RSI Stop LossExperiment for using RSI as a stop loss value, shows where the price will be when the RSI increases or decreases by a specified amount.
Komut dosyalarını "stop loss" için ara
ATR Pips with Stop LossThis indicator shares ATR pips and a calculated 1.5 x stop loss calculation.
1st number is ATR.
2nd number is ATR x 1.5 (a typical SL when trading daily time frame).
The plot lines are really not that important- it's the actual numbers.
What I do is uncheck the plot line checkboxes (ATR & SL) so it doesn't show up, that way I can reduce the indicator window.
This script is a modified script by ATR Pips . Kept the BB section for now as it might be useful, but doubt it.
Future updates:
- editable the multiple for SL
- static daily numbers (right now this shows the timeframe you are viewing, I'd keep that but add a static daily ATR so you have both)
poki buy and sell Take profit and stop lossThis indicator is based on modelius model of lazy bear weis model with ATR for the buy=B sell =S
in addition there is Take profit and stop loss in % both for short and for long
next stage is to know the resistance level and support based on bollinger marked in blue and red dots
Also included Parabolic Sar (blue and red dots rising up or down)
The color of bulish or bearish zone is based on the cross of Hull avreage and linear regression ( for each time set may need different setting for accuracy )
So how to use this scrupt to better profit
1. if you have B signal and its on lower support level then its good starting place for buy. look at the Parabolic Sar if its in agreement. The exit can be either by S =sell, Take profit that you decide on % or by end of Parabolic SAR upward
2. exact the oposite for short
Play with setting for the desired results or change modify this script for your purpose
Pivot Stop LossHere we intend to use pivot points for stop loss and take profit. This has the added benefit of helping you to visualize support and resistance levels.
ATR Stop Loss VisualizerThis will help you figure out what stop loss settings work best for you. Some people might prefer ATR 14 * 0.5 for shorter timeframes, some might prefer more extreme settings such as ATR 30 * 2 to not get stopped out as often.
Hull modelius take profit and stop lossThis model has Hull moving average, fibs in form of Bollinger ,SMA and Modelius model with ATR for buy and sell power based on weis volume. Inside alerts for buy and sell. take profit and stop loss for both longs and shorts
so have fun
GreenyyP Leverage Vortex v6Function Summary of “GreenyyP Leverage Vortex v6”
General Settings
Input fields for long and short base prices
Configurable leverage factor
Adjustable line length and label offset
Toggles for chart labels and scale display
Separate switch to show/hide base-price lines
Individually Toggleable Levels
Each level can be turned on or off independently under the Long/Short groups:
L1, L2, L3 (percentage deviations from the entry price)
TP (Take Profit)
SL (Stop Loss)
Automatic Stop-Loss Correction
SL percentages are processed with math.abs()
Ensures SL lines always plot below (for Long) or above (for Short) the base price regardless of input sign
Drawing Logic
All lines and labels redraw every 10 bars to keep the chart clean
Previous labels are deleted before drawing new ones
Lines are drawn with a width of 2 for clear visibility
Base-Price Lines & Labeling
Optional solid lines for Long and Short base prices
White price labels for each base line
Percentage or short text labels (e.g. “L1: 5%”, “TP: 20%”, “SL: 5%”) with configurable transparency
With these features, you get fully customizable level-plotting, automatic SL handling, and clear visual cues directly on your chart.
LANZ Strategy 6.0🔷 LANZ Strategy 6.0 — One-Shot NY Candle Logic with Dynamic SL/TP, Multi-Account Lot Sizing and Visual Confirmation System
LANZ Strategy 6.0 is a high-precision, visually driven indicator that executes a single operation per day based on the 09:00 a.m. New York candle. Built for simplicity and accuracy, it calculates dynamic Stop Loss and Take Profit levels using the candle range, and adapts position sizing per account with pip-accurate risk control. All actions are visualized in real-time for full clarity.
📌 This is an indicator, not a strategy — It does not place trades automatically, but provides exact entry setups, SL/TP levels, risk-based lot size guidance, and optional alerts.
🧠 Core Logic & Features
🚀 Entry Signal (BUY Only)
A BUY setup is triggered only once per day, when:
The current candle is the 09:00–10:00 a.m. NY session candle
The candle is bullish (close > open)
This single candle is used to define the trade levels for the day, and the signal is only evaluated once. If bullish, a visual "BUY" label appears with SL/TP/EP levels calculated from the candle body or full range.
⚙️ Stop Loss and Take Profit
You can configure:
SL as a percentage of the candle’s range (from wick to wick), or use the wick extreme
RR ratio (e.g., 1:4) to dynamically calculate the TP based on SL
Each level is drawn as a line:
EP (Entry Price) at the candle’s close
SL below the low (or % of range)
TP above the entry at the selected RR
💰 Risk-Based Lot Size Calculation per Account
Manage up to 5 independent accounts simultaneously. Each account can have:
Its own capital
Its own risk percentage per trade
Lot size is calculated automatically for each based on:
Defined SL in pips
The pip value (auto-detected for Forex or manually defined for indices/gold)
📋 All lot sizes are displayed in a dedicated info panel, with their corresponding risk-adjusted values per account.
🖼️ Trade Visualization Panel
When a trade is active, a clean table is displayed in the top-right corner showing:
TP / SL / EP levels
Distance in pips for SL and TP
Lot size per account
Line visuals (style, color, thickness) are fully customizable.
🧪 Outcome Tracking (Real-Time Labels)
For each trade:
If SL is hit → a label shows “–1.00%” at the SL level
If TP is hit → a label shows “+X.XX%” at the TP level
If still open at 3:00 p.m. NY, the trade closes manually and the actual result (in %) is calculated and labeled on chart
🔔 Alerts You Can Trust
You'll get an alert when:
A BUY entry is confirmed
SL or TP is hit
Manual close is triggered at 15:00 NY
All alerts include the symbol, price, and result for immediate action or tracking.
