SMA & Stoch RSI Buy Strategy with K > 80 ExitBuy signal using SMA and stoch rsi.
Entry occurs when SMA 21 is above the 55.
Opening trade when stochastic crosses below 20.
Analisis Tren
Keltner Channel Width PercentileThe Keltner Channel Width Percentile (KCWP) is a volatility-focused indicator designed to measure the relative expansion and contraction of the Keltner Channel bands over time. By calculating the width of the Keltner Channels (difference between the upper and lower bands) and normalizing it as a percentage of the channel's basis, the KCWP provides a dynamic view of market conditions.
This indicator tracks how wide or narrow the Keltner Channel bands are relative to historical observations using a percentile-based approach. When the KCWP value is high (near 100%), it signals that the current channel width is at or near its historical maximum, often indicating heightened volatility or a potential reversal. Conversely, when the KCWP is low (near 0%), it suggests that the channel width is contracting, often preceding periods of reduced volatility or consolidation.
Key Features:
Percentile-Based Volatility Ranking: The KCWP assigns a percentile rank to the current Keltner Channel width, providing a clear, visual representation of where current volatility stands relative to the past.
Customizable Keltner Channels:
Length: Defines the period for the channel’s basis (middle line).
ATR Length: Adjusts the Average True Range (ATR) period used for band calculations.
Bands Style: Choose between Average True Range, True Range, or Range for calculating channel widths.
Dynamic Smoothing Options: Includes multiple moving average types (SMA, EMA, WMA, HMA, RMA, VWMA) and smoothing lengths for refining the raw percentile values, reducing noise while retaining responsiveness.
Visual Indicators:
Gradient coloring for the raw percentile line, transitioning from blue (low values) to green (mid-range) to red (high values), helps quickly assess market conditions.
A smoothed line for clarity and actionable signals.
Signal Zones:
80% High Line: Marks historically wide bands, signaling elevated volatility and potential exhaustion or trend continuation.
20% Low Line: Marks historically narrow bands, signaling calm conditions or consolidation, often before a breakout.
How to Use It:
Trend Continuation or Reversals: High KCWP values (above 80%) may indicate overextended volatility, hinting at possible trend exhaustion or continuation. This is often paired with price action for confirmation.
Breakout Readiness: Low KCWP values (below 20%) suggest tightening price ranges and reduced volatility, signaling potential breakout opportunities.
Complement to Keltner Channels: Use the KCWP alongside traditional Keltner Channels for a complete view of volatility and price behavior.
Customization for Your Trading Style:
The KCWP provides several user-adjustable inputs, including:
Percentile Lookback: Adjust how much historical data is used for ranking.
Smoothing Options: Customize the moving average type and length for the percentile line.
Channel and Band Calculations: Fine-tune the channel’s length, ATR length, and multiplier to match your preferred volatility sensitivity.
The Keltner Channel Width Percentile is a versatile and intuitive tool that helps traders monitor volatility dynamics, anticipate market transitions, and refine entry and exit strategies. Whether you're trading breakouts, trends, or consolidations, the KCWP provides actionable insights into the heartbeat of the market.
DCA Historical References 1.0📈 DCA Historical References 1.0: Supply-Demand/Negative-Positive Zones & Trend Visualization 📊
🔍 Overview:
"DCA Historical References 1.0" is a powerful trading/investing indicator tailored for traders seeking precision in identifying critical market zones, tracking momentum shifts, and projecting future pivot points. By dynamically analyzing supply-demand imbalances, detecting key pivot points, and leveraging historical data, this tool provides actionable insights for navigating market trends across any timeframe.
Whether you’re scalping, swing trading, or investing, this indicator can be usefull to your trading/investing style, highlighting high-probability areas for entries and exits.
✨ Key Features:
1️⃣ Dynamic Zone Analysis:
Extreme Positive Zones: Identify regions where price moves have historically reached their upper limits, indicating potential trend exhaustion or reversal opportunities.
Extreme Negative Zones: Highlight areas where price movements have historically reached their lower extremes, marking potential accumulation points or trend shifts.
These zones are dynamically calculated based on historical price behavior and advanced statistical techniques.
They evolve with live market conditions, offering real-time insights into potential turning points while maintaining consistency across multiple timeframes.
2️⃣ Advanced Pivot Analysis with Projections:
Tracks Higher Highs (HH), Lower Lows (LL), Lower Highs (LH), and Higher Lows (HL) to map market trends and reversals.
Uses historical probabilities to assess the significance of pivots and predict future price behavior.
Next Pivot Projections: Anticipates future pivot levels based on historical averages for:
Price Ratios: Calculated from prior pivot movements.
Bar Counts: Estimations of the timeframe for the next pivot.
This system provides a clear framework for understanding trend direction, potential reversals, and high-probability opportunities.
3️⃣ Daily High/Low Reference Lines:
Automatically plots daily high and low lines, extended forward for actionable insights.
Includes labeled markers (D/H and D/L) for quick reference to key intraday price levels.
These lines align trades with important supply-demand zones, enabling more precise decision-making.
4️⃣ Momentum Visualization with Dynamic Candle Coloring:
Green Candles: Indicate strong upward momentum driven by demand.
Red Candles: Reflect downward momentum fueled by supply dominance.
Yellow Candles: Highlight potential trend reversals as momentum stabilizes.
Aqua Candles: Mark weakening trends or consolidation phases.
This intuitive feedback simplifies market conditions, helping traders act with confidence.
5️⃣ Timeframe-Specific Scaling:
Automatically adjusts calculations to match the selected timeframe:
Daily Charts: Capture intraday dynamics for precision trading/investing.
Weekly Charts: Highlight medium-term trends for swing strategies.
Monthly Charts: Focus on long-term market behavior for investors.
This feature ensures relevant and accurate analysis for any trading/investing style.
6️⃣ Persistent Historical Context for Deeper Insights:
Retains lines and labels for extreme zones and pivots (S/P, E/P, S/N, E/N), preserving historical context for strategic planning.
Tracks historical averages for pivot points, including price ratios and bar counts, aiding in next pivot projections.
🌟 Why It’s Unique:
"DCA Historical References 1.0" introduces a new dimension of market analysis:
Dynamic Zone Analysis: Highlights critical supply-demand/support-resistance/negative-positive zone imbalances in real-time.
Actionable Pivot Insights: Tracks and visualizes key market turning points with statistical reliability, while projecting potential future pivot zones.
Versatility: Adapts seamlessly across all timeframes, making it suitable for any trading/investing strategy.
🛠️ How to Use:
Spot Imbalances: Use extreme positive and negative zones to pinpoint areas of interest.
Confirm Trends and Reversals: Leverage pivot detection and projections to align trades with market movements.
Visualize Momentum: Rely on dynamic candle colors for instant sentiment analysis.
Plan Entries and Exits: Utilize daily high/low levels and historical context for precise trade execution.
💡 Why Traders Choose This Tool:
Clear and Intuitive Visuals: Simplifies complex market dynamics with actionable insights.
Reliable Analysis: Combines real-time adjustments with historical context to provide a robust analysis framework.
Timeframe Adaptability: Works seamlessly across all chart intervals, adapting to short-term volatility and long-term trends alike.
"DCA Historical References 1.0" delivers unparalleled clarity and precision by combining supply-demand/support-resistance/negative-positive zone analysis, pivot tracking with projections, and momentum visualization into one comprehensive tool. Whether you’re a beginner or a seasoned professional, this indicator empowers you to make informed and confident trading/investing decisions.
