Cumulative Intraday Volume with Long/Short LabelsThis indicator calculates a running total of volume for each trading day, then shows on the price chart when that total crosses levels you choose. Every day at 6:00 PM Eastern Time, the total goes back to zero so it always reflects only the current day’s activity. From that moment on, each time a new candle appears the indicator looks at whether the candle closed higher than it opened or lower. If it closed higher, the candle’s volume is added to the running total; if it closed lower, the same volume amount is subtracted. As a result, the total becomes positive when buyers have dominated so far today and negative when sellers have dominated.
Because futures markets close at 6 PM ET, the running total resets exactly then, mirroring the way most intraday traders think in terms of a single session. Throughout the day, you will see this running total move up or down according to whether more volume is happening on green or red candles. Once the total goes above a number you specify (for example, one hundred thousand contracts), the indicator will place a small “Long” label at that candle on the main price chart to let you know buying pressure has reached that level. Similarly, once the total goes below a negative number you choose (for example, minus one hundred thousand), a “Short” label will appear at that candle to signal that selling pressure has reached your chosen threshold. You can set these threshold numbers to whatever makes sense for your trading style or the market you follow.
Because raw volume alone never turns negative, this design uses candle direction as a sign. Green candles (where the close is higher than the open) add volume, and red candles (where the close is lower than the open) subtract volume. Summing those signed volume values tells you in a single number whether buying or selling has been stronger so far today. That number resets every evening, so it does not carry over any buying or selling from previous sessions.
Once you have this indicator on your chart, you simply watch the “summed volume” line as it moves throughout the day. If it climbs past your long threshold, you know buyers are firmly in control and a long entry might make sense. If it falls past your short threshold, you know sellers are firmly in control and a short entry might make sense. In quieter markets or times of low volume, you might use a smaller threshold so that even modest buying or selling pressure will trigger a label. During very active periods, a larger threshold will prevent too many signals when volume spikes frequently.
This approach is straightforward but can be surprisingly powerful. It does not rely on complex formulas or hidden statistical measures. Instead, it simply adds and subtracts daily volume based on candle color, then alerts you when that total reaches levels you care about. Over several years of historical testing, this formula has shown an ability to highlight moments when intraday sentiment shifts decisively from buyers to sellers or vice versa. Because the indicator resets every day at 6 PM, it always reflects only today’s sentiment and remains easy to interpret without carrying over past data. You can use it on any intraday timeframe, but it works especially well on five-minute or fifteen-minute charts for futures contracts.
If you want a clear gauge of whether buyers or sellers are dominating in real time, and you prefer a rule-based method rather than a complex model, this indicator gives you exactly that. It shows net buying or selling pressure at a glance, resets each session like most intraday traders do, and marks the moments when that pressure crosses the levels you decide are important. By combining a daily reset with signed volume, you get a single number that tells you precisely what the crowd is doing at any given moment, without any of the guesswork or hidden calculations that more complicated indicators often carry.
Futurestrading
CL Live lotsize ROOSTER📄 Description:
This is a utility script designed for manual futures traders who enter with market orders and want to size their positions precisely based on $ risk.
⚙️ Features:
✅ Calculates live contract size based on:
A fixed dollar risk amount (e.g. $100)
A manually set static stop-loss price
The live market price as your entry
✅ Uses a configurable risk-reward ratio (e.g. 1:3)
✅ Plots entry, stop, and target levels on the chart
✅ Displays calculated contract size as a floating label
🎯 Why this tool?
Built to support fast execution workflows , this tool helps traders who:
Enter trades at candle close or open
Want to pre-calculate their market order size before the signal
Prefer a visual, consistent, real-time R:R validation system
Avoid fumbling with the long/short position tool at the last second
🔧 Settings:
Static Stop-Loss Price: Enter the price level where you'd place your SL
Account Risk ($): How much you’re willing to risk per trade
Risk-Reward Ratio: Set your target multiplier (e.g. 3 for 3R)
True Seasonal Pattern [tradeviZion]True Seasonal Pattern: Uncover Hidden Market Cycles
Markets have rhythms and patterns that repeat with surprising regularity. The True Seasonal Pattern indicator reveals these hidden cycles across different timeframes, helping you anticipate potential market movements based on historical seasonal tendencies.
What This Indicator Does
The True Seasonal Pattern analyzes years of historical price data to identify recurring seasonal trends. It then plots these patterns on your chart, showing you both the historical pattern and future projection based on past seasonal behavior.
