CryptoMitchX Memecoin ShorterUpdate for "CryptoMitchX Memecoin Shorter" Indicator
New Features & Improvements:
Conditional Hiding of Recommendations:
SHORT Recommendations: These are now hidden when the RSI (Relative Strength Index) falls below 30, preventing signals during potentially oversold conditions.
Take Profit Recommendations: Hidden when the RSI goes above 60, avoiding signals in potentially overbought market conditions.
Refined Alert System:
Alerts for both SHORT and Take Profit signals now only trigger when the RSI conditions are met, ensuring more targeted notifications.
Code Optimization:
The script has been updated to address scope-related errors, improving its reliability and performance on the TradingView platform.
Technical Details:
RSI Implementation: The RSI is calculated with a 14-period length to determine market momentum.
Conditional Plotting: Instead of using direct conditional statements inside plotting functions, we now use boolean variables to control which signals are plotted, avoiding local scope issues.
Signal Tracking: Continues to track consecutive signals, but now with the added condition of RSI thresholds for more nuanced trading signals.
Usage:
Users will see a cleaner chart with signals only appearing when they are most relevant according to RSI levels, reducing false signals and improving the overall trading strategy experience.
I nstallation:
Simply update or replace the existing indicator script with this new version in your TradingView Pine Script editor.
Known Issues & Limitations:
This update does not include real sentiment analysis due to the limitations of Pine Script in accessing external data. The sentiment is simulated based on price volatility and direction.
Feedback:
We're eager to hear your feedback on these changes. If you encounter any issues or have suggestions for further improvements, please let us know.
Sentiment
Helicopter Volatility Detector v4This Indicator designed to measure market volatility specifically during reversal phases, while ignoring periods of strong trending movements. It helps traders identify when the market is experiencing frequent and significant price reversals, which are often accompanied by increased volatility.
This indicator is suitable for those who want to understand when there is high volatility in the market, such as when Jerome Powell speaks or economic data is released. It can help identify periods when large leveraged positions are likely to be liquidated.
US10Y 63-Day Range Percentage [TomasOnMarkets]Shows the relation of US Government Bonds 10 YR Yield to risk assets like S&P500.
When yields move to the 80th percentile of their rolling 1 quarter (63 day) range, the S&P500 struggles.
The indicator chart's background is painted with red when yields move over 80th percentile. Notice how the risk assets (eg S&P500) goes down in that range.
The indicator works pretty good for the S&P500.
Not as good for bitcoin, but maybe still useful
Credits:
Tomas (@TomasOnMarkets) - x.com/TomasOnMarkets/status/1881770106356641885
Warren Pies (@WarrenPies) - x.com/WarrenPies/status/1881480249139187974
Candle Emotion Index (CEI) StrategyThe Candle Emotion Index (CEI) Strategy is an innovative sentiment-based trading approach designed to help traders identify and capitalize on market psychology. By analyzing candlestick patterns and combining them into a unified metric, the CEI Strategy provides clear entry and exit signals while dynamically managing risk. This strategy is ideal for traders looking to leverage market sentiment to identify high-probability trading opportunities.
How It Works
The CEI Strategy is built around three core oscillators that reflect key emotional states in the market:
Indecision Oscillator . Measures market uncertainty using patterns like Doji and Spinning Tops. High values indicate hesitation, signaling potential turning points.
Fear Oscillator . Tracks bearish sentiment through patterns like Shooting Star, Hanging Man, and Bearish Engulfing. Helps identify moments of intense selling pressure.
Greed Oscillator . Detects bullish sentiment using patterns like Marubozu, Hammer, Bullish Engulfing, and Three White Soldiers. Highlights periods of strong buying interest.
These oscillators are averaged into the Candle Emotion Index (CEI):
CEI = (Indecision + Fear + Greed) / 3
This single value quantifies overall market sentiment and drives the strategy’s trading decisions.
Key Features
Sentiment-Based Trading Signals . Long Entry: Triggered when the CEI crosses above a lower threshold (e.g., 0.1), indicating increasing bullish sentiment. Short Entry: Triggered when the CEI crosses above a higher threshold (e.g., 0.2), signaling rising bearish sentiment.
Volume Confirmation . Trades are validated only if volume exceeds a user-defined multiplier of the average volume over the lookback period. This ensures entries are backed by significant market activity.
