BRT Signals Buy / Sell v2Title: BRT Signals Buy/Sell v2
Description:
The BRT Signals Buy/Sell v2 script is an innovative and original trading indicator designed to generate precise buy and sell signals by uniquely combining several advanced technical analysis tools. This script introduces new methodologies not found in existing public scripts, offering traders enhanced accuracy and customization.
Key Original Features:
Proprietary Mean Reversion Channel (MRC) Oscillator:
Unlike traditional oscillators, our MRC oscillator is developed using a customized SuperSmoother function, transforming the mean reversion concept into a dynamic oscillator ranging from 0 to 100.
This unique approach allows for more responsive detection of overbought and oversold conditions, setting it apart from standard oscillators.
Advanced Moving Average Options with Jurik Moving Average (JMA):
Incorporates the Jurik Moving Average (JMA), an advanced MA that offers low lag and high smoothness, which is rarely included in public scripts due to its complexity.
Provides multiple MA types (EMA, SMA, RMA, VWMA, WMA, Wilders MA, JMA) for unparalleled customization, enabling traders to fine-tune the indicator to their specific strategies.
Enhanced ADX Trend Strength Filter:
Integrates a custom implementation of the Average Directional Index (ADX) with proprietary modifications to measure trend strength more accurately.
Our script's ADX filter reduces lag and improves the detection of strong trends, a feature not commonly available in other indicators.
Dual Signal Sensitivity Filters:
Introduces two types of signal sensitivity filters (Signal Sensitivity Type 1 and Type 2) that can be independently enabled or disabled.
This dual-filter system is a novel feature that allows for refined control over signal generation, enhancing the script's adaptability.
Sophisticated Labeling and Alert System:
Features a customizable labeling system with various styles and sizes, providing clear and immediate visual cues on the chart.
Includes meticulously configured alert conditions that work seamlessly with the script's unique logic, ensuring timely notifications.
How It Works:
Buy Signal:
Generated when the proprietary MRC oscillator value increases compared to its previous value, indicating upward momentum detected by our unique algorithm.
Price is above the selected moving average (if the EMA filter is enabled), confirming a bullish trend with enhanced precision due to the advanced MA options.
ADX conditions are met using our improved calculation method, ensuring signals occur only during strong uptrends.
Sell Signal:
Triggered when the MRC oscillator value decreases compared to its previous value, signaling downward momentum identified by our custom oscillator.
Price is below the selected moving average (if the EMA filter is enabled), confirming a bearish trend with greater accuracy.
ADX conditions are met, indicating strong downtrends, thanks to our proprietary enhancements to the ADX indicator.
Original Concepts and Calculations:
Customized SuperSmoother Filter: Our version of the SuperSmoother filter is tailored to work specifically with the MRC oscillator, providing smoother and more responsive signals than standard implementations.
Proprietary ADX Enhancements: We have modified the traditional ADX formula to better capture trend strength and direction, reducing lag and improving reliability in various market conditions.
Integration of Advanced Indicators: The script uniquely combines advanced indicators like JMA and our custom MRC oscillator, offering functionalities not found in other public scripts.
Usage Instructions:
Parameter Configuration:
Lookback Period: Adjusts the sensitivity of the Mean Reversion Channel to suit different market conditions.
Timeframe Selection: Analyze different timeframes independent of the chart's timeframe for multi-timeframe analysis.
MA Length and Type: Choose from various moving averages, including the advanced JMA, to align with your trading preferences.
Signal Sensitivity Filters: Enable or disable the EMA and ADX filters to refine signal accuracy based on your strategy.
Visual Aids and Alerts:
Customize label styles and sizes for optimal visualization on the chart.
Set up alerts using the built-in alert conditions to receive real-time notifications aligned with the script's unique logic.
Benefits of Originality:
Enhanced Signal Accuracy: The unique combination of advanced indicators and proprietary calculations reduces false signals, improving the quality of trading decisions.
High Adaptability: The script's extensive customization options allow it to be adapted to various assets, timeframes, and trading styles, making it suitable for a wide range of traders.
Unique Analytical Approach: By introducing new methodologies and integrating advanced technical tools in a novel way, this script provides traders with insights not available in other indicators.
Disclaimer:
This indicator is a unique tool developed to assist traders in making informed decisions. It should be used in conjunction with other analysis methods and does not guarantee profitable results. Always practice proper risk management and due diligence.
Komut dosyalarını "the script" için ara
Money Flow Profile [LuxAlgo]The Money Flow Profile is a charting tool that measures the traded volume or the money flow at all price levels on the market over a specified time period and highlights the relationship between the price of a given asset and the willingness of traders to either buy or sell it, allowing traders to reveal dominant and/or significant price levels and to analyze the trading activity of a particular user-selected range.
This tool combines a volume/money flow profile, a sentiment profile, and price levels, where the right side of the profile highlights the distribution of the traded activity/money flow at different price levels, the left side of the profile highlights the market sentiment at those price levels, and in the middle the price levels.
🔶 USAGE
A volume/money flow profile is an advanced charting tool that displays the traded volume/money flow at different price levels over a specific period. It helps traders visualize where the majority of trading activity/money flow has occurred.
A sentiment profile is a difference between buy and sell volume/money flow aiming to highlight the sentiment/dominance at specific price levels.
Each row of the profile presents figures on volume and money flow specific to price levels.
High volume/money flow nodes indicate areas of high activity and are likely to act as support or resistance in the future. They attract price and try to hold it there. Conversely, low-volume nodes are areas with low trading activity, that are less subject to get revisited by the price. The market often bounces right over these levels, not staying for long. The "Profile Heatmap" option of the script helps to better emphasize the trading activity within each areas.
By measuring the traded activity at each price level the script presents an ability to highlight the consolidation zones, in other words, highlights accumulation and distribution zones. When the price moves toward one end of the consolidation and volume pick up, it can foreshadow a potential breakout.
Level of Significance, Point of Control, Highest Sentiment Zone, and Profile Price levels are some of the other profile-related options available with the script.
🔶 SETTINGS
The script takes into account user-defined parameters and plots the profiles, where detailed usage for each user-defined input parameter in indicator settings is provided with the related input's tooltip.
🔹 Profile Generic Settings
Lookback Length / Fixed Range: Sets the lookback length.
Profile Source: Sets the profile source, Volume, or Money Flow.
🔹 Profile Presentation Settings
Volume/Money Flow Profile: Toggles the visibility of the Volume/Money Flow Profile.
High Traded Nodes: Threshold and Color option for high traded nodes.
Average Traded Nodes: Color option for average traded nodes.
Low Traded Nodes: Threshold and Color option for low traded nodes.
🔹 Sentiment Profile Settings
Sentiment Profile: Toggles the visibility of the Sentiment Profile.
Sentiment Polarity Method: Sets the method used to calculate the up/down volume/money flow.
Bullish Nodes: Color option for Bullish Nodes.
Bearish Nodes: Color option for Bearish Nodes.
🔹 Profile Heatmap Settings
Profile Heatmap: Toggles the visibility of the profile heatmap.
Heatmap Source: Sets the source of the profile heatmap, Volume/Money Flow Profile, or Sentiment Profile.
Heatmap Transparency: Control the transparency of the profile heatmap.
🔹 Other Presentation Settings
Level of Significance: Toggles the visibility of the level of significance line/zone.
Consolidation Zones: Toggles the visibility of the consolidation zones.
Consolidation Threshold, Color: Sets the threshold value and zone color.
Highest Sentiment Zone: Toggles the visibility of the highest bullish or bearish sentiment zone.
Profile Price Levels, Color, Size: Toggles the visibility of the profile price levels, and sets the color and the size of the level labels.
Profile Range Background Fill: Toggles the visibility of the profiles range.
🔹 Other Settings
Number of Rows: Specify how many rows each profile histogram will have.
Profile Width %: Alters the width of the rows in the histogram, relative to the profile length
Profile Text Size: Alters the size of the text. Setting to Auto will keep the text within the box limits.
Profile Horizontal Offset: Enables to move profile in the horizontal axis.
🔶 RELATED SCRIPTS
Liquidity-Sentiment-Profile
Swing-Volume-Profiles
For more and other conceptual scripts you are kindly invited to visit LuxAlgo-Scripts .
Cryptosmart Trading Tool (by heswaikcrypt)Introducing the Cryptosmart Trading Tool (CSTP) - An optimized into Market Sentiment and direction tool
The Cryptosmart Trading Tool (CSTP) is an advanced indicator developed to provide valuable insights into market sentiment and direction. This tool combines existing TA tools and intelligently develops smart algorithms to empower traders with a deeper understanding of market dynamics. Some classic elements are included in the scripting, such as the exponential moving average (EMA), volume, and Relative Strength Index (RSI), to provide a comprehensive analysis of market conditions. By combining these indicators, the script aims to capture different aspects of market sentiment and enhance the accuracy of the analysis.
The Cryptosmart Trading Tool (CSTP) incorporates a unique algorithm that combines trend following analysis, momentum analysis, and volume analysis to provide insights into market sentiment and price action.
Trend Following Analysis:
The algorithm utilizes two exponential moving averages (EMAs): EMA1 and EMA2.
When EMA1 crosses above EMA2, it indicates an uptrend (isUptrend).
When EMA1 crosses below EMA2, it indicates a downtrend.
You adjust the input value to suit your trading strategy, however, 7, 8, 21, 34, and 200 have been tested to produce a fine tuned output.
The bar color indicates blue for bullish sentiment (is uptrend) and white for bearish sentiment (is downtrend).
Momentum Analysis:
The relative strength index (RSI) is calculated based on the closing prices and the specified RSI length.
RSI values above 70 indicate overbought conditions (isOverbought).
RSI values below 30 indicate oversold conditions (isOversold).
Using the isOversoldExtreme and isOverboughtExtreme, the CSTP algorithm detect extreme over bought and oversold conditions and alert with label color green and red.
Volume Analysis:
The algorithm calculates the average volume over a specified length (averageVolume).
The volume ratio is obtained by dividing the current volume by the average volume.
High volume activity is identified when the volume ratio is greater than 1 (isHighVolume).
Major Flip and Arrow Plots:
Major bullish or bearish flips are identified when EMA1 crosses above EMA2 with RSI values above 50 and high volume activity (isBullishFlip) or when EMA1 crosses below EMA2 with RSI values below 50 and high volume activity (isBearishFlip).
Arrow plots are used to display trend direction, upward arrows for major bullish flips and downward arrows for major bearish flips.
The algorithm calculates the bullBearRatio and RSIValueAtFlip to capture the volume ratio and RSI values at major flips.
The bullishRatio and bearishRatio variables store the volume ratio values for the corresponding trend conditions.
Labels are also displayed on the chart to provide information about EMA values and RSI values. This can be independently disabled by the user
The uniqueness of the CSTP algorithm lies in its combination of trend following analysis, momentum analysis, and volume analysis. By considering these factors, the algorithm provides insights into market sentiment and price action. The use of EMAs, RSIs, and volume ratios allows traders to identify potential trends, overbought/oversold conditions, and high volume activity. The visual representation of bar colors and arrows enhances the ease of understanding the sentiment and major flips. CSTP is uniquely presented by using dots, arrows, candlestick colors, and shape labels to indicate the market scenario. This is explained below.
By leveraging multiple indicators and analysis techniques, CSTP aims to provide traders with a holistic understanding of market dynamics and enhance their decision-making process.
It's important to note that while the individual components used in CSTP are not new or unique on their own, the specific algorithm, parameters, and calculations used within the script are what make it distinctive and valuable. By carefully integrating these components, CSTP generates results that are greater than the sum of its parts, providing traders with a comprehensive analysis of market conditions.
Through extensive research, analysis, and testing, we have created a useful tool, fine-tuned to optimize the accuracy and reliability of the script's output, which can assist traders in making more informed trading decisions.
How to Use:
1. Apply the CSTP Script:
- Apply the CSTP script to your TradingView chart to start analyzing market conditions. (Access instructions can be found in the author's details section.)
- Ensure you have the latest version of TradingView to access all the features and functionalities.
2. Customize Parameters:
- Customize the input variables to match your trading preferences and adapt the tool to different markets.
- Experiment with different settings, such as RSI Length and EMA Lengths, to find the optimal configuration for your trading strategy.
3. Interpret the Color-Coded Bars and Wave Labels:
- Green bars indicate bullish sentiment, suggesting potential buying opportunities.
- Red bars indicate bearish sentiment, indicating potential selling opportunities.
