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Candlestick analysis

KDJ IndicatorThe KDJ indicator is a technical analysis tool used to identify overbought and oversold conditions in the market, as well as potential trend reversals. It consists of three lines: the K line, D line, and J line. The K line is derived from the Exponential Moving Average (EMA) of the Relative Strength Value (RSV), which measures the closing price relative to the high and low over a user-defined period. The D line is the EMA of the K line, smoothing its movements. The J line, calculated as K + (K - D) × 2, amplifies the difference between K and D, making it more sensitive to price changes. Traders often use the KDJ indicator to spot divergences, crossovers, and extreme values (e.g., above 80 for overbought, below 20 for oversold) to make informed trading decisions. All parameters, including the RSV, K, and D periods, are customizable to suit different trading strategies.
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TsixJnineY tarafından
Wyckoff Method Indicator v2.5# Wyckoff Method Indicator v2.5 A comprehensive technical analysis tool based on Richard Wyckoff's market methodology to identify market phases, support/resistance levels, and key Wyckoff events. ## Key Features: - **Market Phase Detection**: Automatically identifies Accumulation, Re-Accumulation, Markup, Distribution, Re-Distribution, and Markdown phases - **Wyckoff Event Recognition**: Detects key events including: • Accumulation: SC (Selling Climax), AR (Automatic Rally), ST (Secondary Test), Spring, LPS (Last Point of Support), SOS (Sign of Strength), BEC (Backup to Edge of Creek) • Distribution: BC (Buying Climax), AR (Automatic Reaction), ST (Secondary Test), UT (Upthrust), UTAD (Upthrust After Distribution), LPSY (Last Point of Supply), SOW (Sign of Weakness) - **Support/Resistance Visualization**: Highlights key zones with color-coded boxes - **Volume Analysis**: Identifies high-volume bars with color-coded markers - **Effort vs. Result Analysis**: Compares volume changes to price movements to detect divergences - **Price-Scaling EMAs**: Three smoothly-scaling moving averages that properly track with price movements - **Comprehensive Legend**: Easily understand all indicators with the built-in legend ## Customizable Settings: - Lookback periods - Volume thresholds - Range multipliers - Display options for various components - Legend positioning ## What's New in v2.5: - Improved EMA scaling with price action - Enhanced event detection logic - Dark mode-friendly color palette - Optimized visual elements for better chart clarity Perfect for swing traders and position traders following Wyckoff methodology. This indicator helps identify accumulation and distribution zones, potential breakouts, and market transitions. Disclaimer: This indicator is for informational purposes only and should not be considered financial advice. Always conduct your own analysis before making trading decisions.
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thoth_capital tarafından
1
ALEX trader📈 MACD Indicator (Moving Average Convergence Divergence) 1. Function: MACD is a momentum and trend-following indicator that helps traders identify the direction, strength, and potential reversals of a price trend. 2. Key Components: MACD Line: The difference between the 12-period EMA and the 26-period EMA. Signal Line: A 9-period EMA of the MACD line. Histogram: The difference between the MACD line and the Signal line, displayed as vertical bars. 3. How It Works: When the MACD line crosses above the Signal line, it generates a bullish (buy) signal. When the MACD line crosses below the Signal line, it generates a bearish (sell) signal. When the histogram shifts from negative to positive, it suggests increasing bullish momentum, and vice versa. 4. Practical Use: Identify entry and exit points. Confirm trends and reversals. Combine with other tools like RSI, Moving Averages, or support/resistance levels for higher accuracy. 5. Pros & Cons: ✅ Pros: Easy to use, widely available, effective in trending markets. ❌ Cons: Can give late or false signals in sideways/ranging ma
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Alexfx0963 tarafından
