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Candlestick analysis

Trend River Pullback (Avramis-style) v1//@version=5 strategy("Trend River Pullback (Avramis-style) v1", overlay=true, initial_capital=10000, commission_type=strategy.commission.percent, commission_value=0.02, pyramiding=0, calc_on_order_fills=true, calc_on_every_tick=true, margin_long=1, margin_short=1) // ===== Inputs // EMA "река" emaFastLen = input.int(8, "EMA1 (быстрая)") ema2Len = input.int(13, "EMA2") emaMidLen = input.int(21, "EMA3 (средняя)") ema4Len = input.int(34, "EMA4") emaSlowLen = input.int(55, "EMA5 (медленная)") // Откат и импульс rsiLen = input.int(14, "RSI длина") rsiOB = input.int(60, "RSI порог тренда (лонг)") rsiOS = input.int(40, "RSI порог тренда (шорт)") pullbackPct = input.float(40.0, "Глубина отката в % ширины реки", minval=0, maxval=100) // Риск-менеджмент riskPct = input.float(1.0, "Риск на сделку, % от капитала", step=0.1, minval=0.1) atrLen = input.int(14, "ATR длина (стоп/трейлинг)") atrMultSL = input.float(2.0, "ATR множитель для стопа", step=0.1) tpRR = input.float(2.0, "Тейк-профит R-множитель", step=0.1) // Трейлинг-стоп useTrail = input.bool(true, "Включить трейлинг-стоп (Chandelier)") trailMult = input.float(3.0, "ATR множитель трейлинга", step=0.1) // Торговые часы (по времени биржи TradingView символа) useSession = input.bool(false, "Ограничить торговые часы") sessInput = input.session("0900-1800", "Сессия (локальная для биржи)") // ===== Calculations ema1 = ta.ema(close, emaFastLen) ema2 = ta.ema(close, ema2Len) ema3 = ta.ema(close, emaMidLen) ema4 = ta.ema(close, ema4Len) ema5 = ta.ema(close, emaSlowLen) // "Река": верх/низ как конверт по средним riverTop = math.max(math.max(ema1, ema2), math.max(ema3, math.max(ema4, ema5))) riverBot = math.min(math.min(ema1, ema2), math.min(ema3, math.min(ema4, ema5))) riverMid = (riverTop + riverBot) / 2.0 riverWidth = riverTop - riverBot // Трендовые условия: выстроенность EMAs bullAligned = ema1 > ema2 and ema2 > ema3 and ema3 > ema4 and ema4 > ema5 bearAligned = ema1 < ema2 and ema2 < ema3 and ema3 < ema4 and ema4 < ema5 // Импульс rsi = ta.rsi(close, rsiLen) // Откат внутрь "реки" pullbackLevelBull = riverTop - riverWidth * (pullbackPct/100.0) // чем больше %, тем глубже внутрь pullbackLevelBear = riverBot + riverWidth * (pullbackPct/100.0) pullbackOkBull = bullAligned and rsi >= rsiOB and low <= pullbackLevelBull pullbackOkBear = bearAligned and rsi <= rsiOS and high >= pullbackLevelBear // Триггер входа: возврат в импульс (пересечение быстрой EMA) longTrig = pullbackOkBull and ta.crossover(close, ema1) shortTrig = pullbackOkBear and ta.crossunder(close, ema1) // Сессия inSession = useSession ? time(timeframe.period, sessInput) : true // ATR для стопов atr = ta.atr(atrLen) // ===== Position sizing по риску // Расчет размера позиции: риск% от капитала / (стоп в деньгах) capital = strategy.equity riskMoney = capital * (riskPct/100.0) // Предварительные уровни стопов longSL = close - atrMultSL * atr shortSL = close + atrMultSL * atr // Цена тика и размер — приблизительно через syminfo.pointvalue (может отличаться на разных рынках) tickValue = syminfo.pointvalue // Избежать деления на 0 slDistLong = math.max(close - longSL, syminfo.mintick) slDistShort = math.max(shortSL - close, syminfo.mintick) // Кол-во контрактов/лотов qtyLong = riskMoney / (slDistLong * tickValue) qtyShort = riskMoney / (slDistShort * tickValue) // Ограничение: не меньше 0 qtyLong := math.max(qtyLong, 0) qtyShort := math.max(qtyShort, 0) // ===== Entries if inSession and longTrig and strategy.position_size <= 0 strategy.entry("Long", strategy.long, qty=qtyLong) if inSession and shortTrig and strategy.position_size >= 0 strategy.entry("Short", strategy.short, qty=qtyShort) // ===== Exits: фиксированный TP по R и стоп // Храним цену входа var float entryPrice = na if strategy.position_size != 0 and na(entryPrice) entryPrice := strategy.position_avg_price if strategy.position_size == 0 entryPrice := na // Цели longTP = na(entryPrice) ? na : entryPrice + tpRR * (entryPrice - longSL) shortTP = na(entryPrice) ? na : entryPrice - tpRR * (shortSL - entryPrice) // Трейлинг: Chandelier trailLong = close - trailMult * atr trailShort = close + trailMult * atr // Итоговые уровни выхода useTrailLong = useTrail and strategy.position_size > 0 useTrailShort = useTrail and strategy.position_size < 0 // Для лонга if strategy.position_size > 0 stopL = math.max(longSL, na) // базовый стоп tStop = useTrailLong ? trailLong : longSL // Выход по стопу/трейлу и ТП strategy.exit("L-Exit", from_entry="Long", stop=tStop, limit=longTP) // Для шорта if strategy.position_size < 0 stopS = math.min(shortSL, na) tStopS = useTrailShort ? trailShort : shortSL strategy.exit("S-Exit", from_entry="Short", stop=tStopS, limit=shortTP) // ===== Visuals plot(ema1, "EMA1", display=display.all, linewidth=1) plot(ema2, "EMA2", display=display.all, linewidth=1) plot(ema3, "EMA3", display=display.all, linewidth=2) plot(ema4, "EMA4", display=display.all, linewidth=1) plot(ema5, "EMA5", display=display.all, linewidth=1) plot(riverTop, "River Top", style=plot.style_linebr, linewidth=1) plot(riverBot, "River Bot", style=plot.style_linebr, linewidth=1) fill(plot1=plot(riverTop, display=display.none), plot2=plot(riverBot, display=display.none), title="River Fill", transp=80) plot(longTP, "Long TP", style=plot.style_linebr) plot(shortTP, "Short TP", style=plot.style_linebr) plot(useTrailLong ? trailLong : na, "Trail Long", style=plot.style_linebr) plot(useTrailShort ? trailShort : na, "Trail Short", style=plot.style_linebr) // Маркеры сигналов plotshape(longTrig, title="Long Trigger", style=shape.triangleup, location=location.belowbar, size=size.tiny, text="L") plotshape(shortTrig, title="Short Trigger", style=shape.triangledown, location=location.abovebar, size=size.tiny, text="S") // ===== Alerts alertcondition(longTrig, title="Long Signal", message="Long signal: trend aligned + pullback + momentum") alertcondition(shortTrig, title="Short Signal", message="Short signal: trend aligned + pullback + momentum")
Pine Script® stratejisi
akhmedovadurdona1 tarafından
DubleB_basic.verTitle: Final Combo: Bollinger Bands + 5 SMAs + Cross Signals + Dual Pierce + Hammer Alerts Description: This indicator combines multiple technical tools into one comprehensive package: Bollinger Bands: • BB (Length 4, StdDev 4, source: Open, no midline) • BB (Length 20, StdDev 2, source: Close, with SMA midline) Moving Averages (5 lines): • SMA 5, 20, 60, 120, 240 • Each line has customizable color, style, and visibility toggle Cross Signals: • 5/20, 60/120, 60/240, 120/240 crossovers • Plot markers with customizable style and colors • Alerts triggered instantly when the cross forms Dual Bollinger Pierce: • Signals when a candle pierces both the 4,4 and 20,2 Bollinger Bands simultaneously • Alerts notify as “Double BB” event Candlestick Patterns: • Hammer and Inverted Hammer detection (with relaxed conditions) • Signals only confirmed at bar close • Alerts notify as “Hammer detected” or “Inverted Hammer detected” Alerts: • All signals (crosses, double BB pierce, hammers) come with built-in alertcondition() • Alert messages include symbol name and timeframe automatically How to Use: Add the indicator to your chart Configure moving averages, colors, and marker styles as needed Set alerts directly from the chart using “Add Alert” → select the conditions you want Ideal for traders who need combined volatility, trend, and candlestick reversal signals in one tool
