G-Channel with EMA StrategyThe G-Channel is a custom channel with an upper (a), lower (b), and average (avg) line. These lines are dynamically calculated based on the current and previous closing prices, using the length input (default 100) to smooth the values:
Upper Line (a): This is the maximum value of the current price or the previous upper value, adjusted by the difference between the upper and lower lines divided by the length.
Lower Line (b): This is the minimum value of the current price or the previous lower value, similarly adjusted by the difference between the upper and lower lines.
The average line (avg) is simply the midpoint between the upper and lower lines. The G-Channel signals trend direction:
Bullish Condition: The system looks for the condition when the price crosses over the lower line (b), indicating a potential upward trend.
Bearish Condition: When the price crosses under the upper line (a), it signals a potential downward trend.
Exponential Moving Average (EMA)
The strategy also incorporates an EMA with a default length of 200. The EMA serves as a trend filter to determine whether the market is trending upward or downward:
Price below EMA: Indicates a bearish trend.
Price above EMA: Indicates a bullish trend.
Buy/Sell Conditions
The strategy generates buy or sell signals based on the interaction between the G-Channel signals and the price relative to the EMA:
Buy Signal: The strategy triggers a buy when:
A bullish condition (recent crossover of price over the lower G-Channel line) is detected.
The price is below the EMA, indicating that despite the recent bullish signal, the market might still be undervalued or in a temporary downturn.
Sell Signal: The strategy triggers a sell when:
A bearish condition (recent crossunder of price below the upper G-Channel line) is detected.
The price is above the EMA, suggesting that the market might be overextended and poised for a downturn.
Visualization
The strategy plots:
The upper, lower, and average lines of the G-Channel, with the average line colored based on bullish (green) or bearish (red) conditions.
The EMA (orange) line to provide context on the general trend direction.
Markers for Buy and Sell signals to visually indicate the strategy's entry points.
Strategy Execution
When a buy or sell signal is detected:
Buy Entry: If the bullish condition and price < EMA condition are met, a long (buy) position is opened.
Sell Entry: If the bearish condition and price > EMA condition are met, a short (sell) position is opened.
Purpose
This strategy aims to catch price reversals at critical points (when the price moves through the G-Channel) while filtering trades using the EMA to avoid entering during unfavorable market trends.
Grafik Paternleri
thinkCNE - Key with Multiple ColoursCustomisable Key with Multi-Coloured Highlights for Chart Annotations
Overview:
This Customizable Key indicator is designed to provide traders with a clear and visually customizable legend that can be displayed on their chart. It allows users to annotate their charts with up to 10 distinct labels, each paired with a unique color-coded square. This feature is especially useful when you need to visually differentiate between various technical elements on your chart, such as support/resistance levels, Fair Value Gaps (FVGs), or important pivot points.
Key Features:
Customizable Labels and Colors: Each row in the table can be customized with unique text and background colors. This flexibility allows traders to create a personalized key that reflects the specific elements they are tracking, such as monthly FVGs, daily supports, volume-based zones, or any other custom annotations.
Flexible Number of Rows: The user can enable or disable rows as needed, which ensures that the table only shows relevant information. If fewer than 10 rows are required, the unused rows can be hidden from view, maintaining a clean and uncluttered chart.
Dynamic Table Placement: The key can be placed at different positions on the chart (top-right, middle-right, or bottom-right), giving users control over where the key appears to avoid covering important parts of their technical analysis.
Adjustable Size and Text Format: Users can customize the size of the color squares, the text, and even the overall appearance of the table. The text size can range from small to huge, making the labels easy to read based on personal preferences.
Use Cases:
Annotating Key Technical Zones: The indicator is perfect for annotating multiple technical zones or levels that require consistent attention. For example, traders can label areas like "Monthly FVG," "Daily Support," "Key Resistance," or even "Volume Spike," and color-code them accordingly for quick reference.
Drawing Clarity: A well-organized chart is essential for clear decision-making. This indicator enhances clarity by visually categorizing different chart features, making it easier to quickly interpret the chart without confusion. The customizable color squares ensure that users can quickly identify which technical element corresponds to which label on the chart.
Visual Aid for Strategy Execution: For traders using strategies involving multiple indicators, support and resistance lines, or patterns, this key helps keep track of all the elements, especially when several overlapping annotations might clutter the chart. It allows users to draw specific attention to key areas of interest and explain the rationale for each one.
Educational & Presentational Tool: If you're conducting trading education sessions or presentations, this indicator can serve as a powerful tool to explain concepts in real-time. You can present your chart with clearly marked zones or levels, where each color and label explains the reasoning behind your analysis. It’s a professional tool for walkthroughs or strategy breakdowns.
Benefits:
Enhanced Visual Organization: The color-coded squares and corresponding labels make it easier to maintain organization within a busy chart. Traders can distinguish between multiple chart elements at a glance, which enhances their focus on critical zones or setups.
Improved Decision-Making: By clearly labeling and color-coding areas of importance, traders can reduce the time it takes to assess the chart and make decisions, as the key provides a concise reference.
Customizable to Individual Needs: Traders can adapt the indicator to their specific trading style and chart elements, whether they're swing traders marking longer-term zones or day traders focusing on short-term levels.
Clarity on Complex Charts: For traders using charts with several indicators and drawings, the ability to clearly define what each color and label represents ensures that the chart remains understandable, even with multiple overlays.
Three-Bar Reversal SignalThis indicator is a simple setup of Three Bar Reversal. Logic of the code is as below.
