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MTF ATR Reversal Levels (Open Source) This is an open source version of the original I posted a couple of years ago.... Multitple TimeFrame Swingarm system borrowing from the Blackflag FTS indicator. This throws up 5 resolutions of ATR thresholds, only showing the current bar level using a horizontal line across the full chart. I don't like the historical information charted, just need to know the current level for my trading purposes. It will also give Sell/Buy alerts when the closing price exceeds one of those thresholds... essentially confirmation of a trend reversal. On the primary resolution (defaulted to the current timeframe of the chart) it can show the fibonacci reversal levels using the ATR levels for that time resolution. This is if for the current trend. I find it useful, so I thought I would share. Like all indicators, it'll work as long as you stick with a system, and let it work. :)
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DeuceDavis tarafından
6
Market Order Bubbles + Trapped Positions [Pt]"Market Order Bubbles + Trapped Positions" is a multifaceted TradingView indicator, employing volume data to depict intensified market activities. By highlighting aggressive buying/selling behaviors, this tool serves as a dependable aid in pinpointing potential trading reversals. Additionally, it proves an effective device for real-time market trend monitoring. The unique ability of this indicator to spotlight 'Trapped Positions'—resulting from such vigorous trading activity—helps identify crucial price levels or ranges that may lead to significant price responses. Market Order Bubbles The Market Order Bubbles feature capitalizes on volume data to estimate market orders. High bullish volume is indicative of a surge in buy orders, while strong bearish volume flags an increase in sell orders. These orders are visually represented by bubbles of different sizes, corresponding directly to the volume strength, thus providing traders with an immediate, intuitive understanding of market activity. Trapped Positions/Zones The concept of Trapped Positions emerges when sizable buy orders appear during a bearish market trend, or vice versa. For instance, if a considerable sell order is detected during a bullish uptrend, it signifies that those short positions may be 'trapped'. These positions help in plotting potential price range zones. When the price revisits these zones and the market trend maintains its bullish inclination, trapped shorts might opt for liquidation near break-even to mitigate losses. The reverse holds true in a bearish downtrend. Trend Follower The Trend Follower feature is a supportive tool that aims to discern price trends, color-coding candle bars for clarity. This function assists traders by presenting a simplified view of the prevailing trend, helping to minimize distractions caused by minor price shifts. The utility of the Trend Follower is its ability to aid traders in focusing on the larger market direction. It allows traders to concentrate on the more substantial trend and make decisions that align with this broader market movement, rather than reacting to every minor price fluctuation. As a result, this feature may support traders in maintaining their positions for a longer duration, which could potentially enhance their trading outcomes. The Trend Follower, therefore, offers a helpful contribution to a balanced and effective trading approach. In essence, the "Market Order Bubbles + Trapped Positions" indicator with its Trend Follower feature provides traders with a comprehensive understanding of market dynamics, allowing them to navigate the financial markets with increased precision and confidence. Its unique features, designed to highlight significant market activities and trends, can greatly aid in refining trading strategies, making it a potentially invaluable tool in a trader's arsenal.
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PtGambler tarafından
142
PinBar Detector [Mr_Zed]Pinbar Detector is a technical analysis tool designed to detect Pinbar patterns in financial markets. Pinbars are reversal patterns that indicate a potential change in trend. This indicator is based on an existing Pinbar detector in MQ4/5 format, originally developed by "earnforex". The PineScript version is written to work in TradingView, and can be applied to any chart to identify Pinbar formations. The indicator uses specific criteria to identify Pinbars, such as the length of the wick and the relationship between the wick and the body of the candlestick. By displaying the Pinbars on the chart, traders can make informed decisions about entering or exiting trades based on their analysis of the market's potential trend reversal. enjoy !
