Prophit Ninja: Katana DojoMaster the art of trend reading with “Prophit Ninja: Katana Dojo”.
Our dojo will set up sparring matches for you to improve your in-battle techniques without you having to track down the fight yourself. Find the strike, dodge and parry you are best at, or keep yourself well rounded to handle any environment by selecting any or all of the possible signal/alert outputs.
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█ INTERPRETATION
Quickly and easily find/spot chart setups with custom pre-built signals and alerts. Sit back and allow the market to find the set-ups for you.
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█ OVERVIEW
Fully adaptable multi time frame signals and alerts based on your Katana settings for:
1 — Three customizable MA lengths with 12 formula variations and an average MA of the three; each one with the ability to toggle on or off not only itself- but an adaptive glow to filter out volatility, as well as a no lag feature that removes inherit lag that exists in all moving averages.
2 — A toggle-able fibonacci adapted formula based on ichimoku cloud.
3 — A toggle-able fibonacci adapted formula based on ssl channel.
4 — A toggle-able auto fibonacci retracement with a customizable golden pocket level.
5 — A fibonacci adapted formula based on bollinger bands.
6 — A fibonacci adapted formula based on keltner channels.
7 — Adaptive Pivot Point Labels.
8 — A fibonacci adapted formula based on chandelier stops.
9 — A fibonacci adapted formula based on parabolic stop and reverses.
10 — Fibonacci based auto support and resistance levels.
11 — Fibonacci based adaptive auto trendlines.
( Included free with “ Prophit Ninja: Katana ”.)
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█ EASY CUSTOMIZATION
i.imgur.com
With a fully customizable and easy-to-use input menu, this indicator gives you the ability to tailor your trading experience to your needs and see as much (or as little) information as you want to; presented in the manner you deem most viable with the following options in just a few clicks:
Color Theme- There are four color themes available which include original, colorful, monochrome and solid. These not only allow you a quick and easy way to change the colors to suit your style; they also make it so you can challenge your bias in an instant by viewing the data in a completely different way.
Attack Mode- Whether you’re a scalper, day trader, swing trader, or investor; this option allows you to see the chart based on four different risk tolerance/time expectancy mentalities in just two clicks. Investors can see what the scalpers are thinking and vice/versa to broaden their decision making and/or hone in when optimal.
Sharpness Level- This algorithm allows the user to display the data on five different smoothness levels without suffering the inherent lag that accompanies most other indicators. Whether you like to see every tick of a choppy movement, or filter out the false signals into smooth readings, you can do so at any moment.
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█ PRE-BUILT ALERTS
With Prophit Ninja: Katana Dojo’s built-in alerts you can enable alerts for any piece of the Katana in just a few clicks. These alerts are way more specific and optimized than you can possibly achieve with the custom alert settings. Each checking for multiple possible activation triggers instead of one and populating the message field automatically so you can just click create.
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As you can see; this dojo has the ability to adapt to any ninja and give those in control of its power the upper hand. Any mode of battle, any opponent, any circumstance- "Prophit Ninja: Katana Dojo" was built by our finest architects to improve any trainee and make sure they know when to attack, defend or simply allow the fight to play out by its easy-to-read coloring system. As long as you show up for the matches you'll have a much better chance of finding sparring matches than when you didn't.
This state-of-the-art add-on is great for experienced traders, those who just started learning to trade, or anyone in between- truly made to suit the needs of any trader, in any moment, with any mindset (along with the other indicators in our Prophit Ninja bundle) you'll notice an immediate improvement in your Prophit Ninja: Katana skill after acquiring it.
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*everything displayed is part of the Prophit Ninja indicator bundle; this is an otherwise blank chart*
Komut dosyalarını "ichimoku" için ara
Prophit Ninja: KatanaCut through any price action and get clean trend readings with "Prophit Ninja: Katana".
Our master craftsmen traced back through the lineage of all the financial equations (you do and don't know and love) to their original essence, sourcing the finest bits and pieces of their logic, removing any radical minerals or surface imperfections- forging together pure fundamentals with fibonacci to create a new Katana never before seen to humans.
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█ INTERPRETATION
Each sub-indicator in this package can be used as an above/below-bullish/bearish reading . If the current price/candle is above your chosen focus indicator the trend can be interpreted as bullish , if the current price/candle is below your chosen focus indicator the trend can be interpreted as bearish ; else the trend is neutral - quickly enabling you to filter for more favorable market moves. Paired with the in-depth coloring system you can easily spot strength/momentum gaining and fading helping you decide when to enter/exit, manage risk or just watch the market breathe- bright green/red being strong bullish/bearish, dark green/red being weak bullish/bearish and other colors bright/dark being bullish/bearish. This can be used as a standalone decision-maker, or used in confluence with other indicator packages in our Prophit Ninja bundle to get higher precision.
