Midnight Opening Ranges [TDL]
Midnight Opening Ranges with Standard Deviations as taught by Micheal J. Huddleston
- Custom colors
- Up to 10 Std dev levels
- Midnight opening price
- Current and previous ranges with dates and midpoints
Multitimeframe
MTF EMA Sentiment - SimplifiedThe MTF EMA Sentiment Indicator is a custom Pine Script tool designed to help traders assess market sentiment across multiple timeframes using Exponential Moving Averages (EMAs). It simplifies the process of identifying trends and potential trading opportunities by comparing short-term and long-term EMAs on hourly, daily, and weekly timeframes. Here's a detailed breakdown of the indicator:
Wave Trend -V2Wave Trend -V2 is here to give you a serious edge.
This upgraded version of the popular LazyBear script takes wave trend analysis to the next level.
Here's the deal:
Multi-Timeframe Analysis: Beyond Short-Term Noise:
Novice traders often focus solely on the current timeframe (let's say, the 5-minute chart).
Wave Trend -V2 breaks free from this limitation by analyzing price action across multiple timeframes (1-minute to 1-week).
---This holistic view helps you:
Identify larger trends: Are we in a bullish uptrend on the daily chart, even if the hourly chart is showing some short-term weakness? Wave Trend -V2 helps you see the bigger picture.
Avoid false breakouts: Short-term price spikes can create false signals. By looking at higher timeframes, you can filter out these "noise" and focus on sustainable trends.
---Pressure Analysis: Gauging Market Strength:
Wave Trend -V2 goes beyond simple trend identification.
It incorporates "pressure" analysis to gauge the strength and direction of the current market trend.
This helps you:
Enter trades with confidence: When the trend is strong and the pressure is high, you can enter trades with greater conviction.
Minimize risk: If the pressure is waning or conflicting signals arise, you can avoid entering trades or adjust your risk parameters accordingly.
Impact Point Analysis: Predicting Future Price Moves:
Wave Trend -V2 analyzes the price impact of the last four wave trend crossovers.
Let's say the last impact point was "X", the previous one "X-1", the one before that "X-2", and so on.
The indicator calculates the average price movement between these points using the following simplified formula:
Average Impact = (X - X-1) + (X-1 - X-2) + (X-2 - X-3) / 3
This average provides a valuable estimate of the potential price movement of the next crossover.
Multiple Take Profit Levels: Setting Strategic Targets:
Wave Trend -V2 offers three dynamic take profit levels (TP1, TP2, TP3).
TP1: Based on the estimated average impact.
TP2: Twice the estimated average impact.
TP3: Three times the estimated average impact.
This allows you to set your profit targets strategically, maximizing potential gains while managing risk effectively.
Why don't use the Estmated impact point to stop the trade?
In order to eliminated the WHIPSAW effect! There is no other way...
Wave Trend -V2 is designed for traders who seek a deeper understanding of trend dynamics and desire a more sophisticated approach to trading. By combining multi-timeframe analysis, pressure assessment, and advanced impact point calculations, this indicator empowers you to make more informed trading decisions and potentially improve your trading outcomes.
The indicator work best with combination of other trend type indicators.
Please dont forget that indicators are not miracle medicines , it cannot give you exact results , market was always volative , use at your own discretion.
Dynamic SR Levels v23 static time frame level daily 4 hour 1 hour and dynamic support and resistance find levels on any time frame looks back 1500 bars for levels
Market Sessions and OverlapsMarket Sessions and Overlaps Indicator
This script, titled " Market Sessions and Overlaps ," provides a detailed visualization of major global trading sessions—Asia, Europe, and New York—along with the periods where these sessions overlap. It is designed to assist traders in understanding session timings and overlaps in their local time zone. Key features include:
Session Visualization: Highlights the Asia, Europe, and New York trading sessions directly on the chart with customizable colors and transparency for better clarity.
Overlap Identification: Marks the overlapping periods between Asia-Europe and Europe-New York sessions, where market activity often intensifies, with distinct candle colors.
