Roman's Ranges(GOLD FUTURES)This indicator provides the user with Gold Future's previous day’s range and how long it took for the price to reach its first extreme for the day. This information is used to predict the most probable daily direction trend and estimate how long you should expect to hold your winning trade. The distance and time are based on the market open candle (6:30 am). It measures from the retracement wick of the candle to the last 5m close of the day’s first extreme low or high point. It also includes that distance in pts.
Previous market data does not guarantee future results, however, you can leverage the knowledge of the previous day’s ranges to set reasonable take profit levels and when your target is not met automatically, you know how long it took on the previous day to reach the day’s first low/high. If you are nearing that amount of time and your trade is not as profitable as expected, it is easier to get out with less profits using this estimated time rather than hoping the market closes in your favor.
Markets go through cycles and it can be difficult to trade them all if you have a fault expectation how how far the price is expected to move. Price tends to deviate slowly from the average ranges slightly day after day, but you can expect an average range to prevail throughout the week +/- 3 points. It can be very easy to be stuck on 5-point take-profit levels that you don’t pay attention to the average range being twice or three times that distance. The same can be said for the opposite scenario with having higher profit expectations than reasonably possible.
This indicator and my statements are not financial advice. This is meant for educational purposes only.
Komut dosyalarını "profit" için ara
Trend Trader-RemasteredThe script was originally coded in 2018 with Pine Script version 3, and it was in invite only status. It has been updated and optimised for Pine Script v5 and made completely open source.
Overview
The Trend Trader-Remastered is a refined and highly sophisticated implementation of the Parabolic SAR designed to create strategic buy and sell entry signals, alongside precision take profit and re-entry signals based on marked Bill Williams (BW) fractals. Built with a deep emphasis on clarity and accuracy, this indicator ensures that only relevant and meaningful signals are generated, eliminating any unnecessary entries or exits.
Key Features
1) Parabolic SAR-Based Entry Signals:
This indicator leverages an advanced implementation of the Parabolic SAR to create clear buy and sell position entry signals.
The Parabolic SAR detects potential trend shifts, helping traders make timely entries in trending markets.
These entries are strategically aligned to maximise trend-following opportunities and minimise whipsaw trades, providing an effective approach for trend traders.
2) Take Profit and Re-Entry Signals with BW Fractals:
The indicator goes beyond simple entry and exit signals by integrating BW Fractal-based take profit and re-entry signals.
Relevant Signal Generation: The indicator maintains strict criteria for signal relevance, ensuring that a re-entry signal is only generated if there has been a preceding take profit signal in the respective position. This prevents any misleading or premature re-entry signals.
Progressive Take Profit Signals: The script generates multiple take profit signals sequentially in alignment with prior take profit levels. For instance, in a buy position initiated at a price of 100, the first take profit might occur at 110. Any subsequent take profit signals will then occur at prices greater than 110, ensuring they are "in favour" of the original position's trajectory and previous take profits.
3) Consistent Trend-Following Structure:
This design allows the Trend Trader-Remastered to continue signaling take profit opportunities as the trend advances. The indicator only generates take profit signals in alignment with previous ones, supporting a systematic and profit-maximising strategy.
This structure helps traders maintain positions effectively, securing incremental profits as the trend progresses.
4) Customisability and Usability:
Adjustable Parameters: Users can configure key settings, including sensitivity to the Parabolic SAR and fractal identification. This allows flexibility to fine-tune the indicator according to different market conditions or trading styles.
User-Friendly Alerts: The indicator provides clear visual signals on the chart, along with optional alerts to notify traders of new buy, sell, take profit, or re-entry opportunities in real-time.
TradingIQ - Nova IQIntroducing "Nova IQ" by TradingIQ
Nova IQ is an exclusive Trading IQ algorithm designed for extended price move scalping. It spots overextended micro price moves and bets against them. In this way, Nova IQ functions similarly to a reversion strategy.
Nova IQ analyzes historical and real-time price data to construct a dynamic trading system adaptable to various asset and timeframe combinations.
Philosophy of Nova IQ
Nova IQ integrates AI with the concept of central-value reversion scalping. On lower timeframes, prices may overextend for small periods of time - which Nova IQ looks to bet against. In this sense, Nova IQ scalps against small, extended price moves on lower timeframes.
Nova IQ is designed to work straight out of the box. In fact, its simplicity requires just one user setting, making it incredibly straightforward to manage.
Use HTF (used to apply a higher timeframe trade filter) is the only setting that controls how Nova IQ works.
Traders don’t have to spend hours adjusting settings and trying to find what works best - Nova IQ handles this on its own.
Key Features of Nova IQ
Self-Learning Market Scalping
Employs AI and IQ Technology to scalp micro price overextensions.
AI-Generated Trading Signals
Provides scalping signals derived from self-learning algorithms.
Comprehensive Trading System
Offers clear entry and exit labels.
Performance Tracking
Records and presents trading performance data, easily accessible for user analysis.
Higher Timeframe Filter
Allows users to implement a higher timeframe trading filter.
Long and Short Trading Capabilities
Supports both long and short positions to trade various market conditions.
Nova Oscillator (NOSC)
The Nova IQ Oscillator (NOSC) is an exclusive self-learning oscillator developed by Trading IQ. Using IQ Technology, the NOSC functions as an all-in-one oscillator for evaluating price overextensions.
Nova Bands (NBANDS)
The Nova Bands (NBANDS) are based on a proprietary calculation and serve as a custom two-layer smoothing filter that uses exponential decay. These bands adaptively smooth prices to identify potential trend retracement opportunities.
How It Works
Nova IQ operates on a simple heuristic: scalp long during micro downside overextensions and short during micro upside overextensions.
What constitutes an "overextension" is defined by IQ Technology, TradingIQ's proprietary AI algorithm. For Nova IQ, this algorithm evaluates the typical extent of micro overextensions before a reversal occurs. By learning from these patterns, Nova IQ adapts to identify and trade future overextensions in a consistent manner.
In essence, Nova IQ learns from price movements within scalping timeframes to pinpoint price areas for capitalizing on the reversal of an overextension.
As a trading system, Nova IQ enters all positions using market orders at the bar’s close. Each trade is exited with a profit-taking limit order and a stop-loss order. Thanks to its self-learning capability, Nova IQ determines the most suitable profit target and stop-loss levels, eliminating the need for the user to adjust any settings.
What classifies as a tradable overextension?
For Nova IQ, tradable overextensions are not manually set but are learned by the system. Nova IQ utilizes NOSC to identify and classify micro overextensions. By analyzing multiple variations of NOSC, along with its consistency in signaling overextensions and its tendency to remain in extreme zones, Nova IQ dynamically adjusts NOSC to determine what constitutes overextension territory for the indicator.
When NOSC reaches the downside overextension zone, long trades become eligible for entry. Conversely, when NOSC reaches the upside overextension zone, short trades become eligible for entry.
The image above illustrates NOSC and explains the corresponding overextension zones
The blue lower line represents the Downside Overextension Zone.
The red upper line represents the Upside Overextension Zone.
Any area between the two deviation points is not considered a tradable price overextension.
When either of the overextension zones are breached, Nova IQ will get to work at determining a trade opportunity.
The image above shows a long position being entered after the Downside Overextension Zone was reached.
The blue line on the price scale shows the AI-calculated profit target for the scalp position. The redline shows the AI-calculated stop loss for the scalp position.
Blue arrows indicate that the strategy entered a long position at the highlighted price level.
Yellow arrows indicate a position was closed.
You can also hover over the trade labels to get more information about the trade—such as the entry price and exit price.
The image above depicts a short position being entered after the Upside Overextension Zone was breached.
The blue line on the price scale shows the AI-calculated profit target for the scalp position. The redline shows the AI-calculated stop loss for the scalp position.
Red arrows indicate that the strategy entered a short position at the highlighted price level.
Yellow arrows indicate that NOVA IQ exited a position.
Long Entry: Blue Arrow
Short Entry: Red Arrow
Closed Trade: Yellow Arrow
Nova Bands
The Nova Bands (NBANDS) are based on a proprietary calculation and serve as a custom two-layer smoothing filter that uses exponential decay and cosine factors.
These bands adaptively smooth the price to identify potential trend retracement opportunities.
The image above illustrates how to interpret NBANDS. While NOSC focuses on identifying micro overextensions, NBANDS is designed to capture larger price overextensions. As a result, the two indicators complement each other well and can be effectively used together to identify a broader range of price overextensions in the market.
While the Nova Bands are not part of the core heuristic and do not use IQ technology, they provide valuable insights for discretionary traders looking to refine their strategies.
Use HTF (Use Higher Timeframe) Setting
Nova IQ has only one setting that controls its functionality.
“Use HTF” controls whether the AI uses a higher timeframe trading filter. This setting can be true or false. If true, the trader must select the higher timeframe to implement.
No Higher TF Filter
Nova IQ operates with standard aggression when the higher timeframe setting is turned off. In this mode, it exclusively learns from the price data of the current chart, allowing it to trade more aggressively without the influence of a higher timeframe filter.
Higher TF Filter
Nova IQ demonstrates reduced aggression when the "Use HTF" (Higher Timeframe) setting is enabled. In this mode, Nova IQ learns from both the current chart's data and the selected higher timeframe data, factoring in the higher timeframe trend when seeking scalping opportunities. As a result, trading opportunities only arise when both the higher timeframe and the chart's timeframe simultaneously display overextensions, making this mode more selective in its entries.
In this mode, Nova IQ calculates NOSC on the higher timeframe, learns from the corresponding price data, and applies the same rules to NOSC as it does for the current chart's timeframe. This ensures that Nova IQ consistently evaluates overextensions across both timeframes, maintaining its trading logic while incorporating higher timeframe insights.
AI Direction
The AI Direction setting controls the trade direction Nova IQ is allowed to take.
“Trade Longs” allows for long trades.
“Trade Shorts” allows for short trades.
Verifying Nova IQ’s Effectiveness
Nova IQ automatically tracks its performance and displays the profit factor for the long strategy and the short strategy it uses. This information can be found in a table located in the top-right corner of your chart showing the long strategy profit factor and the short strategy profit factor.
The image above shows the long strategy profit factor and the short strategy profit factor for Nova IQ.
A profit factor greater than 1 indicates a strategy profitably traded historical price data.
A profit factor less than 1 indicates a strategy unprofitably traded historical price data.
A profit factor equal to 1 indicates a strategy did not lose or gain money when trading historical price data.
Using Nova IQ
While Nova IQ is a full-fledged trading system with entries and exits - it was designed for the manual trader to take its trading signals and analysis indications to greater heights, offering numerous applications beyond its built-in trading system.
The hallmark feature of Nova IQ is its to ignore noise and only generate signals during tradable overextensions.
The best way to identify overextensions with Nova IQ is with NOSC.
NOSC is naturally adept at identifying micro overextensions. While it can be interpreted in a manner similar to traditional oscillators like RSI or Stochastic, NOSC’s underlying calculation and self-learning capabilities make it significantly more advanced and useful than conventional oscillators.
Additionally, manual traders can benefit from using NBANDS. Although NBANDS aren't a core component of Nova IQ's guiding heuristic, they can be valuable for manual trading. Prices rarely extend beyond these bands, and it's uncommon for prices to consistently trade outside of them.
NBANDS do not incorporate IQ Technology; however, when combined with NOSC, traders can identify strong double-confluence opportunities.
STANDARD DEVIATION INDICATOR BY WISE TRADERWISE TRADER STANDARD DEVIATION SETUP: The Ultimate Volatility and Trend Analysis Tool
Unlock the power of STANDARD DEVIATIONS like never before with the this indicator, a versatile and comprehensive tool designed for traders who seek deeper insights into market volatility, trend strength, and price action. This advanced indicator simultaneously plots three sets of customizable Deviations, each with unique settings for moving average types, standard deviations, and periods. Whether you’re a swing trader, day trader, or long-term investor, the STANDARD DEVIATION indicator provides a dynamic way to spot potential reversals, breakouts, and trend-following opportunities.
