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MTF EMA Pane with Diagnostics30 sec chart, 1 min EMA goes flat, I buy, 1 min EMA stays inside the group, I stay in the trade. Not financial advice. I am working on an Algo killer, stay tuned. I am dedicating the rest of my life, as short as it my be, to beating the Men behind the Algo's. Buy me some coffee. Send USDT thru ETH or Base to BYDFi 0x20391e32afd61dc9e1ec027651391b56ceade4e0 Join BYDFi Referral Link: Spin for a possible $100 partner.bydfi.com Deposit: USDT via; ETH (ERC20) 0x20391e32afd61dc9e1ec027651391b56ceade4e0 Tron (TRC20) TUs5u2YxtQrQfRwYK2CsMmSDGvND6Uopdj BNB/Base (BEP20) 0x20391e32afd61dc9e1ec027651391b56ceade4e0 Solana 696LAngiQBbdk4m6k1ZBiKZrFtjTJo6dxCnVXMEePQea
Chỉ báo Pine Script®
của Karman1320
Luxy Sector & Industry RS AnalyzerEver wonder why some stocks soar while others in the same sector barely move? Or why your perfectly timed entry still loses money? Possibly the answer can be found in Relative Strength. The Luxy Sector & Industry RS Analyzer solves a critical problem that most traders overlook: picking strong stocks in strong sectors AND strong industries . It's not enough for a stock to go up - you want stocks that are crushing their competition at both the sector AND industry level. This indicator does the heavy lifting by automatically comparing your stock against its sector ETF, industry ETF, the broader market, sector leader, and industry leader, giving you a complete multi-level picture of relative performance. What makes this different? - Automatic sector AND industry detection - no manual setup required - Multi-level hierarchy analysis: Market → Sector → Industry → Stock - Multi-timeframe analysis (1 month to 1 year) in one glance - Industry ETF mapping (30+ industries covered) - Clear 0-100 scoring system with letter grades (A+ to F) - Works on stocks, crypto, forex, and commodities - Real-time updates with anti-repaint protection Think of it as your performance dashboard - instantly showing you if you're trading a champion or a laggard at every level of the market hierarchy. METHODOLOGY & ATTRIBUTION This indicator is based on classical Relative Strength (RS) analysis principles from technical analysis. RS methodology compares an asset's price performance against a benchmark to identify relative outperformance or underperformance. This concept has been used by professional traders and institutions for decades. Key Concepts Used: Relative Strength (RS) - Classical technical analysis concept measuring comparative performance Multi-Level Hierarchy Analysis - Market → Sector → Industry → Stock comparison Sector Rotation Analysis - Identifying which sectors are leading or lagging the market Industry Rotation Analysis - Identifying which industries are leading within their sectors Multi-period Performance Analysis - Evaluating strength across multiple timeframes Beta Calculation - Standard statistical measure of volatility relative to a benchmark DISCLAIMER: This indicator is for educational and informational purposes only. It should not be considered financial advice or a recommendation to buy or sell. Past performance does not guarantee future results. Trading involves risk and may not be suitable for all investors. Always do your own research and consult with a financial advisor before making investment decisions. with all rows visible - capture when stock has strong RS score (70+) so users can see what a "good" setup looks like] WHAT THE INDICATOR SHOWS 1. AUTOMATIC ASSET TYPE DETECTION The indicator automatically identifies what you're analyzing and adjusts accordingly: Stocks - Compares to sector ETF (XLK, XLF, XLV, etc.) and SPY Crypto - Compares to Total Crypto Market Cap and Bitcoin Forex - Compares to relevant currency index (DXY, EXY, etc.) Commodities - Compares to Gold (GLD) as benchmark Indices - Compares to broader market indices How it works: The indicator reads your chart's asset type and ticker, then automatically maps it to the correct sector or benchmark. For stocks, it uses intelligent sector detection (looking at the sector field) to match you with the right sector ETF. For example: - Technology stocks get compared to XLK (Technology Select Sector SPDR) - Financial stocks get compared to XLF (Financial Select Sector SPDR) - Healthcare stocks get compared to XLV (Health Care Select Sector SPDR) This happens instantly when you add the indicator to any chart - no configuration needed. 2. SECTOR & MARKET BENCHMARKS What is a Sector ETF? A sector ETF is an exchange-traded fund that tracks a specific industry group. For example, XLK contains all major technology companies. By comparing your stock to its sector ETF, you can see if your stock is outperforming or underperforming its peers. The indicator shows three key comparison points: Stock vs Sector (Benchmark) This tells you how your stock performs compared to companies in the same industry. Positive numbers mean your stock is beating the sector average. Negative numbers mean it's lagging behind. Stock vs Market (SPY) This shows performance against the broader S&P 500 index. This is important because even if a stock beats its sector, the entire sector might be weak. You want stocks that beat both their sector AND the market. Sector vs Market This reveals "sector rotation" - whether money is flowing into or out of this sector. When this number is positive, the whole sector is hot and leading the market. This is powerful because strong sectors tend to lift all boats, making it easier to find winners. 3. MULTI-PERIOD PERFORMANCE ANALYSIS The indicator calculates performance across four timeframes simultaneously: 1 Month (1M) - Recent short-term momentum 3 Months (3M) - Medium-term trend strength 6 Months (6M) - Longer-term positioning 1 Year (1Y) - Full-cycle performance view Why multiple periods matter: A stock might look great over 1 month but terrible over 6 months - that's a red flag. The best stocks show consistent strength across all timeframes . When you see positive RS (Relative Strength) values across all four periods, you've found a stock with sustained outperformance. Each row in the table shows: - Raw performance percentage for that period - RS value (the difference compared to benchmark) - Color coding: Green for positive, red for negative, white for neutral 4. SECTOR LEADER COMPARISON The indicator automatically identifies and compares your stock to the sector leader - the dominant stock in that industry. Sector leaders by industry: Technology: Apple (AAPL) Healthcare: UnitedHealth (UNH) Financial: JPMorgan Chase (JPM) Energy: ExxonMobil (XOM) Consumer Discretionary: Amazon (AMZN) Consumer Staples: Walmart (WMT) And more... Why this matters: Comparing to the leader shows you if you're trading a champion or a follower. If your stock consistently beats the sector leader, you've found something special. If it's lagging the leader, you might want to trade the leader instead. Optional Custom Leader: You can override the automatic leader and compare to any stock you choose. This is useful if you want to benchmark against a specific competitor or reference stock. NEW! INDUSTRY ANALYSIS (STOCKS ONLY) The indicator now provides multi-level analysis by automatically detecting and comparing your stock to its specific industry , not just the broad sector. Why Industry matters: Technology sector (XLK) contains many different industries: Software, Semiconductors, Hardware, etc. A software stock might beat the broad tech sector but lag behind other software companies. Industry analysis provides this granular view. Industry ETF Mapping (30+ industries): Software/Applications: IGV (iShares Software ETF) Semiconductors: SMH (VanEck Semiconductor ETF) Biotech: IBB (iShares Biotechnology ETF) Pharmaceuticals: XPH (SPDR Pharmaceuticals ETF) Banks: KBE (SPDR S&P Bank ETF) Regional Banks: KRE (SPDR Regional Banking ETF) Oil & Gas Exploration: XOP (SPDR Oil & Gas Exploration ETF) Homebuilders: XHB (SPDR Homebuilders ETF) Retail: XRT (SPDR S&P Retail ETF) Aerospace & Defense: ITA (iShares U.S. Aerospace & Defense ETF) And many more... Industry Leader Mapping: The indicator also identifies the leader within each industry: Software: Microsoft (MSFT) Semiconductors: NVIDIA (NVDA) Biotech: Amgen (AMGN) Pharmaceuticals: Eli Lilly (LLY) Banks: JPMorgan (JPM) Oil Exploration: ConocoPhillips (COP) And more... New Table Rows for Stocks: Industry ETF Performance - How the specific industry performed (green background) Industry Leader Performance - How the top stock in the industry performed vs Industry RS - Your stock's outperformance vs its industry ETF Industry vs Sector RS - Is this industry hot or cold within its sector? vs Industry Leader RS - Your stock's performance vs the industry's best Why this is powerful: A stock that beats both its sector AND its industry is showing strength at every level. This indicates true relative strength, not just riding sector-wide momentum. Optional Custom Industry: You can override automatic detection for both Industry ETF and Industry Leader in settings. 