ICT Killzones + Macros [TakingProphets]The ICT Killzones indicator is a powerful tool designed to visualize key trading sessions and market timing elements used in ICT (Inner Circle Trader) methodology. It includes:
• Session Markers:
- Asia Session
- London Session
- NY AM Session
- NY Lunch Session
- NY PM Session
• Key Price Levels:
- Session high/low levels that extend until violated
- Midnight Open price level (dotted line)
- True Day Open price level (6 PM EST, dotted line)
• ICT Macro Timing:
- First Macro: 9:45 AM - 10:15 AM EST
- Second Macro: 10:45 AM - 11:15 AM EST
- Distinctive L-shaped brackets marking start and end times
Features:
• Fully customizable colors and styles for all elements
• Adjustable label positions and sizes
• Toggle options for each component
• Smart timeframe filtering
• Clean, uncluttered visual design
This indicator helps traders identify key market structure points, session transitions, and optimal trading windows based on ICT concepts.
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Trend Analysis with Volatility and MomentumVolatility and Momentum Trend Analyzer
The Volatility and Momentum Trend Analyzer is a multi-faceted TradingView indicator designed to provide a comprehensive analysis of market trends, volatility, and momentum. It incorporates key features to identify trend direction (uptrend, downtrend, or sideways), visualize weekly support and resistance levels, and offer a detailed assessment of market strength and activity. Below is a breakdown of its functionality:
1. Input Parameters
The indicator provides customizable settings for precision and adaptability:
Volatility Lookback Period: Configurable period (default: 14) for calculating Average True Range (ATR), which measures market volatility.
Momentum Lookback Period: Configurable period (default: 14) for calculating the Rate of Change (ROC), which measures the speed and strength of price movements.
Support/Resistance Lookback Period: Configurable period (default: 7 weeks) to determine critical support and resistance levels based on weekly high and low prices.
2. Volatility Analysis (ATR)
The Average True Range (ATR) is calculated to quantify the market's volatility:
What It Does: ATR measures the average range of price movement over the specified lookback period.
Visualization: Plotted as a purple line in a separate panel below the price chart, with values amplified (multiplied by 10) for better visibility.
3. Momentum Analysis (ROC)
The Rate of Change (ROC) evaluates the momentum of price movements:
What It Does: ROC calculates the percentage change in closing prices over the specified lookback period, indicating the strength and direction of market moves.
Visualization: Plotted as a yellow line in a separate panel below the price chart, with values amplified (multiplied by 10) for better visibility.
4. Trend Detection
The indicator identifies the current market trend based on momentum and the position of the price relative to its moving average:
Uptrend: Occurs when momentum is positive, and the closing price is above the simple moving average (SMA) of the specified lookback period.
Downtrend: Occurs when momentum is negative, and the closing price is below the SMA.
Sideways Trend: Occurs when neither of the above conditions is met.
Visualization: The background of the price chart changes color to reflect the detected trend:
Green: Uptrend.
Red: Downtrend.
Gray: Sideways trend.
5. Weekly Support and Resistance
Critical levels are calculated based on weekly high and low prices:
Support: The lowest price observed over the last specified number of weeks.
Resistance: The highest price observed over the last specified number of weeks.
Visualization:
Blue Line: Indicates the support level.
Orange Line: Indicates the resistance level.
Both lines are displayed on the main price chart, dynamically updating as new data becomes available.
6. Alerts
The indicator provides configurable alerts for trend changes, helping traders stay informed without constant monitoring:
Uptrend Alert: Notifies when the market enters an uptrend.
Downtrend Alert: Notifies when the market enters a downtrend.
Sideways Alert: Notifies when the market moves sideways.
7. Key Use Cases
Trend Following: Identify and follow the dominant trend to capitalize on sustained price movements.
Volatility Assessment: Measure market activity to determine potential breakouts or quiet consolidation phases.
Support and Resistance: Highlight key levels where price is likely to react, assisting in decision-making for entries, exits, or stop-loss placement.
Momentum Tracking: Gauge the strength and speed of price moves to validate trends or anticipate reversals.
8. Visualization Summary
Main Chart:
Background color-coded for trend direction (green, red, gray).
Blue and orange lines for weekly support and resistance.
Lower Panels:
Purple line for volatility (ATR).
Yellow line for momentum (ROC).
Timeframe-Based Dynamic MA [odnac]
This code is a Timeframe-Based Dynamic MA indicator, written in Pine Script, that dynamically calculates and displays the Simple Moving Average (SMA), Exponential Moving Average (EMA), and Volume Weighted Moving Average (VWMA) based on a 24-hour period, according to the selected timeframe. It automatically adjusts the length of the moving averages for each timeframe, showing the appropriate value optimized for that specific timeframe.
Code Explanation:
Settings:
inputLength: A user input that allows setting the base time (24 hours by default). This value determines the reference for calculating the length of the moving averages according to the timeframe.
transp: A setting for the transparency of the moving average lines. It can accept values from 0 to 100 (0 is opaque, 100 is fully transparent).
Timeframe-Based Moving Average Calculation:
The length variable is dynamically calculated based on the current chart's timeframe.
For shorter timeframes like 1-minute, 2-minute, 3-minute, 5-minute, 10-minute, 15-minute, 30-minute, and 45-minute, the length is calculated by multiplying 60 / selected timeframe to obtain the moving average length based on a 24-hour period.
For longer timeframes like 1 hour, 4 hours, and 1 day, fixed values are used to set the moving average length.
Moving Average Calculation:
sma, ema, vwma: These are the Simple Moving Average, Exponential Moving Average, and Volume Weighted Moving Average calculated based on the length.
else_sma, else_ema, else_vwma: These represent the moving averages fetched from the 1-hour chart. For timeframes that are not calculated directly, the values are taken from the 1-hour chart.
Displaying the Moving Averages:
The moving averages are plotted according to the length calculated for the current timeframe.
If the length for the current timeframe is valid, the corresponding SMA, EMA, and VWMA values are displayed. Otherwise, the values fetched from the 1-hour chart are used.
The moving averages are displayed with the transparency (transp) value set by the user, controlling their opacity on the chart.
How to Use:
Base Time: The user sets a base time. For example, setting inputLength to 24 will calculate the moving average length based on a 24-hour period, which will be dynamically adjusted and displayed according to the selected timeframe.
Transparency Setting: The transparency of the moving average lines can be adjusted using the transp value.
Supported Timeframes:
For shorter timeframes (1-minute, 2-minute, 3-minute, 5-minute, 10-minute, 15-minute, 30-minute, 45-minute), the moving average lengths are dynamically calculated and displayed.
For longer timeframes (1 hour, 4 hours, 1 day), fixed length values are used.
This indicator allows you to dynamically calculate daily moving averages across different timeframes and visually check which moving average is the most appropriate for the selected timeframe.
Dynamic EMA CrossoverThe Dynamic EMA Crossover indicator is designed to help traders identify trend transitions, visually understand market direction, and detect sideways consolidation zones. It simplifies decision-making by dynamically changing colors and highlighting areas of interest.
Key Features:
1. Dynamic EMA Crossovers:
• Uses two EMAs (default: 9 and 26 ) to identify bullish and bearish trends.
• EMAs and the area between them turn green during bullish trends and red during bearish trends for easy visualization.
2. Sideways Market Detection:
• Automatically detects periods of market consolidation when EMAs overlap for 10 consecutive candles and the price movement remains narrow.
• Sideways zones are highlighted with grey background, helping traders avoid false breakouts and trendless markets.
3. Customizable Inputs:
• Adjust the lengths of the two EMAs and the sensitivity of the overlap detection to match your trading style and market conditions.
How It Works:
• Trend Identification:
• When the shorter EMA crosses above the longer EMA, a bullish trend is indicated.
• When the shorter EMA crosses below the longer EMA, a bearish trend is indicated.
• The indicator dynamically adjusts the colors of the EMAs and fills the area between them for clear trend visibility.
• Sideways Market Detection:
• When the shorter EMA and longer EMA stay close (within a customizable sensitivity) for a fixed period (hardcoded to 10 candles), the indicator identifies a sideways market.
• This feature helps traders avoid entering trades during choppy or indecisive market conditions.
Who Is This For?
This indicator is ideal for:
• Trend traders looking for clear signals of trend direction.
• Swing traders who want to avoid trading in sideways markets.
• Scalpers who need quick and reliable visual cues for short-term market behavior.
Use Cases:
1. Bullish/Bearish Trends:
• Enter trades in the direction of the trend as the crossover occurs and colors change.
2. Sideways Zones:
• Avoid trades during periods of consolidation and wait for a clear breakout.
Mashup Logic:
This indicator combines:
1. EMA Crossovers:
• A tried-and-tested method for trend detection using two moving averages.
• Dynamic visual cues for bullish and bearish market phases.
2. Sideways Market Detection:
• Innovative logic to highlight sideways zones based on EMA overlap and price range analysis.
• Helps reduce noise and avoid trading during trendless periods.
3. Customization and Flexibility:
• Fully adjustable EMA lengths and overlap sensitivity to adapt to different markets and trading styles.
SCE Price Action SuiteThis is an indicator designed to use past market data to mark key price action levels as well as provide a different kind of insight. There are 8 different features in the script that users can turn on and off. This description will go in depth on all 8 with chart examples.
#1 Absorption Zones
I defined Absorption Zones as follows.
//----------------------------------------------
//---------------Absorption---------------------
//----------------------------------------------
box absorptionBox = na
absorptionBar = ta.highest(bodySize, absorptionLkb)
bsab = ta.barssince(bool(ta.change(absorptionBar)))
if bsab == 0 and upBar and showAbsorption
absorptionBox := box.new(left = bar_index - 1, top = close, right = bar_index + az_strcuture, bottom = open, border_color = color.rgb(0, 80, 75), border_width = boxLineSize, bgcolor = color.rgb(0, 80, 75))
absorptionBox
else if bsab == 0 and downBar and showAbsorption
absorptionBox := box.new(left = bar_index - 1, top = close, right = bar_index + az_strcuture, bottom = open, border_color = color.rgb(105, 15, 15), border_width = boxLineSize, bgcolor = color.rgb(105, 15, 15))
absorptionBox
What this means is that absorption bars are defined as the bars with the largest bodies over a selected lookback period. Those large bodies represent areas where price may react. I was inspired by the concept of a Fair Value Gap for this concept. In that body price may enter to be a point of support or resistance, market participants get “absorbed” in the area so price can continue in whichever direction.
#2 Candle Wick Theory/Strategy
I defined Candle Wick Theory/Strategy as follows.
