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Fair Value Gaps by DGTFair Value Gaps A refined, multi-timeframe Fair Value Gap (FVG) detection tool that brings institutional imbalance zones to life directly on your chart. Designed for precision, it visualizes how price delivers into inefficiencies across chart, higher, and lower (intrabar) timeframes — offering a fluid, structural view of liquidity displacement and market flow. The script continuously tracks unfilled, partially repaired, and fully resolved imbalances, revealing where liquidity inefficiencies concentrate and where price may seek rebalancing. Overlapping zones naturally expose institutional footprints, potential liquidity targets, and key re-pricing regions within the broader market structure. KEY FEATURES ⯌ Multi-Timeframe Detection Detect and display FVGs from the current chart, higher timeframes (HTF), or lower timeframes (LTF) ⯌ Smart Fill Tracking Automatic real-time monitoring of each FVG’s fill progress with live percentage updates ⯌ Custom Fill Logic Choose your preferred definition of when a gap is considered filled: Any Touch Midpoint Reached Wick Sweep Body Beyond ⯌ Dynamic Labels & Tooltips Labels can be toggled on/off. Even when hidden, detailed tooltips remain available by hovering over the FVG midpoint. ⯌ Adaptive Lower-Timeframe Mode When set to “Auto,” the script intelligently selects the optimal lower timeframe based on the chart resolution. DISCLAIMER This script is intended for informational and educational purposes only. It does not constitute financial, investment, or trading advice. All trading decisions made based on its output are solely the responsibility of the user.
Chỉ báo Pine Script®
của dgtrd
32
VWMA True Range | Lyro RSVWMA True Range | Lyro RS This script is a hybrid technical analysis tool designed to identify trends and spot potential reversals. It employs a consensus-based system that uses multiple smoothed, Volume-Weighted Moving Averages (VWMA) to generate both trend-following and counter-trend signals. Understanding the Indicator's Components The indicator plots a main line on a separate pane and provides visual alerts directly on the chart. The Main Line: This line represents a smoothed average of momentum scores derived from multiple VWMAs. Its direction and value are the foundation of the analysis. Signal Generation: The tool provides two distinct types of signals: Trend Signals: These trend-following signals ("⬆️Long" / "⬇️Short") activate when the indicator's consensus reaches a pre-set strength threshold, indicating sustained momentum in one direction. Reversal Signals: These counter-trend alerts ("📈Oversold" / "📉Overbought") trigger when the main line breaks a previous period's level, hinting at exhaustion and a potential short-term reversal. Visual Alerts: Colored Background: The indicator's background highlights during strong trend signals for added visual emphasis. Chart Shapes: Small circles appear on the main chart to mark where potential reversals are detected. Colored Candles: You can choose to color the price candles to reflect the current trend signal. Information Table: A compact table provides an at-a-glance summary of all currently active signals. Suggested Use and Interpretation Here are a few ways to incorporate this indicator into your analysis: Following the Trend: Use the "Long" or "Short" trend signals to align your trades with the prevailing market momentum. Spotting Reversals: Watch for "Oversold" or "Overbought" reversal signals, often accompanied by chart shapes, to identify potential market turning points. Combining Signals: Use the primary trend signal for context and look for reversal signals that may indicate a pullback within the larger trend, potentially offering favorable entry points. Customization Options: You can tailor the indicator's behavior and appearance through several settings: Core Settings: Adjust the Calculation Period and Smooth Length to make the main line more or less responsive to price movements. Signal Thresholds: Fine-tune the Long threshold and Short threshold to control how easily trend signals are triggered. Visual Settings: Toggle various visual elements like the indicator band, candle coloring, and the information table on or off. Table Settings: Customize where the information table appears and its size to suit your chart layout. ⚠️Disclaimer This indicator is a tool for technical analysis and does not guarantee future results. It should be used as part of a comprehensive trading strategy that includes other analysis techniques and strict risk management. The creators are not responsible for any financial decisions made based on its signals.