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Indicator_Wizard tarafından
2
MATHR3E Range Conquest Index█ OVERVIEW MATHR3E Range Conquest Index (RCI) is an arithmetic oscillator for trend analysis. █ CONCEPTS Disclaimer MATHR3E RCI indicator is intended for advanced traders and may fit your profile, whether you are a day trader or a long-term investor. It was originally developed by a renowned market analyst and documented in numerous books. Among them is the author Jason Perl. It is recommended to have read the trading techniques mentioned in the books covering this indicator beforehand. Introduction MATHR3E RCI can serve several purposes:  • By helping to confirm price reversals.  • By giving low risk potential entry indication  • By outlining the emergence of a price trend How to use MATHR3E RCI is a dual oscillator. Each oscillator compares the price evolution of a given day with that of two trading days earlier. They differ in the amount of trading bars taken into account when calculating the RCI. Oscillator values fluctuate between overbought and oversold levels The time spent above or below these levels is compared to the Duration Analysis parameter (in bars). When it is greater than this Duration, an excessive move is underway which usually require the oscillator to return to the neutral zone. Strengths or weaknesses are then detected when the oscillator returns to its zone of excess by marking a mild reading, i.e. spending less time than the duration analysis parameter. █ FEATURES & BENEFITS Versatile The indicator is designed to work with other indicators by the same author, including the identification of exhaustion points. This indicator can be applied to any market or time frame. Price Oscillator Qualifier Identify low-risk buy or sell opportunities with  • Qualified upside breakouts  • Qualified downside breakouts Fully Customizable Multiples settings available to configure  • Oscillator Periods  • Duration Analysis  • Overbought and oversold reading Alerts Get notified on:  • Weakness signal  • Strength signal  • POQ signals
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MATHR3E tarafından
5
FieryTrading: Buy The Dip - Sell The RipDear Tradingview community, Today I want to share a very powerful, yet easy to use indicator with you. The indicator will find local tops or bottoms and will help you determine when it's a good time to trade a potential reversal. How does it work? The indicator makes use of the RSI to detect extremities and waits until the RSI reverses. Furthermore, a long-term moving average is used to determine whether we're in bullish or bearish market conditions. In bullish conditions the indicator will only go long, in bearish conditions the indicator will only go short. How do I use it? Favorite the indicator and apply it to your chart! You can add an alert to the indicator to receive a message once it has detected a good point for a reversal trade. The indicator can be used on all assets and on all timeframes. Personally, I've found the 1 - 4 hourly timeframes to yield the best results. Good luck!
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FieryTrading tarafından
5
PrevHighLow Trend IndicatorPrevHighLow Trend Indicator which is calculated by using prev lowest and highest of p1 -period and p2 -period for two MAs. First MA is made of prev highest of p1-period / prev lowest of p1-period. Second MA is faster, made up of p2(<p1)- period(same formula). Can be used in the next way: slower MA(straight line) shows main trend, faster shows temporary trend. BUY, when first MA and second MA are green; Exit: second MA changes from green to red. SELL, when first MA and second MA are red; Exit: second MA changes from red to green. RSI Assistant basically filtres signals in the way, when signals from RSI and Faster MA are similar? it signals about it with labels: BUY for long, SELL for short. You can either enable or disable it. Also customizable so you can find your setup. RSI Assistant, depending on you customize it, can help you either follow trend or show reversals. Just find your own setup and watch things happen! Feel free to leave valuable feedback and your setups which you consider to be good. Hope you PHLTI usefull. Good luck!
