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Simple Enhanced MMAThe Enhanced MMA (Multi-Moving Average) Ribbon System This is a comprehensive trend-following indicator that displays 28 moving averages simultaneously, creating a "ribbon" effect that reveals market structure at a glance. Think of it as a heat map of price momentum across multiple timeframes. Key Components: 1. The Ribbon Structure: Fast MAs (2-18): React quickly to price changes - for scalping and short-term momentum Medium MAs (20-50): Core trend indicators - the "backbone" of the trend Slow MAs (55-100): Long-term trend and major support/resistance levels 2. Visual Intelligence: Green lines: MA is rising (bullish momentum) Red lines: MA is falling (bearish momentum) Yellow lines: Key levels at MA20 and MA50 (institutional favorites) Cloud shading: Shows the relationship between MA20/50 - green cloud = bull market, red = bear market How to Read It: Ribbon Expansion/Compression: When MAs spread apart → Strong trending market When MAs compress together → Consolidation, potential breakout coming When all MAs align in order → Powerful trend in progress Trading Signals: BUY signal: MA20 crosses above MA50 (Golden Cross) SELL signal: MA20 crosses below MA50 (Death Cross) Trend label: Shows overall market bias Best Use Cases: Trend confirmation - When all MAs are green and spreading = strong uptrend Support/Resistance - MAs act as dynamic support in uptrends, resistance in downtrends Entry timing - Wait for price to pull back to the ribbon in a trend Trend exhaustion - When fast MAs start changing color while slow ones haven't = potential reversal The Power of This Indicator: It's like having 28 trend advisors all voting on market direction. When they all agree (all green or all red), you have high conviction. When they're mixed, the market is in transition. The ribbon literally shows you the "flow" of the market - you can see momentum ripple through the timeframes like a wave. Pro tip: The most powerful moves happen when the ribbon goes from completely compressed (all MAs bunched together) to rapidly expanding in one direction - that's when big trends are born!
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AlgoNavigator tarafından
AlphaTrend Strategy-Dexter📌 AlphaTrend Strategy – Brief Description The AlphaTrend Strategy uses ATR with RSI/MFI filters to build a dynamic trend line. Buy when AlphaTrend crosses above its past value (trend up). Sell when AlphaTrend crosses below its past value (trend down). Works as a trend-following system, but can whipsaw in sideways markets. 📊 Backtest Summary (Nifty 50, 10-min TF) Period: Aug 19, 2024 – Sep 11, 2025 Metric Value Total P&L ₹5,595.65 (+0.56%) Total Trades 230 Win Rate 42.61% Profit Factor 1.40 Max Equity Drawdown ₹1,704.15 (0.17%) Sharpe Ratio -1.80 ❌ Sortino Ratio -0.87 ❌ ⚠️ Observations & Risks Profit Factor > 1 → profitable but thin edge. Negative Sharpe & Sortino → risk-adjusted performance is poor (high volatility, low consistency). Low Win Rate (42%) → depends heavily on a few big winners. No Stop Loss / Take Profit → exposes account to streaks of losses. Works better in trending markets, fails in choppy/sideways conditions. ✅ Caution: The system makes money on paper, but the risk profile is weak. Use strict money management and additional filters (higher timeframe trend or volume confirmation) before considering it live.
Pine Script® stratejisi
theprimedexter tarafından
MACD Fading Bullish MomentumMACD fading bullish momentum (early alert). I have designed this indicator as an early alert system for fading bullish momentum. The indicator will fire on the second consecutive histogram bar with decreasing bullish momentum (light green bars). My thought process is that it should provide traders with an earlier alert than a typical (MACD line crossing below Signal line) alert available on Trading View. However, this is not a sell indicator! It's an early alert system. My trading technique is heavily based on where the 9/20/50/100/200 EMAs are compared to one another, on the hourly timeframe and the daily timeframe. I plan to use this indicator alongside technical analysis to give me a better idea if i should exit my long swing trades. Cheers. James
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JamesJohnAndo tarafından
Liquidation/Doji CandlesLiquidation/Doji Candles This indicator highlights candles with a body length smaller than 30% of the candle’s total range. These candles are displayed in orange, representing potential liquidation points or doji candles. The idea behind this tool is to help traders spot moments of market indecision, where buying and selling pressure are in balance. Such conditions often hint at institutional liquidation events or possible retail-driven reversals. You can fully customize the detection sensitivity by adjusting the percentage input. This allows you to tighten or loosen the condition depending on your trading style and market preference. To support passive traders, the script also includes built-in alerts for: • The formation of a new liquidation/doji candle. • A close above its high (bullish engulfment). • A close below its low (bearish engulfment). These alerts make it easier to stay on top of potential market shifts without needing to constantly monitor the charts.