🧭 Execution Flow Summary
Every day:
At 09:00 a.m. NY → Evaluate candle
If bullish:
Set EP, SL, TP
Calculate lot sizes
Plot lines + labels
Display dashboard panel
Monitor SL/TP hits
At 15:00 NY → Force close if needed
💡 Ideal For:
Traders who want a clean, single-shot entry system per day
Index or gold traders who operate with strict SL/TP logic
Anyone managing multiple accounts or fixed-capital models
Visual learners and disciplined execution fans
👨💻 Credits:
💡 Developed by: LANZ
🧠 Execution Model & Logic Design: LANZ
📅 Designed for: 1H timeframe, high-conviction NY-based entries
📈 Purpose: Clean decision-making, precision risk control, visual certainty
Adaptive ATR Trailing Stops█ Introduction
This script is based on the average true range (ATR) and has been improved with the HHV or LLV. The script supports the trader to have his stoploss trailed. In this case, the stoploss is dynamic and can be adjusted with each candleclose.
█ What Does This Indicator Do?
The ATR SL Trailing Indicator helps you dynamically adjust your stop-loss levels based on market movements. It uses market volatility to calculate trailing stop-loss levels, ensuring you can secure profits or minimize losses. The indicator creates two lines:
A green/red line for long positions (when you’re betting on prices going up).
A green/red line for short positions (when you’re betting on prices going down).
█ Key Concepts: How Does the Indicator Work?
The Average True Range (ATR) measures market volatility, showing how much the price moves over a specific period.
A high ATR indicates a volatile market (large price swings), while a low ATR indicates a quiet market (smaller price changes).
Why is ATR important? ATR helps dynamically adjust the distance between your stop-loss and the current price. In volatile markets, the stop-loss is placed further away to avoid being triggered by short-term fluctuations. In quieter markets, the stop-loss is set closer to the price.
The HHV is the highest price over a specific period. For long positions, the indicator uses the highest price minus an ATR-based value to determine the stop-loss level.
Why is HHV important? HHV ensures the stop-loss for long positions only moves up when the price reaches new highs. Once the price starts falling, the stop-loss remains unchanged to lock in profits or minimize losses.
The LLV is the lowest price over a specific period. For short positions, the indicator uses the lowest price plus an ATR-based value to determine the stop-loss level.
Why is LLV important? LLV ensures the stop-loss for short positions only moves down when the price reaches new lows. Once the price starts rising, the stop-loss remains unchanged to lock in profits or minimize losses.
█ How Does the Indicator Work?
For Long Positions:
The indicator sets the stop-loss below the current price, based on:
Market volatility (ATR).
The highest price over a specific period (HHV).
The line turns green when the current price is above the stop-loss.
The line turns red when the price drops below the stop-loss, signaling you may need to exit the trade.
For Short Positions:
The indicator sets the stop-loss above the current price, based on:
*Market volatility (ATR).
*The lowest price over a specific period (LLV).
*The line turns green when the current price is below the stop-loss.
*The line turns red when the price moves above the stop-loss, signaling you may need to exit the trade.
█ Advantages of the ATR SL Trailing Indicator
*Dynamic and adaptive: Automatically adjusts stop-loss levels based on market volatility.
*Visual clarity: Green and red lines clearly indicate whether your position is safe or at risk.
*Effective risk management: Helps you lock in profits and minimize losses without the need for constant manual adjustments.
█ When Should You Use This Indicator?
*If you practice trend-based trading and want your stop-losses to automatically adapt to market movements.
*In volatile markets, to avoid being stopped out by short-term fluctuations.
*When you want to implement efficient risk management without manually adjusting your positions.
█ Inputs
The user can set the indicator for both longs and shorts. This is particularly important because the calculation is different. The HHV is used for longs and the LLV for shorts. The user can therefore set the period/length for the ATR on the one hand and the HHV/LLV on the other. He also has a multiplier, which can also be customized. The multiplier multiplies the price change of each individual candle.
█ Color Change
If the SL is trailed and the price breaks a line, the color changes. In this case, it would have executed the SL on an open trade.
Uptrick: RSI Histogram
1. **Introduction to the RSI and Moving Averages**
2. **Detailed Breakdown of the Uptrick: RSI Histogram**
3. **Calculation and Formula**
4. **Visual Representation**
5. **Customization and User Settings**
6. **Trading Strategies and Applications**
7. **Risk Management**
8. **Case Studies and Examples**
9. **Comparison with Other Indicators**
10. **Advanced Usage and Tips**
---
## 1. Introduction to the RSI and Moving Averages
### **1.1 Relative Strength Index (RSI)**
The Relative Strength Index (RSI) is a momentum oscillator developed by J. Welles Wilder and introduced in his 1978 book "New Concepts in Technical Trading Systems." It is widely used in technical analysis to measure the speed and change of price movements.
**Purpose of RSI:**
- **Identify Overbought/Oversold Conditions:** RSI values range from 0 to 100. Traditionally, values above 70 are considered overbought, while values below 30 are considered oversold. These thresholds help traders identify potential reversal points in the market.
- **Trend Strength Measurement:** RSI also indicates the strength of a trend. High RSI values suggest strong bullish momentum, while low values indicate bearish momentum.
**Calculation of RSI:**
1. **Calculate the Average Gain and Loss:** Over a specified period (e.g., 14 days), calculate the average gain and loss.
2. **Compute the Relative Strength (RS):** RS is the ratio of average gain to average loss.
3. **RSI Formula:** RSI = 100 - (100 / (1 + RS))
### **1.2 Moving Averages (MA)**
Moving Averages are used to smooth out price data and identify trends by filtering out short-term fluctuations. Two common types are:
**Simple Moving Average (SMA):** The average of prices over a specified number of periods.
**Exponential Moving Average (EMA):** A type of moving average that gives more weight to recent prices, making it more responsive to recent price changes.
**Smoothed Moving Average (SMA):** Used to reduce the impact of volatility and provide a clearer view of the underlying trend. The RMA, or Running Moving Average, used in the USH script is similar to an EMA but based on the average of RSI values.
