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Mikula's Master 360° Square of 12Mikula’s Master 360° Square of 12 An educational W. D. Gann study indicator for price and time. Anchor a compact Square of 12 table to a start point you choose. Begin from a bar’s High or Low (or set a manual start price). From that anchor you can progress or regress the table to study how price steps through cycles in either direction. What you’re looking at : Zodiac rail (far left): the twelve signs. Degree rail: 24 rows in 15° steps from 15° up to 360°/0°. Transit rail and Natal rail: track one planet per rail. Each planet is placed at its current row (℞ shown when retrograde). As longitude advances, the planet climbs bottom → top, then wraps to the bottom at the next sign; during retrograde it steps downward. Hover a planet’s cell to see a tooltip with its exact longitude and sign (e.g., 152.4° ♌︎). The linked price cell in the grid moves with the planet’s row so you can follow a planet’s path through the zodiac as a path through price. Price grid (right): the 12×24 Square of 12. Each column is a cycle; cells are stepped price levels from your start price using your increment. Bottom rail: shows the current square number and labels the twelve columns in that square. How the square is read The square always begins at the bottom left. Read each column bottom → top. At the top, return to the bottom of the next column and read up again. One square contains twelve cycles. Because the anchor can be a High or a Low, you can progress the table upward from the anchor or regress it downward while keeping the same bottom-to-top reading order. Iterate Square (shifting) Iterate Square shifts the entire 12×24 grid to the next set of twelve cycles. Square 1 shows cycles 1–12; Square 2 shows 13–24; Square 3 shows 25–36, etc. Visibility rules Pivot cells are table-bound. If you shift the square beyond those prices, their highlights won’t appear in the table. A/B levels and Transit/Natal planetary lines are chart overlays and can remain visible on the table as you shift the square. Quick use Choose an anchor (date/time + High/Low) or enable a manual start price . Set the increment. If you anchored with a Low and want the table to step downward from there, use a negative value. Optional: pick Transit and Natal planets (one per rail), toggle their plots, and hover their cells for longitude/sign. Optional: turn on A/B levels to display repeating bands from the start price. Optional: enable swing pivots to tint matching cells after the anchor. Use Iterate Square to shift to later squares of twelve cycles. Examples These are exploratory examples to spark ideas: Overview layout (zodiac & degree rails, Transit/Natal rails, price grid) A-levels plotted, pivots tinted on the table, real-time price highlighted Drawing angles from the anchor using price & time read from the table Using a TradingView Gann box along the A-levels to study reactions Attribution & originality This script is an original implementation (no external code copied). Conceptual credit to Patrick Mikula, whose discussion of the Master 360° Square of 12 inspired this study’s presentation. Further reading (neutral pointers) Patrick Mikula, Gann’s Scientific Methods Unveiled, Vol. 2, “W. D. Gann’s Use of the Circle Chart.” W. D. Gann’s Original Commodity Course (as provided by WDGAN.com). No affiliation implied. License CC BY-NC-SA 4.0 (non-commercial; please attribute @Javonnii and link the original). Dependency AstroLib by @BarefootJoey Disclaimer Educational use only; not financial advice.
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Javonnii tarafından
5
Buy/sell EMA Crossover with 5 ema RibbonThe indicator has 2 indicators in 1, based all on customizable ema's. The main ema signal indicator is customizable for the length , at the ema crossover the indicator will plot the main (biggerarrow )buy or sell signal when the crossover happens and plot(smaller) directional arrows on all the following candles after the crossover, this helps with the visuals for the main trend. The 2nd indicator is a also customizable ema ribbon that will help in the trend direction.(ex: you can plot larger length ema's for better visual of the main on any timeframe. The indicator is designed for easy ema visuals with background trend color change, and color change on the main 2 ema crossover for easy detection of the price trend.