//----------------------------------------------
//---------------Candle Wick--------------------
//----------------------------------------------
highWick = upBar ? high - close : downBar ? high - open : na
lowWick = upBar ? open - low : downBar ? close - low : na
upWick = upBar ? close + highWick : downBar ? open + highWick : na
downWick = upBar ? open - lowWick : downBar ? close - lowWick : na
downDelivery = upBar and downBar and high > upWick and highWick > lowWick and totalSize > totalSize and barstate.isconfirmed and session.ismarket
upDelivery = downBar and upBar and low < downWick and highWick < lowWick and totalSize > totalSize and barstate.isconfirmed and session.ismarket
line lG = na
line lE = na
line lR = na
bodyMidpoint = math.abs(body) / 2
upWickMidpoint = math.abs(upWickSize) / 2
downWickkMidpoint = math.abs(downWickSize) / 2
if upDelivery and showCdTheory
cpE = chart.point.new(time, bar_index - 1, downWickkMidpoint)
cpE2 = chart.point.new(time, bar_index + bl, downWickkMidpoint)
cpG = chart.point.new(time, bar_index + bl, downWickkMidpoint * (1 + tp))
cpR = chart.point.new(time, bar_index + bl, downWickkMidpoint * (1 - sl))
cpG1 = chart.point.new(time, bar_index - 1, downWickkMidpoint * (1 + tp))
cpR1 = chart.point.new(time, bar_index - 1, downWickkMidpoint * (1 - sl))
lG := line.new(cpG1, cpG, xloc.bar_index, extend.none, color.green, line.style_solid, 1)
lE := line.new(cpE, cpE2, xloc.bar_index, extend.none, color.white, line.style_solid, 1)
lR := line.new(cpR1, cpR, xloc.bar_index, extend.none, color.red, line.style_solid, 1)
lR
else if downDelivery and showCdTheory
cpE = chart.point.new(time, bar_index - 1, upWickMidpoint)
cpE2 = chart.point.new(time, bar_index + bl, upWickMidpoint)
cpG = chart.point.new(time, bar_index + bl, upWickMidpoint * (1 - tp))
cpR = chart.point.new(time, bar_index + bl, upWickMidpoint * (1 + sl))
cpG1 = chart.point.new(time, bar_index - 1, upWickMidpoint * (1 - tp))
cpR1 = chart.point.new(time, bar_index - 1, upWickMidpoint * (1 + sl))
lG := line.new(cpG1, cpG, xloc.bar_index, extend.none, color.green, line.style_solid, 1)
lE := line.new(cpE, cpE2, xloc.bar_index, extend.none, color.white, line.style_solid, 1)
lR := line.new(cpR1, cpR, xloc.bar_index, extend.none, color.red, line.style_solid, 1)
lR
First I get the size of the wicks for the top and bottoms of the candles. This depends on if the bar is red or green. If the bar is green the wick is the high minus the close, if red the high minus the open, and so on. Next, the script defines the upper and lower bounds of the wicks for further comparison. If the candle is green, it's the open price minus the bottom wick. If the candle is red, it's the close price minus the bottom wick, and so on. Next we have the condition for when this strategy is present.
Down delivery:
Occurs when the previous candle is green, the current candle is red, and:
The high of the current candle is above the upper wick of the previous candle.
The size of the current candle's top wick is greater than its bottom wick.
The total size of the previous candle is greater than the total size of the current candle.
The current bar is confirmed (barstate.isconfirmed).
The session is during market hours (session.ismarket).
Up delivery:
Occurs when the previous candle is red, the current candle is green, and:
The low of the current candle is below the lower wick of the previous candle.
The size of the current candle's bottom wick is greater than its top wick.
The total size of the previous candle is greater than the total size of the current candle.
The current bar is confirmed.
The session is during market hours
Then risk is plotted from the percentage that users can input from an ideal entry spot.
#3 Candle Size Theory
I defined Candle Size Theory as follows.
//----------------------------------------------
//---------------Candle displacement------------
//----------------------------------------------
line lECD = na
notableDown = bodySize > bodySize * candle_size_sensitivity and downBar and session.ismarket and barstate.isconfirmed
notableUp = bodySize > bodySize * candle_size_sensitivity and upBar and session.ismarket and barstate.isconfirmed
if notableUp and showCdSizeTheory
cpE = chart.point.new(time, bar_index - 1, close)
cpE2 = chart.point.new(time, bar_index + bl_strcuture, close)
lECD := line.new(cpE, cpE2, xloc.bar_index, extend.none, color.rgb(0, 80, 75), line.style_solid, 3)
lECD
else if notableDown and showCdSizeTheory
cpE = chart.point.new(time, bar_index - 1, close)
cpE2 = chart.point.new(time, bar_index + bl_strcuture, close)
lECD := line.new(cpE, cpE2, xloc.bar_index, extend.none, color.rgb(105, 15, 15), line.style_solid, 3)
lECD
This plots candles that are “notable” or out of the ordinary. Candles that are larger than the last by a value users get to specify. These candles' highs or lows, if they are green or red, act as levels for support or resistance.
#4 Candle Structure Theory
I defined Candle Structure Theory as follows.
//----------------------------------------------
//---------------Structure----------------------
//----------------------------------------------
breakDownStructure = low < low and low < low and high > high and upBar and downBar and upBar and downBar and session.ismarket and barstate.isconfirmed
breakUpStructure = low > low and low > low and high < high and downBar and upBar and downBar and upBar and session.ismarket and barstate.isconfirmed
if breakUpStructure and showStructureTheory
cpE = chart.point.new(time, bar_index - 1, close)
cpE2 = chart.point.new(time, bar_index + bl_strcuture, close)
lE := line.new(cpE, cpE2, xloc.bar_index, extend.none, color.teal, line.style_solid, 3)
lE
else if breakDownStructure and showStructureTheory
cpE = chart.point.new(time, bar_index - 1, open)
cpE2 = chart.point.new(time, bar_index + bl_strcuture, open)
lE := line.new(cpE, cpE2, xloc.bar_index, extend.none, color.red, line.style_solid, 3)
lE
It is a series of candles to create a notable event. 2 lower lows in a row, a lower high, then green bar, red bar, green bar is a structure for a breakdown. 2 higher lows in a row, a higher high, red bar, green bar, red bar for a break up.
#5 Candle Swing Structure Theory
I defined Candle Swing Structure Theory as follows.
//----------------------------------------------
//---------------Swing Structure----------------
//----------------------------------------------
line htb = na
line ltb = na
if totalSize * swing_struct_sense < totalSize and upBar and downBar and high > high and showSwingSturcture and session.ismarket and barstate.isconfirmed
cpS = chart.point.new(time, bar_index - 1, high)
cpE = chart.point.new(time, bar_index + bl_strcuture, high)
htb := line.new(cpS, cpE, xloc.bar_index, color = color.red, style = line.style_dashed)
htb
else if totalSize * swing_struct_sense < totalSize and downBar and upBar and low > low and showSwingSturcture and session.ismarket and barstate.isconfirmed
cpS = chart.point.new(time, bar_index - 1, low)
cpE = chart.point.new(time, bar_index + bl_strcuture, low)
ltb := line.new(cpS, cpE, xloc.bar_index, color = color.teal, style = line.style_dashed)
ltb
A bearish swing structure is defined as the last candle’s total size, times a scalar that the user can input, is less than the current candles. Like a size imbalance. The last bar must be green and this one red. The last high should also be less than this high. For a bullish swing structure the same size imbalance must be present, but we need a red bar then a green bar, and the last low higher than the current low.
#6 Fractal Boxes
I define the Fractal Boxes as follows
//----------------------------------------------
//---------------Fractal Boxes------------------
//----------------------------------------------
box b = na
int indexx = na
if bar_index % (n * 2) == 0 and session.ismarket and showBoxes
b := box.new(left = bar_index, top = topBox, right = bar_index + n, bottom = bottomBox, border_color = color.rgb(105, 15, 15), border_width = boxLineSize, bgcolor = na)
indexx := bar_index + 1
indexx
The idea of this strategy is that the market is fractal. It is considered impossible to be able to tell apart two different time frames from just the chart. So inside the chart there are many many breakouts and breakdowns happening as price bounces around. The boxes are there to give you the view from your timeframe if the market is in a range from a time frame that would be higher than it. Like if we are inside what a larger time frame candle’s range. If we break out or down from this, we might be able to trade it. Users can specify a lookback period and the box is that period’s, as an interval, high and low. I say as an interval because it is plotted every n * 2 bars. So we get a box, price moves, then a new box.
#7 Potential Move Width
I define the Potential Move Width as follows
//----------------------------------------------
//---------------Move width---------------------
//----------------------------------------------
velocity = V(n)
line lC = na
line l = na
line l2 = na
line l3 = na
line l4 = na
line l5 = na
line l6 = na
line l7 = na
line l8 = na
line lGFractal = na
line lRFractal = na
cp2 = chart.point.new(time, bar_index + n, close + velocity)
cp3 = chart.point.new(time, bar_index + n, close - velocity)
cp4 = chart.point.new(time, bar_index + n, close + velocity * 5)
cp5 = chart.point.new(time, bar_index + n, close - velocity * 5)
cp6 = chart.point.new(time, bar_index + n, close + velocity * 10)
cp7 = chart.point.new(time, bar_index + n, close - velocity * 10)
cp8 = chart.point.new(time, bar_index + n, close + velocity * 15)
cp9 = chart.point.new(time, bar_index + n, close - velocity * 15)
cpG = chart.point.new(time, bar_index + n, close + R)
cpR = chart.point.new(time, bar_index + n, close - R)
if ((bar_index + n) * 2 - bar_index) % n == 0 and session.ismarket and barstate.isconfirmed and showPredictionWidtn
cp = chart.point.new(time, bar_index, close)
cpG1 = chart.point.new(time, bar_index, close + R)
cpR1 = chart.point.new(time, bar_index, close - R)
l := line.new(cp, cp2, xloc.bar_index, extend.none, color.aqua, line.style_solid, 1)
l2 := line.new(cp, cp3, xloc.bar_index, extend.none, color.aqua, line.style_solid, 1)
l3 := line.new(cp, cp4, xloc.bar_index, extend.none, color.red, line.style_solid, 1)
l4 := line.new(cp, cp5, xloc.bar_index, extend.none, color.red, line.style_solid, 1)
l5 := line.new(cp, cp6, xloc.bar_index, extend.none, color.teal, line.style_solid, 1)
l6 := line.new(cp, cp7, xloc.bar_index, extend.none, color.teal, line.style_solid, 1)
l7 := line.new(cp, cp8, xloc.bar_index, extend.none, color.blue, line.style_solid, 1)
l8 := line.new(cp, cp9, xloc.bar_index, extend.none, color.blue, line.style_solid, 1)
l8
By using the past n bar’s velocity, or directional speed, every n * 2 bars. I can use it to scale the close value and get an estimate for how wide the next moves might be.
#8 Linear regression
//----------------------------------------------
//---------------Linear Regression--------------
//----------------------------------------------
lr = showLR ? ta.linreg(close, n, 0) : na
plot(lr, 'Linear Regression', color.blue)
I used TradingView’s built in linear regression to not reinvent the wheel. This is present to see past market strength of weakness from a different perspective.
