Macd with RSI TableThe "MACD + RSI" Indicator is a combined technical analysis tool that integrates the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) for better market insights.
Key Features:
1. MACD Analysis:
• Computes MACD using customizable moving averages (SMA or EMA) for both the oscillator and signal line.
• Plots the MACD line, signal line, and histogram, which visually indicate market momentum and potential trend reversals.
• Includes alert conditions to notify users of key histogram changes (rising to falling or vice versa).
2. RSI Monitoring:
• Displays the RSI value to assess market strength (above 50 for bullish, below 50 for bearish).
• Highlights overbought and oversold conditions.
3. Integrated Table:
• A dynamic table shows the current MACD histogram state (positive or negative) and RSI value at a glance.
• Color-coded for quick interpretation (green for bullish, red for bearish).
This indicator provides a comprehensive view of trend direction, momentum, and market strength, making it suitable for identifying trading opportunities and managing risks.
Phân tích Xu hướng
EMA 100/200 TRENDLINEThis indicator uses two Exponential Moving Averages (EMA): one with a length of 100 periods and the other with a length of 200 periods.
When the EMA 100 crosses above the EMA 200, the EMA 100 line turns green, and the EMA 200 line turns red.
When the EMA 100 crosses below the EMA 200, the EMA 100 line turns red, and the EMA 200 line turns green.
The indicator also allows users to adjust:
The length of both EMAs
The color of each EMA line
The thickness of the lines
This helps traders visually identify trend changes based on the crossover of these two EMAs.
Daily Open LineIndicator Goal/Objective:
This is a Simple Code to show Daily Open Level in chart
This script plots a circle at the open price of the current day on the chart.
It marks the first bar's open price of each new trading day and
keeps the same value for the rest of the day until a new trading day begins.
It is only for analysis purpose only.
it is not a new indicator and can be replica of any other persons indicator.
The purpose of making indicator as an individual indicator is only for easiness.
Multi-Timeframe Trend and Market StructureThis indicator can be used to write on your graph the trend direction on 15m, 1h, 4h , daily timeframes
Signals from Pawel 2A trend based on four exponential moving averages. Signals displayed when two EMAs start to converge may give weak results or even none, potentially triggering a stop loss. Try to open positions right after the trend changes and when the EMA lines are far apart. The indicator was tested on XAU/USD on a 5-minute timeframe, but it will work on all timeframes and other pairs. Good luck ;-)
[blackcat] L2 Wave Base CampOVERVIEW
The L2 Wave Base Camp indicator is a technical analysis tool designed to identify trends and potential trading signals by visualizing price and volume data through moving averages and relative strength calculations. It operates in its own panel on the trading chart, providing traders with a clear and color-coded representation of market conditions.
FEATURES
Customizable Base Camp Level: Users can set a horizontal line at a specific level to mark significant price points.
Color-Coded Histograms: Different colors indicate various market conditions, such as price position relative to moving averages.
Labeled Signals: The indicator labels potential "Valley" and "Top" points, suggesting buying and selling opportunities.
Volume Analysis: Incorporates volume data to identify potential trend reversals based on volume trends.
HOW TO USE
Set the Base Camp Level: Adjust the input parameter to define a significant price level.
Interpret Histogram Colors: Use the color-coded histograms to understand the current market condition.
Look for Labeled Signals: Pay attention to "Valley" and "Top" labels for potential trading opportunities.
Analyze Volume Trends: Monitor volume data for signs of trend reversals.
LIMITATIONS
Not a Standalone Tool: Should be used in conjunction with other indicators and analysis methods.
Backtesting Required: Essential to understand historical performance before live trading.
NOTES
The indicator uses moving averages (SMA) and relative strength calculations to smooth data and identify trends.
Crossover events between different moving averages generate buy and sell signals.
THANKS
Special thanks to the original author for developing this insightful trading tool.
GOLDEN BOY - REVERSÃO Desenvolvido por Alex Reis
- Indicador de Reversão.
- Confluência com a tendência
- Bandas TMA
Tipo de Grafico : Range
Tempo do Gráfico: 10R/ 30R / 50R / 100R
Ativo : Mercado Futuros , GOLD , Forex
OBS: Configurar de acordo com sua estratégia.