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angel68roa tarafından
2
Alpha Chart Patterns [AlphaGroup.Live]What it does Automatically detects classical patterns and draws clean, price-anchored annotations with a single, text-only label per pattern (no filled background). Each label includes the pattern name and bias (Bullish/Bearish). Uses confirmed pivots, so it’s non-repainting after confirmation. Detected patterns: Double Top / Double Bottom Head & Shoulders / Inverse H&S Triangles: Ascending, Descending, Symmetrical How it works The script builds swing structure from confirmed pivot highs/lows. Tolerance and minimum swing filters keep only meaningful structures. Triangle detection looks for falling highs / rising lows (or flat sides) within a configurable window. Drawings and labels are anchored to bar_index and the price scale so they follow candles when you pan/zoom. Inputs Pivot Left/Right Bars : pivot sensitivity (higher = stricter, fewer signals). Level Tolerance (%) : how close “equal” highs/lows must be (double tops/bottoms, flat triangle sides). Min Swing Size (%) : filters out tiny wiggles. Triangles Window (bars) : max span used when validating triangles. Max Lookback (bars) : limits how far back objects are drawn. Label Offset (ATR) : vertical offset for labels to avoid covering price. Draw Necklines / Borders : toggle helper lines. Bullish/Bearish Text & Line Colors + Neutral Line Color : fully editable to match light/dark themes. Alerts One-shot alerts are provided for each pattern. After adding the script to your chart: Create Alert → Condition: this script → choose the specific pattern event (e.g., “Ascending Triangle”). Alerts trigger once per newly labeled instance. Tips If drawings ever appear detached after manual scale changes, enable Pin to right scale in the script’s Style (or just toggle the indicator once). For noisier markets/timeframes, increase Pivot Bars and/or Min Swing . Combine with trend/volume for confirmation. Non-repainting note Patterns are confirmed using completed pivots (labels appear only after the swing completes), so past signals don’t repaint. Known limitations Classical pattern recognition is heuristic by nature. Structures can overlap, and triangle classifications may vary with tolerance choices. Tune inputs to your instrument/timeframe. Open-source Pine Script v6. Clone, tweak, and share improvements. Please credit “Alpha Chart Patterns” if you fork. Change log v1.0 — Initial release: DT/DB, H&S/Inverse, Asc/Desc/Sym triangles, editable colors, minimal labels, price-anchored drawings, one-shot alerts.
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AlphaGroupLive tarafından
Chart Patterns – [AlphaGroup.Live] # 📈 Chart Patterns Indicator – Stop guessing. This tool hunts down the **10 most powerful price action patterns** and prints them on your chart exactly where they happen — once. No spam. No noise. ### Patterns Detected: - Ascending / Descending / Symmetrical Triangles - Rising & Falling Wedges - Bull & Bear Flags - Bull & Bear Pennants - Double Tops & Bottoms - Head & Shoulders / Inverse Head & Shoulders ### Why Traders Use It: - **Clean execution**: Labels appear once, exactly where the structure forms. - **No clutter**: Lines are capped, anchored, and never stretch across your entire chart. - **Control**: Adjustable lookback, label spacing, and style. ### How to Apply: - Catch continuation setups before the breakout. - Identify reversal structures before the crowd. - Train your eyes to see what institutions use to move billions. ⚡ Want more? Get **100 battle-tested trading strategies**: 👉 (alphagroup.live) This isn’t theory. It’s structure recognition at scale. Use it — or keep drawing lines by hand and falling behind.