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badljh123 tarafından
Worstfx Fractal Sessions V1.0Worstfx Sessions V.1.0 (Eastern Timezone) A simple but powerful session visualizer designed to keep your focus on the right market windows. This indicator is designed to outline major Forex/Futures market sessions. It is built for traders who want visual clarity on sessions & important market structure zones. ✅ Features: • Automatic shading of Asia, London, Pre-NY, and NY sessions. • Centered session titles that adapt to each window. • 6:00 pm ET day divider (new trading day) with vertical weekday labels. • Lightweight design — no extra clutter, just structure. ⚙️Customization • Session colors & opacity: change each session’s look. • Titles: toggle on/off, adjust color and font size. • Dividers: toggle day divider on/off, change line color, choose weekday label color/size 🦾 Strengths • Forces traders to see the market in cycles instead of random candles. • Makes fractal rhythm (Asia → London → NY) visual. • Great for building timing & patience (when not to trade matters just as much). 🚧 Limitations: • Traders still need skill in reading price action inside the sessions — the indicator frames the market, but doesn't "predict." - Score: 9/10 - Extremely useful, especially for people who get lost in noise. It gives them a map. Stay tuned for updates!
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Theworst_fx tarafından
bygokcebey crt 1-5-9This script is designed to help you effortlessly track the 1 AM, 5 AM, and 9 AM timeframes, and monitor these levels across lower timeframes as well. It allows you to easily identify key price levels, such as the lowest, highest, and mid points during these crucial times, giving you a clear visual guide for trading decisions. Key Features: Defined Timeframes: The script specifically highlights the 1 AM, 5 AM, and 9 AM timeframes by drawing lines (representing the low, high, and mid levels) and adding labels (CRT Low, CRT High, and 50%) at these critical times. Visibility of Time Levels: These key levels will appear only during the specified timeframes, ensuring a clean chart with relevant data at key moments. Tracking in Lower Timeframes: These levels can also be followed in lower timeframes (e.g., 4-hour charts), allowing traders to monitor the important price levels continuously as they evolve. Indicator Features: The "bygokcebey crt 1-5-9" indicator will plot lines and labels only during the 1 AM, 5 AM, and 9 AM timeframes. These levels can be tracked across lower timeframes, offering continuous reference points for your trades. The lines and labels serve as visual markers, helping you track significant price points and providing a reliable guide to refine your trading strategy. If you'd like to add more features or make any adjustments, feel free to let me know how I can assist further!
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by_gokcebey tarafından
Valid H/LsOverview Advanced breakout indicator that identifies valid high and low levels with statistical performance analytics. Features confirmation systems, visual customization, and historical MFE/MAE analysis to help traders identify high-probability setups. Key Features 📈 Smart Breakout Detection Automatically identifies confirmed valid high/low breakout levels Shows potential setups before confirmation with different styling Filters setups using institutional order flow (I/O) signals 🎯 Visual Display Dynamic Lines: Full extension or shrinking previous lines for cleaner charts Color Coding: Customizable colors for highs (red) and lows (green) Confirmation Candles: Highlights breakout confirmation with custom colors Background Boxes: Optional zone highlighting around valid levels 📊 MFE/MAE Analytics Multi-Timeframe: 1-hour and 3-hour performance analysis Historical Data: Analyzes 10-500 past setups for profit/risk statistics Profit Targets: MFE lines show typical profit potential Risk Levels: MAE lines indicate common drawdown zones How to Use Green = Bullish: Valid low breakout levels Red = Bearish: Valid high breakout levels Solid Lines: Confirmed setups ready for trading Dashed Lines: Potential setups awaiting confirmation Use Analytics: MFE for profit targets, MAE for stop loss placement Key Settings Show Valid Highs/Lows: Toggle breakout level display Only Show with I/O Prints: Filter for institutional signals only Line Display Mode: Choose full extension or shrinking lines Show MFE/MAE Analytics: Enable statistical overlays Analytics Lookback: Set number of historical setups to analyze (10-500) Timeframe Options: Toggle 1-hour and 3-hour analytics Best Practices Wait for solid line confirmation before entries Use MFE analytics for realistic profit targets Use MAE analytics for appropriate stop losses Combine multiple timeframe analytics for better context Always apply proper risk management Technical Notes Works on all timeframes and markets No repainting once confirmed Analytics update dynamically with new data Optimized for breakout trading strategies
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PacTRADES tarafından
Multi-Timeframe HTS Retest Strategy v6Multi-Timeframe HTS Retest Strategy v6 is a trend-following tool designed to detect high-probability retest entries aligned with higher timeframe direction. The indicator applies HTS bands (short & long) on both the current and higher timeframe (4x–8x multiplier) to confirm market bias. A strong trend is validated when HTS bands separate on the higher timeframe. On the lower timeframe, the strategy tracks price behavior relative to the bands: after breaking outside, price must retest either the fast (blue) or slow (red) band, confirmed by a rejection candle. This generates precise BUY or SELL retest signals. Features include flexible average methods (RMA, EMA, SMA, etc.), customizable cross detection (final cross, 4 crosses, or both), volume-based retest conditions, and clear visual signals (dots for trend start, triangles for retests). Alerts are integrated for automation. This strategy is suitable for forex, crypto, indices, and stocks, supporting both scalping and swing trading.
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Eco_Leader tarafından
RB — Rejection Blocks (Price Structure)This indicator detects and visualizes Rejection Blocks (RBs) using pure price action logic. A bullish RB occurs when a down candle forms a lower low than both its neighbors. A bearish RB occurs when an up candle forms a higher high than both its neighbors. Validated RBs are displayed as boxes, optional lines, or labels. Blocks are automatically removed when invalidated (price closes through them), keeping the chart uncluttered and focused. How to use • Apply on any timeframe, from intraday to higher timeframes. • Watch how price reacts when revisiting RB zones. • Treat these zones as contextual areas, not entry signals. • Combine with your own trading methods for confirmation. Originality Unlike generic support/resistance tools, this indicator isolates a specific structural pattern (rejection blocks) and renders it visually on the chart. This selective focus allows traders to study structural reactions with more clarity and precision. ⚠️ Disclaimer: This is not a trading system or a signal provider. It is a visual analysis tool designed for structural and educational purposes.