- Blue and white bars represent sentiment backed by smart money liquidity, adding an extra layer of analysis.
- The wave labels provide insights into market structure and potential wave patterns.
4. Combine with Candlestick philosophy strategy and parameters used:
- Wait for candlestick closure before making trading decisions based on CSTP's analysis.
- Consider the EMA (yellow) line as an additional tool to confirm entry or exit points.
- Combining CSTP's analysis with candlestick patterns can enhance your decision-making process and improve trade timing.
- Volume Analysis: Compares the current volume to the Simple Moving Average (SMA) of volume using the RSI Length parameter to determine high-volume periods.
- Color-Coded Bars: The color of the bars represents different market sentiments based on all the parameters used including Relative strength index, bullish and bearish
divergence and volume conditions.
- Open Close Cross (OCC) Alerts: Generates dot alert with color code (red=Bearish, green=Bullish) when there is a crossover or crossunder between the close and open
prices
Important Notes:
- Candlestick color matter a lot as then show the sentiment of the market at a given time. and it is an added advantage for a trader to understand candlestick Psychology.
Candlestick conditions
I will use this BINANCE:MTLUSDT chart to explain how it works
Long green Arrow: Bullish call, with green isBullish arrow
Long red Arrow: Bearish call, with isBearish arrow
Blue with red wick and tape: this indicate a bearish sentiment but with some bullish volume, this position is dice which requires a proper understanding of entry and exit. when if this said candle stick closes below the EMA line, wait for the the next candle after it t determining your move. If the next one closes above it, then the direction is still bullish, else the direction has flipped bearish. (special scenario: in the range or consolidative market phase, you may need to wait 3-7 day candle close before you decide. use the coloration as guide to help with your decision making).
Blue with green wick and tape: this indicated strong bullish sentiment backed by liquidity to push. it is important to not the candle close, if the candle closes above the EMA (7 and/or 21) that validates the move, else, you may need to wait for the next candle close to determine the move and momentum of the market. Example is the $COOMPUST chart
White with green wick and tape: this works just like the "Blue candlestick with red wick and tape". follow same procedure
White with red wick and tape: White candle with red wick, indicates bearish sentiment backed by available market liquidity at the time.
If you see the market moving upward and the candlestick keep closing with white color, it is an indication of inorganic move (Check BITFINEX:SUIUST ) the best thing to do is to wait at resistance. a similar scenario can be seen here
Market test:
below are picture of the indicator tested on different assets
CRYPTOCAP:BNB
AUD
Tesla
it is best to book an entry after an arrow indicate (especially for a bullish market) and the candle closes above the EMA (Yellow line).
Risk management.
- ALWAYS PROTECT YOUR PROFIT WHEN YOU SEE ON. THE MARKET IS DYNAMIC
- Trading involves risks, and no tool can guarantee absolute accuracy in predicting market direction. Conduct thorough research and exercise caution when making trading decisions.
- Apply proper risk management strategies and adjust position sizes according to your risk tolerance.
- Stay updated with market news and events that may impact your trading decisions.
Conclusion:
The Cryptosmart Trading Tool (CSTP) provides traders with a powerful advantage by offering valuable insights into market sentiment and direction. To gain access or trial, refer to the author's details section. This indicator combines various analysis techniques to provide a comprehensive view of the market. Remember to apply your own analysis and expertise in conjunction with CSTP for optimal results.
This indicator combines my 8years of trading experience. Enjoy
Disclaimer:
Trading involves risks, and the CSTP script is designed to assist traders by providing valuable insights. It should be used as a supplement to your own analysis and expertise. Exercise caution and make informed trading decisions based on your own research.
Fractal Basic Chart Patterns [MyTradingCoder]This script is something that I made a long time ago in my early days of learning Pine. It is not in development anymore but has some unique and impressive utility that will help the community. This script will fractally identify chart patterns(iH&S,H&S,W,M) on any chart and timeframe. Most scripts have limitations that make the user have to adjust various parameters to get the desired result to show up on the chart. Lower input values may show smaller patterns, whereas vise versa, higher input values may show larger patterns, but you never seem to get the best of both worlds with these types of scripts. Some users may appreciate the vast majority of input parameters that most scripts provide, but others like myself may find it restrictive and annoying, as you wont get large patterns AND small patterns simultaneously.
All details needed to understand how to use the script are listed below. I will be creating new and well written scripts in the near future moving forward to help the community as best as I can, and just wanted to make it clear that this particular script is just something that I had on the backburner from a very long time ago, before I was a "Pinescript Maven" :) Enjoy!
Available Patterns:
- W Pattern
- M Pattern
- Head and Shoulders Pattern
- Inverse Head and Shoulder Pattern
Customizable inputs:
- Option to specify minimum bars required to consider a pattern.(Can be helpful if you don't want to see lower timeframe patterns, as some may not look like patterns, but if you drop the timeframe and go to the same time, there will be a pattern there on a lower scale)
- Boolean Inputs to Enable/Disable Certain Patterns
Available Alert Options:
- W Pattern Alert
- M Pattern Alert
- H&S Pattern Alert
- iH&S Pattern Alert
User Manual:
- Patterns will be drawn/detected/finalized on the bar close when the neckline is broken
- Green/Red lines represent the historical structure used to identify each pattern
- Blue dashed lines represent the projected price action based on the pattern completing
- Alerts/Indicator will not repaint(Can use 'once per bar' or 'once per bar close' and behavior will be identical. Code is optimized.)
- May have trouble on assets with daily/weekend time gaps with the projected price action dashed line due to time being used as the xloc. If this becomes a problem, leave a comment below and I will consider bringing this back into development and convert to bar_index as xloc to fix the issue.
- Patterns can be all shapes and sizes, hence the beauty of this indicator
- Leave a comment below for any questions or requests and give the indicator a like if you find it useful
Dynamic Equalizer [DW]This is an experimental study inspired by techniques primarily utilized in the visual and audio processing worlds.
This study is designed to serve as a pre or post processing filter designer that allows you to shape the frequency spectrum of your data on a more "in-depth" level.
First the data is fed through my Band-Shelf Equalizer function.
The EQ in this script works by dividing the input signal into 6 bands and 2 shelves using a series of roofing filters.
The bands are then gain adjusted recursively (in %) to match source as closely as possible at unity gain.
The recursive adjustment size can be changed using the "Gain Adjustment Increment" input, which will affect how tightly the resulting filter approximates source at unity.
The frequency range of each band is adjustable via the period inputs. In default settings, these are the ranges:
-> Low Shelf : 256+ Samples Per Cycle. This shelf is the largest trend component of the signal. Unlike the other bands and shelf, this shelf is not zero mean unless source data is.
-> Band 1 : 128 - 256 Samples Per Cycle. This band is a moderate trend and low cyclic component of the signal.
-> Band 2 : 64 - 128 Samples Per Cycle. This band is a mild trend and moderate cyclic component of the signal.
-> Band 3 : 32 - 64 Samples Per Cycle. This band is a high cyclic component of the signal.
-> Band 4 : 16 - 32 Samples Per Cycle. This band is a high cyclic component of the signal.
-> Band 5 : 8 - 16 Samples Per Cycle. This band is a moderate cyclic and mild to moderate noise component of the signal.
-> Band 6 : 4 - 8 Samples Per Cycle. This band is a high noise component of the signal.
-> High Shelf : 4- Samples Per Cycle. This shelf is primarily noise.
Each band and shelf can be manually gain adjusted via their respective inputs.
After EQ processing, each band and shelf is then optionally fed through my Peak Envelope Compressor function for dynamics control.
The compressor in this script works by reducing band power by a specified percentage when it exceeds a user defined percentage of the peak envelope.
The peak envelope measures maximum power of the band over its period range multiplied by a user defined integer.
There is an option included to apply Butterworth smoothing to the envelope as well, which will alter the shape of the compressor.
If you want an envelope that quickly responds to power peaks, use little to no smoothing. If you desire something more static, use a large smoothing period.
Attack and release are included in the algorithm to shape the sensitivity of the compressor.
Attack controls how many bars it takes from being triggered for attenuation to reach its target amount.
Release controls how many bars it takes from being un-triggered for attenuation to reach back to 0.
In addition, the compressor is equipped with parallel processing.
The "Parallel Mix" inputs control the amount of compressed vs non-compressed signal presence in the final output.
And of course, the compressor has a post-processing gain input (in %) to fine-tune the presence of the band.
For easy visual tuning, you can view each independent band's magnitude or power by selecting them in the display inputs.
This display setup can also be beneficial analytically if you wish to analyze specific frequency components of the source signal.
The default preset for this script is meant to show how versatile EQ filtering and compression can be for technical analysis.
The EQ preset detrends the data, moderately smooths the data, and emphasizes dominant cyclical ranges.
The compression preset provides fast, moderately heavy shaping to dial in dynamics and reduce transient effects.
The resulting curve is a great filter for responsively analyzing cyclical momentum.
The script is also fully equipped with outputs that can be used externally by other scripts.
You can integrate these external outputs with your own script by using a source input. Simply select the desired output from the dropdown tab on your script.
Multiband filtering and compression are concepts that are not conventionally used in the world of finance.
However, the versatile capabilities of these concepts make this a wonderful tool to have in the arsenal.
By surgically adjusting separate frequency components of a signal, you're able to design a wide variety of filters with unique responses for a vast array of applications.
Play around with the settings and see what kinds of filters you can design!
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This is a premium script, and access is granted on an invite-only basis.
To gain access, get a copy of the script overview, or for additional inquiries, send me a direct message.
I look forward to hearing from you!
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General Disclaimer:
Trading stocks, futures, Forex, options, ETFs, cryptocurrencies or any other financial instrument has large potential rewards, but also large potential risk.
You must be aware of the risks and be willing to accept them in order to invest in stocks, futures, Forex, options, ETFs or cryptocurrencies.
Don’t trade with money you can’t afford to lose.
This is neither a solicitation nor an offer to Buy/Sell stocks, futures, Forex, options, ETFs, cryptocurrencies or any other financial instrument.
No representation is being made that any account will or is likely to achieve profits or losses of any kind.
The past performance of any trading system or methodology is not necessarily indicative of future results.
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NOTE: Unlike standard tools of this nature in other applications, I scaled the signals in % rather than dB, mainly since it's proven so far to be more user-friendly to keep things linear on here.
In addition, no transitions to frequency domain are done in this script. This EQ is an experimental variant that processes in the time domain and relies on a network of roofing filters.
When changing cutoff periods, make sure they are organized in descending order with low shelf as the highest period, and high shelf as the lowest period.
Using non-descending lengths may result in an undesired output.
Lastly, when changing cutoff periods, parts of the spectrum may leak slightly differently between bands, so the "Gain Match Adjustment Increment" may need to be changed as well if you want it to match as closely as possible at unity.
Despite these shortcomings, this tool functions surprisingly well, especially with the default periods, and it's quickly become one of my favorites. I hope you all enjoy it!
[ALL-IN-ONE] Algorithmic S/R and Pivots and Long Term LevelsHello my trading padawans.
Hope you're all having a blast
Here's the invite-only script of the week. The ALL-IN-ONE saga continues with another script.
This time, I compiled a lot of algorithmic supports and resistances (S/R) - to be used with any indicators out there.
Those S/R are universal and work with all asset classes (FOREX, CRYPTO, INDICES, STOCKS, COMMODITIES, ...)
No one can predicts which S/R will stop a move - generally - the high timeframes S/R + the SMAs with a big input value - work as strong walls often forcing the candles to retrace a bit short-term.
At Today's post (October, 25th 2019 - 12 pm UTC-4), we see how useful they were, to identify how high BTC/USD could go before retracing.
I. 💎 SCRIPTS ACCESS 💎
1.🖐️ Access can only be requested through my website.
2.🖐️ My website URL is in this script signature at the very bottom (you'll have to scroll down a bit and going past the long description) and in my profile status available here : Daveatt
3.🖐️ A tutorial article/video will be provided on those sub mentioned links + Tradingview
4.🖐️ You obviously can contact me directly for more information
II. 🔎 ALL-IN-ONE Supports and Resistances 🔎
You can display the algorithmic S/R, and/or pivots, (not finished yet) and the long terms levels.
For the 3 types of S/R, I pre-selected those that I think are the most relevant and useful for everyone. Please let me know if you'd like me to add/remove some.
All those listed by default are important and provide a MAP for a trader.
They give great take profits zones, levels where it's better to wait for a pullback before entering.
2.1 👁️🗨️ S/R mode 👁️🗨️
Each type of S/R can be displayed or not.