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tarasenko_ tarafından
3
Distance from Vwap// How it Works \\ Measuring the distance of the close price from a higher timeframe VWAP - Volume Weighted Average Price There is a threshold which is calculated by looking back at the previous x amount of bars and storing the highest/lowest values If the distance from the vwap stretches above that threshold, the histogram will go green if price is above VWAP and red if its below the vwap If the distance from the vwap reaches below the low threshold you will see the histogram flashes orange // Settings \\ In the settings you have the ability to change what timeframe the indicator is calculated on, as well as this you can change the timeframe the VWAP is calculated on. I always recommend using a higher timeframe vwap as they tend to me more respected e.g on the hourly timeframe, I use the weekly VWAP, on 1 minute timeframe you may want to use 4 hour timeframe but obviously feel free to experiment // Use Case \\ When histogram is flashing green, prices is pulling far away from the vwap, obviously you don't want to be buying a falling knife but if you have levels of confluence this can help spot reversals. I personally wait until the first candle after its been green to get confirmation of the fall weakening. Vica versa for reds and shorts/sells. When you see orange flashes, this shows that price has been consolidating and the price is very close to the higher time frame VWAP which could be considered a safe entry point as they tend to lead to a big move to follow // Suggestions \\ Happy for anyone to make any suggestions on changes which could improve the script, // Terms \\ Feel free to use the script, If you do use the script could you please just tag me as I am interested to see how people are using it. Good Luck!
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TradingWolf tarafından
6
MTF ATR Reversal LevelsThis is a Multitple TimeFrame Swingarm system borrowing from the Blackflag FTS indicator. This throws up 5 resolutions of ATR thresholds, only showing the current bar level using a horizontal line across the full chart. I don't like the historical information charted, just need to know the current level for my trading purposes. It will also give Sell/Buy alerts when the closing price exceeds one of those thresholds... essentially confirmation of a trend reversal. On the primary resolution (defaulted to the current timeframe of the chart) it can show the fibonacci reversal levels using the ATR levels for that time resolution. This is if for the current trend. I find it useful, so I thought I would share. Like all indicators, it'll work as long as you stick with a system, and let it work. :)
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DeuceDavis tarafından
22
Center Of Gravity OscillatorThe COG Oscillator (center of gravity) is an indicator based on statistics and the Fibonacci golden ratio. It uses ALMA as a trigger and LSMA as "zero line". The trigger is set tight by default but can be tweaked by adjusting the window size and sigma in settings. This is a great indicator for setting up trades and spotting reversals. There are 2 main strategies that come with this indicator: Strategy 1: Long positions are entered when current low point is higher than previous low. Short positions are entered as current high is lower than previous high. (Shown in image above) Strategy 2 : If market is bullish long trades are entered as COG line crosses over red LSMA line. Traders have the option of scalping the first crossover or even scaling out of trade to close on second exit. This works the opposite for shorts when market is bearish. Above shows different configurations of the indicator. Top shows length of 50, Middle has length of 21 and bottom is default 9.
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veryfid tarafından
49
Turbulence reversalGiven that the market turbulence tends to cluster, I developed a turbulence moving average system to reveal the unseen underlying structure of the least resistance path for trend following. Here, I used an SMA subset from the turbulence moving average system to determine the trend direction. This estimation is achieved by calculating the dynamic changes of SMA slope angle and distance between SMA. The former represents a possible reversal signal, and the latter shows the resistance from the intermediate-term SMA. When the short-term slope angle crossovers the intermediate-term slope angle, the indicator will give a star sign, indicating a possible trend reversal. Use this indicator together with the turbulence moving average system (Turbulence with direction).