## 2. Detailed Breakdown of the Uptrick: RSI Histogram
### **2.1 Indicator Overview**
The Uptrick: RSI Histogram (USH) is a technical analysis tool that combines the RSI with a moving average to create a histogram that reflects momentum and trend strength.
**Key Components:**
- **RSI Calculation:** Determines the relative strength of price movements.
- **Moving Average Application:** Smooths the RSI values to provide a clearer trend indication.
- **Histogram Plotting:** Visualizes the deviation of the smoothed RSI from a neutral level.
### **2.2 Indicator Purpose**
The primary purpose of the USH is to provide a clear visual representation of the market's momentum and trend strength. It helps traders identify:
- **Bullish and Bearish Trends:** By showing how far the smoothed RSI is from the neutral 50 level.
- **Potential Reversal Points:** By highlighting changes in momentum.
### **2.3 Indicator Design**
**RSI Moving Average (RSI MA):** The RSI MA is a smoothed version of the RSI, calculated using a running moving average. This smooths out short-term fluctuations and provides a clearer indication of the underlying trend.
**Histogram Calculation:**
- **Neutral Level:** The histogram is plotted relative to the neutral level of 50. This level represents a balanced market where neither bulls nor bears have dominance.
- **Histogram Values:** The histogram bars show the difference between the RSI MA and the neutral level. Positive values indicate bullish momentum, while negative values indicate bearish momentum.
## 3. Calculation and Formula
### **3.1 RSI Calculation**
The RSI calculation involves:
1. **Average Gain and Loss:** Calculated over the specified length (e.g., 14 periods).
2. **Relative Strength (RS):** RS = Average Gain / Average Loss.
3. **RSI Formula:** RSI = 100 - (100 / (1 + RS)).
### **3.2 Moving Average Calculation**
For the USH indicator, the RSI is smoothed using a running moving average (RMA). The RMA formula is similar to that of the EMA but is based on averaging RSI values over the specified length.
### **3.3 Histogram Calculation**
The histogram value is calculated as:
- **Histogram Value = RSI MA - 50**
**Plotting the Histogram:**
- **Positive Histogram Values:** Indicate that the RSI MA is above the neutral level, suggesting bullish momentum.
- **Negative Histogram Values:** Indicate that the RSI MA is below the neutral level, suggesting bearish momentum.
## 4. Visual Representation
### **4.1 Histogram Bars**
The histogram is plotted as bars on the chart:
- **Bullish Bars:** Colored green when the RSI MA is above 50.
- **Bearish Bars:** Colored red when the RSI MA is below 50.
### **4.2 Customization Options**
Traders can customize:
- **RSI Length:** Adjust the length of the RSI calculation to match their trading style.
- **Bull and Bear Colors:** Choose colors for histogram bars to enhance visual clarity.
### **4.3 Interpretation**
**Bullish Signal:** A histogram bar that moves from red to green indicates a potential shift to a bullish trend.
**Bearish Signal:** A histogram bar that moves from green to red indicates a potential shift to a bearish trend.
## 5. Customization and User Settings
### **5.1 Adjusting RSI Length**
The length parameter determines the number of periods over which the RSI is calculated and smoothed. Shorter lengths make the RSI more sensitive to price changes, while longer lengths provide a smoother view of trends.
### **5.2 Color Settings**
Traders can adjust:
- **Bull Color:** Color of histogram bars indicating bullish momentum.
- **Bear Color:** Color of histogram bars indicating bearish momentum.
**Customization Benefits:**
- **Visual Clarity:** Traders can choose colors that stand out against their chart’s background.
- **Personal Preference:** Adjust settings to match individual trading styles and preferences.
## 6. Trading Strategies and Applications
### **6.1 Trend Following**
**Identifying Entry Points:**
- **Bullish Entry:** When the histogram changes from red to green, it signals a potential entry point for long positions.
- **Bearish Entry:** When the histogram changes from green to red, it signals a potential entry point for short positions.
**Trend Confirmation:** The histogram helps confirm the strength of a trend. Strong, consistent green bars indicate robust bullish momentum, while strong, consistent red bars indicate robust bearish momentum.
### **6.2 Swing Trading**
**Momentum Analysis:**
- **Entry Signals:** Look for significant shifts in the histogram to time entries. A shift from bearish to bullish (red to green) indicates potential for upward movement.
- **Exit Signals:** A shift from bullish to bearish (green to red) suggests a potential weakening of the trend, signaling an exit or reversal point.
### **6.3 Range Trading**
**Market Conditions:**
- **Consolidation:** The histogram close to zero suggests a range-bound market. Traders can use this information to identify support and resistance levels.
- **Breakout Potential:** A significant move away from the neutral level may indicate a potential breakout from the range.
### **6.4 Risk Management**
**Stop-Loss Placement:**
- **Bullish Positions:** Place stop-loss orders below recent support levels when the histogram is green.
- **Bearish Positions:** Place stop-loss orders above recent resistance levels when the histogram is red.
**Position Sizing:** Adjust position sizes based on the strength of the histogram signals. Strong trends (indicated by larger histogram bars) may warrant larger positions, while weaker signals suggest smaller positions.
## 7. Risk Management
### **7.1 Importance of Risk Management**
Effective risk management is crucial for long-term trading success. It involves protecting capital, managing losses, and optimizing trade setups.
### **7.2 Using USH for Risk Management**
**Stop-Loss and Take-Profit Levels:**
- **Stop-Loss Orders:** Use the histogram to set stop-loss levels based on trend strength. For instance, place stops below support levels in bullish trends and above resistance levels in bearish trends.
- **Take-Profit Targets:** Adjust take-profit levels based on histogram changes. For example, lock in profits as the histogram starts to shift from green to red.
**Position Sizing:**
- **Trend Strength:** Scale position sizes based on the strength of histogram signals. Larger histogram bars indicate stronger trends, which may justify larger positions.
- **Volatility:** Consider market volatility and adjust position sizes to mitigate risk.