Break-Even Recovery Mechanism . If a trade moves into a loss, the strategy attempts to recover to break-even instead of immediately exiting at a loss. This feature provides flexibility, allowing the market to recover while maintaining disciplined risk management.
Dynamic Risk Management . Maximum Holding Period: Trades are closed after a user-defined number of candles to avoid overexposure to prolonged uncertainty. Profit-Taking Conditions: Positions are exited when favorable price moves are confirmed by increased volume, locking in gains. Loss Threshold: Trades are exited early if the price moves unfavorably beyond a set percentage of the entry price, limiting potential losses.
Cooldown Period . After a trade is closed, a cooldown period prevents immediate re-entry, reducing overtrading and improving signal quality.
Why Use This Strategy?
The CEI Strategy combines advanced sentiment analysis with robust trade management, making it a powerful tool for traders seeking to understand market psychology and identify high-probability setups. Its unique features, such as the break-even recovery mechanism and volume confirmation, add an extra layer of discipline and reliability to trading decisions.
Best Practices
Combine with Other Indicators . Use trend-following tools (e.g., moving averages, ADX) and momentum oscillators (e.g., RSI, MACD) to confirm signals.
Align with Key Levels . Incorporate support and resistance levels for refined entries and exits.
Multi-Market Compatibility . Apply this strategy to forex, crypto, stocks, or any asset class with strong volume and price action.
Grid Trading with RSI and Fibonacci SLThis script implements a grid trading strategy that buys when the "AI" confidence is high and the RSI is oversold, and sells when the "AI" confidence is high and the RSI is overbought.
It uses a Fibonacci-based stop-loss and adjusts the grid levels and trade size after each trade.
The "AI" is a very simple rule-based system, not actual artificial intelligence. The script also plots the RSI, AI confidence, grid price, and stop-loss level on the chart.
It's important to thoroughly backtest and understand the risks associated with grid trading strategies before using them with real capital.
CandelaCharts - ICT Daily Profiles Go (DPG)📝 Overview
The ICT Daily Profiles by CandelaCharts, inspired by ICT teachings, offer a pattern-driven approach to trading by identifying and analyzing the key highs and lows of intraday sessions.
This toolkit automatically highlights these ICT Daily Profiles on your charts, allowing traders to efficiently identify critical zones for analysis and informed decision-making.
Whether you're an experienced trader or just starting out, ICT Daily Profiles deliver actionable frameworks to deepen your understanding of price behavior and enhance your intraday trading performance.
📦 Features
The ICT Daily Profiles toolkit provides a robust suite of features tailored to improve trading accuracy and support informed decision-making. Its key highlights include:
Daily Profiles
Advanced Styling
Scanner
The indicator supports the following profiles:
Session I High Session II Low Bearish
Session I High Session III Low Bearish
Session II High Session III Low Bearish
Session III High Session IV Low Bearish
Session I Low Session II High Bullish
Session I Low Session III High Bullish
Session II Low Session III High Bullish
Session III Low Session IV High Bullish
⚙️ Settings
Sessions: Controls how many sessions you want to see.
History: Controls how many profiles are displayed on the chart.
Timeframe Limit: Sets the timeframe up to which profiles will be drawn.
Show OHLC Lines: Display the lines for OHLC.
Show Profile Line: Display the Daily Profile line.
Use NY Midnight Open: Controls from where a profile will start detection.
Open: Style for Open line.
High: Style for High line.
Low: Style for Low line.
Midline: Style for Profile Midline.
Label: Controls the position of the Daily Profile name.
Scanner: Display the Scanner
⚡️ Showcase
ICT (Inner Circle Trader) daily profile templates are analytical models that classify and outline common price action patterns observed throughout a trading day.
ICT Daily Profiles
Scanner
📒 Usage
The ICT Daily Profiles indicator aims to give traders a clear and actionable view of the Daily Previous, Current, and Future Profiles. This enables them to analyze market structure, predict price movements, and align their trading strategies with higher time-frame trends.
Load the indicator on the chart
Enable Scanner
See the Predicted Profiles list
Predicted Profiles represent all potential scenarios for the current day, generated by a profile detection algorithm.
By visualizing potential outcomes through Predicted Profiles, the ICT Daily Profiles indicator provides traders with a strategic edge, allowing them to remain flexible, prepared, and aligned with the most probable market movements.
