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Auto Harmonic Pattern - UltimateX [Trendoscope]IMPORTANT NOTE: (Read this before looking at any other thing on this indicator) This indicator is created to supersede existing Auto-Harmonic-Pattern-Ultimate-Trendoscope invite only script. The script deviates a lot from the original Auto Harmonic Patterns Ultimate script in terms of number of available patterns, trading type and few other things. Hence, instead of updating the existing script, we have just decided to release as new script. Few FAQs in this regard are as below What it means for users of AHPU and new users? ▶ Subscription of this script is not sold separately, but will be offered along with existing AHPU script. Meaning, there will be single subscription for both scripts together. ▶ All existing subscribers of AHPU will also get access to this script for the duration of their subscription term. Will start adding access to users starting from lifetime subscribers first. ▶ Any new subscriptions to AHPU will also get access to both the scripts together. We will eventually look to phase out existing AHPU once users are accustomed to new script and any possible bugs are resolved. ▶ Any trial requests will also get access to both scripts. You can request trial even if you have recently requested trial for AHPU. Why did we create new script instead of updating the existing one? ▶ As mentioned before, this script deviates a lot from the original AHPU. Hence, it is released as new version to make sure smoother transition of users. If anyone is not comfortable using the new version, they can continue using the existing AHPU script until things settle down. ▶ Since the script is new implementation, it may also have initial bugs. It will help us resolve it in more streamlined way. What are the main differences between these scripts? ▶ Uses single zigzag instead of multi as algorithm is further improved to detect almost everything using single zigzag. ▶ More number of patterns added. But, new patterns are disabled by default as some of them have very wide PRZ. Users can enable it via settings. ▶ Trading type with trailing entry - With wide PRZs, we also had to implement different method for calculating entry/stop. This is explained later in the script. ▶ Matrix implementation and enhanced stats - Entire implementation is redesigned to use matrix data structure instead of arrays. This allows lots of possibilities including enhanced closed trade stats. ▶ Support/Resistance widget is removed as it is proving to be bit of overhead. Users can make use of Support Resistance widget script which is a free to use script instead. Let's get to the details of indicator now. 🎲 Indicator Components 🎯 Patterns Covered ● Classic Patterns Gartley Bat Butterfly Crab Deep Crab Cypher Shark Nenstar ● Anti/Alternate Patterns Anti Nenstar Anti Shark Anti Cypher Anti Crab Anti Butterfly Anti Bat Anti Gartley Navarro200 ● Non-Standard Patterns (Disabled by default) Five Zero Three Drives White Swan Black Swan Sea Pony Leonardo 121 Snorm Total Below is a quick snapshot of indicator components. Now, lets look at some of the individual components: 🎯 Open trade stats helps recognise trades in motion. Apart from regular stats, it also contain different types of risk reward ratios. Regular RR : RR calculated from entry to reach target with initial stop for risk consideration Trailing RR : This is RR calculated for price to reach from one target to next target considering trailing stop for calculating risk Live RR : This is calculated based on current price as entry and with given targets and stop levels. Live RR will be blank for targets which are already reached. Targets are calculated only when entry is made. Hence, target details are not shown for patterns where it is still awaiting entry. 🎯 Closed trade stats helps understand historical performance of patterns. By default closed stats are displayed in Compact mode. Which means, only total stats are shown. But, users can change this to show detailed stats via settings. Detailed stats take up entire screen most of the time. So, keep them only if it is required. Closed stats present average Risk Reward, Trailing Risk Reward, Average Win Rate, and Average Trailing Win Rate for all the possible levels. As discussed before. Regular RR : RR calculated from entry to reach target with initial stop for risk consideration Trailing RR : This is RR calculated for price to reach from one target to next target considering trailing stop for calculating risk Win Rate : Simple win rate calculation based on number of patterns reached target and number of valid patterns. Trailing Win Rate : This is win rate calculated based on previous target to current target. For example, if there are 48 valid patterns and out of which 24 patterns reach target1 and 12 patterns out of 24 reach target 2 Target1 WR : 50% (24/48) Target1 TWR : Not applicable as there is no target before Target1 Target2 WR : 25% (12/48) Target2 TWR : 50% (12/24) 🎲 Settings Tooltips are provided to help with each and every settings. And they are as below. 