Economic Seasons [Daveatt]Ever wondered what season your economy is in?
Just like Mother Nature has her four seasons, the economy cycles through its own seasons! This indicator helps you visualize where we are in the economic cycle by tracking two key metrics:
📊 What We're Tracking:
1. Interest Rates (USIRYY) - The yearly change in interest rates
2. Inflation Rate (USINTR) - The rate at which prices are rising
The magic happens when we normalize these values (fancy math that makes the numbers play nice together) and compare them to their recent averages. We use a lookback period to calculate the standard deviation and determine if we're seeing higher or lower than normal readings.
🔄 The Four Economic Seasons & Investment Strategy:
1. 🌸 Goldilocks (↑Growth, ↓Inflation)
"Not too hot, not too cold" - The economy is growing steadily without overheating.
BEST TIME TO: Buy growth stocks, technology, consumer discretionary
WHY: Companies can grow earnings in this ideal environment of low rates and stable prices
2. 🌞 Reflation (↑Growth, ↑Inflation)
"Party time... but watch your wallet!" - The economy is heating up.
BEST TIME TO: Buy commodities, banking stocks, real estate
WHY: These sectors thrive when inflation rises alongside growth
3. 🌡️ Inflation (↓Growth, ↑Inflation)
"Ouch, my purchasing power!" - Growth slows while prices keep rising.
BEST TIME TO: Rotate into value stocks, consumer staples, healthcare
WHY: These defensive sectors maintain pricing power during inflationary periods
4. ❄️ Deflation (↓Growth, ↓Inflation)
"Winter is here" - Both growth and inflation are falling.
BEST TIME TO: Focus on quality bonds, cash positions, and dividend aristocrats
WHY: Capital preservation becomes key; high-quality fixed income provides safety
🎯 Strategic Trading Points:
- BUY AGGRESSIVELY: During late Deflation/early Goldilocks (the spring thaw)
- HOLD & ACCUMULATE: Throughout Goldilocks and early Reflation
- START TAKING PROFITS: During late Reflation/early Inflation
- DEFENSIVE POSITIONING: Throughout Inflation and Deflation
⚠️ Warning Signs to Watch:
- Goldilocks → Reflation: Time to reduce growth stock exposure
- Reflation → Inflation: Begin rotating into defensive sectors
- Inflation → Deflation: Quality becomes crucial
- Deflation → Goldilocks: Start building new positions
The blue dot shows you where we are right now in this cycle.
The red arrows in the middle remind us that this is a continuous cycle - one season flows into the next, just like in nature!
💡 Pro Tip: The transitions between seasons often provide the best opportunities - but also the highest risks. Use additional indicators and fundamental analysis to confirm these shifts.
Remember: Just like you wouldn't wear a winter coat in summer, you shouldn't use a Goldilocks strategy during Inflation! Time your trades with the seasons. 🎯
Happy Trading! 📈
Chu kỳ
Previous Day High and Low Count with Probabilities
Indicator Explanation
This indicator displays the number of days on which the previous day's high or low prices were not reached and calculates probabilities for future price movements based on this information. It stores the high and low values of the last 45 days and checks daily whether these levels were touched. Based on the number of days without touching either the high or the low, the indicator calculates the probability of future price movements in either direction (Up or Down).
The indicator offers customization options for label placement and color on the chart. The counts for the high and low touches, along with the calculated probabilities (in percentages), are displayed as labels on the chart. These labels can be shifted along the X-axis by up to 50 bars and can be customized in color and size. Additionally, the text for the labels can be freely chosen, giving the user improved flexibility and overview.
In summary, this indicator helps to:
- Track how often previous day's high and low levels were not reached.
- Estimate probabilities for future price movements based on this information.
- Customize the chart display for easier interpretation.
Strategy Concept
Probability and Touch Conditions:
A long position is entered only if:
The probability of reaching the high is at least 60%.
The price has not touched the previous day’s high in the last three days.
Similarly, for short positions:
The probability of reaching the low is at least 60%.
The price has not touched the previous day’s low in the last three days.
Incremental Position Size Increase:
On the 3rd consecutive day without a high/low touch and with the probability condition met, an initial position of 0.01 lots is opened.
On the 4th day, an additional position of 0.01 lots is added.
On the 5th day, an extra position of 0.02 lots is opened.
After a two-day pause, the situation is re-evaluated, and if conditions are still met, a 0.04-lot position is considered.
Trend Reversal Detection:
The strategy also includes a simple trend reversal check. If the market shows clear reversal signals, no new positions will be opened.
Adjustments and Risk Management
This strategy can be adjusted by modifying the probability values, the number of days without a high/low touch, and the lot sizes. Additionally, stop-loss and take-profit levels can be added to further control the risk and secure profits.
Strategy Concept
Probability and Touch Conditions:
A long position is entered only if:
The probability of reaching the high is at least 60%.
The price has not touched the previous day’s high in the last three days.
Similarly, for short positions:
The probability of reaching the low is at least 60%.
The price has not touched the previous day’s low in the last three days.
Incremental Position Size Increase:
On the 3rd consecutive day without a high/low touch and with the probability condition met, an initial position of 0.01 lots is opened.
On the 4th day, an additional position of 0.01 lots is added.
On the 5th day, an extra position of 0.02 lots is opened.
After a two-day pause, the situation is re-evaluated, and if conditions are still met, a 0.04-lot position is considered.
Trend Reversal Detection:
The strategy also includes a simple trend reversal check. If the market shows clear reversal signals, no new positions will be opened.
Risk Disclaimer
The author of this strategy does not assume any liability for potential losses or gains that may arise from the use of this strategy. Trading involves significant risk, and it is important to only trade with capital that you can afford to lose. The strategy presented is for educational purposes only and should not be considered as financial advice. Always conduct your own research and consider seeking advice from a professional financial advisor before making any trading decisions.
Spreads between contractsA simple indicator that automatically calculates and charts the difference between the nearby futures contract (1!) and the next contract (2!), enabling contango and backwardation analysis. If needed, any two contracts can also be manually entered.
RSI and Dev Advanced Volatility IndexEnglish Explanation of the "RSI and Dev Advanced Volatility Index" Pine Script Code
Understanding the Code
Purpose:
This Pine Script code creates a custom indicator that combines the Relative Strength Index (RSI) and Deviation (DEV) to provide insights into market volatility.
