**: Often used to confirm trend direction in swing trading. - **Behavior**: Balances responsiveness with stability, filtering out short-term fluctuations. 4. **EMA 100 (Intermediate)** - **Purpose**: Highlights longer-term trends compared to EMA 50. - **Use**: Used by traders to determine stronger levels of support/resistance and trend stability. - **Behavior**: Smooths out short-term movements, focusing on more stable trends. 5. **EMA 200 (Long-Term)** - **Purpose**: A critical indicator for long-term trend analysis. - **Use**: Commonly used by investors and swing traders to identify overall market direction. Price above EMA 200 suggests an uptrend; below it indicates a downtrend. - **Behavior**: Very stable and reacts slowly, offering a clear view of macro trends. --- ### **Uses and Applications of EMAs** 1. **Trend Identification** - EMAs help traders identify whether a market is in an uptrend, downtrend, or moving sideways. 2. **Crossover Strategies** - Common signals include short-term EMA crossing above or below longer-term EMAs, indicating bullish or bearish momentum. - **Golden Cross**: Short EMA (e.g., 50) crosses above a long EMA (e.g., 200) — bullish signal. - **Death Cross**: Short EMA crosses below a long EMA — bearish signal. 3. **Dynamic Support and Resistance** - EMAs act as dynamic levels where price often bounces during trends. 4. **Momentum Strength** - The slope of an EMA indicates the strength of a trend. A steeper EMA suggests stronger momentum. 5. **Mean Reversion** - During trends, prices often revert to EMAs before continuing the trend, offering pullback entry points. 6. **Filter for Noise** - By adjusting the EMA period, traders can filter out noise and focus on significant price movements. ### **Combination Strategy Example** - Use EMA 12 and 21 for short-term signals. - Monitor EMA 50 and 100 for trend confirmation. - EMA 200 can act as a long-term directional guide. By combining multiple EMAs, traders gain a multi-perspective view of the market, allowing them to adapt strategies to different timeframes and market conditions.
Indikator Pine Script™
oleh nyeinzaw7
Continuous Multi-Factor Trend Oscillator with Rolling Liquidity // **Overview** This script generates a *Continuous Multi-Factor Trend Oscillator* that integrates multiple market dynamics, including **long-term trends**, **short-term trends**, **volume adjustments**, **volatility factors**, **ADX trend strength**, and **rolling liquidity**. The result is a smooth, dynamic oscillator that reflects comprehensive market conditions. ### **Key Features** 1. **Long-Term Trend Score (LT Score)**: Measures the deviation of price from its EMA, normalized by standard deviation. Captures broad trend direction. 2. **Short-Term Trend Score (ST Score)**: Evaluates the slope of a short-period EMA, normalized by ATR, to reflect shorter-term momentum. 3. **Volume Adjustment**: Adjusts trend scores based on the relative volume compared to its moving average. 4. **Volatility Adjustment**: Incorporates ATR into the scoring system, penalizing or boosting scores based on current volatility compared to historical norms. 5. **ADX Trend Strength**: Uses ADX to identify trend strength, scaling scores positively or negatively depending on whether the market is trending or ranging. 6. **Rolling Liquidity**: Analyzes persistent buying or selling pressure by aggregating net buy/sell liquidity over a rolling lookback period. ### **Calculation Workflow** - **Inputs**: Configurable parameters like long/short periods, ATR period, ADX smoothing, and volume lookback. - **Trend Scores**: LT and ST scores are computed separately to capture trend dynamics across different timeframes. - **Adjustments**: Volume, volatility, ADX, and rolling liquidity adjustments are calculated and scaled appropriately. - **Final Oscillator**: Combines all scores into a single value and applies smoothing for clarity. ### **How It Works** 1. *Long-Term and Short-Term Trends*: Trend scores are calculated based on EMAs and normalized using standard deviation or ATR. 2. *Volume and Liquidity Factors*: Incorporates net up/down volume and liquidity to reflect market participation levels. 3. *ADX Strength*: Distinguishes trending vs. ranging markets, influencing the oscillator direction accordingly. 4. *Final Output*: All factors are combined into a single oscillator, smoothed using an EMA. ### **Visualization** - The oscillator is plotted as a continuous line with dynamic scaling: - **Above 75**: *Very Bullish* - **Below -75**: *Very Bearish* - **Threshold Levels (50/-50, 10/-10)**: Provide additional interpretative guidance. - **Labels**: Displays sentiment at the last bar for quick reference (e.g., *Strongly Bullish*, *Neutral*). ### **Use Cases** - Ideal for identifying market conditions (bullish, bearish, neutral) based on multiple factors. - Can serve as a confirmation tool alongside price action or other indicators. ### **Customizable Parameters** - All periods (e.g., long-term, short-term, ATR, ADX) and lookbacks are adjustable, allowing fine-tuning based on market behavior and trading preferences. How to use:
Indikator Pine Script™
oleh Cmo22
IchimokuMultiTFThis is an extension of the indicator by HPotter. When price is above cloud, and Tenkan is above Kijun it's a pretty high probably setup when looking for a bullish entry. The cloud will act as support. The opposite is true for bullish. The thicker the cloud the healthier the trend and better support. When price is in the cloud stay out. Try not to enter trades away from support lines to keep risk low. Playing a higher tf combined while on a lower tf chart is most ideal. Such as a 4hr indicator timeframe setting in a 30 min chart or 1hr setting while trading a 5 minute chart. The lines within in the cloud will fill at the time of calculation. Green is bullish, red bearish and white is chop. Happy trading! Note this is not a stand alone indicator and should be used in conjunction with a solid trading strategy.
Indikator Pine Script™
oleh dcardinale