Automatic Timeframe Detection: Works with Monthly, Weekly, and Daily charts
Historical Pattern Analysis: Analyzes up to 100 years of data (customizable)
Future Projection: Projects the seasonal pattern ahead on your chart
Smart Smoothing: Applies appropriate smoothing based on your timeframe
How to Use This Indicator
Add the indicator to a Daily, Weekly, or Monthly chart (not designed for intraday timeframes)
The indicator automatically detects your chart's timeframe
The blue line shows the historical seasonal pattern
Watch for potential turning points in the pattern that align with other technical signals
Seasonal patterns work best as a supporting factor in your analysis, not as standalone trading signals. They are particularly effective in markets with well-established seasonal influences.
Best Applications
Futures Markets: Commodities and futures often show strong seasonal tendencies due to production cycles, weather patterns, and economic factors
Stock Indices: Many stock markets demonstrate regular seasonal patterns (like the "Sell in May" phenomenon)
Individual Stocks: Companies with seasonal business cycles often show predictable price patterns
Practical Applications
Identify potential turning points based on historical seasonal patterns
Plan entries and exits around seasonal tendencies
Add seasonal context to your existing technical analysis
Understand why certain months or periods might show consistent behavior
Pro Tip: For best results, use this tool on instruments with at least 5+ years of historical data. Longer timeframes often reveal more reliable seasonal patterns.
Important Notes
This indicator works best on Daily, Weekly, and Monthly timeframes - not intraday charts
Seasonal patterns are tendencies, not guarantees
Always combine seasonal analysis with other technical tools
Past patterns may not repeat exactly in the future
// Sample of the seasonal calculation approach
float yearHigh = array.max(currentYearHighs)
float yearLow = array.min(currentYearLows)
// Calculate seasonality for each period
for i = 0 to array.size(currentYearCloses) - 1
float periodClose = array.get(currentYearCloses, i)
if not na(periodClose) and yearHigh != yearLow
float seasonality = (periodClose - yearLow) / (yearHigh - yearLow) * 100
I developed this indicator to help traders incorporate seasonal analysis into their trading approach without the complexity of traditional seasonal tools. Whether you're analyzing agricultural commodities, energy futures, or stock indices, understanding the seasonal context can provide valuable insights for your trading decisions.
Remember: Markets don't always follow seasonal patterns, but when they do, being aware of these tendencies can give you a meaningful edge in your analysis.
MACD & Bollinger Bands Overbought OversoldMACD & Bollinger Bands Reversal Detector
This indicator combines the power of MACD divergence analysis with Bollinger Bands to help traders identify potential reversal points in the market.
Key Features:
MACD Calculation & Divergence:
The script calculates the standard MACD components (MACD line, Signal line, and Histogram) using configurable fast, slow, and signal lengths. It includes a simplified divergence detection mechanism that flags potential bearish divergence—when the price makes a new swing high but the MACD fails to confirm the move. This divergence can serve as an early warning that the bullish momentum is waning.
Bollinger Bands:
A 20-period simple moving average (SMA) is used as the basis, with upper and lower bands drawn at 2 standard deviations. These bands help visualize overbought and oversold conditions. For example, a close at or above the upper band suggests the market may be overextended (overbought), while a close at or below the lower band may indicate oversold conditions.
Visual Alerts:
The indicator plots the Bollinger Bands on the chart along with labels marking overbought and oversold conditions. Additionally, it marks potential bearish divergence with a downward triangle, providing a quick visual cue to traders.
Usage Suggestions:
Confluence with Other Signals:
Use the divergence signals and Bollinger Band conditions as filters. For example, even if another indicator suggests a long entry, you might avoid it if the price is overbought or if MACD divergence warns of weakening momentum.
Customization:
All key parameters, such as the MACD lengths, Bollinger Band period, and multiplier, are fully configurable. This flexibility allows you to adjust the indicator to suit different markets or trading styles.
Disclaimer:
This script is provided for educational purposes only. Always perform your own analysis and backtesting before trading with live capital.
Forward Curve Visualization ToolProvide the spot symbol and the futures product root, and the script automatically scans all relevant contracts for you—no more tedious manual searches. The result is a clean, intuitive chart showing the live forward curve in real time.
It also detects contango or backwardation conditions (based on spot < F1 < F2 < F3).
Future Features:
Plot historical snapshots of the curve (1 day, 1 week, or 1 month ago) to understand market trends over time.