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lockeyj tarafından
1
ATR Auto Oscillator [DepthHouse]The ATR Auto Oscillator uses advanced range calculations to determine a dynamic range that the applied market moves within. Like an RSI , the ATR Auto Oscillator measures the speed and change of price movements through a given range. Unlike an RSI , the ATR Auto Oscillator automatically re-configures range values dependent on the user set lookback. The oscillator ranges between (0.1) and 1.1. Generally, the market is oversold while the bands are below 0.2 and is overbought while above 0.8. The two bands displayed are used to determine short term trend directions and the oversold/undersold state of the applied market. Crossovers of these bands could give a hint to the direction the market is moving. The fast band (green) is the direct value of where the market is within its calculated range; 1.1 representing the top of range, and -0.1 representing the bottom. Even when this value is near the bottom of the top of the range, the auto oscillator will readjust to create a new range that the market travels within. The slow band (red) is a lagging version of the fast band which is used to determine the oversold/overbought signals. When this band travels within the oversold and overbought regions the background color will change to signal a warning. If the fast band crosses the slow band within these zones, an opaque signal will appear. These signals are used to catch possible trend reversals. Breakout Signals ( BETA ): Breakout signals are the up and down arrows displayed on the top and bottom of the oscillator. A refined range is generated by the user set 'High Low Length'; it is then displayed by the light gray horizontal lines. If the user set band (fast or slow) returns into the range within a given period (breakout offset) then a signal will generate. Built in Alerts (must be set up by user): Bullish & Bearish Crossovers within the oversold and overbought ranges. Bullish & Bearish Breakout alerts (beta) Users can also set custom alerts. Example: Fast Band crossing up Value: 0.7 To gain access to this indicator please follow the link below. Feel free to message me with any questions directly here on TradingView.
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oh92 tarafından
17
CMYK VRMI RAYS ◊ Introduction Introducing VRMI in this script, an RMI based on price movement and volume, to indicate bullish and bearish trends. This script marks the background depending on RMI <> VRMI , VRMI polarity and large buy/sell sprees. ◊ Origin Based on 'The Relative Momentum Index' by Roger Altman : February, 1993 issue of Technical Analysis of Stocks & Commodities magazine. While RSI counts up and down days from close to close, the Relative Momentum Index counts up and down days from the close relative to a close x number of days ago. This results in an RSI that is smoother. In addition VRMI reacts quick, it is used to cut off latency from RMI, and it's polarity indicates the beginning and end of a trend. Large buy sell sprees and detected in their proportion with an sma on the volume ◊ Adjustments CMYK color theme applied. ◊ Usage This indicator can be used to detect trends and mark reversals. ◊ Prospects ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊
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MVPMC tarafından
Williams Fractals Ultimate (Donchian Adjusted)Williams Fractals Ultimate (Donchian Adjusted) Understanding Williams Fractals Williams Fractals are a simple yet powerful tool used to identify potential turning points in the market. They highlight local highs (up fractals) and local lows (down fractals) based on a set period. An up fractal appears when a price peak is higher than the surrounding prices. A down fractal appears when a price low is lower than the surrounding prices. Fractals help traders spot support and resistance levels, potential trend reversals, and price breakout zones. Why Adjust Fractals with the Donchian Channel? The standard Williams Fractals method identifies local highs and lows without considering broader market context. This script enhances fractal accuracy by integrating the Donchian Channel, which tracks the highest highs and lowest lows over a set period. - The Donchian Baseline is calculated as the average of the highest high and lowest low over a selected period. - Fractals are filtered based on this baseline: Up Fractals are only shown if they are above the Donchian baseline. Down Fractals are only shown if they are below the Donchian baseline. This filtering method removes weak signals and ensures that only relevant fractals aligned with market structure are displayed. Key Features of the Script Customizable Fractal & Donchian Periods – Allows traders to fine-tune fractal sensitivity. Donchian-Based Filtering – Reduces noise and highlights meaningful fractals. Fractal ZigZag Line (Optional) – Helps visualize price swings more clearly. Why Is This So Effective? Stronger trend signals – Filtering with the Donchian baseline eliminates unreliable fractals. Clearer price action – The optional ZigZag line visually connects significant highs and lows. Easy trend identification – Helps traders confirm breakout zones and key price levels. This script is a technical analysis tool and does not guarantee profitable trades. Always combine it with other indicators and risk management strategies before making trading decisions.
