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Adaptive Trend Breaks Adaptive Trend Breaks ## WHAT IT DOES This script is a modified and enhanced version of "Trendline Breakouts With Targets" concept by ChartPrime. Adaptive Trend Breaks (ATB) is a trendline breakout system optimized for scalping liquid futures contracts. The indicator automatically draws dynamic support and resistance trendlines based on pivot points, then generates trade signals when price breaks through these levels with confirmation filters. It includes automated target and stop-loss placement with real-time P&L tracking in dollars. ## HOW IT WORKS **Trendline Detection Method:** The indicator uses pivot high/low detection to identify significant price turning points. When a new pivot forms, it calculates the slope between consecutive pivots to draw dynamic trendlines. These lines extend forward based on the established trend angle, creating actionable support and resistance zones. **Band System:** Around each trendline, the script creates a "band" using a volatility-adjusted calculation: `ATR(14) * 0.2 * bandwidth multiplier / 2`. This adaptive band accounts for current market conditions - wider during volatile periods, tighter during quiet markets. **Breakout Logic:** A breakout signal triggers when: 1. Price closes beyond the trendline + band zone 2. Volume exceeds the 20-period moving average by your set multiplier (default 1.2x) 3. Price is within Regular Trading Hours (9:30-16:00 EST) if session filter enabled 4. Current ATR meets minimum volatility threshold (prevents trading dead markets) **Target & Stop Calculation:** Upon breakout confirmation: - **Entry**: Trendline breach point - **Target**: Entry ± (bandwidth × target multiplier) - default 8x for quick scalps - **Stop**: Entry ± (bandwidth × stop multiplier) - default 8x for 1:1 risk/reward - Multipliers adjust automatically to market volatility through the ATR-based band **P&L Conversion:** The script converts point movements to dollars using: ``` Dollar P&L = (Price Points × Contract Point Value × Quantity) ``` For example, a 10-point NQ move with 2 contracts = 10 × $20 × 2 = $400 ## HOW TO USE IT **Setup:** 1. Select your instrument (NQ/ES/YM/RTY) - point values auto-configure 2. Set contract quantity for accurate dollar P&L 3. Choose pivot period (lower = more signals but more noise, default 5 for scalping) 4. Adjust bandwidth multiplier if trendlines are too tight/loose (1-5 range) **Filters Configuration:** - **Volume Filter**: Requires breakout volume > moving average × multiplier. Increase multiplier (1.5-2.0) for higher conviction trades - **Session Filter**: Enable to trade only RTH. Disable for 24-hour trading - **ATR Filter**: Prevents signals during low volatility. Increase minimum % for more active markets only **Risk Management:** - Set target/stop multipliers based on your risk tolerance - 8x bandwidth = approximately 1:1 risk/reward for most liquid futures - Enable trailing stops for trend-following approach (moves stop to protect profits) - Adjust line length to see targets further into the future **Statistics Table:** - Choose timeframe to analyze: all-time, today, this week, custom days - Monitor win rate, profit factor, and net P&L in dollars - Track long vs short performance separately - See real-time unrealized P&L on active trades **Reading Signals:** - **Green triangle below bar** = Long breakout (resistance broken) - **Red triangle above bar** = Short breakout (support broken) - **White dashed line** = Entry price - **Orange line** = Take profit target with dollar value - **Red line** = Stop loss with dollar value - **Green checkmark (✓)** = Target hit, winning trade - **Red X (✗)** = Stop hit, losing trade ## WHAT IT DOES NOT DO **Limitations to Understand:** - Does not predict future trendline formations - it reacts to breakouts after they occur - Historical trendlines disappear after breakout (not kept on chart for clarity) - Requires sufficient volatility - may not signal in extremely quiet markets - Volume filter requires exchange volume data (not available on all symbols) - Statistics are indicator-based simulations, not actual trading results - Does not account for slippage, commissions, or order fills ## BEST PRACTICES **Recommended Settings by Market:** - **NQ (Nasdaq)**: Default settings work well, consider volume multiplier 1.3-1.5 - **ES (S&P 500)**: Slightly slower, try period 7-8, volume 1.2 - **YM (Dow)**: Lower volatility, reduce bandwidth to 1.5-2 - **RTY (Russell)**: Higher volatility, increase bandwidth to 3-4 **Risk Management:** - Never risk more than 2-3% of account per trade - Use contract quantity calculator: Max Risk $ ÷ (Stop Distance × Point Value) - Start with 1 contract while learning the system - Backtest your specific timeframe and instrument before live trading **Optimization Tips:** - Increase pivot period (7-10) for fewer but higher-quality signals - Raise volume multiplier (1.5-2.0) in choppy markets - Lower target/stop multipliers (5-6x) for tighter profit taking - Use trailing stops in strong trending conditions - Disable session filter for overnight gaps and Asia session moves ## TECHNICAL DETAILS **Key Calculations:** - Pivot Detection: `ta.pivothigh(high, period, period/2)` and `ta.pivotlow(low, period, period/2)` - Slope Calculation: `(newPivot - oldPivot) / (newTime - oldTime)` - Adaptive Band: `min(ATR(14) * 0.2, close * 0.002) * multiplier / 2` - Breakout Confirmation: Price crosses trendline + 10% of band threshold **Data Requirements:** - Minimum bars in view: 500 for proper pivot calculation - Volume data required for volume filter accuracy - Intraday timeframes recommended (1min - 15min) for scalping - Works on any timeframe but optimized for fast execution **Performance Metrics:** All statistics calculate based on indicator signals: - Tracks every signal as a trade from entry to TP/SL - P&L in actual contract dollar values - Win rate = (Winning trades / Total trades) × 100 - Profit factor = Gross profit / Gross loss - Separates long/short performance for bias analysis ## IDEAL FOR - Futures scalpers and day traders - Traders who prefer visual trendline breakouts - Those wanting automated TP/SL placement - Traders tracking performance in dollar terms - Multiple timeframe analysis (compare 1min vs 5min signals) ## NOT SUITABLE FOR - Swing trading (targets too close) - Stocks/forex without modifying point values - Extremely low timeframes (<30 seconds) - too much noise - Markets without volume data if using volume filter - Illiquid contracts (signals may not execute at shown prices) --- **Settings Summary:** - Core: Period, bandwidth, extension, trendline style - Filters: Volume, RTH session, ATR volatility - Risk: R:R ratio, target/stop multipliers, trailing stop - Display: Stats table position, size, colors - Stats: Timeframe selection (all-time to custom days) **License:** This indicator is published open-source under Mozilla Public License 2.0. You may use and modify the code with proper attribution. **Disclaimer:** This indicator is for educational purposes. Past performance does not guarantee future results. Always practice proper risk management and test thoroughly before live trading. --- ## CREDITS & ATTRIBUTION This script builds upon the "Trendline Breakouts With Targets" concept by ChartPrime with significant enhancements: **Major Improvements Added:** - **Futures-Specific Calculations**: Automated dollar P&L conversion using actual contract point values (NQ=$20, ES=$50, YM=$5, RTY=$50) - **Advanced Statistics Engine**: Comprehensive performance tracking with customizable timeframe analysis (today, week, month, custom ranges) - **Multi-Layer Filtering System**: Volume confirmation, RTH session filter, and ATR volatility filter to reduce false signals - **Professional Trade Management**: Enhanced visual trade tracking with separate TP/SL lines, dollar value labels, and optional trailing stops - **Optimized for Scalping**: Faster pivot periods (5 vs 10), tighter bands, and reduced extension bars for quick entries Original trendline detection methodology by ChartPrime - used with modification under Mozilla Public License 2.0.
