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ADX (levels)This Pine Script indicator calculates and displays the Average Directional Index (ADX) along with the DI+ and DI- lines to help identify the strength and direction of a trend. The script is designed for Pine Script v6 and includes customizable settings for a more tailored analysis.
Features:
ADX Calculation:
The ADX measures the strength of a trend without indicating its direction.
It uses a smoothing method for more reliable trend strength detection.
DI+ and DI- Lines (Optional):
The DI+ (Directional Index Plus) and DI- (Directional Index Minus) help determine the direction of the trend:
DI+ indicates upward movement.
DI- indicates downward movement.
These lines are disabled by default but can be enabled via input settings.
Customizable Threshold:
A horizontal line (hline) is plotted at a user-defined threshold level (default: 20) to highlight significant ADX values that indicate a strong trend.
Slope Analysis:
The slope of the ADX is analyzed to classify the trend into:
Strong Trend: Slope is higher than a defined "medium" threshold.
Moderate Trend: Slope falls between "weak" and "medium" thresholds.
Weak Trend: Slope is positive but below the "weak" threshold.
A background color changes dynamically to reflect the strength of the trend:
Green (light or dark) indicates trend strength levels.
Custom Colors:
ADX color is customizable (default: pink #e91e63).
Background colors for trend strength can also be adjusted.
Independent Plot Window:
The indicator is displayed in a separate window below the price chart, making it easier to analyze trend strength without cluttering the main price chart.
Parameters:
ADX Period: Defines the lookback period for calculating the ADX (default: 14).
Threshold (hline): A horizontal line value to differentiate strong trends (default: 20).
Slope Thresholds: Adjustable thresholds for weak, moderate, and strong trend slopes.
Enable DI+ and DI-: Boolean options to display or hide the DI+ and DI- lines.
Colors: Customizable colors for ADX, background gradients, and other elements.
How to Use:
Identify Trend Strength:
Use the ADX value to determine the strength of a trend:
Below 20: Weak trend.
Above 20: Strong trend.
Analyze Trend Direction:
Enable DI+ and DI- to check whether the trend is upward (DI+ > DI-) or downward (DI- > DI+).
Dynamic Slope Detection:
Use the background color as a quick visual cue to assess trend strength changes.
This indicator is ideal for traders who want to measure trend strength and direction dynamically while maintaining a clean and organized chart layout.
SOPR | RocheurIntroducing Rocheur’s SOPR Indicator
The Spent Output Profit Ratio (SOPR) indicator by Rocheur is a powerful tool designed for analyzing Bitcoin market dynamics using on-chain data. By leveraging SOPR data and smoothing it through short- and long-term moving averages, this indicator provides traders with valuable insights into market behavior, helping them identify trends, reversals, and potential trading opportunities.
Understanding SOPR and Its Role in Trading
SOPR is a metric derived from on-chain data that measures the profit or loss of spent outputs on the Bitcoin network. It reflects the behavior of market participants based on the price at which Bitcoin was last moved. When SOPR is above 1, it indicates that outputs are being spent at a profit. Conversely, values below 1 suggest that outputs are being spent at a loss.
Rocheur’s SOPR indicator enhances this raw data by incorporating short-term and long-term smoothed trends, allowing traders to observe shifts in market sentiment and momentum.
How It Works
Data Source: The indicator uses SOPR data from Glassnode’s BTC_SOPR metric, updated daily.
Short-Term Trend (STH SOPR):
A Double Exponential Moving Average (DEMA) is applied over a customizable short-term length (default: 150 days).
This reflects recent market participant behavior.
Long-Term Trend (1-Year SOPR):
A Weighted Moving Average (WMA) is applied over a customizable long-term length (default: 365 days).
This captures broader market trends and investor behavior.
Trend Comparison:
Bullish Market: When STH SOPR exceeds the 1-year SOPR, the market is considered bullish.
Bearish Market: When STH SOPR falls below the 1-year SOPR, the market is considered bearish.
Neutral Market: When the two values are equal, the market is neutral.
Visual Representation
The indicator provides a color-coded visual representation for easy trend identification:
Green Bars: Indicate a bullish market where STH SOPR is above the 1-year SOPR.
Red Bars: Represent a bearish market where STH SOPR is below the 1-year SOPR.
Gray Bars: Show a neutral market condition where STH SOPR equals the 1-year SOPR.