Chỉ báo Pine Script®
của LyroRS
2
Dynamic 21 SMA Zone S/R (Weekly and 2-Day)This custom indicator creates a dynamic support and resistance zone based on the 21-period Simple Moving Average (SMA) from the weekly timeframe and the 21-period SMA from the 2-day timeframe. The zone is visible and functional across all chart timeframes, adapting seamlessly to provide multi-timeframe insights. Color Logic: Green: When the current price is fully above the upper boundary of the zone, indicating potential bullish strength or a support level. Gray: When the price is fully below the lower boundary, signaling potential bearish pressure or a resistance level. Light Blue: When the price is within the zone (between the two SMAs), representing a neutral "no man's land" where the market is indecisive. As the two SMAs converge or diverge, the zone naturally thins or widens, visually reflecting changes in market momentum—such as a thinning green zone during a potential reversal. Ideal for higher-timeframe swing trading to identify key levels, this indicator is also useful on lower timeframes for gauging the relative position of these SMAs, helping traders align short-term moves with broader trends.
Chỉ báo Pine Script®
của ThomasPg
Asian, UK & NY SessionTimes and Day Highs and LowsWhat It Does The Asian, UK & NY Sessions indicator automatically identifies and highlights the three major global trading sessions on your chart. For each session, it: Detects session time in its local timezone. Tracks the session’s highest and lowest prices. Plots colored horizontal lines to show those levels throughout the trading day. Optionally shades each session’s background in its signature color for instant visual context: 🟡 Asian Session: Yellow background 🔴 London Session: Red background 🔵 New York Session: Blue background This helps traders see how price reacts within and between sessions — spotting overlaps, liquidity zones, and daily ranges. ⚙️ Inputs and Variables Input Description Extend lines until next session start (extendLines) Extends each session’s high/low lines forward until the next session begins. Show prices in scale column (showScaleValues) Controls whether the price labels for session highs/lows appear on the chart’s right-hand price scale. Show All Session Highs & Lows (showAllHighsLows) Master switch — turn this off to hide all session lines instantly, keeping the chart clean. Show Session Backgrounds (showBackgrounds) Turns all background shading on or off. When off, all session colors disappear. Background Opacity (bgOpacityAll) Adjusts the transparency for all session backgrounds (0 = solid, 100 = fully transparent). 🎨 Visual Color Scheme Session Background High/Low Line Asian Yellow Green London Red Red New York Blue Blue Each color has a consistent role — making it easy to distinguish sessions even in replay or live view. Price Tracking: For each session, the indicator resets High and Low when the new session starts, then updates them as bars print. Display Control: If lines or backgrounds are disabled via settings, they’re completely hidden (no clutter, no partial transparency). 💡 How Traders Use It Identify daily ranges in each global session. Compare volatility between markets. Align entries or exits with session transitions. Observe how price respects previous session highs/lows.
