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Candlestick analysis

FVG Trailing Stop [LuxAlgo]The FVG Trailing Stop indicator tracks unmitigated Fair Value Gaps (FVG) data to produce a Trailing Stop indicator able to determine if the market is uptrending or downtrending easily. 🔶 USAGE The FVG Trailing Stop is intended to identify trend directions through its position relative to the closing price: Bullish: Price is located above the Trailing Stop, indicating that all Bearish FVGs have been mitigated and the trend is anticipated to continue upwards. Bearish State: Price is located below the Trailing Stop, indicating that all Bullish FVGs have been mitigated and the trend is anticipated to continue downwards. The Trailing Stop originates from two extremities obtained from the average of respective unmitigated FVGs. The specific directional average is also displayed as a more transparent secondary line, however, the trailing stop is derived from this value and a new trend will not be detected until the opposite directional average is crossed. Price reaching the Trailing Stop is caused by retracements and can lead to the following scenarios: Outcome 1: The directional average is crossed next, indicating a new trend direction. Outcome 2: The directional average is held as support or resistance, leading to a new impulse and a continuation of the trend. 🔹 Reset on Cross While price crossing the Trailing Stop should be considered as a sign of an upcoming trend change; it is possible for the price to still evolve outside it. As a solution, we have included the "Reset on Cross" feature, which (as the name suggests) hides and resets the Trailing Stop each time it is crossed, leading to a "Neutral" state. This opens the opportunity for the Trailing Stop to be displayed again once the price moves again in the direction of the pre-established trend. A trader might use this to accumulate positions within a specific trend. 🔶 DETAILS The script uses a typical identification method for FVGs. Once identified, the script collects the point of the FVG farthest from the current price when formed. For Upwards FVGs this is the bottom of the FVG. For Downwards FVGs this is the top of the FVG. The data is managed only to use the last input lookback of FVGs. If an FVG is mitigated, it frees up a spot in the memory for a new FVG, however, if the lookback is full, the oldest will be deleted. From there, it uses a "trailing" logic only to move the Trailing Stop in one direction until the trailing stop resets or the direction flips. The extremities used to calculate the Trailing Stop are created from 2 calculation steps, the first step involves taking the raw average of the FVG mitigation levels, and the second step applies a simple moving average (SMA) smoothing of the precedent-obtained averages. 🔶 SETTINGS Unmitigated FVG Lookback: Sets the maximum number of Unmitigated FVGs that the script will use. Smoothing Length: Sets the smoothing length for the Trailing Stop to reduce erratic results. Reset on Cross: When enabled, hide and reset the Trailing Stop until the price starts moving in the pre-established trend direction again.
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LuxAlgo tarafından
12
Trend Persistence Counter (TPC) by riskcipher🧭 Trend Persistence Counter (TPC) – A Simple Price Action Trend Duration Tool Trend Persistence Counter (TPC) is a lightweight indicator that counts how long a trend persists after a breakout. It is entirely based on price action, without using any moving averages or smoothing. The goal is to give a simple, rule-based view of trend continuity. 🧠 How It Works (Logic Overview) This indicator switches between two modes: bullish and bearish. If close > previous high, the counter enters bullish mode, and starts at +1 While in bullish mode: If close >= previous low → continue the uptrend → +1 each bar If close < previous low → trend ends → reset to 0, switch to bearish mode If close < previous low, the counter enters bearish mode, and starts at -1 While in bearish mode: If close <= previous high → continue the downtrend → -1 each bar If close > previous high → trend ends → reset to 0, switch to bullish mode This provides a bar-by-bar count of trend persistence based on whether price holds structure. 🎯 Use Cases Track how long a trend continues after a breakout Quickly detect when trend structure breaks Help visually filter “strong” vs “weak” moves Build logic-based alerts (e.g., trend continues for N bars) 🔍 Why Use This Instead of Traditional Indicators? This is not meant to replace moving averages or trend filters. But it offers some advantages for those who prefer structure-based logic: Feature TPC Based on Price Action ✅ Yes Uses Lagging Filters ❌ No moving average or smoothing Trend Duration Measurement ✅ Counts valid consecutive moves Complexity ⚪ Very simple and transparent It’s a simple concept and easy to understand, but still useful when combined with other tools or visualized on its own. ⚙️ Technical Notes Works on any timeframe or instrument The value is positive during bullish persistence, negative during bearish Value resets to 0 when trend structure breaks All logic is calculated bar-by-bar, in real time ✅ Example Usage Ideas Highlight candles when TPC value crosses a certain threshold (e.g., strong breakout continuation) Use the zero-cross as a potential reversal warning Filter trend signals in your existing strategies
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RiskCipher tarafından
HTF 3rd Weekly High/LowThis indicator plots horizontal lines for the high and low of a selected past weekly candle, allowing traders to visualize higher time frame (HTF) structure on lower time frame charts (e.g., 1H, 4H, etc.). Features: Custom Weekly Range Selection: Use the dropdown to choose which weekly candle to reference — from the current week (0) to up to five weeks back. Clean Horizontal Lines: High and low levels of the selected week are drawn as persistent horizontal lines. Automatic Text Labels: Labels like Week-3H and Week-3L are shown on the right side of the chart, matching the week selected. Customization: Line colors Line width and style (solid, dotted, dashed) Text label offset Automatic Refresh: Levels and labels are redrawn at the start of each new week to stay current with your selection.
