Volatility Calculator for Daily Top and Bottom RangeWith the usage of ATR, applied on the close of the daily candle, I am calculated the volatility channels for the TOP and BOTTOM
Based on this logic, we can estimate, with a huge confidence factor, where the prices are going to be compressed for the trading day.
Having said that, lets take a look at the data gathered among the most important financial markets:
SPX
TOP CROSSES : 2116
BOT CROSSES : 1954
Total Daily Candles : 18908
Occurance ratio = 0.215
NDX
TOP CROSSES : 1212
BOT CROSSES : 1183
Total Daily Candles : 9386
Occurance ratio = 0.255
DIA
TOP CROSSES : 759
BOT CROSSES : 769
Total Daily Candles : 6109
Occurance ratio = 0.25
DXY
TOP CROSSES : 1597
BOT CROSSES : 1598
Total Daily Candles : 13156
Occurance ratio = 0.243
DAX
TOP CROSSES : 1878
BOT CROSSES : 1848
Total Daily Candles : 13155
Occurance ratio = 0.283
BTC USD
TOP CROSSES : 416
BOT CROSSES : 417
Total Daily Candles : 4290
Occurance ratio = 0.194
ETH USD
TOP CROSSES : 247
BOT CROSSES : 268
Total Daily Candles : 2452
Occurance ratio = 0.21
EUR USD
TOP CROSSES : 820
BOT CROSSES : 805
Total Daily Candles : 7489
Occurance ratio = 0.217
GOLD
TOP CROSSES : 1722
BOT CROSSES : 1569
Total Daily Candles : 13747
Occurance ratio = 0.239
USOIL
TOP CROSSES : 1077
BOT CROSSES : 1089
Total Daily Candles : 10231
Occurance ratio = 0.212
US 10Y
TOP CROSSES : 1302
BOT CROSSES : 1365
Total Daily Candles : 9075
Occurance ratio = 0.294
Based on this, we can assume with a very high confidence ( 70-80%) that the market is going to stay, within the range created from the BOT and TOP ATR points.
Komut dosyalarını "top" için ara
Bottom and Top finder [theUltimator5]🧭 Bottom and Top Finder — Multi-Symbol Momentum Divergence Detector
The Bottom and Top Finder by theUltimator5 is a highly configurable, momentum-based indicator designed to identify potential market reversal points using a multi-symbol relative strength comparison framework. It evaluates Directional Movement Index (DMI) values from up to three correlated or macro-influential assets to determine when the current instrument may be approaching a bottom (oversold exhaustion) or a top (overbought exhaustion).
🧠 How It Works
This script computes both the +DI (positive directional index) and -DI (negative directional index) for:
The currently selected chart symbol
Up to three user-defined reference symbols (e.g., sector leaders, macro ETFs, currencies, volatility proxies)
It uses a logarithmic percent-change approach to normalize all movement metrics, ensuring results are scale-invariant and price-neutral — meaning it works consistently whether a stock trades at $1 or $100,000. This makes the comparison between different assets meaningful, even if they trade on different scales or volatility levels.
The indicator then:
Compares the +DI values of the reference symbols to the current symbol’s +DI → seeking bottoming signals (suggesting the current symbol is unusually weak).
Compares the -DI values of the reference symbols to the current symbol’s -DI → seeking topping signals (suggesting the current symbol is unusually strong on the downside).
These comparisons are aggregated using a weighted average, where you control the influence (multiplier) of each reference symbol.
🔁 Trigger Logic
The indicator generates two dynamic lines:
Bot Line (Bottom Line): Based on reference +DI vs. current +DI
Top Line: Based on reference -DI vs. current -DI
If the Bot Line rises above the user-defined threshold, it may signal that capitulation or oversold conditions are developing. Similarly, if the Top Line rises above its threshold, it may indicate a blow-off top or overbought selling pressure.
To avoid false positives, a second smoothing-based condition must also be met:
The line must significantly exceed its moving average, confirming momentum divergence.
When both conditions are true, the indicator highlights the background in light red (bottom alert) or green (top alert) for easy visual scanning.
🔧 Key Inputs & Customization
You can fine-tune this tool using the following parameters:
Smoothing Length: Controls how smooth or sensitive the DI values are.
Reference Symbols: Up to 3 assets (default: RSP, HYG, DXY) — customizable for sector, macro, or inverse relationships.
Influence Multipliers: Adjust the weight each symbol has on the overall signal.
Display Options:
Toggle to highlight the chart background during trigger conditions.
Toggle to display a real-time table of reference symbols and their influence levels.
📈 Visual Output
Two plotted lines: One for bottoms and one for tops
Dynamically colored based on how far they exceed thresholds
Background highlights to mark trigger zones
Optional table displaying the current reference symbol setup and weights
🛠 Best Use Cases
This tool is ideal for:
Identifying short-term tops or bottoms using momentum exhaustion
Spotting divergences between an asset and broader market or sector health
Macro analysis with assets like SPY, QQQ, GME, MSFT, BTC, etc...
Pair trading signals or market breadth confirmation/disagreement
It complements other technical indicators like RSI, MACD, Bollinger Bands, or price structure patterns (double bottoms/tops, etc.)
Double Tops & Bottoms [QuantVue]This indicator is designed to detect and plot Double Tops and Double Bottoms, by setting the initial high or low using standard pivot points.
Double Tops
A Double Top is a bearish reversal pattern, typically found when an uptrend returns back to a prior peak. It signifies a potential turning point or resistance level and could potentially reverse in direction.
The pattern is confirmed as a Double Top when the price breaks above the resistance level, but closes below it. A decisive close below this level is seen as a confirmation of the bearish trend.
Double Bottoms
A Double Bottom, on the other hand, is a bullish reversal pattern typically found after a downtrend. It signals a potential turning point or support level where the price has bottomed and could potentially reverse upwards.
The pattern is confirmed as a Double Bottom when the price breaks below the support level, but closes above it. A decisive close above this level is viewed as a confirmation of the bullish trend.
Indicator Features
🔹Double Top Detection: When a double top is identified, a downward-pointing triangle will be plotted above the bar, and if the alerts are enabled, a notification will be triggered.
🔹Double Bottom Detection: When a double bottom is identified, an upward-pointing triangle will be plotted below the bar, and if the alerts are enabled, a notification will be triggered.
🔹Pivot Lookback: Defines the number of bars to the left and right of the pivot that must be lower/higher to qualify as a pivot.
