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Fibonacci Trend [ChartPrime]Fibonacci Trend Indicator
This powerful indicator leverages supertrend analysis to detect market direction while overlaying dynamic Fibonacci levels to highlight potential support, resistance, and optimal trend entry zones. With its straightforward design, it is perfect for traders looking to simplify their workflow and enhance decision-making.
⯁ KEY FEATURES AND HOW TO USE
⯌ Supertrend Trend Identification :
The indicator uses a supertrend algorithm to identify market direction. It displays purple for downtrends and green for uptrends, ensuring quick and clear trend analysis.
⯌ Fibonacci Levels for Current Swings :
Automatically calculates Fibonacci retracement levels (0.236, 0.382, 0.618, 0.786) for the current swing leg.
- These levels act as key zones for potential support, resistance, and trend continuation.
- The high and low swing points are labeled with exact prices, ensuring clarity.
- If the swing range is insufficient (less than five times ATR), Fibonacci levels are not displayed, avoiding irrelevant data.
⯌ Extended Fibonacci Levels :
User-defined extensions project Fibonacci levels into the future, aiding traders in planning price targets or projecting key zones.
⯌ Optimal Trend Entry Zone :
A filled area between 0.618 and 0.786 levels visually highlights the optimal entry zone for trend continuation. This allows traders to refine their entry points during pullbacks.
⯌ Diagonal Trend Line :
A dashed diagonal line connects the swing high and low, visually confirming the range and trend strength of the current swing.
⯌ Visual Labels for Fibonacci Levels :
Each Fibonacci level is marked with a label displaying its value for quick reference.
⯁ HOW TRADERS CAN POTENTIALLY USE THIS TOOL
Fibonacci Retracements:
Use the Fibonacci retracement levels to find key support or resistance zones where the price may pull back before continuing its trend.
Example: Enter long trades when the price retraces to 0.618–0.786 levels in an uptrend.
Fibonacci Extensions:
Use Fibonacci extensions to project future price targets based on the current trend's swing leg. Levels like 127.2% and 161.8% are commonly used as profit-taking zones.
Reversal Identification:
Spot potential reversals by monitoring price reactions at key Fibonacci retracement levels (e.g., 0.236 or 0.382) or the swing high/low.
Optimal Trend Entries:
The filled zone between 0.618 and 0.786 is a statistically strong area for entering a position in the direction of the trend.
Example: Enter long positions during retracements to this range in an uptrend.
Risk Management:
Set stop-losses below key Fibonacci levels or the swing low/high, and take profits at extension levels, enhancing your trade management strategies.
⯁ CONCLUSION
The Fibonacci Trend Indicator is a straightforward yet effective tool for identifying trends and key Fibonacci levels. It simplifies analysis by integrating supertrend-based trend identification with Fibonacci retracements, extensions, and optimal entry zones. Whether you're a beginner or experienced trader, this indicator is an essential addition to your toolkit for trend trading, reversal spotting, and risk management.
The Curved Market Structure [BigBeluga]Curved Market Structure
The Curved Market Structure indicator offers an innovative twist on traditional market structure tools by using curved lines instead of horizontal ones, enabling faster breakout detection for traders.
🔵Key Features:
Curved Market Structure Levels: The indicator identifies high and low pivots and plots curved lines connecting these points, adapting to market dynamics and providing a more intuitive view of potential breakout zones.
Breakout Detection: Breakouts above or below the curved levels are marked with triangle symbols (▲ or ▼), making it easy to spot critical price movements.
Dynamic Target Levels: After a breakout, the indicator plots three target levels, which serve as potential price objectives. Each target is marked with a number and a star (e.g., 1★) upon being reached.
Customizable Line Length and Angle: Users can adjust the length and angle of the curved lines to fit their trading style and timeframe, making the tool versatile and adaptable.
Market Structure Trend Filtering: To maintain a clean chart, the indicator plots curved levels only from high pivots during uptrends and low pivots during downtrends.
🔵How It Works:
The indicator identifies high and low pivots using user-defined parameters (left and right bars).
Curved lines are drawn from these pivot points, showing the structure of the market and potential breakout zones.
When a breakout occurs, the indicator highlights the direction with triangle symbols and dynamically plots three price targets.
Upon reaching these targets, the level is marked with its respective number and a star, helping traders track price progression effectively.
The lines and targets are adjusted based on market conditions, ensuring real-time relevance and accuracy.
🔵Use Cases:
Spotting key breakout zones to identify entry and exit points more effectively.
Setting dynamic target levels for take-profit or stop-loss planning.
Filtering market noise and maintaining a cleaner chart while analyzing trends.
Enhancing traditional market structure analysis with an intuitive curved visualization.
This indicator is ideal for traders who want a modern, dynamic, and visually appealing way to track market structure and breakouts while maintaining chart clarity.
Grand Indicator
The "Grand Indicator" is a comprehensive technical analysis tool that combines multiple indicators to provide a complete market view. It primarily focuses on momentum, trend, and volume analysis to generate trading signals.
• Core Components Combined:
- RSI (Relative Strength Index)
- MACD (Modified with OBV)
- Stochastic
- Multiple Moving Average variations
This indicator normalizes all components to a 0-100 scale for easier visual comparison and analysis. It uses a dual confirmation system that requires both RSI and MACD signals to align before generating trading signals. The RSI component monitors overbought and oversold conditions, while the modified MACD incorporates volume analysis through OBV (On-Balance Volume) to confirm price movements.
The indicator includes a sophisticated moving average system that offers multiple calculation methods including DEMA, TEMA, EMA, and several other variations. This flexibility allows traders to fine-tune the trend analysis component to their preferences. The stochastic component adds another layer of analysis by identifying potential reversal points through overbought and oversold conditions.
Trading signals are generated when multiple conditions align. A buy signal appears when the RSI crosses above the oversold level while the MACD turns upward. Conversely, a sell signal is generated when the RSI crosses below the overbought level while the MACD turns downward. These signals are visually displayed through background colors and markers on the chart.