Rules :
Long Setup
Bar 1 closes down
Low of Bar 2 is below the low of Bar 1 (and Bar 3)
Bar 3 closes above the high of both Bar 1 and Bar 2
Buy at the close of Bar 3
Short Setup
Bar 1 closes up
High of Bar 2 is above the high of Bar 1 (and Bar 3)
Bar 3 closes below the low of both Bar 1 and Bar 2
Sell at the close of Bar 3
Futures Globex Session(s)This indicator draws a box around the Globex Session for the various Futures markets. The box height defines the highs and lows of that session, and the width defines the timeframe of that session. The boxes are outlined green if price rose during that period, and red if price fell during that period. The default Globex Session is set for the Equity Index Futures and is set in the UTC-4 time zone (Eastern Time). In the settings you can adjust the session time and time zone of your Globex Session to reflect the trading times of that market. Below are the session times for various Futures markets set in time zone UTC-4.
Equity Indexes: 18:00 - 9:30
(ES, NQ, YM, RTY)
Treasuries: 18:00 - 8:20
(ZN, ZB)
Metals: 18:00 - 8:20
(GC)
Energies: 18:00 - 9:00
(CL, NG)
Agricultures: 20:00 - 9:30
(ZS, ZW)
Wolfpack Elite - Liquidation Sniper - by 9123416916### Strategy: **Wolfpack Elite - Liquidation Sniper by Md Arif**
**Overview:**
This is a technical analysis strategy designed for trading, which combines two popular technical indicators: **Relative Strength Index (RSI)** and **Moving Averages (MA)**. It identifies potential buy (long) and sell (short) signals based on oversold and overbought conditions in the market, along with crossovers between two moving averages. The strategy also incorporates a risk management system by setting **take profit** and **stop loss** levels to protect against large losses and lock in gains.
---
**Key Components:**
1. **Indicators Used:**
- **RSI (Relative Strength Index):**
- Measures the speed and change of price movements.
- Used to identify **overbought** (above 70) and **oversold** (below 30) conditions.
- **Short and Long Moving Averages:**
- The strategy uses two simple moving averages (SMA) to detect trends and potential entry points.
- Short MA (9-period) and Long MA (21-period) are used for crossovers.
2. **Entry Signals:**
- **Bullish Entry (Long Position):**
- Triggered when the RSI falls below the oversold level (30) and the **short MA** crosses above the **long MA** (bullish crossover).
- This suggests that the market might be oversold and ready to rebound.
- **Bearish Entry (Short Position):**
- Triggered when the RSI rises above the overbought level (70) and the **short MA** crosses below the **long MA** (bearish crossover).
- This suggests that the market might be overbought and due for a correction.
3. **Risk Management:**
- **Take Profit and Stop Loss:**
- The strategy calculates the take profit and stop loss levels as percentages of the entry price.
- **Take Profit:** Set at 5% above the entry price for long positions and 5% below the entry price for short positions.
- **Stop Loss:** Set at 3% below the entry price for long positions and 3% above the entry price for short positions.
4. **Position Sizing:**
- The position size is calculated as a percentage of the trader's total equity (default set to 100% of equity).
5. **Exit Conditions:**
- **For Long Positions:**
- Exit the trade if the price hits the take profit level (5% above entry) or the stop loss level (3% below entry).
- **For Short Positions:**
- Exit the trade if the price hits the take profit level (5% below entry) or the stop loss level (3% above entry).
6. **Visualization:**
- The strategy visually plots the short and long moving averages on the chart.
- It also marks **bullish crossovers** with green upward triangles and **bearish crossovers** with red downward triangles, making it easier to spot potential entry points.
---
**How the Strategy Works:**
- The strategy starts by calculating the **RSI** and **moving averages**.
- It waits for specific conditions to trigger buy or sell signals. If the RSI indicates that the market is oversold and a bullish crossover occurs, it initiates a **long trade**. Similarly, if the RSI shows an overbought condition and a bearish crossover occurs, it opens a **short trade**.
- Once a trade is open, the strategy monitors the price and automatically exits the trade if the price reaches the set take profit or stop loss level.
---
This strategy is designed for active traders who seek to capitalize on short-term price movements and want clear entry/exit points with built-in risk management.
Strategy: Candlestick Wick Analysis with Volume Conditions
This strategy focuses on analyzing the wicks (or shadows) of candlesticks to identify potential trading opportunities based on candlestick structure and volume. Based on these criteria, it places stop orders at the extremities of the wicks when certain conditions are met, thus increasing the chances of capturing significant price movements.
Trading Criteria
Volume Conditions:
The strategy checks if the volume of the current candle is higher than that of the previous three candles. This ensures that the observed price movement is supported by significant volume, increasing the probability that the price will continue in the same direction.
Wick Analysis:
Upper Wick:
If the upper wick of a candle represents more than 90% of its body size and is longer than the lower wick, this indicates that the price tested a resistance level before pulling back.
Order Placement: In this case, a Buy Stop order is placed at the upper extremity of the wick. This means that if the price rises back to this level, the order will be triggered, and the trader will take a buy position.
SL Management: A stop-loss is then placed below the lowest point of the same candle. This protects the trader by limiting losses if the price falls back after the order is triggered.
Lower Wick:
If the lower wick of a candle is longer than the upper wick and represents more than 90% of its body size, this indicates that the price tested a support level before rising.
Order Placement: In this case, a Sell Stop order is placed at the lower extremity of the wick. Thus, if the price drops back to this level, the order will be triggered, and the trader will take a sell position.
SL Management: A stop-loss is then placed above the highest point of the same candle. This ensures risk management by limiting losses if the price rebounds upward after the order is triggered.
Strategy Advantages
Responsiveness to Price Movements: The strategy is designed to detect significant price movements based on the market's reaction around support and resistance levels. By placing stop orders directly at the wick extremities, it allows capturing strong movements in the direction indicated by the candles.
Securing Positions: Using stop-losses positioned just above or below key levels (wicks) provides better risk management. If the market doesn't move as expected, the position is automatically closed with a limited loss.
Clear Visual Indicators: Symbols are displayed on the chart at the points where orders have been placed, making it easier to understand trading decisions. This helps to quickly identify the support or resistance levels tested by the price, as well as potential entry points.
