[EmreKb] Santa Clause🎅 Ho Ho Ho! Santa Claus on Your Chart! 🎅
Bring the holiday spirit to your charts with this special Pine Script indicator! Add a cheerful Santa Claus drawing to your charts and celebrate the most wonderful time of the year. 🎄✨
This indicator is purely for fun and designed to spread joy and festive vibes within the Pine Script community. Whether you’re a charting enthusiast or just looking to embrace the holiday cheer, this indicator brings the magic of Santa Claus directly to your charts.
Educational
Trend Followermix of trader_xo and btc_charlie EMAs.
charlie_slowEMA_period = 50
charlie_fastEMA_period = 10
xo_slowEMA_period = 21
xo_fastEMA_period = 12
uses above EMAs to publish the trend. feel free to copy and update
BullsndBearss - Magic IndicatorHello everyone!
Hope all are doing great!
This indicator is specifically merged for the benefits of free trading view users. Since as you all know we can only use 2indicators at a time in the free version of the trading view. So was working on collecting some powerful indicators which is already exist in the market and also which we are using it on our daily trading journey which gives more accurate results.
Collecting and combining (that’s why I mentioned as “merged” in the 1st line) is one of the tedious process than the new script making, but its pretty excited and challenging job to do.
This MAGIC indicator is a spicy combo of 10 indicators (CPR, MOVING AVERAGES etc..), which will work better in 5,15 & 30mins timeframe too. Even for scalping it will give good results in 1&3mins time frame. I have back tested it for past 2months and felt this the time to reveal this indicator with you all.
I have explained more in details about this indicator in my YouTube channel, watch out for better understanding.
This indicator works well in INDIAN MARKET (OPTIONS, SCTOKS, STOCK OPTIONS) and more importantly this indicator works well in CRYTPO, FOREX & COMMODIITY markets as well.
INDIAN MARKET:
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NIFTY
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BANKNIFTY
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CRPTO, FOREX & COMMODITY:
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BTCUSD
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EURO/USD
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GOLD
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USOIL
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JUST BACK TEST THIS INDICATOR BY YOURSELF IN PAPER / DEMO TRADING AND SEE THE RESULTS. NCE YOU ARE STATISFIED AND CONFIDENT THEN MOVE INTO LIVE TRADING.
"LETS LEARN TOGETHER & GROW TOGETHER"
Experienced traders SignalsDISCLAIMER:
This indicator as my first ever Tradingview indicator, has been developed for my personal trading analysis, consolidating various powerful indicators that I frequently use. A number of the embedded indicators within this tool are the creations of esteemed Pine Script developers from the TradingView community. In recognition of their contributions, the names of these developers will be prominently displayed alongside the respective indicator names. My selection of these indicators is rooted in my own experience and reflects those that have proven most effective for me. Please note that the past performance of any trading system or methodology is not necessarily indicative of future results. Always conduct your own research and due diligence before using any indicator or tool.
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Introducing the ultimate all-in-one Experienced traders indicator, With over 30+ famous indicators (some with custom configuration/settings) indicators included, you now have the power to mix and match to create your own custom strategy for shorter time or longer time frames depending on your trading style. Say goodbye to cluttered charts and manual/visual confirmation of multiple indicators and hello to endless possibilities with this indicator.
What it does
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This indicator basically help users to do 2 things:
1) Strategy Builder
With more than 30 indicators available, you can select any combination you prefer and the indicator will generate buy and sell signals accordingly. Alternative to the time-consuming process of manually confirming signals from multiple indicators! This indicator streamlines the process by automatically printing buy and sell signals based on your chosen combination of indicators. No more staring at the screen for hours on end, simply set up alerts and let the indicator do the work for you.