Engulfing Candle by SmanovThis custom Pine Script indicator highlights bullish and bearish engulfing candles while ensuring the previous candle is not an inside bar (relative to the candle before it). Engulfing candles are often seen as potential reversal signals. By including an extra filter that excludes so-called “inside bars,” the indicator aims to provide stronger and more reliable signals.
How It Works
Bullish Engulfing Condition
The current candle is bullish (close > open).
The current candle’s low is lower than the previous candle’s low, and the current candle’s high is higher than the previous candle’s high (true “engulfing” from top to bottom).
The current candle closes above the previous candle’s high (confirms a breakout above the previous high).
Bearish Engulfing Condition
The current candle is bearish (close < open).
The current candle’s high is higher than the previous candle’s high, and the current candle’s low is lower than the previous candle’s low.
The current candle closes below the previous candle’s low (confirms a breakdown below the previous low).
Non-Inside-Previous-Bar Filter
The indicator checks the previous candle to ensure it is not an inside bar (where the entire high-low range of the previous candle sits inside the range of the candle before it).
By doing so, the indicator ignores signals where the previous candle is potentially indecisive or “inside.”
When these conditions are met, the indicator plots a triangle above (for bearish) or below (for bullish) the candle. You can also enable alerts to receive notifications each time a valid engulfing candle forms.
Features
Clear Markers on the Chart: Triangles appear near the bars that fulfill the engulfing criteria, simplifying quick identification of potential reversal points.
Non-Inside Bar Filtering: Reduces false signals by ensuring the previous candle range is not contained within the range of the candle before it.
Alert Conditions: Create TradingView alerts to be notified via push messages, email, or pop-ups whenever a bullish or bearish engulfing setup occurs.
Easy Customization: You can tweak the logic for stricter or looser engulfing definitions or add your own additional filters (volume, RSI, etc.) if needed.
How to Trade with It
Reversal Opportunities
Bullish Engulfing: Signals a potential bullish reversal. Traders might look to go long if other supporting factors (support level, bullish divergence, etc.) confirm the trend change.
Bearish Engulfing: Signals a potential bearish reversal. Traders might go short if there is additional confluence (resistance level, overbought conditions, etc.).
Combine with Other Indicators
While an engulfing candle by itself can be meaningful, adding a momentum oscillator (e.g., RSI, MACD) or volume analysis often strengthens confirmation.
Look for bullish engulfing signals near known support levels, or bearish engulfing signals near known resistance levels.
Risk Management
Place stop-loss orders below (for bullish entries) or above (for bearish entries) the engulfing candle to reduce risk.
Use your usual position sizing and money management rules.
Avoid Choppy Markets
Because this indicator focuses on engulfing patterns that break the previous candle’s high or low, it can reduce whipsaws in sideways markets. Still, confirm that the market isn’t in an extended range before acting.
Disclaimer:
This indicator is a technical tool designed to assist traders in identifying potential reversal points. It is not a standalone trading system. Always practice proper risk management, and confirm signals with additional analysis before entering any trade.
Price Projection by Linear RegressionPurpose:
This is a TradingView Pine Script indicator that performs a linear regression on historical price data to project potential future price levels. It's designed to help traders visualize long-term price trends and potential future price targets.
Key Components:
User Inputs:
Historical Data Points (default 1000 bars) - The amount of historical data used to calculate the trend
Years to Project (default 10 years) - How far into the future to project the price
Technical Implementation:
Uses linear regression (ta.linreg) to calculate the trend slope
Converts years to trading days using 252 trading days per year
Limits visible projection to 500 bars due to TradingView's drawing limitations
Projects prices using the formula: current_price + (slope × number_of_bars)
Visual Elements:
Blue line showing actual historical prices
Red projection line showing the expected price path
Label showing the projected price at the visible end of the line
Information table in the top-right corner showing:
Current price
Final projected price after the full time period
Limitations:
Can only display projections up to 500 bars into the future (about 2 years) due to TradingView limitations
The full projection value is still calculated and shown in the table
Past performance doesn't guarantee future results - this is a mathematical projection based on historical trends
Usage:
Traders can use this to:
Visualize potential long-term price trends
Set long-term price targets
Understand the historical trend's trajectory
Compare current prices with projected future values
EMA Offset Strategy with RSIEMA Offset Strategy with RSI Confirmation
This strategy combines the power of exponential moving averages (EMA) and the Relative Strength Index (RSI) to identify potential buy and sell signals in the market.
