Consolidation & Head and Shoulders ScannerHello Traders!
The Consolidation & Head and Shoulders Scanner utilizes a unique swing-based pattern recognition to pinpoint consolidation and (inverse) head and shoulders patterns in real-time with unparalleled precision.
The rectangle pattern, also known as a trading range or a consolidation pattern, is characterized by horizontal lines that act as support and resistance levels, creating a rectangular shape.
The head and shoulders chart pattern is a technical analysis pattern used to identify potential trend reversals in financial markets. It consists of three swing highs (peaks), with the middle peak being the highest and the two outside swing highs being slightly lower. The middle peak is referred to as the "head" and the two outside peaks are referred to as the "shoulders."
The pattern typically forms after an uptrend and is in most cases a bearish signal. The neckline is a support level that connects the lows of the two shoulders. Once the price breaks below the neckline, the pattern is confirmed, and a new down trend starts. Conversely, an "inverse head and shoulders" pattern forms after a downtrend and is a bullish signal.
The Consolidation & Head and Shoulders Scanner is designed to operate in a fully automated manner, detecting consolidation patterns, head and shoulders patterns and inverse head and shoulders patterns across the symbol and timeframe that you select. It grants you the ability to simultaneously scan for patterns across as many as 20 distinct symbols.
Feature List
Real-time consolidation and (inverse) head and shoulders pattern detection
Breakout alerts
Customizable pattern size and accuracy
Customizable look and feel
The value of this indicator is to support traders to easily identify consolidations and (inverse) head and shoulders patterns in an automated way and across many different markets at the same time. The special swing-based pattern recognition makes this indicator unique. The trader saves a lot of time scanning the markets for consolidation and head and shoulders patterns, since finding the pattern and alerting for a breakout is done automatically for the trader.
For a visualization of the detected patterns, you can add the TRN Consolidation and Range Pattern and the TRN Head and Shoulders Pattern indicators to your chart.
How does Consolidation & Head and Shoulders Scanner work?
On the right side of the chart, you can find a table displaying the symbols monitored by our scanner for pattern and breakout detection (first column). The table provides information on the status of each symbol.
ACTIVE – Pattern building up
UP – Upside Breakout
DN – Downside Breakout
UP CONF – Upside Breakout confirmed
DN CONF – Downside Breakout confirmed
FAILED – Pattern failed to get confirmed
This visual representation allows you to quickly identify the evolving pattern dynamics across different symbols, helping you stay informed and make timely trading decisions.
In the second and fifth column, the status of consolidation patterns with two different consolidation sizes gets displayed. In the third and fourth column, the status of detected long and short head and shoulders patterns is displayed. The same goes for column seven and eight but with a different head and shoulders size which is customizable in the settings.
The scanner operates specifically on the timeframe you have selected in TradingView, ensuring that the detected patterns and breakouts align precisely with your trading perspective. F If the scanner displays a pattern or a breakout, you just can switch to this instrument and start trading it if you like what you see.
Follow these instructions to discover how you can utilize the scanner for seamless and simplified chart pattern detection like never before:
Add Symbols
Go to indicator settings and scroll down to the "Symbols" section. The enabled symbols can be recognized by the check marks. Click on one of them and use the search function to add the symbol of your choice to the scanner. You can search for up to 20 different Symbols at the same time.
Use Alerts (optional but recommended)
You can also use the built-in alerts to easily get notified when a pattern occurs. In the indicator settings in the "Alerts" section you can choose whether you want to get notified when a pattern is
in the making (Pattern active),
confirms an up breakout (B/O Up Confirmed)
confirms a down breakout (B/O Down Confirmed)
(Unconfirmed) in case a pattern breakout occurs, even if the pattern is not yet confirmed
This allows you to stay informed about potential breakout opportunities that are still awaiting confirmation.
Customization and Settings
The indicator can scan for smaller and larger patterns at the same time. Adjust the consolidation and head and shoulders sizes in the indicator settings to align them with your preferences. A larger size results in larger patterns. Depending on the asset class, the market or the market phase, different sizes can be used for pattern detection.
To detect more patterns, increase the tolerance level, even though it may result in lower accuracy. However, be mindful that a higher tolerance level may result in more patterns hitting their stop-loss.
Risk Disclaimer
The content, tools, scripts, articles, and educational resources offered by TRN Trading are intended solely for informational and educational purposes. Remember, past performance does not ensure future outcomes.
Komut dosyalarını "range" için ara
Market Structure (Range) & Internal Liquidity
This indicator will simplify the price-action reading of any trader/investor by decluttering his/her charts from un-important & confusing candles to highlight the true momentum candles which are usually formed by institutional buying/selling .
The indicator will be a good tool in the arsenal of the following styles of Trading/Investing
Smart Money / Liquidity Concepts
Price Action Concepts
Demand & Supply Concepts
Support & Resistance Concepts
UNIQUE FEATURES:
1. Market Structure - Range & Internal Liquidity:
Unlike other liquidity indicators, this indicator only highlights liquidity levels of significant importance. Not every intermediate high & low in a chart are worthy of noticing, hence by enabling the 'Swings' & 'Range (BoS)' feature in the indicator settings, the structure highs and lows (external liquidity) in a chart can be identified.
Any other liquidity levels within a market range (Range between structural High & Low) is known as internal liquidity which price targets to collect enough orders before heading towards the external liquidity levels.
2. Gaps (Fair Value Gaps / Imbalance):
Not every imbalance / gap between candles are important & trade-worthy. This feature of the indicator is different from the other widely available imbalance indicators & only highlights gaps formed by true momentum candles. Gaps between unimportant inside bars are not highlighted, as these bars occur in the absence of momentum.
3. True Price Action:
Looking at the two charts below, we can clearly observe the difference between price action of a confusing normal chart & the simplified price action highlighted by the indicator. This feature declutters the charts by only highlighting the candles a trader / investor should notice in a chart.
This feature when used in confluence with the liquidity levels feature & gap feature of the indicator, helps identify the true demand & supply zones (order blocks) in a chart.
Before
After
4. Zig Zag Lines:
This unique feature which is useful to Identify & Backtest different entry types taught by Smart Money Traders . This feature helps the trader understand the True Fractal Nature of price. This can also be seen as an alternate to the default line chart feature.
Examples of Entry Types taken by Smart Money Traders
ADDITIONAL FEATURES:
(These features are essential addons to trade liquidity. However, these are derived from publicly available indicators from the Tradingview library, but with a different interpretation for a better visualization of charts & or to time better trade entries without cluttering the charts)
a. Inside Bar & Outside Bars:
Identify not just a single Inside Bar as highlighted by other indicators, but to highlight a series of candles which are within a master candle range and are exhibiting unimportant sideways price action.
Outside Bars only relevant to momentum candles are highlighted, ignoring candles that occur within a master candle range. Highs & Lows of such Outside Bars are used by aggressive traders to identify liquidity levels in the charts.
b. Highs & Lows of previous Monthly / Weekly / Daily & Hourly Candles:
This feature draws Highs & Lows of previous Monthly / Weekly / Daily & Hourly Candles on the extreme right hand side of the chart to keep the charts clean.