Conclusion
The strategy is based on the idea that large wicks signal areas where buyers or sellers have tested significant price levels before temporarily retreating. By placing stop orders at the extremities of these wicks, the strategy allows capturing price movements when they confirm, while limiting risks through strategically placed stop-losses. It thus offers a balanced approach between capturing potential profit and managing risk.
This description emphasizes the idea of capturing significant market movements with stop orders while providing a clear explanation of the logic and risk management. It’s tailored for publication on TradingView and highlights the robustness of the strategy.
Ping Pong Bot StrategyOverview:
The Ping Pong Bot Strategy is designed for traders who focus on scalping and short-term opportunities using support and resistance levels. This strategy identifies potential buy entries when the price reaches a key support area and shows bullish momentum (a green bar). It aims to capitalize on small price movements with predefined risk management and take profit levels, making it suitable for active traders looking to maximize quick trades in trending or ranging markets.
How It Works:
Support & Resistance Calculation:
The strategy dynamically identifies support and resistance levels using the lowest and highest price points over a user-defined period. These levels help pinpoint potential price reversal areas, guiding traders on where to enter or exit trades.
Buy Entry Criteria:
A buy signal is triggered when the closing price is at or below the support level, and the bar is green (i.e., the closing price is higher than the opening price). This ensures that entries are made when prices show signs of upward momentum after hitting support.
Risk Management:
For each trade, a stop loss is calculated based on a user-defined risk percentage, helping to protect against significant drawdowns. Additionally, a take profit level is set at a ratio relative to the risk, ensuring a disciplined approach to exit points.
0.5% Take Profit Target:
The strategy also includes a 0.5% quick take profit target, indicated by an orange arrow when reached. This feature helps traders lock in small gains rapidly, making it ideal for volatile market conditions.
Customizable Inputs:
Length: Adjusts the period for calculating support and resistance levels.
Risk-Reward Ratio: Allows traders to set the desired risk-to-reward ratio for each trade.
Risk Percentage: Defines the risk tolerance for stop loss calculations.
Take Profit Target: Enables the customization of the quick take profit target.
Ideal For:
Traders who prefer an active trading style and want to leverage support and resistance levels for precise entries and exits. This strategy is particularly useful in markets that experience frequent price bounces between support and resistance, allowing traders to "ping pong" between these levels for profitable trades.
Note:
This strategy is developed mainly for the 5-minute chart and has not been tested on longer time frames. Users should perform their own testing and adjustments if using it on different time frames.
TEMA Crosses_AIT with Manual TEMA CalculationTitle: TEMA Crosses_AIT Indicator
Description:
The TEMA Crosses_AIT Indicator is designed for traders looking to leverage the Triple Exponential Moving Average (TEMA) to identify trend reversals and momentum shifts in the market. This indicator calculates both fast and slow TEMA lines and signals potential buy or sell opportunities based on crossovers between these two lines.
Key Features:
Fast TEMA (TEMAF):
Default period: 20 (adjustable)
Represents the short-term trend and reacts quickly to price changes.
Slow TEMA (TEMAS):
Default period: 200 (adjustable)
Represents the long-term trend, smoothing out price fluctuations to give a clearer view of the overall direction.
Signal Generation:
Long Signal: A long (buy) signal is generated when the fast TEMA crosses above the slow TEMA, indicating a potential upward trend.
Short Signal: A short (sell) signal is generated when the fast TEMA crosses below the slow TEMA, indicating a potential downward trend.
Color-coded Visualization:
The fast TEMA line is displayed in green when it is above the slow TEMA (bullish signal) and in red when below (bearish signal).
The slow TEMA line is displayed in white.
A yellow triangle appears below the price bar for long entries.
A fuchsia triangle appears above the price bar for short entries.
How It Works:
The indicator calculates the Triple Exponential Moving Average (TEMA) manually using exponential moving averages (EMA). The TEMA is calculated by subtracting the second EMA from three times the first EMA, then adding the third EMA. This provides a smoother trend line that reacts more quickly than a traditional EMA, making it ideal for spotting trend changes.
Customizable Inputs:
TEMAF Period: Adjust the period of the fast TEMA to fit your trading style.
TEMAS Period: Adjust the period of the slow TEMA to match the time frame you are analyzing.
Use Cases:
Trend Reversals: The crossovers between the fast and slow TEMA provide clear signals for potential trend reversals, which can be used to enter or exit trades.
Momentum Confirmation: The color-coded TEMA lines allow traders to easily identify whether the short-term momentum is aligned with the long-term trend, helping to confirm the strength of a move.
Recommendations:
This indicator works well with other momentum-based tools like RSI or MACD for confirming signals and identifying overbought or oversold conditions. It is suitable for use across different asset classes, including stocks, cryptocurrencies, forex, and commodities.
Disclaimer:
The TEMA Crosses_AIT indicator should not be used as a standalone trading strategy. It is recommended to combine this indicator with other forms of analysis and risk management techniques. Always backtest the indicator on historical data before applying it to live trades.
Scalping Strategy By TradingConTotoScript Description: "Scalping Strategy By TradingConToto"
This scalping strategy is designed to trade in volatile markets, taking advantage of rapid price movements. It uses pivots to identify key entry and exit points, along with exponential moving averages (EMAs) to determine the overall trend.
Key Features:
Dynamic Pivots: Calculates pivot highs and lows to identify support and resistance zones, improving entry accuracy.
Market Trend Analysis: Utilizes a 100-period EMA for long-term trend analysis and a 25-period EMA for short-term trends, facilitating informed decision-making.
Automated Entry and Exit: Generates buy and sell signals based on EMA crossovers and specific market conditions, ensuring you don't miss opportunities.
Risk Management: Allows you to set take profit and stop loss levels tailored to market volatility, using the ATR for effective risk management.
User-Friendly Interface: Easily customize strategy parameters such as pivot range, stop loss and take profit pips, and spread.
Requirements:
Ideal for use on short time frames during high activity sessions, like the configured scalping session.