Chỉ báo Pine Script®
của crowboy9798
Crypto Mean Reversion System (Pullback & Bounce)Mean Reversion Theory The indicator operates on the principle that extreme price movements in crypto markets tend to revert toward their mean over time. Consider this a valuable aid for your dollar-cost averaging strategy, effectively identifying periods ripe for accumulating or divesting from the market. Research shows that: Short-term momentum often persists briefly after surges, but extreme moves trigger mean reversion Sharp drops exhibit strong bounce patterns, especially after capitulation events Longer timeframes (7-day) show stronger mean reversion tendencies than shorter ones (1-day) Timeframe Analysis 1-Day Timeframe Pullback probabilities: 45-85% depending on surge magnitude Bounce probabilities: 55-95% depending on drop severity Captures immediate overextension and panic selling More volatile but faster signal generation 7-Day Timeframe Pullback probabilities: 50-90% (higher confidence) Bounce probabilities: 50-90% (slightly moderated) Filters out noise and identifies sustained trends Stronger mean reversion signals due to extended moves Probability Tiers Pullback Risk (After Surges) Moderate (45-60%): 5-10% surge → Expected -3% to -12% pullback High (55-70%): 10-15% surge → Expected -5% to -18% pullback Very High (65-80%): 15-25% surge → Expected -10% to -25% pullback Extreme (75-90%): 25%+ surge → Expected -15% to -40% pullback Bounce Probability (After Drops) Moderate (55-65%): -5% to -10% drop → Expected +3% to +10% bounce High (65-75%): -10% to -15% drop → Expected +6% to +18% bounce Very High (75-85%): -15% to -25% drop → Expected +10% to +30% bounce Extreme (85-95%): -25%+ drop → Expected +18% to +45% bounce The probability ranges are derived from: Crypto volatility patterns: Higher volatility than traditional assets creates stronger mean reversion Behavioral finance: Extreme moves trigger emotional trading (FOMO/panic) that reverses Historical backtesting: Probability estimates based on typical reversion patterns in crypto markets Timeframe correlation: Longer timeframes show increased reversion probability due to reduced noise Key Features Dual-direction signals: Identifies both overbought (pullback) and oversold (bounce) conditions Multi-timeframe confirmation: 1D and 7D analysis for different trading styles Customizable thresholds: Adjust sensitivity based on asset volatility Visual alerts: Color-coded labels and table for quick assessment Risk categorization: Clear severity levels for position sizing
Chỉ báo Pine Script®
của Zorgs
3-1-2 Strat Combo by NaturalBelleThe 3-1-2 Strat Combo by NaturalBelle automatically detects and highlights one of The Strat’s most powerful reversal patterns — the 3-1-2 setup. When a 3 (outside bar) is followed by a 1 (inside bar) and then a 2 that breaks direction, this script plots yellow triangles and draws yellow box zones across the sequence, giving traders a clean visual cue for potential reversals or continuations. Features: Highlights both bullish (3-1-2-Up) and bearish (3-1-2-Down) sequences Draws yellow boxes covering the 3-1-2 structure for easy zone recognition Optional text labels for clarity Adjustable box extension and transparency Built-in alert conditions for both up and down setups This clean, no-clutter version focuses purely on price action — no indicators, no noise. Just the pattern. 🟡 Best used on: Any timeframe 🟡 Strategy: Combine with market structure, EMAs, or supply & demand zones for confirmation Created by NaturalBelle — keeping Strat analysis simple, visual, and precise.
Chỉ báo Pine Script®
của NaturalBelle
2
TRADALOGIX A-Setup Mentoring Checklist97% of traders (new or old) sometime forget that to win the markets consistently, you have to be consistent in your thought process as well. Many that come to me desire only to know the secrets to my trading success. And I ask the same question to each and everyone: What are your steps in finding, validating & executing the best trade possible? Majority of the times, they know of only 3-5 points to consider when trading. Hence the reason why many traders fail. This led me down to compiling a 1000 trader survey. It resulted in finding the reasons for trader failures. Most traders were unaware of some of the critical steps in finding, validating & executing the A-Setup trade of the day. Once launched, you will find the critical steps in processing your setup. No one item should be ignored if you are seeking consistency in your trading. Good luck.
Chỉ báo Pine Script®
của DrPipstone
Fractals & SweepThe Fractals & Sweep indicator is designed to identify key market structure points (fractals) and detect potential liquidity sweeps around those areas. It visually highlights both Bill Williams fractals and regular fractals, and alerts the user when the market sweeps liquidity above or below the most recent fractal levels. Fractal Recognition: Detects both bullish (low) and bearish (high) fractals on the price chart. Users can choose between: Bill Williams fractal logic (default), or Regular fractal logic (when the “Filter Bill Williams Fractals” option is enabled). Fractals are plotted directly on the chart as red downward triangles for highs and green upward triangles for lows. Fractal Tracking: The indicator stores the most recent high and low fractal levels to serve as reference points for potential sweep detection. Sweep Detection: A bearish sweep is triggered when the price wicks above the last fractal high but closes below it — suggesting a liquidity grab above resistance. A bullish sweep is triggered when the price wicks below the last fractal low but closes above it — suggesting a liquidity grab below support. When a sweep occurs, the indicator draws a horizontal line from the previous fractal point to the current bar. Alert System: Custom alerts notify the trader when a bearish sweep or bullish sweep occurs, allowing for timely reactions to potential reversals or liquidity traps.
