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Profit booking Indicatorell signal when RSI < 40, MACD crosses zero or signal line downward in negative zone, close below 50 EMA, candle bearish. Strong sell signal confirmed on 5-minute higher timeframe with same conditions. Square off half/full signals as defined. Target lines drawn bold based on previous swing lows and extended as described. Blue candle color when RSI below 30. One sell and one full square off per cycle, blocking repeated sells until full square off.
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AkshayShah99 tarafından
ICT Sweeps + FVG🔹 What is an iFVG? • FVG → imbalance left by displacement (big move). • iFVG (Inversion FVG) → when price returns to that gap later and flips it: • Bullish FVG (support) → broken → becomes resistance = bearish iFVG. • Bearish FVG (resistance) → broken → becomes support = bullish iFVG. That’s why ICT often says “FVG becomes inversion when violated”. ⸻ 🔹 Why You Don’t See FVG/iFVG Now • The script you’re using only coded sweeps (BSS/SSL). • It didn’t include the logic to: 1. Detect displacement candles. 2. Mark the FVG zone. 3. Flip it if price trades through → iFVG.
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bashar1aziz tarafından
Pivot + OHLC【Pivot + OHLC｜使い方（日本語）】 ■ 概要 前日のOHLCラインと、当日の高値/安値（点線）を表示しつつ、標準ピボット（複数方式）を同一チャートに描画するインジケーターです。デイトレ～スイングでの当日レンジ把握、前日基準の反発/ブレイク確認、ピボット到達の可視化に向きます。 ■ 主な機能 - 前日OHLC：前日の「Open/High/Low/Close」を水平ステップラインで描画（色変更可） - 当日H/L：当日の「高値/安値」を点線のライン＆ラベルで表示（最終バーのみ） - ピボット：Traditional / Fibonacci / Woodie / Classic / DM / Camarilla に対応 - 表示制御：ピボット各レベル（P, R1～R5, S1～S5）の個別ON/OFF、色、ラベル位置を設定可 - パフォーマンス：古いピボットは自動削除（件数を設定可能） ■ 基本の使い方 1) チャートに追加したら、時間軸を普段の取引足に設定します。 2) 「OHLC Resolution」で前日の参照解像度（通常は1D）を選択。 3) 「Hide past OHLC」をONにすると、前日のOHLCは“表示用解像度の最終バー”付近のみ表示され、過去の混雑を抑えます。 4) 「Display resolution (for OHLC)」はOHLCラベルの表示基準となる時間足（通常は1D）です。 5) 「Line Width」で前日OHLC＆当日H/L＆ピボットの線幅を共通で調整します。 6) ピボットは「Pivot Type」「Pivots Timeframe」「Use Daily-based Values」等で調整します。 - デイトレ用途：Pivot Timeframe＝“Auto or Daily”、Use Daily-based Values＝ON が手堅い構成です。 7) 「labels」グループで「Show Labels」「Show Prices」「Labels Position（Left/Right）」を調整します。 ■ パラメータ早見表 - OHLC Resolution：前日データの参照足（既定：1D） - Hide past OHLC：過去の前日OHLCを非表示（既定：ON） - Display resolution (for OHLC)：OHLCラベルの表示基準足（既定：1D） - Open/High/Low/Close：前日ライン色 - Line Width：全ライン共通の太さ - Show Labels / Show Prices：ラベルの名称/価格の表示切替 - Pivot Type：ピボット方式（Traditional / Fibonacci / Woodie / Classic / DM / Camarilla） - Pivots Timeframe：ピボット計算のアンカー（Auto / Daily / Weekly / … / Yearly派生） - Number of Pivots Back：履歴ピボット保持数（古いものは自動削除） - Use Daily-based Values：日足ベースで安定描画（短期足での未確定ずれを抑制） - Labels Position：ピボットラベルの左右 ■ 表示仕様のポイント - 当日H/Lは点線ライン＋ラベル（日本語表記：当日高値/当日安値）。最新バー時のみ表示・更新。 - 前日OHLCはステップライン。色を変更すると対応するラベル色も自動で連動。 - ピボットは方式により有効なレベル数が異なります（例：DMは少なめ、Traditional/CamarillaはR5/S5まで可）。 - レベルの個別トグル（Show P, Show R1 …）で混雑を抑えられます。 ■ 注意事項 / ヒント - 低スペック環境や極端に長い履歴では「Number of Pivots Back」を下げると安定します。 - 取引所/銘柄のセッションや休日によっては、1日の切替タイミングと当日H/Lの更新に差異が出る場合があります。 - Intradayでの“開場直後～日足切替前後”はリフレッシュによりH/Lやラベル位置が追随します。 - 「Use Daily-based Values」をONにすると、短期足でのピボット再計算による細かなズレを抑制できます。 ■ 使いどころ - 前日安値→当日戻り高値→ピボットR1の順に到達など、日内の“基準面”を連結して相場の節目を確認。 - ブレイク判定時に当日H/Lとピボット到達を併読して、利確/押し目候補を素早く評価。 - 指値戦略では、前日値幅（H-L）とピボット帯の重なりで「厚い」価格帯を抽出。 ■ Overview This indicator overlays prior-day OHLC lines, today’s high/low (dotted), and standard Pivot Points on the same chart. It’s built for quick intraday context: prior-day anchors, current-day range, and pivot confluence. ■ Key Features - Yesterday’s OHLC: horizontal step-lines with customizable colors - Today’s High/Low: dynamic dotted lines + labels (shown/updated on the latest bar) - Pivot Points: Traditional / Fibonacci / Woodie / Classic / DM / Camarilla - Fine control: per-level toggles (P, R1–R5, S1–S5), colors, label side - Performance-aware: old pivots are auto-pruned by “Number of Pivots Back” ■ Quick Start 1) Add to your chart and choose your working timeframe. 2) Set “OHLC Resolution” (usually 1D). 3) Turn ON “Hide past OHLC” to keep charts clean by only showing recent prior-day OHLC. 4) “Display resolution (for OHLC)” defines the baseline timeframe for OHLC label placement (usually 1D). 5) Adjust “Line Width” to control all line thicknesses at once. 6) Configure pivots via “Pivot Type”, “Pivots Timeframe”, and “Use Daily-based Values”. - For day trading, “Auto or Daily” + “Use Daily-based Values = ON” is a robust setup. 7) In “labels”, toggle “Show Labels”, “Show Prices”, and choose “Labels Position (Left/Right)”. ■ Parameter Cheatsheet - OHLC Resolution: timeframe used for prior-day data (default 1D) - Hide past OHLC: hide historical prior-day OHLC (default ON) - Display resolution (for OHLC): baseline for OHLC label placement (default 1D) - Open/High/Low/Close: colors for the four prior-day lines - Line Width: global thickness for OHLC / Today H/L / Pivots - Show Labels / Show Prices: text/price display for labels - Pivot Type: Traditional / Fibonacci / Woodie / Classic / DM / Camarilla - Pivots Timeframe: anchor timeframe (Auto / Daily / Weekly / … / Yearly variants) - Number of Pivots Back: how many historical pivot sets to keep (older ones are deleted) - Use Daily-based Values: stabilize pivot drawing on intraday charts - Labels Position: left or right for pivot labels ■ Display Notes - Today’s H/L are dotted lines with labels (“Today’s High” / “Today’s Low”); they update only on the latest bar. - Prior-day OHLC uses step-lines; label color automatically follows line color. - Available pivot levels depend on the chosen type (e.g., DM has fewer, Traditional/Camarilla support up to R5/S5). - Use per-level toggles (Show P, Show R1, …) to reduce clutter. ■ Tips / Caveats - On modest hardware or very long histories, reduce “Number of Pivots Back” for stability. - Exchange sessions/holidays can slightly shift the daily roll and when Today’s H/L updates. - Around the daily roll, intraday charts may refresh H/L/labels as new data confirms. - “Use Daily-based Values = ON” helps avoid micro-shifts from frequent intraday recalculations. ■ Practical Use - Chain prior-day low → intraday pullback high → pivot R1 to frame day structure. - On breakouts, read Today’s H/L with pivot reaches to judge take-profit / pullback zones. - For limit orders, intersect prior-day range (H–L) with pivot bands to find “thick” price zones.