Additionally for Hourly time frame, the indicator includes a setting to select the hourly candle time frame (60 min / 75 min / 240 min), which are personal and different for each trader.
UNDERLYING CONCEPT:
In the image below we see how a large majority of Traders / Investors incorrectly mark Structure markings, mistaking a raid of internal liquidity as a Break of Structure, thereby taking trades opposite to the broader trend of the markets
However, this indicator has a higher accuracy of identifying the correct price structure by only marking a structure high or low, when a subsequently opposite side liquidity is taken/raided. Further the broader trend of the markets can be easily identified by looking as to which side the Break of Structure has happened. (This is visible in the indicator in the form of 'Range' feature, so if a Range High is broken then it is understood to be in an uptrend & vice versa)
The underlying core functionality of the indicator is best displayed by the image below
USECASE OF THE INDICATOR:
Before taking any Buying/Selling position in the markets, a Trader / Investor must analyze the price action on the following parameters
HTF & LTF Trend Identification (To judge if trade is Pro-Trend or Counter-Trend)
Is Price at a High Probability Area of Interest?
Is Price satisfying the trade entry conditions?
Let us see how this indicator can be used as a complete trading system in itself and addresses each of the above parameters
Disclaimer: Illustrations shown below are just for understanding the features of the indicator & does not guarantee profitability. Every trader must back test their setups to arrive at a setup with an edge (positive expectancy) before they start actively trading the setup.
1. HTF & LTF Trend Identification (Pro-Trend / Counter-Trend) using 'Range (BoS)' feature of the indicator
Let's assume a Day Trader, uses hourly chart (75 min) to frame his Higher Time Frame (HTF) ideas & 15min charts (LTF) for trade entries
Looking at the chart below the Trader concludes that the HTF has most recently broken the structure to the downside and is considered Bearish till price action is below the range high of 48600 levels. It can also be concluded that the price is currently in a Bullish retracement.
The Trader can choose to take both Pro-Trend or Counter-Trend Trades, timing the trade entries using the LTF charts.
Looking at the LTF chart below, it is evident that price on LTF has also broken structure to the downside and is now aligned with the HTF Bearish Trend. The Trader will now look to get into short trades, to take trades both in line with HTF & LTF trend.
2. Let's identify if Price is at a High Probability Area of Interest, using either single or combination of the 'Swings' / 'Gaps' / 'Outside Bars' / 'HL of previous M,W,D, H candles' features of the indicator
Definition of High Probability Level / Area differs from each Traders perspective depending upon which of the Trading Styles (mentioned in the beginning) does one use.
Smart Money Traders
SMC Traders are known to get into trades early and their high R:R trades are taken mostly at a High Probability Area of Interest which are identified by them on HTF, by looking for candles with imbalance (gaps) & or candles which have taken out a previous liquidity and then having creating imbalance (gaps).
Also Turtle Soups is one of the favorite setups for SMC traders, where a trader enters a trade on LTF (typically 1 min/3min & 5min) after grabbing HTF liquidity lying at H/L of outside bar / previous monthly, weekly, daily or hourly candles.
Demand & Supply Traders
Some of the Best Demand & Supply Traders have the patience to wait for trades and take trades at the extreme Demand & Supply Zones within a market Range.
As illustrated below, the extreme hourly supply zone just below the structure high, which has the confluence of imbalance and Bearish HTF confirmation resulted in a good R:R trade.
Price Action Traders & Support & Resistance Traders
From the illustration below we can see how the 15 min Range breakdown confirms the breakdown of the Inverted Cup Pattern for Price Action Traders & Support & Resistance Traders using the same area of breakdown as the new Resistance to enter Short trades
3. Let's identify if Price is satisfying the Trade Entry Conditions using the 'Zig-Zag Lines' feature
Statistics say that majority (> 80%) of Traders blow up their accounts multiple times or completely give up and never achieve profitability.
One of the primary reasons for this is Traders punching trades randomly and without having proper Setup or rules for entering Trades.
Also in order to arrive at rules or execute the different entry models (couple of examples highlighted earlier) taught by different Trainers, a Trader needs to learn to visualize charts in a similar format to what the trainers are teaching.
The Zig-Zag lines feature is a form of line chart that joins the swing high points to the swing low points on the chart to represent the True Price action & a proper fractal nature of the markets, unlike the line chart which is formed by only by joining the closing value of each candle.
From the image below we can see that the Zig-Zag lines feature eliminates the randomness visible in the line chart and is a more smoother chart. Using this feature one can back test the various entry models widely available on the internet or arrive at a user specific model which he/she is comfortable with.
CONCLUSION:
Trading with a deeper understanding of Price Action allows a Trader/Investor to enter or exit trades with ease. Price Action trading allows individuals to keep their charts clean and stay away from the other lagging technical indicators and enter trades much earlier than other technical indicators.
This indicator attempts in simplifying the understanding of price action for every one and identify potential high probability areas / levels where one should enter / exit trades.
This indicator will be an important tool in the arsenal of any Trader / Investor to take better informed trades, however it does not guarantee profitability of a Trader, due to the randomness of the markets & external factors that influence each trader.
GET ACCESS:
Refer Author's instructions below to get access to the indicator
Fibonacci internal Break of Range PinescriptlabsThe uniqueness of this script lies in the synergy and dynamic interaction resulting from the advanced combination of key elements of technical analysis in the way it strategically merges Fibonacci Levels with the Linear Regression Channel and the internal price structure, creating a highly synergistic market analysis system.
The Linear Regression Channel, drawn from price regression and its standard deviation over a defined number of bars, offers a graphical representation of the prevailing market trend. The combination of this channel with Fibonacci Levels is deliberate and critical: the levels serve as additional filters to validate range breakouts within the channel, and vice versa, channel breakouts enhance the importance of Fibonacci levels by adjusting to the market context, represented by the specific length and displacement within the chart.
Fibonacci levels are updated with each new bar, and the detection of Break of Range (BoR) is integrated with the Fibonacci level plot to highlight significant breakout points. A unique aspect of this script is the way breakouts are identified not only by the price crossing certain Fibonacci levels but also by volume context and candlestick patterns, such as Engulfing patterns, which signal potential changes in market trends.
This interaction between the Linear Regression Channel and Fibonacci Levels, for example, a bullish price breakout above the upper channel boundary simultaneously crossing a significant Fibonacci level, suggests not only a possible continuation of the uptrend but also a strong support level established. Similarly, a bearish price breakout below the lower channel boundary, coinciding with a Fibonacci level, may signal a trend reversal confirmation and a new resistance level.
This script delves further into signal convergence, where the interaction between Break of Range and Fibonacci levels marks bullish and bearish breakouts, respectively, and when these signals coincide with breakouts of any Fibonacci level, they provide cross-confirmation that increases confidence in the generated signal. "BoR+Fib🔼" and "BoR+Fib🔽."
