NY ORB, VWAP & EMAsIndicator is designed to display key technical analysis tools on your Trading View chart. It includes:
One of the key benefits of this indicator is that it allows Basic Trading View users to set VWAP, EMAs, and ORB in a single indicator. This is particularly useful for users who are limited to a single indicator on their Basic plan, as it provides a comprehensive view of market sentiment, trend, and potential breakouts without the need for multiple indicators.
Features
New York Opening Range Breakout (ORB): Plots the high and low of the first 15 minutes (configurable) of the New York trading session.
Volume Weighted Average Price (VWAP): Displays the VWAP line, which can be toggled on or off.
Exponential Moving Averages (EMAs): Plots four EMAs (9, 21, 50, and 200 periods), which can also be toggled on or off.
Customization
ORB Length: Choose from 5 or 15 minutes for the ORB calculation.
Show VWAP and EMAs: Toggle the visibility of the VWAP and EMA lines on or off.
Usage
This indicator is designed to help traders identify key market levels, trends, and potential breakouts during the New York trading session. The ORB can be used to gauge market sentiment, while the VWAP provides a benchmark for average price action. The EMAs offer additional trend analysis and can be used to identify potential support and resistance levels.
"breakout" için komut dosyalarını ara
Donchian Breakout Strategy📈 Donchian Breakout Strategy (Inspired by Way of the Turtle)
This strategy is a modern adaptation of the legendary Turtle Trading system as taught in Way of the Turtle by Curtis Faith — re-engineered for the crypto market’s volatility, 24/7 nature, and frequent fakeouts.
⸻
🐢 Original Inspiration
The original Turtle system, created by Richard Dennis and William Eckhardt, used:
• Breakouts of Donchian Channels (20-day for entry, 10-day for exit)
• Volatility-based position sizing using ATR (N)
• Simple rules, big trend exposure, and pyramiding to grow winners
It was built for futures and commodities, trading daily bars, assuming stable trading hours and regulated markets.
⸻
🚀 What’s Different in This Strategy?
✅ Optimized for Crypto
• Adapts to constant volatility and price manipulation common in crypto
• Adds commission modeling for realistic results (0.045% default)
✅ Improved Entry Filtering
• Uses EMA filter to align with trend direction
• Adds RSI momentum check to avoid early or weak breakouts
• Optional volatility and volume filters to reduce false signals
✅ Smarter Exits
• ATR-based volatility stop loss, not just Donchian reversal
• Avoids pyramiding to reduce risk from sudden reversals
✅ Backtest-Friendly
• Default backtest window starts from 2025-01-01
• Fully configurable: long/short toggle, filter control, stop loss multiplier
⸻
🧪 Use Case
• Best on trending coins with strong directional moves
• Avoids chop via filters, preserving capital
• Can be tuned for aggressive or conservative setups with just a few tweaks
Failed Breakout DetectionThis indicator is a reverse-engineered copy of the FBD Detection indicator published by xfuturesgod. The original indicator aimed at detecting "Failed Breakdowns". This version tracks the opposite signals, "Failed Breakouts". It was coded with the ES Futures 15 minute chart in mind but may be useful on other instruments and time frames.
The original description, with terminology reversed to explain this version:
'Failed Breakouts' are a popular set up for short entries.
In short, the set up requires:
1) A significant high is made ('initial high')
2) Initial high is undercut with a new high
3) Price action then 'reclaims' the initial high by moving +8-10 points from the initial high
This script aims at detecting such set ups. It was coded with the ES Futures 15 minute chart in mind but may be useful on other instruments and time frames.
Business Logic:
1) Uses pivot highs to detect 'significant' initial highs
2) Uses amplitude threshold to detect a new high above the initial high; used /u/ben_zen script for this
3) Looks for a valid reclaim - a red candle that occurs within 10 bars of the new high
4) Price must reclaim at least 8 points for the set up to be valid
5) If a signal is detected, the initial high value (pivot high) is stored in array that prevents duplicate signals from being generated.
6) FBO Signal is plotted on the chart with "X"
7) Pivot high detection is plotted on the chart with "P" and a label
8) New highs are plotted on the chart with a red triangle
Notes:
User input
- My preference is to use the defaults as is, but as always feel free to experiment
- Can modify pivot length but in my experience 10/10 work best for pivot highs
- New high detection - 55 bars and 0.05 amplitude work well based on visual checks of signals
- Can modify the number of points needed to reclaim a high, and the # of bars limit over which this must occur.
Alerts:
- Alerts are available for detection of new highs and detection of failed breakouts
- Alerts are also available for these signals but only during 7:30PM-4PM EST - 'prime time' US trading hours
Limitations:
- Current version of the script only compares new highs to the most recent pivot high, does not look at anything prior to that
- Best used as a discretionary signal
MLB Momentum IndicatorMLB Momentum Indicator is a no‐lookahead technical indicator designed to signal intraday trend shifts and potential reversal points. It combines several well‐known technical components—Moving Averages, MACD, RSI, and optional ADX & Volume filters—to deliver high‐probability buy/sell signals on your chart.
Below is an overview of how it works and what each part does:
1. Moving Average Trend Filter
The script uses two moving averages (fast and slow) to determine the primary trend:
isUpTrend if Fast MA > Slow MA
isDownTrend if Fast MA < Slow MA
You can select the MA method—SMA, EMA, or WMA—and customize lengths.
Why it matters: The indicator only gives bullish signals if the trend is up, and bearish signals if the trend is down, helping avoid trades that go against the bigger flow.
2. MACD Confirmation (Momentum)
Uses MACD (with user‐defined Fast, Slow, and Signal lengths) to check momentum:
macdBuySignal if the MACD line crosses above its signal line (bullish)
macdSellSignal if the MACD line crosses below its signal line (bearish)
Why it matters: MACD crossovers confirm an emerging momentum shift, aligning signals with actual price acceleration rather than random fluctuation.
3. RSI Overbought/Oversold Filter
RSI (Relative Strength Index) is calculated with a chosen length, plus Overbought & Oversold thresholds:
For long signals: the RSI must be below the Overbought threshold (e.g. 70).
For short signals: the RSI must be above the Oversold threshold (e.g. 30).
Why it matters: Prevents buying when price is already overbought or shorting when price is too oversold, filtering out possible poor‐risk trades.
4. Optional ADX Filter (Trend Strength)
If enabled, ADX must exceed a chosen threshold (e.g., 20) for a signal to be valid:
This ensures you’re only taking trades in markets that have sufficient directional momentum.
Why it matters: It weeds out choppy, sideways conditions where signals are unreliable.
5. Optional Volume Filter (High‐Participation Moves)
If enabled, the indicator checks whether current volume is above a certain multiple of its moving average (e.g., 1.5× average volume).
Why it matters: High volume often indicates stronger institutional interest, validating potential breakouts or reversals.
6. ATR & Chandelier (Visual Reference)
For reference only, the script can display ATR‐based stop levels or a Chandelier Exit line:
ATR (Average True Range) helps gauge volatility and can inform stop‐loss distances.
Chandelier Exit is a trailing stop technique that adjusts automatically as price moves.
Why it matters: Though this version of the script doesn’t execute trades, these lines help you see how far to place stops or how to ride a trend.
7. Final Bullish / Bearish Signal
When all conditions (trend, MACD, RSI, optional ADX, optional Volume) line up for a long, a green “Long” arrow appears.
When all conditions line up for a short, a red “Short” arrow appears.
Why it matters: You get a clear, on‐chart signal for each potential entry, rather than needing to check multiple indicators manually.
8. Session & Date Filtering
The script allows choosing a start/end date and an optional session window (e.g. 09:30–16:00).
Why it matters: Helps limit signals to a specific historical backtest range or trading hours, which can be crucial for day traders (e.g., stock market hours only).
Putting It All Together
Primary Trend → ensures you trade in line with the bigger direction.
MACD & RSI → confirm momentum and avoid overbought/oversold extremes.
ADX & Volume → optional filters for strong trend strength & genuine interest.
