Şimdi başlat

Komut dosyalarını "spy" için ara

Ichi-Price WaveWelcome to the Ichi-Price Wave. This indicator is designed for day trading options contracts for any ticker, using a number of indicators — Ichimoku Cloud, Volume-Weighted Average Price, Stochastic Relative Strength Index, Exponential Moving Average (13/48) — and calculating how they interact with each other to provide entry and exit signals for both Calls and Puts on normal days. ****Read the Important Information section before opening any positions based on this indicator. (Also *NFA) The general concept is that you, the trader, are a Surfer 🏄🏾 who rides the best waves in deep water until it gets dangerous. Emoji storyline: The 🏄🏾 emoji (Call or Put, depending on the color of its Green or Red label, respectively) indicates an upcoming *potential* entry that, for a number of reasons, may be disregarded. (See: Important Information section below). And just as there are no certainties in the stock market itself, the tiered exit signals are ranked by low 🐬, medium 🦈 and high risk 🦑 tolerance. (In other words, it's relatively safe to surf with dolphins around, but there's the off chance they even strike trainers and become aggressive. It's more dangerous to swim with sharks. And on the unlikely, rare occasion you see a literal, giant, mythical, ship destroying Kraken 😬 ... you definitely need to get out of the water. Surfing for as long as possible reaps the greatest rewards — but risk/reward are to be considered for entries and exits. Exiting every time you see a 🐬 (E1) should secure profits nearly 100% of the time, but they'll be very minimal. Whereas surfing til you reach a Kraken 🦑 (which will not even appear on most Price Wave cycles) would reap the most rewards. (NFA: I recommend considering sharks 🦈 as an exit point for the majority of positions, and perhaps only keeping a few runners open with the hopes of finding that shiny Kraken. (On the non-Emoji chart, the low, medium and high risk exits are named E1, E2 and E3, respectively. Got to the indicator's Settings > Inputs > then toggle EMOJIs ON/OFF) Boring stuff: The entry 🏄🏾 signals are triggered by multiple conditions that must be all true. For Call entries, one of the necessary conditions is that the RSI's K must be maximum 10 (this can be changed in default). This, along with another condition where current price must be below the VWAP Lower Bound 1, serves as a great reference point showing the stock price is currently uncomfortable where it is and may likely soon snap back closer to the VWAP, perhaps even to the other side due to a pendulum effect. Important information Relying on those two factors for setting entry and exit points are great for normal days. (Normal, as in the ticker price bounces within a channel (e.g., ≤3% + or -) that's trending slightly bullish or bearish depending on greater market trend). But there are abnormal days where news catalysts (e.g., CPI data, CEO scandals, unexpected company data release, etc.) trigger FOMO and FUD, ultimately rendering the logic behind most indicators non applicable (e.g., RSI's "buy when oversold"). On the chart, this indicator accounts for this with two measures: One, you should only "Surf" in the water. That is, there are two bands — Shallow and Deep Water. Any "Surf" emojis where price action is outside of the water should be ignored**. Two, there are additional EMOJIs that show you "Bearish trend" ⛈ and "Bullish trend ☀️. (Story time again: You obviously shouldn't surf in thunder and lightning. But also, surfing in the blistering sun with no clouds in the sky during a heatwave is also dangerous to your health.) You can use these two measures to disregard the "surfers" suggesting you join them in opening a position in the suggested direction. And surfers followed by Cloud EMOJIs — 🌤️ (Put) or 🌧️ (Call) — can be used as "perfect entry" points. (The clouds represent weather being less extreme and better for surfing). (**While these should mostly be ignored, these have not been muted because there is the possibility of a very strong turn around if you happen to catch the last one (which is not ideal for risk-averse traders). Use other indicators, such as the MACD and trend lines, to find potential bottoms (or tops) as price action plunges (or soars) due to abnormal news circumstances.) Entry and exit buffers At the beginning of each day, most indicators usually are not immediately calibrated correctly due to premarket