Additionally, the script introduces an innovative implementation of the Linear Regression Channel, which uses a customizable period and standard deviation to plot upper and lower trendlines. This approach allows traders to anticipate potential re-entry points after a breakout, as prices often retest the channel edges, providing low and high entry confirmation opportunities.
A differentiating technical aspect is the conditional logic implemented for bullish and bearish trend signal confirmation. For example, the script calibrates signals based on the intersection of price action with critical Fibonacci levels and confirmed candlestick patterns, enhancing signal reliability compared to using these indicators in isolation.
Key Features:
1. Dynamic calculation of Fibonacci levels.
2. Detection of internal price range breakouts (Break of Range).
3. Linear Regression Channel.
4. Detection of candlestick patterns (Engulfing Patterns).
Dynamic Fibonacci Level Calculation and Internal Range Breakout Detection (Break of Range):
The fusion of Fibonacci levels with the detection of internal range breakouts is crucial because it allows for precise identification of market turning points. Fibonacci levels act as initial filters, indicating potential support and resistance zones. When the price crosses a key Fibonacci level, especially in conjunction with an internal range breakout, the resulting signal is stronger and more reliable. This confluence significantly increases the probability of sustainable price movement.
Broken:
Function: The code identifies breakouts when the price crosses a key Fibonacci level (0%, 100%). A breakout is significant if the price crosses and holds beyond these levels.
Interaction: Breakouts validate Fibonacci levels. For example, a breakout above the 0% Fibonacci level can confirm an uptrend.
Structure Change:
Function: In the code, Structure Change can be interpreted through the detection of pivot patterns and price structure change signals, which we identify as Break of Range.
Interaction: This component acts as confirmation for range breakouts and Fibonacci levels. For example, if a range breakout is followed by a change in price structure (such as the formation of a new higher high), it strengthens the validity of the range breakout signal.
"BoR+Fib🔽": Indicates a bearish range breakout that has also crossed a Fibonacci level downward. This can be interpreted as a sell signal or a bearish trend indication.
"BoR+Fib🔼": Represents a bullish range breakout that has also crossed a Fibonacci level upward. It can be interpreted as a buy signal or a bullish trend indication.
Linear Regression Channel:
Function: The Linear Regression Channel is calculated and drawn using a defined number of bars to establish the overall market trend. Calculations involve summing and averaging closing prices and their products with the time index to calculate the regression line and its standard deviation. The script uses this channel to contextualize Fibonacci signals and range breakouts, with breakouts occurring in the direction of the channel's trend.
Interaction: Provides context to Fibonacci signals and range breakouts. For example, if a range breakout occurs in the same direction as indicated by the Linear Regression Channel, this adds credibility to the signal.
Integration Benefit: The Linear Regression Channel provides an overall trend context. When a range breakout signal and a Fibonacci level coincide within the direction indicated by the channel, the signal's validity is strengthened.
Signal Convergence: An ideal scenario occurs when all elements converge. For example, a good entry point could be when the price experiences a range breakout from a significant Fibonacci level, there is a change in price structure in the same direction, and all of this aligns with the trend indicated by the Linear Regression Channel.
Dynamic Volatility Visualization: Adjusts the width of the Linear Regression Channel based on market volatility.
Validation and Entry Confirmation after Linear Regression Channel Breakout:
Breakout Validation: The Linear Regression Channel breakout is validated not only by price crossing but also by an increase in volume, suggesting a significant breakout rather than a temporary fluctuation.
Entry Confirmation ('Low and High Entry Confirmation'):
Confirmation Bars: A specific number of bars (configurable entry) closing outside the channel are required to confirm an entry. This reduces the risk of false signals.
Channel Re-Test: After the breakout, the price often retests the channel's edge. An entry is confirmed if the price bounces from this area, validating the initial breakout.
Auxiliary Indicators: Oscillators or momentum indicators are used to confirm trend strength after the breakout.
Candlestick Pattern Detection (Engulfing Patterns):
Engulfing Pattern Identification: bullishEngulfing is activated in a bullish pattern with a previous bearish trend and a specific bullish candle. bearishEngulfing is activated in a bearish pattern with a previous bullish trend and a specific bearish candle.
Special Trend Signals:
Bullish signals are displayed as blue circles with "⬆️," while bearish signals are displayed as red circles with "⬇️."
Bullish Signals: Indicate that the price has crossed above certain Fibonacci levels, and the current trend is considered bullish, as the most recent closing price is higher than the closing price of a specific bar in the past.
Bearish Signals: Indicate that the price has crossed below certain Fibonacci levels, and the current trend is considered bearish, as the most recent closing price is lower than the closing price of a specific bar in the past.
Integration with 3Commas for Automation:
Signal Automation: The ability to integrate with platforms like 3Commas allows for the automatic execution of
strategies based on the script's signals, where a bot could execute trades based on the chart-generated signals, facilitating more efficient trading, reducing reaction time, and as an automated script, we only need to input our short Bot Id or our Long Bot ID into the previously loaded message alert.
Español:
La singularidad de este script radica en la sinergia y la interacción dinámica que resulta de la combinación avanzada de elementos clave del análisis técnico en la forma en que fusiona estratégicamente los Niveles de Fibonacci con el Canal de Regresión Lineal y la estructura interna del precio creando un sistema de análisis de mercado altamente sinérgico.
El Canal de Regresión Lineal, dibujado a partir de la regresión de precios y su desviación estándar sobre un número definido de barras, ofrece una representación gráfica de la tendencia predominante del mercado. La combinación de este canal con los Niveles de Fibonacci es deliberada y crítica: los niveles sirven como filtros adicionales para validar las rupturas de rango dentro del canal, y viceversa, las rupturas del canal potencian la importancia de los niveles de Fibonacci ajustándose al contexto del mercado, representado por la longitud y desplazamiento específicos dentro del gráfico.
Los niveles de Fibonacci se actualizan con cada nueva barra, La detección de rupturas de rango (Break of Range) se integra con la trama de niveles de Fibonacci para destacar los puntos de ruptura significativos. Un enfoque único de este script es la manera en que las rupturas no solo se identifican por el cruce de precios de ciertos niveles de Fibonacci sino también por el contexto de volumen y patrones de velas, como los patrones Engulfing, que señalan cambios potenciales en la tendencia del mercado.
Esta interacción entre el Canal de Regresión Lineal y los Niveles de Fibonacci Por ejemplo: una ruptura alcista del precio a través del límite superior del canal al mismo tiempo que cruza un nivel de Fibonacci significativo sugiere no solo una posible continuación de la tendencia alcista sino también un fuerte nivel de soporte establecido. Similarmente, una ruptura bajista del precio a través del límite inferior del canal, coincidiendo con un nivel de Fibonacci, puede señalar una confirmación de cambio de tendencia y un nuevo nivel de resistencia.