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AlphaGroupLive tarafından
Comet C/2025 N1 (ATLAS) Ephemeris☄️ Ephemeris How-To: Plot JPL Horizons Data on TradingView (Educational) Overview This open-source Pine Script™ v6 indicator demonstrates how to bring external astronomical ephemeris into TradingView and plot it on a daily chart. Using Comet C/2025 N1 (ATLAS) as an example dataset, it shows the mechanics of structuring arrays, indexing by date, and drawing past and forward ( future projections ) values—strictly as an educational visualization of celestial motion. Why This Approach Data is generated from NASA JPL Horizons, a mission-grade, publicly available ephemeris service ( (ssd.jpl.nasa.gov)). On the daily timeframe, Horizons provides high-precision positions you can regenerate whenever solutions update—useful for educational accuracy in exploring orbital data. What’s Plotted - Geocentric ecliptic longitude (Earth-view) - Heliocentric ecliptic longitude (Sun-centered) - Declination (deg from celestial equator) Features - Simple arrays + date indexing (no per-row timestamps) - Circles for historical/current bars; polylines to connect forward points, emphasizing future projections - Toggle any series on/off via inputs - Daily timeframe enforced (runtime error if not 1D) - Optional table with zodiac conversion (AstroLib by BarefootJoey) Data & Updates The example arrays span 2025-07-01 (discovery date) → 2026-01-01. You can refresh them anytime from JPL Horizons (Observer: Geocentric; daily step; include ecliptic lon/lat and declination) and paste the new values into the script. How we pulled the ephemeris from JPL Horizons (quick guide): 0) Open ssd.jpl.nasa.gov System 1. Ephemeris Type: Observer Table 2. Target Body: C/2025 N1 (ATLAS) (or any object you want) 3. Observer Location: Geocentric 4. Time Specification: set Start, Stop, Step = 1 day 5. Table Settings → Quantities: * Astrometric RA & Dec * Heliocentric ecliptic longitude & latitude * Observer (geocentric) ecliptic longitude & latitude 6. Additional Table Settings: * Calendar format: Gregorian * Date/Time: calendar (UTC), Hours & Minutes (HH:MM) * Angle format: Decimal degrees * Refraction model: No refraction / airless * Range units: Astronomical units (au) 7. Generate → Download results (CSV or text). 8. Use AI or a small script to parse columns (e.g., Obs ecliptic lon, Helio ecliptic lon, Declination) into arrays, then paste them into your Pine script. Educational Note This indicator’s goal is to show how to prepare and plot ephemeris—so you can adapt the method for other comets or celestial bodies, or swap in data from existing astro libraries, for learning about astronomical projections using JPL daily data. Credits & License - Ephemeris: Solar System Dynamics Group, Horizons On-Line Ephemeris System, 4800 Oak Grove Drive, Jet Propulsion Laboratory, Pasadena, CA 91109, USA. - Zodiac conversion: AstroLib by BarefootJoey - License: MIT - For educational use only.
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Javonnii tarafından
Sinusoidal Cycles OscillatorTitle: Sinusoidal Cycles Oscillator – Multi-Cycle Market Indicator Description: Discover market rhythm with the Sinusoidal Cycles Oscillator, a powerful tool for technical analysis and cyclical trading. Three customizable cycles track short, medium, and long-term market oscillations. Cycle 1 serves as the main reference wave with an optional mirror envelope. Cycles 2 & 3 provide supporting harmonics for deeper insight. Composite wave averages all cycles to reveal overall market phase. Features: Fully adjustable periods and amplitude. Visualize tops, bottoms, and turning points at a glance. Oscillator ranges from -1 to +1 with clear threshold guides. Ideal for traders using cycle analysis, harmonic trading, or market timing. Easy-to-read visual overlay and separate panel option. Use it to: Identify potential price reversals. Compare market cycles across multiple timeframes. Enhance timing and entry/exit decisions.
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egghen tarafından
Rolling Correlation BTC vs Hedge AssetsRolling Correlation BTC vs Hedge Assets Overview This indicator calculates and plots the rolling correlation between Bitcoin (BTC) returns and several key hedge assets: • XAUUSD (Gold) • EURUSD (proxy for DXY, U.S. Dollar Index) • VIX (Volatility Index) • TLT (20y U.S. Treasury Bonds ETF) By monitoring these dynamic correlations, traders can identify whether BTC is moving in sync with risk assets or decoupling as a hedge, and adjust their trading strategy accordingly. How it works 1. Computes returns for BTC and each asset using percentage change. 2. Uses the rolling correlation function (ta.correlation) over a configurable window length (default = 12 bars). 3. Plots each correlation as a separate colored line (Gold = Yellow, EURUSD = Blue, VIX = Red, TLT = Green). 4. Adds threshold levels at +0.3 and -0.3 to help classify correlation regimes. How to use it • High positive correlation (> +0.3): BTC is moving together with the asset (risk-on behavior). • Near zero (-0.3 to +0.3): BTC is showing little to no correlation — neutral/independent moves. • Negative correlation (< -0.3): BTC is moving in the opposite direction — potential hedge opportunity. Practical strategies: • Watch BTC vs VIX: a spike in volatility (VIX ↑) usually coincides with BTC selling pressure. • Track BTC vs EURUSD: stronger USD often puts downside pressure on BTC. • Observe BTC vs Gold: during “flight to safety” events, gold rises while BTC weakens. • Monitor BTC vs TLT: rising yields (falling TLT) often align with BTC weakness. Inputs • Window Length (bars): Number of bars used to calculate rolling correlations (default = 12). • Comparison Timeframe: Default = 5m. Can be changed to align with your intraday or swing trading style. Notes • Works best on intraday charts (1m, 5m, 15m) for scalping and short-term setups. • Use correlations as context, not standalone signals — combine with volume, VWAP, and price action. • Correlations are dynamic; they can switch regimes quickly during macro events (CPI, NFP, FOMC). This tool is designed for traders who want to manage risk exposure by monitoring whether BTC is behaving as a risk-on asset or hedge, and to exploit opportunities during decoupling phases.