Pine Script® göstergesi
TradeManager_PRO tarafından
Daytrade Forex Scalper TwinPulse Auction Timer IndicatorWhat this indicator is TwinPulse Auction Timer is a multi component execution aid designed for liquid markets. It looks for two families of opportunities Breakouts that leave a compression area after a fresh sweep Reversals that trigger after a sweep with strong wick polarity It does not try to predict future prices. It measures present auction conditions with transparent rules and shows you when those conditions align. You get a simple table that says LONG SHORT or WAIT, optional session shading, clean entry and exit level visuals, and alerts you can wire to your workflow. Why it is different Most tools show a single signal. TwinPulse combines several independent signals into an Edge Score that you can tune. The components are • Pulse. A signed measure of wick asymmetry with candle body direction • Compression. Current true range compared with an average range • Sweep timer. Bars elapsed since the most recent sweep of a prior high or low • Bias. Direction of a higher timeframe candle • Regime. Efficiency ratio and the relation of micro to macro volatility • Location. Distance from the daily anchored VWAP • Session. London and New York filter by time windows Each component is visible in the inputs and in the table so you can understand why a suggestion appears. The script uses request.security() with lookahead off in all calls so it does not peek into the future. Shapes may move while a bar is open since price is still forming. They stop moving when the bar closes. What you will see on the chart • L and S shapes on entry bars • An Exit shape at the price where a stop or the runner target would have been hit • Four horizontal lines while a trade is active Entry Stop TP1 at one R TP2 at the runner target expressed in R • Labels anchored to each line so you can instantly read Entry SL TP1 and TP2 with current values • Optional shading during your session windows • Optional daily VWAP line The table in the top right shows Action LONG SHORT IN LONG IN SHORT or WAIT Session ON or OFF Bias UP DOWN or FLAT Pulse value Compression value Edge L percent and Edge S percent How it works in detail Pulse For each bar the script measures up wick minus down wick divided by range and multiplies that by the sign of the candle body. The result is averaged with pulse_len. Positive numbers indicate aggressive buying. Negative numbers indicate aggressive selling. You control the minimum absolute value with pulse_thr. Compression Compression is the ratio of current range to an average range. You can choose the range basis. HL SMA uses simple high minus low smoothed by range_len. ATR uses classic True Range smoothed by atr_len. Values below comp_thr indicate a coil. Sweeps and the timer A sweep occurs when price trades beyond the highest high or lowest low seen in the previous sweep_len bars. A strict sweep requires a close back inside that prior range. The timer measures how many bars have elapsed since the last sweep. Breakout setups require the timer to exceed timer_thr. Bias on a confirmation timeframe A higher timeframe candle is read with confirm_tf. If close is above open bias is UP. If close is below open bias is DOWN. This keeps breakouts aligned with the prevailing drift. Regime filters Efficiency ratio measures the straight line change over the sum of absolute bar to bar changes over er_len. It rises in trendy conditions and falls in noise. Minimum efficiency is controlled by er_min. Micro to macro volatility ratio compares a short lookback average range with a longer lookback average range using your chosen basis. For breakouts you usually want micro volatility to be near or above macro hence mvr_min. For reversals you often want micro volatility that is not overheated relative to macro hence mvr_max_rev. VWAP distance gate Daily anchored VWAP is rebuilt from the open of each session. The script computes the absolute distance from VWAP in units of your average range and requires that distance to exceed vwap_dist_thr when use_vwap_gate is true. This keeps entries away from the mean. Edge Score Each gate contributes a weight that you control. The script sums weights of the satisfied gates and divides by the sum of all weights to produce an Edge percent for long and an Edge percent for short. You can then require a minimum Edge percent using edge_min_pct. This turns the indicator into a step by step checklist that you can tune to your taste. Using the indicator step by step Choose markets and timeframes The logic is designed for liquid instruments. Major currency pairs, index futures and cash index CFDs, and the most liquid crypto pairs work well. On intraday use one to fifteen minutes for signals and fifteen to sixty minutes for confirmation. On swing use one hour to one day for signals and one day for confirmation. Decide on entry mode Breakouts require a compression area and a sweep timer. Reversals require a strict sweep and a strong pulse. If you are unsure leave the default which allows both. Pick a range basis For FX and crypto HL SMA is often stable. For indices and single name equities with gaps ATR can adapt better. If results look too reactive increase the window. If results are too slow reduce it. Tune regime filters If you trade trend continuation raise er_min and mvr_min. If you trade counter rotation lower them and rely on the reversal path with the strict sweep condition. Set the VWAP gate Enabling it helps you avoid entries at the mean. Push the threshold higher on range bound days. Reduce it in strong trend days. Table driven decision Watch Action and the Edge percents. If the script says WAIT you can read Pulse and Compression to see what is missing. Often the best trades appear when both Edge percents are well separated and your session switch is ON. Use the visuals When a suggestion triggers you will see entry stop and targets. You can mirror the levels in your own workflow or use alerts. Consider bar close Signals are computed in real time. For a strict process you can wait until the bar closes to reduce noise. Inputs explained with quick guidance Setup Signal TF chooses where the logic is computed. Leave blank to use the chart. Confirm TF sets the higher timeframe for bias. Session filter restricts signals to the London and New York windows you specify. Invert flips long and short. It is useful on inverse instruments. Logic options Entry mode allows Breakouts Reversals or Both. Average range basis selects HL SMA or ATR. ATR length is used when ATR is selected. Pulse source can be Regular OHLC or Heikin Ashi. Heikin Ashi smooths noisy series, but the script still runs on regular bars and you should publish and use it on standard candles to respect the platform guidance. Core numeric settings Sweep lookback controls the size of the liquidity pool targeted by the sweep condition. Pulse window smooths the wick polarity measure. Average range window controls your base range when you use HL SMA. Pulse threshold sets the minimum polarity required. Compression threshold sets the maximum current range relative to average to consider the market coiled. Expansion timer bars sets how much time has passed since the last sweep before you allow a breakout. Regime filters Efficiency ratio length and minimum value keep you out of aimless drift. Micro and Macro range lengths feed the micro to macro ratio. Minimum micro to macro for breakouts and maximum micro to macro for reversals steer the two entry families. VWAP gate and distance threshold keep you away from the mean. Levels and trade management visuals Runner target in R sets TP2 as a multiple of initial risk. Stop distance as average range multiple sets initial risk size for the visuals. Move stop to entry after one R touch turns on break even logic once price has traveled one risk unit. Trail buffer as R fraction uses the last sweep as an anchor and keeps a dynamic stop at a chosen fraction of R beyond it. Cooldown after exit prevents immediate re entries. Edge Score Weights for pulse compression timer bias efficiency ratio micro to macro VWAP gate and session let you align the checklist with your style. Minimum Edge percent to suggest applies a final filter to LONG or SHORT suggestions. UI Table and markers switch the compact dashboard and the shapes. TP and SL lines and labels draw and name each level. TP1 partial label percent is printed in the TP1 label for clarity. Session shading helps with focus. Daily VWAP line is optional. Alerts The script provides alerts for Long Short Exit and for Edge percent crossing the threshold on either side. Use them to drive notifications or to sync with webhooks and your broker integration. Alerts trigger in real time and will repaint during a bar. For conservative use trigger on bar close. Recommended presets Intraday trend continuation Confirm TF fifteen minutes Entry mode Breakouts Range basis HL SMA Pulse threshold near 0.10 Compression threshold near 0.60 Timer around 18 Minimum efficiency ratio near 0.20 Minimum micro to macro near 1.00 VWAP gate enabled with distance near 0.35 Edge minimum 50 or higher Intraday mean reversion at sweeps Entry mode Reversals Pulse source Regular OHLC Compression threshold can be a little higher Maximum micro to macro near 1.60 Efficiency ratio minimum lower near 0.12 VWAP gate enabled Edge minimum 40 to 60 Swing trend continuation Signal TF one hour Confirm TF one day Range basis ATR ATR length around 14 Average range window 20 to 30 Efficiency ratio minimum near 0.18 Micro to macro windows 12 and 60 Edge minimum 50 to 70 These are starting points only. Your instrument and timeframe will require small adjustments. Limitations and honest warnings No indicator is perfect. TwinPulse will mark attractive conditions that do not always lead to profitable trades. During economic releases or very thin liquidity the assumptions behind compression and sweeps may fail. In strong gap environments the HL SMA basis may lag while ATR may overreact. Heikin Ashi pulse can help in choppy markets but it will lag during sharp reversals. Session times use the exchange time of your chart. If you switch symbol or exchange verify the windows. Edge percent is not a probability of profit. It is the fraction of satisfied gates with your chosen weights. Two traders can set different weights and see different Edge readings on the same bar. That is the design. The score is a guide that helps you act with discipline. This indicator does not place orders or manage real risk. The lines and labels show a model entry a model stop and two model targets built from the average range at entry and from recent swing points. Use them as references and not as hard rules. Always test on historical data and demo first. Past results do not guarantee anything in the future. Credits and originality All code in this publication is original and written for this indicator. The concept of the efficiency ratio originates from Perry Kaufman. The use of a daily anchored volume weighted average price is a standard industry tool. The specific combination of pulse from wick polarity strict sweep timing compression and the tunable Edge Score is unique to this script at the time of publication. If you reuse parts of the open source code in your own work remember to credit the author and contribute meaningful improvements. How to read the table at a glance Action reflects your current state. IN LONG or IN SHORT appears while a trade is active. LONG or SHORT appears when conditions for entry are met and the Edge threshold is satisfied. WAIT appears when at least one gate is missing. Session shows ON during your chosen windows. Bias shows the color of the confirmation candle. Pulse is the smoothed polarity number. Comp shows current range divided by the average range. Values below one mean compression. Edge L percent and Edge S percent show the long and short checklists as percents. Final thoughts Markets move because orders accumulate at certain prices and at certain times. The indicator tries to measure two things that often matter at those turning points. One is the existence of a hidden imbalance revealed by wick polarity and by sweeps of prior extremes. The other is the presence of energy stored in a coil that can release in the direction of a drift. Neither force guarantees profit. Together they can improve your selection and your timing. Use the defaults for a few days so you learn the personality of the signals. After that adjust one group at a time. Start with the session filter and the Edge threshold. Then tune compression and the timer. Finally adjust the regime filters. Keep notes. You will learn which weights matter for your market and timeframe. The result is a process you can apply with consistency. Disclaimer This script and description are for education and analysis. They are not investment advice and they do not promise future results. Use at your own risk. Test thoroughly on historical data and in simulation before considering any live use.