User input
Users can control a lot about this script. For the strategy based plots you can enter what you want the risk to be in percentages. So the default 0.01 is 1%. You can also control how far forward the line goes.
Look back at where it is needed as well as line width for the Fractal Boxes are controllable. Also users can check on and off what they would like to see on the charts.
No indicator is 100% reliable, do not follow this one blindly. I encourage traders to make their own decisions and not trade solely based on technical indicators. I encourage constructive criticism in the comments below. Thank you.
Xmaster Formula Indicator [TradingFinder] No Repaint Strategies🔵 Introduction
The Xmaster Formula Indicator is a powerful tool for forex trading, combining multiple technical indicators to provide insights into market trends, support and resistance levels, and price reversals. Developed in the early 2010s, it is widely valued for generating reliable buy and sell signals.
Key components include Exponential Moving Averages (EMA) for identifying trends and price momentum, and MACD (Moving Average Convergence Divergence) for analyzing trend strength and direction.
The Stochastic Oscillator and RSI (Relative Strength Index) enhance accuracy by signaling potential price reversals. Additionally, the Parabolic SAR assists in identifying trend reversals and managing risk.
By integrating these tools, the Xmaster Formula Indicator provides a comprehensive view of market conditions, empowering traders to make informed decisions.
🔵 How to Use
The Xmaster Formula Indicator offers two distinct methods for generating signals: Standard Mode and Advance Mode. Each method caters to different trading styles and strategies.
Standard Mode :
In Standard Mode, the indicator uses normalized moving average data to generate buy and sell signals. The difference between the short-term (10-period) and long-term (38-period) EMAs is calculated and normalized to a 0-100 scale.
Buy Signal : When the normalized value crosses above 55, accompanied by the trend line turning green, a buy signal is generated.
Sell Signal : When the normalized value crosses below 45, and the trend line turns red, a sell signal is issued.
This mode is simple, making it ideal for traders looking for straightforward signals without the need for additional confirmations.
Advance Mode :
Advance Mode combines multiple technical indicators to provide more detailed and robust signals.
This method analyzes trends by incorporating :
🟣 MACD
Buy Signal : When the MACD histogram bars are positive.
Sell Signal : When the MACD histogram bars are negative.
🟣 RSI
Buy Signal : When RSI is below 30, indicating oversold conditions.
Sell Signal : When RSI is above 70, suggesting overbought conditions.
🟣 Stochastic Oscillator
Buy Signal : When Stochastic is below 20.
Sell Signal : When Stochastic is above 80.
🟣 Parabolic SAR
Buy Signal : When SAR is below the price.
Sell Signal : When SAR is above the price.
A signal is generated in Advance Mode only when all these indicators align :
Buy Signal : All conditions point to a bullish trend.
Sell Signal : All conditions indicate a bearish trend.
This mode is more comprehensive and suitable for traders who prefer deeper analysis and stronger confirmations before executing trades.
🔵 Settings
Method :
Choose between "Standard" and "Advance" modes to determine how signals are generated. In Standard Mode, signals are based on normalized moving average data, while in Advance Mode, signals rely on the combination of MACD, RSI, Stochastic Oscillator, and Parabolic SAR.
Moving Average Settings :
Short Length : The period for the short-term EMA (default is 10).
Mid Length : The period for the medium-term EMA (default is 20).
Long Length : The period for the long-term EMA (default is 38).
MACD Settings :
Fast Length : The period for the fast EMA in the MACD calculation (default is 12).
Slow Length : The period for the slow EMA in the MACD calculation (default is 26).
Signal Line : The signal line period for MACD (default is 9).
Stochastic Settings :
Length : The period for the Stochastic Oscillator (default is 14).
RSI Settings :
Length : The period for the Relative Strength Index (default is 14).
🔵 Conclusion
The Xmaster Formula Indicator is a versatile and reliable tool for forex traders, offering both simplicity and advanced analysis through its Standard and Advance modes. In Standard Mode, traders benefit from straightforward signals based on normalized moving average data, making it ideal for quick decision-making.
Advance Mode, on the other hand, provides a more detailed analysis by combining multiple indicators like MACD, RSI, Stochastic Oscillator, and Parabolic SAR, delivering stronger confirmations for critical market decisions.
While the Xmaster Formula Indicator offers valuable insights and reliable signals, it is important to use it alongside proper risk management and other analytical methods. By leveraging its capabilities effectively, traders can enhance their trading strategies and achieve better outcomes in the dynamic forex market.
Enhanced SPX and BTC Overlay with EMASPX-BTC Momentum Gauge and EMA Cross Indicator
Thorough Analysis:
• Combined Overlay (Green/Red Line):
o Function: Plots a wide line over the price chart, representing a composite of SPX and BTC dynamics adjusted by volume data.
o Color Coding:
Green: Indicates bullish conditions when the combined value exceeds its 10-period SMA and Bitcoin volume increases.
Red: Signals bearish conditions when the combined value drops below its 10-period SMA and Bitcoin volume decreases.
o Line Characteristics:
Width: Set at 8 for high visibility.
Transparency: 86% for both colors to overlay without obscuring candlesticks.
Scaling: Uses a factor of 0.02446 to amplify movements, making trend changes more noticeable.
• Continuous Bright Red and Green Lines:
o 20-period EMA of Current Ticker (Red):
Purpose: Acts as a medium-term trend indicator, smoothing price data to reflect the asset's general direction over time.
Color: Bright red for easy identification.
Transparency: 60% to keep it visible but not overpowering.
o 5-period EMA of BTC (Green):
Purpose: Provides insights into short-term Bitcoin momentum, capturing rapid changes in market sentiment.
Color: Bright green to distinguish from the red EMA.
Transparency: 30% for high visibility against price movements.
Detailed Analysis of the EMA Cross:
• Crossing Points:
o Bullish Crossover:
Occurs when the 5-period BTC EMA (green) moves above the 20-period EMA of the current ticker (red).
Suggests that Bitcoin's short-term momentum is gaining strength relative to the asset's medium-term trend, potentially signaling an upcoming uptrend or strengthening of an existing one.
o Bearish Crossover:
When the green line falls below the red, it indicates that Bitcoin's immediate momentum is weakening compared to the asset's medium-term trend, which might precede a downtrend or confirm one.
• Early Trade Signals:
o Entry/Exit Points:
These crossovers can guide traders in making timely decisions to enter or exit trades, especially when corroborated by the combined overlay's color.
o Confirmation:
EMA crossovers can confirm trends indicated by the combined overlay. For example, a bullish crossover with a green combined line could validate a buying opportunity.
o Volatility Insights:
The rapid shifts in Bitcoin's 5-period EMA highlight potential volatility spikes, offering an additional layer of market analysis, particularly useful in volatile markets.
• Strategic Use:
o Multi-Market Insight: The script integrates data from both traditional (SPX) and crypto (BTC) markets, allowing for a more comprehensive analysis of market conditions.
o Decision-Making: Provides traders with visual cues for market sentiment, trend direction, and potential reversals, enhancing strategic trading decisions.
o Trend Confirmation: The combination of EMA crossovers and the overlay's color changes offers a multi-faceted approach to trend confirmation or divergence.
In Summary:
• This script merges elements of traditional stock market analysis with cryptocurrency dynamics, utilizing color changes, line thickness, and EMA crossovers to visually communicate market conditions, offering traders a robust tool for analyzing and acting on market movements.
Internals Elite NYSE [Beta]Overview:
This indicator is designed to provide traders with a quick overview of key market internals and metrics in a single, easy-to-read table displayed directly on the chart. It incorporates a variety of metrics that help gauge market sentiment, momentum, and overall market conditions.
The table dynamically updates in real-time and uses color-coding to highlight significant changes or thresholds, allowing traders to quickly interpret the data and make informed trading decisions.
Features:
Market Internals:
TICK: Measures the difference between the number of stocks ticking up versus those ticking down on the NYSE. Green or red background indicates if it crosses a user-defined threshold.
Advance/Decline (ADD): Shows the net number of advancing versus declining stocks on the NYSE. Color-coded to show positive, negative, or neutral conditions.
Volatility Metrics:
VIX Change (%): Displays the percentage change in the Volatility Index (VIX), a key gauge of market fear or complacency. Color-coded for direction.
VIX Price: Displays the current VIX price with thresholds to indicate low, medium, or high volatility.
Other Market Metrics:
DXY Change (%): Percentage change in the US Dollar Index (DXY), indicating dollar strength or weakness.
VWAP Deviation (%): Percentage of stocks above VWAP (Volume Weighted Average Price), helping traders assess intraday buying and selling pressure.
Asset-Specific Metrics:
BTCUSD Change (%): Percentage change in Bitcoin (BTC) price, useful for monitoring cryptocurrency sentiment.
SPY Change (%): Percentage change in the S&P 500 ETF (SPY), a proxy for the overall stock market.
Current Ticker Change (%): Percentage change in the currently selected ticker on the chart.
US10Y Change (%): Percentage change in the yield of the 10-Year US Treasury Note (TVC:US10Y), an important macroeconomic indicator.
Customizable Appearance:
Adjustable text size to suit your chart layout.
User-defined thresholds for key metrics (e.g., TICK, ADD, VWAP, VIX).
Dynamic Table Placement:
You can position the table anywhere on the chart: top-right, top-left, bottom-right, bottom-left, middle-right, or middle-left.
How to Use:
Add the Indicator to Your Chart:
Apply the indicator to your chart from the Pine Script editor in TradingView.
Customize the Inputs:
Adjust the thresholds for TICK, ADD, VWAP, and VIX according to your trading style.
Enable or disable the metrics you want to see in the table by toggling the display options for each metric (e.g., Show TICK, Show BTC, Show SPY).
Set the table placement to your preferred position on the chart.
Interpret the Table:
Look for color-coded cells to quickly identify significant changes or breaches of thresholds.
Positive values are typically shown in green, negative values in red, and neutral/insignificant changes in gray.
Use metrics like TICK and ADD to gauge market breadth and momentum.
Refer to VWAP deviation to assess intraday buying or selling pressure.
Monitor the VIX and US10Y changes to stay aware of macroeconomic and volatility shifts.
Incorporate Into Your Strategy:
Use the indicator alongside technical analysis to confirm setups or identify areas of caution.
Keep an eye on correlated metrics (e.g., VIX and SPY) for broader market context.
Use BTCUSD or DXY as additional indicators of risk-on/risk-off sentiment.
Ideal Users:
Day Traders: Quickly gauge intraday market conditions and momentum.
Swing Traders: Identify broader sentiment shifts using metrics like ADD, DXY, and US10Y.
Macro Investors: Stay updated on key macroeconomic indicators like the 10-Year Treasury yield (US10Y) and the US Dollar Index (DXY).
This indicator serves as a comprehensive tool for understanding market conditions at a glance, enabling traders to act decisively based on the latest data.
