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Market Structure RSIDescription: The Market Structure RSI is an innovative indicator that combines the power of the Relative Strength Index (RSI) with market structure analysis to provide a unique perspective on the market. This indicator helps traders identify potential trend reversals and trading opportunities by analyzing the underlying market structure and generating overbought and oversold signals. Key Features: RSI Calculation: The indicator calculates a custom RSI based on the market structure, taking into account the formation of higher highs and lower lows. This unique approach to RSI calculation provides a more accurate representation of the market's strength and weakness. Overbought and Oversold Levels: Users can customize the overbought and oversold levels according to their preferences. When the Market Structure RSI crosses above the oversold level, it generates a bullish signal, suggesting a potential long entry. Conversely, when the RSI crosses below the overbought level, it generates a bearish signal, indicating a potential short entry. Moving Average: The indicator includes an optional moving average of the Market Structure RSI, which can be used to smooth out the RSI line and provide additional confirmation of trend reversals. Users can choose between EMA, SMA, and WMA and adjust the length of the moving average. Customizable Close Type: The indicator allows users to define whether the market structure is deemed broken based on the candle close or the candle high/low. This flexibility enables traders to adapt the indicator to their preferred trading style and market conditions. Visual Enhancements: The Market Structure RSI features gradient fills between the RSI line and the overbought/oversold levels, providing a clear visual representation of the market's strength. Additionally, the indicator plots bullish and bearish signals as circles on the RSI line, making it easy to identify potential entry points. How to Use: Add the Market Structure RSI to your chart and customize the settings according to your preferences, such as the RSI length, overbought and oversold levels, and moving average type and length. Monitor the Market Structure RSI for crossovers above the oversold level or below the overbought level. A bullish signal occurs when the RSI crosses above the oversold level, while a bearish signal occurs when the RSI crosses below the overbought level. Use the signals generated by the Market Structure RSI in conjunction with other technical analysis tools and price action patterns to confirm potential trade entries. The indicator works well as a complementary tool to support your existing trading strategy. Consider the overall trend and market context when interpreting the signals generated by the Market Structure RSI. The indicator is most effective in trending markets and may produce less reliable signals in choppy or ranging market conditions. Utilize sound risk management principles, such as setting appropriate stop-loss and take-profit levels, when trading based on the Market Structure RSI signals. The Market Structure RSI offers a fresh perspective on the classic RSI indicator by incorporating market structure analysis. By combining the power of RSI with the identification of higher highs and lower lows, this indicator provides traders with a valuable tool for identifying potential trend reversals and trading opportunities. Whether you are a seasoned trader or just starting out, the Market Structure RSI can be a valuable addition to your technical analysis toolkit.
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ClayeWeight tarafından
2
SEC-Combined Indicator with EMA LinesTitle: Combined Indicator with EMA Lines Description: The Combined Indicator with EMA Lines is a technical analysis tool that combines multiple indicators to provide insights into the market's strength and potential buying or selling opportunities. It incorporates the Relative Strength Index (RSI), Exponential Moving Average (EMA) lines, and the trend over the past three days to generate signals. The indicator calculates a combined data value by assigning weights to the RSI, EMA, and past trend. The RSI measures the strength of price movements, while the EMA lines provide an indication of the average price over a specific period. The past trend considers the price behavior over the last three days. By combining these factors, the indicator offers a comprehensive view of market conditions. Buy and sell signals are generated based on the change in the combined data. A buy signal occurs when there is an increase in the combined data above a specified threshold, indicating a potential buying opportunity. Conversely, a sell signal is triggered when there is a decrease in the combined data below a specified threshold, suggesting a potential selling opportunity. The indicator also plots the EMA lines, which include the EMA High, EMA Average, and EMA Low. These lines provide additional visual cues about the price trend and potential support and resistance levels. Traders can use the Combined Indicator with EMA Lines to identify potential entry and exit points in the market. It helps in capturing trends, evaluating price strength, and making informed trading decisions. The buy and sell signals, along with the EMA lines, aid in spotting potential reversals, confirming trends, and managing risk. It's important to note that this indicator should be used in conjunction with other analysis techniques and risk management strategies. Traders should consider combining it with additional indicators, chart patterns, and fundamental analysis to enhance their trading decisions. Remember to backtest and validate the indicator's performance using historical data before using it in real-time trading. Adjust the input parameters, such as RSI period, EMA period, and threshold values, to suit your trading style and market conditions.
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serdaremin tarafından
Jurik DMX Histogram [Loxx]Jurik DMX Histogram is the ultra-smooth, low lag version of your classic DMI indicator. What is the directional movement index? The directional movement index (DMI) is an indicator developed by J. Welles Wilder in 1978 that identifies in which direction the price of an asset is moving. The indicator does this by comparing prior highs and lows and drawing two lines: a positive directional movement line (+DI) and a negative directional movement line (-DI). An optional third line, called the average directional index (ADX), can also be used to gauge the strength of the uptrend or downtrend. When +DI is above -DI, there is more upward pressure than downward pressure in the price. Conversely, if -DI is above +DI, then there is more downward pressure on the price. This indicator may help traders assess the trend direction. Crossovers between the lines are also sometimes used as trade signals to buy or sell. What is Jurik Volty used in the Juirk Filter? One of the lesser known qualities of Juirk smoothing is that the Jurik smoothing process is adaptive. "Jurik Volty" (a sort of market volatility ) is what makes Jurik smoothing adaptive. The Jurik Volty calculation can be used as both a standalone indicator and to smooth other indicators that you wish to make adaptive. What is the Jurik Moving Average? Have you noticed how moving averages add some lag (delay) to your signals? ... especially when price gaps up or down in a big move, and you are waiting for your moving average to catch up? Wait no more! JMA eliminates this problem forever and gives you the best of both worlds: low lag and smooth lines. Ideally, you would like a filtered signal to be both smooth and lag-free. Lag causes delays in your trades, and increasing lag in your indicators typically result in lower profits. In other words, late comers get what's left on the table after the feast has already begun. What is an adaptive cycle, and what is Ehlers Autocorrelation Periodogram Algorithm? From his Ehlers' book Cycle Analytics for Traders Advanced Technical Trading Concepts by John F. Ehlers , 2013, page 135: "Adaptive filters can have several different meanings. For example, Perry Kaufman’s adaptive moving average ( KAMA ) and Tushar Chande’s variable index dynamic average ( VIDYA ) adapt to changes in volatility . By definition, these filters are reactive to price changes, and therefore they close the barn door after the horse is gone.The adaptive filters discussed in this chapter are the familiar Stochastic , relative strength index ( RSI ), commodity channel index ( CCI ), and band-pass filter.The key parameter in each case is the look-back period used to calculate the indicator. This look-back period is commonly a fixed value. However, since the measured cycle period is changing, it makes sense to adapt these indicators to the measured cycle period. When tradable market cycles are observed, they tend to persist for a short while.Therefore, by tuning the indicators to the measure cycle period they are optimized for current conditions and can even have predictive characteristics. The dominant cycle period is measured using the Autocorrelation Periodogram Algorithm. That dominant cycle dynamically sets the look-back period for the indicators. I employ my own streamlined computation for the indicators that provide smoother and easier to interpret outputs than traditional methods. Further, the indicator codes have been modified to remove the effects of spectral dilation.This basically creates a whole new set of indicators for your trading arsenal." Included - Toggle on/off bar coloring
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loxx tarafından
Delta-RSI Strategy (with filters)Delta-RSI Strategy (with filters): This is a version of the Delta-RSI Oscillator strategy with several criteria available to filter entry and exit signals. This script is also suitable for backtesting over a user-defined period and offers several risk management options (take profit and stop loss). Since the publication of the Delta-RSI Oscillator script, I have been asked many times to make it compatible with the Strategy Tester and add filtering criteria to minimize "false" signals. This version covers many of these requests. Feel free to insert your favorite D-RSI parameters and play around! ABOUT DELTA-RSI Delta-RSI represents a smoothed time derivative of the RSI designed as a momentum indicator (see links below): INPUT DESCTIPTION MODEL PARAMETERS Polynomial Order : The order of local polynomial used to interpolate the relative strength index (RSI). Length : The length of the lookback frame where local regression is applied. RSI Length : The timeframe of RSI used as input. Signal Length : The signal line is a EMA of the D-RSI time series. This input parameter defines the EMA length. ALLOWED ENTRIES The strategy can include long entries, short entries or both. ENTRY AND EXIT CONDITIONS Zero-crossing : bullish trade signal triggered when D-RSI crosses zero from negative to positive values (bearish otherwise) Signal Line Crossing : bullish trade signal triggered when D-RSI crosses from below to above the signal line (bearish otherwise) Direction Change : bullish trade signal triggered when D-RSI was negative and starts ascending (bearish otherwise) APPLY FILTERS TO The filters (described below) can be applied to long entry, short entry and exit signals. RELATIVE VOLUME FILTER When activated, the D-RSI-driven entries and exits will be triggered only if the current volume is greater than N times the average over the last M bars. VOLATILITY FILTER When activated, the D-RSI-driven entries and exits will be triggered only if the N-period average true range, ATR, is greater than the M-period ATR. If N < M, this condition implies increasing volatility. OVERBOUGHT/OVERSOLD FILTER When activated, the D-RSI-driven entries and exits will be triggered only if the value of 14-period RSI is in the range between N and M. STOP LOSS/TAKE PROFIT Fixed and trailing stop loss as well as take profit options are available. FIXED BACKTESTING START/END DATES If the checkboxes are not checked, the strategy will backtest all available price bars.