Key Components:
* Deviation (DEV): Calculates the difference between the closing price and the 10-period simple moving average. This measures the extent to which the price deviates from its recent average, indicating volatility.
* RSI: The traditional RSI is then applied to the calculated deviations. This helps to smooth the data and identify overbought or oversold conditions in terms of volatility.
Calculation Steps:
* Deviation Calculation: The difference between the closing price and its 10-period simple moving average is calculated.
* RSI Calculation: The RSI is calculated on the deviations, providing a measure of the speed and change of volatility relative to recent volatility changes.
* Plotting:
* The RSI of the deviations is plotted on the chart.
* Horizontal lines are plotted at 50, 0, and 110 to visually represent different volatility zones.
* The area between the lines is filled with color to highlight low and high volatility regions.
Interpretation and Usage
* Volatility Analysis:
* High Volatility: When the RSI is above 50, it indicates high volatility, suggesting the market might be in a consolidation or trend reversal phase.
* Low Volatility: When the RSI is below 50, it indicates low volatility, suggesting a relatively calm market.
* Trading Signals:
* Buy Signal: When the RSI crosses above 50 from below, it might signal increasing volatility, which could be a buying opportunity.
* Sell Signal: When the RSI crosses below 50 from above, it might signal decreasing volatility, which could be a selling opportunity.
* Risk Management:
* By monitoring volatility, traders can better manage their risk. During periods of high volatility, traders might reduce their position size or adopt more conservative strategies.
Advantages
* Comprehensive: Combines RSI and DEV for a more holistic view of volatility.
* Sensitivity: Quickly responds to changes in market volatility.
* Visual Clarity: Color-coded zones provide a clear visual representation of different volatility levels.
Limitations
* Parameter Sensitivity: The indicator's performance is sensitive to parameter changes, such as the lookback period for the moving average.
* Lag: Like most technical indicators, it has some lag and might not capture every market movement.
* Not Predictive: It can only indicate current and past volatility, not future movements.
Summary
This custom indicator offers a valuable tool for analyzing market volatility. By combining RSI and DEV, it provides a more nuanced perspective on price fluctuations. However, it should be used in conjunction with other technical indicators and fundamental analysis for more robust trading decisions.
Key points to remember:
* Higher RSI values indicate higher volatility.
* Lower RSI values indicate lower volatility.
* Crossovers of the RSI line above or below 50 can provide potential trading signals.
* The indicator should be used in conjunction with other analysis tools for a more complete picture of the market.
Enhanced Chaikin Money FlowEnhanced Chaikin Money Flow (CMF) with Normalized Distribution
The Enhanced Chaikin Money Flow (CMF) is a sophisticated version of Marc Chaikin's classic volume-weighted indicator that measures buying and selling pressure. This version incorporates statistical normalization and advanced smoothing techniques to provide more reliable signals.
Key Features
Normalized distribution (z-score) for better historical comparison
Multiple smoothing options (SMA, EMA, WMA, RMA) for noise reduction
Standard deviation bands (1σ and 2σ) to identify extreme readings
Adjustable parameters for customization
Alert system for extreme readings
Interpretation
Values represent standard deviations from the mean
Above 0: Indicates net buying pressure
Below 0: Indicates net selling pressure
Outside ±2σ bands: Suggests extreme market conditions
Crossovers of standard deviation bands may signal potential reversals
Technical Details
The indicator combines volume with price location within a bar to determine buying/selling pressure, then normalizes these values using a rolling z-score calculation. This normalization allows for better historical comparison and more reliable overbought/oversold signals.
Best used in conjunction with price action and other indicators for confirmation of potential market turns or trend strength.
Stablecoin Dominance Oscillator
The SDO is a normalized oscillator that tracks the relationship between stablecoin market capitalization (USDT + USDC + DAI) and total crypto market capitalization. It helps identify periods where stablecoins represent an unusually high or low portion of the total crypto market value.
Key components:
Main Signal (Blue Line):
Shows the normalized deviation of stablecoin dominance from its trend. Higher values indicate higher stablecoin dominance relative to history (which often corresponds with market bottoms/fear), while lower values indicate lower stablecoin dominance (often seen during strong bull markets/greed).
Dynamic Bands (Gray):
These adapt to market volatility, expanding during volatile periods and contracting during stable periods
Generally suggest temporary boundaries for the oscillator
Volatility Reference (Purple Line):
Shows the ratio between short-term and long-term volatility
Higher values indicate more volatile market conditions
Helps contextualize the reliability of the current signal
The indicator uses a 500-period lookback for baseline calculations and a 15-period Hull Moving Average for smoothing, making it responsive while filtering out noise. The final signal is normalized and volatility-adjusted to maintain consistent readings across different market regimes.
Enhanced Market Analyzer with Adaptive Cognitive LearningThe "Enhanced Market Analyzer with Advanced Features and Adaptive Cognitive Learning" is an advanced, multi-dimensional trading indicator that leverages sophisticated algorithms to analyze market trends and generate predictive trading signals. This indicator is designed to merge traditional technical analysis with modern machine learning techniques, incorporating features such as adaptive learning, Monte Carlo simulations, and probabilistic modeling. It is ideal for traders who seek deeper market insights, adaptive strategies, and reliable buy/sell signals.
Key Features:
Adaptive Cognitive Learning:
Utilizes Monte Carlo simulations, reinforcement learning, and memory feedback to adapt to changing market conditions.
Adjusts the weighting and learning rate of signals dynamically to optimize predictions based on historical and real-time data.
Hybrid Technical Indicators:
Custom RSI Calculation: An RSI that adapts its length based on recursive learning and error adjustments, making it responsive to varying market conditions.
VIDYA with CMO Smoothing: An advanced moving average that incorporates Chander Momentum Oscillator for adaptive smoothing.
Hamming Windowed VWMA: A volume-weighted moving average that applies a Hamming window for smoother calculations.
FRAMA: A fractal adaptive moving average that responds dynamically to price movements.
Advanced Statistical Analysis:
Skewness and Kurtosis: Provides insights into the distribution and potential risk of market trends.
Z-Score Calculations: Identifies extreme market conditions and adjusts trading thresholds dynamically.
Probabilistic Monte Carlo Simulation:
Runs thousands of simulations to assess potential price movements based on momentum, volatility, and volume factors.
Integrates the results into a probabilistic signal that informs trading decisions.
Feature Extraction:
Calculates a variety of market metrics, including price change, momentum, volatility, volume change, and ATR.
