Trend Sentiment Overlay (TSO) - NR - 1-4-25Trend Sentiment Overlay (TSO) Indicator
Overview
The Trend Sentiment Overlay (TSO) Indicator is a sophisticated trading tool developed using Pine Script v5 for the TradingView platform. Designed to provide comprehensive market sentiment analysis, the TSO Indicator amalgamates signals from multiple advanced technical analysis modules to generate a unified sentiment score. This sentiment score is visually represented on the chart through color-coded markers, offering traders a clear and intuitive understanding of prevailing market conditions.
Key Features
Comprehensive Sentiment Analysis: Integrates various technical indicators to assess market strength and direction.
Color-Coded Visualization: Displays sentiment scores with distinct colors, facilitating quick decision-making.
Modular Design: Comprises multiple independent modules, each contributing unique insights to the overall sentiment.
Optimized Performance: Streamlined code ensures efficient execution without compromising functionality.
Indicator Components
The TSO Indicator is composed of several interconnected modules, each analyzing different aspects of market behavior. Below is a detailed explanation of each component and its role in determining the overall market sentiment.
1. Hirashima Sugita R/S (HSRS) Module
The HSRS module focuses on identifying significant support and resistance levels by analyzing long-term price trends. By calculating deviations from a long-term exponential moving average (EMA), this module detects when the price is experiencing sustained upward or downward pressure. This information helps in assessing the overall market momentum and potential reversal points.
2. Laguerre Filter (LagF) Module
The Laguerre Filter smooths out price data to highlight underlying trends while minimizing market noise. This filter aids in discerning the true direction of the market by reducing short-term fluctuations, thereby providing a clearer signal of bullish or bearish trends.
3. Super AO (SAO) Module
A combination of SuperTrend (S) and Awesome Osilcator (AO) - Sorry Sword Art fans :/
The "Super-AO" Pine Script module by Hockeydude84 integrates the Awesome Oscillator (AO) and SuperTrend indicators to generate trading signals. It begins by calculating the AO as the difference between two simple moving averages of the closing price, using user-defined fast and slow lengths, and then smooths this value with an exponential moving average. The script determines whether the AO is rising or falling based on the smoothed AO. Concurrently, the SuperTrend component is computed using the Average True Range (ATR) with specified periods and multipliers to establish dynamic support and resistance levels, identifying the current trend as bullish or bearish. The module further smooths the SuperTrend lines and assesses their directional movement. Finally, it combines the AO and SuperTrend signals: a bullish signal is generated when the AO is positive and rising while the SuperTrend indicates an uptrend, and a bearish signal occurs when the AO is negative and falling with a downtrend indicated by the SuperTrend. This synergistic approach aims to enhance the accuracy of buy and sell signals by leveraging the strengths of both indicators.
4. Kijun Sen Bollinger Bands (KJBB) Module
This module combines the Kijun Sen line from Ichimoku Kinko Hyo with Bollinger Bands to assess market volatility and trend strength. By comparing the current price to dynamically calculated upper and lower bands around the Kijun Sen, the KJBB module generates signals indicating whether the market is overextended or within a stable trading range.
5. Super Z Module
The Super Z module is designed to detect significant trend shifts by analyzing price movements in relation to calculated trend lines. It utilizes volatility measures, such as the Average True Range (ATR), to establish dynamic support and resistance levels. Crossovers and crossunders of the price with these trend lines generate buy or sell signals, contributing positively or negatively to the overall sentiment.
6. Linear Regression (LRS) Module
The Linear Regression module employs statistical methods to determine the best-fit line through price data, thereby identifying the underlying trend. By comparing short-term and long-term regression lines, this module assesses the acceleration or deceleration of the trend, providing insights into potential market strength or weakness.
7. MESA Filter Module
The MESA (Maximum Entropy Spectrum Analysis) Filter module utilizes advanced signal processing techniques to analyze price data. It decomposes price movements into in-phase and quadrature components, facilitating the detection of cyclical patterns and trend changes. This module adjusts its sensitivity based on the phase relationship, ensuring responsive and accurate trend signals.
8. Market Thrust Indicator (MTI) Module
The MTI module evaluates market momentum by analyzing the relationship between advancing and declining volumes across different exchanges. By assessing the balance between buying and selling pressures, this indicator gauges the overall market strength, contributing to the sentiment score based on bullish or bearish momentum.