🔹Maximum Length Between Tops/Bottoms: Maximum number of bars between two tops/bottoms to be considered a double top or bottom.
🔹Style Settings: Allows the user to customize the appearance of the lines indicating the tops/bottoms. Options include color selection, line style (dotted, dashed, or solid), and line thickness.
🔹Alerts: The user can enable or disable alerts for Double Top and Double Bottom.
Give this indicator a BOOST and COMMENT your thoughts!
We hope you enjoy.
Cheers!
Williams Vix Fix + BB & RVI (Top/Bottom) & SqueezeLegend :
- When line touches or crosses red band it is Top signal (Williams Vix Fix)
- When line touches or crosses blue band it is Bottom signal (Williams Vix Fix)
- Red dot at the top of indicator is a Top signal (Relative Volatility Index)
- Blue dot at the top of indicator is a Bottom signal (Relative Volatility Index)
- Gray dot at the bottom of indicator is a Squeeze signal
This is an attempt to make use of the main features of all 4 of these very popular Volatility tools :
- Williams Vix Fix + Bollinger Bands (as per Larry Williams idea, link )
- Relative Volatility Index (RVI)
- The crossing of Keltner Channel by the Bollinger Bands (Squeeze)
The goal is to find the best tool to find bottoms and top relative to volatility . This is a simple combination, but I find it very useful personally
(no need to reinvent the wheel, just need to find what works best)
The idea is that Williams Vix Fix + Bollinger Bands already give the main volatility bottom and top (Bottom are more accurate).
So instead of trying to modify it, I chose to compliment it by mapping with points when the Relative Volatility Index (RVI) reached the
top/bottom thresholds (red dot means top and blue dot means bottom). That way we can easily see when both indicators find a top or bottom relative
to volatility (of course this needs to be then confirmed with a momentum indicator rally).
In addition, I added the squeeze because this quickly shows the potential breakouts.
For ideas on how to continue this work, it would be very interesting to be able to create a probability of a bottom and top relative to volatility using the
Williams Vix Fix + Bollinger Bands and "Relative Volatility Index" signals as both work well and give top or bottom the other doesn't see.
Double Top/Bottom Fractals DetectorDouble Top/Bottom Detector with Williams Fractals (Extended + Early Signal)
This indicator combines the classic Williams Fractals methodology with an enhanced mechanism to detect potential reversal patterns—namely, double tops and double bottoms. It does so by using two separate detection schemes:
Confirmed Fractals for Pattern Formation:
The indicator calculates confirmed fractals using the traditional Williams Fractals rules. A fractal is confirmed if a bar’s high (for an up fractal) or low (for a down fractal) is the highest or lowest compared to a specified number of bars on both sides (default: 2 bars on the left and 2 on the right).
Once a confirmed fractal is identified, its price (high for tops, low for bottoms) and bar index are stored in an internal array (up to the 10 most recent confirmed fractals).
When a new confirmed fractal appears, the indicator compares it with previous confirmed fractals. If the new fractal is within a user-defined maximum bar distance (e.g., 20 bars) and the price difference is within a specified tolerance (default: 0.8%), the indicator assumes that a double top (if comparing highs) or a double bottom (if comparing lows) pattern is forming.
A signal is then generated by placing a label on the chart—SELL for a double top and BUY for a double bottom.
Early Signal Generation:
To capture potential reversals sooner, the indicator also includes an “early signal” mechanism. This uses asymmetric offsets different from the confirmed fractal calculation:
Signal Right Offset: Defines the candidate bar used for early signal detection (default is 1 bar).
Signal Left Offset: Defines the number of bars to the left of the candidate that must confirm the candidate’s price is the extreme (default is 2 bars).
For an early top candidate, the candidate bar’s high must be greater than the highs of the bars specified by the left offset and also higher than the bar immediately to its right. For an early bottom candidate, the corresponding condition applies for lows.
If the early candidate’s price level is within the acceptable tolerance when compared to any of the previously stored confirmed fractals (again, within the allowed bar distance), an early signal is generated—displayed as SELL_EARLY or BUY_EARLY.
The early signal block can be enabled or disabled via a checkbox input, allowing traders to choose whether to use these proactive signals.
Key Parameters:
n:
The number of bars used to confirm a fractal. The fractal is considered valid if the bar’s high (or low) is higher (or lower) than the highs (or lows) of the preceding and following n bars.
maxBarsApart:
The maximum number of bars allowed between two fractals for them to be considered part of the same double top or bottom pattern.
tolerancePercent:
The maximum allowed percentage difference (default: 0.8%) between the high (or low) values of two fractals to qualify them as matching for the pattern.
signalLeftOffset & signalRightOffset:
These parameters define the asymmetric offsets for early signal detection. The left offset (default: 2) specifies how many bars to look back, while the right offset (default: 1) specifies the candidate bar’s position.
earlySignalsEnabled:
A checkbox option that allows users to enable or disable early signal generation. When disabled, the indicator only uses confirmed fractal signals.
How It Works:
Fractal Calculation and Plotting:
The confirmed fractals are calculated using the traditional method, ensuring robust identification by verifying the pattern with a symmetrical offset. These confirmed fractals are plotted on the chart using triangle shapes (upwards for potential double bottoms and downwards for potential double tops).
Pattern Detection:
Upon detection of a new confirmed fractal, the indicator checks up to 10 previous fractals stored in internal arrays. If the new fractal’s high or low is within the tolerance range and close enough in terms of bars to one of the stored fractals, it signifies the formation of a double top or double bottom. A corresponding SELL or BUY label is then placed on the chart.
Early Signal Feature:
If enabled, the early signal block checks for candidate bars based on the defined asymmetric offsets. These candidates are evaluated to see if their high/low levels meet the early confirmation criteria relative to nearby bars. If they also match one of the confirmed fractal levels (within tolerance and bar distance), an early signal is issued with a label (SELL_EARLY or BUY_EARLY) on the chart.
Benefits for Traders:
Timely Alerts:
By combining both confirmed and early signals, the indicator offers a proactive approach to detect reversals sooner, potentially improving entry and exit timing.
Flexibility:
With adjustable parameters (including the option to disable early signals), traders can fine-tune the indicator to better suit different markets, timeframes, and trading styles.
Enhanced Pattern Recognition:
The dual-layered approach (confirmed fractals plus early detection) helps filter out false signals and captures the essential formation of double tops and bottoms more reliably.