Jedi Momentum & Reversal Scalp IndicatorQuick Breakdown: This scalping strategy was designed to take advantage of price movements throughout the regular trading session in NQ futures on the 1min chart. I developed this to help hunt for trend setups and reversals. This strategy or indicator is applicable to any high liquidity market, and works best on the 1min or 2min charts. 3min and 5min chart will give fewer signals. Markets are unpredictable and the NQ can be especially volatile. Recognizing that a market is in a state of chop or extreme volatility is important as a trader. This script will give false signals when the market is in a state of chop or extreme volatility. Avoid opens that do not have a clear directional move. Avoid low volume or slower periods of the regular trading session. Due to low volume and usually a tighter range, this script will most likely not work well during the overnight session. However, if patient, this indicator can help you find 1-3 A+ Setups during the RTH session. This indicator uses the 9, 20, and 50 simple moving averages. (custom SMA's) I take into consideration other indicators and key levels, then look for confluence with this strategy when hunting for setups. Long and Shorts are inverted for this strategy. Conditions and Considerations: - Setup Signal 1: 9 crosses 20. This is an early warning signal that momentum or sentiment in the market could be changing and starting to move in the direction of the cross. During consolidation or high volatility, Setup 1 will give false signals. A strong Setup Signal 1, usually happens after a period of consolidation. - Setup Signal 2: 9 crosses 50. This is the main signal that a long or short setup has begun. The background will change color to highlight a long or short setup and you will only see long Enter signals if the Setup is long. Setup 2 gives less false signals. - Entry Signal 1: 20 crosses 50. You won't be able to enter at the cross level, but if the momentum is healthy, then entering with the next candle could be a good entry level. However, sometimes price moves in the direction of the Setup before the cross, so you may want to enter just before if structure is favorable. Furthermore, you may want to have a stop that goes just outside of the 9/50 cross, since immediately pulling back to that level would not be healthy for the setup. **Note: Conditions for Entry Signals 2-4; are when price has pulled away from the moving averages and they are in order above or below price, then as price pulls back to the 9, 20, and 50 a long signal is created when the low of a candle gets close (custom buffers) to one of the moving averages. A short signal is created when the high of a candle gets close to one of the moving averages. - Entry Signal 2: Pullback to 9 (custom buffer). Early in a healthy setup the first pullback is usually the smallest and can happen quickly and also more than once. - Entry Signal 3: Pullback to 20 (custom buffer). Midway into or later in a setup price will pullback towards the 20. This is sometimes an early exhaustion sign. Pullbacks to the 20 are usually fewer than pullbacks to the 9. Sometimes the 9 and 20 begin to entwine before continuation. If this happens take note of the angle on the 50, if there is still a decent angle supporting the direction of the setup, then the setup is still valid. - Entry Signal 4: Pullback to 50 (custom buffer). This is sometimes an exhaustion signal and should be traded with caution and a tight stop. If the 50 is broken early in a Setup, then the momentum is not strong in the direction of the Setup, and you should avoid that trade. If later in the Setup the 50 is broken in a flush, but only by a few points, then wait and see if price rebounds in direction of Setup. If later in the Setup the 50 is broken by more than 25pts, then the Setup is not valid anymore. - Exit Signal: 9 cross the 50. When the 9 crosses the 50 in the opposite direction as the previous Setup, then that Setup is over. *Note: Context Matters! High volatility and chop can give false signals. Don’t trade every Setup. Market should make a clear opening drive and/or breakout of a key level or consolidation zone. Don’t try to use Entry signals in the middle of a consolidation zone, a day of high volatility, or during a news release (CPI, NFP, FOMC, etc.). Confluence with other indicators (like CDV candles pullback to CDV moving averages the same as price pullbacks to an Entry Signal, or RSI divergence after price made an exhaustion move off an Entry Signal, etc.) and key levels (like previous day’s OHLC, POC, VAH, VAL, etc.) Momentum: - 45* angle on moving averages can help identify strong momentum - RSI/MACD should be in confluent zones as Setup (if long RSI should be above zero) - Pullbacks always require patience=identify failure levels (15m/30m candle high/lows, OHLC, POC, VAH, VAL, etc.) - RSI hidden divergence=strong momentum - If strong momentum, then RSI divergence can give false signals Reversal: - Don’t try to fade strong momentum. Best to wait until Key Levels are reached. - 3+ “pushes” with RSI divergence=early reversal signal, but don’t enter before Signal 2 - If Initial Balance is extremely wide, take caution holding onto reversal Setups. Price could snap back as the market revisits key levels - Remember; a reversal is a pullback, but not all pullbacks are reversals Risk Management: - Depending on volatility, I trade with a 1:1 or 2:1 profit:loss bracket. My stops are usually set at 25pts - I always leave a runner at key levels or outside range - When main target is hit=all stops move to inside break even - Typically trail stops behind the 50 - Setups should move quickly=if price stalls and pulls away from break even, exit trade before full stop is hit ES 1min moving average settings: 16, 34, 75