🎲 Fully Customisable Alerts - Placeholders Alerts are created via alert() method of pine. Hence, users will not see message box for alert template on alert widget. Instead alerts widget look something like this: To overcome this issue, script provides alert template placeholders as part of settings. In settings, you can already see Alert section where you can enable/disable alerts for different events. ▶ New Pattern Detection ▶ Entry Reached ▶ Target1-4 Reached ▶ Stop price reached ▶ Trade Complete - either by stop or reaching target 4 You can use following placeholders in the given text boxes to create your own alert template. 🎯 Common placeholders which are applicable for all alerts {type} - Alert Type - New Harmonic Pattern - Harmonic Pattern Status Update - Harmonic Pattern Trade Closure {id} - Pattern Id. This is not fully unique id. But, this will be unique for all open trades. Once trade is closed, Ids are reused whenever feasible. {ticker} - Ticker information {timeframe} - Timeframe information {price} - Current close price {patterns} - Possible patterns for the projections or PRZ. {direction} - Trade direction - Bullish or bearish {entry} - Calculated entry for pattern {stop} - Calculated stop for pattern {tstop} - Trailing stop for the pattern in trade {target1} - Target1 for pattern in trade {target2} - Target2 for pattern in trade {target3} - Target3 for pattern in trade {target4} - Target4 for pattern in trade 🎯 There are few specific placeholders, which are applicable for some alert types. Harmonic Pattern Status Update {status} - Status of the Pattern in trade {laststatus} - Previous status of the Pattern in trade Harmonic Pattern Trade Closure {result} - Trade result upon closure
Pine Script® göstergesi
Trendoscope tarafından
183
Auto Harmonic Projection - Ultimate [Trendoscope]Hello traders, Many who used Auto Harmonic Pattern - Ultimate had enquired with me about having option to project PRZ before patterns formed. We always replied that it is in pipeline but will not be part of existing script. Finally, we decided to utilise part of our Christmas and new year break to make it happen. Lets get started.. ⬜ Process ▶ Unlike Auto Harmonic Patterns Ultimate, instead of scanning whole XABCD for harmonic pattern, this script only collects XABC and projects PRZs (Possible D zones) ▶ Once possible patterns are found, lines are drawn to connect XABC and boxes to project PRZs. There can be more than 1 PRZs for XABC combination. If PRZs of multiple patterns overlap, they are joined and shown as single PRZ where all patterns are listed against it. ▶ If price crosses C, pattern is considered as failed. If price stays between C and PRZs for long time, patterns are timed out. In either case, patterns and projections are removed from chart. ▶ Pattern is considered to be active once price reach B. Until then Pattern is inactive. ▶ PRZs are tracked individually even if they belong to same pattern. PRZ is considered active only if price hits PRZ and completes the pattern. Till then PRZ is considered inactive. ▶ After activating, PRZs can either reach successful level if price moves in reversal direction. Or it can reach failure if price reaches stop. ▶ PRZs are removed from chart once it either reaches stop or success level. But, if more PRZs are present for pattern, pattern will still be there on chart. ▶ Pattern is kept active till all the PRZs are either hit stop or success or pattern itself is either failed or timed out. Note: Whenever we refer pattern - consider it as lines joining X, A, B, C and D if PRZ is active. Wherever we refer PRZ - consider it as box representing potential reversal zones. ⬜ Screen components ▶ Inactive Patterns and PRZ - Patterns with inactive PRZs are represented as lines joining XABC. There will not be line connecting D and PRZs are shown with faded colour and smaller fonts. ▶ Active Patterns and PRZ - Patterns with active PRZ are represented with full pattern and line fills. PRZ will also show stop and success level. Note that success level is not target level - but a position used for validating the outcome. ▶ Stats table - Open stats table contains patterns and corresponding PRZ levels. Stats will have red background for bearish patterns/projections and green background for bullish patterns/projections. Content text colour is matched with that of PRZ and Pattern line colors so that