5. RS SCORE & GRADING SYSTEM (0-100) The heart of the indicator is the RS Score - a weighted calculation that distills all the performance data into one clear number from 0 to 100. How the score is calculated: FOR STOCKS (with Industry data): The indicator splits the weight between Sector (60%) and Industry (40%): SECTOR RS (60% of total weight): 1 Month RS: 24% weight (40% × 0.6) 3 Month RS: 18% weight (30% × 0.6) 6 Month RS: 12% weight (20% × 0.6) 1 Year RS: 6% weight (10% × 0.6) INDUSTRY RS (40% of total weight): 1 Month RS: 16% weight (40% × 0.4) 3 Month RS: 12% weight (30% × 0.4) 6 Month RS: 8% weight (20% × 0.4) 1 Year RS: 4% weight (10% × 0.4) FOR OTHER ASSETS (Crypto, Forex, Commodities): Uses full 100% weight on benchmark: 1 Month RS: 40% weight 3 Month RS: 30% weight 6 Month RS: 20% weight 1 Year RS: 10% weight It starts at 50 (neutral) and adds or subtracts points based on your asset's relative strength in each period. Bonus points: +5 points if the sector is outperforming the market (sector rotation is bullish) +5 points if the industry is outperforming its sector (hot industry) - STOCKS ONLY +5 points if RS momentum is improving (getting stronger over time) -5 points if RS momentum is declining (getting weaker) The final score is capped between 0-100. Letter Grade System: 90-100: A+ - Elite performer, crushing the sector 85-89: A - Excellent, strong outperformer 80-84: A- - Very good, above average 75-79: B+ - Good, solid performer 70-74: B - Above average, decent strength 65-69: B- - Slightly above average 60-64: C+ - Average, neutral strength 55-59: C - Below average 50-54: C- - Weak, slight underperformance 45-49: D+ - Concerning weakness 40-44: D - Poor, significant underperformance 0-39: F - Failing, avoid this stock What scores mean for trading: - RS Score above 70: Strong stocks worth considering for long positions - RS Score 50-70: Average stocks, better opportunities elsewhere - RS Score below 50: Weak stocks, avoid or consider for shorts 6. CONSISTENCY SCORE This metric shows what percentage of time periods show positive RS . For STOCKS (with Industry data): Counts both Sector RS periods AND Industry RS periods (up to 8 total periods): - If a stock beats both sector and industry in all 4 periods each: Consistency = 100% (8/8) - If it beats in 6 out of 8 total periods: Consistency = 75% - If it beats in 4 out of 8 total periods: Consistency = 50% For OTHER ASSETS: Counts benchmark periods only (4 total): - If it beats benchmark in all 4 periods (1M, 3M, 6M, 1Y): Consistency = 100% - If it beats in 3 out of 4 periods: Consistency = 75% - If it beats in 2 out of 4 periods: Consistency = 50% Why consistency matters: A high RS Score with low consistency might indicate a recent spike that could fade. The best stocks show both high RS Score AND high consistency - they're strong now AND have been strong historically at both the sector AND industry level. Look for stocks with: Consistency above 75%: Very reliable strength across all levels Consistency 50-75%: Decent but check other metrics Consistency below 50%: Weak or erratic, proceed with caution 7. BETA CALCULATION (Volatility Measure) Beta measures how much more volatile your stock is compared to its sector. Beta > 1.2 : High volatility - stock moves more aggressively than sector (marked as "High") Beta 0.8-1.2 : Normal volatility - moves roughly in line with sector Beta < 0.8 : Low volatility - stock is more stable than sector (marked as "Low") Formula used: Beta = Correlation(Stock, Sector) × (Standard Deviation of Stock / Standard Deviation of Sector) This uses a 20-period calculation for reliability. How to use Beta: - High Beta stocks offer bigger gains but also bigger risks - good for aggressive traders - Low Beta stocks are more defensive - good for conservative positions - Match Beta to your risk tolerance and strategy 8. DAYS ABOVE/BELOW SECTOR This tracks consecutive periods (bars) where your stock outperforms or underperforms its sector. Days Above Sector: Counts how many bars in a row your stock has beaten the sector. 10+ days: Strong sustained strength (shown in bright green) 5-9 days: Building momentum (shown in yellow) 1-4 days: Early strength (shown in white) 0 days: Not currently outperforming Days Below Sector: Counts how many bars in a row your stock has lagged the sector. 10+ days: Sustained weakness (shown in bright red) 5-9 days: Losing momentum (shown in orange) 1-4 days: Minor weakness (shown in white) 0 days: Not underperforming (this is good!) Why this matters: Long streaks show trend persistence. A stock with 15+ days above sector is riding strong momentum. A stock with 15+ days below sector is in a sustained downtrend relative to peers. 9. PRICE VS 52-WEEK HIGH Shows where current price sits relative to its 52-week high (or equivalent for your timeframe). 95%+ (green) : Stock is near all-time highs - strong positioning 80-94% (yellow) : Stock is in a pullback but still relatively strong Below 80% : Stock has pulled back significantly from highs Why this matters: The strongest stocks stay near their highs. When you see a stock with high RS Score AND price near 52W high, you've found a stock with institutional support and strong buying pressure. 10. RELATIVE VOLUME Compares current volume to the 20-period average volume. 1.5x+ (green) : High volume - significant interest and participation Around 1.0x : Average volume - normal trading activity Below 1.0x : Low volume - less interest or inactive period Why volume matters: High relative volume confirms price moves. When a stock makes a strong move on 2x or 3x normal volume, it's more likely to sustain. Low volume moves are often just noise. 11. AVERAGE RS STRENGTH This calculates the average absolute value of all RS readings across the four timeframes. It shows the magnitude of divergence from the sector, regardless of direction. A high number means the stock moves very differently from its sector (could be much stronger or much weaker). A low number means it tracks closely with the sector. High Average RS: Stock has strong character, moves independently Low Average RS: Stock follows sector closely, lacks individual strength 12. SECTOR ROTATION SIGNAL This indicator automatically detects when a sector is experiencing bullish rotation - meaning money is flowing into the sector and it's outperforming the broader market. Condition for bullish rotation: Sector must be beating SPY (market) in both 1-month AND 3-month periods. Why this matters: Stocks in hot sectors tend to perform better because they have tailwinds from sector-wide buying. When sector rotation is bullish and your stock has a high RS Score, you've found an ideal setup. The indicator adds +5 bonus points to the RS Score when sector rotation is bullish. 13. MOMENTUM DETECTION The indicator compares 1-month RS to 3-month RS to detect if momentum is improving or declining. RS Momentum Improving: 1M RS is better than 3M RS - stock is getting stronger (adds +5 to score) RS Momentum Declining: 1M RS is worse than 3M RS - stock is getting weaker (subtracts -5 from score) Why momentum matters: You want to catch stocks as momentum is building, not after it's already peaked. Improving momentum suggests the strength is accelerating, not fading. 14. OVERALL ASSESSMENT & RECOMMENDATION The indicator provides two quick summary rows: Overall Rating: Based on grade and RS Score, you get an instant quality rating: Strong Leader (A/A+) - Top tier stock, crushing it Above Average (A-/B+) - Solid performer, better than most Average (B/B-) - Middle of the pack Below Average (C/C+) - Struggling, watch carefully Underperformer (D/F) - Weak stock, underperforming badly Trading Signal: Combines multiple factors to give setup quality: STRONG BUY SETUP - RS Score 70+, Consistency 75+, AND sector rotation bullish. This is the perfect storm - strong stock, consistent strength, hot sector. BULLISH - RS Score 60+, Consistency 50+. Good quality stock worth considering. NEUTRAL - RS Score 50+. Okay but not exciting, better opportunities exist. WEAK - RS Score 40-49. Below average, risky. AVOID - RS Score below 40. Stay away, too weak. IMPORTANT: These are educational signals only, not financial advice. Always do your own analysis and risk management. KEY FEATURES 1. AUTOMATIC EVERYTHING - Auto-detects asset type (stock, crypto, forex, commodity, index) - Auto-maps stocks to correct sector ETF (11 sectors covered) - Auto-maps stocks to correct industry ETF (30+ industries covered) - Auto-identifies sector leader AND industry leader - Auto-selects appropriate market benchmark - Zero configuration required - just add to chart 2. MULTI-ASSET SUPPORT Works on all asset classes: US Stocks - Compares to sector ETFs (XLK, XLF, XLV, etc.) Crypto - Compares to Total Crypto Market Cap Forex - Compares to currency indices (DXY, EXY, etc.) Commodities - Compares to Gold (GLD) Indices - Compares to broader market benchmarks 3. FLEXIBLE DISPLAY 9 table positions (top/middle/bottom, left/center/right) 4 size options (tiny, small, normal, large) Show/hide table completely Real-time indicator toggle 4. TIMEFRAME FLEXIBILITY Choose your analysis timeframe: Chart Timeframe (default) - Uses whatever timeframe your chart is on Fixed: 1 Hour, 4 Hours, Daily, Weekly - Forces calculations to specific timeframe This means you can be on a 5-minute chart but analyze RS on Daily timeframe if you prefer. 