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tbtkg tarafından
19
Open Interest Money Flow Index (OIMFI)CAUTION : This system was inspired from seiglerj' s "Money Flow Index " script. Open Interests are used instead of volume. What is the Money Flow Index ( MFI )? The Money Flow Index ( MFI ) is a technical oscillator that uses price and volume for identifying overbought or oversold conditions in an asset. It can also be used to spot divergences which warn of a trend change in price. The oscillator moves between 0 and 100. Unlike conventional oscillators such as the Relative Strength Index ( RSI ), the Money Flow Index incorporates both price and volume data, as opposed to just price. For this reason, some analysts call MFI the volume-weighted RSI . What Does the Money Flow Index ( MFI ) Tell You? One of the primary ways to use the Money Flow Index is when there is a divergence. A divergence is when the oscillator is moving in the opposite direction of price. This is a signal of a potential reversal in the prevailing price trend. For example, a very high Money Flow Index that begins to fall below a reading of 80 while the underlying security continues to climb is a price reversal signal to the downside. Conversely, a very low MFI reading that climbs above a reading of 20 while the underlying security continues to sell off is a price reversal signal to the upside. Traders also watch for larger divergences using multiple waves in the price and MFI . For example, a stock peaks at $10, pulls back to $8, and then rallies to $12. The price has made two successive highs, at $10 and $12. If MFI makes a lower higher when the price reaches $12, the indicator is not confirming the new high. This could foreshadow a decline in price. The overbought and oversold levels are also used to signal possible trading opportunities. Moves below 10 and above 90 are rare. Traders watch for the MFI to move back above 10 to signal a long trade, and to drop below 90 to signal a short trade. Other moves out of overbought or oversold territory can also be useful. For example, when an asset is in an uptrend, a drop below 20 (or even 30) and then a rally back above it could indicate a pullback is over and the price uptrend is resuming. The same goes for a downtrend. A short-term rally could push the MFI up to 70 or 80, but when it drops back below that could be the time to enter a short trade in preparation for another drop . Reference : www.investopedia.com WARNING : ** Since each instrument in the list has its own unique contract data, you must first enter its name to display it. I recommend you to select OANDA from the markets. Finally, when the COT reports are issued, it may repaints. However, this repaint is usually close to closing or after close .(When COT reports are so sharp ) So use this script only 1W ( 1 week ) or 1 M ( 1 month ) timeframe. ** This data is taken to Tradingview with the help of Quandl. This is a very low possibility, but the system will not work if there is a malfunction. FEATURES : *** Working with all futures (Including : Bitcoin ) *** If you dont work with "Futures" , you can select "Others" from switchable menu and use volume for all instruments. *** New generation elegant design used : Adaptive coloring Overbought - Oversold Levels according to the closing price. NOTE : This code is open source under the MIT License. If you have any improvements or corrections to suggest, please send me a pull request via the github repository github.com Stay tuned. Best wishes !
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Noldo tarafından
9
RSI with HMA & Momentum ZonesRSI with HMA & Momentum Zones — Indicator Description This indicator combines Relative Strength Index (RSI) analysis with Hull Moving Averages (HMA) and Momentum Zone detection to provide a multi-layered view of market strength, trend shifts, and divergence signals. It includes: Main Features: RSI Core: Standard RSI calculated from a customizable source (close, open, etc.) with adjustable length. A dynamic RSI Signal Line is plotted with selectable smoothing types (SMA, EMA, SMMA, WMA, VWMA) to enhance trend-following signals. RSI crossovers of its signal line change color (green for bullish crossovers, red for bearish crossunders). Hull Moving Averages (HMA): Two HMA lines are plotted based on the RSI: Short HMA (fast) and Long HMA (slow). Color shifts indicate crossovers between RSI and Short HMA (short-term trend change) and Short HMA vs Long HMA (longer-term trend shifts). Momentum Zones: When the gap between the RSI and the Long HMA exceeds a user-defined threshold: A green background highlights strong bullish momentum. A red background highlights strong bearish momentum. Helps visualize when momentum becomes extended. Divergence Detection (Optional): Regular and hidden bullish and bearish divergences are automatically detected between price and RSI. Divergences are plotted on the RSI pane with labels ("Bull", "H Bull", "Bear", "H Bear"). Adjustable lookback settings for fine-tuning sensitivity. Alerts are available for all divergence events. Visual Enhancements: A shaded cloud fills between RSI and its signal line, green for bullish bias and red for bearish bias. Horizontal bands at 70, 50, and 30 levels to mark traditional RSI zones (overbought, neutral, oversold). Customization Options: All major components — RSI settings, Signal Line type, HMA lengths, Momentum Zone threshold, and Divergence controls — are fully adjustable.
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luisf925301 tarafından
Hamid Double RSIRSI with Moving Average and Another RSI This script combines two Relative Strength Index (RSI) indicators with configurable moving averages. It allows traders to track momentum and market strength with adjustable periods for both the RSI and moving averages. The script also allows you to choose different data sources for each RSI, offering flexibility in analysis. Features: Two RSIs: One with a shorter period and another with a longer period . Moving Averages: Each RSI has its own configurable moving average . The moving averages help smooth out the RSI and provide clearer trends. Customizable Inputs: Adjust the RSI period and the length of the moving averages. You can also choose different sources for each RSI (e.g., close, open, high, low). Mid Line: A horizontal line at 50, which is commonly used as the neutral level for the RSI. It helps identify whether the RSI is above or below neutral, indicating bullish or bearish conditions. Overbought and Oversold Levels: Horizontal lines at 70 (overbought) and 30 (oversold) to highlight when the asset might be overbought or oversold according to the RSI. How it works: RSI Calculation: The script calculates two RSIs using different lengths Moving Averages: A Simple Moving Average (SMA) is applied to both RSIs to smooth their values and help identify trends. Overbought/Oversold Indicators: The script includes horizontal lines at 70 and 30 to show overbought and oversold conditions. The mid line is plotted at 50 to highlight neutral levels. This indicator is useful for traders who want to compare the behavior of two RSIs over different time periods and use the moving averages to filter out noise. The ability to customize the source data for each RSI makes this script adaptable to different trading strategies.