Key Features:
STANDARD DEVIATIONS Configuration : Monitor three different Bollinger Bands at the same time, allowing for multi-timeframe analysis within a single chart.
Customizable Moving Average Types: Choose from SMA, EMA, SMMA (RMA), WMA, and VWMA to calculate the basis of each band according to your preferred method.
Dynamic Standard Deviations: Set different standard deviation multipliers for each band to fine-tune sensitivity for various market conditions.
Visual Clarity: Color-coded bands with adjustable thicknesses provide a clear view of upper and lower boundaries, along with fill backgrounds to highlight price ranges effectively.
Enhanced Trend Detection: Identify potential trend continuation, consolidation, or reversal zones based on the position and interaction of price with the three bands.
Offset Adjustment: Shift the bands forward or backward to analyze future or past price movements more effectively.
Why Use Triple STANDARD DEVIATIONS ?
STANDARD DEVIATIONS are a popular choice among traders for measuring volatility and anticipating potential price movements. This indicator takes STANDARD DEVIATIONS to the next level by allowing you to customize and analyze three distinct bands simultaneously, providing an unparalleled view of market dynamics. Use it to:
Spot Volatility Expansion and Contraction: Track periods of high and low volatility as prices move toward or away from the bands.
Identify Overbought or Oversold Conditions: Monitor when prices reach extreme levels compared to historical volatility to gauge potential reversal points.
Validate Breakouts: Confirm the strength of a breakout when prices move beyond the outer bands.
Optimize Risk Management: Enhance your strategy's risk-reward ratio by dynamically adjusting stop-loss and take-profit levels based on band positions.
Ideal For:
Forex, Stocks, Cryptocurrencies, and Commodities Traders looking to enhance their technical analysis.
Scalpers and Day Traders who need rapid insights into market conditions.
Swing Traders and Long-Term Investors seeking to confirm entry and exit points.
Trend Followers and Mean Reversion Traders interested in combining both strategies for maximum profitability.
Harness the full potential of STANDARD DEVIATIONS with this multi-dimensional approach. The "STANDARD DEVIATIONS " indicator by WISE TRADER will become an essential part of your trading arsenal, helping you make more informed decisions, reduce risks, and seize profitable opportunities.
Who is WISE TRADER ?
Wise Trader is a highly skilled trader who launched his channel in 2020 during the COVID-19 pandemic, quickly building a loyal following. With thousands of paid subscribed members and over 70,000 YouTube subscribers, Wise Trader has become a trusted authority in the trading world. He is known for his ability to navigate significant events, such as the Indian elections and stock market crashes, providing his audience with valuable insights into market movements and volatility. With a deep understanding of macroeconomics and its correlation to global stock markets, Wise Trader shares informed strategies that help traders make better decisions. His content covers technical analysis, trading setups, economic indicators, and market trends, offering a comprehensive approach to understanding financial markets. The channel serves as a go-to resource for traders who want to enhance their skills and stay informed about key market developments.
Time Based 3 Candle Model CRT FrameworkThe 3 Candle Model Overview:
The 3 Candle Model serves as a sophisticated framework for traders to navigate the complexities of financial markets, particularly within futures and forex trading. This guide not only elaborates on the model's key features but also emphasizes its originality and practical usefulness in the TradingView community. The core principle of the 3 Candle Model revolves around understanding how candle patterns can represent significant price ranges, offering valuable insights into potential market movements. By integrating the model with other critical trading concepts such as the Power of Three (PO3), Open-High-Low-Close (OHLC), and Turtle Soup setups, traders can enhance their ability to identify high-probability trades and achieve better trading outcomes.
Indicator includes:
3 Customizable Timeframe choices to fractally frame 3 candle models for precision
Live Timers for each timeframe to always be aware of the models timing
Parent Candle tracking on every preffered timeframe until new models parent candle is printed
Key Features of the 3 Candle Model
The 3 Candle Model primarily utilizes a three-candle structure, where the first candle establishes a price range, the second candle may act as a confirmation (often termed a "turtle soup"), and the third candle provides the breakout or continuation. This structure is pivotal in determining entry and exit points for trades, ensuring that each trading decision is backed by solid price action analysis.
OHLC Principle:
The Open-High-Low-Close (OHLC) concept is integral to the 3 Candle Model, allowing traders to analyze price action more effectively. Understanding the relationship between these four price points helps traders gauge market sentiment and potential reversals. By incorporating OHLC into the model, traders can develop a deeper understanding of market structure and its implications for future price movements.
Delivery States:
The 3 Candle Model emphasizes the importance of delivery states, which refer to the market's phase during specific time frames. Recognizing these states aids traders in determining the appropriate conditions for entering trades, particularly when combined with the power of three and candle range patterns. This understanding is crucial for positioning trades in alignment with market momentum.
High Probability Setups:
By aligning the 3 Candle Model with inside bar setups, traders can optimize their strategies for high-probability outcomes. This approach capitalizes on the inherent fractal nature of price movements, where previous patterns repeat at different scales. The combination of the model and inside bar setups enhances the trader's toolkit, allowing for more strategic trade placements.
Turtle Soup Formation:
The 3 Candle Model intricately connects with the Turtle Soup concept, which focuses on false breakouts. Identifying these formations at critical levels enhances the trader's ability to anticipate reversals or continuation patterns. The timing of these setups, particularly during specified times like 3:00 AM, 6:00 AM, 9:00 AM, and 1:00 PM, is crucial for maximizing trade success.
Using the 3 Candle Model in Trading
Integration with PO3:
The Power of Three (PO3) is a fundamental aspect of the 3 Candle Model that emphasizes the significance of three distinct stages of price delivery. Traders can leverage this principle by observing the initial range, confirming patterns, and executing trades during the third phase, leading to higher risk-to-reward ratios. This three-stage approach enhances a trader's ability to make informed decisions based on market behavior.
Targeting Midpoints:
Successful application of the 3 Candle Model involves targeting the midpoints of identified ranges. This practice not only provides strategic entry points but also enhances the probability of reaching desired profit levels. By targeting these midpoints, traders can refine their exit strategies and manage risk more effectively.
Aligning with Market Timing:
Timing is everything in trading. By synchronizing the 3 Candle Model setups with the aforementioned key timeframes, traders can better position themselves to exploit market dynamics. This alignment also facilitates the identification of high-quality trades that exhibit strong potential for profitability.
Prioritizing A+ Setups:
By focusing on the 3 Candle Model and its associated concepts, traders can prioritize A+ setups that exhibit a strong alignment of factors. This methodical approach enhances the quality of trades taken, leading to improved overall performance. By cultivating a strategy centered on high-probability setups, traders can maximize their return on investment.
Ensuring Originality and Usefulness
To meet the TradingView community guidelines, it is essential that this script is both original and useful. The 3 Candle Model, in its essence, is designed to provide traders with a unique perspective on market movements, free from generic or rehashed strategies. This tool integrates unique interpretations of the three-candle model and the associated strategies that are distinctly articulated and innovative.
Practical Applications: there are many practical applications of the 3 Candle Model in various trading contexts. This model in conjunction with other strategies to cultivate high-probability trade setups that can enhance performance across diverse market conditions.
Educational Value: This script is crafted with educational value in mind, providing insights that extend beyond mere trading signals. It encourages users to develop a deeper understanding of market mechanics and the interplay between price action, time, and trader psychology.
Conclusion
The 3 Candle Model provides a comprehensive framework for traders to enhance their trading strategies in the futures and forex markets. By understanding and applying the principles of this model alongside the Power of Three, OHLC concepts, and Turtle Soup formations, traders can significantly improve their ability to identify high-probability trades. The emphasis on timing, delivery states, and alignment of ranges ensures that traders are well-equipped to navigate the complexities of market movements, ultimately leading to more consistent and rewarding trading outcomes.
As trading involves risk, it is essential for traders to utilize these principles judiciously and maintain a disciplined approach to their trading strategies. By adhering to the TradingView community guidelines and emphasizing originality, usefulness, and detailed descriptions, this 3 Candle Model script stands as a valuable resource for traders seeking to refine their skills and achieve greater success in the financial markets.
Through this detailed exploration of the 3 Candle Model, traders will not only learn to recognize and exploit key patterns in price action but also appreciate the interconnectedness of various trading strategies that can significantly enhance their performance and profitability.
ACCScanner[MaximizedTrading]- ACCScanner -
ACCScanner is a highly advanced and versatile TradingView indicator, specifically designed to enhance and simplify your trading experience. Whether you are a beginner or an experienced trader, ACCScanner provides all the tools you need to make informed and timely trading decisions. With a user-friendly settings menu, cutting-edge signal filtering technology, and a comprehensive alert system, ACCScanner ensures that you stay ahead of the market and never miss a key trading opportunity.
This indicator is built to adapt to your unique trading strategy, allowing for full customization and optimization. ACCScanner offers a seamless trading experience by eliminating unnecessary noise, providing only the most relevant signals, and helping you execute trades with confidence.
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🔑 Key Features:
Comprehensive Alert System: Stay ahead of the market with dynamic alerts. A "Signal incoming!" alert is triggered when trade conditions align, followed by a clear "Buy/Sell Signal" when conditions are met. Visual indicators (red for sell, green for buy) appear on the chart.
Clear and Customizable Settings: Easily customize ACCScanner for your trading strategy with a user-friendly settings menu. Switch between Desktop and Mobile modes for optimal performance.
Trading Session Time: Optimize your trading with improved session time settings for maximum efficiency.
Bollinger Bands: These bands measure market volatility, helping you identify strong signals and potential trend reversals.
RSI Bands: The RSI Bands are designed to provide an additional layer of confirmation by showing the strength of a signal. This helps you assess whether a trade setup is reliable or if caution is warranted.
EMA 200: The EMA 200 serves as a trend indicator, helping you identify the overall market direction. You can also choose to take less strong signals, as long as they align with the prevailing trend, ensuring you stay on the right side of the market.
Advanced Signal Filtering: Eliminate unnecessary signals with additional oscillator bands when signal filtering is enabled. The oscillator’s position shows signal strength—more transparent icons indicate weaker signals, focusing only on high-probability trades.
Integrated Stop Loss and Take Profit Options: Protect your trades with a range of stop loss settings, including Wick Multiplier, Fixed Stoploss, or Average Candle Size. Additionally, you can set a custom Risk Ratio for Take Profit levels, ensuring your risk management is aligned with your strategy.
Position Size Calculation: Once your settings are properly configured, ACCScanner can calculate the ideal position size, helping you manage risk and optimize trades effectively.
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🎯 Why Choose ACCScanner?
ACCScanner stands out with its powerful alert system, allowing you to stay ahead of the market without constantly monitoring your charts. After setting up the alerts, you’ll receive a "Signal incoming" notification when a potential trade is forming. Once the conditions are fully met, a clear "Buy/Sell Signal" alert will notify you, enabling swift action—even if you're away from the screen.
The ACCScanner oscillator helps you quickly assess signal strength. The light blue line (RSI) moving outside the dark blue line (Bands) indicates stronger setups, and with the Signal Strength filter, you can further refine signals. Transparent icons represent weaker signals, ensuring you focus only on high-probability trades.
ACCScanner also offers precise Stoploss, Price, and Position Size calculations, built directly into the indicator. This feature helps you manage risk efficiently. With integrated Average Candle Size calculations and customizable stop loss options, ACCScanner ensures you are trading with optimized risk management. Once all settings are correctly configured under 'Account Info', you can use the table values to execute trades with confidence.
What makes ACCScanner worth paying for is its ability to save time and enhance trading efficiency. By providing early alerts, you have time to prepare for key trading opportunities before they fully develop. This proactive approach allows you to focus on making confident decisions at the right moment, without being overwhelmed by excessive information. Additionally, the well-organized table simplifies trading by displaying all the necessary values, so you can focus on executing your strategy seamlessly.
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How to Use the ACCScanner?