Activate buy and sell options according to your preference and analyze performance using TradingView’s tools.
Note:
This script is a tool and does not guarantee results. It is recommended to test in a simulated environment before applying it to real accounts.
Optimize your scalping operations and enhance your market performance with this effective strategy!
Prometheus Fractal WaveThe Fractal Wave is an indicator that uses a fractal analysis to determine where reversals may happen. This is done through a Fractal process, making sure a price point is in a certain set and then getting a Distance metric.
Calculation:
A bullish Fractal is defined by the current bar’s high being less than the last bar’s high, and the last bar’s high being greater than the second to last bar’s high, and the last bar’s high being greater than the third to last bar’s high.
A bearish Fractal is defined by the current low being greater than the last bar’s low, and the last bar’s low being less than the second to last bar’s low, and the last bar’s low being less than the third to last bar’s low.
When there is that bullish or bearish fractal the value we store is either the last bar’s high or low respective to bullish or bearish fractal.
Once we have that value stored we either subtract the last bar’s low from the bullish Fractal value, and subtract the last bar’s high from the bearish Fractal value. Those are our Distances.
Code:
isBullishFractal() =>
high > high and high < high and high > high
isBearishFractal() =>
low < low and low > low and low < low
var float lastBullishFractal = na
var float lastBearishFractal = na
if isBullishFractal() and barstate.isconfirmed
lastBullishFractal := high
if isBearishFractal() and barstate.isconfirmed
lastBearishFractal := low
//------------------------------
//-------CACLULATION------------
//------------------------------
bullWaveDistance = na(lastBullishFractal) ? na : lastBullishFractal - low
bearWaveDistance = na(lastBearishFractal) ? na : high - lastBearishFractal
We then plot the bullish distance and the negative bearish distance.
The trade scenarios come from when one breaks the zero line and then goes back above or below. So if the last bullish distance was below 0 and is now above, or if the last negative bearish distance was above 0 and now below. We plot a green label below a candle for a bullish scenario, or a red label above a candle for a bearish one, you can turn them on or off.
Code:
plot(bullWaveDistance, color=color.green, title="Bull Wave Distance", linewidth=2)
plot(-bearWaveDistance, color=color.red, title="Bear Wave Distance", linewidth=2)
plot(0, "Zero Line", color=color.gray, display = display.pane)
bearish_reversal = plot_labels ? bullWaveDistance < 0 and bullWaveDistance > 0 : na
bullish_reversal = plot_labels ? -bearWaveDistance > 0 and -bearWaveDistance < 0 : na
plotshape(bullish_reversal, location=location.belowbar, color=color.green, style=shape.labelup, title="Bullish Fractal", text="↑", display = display.all - display.status_line, force_overlay = true)
plotshape(bearish_reversal, location=location.abovebar, color=color.red, style=shape.labeldown, title="Bearish Fractal", text="↓", display = display.all - display.status_line, force_overlay = true)
We can see in this daily NASDAQ:QQQ chart that the indicator gives us marks that can either be used as Reversal signals or as breathers in the trend.
Since it is designed to provide reversals, on something like Gold where the uptrend has been strong, the signals may be just short breathers, not full blown strong reversal signs.
The indicator works just as well intra day as it does on larger timeframes.
We encourage traders to not follow indicators blindly, none are 100% accurate. Please comment on any desired updates, all criticism is welcome!
AmirAli 20 Pairs/USDT&BTCThis TradingView indicator, titled "20 Pairs/USDT&BTC," is designed to analyze and display the Exponential Moving Averages (EMAs) of various cryptocurrency pairs against USDT and BTC. Here's a detailed breakdown of its features, functionality, and usage:
Key Features:
Pairs Display: The indicator allows users to select which cryptocurrency pairs they wish to display on the chart. The available options include popular cryptocurrencies such as Ethereum (ETH), Binance Coin (BNB), Solana (SOL), Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), Polkadot (DOT), Avalanche (AVAX), Uniswap (UNI), Chainlink (LINK), Cardano (ADA), Cosmos (ATOM), Filecoin (FIL), Stellar (XLM), VeChain (VET), Enjin (ENJ), Celo (CELO), Hedera (HBAR), and Sandbox (SAND).
Dynamic Price Retrieval: For each selected pair, the indicator retrieves the closing prices for both USDT and BTC from Binance. This is done using the request.security function, which fetches real-time data.
EMA Calculation: The indicator calculates and plots the EMA for each cryptocurrency pair over a user-defined length, allowing traders to identify trends and potential buy/sell signals based on price movements relative to their EMAs.
User Customization: Users can customize several parameters, including the time frame for data retrieval, EMA length, and the visibility of each pair.
Market Hours Visualization: The indicator highlights the trading hours with a gray background, helping users identify when the market is active.
How to Use the Indicator:
Adding the Indicator: To use the indicator, add it to your TradingView chart by searching for "20 Pairs/USDT&BTC" in the public library or by pasting the provided Pine Script code into a new indicator script.
Select Pairs: Enable or disable specific cryptocurrency pairs in the input options at the top of the script. For example, if you want to analyze ETH and ADA, ensure that the respective boxes are checked.
Adjust Time Frame: Set the time frame for the indicator. You can choose any time frame or leave it blank to use the current chart's time frame.
Set EMA Length: Choose the length for the EMA calculation based on your trading strategy. A shorter EMA (e.g., 5) reacts more quickly to price changes, while a longer EMA (e.g., 20) smooths out price fluctuations.
Observe Trends: Monitor the plotted EMAs for the selected pairs. Crossovers of the price with the EMA can indicate potential buy or sell signals. For instance, if the price crosses above the EMA, it may signal a bullish trend, whereas a crossover below could indicate a bearish trend.
Consider Market Hours: Pay attention to the gray background during U.S. trading hours, as this may indicate higher volatility and trading opportunities.