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ryannb123 tarafından
Cumulative Intraday Volume with Long/Short LabelsThis indicator calculates a running total of volume for each trading day, then shows on the price chart when that total crosses levels you choose. Every day at 6:00 PM Eastern Time, the total goes back to zero so it always reflects only the current day’s activity. From that moment on, each time a new candle appears the indicator looks at whether the candle closed higher than it opened or lower. If it closed higher, the candle’s volume is added to the running total; if it closed lower, the same volume amount is subtracted. As a result, the total becomes positive when buyers have dominated so far today and negative when sellers have dominated. Because futures markets close at 6 PM ET, the running total resets exactly then, mirroring the way most intraday traders think in terms of a single session. Throughout the day, you will see this running total move up or down according to whether more volume is happening on green or red candles. Once the total goes above a number you specify (for example, one hundred thousand contracts), the indicator will place a small “Long” label at that candle on the main price chart to let you know buying pressure has reached that level. Similarly, once the total goes below a negative number you choose (for example, minus one hundred thousand), a “Short” label will appear at that candle to signal that selling pressure has reached your chosen threshold. You can set these threshold numbers to whatever makes sense for your trading style or the market you follow. Because raw volume alone never turns negative, this design uses candle direction as a sign. Green candles (where the close is higher than the open) add volume, and red candles (where the close is lower than the open) subtract volume. Summing those signed volume values tells you in a single number whether buying or selling has been stronger so far today. That number resets every evening, so it does not carry over any buying or selling from previous sessions. Once you have this indicator on your chart, you simply watch the “summed volume” line as it moves throughout the day. If it climbs past your long threshold, you know buyers are firmly in control and a long entry might make sense. If it falls past your short threshold, you know sellers are firmly in control and a short entry might make sense. In quieter markets or times of low volume, you might use a smaller threshold so that even modest buying or selling pressure will trigger a label. During very active periods, a larger threshold will prevent too many signals when volume spikes frequently. This approach is straightforward but can be surprisingly powerful. It does not rely on complex formulas or hidden statistical measures. Instead, it simply adds and subtracts daily volume based on candle color, then alerts you when that total reaches levels you care about. Over several years of historical testing, this formula has shown an ability to highlight moments when intraday sentiment shifts decisively from buyers to sellers or vice versa. Because the indicator resets every day at 6 PM, it always reflects only today’s sentiment and remains easy to interpret without carrying over past data. You can use it on any intraday timeframe, but it works especially well on five-minute or fifteen-minute charts for futures contracts. If you want a clear gauge of whether buyers or sellers are dominating in real time, and you prefer a rule-based method rather than a complex model, this indicator gives you exactly that. It shows net buying or selling pressure at a glance, resets each session like most intraday traders do, and marks the moments when that pressure crosses the levels you decide are important. By combining a daily reset with signed volume, you get a single number that tells you precisely what the crowd is doing at any given moment, without any of the guesswork or hidden calculations that more complicated indicators often carry.