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Julien_Eche tarafından
14
One Trading Setup for Life ICT [TradingFinder] Sweep Session FVG🔵 Introduction ICT One Trading Setup for Life is a trading strategy based on liquidity and market structure shifts, utilizing the PM Session Sweep to determine price direction. In this strategy, the market first forms a price range during the PM Session (from 13:30 to 16:00 EST), which includes the highest high (PM Session High) and lowest low (PM Session Low). In the next session, the price first touches one of these levels to trigger a Liquidity Hunt before confirming its trend by breaking the Change in State of Delivery (CISD) Level. After this confirmation, the price retraces toward a Fair Value Gap (FVG) or Order Block (OB), which serve as the best entry points in alignment with liquidity. In financial markets, liquidity is the primary driver of price movement, and major market participants such as institutional investors and banks are constantly seeking liquidity at key levels. This process, known as Liquidity Hunt or Liquidity Sweep, occurs when the price reaches an area with a high concentration of orders, absorbs liquidity, and then reverses direction. In this setup, the PM Session range acts as a trading framework, where its highs and lows function as key liquidity zones that influence the next session’s price movement. After the New York market opens at 9:30 EST, the price initially breaks one of these levels to capture liquidity. However, for a trend shift to be confirmed, the CISD Level must be broken. Once the CISD Level is breached, the price retraces toward an FVG or OB, which serve as optimal trade entry points. Bullish Setup : Bearish Setup : 🔵 How to Use In this strategy, the PM Session range is first identified, which includes the highest high (PM Session High) and lowest low (PM Session Low) between 13:30 and 16:00 EST. In the following session, the price touches one of these levels for a Liquidity Hunt, followed by a break of the Change in State of Delivery (CISD) Level. The price then retraces toward a Fair Value Gap (FVG) or Order Block (OB), creating a trading opportunity. This process can occur in two scenarios : bearish and bullish setups. 🟣 Bullish Setup In a bullish scenario, the PM Session High and PM Session Low are identified. In the following session, the price first breaks the PM Session Low, absorbing liquidity. This process results in a Fake Breakout to the downside, misleading retail traders into taking short positions. After the Liquidity Hunt, the CISD Level is broken, confirming a trend reversal. The price then retraces toward an FVG or OB, offering an optimal long entry opportunity. The initial take-profit target is the PM Session High, but if higher timeframe liquidity levels exist, extended targets can be set. The stop-loss should be placed below the Fake Breakout low or the first candle of the FVG. 🟣 Bearish Setup In a bearish scenario, the market first defines its PM Session High and PM Session Low. In the next session, the price initially breaks the PM Session High, triggering a Liquidity Hunt. This movement often causes a Fake Breakout, misleading retail traders into taking incorrect positions. After absorbing liquidity, the CISD Level breaks, indicating a shift in market structure. The price then retraces toward an FVG or OB, offering the best short entry opportunity. The initial take-profit target is the PM Session Low, but if additional liquidity exists on higher timeframes, lower targets can be considered. The stop-loss should be placed above the Fake Breakout high or the first candle of the FVG. 🔵 Setting CISD Bar Back Check : The Bar Back Check option enables traders to specify the number of past candles checked for identifying the CISD Level, enhancing CISD Level accuracy on the chart. Order Block Validity : The number of candles that determine the validity of an Order Block. FVG Validity : The duration for which a Fair Value Gap remains valid. CISD Level Validity : The duration for which a CISD Level remains valid after being broken. New York PM Session : Defines the PM Session range from 13:30 to 16:00 EST. New York AM Session : Defines the AM Session range from 9:30 to 16:00 EST. Refine Order Block : Enables finer adjustments to Order Block levels for more accurate price responses. Mitigation Level OB : Allows users to set specific reaction points within an Order Block, including: Proximal: Closest level to the current price. 