RSI + Relative Strength vs NIFTY + Super Trend Buy StrategyHere is my first script for the relative strength study. Enjoy!!!
please give suggestions to improve this strategy.
Chỉ báo và chiến lược
Smart Ribbon V2 [FXSMARTLAB]The Smart Ribbon V2 indicator is designed to analyze market trends and momentum by plotting a series of moving averages with varying periods, all within a single overlay on the price chart. This approach creates a "ribbon" effect, enabling traders to visualize trend strength, reversals, and potential entry or exit points. The indicator provides flexibility through different moving average types, including some advanced ones like QUEMA (Quadruple Exponential Moving Average) and QuintEMA (Quintuple Exponential Moving Average). Each moving average is color-coded to indicate trend direction and momentum, making it visually intuitive and effective for quick decision-making in trend-following strategies.
The Smart Ribbon V2 helps traders:
Identify Trend Direction
Gauge Momentum
Spot Trend Reversals
Determine Entry and Exit Points
Detailed Explanation of QUEMA and QuintEMA
The QUEMA (Quadruple Exponential Moving Average) and QuintEMA (Quintuple Exponential Moving Average) are advanced smoothing techniques that build on traditional exponential moving averages (EMAs). Both offer higher sensitivity to recent price changes than standard EMAs by adding layers of exponential smoothing. These moving averages are particularly useful for traders looking for a more responsive indicator without the noise often present in shorter-period EMAs.
QUEMA (Quadruple Exponential Moving Average)
The QUEMA is calculated by applying the EMA calculation four times in succession. This method smooths out fluctuations in the price data, creating a balance between sensitivity to recent data and resistance to short-term noise.
The mathematical formula for QUEMA is:
QUEMA=4×EMA1−6×EMA2+4×EMA3−EMA4
This formula results in a moving average that is smoother than a triple EMA (TEMA) and provides a better response to price trends without excessive lag.
QuintEMA (Quintuple Exponential Moving Average)
The QuintEMA goes one step further by applying the EMA calculation five times in a row. This level of exponential smoothing is useful for identifying strong, persistent trends while remaining adaptive to recent price shifts.
The QuintEMA is calculated as :
QuintEMA=5×EMA1−10×EMA2+10×EMA3−5×EMA4+EMA5
The additional layer in QuintEMA further reduces the impact of short-term price fluctuations, making it especially useful in strongly trending markets.
The Smart Ribbon V2 combines the benefits of several moving average types to deliver a versatile tool for analyzing market trends, momentum, and potential reversals. With QUEMA and QuintEMA as advanced options, it allows traders to tailor the indicator to match their preferred trading style, whether it involves higher responsiveness or smoother trend visualization. This adaptability makes Smart Ribbon V2 a powerful choice for both novice and experienced traders seeking to improve their trend-following and market analysis strategies.
This is my first published indicator! If you like it, leave a comment, like, subscribe, or show your support. Based on your feedback and appreciation, I'll be happy to release more of my personal indicators in the future.
江恩三日转向图此 Pine Script 脚本实现了一个江恩三日转向图指标，旨在分析股票或其他资产在指定天数内的趋势变化。通过对过去几天的高低价位进行比较，判断市场是否进入了上升或下降趋势。
参数：用户可以调整天数 (days) 和价格变化比例 (alpha) 参数。days 表示观察周期的天数，alpha 控制判定转向的灵敏度。
逻辑：在指定的天数内，通过比较每日的高低点位置确定上升趋势和下降趋势，并在趋势变化时切换趋势标识。
输出：如果确定了上升或下降趋势，将在图表中相应位置显示绿色向上或红色向下的“转向”标识，帮助用户快速识别市场趋势的转变。
Ultimate Multi Indicator - by SachaThe Ultimate Multi Indicator: The Ultimate Guide To Profit
This custom indicator, the Ultimate Multi Indicator , integrates multiple trading indicators to have powerful buy and sell signals. I combined MACD, EMA, RSI, Bollinger Bands, Volume Profile, and Ichimoku Cloud indicators to help traders analyze both short-term and long-term price movements.
Key Components and How to Use Them
- MACD (Moving Average Convergence Divergence):
- Use for trend direction and potentiality of reversals.