Normalizes and adapts these features for use in machine learning algorithms, enhancing signal accuracy.
Ensemble Learning:
Combines signals from different technical indicators, such as RSI, MACD, Bollinger Bands, Stochastic Oscillator, and statistical features.
Weights each signal based on cumulative performance and learning feedback to create a robust ensemble signal.
Recursive Memory and Feedback:
Stores and averages past RSI calculations in a memory array to provide historical context and improve future predictions.
Adaptive memory factor adjusts the influence of past data based on current market conditions.
Multi-Factor Dynamic Length Calculation:
Determines the length of moving averages based on volume, volatility, momentum, and rate of change (ROC).
Adapts to various market conditions, ensuring that the indicator is responsive to both high and low volatility environments.
Adaptive Learning Rate:
The learning rate can be adjusted based on market volatility, allowing the system to adapt its speed of learning and sensitivity to changes.
Enhances the system's ability to react to different market regimes.
Monte Carlo Simulation Engine:
Simulates thousands of random outcomes to model potential future price movements.
Weights and aggregates these simulations to produce a final probabilistic signal, providing a comprehensive risk assessment.
RSI with Dynamic Adjustments:
The initial RSI length is adjusted recursively based on calculated errors between true RSI and predicted RSI.
The adaptive RSI calculation ensures that the indicator remains effective across various market phases.
Hybrid Moving Averages:
Short-Term and Long-Term Averages: Combines FRAMA, VIDYA, and Hamming VWMA with specific weights for a unique hybrid moving average.
Weighted Gradient: Applies a color gradient to indicate trend strength and direction, improving visual clarity.
Signal Generation:
Generates buy and sell signals based on the ensemble model and multi-factor analysis.
Uses percentile-based thresholds to determine overbought and oversold conditions, factoring in historical data for context.
Optional settings to enable adaptation to volume and volatility, ensuring the indicator remains effective under different market conditions.
Monte Carlo and Learning Parameters:
Users can customize the number of Monte Carlo simulations, learning rate, memory factor, and reward decay for tailored performance.
Applications:
Scalping and Day Trading:
The fast response of the adaptive RSI and ensemble learning model makes this indicator suitable for short-term trading strategies.
Swing Trading:
The combination of long-term moving averages and probabilistic models provides reliable signals for medium-term trends.
Volatility Analysis:
The ATR, Bollinger Bands, and adaptive moving averages offer insights into market volatility, helping traders adjust their strategies accordingly.
No Trade Zone Indicator [CHE]No Trade Zone Indicator
The "No Trade Zone Indicator " is a powerful tool designed to help traders identify periods when the market may not present favorable trading opportunities. By analyzing the percentage change in the 20-period Simple Moving Average (SMA20) relative to a dynamically adjusted threshold based on market volatility, this indicator highlights times when it's prudent to stay out of the market.
Why Knowing When Not to Trade Is Important
Understanding when not to trade is just as crucial as knowing when to enter or exit a position. Trading during periods of low volatility or uncertain market direction can lead to unnecessary risks and potential losses. By recognizing these "No Trade Zones," you can:
- Avoid Low-Probability Trades: Reduce the chances of entering trades with unfavorable risk-to-reward ratios.
- Preserve Capital: Protect your investment from unpredictable market movements.
- Enhance Focus: Concentrate on high-quality trading opportunities that align with your strategy.
How the Indicator Works
- SMA20 Calculation: Computes the 20-period Simple Moving Average of closing prices to identify the market's short-term trend.
- ATR Measurement: Calculates the Average True Range (ATR) over a user-defined period (default is 14) to assess market volatility.
- Dynamic Threshold: Determines an adjusted threshold by multiplying the ATR percentage by a Threshold Adjustment Factor (default is 0.05).
- Trend Analysis: Compares the percentage change of the SMA20 against the adjusted threshold to evaluate market momentum.
- Status Identification:
- Long: Indicates a rising SMA20 above the threshold—suggesting a potential upward trend.
- Short: Indicates a falling SMA20 above the threshold—suggesting a potential downward trend.
- No Trade: Signals when the SMA20 change is below the threshold, marking a period of low volatility or indecision.
Features
- Customizable Settings: Adjust the ATR period and Threshold Adjustment Factor to suit different trading styles and market conditions.
- Visual Indicators: Colored columns represent market status—green for "Long," red for "Short," and gray for "No Trade."
- On-Chart Table: An optional table displays the current market status directly on your chart for quick reference.
- Alerts: Set up alerts to receive notifications when the market enters a "No Trade Zone," helping you stay informed without constant monitoring.
How to Use the Indicator
1. Add to Chart: Apply the "No Trade Zone Indicator " to your preferred trading chart on TradingView.
2. Configure Settings: Customize the ATR period and Threshold Adjustment Factor based on your analysis and risk tolerance.
3. Interpret Signals:
- Green Columns: Consider looking for buying opportunities as the market shows upward momentum.
- Red Columns: Consider looking for selling opportunities as the market shows downward momentum.
- Gray Columns: Refrain from trading as the market lacks clear direction.
4. Monitor Alerts: Use the alert feature to get notified when the market status changes, allowing you to make timely decisions.
Conclusion
Incorporating the "No Trade Zone Indicator " into your trading toolkit can enhance your decision-making process by clearly indicating when the market may not be conducive to trading. By focusing on periods with favorable conditions and avoiding low-volatility times, you can improve your trading performance and achieve better results over the long term.
*Trade wisely, and remember—the best trade can sometimes be no trade at all.*
Disclaimer
The content provided, including all code and materials, is strictly for educational and informational purposes only. It is not intended as, and should not be interpreted as, financial advice, a recommendation to buy or sell any financial instrument, or an offer of any financial product or service. All strategies, tools, and examples discussed are provided for illustrative purposes to demonstrate coding techniques and the functionality of Pine Script within a trading context.
Any results from strategies or tools provided are hypothetical, and past performance is not indicative of future results. Trading and investing involve high risk, including the potential loss of principal, and may not be suitable for all individuals. Before making any trading decisions, please consult with a qualified financial professional to understand the risks involved.
By using this script, you acknowledge and agree that any trading decisions are made solely at your discretion and risk.
best regards
Chervolino
Power Core MAThe Power Core MA indicator is a powerful tool designed to identify the most significant moving average (MA) in a given price chart. This indicator analyzes a wide range of moving averages, from 50 to 400 periods, to determine which one has the strongest influence on the current price action.