Arrows → each potential buy (Long) or sell (Short) signal is clearly shown on your chart.
Use Cases
5‐Minute Scalping: Shorter RSI/MACD lengths to catch small, frequent intraday moves.
Swing Trading: Larger MAs, bigger RSI thresholds, and using ADX to filter only major trends.
Cautious Approach: Enable volume & ADX filters to reduce false signals in choppy markets.
Benefits & Limitations
Benefits:
Consolidates multiple indicators into one overlay.
Clear buy/sell signals with optional dynamic volatility references.
Flexible user inputs adapt to different trading styles/timeframes.
Limitations:
Like all technical indicators, it can produce false signals in sideways or news‐driven markets.
Success depends heavily on user settings and the particular market’s behavior.
Summary
The MLB Momentum Indicator combines a trend filter (MAs), momentum check (MACD), overbought/oversold gating (RSI), and optional ADX/Volume filters to create clear buy/sell arrows on your chart. This approach encourages trading in sync with both trend and momentum, and helps avoid suboptimal entries when volume or trend strength is lacking. It can be tailored to scalp micro‐moves on lower timeframes or used for higher‐timeframe swing trading by adjusting the input settings.
Geometric Momentum Breakout with Monte CarloOverview
This experimental indicator uses geometric trendline analysis combined with momentum and Monte Carlo simulation techniques to help visualize potential breakout areas. It calculates support, resistance, and an aggregated trendline using a custom Geo library (by kaigouthro). The indicator also tracks breakout signals in a way that a new buy signal is triggered only after a sell signal (and vice versa), ensuring no repeated signals in the same direction.
Important:
This script is provided for educational purposes only. It is experimental and should not be used for live trading without proper testing and validation.
Key Features
Trendline Calculation:
Uses the Geo library to compute support and resistance trendlines based on historical high and low prices. The midpoint of these trendlines forms an aggregated trendline.
Momentum Analysis:
Computes the Rate of Change (ROC) to determine momentum. Breakout conditions are met only if the price and momentum exceed a user-defined threshold.
Monte Carlo Simulation:
Simulates future price movements to estimate the probability of bullish or bearish breakouts over a specified horizon.
Signal Tracking:
A persistent variable ensures that once a buy (or sell) signal is triggered, it won’t repeat until the opposite signal occurs.
Geometric Enhancements:
Calculates an aggregated trend angle and channel width (distance between support and resistance), and draws a perpendicular “breakout zone” line.
Table Display:
A built-in table displays key metrics including:
Bullish probability
Bearish probability
Aggregated trend angle (in degrees)
Channel width
Alerts:
Configurable alerts notify when a new buy or sell breakout signal occurs.
Inputs
Resistance Lookback & Support Lookback:
Number of bars to look back for determining resistance and support points.
Momentum Length & Threshold:
Period for ROC calculation and the minimum percentage change required for a breakout confirmation.
Monte Carlo Simulation Parameters:
Simulation Horizon: Number of future bars to simulate.
Simulation Iterations: Number of simulation runs.
Table Position & Text Size:
Customize where the table is displayed on the chart and the size of the text.
How to Use
Add the Script to Your Chart:
Copy the code into the Pine Script editor on TradingView and add it to your chart.
Adjust Settings:
Customize the inputs (e.g., lookback periods, momentum threshold, simulation parameters) to fit your analysis or educational requirements.
Interpret Signals:
A buy signal is plotted as a green triangle below the bar when conditions are met and the state transitions from neutral or sell.
A sell signal is plotted as a red triangle above the bar when conditions are met and the state transitions from neutral or buy.
Alerts are triggered only on the bar where a new signal is generated.
Examine the Table:
The table displays key metrics (breakout probabilities, aggregated trend angle, and channel width) to help evaluate current market conditions.
Disclaimer
This indicator is experimental and provided for educational purposes only. It is not intended as a trading signal or financial advice. Use this script at your own risk, and always perform your own research and testing before using any experimental tools in live trading.
Credit
This indicator uses the Geo library by kaigouthro. Special thanks to Cryptonerds and @Hazzantazzan for their contributions and insights.
Accumulation & Breakout Detectorاستراتيجية كشف التجميع والاستعداد للانطلاق
الوصف العام:
تهدف هذه الاستراتيجية إلى اكتشاف الأصول المالية (الأسهم أو العملات الرقمية) التي تمر بمرحلة التجميع، حيث يتحرك السعر في نطاق ضيق مع انخفاض في حجم التداول، مما يشير إلى احتمال قرب حدوث انطلاق صعودي. بمجرد تحقق شروط معينة، تعطي الاستراتيجية إشارة تفيد بأن الأصل المالي جاهز للخروج من التجميع والانطلاق في اتجاه صاعد.
شروط التجميع (Accumulation Phase):
تشير مرحلة التجميع إلى فترة يتم فيها تكديس الأصول من قبل المستثمرين الكبار قبل التحرك الكبير. تحدث إشارات التجميع عندما تتحقق الشروط التالية:
السعر يتحرك داخل نطاق ضيق بين الحد العلوي والسفلي لمؤشر بولينجر باند.
السعر أقل من المتوسط المتحرك 50 والمتوسط المتحرك 200، مما يدل على وجود اتجاه هابط أو فترة تكديس.
مؤشر القوة النسبية (RSI) أقل من 40، مما يشير إلى التشبع البيعي واحتمالية حدوث انعكاس قريب.
حجم التداول أقل من متوسط حجم التداول (50 شمعة) بنسبة 1.2، مما يدل على انخفاض الاهتمام بالأصل قبل الحركة القوية.
عند تحقق هذه الشروط، يظهر نقطة زرقاء على المخطط، مما يشير إلى أن الأصل المالي قد يكون في مرحلة تجميع.
شروط قرب الانطلاق (Breakout Readiness Phase):
عند انتهاء مرحلة التجميع، يدخل الأصل المالي في مرحلة الاستعداد للانطلاق، والتي تحدث عند تحقق الشروط التالية:
السعر يخترق المتوسط المتحرك 50، مما يدل على بداية اتجاه صعودي.
حجم التداول يرتفع فوق متوسط حجم التداول (50 شمعة) بنسبة 1.5، مما يشير إلى دخول سيولة قوية.
مؤشر القوة النسبية (RSI) يتجاوز 50، مما يعكس تحسن الزخم الصعودي.
عند تحقق هذه الشروط، تظهر نقطة خضراء على المخطط، مما يشير إلى أن الأصل المالي جاهز للانطلاق.
كيفية استخدام الإشارات؟
النقاط الزرقاء تعني أن الأصل المالي في مرحلة تجميع محتملة، وقد يكون من المناسب مراقبته استعدادًا لحركة قادمة.
النقاط الخضراء تعني أن الأصل المالي جاهز للخروج من التجميع وقد يكون في طريقه للانطلاق الصعودي.
يمكن استخدام هذه الإشارات مع أدوات تحليل إضافية مثل مستويات الدعم والمقاومة، النماذج السعرية، أو المؤشرات الأخرى لتأكيد القرار قبل التداول.
🚀 هذه الاستراتيجية مفيدة للمتداولين الذين يبحثون عن فرص دخول مبكرة في الاتجاهات الصاعدة بعد انتهاء فترات التجميع.
Accumulation & Breakout Detection Strategy
General Description:
This strategy aims to identify financial assets (stocks or cryptocurrencies) that are in an accumulation phase, where price moves within a narrow range with low trading volume, signaling a potential breakout. Once certain conditions are met, the strategy provides an alert indicating that the asset is ready to break out and move upward.
Accumulation Phase Conditions:
The accumulation phase occurs when large investors accumulate assets before a significant price move. The strategy detects accumulation when the following conditions are met:
Price moves within a narrow range between the upper and lower Bollinger Bands.
Price is below both the 50-period and 200-period moving averages, indicating a downtrend or consolidation.
Relative Strength Index (RSI) is below 40, suggesting an oversold condition with a possible reversal.