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█ OVERVIEW
1 — Three customizable MA lengths with 12 formula variations and an average MA of the three; each one with the ability to toggle on or off not only itself- but an adaptive glow to filter out volatility, as well as a no lag feature that removes inherit lag that exists in all moving averages.
2 — A toggle-able fibonacci adapted formula based on ichimoku cloud .
3 — A toggle-able fibonacci adapted formula based on ssl channel.
4 — A toggle-able auto fibonacci retracement with a customizable golden pocket level.
5 — A fibonacci adapted formula based on bollinger bands .
6 — A fibonacci adapted formula based on keltner channel .
7 — Adaptive Pivot Point Labels .
8 — A fibonacci adapted formula based on chandelier exit .
9 — A fibonacci adapted formula based on parabolic stop and reverses .
10 — Fibonacci based auto support and resistance levels.
11 — Fibonacci based adaptive auto trendlines .
(“ Prophit Ninja: Katana Dojo ” signal and alert system included free .)
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█ EASY CUSTOMIZATION
i.imgur.com
With a fully customizable and easy-to-use input menu , this indicator gives you the ability to tailor your trading experience to your needs and see as much (or as little) information as you want to; presented in the manner you deem most viable with the following options in just a few clicks:
Indicator Package- This option allows you to switch between the seven display modes available so in any moment you can completely change the metrics you’re reading in just two clicks. This allows you the ability to make decisions based on not only what you’re comfortable with; but also to find confirmation or disagreement with other systems instantly.
Color Theme- There are four color themes available which include original, colorful, monochrome and solid. These not only allow you a quick and easy way to change the colors to suit your style; they also make it so you can challenge your bias in an instant by viewing the data in a completely different way.
Attack Mode- Whether you’re a scalper, day trader, swing trader, or investor; this option allows you to see the chart based on four different risk tolerance/time expectancy mentalities in just two clicks. Investors can see what the scalpers are thinking and vice/versa to broaden their decision making and/or hone in when optimal.
Katana Sharpness- This algorithm allows the user to display the data on five different smoothness levels without suffering the inherent lag that accompanies most other indicators. Whether you like to see every tick of a choppy movement, or filter out the false signals into smooth readings, you can do so at any moment.
Pivot Source- Switch between trendlines, support and resistance, pivot points and fibonacci reversals that are based on highs and lows or closes ; or choose the one you prefer to stick too.
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As you can see; this artisan blade has the ability to adapt to any wielder or adversary and give those in control of its power the upper hand. Any mode of battle, any opponent, any circumstance- "Prophit Ninja: Katana" was polished by our finest artists to fit any grip and make sure it's handler knows when to attack, defend or simply allow the fight to play out by it's easy-to-read coloring system. As long as you heed its direction you'll have a much better chance of defending yourself against the market than when you didn't.
This state-of-the-art on chart indicator is great for experienced traders, those who just started learning to trade, or anyone in between- truly made to suit the needs of any trader, in any moment, with any mindset (along with the other indicators in our Prophit Ninja bundle) you'll notice an immediate improvement in your trend detection after learning it.
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*everything displayed is part of the Prophit Ninja indicator bundle; this is an otherwise blank chart*
FxASTLite Strategy[ALLDYN]This strategy can be used on ANY instrument (Forex, Stocks, Cryptocurrency, etc.) AND on ANY TF (Time Frame). The purpose of me sharing this is to show people the power of using a Fibonacci-based trading system combined with Institutional market looks and how associated price action reacts and responds at these levels within the market. This is nothing new with the work that Charles Dow did with the Dow Theory and what Ralph Nelson Elliott expanded upon with the Elliott Wave principle. It is about synergism and simplicity with what works. There is no "holy grail" in trading except the one between your ears. This is just a tool to give you a confirmation with multiple built-in confluences that can be tied with an oscillator for additional confluence.
It is helpful to know Supply & Demand Zones as well as candlestick patterns and where these reversal patterns happen within the market. They are more meaningful if they happen within Supply & Demand Zones. The 4 candlestick patterns I look for in Supply & Demand Zones are Hammer/Hanging Man (Pinbar), Engulfing Candle Pattern (blended lines), Dark Cloud Cover/Piercing Candle Pattern (blended lines), and Tweezer Tops/Bottoms.