Double Top/Bottom DetectorDouble Top/Bottom Detector Indicator Description
Overview
The Double Top/Bottom Detector is a technical analysis tool designed to automatically identify and label potential double top and double bottom patterns on price charts. By combining pivot point detection with configurable height tolerance and pullback depth criteria, this indicator helps traders visually spot possible trend reversal zones without manual drawing or guesswork.
Key Features
• Pivot Point Identification
The indicator uses a symmetric window approach to find true highs and lows. A pivot high is confirmed only when a bar’s high exceeds the highs of a specified number of bars both before and after it. Likewise, a pivot low is established when a bar’s low is the lowest in its surrounding window.
• Double Top and Double Bottom Detection
– Height Tolerance: Ensures that the two pivot points forming the pattern are within a user-defined percentage of each other.
– Pullback Depth: Measures the drop (for a double top) or the rise (for a double bottom) between the two pivot points and confirms that it meets a minimum percentage threshold.
• Automatic Drawing and Labeling
When a valid double top is detected, a red line connects the two pivot highs and a “Double Top” label is centered above the line. For a double bottom, a green line connects the two pivot lows and a “Double Bottom” label appears below the midpoint.
• Pivot Visualization for Debugging
Small red and green triangles mark every detected pivot high and pivot low on the chart, making it easy to verify and fine-tune settings.
Parameters
Height Tolerance (%) – The maximum allowable percentage difference between the two pivot heights (default 2.0).
Pullback Minimum (%) – The minimum required percentage pullback (for tops) or rebound (for bottoms) between the two pivots (default 5.0).
Pivot Lookback – The number of bars to look back and forward for validating pivot points (default 5).
Window Length – The number of bars over which to compute pullback extrema, equal to twice the pivot lookback plus one (default derived from pivot lookback).
Usage Instructions
1. Copy the Pine Script code into TradingView’s editor and select version 6.
2. Adjust the parameters based on the asset’s volatility and timeframe. A larger lookback window yields fewer but more reliable pivots; tighter height tolerance produces more precise pattern matches.
3. Observe the chart for red and green triangles marking pivot highs and lows. When two qualifying pivots occur, the indicator draws a connecting line and displays a descriptive label.
4. To extend the number of visible historical lines and labels, increase the max\_lines\_count and max\_labels\_count settings in the indicator declaration.
Customization Ideas
• Add volume or moving average filters to reduce false signals.
• Encapsulate pivot logic into reusable functions for cleaner code.
• Incorporate alert conditions to receive notifications when new double top or bottom patterns form.
This indicator is well suited for medium- to long-term analysis and can be combined with risk management rules to enhance decision making.
Flat Tops/Bottoms aka Devil's MarkThis Pine script indicator is designed to visually depict price inefficiencies, as identified by Flat Top/Bottom Candles (aka Devil's Mark). A Flat Top/Bottom Candle is a scenario where there is an absence of a wick at the top or the bottom of the candle. These represent zones of inefficiency and will frequently act as magnets for price that the market will strive to rebalance in accordance with ICT principles.
Relevance:
Flat Top/Bottom Candles are zones where price delivery didn't provide opportunity for manipulation representing an inefficiency that the market will seek to rebalance. Consequently, these zones can provide good targets for entries in the opposite direction or take profit targets for previous entries in the direction of the Flat Top/Bottom Candle.
How It Works:
The indicator keeps track of all Flat Top/Bottom Candles from the beginning of the available history. It automatically removes all mitigated Flat Top/Bottom Candles, which are situations where the price has gone past the candle without a wick.
Configurability:
You can configure the colors, style & width of the lines used to represent flat top/bottom candles.
What makes this indicator different:
Designed with high performance in mind, to reduce impact on chart render time.
Only keeping the currently valid flat top/bottoms on the chart.
CBA Block Tops/Bottoms w/TableHow It Works
Separate Block Sizes & Pre-Calculations: • Two inputs let you set the TOP block size and the BOTTOM block size independently (default both 5). • The script pre-calculates the highest high over the TOP block and the lowest low over the BOTTOM block using ta.highest and ta.lowest.
Horizontal Line Customization: • Users can toggle each horizontal line on or off (via showTopLine and showBottomLine). • Colors, widths, and line styles (Solid, Dotted, or Dashed) for TOP and BOTTOM lines are customizable with separate inputs. • When a block ends, if the corresponding line is enabled, a horizontal line is drawn using the user‑selected parameters.
Array Storage and Averaging: • The script appends each block’s TOP value to the tops array and each BOTTOM value to the bottoms array, keeping their sizes to a maximum defined by the lookback (default 25). • A helper function, f_avg(), safely computes the average of the array values.
Table Display: • A table is created with three columns: an index column (with fixed labels “Active”, “Prev”, “Prev-2”, “Prev-3”, “Prev-4”, “Avg”), a TOP column, and a BOTTOM column. • The first five rows display the most recent TOP and BOTTOM signals (“Active” being the most recent), and the final row shows the average values.
This code gives you full control over both the TOP and BOTTOM block calculations and the appearance of their horizontal lines, all while presenting the data in an informative table.
Atlantean Bitcoin Weekly Market Condition - Top/Bottom BTC Overview:
The "Atlantean Bitcoin Weekly Market Condition Detector - Top/Bottom BTC" is a specialized TradingView indicator designed to identify significant turning points in the Bitcoin market on a weekly basis. By analyzing long-term and short-term moving averages across two distinct resolutions, this indicator provides traders with valuable insights into potential market bottoms and tops, as well as the initiation of bull markets.
Key Features:
Market Bottom Detection: The script uses a combination of a simple moving average (SMA) and an exponential moving average (EMA) calculated over long and short periods to identify potential market bottoms. When these conditions are met, the script signals a "Market Bottom" label on the chart, indicating a possible buying opportunity.
Bull Market Start Indicator: When the short-term EMA crosses above the long-term SMA, it signals the beginning of a bull market. This is marked by a "Bull Market Start" label on the chart, helping traders to prepare for potential market upswings.
Market Top Detection: The script identifies potential market tops by analyzing the crossunder of long and short-term moving averages. A "Market Top" label is plotted, suggesting a potential selling point.
Customizable Moving Averages Display: Users can choose to display the moving averages used for detecting market tops and bottoms, providing additional insights into market conditions.