Trading volume is less than 1.2 times the 50-period average volume, indicating weak activity before a strong move.
When these conditions are met, a blue dot appears on the chart, signaling a potential accumulation phase.
Breakout Readiness Phase Conditions:
Once the accumulation phase ends, the asset enters the breakout readiness phase, which occurs when the following conditions are met:
Price breaks above the 50-period moving average, signaling the start of an uptrend.
Trading volume increases above 1.5 times the 50-period average volume, indicating strong liquidity inflow.
RSI rises above 50, reflecting positive momentum and increasing bullish strength.
When these conditions are met, a green dot appears on the chart, indicating that the asset is ready for a breakout.
How to Use the Signals?
Blue dots indicate that the asset is in a potential accumulation phase, suggesting it may soon break out.
Green dots indicate that the asset is ready to break out and move upward.
These signals can be combined with additional technical analysis tools such as support/resistance levels, chart patterns, or other indicators for confirmation before making a trade.
🚀 This strategy is useful for traders looking for early entry points in uptrending markets following accumulation phases.
FVG Breakout/BreakdownThe FVG Breakout/Breakdown indicator is designed to identify potential breakout and breakdown opportunities in the market, based on the concept of Fair Value Gaps (FVGs). FVGs are areas where price moves too quickly, leaving behind gaps between candlesticks, often seen as areas of inefficiency or imbalance that the market tends to revisit.
Key Concepts:
Fair Value Gaps (FVG):
FVG occurs when a price gap is created between candlesticks, typically when the high of one candle is lower than the low of the previous candle (for a bearish FVG) or the low of one candle is higher than the high of the previous candle (for a bullish FVG).
These gaps represent an imbalance between buying and selling pressure, and the market often revisits them, making them valuable for identifying potential entry points.
Bullish FVG: This occurs when the low of the current candle is higher than the high of the previous candle.
Condition: low > high
Bearish FVG: This occurs when the high of the current candle is lower than the low of the previous candle.
Condition: high < low
Breakout/Breakdown Signals:
Breakout: A bullish breakout signal occurs when the price breaks above a defined resistance level after an FVG gap. This suggests that the market may continue moving higher.
Breakdown: A bearish breakdown signal occurs when the price breaks below a defined support level after an FVG gap. This suggests that the market may continue moving lower.
NWOG (New Week Opening Gap):
The NWOG can be used as an additional factor to confirm the FVG signal. The gap between Friday's close and Monday's open is a crucial level for identifying the start of a new move for the week.
NWOG helps to further refine the timing of breakout or breakdown signals, only triggering them when price moves relative to the Monday Open and shows a new direction.
[AlbaTherium] Volume Venturius Premium Volume Venturius Premium
Introduction
The Volume Venturius Premium is an advanced market analysis tool designed to deeply investigate the behavior of active market participants. By focusing exclusively on executed market orders, Volume Venturius offers traders a unique perspective on buy and sell volumes. Unlike traditional order books that track passive orders, this indicator isolates active orders, shedding light on real market dynamics.
Chapter 1: Understanding Market Participants
1.1 Categories of Market Participants
Market participants can be classified into several categories based on their:
Size : The volume of trades executed.
Influence : Their ability to initiate bull or bear campaigns.
Strategy : The trading methods employed, such as scalping, swing trading, or high-frequency trading.
Objectives : Whether their focus is on speculation, hedging, or arbitrage.
Time Horizon : Short-term versus long-term goals.
Behavioral Patterns : Their reaction to liquidity levels or price movements.
1.2 Objectives of Market Participants
Each category pursues specific objectives, such as profit-making or risk management. Regulatory reports like the Commitment of Traders (COT) provide weekly insights into the positions and intentions of major players.
Chapter 2: The Philosophy of Volume Analysis
2.1 Active Orders vs. Passive Orders
Unlike passive orders waiting to be filled at specific prices, active orders directly impact market prices. By focusing on these executed orders, Volume Venturius Premium provides traders with actionable insights into market trends and momentum.
2.2 Wyckoff’s Market Dynamics
According to Wyckoff, markets operate in two primary phases:
Manipulation: Where large participants accumulate or distribute positions to prepare for a move.
Expansion: The phase where price trends begin to unfold, either in a bullish or bearish direction.
Wyckoff’s theory emphasizes understanding how major players manipulate the market to identify accumulation or distribution zones. Volume Venturius Premium aids in pinpointing these manipulative actions by analyzing volume and order flow data.
Chapter 3: The Secrets of Order Flow and Volume
3.1 Unveiling Market Control
By studying the positioning and execution volumes of large players, traders can discern who holds control in the market. Volume Venturius Premium identifies the balance of power and tracks shifts that signal potential trend reversals.
3.2 Behavioral Patterns in Volume
Key metrics tracked by Volume Venturius Premium include:
Volume Clusters : Areas of concentrated buying or selling activity.
Directional Bias : Whether market participants are net buyers or sellers.
Momentum Shifts : Changes in execution speed and volume that may precede major moves.
3.2.1 Volume Clusters, Directional Bias and Directional Bias: Areas of Concentrated Buying or Selling Activity
Volume clusters play a crucial role in understanding market dynamics by highlighting areas where aggressive buying or selling activity is most concentrated. These clusters often serve as key decision zones, providing insights into potential reversals, breakouts, or continuations. To better visualize and interpret these zones, a distinct color-coding system has been implemented. Each color represents a specific market condition or level of activity, allowing for a more intuitive analysis of volume behavior and its influence on price movement.
Below is a detailed explanation of the color logic used to represent these clusters and their significance within the trading framework.
Color Interpretation and Meaning :
Extra Extreme Zones
These zones highlight areas where clusters of aggressive buyers or sellers are most heavily concentrated. They represent critical levels for identifying potential reversals or strong continuations.
Bright Red (#ff003c) : Represents extra-extreme sell zones, where aggressive sellers dominate.
Meaning: Indicates extreme selling pressure, often signaling potential exhaustion of sellers.
Bright Blue (#001eff) : Represents extra-extreme buy zones, where aggressive buyers are most active.
Meaning: Shows extreme buying pressure, possibly marking a saturation point for buyers.
Main Zones
These zones help identify key levels based on volume activity and well-defined clusters.
Dark Red (#d60033) : Represents strong selling pressure.
Orange (#ff8000) : Indicates significant selling pressure that begins to fade.
Yellow (#ffff00) : Represents moderate selling pressure, signaling a potential slowdown.
White (#ffffff) : Marks transition zones, which are interesting entry points for potential reversals or continuations.
Transition Zones (Frontier Zones)
These zones indicate intermediate movements and potential shifts in momentum.
Transparent Black (#000000, 50) : Represents transition areas, where the market tests boundaries between buyers and sellers.
Meaning: These are critical decision points.
Neutral Zone (Sea Zone)- Trend Zones
These zones represent more balanced market activity, where neither buyers nor sellers dominate clearly.
Transparent Green (#00e040, 25) : Indicates slight bullish activity in a neutral zone.
Transparent Red (#e01a00, 25) : Indicates slight bearish activity in a neutral zone.
This color logic allows you to pinpoint areas where volume clusters show a clear dominance, exhaustion, or optimal entry opportunities.
3.3 Divergences Between Price and Volume
Divergences between price and volume are critical for identifying key shifts in market sentiment. Volume Venturius Premium distinguishes two main types of divergences: Lack of Participation and Absorption, each offering valuable signals for potential reversals or continuations.
Lack of Participation
This divergence occurs when price movements are not supported by corresponding volume dynamics, signaling a reduction in activity from significant market participants.
1. Bullish Lack of Participation:
Characteristics : Price is making lower lows, but volume is making higher lows.
This indicates waning selling pressure as prices drop.
Inference : A potential bullish reversal may occur. Traders could consider looking for opportunities to go long.
2.Bearish Lack of Participation:
Characteristics : Price is making higher highs, but volume is making lower highs. This suggests diminishing buying pressure even as prices rise.