trading and open market (at least to the degree that the day's sentiment can be best read from them due to the amount of volatility). What I recommend when using this indicator is disregarding signals during the first 15 minutes (or possibly 30 minutes) of market open to get the best results. And also, considering this indicator is meant for day trading (i.e., not holding positions overnight), disregarding ENTRY signals for the last 45 minutes of the trading day could give yourself enough buffer on the back end for exiting comfortably. RSI entry Preparing for an entry when you see a surfer is recommended, but actually opening the position when you see a 🌤️ (Put) or 🌧️ (Call) would yield best results and avoid misfires — particularly when those two cloud EMOJIs are signaled when the RSI is overbought and K is at least 95 (Puts), or oversold and K at maximum 5 (Calls). (Story time logic: The cloud eclipsing the Sun means it's cooling off and better for surfing. And the rain cloud no longer having lightning means the "bearish" storm is possibly soon over). Delta and the Greeks You should experiment yourself, but keep in mind that this is for capitalizing off of a day's minor price swings (≤3% + or -). Entering a same day expiry contract that's deep OTM is not going to work with this indicator (even if you enter at a surfer 🏄🏾 and exit at a Kraken 🦑) because the price wave from one end to the other won't be enough to compensate for the other Greeks working against you. Use another indicator (or insider knowledge ... Just kidding, that's illegal, don't do that) if you want to buy those kind of contracts. I personally purchase contracts w/ minimum 80% Implied Volatility and somewhere between 20-40 Delta. Having a nice range for yourself with these factors, depending also on the size of your own portfolio and the risk tolerance you have, will determine how much you're able to capitalize off successful entry and exits. Tips • I set stop losses 5-10% depending on the ticker. (e.g., $TSLA's volatility may require SL closer to 10% whereas using it on $SPY, a 5% could suffice). This is in addition to ignoring entry signals that don't meet the aforementioned two requirements (i.e., it's risky to Surf in shallow water, and you shouldn't try to Surf at all outside of the water, ref. Band 2 and outside of Band 2). Remember, this is the stock market — not the casino. We rely on strategy and risk management — not hope. • It's recommended you use time intervals ≤ 5 min. (I use 1 minute and 5 min) • Liquidity . Using these signals on a ticker with low liquidity (particularly if you enter on the Ask side), can reduce your profits to 0% or even to a loss even if you have a perfect entry and exit. I always point to SPY as the optimal bid-ask spread, but keep that in mind. What's with the name "Ichi-Price Wave"? The "Ichi" gives credit to Japanese journalist Goichi Hosoda, whose indicator I used in conjunction with the 13/48 Exponential Moving Averages to create some of the exit signal conditions (e.g., E2🦈). That E2 condition is: Signal the first time the price intersects the Ichimoku conversion line *after* it has entered the VWAP UB/LB channel on one end and has exited on the opposite end). And it's named "Price Wave" because it's a literal price wave, which is where the fun surf narrative comes in. Also, "Price" doubles as me naming it after myself (in a less pretentious way). It's actually convenient that my last name is literally Price. Almost as if I was born for this. Nonetheless, this indicator is far more accurate in spotting directional changes than the free 13/48 cross, which oddly enough, influencers are charging for access. It's free, but the code is protected, for now at least. Try it out on any ticker and look at how accurately it catches the tops and bottoms (keeping in mind to ignore misfires according to the two measures and also setting ~5-10% stop losses). And of course, use this in conjunction with other indicators. Ignoring all of my other emojis and simply setting surfer 🏄🏾 alerts could serve as additional confirmations for your personal strategy. Or you could simply enter at a surfer 🏄🏾 and exit when it reaches VWAP (or at least increase your Stop Loss to sell at break even if it doesn't reach). That strategy is the most conservative and would secure consistent gains). AND AGAIN, use your stop losses. Either it makes a move or it doesn't. Simply re-enter at a better point if necessary.