The blue line plotted on the chart represents the "Current Core MA," which is the moving average that is most closely aligned with other nearby moving averages. This line indicates the current trend and potential support or resistance levels.
The table displayed on the chart provides two important pieces of information. The "Current Core MA" value shows the length of the moving average that is currently most influential. The "Historical Core MA" value represents the average length of the most influential moving averages over time.
This indicator is particularly useful for traders and analysts who want to identify the most relevant moving average for their analysis. By focusing on the moving average that has the strongest historical significance, users can make more informed decisions about trend direction, support and resistance levels, and potential entry or exit points.
The Power Core MA is an excellent tool for those interested in finding the strongest moving average in the price history. It simplifies the process of analyzing multiple moving averages by automatically identifying the most influential one, saving time and providing valuable insights into market dynamics.
By combining current and historical data, this indicator offers a comprehensive view of the market's behavior, helping traders to adapt their strategies to the most relevant timeframes and trend strengths.
Nami Bands with Future Projection [FXSMARTLAB]The Nami Bands ( Inspired by "Nami", meaning "wave" in Japanese) are two dynamic bands around price data: an upper band and a lower band. These bands are calculated based on an Asymmetric Linear Weighted Moving Average of price and a similarly asymmetric weighted standard deviation. This weighting method emphasizes recent data without overreacting to short-term price changes, thus smoothing the bands in line with prevailing market conditions.
Advantages and Benefits of Using the Indicator
* Volatility Analysis: The bands expand and contract with market volatility, helping traders assess periods of high and low volatility. Narrow bands indicate low volatility and potential consolidation, while wide bands suggest increased volatility and potential price movement.
* Dynamic Support and Resistance Levels: By adapting to recent trends, the bands serve as dynamic support (lower band) and resistance (upper band) levels, which traders can use for entry and exit signals.
* Overbought and Oversold Conditions: When prices reach or cross the bands’ outer limits, it may signal overbought (upper band) or oversold (lower band) conditions, suggesting possible reversals or trend slowdowns.
* Trend Confirmation and Continuation: The slope of the central moving average confirms trend direction. An upward slope generally indicates a bullish trend, while a downward slope suggests a bearish trend.
* Anticipating Breakouts and Reversals: The projected bands help identify where price movements may head, allowing traders to anticipate potential breakouts or reversals based on projected support and resistance.
Indicator Parameters
Source (src): The price data used for calculations, by default set to the average of high, low, and close (hlc3).
Length: The period over which calculations are made, defaulted to 50 periods.
Projection Length: The length for future band projection, defaulted to 20 periods.
StdDev Multiplier (mult): A multiplier for the standard deviation, defaulted to 2.0.
Internal Calculations
1. Asymmetric Linear Weighted Moving Average of Price
The indicator uses an Asymmetric Linear Weighted Moving Average (ALWMA) to calculate a central value for the price.
Asymmetric Weighting: This weighting technique assigns the highest weight to the most recent value, with weights decreasing linearly as the data points become older. This structure provides a nuanced focus on recent price trends, while still reflecting historical price levels.
2. Asymmetric Weighted Standard Deviation
The standard deviation in this indicator is also calculated using asymmetric weighting:
Purpose of Asymmetric Weighted Standard Deviation: Rather than aiming for high sensitivity to recent data, this standard deviation measure smooths out volatility by integrating weighted values across the length period, stabilizing the overall measurement of price variability.
This approach yields a balanced view of volatility, capturing broader market trends without being overly reactive to short-lived changes.
3. Upper and Lower Bands
The upper and lower bands are created by adding and subtracting the asymmetric weighted standard deviation from the asymmetric weighted average of price. This creates a dynamic envelope that adjusts to both recent price trends and the smoothed volatility measure:
These bands represent adaptable support and resistance levels that shift with recent market volatility.
Future Band Projection
The indicator provides a projection of the bands based on their current slope.
1. Calculating the Slope of the Bands
The slope for each band is derived from the difference between the current and previous values of each band.
2. Projecting the Bands into the Future
For each period into the future, up to the defined Projection Length, the bands are projected using the current slope.
This feature offers an anticipated view of where support and resistance levels may move, providing insight for future market behavior based on current trends.
ATT Model with Buy/Sell SignalsIndicator Summary
This indicator is based on the ATT (Arithmetic Time Theory) model, using specific turning points derived from the ATT sequence (3, 11, 17, 29, 41, 47, 53, 59) to identify potential market reversals. It also integrates the RSI (Relative Strength Index) to confirm overbought and oversold conditions, triggering buy and sell signals when conditions align with the ATT sequence and RSI level.
Turning Points: Detected based on the ATT sequence applied to bar count. This suggests high-probability areas where the market could turn.
RSI Filter: Adds strength to the signals by ensuring buy signals occur when RSI is oversold (<30) and sell signals when RSI is overbought (>70).
Max Signals Per Session: Limits signals to two per session to reduce over-trading.
Entry Criteria
Buy Signal: Enter a buy trade if:
The indicator displays a green "BUY" marker.
RSI is below the oversold level (default <30), suggesting a potential upward reversal.
Sell Signal: Enter a sell trade if:
The indicator displays a red "SELL" marker.
RSI is above the overbought level (default >70), indicating a potential downward reversal.
Exit Criteria
Take Profit (TP):
Define TP as a fixed percentage or point value based on the asset's volatility. For example, set TP at 1.5-2x the risk, or a predefined point target (like 50-100 points).
Alternatively, exit the position when price approaches a key support/resistance level or the next significant swing high/low.
Stop Loss (SL):
Place the SL below the recent low (for buys) or above the recent high (for sells).
Set a fixed SL in points or percentage based on the asset’s average movement range, like an ATR-based stop, or limit it to a specific risk amount per trade (1-2% of account).
Trailing into Profit
Use a trailing strategy to lock in profits and let winning trades run further. Two main options:
ATR Trailing Stop:
Set the trailing stop based on the ATR (Average True Range), adjusting every time a new candle closes. This can help in volatile markets by keeping the stop at a consistent distance based on recent price movement.
Break-Even and Partial Profits:
When the price moves in your favor by a set amount (e.g., 1:1 risk/reward), move SL to the entry (break-even).
Take partial profit at intermediate levels (e.g., 50% at 1:1 RR) and trail the remainder.