Chỉ báo Pine Script®
của ManuPeica
cd_VWAP_mtg_CxCd_VWAP_mtg_Cx Overview The most important condition for being successful and profitable in the market is to consistently follow the same rules without compromise, while the price constantly moves in countless different ways. Regardless of the concept or trading school, those who have rules win. In this indicator, we will define and use three main sections to set and apply our rules. The indicator uses the VWAP (Volume Weighted Average Price) — price weighted by volume. Two VWAPs can be displayed either by manually entering date and time, or by selecting from the menu. From the menu, you can select the following reference levels: • HTF Open: Opening candle of the higher timeframe • ATH / ATL: All-Time High / All-Time Low candles • PMH / PML, PWH / PWL, PDH / PDL, PH4H / PH4L: Previous Month, Week, Day, or H4 Highs/Lows • MH / ML, WH / WL, DH / DL, H4H / H4L: Current Month, Week, Day, or H4 Highs/Lows Additionally, it includes: • Mitigation / Order Block zones (local buyer-seller balance) across two timeframes. • Buy/Sell Side Liquidity levels (BSL / SSL) from the aligned higher timeframe (target levels). ________________________________________ Components and Usage 1 – VWAP Calculated using the classical method: • High + Volume for the upper value • Close + Volume for the middle value • Low + Volume for the lower value The VWAP is displayed as a colored band, where the coloring represents the bias. Let’s call this band FVB (Fair Value Band) for ease of explanation. The FVB represents the final line of defense, the buyer/seller boundary, and in technical terms, it can be viewed as premium/discount zones or support/resistance levels. Within this critical area, the strong side continues its move, while the weaker side is forced to retreat. But does the side that breaks beyond the band always keep going? We all know that’s not always the case — in different pairs and timeframes, price often violates both the upper and lower edges multiple times. To achieve more consistent analysis, we’ll define a new set of rules. ________________________________________ 2 – Mitigation / Order Blocks In trading literature, there are dozens of different definitions and uses of mitigation or order blocks. Here, we will interpret the candlesticks to create our own definition, and we’ll use the zones defined by candles that fit this pattern. For simplicity, let’s abbreviate mitigation as “mtg.” For a candle to be selected as an mtg, it must clearly show strength from one side (buyers or sellers) — which can also be observed visually on the chart. ________________________________________ Bullish mtg criteria: 1. The first candle must be bullish (close > open) → buyers are strong. 2. The next candle makes a new high (buyers push higher) but fails to close above and pulls back to close inside the previous range → sellers react. It also must not break the previous low → buyers defend. 3. In the following candle(s), as long as the first candle’s low is protected and the second candle’s high is broken, it indicates buyer strength → a bullish mtg is confirmed. When price returns to this zone later (gets mitigated), the expectation is that the zone holds and price pushes upward again. If the low is violated, the mtg becomes invalid. In technical terms: If the previous candle’s high is broken but no close occurs above it, the expectation is a reversal move that will retest its low. Question: What if the low is protected and in the next candle(s) a new high forms? Answer: → Bullish mtg. Bearish mtg (opposite) 3 – Buy/Sell Side Liquidity Levels With the help of the aligned higher timeframe (swing points), we will define our market structure framework and set our liquidity targets accordingly. Let’s put the pieces together. If we continue explaining from a trade-focused perspective, our first priority should be our bias — our projection or expectation of the market’s potential movement. We will determine this bias using the