BTCUSDT 4h Chart - Supertrend [CYRANO]This strategy uses the Supertrend indicator to generate buy and sell signals based on trend direction. It is specifically designed for the BTC/USDT pair on a 4-hour chart. Here's a detailed breakdown of its components and functionality:
Key Features:
Supertrend Indicator:
Uses the Average True Range (ATR) to calculate dynamic support and resistance levels.
Generates an uptrend (green) or downtrend (red) signal based on price action:
Uptrend (green): When the price is above the Supertrend level.
Downtrend (red): When the price is below the Supertrend level.
Date Range Filter:
Allows users to specify a backtesting period using Start Date and End Date.
All trades are executed only within this date range.
If the current date is outside the range, the strategy closes all open positions.
Trade Logic:
Buy Signal: Enter a long position when the trend changes to green (uptrend).
Sell Signal: Exit the long position when the trend changes to red (downtrend).
Visualizations:
Plots the Supertrend line for both uptrend and downtrend scenarios.
Fills the area between the Supertrend line and the midpoint of the candle body for visual clarity:
Green Fill: Indicates an uptrend.
Red Fill: Indicates a downtrend.
Alerts:
Alerts are set up for:
Uptrend (green).
Downtrend (red).
Trend changes (switch between uptrend and downtrend).
Strategy Settings:
Uses 100% of equity for each trade.
Configures a commission of 0.1% and slippage of 3.
Indicator Inputs:
ATR Length:
Default: 10.
Determines the number of bars used to calculate the Average True Range.
Factor:
Default: 3.0.
Multiplier used to calculate the Supertrend levels above and below the price.
Start and End Date:
Default: 1st January 2018 to 31st December 2069.
Controls the date range for backtesting.
Execution Logic:
Entry Conditions: A long position is entered when the trend is green (uptrend).
Exit Conditions: The long position is closed when the trend turns red (downtrend).
Strengths:
Simplicity: The strategy is straightforward and easy to understand, relying solely on trend direction from the Supertrend indicator.
Visual Clarity: The plots and filled areas make it easy to interpret market trends at a glance.
Customizable: Inputs allow users to adjust the ATR length and factor to fit their trading style and market conditions.
Limitations:
No Short Trades: The strategy only supports long trades and does not enter short positions.
Whipsaw Risk: In ranging markets, frequent trend changes may lead to false signals and losses.
No Risk Management: Does not include stop-loss or take-profit levels, relying entirely on trend changes for exits.
Use Case:
This strategy is ideal for trend-following traders who want a clean and visual approach to identifying market trends. Its focus on simplicity and robust indicator logic makes it suitable for volatile instruments like BTC/USDT on higher timeframes. However, traders may need to incorporate additional risk management techniques or complementary indicators for enhanced performance.
Berserker Dynamic Range CAPITALCOM:US30
"BERSERKER DYNAMIC RANGE"
This advanced script is designed to optimize intraday analysis by providing a precise and dynamic visualization of price ranges during key market sessions, such as New York and London. By integrating fundamental tools from my strategy, such as the Gaussian Moving Average (GMA) and the Structure Tracker, this script offers a structured way to identify trends, consolidations, and market expansions, enabling informed decision-making. Through a clear representation of liquidity zones and key levels, the trader can more efficiently adjust their approach to capture opportunities within the most liquid and high-volatility sessions.
Main Features:
1. Dynamic Session Range Visualization:
This script plots the price ranges for the New York (0930-1130) and London (0100-0600) sessions, with flexible options to customize session timings according to the trader's needs.
Customizable session ranges: Each session is represented with a box showing the price range between the session's high and low. The colors and transparency of these ranges are fully configurable, allowing the trader to tailor them to their strategy.
Visual dividers between sessions and days are automatically added, making it easy to clearly differentiate between the different stages of the trading day, helping in planning trades based on session transitions.
2. Gaussian Moving Average (GMA):
The long-period GMA is included to offer a smoothed view of price action. Its main function is to detect long-term trends, identifying consolidation or expansion areas in the market.
GMA application: This indicator serves as a key reference for traders seeking dynamic support and resistance points, with a strong focus on aligning prices with the underlying trend.
The GMA is fully adjustable in terms of length, allowing traders to customize the moving average to better suit the specific behavior of the asset.
3. Market Structure Tracker:
The Structure Tracker is a critical tool for understanding market dynamics. This tracker marks and follows highs and lows during sessions, making it easier to identify the market structure in real-time.
Dynamic structure: Through the tracker, the trader can see how price ranges develop within the sessions and adjust their strategy according to price evolution. Changes in structure can indicate possible reversal or continuation points, providing an advantage in anticipating key moves.
4. Advanced Technical Indicators:
The script includes a set of key technical indicators for deeper analysis: EMAs of 15, 50, and 200 periods, along with a VWMA (Volume Weighted Moving Average) of 250 periods. These indicators provide an integrated view of market trends across short, medium, and long-term timeframes.
The VWMA and EMAs work synergistically to provide more accurate entry and exit signals, enhancing the reliability of trading decisions.
5. Flexible and Customizable Settings:
The trader has full control over the visual elements of the script, including range area transparency, session contour visualization, and the inclusion of session labels.
Dividers between sessions and days provide a clear temporal framework, helping to organize trades and align trading activity with the specific fluctuations of each session.
With a variety of customization options, the trader can fully adjust the appearance of the chart to fit their visual preferences, creating a more intuitive analysis experience.
Key Benefits of the Script:
Trading Strategy Optimization: By integrating the New York and London sessions, the trader can focus on the most relevant ranges and make more informed decisions based on key session activity.
Trend and Reversal Analysis: With the use of the GMA and Structure Tracker, the trader can identify consolidation or expansion zones, support/resistance points, and the overall market structure, facilitating the recognition of potential price reversals.
Total Customization: With options to modify colors, transparency, and session range visualization, this script adapts to any trading style, offering a fully tailored experience for the user.
This script is designed for serious traders seeking to gain a competitive edge through a clear and precise market view. With advanced tools like the GMA and Structure Tracker, combined with a customizable session range system, it becomes a powerful tool for executing high-quality intraday trading strategies.
Acknowledgments: This work has been inspired and enhanced with some ideas and public code from LuxAlgo, whose contributions have been valuable in optimizing this script.
CandelaCharts - Imbalance Concepts 📝 Overview
Imbalance Concepts is an advanced toolkit rooted in ICT (Inner Circle Trader) principles, specifically designed to identify and highlight critical areas of support and resistance within financial markets. This toolkit focuses on detecting market imbalances that can indicate potential turning points or high-probability zones for price action.
The key components of the toolkit include:
Fair Value Gaps (FVG)
Inversion Fair Value Gaps (IFVG)
Balanced Price Range (BPR)
Volume Imbalances (VI)
Opening Gaps (OG)
The toolkit automatically detects these imbalances and visually marks them on charts, allowing traders to quickly identify key zones for analysis. This enables more informed decision-making, as these imbalances often signal the potential for major market shifts, reversals, or continuation patterns.
By integrating Imbalance Concepts, traders can focus on critical price areas that have a high likelihood of influencing future price action.
📦 Features
The Imbalance Concepts toolkit provides a robust set of features aimed at improving trading accuracy and decision-making. Key features include:
MTF
Mitigation
Consequent Encroachment
Threshold
Hide Overlap
Advanced Styling
⚙️ Settings
Show: Controls whether Imbalances are displayed on the chart.
Show Last: Sets the number of Imbalances you want to display.
Length: Determines the length of each Imbalance.
Mitigation: Highlights when an Imbalance has been touched, using a different color without marking it as invalid.