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QuantByBoji tarafından
Options Risk Manager v2.2.0 - Priority 7 CompleteScript Description for TradingView Publication Options Risk Manager v2.2.0 - Priority 7 Complete What does this script do? Options Risk Manager v2.2.0 is a comprehensive position management system designed specifically for options traders. The indicator calculates precise stop loss levels, risk/reward targets, and position sizing based on user-defined risk parameters. It provides real-time profit/loss tracking, options Greeks monitoring, and automated alert systems for critical price levels. The script displays entry points, stop losses, and profit targets directly on the chart while continuously calculating position metrics including dollar risk, account exposure, and probability of success. Version 2.2.0 introduces Priority 7 advanced alerts with dynamic risk warnings and multi-condition notifications. How does it do it? The script performs several key calculations: 1. Risk-Based Stop Loss Calculation - Determines stop loss levels based on percentage of entry price, automatically adjusting for calls versus puts. Put positions place stops above entry, while calls place stops below. 2. Position Sizing Algorithm - Calculates optimal contract quantities using account size, risk percentage, and stop distance to ensure consistent risk per trade regardless of underlying price. 3. Options-Specific P&L Tracking - Incorporates Delta, Gamma, Vega, and Theta to provide accurate profit/loss calculations for options positions, including time decay effects. 4. Three-Phase Trade Management - Implements systematic position management through Entry Phase (initial risk), Profit Phase (approaching target), and Trailing Phase (EMA-based exit management). 5. Multi-Level Alert System - Monitors price action, Greeks thresholds, time decay acceleration, and account risk levels to generate context-aware notifications. How to use it? Initial Setup: 1. Apply indicator to any optionable security 2. Toggle "In Position" ON when entering a trade 3. Set Direction (Call/Put) and Side (Long/Short) 4. Enter the underlying price at position entry 5. Specify number of contracts and risk percentage Position Management: Blue line shows entry price Red line indicates stop loss level Orange line displays risk/reward target Purple EMA line activates after target hit Monitor real-time P&L in trade panels Alert Configuration: Enable Advanced Alerts in settings Set profit/loss notification thresholds Configure Greek-based warnings Activate time decay alerts for expiration Risk Parameters: Risk % determines stop distance from entry Account Value sets position sizing limits Contract Multiplier (standard = 100) R:R Ratio defines profit targets What makes it unique? Options Risk Manager addresses the specific challenges of options trading that generic indicators miss. The script accounts for the inverse relationship in put options (profiting from price declines), incorporates Greeks for accurate P&L calculations, and provides options-specific limit orders for TradeStation integration. The three-phase management system removes emotional decision-making by defining clear rules for position management. Phase transitions occur automatically based on price action, shifting from initial risk management to profit protection to trend-following modes. Version 2.2.0's Priority 7 alert system provides intelligent notifications that include live metrics, risk warnings, and market context rather than simple price crosses. Key Features Summary Options-Specific Calculations - Proper handling of calls/puts with inverse relationships Risk-Based Position Sizing - Consistent risk regardless of underlying price Greeks Integration - Delta, Gamma, Vega, Theta for accurate tracking Phase Management System - Systematic three-stage position handling Advanced Alert System - Context-aware notifications with metrics TradeStation Integration - Option limit orders for execution Visual Risk Display - Clear chart overlays for all levels Probability Calculator - Win/loss probability with expected value Multi-Account Support - Scales from small to large accounts Important Notes This indicator requires manual input of option prices and Greeks (available from your broker's option chain). It functions as a risk management overlay and does not generate entry signals. The calculations assume standard options contracts of 100 shares. Designed for TradeStation platform with full functionality. Basic features available on other platforms without options data integration. Always verify calculations with your broker's risk system before placing trades.