Available indicators that you can choose to build your strategy, are coded to seamlessly print the BUY and SELL signal upon confirmation of all selected indicators:
EMA Filter
2 EMA Cross
3 EMA Cross
Range Filter (Guikroth)
SuperTrend
Ichimoku Cloud
SuperIchi (LuxAlgo)
B-Xtrender (QuantTherapy)
Bull Bear Power Trend (Dreadblitz)
VWAP
BB Oscillator (Veryfid)
Trend Meter (Lij_MC)
Chandelier Exit (Everget)
CCI
Awesome Oscillator
DMI ( Adx )
Parabolic SAR
Waddah Attar Explosion (Shayankm)
Volatility Oscillator (Veryfid)
Damiani Volatility ( DV ) (RichardoSantos)
Stochastic
RSI
MACD
SSL Channel (ErwinBeckers)
Schaff Trend Cycle ( STC ) (LazyBear)
Chaikin Money Flow
Volume
Wolfpack Id (Darrellfischer1)
QQE Mod (Mihkhel00)
Hull Suite (Insilico)
Vortex Indicator
Heikin-ashi candles
Choppiness Index
Detrended Price Oscillator (DPO)
William Fractal
Fair Value Gap (FVG)
Pivots
EMA
Support/Resistance (HeWhoMustNotBeNamed)
Supply/ Demand Zone ( SMC ) (Pmgjiv)
Parabolic SAR
Ichimoku Cloud
Superichi (LuxAlgo)
SuperTrend
Range Filter (Guikroth)
Average True Range (ATR)
VWAP
Schaff Trend Cycle ( STC ) (LazyBear)
PVSRA (TradersReality)
Liquidity Zone/Vector Candle Zone (TradersReality)
Market Sessions (Aurocks_AIF)
how to use this indicator
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Using the indicator is pretty simple, but it depends on your goal, whether you want to use it for overlaying the available indicators or using it to build your strategy or for both.
To use for Building your strategy: Select your LEADING INDICATOR, and then select your CONFIRMATION INDICATOR(s). if on candle close all the indicators generate signal, then this indicator will print SHORT or LONG signal on the chart for your entry. There are plenty of indicators you can use to build your strategy, some indicators are best for longer time frame setups while others are responsive indicators that are best for short time frame.
To use for overlaying the indicators: Open the setting of this indicator and scroll to the SWITCHBOARD section, from there you can select which indicator you want to plot on the chart.
For each of the listed indicators, you have the flexibility to customize the settings and configurations to suit your preferences. simply open indicator setting and scroll down, you will find configuration for each of the indicators used.
BT Custom Moving Averages (410, 130, 150, 770 Days)Custom Moving Averages: This refers to a set of moving averages calculated over specific time periods, tailored to unique analytical needs. The moving averages in this case are based on the following day intervals:
410-Day Moving Average: Tracks the trend over a long-term period of 410 days.
130-Day Moving Average: Represents a medium-term trend, offering insight into shorter fluctuations compared to the 410-day average.
150-Day Moving Average: Similar to the 130-day average but slightly longer, providing a nuanced view of medium-term movements.
770-Day Moving Average: Captures ultra-long-term trends, smoothing out the effects of seasonal or cyclical variations.
These moving averages are customized to provide a comprehensive view of trends across multiple time horizons, often used for specialized analysis in fields like finance, trading, or data science.
Enhanced 20 SMA Wave with Multiple FiltersThis advanced trading script blends the simplicity of a 20-period Simple Moving Average (SMA) with optional confirmation filters and a visually dynamic wave effect. Designed to cater to traders of all levels, this indicator offers unparalleled customization and precision, making it an essential tool for informed decision-making.
Key Features
1. 20 SMA Wave Visualization:
A visually engaging wave effect dynamically wraps around the 20 SMA, making it easy to identify bullish and bearish conditions at a glance.
Personalize your chart by customizing:
Wave thickness and opacity.
Colors for bullish and bearish zones.
2. Optional Filters for Enhanced Signal Accuracy:
Elevate the reliability of your trading signals by enabling one or more of the following filters:
RSI (Relative Strength Index): Configure overbought and oversold thresholds for momentum-based confirmation.