The dynamic bar coloring allows traders to quickly assess the prevailing market sentiment and adjust their strategies accordingly.
Customization & Parameters
The SOPR Indicator offers several customizable settings to adapt to different trading styles and preferences:
Short-Term Length: Default set to 150 days, defines the smoothing period for the STH SOPR .
Long-Term Length: Default set to 365 days, defines the smoothing period for the 1-year SOPR.
Color Modes: Choose from seven distinct color schemes to personalize the indicator’s appearance.
Final Note
Rocheur’s SOPR Indicator is a unique tool that combines on-chain data with technical analysis to provide actionable insights for Bitcoin traders. Its ability to blend short- and long-term trends with a visually intuitive interface makes it an invaluable resource for navigating market dynamics. As with all indicators, backtesting and integration into a comprehensive strategy are essential for optimizing performance.
SMC breakout With EMAThis indicator is based on the breakout of the BOS and CHOCH levels at SMC method.
You can change the amount of candles of BOS or CHOCH.
This indicator also includes EMA, that you can use it for confirmation of buy or sell transaction.
Also you can use super trend features on this indicator for following your profit.
This indicator is based on the breakdown of the bass and choke points in it.
And this feature allows you to use this indicator in Forex trading as well.
Comprehensive Chart AnalysisThis indicator provides a comprehensive overview of the current market situation by analyzing various technical indicators and patterns. It aims to help traders identify potential trading opportunities by presenting key insights in an organized table.
Features:
Trend Analysis: Identifies the short-term, medium-term, and long-term trends based on closing prices.
Divergence Detection: Detects bullish and bearish divergences between price and RSI, MACD, and Stochastic Oscillator.
Support/Resistance Zones: Calculates and displays potential support and resistance zones based on swing highs/lows and ATR.
Demand/Supply Zones: Identifies potential demand and supply zones based on price action and volume.
Volume Analysis: Analyzes volume changes to identify potential breakouts or trend confirmations.
Candlestick Patterns: Detects bullish and bearish engulfing patterns.
Moving Averages: Includes analysis of 20, 50, and 200 period moving averages and crossovers.
Bollinger Bands: Detects breakouts from Bollinger Bands.
ADX: Calculates the Average Directional Index (ADX) to assess trend strength.
Table Display: Presents the analysis results in a clear and organized table, with customizable position.
Settings:
Analysis Periods (int): The number of bars to look back for analysis (default: 200).
ATR Multiplier (float): Multiplier for ATR used in calculating support/resistance zones (default: 1.5).
Demand Zone Length (int): The number of bars to consider for demand/supply zone calculations (default: 10).
Volume Threshold (float): The multiplier for average volume used to identify significant volume increases (default: 1.2).
Table Position (string): Allows you to choose the position of the table on the chart.
How it Works:
Identifying Trends: Show how the indicator identifies upward, downward, and neutral trends on different timeframes.
Spotting Divergences: Illustrate examples of bullish and bearish divergences detected by the script.
Support/Resistance Zones: Show how the indicator plots support and resistance zones and how price interacts with them.
Demand/Supply Zones: Provide examples of how the indicator identifies demand and supply zones.
Analyzing Volume: Demonstrate how the indicator analyzes volume in relation to price movements.
Detecting Candlestick Patterns: Show examples of how the script identifies bullish and bearish engulfing patterns.
Moving Average Analysis: Illustrate how the indicator uses moving averages to identify potential trend changes.
Bollinger Band Breakouts: Show examples of how the script detects breakouts from Bollinger Bands.
ADX Interpretation: Explain how to interpret the ADX values provided by the indicator.
Important Notes:
This indicator is intended for informational and educational purposes only. It should not be considered financial advice.
The effectiveness of the signals provided by this indicator may vary depending on market conditions and other factors.
Always conduct your own research and use proper risk management techniques before making any trading decisions.
Backtest this indicator on historical data to evaluate its performance before using it for live trading.
[ADDYad] Google Search Trends - Bitcoin (2012 Jan - 2025 Jan)This Pine Script shows the Google Search Trends as an indicator for Bitcoin from January 2012 to January 2025, based on monthly data retrieved from Google Trends. It calculates and displays the relative search interest for Bitcoin over time, offering a historical perspective on its popularity mainly built for BITSTAMP:BTCUSD .
Important note: This is not a live indicator. It visualizes historical search trends based on Google Trends data.