2.2 📱 Mobile optimized display 📱
Preview : imgur.com I posted 2 images there
The script is made using the newest version of Pinescript, and displaying small labels for every support/resistance.
✨ This will come in handy for mobile users - they'll get nice looking labels displayed at the right of their chart.
Each S/R type have its own labels and label position. The script users can activate/deactivate them at will
Let's review quickly each one.
2.3 Algorithmic SMAs
I cherish, love, sometimes despite them, but they're very relevant for all asset classes. The tool displays as many relevant algorithmic and generic SMAs that I could think of.
The indicator lists about 18 different SMAs in multiple timeframes.
2.4 Pivots
7 pivots are displayed (S1/S2/S3/P/R1/R2/R3)
You can choose one of 4 pivot point types:
- Traditional
- Woodie
- Fibonacci
- Camarilla.
The fun doesn't stop here. You can also select a timeframe between Daily/Weekly/Monthly/Yearly for those pivots.
For INDICES, for example, I use a lot the daily Traditional Pivots.
2.5 Long Terms Levels
Display by default the highest/lowest weekly/monthly/quarterly/monthly levels.
The scripts user can chose to select the previous highest/lowest also.
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If you have any doubts or questions, please hit me up directly or ask in the comments section of this script.
I'll never claim I have the best trading methodology or indicators.
You only will judge and I'll appreciate all the questions and feedback you're sending my way.
They helped me a ton for developing indicators based on all the requests I received.
May the force 💪 be with you all 🥳.
Dave
Precision Entry Signals (RSI + MA12 Logic)Description:
This script provides precise entry signals based on a clean confluence of MA12 breakouts and RSI momentum, filtered by a VWMA (Volume-Weighted Moving Average) of the RSI.
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🔹 Long entry conditions:
- Candle opens below the 12-period MA and closes above it
- RSI crosses above its VWMA
- Previous candle is bearish (additional confirmation)
🔹 Short entry conditions:
- Candle opens above the 12-period MA and closes below it
- RSI crosses below its VWMA
- Previous candle is bullish
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Once a signal is confirmed, the script automatically draws:
Entry line (at close price)
Stop Loss line (just below recent lows for long, or above highs for short)
Take Profit 1 (1R)
Take Profit 2 (2R)
Labels are attached to the lines for clarity: ENTRY, SL, TP1, and TP2.
⚠️ Note: This tool only provides entry signals and visual risk/reward guidance. It does not manage exits dynamically. Manual trade management is recommended.
This script is intended for active intraday traders, especially on lower timeframes like 3-minute, 5-minute or 15-minute charts.
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🔧 Recommended companion indicator:
For better confirmation and visual tracking of the RSI/VWMA cross logic, it is strongly recommended to also use the companion script:
🔹 Relative Strength Index (with MA based cross signals)
→ Shows RSI and its moving average visually, with triangle plots on every valid cross.
→ Matches exactly the RSI/VWMA behavior used in this entry signal script.
📌 Important:
After adding the RSI script to your chart, make sure to set:
RSI Length = 14
MA Type = VWMA
MA Length = 20
This ensures it visually matches the logic used by the entry signal script.
Both indicators are fully open source and meant to be used together — especially when trading manually.
Bitcoin Macro Trend Map [Ox_kali]
## Introduction
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The “Bitcoin Macro Trend Map” script is designed to provide a comprehensive analysis of Bitcoin’s macroeconomic trends. By leveraging a unique combination of Bitcoin-specific macroeconomic indicators, this script helps traders identify potential market peaks and troughs with greater accuracy. It synthesizes data from multiple sources to offer a probabilistic view of market excesses, whether overbought or oversold conditions.
This script offers significant value for the following reasons:
1. Holistic Market Analysis : It integrates a diverse set of indicators that cover various aspects of the Bitcoin market, from investor sentiment and market liquidity to mining profitability and network health. This multi-faceted approach provides a more complete picture of the market than relying on a single indicator.
2. Customization and Flexibility : Users can customize the script to suit their specific trading strategies and preferences. The script offers configurable parameters for each indicator, allowing traders to adjust settings based on their analysis needs.
3. Visual Clarity : The script plots all indicators on a single chart with clear visual cues. This includes color-coded indicators and background changes based on market conditions, making it easy for traders to quickly interpret complex data.
4. Proven Indicators : The script utilizes well-established indicators like the EMA, NUPL, PUELL Multiple, and Hash Ribbons, which are widely recognized in the trading community for their effectiveness in predicting market movements.
5. A New Comprehensive Indicator : By integrating background color changes based on the aggregate signals of various indicators, this script essentially creates a new, comprehensive indicator tailored specifically for Bitcoin. This visual representation provides an immediate overview of market conditions, enhancing the ability to spot potential market reversals.
Optimal for use on timeframes ranging from 1 day to 1 week , the “Bitcoin Macro Trend Map” provides traders with actionable insights, enhancing their ability to make informed decisions in the highly volatile Bitcoin market. By combining these indicators, the script delivers a robust tool for identifying market extremes and potential reversal points.
## Key Indicators
__________________________________________________________________________________
Macroeconomic Data: The script combines several relevant macroeconomic indicators for Bitcoin, such as the 10-month EMA, M2 money supply, CVDD, Pi Cycle, NUPL, PUELL, MRVR Z-Scores, and Hash Ribbons (Full description bellow).
Open Source Sources: Most of the scripts used are sourced from open-source projects that I have modified to meet the specific needs of this script.
Recommended Timeframes: For optimal performance, it is recommended to use this script on timeframes ranging from 1 day to 1 week.
Objective: The primary goal is to provide a probabilistic solution to identify market excesses, whether overbought or oversold points.
## Originality and Purpose
__________________________________________________________________________________
This script stands out by integrating multiple macroeconomic indicators into a single comprehensive tool. Each indicator is carefully selected and customized to provide insights into different aspects of the Bitcoin market. By combining these indicators, the script offers a holistic view of market conditions, helping traders identify potential tops and bottoms with greater accuracy. This is the first version of the script, and additional macroeconomic indicators will be added in the future based on user feedback and other inputs.
## How It Works
__________________________________________________________________________________
The script works by plotting each macroeconomic indicator on a single chart, allowing users to visualize and interpret the data easily. Here’s a detailed look at how each indicator contributes to the analysis:
EMA 10 Monthly: Uses an exponential moving average over 10 monthly periods to signal bullish and bearish trends. This indicator helps identify long-term trends in the Bitcoin market by smoothing out price fluctuations to reveal the underlying trend direction.Moving Averages w/ 18 day/week/month.
Credit to @ryanman0
M2 Money Supply: Analyzes the evolution of global money supply, indicating market liquidity conditions. This indicator tracks the changes in the total amount of money available in the economy, which can impact Bitcoin’s value as a hedge against inflation or economic instability.
Credit to @dylanleclair
CVDD (Cumulative Value Days Destroyed): An indicator based on the cumulative value of days destroyed, useful for identifying market turning points. This metric helps assess the Bitcoin market’s health by evaluating the age and value of coins that are moved, indicating potential shifts in market sentiment.
Credit to @Da_Prof
Pi Cycle: Uses simple and exponential moving averages to detect potential sell points. This indicator aims to identify cyclical peaks in Bitcoin’s price, providing signals for potential market tops.
Credit to @NoCreditsLeft
NUPL (Net Unrealized Profit/Loss): Measures investors’ unrealized profit or loss to signal extreme market levels. This indicator shows the net profit or loss of Bitcoin holders as a percentage of the market cap, helping to identify periods of significant market optimism or pessimism.
Credit to @Da_Prof
PUELL Multiple: Assesses mining profitability relative to historical averages to indicate buying or selling opportunities. This indicator compares the daily issuance value of Bitcoin to its yearly average, providing insights into when the market is overbought or oversold based on miner behavior.
Credit to @Da_Prof
MRVR Z-Scores: Compares market value to realized value to identify overbought or oversold conditions. This metric helps gauge the overall market sentiment by comparing Bitcoin’s market value to its realized value, identifying potential reversal points.
Credit to @Pinnacle_Investor
Hash Ribbons: Uses hash rate variations to signal buying opportunities based on miner capitulation and recovery. This indicator tracks the health of the Bitcoin network by analyzing hash rate trends, helping to identify periods of miner capitulation and subsequent recoveries as potential buying opportunities.
Credit to @ROBO_Trading
## Indicator Visualization and Interpretation
__________________________________________________________________________________
For each horizontal line representing an indicator, a legend is displayed on the right side of the chart. If the conditions are positive for an indicator, it will turn green, indicating the end of a bearish trend. Conversely, if the conditions are negative, the indicator will turn red, signaling the end of a bullish trend.
The background color of the chart changes based on the average of green or red indicators. This parameter is configurable, allowing adjustment of the threshold at which the background color changes, providing a clear visual indication of overall market conditions.
## Script Parameters
__________________________________________________________________________________
The script includes several configurable parameters to customize the display and behavior of the indicators:
Color Style:
Normal: Default colors.
Modern: Modern color style.
Monochrome: Monochrome style.
User: User-customized colors.
Custom color settings for up trends (Up Trend Color), down trends (Down Trend Color), and NaN (NaN Color)
Background Color Thresholds:
Thresholds: Settings to define the thresholds for background color change.
Low/High Red Threshold: Low and high thresholds for bearish trends.
Low/High Green Threshold: Low and high thresholds for bullish trends.
Indicator Display:
Options to show or hide specific indicators such as EMA 10 Monthly, CVDD, Pi Cycle, M2 Money, NUPL, PUELL, MRVR Z-Scores, and Hash Ribbons.
Specific Indicator Settings:
EMA 10 Monthly: Options to customize the period for the exponential moving average calculation.
M2 Money: Aggregation of global money supply data.
CVDD: Adjustments for value normalization.
Pi Cycle: Settings for simple and exponential moving averages.
NUPL: Thresholds for unrealized profit/loss values.
PUELL: Adjustments for mining profitability multiples.
MRVR Z-Scores: Settings for overbought/oversold values.
Hash Ribbons: Options for hash rate moving averages and capitulation/recovery signals.
## Conclusion
__________________________________________________________________________________
The “Bitcoin Macro Trend Map” by Ox_kali is a tool designed to analyze the Bitcoin market. By combining several macroeconomic indicators, this script helps identify market peaks and troughs. It is recommended to use it on timeframes from 1 day to 1 week for optimal trend analysis. The scripts used are sourced from open-source projects, modified to suit the specific needs of this analysis.
## Notes
__________________________________________________________________________________
This is the first version of the script and it is still in development. More indicators will likely be added in the future. Feedback and comments are welcome to improve this tool.
## Disclaimer:
__________________________________________________________________________________
Please note that the Open Interest liquidation map is not a guarantee of future market performance and should be used in conjunction with proper risk management. Always ensure that you have a thorough understanding of the indicator’s methodology and its limitations before making any investment decisions. Additionally, past performance is not indicative of future results.
Volume Profile with Node Detection [LuxAlgo]The Volume Profile with Node Detection is a charting tool that allows visualizing the distribution of traded volume across specific price levels and highlights significant volume nodes or clusters of volume nodes that traders may find relevant in utilizing in their trading strategies.
🔶 USAGE
The volume profile component of the script serves as the foundation for node detection while encompassing all the essential features expected from a volume profile. See the sub-sections below for more detailed information about the indicator components and their usage.
🔹 Peak Volume Node Detection
A volume peak node is identified when the volume profile nodes for the N preceding and N succeeding nodes are lower than that of the evaluated one.
Displaying peak volume nodes along with their surrounding N nodes (Zones or Clusters) helps visualize the range, typically representing consolidation zones in the market. This feature enables traders to identify areas where trading activity has intensified, potentially signaling periods of price consolidation or indecision among market participants.
🔹 Trough Volume Node Detection
A volume trough node is identified when the volume profile nodes for the N preceding and N succeeding nodes are higher than that of the evaluated one.
🔹 Highest and Lowest Volume Nodes
Both the highest and lowest volume areas play significant roles in trading. The highest volume areas typically represent zones of strong price acceptance, where a significant amount of trading activity has occurred. On the other hand, the lowest volume areas signify price levels with minimal trading activity, often indicating zones of price rejection or areas where market participants have shown less interest.
🔹 Volume profile
Volume profile is calculated based on the volume of trades that occur at various price levels within a specified timeframe. It divides the price range into discrete price intervals, typically known as "price buckets" or "price bars," and then calculates the total volume of trades that occur at each price level within those intervals. This information is then presented graphically as a histogram or profile, where the height of each bar represents the volume of trades that occurred at that particular price level.
