6F Signals (With Labels)6F Signals (With Labels)
This TradingView indicator plots potential buy and sell signals.
Signals
- Buy signals: "Buy: " labels appear below the bar.
- Sell signals: "Sell: " labels appear above the bar.
Perfect for traders looking for straightforward, labeled entry and exit points directly on their price chart!
"signal" için komut dosyalarını ara
Cumulative Price Change AlertCumulative Price Change Alert
Version: 1.0
Author: QCodeTrader 🚀
Overview 🔍
The Cumulative Price Change Alert indicator analyzes the percentage change between the current and previous open prices and sums these changes over a user-defined number of bars. It then generates visual buy and sell signals using arrows and labels on the chart, helping traders spot cumulative price momentum and potential trading opportunities.
Key Features ⚙️
Customizable Timeframe 🕒:
Use a custom timeframe or default to the chart's timeframe for price data.
User-Defined Summation 🔢:
Specify the number of bars to sum, allowing you to analyze cumulative price changes.
Custom Buy & Sell Conditions 🔔:
Set individual percentage change thresholds and cumulative sum thresholds to tailor signals for
your strategy.
Visual Alerts 🚀:
Displays green upward arrows for buy signals and red downward arrows for sell signals directly
on the chart.
Informative Labels 📝:
Provides labels with formatted percentage change and cumulative sum details for the analyzed
bars.
Versatile Application 📊:
Suitable for stocks, forex, crypto, commodities, and more.
How It Works ⚡
Price Change Calculation ➗:
The indicator calculates the percentage change between the current bar's open price and the
previous bar's open price.
Cumulative Sum ➕:
It then sums these percentage changes over the last N bars (as specified by the user).
Signal Generation 🚦:
Buy Signal 🟢: When both the individual percentage change and the cumulative sum exceed
their respective buy thresholds, a green arrow and label are displayed.
Sell Signal 🔴: Conversely, if the individual change and cumulative sum fall below the sell
thresholds, a red arrow and label are shown.
How to Use 💡
Add the Indicator ➕:
Apply the indicator to your chart.
Customize Settings ⚙️:
Set a custom timeframe if desired.
Define the number of bars to sum.
Adjust the buy/sell percentage change and cumulative sum thresholds to match your trading
strategy.
Interpret Visual Cues 👀:
Monitor the chart for green or red arrows and corresponding labels that signal potential buy or
sell opportunities based on cumulative price movements.
Settings Explained 🛠️
Custom Timeframe:
Select an alternative timeframe for analysis, or leave empty to use the current chart's timeframe.
Number of Last Bars to Sum:
Determines how many bars are used to compute the cumulative percentage change.
Buy Condition - Min % Change:
The minimum individual percentage change required to consider a buy signal.
Buy Condition - Min Sum of Bars:
The minimum cumulative percentage change over the defined bars needed for a buy signal.
Sell Condition - Max % Change:
The maximum individual percentage change threshold for a sell signal.
Sell Condition - Max Sum of Bars:
The maximum cumulative percentage change over the defined bars for triggering a sell signal.
Best Use Cases 🎯
Momentum Identification 📈:
Quickly spot strong cumulative price movements and momentum shifts.
Entry/Exit Signals 🚪:
Use the visual signals to determine potential entry and exit points in your trading.
Versatile Strategy Application 🔄:
Effective for scalping, swing trading, and longer-term analysis across various markets.
UPD: uncheck labels for better performance
Trade Quality Rating: signal rating from 1 to 5 starsOverview
The indicator is built to generate trading signals based on a combination of technical indicators and then assign each signal a quality rating from 1 to 5 stars. The idea is that the more filters that are met, the stronger (or higher quality) the signal is assumed to be. You can then use these quality ratings to decide which signals to act upon, keeping in mind that a higher-rated signal has more confirming factors.
Components of the Indicator
Simple Moving Averages (SMAs):
SMA9 and SMA20:
These two moving averages are used to detect short-term trend changes via crossovers. A bullish signal is generated when the SMA9 crosses above the SMA20, and a bearish signal when it crosses below.
SMA200 (on the current timeframe) & Daily SMA200:
The SMA200 on your current chart helps smooth out the price action.
The Daily SMA200 serves as a long-term trend filter. For a valid long signal, the price must be above the Daily SMA200, and vice versa for a short signal.
MACD (Moving Average Convergence Divergence):
The MACD is calculated using standard parameters (12, 26, 9).
It adds momentum confirmation to the signal. For a long trade, the MACD line should be above its signal line, and for a short trade, below.
RSI (Relative Strength Index):
Calculated with a 14-period setting.
For long signals, the RSI must be above 50 (indicating upward momentum), while for short signals, it should be below 50.
This filter is one of the additional conditions that add to the quality rating.
Volume Filter:
A 20-period moving average of volume is computed.
The current volume must exceed this average, suggesting that there is enough market participation backing the move.
This is another extra filter that adds to the overall quality score.
ADX (Average Directional Index):
The ADX is manually calculated in the script (using a 14-period setting) to gauge the strength of the trend.
A value above 25 is considered to confirm that a strong trend is in place, making the signal more reliable.
VWAP (Volume Weighted Average Price):
The session VWAP is computed on a daily basis.
For long trades, the price should be above the VWAP, and for short trades, below.
This serves as a confirmation that the current price is moving in the right direction relative to the volume-weighted average.
Signal Generation and Quality Rating
Base Signal (1 Star):
The fundamental trade signal is generated when the SMA9/SMA20 crossover occurs, in combination with the MACD confirmation and the condition that the price is on the correct side of the Daily SMA200. This base signal provides a 1-star quality rating.
Additional Filters (Adding Extra Stars):
RSI Filter: Adds 1 extra star if the RSI condition is met (RSI > 50 for long or RSI < 50 for short).
Volume Filter: Adds 1 extra star if the current volume exceeds its 20-period moving average.
ADX Filter: Adds 1 extra star if the ADX value is above 25, confirming a strong trend.
VWAP Filter: Adds 1 extra star if the price is above the VWAP for long trades (or below for short trades).
When all filters are met, you get a 5-star rating (1 star base + 4 extra stars).
Display and Alerts:
The indicator plots your SMAs on the chart.
When a signal occurs, it places a label on the chart showing the trade direction ("BUY" or "SELL") along with the quality rating in stars.
Additionally, alert conditions are set up so that you can receive notifications when a valid signal (based on the base criteria) is generated.
How to Use This Indicator
Filtering Trades:
Use the quality rating as a visual guide. For instance, if you want to only act on the most reliable setups, you might decide to trade only signals that are rated 4 or 5 stars.
Manual Confirmation:
Even with a high star rating, you can perform your own final checks (e.g., checking price action or additional chart patterns) before entering a trade.
Backtesting and Adjustment:
Because market conditions differ, it’s advisable to backtest the indicator on your instrument of choice and adjust the parameters (such as the ADX threshold or the period for volume averaging) to better suit your trading style.
Conclusion
This 5-star system indicator is designed to provide a comprehensive overview of trade quality by integrating multiple technical filters into one visual signal. It helps filter out noise by ensuring that a trade signal not only meets a basic SMA and MACD condition but also aligns with volume, trend strength (ADX), and VWAP criteria. This multi-layered approach can lead to fewer but higher quality trades, allowing you to focus on setups that have more confluence.
Happy trading!
Smart Adaptive Signal SystemSmart Adaptive Signal System
Description: The Smart Adaptive Signal System is a sophisticated indicator that generates intelligent buy/sell signals by dynamically adapting to market conditions. It predicts target prices based on momentum and volatility, providing more accurate and reliable trading opportunities.