Display additional metrics such as annualized basis, cost of carry (CoC), and even volume or open interest for deeper insights.
If you trade futures and watch the forward curve, this script will give you the actionable data you need and get more ideas or features you’d like to see. Let’s build them together!
Disclaimer
Please remember that past performance may not be indicative of future results.
Due to various factors, including changing market conditions, the strategy may no longer perform as well as in historical backtesting.
This post and the script don’t provide any financial advice.
DNSE VN301!, SMA & EMA Cross StrategyDiscover the tailored Pinescript to trade VN30F1M Future Contracts intraday, the strategy focuses on SMA & EMA crosses to identify potential entry/exit points. The script closes all positions by 14:25 to avoid holding any contracts overnight.
HNX:VN301!
www.tradingview.com
Setting & Backtest result:
1-minute chart, initial capital of VND 100 million, entering 4 contracts per time, backtest result from Jan-2024 to Nov-2024 yielded a return over 40%, executed over 1,000 trades (average of 4 trades/day), winning trades rate ~ 30% with a profit factor of 1.10.
The default setting of the script:
A decent optimization is reached when SMA and EMA periods are set to 60 and 15 respectively while the Long/Short stop-loss level is set to 20 ticks (2 points) from the entry price.
Entry & Exit conditions:
Long signals are generated when ema(15) crosses over sma(60) while Short signals happen when ema(15) crosses under sma(60). Long orders are closed when ema(15) crosses under sma(60) while Short orders are closed when ema(15) crosses over sma(60).
Exit conditions happen when (whichever came first):
Another Long/Short signal is generated
The Stop-loss level is reached
The Cut-off time is reached (14:25 every day)
*Disclaimers:
Futures Contracts Trading are subjected to a high degree of risk and price movements can fluctuate significantly. This script functions as a reference source and should be used after users have clearly understood how futures trading works, accessed their risk tolerance level, and are knowledgeable of the functioning logic behind the script.
Users are solely responsible for their investment decisions, and DNSE is not responsible for any potential losses from applying such a strategy to real-life trading activities. Past performance is not indicative/guarantee of future results, kindly reach out to us should you have specific questions about this script.
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Khám phá Pinescript được thiết kế riêng để giao dịch Hợp đồng tương lai VN30F1M trong ngày, chiến lược tập trung vào các đường SMA & EMA cắt nhau để xác định các điểm vào/ra tiềm năng. Chiến lược sẽ đóng tất cả các vị thế trước 14:25 để tránh giữ bất kỳ hợp đồng nào qua đêm.
Thiết lập & Kết quả backtest:
Chart 1 phút, vốn ban đầu là 100 triệu đồng, vào 4 hợp đồng mỗi lần, kết quả backtest từ tháng 1/2024 tới tháng 11/2024 mang lại lợi nhuận trên 40%, thực hiện hơn 1.000 giao dịch (trung bình 4 giao dịch/ngày), tỷ lệ giao dịch thắng ~ 30% với hệ số lợi nhuận là 1,10.
Thiết lập mặc định của chiến lược:
Đạt được một mức tối ưu ổn khi SMA và EMA periods được đặt lần lượt là 60 và 15 trong khi mức cắt lỗ được đặt thành 20 tick (2 điểm) từ giá vào.
Điều kiện Mở và Đóng vị thế:
Tín hiệu Long được tạo ra khi ema(15) cắt trên sma(60) trong khi tín hiệu Short xảy ra khi ema(15) cắt dưới sma(60). Lệnh Long được đóng khi ema(15) cắt dưới sma(60) trong khi lệnh Short được đóng khi ema(15) cắt lên sma(60).
Điều kiện đóng vị thể xảy ra khi (tùy điều kiện nào đến trước):
Một tín hiệu Long/Short khác được tạo ra
Giá chạm mức cắt lỗ
Lệnh chưa đóng nhưng tới giờ cut-off (14:25 hàng ngày)
*Tuyên bố miễn trừ trách nhiệm:
Giao dịch hợp đồng tương lai có mức rủi ro cao và giá có thể dao động đáng kể. Chiến lược này hoạt động như một nguồn tham khảo và nên được sử dụng sau khi người dùng đã hiểu rõ cách thức giao dịch hợp đồng tương lai, đã đánh giá mức độ chấp nhận rủi ro của bản thân và hiểu rõ về logic vận hành của chiến lược này.