Key Features:
EMA with Forward Offset:
The strategy calculates a 13-period EMA and offsets it forward by another 13 periods to create a predictive indicator.
The offset EMA acts as a dynamic support and resistance level.
RSI-Based Confirmation:
A long (buy) signal is generated when the price closes above the offset EMA and the RSI is greater than 56.
A short (sell) signal is generated when the price closes below the offset EMA and the RSI is less than 44.
The RSI is set to a default 14-period calculation, providing an extra layer of confirmation for trade entries.
Signal Visualization:
Green "Buy" labels appear below bars where long conditions are met.
Red "Sell" labels appear above bars where short conditions are met.
The strategy dynamically plots the EMA (blue) and Offset EMA (red) on the price chart.
Automated Trade Execution:
The strategy executes long and short positions based on the defined conditions and exits when the opposing signal is triggered.
How to Use:
Inputs:
EMA Period: The number of periods for the exponential moving average (default is 13).
Offset Period: The number of periods to calculate the forward offset (default is 13).
RSI Period: The length of the RSI calculation (default is 14).
Signals:
Buy: When the closing price is above the offset EMA and RSI > 56.
Sell: When the closing price is below the offset EMA and RSI < 44.
Ideal Use Cases:
Suitable for trending markets to ride momentum while filtering out false signals with RSI confirmation.
Can be used for swing trading or intraday trading on various timeframes.
Customizations:
Users can adjust the EMA period, offset period, and RSI period from the settings to fit their preferred trading style and market conditions.
Visualization:
EMA (Blue): Traditional moving average line.
Offset EMA (Red): Predictive forward offset line.
Buy/Sell Signals: Clearly marked on the chart for actionable insights.
Combined Indicator (sdtzym)//@version=5
indicator("Combined Indicator", "LuxAlgo Combined", overlay=true)
//-----------------------------------------------------------------------------//
// Inputs
//-----------------------------------------------------------------------------//
// Trendlines with Breaks Inputs
length = input.int(14, 'Swing Detection Lookback')
mult = input.float(1., 'Slope', minval = 0, step = .1)
calcMethod = input.string('Atr', 'Slope Calculation Method', options = )
backpaint = input(true, tooltip = 'Backpainting offset displayed elements in the past. Disable backpainting to see real-time information returned by the indicator.')
upCss = input.color(color.teal, 'Up Trendline Color', group = 'Style')
dnCss = input.color(color.red, 'Down Trendline Color', group = 'Style')
showExt = input(true, 'Show Extended Lines')
// TRAMA Inputs
trama_length = input.int(99, 'TRAMA Length')
trama_src = input(close, 'TRAMA Source')
// LinReg Candles Inputs
signal_length = input.int(11, title="Signal Smoothing")
sma_signal = input.bool(true, title="Simple MA (Signal Line)")
lin_reg = input.bool(true, title="Lin Reg")
linreg_length = input.int(11, title="Linear Regression Length")
//-----------------------------------------------------------------------------//
// Calculations for Trendlines with Breaks
//-----------------------------------------------------------------------------//
var upper = 0.
var lower = 0.
var slope_ph = 0.
var slope_pl = 0.