Pine Script® göstergesi
exlux tarafından
TwinPulse Q Lead SPY x QQQ Intermarket Pulse 1HTwinPulse Q Lead is a concise one hour indicator for SPY and QQQ that converts three sources of market information into a single pulse line, a mode readout with BUY SELL WAIT, and compact alerts. It blends intermarket leadership between QQQ and SPY, intraday flow from the slope of session VWAP, and where the current price sits inside the regular trading hours range. The three components are normalized, fused, compressed to a stable range, and smoothed for clear thresholds. The aim is a readable intraday regime signal that helps you decide when to participate and when to stand aside. The script is built with Pine v6, uses request security with lookahead off, and does not repaint. It is an indicator, not a strategy. It does not contain any solicitation, links, or outside references. The description is self contained and explains both logic and use so that any trader can understand the design without reading code. What makes this original and useful Intermarket leadership is measured directly from QQQ and SPY on your working timeframe using a Z score of the return spread. When growth is leading value heavy large caps, leadership turns positive. When it lags, leadership turns negative. This gives a real time read of the Nasdaq versus S and P tug of war that most day traders watch informally. Intraday flow is taken from the slope of the session VWAP. A linear regression of VWAP over a short window captures whether value is rising or falling inside the day. Dividing by ATR normalizes slope by typical movement so that the signal is comparable across weeks. Session position places price inside the current regular hours high to low. It answers whether the day is trading in the top half, the bottom half, or the middle. This is a simple but powerful context filter for breakouts and fades. The three components are fused into one pulse, compressed with either hyperbolic tangent or softsign to keep values bounded, and then smoothed by a short EMA. This yields a stable range with a zero line so the eye can read shifts quickly. The panel shows a human readable mode with reasons and a strength score. Traders who do not want to read lines can rely on a simple state and a compact justification that explains why the state is set. This is not a mashup that simply overlays unrelated indicators. Each component was chosen to answer a distinct question that is common to SPY and QQQ intraday decision making. Leadership answers who is in charge, flow answers whether value inside the session is building or leaking, and position answers if price is pressing the extremes or circling the middle. The pulse ties the three together and prevents any single component from dominating. How the calculations work Leadership. Compute a short rate of change for SPY and QQQ. Subtract SPY from QQQ to get spread returns, then compute a rolling Z score over a longer window. Positive values mean QQQ is leading. Negative values mean SPY is leading. Flow. Compute session VWAP on the active symbol. Regress VWAP over a short window to obtain a slope estimate. Divide by ATR to scale slope by current volatility so that a small rise on a quiet day is not treated the same as a small rise on a wild day. Position. Track the highest high and lowest low since the start of regular hours. Place the current close inside that range on a zero to one scale, then recenter to a minus one to plus one scale. Positive means the top half of the day, negative means the bottom half. Fusion. Multiply each component by a weight so users can emphasize or de emphasize leadership, flow, or position. Sum to a raw pulse. Compression. Pass the raw pulse through a bounded function. Hyperbolic tangent is smooth and has natural saturation near the extremes. Softsign is faster and behaves like a smoother version of sign near zero. Compression avoids unbounded excursions and makes thresholds meaningful across days. Smoothing. Apply a short EMA to the compressed pulse to reduce noise. This creates the main line called TwinPulse in the plot. Thresholds. You can use static symmetric levels or adaptive levels. The adaptive option computes a mean and a standard deviation of the smoothed pulse over a user window, then sets upper and lower thresholds as mean plus or minus sigma times standard deviation. This allows thresholds to adjust across regimes. Static levels are still available for traders who want repeatable levels. Events and mode. A long event fires when the smoothed pulse crosses the upper threshold with positive flow and any optional filters agree. A short event fires on the symmetric condition. The mode reads the current state rather than fire and forget. It returns BUY when the smoothed pulse is above the upper threshold with positive flow, SELL when the smoothed pulse is below the lower threshold with negative flow, otherwise WAIT. A cooldown controls how often events can fire so alerts do not spam during choppy periods. Inputs and default values The script ships with defaults chosen for SPY and QQQ on one hour charts. Symbols. SPY and QQQ by default. You can switch to any pair. Many users may test IWM versus SPY for small cap reads. Regular hours selector. On by default. This restricts the position factor to New York regular hours. Turn it off if you prefer full session behavior. ROC length is three bars. Z score length is fifty bars. VWAP slope window is ten bars. ATR length is fourteen bars. Pulse smoothing length is three bars. Compression mode. Choose hyperbolic tangent or softsign. Hyperbolic tangent is default. Weights. Leadership and flow are one by default. Position is set to zero point seven to give a modest influence to where price sits inside the day. Thresholds. Adaptive thresholds are on by default with a lookback of one hundred bars and a sigma width of zero point eight. Static levels at plus or minus zero point six are ready if you disable adaptive mode. Filters. ADX filter is off by default. If you enable it, the script requires ADX above a user minimum before it will signal. Higher time frame confirmation is off by default. When enabled it compares the smoothed pulse on the confirm timeframe to zero and requires alignment for longs or shorts. Cooldown. Three bars by default so that alerts do not trigger too frequently. UI. Bar coloring is on by default. The panel is on by default and sits at the top right. All request security calls use lookahead off and will not request future data. All persistent state variables are assigned in a way that prevents repainting. The indicator does not use non standard chart types in its logic. How to use the indicator Load a one hour chart of SPY or QQQ. Keep a clean chart so that the script output is easy to read. Turn on regular hours if you want the session position to reflect the cash session. This is recommended for SPY and QQQ. Watch the panel. Mode reads BUY or SELL or WAIT. The strength value is a simple vote based score that ranges from zero to one hundred. It counts leadership, flow, ADX if enabled, and higher time frame confirmation if enabled. You can use strength to filter weak states. Consider action only when mode is BUY or SELL and the signal has not just fired on the last bar. The triangles mark where an event fired. Alerts use the same logic as the events. WAIT means stand aside. To slow the system, enable ADX and set a higher minimum or enable higher time frame confirmation. To speed it up, disable the filters, disable adaptive thresholds, or tighten the sigma width. When publishing, use a clean chart with only this indicator. Show the symbol and timeframe clearly and make sure the plot legend is visible. If you add drawings on the chart, only include ones that help readers understand the output. Publication notes and compliance This description is written in English. The title uses ASCII and only uses capital letters for common abbreviations. The script is original and explains how and why the components work together. There are no links or promotional material. The script does not claim performance. It does not use lookahead. The panel and alerts exist to help a human read and act with discipline. The indicator can be published as open source or as protected. If you choose protected, the description still allows readers to understand how the logic works without access to the code. If you later convert the logic into a strategy for publication, use realistic commission and slippage, risk no more than a small share of equity per trade, and choose a dataset that yields a large enough sample. Explain any deviations from these default recommendations in your strategy description. Do not publish results from non standard chart types since they can mislead readers on signal timing. Limitations and risks Intermarket leadership is a relative measure. There are hours when both SPY and QQQ fall while leadership remains positive. Treat leadership as a context, not a stand alone trigger. VWAP slope is a path measure inside the session. It can flip several times on a choppy day. That is why the script uses a short smoothing and an optional cooldown. Use ADX or higher time frame confirmation to avoid the worst chop. Session position assumes a meaningful regular hours range. On half days or around openings with gaps the position factor can be less informative. If this bothers you, reduce the weight of position or turn it off. Compression and smoothing introduce lag by design. The goal is stability and clarity. If you want earlier but noisier signals, reduce smoothing and weights, and use static thresholds. No indicator guarantees future results. TwinPulse Q Lead is a decision aid. It should be combined with your risk rules, position size policy, and a clear exit plan. Past behavior is not a promise for the future. Frequently asked questions What symbols are supported. Any symbol can be used as the chart symbol. Leadership uses the two user symbols which default to SPY and QQQ. Many traders may try IWM versus SPY or DIA versus SPY. Can I change the timeframe. Yes, but the design target is one hour. On very short timeframes the VWAP slope becomes very sensitive and you should consider stronger filters. Does the script repaint. No. It uses request security with lookahead off and the panel updates on the last bar only. Events are based on bar close conditions unless you attach alerts on any alert function call which will still respect the logic without looking into the future. How are the strength numbers built. The strength score is the share of aligned votes across leadership, flow, ADX if enabled, and higher time frame confirmation if enabled. A value near one hundred means many filters agree. A value near fifty means partial alignment. It is not a probability or an accuracy number. Can I use non standard chart types. You can view the indicator on them but do not publish signals from non standard chart types because that can mislead readers about timing. Use classic candles or bars when you publish and when you test. Why do I sometimes see BUY but the price is not moving. A BUY mode requires pulse above the upper threshold and positive flow. It does not require higher highs immediately. Treat BUY as a permission to look for entries using your own execution rules.