## 8. Case Studies and Examples
### **8.1 Example 1: Bullish Trend**
**Scenario:** A trader notices a transition from red to green histogram bars.
**Analysis:**
- **Entry Point:** The transition indicates a potential bullish trend. The trader decides to enter a long position.
- **Stop-Loss:** Set stop-loss below recent support levels.
- **Take-Profit:** Consider taking profits as the histogram moves back towards zero or turns red.
**Outcome:** The bullish trend continues, and the histogram remains green, providing a profitable trade setup.
### **8.2 Example 2: Bearish Trend**
**Scenario:** A trader observes a transition from green to red histogram bars.
**Analysis:**
- **Entry Point:** The transition suggests a potential
bearish trend. The trader decides to enter a short position.
- **Stop-Loss:** Set stop-loss above recent resistance levels.
- **Take-Profit:** Consider taking profits as the histogram approaches zero or shifts to green.
**Outcome:** The bearish trend continues, and the histogram remains red, resulting in a successful trade.
## 9. Comparison with Other Indicators
### **9.1 RSI vs. USH**
**RSI:** Measures momentum and identifies overbought/oversold conditions.
**USH:** Builds on RSI by incorporating a moving average and histogram to provide a clearer view of trend strength and momentum.
### **9.2 RSI vs. MACD**
**MACD (Moving Average Convergence Divergence):** A trend-following momentum indicator that uses moving averages to identify changes in trend direction.
**Comparison:**
- **USH:** Provides a smoothed RSI perspective and visual histogram for trend strength.
- **MACD:** Offers signals based on the convergence and divergence of moving averages.
### **9.3 RSI vs. Stochastic Oscillator**
**Stochastic Oscillator:** Measures the level of the closing price relative to the high-low range over a specified period.
**Comparison:**
- **USH:** Focuses on smoothed RSI values and histogram representation.
- **Stochastic Oscillator:** Provides overbought/oversold signals and potential reversals based on price levels.
## 10. Advanced Usage and Tips
### **10.1 Combining Indicators**
**Multi-Indicator Strategies:** Combine the USH with other technical indicators (e.g., Moving Averages, Bollinger Bands) for a comprehensive trading strategy.
**Confirmation Signals:** Use the USH to confirm signals from other indicators. For instance, a bullish histogram combined with a moving average crossover may provide a stronger buy signal.
### **10.2 Customization Tips**
**Adjust RSI Length:** Experiment with different RSI lengths to match various market conditions and trading styles.
**Color Preferences:** Choose histogram colors that enhance visibility and align with personal preferences.
### **10.3 Continuous Learning**
**Backtesting:** Regularly backtest the USH with historical data to refine strategies and improve accuracy.
**Education:** Stay updated with trading education and adapt strategies based on market changes and personal experiences.
DR OF ORB ( MEROOOO )this indicator marks the first 15 min candle of each session
if the market closed above the box go long with stop loss blow the box
and vice versa
Crypto Master IndicatorThe Crypto Master Indicator (CMI) is a custom technical indicator for the TradingView platform, written in Pine Script (version 5), designed to assist traders, particularly in the cryptocurrency market, in identifying buying and selling opportunities. It combines multiple technical indicators (Moving Averages, RSI, MACD, Bollinger Bands, and Volume) to generate entry and exit signals, while also providing information about trends, momentum, and support/resistance levels. Below is a detailed description:
1. Purpose of the Indicator
The CMI is an overlay indicator that plots visual signals directly on the price chart, helping to identify:
Trends: Determines whether the market is in an uptrend, downtrend, or sideways.
Entry/Exit Signals: Generates buy signals (green triangles) and sell signals (red triangles) based on technical conditions.
Signal Strength: Uses more intense colors to indicate more reliable signals.
Support and Resistance Levels: Dynamically calculates levels based on Bollinger Bands and moving averages.
Risk Management: Suggests stop loss and profit targets based on the ATR (Average True Range).
1,8s
Smart Scalper - Liquidez + Tendência + ConfirmaçãoTrend Identification
EMA (Exponential Moving Average) 50-period:
Serves as a trend guide — prices above the EMA indicate an uptrend, below indicate a downtrend.
Supertrend:
Confirms and filters the trend with greater precision. It uses ATR to detect trend reversals with less lag.
2. Price Action as a Trigger
Bullish/Bearish Engulfing:
Detects strong reversals based on two-candle patterns (e.g., a green candle that "engulfs" the previous red candle).
Pin Bar:
Detects price rejections with long wicks — a classic sign of movement exhaustion.
These patterns are only considered if aligned with the trend identified by EMA + Supertrend.
3. Fair Value Gap (FVG)
Identifies liquidity imbalances between buyers and sellers, where the price may return to "fill."
Bullish FVG (purple circle) = potential support.
Bearish FVG (pink circle) = potential resistance.
Useful as an entry point or target if the price returns to the region.
✅ Conditions for a Buy Signal
Price above the EMA.
Supertrend in an uptrend.
Bullish Engulfing or Bullish Pin Bar.
✅ Conditions for a Sell Signal
Price below the EMA.
Supertrend in a downtrend.
Bearish Engulfing or Bearish Pin Bar.
📊 Visual Elements
Green arrows for buy signals and red arrows for sell signals.
Purple and fuchsia circles for liquidity gaps (FVG).
Orange EMA line and colored Supertrend line.
🔔 Alerts
You can set up automatic alerts on TradingView for:
Confirmed buy signal
Confirmed sell signal
🧠 How to Use in Practice
Use on short timeframes (1min, 3min, 5min) for scalping.
Combine with small targets (0.2%–0.5%) and tight stop-losses.
Check if the signal appears near FVG regions or support/resistance for added confluence.
Confirm with volume or another indicator for extra confidence.
915ms
Neuracap Gap AnalysisThe Neuracap Gap Analysis indicator is a comprehensive tool designed to identify and track price gaps, special candlestick patterns, and high-volume breakout signals. It combines multiple trading strategies into one powerful indicator for gap trading, pattern recognition, and momentum analysis.