9. Crypto Market Breadth (CMB) Module
The CMB module assesses the breadth of the cryptocurrency market by evaluating the performance of major crypto assets across various exchanges. By calculating the percentage of top cryptocurrencies advancing above their moving averages, this module provides a measure of market participation and strength, influencing the overall sentiment based on widespread market movements.
TSO Final Sentiment Calculation
The TSO Indicator synthesizes signals from all the aforementioned modules to compute a consolidated sentiment score, termed as TSO_Sentiment. Each module contributes either positively or negatively based on its analysis of market conditions. The aggregation of these signals results in a comprehensive sentiment measure that reflects the collective insights of the individual components.
Visualization
The final sentiment score is visualized on the TradingView chart using color-coded square markers positioned at the bottom of the chart. The color of each marker corresponds to the magnitude and direction of the sentiment score:
Red: Extremely bearish sentiment (score ≤ -4)
Orange: Strong bearish sentiment (score between -4 and -3)
Yellow: Moderate bearish sentiment (score between -3 and -2)
Gray: Neutral sentiment (score between -2 and +2)
Olive: Moderate bullish sentiment (score between +2 and +3)
Green: Strong bullish sentiment (score between +3 and +4)
Lime: Extremely bullish sentiment (score > +4)
This color-coded system allows traders to quickly interpret the prevailing market sentiment and make informed trading decisions accordingly.
Usage Instructions
Adding the Indicator:
Open the TradingView platform and navigate to the chart where you wish to apply the TSO Indicator.
Click on the "Indicators" button at the top of the chart.
Search for "Trend Sentiment Overlay - Optimized Module" and add it to your chart.
Interpreting the Signals:
Observe the colored square markers at the bottom of the chart. Their colors represent the current market sentiment based on the aggregated analysis.
Bearish Signals (Red, Orange, Yellow): Indicate increasing selling pressure or weakening market conditions.
Neutral Signals (Gray): Suggest a balanced market with no clear directional bias.
Bullish Signals (Olive, Green, Lime): Reflect increasing buying pressure or strengthening market conditions.
Combining with Other Indicators:
For enhanced trading strategies, consider using the TSO Indicator in conjunction with other technical indicators such as RSI, MACD, or volume-based tools to confirm signals and improve decision-making accuracy.
Conclusion
The Trend Sentiment Overlay (TSO) Indicator is a powerful tool for traders seeking a comprehensive analysis of market sentiment. By integrating multiple advanced technical analysis modules, the TSO Indicator provides a nuanced and multifaceted view of market conditions, enabling informed and strategic trading decisions. Whether navigating bullish trends, bearish downturns, or neutral consolidations, the TSO Indicator equips traders with the insights needed to safeguard their positions and optimize their trading strategies.
Note: As with any trading tool, the TSO Indicator should be used in conjunction with sound risk management practices and other analysis methods. Always test indicators in a simulated environment before applying them to live trading scenarios.
Trend Analizi
Smart PatternsHi Traders, and welcome to Smart Patterns script.
The script is now free for everyone and no longer a paid one. Enjoy!
Patterns can be very profitable, yet hard to trade, even when combined with other indicators and techniques. This script aims to increase the accuracy of signals by adding a statistical approach to candle patterns, along with tools to filter them.
For example, if the Success Rate is above a certain threshold, it means that the pattern has resulted in a higher ratio of profitable trades and hence it has a higher likelihood of succeeding in the current market conditions. However, should that pattern fall below the desired Success Rate, the script will "hide" it and won't trigger a signal, but still keeping track of its performance to start firing it again when coming back above the Success Rate.
Key Features
The script features custom patterns as well as some of TradingView's built-in patterns. Not all patterns can be added of course, but let me know if I missed other interesting ones and I will do my best to add them in future updates.
When a Pattern reaches the Min. Target % within the Candles Range selected, it is then considered valid. Please remember that doesn't take into account possible draw-downs or stop-losses.
Patterns are constantly evaluated inside the script; when a pattern's overall score (Success Rate %) is below the required minimum, the signal won't be triggered. However, the script will keep monitoring it in the background, and trigger a signal again when its score comes back above the minimum Success Rate.
The Patterns' signals can be filtered by Success Rate, Minimum Patterns detected and candle size (calculated via ATR).
The Data Panel will show individual statistics for Enabled Patterns as well as final statistics for Triggered Patterns.
Tooltips in the settings panel will further explain available options.
Alerts: simple alerts can be added by selecting "any alert() function call" when adding an Alert. Customizable alerts can also be created through dropdown menu ( Bullish \ Bearish Patterns Detected).