🔶 SETTINGS
🔹 Volume Nodes
Volume Peaks: Toggles the visibility of either the "Peaks" or "Clusters" on the chart, depending on the specified percentage for detection.
Node Detection Percent %: Specifies the percentage for the Volume Peaks calculation.
Volume Troughs: Toggles the visibility of either the "Troughs" or "Clusters" on the chart, depending on the specified percentage for detection.
Node Detection Percent %: Specifies the percentage for the Volume Troughs calculation.
Volume Node Threshold %: A threshold value specified as a percentage is utilized to detect peak/trough volume nodes. If a value is set, the detection will disregard volume node values lower than the specified threshold.
Highest Volume Nodes: Toggles the visibility of the highest nodes for the specified count.
Lowest Volume Nodes: Toggles the visibility of the lowest nodes for the specified count.
🔹 Volume Profile - Components
Volume Profile: Toggles the visibility of the volume profile with either classical display or gradient display.
Value Area Up / Down: Color customization option for the volume nodes within the value area of the profile.
Profile Up / Down Volume: Color customization option for the volume nodes outside of the value area of the profile.
Point of Control: Toggles the visibility of the point of control, allowing selection between "developing" or "regular" modes. Sets the color and width of the point of control line accordingly.
Value Area High (VAH): Toggles the visibility of the value area high level and allows customization of the line color.
Value Area Low (VAL): Toggles the visibility of the value area low level and allows customization of the line color.
Profile Price Labels: Toggles the visibility of the Profile Price Levels and allows customization of the text size of the levels.
🔹 Volume Profile - Display Settings
Profile Lookback Length: Specifies the length of the profile lookback period.
Value Area (%): Specifies the percentage for calculating the value area.
Profile Placement: Specify where to display the profile.
Profile Number of Rows: Specify the number of rows the profile will have.
Profile Width %: Adjusts the width of the rows in the profile relative to the profile range.
Profile Horizontal Offset: Adjusts the horizontal offset of the profile when it is selected to be displayed on the right side of the chart.
Value Area Background: Toggles the visibility of the value area background and allows customization of the fill color.
Profile Background: Toggles the visibility of the profile background and allows customization of the fill color.
🔶 RELATED SCRIPTS
Supply-Demand-Profiles
Liquidity-Sentiment-Profile
Thanks to our community for recommending this script. For more conceptual scripts and related content, we welcome you to explore by visiting >>> LuxAlgo-Scripts .
High Volume AlertThe High Volume Alert Script is developed for all traders focusing on volume analysis in their trading strategies, providing alerts for unusually high trading volumes during specified trading sessions.
Functionality:
Volume Moving Average Calculation:
Average Volume = Moving Average(Volume) = Sum of last the x last candles Volume
Where n is the user-defined period for the moving average calculation (denoted as movingaverageinput in the script. This moving average serves as the baseline to compare current volume levels against historical averages.
High Volume Detection:
HighVolume = CurrentVolume >= (MA(Volume) x HighVolumeRatio)
Here, HighVolumeRatio is a user-defined multiplier that sets the threshold for what is considered high volume. If the current volume exceeds this threshold (the product of the moving average of volume and the HighVolumeRatio ), the script identifies this as a high-volume event.
Session Filtering:
The script further refines these alerts by ensuring they only trigger during the specified trading session, enhancing relevance for traders interested in specific market hours. This session is defined by the sess and timezone parameters.
Visualisation and Alerts:
If high volume is detected (HighVolume = True), the script colors the volume bar with the highVolumeColor . If the option is selected, it also changes the color of the candlestick to either highVolumeCandleColorUp (for bullish candles) or highVolumeCandleColorDown (for bearish candles), depending on the price movement within the high-volume period. An alert is generated through the alertcondition function when high volume is detected during the specified session, notifying the trader of potentially significant market activity.
Application in Trading:
This indicator serves traders who prioritize volume as a leading indicator of potential price movement. High trading volumes may indicate the presence of significant market activity, often associated with events like news releases, market openings, or large trades, which can precede price movements.
Originality and Practicality:
This script is self-developed, aiming to fill the gap in automatic ratio adjusted volume alerts within the TradingView environment.
Conclusion:
The High Volume Alert Script is an essential tool for traders who integrate volume analysis into their strategy, offering tailored alerts and visual cues for high volume periods.
Compliance and Limitations:
The script complies with TradingView scripting standards, ensuring no lookahead bias and maintaining real-time data integrity. However, its utility depends on the availability on volume data, and please be aware that forex pairs never offer real volume data, this tool is best used with a exchange traded symbol.
RAINBOW AVERAGES - INDICATOR - (AS) - 1/3
-INTRODUCTION:
This is the first of three scripts I intend to publish using rainbow indicators. This script serves as a groundwork for the other two. It is a RAINBOW MOVING AVERAGES indicator primarily designed for trend detection. The upcoming script will also be an indicator but with overlay=false (below the chart, not on it) and will utilize RAINBOW BANDS and RAINBOW OSCILLATOR. The third script will be a strategy combining all of them.
RAINBOW moving averages can be used in various ways, but this script is mainly intended for trend analysis. It is meant to be used with overlay=true, but if the user wishes, it can be viewed below the chart. To achieve this, you need to change the code from overlay=true to false and turn off the first switch that plots the rainbow on the chart (or simply move the indicator to a new pane below). By doing this, you will be able to see how all four conditions used to detect trends work on the chart. But let's not get ahead of ourselves.
-WHAT IS IT:
In its simplest form, this indicator uses 10 moving averages colored like a rainbow. The calculation is as follows:
MA0: This is the main moving average and can be defined with the type (SMA, EMA, RMA, WMA, SINE), length, and price source. However, the second moving average (MA1) is calculated using MA0 as its source, MA2 uses MA1 as the data source, and so on, until the last one, MA9. Hence, there are 10 moving averages. The first moving average is special as all the others derive from it. This indicator has many potential uses, such as entry/exit signals, volatility indication, and stop-loss placement, but for now, we will focus on trend detection.
-TREND DETECTION:
The indicator offers four different background color options based on the user's preference:
0-NONE: No background color is applied as no trend detection tools is being used (boring)
1-CHANGE: The background color is determined by summing the changes of all 10 moving averages (from two bars). If the sum is positive and not falling, the background color is GREEN. If the sum is negative and not rising, the background color is RED. From early testing, it works well for the beginning of a movement but not so much for a lasting trend.
2-RAINBW: The background color is green when all the moving averages are in ascending order, indicating a bullish trend. It is red when all the moving averages are in descending order, indicating a bearish trend. For example, if MA1>MA2>MA3>MA4..., the background color is green. If MA1 threshold, and red indicates width < -threshold.
4-DIRECT: The background color is determined by counting the number of moving averages that are either above or below the input source. If the specified number of moving averages is above the source, the background color is green. If the specified number of moving averages is below the source, the background color is red. If all ten MAs are below the price source, the indicator will show 10, and if all ten MAs are above, it will show -10. The specific value will be set later in the settings (same for 3-TSHOLD variant). This method works well for lasting trends.
Note: If the indicator is turned into a below-chart version, all four color options can be seen as separate indicators.
-PARAMETERS - SETTINGS:
The first line is an on/off switch to plot the skittles indicator (and some info in the tooltip). The second line has already been discussed, which is the background color and the selection of the source (only used for MA0!).
The line "MA1: TYP/LEN" is where we define the parameters of MA0 (important). We choose from the types of moving averages (SMA, EMA, RMA, WMA, SINE) and set the length.
Important Note: It says MA1, but it should be MA0!.
The next line defines whether we want to smooth MA1 (which is actually MA0) and the period for smoothing. When smoothing is turned on, MA0 will be smoothed using a 3-pole super smoother. It's worth noting that although this only applies to MA0, as the other MAs are derived from it, they will also be smoothed.
In the line below, we define the type and length of MAs for MA2 (and other MAs except MA0). The same type and length are used for MA1 to MA9. It's important to remember that these values should be smaller. For example, if we set 55, it means that MA1 is the average of 55 periods of MA0, MA2 will be 55 periods of MA1, and so on. I encourage trying different combinations of MA types as it can be easily adjusted for ur type of trading. RMA looks quirky.
Moving on to the last line, we define some inputs for the background color:
TSH: The threshold value when using 3-TSHOLD-BGC. It's a good idea to change the chart to a pane below for easier adjustment. The default values are based on EURUSD-5M.
BG_DIR: The value that must be crossed or equal to the MA score if using 4-DIRECT-BGC. There are 10 MAs, so the maximum value is also 10. For example, if you set it to 9, it means that at least 9 MAs must be below/above the price for the script to detect a trend. Higher values are recommended as most of the time, this indicator oscillates either around the maximum or minimum value.
-SUMMARY OF SETTINGS:
L1 - PLOT MAs and general info tooltip
L2 - Select the source for MA0 and type of trend detection.
L3 - Set the type and length of MA0 (important).
L4 - Turn smoothing on/off for MA0 and set the period for super smoothing.
L5 - Set the type and length for the rest of the MAs.
L6 - Set values if using 4-DIRECT or 3-TSHOLD for the trend detection.
-OTHERS:
To see trend indicators, you need to turn off the plotting of MAs (first line), and then choose the variant you want for the background color. This will plot it on the chart below.
Keep in mind that M1 int settings stands for MA0 and MA2 for all of the 9 MAs left.
Yes, it may seem more complicated than it actually is. In a nutshell, these are 10 MAs, and each one after MA0 uses the previous one as its source. Plus few conditions for range detection. rest is mainly plots and colors.
There are tooltips to help you with the parameters.
I hope this will be useful to someone. If you have any ideas, feedback, or spot errors in the code, LET ME KNOW.
Stay tuned for the remaining two scripts using skittles indicators and check out my other scripts.
-ALSO:
I'm always looking for ideas for interesting indicators and strategies that I could code, so if you don't know Pinescript, just message me, and I would be glad to write your own indicator/strategy for free, obviously.
-----May the force of the market be with you, and until we meet again,
Quickfingers Luc base scanner - version 2This is my second implementation of a Pine Script Quickfingers Luc (QFL) base scanner that I have published on Trading View. QFL base scanners seek to provide buy signals according to the QFL trading strategy. To profitably trade using this script you should be familiar with the QFL trading strategy, scaling in and out of positions, and money risk management.
Background
All the QFL base identification Pine Scripts that I have inspected to date use a simple candlestick pattern of two lower lows followed by two higher lows to identify a base. Some scripts may combine this with a volume indicator as well. In practice, I found the results of this approach to be somewhat unreliable. The candlestick pattern may identify some significant bases, may identify minor bases (that should not be traded), but at the same time miss other significant bases entirely!
My first QFL base scanner sought to use Pine Script’s built in ta.lowest and ta.highest functions to identify bases and peaks. This approach depended on the time period selected to find the lowest lows and highest highs. This approach can be problematic because significant bases may be formed outside the nominated time period, leading to the identification of minor bases within the time period. I have left the first version of my QFL base scanning script in the Trading View indicators because it uses a different approach to this script that other people may still find useful.
My second version of the QFL base scanner does not use the Pine Script ta.lowest and ta.highest functions, and therefore does not rely on nominating a time period to look back through data.
User inputs
This script steps through the price data to find the following patterns that are used to confirm bases and peaks.
Base – bounce of x% above previous base confirms that base
Peak – fall of y% below previous peak confirms that peak
Buy signal – fall of z% below the base signals a buy signal.
x%, y% and z% are user configurable through the script settings. Small percentages will provide more, but riskier, buy signals; larger percentages will provide fewer, but safer, buy signals.
The script identifies QFL bases and buy signals and marks them on the price chart. These are able to be turned on and off in the script settings. The settings also allow the user to turn on plots for peaks, lowest lows and highest highs. These are not useful for applying the QFL trading strategy, but are calculations used in finding bases and can be useful for the user to understand what the script is doing in the background.
Troubleshooting
If looking at the past script results, you may think that the script is perfectly timing entry points at the bottom of market dips. This is NOT the case. The script is actually showing buy signals when the price falls z% below the PREVIOUS base. The current base is only retrospectively marked some periods later once the reversal is confirmed – a solid line marks a confirmed base in real time; a dotted line retrospectively repaints the line to the actual base. New bases are not tradeable using this script, but a percentage fall from the previous base is – this is the QFL trading strategy.