⚙️ Setup Alerts
To use the ACCScanner effectively, it's crucial to set up the indicator correctly beforehand. Make sure to configure all the settings under the 'Account Info' section at the bottom of the settings menu. Proper setup is necessary to function correctly!
To set up alerts, first ensure all settings are correctly configured. Then, hover over the indicator with your mouse and click on the three dots that appear. Select 'Add Alert on ACCS ' and configure the alert settings.
🏹 3 Steps to Place a Trade with ACCScanner
Step 1: Wait for the "Signal Incoming" Alert
Once you've set up your alerts, ACCScanner will notify you when a potential trade is forming with the "Signal Incoming" alert. This is your early signal to prepare for a possible trade. At this point, begin observing the market and focus on the key indicators, such as the RSI Bands and Bollinger Bands. Check if the price or RSI is touching or approaching the outer bands, which could indicate a strong setup.
Step 2: Analyze the Situation
While waiting for the final signal, confirm whether the market conditions align with the trade strategy. If the RSI or Bollinger Bands are interacting with their respective boundaries, this strengthens the potential trade signal. Stay ready and keep a close watch on the chart for the final signal.
Step 3: React Quickly to the "Buy/Sell Signal" Alert
When you receive the "Buy/Sell Signal" alert, it means the conditions for the trade are fully met. Act quickly and use the data provided in the ACCScanner table—including Stoploss distance, Stoploss price, and Position size—to place your trade. Ensure all the settings have been configured properly under 'Account Info' beforehand so you can execute the trade smoothly and confidently.
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📌 CONCLUSION
We believe that true success comes from the synergy between the trader and the indicator, rather than relying solely on the tool itself for profitability. While many traders expect an indicator to generate profits on its own, the reality is much more nuanced.
Our goal with ACCScanner is to offer a comprehensive, customizable, and easy-to-use tool that helps traders develop a deeper understanding of market dynamics. By using ACCScanner as a support tool for informed decision-making, any trader can enhance their trading strategy and gain the confidence to act effectively.
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⚠️ Disclaimer
Past performance does not guarantee future results. All content, tools, scripts, articles, & education provided by MaximizedTrading are purely for informational & educational purposes only. Past performance is no guarantee of future results.
Descriptive Backtesting Framework (DBF)As the name suggests, this is a backtesting framework made to offer full backtesting functionality to any custom indicator in a visually descriptive way.
Any trade taken will be very clear to visualize on the chart and the equity line will be updated live allowing us to use the REPLAY feature to view the strategy performing in real time.
Stops and Targets will also get draw on the chart with labels and tooltips and there will be a table on the top right corner displaying lots of descriptive metrics to measure your strategy's performance.
IF YOU DECIDE TO USE THIS FRAMEWORK, PLEASE READ **EVERYTHING** BELOW
HOW TO USE IT
Step 1 - Insert Your Strategy Indicators:
Inside this framework's code, right at the beginning, you will find a dedicated section where you can manually insert any set of indicators you desire.
Just replace the example code in there with your own strategy indicators.
Step 2 - Specify The Conditions To Take Trades:
After that, there will be another section where you need to specify your strategy's conditions to enter and exit trades.
When met, those conditions will fire the trading signals to the trading engine inside the framework.
If you don't wish to use some of the available signals, please just assign false to the signal.
DO NOT DELETE THE SIGNAL VARIABLES
Step 3 - Specify Entry/Exit Prices, Stops & Targets:
Finally you'll reach the last section where you'll be able to specify entry/exit prices as well as add stops and targets.
On most cases, it's easier and more reliable to just use the close price to enter and exit trades.
If you decide to use the open price instead, please remember to change step 2 so that trades are taken on the open price of the next candle and not the present one to avoid the look ahead bias.
Stops and targets can be set in any way you want.
Also, please don't forget to update the spread. If your broker uses commissions instead of spreads or a combination of both, you'll need to manually incorporate those costs in this step.
And that's it! That's all you have to do.
Below this section you'll now see a sign warning you about not making any changes to the code below.
From here on, the framework will take care of executing the trades and calculating the performance metrics for you and making sure all calculations are consistent.
VISUAL FEATURES:
Price candles get painted according to the current trade.
They will be blue during long trades, purple on shorts and white when no trade is on.
When the framework receives the signals to start or close a trade, it will display those signals as shapes on the upper and lower limits of the chart:
DIAMOND: represents a signal to open a trade, the trade direction is represented by the shape's color;
CROSS: means a stop loss was triggered;
FLAG: means a take profit was triggered;
CIRCLE: means an exit trade signal was fired;
Hovering the mouse over the trade labels will reveal:
Asset Quantity;
Entry/Exit Prices;
Stops & Targets;
Trade Profit;
Profit As Percentage Of Trade Volume;
**Please note that there's a limit as to how many labels can be drawn on the chart at once.**
If you which to see labels from the beginning of the chart, you'll probably need to use the replay feature.
PERFORMANCE TABLE:
The performance table displays several performance metrics to evaluate the strategy.
All the performance metrics here are calculated by the framework. It does not uses the oficial pine script strategy tester.
All metrics are calculated in real time. If using the replay feature, they will be updated up to the last played bar.
Here are the available metrics and their definition:
INITIAL EQUITY: the initial amount of money we had when the strategy started, obviously...;
CURRENT EQUITY: the amount of money we have now. If using the replay feature, it will show the current equity up to the last bar played. The number on it's right side shows how many times our equity has been multiplied from it's initial value;
TRADE COUNT: how many trades were taken;
WIN COUNT: how many of those trades were wins. The percentage at the right side is the strategy WIN RATE;
AVG GAIN PER TRADE: the average percentage gain per trade. Very small values can indicate a fragile strategy that can behave in unexpected ways under high volatility conditions;
AVG GAIN PER WIN: the average percentage gain of trades that were profitable;
AVG GAIN PER LOSS: the average percentage loss on trades that were not profitable;
EQUITY MAX DD: the maximum drawdown experienced by our equity during the entire strategy backtest;
TRADE MAX DD: the maximum drawdown experienced by our equity after one single trade;
AVG MONTHLY RETURN: the compound monthly return that our strategy was able to create during the backtested period;
AVG ANNUAL RETURN: this is the strategy's CAGR (compound annual growth rate);
ELAPSED MONTHS: number of months since the backtest started;
RISK/REWARD RATIO: shows how profitable the strategy is for the amount of risk it takes. Values above 1 are very good (and rare). This is calculated as follows: (Avg Annual Return) / mod(Equity Max DD). Where mod() is the same as math.abs();
AVAILABLE SETTINGS:
SPREAD: specify your broker's asset spread
ENABLE LONGS / SHORTS: you can keep both enable or chose to take trades in only one direction
MINIMUM BARS CLOSED: to avoid trading before indicators such as a slow moving average have had time to populate, you can manually set the number of bars to wait before allowing trades.
INITIAL EQUITY: you can specify your starting equity
EXPOSURE: is the percentage of equity you wish to risk per trade. When using stops, the strategy will automatically calculate your position size to match the exposure with the stop distance. If you are not using stops then your trade volume will be the percentage of equity specified here. 100 means you'll enter trades with all your equity and 200 means you'll use a 2x leverage.
MAX LEVERAGE ALLOWED: In some situations a short stop distance can create huge levels of leverage. If you want to limit leverage to a maximum value you can set it here.
SEVERAL PLOTTING OPTIONS: You'll be able to specify which of the framework visuals you wish to see drawn on the chart.
FRAMEWORK **LIMITATIONS**:
When stop and target are both triggered in the same candle, this framework isn't able to enter faster timeframes to check which one was triggered first, so it will take the pessimistic assumption and annul the take profit signal;
This framework doesn't support pyramiding;
This framework doesn't support both long and short positions to be active at the same time. So for example, if a short signal is received while a long trade is open, the framework will close the long trade and then open a short trade;
FINAL CONSIDERATIONS:
I've been using this framework for a good time and I find it's better to use and easier to analyze a strategy's performance then relying on the oficial pine script strategy tester. However, I CANNOT GUARANTEE IT TO BE BUG FREE.
**PLEASE PERFORM A MANUAL BACKTEST BEFORE USING ANY STRATEGY WITH REAL MONEY**
Risk TrackerThis Risk Tracker Pine Script provides traders with a customizable tool for tracking and managing trade risk directly on their chart. The script is designed to accommodate both futures and crypto trades, allowing you to monitor risk and reward parameters, adjust contract sizes, and manage leverage in real-time.
Key Features:
1. Trade Direction and Risk-Reward Ratio:
• Select between Long or Short trade directions.
• Set a custom Risk-Reward Ratio (RRR) to calculate potential profit and loss levels based on your trade setup.
2. Customizable Parameters:
• Input fields for contract size, leverage, margin, and maximum drawdown allow you to adjust the risk settings depending on the market you are trading.
• You can toggle between using a dollar-based or percentage-based risk calculation depending on whether you’re trading futures (USD-based) or crypto.
3. Real-time Stop-Loss and Take-Profit Calculation:
• The script automatically calculates and draws the Stop-Loss (SL) and Take-Profit (TP) levels on the chart based on your entry price and selected risk settings.
• The color of the SL and TP lines is customizable, allowing you to visually distinguish profit and loss levels.
4. Historical Price Levels:
• If there is no active trade, the script scans historical price data to find the last instances when the price hit the predefined stop-loss or take-profit levels, helping you understand past price behavior.
5. Risk Management Table:
• A summary table is displayed on the chart, showing the key metrics of your trade, including:
• Tick value and Dollar value for futures.
• Margin and Leverage for crypto.
• Risk-Reward Ratio, Entry price, Risk and Profit in USD or percentage terms.
• The table dynamically updates based on the current trade status.
6. Extended Chart Visualization:
• Option to extend the SL and TP lines to the left of the chart, allowing you to easily view these levels across multiple timeframes and bars.
This script helps ensure you are always aware of your trade’s risk profile, providing a clear and visual representation of potential profit and loss, both in terms of percentage and dollar value. Ideal for futures and crypto traders who rely on precise risk management to maintain profitability.
DILM TRADING - Market Sentiment and FibonacciDILM TRADING - Market Sentiment and Fibonacci
Overview
The DILM TRADING - Market Sentiment and Fibonacci indicator is designed to provide traders with a comprehensive view of market trends and potential trading opportunities. By combining several popular technical indicators such as the SuperTrend, Fibonacci levels, and multiple sentiment indicators, this tool offers a deep analysis of market dynamics. Each component has been carefully selected to work in harmony, providing users with reliable entry and exit signals and helping them navigate volatile markets.
Why This Combination?
This indicator brings together different elements with specific purposes:
SuperTrend: A trend-following indicator that helps identify the market's current direction and acts as a dynamic stop-loss tool.
Fibonacci Levels: Known for pinpointing potential market reversal points, these levels provide crucial support and resistance areas for traders to set stop-losses and take-profits.
Sentiment Indicators: Tools like RSI, MACD, and Ichimoku are combined to gauge market momentum, allowing traders to assess whether a market is overbought or oversold, and whether the current trend is strong enough to continue or reverse.
The combination of these indicators gives traders a complete framework for analyzing the market: trend direction, market sentiment, and key price levels. Each of these elements works in tandem to provide signals that are both timely and accurate.
Key Features
SuperTrend
Based on the Average True Range (ATR), the SuperTrend indicator is an excellent way to determine the current trend. If the price is above the SuperTrend line, it suggests an uptrend, whereas if the price is below it, a downtrend is indicated. It is also a highly effective tool for setting trailing stop-losses, thereby improving risk management.
Fibonacci Levels
The script automatically calculates Fibonacci retracement levels based on the highest and lowest points within a specific timeframe. These levels are essential for identifying potential reversal zones, key areas for stop-losses, and take-profit levels. The levels adjust according to the prevailing trend, making them a dynamic and responsive tool for any market condition.
Sentiment Indicators
This section integrates multiple sentiment indicators to give a holistic view of market direction:
Ichimoku Cloud: Measures the strength of trends and identifies potential reversal zones using clouds (Kumo).
