BINANCE-BYBIT Cross Chart: Spot-Perpetual CorrelationName: "Binance-Bybit Cross Chart: Spot-Perpetual Correlation"
Category: Scalping, Trend Analysis
Timeframe: 1M, 5M, 30M, 1D (depending on the specific technique)
Technical analysis: This indicator facilitates a comparison between the price movements shown on the Binance spot chart and the Bybit perpetual chart, with the aim of discerning the correlation between the two charts and identifying the dominant market trends. It automatically generates the corresponding chart based on the ticker selected in the primary chart. When a Binance pair is selected in the main chart, the indicator replicates the Bybit perpetual chart for the same pair and timeframe, and vice versa, selecting the Bybit perpetual chart as the primary chart generates the Binance spot chart.
Suggested use: You can utilize this tool to conduct altcoin trading on Binance or Bybit, facilitating the comparison of price actions and real-time monitoring of trigger point sensitivity across both exchanges. We recommend prioritizing the Binance Spot chart in the main panel due to its typically longer historical data availability compared to Bybit.
The primary objective is to efficiently and automatically manage the following three aspects:
- Data history analysis for higher timeframes, leveraging the extensive historical data of the Binance spot market. Variations in indicators such as slow moving averages may arise due to differences in historical data between exchanges.
- Assessment of coin liquidity on both exchanges by observing candlestick consistency on smaller timeframes or the absence of gaps. In the crypto market, clean charts devoid of gaps indicate dominance and offer enhanced reliability.
- Identification of precise trigger point levels, including daily, previous day, or previous week highs and lows, which serve as sensitive areas for breakout or reversal operations.
All-Time High (ATH) and All-Time Low (ATL) levels may vary significantly across exchanges due to disparities in historical data series.
This tool empowers traders to make informed decisions by leveraging historical data, liquidity insights, and precise trigger point identification across Binance Spot and Bybit Perpetual market.
Configuration:
EMA length:
- EMA 1: Default 5, user configurable
- EMA 2: Default 10, user configurable
- EMA 3: Default 60, user configurable
- EMA 4: Default 223, user configurable
- Additional Average: Optional display of an additional average, such as a 20-period average.
Chart Elements:
- Session separator: Indicates the beginning of the current session (in blue)
- Background: Indicates an uptrend (60 > 223) with a green background and a downtrend (60 < 223) with a red background.
Instruments:
- EMA Daily: Shows daily averages on an intraday timeframe.
- EMA levels 1h - 30m: Shows the levels of the 1g-30m EMAs.
- EMA Levels Highest TF: Provides the option to select additional EMA levels from the major timeframes, customizable via the drop-down menu.
- "Hammer Detector: Marks hammers with a green triangle and inverted hammers with a red triangle on the chart
- "Azzeramento" signal on TF > 30m: Indicates a small candlestick on the EMA after a dump.
- "No Fomo" signal on TF < 30m: Indicates a hyperextended movement.
Trigger Points:
- Today's highs and lows: Shows the opening price of the day's candlestick, along with the day's highs and lows (high in purple, low in red, open in green).
- Yesterday's highs and lows: Displays the opening price of the daily candlestick, along with the previous day's highs and lows (high in yellow, low in red).
You can customize the colors in "Settings" > "Style".
It is best used with the Scalping The Bull indicator on the main panel.
Credits:
@tumiza999: for tests and suggestions.
Thanks for your attention, happy to support the TradingView community.
Scalping
[AlbaTherium] MTF External Ranges Analysis - ERA-Orion for SMC MTF External Ranges Analysis - ERA - Orion for Smart Money Concepts
Introduction:
The MTF External Ranges Analysis - ERA - Orion offers enhanced insights into multi-timeframe external structure points, swing structure points, POIs (Points of Interest), and order blocks (OB) . By incorporating this enhancement, your multi-timeframe analysis are streamlined, simplifying the process and reducing chart workload, no need for manual chart drawing anymore, stay focus on Low Time Frame and get High Time Frame insights in one single Time frame.
This identification process remains effective even when focusing on Lower Time Frames (LTF), providing detailed insights without sacrificing the broader market perspective.
The MTF External Ranges Analysis - ERA – Orion is specifically designed to be used in conjunction with OptiStruct™ Premium for Smart Money Concepts . This strategic combination enhances the workflow of identifying optimal entry points. OptiStruct acts as the analysis tool for Lower Time Frames (LTF), zeroing in on immediate interest areas, while Orion expands this analysis to Higher Time Frames (HTF), providing a broader view of market trends and importants key levels . The integration of Orion with OptiStruct seamlessly merges LTF and HTF analyses, ensuring a thorough understanding of market dynamics for informed and strategic decision-making. This toolkit in one package assembly is pivotal for traders relying on Smart Money Concepts, offering unmatched clarity and actionable insights to navigate the markets effectively.
This tool offers an advanced smart money technical analysis to improve your trading experience. It introduces four key concepts:
Main Features:
Entries Enhancements
Inducements HTF
High/Low Markings HTF
Multiple Timeframes and Confluences on Extreme, Dec and SMT Order Blocks
By integrating these concepts into one, traders can identify high-probability zones across multiple timeframes and develop a thorough understanding of market dynamics. These confluence zones enhance order block skills and potential, establishing them as essential pillars in smart money trading strategies and enabling traders to make more informed decisions.
Settings Overview:
HTF Settings Enable HTF Analysis
Select timeframe {Select or 4H Chart}
Labels Alignment for Lines and Boxes
Inside bar ranges HTF
Break of Structure /Change of Character HTF
Inducements HTF
High/Low Markings HTF
High/Low Sweeps HTF
Extreme Order Blocks HTF
Decisional Order Blocks HTF
Smart Money Traps HTF
IDM Demands and Supplies HTF
Historical Order Blocks HTF
OB Mitigation HTF {touch/ extended}
Understanding the Features:
Chapter 1: Entries Enhancements
In this chapter, we delve into strategies to refine trading entries, focusing on the multi-timeframe analysis of extreme or decisional order blocks in the High Time Frame timeframe as a key point of interest. We highlight the significance of transitioning to the Low Time Frame chart for observing pivotal shifts in market behavior. By examining these concepts, traders can gain deeper insights into market dynamics and make more informed entries decisions at critical junctures.
Practical Example:
We had an Order Block Extreme on the 1-hour timeframe, and currently, we are on the recommended chart for trade entry, which is the 5-minute timeframe. We are patiently waiting to observe a 5-minute ChoCh in the market to enter a buying position since it's an OB Extreme Demand on the 1-hour timeframe. Here, it's crucial and important to focus on the entry timeframe rather than checking what's happening in the higher timeframe. The indicator facilitates this task as it provides us with real-time perspective and visibility of everything happening in the higher timeframe.
Chapter 2: Inducements HTF
It is important and useful to be aware of the various liquidity points across the different timeframes we use; sometimes, a reliable entry point in the Lower Time Frame (LTF) may be surrounded by inducements. Consequently, this point becomes unreliable, and prior to the arrival of this functionality, such anomalies could not be detected, especially when focusing on the market in the LTF. From now on, there will be no more such issues.
Practical Example:
Suppose we identify an Order Block Extreme on the 5M timeframe, indicating a potential entry level. However, when we switch to the 5M timeframe to look for an entry point, we observe an accumulation of inducements around this Order Block coming from a higher timeframe, whether it's M15 or H1. This suggests a potential weakness in the entry point and significant market liquidity, which will act as a trap zone. Before the introduction of this feature, we might have missed this crucial observation, but now we can detect these anomalies and adjust our strategy accordingly.
The only practical way to see theses confluences is to use this Indicator, see the example below
Chapter 03: High/Low – Bos - ChoCh Markings HTF
The High/Low Markings HTF feature in the MTF External Ranges Analysis - ERA - Orion provides a comprehensive view into the market's heartbeat across different timeframes, right from within the convenience of the Lower Time Frame (LTF). It meticulously highlights pivotal shifts, allowing traders to seamlessly discern market sentiment and anticipate potential price reversals without needing to toggle between multiple charts. This innovation ensures that critical market movements and sentiment across various timeframes are visible and actionable from a single, focused LTF perspective, enhancing decision-making and strategic planning in trading activities.
Understanding High/Low Markings in HTF Analysis
High/Low Markings in High Time Frame (HTF) analysis mark the market's extremities within a given period, pinpointing potential areas for reversals or continuation and delineating crucial support and resistance levels. These markings are not arbitrary but represent significant market responses, serving as essential indicators for traders and analysts to gauge market momentum and sentiment.
The Role of HTF in Market Analysis
HTF analysis extends a comprehensive view over market movements, distinguishing between ephemeral fluctuations and substantial trend shifts. By scrutinizing these high and low points across wider time frames, analysts can unravel the underlying market momentum, enabling more strategic, informed trading decisions.
Identifying High/Low Markings
Identifying these crucial points entails detailed chart analysis over extended durations—daily, weekly, or monthly. The search focuses on the utmost highs and lows within these periods, which are more than mere points on a chart. They are significant market levels that have historically elicited robust market reactions, serving as key indicators for future market behavior.
Real-world Example:
Chapter 04: Multiple Timeframes and Confluences on Extreme, Dec and SMT Order Blocks Across HTF
The Orion indicator serves as a bridge between the multiple dimensions of the market, enabling a unified and strategic interpretation of potential movements. It's an indispensable tool for those seeking to capitalize on major opportunity zones, where the convergence of diverse perspectives creates ideal conditions for significant market movements.
Designed to navigate through the data of different timeframes and market analysis, Orion provides a clear and consolidated view of major points of interest. With this indicator, traders can not only spot opportunity zones where consensus is strongest but also adjust their strategies based on the dynamic interaction of various market participants, all while remaining within the Lower Time Frame (LTF).
Conclusion:
MTF External Ranges Analysis - ERA - Orion for Smart Money Concepts as “ The Orion ” indicator captures consensus among scalpers, day traders , swing traders, and investors, turning key areas into major opportunities. It allows for precise identification of areas of interest by analyzing the convergence of actions from various market participants. In short, Orion is crucial for detecting and leveraging the most promising points of convergence in the market.
This identification occurs even while focusing on Lower Time Frames (LTF), allowing for detailed insights without losing the broader market perspective.
This document provides an extensive overview of MTF External Ranges Analysis - ERA - Orion , emphasizing its importance in comprehending market dynamics and utilizing essential smart money concepts trading principles.