Este script profundiza aún más en la confluencia de señales, donde la interacción entre Break of Range y los niveles de Fibonacci marcan rupturas alcistas y bajistas respectivamente, y cuando estas señales coinciden con rupturas del de cualquier nivel de Fibonacci, proporcionan una confirmación cruzada que aumenta la confianza en la señal generada. "BoR+Fib🔼" y "BoR+Fib🔽"
Además, el script presenta una innovadora implementación de Canal de Regresión Lineal, que utiliza un periodo personalizable y una desviación estándar para trazar las líneas de tendencia superior e inferior. Este enfoque permite a los traders anticipar posibles puntos de reentrada después de una ruptura, con el precio a menudo retestando los bordes del canal, proporcionando así oportunidades de confirmación de entrada baja y alta.
Un aspecto técnico diferenciador es la lógica condicional implementada para la confirmación de señales de tendencia alcista y bajista. Por ejemplo, el script calibra señales basadas en la intersección de la acción del precio con los niveles críticos de Fibonacci y los patrones de velas confirmados, mejorando la confiabilidad de las señales en comparación con el uso de estos indicadores de forma aislada.
Características Principales:
1. Cálculo dinámico de niveles de Fibonacci.
2. Detección de rupturas internas del rango de precios (Break of Range).
3. Canal de regresión lineal.
4. Detección de patrones de velas (Patrones Engulfing).
Cálculo Dinámico de Niveles de Fibonacci y Detección de Rupturas Internas (Break of Range):
La fusión de los niveles de Fibonacci con la detección de rupturas internas del rango es crucial porque permite identificar con precisión los puntos de inflexión del mercado. Los niveles de Fibonacci funcionan como filtros iniciales, indicando potenciales zonas de soporte y resistencia. Cuando el precio cruza un nivel clave de Fibonacci, especialmente en conjunto con una ruptura interna del rango, la señal resultante es más robusta y fiable. Esta confluencia incrementa significativamente la probabilidad de que el movimiento del precio sea sostenible
Broken:
Función: El código identifica las rupturas cuando el precio cruza un nivel de Fibonacci clave (0%, 100%). Una ruptura es significativa si el precio cruza y se mantiene más allá de estos niveles.
Interacción: Las rupturas validan los niveles de Fibonacci. Por ejemplo, una ruptura por encima del nivel de Fibonacci del 0% puede confirmar una tendencia alcista.
Cambio de Estructura:
Función: En el código, el Cambio de Estructura se puede interpretar a través de la detección de patrones de pivote y señales de cambio en la estructura de precios, que identificamos como Break of Range.
Interacción: Este componente actúa como una confirmación de las rupturas de rango y los niveles de Fibonacci. Por ejemplo, si una ruptura de rango es seguida por un cambio en la estructura de precios (como la formación de un nuevo máximo más alto), esto refuerza la validez de la señal de ruptura de rango.
"BoR+Fib🔽": Indica una ruptura bajista del rango que también ha cruzado un nivel de Fibonacci hacia abajo. Esto puede interpretarse como una señal de venta o una indicación de tendencia bajista.
"BoR+Fib🔼": Representa una ruptura alcista del rango que también ha cruzado un nivel de Fibonacci hacia arriba. Puede interpretarse como una señal de compra o una indicación de tendencia alcista.
Canal de Regresión Lineal:
Función: El Canal de Regresión Lineal se calcula y dibuja utilizando un número definido de barras para establecer la tendencia general del mercado. Los cálculos involucran la suma y el promedio de los precios de cierre y sus productos con el índice de tiempo, para calcular la línea de regresión y su desviación estándar, el script utiliza este canal para contextualizar las señales de Fibonacci y las rupturas de rango, con rupturas que ocurren en la dirección de la tendencia del canal.
Interacción: Proporciona contexto a las señales de Fibonacci y rupturas de rango. Por ejemplo, si una ruptura de rango ocurre en la misma dirección que la tendencia indicada por el Canal de Regresión Lineal, esto añade credibilidad a la señal.
Beneficio de la Integración:El Canal de Regresión Lineal proporciona un contexto de tendencia general. Cuando una señal de ruptura de rango y un nivel de Fibonacci coinciden dentro de la dirección de la tendencia indicada por el canal, se fortalece la validez de la señal.
Convergencia de Señales: Un escenario ideal ocurre cuando todos los elementos convergen. Por ejemplo, un buen punto de entrada podría ser cuando el precio experimenta una ruptura de rango desde un nivel de Fibonacci importante, hay un cambio de estructura en la misma dirección, y todo esto ocurre en línea con la tendencia indicada por el Canal de Regresión Lineal.
Visualización de Volatilidad Dinámica: Ajusta el ancho del canal de regresión lineal en función de la volatilidad del mercado.
Validación y Confirmación de la Entrada después de la Ruptura del Canal de Regresión:
Confirmación de Ruptura: La ruptura del canal de regresión se valida no solo por el cruce del precio, sino también por un aumento en el volumen, lo que sugiere una ruptura significativa en lugar de una fluctuación temporal.
Confirmación de Entrada ('Confirmación de Entrada Baja y Alta'):
Barras de Confirmación: Se requiere un número específico de barras (entrada configurable) que cierren fuera del canal para confirmar una entrada. Esto reduce el riesgo de señales falsas.
Re-Test del Canal: Después de la ruptura, el precio a menudo vuelve a probar el borde del canal. Una entrada se confirma si el precio rebota desde esta área, validando la ruptura inicial.
Indicadores Auxiliares: Se utilizan osciladores o indicadores de impulso para confirmar la fuerza de la tendencia después de la ruptura.
Detección de Patrones de Velas (Patrones Engulfing):
Identificación de Patrones Engulfing: bullishEngulfing se activa en un patrón alcista con una tendencia bajista previa y una vela alcista específica. bearishEngulfing se activa en un patrón bajista con una tendencia alcista previa y una vela bajista específica.
Señales Especiales de Tendencia:
Las señales alcistas se muestran como círculos azules con "⬆️", mientras que las señales bajistas se muestran como círculos rojos "⬇️".
Señales Alcistas: Indican que el precio ha cruzado por encima de ciertos niveles de Fibonacci y la tendencia actual se considera alcista, ya que el precio de cierre más reciente es mayor que el precio de cierre de una barra específica en el pasado.
Señales Bajistas: Indican que el precio ha cruzado por debajo de ciertos niveles de Fibonacci y la tendencia actual se considera bajista, ya que el precio de cierre más reciente es menor que el precio de cierre de una barra específica en el pasado.
Integración con 3Commas para Automatización:
Automatización de Señales: La capacidad de integrar con plataformas como 3Commas permite la ejecución automática de estrategias basadas en las señales del script donde un bot podría ejecutar operaciones basadas en las señales generadas por el gráfico., facilitando un trading más eficiente y reduciendo el tiempo de reacción y como un script automatizado solo necesitamos poner en la alerta del mensaje previamente cargado nuestro short Bot Id o nuestro Long Bot ID.
Tick Weighted Average Price RangesTick Weighted Average Price Ranges
Tick weighted average prices ( TiWAP ) are prices averaged from movements of TICK that break above or below configured sensitivity (500 default). The TiWAP indicator plots bands calculating various standard deviations from that averaged price that expand as the anchorage session progresses.
A core feature of TiWAP is the "Show Target Levels" feature which projects prior anchored ending deviation values as horizontal plots where price often reacts.