OBV (On-Balance Volume): Tracks volume changes to confirm the direction of price movements.
CMF (Chaikin Money Flow): Monitors the money flow to identify buying or selling pressure.
RSI (Relative Strength Index): Highlights overbought or oversold conditions, signaling potential trend reversals.
MACD: A reliable tool for identifying bullish and bearish crossovers.
ADX (Average Directional Index): Determines the strength of the prevailing trend, helping to confirm whether it's likely to continue or weaken.
Volatility Filter
The ATR (Average True Range) acts as a filter to identify periods of high or low volatility, helping traders to adapt their strategies to the current market environment. High volatility suggests larger price swings, potentially offering better trading opportunities, while low volatility indicates consolidation or range-bound conditions.
Order Blocks
The script visually identifies bullish and bearish order blocks on the chart. These zones represent areas where significant buying or selling occurred, making them crucial for spotting potential breakout or reversal points.
How to Use
Entry/Exit: Fibonacci levels (50% or 61.8%) serve as potential entry points, while the 0% and 100% levels can be used to set take-profit and stop-loss levels.
Sentiment Analysis: The overall market sentiment is derived from the combination of Ichimoku, OBV, CMF, RSI, ADX, and other tools, helping traders make informed decisions on whether to buy or sell.
Risk Management: Use SuperTrend and Fibonacci levels to set precise stop-loss points and improve risk management.
New Feature: Moving Average and RSI Confirmation
A recent addition allows users to calculate two moving averages (short and long) and the RSI on a timeframe of their choice. An entry signal is generated when the short moving average crosses above the long, and the RSI is below a specific threshold. Conversely, a sell signal is displayed when the short moving average crosses below the long, and the RSI is above a defined level.
Limitations
This indicator may be less effective during periods of low volatility or range-bound markets. It's important to use this tool in conjunction with other analysis techniques, as relying on a single indicator could lead to false signals.
DILM TRADING - Sentiment de marché et Fibonacci
Vue d'ensemble
L'indicateur DILM TRADING - Sentiment de marché et Fibonacci a été conçu pour offrir une vue d'ensemble des tendances du marché et des opportunités de trading potentielles. En combinant plusieurs indicateurs techniques populaires, tels que le SuperTrend, les niveaux de Fibonacci, et divers indicateurs de sentiment, cet outil fournit une analyse complète des dynamiques du marché. Chaque composant a été soigneusement sélectionné pour fonctionner ensemble, offrant des signaux d'entrée et de sortie fiables.
Pourquoi cette combinaison ?
Cette combinaison d'indicateurs permet de fournir un cadre complet pour analyser le marché. Le SuperTrend permet d'identifier la tendance, tandis que les niveaux de Fibonacci aident à déterminer les zones de retournement clés. Les indicateurs de sentiment, comme le RSI et le MACD, ajoutent une dimension supplémentaire en mesurant la force et la direction du marché.
Caractéristiques clés et Utilisation
SuperTrend : Indique la tendance actuelle et propose des niveaux de stop-loss dynamiques.
Niveaux de Fibonacci : Utilisés pour repérer des points de retournement potentiels et définir des niveaux de stop-loss et de take-profit.
Indicateurs de Sentiment : Outils comme l'Ichimoku, le RSI, et l'ADX fournissent une analyse globale du marché, permettant de prendre des décisions éclairées.
Nouvelle fonctionnalité : Confirmation des Moyennes Mobiles et RSI
Cette fonctionnalité permet d'utiliser deux moyennes mobiles et le RSI pour générer des signaux d'achat et de vente basés sur les croisements et les niveaux de surachat/survente du RSI.
Conclusion
Le DILM TRADING - Sentiment de marché et Fibonacci est un outil puissant et polyvalent, conçu pour les traders cherchant à affiner leurs stratégies grâce à une analyse complète des tendances et du sentiment du marché.
Buy Signal Only with Multiple Indicators and Stop LossDescription: This custom Pine Script indicator is designed to help traders identify optimal buy signals using a combination of multiple technical indicators. It provides visual markers for entry points, take profit levels, and stop loss, offering a comprehensive tool for decision-making.
Features:
Buy Signal: Generates a buy signal based on a combination of EMA Cloud, SuperTrend, Zero Lag MACD, QQE, Volume Oscillator, and ATR Bands.
Entry Point: Displays a horizontal line at the entry price with a price label, extended to the right for visibility.
Take Profit Levels:
1% Take Profit: A dashed red line with a price label for the first take profit level.
2% Take Profit: A dashed orange line with a price label for the second take profit level.
Stop Loss: A dotted purple line with a price label to indicate the stop loss level set at 3%.
Parameters:
EMA Short Length: Adjust the period for the short EMA.
EMA Long Length: Adjust the period for the long EMA.
ATR Length: Set the length for ATR calculation.
Multiplier: Define the factor for the SuperTrend calculation.
MACD Length and Signal Length: Configure lengths for MACD and its signal line.
RSI Length and Smooth Length: Set parameters for RSI and its smoothing.
Volume Lengths: Customize lengths for the volume oscillator.
ATR Band Length and Multiplier: Set parameters for ATR Bands.
Delay Bars: Specify the number of bars to wait before showing another buy signal.
Take Profit Percentages: Adjust percentages for the 1% and 2% take profit levels.
Stop Loss Percentage: Set the stop loss percentage.
Line Extension Length: Define the number of bars to extend lines.
Right Offset Bars: Configure how many bars to offset labels and lines to the right.
Usage:
Identify Buy Opportunities: The indicator helps identify potential buy signals using multiple indicators.
Manage Trades: Visualize entry points, take profit targets, and stop loss levels to manage trades effectively.
Customization: Tailor the indicator to fit your trading strategy by adjusting the parameters.
Notes:
This is what we call version 1.
Ensure that the indicator's settings align with your trading strategy and market conditions.Use in conjunction with other analysis tools for a comprehensive trading approach.
Harmonic Patterns [WinWorld]PREFACE
This indicator was made with the help of our team's fellow friend and harmonic patterns expert, whose support we deeply appreciate — @Muneer_Gove
DESCRIPTION
Harmonic patterns are one the most recognizable and popular trading concepts in the word of trading.
They are distinct formations, found in the financial markets, that predict potential price movements based on Fibonacci ratios. These patterns, which include the Gartley, Bat, Alt Bat, Butterfly and etc., identify specific and repetitive price structures that can forecast future price reversals. By incorporating these patterns into trading process, one does gain an opportunity to profit from repetetitve price movements.
The whole thing about harmonic pattern is the process of finding them. The basic step-by-step guide to build a harmonic pattern is this:
Locate significant highs and lows on the chart, which form the basis of the pattern. The best tools to use for this purple is zigzag, because zigzag indicator draw lines, which will be helpful quite helpful in the process and will save you a lot of time;
Use Fibonacci tools to measure the retracement and extension levels between legs of pattern — distances between pair of points . Each harmonic pattern has specific Fibonacci ratios that define its structure;
Draw lines connecting the pivot points according to the pattern's structure. For example, a Gartley pattern connects five points (X, A, B, C, D) in a specific sequence and ratio;
Ensure that the identified structure adheres to the harmonic pattern’s Fibonacci requirements. If the points align within the acceptable ranges, the pattern is valid.
In order to better understand this process let's see an example of the pattern from our indicator right away:
This is a Butterfly pattern. Its set of retracememt ratios is as follows:
AB/XA = 0.756 to 0.816
BC/AB = 0.382 to 0.990
CD/BC = 1.618 to 2.618
AD/XA = 1.27
Below you can see that each ratio of the pattern is successfully met:
* Note : white lines — ratio range, yellow line — point 's price level in between ranges.
AB/XA Ratio
BC/AB Ratio
CD/BC Ratio
AD/XA Ratio
SETTINGS
Main Settings
Failed Patterns — shows/hides patterns, which meet one of these conditions:
— Price crossed level of point C before reaching PRZ;
— New pattern appeared and PRZ of previous pattern was not reached;
Completed Patterns — shosw/hides patterns, whose PRZ was reached;
Dashboard — shows/hides dashboard, which displays active patterns (patterns, which can be used to trade).
Alert Settings
PRZ — enables/disables alert of event, when price reaches PRZ.
ZigZag Settings
Depth #1-9 — shows/hides patterns of the chosen zigzag copy. Here you can choose customize depth number.
Pattern Visual Controls
Bullish Patterns — shows/hides bullish patterns;
Bearish Patterns — shows/hides bearish patterns;
Pending Patterns — shows/hides patterns, whose PRZ has not been reached yet;
list of pattern names — hides/shows chosen pattern.
Colours
Bullish — colour of bullish patterns;
Bearish — colour of bearish patterns.
IMPORTANT CONCEPTS
PRZ — entry target level.
If its text near the line level is purple, it means that PRZ has NOT been reached yet.
If it is white, it means that PRZ has been reached.
In order for SL or TP to be counted when price reaches, price has to reach PRZ first with its high/low.
SL — stop-loss.
If its near the line level is red, it means that SL has NOT been reached yet.
If it is white, it means that SL has been reached.
If it is gray, it means that SL has been invalidated — price crossed with high/low the level of point C before reaching PRZ.
If SL is reached and price reaches TP targets, they will be counted.
SL of each pattern are built by individual ratio. For example, in Butterfly pattern SL ratio is 1.414 and it is calculated as (SL - A)/XA.
IMPORTANT NOTE : SL is reached when price crosses SL level with candle's close (!)
TP — take-profit.
If its near the line level is green, it means that TP has NOT been reached yet.
If it is white, it means that TP has been reached.
If one of the TP targets is reached and price reached SL, it will not be counted.
IMPORTANT NOTE : TP is reached when price crosses TP level with candle's high/low(!)
TP of each pattern are built by same the ratios for all patterns, but it is calculated by individual algorithm. For example, in the same Butterfly pattern TP ratio will be 0.382, 0.500 and 0.618 and they will be placed as Fibonacci retracement grid from point A to point D ( same for formula for all other patterns, excluding the ones listed next ), BUT on Shark , Muner and AB=CD pattern the same TP will be placed as Fibonacci retracement grid from point C to point D
WHY USE THIS INDICATOR?
Our Harmic Patterns indicator uses zigzag, which is based on depth mechanic. In order to identify the maximum possible amount of patterns this indicator runs 9 copies of the same zigzags with different depth values. Each copy of zigzag can be turned off in the settings individually.
At the moment of publishing, this indicator can autmatically identify 10 patterns:
Crab
Deep Crab
Gartley
Deep Gartley
Bat
Alt Bat
Muner
Butterfly
Shark
AB=CD
Things, that make this indicator different from other harmonic pattern indicator, are:
Advanced pattern recognition and validation process. We have implemeted special logic, which allows the indicator to draw fully accurate patterns, which satisfy industry standards.
For example, let's say we have a bearish pattern. We take points X an A. If there is a price's high, that is above X point's high, such pattern should be automatically invalidated. We have found even one indicator that does perform such validation process, and our indicator does that. . And this is just one example, we have much of such mechanics implemeted thanks to Mr. Muner's knowledge.
Advanced pattern extension mechanics . Right this mechanic applies to only one pattern — Shark. Its classic CD/BC ratio is 0.886, but when price moves in a way so this ratio now equals to 1.13, this signal the indicator to redraw the pattern, based on this new CD/BC ratio. We haven't found any indicator on the market that has such mechanic implemented.
Dashboard for displaying active patterns . On this dashboard you can find patterns, whose SL and TP have not been touched yet. If price touches the SL or TP of the pattern, this pattern is removed from the dashboard, because it is considered finished.
At the moment of publishing this dashboard only shows the patterns from the current timeframe.
Informative alert when price reaches PRZ of the pattern . Many other indicator do not provide details of this event, which requires trader to waste his time on opening up the chart and searching for this event. Our indicator allows trader to see the PRZ price right when alert happens and open up the trade much fastr.