Arbitrage Spread v3 : 12 spreads dashboard [Arby.Trade]This indicator allows you to track in real time the change in the spread (the difference in the exchange rate) between two assets simultaneously for 12 trading pairs.
⚙️ How does the indicator work?
In the indicator settings menu, the user selects two trading pairs, for example BTCUSDT on the Binance exchange and BTCUSDT on the Bybit exchange, after which the script will receive prices from both exchanges and compare them with each other, calculating the percentage deviation between prices (spread). The script will do this work with all 12 trading pairs added to the script settings menu. The script can only work with those assets and exchanges that are on board TradingView, and this is not a small thing.
⚡️ How to use it?
At times when the spread value is negative, this means that the price of the asset on the first exchange is less than on the second. That is, by buying an asset on the first exchange and selling it on the second one, you can earn money (of course, it is important to take into account the commissions of the exchanges for these transactions). When the spread is above zero, the opposite is true. The exchanges and the prices at which to buy are displayed in the green Buy row. Prices and exchanges for sale are in the Sell row and highlighted in red. When the spread is zero, the prices on both exchanges are the same and there is no arbitrage situation.
To improve the accuracy of the indicator, try to use the minimum timeframe available for your TradingView subscription – minute or second.
🕒 Counter of arbitration situations
For each trading pair, the table below the Buy row shows the number of arbitrage situations that have been on the asset for a certain period of time. In this case, an arbitrage situation is understood as the moment when the spread value exceeded the Signal Threshold Level set by the user. Each time the spread value of the Signal Threshold Level is exceeded, the counter will add one. The counter takes into account only those arbitrage situations that were on the market during the time period back from the current moment. For example, for a 1-hour period (1h) of the counter, the number of arbitration situations for the last hour will be displayed. For each asset you can simultaneously track the number of arbitrage situations during three selected time periods from 5 minutes to a day.
The counter will allow you to evaluate the prospects of arbitrage of selected trading pairs. For example, if the number of arbitrage situations on a trading pair was 1-2 within an hour, then it is obvious that it is better not to waste time waiting for another such situation on this pair and look for the next one.
🔔 Setting up Alerts
In the script settings, you can set the threshold value of the spread – Spread Signal Threshold. When this level is reached, the table related to the asset whose spread has reached this level will be highlighted. Also, this level is a signal level for setting up alerts from the indicator.
To set up alerts, open the Alerts tab in the TradingView menu on the right. Click the "Create Alert" button. Then, in the window that opens, select this indicator in the "Condition" line. After that, you can set a name for this alert and complete the notification setup by clicking the "Create" button.
We, the authors of this script, have been engaged in cryptocurrency arbitrage for a long time and, first of all, created it for ourselves and our daily arbitrage trading, but this does not prevent you from using it at your discretion for any types of assets and in any markets.
We have a lighter version of the indicator that allows you to track the spread for only one trading pair or three at the same time. In these versions you can also view the chart of the spread itself, which can be useful for assessing the nature of the spread movement in the history. If this indicator seems too heavy for you and your device, you can use these lighter versions:
🧩 Arbitrage Spread v1 : 1 pair + 1 chart
🧩 Arbitrage Spread v2 : 3 pairs + 3 charts
If, on the contrary, the capabilities of your hardware allow, do not forget that you can always add several indicators to your screen – for example, use the version with 12 pairs as a dashboard with many pairs, and in addition to it one of the versions with a spread chart and look at a more detailed picture of one or three instruments separately.
--
Данный индикатор позволяет отслеживать в реальном времени изменение спреда (разницы в курсе) между двумя активами одновременно для 12 торговых пар.
⚙️ Как устроен индикатор?
В меню настроек индикатора пользователь выбирает две торговые пары, например BTCUSDT на бирже Binance и BTCUSDT на бирже Bybit, после чего скрипт получит цены с обеих бирж и сравнит их между собой, рассчитав процентное отклонение между ценами (спред). Такую работу скрипт проделает со всеми 12 торговыми парами добавленными в меню настроек скрипта. Скрипт может работать только с теми активами и биржами, которые есть на борту TradingView, и это не мало.
⚡️ Как пользоваться?
В моменты, когда значение спреда отрицательное, это означает, что цена на актив на первой бирже меньше, чем на второй. То есть, купив актив на первой бирже и продав его на второй можно заработать (конечно при этом важно учитывать комиссии бирж на совершение данных сделок). Когда спред выше нуля - наоборот. Биржи и цены, по которым надо покупать отображаются в зеленой строке Buy. Цены и биржи для продажи – в строке Sell и выделены красным цветом. Когда спред равен нулю – цены на обеих биржах одинаковы и арбитражная ситуация отсутствует.
Для повышения точности работы индикатора старайтесь использовать минимально доступный для вашей подписки TradingView таймфрейм – минутный или секундный.
🕒 Счетчик арбитражных ситуаций
По каждой торговой паре в таблице под строкой Buy отображается количество арбитражных ситуаций, которые были на инструменте в течение определенного промежутка времени. В данном случае под арбитражной ситуацией понимается момент, когда значение спреда превысило установленный пользователем сигнальный уровень спреда Signal Threshold Level. При каждом превышении значения спреда уровня Signal Threshold Level счетчик будет прибавлять единицу. Счетчик учитывает только те арбитражные ситуации, которые были на рынке в течение временного периода назад от текущего момента. К примеру, для 1-часового периода (1h) счетчика будет отображаться количество арбитражных ситуаций за последний час. По каждому инструменту одновременно можно отслеживать количество арбитражных ситуаций в течение трех выбранных временных периода от 5 минут до суток.
Счетчик позволит оценить перспективность арбитража выбранных торговых пар. К примеру, если количество арбитражных ситуаций на торговой паре в течение часа было 1-2, то очевидно, что лучше не тратить время на ожидание очередной такой ситуации на данной паре и поискать следующую.
🔔 Настройка оповещений
В настройках скрипта можно настроить пороговое значение спреда – Spread Signal Threshold. При достижении этого уровня будет подсвечена таблица относящаяся к активу, спред которого достиг этого уровня. Так же, этот уровень является сигнальным для настройки оповещений от индикатора.
Для настройки оповещений откройте вкладку «Оповещения» в меню TradingView справа. Нажмите кнопку «Создать оповещение». Затем в открывшемся окне в строке «Условие» выберете данный индикатор. После чего вы можете задать название данному оповещению и завершить настройку оповещения, нажав кнопку «Создать».
Мы, авторы данного скрипта, давно занимаемся арбитражем криптовалюты и, в первую очередь, создавали его для себя и своей каждодневной арбитражной торговли, но это не мешает вам использовать его по своему усмотрению для любых видов активов и на любых рынках.
У нас есть более легкая версия индикатора, позволяющая отслеживать спред только по одной торговой паре или одновременно по трем. В этих версиях также можно просматривать график самого спреда, что может быть полезным для оценки характера движения спреда в истории. Если данный индикатор покажется для вас и вашего устройства слишком тяжелым вы можете воспользоваться этими более легкими версиями:
🧩 Arbitrage Spread v1 : 1 pair + 1 chart
🧩 Arbitrage Spread v2 : 3 pairs + 3 charts
Если, наоборот, возможности вашего железа позволяют, не забывайте, что вы всегда можете добавить себе на экран несколько индикаторов – например, версию с 12 парами использовать как дашборд с множеством пар, а в дополнение к ней одну из версий с графиком спреда и смотреть более детальную картину по одному или трем инструментам отдельно.
Arbitrage Spread v2 : 3 pairs + 3 charts [Arby.Trade]
This indicator allows you to track in real time the change in the spread (the difference in the exchange rate) between two assets for three trading pairs at the same time.
How does the indicator work?
In the indicator settings menu, the user selects two trading pairs, for example BTCUSDT on the Binance exchange and BTCUSDT on the Bybit exchange, after which the script will receive prices from both exchanges and compare them with each other, calculating the percentage deviation between prices (spread). This setting can be made for three trading pairs. Keep in mind that the script can only work with those assets and exchanges that are on board TradingView, and this is quite a lot.
According to the calculated value of spreads, the spread lines for three trading pairs are displayed on the screen. The spread lines move between values above zero and below. When the spread line is below zero, it means that the price of the asset on the first exchange is less than on the second. That is, by buying an asset on the first exchange and selling it on the second one, you can earn money (of course, it is important to take into account the commissions of the exchanges for these transactions). When the spread line is above zero, the opposite is true. When the spread is zero, the prices on both exchanges are the same and there is no arbitrage situation.
Indicator settings.
For a better visual representation of the current spread value, the indicator has the ability to set two threshold spread levels. The first threshold level is the level below which the spread is not interesting to the trader and he will not consider arbitrage deals. The second threshold level is the level of a particularly high spread. When the spread value exceeds the second threshold level, the spread values will be signed above the spread line, and the extreme values for the user-defined period of bars back will be additionally highlighted in a brighter color. Both threshold levels are displayed on the chart and the user can change their values in the indicator settings menu.
The script allows you to leave only one spread line on the chart for one of the three trading pairs, while maintaining the display of indicator tables for three trading pairs. The script also allows you to completely disable the display of unnecessary trading pairs.
If the volatility of the spread lines is too high and the spread lines from different trading pairs overlap each other, use the "Distance between charts" setting and increase its value until the display of all three charts becomes comfortable.
Alerts.
Additionally, you can set the threshold value of the spread, at which the script will send notifications from TradingView. We called it the Spread Signal Threshold. This threshold level has nothing to do with the visual thresholds described above. You can set a signal level exceeding the second visual threshold or make it lower, but it is important to understand that TradingView alerts will only be triggered if the Spread Signal Threshold is exceeded. This threshold level is common to all trading pairs, so notifications will be sent when this spread level is reached for any of the three trading pairs.
To set up alerts, open the "Alerts" tab in the TradingView menu on the right. Click the "Create Alert" button. Then, in the window that opens, select this indicator in the "Condition" line. After that, you can set a name for this alert and complete the notification setup by clicking the "Create" button.
We, the authors of this script, have been engaged in cryptocurrency arbitrage for a long time and, first of all, created it for ourselves and our daily arbitrage trading, but this does not prevent you from using it at your discretion for any types of assets and in any markets.
We have a lighter version of the indicator that allows you to track the spread for only one trading pair. If this indicator seems too heavy for you and your device, you can use a lighter version .
If, on the contrary, the capabilities of your hardware allow, do not forget that you can always add several copies of this indicator to your screen and simultaneously track not 3, but 6-9-12 and so on arbitrage pairs at the same time. ;)
--
Данный индикатор позволяет отслеживать в реальном времени изменение спреда (разницы в курсе) между двумя активами по трем торговым парам.