var offset = backpaint ? length : 0
n = bar_index
src = close
ph = ta.pivothigh(length, length)
pl = ta.pivotlow(length, length)
slope = switch calcMethod
'Atr' => ta.atr(length) / length * mult
'Stdev' => ta.stdev(src,length) / length * mult
'Linreg' => math.abs(ta.sma(src * n, length) - ta.sma(src, length) * ta.sma(n, length)) / ta.variance(n, length) / 2 * mult
slope_ph := ph ? slope : slope_ph
slope_pl := pl ? slope : slope_pl
upper := ph ? ph : upper - slope_ph
lower := pl ? pl : lower + slope_pl
var upos = 0
var dnos = 0
upos := ph ? 0 : close > upper - slope_ph * length ? 1 : upos
dnos := pl ? 0 : close < lower + slope_pl * length ? 1 : dnos
var uptl = line.new(na,na,na,na, color = upCss, style = line.style_dashed, extend = extend.right)
var dntl = line.new(na,na,na,na, color = dnCss, style = line.style_dashed, extend = extend.right)
if ph and showExt
uptl.set_xy1(n-offset, backpaint ? ph : upper - slope_ph * length)
uptl.set_xy2(n-offset+1, backpaint ? ph - slope : upper - slope_ph * (length+1))
if pl and showExt
dntl.set_xy1(n-offset, backpaint ? pl : lower + slope_pl * length)
dntl.set_xy2(n-offset+1, backpaint ? pl + slope : lower + slope_pl * (length+1))
plot(backpaint ? upper : upper - slope_ph * length, 'Upper', color = ph ? na : upCss, offset = -offset)
plot(backpaint ? lower : lower + slope_pl * length, 'Lower', color = pl ? na : dnCss, offset = -offset)
plotshape(upos > upos ? low : na, "Upper Break", shape.labelup, location.absolute, upCss, text = "B", textcolor = color.white, size = size.tiny)
plotshape(dnos > dnos ? high : na, "Lower Break", shape.labeldown, location.absolute, dnCss, text = "B", textcolor = color.white, size = size.tiny)
//-----------------------------------------------------------------------------//
// Calculations for TRAMA
//-----------------------------------------------------------------------------//
trama_ama = 0.
hh = math.max(math.sign(ta.change(ta.highest(trama_length))), 0)
ll = math.max(math.sign(ta.change(ta.lowest(trama_length)) * -1), 0)
tc = math.pow(ta.sma(hh or ll ? 1 : 0, trama_length), 2)
trama_ama := na(trama_ama ) ? trama_src : trama_ama + tc * (trama_src - trama_ama )
plot(trama_ama, "TRAMA", color=color.new(color.red, 0), linewidth=2)
//-----------------------------------------------------------------------------//
// Calculations for LinReg Candles
//-----------------------------------------------------------------------------//
bopen = lin_reg ? ta.linreg(open, linreg_length, 0) : open
bhigh = lin_reg ? ta.linreg(high, linreg_length, 0) : high
blow = lin_reg ? ta.linreg(low, linreg_length, 0) : low
bclose = lin_reg ? ta.linreg(close, linreg_length, 0) : close
r = bopen < bclose
signal = sma_signal ? ta.sma(bclose, signal_length) : ta.ema(bclose, signal_length)
plotcandle(r ? bopen : na, r ? bhigh : na, r ? blow: na, r ? bclose : na, title="LinReg Candles", color=color.green, wickcolor=color.green, bordercolor=color.green)
plotcandle(r ? na : bopen, r ? na : bhigh, r ? na : blow, r ? na : bclose, title="LinReg Candles", color=color.red, wickcolor=color.red, bordercolor=color.red)
plot(signal, color=color.white)
ATR and RSI-Based Trading StrategyOverview
This strategy aims to capitalize on market opportunities by combining the power of volatility analysis and momentum indicators. By utilizing the Average True Range (ATR), Relative Strength Index (RSI), and Simple Moving Average (SMA), the strategy seeks to identify potential entry and exit points.
Key Indicators
Simple Moving Average (SMA): The SMA provides a general trend direction by smoothing out price data over a specified period.
Relative Strength Index (RSI): The RSI measures the speed and change of price movements, helping to identify overbought and oversold conditions.
Average True Range (ATR): The ATR measures the average true range of an asset's price over a specified period, providing a gauge of volatility.
Strategy Logic
Volatility Bands: The ATR is used to create upper and lower bands around a simple moving average. These bands represent a dynamic range of expected price movement.
Momentum Analysis: The RSI is used to measure the strength and direction of price movements.
Entry Signals:
Long Entry: A long position is entered when the price closes above the lower band and the RSI is below a predefined oversold level.