Pine Script® göstergesi
cgpriceisright tarafından
1
Channel SurfingThis is my Channel Surfing indicator. It fires Buy and Sell signals based on multiple conditions. You can use EMAs or LSMAs. You will have to check the box of which moving averages to use once you add it to the chart. It plots EMAs or LSMAs using the different sources Close, Low, and High as the channel to surf. It fires a Buy signal if price crosses the channel up and if there is a pullback into the channel followed by a breakout to the upside. It fires a Sell signal if price crosses the channel down and if there is a pullback into the channel followed buy a breakdown to the down side. I find it works great on the 5 minute SPY chart and the 1 minute chart of ES with the default settings when scalping. You are able to switch between 2 different channels using LSMAs or EMAs. The EMAs has an optional LSMA slope filter for getting rid of some false signals. Let me know if you guys find any other settings or ways to use this and as always I hope it helps.
Pine Script® göstergesi
barrettdenning tarafından
2
Effortless ScalpingEffortless Scalping is an indicator that primarily is used for stock options trading. Effortless Scalping is based off of momentum. Our script takes into account the price action, volume, and historical data points of a stock to give potential "buy" and "sell" areas. Effortless Scalping is a protected script because its Buy and Sell signals are based off of custom coded confirmations. This is what makes our script unique. We also have custom coded CHOP Filters in the indicator. Effortless Scalping has a custom EMA line that flows with the trend of the market. It also changes colors to indicate a bullish or bearish trend . It also will change into a yellow color if the CHOP of the market exceeds your allowance. This EMA line is the only "classic" element of our custom coded script. You can easily use Effortless Scalping by applying it straight to your chart. You can customize several visual effects in the settings menu. Effortless Scalping also has two types of signals--RISKY signals and normal signals. Risky signals have a higher risk, but also a higher reward. Effortless Scalping also features take profit levels based off of ATR levels. Effortless Scalping also has custom support and resistance lines to better help you analyze the movement of a stock. These levels are based off of pivot levels. Effortless Scalping can not predict the future move of a stock. Our script uses historical data points to alert POTENTIAL entries. These historical data points by NO MEANS predict the future movement of the market. Effortless Scalping was created to help me understand the movement of a stock and why it may be moving in that direction. I personally found success using this script. I am sharing it because I am hoping that others find success in this script as well. I also like to trade quite frequently, and several times a day, so I made an indicator that is both accurate and alerts frequently. This indicator does NOT provide financial advice. It is intended for general use only.
Pine Script® göstergesi
LoganRhoads tarafından
Volume Weighted Reversal BandsThis is a vwap & vwma hybrid with upper & lower deviation bands that provide excellent price channels and reversal areas. It can be used on lower & higher timeframes, just increase the deviation % for higher timeframes. Try out the 1 minute timeframe with .5% deviation for great scalping levels. Here is the calculation used for the main line. (VWMA100 + VWMA500 + VWMA1000 + VWAP) / 4 So it combines 3 VWMAs with the VWAP and divides that number by 4 to give us a moving average. Then we add new levels above and below that moving average to get our channels. The channels are separated by the % deviation you choose in the settings. For tighter bands, lower the percentage deviation and for wider bands, increase the percentage deviation. The fattest line in the middle is the main moving average and you can expect price to regularly return to this level. The thick lines are the main moving average plus or minus the percentage deviation you have set. There are 10 levels in each direction from the main moving average. The is also a thin short term moving average as well with a custom calculation. It takes 4 different length moving averages that are weighted and 4 more that are volume weighted and divides the total by 8.The lines will be green when price is above the line and red when price is below the line. The thin white line is the VWAP on its own. These lines will act as dynamic support and resistance so you can scalp them back and forth. These levels work so well because they are volume weighted and the algos hedge their positions back and forth constantly. For best results, use this indicator on tickers with the highest volume and trading action as the price will stick to these levels better when the big money players are hedging. Some great tickers for this indicator are APPL, SPY, BTC, ETH. All colors and linewidths can be customized in the settings easily as well as turning off the VWAP or short moving average and adjusting the percentage deviation for the channels. ***MARKETS*** This indicator can be used on all markets, including stocks, crypto, futures and forex. ***TIMEFRAMES*** This indicator can be used on all timeframes. ***TIPS*** Try using numerous indicators of ours on your chart for extra confirmation. Our favorites to pair with these bands are the Scalper Ribbon and Trend Friend Signals. The 3 combined give you a lot of extra confirmation on whether the market is going to reverse at these levels.