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theunlockedtrading tarafından
3
Stacey Burke Signal Day LTE“Previously published as ‘Day Zero Fakeout Detector MTF’” Stacey Burke Signal Day LTE Automatic detection of Day Zero, Inside Days, and Outside Days for Stacey Burke’s intraday playbook 🔎 Stacey Burke’s Signal Days This indicator highlights the key daily patterns that often lead to high-probability intraday setups in Stacey Burke’s methodology: 1️⃣ Day Zero The reset days within a 3-day cycle (e.g. breakout → continuation → exhaustion/reversal). Can mark the beginning of a new directional phase. Trades back inside the prior range after a Peak Formation High (PFH) or Peak Formation Low (PFL). Bias: Look for measured parabolic session moves. When combined with trend following indicators, these signal days can be very powerful. 2️⃣ Inside Day A day where the entire range is contained within the prior day’s range. Signals consolidation and energy build-up. Often leads to explosive breakouts in the next session. Bias: Trade breakouts of the inside day’s high/low or breakout reversal in the session at key timings in the direction of higher timeframe bias. When combined with trend following indicators, these signal days can be very powerful. 3️⃣ Outside Day (Engulfing Day) ` A day where the range is larger than the prior day’s range, engulfing both high and low. Marks trapped traders and fakeouts on both sides. Often precedes strong continuations or sharp reversals from outside of the ranges. Bias: Align trades with the true continuation move. When combined with trend following indicators, these signal days can be very powerful. 📌 How They Work Together Day Zero → Signals the new cycle after PFH/PFL. Inside Day → Signals compression → expect breakout setups. Outside Day → Signals exhaustion/fakeouts → expect reversals or continuations. Together, they give traders a clear daily roadmap for where liquidity sits and when to expect the highest-probability setups. ✅ Example in Practice Market rallies for 3 days → PFH forms → Day Zero short bias. Next day prints an Inside Day → watch for breakout continuation short, and breakout reversals. Later, an Outside Day traps both longs and shorts → the following session offers a clean intraday reversal or continuation trade in line with the underlying MTF trend/bias. ⚙️ Features of This Indicator Automatic detection of Day Zero, Inside Days, and Outside Days Multi-Timeframe (MTF) support for cycle alignment Visual markers for PFH/PFL and consolidation zones Measured move projections for breakout targets 👉 Stacey Burke Signal Day LTE gives traders just a few of the most important signal days — Day Zero, Inside Day, and Outside Day — to structure their intraday trades around fake outs, breakouts, and reversals within the daily cycles of the week. (This is work in progress: Next up, FRD/FGD's, 3-day cycle detecting, 3DLs, 3DSs).
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Ross-J-Burland tarafından
Trend Score with Dynamic Stop Loss HTF How the Trend Score System Works This indicator uses a Trend Score (TS) to measure price momentum over time. It tracks whether price is breaking higher or lower, then sums these moves into a cumulative score to define trend direction. ⸻ 1. Trend Score (+1 / -1 Mechanism) On each new bar: • +1 point: if the current bar breaks the previous bar’s high. • −1 point: if the current bar breaks the previous bar’s low. • If both happen in the same bar, they cancel each other out. • If neither happens, the score does not change. This creates a simple running measure of bullish vs bearish pressure. ⸻ 2. Cumulative Trend Score The Trend Score is cumulative, meaning each new +1 or -1 is added to the total score, building a continuous count. • Rising scores = buyers are consistently pushing price to higher highs. • Falling scores = sellers are consistently pushing price to lower lows. This smooths out noise and helps identify persistent momentum rather than single-bar spikes. ⸻ 3. Trend Flip Trigger (default = 3) A trend flip occurs when the cumulative Trend Score changes by 3 points (default setting) in the opposite direction of the current trend. • Bullish Flip: • Cumulative TS rises 3 points from its most recent low pivot. • Marks a potential start of a new uptrend. • A bullish stop-loss (SL) is set at the most recent swing low. • Bearish Flip: • Cumulative TS falls 3 points from its most recent high pivot. • Marks a potential start of a new downtrend. • A bearish SL is set at the most recent swing high. Example: • TS is at -2, then climbs to +1. • That’s a +3 change, triggering a bullish flip. ⸻ 4. Visual Summary • Green background: Active bullish trend. • Red background: Active bearish trend. • ▲ Triangle Up: A bullish flip occurred this bar. • Stop Loss Line: Shows the structural low used for risk management. ⸻ Why This Matters The Trend Score measures trend pressure simply and objectively: • +1 / -1 mechanics track real price behavior (breakouts of highs and lows). • Cumulative changes of 3 points act like a momentum filter, ignoring small reversals. • This helps you see true regime shifts on higher timeframes, which is especially useful for swing trades and investing decisions. ⸻ Key Takeaways • Only flips after meaningful swings: prevents overreacting to single-bar noise. • SL shows invalidation point: helps you know where a trend thesis fails. • Works best on Daily or Weekly charts: for smoother, more reliable signals. Using Trend Score for Long-Term Investing This indicator is designed to support decision-making for higher timeframe investing, such as swing trades, multi-month positions, or even multi-year holds. It helps you: • Identify major bullish regimes. • Decide when to add to winning positions (DCA up). • Know when to pause buying or consider trimming during weak periods. • Stay disciplined while holding long-term winners. Important Note: These are suggestions for context. Always combine them with your own analysis, portfolio allocation rules, and risk tolerance. ⸻ 1. Start With the Higher Timeframe • Use Weekly charts for a broad investing view. • Use Daily charts only for fine-tuning entry points or deciding when to add. • A Bullish Flip on Weekly suggests the market may be entering a major uptrend. • If Weekly is bullish and Daily also turns bullish, it’s extra confirmation of strength. ⸻ 2. Building a Position with DCA Goal: Grow your position gradually during strong bullish regimes while staying aware of risk. A. Initial Buy • Start with a small initial allocation when a Bullish Flip appears on Weekly or Daily. • This is just a starter position to get exposure while the new trend develops. B. Adding Through Strength (DCA Up) • Consider adding during pullbacks, as long as price stays above the active SL line. • Each add should be smaller or equal to your first buy. • Spread out adds over time or price levels, instead of going all-in at once. C. Pause Buying When: • Price approaches or touches the SL level (trend invalidation). • A Bearish Flip appears on Weekly or Daily — this signals potential weakness. • Your total position size reaches your maximum allocation limit for that asset. ⸻ 3. Holding Winners When a position grows in profit: • Stay in the trend as long as the Weekly regime remains bullish. • The indicator’s green background acts as a reminder to hold, not panic sell. • Use the SL bubble to monitor where the trend could potentially break. • Avoid selling just because of small pullbacks — focus on big-picture trend health. ⸻ 4. Taking Partial Profits While this tool is designed to help hold long-term winners, there may be times to lighten risk: • After large, rapid moves far above the SL, consider trimming a small portion of your position. • When MFE (Maximum Favorable Excursion) in the table reaches unusually high levels, it may signal overextension. • If the Weekly chart turns Neutral or Bearish, you can gradually reduce exposure while waiting for the next Bullish Flip. ⸻ 5. Using the Stop Loss Line for Awareness The Dynamic SL line represents a structural level that, if broken, may suggest the bullish trend is weakening. How to think about it: • Above SL: Market remains structurally healthy — continue holding or adding gradually. • Close to SL: Pause adds. Be cautious and consider tightening your risk. • Below SL: Treat this as a potential signal to reassess your position, especially if the break is confirmed on Weekly. The SL is not a hard stop — it’s a visual guide to help you manage expectations. ⸻ 6. Example Use Case Imagine you are investing in a growth stock: • Weekly Bullish Flip: You open a small starter position. • Price pulls back slightly but stays above SL: You add a second, smaller tranche. • Trend continues up for months: You hold and stop adding once your desired allocation is reached. • Price doubles: You trim 10–20% to lock some profits, but continue holding the majority. • Price later dips below SL: You slow down, reassess, and decide whether to reduce exposure. This keeps you: • Participating in major uptrends. • Avoiding overcommitment during weak phases. • Making adjustments gradually, not emotionally. ⸻ 7. Suggested Workflow 1. Check Weekly chart → is it Bullish? 2. If yes, review Daily chart to fine-tune entry or adds. 3. Build exposure gradually while Weekly remains bullish. 4. Watch SL bubbles as awareness points for risk management. 5. Use partial trims during big rallies, but avoid exiting entirely too soon. 6. Reassess if Weekly turns Neutral or Bearish. ⸻ Key Takeaways • Use this as a compass, not a command system. • Weekly flips = big picture direction. • Daily flips = timing and precision. • Add gradually (DCA) while above SL, pause near SL, reassess below SL. • Hold winners as long as Weekly remains bullish.