Pine Script® göstergesi
The_Forex_Steward tarafından
CakeProfits-SMA+EMA GThis indicator plots a dynamic color coded MA ribbon that visually highlights the relationship between a Simple Moving Average (SMA) and an Exponential Moving Average (EMA). The ribbon changes color based on bullish or bearish crossovers: Bullish – EMA crosses above the SMA, indicating upward momentum. Bearish – EMA crosses below the SMA, signaling potential downward pressure. The SMA smooths out long-term price trends, while the EMA responds faster to recent price action. Together, they help traders identify shifts in market direction and momentum strength. The ribbon provides a clear, at-a-glance view of trend changes and can be used on any timeframe or market. There is also the option to display a 200 SMA that is also color coded. Common Uses: Confirming trend direction. Identifying early entry/exit points. Filtering trades for trend-following strategies.
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CakeProfits tarafından
nATR*ATR Multiplication Indicator - Optimal Selection Tool forThis indicator is specifically designed as an analysis tool for investors using grid bot strategies. It displays both nATR (Normalized Average True Range) and ATR (Average True Range) values on a single chart screen, calculating the multiplication of these two critical volatility measurements. Primary Purpose of the Indicator: To facilitate the selection of the most optimal stock and time period for grid bot trading. The nATR*ATR multiplication provides a hybrid measurement that combines both percentage-based return potential (nATR) and absolute volatility magnitude (ATR). Importance for Grid Bot Strategy: High nATR: Greater percentage-based return potential High ATR: Wider price range = Fewer grid levels = More budget allocation per grid Formula: Price Range/ATR = Theoretical Grid Count Usage Advantages: Test different time periods to find the highest multiplication value Make optimal stock and time frame selections for grid bot setup Monitor both nATR and ATR values on a single screen High multiplication values indicate ideal conditions for grid bots Technical Features: Adjustable calculation period (1-500 candles) Visual alert system (high/low multiplication values) Real-time value tracking table SMA-based smoothed calculations This serves as a reliable guide for grid bot investors in optimal timing and stock selection.
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ExperiMentalist tarafından
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BASE - Consolidation with Fractal BreakoutsHow It Works This indicator analyzes historical price data to find periods where the market is trading within a relatively tight range, which is a key characteristic of consolidation. Once a consolidation period is identified, it draws a channel showing the upper and lower price boundaries. The indicator then looks for a breakout, which is a significant price movement beyond these boundaries. Fractal Breakouts: The script uses a fractal-based approach to confirm breakouts. A fractal is a specific price pattern that marks a high or low point in the market. The code identifies a breakout when the price breaks above a previous fractal high (an upward breakout) or below a previous fractal low (a downward breakout). Visual Elements: The indicator provides several visual cues to help traders: Consolidation Zone: It shades the area between the high and low of the consolidation period to make it visually distinct. Boundary Lines: It draws dashed lines marking the high and low prices of the consolidation range. Middle Line: An optional line is displayed at the 50% mark of the consolidation range. Breakout Symbols: It places up (⬆) or down (⬇) arrow symbols on the chart to indicate the direction of a confirmed breakout. Candle Colors: It can optionally color the price candles themselves to signal a breakout. Alerts: The script is configured to trigger an alert when a breakout occurs, notifying the user. Customization The script offers several user-configurable settings to tailor its behavior, which are accessed through the indicator's settings menu: Loopback Period: Controls the number of past bars the indicator looks at to identify price fractals. Min Consolidation Length: Sets the minimum number of bars required to define a valid consolidation period. Paint Consolidation Area: A toggle to show or hide the shaded consolidation zone. Show Fractal Breakout Symbols: A toggle to show or hide the breakout symbols. Show Middle Price Line: A toggle to show or hide the middle price line. Color Candles on Breakout: A toggle to enable or disable coloring the candles during a breakout. This tool is useful for traders who employ breakout strategies, as it automates the process of identifying potential entry and exit points after a period of market indecision.