Người dùng hoàn toàn chịu trách nhiệm về các quyết định đầu tư của mình và DNSE không chịu trách nhiệm về bất kỳ khoản lỗ tiềm ẩn nào khi áp dụng chiến lược này vào các hoạt động giao dịch thực tế. Hiệu suất trong quá khứ không chỉ ra/cam kết kết quả trong tương lai, vui lòng liên hệ với chúng tôi nếu bạn có thắc mắc cụ thể về chiến lược giao dịch này.
Bull Flag DetectionThe FuturesGod bull flag indicator aims to identify the occurrence of bull flags.
Bull flags are a popular trading pattern that allows users to gauge long entries into a given market. Flags consist of a pole that is followed by either a downward or sideways consolidation period.
This script can be used on any market but was intended for futures (NQ, ES) trading on the intraday timeframe.
The script does the following:
1. Identifies the occurrence of a flag pole. This is based on a lookback period and percentage threshold decided by the user.
2. Marks the consolidation area after the pole occurrence using swing highs and swing lows.
3. Visually the above is represented by a shaded green area.
4. When a pole is detected, it is marked by a downward off-white triangle. Note that if the percentage threshold is reached several times on the same upward climb, the script will continue to identify points where the threshold for pole detection is met.
5. Also visualized are the 20, 50 and 200 period exponential moving averages. The area between the 20 and 50 EMAs are shaded to provide traders a visual of a possible support area.
REMA CROSSOVER BY JUGNUThis indicator triggers alerts for long and short positions on DAILY TIME FRAME for SWING trades based on the conditions which described below. This script will generate alerts when the following conditions are met:
LONG POSITION:
RSI(14) above 50.
EMA(5) crosses above EMA(10).
Indicator Triangle Green below price bars
SHORT POSITION:
RSI(14) below 50.
EMA(5) crosses down EMA(10).
Indicator Triangle RED above price bars
This script plots green and red triangles below and above the price bars to indicate long and short alert conditions, respectively. It also triggers alerts when these conditions are met.
BB_MDL_V1Simple indicator that is based on the average line of the bollinger bands and the exponential average of 200 periods.
The customizable variable is bollinger bands length, currently the default is 35, you can tweak it to your liking and see how trend identification changes.
My recommendation is to work in 5-minute time frames in values such as SOL, FTM or MASK (cryptos)
This simple strategy can be combined with many others to gain more insight and get better market entries and exits.
Failed Breakdown Detection'Failed Breakdowns' are a popular set up for long entries.
In short, the set up requires:
1) A significant low is made ('initial low')
2) Initial low is undercut with a new low
3) Price action then 'reclaims' the initial low by moving +8-10 points from the initial low
This script aims at detecting such set ups. It was coded with the ES Futures 15 minute chart in mind but may be useful on other instruments and time frames.
Business Logic:
1) Uses pivot lows to detect 'significant' initial lows
2) Uses amplitude threshold to detect a new low beneath the initial low; used /u/ben_zen script for this
3) Looks for a valid reclaim - a green candle that occurs within 10 bars of the new low
4) Price must reclaim at least 8 points for the set up to be valid
5) If a signal is detected, the initial low value (pivot low) is stored in array that prevents duplicate signals from being generated.
6) FBD Signal is plotted on the chart with "X"
7) Pivot low detection is plotted on the chart with "P" and a label
8) New lows are plotted on the chart with a blue triangle
Notes:
User input
- My preference is to use the defaults as is, but as always feel free to experiment
- Can modify pivot length but in my experience 10/10 work best for pivot lows
- New low detection - 55 bars and 0.05 amplitude work well based on visual checks of signals
- Can modify the number of points needed to reclaim a low, and the # of bars limit under which this must occur.
Alerts:
- Alerts are available for detection of new lows and detection of failed breakdowns
- Alerts are also available for these signals but only during 7:30PM-4PM EST - 'prime time' US trading hours
Limitations:
- Current version of the script only compares new lows to the most recent pivot low, does not look at anything prior to that
- Best used as a discretionary signal
Visit /u/ben_zen's Profile:
www.tradingview.com
Profile Link www.tradingview.com
Future Risk CalculatorCreated out of revenge against the difficulty of controlling psychology, greed, and risk management. Designed for cryptocurrency futures trading by following the risk management principles from Kevin Sailly. Very welcome if there are suggestions and input to improve the quality of this "indicator". Please use wisely.