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dillonmcdermott tarafından
1
SuperFib Manual EditThis is a TradingView custom indicator called "SuperFib Manual Edit" that allows traders to draw configurable horizontal lines at specific price levels with customizable text labels. Here's a breakdown of what it does: Main Features Creates up to 6 horizontal lines at user-defined price levels Each line has an associated text label (like "Support 1" or "Superfib") All visual elements are highly customizable Configuration Options Global Line Appearance Customizable line color and thickness (1-4 pixels) Label Appearance Text color Background color with transparency Text size (Tiny, Small, Normal, Large, Huge) Position (Left or Right side of the chart) Individual Line Settings Each of the 6 lines has its own settings group For each line, users can set: Price level (where the line appears) Custom label text Technical Implementation Uses PineScript version 6 Implements helper functions for label size and alignment options Efficiently manages label objects to prevent memory leaks Only updates labels on the last bar for better performance Lines/labels automatically hide if their price input is disabled This indicator would be useful for traders who want to manually mark important price levels like support/resistance zones, Fibonacci levels, or other significant price points with clear visual indicators and labels. The "SuperFib" part of the name suggests it might be specifically designed for marking Fibonacci retracement or extension levels, though it allows for completely manual placement rather than automatic calculation.RetryClaude can make mistakes. Please double-check responses.
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Turkish_Trader_ tarafından
SpectraTrader Ai v4 – PnL Dashboard + Pre-Open RadarSpectraTrader AI v4 – PnL Dashboard + Pre-Open Radar This script provides a powerful, multi-layered options trading assistant designed to help traders project option profitability, identify high-confidence trade setups, and anticipate market direction before and during the session. Core Features: • Multi-Timeframe Trend Sync (4H, 1H, 30m, 15m, 5m): Confirms directional bias using SMA cross detection across five timeframes, with live counting of bullish confirmations. • Spectral Geometry Payoff Zone: Uses EMA and standard deviation (volatility) to calculate the dual-price ceiling, identifying when price is inside a favorable payoff zone for option trades. • Real-Time Option PnL Estimator: Calculates the estimated PnL (%) for your specific CALL or PUT option based on strike price, premium paid, and live price action. • Confidence Scoring System: A built-in confidence meter (0–100%) combining trend strength, momentum alignment, and payoff zone status. • Automatic Virtual Trade Simulation: Simulates CALL or PUT entries and exits based on strike levels and predefined take-profit / stop-loss rules (20% TP / -25% SL). Includes smart entry and exit labels directly on the chart. • Bearish Breakdown Detection (Put Watch Mode): Alerts for full bearish trend alignment, including deep negative delta, momentum weakness, and after-hours breakdown conditions. • Session Awareness: Adapts behavior across Premarket, Market Open, and After-Hours with a clear session dashboard. Includes a special 9:15 AM Radar Alert for early signal detection before the market opens. • Live PnL Dashboard Table: Displays real-time option metrics: o Confidence % o Option PnL % and ITM/OTM status o Delta and Theta values o Strike levels for both CALL and PUT o Session time status (Premarket, Open, After Hours) Why This Script Is Unique (vs. Standard EMA, VWAP, or RSI Systems): SpectraTrader AI v4 goes beyond simple trend following by: • Integrating option-specific PnL math directly into the strategy. • Using multi-timeframe spectral alignment with momentum checks. • Providing pre-open radar alerts to catch early setups before market open. • Automating both entry detection and exit simulation with clear on-chart labeling. This system is not just a moving average crossover — it provides real-time option profitability estimation and trend confidence analysis with session-based awareness. How to Use: 1. Input your option strike price and premium paid in the settings panel. 2. Monitor the dashboard for entry signals, confidence score, and payoff zone alignment. 3. Use the smart labels and alerts for live trade guidance or virtual testing. 4. Adjust timeframe sync and session filters to match your strategy. 5. Disclaimer: 6. This script is for informational and educational purposes only. Trading involves risk. Please use proper risk management and consult a financial advisor if needed.