Pine Script® göstergesi
exlux tarafından
2
BOCS Channel Scalper Indicator - Mean Reversion Alert System# BOCS Channel Scalper Indicator - Mean Reversion Alert System ## WHAT THIS INDICATOR DOES: This is a mean reversion trading indicator that identifies consolidation channels through volatility analysis and generates alert signals when price enters entry zones near channel boundaries. **This indicator version is designed for manual trading with comprehensive alert functionality.** Unlike automated strategies, this tool sends notifications (via popup, email, SMS, or webhook) when trading opportunities occur, allowing you to manually review and execute trades. The system assumes price will revert to the channel mean, identifying scalp opportunities as price reaches extremes and preparing to bounce back toward center. ## INDICATOR VS STRATEGY - KEY DISTINCTION: **This is an INDICATOR with alerts, not an automated strategy.** It does not execute trades automatically. Instead, it: - Displays visual signals on your chart when entry conditions are met - Sends customizable alerts to your device/email when opportunities arise - Shows TP/SL levels for reference but does not place orders - Requires you to manually enter and exit positions based on signals - Works with all TradingView subscription levels (alerts included on all plans) **For automated trading with backtesting**, use the strategy version. For manual control with notifications, use this indicator version. ## ALERT CAPABILITIES: This indicator includes four distinct alert conditions that can be configured independently: **1. New Channel Formation Alert** - Triggers when a fresh BOCS channel is identified - Message: "New BOCS channel formed - potential scalp setup ready" - Use this to prepare for upcoming trading opportunities **2. Long Scalp Entry Alert** - Fires when price touches the long entry zone - Message includes current price, calculated TP, and SL levels - Notification example: "LONG scalp signal at 24731.75 | TP: 24743.2 | SL: 24716.5" **3. Short Scalp Entry Alert** - Fires when price touches the short entry zone - Message includes current price, calculated TP, and SL levels - Notification example: "SHORT scalp signal at 24747.50 | TP: 24735.0 | SL: 24762.75" **4. Any Entry Signal Alert** - Combined alert for both long and short entries - Use this if you want a single alert stream for all opportunities - Message: "BOCS Scalp Entry: at " **Setting Up Alerts:** 1. Add indicator to chart and configure settings 2. Click the Alert (⏰) button in TradingView toolbar 3. Select "BOCS Channel Scalper" from condition dropdown 4. Choose desired alert type (Long, Short, Any, or Channel Formation) 5. Set "Once Per Bar Close" to avoid false signals during bar formation 6. Configure delivery method (popup, email, webhook for automation platforms) 7. Save alert - it will fire automatically when conditions are met **Alert Message Placeholders:** Alerts use TradingView's dynamic placeholder system: - {{ticker}} = Symbol name (e.g., NQ1!) - {{close}} = Current price at signal - {{plot_1}} = Calculated take profit level - {{plot_2}} = Calculated stop loss level These placeholders populate automatically, creating detailed notification messages without manual configuration. ## KEY DIFFERENCE FROM ORIGINAL BOCS: **This indicator is designed for traders seeking higher trade frequency.** The original BOCS indicator trades breakouts OUTSIDE channels, waiting for price to escape consolidation before entering. This scalper version trades mean reversion INSIDE channels, entering when price reaches channel extremes and betting on a bounce back to center. The result is significantly more trading opportunities: - **Original BOCS**: 1-3 signals per channel (only on breakout) - **Scalper Indicator**: 5-15+ signals per channel (every touch of entry zones) - **Trade Style**: Mean reversion vs trend following - **Hold Time**: Seconds to minutes vs minutes to hours - **Best Markets**: Ranging/choppy conditions vs trending breakouts This makes the indicator ideal for active day traders who want continuous alert opportunities within consolidation zones rather than waiting for breakout confirmation. However, increased signal frequency also means higher potential commission costs and requires disciplined trade selection when acting on alerts. ## TECHNICAL METHODOLOGY: ### Price Normalization Process: The indicator normalizes price data to create consistent volatility measurements across different instruments and price levels. It calculates the highest high and lowest low over a user-defined lookback period (default 100 bars). Current close price is normalized using: (close - lowest_low) / (highest_high - lowest_low), producing values between 0 and 1 for standardized volatility analysis. ### Volatility Detection: A 14-period standard deviation is applied to the normalized price series to measure price deviation from the mean. Higher standard deviation values indicate volatility expansion; lower values indicate consolidation. The indicator uses ta.highestbars() and ta.lowestbars() to identify when volatility peaks and troughs occur over the detection period (default 14 bars). ### Channel Formation Logic: When volatility crosses from a high level to a low level (ta.crossover(upper, lower)), a consolidation phase begins. The indicator tracks the highest and lowest prices during this period, which become the channel boundaries. Minimum duration of 10+ bars is required to filter out brief volatility spikes. Channels are rendered as box objects with defined upper and lower boundaries, with colored zones indicating entry areas. ### Entry Signal Generation: The indicator uses immediate touch-based entry logic. Entry zones are defined as a percentage from channel edges (default 20%): - **Long Entry Zone**: Bottom 20% of channel (bottomBound + channelRange × 0.2) - **Short Entry Zone**: Top 20% of channel (topBound - channelRange × 0.2) Long signals trigger when candle low touches or enters the long entry zone. Short signals trigger when candle high touches or enters the short entry zone. Visual markers (arrows and labels) appear on chart, and configured alerts fire immediately. ### Cooldown Filter: An optional cooldown period (measured in bars) prevents alert spam by enforcing minimum spacing between consecutive signals. If cooldown is set to 3 bars, no new long alert will fire until 3 bars after the previous long signal. Long and short cooldowns are tracked independently, allowing both directions to signal within the same period. ### ATR Volatility Filter: The indicator includes a multi-timeframe ATR filter to avoid alerts during low-volatility conditions. Using request.security(), it fetches ATR values from a specified timeframe (e.g., 1-minute ATR while viewing 5-minute charts). The filter compares current ATR to a user-defined minimum threshold: - If ATR ≥ threshold: Alerts enabled - If ATR < threshold: No alerts fire This prevents notifications during dead zones where mean reversion is unreliable due to insufficient price movement. The ATR status is displayed in the info table with visual confirmation (✓ or ✗). ### Take Profit Calculation: Two TP methods are available: **Fixed Points Mode**: - Long TP = Entry + (TP_Ticks × syminfo.mintick) - Short TP = Entry - (TP_Ticks × syminfo.mintick) **Channel Percentage Mode**: - Long TP = Entry + (ChannelRange × TP_Percent) - Short TP = Entry - (ChannelRange × TP_Percent) Default 50% targets the channel midline, a natural mean reversion target. These levels are displayed as visual lines with labels and included in alert messages for reference when manually placing orders. ### Stop Loss Placement: Stop losses are calculated just outside the channel boundary by a user-defined tick offset: - Long SL = ChannelBottom - (SL_Offset_Ticks × syminfo.mintick) - Short SL = ChannelTop + (SL_Offset_Ticks × syminfo.mintick) This logic assumes channel breaks invalidate the mean reversion thesis. SL levels are displayed on chart and included in alert notifications as suggested stop placement. ### Channel Breakout Management: Channels are removed when price closes more than 10 ticks outside boundaries. This tolerance prevents premature channel deletion from minor breaks