How to use:
1. Open indicator settings.
2. Fill out all the forms. (Note: I make Max Loss Risk only has 5 options. Because, you know, to control the greed. You can choose by considering your risk profiles and market condition)
3. All of the information and calculation will appear on the label (right side of the bar chart) and top-right box.
4. You can adjust the three prices (target, entry, and stop) by clicking any part of the indicator. There will be three dots in the middle of the chart window (align with three prices). Click that dots and drag them up/down to customize according to your wishes. The price order must be correct, for LONG direction the price order from the top is target-entry-stop. Vice versa for SHORT direction. There will be "SETUP ERROR" text in the top-right box if the price order is not correct.
"Never, ever argue with your trading system." (by Michael Covel)
Regards,
Ircham
Future PreviewFuture Preview
Calculate real-time future order profit with open price, leverage and commission fee. Simple and straight forward. If you need any additional feature, please leave a comment below. I am glad to help.
Usage:
When adding Future Preview to chart, it will ask order open time and open price on the chart by clicking with left mouse on the desired value. These value can be changed lately, as well as the leverage and commission fee. Default leverage is 10 and default commission fee is 0.06% (taker).
There will be two horizontal lines. The solid longer line is the open price line, it shows the order open price. The shorter line moving with real-time price is the current price line, it shows the current price. There will be preview data shows on top or below the price line. Open price line is red for short order and green for long order. The current price line is red when the order is losing and it is green when it profiting. The back ground color follows the color of current price line. Background color transparency and gain/loss color can be changed in options.
There will be one horizontal line on the left if the option of showing open time is on (default is on). It shows the time stamp when current order opened.
After adding Future Preview to chart, there is option to add Taking Profit(TP) or Stop Loss(SL) to the chart.
Font size can be changed in option
Metals:Backwardation/ContangoMETALS: Gold , Silver , Copper ( GC , SI, HG)
Quickly visualize carrying charge market vs backwardized market by comparing the price of the next 2 years of futures contracts.
Carrying charge (contract prices increasing into the future) = normal, representing the costs of carrying/storage of a commodity. When this is flipped to Backwardation (contract prices decreasing into the future): its a bullish sign: Buyers want this commodity, and they want it NOW.
Note: indicator does not map to time axis in the same way as price; it simply plots the progression of contract months out into the future; left to right; so timeframe DOESN'T MATTER for this plot
There's likely some more efficient way to write this; e.g. when plotting for Gold ( GC ); 21 of the security requests are redundant; but they are still made; and can make this slower to load
TO UPDATE(once a year will do): in REQUEST CONTRACTS section, delete old contracts (top) and add new ones (bottom). Then in PLOTTING section, Delete old contract labels (bottom); add new contract labels (top); adjust the X in 'bar_index-(X+_historical)' numbers accordingly
This is one of three similar indicators: Meats | Metals | Grains
-If you want to build from this; to work on other commodities ; be aware that Tradingview limits the number of contract calls to 40 (hence the 3 seperate indicators)
Tips:
-Right click and reset chart if you can't see the plot; or if you have trouble with the scaling.
-Right click and add to new scale if you prefer this not to overlay directly on price. Or move to new pane below.
--Added historical input: input days back in time; to see the historical shape of the Futures curve via selecting 'days back' snapshot
updated 15th June 2022
© twingall
Grains:Backwardation/ContangoGRAINS: Wheat , Soybeans , Corn (ZW, ZS, ZC )
Quickly visualize carrying charge market vs backwardized market by comparing the price of the next 2 years of futures contracts.
Carrying charge (contract prices increasing into the future) = normal, representing the costs of carrying/storage of a commodity. When this is flipped to Backwardation (contract prices decreasing into the future): its a bullish sign: Buyers want this commodity, and they want it NOW.
The above chart shows a nice example of backwardation.
Note: indicator does not map to time axis in the same way as price; it simply plots the progression of contract months out into the future; left to right; so timeframe DOESN'T MATTER for this plot
There's likely some more efficient way to write this; e.g. when plotting for Wheat (ZW); 15 of the security requests are redundant; but they are still made; and can make this slower to load
TO UPDATE(once a year will do): in REQUEST CONTRACTS section, delete old contracts (top) and add new ones (bottom). Then in PLOTTING section, Delete old contract labels (bottom); add new contract labels (top); adjust the X in 'bar_index-(X+_historical)' numbers accordingly
This is one of three similar indicators: Meats | Metals | Grains
-If you want to build from this; to work on other commodities ; be aware that Tradingview limits the number of contract calls to 40 (hence the 3 seperate indicators)
Tips:
-Right click and reset chart if you can't see the plot; or if you have trouble with the scaling.