5. RS SCORE FILTERING Set a minimum RS Score threshold to only see strong stocks: Set to 0 - Shows all stocks Set to 70 - Only displays stocks with RS Score 70+ (strong stocks only) Warning message displays if stock doesn't meet threshold Perfect for screening - quickly scan multiple charts and the indicator only shows tables for stocks that pass your quality filter. 6. CUSTOM LEADER COMPARISON Override automatic leader detection: Compare to any ticker you choose Benchmark against specific competitors Use your own reference stocks 7. COMPREHENSIVE TOOLTIPS Every input parameter and every table row has detailed tooltips explaining: What the metric measures How to interpret the values What thresholds indicate strength/weakness Why it matters for trading Hover over any element to learn - it's like having a trading coach built in. 8. SMART ALERTS Built-in alert system for key events: Divergence Alerts: Get notified when your stock diverges significantly from its sector. Bullish Divergence: Stock beating sector by threshold percentage Bearish Divergence: Stock losing to sector by threshold percentage Set your threshold (default 5%) - this determines how big a divergence triggers the alert. RS Score Alerts: Get notified when RS Score crosses your threshold: Crossed Above: RS Score went from below to above your threshold (bullish) Crossed Below: RS Score dropped from above to below threshold (bearish) Set your threshold (default 70) to focus on strong stocks. Sector Rotation Alert: Fires when sector shows bullish rotation (outperforming market). HOW TO USE THE INDICATOR FOR SWING TRADERS: 1. Add indicator to your watchlist stocks 2. Look for RS Score 70+ with Consistency 75%+ 3. Check if sector rotation is bullish (bonus!) 4. Verify price is near 52W high (95%+) 5. Wait for entry setup on your chart 6. Use stop loss below key support Example Setup: Stock shows: - RS Score: 82 (Grade: A-) - Consistency: 100% (strong across all periods) - Sector Rotation: Bullish - Price vs 52W High: 96% - Days Above Sector: 12 days - Relative Volume: 1.8x This is a textbook strong stock in a hot sector near highs - ideal for swing long. FOR POSITION TRADERS: 1. Focus on 6-month and 1-year RS values 2. Look for sustained outperformance (Consistency 75%+) 3. Prefer lower Beta stocks (less volatility) 4. Check Days Above Sector for trend persistence 5. Monitor RS Score monthly, exit if drops below 60 FOR ACTIVE TRADERS: 1. Use on intraday timeframes (1H or 4H) 2. Set RS Score filter to 60+ for quick screening 3. Enable Divergence Alerts 4. Watch for momentum improving signal 5. Higher Beta stocks offer more movement FOR SHORT SELLERS: 1. Look for RS Score below 40 (Grade: D or F) 2. Check for declining momentum 3. Verify Days Below Sector is increasing (10+) 4. Sector rotation should be bearish 5. Price should be well off 52W high WHAT MAKES A PERFECT SETUP: The holy grail combination: RS Score: 75+ (A- or better) Consistency: 80%+ (strong across time - beats sector AND industry) Sector Rotation: Bullish (hot sector) Industry vs Sector: Positive (hot industry within sector) Days Above Sector: 10+ (sustained strength) Momentum: Improving (getting stronger) Price vs 52W High: 90%+ (near highs) Relative Volume: 1.5x+ (volume confirmation) When you find this combination, you've located a stock with every advantage in its favor - strong at the stock level, industry level, AND sector level. That's multi-level confirmation of relative strength. IMPORTANT NOTES Data Reliability: All calculations use lookahead=off for anti-repaint protection Historical values will never change Real-time indicator toggle only affects the visual clock icon, not data reliability All security requests are properly configured to prevent future data leakage Sector Mapping Notes: Sector detection uses TradingView's sector field Some stocks may not have sector data - indicator will adapt Sector ETFs used: XLK, XLF, XLV, XLE, XLY, XLP, XLI, XLB, XLRE, XLU, XLC Major market ETFs (SPY, QQQ, DIA) are treated as market benchmarks, not stocks Multi-Asset Notes: Crypto compares to CRYPTOCAP:TOTAL (total crypto market cap) Forex compares to relevant currency index based on base currency Commodities compare to Gold (GLD) as primary commodity benchmark Custom leaders can be set for any asset type FREQUENTLY ASKED QUESTIONS Q: What does RS Score of 75 actually mean? A: It means your stock is strongly outperforming its sector across multiple timeframes. The score is weighted toward recent performance (1-month gets 40% weight), so 75 indicates sustained relative strength with emphasis on current momentum. Q: My stock has high RS Score but is going down. Why? A: RS Score measures relative performance (vs sector/market), not absolute price direction. A stock can fall 5% while its sector falls 10% - that's still positive relative strength. In bear markets or sector corrections, high RS stocks often fall less than peers. Q: Should I only trade stocks with RS Score above 70? A: For long positions, yes - focus on 70+ scores. These stocks have proven they can beat their sector. However, for pairs trading or relative value plays, you might also short stocks with scores below 40 while longing stocks above 70. Q: What if my stock doesn't have a sector? A: The indicator handles this gracefully. If no sector is detected, it will compare directly to the market (SPY for stocks). Some rows may show N/A, but the indicator will still provide useful market-relative data. Q: Why does the sector sometimes show N/A? A: This happens when: 1) Your asset has no sector classification, 2) The stock IS the sector ETF itself, 3) You're analyzing a non-stock asset (crypto, forex, commodity). The indicator adapts by focusing on market-relative metrics instead. Q: Can I use this on cryptocurrencies? A: Yes! The indicator automatically detects crypto and compares to the Total Crypto Market Cap (CRYPTOCAP:TOTAL). You can also set a custom leader like Bitcoin (BTCUSD) to compare against the dominant crypto. Q: What's the difference between RS Score and Consistency? A: RS Score is the weighted average of how much you're beating the sector (magnitude). Consistency is what percentage of time periods show outperformance (reliability). You want both high - that means strong AND consistent. Q: Do the alerts repaint? A: No. All alerts fire only on bar close (barstate.isconfirmed) and use properly configured data with lookahead=off. Once an alert fires, it's final and won't change. Q: What timeframe should I use? A: For swing trading: Daily or Weekly. For day trading: 1H or 4H. For position trading: Weekly. Use "Chart Timeframe" mode and switch your chart timeframe to change the analysis period easily. Q: Why is Days Above Sector showing 0? A: This means your stock is not currently outperforming its sector. If Days Below Sector is also 0, it means the RS is exactly neutral (very rare). Check the actual RS values to see current standing. Q: Can I compare to a different market benchmark than SPY? A: Currently the indicator uses SPY (S&P 500) as the default US stock market benchmark. For crypto it uses CRYPTOCAP:TOTAL, for forex it uses currency indices, etc. The benchmark auto-adjusts based on asset type. Q: What's a good Beta value? A: It depends on your strategy. Aggressive traders prefer Beta above 1.2 (more volatility = bigger moves). Conservative traders prefer Beta 0.8-1.0 (more stable). Beta is neutral - it's about matching your risk tolerance. Q: How often does the table update? A: With Real-time Indicator enabled: Every tick (constant updates). With it disabled: Only on bar close. Either way, the underlying data is identical and non-repainting - the toggle only affects update frequency and the clock icon display. Q: My stock is showing "AVOID" but it's up 50% this year. Is the indicator wrong? A: Not necessarily. The indicator measures RELATIVE performance. If your stock is up 50% but the sector is up 100%, your stock is actually underperforming by 50%. The indicator helps you identify when you should switch to stronger stocks in the same sector. Q: What does "Strong Buy Setup" really mean? A: It means three things aligned: 1) RS Score above 70 (strong stock), 2) Consistency above 75% (reliable strength), 3) Sector rotation is bullish (hot sector). This combination historically correlates with stocks that continue outperforming. However, this is NOT financial advice - always do your own analysis. Q: Can I use this for options trading? A: Yes! High RS Score stocks make good candidates for call options (bullish bets) while low RS Score stocks may work for puts (bearish bets). Higher Beta stocks will have more volatile options (higher premiums but more movement). Q: Why is my crypto showing N/A for sector? A: Cryptocurrencies don't have "sectors" like stocks do. Instead, the indicator compares crypto to the total crypto market cap. This is normal and expected behavior. Q: What happens if I'm analyzing an ETF? A: If you're analyzing a sector ETF (like XLK), it will compare to SPY (market). If you're analyzing SPY itself, some comparisons won't be available (can't compare SPY to itself). The indicator intelligently adapts to avoid circular comparisons. Q: What if my stock doesn't have industry data? A: Not all stocks are mapped to specific industries (only 30+ major industries are covered). If no industry is detected, the indicator will still work using only sector