Pine Script® göstergesi
da-yama1988 tarafından
BossBAWANG · Main Chart v0.1 is a trend-following multi-factor indicator that combines price deviation from a midline, ATR channels, and bull-bear lines to define market bias. On the main chart, it plots the midline, ATR trend channels, Bollinger Bands, and bull-bear lines. Candles are dynamically colored, and when multiple conditions align, the script highlights Strong Long or Strong Short confluence signals. Built-in alerts allow users to receive notifications instantly. Features • Trend midline (EMA60) and ATR channels for short-term support/resistance • Bull-bear lines (EMA200 ± ATR) to capture long-term bias • Candle coloring with confluence detection (Strong Long / Strong Short) • Data Window outputs: midline, trend lines, bull-bear lines, filters, and strength score • Built-in alert conditions for trading signals Recommended Timeframes: 4H / 1D (works on others as well) Markets: Crypto, FX, commodities, indices ⚠️ Disclaimer: This indicator is for educational and technical analysis purposes only. It does not constitute financial advice. Past performance does not guarantee future results.
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xufei tarafından
VPT-style Close-to-Close Indicator📈Cumulative momentum (close-to-close × rel. volume) | MA & Donchian optional | ⚡ Alerts Key Features: - Tracks cumulative price momentum using close-to-close changes weighted by relative volume. - Optional smoothed line (SMA/EMA) to identify trend direction. - Optional Donchian channels to detect potential breakouts and breakdowns. - Includes alerts for: - Moving average crosses (bullish/bearish) - Local maxima/minima in cumulative momentum - Donchian upper/lower channel breakouts - Customizable inputs: smoothing length, channel lengths, scaling factor, and visibility toggles. - Visual cues: line colors indicate momentum direction (green = up, red = down). - Use Case: Quickly spot momentum shifts, trend direction, and breakout opportunities with clear alerts and visual cues.
Pine Script® göstergesi
nstatephysics tarafından
BTCUSD Dual Thrust (1H)BTCUSD Dual Thrust (1H) — Indicator Overview The Dual Thrust is a classic breakout-type strategy designed to capture strong directional moves when markets show imbalance between buyers and sellers. This indicator adapts the method specifically for BTCUSD on the 1-Hour timeframe, showing dynamic Buy/Sell trigger levels and live signals. Origin The Dual Thrust system was originally introduced by Michael Vitucci and has been widely used in futures and high-volatility markets. It was designed as a day-trading breakout framework, where daily high/low and close data define the range for the next session’s trade triggers. How it Works Each new day, the indicator calculates a “breakout range” using daily price data. Two trigger levels are projected from the daily open: Buy Trigger: Open + Range × KUp Sell Trigger: Open - Range × KDn Range can be built from either: Classic Dual Thrust formula: max(High - Close , Close - Low) over a lookback period, or ATR-based range: for volatility-adaptive signals. A LONG signal fires when price crosses above the Buy Trigger. An EXIT signal fires when price crosses below the Sell Trigger. Buy/Sell lines step forward across each intraday bar until recalculated at the next daily open. Practical Use Optimized for BTCUSD 1-Hour charts (crypto’s volatility provides stronger follow-through). Use the Buy/Sell levels as dynamic breakout lines or as confluence with your own setups. Alerts are built in, so you can receive notifications when a LONG or EXIT condition triggers. Designed as an indicator only (not a backtest strategy). Key Features ✅ Daily Buy/Sell trigger lines auto-calculated and forward-filled ✅ LONG / EXIT labels on signals ✅ Optional ATR mode for volatility regimes ✅ Optional bar coloring for easy visual scanning ✅ Alerts ready for live monitoring ⚡️ Tip: While this indicator highlights breakout opportunities, effectiveness can improve when combined with trend filters (e.g., 200-SMA) or when aligned with higher timeframe supply/demand zones.