Silver Bullet SessionsThe Silver Bullet Sessions indicator is a specialized timing tool designed to highlight key market sessions throughout the trading day. By marking specific hours with vertical lines, it helps traders identify potentially significant market moments that often coincide with increased volatility and trading opportunities.
This indicator plots vertical lines at six strategic times during the trading day: 3:00 AM, 4:00 AM, 10:00 AM, 11:00 AM, 2:00 PM, and 3:00 PM. These times are carefully selected to correspond with important market events and session overlaps in the global trading cycle. The early morning hours (3-4 AM) often capture significant Asian market movements and the European market opening. The mid-morning period (10-11 AM) typically corresponds with peak European trading hours and the pre-US market dynamics. The afternoon times (2-3 PM) coincide with key US market activities and the European market close.
The indicator is implemented using Pine Script version 6, ensuring compatibility with the latest TradingView platform features. It employs a clean, efficient coding structure that minimizes resource usage while maintaining reliable performance. The vertical lines are rendered in blue for clear visibility against any chart background, and their width is optimized for easy identification without obscuring price action.
Traders can use these visual markers to:
Plan their entries and exits around these key time periods
Anticipate potential market volatility
Structure their trading sessions around these significant market hours
Identify session-based trading patterns
Volume Comparison with Buyer/Seller PressureTHIS indicator is well-structured and provides a comprehensive way to analyze volume alongside buyer and seller pressure. This indicator helps traders analyze volume dynamics in the stock or cryptocurrency market while simultaneously assessing buyer and seller pressure. Its use case revolves around identifying strong buying or selling activity, neutral conditions, and volume trends over different time periods. Below is a breakdown of how to use this indicator:
This Pine Script indicator helps traders analyze volume dynamics in the stock or cryptocurrency market while simultaneously assessing buyer and seller pressure. Its use case revolves around identifying strong buying or selling activity, neutral conditions, and volume trends over different time periods. Below is a breakdown of how to use this indicator:
Key Features and Use Case
Volume-Based Insights:
Displays daily volume and compares it to the 3-day, 5-day, 10-day, and 20-day moving averages of volume. Helps traders identify days with unusual volume spikes relative to historical averages, signaling potential reversals or breakouts.
Buyer and Seller Pressure:
Measures buyer pressure: how much the closing price dominates the trading range of the day.
Measures seller pressure: how much the opening price dominates the trading range of the day.
Highlights areas where buying or selling pressure is particularly strong (≥ 0.75).
Background Signals:
Green Background: Strong buyer pressure (indicative of potential upward momentum).
Red Background: Strong seller pressure (indicative of potential downward momentum).
Gray Background: Neutral market conditions (neither buying nor selling dominance).
Alerts:
Alerts traders when:
Strong buying signals are detected.
Strong selling signals are detected.
The market is neutral, with neither buyers nor sellers in control.
Decision-Making Aid:
Combines volume analysis with price action (buyer/seller pressure) to help traders identify:
Potential breakout opportunities.
Reversal points.
Neutral zones where a trader might avoid trading due to indecision in the market.
How to Use It in Trading:------->
Add the Indicator:
Apply this Indicator to your Trading View chart to start visualizing the buyer/seller pressure and volume averages.
Interpret Volume Trends:
Look for days when daily volume significantly exceeds the 3-day, 5-day, 10-day, or 20-day average.
These could indicate:
A breakout when aligned with strong buyer pressure.
A sell-off when aligned with strong seller pressure.
React to Background Colors:
* Green Background (Strong Buyer Pressure):
Suggests buyers are dominating the market, and upward momentum is likely.
Use this signal to consider buying opportunities, especially if volume is above average.
* Red Background (Strong Seller Pressure):
Indicates sellers are in control, and prices might fall.
Use this signal to consider selling or shorting opportunities.
* Gray Background (Neutral Market):
Reflects indecision; avoid entering trades during these periods unless other signals support a strategy.
Volume Confirmation:
Combine volume analysis with buyer/seller pressure to confirm trends.
Example: A high daily volume with strong buyer pressure signals a high-probability uptrend.
Set Alerts:
Enable alerts to receive real-time notifications when the market generates strong buy/sell signals or enters a neutral zone.
Who Can Benefit:
* Day Traders: Quickly assess intraday market dynamics and volume trends.
* Swing Traders: Identify breakout opportunities or reversal points based on strong buyer/seller pressure.
* Volume Analysts: Compare historical volume averages to current conditions for deeper insights.
Limitations:
Does not guarantee success—should be combined with other technical indicators or strategies.
In low-volume markets, signals may produce false positives or unreliable results.
Assumes traders have basic knowledge of price action and volume analysis.
By integrating this indicator into your strategy, you gain a powerful tool to analyze buyer/seller dominance alongside volume trends, improving your market timing and trade execution.
The Buyer and Seller Pressure components in this indicator provide crucial insights into the market's sentiment and momentum by analyzing the price action relative to the trading volume. Here's how they are used:
1. Buyer Pressure:
Formula:
Buyer Pressure = (Close − Open) / (High − Low )
Interpretation:
* A high buyer pressure (≥ 0.75) indicates strong bullish sentiment, where the price closes much higher than it opened, and the range (high-low) is sufficiently wide.
* It identifies periods of aggressive buying, often signaling potential bullish trends or confirming upward momentum.
2. Seller Pressure:
Formula:
Seller Pressure = (Close − Open ) / (High -Low )
Interpretation:
*A high seller pressure (≥ 0.75) suggests strong bearish sentiment, where the price closes much lower than it opened, within a wide range.
*It helps identify periods of aggressive selling, signaling potential bearish trends or downward momentum.
Purpose in the Indicator:
1. Market Sentiment Analysis:
* Buyer Pressure and Seller Pressure allow traders to gauge market sentiment—whether buyers or sellers dominate a particular time frame.
* This helps in identifying trend reversals or confirmations.
2. Decision-Making Framework:
* The indicator uses thresholds (default 0.75) to classify the market into:
* Strong Buy Signal: When buyer pressure is dominant.
* Strong Sell Signal: When seller pressure is dominant.
* Neutral Signal: When neither buyer nor seller pressure dominates.
*This classification provides a straightforward decision-making tool for traders.
Risk Management:
*By identifying periods of strong buying or selling, traders can avoid entering trades in highly volatile or one-sided markets, which helps reduce risk.
Volume Confirmation:
*Integrating volume data with buyer/seller pressure helps confirm trends. For example:
*High buyer pressure accompanied by higher-than-average volume strengthens the bullish signal.
*Similarly, high seller pressure with higher-than-average volume confirms bearish signals.
Trade Timing:
*The indicator highlights conditions of potential entry (strong buy) or exit (strong sell), allowing traders to time their trades better based on real-time market activity.
Use Case:
*Example:
*Suppose the indicator shows Buyer Pressure = 0.85 with daily volume above the 3-day average. This combination suggests strong bullish activity with momentum, signaling a buy opportunity.
*Conversely, if Seller Pressure = 0.80 with volume above the 5-day average, it signals strong bearish momentum, ideal for selling or shorting.
This indicator combines buyer/seller pressure with volume dynamics, making it valuable for short-term and intraday traders looking for precise market entries and exits.
The background color in this indicator plays an important visual role in helping traders quickly identify the market sentiment based on buyer and seller pressure. It provides a dynamic, color-coded background that changes depending on the strength of the market's buying or selling activity.
Here's how it works:
Background Color Logic:
1. Green Background (Strong Buy Signal):
*Condition: The background turns green when buyer pressure is greater than or equal to 0.75 (strong buying pressure).
*Interpretation: A green background indicates that there is significant bullish sentiment in the market, with strong buying activity. Traders can interpret this as an environment conducive to buying or holding long positions.
*Visual Effect: This helps to quickly spot bullish market conditions, reinforcing potential entry signals for buyers.
2.Red Background (Strong Sell Signal):
*Condition: The background turns red when seller pressure is greater than or equal to 0.75 (strong selling pressure).
*Interpretation: A red background indicates that the market is dominated by selling, showing strong bearish sentiment. Traders can consider this as a signal to sell or short the asset.
*Visual Effect: The red background highlights moments when the market is heavily selling, prompting traders to either exit long positions or take short positions.
Gray Background (Neutral/Indecision Zone):
Condition: The background turns gray when neither buyer nor seller pressure exceeds 0.75. This means the market is neutral, with no dominant bullish or bearish sentiment.
Interpretation: A gray background suggests market indecision or balance between buyers and sellers. It can indicate periods of consolidation or sideways movement where no strong trend is forming.
Visual Effect: The gray background helps traders avoid entering trades when the market lacks a clear direction or when the sentiment is neutral, reducing risk during indecisive times.
Practical Use:
Instant Visual Confirmation:
*Traders can use the background color as an instant confirmation of the market’s sentiment. For instance, if the background turns green, traders might feel more confident in making a long (buy) trade.
*If the background turns red, it serves as a strong visual cue to short or exit a long position.
Helps with Trade Timing:
*The background color can be used in conjunction with other indicators and volume data to time entries and exits more effectively. For example:
*A green background with strong volume indicates a strong trend that could justify a buy.
*A red background with a significant volume surge signals strong selling pressure, which could prompt a sell.
Simplifies Market Analysis:
*For traders who prefer visual cues over complex analysis, the background color simplifies market conditions. Instead of focusing on individual numbers or values, the color-coded background gives them a quick, intuitive view of the market sentiment.
Summary:
* Green background = Strong buying pressure (bullish sentiment)
* Red background = Strong selling pressure (bearish sentiment)
* Gray background = Neutral market (indecision or balance between buyers and sellers)
This background color functionality helps traders stay aware of the prevailing market sentiment at a glance, providing an intuitive way to guide trading decisions.
Average Candle RangeThis indicator calculates and displays the average trading range of candles over a specified period, helping traders identify volatility patterns and potential trading opportunities.
Features:
- Customizable lookback period (1-500 bars)
- Clean visual display in a top-right table overlay
- High-precision calculation showing 10 decimal places
- Real-time updates with each new bar
How it Works:
The indicator calculates the range of each candle (High - Low) and then computes the Simple Moving Average (SMA) of these ranges over your specified lookback period. The result is displayed in an easy-to-read table overlay.
Use Cases:
- Volatility Analysis: Monitor market volatility trends
- Position Sizing: Help determine position sizes based on average price movements
- Trading Strategy Development: Use as a reference for setting stop losses and take profits
- Market Phase Identification: Help identify high vs low volatility market phases
Settings:
- Lookback Period: Default is 140 bars, adjustable from 1 to 500
Note:
The indicator displays values with 10 decimal places for high-precision analysis, particularly useful in markets with small price movements.