FVB. Since we know the band often gets violated on both sides, we want the price action to convince us of its strength. To do that, we’ll use the first candle that closes beyond the band. The distance from that candle’s high to low will be our threshold range Bullish level = high + (candle length × coefficient) Bearish level = low - (candle length × coefficient) When the price closes beyond this threshold, it demonstrates strength, and our bias will now align in that direction. How long will this bias remain valid? → Until a closing candle appears on the opposite side of the band. If a close occurs on the opposite side, then a new bias will only be confirmed once the new threshold level is broken. During the period in between, we have no bias. Let’s continue on the chart: Now that our bias has been established, where and how do we look for trade opportunities? There are two possible entry approaches: • Aggressive entry: Enter immediately with the breakout. • Conservative entry: Wait for a pullback and enter once a suitable structure forms. (The choice depends on the user’s preference.) At this stage, the user can apply their own entry model. Let’s give an example: Let’s assume we’re looking for setups using HTF sweep + LTF CISD confirmation. Once our bias turns bearish, we look for an HTF sweep forming on or near an FVB or mtg block, and then confirm the entry with a CISD signal. In summary: • FVB defines the bias, the entry zone, and the target zone. • Mtg blocks represent entry zones. • BSL / SSL levels suggest target zones. Overlapping FVB and mtg blocks are expected to be more effective. The indicator also provides an option for a second FVB. A band attached to a lower timeframe can be used as confirmation. • Main band: Bias + FVB • Extra band: Entry trigger confirmed by a close beyond it. Mtg blocks can provide trade entry opportunities, especially when the price is moving strongly in one direction (flow). Consecutive or complementary mtg blocks indicate that the price is decisive in one direction, while sometimes also showing areas where we should wait before entering. Mtg blocks that contain an FVG (Fair Value Gap) within their body are expected to be more effective. Settings: The default values are set to 1-3-5m, optimized for scalping trades. VWAP settings: Main VWAP (FVB): • Can be set by selecting a start time, manually entering date and time, or choosing a predefined level. Extra VWAP (FVB): • Set from the menu. If not needed, select “none.” • Visibility, color, and fill settings for VWAP are located here. • Threshold levels visibility and color options are also in this section. • The multiplier is used for calculating the threshold level. Important: • If the Extra VWAP is selected but not displayed, you need to increase the chart timeframe. o Example: If the chart is on 3m and you select WH from the extra options, it will not display correctly. • Upper limits for VWAP: o 1m and 3m charts: daily High/Low o 5m chart: weekly High/Low ________________________________________ Mtg Settings: • Visibility and color settings for blocks are configured here. • To display on a second timeframe, the box must be checked and the timeframe specified. • Optional display modes: “only active blocks,” “only last violated mtg,” or “all.” • For confirmation and removal criteria, choosing high/low or close determines the source used for mtg block formation and deletion conditions. BSL/SSL Settings: • Visibility, color, font size, and line style can be configured in this section. When “Auto” is selected, the aligned timeframe is determined automatically by the indicator, while in manual mode, the user defines the timeframe. Final Words: Simply opening trades every time the price touches the VWAP or mtg blocks will not make you a profitable trader. Searching for setups with similar structures while maintaining proper risk management will yield better results in the long run. I would be happy to hear your feedback and suggestions. Happy trading!