Inference : A potential bearish reversal might follow. Traders might position to go short.
Absorption
Absorption occurs when larger market participants neutralize the pressure from smaller participants, often leading to significant market moves.
1.Bullish Absorption:
Characteristics : Price is making higher bottoms, but volume is making lower bottoms.
This reflects sellers being trapped as their selling efforts are absorbed by larger buyers.
Inference : A potential upward breakout is likely. Traders may look for opportunities to go long.
2.Bearish Absorption:
Characteristics : Price is making lower tops, but volume is making higher tops. This indicates buyers being trapped as larger sellers absorb their buying activity.
Inference : A downward breakout is probable. Traders may consider positioning to go short.
Chapter 4: Practical Application and Trading Strategies
4.1 Leveraging Active Order Insights
Learn how to use Volume Venturius Premium to detect hidden accumulation or distribution phases. Strategies include identifying spikes in active volume that signal institutional participation.
4.2 Confirming Bull and Bear Campaigns
Gain confidence in detecting the early stages of bullish or bearish campaigns by analyzing the interplay between active orders and volume flow.
Chapter 5: Real-World Examples
5.1 Analyzing Market Manipulation
See how Volume Venturius Premium can reveal manipulation tactics employed by large players to trigger liquidity events.
5.2 Spotting Trends with Active Orders
Real-life scenarios demonstrate how the tool can be used to identify and ride the market’s dominant trend.
Conclusion
The Volume Venturius Premium is an indispensable tool for traders who seek to understand the underlying mechanics of market movement. By focusing on active order flows and drawing on Wyckoff’s principles, it provides unique insights into market manipulation and expansion phases. Whether you’re an intraday trader or a long-term strategist, this tool empowers you to anticipate market shifts and trade with confidence.
Stay tuned for updates as we continue to refine Volume Venturius Premium to further enhance your trading journey.
Inside Bar Setup [as]Inside Bar Setup Indicator Description
The **Inside Bar Setup ** indicator is a powerful tool for traders to identify and visualize inside bar patterns on their charts. An inside bar pattern occurs when the current candle's high is lower than the previous candle's high, and the current candle's low is higher than the previous candle's low. This pattern can indicate a potential breakout or a continuation of the existing trend.
Key Features:
1. **Highlight Inside Bar Patterns:**
- The indicator highlights inside bar patterns with distinct colors for bullish and bearish bars. Bullish inside bars are colored with the user-defined bull bar color (default lime), and bearish inside bars are colored with the user-defined bear bar color (default maroon).
2. **Marking Mother Candle High and Low:**
- The high and low of the mother candle (the candle preceding the inside bar) are marked with horizontal lines. The high is marked with a green line, and the low is marked with a red line.
- These levels are labeled as "Range High" and "Range Low" respectively, with the labels displayed a few bars to the right for clarity. The labels have a semi-transparent background for better visibility.
3. **Target Levels:**
- The indicator calculates and plots potential target levels (T1 and T2) for both long and short positions based on user-defined multipliers of the mother candle's range.
- For long positions, T1 and T2 are plotted above the mother candle's high.
- For short positions, T1 and T2 are plotted below the mother candle's low.
- These target levels are optional and can be toggled on or off via the input settings.
4. **Customizable Inputs:**
- **Colors:**
- Bull Bar Color: Customize the color for bullish inside bars.
- Bear Bar Color: Customize the color for bearish inside bars.
- **Long Targets:**
- Show Long T1: Toggle the display of the first long target.
- Show Long T2: Toggle the display of the second long target.
- Long T1: Multiplier for the first long target above the mother candle's high.
- Long T2: Multiplier for the second long target above the mother candle's high.
- **Short Targets:**
- Show Short T1: Toggle the display of the first short target.
- Show Short T2: Toggle the display of the second short target.
- Short T1: Multiplier for the first short target below the mother candle's low.
- Short T2: Multiplier for the second short target below the mother candle's low.
5. **New Day Detection:**
- The indicator detects the start of a new day and clears the inside bar arrays, ensuring that the pattern detection is always current.
#### Usage:
- Add the indicator to your TradingView chart.
- Customize the inputs to match your trading strategy.
- Watch for highlighted inside bars to identify potential breakout opportunities.
- Use the marked range highs and lows, along with the calculated target levels, to plan your trades.
This indicator is ideal for traders looking to capitalize on inside bar patterns and their potential breakouts. It provides clear visual cues and customizable settings to enhance your trading decisions.
Note:
This indicator is based on famous 15 min inside bar strategy shared by Subashish Pani on his youtube channel Power of stocks. Please watch his videos to use this indicator for best results.
Last Kiss - PullBack to TrendLine
So far, various indicators have been published to draw the trend line. There are also indicators to detect trend line breakouts. But in rare indicators, the issue of " pullback to the trend line " has been discussed.
After breaking the trend line, the price usually returns to the trend line, which is called a pullback or the last kiss.
A pullback is a confirmation of the strength of the trend break.
1. Find the trend line
An uptrend line is formed by connecting two low-pivots.
low-pivot is a candle that has a lower low value than the before and after candles.
The pivot period is optional and can be changed from the indicator settings.
A pivot may form trend lines with several pivots before it. One of the important features of the indicator is that it can identify all trend lines.
The maximum number of trend lines for each pivot can be determined from the indicator settings.
It is also possible to determine the minimum and maximum distance between two pivots.
2. Find the trend line breakout
After the formation of the trend line, we wait for the price to return to it and break that line. As soon as the first candle closes after the trend line, the breakout is confirmed.
A trend line is not valid forever. If after a certain number of candles, the price does not move towards the trend line, the trend line becomes invalid.
The allowed distance from the formation of the trend line to the breaking point is optional.
3. Detect the last kiss (pullback)
For a valid pullback, after breaking the trend line, the price should move far enough away from the trend line (minimum distance is an optional factor of ATR) and then return to the trend line range and react to it.
Since the price reaction to the exact value of a trend line seems to be rare, therefore, we define an area parallel and close to the trend line as the range of the trend line.
The range is defined as an optional factor of ATR(50).
Also, the allowed distance between the trend line breakout and the pullback can be changed from the indicator settings.
Some features of indicator:
- Manage pivots and their distance
- Trend-Line detection of live market
- Extend lines from the right side for more clarity
- Detection of trend line breakout with the possibility of displaying on the chart and sending alarms
- Fast changing the color of broken lines
- Follow the broken lines to detect the pullback to the broken trend line
- Find pullback points and show them on the chart and send alarms
- Color management of trend lines, broken lines and pullback
- Instructions for using the indicator in the form of different tooltips.
Pivot Extremes BreakoutI created the "Pivot Extremes Breakout" (PEB) indicator to easily spot breakout zones using pivot points. This tool comes from my need to anticipate market direction and capitalize on breakouts. PEB uses the last two pivot points to predict price paths and highlights potential breakout areas, adjusting for any timeframe. It simplifies seeing where the market might move next with color-coded lines and zones, aiming to improve your trading decisions.
Long-Only Opening Range Breakout (ORB) with Pivot PointsIntraday Trading Strategy: Long-Only Opening Range Breakout (ORB) with Pivot Points
Background:
Opening Range Breakout (ORB) is a popular long-only trading strategy that capitalizes on the early morning volatility in financial markets. It's based on the idea that the initial price movements during the first few minutes or hours of the trading day can set the tone for the rest of the session. The strategy involves identifying a price range within which the asset trades during the opening period and then taking long positions when the price breaks out to the upside of this range.
Pivot Points are a widely used technical indicator in trading. They represent potential support and resistance levels based on the previous day's price action. Pivot points are calculated using the previous day's high, low, and close prices and can help traders identify key price levels for making trading decisions.
How to Use the Script:
Initialization: This script is written in Pine Script, a domain-specific language for trading strategies on the TradingView platform. To use this script, you need to have access to TradingView.
Apply the Script: You can do this by adding it to your favorites, then selecting the script in the indicators list under favorites or by searching for it by name under community scripts.