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titakunna_tk tarafından
ATR Future Movement Range Projection The "ATR Future Movement Range Projection" is a custom TradingView Pine Script indicator designed to forecast potential price ranges for a stock (or any asset) over short-term (1-month) and medium-term (3-month) horizons. It leverages the Average True Range (ATR) as a measure of volatility to estimate how far the price might move, while incorporating recent momentum bias based on the proportion of bullish (green) vs. bearish (red) candles. This creates asymmetric projections: in bullish periods, the upside range is larger than the downside, and vice versa. The indicator is overlaid on the chart, plotting horizontal lines for the projected high and low prices for both timeframes. Additionally, it displays a small table in the top-right corner summarizing the projected prices and the percentage change required from the current close to reach them. This makes it useful for traders assessing potential targets, risk-reward ratios, or option strategies, as it combines volatility forecasting with directional sentiment. Key features: - **Volatility Basis**: Uses weekly ATR to derive a stable daily volatility estimate, avoiding noise from shorter timeframes. - **Momentum Adjustment**: Analyzes recent candle colors to tilt projections toward the prevailing trend (e.g., more upside if more green candles). - **Time Horizons**: Fixed at 1 month (21 trading days) and 3 months (63 trading days), assuming ~21 trading days per month (excluding weekends/holidays). - **User Adjustable**: The ATR length/lookback (default 50) can be tweaked via inputs. - **Visuals**: Green/lime lines for highs, red/orange for lows; a semi-transparent table for quick reference. - **Limitations**: This is a probabilistic projection based on historical volatility and momentum—it doesn't predict direction with certainty and assumes volatility persists. It ignores external factors like news, earnings, or market regimes. Best used on daily charts for stocks/ETFs. The indicator doesn't generate buy/sell signals but helps visualize "expected" ranges, similar to how implied volatility informs option pricing. ### How It Works Step-by-Step The script executes on each bar update (typically daily timeframe) and follows this logic: 1. **Input Configuration**: - ATR Length (Lookback): Default 50 bars. This controls both the ATR calculation period and the candle count window. You can adjust it in the indicator settings. 2. **Calculate Weekly ATR**: - Fetches the ATR from the weekly timeframe using `request.security` with a length of 50 weeks. - ATR measures average price range (high-low, adjusted for gaps), representing volatility. 3. **Derive Daily ATR**: - Divides the weekly ATR by 5 (approximating 5 trading days per week) to get an equivalent daily volatility estimate. - Example: If weekly ATR is $5, daily ATR ≈ $1. 4. **Define Projection Periods**: - 1 Month: 21 trading days. - 3 Months: 63 trading days (21 × 3). - These are hardcoded but based on standard trading calendar assumptions. 5. **Compute Base Projections**: - Base projection = Daily ATR × Days in period. - This gives the total expected movement (range) without direction: e.g., for 3 months, $1 daily ATR × 63 = $63 total range. 6. **Analyze Candle Momentum (Win Rate)**: - Counts green candles (close > open) and red candles (close < open) over the last 50 bars (ignores dojis where close == open). - Total colored candles = green + red. - Win rate = green / total colored (as a fraction, e.g., 0.7 for 70%). Defaults to 0.5 if no colored candles. - This acts as a simple momentum proxy: higher win rate implies bullish bias. 7. **Adjust Projections Asymmetrically**: - Upside projection = Base projection × Win rate. - Downside projection = Base projection × (1 - Win rate). - This skews the range: e.g., 70% win rate means 70% of the total range allocated to upside, 30% to downside. 8. **Calculate Projected Prices**: - High = Current close + Upside projection. - Low = Current close - Downside projection. - Done separately for 1M and 3M. 9. **Plot Lines**: - 3M High: Solid green line. - 3M Low: Solid red line. - 1M High: Dashed lime line. - 1M Low: Dashed orange line. - Lines extend horizontally from the current bar onward. 