users can identify the matching stats easily. ▶ Run timer - Tells how long the script backtest is running. Run timer will have red background for TRIAL access or if right access key is not used. Otherwise, it will have green background colour. This does not have much significance now as there are no closed stats available. It will be added in the future versions. ▶ Watermark - Watermark appears only if valid key is not used or TRIAL access key is used. Bit more details about open stats table here ⬜ Settings ⚪ Alert Key Alert key is given for active subscribers. This key is required in order to set alerts or in order to run the script for more than 30 bars on single instrument without interruption. Not having alert key will not stop users from using the indicator once they acquire access - but it will only limit few capabilities. Key is not given for trial access. Key is prompted every time users add indicator to chart. If you are provided with key, please use it instead of the TRIAL access key. If you are using valid key, You will see run timer in green instead of red background No TRIAL ACCESS watermark on the chart. ⚪ Zigzag and pattern detection settings ⚪ Pattern Selection settings ⚪ Stats and Display ⚪ Colors and themes ⚪ Backtest Settings Not important for now as there are no closed pattern stats. Kept for future usage. Will impact the timer widget. ⚪ Alerts ▶ Types and settings ▶Setting alerts is simple. When indicator is loaded on chart (Make sure you are using the right alert key), goto alerts and select the AHProjection from Condition dropdown. Update other parameters such as alert name, webhook details as required and press create ▶ Examples of alerts ⬜ Status Tracking Script tracks two types of statuses. ⚪ Harmonic Pattern Projection Status : Tracks projection as a whole for each combination of X, A, B, C. Different states available are Awaiting Activation : Any pattern projection when formed by default goes into Inactive State and hence set to Awaiting Activation. Projection Active : Once price reach B, then pattern projection is considered active Entry Reached : Once price reach the nearest PRZ level, it is considered as Entry reached. Status will remain as entry reached even if PRZ is removed and next PRZ level is yet to be reached. Projection Invalidated : If price goes beyond C level, then pattern projection is considered invalidated. It can happen at any stage and even after successful completion of few PRZ ranges. Projection Timed Out : If price keeps between PRZ and C for considerable time, it will timed out and removed from chart. ⚪ Harmonic Pattern Projection PRZ Status Tracks individual PRZs separately which may or may not belong to same patterns. Different states available are Awaiting Activation : Any PRZ is considered inactive before price reaching the PRZ level. Active : Once price reaches PRZ, it will become active. Active PRZs are highlighted with line fill on chart. Active PRZ also display success and stop levels. PRZ is not removed unless price hits one of these levels or the entire pattern is timed out. Successful : If an active PRZ price reaches success level, then PRZ projection is considered successful. Once successful, PRZ will removed from chart Failed : If an active PRZ price reaches stop level, then PRZ projection is considered failure. Once failed PRZ will be removed from chart.
Pine Script® göstergesi
Trendoscope tarafından
137
Multi-ZigZag Multi-Oscillator Trend DetectorThis table is intended to give you snapshot of how price and oscillators are moving along with zigzag pivots. This is done in the same lines of Zigzag-Trend-Divergence-Detector But, here are the differences Table shows multiple oscillator movements at a same time instead of one selected oscillator Divergence is not calculated and also supertrend based trend. Trend can be calculated based on zigzag movements. However, lets keep this for future enhancements. This system also uses multiple zigzags instead of just one. ⬜ Process ▶ Derive multiple zigzags - Code is taken from Multi-ZigZag ▶ Along with zigzags - also calculate different oscillators and attach it to zigzag pivot. ▶ Calculate directions of zigzag pivots and corresponding oscillators. ▶ Plot everything in the table on last bar. ⬜ Table components Table contains following data: Directional legends are: ⇈ - Higher High (Green) ⇊ - Lower Low (Red) ⭡- Lower High (Orange) ⭣ - Higher Low (Lime) ⬜ Input Parameters ▶ Source : Default is close. If Unchecked - uses high/low data for calculating pivots. Can also use external input such as OBV ▶ Stats : Gives option to select the depth of output (History) and also lets you chose text size and table position. ▶ Oscillators : Oscillator length is derived by multiplying