🚨 Alerts
The indicator does not provide any alerts!
🔹 Notes
ICT Daily Profiles
pbs.twimg.com
⚠️ Disclaimer
Trading involves significant risk, and many participants may incur losses. The content on this site is not intended as financial advice and should not be interpreted as such. Decisions to buy, sell, hold, or trade securities, commodities, or other financial instruments carry inherent risks and are best made with guidance from qualified financial professionals. Past performance is not indicative of future results.
Equal Highs and Lows - TehDisplays equal highs and lows on the chart. After taking out the high or low the line wil disappear for a updated and clean chart.
SPK Sentiment IndicatorThis indicator analyzes various technical indicators, standardizes their values to a range between -1 and 1, applies weights, and calculates an average value, which is displayed on the diagram.
The diagram turns green when the sentiment is oversold and red when it is overbought.
The entry criteria are also simple. A long position should be taken when green changes to gray, and a short position when red changes to gray—on closed candles, of course.
VIX DualVIX Dual nasceu em 27.01.2025 com intuito de mesclar ferramentas e diferentes indicadores em uma única linha, que o trader possa identificar reversões através da divergência e também o início de movimentos promissores através do cruzamento do VIX.
Memecoin Shorter Indicator by CryptoMitchXMemecoin Shorter Indicator by CryptoMitchX
Introducing the "Memecoin Shorter Indicator" designed for traders looking to capitalize on the volatile nature of memecoins. This is built on the concept that MemeCoins can't sustain their rallies and that profits move into safer cryptocurrencies like Bitcoin or Stablecoins.
This indicator combines momentum, volume, and sentiment analysis to signal shorting opportunities with a cap at two consecutive signals to manage risk effectively.
Key Features:
Momentum Analysis: Uses Simple Moving Averages (SMA) to detect when the short-term trend crosses below the long-term trend, indicating potential downward momentum.
Volume Spike Detection: Identifies significant volume increases that could signify a reversal or continuation of a downtrend.
Simulated Sentiment Analysis: Monitors price volatility to simulate sentiment, suggesting "Take Profit" when conditions hint at negative market sentiment.
How to Use:
SHORT: The indicator marks "SHORT" on the chart when conditions are met to initiate a short position. This happens when negative momentum, volume spikes, or simulated negative sentiment are combined.
Take Profit: Signals to take profit after initiating a short position, again limited to two consecutive signals.
Strategies and Tips for Optimization:
Backtesting and Forward Testing:
Before live trading, backtest this indicator with historical data to see how it performs over different market conditions, especially during memecoin pump-and-dump cycles.
Use forward testing in a demo account to understand real-time performance without financial risk.
Customization:
Adjust the short_sma_length and long_sma_length according to the asset's volatility. More volatile memecoins might require shorter periods for quicker signals.
Modify volume_spike_threshold to be more or less sensitive to volume changes based on the average trading volume of the asset.
Risk Management:
Since this indicator allows for two consecutive signals, set strict stop-losses to manage risk. Consider the percentage drop from your entry price where you are comfortable cutting losses.
Use this indicator in conjunction with other technical analysis tools like RSI or MACD for confirmation signals to increase the reliability of your trades.
Market Context:
Understand the broader market sentiment towards memecoins. This indicator works best in bearish or highly volatile scenarios. Keep an eye on news and social media trends that could affect memecoin prices.
Trade Sizing:
Due to the speculative nature of memecoins, consider smaller position sizes to manage potential losses. Even with only two consecutive signals, losses can accumulate quickly in volatile markets.
Exit Strategy:
Beyond taking profit on signals, consider setting a trailing stop loss or using a time-based exit strategy if the market doesn't move as expected after your entry.
Alert Utilization:
Set up alerts for both SHORT and Take Profit signals to monitor opportunities without needing constant chart watching.
Remember, trading meme coins involves high risk due to their speculative nature and susceptibility to manipulation. Always trade with what you can afford to lose and use this indicator as part of a broader trading strategy.
Note: This indicator simulates sentiment based on price action; for real sentiment analysis, external data integration would be necessary, which is beyond the scope of Pine Script in TradingView.