CCI (Commodity Channel Index): Identify extreme conditions to better time entries and exits.
MACD (Moving Average Convergence Divergence): Filter trades using crossover-based trend signals.
Stochastic Oscillator: Refine entries by identifying overbought and oversold market states.
3. Dynamic Signal Alerts:
Get real-time BUY/SELL alerts based on SMA price crossovers, enhanced by the filters you’ve enabled.
Fully compatible with TradingView’s notification system for desktop, mobile, and email alerts.
4. Visual Markers for Easy Interpretation:
Clear BUY/SELL markers are plotted directly on the chart to display precise trading signals.
Perfect for backtesting or live trading sessions.
5. Fully Customizable Settings:
Adjust the SMA length, wave opacity, and filter settings to suit your trading style—whether you're a scalper, swing trader, or trend follower.
Enable or disable specific filters to align the indicator with your preferred strategy, providing full flexibility and control.
How It Works
Buy Signal: Triggered when the price crosses above the SMA, combined with confirmation from any active filters.
Sell Signal: Triggered when the price crosses below the SMA, filtered by bearish confirmations.
This indicator adapts to your needs: choose which filters to activate for tailored precision that matches your trading approach.
Who Should Use This Indicator?
This tool is ideal for:
Day Traders: Focus on short-term opportunities with high precision.
Swing Traders: Analyze trends with the added context of confirmation filters.
Trend Followers: Stay on the right side of the market with dynamic wave visualization and alerts.
Whether you’re just starting or a seasoned trader, the Enhanced 20 SMA Wave helps you make more confident trading decisions.
Disclaimer
This script is for educational and informational purposes only. Trading carries significant risks, and no indicator can guarantee success. Always trade with proper risk management and use this tool as part of a well-rounded strategy.
RSI with Horizontal Levels by SSEI MarketsFeatures :
RSI Calculation :
The RSI is calculated based on the default 14-period length.
The plot color changes based on RSI values:
Red: RSI above 70 (Overbought).
Green: RSI below 30 (Oversold).
White: RSI between 30 and 70.
Horizontal Lines :
70 (Overbought): Solid red.
30 (Oversold): Solid green.
50 (Baseline): Dotted gray.
60 (Upper Neutral): Dashed red.
40 (Lower Neutral): Dashed red.
RSI with Horizontal Levels by SSEI MarketsFeatures :
RSI Calculation :
The RSI is calculated based on the default 14-period length.
The plot color changes based on RSI values:
Red: RSI above 70 (Overbought).
Green: RSI below 30 (Oversold).
White: RSI between 30 and 70.
Horizontal Lines :
70 (Overbought): Solid red.
30 (Oversold): Solid green.
50 (Baseline): Dotted gray.
60 (Upper Neutral): Dashed red.
40 (Lower Neutral): Dashed red.
MACD with DivergencesHere’s a comprehensive explanation of the MACD (Moving Average Convergence Divergence) indicator using the provided chart as a reference:
1. Key Components of the MACD Indicator
MACD Line (Blue Line):
It represents momentum in the market.
Significance: Indicates the strength and direction of a trend.
Signal Line (Red Line):
This acts as a trigger for buy or sell signals.
Significance: Helps confirm potential trend reversals or continuations.
Histogram (Green and Red Bars):
Represents the difference between the MACD Line and the Signal Line.
Significance: Visualizes momentum changes:
Positive histogram (green): Bullish momentum.
Negative histogram (red): Bearish momentum.
2. Identifying Trade Signals
Bullish Crossover:
When the MACD Line crosses above the Signal Line, it indicates upward momentum and a potential buy signal.
Bearish Crossover:
When the MACD Line crosses below the Signal Line, it indicates downward momentum and a potential sell signal.
Divergence:
Bullish Divergence: Price makes lower lows, but the MACD makes higher lows, suggesting a potential upward reversal (marked in the chart).
Bearish Divergence: Price makes higher highs, but the MACD makes lower highs, suggesting a potential downward reversal.