Dual Bayesian For Loop [QuantAlgo]Discover the power of probabilistic investing and trading with Dual Bayesian For Loop by QuantAlgo , a cutting-edge technical indicator that brings statistical rigor to trend analysis. By merging advanced Bayesian statistics with adaptive market scanning, this tool transforms complex probability calculations into clear, actionable signals—perfect for both data-driven traders seeking statistical edge and investors who value probability-based confirmation!
🟢 Core Architecture
At its heart, this indicator employs an adaptive dual-timeframe Bayesian framework with flexible scanning capabilities. It utilizes a configurable loop start parameter that lets you fine-tune how recent price action influences probability calculations. By combining adaptive scanning with short-term and long-term Bayesian probabilities, the indicator creates a sophisticated yet clear framework for trend identification that dynamically adjusts to market conditions.
🟢 Technical Foundation
The indicator builds on three innovative components:
Adaptive Loop Scanner: Dynamically evaluates price relationships with adjustable start points for precise control over historical analysis
Bayesian Probability Engine: Transforms market movements into probability scores through statistical modeling
Dual Timeframe Integration: Merges immediate market reactions with broader probability trends through custom smoothing
🟢 Key Features & Signals
The Adaptive Dual Bayesian For Loop transforms complex calculations into clear visual signals:
Binary probability signal displaying definitive trend direction
Dynamic color-coding system for instant trend recognition
Strategic L/S markers at key probability reversals
Customizable bar coloring based on probability trends
Comprehensive alert system for probability-based shifts
🟢 Practical Usage Tips
Here's how you can get the most out of the Dual Bayesian For Loop :
1/ Setup:
Add the indicator to your TradingView chart by clicking on the star icon to add it to your favorites ⭐️
Start with default source for balanced price representation
Use standard length for probability calculations
Begin with Loop Start at 1 for complete price analysis
Start with default Loop Lookback at 70 for reliable sampling size
2/ Signal Interpretation:
Monitor probability transitions across the 50% threshold (0 line)
Watch for convergence of short and long-term probabilities
Use L/S markers for potential trade signals
Monitor bar colors for additional trend confirmation
Configure alerts for significant trend crossovers and reversals, ensuring you can act on market movements promptly, even when you’re not actively monitoring the charts
🟢 Pro Tips
Fine-tune loop parameters for optimal sensitivity:
→ Lower Loop Start (1-5) for more reactive analysis
→ Higher Loop Start (5-10) to filter out noise
Adjust probability calculation period:
→ Shorter lengths (5-10) for aggressive signals
→ Longer lengths (15-30) for trend confirmation
Strategy Enhancement:
→ Compare signals across multiple timeframes
→ Combine with volume for trade validation
→ Use with support/resistance levels for entry timing
→ Integrate other technical tools for even more comprehensive analysis
S&P 500 E-Mini TrackerThis script generates a reference price for the S&P 500 ETF - SPY based on the current price of the ES contract, which is an E-Mini Futures contract representing the S&P 500 index. The indicator plots this reference price on the chart, providing a unique view of the relationship between these two popular markets.
Advantages:
Identifies divergence between the ES and SPY prices, indicating potential trading opportunities or shifts in market sentiment.
Confirms trends by showing the correlation between the ES and SPY prices.
Eliminates the need for multiple charts, allowing traders to focus on a single screen and make more informed decisions.
Customizable Parameters:
Color Scheme: Choose from various color options to customize the appearance of the indicator.
Line Style: Select from different line styles to change the visual representation of the reference price.
Divisor: Set the dividing factor to adjust the ratio at which the reference price is calculated. (Default value: 10). It is recommended to keep it at 10 for SPY.
To use it with other Stocks/ ETFs, use simple ratio math to calculate the divisor and you can customize the indicator to scale accordingly.
By using this indicator, traders can gain a deeper understanding of the relationship between the E-Mini and SPY markets, making it easier to identify trading opportunities and confirm trends.
Trend Trader-Remastered StrategyOfficial Strategy for Trend Trader - Remastered
Indicator: Trend Trader-Remastered (TTR)
Overview:
The Trend Trader-Remastered is a refined and highly sophisticated implementation of the Parabolic SAR designed to create strategic buy and sell entry signals, alongside precision take profit and re-entry signals based on marked Bill Williams (BW) fractals. Built with a deep emphasis on clarity and accuracy, this indicator ensures that only relevant and meaningful signals are generated, eliminating any unnecessary entries or exits.
Please check the indicator details and updates via the link above.
Important Disclosure:
My primary objective is to provide realistic strategies and a code base for the TradingView Community. Therefore, the default settings of the strategy version of the indicator have been set to reflect realistic world trading scenarios and best practices.
Key Features:
Strategy execution date&time range.
Take Profit Reduction Rate: The percentage of progressive reduction on active position size for take profit signals.
Example:
TP Reduce: 10%
Entry Position Size: 100
TP1: 100 - 10 = 90
TP2: 90 - 9 = 81
Re-Entry When Rate: The percentage of position size on initial entry of the signal to determine re-entry.
Example:
RE When: 50%
Entry Position Size: 100
Re-Entry Condition: Active Position Size < 50
Re-Entry Fill Rate: The percentage of position size on initial entry of the signal to be completed.
Example:
RE Fill: 75%
Entry Position Size: 100
Active Position Size: 50
Re-Entry Order Size: 25
Final Active Position Size:75
Important: Even RE When condition is met, the active position size required to drop below RE Fill rate to trigger re-entry order.
Key Points:
'Process Orders on Close' is enabled as Take Profit and Re-Entry signals must be executed on candle close.
'Calculate on Every Tick' is enabled as entry signals are required to be executed within candle time.
'Initial Capital' has been set to 10,000 USD.
'Default Quantity Type' has been set to 'Percent of Equity'.
'Default Quantity' has been set to 10% as the best practice of investing 10% of the assets.
'Currency' has been set to USD.
'Commission Type' has been set to 'Commission Percent'
'Commission Value' has been set to 0.05% to reflect the most realistic results with a common taker fee value.
US 10Y - US 2Y Spread This script displays the Yield Spread between the 10 Year US Treasury Bond (US10Y) and the 2 Year US Treasury Bond (US02Y) as a blue line beneath the chart. It is best to be used on weekly charts a the yield spread is a leading indicator used for detecting possible recessions within the US economy.
A negative yield spread means the 2 year treasury bonds are paying a higher yield than 10 year treasury bonds indicating a possible slowdown of the US economy. In the past negative yield spreads where often followed by recessions and major corrections of the S&P500... you can see examples for this on the above chart for the Gulf War recession, the DotCom Bubble recession, the great recession due to the US housing market collapse and the short COVID recession.
Currently we are in an extended phase of negative yield spreads and if history repeats itself we could be in for a major correction on the financial markets within the next years.
Smart DCA Strategy (Public)INSPIRATION
While Dollar Cost Averaging (DCA) is a popular and stress-free investment approach, I noticed an opportunity for enhancement. Standard DCA involves buying consistently, regardless of market conditions, which can sometimes mean missing out on optimal investment opportunities. This led me to develop the Smart DCA Strategy – a 'set and forget' method like traditional DCA, but with an intelligent twist to boost its effectiveness.
The goal was to build something more profitable than a standard DCA strategy so it was equally important that this indicator could backtest its own results in an A/B test manner against the regular DCA strategy.
WHY IS IT SMART?
The key to this strategy is its dynamic approach: buying aggressively when the market shows signs of being oversold, and sitting on the sidelines when it's not. This approach aims to optimize entry points, enhancing the potential for better returns while maintaining the simplicity and low stress of DCA.
WHAT THIS STRATEGY IS, AND IS NOT
This is an investment style strategy. It is designed to improve upon the common standard DCA investment strategy. It is therefore NOT a day trading strategy. Feel free to experiment with various timeframes, but it was designed to be used on a daily timeframe and that's how I recommend it to be used.
You may also go months without any buy signals during bull markets, but remember that is exactly the point of the strategy - to keep your buying power on the sidelines until the markets have significantly pulled back. You need to be patient and trust in the historical backtesting you have performed.
HOW IT WORKS
The Smart DCA Strategy leverages a creative approach to using Moving Averages to identify the most opportune moments to buy. A trigger occurs when a daily candle, in its entirety including the high wick, closes below the threshold line or box plotted on the chart. The indicator is designed to facilitate both backtesting and live trading.
HOW TO USE
Settings:
The input parameters for tuning have been intentionally simplified in an effort to prevent users falling into the overfitting trap.
The main control is the Buying strictness scale setting. Setting this to a lower value will provide more buying days (less strict) while higher values mean less buying days (more strict). In my testing I've found level 9 to provide good all round results.
Validation days is a setting to prevent triggering entries until the asset has spent a given number of days (candles) in the overbought state. Increasing this makes entries stricter. I've found 0 to give the best results across most assets.
In the backtest settings you can also configure how much to buy for each day an entry triggers. Blind buy size is the amount you would buy every day in a standard DCA strategy. Smart buy size is the amount you would buy each day a Smart DCA entry is triggered.
You can also experiment with backtesting your strategy over different historical datasets by using the Start date and End date settings. The results table will not calculate for any trades outside what you've set in the date range settings.
Backtesting:
When backtesting you should use the results table on the top right to tune and optimise the results of your strategy. As with all backtests, be careful to avoid overfitting the parameters. It's better to have a setup which works well across many currencies and historical periods than a setup which is excellent on one dataset but bad on most others. This gives a much higher probability that it will be effective when you move to live trading.
The results table provides a clear visual representation as to which strategy, standard or smart, is more profitable for the given dataset. You will notice the columns are dynamically coloured red and green. Their colour changes based on which strategy is more profitable in the A/B style backtest - green wins, red loses. The key metrics to focus on are GOA (Gain on Account) and Avg Cost.
Live Trading:
After you've finished backtesting you can proceed with configuring your alerts for live trading.
But first, you need to estimate the amount you should buy on each Smart DCA entry. We can use the Total invested row in the results table to calculate this. Assuming we're looking to trade on
BTCUSD
Decide how much USD you would spend each day to buy BTC if you were using a standard DCA strategy. Lets say that is $5 per day
Enter that USD amount in the Blind buy size settings box
Check the Blind Buy column in the results table. If we set the backtest date range to the last 10 years, we would expect the amount spent on blind buys over 10 years to be $18,250 given $5 each day
Next we need to tweak the value of the Smart buy size parameter in setting to get it as close as we can to the Total Invested amount for Blind Buy
By following this approach it means we will invest roughly the same amount into our Smart DCA strategy as we would have into a standard DCA strategy over any given time period.
After you have calculated the Smart buy size, you can go ahead and set up alerts on Smart DCA buy triggers.
BOT AUTOMATION
In an effort to maintain the 'set and forget' stress-free benefits of a standard DCA strategy, I have set my personal Smart DCA Strategy up to be automated. The bot runs on AWS and I have a fully functional project for the bot on my GitHub account. Just reach out if you would like me to point you towards it. You can also hook this into any other 3rd party trade automation system of your choice using the pre-configured alerts within the indicator.