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DeLeBlanc tarafından
Artharjan Intraday Trading ZonesArtharjan Intraday Trading Zones (AITZ) Overview The AITZ indicator is designed to visually mark intraday trading zones on a chart by using the current day’s High (DH) and Low (DL) as reference points. It creates three distinct market zones: Bullish Zone: Near the daily high, suggesting strength. Bearish Zone: Near the daily low, suggesting weakness. Neutral / No-Trade Zone: Between the bullish and bearish thresholds, where price movement is less directional. These zones are highlighted with color-fills for quick visual identification, and the indicator automatically resets at the start of each new trading day. Key Features Daily Reference Levels: Automatically fetches Day High, Day Low, and uses them to calculate intraday zones. Configurable Zone Depth: Traders can set the percentage distance from High/Low to define bullish and bearish zones. Conditional Zone Coloring: Option to highlight zones only when price is actively trading inside them. Dynamic Updates: Zone coloring adjusts in real time as the day progresses. Customizable Appearance: Line thickness and zone colors can be adjusted to match chart preferences. Inputs Parameter Type Default Description Level Thickness Integer 1 Thickness of all plotted levels (1–10). (DH-DL)% below Day High Float 25 Distance from daily high (as % of DH–DL range) to define bullish threshold. (DH-DL)% above Day Low Float 25 Distance from daily low (as % of DH–DL range) to define bearish threshold. Plot Zone Colors (Conditional)? Boolean true If enabled, zones are colored only when price trades inside them. Otherwise, they remain visible regardless of price position. Bullish Zone Color Color Teal (90% transparent) Fill color for bullish zone. Neutral Zone Color Color Blue (90% transparent) Fill color for neutral/no-trade zone. Bearish Zone Color Color Maroon (90% transparent) Fill color for bearish zone. Core Calculations Zones: Bullish Zone = between DH and LTL Bearish Zone = between DL and STL Neutral Zone = between LTL and STL Reset Behavior: At the start of each new daily session, old lines are deleted and fresh ones are drawn. Usage Example A trader sets: (DH–DL)% below High = 20% (DH–DL)% above Low = 20% If today’s DH = 1000 and DL = 900 (Range = 100): Bullish threshold = 1000 – (100 × 20%) = 980 Bearish threshold = 900 + (100 × 20%) = 920 Zones: Bullish Zone: 980 → 1000 Neutral Zone: 920 → 980 Bearish Zone: 900 → 920 This creates clear trade zones for scalpers or intraday directional traders. Practical Application Trend Confirmation: If price sustains in the bullish zone, bias stays long. Weakness Detection: Price falling into the bearish zone signals short opportunities. Neutral Play: Avoid trades or expect sideways action inside the neutral zone. Limitations Works on instruments with clear daily highs/lows (equities, futures, FX). May repaint levels intraday until the daily high/low is confirmed. Zones depend on daily volatility—very narrow ranges may cause zones to overlap.
Pine Script® göstergesi
rsdesai005 tarafından
Trend Score with Dynamic Stop Loss RTH 📘 Trend Score with Dynamic Stop Loss (RTH) — Guide 🔎 Overview This indicator tracks intraday momentum during Regular Trading Hours and flags trend flips using a cumulative TrendScore. It also draws dynamic stop-loss levels and shows a live stats table for quick decision-making and journaling. ⸻ ⚙️ Core Concepts 1) TrendScore (per bar) • +1 if the current bar makes a higher high than the previous bar (counted once per bar). • –1 if the current bar makes a lower low than the previous bar (counted once per bar). • If a bar takes both the prior high and low, the net contribution can cancel out within that bar. 2) Cumulative TrendScore (running total) • The per-bar TrendScore accumulates across the session to form the cumulative TrendScore (TS). • TS resets to 0 at session open and is cleared at session close. • Rising TS = persistent upside pressure; falling TS = persistent downside pressure. ⸻ 🔄 Flip Rules (3-point reversal of the cumulative TrendScore) A flip occurs when the cumulative TrendScore reverses by 3 points in the opposite direction of the current trend. • Bullish Flip • Trigger: After a decline, the cumulative TrendScore rises by +3 from its down-leg. • Interpretation: Bulls have taken control. • Stop-loss: the lowest price of the prior (down) leg. • Bearish Flip • Trigger: After a rise, the cumulative TrendScore falls by –3 from its up-leg. • Interpretation: Bears have taken control. • Stop-loss: the highest price of the prior (up) leg. Flip bars are marked with ▲ (lime) for bullish and ▼ (red) for bearish. Note: If you prefer a different reversal distance, adjust the flip distance setting in the script’s inputs (default is 3). ⸻ 📏 Stop-Loss Lines • A dotted line is drawn at the prior leg’s extreme: Green (below price) after a bullish flip. Red (above price) after a bearish flip. • Options: Remove on touch for a clean chart. Freeze on touch to keep a visual record for journaling. • All stop lines are cleared at session end. ⸻ 🧮 Stats Table (what you see) • Trend: Bull / Bear / Neutral • Bars in Trend: Count since the flip bar • Since Flip: Current close minus flip bar close • Since SL: Current close minus active stop level • MFE-Maximum Favorable Excursion: Highest favorable move since flip • MAE-Maximum Adverse Excursion: Largest adverse move since flip Table colors reflect the current trend (green for bull, red for bear). ⸻ 📊 Trading Playbook Entries • Aggressive: Enter immediately on a flip marker. • Conservative: Wait for a small pullback that doesn’t violate the stop. Stops • Place the stop at the script’s flip stop-loss line (the prior leg extreme). Exits Choose one style and stick with it: • Stop-only: Exit when the stop is hit. • Time-based: Flatten at session close. • Targets: Scale/close at 1R, 2R. • Trailing: Trail behind minor swings once MFE > 1R. Ultimately Exit choice is your own edge, so you must decide for yourself. 💡 Best Practices • Skip the first few bars after the open (gap noise). • Use regular candles (Heikin-Ashi will distort highs/lows). • If you want fewer flips, increase the flip distance (e.g., 4 or 5). For more responsiveness, use 2. Otherwise, increase your time frame to 5m, 10m, 15m. • Keep SL lines frozen (not auto-removed) if you’re journaling.