or wicks, allowing the mean reversion setup to persist through small boundary violations. ## INPUT PARAMETERS: ### Channel Settings: - **Nested Channels**: Allow multiple overlapping channels vs single channel - **Normalization Length**: Lookback for high/low calculation (1-500, default 100) - **Box Detection Length**: Period for volatility detection (1-100, default 14) ### Scalping Settings: - **Enable Long Scalps**: Toggle long alert generation on/off - **Enable Short Scalps**: Toggle short alert generation on/off - **Entry Zone % from Edge**: Size of entry zone (5-50%, default 20%) - **SL Offset (Ticks)**: Distance beyond channel for stop (1+, default 5) - **Cooldown Period (Bars)**: Minimum spacing between alerts (0 = no cooldown) ### ATR Filter: - **Enable ATR Filter**: Toggle volatility filter on/off - **ATR Timeframe**: Source timeframe for ATR (1, 5, 15, 60 min, etc.) - **ATR Length**: Smoothing period (1-100, default 14) - **Min ATR Value**: Threshold for alert enablement (0.1+, default 10.0) ### Take Profit Settings: - **TP Method**: Choose Fixed Points or % of Channel - **TP Fixed (Ticks)**: Static distance in ticks (1+, default 30) - **TP % of Channel**: Dynamic target as channel percentage (10-100%, default 50%) ### Appearance: - **Show Entry Zones**: Toggle zone labels on channels - **Show Info Table**: Display real-time indicator status - **Table Position**: Corner placement (Top Left/Right, Bottom Left/Right) - **Long Color**: Customize long signal color (default: darker green for readability) - **Short Color**: Customize short signal color (default: red) - **TP/SL Colors**: Customize take profit and stop loss line colors - **Line Length**: Visual length of TP/SL reference lines (5-200 bars) ## VISUAL INDICATORS: - **Channel boxes** with semi-transparent fill showing consolidation zones - **Colored entry zones** labeled "LONG ZONE ▲" and "SHORT ZONE ▼" - **Entry signal arrows** below/above bars marking long/short alerts - **TP/SL reference lines** with emoji labels (⊕ Entry, 🎯 TP, 🛑 SL) - **Info table** showing channel status, last signal, entry/TP/SL prices, risk/reward ratio, and ATR filter status - **Visual confirmation** when alerts fire via on-chart markers synchronized with notifications ## HOW TO USE: ### For 1-3 Minute Scalping with Alerts (NQ/ES): - ATR Timeframe: "1" (1-minute) - ATR Min Value: 10.0 (for NQ), adjust per instrument - Entry Zone %: 20-25% - TP Method: Fixed Points, 20-40 ticks - SL Offset: 5-10 ticks - Cooldown: 2-3 bars to reduce alert spam - **Alert Setup**: Configure "Any Entry Signal" for combined long/short notifications - **Execution**: When alert fires, verify chart visuals, then manually place limit order at entry zone with provided TP/SL levels ### For 5-15 Minute Day Trading with Alerts: - ATR Timeframe: "5" or match chart - ATR Min Value: Adjust to instrument (test 8-15 for NQ) - Entry Zone %: 20-30% - TP Method: % of Channel, 40-60% - SL Offset: 5-10 ticks - Cooldown: 3-5 bars - **Alert Setup**: Configure separate "Long Scalp Entry" and "Short Scalp Entry" alerts if you trade directionally based on bias - **Execution**: Review channel structure on alert, confirm ATR filter shows ✓, then enter manually ### For 30-60 Minute Swing Scalping with Alerts: - ATR Timeframe: "15" or "30" - ATR Min Value: Lower threshold for broader market - Entry Zone %: 25-35% - TP Method: % of Channel, 50-70% - SL Offset: 10-15 ticks - Cooldown: 5+ bars or disable - **Alert Setup**: Use "New Channel Formation" to prepare for setups, then "Any Entry Signal" for execution alerts - **Execution**: Larger timeframes allow more analysis time between alert and entry ### Webhook Integration for Semi-Automation: - Configure alert webhook URL to connect with platforms like TradersPost, TradingView Paper Trading, or custom automation - Alert message includes all necessary order parameters (direction, entry, TP, SL) - Webhook receives structured data when signal fires - External platform can auto-execute based on alert payload - Still maintains manual oversight vs full strategy automation ## USAGE CONSIDERATIONS: - **Manual Discipline Required**: Alerts provide opportunities but execution requires judgment. Not all alerts should be taken - consider market context, trend, and channel quality - **Alert Timing**: Alerts fire on bar close by default. Ensure "Once Per Bar Close" is selected to avoid false signals during bar formation - **Notification Delivery**: Mobile/email alerts may have 1-3 second delay. For immediate execution, use desktop popups or webhook automation - **Cooldown Necessity**: Without cooldown, rapidly touching price action can generate excessive alerts. Start with 3-bar cooldown and adjust based on alert volume - **ATR Filter Impact**: Enabling ATR filter dramatically reduces alert count but improves quality. Track filter status in info table to understand when you're receiving fewer alerts - **Commission Awareness**: High alert frequency means high potential trade count. Calculate if your commission structure supports frequent scalping before acting on all alerts ## COMPATIBLE MARKETS: Works on any instrument with price data including stock indices (NQ, ES, YM, RTY), individual stocks, forex pairs (EUR/USD, GBP/USD), cryptocurrency (BTC, ETH), and commodities. Volume-based features are not included in this indicator version. Multi-timeframe ATR requires higher-tier TradingView subscription for request.security() functionality on timeframes below chart timeframe. ## KNOWN LIMITATIONS: - **Indicator does not execute trades** - alerts are informational only; you must manually place all orders - **Alert delivery depends on TradingView infrastructure** - delays or failures possible during platform issues - **No position tracking** - indicator doesn't know if you're in a trade; you must manage open positions independently - **TP/SL levels are reference only** - you must manually set these on your broker platform; they are not live orders - **Immediate touch entry can generate many alerts** in choppy zones without adequate cooldown - **Channel deletion at 10-tick breaks** may be too aggressive or lenient depending on instrument tick size - **ATR filter from lower timeframes** requires TradingView Premium/Pro+ for request.security() - **Mean reversion logic fails** in strong breakout scenarios - alerts will fire but trades may hit stops - **No partial closing capability** - full position management is manual; you determine scaling out - **Alerts do not account for gaps** or overnight price changes; morning alerts may be stale ## RISK DISCLOSURE: Trading involves substantial risk of loss. This indicator provides signals for educational and informational purposes only and does not constitute financial advice. Past performance does not guarantee future results. Mean reversion strategies can experience extended drawdowns during trending markets. Alerts are not guaranteed to be profitable and should be combined with your own analysis. Stop losses may not fill at intended levels during extreme volatility or gaps. Never trade with capital you cannot afford to lose. Consider consulting a licensed financial advisor before making trading decisions. Always verify alerts against current market conditions before executing trades manually. ## ACKNOWLEDGMENT & CREDITS: This indicator is built upon the channel detection methodology created by **AlgoAlpha** in the "Smart Money Breakout Channels" indicator. Full credit and appreciation to AlgoAlpha for pioneering the normalized volatility approach to identifying consolidation patterns. The core channel formation logic using normalized price standard deviation is AlgoAlpha's original contribution to the TradingView community. Enhancements to the original concept include: mean reversion entry logic (vs breakout), immediate touch-based alert generation, comprehensive alert condition system with customizable notifications, multi-timeframe ATR volatility filtering, cooldown period for alert management, dual TP methods (fixed points vs channel percentage), visual TP/SL reference lines, and real-time status monitoring table. This indicator version is specifically designed for manual traders who prefer alert-based decision making over automated execution.