PLANNED FUTURE DEVELOPMENTS
Currently this is purely an accumulation strategy. It does not have any sell signals right now but I have ideas on how I will build upon it to incorporate an algorithm for selling. The strategy should gradually offload profits in bull markets which generates more USD which gives more buying power to rinse and repeat the same process in the next cycle only with a bigger starting capital. Watch this space!
MARKETS
Crypto:
This strategy has been specifically built to work on the crypto markets. It has been developed, backtested and tuned against crypto markets and I personally only run it on crypto markets to accumulate more of the coins I believe in for the long term. In the section below I will provide some backtest results from some of the top crypto assets.
Stocks:
I've found it is generally more profitable than a standard DCA strategy on the majority of stocks, however the results proved to be a lot more impressive on crypto. This is mainly due to the volatility and cycles found in crypto markets. The strategy makes its profits from capitalising on pullbacks in price. Good stocks on the other hand tend to move up and to the right with less significant pullbacks, therefore giving this strategy less opportunity to flourish.
Forex:
As this is an accumulation style investment strategy, I do not recommend that you use it to trade Forex.
For more info about this strategy including backtest results, please see the full description on the invite only version of this strategy named "Smart DCA Strategy"
Psychological Levels- Rounding Numbers Psychological Levels Indicator
Overview:
The Psychological Levels Indicator automatically identifies and plots significant price levels based on psychological thresholds, which are key areas where market participants often focus their attention. These levels act as potential support or resistance zones due to human behavioral tendencies to round off numbers. This indicator dynamically adjusts the levels based on the stock's price range and ensures seamless visibility across the chart.
Key Features:
Dynamic Step Sizes:
The indicator adjusts the levels dynamically based on the stock price:
For prices below 500: Levels are spaced at 10.
For prices between 500 and 3000: Levels are spaced at 50, 100, and 1000.
For prices between 3000 and 10,000: Levels are spaced at 100 and 1000.
For prices above 10,000: Levels are spaced at 500 and 1000.
Extended Visibility:
The plotted levels are extended across the entire chart for improved visualization, ensuring traders can easily monitor these critical zones over time.
Customization Options:
Line Color: Choose the color for the levels to suit your charting style.
Line Style: Select from solid, dashed, or dotted lines.
Line Width: Adjust the thickness of the lines for better clarity.
Clean and Efficient Design:
The indicator only plots levels relevant to the visible chart range, avoiding unnecessary clutter and ensuring a clean workspace.
How It Works:
It calculates the relevant step sizes based on the price:
Smaller step sizes for lower-priced stocks.
Larger step sizes for higher-priced stocks.
Primary, secondary, and (if applicable) tertiary levels are plotted dynamically:
Primary Levels: The most granular levels based on the stock price.
Secondary Levels: Higher-order levels for broader significance.
Tertiary Levels: Additional levels for lower-priced stocks to enhance detail.
These levels are plotted across the chart, allowing traders to visualize key psychological areas effortlessly.
Use Cases:
Day Trading: Identify potential intraday support and resistance levels.
Swing Trading: Recognize key price zones where trends may pause or reverse.
Long-Term Investing: Gain insights into significant price zones for entry or exit strategies.
Average Price Range Screener [KFB Quant]Average Price Range Screener
Overview:
The Average Price Range Screener is a technical analysis tool designed to provide insights into the average price volatility across multiple symbols over user-defined time periods. The indicator compares price ranges from different assets and displays them in a visual table and chart for easy reference. This can be especially helpful for traders looking to identify symbols with high or low volatility across various time frames.
Key Features:
Multiple Symbols Supported:
The script allows for analysis of up to 10 symbols, such as major cryptocurrencies and market indices. Symbols can be selected by the user and configured for tracking price volatility.
Dynamic Range Calculation:
The script calculates the average price range of each symbol over three distinct time periods (default are 30, 60, and 90 bars). The price range for each symbol is calculated as a percentage of the bar's high-to-low difference relative to its low value.
Range Visualization:
The results are visually represented using:
- A color-coded table showing the calculated average ranges of each symbol and the current chart symbol.
- A line plot that visually tracks the volatility for each symbol on the chart, with color gradients representing the range intensity from low (red/orange) to high (blue/green).
Customizable Inputs:
- Length Inputs: Users can define the time lengths (default are 30, 60, and 90 bars) for calculating average price ranges for each symbol.
- Symbol Inputs: 10 symbols can be tracked at once, with default values set to popular crypto pairs and indices.
- Color Inputs: Users can customize the color scheme for the range values displayed in the table and chart.
Real-Time Ranking:
The indicator ranks symbols by their average price range, providing a clear view of which assets are exhibiting higher volatility at any given time.
Each symbol's range value is color-coded based on its relative volatility within the selected symbols (using a gradient from low to high range).
Data Table:
The table shows the average range values for each symbol in real-time, allowing users to compare volatility across multiple assets at a glance. The table is dynamically updated as new data comes in.
Interactive Labels:
The indicator adds labels to the chart, showing the average range for each symbol. These labels adjust in real-time as the price range values change, giving users an immediate view of volatility rankings.
How to Use:
Set Time Periods: Adjust the time periods (lengths) to match your trading strategy's timeframe and volatility preference.
Symbol Selection: Add and track the price range for your preferred symbols (cryptocurrencies, stocks, indices).
Monitor Volatility: Use the visual table and plot to identify symbols with higher or lower volatility, and adjust your trading strategy accordingly.
Interpret the Table and Chart: Ranges that are color-coded from red/orange (lower volatility) to blue/green (higher volatility) allow you to quickly gauge which symbols are most volatile.
Disclaimer: This tool is provided for informational and educational purposes only and should not be considered as financial advice. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Multi-Timeframe Stochastic Alert [tradeviZion]# Multi-Timeframe Stochastic Alert : Complete User Guide
## 1. Introduction
### What is the Multi-Timeframe Stochastic Alert?
The Multi-Timeframe Stochastic Alert is an advanced technical analysis tool that helps traders identify potential trading opportunities by analyzing momentum across multiple timeframes. It combines the power of the stochastic oscillator with multi-timeframe analysis to provide more reliable trading signals.
### Key Features and Benefits
- Simultaneous analysis of 6 different timeframes
- Advanced alert system with customizable conditions
- Real-time visual feedback with color-coded signals
- Comprehensive data table with instant market insights
- Motivational trading messages for psychological support
- Flexible theme support for comfortable viewing
### How it Can Help Your Trading
- Identify stronger trends by confirming momentum across multiple timeframes
- Reduce false signals through multi-timeframe confirmation
- Stay informed of market changes with customizable alerts
- Make more informed decisions with comprehensive market data
- Maintain trading discipline with clear visual signals
## 2. Understanding the Display
### The Stochastic Chart
The main chart displays three key components:
1. ** K-Line (Fast) **: The primary stochastic line (default color: green)
2. ** D-Line (Slow) **: The signal line (default color: red)
3. ** Reference Lines **:
- Overbought Level (80): Upper dashed line
- Middle Line (50): Center dashed line
- Oversold Level (20): Lower dashed line
### The Information Table
The table provides a comprehensive view of stochastic readings across all timeframes. Here's what each column means:
#### Column Explanations:
1. ** Timeframe **
- Shows the time period for each row
- Example: "5" = 5 minutes, "15" = 15 minutes, etc.
2. ** K Value **
- The fast stochastic line value (0-100)
- Higher values indicate stronger upward momentum
- Lower values indicate stronger downward momentum
3. ** D Value **
- The slow stochastic line value (0-100)
- Helps confirm momentum direction
- Crossovers with K-line can signal potential trades
4. ** Status **
- Shows current momentum with symbols:
- ▲ = Increasing (bullish)
- ▼ = Decreasing (bearish)
- Color matches the trend direction
5. ** Trend **
- Shows the current market condition:
- "Overbought" (above 80)
- "Bullish" (above 50)
- "Bearish" (below 50)
- "Oversold" (below 20)
#### Row Explanations:
1. ** Title Row **
- Shows "🎯 Multi-Timeframe Stochastic"
- Indicates the indicator is active
2. ** Header Row **
- Contains column titles
- Dark blue background for easy reading
3. ** Timeframe Rows **
- Six rows showing different timeframe analyses
- Each row updates independently
- Color-coded for easy trend identification
4. **Message Row**
- Shows rotating motivational messages
- Updates every 5 bars
- Helps maintain trading discipline
### Visual Indicators and Colors
- ** Green Background **: Indicates bullish conditions
- ** Red Background **: Indicates bearish conditions
- ** Color Intensity **: Shows strength of the signal
- ** Background Highlights **: Appear when alert conditions are met
## 3. Core Settings Groups
### Stochastic Settings
These settings control the core calculation of the stochastic oscillator.
1. ** Length (Default: 14) **
- What it does: Determines the lookback period for calculations
- Higher values (e.g., 21): More stable, fewer signals
- Lower values (e.g., 8): More sensitive, more signals
- Recommended:
* Day Trading: 8-14
* Swing Trading: 14-21
* Position Trading: 21-30
2. ** Smooth K (Default: 3) **
- What it does: Smooths the main stochastic line
- Higher values: Smoother line, fewer false signals
- Lower values: More responsive, but more noise
- Recommended:
* Day Trading: 2-3
* Swing Trading: 3-5
* Position Trading: 5-7
3. ** Smooth D (Default: 3) **
- What it does: Smooths the signal line
- Works in conjunction with Smooth K
- Usually kept equal to or slightly higher than Smooth K
- Recommended: Keep same as Smooth K for consistency
4. ** Source (Default: Close) **
- What it does: Determines price data for calculations
- Options: Close, Open, High, Low, HL2, HLC3, OHLC4
- Recommended: Stick with Close for most reliable signals
### Timeframe Settings
Controls the multiple timeframes analyzed by the indicator.