Alert message is made by this template:
, : PRZ was reached at on
Example:
BTCUSDT, long Bat: PRZ was reached at 70,000 on 15m.
ALERTS
At the moment of publishing this indicator offers one alert, which happens when price reaches PRZ level.
HOW CAN I GET THE MOST OUT OF THIS INDICATOR?
This indicator can act as the standalone tool, because PRZ, TP and SL are assigned to each pattern and tracked during the pattern's life period.
You can this indicator with any other strategy or indicator, because this indicator is basically a tool that shows the trader repetitive price formations, after which price tends to go a certaion direction in the most cases, allowing trader to profit from it.
You can try combining Harmonic Patterns indicator with Smart Money tools, made by our team, because Smart Money strategies basically show the most liquid price zones and levels, which can be used to find an entry opportunity and Harmonic Patterns indicator can be added to make a final decision on the entry.
If you are interested in trying these two strategies together, feel free to learn Smart Money trading strategy by reading our Advanced SMC guide, which is available in our eductional materials.
SUMMARY
Harmonic Patterns indicator is an advanced tool of technical analysis, which automatically finds 10 most used harmonic patterns on the chart, assign PRZ, TP and SL targets to them and tracks them during each pattern 'life period'.
While searching for these patterns, this indicator performs series of validation techniques, that allow trader to see only the most valid patterns, which have a higher changes to succeed.
This indicator can be used both as a standalone tool and as 'team player' for any stategy by being the tool, which can be used for making a final decision on an entry target.
AFTERWORD
This indicator has been developed for more than 2 weeks, which consisted of everyday discussions, bug fixes and special additons to the algorithm in order to making patterns more valid, so we really hope you will find a great use of this indicator and it will help you recude time on the analysis and boost your profits :)
We want to express our gratitude to @Muneer_Gove once again, because he has done huge job helping us fine-tuning the algorithm, building complex pattern validatiom and extension logic and fixing bugs. Thank you!
Best of luck , traders!
— with love, WinWorld Team
GG Short & Long IndicatorGG Short & Long Indicator is a powerful signal indicator with AI
How do indicator signals work?
The main purpose of the indicator is to give a signal that is most likely to bring profit based on historical data. This ORIGINAL trend algorithm gives SHORT and LONG signals when several conditions coincide: 1) Breakout of the average value of the modernized VWAP (this VWAP takes data only from certain time periods and trading sessions, as a result, its breakout most often coincides with the beginning of a strong trend); 2) The previous condition must be confirmed by volumes. I noticed that on some crypto exchanges, depending on whether the breakout is false or true, the volumes are different relative to each other. I applied this knowledge for additional filtering of signals (this point works only on crypto assets, on other assets the algorithm works without taking it into account, maybe later I will refine it); 3) When some of my original formulas to determine overbought (similar in principle to RSI, but more designed to work with the trader algorithm), should not show overbought - so that the entry into the transaction was not at too unfavorable values. To summarize, the algorithm tries to find a balance to determine a true breakout, during which the price will not go too far (for an acceptable RR).
But the most important thing is that the parameters to customize the algorithm are governed by our original AI algorithm. It can adjust the indicator in two modes: 1) Settings are selected based on the most profitable historical settings. 2) The settings are selected based not only on historical profitability, but also on winrate, frequency of trades, and a few other items that we will not disclose (so the code is closed) - we consider this approach as a priority, because according to our observations, it gives the highest performance compared to manual tuning. In addition, AI simply simplifies the work with the indicator - you do not need to adjust the settings manually for different trading pairs or timeframes, AI will do it all by itself and immediately give the ready result (backtest) on the table.
How to trade?
After the signal is issued, the indicator determines the recommended levels to close the trade (green dots). Stop loss should be placed behind the corresponding gray SL mark. Levels for closing a deal (TP) and the level of stop loss setting (SL) are also determined automatically for the selected pair and TF, based on volatility and selected indicator settings
To make a trade, you can also use the built-in “Support and Resistance Zones” tool, which displays ranges on the chart based on the modernized ATR, from which the price is more likely to rebound (here I also used my own approach, where in addition to the classic ATR formula, I also used volumes from certain crypto exchanges to determine more accurate price rebound zones)
These zones are also adjusted by AI - the algorithm compares several dozens of variations of these zones (with different settings) and chooses the one that best fits the current settings of the signal algorithm. For example, if the indicator is set up for frequent trades - the zones will be updated faster and will be less deep than if the indicator is set up for medium-term trading
If desired, you can customize the indicator manually using the corresponding section of the settings. Each paramater has a tooltip describing how and what it affects.
Statistisc panel
The panel can be divided into 2 conditional parts:
1) Statistics for each individual TP for the selected strategy. It shows the winrate and gross profit, if you fix a trade on a single target completely
2) Total trading result, if you trade clearly according to the strategy and fix the position by equal hours on 4 TPs. The total trading result is displayed for the current indicator settings, it also shows the best, worst and optimal of the possible indicator settings and the trading result of these settings on the side.
How do setup the indicator?
The indicator has preset settings for several major pairs and timeframes. These are fixed settings specifically selected for individual pairs and timeframes. You can use these presets, or you can choose one of the adaptive settings, which will AUTOMATICALLY select the best/optimal indicator settings.
I recommend choosing the “Adaptive Optimal” preset, as it uses more data to determine the optimal indicator settings and according to my observations this method works better in comparison to manual indicator settings or the “Adaptive Best” preset
Or you can use the manual settings, as mentioned earlier.
Fibo Level DailyOverview
The "Fibo Level Daily" strategy is designed for trading Bitcoin (BTC) using the 1-hour timeframe. This strategy relies on Fibonacci levels calculated from the previous day's range and determines entry and exit points based on whether the previous daily candle was bullish or bearish.
How It Works
Fibonacci Levels Calculation:
The indicator calculates Fibonacci levels (0.8, 0.5, and 0.2) based on the high and low of the previous day.
The levels are calculated as follows:
0.8: This level is calculated by multiplying the difference between the previous day's high and low by 0.8 and adding the result to the previous day's low.
0.5: This is the midpoint of the previous day's range.
0.2: This level is calculated by multiplying the difference between the previous day's high and low by 0.2 and adding the result to the previous day's low.
Identifying the Previous Day's Trend:
The indicator checks if the previous daily candle closed bullish (close greater than open) or bearish (close less than open).
Setting Entry and Take Profit Levels:
If the previous daily candle was bearish:
Sell Entry: Wait for the price to rise to the 0.5 level (midpoint of the previous day's range) to enter a sell position.
Take Profit: The profit target is set at the 0.2 level.
If the previous daily candle was bullish:
Buy Entry: Wait for the price to drop to the 0.5 level (midpoint of the previous day's range) to enter a buy position.
Take Profit: The profit target is set at the 0.8 level.
Visual Representation on the Chart:
The indicator draws horizontal lines on the chart representing the Fibonacci levels (0.8, 0.5, and 0.2) from the previous day. These lines help visualize entry and exit points clearly.
Additionally, the last 15 minutes of the daily session are highlighted with a light red background to indicate the session's end.
Conditions of Use:
Timeframe: This indicator is specifically designed for use on the 1-hour timeframe.
Assets: While it can be used on any asset, it is optimized for trading Bitcoin (BTC).
Steps to Use the Indicator
Add the Indicator:
Insert the "Fibo Level Daily" indicator script into your trading platform (such as TradingView).
Select Timeframe:
Change the chart timeframe to 1 hour.
Interpret the Levels:
Observe the horizontal lines drawn on the chart representing the Fibonacci levels.
Identify whether the previous daily candle was bullish or bearish.
Wait for the Entry Price:
For a bearish previous daily candle: Wait for the price to rise to the 0.5 level to enter a sell position.
For a bullish previous daily candle: Wait for the price to drop to the 0.5 level to enter a buy position.
Set the Profit Target:
For a sell: Set your profit target at the 0.2 level.
For a buy: Set your profit target at the 0.8 level.
Execute the Trade:
Initiate the trade once the price reaches the entry level and set your take profit according to the identified trend from the previous day.
Conclusion
The "Fibo Level Daily" strategy provides a clear and precise methodology for identifying entry and exit points in Bitcoin using Fibonacci levels. By following this step-by-step guide, any trader can take advantage of market movements based on the previous day's price action, optimizing their trading opportunities on the 1-hour timeframe.
ICSM (Impulse-Correction & SCOB Mapper) [WinWorld]DESCRIPTION
ICSM (Impulse-Correction SCOB Mapper) is the indicator that analyzes the price movement and identifies valid impulses, corrections and SCOBs. It is a powerful tool that can be used with any type of technical analysis because it's flexible, informative, easy to use and it does substantially improve trader's awareness of the most liquid zones of interest.
SETTINGS
General | Visuals
Colour theme — defines the colour theme of the ICSM.
SCOB | Visuals
Show SCOB — enables/disables SCOB;
Mark SCOB with — represents a list of style options for SCOB representation;
SCOB colour — defines the colour of the SCOB;
ICM | Visuals
Show ICM lines — enables/disables ICM (Impulse-Correction Mapper) lines;
Show IC trend — enables/disables visualization of impulse-correction trend via coloured divider at the bottom of the chart;
Line colour — defines the colour of the ICM lines;
Line style — defines the style of the ICM lines;
Alerts
ICM — enables/disables alert for breaking ICM lines;
SCOB — enables/disables alert for SCOB creation;
ICM+SCOB — enables/disables alert for SCOB occurance at the end of the single impulse/correction, which grabs ICM line's liquidity.
ICM+SCOB (same candle) — enables/disables alert for SCOB occurance at the candle, which grabs ICM line's liquidity.
IMPORTANT CONCEPTS
In order to fully understand what ICSM can do, let's do a quick overview of the most important concepts that this indicator is built on.
By ICM we mean the liquidity grabbing of Impulse-Correction Mapper's lines (ICM lines; represented as dashed horizontal lines on the chart ). Saying shortly, liquidity grabs of ICM lines posses great opportunities for finding great entries.
SCOB (Single Candle Order Block) builds up by 3 simple rules:
Previous candle's liquidity is grabbed;
Current candle closes inside previous candle;
Imbalance occurs on the next candle.
SCOB is a quite useful zone of interest, from which the price usually reverses. You can also use SCOB as POI* on HTF** or as entry zone on LTF***.
* POI — Point Of Interest
* HTF — Higher TimeFrame
* LTF — Lower TimeFrame
"ICM+SCOB" is a short name that we use for event, at which price first grabs the liquidity from ICM line and then creates a SCOB at the same impulse/correction movement ( on the same ICM line, that does the liquidity grab ). Usually the SCOB that occurs after this event represents a highly liquid zone of interest , which should be considered when choosing entry level.
"ICM+SCOB (same candle)" is basically the same as "ICM+SCOB" event but with one major difference — the candle, which grabs the liquidity of ICM line, is also the candle at which the SCOB occurs, making such SCOB an even better zone of interest than a regular SCOB from ICM+SCOB event.
BIGGEST ADVANTAGES
ICSM precisely identifies impulses and corrections. Huge load of indicators on the TradingView does only show the simplest zones of interests, while ICSM uses our team's signature algorithms to precisely identify true impulses and corrections in the market, allowing traders to see both local and global price direction better and at the same time providing traders with the most liquid zones of interest;
ICSM shows points of interest and liquidity. The indicator identifies the nearest points of interest and zones, where the liquidity is concentrated, allowing you to find great entry and exit points for your trades;
ICSM has SCOB (Single Candle Order Block) detection function. ICM is packed with the extremely useful in SMC trading SCOB detetction feature, which allows you find even more solid points of interest;
ICSM has super minimalistic design, which contains only the things you really need. Your chart will not be overloaded with unnecessary information. You will only see clear points of interest, liquidity and price movement.
WHY SHOULD YOU USE IT?
As was said above, ICSM allows you to see the most profitable points and zones of interest, which professional SMC traders consider as one of the best in the market, because they are historically the areas from which the price bounces the most, allowing the smartest traders to get quick an clean profits with low drawdown.