I through The Ichimoku Cloud on top of this so you can see the transitions as the market moves in its fractal nature. I use the MACD, TDI, and RSI for confirmation of what associated price action is doing on the chart. I say associated price action because nothing happens without volume. There are some built-in Volume tools in TV that give some good insight into what is happening (overall volume - VPVR, at price - session volume, & overtime - vol. )
***PURPOSE of the RIBBON***:
-The Ribbon allows you to get in at the START/BEGINNING of a Correction/Trend Change (Associated price action should always be the ENTRY condition).
-If the associated price action stays above the Ribbon, then this allows you to stay in the BUY trade longer.
*Note - Exit of the BUY trade would be if associated price action BELOW the Ribbon.
-If associated price actions stay below the Ribbon, this allows you to stay in the SELL trade longer (Associated price action should always be the ENTRY condition).
*Note - Exit of the SELL trade would be if associated price action closed ABOVE the Ribbon.
***PURPOSE of the Oracle (Solid purple line)***
-The Oracle will act as Trend confirmation and associated price action target as the Trend is TRANSITIONING
***SYSTEM FEATURES***
-Inputs (Style, Visibility = NA):
You are able to toggle ALLDYN FxASTLite from the chart.
You are able to toggle PSARs from the chart.
You are able to toggle background (Affects White/Black line)
If you suffer from any type of Color Blindness you can select different options to help.
*****DISCLAIMER*****
I am not a financial advisor or commodity trade advisor. This "TOOL" is for EDUCATIONAL PURPOSES ONLY. Any use of this financial educational tool in ANY demo/live market you do so at your own RISKS. Trading in leveraged financial markets has inherent RISKS associated with such actions. Do Not Trade Money YOU Can't Afford to LOSE.
MTF Technical Ratings [Anan]█ OVERVIEW
This indicator is a modified version of "Technical Ratings" v5.0 available in the public library to provide a quick overview of Technical Ratings in 6 optional timeframes.
█ FEATURES
- Multi-timeframe Table.
- Display Technical Ratings for "MAs" with a percentage.
- Display Technical Ratings for "Oscillators" with a percentage.
- Display Technical Ratings for "All" with a percentage.
- Full control of displaying any row(MAs / Oscillators / All) or any column(Multi-timeframe)
- Full control of Table position and size.
- Full control of displaying any row or column.
ORIGINAL DESCRIPTION ABOUT TECHNICAL RATING v1.0
█ OVERVIEW
This indicator calculates TradingView's well-known "Strong Buy", "Buy", "Neutral", "Sell" or "Strong Sell" states using the aggregate biases of 26 different technical indicators.
█ CALCULATIONS
The indicator calculates the aggregate value of two groups of indicators: moving averages and oscillators.
The "MAs" group is comprised of 15 different components:
• Six Simple Moving Averages of periods 10, 20, 30, 50, 100 and 200
• Six Exponential Moving Averages of the same periods
• A Hull Moving Average of period 9
• A Volume-weighed Moving Average of period 20
• Ichimoku
The "Oscillators" group includes 11 components:
• RSI
• Stochastic
• CCI
• ADX
• Awesome Oscillator
• Momentum
• MACD
• Stochastic RSI
• Wiliams %R
• Bull Bear Power
• Ultimate Oscillator
The state of each group's components is evaluated to a +1/0/-1 value corresponding to its bull/neutral/bear bias. The resulting value for each of the two groups are then averaged to produce the overall value for the indicator, which oscillates between +1 and -1. The complete conditions used in the calculations are documented in the Help Center.
Technical Analysis Consulting Table (TACT)Inspired by Tradingview's own "Technical Analysis Summary", I present to you a table with analogous logic.
You can track any ticker you want, no matter your chart. You can even have multiple tables to track multiple tickers. By default it tracks the Total Crypto Cap.
You can change the resolution you want to track. By default it is the same as the chart.
You can position the table to whichever corner of the chart you want. By default it draws in the bottom right corner.
Background colors and text size can be adjusted.
Indicators Used:
Oscillators
RSI(14)
STOCH(14, 3, 3)
CCI(20)
ADX(14)
AO
Momentum(10)
MACD(12, 26)
STOCH RSI(3, 3, 14, 14)
%R(14)
Bull Bear Power
UO(7,14,28)
Moving Averages
EMA(5)
SMA(5)
EMA(10)
SMA(10)
EMA(20)
SMA(20)
EMA(30)
SMA(30)
EMA(50)
SMA(50)
EMA(100)
SMA(100)
EMA(200)
SMA(200)
Ichimoku Cloud(9, 26, 52, 26)
VMWA(20)
HMA(9)
Pivots
Traditional
Fibonacci
Camarilla
Woodie
WARNING: I have observed up to a couple of seconds of signal jitter/delay, so use it with caution in very small resolutions (1s to 1m).
