Hosoda ProjectionsThis script, written in Pine Script v5, introduces a technical analysis tool called "Hosoda Projections." Inspired by Ichimoku Kinkō Hyō and wave-based forecasting methods, this indicator helps traders visualize potential future price levels using a combination of pivot detection and projected price movements. It offers a unique way to anticipate market dynamics and define potential targets, making it particularly useful for those who seek to combine historical price patterns with forward-looking strategies.
The script works by detecting key pivot points in the market using a customizable lookback period and then calculating a ZigZag pattern based on price fluctuations that exceed a specified percentage threshold. These pivots are used to identify three recent swing points, which serve as the foundation for projecting possible future price levels. Using these swings, the script generates levels that correspond to Fibonacci-based extensions and projections, such as 38.2%, 61.8%, 100%, 161.8%, and additional extensions like 261.8% and 361.8%. These levels are visualized on the chart as horizontal lines and labeled with their respective values for easy interpretation.
The primary advantage of the Hosoda Projections script is its ability to provide a structured approach to identifying potential price targets. By leveraging the natural rhythm of price movements, it offers insights into where the market might find support or resistance in the future. This can help traders refine their entry and exit points, manage risk more effectively, and gain a deeper understanding of market sentiment. Additionally, the dynamic nature of the projections adapts to new price data, ensuring the tool remains relevant across changing market conditions.
This script is particularly valuable for traders who appreciate the harmony between historical price action and predictive analysis. Whether you are trading forex, stocks, or cryptocurrencies, the Hosoda Projections tool can enhance your trading strategy by providing actionable and visually intuitive forecasts.
Multitimeframe
GoldenTradz EMA+SMA Insight Multi Timeframe - [TilakBala]GoldenTradz EMA+SMA Insight Multi-Timeframe
📊 Indicator By: TilakBala from GoldenTradz — Revolutionize your trading approach with precision and insight!
Unlock the full potential of moving averages with the GoldenTradz EMA+SMA Insight indicator. This feature-packed tool combines the strength of Exponential Moving Averages (EMA) and Simple Moving Averages (SMA), offering unmatched flexibility and clarity for traders. Whether you're a beginner or a pro, this indicator empowers you to make well-informed trading decisions across multiple timeframes.
Key Features & Advantages:
Multi-Timeframe Analysis: Seamlessly analyze market trends using EMAs and SMAs from different timeframes on a single chart.
Gain a broader perspective by comparing short-term and long-term trends.
Customizable Settings:
Adjust EMA and SMA lengths, sources, and timeframes to fit your trading strategy perfectly.
Enable or disable specific moving averages for a clutter-free chart view.
Enhanced Trend Detection:
Identify bullish and bearish trends quickly using visually distinct EMAs and SMAs.
Use shorter EMAs for faster signals and longer SMAs for reliable trend confirmation.
Overlay Design:
Plots moving averages directly on the price chart for effortless analysis.
Distinct colors and line thicknesses ensure clear identification of each moving average.
Versatile Applications:
Suitable for scalping, day trading, swing trading, and long-term investments.
Works flawlessly with stocks, forex, cryptocurrencies, commodities, indices, and more.
Decision-Making Support:
Crossovers between EMAs and SMAs help identify potential buy or sell opportunities.
Monitor key support and resistance levels dynamically.
Efficiency in Market Noise:
EMAs provide rapid responsiveness in volatile markets.
SMAs help smooth out market noise for clearer long-term trends.
Adaptable to Any Strategy:
Perfect for breakout, trend-following, and mean-reversion strategies.
Combine with other indicators for a comprehensive trading system.
User-Friendly:
Intuitive interface with clear input fields for quick setup.
Suitable for traders of all experience levels.
📊 Indicator By: TilakBala from GoldenTradz — Revolutionize your trading approach with precision and insight!
Transform your trading with GoldenTradz EMA+SMA Insight — the ultimate tool for trend and momentum analysis.
Trend ThermometerThis script, tailored for trading, allows traders to visualize trend penetration across multiple timeframes with a color-coded moving average sequence. The Trend Thermometer helps identify strong, sustained trends by displaying a progression of colors that indicate the trend's intensity across a series of moving averages, from shorter to longer timeframes.
Key Features:
Color Gradients(41 colors) for Trend Strength: The colors reflect the strength of the trend at each moving average level. Darker greens signify strong upward trends, while darker reds indicate strong downward trends. Lighter colors or mixed gradients suggest a weaker or transitional trend.
Multi-Timeframe Penetration: By observing color transitions across all moving averages, traders can see how trends penetrate from shorter to longer timeframes, providing insight into the trend's depth and potential longevity.
Slightly Exponential Distribution of Moving Averages: The script uses a series of moving averages that are spaced with a slight exponential distribution. This approach allows for closer analysis in the short-term ranges while maintaining visibility across longer timeframes, providing a balanced view of the trend’s strength across intraday periods.
Sequential Analysis: With the progressively spaced moving averages, traders can easily track how trends develop from short-term to long-term. Unified color shifts across these averages confirm the trend direction, while divergence (where shorter and longer averages display opposing trends) can signal consolidation or potential trend weakening.
Example Interpretation:
Bullish Penetration: When shorter moving averages (e.g., 8, 16, 24) turn green, and this color shift continues through medium to longer moving averages (up to 496), it indicates a strong, deepening bullish trend across intraday timeframes.
Bearish Penetration: If shorter averages turn red and the shift gradually extends to longer averages, this suggests a bearish trend that is gaining traction across multiple timeframes.
How to Use:
For intraday trading, watch for a consistent color shift across shorter to longer moving averages to confirm trend direction. A unified shift in color across at least half of the moving averages signals a robust trend, providing potential entry or exit points with greater accuracy.
This tool enhances intraday decision-making by offering a clear view of trend strength and penetration across slightly exponentially distributed moving averages, allowing traders to make informed choices based on the trend’s depth, consistency, and momentum across timeframes.
2 days ago
Release Notes
This script, tailored for trading, allows traders to visualize trend penetration across multiple timeframes with a color-coded moving average sequence. The Trend Thermometer helps identify strong, sustained trends by displaying a progression of colors that indicate the trend's intensity across a series of moving averages, from shorter to longer timeframes.
Key Features:
Color Gradients(41 colors) for Trend Strength: The colors reflect the strength of the trend at each moving average level. Darker greens signify strong upward trends, while darker reds indicate strong downward trends. Lighter colors or mixed gradients suggest a weaker or transitional trend.
Multi-Timeframe Penetration: By observing color transitions across all moving averages, traders can see how trends penetrate from shorter to longer timeframes, providing insight into the trend's depth and potential longevity.
Slightly Exponential Distribution of Moving Averages: The script uses a series of moving averages that are spaced with a slight exponential distribution. This approach allows for closer analysis in the short-term ranges while maintaining visibility across longer timeframes, providing a balanced view of the trend’s strength across intraday periods.
Sequential Analysis: With the progressively spaced moving averages, traders can easily track how trends develop from short-term to long-term. Unified color shifts across these averages confirm the trend direction, while divergence (where shorter and longer averages display opposing trends) can signal consolidation or potential trend weakening.
Example Interpretation:
Bullish Penetration: When shorter moving averages (e.g., 8, 16, 24) turn green, and this color shift continues through medium to longer moving averages (up to 496), it indicates a strong, deepening bullish trend across intraday timeframes.
Bearish Penetration: If shorter averages turn red and the shift gradually extends to longer averages, this suggests a bearish trend that is gaining traction across multiple timeframes.
How to Use:
For intraday trading, watch for a consistent color shift across shorter to longer moving averages to confirm trend direction. A unified shift in color across at least half of the moving averages signals a robust trend, providing potential entry or exit points with greater accuracy.
This tool enhances intraday decision-making by offering a clear view of trend strength and penetration across slightly exponentially distributed moving averages, allowing traders to make informed choices based on the trend’s depth, consistency, and momentum across timeframes.
RSI ThermometerOverview:
The RSI Thermometer Indicator is a custom tool designed to help traders quickly gauge relative strength and potential overbought/oversold conditions across multiple timeframes. This indicator employs a series of color-coded RSI values to provide a visual representation of trend momentum, with a gradient ranging from deep red (indicating lower RSI values) to white (neutral around RSI 50) and up to deep green (indicating higher RSI values). By using this color-coding scheme, traders can easily identify shifts in market sentiment and momentum as they develop from shorter to longer timeframes.
Key Features:
Linear Color Gradient for RSI Levels (0-100): The indicator uses 41 distinct colors to visually represent RSI values. Lower RSI values are shown in darker reds, signaling potential oversold conditions, while higher RSI values appear in darker greens, suggesting potential overbought levels. Mid-range RSI values around 50 are shown in white, representing a neutral state. This color progression allows traders to evaluate trend conditions at a glance.
Multi-Timeframe Momentum Visualization: By observing color transitions across a sequence of RSI values from short to long timeframes, traders can assess how market momentum develops across different periods. This feature provides insight into the depth and potential strength of current trends.
Incremental RSI Periods: The RSI Thermometer applies RSI calculations across a range of periods (starting from 8 and increasing incrementally up to 488). This structure allows traders to capture both short-term fluctuations and longer-term trends, providing a balanced view of momentum across multiple timeframes.
Sequential Color Analysis: Each RSI value is represented by a unique color, offering a sequential analysis tool to easily observe trend direction. Consistent colors across the RSI periods indicate momentum in a particular direction, while mixed colors suggest consolidation or transitional phases.
Example Interpretations:
Bullish Momentum: When shorter-period RSI values (e.g., RSI 8, 24, 40) turn green and this color shift extends through to longer-period RSIs (up to RSI 488), it suggests that buying strength is present across timeframes. This pattern can help identify areas where bullish sentiment may be building.
Bearish Momentum: If shorter-period RSI values turn red and this trend continues through longer-period RSIs, it suggests that selling pressure is permeating across multiple timeframes, indicating potential bearish momentum.
How to Use the RSI Thermometer Indicator:
Observe Color Progression: Watch for consistent shifts in color across the RSI periods to determine the direction of momentum. Unified red or green colors across half or more of the periods indicate a stronger trend, while white or mixed colors may suggest a neutral or transitional phase.
Identify Potential Entry/Exit Zones: Look for green hues across multiple RSI periods to identify bullish momentum for potential entry points. Red hues, especially when consistent across several periods, may indicate selling pressure, signaling possible exit points.