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UnknownUnicorn90710557 tarafından
Multi Oscillator OB/OS Signals v3 - Scope TestIndicator Description: Multi Oscillator OB/OS Signals Purpose: The "Multi Oscillator OB/OS Signals" indicator is a TradingView tool designed to help traders identify potential market extremes and momentum shifts by monitoring four popular oscillators simultaneously: RSI, Stochastic RSI, CCI, and MACD. Instead of displaying these oscillators in separate panes, this indicator plots distinct visual symbols directly onto the main price chart whenever specific predefined conditions (typically related to overbought/oversold levels or line crossovers) are met for each oscillator. This provides a consolidated view of potential signals from these different technical tools. How It Works: The indicator calculates the values for each of the four oscillators based on user-defined settings (like length periods and price sources) and then checks for specific signal conditions on every bar: Relative Strength Index (RSI): It monitors the standard RSI value. When the RSI crosses above the user-defined Overbought (OB) level (e.g., 70), it plots an "Overbought" symbol (like a downward triangle) above that price bar. When the RSI crosses below the user-defined Oversold (OS) level (e.g., 30), it plots an "Oversold" symbol (like an upward triangle) below that price bar. Stochastic RSI: This works similarly to RSI but is based on the Stochastic calculation applied to the RSI value itself (specifically, the %K line of the Stoch RSI). When the Stoch RSI's %K line crosses above its Overbought level (e.g., 80), it plots its designated OB symbol (like a downward arrow) above the bar. When the %K line crosses below its Oversold level (e.g., 20), it plots its OS symbol (like an upward arrow) below the bar. Commodity Channel Index (CCI): It tracks the CCI value. When the CCI crosses above its Overbought level (e.g., +100), it plots its OB symbol (like a square) above the bar. When the CCI crosses below its Oversold level (e.g., -100), it plots its OS symbol (like a square) below the bar. Moving Average Convergence Divergence (MACD): Unlike the others, MACD signals here are not based on fixed OB/OS levels. It identifies when the main MACD line crosses above its Signal line. This is considered a bullish crossover and is indicated by a specific symbol (like an upward label) plotted below the price bar. It also identifies when the MACD line crosses below its Signal line. This is a bearish crossover, indicated by a different symbol (like a downward label) plotted above the price bar. Visualization: All these signals appear as small, distinct shapes directly on the price chart at the bar where the condition occurred. The shapes, their colors, and their position (above or below the bar) are predefined for each signal type to allow for quick visual identification. Note: In the current version of the underlying code, the size of these shapes is fixed (e.g., tiny) and not user-adjustable via the settings. Configuration: Users can access the indicator's settings to customize: The calculation parameters (Length periods, smoothing, price source) for each individual oscillator (RSI, Stoch RSI, CCI, MACD). The specific Overbought and Oversold threshold levels for RSI, Stoch RSI, and CCI. The colors associated with each type of signal (OB, OS, Bullish Cross, Bearish Cross). (Limitation Note: While settings exist to toggle the visibility of signals for each oscillator individually, due to a technical workaround in the current code, these toggles may not actively prevent the shapes from plotting if the underlying condition is met.) Alerts: The indicator itself does not automatically generate pop-up alerts. However, it creates the necessary "Alert Conditions" within TradingView's alert system. This means users can manually set up alerts for any of the specific signals generated by the indicator (e.g., "RSI Overbought Enter," "MACD Bullish Crossover"). When creating an alert, the user selects this indicator, chooses the desired condition from the list provided by the script, and configures the alert actions. Intended Use: This indicator aims to provide traders with convenient visual cues for potential over-extension in price (via OB/OS signals) or shifts in momentum (via MACD crossovers) based on multiple standard oscillators. These signals are often used as potential indicators for: Identifying areas where a trend might be exhausted and prone to a pullback or reversal. Confirming signals generated by other analysis methods or trading strategies. Noting shifts in short-term momentum. Disclaimer: As with any technical indicator, the signals generated should not be taken as direct buy or sell recommendations. They are best used in conjunction with other forms of analysis (price action, trend analysis, volume, fundamental analysis, etc.) and within the framework of a well-defined trading plan that includes risk management. Market conditions can change, and indicator signals can sometimes be false or misleading.
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ozgurzari tarafından
2
Composite Reversal IndicatorOverview The "Composite Reversal Indicator" aggregates five technical signals to produce a composite score that ranges from -5 (strongly bearish) to +5 (strongly bullish). These signals come from: Relative Strength Index (RSI) Moving Average Convergence Divergence (MACD) Accumulation/Distribution (A/D) Volume relative to its moving average Price proximity to support and resistance levels Each signal contributes a value of +1 (bullish), -1 (bearish), or 0 (neutral) to the total score. The raw score is plotted as a histogram, and a smoothed version is plotted as a colored line to highlight trends. Step-by-Step Explanation 1. Customizable Inputs The indicator starts with user-defined inputs that allow traders to tweak its settings. These inputs include: RSI: Length (e.g., 14), oversold level (e.g., 30), and overbought level (e.g., 70). MACD: Fast length (e.g., 12), slow length (e.g., 26), and signal length (e.g., 9). Volume: Moving average length (e.g., 20) and multipliers for high (e.g., 1.5) and low (e.g., 0.5) volume thresholds. Price Levels: Period for support and resistance (e.g., 50) and proximity percentage (e.g., 2%). Score Smoothing: Length for smoothing the score (e.g., 5). These inputs make the indicator adaptable to different trading styles, assets, or timeframes. 2. Indicator Calculations The script calculates five key indicators using the input parameters: RSI: Measures momentum and identifies overbought or oversold conditions. Formula: rsi = ta.rsi(close, rsi_length) Example: With a length of 14, it analyzes the past 14 bars of closing prices. MACD: Tracks trend and momentum using two exponential moving averages (EMAs). Formula: = ta.macd(close, macd_fast, macd_slow, macd_signal) Components: MACD line (fast EMA - slow EMA), signal line (EMA of MACD line). Accumulation/Distribution (A/D): A volume-based indicator showing buying or selling pressure. Formula: ad = ta.accdist Reflects cumulative flow based on price and volume. Volume Moving Average: A simple moving average (SMA) of trading volume. Formula: vol_ma = ta.sma(volume, vol_ma_length) Example: A 20-bar SMA smooths volume data. Support and Resistance Levels: Key price levels based on historical lows and highs. Formulas: support = ta.lowest(low, price_level_period) resistance = ta.highest(high, price_level_period) Example: Over 50 bars, it finds the lowest low and highest high. These calculations provide the raw data for generating signals. 3. Signal Generation Each indicator produces a signal based on specific conditions: RSI Signal: +1: RSI < oversold level (e.g., < 30) → potential bullish reversal. -1: RSI > overbought level (e.g., > 70) → potential bearish reversal. 0: Otherwise. Logic: Extreme RSI values suggest price may reverse. MACD Signal: +1: MACD line > signal line → bullish momentum. -1: MACD line < signal line → bearish momentum. 0: Equal. Logic: Crossovers indicate trend shifts. A/D Signal: +1: Current A/D > previous A/D → accumulation (bullish). -1: Current A/D < previous A/D → distribution (bearish). 0: Unchanged. Logic: Rising A/D shows buying pressure. Volume Signal: +1: Volume > high threshold (e.g., 1.5 × volume MA) → strong activity (bullish). -1: Volume < low threshold (e.g., 0.5 × volume MA) → weak activity (bearish). 0: Otherwise. Logic: Volume spikes often confirm reversals. Price Signal: +1: Close near support (within proximity %, e.g., 2%) → potential bounce. -1: Close near resistance (within proximity %) → potential rejection. 0: Otherwise. Logic: Price near key levels signals reversal zones. 4. Composite Score The raw composite score is the sum of the five signals: Formula: score = rsi_signal + macd_signal + ad_signal + vol_signal + price_signal Range: -5 (all signals bearish) to +5 (all signals bullish). Purpose: Combines multiple perspectives into one number. 5. Smoothed Score A smoothed version of the score reduces noise: Formula: score_ma = ta.sma(score, score_ma_length) Example: With a length of 5, it averages the score over 5 bars. Purpose: Highlights the trend rather than short-term fluctuations. 6. Visualization The indicator plots two elements: Raw Score: A gray histogram showing the composite score per bar. Style: plot.style_histogram Color: Gray. Smoothed Score: A line that changes color: Green: Score > 0 (bullish). Red: Score < 0 (bearish). Gray: Score = 0 (neutral). Style: plot.style_line, thicker line (e.g., linewidth=2). These visuals make it easy to spot potential reversals. How It Works Together The indicator combines signals from: RSI: Momentum extremes. MACD: Trend shifts. A/D: Buying/selling pressure. Volume: Confirmation of moves. Price Levels: Key reversal zones. By summing these into a composite score, it filters out noise and provides a unified signal. A high positive score (e.g., +3 to +5) suggests a bullish reversal, while a low negative score (e.g., -3 to -5) suggests a bearish reversal. The smoothed score helps traders focus on the trend. Practical Use Bullish Reversal: Smoothed score is green and rising → look for buying opportunities. Bearish Reversal: Smoothed score is red and falling → consider selling or shorting. Neutral: Score near 0 → wait for clearer signals. Traders can adjust inputs to suit their strategy, making it versatile for stocks, forex, or crypto.