Pine Script® göstergesi
TradeManager_PRO tarafından
BOCS AdaptiveBOCS Adaptive Strategy - Automated Volatility Breakout System WHAT THIS STRATEGY DOES: This is an automated trading strategy that detects consolidation patterns through volatility analysis and executes trades when price breaks out of these channels. Take-profit and stop-loss levels are calculated dynamically using Average True Range (ATR) to adapt to current market volatility. The strategy closes positions partially at the first profit target and exits the remainder at the second target or stop loss. TECHNICAL METHODOLOGY: Price Normalization Process: The strategy begins by normalizing price to create a consistent measurement scale. It calculates the highest high and lowest low over a user-defined lookback period (default 100 bars). The current close price is then normalized using the formula: (close - lowest_low) / (highest_high - lowest_low). This produces values between 0 and 1, allowing volatility analysis to work consistently across different instruments and price levels. Volatility Detection: A 14-period standard deviation is applied to the normalized price series. Standard deviation measures how much prices deviate from their average - higher values indicate volatility expansion, lower values indicate consolidation. The strategy uses ta.highestbars() and ta.lowestbars() functions to track when volatility reaches peaks and troughs over the detection length period (default 14 bars). Channel Formation Logic: When volatility crosses from a high level to a low level, this signals the beginning of a consolidation phase. The strategy records this moment using ta.crossover(upper, lower) and begins tracking the highest and lowest prices during the consolidation. These become the channel boundaries. The duration between the crossover and current bar must exceed 10 bars minimum to avoid false channels from brief volatility spikes. Channels are drawn using box objects with the recorded high/low boundaries. Breakout Signal Generation: Two detection modes are available: Strong Closes Mode (default): Breakout occurs when the candle body midpoint math.avg(close, open) exceeds the channel boundary. This filters out wick-only breaks. Any Touch Mode: Breakout occurs when the close price exceeds the boundary. When price closes above the upper channel boundary, a bullish breakout signal generates. When price closes below the lower boundary, a bearish breakout signal generates. The channel is then removed from the chart. ATR-Based Risk Management: The strategy uses request.security() to fetch ATR values from a specified timeframe, which can differ from the chart timeframe. For example, on a 5-minute chart, you can use 1-minute ATR for more responsive calculations. The ATR is calculated using ta.atr(length) with a user-defined period (default 14). Exit levels are calculated at the moment of breakout: Long Entry Price = Upper channel boundary Long TP1 = Entry + (ATR × TP1 Multiplier) Long TP2 = Entry + (ATR × TP2 Multiplier) Long SL = Entry - (ATR × SL Multiplier) For short trades, the calculation inverts: Short Entry Price = Lower channel boundary Short TP1 = Entry - (ATR × TP1 Multiplier) Short TP2 = Entry - (ATR × TP2 Multiplier) Short SL = Entry + (ATR × SL Multiplier) Trade Execution Logic: When a breakout occurs, the strategy checks if trading hours filter is satisfied (if enabled) and if position size equals zero (no existing position). If volume confirmation is enabled, it also verifies that current volume exceeds 1.2 times the 20-period simple moving average. If all conditions are met: strategy.entry() opens a position using the user-defined number of contracts strategy.exit() immediately places a stop loss order The code monitors price against TP1 and TP2 levels on each bar When price reaches TP1, strategy.close() closes the specified number of contracts (e.g., if you enter with 3 contracts and set TP1 close to 1, it closes 1 contract). When price reaches TP2, it closes all remaining contracts. If stop loss is hit first, the entire position exits via the strategy.exit() order. Volume Analysis System: The strategy uses ta.requestUpAndDownVolume(timeframe) to fetch up volume, down volume, and volume delta from a specified timeframe. Three display modes are available: Volume Mode: Shows total volume as bars scaled relative to the 20-period average Comparison Mode: Shows up volume and down volume as separate bars above/below the channel midline Delta Mode: Shows net volume delta (up volume - down volume) as bars, positive values above midline, negative below The volume confirmation logic compares breakout bar volume to the 20-period SMA. If volume ÷ average > 1.2, the breakout is classified as "confirmed." When volume confirmation is enabled in settings, only confirmed breakouts generate trades. INPUT PARAMETERS: Strategy Settings: Number of Contracts: Fixed quantity to trade per signal (1-1000) Require Volume Confirmation: Toggle to only trade signals with volume >120% of average TP1 Close Contracts: Exact number of contracts to close at first target (1-1000) Use Trading Hours Filter: Toggle to restrict trading to specified session Trading Hours: Session input in HHMM-HHMM format (e.g., "0930-1600") Main Settings: Normalization Length: Lookback bars for high/low calculation (1-500, default 100) Box Detection Length: Period for volatility peak/trough detection (1-100, default 14) Strong Closes Only: Toggle between body midpoint vs close price for breakout detection Nested Channels: Allow multiple overlapping channels vs single channel at a time ATR TP/SL Settings: ATR Timeframe: Source timeframe for ATR calculation (1, 5, 15, 60, etc.) ATR Length: Smoothing period for ATR (1-100, default 14) Take Profit 1 Multiplier: Distance from entry as multiple of ATR (0.1-10.0, default 2.0) Take Profit 2 Multiplier: Distance from entry as multiple of ATR (0.1-10.0, default 3.0) Stop Loss Multiplier: Distance from entry as multiple of ATR (0.1-10.0, default 1.0) Enable Take Profit 2: Toggle second profit target on/off VISUAL INDICATORS: Channel boxes with semi-transparent fill showing consolidation zones Green/red colored zones at channel boundaries indicating breakout areas Volume bars displayed within channels using selected mode TP/SL lines with labels showing both price level and distance in points Entry signals marked with up/down triangles at breakout price Strategy status table showing position, contracts, P&L, ATR values, and volume confirmation status HOW TO USE: For 2-Minute Scalping: Set ATR Timeframe to "1" (1-minute), ATR Length to 12, TP1 Multiplier to 2.0, TP2 Multiplier to 3.0, SL Multiplier to 1.5. Enable volume confirmation and strong closes only. Use trading hours filter to avoid low-volume periods. For 5-15 Minute Day Trading: Set ATR Timeframe to match chart or use 5-minute, ATR Length to 14, TP1 Multiplier to 2.0, TP2 Multiplier to 3.5, SL Multiplier to 1.2. Volume confirmation recommended but optional. For Hourly+ Swing Trading: Set ATR Timeframe to 15-30 minute, ATR Length to 14-21, TP1 Multiplier to 2.5, TP2 Multiplier to 4.0, SL Multiplier to 1.5. Volume confirmation optional, nested channels can be enabled for multiple setups. BACKTEST CONSIDERATIONS: Strategy performs best during trending or volatility expansion phases Consolidation-heavy or choppy markets produce more false signals Shorter timeframes require wider stop loss multipliers due to noise Commission and slippage significantly impact performance on sub-5-minute charts Volume confirmation generally improves win rate but reduces trade frequency ATR multipliers should be optimized for specific instrument characteristics COMPATIBLE MARKETS: Works on any instrument with price and volume data including forex pairs, stock indices, individual stocks, cryptocurrency, commodities, and futures contracts. Requires TradingView data feed that includes volume for volume confirmation features to function. KNOWN LIMITATIONS: Stop losses execute via strategy.exit() and may not fill at exact levels during gaps or extreme volatility request.security() on lower timeframes requires higher-tier TradingView subscription False breakouts inherent to breakout strategies cannot be completely eliminated Performance varies significantly based on market regime (trending vs ranging) Partial closing logic requires sufficient position size relative to TP1 close contracts setting RISK DISCLOSURE: Trading involves substantial risk of loss. Past performance of this or any strategy does not guarantee future results. This strategy is provided for educational purposes and automated backtesting. Thoroughly test on historical data and paper trade before risking real capital. Market conditions change and strategies that worked historically may fail in the future. Use appropriate position sizing and never risk more than you can afford to lose. Consider consulting a licensed financial advisor before making trading decisions. ACKNOWLEDGMENT & CREDITS: This strategy is built upon the channel detection methodology created by AlgoAlpha in the "Smart Money Breakout Channels" indicator. Full credit and appreciation to AlgoAlpha for pioneering the normalized volatility approach to identifying consolidation patterns and sharing this innovative technique with the TradingView community. The enhancements added to the original concept include automated trade execution, multi-timeframe ATR-based risk management, partial position closing by contract count, volume confirmation filtering, and real-time position monitoring.