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SpectraTraderAi tarafından
Price Action Three Soldiers Strategy Buy&Sell TP&SLStrategy Overview: This indicator detects a "Three White Soldiers" bullish pattern to suggest potential buy opportunities. It uses dynamic Stop Loss (SL) and Take Profit (TP) management, based on either market volatility (ATR) or liquidity zones. This tool is intended for educational and informational purposes only. 📈 Key Features: Entry: Based on detecting Three White Soldiers candle pattern. Exit: Targets are managed through ATR multiples or previous liquidity levels (swing highs). Smart Liquidity: Optionally identify deeper liquidity targets. Full Alerts: Buy and Sell signals supported with customizable alerts. Visualized Trades: Entry, SL, and TP levels are plotted on the chart. ⚙️ User Inputs: ATR Length, ATR Multipliers Take Profit Mode (Liquidity/ATR) Swing Lookback and Strength Toggleable Buy/Sell alerts 📖 How to Use: Add the Indicator: Apply the script to your chart from the TradingView indicators panel. Look for Buy Signals: A buy signal is triggered when the script detects a "Three White Soldiers" bullish pattern. Entry, Stop Loss, and Take Profit levels are plotted automatically. Choose Take Profit Mode: ATR Mode: TP is based on a volatility target. Liquidity Mode: TP is based on past swing highs. Set Alerts (Optional): Enable Buy/Sell alerts in the settings to receive real-time notifications. Practice First: Always backtest and paper trade before live use. 📜 Disclaimer: This script does not offer financial advice. No guarantees of profit or performance are made. Use in demo accounts or backtesting first. Always practice proper risk management and seek advice from licensed professionals if needed. ✅ Script Compliance: This script is designed in full accordance with TradingView’s House Rules for educational tools. No financial advice is provided, no performance is guaranteed, and users are encouraged to backtest thoroughly.
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BCB_ELEVATE tarafından
CISD Liquidity Sweep + HTF Confirmation [Label Version]This powerful script is designed to help traders identify high-probability trade setups by combining liquidity sweep detection, structure breaks (CISD - Change In State of Delivery), and higher timeframe (HTF) confirmations into a simple, visual tool. Key Features: Liquidity Sweep Detection: Automatically detects when price sweeps prior highs or lows over a customizable lookback period, indicating potential liquidity grabs where institutional players often enter or exit positions. Volume Spike Filtering (Optional): Enhances sweep detection accuracy by optionally filtering signals using a relative volume spike, ensuring sweeps occur with meaningful market participation. CISD Structure Breaks: Identifies when price breaks critical swing highs or lows immediately after a liquidity sweep, confirming a Change in State of Delivery and increasing confidence in directional bias. Higher Timeframe Confirmation (Optional): Confirms entries by checking if higher timeframe closes break important levels, aligning your trades with the broader market structure and reducing false signals. Clear Visual Labels: BUY / SELL signals based on CISD conditions HTF BUY / SELL labels for confirmed entries with higher timeframe validation SWEEP HIGH / SWEEP LOW markers to visually track liquidity sweeps Fully Customizable Settings: Lookback range for sweep detection Volume spike sensitivity Option to enable or disable volume filtering Adjustable higher timeframe settings for confirmation Ideal For: Smart money concept (SMC) traders Liquidity hunters ICT methodology followers Price action and structure-based strategies Purpose: This script simplifies the often complex task of tracking liquidity and structure shifts, helping traders anticipate major market moves before they happen — not after.