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Loganscottfx tarafından
[DEM] Ichimoku Bars Ichimoku Bars is designed to color price bars based on their relationship to the Ichimoku Cloud (Kumo) by comparing the current close price to both Leading Span A and Leading Span B from the traditional Ichimoku system, but with added smoothing modifications. The indicator calculates the standard Ichimoku components using Donchian midlines for the Conversion and Base lines, then creates smoothed versions of Leading Span A (20-period RMA of the average between Conversion and Base lines) and Leading Span B (20-period RMA of the 52-period Donchian midline), both displaced forward by the lagging span period. Bars are colored green when price is above both leading spans (indicating strong bullish conditions above the cloud), red when price is below both leading spans (indicating strong bearish conditions below the cloud), and magenta when price is within the cloud (indicating neutral or transitional conditions), providing traders with immediate visual feedback about price position relative to the Ichimoku equilibrium zone.
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divacleevq tarafından
[DEM] Four RMA Signal (With Backtesting) Four RMA Signal (With Backtesting) is designed to generate buy and sell signals based on a hierarchical alignment of four Rolling Moving Averages (RMA) with periods of 200, 300, 400, and 500, combined with price action confirmation through the fastest RMA line. It also includes a comprehensive backtesting framework to evaluate the historical performance of these signals. The indicator overlays directly on the price chart, plotting signals and displaying performance statistics in a table. The strategy generates buy signals when all four RMAs are aligned in ascending order (200>300>400>500, indicating strong bullish momentum across multiple timeframes) and the low crosses above the 200-period RMA, while sell signals are triggered when the RMAs are aligned in descending order (200<300<400<500, indicating strong bearish momentum) and the high crosses below the 200-period RMA, ensuring signals only occur during periods of confirmed long-term directional bias with immediate price confirmation through the fastest moving average.
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divacleevq tarafından
[DEM] EMA Cloud & Bars EMA Cloud & Bars is designed to provide visual trend analysis by combining two exponential moving averages of different lengths (default 50 and 150) with both a color-coded cloud fill and optional bar coloring to identify market conditions. The indicator plots the two EMAs as semi-transparent lines and fills the area between them with blue when the shorter EMA is above the longer EMA (indicating bullish conditions) or red when the shorter EMA is below the longer EMA (indicating bearish conditions). Additionally, it colors price bars green when price is above the shorter EMA and the shorter EMA is above the longer EMA (strong bullish alignment), red when price is below the shorter EMA and the longer EMA is above the shorter EMA (strong bearish alignment), and purple for all other conditions, providing traders with multiple visual cues for trend direction and strength while offering toggleable options for both the cloud display and bar coloring features.
Pine Script® göstergesi
divacleevq tarafından
[DEM] Donchian Cloud Donchian Cloud is designed to create a visual cloud overlay on the price chart using two Donchian Channel midlines of different periods (26 and 117 bars) to identify trend direction and potential support/resistance zones. The indicator calculates the average of the highest high and lowest low for each period, plots these as nearly transparent blue lines, and fills the area between them with a color-coded cloud that changes from blue to red when the longer-period midline (117) crosses above the shorter-period midline (26), indicating a potential bearish shift in the longer-term trend. This cloud system helps traders visualize the relationship between short-term and long-term price equilibrium levels, with the cloud color providing a quick reference for overall trend bias and the cloud boundaries offering dynamic support and resistance levels.
Pine Script® göstergesi
divacleevq tarafından
[DEM] Donchian Channels Bars Donchian Channels Bars is designed to color-code price bars based on their relationship to Donchian Channel breakouts by comparing short-term and long-term highest high and lowest low levels. The indicator uses two configurable lookback periods (default 1 and 20 bars) and colors bars green when the shorter-period highest high equals the longer-period highest high (indicating an upward breakout or new high), red when the shorter-period lowest low equals the longer-period lowest low (indicating a downward breakout or new low), and purple when neither condition is met. This visual system helps traders quickly identify when price is making significant moves beyond established ranges, with green bars highlighting potential bullish breakouts above recent resistance and red bars highlighting potential bearish breakouts below recent support levels.