analysis. The RS Score calculation will use 100% sector weight instead of the 60%/40% split. Q: Why does Industry vs Sector matter? A: Industry vs Sector shows if your specific industry is hot or cold within its broader sector. For example, Semiconductors (SMH) might be outperforming Technology sector (XLK) even though both are up. This helps you find not just strong sectors, but the strongest industries within those sectors. Q: Can I disable Industry analysis? A: Yes! In the "Industry Analysis" settings group, you can toggle off "Show Industry Analysis in Table" to hide all industry rows. However, even when hidden, industry data still contributes to the RS Score calculation for stocks. Q: Why is my Consistency Score lower for stocks than other assets? A: For stocks with industry data, Consistency counts 8 periods (4 Sector + 4 Industry periods) instead of just 4. This means the bar is higher - your stock needs to beat both sector AND industry consistently. A stock that beats sector in all 4 periods but lags industry in 2 periods will show 75% consistency (6/8), not 100%. BEST PRACTICES Use as a screening tool - Set RS Score filter to 70+ and quickly scan your watchlist. Only strong stocks will show the table. Combine with technical analysis - RS Score tells you WHAT to trade, your chart tells you WHEN to enter. Check multiple timeframes - Switch between Daily and Weekly to see if strength holds across different time horizons. Monitor sector rotation - When sector goes from bearish to bullish rotation, it's often a great time to enter stocks in that sector. Watch Industry vs Sector - Stocks in hot industries within hot sectors have double tailwinds. Prioritize Industry vs Sector positive values. Pay attention to consistency - High RS Score with low consistency might be a spike that fades. Look for 70%+ consistency across BOTH sector and industry. Use the leader comparison - If your stock consistently beats both sector leader AND industry leader, you may have found the next champion. Watch days above/below sector - Long streaks (15+ days) indicate strong trends. Look for these in conjunction with high RS Score. Set alerts on key stocks - Enable RS Score alerts at 70 threshold to get notified when watchlist stocks become strong. Consider Beta for position sizing - Size smaller positions in high Beta stocks, larger in low Beta stocks for balanced risk. Exit when RS Score drops - If a stock's RS Score falls below 60, consider reducing or exiting - the strength may be fading. Leverage industry-level insight - If Industry ETF is weak but stock is strong, that's standout strength. If Industry is hot but stock is lagging, consider switching to the industry leader instead. SETTINGS EXPLAINED Display Settings: Show Performance Table - Master on/off switch for the table Table Position - 9 positions available (corners, edges, center) Table Size - 4 sizes (tiny, small, normal, large) for different screen sizes Timeframe Settings: Chart Timeframe (recommended) - Dynamic, uses whatever chart TF you're on Fixed Timeframes - Locks analysis to 1H, 4H, Daily, or Weekly regardless of chart Filtering Settings: Minimum RS Score - Set threshold (0-100) for displaying table Show Warning - When enabled, displays message if stock doesn't meet filter Alert Settings: Divergence Alerts - Enable alerts when stock diverges from sector Threshold (%) - How big a divergence triggers alert (default 5%) RS Score Alerts - Enable alerts when RS Score crosses threshold Threshold - What RS Score level triggers alert (default 70) Sector Analysis Settings: Use Custom Sector ETF - Override automatic sector ETF detection Sector ETF Symbol - Enter any sector ETF to compare against Use Custom Sector Leader - Override automatic sector leader detection Sector Leader Symbol - Enter any ticker as sector leader Industry Analysis Settings: Use Custom Industry ETF - Override automatic industry ETF detection Industry ETF Symbol - Enter specific industry ETF (e.g., IGV, SMH) Use Custom Industry Leader - Override automatic industry leader detection Industry Leader Symbol - Enter specific industry leader Show Industry Analysis - Toggle all industry rows on/off Display Settings: Show Real-time Indicator - Toggle clock icon in header (doesn't affect data) WHAT THIS INDICATOR DOESN'T DO To set proper expectations: Does NOT provide entry/exit signals - this is a strength analyzer, not a trading system Does NOT predict future price movement - shows current and historical relative strength Does NOT guarantee profits - strong RS stocks can still decline Does NOT replace your own analysis - use as one tool among many Does NOT work on stocks with no sector data - will adapt but some rows show N/A This indicator is a decision support tool . It helps you identify which stocks are showing relative strength so you can make more informed trading decisions. You still need your own entry strategy, risk management, and position sizing rules. SUPPORT & CONTACT Questions or feedback? Use the comments section below or send me a message. If you find this indicator useful, please give it a boost and share with other traders who might benefit from relative strength analysis. FINAL REMINDER This indicator is a tool for analyzing relative strength - it shows you which stocks are outperforming their sector and market. It does NOT provide financial advice or trade signals. Always conduct your own research, manage your risk appropriately, and consult with a financial advisor before making investment decisions. Past performance of relative strength does not guarantee future results. Strong stocks can become weak, and sectors rotate in and out of favor. Use this indicator as part of a comprehensive trading strategy, not as a standalone decision-making system. Trade smart, manage risk, and may your RS Scores stay high! If you got till here and you like my work a BOOST and a COMMENT would make me happy
Chỉ báo Pine Script®
của orenluxy
MTF RSI — Centered at Zero# 🌟 **MTF RSI — Centered at Zero（英語版 Description）** **A multi–timeframe RSI tool designed for trend-filtered entries and safer reversal timing. This script transforms both the current timeframe RSI and the 4H RSI by centering them at zero (RSI − 50), giving a clean, intuitive regime view.** --- ## 🔍 **Core Concept** Traditional RSI fluctuates between 0–100, but the true trend cue lies in the relationship to 50. By centering RSI at zero, you instantly see: * **Above 0 → bullish pressure** * **Below 0 → bearish pressure** On top of this, the script plots the **4H RSI as a histogram**, allowing you to visually confirm whether the market is in a BUY-ONLY or SELL-ONLY environment before taking any signals. --- ## 🎯 **What This Script Helps You Do** * Avoid dangerous counter-trend trades * Identify high-quality reversal points only when aligned with the 4H trend * Enter pullbacks or bounces with noticeably higher accuracy * Visually detect regime strength and extreme conditions (RSI >70 / <30) Even during aggressive trending markets, the combined filter **(4H regime + local RSI extreme + initial reversal signal)** keeps you only in high-probability opportunities. --- ## 💡 **Color Logic** ### Vertical stripe (per-bar): * 🔴 **Overbought (RSI >70)** — red / pink * 🔵 **Oversold (RSI <30)** — blue * Colors become stronger when the 4H and current RSI extremes align * Option to show history or only the most recent bar ### Histogram (4H RSI – 50): * Pink column above 0 → bullish bias * Blue column below 0 → bearish bias ### Pivot Signals: * 🟠 **Buy Signal**: RSI crosses up from local weakness *AND* 4H is BUY-ONLY * 🔴 **Sell Signal**: RSI crosses down from local strength *AND* 4H is SELL-ONLY These signals often align with classical **Granville #4 / #8** (deep pullback reversals). --- ## ⏱️ **Timeframe Usage** Works well on: * **5m** for active traders * **15m** for conservative entries * **1H** for swing confirmation All of them rely on the same principle: **“Let the 4H trend guide the direction, and take only high-probability reversals.”** --- ## 🚀 **Best Use Case** Enter only when: 1. 4H histogram clearly shows BUY-ONLY or SELL-ONLY 2. Local RSI hits extreme zones 3. A bounce or breakdown occurs 4. Your stop-loss is clearly defined beneath the reversal structure This combination creates consistently **small losses, larger wins** — ideal for systematic short-term trading. --- --- # 🌟 **MTF RSI — Centered at Zero（日本語版 Description）** **RSIを 50 でセンタリングすることで、 “相場が上に傾いているのか / 下に傾いているのか” を一瞬で判別できる、 マルチタイムフレーム対応のRSIトレンド・フィルタースクリプトです。** --- ## 🔍 **スクリプトの核心** RSIの本質は「50を境に強弱が決まる」ことにあります。 そこで **RSI − 50** を使い、 * **0より上 → 上昇バイアス** * **0より下 → 下降バイアス** となるように変換しています。 4時間足RSIも同様にゼロ基準でヒストグラム化するため、 **いま市場の“支配方向（BUY ONLY / SELL ONLY）”がひと目で分かる仕様** にしています。 --- ## 🎯 **このスクリプトが解決する課題** * トレンドに逆らった“危険な逆張り”を避けられる * 4時間足トレンドと一致したときだけ反転シグナルが出る * 押し目買い・戻り売りの精度が高まる * 極端ゾーン（RSI >70 / <30）を自動で縦ストライプ表示 特に、 **4時間足のトレンド + 極端ゾーン + 初動シグナル（RSI反転）** のセットアップは実戦での成功率が非常に高いです。 --- ## 🎨 **カラーの意味** ### ◆ 縦ストライプ（バー単位） * 🔴 RSI > 70 → オーバーボート（赤/ピンク） * 🔵 RSI < 30 → オーバーソールド（青） * 4Hも同方向の極端であれば濃く表示 * 「過去の塗りを消すモード」搭載（今バーのみ表示） ### ◆ 4時間足ヒストグラム（RSI − 50） * ピンク：上昇圧力（BUY ONLY に近い） * 青：下降圧力（SELL ONLY に近い） ### ◆ 反転シグナル * 🟠 BUY：RSIが弱い領域から上抜け + 4H BUY ONLY * 🔴 SELL：RSIが強すぎる領域から下抜け + 4H SELL ONLY これはグランビルの4番/8番（深い押し・戻りの反転）にも一致します。 --- ## 🕒 **推奨タイムフレーム** * 5分足：素早くエントリーしたい人 * 15分足：最も安定 * 1時間足：ゆったり目線のスイング向け --- ## 🚀 **ベストな使い方** 以下の条件が揃ったとき、統計的に最も強いエントリーになります： 1. 4時間足RSIヒストグラムが BUY ONLY / SELL ONLY 2. 15分足RSIが極端ゾーンに到達 3. 反転初動のシグナルが点灯 4. 損切りラインが構築できている （直近安値・高値のすぐ外側） これにより、**損小利大でブレの少ないトレード** が可能になります。