🎯 What This Indicator Does
1. Gap Detection & Tracking
Automatically identifies price gaps (up and down)
Tracks gap fills with visual boxes that extend until closed
Manages gap history with customizable limits
Color-coded visualization (Green = Gap Up, Red = Gap Down)
2. Upside Tasuki Gap Pattern
Identifies the bullish continuation pattern
Colors candles yellow when pattern is detected
Confirms trend continuation signals
3. Episodic Pivot Detection
High-volume breakout identification
EMA filter ensures signals only in uptrends
Strong momentum confirmation
Fuchsia-colored candles with arrow markers
🔍 How to Use for Trading
📈 Gap Trading Strategy
Gap Up Trading:
Wait for gap up (green box appears)
Check volume - Higher volume = stronger signal
Entry options:
Aggressive: Enter at market open
Conservative: Wait for pullback to gap level
Stop loss: Below the gap fill level
Target: Previous resistance or 2:1 risk/reward
Gap Down Trading:
Identify gap down (red box appears)
Look for bounce opportunities
Entry: When price shows reversal signs
Stop: Below recent lows
Target: Gap fill level
💫 Tasuki Gap Strategy
Yellow candle indicates bullish continuation
Confirms uptrend is likely to continue
Entry: On next candle after pattern
Stop: Below the gap low
Target: Next resistance level
🚀 Episodic Pivot Strategy
Fuchsia candle + arrow = High probability breakout
All conditions met:
Price above EMA 20, 50, 200
High volume (2x+ average)
Strong price move (4%+)
Entry: At close or next open
Stop: Below EMA 20 or recent swing low
Target: Measured move or next resistance
📊 Reading the Visual Signals
Gap Boxes
🟢 Green Box: Gap up - potential bullish continuation
🔴 Red Box: Gap down - potential bounce or bearish continuation
Box extends until gap is filled
Box disappears when gap closes
Candle Colors
🟡 Yellow: Tasuki gap pattern (bullish continuation)
🟪 Fuchsia: Episodic pivot (high-volume breakout)
⬜ Normal: No special pattern detected
Arrows & Markers
⬆️ Triangle Arrow: Episodic pivot confirmation
💡 Trading Tips & Best Practices
✅ Do's
Combine with trend analysis - Trade gaps in direction of trend
Check volume - Higher volume = more reliable signals
Use multiple timeframes - Confirm on higher timeframes
Risk management - Always set stop losses
Wait for confirmation - Don't chase, let signals develop
❌ Don'ts
Don't trade all gaps - Focus on high-quality setups
Avoid low volume - Weak volume = unreliable signals
Don't ignore trend - Counter-trend trading is risky
Don't overtrade - Quality over quantity
Don't ignore context - Consider market conditions
⚠️ Risk Management
Position sizing: Risk 1-2% per trade
Stop losses: Always define before entry
Target levels: Set realistic profit targets
Market conditions: Avoid trading in choppy markets
📈 Performance Optimization
For Conservative Traders:
Increase minimum gap size to 1%
Set volume multiplier to 3.0x
Only trade episodic pivots in strong uptrends
Wait for gap fill confirmation
For Aggressive Traders:
Decrease minimum gap size to 0.3%
Set volume multiplier to 1.5x
Trade both gap types
Enter on pattern confirmation
🚨 Alert Setup
The indicator provides alerts for:
Gap Up Detected
Gap Down Detected
Upside Tasuki Gap
Episodic Pivot
Recommended: Enable all alerts and filter manually based on your strategy.
📝 Summary
This indicator excels at identifying high-probability trading opportunities through gap analysis, pattern recognition, and momentum confirmation. Use it as part of a complete trading system with proper risk management for best results.
Stochastic RSI with MTF TableShort Description of the Script
The provided Pine Script indicator, titled "Stochastic RSI with MTF Table," calculates and displays the Stochastic RSI for the current timeframe and multiple other timeframes (5m, 15m, 30m, 60m, 240m, and daily). The Stochastic RSI is a momentum indicator that blends the Relative Strength Index (RSI) and Stochastic Oscillator to identify overbought and oversold conditions, as well as potential trend reversals via K and D line crossovers.
Key features of the script include:
Inputs: Customizable parameters such as K smoothing (default 3), D smoothing (default 3), RSI length (default 14), Stochastic length (default 14), source price (default close), and overbought/oversold levels (default 80/20).
MTF Table: A table displays the Stochastic RSI status for each timeframe:
"OB" (overbought) if K > 80, "OS" (oversold) if K < 20, or "N" (neutral) otherwise.
Crossovers: "K↑D" for bullish (K crosses above D) and "K↓D" for bearish (K crosses below D).
Visualization: Plots the K and D lines for the current timeframe, with horizontal lines at 80 (overbought), 50 (middle), and 20 (oversold), plus a background fill for clarity.
Table Position: Configurable to appear in one of four chart corners (default: top-right).
This indicator helps traders assess momentum across multiple timeframes simultaneously, aiding in the identification of trend strength and potential entry/exit points.
Trading Strategy with 50EMA and 200EMA for Highest Winning Rate
To create a strategy with the best probability of a high winning rate using the Stochastic RSI MTF indicator alongside the 50-period Exponential Moving Average (50EMA) and 200-period Exponential Moving Average (200EMA), we can combine trend identification with momentum-based entry timing. The 50EMA and 200EMA are widely used to determine medium- and long-term trends, while the Stochastic RSI MTF table provides multi-timeframe momentum signals. Here’s the strategy:
1. Determine the Overall Trend
Bullish Trend: The 50EMA is above the 200EMA on the current timeframe (e.g., daily or 60m chart). This suggests an uptrend, often associated with a "Golden Cross."
Bearish Trend: The 50EMA is below the 200EMA on the current timeframe. This indicates a downtrend, often linked to a "Death Cross."
Implementation: Plot the 50EMA and 200EMA on your chart and visually confirm their relative positions.