Customize Settings: The script allows you to customize various settings through the TradingView interface. These settings include:
Opening Session: You can set the time frame for the opening session.
Max Trades per Day: Specify the maximum number of long trades allowed per trading day.
Initial Stop Loss Type: Choose between using a percentage-based stop loss or the previous candles low for stop loss calculations.
Stop Loss Percentage: If you select the percentage-based stop loss, specify the percentage of the entry price for the stop loss.
Backtesting Start and End Time: Set the time frame for backtesting the strategy.
Strategy Signals:
The script will display pivot points in blue (R1, R2, R3, R4, R5) and half-pivot points in gray (R0.5, R1.5, R2.5, R3.5, R4.5) on your chart.
The green line represents the opening range.
The script generates long (buy) signals based on specific conditions:
---The open price is below the opening range high (h).
---The current high price is above the opening range high.
---Pivot point R1 is above the opening range high.
---It's a long-only strategy designed to capture upside breakouts.
---It also respects the maximum number of long trades per day.
The script manages long positions, calculates stop losses, and adjusts long positions according to the defined rules.
Trailing Stop Mechanism
The script incorporates a dynamic trailing stop mechanism designed to protect and maximize profits for long positions. Here's how it works:
1. Initialization:
The script allows you to choose between two types of initial stop loss:
---Percentage-based: This option sets the initial stop loss as a percentage of the entry price.
---Previous day's low: This option sets the initial stop loss at the previous day's low.
2. Setting the Initial Stop Loss (`sl_long0`):
The initial stop loss (`sl_long0`) is calculated based on the chosen method:
---If "Percentage" is selected, it calculates the stop loss as a percentage of the entry price.
---If "Previous Low" is selected, it sets the stop loss at the previous day's low.
3. Dynamic Trailing Stop (`trail_long`):
The script then monitors price movements and uses a dynamic trailing stop mechanism (`trail_long`) to adjust the stop loss level for long positions.
If the current high price rises above certain pivot point levels, the trailing stop is adjusted upwards to lock in profits.
The trailing stop levels are calculated based on pivot points (`r1`, `r2`, `r3`, etc.) and half-pivot points (`r0.5`, `r1.5`, `r2.5`, etc.).
The script checks if the high price surpasses these levels and, if so, updates the trailing stop accordingly.
This dynamic trailing stop allows traders to secure profits while giving the position room to potentially capture additional gains.
4. Final Stop Loss (`sl_long`):
The script calculates the final stop loss level (`sl_long`) based on the following logic:
---If no position is open (`pos == 0`), the stop loss is set to zero, indicating there is no active stop loss.
---If a position is open (`pos == 1`), the script calculates the maximum of the initial stop loss (`sl_long0`) and the dynamic trailing stop (`trail_long`).
---This ensures that the stop loss is always set to the more conservative of the two values to protect profits.
5. Plotting the Stop Loss:
The script plots the stop loss level on the chart using the `plot` function.
It will only display the stop loss level if there is an open position (`pos == 1`) and it's not a new trading day (`not newday`).
The stop loss level is shown in red on the chart.
By combining an initial stop loss with a dynamic trailing stop based on pivot points and half-pivot points, the script aims to provide a comprehensive risk management mechanism for long positions. This allows traders to lock in profits as the price moves in their favor while maintaining a safeguard against adverse price movements.
End of Day (EOD) Exit:
The script includes an "End of Day" (EOD) exit mechanism to automatically close any open positions at the end of the trading day. This feature is designed to manage and control positions when the trading day comes to a close. Here's how it works:
1. Initialization:
At the beginning of each trading day, the script identifies a new trading day using the `is_newbar('D')` condition.
When a new trading day begins, the `newday` variable becomes `true`, indicating the start of a new trading session.
2. Plotting the "End of Day" Signal:
The script includes a plot on the chart to visually represent the "End of Day" signal. This is done using the `plot` function.
The plot is labeled "DayEnd" and is displayed as a comment on the chart. It signifies the EOD point.
3. EOD Exit Condition:
When the script detects that a new trading day has started (`newday == true`), it triggers the EOD exit condition.
At this point, the script proceeds to close all open positions that may have been active during the trading day.
4. Closing Open Positions:
The `strategy.close_all` function is used to close all open positions when the EOD exit condition is met.
This function ensures that any remaining long positions are exited, regardless of their current profit or loss.
The function also includes an `alert_message`, which can be customized to send an alert or notification when positions are closed at EOD.
Purpose of EOD Exit
The "End of Day" exit mechanism serves several essential purposes in the trading strategy:
Risk Management: It helps manage risk by ensuring that positions are not left open overnight when markets can experience increased volatility.
Capital Preservation: Closing positions at EOD can help preserve trading capital by avoiding potential adverse overnight price movements.
Rule-Based Exit: The EOD exit is rule-based and automatic, ensuring that it is consistently applied without emotions or manual intervention.
Scalability: It allows the strategy to be applied to various markets and timeframes where EOD exits may be appropriate.
By incorporating an EOD exit mechanism, the script provides a comprehensive approach to managing positions, taking profits, and minimizing risk as each trading day concludes. This can be especially important in volatile markets like cryptocurrencies, where overnight price swings can be significant.
Backtesting: The script includes a backtesting feature that allows you to test the strategy's performance over historical data. Set the start and end times for backtesting to see how the long-only strategy would have performed in the past.
Trade Execution: If you choose to use this script for live trading, make sure you understand the risks involved. It's essential to set up proper risk management, including position sizing and stop loss orders.
Monitoring: Monitor the long-only strategy's performance over time and be prepared to make adjustments as market conditions change.
Disclaimer: Trading carries a risk of capital loss. This script is provided for educational purposes and as a starting point for your own long-only strategy development. Always do your own research and consider seeking advice from a qualified financial professional before making trading decisions.
Flag FinderFlag Finder Indicator is a technical analysis tool to identify bull and bear flags.
What are flags
Flags are continuation patterns that occur within the general trend of the security. A bull flag represents a temporary pause or consolidation before price resumes it's upward movement, while a bear flag occurs before price continues its downward movement.
Both flag patterns consist of two components:
The Pole
The Flag
The pole is the initial strong upward surge or decline that precedes the flag. The pole is usually a fast move accompanied by heavy volume signaling significant buying or selling pressure.
The flag is then formed as price consolidates after the initial surge or decline from the pole. For a bull flag price will drift slightly downward to sideways, a bear flag will drift upward to sideways. The best flags often see volume dry up during this phase of the pattern.
Indicator Settings
Both components are fully customizable in the indicator so the user can adjust for any time frame or volatility. Select the minimum and maximum accepted limits from the % gain loss required for the pole, the maximum acceptable flag depth or rally and the minimum and maximum number of bars for each component.
Colors and what components are visible at any time are also user controlled.
Trading flags
Traders typically use flags to enter on breakouts. A breakout occurs when price moves above the left side high of a bull flag or below the left side low of a bear flag.
Alerts
The Flag Finder allows for four different types of alerts
New Bull Flag
New Bear Flag
Bull Flag Breakout
Bear Flag Breakout
Pine Script
On top of the indicator identifying bull and bear flags, throughout the source code I left notes on nearly every line to help anyone who is interested in pine script see my thought process and explain which each line of code does. This code isn't too complex, but it offers a look into many different concepts one might use when writing pinescript such as:
input groups
declaring and reassigning variables
for loops
plotshapes & lines
alerts
METRIC-TREND-TRADERThis script is a Fully Automated trading script meant to be used with "Oanda" broker and the plug-ins for algorithmic trading automation.( FOREX ONLY)
This script is meant to capture "TREND FOLLOWING " for intraday charts (1hour) preferably and will hold for days / weeks .trading on forex markets.
(The combination of indicators includes a short high and low price channel and a longer term high and low price channel)
This script is original in description as being automated to try and capture dynamic trending markets with both long and short fractal price channels. although trend trading is not an original concept. trend trading with this dynamic indicator allows the user visualize both short term and longer term price action at the same time, helping to make better trading decisions. the channels are designed to buy breakouts in the direction of the longer term trend while trailing stop a built-in stop loss that allows normal market movement while attempting to lock in flexible profits.