How It Works:
Dynamic Signal Generation: The system predicts target prices by considering factors such as volatility and momentum. This allows it to react instantly to trend changes and market fluctuations.
Adaptive Thresholds: Buy and sell signals are triggered with adaptive thresholds, adjusting according to market volatility. This ensures flexibility in the face of sudden market changes.
Trend-Based Reset: Users can choose to reset threshold values based on a time interval or trend change. This feature helps the system re-adapt to current market conditions for greater accuracy.
Target Price Prediction: Target prices are calculated using momentum and volatility, helping the system predict future price movements.
How to Use:
Buy/Sell Signals: The indicator generates buy and sell signals based on market conditions. Look for a "down arrow" for a buy signal and an "up arrow" for a sell signal on the chart.
Target Price Lines: Along with buy and sell signals, the system draws target price lines. This helps you visualize potential future price levels.
Flexible Settings: Users can customize analysis periods, minimum change percentages, and other parameters to fit their needs.
Features:
Dynamic buy and sell signals
Target price predictions
Volatility and momentum-based analysis
User-friendly and flexible settings
Trend-based adaptive resetting
Alerts: The Smart Adaptive Signal System responds quickly to sudden market changes, but always use it in conjunction with other indicators like support and resistance levels. Signal accuracy may vary depending on market conditions.
Anchored VWAP with Buy/Sell SignalsAnchored VWAP Calculation:
The script calculates the AVWAP starting from a user-defined anchor point (anchor_date).
The AVWAP is calculated using the formula:
AVWAP
=
∑
(
Volume
×
Average Price
)
∑
Volume
AVWAP=
∑Volume
∑(Volume×Average Price)
where the average price is
(
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i
g
h
+
l
o
w
+
c
l
o
s
e
)
/
3
(high+low+close)/3.
Buy Signal:
A buy signal is generated when the price closes above the AVWAP (ta.crossover(close, avwap)).
Sell Signal:
A sell signal is generated when the price closes below the AVWAP (ta.crossunder(close, avwap)).
Plotting:
The AVWAP is plotted on the chart.
Buy and sell signals are displayed as labels on the chart.
Background Highlighting:
The background is highlighted in green for buy signals and red for sell signals (optional).
Support and Resistance with Buy/Sell SignalsSwing Highs and Lows:
The script identifies swing highs and lows using the ta.highest and ta.lowest functions over a user-defined swing_length period.
Swing highs are treated as resistance levels.
Swing lows are treated as support levels.
Buy Signal:
A buy signal is generated when the price closes above the resistance level (ta.crossover(close, swing_high)).
Sell Signal:
A sell signal is generated when the price closes below the support level (ta.crossunder(close, swing_low)).
Plotting:
Support and resistance levels are plotted on the chart.
Buy and sell signals are displayed as labels on the chart.
Background Highlighting:
The background is highlighted in green for buy signals and red for sell signals (optional).
Phase Cross Strategy with Zone### Introduction to the Strategy
Welcome to the **Phase Cross Strategy with Zone and EMA Analysis**. This strategy is designed to help traders identify potential buy and sell opportunities based on the crossover of smoothed oscillators (referred to as "phases") and exponential moving averages (EMAs). By combining these two methods, the strategy offers a versatile tool for both trend-following and short-term trading setups.
### Key Features
1. **Phase Cross Signals**:
- The strategy uses two smoothed oscillators:
- **Leading Phase**: A simple moving average (SMA) with an upward offset.
- **Lagging Phase**: An exponential moving average (EMA) with a downward offset.
- Buy and sell signals are generated when these phases cross over or under each other, visually represented on the chart with green (buy) and red (sell) labels.
2. **Phase Zone Visualization**:
- The area between the two phases is filled with a green or red zone, indicating bullish or bearish conditions:
- Green zone: Leading phase is above the lagging phase (potential uptrend).
- Red zone: Leading phase is below the lagging phase (potential downtrend).
3. **EMA Analysis**:
- Includes five commonly used EMAs (13, 26, 50, 100, and 200) for additional trend analysis.
- Crossovers of the EMA 13 and EMA 26 act as secondary buy/sell signals to confirm or enhance the phase-based signals.
4. **Customizable Parameters**:
- You can adjust the smoothing length, source (price data), and offset to fine-tune the strategy for your preferred trading style.
### What to Pay Attention To
1. **Phases and Zones**:
- Use the green/red phase zone as an overall trend guide.
- Avoid taking trades when the phases are too close or choppy, as it may indicate a ranging market.
2. **EMA Trends**:
- Align your trades with the longer-term trend shown by the EMAs. For example:
- In an uptrend (price above EMA 50 or EMA 200), prioritize buy signals.
- In a downtrend (price below EMA 50 or EMA 200), prioritize sell signals.
3. **Signal Confirmation**:
- Consider combining phase cross signals with EMA crossovers for higher-confidence trades.
- Look for confluence between the phase signals and EMA trends.
4. **Risk Management**:
- Always set stop-loss and take-profit levels to manage risk.
- Use the phase and EMA zones to estimate potential support/resistance areas for exits.
5. **Whipsaws and False Signals**:
- Be cautious in low-volatility or sideways markets, as the strategy may generate false signals.
- Use additional indicators or filters to avoid entering trades during unclear market conditions.
### How to Use
1. Add the strategy to your chart in TradingView.
2. Adjust the input settings (e.g., smoothing length, offsets) to suit your trading preferences.
3. Enable the strategy tester to evaluate its performance on historical data.
4. Combine the signals with your own analysis and risk management plan for best results.
This strategy is a versatile tool, but like any trading method, it requires proper understanding and discretion. Always backtest thoroughly and trade with discipline. Let me know if you need further assistance or adjustments to the strategy!
BTC Trendline Patterns with Signals BTC Trendline Patterns with Signals
This custom Pine Script indicator automatically detects key pivot points in Bitcoin price action and draws support and resistance trendlines. The indicator provides buy (long) and sell (short) signals when these trendlines are broken. This can help traders identify potential breakout opportunities and trend reversals based on established price levels.
Features:
Pivot Point Detection: Automatically identifies pivot highs and lows in the price chart, based on customizable parameters (Pivot Left and Pivot Right).
Support and Resistance Trendlines: Draws trendlines based on the identified pivot points. These lines represent significant price levels where price may experience support or resistance.
Breakout Signals: Provides buy (long) and sell (short) signals when the price breaks above the resistance trendline (for buy signals) or below the support trendline (for sell signals).
Customizable Pivot Lengths: Adjust the number of bars considered for determining pivot points using the Pivot Left and Pivot Right input parameters.
How it Works:
Pivot Detection: The script identifies the highest high (pivotHigh) and the lowest low (pivotLow) within a specific range of bars (defined by Pivot Left and Pivot Right).
Trendline Plotting: Once pivots are detected, the script draws resistance (red) and support (green) trendlines connecting the most recent pivots. These trendlines act as dynamic support and resistance levels.
Breakout Signals: The script generates signals:
BUY (Long): Triggered when the price breaks above the most recent resistance trendline.
SELL (Short): Triggered when the price breaks below the most recent support trendline.
Parameters:
Pivot Left: Number of bars to the left of the pivot point to consider.
Pivot Right: Number of bars to the right of the pivot point to consider.
Line Width: Customizable line width for drawing trendlines.