10. **Display Table**: - A 3-column table (Projection, Price, % Change) in the top-right. - Rows for 1M High/Low and 3M High/Low, color-coded. - % Change = ((Projected price - Close) / Close) × 100. - Updates dynamically with new data. The entire process repeats on each new bar, so projections evolve as volatility and momentum change. ### Examples Here are two hypothetical examples using the indicator on a daily chart. Assume it's applied to a stock like AAPL, but with made-up data for illustration. (In TradingView, you'd add the script to see real outputs.) #### Example 1: Bullish Scenario (High Win Rate) - Current Close: $150. - Weekly ATR (50 periods): $10 → Daily ATR: $10 / 5 = $2. - Last 50 Candles: 35 green, 15 red → Total colored: 50 → Win Rate: 35/50 = 0.7 (70%). - Base Projections: - 1M: $2 × 21 = $42. - 3M: $2 × 63 = $126. - Adjusted Projections: - 1M Upside: $42 × 0.7 = $29.4 → High: $150 + $29.4 = $179.4 (+19.6%). - 1M Downside: $42 × 0.3 = $12.6 → Low: $150 - $12.6 = $137.4 (-8.4%). - 3M Upside: $126 × 0.7 = $88.2 → High: $150 + $88.2 = $238.2 (+58.8%). - 3M Downside: $126 × 0.3 = $37.8 → Low: $150 - $37.8 = $112.2 (-25.2%). - On the Chart: Green/lime lines skewed higher; table shows bullish % changes (e.g., +58.8% for 3M high). - Interpretation: Suggests stronger potential upside due to recent bullish momentum; useful for call options or long positions. #### Example 2: Bearish Scenario (Low Win Rate) - Current Close: $50. - Weekly ATR (50 periods): $3 → Daily ATR: $3 / 5 = $0.6. - Last 50 Candles: 20 green, 30 red → Total colored: 50 → Win Rate: 20/50 = 0.4 (40%). - Base Projections: - 1M: $0.6 × 21 = $12.6. - 3M: $0.6 × 63 = $37.8. - Adjusted Projections: - 1M Upside: $12.6 × 0.4 = $5.04 → High: $50 + $5.04 = $55.04 (+10.1%). - 1M Downside: $12.6 × 0.6 = $7.56 → Low: $50 - $7.56 = $42.44 (-15.1%). - 3M Upside: $37.8 × 0.4 = $15.12 → High: $50 + $15.12 = $65.12 (+30.2%). - 3M Downside: $37.8 × 0.6 = $22.68 → Low: $50 - $22.68 = $27.32 (-45.4%). - On the Chart: Red/orange lines skewed lower; table highlights larger downside % (e.g., -45.4% for 3M low). - Interpretation: Indicates bearish risk; might prompt protective puts or short strategies. #### Example 3: Neutral Scenario (Balanced Win Rate) - Current Close: $100. - Weekly ATR: $5 → Daily ATR: $1. - Last 50 Candles: 25 green, 25 red → Win Rate: 0.5 (50%). - Projections become symmetric: - 1M: Base $21 → Upside/Downside $10.5 each → High $110.5 (+10.5%), Low $89.5 (-10.5%). - 3M: Base $63 → Upside/Downside $31.5 each → High $131.5 (+31.5%), Low $68.5 (-31.5%). - Interpretation: Pure volatility-based range, no directional bias—ideal for straddle options or range trading. In real use, test on historical data: e.g., if past projections captured actual moves ~68% of the time (1 standard deviation for ATR), it validates the volatility assumption. Adjust the lookback for different assets (shorter for volatile cryptos, longer for stable blue-chips).
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bradleypbarber6 tarafından
Volume CandleVolume Candle (VolCandle) This indicator highlights candles with unusually high volume compared to a moving average volume baseline. It helps traders easily spot heavy trading activity that may signal strong buying or selling interest. Key Features: Colors candles differently based on volume and price action: High volume bullish candles shown in bright green. High volume bearish candles shown in red. Normal volume candles use muted silver/gray colors. Shows volume labels (in thousands) on high volume candles for quick reference. Highlights candle background on high volume bars for visual emphasis. Displays a statistical table summarizing current volume, volume moving average, threshold, volume ratio, and status. Configurable parameters for volume average period and volume threshold factor. Alerts for high volume bullish or bearish candles to catch key market moves. This tool is useful for volume-based trade confirmation, spotting breakouts, reversals, or strong momentum driven by increased market participation.
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zikzak-trader30 tarafından
Dual Relative Strength FlexibleDual Relative Strength Flexible (RS1 & RS2) This indicator calculates two Relative Strength (RS) values to compare a stock’s performance over two timeframes against different benchmarks. Key Features: RS1: Measures long-term relative strength of the stock versus a primary benchmark index (e.g., NIFTY). RS2: Measures short-term relative strength which can be customized by the user to compare the stock against a sectoral index, NIFTY 500, NIFTY Total Market, or any other preferred index. Zero Baseline: Displays neutral performance level for quick interpretation. Color-coded plots to highlight outperformance (green hues) or underperformance (red hues). Background shading: Green when both RS1 & RS2 are positive, red when both are negative. Info Table: Shows current RS1, RS2 values, benchmark names, and their difference in percentage terms.