Fully customizable to adapt to light and dark themes
Notes and Recommendations
Always be realistic when tweaking settings, making sure the output makes sense in a normal trading environment. Statistics are helpful but shouldn't be the only factor to base your decisions on - even if a pattern reaches 100% Success Rate, it doesn't mean it will keep being profitable.
Since the script crunches quite some data it may give output errors especially if settings are not properly tweaked - or if the filters are too liberal (e.g. Min Target % set to 0.1) - hence triggering lots of signals. Please adjust the settings or enable only the Patterns you are trading.
If the script gives the error "Too many drawings, cannot clean oldest" it means your settings give too many signals and that is usually not a good sign - it's recommended to double-check your settings as mentioned above.
Credits
Trading View for built-in patterns
Special thanks go to PineCoders community for their incredible efforts and learning material to help mastering PineScript!
Enhanced Gold Scalping Strategy (Backtest with Time Filter)Enhanced Gold Scalping Strategy (Backtest with Time Filter)
This script is a scalping strategy designed specifically for trading gold on lower timeframes, incorporating popular technical indicators and a session filter for optimal performance. The strategy aims to achieve consistency by combining trend-following and volatility-based conditions.
Key Features:
Indicators Used:
Exponential Moving Average (EMA): Filters trades based on the trend direction using a 50-period EMA.
Relative Strength Index (RSI): Ensures trades are taken in favorable momentum conditions (above 30 for longs and below 70 for shorts).
MACD Crossover: Identifies potential trade entries based on MACD line crossing above/below the signal line.
Average True Range (ATR): Used to dynamically calculate Stop Loss and Take Profit levels and ensure trades occur in high-volatility conditions.
Risk-Reward Optimization:
The strategy uses a customizable Risk-Reward Ratio (default is 2:1) for setting Stop Loss (SL) and Take Profit (TP) levels, ensuring that winning trades outweigh losses.
Volatility Filter:
Trades are only executed when the current ATR exceeds the 14-period ATR moving average by a defined threshold, filtering out low-volatility periods.
Session Filter:
The strategy only trades during active market hours (8:00 AM to 8:00 PM Amsterdam Time) on weekdays. This ensures trades align with periods of high liquidity and market activity.
Dynamic Entry and Exit Levels:
SL and TP levels are plotted dynamically on the chart to provide a clear visual of potential risk and reward for each trade.
Buy and Sell Signals:
Visual markers (green triangles for buy, red triangles for sell) on the chart to highlight entry points for better trade visibility.
How It Works:
Long Conditions:
MACD crossover (MACD line above the signal line).
RSI above 30.
Price is above the 50-period EMA.
ATR-based volatility condition is met.
Trade must occur within the defined session hours.
Short Conditions:
MACD crossunder (MACD line below the signal line).
RSI below 70.
Price is below the 50-period EMA.
ATR-based volatility condition is met.
Trade must occur within the defined session hours.
The strategy calculates dynamic SL and TP levels based on the ATR, ensuring flexibility to market conditions.
Customization Options:
EMA length, RSI length, and MACD parameters.
Risk-Reward Ratio for SL/TP calculations.
Volatility threshold for filtering trades.
Session start and end times for active trading hours.
Recommended Use:
Best suited for scalping gold on lower timeframes (15-min charts).
Disclaimer:
This strategy is intended for educational and backtesting purposes. Past performance is not indicative of future results. Use appropriate risk management and test thoroughly before applying to live trading.
☼ MAH ☾ - High-Low Fractal SignalThis indicator works based on the market fractal and provides signals.
In a specific time interval that can be adjusted in the indicator settings window, the ceiling and floor of this range are determined, and whenever the price leaves this specified range, a buy or sell signal is issued according to the failure of each of these levels.
By looking at the situation, the trader can enter a position by observing all risk and capital management issues if he sees a suitable and powerful candle.
Note 1: To set the appropriate time frame, be sure to set the chart time to UTC+3:30, otherwise you must set the correct time frame in the indicator settings window and apply your time zone difference to it.
Note 2: The appropriate Time frame for this strategy is 5 and 15 minutes.
Note 3: It is better if the breakout candle is strong and has a small opposite shadow, and also if the candle is pulled back to the broken level and then a suitable candle is seen, the probability of this setup being successful increases.
I hope you find this indicator useful and please send me your feedback.