Как устроен индикатор?
В меню настроек индикатора пользователь выбирает две торговые пары, например BTCUSDT на бирже Binance и BTCUSDT на бирже Bybit, после чего скрипт получит цены с обеих бирж и сравнит их между собой, рассчитав процентное отклонение между ценами (спред). Такую настройку можно произвести для трех торговых пар. Учитывайте, что скрипт может работать только с теми активами и биржами, которые есть на борту TradingView, и это не мало.
По рассчитанному значению спредов на экран выводится линии спредов по трем торговым парам. Линии спредов двигаются между значениями то выше нуля, то ниже. Когда линия спреда ниже нуля это значит что цена на актив на первой бирже меньше, чем на второй. То есть, купив актив на первой бирже и продав его на второй можно заработать (конечно при этом важно учитывать комиссии бирж на совершение данных сделок). Когда линия спреда выше нуля - наоборот. Когда спред равен нулю - цены на обеих биржах одинаковы и арбитражная ситуация отсутствует.
Настройки индикатора.
Для лучшего визуального представления о текущем значении спреда индикатор имеет возможность задать два пороговых уровня спреда. Первый пороговый уровень – это уровень, ниже которого спред не интересен трейдеру и он не будет рассматривать арбитражные сделки. Второй пороговый уровень – это уровень особенно повышенного спреда. Когда значение спреда превышает второй пороговый уровень над линией спреда будут подписаны значения спреда, а экстремальные значения за заданный пользователем период баров назад будут дополнительно выделены более ярким цветом. Оба пороговых уровня отображаются на графике и пользователь может менять их значения в меню настроек индикатора.
Скрипт позволяет оставить на графике только одну линию спреда по одной из трех торговых пар, при этом сохранив отображение индикаторных таблиц по трем торговым парам. Также скрипт позволяет полностью отключить отображение ненужных торговых пар.
Если волатильность линий спреда слишком высока и линии спреда от разных торговых пар накладываются друг на друга воспользуйтесь настройкой «Distance between charts» и увеличивайте ее значение до тех пор пока отображение всех трех графиков не станет комфортным.
Уведомления.
Дополнительно можно настроить пороговое значение спреда, при достижении которого скрипт будет отправлять уведомления от TradingView. Мы назвали это Spread Signal Threshold. Этот пороговый уровень никак не связан с визуальными пороговыми уровнями, описанными выше. Вы можете задать сигнальный уровень превышающий второй визуальный пороговый уровень или сделать его ниже, но важно понимать, что оповещения TradingView будут срабатывать только от превышения именно Spread Signal Threshold. Этот пороговый уровень является общим для всех торговых пар, поэтому уведомления будут приходить при достижении этого уровня спреда по любой из трех торговых пар.
Для настройки оповещений откройте вкладку «Оповещения» в меню TradingView справа. Нажмите кнопку «Создать оповещение». Затем в открывшемся окне в строке «Условие» выберете данный индикатор. После чего вы можете задать название данному оповещению и завершить настройку оповещения, нажав кнопку «Создать».
Мы, авторы данного скрипта, давно занимаемся арбитражем криптовалюты и, в первую очередь, создавали его для себя и своей каждодневной арбитражной торговли, но это не мешает вам использовать его по своему усмотрению для любых видов активов и на любых рынках.
У нас есть более легкая версия индикатора, позволяющая отслеживать спред только по одной торговой паре. Если данный индикатор покажется для вас и вашего устройства слишком тяжелым вы можете воспользоваться более легкой версией .
Если, наоборот, возможности вашего железа позволяют, не забывайте, что вы всегда можете добавить себе на экран несколько копий этого индикатора и отслеживать одновременно не 3, а 6-9-12 и тд арбитражных пар одновременно. ;)
EMA Crossover Strategy with RSI Filter BIGTIME 5mThis script essentially creates a trading strategy that goes long when there is an EMA crossover, but only if the RSI is below a certain overbought level. It goes short when there is an EMA crossunder, but only if the RSI is above a certain oversold level. The moving averages are plotted on the chart for visual reference.
SCALPING 5m
Pairs: BIGTIME/USDT--- API3/USDT---BAKE/USDT--- ZIL/USDT
Arbitrage Spread v1 : 1 pair + 1 chart [Arby.Trade]This indicator allows you to track in real time the change in the spread (the difference in the exchange rate) between two assets.
How does the indicator work?
In the indicator settings menu, the user selects two trading pairs, for example BTCUSDT on the Binance exchange and BTCUSDT on the Bybit exchange, after which the script will receive prices from both exchanges and compare them with each other, calculating the percentage deviation between prices (spread). The script can only work with those assets and exchanges that are on board TradingView.
According to the calculated spread value, the spread line is displayed on the screen. This line moves between values above zero and below. When the spread line is below zero, it means that the price of the asset on the first exchange is less than on the second. That is, by buying an asset on the first exchange and selling it on the second one, you can earn money (of course, it is important to take into account the commissions of the exchanges for these transactions). When the spread line is above zero, the opposite is true. When the spread is zero, the prices on both exchanges are the same and there is no arbitrage situation.
Indicator settings.
For a better visual representation of the current spread value, the indicator has the ability to set two threshold spread levels. The first threshold level is the level below which the spread is not interesting to the trader and he will not consider arbitrage deals. The second threshold level is the level of a particularly high spread. When the spread value exceeds the second threshold level, the spread values will be signed above the spread line, and the extreme values for the user-defined period of bars back will be additionally highlighted in a brighter color. Both threshold levels are displayed on the chart and the user can change their values in the indicator settings menu.
Alerts.
Additionally, you can set the threshold value of the spread, at which the script will send notifications from TradingView. We called it the Spread Signal Threshold. This threshold level has nothing to do with the visual thresholds described above. You can set a signal level exceeding the second visual threshold or make it lower, but it is important to understand that TradingView alerts will only be triggered if the Spread Signal Threshold is exceeded.
To set up alerts, open the "Alerts" tab in the TradingView menu on the right. Click the "Create Alert" button. Then, in the window that opens, select this indicator in the "Condition" line. After that, you can set a name for this alert and complete the notification setup by clicking the "Create" button.
We, the authors of this script, have been engaged in cryptocurrency arbitrage for a long time and, first of all, created it for ourselves and our daily arbitrage trading, but this does not prevent you from using it at your discretion for any types of assets and in any markets.
--
Данный индикатор позволяет отслеживать в реальном времени изменение спреда (разницы в курсе) между двумя активами.
Как устроен индикатор?
В меню настроек индикатора пользователь выбирает две торговые пары, например BTCUSDT на бирже Binance и BTCUSDT на бирже Bybit, после чего скрипт получит цены с обеих бирж и сравнит их между собой, рассчитав процентное отклонение между ценами (спред). Скрипт может работать только с теми активами и биржами, которые есть на борту TradingView, и это не мало.
По рассчитанному значению спреда на экран выводится линия спреда. Данная линия двигается между значениями то выше нуля, то ниже. Когда линия спреда ниже нуля это значит что цена на актив на первой бирже меньше, чем на второй. То есть, купив актив на первой бирже и продав его на второй можно заработать (конечно при этом важно учитывать комиссии бирж на совершение данных сделок). Когда линия спреда выше нуля - наоборот. Когда спред равен нулю - цены на обеих биржах одинаковы и арбитражная ситуация отсутствует.
Настройки индикатора.
Для лучшего визуального представления о текущем значении спреда индикатор имеет возможность задать два пороговых уровня спреда. Первый пороговый уровень – это уровень, ниже которого спред не интересен трейдеру и он не будет рассматривать арбитражные сделки. Второй пороговый уровень – это уровень особенно повышенного спреда. Когда значение спреда превышает второй пороговый уровень над линией спреда будут подписаны значения спреда, а экстремальные значения за заданный пользователем период баров назад будут дополнительно выделены более ярким цветом. Оба пороговых уровня отображаются на графике и пользователь может менять их значения в меню настроек индикатора.
Уведомления.
Дополнительно можно настроить пороговое значение спреда, при достижении которого скрипт будет отправлять уведомления от TradingView. Мы назвали это Spread Signal Threshold. Этот пороговый уровень никак не связан с визуальными пороговыми уровнями, описанными выше. Вы можете задать сигнальный уровень превышающий второй визуальный пороговый уровень или сделать его ниже, но важно понимать, что оповещения TradingView будут срабатывать только от превышения именно Spread Signal Threshold.
Для настройки оповещений откройте вкладку «Оповещения» в меню TradingView справа. Нажмите кнопку «Создать оповещение». Затем в открывшемся окне в строке «Условие» выберете данный индикатор. После чего вы можете задать название данному оповещению и завершить настройку оповещения, нажав кнопку «Создать».
Мы, авторы данного скрипта, давно занимаемся арбитражем криптовалюты и, в первую очередь, создавали его для себя и своей каждодневной арбитражной торговли, но это не мешает вам использовать его по своему усмотрению для любых видов активов и на любых рынках.
Volume Footprint Voids [BigBeluga]Volume Footprint Voids is a unique tool that uses lower timeframe calculation to plot different styles of single candle POC.
This indicator is very powerful for scalping and finding very precise entry and exits, spotting potential trapped traders, and more.
Unlike many other volume profiles, this aims to plot single candle profiles as well as their own footprints.
🔶 FEATURES
The script includes the following settings:
Windows: Plotting style and calculations
Coloring modes
Display modes
lower-timeframe calculations
🔶 CALCULATION
In the image above we can see how the script calculates each level position that will serve as a calculation process to see how much volume/closes there are within the levels.
In the image above, we can have a more clear example of how we count each candle close.
We use the prior screenshot as an example, after setting each level we will use the lower-timeframe input to measure the amount of closes within the ranges.
Depending on the lot size, the box will be larger or smaller, usually the POC will always have the highest box size.
NOTE: Size is the starting point, always from the low of the candle.
To find more voids, select a closer LTF to the current one you're using.
To find fewer voids, select a timeframe away from your current one.
Due to Pine Script limitations, we are only able to plot a certain amount of footprints, and we can't plot the whole history chart.
POC will be the largest block displayed, indicating the time point of control
Gray areas are closes above the average
Black are Void or imbalance that price will fill in the future, like FVG
The image above shows an incorrect size input that will lead to bad calculations, while on the other side, a correct size input that will lead to a clear vision and better calculation.
🔶 WINDOWS
The "▲▼" Mode will display delta buyers and delta sellers coloring with voids as black.
