Cloak & Dagger Heikin-ashiThis indicator is intended to reduce market noise by averaging "Heikin-ashi" a few more times.
You can set the number of averages and how the closing price is calculated.
The Modes:
There are several presets.
The "Mode 1" is more conservative and flips fewer times, but with less noise.
(Averaged by 5 times, Close calculated by oc2)
The "Mode 2" is more aggressive, with more flips and faster timing.
(Averaged by 10 times, Close calculated by ohlc4)
Triggers:
Triggers the inversion of the bar. It can be visualized and alerts can be set.
Signals
Colored Moving Averages With Close Signals[Whvntr][TradeStation]Plots the first time the close price is above or below the colored portion of the chosen MA. The MA's formula is from TradeStation's indicator: "Colored Moving Averages Can Help You Spot Trends" . I modified that indicator with customizations that include: Buy and Sell signals. Each time the current bar closes above the MA, while it's red (bearish), there's a Sell label at the start of that MA trend. Likewise: each time the current bar closes below the MA, while it's white (bullish), there's a Buy label at the beginning of that MA trend. You can now, also, easily see which MA you are selecting by hovering your cursor over the tooltips icon. I've included a modified Hull MA as default because I've found this SMA combination with the WMA to be a very smooth oscillation. I've also added some different types of MA's. Colored moving averages are helpful to determine when a trend may be reversing.
MA's
1 · Modified Hull MA: (SMA of the WMAs Hull Formula)
2 · Hull MA
3 · Exponential Moving Average
4 · Weighted Moving Average
5 · RMA Moving Average used in RSI
6 · Volume Weighted MA
7 · Simple Moving Average
This indicator isn't endorsed as a guarantee of future, favorable, results.
Swing Rapat Jik ( LOW-HIGH ) Smart Money TrendBandSWING RAPAT JIK ( LOW-HIGH ) Smart Money TrendBand
( 2023 updated edition )
The Swing Rapat Jik indicator is a method of knowing whether the current market is either at the highest or the lowest price.
It is also a relatively less risky strategy and suitable for long-term traders such as swing traders.
The analysis tool used is based on the Relative Strength Index ( RSI ) indicator as a parameter to measure the lowest price and the highest price in each cycle. If the price is at the extremely oversold level, then it shows the lowest price signal (LL/HL). Vice versa, if the price is at the extreme overbought level, then the signal will show the highest price signal (HH/LH).
It should be noted that this indicator is a repaint where it will make a re-mark if the price is at the lowest level of the previous signal. So, the solution is that I’ve added the Moving Average parameter as confirmation of the reversal of the LL price to the uptrend. That means the signal to enter the market only occurs when there is an Entry Price (EP) signal after LL/HL signal appears.
Please, do not enter the market when the EP signal is released if the LL/HL signal is not yet released. Make sure these two signals come out consecutively, starting with HL/LL and then the EP signal.
Key Signal;
LL = LOWER LOW
HL = HIGHER LOW
HH = HIGHER HIGH/TAKE PROFIT
LH = LOWER HIGH/TAKE PROFIT
EP = ENTRY PRICE
Hopefully, it can help traders to track the price at the lowest level before making a reversal and the highest price during the market supply situation.
*So far, the invention of the entry market is for the stock market only, which is to use buy signals only. Any updates for other markets will be notified from time to time.
Major updates;
1. Update version to Version 5 pine script
2. variable value used for the EP signal, to obtain a more significant weighted value.
3. Change of label color
4. Colored bars- bullish and bearish trends detected
SOPs and strategies
colored bars are pointers of the current trend and the period in which it occurred.
Use this combination as a strong confirmation
Volume Crop ━ Hidden Volume Divergence [whvntr] Volume Divergence
• Formula originated from: "Hidden Price Divergence" (circles) by TheLark. I did two things to harness its
effectiveness:
• Firstly, I developed a unique way to filter out the divergence signals that were appearing on both sides of the
midline. This filter will be known as the "Midline Tool" . It filters out a lot of the false signals commonly
associated with oscillators.
• Then, I modified the default format from Price to Volume.
• The midline formula "Midline Tool" was developed by me . It adjusts in the thousands since it's volume.
Let me know in the comments if you would rater have a smaller step value than 10,000. How does it work?
Crossover then Crossunder, the arrows only appear during the first sign of hidden volume divergence once
crossing the midline. Normally, these signs appear on both side of the midline both bearish and bullish no
matter if it's on an oversold or overbought side of the spectrum... Also, let
me know in the comments if you would like for me to release an oscillator version of this
indicator for co-witnessing.
Features:
• Volume divergence
• Midline Tool©
• Disclaimer: This indicator does not constitute investment advice. Trade at your own risk with the investments
you can afford to lose because all financial investments have risks and this is not a
guarantee that the volume divergence will be 100% all the time.
Bender Stochastic MTF With Buy & Sell SignalsA stochastic indicator is a technical analysis tool that uses random data points to forecast price changes in a financial security. It compares the closing price of a security to its price range over a set period of time. The indicator is designed to indicate when a security is overbought or oversold by comparing the closing price to the price range over a certain number of periods. A stochastic indicator can be used to identify potential buying or selling opportunities. It is often used in conjunction with other technical analysis tools to provide a more comprehensive analysis of market conditions.
Configurable Indicator Signals
Signal on k & d Stochastic Line Crosses
Invalidate Signal if not in a overbought or oversold pressure zone
Invalidate signal on neutral zone breach
Invalidate signal on reverse cross
Invalidate signal after a user set number of bars
Delay signal until the cross is considered strong by calculating the distance between the stochastic lines the a user set threshold
Please Note:
This indicator is also embedded in the Bender Bot strategy script. Signals and confluence identified by this indicator can be used to autonomously mange strategies. The below settings will not have any effect on this indicator's functionality when used as a stand alone indicator.
Bender Bot Strategy Confluence
Close any open trade on reverse k & d Stochastic line crosses
Require any signal and Stochastic directional confluence before opening any trade
Require any signal and Stochastic pressure to be in confluence before opening any trade
Require any signal to be in directional confluence with the Stochastic signal
Bender Filtered MA Cloud with Buy Sell SignalsBender MA Cloud is a powerful indicator that uses two moving averages filtered by standard deviation to create a "cloud" on the chart. The upper and lower bounds of the cloud could be key levels of support and resistance, and the indicator plots lines on the chart that reflects the average price of the stock over a specified period of time. The standard deviation is used to filter out noise and identify significant trends. Bender MA Cloud also generates signals based on the direction changes of the fast moving average, crosses of the cloud, and breaches of the cloud boundaries. This indicator is a useful tool for traders who want to make informed decisions based on reliable market trends and anticipate potential trade opportunities. (Video Demo Coming Soon)
Configurable Indicator Signals
Signal on :
Pullbacks
A pullback begins when the fast MA1 line changes direction and moves opposite to the cloud. The pullback is confirmed when the fast MA1 line returns to the direction of the cloud on the close of the bar. These signals can be fine-tuned using the invalidation settings below.