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I_got_options tarafından
Custom TABI Model with LayersCustom Top and Bottom Indicator (TABI) (Is a Trend Adaptive Blow-Off Indicator) - User Guide & Description Introduction The TABI (Trend Adaptive Blow-Off Indicator) is a refined, multi-layered RSI tool designed to enhance trend analysis, detect momentum shifts, and highlight overbought/oversold conditions with a more nuanced, color-coded approach. This indicator is useful for traders seeking to identify key reversal points, confirm trend strength, and filter trade setups more effectively than traditional RSI. By incorporating volume-based confirmation and divergence detection, TABI aims to reduce false signals and improve trade timing. How It Works TABI builds on the Relative Strength Index (RSI) by introducing: A smoothed RSI calculation for better trend readability. 11 color-coded RSI levels, allowing traders to visually distinguish weak, neutral, and extreme conditions. Volume-based confirmation to detect high-conviction moves. Bearish & Bullish Divergence Detection, inspired by Market Cipher methods, to spot potential reversals early. Overbought & Oversold alerts, with optional candlestick color changes to highlight trade signals. Key Features ✅ Color-Coded RSI for Better Readability The RSI is divided into multi-layered color zones: 🔵 Light Blue: Extremely oversold 🟢 Lime Green: Mild oversold, potential trend reversal 🟡 Yellow & Orange: Neutral, momentum consolidation 🟠 Dark Orange: Caution, overbought conditions developing 🔴 Red: Extreme overbought, possible exhaustion ✅ Divergence Detection Bearish Divergence: Price makes higher highs, RSI makes lower highs → Potential top signal Bullish Divergence: Price makes lower lows, RSI makes higher lows → Potential bottom signal ✅ Volume Confirmation Filter Requires a 50% above-average volume spike for strong buy/sell signals, reducing false breakouts. ✅ Dynamic Labels & Alerts 🚨 Blow-Off Top Warning: If RSI is overbought + volume spikes + divergence detected 🟢 Oversold Bottom Alert: If RSI is oversold + bullish divergence Candlestick color changes when extreme conditions are met. How to Use 📌 Entry & Exit Signals Buy Consideration: RSI enters Green Zone (oversold) Bullish divergence detected Volume confirms the move Sell Consideration: RSI enters Red Zone (overbought) Bearish divergence detected Volume confirms exhaustion 📌 Trend Confirmation Use the yellow/orange levels to confirm strong trends before entering counter-trend trades. 📌 Filtering Trade Noise The RSI smoothing helps reduce false whipsaws, making it easier to read true momentum shifts. Customization Options 🔧 User-Defined RSI Thresholds Adjust the overbought/oversold levels to match your trading style. 🔧 Divergence Sensitivity Modify the lookback period to fine-tune divergence detection accuracy. 🔧 Volume Thresholds Set custom volume multipliers to control confirmation requirements. Why This is Unique 🔹 Unlike traditional RSI, TABI visually maps RSI zones into layered gradients, making it easy to spot momentum shifts. 🔹 The multi-layered color scheme adds an intuitive, heatmap-like effect to RSI, helping traders quickly gauge conditions. 🔹 Incorporates CCF-inspired divergence detection and volume filtering, making signals more robust. 🔹 Dynamic labeling system ensures clarity without cluttering the chart. Alerts & Notifications 🔔 TradingView Alerts Included 🚨 Blow-Off Top Detected → RSI overbought + volume spike + bearish divergence. 🟢 Oversold Bottom Detected → RSI oversold + bullish divergence. Set alerts to receive notifications without watching the charts 24/7. Final Thoughts TABI is designed to simplify RSI analysis, provide better trade signals, and improve decision-making. Whether you're day trading, swing trading, or long-term investing, this tool helps you navigate market conditions with confidence. 🔥 Use it to detect high-probability reversals, confirm trends, and improve trade entries/exits! 🚀
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renderingnature1 tarafından
4
CHAKRA RISS ENGULFING CANDLESTICK STRATEGYChakra RISS Engulfing Candlestick Strategy Type: Technical Indicator & Strategy Platform: TradingView Script Version: Pine Script v6 Overview: The Chakra RISS Engulfing Candlestick Strategy combines a momentum-based approach using the Relative Strength Index (RSI) with Engulfing Candlestick Patterns to generate buy and sell signals. The strategy filters trades based on price movement relative to a 50-period Simple Moving Average (SMA), making it a trend-following strategy. The indicator uses color-coded bars to visually represent market conditions, helping traders easily identify bullish and bearish trends. The strategy is designed to be dynamic, adapting to changing market conditions and filtering out noise using key technical indicators. How It Works: RSI-Based Color Conditions: Green Bars: When the RSI crosses above a specified UpLevel (default: 50), indicating a bullish momentum and signaling potential buy conditions. Red Bars: When the RSI crosses below a specified DownLevel (default: 50), indicating a bearish momentum and signaling potential sell conditions. Buy Signal: Triggered when the following conditions are met: RSI crosses from below the UpLevel (default: 50) to above it, signaling increasing bullish momentum. The close price is above the 50-period Simple Moving Average (SMA), confirming an uptrend. The Buy Signal is plotted below the bar with a green arrow and a "BUY" label. Sell Signal: Triggered when the following conditions are met: RSI crosses from above the DownLevel (default: 50) to below it, signaling increasing bearish momentum. The close price is below the 50-period Simple Moving Average (SMA), confirming a downtrend. The Sell Signal is plotted above the bar with a red arrow and a "SELL" label. Stop Loss and Take Profit: For long trades (buy signals), the stop loss is placed below the previous bar's low, and the take profit is set at 3% above the entry price. For short trades (sell signals), the stop loss is placed above the previous bar's high, and the take profit is set at 3% below the entry price. Dynamic Bar Coloring: The bar colors change dynamically based on RSI levels: Green Bars: Indicating a potential uptrend (bullish). Red Bars: Indicating a potential downtrend (bearish). These visual cues help traders quickly identify market trends and potential reversals. Trend Filtering: The 50-period Simple Moving Average (SMA) is used to filter trades based on the overall market trend: Buy signals are only considered when the price is above the moving average, indicating an uptrend. Sell signals are only considered when the price is below the moving average, indicating a downtrend. Alerting System: Alerts can be set for both buy and sell signals. These alerts notify traders in real-time when potential trades are generated, allowing them to act promptly. Alerts can be configured to send notifications through email, SMS, or a webhook for integration with other services like IFTTT or Zapier. Key Features: RSI and Moving Average-Based Signals: Combines RSI with a moving average for more accurate trade signals. Stop Loss and Take Profit: Dynamic risk management with custom stop loss and take profit levels based on previous high and low prices. Buy and Sell Alerts: Provides real-time alerts when a buy or sell signal is triggered. Trend Confirmation: Uses the 50-period Simple Moving Average to filter signals and confirm the direction of the trend. Visual Bar Color Changes: Makes it easy to identify bullish or bearish trends with color-coded bars. Usage: This strategy is suitable for traders who prefer a trend-following approach and want to combine momentum indicators (RSI) with price action (Engulfing Candlestick patterns). It is particularly useful in volatile markets where quick identification of trend changes can lead to profitable trades. Best Used For: Day trading, swing trading, and trend-following strategies. Timeframes: Works well on various timeframes, from 1-minute charts for scalping to daily charts for swing trading. Markets: Can be applied to any market with sufficient liquidity (stocks, forex, crypto, etc.). Settings: UpLevel: The RSI level above which the market is considered bullish (default: 50). DownLevel: The RSI level below which the market is considered bearish (default: 50). SMA Length: The period of the Simple Moving Average used to filter trades (default: 50). Risk Management: Customizable stop loss and take profit settings based on price action (default: 3% above/below the entry price).