9/21 EMA_DSWThe 9 and 21 Exponential Moving Average (EMA) crossover is a popular technical indicator used by traders to identify potential buy and sell signals in the market. The 9 EMA is a shorter-term moving average, which responds more quickly to recent price movements, while the 21 EMA is a longer-term moving average that smooths out price action over a longer period. A bullish signal occurs when the 9 EMA crosses above the 21 EMA, suggesting upward momentum and a potential buying opportunity. Conversely, a bearish signal occurs when the 9 EMA crosses below the 21 EMA, indicating downward momentum and a potential selling opportunity. Traders often use this crossover in combination with other indicators, such as volume or RSI, to confirm the strength of the trend. The strategy is commonly applied in various time frames, from intraday charts to longer-term setups, and is widely used for trend-following strategies. However, it’s essential to keep in mind that the EMA crossover strategy can produce false signals in choppy or sideways markets.
AkiSignals PD Ratio Momentum StrategyDescription: Unlock the power of market momentum with the AkiSignals PD Ratio Momentum Strategy. This proprietary strategy leverages the Price-Divergence Ratio (PD) to identify optimal entry points for both long and short trades. Built with precision and designed for traders who value accurate, data-driven trading signals, this tool is tailored for maximum profitability.
How It Works:
Short-Term vs. Long-Term EMAs: The strategy compares short-term and long-term Exponential Moving Averages (EMAs) to calculate the momentum ratio.
Momentum Calculation: The momentum ratio is then smoothed for better clarity, allowing you to spot trends and reversals with precision.
Entry Signals: The strategy automatically generates Long entries when momentum crosses above 1 and Short entries when momentum crosses below 1, taking advantage of market fluctuations.
Risk Management: Customizable stop-loss and take-profit levels ensure your trades are secured, with dynamic risk/reward settings that maximize potential profits.
How You Can Make Money:
Automation for Consistency: This strategy automates the decision-making process, allowing you to trade without being glued to the screen.
Profitable Signals: The built-in stop-loss and take-profit system ensures you manage your risk while capturing the most favorable trades.
Works on Any Timeframe: Whether you trade on the 1-minute chart or daily timeframe, the strategy adapts to provide profitable signals across all market conditions.
Why This Is Unique:
Proprietary to AkiSignals: Developed by AkiSignals, this exclusive strategy is based on years of market research and data analysis, providing an edge for serious traders.
Tailored for Success: Unlike other generic strategies, the AkiSignals PD Ratio Momentum Strategy is customized for precision, taking into account the most relevant market factors.
Access:
To gain access to this exclusive strategy, you must purchase a subscription. Only paid users will receive the script, ensuring that only committed traders benefit from this proprietary tool.
Subscribe now and start making smarter trades with the AkiSignals PD Ratio Momentum Strategy!
Contact us via DM or visit akisignals.com website
Dynamic Ticks Oscillator Model (DTOM)The Dynamic Ticks Oscillator Model (DTOM) is a systematic trading approach grounded in momentum and volatility analysis, designed to exploit behavioral inefficiencies in the equity markets. It focuses on the NYSE Down Ticks, a metric reflecting the cumulative number of stocks trading at a lower price than their previous trade. As a proxy for market sentiment and selling pressure, this indicator is particularly useful in identifying shifts in investor behavior during periods of heightened uncertainty or volatility (Jegadeesh & Titman, 1993).
Theoretical Basis
The DTOM builds on established principles of momentum and mean reversion in financial markets. Momentum strategies, which seek to capitalize on the persistence of price trends, have been shown to deliver significant returns in various asset classes (Carhart, 1997). However, these strategies are also susceptible to periods of drawdown due to sudden reversals. By incorporating volatility as a dynamic component, DTOM adapts to changing market conditions, addressing one of the primary challenges of traditional momentum models (Barroso & Santa-Clara, 2015).
Sentiment and Volatility as Core Drivers
The NYSE Down Ticks serve as a proxy for short-term negative sentiment. Sudden increases in Down Ticks often signal panic-driven selling, creating potential opportunities for mean reversion. Behavioral finance studies suggest that investor overreaction to negative news can lead to temporary mispricings, which systematic strategies can exploit (De Bondt & Thaler, 1985). By incorporating a rate-of-change (ROC) oscillator into the model, DTOM tracks the momentum of Down Ticks over a specified lookback period, identifying periods of extreme sentiment.