Timeframe: Specifies the timeframe used to detect Imbalances.
Threshold: Sets the minimum gap size required for Imbalance detection on the chart.
Show Mid-Line: Configures the midpoint line's width and style within the Imbalance. (Consequent Encroachment - CE)
Show Border: Defines the border width and line style of the Imbalance.
Hide Overlap: Removes overlapping Imbalances from view.
Extend: Extends the Imbalance length to the current candle.
Elongate: Fully extend the Imbalance length to the right side of the chart.
⚡️ Showcase
Fair Value Gaps (FVG)
Inversion Fair Value Gaps (IFVG)
Balanced Price Range (BPR)
Volume Imbalances (VI)
Opening Gaps (OG)
📒 Usage
The key components of trading imbalances include:
Step 1 – Identify Market Trend: Begin by determining the market trend for the asset, whether it is bullish or bearish.
Step 2 – Locate Premium and Discount Zones: In a bearish market, focus on identifying the premium Imbalance, while in a bullish market, look for the discount Imbalance.
Step 3 – Detect Liquidity Sweep: After identifying the trend, the next step is to spot a liquidity sweep, which often indicates a potential price reversal or continuation.
Step 4 – Detect Change In State of Delivery: Following the liquidity sweep, the next step is to recognize a CISD, which frequently serves as a confirmation of a potential price reversal.
Step 5 – Execute the Trade: In a bullish market, wait for the price to retrace and test the discount imbalance, aiming to balance the price movement before entering the trade.
NOTES:
You always short only on Premium, and long on Discount.
Fair Value Gaps (FVG)
Inversion Fair Value Gaps
Balanced Price Range
🚨 Alerts
The indicator provides the ability to set alerts for various significant market events related to its core features.
You can configure alerts for the following key events:
Fair Value Gaps Formation (+B/-B)
Inversion Fair Value Gaps Formation (+B/-B)
Balanced Price Range Formation (+B/-B)
Volume Imbalances Formation (+B/-B)
Opening Gaps Formation (+B/-B)
⚠️ Disclaimer
These tools are exclusively available on the TradingView platform.
Our charting tools are intended solely for informational and educational purposes and should not be regarded as financial, investment, or trading advice. They are not designed to predict market movements or offer specific recommendations. Users should be aware that past performance is not indicative of future results and should not rely on these tools for financial decisions. By using these charting tools, the purchaser agrees that the seller and creator hold no responsibility for any decisions made based on information provided by the tools. The purchaser assumes full responsibility and liability for any actions taken and their consequences, including potential financial losses or investment outcomes that may result from the use of these products.
By purchasing, the customer acknowledges and accepts that neither the seller nor the creator is liable for any undesired outcomes stemming from the development, sale, or use of these products. Additionally, the purchaser agrees to indemnify the seller from any liability. If invited through the Friends and Family Program, the purchaser understands that any provided discount code applies only to the initial purchase of Candela's subscription. The purchaser is responsible for canceling or requesting cancellation of their subscription if they choose not to continue at the full retail price. In the event the purchaser no longer wishes to use the products, they must unsubscribe from the membership service, if applicable.
We do not offer reimbursements, refunds, or chargebacks. Once these Terms are accepted at the time of purchase, no reimbursements, refunds, or chargebacks will be issued under any circumstances.
By continuing to use these charting tools, the user confirms their understanding and acceptance of these Terms as outlined in this disclaimer.
buy sel StrategyGöstergenin Amacı
Bu gösterge:
Alım ve satım sinyalleri üretmek için MACD ve Bollinger Bantları kombinasyonunu kullanır.
Sinyalleri grafik üzerinde göstermek için oklar (yukarı ve aşağı) çizer.
Önemli sinyal durumlarında kullanıcıyı uyarmak için uyarı mekanizması içerir.
2. Kullanılan Teknik Göstergeler
A) MACD (Moving Average Convergence Divergence)
MACD, iki üstel hareketli ortalama arasındaki farkı ölçer:
Hızlı MACD Periyodu: Kısa dönem EMA (varsayılan: 12).
Yavaş MACD Periyodu: Uzun dönem EMA (varsayılan: 26).
Sinyal MACD Periyodu: MACD hattının yumuşatılmış versiyonu (varsayılan: 9).
Koşullar:
Alım Sinyali: MACD hattı, sinyal hattını yukarı yönde keser (ta.crossover fonksiyonu).
Satım Sinyali: MACD hattı, sinyal hattını aşağı yönde keser (ta.crossunder fonksiyonu).
B) Bollinger Bantları
Bollinger Bantları, fiyatın oynaklığını (volatilite) ölçmek için kullanılır:
Orta Bant: Fiyatın hareketli ortalamasıdır (varsayılan: 20 periyotluk SMA).
Üst Bant: Orta banda, standart sapmanın belirli bir katı eklenir (varsayılan: 2.0).
Alt Bant: Orta bandan, standart sapmanın belirli bir katı çıkarılır (varsayılan: 2.0).
3. Göstergenin İşlevselliği
A) Alım Koşulu (buy_condition):
pinescript
Kopyala
Düzenle
buy_condition = ta.crossover(macd_line, signal_line) and close > bb_lower
Al sinyali, şu iki şart sağlandığında tetiklenir:
MACD hattı, sinyal hattını yukarı yönde keserse (pozitif momentum).
Fiyat, Bollinger Bantları'nın alt bandının üzerine çıkarsa (fiyatın potansiyel dipten yukarı dönüşü).
B) Satım Koşulu (sell_condition):
pinescript
Kopyala
Düzenle
sell_condition = ta.crossunder(macd_line, signal_line) and close < bb_upper
Sat sinyali, şu iki şart sağlandığında tetiklenir:
MACD hattı, sinyal hattını aşağı yönde keserse (negatif momentum).
Fiyat, Bollinger Bantları'nın üst bandının altına düşerse (fiyatın potansiyel zirveden dönüşü).
4. Grafik Üzerindeki Gösterim
A) Bollinger Bantları:
Üst Bant (kırmızı çizgi).
Alt Bant (yeşil çizgi).
Orta Bant (turuncu çizgi).
B) Alım ve Satım Sinyalleri:
Oklar:
Yeşil ok (yukarı): Alım sinyali.
Kırmızı ok (aşağı): Satım sinyali.
C) Plotlama:
plotarrow fonksiyonu, yukarı ve aşağı sinyalleri oklarla grafik üzerinde gösterir:
pinescript
Kopyala
Düzenle
plotarrow(buy_condition ? 1 : sell_condition ? -1 : na, colorup=color.green, colordown=color.red, offset=-1)
5. Uyarılar
Uyarılar, sinyallerle kullanıcıyı bilgilendirir:
Alım Sinyali Uyarısı:
Mesaj: "MACD ve fiyat, Bollinger Bandı'nın alt sınırının üzerine çıktı."
Satım Sinyali Uyarısı:
Mesaj: "MACD ve fiyat, Bollinger Bandı'nın üst sınırının altına indi."
6. Kodun Avantajları
Kombinasyon Stratejisi: MACD ve Bollinger Bantları’nın birleşimi daha doğruluklu sinyaller üretebilir.
Basit ve Görsel: Grafik üzerinde sinyaller net bir şekilde belirtilmiştir.
Uyarı Mekanizması: Otomatik olarak işlem yapmak veya uyarı almak isteyen kullanıcılar için uygundur.
7. Dezavantajlar
Lag (Gecikme): Hem MACD hem de Bollinger Bantları gecikmeli göstergelerdir, bu da sinyalin gecikmesine neden olabilir.