This feature has become increasingly critical to trade plan development with referencing a myriad of TiWAP timeframes and numerous deviations within and beyond the standard 1st, 2nd and 3rd deviation multipliers.
Thus the feature of plotting these prior anchored ending deviation values has been ported into a standalone indicator.
It's now incredibly simple to pick a timeframe, setup standard multipliers and then additional multipliers that can simply be chosen as applicators to the main multipliers.
Example Configuration
Anchorage: Weekly
Standard Multipliers 1st, 2nd and 3rd: 1.0, 2.0 and 3.0 respectively
1st Additional: -0.5
This would result in:
Standard Deviation 1st (1.0, -1.0) Upper, Lower
Additional Deviation 1st (0.5, -0.5) Upper, Lower
Standard Deviation 2nd (2.0, -2.0) Upper, Lower
Additional Deviation 2nd (1.5, -1.5) Upper, Lower
Standard Deviation 3rd (3.0, -3.0) Upper, Lower
Additional Deviation 3rd (2.5, -2.5) Upper, Lower
The aim is to have the "in-between" deviations without the need to use manual drawing tools to find potential areas of pivot, a complete range from the above example would then provide:
3.0, 2.5, 2.0, 1.5, 1.0, 0.5, Prev TiWAP, -0.5, -1.0, -1.5, -2.0, -2.5, -3.0
Usage
Use this to conduct multi-timeframe analysis of where price is relative to TiWAP ranges, review potential reversals at broad market extensions or perhaps trend continuation opportunities given full timeframe continuity (FTFC).
If utilizing higher timeframe anchorages such as quarterly, yearly then chart timeframe will need to scale up in order to allow for proper calculations to run within the 5000 lookback limitations of TradingView.
The higher chart timeframes also may benefit from higher sensitivity settings, such as 1000 on 15m chart and yearly anchorage.
Markets
As TICK tracks up/down tick movement of NYSE/NASDAQ, this indicator should be focused on stocks that closely track those markets. TICK data is only available during RTH so it's recommended to leave ETH off and set anchorage to RTH only when using session timeframe.
Algo Targets [Premium]The Algo Targets indicator includes a suite of tools that attempt to identify market maker liquidity targets in advance.
These levels can be used by traders to determine:
1. future support/resistance
2. entries/exits
3. directional bias
4. potential reversal levels
5. pullback targets
The script uses a proprietary prediction model based on specific candle sequences, historical moves and volatility projections.
These tools have been live tested across a variety of instruments and timeframes, but should be backtested against your preferred ticker for best performance.
Primary Features:
1. Anchors
Anchors are derived from a simple, but powerful, three-candle breakout pattern. We have found that this pattern, when combined with the relative position to previous Anchor patterns on the chart, gives us clues to predicting future price structure.
Common use case: The simplest way to trade Anchors is to know that price *almost always* makes a return visit. This can be a useful tool for reversal traders. Additionally, Anchors often occur just before strong directional momentum. This can be useful for trend traders looking for entry signals.
Power User feature: Projected Ranges can be enabled in Settings. Each Anchor provides a Retracement leg (measured as the midpoint between the last two Anchors) and an Expansion leg (measured as twice the size of the Retracement leg, projected in the opposite direction). If Projected Ranges are enabled, the directional bias is also highlighted within the range, making it easy to spot at a glance.
Caveats: Expansion legs require patience and solid risk management. Additionally, the Expansion leg contains an additional Trigger level which price MUST cross before we consider the Expansion leg to be "in play" as a valid price target. This Trigger is marked on each Expansion legs as a dotted line.
Please note, Anchors require a 3 candle lookback before they are printed to the chart.
2. Target Zones
Target Zones are an advanced feature, and can be enabled in the Settings panel.
Each Target Zone consists of three levels:
Trigger — This the level closest to the current price. We expect it to act as a support/resistance level until price breaks through.
Target — This is the level farthest from the price. This is how far price is likely to move AFTER crossing the Trigger.
Midpoint — This is the level between the Trigger and Target. If price enters a Target Zone and wicks off of the Midpoint line, it’s usually a reversal signal. In this case we would cut our trade, consider the Target “filled” and potentially enter a reversal trade.
Common use case: When prices crosses a Trigger into a Target Zone, we consider that Target level to be “unlocked.” Our expectation is that price will gravitate toward the Target.
Power User feature: There are many strategies that a trader can build around Target Zones. One of our favorites is to use Targets strictly as reversal entries. On ranging days, price will often wick off of a Target level, before making a quick move in the opposite direction.
Caveats: After a Target is unlocked, it may be reached within the next few bars, or it may be saved by the market algorithms for later. Keep an eye on the Midpoint for potential reversals, and as always, proper risk management is key.
IMPORTANT: The presence of a Target Zone on the chart is neither bullish not bearish by itself. We consider the Target to be in play if, AND ONLY IF, price has crossed the Trigger level.
3. Pullback Levels
Pullback Levels are algorithmically detected return levels. They usually act as a strong draw on price, and often appear just before a pullback in price.
Common use case: The simplest way to use Pullbacks is to look for ones that have not been filled, either from a previous day or in after-hours/pre-market. We use them for confirmation bias along with Anchors and unlocked Targets.
Power User feature: For day trading, we set Alerts on our favorite tickers for any detected Pullbacks on the 5 min chart. This usually gives us plenty of time to review the chart for a possible day trade entry.
Settings:
All features are customizable, including color, line length and visibility. This lets you keep your chart as clean as you like, while only displaying additional data when it is needed.
Alerts:
Alerts can be set for all features, with the ability to set bearish and bullish alerts separately, depending on your trading preference. It is recommended to use "Once Per Bar Close" when you create an alert.
Simple Grid Lines VisualizerAbout Grid Bots
A grid bot is a type of trading bot or algorithm that is designed to automatically execute trades within a predefined price range or grid. It is commonly used in markets that exhibit ranging or sideways movement, where prices tend to fluctuate within a specific range without a clear trend.
The grid bot strategy involves placing a series of buy and sell orders at regular intervals within the predefined price range or grid. The bot essentially creates a grid of orders, hence the name. When the price reaches one of these levels, the bot will execute the corresponding trade. For example, if the price reaches a predefined lower level, the bot will buy, and if it reaches a predefined upper level, it will sell.
The purpose of the grid bot strategy is to take advantage of the price oscillations within the range. As the price moves up and down, the bot aims to generate profits by buying at the lower end of the range and selling at the higher end. By repeatedly buying and selling at these predetermined levels, the bot attempts to capture gains from the price fluctuations.
About this Script
Simple Grid Lines Visualizer is designed to assist traders in visualizing and implementing automated price grids on their charts. With just a few inputs, this script generates gridlines based on your specified top price, bottom price, and the number of grids or profit per grid.
How it Works:
Specify Top and Bottom Prices: Start by setting the top and bottom prices that define the range within which the gridlines will be generated. These prices can be based on support and resistance levels, historical data, or any other factors you consider relevant to your analysis.