Ideal Use:
Timeframes: This indicator works well on timeframes ranging from 1-minute to daily charts. For best results, use it on 1-hour, 4-hour, or daily charts.
Strategy: Ideal for breakout traders or trend-following strategies. Use it to identify potential entry points when price breaks key levels of support or resistance.
Example Use Case:
Swing Traders: Traders looking for potential breakouts can use this script to identify key levels in the market and wait for the price to break through resistance for a long trade or support for a short trade.
Day Traders: For those looking to enter and exit trades in a single day, this indicator can help pinpoint areas of support and resistance, and provide actionable signals when price breaks those levels.
Disclaimer:
This script is not a guarantee of success and should be used in conjunction with other technical analysis tools. Always perform additional research and backtesting before live trading.
Important Notes:
The pivot points and trendlines may adjust dynamically as the price evolves. Adjust the pivot settings to suit the volatility and timeframe of the market you're trading.
This indicator works best when combined with other indicators such as volume, RSI, or MACD for confirmation.
How to Use:
Add the indicator to your chart.
Adjust the Pivot Left and Pivot Right parameters to fine-tune the pivot point detection.
Monitor for trendline breakouts. When the price breaks above the resistance line, a BUY signal will appear. When the price breaks below the support line, a SELL signal will appear.
Use the signals to enter trades at the right moment.
Final Notes:
If you're submitting to TradingView for publishing, keep your description clear and informative, but also concise. Traders need to quickly understand how your indicator works, what parameters they can adjust, and how it might fit into their trading strategy.
Dynamic Signal EngineDynamic Signal Engine
The Dynamic Signal Engine is a powerful and versatile indicator, designed to help traders make informed decisions by combining trend analysis with key support and resistance levels. This tool is inspired by the Linear Regression Oscillator , which laid the foundation for this enhanced implementation. By building on the original concept, this script introduces additional features, customization, and integration with dynamic trading strategies to suit diverse trading styles.
Key Features
Inspiration and Foundation
This indicator draws inspiration from the Linear Regression Oscillator , leveraging its robust trend detection capabilities while adding custom enhancements for broader functionality and user adaptability.
Trading Style Customization
Adaptable for Scalping, Intraday, and Swing Trading with dynamic parameter adjustments for each style.
User-defined inputs for thresholds, lookback periods, and visualization options provide further control.
Enhanced Linear Regression Oscillator (LRO)
A refined implementation of the LRO calculates deviations from a regression line, normalized for improved trend detection.
Identifies bullish and bearish crossovers with added alerts and visual markers.
Includes proximity alerts for critical thresholds to help traders anticipate key market movements.
Dynamic Support and Resistance Integration
Incorporates ENIGMA Signal Logic to identify swing highs and lows, dynamically marking them as fractal support and resistance levels.
When a sell signal from ENIGMA is generated, traders can choose to sell immediately or use the low of the previous candle as the entry point. Similarly, for a buy signal, traders can buy immediately or use the high of the previous candle for entry. These signals are visually indicated by a green triangle for buy signals, ensuring clear and actionable insights.
Advanced Visualization
Displays key levels with customizable horizontal lines (solid, dashed, or dotted) and labels for clarity.
Candle colours and mini arrows highlight trends and potential trading opportunities.
Real-Time Alerts
Alerts for LRO threshold crossings and swing-level breaches keep you updated without the need for constant monitoring.
Optimized for Usability
Designed to keep charts clean by limiting displayed trades and signals to recent activity.
Adjustable parameters ensure flexibility and a user-friendly experience.
How It Works
Trend Detection with Enhanced LRO
The indicator builds on the Linear Regression Oscillator , calculating oscillations of price movements and normalizing them for trend analysis. Crossovers and threshold proximity are visualized on the chart and trigger alerts for potential market shifts.
Dynamic Support and Resistance Levels
The ENIGMA Signal Logic identifies recent swing highs and lows, marking them as key levels. These levels are dynamically updated as new swing points are detected, providing actionable support and resistance zones.
Signal Confirmation
Buy or sell signals are confirmed when:
Price breaches the swing levels.
The LRO aligns with directional bias (e.g., bearish crossover for sell signals).
Signals are further clarified by ENIGMA's green triangle indicators, showing key buy and sell opportunities.
Visualization and Alerts
Signals are displayed using arrows, labelled horizontal lines, and optional candle colours. Alerts notify traders of key events, such as LRO threshold crossings or swing-level breaches.
How to Use
Choose your Trading Style: Scalping, Intraday, or Swing Trading. The indicator adjusts its default settings automatically.
Fine-tune parameters like LRO thresholds, line lengths, and the number of visible trades to suit your preferences.
Observe the chart for signals:
Green arrows and lines indicate buy opportunities.
Red arrows and lines signal sell opportunities.
Use the alert system to stay informed about LRO thresholds and signal confirmations.
Integrate the indicator with your existing trading strategy for better decision-making.
Acknowledgement
This script was inspired by the Linear Regression Oscillator . While it builds on the core concept, this implementation introduces unique enhancements, such as dynamic signal integration, trading style adaptability, and advanced visualization tools, making it a highly customizable and versatile tool for traders.
Disclaimer
This indicator is intended for educational purposes only and should not be considered financial advice. Always perform due diligence and apply appropriate risk management when trading.
RSI + Normalized Fisher Transform with SignalsThis indicator combines three tools for market analysis: the Relative Strength Index (RSI), the RSI's moving average, and the Fisher Transform. RSI is a momentum oscillator that measures the speed and change of price movements, helping identify overbought and oversold conditions. The RSI moving average is a smoothed version of the RSI that filters noise and confirms trends. The Fisher Transform is a mathematical technique that transforms price data into a Gaussian normal distribution, making it easier to identify turning points. It has been normalized to the same scale as the RSI (0-100) for consistency.
Purpose
The goal of this indicator is to identify potential buy and sell opportunities with varying degrees of strength (strong and weak). By combining the RSI, its moving average, and the Fisher Transform, the indicator ensures signals are based on both momentum and reversals, making it highly versatile across different market conditions.
Key Features
This indicator provides strong and weak buy and sell signals. A strong buy occurs when the RSI crosses above its moving average while both the RSI and its moving average are oversold (below the default threshold of 30), and the Fisher Transform reverses direction within the same or prior bar while also being oversold. A weak buy occurs when the Fisher Transform is oversold, and the RSI crosses above its moving average while its value is between the default oversold threshold (30) and 50. A strong sell occurs when the RSI crosses below its moving average while both the RSI and its moving average are overbought (above the default threshold of 70), and the Fisher Transform reverses direction within the same or prior bar while also being overbought. A weak sell occurs when the Fisher Transform is overbought, and the RSI crosses below its moving average while its value is between 50 and the default overbought threshold (70).
The indicator includes customizable thresholds and lengths. Users can adjust the oversold and overbought thresholds to suit their trading style. The RSI length, moving average length, and Fisher Transform length are also customizable. The Fisher Transform is scaled to the RSI’s range of 0-100 to simplify analysis and signal interpretation.
How to Use the Indicator
On the chart, you will see the RSI line in blue, the RSI moving average in orange, and the Fisher Transform in purple. Horizontal lines at the default oversold (30) and overbought (70) levels mark critical zones for signals. Adjust these thresholds in the indicator settings as needed.
Strong buy signals are shown as larger, darker green arrows below the price. Weak buy signals are small lime arrows below the price. Strong sell signals are larger, darker red arrows above the price. Weak sell signals are small fuchsia arrows above the price.