Time Zone Support: The script allows users to select their local time zone, ensuring all session times are displayed accurately, no matter the user’s location.
Alerts for Key Events: Includes optional alerts to notify users of session openings, closings, and the start or end of overlap periods.
This indicator serves as a visual tool for tracking session-specific activity and liquidity. It is configurable to match individual preferences, enabling better alignment with trading strategies.
Disclaimer: This script is for informational purposes only and does not provide financial advice. Please consult a licensed financial advisor for personalized trading guidance.
Futures_No-Trade-ZoneMarks the chart with a warning period before Futures market close (yellow) and when the market is actually closed (red).
Indecisive Candle Buy/Sell Signals by VIKKAS VERMAUsing Hieken Ashi candle sticks @ 15 mins timeframe
Davidova Strategy / Owl of ProfitDavidova Strategy
This comprehensive trading strategy is designed to combine various technical indicators, offering dynamic trend analysis, support/resistance detection, and signal generation.
Features
EMA (Exponential Moving Averages):
Two EMAs (13 and 21) dynamically adjust their colors based on trend direction.
Rising trends = green, falling trends = red.
Hull Moving Average (Optional):
A smooth trend indicator for improved visual clarity, adjustable via settings.
Support/Resistance Levels:
Automatically detects key support and resistance levels based on recent highs and lows.
Plots these levels for better decision-making.
Candle Body Resistance Channel:
Highlights resistance levels using recent candle closes.
Ideal for spotting potential breakout or reversal zones.
Signal Generator:
Generates BUY and SELL signals using higher timeframe open and close price crossovers.
Strategy Logic
BUY Condition:
Triggered when the higher timeframe's close price crosses above its open.
SELL Condition:
Triggered when the higher timeframe's close price crosses below its open.
Exit Logic:
Positions are exited based on trend reversals or opposing signals.
Customization
Timeframe:
Default set to 12-hour candles (720).
Adjustable to fit different trading styles.
Indicator Settings:
EMA Lengths: Default 13 and 21.
Hull MA Length: Adjustable via user input.
Candle Body Resistance Channel:
Optional feature to visualize price channels.
This strategy is perfect for traders looking for a holistic approach to technical analysis, combining trend detection, support/resistance zones, and customizable signals.
Visit my website for more tools and strategies: bybitindicators.com
Happy Trading! 😊
CMO - Dot and Background - Jan 11, 2025This Pine Script indicator is designed to analyze and visualize momentum dynamics using multiple Chande Momentum Oscillator (CMO) lines with different configurations. Here’s a brief breakdown of what it does:
CMO Calculation:
Computes CMO values for multiple lines (Blue, Green, Orange, Purple) based on adjustable lengths, smoothing factors, and scaling values.
Aggregates and smooths these values for better trend representation.
Plotting:
Plots the scaled CMOs as separate lines with distinct colors on the chart.
Highlights momentum differences and includes a zero-line for reference.
Background Coloring:
Changes the chart background color based on specific conditions where the CMOs indicate strong bullish or bearish trends.
Alerts:
Sets up multiple alert conditions for key events, such as when lines cross zero, cross each other, or meet proximity thresholds.
Includes specific "dot" alerts and background-related alerts for visual emphasis.
Labels:
Adds visual markers (dots) on the chart to highlight significant events, such as strong bullish or bearish setups.
Advanced Features:
Includes proximity detection between specific CMOs for tighter momentum analysis.
Implements slope calculations for one of the CMOs to identify trend direction changes.
In essence, this script provides traders with a tool to monitor momentum dynamics, spot potential reversals or trends, and receive actionable alerts. It is highly customizable with adjustable input parameters.
MACD DashboardThe MACD Dashboard is an addition to my collection of various dashboards that are designed to help traders make wiser decisions.
How to Use MACD Dashboard:
Timeframe Selection: Based on your trading style and preferences, choose the relevant timeframes. In the settings, enable or disable timeframes to focus on the most relevant ones for your strategy.