Key Features:
Data Source : Google Trends (Last retrieved in January 10 2025).
Timeframe : The script is designed to be used on a monthly chart, with the data reflecting monthly search trends from January 2012 to January 2025. For other timeframes, the data is linearly interpolated to estimate the trends at finer resolutions.
Purpose : This indicator helps visualize Bitcoin's search interest over the years, offering insights into public interest and sentiment during specific periods (e.g., major price movements or news events).
Data Handling : The data is interpolated for use on non-monthly timeframes, allowing you to view search trends on any chart timeframe. This makes it versatile for use in longer-term analysis or shorter timeframes, despite the raw data being available only on a monthly basis. However, it is most relevant for Monthly, Weekly, and Daily timeframes.
How It Works:
The script calculates the number of months elapsed since January 1, 2012, and uses this to interpolate Google Trends data values for any given point in time on the chart.
The linear interpolation function adjusts the monthly data to provide an approximate trend for intermediate months.
Why It's Useful:
Track Bitcoin's historic search trends to understand how interest in Bitcoin evolved over time, potentially correlating with price movements.
Correlate search trends with price action and other market indicators to analyze the effects of public sentiment and sentiment-driven market momentum.
Final Notes:
This script is unique because it shows real-world, non-financial dataset (Google Trends) to understand price action of Bitcoin correlating with public interest. Hopefully is a valuable addition to the TradingView community.
ADDYad
EMA/RMA clouds by AlpachinoRE-UPLOAD
The indicator is designed for faster trend determination and also provides hints about whether the trend is strong, weaker, or if a range is expected.
It consists of an exponential moving average (EMA) and a slower smoothed moving average (RMA). I chose these because EMA is the fastest and is respected by the market, while I discovered through practice that the market often respects RMA, and in some cases, even more than EMA. Their combination is necessary because I want to take advantage of the best qualities of both averages. Displaying averages based solely on the close values creates a simple line that the market might respect. However, this is often not the case. Market makers know that many traders still believe in the theory that closing above/below an EMA signals a valid new trend. They commonly apply this belief to EMA200. Traders think that if the market closes below EMA, it signals a downtrend. That’s not necessarily true. This misconception often traps inexperienced traders.
For this reason, my indicator does not include a separate line.
I use what are called envelopes. In other words, for both EMA and RMA, the calculation uses the high and low of the selected period, which can be chosen as an input in the indicator.
Why did I choose high and low?
To stabilize price fluctuations as much as possible, especially to allow enough space for the price to react to the moving average. This reaction occurs precisely between the high and low.
Modes:
EMA Cloud – This is the most common envelope in terms of averages. It shows the best reactions with a period of 50.
What should you observe: the alignment of the envelope or its slope.
Usage:
Breakouts through the entire envelope tend to be strong, which signals that the trend may change. However, what interests you most is that the first test of the envelope after a breakout is the most successful entry point for trades in the breakout direction.
In an uptrend, the first support will be the high of the envelope, and the second (let’s call it the "ultimate support") will be the low of the envelope.
If, during an uptrend, the market closes below the low, be cautious, as the trend may reverse.
If the envelope is broken, trade the retest of the envelope.
In general, if the price is above the envelope, focus on long trades; if it’s below the envelope, focus on short trades.
Double Cloud – Since we already know that highs and lows are more relevant for price respect, I utilized this in the double cloud. Here, I use calculations for EMA and RMA highs and EMA and RMA lows.
The core idea is that since the price often reacts more to RMA than EMA, I wanted to eliminate attempts by market makers to lure you into incorrect directions. By creating more space for the price to react to the highs or lows, I made the cloud fill the area between EMA and RMA highs. This serves as the last zone where the price can hold. If the price breaks above this high cloud during a return, this doesn’t happen randomly—you should pay attention, as it’s likely signaling a range or a trend change.
The same applies to the low cloud for EMA and RMA.
The advantage of the double cloud is that you can see two clouds that may move sideways. This can resemble two walls—and they really act as such.
Usage:
Let’s say we have a downtrend. The market seems to be experiencing a downtrend exhaustion. Here's the behavior you might observe:
The price returns to the EMA/RMA low; the first reaction may still have some strength, but each subsequent return will move higher and higher into the cloud with increasingly smaller rejections downward. This indicates the absorption of selling pressure by bullish pressure. Eventually, the price may close above the cloud, significantly disrupting the downtrend and potentially signaling a reversal.