- The blue line (MACD Line) crossing above the orange line (Signal Line) indicates a bullish reversal; the opposite signals a bearish reversal.
- Watch for crossovers to confirm the direction of smaller price movements.
- 200 EMA (Long) (Exponential Moving Average):
- Use to indicate a long-term trend direction.
- If the price is above the 200 EMA, the market is in an uptrend; below it suggests a downtrend.
- The chart’s background color shifts subtly green (uptrend) or red (downtrend) depending on the EMA's relative position.
- RSI (Relative Strength Index):
- Tracks momentum and overbought/oversold levels.
- RSI over 70 signifies overbought conditions; under 30 indicates oversold.
- Look for RSI turning points around these levels to identify potential reversals.
- Bollinger Bands :
- The price touching or crossing the upper Bollinger Band may mean overbought conditions are filled, while a touch at the lower band indicates oversold.
- Bollinger Band interactions often align with key reversal points, especially when combined with other signals.
- Volume Profile :
- A yellow VP line on the chart represents significant trading volume occurred.
- This line can be used as both a support and resistance level, and especially during consolidations or trend changes.
- Ichimoku Cloud :
- Identifies support/resistance levels and trend direction.
- Green and red cloud regions visually show if the price is above (bullish) or below (bearish) key levels.
- Price above the cloud (green) confirms a bullish market, while below (red) signals bearish.
Signal Conditions and Visualization
- Buy Signals :
- This is triggered right away when MACD crosses up, RSI is oversold, or price touches the lower Bollinger Band, provided price is above both the Ichimoku Cloud and the 200 EMA.
- A green “BUY” label appears below the bar, suggesting a potential entry.
- Sell Signals :
- This signal is generated when MACD crosses down, RSI is overbought, or price touches the upper Bollinger Band, and price is below the Ichimoku Cloud and the 200 EMA.
- A red “SELL” label is shown above the bar, indicating a potential exit.
Tips & Tricks
- Confirm Signals : Use multiple signals to confirm entries and exits. For example, if both the MACD and RSI align with the Ichimoku Cloud direction, the trade setup is stronger.
- Trend Directions : Only take buy signals if the price is above the 200 EMA, and sell signals if it is below, aligning trades with the overall trend.
- Adjust for Volatility : In high-volatility markets, especially in the crypto markets, pay close attention to the Bollinger Bands for breakout potential.
- Ichimoku as a Trend Guide : Use the Ichimoku Cloud as a guide for long-term support and resistance levels, especially for swing trades.
This multi-layered indicator gives a balanced blend of short-term signals and long-term trend insights, making it a versatile tool for day trading, swing trading, or even longer-term analysis.
Remember that indicators that will make you rich instantly don't exist. To expect minimum profit from them, you shouldn't trade all you have at the same time but only trade with the money you can afford to lose.
After that being said, I wish you traders luck with the Ultimate Multi Indicator!
HTF Power of Three° [Pro+]Free Version of HTF Power of Three°
This simple Indicator should not be charged and its pretty easy to code ;)
Average RangeThis indicator displays the average low and high for bullish and bearish days:
Black Line (Above Price): Represents the average high of the day for bearish days.
Black Line (Below Price): Represents the average low of the day for bullish days.
Green Line: Represents the average high of the day for bullish days.
Red Line: Represents the average low of the day for bearish days.
TrendForce Indicator By Hilmy M.TrendForce Indicator is a powerful trading tool designed to assist traders in identifying optimal entry and exit points in the market. This indicator combines moving averages and Relative Strength Index (RSI) to generate reliable buy and sell signals based on price momentum and trend direction.
Key Features:
Buy Signals: The indicator generates a buy signal when the fast moving average crosses above the slow moving average, indicating the start of an upward trend. Additionally, it confirms the signal with an RSI value above 40, ensuring a stronger momentum phase.
Sell Signals: A sell signal is produced when the fast moving average crosses below the slow moving average, suggesting a potential downtrend. The indicator further validates this with an RSI below 60 to signal weakening momentum.
Future Projections: Momentum Master also provides forward-looking buy and sell labels that appear one bar ahead, allowing traders to anticipate potential market movements.