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gj5mcmv92p tarafından
2 MA + Strat Candle ColorsThe "2 MA + Strat Candle Colors" indicator combines two customizable moving averages (MAs) with a strategic candle-coloring system to help traders analyze trends and price action. Here’s a breakdown of its features: 1. Two Moving Averages (MAs): MA 1 & MA 2 Settings: Users can select between 7 MA types for each line: SMA, EMA, WMA, HMA, VWMA, LSMA, SMMA. Adjustable periods and price sources (e.g., close, open) for both MAs. Default settings: MA 1 = 9-period EMA, MA 2 = 20-period EMA. Plotting: MA 1 is blue, MA 2 is red (colors customizable via inputs). Crossovers between the MAs can signal trend changes. 2. Strategic Candle Coloring: Candles are colored based on their relationship to the previous candle: Green (Bullish): "Two-Up Bar" – current high > prior high, and low does not break prior low. Red (Bearish): "Two-Down Bar" – current low < prior low, and high does not break prior high. Purple (Outside Bar): "Three Bar" – current candle engulfs the prior candle (higher high and lower low). Yellow (Inside Bar): "One Bar" – current candle is contained within the prior candle’s range. Candle coloring is based on:
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CSP_22 tarafından
qqadv.ru VDelta SumThe qqadv.ru VDelta Sum indicator displays volume delta as candles and calculates the total buying and selling volumes for the visible range of the chart. Features: Delta is calculated based on a lower timeframe (configurable). Option to plot all delta bars upwards from zero. Customizable wick color (default: yellow). A table in the top-right corner displays total buy and sell volumes, with fully customizable text and background colors. How to Use: Add the indicator to your chart. Delta candles will automatically be plotted based on real-time volume delta data. Adjust the settings as needed: Enable "Delta Always Above Zero" to plot all delta bars upwards from the 0 line. Customize the wick color for delta candles. Customize the text and background colors for the table displaying buy/sell sums. Interpretation: Green candles indicate buy volume dominance. Red candles indicate sell volume dominance. Long wicks suggest significant internal buy or sell pressure during the candle. Notes: Recommended for use on 1M, 5M, or 15M charts for optimal accuracy. Sudden delta spikes can signal potential reversals or strong hidden buying/selling activity. Important: The indicator uses a lower timeframe volume delta approximation. Data precision may vary based on your data provider and the selected chart resolution.
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qqadv tarafından
Bar Count for XAUThis TradingView indicator labels every other five-minute candle for XAU during the current Beijing session, which runs from 06:00 to 05:00 the next day. It shows the actual bar numbers—1, 3, 5, and so on—only for today’s session; yesterday’s labels are automatically cleared at the new open. The tags appear just below each qualifying candle with no background box, and you can adjust the font size in the settings. In short, it gives you a clean, real-time visual of intraday bar order without clutter
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ltt202326 tarafından
OBV by Randy_New指標介紹： 本指標基於傳統 OBV（On-Balance Volume）設計，並加入 EMA(21) 作為基準線，生成震盪型 OBV 差值指標（OBV Oscillator），進一步強化趨勢動能判斷能力。 改良特色： 傳統 OBV 直接累積買賣量，但視覺變化不明顯。本腳本將 OBV 減去 EMA，形成震盪指標，方便判斷趨勢轉折點。 以紅/綠顏色區分 OBV Oscillator 正負，紅色代表上升趨勢，綠色代表下降趨勢，提升視覺判讀效率。 修正 OBV 初期累積偏移問題，讓指標更加準確。 應用方式： OBV Oscillator > 0 時：代表買盤動能佔優，偏多思考。 OBV Oscillator < 0 時：代表賣盤動能佔優，偏空思考。 可搭配趨勢線、支撐阻力或其他指標（如 MACD、RSI）進行交叉驗證，增加交易勝率。 適合對象： 喜歡使用 OBV 判斷動能轉折的交易者 需要視覺化量價結合訊號的操盤手 備註： 本腳本為封閉原始碼，因應自有改良與應用，保護獨特邏輯設計，感謝理解 Indicator Name: OBV by Randy_New Overview: This indicator is based on the traditional On-Balance Volume (OBV) concept, with an enhancement that integrates an EMA (Exponential Moving Average) smoothing of the OBV data. The indicator plots an OBV Oscillator, which is the difference between the raw OBV and its EMA, helping traders to better visualize momentum changes and potential trend reversals. Key Features: Instead of simply accumulating OBV values, this script calculates the difference between OBV and its EMA to create a more responsive oscillator. Color-coded visualization: Red when the oscillator is above zero (indicating bullish momentum), Green when below zero (indicating bearish momentum). Corrects initial offset issues caused by na values in volume changes to ensure a more accurate OBV calculation from the beginning. How to Use: When the OBV Oscillator is above zero, it suggests buying pressure is dominant — consider bullish strategies. When the OBV Oscillator is below zero, it suggests selling pressure is dominant — consider bearish strategies. For higher accuracy, combine it with other technical tools such as trendlines, support/resistance, MACD, or RSI for confirmation. Target Users: Traders who like to use volume-based indicators for momentum analysis. Traders looking for a simplified and visually enhanced version of the traditional OBV. Important Notice: This script is closed-source to protect the specific improvements and proprietary adjustments made to the traditional OBV calculation and visualization method. Thank you for your understanding.