I hope you enjoy this and good luck with your trading. Suggestions and feedback are most welcome.
Technical Ratings on Multi-frames / Assets█ OVERVIEW
This indicator is a modified version of TECHNICAL RATING v1.0 available in the public library to provide a quick overview of consolidated technical ratings performed on 12 assets in 3 timeframes.The purpose of the indicator is to provide a quick overview of the current status of the custom 12 (24) assets and to help focus on the appropriate asset.
█ MODIFICATIONS
- Markers, visualizations and alerts have been deleted
- Due to the limitation on maximum number of security (40), the results of 12 assets evaluated in 3 different time frames can be shown at the same time.
- An additional 12 assets can be configured in the settings so that you do not have to choose each ticker one by one to facilitate a quick change, but can switch between the 12 -12 assets with a single click on "Second sets?".
- The position, colors and parameters of the table can be widely customized in the settings.
- The 12 assets can be arranged in rows 3, 4, 6 and 12 with Table Rows options, which can also be used to create a simple mobile view.
- The default gradient color setting has been changed to red/yellow/green traffic lights
ORIGINAL DESCRIPTION ABOUT TECHNICAL RATING v1.0
█ OVERVIEW
This indicator calculates TradingView's well-known "Strong Buy", "Buy", "Neutral", "Sell" or "Strong Sell" states using the aggregate biases of 26 different technical indicators.
█ WARNING
This version is similar, but not identical, to our recently published "Technical Ratings" built-in, which reproduces our "Technicals" ratings displayed as a gauge in the right panel of charts, or in the "Rating" indicator available in the TradingView Screener. This is a fork and refactoring of the code base used in the "Technical Ratings" built-in. Its calculations will not always match those of the built-in, but it provides options not available in the built-in. Up to you to decide which one you prefer to use.
█ FEATURES
Differences with the built-in version
• The built-in version produces values matching the states displayed in the "Technicals" ratings gauge; this one does not always.
• A strategy version is also available as a built-in; this script is an indicator—not a strategy.
• This indicator will show a slightly different vertical scale, as it does not use a fixed scale like the built-in.
• This version allows control over repainting of the signal when you do not use a higher timeframe. Higher timeframe (HTF) information from this version does not repaint.
• You can adjust the weight of the Oscillators and MAs components of the rating here.
• You can configure markers on signal breaches of configurable levels, or on advances declines of the signal.
The indicator's settings allow you to:
• Choose the timeframe you want calculations to be made on.
• When not using a HTF, you can select a repainting or non-repainting signal.
• When using both MAs and Oscillators groups to calculate the rating, you can vary the weight of each group in the calculation. The default is 50/50.
Because the MAs group uses longer periods for some of its components, its value is not as jumpy as the Oscillators value.
Increasing the weight of the MAs group will thus have a calming effect on the signal.
• Alerts can be created on the indicator using the conditions configured to control the display of markers.
Display
The calculated rating is displayed as columns, but you can change the style in the inputs. The color of the signal can be one of three colors: bull, bear, or neutral. You can choose from a few presets, or check one and edit its color. The color is determined from the rating's value. Between 0.1 and -0.1 it is in the neutral color. Above/below 0.1/-0.1 it will appear in the bull/bear color. The intensity of the bull/bear color is determined by cumulative advances/declines in the rating. It is capped to 5, so there are five intensities for each of the bull/bear colors.
The "Strong Buy", "Buy", "Neutral", "Sell" or "Strong Sell" state of the last calculated value is displayed to the right of the last bar for each of the three groups: All, MAs and Oscillators. The first value always reflects your selection in the "Rating uses" field and is the one used to display the signal. A "Strong Buy" or "Strong Sell" state appears when the signal is above/below the 0.5/-0.5 level. A "Buy" or "Sell" state appears when the signal is above/below the 0.1/-0.1 level. The "Neutral" state appears when the signal is between 0.1 and -0.1 inclusively.
Five levels are always displayed: 0.5 and 0.1 in the bull color, zero in the neutral color, and -0.1 and - 0.5 in the bull color.
█ CALCULATIONS
The indicator calculates the aggregate value of two groups of indicators: moving averages and oscillators.