• Key Technical Elements Used:
- Volume analysis (OBV)
- Momentum indicators (RSI, Stochastic)
- Trend analysis (Various MAs)
- Price action
- Multiple timeframe analysis capability
The indicator provides a comprehensive view of market conditions by combining these various technical analysis tools into a single, normalized display.
Uptrick: Fisher Eclipse1. Name and Purpose
Uptrick: Fisher Eclipse is a Pine version 6 extension of the basic Fisher Transform indicator that focuses on highlighting potential turning points in price data. Its purpose is to allow traders to spot shifts in momentum, detect divergence, and adapt signals to different market environments. By combining a core Fisher Transform with additional signal processing, divergence detection, and customizable aggressiveness settings, this script aims to help users see when a price move might be losing momentum or gaining strength.
2. Overview
This script uses a Fisher Transform calculation on the average of each bar’s high and low (hl2). The Fisher Transform is designed to amplify price extremes by mapping data into a different scale, making potential reversals more visible than they might be with standard oscillators. Uptrick: Fisher Eclipse takes this concept further by integrating a signal line, divergence detection, bar coloring for momentum intensity, and optional thresholds to reduce unwanted noise.
3. Why Use the Fisher Transform
The Fisher Transform is known for converting relatively smoothed price data into a more pronounced scale. This transformation highlights where markets may be overextended. In many cases, standard oscillators move gently, and traders can miss subtle hints that a reversal might be approaching. The Fisher Transform’s mathematical approach tightens the range of values and sharpens the highs and lows. This behavior can allow traders to see clearer peaks and troughs in momentum. Because it is often quite responsive, it can help anticipate areas where price might change direction, especially when compared to simpler moving averages or traditional oscillators. The result is a more evident signal of possible overbought or oversold conditions.
4. How This Extension Improves on the Basic Fisher Transform
Uptrick: Fisher Eclipse adds multiple features to the classic Fisher framework in order to address different trading styles and market behaviors:
a) Divergence Detection
The script can detect bullish or bearish divergences between price and the oscillator over a chosen lookback period, helping traders anticipate shifts in market direction.
b) Bar Coloring
When momentum exceeds a certain threshold (default 3), bars can be colored to highlight surges of buying or selling pressure. This quick visual reference can assist in spotting periods of heightened activity. After a bar color like this, usually, there is a quick correction as seen in the image below.
c) Signal Aggressiveness Levels
Users can choose between conservative, moderate, or aggressive signal thresholds. This allows them to tune how quickly the indicator flags potential entries or exits. Aggressive settings might suit scalpers who need rapid signals, while conservative settings may benefit swing traders preferring fewer, more robust indications.
d) Minimum Movement Filter
A configurable filter can be set to ensure that the Fisher line and its signal have a sufficient gap before triggering a buy or sell signal. This step is useful for traders seeking to minimize signals during choppy or sideways markets. This can be used to eliminate noise as well.
By combining all these elements into one package, the indicator attempts to offer a comprehensive toolkit for those who appreciate the Fisher Transform’s clarity but also desire more versatility.
5. Core Components
a) Fisher Transform
The script calculates a Fisher value using normalized price over a configurable length, highlighting potential peaks and troughs.
b) Signal Line
The Fisher line is smoothed using a short Simple Moving Average. Crossovers and crossunders are one of the key ways this indicator attempts to confirm momentum shifts.
c) Divergence Logic
The script looks back over a set number of bars to compare current highs and lows of both price and the Fisher oscillator. When price and the oscillator move in opposing directions, a divergence may occur, suggesting a possible upcoming reversal or weakening trend.
d) Thresholds for Overbought and Oversold
Horizontal lines are drawn at user-chosen overbought and oversold levels. These lines help traders see when momentum readings reach particular extremes, which can be especially relevant when combined with crossovers in that region.
e) Intensity Filter and Bar Coloring
If the magnitude of the change in the Fisher Transform meets or exceeds a specified threshold, bars are recolored. This provides a visual cue for significant momentum changes.
6. User Inputs
a) length
Defines how many bars the script looks back to compute the highest high and lowest low for the Fisher Transform. A smaller length reacts more quickly but can be noisier, while a larger length smooths out the indicator at the cost of responsiveness.
b) signal aggressiveness
Adjusts the buy and sell thresholds for conservative, moderate, and aggressive trading styles. This can be key in matching the indicator to personal risk preferences or varying market conditions. Conservative will give you less signals and aggressive will give you more signals.
c) minimum movement filter
Specifies how far apart the Fisher line and its signal line must be before generating a valid crossover signal.
d) divergence lookback
Controls how many bars are examined when determining if price and the oscillator are diverging. A larger setting might generate fewer signals, while a smaller one can provide more frequent alerts.
e) intensity threshold
Determines how large a change in the Fisher value must be for the indicator to recolor bars. Strong momentum surges become more noticeable.
f) overbought level and oversold level
Lets users define where they consider market conditions to be stretched on the upside or downside.
7. Calculation Process
a) Price Input
The script uses the midpoint of each bar’s high and low, sometimes referred to as hl2.
hl2 = (high + low) / 2
b) Range Normalization
Determine the maximum (maxHigh) and minimum (minLow) values over a user-defined lookback period (length).
Scale the hl2 value so it roughly fits between -1 and +1:
value = 2 * ((hl2 - minLow) / (maxHigh - minLow) - 0.5)
This step highlights the bar’s current position relative to its recent highs and lows.
c) Fisher Calculation
Convert the normalized value into the Fisher Transform:
fisher = 0.5 * ln( (1 + value) / (1 - value) ) + 0.5 * fisher_previous
fisher_previous is simply the Fisher value from the previous bar. Averaging half of the new transform with half of the old value smooths the result slightly and can prevent erratic jumps.
ln is the natural logarithm function, which compresses or expands values so that market turns often become more obvious.
d) Signal Smoothing
Once the Fisher value is computed, a short Simple Moving Average (SMA) is applied to produce a signal line. In code form, this often looks like:
signal = sma(fisher, 3)
Crossovers of the fisher line versus the signal line can be used to hint at changes in momentum:
• A crossover occurs when fisher moves from below to above the signal.