In the ICSM indicator these zones are SCOB and ICM line liquidity grabs. By using these zones of interest to find entry points, you increase the chance to open a trade at the most lucrative price and reduce trading risks.
Considering what was said above, this indicator can help traders reduce drawdown risks and increase potential profits simply by showing the most liquid zones of interest, which are perfect for opening a trading position.
Here are some of the examples of how you leverage ICSM in your trading process:
Example of the short trade:
Price shows overall short trend. Trend liquidity is being formed.
Price grabs liduiqity from three ICM lines in a row and then creates a long SCOB at the end of 3rd liquidity grab.
SCOB, which occured at the end of ICM line, represents much stronger zone of interest than a regular SCOB. In this case it represents a zone, which we will use to find an entry.
The entry for the trade will be SCOB candle's low, stop-loss target should be put above SCOB candle's high. Our take-profit target is trend liquidity. See the screenshot above for better understanding.
▼ Now let's see the long trade example. ▼
Example of the long trade:
Price creates trend liquidity by showing equal highs ( EQH ).
Price grabs liduiqity from four ICM lines in a row and then creates a long SCOB at the end of 4th liquidity grab.
Again: SCOB, which occured at the end of ICM line, represents much stronger zone of interest than a regular SCOB. In this case it represents a zone, which we will use to find an entry.
The entry for the trade will be SCOB candle's high, stop-loss target should be put below SCOB candle's low. Our take-profit target is EQH. See the screenshot above for better understanding.
ALERTS
ICSM provides simple and easy alert customization, allwoing to choose only the alerts you want to receive. You can choose from the following alert options:
ICM — impulse or correction liquidity grab;
SCOB — SCOB is formed, wether or not the liquidity is grabbed from the impulse or correction;
SCOB+ICM — SCOB is formed after grabbing the liquidity of the ICM line;
SCOB+ICM (same candle) — SCOB is formed in the liquidity area of the impulse or correction.
HOW CAN I GET THE MOST OUT OF IT?
ICSM displays only the first liquidity of an impulse or correction, which matches the IDM (Inducement) in the Advanced SMC strategy . This strategy is completely covered in the World Class SMC indicator and is available for free for PDF in three parts.
You can also ICSM with any other strategy, because ICSM is a very flexible indicator and will help anyone improve their trading by making one aware of the high-quality liquidity on the chart.
Let's see how you can leverage ICSM with our World Class SMC indicator and other different strategies:
Example of the long & short trades with World Class SMC.
Long (1-3):
Price reached previous OB-EXT . This is the first sign for the potential price reversal;
ICM+SCOB happened after price reached OB-EXT;
After that, you can need to look for an entry on LTF. If you don't know how to do it, you can refer to our education materials.
Short (4-6):
Price reached OB-IDM , which is also a great sign for a potential upcoming price reversal;
ICM+SCOB occured after liquidity grab of the previous SCOB. This fact does strengthen the probability of the potential upcoming price reversal;
Now you need to switch to LTF and find an entry there.
Example of the short trade with simple Fibonacci retracement strategy.
Price grabs the liquidity of the ICM lines three times in a row, forming SCOB after the 3rd grab;
Price performs correctional move down without testing the SCOB, leaving no entry opportunity by our initial strategy, so we can add another strategy — Fibonacci retracement from 0.618 level — to our analysis in order to find an entry ;
We use Fibonacci grid with our initial strategy to find the best POI, that will align with the trend direction and will eventually become our entry point.
SUMMARY
ICSM is a unique indicator that indentifies zones and points of interests with high-quiality liquidity and can be both a stand-alone tool and can be integrated into any other strategy to increase the efficiency of analysis, accuracy of trading entries and reduce trading risks.
If you want to learn the SMC strategies that our team uses in our products, you can refer to our educational materials.
We hope that you will find a great use of ICSM and it will help you improve your perfomance as a trader. Best of luck, traders!
— with love, WinWorld Team
Bitcoin Macro Trend Map [Ox_kali]
## Introduction
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The “Bitcoin Macro Trend Map” script is designed to provide a comprehensive analysis of Bitcoin’s macroeconomic trends. By leveraging a unique combination of Bitcoin-specific macroeconomic indicators, this script helps traders identify potential market peaks and troughs with greater accuracy. It synthesizes data from multiple sources to offer a probabilistic view of market excesses, whether overbought or oversold conditions.
This script offers significant value for the following reasons:
1. Holistic Market Analysis : It integrates a diverse set of indicators that cover various aspects of the Bitcoin market, from investor sentiment and market liquidity to mining profitability and network health. This multi-faceted approach provides a more complete picture of the market than relying on a single indicator.
2. Customization and Flexibility : Users can customize the script to suit their specific trading strategies and preferences. The script offers configurable parameters for each indicator, allowing traders to adjust settings based on their analysis needs.
3. Visual Clarity : The script plots all indicators on a single chart with clear visual cues. This includes color-coded indicators and background changes based on market conditions, making it easy for traders to quickly interpret complex data.
4. Proven Indicators : The script utilizes well-established indicators like the EMA, NUPL, PUELL Multiple, and Hash Ribbons, which are widely recognized in the trading community for their effectiveness in predicting market movements.
5. A New Comprehensive Indicator : By integrating background color changes based on the aggregate signals of various indicators, this script essentially creates a new, comprehensive indicator tailored specifically for Bitcoin. This visual representation provides an immediate overview of market conditions, enhancing the ability to spot potential market reversals.
Optimal for use on timeframes ranging from 1 day to 1 week , the “Bitcoin Macro Trend Map” provides traders with actionable insights, enhancing their ability to make informed decisions in the highly volatile Bitcoin market. By combining these indicators, the script delivers a robust tool for identifying market extremes and potential reversal points.
## Key Indicators
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Macroeconomic Data: The script combines several relevant macroeconomic indicators for Bitcoin, such as the 10-month EMA, M2 money supply, CVDD, Pi Cycle, NUPL, PUELL, MRVR Z-Scores, and Hash Ribbons (Full description bellow).
Open Source Sources: Most of the scripts used are sourced from open-source projects that I have modified to meet the specific needs of this script.
Recommended Timeframes: For optimal performance, it is recommended to use this script on timeframes ranging from 1 day to 1 week.
Objective: The primary goal is to provide a probabilistic solution to identify market excesses, whether overbought or oversold points.
## Originality and Purpose
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This script stands out by integrating multiple macroeconomic indicators into a single comprehensive tool. Each indicator is carefully selected and customized to provide insights into different aspects of the Bitcoin market. By combining these indicators, the script offers a holistic view of market conditions, helping traders identify potential tops and bottoms with greater accuracy. This is the first version of the script, and additional macroeconomic indicators will be added in the future based on user feedback and other inputs.
## How It Works
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The script works by plotting each macroeconomic indicator on a single chart, allowing users to visualize and interpret the data easily. Here’s a detailed look at how each indicator contributes to the analysis:
EMA 10 Monthly: Uses an exponential moving average over 10 monthly periods to signal bullish and bearish trends. This indicator helps identify long-term trends in the Bitcoin market by smoothing out price fluctuations to reveal the underlying trend direction.Moving Averages w/ 18 day/week/month.
Credit to @ryanman0
M2 Money Supply: Analyzes the evolution of global money supply, indicating market liquidity conditions. This indicator tracks the changes in the total amount of money available in the economy, which can impact Bitcoin’s value as a hedge against inflation or economic instability.
Credit to @dylanleclair
CVDD (Cumulative Value Days Destroyed): An indicator based on the cumulative value of days destroyed, useful for identifying market turning points. This metric helps assess the Bitcoin market’s health by evaluating the age and value of coins that are moved, indicating potential shifts in market sentiment.
Credit to @Da_Prof
Pi Cycle: Uses simple and exponential moving averages to detect potential sell points. This indicator aims to identify cyclical peaks in Bitcoin’s price, providing signals for potential market tops.
Credit to @NoCreditsLeft
NUPL (Net Unrealized Profit/Loss): Measures investors’ unrealized profit or loss to signal extreme market levels. This indicator shows the net profit or loss of Bitcoin holders as a percentage of the market cap, helping to identify periods of significant market optimism or pessimism.
Credit to @Da_Prof
PUELL Multiple: Assesses mining profitability relative to historical averages to indicate buying or selling opportunities. This indicator compares the daily issuance value of Bitcoin to its yearly average, providing insights into when the market is overbought or oversold based on miner behavior.
Credit to @Da_Prof
MRVR Z-Scores: Compares market value to realized value to identify overbought or oversold conditions. This metric helps gauge the overall market sentiment by comparing Bitcoin’s market value to its realized value, identifying potential reversal points.
Credit to @Pinnacle_Investor
Hash Ribbons: Uses hash rate variations to signal buying opportunities based on miner capitulation and recovery. This indicator tracks the health of the Bitcoin network by analyzing hash rate trends, helping to identify periods of miner capitulation and subsequent recoveries as potential buying opportunities.
Credit to @ROBO_Trading
## Indicator Visualization and Interpretation
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For each horizontal line representing an indicator, a legend is displayed on the right side of the chart. If the conditions are positive for an indicator, it will turn green, indicating the end of a bearish trend. Conversely, if the conditions are negative, the indicator will turn red, signaling the end of a bullish trend.
The background color of the chart changes based on the average of green or red indicators. This parameter is configurable, allowing adjustment of the threshold at which the background color changes, providing a clear visual indication of overall market conditions.
## Script Parameters
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The script includes several configurable parameters to customize the display and behavior of the indicators:
Color Style:
Normal: Default colors.
Modern: Modern color style.
Monochrome: Monochrome style.
User: User-customized colors.
Custom color settings for up trends (Up Trend Color), down trends (Down Trend Color), and NaN (NaN Color)
Background Color Thresholds:
Thresholds: Settings to define the thresholds for background color change.
Low/High Red Threshold: Low and high thresholds for bearish trends.
Low/High Green Threshold: Low and high thresholds for bullish trends.
Indicator Display:
Options to show or hide specific indicators such as EMA 10 Monthly, CVDD, Pi Cycle, M2 Money, NUPL, PUELL, MRVR Z-Scores, and Hash Ribbons.
Specific Indicator Settings:
EMA 10 Monthly: Options to customize the period for the exponential moving average calculation.
M2 Money: Aggregation of global money supply data.
CVDD: Adjustments for value normalization.
Pi Cycle: Settings for simple and exponential moving averages.
NUPL: Thresholds for unrealized profit/loss values.
PUELL: Adjustments for mining profitability multiples.
MRVR Z-Scores: Settings for overbought/oversold values.
Hash Ribbons: Options for hash rate moving averages and capitulation/recovery signals.
## Conclusion
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The “Bitcoin Macro Trend Map” by Ox_kali is a tool designed to analyze the Bitcoin market. By combining several macroeconomic indicators, this script helps identify market peaks and troughs. It is recommended to use it on timeframes from 1 day to 1 week for optimal trend analysis. The scripts used are sourced from open-source projects, modified to suit the specific needs of this analysis.
## Notes
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This is the first version of the script and it is still in development. More indicators will likely be added in the future. Feedback and comments are welcome to improve this tool.
## Disclaimer:
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Please note that the Open Interest liquidation map is not a guarantee of future market performance and should be used in conjunction with proper risk management. Always ensure that you have a thorough understanding of the indicator’s methodology and its limitations before making any investment decisions. Additionally, past performance is not indicative of future results.
Liquidity Founder The Liquidity Swings indicator aids traders in detecting liquidity swings within the market, providing essential insights for making well-informed trading decisions. Key features include:
How this Indicator work - this indicator search pivot point that is used to determine the levels at which price may face support or resistance. The Pivot Points indicator consists of a pivot point (PP) level and several support (S) and resistance (R) levels. if input number of bar selected 3 than it will look back 3 candle and wait for next 3 candle to make pivot high and low after it identify pivot it draw a line and extend until it no longer intersects with the high or low prices
What is different in my indicator compared to a normal pivot point and what Makes This Indicator Original :
1) Swing High and Low Logic:It avoids marking consecutive pivot highs until a new pivot low is formed, reducing market noise and highlighting significant trend reversals.