Visual Clarity: With clear graphical signals and background highlighting for buy and sell zones, traders can easily spot trading opportunities at a glance.
Rang Birangi RSIApply this indicator and on Price Chart apply 9 SMA in clb.
before directly taking real time trades, try to observe the behavior in your preferred timeframe to understand and conclude your Risk Reward terms.
[H2N] Indicator tableShows a Table with up to 8 Timeframes for the indicators: RSI, ATR, CCI, STOCH, ADX and MACD.
Timeframes and Indicators can be show or hidden.
SPK Volume based Bearish and Bullish Candles.As the name suggests its volume based. Focus here is only on two types of candlestick form. Engulfing pattern and Pin Bar. These two are the most potent reversal and at times continuation signal providers. Volume metrics are different for both. For pin bar reversal we of course need higher volume. There is some plot twist in Engulfing pattern to cut out most of the noise.
Advanced Klinger OscillatorAdvanced Klinger Oscillator
The Advanced Klinger Oscillator is an enhanced version of the traditional Klinger Oscillator, which measures the difference between two exponential moving averages (EMAs) of volume flow. This tool helps traders identify momentum shifts and potential trading opportunities.
Key Features:
Dual EMA Calculation: The oscillator calculates the difference between a short-term and a long-term EMA of volume flow, smoothing out price fluctuations for clearer trend analysis.
Signal Line: A signal line, which is an EMA of the Klinger Oscillator, generates buy and sell signals. A crossover above the signal line indicates a potential buy, while a crossover below suggests a sell.
Volume Confirmation: Signals are only generated when trading volume exceeds a specified threshold, ensuring that price movements are supported by sufficient market activity.
Trend Lines: Upper and lower trend lines are plotted above the oscillator, helping traders visualize momentum strength and identify bullish or bearish trends.
Background Color Coding: The indicator uses color changes in the background to indicate positive (green) and negative (red) momentum, allowing for quick assessment of market conditions.
Usage:
Traders can utilize the Advanced Klinger Oscillator to:
Identify entry and exit points based on oscillator and signal line crossovers.
Confirm trends by observing the relationship between the oscillator and its trend lines.
Make informed trading decisions by considering volume alongside price movements.
The Advanced Klinger Oscillator is a valuable addition to any trader's toolkit, combining price momentum, volume analysis, and visual cues for effective trading strategies.
Demand and Supply with Price actionThis indicator is made by "Dawn Forex Academy". I have added price action, demand and supply with FVG. This indicator may help us to identify the potential buy and sell zone after its breakout.
High-Accuracy Buy/Sell Signal//@version=5
indicator("High-Accuracy Buy/Sell Signal", overlay=true)
// Input parameters
rsiLength = input.int(14, title="RSI Length")
rsiOverbought = input.int(70, title="RSI Overbought Level")
rsiOversold = input.int(30, title="RSI Oversold Level")
macdFastLength = input.int(12, title="MACD Fast Length")
macdSlowLength = input.int(26, title="MACD Slow Length")
macdSignalSmoothing = input.int(9, title="MACD Signal Smoothing")
bbLength = input.int(20, title="Bollinger Bands Length")
bbMultiplier = input.float(2.0, title="Bollinger Bands Multiplier")
// RSI Calculation
rsi = ta.rsi(close, rsiLength)
// MACD Calculation
= ta.macd(close, macdFastLength, macdSlowLength, macdSignalSmoothing)
// Bollinger Bands Calculation
basis = ta.sma(close, bbLength)
dev = bbMultiplier * ta.stdev(close, bbLength)
upperBand = basis + dev
lowerBand = basis - dev
// Buy condition
buySignal = (rsi < rsiOversold) and (macdLine > signalLine) and (close < lowerBand)
// Sell condition
sellSignal = (rsi > rsiOverbought) and (macdLine < signalLine) and (close > upperBand)
// Plot signals on chart
plotshape(series=buySignal, title="Buy Signal", location=location.belowbar, color=color.green, style=shape.labelup, text="BUY")
plotshape(series=sellSignal, title="Sell Signal", location=location.abovebar, color=color.red, style=shape.labeldown, text="SELL")
// Plot Bollinger Bands
plot(upperBand, color=color.blue, linewidth=1, title="Upper Band")
plot(lowerBand, color=color.blue, linewidth=1, title="Lower Band")
// Plot MACD and Signal Line (optional, for reference)
hline(0, "Zero Line", color=color.gray)
plot(macdLine, color=color.blue, title="MACD Line")
plot(signalLine, color=color.orange, title="Signal Line")
// Alert conditions
alertcondition(buySignal, title="Buy Alert", message="Buy Signal")
alertcondition(sellSignal, title="Sell Alert", message="Sell Signal")
Combined SMA and Minervini Trend TemplateThis indicator combines 10 Simple moving averages with the Minervini Trend Template. This is for all of my free and low sub trading fellows.