Pine Script® göstergesi
TradeManager_PRO tarafından
23
QQQ Ladder → Adjusted to Active Ticker (5s & 10s)This indicator allows you to a grid of QQQ levels directly on futures chart like NQ, MNQ, ES and MES, automatically adjusting for the spread between the displayed symbol and QQQ. This is particularly useful for traders who perform technical analysis on QQQ but execute trades on Futures. Features: Renders every 5 and 10 points steps of QQQ in your current chart. The script adjusts these levels in real-time based on the current spread between QQQ and the displayed symbol! Plots updated horizontal lines that move with the spread Supports Multiple Tickers, ES1!, MES1!, NQ1!, MNQ1! SPY and SPX500USD.
Pine Script® göstergesi
alejandroveronn tarafından
NDX Levels Adjusted to Active TickerThis indicator allows you to plot custom NDX levels directly on the NQ1! (E-mini NASDAQ-100 Futures) chart, automatically adjusting for the spread between NDX and NQ1!. This is particularly useful for traders who perform technical analysis on NDX but execute trades on NQ1!. Features: Input up to three NDX key levels to track (e.g., 23000, 24000, 25000). The script adjusts these levels in real-time based on the current spread between NDX and NQ1! Displays the spread in the chart header for quick reference Plots updated horizontal lines that move with the spread Includes optional labels showing the spread periodically to reduce clutter Supports Multiple Tickers: NQ1!, QQQ, NAS100 and NAS100USD. Ideal for futures traders who want SPX context while trading NQ1!, QQQ, NAS100 or NAS100USD..
Pine Script® göstergesi
alejandroveronn tarafından
Options Betting Range - Extended# Options Betting Range - Extended **Options Betting Range - Extended** is a versatile TradingView indicator designed to assist traders in identifying and visualizing optimal options trading ranges for multiple symbols. By leveraging predefined prediction and execution dates along with specific high and low price points, this indicator dynamically draws trendlines to highlight potential options betting zones, enhancing your trading strategy and decision-making process. ## **Key Features** - **Multi-Symbol Support:** Automatically adapts to popular symbols such as SPY, IWM, QQQ, DIA, TLT, and GOOG, providing tailored options betting ranges for each. - **Dynamic Trendlines:** Draws both dashed and solid trendlines based on user-defined prediction and execution dates, clearly marking high and low price boundaries. - **Customizable Parameters:** Easily configure prediction and execution dates, high and low prices, and timezones to suit your specific trading requirements. - **Single Execution:** Ensures that each trendline is drawn only once per specified prediction date, preventing clutter and maintaining chart clarity. - **Clear Visual Indicators:** Utilizes color-coded labels to denote high (green) and low (red) price points, making it easy to identify critical trading levels at a glance. ## **How It Works** 1. **Initialization:** - Upon adding the indicator to your chart, it initializes with predefined symbols and their corresponding high and low price points for two trendlines each. 2. **Configuration:** - **Trendline 1:** - **Prediction Date:** Set the year, month, and day when the trendline should be predicted. - **Execution Date:** Define the year, month, and day when the trendline will be executed. - **Timezone:** Choose the appropriate timezone to ensure accurate date matching. - **Trendline 2:** - Similarly, configure the prediction and execution dates along with the timezone. 3. **Trendline Drawing:** - On reaching the specified prediction date, the indicator draws dashed trendlines representing the high and low price ranges. - Solid trendlines are then drawn to solidify the high and low price boundaries. - Labels are added to clearly mark the high and low price points on the chart. 4. **Visualization:** - The trendlines and labels provide a visual framework for potential options trading ranges, allowing traders to make informed decisions based on these predefined levels. ## **How to Use** 1. **Add the Indicator:** - Open your TradingView chart and apply the **Options Betting Range - Extended** indicator. 2. **Select a Symbol:** - Ensure that the chart is set to one of the supported symbols (e.g., SPY, IWM, QQQ, DIA, TLT, GOOG) to activate the corresponding trendline configurations. 3. **Configure Trendline Parameters:** - Access the indicator settings to input your desired prediction and execution dates, high and low prices, and select the appropriate timezone for each trendline. 4. **Monitor Trendlines:** - As the chart progresses to the specified prediction dates, observe the dynamically drawn trendlines and labels indicating the options betting ranges. 5. **Make Informed Trades:** - Utilize the visual cues provided by the trendlines to identify optimal entry and exit points for your options trading strategies. ## **Benefits** - **Enhanced Strategy Visualization:** Clearly outlines potential trading ranges, aiding in the formulation and execution of precise options strategies. - **Time-Saving Automation:** Automatically draws trendlines based on your configurations, reducing the need for manual chart analysis. - **Improved Decision-Making:** Provides objective price levels for trading, minimizing emotional bias and enhancing analytical precision. ## **Important Considerations** - **Timezone Accuracy:** Ensure that the timezones selected in the indicator settings align with your chart's timezone to maintain accurate date matching. - **Chart Timeframe:** The prediction dates should correspond to the timeframe of your chart (e.g., daily, hourly) to ensure that trendlines are triggered correctly. - **Visible Price Range:** Verify that the high and low prices set for trendlines are within the visible range of your chart to ensure that all trendlines and labels are clearly visible. ## **Conclusion** **Options Betting Range - Extended** is a powerful tool for traders seeking to automate and visualize their options trading ranges across multiple symbols. By providing clear, customizable trendlines based on specific prediction and execution dates, this indicator enhances your ability to identify and act upon strategic trading opportunities with confidence. ---
Pine Script® göstergesi
dragonjia tarafından
2
QQQ and SPY Price Levels [MW]Introduction: Don’t let SPY and QQQ resistance levels hurt your futures trading anymore. The QQQ and SPY Price Levels indicator automagically provides easily accessible QQQ price levels for NASDAQ-related charts such as QQQ, /NQ and /MNQ futures, and leveraged ETFs such as TQQQ and SQQQ as well as for SPY price levels for S&P 500-related charts such as SPY, /ES and /MES futures, SPX, and leveraged ETFs such as UPRO and SPXU. If you’ve ever traded futures, or anything QQQ- or SPY-related and wanted to know at what price would the corresponding asset reach a key whole number level of QQQ or SPY, like 400, 440, 445, or even 447.50, this tool is for you. Key 10x, 5x, and even 2.5x multiples of QQQ and SPY can act as support or resistance for other related-assets. Until now, there hasn’t been an indicator that can serve as an easy visual cue to know exactly when that is about to happen across assets. This indicator is a fork of the original SPY Price Levels indicator, which only considered SPY-related assets. Settings: QQQ/SPY 2.5x: Show closest levels above and below that are multiples of 2.5 on QQQ QQQ/SPY 5x: Show closest levels above and below that are multiples of 5 on QQQ QQQ/SPY 10x: Show closest levels above and below that are multiples of 10 on QQQ Show QQQ/SPY Price Label: Show the current QQQ/SPY price Extend lines to the left: Extend label lines for each price level to the beginning of the chart Calculations: This indicator defines the ratio between the price of QQQ/SPY and another NASDAQ/S&P-related asset and uses that multiplier once the user-defined price increments are defined. For example, if /MNQ is at 19000 and QQQ is at 465, then the ratio would be 40.8. The incremental QQQ levels that are above and below the QQQ price are calculated using the following equations: qqqLevelUp = _multiplier * math.ceil(_qqqClose / _multiplier) qqqLevelDown = _multiplier * math.floor(_qqqClose / _multiplier) The conversion ratio is then multiplied by that amount to get the final estimated corresponding price using the calculation: levelUp := _conversion * qqqLevelUp levelDown := _conversion * qqqLevelDown For leveraged assets, the conversion must be used on the difference between the current QQQ price and the incremental upper and lower levels. For example, the calculation for the next level up looks like the following: levelUpDelta := math.abs(_qqqClose - qqqLevelUp) levelUp := close + _conversion * (levelUpDelta * _leverage) This logic is identical for SPY-related assets. How to Use: The QQQ and SPY Price Levels indicator aims to be as unobtrusive as possible. The default view shows 3 labels and 2 lines that are all aligned to the right of the main chart, so that it interferes as little as possible with any other indicators. It can be added to any /NQ or /MNQ futures chart, SQQQ, TQQQ, and, of course, QQQ as well as any /ES /MES futures chart, SPXU, UPRO, SPX, and of course SPY. The most immediate price levels for each multiplier appears above and below the current price along with the price of QQQ/SPY. For example, MNQU2024 is currently at 19594. By looking at the indicator the next QQQ increment below is at 475, or 19556 on the MNQU2024 chart. This potential support is marked with a green label that shows both prices. The next increment above is at QQQ 477.50, or 19659 on the MESU2024 chart. And the QQQ price itself, is also shown (and can be removed) at 475.92. QQQ and SPY price increments of 2.5, 5, and 10 tend to consistently act at the very least as emotional support and resistance levels. Weak, or weakening volume and/or momentum when these levels are hit can trigger a strong rejection, and can sometimes precipitate lengthy consolidation periods at those levels. Watching an NASDAQ- and S&P 500-related asset come to a halt, fall off a cliff, or react in some other unintuitive way could very well be the result of a QQQ/SPY level being reached. Even though many of us know that this relationship exists, it’s easy to forget. So, this indicator helps to ensure that its users keep that relationship front and center. By extending the lines into the past on QQQ/SPY and their related assets, you can see what reactions happened at these key levels. Other Usage Notes and Limitations: The calculations used only provide an estimated relationship or a close approximation, and are not exact. It's important for traders to be aware of the limitations of any indicator and to use them as part of a broader, well-rounded trading strategy that includes risk management, fundamental analysis, and other tools that can help with reducing false signals, determining trend direction, and providing additional confirmation for a trade decision. Diversifying strategies and not relying solely on one type of indicator or analysis can help mitigate some of these risks.