Pine Script® göstergesi
Tradewith_Riss tarafından
3
Financials Score All Description of the "Financials Score All" Script This Pine Script calculates a financial score for a specific stock, based on various financial metrics. The purpose is to provide a comprehensive numerical score that reflects the financial health of the stock. The score is calculated using multiple financial indicators, including profitability, valuation, debt management, and liquidity. Here’s a breakdown of what each part of the script does: period = input.string('FQ', 'Period', options= ) FQ refers to Quarterly financial data. FY refers to Fiscal Year financial data. Financial Metrics: The script uses various financial metrics to calculate the score. These are obtained via request.financial, which retrieves financial data for the stock from TradingView's database. Below are the metrics used: opmar (Operating Margin): Measures the company's profitability as a percentage of revenue. eps (Earnings Per Share): Represents the portion of a company's profit allocated to each outstanding share. eps_ttm (Earnings Per Share – Trailing Twelve Months): EPS over the most recent 12 months. pe_ratio (Price-to-Earnings Ratio): A measure of the price investors are willing to pay for a stock relative to its earnings. pb_ratio (Price-to-Book Ratio): A valuation ratio comparing a company’s market value to its book value. de_ratio (Debt-to-Equity Ratio): A measure of the company’s financial leverage, showing how much debt it has compared to shareholders' equity. roe_pb (Return on Equity Adjusted to Book): Measures the company's profitability relative to its book value. fcf_per_share (Free Cash Flow per Share): Represents the free cash flow available for dividends, debt reduction, or reinvestment, per share. pfcf_ratio (Price-to-Free-Cash-Flow Ratio): A measure comparing a company’s market value to its free cash flow. current_ratio (Current Ratio): A liquidity ratio that measures a company's ability to pay short-term obligations with its current assets. RSI Calculation: The script calculates the Relative Strength Index (RSI) for the stock using an 8-period lookback: rsi = ta.rsi(close, 8) Score Calculation: The script calculates a total score by adding points based on the values of the financial metrics. Each metric is checked against a condition, and if the condition is met, the score is incremented: If the Operating Margin (opmar) is greater than 20, the score is incremented by 20 points. If Earnings Per Share (EPS) is positive, 10 points are added. If the P/E ratio is between 0 and 20, 10 points are added. If the P/B ratio is less than 3, 10 points are added. If the Debt-to-Equity ratio is less than 0.8, 10 points are added. If the Return on Equity Adjusted to Book is greater than 10, 10 points are added. If the P/FCF ratio is between 0 and 15, 10 points are added. If the Current Ratio is greater than 1.61, 10 points are added. If the RSI is less than 35, 10 points are added. The score is accumulated based on these conditions and stored in the total_score variable. Displaying the Total Score: Finally, the total score is plotted on the chart: Summary of How It Works: This script calculates a financial score for a stock using a variety of financial indicators. Each metric has a threshold, and when the stock meets certain criteria (for example, a good operating margin, a healthy debt-to-equity ratio, or a low P/E ratio), points are added to the overall score. The result is a single numerical value that reflects the financial health of the stock. This score can help traders or investors identify companies with strong financials, or serve as a comparison tool between different stocks based on their financial health. Generally >60 is the best stocks for med and long term trades
Pine Script® göstergesi
geo123456 tarafından
Double RSIDouble RSI (DRSI) Indicator The Double RSI (DRSI) is a technical analysis tool designed to provide traders with enhanced buy and sell signals by identifying uptrend and downtrend thresholds. It refines traditional RSI-based signals by applying a "double calculation" to the Relative Strength Index (RSI), improving precision in detecting trend changes. Key Concepts Behind the Indicator 1. Double RSI Calculation The DRSI indicator takes the standard RSI (calculated using the closing price over a specified length) and applies a second RSI calculation to it. This creates a smoother, more refined RSI value, making it more effective at highlighting the general trend of the market. RSI: Measures the strength of recent price movements, ranging from 0 to 100. Double RSI (DRSI): Applies the RSI formula to the RSI values themselves, smoothing out fluctuations and generating clearer signals. How Does the Indicator Work? The DRSI identifies uptrends and downtrends using two user-defined thresholds: Uptrend Threshold (Default = 59): A value above this threshold signals a potential shift into an uptrend. Downtrend Threshold (Default = 52): A value below this threshold signals a potential shift into a downtrend. Signal Generation Buy Signal: A crossover occurs when the DRSI value crosses above the Downtrend Threshold, signaling the beginning of an upward movement. Sell Signal: A crossunder occurs when the DRSI value crosses below the Uptrend Threshold, signaling the beginning of a downward movement. Customizable Inputs The indicator offers customizable settings for increased flexibility: DRSI Length (Default = 13): Determines the lookback period for RSI calculations. A shorter length increases sensitivity, while a longer length smooths the signals. Uptrend Threshold (Default = 59): Sets the level above which an uptrend is confirmed. Downtrend Threshold (Default = 52): Sets the level below which a downtrend is confirmed. Bar Color and Glow Effects: Traders can enable colored candles or glowing DRSI lines for better visual representation. Why is This Indicator Useful for Traders? 1. Noise Reduction By applying a second RSI calculation, the DRSI smooths out minor fluctuations and highlights the overall trend. 2. Clear Uptrend and Downtrend Signals The indicator provides intuitive buy (green arrow) and sell (red arrow) markers, simplifying decision-making. 3. Customizable Thresholds Traders can adjust the thresholds and length to better suit specific trading strategies or market conditions. 4. Bar Coloring Bars are color-coded to indicate the trend: Green (Above Uptrend Threshold): Indicates an uptrend. Red (Below Downtrend Threshold): Indicates a downtrend. How the Indicator Appears on the Chart DRSI Line: A smooth line derived from the double RSI calculation. Threshold Lines: Two horizontal lines (green for the Uptrend Threshold, red for the Downtrend Threshold) to visualize trend changes. Colored Candles: Candlesticks dynamically change color based on the trend direction (green for uptrends, red for downtrends). Buy/Sell Markers: Buy Signal: A green upward triangle below the bar, marking the start of an uptrend. Sell Signal: A red downward triangle above the bar, marking the start of a downtrend. In Summary The Double RSI (DRSI) indicator is a powerful tool for identifying uptrends and downtrends with: Smoothed trend detection using double-calculated RSI values. Clear, actionable buy and sell signals. Customizable settings to match different trading styles. By focusing on trend thresholds rather than overbought or oversold levels, the DRSI provides traders with precise, noise-free signals to optimize their trading decisions.