Risk Management for Prop Firm Evaluation
Prop firms often have strict rules on daily loss limits, max drawdowns, and minimum profit targets. Here’s how to align your strategy with these:
Limit Risk per Trade:
Keep risk per trade to a conservative level (e.g., 1% or lower of your account balance). This allows for more room in case of a drawdown and aligns with most prop firm requirements.
Daily Loss Limits:
Set a daily stop-loss that ensures you don’t exceed the firm’s rules. For example, if the daily limit is 5%, stop trading once you reach a 3-4% drawdown.
Avoid Over-Trading:
Stick to the max signals per session rule (one or two trades). Taking only high-probability setups reduces emotional and reactive trades, preserving capital.
Stick to a Profit Target:
Aim to meet the evaluation’s profit goal efficiently but avoid risky or oversized trades to reach it faster.
Avoid Major Economic Events:
News events can disrupt technical setups. Avoid trading around significant releases (like FOMC or NFP) to reduce the chance of sudden losses due to high volatility.
Summary
Using this strategy with discipline, a structured entry/exit approach, and tight risk management can maximize your chances of passing a prop firm evaluation. The ATT model’s turning points, combined with the RSI, provide an edge by highlighting reversal zones, while limiting trades to 1-2 per session helps maintain controlled risk.
Low Price VolatilityI highlighted periods of low price volatility in the Nikkei 225 futures trading.
It is Japan Standard Time (JST)
This script is designed to color-code periods in the Nikkei 225 futures market according to times when prices tend to be more volatile and times when they are less volatile. The testing period is from March 11, 2024, to November 1, 2024. It identifies periods and counts where price movement exceeded half of the ATR, and colors are applied based on this data. There are no calculations involved; it simply uses the results of the analysis to apply color.
New Day [UkutaLabs]█ OVERVIEW
The New Day indicator is a useful trading tool that automatically identifies the first bar of each trading day for the user’s convenience.
█ USAGE
At the beginning of each trading day, this indicator will automatically create a line that will display the first bar of the trading day. This is a useful way to visualize where each day begins and ends.
When this indicator is used on a stock or futures chart, the first bar of the session will be identified as the first bar of the trading day. If this indicator is used on crypto or forex charts, which are tradable for 24 hours, the indicator will identify the bar closest to midnight as the first bar of the trading day.
█ SETTINGS
Configuration
• Line Color: This setting allows the user to determine the color of the New Day line.
• Line Width: This setting allows the user to determine the width of the New Day line.
• Line Style: This setting allows the user to determine the style of the New Day line.
Confirmed market structure buy/sell indicatorOverview
The Swing Point Breakout Indicator with Multi-Timeframe Dashboard is a TradingView tool designed to identify potential buy and sell signals based on swing point breakouts on the primary chart's timeframe while simultaneously providing a snapshot of the market structure across multiple higher timeframes. This dual approach helps traders make informed decisions by aligning short-term signals with broader market trends.
Key Features
Swing Point Breakout Detection
Swing Highs and Lows: Identifies significant peaks and troughs based on a user-defined lookback period.
Breakout Signals:
Bullish Breakout (Buy Signal): Triggered when the price closes above the latest swing high.
Bearish Breakout (Sell Signal): Triggered when the price closes below the latest swing low.
Visual Indicators: Highlights breakout bars with colors (lime for bullish, red for bearish) and plots buy/sell markers on the chart.
Multi-Timeframe Dashboard
Timeframes Monitored: 1m, 5m, 15m, 1h, 4h, 1D, and 1W.
Market Structure Status:
Bullish: Indicates upward market structure.
Bearish: Indicates downward market structure.
Neutral: No clear trend.
Visual Table: Displays each timeframe with its current status, color-coded for quick reference (green for bullish, red for bearish, gray for neutral).
Operational Workflow
Initialization:
Sets up a dashboard table on the chart's top-right corner with headers "Timeframe" and "Status".
Swing Point Detection:
Continuously scans the main timeframe for swing highs and lows using the specified lookback period.
Updates the latest swing high and low levels.
Signal Generation:
Detects when the price breaks above the last swing high (bullish) or below the last swing low (bearish).
Activates potential buy/sell setups and confirms signals based on subsequent price movements.
Dashboard Update:
For each defined higher timeframe, assesses the market structure by checking for breakouts of swing points.
Updates the dashboard with the current status for each timeframe, aiding in trend confirmation.
Visualization:
Colors the bars where breakouts occur.
Plots buy and sell signals directly on the chart for easy identification.
US Party Rule Indicator**Here's a description you can use for the indicator:**
**US Party Rule Indicator**
This indicator visually represents the political party in power in the United States over a specified period. It overlays a colored 200-day Exponential Moving Average (EMA) on the chart. The color of the EMA changes to reflect the ruling party, providing a visual representation of political influence on market trends.
**Key Features:**
- **Dynamic Color-Coded EMA:** The 200-EMA changes color to indicate the party in power (Red for Republican, Blue for Democrat).
- **Clear Visual Representation:** The colored EMA provides an easy-to-understand visual cue for identifying periods of different political parties.
- **Historical Context:** By analyzing the historical data, you can gain insights into potential correlations between party rule and market trends.
**How to Use:**
1. **Add the Indicator:** Add the "US Party Rule Indicator" to your chart.
2. **Interpret the Color:** The color of the 200-EMA indicates the ruling party at that time.
3. **Analyze Market Trends:** Use the indicator to identify potential correlations between political events and market movements.
**Note:** This indicator is for informational purposes only and should not be used as the sole basis for investment decisions. Always conduct thorough research and consider consulting with a financial advisor.
High/Low Location Frequency [LuxAlgo]The High/Low Location Frequency tool provides users with probabilities of tops and bottoms at user-defined periods, along with advanced filters that offer deep and objective market information about the likelihood of a top or bottom in the market.
🔶 USAGE
There are four different time periods that traders can select for analysis of probabilities:
HOUR OF DAY: Probability of occurrence of top and bottom prices for each hour of the day
DAY OF WEEK: Probability of occurrence of top and bottom prices for each day of the week
DAY OF MONTH: Probability of occurrence of top and bottom prices for each day of the month
MONTH OF YEAR: Probability of occurrence of top and bottom prices for each month
The data is displayed as a dashboard, which users can position according to their preferences. The dashboard includes useful information in the header, such as the number of periods and the date from which the data is gathered. Additionally, users can enable active filters to customize their view. The probabilities are displayed in one, two, or three columns, depending on the number of elements.