It also offers a gradient mode for a beautier visualization
The "Total Volume" mode will display the net volume within the lot size (closes within the levels).
This is useful to spot possible highest net volume within the same highest lot size.
The "POC + Gaps" will show both POC and Gaps as the highest block while all the rest will be considered as the smaller block.
This is useful to see where the highest lot were and if there are higher or lower imbalances within the candle
The last option "Gaps" will simply display the gaps as the highest block, while the POC as the lowest block.
This is useful to have a better view of the gaps areas
🔶 EXAMPLE
This is one of the most basic examples of how this script can be used. POC at the bottom creating a strong support area as price holds and creates higher voids gap that price fills while rising.
🔶 SETTINGS
Users have full control over the script, from colors to choosing the lower-timeframe inputs to disabling the lot size.
5 ema strategyThis Strategy is based of Subhashish Pani's (power of stocks) 5 EMA Strategy.strategy used for sell in 5 minutes and for buy in 15 minutes ..
Rules for this strategy ..
Sell signal -
1) if price is above 5 Ema and not touching Ema use as alert candle..
2) if price break low of alert candle strategy open trade ..
3) if price move more upside low of alert candle keep change into next candle ..
4) input we can select number of trade per day .as rule should take only 4 signal should execute
5) stop loss is fixed highest high of last 2 candle and take profit is input multiply of stop loss
buy signal-
1) if price is below 5 Ema and not touching Ema use as alert candle..
2) if price break high of alert candle strategy open trade ..
3) if price move more downside high of alert candle keep change into next candle ..
4) input we can select number of trade per day .as rule should take only 4 signal should execute
5) stop loss is fixed lowest low of last 2 candle and take profit is input multiply of stop loss
notes -input can be selected which side should take signal either buy or sell side ...number of trade can be adjusted ..
Disclaimer -Traders can use this script as a starting point for further customization or as a reference for developing their own trading strategies. It's important to note that past performance is not indicative of future results, and thorough testing and validation are recommended before deploying any trading strategy.
WPO Modified [BackQuant]The Wave Period Oscillator (WPO), developed by Akram El Sherbini, is a sophisticated technical analysis tool that offers traders a dynamic way to interpret market cycles. Its design is inspired by the natural ebb and flow of markets, which often follow cyclical patterns driven by underlying economic, political, and psychological factors. The oscillator's unique contribution to market analysis lies in its ability to smooth out the "noise" inherent in daily price movements, thus providing a clearer view of the market's rhythmic fluctuations over time.
-----> Time Cycle Oscillators' in the IFTA Journal 2018 (page 66 - 77), as found below:
ifta.org
El Sherbini's WPO is grounded in the concept of wave period analysis, which suggests that financial markets move in waves or cycles. The oscillator translates these movements into a visual tool that oscillates above and below a central zero line. Peaks and troughs on the oscillator correspond to the crests and troughs of market price waves, providing a visual representation of the market's heartbeat.
The WPO is not merely a tool for identifying trends but also for detecting shifts in market momentum. It does this through a mathematical model that measures divergence—when the direction of the oscillator deviates from the direction of price movement. Such divergences can be precursors to potential reversals or continuations in the market, offering traders advance notice of significant changes in price direction.
Further refining its utility, the WPO incorporates methods for calculating divergence that are sensitive to the unique conditions of different markets and securities. This includes adjusting for volatility and market velocity, allowing the oscillator to provide relevant signals regardless of the market environment.
In practical terms, traders use the WPO to time their entries and exits with greater precision. When the oscillator shows a high peak or a deep trough, it can signal that a market is potentially overbought or oversold, respectively. The WPO's smoothing property ensures that these signals are not just reactionary to short-term price spikes or drops, but indicative of more substantial, sustained movements.
By providing a more measured and smoothed analysis of market cycles, the WPO helps to filter out insignificant price movements and focus on the ones that matter—those that indicate a significant wave of buying or selling pressure. This can be particularly valuable in the cryptocurrency markets, where volatility is high, and traditional indicators may struggle to provide clear signals.
For traders and analysts alike, the Wave Period Oscillator represents a convergence of technical precision and market psychology. By focusing on the periodic nature of market movements, it aligns traders with the rhythm of the markets, potentially leading to more harmonious trading decisions that are in step with the market's natural waves.
Please see the backtest here:
For more simple terms:
You can use this indicator as a the oscillator
Above 0 for long
Below 0 for short
OR
WPO MA
Above 0 for long
Below 0 for short
GOLD MonitorI'm using this platform from sometime and I carry out trading on Gold, using a kind of scalping strategy.
Scalping is not an easy task to do. Personally I found a lot of problems while detecting the trend direction.
So I decided to develop an indicator that is capable, in a discrete way, to give an instant-view on the market that is interesting.
This indicator can summarize in a small table all interesting figures related to gold scalping trading and is useful while joined with technical and fundamental analysis.
In this way it is possible to easy take under control all important aspects related to gold trading that I summarize here and you can find inside the table:
1) Gold / USD current direction
2) USD dollar strength (instant DXY) indicator take under consideration the DXY value every each tick and measures the increase or decrease in percentage. If there is a decrease the indicator displays a red low arrow, if there is an increase the indicator displays a green high arrow
also Gold friends are important so it is possible to find also:
3) NZDUSD (that is a Gold friend) variation percentage. If there is a decrease the indicator displays a red low arrow, if there is an increase the indicator displays a green high arrow
4) AUDUSD (that is a Gold friend) variation percentage. If there is a decrease the indicator displays a red low arrow, if there is an increase the indicator displays a green high arrow
then it is possible to find DXY USD dollar strength calculated between previous period (e.g. in timeframe M5 last 5 minutes) and current period (current 5 minutes). This indication is represented by an high arrow if there has been an increase, or by an low arrow if there has been a decrease.
Last but not least the information about the Gold trend itself with the possible forecast for the current period. This information must be carefully interpreted together with other instruments for technical analysis like Fibonacci lines.
"Daily Range with Filtre [Hunter_Algo]
- The script calculates the high and low ranges based on the specified session time, such as the Asia Liquidity session.
- It uses the timeinrange function to determine if the current bar is within the specified session.
- High and low values are updated based on whether the current high or low surpasses the previous values within the specified session.
- The script includes functions to convert day strings to integers and style strings to enumeration values.
- There are additional inputs related to the start and end of the day range, as well as colors and styles for various elements.
- The script calculates daily high (Dh), daily low (Dl), and other variables based on certain conditions, including the day of the week.
CryptoSignalScanner - DeFib v2 indicatorDESCRIPTION:
The DeFib indicator combines Moving Averages data points, Fibonacci sequence calculations and other methods to help traders make better decisions when it comes to entering and exiting trades at different time intervals. By analyzing these data points, the indicator provides valuable insights into the market trends and helps traders determine optimal moments to enter or exit a trade. Moving Averages helps smooth out price fluctuations over a specified period, providing a clearer picture of the overall market direction. The DeFib indicator uses a mix of these averages and Fibonacci methods to increase its chances of finding good trade opportunities. Whether analyzing short-term trends or longer-term patterns, this indicator assists traders in identifying favorable entry and exit points, thereby supporting more informed and strategic trading decisions.
By using Moving Averages data points based on the Fibonacci Sequence (+ some extra calculations we don't wish to share), we incorporate a unique perspective into the analysis. It helps to identify key levels of interest, potential trend reversals, and areas where price action may align with Fibonacci retracement levels. The Fibonacci Sequence is a mathematical sequence in which each number is the sum of the two preceding numbers (e.g., 0, 1, 1, 2, 3, 5, 8, 13, 21, and so on).
As a result of this information some L1, L2, S1 and S2 labels are printed on the chart. The labels are printed when a candle has been closed. Those labels are an indication when to enter or exit a trade. How to use those labels is described in the section "HOW TO USE" below.
This indicator is versatile and can be used on any timeframe, offering a wide range of features to support traders in their decision-making process. Here are some key aspects of this indicator:
User-Friendly:
Traders can easily customize all the settings according to their preferences, ensuring a personalized trading experience.
Long Signals:
The indicator provides both normal and strong long signals, which assist traders in identifying potential reversals in the market. These signals act as confirmation for traders to consider entering a long position.
Short Signals:
Similarly, the indicator offers normal and strong short signals, helping traders identify and confirm potential market reversals for short positions.
Fibonacci Sequence Calculation:
The calculation of the Long and Short labels is based on the Fibonacci Sequence, a mathematical pattern widely used in technical analysis. This adds a reliable and systematic approach to the indicator's signal generation.
Stop Loss:
When initiating a trade, it is our standard practice to implement a stop loss order based on the stop loss signal derived from the current or preceding candle. These stop loss signals are generated using the Average True Range (ATR) indicator.
Overlays:
The indicator includes overlays that visually represent market trends. These overlays identifying support and resistance levels, and providing valuable insights into the overall market behaviour.
Trend Table Box:
Traders can access a trend table box that displays the prevailing trend across different timeframes. This feature allows traders to assess the trend's strength and consistency. Additionally, users have the flexibility to adjust the timeframes based on their trading preferences.
Long/Short Alerts:
The indicator offers the functionality to add alerts for both long and short positions. Traders can set up notifications to be alerted when specific conditions are met, ensuring they stay informed even when they're not actively monitoring the charts.
Overall, this indicator provides traders with a comprehensive set of tools and features to enhance their trading decisions. Its user-friendly nature, combined with the inclusion of various signals, overlays, trend analysis, and alerts, enables traders to make informed choices and adapt to different market conditions effectively.
HOW TO USE:
This indicator incorporates specific signals that provide valuable insights into potential trend reversals in the market. Here's how each signal type is interpreted:
L1 (Long) Signal:
When an L1 signal appears, it suggests a potential uptrend reversal. Traders should pay attention to this signal as it indicates a possible shift from a downtrend to an uptrend. It serves as an early indication of a potential upward movement in prices. This is the fist point where we can take a long position. If we want to invest $100 into this trade we invest a maximum of $50 at this point. Don't forget to put a stop loss as described below in the "STOP LOSS" section.
L2 (Long) Signal:
An L2 signal acts as confirmation of the potential uptrend reversal identified by the L1 signal. When an L2 signal emerges, it strengthens the case for an upcoming uptrend. Traders may consider this signal as a stronger indication to support their decision to enter a long position. This is the point where we can invest another $50 if we already invested on the L1 signal. If we did not invested yet and we still see a clear reversal we enter the trade here with $100. Don't forget to put a stop loss as described below in the "STOP LOSS" section.