JM-DAILY-H&L-V5Previous Daily Highs and Lows Indicator
This custom indicator highlights the high and low of the previous day, providing crucial reference points for intraday traders. The displayed levels act as key support and resistance zones, helping you gauge potential price reversals or breakouts. While this indicator can be used on multiple timeframes it is especially useful on 4-hour to 1-hour timeframes for intraday trading. By using these levels, traders can refine their entries and exits within the day, identifying price action patterns that align with the prior days market dynamics.
15 Minute Reversal Scalper for BTC and Altcoins (ADR, high/low)Daily and Weekly High/Low, Average Range, Triple Stochastic RSI Overbought/Oversold
This script shows the daily highs/lows and weekly highs/lows. It doesn't attempt to predict the current daily/weekly high and low so those will repaint. Past values (previous day or week) will not change though.
It also plots the Average Range by averaging the last 7/10/14 period. Default is set to Daily (ADR) but can be changed to any timeframe. These will not repaint for the chosen range.
The last element is a triple stochastic overbought/oversold lines. I takes in 3 different stochastic RSI Lengths as well as standard RSI. When they're all overbought or oversold it will plot red or green lines. When any reverses from the overbought/oversold range it will plot a red or green dot. These will repaint but only within the current candle so it's important to wait for the candle close.
I've found this strategy works better in ranging environments and can produce multiple dots in heavy trends. I like to use this on the 15 minute timeframe but can also work on others. When confirming a reversal I'll usually set my stop loss to the top or bottom of the range. I also like to only take signals when above or below the Average Range, unless using them for pullbacks in upward or downward trends. This is meant to be used for scalping so profits should be taken relatively quick, possibly at the nearby support or resistance.
* This script is meant to be used for educational purposes only and is not financial advise. As always, do your own research and backtesting.
Pryme FinancialDieses umfassende TradingView-Skript vereint mehrere professionelle Analysekomponenten in einem einzigen Tool, um Tradern eine vielseitige und verlässliche Entscheidungsbasis zu bieten. Kernstück ist eine adaptive Trendlogik, die mithilfe zweier gleitender Durchschnitte (EMA), eines Volatilitätsfilters und dynamischer Bänder identifiziert, ob sich der Markt in einem Aufwärts- oder Abwärtstrend befindet. Farbliche Markierungen für Kerzen und Hintergrund machen die Marktstimmung schnell erkennbar, während zusätzliche Signale bei Trendwechseln (Long/Short) klare Einstiegs- oder Ausstiegspunkte aufzeigen.
Ergänzend dazu enthält das Skript ein ZigZag-Modul kombiniert mit einer einfachen SMA-Kreuzstrategie, die mögliche Kauf- bzw. Verkaufssituationen verdeutlichen. Das integrierte Volume-Profile-System stellt wichtige Preiszonen wie Point of Control (POC) und Value Area sowie „starke Levels“ übersichtlich im Chart dar. Dadurch lassen sich Bereiche mit besonderer Marktbedeutung rasch erkennen.
Abgerundet wird das Paket durch eine Momentum-Anzeige, die Trends zusätzlich untermauert oder widersprüchliche Signale aufdeckt. Die vielseitigen Anpassungsmöglichkeiten (Farbgebung, Signalhäufigkeit, Hintergrundanzeige) sorgen dafür, dass dieses Skript an nahezu jeden Tradingstil angepasst werden kann. Zusammengefasst bietet „Pryme Financial“ eine ganzheitliche Lösung, um den Markt in Echtzeit zu beobachten, potenzielle Trendwechsel zu erkennen und wichtige Kursbereiche durch Volumenanalysen präzise zu bestimmen.
Daily check EMA CROSSThis strategy uses 2 emas, one slow and one fast, to indentify a trend start, continuation or end. It checks every day, at a certain hour that you can set in the configs, if the fast ema is above or bellow the slow ema to look for trades to enter.
Daily check EMA CROSSThis strategy uses 2 emas, one slow and one fast, to indentify a trend start, continuation or end. It checks every day, at a certain hour that you can set in the configs, if the fast ema is above or bellow the slow ema to look for trades to enter.