Dashboard Interpretation: The MACD Dashboard displays green (🟢) and red (🔴) symbols to indicate when the MACD is in green or in the red zone. You can also leverage the MACD values on the dashboard to better interpret sentiment and its changes.
Confirmation and Strategy: Consider MACD Dashboard signals as confirmation for your trading strategy. For instance, in an uptrend, look for long opportunities when the dashboard displays consistent green symbols. Conversely, in a downtrend, focus on short opportunities when red symbols dominate.
Risk Management: As with any indicator, use the MACD Dashboard in conjunction with proper risk management techniques. Avoid trading solely based on indicator signals; instead, integrate them into a comprehensive trading plan.
Market Structure CHoCH/BOS (Fractals) by BFXIdentifies Key Levels of Market Structure Shift and Change Of Charachter
Buy Signal with FVG Confirmation (1h,15m,5m)Key Changes:
FVG Conditions Added to buySignal:
The buy signal now requires FVGs on all three timeframes (1h, 15m, 5m) in addition to your original criteria.
buySignal = ... and fvg1h and fvg15m and fvg5m
Simplified FVG Detection:
The detectFVG function now only returns the fvgBullish boolean (no need to return price levels).
How to Use:
Apply to 1-Hour Chart:
The script works best on a 1-hour chart since it combines daily, hourly, and lower timeframe (15m/5m) logic.
Interpret Signals:
A green triangle appears below the price bar when all conditions align, including FVGs on 1h, 15m, and 5m.
Use the shaded FVG zones (teal, orange, purple) to visually confirm gaps.
Set Alerts:
Create an alert in TradingView to notify you when the buySignal triggers.
Important Notes:
Multi-Timeframe Limitations:
Lower timeframe FVGs (15m/5m) are fetched using request.security, which may cause slight repainting on the 1-hour chart.
FVGs are evaluated based on the most recent completed bar in their respective timeframes.
Strategy Strictness:
Requiring FVGs on three timeframes makes the signal very selective. Adjust the logic (e.g., fvg1h or fvg15m) if you prefer fewer restrictions
Multi-Timeframe Stochastic OverviewPurpose of the Multi-Timeframe Stochastic Indicator:
The Multi-Timeframe Stochastic Indicator provides a consolidated view of market conditions across multiple timeframes (M1, M5, M15, H1) based on the Stochastic Oscillator, a popular technical analysis tool. The main objective is to allow traders to quickly assess momentum and potential trend reversals across different timeframes on a single chart, helping to make informed trading decisions.
---
General Purpose of Stochastic Oscillator:
The Stochastic Oscillator measures the relationship between a security's closing price and its price range over a given period, aiming to identify momentum, overbought/oversold levels, and potential reversal points. It works on the assumption that:
1. In uptrends, prices tend to close near their highs.
2. In downtrends, prices tend to close near their lows.
It consists of two lines:
%K (fast line): Represents the raw Stochastic value.
%D (slow line): A moving average of %K, used to smooth the data for better signals.
The indicator is generally used to:
Identify Overbought (price above 80% threshold) and Oversold (price below 20% threshold) conditions.
Spot Bullish and Bearish divergences for potential trend reversals.
Evaluate momentum strength within a trend.
---
How This Multi-Timeframe Indicator Enhances Stochastic's Utility:
1. Multi-Timeframe Overview:
The indicator calculates Stochastic values for multiple timeframes (1-minute, 5-minute, 15-minute, and 1-hour) and displays their market conditions (e.g., Bullish, Bearish, Overbought, Oversold, or Indecision) in an organized table format.
This gives traders a broad perspective on short-term, mid-term, and long-term trends simultaneously.
2. Market Condition Summary:
Bullish: Indicates upward momentum (both %K and %D > 50%).
Bearish: Indicates downward momentum (both %K and %D < 50%).
Overbought: Suggests potential trend exhaustion (both %K and %D > 80%).