A confirmation of the reversal is usually seen with a retest of the cloud and a bounce upward into an uptrend.
The second scenario, which you’ll often see, involves sharp and significant moves through both envelopes. This kind of move is the strongest signal of a trend change. However, do not jump into trades immediately—wait for the first retest, which is usually successful. Additional tests may not work, as the breakout might not signify a trend change but rather a range.
When the clouds are far apart, it signals a weak trend or that the market is in a range. You will see that this is generally true. When the clouds cross or overlap, their initial point of contact signals the start of a stronger trend. The steeper the slope, the stronger the trend.
Percentage Calculator by Akshay GaurThis indicator calculates and displays percentage levels above and below the current price. It allows you to easily identify any percentage levels which can be used in many things like creating strangles and straddles and make informed trading decisions. The indicator automatically adjusts and redraws the lines and labels on the latest bar to reflect real-time market conditions.
Key Features:
• Calculates percentage levels above and below the current price
• Displays percentage levels on big labels with the horizontal lines on the chart
• Allows you to adjust the percentage value and every details.
• Allows you to see Fluctuation line on the chart.
How to Use:
1. Set the percentage value to the desired level (e.g. 1%, 2%, etc.)
2. If you want to see Fluctuation lines also then turn on it from Input settings.
3. Use the displayed levels to identify desired percentage levels.
4. Make informed trading decisions based on the calculated levels
All for ONEĐây là đoạn code hỗ trợ nhận diện cấu trúc giá, dòng tiền chủ động, phân kỳ về KLGD v.v...
Đoạn code hoạt động dựa trên chỉ báo ATR và cho phép xác lập cũng như gửi thông báo qua app tradingview để trader có thể kịp thời có mặt trên đồ thị mỗi khi có các thay đổi lớn xuất hiện.
Tôi có thể sẽ update code trong tương lai khi có thêm các ý tưởng mới.
Chúc các bạn trading vui vẻ.
Supertrend + RSI Strategy [Prolabs]The SuperTrend + RSI Indicator combines two powerful technical analysis tools to help traders identify trends and momentum with greater accuracy.
ABHI_IOTA Chandelier Exit with EMAS 1-10It uses the basic CE algorithm
It includes EMA 10
It includes EMA 20
With configuration parameters
With custom alerts
RSI & Williams %R StrategyRSI 14 is calculated using the default rsi formula.
RSI's Moving Average is calculated using a simple moving average (default length is 7 but adjustable).
Williams %R is calculated over the specified length (default is 14).
Buy Signal:
RSI crosses above its moving average.
Williams %R crosses above the -80 level.
Sell Signal:
RSI crosses below its moving average.
Williams %R crosses below the -20 level.
Visual Indicators:
Green upward labels for buy signals.
Red downward labels for sell signals.
Williams %R and RSI are plotted for better visualization with threshold levels.
Jay Stock Trends
This indicator aids in identifying potential trend starts, continuations and endings by combining moving averages with trend lines.
Its unique trend curves also assist in pinpointing key support and resistance levels for the price.
Multi-timeframe plots provide valuable insights by displaying short-term and long-term trends on the same chart, making it suitable for both intraday and swing trading analysis.
How to read multi-timeframe charts?
The first timeframe, such as daily, is represented by a red EMA8 line (labeled DE) and a corresponding thin trend line (labeled DT). The second timeframe, such as weekly, uses a green EMA8 line (labeled WE) and a medium trend line (labeled WT). The third timeframe, such as monthly, is depicted with a blue EMA8 line (labeled ME) and a thick trend line (labeled MT).
As the timeframe increases, the true range increases and hence trend curve thickness increases.
Trends for lower timeframes are not plotted on daily or higher charts.
How EMA and Trend Line Work Together?
In the BTC daily chart screenshot below, trend initiation is highlighted with a green circle, trend continuation is marked by arrows, and trend completion is indicated with a red circle. A total of six trends are identified on the chart.
When the EMA crosses above the trend line, it signals the start of a trend, while a cross below the trend line marks its end. The period between the trend start and end represents trend continuation.
How Trend Lines Serve as Support or Resistance?
In the BTC daily chart screenshot below, the weekly green trend line serves as support when the price declines toward it, while the red trend line acts as resistance when the price rises from below.
Green circles on the chart highlight instances where the weekly trend provided support, while red circles indicate points where the weekly trend acted as resistance.