50% OB: Midpoint of the Order Block. Distal: Farthest level from the current price. FVG Filter : The Judas Swing indicator includes a filter for Fair Value Gap (FVG), allowing different filtering based on FVG width: FVG Filter Type: Can be set to "Very Aggressive," "Aggressive," "Defensive," or "Very Defensive." Higher defensiveness narrows the FVG width, focusing on narrower gaps. Mitigation Level FVG : Like the Order Block, you can set price reaction levels for FVG with options such as Proximal, 50% OB, and Distal. Demand Order Block : Enables or disables bullish Order Block. Supply Order Block : Enables or disables bearish Order Blocks. Demand FVG : Enables or disables bullish FVG. Supply FVG : Enables or disables bearish FVGs. Show All CISD : Enables or disables the display of all CISD Levels. Show High CISD : Enables or disables high CISD levels. Show Low CISD : Enables or disables low CISD levels. 🔵 Conclusion The ICT One Trading Setup for Life is a liquidity-based strategy that leverages market structure shifts and precise entry points to identify high-probability trade opportunities. By focusing on PM Session High and PM Session Low, this setup first captures liquidity at these levels and then confirms trend shifts with a break of the Change in State of Delivery (CISD) Level. Entering a trade after a retracement to an FVG or OB allows traders to position themselves at optimal liquidity levels, ensuring high reward-to-risk trades. When used in conjunction with higher timeframe bias, order flow, and liquidity analysis, this strategy can become one of the most effective trading methods within the ICT Concept framework. Successful execution of this setup requires risk management, patience, and a deep understanding of liquidity dynamics. Traders can enhance their confidence in this strategy by conducting extensive backtesting and analyzing past market data to optimize their approach for different assets.
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TFlab tarafından
3
Wick Volume AlertThis indicator is intended to find a possible price reversal and is well suited for scalping in the smaller timeframes from 1 to 15min chart. It is important to use it in conjunction with other indicators such as order blocks or price levels. The advantage over other Wick indicators is that volume is also taken into account. Unfortunately, the markers on the chart do not work properly as they do not attach themselves when moving vertically. I would be happy if someone could fix the problem, as I am not a professional in Pine scripting.
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Shazam77 tarafından
2
Exponential Avg Body Size Green vs RedDescription : This indicator calculates and plots the Exponential Moving Average (EMA) of green and red candlestick body sizes, allowing traders to easily visualize market momentum and sentiment shifts. The script includes the following features: Customizable EMA Period: Users can set the number of candles to calculate the EMA through an input setting, with a default value of 21. Separate Green and Red Candle Averages: Differentiates between bullish (green) and bearish (red) candlestick movements, plotting them as distinct lines. Dynamic Range Control: Users can adjust the chart range (e.g., -50 to 50) for better visibility of the plotted lines. Baseline for Reference: A horizontal baseline at 0 serves as a visual aid for easier interpretation. Standalone Indicator Pane: The script is designed to display in a separate pane, preventing overlap with the price chart. Use Case: This indicator is ideal for traders seeking to analyze the relative strength of bullish versus bearish price movements over a specific period. The separation of green and red averages helps identify trends, potential reversals, or shifts in momentum.