Breaches
A breach is signaled when the price closes beyond the slow MA2 line in the opposite direction of the cloud. These signals can be optimized using the invalidation settings.
Crosses
A cross is signaled by a change in the direction of the cloud. The strength of the cross can be evaluated using the settings below..
Signal Filters
Confirmed pullbacks allowed after a cross
The number of confirmed pullbacks allowed after a cross can be set using this option. If the number of confirmed pullbacks since the last cross exceeds the specified value, the pullback signal will be invalidated.
Allowed Number of bars in Pullback
The pullback signal is considered invalid if the specified number of bars form within the pullback without a reversal occurring. This limits the number of bars allowed in the pullback.
Invalidate Pullback if price breaches the slow MA2
The pullback signal is considered invalid if the price crosses the slow MA2 during the pullback. This indicates that the trend may be reversing and the signal is no longer reliable.
Require Strong Cloud During Pullback
This option allows you to invalidate the pullback signal if the cloud is not considered strong using the ATR strength threshold. This can help to ensure that the signal is reliable and accurate..
Require Strong Cross. _ look-back bars.
This option allows you to invalidate the cross signal if the cloud is not considered strong over a specified number of look-back bars. The strength of the cloud is measured using the ATR strength threshold, and the signal will be invalidated if the cloud is not considered strong. This can help to ensure that the signal is reliable and accurate..
Strength Threshold ATR Length
This option allows you to specify the ATR length that should be used to gauge the strength of the cloud. Keep in mind that the ATR is a dynamic measure, so if there is a spike in the ATR, the cloud strength calculations will also change. This can affect the reliability and accuracy of the signals generated by the indicator.
Cloud Size Must Be _ times the size of the Threshold ATR to be considered strong
This option allows you to specify the minimum size that the cloud must be relative to the Threshold ATR in order to be considered strong. If the distance between the fast MA1 and the slow MA2 is less than the specified value multiplied by the Threshold ATR, the cloud is considered weak. For example, if the cloud size is not at least 2 times the ATR, it will be considered weak.
This indicator is also incorporated into the Bender Bot strategy script and can be used to autonomously manage strategies based on signals and confluences identified by the indicator. When used as a standalone indicator, the features below will not affect the indicators functionality.
Bender Bot Strategy Confluence
Require Signal Confluence before opening any position
This option requires that all of the signal conditions are met before opening any position. If all conditions are satisfied, the signal will remain "Long" or "Short" until it is invalidated.
Require MA Cloud Directional Confluence before opening any position
This option requires that the direction of the cloud (either "Long" or "Short") is in agreement before opening any position. The direction of the cloud changes on crosses.
Close Position if Pullback is started
This option closes the position if a pullback is started and causes the fast MA1 line to change direction and oppose the open position.
Please feel free to contact me if there are any questions
[LazyBear] SQZ Momentum + 1st Gray Cross Signals ━ whvntrI have modified LazyBears Squeeze Momentum Indicator with enhancements, plus added signals
LazyBear mentioned that in John F. Carter's book, Chapter 11, "Mastering the Trade", that "Mr. Carter suggests waiting till the first gray after a black cross, and taking a position in the direction of the momentum (for ex., if momentum value is above zero, go long). Exit the position when the momentum changes (increase or decrease --- signified by a color change)." I have done just that. Now at each "first gray after a black cross", there are now Bearish and Bullish signals.. The signals only appear in the direction of the momentum.
Disclaimer: This indicator does not constitute investment advice. Trade at your own
risk with this method of identifying changes in stock market momentum.
Auto Trend Lines Breakouts and Bounces Signals and AlertsAuto Trend Lines Breakout with Confirmation Bounce Signals and Alerts
This indicator draws trend lines automatically based on the 2 pivot points, which are calculated based on the specified number of bars (length), which is of course customizable. The indicator then shows you when these trend lines get touched (potential bounce) or “almost touched” (Yes! The script can do that as well!) by the current price of the instrument or broken and then confirmed by the “after break come back touch” – classic! Everything is shown on the chart, and for everything - alarms can be set up with just a few clicks!
Now there are 2 modes here (you can hide all signals as well and just use the trend lines):
1) Current/recent trend lines only: will only show 2 current upper/lower trend lines as well as previous 2 for reference.
2) All time (historical) trend lines: will show 2 current upper/lower trend lines as well as the historical lines from the past and these lines are often very respected by the price!
Besides that, you can set the indicator to show you exactly what you want: Just the trend lines touches/bounces, breaks with confirmation touches/bounces or BOTH.
In addition to that, you can set the indicator to only show you these touches/bounces and breaks with additional confirmations, only if confirmed by :
- Moving Average (customizable length): LONG signals based off the trend lines will only be shown if above EMA, SHORT if below.
- Signals where the candle color confirms the direction of the trade, but the candle type is opposite (like a green colored bearish hammer for example) will be avoided (such candles can be very uncertain/deceptive)
- Signals where the signal candle is doji will be avoided (uncertain)
- Signals will only be shown if supported by the trend line slope (for example, with this feature turned on, if there is an upper line trend line, but the line is actually above, touching the top of the candles and the price touches/crosses it or it gets broken – there will be no signal as even though the trend line is an upper line above candles, it’s slope is positive (going up), if the slope would be down, like a classical down/bearish trend line and the price touches/bounces off it or the line gets broken, only then the indicator will show the signal/alert.
- OFFSET: this one is really cool! With this feature you can hunt these conditions when the price comes very near the trend line, but never touches it. With this setting turned on, with a correct offset amount – you will be able to catch these! You will need to play around with the offset amount, depending on the timeframe/instrument, be quick-n-easy!
The indicator also includes Round Number lines on the chart, which are customizable for any instrument. As you know round numbers are appreciated by the price and can be very nicely used with this indicator looking for combos or using trend lines for signals, while round numbers as partial profit price targets or stop-loss areas.
Important economic events are also shown on the chart as red vertical lines (during these events, volatility can suddenly spike, so it’s best to stay away from trading!)
This is a very powerful indicator with plenty of customizations to find the best approaches, can be used for any instrument and on any timeframe! Awesome for scalping and could be used with swing trading as well! Enjoy!
To add the alerts
-Right-click anywhere on the TradingView chart
-Click on Add alert
-Condition: Auto Trend Lines Breakout with Confirmation Bounce Signals and Alerts
-Alert name: DO NOT TOUCH THIS
-Hit “Create”
-Note: If you change ANY Settings within the indicator – you must DELETE the current alert and create a new one per steps above, otherwise it will continue triggering alerts per old Settings!