🔹 Advanced Filters
Advanced Filters allow traders to exclude specific data from the results. They can choose to use none or all filters simultaneously, inputting a list of numbers separated by spaces or commas. However, it is not possible to use both separators on the same filter.
The tool is equipped with five advanced filters:
HOURS OF DAY: The permitted range is from 0 to 23.
DAYS OF WEEK: The permitted range is from 1 to 7.
DAYS OF MONTH: The permitted range is from 1 to 31.
MONTHS: The permitted range is from 1 to 12.
YEARS: The permitted range is from 1000 to 2999.
It should be noted that the DAYS OF WEEK advanced filter has been designed for use with tickers that trade every day, such as those trading in the crypto market. In such cases, the numbers displayed will range from 1 (Sunday) to 7 (Saturday). Conversely, for tickers that do not trade over the weekend, the numbers will range from 1 (Monday) to 5 (Friday).
To illustrate the application of this filter, we will exclude results for Mondays and Tuesdays, the first five days of each month, January and February, and the years 2020, 2021, and 2022. Let us review the results:
DAYS OF WEEK: `2,3` or `2 3` (for crypto) or `1,2` or `1 2` (for the rest)
DAYS OF MONTH: `1,2,3,4,5` or `1 2 3 4 5`
MONTHS: `1,2` or `1 2`
YEARS: `2020,2021,2022` or `2020 2021 2022`
🔹 High Probability Lines
The tool enables traders to identify the next period with the highest probability of a top (red) and/or bottom (green) on the chart, marked with two horizontal lines indicating the location of these periods.
🔹 Top/Bottom Labels and Periods Highlight
The tool is capable of indicating on the chart the upper and lower limits of each selected period, as well as the commencement of each new period, thus providing traders with a convenient reference point.
🔶 SETTINGS
Period: Select how many bars (hours, days, or months) will be used to gather data from, max value as default.
Execution Window: Select how many bars (hours, days, or months) will be used to gather data from
🔹 Advanced Filters
Hours of day: Filter which hours of the day are excluded from the data, it accepts a list of hours from 0 to 23 separated by commas or spaces, users can not mix commas or spaces as a separator, must choose one
Days of week: Filter which days of the week are excluded from the data, it accepts a list of days from 1 to 5 for tickers not trading weekends, or from 1 to 7 for tickers trading all week, users can choose between commas or spaces as a separator, but can not mix them on the same filter.
Days of month: Filter which days of the month are excluded from the data, it accepts a list of days from 1 to 31, users can choose between commas or spaces as separator, but can not mix them on the same filter.
Months: Filter months to exclude from data. Accepts months from 1 to 12. Choose one separator: comma or space.
Years: Filter years to exclude from data. Accepts years from 1000 to 2999. Choose one separator: comma or space.
🔹 Dashboard
Dashboard Location: Select both the vertical and horizontal parameters for the desired location of the dashboard.
Dashboard Size: Select size for dashboard.
🔹 Style
High Probability Top Line: Enable/disable `High Probability Top` vertical line and choose color
High Probability Bottom Line: Enable/disable `High Probability Bottom` vertical line and choose color
Top Label: Enable/disable period top labels, choose color and size.
Bottom Label: Enable/disable period bottom labels, choose color and size.
Highlight Period Changes: Enable/disable vertical highlight at start of period
Multi-Timeframe Period Separators█ OVERVIEW
This indicator plots period separators for up to four higher timeframes. The separators are fully customizable and designed to work on any symbols.
█ FEATURES
Reference
You can choose to plot the separators starting from midnight 00:00 or the opening of the exchange trading session.
Timezone
You can specify to localize midnight 00:00 to the region of your liking. The timezone format conveniently requires no manual adjustment during clock changes.
█ NOTES
Scans the bar opening and closing times
The script checks the bar ` time ` and ` time_close ` to pinpoint the separators that can occur intrabar.
Tracks from the last separator
The script tracks the time elapsed since the last separator, which is useful when there is no trading activity or the market is closed. As it can result in missing bars, it plots the separator on the first available bar.
Others
The script automatically hides the separators when navigating to an equal or higher chart timeframe.
Bg color with 5 Date and 3 Time each by nitesh Bg color with 5 Date and 3Time each by nitesh this indicator will plot background color on the chart on your selected date and time spaan it hase three time spaan you can select time according to your need i have created this indicator to backtest time based price movments may this be helpful to you too (jai shree ram)
Pulse DPO: Major Cycle Tops and Bottoms█ OVERVIEW
Pulse DPO is an oscillator designed to highlight Major Cycle Tops and Bottoms .
It works on any market driven by cycles. It operates by removing the short-term noise from the price action and focuses on the market's cyclical nature.
This indicator uses a Normalized version of the Detrended Price Oscillator (DPO) on a 0-100 scale, making it easier to identify major tops and bottoms.
Credit: The DPO was first developed by William Blau in 1991.
█ HOW TO READ IT
Pulse DPO oscillates in the range between 0 and 100. A value in the upper section signals an OverBought (OB) condition, while a value in the lower section signals an OverSold (OS) condition.
Generally, the triggering of OB and OS conditions don't necessarily translate into swing tops and bottoms, but rather suggest caution on approaching a market that might be overextended.
Nevertheless, this indicator has been customized to trigger the signal only during remarkable top and bottom events.
I suggest using it on the Daily Time Frame , but you're free to experiment with this indicator on other time frames.
The indicator has Built-in Alerts to signal the crossing of the Thresholds. Please don't act on an isolated signal, but rather integrate it to work in conjunction with the indicators present in your Trading Plan.
█ OB SIGNAL ON: ENTERING OVERBOUGHT CONDITION
When Pulse DPO crosses Above the Top Threshold it Triggers ON the OB signal. At this point the oscillator line shifts to OB color.
When Pulse DPO enters the OB Zone, please beware! In this Area the Major Players usually become Active Sellers to the Public. While the OB signal is On, it might be wise to Consider Selling a portion or the whole Long Position.
Please note that even though this indicator aims to focus on major tops and bottoms, a strong trending market might trigger the OB signal and stay with it for a long time. That's especially true on young markets and on bubble-mode markets.
█ OB SIGNAL OFF: EXITING OVERBOUGHT CONDITION
When Pulse DPO crosses Below the Top Threshold it Triggers OFF the OB signal. At this point the oscillator line shifts to its normal color.