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Maharshinotpro tarafından
1
Three-Bar Reversal SignalThis indicator is a simple setup of Three Bar Reversal. Logic of the code is as below. Rules : Long Setup Bar 1 closes down Low of Bar 2 is below the low of Bar 1 (and Bar 3) Bar 3 closes above the high of both Bar 1 and Bar 2 Buy at the close of Bar 3 Short Setup Bar 1 closes up High of Bar 2 is above the high of Bar 1 (and Bar 3) Bar 3 closes below the low of both Bar 1 and Bar 2 Sell at the close of Bar 3
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vireen-topstep-trader tarafından
2
VWAP Bands [UAlgo]The "VWAP Bands " indicator is designed to provide traders with valuable insights into market trends and potential support/resistance levels using Volume Weighted Average Price (VWAP) bands. This indicator integrates the core concepts of VWAP with additional trend analysis features, making it a versatile tool for both range trading and trend-following strategies. The VWAP bands are plotted based on the standard deviation multipliers, creating upper and lower bands around the VWAP. These bands serve as dynamic support and resistance levels. When the price approaches these bands, traders can anticipate potential reversals or continuations of the current trend. Additionally, the indicator provides visual cues for trend strength and potential trend changes, helping traders make informed decisions in various market conditions. 🔶 Settings Source (Data Source): The data source for VWAP calculations. The default setting is the typical price (HLC3), which is the average of the high, low, and close prices. Length: The number of bars used in the VWAP calculation. This determines the lookback period for the indicator. Standard Deviation Multiplier: The multiplier applied to the standard deviation to create the primary upper and lower VWAP bands. This setting controls the distance of the bands from the VWAP. Secondary Standard Deviation Multiplier: The multiplier applied to the standard deviation to create the secondary upper and lower VWAP bands, providing additional levels of support and resistance. Display Trend: A toggle to enable or disable the display of the trend analysis feature. When enabled, the indicator highlights trend strength and potential trend changes. Display Trend Crossovers: A toggle to enable or disable the display of trend crossover signals. When enabled, the indicator plots shapes to indicate where trend switches are likely occurring. 🔶 Calculations The calculations behind the "VWAP Bands " indicator begin with determining the Volume Weighted Average Price (VWAP), which provides a comprehensive view of the average price of an asset, weighted by trading volume. This gives a more accurate representation of the asset's true average price over a specified period. The first step in this process involves summing the trading volume over a chosen period, typically represented by the length parameter. Simultaneously, the product of the price (usually an average of the high, low, and close prices) and the trading volume is calculated and summed. By dividing this cumulative price-volume product by the total volume, we obtain the VWAP value. This VWAP serves as the central anchor around which the price action oscillates. To enhance the utility of VWAP, we introduce standard deviation calculations. Standard deviation measures the extent of price dispersion from the VWAP, providing insight into price volatility. By calculating the variance (which involves the squared deviations of price) and then taking its square root, we derive the standard deviation. This helps in understanding how far prices typically stray from the VWAP. With the VWAP and standard deviation in hand, we then establish upper and lower bands by adding and subtracting multiples of the standard deviation from the VWAP. These bands act as dynamic support and resistance levels, adapting to changes in market volatility. The primary bands, set by the first standard deviation multiplier, are augmented by secondary bands defined by a larger multiplier, offering additional layers of potential support and resistance. It also integrates trend analysis, highlighting areas where the price action suggests a strong or weak trend. This is achieved by overlaying colored zones above and below the bands, indicating the strength and direction of the trend. When the price crosses these bands, it signals potential trend changes, aiding traders in making timely decisions. 🔶 Disclaimer The "VWAP Bands " indicator is provided for educational and informational purposes only. It is not intended as financial advice and should not be construed as such. Trading involves significant risk and may not be suitable for all investors. Before using this indicator or making any investment decisions, it is important to conduct thorough research and consider your financial situation.