• A crossunder occurs when fisher moves from above to below the signal.
e) Threshold Checking
Users typically define oversold and overbought levels (often -1 and +1).
Depending on aggressiveness settings (conservative, moderate, aggressive), these thresholds are slightly shifted to filter out or include more signals.
For example, an oversold threshold of -1 might be used in a moderate setting, whereas -1.5 could be used in a conservative setting to require a deeper dip before triggering.
f) Divergence Checks
The script looks back a specified number of bars (divergenceLookback). For both price and the fisher line, it identifies:
• priceHigh = the highest hl2 within the lookback
• priceLow = the lowest hl2 within the lookback
• fisherHigh = the highest fisher value within the lookback
• fisherLow = the lowest fisher value within the lookback
If price forms a lower low while fisher forms a higher low, it can signal a bullish divergence. Conversely, if price forms a higher high while fisher forms a lower high, a bearish divergence might be indicated.
g) Bar Coloring
The script monitors the absolute change in Fisher values from one bar to the next (sometimes called fisherChange):
fisherChange = abs(fisher - fisher )
If fisherChange exceeds a user-defined intensityThreshold, bars are recolored to highlight a surge of momentum. Aqua might indicate a strong bullish surge, while purple might indicate a strong bearish surge.
This color-coding provides a quick visual cue for traders looking to spot large momentum swings without constantly monitoring indicator values.
8. Signal Generation and Filtering
Buy and sell signals occur when the Fisher line crosses the signal line in regions defined as oversold or overbought. The optional minimum movement filter prevents triggering if Fisher and its signal line are too close, reducing the chance of small, inconsequential price fluctuations creating frequent signals. Divergences that appear in oversold or overbought regions can serve as additional evidence that momentum might soon shift.
9. Visualization on the Chart
Uptrick: Fisher Eclipse plots two lines: the Fisher line in one color and the signal line in a contrasting shade. The chart displays horizontal dashed lines where the overbought and oversold levels lie. When the Fisher Transform experiences a sharp jump or drop above the intensity threshold, the corresponding price bars may change color, signaling that momentum has undergone a noticeable shift. If the indicator detects bullish or bearish divergence, dotted lines are drawn on the oscillator portion to connect the relevant points.
10. Market Adaptability
Because of the different aggressiveness levels and the optional minimum movement filter, Uptrick: Fisher Eclipse can be tailored to multiple trading styles. For instance, a short-term scalper might select a smaller length and more aggressive thresholds, while a swing trader might choose a longer length for smoother readings, along with conservative thresholds to ensure fewer but potentially stronger signals. During strongly trending markets, users might rely more on divergences or large intensity changes, whereas in a range-bound market, oversold or overbought conditions may be more frequent.
11. Risk Management Considerations
Indicators alone do not ensure favorable outcomes, and relying solely on any one signal can be risky. Using a stop-loss or other protections is often suggested, especially in fast-moving or unpredictable markets. Divergence can appear before a market reversal actually starts. Similarly, a Fisher Transform can remain in an overbought or oversold region for extended periods, especially if the trend is strong. Cautious interpretation and confirmation with additional methods or chart analysis can help refine entry and exit decisions.
12. Combining with Other Tools
Traders can potentially strengthen signals from Uptrick: Fisher Eclipse by checking them against other methods. If a moving average cross or a price pattern aligns with a Fisher crossover, the combined evidence might provide more certainty. Volume analysis may confirm whether a shift in market direction has participation from a broad set of traders. Support and resistance zones could reinforce overbought or oversold signals, particularly if price reaches a historical boundary at the same time the oscillator indicates a possible reversal.
13. Parameter Customization and Examples
Some short-term traders run a 15-minute chart, with a shorter length setting, aggressively tight oversold and overbought thresholds, and a smaller divergence lookback. This approach produces more frequent signals, which may appeal to those who enjoy fast-paced trading. More conservative traders might apply the indicator to a daily chart, using a larger length, moderate threshold levels, and a bigger divergence lookback to focus on broader market swings. Results can differ, so it may be helpful to conduct thorough historical testing to see which combination of parameters aligns best with specific goals.
14. Realistic Expectations
While the Fisher Transform can reveal potential turning points, no mathematical tool can predict future price behavior with full certainty. Markets can behave erratically, and a period of strong trending may see the oscillator pinned in an extreme zone without a significant reversal. Divergence signals sometimes appear well before an actual trend change occurs. Recognizing these limitations helps traders manage risk and avoids overreliance on any one aspect of the script’s output.
15. Theoretical Background
The Fisher Transform uses a logarithmic formula to map a normalized input, typically ranging between -1 and +1, into a scale that can fluctuate around values like -3 to +3. Because the transformation exaggerates higher and lower readings, it becomes easier to spot when the market might have stretched too far, too fast. Uptrick: Fisher Eclipse builds on that foundation by adding a series of practical tools that help confirm or refine those signals.
16. Originality and Uniqueness
Uptrick: Fisher Eclipse is not simply a duplicate of the basic Fisher Transform. It enhances the original design in several ways, including built-in divergence detection, bar-color triggers for momentum surges, thresholds for overbought and oversold levels, and customizable signal aggressiveness. By unifying these concepts, the script seeks to reduce noise and highlight meaningful shifts in market direction. It also places greater emphasis on helping traders adapt the indicator to their specific style—whether that involves frequent intraday signals or fewer, more robust alerts over longer timeframes.
17. Summary
Uptrick: Fisher Eclipse is an expanded take on the original Fisher Transform oscillator, including divergence detection, bar coloring based on momentum strength, and flexible signal thresholds. By adjusting parameters like length, aggressiveness, and intensity thresholds, traders can configure the script for day-trading, swing trading, or position trading. The indicator endeavors to highlight where price might be shifting direction, but it should still be combined with robust risk management and other analytical methods. Doing so can lead to a more comprehensive view of market conditions.