In addition, the strategy dynamically adjusts entry and exit thresholds based on recent volatility. Research indicates that incorporating volatility into momentum strategies can enhance risk-adjusted returns by improving adaptability to market conditions (Moskowitz, Ooi, & Pedersen, 2012). DTOM uses standard deviations of the ROC as a measure of volatility, allowing thresholds to contract during calm markets and expand during turbulent ones. This approach helps mitigate false signals and aligns with findings that volatility scaling can improve strategy robustness (Barroso & Santa-Clara, 2015).
Practical Implications
The DTOM framework is particularly well-suited for systematic traders seeking to exploit behavioral inefficiencies while maintaining adaptability to varying market environments. By leveraging sentiment metrics such as the NYSE Down Ticks and combining them with a volatility-adjusted momentum oscillator, the strategy addresses key limitations of traditional trend-following models, such as their lagging nature and susceptibility to reversals in volatile conditions.
References
• Barroso, P., & Santa-Clara, P. (2015). Momentum Has Its Moments. Journal of Financial Economics, 116(1), 111–120.
• Carhart, M. M. (1997). On Persistence in Mutual Fund Performance. The Journal of Finance, 52(1), 57–82.
• De Bondt, W. F., & Thaler, R. (1985). Does the Stock Market Overreact? The Journal of Finance, 40(3), 793–805.
• Jegadeesh, N., & Titman, S. (1993). Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency. The Journal of Finance, 48(1), 65–91.
• Moskowitz, T. J., Ooi, Y. H., & Pedersen, L. H. (2012). Time Series Momentum. Journal of Financial Economics, 104(2), 228–250.
Detección de Rechazo Ajustable con EMAsEste indicador está diseñado para identificar y marcar los rechazos en las velas basándose en las sombras (superior e inferior) y validar la dirección del precio a través de dos medias móviles exponenciales (EMAs) de 9 y 21 periodos. El objetivo es detectar momentos en los que el precio muestra una fuerte resistencia o soporte, lo que puede indicar una posible reversión o continuación de la tendencia.
Componentes del Indicador:
Entradas Ajustables desde la Consola:
Umbral de Rechazo Superior (%): Este parámetro permite ajustar el porcentaje mínimo de rechazo en la sombra superior de la vela para que sea considerado significativo. El valor predeterminado es 50%.
Umbral de Rechazo Inferior (%): Similar al anterior, pero se aplica a la sombra inferior de la vela. También se ajusta en porcentaje.
Cálculo de las EMAs:
EMA de 9 periodos: Esta media móvil exponencial de corto plazo sigue más de cerca el precio actual y es más sensible a cambios rápidos en la dirección del mercado.
EMA de 21 periodos: Esta EMA de mayor plazo refleja la tendencia general del mercado, ayudando a suavizar las fluctuaciones y proporcionando una perspectiva más amplia de la tendencia.
Cálculo de las Sombras de la Vela:
Rechazo Superior: Se calcula como la diferencia entre el máximo de la vela (high) y el valor máximo entre el precio de apertura y cierre (open o close). Esto refleja cuánto ha subido el precio durante la formación de la vela antes de retroceder.
Rechazo Inferior: Se calcula como la diferencia entre el valor mínimo entre el precio de apertura y cierre (open o close) y el mínimo de la vela (low). Esto refleja cuánto ha bajado el precio antes de rebotar hacia arriba.
Porcentaje de Rechazo:
El porcentaje de rechazo se calcula dividiendo el valor de la sombra superior o inferior entre el rango total de la vela (diferencia entre high y low), multiplicado por 100. Esto da el porcentaje de la vela que está representado por la sombra.
Porcentaje de Rechazo Superior: (upper_rejection / (high - low)) * 100
Porcentaje de Rechazo Inferior: (lower_rejection / (high - low)) * 100
Detección de Rechazo Significativo:
Si el porcentaje de la sombra superior o inferior excede el umbral definido por el usuario, se considera que ha ocurrido un "rechazo significativo". Este rechazo se marca en el gráfico con una señal visual.
Validación de la Dirección del Precio con las EMAs:
Tendencia Alcista (Bullish): Si la EMA de 9 está por encima de la EMA de 21, se considera que el mercado está en una tendencia alcista.
Tendencia Bajista (Bearish): Si la EMA de 9 está por debajo de la EMA de 21, se considera que el mercado está en una tendencia bajista.