1. ** Main Timeframes (TF1-TF6) **
- TF1 (Default: 10): Shortest timeframe for quick signals
- TF2 (Default: 15): Short-term trend confirmation
- TF3 (Default: 30): Medium-term trend analysis
- TF4 (Default: 30): Additional medium-term confirmation
- TF5 (Default: 60): Longer-term trend analysis
- TF6 (Default: 240): Major trend confirmation
Recommended Combinations:
* Scalping: 1, 3, 5, 15, 30, 60
* Day Trading: 5, 15, 30, 60, 240, D
* Swing Trading: 15, 60, 240, D, W, M
2. ** Wait for Bar Close (Default: true) **
- What it does: Controls when calculations update
- True: More reliable but slightly delayed signals
- False: Faster signals but may change before bar closes
- Recommended: Keep True for more reliable signals
### Alert Settings
#### Main Alert Settings
1. ** Enable Alerts (Default: true) **
- Master switch for all alert notifications
- Toggle this off when you don't want any alerts
- Useful during testing or when you want to focus on visual signals only
2. ** Alert Condition (Options) **
- "Above Middle": Bullish momentum alerts only
- "Below Middle": Bearish momentum alerts only
- "Both": Alerts for both directions
- Recommended:
* Trending Markets: Choose direction matching the trend
* Ranging Markets: Use "Both" to catch reversals
* New Traders: Start with "Both" until you develop a specific strategy
3. ** Alert Frequency **
- "Once Per Bar": Immediate alerts during the bar
- "Once Per Bar Close": Alerts only after bar closes
- Recommended:
* Day Trading: "Once Per Bar" for quick reactions
* Swing Trading: "Once Per Bar Close" for confirmed signals
* Beginners: "Once Per Bar Close" to reduce false signals
#### Timeframe Check Settings
1. ** First Check (TF1) **
- Purpose: Confirms basic trend direction
- Alert Triggers When:
* For Bullish: Stochastic is above middle line (50)
* For Bearish: Stochastic is below middle line (50)
* For Both: Triggers in either direction based on position relative to middle line
- Settings:
* Enable/Disable: Turn first check on/off
* Timeframe: Default 5 minutes
- Best Used For:
* Quick trend confirmation
* Entry timing
* Scalping setups
2. ** Second Check (TF2) **
- Purpose: Confirms both position and momentum
- Alert Triggers When:
* For Bullish: Stochastic is above middle line AND both K&D lines are increasing
* For Bearish: Stochastic is below middle line AND both K&D lines are decreasing
* For Both: Triggers based on position and direction matching current condition
- Settings:
* Enable/Disable: Turn second check on/off
* Timeframe: Default 15 minutes
- Best Used For:
* Trend strength confirmation
* Avoiding false breakouts
* Day trading setups
3. ** Third Check (TF3) **
- Purpose: Confirms overall momentum direction
- Alert Triggers When:
* For Bullish: Both K&D lines are increasing (momentum confirmation)
* For Bearish: Both K&D lines are decreasing (momentum confirmation)
* For Both: Triggers based on matching momentum direction
- Settings:
* Enable/Disable: Turn third check on/off
* Timeframe: Default 30 minutes
- Best Used For:
* Major trend confirmation
* Swing trading setups
* Avoiding trades against the main trend
Note: All three conditions must be met simultaneously for the alert to trigger. This multi-timeframe confirmation helps reduce false signals and provides stronger trade setups.
#### Alert Combinations Examples
1. ** Conservative Setup **
- Enable all three checks
- Use "Once Per Bar Close"
- Timeframe Selection Example:
* First Check: 15 minutes
* Second Check: 1 hour (60 minutes)
* Third Check: 4 hours (240 minutes)
- Wider gaps between timeframes reduce noise and false signals
- Best for: Swing trading, beginners
2. ** Aggressive Setup **
- Enable first two checks only
- Use "Once Per Bar"
- Timeframe Selection Example:
* First Check: 5 minutes
* Second Check: 15 minutes
- Closer timeframes for quicker signals
- Best for: Day trading, experienced traders
3. ** Balanced Setup **
- Enable all checks
- Use "Once Per Bar"
- Timeframe Selection Example:
* First Check: 5 minutes
* Second Check: 15 minutes
* Third Check: 1 hour (60 minutes)
- Balanced spacing between timeframes
- Best for: All-around trading
### Visual Settings
#### Alert Visual Settings
1. ** Show Background Color (Default: true) **
- What it does: Highlights chart background when alerts trigger
- Benefits:
* Makes signals more visible
* Helps spot opportunities quickly
* Provides visual confirmation of alerts
- When to disable:
* If using multiple indicators
* When preferring a cleaner chart
* During manual backtesting
2. ** Background Transparency (Default: 90) **
- Range: 0 (solid) to 100 (invisible)
- Recommended Settings:
* Clean Charts: 90-95
* Multiple Indicators: 85-90
* Single Indicator: 80-85
- Tip: Adjust based on your chart's overall visibility
3. ** Background Colors **
- Bullish Background:
* Default: Green
* Indicates upward momentum
* Customizable to match your theme
- Bearish Background:
* Default: Red
* Indicates downward momentum
* Customizable to match your theme
#### Level Settings
1. ** Oversold Level (Default: 20) **
- Traditional Setting: 20
- Adjustable Range: 0-100
- Usage:
* Lower values (e.g., 10): More conservative
* Higher values (e.g., 30): More aggressive
- Trading Applications:
* Potential bullish reversal zone
* Support level in uptrends
* Entry point for long positions
2. ** Overbought Level (Default: 80) **
- Traditional Setting: 80
- Adjustable Range: 0-100
- Usage:
* Lower values (e.g., 70): More aggressive
* Higher values (e.g., 90): More conservative
- Trading Applications:
* Potential bearish reversal zone
* Resistance level in downtrends
* Exit point for long positions
3. ** Middle Line (Default: 50) **
- Purpose: Trend direction separator
- Applications:
* Above 50: Bullish territory
* Below 50: Bearish territory
* Crossing 50: Potential trend change
- Trading Uses:
* Trend confirmation
* Entry/exit trigger
* Risk management level
#### Color Settings
1. ** Bullish Color (Default: Green) **
- Used for:
* K-Line (Main stochastic line)
* Status symbols when trending up
* Trend labels for bullish conditions
- Customization:
* Choose colors that stand out
* Match your trading platform theme
* Consider color blindness accessibility
2. ** Bearish Color (Default: Red) **
- Used for:
* D-Line (Signal line)
* Status symbols when trending down
* Trend labels for bearish conditions
- Customization:
* Choose contrasting colors
* Ensure visibility on your chart
* Consider monitor settings
3. ** Neutral Color (Default: Gray) **
- Used for:
* Middle line (50 level)
- Customization:
* Should be less prominent
* Easy on the eyes
* Good background contrast
### Theme Settings
1. **Color Theme Options**
- Dark Theme (Default):
* Dark background with white text
* Optimized for dark chart backgrounds
* Reduces eye strain in low light
- Light Theme:
* Light background with black text
* Better visibility in bright conditions
- Custom Theme:
* Use your own color preferences
2. ** Available Theme Colors **
- Table Background
- Table Text
- Table Headers
Note: The theme affects only the table display colors. The stochastic lines and alert backgrounds use their own color settings.
### Table Settings
#### Position and Size
1. ** Table Position **
- Options:
* Top Right (Default)
* Middle Right
* Bottom Right
* Top Left
* Middle Left
* Bottom Left
- Considerations:
* Chart space utilization
* Personal preference
* Multiple monitor setups
2. ** Text Sizes **
- Title Size Options:
* Tiny: Minimal space usage
* Small: Compact but readable
* Normal (Default): Standard visibility
* Large: Enhanced readability
* Huge: Maximum visibility
- Data Size Options:
* Recommended: One size smaller than title
* Adjust based on screen resolution
* Consider viewing distance
3. ** Empowering Messages **
- Purpose:
* Maintain trading discipline
* Provide psychological support
* Remind of best practices
- Rotation:
* Changes every 5 bars
* Categories include:
- Market Wisdom
- Strategy & Discipline
- Mindset & Growth
- Technical Mastery
- Market Philosophy
## 4. Setting Up for Different Trading Styles
### Day Trading Setup
1. **Timeframes**
- Primary: 5, 15, 30 minutes
- Secondary: 1H, 4H
- Alert Settings: "Once Per Bar"
2. ** Stochastic Settings **
- Length: 8-14
- Smooth K/D: 2-3
- Alert Condition: Match market trend
3. ** Visual Settings **
- Background: Enabled
- Transparency: 85-90
- Theme: Based on trading hours
### Swing Trading Setup
1. ** Timeframes **
- Primary: 1H, 4H, Daily
- Secondary: Weekly
- Alert Settings: "Once Per Bar Close"
2. ** Stochastic Settings **
- Length: 14-21
- Smooth K/D: 3-5
- Alert Condition: "Both"
3. ** Visual Settings **
- Background: Optional
- Transparency: 90-95
- Theme: Personal preference
### Position Trading Setup
1. ** Timeframes **
- Primary: Daily, Weekly
- Secondary: Monthly
- Alert Settings: "Once Per Bar Close"
2. ** Stochastic Settings **
- Length: 21-30
- Smooth K/D: 5-7
- Alert Condition: "Both"
3. ** Visual Settings **
- Background: Disabled
- Focus on table data
- Theme: High contrast
## 5. Troubleshooting Guide
### Common Issues and Solutions
1. ** Too Many Alerts **
- Cause: Settings too sensitive
- Solutions:
* Increase timeframe intervals
* Use "Once Per Bar Close"
* Enable fewer timeframe checks
* Adjust stochastic length higher
2. ** Missed Signals **
- Cause: Settings too conservative
- Solutions:
* Decrease timeframe intervals
* Use "Once Per Bar"
* Enable more timeframe checks
* Adjust stochastic length lower
3. ** False Signals **
- Cause: Insufficient confirmation
- Solutions:
* Enable all three timeframe checks
* Use larger timeframe gaps
* Wait for bar close
* Confirm with price action
4. ** Visual Clarity Issues **
- Cause: Poor contrast or overlap
- Solutions:
* Adjust transparency
* Change theme settings
* Reposition table
* Modify color scheme
### Best Practices
1. ** Getting Started **
- Start with default settings
- Use "Both" alert condition
- Enable all timeframe checks
- Wait for bar close
- Monitor for a few days
2. ** Fine-Tuning **
- Adjust one setting at a time
- Document changes and results
- Test in different market conditions
- Find your optimal timeframe combination
- Balance sensitivity with reliability
3. ** Risk Management **
- Don't trade against major trends
- Confirm signals with price action
- Use appropriate position sizing
- Set clear stop losses
- Follow your trading plan
4. ** Regular Maintenance **
- Review settings weekly
- Adjust for market conditions
- Update color scheme for visibility
- Clean up chart regularly
- Maintain trading journal
## 6. Tips for Success
1. ** Entry Strategies **
- Wait for all timeframes to align
- Confirm with price action
- Use proper position sizing
- Consider market conditions
2. ** Exit Strategies **
- Trail stops using indicator levels
- Take partial profits at targets
- Honor your stop losses
- Don't fight the trend
3. ** Psychology **
- Stay disciplined with settings
- Don't override system signals
- Keep emotions in check
- Learn from each trade
4. ** Continuous Improvement **
- Record your trades
- Review performance regularly
- Adjust settings gradually
- Stay educated on markets
Newday_smaThis algorithm is based on SMA (Simple Moving Average) to identify price trends, detecting "positive price zones" (where the price is above the SMA) and "negative price zones" (where the price is below the SMA), and then connecting turning points within those zones with lines.
Key Steps:
SMA Period Selection: The user can select the SMA period to be 5, 10, or 20.
SMA Calculation: The SMA of the current price is calculated based on the selected period.
Identify Positive and Negative Price Zones:
Positive Price Zone: When the closing price is higher than the SMA, it’s considered a positive price zone.