Chỉ báo Pine Script®
của mail30902
[PickMyTrade] Trendline Strategy# PickMyTrade Advanced Trend Following Strategy for Long Positions | Automated Trading Indicator **Optimize Your Trading with PickMyTrade's Professional Trend Strategy - Auto-Execute Trades with Precision** --- ## Table of Contents 1. (#overview) 2. (#why-this-strategy-makes-money) 3. (#key-features) 4. (#how-it-works) 5. (#strategy-settings--configuration) 6. (#pickmytrade-integration) 7. (#advanced-features) 8. (#risk-management) 9. (#best-practices) 10. (#performance-optimization) 11. (#getting-started) 12. (#faq) --- ## Overview The **PickMyTrade Advanced Trend Following Strategy** is a sophisticated, open-source Pine Script indicator designed for traders seeking consistent profits through trend-based long positions. This powerful algorithm identifies high-probability entry points by detecting valid trendlines with multiple touch confirmations, ensuring you only enter trades when the trend is strongly established. ### What Makes This Strategy Unique? - **Multi-Trendline Detection**: Simultaneously tracks multiple downtrend breakouts for increased trading opportunities - **Intelligent Entry Validation**: Requires multiple price touches (configurable) to confirm trendline validity - **Flexible Take Profit Methods**: Choose from Risk/Reward Ratio, Lookback Candles, or Fibonacci-based exits - **Automated Risk Management**: Built-in position sizing based on dollar risk per trade - **PickMyTrade Ready**: Seamlessly integrate with PickMyTrade for fully automated trade execution **Perfect for**: Swing traders, trend followers, futures traders, and anyone using PickMyTrade for automated trading execution. --- ## Why This Strategy Makes Money ### 1. **Breakout Trading Edge** The strategy profits by identifying when price breaks above established downtrend resistance lines. These breakouts often signal: - Shift in market sentiment from bearish to bullish - Strong buying momentum entering the market - High probability of continued upward movement ### 2. **Trend Confirmation Filter** Unlike simple breakout strategies, this requires **multiple touches** (default: 3) on the trendline before considering it valid. This eliminates: - False breakouts from weak trendlines - Choppy, sideways markets with no clear trend - Low-quality setups that lead to losses ### 3. **Dynamic Risk-Reward Optimization** The strategy automatically calculates: - **Optimal position sizing** based on your risk tolerance ($100 default) - **Stop loss placement** using recent pivot lows (not arbitrary levels) - **Take profit targets** using either R:R ratios (1.5:1 default) or Fibonacci extensions **Expected Profitability**: With proper settings, traders typically achieve: - Win rate: 45-60% (depending on market conditions) - Risk/Reward: 1.5:1 to 2.5:1 (configurable) - Monthly returns: 5-15% (varies by market and risk settings) ### 4. **Fibonacci Profit Scaling** The advanced Fibonacci mode allows you to: - Take partial profits at multiple levels (0.618, 1.0, 1.312, 1.618) - Lock in gains while letting winners run - Maximize profits during strong trending moves --- ## Key Features ### Trend Detection & Validation ✅ **Dynamic Trendline Drawing**: Automatically identifies and extends downtrend resistance lines ✅ **Touch Validation**: Configurable number of touches (1-10) to confirm trendline strength ✅ **Valid Percentage Buffer**: Allows minor price deviations (default 0.1%) for more realistic trendlines ✅ **Pivot-Based Validation**: Optional extra filter using smaller pivot points for precision ### Position Management ✅ **Multi-Position Support**: Trade up to 1000 positions simultaneously (pyramiding) ✅ **Single or Multi-Trend Mode**: Track one primary trend or multiple concurrent trends ✅ **Dollar-Based Position Sizing**: Risk fixed dollar amount per trade (not percentage of account) ✅ **Automatic Quantity Calculation**: Determines optimal contract size based on risk and stop distance ### Take Profit Methods (3 Options) #### 1. **Risk/Reward Ratio** (Recommended for Beginners) - Set desired R:R (default 1.5:1) - Simple, consistent profit targets - Works well in trending markets #### 2. **Lookback Candles** (For Swing Traders) - Exits when price makes new low over X candles (default 10) - Adapts to market volatility - Best for capturing extended moves #### 3. **Fibonacci Extensions** (For Advanced Traders) - Up to 4 profit targets: 61.8%, 100%, 131.2%, 161.8% - Automatically scales out of positions - Maximizes gains during strong trends ### Stop Loss Options ✅ **Pivot-Based Stop Loss**: Uses recent pivot lows for logical stop placement ✅ **Buffer/Offset**: Add extra distance (in ticks) below pivot for safety ✅ **Trailing Stop**: Optional feature to lock in profits as trade moves in your favor ✅ **Enable/Disable Toggle**: Full control over stop loss activation ### Session Control ✅ **Time-Based Trading**: Limit trades to specific hours (e.g., 9:00 AM - 6:00 PM) ✅ **Auto-Close at Session End**: Automatically closes all positions outside trading hours ✅ **Works on All Timeframes**: Intraday and higher timeframes supported --- ## How It Works ### Step-by-Step Trade Logic #### 1. **Trendline Identification** The strategy scans for pivot highs that are **lower** than the previous pivot high, indicating a downtrend. It then: - Draws a trendline connecting these pivot points - Extends the line forward to current price - Validates the line by checking how many candles touched it #### 2. **Entry Trigger** A long position is entered when: - Price closes **above** the validated trendline (breakout) - Session time filter is met (if enabled) - Maximum position limit not exceeded - Sufficient risk capital available for position sizing #### 3. **Stop Loss Calculation** The strategy looks backward to find the most recent pivot low that is: - Below current price - A logical support level - Applies optional buffer/offset for safety - Uses this level to calculate position size #### 4. **Take Profit Execution** Depending on your selected method: - **R:R Mode**: Calculates TP as entry + (entry - SL) × ratio - **Lookback Mode**: Exits when price makes new low over specified candles - **Fibonacci Mode**: Sets 4 profit targets based on Fibonacci extensions from swing high to stop loss #### 5. **Trade Management** Once in position: - Monitors stop loss for risk protection - Tracks take profit levels for exit signals - Optional trailing stop to lock in profits - Closes all trades at session end (if enabled) --- ## Strategy Settings & Configuration ### Trendline Settings | Parameter | Default | Range | Description | Impact on Trading | |-----------|---------|-------|-------------|-------------------| | **Pivot Length For Trend** | 15 | 5-50 | Bars to left/right for pivot detection | Lower = More signals (noisier), Higher = Fewer signals (stronger trends) | | **Touch Number** | 3 | 2-10 | Required touches to validate trendline | Lower = More trades (less reliable), Higher = Fewer trades (more reliable) | | **Valid Percentage** | 0.1% | 0-5% | Allowed deviation from trendline | Higher = More lenient validation, more trades | | **Enable Pivot To Valid** | False | True/False | Extra validation using smaller pivots | True = Stricter filtering, fewer but higher quality trades | | **Pivot Length For Valid** | 5 | 3-15 | Pivot length for extra validation | Smaller = More precise validation | **Recommendation**: Start with defaults. In choppy markets, increase touch number to 4-5. In strongly trending markets, reduce to 2. ### Position Management | Parameter | Default | Range | Description | Impact on Trading | |-----------|---------|-------|-------------|-------------------| | **Enable Multi Trend** | True | True/False | Track multiple trendlines simultaneously | True = More opportunities, False = One trade at a time | | **Position Number** | 1 | 1-1000 | Maximum concurrent positions | Higher = More capital deployed, more risk | | **Risk Amount** | $100 | $10-$10,000 | Dollar risk per trade | Higher = Larger positions, more P&L per trade | | **Enable Default Contract Size** | False | True/False | Use 1 contract if calculated size ≤1 | True = Always enter (even micro accounts) | **Money Management Tip**: Risk 1-2% of your account per trade. If you have $10,000, set Risk Amount to $100-$200. ### Take Profit Settings | Parameter | Default | Options | Description | Best For | |-----------|---------|---------|-------------|----------| | **Set TP Method** | RiskAwardRatio | RiskAwardRatio / LookBackCandles / Fibonacci | Choose exit strategy | Beginners: R:R, Swing: Lookback, Advanced: Fib | | **Risk Award Ratio** | 1.5 | 1.0-5.0 | Target profit as multiple of risk | Higher = Bigger wins but lower win rate | | **Look Back Candles** | 10 | 5-50 | Exit when price makes new low over X bars | Smaller = Quicker exits, Larger = Let winners run | | **Source for TP** | Close | Close / High-Low | Use close or high/low for exit signals | Close = More conservative | **Profitability Guide**: - **Conservative**: R:R = 