A few strategies how this indicator can be used (these were actually tested and showed awesome results!):
1) Bounce Scalping: Simply hunting bounces off the trend lines. Often the price will slightly cross the trend line and then immediately bounces from it for nice little price move, which is great for scalping or if you for example take 2/3s off the position and leave the remaining, often with such bounces – the price may reverse from the trend line and go in the opposite direction considerably.
2) Break-Bounce-Confirm: this is the “Breaks with Confirmation Bounce” option of the script which fully automates the classical trend lines break confirmation, where the trend line is broken (which could be a fake out), so you wait for a touch/bounce of that trend line back from the initial break and open the position right there or wait and see if after the touch/bounce back, the price once again goes into the direction of the break.
For stop-loss and take-profit areas, you can use:
1) Pivots (these are marked with red and green crosses on the chart), which are used to draw the actual trend lines.
2) The actual trend lines themselves (if one gets broken + confirmation, you can set your stop-loss if that same line gets broken again in the opposite direction | similar for take-profit, you can take profit or partial profit at next trend line on the chart if the price reaches it.
3) Use the Round Numbers included, for example: use the closest round number as a visual soft stop-loss and the furthest one away as a visual soft take-profit.
You can try combining this indicator with divergence, stochastic, Bollinger bands, pretty much anything!
If you wish to try this out for a week or so – please reach out and I will give you access.
[-_-] Volatility Calibrated ATRDescription:
An indicator based on ATR adjusted for volatility of the market. It uses Heikin Ashi data to find short and long opportunities and displays a dynamic stop loss level. Additionally, it has alerts for when the trend changes (which is an entry signal).
How it works:
It works by dynamically calculating the Period for ATR which depends on current volatility level that is calculated by a function that uses Standard Deviation of price. ATR is then smoothed by Weighted Moving Average and multiplied by ATR Factor, resulting in a plot that changes its colour to red when we're in a downtrend and green when in an uptrend. This plot should be used as a dynamic Stop Loss level. Trend change is determined by price crossing the dynamic Stop Loss level. The squared red and green labels appear when the trend changes, and should be used as Entry signals.
Parameters:
- Source -> data used for calculations
- ATR Factor -> higher values produce less noise and longer trends, lower values give more signals
VWAP PredatorUsing VWAP as a start point, the VWAP Predator uses proprietary Fibonacci bands to help determine signal criteria. Most traders use VWAP in a simple way to determine whether an instrument is in a bearish or bullish state, but that doesn't help choosing the correct time to go long or short.
The xBat VWAP Predator uses behavioural analysis with volume, price action with open and close proximities to the Fibonacci bands/zones (Fib Zones). The following describes how the xBrat VWAP Predator is different to any standard use of Volume Weighted Average Price and uses xBrat Proprietary Behavioural logic to determine high probability long and Short signals. All of this heavy lifting and logic is done behind the scenes, keeping traders charts clean.
Long Trading Signals - Candle Coloured in Blue - There are many states with the logic to produce these signals, which are briefly described below:
1. The only standard criteria here - The price action must be above the VWAP Line
2. The Price must open below the boundary of one Fib Zone and close into the next Fib Zone
3. That Same Candle has to be an Accumulation Candle (more volume than the preceding candle and More Buyers) - This is determined with our proprietary logic coding
4. The Same signal candle also has to be higher than average volume. Again, our proprietary xBrat Logic just doesn't look back over a set number of bars, it looks at times of day and day of week, plus more to determine a true valuation of higher, lower or equal to average volume.
5. Only when these states are met, plus two more ema proximity logic, Does the xBrat VWAP predator give a Long Signal.
6. Trade Management is either set targets or indeed a simple ema cross which we provide as a ribbon on the chart to help traders. These ema's are different to entry logic. When the Ribbon turns from green to red, the trader should consider exiting the trade
Short Trading Signals - Candle Coloured in Pink - There are many states with the logic to produce these signals, which are briefly described below:
1. The only standard criteria here - The price action must be below the VWAP Line
2. The Price must open above the boundary of one Fib Zone and close into the next Fib Zone
3. That Same Candle has to be a Distribution Candle (more volume than the preceding candle and More Sellers) - This is determined with our proprietary logic coding
4. The Same signal candle also has to be higher than average volume. Again, our proprietary xBrat Logic just doesn't look back over a set number of bars, it looks at times of day and day of week, plus more to determine a true valuation of higher, lower or equal to average volume.
5. Only when these states are met, plus two more ema proximity logic, Does the xBrat VWAP predator give a Short Signal.
6. Trade Management is either set targets or indeed a simple ema cross which we provide as a ribbon on the chart to help traders. These ema's are different to entry logic. When the Ribbon turns from red to green, the trader should consider exiting the trade.
VWAP Predator is a day trading and scalping signals trading indicator.
MAGISTR Binary 3 EURUSD 1min The indicator is designed for use in binary options trading.
Designed for TF 1 minute, EURUSD pair (tested on Currency.com exchange instrument).
When the rules of the internal algorithm are triggered, the indicator generates a signal with the probable movement of the instrument on the next bar:
if a green bar appears at the bottom of the bar, it means that the indicator assumes that the next bar should close at a positive price growth value (it will be green) and vice versa, if a red bar appears at the bottom of the bar, then the indicator assumes that the next bar should close at a negative price growth value( will be red), the indicator also generates appropriate alerts about the expected price movement on the next bar.
In addition, the indicator counts the signals issued by it and the success of its processing for the period of time available in TradingView.
This indicator uses a set of values of such basic indicators as:
- Stochastic RSI;
- Bollinger Bands;
- Profile of Volumes;
- CCI;
- ADX;
- momentum;
and others.
I left all the settings "open", so it is quite possible, by slightly changing the parameters, to adjust it to another pair or time frame.
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Индикатор разработан для применения в торговле на бинарных опционах.
Разработан для ТФ 1 минута, пара EURUSD (оттестирован на показателях инструмента биржи Currency.com).
При сработке правил внутреннего алгоритма - индикатор выдает сигнал с вероятным движением инструмента на следующем баре :
если появилась зеленая полоса внизу бара - значит индикатор предполагает, что следующий бар должен закрыться в положительном значении роста цены ( будет зеленым) и наоборот, если появилась красная полоса внизу бара - значит индикатор предполагает, что следующий бар должен закрыться в отрицательном значении роста цены( будет красным) , также индикатор выдает соответствующее оповещения о предполагаемом им движении цены на следующем баре.
Кроме того индикатором ведется подсчета выданных им сигналов и и успеха его отработки за доступный в TradingView период времени.
В данном индикаторе используются комплекс значений таких базовых индикаторов, как:
- Stochastic RSI;
- Bollindgers Bands;
- Profile of Volumes;
- CCI ;
- ADX;
- Momentum ;
и прочие.