How Multi-Timeframe Trends Assist in Stock Analysis?
In the BTC daily chart screenshot below, the monthly trend is rising, and the weekly trend is also moving upward, indicating a favorable outlook for both long-term (monthly) and medium-term (weekly) trends. However, the daily chart suggests a more cautious approach, signaling a period to sit out
Inputs and customization:
This combination of ema and trend plots will be plotted for 4 different time frames all at once. Which 4 timeframes can be chosen in the settings.
How Trend Line and EMA Calculated?
The Trend line is calculated using an arithmetic equation based on the last 8 data points, which are themselves a combination of weighted moving averages of varying lengths. A 14-period true range of the price is calculated and plotted as a buffer zone around the trend lines.
Trend curves appear green when the price is above the trend line and red when it is below. Trend lines are labeled using the timeframe followed by 'T' (e.g., DT, WT, MT).
The EMA represents the weighted moving average of the most recent eight candles and is labeled with the timeframe followed by 'E' (e.g., DE, WE, ME).
Caution: This indicator is for educational or study purposes only, helping traders analyze the movement of both the EMA and trend lines across multiple price swings over an extended period across multi timeframe to gain proficiency at spotting trends.
Kamal 5 Tick Trading SetupKamal 5 Tick Trading Setup
The "Kamal 5 Tick Trading Setup" is a custom indicator designed by Kamal Preet Singh Trader for TradingView to identify potential Buy and Sell signals on daily forex charts. This indicator helps traders make informed decisions based on the price action of the previous five daily candles.
Indicator Logic:
Buy Signal: A Buy signal is generated when the closing price of the current candle exceeds the highest high of the previous five daily candles.
Sell Signal: A Sell signal is generated when the closing price of the current candle falls below the lowest low of the previous five daily candles.
Features:
Lookback Period: The indicator uses a lookback period of five candles to determine the highest high and lowest low.
Visual Signals: Buy signals are plotted as green "BUY" labels below the candles, while Sell signals are plotted as red "SELL" labels above the candles.
Debugging Plots: The highest high and lowest low of the previous five candles are plotted as blue and orange lines, respectively, to help verify the conditions for Buy and Sell signals.
Non-Repetitive Signals: The indicator ensures that once a Buy signal is given, no further Buy signals are generated until a Sell signal is given, and vice versa.
Usage:
Apply the indicator to your daily forex chart in TradingView.
Observe the plotted Buy and Sell signals to identify potential entry and exit points.
Use the debugging plots to ensure the conditions for the signals are being met correctly.
This indicator provides a straightforward approach to trading based on recent price action, helping traders capitalize on potential breakout and breakdown opportunities.
Market Sentiment TrendGauges the trend of the DXY, VIX, and ticker by using SuperTrend, EMA, and Ichimoku Baseline to generate bullish and bearish signals.
MDM Customizable 5 EMAAwork in progress for ema students. analysis is my dream to master the market .i wanna gert in when the market reverses and this scrip is the begining of my education.
StockTripClip: @cclippStockTripClip: Advanced Breakout and Trend Indicator
Description: The StockTripClip script is a versatile indicator designed to enhance your trading decisions by providing clear breakout signals, trend insights, and volume analysis. Whether you're trading stocks, futures, or forex, this tool offers essential features to identify market opportunities effectively.
Features:
Breakout Detection:
Identifies potential breakout levels using a combination of moving averages and volatility analysis.
Upper and lower breakout levels are visually plotted for clarity.
Volume-Weighted Average Price (VWAP):
Tracks the average price adjusted for volume to identify key levels of market activity.
Dynamic Moving Average Ribbon:
Displays a visually appealing ribbon based on 87 and 187-period SMAs, helping you spot trends and consolidations.
Multi-Timeframe Analysis:
Includes a 5-day EMA from the daily chart, offering insights into higher timeframe trends.
Volume Liquidity Analysis:
Evaluates bid and ask volume strength over a customizable depth to reveal underlying market dynamics.
Breakout Alerts:
Provides real-time alerts for breakout events, ensuring you never miss an opportunity.
Visual Enhancements:
Customizable labels and color-coded breakout levels make it easy to interpret market movements at a glance.
How to Use:
Add the script to your TradingView chart.
Adjust input parameters to align with your trading style:
Liquidity Depth: Analyze bid/ask volume strength.