Oversold: Suggests a potential reversal to the upside (both %K and %D < 20%).
Indecision: Highlights uncertainty when %K and %D are on opposite sides of the 50% level.
3. Quick Decision-Making:
The color-coded table (green for Bullish/Overbought, red for Bearish/Oversold, orange for Indecision) allows traders to quickly identify dominant conditions and momentum alignment across timeframes, helping in trade confirmation.
4. Trend Analysis:
By observing alignment or divergence in market conditions across timeframes, traders can gauge the strength of a trend or anticipate reversals. For example:
If all timeframes show "Bullish," it suggests strong momentum.
If smaller timeframes are "Overbought" while larger ones are "Bearish," it warns of a possible pullback.
5. Customizable Parameters:
The indicator allows customization of Stochastic K, D, smoothing values, and overbought/oversold levels, enabling users to tailor the analysis to specific trading styles or market conditions.
---
Use Cases:
1. Scalping:
A scalper can use lower timeframes (e.g., M1, M5) to find overbought/oversold zones for quick trades.
2. Swing Trading:
Swing traders can align smaller timeframes with higher ones (e.g., M15 and H1) to confirm momentum before entering a trade.
3. Trend Reversals:
Overbought or oversold conditions across all timeframes may indicate a major reversal point, helping traders plan exits or countertrend entries.
4. Trend Continuation:
Consistent bullish or bearish conditions across all timeframes confirm the continuation of a trend, providing confidence to hold positions.
---
Summary:
This indicator enhances the traditional Stochastic Oscillator by giving a multi-timeframe snapshot of market momentum, overbought/oversold conditions, and trend direction. It enables traders to quickly assess the overall market state, spot opportunities, and make more informed trading decisions.
UT Bot With Consolidation ZonesUT Bot With Consolidation Zones
A. UT Bot
B. Consolidation Zones
C. Buy and Sell signals
D. Trend based Flow
EMAs Adaptativa y Señales de Compra/VentaEma 21 en diario, define la tendencia, si el precio se encuentra sobre la ema, se buscan compras, por lo cual, se pinta de verde, si el precio se encuentra debajo, se buscan ventas, por lo cual la ema se pinta de rojo.
En h4 tiene un valor de 126 y en h1 de 508
La ema 50 y 200, funcionan como soportes dinámicos, del precio, donde se busca una entrada, siempre y cuando el precio se encuentre rebotando en los niveles del RSI y rebotando en al menos una de las medias.
Z PLUS take profit & Stop lose Here’s a breakdown of the provided Pine Script code for the ZPLUS indicator, which combines a moving average strategy with ATR (Average True Range) and swing detection for trading signals.
Overview of the Code
1. Indicator Setup
- The script is set to overlay on the price chart and specifies a maximum look-back period for bars.
```pinescript
indicator('ZPLUS', overlay=true, max_bars_back=4000)
```
2. Moving Average Strategy
- The moving average strategy is implemented with user-defined parameters like `timer`, `MTP` (Multiplier for ATR), and `sf` (smoothing factor).
- An exponential smoothing technique is applied to the source data, which is defined as the average of high and low prices (`hl2`).
```pinescript
timer = 8
source = hl2
MTP = 5.0
sf = 0.2
avg = 0.
srca = sf * source + (1 - sf) * nz(avg , source)
```
3. ATR Calculation
- The script calculates the ATR based on a specified length. This ATR value is used to determine the upper and lower bounds (`upa` and `dna`) for potential entry points.
```pinescript
atrsecond = ta.sma(ta.tr, timer)
atr = changeATR ? ta.atr(timer) : atrsecond
upa = srca - MTP * atr
dna = srca + MTP * atr
```
4. Trend Detection
- The script detects the trend based on the close price relative to the calculated upper and lower bands.
- The RSI (Relative Strength Index) is also incorporated to confirm the trend signals.