Pine Script may flag that this script has a repainting issue. Pine Script defines repainting as, “script behavior causing historical vs realtime calculations or plots to behave differently.” In the case of this script, bases are confirmed once the price has bounced x% off the low. The script then repaints a dotted line from the base that has been identified in real time (with a solid line) back to the point in the price data where the base actually occurs. The dotted line only aids in visual identification of the base, and does not impact on the real time identification of bases. A similar repainting issue occurs for identifying peaks. I have identified the lines in the script that cause this repainting. These lines can be commented out without affecting the buy signals generated by the script, but you will also lose the visual pinpointing of historical bases and peaks.
The user may find price charts where they think that the script has not correctly identified a base or peak. Usually, careful measurement will reveal that the price chart has not confirmed a base or peak by moving x% or y% from the previous base or peak respectively.
And before you ask, yes, Trading View alerts work with this script.
Enjoy.
MTFT VWAPs Auto AnchoredMulti Time Frame Tools
Multi Time Frame Tools (MTFT) is a suite of scripts aimed to establish a standard timeframe-based color scheme. This can be utilized to overlay different timeframes calculations/values over a single timeframe. As one example, this would allow to observe the 5-month moving average, 5-week moving average, and 5-day moving average overlaid over each other. This would allow to study a chart, get accustomed to the color scheme and study all these at the same time much easier.
All indicators calculated using the below specific timeframes as input, will always use the color scheme outlined below. This is to get you in habit of recognizing the different timeframes overlaid in top of each other. These can be personalized.
Longer TF analysis.
Yearly - Black
Semi-Annual - Yellow
Quarterly - White
Monthly - Maroon
Weekly - Royal Blue
Daily - Lime
Shorter TF analysis.
4 hour - Fuchsia
1 hour - Orange
30 min - Red
15 min - Brown
10 min - Purple
5 min - Lilac
All color coordination is able to be modified in either the “Inputs” or “Style” section. If you need to make changes, make sure to select “Save as Default” on the bottom right of the settings menu.
Recommended Chart Color Layout
I played around with color coordination a lot. The final product was what worked best for me. I personally use the following chart settings to accent all available TF colors.
-> Click on the settings wheel on your chart. -> Click on “Appearance”.
Background - Solid -> On the top row pick the 6th color from the left.
Vert Grid Lines and Horz Grid Lines -> On the top row pick the 7th color from the left.
You may of course change these and the indicator line colors as you like.
Adding indicator to Chart
-> Open the TradingView “Indicators & Strategies” library, the icon has “ƒx”. -> All premium scripts will be located under “Invite-Only Scripts” -> Click indicator to add to your chart.
MTFT VWAPs Auto Anchored
The Anchored Volume-Weighted Average Price, Anchored VWAP, is a commonly discussed FinTwit tool. I personally found it through Brian Shannon on Twitter. I have seen big FinTwit accounts solely focus on this strategy alone and have seen other big FinTwit accounts mix with their other indicators. I will be providing very basic info to utilize this script; it is up to you to dive deep into learning this strategy. I am not an expert with the tool or a financial advisor. As with all aspects of life, I recommend you research, learn, discern and practice extensively in order to become a master.
The script has the following features.
1. Three user selected time frames auto anchored VWAPS. It will auto anchor to the start of the timeframe. Timeframes(TF) include: Yearly(Y), Semi-annually(S), Quarterly(Q), Monthly(M), Weekly(W), Daily(D), and 4 hour. Image below shows the D candlestick as the active timeframe, the anchored VWAPs for the Year, Quarter, and Month.
2. Auto hide lower timeframe calculations. Auto Hide feature will hide smaller TF calculations when a larger timeframe is selected as the display TF. Example, when the Daily timeframe candlestick selected the Weekly and Daily Anchored VWAPs are hidden because they produce very noisy results. If a lower TF is selected such as the 30 min candlestick, the previously hidden Daily and Weekly Open Anchored VWAPs are now displayed. Notice that this specific indicator calculates different with every different timeframe that is selected. The lower TF calculations are more accurate as they include additional information. Image below shows the 30 min timeframe selected with the Daily, Weekly, and Monthly Open Anchored VWAPs displayed.
3. Auto Anchor using Pivot High/Low locations. Script finds the pivot highs/lows with a user selected look back/forward period. Additionally, as new pivot highs/lows appear you can choose to keep up to 4 each previous pivot high/low anchored VWAPs displayed. Image below has a 40 look back/forward period selected, and 2 past AVWAPs enabled.
You may notice in the above image that there is a gap between the AVWAP plot and the marked pivot point. This is not something that can be avoided as the script has to look forward in order to verify the pivot. The calculation is still correct, this can be verified by manually adding an “Anchored VWAP” drawing and seeing the values align. Image below shows that they match. White lines are the manually added “Anchored VWAP” drawings. If you verify this for yourself, make sure to select the correct input source in the settings of the drawing.
4. Auto Anchored on IPO High/Low. Looks for the first available candlestick in a chart and anchors to the high and low. This is useful with newer companies with recent IPOs.
IMPORTANT NOTE to TradingView admin: One of the lessons I would consider most important in attaining clarity regarding trading, is “TheStrat” by Rob Smith. His lesson on “actionable signals” is something that can be applied to any strategy. For this reason, I am including “MTFT TheStrat Patterns Pro” script in all images that will depict confluence for a better trade selection.
Example using TheStrat Pro MTFT with this indicator.
Look for a “TheStrat actionable signal” or a “TheStrat Reversal signal” on a smaller timeframe that has an instance of this indicator on a larger timeframe calculation that is in range of the candlestick that formed your actionable signal. This means that the indicators plot you are observing must be above the low and below the high of the candlestick that is the actionable signal/reversal signal.
The Image below shows what this would look like with this indicator. The selected candlestick is the 2-day, it shows a 1-3-1 pattern and the Quarter Anchored VWAP in range. This actionable signal could be played in both directions. If the high is breached, you would enter a long position from the high of the inside candlestick. If the low is breached than you would enter a short. For targets you would look at the previous pivots, for this example all targets were hit. Note that the “Entry” and “Targets” line were added manually and are not part of the script. Setups won’t always play out so nice and clean, but given that there is so many stocks and so many signals this is just a thought to improve the quality of the signal as it has extra confluence. If you are interested in learning further, research ‘TheStrat’ by Rob Smith.
MTFT EMA CloudsMulti Time Frame Tools
Multi Time Frame Tools (MTFT) is a suite of scripts aimed to establish a standard timeframe-based color scheme. This can be utilized to overlay different timeframes calculations/values over a single timeframe. As one example, this would allow to observe the 5-month moving average, 5-week moving average, and 5-day moving average overlaid over each other. This would allow to study a chart, get accustomed to the color scheme and study all these at the same time much easier.
All indicators calculated using the below specific timeframes as input, will always use the color scheme outlined below. This is to get you in habit of recognizing the different timeframes overlaid in top of each other. These can be personalized.
Longer TF analysis.
Yearly - Black
Semi-Annual - Yellow
Quarterly - White
Monthly - Maroon
Weekly - Royal Blue
Daily - Lime
Shorter TF analysis.
4 hour - Fuchsia
1 hour - Orange
30 min - Red
15 min - Brown
10 min - Purple
5 min - Lilac
All color coordination is able to be modified in either the “Inputs” or “Style” section. If you need to make changes, make sure to select “Save as Default” on the bottom right of the settings menu.
Recommended Chart Color Layout
I played around with color coordination a lot. The final product was what worked best for me. I personally use the following chart settings to accent all available TF colors.
-> Click on the settings wheel on your chart. -> Click on “Appearance”.
Background - Solid -> On the top row pick the 6th color from the left.
Vert Grid Lines and Horz Grid Lines -> On the top row pick the 7th color from the left.
You may of course change these and the indicator line colors as you like.
Adding indicator to Chart
-> Open the TradingView “Indicators & Strategies” library, the icon has “ƒx”. -> All premium scripts will be located under “Invite-Only Scripts” -> Click indicator to add to your chart.
*** MTFT EMA Clouds ***
The Exponential Moving Average Clouds, EMA Clouds, is a commonly discussed FinTwit tool. I personally found it through Ripster47 and PatternProfits on Twitter. I have seen big FinTwit accounts solely focus on this strategy alone and have seen other big FinTwit accounts mix with their other indicators. I will be providing very basic info to utilize this script; it is up to you to dive deep into learning this strategy. I am not an expert with the tool or a financial advisor. As with all aspects of life, I recommend you research, learn, discern and practice extensively in order to become a master.
The script has the following features.
1. Two user selected timeframes(TF) per script instance. Timeframes include: Quarter, Month, Weekly, Daily, 4 hour, 1 hour, 30 min, 15 min, 10 min, and 5 min candlestick data.
2. Five Unique Clouds per selected timeframe can each be individually enabled/disabled. Cloud pairs include: 5&13, 8&9, 34&50, 72&89, and 180&200.
Below are some examples of how switching between multiple TF’s could assist you in identifying patterns and resistance/support easier. Below are 4 different timeframe EMA Clouds plotted over similar areas. What supports/resistances do you see?
Weekly timeframe selected with Quarterly Clouds
Weekly timeframe selected with Monthly Clouds
Daily timeframe selected with Weekly Clouds
1-hour timeframe selected with Daily Clouds.
This is meant to show you that the EMA Clouds often serve as resistance/support on multiple timeframes.
3. Force a specific cloud on both selected timeframes. Maybe you want to see how one cloud on several TFs looks over the same chart. Here I added two instances of the script in order to show 4 different TF clouds (Q, M, W, and D). Then I selected the “8_9” on “Force single cloud” for each instance, which will force only the selected cloud to be forced on all the selected time frames.
IMPORTANT NOTE: One of the lessons I would consider most important in attaining clarity regarding trading, is “TheStrat” by Rob Smith. His lesson on “actionable signals” is something that can be applied to any strategy. For this reason, I am including “MTFT TheStrat Patterns Pro” script in all images that will depict confluence for a better trade selection.
Example using TheStrat Pro MTFT with this indicator.
Look for a “TheStrat actionable signal” or a “TheStrat Reversal signal” on a smaller timeframe that has an instance of this indicator on a larger timeframe calculation that is in range of the candlestick that formed your actionable signal. This means that the indicators plot you are observing must be above the low and below the high of the candlestick that is the actionable signal/reversal signal. Image below shows what this would look like with this indicator.
The Image below shows what this would look like with this indicator. The selected candlestick is the Weekly, it shows a hammer actionable signal and the Monthly 34 EMA in range. This actionable signal is meant to be played in a long position. If the high is breached, you would enter a long position from the high of the hammer candlestick. For targets you would look at the previous pivots, for this example all targets were hit. Note that the “Entry” and “Targets” line were added manually and are not part of the script. Setups won’t always play out so nice and clean, but given that there is so many stocks and so many signals this is just a thought to improve the quality of the signal as it has extra confluence. If you are interested in learning further, research ‘TheStrat’ by Rob Smith.
Harmonic Patterns ProHello All,
We need to make things better & better to solve the puzzle and I try to do my best on this way for the community. now I am here with my Harmonic Patterns Pro script.
Harmonic Pattern recognition is the basic and primary ability any trader develops in technical analysis. Harmonic pattern recognition takes extensive practice and repetitive exposure. in general chart patterns are categorized into “continuous” and “reversal” patterns. Harmonic patterns construct geometric pattern structures using Fibonacci sequences. These harmonic structures identified as specified harmonic patterns provide unique opportunities for traders, such as potential price movements and key turning or trend reversal points. This script is developed to find following patterns by using the options you set. I have to say that this is not a strategy and you should not use this script blindly, instead, I strongly recommend you to create your own strategy using this script with other tools/indicators, such moving averages, Support/Resistance levels, volume indicators, sentiment indicators etc.
- Following Harmonic Patterns are available in this version:
-->Gartley
-->Butterfly
-->Bat
-->Crab
-->Shark
-->Cypher
-->Alternate Bat
-->Deep Crab
-->5-0
-->3-Drive
-->AB=CD
-->Descending Triangle
-->Ascending Triangle
-->Symmetrical Triangle
-->Double Top
-->Double Bottom
How the script works and finds harmonic patterns:
- It uses zigzag like other harmonic pattern script but there is a difference. this scripts searches up to 200 bars, finds/creates up to 200 XABCD using zigzag waves and searches predefined harmonic patterns
- It can find multiple harmonic patterns on a candles with different sizes and lengths
- Each pattern is shown using its own color (you can set 8 different colors)
- it shows Entry, Target1, Target2 and Stop-loss levels for each found Patterns
- It shows pattern validation zones for each found pattern
- it has all-in-one alerts. you set the alerts you want in the indicator options and you create only 1 alert for each symbol.