ATR Length: Customize volatility-based calculations.
Basis Length: Fine-tune breakout detection sensitivity.
Use the visual indicators:
Breakout Levels: Red and blue lines for upper and lower breakouts.
VWAP and EMA: Highlight significant trend and liquidity levels.
MA Ribbon: Spot trends and consolidations with ease.
Disclaimer: This script is for educational purposes only and does not constitute financial advice. Always consult with a financial professional before making investment decisions.
Combined IQ Zones, VWAP, EMA, S/RCombined IQ Zones, VWAP, EMA, S/R
Combined IQ Zones, VWAP, EMA, S/R
Combined IQ Zones, VWAP, EMA, S/R
Combined IQ Zones, VWAP, EMA, S/R
Combined IQ Zones, VWAP, EMA, S/R
ELC Indicator**ELC Indicator – Enigma Liquidity Concept**
The ELC Indicator is a cutting-edge tool designed for traders who want to leverage price action and liquidity concepts for high-precision trading opportunities. Unlike conventional indicators that rely purely on trend-following or oscillatory methods, ELC incorporates a unique combination of market structure, Fibonacci retracement levels, and dynamic EMA filtering to detect key buy and sell zones. This original approach helps traders capture the most relevant market movements and anticipate potential reversals with higher confidence.
---
### **What the ELC Indicator Does**
The primary goal of the ELC Indicator is to identify liquidity zones and plot Fibonacci-based levels around detected buy or sell signals. It continuously monitors price action to identify instances where significant liquidity grabs occur, signaled by breakouts beyond recent highs or lows. Once a signal is detected, the indicator plots horizontal lines at key Fibonacci ratios (0%, 25%, 50%, 75%, 100%, 120%, and 180%) to give traders a clear visual framework for potential retracement or extension levels.
Additionally, the indicator includes a dynamic EMA filter, which ensures that buy signals are only triggered when the price is above the EMA and sell signals when the price is below the EMA. This filtering mechanism helps reduce false signals in choppy markets and aligns trades with the broader trend direction.
---
### **Key Features**
1. **Buy & Sell Signals**
- Buy signals are generated when a liquidity grab occurs below the previous low, and the closing price is above the candle body midpoint and the EMA.
- Sell signals are triggered when a liquidity grab occurs above the previous high, and the closing price is below the candle body midpoint and the EMA.
- Visual cues are provided via small upward (green) and downward (red) triangles on the chart.
2. **Fibonacci Levels**
- For each buy or sell signal, the indicator plots multiple horizontal lines at key Fibonacci levels. These levels can help traders set realistic profit targets and stop-loss levels.
- The plotted lines can be customized in terms of style (solid, dotted, dashed) and color (buy and sell line colors).
3. **Dynamic EMA Filtering**
- A customizable EMA filter is integrated into the logic to align trades with the prevailing trend.
- The EMA length is adjustable, allowing traders to fine-tune the indicator based on their trading style and market conditions.
4. **Alert System**
- Alerts can be enabled for both buy and sell signals, ensuring traders never miss an opportunity even when away from the screen.
- Alerts are triggered once per bar, ensuring timely notifications without excessive noise.
5. **Customizable Signal Visibility**
- Traders can toggle the visibility of the last 9 buy and sell signals. When this option is disabled, only the most recent signal is displayed, helping to declutter the chart.
---
### **How to Use the ELC Indicator**
- **Trend Following**: The ELC Indicator works well in trending markets by filtering signals based on the EMA direction. Traders can use the plotted Fibonacci levels to enter trades, set profit targets, and manage risk.
- **Reversal Trading**: The liquidity grab detection mechanism allows traders to capture potential market reversals. By waiting for price retracements to key Fibonacci levels after a signal, traders can enter trades with a favorable risk-to-reward ratio.
- **Scalping & Day Trading**: With its ability to plot key intraday levels and generate real-time alerts, the ELC Indicator is particularly useful for scalpers and day traders looking to exploit short-term market inefficiencies.
---
### **Concepts Underlying the Calculations**
1. **Liquidity Grabs**: The ELC Indicator’s core logic is based on detecting instances where the market moves beyond a recent high or low, triggering a liquidity grab. This often signals a potential reversal or continuation, depending on broader market conditions.
2. **Fibonacci Ratios**: Once a signal is detected, key Fibonacci levels are plotted to provide traders with actionable zones for trade entries, profit targets, or stop-loss placements.