Determine Grid Parameters: Choose either the number of grids or profit per grid, depending on your preference and trading strategy. If you select the number of grids, the script will evenly distribute the gridlines within the specified price range. Alternatively, if you opt for profit per grid, the script will calculate the price increment required to achieve your desired profit level per grid.
Note that when choosing Profit per Grid , an approximation usually is performed, as all grid lines must be evenly distributed. To achieve that, the script computes the grid distance using the mean price between top and bottom, then computes how many of those complete distances may enter the entire range, and lastly, creates a grid with evenly distributed distances as close as possible to the previously computed.
Customize Styling and Display: Adjust the line color, line style, transparency, and other visual aspects to ensure clear visibility on your charts.
Analyze and Trade: Once the gridlines are plotted on your chart, carefully observe how the market interacts with them. The gridlines can act as reference points for potential support and resistance levels, as well as simple buy/sell orders for a trading bot.
Try to find gridlines that intersect prices as frequently as possible from one to another.
A grid with too many lines will make lots of potential trades, but the amount traded will be minimal (as the total amount invested is divided over the number of grids).
A grid with too few lines will make lots of profits with each trade, but the trades will be less likely to occur (depending on the top/bottom distance).
This tool aims to help visually which grid parameters seem to optimize this problem.
Future versions may include automatic profit computation.
TradeEasy - KintroThe TradingView script provided is a custom indicator named "TradeEasy - Kintro". It is created by the author Kintro and is designed to help traders identify potential buy and sell signals in the market. The indicator is based on the Exponential Moving Average (EMA) and uses two different EMAs, one with a period of 20 and the other with a period of 50.
The indicator is meant to be used on the 5-minute timeframe and it is recommended to use TradingView in Dark Mode for better appearance. The author also reminds users that no strategy works 100% accurately and backtesting should be done before trading with a real account. The author is not responsible for any losses incurred by traders.
The indicator uses a simple set of rules to generate trading signals. The thick line on the chart represents the 50 EMA while the thin line represents the 20 EMA. When the thin line crosses upwards over the thick line, it indicates a bullish signal. After the crossover, traders are advised to wait for the price to pullback between the two lines. A range should then be created while the price moves through the thin line.
On the break of the range, an entry signal is generated, and the stop loss should be set below the range. The author advises traders to exit their profits according to their own analysis or price action and not to re-enter on the next pullback of the same trend. The same rules apply when the thin line crosses downwards over the thick line.
The author emphasizes that range creation is mandatory on crossing and that traders should not try to go against the trend. If the price is above both lines, traders should only go for buy orders, and vice versa.
If there is no range created while crossing, traders are advised not to enter the market. Traders should wait for the opportunity and not force a trade.
The indicator also includes a plot of the 34 EMA, and a range is created above and below the price action using the "up" and "down" variables. The author uses the "fill" function to color the background of the chart to highlight the range. The "dummy" variable is used to plot circles above or below the price action, depending on the trend.
In summary, the "TradeEasy - Kintro" indicator is a custom indicator designed to help traders identify potential buy and sell signals based on the crossing of two EMAs. The author provides a set of rules to generate trading signals and advises traders to wait for the opportunity and not force a trade. The indicator also includes a visual representation of the range created on the chart. As always, traders are advised to conduct their own research and analysis before entering any trades.
Opening Range Breakout (and price targets)This Opening Range Breakout indicator stands apart from others for several reasons. Apart from displaying the opening range high and low on a chart, the script also plots customized potential price targets ( different from any other on TradingView! ) for breakouts and breakdowns in price action. These customized targets can be toggled on and off in the input section of the indicator's settings.
With regard to the indicator itself, it has two other key inputs, the "ORB total time (minutes)" and "ORB Timeframe". The first input sets the maximum number of minutes to be used in the calculation of the opening range, and the second input sets the specific time frame when the opening range is calculated. The script plots the opening range high and low on the chart as two separate lines with the high in blue and the low in white, and these lines dynamically change color of the high to green and the low to red if the current price is above or below the opening range, respectively.
The script starts by calculating whether or not the current bar falls within the specified time frame. It then sets the initial values of the opening range high and low, and continuously updates these values if the current bar's high or low is higher or lower than the previous values, respectively. The updated values are then plotted on the chart with the specified style and color.
Traders may use the ORB Indicator to trade breakouts and breakdowns of the opening range. If the price breaks above the opening range high, traders may look to enter long positions, and if the price breaks below the opening range low, traders may look to enter short positions. The customized price targets may be consulted for potential areas to take profit. The color change of the high and low lines can provide additional confirmation of a potential breakout or breakdown, adding to the strength of the trade setup. It is important to note that the ORB Indicator does not guarantee success, and traders should always consider other technical and fundamental factors before entering a trade.
Users can also create alerts for when price breaks above or below the opening range. This will provide up-to-date live alerts for traders who cannot be staring at their screens all day long.
Dual Fibonacci Zones & Ranged Vol DCA Study - R3c0nTraderWhat does this do?
This signal script (aka Study) was created so it could be used with the corresponding strategy "Dual Fibonacci Zone & Ranged Vol DCA Strategy - R3c0nTrader" to create the buy and sell signals for 3Commas bots.
How to Use
Configure the study to match your settings you have set in the strategy. This script comes with an buy and sell alert conditions built-in. Just click to add alert and select Buy or Sell and paste in your bot messages.
Credits:
Thank you "EvoCrypto" for granting me permission to use "Ranged Volume" to create this study
Thank you "eykpunter" for granting me permission to use "Fibonacci Zones" to create this study
SVDThis indicator aims to compare between two charts if trader isn't sure which one is more active and powerful, it does NOT show entries or help your chart analysis directly.
The main features of this indicator is to show vitality and range of any given chart.
Volatility: it calculates the average profit of every swing in the range and the final result will be the chart volatility, which indicate how profitable this chart is.
Range: it calculates the profit of the whole range compared to the total price. (E.g. range bottom is 0.1 and range top is 0.2 the range will be 100%)
Extra: indicator shows the total direction of the chart in term of (STRONG UPTREND, UPTREND, SIDEWAYS, DOWNTREND, STRONG DOWNTREND), if you got (Somthing_wrong) please contact me.
How to use: apply the indicator on different charts that you have chosen and the higher (volatility & range) the more profitable the chart is.
inputs:
Lookback length: how long the range is (how many candles are included).
How intense should the Swing be: how many candles should be counted as a confirmation complete swing.
Show counted Swings: if checked as true, will show the swings counted in the volatility calculation.
For any notes on the indicator to be edited, or for another indicator ideas please comment.
OM Session RangesThis indicator was created to assist in generating the morning and afternoon ranges as defined by Options Millionaire's strategy.
Morning range is determined by identifying the high and low from open to 10:05.
Afternoon range is determined by identifying the high and low from 13:30 to 14:05.
VuManChu Swing FreeThis is the old version of Range Filter from DonovanWall, that VuManChu is selling in his discord as "VuManChu Swing" which in reality is just Range Filter, a open-source script from DonovanWall.