The "MAs" group is comprised of 15 different components:
• Six Simple Moving Averages of periods 10, 20, 30, 50, 100 and 200
• Six Exponential Moving Averages of the same periods
• A Hull Moving Average of period 9
• A Volume-weighed Moving Average of period 20
• Ichimoku
The "Oscillators" group includes 11 components:
• RSI
• Stochastic
• CCI
• ADX
• Awesome Oscillator
• Momentum
• MACD
• Stochastic RSI
• Wiliams %R
• Bull Bear Power
• Ultimate Oscillator
Technical Ratings█ OVERVIEW
This indicator calculates TradingView's well-known "Strong Buy", "Buy", "Neutral", "Sell" or "Strong Sell" states using the aggregate biases of 26 different technical indicators.
█ FEATURES
Differences with the built-in version
• You can adjust the weight of the Oscillators and MAs components of the rating here.
• The built-in version produces values matching the states displayed in the "Technicals" ratings gauge; this one does not always, where weighting is used.
• A strategy version is also available as a built-in; this script is an indicator—not a strategy.
• This indicator will show a slightly different vertical scale, as it does not use a fixed scale like the built-in.
• This version allows control over repainting of the signal when you do not use a higher timeframe. Higher timeframe (HTF) information from this version does not repaint.
• You can configure markers on signal breaches of configurable levels, or on advances declines of the signal.
The indicator's settings allow you to:
• Choose the timeframe you want calculations to be made on.
• When not using a HTF, you can select a repainting or non-repainting signal.
• When using both MAs and Oscillators groups to calculate the rating, you can vary the weight of each group in the calculation. The default is 50/50.
Because the MAs group uses longer periods for some of its components, its value is not as jumpy as the Oscillators value.
Increasing the weight of the MAs group will thus have a calming effect on the signal.
• Alerts can be created on the indicator using the conditions configured to control the display of markers.
Display
The calculated rating is displayed as columns, but you can change the style in the inputs. The color of the signal can be one of three colors: bull, bear, or neutral. You can choose from a few presets, or check one and edit its color. The color is determined from the rating's value. Between 0.1 and -0.1 it is in the neutral color. Above/below 0.1/-0.1 it will appear in the bull/bear color. The intensity of the bull/bear color is determined by cumulative advances/declines in the rating. It is capped to 5, so there are five intensities for each of the bull/bear colors.
The "Strong Buy", "Buy", "Neutral", "Sell" or "Strong Sell" state of the last calculated value is displayed to the right of the last bar for each of the three groups: All, MAs and Oscillators. The first value always reflects your selection in the "Rating uses" field and is the one used to display the signal. A "Strong Buy" or "Strong Sell" state appears when the signal is above/below the 0.5/-0.5 level. A "Buy" or "Sell" state appears when the signal is above/below the 0.1/-0.1 level. The "Neutral" state appears when the signal is between 0.1 and -0.1 inclusively.
Five levels are always displayed: 0.5 and 0.1 in the bull color, zero in the neutral color, and -0.1 and - 0.5 in the bull color.
The levels that can be used to determine the breaches displaying long/short markers will only be visible when their respective long/short markers are turned on in the "Direction" input. The levels appear as a bright dotted line in bull/bear colors. You can control both levels separately through the "Longs Level" and "Shorts Level" inputs.
If you specify a higher timeframe that is not greater than the chart's timeframe, an error message will appear and the indicator's background will turn red, as it doesn't make sense to use a lower timeframe than the chart's.
Markers
Markers are small triangles that appear at the bottom and top of the indicator's pane. The marker settings define the conditions that will trigger an alert when you configure an alert on the indicator. You can:
• Choose if you want long, short or both long and short markers.
• Determine the signal level and/or the number of cumulative advances/declines in the signal which must be reached for either a long or short marker to appear.
Reminder: the number of advances/declines is also what controls the brightness of the plotted signal.
• Decide if you want to restrict markers to ones that alternate between longs and shorts, if you are displaying both directions.
This helps to minimize the number of markers, e.g., only the first long marker will be displayed, and then no more long markers will appear until a short comes in, then a long, etc.
Alerts
When you create an alert from this indicator, that alert will trigger whenever your marker conditions are confirmed. Before creating your alert, configure the makers so they reflect the conditions you want your alert to trigger on.
The script uses the alert() function, which entails that you select the "Any alert() function call" condition from the "Create Alert" dialog box when creating alerts on the script. The alert messages can be configured in the inputs. You can safely disregard the warning popup that appears when you create alerts from this script. Alerts will not repaint. Markers will appear, and thus alerts will trigger, at the opening of the bar following the confirmation of the marker condition. Markers will never disappear from the bar once they appear.
Repainting
This indicator uses a two-pronged approach to control repainting. The repainting of the displayed signal is controlled through the "Repainting" field in the script's inputs. This only applies when you have "Same as chart" selected in the "Timeframe" field, as higher timeframe data never repaints. Regardless of that setting, markers and thus alerts never repaint.