multiplier to zigzag length. For example, for zigzag 5, with 4 as multiplier, all oscillators are calculated with length 20. But, same for zigzag 8 will be 32 and so on. ▶ Available oscillators : CCI - Commodity Channel Index CMO - Chande Momentum Oscillator COG - Center Of Gravity MFI - Money Flow Index (Shows only if volume is present) MOM - Momentum oscillator ROC - Rate Of Change RSI - Relative Strength Index TSI - Total Strength Index WPR - William Percent R BB - Bollinger Percent B KC - Keltner Channel Percent K DC - Donchian Channel Percent D ADC - Adoptive Donchian Channel Percent D ( Adoptive-Donchian-Channel ) ⬜ Challenges There are 12 oscillators and each zigzag has different length. Which means, there are 48 combinations of the ocillators. First challenge was generating these values without creating lots of static initialization. Also, note, if the functions are not called on each bar, then they will not yield correct result. This is achieved through initializer function which runs on every bar and stores the oscillator values in an array which emulates multi dimensional array oscillator X zigzag length. Next challenge was getting these values within function when we need it. While doing so I realized that values stored in array also have historical series and calling array.get will actully get you the entire series and not just the value. This is an important takeaway for me and this can be used for further complex implementations. Thanks to @LonesomeTheBlue and @LucF for some timely suggestions and interesting technical discussions :)
Pine Script® göstergesi
Trendoscope tarafından
15
Zigzag Trend/Divergence DetectorPullbacks are always hardest part of the trade and when it happen, we struggle to make decision on whether to continue the trade and wait for recovery or cut losses. Similarly, when an instrument is trending well, it is often difficult decision to make if we want to take some profit off the table. This indicator is aimed to make these decisions easier by providing a combined opinion of sentiment based on trend and possible divergence. ⬜ Process ▶ Use any indicator to find trend bias. Here we are using simple supertrend ▶ Use any oscillator. I have added few inbuilt oscillators as option. Default used is RSI. ▶ Find divergence by using zigzag to detect pivot high/low of price and observing indicator movement difference between subsequent pivots in the same direction. ▶ Combine divregence type, divergence bias and trend bias to derive overall sentiment. Complete details of all the possible combinations are present here along with table legend ⬜Chart Legend C - Continuation D - Divergence H - Hidden Divergence I - Indeterminate ⬜ Settings ▶ Zigzag parameters : These let you chose zigzag properties. If you check "Use confirmed pivots", then unconfirmed pivot will be ignored in the table and in the chart ▶ Oscillator parameters : Lets you select different oscillators and settings. Available oscillators involve CCI - Commodity Channel Index CMO - Chande Momentum Oscillator COG - Center Of Gravity DMI - Directional Movement Index (Only ADX is used here) MACD - Moving average convergence divergence (Can chose either histogram or MACD line) MFI - Money Flow Index MOM - Momentum oscillator ROC - Rate Of Change RSI - Relative Strength Index TSI - Total Strength Index WPR - William Percent R BB - Bollinger Percent B KC - Keltner Channel Percent K DC - Donchian Channel Percent D ADC - Adoptive Donchian Channel Percent D ( Adoptive-Donchian-Channel ) ▶ Trend bias : Supertrend is used for trend bias. Coloring option color candles in the direction of supertrend. More option for trend bias can be added in future. ▶ Stats : Enables you to display history in tabular format. Overview of settings present here: ⬜ Notes Trend detection is done only with respect to previous pivot in the same direction. Hence, if chart has too many zigzags in short period, try increasing the zigzag length or chart timeframe. Similarly, if there is a steep trend, use lower timeframe charts to dig further. Oscillators does not always make pivots at same bar as price. Due to this some the divergence calculation may not be correct. Hence visual inspection is always recommended. ⬜ Possible future enhancements More options for trend bias Enhance divergence calculation. Possible options include using oscillator based zigzag as primary or using close prices based zigzag instead of high/low. Multi level zigzag option - Can be messy to include more than one zigzag. Option can be added to chose either Level1 or Level2 zigzags. Alerts - Alerts can only be added for confirmed pivots - otherwise it will generate too many unwanted alerts. Will think about it :) If I get time, I will try to make a video.