Monitor for Reversals: Diverging colors across the RSI periods (e.g., shorter RSIs turning green while longer RSIs remain red) may indicate a trend reversal, providing an early warning for potential market shifts.
Application in Trading Strategy:
The RSI Thermometer Indicator is useful for both intraday and swing traders seeking to align trades with multi-timeframe momentum. By showing trend depth and the potential strength of momentum across timeframes, this tool simplifies market analysis and supports more informed decision-making.
Unlock deeper insights into market momentum with the RSI Thermometer Indicator—an intuitive tool that enhances your trading precision by visualizing trend strength and direction across multiple timeframes.
Adaptive Squeeze Momentum StrategyThe Adaptive Squeeze Momentum Strategy is a versatile trading algorithm designed to capitalize on periods of low volatility that often precede significant price movements. By integrating multiple technical indicators and customizable settings, this strategy aims to identify optimal entry and exit points for both long and short positions.
Key Features:
Long/Short Trade Control:
Toggle Options: Easily enable or disable long and short trades according to your trading preferences or market conditions.
Flexible Application: Adapt the strategy for bullish, bearish, or neutral market outlooks.
Squeeze Detection Mechanism:
Bollinger Bands and Keltner Channels: Utilizes the convergence of Bollinger Bands inside Keltner Channels to detect "squeeze" conditions, indicating a potential breakout.
Dynamic Squeeze Length: Calculates the average squeeze duration to adapt to changing market volatility.
Momentum Analysis:
Linear Regression: Applies linear regression to price changes over a specified momentum length to gauge the strength and direction of momentum.
Dynamic Thresholds: Sets momentum thresholds based on standard deviations, allowing for adaptive sensitivity to market movements.
Momentum Multiplier: Adjustable setting to fine-tune the aggressiveness of momentum detection.
Trend Filtering:
Exponential Moving Average (EMA): Implements a trend filter using an EMA to align trades with the prevailing market direction.
Customizable Length: Adjust the EMA length to suit different trading timeframes and assets.
Relative Strength Index (RSI) Filtering:
Overbought/Oversold Signals: Incorporates RSI to avoid entering trades during overextended market conditions.
Adjustable Levels: Set your own RSI oversold and overbought thresholds for personalized signal generation.
Advanced Risk Management:
ATR-Based Stop Loss and Take Profit:
Adaptive Levels: Uses the Average True Range (ATR) to set stop loss and take profit points that adjust to market volatility.
Custom Multipliers: Modify ATR multipliers for both stop loss and take profit to control risk and reward ratios.
Minimum Volatility Filter: Ensures trades are only taken when market volatility exceeds a user-defined minimum, avoiding periods of low activity.
Time-Based Exit:
Holding Period Multiplier: Defines a maximum holding period based on the momentum length to reduce exposure to adverse movements.
Automatic Position Closure: Closes positions after the specified holding period is reached.
Session Filtering:
Trading Session Control: Limits trading to predefined market hours, helping to avoid illiquid periods.
Custom Session Times: Set your preferred trading session to match market openings, closings, or specific timeframes.
Visualization Tools:
Indicator Plots: Displays Bollinger Bands, Keltner Channels, and trend EMA on the chart for visual analysis.
Squeeze Signals: Marks squeeze conditions on the chart, providing clear visual cues for potential trade setups.
Customization Options:
Indicator Parameters: Fine-tune lengths and multipliers for Bollinger Bands, Keltner Channels, momentum calculation, and ATR.
Entry Filters: Choose to use trend and RSI filters to refine trade entries based on your strategy.
Risk Management Settings: Adjust stop loss, take profit, and holding periods to match your risk tolerance.
Trade Direction Control: Enable or disable long and short trades independently to align with your market strategy or compliance requirements.
Time Settings: Modify the trading session times and enable or disable the time filter as needed.
Use Cases:
Trend Traders: Benefit from aligning entries with the broader market trend while capturing breakout movements.
Swing Traders: Exploit periods of low volatility leading to significant price swings.
Risk-Averse Traders: Utilize advanced risk management features to protect capital and manage exposure.
Disclaimer:
This strategy is a tool to assist in trading decisions and should be used in conjunction with other analyses and risk management practices. Past performance is not indicative of future results. Always test the strategy thoroughly and adjust settings to suit your specific trading style and market conditions.
Forward Price Performance TableThis calculates the percentage price changes for three key timeframes:
1 week (5 trading days ago)
1 month (17 trading days ago),
3 months (45 trading days ago).
This is to show a forward looking performance based on earlier timeframes that traditionally used. This is the framework I team uses to calculate performance metrics.
HTF Multi-Asset Sync Display ProHTF Multi-Asset Sync Display Pro
A professional-grade indicator designed for advanced multi-timeframe and multi-symbol analysis. This powerful tool enables synchronized visualization of up to three different assets across various timeframes, making it perfect for correlation analysis, market structure comparison, and smart money tracking.
Overview
HTF Multi-Asset Sync Display Pro is an advanced visualization tool that allows traders to monitor up to three different symbols simultaneously on a single chart. Whether you're analyzing correlations, divergences, or inter-market relationships, this indicator provides a comprehensive solution for complex market analysis.
Usage Examples
1. Multi-Timeframe Analysis of Single Symbol
Perfect for traders focusing on market structure and order flow:
- Configure all three sets to display different higher timeframes of the chart's main symbol
- Example: On 5M chart, display 15M, 1H, and 4H timeframes
Benefits:
- Clear visualization of higher timeframe market structure
- Real-time order flow analysis across multiple timeframes
- Better context for ICT PD Arrays on higher timeframes
- Enhanced understanding of support/resistance levels
- Improved timing for entries and exits
2. Correlated Assets Analysis
Ideal for traders working with related instruments:
- Display higher timeframes of correlated assets (e.g., ES, NQ, and YM)
Benefits:
- Easy identification of divergences between correlated symbols
- Enhanced probability assessment for CRT setups
- Improved Turtle Soup trading opportunities
- Clear visualization of relative strength/weakness
- Better timing for market reversals
3. Extended Analysis with Multiple Indicators
Advanced setup for comprehensive market analysis:
- Use two instances of the indicator to display up to 6 different HTF sets
- Synchronization capabilities ensure precise alignment between indicators
Benefits:
- Extended market coverage with up to 6 HTF sets
- Perfect synchronization between indicator instances
- Comprehensive view of market structure
- Enhanced correlation analysis capabilities
- Maximum flexibility in timeframe selection
Note: The ability to combine multiple instances of the indicator, each showing three HTF sets, provides traders with unprecedented analytical capabilities while maintaining perfect synchronization across all displayed timeframes.
Key Features
Multi-Symbol Display
- Display up to three different symbols simultaneously
- Up to 12 candles for each symbol
- Customizable colors and styles for each symbol
- Adjustable vertical offsets for optimal visual arrangement
- Flexible scale factor for precise price movement comparison
Comprehensive Timeframe Support
- Intraday: 1, 2, 3, 4, 5, 6, 10, 15, 30, 45, 60, 90, 120, 180, 240 minutes
- Daily: D, 2D
- Weekly: W, 2W
- Monthly: M
- Compatibility between all minutes timeframes for synchronization
Dual Synchronization Modes
Auto Mode
- Automatic alignment based on relative price levels
- Perfect for quick visual comparison
Manual Mode
- Precise synchronization based on candle closing times
- Ideal for detailed technical analysis
Session Markers
- Two configurable session lines (e.g., Regular Open and True Day Open)
- Adjustable line length, style, and color
- Flexible timezone support for global markets
Visual Customization
- Fully customizable candle appearance including wicks
- Optional vertical lines for better time orientation
- Scalability for optimal price movement comparison
- Professional labeling system
Trading Applications
Correlation Analysis
- Monitor relationships between currency pairs
- Analyze crypto/stock correlations
- Identify divergences between related instruments
- Track inter-market relationships
Smart Money Analysis
- Identify accumulation zones
- Detect manipulation phases
- Track distribution phases
- Analyze institutional levels
- Monitor smart money footprints
ICT Price Delivery (PD) Arrays Analysis
- Enhanced visualization for manual PD Arrays identification
- Clear display of higher timeframe price action
- Improved visibility of potential PD Array structures
- Better context for manual analysis
Visual aid for ICT concepts identification
- Helps traders manually spot potential Breaker Blocks and Order Blocks
- Clearer view for identifying Inefficient Price Points
- Better context for Fair Value Gaps analysis
- Enhanced visibility for Mitigation Points and Liquidity Voids detection
Note: This indicator provides enhanced visualization tools to support manual ICT analysis. It does not automatically detect or mark PD Arrays or other ICT concepts - it serves as a visual aid for traders who understand and manually apply ICT concepts in their analysis.
Market Structure Analysis
- Compare price structure across timeframes
- Identify key levels on multiple timeframes
- Analyze session breakouts and swings
- Track market structure shifts
Candle Range Theory (CRT)
- Compare candle ranges across timeframes
- Identify potential breakout/breakdown levels
- Analyze relationships between HTF and LTF candle ranges
- Recognize reversal points at HTF range extremes
Turtle Soup Strategy Enhancement
- Identify false breakouts
- Validate breakouts by comparing LTF momentum with HTF structure
- Precise entry and exit level determination
Trading Efficiency
Time Management
- All necessary information on one chart
- Eliminate timeframe switching
- Quick market condition analysis
- Enhanced trading efficiency
Decision Making
- Instant market structure overview
- Quick key level identification
- Efficient trade setup confirmation
- Better entry and exit timing
Note
For optimal results, we recommend starting by setting the Base Price Level to the approximate price level of the main symbol, then adjusting the vertical offsets of other symbols according to your preferences.
Multi-Timeframe MACD, Signal & Histogram TableThis Pine Script is designed for the TradingView platform to create a multi-timeframe MACD (Moving Average Convergence Divergence), Signal, and Histogram table that displays values for different timeframes. The script uses the MACD indicator to assess market trends across various timeframes and display the results in a table format on the chart. Here's a breakdown of its components and functionality:
1. User Inputs for Timeframes:
The script allows the user to input five different timeframes for the analysis. These are configured using input.string, which enables the user to select from a list of timeframes (from seconds to months).
tf1 to tf5 represent the different timeframes (for example, 5 minutes, 15 minutes, 60 minutes, 240 minutes, and daily).
2. MACD Settings:
The script provides adjustable settings for the MACD calculation:
macdShortLength (default 12): The length of the short-term moving average for the MACD.
macdLongLength (default 26): The length of the long-term moving average for the MACD.
macdSignalLength (default 9): The length of the signal line, which is an EMA (Exponential Moving Average) of the MACD line.