Pine Script® göstergesi
divacleevq tarafından
سحابة المتوسطاتأفضل استخدام له مع فريم اكبر من فريم الشارت مثلاً الربع ساعة معاه فريم الساعة الثلاث دقائق معاها الربع ساعة و هاكذا ربط الفريمات المؤشر يرسم 3 متوسطات متحركة (يمكن اختيار نوعها: SMA/EMA/WMA/VWMA/HMA/RMA) ويُنشئ سحابتين بين هذه المتوسطات لإظهار الاتجاه والزخم بصريًا، مع منطق تلوين ذكي يميز حالات الترتيب “الطبيعي” والشواذ بين المتوسطات. أهم الميزات: MTF سلس بدون درج: إذا اخترت فريم أعلى، يستخدم المؤشر توليفًا تدريجيًا (LERP) بين قيمة الفريم الأعلى السابقة والحالية اعتمادًا على تقدم الوقت داخل شمعة الفريم الأعلى، ثم يُطبّق تنعيم EMA إضافي (softLen) لإزالة “الدرج”. سحابتان ديناميكيتان: السحابة الأولى (1↔3): بين أعلى وأدنى قيم المتوسطات الثلاثة. لونها “فاتح” افتراضيًا، وينعكس للون “غامق” عند حالات الشذوذ. السحابة الثانية (اختياريًا 2↔3 أو 1↔2): بلون “غامق” افتراضيًا، وتنعكس ألوانها عند الشذوذ. توجد آلية منع وميض عند تغيير الزوج داخل الشمعة. منطق الاتجاه والتلوين: يحدد حالات الترتيب (1>2>3 صعود رسمي، 1<2<3 هبوط رسمي) ويكشف “الشواذ” (مثل 1-3-2 أو 2-3-1) لتبديل درجات الألوان بين الفاتح/الغامق. تحكمات مرئية: اختيار نوع/فريم المتوسطات، أطوال كل MA، ألوان وشفافية السحب، عرض الخطوط، وإظهار ليبلات على آخر شمعة بقيم المتوسطات مع حجم خط وخلفية قابلة للتخصيص. تنظيف تلقائي لليبلات: إنشاء/تحريك عند آخر شمعة وحذفها عند الإخفاء لضمان أداء بصري نظيف. طريقة الاستخدام السريعة: اختر نوع المتوسط والفريم (اتركه فارغًا لاستخدام فريم الشارت). حدّد أطوال وألوان المتوسطات الثلاثة. اختر وضع السحب (الأولى/الثانية/كلتاهما) وحدد زوج السحابة الثانية. فعّل الليبلات إن رغبت لمتابعة قيم المتوسطات على آخر شمعة. English (Concise) What it does: This indicator plots three moving averages (type selectable: SMA/EMA/WMA/VWMA/HMA/RMA) and builds two clouds between them to visualize trend and momentum. It uses smart coloring to distinguish “normal” MA ordering vs. anomalies. Key features: Smooth MTF (no stepping): When a higher timeframe is selected, it linearly interpolates (LERP) between the previous and current HTF values based on intra-bar time position, then applies an extra EMA smoothing (softLen) to further reduce stair-stepping. Two dynamic clouds: Cloud 1 (MA1↔MA3): Spans the max/min of the three MAs. Uses a “light” palette by default, flips to “dark” on anomaly cases. Cloud 2 (configurable pair: MA2↔MA3 or MA1↔MA2): Uses a “dark” palette by default, flips to “light” on anomalies. Includes anti-flicker logic when changing the pair intra-bar. Trend & coloring logic: Detects ordered states (1>2>3 = bullish, 1<2<3 = bearish) and anomalies (e.g., 1-3-2 or 2-3-1) to swap cloud shades accordingly. Visual controls: Choose MA type/timeframe, individual lengths and colors, cloud colors/transparencies, line width, and optional labels on the last bar showing MA values with customizable size/background. Clean label handling: Creates/moves labels only on the last bar and deletes them when hidden, keeping the chart tidy. Quick start: Select MA type and timeframe (leave empty to use chart TF). Set lengths/colors for the three MAs. Pick the cloud mode (first/second/both) and the pair for Cloud 2. Enable labels to display the latest MA values if desired.