Pine Script® göstergesi
Trendoscope tarafından
150
Breakout Trend Trading Strategy - V2This is an alternate version of Breakout Trend Trading Strategy - V1 Only difference is, this strategy places stop orders based on calculated targets whereas V1 waits for price to close target levels and then places market orders. Hence, you will receive the target prices before trade executes in strategy. Parameters are same as that of Breakout Trend Trading Strategy - V1 There is one additional parameter on Trade Type - which permits user to allow only breakout, pullback or reverse trading or combination of all. Backtesting parameters remain same : Capital and position sizing : Capital and position sizing parameters are set to test investing 2000 wholly on certain stock without compounding. Initial Capital : 2000 Order Size : 100% of equity Pyramiding : 1 Test cases remain same : Positive : AAPL , AMZN , TSLA , RUN, VRT , ASX:APT Negative Test Cases: WPL , WHC , NHC , WOW, COL, NAB (All ASX stocks) Special test case: WDI Negative test cases still show losses in back-testing. I have attempted including many conditions to eliminate or reduce the loss. But, further efforts has resulted in reduction in profits in positive cases as well. Still experimenting. Will update whenever I find improvements. Comments and suggestions welcome :)
Pine Script® stratejisi
Trendoscope tarafından
2
Trend Confirmation Dow TheoryTrend Confirmation as per Dow Theory Summary of Logic: ✅ Bullish Trend: Setup Bar: High > Previous High AND Low ≥ Previous Low Confirmation Bar: High > Highest High of last 3 candles, Low ≥ Setup Bar Low Trend Continues Until: Latest candle breaks 2nd last candle’s low → then trend becomes Bearish 🔻 Bearish Trend: Setup Bar: Low < Previous Low AND High ≤ Previous High Confirmation Bar: Low < Lowest Low of last 3 candles, High ≤ Setup Bar High Trend Continues Until: Latest candle breaks 2nd last candle’s high → then trend becomes Bullish
Pine Script® göstergesi
Shailesh70657 tarafından
Trendline deluxeTrendline deluxe As someone said: "The best trend indicator is when you print the chart, put it on the wall and take a few steps back. If you now can identify the trend you're done!" This is an attempt of doing the same thing... I find it handy to switch the color of the trendline depending on the where the Trend is going. Especially when zooming in on the chart, the color tells you what the overall Trend is. Trendline deluxe comes with an extra twist in that it can be colored according to your Stock index of choice, but still be plotted according to the Stock at hand.
Pine Script® göstergesi
kruskakli tarafından
Trend Regime Bias v1.0Trend Regime Bias is a visual trading overlay that helps you instantly identify the current market environment so you can apply the right strategy at the right time. It highlights four distinct phases of market behavior using subtle background color cues and a floating strategy label: 🟢 Weak Trend (Reversal Mode): Favor reversal setups like traps, divergences, and fades. 💚 Growing Strength (Watch Mode): Trend may be forming — stay patient and alert. 🔵 Strong Trend (Trend Mode): Use trend-following strategies like pullbacks or breakouts. 🔷 Weakening Trend (Exhaustion Mode): Trend is losing strength — tighten stops or consider fading extremes. This tool is ideal for day traders and swing traders who switch between mean reversion and trend continuation setups. By visually identifying the strength and phase of the trend, you avoid trading against the current regime and reduce emotional or impulsive decisions. Use it as a bias filter, entry confirmation, or a "do-not-trade" warning system depending on your trading style. No inputs or settings require adjustment unless you prefer to customize the zone thresholds, background colors, or ADX timeframe.
Pine Script® göstergesi
jarhed7237 tarafından