3. MACD Calculation Function (calc_macd):
This function calculates the MACD, Signal, and Histogram values:
MACD Line: Difference between the fast and slow exponential moving averages.
Signal Line: EMA of the MACD line.
Histogram: Difference between the MACD line and Signal line.
4. Requesting Multi-Timeframe Data:
The script calculates the MACD, Signal, and Histogram for the selected timeframes (tf1 to tf5) using request.security, which retrieves data for those timeframes:
macd_tf1, signal_tf1, hist_tf1 for Timeframe 1 (and similar variables for the other timeframes).
5. Rounding Values:
A helper function roundDecimal is used to round MACD, Signal, and Histogram values to two decimal places for readability.
6. Color Assignment Based on Value:
The colors of the values in the table cells are dynamically set based on whether the value is positive or negative:
MACD, Signal, and Histogram: The script uses conditional color assignments (green for positive values, red for negative values).
For example, if the MACD value is greater than or equal to 0, it is colored green, otherwise red. The same logic applies to the Signal and Histogram values.
7. Populating the Table:
For each timeframe (tf1 to tf5), the script populates the table with the following data:
Timeframe (e.g., "5 min")
Rounded MACD value
Rounded Signal value
Rounded Histogram value
The respective color is applied to each value based on whether it is positive or negative.
8. Table Update:
The table is updated dynamically with new data on each new bar. Each timeframe’s values are populated into the table starting from row 1 through row 5.
Silver Bullet ICT Strategy [TradingFinder] 10-11 AM NY Time +FVG🔵 Introduction
The ICT Silver Bullet trading strategy is a precise, time-based algorithmic approach that relies on Fair Value Gaps and Liquidity to identify high-probability trade setups. The strategy primarily focuses on the New York AM Session from 10:00 AM to 11:00 AM, leveraging heightened market activity within this critical window to capture short-term trading opportunities.
As an intraday strategy, it is most effective on lower timeframes, with ICT recommending a 15-minute chart or lower. While experienced traders often utilize 1-minute to 5-minute charts, beginners may find the 1-minute timeframe more manageable for applying this strategy.
This approach specifically targets quick trades, designed to take advantage of market movements within tight one-hour windows. By narrowing its focus, the Silver Bullet offers a streamlined and efficient method for traders to capitalize on liquidity shifts and price imbalances with precision.
In the fast-paced world of forex trading, the ability to identify market manipulation and false price movements is crucial for traders aiming to stay ahead of the curve. The Silver Bullet Indicator simplifies this process by integrating ICT principles such as liquidity traps, Order Blocks, and Fair Value Gaps (FVG).
These concepts form the foundation of a tool designed to mimic the strategies of institutional players, empowering traders to align their trades with the "smart money." By transforming complex market dynamics into actionable insights, the Silver Bullet Indicator provides a powerful framework for short-term trading success
Silver Bullet Bullish Setup :
Silver Bullet Bearish Setup :
🔵 How to Use
The Silver Bullet Indicator is a specialized tool that operates within the critical time windows of 9:00-10:00 and 10:00-11:00 in the forex market. Its design incorporates key principles from ICT (Inner Circle Trader) methodology, focusing on concepts such as liquidity traps, CISD Levels, Order Blocks, and Fair Value Gaps (FVG) to provide precise and actionable trade setups.
🟣 Bullish Setup
In a bullish setup, the indicator starts by marking the high and low of the session, serving as critical reference points for liquidity. A typical sequence involves a liquidity grab below the low, where the price manipulates retail traders into selling positions by breaching a key support level.
This movement is often orchestrated by smart money to accumulate buy orders. Following this liquidity grab, a market structure shift (MSS) occurs, signaled by the price breaking the CISD Level—a confirmation of bullish intent. The indicator then highlights an Order Block near the CISD Level, representing the zone where institutional buying is concentrated.
Additionally, it identifies a Fair Value Gap, which acts as a high-probability area for price retracement and trade entry. Traders can confidently take long positions when the price revisits these zones, targeting the next significant liquidity pool or resistance level.
Bullish Setup in CAPITALCOM:US100 :
🟣 Bearish Setup
Conversely, in a bearish setup, the price manipulates liquidity by creating a false breakout above the high of the session. This move entices retail traders into long positions, allowing institutional players to enter sell orders.
Once the price reverses direction and breaches the CISD Level to the downside, a change of character (CHOCH) becomes evident, confirming a bearish market structure. The indicator highlights an Order Block near this level, indicating the origin of the institutional sell orders, along with an associated FVG, which represents an imbalance zone likely to be revisited before the price continues downward.
By entering short positions when the price retraces to these levels, traders align their strategies with the anticipated continuation of bearish momentum, targeting nearby liquidity voids or support zones.
Bearish Setup in OANDA:XAUUSD :
🔵 Settings
Refine Order Block : Enables finer adjustments to Order Block levels for more accurate price responses.
Mitigation Level OB : Allows users to set specific reaction points within an Order Block, including: Proximal: Closest level to the current price. 50% OB: Midpoint of the Order Block. Distal: Farthest level from the current price.
FVG Filter : The Judas Swing indicator includes a filter for Fair Value Gap (FVG), allowing different filtering based on FVG width: FVG Filter Type: Can be set to "Very Aggressive," "Aggressive," "Defensive," or "Very Defensive." Higher defensiveness narrows the FVG width, focusing on narrower gaps.
Mitigation Level FVG : Like the Order Block, you can set price reaction levels for FVG with options such as Proximal, 50% OB, and Distal.
CISD : The Bar Back Check option enables traders to specify the number of past candles checked for identifying the CISD Level, enhancing CISD Level accuracy on the chart.
🔵 Conclusion
The Silver Bullet Indicator is a cutting-edge tool designed specifically for forex traders who aim to leverage market dynamics during critical liquidity windows. By focusing on the highly active 9:00-10:00 and 10:00-11:00 timeframes, the indicator simplifies complex market concepts such as liquidity traps, Order Blocks, Fair Value Gaps (FVG), and CISD Levels, transforming them into actionable insights.
What sets the Silver Bullet Indicator apart is its precision in detecting false breakouts and market structure shifts (MSS), enabling traders to align their strategies with institutional activity. The visual clarity of its signals, including color-coded zones and directional arrows, ensures that both novice and experienced traders can easily interpret and apply its findings in real-time.
By integrating ICT principles, the indicator empowers traders to identify high-probability entry and exit points, minimize risk, and optimize trade execution. Whether you are capturing short-term price movements or navigating complex market conditions, the Silver Bullet Indicator offers a robust framework to enhance your trading performance.
Ultimately, this tool is more than just an indicator; it is a strategic ally for traders who seek to decode the movements of smart money and capitalize on institutional strategies. With the Silver Bullet Indicator, traders can approach the market with greater confidence, precision, and profitability.
VD Zig Zag with SMAIntroduction
The VD Zig Zag with SMA indicator is a powerful tool designed to streamline technical analysis by combining Zig Zag swing lines with a Simple Moving Average (SMA). It offers traders a clear and intuitive way to analyze price trends, market structure, and potential reversals, all within a customizable framework.
Definition
The Zig Zag indicator is a trend-following tool that highlights significant price movements by filtering out smaller fluctuations. It visually connects swing highs and lows to reveal the underlying market structure. When paired with an SMA, it provides an additional layer of trend confirmation, helping traders align their strategies with market momentum.
Calculations
Zig Zag Logic:
Swing highs and lows are determined using a user-defined length parameter.
The highest and lowest points within the specified range are identified using the ta.highest() and ta.lowest() functions.
Zig Zag lines dynamically connect these swing points to visually map price movements.
SMA Logic:
The SMA is calculated using the closing prices over a user-defined period.
It smooths out price action to provide a clearer view of the prevailing trend.
The indicator allows traders to adjust the Zig Zag length and SMA period to suit their preferred trading timeframe and strategy.
Takeaways
Enhanced Trend Analysis: The Zig Zag lines clearly define the market's structural highs and lows, helping traders identify trends and reversals.
Customizable Parameters: Both the swing length and SMA period can be tailored for short-term or long-term trading strategies.
Visual Clarity: By filtering out noise, the indicator simplifies chart analysis and enables better decision-making.
Multi-Timeframe Support: Adapts seamlessly to the chart's timeframe, ensuring usability across all trading horizons.
Limitations
Lagging Nature: As with any indicator, the Zig Zag and SMA components are reactive and may lag during sudden price movements.
Sensitivity to Parameters: Improper parameter settings can lead to overfitting, where the indicator reacts too sensitively or misses significant trends.
Does Not Predict: This indicator identifies trends and structure but does not provide forward-looking predictions.
Summary
The VD Zig Zag with SMA indicator is a versatile and easy-to-use tool that combines the strengths of Zig Zag swing analysis and moving average trends. It helps traders filter market noise, visualize structural patterns, and confirm trends with greater confidence. While it comes with limitations inherent to all technical tools, its customizable features and multi-timeframe adaptability make it an excellent addition to any trader’s toolkit.
Additional Features
Have an idea or a feature you'd like to see added?
Feel free to reach out or share your suggestions here—I’m always open to updates!
ATR and Volume AnalysisHi!
I would like to present an indicator that's meant to measure ratio of Volatility to Volume.
Basically it measures 2 moving averages (14 and 100 period) of ATR and Volume and then compares them. The output is ATR14 / Vol14
Color scheme
Red: Volume and ATR is both below 14 period
Green: Both are above
Yellow: Volume up, volatility down
Purple: Volume down, volatility up
Then there are two lines - 1 and 1.5
That is, in my opinion, the most optimal state to trade, because 1 means that there is some volatility and it's confirmed by volume. Above 1,5 you could see it as overbought (or oversold) zone. If it's above this line, we could expect a retracement since the volatility is not backed by volume. Above 2 it's quite critical and I would suggest closing trades.
(You can use it across all timeframes. In fact it's better if you do so. Longer timeframes are good for spotting tradeable markets while shorter timeframes show overbought / oversold zones)
I have also added option to choose between 4 different moving averages, but in my opinion RMA works the best.
Feel free to share some feedback, I would really appreciate it.