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leobuezo tarafından
PanelWithGrid v1.7PanelWithGrid v1.7 - Advanced Multi-Timeframe Grid and Panel Indicator DESCRIPTION: PanelWithGrid v1.7 is a comprehensive tool for traders who want to monitor multiple timeframes simultaneously while operating based on a customizable price grid. This indicator combines two essential functionalities in a single script: 🎯 MAIN FEATURES: ✅ CUSTOMIZABLE GRID SYSTEM Configurable timeframe for the grid base (1M to Monthly) Selection of the reference candlestick level (0 = current, 1 = previous, etc.) NEW: Custom price as the grid base Adjustable distance between lines in points Colored lines (red = base, blue = above, gold = below) Informative label with the base value ✅ COMPLETE MULTI-TIMEFRAME DASHBOARD Monitoring of 11 timeframes: 1M, 5M, 15M, 30M, 1H, 2H, 3H, 4H, 6H, 12H, and 1D Real-time data: open, close, difference, and candlestick type Countdown to close Each candle Intuitive colors (green for bullish, red for bearish) ✅ CONFLUENCE SYSTEM Visual and audio alerts for bullish/bearish confluence on all timeframes Special confluence analysis for 1H candles after 30 minutes of formation Buy/sell arrows on the chart for clear signals ⚙️ MAIN SETTINGS: Grid Settings: Timeframe for Grid: Select the period for the baseline Candle Level: 0 (current candle), 1 (last candle), etc. Grid Distance: Distance between lines in points NEW: Use Custom Price - Enables manual price as a base Custom Close Price - Sets the manual value for the grid 🎨 VISUAL: Grid with lines extended to the right Panel positioned in the upper left corner Colors organized for easy interpretation Informative labels directly on the chart 🔔 ADVANCED FEATURES: Alerts configured for confluences Optimized for performance Real-time updates Compatible with all pairs and markets PERFECT FOR: Scalpers and day traders Level-based trading Multiple timeframe analysis Reversal and breakout strategies UPDATE v1.7: Added custom price option for the grid Improved line stability Performance optimization Bug fixes minors INSTRUCTIONS FOR USE: Apply the indicator to the chart Set the desired timeframe and level for the grid Adjust the distance between lines according to your strategy Use the custom price if you want a specific basis Monitor the dashboard to see the convergence between timeframes Trade based on the identified confluences
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itasouza tarafından
NQ FVG + MSS ChecklistThe NQ FVG + MSS Quick Checklist is a visual trading HUD for Nasdaq 100 (NQ) futures. It helps traders quickly track key setup elements: session & previous day levels, 5M FVG, retests, 1M MSS, and 1M FVG inside MSS. Each step can be manually ticked, and a Trade Score shows setup strength at a glance. The checklist table sits on top of all chart elements for easy reference without interfering with your analysis. Features: Step-by-step NQ trading checklist Manual inputs with visual ✅/❌ Trade Score for quick setup confirmation Table overlay always on top of the chart
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FXNotes tarafından
NQ FVG + MSS ChecklistThe NQ FVG + MSS Quick Checklist is a simple yet powerful visual tool for traders focusing on the Nasdaq 100 (NQ) futures. It provides a step-by-step checklist to assess trade setups based on key market concepts like Fair Value Gaps (FVG), Market Structure Shifts (MSS), session highs/lows, and previous day levels. This indicator helps you quickly see which elements of your trading plan are met before entering a trade. Each checklist item can be manually toggled, and a cumulative Trade Score provides a quick visual guide to setup strength. Key Features: Step-by-step checklist for NQ trading setups Track levels: Session highs/lows & Previous Day High/Low Spot 5M FVG and Retests Identify MSS on 1M and find 1M FVG inside MSS Manual SL & TP guidance Trade Score for quick setup strength assessment Fully visible table overlay on top of the chart How to Use: Mark session & previous day levels Observe reaction at key levels (Sweep or Continue) Identify 5M FVG and any retests Spot 1M MSS and 1M FVG inside MSS Set SL/TP based on FVG extremes and next session levels Check the cumulative Trade Score for setup confirmation Note: This indicator is manual input-based, letting traders tick off items as they analyze the chart, making it a lightweight trading checklist HUD that stays on top of all chart elements.