Short Entry: A short position is entered when the price closes below the upper band and the RSI is above a predefined overbought level.
Advantages
Versatility: The strategy can be applied to various markets and timeframes.
Adaptability: By adjusting the parameters, the strategy can be customized to different market conditions.
Clear signals: The combination of price action and momentum indicators provides clear entry and exit signals.
Disadvantages
False signals: The strategy may generate false signals, especially during periods of high volatility or sideways markets.
Parameter optimization: The performance of the strategy is highly dependent on the chosen parameters, which may require ongoing optimization.
Market conditions: The effectiveness of the strategy can vary depending on the overall market environment.
Conclusion
The ATR and RSI-based trading strategy offers a robust framework for identifying potential trading opportunities. However, like any trading strategy, it is essential to conduct thorough backtesting and consider implementing risk management techniques such as stop-loss and take-profit orders.
Additional Considerations:
Customization: Traders can customize the strategy by adjusting the parameters of the indicators (e.g., SMA length, RSI period, ATR multiplier) and adding additional indicators or filters.
Backtesting: It is crucial to backtest the strategy on historical data to assess its performance and identify potential weaknesses.
Risk Management: Implementing stop-loss and take-profit orders can help to limit potential losses and protect profits.
Enhanced Multi-Indicator StrategyEine fortschrittliche Handelsstrategie, die mehrere bewährte technische Indikatoren kombiniert, um präzise Kauf- und Verkaufssignale zu generieren. Hauptmerkmale:
Kombiniert RSI, MACD, SuperTrend und SMA für zuverlässige Signale
Integrierter Volumenfilter für Signalbestätigung
Dynamische Hintergrundfarben für überkaufte/überverkaufte Zonen
Anpassbare Parameter für individuelle Optimierung
Integrierte Alarme für Kauf- und Verkaufssignale
Verwendete Indikatoren:
RSI (Relative Strength Index) für Momentum
MACD für Trendbestätigung
SuperTrend für Trendrichtung
SMA (Simple Moving Average) für Trendidentifikation
Volumen-Analyse für Signalvalidierung
Signalgenerierung:
Kaufsignale erscheinen, wenn:
RSI überverkauft ist
Preis über SMA
SuperTrend bullish
MACD-Histogramm positiv
Optional: erhöhtes Handelsvolumen
Verkaufsignale erscheinen, wenn:
RSI überkauft ist
Preis unter SMA
SuperTrend bearish
MACD-Histogramm negativ
Optional: erhöhtes Handelsvolumen
Anpassungsmöglichkeiten:
SMA-Länge
RSI-Parameter und Schwellenwerte
MACD-Einstellungen
SuperTrend-Multiplikator
Volumenfilter
Hinweis: Dieser Indikator eignet sich für verschiedene Zeitrahmen und Märkte. Beste Ergebnisse werden in Kombination mit fundamentaler Analyse und gutem Risikomanagement erzielt. Tags: #MultiIndicator #Trading #RSI #MACD #SuperTrend #Volume #TechnicalAnalysis #TradingStrategy #PineScript
Relative Strength Index Zones The Relative Strength Index (RSI) indicator in this script is an enhanced version of the traditional RSI, designed to provide traders with deeper insights into market momentum and potential price reversals. The RSI is calculated using the average of upward and downward price movements over a specified period (default is 14), yielding a value between 0 and 100. Key levels, such as 70 (overbought) and 30 (oversold), are highlighted to help identify potential turning points. To further improve visualization, the script adds background colors to different RSI zones: red for values below 40 (strongly bearish), orange for 40-50 (mild bearish), yellow for 50-60 (neutral), and green for values above 60 (bullish). This visual aid helps traders quickly assess market conditions at a glance.
The script also introduces advanced features like divergence detection, allowing traders to identify potential trend reversals based on discrepancies between price and RSI movement. Bullish and bearish divergences are highlighted on the chart with corresponding labels for ease of identification. Additionally, it includes the option to apply moving averages (SMA, EMA, and others) or Bollinger Bands to the RSI for smoother trend analysis. Customizable settings for divergence detection, moving average types, and Bollinger Band parameters offer flexibility to adapt to different trading strategies, making this indicator a powerful tool for both novice and experienced traders.