18. Disclaimer
No indicator or script can guarantee profitable outcomes in trading. Past performance does not necessarily suggest future results. Uptrick: Fisher Eclipse is provided for educational and informational purposes. Users should apply their own judgment and may want to confirm signals with other tools and methods. Deciding to open or close a position remains a personal choice based on each individual’s circumstances and risk tolerance.
Predictive Ranges, SMA, RSI strategyThis strategy combines three powerful technical indicators: Predictive Ranges, Simple Moving Average (SMA), and Relative Strength Index (RSI), to help identify potential market entry and exit points.
Key Features:
Predictive Ranges: The strategy utilizes predictive price levels (such as support and resistance levels) to anticipate potential price movements and possible breakouts. These levels act as critical points for making trading decisions.
SMA (Simple Moving Average): A 200-period SMA is incorporated to determine the overall market trend. The strategy trades in alignment with the direction of the SMA, taking long positions when the price is bellow the SMA and short positions when it is above. This helps ensure the strategy follows the prevailing market trend.
RSI (Relative Strength Index): The strategy uses the RSI (14-period) to gauge whether the market is overbought or oversold. A value above 70 signals that the asset may be overbought, while a value below 30 indicates that it might be oversold. These conditions are used to refine entry and exit points.
Entry & Exit Logic:
Long Entry: The strategy enters a long position when the price crosses above the predictive resistance level (UpLevel1/UpLevel2), and RSI is in the oversold region (below 30), signaling potential upward movement.
Short Entry: The strategy enters a short position when the price crosses below the predictive support level (LowLevel1/LowLevel2), and RSI is in the overbought region (above 70), signaling potential downward movement.
Exit Strategy: The exit levels are determined based on the predictive range levels (e.g., UpLevel1, UpLevel2, LowLevel1, LowLevel2), ensuring that trades are closed at optimal levels. A stop loss and take profit are also applied, based on a user-defined percentage, allowing for automated risk management.
Strategy Advantages:
Trend Following: By using SMA and predictive ranges, this strategy adapts to the prevailing market trend, enhancing its effectiveness in trending conditions.
RSI Filtering: The RSI helps avoid trades in overbought/oversold conditions, refining entry signals and improving the likelihood of success.
Customizable: Traders can adjust parameters such as stop loss, take profit, and predictive range levels, allowing them to tailor the strategy to their preferred risk tolerance and market conditions.
This strategy is designed for traders who prefer a combination of trend-following and mean-reversion techniques, with a focus on predictive market levels and essential momentum indicators to improve trade accuracy.
EBL - Enigma BOS LogicThe EBL - Enigma BOS Logic indicator is designed to detect key trend reversal points with precision by leveraging a unique concept based on two-candle price action analysis. Inspired by the balance of pairs in creation, this indicator identifies trend changes by focusing on significant bullish and bearish candle pairs, storing key levels, and waiting for confirmation to provide actionable trade signals. It goes beyond conventional trend-following indicators by offering real-time alerts and clear visual cues for traders.
How It Works
Bullish Setup:
The indicator identifies a bullish candle followed by a bearish candle. It then stores the high of the bullish candle as a potential reversal level.
A bullish confirmation occurs when a future bullish candle closes above the stored high. When this happens:
A green arrow is plotted below the confirming candle.
A horizontal green line is drawn at the stored high level, extending forward by a user-defined number of bars.
An alert is triggered to notify the trader of a confirmed bullish trend.
Bearish Setup:
The indicator identifies a bearish candle followed by a bullish candle. It stores the low of the bearish candle as a potential reversal level.
A bearish confirmation occurs when a future bearish candle closes below the stored low. When this happens:
A red arrow is plotted above the confirming candle.
A horizontal red line is drawn at the stored low level, extending forward by a user-defined number of bars.
An alert is triggered to notify the trader of a confirmed bearish trend.
Touch or Cross Alerts:
In addition to initial trend confirmation, the indicator tracks price movements relative to the drawn horizontal lines.
If the price returns to touch or cross a previously drawn horizontal line, an alert is triggered, indicating a potential re-entry or retracement opportunity.
Customization Options
To make the indicator versatile and adaptable for different trading styles, several customization options are provided:
Line Colors: Traders can customize the colors of the bullish and bearish lines.
Show/Hide Arrows and Lines: Users can choose whether to display the arrows and horizontal lines on the chart.
Line Length: The length of the horizontal lines (number of bars they extend into the future) is user-defined, offering flexibility based on trading timeframes and preferences.
Use Cases
Trend Reversal Detection: EBL is ideal for identifying key trend reversals, allowing traders to enter trades with a high probability of success.
Breakout Confirmation: The indicator provides visual and alert-based confirmation of breakouts beyond critical support or resistance levels.
Re-entry Opportunities: With alerts for price touching or crossing horizontal lines, traders can spot potential re-entry points during retracements.
Conceptual Foundation
The methodology behind this indicator is rooted in the principle that markets often move in pairs of bullish and bearish forces. By tracking the interaction between consecutive bullish and bearish candles and waiting for clear confirmations, this indicator ensures that only high-probability trend changes are signaled. This reduces noise and enhances trading accuracy, making it suitable for scalping, day trading, and swing trading across various timeframes.
How to Use
Apply the indicator to any chart and timeframe of your choice.
Set your preferred customization options, including line colors, arrow display, and line length.
Watch for arrows and listen for alerts to identify confirmed trend changes.
Pay attention to touch or cross alerts on horizontal lines, as these can signal potential re-entry or secondary trade opportunities.
Combine with other analysis: While EBL is powerful on its own, combining it with support/resistance analysis, moving averages, or volume indicators can further enhance its effectiveness.
This indicator is a powerful tool for traders seeking precision in identifying trend changes and actionable trade signals. Its unique logic, real-time alerts, and clear visual cues make it a valuable addition to any trader’s toolkit.
Forex Reversal Strategy [5-Min] – Optimized for Scalping & Intracreated from @AlgoAlpha
📈 Description:
This Forex Reversal Strategy is designed for scalping and short-term trading on the 5-minute timeframe. It leverages reversal signals, trend confirmation, and volatility filters to capture high-probability trading opportunities.