Все настройки оставил "открытыми", так что его вполне можно, немного изменив параметры, подстроить под другую пару или тайм-фрейм.
TSG's Beast SignalsThis indicator is built with the purpose of keeping things simple and user-friendly. It is a custom formula I developed lately and it signals pretty accurately changes of direction in the price.
Added an Alert option to it lately - with customizable messages.
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HOW IT IS DONE
I make great use of the Average True Range indicator which is the best and simple volatility indicator out there and mix its behavior with several Moving Averages to catch exhaustions of trends and potential reversal points. Moving Averages are treated as bands and the price is kept within it (Something like Bollinger Bands , but custom).
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WHAT TIMEFRAMES TO USE IT ON
The bigger the timeframe, the less noise you will have. It is playing out nicely to signal major trend reversal or retracements, but I used it for scalping aswell.
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PLANS
Maybe MultiTimeframe table to align signals coming from different timeframes for better accuracy of entry?
Good Luck!
Colorful Channelwhat is "Colorful Channel"?
it is a overbought - oversold indicator.
what it does?
It fills the area between the upper band of the channel and the price line with green, the area between the lower band of the channel and the price line with red color and applies a transparency to these colors according to the distance of the price from the channel lines. thus allowing users to get an idea of ??the current value of the price.
how it does it?
subtracts the percentage of the price from the lower channel from the transparency ratio of the red color, and the percentage of the price from the upper band from the transparency ratio of the green color. thus, a different transparency value is obtained for each percentile. In addition, the transparency rate can be changed with a multiplier determined by the users.
how to use it?
In the "lenght" section, you select the number of bars that the indicator will base backwards on. For example, if length=100, the indicator determines the upper and lower bands according to the distances from the highest and lowest values ??within 100 bar. so the length part works like donchian channels.
You can change the transparency ratio of the colors in the "transp" section.
1 saat transp
yan trend
4 saat
Q-TrendQ-Trend is an multipurpose indicatorm that can be used for swing- and trend-trading equally on any timeframe (non-volatile markets are better for this thing).
Settings:
Trend period - used to calculate trend line in the special moments(will explain below);
ATR Multiplier - changes sensitivity. The higher the multiplier = the more sensitive it is.
Also option to smooth source data (helps get cleaner signals, as always).
How to use?
Signals are given on the chart. Also ou can use trend line as S/R line.
The idea behind:
Terms:
SRС = Source
TL = trend line;
MP = ATR multiplier;
ATR = ATR :)
TL = (highest of source P-bars back + lowest of source P-bars back) / 2
Epsilon = MP * ATR
I was thinking for a week about combining volatility and relation between highest and lowest price point. That why I called indicator Q-Trend = Quantitative Trend , as I was trying to think about price in a mathematical way.
Okay, time to go philosophical:
1) TL is shows good price trend, but as it is slow enough and not enough informative, we need add additional conditions to produce signals.
2) Okay, so what can we add as conditions? We need to take volatility into account, as it is crucial in the moments of market uncertainty. So let's use ATR (Average True Range) somehow. My idea is that if SRC breaks TL + ATR , then it means that there will be upmove and we update our TL . Analogically for SRC breaking TL - ATR (breaks are crosses of TL +- ATR lines) .
Conclusion:
- if SRC breaks TL + ATR , it is a BUY signal and update of trend line;
- if SRC breaks TL - ATR , it is a SELL signal and update of trend line;
I think that such indicator already exisits on TradingView, as I've already saw something similar, but long ago, so please don't report, if such thing already exists.
But if not, then I hope, that you will gain some profits with Q-Trend :)
I will continue my work on this thing, so stay tuned.
Trade with your own risks and have your profits!
Wish you all the best!
- Tarasenko Fyodor
Fisher Transform [Loxx]The Fisher Transform is a technical indicator created by John F. Ehlers that converts prices into a Gaussian normal distribution. The indicator highlights when prices have moved to an extreme, based on recent prices. This may help in spotting turning points in the price of an asset.
What's different between this and regular Fisher Transform?
This version of Fisher Transform morphs the original Fisher Transform concept into a high-powered trading tool that works for all asset classes and all timeframes. There are 1000s of potential combinations of signal output between source selection and filtering preferences. Additional sources, volatility types, and moving averages will be added over time in future releases.
Sources
Loxx's Expanded Source Types enabling ~100 variations of source input including all Heikin Ashi and Better Heikin Ashi types. See here for more information here:
Signals
Initial Long "L": Zero-line or trigger/signal cross-up
Initial Short "L": Zero-line cross-down or trigger/signal cross-down
Continuation Long "CL": When price is in uptrend, cross-up trigger over signal
Continuation Short "CS": When price is in downtrend, cross-down trigger under signal
Post Baseline Cross Long "BL": When trigger and signal cross-up over zero-line but Baseline is still in downtrend, then if Baseline finally turns to uptrend within XX bars, then long
Post Baseline Cross Short "BS": When trigger and signal cross-down under zero-line but Baseline is still in uptrend, then if Baseline finally turns to downtrend within XX bars, then short
Long Exit "LX": When trigger is over XX boundary and trigger crosses down signal
Short Exit "SX": When trigger is under XX boundary and trigger crosses up signal
Filters
Baseline filter
41 Different moving averages to choose from including moving averages including Loxx's Moving Averages. See here for more information on included moving averages:
If the Baseline filter is turned on, the Post Baseline Cross signals are activated. For all Baseline types, the trigger is close, the signal is the moving average. If the trigger is above the signal, price is in an uptrend, if trigger is below the signal, price is in a downtrend. When this selected, the trend of the baseline must match the trend of the Fisher Transform for the signal to be valid.
Volatility filter
Volatility : If price crosses the baseline, we check to see how far it has moved in terms of multiples of volatility denoted in price ( volatility in price x multiple). If price has moved by at least "Qualifier multiplier" and less than "Range Multiplier", then, assuming other factors align in one direction, then a signal is printed
Volatility Types
v1.0 Included Volatility
Average True Range (ATR)
True Range Double (TRD)
Alerts
Includes alerts for all signal types listed above
UI Options
5 color schemes
5 trend coloring schemes
Ability to turn signals on/off
Fisher Transform Backtest
ATR - Average True Range + Dynamic Trend w/ Signals | by Octopu$↕ ATR - Average True Range + Dynamic Trend w/ Signals | by Octopu$
What is ATR?
ATR stands for Average True Range
A Technical Analysis Indicator that measures market volatility by decomposing the range of a Security Price in a specific period.
The ATR can be used as a High Low Spectrum,
As well as a variation of a Moving Average, considering the ranges on a timeframe, generally this being 14 days.