Overbought/Oversold Conditions:
While the MACD doesn’t directly indicate overbought or oversold conditions, extreme highs or lows in the MACD Line can signal market exhaustion.
3. Application in Trading Strategies
Short Term Trading:
On a 15-minute chart (like the one provided), traders can use crossovers to capture intraday momentum. For example:
Entry: Enter long positions on bullish crossovers.
Exit: Close positions when bearish crossovers occur.
Long Term Trading:
Use higher timeframes (e.g., daily charts) for trend confirmation and holding positions over weeks or months. Divergences are especially useful in identifying long-term trend reversals.
4. Interpreting MACD with Price Action
Confirming Trends:
If the price trends upward and the MACD histogram is green, it confirms the trend. Conversely, if the price is trending downward the red histogram validates the bearish trend.
Entry Points:
Enter trades on bullish crossovers or bullish divergence when supported by price action.
Exit Points:
Exit trades on bearish crossovers or when the histogram starts to shrink, indicating weakening momentum.
5. Common Mistakes and Tips
Mistakes:
Relying Solely on MACD: Using MACD without confirmation from other indicators or price action can lead to false signals.
Ignoring Timeframes: Misinterpreting MACD signals without considering the timeframe being analyzed.
Overtrading Crossovers: Not all crossovers lead to significant moves, especially in low-volatility markets.
Tips:
Combine indicators: Combine MACD with Heikin Ashi, support/resistance levels or RSI, and volume indicator for confirmation.
Check multiple timeframes: Use longer time frames to confirm trends and shorter timeframes for entry points.
Pay attention to divergences: Divergences are powerful indicators of potential reversals.
By understanding and applying the MACD indicator effectively, traders can enhance their ability to identify high-probability trade setups and improve overall trading performance.
RAVINDRA ADHIKARIThis indicator is based on simple moving average along with support & resistance level.
Disclaimer: I am not a SEBI registered, just for educational purpose created. Contact your financial avisor before investing. Thanks
Supertrend (Close Longs Only)Strategy Description: Supertrend (Close Longs Only)
This strategy uses the Supertrend indicator to manage long positions in the market. The Supertrend is calculated based on the Average True Range (ATR) and a user-defined multiplier (factor) to determine trend direction.
Purpose: The strategy focuses solely on exiting long trades when the trend changes to a downtrend, without taking any short positions.
How It Works:
Uptrend Detection: When the Supertrend is green, it indicates an uptrend suitable for long trades.
Downtrend Detection: When the Supertrend switches to red, it signals the end of the uptrend. At this point, an alert is triggered to close long positions.
Key Features:
Highly configurable with adjustable ATR length and multiplier for sensitivity.
Alerts are designed to notify the user when to exit long positions, ensuring timely actions.
This strategy is ideal for traders who prefer a conservative approach, focusing on managing long entries without engaging in short trades.
Supertrend (Close Longs Only)Strategy Description: Supertrend (Close Longs Only)
This strategy uses the Supertrend indicator to manage long positions in the market. The Supertrend is calculated based on the Average True Range (ATR) and a user-defined multiplier (factor) to determine trend direction.
Purpose: The strategy focuses solely on exiting long trades when the trend changes to a downtrend, without taking any short positions.
How It Works:
Uptrend Detection: When the Supertrend is green, it indicates an uptrend suitable for long trades.
Downtrend Detection: When the Supertrend switches to red, it signals the end of the uptrend. At this point, an alert is triggered to close long positions.
Key Features:
Highly configurable with adjustable ATR length and multiplier for sensitivity.
Alerts are designed to notify the user when to exit long positions, ensuring timely actions.
This strategy is ideal for traders who prefer a conservative approach, focusing on managing long entries without engaging in short trades.