Conclusion
The "20 Pairs/USDT&BTC" indicator is a powerful tool for cryptocurrency traders looking to analyze multiple pairs simultaneously. By providing a visual representation of EMAs, it aids in identifying trends and potential trading opportunities in a user-friendly manner. Make sure to adapt the settings according to your trading strategy and market conditions for optimal results.
Amir Hasankhah & Ali Beyki
Engulfing Reversal Market PhaseStay at the right side of the market.
This indicator detects bullish and bearish phase in the market based on recent reversal.
It is designed to help filter your trades.
Open only long trades if indicator shows green and open only short trades when indicator shows red.
This indicator will detect bullish and bearish engulfing reversal pattern on the chart.
Bullish engulfing occurs when current candle closes below the bars that created the high.
Bearish engulfing occurs when current candle closes below the bars that created the high.
The reversal pattern occurs not only on a trend change, but can be also be present as a trend continuation pattern or a breakout pattern.
The indicator is able to detect 3 candle patterns and multi candle patterns if detects inside bars in the pattern.
Motive Wave Scanner [Trendoscope®]Motive Wave Scanner is a simple algorithm to find out motive waves as per the rules of Elliott Wave theory.
It is an extension to our previous open source script Interactive Motive Wave Checklist which provides interactive capability to select six points of a five wave formation. Once users select them, the rules of motive waves are applied to manually selected points to highlight them as either diagonal wave, motive wave or none.
This indicator does the same. But, instead of requesting the pivots manually from the user, the indicator automatically picks and scans them through zigzag.
We have already published a similar script as protected source. But, due to some changes in the pine engine, there have been few issues in the runtime. In this publication, we not only address those runtime issues but also making it open source for the users to make use of the source code and enhance it further.
🎲 What are motive waves
Motive waves are strong upward or downward movement with 5 subwaves.
Motive Wave in the upward direction will start with Swing High, Ends with Swing High and consists of 3 Higher Highs and 2 Higher Lows representing strong upward trend.
Motive Wave in the downward direction will start with Swing Low, Ends with Swing low and consists of 3 Lower Lows and 2 Lower Highs representing strong downward trend.
🎲 Types of Motive Waves
Motive Waves are broadly classified by two types:
Impulse Waves
Diagonal Waves
Diagonal Waves are further classified into Contracting and Expanding Diagonals. These can fall into the category of either leading diagonal and ending diagonal.
🎲 Rules of Motive Waves
🎯 Generic Rule of any motive waves are as follows
Should consist of 5 alternating waves. (Swing High followed by Swing low and vice versa)
This can start from Swing High and end in Swing High or start from Swing Low and end in Swing Low of a zigzag.
Wave-2 should not move beyond Wave-1. This means, the Wave-2 is always shorter than Wave-1 with respect to distance between the price of start and end.
Wave-3 always moves beyond Wave-1. This means, the Wave-3 is always longer than Wave-2 in terms of price
Among Wave-1, Wave-3, and Wave-5, Wave-3 is never the shortest one. This means, either Wave-1 or Wave-5 can be longer than Wave-3 but not both. Wave-3 can also be longest among the three.
Here is the pictorial representation of the rules of the Motive Waves
For a wave to be considered as motive wave, it also needs to follow the rules of either impulse or diagonal waves.
🎯 Rules for a 5 wave pattern to be considered as Impulse Wave are:
Wave-4 never overlaps with Wave-1 price range
Wave-1, Wave-3 and Wave-5 should not be either expanding or contracting. Meaning, we cannot have Wave-1 > Wave-3 > Wave-5 , and we cannot have Wave-1 < Wave-3 < Wave-5
Pictorial representation of the impulse wave rules are as below:
🎯 Rules for the Diagonal Waves are as follows
Contrary to the first rule of impulse wave, in case of diagonal wave, Wave-4 always overlaps with Wave-1 price range. But, it will not go beyond Wave-3
Waves are progressively expanding or contracting - Wave1 > Wave3 > Wave5 and Wave2 > Wave4 to be contracting diagonal. Wave1 < Wave3 < Wave5 and Wave2 < Wave4 to be expanding diagonal wave.
Pictorial representation of the Contracting Diagonal Wave is as below. Here, the Wave-1, Wave-3 and Wave-5 are in contracting formation.
Pictorial representation of the Expanding Diagonal Wave is as below. Here, the Wave-1, Wave-3 and Wave-5 are in expanding formation.
🎲 Indicator Settings
Indicator settings are defined as below:
Repaint Warning : If Repaint is selected, the indicator will throw a runtime error after certain bars or when alerts are set. This is due to some pine internal issue. At present, we do not have any solution for this until the internal issue is resolved by Tradingview Pine Team.
Liquidity VisualizerThe "Liquidity Visualizer" indicator is designed to help traders visualize potential areas of liquidity on a price chart. In trading, liquidity often accumulates around key levels where market participants have placed their stop orders or pending orders. These levels are commonly found at significant highs and lows, where traders tend to set their stop-losses or take-profit orders. The indicator aims to highlight these areas by drawing unbroken lines that extend indefinitely until breached by the price action.
Specifically, this indicator identifies and marks pivot highs and pivot lows, which are price levels where a trend changes direction. When a pivot high or pivot low is formed, it is represented on the chart with a horizontal line that continues to extend until the price touches or surpasses that level. The line remains in place as long as the level remains unbroken, which means there is potential liquidity still resting at that level.
The concept behind this indicator is that liquidity is likely to be resting at unbroken pivot points. These levels are areas where stop-loss orders or pending buy/sell orders may have accumulated, making them attractive zones for large market participants, such as institutions, to target. By visualizing these unbroken levels, traders can gain insight into where liquidity might be concentrated and where potential price reversals or significant movements could occur as liquidity is taken out.
The indicator helps traders make more informed decisions by showing them key price levels that may attract significant market activity. For instance, if a trader sees multiple unbroken pivot high lines above the current price, they might infer that there is a cluster of liquidity in that area, which could lead to a price spike as those levels are breached. Similarly, unbroken pivot lows may indicate areas where downside liquidity is concentrated.