Shorter periods can be used (will generate more signals) or longer periods for steadier trends (for fewer signals)
A ticker on a high volatility has a high ATR.
A ticker on a low volatility has a low ATR.
It is an useful resource for a trading system:
Can be used to enter or exit trades and/or also measure the daily spectrum of a stock.
Does not necessarily points price direction, but takes into account gaps and strong legs.
Can also be used as trading positions confirmation,
Rather be it for stop losses or take profits,
As well as setting trailing stops or limit orders.
This tool offers a great Risk to Reward Ratio, considering the fact you will be aware of the possible moves that an asset can perform.
This indicator should not be used as a standalone tool.
(The combination of factors relies on your own knowledge about Confluence Factors along with your Due Diligence)
This indicator is not an advice to buy or sell securities.
www.tradingview.com
SPY
ANY Ticker. ANY Timeframe.
(Used SPY 5m as Example only)
Features:
• ATR ( Average True Range )
• Range UP and DOWN
• Movement from Price Line
• Dynamic ATR
• Cross/Test Signals
• Live and Last Close
Options:
• Specific Factors Setup
• Length Customization
• Toggle On/Off
• Color PIcker
• Styling Options
Notes:
v1.0
Indicator release.
Changes and updates can come in the future for additional functionalities or per requests. Follow and Stay Tuned!
Did you like it? Please Support and Shoot me a message! I'd appreciate if you dropped by to say thanks! Thank you.
- Octopu$
🐙
Moving Grid Trader - With AlertsThis script used a grid system that is set when a "buy" signal is sent to generate profits inside of a range. This script used macd to weed out bad buys and then sells once the price either reaches the grid - or hits the stoploss. This works best in bullish and ranging markets.
TMO ArrowsTMO - (T)rue (M)omentum (O)scillator) MTF Arrows
Do you want to use TMO but you lack space on the chart? This study is just for you. This is the more user-friendly version of the TMO Oscillator. In terms of the indicator there are no changes except the indicator is converted in to the simple arrows.
There are Four Types of Arrows:
1. TMO Arrow Up - Visualizes the TMO bullish crosses.
2. TMO Arrow Down - Visualizes the TMO bearish crosses.
3. TMO Arrow Up (Oversolds Only) - Visualizes only the bullish crosses that are at or below the oversold zone.
4. TMO Arrow Down (Overboughts Only) - Visualizes only the bearish crosses that are at or above the overbought zone.
In case you only want the arrows for extremes, turn off the Arrow Up / Arrow Down first. Arrows for extremes only are turned off by default.
Hope it helps.
B4Signals Ichimoku Premium Addon ShoyūThis indicator is based on "Ichimoku" with additional and useful features. It is designed to complement B4Signals Ichimoku as an add-on.
FEATURES
The indicator is mainly divided into 5 parts:
* Future Tenkan-sen, Kijun-sen & Kumo Lines: Tenkan-sen next 5 days projection, Kijun-sen next 10 days, Senko Span A next 5 days and Senko Span B next 14 days will be displayed to increase depth of your analysis and help forecast price movements.
* QualityLine + DirectionLine for determining beginning and end of trend as well as a visual to spot Kijun bounces and crosses.
* 9 /26 Tenke-sen/Kijun-sen pullback detection lines, “KISS Lines”, for better entries on pullbacks.
* Flat Kijun-sen signal to determine trend exhaustion and possible reversals.
* Open Space Chikou coloring and confirmation signal for Identifying momentum breakouts and spotting areas of projected consolidation.
* Ichimoku Hosoda Target Price Targets. Simply choose point A,B and C and have 4 Hosoda price targets appear on your chart.
The addition of these features provides traders with a collection of technical metrics capable of outlining directional trend momentum, proposed pullbacks and possible continuations in any financial market. Using multiple plots, this indicator plots a forecast where the Han-ne lines might travel in the future. The Direction line gives you a clear perspective of price in relation to the Kijun. While the Quality Line gauges the health or quality of the Kumo, helping determine entries and exits, while confirming pullbacks and areas of consolidation. The “KISS Lines” help identify Tenken-sen / Kijun-sen 9/26 pullbacks and the Kijun Flat alert signals you when trend exhaustion is identified by a flat Kijun-sen.
Another significant aspect of this indicator is that it identifies the Chikou Span reaching ‘Open Space' by coloring the Chikou Span's line giving you a signal as well. This can help traders identify the market’s dominant trend (bullish or bearish) and determine an appropriate time to enter/exit active positions.
Disclaimer
Copyright by B4Signals.
The information contained in our scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. We will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
[EDU] Close Open Estimation Signals (COE Signals)EN:
Close Open Estimation ( aka COE ) is a very simple swing-trading indicator based on even simpler idea. This indicator is from my educational series, which means that I just want to share with another way to look at the market in order to broaden your knowledge .
Idea :
Let's take n previous bars and make a sum a of close - open -values of each bar. Knowledgeable of you may already see the similarity to RSI calculation idea . Now let's plot this sum and see what we have now.
We can see, that whenever COE crosses over 0-level, uptrend begins, and if COE crosses under 0-level, downtrend begins. The speed of such signals can be adjusted by changing lookback period: the lower the lookback, the faster signals you get, but high-quality ones can be obtained only via not-so-fast lookback as when the market is consolidating or volatility is to high, there can be many garbage signals, like 95+% of other indicators have.
Let's explore more and calculate volatility of COE(v_coe in the code): current COE - previous CEO .
Now it appears that when v_coe crosses over 0-level, it's a signal, that this is a new low and soon the uptrend will follow. Analogically for crossing under 0-level .
I guess now you understood what these all are about: COE crossings show global trend signals , while Volatility COE ( v_coe or VCOE ) crossings show reversal points .
For signals I further calculated volatility of VCOE(VVCOE) and then volatility of VVCOE(VVVCOE). Why? Because for me they seem to be more accurate, but you are welcome to experiment and figure best setups for yourself and by yourself, I just share my opinion and experience .
COE can be helpful only in high liquidity markets with good trend or wide sideways .
If you want to experiment with COE, just copy the code and play with it. Curious of you will probably find it helpful eventhough the idea is way too simple.
By it's perfomance COE can probably beat QQE at open price settings.
(use open of the price at indicator to get zero repaint! )
Examples :
If you any questions, feel free to DM me or leave comments.
Good luck and take your profits!
- Fyodor Tarasenko
RU:
Close Open Estimation ( aka COE ) — это очень простой индикатор свинг-трейдинга, основанный на еще более простой идее. Этот индикатор из моей образовательной серии, а это значит, что я просто хочу поделиться с другим взглядом на рынок , чтобы расширить ваши знания .
Идея :
Возьмем n предыдущих баров и составим сумму a из close - open -значений каждого бара. Знающие люди могут уже заметить сходство с идеей расчета RSI . Теперь давайте построим эту сумму и посмотрим, что у нас сейчас есть.