G. Santostasi Power Law Cycle Comparison
G. Santostasi Power Law Cycle Comparison Indicator
The "G. Santostasi Power Law Cycle Comparison" indicator is a revolutionary tool designed to provide deep insights into Bitcoin's historical price behavior, based on the renowned G. Santostasi power law model. This indicator goes beyond simple trend analysis, leveraging the power law model to analyze Bitcoin's cyclical patterns by shifting and superimposing past cycles onto the current price action.
Key Features and Insights:
Cycle-Based Comparison:
The indicator divides each Bitcoin cycle into three distinct phases:
Exponential Growth Phase (Year 1): A year of near-exponential price appreciation, often associated with the post-halving effect and the inflow of new market participants.
Exponential Correction Phase (Year 2): A sharp, quasi-exponential price decline as the market corrects from speculative highs.
Power Law Growth Phase (Years 3 and 4): A steady and predictable price increase along the power law support line, representing Bitcoin’s intrinsic long-term value trajectory.
Visual Clarity:
By overlaying past cycles onto the current cycle, the indicator highlights recurring patterns, making it easy for investors to identify similarities and deviations in price behavior. This visual comparison helps pinpoint where we are within the current cycle.
Orientation Tool for Investors:
Provides a "map" of Bitcoin's price action across cycles, enabling investors to orient themselves and make more informed decisions.
Helps distinguish between short-term noise and long-term trends, offering a broader perspective on Bitcoin’s price trajectory.
Consistency and Coherence:
The indicator’s ability to show how Bitcoin cycles adhere to a consistent framework underscores its robustness and reliability. The distinct phases of growth, correction, and stabilization align perfectly with the power law model, offering a coherent narrative of Bitcoin’s market dynamics.
Utility for Risk Management and Strategy:
Investors can use this indicator to anticipate major price movements, identify overbought or oversold conditions within the context of the cycle, and plan entry or exit points based on historical patterns.
Uniqueness of the Indicator:
Unlike traditional indicators that focus solely on momentum or trend, the G. Santostasi Power Law Cycle Comparison is rooted in a scientific approach. By applying the power law model to Bitcoin's cyclical behavior, this tool offers unparalleled insights into the underlying mechanics of price action. The ability to compare current price dynamics with past cycles provides a unique perspective, revealing patterns that are often missed by conventional technical analysis.
Who Should Use This Indicator?
Long-Term Investors: Gain confidence in understanding Bitcoin’s price action over its multi-year cycles.
Active Traders: Identify key phases within the cycle to time market entries and exits.
Analysts and Researchers: Explore the fundamental consistency of Bitcoin’s power law behavior across cycles.
The "G. Santostasi Power Law Cycle Comparison" indicator is not just a tool; it’s a lens through which Bitcoin’s intricate market cycles can be viewed, understood, and navigated. By aligning historical context with current price action, this indicator empowers investors with clarity, foresight, and actionable insights.
BB Context PanelThe BB Context Panel indicator is designed to provide a customizable and informative overlay on your chart. It offers key contextual details to enhance your trading experience by combining essential market data, user-defined messages, and time-based insights in an easily accessible panel. Whether you use it for quick reference, sharing screenshots, or maintaining focus with motivational reminders, this tool adapts to your unique trading needs.
Key Features
1. Futures Contract Tracking:
• Automatically displays the current or nearest futures contract (e.g., MNQH5), including support for continuous contracts.
• Adjusts dynamically based on the quarterly roll schedule (March, June, September, December).
2. Time and Date Display:
• Choose to display either:
• Bar Time: Reflects the timestamp of the most recent bar.
• Current Time: Updates in real time based on your selected timezone.
• Formats the timestamp as hh:mm Day mm-dd-yy for easy readability.
3. Custom User Messages:
• Add personalized messages, motivational reminders, or trading affirmations (e.g., “Patience | Discipline | Confidence”).
• Supports multiline messages for greater customization.
4. Customizable Placement:
• Select from multiple placement options (e.g., Top Right, Bottom Left, etc.) to integrate seamlessly with your chart layout.
5. Time Zone Support:
• Supports a wide range of global time zones, ensuring accurate time synchronization based on your location or trading session preferences.