Automatic comparison of symbols depending on custom listIn the indicator settings, specify a list of tickers and the corresponding symbol for comparison (e.g. TVC:DXY). Each new list must be on a separate line. The line must begin with the symbol for comparison, then an equal sign (=), and then a list of tickers separated by commas (e.g. OANDA:XAUUSD, OANDA:XAGUSD). If the ticker selected in the chart window is not found in any of the lists, then the symbol from the first list, which is specified before the equal sign, will be used as the symbol for comparison. For example:
TVC:DXY = OANDA:XAUUSD, OANDA:XAGUSD
OANDA:BCOUSD = OANDA:SPX500USD
OANDA:SPX500USD = BINANCE:BTCUSDT
***
Автоматическое сравнение символов в зависимости от настраиваемого списка
В настройках индикатора укажите список тикеров и соответствующий символ для сравнения. Каждый новый список должен быть на отдельной строке. В начале строки должен быть указан символ для сравнения (например, TVC:DXY), затем знак равенства (=) и после него список тикеров, разделенных запятыми (например, OANDA:XAUUSD, OANDA:XAGUSD). Если выбранный в окне графика тикер не будет найден ни в одном из списков, то в качестве символа для сравнения ему будет соответствовать символ из первого списка, который указан перед знаком равенства. Например:
TVC:DXY = OANDA:XAUUSD, OANDA:XAGUSD
OANDA:BCOUSD = OANDA:SPX500USD
OANDA:SPX500USD = BINANCE:BTCUSDT
Inside Bar DetectorExplanation:
Function to Detect Inside Bars:
f_inside_bar(_n_bars_back) checks whether the current candle is within the high and low of the previous candle.
Detect Inside Bar:
inside_bar_condition evaluates the function for the current candle (_n_bars_back = 0).
Bar Coloring:
barcolor highlights inside bars on the chart with a blue color.
Alert Condition:
alertcondition triggers an alert when an inside bar is detected.
The alert is titled "Inside Bar Detected," and the message is "An Inside Bar has formed!"
Support & Resistance Levels
//@version=6
// Copyright (C) 2024 . All Rights Reserved.
// Unauthorized copying, sharing, or distribution of this code is prohibited.
// This script is licensed for personal use only. Redistribution, modification, or resale is prohibited without explicit permission.
Title: Support & Resistance Levels
Description: ✨
This script automatically identifies and plots key support and resistance levels on the chart, providing traders with a clear view of critical price levels for decision-making. It combines precision with simplicity to help users easily identify areas of potential price reversals or consolidations.
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What the Script Does:
1. 📈 Automatically detects and plots significant support and resistance levels based on historical price highs and lows.
2. 🔄 Updates these levels dynamically as new market data becomes available, ensuring they remain relevant.
3. 📍 Highlights critical price zones where reversals or consolidations are likely to occur.
4. ⏳ Simplifies technical analysis by automating the identification of key levels, saving users time.
5. 🧹 Filters out insignificant price fluctuations, focusing on meaningful support and resistance zones.
6. 🎨 Displays levels with clear, color-coded visualizations for ease of interpretation.
7. ✔️ Ensures accuracy by confirming levels based on completed price movements, avoiding false signals.
8. ⏱️ Provides multi-timeframe support, making it suitable for both short-term and long-term trading strategies.
9. 🛠️ Integrates seamlessly with other TradingView indicators, enhancing analytical capabilities.
10. 🚀 Eliminates the need for manual adjustments, as parameters are pre-configured for optimal performance.
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How It Works:
1. The script employs low detection to find significant price levels:
- 🟣Resistance levels are identified using recent highs.
- 🔵Support levels are determined using recent lows.
2. 📊 Utilizes left and right inputs to define the range of bars analyzed for high and low detection.
3. 🔒 Ensures that levels are based on confirmed price action, avoiding repainting and providing reliable insights.
4. 🔁 Dynamically extends plotted levels as new candles form, maintaining relevance throughout changing market conditions.
5. ⏳ Supports multiple timeframes, making it useful for day traders, swing traders, and long-term investors.
6. 🛡️ Focuses on significant levels by filtering out minor price fluctuations.
7. 🖌️ Ensures visual clarity with bold, color-coded lines for support and resistance.
8. 🤝 Adapts seamlessly with other indicators, creating a holistic trading toolkit.
9. 📌 Automatically highlights critical price zones, saving users time in manual analysis.
10. 🤓 Provides a straightforward approach for both novice and experienced traders.
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How to Use It:
1. 🖥️ Apply the script to your chart to automatically display key support and resistance levels.
2. Analyze Resistance Levels:
- 🟣 Observe magenta lines for zones where the price tends to face resistance.
- 📉 Use these levels to identify potential sell zones or tighten stop-losses.
3. Analyze Support Levels:
- 🔵 Observe blue lines for zones where the price tends to bounce back.