Trend Filtreleme Eksikliği: Yanlış sinyalleri azaltmak için trend yönünü doğrulayan ek bir filtre (ör. EMA 200) faydalı olabilir.
8. Geliştirme Önerileri
Trend Filtresi: Yanlış sinyalleri azaltmak için EMA (200) gibi bir trend filtresi eklenebilir.
Fazla Sinyallerin Azaltılması: RSI gibi bir gösterge ile daha fazla doğrulama katmanı eklenebilir.
Zaman Aralığı Testi: Bu strateji en iyi 15 dakika, 1 saat veya 1 günlük zaman aralıklarında test edilerek optimize edilebilir.
Bu kod, daha sofistike stratejiler oluşturmak için güçlü bir başlangıç noktasıdır. Doğru parametre ayarlarıyla etkili bir ticaret aracı haline gelebilir.
Fibonacci TsunamiFibonacci Moving Averages (FMAs) are a technical analysis tool used in financial markets to help identify trends and potential reversal points. They combine the concept of moving averages with Fibonacci retracement levels, which are widely used in technical analysis to predict possible support and resistance levels based on the Fibonacci sequence.
Key Concepts:
Moving Averages (MA): A moving average is a mathematical calculation that smooths out past price data to create a trend-following indicator. It helps to identify the direction of the trend and reduce market noise.
Fibonacci Sequence: This is a series of numbers where each number is the sum of the two preceding ones. In technical analysis, Fibonacci retracement levels (like 23.6%, 38.2%, 50%, 61.8%, and 100%) are often used to identify potential support and resistance levels.
How Fibonacci Moving Averages Work:
Fibonacci Moving Averages are calculated by applying Fibonacci ratios to the standard moving average calculation. The most common Fibonacci ratios used in FMAs are 34, 55, 89, 144, and 233. These numbers are significant because they are part of the Fibonacci sequence and are believed to represent key points of support and resistance in financial markets.
For example:
A 34-period Fibonacci moving average would be calculated using the last 34 data points.
A 55-period Fibonacci moving average would be calculated using the last 55 data points.
Other Fibonacci periods, such as 89 and 144, could also be used depending on the trader's preferences.
How Traders Use Fibonacci Moving Averages:
Trend Identification: Traders use FMAs to help identify the direction of the trend. When the price is above a Fibonacci moving average, it suggests that the market is in an uptrend. Conversely, when the price is below the moving average, it may indicate a downtrend.
Support and Resistance Levels: The Fibonacci moving averages themselves can act as dynamic support and resistance levels. For instance, if the price is approaching a Fibonacci moving average from below, it may encounter resistance. If the price is approaching from above, it may find support.
Crossovers: Similar to other moving averages, Fibonacci moving averages are often used in conjunction with one another. A crossover of a shorter-term FMA (e.g., 34-period) above a longer-term FMA (e.g., 233-period) can indicate a bullish signal, while the opposite crossover may signal a bearish trend.
Combining with Other Indicators: Many traders use FMAs in conjunction with other technical analysis tools, like the relative strength index (RSI) or MACD, to confirm signals and enhance decision-making.
Example:
If a trader is using the 34-period and 55-period Fibonacci moving averages, a bullish crossover would occur when the 34-period FMA crosses above the 55-period FMA. This is often considered a buy signal.
If the price is approaching the 89-period Fibonacci moving average after an uptrend, the 89-period level may act as resistance and could be used to set a target price.
Trend Recognition [by PattRec]This indicator recognizes when we are more likely in a bullish or bearish trend, as well as when the trend is not clearly defined. It has 6 sensitivity modes, arranged from least to most conservative. On intraday timeframes, the more conservative modes may be preferred. Alerts are included. It is not designed to be used as a single, standalone indicator but can be complemented with many other indicators. It's safer to use it not as a tool for when to trade, but rather for when not to trade.
Multi-Timeframe Trend and Market StructureThis indicator can be used to write on your graph the trend direction on 15m, 1h, 4h , daily timeframes
GOLDEN BOY - REVERSÃO Desenvolvido por Alex Reis
- Indicador de Reversão.
- Confluência com a tendência
- Bandas TMA
Tipo de Grafico : Range
Tempo do Gráfico: 10R/ 30R / 50R / 100R
Ativo : Mercado Futuros , GOLD , Forex
OBS: Configurar de acordo com sua estratégia.
[blackat] L2 Bull and Bear Heaven LineOVERVIEW
The L2 Bull and Bear Heaven Line script is a custom indicator designed to visualize trend directions using Exponential Moving Average (EMA)-based lines and generate trade signals based on crossovers between those lines. It also incorporates an RSI-like feature to provide additional insight into overbought and oversold conditions.
FEATURES
Utilizes two EMAs: a longer-term "Heaven Line" (default 60 bars) and a shorter-term "Trading Line" (default 30 bars).
Generates buy/sell signals based on crossovers between the "Trading Line" and "Heaven Line".
Identifies potential turning points in the market, indicating shifts from bullish to bearish or vice versa.
Includes an "Operation Line" similar to RSI, aiding in detecting overbought/oversold levels.
HOW TO USE
Add the script to your TradingView chart.
Observe the crossovers between the "Trading Line" and "Heaven Line":
Buy signal when the "Trading Line" crosses above the "Heaven Line".
Sell signal when the "Trading Line" crosses below the "Heaven Line".
Monitor the "Operation Line" for additional confirmation:
Secondary sell signal when the "Operation Line" drops below 90% and there is downward price action.
Complementary buy signal when the "Operation Line" rises above 10% and there is upward price action.
Consider the identified trend direction and potential turning points to make informed trading decisions.
LIMITATIONS
The effectiveness of the signals depends on the chosen time frame and specific market conditions.
False signals may occur due to volatile price movements or rapid changes in market sentiment.
NOTES
This script combines traditional technical analysis tools like EMAs with an RSI-like approach to enhance decision-making processes. Users should backtest the strategy under various market scenarios before implementing it in live trading.
THANKS
Special thanks to the contributors whose work inspired parts of this script.
MOT ORB BASICThe MOT ORB BASIC -
Update from zzzcrypto123 to V5 pinescript, and inclusion of midpoint
"This script plots the high/low of any custom session and extends it until the daily close. It does not show on the timeframe higher than the length of custom opening session by default.
The time period of opening range & the max timeframe to display it on can be adjusted from the settings.
So for eg. if want to use 5m ORB to trade, then set "ORB total time" as 5min & "Session Time" as whatever is the opening 5mins time period of ticker that are trading."
TrendFlow Dynamics V.1.2 [Afnan_YP]The "TrendFlow Dynamics V.1.2 " indicator is a powerful tool designed to analyze price charts in financial markets. It is built to provide comprehensive functionality for trend analysis, support and resistance levels, and buy/sell signals, helping users make more informed trading decisions. The main functions of this indicator are as follows:
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1. Trend Detection
- Detects real-time uptrends and downtrends in price movements.
- Displays trends by changing the color of the chart bars:
- Specific bar colors for uptrends (UP Trend).
- Specific bar colors for downtrends (Down Trend).
- Supports trend shifts when price breaks support or resistance levels.
- Enables users to easily grasp the overall market direction at a glance.
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2. Support and Resistance Levels
- Automatically identifies dynamic support and resistance levels:
- Support indicates areas where price is likely to stop falling.
- Resistance indicates areas where price is likely to stop rising.
- Lines for support and resistance are updated dynamically with market movements.
- Fully customizable, including line color, thickness, and style (solid, dotted, dashed).
- Enhances precision in planning entry and exit strategies.