Sincerely,
Beefmaster
[Stuppieeeeeee] - Multiple vertical timeframes linesEnhance your trading experience with this intuitive indicator that displays vertical lines on your chart to mark the start of new bars in higher timeframes. Whether you're analyzing on a 5-minute chart or any other lower timeframe, this tool helps you visualize when significant periods begin on larger scales like hourly, daily, or even monthly charts.
Key Features:
Multiple Timeframes Supported: Choose from 5 minutes, 15 minutes, 1 hour, 4 hours, 12 hours, daily, weekly, and monthly timeframes to display vertical lines.
Customizable Appearance: Personalize each set of lines by adjusting their colors, including transparency levels, line styles (solid, dashed, dotted), and widths to suit your preferences and enhance visibility.
Automatic Visibility Management: The indicator intelligently hides lines for timeframes that are equal to or lower than your current chart timeframe, keeping your chart clean and focused.
Future Projection: Not only does it mark the start of current higher timeframe bars, but it also projects lines into the near future. This feature allows you to anticipate upcoming significant time intervals, aiding in better planning and decision-making.
Layer Control: You have the ability to control which lines appear above others. By adjusting the drawing order and using transparency settings, you ensure that all important lines are visible without cluttering your chart.
Benefits:
Enhanced Multi-Timeframe Analysis: Quickly identify when higher timeframe bars start while analyzing lower timeframe charts, helping you align your trades with significant market movements.
Improved Market Structure Understanding: Visual cues from the vertical lines aid in recognizing patterns and trends that span across different timeframes.
Strategic Planning: Anticipate key time intervals with future projection lines, allowing you to prepare for potential market shifts.
How to Use:
Apply the Indicator:
Add the indicator to your TradingView chart as you would with any other tool.
It's most effective when used on lower timeframe charts (like 5-minute or 15-minute charts) to display lines from higher timeframes.
Customize Settings:
Open the indicator's settings panel.
For each timeframe, adjust the line color, style, width, and transparency to your liking.
Set the transparency to allow underlying lines to show through if desired.
Interpret the Lines:
Vertical lines will appear at the start of new bars for the higher timeframes you've selected.
Use these visual markers to inform your entry and exit points, aligning them with larger market movements.
Pay attention to future lines to anticipate upcoming periods of interest.
Notes:
Performance Considerations: Displaying a large number of lines may impact chart performance. If you notice any lag, consider reducing the number of active timeframes or increasing line transparency.
TradingView Limitations: Be aware that TradingView limits the number of drawing objects on a chart. The indicator is designed to manage this, but extremely long timeframes or high bar counts might affect its operation.
Heiken Ashi Algo Premium KillZoneTraders face daily challenges in navigating the fast-paced market, from waiting for higher timeframe data to delayed confirmation signals. This innovative system changes everything, offering tools that have never before been available in the trading community. With groundbreaking features like
KillZones
High Timeframe RSI (HTF RSI) and
True Midline
this system is seeks to solve major problems that hurt traders every day.
KillZones give traders an edge by pinpointing critical price levels where momentum and liquidity shift.
The Custom High Timeframe RSI brings real-time higher timeframe trend confirmation directly to your chart, eliminating the need to wait for candles to close. A totally new way to calculate HTF RSI without waiting for higher time candles to close.
The True Midline adjusts dynamically, showing exactly when the market is in equilibrium or transitioning between bullish and bearish momentum.
Custom Heiken-Ashi Oscillator Candles:
It uses customized Heiken Ashi candle calculations that allow it present trends more accurately while the candles are limited to an oscillator as opposed to price values. Candle up or candle down doesnt always mean long or short. Ive included a setting called "Secret Sauce Colors" to alter the colors of the Heiken Ashi candles so they will be colored to the actual trend taking place instead of just bullish or bearish closing.
The Liquidity Ribbon:
This indicator contains a built in customized version of a Stochastic Oscillator called "The Liquidity Ribbon" which shows you when liquidity of either side is entering and existing the market. It uses calculations of market and volume pressure to give you a visual representation of who is trying to alter asset pricing. This is NOT the stochastic RSI but I've given you guys an visual approach of something that looks similar.
The ribbon has bullish and bearish sides that flip over eachother. As one grows, the other shrinks so yo u can see in real time the flow of money from either side and whos winning.
Bullish and Bearish Premium and Discount Zones
What Are They?
Bullish and Bearish Premium and Discount Zones are visualized on the indicator as distinct colored sections within the oscillator, providing a quick snapshot of market conditions:
Bearish Premium Zone: Indicates areas of overextension in bearish momentum, often associated with ranging markets.
Bearish Discount Zone: Highlights opportunities where bearish trends are gaining strength and momentum is trending.
Bullish Discount Zone: Marks areas in bullish conditions where the market is consolidating or ranging.
Bullish Premium Zone: Identifies zones where bullish momentum is strong and trends are more pronounced.
How to Use Them?
For long trades, consider the following:
Scalping Opportunities: When the market is trending higher and Heiken-Ashi candles are closing above the high-timeframe RSI, short-term long scalps can be executed in the Discount Bullish Zone, where consolidation occurs.
Trending Trades: Larger, more sustained long trades can be taken when price moves into the Premium Bullish Zone, signaling stronger upward momentum.
Breakout Trading: When price crosses into a trending zone and simultaneously breaks through previous price resistance or support, this confluence solidifies entries for breakout trades across previous highs or lows, providing a higher probability for successful trades.
This structured use of Premium and Discount Zones gives traders a clear edge, offering insights into both market range and trend strength.
True Midline
What Is It?
The True Midline represents the dynamic equilibrium between buyers and sellers, adapting to real-time market activity. Unlike fixed midlines in traditional oscillators, it adjusts based on where buyers and sellers enter and exit the market.
How Does It Work?
The midline accounts for four key activities: buyer entry, buyer exit, seller entry, and seller exit. This holistic approach highlights shifts in momentum and periods of reduced activity, such as when both buyers and sellers exit simultaneously, creating larger ranging zones.
How to Use It?
Consolidation Zones: Narrow midline ranges signal market indecision, often preceding breakouts.
Momentum Shifts: Crossing above or below the midline indicates transitions into bullish or bearish conditions.
Ranging Markets: Identifies reduced interest during simultaneous buyer and seller exits, helping avoid false signals.
The True Midline offers a clearer picture of market balance, helping traders navigate trends and consolidations with confidence.
Dynamic Trending Zones:
What Are They?
Dynamic Trending Zones represent areas of high volatility and breakout potential, reflecting shifts in market momentum and participation. These zones are self-adjusting and directly influence the midline's position.
There are two zones:
Bullish Trending Zone: Signals increased buyer momentum.
Bearish Trending Zone: Signals increased seller momentum.
How Are They Calculated?
The zones are derived using a combination of volume pressure and momentum changes, but these changes need to be sufficient to have moved price over time:
The indicator tracks sudden shifts in momentum relative to volume changes to identify critical thresholds for breakouts.
A "need-to-cross" point is established in each zone, acting as a breakout trigger.
If opposing or additional volume and momentum are insufficient, the zone remains unchanged until market conditions shift.
This ensures the zones dynamically adapt to real-time market activity while maintaining accuracy during periods of indecision or consolidation.
How to Use Them?
Bullish Breakouts: Crossing into the bullish zone and breaking a previous resistance signals strong buyer momentum. Check for contraction in the bearish zone to confirm dominance.
Bearish Breakouts: Similarly, crossing into the bearish zone while breaking a support level confirms seller strength.
Momentum Confirmation: Ensure current momentum is leading the high-timeframe RSI for more reliable trade setups.
Zone Analysis : Expansion of a zone signals increased participation (e.g., more buyers or sellers entering), while contraction indicates reduced activity or that buyers and or sellers are closing their positions.
These zones provide actionable insights into breakout potential and market momentum, helping traders make informed decisions in volatile conditions.
High Timeframe RSI (HTF RSI)
What Is It?
The High Timeframe RSI gives you real-time higher timeframe RSI values directly on your lower timeframe chart. This means you don’t have to wait for the higher timeframe candle to close before seeing the RSI updates—it’s always live.
Why Is It Needed?
Normally, to see the RSI on a higher timeframe, you have to wait for that timeframe to close. This can be slow and lead to missed opportunities. The HTF RSI solves this by showing you the higher timeframe RSI values as soon as each lower timeframe candle closes, giving you faster insights and no delays.
How It works?
Rather than just using the standard RSI, the HTF RSI compares the momentum on your current timeframe with what it would be on the higher timeframe. It takes into account how many candles on your current chart fit into each higher timeframe candle. This makes sure that the higher timeframe RSI is accurate and reflects the real momentum, even when switching between timeframes.
How to Use It?
Trend Confirmation:
When the HTF RSI is above the midline, it shows a bullish trend on the higher timeframe, and if your current momentum is also bullish, it strengthens your trade setup.
When the HTF RSI is below the midline, it shows a bearish trend, and if your current momentum is bearish, it supports short trade setups.
If bearish momentum is above the HTF RSI, it suggests a local downtrend within a larger bullish trend.
Major Benefits
Custom Timeframes: You can use any higher timeframe you choose, not just the typical ones.
Real-Time Updates: Get higher timeframe RSI values with each candle, without delays.
Better Trading Insights: Align your trades with both lower and higher timeframe trends to make more informed decisions.
With HTF RSI, you get a clear view of higher timeframe trends in real time, so you can act faster and smarter on your trades.
STRATEGY Fibonacci Levels with High/Low Criteria - AYNET
Here is an explanation of the Fibonacci Levels Strategy with High/Low Criteria script:
Overview
This strategy combines Fibonacci retracement levels with high/low criteria to generate buy and sell signals based on price crossing specific thresholds. It utilizes higher timeframe (HTF) candlesticks and user-defined lookback periods for high/low levels.
Key Features
Higher Timeframe Integration:
The script calculates the open, high, low, and close values of the higher timeframe (HTF) candlestick.
Users can choose to calculate levels based on the current or the last HTF candle.
Fibonacci Levels:
Fibonacci retracement levels are dynamically calculated based on the HTF candlestick's range (high - low).
Users can customize the levels (0.000, 0.236, 0.382, 0.500, 0.618, 0.786, 1.000).
High/Low Lookback Criteria:
The script evaluates the highest high and lowest low over user-defined lookback periods.
These levels are plotted on the chart for visual reference.
Trade Signals:
Long Signal: Triggered when the close price crosses above both:
The lowest price criteria (lookback period).
The Fibonacci level 3 (default: 0.5).
Short Signal: Triggered when the close price crosses below both:
The highest price criteria (lookback period).