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Randy0918 tarafından
Pump StartPump Start ▎Overview of the Trading Strategy: "Pump Start" + Indicator In the world of trading, where each day brings new opportunities and challenges, the ability to analyze trends and sharp price fluctuations becomes a decisive factor for achieving success. We are pleased to introduce our unique strategy, Pump Start, which not only tracks the beginning of pumps but also demonstrates impressive results in highly volatile conditions. ▎Key Features of the Strategy: 1. Trend Analysis: Pump Start utilizes powerful algorithms to determine the current market trend. It takes into account both short-term and long-term price movements, enabling informed decision-making. 2. Tracking Sharp Fluctuations: Pump Start focuses on sharp price fluctuations that may signal the start of a pump. This allows our users to enter trades at early stages, maximizing potential profits. 3. Pump Start Indicator: It provides advance signals with markers on the chart for entry and exit prices for trades. 4. High Accuracy: With Pump Start, you will achieve an average success rate of over 95% across all futures. This means you can be confident in your decisions and minimize risks. 5. Ideal for Altcoins: Pump Start is particularly well-suited for trading altcoins, which often experience sharp price fluctuations. If you're looking to capitalize on volatile markets, Pump Start will be your reliable assistant. 6. Minimum Signals: Unlike many other strategies that generate numerous signals, the methodology of the indicator algorithm focuses on quality rather than quantity. Pump Start provides only the most justified trading signals, helping you avoid unnecessary stress and uncertainty. ▎Why Choose Pump Start? • Proven Results: Pump Start is based on deep analytical data and testing in real markets. Pump Start = high profitability and reliability. • Ease of Use: Even if you are new to trading, our strategy is intuitive and easy to understand. You will quickly master all the nuances and start earning. • User Support: Continuous consulting, training, experience sharing, advice, and updates on your successes. * Risk Management Compliance: Adhering to risk management practices, trading rules, and setting stop-losses for your positions significantly increases the chances of success in applying all strategies.
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Investing-Kaymann tarafından
Long Bar With ATR Multi Timframe | Amoo HassanLong Bar with ATR Multi Timeframe | Amoo Hassan Looking for a smarter way to spot powerful moves in the market? Long Bar with ATR Multi Timeframe is built exactly for that! This tool helps you catch strong trend breakouts and potential reversals — in a simple, clear, and effective way. What This Script Does: Detects Long Bars: It looks for candles with a larger body compared to recent averages and confirms them with ATR (Average True Range). Only truly significant moves are highlighted. Trend Filtering: Uses fast and slow moving averages (60 EMA, 34 EMA, and 200 SMA) to check if the overall market trend supports your trade. Multi-Timeframe Supertrend: Supertrend signals are combined across different timeframes to give extra confirmation and reduce false signals. Sharp Peaks and Valleys: Special candlestick patterns like sharp tops and bottoms are detected automatically. Smart Trading Sessions: Trades are filtered based on the most active trading hours, avoiding dead times when price action is messy. Important Date Control: On days with historically strange price action (like the 13th and 20th), the script stays cautious by disabling trades. Clear Buy and Sell Labels: When all conditions are aligned, you'll see clean and clear "BUY" or "SELL" signals right on your chart. Why You'll Like It: It's easy to use, even if you're not a technical analysis expert. It helps you avoid bad trades and focus on quality setups. It fits into your existing trading system — or it can work as a standalone entry tool. Friendly Reminder: No indicator is 100% perfect! Always combine signals with good risk management and your own judgment. And remember: Past results don't guarantee future performance. Best Timeframes: For the best results, we recommend using this script on 5-minute and 1-minute timeframes.