How It Works: The indicator operates by monitoring the interactions between the specified moving averages:
Market Bottom: Detected when the long-term SMA (adjusted by a factor of 0.745) crosses over the short-term EMA.
Bull Market Start: Detected when the short-term EMA crosses above the long-term SMA.
Market Top: Detected when the long-term SMA (adjusted by a factor of 2) crosses under the short-term SMA.
These conditions are highlighted on the chart, allowing traders to visualize significant market events and make informed decisions.
Intended Use: This indicator is best used on weekly Bitcoin charts. It’s designed to provide long-term market insights rather than short-term trading signals. Traders can use this tool to identify strategic entry and exit points during major market cycles. The optional display of moving averages can further enhance understanding of market dynamics.
Originality and Utility: Unlike many other indicators, this script not only highlights traditional market tops and bottoms but also identifies the aggressive start of bull markets, offering a comprehensive view of market conditions. The unique combination of adjusted moving averages makes this script a valuable tool for long-term Bitcoin traders.
Disclaimer: The signals provided by this indicator are based on historical data and mathematical calculations. They do not guarantee future market performance. Traders should use this tool as part of a broader trading strategy and consider other factors before making trading decisions. Not financial advice.
Happy Trading!
By Atlantean
Double Top, Double Bottom & Head and Shoulders Patterns [ST]Double Top, Double Bottom & Head and Shoulders Patterns
Description in English:
This indicator identifies double top, double bottom, head and shoulders, and inverse head and shoulders patterns on a 4-hour timeframe. It marks the pivot points with circles and outlines the structures with lines, providing clear visual signals of these important reversal patterns.
The colors are customizable for each pattern type.
Detailed Explanation:
Configuration:
Pivot Length: This input defines the period over which pivot points are calculated. The default value is 10.
Circle Color: This input sets the color of the circles that mark the identified double top and double bottom patterns. The default color is blue.
Line Color: This input sets the color of the lines that circle the identified structures of double top and double bottom patterns. The default color is red.
Head and Shoulders Color: This input sets the color of the circles and lines that mark the head and shoulders patterns. The default color is orange.
Inverse Head and Shoulders Color: This input sets the color of the circles and lines that mark the inverse head and shoulders patterns. The default color is purple.
Pattern Identification:
Pivot High and Low: The script uses the pivothigh and pivotlow functions to identify local maxima and minima, essential for detecting the patterns.
Double Top: Identified when there are two pivot highs within the pivot length, and the second high is equal to the first. This pattern typically indicates a potential reversal from an uptrend to a downtrend.
Double Bottom: Identified when there are two pivot lows within the pivot length, and the second low is equal to the first. This pattern typically indicates a potential reversal from a downtrend to an uptrend.
Head and Shoulders: Identified when there is a higher pivot high (head) between two lower pivot highs (shoulders), indicating a potential reversal from an uptrend to a downtrend.
Inverse Head and Shoulders: Identified when there is a lower pivot low (head) between two higher pivot lows (shoulders), indicating a potential reversal from a downtrend to an uptrend.
Drawing Circles and Lines:
Double Top: Marked with blue circles and red lines.
Double Bottom: Marked with blue circles and red lines.
Head and Shoulders: Marked with orange circles and lines.
Inverse Head and Shoulders: Marked with purple circles and lines.
Indicator Benefits:
Pattern Identification: Helps traders identify key reversal patterns (double top, double bottom, head and shoulders, and inverse head and shoulders) on the 4-hour timeframe.
Visual Cues: Provides clear visual signals for these patterns, aiding in making informed trading decisions.
Customizable Parameters: Allows traders to adjust the pivot length, circle color, line color, head and shoulders color, and inverse head and shoulders color to suit different trading strategies and market conditions.
Justification of Component Combination:
Combining pivot point identification with pattern recognition provides a robust method for detecting significant reversal patterns. The visual cues enhance the trader's ability to quickly spot these patterns on the chart.
How Components Work Together:
The script first identifies pivot points based on the specified pivot length.
It then checks for the presence of double top, double bottom, head and shoulders, and inverse head and shoulders patterns using these pivot points.
When a pattern is identified, it is marked with a circle on the chart, and lines are drawn around the structure to provide a clear visual indication of the pattern's presence.
Título: Padrões de Morro Duplo, Fundo Duplo e Ombro-Cabeça-Ombro
Descrição em Português:
Este indicador identifica padrões de morro duplo, fundo duplo, ombro-cabeça-ombro e ombro-cabeça-ombro invertido no gráfico de 4 horas.
Ele marca os pontos de pivô com círculos e contorna as estruturas com linhas, fornecendo sinais visuais claros desses importantes padrões de reversão. As cores são personalizáveis para cada tipo de padrão.
Explicação Detalhada:
Configuração:
Comprimento do Pivô: Este input define o período sobre o qual os pontos de pivô são calculados. O valor padrão é 10.
Cor do Círculo: Este input define a cor dos círculos que marcam os padrões identificados de morro duplo e fundo duplo. A cor padrão é azul.
Cor da Linha: Este input define a cor das linhas que contornam as estruturas identificadas de morro duplo e fundo duplo. A cor padrão é vermelha.
Cor de Ombro-Cabeça-Ombro: Este input define a cor dos círculos e linhas que marcam os padrões de ombro-cabeça-ombro. A cor padrão é laranja.
Cor de Ombro-Cabeça-Ombro Invertido: Este input define a cor dos círculos e linhas que marcam os padrões de ombro-cabeça-ombro invertido. A cor padrão é lilás.
Identificação de Padrões:
Pivô Alto e Baixo: O script usa as funções pivothigh e pivotlow para identificar máximas e mínimas locais, essenciais para detectar os padrões.
Morro Duplo: Identificado quando há duas máximas de pivô dentro do comprimento do pivô, e a segunda máxima é igual à primeira. Este padrão geralmente indica uma reversão potencial de uma tendência de alta para uma tendência de baixa.
Fundo Duplo: Identificado quando há duas mínimas de pivô dentro do comprimento do pivô, e a segunda mínima é igual à primeira. Este padrão geralmente indica uma reversão potencial de uma tendência de baixa para uma tendência de alta.
Ombro-Cabeça-Ombro: Identificado quando há uma máxima de pivô mais alta (cabeça) entre duas máximas de pivô mais baixas (ombros), indicando uma reversão potencial de uma tendência de alta para uma tendência de baixa.