1.5, Lookback = 10 - **Balanced**: R:R = 2.0, Lookback = 15 - **Aggressive**: R:R = 2.5, Fibonacci mode with 1.618 target ### Stop Loss Settings | Parameter | Default | Range | Description | Impact on Trading | |-----------|---------|-------|-------------|-------------------| | **Turn On/Off SL** | True | True/False | Enable stop loss | **Always use True** for risk protection | | **Pivot Length for SL** | 3 | 2-10 | Pivot length for stop placement | Smaller = Tighter stops, Larger = Wider stops | | **Buffer For SL** | 0.0 | 0-50 | Extra distance below pivot (ticks) | Higher = Safer but lower R:R | | **Turn On/Off Trailing Stop** | False | True/False | Lock in profits as trade moves up | True = Protects profits, may exit early | **Risk Management Rule**: Never disable stop loss. Use buffer in volatile markets (5-10 ticks). ### Fibonacci Settings (When TP Method = Fibonacci) | Parameter | Default | Description | Profit Target | |-----------|---------|-------------|---------------| | **Fibonacci Level 1** | 0.618 | First profit target | 61.8% of swing range | | **Fibonacci Level 2** | 1.0 | Second profit target | 100% of swing range | | **Fibonacci Level 3** | 1.312 | Third profit target | 131.2% extension | | **Fibonacci Level 4** | 1.618 | Fourth profit target | 161.8% extension | | **Pivot Length for Fibonacci** | 15 | Pivot to find swing high | Higher = Bigger swings, wider targets | **Scaling Strategy**: Close 25% at each Fibonacci level to lock in profits progressively. ### Session Settings | Parameter | Default | Description | Use Case | |-----------|---------|-------------|----------| | **Enable Session** | False | Activate time filter | Day trading specific hours | | **Session Time** | 0900-1800 | Trading hours window | Avoid overnight risk | **Day Trader Setup**: Enable session = True, Set hours to 9:30-16:00 (US market hours) --- ## PickMyTrade Integration ### Automate Your Trading with PickMyTrade This strategy is **fully compatible with PickMyTrade**, the leading automation platform for TradingView strategies. Connect your broker account and let PickMyTrade execute trades automatically based on this strategy's signals. ### Why Use PickMyTrade? ✅ **Hands-Free Trading**: Never miss a signal, even while sleeping ✅ **Multi-Broker Support**: Works with Tradovate, NinjaTrader, TradeStation, and more ✅ **Instant Execution**: Alerts trigger trades in milliseconds ✅ **Risk Management**: Built-in position sizing and stop loss handling ✅ **Mobile Monitoring**: Track trades from your phone **Boom!** Your strategy is now fully automated. Every breakout signal will automatically execute a trade through your broker. ### PickMyTrade-Specific Features - **Dynamic Position Sizing**: The strategy calculates quantity based on your risk amount - **Automatic Stop Loss**: Pivot-based stops are sent to your broker automatically - **Take Profit Orders**: R:R and Fibonacci targets create limit orders - **Session Management**: Trades only during specified hours - **Multi-Position Support**: Handle multiple concurrent trades seamlessly **Pro Tip**: Start with paper trading or a demo account to test the automation before going live. --- ## Advanced Features ### 1. Multi-Trendline Mode (Enable Multi Trend = True) **What It Does**: Tracks up to 1000 trendlines simultaneously, entering positions as each one breaks out. **Benefits**: - More trading opportunities - Diversifies entry points across multiple trends - Catches every valid breakout in trending markets **When to Use**: - Strong trending markets (crypto bull runs, index rallies) - Longer timeframes (4H, Daily) - When you want maximum market exposure **Caution**: Can enter many positions quickly. Set appropriate Position Number limit and Risk Amount. ### 2. Single Trendline Mode (Enable Multi Trend = False) **What It Does**: Focuses on one primary trendline at a time. **Benefits**: - Cleaner, simpler execution - Easier to monitor and manage - Better for beginners - Lower capital requirements **When to Use**: - Choppy or ranging markets - Smaller accounts - When you prefer focused, quality over quantity trades ### 3. Fibonacci Profit Scaling **How It Works**: 1. At entry, the strategy finds the most recent swing high above current price 2. Calculates the range from swing high to stop loss 3. Projects 4 Fibonacci extensions: 61.8%, 100%, 131.2%, 161.8% 4. Exits when price reaches each level, then pulls back below it **Profit Maximization Strategy**: - Close 25% of position at each Fibonacci level - Let remaining portion target higher levels - Capture both quick profits and extended moves **Example Trade**: - Entry: $100 - Stop Loss: $95 (risk = $5) - Swing High: $110 - Range: $110 - $95 = $15 Fibonacci Targets: - 61.8% = $95 + ($15 × 0.618) = $104.27 (+4.27%) - 100% = $95 + ($15 × 1.0) = $110 (+10%) - 131.2% = $95 + ($15 × 1.312) = $114.68 (+14.68%) - 161.8% = $95 + ($15 × 1.618) = $119.27 (+19.27%) **Result**: Even if only first two targets hit, you lock in +7% average gain vs. -5% risk = 1.4:1 R:R ### 4. Trailing Stop Loss **What It Does**: After entry, if a new pivot low forms **above** your initial stop, the strategy moves your stop up to that level. **Benefits**: - Locks in profits as trade moves in your favor - Reduces risk to breakeven or better - Captures strong momentum moves **Drawback**: May exit profitable trades earlier during normal pullbacks. **Best Practice**: Use in strongly trending markets. Disable in choppy conditions. ### 5. Pivot Validation Filter **What It Does**: Adds extra requirement that a small pivot high must exist between the two trendline pivot points. **Benefits**: - Ensures trendline is a "true" resistance - Filters out random lines connecting arbitrary highs - Increases trade quality **When to Enable**: - High-volatility markets with many false breakouts - Lower timeframes (5min, 15min) where noise is common - When win rate is too low with default settings **Tradeoff**: Fewer signals, but higher win rate. ### 6. Session-Based Trading **What It Does**: Only enters trades during specified hours. Auto-closes all positions outside session. **Use Cases**: - **Day Trading**: 9:30 AM - 4:00 PM (avoid overnight gaps) - **European Hours**: 8:00 AM - 5:00 PM CET (trade London session) - **Crypto**: 24/7 trading or focus on US hours for liquidity **Risk Management**: Prevents holding positions through high-impact news events or market closes. --- ## Risk Management ### Position Sizing Formula The strategy uses **fixed dollar risk** position sizing: ``` Position Size = Risk Amount ÷ (Entry Price - Stop Loss) ÷ Point Value ``` **Example** (ES Futures): - Risk Amount: $100 - Entry: 4500 - Stop Loss: 4490 - Risk per contract: 10 points × $50/point = $500 - Position Size: $100 ÷ $500 = 0.2 contracts → Rounds to 0 (no trade) If `Enable Default Contract Size = True`, it would trade 1 contract instead. ### Risk Per Trade Recommendations | Account Size | Conservative (1%) | Moderate (2%) | Aggressive (3%) | |--------------|-------------------|---------------|-----------------| | $5,000 | $50 | $100 | $150 | | $10,000 | $100 | $200 | $300 | | $25,000 | $250 | $500 | $750 | | $50,000 | $500 | $1,000 | $1,500 | **Golden Rule**: Never risk more than 2% per trade. Even with 10 losses in a row, you'd only be down 20%. ### Maximum Drawdown Protection **Multi-Position Risk**: - If Position Number = 5 and Risk Amount = $100 - Maximum simultaneous risk = 5 × $100 = $500 - Ensure this is ≤ 5% of your total account **Daily Loss Limit**: - Set a mental stop: "If I lose $X today, I stop trading" - Typical limit: 3-5% of account per day - Prevents revenge trading and emotional decisions ### Stop Loss Best Practices 1. **Always Use Stops**: Never disable stop loss (enabledSL should always be True) 2. **Buffer in Volatile Markets**: Add 5-10 tick buffer to avoid stop hunts 3. **Respect Your Stops**: Don't manually override or move stops further away 4. **Wide Stops = Smaller Size**: If stop is far from entry, strategy automatically reduces position size --- ## Best Practices ### Optimal Timeframes | Timeframe | Trading Style | Position Number | Risk/Reward | Win Rate Expectation | |-----------|---------------|-----------------|-------------|----------------------| | 5-15 min | Scalping | 1-2 | 1.5:1 | 50-55% | | 30 min - 1H | Intraday | 2-3 | 2:1 | 55-60% | | 4H | Swing Trading | 3-5 | 2.5:1 | 60-65% | | Daily | Position Trading | 1-2 | 3:1 | 65-70% | **Recommendation**: Start with 1H or 4H charts for best balance of signals and reliability. ### Ideal Market Conditions **Best Performance**: - Strong trending markets (bull runs, clear directional bias) - After consolidation breakouts - Post-earnings or news catalysts driving sustained moves - Liquid markets with tight spreads **Avoid or Reduce Risk**: - Choppy, sideways-ranging markets - Low-volume periods (holidays, overnight sessions) - High-impact news events (FOMC, NFP, earnings) - Extreme volatility (VIX > 30) ### Backtesting Recommendations Before going live: 1. **Run 6-12 Months of Historical Data**: Ensure strategy performed well across different market regimes 2. **Check Key Metrics**: - Win Rate: Should be 45-65% depending on R:R - Profit Factor: Aim for > 1.5 - Max Drawdown: Should be < 20% of starting capital - Average Win/Loss Ratio: Should match your R:R setting 3. **Stress Test**: Test during known volatile periods (March 2020, Jan 2022, etc.) 4. **Forward Test**: Run on demo account for 1 month before real money ### Parameter Optimization **Don't Over-Optimize!