Ichimoku Cloud with Percentage Distance and Background ColorThe “Ichimoku Cloud with Percentage Distance and Background Color” Indicator is an enhanced Ichimoku Kinko Hyo tool designed for comprehensive trend analysis and visualization. It integrates traditional Ichimoku components with additional features to improve usability and market insight.
Key Features:
1. Core Ichimoku Components:
• Conversion Line (Tenkan-sen): Short-term trend line calculated using a 9-period average of high and low prices.
• Base Line (Kijun-sen): Medium-term trend line using a 26-period average of high and low prices.
• Leading Span A (Senkou Span A): Average of the Conversion and Base Lines, shifted forward by 26 periods.
• Leading Span B (Senkou Span B): 52-period average of high and low prices, shifted forward by 26 periods.
• Lagging Span (Chikou Span): Current closing price plotted 26 periods behind.
2. Cloud (Kumo):
• The space between Leading Span A and Leading Span B is filled to form a “cloud.”
• Bullish cloud: Green when Leading Span A > Leading Span B.
• Bearish cloud: Red when Leading Span B > Leading Span A.
3. Percentage Distance Metrics:
• Displays the percentage distance between the current price and the Base Line (BL) and Conversion Line (CL).
• Positive values are shown in green, and negative values are shown in red.
4. Dynamic Background Color:
• Light green: Conversion Line is above the Base Line, indicating bullish momentum.
• Light red: Conversion Line is below the Base Line, signaling bearish momentum.
• Neutral gray: No clear trend (Conversion Line equals Base Line).
5. Integrated Table:
• A compact table at the bottom-right corner displays the percentage distances for BL and CL with color-coded values for quick interpretation.
Applications:
• Identify trends and potential reversals with the Ichimoku Cloud.
• Analyze momentum shifts using percentage distances.
• Visualize bullish/bearish conditions directly with background color changes.
• Quickly assess price relationships relative to key Ichimoku levels via the percentage distance table.
This indicator is ideal for traders looking for a comprehensive and visually enhanced tool to analyze market trends and momentum effectively.
Onky's DikFat Supreme Supply and Demand Onky's DikFat Supreme Supply and Demand is an essential tool for traders looking to harness the power of Supply and Demand Trading , a strategy based on the fundamental market principle that prices increase when demand exceeds supply and decrease when supply surpasses demand. This indicator helps you pinpoint key Supply and Demand Zones on the chart, acting as high-probability areas for potential market reversals.
Introduction to Supply and Demand Trading
Supply and demand trading is one of the most powerful approaches used by traders across all financial markets, from stocks to forex to commodities. It works on the idea that prices will naturally rise when there is more demand than supply, and fall when there is more supply than demand. Understanding where these zones lie on the chart is critical for making profitable trades. By identifying key support and resistance levels driven by these forces, traders can anticipate price movements with high accuracy.
Benefits of Using Supply & Demand Trading:
Simple Trading Approach : Focus on market structure rather than complex indicators.
High-Probability Trading Setups : Recognize zones where price is likely to reverse.
Minimal Indicators Required : The strategy works on pure price action.
Works Across All Markets : Supply and demand principles apply to stocks, forex, and commodities.
High Accuracy : When implemented correctly, it offers a high degree of precision.
Whether you are just starting or looking to refine your strategy, understanding how to identify supply and demand zones can greatly improve your trading decisions. Here’s how you can begin:
Step 1: Identify Supply and Demand Zones
Before entering trades, it's essential to first identify the Supply and Demand Zones on your chart. These zones act as key support and resistance levels where price is likely to reverse.
Supply Zone : This represents an area where selling pressure exceeds buying pressure, causing the price to drop.
Demand Zone : This marks an area where buying pressure exceeds selling pressure, driving the price upwards.
These zones are crucial for spotting potential turning points in the market. Using Onky's DikFat Supreme Supply and Demand indicator, supply and demand zones are automatically detected, helping you to identify these key levels with ease. The indicator highlights these zones with specific color coding, allowing you to quickly see where price might reverse based on historical price action.