Ombro-Cabeça-Ombro Invertido: Identificado quando há uma mínima de pivô mais baixa (cabeça) entre duas mínimas de pivô mais altas (ombros), indicando uma reversão potencial de uma tendência de baixa para uma tendência de alta.
Desenho de Círculos e Linhas:
Morro Duplo: Marcado com círculos azuis e linhas vermelhas.
Fundo Duplo: Marcado com círculos azuis e linhas vermelhas.
Ombro-Cabeça-Ombro: Marcado com círculos e linhas laranjas.
Ombro-Cabeça-Ombro Invertido: Marcado com círculos e linhas lilás.
Benefícios do Indicador:
Identificação de Padrões: Ajuda os traders a identificar padrões-chave de reversão (morro duplo, fundo duplo, ombro-cabeça-ombro e ombro-cabeça-ombro invertido) no gráfico de 4 horas.
Sinais Visuais: Fornece sinais visuais claros para esses padrões, auxiliando na tomada de decisões informadas.
Parâmetros Personalizáveis: Permite que os traders ajustem o comprimento do pivô, a cor do círculo, a cor da linha, a cor de ombro-cabeça-ombro e a cor de ombro-cabeça-ombro invertido para se adequar a diferentes estratégias de negociação e condições de mercado.
Justificação da Combinação de Componentes:
Combinar a identificação de pontos de pivô com o reconhecimento de padrões fornece um método robusto para detectar padrões de reversão significativos. Os sinais visuais melhoram a capacidade do trader de identificar rapidamente esses padrões no gráfico.
Como os Componentes Funcionam Juntos:
O script primeiro identifica os pontos de pivô com base no comprimento do pivô especificado.
Em seguida, verifica a presença de padrões de morro duplo, fundo duplo, ombro-cabeça-ombro e ombro-cabeça-ombro invertido usando esses pontos de pivô.
Quando um padrão é identificado, ele é marcado com um círculo no gráfico, e linhas são desenhadas ao redor da estrutura para fornecer uma indicação visual clara da presença do padrão.
Double Tops/Bottoms [UAlgo]🔶Description:
The "Double Tops/Bottoms " indicator is designed to identify potential double tops and double bottoms on price charts. These patterns are often considered significant as they may indicate a reversal in the prevailing trend. The indicator can be applied to both high/low and close price data, offering flexibility in analyzing different aspects of market behavior.
🔶Key Features:
Source Selection: Users can choose between using high/low or close prices as the basis for identifying double tops and bottoms, allowing for tailored analysis based on specific price actions.
Lookback Length: The indicator offers a customizable lookback length, enabling users to adjust the sensitivity of pattern detection according to their trading preferences and timeframes.
Pivot Length: Users can specify the length of the pivot used in identifying double tops and bottoms, providing flexibility in capturing different market dynamics.
Minimum Bar Count Between Tops/Bottoms: A minimum bar count parameter allows users to control the distance between consecutive tops or bottoms, enhancing the accuracy of pattern recognition.
Pivot Tops/Bottoms Only: The indicator offers the option to focus exclusively on pivot tops and bottoms, streamlining the analysis process for users interested specifically in these key reversal points.
Disclaimer:
Trading involves substantial risk and is not suitable for every investor. The indicator provided here is intended for informational purposes only and should not be construed as investment advice or a recommendation to buy, sell, or hold any securities. Users are solely responsible for evaluating their own investment decisions and should seek professional financial advice if needed. The creator of this indicator (UAlgo) does not guarantee the accuracy, completeness, or reliability of the information provided, and shall not be liable for any losses incurred in connection with its use. By using this indicator, users acknowledge and agree to assume all risks associated with trading activities.
Swing BoxesHey, folks!
Sorry for not posting anything for such a long time. Don't have enough ideas and resources to get inspiration, so trying to brainstorm good stuff in my free time from university studies.
But despite my absence more I now have 300+ people subscribed to me! Thanks, guys, for keeping interest for my work, as I still do value each boost on my script, for real :)
So here is new script , enjoy!
Swing Boxes is pretty simple indicator, which plots signals with "boxes", that help you determine price targets.
What is the idea behind?
I wanted to make indicator, that could help me make swing trades with nice accuracy (as all we want, lol), and for signal criteria I decided to use highs and lows of the price . Then I started coding some ideas to see which of them could be worthy. And, actually, Swing Boxes appeared to be good. But the thing is, that I didn't intend to build them, they appeared as an anomaly from my code :)
I started to explore this anomaly (it looked super cool, but was repainting hard) to fix it and I succeeded, now Swng Boxes don't repaint.
The main idea is that when price goes above it's highest value of p-bars back or below it's lowest value p-bars back, then there is a some god probability, that price will continue to follow current direction.
And the things about Swing Boxes is that when there is a good trend movement, the boxes become super small to track price movement and when price breaks out in the counter-trend direction, then you will be able to almost perfectly catch a top or a bottom! But most of the signals won't be so high-quality, so don't think that is this some holy grail to trade swing-trading, because it is not.
Signal logic
Quick hint:
- epsilon(variable e ) = ATR * ATR_Factor . It is used to determine box's sensitivity to price changes.
If previous close is higher than variable, which contains previous HIGHEST value (variable h in the code), then update the this variable by taking up-to-date highest value and add epsilon( e ) to it;
If previous close is lower than variable, which contains previous LOWEST value (variable l in the code), then update the this variable by taking up-to-date lowest value and substract epsilon( e ) from it.
Variables decribed above ( h and l ) are box's top and bottom respectively, so if price cross them, it is logical to update it is value.
Settings and what is what
Swing Box Period - numbers fo bars in the past to find highest and lowest price from. The bigger the input, the bigger the boxes will be;
ATR Period;
ATR Factor - multiplier for ATR, determines sensitivity for price changes. The bigger this input, the more accurate signals will be, but less the probability that the signal will be on the top or a bottom.
Show Boxes? - when chosen, plots box's top and bottom. Used to determine price targets.
Show Baseline? - when chosen, plot's baseline, which midline between box's top and bottom.
How to use?
This indicator plots green and red triangles by default.
- Green triangle --> Buy ;
- Red triangle --> Sell ;
As I've said before, many signals from indicator will probably be garbage, so you need to tune settings for youself, so it could satisfy you .
You can enable showing boxes to see box's top and bottom. Box's bottom --> your entry, top --> your profit target.