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zikzak-trader30 tarafından
Triple Confirmation StrategyTriple Confirmation Strategy (TCS) This indicator combines three different technical tools to provide more reliable entry signals: RSI + Moving Average crossover → momentum confirmation MACD line & signal crossover → trend direction signal OBV + EMA crossover → volume-based confirmation A signal is valid only if all three conditions occur within a given number of bars (default: 5). Optionally, it can be set to trigger only when the third confirmation happens at the current bar. ✨ Features BUY / SELL markers on the chart Alertcondition support → alerts can be set instantly Grouped settings (RSI, MACD, OBV, Logic) Diagnostic overlay (WSCD-style): RSI, MACD, and OBV visualized on a normalized –100…100 scale for easier monitoring 🎯 Usage Suitable for both intraday and swing trading with default settings. Parameters are fully customizable (lookback periods, bar window, diagnostic overlay). Signals should not be used as a standalone trading system but are most effective when combined with broader context and other forms of analysis.
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BorondePali tarafından
Hilly 3.0 Advanced Crypto Scalping Strategy - 1 & 5 Min ChartsHow to Use Copy the Code: Copy the script above. Paste in TradingView: Open TradingView, go to the Pine Editor (bottom of the chart), paste the code, and click “Add to Chart.” Check for Errors: Verify no errors appear in the Pine Editor console. The script uses Pine Script v5 (@version=5). Select Timeframe: 1-Minute Chart: Use defaults (emaFastLen=7, emaSlowLen=14, rsiLen=10, rsiOverbought=80, rsiOversold=20, slPerc=0.5, tpPerc=1.0, useCandlePatterns=false, patternLookback=10). 5-Minute Chart: Adjust to emaFastLen=9, emaSlowLen=21, rsiLen=14, rsiOverbought=75, rsiOversold=25, slPerc=0.8, tpPerc=1.5, useCandlePatterns=true, patternLookback=10. Apply to Chart: Use a liquid crypto pair (e.g., BTC/USDT, ETH/USDT on Binance or Coinbase). Verify Signals: Green “BUY” or “EMA BUY” labels and triangle-up arrows below candles for bullish signals (EMA crossovers, bullish engulfing, hammer, doji, morning star, three white soldiers, double bottom). Red “SELL” or “EMA SELL” labels and triangle-down arrows above candles for bearish signals (EMA crossovers, bearish engulfing, shooting star, doji, evening star, three black crows, double top). Green/red background highlights for signal candles. Backtest: Use TradingView’s Strategy Tester to evaluate performance over 1–3 months, checking Net Profit, Win Rate, and Drawdown. Demo Test: Run on a demo account to confirm signal visibility and performance before trading with real funds.
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Hilly1976 tarafından
Futures Forward Price [NeoButane]In futures markets, the theoretical value of a futures contract can be derived from its underlying price and cost of carry. By baking in the costs and potential yields, the theoretical forward price then be used in basis against futures prices in place of the underlying spot price. Usage The script creates plots on the main chart and a separate window pane. Both are meant to be used to visualize dislocations in the market. By using a futures vs. forward basis instead of futures vs. spot basis, discounts in the market are clearer. Last month, the gold futures market GCZ2025 traded >1% above forward price when tariffs were announced and fell back in line once the tariffs were verbally retracted. View roll spreads over a back-adjusted continuous chart. I guess. I don't think spread traders only look at one chart. This is as educational for me as it is you. Configuration The underlying reference needs to be changed to match the futures contract you are using. The Risk-Free Rate defaults to FRED:SOFR. I found the contract month matched 3-Month SOFR Futures to be the closest for forward price. Risk-Free Rate: The interest rate source for forward price. Constant Risk-Free Rate: a static interest rate that can be used in advance of future changes in risk-free rate. Underlying Reference: spot or index price. Some examples include TVC:SPX, TVC:GOLD, CRYPTO:BTCUSD, TVC:USOIL. Forward Price Compounding: determines which formula to use. They're similar and become closer as the contract matures. Alternative Contract: enable and select a futures contract to use it on a chart different than the main. Storage Cost and Yield: for use with commodities. I haven't found a proper use for them yet but enabling is simple if you are able to. The following are meant to be used with the continuous formula as they are compounded. However the rate sources don't differ much for the purpose of futures prices. 3-Month CME SOFR Futures 3-Month ICEEUR SONIA Futures 3-Month Osaka TONA Futures The other rate sources are either meant for futures contracts shorter than quarterly such as monthly crypto futures or were meant to help myself understand how different rates would align with futures prices, like inflation. What this script does It uses the cost of carry formula to output the forward price (red line). The underlying reference (green line) is plotted alongside and a futures-derived reference (blue line) can be displayed to see how it looks next to the real reference price. The data pane displays either the nominal difference or percentage difference between the real futures price and the calculated forward price. Further reading www.investopedia.com www.cmegroup.com www.oxfordenergy.org www-2.rotman.utoronto.ca www.cmegroup.com 3-month rate futures www.cmegroup.com www.ice.com www.bankofengland.co.uk www.jpx.co.jp
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NeoButane tarafından
LSMAsThis indicator consists of three lines. The main line (LSMA-A) is the least squares moving average (LSMA). The second line (SMMA) is the smoothed moving average of the LSMA-A. When the SMMA crosses the LSMA-A below, it generates a BUY signal, while when it crosses the LSMA-A above, it is considered a SELL signal. Furthermore, an uptrend is considered if the SMMA line is below, or a downtrend if it is above. Along these trend lines, the third line, LSMA-B (another shorter-period least squares moving average) is used to identify peaks and bottoms. This allows for wave analysis. For optimization, adjusting the shorter period to market conditions is sufficient.