Pine Script® göstergesi
Abu-hatan tarafından
1
Multi-Indicator Combo - JTR Community - Version1🔰 **Multi-Indicator Combo – JTR Community Version 1 Edition** 🔰 The Multi-Indicator Combo is an all-in-one trading tool that combines multiple popular indicators into a single script, with full flexibility to enable/disable each one. It also includes an interactive Dashboard that summarizes market conditions with real-time values and insights. 🎯 What it offers: Moving Averages (MA): Supports 10+ types (EMA, SMA, HMA, McGinley, Kijun v2, etc.) for trend direction and dynamic support/resistance. Momentum Indicators: RSI with OB/OS levels. Stochastic RSI with crossovers and overbought/oversold signals. CCI, Momentum, ROC for additional confirmations. Volume Indicators: Volume with moving average. OBV (On Balance Volume) with percentile analysis. VWAP with dynamic price relation coloring. Volatility Indicators: ATR + NATR to measure strength and volatility. Bollinger Bands, Keltner Channel, Donchian Channel with color-coded fills. Volatility Stop for adaptive stop levels. Candlestick Patterns: Built-in library with popular patterns (Bullish/Bearish Engulfing, Hammer, Doji, Morning Star, Evening Star, Inside/Outside Bar, etc.). Support & Resistance Zones: Pivot Zones High/Low Zones Wick-based Liquidity Zones Interactive Dashboard: Displays indicator values and market insights in a simple, color-coded table (Bullish/Bearish/Neutral), allowing traders to quickly read the market without switching between multiple indicators. ⚙️ How to use: Enable only the indicators you need from the settings to keep your chart clean. Use the Dashboard for a quick overview of market sentiment. Combine signals (e.g., RSI + Volume + ATR) to improve accuracy and decision-making. 💡 Key Features: Combines 20+ indicators and tools into one script. Clean and organized interface with grouped settings. Highly flexible – every feature can be turned on/off. Suitable for beginners (easy overview) and advanced traders (detailed analysis). ⚠️ Disclaimer: This script is for educational and analytical purposes only. It does not provide financial advice or guaranteed trading signals. Always use proper risk management and a trading plan. 👨‍💻 Developed by: **JemmyTrade | JTR Community | Nabil Elmahdy ** 📥 Feedback & suggestions are welcome!
Pine Script® göstergesi
JemmyTrade tarafından
Precision Fair Value Gap (FVG)This indicator scans historical price action to automatically detect unmitigated Fair Value Gaps (FVGs) with precision. It highlights bullish and bearish gaps that remain open until price fills them, helping traders spot key liquidity imbalances used in Smart Money Concepts (SMC). 🔹 Features Detects both bullish and bearish FVGs. Auto-removes mitigated gaps once price returns to fill them. Configurable gap size, line weight, and colors. Optimized for performance with capped lookback and line control. Works on all timeframes and markets. Perfect for traders who rely on price action and institutional order flow to refine entries, exits, and confluence zones.
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TheTraderSmurf tarafından
QZ Trend (Crypto Edition) v1.1a: Donchian, EMA, ATR, Liquidity/FThe "QZ Trend (Crypto Edition)" is a rules-based trend-following breakout strategy for crypto spot or perpetual contracts, focusing on following trends, prioritizing risk control, seeking small losses and big wins, and trading only when advantageous. Key mechanisms include: - Market filters: Screen favorable conditions via ADX (trend strength), dollar volume (liquidity), funding fee windows, session/weekend restrictions, and spot-long-only settings. - Signals & entries: Based on price position relative to EMA and EMA trends, combined with breaking Donchian channel extremes (with ATR ratio confirmation), plus single-position rules and post-exit cooldowns. - Position sizing: Calculate positions by fixed risk percentage; initial stop-loss is ATR-based, complying with exchange min/max lot requirements. - Exits & risk management: Include initial stop-loss, trailing stop (tightens only), break-even rule (stop moves to entry when target floating profit is hit), time-based exit, and post-exit cooldowns. - Pyramiding: Add positions only when profitable with favorable momentum, requiring ATR-based spacing; add size is a fraction of the base position, with layers sharing stop logic but having unique order IDs. Charts display EMA, Donchian channels, current stop lines, and highlight low ADX, avoidable funding windows, and low-liquidity periods. Recommend starting with 4H or 1D timeframes, with typical parameters varying by cycle. Liquidity settings differ by token; perpetuals should enable funding window filters, while spot requires "long-only" and matching fees. The strategy performs well in trends with quick stop-losses but faces whipsaws in ranges (filters mitigate but don’t eliminate noise). Share your symbol and timeframe for tailored parameters.