In summary, this indicator acts as a "liquidity visualizer," providing traders with a clear, visual representation of potential liquidity resting at significant pivot points. This information can be valuable for understanding where price might be drawn to, and where large movements might occur as liquidity is targeted and removed by market participants.
Flat Tops/Bottoms aka Devil's MarkThis Pine script indicator is designed to visually depict price inefficiencies, as identified by Flat Top/Bottom Candles (aka Devil's Mark). A Flat Top/Bottom Candle is a scenario where there is an absence of a wick at the top or the bottom of the candle. These represent zones of inefficiency and will frequently act as magnets for price that the market will strive to rebalance in accordance with ICT principles.
Relevance:
Flat Top/Bottom Candles are zones where price delivery didn't provide opportunity for manipulation representing an inefficiency that the market will seek to rebalance. Consequently, these zones can provide good targets for entries in the opposite direction or take profit targets for previous entries in the direction of the Flat Top/Bottom Candle.
How It Works:
The indicator keeps track of all Flat Top/Bottom Candles from the beginning of the available history. It automatically removes all mitigated Flat Top/Bottom Candles, which are situations where the price has gone past the candle without a wick.
Configurability:
You can configure the colors, style & width of the lines used to represent flat top/bottom candles.
What makes this indicator different:
Designed with high performance in mind, to reduce impact on chart render time.
Only keeping the currently valid flat top/bottoms on the chart.
Consecutive CandlesTrading as Easy as One, Two, and Three
Unlock the power of simplicity in trading with this innovative script inspired by KepalaBesi. Designed for traders of all levels, this script provides a user-friendly approach to market analysis, enabling you to make informed trading decisions effortlessly.
Key Features:
Simplified Signals: Receive clear buy and sell signals based on robust technical indicators. The script streamlines your trading process, allowing you to focus on execution rather than analysis.
Customizable Settings: Tailor the script to fit your trading style. Adjust parameters to suit your risk tolerance and market preferences, ensuring a personalized trading experience.
Visual Clarity: Benefit from intuitive visual cues on your chart, making it easy to identify optimal entry and exit points. The clean interface helps you make quick decisions without confusion.
Whether you’re a seasoned trader or just starting, "Trading as Easy as One, Two, and Three" simplifies your trading journey, turning complex strategies into straightforward actions. Embrace a more efficient way to trade and elevate your performance in the markets!
Get Started Today!
Join the community of traders who have discovered the ease of trading with KepalaBesi's inspired script. Elevate your trading experience and achieve your financial goals with confidence!
Three Bar Reversal Pattern [LuxAlgo]The Three Bar Reversal Pattern indicator identifies and highlights three bar reversal patterns on the user price chart.
The script also provides an option for incorporating various trend indicators used to filter out detected signals, allowing them to enhance their accuracy and help obtain a more comprehensive analysis.
🔶 USAGE
The script automates the detection of three-bar reversal patterns and provides a clear, visually identifiable signal for potential trend reversals.
When a reversal chart pattern is confirmed and price action aligns with the pattern, the pattern's boundaries are extended, forming levels, with the upper boundary often acting as a resistance and the lower boundary as a support.
The script allows users to filter patterns based on a specific trend direction detected by multiple trend indicators. Users can choose to view patterns that are either aligned with the detected trend or opposite to it.
Included trend indicators are: Moving Average Cloud, Supertrend, and Donchian Channels.
🔶 DETAILS
The three-bar reversal pattern is a technical analysis pattern that signals a potential reversal in the prevailing trend. The pattern consists of three consecutive bar formations:
First Bar and Second Bar: 2 consecutive of the same sentiment, representing the prevailing trend in the market.
Third Bar: Confirms the reversal by closing beyond the high or low of the first bar, signaling a potential change in market sentiment.
Various types of three-bar reversal patterns are documented. The script supports two main types:
Normal Pattern: Detects three-bar reversal patterns without requiring the third bar closing price to surpass the high (bullish pattern) or low (bearish pattern) of the first bar. It identifies basic formations signaling potential trend reversals.
Enhanced Pattern: Specifically identifies three-bar reversal patterns where the third bar closing price surpasses the high (bullish pattern) or low (bearish pattern) of the first bar. This type provides a more selective signal for stronger trend reversals.
🔶 SETTINGS
Pattern Type: Users can choose the type of 3-bar reversal patterns to detect: Normal, Enhanced, or All. "Normal" detects patterns that do not necessarily surpass the high/low of the first bar. "Enhanced" detects patterns where the third bar surpasses the high/low of the first bar. "All" detects both Normal and Enhanced patterns.
Derived Support and Resistance: Toggles the visibility of the support and resistance levels/zones.
🔹 Trend Filtering
Filtering: Allows users to filter patterns based on the trend indicators: Moving Average Cloud, Supertrend, and Donchian Channels. The "Aligned" option only detects patterns that align with the trend and conversely, the "Opposite" option detects patterns that go against the trend.
🔹 Trend Indicator Settings
Moving Average Cloud: Allows traders to choose the type of moving averages (SMA, EMA, HMA, etc.) and set the lengths for fast and slow-moving averages.
Supertrend: Options to set the ATR length and factor for Supertrend.
Donchian Channels: Option to set the length for the channel calculation.
🔶 RELATED SCRIPTS
Reversal-Candlestick-Structure .
Reversal-Signals .
Consecutive Candle Detector Consecutive Candle Detector , can be used to highlight impulsive moves . 3 or more candles with the same colour in the same direction .
Set an alert notification to let you know price has moved in an impulsive way and is forming a pattern to sell or buy
CRT candles Multi-Timeframe Intrabar(open Source ) # CRT candles Multi-Timeframe Intrabar Indicator( open source )
This advanced indicator visualizes Candle Range Theory (CRT) across multiple timeframes, providing traders with a comprehensive view of market structure and potential high-probability setups.