Pine Script® göstergesi
mwrightinc tarafından
5
[TTI] NDR 63-Day QQQ-QQEW ROC% SpreadWelcome to the NDR 63-Day QQQ-QQEW ROC% Spread script! This script is a powerful tool that calculates and visualizes the 63-day Rate of Change (ROC%) spread between the QQQ and QQEW tickers. This script is based on the research conducted by Ned Davis Research (NDR), a renowned name in the field of investment strategy. ⚙️ Key Features: 👉Rate of Change Calculation: The script calculates the 63-day Rate of Change (ROC%) for both QQQ and QQEW tickers. The ROC% is a momentum oscillator that measures the percentage price change over a given time period. 👉Spread Calculation: The script calculates the spread between the ROC% of QQQ and QQEW. This spread can be used to identify potential trading opportunities. 👉Visual Representation: The script plots the spread on the chart, providing a visual representation of the ROC% spread. This can help traders to easily identify trends and patterns. 👉Warning Lines: The script includes warning lines at +600 and -600 levels. These lines can be used as potential thresholds for trading decisions. Usage: To use this script, simply add it to your TradingView chart. The script will automatically calculate the ROC% for QQQ and QQEW and plot the spread on the chart. You can use this information to inform your trading decisions. 🚨 Disclaimer: This script is provided for educational purposes only and is not intended as investment advice. Trading involves risk and is not suitable for all investors. Please consult with a financial advisor before making any investment decisions. 🎖️ Credits: This script is based on the research conducted by Ned Davis Research (NDR). All credit for the underlying methodology and concept goes to NDR.
Pine Script® göstergesi
TintinTrading tarafından
QQQ NDX NQ Price Converter [Pt]A must have tool for QQQ NDX NQ traders~!!! Description The QQQ NDX NQ Price Converter is a powerful and easy-to-use tool that allows traders to view corresponding price levels for linked instruments in real-time. This includes QQQ, NDX, NQ, and NAS100USD. Although these instruments often move in sync, differences in price movements, volume, and trading hours can create unique key levels and support/resistance areas for each. By mapping these levels on the same chart, traders can more easily spot trading opportunities and improve their chances of success. Customizable features - multiplier from the closest whole number price level - line color - line style - label position / size - # of levels to display - toggle current price display table
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PtGambler tarafından
11
Volatility Inverse Correlation CandleThis is an educational tool that can help you find direct or inverse relations between two assets. In this case I am using VIX and SPX . The way it works is the next one : So I am looking at the current open value of VIX in comparison with the previous close ( if it either above or below) and after on the SPX I am looking into the history and see for example which type of candle we had in respect with the opening value from VIX . So for example, lets imagine that today is monday, and the weekly open value from VIX was higher than previous friday close value. Now I am going to see with the inverse correlation , if based on this idea, the current weekly candle from SPX finished in a bear candle. The same can be applied for the bearish situation, so if we had an open from VIX lower than previous close, we are looking to check the SPX bull candle accuracy. At the same time, for a different type of calculation I have added an internal lookup into heikin ashi values. If you have any questions please let me know !
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exlux tarafından
Convert ETF to Futures/IndexThis indicator is used to automatically map an ETF's VWAP and 10 levels above and below the strike of your choice, to the futures or index instrument currently being viewed/traded. This works very well when using both SPY to ES/MES/SPX or QQQ to NQ/MNQ/NDX to plot the ETF strikes and can lead to some incredible trades, especially when trading level to level. Since SPY, QQQ, IWM, and DIA have the same price action as their futures iteration, there seems to be a direct correlation between their levels and VWAP . This indicator is made to easily map these key levels to the appropriate futures instrument. If you have a way to measure GEX centered around a certain level, I recommend color coding the lines to help indicate whether the level will have strong positive or negative gamma hedging associated with it.
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kfatkin tarafından
2
SPY to ES / MESSPY to ES is an indicator that converts SPY price targets to ES / MES futures price targets. This indicator is helpful when you have price targets for SPY but trade ES or MES futures instead of SPY. It coverts the SPY price targets to ES / MES futures, and draws the SPY VWAP line on your ES / MES chart. It supports the following lines Bullish Above Bearish Below Long PT1 Long PT2 Long PT3 Short PT1 Short PT2 Short PT3 It also converts the SPY VWAP to it's current ES / MES value. Note: The conversion do not work during pre and after market and the lines are only correct during market hours.
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ItsAnders81 tarafından
17
Litt Internals ProThe Litt Internal Pro is based on the four major U.S. Equity Indexes. This is to not be used for any other markets. If you need more information on any of the indexes, you can google or watch YouTube videos on what they are. Typically if we are looking for to be long we want to see all four of the indexes green and have buy ratings. If we are looking to be short we want to see all four of the indexes red and have sell ratings. If you see Overbought or Oversold ratings it may be best to wait for a pullback to get long or not take the trade at all. For the stocks that you trade, you should know what index they are in. The reason for this is that you can still take trades if not all four indexes are aligned the same color. For example, maybe small caps (IWM) are on a hot streak and seeing buying momentum from institutions meanwhile tech (QQQ), is being sold. If you held a long in a company that is in IWM then you could be more comfortable holding your long position. Meanwhile, if you held a long position in a stock that is in QQQ then you might want to cut your loss or take profit. There are multiple different use cases for this indicator so it is best to look for outside resources on more information on the indexes and what stocks are in each index. This can be a very powerful tool to see sector rotation by hedge funds and institutions.
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Steadylit tarafından
5
After Hours Daytime - Consistency Use only on Daily charts!! When average AH moves are consistent with average daytime moves it tends to indicate a trend. The phenomenon is not obvious on a day to day basis but is easy to see with the smoothed changes. Blue is smoothed daytime change and black is smoothed AH gap. The length is how many periods back to start the differentiation between AH and daytime. Pink background shows BOTH smoothed AH and daytime changes are falling. Lime background indicates both are rising. When used on NYA with parameters shown the indicator give warnings with high specificity and reliability for the broader
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gb50k tarafından
1