Мы видим, что всякий раз, когда COE пересекает выше 0-уровня, начинается восходящий тренд , а если COE пересекает ниже 0-уровня, начинается нисходящий тренд. Скорость таких сигналов можно регулировать изменением ретроспективы: чем меньше ретроспектива, тем быстрее вы получаете сигналы, но качественные можно получить только через не- такой быстрый взгляд назад, как когда рынок консолидируется или волатильность слишком высока, может быть много мусорных сигналов, как у 95+% других индикаторов.
Давайте рассмотрим больше и рассчитаем волатильность COE(v_coe в коде): текущий COE - предыдущий CEO .
Теперь кажется, что когда v_coe пересекает уровень 0, это сигнал о том, что это новый минимум и вскоре последует восходящий тренд . Аналогично для пересечения под 0-уровнем .
Думаю, теперь вы поняли, о чем все это: COE пересечения показывают глобальные сигналы тренда , а пересечения Volatility COE ( v_coe или VCOE ) показывают точки разворота .
Для сигналов я дополнительно рассчитал волатильность VCOE(VVCOE), а затем волатильность VVCOE(VVVCOE). Почему? Потому что для меня они кажутся более точными, но вы можете поэкспериментировать и подобрать оптимальные настройки для себя и для себя, я просто делюсь своим мнением и опытом .
COE может быть полезен только на рынках с высокой ликвидностью и хорошим трендом или широким боковиком .
Если вы хотите поэкспериментировать с COE, просто скопируйте код и поэкспериментируйте с ним. Любознательные из вас, вероятно, сочтут это полезным, хотя идея слишком проста.
По своей результативности СОЕ может составить конкуренцию широко известному QQE, используя open цены.
(используйте open цены на индикаторе, чтобы получить нулевую перерисовку! )
Примеры :
Если у вас есть вопросы, пишите мне в личные сообщения или оставляйте комментарии.
Удачи и профита всем!
- Федор Тарасенко
MTFT Actionable Signal Targets, TheStrat Suite (4of5)Multi Time Frame Tools
Multi Time Frame Tools (MTFT) is a suite of scripts aimed to establish a standard timeframe-based color scheme. This can be utilized to overlay different timeframes calculations/values over a single timeframe. As one example, this would allow to observe the 5-month moving average, 5-week moving average, and 5-day moving average overlaid over each other. This would allow to study a chart, get accustomed to the color scheme and study all these at the same time much easier.
All indicators calculated using the below specific timeframes as input, will always use the color scheme outlined below. This is to get you in habit of recognizing the different timeframes overlaid in top of each other. These can be personalized.
Longer TF analysis.
Yearly - Black
Semi-Annual - Yellow
Quarterly - White
Monthly - Maroon
Weekly - Royal Blue
Daily - Lime
Shorter TF analysis.
4 hour - Fuchsia
1 hour - Orange
30 min - Red
15 min - Brown
10 min - Purple
5 min - Lilac
All color coordination is able to be modified in either the “Inputs” or “Style” section. If you need to make changes, make sure to select “Save as Default” on the bottom right of the settings menu.
Recommended Chart Color Layout
I played around with color coordination a lot. The final product was what worked best for me. I personally use the following chart settings to accent all available TF colors.
-> Click on the settings wheel on your chart. -> Click on “Appearance”.
Background - Solid -> On the top row pick the 6th color from the left.
Vert Grid Lines and Horz Grid Lines -> On the top row pick the 7th color from the left.
You may of course change these and the indicator line colors as you like.
Adding indicator to Chart
-> Open the TradingView “Indicators & Strategies” library, the icon has “ƒx”. -> All premium scripts will be located under “Invite-Only Scripts” -> Click indicator to add to your chart.
MTFT TheStrat Suite (5 Scripts)
Rob Smith is the creator of ‘TheStrat’ trading strategy. For ‘TheStrat’ I have put together a suite of 5 premium scripts that combined will offer people interested in learning ‘TheStrat’ a cleaner learning process. For 2 of the 5 scripts specifically, the MTFT approach of overlaying multiple longer timeframes(TF) over a shorter TF selected as a display cannot be utilized. The other 2 scripts will have full MTFT functionality and they are my personal favorite. I will be providing very basic info to utilize this script; it is up to you to dive deep into learning this strategy. I am not an expert with the tool or a financial advisor. As with all aspects of life, I recommend you research, learn, discern and practice extensively in order to become a master.
1. MTFT Patterns Pro/Noob
2. MTFT Full Time Frame Continuity Table
3. MTFT Last HML wOpen
*4. MTFT Actionable Signal Targets
5. MTFT Reversal Lines
MTFT Actionable Signal Targets, TheStrat Suite (4of5)
Plots the previous highs/lows for the selected timeframe. Will not plot the high/low for a candlestick that is still active/open. You will have to manually Enable/Disable the high/low depending on the type of actionable signal that you are observing. Previous high/low lines will start from the near exact time that it opened so you can see exactly from what previous candlestick you are tracking each target.
Features includes:
1. Six Different Timeframes per script instance. Example below shows a weekly timeframe selected with a Shooting Star as the actionable signal that is being considered along with the past 3 lows for the Week timeframe being enabled. These would be your targets if you were to enter this SHORT trade. Keep in mind that every new week that opens the script will update to the newest 3 lows so if you are still inside a trade you might have to increase the number of past lines in order to keep an eye on the original targets. Which is why I selected 3 in this example, even if there is only 2 targets in mind.
The script will allow you to observe how price moves after an actionable signal is triggered and as it approaches the targets on smaller timeframes. Here is the setup from above on a daily timeframe selected showing how priced moved to the targets. This is all based on Robs teachings, but broken down to better grasp how price moves between pivots.
2. 20 different TF to pick from per slot. Timeframes(TF) include: Yearly(Y), Semi-annually(S), Quarterly(Q), Monthly(M), 2-Week(2W), Weekly(W), 3-Day(3D), Daily(D), 12 hour, 8 hour, 6 hour, 4 hour, 3 hour, 2 hour, 1 hour, 30 min, 15 min, 10 min, 5 min. NOTICE: 2W, 3D, 2D, 12h, 8h, 6h, 3h, and 2h don’t have a supported color scheme as I do not personally use them. They are available to pick from in the timeframe selection and you can set a color for these timeframes under the “Unsupported Color Scheme” section in the settings menu for the script if you would like to use them.
3. Show exact price at the pivots. Since drawing lines vs plots doesn’t show the value in the price bar on the right side this setting will show the value of the targets. Image below shows an example of how this looks.