If you find a way to sort bad signals, you will be able to trade with super cool RR, because the signal from Swing Boxes appear to be a good one, there is almost 95% probability, that price will not even come close to your stop loss, so you can trade with super small stop-losses! Smaller stop-loss --> smaller risk --> smaller loss --> bigger profit, it is that easy.
Also you can enable baseline to use at as your 1st TP, and box's top/bottom as 2nd TP, closing 25% on TP1 and the rest on TP2 (but that is just mine recommendation, you can use different RM (risk-management), if you want).
Also you can use baseline as your S/R (Support/Resistance) line, test it out on your charts.
And please, hear me out: as all other indicators out here on the TradingView, Swing Boxes ARE NOT meant to be traded in solo! Many bad signal can go in a row, so PLEASE find your way to filter out bad signals with other indicators.
You can see here the example of a garabge-class signal in a row, so be don't be deluded!
I do hope that somebody will suggest and idea to improve this thing, as I personally don't have enough time to think about it because of my university studies, but I will probably try it make this thing better throughout the time.
And that's it for now, folks! If you have any ideas for scripts, strategies or anything else, feel free to DM me or leave a comment, I will check it.
Hope you will find this script useful.
Take your profits!
- Tarasenko Fyodor
Z-Scored Pi Cycle Top & BottomThis indicator calculates the Z-score of the Pi Cycle Top & Bottom indicator to identify potential market cycle tops and bottoms. It uses the relationship between two EMAs (111 and 350) to assess the price action and applies a Z-score to determine how far the current value deviates from the mean, providing a normalized measure of overbought and oversold conditions.
Summary:
The Z-Scored Pi Cycle Top & Bottom indicator is designed to help traders identify significant market cycle extremes by applying a Z-score to the Pi Cycle Top & Bottom ratio (EMA 111/EMA 350). This normalized score ranges between -2.99 and 2.99, with values near the extremes suggesting potential market tops or bottoms. Green shading indicates a positive Z-score (potential top), while red shading indicates a negative Z-score (potential bottom).
Use this indicator to gauge where the market stands relative to historical tops and bottoms, allowing for more informed decision-making in both bull and bear markets. The indicator also displays the absolute value of the Z-score in the label, helping traders easily visualize how far the current market is from historical extremes.
**I did not come up with or create this indicator I have just z scored it and made it easier for myself to use.***
PCTR - Pi Cycle Top Risk [Logue]Pi-cycle Top Risk (PCTR) - The PCTR indicator uses divergence of the Pi-cycle top indicator display the risk that a macro top in Bitcoin (BTC) is near. The Pi-cycle top indicator is simply the cross of the 111-day moving average above a 2x multiple of the 350-day moving average of the BTC price. While there is no fundamental reasoning behind why this works, it has worked to indicate previous bitcoin tops by taking advantage of the cyclicality of the BTC price and measurement overextension of BTC price. This indicator triggers a top signal when the fast moving average (111-day) crosses above the 2x multiple of the slow moving average (350-day).
What's interesting is the indicator can also signal a bottom when the divergence of the fast moving average is at an extreme versus the slow moving average. The indicator signals a bottom when the fast MA is 66% away from the slow MA value.
Both the top and bottom signals are clearly shown on the chart on a scale from 100 to 0.
TradingGroundhog - Strategy & Wavetrend V2#-- Public Strategy - No Repaint - Fractals - Wavetrend --
Here I come with another script, a nice and simple strategy based on fractals and Wavetrends.
#-- Synopsis --
A simple idea, on a small time frame (15 min) we buy when the opening price goes below a Bottom fractals and sell when it goes over a Top fractals, but in order to avoid bad and evil downtrends, we use Wavetrends based on a Daily time frame. From it, Tops and Bottoms are extracted. If the opening price goes above Wavetrend Tops, no trades will be conducted during the day. If the price goes below Wavetrend bottoms, no trades will be executed from 1 to N days, until a new Wavetrend bottom is generated.
I developed the strategy using BTC /EUR 15 MIN BINANCE but it can be applied to many other cryptos, I don't know for forex or others. You can use it for long term and automated trading, I implemented the Wavetrend indicator to do so, or for short term if you have spot a long coming uptrend. Test it, look at its profit and long or short period on your crypto of choice.
#-- Graph reading --
And now, how to read it ?
Wavetrends:
Red Backgrounds are associated to No Trade periods. These periods occur when the price goes below a Wavetrend bottom or above a Wavetrend Top. They are here to limit the loss.
Blue Gradient lines represent the past Tops. For each bar, only the increasing values of the Wavetrend tops are acquired. Going from light to dark blue based on the age of the Tops. Thus, if on line goes from dark to light, this means the price is approaching a previous Wavetrend top. In the opposite, if it darken, thus the price say 'buy buy' and go dropping.
Yellow Gradient lines represent the past Bottoms. They are based on the same principe that the blue lines.
Fractals:
Yellow Flags occur when the opening price goes below a Bottom fractal , it means Buy.
White Flags appear when the opening price goes over a Top fractal , it means Sell.
#-- Parameters --
*** Parameters have been intensively optimized using 10 cryptocurrency markets in order to have potent efficiency for each of them. I would recommend to only change the Can Be touch parameter. For the others, I don't recommend any modifications. The idea behind the script is to be able to switch between markets without having to optimize parameters, less work, easy to target active crypto and therefor limit the risks. ***
Can be touch :
'Combined Smoothness' : The number of open individuals used by the Wavetrend. (6 or 9, often 9 is better but with less volatile crypto it will be 6)
'Filter fractals' : Activate or Disable the filtering fractal operation. If Enable, buy during less risky periods. (Disable is often better)
Can be touch but not necessary :
'VolumeMA' : The Volume corrector used by the fractals
'Extreme window' : The number of price individuals to look for if we want to remove extreme fractals.
Not to touch :
'Limit_candle to look on' : Number of candles to use to compute the Wavetrend Tops and Bottoms.
'Length top bottom drawn' : Size of the lines
'Long Sop Loss (%)' : The minimal difference of price between a Fractal bottom and the opening price to buy.
#-- Time frame --
Should be used with the following time frames depending on the necessity:
1 MIN
3 MIN (Interesting for short term profit, may need some parameter ajustements)
5 MIN
15 MIN (Preferred for long term profit, the script was developed on it)
#-- Last words --
The script can be set up to send Tradingview signals to 3comma just by adding comment = " " in strategy.close_all() and strategy.entry().