Pine Script® göstergesi
Clokivez tarafından
6
VolWRSI### Description of the `VolWRSI` Script The `VolWRSI` script is a TradingView Pine Script indicator designed to provide a volume-weighted Relative Strength Index (RSI) combined with abnormal activity detection in both volume and price. This multi-faceted approach aims to enhance trading decisions by identifying potential market conditions influenced by both price movements and trading volume. #### Key Features 1. **Volume-Weighted RSI Calculation**: - The core of the script calculates a volume-weighted RSI, which gives more significance to price movements associated with higher volume. This helps traders understand the strength of price movements more accurately. 2. **Abnormal Activity Detection**: - The script includes calculations for abnormal volume and price changes using standard deviation (SD) multiples. This feature alerts traders to potential unusual activity, which could indicate upcoming volatility or market manipulation. 3. **Market Structure Filtering**: - The script assesses market structure by identifying pivot highs and lows, allowing for better contextual analysis of price movements. This includes identifying bearish and bullish divergences, which can signal potential reversals. 4. **Color-Coded Signals**: - The indicator visually represents market conditions using different bar colors for various scenarios, such as bearish divergence, likely price manipulation, and high-risk moves on low volume. This allows traders to quickly assess market conditions at a glance. 5. **Conditional Signal Line**: - The signal line is displayed only when institutional activity conditions are met, remaining hidden otherwise. This adds an extra layer of filtering to prevent unnecessary signals, focusing only on significant market moves. 6. **Overbought and Oversold Levels**: - The script defines overbought and oversold thresholds, enhancing the trader's ability to spot potential reversal points. Color gradients help visually distinguish between these critical levels. 7. **Alerts**: - The script includes customizable alert conditions for various market signals, including abnormal volume spikes and RSI crossings over specific thresholds. This keeps traders informed in real-time, enhancing their ability to act promptly. #### Benefits of Using the `VolWRSI` Script - **Enhanced Decision-Making**: By integrating volume into the RSI calculation, the script helps traders make more informed decisions based on the strength of price movements rather than price alone. - **Early Detection of Market Manipulation**: The abnormal activity detection can help traders identify potentially manipulative market behavior, allowing them to act or adjust their strategies accordingly. - **Visual Clarity**: The use of color-coding and graphical elements (such as shapes and fills) provides clear visual cues about market conditions, which can be especially beneficial for traders who rely on quick visual assessments. - **Risk Management**: The identification of high-risk low-volume moves helps traders manage their exposure better, potentially avoiding trades that may lead to unfavorable outcomes. - **Reduced Noise with Institutional Activity Filtering**: The conditional signal line only plots when institutional activity conditions are detected, providing higher confidence in signals by excluding lower-conviction setups. - **Customization**: With adjustable parameters for length, thresholds, and colors, traders can tailor the script to their specific trading styles and preferences. Overall, the `VolWRSI` script combines technical analysis tools in a coherent framework, aiming to provide traders with deeper insights into market dynamics and higher-quality trade signals, potentially leading to more profitable trading decisions.
Pine Script® göstergesi
Pricelespip tarafından
RSI - EMA - WMA ( Phat-Truong )Indicator: RSI ( EMA - WMA ) This indicator, named "RSI ( EMA - WMA )", is a versatile tool designed to provide insights into market momentum and trend strength by combining multiple technical indicators. The Relative Strength Index (RSI) is a popular momentum oscillator used to measure the speed and change of price movements. In this indicator, RSI is plotted alongside its Exponential Moving Average (EMA) and Weighted Moving Average (WMA). EMA and WMA are smoothing techniques applied to RSI to help identify trends more clearly. Key features of this indicator include: RSI: The main RSI line is plotted on the chart, offering insights into overbought and oversold conditions. EMA of RSI: The Exponential Moving Average of RSI smooths out short-term fluctuations, aiding in trend identification. WMA of RSI: The Weighted Moving Average of RSI gives more weight to recent data points, providing a faster response to price changes. Additionally, this indicator marks specific RSI levels considered as bullish and bearish trends, helping traders identify potential entry or exit points based on market sentiment. By combining these technical indicators, traders can gain a comprehensive understanding of market dynamics, helping them make more informed trading decisions.
Pine Script® göstergesi
Phat-Truong tarafından
1
RSI from Rolling VWAP [CHE]Introducing the RSI from Rolling VWAP Indicator Elevate your trading strategy with the RSI from Rolling VWAP —a cutting-edge indicator designed to provide unparalleled insights and enhance your decision-making on TradingView. This advanced tool seamlessly integrates the Relative Strength Index (RSI) with a Rolling Volume-Weighted Average Price (VWAP) to deliver precise and actionable trading signals. Why Choose RSI from Rolling VWAP ? - Clear Trend Detection: Our enhanced algorithms ensure accurate identification of bullish and bearish trends, allowing you to capitalize on market movements with confidence. - Customizable Time Settings: Tailor the time window in days, hours, and minutes to align perfectly with your unique trading strategy and market conditions. - Flexible Moving Averages: Select from a variety of moving average types—including SMA, EMA, WMA, and more—to smooth the RSI, providing clearer trend analysis and reducing market noise. - Threshold Alerts: Define upper and lower RSI thresholds to effortlessly spot overbought or oversold conditions, enabling timely and informed trading decisions. - Visual Enhancements: Enjoy a visually intuitive interface with color-coded RSI lines, moving averages, and background fills that make interpreting market data straightforward and efficient. - Automatic Signal Labels: Receive immediate bullish and bearish labels directly on your chart, signaling potential trading opportunities without the need for constant monitoring. Key Features - Inspired by Proven Tools: Building upon the robust foundation of TradingView's Rolling VWAP, our indicator offers enhanced functionality and greater precision. - Volume-Weighted Insights: By incorporating volume into the VWAP calculation, gain a deeper understanding of price movements and market strength. - User-Friendly Configuration: Easily adjust settings to match your trading preferences, whether you're a novice trader or an experienced professional. - Hypothesis-Driven Analysis: Utilize hypothetical results to backtest strategies, understanding that past performance does not guarantee future outcomes. How It Works 1. Data Integration: Utilizes the `hlc3` (average of high, low, and close) as the default data source, with customization options available to suit your trading needs. 2. Dynamic Time Window: Automatically calculates the optimal time window based on an auto timeframe or allows for fixed time periods, ensuring flexibility and adaptability. 3. Rolling VWAP Calculation: Accurately computes the Rolling VWAP by balancing price and volume over the specified time window, providing a reliable benchmark for price action. 4. RSI Analysis: Measures momentum through RSI based on Rolling VWAP changes, smoothed with your chosen moving average for enhanced trend clarity. 5. Actionable Signals: Detects and labels bullish and bearish conditions when RSI crosses predefined thresholds, offering clear indicators for potential market entries and exits. Seamless Integration with Your TradingView Experience Adding the RSI from Rolling VWAP to your TradingView charts is straightforward: 1. Add to Chart: Simply copy the Pine Script code into TradingView's Pine Editor and apply it to your desired chart. 2. Customize Settings: Adjust the Source Settings, Time Settings, RSI Settings, MA Settings, and Color Settings to align with your trading strategy. 3. Monitor Signals: Watch for RSI crossings above or below your set thresholds, accompanied by clear labels indicating bullish or bearish trends. 4. Optimize Your Trades: Leverage the visual and analytical strengths of the indicator to make informed buy or sell decisions, maximizing your trading potential. Disclaimer: The content provided, including all code and materials, is strictly for educational and informational purposes only. It is not intended as, and should not be interpreted as, financial advice, a recommendation to buy or sell any financial instrument, or an offer of any financial product or service. All strategies, tools, and examples discussed are provided for illustrative purposes to demonstrate coding techniques and the functionality of Pine Script within a trading context. Any results from strategies or tools provided are hypothetical, and past performance is not indicative of future results. Trading and investing involve high risk, including the potential loss of principal, and may not be suitable for all individuals. Before making any trading decisions, please consult with a qualified financial professional to understand the risks involved. By using this script, you acknowledge and agree that any trading decisions are made solely at your discretion and risk. Get Started Today Transform your trading approach with the RSI from Rolling VWAP indicator. Experience the synergy of momentum and volume-based analysis, and unlock the potential for more accurate and profitable trades. Download now and take the first step towards a more informed and strategic trading journey! For further inquiries or support, feel free to contact Best regards Chervolino Inspired by the acclaimed Rolling VWAP by TradingView
Pine Script® göstergesi
chervolino tarafından
2
XAU/USD Strategy with Correct ADX and Bollinger Bands Fill1. *Indicators Used*: - *Exponential Moving Averages (EMAs)*: Two EMAs (20-period and 50-period) are used to identify the trend direction and potential entry points based on crossovers. - *Relative Strength Index (RSI)*: A momentum oscillator that measures the speed and change of price movements. It identifies overbought and oversold conditions. - *Bollinger Bands*: These consist of a middle line (simple moving average) and two outer bands (standard deviations away from the middle). They help to identify price volatility and potential reversal points. - *Average Directional Index (ADX)*: This indicator quantifies trend strength. It's derived from the Directional Movement Index (DMI) and helps confirm the presence of a strong trend. - *Average True Range (ATR)*: Used to calculate position size based on volatility, ensuring that trades align with the trader's risk tolerance. 2. *Entry Conditions*: - *Long Entry*: - The 20 EMA crosses above the 50 EMA (indicating a potential bullish trend). - The RSI is below the oversold level (30), suggesting the asset may be undervalued. - The price is below the lower Bollinger Band, indicating potential price reversal. - The ADX is above a specified threshold (25), confirming that there is sufficient trend strength. - *Short Entry*: - The 20 EMA crosses below the 50 EMA (indicating a potential bearish trend). - The RSI is above the overbought level (70), suggesting the asset may be overvalued. - The price is above the upper Bollinger Band, indicating potential price reversal. - The ADX is above the specified threshold (25), confirming trend strength. 3. *Position Sizing*: - The script calculates the position size dynamically based on the trader's risk per trade (expressed as a percentage of the total capital) and the ATR. This ensures that the trader does not risk more than the specified percentage on any single trade, adjusting the position size according to market volatility. 4. *Exit Conditions*: - The strategy uses a trailing stop-loss mechanism to secure profits as the price moves in the trader's favor. The trailing stop is set at a percentage (1.5% by default) below the highest price reached since entry for long positions and above the lowest price for short positions. - Additionally, if the RSI crosses back above the overbought level while in a long position or below the oversold level while in a short position, the position is closed to prevent losses. 5. *Alerts*: - Alerts are set to notify the trader when a buy or sell condition is met based on the strategy's rules. This allows for timely execution of trades. ### Summary This strategy aims to capture significant price movements in the XAU/USD market by combining trend-following (EMAs, ADX) and momentum indicators (RSI, Bollinger Bands). The dynamic position sizing based on ATR helps manage risk effectively. By implementing trailing stops and alert mechanisms, the strategy enhances the trader's ability to act quickly on opportunities while mitigating potential losses.