Chỉ báo Pine Script®
của cdikici71
24
MULTI-CONDITION RSI SIGNAL GENERATOR═══════════════════════════════════════════════ MULTI-CONDITION RSI SIGNAL GENERATOR ═══════════════════════════════════════════════ OVERVIEW: This indicator generates trading signals based on Relative Strength Index (RSI) movements with multiple confirmation layers designed to filter false signals and identify high-probability reversal opportunities. ═══════════════════════════════════════════════ WHAT MAKES THIS ORIGINAL: ═══════════════════════════════════════════════ Unlike basic RSI indicators that simply plot overbought/oversold crossovers, this system combines FOUR distinct confirmation mechanisms: 1. PERSISTENCE FILTERING - Requires RSI to remain in extreme zones for a minimum duration 2. LOOKBACK VALIDATION - Verifies recent extreme zone visits before signaling 3. DIVERGENCE DETECTION - Identifies price/RSI divergence for stronger signals 4. MOMENTUM CONFIRMATION - Provides trend-continuation entries via midline crosses This multi-layered approach significantly reduces whipsaw trades that plague simple RSI crossover systems. ═══════════════════════════════════════════════ HOW IT WORKS (TECHNICAL METHODOLOGY): ═══════════════════════════════════════════════ STEP 1: RSI CALCULATION - Standard RSI calculation using user-defined period (default: 14) - Monitors two extreme zones: Overbought (default: 70) and Oversold (default: 30) STEP 2: PERSISTENCE FILTERING The script counts how many bars RSI has spent in extreme zones within the lookback period: - For overbought signals: Counts bars where RSI > 70 - For oversold signals: Counts bars where RSI < 30 - Signal only triggers if count >= Minimum Duration (default: 4 bars) This filters out brief spikes that immediately reverse, focusing on sustained extreme conditions that are more likely to lead to genuine reversals. STEP 3: LOOKBACK VALIDATION - Checks if RSI reached extreme zones within the Lookback Bars period (default: 20) - Uses ta.highest() and ta.lowest() functions to verify recent extremes - Ensures we're trading reversals from meaningful extremes, not random crossovers STEP 4: BASIC SIGNAL GENERATION - BUY SIGNAL: RSI crosses above the oversold level (30) after meeting persistence and lookback conditions - SELL SIGNAL: RSI crosses below the overbought level (70) after meeting persistence and lookback conditions STEP 5: DIVERGENCE DETECTION The script identifies two types of divergence over the Divergence Lookback period (default: 5 bars): A) BULLISH DIVERGENCE (indicates potential upward reversal): - Price makes a lower low (current low < previous low) - RSI makes a higher low (current RSI low > previous RSI low) - Suggests weakening downward momentum B) BEARISH DIVERGENCE (indicates potential downward reversal): - Price makes a higher high (current high > previous high) - RSI makes a lower high (current RSI high < previous RSI high) - Suggests weakening upward momentum STEP 6: STRONG SIGNAL CONFIRMATION - STRONG BUY: Basic buy signal + bullish divergence present - STRONG SELL: Basic sell signal + bearish divergence present - These represent the highest-probability setups STEP 7: MOMENTUM SIGNALS (OPTIONAL) - MOMENTUM BUY: RSI crosses above 50 after being oversold (trend continuation) - MOMENTUM SELL: RSI crosses below 50 after being overbought (trend continuation) - Smaller signals for traders who want trend-following entries ═══════════════════════════════════════════════ SIGNAL TYPES AND VISUAL INDICATORS: ═══════════════════════════════════════════════ 📈 GREEN TRIANGLE (below bar) - Standard Buy Signal RSI crossed above oversold level with confirmation filters 📉 RED TRIANGLE (above bar) - Standard Sell Signal RSI crossed below overbought level with confirmation filters 🔵 BLUE TRIANGLE (below bar) - Strong Buy Signal Buy signal + bullish divergence (HIGHEST PRIORITY) 🟣 PURPLE TRIANGLE (above bar) - Strong Sell Signal Sell signal + bearish divergence (HIGHEST PRIORITY) 🟢 GREEN CIRCLE (small) - Momentum Buy RSI crosses above 50 after oversold conditions 🔴 RED CIRCLE (small) - Momentum Sell RSI crosses below 50 after overbought conditions BACKGROUND SHADING: - Light red background: RSI currently overbought - Light green background: RSI currently oversold ═══════════════════════════════════════════════ PARAMETER SETTINGS: ═══════════════════════════════════════════════ 1. OVERBOUGHT LEVEL (default: 70, range: 50-90) - Higher values = fewer but