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oberez tarafından
S76 - Multi-Indicator ComboThis custom indicator combines five powerful technical analysis tools into a single script to help you identify strong buy signals during upward price movements. It’s designed for use in both spot trading and stock markets. 1. Momentum Calculated as the difference between the current price and the price from 14 periods ago. A positive value indicates upward momentum — the price is gaining strength. 2. Moving Average (MA) A 50-period Simple Moving Average (SMA). If the price is above the MA, it suggests an uptrend is in place. 3. RSI (Relative Strength Index) Measures whether the asset is overbought or oversold. A value below 70 means the asset is not yet overbought — leaving room for further growth. 4. MACD Based on the difference between two EMAs (12 and 26), plus a signal line (9-period EMA of MACD). If MACD is above the signal line, it confirms bullish momentum. 5. Bollinger Bands Shows volatility and potential breakout zones. If the price breaks above the upper band, it may signal a strong upward move. ✅ Buy Signal Logic The indicator plots a green marker below the candle when all of the following conditions are met: Momentum > 0 Price > MA RSI < 70 MACD > Signal Line Price > Upper Bollinger Band This combination suggests the price is rising with strength, in a confirmed trend, not yet overbought, and supported by volatility — a prime entry point. 📌 How to Use It On TradingView: Add the indicator to your chart and watch for green markers as potential buy signals. For spot and stock trading: Use it to time entries into assets like stocks, ETFs, or cryptocurrencies. Customization: You can adjust the lengths of MA, RSI, and other components to match your trading style.
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TSommi76 tarafından
Slingshot Trend 🎯⏰How to Use the Slingshot Trend Indicator 🎯⏰ (65-Minute Timeframe) The **Slingshot Trend Indicator** helps spot bullish trend entries using price action and EMAs, optimized for your favorite 65-minute timeframe. Here’s a simple guide: ⚙️ Setup - Add the indicator to your chart. - Set the 89 EMA timeframe to 65 minutes (or keep the default 195 minutes for higher-timeframe confirmation). 🔑 Key Features - **Slingshot EMA**: Short-term EMA (default length: 4) to detect breakouts. - **EMA Stack**: Confirms bullish trend when 21 EMA > 34 EMA > 55 EMA > 89 EMA. - **Price Above 89 EMA**: Ensures price is above the 65-minute 89 EMA. - **ATR Targets**: Uses 14-period ATR for dynamic price targets. - **Visuals**: - Blue EMA line (optional). - Teal bars for bullish conditions (optional). - Orange labels for entry signals (optional). - Yellow entry line and green dashed target line (optional). - Price labels for entry/target (optional). - ATR dashboard showing average ATR multiple, win %, and time-to-target (optional). 📘 How to Trade - **Entry**: Go long when an orange label appears (price closes above Slingshot EMA after three closes below, with bullish EMAs on the 65-minute chart). - **Target**: Aim for the green dashed line (entry price + ATR-based target). - **Exit**: Close when bullish conditions end (EMAs not stacked or price below 65-minute 89 EMA). - **Stop Loss**: Not included; consider 2× ATR below entry or a support level. - **Alerts**: Enable “First Trending SlingShot” for entry notifications. ✨ Customize Adjust in settings: - 89 EMA timeframe (e.g., set to 65 minutes). - Bar color (default: teal). - Toggle EMA line, bar coloring, entry labels, lines, price labels, and dashboard. - Slingshot EMA length (default: 4). 💡 Tips - Backtest on the 65-minute timeframe for your asset. - Combine with support/resistance or other indicators. - Use proper risk management.