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hassansadeghirashed tarafından
Optimized Inside Bar AI BTC Strategy with Alligator/EMAInstructions for using the "Optimized Inside Bar AI BTC Strategy with Alligator/EMA" indicator This indicator combines the Inside Bar strategy with Alligator or EMA-based confirmations, and adds a dynamic position management system with Take Profit (TP) and Stop Loss (SL). You can choose between Alligator and EMA for trend direction confirmation and adjust the values ​​to optimize the strategy. 🔥 What the indicator contains: Inside Bar Detection: The indicator looks for Inside Bar candles, which are candles with a trading range (High and Low) smaller than the range of the previous candle. When a valid Inside Bar is formed, the indicator watches for a possible breakout (exit from its range). Breakout Confirmation: First confirmation: the price must close above or below the Inside Bar area. Second confirmation: using Alligator or EMA, the price must be above the Lips line (for long) or below the Lips line (for short). If you use EMA: the price must be above the EMA for long and below the EMA for short. If you use Alligator: there must be a clearly defined trend, and the distance from the Alligator lines will confirm the trend. Position Management (TP and SL): TP and SL are dynamically adjusted using ATR (Average True Range), to adjust positions according to market volatility. TP and SL are calculated based on the ATR multiplicity, and their value is determined by your risk and volatility settings. TP is placed at a favorable level, and SL is placed to limit losses. Risk-to-Reward Ratio: You can set a risk-to-reward ratio, for example 2:1, to adjust how much the strategy risks compared to the gain. Chart View: The Inside Bar is colored and marked on the chart to visually highlight it. After the breakout is confirmed, the SL, TP (multiple levels) and entry lines are drawn on the chart. You can view the EMA or Alligator lines on the chart to follow their evolution. Switching between Alligator and EMA: You can choose to use Alligator or EMA for trend confirmation in the indicator settings, by enabling the useEMA option. If you enable EMA, you will also be able to adjust its length in the indicator settings (emaLength). If you choose Alligator, you will use its specific widths (jawLength, teethLength, lipsLength). Strategy Modes: Trend Following: If you prefer to follow the trend, this mode will provide you with entry signals when the trend is clear. Scalping: If you want to focus on trading on short intervals, this mode adjusts TP and SL to suit a scalping approach. 📋 How to use the indicator: Add the indicator to TradingView: Open the TradingView platform. Add a Custom Indicator. Copy the code and paste it into the Pine Script editor. Click on “Add to Chart”. General Settings: EMA vs Alligator: In the indicator settings section, you will find the “Use EMA” option. If enabled, the indicator will use the EMA to confirm entries. If disabled, it will use the Alligator. EMA Length: If you choose EMA, you can change its length using the “EMA Length” setting. Alligator Settings: If you use Alligator, you will be able to adjust the lengths for Jaw (Max), Teeth (Middle), and Lips (Min), depending on your trading style. ATR Settings: You can adjust the ATR Length, Multiplier SL, and Multiplier TP to change how wide your Stop Loss and Take Profit levels are. Interact with the chart: When an Inside Bar forms, you will see a visual marker on the chart. If the breakout is confirmed, you will see the SL, TP and Entry lines drawn on the chart. If the trade is open, the TP and SL positions will also be displayed. The entry line is marked to visualize where the trade was triggered. Signal monitoring: The indicator will mark entry zones and track the current position, adjusting TP and SL as market volatility changes. Performance evaluation: Test the indicator on multiple timeframes to check its adaptability. Adjust the EMA or Alligator settings to see which one suits your trading style better. 📊 What you will get: More accurate entry confirmations, taking into account both the Inside Bar and trend conditions. Dynamic position management, using TP and SL based on market volatility. Possibility to choose between Alligator and EMA, depending on your preferences. Clear visualization of signals and entry levels on the chart. By testing this indicator, you will get more flexibility in position management and better confirmation of trading signals.
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CNC2788 tarafından
1