S1 (Short) Signal:
When an S1 signal is generated, it suggests a potential downtrend reversal. Traders should take note of this signal as it indicates a possible shift from an uptrend to a downtrend. It serves as an early indication of a potential downward movement in prices. This is the fist point where we can take a short position. If we want to invest $100 into this trade we invest a maximum of $50 at this point. Don't forget to put a stop loss as described below in the "STOP LOSS" section.
S2 (Short) Signal:
An S2 signal confirms the potential downtrend reversal identified by the S1 signal. When an S2 signal emerges, it reinforces the likelihood of an upcoming downtrend. Traders may consider this signal as a stronger indication to support their decision to enter a short position. This is the point where we can invest another $50 if we already invested on the S1 signal. If we did not invested yet and we still see a clear reversal we enter the trade here with $100. Don't forget to put a stop loss as described below in the "STOP LOSS" section.
These signals provide traders with a systematic framework to identify and evaluate potential reversals in market trends. By combining the information provided by both the L1 and L2 signals (for uptrends) or the S1 and S2 signals (for downtrends), traders can gain more confidence in their assessments of trend reversals. This indicator offers traders a valuable tool to capitalize on these reversal opportunities and make more informed trading decisions.
It is important to exercise caution and avoid blindly following the signals generated by the indicator. Instead, it is recommended to seek additional confirmations from other technical indicators such as the RSI (Relative Strength Index), MACD (Moving Average Convergence Divergence), or any other indicators that you are familiar with and trust.
While the signals provided by the indicator can be a useful starting point, relying solely on them may not always guarantee accurate predictions. By considering other technical indicators, traders can gain a more comprehensive view of the market conditions and validate the signals received from the indicator.
The RSI is a popular momentum oscillator that measures the speed and change of price movements. It helps traders identify overbought and oversold conditions, giving insights into potential trend reversals. The MACD, on the other hand, combines moving averages to provide signals for trend identification, as well as momentum and divergence analysis.
By utilizing these additional indicators or any others that you are familiar with, you can confirm the signals generated by the indicator under consideration. This approach enhances the reliability of your trading decisions by adding another layer of analysis and reducing the potential for false signals.
Each trader may have their preferred set of technical indicators based on their trading style and experience. It is important to select indicators that align with your trading strategy and complement the signals received from the indicator in question. This way, you can make more informed and well-rounded trading decisions, increasing the probability of successful trades and minimizing potential risks.
Stop Loss:
When initiating a trade, it is our standard practice to implement a stop loss order based on the stop loss signal derived from the current or preceding candle. These stop loss signals are generated using the Average True Range (ATR) indicator.
By employing a stop loss order, we aim to limit potential losses in case the trade moves against our anticipated direction. The stop loss signal, determined from the current or previous candle, provides a specific level at which the stop loss order is placed.
The Average True Range indicator is utilized to gauge the volatility of the market and determine an appropriate stop loss level. It takes into account the price range of the asset over a defined period, considering both high and low price points. By using the ATR, we can identify an optimal stop loss level that accounts for the asset's recent price fluctuations.
Implementing a stop loss based on the ATR-derived signal adds a layer of risk management to our trading strategy. It helps mitigate potential losses by automatically triggering the stop loss order if the price reaches or exceeds the predetermined level. This approach allows us to protect our capital and minimize the impact of adverse price movements.
It is important to note that the ATR-based stop loss signals should be used in conjunction with other analysis techniques and indicators. They serve as a dynamic reference point that considers market volatility, ensuring the stop loss level is adjusted accordingly.
By incorporating stop loss orders based on the stop loss signals derived from the current or previous candle using the ATR indicator, we aim to safeguard our trades and manage risk effectively. However, it is important to continually monitor and adjust the stop loss level as market conditions evolve, adhering to our risk management strategy throughout the duration of the trade.
Candlestick Sequence:
The Candlestick Sequence is a calculation used to identify potential trend reversal points in the financial markets. It consists of two main components, the Candlestick Sequence and the Candlestick Reversal. The Candlestick Sequence and Candlestick Reversal offer a structured way to identify potential reversals in the market.
WARNING:
• It is not advisable to engage in Leverage Trading unless you possess chart reading skills.
• It is not advisable to engage in Leverage Trading unless you are capable of interpreting technical indicators such as RSI, Moving Average, MACD, and others.
• It is crucial not to blindly follow trading signals without conducting your own analysis (DYOR - Do Your Own Research).
• Avoid succumbing to FOMO (Fear Of Missing Out) and impulsively entering trades. If you miss an entry point, it is important to let it go and patiently wait for the next potential entry point.
Leverage trading involves trading with borrowed funds, which amplifies both potential profits and losses. To participate in this form of trading, it is imperative to possess a certain level of expertise and knowledge. One key requirement is the ability to read and analyze charts effectively. Chart reading involves understanding various chart patterns, price movements, and support and resistance levels, among other factors. Without this skill, it can be challenging to make informed decisions and manage risk appropriately.
Additionally, leverage trading relies on technical indicators to identify potential trading opportunities and gauge market conditions. It is essential to have the ability to interpret indicators such as RSI, Moving Average, MACD, and others, as they provide valuable insights into market trends, momentum, and potential reversals. Ignoring or misunderstanding these indicators can lead to incorrect trading decisions and increased risk exposure.
Moreover, it is crucial not to blindly rely solely on trading signals, including those generated by indicators or other sources. While signals can be helpful, they should always be complemented by conducting one's own analysis. This entails conducting thorough research, considering multiple factors, and validating the signals with additional indicators or technical analysis techniques. This approach helps in making more informed and well-rounded trading decisions.
Finally, FOMO can be a detrimental emotion that drives impulsive and irrational trading behavior. It is important to avoid entering trades solely because of the fear of missing out on potential profits. If an entry point is missed, it is recommended to exercise patience and discipline by waiting for the next suitable opportunity. This approach helps to avoid unnecessary risks and maintain a more strategic and calculated trading approach.
By adhering to these warnings and taking the necessary precautions, traders can approach leverage trading more responsibly and increase their chances of success while mitigating potential losses.
REMARKS:
• It is important to emphasize that any information or content you encounter here is not intended as financial advice. We want to make it clear that we are not authorized or qualified to provide personalized investment advice. Our content, including ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, should be viewed strictly as informational, entertaining, or educational material.
• We emphasize that you should not construe the information provided here as personal investment advice or as a recommendation to take specific investment actions. It is crucial to conduct your own research, consider your individual financial circumstances, and consult with a qualified financial professional before making any investment decisions.
• While we aim to provide accurate and reliable information, we cannot guarantee the absence of errors or inaccuracies. Therefore, it is recommended to independently verify any information provided and exercise your own judgment when using it for decision-making purposes.
• Please be aware that any actions you take based on the information found here are done so at your own risk. We disclaim any liability for the consequences of your actions or decisions stemming from the information presented.
• Our intention is to provide helpful information that can contribute to your overall understanding and assist you in making better-informed decisions. However, it is essential to exercise caution, seek professional advice, and take responsibility for your investment choices.
Cheers & Good luck.
Brutal scalps [Sublime Traders]The "Brutal Scalps" indicator is designed for both novice and expert traders looking to take advantage of short-term price movements. This powerful tool provides a multi-timeframe trend analysis along with dynamic Take Profit (TP) and Stop Loss (SL) levels, enhancing your trading decisions and risk management.
Features:
Multi-Timeframe Trend Analysis - You get a bird's eye view of the main oscillators on the selected timeframe
Last trade panel - Overview of the last trade values: TPs, SL and entry along with a quick stat on the performance over the last 10 trades
Baseline - MA based on either volatility or volume . Changes color depending on the angle and the consolidation area threshold that can be modified.
ATR(Average True Range) dynamic take profits and stop losses
Trend color - Can be enabled to highlight local trend start and end
Leverage setting
This setting is used to send a leverage amount with your alerts, this can be useful if you send your alerts though webhooks.
Signalling type - Classic
The original Brutal scalps signal detection mechanism based on order block/ engulfing candle detection only. Conditions in the MTF trend analysis panel must be met.
Signalling type - Breakout
Prioritizes candle formation that break a given number of candle formation(Eg. Highest high in the last x candles) , combined with the baseline entry condition
Signalling type - Trend following
Angled more towards longer direction moves. Uses adx combined with the price relationship to the 200MA
Key levels zone- Plots the liquidity pockets on the chart
Swing detections- uses moving averages that are plotted in regards to the selected number of candles.
Candle colors - The yellow candles are bullish engulfing candles, while the purple candles are bearish engulfing candles. These candles are also highlighted because their volume exceeds that of the previous 10 candles.
Peak profit - shows a label that displays the highest profit level reached after the signal was triggered , multiplied by the leverage in the input.
How to use:
Brutal Scalps is like your battle plan, you prepare for facing the markets with tools and insights.
1. Use the Multi TF Trend settings to set up the Trend Table in the top right (default position) panel. This will give you an overview of the oscillators in the selected timeframe. You should always watch a higher timeframe than the one you are using on the chart.
Ex.: If you are charting 15m , use the 1hr setting on the trend panel.
2. The baseline is one of the key factors in signal identification, use this wisely. The baseline consolidation threshold is the sensitivity of the line to stagnating candles. If the market is static and no trades come out , it might be because the threshold is set too high. The default of 3 should be a good fit for most setups. Just bare in mind that the higher the threshold the more candles will be considered as a consolidation area. Higher threshold also means better confirmation but also less trades coming in.
3. Signalling types can and should be used in regards to the current market formation.
Examples:
- If a market is moving in a stairs pattern, a good way to tackle it would be through the breakout signalling type.
- When the market is clearly trending, the use of the trend following type is most suited.
- If you want an all-rounder setup that is a jack of all trades but master of nothing, then the Classic type would be the most suited.
Additionally, if the market is extremely undecided and the above types don't perform that well on their own, the use of Allow Opposite Signal Only can reduce losses by only posting trades that are in the opposite direction, no more consecutive buys or sells.
Set the key levels zones to have extra manual confirmation. These zones are based on order blocks and highlight important liquidity areas. While these don't have any direct impact on the signal recognition, they can help to visually validate them.
Kalman MomentumKalman Filter
The Kalman Filter is an algorithm used for recursive estimation and filtering of time-series data. It was developed by Rudolf E. Kálmán in the 1960s and has found widespread applications in various fields, including control systems, navigation, signal processing, and finance.