Pine Script® göstergesi
patrickamp tarafından
EMA 200 Monitor - Bybit CoinsEMA 200 Monitor - Bybit Coins 📊 OVERVIEW The EMA 200 Monitor - Bybit Coins is an advanced indicator that automatically monitors 30 of the top cryptocurrencies traded on Bybit, alerting you when they are close to the 200-period Exponential Moving Average on the 4-hour timeframe. This indicator was developed especially for traders who use the EMA 200 as a key support/resistance level in their swing trading and position trading strategies. 🎯 WHAT IT'S FOR Multi-Asset Monitoring: Simultaneous monitoring of 30 cryptocurrencies without having to switch between charts Opportunity Identification: Detects when coins are approaching the 200 EMA, a crucial technical level Automated Alerts: Real-time notifications when a coin reaches the configured proximity Time Efficiency: Eliminates the need to manually check chart collections ⚙️ HOW IT WORKS Main Functionality The indicator uses the request.security() function to fetch price data and calculate the 200 EMA of each monitored asset. With each new bar, the script: Calculates the distance between the current price and the 200 EMA for each coin Identifies proximity based on the configured percentage (default: 2%) Displays results in a table organized on the chart Generates automatic alerts when proximity is detected Monitored Coins Major : BTC, ETH, BNB, ADA, XRP, SOL, DOT, DOGE, AVAX DeFi : UNI, LINK, ATOM, ICP, NEAR, OP, ARB, INJ Memecoins : SHIB, PEPE, WIF, BONK, FLOKI Emerging : SUI, TON, APT, POL (ex-MATIC) 📋 AVAILABLE SETTINGS Adjustable Parameters EMA Length (Default: 200): Exponential Moving Average Period Proximity Percentage (Default: 2%): Distance in percentage to consider "close" Show Table (Default: Active): Show/hide results table Table Position: Position of the table on the chart (9 options available) Color System 🔴 Red: Distance ≤ 1% (very close) 🟠 Orange: Distance ≤ 1.5% (close) 🟡 Yellow: Distance ≤ 2% (approaching) 🚀 HOW TO USE Initial Configuration Add the indicator to the 4-hour timeframe chart Set the parameters according to your strategy Position the table where there is no graphic preference Setting Alerts Click "Create Alert" in TradingView Select the "EMA 200 Monitor" indicator Set the notification frequency and method Activate the alert to receive automatic notifications Results Interpretation The table shows: Coin: Asset name (e.g. BTC, ETH) Price: Current currency quote EMA 200: Current value of the moving average Distance: Percentage of proximity to the core code 💡 STRATEGIES TO USE Reversal Trading Entry: When price touches or approaches the EMA 200 Stop: Below/above the EMA with a safety margin Target: Previous resistance/support levels Breakout Trading Monitoring: Watch for currencies consolidating near the EMA 200 Entry: When the media is finally broken Confirmation: Volume and close above/below the EMA Swing Trading Identification: Use the monitor to detect setups in formation Timing: Wait for the EMA 200 to approach for detailed analysis Management: Use the EMA as a reference for stops dynamics ⚠️ IMPORTANT CONSIDERATIONS Technical Limitations Request Bybit data: Access to exchange symbols required Specific timeframe: Optimized for 4-hour analysis Minimum delay: Data updated with each new bar Usage Recommendations Combine with technical analysis: Use together with other indicators Confirm the configuration: Check the graphic patterns before trading Manage risk: Always use stop loss and adequate position sizing Backtesting: Test your strategy before applying with real capital Disclaimer This indicator is a technical analysis tool and does not constitute investment advice. Always do your own analysis and manage detailed information about the risks of your operations. 🔧 TECHNICAL INFORMATION Pine Script version: v6 Type: Indicator (overlay=true) Compatibility: All TradingView plans Resources used: request.security(), arrays, tables Performance: Optimized for multiple simultaneous queries 📈 COMPETITIVE ADVANTAGES ✅ Simultaneous monitoring of 30 major assets ✅ Clear visual interface with intuitive core system ✅ Customizable alerts for different details ✅ Optimized code for maximum performance ✅ Flexible configuration adaptable to different strategies ✅ Real-time update without the need for manual refresh Developed for traders who value efficiency and accuracy in identifying market opportunities based on the EMA 20
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MestreDoFOMO tarafından
Advanced Volume Exhaustion & Absorption IndicatorNew Features: 1. Enhanced Exhaustion Settings Choice of MA types (SMA, EMA, WMA, VWMA) Adjustable ROC period and threshold Minimum bars between signals to avoid clustering Customizable price MA period 2. Advanced Absorption Settings Separate lookback period from exhaustion Option to use standard deviation or simple multiplier Adjustable minimum bars between signals Choice of MA types 3. Filtering Options Volume Filter: Only show signals above a certain volume percentile Trend Filter: Align signals with the overall trend Volatility Filter: Filter based on ATR to focus on significant moves 4. Display Customization Custom colors for all signal types Adjustable label sizes Background transparency control Optional info table showing current metrics 5. Alert Management Toggle alerts for each signal type Alert repeat delay to prevent