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FXNotes tarafından
Custom Support & Resistance Levels (Manual Input)This indicator lets you plot your own support levels (and can be extended for resistance) directly on the chart by entering them as comma-separated values. 📌 Supports manual input for multiple price levels. 📊 Lines are extended across the chart for clear visualization. 🎨 Dynamic coloring: Green if the current price is above the level. Red if the current price is below the level. 🧹 Old lines are automatically cleared to avoid clutter. This tool is ideal if you: Prefer to mark your own key zones instead of relying only on auto-detected levels. Want clean and simple visualization of critical price areas. 👉 Coming soon: Resistance levels input (commented in the code, can be enabled).
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Jothy_9645 tarafından
Kitti-Playbook ATR Study R0 Date : Aug 22 2025 Kitti-Playbook ATR Study R0 This is used to study the operation of the ATR Trailing Stop on the Long side, starting from the calculation of True Range. 1) Studying True Range Calculation 1.1) Specify the Bar graph you want to analyze for True Range.
Enable "Show Selected Price Bar" to locate the desired bar. 1.2) Enable/disable "Display True Range" in the Settings.
True Range is calculated as:
TR = Max (|H - L|, |H - Cp|, |Cp - L|) • Show True Range:
Each color on the bar represents the maximum range value selected: ◦ |H - L| = Green ◦ |H - Cp| = Yellow ◦ |Cp - L| = Blue • Show True Range on Selected Price Bar:
An arrow points to the range, and its color represents the maximum value chosen: ◦ |H - L| = Green ◦ |H - Cp| = Yellow ◦ |Cp - L| = Blue • Show True Range Information Table:
Displays the actual values of |H - L|, |H - Cp|, and |Cp - L| from the selected bar. 2) Studying Average True Range (ATR) 2.1) Set the ATR Length in Settings.
Default value: ATR Length = 14 2.2) Enable/disable "Display Average True Range (RMA)" in Settings: • Show ATR • Show ATR Length from Selected Price Bar
(An arrow will point backward equal to the ATR Length) 3) Studying ATR Trailing 3.1) Set the ATR Multiplier in Settings.