stronger overbought signals - Lower values = more sensitive to overbought conditions - Recommended: 70 for standard markets, 80 for crypto/volatile assets 2. OVERSOLD LEVEL (default: 30, range: 10-50) - Lower values = fewer but stronger oversold signals - Higher values = more sensitive to oversold conditions - Recommended: 30 for standard markets, 20 for crypto/volatile assets 3. RSI PERIOD (default: 14, range: 2-50) - Standard RSI calculation period - Lower = more sensitive/faster signals - Higher = smoother/slower signals - Recommended: 14 (industry standard) 4. MINIMUM DURATION (default: 4, range: 1-20) - Required bars in extreme zone before signal - Higher values = fewer signals but better quality - Lower values = more signals but more false positives - Recommended: 3-5 for day trading, 5-10 for swing trading 5. LOOKBACK BARS (default: 20, range: 5-100) - How far back to check for extreme zone visits - Should match your typical trading timeframe - Recommended: 20 for intraday, 50 for daily charts 6. DIVERGENCE LOOKBACK (default: 5, range: 2-20) - Period for comparing price/RSI highs and lows - Lower values = more frequent divergence signals - Higher values = more significant divergences - Recommended: 5-10 depending on timeframe ═══════════════════════════════════════════════ HOW TO USE THIS INDICATOR: ═══════════════════════════════════════════════ RECOMMENDED TRADING APPROACH: 1. PRIMARY ENTRIES: Focus on Strong Buy/Sell signals (blue/purple triangles) - These have the highest win rate due to divergence confirmation - Wait for price action confirmation (support/resistance, candlestick patterns) 2. SECONDARY ENTRIES: Regular Buy/Sell signals (green/red triangles) - Use these when Strong signals are infrequent - Require additional confirmation from other indicators or chart patterns 3. TREND CONTINUATION: Momentum signals (small circles) - Best used when overall trend is clear - Not recommended for reversal trading 4. FILTER TRADES: Use background shading as context - Be cautious entering longs when background is red (overbought) - Be cautious entering shorts when background is green (oversold) RISK MANAGEMENT GUIDELINES: - Never risk more than 2-5% of capital per trade - Use stop losses below recent swing lows (buys) or above swing highs (sells) - Target at least 1.5:1 reward-to-risk ratio - Consider position sizing based on signal strength TIMEFRAME RECOMMENDATIONS: - 15min - 1hour: Day trading with adjusted parameters (lower minimum duration) - 4hour - Daily: Swing trading with default parameters - Weekly: Position trading with increased lookback periods COMPLEMENTARY TOOLS: This indicator works best when combined with: - Support and resistance levels - Trend indicators (moving averages, trend lines) - Volume analysis - Price action patterns (engulfing candles, pin bars) ═══════════════════════════════════════════════ LIMITATIONS AND CONSIDERATIONS: ═══════════════════════════════════════════════ - This is NOT a standalone trading system - requires additional analysis - RSI-based strategies perform best in ranging/choppy markets - May generate fewer signals in strong trending markets - Divergence signals can be early - wait for price confirmation - Not recommended for highly illiquid assets - Backtest on your specific market before live trading - No indicator is 100% accurate - always use proper risk management ═══════════════════════════════════════════════ TECHNICAL NOTES: ═══════════════════════════════════════════════ - Code is original and does not reuse external libraries - Uses Pine Script v5 native functions only - Alert conditions included for all signal types - No repainting - signals appear and remain fixed - Efficient calculation methods minimize processing load ═══════════════════════════════════════════════ ALERT SETUP: ═══════════════════════════════════════════════ Four alert conditions are available: 1. "Buy Alert" - Triggers on standard buy signals 2. "Sell Alert" - Triggers on standard sell signals 3. "Strong Buy Alert" - Triggers on divergence-confirmed buy signals 4. "Strong Sell Alert" - Triggers on divergence-confirmed sell signals To set up alerts: Right-click chart → Add Alert → Select desired condition ═══════════════════════════════════════════════ This indicator is provided for educational and informational purposes. Always practice proper risk management and never trade with money you cannot afford to lose.
Chỉ báo Pine Script®
của DrFXGOD
1