** Avoid curve-fitting to past data. Instead: 1. **Start with Defaults**: Use recommended settings first 2. **Change One Parameter at a Time**: Isolate what improves performance 3. **Test on Out-of-Sample Data**: If settings work on 2023 data, test on 2024 data 4. **Focus on Robustness**: Settings that work across multiple markets/timeframes are best **Red Flags**: - Strategy works perfectly on historical data but fails live (over-fitting) - Tiny changes in parameters dramatically change results (unstable) - Requires exact values (e.g., pivot length must be exactly 17) (curve-fitted) --- ## Performance Optimization ### How to Increase Profitability #### 1. Optimize Risk/Reward Ratio - **Current**: 1.5:1 (default) - **Test**: 2:1, 2.5:1, 3:1 - **Impact**: Higher R:R = bigger wins but lower win rate - **Sweet Spot**: Usually 2:1 to 2.5:1 for trend strategies #### 2. Filter by Market Regime Add a trend filter to only trade in bull markets: - Use 200-period SMA: Only take longs when price > SMA(200) - Use ADX: Only trade when ADX > 25 (strong trend) - **Impact**: Fewer trades, but much higher win rate #### 3. Tighten Entry Requirements - Increase Touch Number from 3 to 4-5 - Enable Pivot To Valid = True - **Impact**: Fewer but higher quality signals #### 4. Use Fibonacci Scaling - Switch from R:R to Fibonacci method - Take partial profits at each level - **Impact**: Better average wins, smoother equity curve #### 5. Add Volume Confirmation Enhance entry signal by requiring: - Volume > Average Volume (indicates strong breakout) - Can add this as custom filter in Pine Script ### How to Reduce Risk #### 1. Lower Position Number - Default: 1 position at a time - Multi-trend: Limit to 2-3 max - **Impact**: Less simultaneous exposure, lower drawdowns #### 2. Reduce Risk Amount - Start with $50 per trade (0.5% of $10k account) - Gradually increase as you gain confidence - **Impact**: Smaller positions, slower growth but safer #### 3. Use Tighter Stops with Buffer - Set Pivot Length for SL = 2 (closer stop) - Add Buffer = 5-10 ticks (avoid premature stop-outs) - **Impact**: Smaller losses, but may get stopped out more often #### 4. Enable Session Filter - Only trade during liquid hours - Avoid overnight holds - **Impact**: No gap risk, more predictable fills --- ## Getting Started ### Quick Start Guide (5 Minutes) 1. **Copy the Strategy Code** - Open the `.txt` file provided - Copy all code to clipboard 2. **Add to TradingView** - Go to TradingView Pine Editor - Paste code - Click "Save" → Name it "PickMyTrade Trend Strategy" - Click "Add to Chart" 3. **Configure Basic Settings** - Open strategy settings (gear icon) - Set Risk Amount = 1% of your account ($100 for $10k) - Set Position Number = 1 (for beginners) - Keep all other defaults 4. **Backtest on Your Market** - Choose your instrument (ES, NQ, AAPL, BTC, etc.) - Select timeframe (start with 1H or 4H) - Review performance metrics in Strategy Tester tab 5. **Optimize (Optional)** - Adjust Touch Number (2-5) to balance signals vs. quality - Try different TP methods (R:R vs. Fibonacci) - Test on multiple timeframes 6. **Go Live** - If backtest looks good, start with small position size - Monitor first 5-10 trades closely - Scale up once confident in execution ### Integration with PickMyTrade (10 Minutes) 1. **Sign Up for PickMyTrade** - Visit (pickmytrade.trade) - Create free account - Connect your broker (Tradovate, NinjaTrader, etc.) 2. **Create TradingView Alert** - Set condition to strategy name - Add PickMyTrade webhook URL - Enable alert 3. **Test with Demo Account** - Let it run for a few days - Verify trades execute correctly - Check fills, stops, and targets 4. **Switch to Live Account** - Update account ID to live account - Start with minimum position size - Monitor closely for first week --- ### Technical Questions **Q: What does "Touch Number = 3" mean?** A: The trendline must have at least 3 candles touching or nearly touching it to be considered valid. **Q: Why am I getting no trades?** A: Trendline requirements may be too strict. Try: - Reduce Touch Number to 2 - Increase Valid Percentage to 0.5% - Disable Pivot To Valid - Check if price is in a trend (strategy won't trade sideways markets) **Q: Why is my position size 0?** A: Risk Amount is too small for the stop distance. Either: - Increase Risk Amount - Enable Default Contract Size = True (will use 1 contract minimum) - Use tighter stops (lower Pivot Length for SL) **Q: Can I trade both long and short?** A: Current code is long-only. You'd need to duplicate the logic for short trades (detect uptrend breakdowns). **Q: How do I change from TradingView strategy to indicator?** A: Change line 5 from `strategy(...)` to `indicator(...)`. Replace `strategy.entry()` and `strategy.exit()` with `alert()` calls. ### Risk Management Questions **Q: What's the maximum drawdown I should expect?** A: Typically 10-20% depending on settings. If experiencing > 25%, reduce position size or tighten filters. **Q: Should I risk more to make more money?** A: No. Risking 2% vs. 5% per trade doesn't triple your profits—it triples your risk of blowing up. Stick to 1-2% per trade. **Q: What if I hit 5 losses in a row?** A: Normal. Even with 60% win rate, losing streaks happen. Don't increase position size to "win it back." Stick to your risk plan. **Q: Do I need to watch the screen all day?** A: No, especially with PickMyTrade automation. Check positions 1-2 times per day. Overtrading kills profits. --- ## Disclaimer **Important Risk Disclosure**: Trading futures, stocks, forex, and cryptocurrencies involves substantial risk of loss and is not suitable for all investors. Past performance is not indicative of future results. The PickMyTrade Advanced Trend Following Strategy is provided for **educational purposes only** and should not be considered financial advice. **Key Risks**: - You can lose more than your initial investment - Backtested results may not reflect live trading performance - Market conditions change; no strategy works forever - Automation errors can occur (connectivity, bugs, etc.) **Before Trading**: - Consult a licensed financial advisor - Fully understand the strategy logic - Test on demo account for at least 1 month - Only risk capital you can afford to lose - Start with minimum position sizes **PickMyTrade**: This strategy is compatible with PickMyTrade but is not officially endorsed by PickMyTrade. The author is not affiliated with PickMyTrade. For PickMyTrade support, visit their official website. **License**: This strategy is open-source under Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0). You may modify and share, but not for commercial use. --- **Ready to automate your trading with PickMyTrade? Add this strategy to your TradingView chart today and start capturing profitable trend breakouts on autopilot!**
Chiến lược Pine Script®
của bhavishyagoyal
Volume Spike on Chart Volume Spike on Chart – Indicator Description A clean, powerful, and fully customizable volume-spike detector that plots directly on your price chart (overlay = true). Designed to instantly reveal institutional buying/selling pressure, climactic exhaustion, and high-probability reversal zones. **Key Features** - Detects volume ≥ user-defined multiples of the 30-period average (default 2.0×, 2.5×, 3.0×) - Marks every real spike with 1, 2 or 3 colored dots placed above bullish candles or below bearish candles - Instantly separates bullish spikes (default lime) from bearish spikes (default fuchsia) - Optional candle coloring on spike bars (or keep original colors) - Smart market-opening filter – automatically ignores the usual volume surge at London (8:00 UTC) and NYSE (14:30 UTC) openings - Fully adjustable thresholds, colors, dot size, dot distance, and filter window - Hover tooltip on every dot shows the exact ratio (e.g. “3.74x average”) **Built-in Alerts (7 ultra-precise conditions – ready for phone & webhook)** - Bull Spike ≥ 2.0× - Bear Spike ≥ 2.0× - Bull Strong ≥ 2.5× - Bear Strong ≥ 2.5× - Bull Climax ≥ 3.0× - Bear Climax ≥ 3.0× - Any Volume Spike (bull or bear) You’ll get notified the exact second a real volume spike fires – no more staring at the screen. **Interpretation** - 1 dot → increased interest - 2 dots → strong participation - 3 dots → climax/exhaustion volume → very high probability of reversal or acceleration Perfect for 1–15 min charts on USTEC (Nasdaq futures), ES, DAX, forex majors, BTC, etc. Add it once, set your alerts, and let the big money light up your phone every time they step in. Created by NATANTIA – trade the spikes, stack the wins! 🚀
Chỉ báo Pine Script®
của Natantia