Good trades !
Disclaimer (As it should always be one to any script)
***
This script is intended for and only to be used for personal purposes only. No such information provided by it constitutes advice or a recommendation for any investment or trading strategy for any specific person. There is no guarantee presented or implied as to the accuracy of specific forecasts, projections, or predictive statements offered by the script. Users of the script agree that its original developer does not take responsibility for any of your investment decisions. Please seek professional advice before trading.
***
# Here are the results from the 1rst of July 2021 with 100% of equity on the BTC /EUR 15 Min and with a capital of 1 000 EUR.
# As I saw, it goes from +20% to more than +100% depending on the selected crypto. Sometimes it's negative but it's quite rare on crypto using the EUR.
Double Top/Bottom - Ultimate (OS)This is zigzag based double top/bottom indicator. Code is same as : Double-Top-Bottom-Ultimate
But, republishing it to make it available open source.
Double Top:
Recognition - Checks on Zigzag if LH is followed by HH
Confirmation - When low crosses under last lower pivot point on zigzag
Invalidation - When high crosses over HH
Double Bottom:
Recognition - Checks on Zigzag if HL is followed by LL
Confirmation - When high crosses over last higher pivot point on zigzag
Invalidation - When low crosses under LL
Few input options:
Option to display risk per reward which defines how steep is the W-M triangle. This is simply the ratio of price difference between mid point to top most and bottom most points. In case of double top , downside is considered as reward and upside is considered as risk and with double bottom , downside is considered as risk and upside is considered as reward. Lower risk per reward signifies better trade.
Option to display stats which shows number of occurances of double top and bottom and how many times price crossed confirmation point and invalidation point (which are also marked with dashed lines) Stats are color coded. Higher confirmation rates are colored in shades of green, lower confirmation rates are colored in shades of orange whereas the neutral confirmation rates are coloed in light yellow.
RSI Tops and BottomsHello Traders
This script finds Tops when RSI is in overbought area or Bottoms when RSI is in oversold area and checks the divergence between them. it checks divergence at tops/bottoms after RSI exited from OB/OS areas.
You can change overbought / oversold levels.
You can limit the time that RSI is in OB/OS area with the option "Max Number of Bars in OB/OS"
you can set the minimum/maximum distances between Tops/Bottoms with the options "Min Number of Bars between Tops/Bottoms" and "Max Number of Bars between Topss/Bottoms"
and you can set the color and line widths as you wish.
These tops or bottom must be sequential, means there mustn't be another top while checking tops or bottom while checking bottoms between them.
in next example you can see valid and invalid bottoms:
After you got signal then you better use Stop Order, a few pips higher than the high of colored candle for long positions, ( vise versa in short positions ). so you may escape from traps. ("Stop order" is filled when the price reached a pre-specified price. for example the price is now 10.0 and you set Buy Stop Order at 11.0 then if price reaches 11.0 then your buy order get filled. you can put stoploss a few pips lower than the low of colored candle or you can use ATR to decice stoploss level. how you wish)
For example in following screenshot you can see that buy stop order was not filled and you didn't take long position.
Enjoy!
Doji Double Top & Double Bottom
FUNCTION :
This indicator checks if 2 consecutive candlesticks are formed in such a way that both the lows or both the highs of the consecutive candlesticks are almost at the same level and either of them is a doji
TIMEFRAMES :
it works on daily, weekly, monthly and higher timeframes
CRITERIA :
There is maximum difference value between 2 consecutive candlesticks' lows or 2 consecutive candlesticks' highs
Minimum value of the doji's wick size
Maximum value of the doji's body size
These 3 conditions need to be fulfilled for the 2 consecutive candlesticks to be considered as a Double top or Double bottom by this indicator
EXAMPLES :
Here the indicator is giving only double Bottom signals on CRUDE OIL chart
Here the indicator is giving only double top signals on GOLD chart
Here the indicator gives both double top & double bottom signals on EUR/USD Daily chart
Here the indicator is giving both double top & double bottom signals on EUR/USD Half-Yearly chart
DEFINITIONS :
There are 2 types -
DOJI DOUBLE BOTTOM - if the lows of 2 consecutive candlesticks are almost at the same level & either of them is doji then it is called Double Bottom and market is supposed to go higher after forming it.
DOJI DOUBLE TOP - if the highs of 2 consecutive candlesticks are almost at the same level & either of them is doji then it is called Double Top and market is supposed to go lower after forming it.
SETTINGS :
There are options to change the value of each of the 3 parameters within the indicator's settings for daily, weekly & monthly chart [
LIMITATIONS :
You should not trade based on the signals from this indicator solely, you should check other parameters too before making trading decision
Pi Cycle Bitcoin Top and Bottom (Daily)Pi Cycle Bitcoin Top and Bottom (Daily)
This indicator combines the renowned Pi Cycle Top and Pi Cycle Bottom indicators into one comprehensive tool designed to identify Bitcoin's market cycle tops and bottoms with precision.
Pi Cycle Top
The Pi Cycle Top indicator uses the 111-day moving average (111DMA) and a multiple of the 350-day moving average (350DMA x 2). Historically, this indicator has identified Bitcoin’s price cycle peaks with an accuracy of up to 3 days.
📈 When the 111DMA crosses above the 350DMA x 2, it signals a market cycle top.
Pi Cycle Bottom
The Pi Cycle Bottom indicator utilizes the 150-day exponential moving average (150EMA) and a multiple of the 471-day simple moving average (471SMA x 0.745). Over past cycles, this combination has effectively pinpointed Bitcoin’s market bottoms with the same level of accuracy.
📉 When the 150EMA crosses below the 471SMA x 0.745, it signals a market cycle bottom.
Parabola
As an additional feature, the indicator identifies moments when the 150EMA crosses back above the 471SMA x 0.745, suggesting a potential parabolic price movement.
Features
Precision: Both indicators have historically aligned with major market turning points.
Customizable settings: Adjust the short and long moving averages to fit your analysis needs.
Alerts: Real-time alerts can be enabled for identifying market tops and bottoms.
Clear visualization: Optional moving average lines and signal markers make it easy to track market trends.
Full credits to Philip Swift, PositiveCrypto, Tondy, BilzerianCandle.