Signal Interpretation
A strong buy indicates a highly favorable buying opportunity. This typically occurs when the asset is in a downtrend but shows signs of reversal, particularly in oversold zones. A weak buy suggests a potential buying opportunity but with less conviction, often when the market is neutral to slightly bearish but showing upward momentum. A strong sell indicates a highly favorable selling opportunity, usually occurring when the asset is in an uptrend but shows signs of reversal, particularly in overbought zones. A weak sell suggests a potential selling opportunity but with less conviction, often in neutral to slightly bullish markets showing downward momentum.
Practical Tips
Avoid using signals in isolation. Combine this indicator with other tools such as trendlines, moving averages, or support/resistance levels for greater accuracy. Adjust the parameters for different assets to match their volatility. For volatile assets, consider wider thresholds like 20/80 for oversold/overbought levels. For less volatile assets, tighter thresholds like 35/65 may be more appropriate. Use higher timeframes to confirm signals before trading on lower timeframes. Be cautious in sideways markets, as both RSI and the Fisher Transform perform better in trending conditions.
Instructions for Adjustments
To change the oversold or overbought levels, open the indicator settings by clicking the gear icon and modify the "Oversold Threshold" and "Overbought Threshold" values. To adjust lengths for RSI and Fisher Transform, update the "RSI Length," "RSI Moving Average Length," and "Fisher Transform Length" settings. If needed, toggle signal visibility by enabling or disabling specific arrows (Strong Buy, Weak Buy, Strong Sell, Weak Sell) in the "Style" tab.
Best Practices
Risk management is essential. Always set appropriate stop-loss levels and position sizes based on your risk tolerance. Backtest the indicator on historical data to understand its performance and behavior for your chosen asset and timeframe. Combining this indicator with volume or volatility analysis (Bollinger Band Width, for example) can help confirm signal validity.
This indicator simplifies decision-making by identifying high-probability trading opportunities using a combination of momentum, trend, and reversals. Follow these instructions to fully utilize its capabilities without needing to analyze the underlying code.
Advanced Pattern Detector**Script Overview**
**Indicator Name:** Advanced Pattern Detector
**Pine Script Version:** v5
**Indicator Type:** Overlaid on the chart (overlay=true)
**Main Features:**
- Detection and visualization of various technical patterns.
- Generation of BUY and SELL signals based on detected patterns.
- Display of Fibonacci levels to identify potential support and resistance levels.
- Ability to enable or disable each pattern through the indicator settings.
---
**Indicator Settings**
**Switches to Enable/Disable Patterns**
At the top of the indicator, there are parameters that allow the user to select which patterns will be displayed on the chart:
- Three Drives
- Rounding Top
- Rounding Bottom
- ZigZag Pattern
- Inverse Head and Shoulders
- Fibonacci Retracement
**Parameters for ZigZag**
Settings are also available for the ZigZag pattern, such as the depth of peak and trough detection, allowing the user to adjust the indicator's sensitivity to price changes.
---
**Pattern Detection**
Each pattern is implemented with its own logic, which checks specific conditions on the current bar (candle). Below are the main patterns:
1. **Three Drives**
- **Description:** This pattern consists of three consecutive price movements in one direction (up or down). It can signal the continuation of the current trend or its reversal.
- **How It Works:**
- **Upward Drive:** The indicator checks that the closing price of each subsequent candle is higher than the previous one for three bars.
- **Downward Drive:** The indicator checks that the closing price of each subsequent candle is lower than the previous one for three bars.
2. **Rounding Top**
- **Description:** A pattern representing a smooth decrease in maximum prices over several bars, which may indicate a potential downward trend reversal.
- **How It Works:**
- The indicator checks that the maximum prices of the last five bars are gradually decreasing, and the current bar shows a decrease in the maximum price.
3. **Rounding Bottom**
- **Description:** A pattern characterized by a smooth increase in minimum prices over several bars, signaling a possible upward trend reversal.
- **How It Works:**
- The indicator checks that the minimum prices of the last five bars are gradually increasing, and the current bar shows an increase in the minimum price.
4. **ZigZag Pattern**
- **Description:** Used to identify corrective movements on the chart. The pattern shows peak and trough points connected by lines, helping to visualize the main price movement.
- **How It Works:**
- The indicator uses a function to determine local maxima and minima based on the specified depth.
- Detected peaks and troughs are connected by lines to create a visual zigzag structure.
5. **Inverse Head and Shoulders**
- **Description:** An inverted head and shoulders formation signals a possible reversal of a downward trend to an upward one.
- **How It Works:**
- The indicator looks for three local minima: the left shoulder, the head (the lowest minimum), and the right shoulder.
- It checks that the left and right shoulders are approximately at the same level and below the head.
6. **Fibonacci Retracement Levels**
- **Description:** Automatically builds key Fibonacci levels based on the maximum and minimum prices over the last 50 bars. These levels are often used as potential support and resistance levels.
- **How It Works:**
- Daily, the minimum and maximum prices over the last 50 bars are calculated.
- Based on these values, Fibonacci levels are drawn: 100%, 23.6%, 38.2%, 50%, 61.8%, and 0%.
- Old levels are removed when a new day begins to keep the chart clean and up-to-date.
---
**Generation of Buy and Sell Signals**
The indicator combines the results of detected patterns to generate trading signals:
- **Buy Signals (BUY):**
- Rounding Bottom
- Three Drives Up
- Inverse Head and Shoulders
- ZigZag Low
- **Sell Signals (SELL):**
- Rounding Top
- Three Drives Down
- Inverse Head and Shoulders
- ZigZag High
**How It Works:**
- If one or more buy conditions are met, a "BUY" label is displayed below the corresponding bar on the chart.
- If one or more sell conditions are met, a "SELL" label is displayed above the corresponding bar on the chart.
---
**Visualization of Patterns on the Chart**
Each detected pattern is visualized using various graphical elements, allowing traders to easily identify them on the chart:
- **Three Drives Up:** Green upward triangle below the bar.
- **Three Drives Down:** Red downward triangle above the bar.
- **Rounding Top:** Orange "RT" label above the bar.
- **Rounding Bottom:** Blue "RB" label below the bar.
- **Inverse Head and Shoulders:** Turquoise "iH&S" label below the bar.
- **ZigZag High/Low:** Purple circles at the peaks and troughs of the zigzag.
---
**Displaying Fibonacci Levels**
Fibonacci levels are displayed as horizontal lines on the chart with corresponding labels. These levels help traders determine potential entry and exit points, as well as support and resistance levels.
---
**Drawing ZigZag Lines**
ZigZag lines connect the detected peaks and troughs, visualizing corrective movements. To avoid cluttering the chart, the number of lines is limited, and old lines are automatically removed as new ones are added.
Smooth Price Oscillator [BigBeluga]The Smooth Price Oscillator by BigBeluga leverages John Ehlers' SuperSmoother filter to produce a clear and smooth oscillator for identifying market trends and mean reversion points. By filtering price data over two distinct periods, this indicator effectively removes noise, allowing traders to focus on significant signals without the clutter of market fluctuations.
🔵 KEY FEATURES & USAGE
● SuperSmoother-Based Oscillator:
This oscillator uses Ehlers' SuperSmoother filter, applied to two different periods, to create a smooth output that highlights price momentum and reduces market noise. The dual-period application enables a comparison of long-term and short-term price movements, making it suitable for both trend-following and reversion strategies.