The primary purpose of the Kalman filter is to estimate the state of a dynamic system based on a series of noisy measurements over time. It operates recursively, meaning it processes each new measurement and updates its estimate of the system state as new data becomes available.
Kalman Momentum Indicator
This indicator implements the Kalman Filter to provide a smoothed momentum indicator using returns. The momentum in this indicator is calculated by getting the logarithmic returns and then getting the expected value.
The Kalman calculation in this indicator is used to filter and predict the next value based on the logarithmic returns expected value.
Here's a simplified explanation of the steps and how they are applied in the Script:
State Prediction: Predict the current state based on the previous state estimate.
Error Covariance Prediction: Predict the covariance of the prediction error.
Correction Step:
Kalman Gain Calculation: Calculate the Kalman gain, which determines the weight given to the measurement.
State Correction: Update the state estimate based on the measurement.
Error Covariance Correction: Update the error covariance.
In this Script, the Kalman Filter is applied to estimate the state of the system, with two state variables.
When the Kalman Momentum is above 0, there is positive momentum or positive smoothed expected value.
When the Kalman Momentum is below 0, there is negative momentum or negative smoothed expected value.
How to Use:
Trend Identification:
Positive values of the Kalman Momentum Indicator indicates positive expected value, while negative values suggest negative expected value.
You can look for changes in the sign of the indicator to identify potential shifts in market direction.
Volatility Analysis:
Observe the behavior of the indicator during periods of high and low volatility. Changes in the volatility of the Kalman Momentum Indicator may precede changes in market conditions.
Filtering Noise:
The Kalman Filter is known for its ability to filter out noise in time series data. Use the Kalman Momentum Indicator to filter out the noise in momentum to catch the trend more clearly.
Squeezes:
At time there may be squeezes, and these are zones with low volatility. What could follow after these zones are expansions and huge trending moves.
Indicator Settings:
You can change the source of the calculations.
There is also a lookback for the log returns.
Understanding Expected Value in Trading:
The Expected Value is a fundamental concept that shows the potential outcomes of a trading strategy or individual trade over a series of occurrences. It is a measure that represents the average outcome when a particular action is repeated multiple times.
Images of the indicator:
buyer_seller_scalping_indicatorThis code is a custom script designed for analyzing trading volume within a specific time window on the TradingView platform. It offers a comprehensive analysis of buying and selling activity during a defined period and provides visual aids and data summaries for traders to make informed decisions. Here's a detailed breakdown of its functionality and how to use it:
1. Custom Time Period: The script starts by allowing you to specify a custom time period for analysis. In this example, it's set from 04:00 to 09:29. You can modify these time values to suit your specific trading needs.
2. Volume Calculation: The script calculates buying and selling volume based on price levels. It takes into account the open, high, low, and close prices to determine whether buying or selling pressure is dominant during the specified time frame.
3. Total Volume Calculation: It calculates the total volume within the custom time period. This can help you gauge the overall activity and liquidity during the chosen time window.
4. Visualizations: The script then plots visual elements on the chart:
- A volume histogram, which provides a graphical representation of the total volume during the time period.
- Buying and selling volume indicators, which are shown as circles on the chart, highlighting the relative strength of buyers and sellers.
- An average volume line, represented in gray, which helps you identify the average trading volume over a 50-period moving average.
5. Volume Type Determination: The script determines whether buyers or sellers dominate the market during the specified time period. It labels this as "Buyers Volume > Sellers Volume," "Sellers Volume > Buyers Volume," or "Buyers Volume = Sellers Volume." This information can be crucial for assessing market sentiment.
6. Percentage Breakdown: The script calculates the percentage of buying and selling volume in relation to the total volume, helping you understand the distribution of market participants. These percentages are displayed in a table.
7. Table Display: Finally, the script creates a table that displays the following information:
- The current volume type (buyers, sellers, or balanced), with corresponding text colors.
- The percentage of buyers and sellers in the market.
How to Use:
1. Copy the script and add it as a custom script on TradingView.
2. Apply the script to your desired financial chart.
3. Adjust the custom time period if needed.
4. Interpret the visual elements and table to gain insights into market sentiment and volume distribution during the specified time frame.
5. Use this information to inform your trading decisions and strategies, especially when trading within the chosen time window.
This script is a valuable tool for traders seeking to understand market dynamics and volume behavior during specific trading hours, ultimately aiding in more informed trading decisions.
Disclaimer:
The indicator provided herein is experimental and has not undergone comprehensive testing. Its usage is solely at your own risk.
The publisher assumes no responsibility for any trading decisions made based on the utilization of this indicator.
RenkoIndicatorIntroduction:
The Renko Indicator is a powerful tool designed to help traders identify trends and potential trade opportunities in the financial markets. This indicator overlays a Renko chart on the main price chart and generates Buy and Sell signals based on Renko brick movements. Renko charts are unique in that they focus solely on price movements, ignoring the element of time. In this guide, we will walk you through how to use the Renko Indicator effectively in your trading strategy.
Indicator Components:
The Renko Indicator consists of several components, each serving a specific purpose in aiding your trading decisions.
Market Sentiment Calculation:
At the top of the script, the indicator calculates market sentiment by analyzing recent price action. It determines whether the market sentiment is Bullish, Bearish, or Neutral based on the highest and lowest prices within specific time periods. This information provides you with a broader context for potential trading decisions.
Renko Chart Creation:
The indicator creates a Renko chart overlay on the main price chart using the Average True Range (ATR) method. ATR is used to calculate the brick size for the Renko chart, allowing you to adjust the sensitivity of the chart to price movements.
Renko Open and Close Midpoint:
The script plots the midpoint of Renko open and close prices as a line on the main chart. This visualization helps you understand the direction of Renko bricks and identify trends.
Buy and Sell Signal Generation:
The script generates Buy and Sell signals as label shapes on the chart. A Buy signal is generated when the Renko close price crosses above the Renko open price, indicating potential upward momentum. Conversely, a Sell signal is generated when the Renko close price crosses below the Renko open price, suggesting potential downward momentum.
Alert Conditions:
To ensure you never miss a trading opportunity, the script sets up alert conditions for Buy and Sell signals. These alerts notify you when the specified conditions for potential trades are met. Alerts can be customized to your preference, allowing you to receive notifications via your chosen communication channels.
How to Use the Renko Indicator:
Market Sentiment Analysis:
Start by analyzing the calculated market sentiment. This information helps you understand the broader trend in the market. A Bullish sentiment indicates potential upward movement, a Bearish sentiment suggests potential downward movement, and a Neutral sentiment signals uncertainty.
Renko Chart Interpretation:
Observe the Renko chart overlay and its midpoint line. Upward-trending Renko bricks suggest Bullish momentum, while downward-trending bricks indicate Bearish momentum. Use the Renko chart to identify trends and confirm your trading bias.
Buy and Sell Signals:
Pay close attention to the Buy and Sell signals generated by the indicator. A Buy signal occurs when the Renko close price crosses above the Renko open price. Conversely, a Sell signal occurs when the Renko close price crosses below the Renko open price. These signals highlight potential entry points for trades.
Alert Notifications:
Make use of the alert conditions to receive real-time notifications for Buy and Sell signals. Alerts help you stay informed even when you're not actively watching the charts, allowing you to promptly take action on potential trade opportunities.
Risk Management and Considerations:
Confirmation: While the Renko Indicator provides valuable insights, it's crucial to use it in conjunction with other technical and fundamental analysis tools for confirmation.
Backtesting: Before implementing the indicator in live trading, conduct thorough backtesting on historical data to assess its performance and suitability for your trading strategy.
Position Sizing: Determine appropriate position sizes based on your risk tolerance and the signals provided by the indicator. Avoid overleveraging your trades.
Market Conditions: Be mindful of market conditions and news events that could impact price movements. Use the Renko Indicator as a tool to enhance your decision-making process, not as a standalone strategy.
Conclusion:
The Renko Indicator offers a unique perspective on price movements and can be a valuable addition to your trading toolkit. By analyzing market sentiment, interpreting Renko chart patterns, and acting on Buy and Sell signals, you can make informed trading decisions. Remember to practice proper risk management and integrate the Renko Indicator into a comprehensive trading strategy to achieve consistent and successful trading outcomes.
Stocashi + CaffeineCrush Momentum Indicator by CoffeeShopCryptoThis is just a fun script to give a different representation to the ever popular Stochastic RSI
Even for me over the years the stochastic has been a difficult one to use in trading merely because of its choppy look.
Since Heikin-Ashi Candles do such a powerful job in smoothing out the look of choppy markets,
I decided to test it out on the look of the Stochastic RSI.
From an initial visual standpoint it worked out WAY better than I thought but it seemed to need something more.
I decided to use the PineScript "Color.From_Gradient" feature to give the Stochastic a more 3 dimensional look, which really brought the "old-school" indicator to life.
Description:
The CaffeineCrush Momentum Indicator is your ultimate trading companion, blending the invigorating world of coffee with the excitement of market momentum. Just like a finely brewed cup of joe,
This indicator provides you with a powerful insight into market dynamics, helping you stay in the trading groove.
As you sip on this caffeinated delight, CaffeineCrush monitors the velocity and strength of price movements,
measuring the momentum of the market. But here's where it gets even more enticing – it goes a step further by incorporating a pressure indication, adding a stimulating twist to your trading experience.
Imagine yourself in a bustling coffee shop, surrounded by the aroma of freshly roasted beans and the energetic buzz of conversations.
CaffeineCrush mimics that atmosphere, keeping you on your toes, always aware of market forces at play.
With CaffeineCrush, you'll never miss a beat. It identifies and highlights moments of heightened momentum and increased pressure,
giving you an edge in capturing profitable opportunities. Just like a perfectly extracted espresso shot, this indicator helps you maintain your trading momentum and navigate the market with confidence.
So, grab your favorite cup of joe, fire up your trading charts, and let CaffeineCrush awaken your trading prowess.
Stay in the groove, embrace the buzz, and master the momentum with this flavorful indicator by your side.
Divergence -
Regular Divergence shows when there is a conflict between the strength of the trend and the swing of the price movement.
Hidden Divergence -
Are to be traded using the same methods as hidden divergences of the MACD or the RSI. A hidden divergence is commonly a trend CONTINUATION move.
Pink Pause -
This shows a ranging area where price is taking a pause. It can be a single candle or a string of candles. But histogram with continue with its RED / GREEN colors once the pause is over.
Stocashi + CaffeineCrush is not an entry / exit indicator. It's designed to help you understand:
1. Weather your trend is continuing
2. When it pauses
3. Has your pullback started / ended
Its best used near area of conflict. For example:
1. If you have a breakout to the low side of support zone, and you get a BULLISH divergence, this can be viewed as a false breakout.