The Fibonacci level 3 (default: 0.5).
Visualization:
Plots Fibonacci levels and high/low criteria on the chart for easy interpretation.
Inputs
Higher Timeframe:
Users can select the timeframe (default: Daily) for the HTF candlestick.
Option to calculate based on the current or last HTF candle.
Lookback Periods:
lowestLookback: Number of bars for the lowest low calculation (default: 20).
highestLookback: Number of bars for the highest high calculation (default: 10).
Fibonacci Levels:
Fully customizable Fibonacci levels ranging from 0.000 to 1.000.
Visualization
Fibonacci Levels:
Plots six customizable Fibonacci levels with distinct colors and transparency.
High/Low Criteria:
Plots the highest and lowest levels based on the lookback periods as reference lines.
Trading Logic
Long Condition:
Price must close above:
The lowest price criteria (lowcriteria).
The Fibonacci level 3 (50% retracement).
Short Condition:
Price must close below:
The highest price criteria (highcriteria).
The Fibonacci level 3 (50% retracement).
Use Case
Trend Reversal Strategy:
Combines Fibonacci retracement with recent high/low criteria to identify potential reversal or breakout points.
Custom Timeframe Analysis:
Incorporates higher timeframe data for multi-timeframe trading strategies.
Multi-LTF ATR Trailing Stop - AYNETSimple Explanation of the Code
This Pine Script code implements a multi-timeframe ATR-based trailing stop indicator. It calculates and plots the trailing stop lines for up to six configurable timeframes. Users can enable or disable specific timeframes, and each trailing stop line is color-coded and labeled with the corresponding timeframe (e.g., "15m", "1H").
Key Features of the Code
Multi-Timeframe Support:
The script calculates trailing stops for six different timeframes, such as 15 minutes, 1 hour, 1 day, etc.
User Configurations:
The user can:
Select timeframes for each trailing stop (e.g., "15m", "1H").
Enable or disable each timeframe using checkboxes.
Adjust the ATR period and multiplier to customize the trailing stop calculation.
Color-Coded Lines:
Each timeframe's trailing stop is plotted with a unique color for easy distinction.
Labels for Timeframes:
Labels at the end of the lines indicate the timeframe of each trailing stop (e.g., "15m", "1H").
Summary
This code is a multi-timeframe ATR trailing stop tool that helps traders visualize and analyze trailing stops across multiple timeframes. It is customizable, dynamic, and visually intuitive, making it ideal for both trend-following and stop-loss management.
TFMTFM Strategy Explanation
Overview
The TFM (Timeframe Multiplier) strategy is a PineScript trading bot that utilizes multiple timeframes to identify entry and exit points.
Inputs
1. tfm (Timeframe Multiplier): Multiplies the chart's timeframe to create a higher timeframe for analysis.
2. lns (Long and Short): Enables or disables short positions.
Logic
Calculations
1. chartTf: Gets the chart's timeframe in seconds.
2. tfTimes: Calculates the higher timeframe by multiplying chartTf with tfm.
3. MintickerClose and MaxtickerClose: Retrieve the minimum and maximum closing prices from the higher timeframe using request.security.
- MintickerClose: Finds the lowest low when the higher timeframe's close is below its open.
- MaxtickerClose: Finds the highest high when the higher timeframe's close is above its open.
Entries and Exits
1. Long Entry: When the current close price crosses above MaxtickerClose.
2. Short Entry (if lns is true): When the current close price crosses below MintickerClose.
3. Exit Long: When the short condition is met (if lns is false) or when the trade is manually closed.
Strategy
1. Attach the script to a chart.
2. Adjust tfm and lns inputs.
3. Monitor entries and exits.
Example Use Cases
1. Intraday trading with tfm = 2-5.
2. Swing trading with tfm = 10-30.
Tips
1. Experiment with different tfm values.
2. Use lns to control short positions.
3. Combine with other indicators for confirmation.
Direction Coefficient Indicator# Direction Coefficient Indicator with Advanced Volume & Volatility Adjustments
The Direction Coefficient Indicator represents an advanced technical analysis tool that combines price momentum analysis with sophisticated volume and volatility adjustments. This versatile indicator measures market direction while adapting to various trading conditions, making it valuable for both trend following and momentum trading strategies.
At its core, the indicator employs a unique approach to price analysis by establishing a dynamic reference period for calculations. It processes price data through an EMA smoothing mechanism to reduce market noise and presents results as percentage-based measurements, ensuring universal applicability across different markets and timeframes.
One of the indicator's standout features is its volume integration system. When enabled, this system implements volume-weighted calculations that provide enhanced accuracy during significant market moves while effectively reducing false signals during low-volume periods. This volume weighting mechanism proves particularly valuable in highly liquid markets where volume plays a crucial role in price movement validation.
The volatility adjustment feature sets this indicator apart from traditional momentum tools. By incorporating smart volatility normalization, the indicator adapts seamlessly to changing market conditions. This adjustment helps maintain consistent signals across different volatility regimes, preventing excessive noise during highly volatile periods while remaining sensitive enough during calmer market phases.
Direction change detection forms another crucial component of the indicator. The system continuously monitors momentum shifts and provides early warning signals for potential trend reversals. This feature helps traders avoid late exits from positions and offers valuable insights for potential market turning points. When the indicator detects significant changes in momentum, it displays a warning symbol (⚠) alongside its regular signals.
The visual presentation of the indicator utilizes an intuitive color-coded system. Green labels indicate positive momentum, while red labels signify negative momentum. The display system includes customizable label sizes and positions, allowing traders to adapt the visual elements to their specific chart setup and preferences. Label distance from candles, color schemes, and reference lines can all be adjusted to create an optimal visual experience.
For practical application, the indicator offers several parameter settings that traders can adjust. The time period parameters include adjustable lookback periods and EMA length, while advanced calculation options allow for enabling or disabling volume weighting and volatility adjustment features. These parameters can be fine-tuned based on specific trading timeframes and market conditions.
In trend following scenarios, traders can use the coefficient direction for trend confirmation while monitoring warning signals for potential exits. The volume weighting feature adds another layer of confirmation for trend strength. For momentum trading, strong coefficient readings can signal entry points, while warning signals help identify potential exit timing.
Risk management becomes more systematic with this indicator. Warning signals can guide stop loss placement, while the volatility adjustment feature assists in position sizing decisions. The volume weighting component helps traders evaluate the significance of price moves, contributing to more informed entry timing decisions.
The indicator performs optimally when traders start with default settings and gradually adjust parameters based on their specific needs. For longer-term trades, increasing the lookback period often provides more stable signals. In highly liquid markets, enabling volume weighting can enhance signal quality. The volatility adjustment feature proves particularly valuable during unstable market conditions.
The Direction Coefficient Indicator stands as a comprehensive solution for traders seeking a sophisticated yet practical approach to market analysis. By combining multiple analytical components into a single, customizable tool, it provides valuable insights while remaining accessible to traders of various experience levels.
For optimal results, traders should consider using this indicator in conjunction with other technical analysis tools while paying attention to its warning signals and volume-weighted insights. Regular parameter adjustment based on changing market conditions and specific trading styles will help maximize the indicator's effectiveness in various trading scenarios.
Indicateur de Coefficient Directeur
L'Indicateur de Coefficient Directeur représente un outil d'analyse technique avancé qui combine l'analyse de momentum des prix avec des ajustements sophistiqués de volume et de volatilité. Cet indicateur polyvalent mesure la direction du marché tout en s'adaptant à diverses conditions de trading, le rendant précieux tant pour le suivi de tendance que pour les stratégies de trading momentum.
À sa base, l'indicateur emploie une approche unique de l'analyse des prix en établissant une période de référence dynamique pour les calculs. Il traite les données de prix à travers un mécanisme de lissage EMA pour réduire le bruit du marché et présente les résultats sous forme de mesures en pourcentage, assurant une applicabilité universelle à travers différents marchés et temporalités.
L'une des caractéristiques distinctives de l'indicateur est son système d'intégration du volume. Lorsqu'il est activé, ce système met en œuvre des calculs pondérés par le volume qui fournissent une précision accrue pendant les mouvements significatifs du marché tout en réduisant efficacement les faux signaux pendant les périodes de faible volume. Ce mécanisme de pondération du volume s'avère particulièrement valuable dans les marchés très liquides où le volume joue un rôle crucial dans la validation des mouvements de prix.
La fonction d'ajustement de la volatilité distingue cet indicateur des outils de momentum traditionnels. En incorporant une normalisation intelligente de la volatilité, l'indicateur s'adapte parfaitement aux conditions changeantes du marché. Cet ajustement aide à maintenir des signaux cohérents à travers différents régimes de volatilité, empêchant le bruit excessif pendant les périodes très volatiles tout en restant suffisamment sensible pendant les phases de marché plus calmes.
La détection des changements de direction forme une autre composante cruciale de l'indicateur. Le système surveille continuellement les changements de momentum et fournit des signaux d'avertissement précoces pour les potentiels renversements de tendance. Cette fonctionnalité aide les traders à éviter les sorties tardives des positions et offre des aperçus précieux des potentiels points de retournement du marché. Lorsque l'indicateur détecte des changements significatifs de momentum, il affiche un symbole d'avertissement (⚠) à côté de ses signaux réguliers.
La présentation visuelle de l'indicateur utilise un système intuitif codé par couleurs. Les étiquettes vertes indiquent un momentum positif, tandis que les étiquettes rouges signifient un momentum négatif. Le système d'affichage inclut des tailles et positions d'étiquettes personnalisables, permettant aux traders d'adapter les éléments visuels à leur configuration spécifique de graphique et leurs préférences. La distance des étiquettes par rapport aux bougies, les schémas de couleurs et les lignes de référence peuvent tous être ajustés pour créer une expérience visuelle optimale.
Pour l'application pratique, l'indicateur offre plusieurs paramètres de réglage que les traders peuvent ajuster. Les paramètres de période temporelle incluent des périodes de référence ajustables et la longueur de l'EMA, tandis que les options de calcul avancées permettent d'activer ou de désactiver les fonctionnalités de pondération du volume et d'ajustement de la volatilité. Ces paramètres peuvent être affinés en fonction des temporalités de trading spécifiques et des conditions de marché.
Dans les scénarios de suivi de tendance, les traders peuvent utiliser la direction du coefficient pour la confirmation de tendance tout en surveillant les signaux d'avertissement pour les sorties potentielles. La fonction de pondération du volume ajoute une couche supplémentaire de confirmation pour la force de la tendance. Pour le trading momentum, des lectures fortes du coefficient peuvent signaler des points d'entrée, tandis que les signaux d'avertissement aident à identifier le timing potentiel de sortie.