5 Bar Price Projection By DemirkanExplanation of the Indicator
1. Indicator Initialization
indicator("5 Bar Price Projection By Demirkan", overlay=true): This initializes the indicator with the specified name and sets it to overlay on the price chart.
2. Momentum Calculations The following calculations are used to assess the market's momentum and volatility:
mom = ta.mom(close, 10): Calculates the momentum of the closing price over the last 10 bars. Positive momentum indicates an upward trend, while negative indicates a downward trend.
roc = ta.roc(close, 10): Computes the rate of change (ROC) of the closing price over the last 10 bars. Positive values indicate price increases, and negative values indicate decreases.
rsi = ta.rsi(close, 14): Calculates the 14-bar Relative Strength Index (RSI), which helps identify overbought (above 70) or oversold (below 30) conditions. Values above 50 generally indicate bullish sentiment, while below indicate bearish sentiment.
= ta.macd(close, 12, 26, 9): Computes the MACD (Moving Average Convergence Divergence), which consists of the MACD line, the signal line, and the histogram. It provides insights into trend direction and momentum.
atr = ta.atr(14): Calculates the 14-bar Average True Range (ATR), a measure of market volatility.
3. Calculate Momentum Factor This section creates a composite momentum factor based on the individual momentum indicators:
pinescript
Kodu kopyala
mom_signal = mom > 0 ? 1 : -1
roc_signal = roc > 0 ? 1 : -1
rsi_signal = rsi > 50 ? 1 : -1
macd_signal = macd > signal ? 1 : -1
momentum_factor = (mom_signal + roc_signal + rsi_signal + macd_signal) / 4
Each momentum signal is assigned a value of 1 if bullish and -1 if bearish.
momentum_factor: The average of these signals indicates the overall market momentum. A value closer to 1 suggests bullish momentum, while a value closer to -1 indicates bearish momentum.
4. Calculate Projected Move for 5 Bars Later This section calculates the expected price movement based on the volatility and momentum factor:
pinescript
Kodu kopyala
move_size = atr * math.abs(momentum_factor)
projection_5th = close * (1 + (move_size / close) * momentum_factor)
move_size: The expected price movement size is determined by multiplying the ATR by the absolute value of the momentum factor.
projection_5th: The projected price five bars into the future is calculated by adjusting the current price based on the move_size and the direction indicated by the momentum_factor.
5. Draw a Line at the Projected Price This section visualizes the projected price on the chart:
pinescript
Kodu kopyala
var line projLine = na
if barstate.islast
line.delete(projLine) // Delete previous line
projLine := line.new(bar_index, projection_5th, bar_index + 5, projection_5th, color=color.blue, width=2)
var line projLine = na: Initializes a variable to hold the projection line.
line.delete(projLine): Deletes any previously drawn projection line to avoid clutter.
line.new(...): Draws a new line at the projected price, extending from the current bar index to five bars ahead.
6. Show Projected Price as a Label This section creates a label on the chart to display the projected price:
pinescript
Kodu kopyala
var label priceLabel = na
if barstate.islast
label.delete(priceLabel) // Delete previous label
priceLabel := label.new(bar_index, na, str.tostring(projection_5th, format.mintick), color=color.black, textcolor=color.white, style=label.style_label_upper_right, xloc=xloc.bar_index, yloc=yloc.price)
label.set_x(priceLabel, bar_index + 5) // Position 5 bars ahead
label.set_y(priceLabel, projection_5th + 2 * atr) // Position slightly above
var label priceLabel = na: Initializes a variable for the label.
label.delete(priceLabel): Deletes the previous label to maintain clarity.
label.new(...): Creates a new label to display the projected price. It is positioned five bars ahead and slightly above the projected price for better visibility.