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3. Buy/Sell Signals
- Generates buy and sell signals based on predefined price movement conditions.
- Displays symbols on the chart to clearly indicate Buy and Sell points.
- Includes signal filtering to reduce risks in sideways or non-trending markets.
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4. Alerts
- Provides alert notifications when buy or sell signals are generated.
- Configurable to send alerts through the TradingView app, ensuring no trading opportunities are missed.
- Ideal for users who want to monitor the market without constantly watching the screen.
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5. Price Level Evaluation (Indicator Zones)
- Identifies zones where price is in an "Overbought" or "Oversold" condition.
- Highlights potential buy opportunities when the price enters an Oversold zone and sell opportunities when it enters an Overbought zone.
- Supports customizable thresholds and conditions for entering or exiting these zones.
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6. Flexible Customization
- Offers a wide range of customizable parameters, such as:
- Trend calculation period (Pivot Length).
- Levels for buy and sell zones to filter false signals.
- Sensitivity of trend detection.
- Customization of bar colors, support/resistance lines, and signal display.
- Adaptable to suit individual trading styles and strategies.
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7. Trend Filtering
- Incorporates filters to detect the strength of market trends.
- Reduces the risk of signals occurring during non-trending or sideways markets.
- Filters can be toggled on or off according to user preference.
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8. Clear and User-Friendly Visualization
- Displays buy/sell signals and support/resistance levels in real-time on the chart.
- Designed for clear and intuitive presentation, suitable for traders of all experience levels.
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Summary
This indicator is ideal for traders seeking an all-in-one market analysis tool. It offers trend analysis, support and resistance identification, buy/sell signal generation, and alert notifications. It is suitable for both beginners and professional traders who want to enhance their trading precision.
KP SuperTrend STRATEGY - V3This Pine Script strategy, named KP SuperTrend STRATEGY - V3, is designed for TradingView to generate buy/sell signals and execute trades based on Supertrend calculations. It includes configurable session times, trade modes, and ATR-based logic for dynamic trend detection.
Trend and Triangle Detection_________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
[3Commas] Alligator StrategyThe Alligator Strategy
🔷 What it does: This script implements the Alligator Strategy, a trend-following method created by Bill Williams. It uses three customizable moving averages (SMMAs or RMAs) "Jaws," "Teeth," and "Lips" to identify market trends and potential trade opportunities. Additionally, it includes built-in stop-loss and take-profit options for enhanced risk management.
🔷 Who is it for:
Trend Traders: Those who prefer trading in markets with clear directional movement.
Advanced Users: Traders who require customizable tools and dynamic risk management features.
Beginners: Accessible to those new to trading, thanks to its intuitive visual representation of trends and pre-configured settings.
Bot Users: Supports direct signal integration for bot automation, including entries, take-profits, and stop-losses.
🔷 How does it work: The Alligator Jaws, Teeth, and Lips are smoothed moving averages (SMA, EMA, RMA, or WMA) calculated based on the selected source price ( hl2 = (high+low)/2 by default). Their lengths and offsets are customizable:
Jaws: Length 21 , offset 13.
Teeth: Length 13, offset 8.
Lips: Length 8 , offset 5.
When the lines align and spread apart (e.g., Lips > Teeth > Jaws for an uptrend), the strategy identifies a trending market.
Entry Conditions:
Long Trades: Triggered when Close > Lips > Teeth > Jaws.
Short Trades: Triggered when Close < Lips < Teeth < Jaws.
🔷 Why it’s unique:
Customization: Flexible settings for moving average types and lengths to adapt to different market conditions and strategy tester configurations.
Built-in Filters: Trend filters that can reduce false signals in certain scenarios, making it more reliable for trending markets.
Take Profit and Stop Loss:
Configurable as either percentage-based or dynamic.
Stop-loss levels adjust dynamically using the Alligator lines.
Fast exit logic moves the stop-loss closer to the price when trades are in profit.
3Commas Bot Compatibility: Designed for automated trading, allowing traders to configure and execute the strategy seamlessly.
🔷 Considerations Before Using the Indicator
🔸Why the Forward Offset: By shifting the averages forward, the Alligator helps traders focus on established trends while filtering out short-term market noise.
The standard configurations of 13-8, 8-5, and 5-3 were selected based on Bill Williams’ studies of market behavior. However, these values can be adjusted to suit different market conditions:
Volatile Markets: Faster settings (e.g., 10-6, 6-4, 3-2) may provide earlier signals.
Less Volatile Markets: Slower settings (e.g., 21-13, 13-8, 8-5) can help avoid noise and reduce false signals.
🔸Best Timeframes to Use: The Alligator can be applied across all timeframes, but certain timeframes offer better reliability.
Higher Timeframes (H4, D1, W1): Ideal for identifying significant trends and for swing or position trading.
Lower Timeframes: Not recommended due to increased noise but may work for scalping with additional confirmation tools.
🔸Disadvantages of the Alligator Strategy:
Exhausted Entry Levels: High buying levels or low selling levels can lead to momentum exhaustion and potential pullbacks.
False Signals in Ranges: Consolidating markets can produce unreliable signals.
Lagging Indicator: As it is based on moving averages, it may delay reacting to sudden price changes.
🔸Advantages of the Alligator Strategy:
Trend Focused: Simplifies the identification of trending markets.
Noise Reduction: Forward shifts and smoothed averages help filter out short-term price fluctuations.
Broad Applicability: Suitable for forex, crypto, stocks, and commodities.
🔸Important Considerations:
While the Alligator Strategy provides a systematic way to analyze markets, it does not guarantee successful outcomes. Results in trading depend on multiple factors, including market conditions, trader discipline, and risk management. Past performance of the strategy does not ensure future success, and traders should always approach the market with caution.
Risk Management: Define stop-loss levels, position size, and profit targets before entering any trade. Be prepared for the possibility of losses and ensure that your approach aligns with your overall trading plan.
🔷 STRATEGY PROPERTIES
Symbol: BINANCE:BTCUSDT (Spot).
Timeframe: 1D (Daily Timeframe).
Test Period: All historical data available.
Initial Capital: 10000 USDT.
Order Size per Trade: 1% of Capital, you can use a higher value e.g. 5%, be cautious that the Max Drawdown does not exceed 10%, as it would indicate a very risky trading approach.
Commission: Binance commission 0.1%, adjust according to the exchange being used, lower numbers will generate unrealistic results. By using low values e.g. 5%, it allows us to adapt over time and check the functioning of the strategy.
Slippage: 5 ticks, for pairs with low liquidity or very large orders, this number should be increased as the order may not be filled at the desired level.
Margin for Long and Short Positions: 100%.
Indicator Settings: Default Configuration.
Alligator: Source hl2 | Calculation RMA | Jaw 21-13, Teeth 13-8, Lips 8-5.
Strategy: Long & Short.
Max Stop Loss per Trade: 10% of Trade Size.
Exit trades on opposite signal: Enable.
Alligator Stop Loss: Enable.
Alligator Fast Exit: Enable.
🔷 STRATEGY RESULTS
⚠️ Remember, past results do not guarantee future performance.
Net Profit: +355.68 USDT (+3.56%).
Total Closed Trades: 103.
Percent Profitable: 47.57%.
Profit Factor: 1.927.
Max Drawdown: -57.99 USDT (-0.56%).
Average Trade: +3.45 USDT (+3.41%).
Average # Bars in Trades: 16.
🔷 HOW TO USE
🔸Adjust the Alligator Settings:
The default values generally work well: Source hl2 | Calculation RMA | Jaw 21-13, Teeth 13-8, Lips 8-5. However, if you want to use it on timeframes smaller than 4H (4 hours), consider increasing the values to better filter market noise.