The concept of this indicator is be able to quickly visualize trends by high lighting the large green areas beneath price "when trending long" which is the difference between the (user defined) short term lows and the (user defined) Long period price lows.
For "down trending" markets a large red area above price will be displayed and this is the difference between the (user defined) short term highs and the (user defined) long term highs.
This strategy uses a lower than reward profile to jump in direction of market moves for continuation,
(1 risk to 4 reward)
in the likelihood the instrument will continue (example) 200 pips before it reverts 50 pips in the counter direction.
This strategy should only be used in markets that you believe are "TRENDING" at the time of trading otherwise you risk trend trading a range market.
This script uses a (user defined period) of short term high and low price ( green/red color) and (user defined period) Long Term high and low price (green/red) chosen in the indicator settings menu.
The default parameters are 10 with a (minimum of 1 and maximum of 10000) for the short term channel and 50 with a (minimum of 1 and maximum of 10000) for the long term price channel , the default parameters = roughly 2 days "long term" and 10 hours "short term" of price action on the (1 hour) chart.
Strategy entries and exits , for Long trades the trade will be entered if the short term high crosses above the Long Term high and the Short term low is not equal to the Long term low . the trade will exit if profit or stop loss are hit or if the Short term low crosses under the long term low.
For Short trades the trade will enter short if , the short term low crosses under the long term low and the short term high is not equal to the long term high. the trade will exit if profit or stop loss are hit or the short term high crosses over the long term high
"The default parameters should be kept unless you fully understand the complete strategy"
There are two very important inputs to be selected at the user setting menu "Long Only " and "Short Only" if you are looking to place long trades only select "Long Only" or for short trades select " Short Only" it is not recommended to keep both selected as it will trade both sides!
When the trade is entered a red , a blue and green horizontal dotted line will appear on the chart.
the blue line is the strategy entry price , the red line is the stop loss price , and the green line is the take profit price . the colors will invert if the trade is long or short.
(Setting alerts should be done in the indicator settings menu, and the parameters you chose will determine the stop loss/target and the amount of "units = (position size)" you wish to trade for the (forex only) markets. using "alert() function calls only" is the only alert that should be used with this strategy.
(note : when "alert() function calls only" is set two messages will be sent, one closing any open position in the opposite direction and one placing the new order regardless if you are currently in a trade or not)
Trade targets , stoploss and trade position size are a user defined variables entered in the indicator settings menu. (target pips minimum 0 and a maximum of 1000)(stop pips minimum of 0 and maximum of 1000)
Back test date range is included in the script for back testing different data periods.
the back ground will be colored a transparent navy blue if the period you are looking trading is with in the date range( note: to place live trades the end date will need to be in the future)
this is also adjustable in the settings menu
The avoid spread filter is a user defined time in which the spread is typically higher than average, applying this filter avoids trades in the specified time. When this filter is applied there will be a transparent red back ground color in the specified time.
Back test default setting are equivocal to OANDA:USDJPY
at the time of this publication placing trades with the "Oanda" broker are as follows , USD units = 2000 equal 2000 USD position size . "Oanda" current leverage is 20 to 1 for this particular pair and commission is paid in spread (1.4) pips = 0.19 USD per trade , Margin required for the trade is 100.0 USD , Position sizing = 10% of a 1000 USD account.
OANDA:USDJPY
Range H/L Buy and Sell SignalThe "Range H/L Buy and Sell Signal" indicator is designed to identify potential buy and sell signals based on a specified price range and market volatility. This indicator can be used in the TradingView platform to assist traders in making informed decisions.
The indicator allows customization of several parameters to adapt to different trading strategies. These parameters include the start and end times for the price range, the volatility threshold, and the desired breakout conditions.
To begin, the indicator calculates the range start and end timestamps based on the provided hours and minutes. This defines the time period within which the indicator will analyze price movements.
Next, the indicator determines the highest high (High) and lowest low (Low) within the specified price range. These levels represent the upper and lower boundaries of the range and act as potential breakout points.
Volatility is also taken into account to filter out false signals. The indicator calculates the true range and the average true range over a period of 14 bars. The true range measures the price range from the current high to low, while the average true range provides an indication of market volatility.
Based on the breakout conditions and the volatility threshold, buy and sell signals are generated. A buy signal occurs when the closing price crosses above the High and the true range is greater than the volatility threshold multiplied by the average true range. Conversely, a sell signal is triggered when the closing price crosses below the Low and the true range exceeds the volatility threshold multiplied by the average true range.
The indicator visually displays the High and Low levels as plotted lines on the chart. Additionally, it marks the buy signals with green labels labeled "BUY" below the corresponding bars and the sell signals with red labels labeled "SELL" above the bars.
It is important to note that this indicator should be used in conjunction with other technical analysis tools and indicators for comprehensive market analysis. Trading always carries risks, and it is crucial to exercise caution and conduct thorough analysis before making any trading decisions.
Divergent Trades LLC:
Disclaimer: The information provided by the Divergent Trades LLC indicator is for educational and informational purposes only. It should not be considered financial advice or a recommendation to buy, sell, or trade any financial instrument. Divergent Trades LLC is not responsible for any losses incurred as a result of using this indicator. Trading in the financial markets carries a high level of risk and may not be suitable for all investors. Before making any investment decisions, please consult with a financial advisor and do your own due diligence. Past performance is not indicative of future results. By using the Divergent Trades LLC indicator, you acknowledge that you have read and understand this disclaimer and agree to its terms and conditions.
tlc with False BreakoutThe strategy aims to identify a trend line channel with the potential for a false breakout. Here's an explanation of the strategy:
The script starts by defining the input parameters. The lookback parameter determines the number of previous bars to consider for detecting the trend lines, and the threshold parameter controls the sensitivity of the trend line detection.
The script then initializes variables to store the trend lines, tap count, and the false breakout signal.
Inside the loop, the script iterates over the specified number of bars (lookback) to identify the trend lines. It checks if the current high is greater than the previous and next highs to identify an upper trend line and sets it using the line.new function. Similarly, it checks if the current low is smaller than the previous and next lows to identify a lower trend line and sets it.
The script also keeps track of the price levels of the upper and lower trend lines using the variables upperTrendLinePrice and lowerTrendLinePrice. These price levels are obtained using the line.get_y1 function.
After the fourth tap (when tapCount is equal to 4), the script checks if the current close price is above the upper trend line or below the lower trend line. If this condition is met, it sets the falseBreakout variable to true, indicating a potential false breakout.
Finally, the script plots a shape marker (plotshape) when a false breakout occurs. This is represented by an orange label displayed below the bar.
At the end of the script, the line.delete function is used to remove the old trend lines when the script reaches the last bar (barstate.islast).
By using this strategy, you can visually identify trend line channels where the upper and lower lines touch higher highs or lower highs and higher lows or lower lows. Additionally, it provides a false breakout signal when the price breaks above the upper trend line or below the lower trend line on the fifth tap.
Volatility Breakout Strategy [Angel Algo]As traders, we're always looking for opportunities to profit from sudden price breakouts, and the Volatility Breakout Strategy aims to do just that.
This script is the perfect starting point for traders who want to experiment with capturing price movements resulting from increased volatility. The script plots the Average True Range (ATR) on the chart, which is a measure of the asset's volatility over a specified period. By setting the "Length" parameter, you can customize the period over which the volatility is measured.
Using the ATR, the strategy calculates upper and lower breakout levels and plots them on the chart. The signals for long and short positions are generated when the price crosses above the upper breakout level or below the lower breakout level, respectively. They are confirmed by checking the current bar state.
The strategy also fills the space between the upper and lower breakout levels with a color that indicates the latest signal direction. This feature helps traders quickly identify the prevailing trend.