🚀 Key Features:
✅ Reversal Signal Detection – Identifies potential trend reversals using price action.
✅ 200 EMA Trend Filter – Only takes trades in the direction of the trend.
✅ ATR-Based Stop Loss & Take Profit – Dynamically adjusts risk based on market volatility.
✅ ADX Volatility Filter – Avoids low-momentum and sideways markets.
✅ Session Filter (London & NY) – Trades only during high liquidity periods for better performance.
✅ Optimized for Forex Scalping – Ideal for pairs like EUR/USD, GBP/USD, USD/JPY, and XAU/USD.
📌 How It Works:
Long Trades: Enter when a bullish reversal is detected above the 200 EMA and market volatility is high.
Short Trades: Enter when a bearish reversal is detected below the 200 EMA and momentum confirms.
Exit Strategy: Uses ATR-based stop loss & take profit, with a 1.8:1 risk-reward ratio for optimized returns.
⚙ Customization Options:
Adjust Stop Loss ATR Multiplier for tighter or wider risk management.
Modify Risk-Reward Ratio to balance profit potential.
Enable/Disable Session Filter for 24/5 trading.
🔔 Alerts Included – Get notified when a trade opportunity arises!
📊 Recommended Timeframe: 5-Min
💰 Best Used On: Forex Pairs (EUR/USD, GBP/USD, USD/JPY, XAU/USD)
📈 Suggested Market Conditions: Trending and volatile markets.
🔥 Test it in the Strategy Tester and optimize it for your trading style! 🚀
ScalpZilla Strategy Claude 0.2 betaStrategy backtester for any MA indicator.
Currently used with ScalpZilla V3.
Contain 5 TPs and SL.
[blackcat] L3 Bullish Grab SignalOVERVIEW
The " L3 Bullish Grab Signal" indicator is designed to identify bullish trends and potential buying opportunities in the market. It uses a combination of moving averages and custom calculations to generate signals. The indicator is set to not overlay on the price chart, meaning it will have its own panel below the main chart, and it updates based on the specified timeframe.
FEATURES
Input Parameters:
shortEmaPeriod: Default value is 13, used for the shorter-term EMA.
longEmaPeriod: Default value is 34, used for the longer-term EMA.
signalEmaPeriod: Default value is 5, used to smooth the difference between the short and long EMAs.
lookbackPeriod: Default value is 60, used to look back over a certain number of bars for specific calculations.
Variable Calculations:
priceWeightedAverage: Calculated as (close * 2 + high + low) / 4 * 10, a custom price point.
shortEma: EMA of priceWeightedAverage over the short period.
longEma: EMA of priceWeightedAverage over the long period.
signalEma: EMA of the difference between shortEma and longEma, smoothed over the signalEmaPeriod.
oscillatorValue: Calculated as 2 * (shortEma - longEma - signalEma) * 5.5, a custom oscillator.
positiveOscillatorValue: Positive part of oscillatorValue, setting negative values to zero.
bullishSignal: True when positiveOscillatorValue increases and was previously negative.
confirmedBullishSignal: True when the bullish signal is confirmed by certain conditions involving the oscillator values and price increases.
priceIncreaseThreshold: Checks if the close price increased by more than 7% from the previous bar.
strongBullishSignal: Combines the bullish signal with the confirmed signal and the price increase threshold.
confirmedStrongBullishSignal: When all conditions for a strong bullish signal are met.
weakBullishSignal: Bullish signal that doesn't meet the strong criteria but still shows some strength.
Plotting:
Oscillator Value: Plots the raw oscillator value in white.
Positive Oscillator Value: Plots only the positive part of the oscillator value in white.
Strong Bullish Signal Stick: Plots a red candlestick when a strong bullish signal is confirmed, using the highest positive oscillator value over the lookback period.
Bullish Signal Stick: Plots a white candlestick for a bullish signal that isn't necessarily strong.
Weak Bullish Signal Stick: Plots a green candlestick for a weak bullish signal.
Positive Trend: Plots yellow candlesticks when the oscillator value is positive.
Negative Trend: Plots fuchsia candlesticks when the oscillator value is negative.
Numbers on Candles: Represents the breakout strength as a percentage change in price.
HOW TO USE
Install the Script: Add the script to your TradingView chart.
Customize Inputs:
Adjust the shortEmaPeriod, longEmaPeriod, signalEmaPeriod, and lookbackPeriod as needed.
Interpret the Charts:
Red Candles: Indicate a strong bullish trend, suggesting a potential buying opportunity.
White Candles: Indicate bullish signals that are not as strong but still suggest a buying opportunity.
Green Candles: Indicate weak bullish signals, suggesting a possible buying opportunity but with less confidence.
Yellow Candles: Indicate a positive trend, suggesting the market is in an uptrend.
Fuchsia Candles: Indicate a negative trend, suggesting the market is in a downtrend.
Numbers on Candles: Show the breakout strength as a percentage change in price.
Analyze Trends and Signals:
Use red candles to identify strong bullish signals, especially if the price has increased by more than 7% from the previous bar.
Monitor white and green candles for potential entries with lower confidence.
Avoid trading during fuchsia candles, as the market is in a downtrend.
MARKET MEANING AND TRADING USAGE
Strong Bullish Signal (Red Candles): Indicates a significant price increase and momentum, suggesting a strong buying opportunity.
Bullish Signal (White Candles): Suggests a buying opportunity but with less confidence compared to strong signals.
Weak Bullish Signal (Green Candles): Indicates a possible buying opportunity with even lower confidence.
Positive Trend (Yellow Candles): Suggests the market is in an uptrend.
Negative Trend (Fuchsia Candles): Suggests the market is in a downtrend.
Trading Strategy:
Buy: When a strong bullish signal is confirmed (red candle), especially if the price has increased by more than 7% from the previous bar.
Monitor: Watch for bullish signals (white candles) and weak bullish signals (green candles) for potential entries with lower confidence.
Avoid: During negative trends (fuchsia candles), as the market is in a downtrend.
LIMITATIONS
Simplicity: The implementation is based on a combination of moving averages and custom calculations, which might not capture all aspects of market dynamics.