Please review the "Indicator Settings" section for configuration.
🔸Choose a Symbol that Typically Trends:
Select an asset that tends to create trends. However, the Strategy Tester results may display poor performance, making it less suitable for sending signals to bots.
🔸Add Trend Filters:
You can enable trend filters like MA and SuperTrend. By default, these are disabled as they are often unnecessary, but you can experiment with their configuration to see if they optimize the strategy's results.
Please review the "Indicator Settings" section for configuration.
🔸Enable Stop Loss Levels:
Activate Stop Loss features, such as Stop Loss % or Alligator Stop Loss. If both are enabled, the one closest to the price during the trade will be applied.
Please review the "Indicator Settings" section for configuration.
🔸Enable Take Profit Levels:
Activate Take Profit options, such as Take Profit % or Alligator Fast Exit. If both are enabled, the one that triggers first will be executed.
Please review the "Indicator Settings" section for configuration.
This is an example with the default settings and how Alligator Stop Loss and Alligator Fast Exit are activated:
In this example, we additionally enable the Take Profit at 10%. We can observe that the Alligator Stop Loss is the active one since it is closer to the price. When the price moves 10% in favor or against the trade, the position is closed. Although the Alligator Fast Exit is enabled, it does not activate because the trades are closed beforehand.
🔸Results Review:
It is important to check the Max Drawdown. This value should ideally not exceed 10% of your capital. Consider adjusting the trade size to ensure this threshold is not surpassed.
Remember to include the correct values for commission and slippage according to the symbol and exchange where you are conducting the tests. Otherwise, the results will not be realistic.
If you are satisfied with the results, you may consider automating your trades. However, it is strongly recommended to use a small amount of capital or a demo account to test proper execution before committing real funds.
🔸Create alerts to trigger the DCA Bot
Verify Messages: Ensure the message matches the one specified by the DCA Bot.
Multi-Pair Configuration: For multi-pair setups, enable the option to add the symbol in the correct format.
Signal Settings: Enable whether you want to receive long or short signals (Entry | TP | SL), copy and paste the the messages for the DCA Bots configured in 3Commas.
Alert Setup:
When creating an alert, set the condition to the indicator and choose "alert() function call only.
Enter any desired Alert Name.
Open the Notifications tab, enable Webhook URL, and paste the Webhook URL from 3Commas.
For more details, refer to the 3Commas section: "How to use TradingView Custom Signals.
Finalize Alerts: Click Create, you're done! Alerts will now be sent automatically in the correct format to 3Commas.
🔷 INDICATOR SETTINGS
🔸Alligator Settings
MA's source: Source price for Alligator moving averages.
MA's Type: Type of calculation for MA's.
Jaw and Offset: Jaw length and offset to the right.
Teeth and Offset: Teethlength and offset to the right.
Lips and Offset: Lips length and offset to the right.
🔸Alligator Style
Plot Alligator: Show Alligator Ribbon.
Plot MA's: Show Alligator MA's.
Colors: Main and Gradient Colors for Bullish Alligator, Berish Alligator, Neutral Alligator. For gradient colors it is recommended to use an opacity of 15.
🔸MA & SuperTrend Filters
MA & Plot: Activate MA Filter and Plot MA on the chart.
Long Entries: When activated, it will only execute entries if the price is above the MA
Short Entries: When activated, it will only execute entries if the price is below the MA.
Source: Source price for moving average calculations.
Length: Candles to be used by the MA calculations.
Type: Type of calculation for MA.
Timeframe: Here you can select a larger timeframe for the filter.
ST & Plot: Activate SuperTrend Filter and Plot SuperTrend on the chart.
Long Entries: When activated, it will only execute entries if the price is above the SuperTrend.
Short Entries: When activated, it will only execute entries if the price is below the SuperTrend.
Source: Source price for SuperTrend calculations.
Length: Candles to be used by the SuperTrend calculations.
Factor: ATR multiplier of the SuperTrend.
Timeframe: Here you can select a larger timeframe for the filter.
🔸Strategy Tester
Strategy: Order Type direction in which trades are executed.
Take Profit %: When activated, the entered value will be used as the Take Profit in percentage from the entry price level.
Stop Loss %: When activated, the entered value will be used as the Stop Loss in percentage from the entry price level. If Alligator Stop Loss is activated, the closest one to the price will be used.
Exit trades on opposite signal: This option closes the trade if the opposite condition is met. For instance, if we are in a long position and a sell signal is triggered, the long position will be closed, and a short position will be opened. The same applies inversely.
Alligator Stop Loss: In a long trade, the lower part of the Alligator indicator will be used as a dynamic stop loss. Similarly, in a short trade, the upper part of the indicator will be used.
Alligator Fast Exit: Its purpose is to attempt to protect movements in favor of the trade's direction. In the case of long trades, once the price and the upper part of the Alligator indicator are above the trade's entry price, the stop loss will be moved to the upper part. For short trades, once the price and the lower part of the Alligator indicator are below the trade's entry price, the stop loss will be moved to the lower part of the Alligator indicator.
Alligator Squeeze Entry: When activated, entries will only be executed if they meet the condition after a neutral zone of the Alligator indicator.
Alligator Squeeze Exit: When this option is activated, any open trades will be closed when the Alligator indicator enters a neutral mode.
Use Custom Test Period: When enabled signals only works in the selected time window. If disabled it will use all historical data available on the chart.
Test Start and End: Once the Custom Test Period is enabled, here you select the start and end date that you want to analyze.
🔸3Commas DCA Bot Signals
Check Messages: Enable the table to review the messages to be sent to the bot.
Entry | TP | SL: Enable this options to send Buy Entry, Take Profit (TP), and Stop Loss (SL) signals to 3Commas.
Deal Entry and Deal Exit : Copy and paste the message for the deal start signal and close order at Market Price of the DCA Bot you created in 3Commas. This is the message that will be sent with the alert to the Bot, you must verify that it is the same as the 3Commas bot so that it can process properly so that it executes and starts the trade.
DCA Bot Multi-Pair: You must activate it if you want to use the signals in a DCA Bot Multi-pair in the text box you must enter (using the 3Commas format) the symbol in which you are creating the alert, you can check the format of each symbol when you create the bot.
🔷 CONCLUSION
The Alligator Strategy is a valuable tool for identifying potential trends and improving decision-making. However, no trading strategy is foolproof. Careful consideration of market conditions, proper risk management, and personal trading goals are essential. Use the Alligator as part of a broader trading system, and remember that consistent learning and discipline are key to success in trading.
👨🏻💻💭 We hope this tool helps enhance your trading. Your feedback is invaluable, so feel free to share any suggestions for improvements or new features you'd like to see implemented.
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The information and publications within the 3Commas TradingView account are not meant to be and do not constitute financial, investment, trading, or other types of advice or recommendations supplied or endorsed by 3Commas and any of the parties acting on behalf of 3Commas, including its employees, contractors, ambassadors, etc.
Project R
Project R : Advanced Trading Strategy with Dynamic Entry Signals
Overview
Project R is a comprehensive trading script tailored for traders seeking accuracy in market entries and exits. It merges multiple technical indicators—CCI, Momentum, RSI, and Mean Reversion Bands—with advanced trading tools like supply and demand zone detection, ATR-based stop-loss levels, and tiered take-profit targets. The script is designed to cater to both trend-following and mean-reversion strategies, offering dynamic adaptability to various market conditions. Its robust functionality and user-focused customization make it an invaluable tool for traders aiming to optimize their performance in live markets.