When Pulse DPO exits the OB Zone, please beware because a Major Top might just have occurred. In this Area the Major Players usually become Aggressive Sellers. They might wind up any remaining Long Positions and Open new Short Positions.
This might be a good area to Open Shorts or to Close/Reverse any remaining Long Position. Whatever you choose to do, it's usually best to act quickly because the market is prone to enter into panic mode.
█ OS SIGNAL ON: ENTERING OVERSOLD CONDITION
When Pulse DPO crosses Below the Bottom Threshold it Triggers ON the OS signal. At this point the oscillator line shifts to OS color.
When Pulse DPO enters the OS Zone, please beware because in this Area the Major Players usually become Active Buyers accumulating Long Positions from the desperate Public.
While the OS signal is On, it might be wise to Consider becoming a Buyer or to implement a Dollar-Cost Averaging (DCA) Strategy to build a Long Position towards the next Cycle. In contrast to the tops, the OS state usually takes longer to resolve a major bottom.
█ OS SIGNAL OFF: EXITING OVERSOLD CONDITION
When Pulse DPO crosses Above the Bottom Threshold it Triggers OFF the OS signal. At this point the oscillator line shifts to its normal color.
When Pulse DPO exits the OS Zone, please beware because a Major Bottom might already be in place. In this Area the Major Players become Aggresive Buyers. They might wind up any remaining Short Positions and Open new Long Positions.
This might be a good area to Open Longs or to Close/Reverse any remaining Short Positions.
█ WHY WOULD YOU BE INTERESTED IN THIS INDICATOR?
This indicator is built over a solid foundation capable of signaling Major Cycle Tops and Bottoms across many markets. Let's see some examples:
Early Bitcoin Years: From 0 to 1242
This chart is in logarithmic mode in order to properly display various exponential cycles. Pulse DPO is properly signaling the major early highs from 9-Jun-2011 at 31.50, to the next one on 9-Apr-2013 at 240 and the epic top from 29-Nov-2013 at 1242.
Due to the massive price movements, the OB condition stays pinned during most of the exponential price action. But as you can see, the OB condition quickly vanishes once the Cycle Top has been reached. As the market matures, the OB condition becomes more exceptional and triggers much closer from the Cycle Top.
With regards to Cycle Bottoms, the early bottom of 2 after having peaked at 31.50 doesn’t get captured by the indicator. That is the only cycle bottom that escapes the Pulse DPO when the bottom threshold is set at a value of 5. In that event, the oscillator low reached 6.95.
Bitcoin Adoption Spreading: From 257 to 73k
This chart is in logarithmic mode in order to properly display various exponential cycles. Pulse DPO is properly signaling all the major highs from 17-Dec-2017 at 19k, to the next one on 14-Apr-2021 at 64k and the most recent top from 9-Nov-2021 at 68k.
During the massive run of 2017, the OB condition still stayed triggered for a few weeks on each swing top. But on the next cycles it started to signal only for a few days before each swing top actually happened. The OB condition during the last cycle top triggered only for 3 days. Therefore the signal grows in focus as the market matures.
At the time of publishing this indicator, Bitcoin printed a new All Time High (ATH) on 13-Mar-2024 at 73k. That run didn’t trigger the OB condition. Therefore, if the indicator is correct the Bitcoin market still has some way to grow during the next months.
With regards to Cycle Bottoms, the bottom of 3k after having peaked at19k got captured within the wide OS zone. The bottom of 15k after having peaked at 68k got captured too within the OS accumulation area.
Gold
Pulse DPO behaves surprisingly well on a long standing market such as Gold. Moving back to the 197x years it’s been signaling most Cycle Tops and Bottoms with precision. During the last cycle, it shows topping at 2k and bottoming at 1.6k.
The current price action is signaling OB condition in the range of 2.5k to 2.7k. Looking at past cycles, it tends to trigger on and off at multiple swing tops until reaching the final cycle top. Therefore this might indicate the first wave within a potential gold run.
Oil
On the Oil market, we can see that most of the cycle tops and bottoms since the 80s got signaled. The only exception being the low from 2020 which didn’t trigger.
EURUSD
On Forex markets the Pulse DPO also behaves as expected. Looking back at EURUSD we can see the marketing triggering OB and OS conditions during major cycle tops and bottoms from recent times until the 80s.
S&P 500
On the S&P 500 the Pulse DPO catched the lows from 2016 and 2020. Looking at present price action, the recent ATH didn’t trigger the OB condition. Therefore, the indicator is allowing room for another leg up during the next months.
Amazon
On the Amazon chart the Pulse DPO is mirroring pretty accurately the major swings. Scrolling back to the early 2000s, this chart resembles early exponential swings in the crypto space.
Tesla
Moving onto a younger tech stock, Pulse DPO captures pretty accurately the major tops and bottoms. The chart is shown in logarithmic scale to better display the magnitude of the moves.
█ SETTINGS
This indicator is ideal for identifying major market turning points while filtering out short-term noise. You are free to adjust the parameters to align with your preferred trading style.
Parameters : This section allows you to customize any of the Parameters that shape the Oscillator.
Oscillator Length: Defines the period for calculating the Oscillator.
Offset: Shifts the oscillator calculation by a certain number of periods, which is typically half the Oscillator Length.
Lookback Period: Specifies how many bars to look back to find tops and bottoms for normalization.
Smoothing Length: Determines the length of the moving average used to smooth the oscillator.
Thresholds : This section allows you to customize the Thresholds that trigger the OB and OS conditions.
Top: Defines the value of the Top Threshold.
Bottom: Defines the value of the Bottom Threshold.
2024 - Median High-Low % Change - Monthly, Weekly, DailyDescription:
This indicator provides a statistical overview of Bitcoin's volatility by displaying the median high-to-low percentage changes for monthly, weekly, and daily timeframes. It allows traders to visualize typical price fluctuations within each period, supporting range and volatility-based trading strategies.
How It Works:
Calculation of High-Low % Change: For each selected timeframe (monthly, weekly, and daily), the script calculates the percentage change from the high to the low price within the period.
Median Calculation: The median of these high-to-low changes is determined for each timeframe, offering a robust central measure that minimizes the impact of extreme price swings.
Table Display: At the end of the chart, the script displays a table in the top-right corner with the median values for each selected timeframe. This table is updated dynamically to show the latest data.