2. Identify Entry Signals Using the Stochastic RSI MTF Table
In a Bullish Trend (50EMA > 200EMA):
Look for timeframes in the MTF table showing:
Oversold (OS): K < 20, indicating a potential pullback in the uptrend where price may rebound.
Bullish Crossover (K↑D): K crosses above D, signaling rising momentum and a potential entry point.
Example: If the 60m and 240m timeframes show "OS" or "K↑D," this could be a buy signal.
In a Bearish Trend (50EMA < 200EMA):
Look for timeframes in the MTF table showing:
Overbought (OB): K > 80, suggesting a rally in the downtrend where price may reverse downward.
Bearish Crossover (K↓D): K crosses below D, indicating declining momentum and a potential short entry.
Example: If the 30m and daily timeframes show "OB" or "K↓D," this could be a sell/short signal.
Current Timeframe Check: Use the plotted K and D lines on your trading timeframe for precise entry timing (e.g., confirm a K↑D crossover on a 60m chart for a long trade).
3. Confirm Signals Across Multiple Timeframes
Strengthen the Signal: A higher winning rate is more likely when multiple timeframes align with the trend and signal. For instance:
Bullish trend + "OS" or "K↑D" on 60m, 240m, and daily = strong buy signal.
Bearish trend + "OB" or "K↓D" on 15m, 60m, and 240m = strong sell signal.
Prioritize Higher Timeframes: Signals from the 240m or daily timeframe carry more weight due to their indication of broader trends, increasing reliability.
4. Set Stop-Loss and Take-Profit Levels
Long Trades (Bullish):
Stop-Loss: Place below the most recent swing low or below the 50EMA, whichever is closer, to protect against trend reversals.
Take-Profit: Target a key resistance level or use a risk-reward ratio (e.g., 2:1 or 3:1) based on the stop-loss distance.
Short Trades (Bearish):
Stop-Loss: Place above the most recent swing high or above the 50EMA, whichever is closer.
Take-Profit: Target a key support level or apply a similar risk-reward ratio.
Trailing Stop Option: As the trend progresses, trail the stop below the 50EMA (for longs) or above it (for shorts) to lock in profits.
5. Risk Management
Position Sizing: Risk no more than 1-2% of your trading capital per trade to minimize losses from false signals.
Volatility Consideration: Adjust stop-loss distances and position sizes based on the asset’s volatility (e.g., wider stops for volatile stocks or crypto).
Avoid Overtrading: Wait for clear alignment between the EMA trend and MTF signals to avoid low-probability setups.
Example Scenario
Chart: 60-minute timeframe.
Trend: 50EMA > 200EMA (bullish).
MTF Table: 60m shows "OS," 240m shows "K↑D," and daily is "N."
Action: Enter a long position when the 60m K line crosses above D, confirming the table signal.
Stop-Loss: Below the recent 60m swing low (e.g., 2% below entry).
Take-Profit: At the next resistance level or a 3:1 reward-to-risk ratio.
Outcome: High probability of success due to trend alignment and multi-timeframe confirmation.
Why This Strategy Works
Trend Following: Trading in the direction of the 50EMA/200EMA trend reduces the risk of fighting the market’s momentum.
Momentum Timing: The Stochastic RSI MTF table pinpoints pullbacks or reversals within the trend, improving entry timing.
Multi-Timeframe Confirmation: Alignment across timeframes filters out noise, increasing the win rate.
Risk Control: Defined stop-loss and position sizing protect against inevitable losses.
Caveats
No strategy guarantees a 100% win rate; false signals can occur, especially in choppy markets.
Test this strategy on historical data or a demo account to verify its effectiveness for your asset and timeframe.
This approach leverages the strengths of both trend-following (EMA) and momentum (Stochastic RSI) tools, aiming for a high-probability, disciplined trading system.
Filtered MACD with Backtest [UAlgo]The "Filtered MACD with Backtest " indicator is an advanced trading tool designed for the TradingView platform. It combines the Moving Average Convergence Divergence (MACD) with additional filters such as Moving Average (MA) and Average Directional Index (ADX) to enhance trading signals. This indicator aims to provide more reliable entry and exit points by filtering out noise and confirming trends. Additionally, it includes a comprehensive backtesting module to simulate trading strategies and assess their performance based on historical data. The visual backtest module allows traders to see potential trades directly on the chart, making it easier to evaluate the effectiveness of the strategy.
🔶 Customizable Parameters :
Price Source Selection: Users can choose their preferred price source for calculations, providing flexibility in analysis.
Filter Parameters:
MA Filter: Option to use a Moving Average filter with types such as EMA, SMA, WMA, RMA, and VWMA, and a customizable length.
ADX Filter: Option to use an ADX filter with adjustable length and threshold to determine trend strength.
MACD Parameters: Customizable fast length, slow length, and signal smoothing for the MACD indicator.
Backtest Module:
Entry Type: Supports "Buy and Sell", "Buy", and "Sell" strategies.
Stop Loss Types: Choose from ATR-based, fixed point, or X bar high/low stop loss methods.
Reward to Risk Ratio: Set the desired take profit level relative to the stop loss.
Backtest Visuals: Display entry, stop loss, and take profit levels directly on the chart with
colored backgrounds.
Alerts: Configurable alerts for buy and sell signals.
🔶 Filtered MACD : Understanding How Filters Work with ADX and MA
ADX Filter:
The Average Directional Index (ADX) measures the strength of a trend. The script calculates ADX using the user-defined length and applies a threshold value.
Trading Signals with ADX Filter:
Buy Signal: A regular MACD buy signal (crossover of MACD line above the signal line) is only considered valid if the ADX is above the set threshold. This suggests a stronger uptrend to potentially capitalize on.
Sell Signal: Conversely, a regular MACD sell signal (crossunder of MACD line below the signal line) is only considered valid if the ADX is above the threshold, indicating a stronger downtrend for potential shorting opportunities.
Benefits: The ADX filter helps avoid whipsaws or false signals that might occur during choppy market conditions with weak trends.