Safe Scalpy Stop Loss. Percentage from price visualizer.This is my first script I have published so bear with me.
I have thrown this together so you can easily see on the chart where -0.5%, -1% and -2% would be from the last candle close. I also replicated these to show positive values in case you are shorting.
I have also added a custom value setting so you can set the line at whatever percentage value you like and included an adjustable recent higher high and higher low finder to help create a recent range as it seems to work well in tandem for scalping range based price movement.
You can turn all these things on and off in the settings on the style checkboxes.
I felt the need to make this because I like to scalp trade with leverage like a total degen from time to time. Often the setups happen very quickly. It is difficult to calculate where to set a stop loss in a hurry so I keep a fixed account size/lev and just vary the position percentage size based on the percentage of the stop loss from the current price.
Sometimes when switching from a lower volatility chart to high volatility one it is easy to get caught out by quickly entering a scalp trade only to find you made your position way too big or you shouldn't have entered at all. You thought it was only moving 0.2% per candle instead of 3%. Whoops. Rekt.
This indicator is all about trying to help me avoid that with a visual clue to back up the bad maths I do quickly in my head.
I often hide it and only show it when I'm ready to enter a position to double check my SL and entry are set in a sensible area.
I thought I would publish it in case someone else finds such a simple tool handy.
Apologies if there is already something out there that does this job. I couldn't find it.
See you all on the moon.
Trend Type Indicator by BobRivera990Usage:
The purpose of this indicator is to programmatically determine the type of price trend using technical analysis tools.
You can do a quick check on the asset’s higher and lower time frames. For example, if you are trading on an H1 chart, you can check the m5 chart to ensure that the trend is in the same direction and similarly check the H4 chart to ensure that the higher time frame price is also moving in the same direction.
If multiple time frame charts confirm a similar trend, then it is considered a very strong trend and ideal for Trend trading.
Remarks:
By default, the last status is related to 8 periods before the latest closing price.
Related definitions:
The three basic types of trends are up, down, and sideways.
1. Uptrend
An uptrend describes the price movement of a financial asset when the overall direction is upward. The uptrend is composed of higher swing lows and higher swing highs.
Some market participants ("long" trend traders) only choose to trade during uptrends.
2. Downtrend
A downtrend refers to the price action of a security that moves lower in price as it fluctuates over time.
The downtrend is composed of lower swing lows and lower swing highs.
3. Sideways
A sideways trend is the horizontal price movement that occurs when the forces of supply and demand are nearly equal. This typically occurs during a period of consolidation before the price continues a prior trend or reverses into a new trend.
How it works:
Step 1: Sideways Trend Detection
In this step we want to distinguish the sideways trend from uptrend and downtrend. For this purpose, we use two common technical analysis tools: ATR and ADX
1. Average True Range (ATR)
The average true range (ATR) is a technical analysis indicator that measures market volatility.
We also use a 20-period moving average of the ATR.
When the ATR is below the average of its last 20-periods, it means that the rate of price volatility has decreased and we conclude that the current trend is sideways
2. Average Directional Index (ADX)
The average directional index (ADX) is a technical analysis indicator used by some traders to determine the strength of a trend.
The trend has strength when ADX is above 25.
So when the ADX is less than or equal to 25, there is no strong trend, and we conclude that the current type of trend is sideways.
Step 2: Detect uptrend from downtrend
If it turns out that the current price trend is not sideways, then it is either uptrend or downtrend.
For this purpose, we use plus and minus directional Indicators (+ DI & -DI).
A general interpretation would be that during a strong trend, when +DI is higher than -DI, it is an uptrend. When -DI is higher than +DI, it is a downtrend.
Parameters:
"Use ATR …" ________________________// Use Average True Range (ATR) to detect Sideways Movements
"ATR Length"_______________________ // length of the Average True Range (ATR) used to detect Sideways Movements
"ATR Moving Average Type" ___________// Type of the moving average of the ATR used to detect Sideways Movements
"ATR MA Length" ____________________// length of the moving average of the ATR used to detect Sideways Movements
"Use ADX ..."_______________________ // Use Average Directional Index (ADX) to detect Sideways Movements
"ADX Smoothing”____________________// length of the Average Directional Index (ADX) used to detect Sideways Movements
"DI Length"_________________________// length of the Plus and Minus Directional Indicators (+DI & -DI) used to determine the direction of the trend
"ADX Limit" ________________________// A level of ADX used as the boundary between Trend Market and Sideways Market
"Smoothing Factor"__________________// Factor used for smoothing the oscillator
"Lag"______________________________// lag used to match indicator and chart
Resources:
www.investopedia.com
Volatility Index of Range Verification█ OVERVIEW
This is a volatility indicator created by extending concepts from Tushar Chande's Range Action Verification Index (RAVI).
█ CONCEPTS
This indicator constructs range of the RAVI indicator. It uses this range to build a histogram that represents how fast the range is changing, or a measure of volatility. A line is then constructed, either from a moving average or standard deviation depending on the settings that can serve as an action trigger.
█ INPUTS
• Fast MA Period: the period of the quickest moving average that is used to build the RAVI indicator line
• Slow MA Period: the period of the slowest moving average that is used to build the RAVI indicator line
• MA Type: the type of moving average to use, either Simple or Exponential
• Price Source: the type of price source to use; close, high, low, hlc3, etc.
• Lookback Period: how far back to construct the minimum and maximum of the range
• Standard Range: the standard range of the indicator. a smaller range will exaggerate differences in the columns, and vice-versa
• Volatility Period: the period used for the trigger line moving average
• Std. Deviation Mode?: Whether the trigger line will plot using a moving average or a multiple of Standard Deviation.
• Deviation Multiplier: How many deviations to use if the trigger line is in Std. Deviation Mode
TWD VPV Risk RangeThe 'TradingWithDan Volume Price Volatility Risk Range' indicator identifies two risk ranges based on the volatility and volume of the underlying asset. It then uses those to identify when the trend towards the top or bottom of the risk range is potentially reversing and issues a 'long' or 'short' signal.
The larger risk range is identified by the red and green lines is used to visualise the larger context of the price movement so when the top of the smaller risk range approaches the larger risk range line then the upward trending movement is potentially reaching exhaustion and there is a greater risk of downside. The opposite is also true when the bottom of the smaller risk range approaches the lower larger risk range line.
This indicator is designed to be used in a trending market, either up or down and if for example you have identified an asset that is in an uptrend, or an asset you wish to accumulate, you can take partial position entries at the 'buy' signals and take partial profits at the 'sell' signals. You can use it effectively in a none trending market, taking the outright short or long potions, but you will be at risk of a trend developing.
The indicator isn't designed to identify trends, but to identify sell and buy entries that occurs due to the natural Brownian motion of the price action.
It is designed for my style of trading where I do not enter the entirety of my intended position in one go and will take partial profits when there are price movements towards the top of the risk range if I am long and then put more of the position back on towards bottom of the risk range and vice versa if I am short an asset. It is especially useful for managing my long term core positions and finally I use the alerts to trigger automated trading bots for my positions using the signals.