// @function SuperSmoother filter based on Ehlers Filter
// @param price (float) The price series to be smoothed
// @param period (int) The smoothing period
// @returns Smoothed price
method smoother_F(float price, int period) =>
float step = 2.0 * math.pi / period
float a1 = math.exp(-math.sqrt(2) * math.pi / period)
float b1 = 2 * a1 * math.cos(math.sqrt(2) * step / period)
float c2 = b1
float c3 = -a1 * a1
float c1 = 1 - c2 - c3
float smoothed = 0.0
smoothed := bar_index >= 4
? c1 * (price + price ) / 2 + c2 * smoothed + c3 * smoothed
: price
smoothed
● Mean Reversion Signals:
The indicator identifies two types of mean reversion signals:
Simple Mean Reversion Signals: Triggered when the oscillator moves between thresholds of 1 and Overbought or between thresholds -1 and Ovesold, providing additional reversion opportunities. These signals are useful for capturing shorter-term corrections in trending markets.
Strong Mean Reversion Signals: Triggered when the oscillator above the overbought (upper band) or below oversold (lower band) thresholds, indicating a strong reversal point. These signals are marked with a "+" symbol on the chart for clear visibility.
Both types of signals are plotted on the oscillator and the main chart, helping traders to quickly identify potential trade entries or exits.
● Dynamic Bands and Thresholds:
The oscillator includes overbought and oversold bands based on a dynamically calculated standard deviation and EMA. These bands provide visual boundaries for identifying extreme price conditions, helping traders anticipate potential reversals at these levels.
● Real-Time Labels:
Labels are displayed at key thresholds and bands to indicate the oscillator’s status: "Overbought," "Oversold," and "Neutral". Mean reversion signals are also displayed on the main chart, providing an at-a-glance summary of current indicator conditions.
● Customizable Threshold Levels:
Traders can adjust the primary threshold and smoothing length according to their trading style. A higher threshold can reduce signal frequency, while a lower setting will provide more sensitivity to market reversals.
The Smooth Price Oscillator by BigBeluga is a refined, noise-filtered indicator designed to highlight mean reversion points with enhanced clarity. By providing both strong and simple reversion signals, as well as dynamic overbought/oversold bands, this tool allows traders to spot potential reversals and trend continuations with ease. Its dual representation on the oscillator and the main price chart offers flexibility and precision for any trading strategy focused on capturing cyclical market movements.
ATT Model with Buy/Sell SignalsIndicator Summary
This indicator is based on the ATT (Arithmetic Time Theory) model, using specific turning points derived from the ATT sequence (3, 11, 17, 29, 41, 47, 53, 59) to identify potential market reversals. It also integrates the RSI (Relative Strength Index) to confirm overbought and oversold conditions, triggering buy and sell signals when conditions align with the ATT sequence and RSI level.
Turning Points: Detected based on the ATT sequence applied to bar count. This suggests high-probability areas where the market could turn.
RSI Filter: Adds strength to the signals by ensuring buy signals occur when RSI is oversold (<30) and sell signals when RSI is overbought (>70).
Max Signals Per Session: Limits signals to two per session to reduce over-trading.
Entry Criteria
Buy Signal: Enter a buy trade if:
The indicator displays a green "BUY" marker.
RSI is below the oversold level (default <30), suggesting a potential upward reversal.
Sell Signal: Enter a sell trade if:
The indicator displays a red "SELL" marker.
RSI is above the overbought level (default >70), indicating a potential downward reversal.
Exit Criteria
Take Profit (TP):
Define TP as a fixed percentage or point value based on the asset's volatility. For example, set TP at 1.5-2x the risk, or a predefined point target (like 50-100 points).
Alternatively, exit the position when price approaches a key support/resistance level or the next significant swing high/low.
Stop Loss (SL):
Place the SL below the recent low (for buys) or above the recent high (for sells).
Set a fixed SL in points or percentage based on the asset’s average movement range, like an ATR-based stop, or limit it to a specific risk amount per trade (1-2% of account).
Trailing into Profit
Use a trailing strategy to lock in profits and let winning trades run further. Two main options:
ATR Trailing Stop:
Set the trailing stop based on the ATR (Average True Range), adjusting every time a new candle closes. This can help in volatile markets by keeping the stop at a consistent distance based on recent price movement.
Break-Even and Partial Profits:
When the price moves in your favor by a set amount (e.g., 1:1 risk/reward), move SL to the entry (break-even).
Take partial profit at intermediate levels (e.g., 50% at 1:1 RR) and trail the remainder.
Risk Management for Prop Firm Evaluation
Prop firms often have strict rules on daily loss limits, max drawdowns, and minimum profit targets. Here’s how to align your strategy with these:
Limit Risk per Trade:
Keep risk per trade to a conservative level (e.g., 1% or lower of your account balance). This allows for more room in case of a drawdown and aligns with most prop firm requirements.
Daily Loss Limits:
Set a daily stop-loss that ensures you don’t exceed the firm’s rules. For example, if the daily limit is 5%, stop trading once you reach a 3-4% drawdown.
Avoid Over-Trading:
Stick to the max signals per session rule (one or two trades). Taking only high-probability setups reduces emotional and reactive trades, preserving capital.
Stick to a Profit Target:
Aim to meet the evaluation’s profit goal efficiently but avoid risky or oversized trades to reach it faster.
Avoid Major Economic Events:
News events can disrupt technical setups. Avoid trading around significant releases (like FOMC or NFP) to reduce the chance of sudden losses due to high volatility.
Summary
Using this strategy with discipline, a structured entry/exit approach, and tight risk management can maximize your chances of passing a prop firm evaluation. The ATT model’s turning points, combined with the RSI, provide an edge by highlighting reversal zones, while limiting trades to 1-2 per session helps maintain controlled risk.
MTFHTS with Moving Average Ribbon and Buy/Sell Signals 3.2Multi-Timeframe Moving Average Strategy with Buy and Sell Signals
Purpose
This strategy is designed to provide clear, data-driven buy and sell signals based on moving average crossovers across multiple timeframes. It aims to help traders identify potential trend reversals and entry/exit points using a systematic approach.
How it Works
Moving Averages Across Multiple Timeframes:
Five customizable moving averages (MA №1 to MA №5) are calculated using different lengths and types, including SMA, EMA, WMA, and VWMA, to suit various trading styles.
The MAs are plotted on different timeframes, allowing traders to visualize trend alignment and identify market momentum across short, medium, and long terms.
Signals for Buying and Selling:
Buy Signals: When the shorter-term MA (MA №1) crosses above a longer-term MA (MA №2 or MA №3), the strategy triggers a buy signal, indicating potential upward momentum.
Sell Signals: When MA №1 crosses below a longer-term MA (MA №2 or MA №3), a sell signal is triggered, suggesting potential downward movement.
Visual Aids and Alerts:
The strategy uses color fills between MAs to indicate bullish (green) or bearish (red) trends, helping traders assess market conditions at a glance.
Alerts for buy and sell signals keep traders notified in real-time, helping to avoid missed opportunities.
Important Note
This strategy is purely educational and does not constitute investment advice. It serves as a tool to help traders understand how multi-timeframe moving averages and crossovers can be used in technical analysis. As with any trading strategy, we recommend testing in a simulated environment and exercising caution.
Heikin Ashi Buy-Sell Signals [Non-Repainting] @TradingadeThis is a basic indicator that displays Heikin Ashi candles in a simple format. Key features include:
- Unlike most other Heikin Ashi indicators, this one does not repaint, which is crucial when building strategies based on indicators.
- It generates Buy & Sell signals based on consecutive candles of the same color:
BUY Signal: Triggered when there are at least x green candles in a row (adjustable in settings).