The strategy uses the generated signals to enter trades. When a long or short signal is confirmed, and there is no open position in the direction of the signal, the strategy enters a long or short trade, respectively.
Choice of parameters.
Choosing the right value for the Length input parameter is crucial for tailoring the Volatility Breakout Strategy to suit your trading preferences. In general, a higher Length value implies a focus on capturing longer price moves. For instance, in this script, we have set the Length value to 20, resulting in trades that span approximately 100 candles. These trades encompass price trends consisting of multiple swings.
However, if your goal is to trade individual swings rather than longer trends, it's advisable to experiment with smaller values for the Length parameter. By reducing the Length, you can target shorter-term price movements and potentially increase the frequency of trades.
It's important to note that while a higher Length value tends to lead to longer trades, there is no strict correlation between the Length parameter and the average length of trades. This can vary across different markets. Therefore, it's essential to conduct thorough experimentation with various Length values and closely observe the length of trades they generate. Comparing these trade lengths with the average trend or swing length in the specific market can provide valuable insights.
Ideally, you should aim to select a Length value that aligns with the average trend or swing length observed in the market you are trading. This way, you can optimize the strategy to capture price movements that closely match the prevailing market conditions.
Remember, finding the optimal Length value is a process of trial and error, combined with careful observation of trade lengths and their correlation with market trends. So, don't be afraid to experiment and refine the Length parameter to maximize the effectiveness of the Volatility Breakout Strategy in your chosen market.
Disclaimer: This trading strategy is provided for educational and informational purposes only.Trading involves risk, and past performance is not indicative of future results.
BBWAS StrategyA breakout in trading refers to a situation where the price of a security or asset moves beyond a defined level of support or resistance, which is typically indicated by technical analysis tools like Bollinger Bands . Bollinger Bands consist of three lines: the upper band, the lower band, and the middle band (or basis). The upper and lower bands are set at a specified number of standard deviations away from the middle band, and they help to define the range within which the price of an asset is expected to fluctuate.
When the price of the asset moves beyond the upper or lower band, it is said to have "broken out" of the range. If the price closes below the lower band, it is considered a bearish breakout, and if it closes above the upper band, it is considered a bullish breakout.
Once a breakout occurs, traders may look for a confirmation signal before entering a trade. In this case, crossing the middle line (or basis) after a breakout may signal a potential trend reversal and a good opportunity to enter a long or short trade, depending on the direction of the breakout.
Overall, this script provides a customizable and flexible system for traders to use Bollinger Bands to identify breakout trades, with additional features to incorporate volume and RSI divergence. The dynamic TPSL system also allows traders to manage their risk and reward by automatically setting take-profit and stop-loss levels based on the volatility of the market.
Dear traders, while we strive to provide you with the best trading tools and resources, we want to remind you to exercise caution and diligence in your investing decisions.
It is important to always do your own research and analysis before making any trades. Remember, the responsibility for your investments ultimately lies with you.
Happy trading!
GKD-C Momentum Breakout Bands [Loxx]Giga Kaleidoscope Momentum Breakout Bands is a Confirmation module included in Loxx's "Giga Kaleidoscope Modularized Trading System".
█ Giga Kaleidoscope Modularized Trading System
What is Loxx's "Giga Kaleidoscope Modularized Trading System"?
The Giga Kaleidoscope Modularized Trading System is a trading system built on the philosophy of the NNFX (No Nonsense Forex) algorithmic trading.
What is an NNFX algorithmic trading strategy?
The NNFX algorithm is built on the principles of trend, momentum, and volatility. There are six core components in the NNFX trading algorithm:
1. Volatility - price volatility; e.g., Average True Range, True Range Double, Close-to-Close, etc.
2. Baseline - a moving average to identify price trend
3. Confirmation 1 - a technical indicator used to identify trends
4. Confirmation 2 - a technical indicator used to identify trends
5. Continuation - a technical indicator used to identify trends
6. Volatility/Volume - a technical indicator used to identify volatility/volume breakouts/breakdown
7. Exit - a technical indicator used to determine when a trend is exhausted
How does Loxx's GKD (Giga Kaleidoscope Modularized Trading System) implement the NNFX algorithm outlined above?
Loxx's GKD v1.0 system has five types of modules (indicators/strategies). These modules are:
1. GKD-BT - Backtesting module (Volatility, Number 1 in the NNFX algorithm)
2. GKD-B - Baseline module (Baseline and Volatility/Volume, Numbers 1 and 2 in the NNFX algorithm)
3. GKD-C - Confirmation 1/2 and Continuation module (Confirmation 1/2 and Continuation, Numbers 3, 4, and 5 in the NNFX algorithm)
4. GKD-V - Volatility/Volume module (Confirmation 1/2, Number 6 in the NNFX algorithm)
5. GKD-E - Exit module (Exit, Number 7 in the NNFX algorithm)
(additional module types will added in future releases)
Each module interacts with every module by passing data between modules. Data is passed between each module as described below:
GKD-B => GKD-V => GKD-C(1) => GKD-C(2) => GKD-C(Continuation) => GKD-E => GKD-BT
That is, the Baseline indicator passes its data to Volatility/Volume. The Volatility/Volume indicator passes its values to the Confirmation 1 indicator. The Confirmation 1 indicator passes its values to the Confirmation 2 indicator. The Confirmation 2 indicator passes its values to the Continuation indicator. The Continuation indicator passes its values to the Exit indicator, and finally, the Exit indicator passes its values to the Backtest strategy.
This chaining of indicators requires that each module conform to Loxx's GKD protocol, therefore allowing for the testing of every possible combination of technical indicators that make up the six components of the NNFX algorithm.
What does the application of the GKD trading system look like?
Example trading system:
Backtest: Strategy with 1-3 take profits, trailing stop loss, multiple types of PnL volatility, and 2 backtesting styles
Baseline: Hull Moving Average as shown on the chart above
Volatility/Volume: Volatility Ratio as shown on the chart above
Confirmation 1: Momentum Breakout Bands as shown on the chart above
Confirmation 2: Williams Percent Range
Continuation: Fisher Transform
Exit: Rex Oscillator
Each GKD indicator is denoted with a module identifier of either: GKD-BT, GKD-B, GKD-C, GKD-V, or GKD-E. This allows traders to understand to which module each indicator belongs and where each indicator fits into the GKD protocol chain.
Giga Kaleidoscope Modularized Trading System Signals (based on the NNFX algorithm)
Standard Entry
1. GKD-C Confirmation 1 Signal
2. GKD-B Baseline agrees
3. Price is within a range of 0.2x Volatility and 1.0x Volatility of the Goldie Locks Mean
4. GKD-C Confirmation 2 agrees
5. GKD-V Volatility/Volume agrees
Baseline Entry
1. GKD-B Baseline signal
2. GKD-C Confirmation 1 agrees
3. Price is within a range of 0.2x Volatility and 1.0x Volatility of the Goldie Locks Mean
4. GKD-C Confirmation 2 agrees
5. GKD-V Volatility/Volume agrees
6. GKD-C Confirmation 1 signal was less than 7 candles prior
Continuation Entry
1. Standard Entry, Baseline Entry, or Pullback; entry triggered previously
2. GKD-B Baseline hasn't crossed since entry signal trigger
3. GKD-C Confirmation Continuation Indicator signals
4. GKD-C Confirmation 1 agrees
5. GKD-B Baseline agrees
6. GKD-C Confirmation 2 agrees
1-Candle Rule Standard Entry
1. GKD-C Confirmation 1 signal
2. GKD-B Baseline agrees
3. Price is within a range of 0.2x Volatility and 1.0x Volatility of the Goldie Locks Mean
Next Candle:
1. Price retraced (Long: close < close or Short: close > close )
2. GKD-B Baseline agrees
3. GKD-C Confirmation 1 agrees
4. GKD-C Confirmation 2 agrees
5. GKD-V Volatility/Volume agrees
1-Candle Rule Baseline Entry
1. GKD-B Baseline signal
2. GKD-C Confirmation 1 agrees
3. Price is within a range of 0.2x Volatility and 1.0x Volatility of the Goldie Locks Mean
4. GKD-C Confirmation 1 signal was less than 7 candles prior
Next Candle:
1. Price retraced (Long: close < close or Short: close > close )
2. GKD-B Baseline agrees
3. GKD-C Confirmation 1 agrees
4. GKD-C Confirmation 2 agrees
5. GKD-V Volatility/Volume Agrees
PullBack Entry
1. GKD-B Baseline signal
2. GKD-C Confirmation 1 agrees
3. Price is beyond 1.0x Volatility of Baseline
Next Candle:
1. Price is within a range of 0.2x Volatility and 1.0x Volatility of the Goldie Locks Mean
3. GKD-C Confirmation 1 agrees
4. GKD-C Confirmation 2 agrees
5. GKD-V Volatility/Volume Agrees
█ Momentum Breakout Bands
What is Momentum Breakout Bands?