Pine Script® stratejisi
tanukuchittibabu tarafından
Risk Management Calculator with Fees and Take Profit [CHE]Risk Management Calculator with Fees and Take Profit Welcome to the Risk Management Calculator with Fees and Take Profit script! This powerful tool is designed to help traders manage their risk effectively, calculate leverage, and set take profit targets. The script is inspired by and builds upon the ideas from the following TradingView script: (). This script is inspired by and builds upon the ideas from the following TradingView script: Features 1. Portfolio Size Input: Enter the size of your portfolio to accurately calculate your risk and leverage. 2. Max Loss Percent Input: Specify the maximum percentage of your portfolio that you are willing to risk on a single trade. 3. Max Leverage Input: Set the maximum leverage you are comfortable using. 4. Trading Fee Input: Include trading fees in your calculations to get a more realistic view of your potential losses and gains. 5. ATR Settings: Configure the ATR period and multiplier to calculate your stop loss and take profit levels. 6. RSI Settings: Adjust the RSI period for trend analysis. How to Use Portfolio Size - Description: This is the total value of your trading account. - Input: `portfolioSize` - Default Value: 100 - Minimum Value: 0.001 Max Loss Percent - Description: The maximum percentage of your portfolio you are willing to lose on a single trade. - Input: `maxLossPercent` - Default Value: 3% - Range: 0.1% to 100% Max Leverage - Description: The maximum leverage you wish to use. - Input: `maxLeverage` - Default Value: 125 - Range: 1 to 125 Trading Fee - Description: The fee percentage you pay per trade. - Input: `feeRate` - Default Value: 1% - Range: 0% to 10% ATR Settings - ATR Period: Number of bars used to calculate the Average True Range. - Input: `atrPeriod` - Default Value: 5 - ATR Multiplier: Multiplier for ATR to set stop loss levels. - Input: `atrMultiplier` - Default Value: 2.0 Take Profit Multiplier - Description: Multiplier for ATR to set take profit levels. - Input: `takeProfitMultiplier` - Default Value: 2.0 RSI Settings - RSI Period: Period for the RSI calculation. - Input: `rsiPeriod` - Default Value: 14 Dashboard The script includes a customizable dashboard that displays the following information: - Portfolio Size - Maximum Loss Amount - Entry Price - Stop Loss Price - Stop Loss Percentage - Calculated Leverage - Order Value - Order Quantity - Trend Direction - Adjusted Maximum Loss Percentage - Take Profit Price Dashboard Settings - Location: Choose the position of the dashboard on the chart. - Options: 'Top Right', 'Bottom Right', 'Top Left', 'Bottom Left' - Size: Adjust the size of the dashboard text. - Options: 'Tiny', 'Small', 'Normal', 'Large' - Text/Frame Color: Set the color for the text and frame of the dashboard. Underlying Principles and Assumptions Leverage Calculation The leverage calculation is fundamental to risk management in trading. It ensures that the risk per trade does not exceed a specified percentage of the portfolio. This calculation takes into account the potential loss from the entry price to the stop loss level, adjusted for trading fees. By dividing the maximum acceptable loss by the total potential loss (including fees), we derive a leverage that limits the exposure per trade. This approach helps traders avoid over-leveraging, which can lead to significant losses. ATR and Stop Loss The Average True Range (ATR) is used to set stop loss levels because it measures market volatility. A higher ATR indicates more volatility, which means wider stop losses are needed to avoid being prematurely stopped out by normal market fluctuations. By using an ATR multiplier, the stop loss is dynamically adjusted based on current market conditions, providing a more robust risk management strategy. Take Profit Calculation The take profit level is calculated as a multiple of the ATR, ensuring that it is set at a realistic level relative to market volatility. This method aims to capture significant price movements while avoiding the noise of smaller fluctuations. Setting take profit targets this way helps in locking in profits when the market moves favorably. RSI for Trend Confirmation The Relative Strength Index (RSI) is used to confirm the trend direction. An RSI above 50 typically indicates a bullish trend, while an RSI below 50 indicates a bearish trend. By aligning trades with the prevailing trend, the script increases the probability of successful trades. This trend confirmation helps in making informed decisions about leverage and position sizing. Risk Color Coding The script uses color coding to visually indicate the risk level and trend direction. Green indicates a favorable condition for long trades, red for short trades, and gray for neutral conditions. This intuitive color coding aids in quickly assessing the market conditions and making timely trading decisions. Conclusion This script aims to provide a comprehensive risk management tool for traders. By integrating portfolio size, leverage, fees, ATR, and RSI, it helps in making informed trading decisions. We hope you find this tool useful in your trading journey. Happy Trading!
Pine Script® göstergesi
chervolino tarafından
2
Wall Street Cheat Sheet IndicatorThe Wall Street Cheat Sheet Indicator is a unique tool designed to help traders identify the psychological stages of the market cycle based on the well-known Wall Street Cheat Sheet. This indicator integrates moving averages and RSI to dynamically label market stages, providing clear visual cues on the chart. Key Features: Dynamic Stage Identification: The indicator automatically detects and labels market stages such as Disbelief, Hope, Optimism, Belief, Thrill, Euphoria, Complacency, Anxiety, Denial, Panic, Capitulation, Anger, and Depression. These stages are derived from the emotional phases of market participants, helping traders anticipate market movements. Technical Indicators: The script uses two key technical indicators: 200-day Simple Moving Average (SMA): Helps identify long-term market trends. 50-day Simple Moving Average (SMA): Aids in recognizing medium-term trends. Relative Strength Index (RSI): Assesses the momentum and potential reversal points based on overbought and oversold conditions. Clear Visual Labels: The current market stage is displayed directly on the chart, making it easy to spot trends and potential turning points. Usefulness: This indicator is not just a simple mashup of existing tools. It uniquely combines the concept of market psychology with practical technical analysis tools (moving averages and RSI). By labeling the psychological stages of the market cycle, it provides traders with a deeper understanding of market sentiment and potential future movements. How It Works: Disbelief: Detected when the price is below the 200-day SMA and RSI is in the oversold territory, indicating a potential bottom. Hope: Triggered when the price crosses above the 50-day SMA, with RSI starting to rise but still below 50, suggesting an early uptrend. Optimism: Occurs when the price is above the 50-day SMA and RSI is between 50 and 70, indicating a strengthening trend. Belief: When the price is well above the 50-day SMA and RSI is between 70 and 80, showing strong bullish momentum. Thrill and Euphoria: Identified when RSI exceeds 80, indicating overbought conditions and potential for a peak. Complacency to Depression: These stages are identified based on price corrections and drops relative to moving averages and declining RSI values. Best Practices: High-Time Frame Focus: This indicator works best on high-time frame charts, specifically the 1-week Bitcoin (BTCUSDT) chart. The longer time frame provides a clearer picture of the overall market cycle and reduces noise. Trend Confirmation: Use in conjunction with other technical analysis tools such as trendlines, Fibonacci retracement levels, and support/resistance zones for more robust trading strategies. How to Use: Add the Indicator: Apply the Wall Street Cheat Sheet Indicator to your TradingView chart. Analyze Market Stages: Observe the dynamic labels indicating the current stage of the market cycle. Make Informed Decisions: Use the insights from the indicator to time your entries and exits, aligning your trades with the market sentiment. This indicator is a valuable tool for traders looking to understand market psychology and make informed trading decisions based on the stages of the market cycle.
