The Bullish Engulfing pattern occurs when the close is higher than the open, and scripts will look for this pattern by checking the difference in the close and open prices sufficiently in pips. Likewise, the Bearish Engulfing pattern occurs when the close is lower than the open, and scripts will look for this pattern by checking for sufficient difference in the...
This indicator helps traders set stop loss and take profit levels based on either ATR or High-Low range. The indicator calculates stop loss and take profit levels for both long and short positions, based on the user's input of ATR length, ATR smoothing method, and multiplier levels for each level. It’s possible to set 3 levels of take profit, for both long and...
This indicator allows you to use any other indicator from the TradingView library and create complex entry and exit conditions with ease thanks to several external inputs. Add risk management to your strategy and backtest it before creating alerts! Key Features: 1 — Entry Conditions: Traders can define their entry conditions using up to three sources. They can...
This indicator enables interactive placement of limit or stop-limit orders with a trailing ATR stop-loss and optional profit target (with alerts). Refer to the images below for further clarification. Why use a trailing stop-loss? A trailing stop-loss serves as an exit strategy when price moves against you, while also allowing you to adjust the exit point...
We created a small script that will allow you to have a quick look into static SL/PT to choose from. This might save you time, replacing the manual search for optimal SL/PT. We're checking signals of the strategy and computing its performance with a grid of SL/PT selected. We used SuperTrend signals in this example, but it will be straightforward to integrate...
It is known that direction of trend detected with the MACD indicator is estimated according to the ascending or descending direction of the histogram. The histogram in turn depends on the value of the difference between the MACD line and the signal line. So, to consider that the histogram maintains a trend, it is necessary that the current value of the histogram...
The script is an advanced technical analysis tool specifically designed for trading in financial markets, with a particular focus on the BankNifty market. It utilizes two powerful indicators: the Fractal Adaptive Moving Average (FRAMA) and the CPMA (Conceptive Price Moving Average), which is similar to the well-known Chande Momentum Oscillator (CMO) with Center of...
Acknowledgement This indicator is dedicated to my friend Alexandru who saved me from one of these liquidation raids which almost liquidated me. Alexandru is one of the best scalpers out there and he always nails his entries at the tip of these wicks. This inspired me to create this indicator. What's a Liquidation Wick? It's that fast stop-hunting wick that...
This is a simple tool designed to help you visualize your stop loss and take profit levels before entering a trade. The tool plots two lines on the chart - a green dotted line for take profit and a red dotted line for stop loss (similar to the price line) - with a simulated default spread of one pip factored in. The indicator has the option to toggle between long...
Diddly Liquidity Zones is an indicator to highlight where the liquidity exists in a market place. What is Liquidity Liquidity refers to the ability of an asset to be turned into cash. Cash is the more liquid form of any asset, whereas selling a house would take a little longer to liquidate and convert to cash. Liquidity in financial markets is in essence...
The three-day rolling pivot is another pivot concept, which may be used by intermediate positions, for several days or even weeks. It can be utilized in many ways, such as to determine an entry point or trailing stop. As the name suggests, this pivot is based on the last three days. I learned this concept of the book "The logical Trader" by Mark Fisher. Kudos...
Commission-aware Trade Labels Description: This library provides an easy way to visualize take-profit and stop-loss levels on your chart, taking into account trading commissions. The library calculates and displays the net profit or loss, along with other useful information such as risk/reward ratio, shares, and position size. Features: Configurable...
Display variations in min-max and median values of high, low and close across exchanges. It's a kind of realized volatility indicator, as the idea is that in times of high volatility (high emotions, fear, uncertainty), it's more likely that market inefficiencies will appear for the same asset between different market makers, ie, the price can temporarily differ a...
Acknowledgement This indicator is dedicated to my friend Alexandru who saved me from one of these scam cuck wicks which almost liquidated me. Alexandru is one of the best scalpers out there and he always nails his entries at the tip of these wicks. This inspired me to create this indicator. What's a cuck wick? It's that fast stop-hunting wick that cucks...
The VWAP Stop Loss indicator is a technical analysis tool that helps traders determine where to set their stop loss levels based on the Volume-Weighted Average Price ( VWAP ). This indicator calculates the VWAP based on a specified length and multiplies it by a factor, which helps determine the distance for the stop loss levels. When using this indicator, the...
Use for setting StopLoss on Intraday Shorting: Use the red line Long: Use the green line
Shorter version: As the title states, this is a 'Trailing Stop' type indicator, albeit one with a whole bunch of additional functionality, making it far more versatile and customisable than a standard trailing stop. The main set of features includes: Three independent trailing types each with their own +/- multipliers: - Standard % change - ATR (aka...
This stoploss allows to filter high volatility fake trends; But how we are made it; we are calculating the last spikes value average and calculating the standart deviation, after we added to the standart stoploss formula price+2atr and voila!! Your stop loss is ready. The idea behind this formula: what is explosing our stops? fake-out spikes. We think if we get...