- it has prediction future and it can show many predicted patterns at the same time, each predicted patterns validations zones are shown separately
- While on real-time bar it searches and shows patterns for the visible area
it has followng alerts: . these in all-in-one alerts. it means that you choose the alerts in the options and enables any of them and then create only one for each symbol. and you get eany alert you choose. (" Any alert() function call "). in this version "Any alert() function call" alert is only alert you can use, if I get some requests I can try to other alerts as well.
New Pattern Found
Pattern Updated
Entered Position
Reached Target
Stop-loss
Validation zone is calculated using XABC points any pattern by using Y-Axis error rate. so if you increase Y-Axis error rate then the script can find much more Harmonic patterns.
X-Axis Error Rate is used for a few pattern such AB=CD for the distance of AB wave and CD wave.
The script can show Recommended Entry, Target 1, Target 2 and stop-loss levels for each active patterns. of course you can use these levels or you can set your own levels. you can see the screenshot below.
The script can show statistics panel. when statistic panel is enabled then no pattern is shown on the chart, the script shows ONLY statistics panel. This was done because of complexity of the script.
If you enables Prediction then pattern checks all possible XABC formations in the last 200 bars and finds/shows predicted patterns if there is any.
if you "replaying" then the script searches patterns only for last bar (if any update on zigzag on last bar), not for historical ones. you should take care while you use "Replay" feature of Tradingview
Now lets see the options:
Minimum ZigZag Period: this is minimum Zigzag Period to create new Zigzag wave. default value is 10 and minimum value is 4
Y-Axis Error Rate %: this is the error rate to create validation zones for each pattern, there is almost no perfect pattern, so we try to create a zone using error rate
X-Axis Error Rate % : this is used for a few pattern (such AB=CD) to check wave lengths on time basis
Minimum Pattern Length: This is Minimum Length for the Patterns to be searched. in Number of Bars
Maximum Pattern Length : This is Maximum Lengths for the Patterns to be searched. in Number of Bars
Max Number of XABCD to search: Maximum Number of ABCD to search pattern on each move, there are many possible XABCDs on the chart, this limitation is the number for how many of them will be searched
Find Patterns for: is the option about taking position. there are three options: "Long and Short", "Only Long", "Only Short"
Max Patterns on Each Bar: Maximum Number of Patterns that can be found on each bar, by default it's 3
Keep Pattern Until: you have two option "Target1" and "Target2". when a pattern found and if it reach any of these targets it is accepted as it's reached target and removed. this is also used inthe statictics panel!
Show Recommended Entries & Targets: if enabled then the script can show "Recommended" Entry, target1, target2 and stop-loss leves. you can use these levels or you can use your own calculation for each pattern
Entry = % of Target 2 : Entry Level for each pattern is calculated using the distance between D positon of the pattern and target 2. by default it's 16%, you can set it as you wish
Entry&Target Line Style: you can set line style for entry/target/stop-loss levels
Show Pattern Validation Zones: as explained above, for each pattern validation zone is created using error rate (Y-axis error rate). you can see it for each pattern
Source for Invalidation: this source is used for validation zones. there is two options: Close or High/Low. this source is used while invalidated the pattern. by default it used "close" price as source
Line Style: this is line style for validation zones, solid, dashed or dotted
Pattern Prediction/Possible Patterns: if you enable this option then the script calculates/searches possbile patterns and shows their levels in a label if there is one or more
Show Label & Zone: this is about how you want to see predictions, there are two choices: "Show Only Label", "Show Label & Zone"
Show Statistics Panel : if you enable this option then the script starts searching all harmonic patterns from the first bar for the last bar and keeps statistics for all of them and the shows in a table. you can see screenshot below
Panel Position: you can set panel location of statistics panel using this option
Show Rates Between Waves: if you enable this option then rate between the waves are shown. by default it's enabled
Keep Last Pattern on the Chart : if you enable this option then even if pattern is invalidated/reach target/stop-loss it stays on the chart until new pattern is found. by default it's enabled
Line Style : line style for the last pattern on the chart
Patterns to Search: you have options to enable/disable the patterns listed above to find&show, you can enable/disable any pattern in the list. by default all patterns are enabled except AB=CD pattern
in the ALERTS menu you have many options to enable/disable the alerts you want. Alerts contain Symbol name, Pattern name, Direction as Long/Short, Recommended Entry, Targets, SL levels.
- New Pattern Found
- Pattern Updated
- Entered Position
- Reached Target
- Stop-loss
Show Zig Zag: if you want to see Zig Zag then you should enable this option, and you can set the colors for the Zig zag. by default it's disabled.
and some other options for coloring and line styles of the patterns..
This is how XABCD points found using zigzag waves, I tried to explain it in the video below:
Validation zones and Entry, Target1, Target2 and Stop-loss levels:
Each pattern has its own color, you can see which levels, letters, lines etc belongs to which pattern:
Pattern prediction: you can enable it and change its background color:
How Statistics panel looks like. if there is active pattern then it's shown in different color in the table
This screenshot shows how the script finds and shows multiple patterns on a candle:
And some examples for triangles and Double top/bottom patterns:
Symmetrical triangle:
Ascending triangle:
Double bottom
and many others..
While using different time frames the script can find same patterns, in the following screenshots you can see how same patterns found on 5 and 10 min chart. of course this depends on the Zigzag Period
in this video, the idea and the indicator options is explained:
I can say that this is very complex script and it takes very long time to develop. I used my all programming ability and Pine ability to develop it. I hope you like it and make a lot of profit.
DISCLAIMER: No sharing, copying, reselling, modifying, or any other forms of use are authorized for the documents, script / strategy, and the information published with them. This informational planning script / strategy is strictly for individual use and educational purposes only. This is not financial or investment advice. Investments are always made at your own risk and are based on your personal judgement. I am not responsible for any losses you may incur. Please invest wisely.
Enjoy!
Fractal Trend Trading System [DW]This is an advanced utility that uses fractal dimension and trend information to generate useful insights about price activity and potential trade signals.
In this script, my Advanced FDI algorithm is used to estimate the fractal dimension of the dataset over a user defined period.
Fractal dimension, unlike spatial or topological dimension, measures how complexity or detail in an "object" changes as its unit of measurement changes, rather than the number of axes it occupies.
Many forms of time series data (seismic data, ECG data, financial data, etc.) have been theoretically shown to have limited fractal properties.
Consequently, we can estimate the fractal dimension from this data to get an approximate measure of how rough or convoluted the data stream is.
Financial data's fractal dimension is limited to between 1 and 2, so it can also be used to roughly approximate the Hurst Exponent by the relationship H = 2 - D.
When D=1.5, data statistically behaves like a random walk. D above 1.5 can be considered more rough or "mean reverting" due to the increase in complexity of the series.
D below 1.5 can be considered more prone to trending due to the decrease in complexity of the series.
In this script, you are given the option to apply my Band Shelf EQ algorithm to the dataset before estimating dimension.
This enables you to transform your data and observe how its newly measured complexity changes the outputs.
Whether you want to give emphasis to some frequencies, isolate specific bands, or completely alter the shape of your waveform, EQ filtration makes for an interesting experience.
The default EQ preset in this script removes the low shelf, then attenuates low end and high end oscillations.
The dominant cyclical components (bands 3 - 5 on default settings) are passed at 100%, keeping emphasis on 8 to 64 sample per cycle oscillations.
The estimated dimension is then used to calculate the High Dimension Zone and the Error Bands.
Both of these components are great for analyzing trends and for estimating support and resistance values.
The High Dimension Zone is composed of a high line, low line, and midline that update their values when D is at or above the user defined zone activation threshold.
The zone is then averaged over a user defined amount of updates and zone width is multiplied by a user defined value.
The Error Bands are composed of a high, low, and middle band that are calculated using an error adjusted adaptive filter algorithm that utilizes dimension as the smoothing constant modulator.
The basis filter for the error bands has two calculation types built in:
-> MA - Calculates the filters as adaptive moving averages modulated by D.
-> WAP - Calculates the filters as adaptive weighted average prices modulated by D.
The WAP starting point can be based on the High Dimension Zone being moved or a user defined interval.
You can also define the WAP's minimum and maximum periods for additional control of the initial and decayed sensitivity states.
The alpha (smoothing constant) modulator can be fine tuned using the designated dimension thresholds.
When D is at or below the low dimension threshold, the filter is most responsive, and vice-versa for the high dimension threshold.
Alpha is then multiplied by a user defined amount for additional control of sensitivity.
Band width is then multiplied by a user defined value.
A Hull transformation can be optionally performed on the zone averaging and band filter algorithms as well, which will alter the frequency and phase responses at the cost of some overshoot.
This transformation is the same as a typical Hull equation, but with custom filters being used instead of WMA.
The calculated outputs are then used to gauge the trend for signal and color scheme calculations.
First, a dominant trend indication is selected from its designated dropdown tab.
The available built in indications to choose from are:
-> Band Trend (Outer) - Detects band breakouts and saves their direction to gauge trend.
-> Band Trend (Median) - Uses disparity between source and the band median to gauge trend.
-> Zone Trend (Expansion) - Detects when the high fractal zone expands and saves its direction to gauge trend.
-> Zone Trend (Outer Levels) - Detects zone breakouts and saves their direction to gauge trend.
-> Zone Trend (Median) - Uses disparity between source and the zone median to gauge trend.
Then the trend output is optionally filtered before triggering signals.
There are multiple trend filtration options built into this script that can be used individually or in unison:
-> Filter Trend With High Fractal Zone - Filters the trend using the specified zone level or combination of levels with either disparity or crossover conditions.
There is a set of options for bullish and bearish trends.
-> Filter Trend With Error Bands - Filters the trend using the specified band level or combination of levels with either disparity or crossover conditions.
There is a set of options for bullish and bearish trends.
-> Filter Trend With Band - Zone Disparity Condition - Filters the trend using the specified band level, zone level, and disparity direction.
There is a set of options for bullish and bearish trends.
-> Filter By Zone That Moves With The Trend - Filters the specified trend by detecting when the high fractal zone’s direction correlates.
-> Filter By Bands That Move With The Trend - Filters the specified trend by detecting when the error bands’ direction correlates.
-> Filter Using Wave Confirmation - Filters the specified trend by detecting when source is in a correlating wave with user defined length.
You can also choose separate lengths for bullish and bearish trends.
-> Filter By Bars With Decreasing Dimension - Filters the specified trend by detecting when fractal dimension is decreasing, suggesting source is approaching more linear movement.
The filtered trend output is then used to generate entry and exit signals.
There are multiple options included to fine tune how these signals behave.
For entries, you have the following options built in:
-> Limit Entry Dimension - Limits the range of dimensional values that are acceptable for entry with user defined thresholds.
This can be incredibly useful for filtering out entries taken when price is moving in a more complex pattern,
or when price is approaching a peak and you’re a little late to the party.
-> Enable Position Increase Signals - Enables more entry signals to fire up to a user defined number of times when a position is active.
This is helpful for those who incrementally increase their positions, or for those who want to see additional signals as reference.
-> Limit Number Of Consecutive Trades - Limits the number of consecutive trades that can be opened in a single direction to a user defined maximum.
This is especially useful for markets that only trend for brief durations.
By limiting the amount of trades you take in one direction, you have more control over your market exposure.
There is a set of these options for both bullish and bearish entries.
For exits, you have the following options built in:
-> Include Exit Signals From High Fractal Zone - Enables exit signals generated from either crossover or disparity conditions between price and a specified zone level.
-> Include Exit Signals From Error Bands - Enables exit signals generated from either crossover or disparity conditions between price and a specified zone level.
-> Include Inactive Trend Output For Exits - Triggers exit signals when the filtered trend output is an inactive value.
-> Dimension Target Exit Method - Triggers exit signals based on fractal dimension hitting a user defined threshold.
You can either choose for the exit to trigger instantly, or after dimension reverts from the target by a user specified amount.
-> Exit At Maximum Entry Dimension - Triggers exit signals when dimension exceeds the maximum entry limit.
-> Number Of Signals Required For 100% Exit - Controls the number of exit signals required to close the position.
You can also choose whether or not to include partial exits.
Enabling them will fire a partial signal when an exit occurs, but the position is not 100% closed.