SELL Signal: Triggered when there are at least x red candles in a row (also adjustable in settings).
Multiple Signal Option: If activated, the indicator will continue generating signals after the buy or sell condition is met, until a candle of the opposite color appears.
The Buy & Sell signals are shown both in the indicator and on your chart. You can turn them on or off in the style section.
You can set alerts when buy or sell signals are generated.
TrendWave VWAP Indicator with ATR-based SignalsThe TrendWave VWAP Indicator with ATR-Based Signals is a robust TradingView tool for traders who prioritize precision and adaptability. This indicator combines the Volume-Weighted Average Price (VWAP) with the Average True Range (ATR) to provide actionable entry and exit signals while dynamically filtering out sideways market conditions. Designed with flexibility in mind, the indicator offers extensive customization options to tailor signals and filtering to individual trading styles.
Key Features and Customizable Settings
VWAP Integration
VWAP offers a volume-weighted benchmark, ideal for tracking price trends in relation to average trading levels. Customization: Traders can enable or disable VWAP functionality via a toggle, allowing easy adjustments based on market conditions or strategy preferences.
ATR-Based Signal Levels
ATR provides volatility-based levels for precise entry and exit points by measuring average price range. Customization: Traders can set the ATR length (default: 14) and the multiplier (default: 1.5) for adjusting sensitivity. A sideways threshold can be set to control the ATR value at which the indicator pauses signals, helping to avoid low-volatility markets.
Signal Cooldown
To reduce noise in choppy conditions, a signal cooldown enforces a minimum number of bars between signals. Customization: The cooldown period (default: 10 bars) can be adjusted to match preferred trading frequency and discipline requirements.
Signal Logic
Long Entry: Activated when price crosses above the VWAP in a trending market. Cooldown applies to avoid consecutive signals.
Long Exit: Triggered when price crosses below the VWAP.
Short Entry: Initiated when price crosses below the VWAP, in non-sideways conditions.
Short Exit: Occurs when price crosses back above the VWAP following a short position.
Visual Indicators
The VWAP is displayed as a line on the chart for easy trend reference. Entry and exit signals are clearly marked with color-coded shapes, enhancing readability without clutter.
Practical Application
The TrendWave VWAP Indicator with ATR-Based Signals provides tailored entries and exits for trending markets. Its customization options make it suitable for traders who require flexibility and precision in varying market conditions. By adjusting VWAP, ATR, and cooldown parameters, users can fine-tune the indicator to suit different trading styles, making it an essential tool for disciplined trading in dynamic markets.
Ultimate Multi Indicator - by SachaThe Ultimate Multi Indicator: The Ultimate Guide To Profit
This custom indicator, the Ultimate Multi Indicator , integrates multiple trading indicators to have powerful buy and sell signals. I combined MACD, EMA, RSI, Bollinger Bands, Volume Profile, and Ichimoku Cloud indicators to help traders analyze both short-term and long-term price movements.
Key Components and How to Use Them
- MACD (Moving Average Convergence Divergence):
- Use for trend direction and potentiality of reversals.
- The blue line (MACD Line) crossing above the orange line (Signal Line) indicates a bullish reversal; the opposite signals a bearish reversal.
- Watch for crossovers to confirm the direction of smaller price movements.
- 200 EMA (Long) (Exponential Moving Average):
- Use to indicate a long-term trend direction.
- If the price is above the 200 EMA, the market is in an uptrend; below it suggests a downtrend.
- The chart’s background color shifts subtly green (uptrend) or red (downtrend) depending on the EMA's relative position.
- RSI (Relative Strength Index):
- Tracks momentum and overbought/oversold levels.
- RSI over 70 signifies overbought conditions; under 30 indicates oversold.
- Look for RSI turning points around these levels to identify potential reversals.
- Bollinger Bands :
- The price touching or crossing the upper Bollinger Band may mean overbought conditions are filled, while a touch at the lower band indicates oversold.
- Bollinger Band interactions often align with key reversal points, especially when combined with other signals.
- Volume Profile :
- A yellow VP line on the chart represents significant trading volume occurred.
- This line can be used as both a support and resistance level, and especially during consolidations or trend changes.
- Ichimoku Cloud :
- Identifies support/resistance levels and trend direction.
- Green and red cloud regions visually show if the price is above (bullish) or below (bearish) key levels.
- Price above the cloud (green) confirms a bullish market, while below (red) signals bearish.
Signal Conditions and Visualization
- Buy Signals :
- This is triggered right away when MACD crosses up, RSI is oversold, or price touches the lower Bollinger Band, provided price is above both the Ichimoku Cloud and the 200 EMA.
- A green “BUY” label appears below the bar, suggesting a potential entry.
- Sell Signals :
- This signal is generated when MACD crosses down, RSI is overbought, or price touches the upper Bollinger Band, and price is below the Ichimoku Cloud and the 200 EMA.
- A red “SELL” label is shown above the bar, indicating a potential exit.
Tips & Tricks
- Confirm Signals : Use multiple signals to confirm entries and exits. For example, if both the MACD and RSI align with the Ichimoku Cloud direction, the trade setup is stronger.
- Trend Directions : Only take buy signals if the price is above the 200 EMA, and sell signals if it is below, aligning trades with the overall trend.
- Adjust for Volatility : In high-volatility markets, especially in the crypto markets, pay close attention to the Bollinger Bands for breakout potential.
- Ichimoku as a Trend Guide : Use the Ichimoku Cloud as a guide for long-term support and resistance levels, especially for swing trades.
This multi-layered indicator gives a balanced blend of short-term signals and long-term trend insights, making it a versatile tool for day trading, swing trading, or even longer-term analysis.
Remember that indicators that will make you rich instantly don't exist. To expect minimum profit from them, you shouldn't trade all you have at the same time but only trade with the money you can afford to lose.
After that being said, I wish you traders luck with the Ultimate Multi Indicator!
Harmony Signal Flow By ArunThis Pine Script strategy, titled "Harmony Signal Flow By Arun," uses the Relative Strength Index (RSI) indicator to generate buy and sell signals based on custom thresholds. The script incorporates stop-loss and target management and restricts new trades until the previous position closes. Here's a detailed description:
Custom RSI Metric:
The strategy calculates a 5-period RSI based on the closing price, aiming for a more responsive measure of price momentum.
RSI thresholds are defined:
Lower threshold (30): Indicates oversold conditions, triggering a potential buy.
Upper threshold (70): Indicates overbought conditions, prompting a possible sell.
Entry Conditions:
Buy Signal: The strategy initiates a buy order when the RSI crosses above the lower threshold (30), indicating a shift from oversold conditions.
Sell Signal: A sell order is triggered when the RSI crosses below the upper threshold (70), suggesting an overbought reversal.
Only one order (buy or sell) can be active at a time, ensuring that a new trade begins only when there’s no existing position.
Stop-Loss and Target Management:
For each trade, stop-loss and target conditions are applied to manage risk and secure profits.
For Buy Positions:
Stop-loss is set 100 points below the entry price.
Target is set 150 points above the entry price.
For Sell Positions:
Stop-loss is set 100 points above the entry price.
Target is 150 points below the entry price.
The strategy closes the trade when either the stop-loss or target is met, marking the trade as "closed" and allowing a new trade entry.
Trade Sequencing:
A new trade (buy or sell) is only permitted after the previous position hits either its stop-loss or target, preventing overlapping trades and ensuring clear trade sequences.
This sequential approach enhances risk management by ensuring only one active position at any time.