2. If you trading towards the opposite area of a range or key level and you get conflicting movement in the Stocashi + CaffeineCrush, then you should take ur profits and wait for the next move.
3. If you are following through with example 2 above, but get NO conflicts, you can immediately look for a secondary take profit area and split / hedge your take profits.
Pro ScalperOverview
The Pro Scalper indicator is a powerful day trading tool designed specifically for the 30-minute timeframe, catering to stock and cryptocurrency markets. It provides traders with buy and sell signals, dynamic overbought/oversold zones, and reversal signal indicators. By combining a Kalman-adapted Supertrend calculation for buy and sell signals, and VWMA bands to determine overbought/oversold zones, this indicator aims to assist traders in identifying potential trading opportunities for scalping and day trading strategies using trend-following and mean-reverting methods. This combination of Kalman Filtering with an adapted Supertrend seeks to mitigate false signals, filter out market noise, and aims to provide traders with more reliable buy and sell indications.
Features
Buy and Sell Signals: Pro Scalper generates buy and sell signals based on a Kalman-adapted Supertrend calculation. These signals help traders identify potential entry and exit points in the market.
Dynamic Overbought/Oversold Zones: The indicator dynamically calculates overbought and oversold zones using VWMA bands. These zones provide valuable insights into potential price exhaustion levels, aiding traders in managing risk and identifying potential reversals.
Reversal Signals (R Labels): The indicator includes "R" labels that indicate potential reversal signals. These signals are based on the overbought/oversold zones calculated with VWMA bands. The appearance of an "R" label suggests a possible price reversal, offering traders an additional tool for decision-making.
Calculations
This indicator stands out as a unique tool due to unique Kalman filtering and altered Supertrend calculation, as well as its combination of specific features. This indicator combines the following calculations to provide its features:
Kalman Filter: The indicator employs a Kalman Filter to adapt the Supertrend calculation. This calculation was based on mathematical equations derived from Rudolf E. Kalman. This Kalman Filter helps smooth out price data, reducing noise and removing outliers from data.
Supertrend Calculation: This particular supertrend possesses alterations to price series data and ATR calculations in an aim to improve signal accuracy. Additionally, the calculation uses Kalman-filtering within the calculation to provide a powerful framework to handle uncertainties, noise, and changing conditions.
VWMA Bands: VWMA (Volume-Weighted Moving Average) bands are calculated using the highest high and lowest low values with specified multipliers. These bands are used to determine the dynamic overbought and oversold zones, giving traders insights into potential price exhaustion levels. These are included with the aim to adapt to changing market conditions and price data. This adaptability allows the zones to accurately reflect the current price volatility and trend.
Utility
This tool provides traders with valuable information for scalping and day trading strategies in the 30-minute timeframe. It helps traders by:
Generating buy and sell signals, indicating potential entry and exit points.
Calculating dynamic overbought/oversold zones, enabling traders to identify potential price exhaustion levels.
Displaying "R" labels to highlight potential reversal signals.
Offering optional alerts for reversal signals, buy/sell signals, allowing traders to stay updated even when they're not actively monitoring the charts.
Remember, past performance does not guarantee future performance. Traders should utilize this indicator as part of a comprehensive trading strategy and exercise their own judgment when making trading decisions.
Scalping The Bull - BullBot for Stock and ForexName : Scalping The Bull - BullBot for Stock and Forex.
Category : Scalping tool for the Stock and Forex market, optimized for trend following and mean reversal operations.
Timeframe : Recommended to be used on timeframe 1m, 5m, 30m, 1h, 1D, depending on the specific technique.
Technical Analysis : The indicator implements the trading techniques of Scalping The Bull. Even if the techniques are exquisitely discretionary, we have written the indicator with our interpretation of the them to identify the patterns automatically. We also codified a the process described below, giving the possibility to trade mechanically. The indicator is designed for a short-term (intraday or scalping) trend-following approach, where the entry is made on the breakout of significant price levels. Entry setups are calculated by price action analysis using 5-10-50-200 EMAs as reference. According to the interaction of price action with the EMAs, patterns are generated, and the indicator finds them independently.
Suggested use :
The process follows:
1. Selection of the instrument to trade on
Given the short duration of the trades, there must be sufficient volatility and liquidity. You can add the different instruments to a TradingView watch list and then make a first skim, considering the daily percentage change. Once an instrument has been selected, the indicator allows you to check at a glance things like the Rate of Change (ROC) and the detection of opening gaps.
2. Identification of the main trend
Once in the instrument, the main trend of the underlying is identified through the 50-200 EMAs: if the fast EMA is greater than the slow one, we have a bullish trend, otherwise a bearish trend on a higher timeframe than the one in which the trade is executed. The rule is to trade in favor of the main trend. For this reason, the indicator prints to chart reference averages. It is also recommended to check the daily timeframe, always using the averages, preferring those instruments where the price follows an average without touching it too often.
3. Identification of breakout levels
Breakout levels favoring the trend are identified near the daily high/minimum, the previous day's high/minimum, or the weekly high/minimum. The indicator prints such levels on the chart with lines.
4. Identification of secondary trends and entry levels
Patterns can be divided into three categories. Trend-based ones have the function of identifying the secondary trend and then confirming the trade. Breakout patterns are used to find entry levels.
a. Trend Continuation Patterns (Price/EMA) : are used to get confirmation that the minor trend is in agreement with the major trend (i.e., Shimano, Dive, Dip, Anti-crossing).
b. Trend Change Patterns (Price/EMA) : are used to get confirmation that a minor trend in the opposite direction of the main trend is ending and therefore are used to get further confirmation of the trade (i.e., Bounce, Viagra, Return to Highs/Minimums).
c. Breakout Patterns : identify the optimal price levels for trade entry (i.e., Third Touch, Bud, Maxi Bud, Color Change).
Details on how the specific patterns are computed can be found below in the description of this indicator.
5. Definition of Stop Loss and Take Profit
Once the entry price is calculated, different types of Stop Loss (e.g., relative minimum of Tot candles, first or second average below price, price levels) and Take Profit (relative maximum of Tot candles, first or second average above price, price levels) can be considered. A risk/reward ratio of at least 1.2 should always be considered, depending on one's risk appetite.
6. Define the position management strategy
Normally, when a mock breakout is executed, the advice is to exit the trade as soon as possible or at least to bring the stop-loss to break even. A trailing stop on relative lows or the nearest average is also possible.
7. Enter the position
Usually, with a stop order, follow the rules defined in the previous steps.
Configuration :
Graphical configuration :
Show ROC filter : turns the background green when the asset has enough volatility to activate patterns.
Show Legend : enables the description on the lines of the trigger points.
Show Table : displays the volatility table where the GAP and ROC (Rate of Change) information is present.
Show Take Profit % - Automatic : shows the percentage scale that automatically adjusts to the volatility of the chart to identify the Take Profit and Stop Loss at a glance.
Label color : adjusts the color of the labels.
Trigger Point Colors : Adjust the colors of the trigger points.
Trigger Points
Today's highs and lows : draw on the chart the closing price of Yesterday, the opening price of the daily candlestick, and the highs and lows of the day (high in purple, low in red, Yesterday's close in green, and open in orange).
Yesterday's highs and lows : draw on the chart the highs and lows of the previous day (high in yellow, low in red). An alert can be activated with a % offset.
Weekly highs and lows : draw the highs and lows of the previous week on the chart (high in white, low in red). An alert can be activated with a % offset.
Price Patterns :
Gap : a label and an alert can be activated.
Pay..!! : a label and an alert can be activated.
Third Touch and Third Touch on EMA : a label and an alert can be activated.
Return to Highs : a label and an alarm can be activated.
Return to Lows : a label and an alarm can be activated.
Long and Short Color Change : a label and an alert can be activated.
EMA Patterns :
Viagra long and short : a label and an alert can be activated for the specific market and EMA situations.
Shimano : a label and an alert can be activated with a configurable candlestick threshold.
Emergence - Dive : a label and an alert can be activated.
Anti-crossing - Anti-crossing short : a label and an alarm can be activated.
Bounce on EMA long and short : a label and an alert can be activated with a configurable tick tolerance.
Bud - Maxi Bud - Bud Short : a label and an alert can be activated on all timeframes.
Alerts :
Activate all alerts : you can activate alerts by clicking on Alerts, then on the condition "BullBot" and then on "Any alert() function.". So that you know, creating alerts on the price-EMA crossing is also possible.
Patterns :
The list of patterns that are automatically recognized by the indicator follows.
Gap : indicates when a Gap Up or Gap Down occurs at the opening of a session, particularly useful in the equity markets.
Pay : signals when the stock has risen by a sufficient percentage to be tradable, adjusts the triggering of many bounce and breakout patterns.
Viagra : signaled for both a long and short setup, indicates an overbought or oversold situation by the appearance of gaps and a series of consecutive candles contained by the fast EMAs (5 -10) depending on the market of reference.
Third touch and third touch EMA : signals a breakout conformation, indicated when three touches occur at the same price level or below one of the slow EMAs (50 - 200).
Shimano : detects lateralization between Ema 50 and Ema 200, indicating that we are in a retracement phase and that a new impulsive move may soon develop.
Emergence - Dive : these are the main patterns for identifying the trend. The indicator signals when the EMA 50 and 200 are approaching to anticipate their crossing to the top or bottom.
Anti-crossing long - Anti-crossing short : occurs when the price, after an important impulse, makes a retracement to the EMA 200, bringing the EMA 50 to approach it without ever touching it, but before the cross, an opposite impulse determines the end of the retracement and the resumption of the trend in place.
Rebound : signals in the first rebound on the EMA 50 and EMA 200 after an impulse that recorded new highs or lows.
Return to the Highs - Return to the Lows : this pattern is closely related to rebounds. It indicates that the price is approaching the highs or lows again after a rebound on a slow EMA.
Change Color : is based on the previous session's closing price. It indicates when the price is approaching either from above or below this level, which determines the Color of the daily candlestick.
Bud - Maxi Bud - Bud Short : Bud occurs when the price breaks above EMA 10, and there are at least two consecutive candles between the high and low of the breakout impulse. Maxi Bud signals near the day's highs when this situation occurs, and Bud Short signals the breakout levels for a short trade.