Pine Script® stratejisi
bitcoinwolf1130 tarafından
Triple-EMA Cloud (3× configurable EMAs + timeframe + fill)About This Script Name: Triple-EMA Cloud (3× configurable EMAs + timeframe + fill) What it does: The script plots three Exponential Moving Averages (EMAs) on your chart. You can set each EMA’s length (how many bars or days it averages over), source (for example, closing price, opening price, or the midpoint of high + low), and timeframe (you can have one EMA use daily data, another hourly data, etc.). The indicator draws a “cloud” or channel by shading the area between the outermost two EMAs of the three. This lets you see a band or zone that the price is moving in, defined by those EMAs. You also get full control over how each of the three EMA‐lines looks: color, thickness, transparency, and plot style (solid line, steps, circles, etc.). How to Use It (for Beginners) Here’s how a trader who’s new to charts can use this tool, especially when looking for pullbacks or undercut price action. Key Concepts Trend: Imagine the market price is generally going up or down. EMAs are a way to smooth out price movements so you can see the trend more clearly. Pullback: When a price has been going up (an uptrend), sometimes it dips down a little before going up again. That dip is the pullback. It’s a chance to enter or add to a position at a “better price.” Undercut: This is when price drops below an important level (for example an EMA) and then comes back up. It looks like it broke below, but then it recovers. That may show reverse pressure or strength building. How the Script Helps With Pullbacks & Undercuts Marking Trend Zones with the Cloud The cloud between the outer EMA lines gives you a zone of expected support/resistance. If the price is above the cloud, that zone can act like a “floor” in uptrends; if it is below, the cloud might act like a “ceiling” in downtrends. Watching Price vs the EMAs If the price pulls back toward the cloud (or toward one of the EMAs) and then bounces back up, that’s a signal that the uptrend might continue. If the price undercuts (goes a bit below) one of the EMAs or the cloud and then returns above it, that can also be a signal. It suggests that even though there was a temporary drop, buyers stepped in. Using the Three EMAs for Confirmation Because the script uses three EMAs, you can see how tightly or loosely they are spaced. If all three EMAs are broadly aligned (for example, in an uptrend: shorter length above longer length, each pulling from reliable price source), that gives more confidence in trend strength. If the middle EMA (or different source/timeframe) is holding up as support while others are above, it strengthens signal. Entry & Exit Points Entry: For example, after a pullback toward the cloud or “mid‐EMA”, wait for price to show a bounce up. That could be a better entry than buying at the top. Stop Loss / Risk: You might place a stop loss just below the cloud or the lowest of your selected EMAs so that if price breaks through, the idea is invalidated. Profit Target: Could be a recent high, resistance level, or a fixed reward-risk multiple (for example aiming to make twice what you risked). Practical Steps for New Traders Set up the EMAs Choose simple lengths like 10, 21, 50. For example, EMA #1 = length 10, source Close, timeframe “current chart”; EMA #2 = length 21, source (H+L)/2; EMA #3 = length 50, maybe timeframe daily. Observe the Price Action When price moves up, then dips, see if it comes back near the shaded cloud or one of the EMAs. See if the dip touches the EMAs lightly (not a big drop) and then price starts climbing again. Look for undercuts If price briefly goes below a line (or below cloud) and then closes back above, that’s undercut + recovery. That bounce back is often meaningful. Manage risk Only put in money you can afford to lose. Use small position size until you get comfortable. Use stop-loss (as mentioned) in case the price doesn’t bounce as expected. Practice Put this indicator on charts (stocks you follow) in past time periods. See how price behaved with pullbacks / undercuts relative to the EMAs & cloud. This helps you learn to see signals. What It Doesn’t Do (and What to Be Careful Of) It doesn’t predict the future — it simply shows zones and trends. Price can still break down through the cloud. In a “choppy” market (i.e. when price is going up and down without a clear trend), signals from EMAs / clouds are less reliable. You’ll get more “false bounces.” Under / overshoots & big news events can break through clean levels, so always watch for confirmation (volume, price behavior) before putting big money in.
Pine Script® göstergesi
Blk0ut tarafından