3. **EMA Filtering**: The EMA acts as a dynamic trend filter, ensuring that signals are aligned with the dominant market direction. This reduces the likelihood of entering trades against the prevailing trend.
---
### **Why ELC is Unique**
The ELC Indicator stands out by combining multiple powerful trading concepts—liquidity, Fibonacci ratios, and EMA filtering—into a single tool that provides actionable and visually intuitive information. Unlike traditional trend-following indicators that lag behind price action, ELC proactively identifies key market turning points based on liquidity events. Its customizable features, real-time alerts, and comprehensive plotting of Fibonacci levels make it a versatile tool for traders across various styles and timeframes.
Whether you're a scalper looking for intraday opportunities or a swing trader aiming to capture larger moves, the ELC Indicator offers a robust framework for identifying and executing high-probability trades.
---
### **How to Get Started**
1. Add the ELC Indicator to your chart.
2. Customize the EMA length, line colors, and style based on your preference.
3. Enable alerts to receive real-time notifications of buy and sell signals.
4. Use the plotted Fibonacci levels to plan your trade entries, profit targets, and stop-loss levels.
5. Combine the signals from ELC with your existing market analysis for optimal results.
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This unique approach makes the ELC Indicator a valuable tool for traders seeking precision, clarity, and consistency in their trading decisions.
Supply and Demand RebalancingPlease do not use this rudimentary script to lose money. As far as I can tell it has ZERO EDGE on its own.
Supply and Demand Pattern Detection Script
Overview
This script identifies potential supply and demand zones by detecting a specific double-wick pattern formation. It's designed as an educational tool and research aid for traders interested in price action and supply/demand concepts.
Pattern Detection
Looks for consecutive candles with long wicks (tails) that align with each other
The wicks must be larger than a specified percentile of recent wick lengths
The candle bodies must be relatively small compared to their wicks
Volume and volatility filters can be optionally applied
Higher timeframe trend confirmation is available as an optional filter
Visual Aids
Green triangles appear when a long setup is detected
Red triangles appear when a short setup is detected
Boxes show the risk zone (red) and reward zone (green)
Boxes extend until the trade reaches either its target or stop loss
A performance table shows win rate and profit factor statistics
Key Settings
1. Pattern Detection:
Wick Alignment Tolerance: How closely the wicks need to align
Min Wick Length Percentile: Minimum size requirement for wicks
Max Body/Wick Ratio: Controls maximum candle body size relative to wick
2. Additional Filters:
Volume Filter: Optional volume confirmation
ATR Filter: Optional volatility confirmation
Higher Timeframe Confirmation: Optional trend alignment
3. Trade Parameters:
Risk/Reward Ratio: Default 2:1
Bars to Wait for Outcome: How long to track trade results
Important Disclaimers
This is an educational tool and should NOT be used to trade real money without extensive testing and modification. Please do not use this rudimentary script to lose money. As far as I can tell it has zero edge on its own.
Historical backtesting results are not indicative of future performance. The script may miss some valid setups or generate false signals. Trade outcomes are simplified and don't account for:
Slippage
Trading fees
Market liquidity
Gap risk
Real-world execution challenges
Recommended Usage
Use as a learning tool to understand supply/demand concepts
Practice identifying these patterns manually
Paper trade the setups first
Combine with other forms of analysis and risk management
Consider it one tool among many, not a complete trading system
Best Practices
Always use proper risk management
Test thoroughly on demo accounts first
Keep detailed trading logs
Understand why each pattern forms
Study both winning and losing trades to improve pattern recognition
Remember: No trading script can guarantee profits. This tool is meant for educational purposes and should be part of a broader trading education and development process.
Advanced Strategy with Bollinger, Fibonacci, and ATR MSDBu strateji kısa zaman dilimlerinde trend ve volatiliteyi analiz ederek kısa vadeli işlemler için optimize edilmiştir.
Stratejinin temel unsurları RSI, MACD, EMA, Bollinger bandı, Fibonacci seviyeleri, ATR ile desteklenmiştir
risk yönetimi
Stop-loss ATR'nin 1.5 katı
Take-profit ATR'nin 3 katıdır.
15 dakikalık zaman dilimlerinde en iyi performansı göstermesi için optimize edilmiştir. Hem manuel işlem rehberi hemde otomatik işlem sinyalleri için uygundur.