End-of-Day Closure:
All open positions are closed automatically at 3:25 PM (Indian market time) to avoid overnight exposure, ensuring the strategy remains strictly intraday.
The flag for trade entry is reset at the end of each day, enabling fresh trades the next day.
Chart Indicators:
The script plots buy and sell signals directly on the chart with visible labels.
It also displays the custom RSI metric with horizontal lines for the lower and upper thresholds, providing visual cues for entry and exit points.
Summary
This strategy is a momentum-based intraday trading approach that uses the RSI for identifying potential reversals and manages trades through predefined stop-loss and target levels. By enforcing trade sequencing and closing positions at the end of the trading day, it prioritizes risk management and seeks to capitalize on short-term trends while avoiding overnight market risks.
Bollinger Bands with RSI Buy/Sell Signals (15 min) Bollinger Bands with RSI Buy/Sell Signals (15 Min)
Description:
The Bollinger Bands with RSI Buy/Sell Signals (15 Min) indicator is designed to help traders identify potential reversal points in the market using two popular technical indicators: Bollinger Bands and the Relative Strength Index (RSI).
How It Works:
Bollinger Bands:
Bollinger Bands consist of an upper band, lower band, and a middle line (Simple Moving Average). These bands adapt to market volatility, expanding during high volatility and contracting during low volatility.
This indicator monitors the 15-minute Bollinger Bands. If the price moves completely outside the bands, it signals that the market is potentially overextended.
Relative Strength Index (RSI):
RSI is a momentum indicator that measures the strength of price movements. RSI readings above 70 indicate an overbought condition, while readings below 30 suggest an oversold condition.
This indicator uses the RSI on the 15-minute time frame to further confirm overbought and oversold conditions.
Buy/Sell Signal Generation:
Buy Signal:
A buy signal is triggered when the market price crosses above the lower Bollinger Band on the 15-minute time frame, indicating that the market may be oversold.
Additionally, the RSI must be below 30, confirming an oversold condition.
A "Buy" label appears below the price when this condition is met.
Sell Signal:
A sell signal is triggered when the market price crosses below the upper Bollinger Band on the 15-minute time frame, indicating that the market may be overbought.
The RSI must be above 70, confirming an overbought condition.
A "Sell" label appears above the price when this condition is met.
Gaussian Filter [BigBeluga]The Gaussian Filter - BigBeluga indicator is a trend-following tool that uses a Gaussian filter to smooth price data and identify directional shifts in the market. It provides dynamic signals for entering and exiting trades based on trend changes, helping traders stay aligned with the market's momentum. What sets this indicator apart is its ability to display precise entry and exit points with real-time tracking of percentage price changes, making it ideal for trend-based strategies.
SP500:
NIFTY50:
🔵 KEY FEATURES & USAGE
◉ Gaussian Filter Trend Line:
//@function GaussianFilter is used for smoothing, reducing noise, and computing derivatives of data.
//@param src (float) The source data (e.g., close price) to be smoothed.
//@param params (GaussianFilterParams) Gaussian filter parameters that include length and sigma.
//@returns (float) The smoothed value from the Gaussian filter.
gaussian_filter(float src, params) =>
var float weights = array.new_float(params.length) // Array to store Gaussian weights
total = 0.0
pi = math.pi
for i = 0 to params.length - 1
weight = math.exp(-0.5 * math.pow((i - params.length / 2) / params.sigma, 2.0))
/ math.sqrt(params.sigma * 2.0 * pi)
weights.set(i, weight)
total := total + weight
for i = 0 to params.length - 1
weights.set(i, weights.get(i) / total)
sum = 0.0
for i = 0 to params.length - 1
sum := sum + src * weights.get(i)
sum
The core functionality of the Gaussian Filter line is to show trend direction. When the trend line increases four times consecutively, it indicates an uptrend signal. Similarly, if it decreases four times in a row, it signals a downtrend. The smoothness of the filter helps traders stay on the right side of the market by filtering out noise and emphasizing the dominant trend direction.
◉ Entry and Exit Levels with Real-Time Price and Performance Data:
Each time the indicator detects a trend change, it plots an entry or exit level on the chart. For an uptrend, an entry level is marked, and for a downtrend, an exit level is plotted. These levels display the price at the time of the signal.
While the trend is ongoing, the indicator tracks the percentage change in price from the initial entry or exit signal to the current bar, updating in real-time. When a trend concludes, it displays the total percentage change from the entry or exit point to the trend's end. This feature provides valuable insights into how much the price has moved during each trend phase and allows traders to monitor the performance of each trade.
◉ Color-Coded Candlestick Representation with Trend Shift Alerts:
In addition to coloring the candlesticks based on the trend direction, the indicator also uses gray candles to highlight potential early trend shifts. For example, if the Gaussian Filter detects a downtrend but the price moves above the filter line, the candles turn gray, signaling a possible reversal or shift in momentum. Similarly, in an uptrend, if the price moves below the Gaussian Filter line, the candles turn gray as an early indication of potential bearish momentum. This visual cue helps traders stay alert to possible faster shifts in market direction, allowing for quicker decision-making.
🔵 CUSTOMIZATION
Length and Sigma for Gaussian Filter:
Adjust the length and sigma parameters to control how the Gaussian Filter smooths the price data. A longer length provides smoother trend lines, while adjusting sigma can fine-tune the level of smoothing applied.
Levels Display and Candle Coloring:
You can toggle the visibility of entry and exit levels as well as enable or disable the dynamic coloring of candlesticks based on the trend direction. The additional gray color setting provides an extra layer of information, allowing you to spot potential trend reversals early.
🔵 CONCLUSION
The Gaussian Filter indicator is a powerful tool for identifying and following market trends. By providing clear entry and exit signals, along with real-time tracking of price changes, it gives traders a structured way to manage trades and monitor performance. The color-coded candles, including gray to highlight possible trend shifts, add another dimension to visualizing market dynamics. The added flexibility of customizing colors and trend levels makes it a versatile indicator suitable for both trend-following and reversal strategies.
Good Signal IndicatorDescription:
The Good Signal Indicator utilizes Exponential Moving Averages (EMA) across multiple timeframes to provide buy or sell signals based on the relative positioning of short-term and long-term EMAs.
Features:
Multiple Timeframes: Includes EMAs for 1 minute, 5 minutes, 15 minutes, 1 hour, 4 hours, and 1 day.
Customizable Settings: Allows for the configuration of EMA lengths (20 and 50 periods).
Clear Signals: Displays buy, sell, or neutral signals on a table for each timeframe.
How It Works:
EMA Calculation: Computes the EMA values for specified lengths and timeframes.
Signal Generation: Determines buy and sell signals based on whether the current EMA is above or below the EMA from 30 bars ago.
Table Display: Presents the signals in a table at the bottom-right of the chart, showing whether to buy, sell, or hold for each timeframe.
Usage Instructions:
Apply the Indicator: Add the script to your TradingView chart.
Review Signals: Observe the table to understand the current trend for each timeframe.
Adjust Settings: Customize the EMA lengths if needed to fit your trading strategy.
Example Chart:
Ensure your chart is clean, showing only the indicator table without additional clutter. The table should clearly reflect the current buy, sell, or neutral status based on the EMA calculations.
Disclaimer: This indicator is a tool for analysis and should be used in conjunction with other indicators and market research. Always test with historical data before applying it to live trading.
Market Structure Oscillator [LuxAlgo]The Market Structure Oscillator indicator analyzes and synthesizes short-term, intermediate-term, and long-term market structure shifts and breaks, visualizing the output as oscillators and graphical representations of real-time market structures on the main price chart.