Pine Script® göstergesi
FriendOfTheTrend tarafından
6
Price Line Extended to the Right with Price Label | by Octopu$🔖 Price Line Extended to the Right with Price Label | by Octopu$ This is an Add-On customization tool for your Chart Price Level. Tired of having the TradingView's priceline all across the Chart? And not having the Option to turn it off/extend to right only? Worry you not. Got solutions for any problems you may have! As well as many arms. This Indicator provides an extended price line to the right only, Starting from the current candle, towards the price levels. Additionally, provides a quick price label for fast reference. You can turn on/off the line, As well as on/off the label. Colors change according to candle direction: Up/Down matching Green/Red. Please remember to turn OFF TradingView's price line. Otherwise it'll overlap. Price Line/Tag "replaces" that. Works in Any Time Frame. On Any Ticker. (Using ES 5m just as an example:) www.tradingview.com SPY Features: • Price Tag • Price Line • Extend to Right • Automatic color change Options: • Toggle On/Off Price Line • Toggle On/Off Price Tag Notes: v1.0 Indicator release Changes and updates can come in the future for additional functionalities or per requests. Did you like it? Boost it. Shoot a message! I'd appreciate if you dropped by to say thanks. - Octopu$ 🐙
Pine Script® göstergesi
IamtheOctopuS tarafından
3
Intraday 5 Day Moving Average for Swing TraderThis indicator helps swing trader to quickly see if a stock or an index is in a short term up- or downtrend. The 5 Day Moving Average line is shown on all intraday timeframes like 5, 10, 15, 30, 60, 65 and so on. When an index like SPY or QQQ shows a green 5 DMA line, the index is in a short term uptrend and you can buy stocks for a swing trade, when the line turns red be careful and stop buying stocks, instead watch out to short stocks. In addition to the 5 DMA line you can show the percent distance to the 5 DMA and have multiple options to customize the indicator. Features ■ Use SMA or EMA for the 5 DMA ■ Use different intraday timeframes or show on daily ■ Show the distance in percent ■ Different color modes ■ Multiple customize options
Pine Script® göstergesi
HikoStory tarafından
9
Fed Net Liquidity IndicatorThis indicator aims to present a "Net Liquidity" indicator comprised of the Fed Balance sheet , less the TGA account and Overnight Reverse REPO agreements. Net Liquidity = Fed Balance Sheet - ( TGA + Reverse REPO) This is an overlay that can be added to stock or other charts (like SPY ) to see how the market may appear correlated to Net Liquidity - injection of liquidity into the markets. This was hypothesized by Max Anderson, this is just a script realizing that posting. New updates include a resolution feature, and an option to offset backwards by 2 days per original intent.