It can be used on a wide range of assets and on all time frames.
Session RangesThis is session range indicator with CLEAN code and CLEAR data presentation. There are other range indicators available but when I looked I found them unreliable or making too much screen clutter. WIth mine you can have 3 ranges on screen, measure to bodies or wickes, customise the period, (set your timezone), colours, labels and all that good stuff...
I'm very happy to share it with everyone (and publishing is a great way to archive my code) but ultimately this indicator is by me, for me. Whilst i added a few bells and whistles for everyone this indicator is precisely designed to:
Show me EASILY see what happened in the Asia session and whether we are breaking out with MINIMAL screen clutter. I only use the 3, 15 and 60 - it won't work on the 1, 5, 120 etc because I dont need it to. How I use it is below.
Buy Sell BandsBuy Sell Bands is a super simple indicator based on the mean reversion (range trading) strategy that shows you exactly where to buy, sell and close trades on every chart, market and timeframe.
It's best used together with our Range Strength indicator to identify when the market is in a range mode, this is the best time to take the entry signals from the Buy Sell Bands.
How Is It Different From Other Indicators?
- Designed specifically for the mean reversion (range trading) strategy
- Upper and lower bands are based on current and past volatility
- Aren't as sensitive to "squeezes" after periods of contracted volatility
- Works well in conjunction with the Range Strength Indicator to confirm entry signals
- Helps identify good "pair trading" opportunities
- Can be applied to all markets and timeframes
How To Use The Indicator?
1) Visit our website URL shown below this description and signup
2) We will then grant your TradingView username permission to use our indicators
3) Go to your Indicators window, then the Invite-Only section and add our indicators to your chart
4) Our indicators will then show on every chart you now look at
5) You can set up alerts to be notified in real time of trading signals from our indicators
6) Read our user manual for all the best tips on how to use our indicators as part of a range trading strategy
7) Feel free to reach out to us for personal one-on-one help with getting setup
What Markets and Conditions Does It Work Best On?
All markets cycle between trending and ranging modes, and the key to successfully using these indicators is identifying when the market is in or about to go into a range trading mode, and as such it can be applied to all markets and timeframes.
Some markets and timeframes trade within ranges more predictably than others, for example Forex, Cryptocurrencies, and Futures on the 15 minute timeframe during the US night session can work well due to the lack of price sensitive news creating lasting trends. With Stocks & ETFs on the 5 minute timeframe during the midday session on large cap blue chip stocks with no recent news releases can show strong range trading environments to use our indicators in.
In addition to single markets, you can also use our indicators on pair charts, for example Coca Cola(KO) versus Pepsi(PEP), you can do this by entering KO/PEP inside your TradingView chart quote box and it will bring up a pair chart. Our indicators will show buy and sell signals right on the pair chart just like any other single instrument chart. You can get very creative with what type of pairs you can come up with.
Our indicators are primarily designed for day trading and swing trading, however they can also be used for position trading and investing by identifying technically oversold and overbought range levels that are based on current and past volatility around a dynamic average price, for this we recommend using a weekly chart to identify longer trading opportunities.
As always indicators should be used as part of a trading strategy to assist in making decisions, instead of just blindly following every signal they produce you should always seek to compliment technical trading signals with additional analysis to reduce your risk and increase your odds of making a winning trade.
Examples Of Use On Various Markets and Timeframes
GBP vs CHF Forex Pair 15 Minute Chart
Tesla Stock 1 Minute Chart
Bitcoin vs USD Crypto Pair 15 Minute Chart
Micro E-Mini SP500 Futures 1 Minute Chart
Mastercard vs Visa Stock Daily Pair Chart
To gain access to the Buy Sell Bands and Range Strength Indicators visit our website shown below.
Happy Range Trading :)
LOSS2PROFIT_Market_RangeFor Breakout Trading..(range trader)
Investor , monthly trader ,weekly trader and daily trader(everyone can use it)..
It show market own range which is created by market/price (not by calculation)..
This are the important decision point which is made by traders(all style)..
Depend upon time frame , most important thing is market opening and market closing..
Entry through market high and market low (important support n resistance)..
Use it wisely according to your strategy.. (logic always works and trust your strategy)
Keep on back testing...
(until you get , what you want)
Multi Ticker Session Opening High Low RangeThe Multi Ticker Session Opening High Low Range Indicator by the Caretaker.
The original idea for this indicator came out of a request from Krown's Crypto Cave community member ZFelds.
This indicator is designed to display the High / Low Ranges of the "on chart" asset, at a chosen resolution from the opening time of, and for the duration of, the chosen Ticker Sessions (up to 3) .
Its function is to allow the user to easily keep track of the session times of the major world indices, and the reaction of the on chart assets price from the opening of the ticker sessions over the duration of the ticker sessions.
Typically used for a guide when scalp trading on low time-frames by plotting the opening 1 or 5 minute High/Low trading range of an asset during the start of a major market opening up an d making trading decisions based on the reaction of Price Action around those levels.
It does this by plotting High / Low Range bands (plus mid-lines) which displays the High and Low range of the on chart assets opening candle at the chosen time resolution for the chosen ticker (Defaults : SPX, NI225, UKX).
The Range bands fill colour changes depending on whether the chart asset closes candles within, above, or below the range (Default : Silver, Green, Red).
It plots optional Background "Session Bars" and "Session Banners" which function to clearly show the session.
The background "Session bars" can be set to plot just the first bar as a signal or on all session bars.
The "Session Banners" are horizontal lines of chosen width which "float" above the chart data.
Optional info text-boxes also "float" above the chart data and function to display the session opening range information.
(Ticker symbol, Opening range time resolution, Session open high & low).
The text-boxes can be set to full label or short label.
The text-boxes can be set to the left or center of the session.
The height offset by which the text-boxes and banners float above the highest high of the range is alterable in the settings.
The text-boxes and banners also have a "clash avoidance" function which will offset their heights to help avoid them clashing on screen (This offset is alterable in the settings).
Eagle Eye Indicator [B]Indicator version with three different modes, Range/Range Additive/Range Normalized.
Colorscheme is the same as the original overlay Project Eagle Eye
Hull-rangefilterMix of XAvi range filter and Hull fib , seems to be nice hybrid
alerts inside for both systems
for each coin isuugets to optimise the Hull length or the range (now set to 5) and then to test it
Donchian Channel with Range AdditionA Donchian Channel with additional zones at places where its range is smaller than a set amount of atr. Thus it kind of combines with Keltner Channel qualities. Purpose is to set a stop loss wide enough to avoid shaking out of a position. The example chart shows a Philips day chart, where I opened position on 16 juli at 37,50 and set the stop loss at low border level 35,60, on 23 juli was an earnings rapport, the wick of the candle shows that quotes went very low, obviously smart traders had to fill a huge order and hunted for stops, triggering my stop closing the position. next days quotes went a lot better, so I missed the fun. The Donchian Channel was too narrow because quotes had ranged in the previous weeks. If I had placed my stop on the additional low, setting it 5 atr below the high border, my stop would have been safe.