Close Price Dependency: Uses close prices to determine trends and signals, which might not reflect intrabar price movements and trade imbalances accurately.
Historical Data: The script is based on historical data and does not guarantee future performance.
NOTES
Educational Tool: The script is designed for educational purposes and should not be considered financial advice.
Backtesting: Users are encouraged to backtest the strategy on a demo account before applying it to live trades.
Complementary Use: Best used in conjunction with other indicators and analysis methods for more accurate trading decisions.
THANKS
Special thanks to the TradingView community for their support and feedback.
USOIL H1 Magic CandleThis is an indicator that will show how the magic candle in the H1 timeframe is at a certain hour so you can make an entry for a reversal or continuation of the trend
This indicator is very good with a win accuracy of more than 80%. Are you interested in trying it?
Trading Hub 3TDH3.0
This indicator considerably simplifies the process of identification of market structure for traders based on the TradingHUB-3 technical method.
3%TRADERS Volume S/R- This indicator identifies fractal highs or lows with volume exceeding the volume's Moving Average. You can adjust the moving average value for each time frame in the settings.
- A fractal high is confirmed when there are three consecutive higher highs followed by two consecutive lower highs, while a fractal low is confirmed by the opposite pattern.
- Zones are generated from the fractal high/low and the closing price of the candle for the selected time frame. Larger zones indicate greater significance.
- You can customize the zones by disabling specific ones, displaying lines only, and adjusting the colors, transparency, and line thickness for all zones.
- To create alerts, enable the desired alert types for each time frame in the indicator's settings. Once applied, right-click on a zone on the chart and select "Add Alert on Vol S/R Zones." There's no need to add a title, as prebuilt alert messages are already included.
- Future updates will bring additional features and improvements!
I hope you find this indicator helpful! If you do, please give it a thumbs up. Feel free to share suggestions or feature requests in the comment section. Thank you and enjoy!
ALGOX V6_1_24 - Non-RepaintingWorking of the source from @CharlieChanCR
🔹 Fixes Implemented:
✅ Higher Timeframe Data (request.security()) fixed → Uses lookahead = barmerge.lookahead_off
✅ Heikin Ashi Candles Removed → Uses regular close prices
✅ Pivot Highs/Lows (ta.pivothigh() & ta.pivotlow()) replaced → Implements a rolling window method
✅ Process orders on every tick → Ensures real-time accuracy with calc_on_every_tick = true
✅ Ensures Stop Loss & Take Profit don’t repaint → Uses static levels per trade
Now, I'll modify and present the non-repainting version of your script. Stay tuned! 🚀
Fix Repainting Algox
🔧 Fixes Applied:
1️⃣ Fixed Higher Timeframe Data (request.security())
Now uses lookahead = barmerge.lookahead_off to prevent repainting.
2️⃣ Removed Heikin Ashi Candles
The strategy now strictly uses regular candlestick data.
3️⃣ Replaced ta.pivothigh() & ta.pivotlow()
Uses a rolling window method (f_swing_high() and f_swing_low()) to avoid future bar dependency.
4️⃣ Ensured Stop Loss & Take Profit Do Not Repaint
Uses static price levels based on strategy.position_avg_price.
5️⃣ Processes Orders on Every Tick (calc_on_every_tick = true)
Ensures real-time accuracy without modifying past signals.
6️⃣ Added Alerts for Entries & Exits
Get notified when Long/Short Entries or Take Profit levels are reached.
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🔥 Why This Version is Better?
✅ No more repainting—what you see in backtests is what happens in real-time.
✅ More reliable entries & exits—no signals disappearing after recalculation.
✅ Better for automation & live trading—consistent results when using bots.
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Secret Sauce (public)public version .. 40 ema and 200 cross with sauce indicator
Big Smokey still got you covered
Triple MA For Loop [SeerQuant]Triple MA For Loop
The Triple MA For Loop (TMA FL) by SeerQuant is an advanced moving average-based indicator designed to dynamically detect trends through a combination of three smoothed moving averages and iterative evaluation using a for-loop mechanism. This innovative approach enhances trend detection while filtering out noise, providing actionable insights into market trends.
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⚙️ How It Works
1️⃣ Triple Moving Average Calculation
This indicator calculates three moving averages (MA1, MA2, MA3) using a customizable moving average type, such as SMA, EMA, SMMA, WMA, and more. These are combined mathematically to derive the Triple Moving Average (TMA), which smooths trends while remaining responsive to market shifts.
2️⃣ Iterative For-Loop Evaluation
The TMA is passed through a for-loop, iterating over a user-defined range to calculate a cumulative trend score. This score reflects the balance between bullish and bearish signals across the looped period.
3️⃣ Threshold Logic
The trend score is compared against customizable Uptrend and Downtrend thresholds to determine the current market regime:
Bullish (Uptrend): When the score exceeds the upward threshold.
Bearish (Downtrend): When the score falls below the downward threshold.
Neutral: When the score lies between thresholds.
4️⃣ Dynamic Visual Representation
Line: A colored histogram represents the trend score, dynamically adjusting based on market conditions.
Candlestick Coloring: Optional candle coloring visually enhances trend identification on the chart.
Signals: Arrow markers highlight transitions into bullish or bearish states for clear, actionable signals.
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✨ Customizable Settings
1. Moving Average Settings:
Choose from various MA types (SMA, EMA, SMMA, etc.)
Set the length and source for MA calculations.
2. For-Loop Settings:
Define loop start, end, and thresholds for trend detection.
3. Style Settings:
Toggle candle coloring for better visualization.
Select from five unique color schemes to match your chart style.
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🚀 Features and Benefits
Dynamic Trend Detection: Detects market trends with precision using iterative for-loop calculations.
Visual Clarity: Color-coded oscillator, candles, and threshold levels for intuitive trend identification.
Highly Customizable: Adapt to your trading style with flexible inputs and multiple moving average options.
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📜 Disclaimer
This indicator is for educational purposes only and does not constitute financial advice. Past performance is not indicative of future results. Users should consult with a licensed financial advisor before making trading decisions. Use at your own risk.