Pine Script® göstergesi
jlb05013 tarafından
56
All Moving Averages + VWAPCombines VWAP and Moving Average indicators into one single indicator. VWAP Indicators Anchored VWAP (you can change the anchor, default 1 day) VWAP Standard Deviations (editable, default 1 and 2) VWAP Fibonacci Deviations (editable, default 61.8% and 161.8%) Fill Colors for the VWAP extensions to essentially create VWAP channels. Moving Averages 5 Custom Moving Averages Moving Average Types for each custom average Most popular/widely used Moving Averages (algos and others use these most often, backtested. Some disabled by default) List of most popular Moving Averages 5 EMA 13 EMA 20 EMA 26 EMA 34 EMA 50 EMA 50 SMA 100 EMA 100 SMA 200 EMA 200 SMA 400 SMA Note: There are 52 weeks in a year, so 26 EMA is half of 52, 13 is half of 26. Many traders use Moving Average Clouds, which use 5 and 13 for the first, 34 and 50 for the second. SPY loves 200 SMA
Pine Script® göstergesi
ChimpsAndDimp tarafından
LVOLA MODELAnother variant of the VOLA Model Range. To use this script which focusses on vol on the given equity/commodity/price pair its focussed on at its core methodology. We use NQ1 here as an example on how this indicator can be used. Note the red lines indicate where buy signals occurred an example listed below. Note the best timeframes to use this indicator include (intraday - 1d trades) 7min, 30min, 1hr and Daily for multi day trades. This can be used in conjunction with MVEX VOLA, VOLA & ZVOLA (especially so) when looking to trade $NQ/$ES QQQ / SPY use this in conjunction with the other VOLA models to confirm whether a buy/sell signal. This can also be used on equities since total flows in the bond market can help dictate movement in equities. This is distilled into a simple method where you can use this indicator to gauge a potential buy or sell signal. The red shows a sell signal and a green which is a buy i.e. when the blue line short term signal (blue line) has a major divergence vs the mid and long term then this is typically a sell signal. This is shown in the chart above. The green lines indicate where buy signals occurred with an example listed below. The same goes for the reverse where the short term signal (blue line) is higher then we have a view of a potential buy signal. Once again when the VVS (Short term signal) is flattened out then we have a slowing done in the movement of price action and a reversion has the potential to occur. The greater the divergence and when the line blue line flat lines i.e. stops going up or down and is separate from the green and the red, you then have a view to take a long (if above green and red with a large gap) and a sell (when blue is below green and red with a large gap). Once again there are times where the signal will not work, as with every indicator, model etc nothing hits 100% and I doubt there ever will be such an indicator to exist. As with everything please manage your risk.
Pine Script® göstergesi
vexxly tarafından
Daily Short Volume RatioThe short volume ratio is the number of shares sold short divided by the average daily volume and is used to indicate sentiment. In its most basic form, short volume ratio above 0.5 indicates more folks are shorting the stock while a short volume ratio below 0.5 indicates more folks are buying the stock. Short volume and total volume data is collected daily from FINRA for the NYSE and the NASDAQ exchange and represents lit markets. Daily short and total volume is calculated after the exchanges close so will lag by a day on the chart. This indicator displays the short volume ratio for the last 1, 2, 3, 4, and 5 days and includes a smoothing function (def: off) to better visualize trends. The indicator also includes the ability to view the short volume ratio for the last day for a reference ticker (def: SPY) to compare with total market sentiment. Thanks to those before me for providing ideas and code.
Pine Script® göstergesi
Snufkin420TC tarafından
2
PrimeTrading ExposureThis indicator helps traders staying on the right side of the market and increasing their portfolio exposure as the market health improves. Nothing kills more accounts than trying to pick a bottom by loading positions below all kma’s. What if the market rollover? Then you take a major hit on your p&l. The goal is to increase your maximum allowable exposure as the market confirms his way above key moving averages (kma’s). Market based maximum exposure PT rules: ■ Price < 50dma & Price > 5dma = 20% ■ Price < 50dma & Price > 21dma = 40% ■ Price > 50dma = 60% ■ Price > 50dma & Price > 21dma = 80% ■ Price > 50dma & Price > 21dma & Price > 10dma = 100% Features ■ You can select the indices reference you prefer to calculate the max exposure ( IWM , QQQ , SPY ) ■ You can see the price extension for kma’s (5,10,21,50 dma) ■ Use the current symbol or lock on your preferred reference indices
Pine Script® göstergesi
HikoStory tarafından
6
Return & Drawdown ReDraw script calculates the historical returns and drawdown for the given periods. By default, the return of the linear regression trends is displayed (can be turned off in settings). In this mode, two linear regression trends are being computed for both long and short periods, and the percent value indicates the "return of the trend" for the corresponding period. Observing the dynamic of the linear regression trends can give a great hint if the trend is slowing down. When the smoothing method is set to "none" or WMA3/5, the real asset return is shown for both periods, using the formula (LastPrice-FirstPrice)/FirstPrice The script calculates the maximum drawdown for the long period using the formula (max(Price) - LastPrice) / max(Price). The white line under the zero is the average maximum drawdown over the long period. When the mode is set to Compare, ReDraw will display the difference in metrics between the current and selected symbol (SPY by default).