Momentum Breakout Bands is a momentum oscillator with Bollinger Bands to filter noise by standard deviation. This is used for breakout trading and can be used on lower timeframes.
Requirements
Inputs
Confirmation 1 and Solo Confirmation: GKD-V Volatility / Volume indicator
Confirmation 2: GKD-C Confirmation indicator
Outputs
Confirmation 2 and Solo Confirmation: GKD-E Exit indicator
Confirmation 1: GKD-C Confirmation indicator
Continuation: GKD-E Exit indicator
Additional features will be added in future releases.
Open DriveOpen Drive is a market profile concept introduced by Jim Dalton. It occurs when the price moves directionally and persistently for the first 30 minutes from the cash market open.
It is necessary to use 30-minute bars as there needs to be enough time to measure an extreme move of the cash open. This means there will be fewer trades than other strategies using faster time periodicities.
The script finds open drives from these time points 0700/ 0800 and 1300/1430.
The entry signal also has a breakout threshold using the 5-bar high and 5-bar low to only take trades moving away from the prior 5-bar range. This weeds out most mid-range trades and small range expansion bars.
If the price has had a strong move from the open and has broken either below the prior 5-bar low or above the prior 5-bar high by an amount equal to the prior 5-bar range a trade is entered in the direction of the move.
The Exit criteria; exit after 3 bars which is 90mins when using a 30min periodicity.
Note, this script is shared to show that momentum generated on or around the cash open tends to persist. The entry and exits of this strategy are quite naive but there are plenty of ways to take more aggressive entries on faster time frames when an open drive occurs. The times chosen for this strategy will suit stock index futures mainly. The user can experiment with other futures products and their corresponding pit/ cash open hours.
Google "open drive market profile" for more information on open drives and market profile concepts.
Happy trading!
ORBox | by Octopu$📈 ORBox | by Octopu$
ORBox is a Box for the Opening Range Breakout
The Box is added automatically according to the User preferences through GUI
This Indicator includes a Dropdown selection for which Range for the Breakout you want to use
ORBox has built-in Alerts for when the Breakout happens according to your preferences
Works in any Timeframe with any Ticker
(Using SPY 5m just as an example:)
www.tradingview.com
SPY
Features:
• Opening Breakout Range (ORB)
• Dropdown menu selection to choose which TF to watch
• Built-in Alerts for Momentum Awareness
Options:
• Customization for Box Colors and Sizes
• Display ORB for Current Day or Previous
Notes:
v1.0
ORBox Indicator release
Changes and updates can come in the future for additional functionalities or per requests.
Did you like it? Shoot me a message! I'd appreciate if you dropped by to say thanks.
- Octopu$
🐙
Pivot BreaksThere are built-in and published Pivot Point High Low indicators in Public Library. As far as I see none of them show the breaking candles or the trend.
with the closing price crossing over the previous / current pivot high A bearish breakOut can either indicate the progression of a lower high pattern or a trend reversal
with the closing price crossing under the previous / current pivot low A bullish breakOut can either indicate the progression of a higher low pattern or a trend reversal
This indicator can show the first breaking candle or all breaking candles . It Can also show The Breaking state (Trend) based on the last break.
Alert Mode is included, colour can be customised, Higher TimeFrame can be requested (it Can also cause repainting)
Inputs are optional as possible so have fun with it
Disclaimer: Scripts that I post publicly are experimental. They are not financial advices. Always backtest your ideas using your own methodologies.
Multi-Purpose All in One [SignalCave]Multi-Purpose All in One Indicator Functions
1) Technical Analysis, Technical Ratings
2) Pivots, Primary & Secondary Trends
3) Swings, Engulfs, Golden & Death Crosses, Price Squeezes, Pullbacks, Breakout & Breakdowns, Volume Rushes
4) Momentum Strength
1) Technical Analysis, Technical Ratings
Technical analysis display real-time ratings. It based on the most popular technical indicators such as RSI, Stochastic, CCI, ADX, AO, Momentum, MACD, Stochastic RSI, Williams %, Ichimoku Cloud, SMA, EMA, VWMA and HMA.
Technical analysis is a built-in function on TradingView. You can access any asset’s technical analysis page and see it’s performance in real time.
"Multi-Purpose All in One" indicator brings this function into your TradingView charting screen. Indicator allows you to see the same output without visiting any external web page in TradingView. Indicator also works on every timeframe and asset class.
Technical Ratings is a technical analysis tool that combines the ratings of several technical indicators to make it easier for traders and investors to find profitable trades.
Technical Ratings can be a valuable technical analysis tool for many analysts or traders. Many traders use a selection of complementary indicators to make better decisions. Technical Ratings simplifies this task by combining the most popular indicators and their signals.
2) Pivots, Primary & Secondary Trends
Helps you to identify primary and secondary trends and potential support/resistance zones.
Trend detection have three modes which are “Aggressive, Moderate and Conservative” . You can customize the mode on settings screen.
3) Swings, Engulfs, Golden & Death Crosses, Price Squeezes, Pullbacks, Breakout & Breakdowns, Volume Rushes
A swing low is when price makes a low and is immediately followed by consecutive higher lows. Likewise, a swing high is when price makes a high and is followed by consecutive lower highs.
Swing Failure Pattern (SFP) is a type of reversal pattern that can be used as buy or sell signals.
Engulfing candles tend to signal a reversal of the current trend in the market. This specific pattern involves two candles with the latter candle 'engulfing' the entire body of the candle before it.
On this indicator, bullish engulfs visible only on downtrend and oversold conditions. Bearish engulfs visible only on uptrend and overbought conditions.
The death cross and golden cross are technical analysis terms for when a moving average (MA) intersects with another from either above or below.
The cross, depending on which it is, can signal the start of a new trend or the end of one.
Squeeze signs signifies low volatility, market preparing itself for an explosive move up or down direction.
Bullish Pullbacks are widely seen as buying opportunities after an asset has experienced a large upward price movement. Most pullbacks involve an asset's price moving to an area of technical support , such as a moving average, before resuming their uptrend.
Bearish Pullbacks are widely seen as selling opportunities after an asset has experienced a large downward price movement. Most pullbacks involve an asset's price moving to an area of technical resistance , such as a moving average, before resuming their downtrend.
A breakout refers to when the price of an asset moves above a resistance area, breakdown refers to when the price of an asset moves below a support area.
Breakouts/breakdowns indicate the potential for the price to start trending in the breakout direction.
For example, a breakout to the upside from a chart pattern could indicate the price will start trending higher.
Volume rush signs appears when the trading volume increases more then a usual period. It can be useful with combining breakout signals as a confirmation.
4) Momentum Strength
Momentum Indicator helps you to identify potential reversal areas .
Calculation done with using Relative Strength Index (RSI), Money Flow Index (MFI) and Average Directional Movement Index (ADX) indicators.
On full strength bearish movement bars paints as light red , full strength bullish movement bars paints as light green color.
They indicates that trend can be change to opposite direction in a short period of time.
Momentum Strength have three modes which are "Aggressive, Moderate and Conservative" . You can customize the mode on settings screen.