Step 2: Confirm Your Entry and Exit
Once you've identified the supply and demand zones, confirmation is key before entering any trades.
Entry Confirmation :
Look for additional technical indicators and patterns that signal a strong trade setup:
Candlestick Patterns : Bullish engulfing, Piercing Line, and other reversal patterns.
Chart Patterns : Double bottom, Head and Shoulders, and other formations that suggest a market shift.
Momentum Indicators : Use tools like MACD and RSI to confirm the strength of the trend.
Exit Confirmation :
Plan your exits with discipline to maximize your profits and minimize losses:
Stop Loss : Always place stop losses just outside of the supply or demand zone.
Exit Strategies :
Close part of the position at 2x risk and move stop loss to breakeven.
Trail stops below the previous support or resistance levels.
Close the full position using reversal candlestick patterns.
Step 3: Use Effective Risk Management
Incorporating effective Risk Management practices is essential for long-term success in supply and demand trading. Even with a high-probability edge, managing your risk ensures that you protect your capital and make more informed decisions.
Risk Management Best Practices :
Risk 1%-3% Per Trade : For a $10,000 account, risk only $100-$300 per trade.
Position Sizing : Stick to position sizes appropriate for your account size to manage risk effectively.
Set Stop Loss Orders : Always manage your risk with clearly defined stop losses.
Control Emotions : Avoid overtrading, revenge trading, and excessive confidence. Stick to your plan.
By combining supply and demand zones with solid risk management, you can confidently trade the markets and grow your account over time.
Start Applying Supply and Demand
Now that you understand the basics, you can begin applying Supply and Demand trading using the Onky's DikFat Supreme Supply and Demand indicator to detect key zones and high-probability setups. Here’s how to start:
Identify Fresh Supply and Demand Levels : Use the indicator to automatically find the most relevant zones.
Confirm Setups with Additional Signals : Use candlestick patterns, momentum indicators, and chart patterns for entry confirmation.
Manage Risk on Every Trade : Always use proper risk management to ensure you’re protecting your capital.
As you become more proficient in identifying and trading these zones, you will enhance your trading strategy and improve your consistency. Implementing these practices early on will help you grow as a trader and achieve long-term success.
Additional Resources
Price Action and Supply and Demand : A deeper dive into how price action complements supply and demand analysis.
Supply and Demand Trading - The Ultimate Guide : A comprehensive guide to mastering supply and demand trading techniques.
Advanced Supply and Demand Zones : Learn to identify more complex supply and demand zones for greater trading precision.
With the right education, dedication, and a focus on proper risk management, you can successfully trade based on supply and demand principles, no matter your experience level.
AI-Powered SupertrendKey Features:
Supertrend Algorithm
- Tracks market trends using ATR (Average True Range) to identify potential buy and sell zones.
- Color-coded trendlines (green for bullish, red for bearish) for clear visualization.
Moving Average Crossovers
- 21-period SMA and 5-period SMA for short- and mid-term trend analysis.
- Buy and sell signals generated at crossover points (minimalist circles).
Stock Information Label
- Displays the stock's ticker symbol in a clean, upper-right label format.
Minimalist Design
- Reduces visual clutter while retaining crucial data for decision-making.
This indicator is ideal for traders looking for a powerful yet straightforward tool to monitor trends, recognize opportunities, and enhance their trading strategy.
Note: For advanced features such as real-time fundamental analysis, dynamic API integration may be required.
Trend and Triangle Detection_________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
ADX, RSI, & TSI utilized as ART [by KeremErtem]The "ADX, RSI, & TSI utilized as ART" script is an advanced technical analysis tool designed by Kerem Ertem to help traders identify trend direction, strength, and potential reversals. It integrates the Average Directional Index (ADX), Relative Strength Index (RSI), and True Strength Index (TSI) into a cohesive, user-friendly indicator known as ART (Adaptive Relative Trend) .
What it does:
Trend Detection: Utilizes ADX to identify the strength and direction of trends.
Momentum Analysis: Uses RSI to gauge the speed and change of price movements.
Signal Smoothing: Incorporates TSI to reduce noise and provide clearer signals.