Conclusion
The "5 Bar Price Projection By Demirkan" indicator combines multiple momentum indicators and volatility measurements to project potential price movements in the future. By visualizing the projected price with a line and label, traders can make more informed decisions regarding potential entry and exit points.
If you need any more details or modifications, just let me know!
BBMA Oma Ally Strategy FinalThe One and only BBMA starategy based on bollinger band and moving averages
Moving Average Crossover Strategy (halfback test)
In this trading strategy overview, the speaker emphasizes that the market spends 75% of its time in consolidation (ranging) rather than trending, which can lead to losses for many traders. He introduces a structured approach for trading within these consolidation ranges, highlighting the importance of identifying external range liquidity (the highest high and lowest low) to inform trading decisions.
The speaker uses Fibonacci levels to define premium and discount zones and suggests that institutions primarily trade between these levels, focusing on the extremes rather than the middle. He explains how to set up a trading strategy by marking ranges, adjusting risk, and identifying entry points based on market structure.
The strategy involves trading short on price reversals near the range's boundaries, with small stop-losses and scaling out to secure profits. The speaker shares live trading examples, demonstrating the effectiveness of this approach while maintaining a focus on risk management and reward potential. He also promotes his Discord community and educational resources, aiming to provide comprehensive guidance for traders.
Detector de quiebres con alarmas GCEste indicador está diseñado para identificar rupturas alcistas y bajistas en el gráfico y marcar zonas clave basadas en soportes y resistencias.
Detección de mínimos y máximos locales: Busca mínimos y máximos dentro de un período configurable para identificar zonas de interés.
Rupturas Alcistas y Bajistas: Cuando el precio rompe un soporte (mínimo) o una resistencia (máximo) significativos, el indicador marca la ruptura:
Ruptura Alcista: Dibuja una línea verde de soporte y emite una alerta.
Ruptura Bajista: Dibuja una línea roja de resistencia y emite una alerta.
Zonas de Ruptura: Si se detectan dos rupturas consecutivas en la misma dirección (alcista o bajista), el indicador crea una caja de color en la zona, resaltando un área de posible soporte o resistencia consolidada.
Este enfoque permite ver de forma visual y en tiempo real cuándo el precio rompe niveles clave y marca zonas de consolidación potenciales.
Buy/Sell Signals: 1-minute Low Crosses Above/Below 5-Bar MA 2LCKSome creativity done while bored. Message me if you like this :) IG zekecollects
DMI Delta by 0xjcfOverview
This indicator integrates the Directional Movement Index (DMI), Average Directional Index (ADX), and volume analysis into an Oscillator designed to help traders identify divergence-based trading signals. Unlike typical volume or momentum indicators, this combination provides insight into directional momentum and volume intensity, allowing traders to make well-informed decisions based on multiple facets of market behavior.
Purpose and How Components Work Together
By combining DMI and ADX with volume analysis, this indicator helps traders detect when momentum diverges from price action—a common precursor to potential reversals or significant moves. The ADX filter enhances this by distinguishing trending from range-bound conditions, while volume analysis highlights moments of extreme sentiment, such as solid buying or selling. Together, these elements provide traders with a comprehensive view of market strength, directional bias, and volume surges, which help filter out weaker signals.
Key Features
DMI Delta and Oscillator: The DMI indicator measures directional movement by comparing DI+ and DI- values. This difference (DMI Delta) is calculated and displayed as a histogram, visualizing changes in directional bias. When combined with ADX filtering, this histogram helps traders gauge the strength of momentum and spot directional shifts early. For instance, a rising histogram in a bearish price trend might signal a potential bullish reversal.
Volume Analysis with Extremes: Volume is monitored to reveal when market participation is unusually high, using a customizable multiplier to highlight significant volume spikes. These extreme levels are color-coded directly on the histogram, providing visual cues on whether buying or selling interest is particularly strong. Volume analysis adds depth to the directional insights from DMI, allowing traders to differentiate between regular and powerful moves.