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🔶 Key Features
1. Customizable Entry Signal Source
- Traders can select between CCI (Commodity Channel Index) and Momentum as the primary entry signal generator, depending on their preferred strategy.
- Additional confirmation through detection of regular bullish or bearish divergences within overbought and oversold zones of the RSI enhances signal reliability. This ensures the trader has an added layer of confidence in their decision-making.
2. Supply and Demand Area Tracking
- The script scans historical price action to detect critical supply and demand zones , areas where significant buying or selling interest has previously occurred.
- These zones are plotted on the chart to help traders anticipate reversals or breakouts, making it easier to identify high-probability entry and exit points.
3. Mean Reversion Bands
- EMA-based mean reversion bands provide clear visual guidance for traders employing mean-reversion strategies.
- The bands are calculated with adjustable multipliers, allowing traders to customize their sensitivity and identify optimal buy and sell zones within ranging markets.
4. ATR-Based Stop Loss and Take Profit Levels
- Dynamic risk management is achieved by calculating stop-loss levels and up to four take-profit targets using Average True Range (ATR) multipliers.
- This ensures that stop-loss and take-profit levels adjust automatically to market volatility, providing consistent risk-reward ratios tailored to prevailing conditions.
5. Higher Time Frame Confirmation
- The integration of a higher time frame EMA (Exponential Moving Average) filter ensures that trades are executed in alignment with broader market trends, increasing the probability of success.
- This feature is especially useful for traders who prioritize trend-following strategies and seek confirmation from larger time frames.
6. Status Tracking
- A dynamic status system displays the current state of the trade (e.g., "Waiting for Confirmation," "Enter Buy," or "Enter Sell") directly on the chart.
- The script also monitors and logs whether the stop loss or individual take-profit targets have been achieved, providing real-time updates for active trades.
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🔹 Usage
How It Works
- Buy Signals : A buy signal is generated when the following conditions are met:
1. The chosen entry signal (CCI/Momentum) crosses upward, indicating bullish momentum.
2. RSI is in the oversold range or exhibits bullish divergence, signaling potential upward reversal.
3. Price is positioned above the higher time frame EMA and approaches identified demand zones, reinforcing a high-probability entry.
- Sell Signals: A sell signal is triggered when:
1. The chosen entry signal crosses downward, indicating bearish momentum.
2. RSI is in the overbought range or exhibits bearish divergence, suggesting potential downward reversal.
3. Price is positioned below the higher time frame EMA and approaches supply zones, aligning with bearish market sentiment.
- Stop Loss and Take Profit:
- Stop-loss levels are calculated dynamically based on ATR values, ensuring they adapt to market volatility.
- Multiple take-profit levels are provided to enable traders to scale out of positions incrementally, optimizing profit-taking strategies.
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🔹 Practical Examples
- Mean Reversion Strategy: In ranging markets, traders can use the lower band as a buy zone and the upper band as a sell zone. For instance, when the price approaches the lower mean reversion band near a demand area, a buy signal is generated if other criteria are met.
- Trend Following Strategy: By aligning entries with the direction of the higher time frame EMA, traders can participate in long-term trends with greater confidence. For example, entering a buy trade when price crosses above the 50 EMA on a 1-hour chart ensures alignment with the dominant trend.
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🔹 Visual Options
- Users can fully customize the color schemes, line styles, and visibility of key features, including:
- Mean reversion bands.
- Supply and demand zones.
- Take-profit and stop-loss levels.
- Entry points and trade progression are visually marked, ensuring traders can track real-time performance effortlessly.
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🔶 Why Invite-Only?
Innovative Design
- Project R integrates advanced techniques, such as combining multiple indicators with supply and demand zone detection, to create a holistic and adaptable strategy.
- The use of ATR-based dynamic risk management and higher time frame confirmation offers traders a competitive edge in volatile markets.
Comprehensive Features
- The script provides a seamless trading experience by combining analysis, execution, and risk management in one tool.
- Its ability to cater to different trading styles (trend-following, mean-reversion, and divergence-based trading) ensures versatility and wide appeal.
Performance and Utility
- Real-time tracking, dynamic risk management, and precision in signal generation position Project R as a professional-grade tool that is suitable for traders of all levels.
- These features merit invite-only access to ensure the integrity of its use and provide exclusivity to dedicated traders who seek advanced functionality.
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🔹 Settings
- Entry Signal Source: Choose between CCI and Momentum as the primary signal generator.
- RSI Levels: Adjust overbought and oversold thresholds to fine-tune divergence detection.
- ATR Multipliers: Customize stop-loss and take-profit levels based on your risk tolerance.
- Higher Time Frame EMA: Configure the higher time frame and EMA period to align with your preferred strategy.
- Supply/Demand Lookback Period: Modify the range for identifying supply and demand zones to suit market conditions.
- Mean Reversion Bands: Toggle the bands on or off and adjust their multipliers for a tailored mean-reversion strategy.
Elliott Wave with Customizable Visualization and Toggle1. Key User Inputs
a. Setting Wave 1 Start and High Points
- Wave 1 Start (Low Point): Enter the starting point (low point) of the first wave.
- Default: 10000.
- Wave 1 High (Previous High): Enter the high point (end point) of the first wave.
- Default: 11000.
b. Setting Targets and Retracement Ratios for Each Wave
- Wave 1 Target: Select the target ratio for Wave 1.
- Options: 1.0, 1.272, 1.414, 1.618, 2.0.
- Default: 1.618.
- Wave 2 Retrace: Select the retracement ratio for Wave 2.
- Options: 0.236, 0.382, 0.5, 0.618, 0.786.
- Default: 0.618.
- Wave 3 Target: Select the target ratio for Wave 3.
- Options: 1.0, 1.272, 1.414, 1.618, 2.0.
- Default: 1.618.
- Wave 4 Retrace: Select the retracement ratio for Wave 4.
- Options: 0.236, 0.382, 0.5, 0.618.
- Default: 0.382.
- Wave 5 Target: Select the target ratio for Wave 5.
- Options: 0.618, 1.0, 1.272, 1.414, 1.618.
- Default: 1.0.
c. Setting Colors and Styles for Each Wave
You can customize the color and line style of each wave:
- Wave 1 Color: Color of Wave 1 (Default: Green).
- Wave 2 Color: Color of Wave 2 (Default: Red).
- Wave 3 Color: Color of Wave 3 (Default: Blue).
- Wave 4 Color: Color of Wave 4 (Default: Purple).
- Wave 5 Color: Color of Wave 5 (Default: Orange).
- Wave 1 Line Style: Select the line style for Wave 1 (Options: Solid, Dotted, Dashed).
- Default: Solid.
- The same settings can be applied to the remaining waves.
d. Setting Wave Display Options
- You can toggle the visibility of specific waves:
- Example: Set Show Wave 1 to false to hide Wave 1 from the chart.
- Default: true (All waves are displayed).
2. Outputs and Visualization
Wave Target Lines
- The target price and retracement levels for each wave are displayed as horizontal lines on the chart.
- Selected ratios (Fibonacci ratios) are highlighted based on the user-defined style.
Labels
- Labels next to the target lines display the target price and Fibonacci ratio.
- Example: Wave 1 (1.618): 11236.54.
3. Key Calculations and Wave Explanations
a. Wave 1
- Length: Wave 1 High - Wave 1 Start.
- Target: The target price is calculated based on the selected ratio (Wave 1 Target).
- Display: The target line and label are displayed starting from Wave 1 Start.
b. Wave 2
- Retracement Length: Wave 1 Target - Wave 1 Start.