Trend Sentiment [racer8]Trend Sentiment is a trend indicator with enhanced graphics, that is, it has many different shades of blue and red. The brighter the blue, the more bullish. The brighter the red, the more bearish. It is a simple indicator with a basic formula: a = close > prev.close? ---> If yes, a = 1, otherwise a = 0. b = sma of a over n periods -----1st parameter, n...."Length" c = sma of b over j periods ----- 2nd parmeter, j..."Smoothing" plot (c) Is c > 0.5? ---> If yes, background color = blue, otherwise red. plot background color. plot 0.5 as dotted midline. The Trend Sentiment value represents the percentage of bullish force in the market. Signals are generated when it crosses the 50% mark. Values above 0.50 are bullish and values below 0.50 are bearish. Enjoy and hit the like button :)
Pine Script® göstergesi
racer8 tarafından
2
TrendMaster, v. 5.1TrendMaster (ver 5.0, a.k.a. "Mr. T") is a trend-anticipating system which shows eye-popping results. Rather than a simple "trend-rider" which continually lags, TrendMaster uses pattern recognition to anticipate trend changes. It hunts for turns in market cycles using a proprietary decision matrix of 27 "trade triggers" (variants of classic technical indicators). In backtesting the annualized return (July 2017-July2018) of the top 100 largest capitalized equities, not only did its results beat the indexes, but it outstripped a buy-and-hold strategy by a whopping 700%: i.e., while the 100 largest equities had an average annual yield of 17%, the strategy produced a 129% return across the entire range of stocks.* Even more staggering results can be seen when using the system in strongly-trending markets like cryptos. (See, for instance, the particularly stunning results for Bitcoin Cash in the screen shot at the end). [ ] The following charts give you some sample tests of best performing (top chart) and worst performing (bottom chart) equities, ETFs, and cryptos (July 2017-July2018 time range). TrendMaster / "Mr T" 5.1, Example Annualized returns >>> Higher Performing Instruments (best performing interval between 15min - 1 day) <<< Symbol Description Interval % Return Trades % Profitable Profit Factor Max Drawdown Sharpe Ratio Buy & Hold DUST 3x Short Gold miners 30 min 3050% 421 43% 1.5 ( -17% ) 1.8 ( - 27 % ) NUGT 3x Long Gold miners 15 min 3300% 423 44 1.2 ( -11% ) 1.2 ( - 10 % ) APPL Apple, Inc 1 hour 118% 354 46 2.2 ( -6% ) 1.3 32% GOOG Alphabet, Inc 30 min 128% 660 44 1.9 ( -5% ) 1 27% BABA Alibaba Group 30 min 389% 642 46 2.3 ( -3% ) 1.6 37% BTC/USDT Bitcoin 1 hour 1000000% 1573 53 3.1 ( -8% ) 1 57% ETH/USDT Ethereum 1 hour 13000000% 1533 55 3.2 ( -12% ) 1.2 56% LTC/ USDT Litecoin 30 min 5000000% 1946 54 2.8 ( -12% ) 1.2 ( - 71% ) >>> Lower Performing Instruments and/or Lower Performing Market Settings (worst performing interval between 15 min - 1 day) <<< Symbol Description Interval % Return Trades % Profitable Profit Factor Max Drawdown Sharpe Ratio Buy & Hold PSQ Short Nasdaq ETF 5 min ( - 14% ) 1894 28% ( - 0.9 % ) ( -20% ) ( -0.3 ) ( - 20 % ) SH Short S&P ETF 1 day 20% 35 51% 2.8 ( -7% ) 0.5 ( - 12 % ) MSFT Microsoft 1 hour 37% 249 37% 1.4 ( -4% ) 0.5 45% AZN Astrazeneca, PLC 1 day 22% 32 50% 1.9 ( -6% ) 0.3 ( - 4 % ) MUFG Mitsubishi UFJ 1 day 296% 1255 39% ( - 0.6 ) ( -27% ) ( - 0.3 ) ( - 16 % ) BTC/USDT Bitcoin 1 min ( - 33 % ) 1349 25% ( - 0.5 ) ( - 33% ) ( - 1.1 ) 5% ETH/USDT Ethereum 1 min ( - 40 % ) 1595 24% ( - 0.6 ) ( -40% ) ( - 1.1 ) 6% LTC/USDT Litecoin 1 day 123 14 57% 4.8 ( - 5% ) 1.1 ( - 48% ) Note, of course, that any trend-anticipating bot has limitations. The Lower Performing results above show that because the system seeks gains in trends, it can underperform in choppy, aimless markets. Similarly, very short time frames (i.e. 1 - 5 minutes) can provide too many gaps and too few runs for it to reliably track. Backtesting is therefore essential to make sure this system is suitable for your (a) market, (b) time frame, and (c) trading mindset. On the other hand, a broad range of data show that almost any trending market, in almost any time frame, can be very productive. Contact us if you would like to experience this bot.