Pine Script® göstergesi
DeLeBlanc tarafından
3
Market Structures by The Noiseless TraderMarket Structure by The Noiseless Trader is an indicator that highlights simple candle-based market structure patterns: Market Structure Low (MSL) and Market Structure High (MSH) . It is designed to make these shifts visible directly on the chart. Pattern Logic MSL (Market Structure Low) Candle 2: Bearish Candle 1: Bearish, closing below Candle 2’s close Candle 0: Bullish, closing above Candle 1’s open Candle 0 must also have a minimum body size (default = 2%) MSH (Market Structure High) Candle 2: Bullish Candle 1: Bullish, closing above Candle 2’s close Candle 0: Bearish, closing below Candle 1’s open Candle 0 must also have a minimum body size (default = 2%) Features Label plotting: When a pattern forms, the script places an “MSL” or “MSH” label slightly offset from Candle 0 so that the signal is visible but does not overlap the bar. Bar coloring: Optionally, the script colors the signal candles for faster visual recognition (green for MSL, red for MSH). Repaint protection : A setting allows the user to confirm signals only on bar close. This ensures the label does not disappear once plotted, though it delays the signal until the candle closes. Customizable inputs: Users can set the minimum body size threshold (in % of price) and adjust the label offset distance to their preference. Alerts: TradingView alerts can be created for both MSL and MSH events, making it possible to receive notifications when patterns appear. How to Use MSL labels mark potential swing lows where bearish pressure is followed by a bullish reversal. MSH labels mark potential swing highs where bullish pressure is followed by a bearish reversal. These patterns are most useful for studying shifts in short-term trend structure. Traders can monitor them as potential areas of interest, but they are not standalone entry or exit signals. This indicator should be used as part of a broader trading framework. For example, some traders may combine MSL/MSH with trend filters, higher-timeframe analysis, or support/resistance zones or even classical pattern clubbed with MSL/MSH. Notes This tool highlights specific three-candle formations. It does not generate buy/sell recommendations. It is intended for educational and analytical purposes only. Past appearances of MSL or MSH patterns do not guarantee future performance. Always confirm with your own market analysis before taking trading decisions. Developed by The Noiseless Trader .
Pine Script® göstergesi
kaushikakiwatkar tarafından
1
50% of Previous 1H Candle (Color Logic)📌 Script Title: 50% Midpoint of Previous 1H Candle (Color Coded) 📝 Description: This indicator draws a horizontal line at the 50% (midpoint) of the most recently closed 1-hour candle, helping traders visualize intraday support/resistance and sentiment bias. 🔹 Key Features: Plots the midpoint of the last 1H candle as a horizontal line. Color-coded line and label: 🟢 Green: Previous candle was bullish 🔴 Red: Previous candle was bearish ⚪ Gray: Neutral (doji or equal open/close) Displays the exact price level with a floating label. Works on any lower timeframe chart (e.g., 5m, 15m, 30m). Automatically updates every hour after the 1H candle closes. 📈 Use Cases: Trade around the 1H midpoint as a dynamic pivot zone. Confirm or fade price breakouts/rejections at this level. Use it with trendlines, supply/demand zones, or VWAP. 🔍 Technical Notes: The midpoint is calculated using: Midpoint = (High + Low) / 2 from the most recent closed 1H candle. Color logic is based on whether the 1H candle closed above or below its open. 🚀 Enhancement Ideas (future updates): Add optional alerts on cross of the midpoint. Show multiple historical midpoint levels. Input toggle to enable/disable color coding. Whether you’re scalping intraday or watching for reaction zones, this tool gives you a clean, real-time level to anchor your trades around. Happy trading! 💹 — Built with ❤️ in Pine Script v6
Pine Script® göstergesi
ToyinTrader tarafından
RSI Crossover AlertRSI Crossover Alert Indicator - User Guide The RSI Crossover Alert Indicator is a comprehensive technical analysis tool that detects multiple types of RSI crossovers and generates real-time alerts. It combines traditional RSI analysis with signal lines, divergence detection, and multi-level crossing alerts. 1. Multiple Crossover Detection - RSI/Signal Line Cross: Signals a primary trend change. - RSI/Second Signal Cross: Confirmation signals for stronger trends. - Level Crossings: Crosses of Overbought 70, Oversold 30, and Midline 50. - Divergence Detection: Hidden and regular divergences for reversal signals. 2. Alert Types - Alert: RSI > Signal Description: Bullish momentum is building. Signal: Consider long positions. - Alert: RSI < Signal Description: Bearish momentum is building. Signal: Consider short positions. - Alert: RSI > 70 Description: Entering the overbought zone. Signal: Prepare for a potential reversal. - Alert: RSI < 30 Description: Entering the oversold zone. Signal: Watch for a bounce opportunity. - Alert: RSI crosses 50 Description: A shift in momentum. Signal: Trend confirmation. 3. Visual Components - Lines: RSI blue, Signal orange, Second Signal purple - Histogram: Visualizes momentum by showing the difference between RSI and the Signal line. - Background Zones: Red overbought, Green oversold - Markers: Up/down triangles to indicate crossovers. - Info Table: Real-time RSI values and status. Strategy 1: Classic Crossover - Entry Long: RSI crosses above the Signal Line AND RSI is below 50. - Entry Short: RSI crosses below the Signal Line AND RSI is above 50. - Take Profit: On the opposite signal. - Stop Loss: At the recent swing high/low. Strategy 2: Extreme Zone Reversal - Entry Long: RSI is below 30 and crosses above the Signal Line. - Entry Short: RSI is above 70 and crosses below the Signal Line. - Risk Management: Higher win rate but fewer signals. Use a minimum 2:1 risk-reward ratio. Strategy 3: Divergence Trading - Setup: Enable divergence alerts and look for price/RSI divergence. Wait for an RSI crossover for confirmation. - Entry: Enter on the crossover after the divergence appears. Place the stop loss beyond the starting point of the divergence. Strategy 4: Multi-Timeframe Confirmation 1. Check the higher timeframe e.g. Daily to identify the main trend. 2. Use the current timeframe e.g. 4H/1H for your entry. 3. Only enter in the direction of the main trend. 4. Use the RSI crossover as the entry trigger. Optimal Settings by Market - Forex Major Pairs RSI Length: 14, Signal Length: 9, Overbought/Oversold: 70/30 - Crypto High Volatility RSI Length: 10-12, Signal Length: 6-8, Overbought/Oversold: 75/25 - Stocks Trending RSI Length: 14-21, Signal Length: 9-12, Overbought/Oversold: 70/30 - Commodities RSI Length: 14, Signal Length: 9, Overbought/Oversold: 80/20 Risk Management Rules 1. Position Sizing: Never risk more than 1-2% on a single trade. Reduce size in ranging markets. 2. Stop Loss Placement: Place stops beyond the recent swing high/low for crossovers. Using an ATR-based stop is also effective. 3. Profit Taking: Take partial profits at a 1:1 risk-reward ratio. Switch to a trailing stop after reaching 2:1. 1. Filtering Signals - Combine with volume indicators. - Confirm the trend on a higher timeframe. - Wait for candlestick pattern confirmation. 2. Avoid Common Mistakes - Don't trade every single crossover. - Avoid taking signals against a strong trend. - Do not ignore risk management. 3. Market Conditions - Trending Market: Focus on midline 50 crosses. - Ranging Market: Look for reversals from overbought/oversold levels. - Volatile Market: Widen the overbought/oversold levels. - If you get too many false signals: Increase the signal line period, add other confirmation indicators, or use a higher timeframe. - If you are missing major moves: Decrease the RSI length, shorten the signal line period, or check your alert settings. Recommended Combinations 1. RSI + MACD: For dual momentum confirmation. 2. RSI + Bollinger Bands: For volatility-adjusted signals. 3. RSI + Volume: To confirm the strength of a signal. 4. RSI + Moving Averages: To use as a trend filter. This indicator provides a comprehensive RSI analysis. Success depends on proper configuration, risk management, and combining signals with the overall market context. Start with the default settings, then optimize based on your trading style and market conditions.