spam Recommended Settings: For ES1! (S&P 500 E-mini): Volume Exhaustion: - Lookback Period: 30 - Volume Threshold: 0.35 - ROC Period: 5 - ROC Threshold: -25% - MA Type: EMA - Price MA Period: 8 - Min Bars Since Last: 8 Volume Absorption: - Lookback Period: 40 - Volume Multiplier: 2.5 - Price Tolerance: 0.15% - Use StdDev: Yes - StdDev Multiplier: 2.0 - Min Bars Since Last: 5 Filters: - Volume Filter: ON (Min Percentile: 30) - Trend Filter: OFF - Volatility Filter: ON (ATR Length: 14, Multiplier: 0.8) For NQ1! (Nasdaq 100 E-mini): Volume Exhaustion: - Lookback Period: 25 - Volume Threshold: 0.30 - ROC Period: 4 - ROC Threshold: -30% - MA Type: EMA - Price MA Period: 6 - Min Bars Since Last: 6 Volume Absorption: - Lookback Period: 35 - Volume Multiplier: 2.8 - Price Tolerance: 0.20% - Use StdDev: Yes - StdDev Multiplier: 2.2 - Min Bars Since Last: 4 Filters: - Volume Filter: ON (Min Percentile: 25) - Trend Filter: OFF - Volatility Filter: ON (ATR Length: 14, Multiplier: 1.0) Key Differences Between ES1! and NQ1! Settings: NQ1! is more volatile, so: Slightly shorter lookback periods Higher ROC thresholds (more negative) Higher absorption multipliers More tolerance for price movement ES1! is more stable, so: Longer lookback periods Tighter price tolerances More conservative multipliers Longer minimum bars between signals These settings are optimized for the 5-minute timeframe but can be adjusted for other timeframes by proportionally scaling the lookback periods.
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frinntintin tarafından
Sterke Trendwissel SignalenOverview The indicator combines three technical analysis tools to generate strong buy and sell signals: Moving Averages (MA): Short-term (9-period) and long-term (21-period) simple moving averages. Relative Strength Index (RSI): A 14-period RSI to measure overbought and oversold conditions. Volume: A volume multiplier (1.2x) compared to the average volume over 20 periods. Signals The indicator generates two types of signals: Strong Buy: When the short-term MA crosses above the long-term MA (bullish crossover), the relative volume is above the threshold (1.2x average), and the RSI is oversold (< 30). Strong Sell: When the short-term MA crosses below the long-term MA (bearish crossover), the relative volume is above the threshold (1.2x average), and the RSI is overbought (> 70). Visualizations The indicator plots: The short-term MA (blue line) The long-term MA (orange line) "STRONG BUY" labels (green) below the bar when a strong buy signal is generated "STRONG SELL" labels (red) above the bar when a strong sell signal is generated Alerts The indicator sets up alerts for strong buy and sell signals, which can be configured in TradingView's alert system. In summary, this indicator aims to identify strong trend changes by combining moving average crossovers, high volume, and RSI overbought/oversold conditions.
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Fiona_Dutch tarafından
Darren - Engulfing + MACD CrossDarren – Engulfing + MACD Cross Overall Behavior Identify an engulfing candle (bullish or bearish). Wait up to windowBars bars for the corresponding MACD crossover (bullish engulfing → MACD cross up; bearish engulfing → MACD cross down). If the crossover occurs within that window, trigger an entry (long or short) and close any opposite open trade. Inputs • macdFast (default 12): length of MACD fast EMA • macdSlow (default 26): length of MACD slow EMA • macdSignal (default 9): length of MACD signal line • windowBars (default 3): maximum bars allowed between an engulfing candle and a MACD crossover Indicators • macdLine and signalLine are calculated using ta.macd(close, macdFast, macdSlow, macdSignal) • macdHist = macdLine – signalLine, plotted as columns (green when ≥ 0, red when < 0) Engulfing Pattern Detection • Bullish engulfing (bullEngulfing) is true when the previous candle is bearish (close < open ), the current candle is bullish (close > open), and the current body fully engulfs the previous body (open < close and close > open ). • Bearish engulfing (bearEngulfing) is the inverse: previous candle bullish, current candle bearish, and current body fully engulfs the prior body. MACD Crossover Detection • macdCrossUp is true when macdLine crosses above signalLine. • macdCrossDown is true when macdLine crosses below signalLine. Timing Logic • barsSinceBull = ta.barssince(bullEngulfing) returns number of bars since the last bullish engulfing. • barsSinceBear = ta.barssince(bearEngulfing) returns number of bars since the last bearish engulfing. • longCondition occurs if a MACD cross up happens within windowBars bars of a bullish engulfing (barsSinceBull ≤ windowBars and macdCrossUp). • shortCondition occurs if a MACD cross down happens within windowBars bars of a bearish engulfing (barsSinceBear ≤ windowBars and macdCrossDown). Chart Markers • “Bull” label below bar whenever bullEngulfing is true. • “Bear” label above bar whenever bearEngulfing is true. • Small “Up” ▲ below bar when macdCrossUp is true. • Small “Down” ▼ above bar when macdCrossDown is true. • Triangle ▲ below bar for Long Entry (longCondition). • Triangle ▼ above bar for Short Entry (shortCondition). Entry & Exit Rules • On longCondition: enter “Long”, and close any existing “Short” position. • On shortCondition: enter “Short”, and close any existing “Long” position.