La gestion du risque devient plus systématique avec cet indicateur. Les signaux d'avertissement peuvent guider le placement des stops loss, tandis que la fonction d'ajustement de la volatilité aide aux décisions de dimensionnement des positions. La composante de pondération du volume aide les traders à évaluer l'importance des mouvements de prix, contribuant à des décisions de timing d'entrée plus éclairées.
L'indicateur fonctionne de manière optimale lorsque les traders commencent avec les paramètres par défaut et ajustent progressivement les paramètres en fonction de leurs besoins spécifiques. Pour les trades à plus long terme, l'augmentation de la période de référence fournit souvent des signaux plus stables. Dans les marchés très liquides, l'activation de la pondération du volume peut améliorer la qualité des signaux. La fonction d'ajustement de la volatilité s'avère particulièrement précieuse pendant les conditions de marché instables.
L'Indicateur de Coefficient Directeur s'impose comme une solution complète pour les traders recherchant une approche sophistiquée mais pratique de l'analyse de marché. En combinant plusieurs composantes analytiques en un seul outil personnalisable, il fournit des aperçus précieux tout en restant accessible aux traders de différents niveaux d'expérience.
Pour des résultats optimaux, les traders devraient envisager d'utiliser cet indicateur en conjonction avec d'autres outils d'analyse technique tout en prêtant attention à ses signaux d'avertissement et ses aperçus pondérés par le volume. L'ajustement régulier des paramètres basé sur les conditions changeantes du marché et les styles de trading spécifiques aidera à maximiser l'efficacité de l'indicateur dans divers scénarios de trading.
Bewakoof stock indicator**Title**: "Bewakoof Stock Indicator: Multi-Timeframe RSI and SuperTrend Entry-Exit System"
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### Description
The **Bewakoof Stock Indicator** is an original trading tool that combines multi-timeframe RSI analysis with the SuperTrend indicator to create reliable entry and exit signals for trending markets. This indicator is designed for traders looking to follow strong trends with built-in risk management. By filtering entries through short- and long-term momentum and utilizing dynamic trailing exits, this indicator provides a structured approach to trading.
#### Indicator Components
1. **Multi-Timeframe RSI Analysis**:
- The Relative Strength Index (RSI) is calculated across three timeframes: Daily, Weekly, and Monthly.
- By examining multiple timeframes, the indicator confirms that trends align over short, medium, and long-term intervals, making buy signals more reliable.
- **Buy Condition**: All three RSI values must meet these thresholds:
- **Daily RSI > 50** – indicates short-term upward momentum,
- **Weekly RSI > 60** – signals medium-term strength,
- **Monthly RSI > 60** – confirms long-term trend alignment.
- This filtering process ensures that buy signals are generated only in stable, upward-trending markets.
2. **SuperTrend Confirmation**:
- The SuperTrend (20-period ATR with a multiplier of 2) acts as a trend filter and trailing stop mechanism.
- For a buy condition to be valid, the closing price must be above the SuperTrend level, verifying that the market is trending up.
- The combination of RSI and SuperTrend helps to avoid false signals, focusing only on well-established trends.
#### Trade Signals
- **Buy Signal**: When both the multi-timeframe RSI and SuperTrend conditions are met, a buy signal is triggered, indicated by a “BUY” label on the chart with details:
- **Entry Price**,
- **Initial Stop-Loss** (set at the SuperTrend level for risk control),
- **Target 1** – calculated with a 1:1 risk-reward ratio based on the initial stop-loss,
- **Target 2** – calculated with a 1:2 risk-reward ratio based on the initial stop-loss.
- **Exit Signals**: This indicator provides two exit strategies to protect profits:
1. **Fixed Stop-Loss**: Automatically set at the SuperTrend level at the time of entry to limit risk.
2. **Trailing Exit**: Exits are triggered if the price crosses below the SuperTrend level, adapting to potential trend reversals.
#### Labeling & Alerts
The **Bewakoof Stock Indicator** offers intuitive labeling and alert options:
- **Labels**: Buy and exit points are clearly marked, showing entry, stop-loss, and targets directly on the chart.
- **Alerts**: Custom alerts can be set for:
- **Buy signals** when both conditions are met, and
- **Exit signals** triggered by the stop-loss or trailing exit.
#### Use Case and Benefits
This indicator is ideal for trend-following traders who value risk control and trend confirmation:
- **Stronger Trend Signals**: By requiring RSI alignment across multiple timeframes, this indicator focuses only on trades with strong trend momentum.
- **Dynamic Risk Management**: Using both fixed and trailing exits enables flexible trade management, balancing risk and potential reward.
- **Simple Trade Execution**: The chart labels and alerts simplify trade decisions, making it easy to enter, manage, and exit trades.
#### How to Use
1. **Add** the Bewakoof Stock Indicator to your chart.
2. **Watch** for the "BUY" label as your entry point.
3. **Manage the trade** using the labeled stop-loss and target levels.
4. **Exit** on either a stop-loss hit or when the price crosses below the SuperTrend for a trailing exit.
The **Bewakoof Stock Indicator** is a complete solution for trend-following traders, combining the strength of multi-timeframe RSI with the SuperTrend’s trend-following capabilities. This systematic approach aims to provide high-confidence entries and effective risk management, empowering traders to follow trends with precision and control.
Customizable Multi-Timeframe Doji with Ray and Editable LabelScript Overview
Script Name: Customizable Multi-Timeframe Doji Candle Levels with Ray and Editable Label
Purpose: This script helps traders identify significant price levels based on high timeframe Doji candles, allowing them to visualize key areas of support, resistance, entry, and exit. By plotting real-time Doji levels from higher timeframes directly on the current chart, traders can easily spot areas where market indecision or potential trend reversals have previously occurred, making these levels highly relevant for future price action.
How the Script Works
This script detects Doji candles on a selected higher timeframe (e.g., daily, weekly, monthly) and plots a ray at the Doji’s closing level on the current chart. The Doji candle formation, characterized by an open and close that are very close or equal, is often an indicator of market indecision. By identifying these Doji levels from high timeframes, the script provides traders with insight into where strong support and resistance zones may form.
The script continuously monitors and updates the Doji level based on the selected timeframe, ensuring that only the latest detected Doji candle is displayed on the chart, helping traders avoid clutter and focus on the most recent data.
Core Components and Calculations
1 Doji Detection Logic:
-The script calculates the Doji candle formation based on a small body percentage (defined by the C_DojiBodyPercent parameter) and relative symmetry in upper and lower shadows (defined by C_ShadowPercent and C_ShadowEqualsPercent).
-A Doji is considered valid when the open and close prices are nearly equal, and the shadows are symmetric within the defined parameters, indicating indecision.
2 Multi-Timeframe Data Retrieval:
-Using the request.security() function, the script fetches open, high, low, and close prices from the specified higher timeframe. It applies Doji detection logic to this higher timeframe data.
-barmerge.lookahead_on and barmerge.gaps_on ensure real-time updates, so the Doji level is immediately reflected on the chart when detected.
3 Ray and Label Plotting:
-When a Doji candle is detected on the selected timeframe, the script plots a ray at the Doji's close price, extending forward on the chart.
-Customizable options for the ray, including color, width, and style (solid, dotted, or dashed), help traders visually differentiate the Doji levels from other chart elements.
-An editable label can be positioned alongside the ray to denote the Doji level, with customizable text, color, background, and size to provide additional context.
4 Automatic Line and Label Management:
-The script dynamically deletes any previous ray and label when a new Doji is detected. This approach minimizes chart clutter and ensures that only the most recent Doji level from the higher timeframe is displayed.
Customization Options
1 Timeframe Selection:
Users can choose any timeframe (e.g., hourly, daily, weekly, monthly) to display Doji levels based on their specific trading strategy.
2 Ray and Label Appearance:
Ray: Customize color, width, and line style (solid, dotted, dashed) for better visibility and integration with the chart’s theme.
Label: Customize the label text, background color, text color, text size, and position (above, below, left, or right of the ray) for a personalized view.
How to Use This Script
1 Select the Target Timeframe for Doji Detection: Choose a high timeframe (such as daily or weekly) to view Doji-based support/resistance levels.
2 Set Custom Ray and Label Parameters : Adjust the visual aspects of the ray and label to align with your chart setup and make the Doji level stand out.
3 Interpretation of Doji Levels: Use the plotted Doji levels as potential support or resistance zones. Since Doji candles reflect market indecision, they often precede significant price reversals or strong continuation moves. By analyzing these levels, traders can:
- Identify key support/resistance zones based on historical market indecision.
- Set entry and exit levels around these zones to capitalize on potential reversals or
continuations.
-Spot confluence areas where the Doji level aligns with other indicators or technical patterns.
Recommended Chart Setup
For optimal clarity, use this script on a clean chart, free from overlapping indicators. This script is designed to work independently, so avoid layering multiple support/resistance scripts unless essential to avoid clutter. A clean chart helps ensure that Doji levels are readily visible, enabling a clear focus on significant levels relevant to your trading strategy.
Sentient FLDOverview of the FLD
The Future Line of Demarcation (FLD) was first proposed by JM Hurst in the 1970s as a cycle analysis tool. It is a smoothed median price plotted on a time-based chart, and displaced into the future (to the right on the chart). The amount of displacement is determined by performing a cycle analysis, the line then plotted to extend beyond the right hand edge of the chart by half a cycle wavelength.
Interactions between price and the FLD
As price action unfolds, price interacts with the FLD line, either by crossing over the line, or by finding support or resistance at the line.
Targets
When price crosses an FLD a target for the price move is generated. The target consists of a price level and also expected time.
When price reaches that target it is an indication that the cycle influencing price to move up or down has completed that action and is about to turn around.
If price fails to reach a target by the expected time, it indicates bullish or bearish pressure from longer cycles, and a change in mood of the market.
Sequence of interactions
Price interacts with the FLD in a regular sequence of 8 interactions which are labelled using the letters A - H, in alphabetical order. This sequence of interactions occurs between price and a cycle called the Signal cycle. The full sequence plays out over a single wave of a longer cycle, called the Sequence cycle. The interactions are:
A category interaction is where price crosses above the FLD as it rises out of a trough of the Sequence cycle.
