FTD — Göstergeler ve Stratejiler

(FTD) Follow-Through Day Signal Follow-Through Day (FTD) Signal This indicator detects potential Follow-Through Days (FTDs) — a concept popularized by William O’Neil — to help identify possible market trend confirmations. A Follow-Through Day occurs when an index shows strong upside action on higher volume several days after a market low, suggesting institutional buying rather than short covering. How it works: The indicator checks for a session where the price gains a defined minimum percentage from the prior close (default: 1.2% or more). Volume must be greater than the previous day’s volume. The rally must occur at least three days after a recent low, determined by the lookback period (default: 20 days). Additional safeguards require that recent bars are not making new lows and that the bar three days prior either closed positive or was not at a new low — filtering out false signals from oversold bounces. When all conditions are met, a blue up arrow is plotted beneath the bar, and an optional “FTD” label appears if enabled. Inputs: Min % Gain from Previous Close (%): Sets the minimum daily percentage gain to qualify as a Follow-Through Day. Lookback Period for Lowest Low Checks: Defines how many bars back to search for a recent market low (default: 20). Show Signal Label: Toggles the on-chart “FTD” label display. Usage: This indicator is intended for use on daily charts of major market indexes — such as the Nasdaq Composite (symbol: IXIC) or broad index ETFs including QQQ, SPY, and DIA — where Follow-Through Day signals are most relevant for confirming potential trend reversals.

Vietnamese Stock Market FTD (Follow Through Day) Alert A Pine Script implementing William O'Neil’s Follow Through Day (FTD) strategy for the Vietnamese stock market. It scans 7 predefined sector groups (Banks, Real Estate, Retail, etc.) to detect momentum breakouts. Key Features : Triggers an FTD signal when ≥X groups (default: 3) have ≥Y stocks (default: 2) rising above a Z% threshold (default: 5%) daily. Highlights qualifying stocks by group in a dynamic label during alerts. Visualizes strength via histograms and background shading. Open-source under Mozilla Public License 2.0 . Purpose : Identify institutional buying and potential market reversals.

Follow Through Day (FTD) + Sweep [TrendX_]The Follow Through Day (FTD) + Sweep indicator is a Trend-following tool mixing William O'Neil's original FTD concept and Liquidity concept. This indicator helps you identify potential subsequent bullish trends with greater precision by combining volume analysis, price action, and liquidity concepts. 💎 FEATURES Follow Through Day Candle (FTD Candle) The FTD, pioneered by William O'Neil, serves as a reliable signal for identifying the beginning of new bull markets. It's particularly valuable because it combines multiple market factors - price action, volume, and timing - to confirm genuine market reversals rather than temporary bounces. The power of the FTD lies in its ability to distinguish between ordinary market fluctuations and significant trend changes. By requiring specific criteria to be met across multiple sessions, it helps filter out false signals and identifies high-probability reversal points where institutional investors are likely beginning to accumulate positions. Sweep Area The Sweep area feature enhances the traditional FTD concept by incorporating modern liquidity analysis. This overlay identifies zones where large market participants are likely to trigger stop losses before continuing the trend. These areas often represent optimal entry points for traders looking to join the new uptrend with reduced risk. 🔎 BREAKDOWN FTD Candle The FTD formation process occurs in two distinct phases: Setup and Completion. Setup Phase Strong Market Decline The market must first experience a significant downtrend This selling pressure helps clear out weak hands and creates oversold conditions The decline creates the potential energy for a powerful reversal First Recovery Session Marks the initial sign of buying pressure emerging Often characterized by a strong reversal candle Represents the first indication that selling pressure may be exhausting Recovery Confirmation The second and third days must maintain prices above the new pivot low This consolidation period helps confirm the validity of the initial bounce Shows that sellers are no longer in control of price action Completion Phase: Supply Test Session Low volume indicates diminishing selling pressure Price remains above the pivot low Creates the foundation for institutional buyers to begin accumulating Breakout Day Price increase exceeds average profit of bullish candles Volume increases by at least 15% compared to previous session Shows strong institutional commitment to the new uptrend Timing Window Must occur between the 4th and 8th candle after First Recovery Session This specific timing helps confirm the sustainability of the reversal Based on O'Neil's research of historical market bottoms FTD Sweep The Post-FTD Phase introduces the Sweep concept, which is crucial for understanding how large market participants operate. This feature leverages the liquidity concept because institutional traders often need to trigger stop losses to accumulate larger positions at better prices. This helps: Create liquidity pools for large position entries Shake out weak hands before continuing the trend Test the strength of the new trend by absorbing selling pressure ⚙️ USAGE Sweep + TP & SL Strategy Example: BTCUSDT (1D) - Replay back to 9th November 2024 After an FTD candle forms, traders can adopt a systematic approach to enhance their trading strategy. First, they should determine the swing range and convert the post-FTD zone into concrete stop loss and take profit levels, which are based on the price action during the FTD formation. Next, traders should wait for a sweep formation, as this indicates that institutional players are accumulating positions. A quick price rejection from the sweep level should be observed before executing an entry. The reasoning behind this strategy is rooted in market microstructure. By waiting for the sweep, traders position themselves alongside institutional players who need to build large positions without causing adverse price movement. The sweep creates the liquidity they need, and the subsequent move often represents the true trend continuation. DISCLAIMER This indicator is not financial advice, it can only help traders make better decisions. There are many factors and uncertainties that can affect the outcome of any endeavor, and no one can guarantee or predict with certainty what will occur. Therefore, one should always exercise caution and judgment when making decisions based on past performance.