Detección de Rechazo en la Dirección de la Tendencia:
En una tendencia alcista (cuando la EMA de 9 está por encima de la EMA de 21), se detecta un rechazo significativo solo si ocurre en la sombra inferior (bajista). Esto sugiere que el precio está siendo rechazado hacia abajo, pero sigue en la dirección de la tendencia alcista.
En una tendencia bajista (cuando la EMA de 9 está por debajo de la EMA de 21), se detecta un rechazo significativo solo si ocurre en la sombra superior (alcista). Esto sugiere que el precio está siendo rechazado hacia arriba, pero sigue en la dirección de la tendencia bajista.
Visualización de las Señales:
Señales de Rechazo Inferior en Tendencia Alcista: Se muestran como cruces rojas en la parte inferior de la vela cuando el rechazo ocurre en la sombra inferior durante una tendencia alcista.
Señales de Rechazo Superior en Tendencia Bajista: Se muestran como cruces verdes en la parte superior de la vela cuando el rechazo ocurre en la sombra superior durante una tendencia bajista.
Etiquetas de Rechazo: Además de las señales visuales, el indicador puede mostrar el porcentaje de rechazo en cada vela significativa, con etiquetas que indican el valor exacto del rechazo en porcentaje.
Análisis Avanzado de Volumen con MFI y A/DEste indicador personalizado en Pine Script ofrece un análisis integral del volumen y la acción del precio, incorporando múltiples herramientas técnicas. Clasifica el volumen en categorías de normal, elevado e institucional, y proporciona interpretaciones basadas en el Índice de Fuerza Relativa (RSI), las Bandas de Bollinger, el Índice de Flujo de Dinero (MFI) y el Indicador de Acumulación/Distribución (A/D). Además, muestra una tabla interpretativa en el gráfico que ayuda a los traders a comprender mejor las condiciones actuales del mercado y a tomar decisiones informadas
FiftyFVGs by SiriusThe "FiftyFVGs by Sirius" is a Pine Script™ indicator designed to identify and visualize Fair Value Gaps (FVGs) on different timeframes. These gaps represent areas in price action where imbalances occur, providing insights for potential support and resistance levels. The script integrates customizable parameters for flexibility in adjusting appearance, behavior, and timeframe-specific configurations.
Key Features:
Multi-Timeframe FVG Analysis
The indicator supports analysis on multiple timeframes (e.g., 1-minute, 5-minute, up to 4-hour).
It calculates FVGs for each timeframe and displays them on the chart using configurable colors and transparency.
FVG Visualization
Bullish FVGs: Gaps formed when the low of a future candle is above the high of a previous one.
Bearish FVGs: Gaps formed when the high of a future candle is below the low of a previous one.
The gaps are displayed as rectangles on the chart with optional labels, border colors, and 50% midpoint lines.
Customizable Parameters
Colors: Separate settings for bullish and bearish FVGs.
Transparency: Adjustable for the body, border, and center line.
Labels: Configurable text, size, alignment, and visibility.
Border Styles: Width and type of the border around FVGs.
Center Line Display
A 50% midpoint line is drawn for each FVG, helping traders identify key levels within the gap.
The thickness of the center line can be adjusted.
Filtering and Deletion
FVGs below a certain size threshold can be filtered out.
Completed FVGs (those fully covered by subsequent price action) are automatically removed from the chart.
Scalability
The indicator can plot up to 500 lines, labels, and boxes, ensuring performance on high-density charts.
Timeframe Conversion
The script converts timeframe inputs into user-friendly labels (e.g., "M15" for 15-minute charts).
It ensures accurate alignment of FVGs to the defined time intervals.
Parameter Categories:
Timeframe Settings
Users can define the timeframes to analyze. Each timeframe has its own group of parameters for tailored configurations.
FVG Appearance
Colors for bullish and bearish gaps.
Border and fill transparency.
Midpoint Line
Visibility, color, thickness, and style of the 50% midpoint line.
Label Options
Custom text for FVG labels.
Alignment, size, and visibility.
Common Settings
Maximum extension of FVG boxes.
Multiplier for thickness adjustments across timeframes.
Use Cases:
Intraday Trading: Identifying short-term imbalances on lower timeframes like 1-minute or 5-minute charts.
Swing Trading: Highlighting support/resistance levels on higher timeframes such as 4-hour or daily charts.