Of course, there is a set of these options for bullish and bearish exits.
In my opinion, no system is complete without some sort of risk management protocol in place.
So in this script, bullish and bearish trades come equipped with optional protective SL and TP levels with signals.
The levels can be fixed or trailing, and are calculated with a user defined scale.
The available scales for SL and TP distances are ticks, pips, points, % of price, ATR, band range, zone range, or absolute numerical value.
Now what if you have some awesome signals of your own that you’d like to use in conjunction with this script?
Well good news. You can!
In addition to all of the customizable features built into the script, you can integrate your own signals into the system using the external data inputs and linking your script.
This adds a whole new layer of customization to the system.
With external signals, you can use your own custom dominant trend indication, filter the dominant trend, and trigger exits and protective stops using custom signals.
The signal input is an integer format. 1=Bull Signal, -1=Bear Signal, 2=Bull Exit, -2=Bear Exit, 3=Bull SL Hit, -3=Bear SL Hit, 4=Bull TP Hit, -4=Bear TP Hit.
You can also use the external input as a custom source value for either dimension or global sources to further tailor the system to your liking.
The color scheme in this script utilizes two custom gradients that can be chosen for bar and background colors:
-> Trend (Dominant or Filtered) - A polarized gradient that shows green scaled values for bullish trend and red scaled values for bearish trend.
The colors are brighter and more vibrant as perceived trend strength increases.
-> Dimension - A thermal gradient that shows cooler colors when dimension is higher, and hotter colors when dimension is lower.
Both color schemes are dependent on the designated dimension thresholds.
The script comes equipped with alerts for entries, additional entries, exits, partial exits, and protective stops so you can automate more and stare at your charts less.
And lastly, the script comes equipped with additional external outputs to further your analysis:
-> Entry And Exit Signals - Outputs in the same format as the external signal input with these additions: 5=Bull Increase, -5=Bear Increase, 6=Bull Reduce, -6=Bear Reduce.
You can use these to send to other scripts, including strategy types so you can backtest your performance on TV’s engine.
-> Dominant Trend - Outputs 1 for bullish and -1 for bearish. Can be used to send trend signals to another script.
I designed this tool with individuality in mind.
Every trader has a different situation. We trade on different schedules, markets, perspectives, etc.
Analytical systems of basically any type are very seldom (if ever) “one size fits all” and usually require a fair amount of modification to achieve desirable results.
That’s why this system is so freely customizable.
Your system should be flexible enough to be tailored to your analytical style, not the other way around.
When a system is limited in what you can control, it limits your experience, analytical potential, and possibly even profitability.
This is not your typical pre-set system. If you're looking for just another "buy, sell" script that requires minimal thought, look elsewhere.
If you’re ready to dive into a powerful technical system that allows you to tailor the experience to your style, welcome!
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This is a premium script, and access is granted on an invite-only basis.
To gain access, get a copy of the system overview, or for additional inquiries, send me a direct message.
I look forward to hearing from you!
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General Disclaimer:
Trading stocks, futures, Forex, options, ETFs, cryptocurrencies or any other financial instrument has large potential rewards, but also large potential risk.
You must be aware of the risks and be willing to accept them in order to invest in stocks, futures, Forex, options, ETFs or cryptocurrencies.
Don’t trade with money you can’t afford to lose.
This is neither a solicitation nor an offer to Buy/Sell stocks, futures, Forex, options, ETFs, cryptocurrencies or any other financial instrument.
No representation is being made that any account will or is likely to achieve profits or losses of any kind.
The past performance of any trading system or methodology is not necessarily indicative of future results.
Trend WaveHello Traders!
You know, I can sill remember the first time I started tinkering with Pinescript. As I had no prior programming experience, I learned by experimenting with other open-source scripts on TradingViews Marketplace. Tearing apart and combining interesting scripts to see what the output would be. @ChrisMoody was a huge source of inspiration for learning, and I wanted to thank him, as well as @TheLark for the concept behind this script.
The Trend Wave is based on @ChrisMoody's PPO-PercentileRank-Mkt-Tops-Bottoms , which also happens to be based on @TheLark's TheLark-Laguerre-PPO/ .
Within my experimentation, I found that if I isolate the ppoT & ppoB variables and plot them calculated from extremely small decimals, you can get an extremely fast reacting, mirroring trend detector.
Within the script, you have the ability to plot the background colors based on trend to make it easier to see where crossovers occured, as well as a Mirror Input to view the mirrored version of the script.
-@DayTradingOil
™TradeChartist Fib Extensions™TradeChartist Fib Extensions is a free to use script that helps traders plot Fibonacci Extensions on chart. Even though Trading View has a Fib extensions tool, some traders may prefer a plotting script like this with Fib plot lines extending across the whole of the chart to track historic prices in relation to Fib extensions drawn.
----To draw Fib extensions for uptrend ,
1. Choose a Pivot Low point (LL or a HL) as Pivot 1
2. Choose a Pivot High point (must be higher than Pivot 1) as Pivot 2
3. Choose a Pivot Low point (must be lower than Pivot 2, must be Higher than Pivot 1)
----To draw Fib extensions for downtrend,
1. Choose a Pivot High point (HH or a LH) as Pivot 1
2. Choose a Pivot Low point (must be lower than Pivot 1) as Pivot 2
3. Choose a Pivot High point (must be higher than Pivot 2 and lower than Pivot 1)
Negative extensions of -23.6% and -61.8% fib plots may be useful for some to spot reversals or to set stop losses.
Higher levels can be used if price goes beyond 161.8%
This is a free to use indicator. Give a thumbs up or leave a comment if you like the script
Check my 'Scripts' page to see other published scripts. Get in touch with me if you would like access to my invite-only scripts for a trial before deciding on a paid access for a period of your choice. Half-Yearly, Annual and Lifetime access available on invite-only scripts along with 1hr Team Viewer intro session.
™TradeChartist Fibonacci Plotter™TradeChartist Fibonacci Plotter is a free and easy to use script to plot Fibonacci levels, 20 EMA (20 period Exponential Moving Average) and Pivot Highs/Lows on any time frame chart on any assets like Stocks, Forex, Commodities, Cryptocurrencies etc.
Fibonacci Levels can be plotted using the following options from settings.
1. Lookback type - Candles
Calculates the High and Low price of the user input number of Candles back (100 default) and plots Fibonacci Levels based on the calculated High and Low for the number of candles in the past from the current candle
2. Lookback type - Days
Calculates the High and Low price of the user input number of Days back (100 default) and plots Fibonacci Levels based on the calculated High and Low for the number of days in the past from the day of the current bar. The levels stay intact on any time frame as long as no new Highs or Lows are formed.
3. Manual Price Input
Plots Fibonacci Levels based on the user specified High and Low Price in the settings input screen. The levels stay intact on any time frame irrespective of new Highs or Lows being formed. Using this option and activating higher Fibonacci Levels like 1.272, 1.414 and 1.618 will enable the trader to keep the Levels intact and set alerts based on static higher levels for trade execution when price crosses beyond 100% retracement. On the other two lookback types, higher levels when activated will move dynamically based on new highs or lows being formed and price will never go beyond 100% level.
Example of Manual Price Input for GBP-USD on 1hr chart with higher levels is shown below:
Also the levels can be reversed by checking "Reverse Fibonacci Levels" from settings (Off by Default)
In addition to the Fibonacci plot, 20 period EMA (On by Default) and Pivot Highs/Lows (On by Default) are coded into the script as optional extras as both of these indicators will help make an informed decision in making trade decisions using Fibonacci Levels.
This is a free to use indicator. Give a thumbs up or leave a comment if you like the script
Check my 'Scripts' page to see other published scripts. Get in touch with me if you would like access to my invite-only scripts for a trial before deciding on a paid access for a period of your choice. Monthly, Quarterly, Half-Yearly and 1 Year access available on invite-only scripts along with 1hr Team Viewer intro session.
Price Action Key Level Break & Retest — Instant ReversalThis script identifies high-confidence support and resistance levels using pivot points and multi-step retest confirmation. It helps traders detect reliable breakout and reversal zones using price action.
How It Works:
1. The script scans for pivot highs and lows on the chart to identify potential key levels.
2. Each level is monitored for multiple retests (configurable by the user). The more a level is tested and holds, the stronger it becomes.
3. When price interacts with a key level:
o A Support signal occurs if the level acts as support after multiple retests.
o A Resistance signal occurs if the level acts as resistance after multiple retests.
o If a signal fails (price breaks the level), an opposite signal is automatically placed at the breach point.
4. Optional volume filter validates the strength of moves, reducing false signals.
5. Horizontal Line Visualization: Support and Resistance signals are represented by drawing manually horizontal lines, which remain on the chart regardless of scrolling, zooming, or candle compression and helps traders to identify the breakout of key levels
Example:
• Suppose a stock forms a pivot low at ₹1,000.
• Price retraces and touches ₹1,000 two to three times, holding each time — the level is confirmed as strong support.
• The script places a buy line at ₹1,000.
• If price breaks below ₹1,000 after holding it for multiple retests, the script automatically generates a Resistance Signal at the breach point, signaling a potential trend reversal.
• That Resistance Signal act as Resistance level throughout. if such Resistance level breaks out above, it act as Support level and vice versa
• This allows traders to react adaptively, entering trades based on confirmed support or resistance while managing risk.
Why It’s Useful:
• Focuses on multi-retest confirmation rather than single touch points, reducing false signals.
• To draw horizontal lines on key levels, providing clear visualization of key levels without clutter.
• Integrates adaptive breach signals, so traders can respond when levels fail.
• Suitable for swing, intraday, and trend-following strategies.
How to Use:
1. Apply the script to any timeframe.
2. Configure pivot detection length and maximum retests to match trading style.
3. Enable the optional volume filter for stronger signal validation.
4. Monitor the horizontal lines for Support/Resistance signals and opposite signals at breaches.
5. Combine with other technical analysis if desired.
Concepts Behind the Script:
• Pivot-based support and resistance
• Multi-retest validation for stronger levels
• Adaptive opposite signals for failed levels
• Volume-based confirmation for reliability
• Horizontal line visualization for easy tracking
Key Features:
Horizontal Lines visualization: Support and Resistance levels remain on the chart permanently, providing constant visual reference.
Multi-Timeframe Compatible: Can be applied on any timeframe; lines and breach logic adjust automatically.
Optional Noise Filters: Volume and retest filters improve signal reliability.
Why It’s Worth Paying:
• Uses multi-retest confirmation to reduce false signals compared to standard support/resistance scripts.
• Provides adaptive opposite signals for failed levels — giving traders an actionable edge.
• Visualizes key levels as fixed horizontal lines, helping traders track trends clearly.
• Works across multiple timeframes — suitable for intraday, swing, or trend-following strategies.
How to Request Access:
This script is invite-only on TradingView. To get access:
1. DM me on TradingView with your username.
2. Access is granted individually to ensure proper use and avoid unauthorized sharing.
3. Once approved, you can apply the script to your charts immediately and benefit from high-confidence level detection.
Disclaimer:
Trading involves risk. Signals are based on historical price action and should be used alongside other technical analysis and risk management strategies.
Past performance does not guarantee future results. This is an analytical tool; it does not provide investment advice.
Multi-Timeframe Continuity Custom Candle ConfirmationMulti-Timeframe Continuity Custom Candle Confirmation
Overview
The Timeframe Continuity Indicator is a versatile tool designed to help traders identify alignment between their current chart’s candlestick direction and higher timeframes of their choice. By coloring bars on the current chart (e.g., 1-minute) based on the directional alignment with selected higher timeframes (e.g., 10-minute, daily), this indicator provides a visual cue for confirming trends across multiple timeframes—a concept known as Timeframe Continuity. This approach is particularly useful for day traders, swing traders, and scalpers looking to ensure their trades align with broader market trends, reducing the risk of trading against the prevailing momentum.
Originality and Usefulness
This indicator is an original creation, built from scratch to address a common challenge in trading: ensuring that price action on a lower timeframe aligns with the trend on higher timeframes. Unlike many trend-following indicators that rely on moving averages, oscillators, or other lagging metrics, this script directly compares the bullish or bearish direction of candlesticks across timeframes. It introduces the following unique features:
Customizable Timeframes: Users can select from a range of higher timeframes (5m, 10m, 15m, 30m, 1h, 2h, 4h, 1d, 1w, 1M) to check for alignment, making it adaptable to various trading styles.
Neutral Candle Handling: The script accounts for neutral candles (where close == open) on the current timeframe by allowing them to inherit the direction of the higher timeframe, ensuring continuity in trend visualization.