4. Auto-hide timeframes based on specific timeframes selected. For this script, I look for timeframes smaller than the selected timeframe and auto hide these. This applies to all timeframes. For example, in the above Weekly Shooting Star example. If I were to select the monthly timeframe it would hide this timeframe selected so would not show the weekly targets. In the higher timeframes these targets are irrelevant.
IMPORTANT NOTE: One of the lessons I would consider most important in attaining clarity regarding trading, is “TheStrat” by Rob Smith. His lesson on “actionable signals” is something that can be applied to any strategy. For this reason, I am including “MTFT TheStrat Patterns Pro” script in all images that will depict confluence for a better trade selection.
Example using TheStrat Pro MTFT with this indicator.
Look for a “TheStrat actionable signal” or a “TheStrat Reversal signal” on a smaller timeframe that has an instance of this indicator on a larger timeframe calculation that is in range of the candlestick that formed your actionable signal. This means that the indicators plot you are observing must be above the low and below the high of the candlestick that is the actionable signal/reversal signal. Image below shows what this would look like with this indicator.
The Image below shows what this would look like with this indicator. The selected timeframe is the Weekly, it shows an ‘S’ char above which is an indication of a Shooting Star Actionable signal and the low from 4 months ago in range showing some potential resistance. This actionable signal is meant to be played for SHORTS. If the low is breached than you would enter a short. For targets you would look at the previous pivots, for this example all targets were hit. This wont always play out so nice and clean, but given that there is so many stocks and so many signals this is just a thought to improve the quality of the signal as it has extra confluence.
MTFT Full Time Frame Continuity Table TheStrat Suite(2of5)Multi Time Frame Tools
Multi Time Frame Tools (MTFT) is a suite of scripts aimed to establish a standard timeframe-based color scheme. This can be utilized to overlay different timeframes calculations/values over a single timeframe. As one example, this would allow to observe the 5-month moving average, 5-week moving average, and 5-day moving average overlaid over each other. This would allow to study a chart, get accustomed to the color scheme and study all these at the same time much easier.
All indicators calculated using the below specific timeframes as input, will always use the color scheme outlined below. This is to get you in habit of recognizing the different timeframes overlaid in top of each other. These can be personalized.
Longer TF analysis.
Yearly - Black
Semi-Annual - Yellow
Quarterly - White
Monthly - Maroon
Weekly - Royal Blue
Daily - Lime
Shorter TF analysis.
4 hour - Fuchsia
1 hour - Orange
30 min - Red
15 min - Brown
10 min - Purple
5 min - Lilac
All color coordination is able to be modified in either the “Inputs” or “Style” section. If you need to make changes, make sure to select “Save as Default” on the bottom right of the settings menu.
Recommended Chart Color Layout
I played around with color coordination a lot. The final product was what worked best for me. I personally use the following chart settings to accent all available TF colors.
-> Click on the settings wheel on your chart. -> Click on “Appearance”.
Background - Solid -> On the top row pick the 6th color from the left.
Vert Grid Lines and Horz Grid Lines -> On the top row pick the 7th color from the left.
You may of course change these and the indicator line colors as you like.
Adding indicator to Chart
-> Open the TradingView “Indicators & Strategies” library, the icon has “ƒx”. -> All premium scripts will be located under “Invite-Only Scripts” -> Click indicator to add to your chart.
MTFT TheStrat Suite (5 Scripts)
Rob Smith is the creator of ‘TheStrat’ trading strategy. For ‘TheStrat’ I have put together a suite of 5 premium scripts that combined will offer people interested in learning ‘TheStrat’ a cleaner learning process. For 2 of the 5 scripts specifically, the MTFT approach of overlaying multiple longer timeframes(TF) over a shorter TF selected as a display cannot be utilized. The other 2 scripts will have full MTFT functionality and they are my personal favorite. I will be providing very basic info to utilize this script; it is up to you to dive deep into learning this strategy. I am not an expert with the tool or a financial advisor. As with all aspects of life, I recommend you research, learn, discern and practice extensively in order to become a master.
1. MTFT Patterns Pro/Noob
*2. MTFT Full Time Frame Continuity Table
3. MTFT Last HML wOpen
4. MTFT Actionable Signal Targets
5. MTFT Reversal Lines
MTFT Full Time Frame Continuity Table, TheStrat Suite (2of5)
Full timeframe continuity observes what direction different timeframes are pointed at, red or green. This gives you a bias when evaluating a trade. Image below shows 3 instances of the script to outline the max capacity of the script.
Features includes:
1. Four user selected TFs, with 20 different TF to pick from per script instance. Timeframes(TF) include: Yearly(Y), Semi-annually(S), Quarterly(Q), Monthly(M), 2-Week(2W), Weekly(W), 3-Day(3D), Daily(D), 12 hour, 8 hour, 6 hour, 4 hour, 3 hour, 2 hour, 1 hour, 30 min, 15 min, 10 min, 5 min. The first row on the table cell will show the text for the selected timeframe.
2. Color text Green/Red timeframe based on candlestick status for the selected timeframe. Entire Table Cell text will be colored in this color. These can be customized to user preference.
3. Absolute Truth for most recently closed candlestick, plus the active candlestick. This will be displayed in the second row of the table cell. The value inside the brackets ‘ ’ is used for the previous closed candlestick. The value outside the brackets is for the active candlestick.
4. Label pattern if it’s “in force” or not. This only applies for the active candlestick absolute truth value. Note, ‘i’ means the absolute truth is in force. ‘x’ means the absolute truth is not in force.
5. Actionable Signal indication at bottom. If there is an inside candlestick, a hammer or a shooter, the script will display , , and respectively at the bottom on the third row.
6. Auto-hide Lower Timeframes. When the table cell value is smaller than the selected timeframe this timeframe will be hidden. This is done because their will be errors in calculations.
7. Customizable Table Cell Width for use in the different platforms, desktop/mobile. For desktop I use the setting.
IMPORTANT NOTE for TradingView admin: One of the lessons I would consider most important in attaining clarity regarding trading, is “TheStrat” by Rob Smith. His lesson on “actionable signals” is something that can be applied to any strategy. For this reason, I am including “MTFT TheStrat Patterns Pro” script in all images that will depict confluence for a better trade selection.
Example using TheStrat Pro MTFT with this indicator.
Look for a “TheStrat actionable signal” or a “TheStrat Reversal signal” along with this indicator showing several other larger timeframes Red/Green depending on the direction of the actionable signal.
The Image below shows what this would look like with this indicator. The selected candlestick is the Week, it shows a confirmed closed Shooting Star Actionable signal and below the table shows that the Current Week(W), Month(M), Quarter(Q), and Year(Y) are all Red. This actionable signal would be played for SHORTS. If the low is breached than you would enter a short. For targets you would look at the previous pivots, for this example all targets were hit. This wont always play out so nice and clean, but given that there is so many stocks and so many signals this is just a thought to improve the quality of the signal as it has extra confluence.