BladeSCALPER by MetaSignalsProBladeSCALPER
The sharpest tool to scalp M and W patterns
--------------------------------------------------------------------------
✔️ Get a clear signal of the next probable reversal move
✔️ Get instantly the zone where the price will probably get attracted to
✔️ Adjust TP1/TP2/TP3 accordingly to the PowerZONES
✔️ Check the winning rate of the M & W patterns on a time period
✔️ Optimize the probability of success of the M & W patterns
---------------------------------------------------------------------------
📌 For who?
---------------
Initialy, scalping is based on small moves, supposedly more predictable than big ones and repeating this operation many times.
For that, scalping means usally daytrading and not everybody can/want to be a daytrader: managing one's emotions is just critical;
But you can also use this indicator on a bigger time frame and trade when you want the M & Ws!
So basicaly BladeSCALPER is for anybody who wants to trade succesfully M&W patterns whatever Timeframe, whatever asset!
📌 For which asset?
-------------------------
BladeSCALPER is universal and works fine on all assets and all time-frames;
📌Why we made these innovations?
--------------------------------------------
"Double Tops" and "Double Bottoms", commonely called "M" and "W" as the letter explicitely shows these patterns, are some of the most predictive patterns you can find.
To exploit them, we needed to have an all in one tool:
◾ a very sharp scalping and innovative tool with embed statistics
◾ identify Risk/Reward ratio for TakeProfits
◾ and advanced Supports and Resistances information i.e the PowerZONES
📌 How to trade with BladeSCALPER ?
-----------------------------------------------
🔹 ScalpUP / ScalpDOWN Signals
The signals are given when the patterns of M and W are identified, in real time and do not repaint.
☝️ Quite often the Market will test the bottoms and the tops before validating such a figure;
👉 Only enter the trade when the candle closes clearly inside the coloured zone and not immediately on the signal.
🔹 PowerZONES
We innovated on the basic Supports and Resistances concept by adding new features with:
◾ zones that correspond better to real life trading than lines
◾ zones that change color depending of their position vs price : they turn red is the price is below them and blue if they are above.
◾ strength / attractivity of these zones = how many times the Support/Resistance have been touched in the past that will magnetize the price
◾ and distance between these zones to give a clear picture
Importance of the PowerZONES
In the current version, the TPs do not adjust to the PowerZONES, precisely to be able to keep a global statistical view;
☝️ But when you plan to trade on a signal, the real relevance is to adjust them according to the PowerZONES, of course;
👉 When buying, place your TPs just below the consecutive PowerZONES that the price could test
👉 When selling, place them just above the consecutive PowerZONES
🔹 TP1/TP2/TP3
TakeProfits are set theoretically and based on 3 risk/reward ratios: 1 / 1.5 / 2 ;
But of course this is just a setting to get an overall view of the effectiveness of the pattern on the current asset;
if you change these settings, you'll see that the Stats change accordingly.
☝️ Again, when you plan to trade on a signal, the real relevance is to adjust them according to the PowerZONES, of course;
🔹 StatsPANEL
With this innovative feature you can now see immediately
◾ the probability of win, based on the past patterns
◾ the exacts number of trades that have reached the TP1/TP2/TP3
◾ and more importantly the gains made by these trades in pips
We introduce also 2 important possibilities to improve the precision and relience of BladeSCALPER
◾ the PatternFACTOR can be changed; it defines a key percentage of the M & W patterns
◾ the MoveringAverageFILTER can be activated to
◽ suppress M patterns when the price is below the selected MovingAverage
◽ suppress W patterns when the price is over the selected MovingAverage
👉 Modifying these variables will change immediately the statistics just like the position of the TP1/TP2/TP3 and HistoryMax variables.
📌 Importance of setting up a Multi TimeFrame and doing a trend analysis
------------------------------------------------------------------------------------------
Even if you are on a scalping mode, it is crucial you set up a Multi Time Frame workspace and that you conduct a trend analysis before entering the market.
If you don't, you won't maximize your chances;
No indicator is 100% reliable, because the market cannot be modelized; anyone who tells you otherwise is lying to your face;
However, a statistical approach to the market is possible, because agents are not incoherent.
This is the meaning of stats we apply on double tops and double bottoms;
But to reinforce this point, you need to know what's happening on the next higher time unit to get a global view.
To do this, it's important to do a trend analysis or have a trend analysis tool.
---------------------------------------------------------------------------------------------------
🎛️ Configuration
----------------------
◾ Buy/Sell Signals: choose if you want to see only W or only M pattern signals
◾ PowerZones: uncheck if you don't want to see them (not recommanded)
◾ RewardBoxText: uncheck if you don't want to see the words "Entry, TP1, TP2, TP3"
◾ TakeProfit1/TakeProfit2/TakeProfit3: by default correspond to the multiple of the risk zone in grey under/above "Entry" i.e it is the classic concept of Risk/Reward ratio
◾ PowerZoneTouch: sets the number of time the zone has been touched
◾ PowerZoneDensity: increase this number if you want the number of zones to increase and reversely
◾ RewardBoxLength: adjust the standard number to the length of the anticipated move in duration
◾ StopLossExtraPoints: for a W pattern (ScalpUP) will bring lower the lower border of the RewardBOX; in a M pattern (ScalpDOWN) will bring higher the higher border of the RewardBOX; it will automatically move the distance of the TP1/TP2/TP3
◾ HistoryMax: the number of units taken into account to set the PowerZONES and the past M & W patterns
◾ PatternFactor: defines a key percentage of the M & W patterns
◾ MovingAverageFilter:
◽ untick (by default) : the filter is OFF
◽ ticked : the filter is ON
◾ MovingAveragePeriod: choose the speed of the average
◾ MovingAverageType: choose among all the types of averages available
◾ Applied to: define on which available moment of the Price the average is applied (close, open, highest...)
🛠️ Calculation & Precisions
------------------------------------
🔹 TP1/TP2/TP3
the 3 risk/reward ratios: 1 / 1.5 / 2 are multiples of the height of the grey zone = distance between your StopLoss and the entry line;
🔹 %WIN
Note that the % of success (%WIN) must be entered correctly;
Your risk/reward ratio is key and more important than the % success of the signal; you can have a % success of 30% (%WIN) which creates more points earned than a % success of 60% depending on your risk/reward ratio = the position of your TPs;
🔹 Calculation of points/pips
These are full points and we don't calculate partial outputs.
So if you have a tp1 at 20 and a tp2 at 100, if you get to tp2 you get 100 and not 20+100.
Stoplosses are of course calculated in negative.
🔹 PowerZONES
The originality of our concept is to test how many times a zone has been touched
The more the market has touched this zone the more probable it becomes a strategic zone where the liquidity will accumulate and thus will be chased!
[UPRIGHT Trading] Academy of Forex - Scalp Strategy█ OVERVIEW
This is a collaboration of efforts of The Academy of Forex and UPRIGHT Trading .
The Academy of Forex - Scalp Strategy Indicator is a clean & reimagined lower indicator. To enable optimization & potential automation, we re-coded & optimized it at UPRIGHT Trading.
It is based on the one presented on its YT channel.
The idea is for it to be an easy to use - simple indicator - that works not just for confirmation, but also entering and exiting quickly (scalping).
█ CONCEPTS
The idea is that %B (derived from BBs) is able to pick up some pretty significant moves. With that as one of the bases the Inverse Fisher Transform (Ribbon) acts to show some of the movement of the asset highlighting when it at extremes. The RSI highlights are there as another confirmation to help normalize the sometimes too frequent movement of %B.
As expected the indicator often acts as a reversal indicator, but with the optimizations of logic it's able to pick up more than just the reversals and works as a pretty decent Buy/Sell Algorithm.
█ CALCULATIONS
Calculations used included, but not limited to:
- %B - Quantifies the price as a percentage to the Upper and Lower Band of the Popular Bollinger Bands, which were named after their inventor John Bollinger in 1980.
- Inverse Fisher Transform RSI - is a variation of the IFT, created by John Ehlers, the idea is for the IFT to convert Gaussian normal distribution and to take it a step further the RSI version is to just use overbought and oversold placements. This indicator is meant to highlight when price has moved to an extreme and in this process helps to spot turning points.
- Relative Strength Index (RSI) - As most of you know already the RSI is a technical analysis tool invented by J. Welles Wilder, that oscillates and is used to measure the momentum of price changes. It normalizes to index 0-100 with overbought and oversold defined by the user, but often around 70 as overbought and 30 as oversold.
- Pivot/Swing Points - Implemented to show recent Higher-Highs or Lower-Lows, Pivot points are included in the indicator for structure tracking.
- Moving Averages - Moving averages help to get an idea of when price is moving near the norm or outside to extremes.
█ FEATURES
Indicator Features:
-2 Buy/Sell Signals.
-U Signals (UPRIGHT optimized).
-Exit Reminders.
-Alerts allowing Automation of Scalp Strategy.
-H/L Swings.
-Color Customization.
-Clean Mode.
-Inverse Fisher Transform Ribbon.
-RSI Bullish/Bearish Highlights.
-Options for More Signals (including: Oversold/Overbought Circles, %B Bull/Bear Squares and Triangles, and IFT Highlights).
Showing some of the signals close up.
Should look like this:
Enjoy!
Sincerely,
Mike
OSPL Volume [Community Edition]NSE:BANKNIFTY1!
This indicator is based on the concepts popularized by @OptionsScalper123 "Siva" of OiPulse. His ideology Is that large moves come after high volume candles. For Nifty, high volume is considered to be a candle above 125k volume and for BankNifty it’s 50k.
This indicator allows you to cut the noise and focus only on the high volume candle. It shows high volume candle in a brighter shade and lower volume candles in a less visible shade.
You can set the minimum volume threshold limit for Nifty and BankNifty. The indicator smartly recognizes which index you are using it in and uses the respective threshold volume limit.
All colors are customizable.
Thanks for Siva for all the ideas and wonderful products he has given to the community
Thanks to all the wonderful Pinescipters for developing awesome indicators and keeping the source open.
The source code of this indicator is just a few lines. Hope you can use it in your projects and learn something from this just how I learned from other scripts.
Any changes or updates needed in this indicator, please suggest. I was thinking some kind of alerts can be added when volume crosses the threshold. Let me know.
Boost/like this indicator and comment if you find this useful. Cheers and happy trading!!!
Scalp Pump-Dump Detector with AlertsThis script displays the percentage of movement of all candles on the chart, as well as identifying abnormal movements to which you can attach alerts. An abnormal movement is considered a rise or fall that exceeds the parameter set in the settings (by default, 1% per 1 bar).
Added a function to display the volume on abnormal candlesticks.