Pine Script® stratejisi
vogoninvictus tarafından
3
Trend CandlesTrend Candles is a simple indicator based on the trend following strategy that shows you exactly when to buy, sell and close trades on every chart, market and timeframe. It's always in a trade, either long or short as indicated by the color of the candles, when the candles are green that means go long, when they switch to red that means go short until the next green candle appears. It's best used on markets that tend to trend a lot like currencies, futures and cryptos, however it also works well on stocks and ETFs (long-only). How Is It Different From Other Indicators? - Designed specifically for the trend following strategy - Color coded candles for visually appealing chart guidance - Signals are based on current and past volatility - They aren't as sensitive to false signals after periods of contracted volatility - Helps to keep you in the trend without being "shaken out" - Can be applied to all markets and timeframes How To Use The Indicator? 1) Visit our website URL shown below this description and subscribe 2) We will then grant your TradingView username permission to use our indicators 3) Go to your Indicators window, then the Invite-Only section and add our indicators to your chart 4) Our indicators will then show on every chart you now look at 5) You can set up alerts to be notified in real time of trading signals from our indicators 6) Read our user manual for all the best tips on how to use our indicators 7) Feel free to reach out to us for personal one-on-one help with getting setup What Markets and Conditions Does It Work Best On? All markets cycle between trending and ranging modes, and the key to successfully using these indicators is identifying when the market is in or likely to go into a trending mode, and as such it can be applied to all markets and timeframes. After a market has contracted for a period of time in a tight range, the 1st entry signal after the period of consolidation can become the start of a powerful trend. On the flip side taking every signal when a market is ranging will result in churn. Our indicators are primarily designed for day trading and swing trading, however they can also be used for position trading and investing by keeping you invested in the trend which can be very difficult to do without a good indicator due to all of us being vulnerable to getting "shaken out" of a trend. This indicator will always respond to changes in price and will never keep you in a trend going against you, and like all good trend following it adheres to the principles of cutting your losses and letting your winners run so long as the trend is intact. It's the top 1-5% of your trades that account for 80-90% of your profits, as fat tail moves happen more often in markets than a normal distribution would suggest and that's why trend following albeit difficult to practice, will always work. With stocks and ETFs, we recommend sticking to long only as shorting stocks is very difficult no matter the strategy or indicator used. If you're an investor you can use Trend Candles on the daily or weekly charts to help keep you in good stocks and industries and avoid holding onto perpetual losers. As always indicators should be used as part of a trading strategy to assist in making decisions, instead of just blindly following every signal they produce you should always seek to compliment technical trading signals with additional analysis to reduce your risk and increase your odds of making a winning trade. Examples Of Trend Candles On Various Markets and Timeframes FOREX - EURJPY (5 Minute Chart) CRYPTOCURRENCY - ETHUSD (30 Minute Chart) STOCKS - TSLA (Daily Chart) COMMODITIES - GOLD (Daily Chart)  To gain access to Trend Candles today visit our website shown below. Happy Trend Following :)
Pine Script® göstergesi
Click-Capital tarafından
9
Trend Flow Oscillator (CMF + MFI) + ADX## Trend Flow Oscillator (TFO + ADX) Indicator Description The Trend Flow Oscillator (TFO+ADX) combines two volume-based indicators, Money Flow Index (MFI) and Chaikin Money Flow (CMF), along with the Average Directional Index (ADX) into one comprehensive oscillator. This indicator provides traders with insights into momentum, volume flow, and trend strength, clearly indicating bullish or bearish market conditions. ### How the Indicator Works: 1. **Money Flow Index (MFI)**: * Measures buying and selling pressure based on price and volume. * Scaled from -1 to +1 (where positive values indicate buying pressure, negative values indicate selling pressure). 2. **Chaikin Money Flow (CMF)**: * Evaluates money flow volume over a set period, reflecting institutional buying or selling. * Also scaled from -1 to +1 (positive values suggest bullish accumulation, negative values bearish distribution). 3. **Average Directional Index (ADX)**: * Measures trend strength, indicating whether a market is trending or ranging. * Scaled from -1 to +1, with values above 0 suggesting strong trends, and values near or below 0 indicating weak trends or sideways markets. * Specifically, an ADX value of 0 means neutral trend strength; positive values indicate a strong trend. ### Indicator Levels and Interpretation: * **Zero Line (0)**: Indicates neutral conditions. When the oscillator crosses above zero, it signals increasing bullish momentum; crossing below zero indicates bearish momentum. * **Extreme Zones (+/- 0.75)**: * Oscillator values above +0.75 are considered overbought or highly bullish. * Oscillator values below -0.75 are considered oversold or highly bearish. * The indicator features subtle background shading to visually highlight these extreme momentum areas for quick identification. * Shading when values above or below the +/-1.0 level. * **Color Coding**: * Bright blue indicates strengthening bullish momentum. * Dark blue signals weakening bullish momentum. * Bright red indicates strengthening bearish momentum. * Dark maroon signals weakening bearish momentum.
Pine Script® göstergesi
VP_Futures tarafından
Trend Following IndicatorTrend Following Indicator is for following trend and being in trend till trend is not changed. Each Bullish and Bearish signal you can add one more future or option lot and be in trade till bearish signal is not coming. You can close Long trade i.e. Bullish pyramiding trade when you see there is small red arrows are there and similarly when you are in Short trade you can pyramid with each Bearish signal and you can close the trade when small green arrow start coming. Pros: This signal system is working in stocks and Index and Commodity and Currency. Cons: Choppy market results are not good on that time you have to believe on small arrows for signals. This signal is available on subscription. contact me or ping me for more details.
Pine Script® stratejisi
bullsbearsfight tarafından
2