## Key Features:
- Supports 7 timeframes: 30 minutes, 1 hour, 2 hours, 4 hours, daily, weekly, and monthly
- Customizable color schemes for each timeframe
- Options to display mid-level (50%) lines for each range
- Bullish and bearish touch detection with customizable label display
- End-of-line labels for easy identification of CRT levels
- Flexible alert system for touch detections on each timeframe
- Adjustable minimum and maximum bar count for range validity
- Options for wick touch and body touch detection
## How It Works:
The indicator plots CRT ranges for each selected timeframe, identifying potential accumulation, manipulation, and distribution phases. It detects when price touches these levels, providing visual cues and optional alerts for potential trade setups.
snapshot
## Customization:
Users can fine-tune the indicator's appearance and functionality through various input options, including:
- Toggling timeframes on/off
snapshot
- Adjusting colors for range lines and mid-levels
- Controlling label display and count
- Setting alert preferences
- Adjusting line widths and label offsets
## Usage:
This indicator is designed for traders familiar with Candle Range Theory and multi-timeframe analysis. It can be used to identify potential entry and exit points, confirm trends, and spot potential reversals across different timeframes.
## Note:
This indicator is for educational and informational purposes only. Always combine with other forms of analysis and proper risk management when making trading decisions.
## Credits:
Inspired by Romeo's Candle Range Theory and developed to provide a comprehensive multi-timeframe analysis tool.
ATR Band, Stop loss , Take Profit Lines, and Pip Distance# ATR Band, Take Profit Lines, and Pip Distance Indicator
This indicator helps traders identify potential stop loss and take profit levels using Average True Range (ATR) bands and custom multipliers. It provides a visual representation of these levels and calculates the pip distance to stop loss, aiding in risk management and trade planning.
## Key Features:
- ATR-based upper and lower bands for potential stop loss levels
- Two take profit levels above and below the ATR bands
- Customizable ATR period and multipliers for bands and take profit levels
- Pip distance calculation to stop loss levels
- Adjustable colors for all elements
## How to Use:
1. The ATR bands (blue and red lines) suggest potential stop loss levels.
2. Take profit levels are shown as green lines above and below the ATR bands.
3. Labels display the pip distance from the current or last close to the stop loss levels.
## Customization:
- Adjust the ATR period and multipliers to fit your trading style
- Customize colors for better visibility on your chart
- Choose between current candle or last close for pip distance calculation
Remember, this indicator is for informational purposes only. Always manage your risk carefully and consider using it in conjunction with other analysis tools and your trading strategy.
Good luck with your trading!
Advanced Marubozu DetectorAdvanced Marubozu Detector
This indicator identifies bullish and bearish Marubozu candles based on specific conditions:
Bullish Marubozu: Detected when the candle's body is completely green without upper or lower shadows, and it closes higher than the high of the previous candle.
Bearish Marubozu: Detected when the candle's body is completely red without upper or lower shadows, and it closes lower than the low of the previous candle.
The indicator plots a green arrow below the bullish Marubozu and a red arrow above the bearish Marubozu directly on the chart, making it easy to spot these patterns in any time frame.
Designed by : Morteza Bakhshi
Unlock the Power of Seasonality: Monthly Performance StrategyThe Monthly Performance Strategy leverages the power of seasonality—those cyclical patterns that emerge in financial markets at specific times of the year. From tax deadlines to industry-specific events and global holidays, historical data shows that certain months can offer strong opportunities for trading. This strategy was designed to help traders capture those opportunities and take advantage of recurring market patterns through an automated and highly customizable approach.
The Inspiration Behind the Strategy:
This strategy began with the idea that market performance is often influenced by seasonal factors. Historically, certain months outperform others due to a variety of reasons, like earnings reports, holiday shopping, or fiscal year-end events. By identifying these periods, traders can better time their market entries and exits, giving them an advantage over those who solely rely on technical indicators or news events.
The Monthly Performance Strategy was built to take this concept and automate it. Instead of manually analyzing market data for each month, this strategy enables you to select which months you want to focus on and then executes trades based on predefined rules, saving you time and optimizing the performance of your trades.
Key Features:
Customizable Month Selection: The strategy allows traders to choose specific months to test or trade on. You can select any combination of months—for example, January, July, and December—to focus on based on historical trends. Whether you’re targeting the historically strong months like December (often driven by the 'Santa Rally') or analyzing quieter months for low volatility trades, this strategy gives you full control.
Automated Monthly Entries and Exits: The strategy automatically enters a long position on the first day of your selected month(s) and exits the trade at the beginning of the next month. This makes it perfect for traders who want to benefit from seasonal patterns without manually monitoring the market. It ensures precision in entering and exiting trades based on pre-set timeframes.
Re-entry on Stop Loss or Take Profit: One of the standout features of this strategy is its ability to re-enter a trade if a position hits the stop loss (SL) or take profit (TP) level during the selected month. If your trade reaches either a SL or TP before the month ends, the strategy will automatically re-enter a new trade the next trading day. This feature ensures that you capture multiple trading opportunities within the same month, instead of exiting entirely after a successful or unsuccessful trade. Essentially, it keeps your capital working for you throughout the entire month, not just when conditions align perfectly at the beginning.
Built-in Risk Management: Risk management is a vital part of this strategy. It incorporates an Average True Range (ATR)-based stop loss and take profit system. The ATR helps set dynamic levels based on the market’s volatility, ensuring that your stops and targets adjust to changing market conditions. This not only helps limit potential losses but also maximizes profit potential by adapting to market behavior.
Historical Performance Testing: You can backtest this strategy on any period by setting the start year. This allows traders to analyze past market data and optimize their strategy based on historical performance. You can fine-tune which months to trade based on years of data, helping you identify trends and patterns that provide the best trading results.