When using the chart's timeframe, choosing a non-repainting signal makes the signal one bar late, so that it only displays a value once the bar it was calculated has elapsed. When using a higher timeframe, new values are only displayed once the higher timeframe completes.
Because the markers never repaint, their logic adapts to the repainting setting used for the signal. When the signal repaints, markers will only appear at the close of a realtime bar. When the signal does not repaint (or if you use a higher timeframe), alerts will appear at the beginning of the realtime bar, since they are calculated on values that already do not repaint.
█ CALCULATIONS
The indicator calculates the aggregate value of two groups of indicators: moving averages and oscillators.
The "MAs" group is comprised of 15 different components:
• Six Simple Moving Averages of periods 10, 20, 30, 50, 100 and 200
• Six Exponential Moving Averages of the same periods
• A Hull Moving Average of period 9
• A Volume-weighed Moving Average of period 20
• Ichimoku
The "Oscillators" group includes 11 components:
• RSI
• Stochastic
• CCI
• ADX
• Awesome Oscillator
• Momentum
• MACD
• Stochastic RSI
• Wiliams %R
• Bull Bear Power
• Ultimate Oscillator
The state of each group's components is evaluated to a +1/0/-1 value corresponding to its bull/neutral/bear bias. The resulting value for each of the two groups are then averaged to produce the overall value for the indicator, which oscillates between +1 and -1. The complete conditions used in the calculations are documented in the Help Center .
█ NOTES
Accuracy
When comparing values to the other versions of the Rating, make sure you are comparing similar timeframes, as the "Technicals" gauge in the chart's right pane, for example, uses a 1D timeframe by default.
For coders
We use a handy characteristic of array.avg() which, contrary to avg() , does not return na when one of the averaged values is na . It will average only the array elements which are not na . This is useful in the context where the functions used to calculate the bull/neutral/bear bias for each component used in the rating include special checks to return na whenever the dataset does not yet contain enough data to provide reliable values. This way, components gradually kick in the calculations as the script calculates on more and more historical data.
We also use the new `group` and `tooltip` parameters to input() , as well as dynamic color generation of different transparencies from the bull/bear/neutral colors selected by the user.
Our script was written using the PineCoders Coding Conventions for Pine .
The description was formatted using the techniques explained in the How We Write and Format Script Descriptions PineCoders publication.
Bits and pieces were lifted from the PineCoders' MTF Selection Framework .
Look first. Then leap.
(FireflyTA) Algo Score MTFAlgo Score MTF
The Algo Score MTF is a meta-analytic oscillator telling you about the technical market strength . It is analyzing a variety of different indicators and metrics to come up with a score that gives you an impression on whether the medium timeframes have fuel to go higher or if it's running out and the risk increases to see corrective price action.
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About Technical Market Strength
Algo measures the technical strength with a score between -10 and 10 . A bullish or bearish technical market strength shows a high correlation with bullish or bearish PA soon after the score reaches the significant levels deviating from 0. However, optimal treshold values (meaning the score after which the strength can be considered bullish or bearish) vary depending on the market looked at. For BTCUSD, the default values used can be seen as reference. If you want to apply Algo to other markets, you will have to calibrate the tresholds yourself.
It is important to know that market strength is the fuel to drive price higher or lower, but it is not the trigger. The trend is of superior importance. So when price is in a strong uptrend (in this case on the MTF), and the score reaches a value of -4 or lower (which can be considered bearish), it can still take a while for the trend to shift because of the strong momentum. The score in this case can be used as an indicator to show you times when it is wise to take profits / de-risk or take extra care in your risk management in general.
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Indicators used
All the indicators mentioned are calculated separately and weighted by the significance value you can customize in the indicator UI. It is also possible to (1) deactivate certain indicators and (2) force them as required, so that a signal in the oscillator only occurs when the indicator(s) that is/are required support the thesis (bullish vs. bearish).
Daily VWAP
MTF Trend
Traditional Bollinger Bands
RSI
MTF RSI Divergence
Stoch RSI
Ichimoku Cloud
Fib Retracement Levels
MACD
TTM Squeeze
Moneyflow
Custom Levels you can define (3 categories: Major, medium, minor)
For some indicators, there are specific settings to customize how they contribute to the overall score (i.e. MACD cross vs. shift vs. trending phase). It is also important to know that Algo fetches the indicator data from multiple timeframes, thereby adding reliability to the overall results.
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Algo Custom Logic
Algo is using my custom logic on when a certain indicator can be interpreted as bullish or bearish in the MTF horizon. If you want to find out about the reliability of certain indicators, I recommend disabling all the indicators except for the one you want to examine, and then see how the score reacts to price action.