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adonilopez tarafından
Trend Bars with Okuninushi Line Filter# Trend Bars with Okuninushi Line Filter: A Powerful Trading Indicator ## Introduction The **Trend Bars with Okuninushi Line Filter** is an innovative technical indicator that combines two powerful concepts: trend bar analysis and the Okuninushi Line filter. This indicator helps traders identify high-quality trending moves by analyzing candle body strength relative to the overall price range while ensuring the price action aligns with the dominant market structure. ## What Are Trend Bars? Trend bars are candles where the body (distance between open and close) represents a significant portion of the total price range (high to low). These bars indicate strong directional momentum with minimal indecision, making them valuable signals for trend continuation. ### Key Characteristics: - **Strong directional movement**: Large body relative to total range - **Minimal upper/lower shadows**: Shows sustained pressure in one direction - **High conviction**: Represents decisive market action ## The Okuninushi Line Filter The Okuninushi Line, also known as the Kijun Line in Ichimoku analysis, is calculated as the midpoint of the highest high and lowest low over a specified period (default: 52 periods). **Formula**: `(Highest High + Lowest Low) / 2` This line acts as a dynamic support/resistance level and trend filter, helping to: - Identify the overall market bias - Filter out counter-trend signals - Provide confluence for trade entries ## How the Indicator Works The indicator combines these two concepts with the following logic: ### Bull Trend Bars (Green) A candle is colored **green** when ALL conditions are met: 1. **Bullish candle**: Close > Open 2. **Strong body**: |Close - Open| ≥ Threshold × (High - Low) 3. **Above trend filter**: Close > Okuninushi Line ### Bear Trend Bars (Red) A candle is colored **red** when ALL conditions are met: 1. **Bearish candle**: Close < Open 2. **Strong body**: |Close - Open| ≥ Threshold × (High - Low) 3. **Below trend filter**: Close < Okuninushi Line ### Neutral Bars (Gray) All other candles that don't meet the complete criteria are colored **gray**. ## Customizable Parameters ### Trend Bar Threshold - **Range**: 10% to 100% - **Default**: 75% - **Purpose**: Controls how "strong" a candle must be to qualify as a trend bar **Threshold Effects:** - **Low (10-30%)**: More sensitive, catches smaller trending moves - **Medium (50-75%)**: Balanced approach, filters out most noise - **High (80-100%)**: Very selective, only captures the strongest moves ### Okuninushi Line Length - **Default**: 52 periods - **Purpose**: Determines the lookback period for calculating the midpoint - **Common Settings**: - 26 periods: More responsive to recent price action - 52 periods: Standard setting, good balance - 104 periods: Longer-term trend perspective ## Trading Applications ### 1. Trend Continuation Signals - **Green bars**: Look for bullish continuation opportunities - **Red bars**: Consider bearish continuation setups - **Gray bars**: Exercise caution, mixed signals ### 2. Market Structure Analysis - Clusters of same-colored bars indicate strong trends - Alternating colors suggest choppy, indecisive markets - Transition from red to green (or vice versa) may signal trend changes ### 3. Entry Timing - Use colored bars as confirmation for existing trade setups - Wait for color alignment with your market bias - Avoid trading during predominantly gray periods ### 4. Risk Management - Gray bars can serve as early warning signs of weakening trends - Color changes might indicate appropriate exit points - Use in conjunction with other risk management tools ## Advantages 1. **Dual Filtering**: Combines momentum (trend bars) with trend direction (Okuninushi Line) 2. **Visual Clarity**: Immediate visual feedback through candle coloring 3. **Customizable**: Adjustable parameters for different trading styles 4. **Versatile**: Works across multiple timeframes and instruments 5. **Objective**: Rule-based system reduces subjective interpretation ## Limitations 1. **Lagging Nature**: Based on historical price data 2. **False Signals**: Can produce whipsaws in choppy markets 3. **Parameter Sensitivity**: Requires optimization for different instruments 4. **Market Conditions**: May be less effective in ranging markets ## Best Practices ### Optimization Tips: - **Volatile Markets**: Use higher thresholds (80-90%) - **Steady Trends**: Use moderate thresholds (60-75%) - **Short-term Trading**: Shorter Okuninushi Line periods (26) - **Long-term Analysis**: Longer Okuninushi Line periods (104+) ### Combination Strategies: - Pair with volume indicators for confirmation - Use alongside support/resistance levels - Combine with other trend-following indicators - Consider market context and overall trend direction ## Conclusion The Trend Bars with Okuninushi Line Filter offers traders a sophisticated yet intuitive way to identify high-quality trending moves. By combining the momentum characteristics of trend bars with the directional filter of the Okuninushi Line, this indicator helps traders focus on the most promising opportunities while avoiding low-probability setups. Remember that no single indicator should be used in isolation. Always consider market context, risk management, and other technical factors when making trading decisions. The true power of this indicator lies in its ability to quickly highlight periods of strong, aligned price action – exactly what trend traders are looking for. --- *Disclaimer: This article is for educational purposes only and should not be considered as financial advice. Always conduct your own research and consider your risk tolerance before making any trading decisions.*