2)Volume Integration: By incorporating volume data, the indicator ensures that pivot points are validated with sufficient market activity, enhancing their reliability as support and resistance levels.
3) Multi-Time Frame Analysis:The ability to input and analyze multiple time frames allows the indicator to draw strong support and resistance levels that are relevant across different trading periods, making it versatile for various trading strategies.
🟠 Liquidity Swings indicator
✅Visualization of Liquidity Zones:Accumulation Areas: Identifying regions where liquidity is gathering.liquidity Sweeps: Pinpointing areas where liquidity is being cleared.
✅Pivot and Volume Analysis:Price Pivots: Monitoring significant pivots in price.
Volume Correlation: Linking price pivots with volume to highlight zones of potential support and resistance.
✅Market Dynamics Understanding:Enables traders to visualize and understand market dynamics more effectively.Assists in pinpointing potential support and resistance levels based on liquidity swings.
⭐Example -EurUsd 1 minutes chart developed Potential Support and Resistance Zone
⭐⭐⭐Key Features:
1) Adjustable Time Frame: Allows traders to analyze different periods by modifying the time frame setting.
2) Swing Look back Period: Sets the period for identifying potential price swings, enhancing flexibility in analysis.
🟠 Understanding Strong Support :These are identified by dense clusters of green lines, indicating high concentrations of buy orders that have not yet been executed. These areas suggest strong buying interest which can potentially halt further price declines.
⭐ Example -below chart image BtcUsd 5 minutes 2 line are still not touched by price
⭐⭐⭐Reasons for Strong Support:
✅Untouched Liquidity Lines: These green lines represent pending buy orders, indicating robust buying interest at these levels.
✅Accumulation of Orders: Many buy orders are aggregated in these zones, capable of preventing further price drops when approached.
✅ Historical Performance: These areas have previously prevented price declines, establishing them as reliable support zones.
✅ Market Confidence: Close clustering of green lines signifies widespread trader belief in favorable buying conditions, reinforcing support strength.
🟠 Understanding Strong Resistance :Highlighted by dense clusters of red lines, denoting substantial sell orders that did not executed. These zones signify significant selling interest which can impede further price increases.
⭐ Example -below chart image Btcusd 3 minutes 3 line did touched by price previously .price touched that area and retraced because of unfilled liquidity
⭐⭐⭐ Reasons for Strong Support:
✅ Untouched Liquidity Lines: These green lines represent pending buy orders, indicating robust buying interest at these levels.
✅ Accumulation of Orders: Many buy orders are aggregated in these zones, capable of preventing further price drops when approached.
✅ Historical Performance: These areas have previously prevented price declines, establishing them as reliable support zones.
✅ Market Confidence: Close clustering of green lines signifies widespread trader belief in favorable buying conditions, reinforcing support strength.
⭐⭐⭐ Usage of the Liquidity Founder Indicator ⭐⭐⭐
👍 Identifying Liquidity Zones: Pinpoints areas with dense clusters of pending buy (green) or sell (red) orders, providing initial entry points where significant buying or selling interest is concentrated.
👍 Avoiding Market Traps: Helps traders steer clear of market fluctuations or false breakouts by focusing on stable liquidity zones.
How to Use this indicator for Maximum benefit -
1) When the price approaches a cluster of resistance levels, traders should look for a candle showing rejection (e.g., a bearish reversal candle) to enter a short trade.
2)When the price approaches a cluster of support levels, traders should look for a candle showing rejection (e.g., a bullish reversal candle) to enter a long trade.
3) The identified liquidity levels offer a clear understanding of significant support and resistance areas, helping traders make more informed trading decisions.
4) Fake breakouts above resistance or below support clusters. If the price breaks above resistance and then falls back below, it can be a signal to enter a short trade vice versa if price break support cluster and back again above support cluster it can be a long trade
Performance IndicatorsDescription:
The Performance Indicators tool provides traders with a comprehensive overview of both fundamental and technical performance metrics of a security. This dual approach helps traders make informed decisions by evaluating the security's intrinsic value as well as its market behavior.
Fundamental Performance Indicators:
EPS Year Over Year % Growth : Measures the percentage growth in earnings per share (EPS) compared to the same quarter in the previous year. This helps in understanding the company's profitability trends.
EPS 3 Quarters Year Over Year % Growth : Analyzes the percentage growth in EPS over the last three quarters compared to the same quarters in the previous year, providing insight into the company's recent earnings performance.
Sales Year Over Year % Growth : Tracks the percentage growth in sales compared to the same quarter in the previous year, offering a view of the company's revenue trends.
Sales 3 Quarters Year Over Year % Growth : Evaluates the percentage growth in sales over the last three quarters compared to the same quarters in the previous year, helping to assess the company's recent revenue performance.
Return On Equity (ROE) : Measures the company's profitability by comparing net income to shareholder equity. This indicates how effectively the company is using its equity base to generate profits.
Market Capitalization : Represents the total market value of the company's outstanding shares, providing a sense of the company's size and market presence.
Float Shares Outstanding : Refers to the number of shares available for trading by the public, excluding restricted shares. This metric helps in understanding the liquidity and volatility of the stock.
Technical Performance Indicators:
Average Daily Range (ADR) %: Calculates the average range between the high and low prices over a specific period, expressed as a percentage. This helps in understanding the stock's daily volatility.
Average True Range (ATR) $ : Measures market volatility by calculating the average range between the high and low prices, taking into account any gaps in the price. It is expressed in dollar terms.
% Off 52-Week High : Indicates how far the current price is from the highest price achieved over the last 52 weeks, helping to assess the stock's current performance relative to its yearly peak.
Relative Price Strength (RPS) : Compares the stock's price performance to a benchmark index, helping to identify how the stock is performing relative to the broader market.
How it Works:
The fundamental performance indicators provide insights into the company's financial health and growth trends by analyzing key metrics such as EPS, sales growth, ROE, market capitalization, and float shares outstanding.
The technical performance indicators offer a view of the stock's market behavior and volatility through metrics like ADR, ATR, % off 52-week high, and RPS.
By combining these fundamental and technical metrics, traders can gain a well-rounded perspective on the security's overall performance.
How to Use:
Add the Performance Indicators tool to your chart.
Evaluate the fundamental indicators to assess the company's financial health and growth trends.
Analyze the technical indicators to understand the stock's market behavior and volatility.
Use the combined insights from both fundamental and technical indicators to make informed trading decisions.
This tool is particularly useful for traders who want to integrate both fundamental analysis and technical analysis into their trading strategy, providing a holistic view of a security's performance.
Support and Resistance Breakouts By RICHIESupport and resistance are fundamental concepts in technical analysis used to identify price levels on charts that act as barriers, preventing the price of an asset from getting pushed in a certain direction. Here’s a detailed description of each and how breakout strategies are typically used:
Support
Support is a price level where a downtrend can be expected to pause due to a concentration of demand. As the price of an asset drops, it hits a level where buyers tend to step in, causing the price to rebound.
Support Level Identification: Support levels are identified by looking at historical data where prices have repeatedly fallen to a certain level but have then rebounded.
Strength of Support: The more times an asset price hits a support level without breaking below it, the stronger that support level is considered to be.
Resistance
Resistance is a price level where an uptrend can be expected to pause due to a concentration of selling interest. As the price of an asset increases, it hits a level where sellers tend to step in, causing the price to drop.
Resistance Level Identification: Resistance levels are identified by looking at historical data where prices have repeatedly risen to a certain level but have then fallen back.
Strength of Resistance: The more times an asset price hits a resistance level without breaking above it, the stronger that resistance level is considered to be.
Breakouts
A breakout occurs when the price moves above a resistance level or below a support level with increased volume. Breakouts can be significant because they suggest a change in supply and demand dynamics, often leading to strong price movements.
Breakout Above Resistance: Indicates a bullish market sentiment. Traders often interpret this as a sign to enter a long position (buy).
Breakout Below Support: Indicates a bearish market sentiment. Traders often interpret this as a sign to enter a short position (sell).
Breakout Trading Strategies
Confirmation: Wait for a candle to close beyond the support or resistance level to confirm the breakout.
Volume: Increased volume on a breakout adds credibility, suggesting that the price move is supported by strong buying or selling interest.
Retest: Sometimes, after a breakout, the price will return to the breakout level to test it as a new support or resistance. This retest offers another entry point.
Stop-Loss: Place stop-loss orders just below the resistance (for long positions) or above the support (for short positions) to limit potential losses in case of a false breakout.
Take-Profit: Identify target levels for taking profits. These can be set based on previous support/resistance levels or using tools like Fibonacci retracements.
Turbo Oscillator [RunRox]Introducing Turbo Oscillator by RunRox, our new indicator that combines a multitude of useful and unique features, which we will detail in this post.
List of Advanced Technologies:
Real-Time Divergences: Detects discrepancies between price movements and oscillator indicators to forecast potential price reversals.
Real-Time Hidden Divergences: We identify hidden divergences in real-time. These are not the standard type of divergences; they are opposite to regular divergences, providing unique insights into potential market movements.
Overbought and Oversold Zones: Identifies areas where the market is potentially overextended, suggesting possible entry and exit points.
Signal Line: Indicates the market direction, helping traders to quickly understand current trends.
Money Flow Histogram: Shows the flow of money into and out of the market, providing insights into buying and selling pressure.
Predicted Reversal Zones: Pinpoints areas where the market might experience reversals, aiding in strategic planning and risk management. These zones also serve as potential areas for taking profits, enhancing their utility for exit strategy planning.
Customizable Alerts: You can flexibly set up alerts for any events detected by our indicator, ensuring you stay informed about critical market movements.
To begin with, I would like to describe the difference between classic divergences and hidden divergences.
As you can see, these are opposite situations. Our oscillator identifies both types of divergences and displays them in real-time.
Divergences can serve as points where the price might reverse in the opposite direction, making both classic and hidden divergences powerful tools for spotting reversal points. I'll show a few examples of how divergences are used in our oscillator.
Classic Divergences - which we identify in real-time. As you can see, the price often reacts strongly to the formation of these divergences, frequently changing its direction.
Hidden Divergences - we also observe frequent movement in the opposite direction on the chart. The advantage of our indicator is that we show divergences in real-time without delays, allowing you to react immediately to trend changes.
Overbought and Oversold Zones - These zones allow you to see trend changes when the price is clearly overbought or oversold. When the color changes from a contrasting shade to a neutral one, you can observe the trend shift. The lines work by combining the positivity/negativity of the histogram, the positivity/negativity of the signal line, and the direction of the signal line (red/green). This sophisticated interaction provides precise insights into market conditions, making it an invaluable tool for traders.
Signal Line - This provides insights into trend changes and price reversals. The points on the line better indicate the beginning of a trend shift. These points can vary in size, offering a clearer understanding of the strength of the emerging trend. This feature works in combination with RSI, Stochastic, and MFI. RSI and MFI are top-tier indicators, while Stochastic adds responsiveness and sensitivity to trend changes, ensuring you capture every market movement accurately and promptly.
Money Flow Histogram - As shown in the example, our histogram displays the divergence between money flow and the actual price. You can see that while the price is rising, the money flow is decreasing, indicating insufficient demand for the asset and an imminent trend change. This feature uses MFI with an extended period, providing a more comprehensive and accurate analysis of market conditions. The extended period enhances the reliability of the Money Flow Index, making it an essential tool for identifying subtle shifts in market dynamics.
Predicted Reversal Zones - We automatically identify potential price reversal zones and display them above our overbought and oversold zones. In cases of strong overbought or oversold conditions, we detect potential price pullbacks and mark the beginning of a trend change. This helps you better identify trend shifts. We recommend considering these zones as potential take profit points for your trades.