Pine Script® stratejisi
OEM_redartgnidoc tarafından
Options Betting Range - FixedOptions Betting Range Options Betting Range is a powerful TradingView indicator designed to streamline options trading by visualizing high-probability price ranges for key symbols. With automated trendlines and clear labels, it empowers traders to make precise, data-driven decisions based on customizable prediction and execution dates. ## Key Features Broad S&P 500 Coverage: Supports most S&P 500 stock symbols, excluding those with insufficient options volume for reliable data, alongside major ETFs and indices like SPY, IWM, QQQ, DIA, TLT, ^GSPC, ^IXIC, ^RUT, ^NDX, and ^SOX. Automated Trendlines: Plots dashed and solid trendlines to mark high/low price boundaries, triggered only on specified prediction dates for clean, uncluttered charts. Customizable Inputs: Configure prediction and execution dates to align with your trading strategy. Clear Visuals: Color-coded labels (green for highs, purple for lows) display price ranges and percentage spreads for rapid decision-making. Single-Execution Logic: Draws trendlines once per prediction date, ensuring chart clarity and efficiency. ## How It Works Based on the latest daily open interest data, the indicator calculates swing ranges for different strike dates, drawing trendlines and labels to visualize potential price boundaries for options trading. ## Why Use It? Streamlined Analysis: Automates range visualization, saving time and reducing manual charting. Strategic Clarity: Objective price levels minimize emotional bias and enhance trade planning. Versatile Application: Ideal for day traders, swing traders, and options strategists across multiple markets. ## Tips for Best Use Regular Updates: To maintain the accuracy of options betting ranges, periodically update the indicator. On the view page, hover over the indicator name and click the blue whirlwind icon to complete the update. ## Get Started Add Options Betting Range to your TradingView chart, select a supported symbol, and customize your prediction/execution dates. Leverage the visualized price ranges to execute precise options trading strategies with confidence.
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dragonjia tarafından
Candle Setup🧠 This indicator is based on a strategy concept by Arshia from the LEEMEENAL group. The SMA Shadow Strategy is a visual candlestick-based setup designed to identify potential reversal points by analyzing the relationship between the candle's shadows (wicks) and a Simple Moving Average (SMA). 📊 How It Works This strategy focuses on candles with significant upper or lower shadows relative to their body size, suggesting potential rejection zones. The conditions are split between red (bearish) and green (bullish) candles: 🔴 Red Candle Setup: The SMA line is inside or slightly above the upper shadow. The upper shadow is significantly larger than the body (customizable ratio). The lower shadow is smaller than the body. These conditions hint at strong rejection from above, often signaling a potential short opportunity or resistance confirmation. 🟢 Green Candle Setup: The SMA line is inside or slightly below the lower shadow. The lower shadow is significantly larger than the body (customizable ratio). The upper shadow is smaller than the body. This setup suggests a price rejection from below, indicating a potential long opportunity or support confirmation. ⚙️ Customizable Conditions Users can enable or disable each of the setup rules independently for both red and green candles: Enable SMA shadow alignment. Adjust the shadow-to-body ratio separately for red and green candles. Toggle shadow logic (e.g., lower/upper shadows relative to body). 🛎 Alerts Alerts are included for both red and green signal conditions, making it easier to integrate into automated workflows or notification systems. If you found this indicator helpful, feel free to share or give credit to Arshia - LEEMEENAL Group. 🙏
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YasinAbbasiiii tarafından