6. Clean and Minimalist Design:
• Aesthetic panel with customizable text and background colors for better integration with your chart theme.
• Bolded key information like contract symbols and timeframes for quick recognition.
How to Use
1. Enable the Context Panel:
• Select a location for the panel using the Show Chart Context Panel? setting (e.g., Top Right).
2. Choose Time Display:
• Decide whether to show Bar Time, Current Time, or disable the time display entirely (None).
3. Add Custom Messages:
• Use the Panel Message input to add motivational reminders, strategy notes, or any text you’d like to see during your trading sessions.
4. Set Your Time Zone:
• Configure the time zone using the Select Timezone dropdown to ensure time data aligns with your trading hours.
Example Use Cases
1. Screenshot-Friendly Context:
• Capture annotated screenshots with clear context, including contract symbol, timeframe, timestamp, and reminders.
2. Quick Market Overview:
• Use the panel to stay informed about the current futures contract and trading session details without cluttering your chart.
3. Trading Psychology Support:
• Display affirmations like “Patience | Discipline | Confidence” to help maintain focus and emotional discipline while trading.
Sniper Leverage Calculator - SYMBOLWhen building a leverage position using the laddering method, this calculator will allow you to easily determine the required Leverage increase and margin reduction/re-addition to achieve the desired new average entry price.
Sniper Leverage Calculator - SYMBOLWhen building a leverage position using the laddering method, this calculator will allow you to easily determine the required Leverage increase and margin reduction/re-addition to achieve the desired new average entry price.
Lara - K线包含关系合并 v0.1 Based on Chan Theory (缠论), this script simplifies candlestick charts (K線) by merging two overlapping candlesticks. The logic dynamically combines candlesticks into single entity. If two overlapping candlesticks form an upward relationship compared to the previous candlestick, the higher high and higher low are taken. Conversely, if they form a downward relationship, the lower high and lower low are taken.
Brazil Real Interest RateEste script foi criado para calcular e exibir a Taxa de Juros Real, permitindo compreender o impacto da inflação sobre os juros nominais do mercado. Ele utiliza dois indicadores principais: a taxa de juros nominal, que reflete os juros antes de considerar a inflação, e a taxa de inflação anual, que mede o aumento dos preços em um ano.
O script funciona da seguinte forma: ele obtém diariamente os dados da taxa de juros nominal (representada pelo contrato futuro DI1) e da inflação anual (indicada pelo BRIRYY). Esses valores são processados para calcular a taxa de juros real, utilizando a fórmula de Fisher, que ajusta os juros nominais ao descontar o efeito da inflação. O resultado é uma medida mais precisa do retorno ou custo real, considerando o poder de compra.
Depois de realizar o cálculo, o script exibe a Taxa de Juros Real diretamente no gráfico, representada por uma linha verde. Isso permite acompanhar, de forma clara e visual, como a inflação e os juros afetam o cenário econômico ao longo do tempo.
This script was created to calculate and display the Real Interest Rate, allowing us to understand the impact of inflation on nominal market interest rates. It uses two main indicators: the nominal interest rate, which reflects interest rates before considering inflation, and the annual inflation rate, which measures the increase in prices over a year.
The script works as follows: it obtains daily data on the nominal interest rate (represented by the DI1 futures contract) and annual inflation (indicated by BRIRYY). These values are processed to calculate the real interest rate, using the Fisher formula, which adjusts nominal interest rates by discounting the effect of inflation. The result is a more accurate measure of real return or cost, considering purchasing power.
After performing the calculation, the script displays the Real Interest Rate directly on the graph, represented by a green line. This allows you to monitor, clearly and visually, how inflation and interest rates affect the economic scenario over time.
Brazil Real Interest RateEste script foi criado para calcular e exibir a Taxa de Juros Real, permitindo compreender o impacto da inflação sobre os juros nominais do mercado. Ele utiliza dois indicadores principais: a taxa de juros nominal, que reflete os juros antes de considerar a inflação, e a taxa de inflação anual, que mede o aumento dos preços em um ano.