Double Bottom and Top Hunter### Türkçe Açıklama:
Bu strateji, grafikte ikili dip ve ikili tepe formasyonlarını tespit ederek otomatik alım ve satım işlemleri gerçekleştirir. İkili dip, fiyatın belirli bir dönem içinde iki kez en düşük seviyeye ulaşması ile oluşur ve bu durumda strateji long (alım) işlemi açar. İkili tepe ise fiyatın belirli bir dönem içinde iki kez en yüksek seviyeye ulaşması ile oluşur ve bu durumda strateji short (satış) işlemi açar.
- **Dönem Uzunluğu ve Geriye Dönük Kontrol:** Strateji, varsayılan olarak 100 periyotluk bir zaman dilimini temel alır ve bu süre boyunca en düşük ve en yüksek fiyat seviyelerini belirler. Geriye dönük kontrol süresi de 100 periyot olarak ayarlanmıştır.
- **İşlem Açma Koşulları:** İkili dip tespit edildiğinde long pozisyon, ikili tepe tespit edildiğinde short pozisyon açılır.
- **İşlem Kapatma Koşulları:** İkili dipte, en yüksek seviyeye (HH) ulaşıldıktan sonra fiyatın daha düşük bir seviye (LL) yapması durumunda pozisyon kapanır. İkili tepede ise tam tersi bir durumda, pozisyon kapanır.
- **Zigzag Çizimi:** İkili dip ve tepe formasyonları, grafik üzerinde yeşil (dipler) ve kırmızı (tepeler) zigzag çizgileri ile gösterilir.
Bu strateji, özellikle 1, 3 ve 5 dakikalık kısa zaman dilimlerinde yüksek başarı oranına sahiptir ve piyasadaki kısa vadeli trend dönüşlerini yakalamada etkili bir araçtır.
### English Explanation:
This strategy automatically executes buy and sell orders by detecting double bottom and double top formations on the chart. A double bottom occurs when the price reaches a low level twice within a specific period, prompting the strategy to open a long (buy) position. Conversely, a double top forms when the price reaches a high level twice, leading the strategy to open a short (sell) position.
- **Period Length and Lookback Control:** By default, the strategy is based on a 100-period length, during which it identifies the lowest and highest price levels. The lookback control period is also set to 100 periods.
- **Entry Conditions:** A long position is opened when a double bottom is detected, while a short position is opened when a double top is identified.
- **Exit Conditions:** In the case of a double bottom, the position is closed after the price reaches a higher high (HH) and then makes a lower low (LL). For a double top, the opposite occurs before closing the position.
- **Zigzag Plotting:** The double bottom and top formations are visually represented on the chart with green (bottoms) and red (tops) zigzag lines.
This strategy is particularly successful in short timeframes such as 1, 3, and 5 minutes and is an effective tool for capturing short-term trend reversals in the market.
Golden Ratio Macro Top IndicatorsThis is inspired by Philip Swift's Golden Ratio Multiplier research however it uses the 300 DMA to predict the Macro Cycle Top's Price. It still uses the 350 DMA * 2 and 111 DMA to predict the top's date (the two cross).
111 DMA (Orange) crosses the 350 DMA * 2 (Green) predicts the Macro Cycle Top Date
300 DMA * 3 (Red) predicts the Current Macro Cycle Top Price
300 DMA * 5 (Yellow) predicted the 2018 Macro Cycle Top Price
300 DMA * 8 (Blue) predicted the 2014 Macro Cycle Top Price
Sunil Spinning Top IndicatorThe spinning top is single candlestick pattern can be used as a reversal pattern.
Long Entry ->
If formed near the support go long on the next candle crossing over the high of the spinning top candle.
Stop Loss = Low of the Spinning Top Candle
If formed near the Resistance go short on the next candle crossing under the low of the spinning top candle.
Stop Loss = High of the Spinning Top Candle
Back test and give your feedback.
Pi Cycle Top & Bottom Indicator [InvestorUnknown]The Pi Cycle Top & Bottom Indicator is designed for long-term cycle analysis, particularly useful for detecting significant market tops and bottoms in assets like Bitcoin. By comparing the behavior of two moving averages, one with a shorter period (default 111) and the other with a longer period (default 350), the indicator helps investors identify potential turning points in the market.
Key Features:
Dual Moving Average System:
The indicator uses two moving averages (MA) to create a cyclic oscillator. The shorter moving average (Short Length MA) is more reactive to recent price changes, while the longer moving average (Long Length MA) smooths out long-term trends. Users can select between:
Simple Moving Average (SMA): A straightforward average of closing prices.
Exponential Moving Average (EMA): Places more weight on recent prices, making it more responsive to market changes.
Oscillator Mode Options:
The Pi Cycle Indicator offers two modes of oscillation to better suit different analysis styles:
RAW Mode: This mode calculates the raw ratio of the Short MA to the Long MA, offering a simple comparison of the two averages.
LOG(X) Mode: In this mode, the oscillator takes the natural logarithm of the Short MA to Long MA ratio. This transformation compresses extreme values and highlights relative changes more effectively, making it particularly useful for spotting shifts in long-term trends.
Cyclical Analysis:
The core of the Pi Cycle Indicator is its ability to visualize the relationship between the two moving averages. The ratio of the Short MA to the Long MA is plotted as an oscillator. When the oscillator crosses above or below a baseline (which is 1 for RAW mode and 0 for LOG(X) mode), it signals potential market turning points.
Visual Representation:
The indicator provides a clear visual display of market conditions:
Orange Line: Represents the Pi Cycle Oscillator, which shows the relationship between the short and long moving averages.
Gray Baseline: A reference line that dynamically adjusts based on the oscillator mode. Crosses above or below this line help indicate possible trend reversals.
Shaded Areas: Color-filled areas between the oscillator and the baseline, which are shaded green when the market is bullish (oscillator above baseline) and red when bearish (oscillator below baseline). This provides a visual cue to assist in identifying potential market tops and bottoms.
Use Cases:
The Pi Cycle Top & Bottom Indicator is primarily used in long-term market analysis, such as Bitcoin cycles, to identify significant tops and bottoms. These moments often coincide with large cyclical shifts, making it valuable for those aiming to enter or exit positions at key moments in the market cycle.
By analyzing the interaction between short-term and long-term trends, investors can gain insight into broader market dynamics and make more informed decisions regarding entry and exit points. The ability to switch between moving average types (SMA/EMA) and oscillator modes (RAW/LOG) adds flexibility for adapting to different market environments.