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UAlgo tarafından
Crypto Realized Profits/Losses Extremes [AlgoAlpha]🌟🚀 Introducing the Crypto Realized Profits/Losses Extremes Indicator by AlgoAlpha 🚀🌟 Unlock the potential of cryptocurrency markets with our cutting-edge On-Chain Pine Script™ indicator, designed to highlight extreme realized profit and loss zones! 🎯📈 Key Features: ✨ Realized Profits/Losses Calculation: Uses real-time data from the blockchain to monitor profit and loss realization events. 📊 Multi-Crypto Compatibility: The Indicator is compatible on other Crypto tickers besides Bitcoin. ⚙️ Customizable Sensitivity: Adjust the look-back period, normalization period, and deviation thresholds to tailor the indicator to your trading style. 🎨 Visual Enhancements: Choose from a variety of colors for up and down trends, and toggle extreme profit/loss overlay for easy viewing. 🔔 Integrated Alerts: Set up alerts for high and extreme profit or loss conditions, helping you stay ahead of significant market movements. 🔍 How to Use: 🛠 Add the Indicator: Add the indicator to favorites. Customize settings like period lengths and deviation thresholds according to your needs. 📊 Market Analysis: Monitor the main oscillator and the bands to understand current profit and loss extremes in the market. When the oscillator is at the upper band, this means that the market is doing really well and traders/investors will be likely to take profit and cause a reversal. The opposite is true when the oscillator reaches the lower band. The main oscillator can also be used for trend analysis. 🔔 Set Alerts: Configure alerts to notify you when the market enters a zone of high profit or loss, or during trend changes, enabling timely decisions without constant monitoring. How It Works: The indicator calculates a normalized area under the RSI curve applied on on-chain data regarding the number of wallets in profit. It employs a custom "src" variable that aggregates data from the blockchain about profit and loss addresses, adapting to intraday or longer timeframes as needed. The main oscillator plots this normalized area, while the upper and lower bands are plotted based on a deviation metric to identify extreme conditions. Colored fills between these bands visually denote these zones. For interaction, the indicator plots bubbles for extreme profits or losses and provides optional bar coloring to reflect the current market trend. 🚀💹 Enjoy a comprehensive, customizable, and visually engaging tool that helps you stay ahead in the fast-paced crypto market!
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AlgoAlpha tarafından
5
Fibonacci Ranges (Real-Time) [LuxAlgo]The "Fibonacci Ranges" indicator combines Fibonacci ratio-derived ranges (channels), together with a Fibonacci pattern of the latest swing high/low. 🔶 USAGE The indicator draws real-time ranges based on Fibonacci ratios as well as retracements. Breakouts from a Fibonacci Channel are also indicated by labels, indicating a potential reversal. Each range extremity/area can also be used as support/resistance. 🔶 CONCEPTS Fibonacci Channels Latest Fibonacci Both, Latest Fibonacci and Fibonacci Channels , display different Fibonacci levels (labels not included in the code): However, the 2 react in a totally different way. 🔹 Fibonacci Channels 2 conditions must be fulfilled until a Fibonacci Channel is displayed: New swing high/low close has to be between chosen limits/levels ( Break level ) As visual guidance, chosen Break levels are accentuated by 2 small gray blocks: Once the channel is displayed, it will remain visible until x consecutive bars break out of the chosen Break level at closing time. • x consecutive bars is set by Break count . The amount of breaks is counted in the code. When the price, without breaking the user-set limit, closes back between the 2 levels, the count is reset to 0. By enabling Channels and Shadows you can see previous channels (" Shadows ", which is always delayed with 1 bar) Previous channels can be helpful in finding potential support/resistance areas, especially from large channel blocks The more narrow Break levels are set the less chance the price closes between these 2 levels, and the quicker close breaks out. In other words, narrow levels give fewer & smaller channels, broader levels give more & larger channels. Note: • swing settings: L & R • Break count (x consecutive bars that close outside chosen levels to invalidate the Fibonacci Channel ) will also be of influence in displaying the channels. • Show breaks enable you to visualize signals when there is a break: • Alerts can also be set ( Break Down / Break Up ) 🔹 Latest Fibonacci This displays the Fibonacci levels between the latest swing high and swing low, independently from the Fibonacci Channel . The Lastest Fibonacci can be helpful in detecting the current trend against the larger Fibonacci Channel . 🔶 SETTINGS 🔹 Swing Settings L: set left of pivothigh / pivotlow R: set right of pivothigh / pivotlow 🔹 Fibonacci Channels Channel : Channel / Channels + Shadows / None Break level -0.382 - 1.382   0.000 - 1.000   0.236 - 0.764   0.382 - 0.618 Break count 🔹 Fibonacci Toggle Colours: [ -0.382 - 0 ], [ 0.236 - 0.382 ], [ 0.5 ], [ 0.618 - 0.764 ], [ 1 - 1.382 ]
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LuxAlgo tarafından
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