Buysell Martingale Signal - CustomBuysell Martingale Signal - Custom Indicator Introduction: This indicator provides a dynamic buy and sell signal system incorporating an adaptive Martingale logic. Built upon the signalLib_yashgode9/2 library, it is designed for use across various markets and timeframes. Key Features: Primary Buy & Sell Signals: Identifies initial buy and sell opportunities based on directional changes derived from the signalLib. Martingale Signals: For Short (Sell) Positions: A Martingale Sell signal is triggered when the price moves against the existing short position by a specified stepPercent from the last entry price, indicating a potential opportunity to average down or increase position size. For Long (Buy) Positions: Similarly, a Martingale Buy signal is triggered when the price moves against the existing long position by a stepPercent from the last entry price. On-Chart Labels: Displays clear, customizable labels on the chart for primary Buy, Sell, Martingale Buy, and Martingale Sell signals. Customizable Colors: Allows users to set distinct colors for primary signals and Martingale signals for better visual distinction. Adjustable Sensitivity: Features configurable parameters (DEPTH_ENGINE, DEVIATION_ENGINE, BACKSTEP_ENGINE) to fine-tune the sensitivity of the underlying signal generation. Webhook Support (Static Message Alerts): This indicator provides alerts with static messages for both primary and Martingale buy/sell signals. These alerts can be leveraged for automation by external systems (such as trading bots or exchange-provided Webhook Signal Trading services). Important Note: When using these alerts for automation, an external system is required to handle the complex Martingale logic and position management (e.g., tracking steps, PnL calculation, hedging, dynamic quantity sizing), as this indicator solely focuses on signal generation and sending predefined messages. How to Use: Add the indicator to your desired chart. Adjust the input parameters in the indicator's settings to match your specific trading symbol and timeframe. For automation, you can set up TradingView alerts for the Buy Signal (Main/Martingale) and Sell Signal (Main/Martingale) conditions, pointing them to your preferred Webhook URL. Configurable Parameters: DEPTH_ENGINE: (e.g., 30) Controls the depth of analysis for the signal algorithm. DEVIATION_ENGINE: (e.g., 5) Defines the allowable deviation for signal generation. BACKSTEP_ENGINE: (e.g., 5) Specifies the number of historical bars to look back. Martingale Step Percent: (e.g., 0.5) The percentage price movement against the current position that triggers a Martingale signal. Labels Transparency: Adjusts the transparency of the on-chart signal labels. Buy-Color / Sell-Color: Sets the color for primary Buy and Sell signal labels. Martingale Buy-Color / Martingale Sell-Color: Sets the color for Martingale Buy and Sell signal labels. Label size: Controls the visual size of the labels. Label Offset: Adjusts the vertical offset of the labels from the candlesticks. Risk Warning: Financial trading inherently carries significant risk. Martingale strategies are particularly high-risk and can lead to substantial losses or even complete liquidation of capital if the market moves strongly and persistently against your position. Always backtest thoroughly and practice with a demo account, fully understanding the associated risks, before engaging with real capital.
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NADER_CY tarafından
4
Shooting Star ORB🧠 Indicator Name: "First Candle Shooting Star + ORB" 📌 Purpose This indicator detects when the first candle of the day forms a Shooting Star pattern and then monitors for a breakout beyond its range. It visually marks the pattern and the breakout with boxes and provides real-time alerts and a status table. 🔍 What It Does Step-by-Step 1. 📅 Detects the Start of a New Trading Day Uses ta.change(time("D")) to identify a new trading day. When a new day starts, it checks if the very first candle of the session is a Shooting Star. 2. 🕯️ Identifies a Shooting Star Pattern A candle is labeled a Shooting Star if: It has a small body compared to the full candle range. It has a long upper shadow at least 2× the body. It has a short or tiny lower shadow. All these criteria are adjustable through inputs. 3. 📦 Draws a Box for the First Candle Range If a Shooting Star is found in the first candle of the day: It draws a red shaded box covering the high and low of that candle. The box visually marks the potential Opening Range. 4. 💥 Detects Breakout from Shooting Star Candle After the first candle: If price moves above or below the range by a specified % (like 1%), it flags a breakout. A blue shaded box is drawn at the breakout candle for visual confirmation. 5. 🔔 Alerts 🔴 Shooting Star Detected: Alerts when the first candle is a shooting star. 🔵 Breakout Detected: Alerts when the price breaks out of the first candle’s range. 6. 📊 Displays Real-Time Info Table A small table is shown on the chart: 🕯️ Pattern: “Shooting Star” or blank 💥 Breakout: “Yes” or “No” ⏱️ The timeframe being analyzed (e.g., “5” for 5-minute)
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spiritedtez tarafından