Pine Script® göstergesi
Hunk77 tarafından
X-Scalp by LogicatX-Scalp by Logicat — Clean-Range MTF Scalper Turn noisy intraday action into clear, actionable scalps. X-Scalp builds “Clean Range” zones only when three timeframes agree (default: M30/M15/M5), then waits for a single, high-quality M5 confirmation to print a BUY/SELL label. It’s fast, simple, and ruthlessly focused on precision. What it does Clean Range zones: Drawn from the last completed M30 candle only when M30/M15/M5 align (all green or all red). Size filter (pips): Ignore tiny, low-value ranges with a configurable minimum height (auto-pip detection included). Extend-until-mitigated: Zones stretch right and “freeze” on first mitigation (close inside or close beyond, your choice). Optional fade when mitigated. Laser M5 entries (one per box): Red M5 bar inside a green zone → SELL Green M5 bar inside a red zone → BUY Prints once per zone on the closed M5 candle—no spam. Quality of life: Keep latest N zones, customizable colors, optional H4 reference lines, alert conditions for both zone creation and entries. Why traders love it Clarity: Filters chop; you see only aligned zones and one clean trigger. Speed: Designed for scalpers on FX, XAU/USD, indices, and more. Control: Tune lookback, pip threshold, mitigation logic, and visuals to fit your playbook. Tips Use on liquid sessions for best results. Combine with your risk model (fixed R, partials at mid/edge, etc.). Backtest different pip filters per symbol. Disclaimer: No indicator guarantees profits. Trade responsibly and manage risk.
Pine Script® göstergesi
ling7777 tarafından
NWOG/NDOG by OutOfOptionsNew Week Opening Gap (NWOG) and New Day Opening Gap (NDOG) NWOG and NDOG represent price imbalances formed when markets skip over certain levels at the start of a new week or trading day. These gaps often serve as magnets for price action throughout the week or day, drawing prices back to fill them while also functioning as key support or resistance zones. They are particularly relevant in futures markets, though less so in equities. Consequent Encroachment (CE) The CE, which is the midpoint of an NWOG or NDOG, frequently emerges as a critical level—especially if the gap remains unbalanced. In such cases, it can exert a strong pull on price, encouraging retracement or consolidation. Indicator Features This indicator allows you to display any number of NWOGs and NDOGs directly on your chart, with complete customization of their visual appearance. You can assign distinct colors to the most recent gaps for easy identification. Unlike other tools, it includes a filtering option to exclude minor gaps that may lack significance. Additionally, the "Smart" mode intelligently positions price labels to ensure they remain visible and uncluttered at all times. How Does it Work The indicator tracks all daily closes and new day opens, capturing the two values representing the top/bottom of NDOG/NWOG. I If the day begins on a Sunday, the gap is identified as NWOG; otherwise, it is classified as NDOG. A key feature of the indicator is that it avoids duplicating NDOGs that are also NWOGs. Next, the indicator applies the size filter setting (if set above 0) to skip minor gaps. Valid gaps are then displayed on the screen using a style configured in the indicator settings for the most recent NDOG/NWOG. To prevent the chart from becoming cluttered, the indicator limits the number of NWOG/NDOGs shown. When a new NWOG/NDOG is added, it checks the total displayed, and if this exceeds the configured limit, the oldest NWOG/NDOG is removed. Additionally, the indicator updates the display style of the previous NWOG/NDOG to the generic (non-last) style as specified in the settings. For labels showing NWOG/NDOG price ranges and CE, the indicator offers a "Smart" option that dynamically positions labels 10 bars from the last candle and adjusts them every 5 candles. Otherwise, labels are placed at the end of the week for NWOGs and at the end of the following day for NDOGs.
Pine Script® göstergesi
outofoptions tarafından
The Bravo KitThe Bravo Suite is an all-encompassing toolset that provides traders with various indicators and technical analysis tools. It is designed for ease of use, with simple inputs and intuitive visuals, to assist the average trader in making informed decisions. This guide will provide an overview of the different features included in the Bravo Suite and delve into some of the more intricate details. Features of the Bravo Suite Bravo Candles These candles provide a unique way of visualizing price action by color-coding the candles based on their angle relative to the past price. Users have the option to enable or disable the Bravo Candles theme. As shown below purple shades start to appear when price is overextended - leveraging the trend angle calculation: Bravo Sequential The Bravo Sequential system is a unique take on the traditional 9 count system that aims to identify potential trend exhaustion points. The major difference in the Bravo Sequential is that it uses the trend angle once again, instead of the generic method of counting candlesticks. By incorporating trend angle, it can potentially provide better insights into the momentum behind the current price trend and identify trend exhaustion points more effectively. This approach allows the Bravo Sequential system to take into account not only the number of consecutive price increases or decreases but also the strength of these movements. Consequently, it can provide a more accurate depiction of the underlying trend, especially if the momentum of the price action is changing. While the traditional 9 count system only counts the number of sequential candles based on consecutive higher or lower closes, the Bravo Sequential system uses the angle of the trend to identify if the trend is losing strength. It displays a 9 count when it detects a possible trend exhaustion point, accompanied by an optional label for better visibility on the chart. + Icons are also produced at the custom 9 count levels making it clearer to see these potential exhaustion zones. Bravo Fibonacci Bands The Bravo Fibonacci Bands are an advanced and innovative feature of the Bravo Suite, specifically designed to offer a more precise and dynamic price channel using a custom blend of Fibonacci numbers and weighted averages. This powerful combination allows traders to observe potential support and resistance levels, providing valuable insights into market direction and price movements. Fibonacci numbers are a well-known and incredibly important concept in mathematics, with various applications in trading and technical analysis. The Bravo Suite harnesses the power of Fibonacci numbers in the Bravo Fibonacci Bands by building a custom low lag weighted average from the input length. This is achieved by applying the metallic mean (also known as the "golden mean" or "silver mean") to the input series. By leveraging Fibonacci numbers in this manner, the weighted average effectively shifts more weight to the most recent values, emphasizing the importance of the current market trend. The Bravo Fibonacci Bands dynamically adjust to the ever-changing market conditions, offering the trader an powerful level of precision in identifying crucial price levels. This approach blends the best of both worlds. The end result is a reliable, easy-to-read price channel that gives traders the confidence to make informed decisions no matter what the market throws their way. Moving Averages The Bravo 9 Moving Average is included in the suite, alongside other useful Moving Averages for various timeframes, such as 200-day Moving Average, and 200-week Moving Average. Traders can toggle the visibility of each Moving Average. These are custom designed lower lag moving averages designed as assistive and supporting features in the toolkit.