Pine Script® göstergesi
gaperton tarafından
1
Price Action SignalsIndicator that shows buy/sell signals based on price action as it relates to a 20 day moving average. If the candle is above the 20 day moving average, we look for candles with long wicks on the top indicating selling pressure. If the candle is below the 20 day moving average we look for candles with a long bottom wick indicating buying pressure. The rules for the wick and the price action can be modified by the user. The two user defined parameters are price movement and wick length. For instance, the user can choose to only show arrows when candle has moved by X amount. The smaller the timeframe, the smaller the amount. I Recommended the following values when looking at SPY: On a 1m chart: .10 cents 5min chart: .15 cents 15m chart: .25 cents 1h chart: 1 dollar, 1D chart: 2 dollars Your mileage will vary. With the wicks, you choose a percentage. You can choose to only show an arrow above or below a candle if the wick size is at least x% the size of the candle body.
Pine Script® göstergesi
sonnyparlin tarafından
Camarilla Pivots - Signals, Alerts, TP and SL by Tech Store OnThis is a Camarilla Pivots indicator script, which will show signals, take profit and stop-loss on the chart with alerts based on Camarilla Pivot strategies: LONG signals: S5 > S4, TP1: S4, TP2: S3, TP3: R3 SL: Manual | S3 > R3, TP1: R3, TP2: R4, TP3: R5, SL: S4 | R4 > R5, TP1: R5, SL: R3 SHORT signals R5 > R4, TP1: R4, TP2: R3, TP3: S3, SL: Manual | R3 > S3, TP1: S3, TP2: S4, TP3: S5, S4 > S5, TP1: S5, SL: S3 Mainly, the script is based on the pivot levels and price action. The script will trigger a signal if a supporting direction candle breaks or bounces at certain pivot, triggering a direction of the potential trade with the next pivot serving as a Price Target area, each signal will potentially wait for 3 Price Target areas and if they happen will show each on chart. An opposite direction pivots are used as a Stop Loss, which the indicator will show on the chart. If stop-loss will be hit, the script will not show take profit areas considering the trade is closed with a loss. Same way if take profit area 1 is reach, it is considered that SL is moved to Entry and therefore the script will no longer show stop-loss for that trade. This indicator was mainly tested via 15min timeframe, but feel free to try different timeframes as the concept is the same. This strategy was extensively manually tested, trade by trade, with S&P 500 ETF 15min timeframe, for back-testing results for the whole 2021 year (this is simply if you would LONG/SHORT stocks, don’t forget that if you trade Options, there is also Theta present (options price decay over time), the win rate is: 86.12% *** If a trade was uncertain > it was marked immediately as stop-loss *** A position was always closed at the end of the day no matter what (profit/loss) Config: Alerts need to be set for each signal, take profit and stop-loss, it is pretty much self-explanatory, just right click the chart, select “Add alert” > next to Conditions select “Camarilla Pivot…”, for each trade signal and stop-loss, make sure it is “Once per Bar Close” and for each take-profit make sure it is “Once Per Bar”. Stop-losses are confirmed price breaks, while take-profits – we just need to touch those pivots. Config: By Default, indicator signals are given during regular BEST (after 3PM ET – it’s power hour, which often is unpredictable + market will be closing soon) US standard market hours: 9:30AM-3PM ET, take profit and stop-losses by default are set to 9:30AM-4PM ET (US standard market hours. Both can be adjusted via Inputs. If you wish for the signals/take profit and stop-losses to be tracked 24/7 > choose the “EMPTY” space for both. Config: Number of candles/bars to track back for opened positions is the number of Candles/Bars tracked back for each position. You can change this setting as it relates to timeframe versus trading style (day trading/swing), play around to find your best settings, by default it’s 13, which is best for day trading/15M timeframe. Please note: if position takes “too long” to reach TP or SL, it may not show TP or SL, so you need to keep an eye on this. It is best to use slightly lower number for day trading, because otherwise if