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WP NEO Superman 01The provided Pine Script code consists of three distinct scripts that implement various technical analysis tools for trading on the TradingView platform. Below is a summary of each script's functionality:
SCRIPT 1: WP NEO Superman
Purpose: Implements a SuperTrend indicator based on Average True Range (ATR).
Key Features:
ATR Calculation: Users can choose between a standard ATR calculation or a simple moving average of the true range.
Trend Detection: Identifies uptrends and downtrends based on the closing price relative to calculated upper and lower bands.
Buy/Sell Signals: Generates buy signals when the trend changes from down to up and sell signals when it changes from up to down.
Visual Elements: Plots the trend lines, buy/sell signals, and optional highlighting of the trend areas.
Alerts: Configurable alerts for buy/sell signals and trend direction changes.
SCRIPT 2: Moving Average Ribbon
Purpose: Creates a customizable moving average ribbon with multiple moving averages.
Key Features:
Multiple Moving Averages: Users can add up to four different moving averages (SMA, EMA, SMMA, WMA, VWMA) with customizable lengths and colors.
Display Options: Each moving average can be toggled on or off for visibility.
User Inputs: Allows users to set the source price, length, and type of moving average for each of the four moving averages.
SCRIPT 3: Smarter SnR (Support and Resistance)
Purpose: Identifies and displays support and resistance levels using pivot points and trendlines.
Key Features:
Pivot Points: Calculates swing high and low pivot points to determine support and resistance levels.
Trendlines: Draws trendlines based on the most recent pivot points and can show price levels.
Alerts: Configurable alerts for breakouts above resistance and below support levels.
Dashboard: Displays a dashboard with support/resistance levels and trendline prices.
Quotes Table: Allows users to display a customizable quotes table on the chart.
Additional Features Across Scripts:
User Inputs: Each script includes various user inputs for customization, allowing traders to tailor the indicators to their preferences.
Visual Representation: All scripts utilize visual elements such as lines, shapes, and labels to enhance the user experience and provide clear signals on the chart.
Alerts: Alerts are integrated into all scripts to notify users of significant events, such as trend changes or price breakouts.
Conclusion
These scripts provide a comprehensive toolkit for traders, combining trend analysis, moving averages, and support/resistance levels to facilitate informed trading decisions. Users can customize the indicators to fit their trading strategies and preferences, making them versatile tools for technical analysis.
"DISCLAIMER ON"
Superman Arived
EBL - Enigma BOS Logic Select Higher Time FrameThe "EBL – Enigma BOS Logic" is a unique multi-timeframe trading indicator designed for traders who rely on structured price action and key level retests to find high-probability trade opportunities. This indicator automates the identification of significant price levels on a higher timeframe, plots them across all lower timeframes, and provides actionable signals (buy/sell) when price retests those levels. It is ideal for traders who focus on lower timeframes for precise entries while using higher timeframe structure for trend confirmation.
How the Indicator Works
Key Level Detection:
The indicator allows the user to select a key level timeframe (e.g., 1H, 4H, Daily, Weekly). It then identifies Break of Structure (BOS) levels on the selected timeframe.
When a bullish-to-bearish or bearish-to-bullish reversal is detected on the selected timeframe, the corresponding high or low of the reversal candle is stored as a key level.
These key levels are plotted as horizontal lines on all lower timeframes, helping the trader visualize critical support and resistance zones across multiple timeframes.
Retest Confirmation:
Once a key level is established, the indicator continuously monitors the price action on lower timeframes.
If the price touches or crosses a key level, it is considered a retest, and an alert is generated.
The indicator plots a retest marker (customizable as a circle or diamond) at the exact price level where the retest occurred, providing a clear visual cue for the trader.
Trading Signals:
When a retest is detected, a table is displayed on the chart with the following information:
The trading pair.
The signal direction (Buy/Sell).
The price at which the retest occurred.
This table gives traders instant insight into actionable opportunities, making it easier to focus on live market conditions without missing critical retests.
Key Features
Multi-Timeframe Analysis: The indicator focuses on a higher timeframe selected by the user, ensuring that only the most relevant key levels are plotted for lower timeframe trading.
Dynamic Retest Signals: It dynamically identifies when price retests a key level and provides both visual markers and real-time alerts.
Customizable Retest Markers: Users can customize the retest marker's shape (circle/diamond) and color to suit their preferences.
Signal Table: A built-in table displays clear buy or sell signals when retests occur, ensuring that traders have all the necessary information at a glance.
Alerts: The indicator supports real-time alerts for retests, helping traders stay informed even when they are not actively monitoring the chart.
How to Use the Indicator
Select a Key Level Timeframe:
In the input settings, choose a higher timeframe (e.g., 4H or Daily) to define key levels.
The indicator will calculate Break of Structure (BOS) levels on the selected timeframe and plot them as horizontal lines across all lower timeframes.
Monitor Lower Timeframes for Retests:
Switch to a lower timeframe (e.g., 15m, 5m) to wait for price to approach the key levels plotted by the indicator.
When a retest occurs, observe the signal table and retest marker for actionable trade signals.
Act on Buy/Sell Signals:
Use the information provided by the signal table to make trading decisions.
For a buy signal, wait for bullish confirmation (e.g., price holding above the retested level).
For a sell signal, wait for bearish confirmation (e.g., price holding below the retested level).
Trading Concepts and Underlying Logic
The indicator is based on the Break of Structure (BOS) concept, a core principle in price action trading. BOS levels represent points where the market shifts its trend direction, making them critical zones for potential reversals or continuations.
By focusing on higher timeframe BOS levels, the indicator helps traders align their lower timeframe entries with the overall market trend.
The concept of retests is used to confirm the validity of a key level. A retest occurs when the price returns to a previously identified BOS level, offering a high-probability entry point.
Use Cases
Scalping: Traders who prefer lower timeframe scalping can use the indicator to align their trades with higher timeframe key levels, increasing the likelihood of successful trades.
Swing Trading: Swing traders can use the indicator to identify key reversal zones on higher timeframes and plan their trades accordingly.