MA Filter:
You can choose from various Moving Average (MA) types (EMA, SMA, WMA, RMA, VWMA) for the filter. The script calculates the chosen MA based on the user-defined length.
Trading Signals with MA Filter:
Buy Signal: A regular MACD buy signal is only considered valid if the closing price is above the MA value. This suggests a potential uptrend confirmed by the price action staying above the moving average.
Sell Signal: Conversely, a regular MACD sell signal is only considered valid if the closing price is below the MA value. This suggests a potential downtrend confirmed by the price action staying below the moving average.
Benefits: The MA filter helps identify potential trend continuation opportunities by ensuring the price aligns with the chosen moving average direction.
Combining Filters:
You can choose to use either the ADX filter, the MA filter, or both depending on your strategy preference. Using both filters adds an extra layer of confirmation for your signals.
🔶 Backtesting Module
The backtesting module in this script allows you to visually assess how the filtered MACD strategy would have performed on historical data. Here's a deeper dive into its features:
Backtesting Type: You can choose to backtest for buy signals only, sell signals only, or both. This allows you to analyze the strategy's effectiveness in different market conditions.
Stop-Loss Types: You can define how stop-loss orders are placed:
ATR (Average True Range): This uses a volatility measure (ATR) multiplied by a user-defined factor to set the stop-loss level.
Fixed Point: This allows you to specify a fixed dollar amount or percentage value as the stop-loss.
X bar High/Low: This sets the stop-loss at a certain number of bars (defined by the user) above/below the bar's high (for long positions) or low (for short positions).
Reward-to-Risk Ratio: Define the desired ratio between your potential profit and potential loss on each trade. The backtesting module will calculate take-profit levels based on this ratio and the stop-loss placement.
🔶 Disclaimer:
Use with Caution: This indicator is provided for educational and informational purposes only and should not be considered as financial advice. Users should exercise caution and perform their own analysis before making trading decisions based on the indicator's signals.
Not Financial Advice: The information provided by this indicator does not constitute financial advice, and the creator (UAlgo) shall not be held responsible for any trading losses incurred as a result of using this indicator.
Backtesting Recommended: Traders are encouraged to backtest the indicator thoroughly on historical data before using it in live trading to assess its performance and suitability for their trading strategies.
Risk Management: Trading involves inherent risks, and users should implement proper risk management strategies, including but not limited to stop-loss orders and position sizing, to mitigate potential losses.
No Guarantees: The accuracy and reliability of the indicator's signals cannot be guaranteed, as they are based on historical price data and past performance may not be indicative of future results.
Sideways Scalper Peak and BottomUnderstanding the Indicator
This indicator is designed to identify potential peaks (tops) and bottoms (bottoms) within a market, which can be particularly useful in a sideways or range-bound market where price oscillates between support and resistance levels without a clear trend. Here's how it works:
RSI (Relative Strength Index): Measures the speed and change of price movements to identify overbought (above 70) and oversold (below 30) conditions. In a sideways market, RSI can help signal when the price might be due for a reversal within its range.
Moving Averages (MAs): The Fast MA and Slow MA provide a sense of the short-term and longer-term average price movements. In a sideways market, these can help confirm if the price is at the upper or lower extremes of its range.
Volume Spike: Looks for significant increases in trading volume, which might indicate a stronger move or a potential reversal point when combined with other conditions.
Divergence: RSI divergence occurs when the price makes a new high or low, but the RSI does not, suggesting momentum is weakening, which can be a precursor to a reversal.
How to Use in a Sideways Market
Identify the Range: First, visually identify the upper resistance and lower support levels of the sideways market on your chart. This indicator can help you spot these levels more precisely by signaling potential peaks and bottoms.
Peak Signal :
When to Look: When the price approaches the upper part of the range.
Conditions: The indicator will give a 'Peak' signal when:
RSI is over 70, indicating overbought conditions.
There's bearish divergence (price makes a higher high, but RSI doesn't).
Volume spikes, suggesting strong selling interest.
Price is above both Fast MA and Slow MA, indicating it's at a potentially high point in the range.
Action: This signal suggests that the price might be at or near the top of its range and could reverse downwards. A trader might consider selling or shorting here, expecting the price to move towards the lower part of the range.
Bottom Signal:
When to Look: When the price approaches the lower part of the range.
Conditions: The indicator will give a 'Bottom' signal when:
RSI is below 30, indicating oversold conditions.
There's bullish divergence (price makes a lower low, but RSI doesn't).
Volume spikes, suggesting strong buying interest.
Price is below both Fast MA and Slow MA, indicating it's at a potentially low point in the range.
Action: This signal suggests that the price might be at or near the bottom of its range and could reverse upwards. A trader might consider buying here, expecting the price to move towards the upper part of the range.
Confirmation: In a sideways market, false signals can occur due to the lack of a strong trend. Always look for confirmation:
Volume Confirmation: A significant volume spike can add confidence to the signal.
Price Action: Look for price action like candlestick patterns (e.g., doji, engulfing patterns) that confirm the reversal.
Time Frame: Consider using this indicator on multiple time frames. A signal on a shorter time frame (like 15m or 1h) might be confirmed by similar conditions on a longer time frame (4h or daily).
Risk Management: Since this is designed for scalping in a sideways market:
Set Tight Stop-Losses: Due to the quick nature of reversals in range-bound markets, place stop-losses close to your entry to minimize loss.
Take Profit Levels: Set profit targets near the opposite end of the range or use a trailing stop to capture as much of the move as possible before it reverses again.
Practice: Before trading with real money, practice with this indicator on historical data or in a paper trading environment to understand how it behaves in different sideways market scenarios.
Key Points for New Traders
Patience: Wait for all conditions to align before taking a trade. Sideways markets require patience as the price might hover around these levels for a while.
Not All Signals Are Equal: Sometimes, even with all conditions met, the market might not reverse immediately. Look for additional context or confirmation.