```pinescript
rsiPeriod = 14
rsiValue = ta.rsi(close, rsiPeriod)
trenda := trenda == -1 and close > dn1a and rsiValue > rsiOversold ? 1 : trenda == 1 and close < up1a and rsiValue < rsiOverbought ? -1 : trenda
```
5. Signal Generation
- Long and short signals are generated based on the trend detection logic.
```pinescript
LongSignal = trenda == 1 and trenda == -1
ShortSignal = trenda == -1 and trenda == 1
```
6. ATR Stop and Swing High/Low TP
- The script calculates trailing stops based on ATR and determines swing high and low points for setting take profit (TP) levels.
```pinescript
up = hl2 - m * ta.atr(atrLen)
dn = hl2 + m * ta.atr(atrLen)
```
7. Plotting
- The calculated ATR trend and take profit levels are plotted on the chart. Signals for long and short positions are visually represented.
```pinescript
plot(stop, color=lineColor, style=plot.style_line, linewidth=1, title='ATR Trend')
```
8. Alerts for Trading Signals
- Alerts are set up to notify users when long or short signals are generated, including details like entry price and stop loss levels.
```pinescript
if LongSignal
alert(message, alert.freq_once_per_bar_close)
```
9. Dynamic Table Display
- A table is created to display the current signal, entry price, and take profit/stop loss levels dynamically on the chart.
```pinescript
var tbl = table.new(position = position.top_right, columns = 7, rows = 10, frame_color = color.blue, frame_width = 3, border_color = color.blue, border_width = 3)
```
Summary
The ZPLUS indicator combines several technical analysis techniques, including moving averages, ATR for volatility, and swing detection, to generate trading signals. It aims to provide a structured approach for identifying potential buy and sell opportunities based on market behavior.
Suggestions for Improvement
1. Parameter Flexibility: Consider allowing users to input their own parameters for ATR length, smoothing factor, and RSI levels to customize the indicator for different trading styles.
2. Visual Enhancements: You might want to incorporate more distinct visual cues, such as arrows or different shapes for buy/sell signals, to enhance usability.
3. Backtesting: Incorporating a backtesting feature would be beneficial for traders to evaluate the performance of the strategy over historical data.
If you have specific questions about the code or need modifications, feel free to ask!
Multi-Timeframe Trend & SMA200 Indicator-RazorXFRMulti-Timeframe Trend & SMA200 Indicator
This powerful technical analysis tool combines multiple timeframe analysis with SMA200 positioning to help traders identify trends across different time horizons.
Key Features:
Monitors 5 timeframes simultaneously: M15, H1, H4, Daily, and Weekly
Combines multiple technical indicators for trend determination:
EMA (Exponential Moving Average)
RSI (Relative Strength Index)
MACD (Moving Average Convergence Divergence)
SMA200 (200-period Simple Moving Average)
Visual Elements:
Displays trend arrows directly on the chart for each timeframe
User-friendly table showing:
Trend direction for each timeframe (↑/↓)
Position relative to SMA200 (🔼/🔽)
Customization Options:
Adjustable EMA period (default: 20)
Adjustable RSI period (default: 14)
Adjustable SMA period (default: 200)
Toggle visibility for each timeframe
Built-in Alerts:
SMA200 crossover alerts
Trend change alerts for each timeframe
Trading Applications:
Multi-timeframe trend confirmation
Support/Resistance level identification through SMA200
Trend strength analysis
Market structure analysis across timeframes
How to Use:
The indicator displays arrows on the chart for quick visual reference
Check the table for detailed trend information across timeframes
Use the SMA200 column to confirm overall market bias
Set up alerts for potential trading opportunities
Note: This indicator combines trend analysis with price action relative to the SMA200, providing a comprehensive view of market conditions across multiple timeframes.
Happy Trading! 📈
120 SMA Bitcoin Trend-Momentum StrategyStrategy Rules
Entry Conditions:
Long Entry:
Price is above the 120 SMA (uptrend).
RSI crosses above 50 from below (indicates bullish momentum).