How it works:
Input Settings: Customize the source (hlc3), signal period (l1), and lookback range (l2) to tailor the indicator to your trading strategy.
Angle Calculation (ACI): The script calculates the angle of price movements using a custom function, which combines the lowest and highest prices with moving averages to create a smoother representation of trend angles.
Weighted Average: The ACI function is applied to the source price to derive a weighted average, which serves as the foundation for further calculations.
RSI Integration: The script calculates the RSI based on the weighted average price and further refines it using the ACI function to enhance signal accuracy.
ADX Calculation: ADX values are computed and adjusted using the ACI function to provide a clearer indication of trend strength and direction.
ART Indicator: The combined results of the RSI and ADX calculations form the ART indicator, which is plotted alongside trend lines and bands for comprehensive trend analysis.
Bands and Trend Lines: The script plots upper, lower, and center bands based on standard deviation and moving averages, providing visual cues for potential support and resistance levels.
How to use it:
Customization: Adjust the signal period, lookback range, RSI length, and ADX settings to fit your trading preferences.
Interpretation: Green ART signal lines indicate bullish trends, while red lines indicate bearish trends. The trend line color changes from cyan to magenta based on the trend direction.
Bands: Use the upper and lower bands as potential entry and exit points, with the center line acting as a trend confirmation.
This script offers a comprehensive approach to trend and momentum analysis, making it a valuable tool for traders seeking to enhance their trading strategies with advanced technical indicators.
Eden dos Traders - @chrismoreira.spEsse indicador recebe o nome de Eden dos Traders em homenagem ao conceito e estratégia desenvolvida pelo mestre em trading Alexandre Wolwacz conhecido no mercado como Stormer.
O conceito de Eden dos Traders se resume em ser a zona perfeita de ser operada em uma tendência, momento em que temos as principais médias do mercado alinhadas, deixando um caminho livre de suportes / resistências para que o trader tenha a possibilidade de surfar movimentos de tendência no gráfico.
Basicamente, as médias presentes nesse indicador serão pintadas de verde quando estiverem curvadas para cima, e de vermelho quando estiverem curvadas para baixo. Se a média estiver lateralizada, ficará pintada de amarelo.
Espero que gostem e façam bom uso!
Rolling Angled Volume Profile [Trendoscope®]🎲 Volume Profile Indicators
🎯Traditional Volume Profile
Volume profile indicators visually represent the distribution of volume across price levels. These indicators typically operate on horizontal price levels, making them effective in identifying supply and demand zones in ranging markets. However, they are less useful in trending markets where price movements follow a slope.
🎯The Need for Angled Volume Profiles
Just as support and resistance levels differ from trendlines, volume profile indicators require an equivalent method to account for volume distribution along a sloped trajectory. This would enable more accurate volume analysis in trending markets.
We identified the need of Angled Volume profile and have already published few indicators that implements the concept.
Angled Volume Profile calculates volume distribution along a slope. Users interact with the indicator by selecting the starting point, after which the volume profile is calculated for the selected trajectory.
Volume Forks is another tool that extends angled volume profile analysis, aligning volume profiles along the trajectory of pitchforks.
🎲 Rolling Volume Profile Indicator
The Rolling Volume Profile offers a new approach to angled volume profile calculations, addressing some limitations of earlier implementations:
🎯 Rolling Calculation
The volume profile is calculated for the last N bars of the instrument
The slope of the profile lines is determined by the closing prices of the starting and ending bars
Profiles are drawn in the direction of price movement between the start and end bars.
🎯 Dynamic Updates
As new bars are added, the calculations are updated, and the profile is redrawn based on the latest data.
This dynamic behavior earns it the name "Rolling Volume Profile."
🎯 Advantages Over Earlier Versions
Unlimited Profile Lines : Unlike previous implementations limited to 500 profile lines, this indicator uses polyline objects, overcoming the restriction.
Live Updates : Previous angled volume profile tools lacked real-time updates when new bars appeared. This limitation is resolved in the Rolling Volume Profile Indicator.
The Rolling Volume Profile provides an efficient and scalable solution for analyzing volume in trending markets.
🎯 Indicator Settings
Simple settings include few customisable options