Pine Script® göstergesi
ChartPrime tarafından
10
Live Market - Performance MonitorLive Market — Performance Monitor Study material (no code) — step-by-step training guide for learners ________________________________________ 1) What this tool is — short overview This indicator is a live market performance monitor designed for learning. It scans price, volume and volatility, detects order blocks and trendline events, applies filters (volume & ATR), generates trade signals (BUY/SELL), creates simple TP/SL trade management, and renders a compact dashboard summarizing market state, risk and performance metrics. Use it to learn how multi-factor signals are constructed, how Greeks-style sensitivity is replaced by volatility/ATR reasoning, and how a live dashboard helps monitor trade quality. ________________________________________ 2) Quick start — how a learner uses it (step-by-step) 1. Add the indicator to a chart (any ticker / timeframe). 2. Open inputs and review the main groups: Order Block, Trendline, Signal Filters, Display. 3. Start with defaults (OB periods ≈ 7, ATR multiplier 0.5, volume threshold 1.2) and observe the dashboard on the last bar. 4. Walk the chart back in time (use the last-bar update behavior) and watch how signals, order blocks, trendlines, and the performance counters change. 5. Run the hands-on labs below to build intuition. ________________________________________ 3) Main configurable inputs (what you can tweak) • Order Block Relevant Periods (default ~7): number of consecutive candles used to define an order block. • Min. Percent Move for Valid OB (threshold): minimum percent move required for a valid order block. • Number of OB Channels: how many past order block lines to keep visible. • Trendline Period (tl_period): pivot lookback for detecting highs/lows used to draw trendlines. • Use Wicks for Trendlines: whether pivot uses wicks or body. • Extension Bars: how far trendlines are projected forward. • Use Volume Filter + Volume Threshold Multiplier (e.g., 1.2): requires volume to be greater than multiplier × average volume. • Use ATR Filter + ATR Multiplier: require bar range > ATR × multiplier to filter noise. • Show Targets / Table settings / Colors for visualization. ________________________________________ 4) Core building blocks — what the script computes (plain language) Price & trend: • Spot / LTP: current close price. • EMA 9 / 21 / 50: fast, medium, slow moving averages to define short/medium trend. o trend_bullish: EMA9 > EMA21 > EMA50 o trend_bearish: EMA9 < EMA21 < EMA50 o trend_neutral: otherwise Volatility & noise: • ATR (14): average true range used for dynamic target and filter sizing. • dynamic_zone = ATR × atr_multiplier: minimum bar range required for meaningful move. • Annualized volatility: stdev of price changes × sqrt(252) × 100 — used to classify volatility (HIGH/MEDIUM/LOW). Momentum & oscillators: • RSI 14: overbought/oversold indicator (thresholds 70/30). • MACD: EMA(12)-EMA(26) and a 9-period signal line; histogram used for momentum direction and strength. • Momentum (ta.mom 10): raw momentum over 10 bars. Mean reversion / band context: • Bollinger Bands (20, 2σ): upper, mid, lower. o price_position measures where price sits inside the band range as 0–100. Volume metrics: • avg_volume = SMA(volume, 20) and volume_spike = volume > avg_volume × volume_threshold o volume_ratio = volume / avg_volume Support & Resistance: • support_level = lowest low over 20 bars • resistance_level = highest high over 20 bars • current_position = percent of price between support & resistance (0–100) ________________________________________ 5) Order Block detection — concept & logic What it tries to find: a bar (the base) followed by N candles in the opposite direction (a classical order block setup), with a minimum % move to qualify. The script records the high/low of the base candle, averages them, and plots those levels as OB channels. How learners should think about it (conceptual): 1. An order block is a signature area where institutions (theory) left liquidity — often seen as a large bar followed by a sequence of directional candles. 2. This indicator uses a configurable number of subsequent candles to confirm that the pattern exists. 3. When found, it stores and displays the base candle’s high/low area so students can see how price later reacts to those zones. Implementation note for learners: the tool keeps a limited history of OB lines (ob_channels). When new OBs exceed the count, the oldest lines are removed — good practice to avoid clutter. ________________________________________ 6) Trendline detection — idea & interpretation • The script finds pivot highs and lows using a symmetric lookback (tl_period and half that as right/left). • It then computes a trendline slope from successive pivots and projects the line forward (extension_bars). • Break detection: Resistance break = close crosses above the projected resistance line; Support break = close crosses below projected support. Learning tip: trendlines here are computed from pivot points and time. Watch how changing tl_period (bigger = smoother, fewer pivots) alters the trendlines and break signals. ________________________________________ 7) Signal generation & filters — step-by-step 1. Primary triggers: o Bullish trigger: order block bullish OR resistance trendline break. o Bearish trigger: bearish order block OR support trendline break. 2. Filters applied (both must pass unless disabled): o Volume filter: volume must be > avg_volume × volume_threshold. o ATR filter: bar range (high-low) must exceed ATR × atr_multiplier. o Not in an existing trade: new trades only start if trade_active is false. 3. Trend confirmation: o The primary trigger is only confirmed if trend is bullish/neutral for buys or bearish/neutral for sells (EMA alignment). 4. Result: o When confirmed, a long or short trade is activated with TP/SL calculated from ATR multiples. ________________________________________ 8) Trade management — what the tool does after a signal • Entry management: the script marks a trade as trade_active and sets long_trade or short_trade flags. • TP & SL rules: o Long: TP = high + 2×ATR ; SL = low − 1×ATR o Short: TP = low − 2×ATR ; SL = high + 1×ATR • Monitoring & exit: o A trade closes when price reaches TP or SL. o When TP/SL hit, the indicator updates win_count and total_pnl using a very simple calculation (difference between TP/SL and previous close). o Visual lines/labels are drawn for TP and updated as the trade runs. Important learner notes: • The script does not store a true entry price (it uses close in its P&L math), so PnL is an approximation — treat this as a learning proxy, not a position accounting system. • There’s no sizing, slippage, or fee accounted — students must manually factor these when translating to real trades. • This indicator is not a backtesting strategy; strategy.* functions would be needed for rigorous backtest results. ________________________________________ 9) Signal strength & helper utilities • Signal strength is a composite score (0–100) made up of four signals worth 25 points each: 1. RSI extreme (overbought/oversold) → 25 2. Volume spike → 25 3. MACD histogram magnitude increasing → 25 4. Trend existence (bull or bear) → 25 • Progress bars (text glyphs) are used to visually show RSI and signal strength on the table. Learning point: composite scoring is a way to combine orthogonal signals — study how changing weights changes outcomes. ________________________________________ 10) Dashboard — how to read each section (walkthrough) The dashboard is split into sections; here's how to interpret them: 1. Market Overview o LTP / Change%: immediate price & daily % change. 2. RSI & MACD o RSI value plus progress bar (overbought 70 / oversold 30). o MACD histogram sign indicates bullish/bearish momentum. 3. Volume Analysis o Volume ratio (current / average) and whether there’s a spike. 4. Order Block Status o Buy OB / Sell OB: the average base price of detected order blocks or “No Signal.” 5. Signal Status o 🔼 BUY or 🔽 SELL if confirmed, or ⚪ WAIT. o No-trade vs Active indicator summarizing market readiness. 6. Trend Analysis o Trend direction (from EMAs), market sentiment score (composite), volatility level and band/position metrics. 7. Performance o Win Rate = wins / signals (percentage) o Total PnL = cumulative PnL (approximate) o Bull / Bear Volume = accumulated volumes attributable to signals 8. Support & Resistance o 20-bar highest/lowest — use as nearby reference points. 9. Risk & R:R o Risk Level from ATR/price as a percent. o R:R Ratio computed from TP/SL if a trade is active. 