B & C category interactions often occur together as a pair, where price comes back to the FLD line and finds support at the level of the FLD as the first trough of the Signal cycle forms.
D category interaction is where price crosses below the FLD as it falls towards the second trough of the Signal cycle.
E category interaction is where price crosses above the FLD again as it rises out of the second trough of the Signal cycle.
F category interaction is where price crosses below the FLD as it falls towards the next trough of the Sequence cycle.
G & H category interactions often occur together as a pair, where price comes back to the FLD line and finds resistance at the level of the FLD before a final move down into the next Sequence cycle trough.
Trading Opportunities
This sequence of interactions provides the trader with trading opportunities:
A and E category interactions involve price crossing over the FLD line, for a long trading opportunity.
D and F category interactions involve price crossing below the FLD line, for a short trading opportunity.
B and C category interactions occur where price finds support at the FLD, another long trading opportunity.
G and H category interactions occur where price finds resistance at the FLD, another short trading opportunity.
3 FLD Lines Plotted
The Sentient FLD indicator plots three FLD lines, for three primary cycles on your time-based charts:
The Signal cycle (pink color, can be changed in the settings), which is used to generate trading signals on the basis of the sequence of interactions between price and the FLD
The Mid cycle (orange color, can be changed in the settings), which is used for confirmation of the signals from the signal cycle FLD.
The Sequence cycle (green color, can be changed in the settings) which is the cycle over which the entire A - H sequence of interactions plays out.
Cycle Analysis
In addition to plotting the three FLD lines, the Sentient FLD indicator performs a cycle phasing analysis and identifies the positions of the troughs of five cycles on your chart (The Signal, Mid & Sequence cycles and two longer cycles for determining the underlying trend).
The results of this analysis are plotted by using diamond symbols to mark the timing of past troughs of the cycles, and circles to mark the timing of the next expected troughs, with lines extending to each side to represent the range of time in which the trough is expected to form. These are called circles-and-whiskers. The diamonds are stacked vertically because the troughs are synchronized in time. The circles-and-whiskers therefore are also stacked, creating a nest-of-lows which is a high probability period for a trough to form.
Identifying the Interactions
The Sentient FLD also identifies the interactions between price and each one of the three FLDs plotted on your chart, and those interactions are labelled so that you can keep track of the unfolding A - H sequence.
Next Expected Interaction
Because the Sentient FLD is able to identify the sequence of interactions, it is also able to identify the next expected interaction between price and the FLD. This enables you to anticipate levels of support or resistance, or acceleration levels where price is expected to cross through the FLD.
Cycle Table
A cycle table is displayed on the chart (position can be changed in settings). The cycle table comprises 6 columns:
The Cycle Name (CYCLE): the name of the cycle which is its nominal wavelength in words.
The Nominal Wavelength (NM): The nominal wavelength of the cycle measured in bars.
The Current Wavelength (CR): The current recent wavelength of the cycle measured in bars.
The Variation (VAR): The variation between the nominal wavelength and current wavelength as a percentage (%).
The relevant Sequence Cycle (SEQ): The cycle over which the sequence of interactions with this FLD plays out.
The Mode (MODE): Whether the cycle is currently Bearish, Neutral or Bullish.
Benefits of using the Sentient FLD
The cycle analysis shown with diamonds and circles marking the troughs, and next expected troughs of the cycles enable you to anticipate the timing of market turns (troughs and peaks in the price), because of the fact that cycles, by definition, repeat with some regularity.
The results of the cycle analysis are also displayed on your chart in a table, and enable you to understand at a glance what the current mode of each cycle is, whether bullish, bearish or neutral.
The identification of the sequence of interactions between price and the FLD enables you to anticipate the next interaction, and thereby expect either a price cross of the FLD or dynamic levels of support and resistance at the levels of the FLD lines, only visible to the FLD trader.
When the next expected interaction between price and the FLD is an acceleration point (price is expected to cross over the FLD), that level can be used as a signal for entry into a trade.
Similarly when the next expected interaction between price and the FLD is either support or resistance, that level can be used as a signal for entry into a trade when price reacts as expected, finding support or resistance.
The targets that are generated as a result of price crossing the FLD represent cycle exhaustion levels and times, and can be used as take profit exits, or as levels after which stops should be tightened.
The indicator optionally also calculates targets for longer timeframes, and displays them on your chart providing useful context for the influence of longer cycles without needing to change timeframe.
Example
In this image you can see an example of the different aspects of the indicator working on a 5 minute chart (details below):
This is what the indicator shows:
The 3 FLD lines are for the 100 minute (pink), 3 hour (orange) and 6 hour (green) cycles (refer to the cycle table for the cycle names).
Previous targets can be seen, shown as pointed labels, with the same colors.
The cycle table at the bottom left of the chart is colour coded, and indicates that the cycles are all currently running a bit long, by about 14%.
Note also the grey-colored 6 hour target generated by the 15 x minute timeframe at 12:20. When targets are close together their accuracy is enhanced.
At the foot of the chart we can see a collection of circles-and-whiskers in a nest-of-lows, indicating that a 12 hour cycle trough has been due to form in the past hour.
The past interactions between price and the signal cycle are labelled and we can see the sequence of E (with some +E post-interaction taps), F and then G-H.
The next interaction between price and the signal is the A category interaction - a long trading opportunity as price bounces out of the 12 hour cycle trough.
Notice the green upward pointing triangles on the FLD lines, indicating that they are expected to provide acceleration points, where price will cross over the FLD and move towards a target above the FLD.
The cycle table shows that the cycles of 6 hours and longer are all expected to be bullish (with the 12 hour cycle neutral to bullish).
On the basis that we are expecting a 12 hour trough to form, and the 6 hour cycle targets have been reached, and the next interaction with the signal cycle is an A category acceleration point, we can plan to enter into a long trade.
Two hours later
This screenshot shows the situation almost 2 hours later:
Notes:
The expected 12 hour cycle trough has been confirmed in the cycle analysis, and now displayed as a stack of diamonds at 12:25
Price did cross over the signal cycle FLD (the 100 minute cycle, pink FLD line) as expected. That price cross is labelled as an A category interaction at 13:00.
A 100 minute target was generated. That target was almost, but not quite reached in terms of price, indicating that the move out of the 12 hour cycle trough is not quite as bullish as would be expected (remember the 12 hour cycle is expected to be neutral-bullish). The time element of the target proved accurate however with a peak forming at the expected time. Stops could have been tightened at that time.
Notice that price then came back to the signal FLD (100 minute) line at the time that the next 100 minute cycle trough was expected (see the pink circle-and-whiskers between 13:40 and 14:25, with the circle at 14:05.
Price found support (as was expected) when it touched the signal FLD at 13:55 and 14:00, and that interaction has been labelled as a B-C category interaction pair.
We also have a 3 hour target above us at about 6,005. That could be a good target for the move.
Another 2 hours later
This screenshot shows the situation another 2 hours later:
Notes:
We can see that the 100 minute cycle trough has been confirmed at 13:45
The nest-of-lows marking the time the 3 hour cycle trough was expected is between 15:00 and 15:45, with a probable trough in price at 15:00
The sequence of interactions is labelled: A at 13:00; B-C at 14:00; another B-C (double B-C interactions are common) at 14:30; E at 15:10; +E (a post E tap) at 16:20
Price has just reached a cluster of targets at 6005 - 6006. The 3 hour target we noted before, as well as a 6 hour target and a 12 hour target from the 15 x minute timeframe.
Notice how after those targets were achieved, price has exhausted its upward move, and has turned down.
The next expected interaction with the signal cycle FLD is an F category interaction. The downward pointing red triangles on the line indicate that the interaction is expected to be a price cross down, as price moves down into the next 6 hour cycle trough.
Other Details
The Sentient FLD indicator works on all time-based charts from 10 seconds up to monthly.
The indicator works on all actively traded instruments, including forex, stocks, indices, commodities, metals and crypto.
Machine Learning RSI [BackQuant]Machine Learning RSI
The Machine Learning RSI is a cutting-edge trading indicator that combines the power of Relative Strength Index (RSI) with Machine Learning (ML) clustering techniques to dynamically determine overbought and oversold thresholds. This advanced indicator adapts to market conditions in real-time, offering traders a robust tool for identifying optimal entry and exit points with increased precision.
Core Concept: Relative Strength Index (RSI)
The RSI is a well-known momentum oscillator that measures the speed and change of price movements, oscillating between 0 and 100. Typically, RSI values above 70 are considered overbought, and values below 30 are considered oversold. However, static thresholds may not be effective in all market conditions.
This script enhances the RSI by integrating a dynamic thresholding system powered by Machine Learning clustering, allowing it to adapt thresholds based on historical RSI behavior and market context.
Machine Learning Clustering for Dynamic Thresholds
The Machine Learning (ML) component uses clustering to calculate dynamic thresholds for overbought and oversold levels. Instead of relying on fixed RSI levels, this indicator clusters historical RSI values into three groups using a percentile-based initialization and iterative optimization:
Cluster 1: Represents lower RSI values (typically associated with oversold conditions).
Cluster 2: Represents mid-range RSI values.
Cluster 3: Represents higher RSI values (typically associated with overbought conditions).
Dynamic thresholds are determined as follows:
Long Threshold: The upper centroid value of Cluster 3.
Short Threshold: The lower centroid value of Cluster 1.
This approach ensures that the indicator adapts to the current market regime, providing more accurate signals in volatile or trending conditions.
Smoothing Options for RSI
To further enhance the effectiveness of the RSI, this script allows traders to apply various smoothing methods to the RSI calculation, including:
Simple Moving Average (SMA)
Exponential Moving Average (EMA)
Weighted Moving Average (WMA)
Hull Moving Average (HMA)
Linear Regression (LINREG)
Double Exponential Moving Average (DEMA)
Triple Exponential Moving Average (TEMA)
Adaptive Linear Moving Average (ALMA)
T3 Moving Average
Traders can select their preferred smoothing method and adjust the smoothing period to suit their trading style and market conditions. The option to smooth the RSI reduces noise and makes the indicator more reliable for detecting trends and reversals.
Long and Short Signals
The indicator generates long and short signals based on the relationship between the RSI value and the dynamic thresholds:
Long Signals: Triggered when the RSI crosses above the long threshold, signaling bullish momentum.
Short Signals: Triggered when the RSI falls below the short threshold, signaling bearish momentum.
These signals are dynamically adjusted to reflect real-time market conditions, making them more robust than static RSI signals.