Default value: ATR Multiply = 3 3.2) Enable/disable "Display ATR Trailing" in Settings: • Show High Line • Show ATR Bands • Show ATR Trailing 4) Studying ATR Trailing Exit (Occurs when the Close price crosses below the ATR Trailing line) Enable/disable "Display ATR Trailing" in Settings: • Show Close Line • Show Exit Points
(Exit points are marked by an orange diamond symbol above the price bar)
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Kittimasak_S tarafından
BOS FVG IndicatorBOS FVG Indicator (Smart Market Structure Tool) 🔎 Overview The BOS FVG Indicator is a smart price-action–based tool that combines Break of Structure (BOS), Change of Character (CHoCH), Fair Value Gaps (FVG), Supertrend, and ADX strength into one powerful indicator. It helps traders identify market structure shifts, imbalances, and high-probability trade setups while also highlighting no-trade zones (NTZ) where the market is choppy or lacks trend strength. This indicator is designed for intraday and swing traders who follow ICT-style concepts or price-action based trading. ⚡ Key Features Break of Structure (BOS) & CHoCH Detection Labels bullish BOS (📈 BOS↑) and bearish BOS (📉 BOS↓). Highlights structure shifts for trend confirmation. Fair Value Gaps (FVG) Auto-detects bullish and bearish FVGs. Draws transparent boxes with labels where imbalances appear. Supertrend Confirmation Adaptive supertrend line with dynamic coloring (green = bullish, red = bearish). No Trade Zone (NTZ) Automatically shades background gray when ADX is weak or no BOS detected. Helps avoid false signals in sideways/choppy markets. Multi-Timeframe Context Previous 4H candle range plotted as a dotted yellow box. Useful for intraday traders tracking HTF liquidity zones. Signal Strength Regular and Strong Buy/Sell signals based on ADX confirmation. Labels include entry info, RR (2:1), and trend strength. Market Info Dashboard Table on chart showing ADX strength, current trend, and trade zone status. 🛠 How to Use Add to Chart → Apply the indicator to any timeframe (works best on 5m–1H for intraday, 4H–Daily for swing). Choose Mode Indicator Mode → Shows visual signals, BOS, FVG, NTZ zones, and dashboard. Strategy Mode → Displays trade entry labels with RR info for backtesting setups. Filters Only trade signals when ADX > threshold and NTZ is inactive. Confirm with Supertrend direction + BOS + FVG alignment. Entries & Exits Long Entry → Bullish BOS + Bullish FVG + Trend bullish. Short Entry → Bearish BOS + Bearish FVG + Trend bearish. Stop Loss: Recent swing high/low. Take Profit: Auto-suggested 2:1 RR. 🔔 Alerts Set alerts to never miss key signals: ✅ Bullish / Bearish BOS ✅ Bullish / Bearish FVG ✅ Strong Buy / Sell ✅ Regular Buy / Sell ✅ Long / Short Entries ✅ No Trade Zone active Alerts are pre-configured with clear messages (📈, 📉, 🚀, 🟢, 🔴, ⚪). 📌 Best Use Cases ICT-style liquidity and FVG traders. Intraday traders filtering strong vs weak signals. Swing traders using multi-timeframe confirmation. Traders who want an all-in-one market structure toolkit. 👉 This script is not financial advice. Always backtest before using in live markets.
Pine Script® göstergesi
sufiyan99 tarafından
DMI MTF Color Table v5DMI Multi-Timeframe Color Table v5 A comprehensive DMI (Directional Movement Index) table that displays trend direction and strength across multiple timeframes simultaneously. This indicator helps traders quickly assess market conditions and identify confluence across different time horizons. Features: Multi-timeframe analysis (7 configurable timeframes) Color-coded cells based on trend strength and direction Real-time current market condition display Customizable strength thresholds and color schemes Multiple display modes (All, DI+ Only, DI- Only, ADX Only) Text-based strength classifications (STRONG/MEDIUM/WEAK) Directional bias indicators (BULL/BEAR) How It Works: The table shows DI+, DI-, and ADX values across your chosen timeframes with intelligent color coding: Green shades indicate bullish momentum (DI+ > DI-) Red shades indicate bearish momentum (DI- > DI+) Color intensity reflects trend strength based on ADX values Current market condition appears in top-right corner Display Options: Toggle numerical values, strength text, and timeframe labels Adjustable table size and transparency Customizable color schemes for all conditions Optional current timeframe DMI plot overlay Educational Use: This tool is designed for educational purposes to help understand multi-timeframe analysis and DMI interpretation. All trading decisions should be based on your own analysis and risk management. Credits: Original concept and development by Profitgang. If you use or modify this script, please provide appropriate credit to the original author. Note: This indicator is for analysis purposes only. Past performance does not guarantee future results. Always conduct your own research and consider your risk tolerance before making trading decisions.