O script funciona da seguinte forma: ele obtém diariamente os dados da taxa de juros nominal (representada pelo contrato futuro DI1) e da inflação anual (indicada pelo BRIRYY). Esses valores são processados para calcular a taxa de juros real, utilizando a fórmula de Fisher, que ajusta os juros nominais ao descontar o efeito da inflação. O resultado é uma medida mais precisa do retorno ou custo real, considerando o poder de compra.
Depois de realizar o cálculo, o script exibe a Taxa de Juros Real diretamente no gráfico, representada por uma linha verde. Isso permite acompanhar, de forma clara e visual, como a inflação e os juros afetam o cenário econômico ao longo do tempo.
This script was created to calculate and display the Real Interest Rate, allowing us to understand the impact of inflation on nominal market interest rates. It uses two main indicators: the nominal interest rate, which reflects interest rates before considering inflation, and the annual inflation rate, which measures the increase in prices over a year.
The script works as follows: it obtains daily data on the nominal interest rate (represented by the DI1 futures contract) and annual inflation (indicated by BRIRYY). These values are processed to calculate the real interest rate, using the Fisher formula, which adjusts nominal interest rates by discounting the effect of inflation. The result is a more accurate measure of real return or cost, considering purchasing power.
After performing the calculation, the script displays the Real Interest Rate directly on the graph, represented by a green line. This allows you to monitor, clearly and visually, how inflation and interest rates affect the economic scenario over time.
FT SessionsFreedom Trading Sessions (FTS)
Overview
The Freedom Trading Sessions (FTS) is a versatile and highly customizable session-based indicator designed for intraday traders who rely on tracking global market sessions. This script highlights the Asia, Frankfurt, London, and New York (AM & PM) trading sessions on the chart, allowing users to visualize session ranges and identify key price movements.
Key Features:
Customizable Sessions:
Asia (23:00 - 07:00 UTC)
Frankfurt (07:00 - 08:00 UTC)
London (08:00 - 12:00 UTC)
New York AM (13:00 - 16:00 UTC)
New York PM (17:00 - 23:00 UTC)
Traders can enable or disable any session individually.
Session Range Visualization:
Displays the high and low ranges of each session using customizable colors.
Option to enable range labels for each session.
Outlines and transparent background ranges provide clear visibility.
Timezone Flexibility:
Supports customization of UTC offsets.
Option to use the exchange’s timezone for automatic adjustment.
User-Friendly Customization:
Transparent range areas with adjustable visibility.
Optional range outlines and session labels for clarity.
Compact settings make it easy to adjust the script to your preference.
How It Works:
Each trading session is defined by its start and end times.
When enabled, the indicator tracks the price action during the session and marks the session’s range (high and low) on the chart.
The session ranges are updated in real-time, helping traders monitor key support and resistance levels within each session.
How to Use:
Add the Freedom Trading Indicator to your chart.
Adjust the session times, colors, and visibility in the settings panel.
Monitor the session ranges to identify price breakouts, consolidations, or reversals.
Practical Application:
Intraday Trading: Use session ranges to plan trades around major market open and close times.
Breakout Strategies: Identify price breakouts above or below session highs/lows.
Session-Specific Patterns: Spot trading opportunities by observing price behavior within specific global sessions.
Important Notes:
This indicator works best on the 4H timeframe to align with session tracking. If applied to other timeframes, a message will notify users.
Traders can combine this indicator with other tools like volume, price action, or trend-following indicators for a complete trading system.
Credits:
This script was developed from scratch with inspiration from session tracking methods widely used by traders. Any use of similar concepts is purely coincidental and implemented uniquely in this script.
By focusing on session analysis, the Freedom Trading Sessions equips traders with a powerful tool to align their trades with global market activity.
Disclaimer: This script is for educational and informational purposes only. Always test indicators in a demo environment before using them in live markets.