Visualization and Clustering Insights
The Machine Learning RSI provides an intuitive and visually rich interface, including:
RSI Line: Plotted in real-time, color-coded based on its position relative to the dynamic thresholds (green for long, red for short, gray for neutral).
Dynamic Threshold Lines: The script plots the long and short thresholds calculated by the ML clustering process, providing a clear visual reference for overbought and oversold levels.
Cluster Plots: Each RSI cluster is displayed with distinct colors (green, orange, and red) to give traders insights into how RSI values are grouped and how the dynamic thresholds are derived.
Customization Options
The Machine Learning RSI is highly customizable, allowing traders to tailor the indicator to their preferences:
RSI Settings : Adjust the RSI length, source price, and smoothing method to match your trading strategy.
Threshold Settings : Define the range and step size for clustering thresholds, allowing you to fine-tune the clustering process.
Optimization Settings : Control the performance memory, maximum clustering steps, and maximum data points for ML calculations to ensure optimal performance.
UI Settings : Customize the appearance of the RSI plot, dynamic thresholds, and cluster plots. Traders can also enable or disable candle coloring based on trend direction.
Alerts and Automation
To assist traders in staying on top of market movements, the script includes alert conditions for key events:
Long Signal: When the RSI crosses above the long threshold.
Short Signal: When the RSI crosses below the short threshold.
These alerts can be configured to notify traders in real-time, enabling timely decisions without constant chart monitoring.
Trading Applications
The Machine Learning RSI is versatile and can be applied to various trading strategies, including:
Trend Following: By dynamically adjusting thresholds, this indicator is effective in identifying and following trends in real-time.
Reversal Trading: The ML clustering process helps identify extreme RSI levels, offering reliable signals for reversals.
Range-Bound Trading: The dynamic thresholds adapt to market conditions, making the indicator suitable for trading in sideways markets where static thresholds often fail.
Final Thoughts
The Machine Learning RSI represents a significant advancement in RSI-based trading indicators. By integrating Machine Learning clustering techniques, this script overcomes the limitations of static thresholds, providing dynamic, adaptive signals that respond to market conditions in real-time. With its robust visualization, customizable settings, and alert capabilities, this indicator is a powerful tool for traders seeking to enhance their momentum analysis and improve decision-making.
As always, thorough backtesting and integration into a broader trading strategy are recommended to maximize the effectiveness!
Support and Resistance MTF [Cometreon]Support and Resistance is an advanced indicator that automatically plots key support and resistance levels on any symbol and timeframe, including higher ones. This innovative tool employs sophisticated algorithms to continuously analyze market data, identifying and drawing levels on the chart in real-time. By offering traders an immediate and clear view of critical market areas, Support and Resistance optimizes the decision-making process and eliminates time spent on manual analysis.
Key Features:
Automatic Level Identification: The indicator automatically plots all support and resistance levels, providing a clear map of key points on the chart.
Historical Visualization: Shows historical support and resistance levels, providing a comprehensive view of the market over time.
Dynamic Trend Creation: Automatically identifies and updates trends based on levels, simplifying the understanding of market directions.
Automatic Fibonacci: Generates Fibonacci levels based on the last two support and resistance levels, offering additional reference points for potential price retracements or extensions.
Customizable Alerts: Offers a series of configurable alerts to keep you informed about breakouts, new confirmed levels, and price bounces on active levels.
Technical Details and Customizable Inputs:
Support and Resistance offers a range of customizable settings that allow adapting the indicator to specific needs:
Line Types: Select the type of lines to display: active, broken, both, or none.
Left Length: Determines the number of candles to calculate the previous high or low point.
Right Length: Defines the number of candles needed to confirm a level as Support or Resistance.
Timeframe: You can modify the timeframe of supports and resistances to view levels of a higher timeframe. It's also possible to add additional support and resistance levels using a second timeframe.
Breakout Source: Change the source needed to break support and resistance levels between Close or High/Low.
Delete at Timeframe: Allows removing levels based on the current chart resource instead of using that of the higher timeframe.
Session Range: Choose a period of distance from the last candle to define how far back in the past the indicator should look for Supports or Resistances.
Style Valid Level: Customize the appearance of active levels, including the color of the level itself, Liquidity fill, text color, line style and thickness, extension, as well as the size, position, and values to display in the level text.
Liquidity: This option displays the liquidity associated with each support and resistance level, with three modes: "Wick" which goes from the high/low to the upper/lower body, "Body" instead goes from the level to the lower/upper body of the candle and "Full Range" which extends from the high to the low of the candle.
Style Break Level: Allows modifying color, style, and thickness of lines, as well as text width, for two types of breakouts: "MSS" and "BOS" .
"MSS" stands for "Market Structure Switch" and indicates a level breakout opposite to the previous breakout, signaling a trend reversal.
"BOS" , on the other hand, means "Break of Structure" and occurs when a level is broken in the same direction as the previous one, confirming trend continuation.
Fibonacci Trend Line : Add up to 8 Fibonacci levels based on the last two identified support and resistance levels. Customize the different levels by modifying colors, thickness, style, and extension of lines. You also have the option to add a transparent background between each level.
Use Only Confirmed Levels: Activate this option if you want the system to use only the last two confirmed levels, excluding potential levels not yet confirmed.
Reverse: Used to reverse the direction of Fibonacci lines.
Use Higher / Lower: This option allows using the currently active maximum and minimum levels of Support and Resistance. The indicator will update each Support level until it encounters another active Resistance, and vice versa.
Trend Style: Activate/deactivate two types of indicator Trends: "Bar Color" based on level breakouts and "Background Color" based on the last active unconfirmed level.
Signal Style: Activate or deactivate the various breakout and bounce signals. Bounces present three options:
- Total Rejection: occurs when the price exceeds the high or low and closes below the liquidity level.
- Internal Rejection: the price closes in the liquidity zone.
- Liquidity Rejection: the price does not exceed the high or low, but only the liquidity level, closing below it.
Customized Alerts: Set alerts to be notified in case of breakouts, bounces, or formation of new levels.
These options allow you to optimize the indicator for different trading styles and market conditions, ensuring accurate and tailored technical analysis.
How to Use Support and Resistance:
Using Critical Levels: Consider all levels on the chart as "magnetic points" for the price. These represent critical areas where the market tends to react.
Signal Interpretation: Use the indicator's signals to interpret market movements. A level breakout can indicate a trend reversal or continuation. Bounces can suggest the holding of a level or signal a possible breakout.
Strategy Integration: Leverage the trend of support and resistance levels, breakouts, and bounces as key elements to develop and refine your trading strategies.
Call To Action:
Support and Resistance simplifies your market analysis, saving you time and improving the accuracy of your decisions. Thanks to clearly visualized and customizable levels, you'll have a clearer and more immediate view of market dynamics.
Don't wait any longer: discover how Support and Resistance can enhance your market analysis, offering you clear indications for faster and more precise trading decisions.
TrendLines MTF [Cometreon]Trendline is an advanced indicator designed to automatically plot all trendlines on the chart and signal when they are broken, adapting to any symbol and timeframe, including larger ones. This innovative tool uses advanced algorithms to continuously analyze market data, automatically identifying and drawing trendlines on the chart. Trendline offers traders an immediate and clear visualization of market dynamics, saving time in manual analysis and optimizing trading decisions.
Key Features:
Automatic Plotting: The indicator automatically draws and updates trendlines, providing a real-time overview of market trends.
Breakout and Bounce Signaling: Provides immediate notifications when a trendline is broken or the price bounces off it, allowing traders to react promptly to market changes.
Customization: Offers the ability to modify length, touches, colors, and line style to suit individual preferences.
Information Table: Includes a detailed table showing the values of all active trendlines, facilitating the monitoring of key market points.
Configurable Alerts: Allows setting custom alerts for breakouts, bounces, or creation of new trendlines.
Technical Details and Customizable Inputs:
Trendline offers a range of customizable inputs that allow adapting the indicator to specific needs:
Trendline Type: Select between active trendlines, broken ones, both, or none.
Left and Right Length: Defines the extension of maximum and minimum points to identify Trendlines.
Timeframe: You can also modify the timeframe of Trendlines to display a higher timeframe.
Confirm at Timeframe: Allows you to confirm the Trendlines using the chart's timeframe instead of the selected one. This checks whether a candle has already broken the line previously.
Delete at Timeframe: input to remove trendlines based on breakouts with chart candles, instead of using candles of a higher timeframe.
Touch Need: Sets the number of touches needed to confirm a Trendline.
Max Trend Line for Level: Limits the maximum number of Trendlines in a single level.
Extended Line After Break: Option to extend broken Trendlines by a specific value.
Session Range: The "Session Range" offers two options: select a specific date or a period relative to the last candle. The input allows choosing between "Choose" and "Pick Up".
With "Choose", you select a relative period, with two modes:
- Last: shows the trendlines of the selected period, compatible with Replay.
- Real Time: displays all TrendLines, searching from the last selected period.
Example: "1 Month" with "Last" shows the TrendLines from the previous month, while "Real Time" searches without time limits but uses the values from the last month. This allows defining the search depth of the indicator, crucial for computing power. In case of issues, use "Auto".
Trendlines Style: Modify the style for each type of Trendlines (Valid, Break) including color, style, and line thickness.
Trends Trendlines: Enable/disable two different trends:
- Trend Bar Color: based on TrendLines breakouts. Breaking a bearish TrendLine results in a bullish trend, vice versa for breaking a bullish TrendLine.
- Trend Background: based on the number of active TrendLines. For example, if the number of bullish TrendLines is greater than the "Strength", the trend will be bullish.
Signal Style: You can enable or disable breakout and bounce signals, with customizable colors for each signal type.
Alert: Set notifications for breakouts, bounces, or formation of new Trendlines.
Table: Customize the table showing the values of all active trendlines, facilitating the monitoring of key market points. You can modify the appearance of the table, changing the color of cells and text.
These options allow you to optimize the indicator for different trading styles and market conditions, ensuring precise and personalized technical analysis.
How to Use Trendlines:
Market Analysis: Use the displayed Trendlines as critical indicators of market dynamics to make informed trading decisions.
Signal Interpretation: Leverage Trendline breakouts and bounces to identify potential trend changes and trading opportunities.
Strategy Integration: Use Trendlines and generated signals as a basis for creating personalized and innovative trading strategies.
With Trendlines, you can simplify your market analysis, saving time and improving the accuracy of your decisions with clearly visualized and customizable Trendlines.
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