MTFT Patterns Noob, TheStrat Suite (1of5)Multi Time Frame Tools
Multi Time Frame Tools (MTFT) is a suite of scripts aimed to establish a standard timeframe-based color scheme. This can be utilized to overlay different timeframes calculations/values over a single timeframe. As one example, this would allow to observe the 5-month moving average, 5-week moving average, and 5-day moving average overlaid over each other. This would allow to study a chart, get accustomed to the color scheme and study all these at the same time much easier.
All indicators calculated using the below specific timeframes as input, will always use the color scheme outlined below. This is to get you in habit of recognizing the different timeframes overlaid in top of each other. These can be personalized.
Longer TF analysis.
Yearly - Black
Semi-Annual - Yellow
Quarterly - White
Monthly - Maroon
Weekly - Royal Blue
Daily - Lime
Shorter TF analysis.
4 hour - Fuchsia
1 hour - Orange
30 min - Red
15 min - Brown
10 min - Purple
5 min - Lilac
All color coordination is able to be modified in either the “Inputs” or “Style” section. If you need to make changes, make sure to select “Save as Default” on the bottom right of the settings menu.
Recommended Chart Color Layout
I played around with color coordination a lot. The final product was what worked best for me. I personally use the following chart settings to accent all available TF colors.
-> Click on the settings wheel on your chart. -> Click on “Appearance”.
Background - Solid -> On the top row pick the 6th color from the left.
Vert Grid Lines and Horz Grid Lines -> On the top row pick the 7th color from the left.
You may of course change these and the indicator line colors as you like.
Adding indicator to Chart
-> Open the TradingView “Indicators & Strategies” library, the icon has “ƒx”. -> All premium scripts will be located under “Invite-Only Scripts” -> Click indicator to add to your chart.
MTFT TheStrat Suite (5 Scripts)
Rob Smith is the creator of ‘TheStrat’ trading strategy. For ‘TheStrat’ I have put together a suite of 5 premium scripts that combined will offer people interested in learning ‘TheStrat’ a cleaner learning process. For 2 of the 5 scripts specifically, the MTFT approach of overlaying multiple longer timeframes(TF) over a shorter TF selected as a display cannot be utilized. The other 2 scripts will have full MTFT functionality and they are my personal favorite. I will be providing very basic info to utilize this script; it is up to you to dive deep into learning this strategy. I am not an expert with the tool or a financial advisor. As with all aspects of life, I recommend you research, learn, discern and practice extensively in order to become a master.
*1. MTFT Patterns Pro/Noob
2. MTFT Full Time Frame Continuity Table
3. MTFT Last HML wOpen
4. MTFT Actionable Signal Targets
5. MTFT Reversal Lines
MTFT Patterns Pro/Noob, TheStrat Suite (1of5)
Features includes:
1.) Absolute Truth #. This setting will provide the candlesticks absolute truth # below the CS.
2.) Color bars based on Absolute Truth. This setting will color all inside candlesticks yellow, all Green Outside Candlesticks White and all Red Outside Candlesticks Fuchsia. Scenario 2 candlesticks are left as is and will color based on the color of the original candlestick. This setting is default enabled and needs to be disabled in the “Style” tab under the indicator settings wheel. I found this more practical in getting used to the 3 absolute truth scenarios.
3.) Reversals. This setting will mark when reversal patterns as discussed by Rob are posted. Noob version will also include the description of the reversal pattern, while the Pro version will only plot an ‘R’ without the text description. Note: There should never be back-to-back green Rs or red Rs. I found this issue a lot on many of the other ‘TheStrat’ scripts out there. TradingView development team note: The plotchar function does not allow dynamic text so this is the only reason on why there needs to be two separate versions of the script. ‘Pro’ is important for experienced users that already identify the patterns without the text and ‘Noob’ is important for beginner users that still need the text description of the pattern.
4. Continuations. This setting will mark when continuation patterns as discussed by Rob are posted. Noob version will also include the description of the continuation pattern, while the Pro version will only plot a ‘C’ without the text description.
TradingView Admin note: The plotchar function does not allow dynamic text so this is the only reason why there needs to be two separate versions of the script. ‘Pro’ is important for experienced users that already identify the patterns without the text and ‘Noob’ is important for beginner users that still need the text description of the pattern.
5. Actionable Signals and Complex Actionable Signals (CAS). This has several objective parameters as defined by Rob’s course. ‘Complex Actionable Signals’ is a name I used when speaking of actionable signals that require a combination of 2 or more candlesticks.
Actionable Signals.
• All inside candlesticks(Absolute Truth #1)
• Hammers
• Shooting Stars
Complex Actionable Signals.
• (Absolute Truth Combo 1-3-1 )Inside Outside Inside
• Outside -> Hammer
• Outside -> Shooting Star
• Inside -> Hammer
• Inside -> Shooting Star
• Momentum Inside
• Momentum Hammer
• Momentum Shooting Star
• Hammer -> Shooting Star
• Shooting Star -> Hammer
5a. Example CAS 1-3G-1. I am including only one example of several of the CAS that are included in this script. The star is utilized for all CAS, the color and location designate the direction that the CAS would have you act on. Note the “Entry” and “Target” line were added manually and are not part of the script. This is one successful setup; don’t get excited thinking this is how it always works. I will let you discover and learn for yourself that there is many failed setups and many setups that never trigger the actionable signal. This is where setting alerts is very handy.
6. Alerts. Press on the “Create Alert” Icon for TradingView. When the prompt opens select the preferred script either “TheStrat Pro” or “TheStrat Noob” under “Condition” and then under the sub-menu select any of the following scenarios.
• C ▲/ ▼ = If the active CS shows a continuation up/down pattern, remember this CS is active and can still change direction and trigger a reversal in the other direction.
• R ▲/▼ = If the active CS shows a reversal up/down pattern, remember this CS is active and can still change direction and trigger a continuation in the previous trend direction.
• HM Trigger(Last High Cross) = Alert when the active CS breaks the high of the previous CS. As a new CS opens, it re-adjusts its values and is just constantly waiting for the active CS break through the previous CS high.
• SS Trigger(Last Low Cross) = Alert when the active CS breaks the low of the previous CS. As a new CS opens, it re-adjusts its values and is just constantly waiting for the active CS break through the previous CS low.
• Inside Trigger (Last High/Low Cross) = Alert when the active CS breaks the low or the high of the previous CS. As a new CS opens, it re-adjusts its values and is just constantly waiting for the active CS break through either the previous CS low or the high.
• Last CS Inside
• Last CS H
• Last CS S
• Last CS Actionable Signal (inside, H or S)
• Last CS Complex Actionable Signal
• Last CS Any Actionable Signal