- Retracement Target: The retracement price is calculated based on the selected ratio (Wave 2 Retrace).
- Display: The retracement line and label are displayed starting from Wave 1 Target.
c. Wave 3
- Length: Same as the length of Wave 1.
- Target: The target price is calculated based on the selected ratio (Wave 3 Target).
- Display: The target line and label are displayed starting from Wave 1 Target.
d. Wave 4
- Retracement Length: Wave 3 Target - Wave 1 Target.
- Retracement Target: The retracement price is calculated based on the selected ratio (Wave 4 Retrace).
- Display: The retracement line and label are displayed starting from Wave 3 Target.
e. Wave 5
- Length: Same as the length of Wave 3.
- Target: The target price is calculated based on the selected ratio (Wave 5 Target).
- Display: The target line and label are displayed starting from Wave 3 Target.
4. Usage Examples
Trend Analysis
- Visualize the target price and retracement levels of each wave to understand upward or downward trends.
Determining Entry/Exit Points
- Plan entry and exit strategies by observing when target prices reach specific Fibonacci ratios.
Customization
- Enhance visual convenience by adjusting chart styles and colors to suit your preferences.
5. Notes and Precautions
Input Validation
- Ensure that the Wave 1 Start and Wave 1 High values match actual price ranges to achieve accurate results.
Market Conditions
- Elliott Wave Theory is a predictive tool and may differ from actual market movements.
Risk Management
- Use the results as a reference and always incorporate risk management strategies when making investment decisions.
Trend Filter (2-pole) [BigBeluga]Trend Filter (2-pole)
The Trend Filter (2-pole) is an advanced trend-following indicator based on a two-pole filter, which smooths out market noise while effectively highlighting trends and their strength. It incorporates color gradients and support/resistance dots to enhance trend visualization and decision-making for traders.
SP500:
🔵What is a Two-Pole Filter?
A two-pole filter is a digital signal processing technique widely used in electronics, control systems, and time series data analysis to smooth data and reduce noise.
//@function Two-pole filter
//@param src (series float) Source data (e.g., price)
//@param length (float) Length of the filter (higher value means smoother output)
//@param damping (float) Damping factor for the filter
//@returns (series float) Filtered value
method two_pole_filter(float src, int length, float damping) =>
// Calculate filter coefficients
float omega = 2.0 * math.pi / length
float alpha = damping * omega
float beta = math.pow(omega, 2)
// Initialize the filter variables
var float f1 = na
var float f2 = na
// Update the filter
f1 := nz(f1 ) + alpha * (src - nz(f1 ))
f2 := nz(f2 ) + beta * (f1 - nz(f2 ))
f2
It operates using two cascaded smoothing stages (poles), allowing for a more refined and responsive output compared to simple moving averages or other basic filters.
Two-pole filters are particularly valued for their ability to maintain smooth transitions while reducing lag, making them ideal for applications where precision and responsiveness are critical.
In trading, this filter helps detect trends by smoothing price data while preserving significant directional changes.
🔵Key Features of the Indicator:
Gradient-Colored Trend Filter Line: The main filter line dynamically changes color based on trend strength and direction:
- Green: Strong uptrend.
- Red: Strong downtrend.
- Yellow: Indicates a transition phase, signaling potential trend shifts.
Support and Resistance Dots with Signals:
- Dots are plotted below the filter line during uptrends and above it during downtrends.
- These dots represent consecutive rising or falling conditions of the filter line, which traders can set in the settings (e.g., the number of consecutive rises or falls required).
- The dots often act as dynamic support or resistance levels, providing valuable guidance during trends.
- Trend Signals:
Customizable Sensitivity: The indicator allows traders to adjust the filter length, damping factor, and the threshold for rising/falling conditions, enabling it to adapt to different trading styles and timeframes.
Bar Color Option: The indicator can optionally color bars to match the gradient of the filter line, enhancing visual clarity of trends directly on the price chart.
🔵How It Works:
The Trend Filter (2-pole) smooths price data using a two-pole filter, which reduces noise and highlights the underlying trend.
The gradient coloring of the filter line helps traders visually assess the strength and direction of trends.
Rising and falling conditions of the filter line are tracked, and dots are plotted when consecutive conditions meet the threshold, acting as potential support or resistance levels during trends.
The yellow transition color signals periods of indecision, helping traders anticipate potential reversals or consolidations.
🔵Use Cases:
Identify and follow strong uptrends and downtrends with gradient-based visual cues.
Use the yellow transition color to anticipate trend shifts or consolidation zones.
Leverage the plotted dots as dynamic support and resistance levels to refine entry and exit strategies.
Combine with other indicators for confirmation of trends and reversals.
This indicator is perfect for traders who want a visually intuitive and highly customizable tool to spot trends, gauge their strength, and make informed trading decisions.
ZenAlgo - Advanced OI 1.0ZenAlgo - Advanced Open Interest Indicator
Unlock the full potential of Open Interest data with actionable insights and intuitive visuals.
Description
The ZenAlgo - Advanced OI Indicator offers a professional-grade solution for traders seeking to understand the dynamics of Open Interest (OI) in conjunction with price trends and volume activity. By analyzing the interplay between these critical metrics, the indicator helps identify market sentiment shifts, liquidity trends, and trading opportunities with precision.
Core Functionalities
The indicator provides real-time analysis of Open Interest changes, offering traders a window into market activity. For example, rising OI alongside price increases suggests a strong bullish sentiment, while declining OI during price drops may indicate a market slowdown or profit-taking behavior.
In addition to OI, the tool monitors price percentage changes and correlates them with OI data to classify market conditions into actionable trend signals, such as:
Long Entry : A situation where both price and OI rise, suggesting the initiation of new long positions.
Short Exit : Declining OI coupled with rising prices, often signaling short-covering.
Volume analysis further enhances decision-making by breaking down buy and sell activity within each trading period. The indicator calculates delta (net volume difference) to reveal buying or selling pressure, adding another layer of market context.
User-Friendly Features
A highly customizable dashboard ensures the ZenAlgo - Advanced OI Indicator integrates seamlessly into any trading setup. Users can adjust its size, position, and color scheme, making it adaptable to various chart styles. The proprietary ZenAlgo color theme enhances readability and provides a consistent visual experience across all metrics.
Example Application
Consider trading Bitcoin futures on Binance BINANCE:BTCUSDT.P . When both price and OI exhibit consistent increases, the indicator classifies this as a “Long Entry” scenario. This insight, combined with delta analysis showing net buying pressure, offers traders a compelling argument to initiate or hold long positions. Conversely, a scenario of rising price but declining OI is flagged as a “Short Exit,” warning traders of potential trend exhaustion.
Key Benefits
This indicator empowers traders by:
Providing a clear, real-time view of market positioning and sentiment.
Streamlining complex metrics into easy-to-understand signals and visuals.
Offering deep customization options to suit diverse trading needs.
Conclusion
Whether you’re scalping or taking swing positions, the ZenAlgo - Advanced OI Indicator delivers reliable, actionable insights. Its intuitive design and robust analytics make it an indispensable tool for traders aiming to stay ahead in dynamic markets.
Learn More About ZenAlgo
Signals from Pawel 2A trend based on four exponential moving averages. Signals displayed when two EMAs start to converge may give weak results or even none, potentially triggering a stop loss. Try to open positions right after the trend changes and when the EMA lines are far apart. The indicator was tested on XAU/USD on a 5-minute timeframe, but it will work on all timeframes and other pairs. Good luck ;-)