Negative Price Zone: When the closing price is lower than the SMA, it’s considered a negative price zone.
Identify Turning Points:
In the positive price zone, if the current closing price falls below the SMA, a potential turning point is detected, and the algorithm looks for the lowest point (the lowest high in that zone).
In the negative price zone, if the current closing price rises above the SMA, a potential turning point is detected, and the algorithm looks for the highest point (the highest low in that zone).
Connect the Turning Points:
When transitioning from the negative price zone to the positive price zone, a line is drawn from the lowest point of the negative zone to the highest point of the positive zone.
When transitioning from the positive price zone to the negative price zone, a line is drawn from the highest point of the positive zone to the lowest point of the negative zone.
Dynamic Updates: As new candles form, the algorithm continuously updates the turning points and draws the lines accordingly.
Key Features:
Flexible SMA Period Selection: The user can choose from different SMA periods (5, 10, or 20).
Dynamic Turning Point Recognition: The algorithm dynamically identifies turning points based on the relationship between the price and the SMA, marking fluctuations in price.
Connecting Turning Points: The algorithm connects the key points in positive and negative price zones with lines to help identify price trends.
Use Cases:
This algorithm is useful for technical analysis, especially for short-term trading.
It helps identify support and resistance levels, assisting users in making buy and sell decisions.
Supertrend and MACD strategyThe Supertrend and MACD Strategy is a comprehensive trading approach designed to capitalize on market trends by using a combination of the Supertrend indicator, the Exponential Moving Average (EMA), and the Moving Average Convergence Divergence (MACD). This strategy aims to identify optimal entry and exit points for both long and short trades, while incorporating strict risk management rules.
Indicators Used:
Supertrend: This indicator is used to identify the overall trend direction. It provides clear signals for trend reversals, helping traders to enter trades in the direction of the prevailing trend.
200-period EMA: This long-term moving average is used to determine the primary trend direction. The strategy only takes long trades when the price is above the 200 EMA and short trades when the price is below it.
MACD: The MACD is used to gauge the momentum and confirm the signals provided by the Supertrend and EMA. It consists of the MACD line, the signal line, and the histogram.
Entry Conditions:
Long Entry:
The Supertrend indicator shows an uptrend (direction > 0).
The MACD line is above the signal line (macd > signal).
The price is above the 200-period EMA (close > ema200).
Short Entry:
The Supertrend indicator shows a downtrend (direction < 0).
The MACD line is below the signal line (macd < signal).
The price is below the 200-period EMA (close < ema200).
Exit Conditions:
Long Exit:
Exit the long position when the MACD line crosses below the signal line (ta.crossunder(macd, signal)).
Set a stop loss (SL) below the lowest low of the last 10 periods (lowestLow - 1).
Short Exit:
Exit the short position when the MACD line crosses above the signal line (ta.crossover(macd, signal)).
Set a stop loss (SL) above the highest high of the last 10 periods (highestHigh + 1).
Risk Management:
The strategy ensures that no new positions are opened if there is already an open trade, preventing overexposure in the market.
Alerts:
Alerts are set to notify traders when the MACD crosses the signal line, providing timely updates for potential exit points.
IU Price Density(Market Noise)This Price density Indicator will help you understand what and how market noise is calculated and treated.
Market noise = when the market is moving up and down without any clear direction
The Price Density Indicator is a technical analysis tool used to measure the concentration or "density" of price movements within a specific range. It helps traders differentiate between noisy, choppy markets and trending ones.
I’ve developed a custom Pine Script indicator, "IU Price Density," designed to help traders distinguish between noisy, indecisive markets and clear trading opportunities. It can be applied across multiple markets.
How this work:
Formula = (Σ (High𝑖 - Low𝑖)) / (Max(High) - Min(Low))
Where,
High𝑖 = the high price at the 𝑖 data point.
Low𝑖 = the low price at the 𝑖 data point.
Max(High) = highest price over the data set.
Max(Low) = Lowest price over the data set.
How to use it :
This indicator ranges from 0 to 10
Green(0-3) = Trending Market
Orange(3-6) = Market is normal
Red(6-10) = Noise market
💡 Key Features:
Dynamic Visuals: The indicator uses color-coded signals—green for trending markets and red for noisy, volatile conditions—making it easy to identify optimal trading periods at a glance.
Background Shading: With background colors highlighting significant market conditions, traders can quickly assess when to engage or avoid certain trades.
Customizable Parameters: The length and smoothing factors allow for flexibility in adapting the indicator to various assets and timeframes.
Whether you're a swing trader or an intraday strategist, this tool provides valuable insights to improve your market analysis. I’m excited to bring this indicator to the community!
Asset MaxGain MinLoss Tracker [CHE]Asset MaxGain MinLoss Tracker – Your Tool to Discover the Best Trading Opportunities
Introduction
Hello dear traders,
Today, I'd like to introduce you to a fantastic tool: the Asset MaxGain MinLoss Tracker . This indicator is designed to help you identify the best trading opportunities in the market by analyzing the maximum gain and adjusted maximum loss potentials of various assets.
Why Use This Indicator?
1. Time-Saving Analysis
Instead of spending hours sifting through different charts, this indicator provides you with key metrics for up to 10 assets at a glance.
2. Compare Multiple Assets Simultaneously
Monitor and compare multiple assets to discover which ones offer the highest profit potential and the lowest risk of loss.
3. Customizable Settings
Adjust the observation period and select the assets you want to analyze according to your trading strategy.
4. Clear Visual Representation
Data is presented in an easy-to-read table directly on your chart, highlighting assets with the highest maximum gain and the lowest adjusted maximum loss.
How to Use It in Everyday Trading
Step 1: Setting Up the Indicator
Select Your Assets: Choose up to 10 assets you wish to track. These can be cryptocurrencies, stocks, forex pairs, etc.
Configure the Trading Period Length: Set the number of bars (candles) over which you want to calculate the maximum gain and adjusted maximum loss. This allows you to tailor the analysis to your preferred time frame, whether it's short-term trading or long-term investing.
Step 2: Interpreting the Results
Maximum Gain (%): This value shows the potential upside of each asset over the selected period. A higher percentage indicates a greater potential for profit if the asset's price moves upward.
Adjusted Maximum Loss (%): This figure represents the potential downside risk, adjusted to give a more accurate reflection of loss potential. A lower percentage means less risk of significant loss.
Category Highlighting: Assets are categorized based on their performance:
High Gain & Low Loss: Assets that have both the highest max gain and the lowest adjusted max loss.
High Gain: Assets with the highest max gain.
Low Loss: Assets with the lowest adjusted max loss.
Step 3: Making Trading Decisions
Identify Opportunities: Focus on assets categorized as High Gain & Low Loss for the most favorable risk-to-reward scenarios.
Risk Management: Use the adjusted maximum loss to assess and mitigate potential risks associated with each asset.
Portfolio Diversification: Allocate your investments across assets with varying levels of gain and loss potentials to diversify your portfolio effectively.
Practical Example
Imagine you're monitoring the following assets:
Asset 1: BTCUSD
Asset 2: ETHUSD
Asset 3: ADAUSD
Asset 4: XRPUSD
After applying the indicator:
BTCUSD shows a high maximum gain but also a high adjusted maximum loss.
ETHUSD has both a high maximum gain and a low adjusted maximum loss, categorizing it as High Gain & Low Loss.
ADAUSD indicates a low maximum gain but the lowest adjusted maximum loss.
XRPUSD reflects moderate values in both categories.
Decision Making:
Primary Focus: ETHUSD may be your top choice due to its high reward and lower risk.
Risk-Averse Option: ADAUSD could be considered if you prioritize minimizing losses.
Balanced Approach: Diversify by investing in both ETHUSD and ADAUSD.
Understanding the Core Functionality
While you don't need to delve deep into the code to use the indicator effectively, understanding its core function can enhance your confidence in the tool.
The Main Function: Calculating Max Gain and Adjusted Max Loss
The heart of the indicator is a function that calculates two critical metrics for each asset:
Maximum Gain (sym_MaxGain):
Purpose: Measures the highest potential profit over the selected period.
How It Works: It finds the lowest price (sym_minlow) within the period and calculates the percentage increase to the current high price. This shows how much you could have gained if you bought at the lowest point.
Adjusted Maximum Loss (sym_AdjustedMaxLoss):
Purpose: Provides an adjusted measure of the potential loss, giving a more realistic risk assessment.
How It Works: It identifies the highest price (sym_maxhigh) within the period and calculates the percentage decrease to the current low price. This value is adjusted to account for the diminishing impact as losses approach 100%.
Simplified Explanation of the Function
Data Retrieval: For each asset (sym), the function retrieves the high and low prices over the specified timeframe.
Calculations:
Find Highest and Lowest Prices: Determines sym_maxhigh and sym_minlow within the tracking period.
Compute Max Gain: Calculates the potential gain from sym_minlow to the current high.
Compute Max Loss: Calculates the potential loss from sym_maxhigh to the current low.
Adjust Max Loss: Adjusts the max loss calculation to prevent distortion as losses near 100%.
Output: Returns both sym_MaxGain and sym_AdjustedMaxLoss for further analysis.
Benefits of Understanding the Function
Transparency: Knowing how these values are calculated can increase your trust in the indicator's outputs.
Customization: If you're familiar with coding, you might tailor the function to suit specific trading strategies.
Enhanced Analysis: Understanding the underlying calculations allows you to interpret the results more effectively, aiding in better decision-making.
Conclusion
The Asset MaxGain MinLoss Tracker is a powerful tool that can significantly enhance your trading efficiency and effectiveness by:
Providing Quick Insights: Save time by getting immediate access to essential performance metrics of multiple assets.
Assisting in Risk Management: Use the adjusted maximum loss to understand and mitigate potential risks.
Supporting Strategic Decisions: Identify assets with the best risk-to-reward ratios to optimize your trading strategy.
Take advantage of this indicator to elevate your trading game and make more informed decisions with confidence.
Thank you for your time, and happy trading!
Disclaimer:
The content provided, including all code and materials, is strictly for educational and informational purposes only. It is not intended as, and should not be interpreted as, financial advice, a recommendation to buy or sell any financial instrument, or an offer of any financial product or service. All strategies, tools, and examples discussed are provided for illustrative purposes to demonstrate coding techniques and the functionality of Pine Script within a trading context.
Any results from strategies or tools provided are hypothetical, and past performance is not indicative of future results. Trading and investing involve high risk, including the potential loss of principal, and may not be suitable for all individuals. Before making any trading decisions, please consult with a qualified financial professional to understand the risks involved.
By using this script, you acknowledge and agree that any trading decisions are made solely at your discretion and risk.
This indicator is inspired by the "Max Gain" indicator. A special thanks to Skipper86 for his relentless effort, creativity, and contributions to the TradingView community, which served as a foundation for this work.