Versatility Across Asset Classes: While this strategy can be particularly effective for stock market indices and sector rotation, it’s versatile enough to apply to other asset classes like forex, commodities, and even cryptocurrencies. Each asset class may exhibit different seasonal behaviors, allowing you to explore opportunities across various markets with this strategy.
How It Works:
The trader selects which months to test or trade, for example, January, April, and October.
The strategy will automatically open a long position on the first trading day of each selected month.
If the trade hits either the take profit or stop loss within the month, the strategy will close the current position and re-enter a new trade on the next trading day, provided the month has not yet ended. This ensures that the strategy continues to capture any potential gains throughout the month, rather than stopping after one successful trade.
At the start of the next month, the position is closed, and if the next month is also selected, a new trade is initiated following the same process.
Risk Management and Dynamic Adjustments:
Incorporating risk management with this strategy is as easy as turning on the ATR-based system. The strategy will automatically calculate stop loss and take profit levels based on the market’s current volatility, adjusting dynamically to the conditions. This ensures that the risk is controlled while allowing for flexibility in capturing profits during both high and low volatility periods.
Maximizing the Seasonal Edge:
By automating entries and exits based on specific months and combining that with dynamic risk management, the Ultimate Monthly Performance Strategy takes advantage of seasonal patterns without requiring constant monitoring. The added re-entry feature after hitting a stop loss or take profit ensures that you are always in the game, maximizing your chances to capture profitable trades during favorable seasonal periods.
Who Can Benefit from This Strategy?
This strategy is perfect for traders who:
Want to exploit the predictable, recurring patterns that occur during specific months of the year.
Prefer a hands-off, automated trading approach that allows them to focus on other aspects of their portfolio or life.
Seek to manage risk effectively with ATR-based stop losses and take profits that adjust to market conditions.
Appreciate the ability to re-enter trades when a take profit or stop loss is hit within the month, ensuring that they don't miss out on multiple opportunities during a favorable period.
In summary, the Ultimate Monthly Performance Strategy provides traders with a comprehensive tool to capitalize on seasonal trends, optimize their trading opportunities throughout the year, and manage risk effectively. The built-in re-entry system ensures you continue to benefit from the market even after hitting targets within the same month, making it a robust strategy for traders looking to maximize their edge in any market.
Risk Disclaimer:
Trading financial markets involves significant risk and may not be suitable for all investors. The Monthly Performance Strategy is designed to help traders identify seasonal trends, but past performance does not guarantee future results. It is important to carefully consider your risk tolerance, financial situation, and trading goals before using any strategy. Always use appropriate risk management and consult with a professional financial advisor if necessary. The use of this strategy does not eliminate the risk of losses, and traders should be prepared for the possibility of losing their entire investment. Be sure to test the strategy on a demo account before applying it in live markets.
ZERO LAG TRADE SIGNALS by BootcampZeroThe ZERO LAG TRADE SIGNALS by BootcampZero indicator is a versatile tool designed to help traders identify optimal entry and exit points for both short-term scalping and long-term trading across multiple time frames. It combines several well-known technical analysis methods, including moving averages, trend analysis, directional indicators, and adaptive trend calculations, to deliver reliable buy and sell signals.
Short-Term Scalping (Under 5-Minute Time Frames)
For short-term traders who prefer quick trades on lower time frames, such as under 5 minutes, this indicator uses a combination of the EMA (Exponential Moving Average) and SMA (Simple Moving Average) to spot fast trend reversals. The indicator is particularly useful for scalpers because it focuses on detecting short-term price momentum by comparing the faster-moving averages with slower ones, triggering signals based on their crossover.
Buy Signals are generated when a fast-moving EMA crosses above a slower-moving SMA, indicating upward momentum.
Sell Signals are triggered when the fast-moving EMA crosses below the slower-moving SMA, signaling potential downward price movement.
In addition, the Adaptive Trend Finder feature dynamically adjusts to recent price deviations and volatility, making it easier for scalpers to spot the prevailing short-term trend with high confidence. The indicator also uses ADX (Average Directional Index) for momentum confirmation, ensuring that signals are only generated during strong price trends, reducing false positives in sideways markets.
Long-Term Trading (Above 1-Day Charts)
When applied to higher time frames such as daily charts or above, this indicator excels in generating reliable long-term buy and sell signals, perfect for swing traders and long-term investors. The Kaufman Adaptive Moving Average (KAMA) and the Ichimoku Cloud are used to assess long-term trends by filtering out market noise and focusing on sustainable price direction.
KAMA helps to adapt the moving average based on market volatility, providing smoother signals that minimize whipsawing in longer-term trades.
Ichimoku Cloud provides additional trend confirmation by identifying whether the market is bullish or bearish based on the relationship between key lines like the Tenkan-Sen (Conversion Line) and Kijun-Sen (Base Line), and how the current price interacts with the Ichimoku Cloud itself.
The indicator also integrates PPO (Percentage Price Oscillator) to capture divergences between price and momentum, further supporting traders in holding positions for extended periods when the signal strength is robust.
Key Technical Values and Factors for Signals
EMA and SMA Crossover: Fast EMA vs. Slow SMA to detect short-term trend reversals.
ADX: Helps gauge the strength of the trend; signals are only generated in trending markets.
KAMA: Filters noise in long-term trends, providing smooth signals based on market volatility.
Ichimoku Cloud: Offers insight into long-term trends and momentum by analyzing price relative to the cloud.
PPO: Detects divergences between price and momentum for trend continuation or reversal signals.
How It Works
Buy signals are generated when bullish conditions are met, and the indicator confirms momentum with ADX, crossover of the EMAs, or a bullish breakout from the Ichimoku Cloud.
Sell signals are triggered when bearish conditions prevail, confirmed by the same factors in reverse, such as a bearish EMA crossover or weakness in ADX.
By combining these powerful tools, ZERO LAG TRADE SIGNALS by BootcampZero offers traders a comprehensive system for both quick scalping trades and more conservative long-term positioning, providing reliable and adaptive signals across different market conditions.