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Timeframes
Due to script limitations, this version can only analyze the medium timeframes . It is best used with charts 2H+, it works on some 90m as well but ceases to work at 1H and below . It is also not compatible with higher timeframes . Upon using the same settings on the same ticker with different timeframes, you will see that the score shows a minor variance. This is because data is consolidated to match the timeframe, so it ultimately leads to minor differences. Find out for yourself what timeframe is the best to use with which market and which settings.
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How to Use
I'm going to add tooltips for the settings in the indicator UI with upcoming updates, so it becomes more clear on how to set Algo up properly. To prevent a loss of your customized settings, write them down somewhere in case a script update reverts the settings back to default.
You can find in-depth tutorials on how to use this indicator by browsing the links and resources in my signature.
Crypto Bands with ToolsThis indicator has 3 bands
1. Upper Band
2. Middle Band
3. Lower Band
1. Upper Band
Average of Moving Average of the Close (add Standard Deviations) and Highest price reached in the prior period
2. Middle Band
Average of upper and middle bands. And middle band also has BUY-SELL function. If middle band is blue you can BUY and if the middle band colored red you can SELL
3. Lower Band
Average of Moving Average of the Close(subtract Standard Deviations) and Lowest price reached in the prior period
Upper and Lower bands can be used for BUY&SELL strategy.
You can buy when price touches the lower band
You can sell when price touches the upper band
Indicator can work with long and short positions aswell
As you can see when price touches the lower band you can be LONG
and when the price touches the upper band you can be SHORT
When stock prices continually touch the upper DMR Band, the prices are thought to be overbought; conversely, when they continually touch the lower band, prices are thought to be oversold, triggering a buy signal. When using DMR Bands, designate the upper and lower bands as price targets.
indicator has ichimoku and some moving averages for checking the support and resistances.
Retail PositioningThis script tries to estimate how inclined may retail traders be to open a position based on popular indicators RSI, Stochastic, Ichimoku, Bollinger Bands, MACD, and 200 EMA. Conditions are:
Plus values
• RSI above 70
• %K above 70 or even
• Conversion line above baseline and price above the cloud
• High above the upper band
• MACD above the signal line
Each condition gives 1 point if true or 2 points if it is also above 200 EMA
Minus values
• RSI below 30
• %K below 30 or even
• Conversion line below baseline and price below the cloud
• Low below the upper band
• MACD below the signal line
Each condition gives -1 point if true or -2 points if it is also below 200 EMA
I still consider the script as in development, so if you have some ideas on how it could be improved or traded, let me know.
B1rd's Moving AverageThis special moving average is supported by many filters such as the RSI, CCI, Waddah attar, Ichimoku cloud, DMF, TSI and ATR. Combining these indicators will acts as a powerful tool to help us find the direction in trend.
With this indicator, we aim to provide you the best trend trading strategy that includes take profit and stop loss levels.
The fast moving average is named the base line, the slow moving channel is called the secondairy baseline.
Basic instructions:
The strategy prints signals in the form of a green circle in the case of a LONG signal, a red circle in the case of a SHORT signal and white cross above the candle in the case of an exit signal.
Regarding Baselines
There are two Baselines, the primary orange baseline and the secondary which changes color. Both these trendlines are used to determine price trend.
The secondary Baseline consists of a Keltner Channel which is an average True Range of the secondary baseline moving average. The color red on the secondary baseline indicates a bearish trend and the green color indicates a bullish trend. A white secondary baseline indicates a NO TRADE ZONE
Regarding Signals
When price is above both baselines, a LONG signal may be printed by the strategy depending on further verification by other internal calculations.
The LONG signal indicates a bullish trend and allows you to open a long trade. The most optimal way to long the asset is when price is near or at the primary baseline. The qualifier zone also satisfies this criterion, especially when dealing with high momentum in price.
Trend continuation Signals are the color of the relative Trend and they have a diamond shape. They indicate continuation of the trend.
In the case of a SHORT signal, price must be below both baselines. A SHORT signal indicates a bearish trend and indicates opening a short trade. Regarding when to short the position, the same criteria for a long position apply. Namely when price is near or at the baseline or in the qualifier zone.
When an Exit Signal prints, a white cross above the candle for a Long and below the candle for a short, closing of the position in question is recommended.
Regarding stoploss, profit, closing of the trade
The plot tp/sl lines is used to indicate a hard stoploss and take profit level based on an average true range of price.
When a candle closes below both baselines after an active LONG signal or above both baselines after an active SHORT signal, closing the trade is recommended. These criteria serve as secondary exit indicators.