ADX Trending Filter: The ADX component filters trends by measuring the overall strength of a price move, with a default threshold of 25. When ADX is above this level, it suggests that the market is trending strongly, making the DMI Delta readings more reliable. Below this threshold, the market is likely range-bound, cautioning traders that signals might not have as much follow-through.
Using the Indicator in Divergence Strategies
This indicator excels in divergence strategies by highlighting moments when price action diverges from directional momentum. Here’s how it aids in decision-making:
Bullish Divergence: If the price is falling to new lows while the DMI Delta histogram rises, it can indicate weakening bearish momentum and signal a potential price reversal to the upside.
Bearish Divergence: Conversely, if prices are climbing but the DMI Delta histogram falls, it may point to waning bullish momentum, suggesting a bearish reversal.
Visual Cues and Customization
The color-coded output enhances usability:
Bright Green/Red: Extreme volume with strong bullish or bearish signals, often at points of high potential for trend continuation or reversal.
Green/Red Shades: These shades reflect trending conditions (bullish or bearish) based on ADX, factoring in volume. Green signals a bullish trend, and red is a bearish trend.
Blue/Orange Shades: Indicates non-trending or weaker conditions, suggesting a more cautious approach in range-bound markets.
Customizable for Diverse Trading Styles
This indicator allows users to adjust settings like the ADX threshold and volume multiplier to optimize performance for various timeframes and strategies. Whether a trader prefers swing trading or intraday scalping, these parameters enable fine-tuning to enhance signal reliability across different market contexts.
Practical Usage Tips
Entry and Exit Signals: Use this indicator in conjunction with price action. Divergences between the price and DMI Delta histogram can reinforce entry or exit decisions.
Adjust Thresholds: Based on backtesting, customize the ADX Trending Threshold and Volume Multiplier to ensure optimal performance on different timeframes or trading styles.
In summary, this indicator is tailored for traders seeking a multi-dimensional approach to market analysis. It blends momentum, trend strength, and volume insights to support divergence-based strategies, helping traders confidently make informed decisions. Remember to validate signals through backtesting and use it alongside price action for the best results.
Earning, Sales, and PriceThis Pine Script indicator is designed to visualize and analyze the growth of Earnings Per Share (EPS) and Sales for a given stock over specified time periods. With a user-friendly interface, it allows traders and investors to monitor key financial metrics, helping them make informed decisions based on company performance.
The script presents earnings, sales, and price growth in a clear tabular format directly on the price chart. It features two distinct tables: one for annual data and another for quarterly metrics. For each financial metric, the script calculates and displays growth figures by comparing the current results with either the previous quarter's numbers or the previous year's figures. Additionally, it showcases the stock price along with the corresponding growth between these two data points, providing a comprehensive view of the stock's performance over time.
How to Use:
Typically, growth stocks will rally for a few quarters. However, after significant rallies, the stock needs rest. During this period, the stock will either consolidate or slide down slowly to take support at the key moving average. Importantly, during this time, sales and earnings may continue to grow while the stock is still consolidating.
Typically, after the stock consolidates significantly—even when sales and earnings numbers are increasing—the stock will finally start the next leg of the rally just before the next earnings date or immediately after the earnings report.
For this purpose, the script shows the EPS and sales growth. Additionally, the script displays the price when the previous earnings were declared along with the price growth. This data can be used to find patterns in the stock's behavior. Utilize this indicator to analyze growth patterns and make informed trading decisions based on historical performance and upcoming earnings expectations.
Key Metrics Analyzed:
Earnings Per Share (EPS): Monitors the diluted earnings per share to evaluate company profitability.
Total Revenue: Analyzes sales performance, providing insights into overall revenue generation.
Price Growth: Tracks changes in stock price alongside EPS and sales for comprehensive performance assessment.
Usage:
Ideal for investors and traders looking to evaluate company growth potential and make data-driven decisions.
Use in conjunction with other technical analysis tools for a holistic approach to stock analysis.
5 EMA & 20 SMA with Conditional Buy/Sell SignalsYou can see the 5 days ema and 20 days sma. and indicator create sell or buy signals.