-Right click and add to new scale if you prefer this not to overlay directly on price. Or move to new pane below.
--Added historical input: input days back in time; to see the historical shape of the Futures curve via selecting 'days back' snapshot
updated 15th June 2022
© twingall
Settlement priceThis script is meant to be used intraday, on futures products.
It charts the previous day/week/month settlement price as a constant level intraday.
The settlement price of a product is calculated by the exchange at the end of each day. It is shown in the D/W/M chart as the close price. The settlement price does not coincide with the last close price intraday, thus creating the need of a script like this.
The settlement price can be a pivotal price in intraday futures trading, as it can act as support or resistance
You can select the resolution of the settlement by the "Resolution" input
action zone - ATR stop reverse order strategy v0.1 by 9nckACTION ZONE-ATR MOD v0.1 DOCUMENTATION
Overview
This tradingview pine script strategy is mainly created to enrich my coding skill. It is a combination of “CDC-ACTIONZONE” and my personal studies of trading techniques in various sources e.g.book, course or blog. This strategy purposefully built to connect with my automatic trading bot. However, It will be very useful to aid your trading routine by diminishing mental distraction which possibly leads to bad trades.
How does it work?
This strategy will do a basic simple thing that most traders do by creating entry signals on both sides long/short and also set the stop loss. Furthermore, It will also reverse the order (from long to short and vice versa (if long/short conditions are met). Finally, it will recalculate the stop loss/take profit price in every complete bar to increase the chance of winning and limit our loss.
Entry rules(Long/Short)
If you have no open order, an order will be created when a fast EMA crosses(up(long)/down(short) the slow EMA(It’s as simple as that).
If you have an open order, the current order will be (sold if long, covered if short) and the opposite side order will be created.
Exit and Reverse rules(Long/Short)
If fast EMA cross (DOWN(long), UP(short)), the current order will be closed, THE OPPOSITE SIDE ORDER WILL ALSO BE CREATED.
Risk management
FLEX STOP PRICE : initial value will be set at the bar which order created. It is a fast ema (+/-) MIDDLE ATR value.
If MIDDLE ATR value rises, it will be our new stop price.
If MIDDLE ATR value falls, stop price unchanged
If Price OVERBOUGHT(long)/SOLD(short), LOW of that bar will be a new stop price.
Minimum position hold period
In order to eliminate risk of repeatedly open, close orders in sideway trends. Minimum hold period must be passed to start exit our position. However, It always respects stop loss prices. The value refers to the number of bars.
MUST READ!!!
This strategy uses only MARKET ORDER. If you trade with a bot, make sure you choose only enormous market cap tokens.
This strategy is bi-direction strategy. It will work best in the DERIVATIVE market.
It was initially designed to compete in the cryptocurrency market which has very high volume and volatility.
I only use this strategy in 1HR (acceptable change rate, optimum trade frequency)
How (should) we use it?
Choose crypto future pairs (recommend only top 10-15 market volume pairs in Binance, let’s say 1000M+ trade value)
Choose your time frame (1H is strongly recommended)
Setup your portfolio profile (Setting->Properties) such as Initial cap, order size, commission. DO NOT USE CAL ON EVERY TICK IT WILL CAUSE REPAINTING AND YOUR CAPITAL IS BLEEDING !!!
BACKTEST FIRST!! Back test is a combination of art, math and statis(and a bit of luck). You can apply to train and test methods or whatever you are familiar with. In my opinion, your test period should include UPTREND, SIDEWAY, DOWNTREND. Fine tune fast, slow ema first(my best ema length of 1H timeframe around 7-10, 17-22). Try to eliminate fault breakout trade and use other options only necessary. Hopefully we can use automatic optimization on Pine Script soon.
Don’t forget to turn off using a specific backtest date option to start your strategy.A
THIS IS NOT A PERFECT (OR EVEN PROFITABLE) STRATEGY. USE AT YOUR OWN RISK AND TRADE RESPONSIBLY. DYOR DUDE.
Resistance of VolumeIt is used to detect volume resistors in a personalized way, since it allows the user to enter the volume in which he wishes the resistance to jump automatically.
It does not mark the black line and the graphic that's just to help understand how it works
in the above image can see the indicator works on 30 minutes chart
in the above image can see the indicator works on 5 minutes chart
therefore, it can be configured to go through several temporalities.