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profitgang tarafından
Guitar Hero [theUltimator5]The Guitar Hero indicator transforms traditional oscillator signals into a visually engaging, game-like display reminiscent of the popular Guitar Hero video game. Instead of standard line plots, this indicator presents oscillator values as colored segments or blocks, making it easier to quickly identify market conditions at a glance. Choose from 8 different technical oscillators: RSI (Relative Strength Index) Stochastic %K Stochastic %D Williams %R CCI (Commodity Channel Index) MFI (Money Flow Index) TSI (True Strength Index) Ultimate Oscillator Visual Display Modes 1) Boxes Mode : Creates distinct rectangular boxes for each bar, providing a clean, segmented appearance. (default) This visual display is limited by the amount of box plots that TradingView allows on each indictor, so it will only plot a limited history. If you want to view a similar visual display that has minor breaks between boxes, then use the fill mode. 2) Fill Mode : Uses filled areas between plot boundaries. Use this mode when you want to view the plots further back in history without the strict drawing limitations. Five-Level Color-Coded System The indicator normalizes all oscillator values to a 0-100 scale and categorizes them into five distinct levels: Level 1 (Red): Very Oversold (0-19) Level 2 (Orange): Oversold (20-29) Level 3 (Yellow): Neutral (30-70) Level 4 (Aqua): Overbought (71-80) Level 5 (Lime): Very Overbought (81-100) Customization Options Signal Parameters Signal Length: Primary period for oscillator calculation (default: 14) Signal Length 2: Secondary period for Stochastic %D and TSI (default: 3) Signal Length 3: Tertiary period for TSI calculation (default: 25) Display Controls Show Horizontal Reference Lines: Toggle grid lines for better level identification Show Information Table: Display current signal type, value, and normalized value Table Position: Choose from 9 different screen positions for the info table Display Mode: Switch between Boxes and Fills visualization Max Bars to Display: Control how many historical bars to show (50-450 range) Normalization Process The indicator automatically normalizes different oscillator ranges to a consistent 0-100 scale: Williams %R: Converts from -100/0 range to 0-100 CCI: Maps typical -300/+300 range to 0-100 TSI: Transforms -100/+100 range to 0-100 Other oscillators: Already use 0-100 scale (RSI, Stochastic, MFI, Ultimate Oscillator) This was designed as an educational tool The gamified approach makes learning about oscillators more engaging for new traders.
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TheUltimator5 tarafından
Opening Range BreakoutOpen Range Breakout (ORB) – Trading Strategy Documentation Definition: The Open Range Breakout (ORB) is a short-term trading strategy that identifies the price range established during the initial period of market opening (typically the first 15 to 60 minutes) and uses the high and low of that range as key reference levels for potential breakout entries. Components: Open Range High: The highest price traded during the defined opening period. Open Range Low: The lowest price traded during the same period. Breakout Trigger: A price move above the Open Range High or below the Open Range Low, signaling potential continuation momentum. How It Works: Define the Opening Period: Select a time window (e.g., 30 minutes) at market open to establish the initial range. Identify Range Boundaries: Record the high and low prices during this period. Monitor for Breakout: Watch for price to break and close above the Open Range High (bullish breakout) or below the Open Range Low (bearish breakout). Enter Trade: Enter long on a confirmed break above the Open Range High, or short on a break below the Open Range Low. Entry may be triggered on a retest of the broken level or with volume confirmation. Set Stop-Loss and Target: Stop-loss: Placed just inside the open range (e.g., below the high for long, above the low for short). Profit target: Based on volatility (e.g., ATR multiple) or support/resistance levels. Key Assumptions: Early price action reflects initial market sentiment. A breakout from this range indicates strong directional momentum likely to continue. Best Conditions: High liquidity markets (e.g., major indices, large-cap stocks). Volatile or news-driven trading sessions. Used primarily in intraday trading. Limitations: Prone to false breakouts during low-volume or choppy markets. Requires strict risk management due to reliance on timing and confirmation. Conclusion: The ORB strategy capitalizes on early market momentum by trading breakouts from the initial price range. Its effectiveness depends on precise range definition, timely execution, and disciplined risk control.
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Broly_88 tarafından