you receive the same signal more than twice during the day > it will not show TP or SL for the second/third/etc. position. This is custom for you to change though, so if you want longer position tracking for the day, choose: 26 candles (this is the amount of 15M candles during the day), but keep in mind that for second/third position > it may not show you the TP1/SL. Config: The table showing positions will show current open position on the bottom cell if position is opened per indicator, you can move or even hide this table in the indicator settings. (Please note: this is decorative thing and sometimes may show a position open, which is not actually open, especially when the market is not currently open). Tip: Note: if pivots are too far away from each other and there is either big profit already or another support/resistance indicator (VWAP, SMA, support & resistance levels, etc.) – it is wise to take some profit off and move SL to Entry to secure profits in case market decides to turn around. This is especially wise if you trade Options as they include Theta (options price decay over time). Please note: back-test results displayed above were done without VWAP. Tip: R5 > R4 and S5 > S4 are riskier signals as there are no pivots above/below for the SL, the script does not have a built-in stop-loss level/indicator for these, so you will need to manually set your stop-losses for these signals. Last day pivots often can help with this or simply use most recent support & resistance levels. Tip: If trading S&P: be careful opening positions near 3PM ET, as during the “power hour” – 3-4PM ET > volatility increases and direction of the price becomes much more unpredictable. Similar: if you are in profit, it is wise to close the majority of your position at 3PM ET, before the “power hour” starts. Tip: Very conservative trading approach: after signal happens, wait for a bounce back (price going back touching the pivot) and open position right there, that way > SL will be smaller and better risk/reward ration. Tip: There is no limit on how many signals the script will show if it meets the conditions (in case you miss one of the signals and conditions repeat > you can still get into decent trade at next signal if it matches the condition). Note1: if candle closes crossing/breaking several pivots at the same time and that same candle will touch take profit pivot – the script is configured to minimize showing/alerting signals/TP/SL for such conditions, so that you don’t get a very dirty chart / spammed with alerts, however sometimes it may or may not show signals and/or take profits/losses incorrectly. Overall, when you see such huge candles, it means that market volatility is bigger than usual, so a caution should be practiced. Note2: If the signal candle almost nearly touches the first take profit area > it’s best not to open a position (you literally opening it at the first take profit pivot, and it may bounce the other way from that same pivot). Note3: You may sometimes see take profit/stop-loss indicators in the beginning of the day or simply when pivot levels change, this is due to script registering the position open per old pivot levels and then show you take profit/stop-loss per new pivot levels.
Pine Script® göstergesi
tso_trade tarafından
23
NYSE New Highs vs New LowsNYSE New Highs vs New Lows is a simple market breadth indicator that compares HIGN, the number of new highs during that day, and LOWN, the number of new lows. The new highs are on top and lows are appropriately on bottom. Without averaging, it's a little chaotic so you can smooth them out as much as you want, and the top-right label shows how much you're smoothing. Interpretation: Essentially, we use $SPY or $QQQ as a proxy for what's going on in the market, but because the FAANG stocks are so heavily weighted, it's not always representative. If SPY is flat/down, but there are 200 new highs today, then one of the big boys is weighing down an otherwise very bullish market. It's like looking at one of those heatmap charts, but in a single number. Bullish Trend - Lots of new highs - Very few new lows Bearish Trend - Lots of new lows - Very few new highs Potential Reversal - Too high, 250+ - Too low, 150+
Pine Script® göstergesi
OverexposedPhotoOfADress tarafından
12