Exit Conditions:
Close the position:
When RSI moves into overbought/oversold territory and reverses (e.g., RSI crosses back below 70 for longs or above 30 for shorts).
Alternative: Use a trailing stop (optional).
Additional Parameters:
Timeframe: Works on both daily and weekly charts, with fewer trades on weekly.
Max Trades: The combination of trend filtering and momentum ensures only high-probability trades, limiting frequency.
Fibonacci MA Trend IndicatorFibonacci MA Trend Indicator - Overview
The Fibonacci MA Trend Indicator is a powerful tool designed to help traders identify trends and potential reversal zones using Fibonacci-based moving averages and retracement levels. This indicator combines the precision of the Fibonacci sequence with moving average calculations to provide insightful market trend analysis.
How It Works
Custom Fibonacci Moving Average (Fib MA):
The indicator calculates a custom moving average based on a user-defined Fibonacci period, smoothing out price action and identifying the prevailing market trend.
Fibonacci Retracement Levels:
The indicator determines the highest high and lowest low within a configurable lookback period.
Using these extremes, it calculates key Fibonacci retracement levels (100%, 76.4%, 61.8%, 50%, 38.2%, and 0%), which are plotted on the chart to serve as potential support and resistance zones.
Trend Identification:
The relationship between the price, the Fibonacci moving average, and retracement levels is analyzed to determine the market's trend:
Strong Uptrend: When the Fib MA is above the 76.4% level.
Uptrend: When the Fib MA is between the 50% and 76.4% levels.
Downtrend: When the Fib MA is between the 38.2% and 50% levels.
Strong Downtrend: When the Fib MA is below the 38.2% level.
Reversal Zones Highlighting:
The indicator dynamically highlights potential reversal areas on the chart, giving traders visual cues when the price crosses critical levels relative to the Fibonacci MA.
Trend Display:
A label at the top of the chart provides a real-time summary of the current trend, enhancing decision-making and trade planning.
How to Use the Indicator
Trend Confirmation: Use the Fibonacci MA in conjunction with Fibonacci retracement levels to confirm bullish or bearish trends before entering trades.
Support and Resistance: Identify key areas where price may find support or resistance, helping to set stop-loss and take-profit levels.
Reversal Signals: Watch for highlighted reversal zones to anticipate potential trend changes.
Customizable Parameters: Adjust the Fibonacci period and lookback period to suit different trading styles, such as short-term scalping or long-term swing trading.
DeltaAlgo v1This is a Momentum based Indicator, gives you trade signals at Swing High/Swing Low candle, you have to add this Indicator twice, first one for current time frame and another for higher time frame,
This indicator is suitable for various trading strategies, including day trading, swing trading and long-term investment
TIME FRAME SELECTION
1. For Long-term Investment
a)Current TF - monthly
b) Higher TF - 3 month OR 6 month
2. For Day trading/Swing Trading
a)Current TF - 2 hours/Daily
b) Higher TF - Weekly/Monthly OR 3 month
share your experience and follow us to know more about indicator
SMC - Smallest Swing High/LowThe indicator shows swings high/low with candle-by-candle calculations to support identifying impulse movement, correction movement, and pullbacks. You can use the indicator as a basic component that affects the determination of Inducement in SMC (Trading Hub 3.0)
SMC beginners take time to determine inducements correctly the definition. I wrote this indicator while learning SMC to make it easier for beginners.
Usually, you use high/low indicators to determine swing high/low which have characteristics that affect the determination of Inducement
1. Candles after the inside bar are not included in determining swing high/low.
2. Sometimes the normal high/low indicator appears as 2 consecutive highs or lows which confuses you when drawing a zigzag.
3. Engulfing candles can make you draw zigzag wrong.
4. You usually determine high/low by each candle in high time frames (1 hour, 4 hours ...), and many candles loopback in low time frames (1 minute, 5 minutes ...). With adjustments from the inside bar, engulfing candle as above you do not need to adjust the loopback when changing between HTF and LTF.
The indicator is easy to use with color and line options.