HTF Candles Pro by MurshidFx# HTF Candles Pro by MurshidFx ## Professional Trading Indicator for Multi-Timeframe Market Structure Analysis **HTF Candles Pro** is an advanced, open-source trading indicator that synthesizes Higher Timeframe (HTF) candle visualization with CISD (Change in State of Delivery) detection, providing comprehensive market structure analysis across multiple timeframes. Designed for traders at all experience levels—from scalpers to swing traders—this tool enables precise alignment of trades with higher timeframe momentum while identifying critical market structure transitions. --- ## Core Functionality This indicator integrates three essential analytical frameworks: - **HTF Candle Visualization** – Inspired by the innovative work of Fadi x MMT's MTF Candles indicator - **CISD Detection System** – Algorithmic identification of significant market structure reversals - **Intelligent Session Level Management** – Automated consolidation of overlapping session markers for enhanced chart clarity The result is a sophisticated yet streamlined analytical tool that delivers actionable market insights with minimal visual complexity. --- ## Feature Set ### Higher Timeframe Candle Analysis Monitor higher timeframe price action seamlessly without chart switching. The indicator employs automatic HTF selection based on current timeframe, with manual override capability. **Components:** - **Primary HTF Display**: Automatically positioned adjacent to current price action - **Secondary HTF Display**: Optional dual-timeframe analysis capability - **Adaptive Time Labeling**: Context-aware formatting (intraday times, day names, week numbers) - **Real-Time Countdown**: Optional timer displaying remaining time until HTF candle close - **Customizable Color Schemes**: Full color customization for bullish and bearish candles ### CISD Detection (Change in State of Delivery) The CISD system identifies critical inflection points where market structure undergoes directional change, signaling potential trend reversals or continuations. **Mechanism:** - **Market Structure Monitoring**: Continuous tracking of swing highs and lows - **Liquidity Sweep Detection**: Identification of stop-hunt patterns preceding reversals - **Reversal Confirmation**: Validation-based CISD level plotting upon structure break confirmation - **Clear Visual Signals**: Bullish CISD (blue) and bearish CISD (red) demarcation - **Optimized Display**: Default 5-bar line length (adjustable) minimizes chart clutter **Technical Definition:** CISD occurs when price breaches structure in one direction—typically sweeping liquidity and triggering stops—then reverses to break structure in the opposite direction, indicating a fundamental shift in market delivery bias. ### Intelligent Session Level Management Eliminates visual clutter caused by overlapping session opens at identical price levels through automated consolidation. **Functionality:** - **Automatic Consolidation**: Merges multiple concurrent session opens into single reference lines - **Combined Labeling**: Creates unified labels (e.g., "Week-Day Open," "4H-Day-Week Open") - **Enhanced Clarity**: Maintains professional chart aesthetics while preserving all relevant information **Supported Session Intervals:** - 30-Minute Opens - 4-Hour Opens - Daily Opens - Weekly Opens - Monthly Opens ### Advanced Market Structure Tools **Liquidity Sweep Identification:** Highlights price wicks extending beyond previous HTF extremes that close within range—characteristic liquidity grab patterns. **HTF Midpoint Reference:** Displays the 50% retracement level of the most recent completed HTF candle, serving as a key reference for entries and profit targets. **HTF Opening Price:** Tracks current HTF candle open price, frequently functioning as dynamic support or resistance. **Interval Demarcation:** Visual separators defining HTF period boundaries for enhanced temporal clarity. ### Information Dashboard Compact, customizable dashboard displaying: - Current symbol and active timeframe - HTF candle countdown timer - Active trading session (Asia/London/New York) - Current date and time Flexible positioning: configurable for any chart corner. --- ## Default Configuration Optimized settings for immediate professional-grade chart presentation: - **Secondary HTF**: Disabled (enable for multi-timeframe comparative analysis) - **CISD Bullish Color**: Blue (#0080ff) – optimal visibility with reduced eye strain - **CISD Line Width**: 1 pixel – subtle yet discernible - **CISD Line Length**: 5 bars – balanced visibility without excessive clutter - **Session Opens**: Smart consolidation enabled – eliminates overlapping labels --- ## Application Strategies ### Trend Following 1. Monitor CISD confirmations aligned with HTF trend direction 2. Utilize HTF candle color for directional bias confirmation 3. Execute entries on pullbacks to HTF midpoint or open price levels ### Reversal Trading 1. Identify counter-trend CISD formations 2. Await HTF candle close confirming new directional bias 3. Use session opens as secondary confirmation levels ### Scalping 1. Trade exclusively in HTF candle direction 2. Employ lower timeframe CISD signals for precise entry timing 3. Target HTF midpoint or subsequent session open levels ### Structure-Based Trading 1. Mark liquidity sweep levels as potential reversal zones 2. Monitor CISD formations at key session opens 3. Confirm trend changes via HTF candle closes --- ## Customization Parameters Comprehensive customization options: - **Color Schemes**: Independent control of bull/bear candles, borders, CISD signals, session levels - **Dimensional Settings**: Candle width, line thickness, label sizing - **Display Quantities**: HTF candle count (1-10 range) - **Positioning**: Candle offset, dashboard placement, label positioning - **Line Styles**: Solid, dashed, or dotted rendering - **Timeframe Selection**: Manual secondary HTF specification --- ## Attribution **HTF Candle Visualization:** The HTF candle rendering methodology draws inspiration from Fadi x MMT's "MTF Candles" indicator. Their elegant implementation of multi-timeframe candle visualization provided valuable reference for this development. Recognition and appreciation to their contribution to the TradingView community. **CISD Detection:** Proprietary CISD detection algorithm engineered to identify market structure transitions with high signal clarity and reduced false positive rate. **Session Level Consolidation:** Custom-developed intelligent grouping system addressing the common challenge of overlapping session labels at coincident price levels. --- ## Open Source License This indicator is released as open source for the TradingView community. Permitted uses include: - Implementation in live trading - Educational study for Pine Script learning - Personal modification and customization - Distribution among trading communities Community contributions, improvements, and derivative works are welcomed and encouraged. --- ## Implementation Guide 1. **Installation**: Click "Add to Chart" 2. **Configuration Access**: Open indicator settings panel 3. **Initial Use**: Default settings provide optimal starting configuration 4. **Optional Features**: Enable secondary HTF for multi-timeframe analysis 5. **Theme Integration**: Adjust color schemes to match chart aesthetics --- ## Best Practices **Timeframe Optimization:** - 1-5 minute charts: Optimal with 15m or 1H HTF - 15-30 minute charts: Effective with 4H HTF - 1-4 hour charts: Suitable for Daily HTF - Daily charts: Best utilized with Weekly/Monthly HTF **CISD Trading Guidelines:** - Require CISD confirmation before position entry - Prioritize CISD signals at significant levels (session opens, HTF midpoints) - Confirm CISD direction aligns with HTF candle bias - Apply contextual filtering—not all CISD signals warrant trades **Session Open Strategy:** - Weekly opens typically provide robust support/resistance - Daily opens offer reliable intraday reference points - 4-Hour opens effective for short-term scalping - Consolidated labels (e.g., "Week-Day Open") indicate confluence zones with elevated significance --- ## Technical Specifications **Performance Optimization:** - Intelligent object management prevents TradingView rendering limits - Efficient array processing for session consolidation - Proper memory management through systematic object deletion - Consistent performance across all timeframe ranges **Compatibility:** - Universal timeframe support - Optimized for all market types (forex, stocks, crypto, futures) - Minimal computational overhead --- ## Support & Development **Feedback Channels:** - Comment section for user feedback and suggestions - Bug reports and feature requests welcomed - Community-driven enhancement consideration **Documentation:** - Well-commented source code for learning purposes - Clear section organization for easy navigation - Comprehensive type definitions for structural clarity - Educational value for market structure concept understanding --- ## Version Information **Version:** 1.0 (Initial Release) **License:** Open Source **Category:** Multi-Timeframe Analysis | Market Structure **Compatibility:** All Timeframes **Language:** Pine Script v5 --- **For optimal results:** - Provide feedback through comments - Share with trading communities - Submit enhancement suggestions - Report technical issues for resolution **Professional Support:** Available through comment section for technical inquiries, implementation questions, and feature requests. --- *Developed for the TradingView trading community | Professional-grade market structure analysis | Open source contribution*
Chỉ báo Pine Script®
của gilani9393
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