Customizable Alerts - Our flexible alert system allows you to receive notifications only for the events you are interested in. These can include:
1. Classic Divergences
2. Hidden Divergences
3. Overbought or Oversold conditions on the status line
4. Strong Overbought or Oversold conditions on the status line
5. Signals from the signal line
6. Reversal zones in any direction
Our oscillator is a unique indicator that provides a comprehensive understanding of price movements. It can be used as a standalone tool for analyzing price action.
Here are a few examples of using our Oscillator in practice:
In the example above, you can see three conditions that have formed for a potential trade:
1. Clear overbought condition with a formed reversal point.
2. Decreasing Money Flow Index diverging from the rising price.
3. Formed classic divergence.
The entry point could be the formed divergence, while the exit point could be the overbought condition at the bottom of the oscillator along with the reversal points.
Here's another example of using hidden divergence, where you can see three conditions for a potential trade:
1. Overbought zone
2. Formed hidden divergence
3. Start of bearish movement indicated by the signal line
You can enter the trade either when the hidden divergence forms or wait for confirmation of the trend change by the signal line and enter the trade when the corresponding signal forms on the signal line. The exit point could be the opposite reversal point or the formation of a new hidden divergence.
We have demonstrated a few examples of how you can use our indicator, but we are confident that you will find many more applications in your own strategies.
Oscillator offers a variety of customizable parameters to tailor the indicator to your trading preferences. Here’s what our settings include:
Signal Line
Turn On/Off: Enable or disable the signal line.
Length: Set the length period for the signal line calculation.
Smooth: Adjust the smoothing level of the signal line for more accurate display.
Histogram
Turn On/Off: Enable or disable the histogram.
Length: Set the length period for the histogram calculation.
Smooth: Adjust the smoothing level of the histogram.
Other
Show Divergence Line: Display divergence lines on the chart.
Show Hidden Divergence: Display hidden divergences.
Show Status Line: Show the status line indicating overbought or oversold conditions.
Show TP Signal: Display signals for take profit.
Show Reversal Points: Display potential trend reversal points.
Delete Broken Divergence Lines: Remove broken divergence lines from the chart.
Alerts Customization
Signal Line Bull/Bear: Set alerts for bullish or bearish signals from the signal line.
TP Bull/Bear: Set alerts for take profit signals.
Status Bull/Bear: Set alerts for bullish or bearish status conditions.
Status Bull+/Bear+: Set enhanced alerts for stronger bullish or bearish status conditions.
Divergence Bull/Bear: Set alerts for bullish or bearish divergences.
Hidden Divergence Bull/Bear: Set alerts for hidden bullish or bearish divergences.
With these comprehensive settings, you can fine-tune the Oscillator to perfectly fit your trading strategy and preferences.
Our indicator utilizes technologies such as RSI, Stochastic, and Money Flow Index, with numerous enhancements from our team. It includes exclusive features such as real-time detection of hidden and classic divergences, identification of reversal points using our unique methodology, and much more.
Disclaimer:
While we consider our Turbo Oscillator to be an excellent tool, it is important to understand that past performance is not indicative of future results. We recommend approaching market analysis comprehensively, using a combination of tools and techniques to make well-informed trading decisions. Always consider the full range of market data and risks when using any trading indicator.
Buffett Quality Score [Energy]The Buffett Quality Score for the Energy sector is designed to meticulously evaluate the financial health and quality of companies operating within this dynamic industry. Each selected financial ratio is specifically chosen based on its relevance and significance within the Energy sector context.
Selected Financial Ratios and Criteria:
1. Return on Assets (ROA) > 5%
Relevance: In the Energy sector, where asset-intensive operations are common (e.g., oil exploration and infrastructure), a robust ROA above 5% indicates efficient asset utilization, crucial for profitability.
2. Debt to Equity Ratio < 1.0
Relevance: Energy companies often require substantial capital for projects and operations. A low Debt to Equity Ratio (<1.0) suggests prudent financial management with less reliance on debt financing, vital in a capital-intensive industry vulnerable to economic cycles.
3.Interest Coverage Ratio > 3.0
Relevance: Given the capital-intensive nature of Energy projects, maintaining a healthy Interest Coverage Ratio (>3.0) ensures the company's ability to service debt obligations, particularly important during periods of economic volatility affecting commodity prices.
4. Gross Margin % > 25%
Relevance: Energy companies face varying production costs and pricing pressures. A Gross Margin exceeding 25% reflects efficient cost management and pricing power, critical in mitigating volatility in commodity prices.
5. Current Ratio > 1.5
Relevance: Energy projects often require substantial working capital. A Current Ratio > 1.5 indicates sufficient liquidity to cover short-term obligations, essential for operational continuity in an industry susceptible to market fluctuations.
6. EBITDA Margin % > 15%
Relevance: Energy companies must manage operating costs effectively. An EBITDA Margin > 15% signifies strong operational efficiency and profitability, crucial for sustaining growth amidst market uncertainties.
7. Altman Z-Score > 2.0
Relevance: The Energy sector experiences cyclical downturns and price volatility. An Altman Z-Score > 2.0 indicates financial stability and resilience, vital for weathering industry-specific challenges.
8. EPS Basic One-Year Growth % > 5%
Relevance: Energy companies' earnings growth is closely tied to commodity prices and market demand. EPS growth > 5% indicates positive momentum and adaptability to industry shifts.
9. Revenue One-Year Growth % > 5%
Relevance: Energy companies operate in a dynamic market influenced by geopolitical factors and global demand. Revenue growth > 5% reflects market adaptability and expansion potential.
10. Piotroski F-Score > 6
Relevance: Fundamental strength is paramount in the Energy sector, characterized by capital-intensive projects. A Piotroski F-Score > 6 highlights solid operational and financial performance, critical for long-term sustainability.
Score Interpretation:
0-4 Points: Indicates potential weaknesses across critical financial areas, necessitating closer scrutiny.
5 Points: Suggests average performance based on industry-specific criteria.
6-10 Points: Signifies strong overall financial health and quality, aligning with the demanding requirements of the Energy sector.
Development and Context:
The selection and weighting of these specific financial metrics underwent rigorous industry-specific research to ensure their applicability and reliability within the unique operational environment of the Energy sector. This scoring framework aims to provide actionable insights for stakeholders navigating the complexities of Energy industry investments and operations.
Disclaimer: This information serves as an educational resource on financial evaluation methodology tailored for the Energy sector. It does not constitute financial advice or a guarantee of future performance. Consult qualified professionals for personalized financial guidance based on your specific circumstances and investment objectives.
LumleyTrading GapsName: LumleyTrading Gaps
Description:
The Gap Tracker Indicator is a powerful tool designed for traders to identify, monitor, and capitalize on price gaps in financial markets. It serves two primary functions:
Identifying Gaps: The indicator scans price action to detect instances where the current trading session's opening price significantly differs from the previous session's closing price. These disparities indicate the presence of price gaps.
Tracking Gap Fills: Once a gap is identified, the indicator continues to monitor the price movement. It dynamically adjusts its parameters to track whether and when the price retraces back to fill the gap. As soon as the gap is filled, the indicator generates a signal to notify traders of this occurrence.
Key Features:
Customizable Parameters: Traders can adjust the sensitivity and criteria for what constitutes a significant gap based on their trading preferences and the market conditions.
Visual Alerts: The indicator provides clear visual signals on price charts, highlighting the presence of gaps and indicating when they are filled. This helps traders to easily spot trading opportunities and make informed decisions.
Alert Notifications: In addition to visual cues, traders can opt to receive real-time alerts via email, SMS, or within their trading platform, ensuring they never miss an opportunity or a filled gap.
Historical Analysis: The indicator may also offer historical gap data, allowing traders to conduct backtesting and analyze the performance of trading strategies based on gap patterns.
Benefits:
Gap Trading Opportunities: Traders can use the indicator to identify potential areas of price continuation or reversal, leveraging the phenomenon of gap trading for profit.
Risk Management: By tracking gap fills, traders can manage their risk more effectively, knowing when a gap is likely to act as support or resistance and adjusting their positions accordingly.
Enhanced Decision Making: With real-time gap detection and fill tracking, traders gain valuable insights into market sentiment and price dynamics, empowering them to make timely and informed trading decisions.
Compatibility:
The Gap Tracker Indicator is compatible with popular trading platforms and can be seamlessly integrated into various technical analysis tools and strategies.
Conclusion:
In the fast-paced world of financial markets, identifying and understanding price gaps is crucial for successful trading. The Gap Tracker Indicator provides traders with a reliable tool to spot, track, and capitalize on gap opportunities, enhancing their trading efficiency and profitability.
Futures Auto Levels [NariCapitalTrading]Futures Auto Levels Indicator
Introduction
The "Futures Auto Levels" (FAL) indicator shows the previous day's levels, weekly open, high, low, and the Initial Balance Range (IBR).
Indicator Components
The FAL indicator comprises the following components:
Previous Day's Levels: These include the open, high, low, and close of the previous trading day. They are represented on the chart by lines and labels, helping to identify significant price levels from the prior session.
Weekly Open, High, Low: These levels represent the open, high, and low prices of the current trading week.
Initial Balance Range (IBR): The IBR is calculated based on the price range during the first 60 minutes of the trading day. It helps identify initial trading range and potential breakout levels.
How to Use the Indicator
1. Previous Day's Levels:
Monitor the previous day's open, high, low, and close to identify key support and resistance levels.
Use these levels to gauge market sentiment and potential price reversals.
2. Weekly Open, High, Low:
Pay attention to the weekly open, high, and low to understand the market's behavior within the weekly timeframe.
These levels can act as reference points for setting profit targets and stop-loss orders.
3. Initial Balance Range (IBR):
Watch for price movements within the IBR to identify potential trading opportunities.
Breakouts above or below the IBR may signal the beginning of a new trend or continuation of the current trend.
Suggested/Potential Strategies
Reversal Trading: Look for price reversals around previous day's levels, especially when they coincide with other technical indicators or significant support/resistance zones.
Trend Following: Follow the trend by trading breakouts above/below the IBR or weekly high/low levels. Use trailing stops to capture profits while the trend remains intact.
Range Trading: Trade within the IBR when the market is consolidating. Buy near the IBR low and sell near the IBR high, with tight stop-loss orders to manage risk.
Conclusion
The Futures Auto Levels indicator is designed to help incorporate levels into trading analysis and trading strategies to improve profitability and consistency.
BlackPika Supertrend Public v2Hello Reader!
What is Supertrend indicator ?
The Supertrend Indicator is a popular technical analysis tool designed to assist traders in identifying market trends.
The indicator combines the average true range (ATR) with a multiplier to calculate its value. This value is then added to or subtracted from the asset’s closing price to plot the supertrend line.
The Supertrend Indicator can help identify trends, manage risk, and confirm market tendencies.
The indicator is limited by its lagging nature, is not very flexible, and can send up false signals.
The Supertrend Indicator has become a staple for traders in stocks, currencies, and commodities for its ability to identify and follow market trends.
About this script:
This script is based on the SuperTrend. There are some extra things added to make it able to use more efficiently. They are listed below:
1. Pullback signals: These signals indicate a pull back after a trend reversal and are the most optimum places where you can add to your existing position. They also come with Alerts !
2. Trailing Stop Loss and Take Profit: These further help to reduce the draw-down and can help you to trail profits with more granularity thus securing gains. This are using RSI levels. RSI levels above 70 will indicate a partial take profit when long and RSI levels below 25 will indicate a take profit level when short.
How to use ?
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Personally I use it on major pairs on cryptocurrencies like BTCUSD . Usually after the trend flips, there will be pullbacks, You can enter a part of the position when trend reversal is confirmed. (LONG signal)
Then add more when you get a pullback (PB_LONG signal).
To make life simpler, alerts are added for pullback signals as well. These can help acheive good entry price. Entering at pullback signals limits your losses to a great extent, as the trend will flip on the bar close if it goes against you.
You can trade manually or you can automate. All the signals have been provided with Alerts. some signals have been grouped, to reduce the number of the alerts if you wish to.
I wish you all the luck and please comment and Like if you have any doubts.