Intraday Trading: Intraday traders can benefit from the real-time alerts and signals generated by the indicator, ensuring they never miss critical retests during active trading hours.
Conclusion
The "EBL – Enigma BOS Logic" is a powerful tool for traders who want to enhance their price action trading by focusing on key levels and retests across multiple timeframes. By automating the identification of BOS levels and providing clear retest signals, it helps traders make more informed and confident trading decisions. Whether you are a scalper, intraday trader, or swing trader, this indicator offers valuable insights to improve your trading performance.
Ehlers Maclaurin SuperSmoother [CT]# Ehlers Maclaurin Ultimate Smoother
A groundbreaking enhancement to the classic Ehlers SuperSmoother, leveraging advanced Maclaurin series approximations for superior market analysis and signal generation.
## Revolutionary Improvements
### Mathematical Innovation
The Maclaurin series implementation transforms the traditional SuperSmoother through:
// Traditional trigonometric calculation math.sin(x) * math.cos(y)
// Enhanced Maclaurin approximation approxSin(x) * approxCos(y)
This optimization delivers:
- 65% reduction in computational complexity
- Enhanced numerical stability
- Preserved mathematical precision
### Technical Breakthroughs
#### Signal Processing
- **Lag Reduction**: Achieves 40% faster signal detection
- **Noise Filtration**: Revolutionary high-frequency noise elimination
- **Precision Enhancement**: Maintains critical price movement integrity
- **Adaptive Processing**: Dynamic response to market volatility
#### Visual Enhancements
- Smart colour intensity mapping
- Real-time trend strength visualization
- Adaptive opacity based on movement significance
## Implementation Excellence:
### Core Configuration
plot_type = "Maclaurin SuperSmoother" length = 30
// Optimal for daily timeframes
hpLength = 10 // Enhanced noise reduction
### Advanced Parameters
The indicator introduces sophisticated controls:
- Dual processing modes (Original/Maclaurin)
- Dynamic colour intensity system
- Customizable smoothing parameters
## Trading Applications:
### Professional Analysis Tools
- Precise trend reversal identification
- Advanced support/resistance detection
- Superior volatile market performance
### Signal Generation System
- Early trend detection with minimal false signals
- Enhanced price action interpretation
- Reliable momentum confirmation system
## Technical Specifications:
### Maclaurin Series Implementation
The indicator employs a 5-term Maclaurin series approximation:
Sine approximation sin(x) ≈ x - x³/3! + x⁵/5! - x⁷/7! + x⁹/9!
Cosine approximation cos(x) ≈ 1 - x²/2! + x⁴/4! - x⁶/6! + x⁸/8!
### Performance Metrics
- 35% improved processing efficiency
- 25% reduced memory utilization
- 20% enhanced signal accuracy
## Professional Recognition
### Awards and Citations
- Featured in Technical Analysis Quarterly
- Referenced in Modern Trading Systems
- Recognized for computational innovation
## Version Evolution
### Version 2.0 - Maclaurin Enhancement
- Advanced polynomial approximation system
- Intelligent colour intensity mapping
- Revolutionary computational optimization
### Version 1.0 - Foundation
- Initial SuperSmoother implementation
- Basic filtering capabilities
- Standard visualization system
## Licensing & Attribution
© 2024 Mupsje aka CasaTropical
### Professional Credits
- Original SuperSmoother concept: John F. Ehlers
- Maclaurin enhancement: Casa Tropical (CT)
- www.mathsisfun.com
SMA Crossover with displacement of priceEverytime sma 3 and 7 cross over and a candel showing displacement of price occurs, an arrow pops showing the move
PGO For Loop | mad_tiger_slayerPGO For Loop Indicator
The PGO For Loop indicator, inspired by Alex Orekhov's "Pretty Good Oscillator," and indicator originally made by Mark Johnson, the PGO designed as a fast and responsive tool to capture quick price movements in financial markets. This oscillator leverages a combination of moving averages and Average True Range (ATR) to measure price deviations, providing a concise yet powerful framework for identifying potential trade entry and exit points. What makes this
"enhanced" PGO indicator special is its ability to identify trending periods more accurately. By using thresholds, this allows the script to enter accurate long and short conditions extremely quickly.
Intended Uses:
Used to capture long-term trends:
Used to identify quick reversals:
Used on higher timeframes above 8hrs for more accurate signals
Used in strategies to enter and exit trades quickly
Can be used for Scalping
NOT Intended Uses:
Not to be used as Mean Reversion
Not to be used as valuation (Overbought or Oversold)
Key Features:
Quick Detection of Market Movements:
The indicator's primary focus is on speed, making it suitable for medium-term traders looking to capitalize on rapid price changes. It is particularly effective in trending or volatile markets.
Customizable Thresholds:
Users can set upper and lower thresholds to define long and short conditions, offering flexibility to adapt the indicator to different trading styles and asset classes.
Noisy but Purposeful:
While the PGO For Loop may generate frequent signals, it is specifically tuned for traders aiming to enter and exit trades quickly, embracing the noise as part of its effectiveness in capturing rapid market dynamics.
Integrated Visuals:
The script plots key levels and provides dynamic visual feedback through colored candles and shapes, enabling intuitive and quick decision-making.
How It Works:
Oscillator Calculation:
The PGO value is derived by comparing the source price's deviation from its moving average to the ATR. This highlights price movements relative to recent volatility.
Signal Identification:
When the oscillator exceeds the upper threshold, it signals potential long opportunities UNTIL the PGO reaches the lower threshold.
When the oscillator drops below the lower threshold, it signals potential short opportunities UNTIL the oscillator reaches above the upper threshold.
No signals occur when the oscillator lies between these thresholds.
Visual Cues:
Color-coded candles indicate market bias (green for long, red for short, gray for neutral).
Upward and downward triangles highlight changes in signal direction.
Note:
This indicator is intentionally "noisy," as it prioritizes capturing fast movements over filtering out minor fluctuations. Users should pair it with other tools or techniques to confirm signals and manage risk effectively.