Continuous Learning: Understand that this indicator, like any tool, isn't foolproof. Learn from each trade, whether it's a win or a loss, and adjust your strategy accordingly.
By following these guidelines
Strategy: Candlestick Wick Analysis with Volume Conditions
This strategy focuses on analyzing the wicks (or shadows) of candlesticks to identify potential trading opportunities based on candlestick structure and volume. Based on these criteria, it places stop orders at the extremities of the wicks when certain conditions are met, thus increasing the chances of capturing significant price movements.
Trading Criteria
Volume Conditions:
The strategy checks if the volume of the current candle is higher than that of the previous three candles. This ensures that the observed price movement is supported by significant volume, increasing the probability that the price will continue in the same direction.
Wick Analysis:
Upper Wick:
If the upper wick of a candle represents more than 90% of its body size and is longer than the lower wick, this indicates that the price tested a resistance level before pulling back.
Order Placement: In this case, a Buy Stop order is placed at the upper extremity of the wick. This means that if the price rises back to this level, the order will be triggered, and the trader will take a buy position.
SL Management: A stop-loss is then placed below the lowest point of the same candle. This protects the trader by limiting losses if the price falls back after the order is triggered.
Lower Wick:
If the lower wick of a candle is longer than the upper wick and represents more than 90% of its body size, this indicates that the price tested a support level before rising.
Order Placement: In this case, a Sell Stop order is placed at the lower extremity of the wick. Thus, if the price drops back to this level, the order will be triggered, and the trader will take a sell position.
SL Management: A stop-loss is then placed above the highest point of the same candle. This ensures risk management by limiting losses if the price rebounds upward after the order is triggered.
Strategy Advantages
Responsiveness to Price Movements: The strategy is designed to detect significant price movements based on the market's reaction around support and resistance levels. By placing stop orders directly at the wick extremities, it allows capturing strong movements in the direction indicated by the candles.
Securing Positions: Using stop-losses positioned just above or below key levels (wicks) provides better risk management. If the market doesn't move as expected, the position is automatically closed with a limited loss.
Clear Visual Indicators: Symbols are displayed on the chart at the points where orders have been placed, making it easier to understand trading decisions. This helps to quickly identify the support or resistance levels tested by the price, as well as potential entry points.
Conclusion
The strategy is based on the idea that large wicks signal areas where buyers or sellers have tested significant price levels before temporarily retreating. By placing stop orders at the extremities of these wicks, the strategy allows capturing price movements when they confirm, while limiting risks through strategically placed stop-losses. It thus offers a balanced approach between capturing potential profit and managing risk.
This description emphasizes the idea of capturing significant market movements with stop orders while providing a clear explanation of the logic and risk management. It’s tailored for publication on TradingView and highlights the robustness of the strategy.
Futures Risk CalculatorFutures Risk Calculator Script - Description
The Futures Risk Calculator (FRC) is a comprehensive tool designed to help traders effectively manage risk when trading futures contracts. This script allows users to calculate risk/reward ratios directly on the chart by specifying their entry price and stop loss. It's an ideal tool for futures traders who want to quantify their potential losses and gains with precision, based on their trading account size and the number of contracts they trade.
What the Script Does:
1. Risk and Reward Calculation:
The script calculates your total risk in dollars and as a percentage of your account size based on the entry and stop-loss prices you input.
It also calculates two key levels where potential reward (Take Profit 1 and Take Profit 2) can be expected, helping you assess the reward-to-risk ratio for any trade.
2. Customizable Settings:
You can specify the size of your trading account (available $ for Futures trading) and the number of futures contracts you're trading. This allows for tailored risk management that reflects your exact trading conditions.
3. Live Chart Integration:
You add the script to your chart after opening a futures chart in TradingView. Simply click on the chart to set your Entry Price and Stop Loss. The script will instantly calculate and display the risk and reward levels based on the points you set.
Adjusting the entry and stop-loss points later is just as easy: drag and drop the levels directly on the chart, and the risk and reward calculations update automatically.
4. Futures Contract Support:
The script is pre-configured with a list of popular futures symbols (like ES, NQ, CL, GC, and more). If your preferred futures contract isn’t in the list, you can easily add it by modifying the script.
The script uses each symbol’s point value to ensure precise risk calculations, providing you with an accurate dollar risk and potential reward based on the specific contract you're trading.
How to Use the Script:
1. Apply the Script to a Futures Chart:
Open a futures contract chart in TradingView.
Add the Futures Risk Calculator (FRC) script as an indicator.
2. Set Entry and Stop Loss:
Upon applying the script, it will prompt you to select your entry price by clicking the chart where you plan to enter the market.
Next, click on the chart to set your stop-loss level.
The script will then calculate your total risk in dollars and as a percentage of your account size.
3. View Risk, Reward, and (Take Profit):
You can immediately see visual lines representing your entry, stop loss, and the calculated reward-to-risk ratio levels (Take Profit 1 and Take Profit 2).
If you want to adjust the entry or stop loss after plotting them, simply move the points on
the chart, and the script will recalculate everything for you.
4. Configure Account and Contracts:
In the script settings, you can enter your account size and adjust the number of contracts you are trading. These inputs allow the script to calculate risk in monetary terms and as a percentage, making it easier to manage your risk effectively.
5. Understand the Information in the Table:
Once you apply the script, a table will appear in the top-right corner of your chart, providing you with key information about your futures contract and the trade setup. Here's what each field represents:
Account Size: Displays your total account value, which you can set in the script's settings.
Future: Shows the selected futures symbol, along with key details such as its tick size and point value. This gives you a clear understanding of how much one point or tick is worth in dollar terms.
Entry Price: The exact price at which you plan to enter the trade, displayed in green.
Stop Loss Price: The price level where you plan to exit the trade if the market moves against you, shown in red.
Contracts: The number of futures contracts you are trading, which you can adjust in the settings.
Risk: Highlighted in orange, this field shows your total risk in dollars, as well as the percentage risk based on your account size. This is a crucial value to help you stay within your risk tolerance and manage your trades effectively.