Usage Notes:
This script includes input options to toggle the visibility of each timeframe (monthly, weekly, and daily) in the table.
Designed to be used with Bitcoin on daily and higher timeframes for accurate statistical insights.
Ideal for traders looking to understand Bitcoin's typical volatility and adjust their strategies accordingly.
This indicator does not provide specific buy or sell signals but serves as an analytical tool for understanding volatility patterns.
Global OECD CLI Diffusion Index YoY vs MoMThe Global OECD Composite Leading Indicators (CLI) Diffusion Index is used to gauge the health and directional momentum of the global economy and anticipate changes in economic conditions. It usually leads turning points in the economy by 6 - 9 months.
How to read: Above 50% signals economic expansion across the included countries. Below 50% signals economic contraction.
The diffusion index component specifically shows the proportion of countries with positive economic growth signals compared to those with negative or neutral signals.
The OECD CLI aggregates data from several leading economic indicators including order books, building permits, and consumer and business sentiment. It tracks the economic momentum and turning points in the business cycle across 38 OECD member countries and several other Non-OECD member countries.
Trend Continuation RatioThis TradingView indicator calculates the likelihood of consecutive bullish or bearish days over a specified period, giving insights into day-to-day continuation patterns within the market.
How It Works
Period Length Input:
The user sets the period length (e.g., 20 days) to analyze.
After each period, the counts reset, allowing fresh data for each new interval.
Bullish and Bearish Day Definitions:
A day is considered bullish if the closing price is higher than the opening price.
A day is considered bearish if the closing price is lower than the opening price.
Count Tracking:
Within each specified period, the indicator tracks:
Total Bullish Days: The number of days where the close is greater than the open.
Total Bearish Days: The number of days where the close is less than the open.
Bullish to Bullish Continuations: Counts each instance where a bullish day is followed by another bullish day.
Bearish to Bearish Continuations: Counts each instance where a bearish day is followed by another bearish day.
Calculating Continuation Ratios:
The Bullish Continuation Ratio is calculated as the percentage of bullish days that were followed by another bullish day:
Bullish Continuation Ratio = (Bullish to Bullish Continuations /Total Bullish Days)×100
Bullish Continuation Ratio=( Total Bullish Days/Bullish to Bullish Continuations )×100
The Bearish Continuation Ratio is the percentage of bearish days followed by another bearish day:
Bearish Continuation Ratio = (Bearish to Bearish Continuations/Total Bearish Days)×100
Bearish Continuation Ratio=( Total Bearish Days/Bearish to Bearish Continuations )×100
Display on Chart:
The indicator displays a table in the top-right corner of the chart with:
Bullish Continuation Ratio (%): Percentage of bullish days that led to another bullish day within the period.
Bearish Continuation Ratio (%): Percentage of bearish days that led to another bearish day within the period.
Usage Insights
High Ratios: If the bullish or bearish continuation ratio is high, it suggests a trend where bullish/bearish days often lead to similar days, indicating possible momentum.
Low Ratios: Low continuation ratios indicate frequent reversals, which could suggest a range-bound or volatile market.
This indicator is helpful for assessing short-term trend continuation tendencies, allowing traders to gauge whether they are more likely to see follow-through on bullish or bearish days within a chosen timeframe.
Average Up and Down Candles Streak with Predicted Next CandleThis indicator is designed to analyze price trends by examining the patterns of up and down streaks (consecutive bullish or bearish candles) over a defined period. It uses this data to provide insights on whether the next candle is likely to be bullish or bearish, and it visually displays relevant information on the chart.
Here’s a breakdown of what the indicator does:
1. Inputs and Parameters
Period (Candles): Defines the number of candles used to calculate the average length of bullish and bearish streaks. For example, if the period is set to 20, the indicator will analyze the past 20 candles to determine average up and down streak lengths.
Bullish/Bearish Bias Signal Toggle: These options allow users to show or hide visual signals (green or red circles) when there’s a bullish or bearish bias in the trend based on the indicator’s calculations.
2. Streak Calculation
The indicator looks at each candle within the period to identify if it closed up (bullish) or down (bearish).
Up Streak: The indicator counts consecutive bullish candles. When there’s a bearish candle, it resets the up streak count.
Down Streak: Similarly, it counts consecutive bearish candles and resets when a bullish candle appears.
Averages: Over the defined period, the indicator calculates the average length of up streaks and average length of down streaks. This provides a baseline to assess whether the current streak is typical or extended.
3. Current and Average Streak Display
The indicator displays the current up and down streak lengths alongside the average streak lengths for comparison. This data appears in a table on the chart, allowing you to see at a glance:
The current streak length (for both up and down trends)
The average streak length for up and down trends over the chosen period
4. Trend Prediction for the Next Candle
Next Candle Prediction: Based on the current streak and its comparison to the average, the indicator predicts the likely direction of the next candle:
Bullish: If the current up streak is shorter than the average up streak, suggesting that the bullish trend could continue.
Bearish: If the current down streak is shorter than the average down streak, indicating that the bearish trend may continue.
Neutral: If the current streak length is near the average, which could signal an upcoming reversal.
This prediction appears in a table on the chart, labeled as “Next Candle.”
5. Previous Candle Analysis
The Previous Candle entry in the table reflects the last completed candle (directly before the current candle) to show whether it was bullish, bearish, or neutral.
This data gives a reference point for recent price action and helps validate the next candle prediction.
6. Visual Signals and Reversal Zones
Bullish/Bearish Bias Signals: The indicator can plot green circles on bullish bias and red circles on bearish bias to highlight points where the trend is likely to continue.
Reversal Zones: If the current streak length reaches or exceeds the average, it suggests the trend may be overextended, indicating a potential reversal zone. The indicator highlights these zones with shaded backgrounds (green for possible bullish reversal, red for bearish) on the chart.
Summary of What You See on the Chart
Bullish and Bearish Bias Signals: Green or red circles mark areas of expected continuation in the trend.
Reversal Zones: Shaded areas in red or green suggest that the trend might be about to reverse.
Tables:
The Next Candle prediction table displays the trend direction of the previous candle and the likely trend of the next candle.
The Streak Information table shows the current up and down streak lengths, along with their averages for easy comparison.
Practical Use
This indicator is helpful for traders aiming to understand trend momentum and potential reversals based on historical patterns. It’s particularly useful for swing trading, where knowing the typical length of bullish or bearish trends can help in timing entries and exits.