Confirmation Tool: Aligning FVG levels with other technical indicators or price action strategies.
This indicator is an advanced yet user-friendly tool for traders who want to identify and act upon price imbalances across multiple timeframes. Its comprehensive customization options allow adaptation to any trading style.
9:30-10:30 range success rates
Imagine you're playing a game where you watch numbers go up and down, like a bouncing ball. In this game, there's a special zone between 930 and 1030 - think of it like a fence.
Sometimes, when the numbers fall below the fence (below 930), traders want to know if the numbers will bounce back up and touch the top of the fence (1030). Looking at past games, they found that about two out of three times, the numbers do bounce back up to touch the top.
This helps traders decide if they want to "bet" that the numbers will keep going down (called taking "shorts") or if they might bounce back up. It's like predicting which way a ball will bounce!
But remember, just like you can't always guess where a bouncing ball will go, this pattern doesn't work every single time - it just helps make better guesses.
www.youtube.com
Custom RSI + OBV Scalping Indicator 8080A custom indicator combining RSI (Relative Strength Index) and OBV (On-Balance Volume) can be helpful for scalping by merging momentum and volume signals.
Global Relevant Events MarkerThe Global Relevant Events Marker script is designed to mark significant global events on a chart, such as economic crises or major geopolitical events. It uses vertical lines to indicate the exact dates of these events and places labels (optional) near the lines to provide a description of the event.
Trend with ADX/EMA - Buy & Sell SignalsThis script is designed to help traders make buy and sell decisions based on trend analysis using two key methods: ADX (Average Directional Index) and EMA (Exponential Moving Averages). Here's a breakdown in simple terms:
What Does It Do?
Identifies the Trend's Strength and Direction:
Uses the ADX indicator to determine how strong the trend is.
Compares two lines (DI+ and DI−) to identify whether the trend is moving up or down.
Generates Buy and Sell Signals:
Uses two EMAs (a fast one and a slow one) to check when the price crosses key levels, signaling a possible buy or sell opportunity.
Plots visual indicators (arrows and labels) for easy interpretation.
Color-Codes the Chart:
Highlights the background in green when the trend is bullish (uptrend).
Highlights the background in red when the trend is bearish (downtrend).
Alerts the User:
Creates alerts when specific conditions for buying or selling are met.
Key Components:
1. ADX (Trend Strength & Direction)
What is ADX?
ADX measures how strong the trend is (not the direction). Higher ADX means a stronger trend.
It also calculates two lines:
DI+: Measures upward movement strength.
DI−: Measures downward movement strength.
How It Works in the Script:
If DI+ is greater than DI−, it’s a bullish trend (upward).
If DI− is greater than DI+, it’s a bearish trend (downward).
The background turns green for an uptrend and red for a downtrend.
2. EMA (Buy and Sell Decisions)
What is EMA?
EMA is a moving average that gives more weight to recent prices. It’s used to smooth out price fluctuations.
How It Works in the Script:
The script calculates two EMAs:
Fast EMA (short-term average): Reacts quickly to price changes.
Slow EMA (long-term average): Reacts slower and shows overall trends.
When the Fast EMA crosses above the Slow EMA, it’s a signal to Buy.
When the Fast EMA crosses below the Slow EMA, it’s a signal to Sell.
These signals are marked on the chart as "Buy" and "Sell" labels.
3. Buy and Sell Alerts
The script sets up alerts for the user:
Buy Alert: When a crossover indicates a bullish signal.
Sell Alert: When a crossunder indicates a bearish signal.
Visual Elements on the Chart:
Background Colors:
Green: When the DI+ line indicates an uptrend.
Red: When the DI− line indicates a downtrend.
EMA Lines:
Green Line: Fast EMA.
Red Line: Slow EMA.
Buy/Sell Labels:
"Buy" label: Shown when the Fast EMA crosses above the Slow EMA.
"Sell" label: Shown when the Fast EMA crosses below the Slow EMA.
Why Use This Script?
Trend Analysis: Helps you quickly identify the strength and direction of the market trend.
Buy/Sell Signals: Gives clear signals to enter or exit trades based on trend and EMA crossovers.
Custom Alerts: Ensures you never miss a trading opportunity by notifying you when conditions are met.
Visual Simplicity: Makes it easy to interpret trading signals with color-coded backgrounds and labeled arrows.