The oscillator presentation of the detected market structures helps traders visualize trend momentum and strength, identifying potential trend reversals, and providing different perspectives to enhance the analysis of classic market structures.
🔶 USAGE
A market structure shift signals a potential change in market sentiment or direction, while a break of structure indicates a continuation of the current trend. Detecting these events in real-time helps traders recognize both trend changes and continuations. The market structure oscillator translates these concepts visually, offering deeper insights into market momentum and strength. It aids traders in identifying overbought or oversold conditions, potential trend reversals, and confirming trend direction.
Oscillators often generate signals based on crossing certain thresholds or diverging from price movements, providing cues for traders to enter or exit positions.
The weights determine the influence of each period (short-term, intermediate-term, long-term) on the final oscillator value. By changing the weights, traders can emphasize or de-emphasize the importance of each period. Higher weights increase their respective market structure's influence on the oscillator value. For example, if the weight for the short-term period is set to 0, the final value of the oscillator will be calculated using only the intermediate-term and long-term market structures.
The indicator features a Cycle Oscillator component, which uses the market structure oscillator values to generate a histogram and provide further insights into market cycles and potential signals. The Cycle Oscillator aids in timing by allowing traders to more easily see the median length of an oscillation around the average point, helping them identify both favorable prices and favorable moments for trading.
Users can also display detected market structures on the price chart by enabling the corresponding market structure toggle from the "Market Structures on Chart" settings group.
🔶 DETAILS
The script initiates its analysis by detecting swing levels, which form the fundamental basis for its operations. It begins by identifying short-term swing points, automatically detected solely based on market movements without any reliance on user-defined input. Short-Term Swing Highs (STH) are peaks in price surrounded by lower highs on both sides, while Short-Term Swing Lows (STL) are troughs surrounded by higher lows.
To identify intermediate-term and long-term swing points, the script uses previously detected short-term swing points as reference points. It examines these points to determine intermediate-term swings and further analyzes intermediate-term swings to identify long-term swing points. This method ensures a thorough and unbiased evaluation of market dynamics, providing traders with reliable insights into market structures.
Once swing levels are detected, the process continues with the analysis of Market Structure Shifts (MSS) and Breaks of Structure (BoS). A Market Structure Shift, also known as a Change of Character (CHoCH), is a critical event in price action analysis that suggests a potential shift in market sentiment or direction. It occurs when the price reverses from an established trend, indicating that the current trend may be losing momentum and a reversal could be imminent.
On the other hand, a Break of Structure signifies the continuation of the existing market trend. This event occurs when the price decisively moves beyond a previous swing high or low, confirming the strength and persistence of the prevailing trend.
The indicator analyzes price patterns using a pure price action approach and identifies market structures for short-term, intermediate-term, and long-term periods. The collected data is then normalized and combined using specified weights to calculate the final Market Structure Oscillator value.
🔶 SETTINGS
The indicator incorporates user-defined settings, allowing users to tailor it according to their preferences and trading strategies.
🔹 Market Structure Oscillator
Market Structure Oscillator: Toggles the visibility of the market structures oscillator.
Short Term Weight: Defines the weight for the short-term market structure.
Intermediate Term Weight: Defines the weight for the intermediate-term market structure.
Long Term Weight: Defines the weight for the long-term market structure.
Oscillator Smoothing: Determines the smoothing factor for the oscillator.
Gradient Colors: Allows customization of bullish and bearish gradient colors.
Market Structure Oscillator Crosses: Provides signals based on market structure oscillator equilibrium level crosses.
🔹 Cycle Oscillator
Cycle Oscillator - Histogram: Toggles the visibility of the cycle oscillator.
Cycle Signal Length: Defines the length of the cycle signal.
Cycle Oscillator Crosses: Provides signals based on cycle oscillator crosses.
🔹 Market Structures on Chart
Market Structures: Allows plotting of market structures (short, intermediate, and long term) on the chart.
Line, Label, and Color: Options to display lines and labels for different market structures with customizable colors.
🔹 Oscillator Components
Oscillators: Separately plots short-term, intermediate-term, and long-term oscillators. Provides options to display these oscillators with customizable colors.
🔶 RELATED SCRIPTS
Market-Structures-(Intrabar)
ToxicJ3ster - Day Trading SignalsThis Pine Script™ indicator, "ToxicJ3ster - Signals for Day Trading," is designed to assist traders in identifying key trading signals for day trading. It employs a combination of Moving Averages, RSI, Volume, ATR, ADX, Bollinger Bands, and VWAP to generate buy and sell signals. The script also incorporates multiple timeframe analysis to enhance signal accuracy. It is optimized for use on the 5-minute chart.
Purpose:
This script uniquely combines various technical indicators to create a comprehensive and reliable day trading strategy. Each indicator serves a specific purpose, and their integration is designed to provide multiple layers of confirmation for trading signals, reducing false signals and increasing trading accuracy.
1. Moving Averages: These are used to identify the overall trend direction. By calculating short and long period Moving Averages, the script can detect bullish and bearish crossovers, which are key signals for entering and exiting trades.
2. RSI Filtering: The Relative Strength Index (RSI) helps filter signals by ensuring trades are only taken in favorable market conditions. It detects overbought and oversold levels and trends within the RSI to confirm market momentum.
3. Volume and ATR Conditions: Volume and ATR multipliers are used to identify significant market activity. The script checks for volume spikes and volatility to confirm the strength of trends and avoid false signals.
4. ADX Filtering: The ADX is used to confirm the strength of a trend. By filtering out weak trends, the script focuses on strong and reliable signals, enhancing the accuracy of trade entries and exits.
5. Bollinger Bands: Bollinger Bands provide additional context for the trend and help identify potential reversal points. The script uses Bollinger Bands to avoid false signals and ensure trades are taken in trending markets.
6. Higher Timeframe Analysis: This feature ensures that signals align with broader market trends by using higher timeframe Moving Averages for trend confirmation. It adds a layer of robustness to the signals generated on the 5-minute chart.
7. VWAP Integration: VWAP is used for intraday trading signals. By calculating the VWAP and generating buy and sell signals based on its crossover with the price, the script provides additional confirmation for trade entries.
8. MACD Analysis: The MACD line, signal line, and histogram are calculated to generate additional buy/sell signals. The MACD is used to detect changes in the strength, direction, momentum, and duration of a trend.
9. Alert System: Custom alerts are integrated to notify traders of potential trading opportunities based on the signals generated by the script.
How It Works:
- Trend Detection: The script calculates short and long period Moving Averages and identifies bullish and bearish crossovers to determine the trend direction.
- Signal Filtering: RSI, Volume, ATR, and ADX are used to filter and confirm signals, ensuring trades are taken in strong and favorable market conditions.
- Multiple Timeframe Analysis: The script uses higher timeframe Moving Averages to confirm trends, aligning signals with broader market movements.
- Additional Confirmations: VWAP, MACD, and Bollinger Bands provide multiple layers of confirmation for buy and sell signals, enhancing the reliability of the trading strategy.
Usage:
- Customize the input parameters to suit your trading strategy and preferences.
- Monitor the generated signals and alerts to make informed trading decisions.
- This script is made to work best on the 5-minute chart.
Disclaimer:
This indicator is not perfect and can generate false signals. It is up to the trader to determine how they would like to proceed with their trades. Always conduct thorough research and consider seeking advice from a financial professional before making trading decisions. Use this script at your own risk.