10. Signal Strength & Active Trade Status • Numeric strength + progress bar and whether a trade is currently active with TP/SL display. ________________________________________ 11) Alerts — what will notify you The indicator includes pre-built alert triggers for: • Bullish confirmed signal • Bearish confirmed signal • TP hit (long/short) • SL hit (long/short) • No-trade zone • High signal strength (score > 75%) Training use: enable alerts during a replay session to be notified when the indicator would have signalled. ________________________________________ 12) Labs — hands-on exercises for learners (step-by-step) Lab A — Order Block recognition 1. Pick a 15–30 minute timeframe on a liquid ticker. 2. Use default OB periods (7). Mark each time the dashboard shows a Buy/Sell OB. 3. Manually inspect the chart at the base candle and the following sequence — draw the OB zone by hand and watch later price reactions to it. 4. Repeat with OB periods 5 and 10; note stability vs noise. Lab B — Trendline break confirmation 1. Increase trendline period (e.g., 20), watch trendlines form from pivots. 2. When a resistance break is flagged, compare with MACD & volume: was momentum aligned? 3. Note false breaks vs confirmed moves — change extension_bars to see projection effects. Lab C — Filter sensitivity 1. Toggle Use Volume Filter off, and record the number and quality of signals in a 2-day window. 2. Re-enable volume filter and change threshold from 1.2 → 1.6; note how many low-quality signals are filtered out. Lab D — Trade management simulation 1. For each signalled trade, record the time, close entry approximation, TP, SL, and eventual hit/miss. 2. Compute actual PnL if you had entered at the open of the next bar to compare with the script’s PnL math. 3. Tabulate win rate and average R:R. Lab E — Performance review & improvement 1. Build a spreadsheet of signals over 30–90 periods with columns: Date, Signal type, Entry price (real), TP, SL, Exit, PnL, Notes. 2. Analyze which filters or indicators contributed most to winners vs losers and adjust weights. ________________________________________ 13) Common pitfalls, assumptions & implementation notes (things to watch) • P&L simplification: total_pnl uses close as a proxy entry price. Real entry/exit prices and slippage are not recorded — so PnL is approximate. • No position sizing or money management: the script doesn’t compute position size from equity or risk percent. • Signal confirmation logic: composite "signal_strength" is a simple 4×25 point scheme — explore different weights or additional signals. • Order block detection nuance: the script defines the base candle and checks the subsequent sequence. Be sure to verify whether the intended candle direction (base being bullish vs bearish) aligns with academic/your trading definition — read the code carefully and test. • Trendline slope over time: slope is computed using timestamps; small differences may make lines sensitive on very short timeframes — using bar_index differences is usually more stable. • Not a true backtester: to evaluate performance statistically you must transform the logic into a strategy script that places hypothetical orders and records exact entry/exit prices. ________________________________________ 14) Suggested improvements for advanced learners • Record true entry price & timestamp for accurate PnL. • Add position sizing: risk % per trade using SL distance and account size. • Convert to strategy. (Pine Strategy)* to run formal backtests with equity curves, drawdowns, and metrics (Sharpe, Sortino). • Log trades to an external spreadsheet (via alerts + webhook) for offline analysis. • Add statistics: average win/loss, expectancy, max drawdown. • Add additional filters: news time blackout, market session filters, multi-timeframe confirmation. • Improve OB detection: combine wick/body, volume spike at base bar, and liquidity sweep detection. ________________________________________ 15) Glossary — quick definitions • ATR (Average True Range): measure of typical range; used to size targets and stops. • EMA (Exponential Moving Average): trend smoothing giving more weight to recent prices. • RSI (Relative Strength Index): momentum oscillator; >70 overbought, <30 oversold. • MACD: momentum oscillator using difference of two EMAs. • Bollinger Bands: volatility bands around SMA. • Order Block: a base candle area with subsequent confirmation candles; a zone of institutional interest (learning model). • Pivot High/Low: local turning point defined by candles on both sides. • Signal Strength: combined score from multiple indicators. • Win Rate: proportion of signals that hit TP vs total signals. • R:R (Risk:Reward): ratio of potential reward (TP distance) to risk (entry to SL). ________________________________________ 16) Limitations & assumptions (be explicit) • This is an indicator for learning — not a trading robot or broker connection. • No slippage, fees, commissions or tie-in to real orders are considered. • The logic is heuristic (rule-of-thumb), not a guarantee of performance. • Results are sensitive to timeframe, market liquidity, and parameter choices. ________________________________________ 17) Practical classroom / study plan (4 sessions) • Session 1 — Foundations: Understand EMAs, ATR, RSI, MACD, Bollinger Bands. Run the indicator and watch how these numbers change on a single day. • Session 2 — Zones & Filters: Study order blocks and trendlines. Test volume & ATR filters and note changes in false signals. • Session 3 — Simulated trading: Manually track 20 signals, compute real PnL and compare to the dashboard. • Session 4 — Improvement plan: Propose changes (e.g., better PnL accounting, alternative OB rule) and test their impact. ________________________________________ 18) Quick reference checklist for each signal 1. Was an order block or trendline break detected? (primary trigger) 2. Did volume meet threshold? (filter) 3. Did ATR filter (bar size) show a real move? (filter) 4. Was trend aligned (EMA 9/21/50)? (confirmation) 5. Signal confirmed → mark entry approximation, TP, SL. 6. Monitor dashboard (Signal Strength, Volatility, No-trade zone, R:R). 7. After exit, log real entry/exit, compute actual PnL, update spreadsheet. ________________________________________ 19) Educational caveat & final note This tool is built for training and analysis: it helps you see how common technical building blocks combine into trade ideas, but it is not a trading recommendation. Use it to develop judgment, to test hypotheses, and to design robust systems with proper backtesting and risk control before risking capital. ________________________________________ 20) Disclaimer (must include) Training & Educational Only — This material and the indicator are provided for educational purposes only. Nothing here is investment advice or a solicitation to buy or sell financial instruments. Past simulated or historical performance does not predict future results. Always perform full backtesting and risk management, and consider seeking advice from a qualified financial professional before trading with real capital. ________________________________________
Pine Script® göstergesi
aiTrendview-Charting-System tarafından
VWMA CandlesVWMA Candles – Smarter Candle Coloring with Volume Awareness This indicator enhances your chart candles by showing their relationship to the Volume-Weighted Moving Average (VWMA). It visually integrates the VWMA and price action, making it easier to spot momentum shifts, value zones, and price interaction with volume-weighted levels. I saw this indicator idea from TrendSpider on threads and decided to try and make my own. This is my first publicly shared script so go easy on me! IN ORDER FOR THE COLOR CODING TO WORK PROPERLY, YOU MUST: GO TO -> CHART SETTINGS -> SYMBOLS AND DISABLE BODIES, BORDERS, AND WICKS. How it works: The VWMA is plotted on your chart with a customizable band around it. Candles change color depending on their position relative to the VWMA and its band: Green → Price is above the VWMA (bullish bias). Orange → Price is near or touching the VWMA/band (potential reaction zone). Red → Price is below the VWMA (bearish bias). You can choose between custom candles (full plotcandle styling) or simply recolor your existing chart candles with barcolor. Customization options: Select how the band is calculated: by % of VWMA, ATR multiple, or Ticks/Points. Adjust colors separately for candle body, wick, and border. Choose to show/hide the VWMA line and the band fill. Fine-tune transparency for a clean look on any chart background. Why traders use it: Quickly spot when price is stretched away from the VWMA (overextended conditions). Identify when candles are interacting with the VWMA (potential support/resistance). Add volume-sensitivity to your trend analysis compared to standard moving averages. Authors Note: The default settings work well with stocks on the weekly timeframe, although this can be used on any timeframe. The settings are highly adjustable for you to tune it to your liking.
Pine Script® göstergesi
XYZ-Trades tarafından