Settings:
The initial setting allows us to select a template from a list of already tested settings. We can change the Template with this setting, make sure to use the corresponding chart and timeframe to get accurate results. More template settings will be updated in the future. Choosing any template setting but custom will override any other setting within the indicator.
Second, we have settings that allow us to input the Smoothing Type and Length on both baselines.
This also manipulates the Keltner Channel surrounding the Secondairy Base Line.
Below this you can find the exit signal option, which will cause the indicator to print exit signals.
The next setting will call upon a forecast on the primary baseline, which could help you determine future support levels based on the selected moving average.
The show Qualifier line option will plot the Entry Qualifier. It will automatically determine trend based on close relative to the Base Line, however you can Override this with the boolean option.
Finally we can enable the Take Profit and Stop Loss options. By default, these will not plot. If you desire to see recommended Take Profit and Stop Loss Levels, you can enable the checkbox in this section.
Strategy
The primary function of this indicator is to detect changes in trend. But it can also be used to supply entry levels, take profit levels and stop loss levels.
InfoPanel ExplainerCredits to @RicardoSantos for the infopanel script (www.tradingview.com)
Publishing this to hopefully start a common practice for indicators with multiple signals/rules to add an explanation of them into the indicator itself.
This would make it easier to learn new indicator setups when the reference material is all on one webpage.
May or may not be helpful to others but I needed it for something.
The indicator has inputs for where the label should go, the text size, whether or not to display the infopanel, and changing the colors for the text and background. I tried making it user friendly as possible
The example used is showcasing what the plots are in the ichimoku cloud indicator.
MACD Ichimoku By XBT_TRADE The Green Line is MACD , other are Tenkan and Kijun line from MACD line you can use this indicator and it help you to find komu divergence and price
MyAlgo EXTREMEPLEASE READ THE ENTIRE POST BEFORE PURCHASING & USING THE MyAlgo Tool. Saves you and me some time in emails and messages. :)
This is the official version of MyAlgo EXTREME
PLEASE UNDERSTAND THAT THIS IS A DIFFERENT AND SEPARATE PRODUCT AND SCRIPT FROM "MyAlgo SLIM" FROM THE MyAlgo TRADING TOOL SERIES
Description
Buy & Sell Alerts can be set on all Tickers. This includes, but is not limited to Crypto, Commodities , FOREX, Equities and Indices. Also all candle Types are compatible.
Recommended Time-frames - Due to the complexity of MyAlgo-SLIM the user has a choice between three algorithms and is like that able to trade on all timeframes with the highest returns.
MyAlgo combines many different aspects at the same time, scans multiple other Algorithms and comes to a conclusion based on over 1350 lines of code.
It is based on Divergences, Elliott Waves , Ichimoku , MACD , MACD Histogram, RSI , Stoch , CCI , Momentum, OBV, DIOSC, VWMACD, CMF and multiple EMAs.
Every single aspect is weighted into the decision before giving out an indication.
Most buy/sell Algorithms FAIL because they try to apply the same strategy to every single chart, which
are as individual as humans. To conquer this problem, MyAlgo has a wide range of settings and variables which can be easily
modified.
To make it a true strategy, MyAlgo has as well settings for Take Profit Points and Stop
Losses. Everything with an Alert Feature of course so that FULL AUTOMATION IS POSSIBLE.
I know from experience that many people take one Algorithm and are simply too LAZY to add multiple Algorithms to make a rational choice. The result of that is that they lose money, by following blatantly only one Algorithm.
MyAlgo has additional 15 Indicators, perfect for all markets, which can be turned on and off individually.
Side Notes
MyAlgo is being updated and upgraded very frequently to suit the requests of our customers.
This is not financial advice. Please read our disclaimer before using it.
Please refer to the signature field if you are interested in gaining access to this script.
Anything below this sentence will be Updates regarding MyAlgo
RSI + Kijun/Standard Deviation on RSIThe script is inspired by Bollinger bands but instead of applying them on the price, they are applied on a RSI oscillator. The standard deviation is not plotted against the average like in normal BBs but instead is based on median values (equivalent of a Kijun in Ichimoku ). The goal is to better identify excess in prices that offer good entering points. The usage of a median provides a clearer view of ranging market (ie. the line will be flat).
I use it for long-term investments on stocks to find "fair" entry points. After picking a list of stocks of interest based on fundamentals, I switch to a weekly view. If the stock RSI is under the bands, it indicates that we are in favorable conditions for a buy. For an accurate timing, you can switch to the daily chart and watch out for either a break or a reintegration in the bands. This is your signal.