Table: A table displays the direction of each selected timeframe and the current timeframe, helping identify direction in the event you don't want to color bars.
Toggles for Flexibility: Options to disable bar coloring and the debug table allow users to customize the indicator’s visual output for cleaner charts or focused analysis.
This indicator is not a mashup of existing scripts but a purpose-built tool to visualize timeframe alignment directly through candlestick direction, offering traders a straightforward way to confirm trend consistency.
What It Does
The Timeframe Continuity Indicator colors bars on your chart when the direction of the current timeframe’s candlestick (bullish, bearish, or neutral) aligns with the direction of the selected higher timeframes:
Lime: The current bar (e.g., 1m) is bullish or neutral, and all selected higher timeframes (e.g., 10m) are bullish.
Pink: The current bar is bearish or neutral, and all selected higher timeframes are bearish.
Default Color: If the directions don’t align (e.g., 1m bar is bearish but 10m is bullish), the bar remains the default chart color.
The indicator also includes a debug table (toggleable) that shows the direction of each selected timeframe and the current timeframe, helping traders diagnose alignment issues.
How It Works
The script uses the following methodology:
1. Direction Calculation: For each timeframe (current and selected higher timeframes), the script determines the candlestick’s direction:
Bullish (1): close > open / Bearish (-1): close < open / Neutral (0): close == open
Higher timeframe directions are fetched using Pine Script’s request.security function, ensuring accurate data retrieval.
2. Alignment Check: The script checks if all selected higher timeframes are uniformly bullish (full_bullish) or bearish (full_bearish).
o A higher timeframe must have a clear direction (bullish or bearish) to trigger coloring. If any selected timeframe is neutral, alignment fails, and no coloring occurs.
3. Coloring Logic: The current bar is colored only if its direction aligns with the higher timeframes:
Lime if the higher timeframes are bullish and the current bar is bullish or neutral.
Maroon if the higher timeframes are bearish and the current bar is bearish or neutral.
If the current bar’s direction opposes the higher timeframe (e.g., 1m bearish, 10m bullish), the bar remains uncolored.
Users can disable bar coloring entirely via the settings, leaving bars in their default chart color.
4. Direction Table:
A table in the top-right corner (toggleable) displays the direction of each selected timeframe and the current timeframe, using color-coded labels (green for bullish, red for bearish, gray for neutral).
This feature helps traders understand why a bar is or isn’t colored, making the indicator accessible to users unfamiliar with Pine Script.
How to Use
1. Add the Indicator: Add the "Timeframe Continuity Indicator" to your chart in TradingView (e.g., a 1m chart of SPY).
2. Configure Settings:
Timeframe Selection: Check the boxes for the higher timeframes you want to compare against (default: 10m). Options include 5m, 10m, 15m, 30m, 1h, 2h, 4h, 1D, 1W, and 1M. Select multiple timeframes if you want to ensure alignment across all of them (e.g., 10m and 1d).
Enable Bar Coloring: Default: true (bars are colored lime or maroon when aligned). Set to false to disable coloring and keep the default chart colors.
Show Table: Default: true (table is displayed in the top-right corner). Set to false to hide the table for a cleaner chart.
3. Interpret the Output:
Colored Bars: Lime bars indicate the current bar (e.g., 1m) is bullish or neutral, and all selected higher timeframes are bullish. Maroon bars indicate the current bar is bearish or neutral, and all selected higher timeframes are bearish. Uncolored bars (default chart color) indicate a mismatch (e.g., 1m bar is bearish while 10m is bullish) or no coloring if disabled.
Direction Table: Check the table to see the direction of each selected timeframe and the current timeframe.
4. Example Use Case:
On a 1m chart of SPY, select the 10m timeframe.
If the 10m timeframe is bearish, 1m bars that are bearish or neutral will color maroon, confirming you’re trading with the higher timeframe’s trend.
If a 1m bar is bullish while the 10m is bearish, it remains uncolored, signaling a potential misalignment to avoid trading.
Underlying Concepts
The indicator is based on the concept of Timeframe Continuity, a strategy used by traders to ensure that price action on a lower timeframe aligns with the trend on higher timeframes. This reduces the risk of entering trades against the broader market direction. The script directly compares candlestick directions (bullish, bearish, or neutral) rather than relying on lagging indicators like moving averages or RSI, providing a real-time, price-action-based confirmation of trend alignment. The handling of neutral candles ensures that minor indecision on the lower timeframe doesn’t interrupt the visualization of the higher timeframe’s trend.
Why This Indicator?
Simplicity: Directly compares candlestick directions, avoiding complex calculations or lagging indicators.
Flexibility: Customizable timeframes and toggles cater to various trading strategies.
Transparency: The debug table makes the indicator’s logic accessible to all users, not just those who can read Pine Script.
Practicality: Helps traders confirm trend alignment, a key factor in successful trading across timeframes.
Watermark with dynamic variables [BM]█ OVERVIEW
This indicator allows users to add highly customizable watermark messages to their charts. Perfect for branding, annotation, or displaying dynamic chart information, this script offers advanced customization options including dynamic variables, text formatting, and flexible positioning.
█ CONCEPTS
Watermarks are overlay messages on charts. This script introduces placeholders — special keywords wrapped in % signs — that dynamically replace themselves with chart-related data. These watermarks can enhance charts with context, timestamps, or branding.
█ FEATURES
Dynamic Variables : Replace placeholders with real-time data such as bar index, timestamps, and more.
Advanced Customization : Modify text size, color, background, and alignment.
Multiple Messages : Add up to four independent messages per group, with two groups supported (A and B).
Positioning Options : Place watermarks anywhere on the chart using predefined locations.
Timezone Support : Display timestamps in a preferred timezone with customizable formats.
█ INPUTS
The script offers comprehensive input options for customization. Each Watermark (A and B) contains identical inputs for configuration.
Watermark settings are divided into two levels:
Watermark-Level Settings
These settings apply to the entire watermark group (A/B):
Show Watermark: Toggle the visibility of the watermark group on the chart.
Position: Choose where the watermark group is displayed on the chart.
Reverse Line Order: Enable to reverse the order of the lines displayed in Watermark A.
Message-Level Settings
Each watermark contains up to four configurable messages. These messages can be independently customized with the following options:
Message Content: Enter the custom text to be displayed. You can include placeholders for dynamic data.
Text Size: Select from predefined sizes (Tiny, Small, Normal, Large, Huge) or specify a custom size.
Text Alignment and Colors:
- Adjust the alignment of the text (Left, Center, Right).
- Set text and background colors for better visibility.
Format Time: Enable time formatting for this watermark message and configure the format and timezone. The settings for each message include message content, text size, alignment, and more. Please refer to Formatting dates and times for more details on valid formatting tokens.
█ PLACEHOLDERS
Placeholders are special keywords surrounded by % signs, which the script dynamically replaces with specific chart-related data. These placeholders allow users to insert dynamic content, such as bar information or timestamps, into watermark messages.
Below is the complete list of currently available placeholders:
bar_index , barstate.isconfirmed , barstate.isfirst , barstate.ishistory , barstate.islast , barstate.islastconfirmedhistory , barstate.isnew , barstate.isrealtime , chart.is_heikinashi , chart.is_kagi , chart.is_linebreak , chart.is_pnf , chart.is_range , chart.is_renko , chart.is_standard , chart.left_visible_bar_time , chart.right_visible_bar_time , close , dayofmonth , dayofweek , dividends.future_amount , dividends.future_ex_date , dividends.future_pay_date , earnings.future_eps , earnings.future_period_end_time , earnings.future_revenue , earnings.future_time , high , hl2 , hlc3 , hlcc4 , hour , last_bar_index , last_bar_time , low , minute , month , ohlc4 , open , second , session.isfirstbar , session.isfirstbar_regular , session.islastbar , session.islastbar_regular , session.ismarket , session.ispostmarket , session.ispremarket , syminfo.basecurrency , syminfo.country , syminfo.currency , syminfo.description , syminfo.employees , syminfo.expiration_date , syminfo.industry , syminfo.main_tickerid , syminfo.mincontract , syminfo.minmove , syminfo.mintick , syminfo.pointvalue , syminfo.prefix , syminfo.pricescale , syminfo.recommendations_buy , syminfo.recommendations_buy_strong , syminfo.recommendations_date , syminfo.recommendations_hold , syminfo.recommendations_sell , syminfo.recommendations_sell_strong , syminfo.recommendations_total , syminfo.root , syminfo.sector , syminfo.session , syminfo.shareholders , syminfo.shares_outstanding_float , syminfo.shares_outstanding_total , syminfo.target_price_average , syminfo.target_price_date , syminfo.target_price_estimates , syminfo.target_price_high , syminfo.target_price_low , syminfo.target_price_median , syminfo.ticker , syminfo.tickerid , syminfo.timezone , syminfo.type , syminfo.volumetype , ta.accdist , ta.iii , ta.nvi , ta.obv , ta.pvi , ta.pvt , ta.tr , ta.vwap , ta.wad , ta.wvad , time , time_close , time_tradingday , timeframe.isdaily , timeframe.isdwm , timeframe.isintraday , timeframe.isminutes , timeframe.ismonthly , timeframe.isseconds , timeframe.isticks , timeframe.isweekly , timeframe.main_period , timeframe.multiplier , timeframe.period , timenow , volume , weekofyear , year
█ HOW TO USE
1 — Add the Script:
Apply "Watermark with dynamic variables " to your chart from the TradingView platform.
2 — Configure Inputs:
Open the script settings by clicking the gear icon next to the script's name.
Customize visibility, message content, and appearance for Watermark A and Watermark B.
3 — Utilize Placeholders:
Add placeholders like %bar_index% or %timenow% in the "Watermark - Message" fields to display dynamic data.
Empty lines in the message box are reflected on the chart, allowing you to shift text up or down.
Using \n in the message box translates to a new line on the chart.
4 — Preview Changes:
Adjust settings and view updates in real-time on your chart.
█ EXAMPLES
Branding
DodgyDD's charts
Debugging
█ LIMITATIONS
Only supports variables defined within the script.
Limited to four messages per watermark.
Visual alignment may vary across different chart resolutions or zoom levels.
Placeholder parsing relies on correct input formatting.
█ NOTES
This script is designed for users seeking enhanced chart annotation capabilities. It provides tools for dynamic, customizable watermarks but is not a replacement for chart objects like text labels or drawings. Please ensure placeholders are properly formatted for correct parsing.
Additionally, this script can be a valuable tool for Pine Script developers during debugging . By utilizing dynamic placeholders, developers can display real-time values of variables and chart data directly on their charts, enabling easier troubleshooting and code validation.
Bond Yield SpreadThe Bond Yield Spread Script is developed for forex traders, offering an automated tool to calculate the bond yield spread between two countries associated with the forex pair displayed on the chart.
Functionality:
The script starts by identifying the base and quote currencies of the current forex pair and aligns them with their corresponding national bond symbols based on user-selected maturity, with options ranging from 01Y to 30Y. It calculates the yield spread by subtracting the bond yield associated with the quote country from that of the base country, following the formula:
Yield Spread = Yield(Base Country) − Yield(Quote Country)
which is then displayed as a plot line on the chart.
This script relies solely on TradingView's internal yield symbols, with the following calculation:
"currency" => "first two letters" + maturity
And maturity, in this case, is the value that is configured in the indicator settings, for example:
"EUR" => "EU" + "02Y" will result in EU02Y -> which will be used in the formula, depending on the quote or base currency.
Application in Trading:
This indicator is invaluable for traders employing carry trading strategies or assessing currency strength based on traded interest rates as an indicator. A higher yield spread typically indicates a stronger currency, because the return obtained for holding the currency is higher.
Originality and Practicality:
This script is self-developed, aiming to fill the gap in automatic bond yield comparisons within the TradingView environment. It is particularly beneficial for traders focusing on macroeconomic factors affecting forex markets. Unlike other scripts, it integrates various bond maturities into one tool, enhancing its utility and application range.
Conclusion:
Designed for traders incorporating macroeconomics in their strategy, this script will be useful to calculate the bond yield differences automatically without having to enter a new formula for every new currency pair.
Compliance and Limitations:
The script complies with TradingView scripting standards, ensuring no lookahead bias and maintaining real-time data integrity. However, its utility depends on the comprehensive availability of bond yield data within TradingView. As not all countries issue bonds for each listed maturity, this may limit the script’s application for certain currency pairs or specific maturities.