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YAMAGUCHI-KUNI tarafından
Z-Score Volume with CVD TrendZ-Score Volume & CVD Trend with Exhaustion Signals This powerful, all-in-one indicator combines statistical volume analysis, Cumulative Volume Delta (CVD), and a custom clustering algorithm to provide a clear and dynamic view of market sentiment. It is designed to help traders identify the prevailing trend and spot potential reversals or trend exhaustion before they happen. Important Note: This indicator is specifically designed and optimized for use during the Regular Trading Hours (RTH) New York session, which is typically characterized by high volume and volatility. Its signals may be less reliable in low-volume or overnight sessions. Core Concepts 1. Volume Z-Score The script first calculates a Z-score for volume, which measures how many standard deviations a bar's volume is from a moving average. This helps to identify statistically significant volume spikes that may signal institutional activity or a major shift in sentiment. 2. Cumulative Volume Delta (CVD) CVD plots the net difference between buying and selling volume over time. A rising CVD indicates a surplus of buying pressure, while a falling CVD shows a surplus of selling pressure. This provides a clear look at the direction of momentum. 3. Custom Clustering By combining the Volume Z-score and CVD delta, the script classifies each bar into one of six distinct "clusters." The purpose is to simplify complex data into actionable signals. High Conviction Bullish: High Z-score volume with strong CVD buying. High Conviction Bearish: High Z-score volume with strong CVD selling. Effort vs. Result: High Z-score volume with no clear CVD bias, indicating indecision or a struggle between buyers and sellers. Quiet Accumulation: Low volume with subtle CVD buying, suggesting passive accumulation. Quiet Distribution: Low volume with subtle CVD selling, suggesting passive distribution. Low Conviction/Noise: Low volume and low CVD, representing general market noise. Trend and Exhaustion Logic Trend Establishment: The indicator determines the overall trend (Bullish, Bearish, or Neutral) by analyzing the majority of recent clusters over a configurable lookback period. A Bullish Trend is confirmed when a majority of recent bars are either "High Conviction Bullish" or "Quiet Accumulation." A Bearish Trend is confirmed when a majority of recent bars are either "High Conviction Bearish" or "Quiet Distribution." Trend Exhaustion: This is a key feature for identifying potential reversals. The script looks for a divergence between price action and CVD within a confirmed trend. Bullish Exhaustion Signal: Occurs during a confirmed "Bullish Trend" when you see a bearish divergence (price makes a higher high, but CVD shows negative delta and a close lower than the open). This is a strong sign the uptrend may be running out of steam. Bearish Exhaustion Signal: Occurs during a confirmed "Bearish Trend" when you see a bullish divergence (price makes a lower low, but CVD shows positive delta and a close higher than the open). This indicates the downtrend may be exhausted. How to Interpret the Visuals Volume Bars: Colored to match the cluster they belong to. Background Color: Shows the overall trend (light green for bullish, light red for bearish). Circle Markers (bottom): Green circles indicate a bullish trend, and red circles indicate a bearish trend. Triangles and Circles (top): Represent the specific cluster of each bar. Trend Exhaustion Markers: Triangles above/below the bar signal potential trend exhaustion. Info Table: An optional table provides a real-time summary of all key metrics for the current bar. Settings Volume EMA Length: Adjusts the moving average used for the Volume Z-score calculation. Z-Score Look Back: Defines the number of bars to use for the volume and CVD percentile calculation. Lower/Upper Cluster Percentile: Use these to adjust the sensitivity of the clustering. Tighter ranges (e.g., 25/75) capture more data, while wider ranges (e.g., 10/90) will only signal truly extreme events. Trend Lookback Bars: Controls how many recent bars are considered when determining the trend. This script offers a comprehensive and easy-to-read way to integrate volume, momentum, and trend analysis into your trading. Happy Trading!
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immediatePerso44773 tarafından