Pine Script® göstergesi
ladi_o tarafından
1
TrendMaster Pro IndicatorThe TrendMaster Pro Indicator is an advanced tool designed to assist traders in identifying potential buy and sell signals by leveraging a combination of exponential moving averages (EMAs), the relative strength index (RSI), and a custom volatility filter. This powerful indicator is suitable for traders of all levels and can be applied to various markets and timeframes, offering flexibility and reliability in trading decisions. Key Features: EMA Crossover Detection: Utilizes a 5-period (short) and 13-period (long) EMA crossover to detect trend changes. A bullish signal is generated when the 5 EMA crosses above the 13 EMA, indicating an upward trend. A bearish signal is generated when the 5 EMA crosses below the 13 EMA, indicating a downward trend. RSI Confirmation: Incorporates a 14-period RSI to confirm the strength of detected trends. A buy signal is validated when the RSI is above 50, indicating bullish momentum. A sell signal is validated when the RSI is below 50, indicating bearish momentum. Custom Volatility Filter: Employs a volatility filter based on the standard deviation of closing prices over a specified period (default is 10 periods). Ensures signals are only generated during periods of significant market movement, reducing noise and false signals. The volatility threshold can be adjusted to suit different market conditions and trading styles. How It Works: EMA Crossover: The TrendMaster Pro Indicator continuously monitors the crossover between the 5-period and 13-period EMAs. A crossover event triggers the initial signal, suggesting a potential change in trend direction. RSI Confirmation: After an EMA crossover, the indicator checks the 14-period RSI value to confirm the trend's strength. This confirmation step helps filter out weak or unreliable signals, ensuring only high-probability trades are considered. Volatility Filter: The indicator calculates the standard deviation of closing prices over the selected period to measure market volatility. Signals are only generated if the volatility exceeds the user-defined threshold, ensuring that trades are made in active and dynamic market conditions. How to Use: Apply the Indicator: Add the TrendMaster Pro Indicator to your trading chart via the TradingView platform. Customize the EMA, RSI, and volatility settings according to your trading preferences and the specific market conditions. Interpret Buy and Sell Signals: Buy Signal: Look for a buy signal when the 5 EMA crosses above the 13 EMA, the RSI is above 50, and volatility exceeds the threshold. This combination indicates a strong bullish trend. Sell Signal: Look for a sell signal when the 5 EMA crosses below the 13 EMA, the RSI is below 50, and volatility exceeds the threshold. This combination indicates a strong bearish trend. Adjust Settings: The default settings can be fine-tuned to match your trading strategy. Adjust the EMA lengths, RSI period, and volatility threshold to optimize the indicator for different assets and timeframes. Unique Features: Comprehensive Trend Detection: Combines multiple indicators (EMAs, RSI, volatility) to provide a holistic view of market trends. Customizable: Easily adjustable settings allow traders to tailor the indicator to their specific needs and preferences. Noise Reduction: The volatility filter ensures signals are generated only during significant market movements, improving signal accuracy and reliability. Conclusion: The TrendMaster Pro Indicator is a versatile and powerful tool that can enhance your trading strategy by providing clear and reliable buy and sell signals. Whether you are a day trader or a swing trader, this indicator can help you navigate the markets with confidence and precision. Add the TrendMaster Pro Indicator to your toolkit today and experience a new level of trading efficiency and effectiveness.
Pine Script® göstergesi
VisionStriker tarafından
RSI EMA WMA (hieuhn)Indicator: RSI & EMA & WMA (14-9-45) This indicator, named "RSI & EMA & WMA", is a versatile tool designed to provide insights into market momentum and trend strength by combining multiple technical indicators. The Relative Strength Index (RSI) is a popular momentum oscillator used to measure the speed and change of price movements. In this indicator, RSI is plotted alongside its Exponential Moving Average (EMA) and Weighted Moving Average (WMA). EMA and WMA are smoothing techniques applied to RSI to help identify trends more clearly. Key features of this indicator include: RSI: The main RSI line is plotted on the chart, offering insights into overbought and oversold conditions. EMA of RSI: The Exponential Moving Average of RSI smooths out short-term fluctuations, aiding in trend identification. WMA of RSI: The Weighted Moving Average of RSI gives more weight to recent data points, providing a faster response to price changes. Additionally, this indicator marks specific RSI levels considered as bullish and bearish trends, helping traders identify potential entry or exit points based on market sentiment. By combining these technical indicators, traders can gain a comprehensive understanding of market dynamics, helping them make more informed trading decisions.
Pine Script® göstergesi
hieuhn97 tarafından
1
Multi-Timeframe RSI Tracker by Ox_kaliThis script, is trend Tracker that serves as an analytical tool for assessing market trends through the lens of the Relative Strength Index (RSI) across multiple timeframes. It caters to individuals who require a detailed examination of market dynamics, leveraging the RSI to gauge the strength and direction of market momentum. Functionality Overview: Multi-Timeframe Analysis: The script evaluates the RSI across an array of timeframes, from 1 minute up to 1 week. This diverse range allows for a comprehensive view of market trends, accommodating strategies that span from intraday to long-term analysis. RSI Trend Interpretation: It utilizes the RSI to determine market trends. Specifically, an RSI value above 50 signals a bullish trend, indicating that positive momentum is prevailing. Conversely, an RSI below 50 suggests a bearish trend, marking a period of negative momentum. This simple yet effective method provides a quick way to assess the market’s direction. Customization and Flexibility: Users can customize the appearance of trend lines with different colors to distinguish between bullish and bearish trends easily. Furthermore, the script includes options to select which timeframes are displayed, allowing users to tailor the analysis to their specific needs. Average Trend Indicator: A important feature is the calculation of an average trend across all selected timeframes. This aggregated trend gives a summarized view of the overall market direction, offering an additional layer of insight. Adjustments and Enhancements: User-Controlled Settings: Beyond the pre-defined color themes (Normal, Modern, Classic, Robust, Accented, Monochrome), the script introduces a user-defined option for maximum customization. This feature empowers users to set their preferred colors for various trend conditions. Label Positioning and RSI Period Customization: The script provides inputs for adjusting label positions and setting the RSI period, enabling a personalized and clear charting experience. Detailed Timeframe Analysis: The inclusion of a wide range of timeframes ensures that users can conduct a detailed examination of market behaviors, facilitating informed decision-making. Operational Note: The Multi-Timeframe RSI Tracker is a tool designed to supplement market analysis within a comprehensive trading strategy. It is crucial for users to integrate this tool within a framework that includes risk management and to familiarize themselves with its functionalities through testing and practice. By offering a detailed perspective on market trends through RSI analysis, this script by Ox_kali provides valuable insights, aiding users in navigating the complexities of the financial markets with an informed approach. Please note that the MTEMA-Tracker is not a guarantee of future market performance and should be used in conjunction with proper risk management. Always ensure that you have a thorough understanding of the indicator’s methodology and its limitations before making any investment decisions. Additionally, past performance is not indicative of future results.
Pine Script® göstergesi
Ox_kali tarafından