- 📈 Use these levels to identify potential buy zones or set stop-loss orders below them.
4. 🔗 Integrate the script with other technical indicators for enhanced analysis and strategy development.
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What Makes It Original:
1. 🤖Automation:
- Simplifies the traditionally manual process of identifying support and resistance levels.
2. 🔄Real-Time Relevance:
- Levels are dynamically updated, ensuring users have the most current data.
3. 🛡️No Repainting:
- Levels are confirmed based on actual price movements, providing trustworthy signals.
4. 🎨Clear Visualization:
- Distinct color coding and bold lines enhance usability.
5. 🕒Multi-Timeframe Compatibility:
- Works across various chart timeframes, catering to different trading styles.
6. 📏Accurate Filtering:
- Focuses on meaningful price levels, reducing noise, and improving precision.
7. 🤝Integrated Workflow:
- Designed to complement other TradingView tools and indicators for comprehensive analysis.
8. 🎛️User-Friendly Interface:
- Intuitive setup and controls, suitable for both beginners and advanced traders.
9. 🛑Risk Management Assistance:
- Highlights logical zones for setting stop-loss and take-profit levels.
10. 🚀Efficiency:
- Saves traders time by automating a critical aspect of technical analysis.
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Limitations Disclaimer:
1. ⚠️ This script is intended as a tool for technical analysis and does not guarantee profitable trades.
2. 🔄 Levels plotted are based on historical price data and may not predict future price movements.
3. 🌐 Performance may vary depending on market conditions and individual trading strategies.
4. 🚫 The script is not designed to replace thorough market analysis or risk management practices.
5. 🛠️ Users should test and validate the script on a demo account before applying it to live trading.
6. 🔀 Support and resistance levels may behave differently across various asset classes and timeframes.
7. 📉 The effectiveness of the script may decrease during highly volatile or illiquid market conditions.
8. 🧩 This tool should be used as part of a broader trading strategy and not in isolation.
9. 🔙 Past performance of support and resistance levels is not indicative of future results.
10. ❌ The script does not offer customizable parameters; its settings are fixed for optimal performance.
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Risk Disclaimer:
Trading financial markets involve a high level of risk and may not be suitable for all investors. Before using this script, consider the following:
1. ⚠️ The use of this script does not eliminate the risk of financial loss.
2. 📊 Always perform your analysis and consider your risk tolerance before making trading decisions.
3. 💰 Do not trade with money you cannot afford to lose.
4. 🔙 Past performance is not a guarantee of future results.
5. 📈 Leverage can amplify both gains and losses; use it cautiously.
6. 🧠 Seek advice from a qualified financial advisor if you are unsure about your trading strategies or decisions.
7. 🛠️ The script is a tool to aid trading but should not be relied upon solely for decision-making.
8. 🌐 Market conditions can change rapidly, leading to unexpected price movements.
9. 🖋️ By using this script, you agree that the author is not responsible for any losses incurred.
10. 🧮 Always adhere to sound money management and risk management practices.
P&F Breakouts/Breakdown Screener/IndicatorThis indicator/screener helps in identifying below patterns using Points and Figures Charts:
Double Top Breakout
Triple Top Breakout
Double Bottom Breakdown
Triple Bottom Breakdown
Valid Timeframe is Daily!
cluster indicatorOverview
The Cluster indicator is a robust trend-following tool designed for versatile application across various timeframes and markets, including stocks, forex, futures and cryptocurrencies. It provides traders with "bull" and "bear" signals and volume spike indications. This indicator aims to help traders identify potential trading opportunities through trends, reversals and price exhaustion.
Its work on the crossover of MA line with Rsi.
Key Features
Buy and Sell Signals: Cluster indicator generates green "BUY" and red "SELL" signals based on a trend strength score derived from an aggregation of components.
Volume Spike Indicators: The indicator colors candles to signify high volume spikes—light green for high bullish volume and light red for high bearish volume.
How it works:
Trend Strength: This score is calculated using a proprietary formula that assesses the magnitude and direction of market movement with standard deviation and regression analysis.
Cluster indicator computes the corssover of moving average and rsi.
Overbought/Oversold Strength: This strength identifies price exhaustion using a unique formula that aggregates values from several indicators such as moving average and rsi. Moving average captures price trends, measures momentum and identifies price deviations from the mean, providing a comprehensive view of market conditions. Take profit signals are plotted at points of high price exhaustion, indicating optimal exit prices.
Volume Analysis: Volume spikes are identified and highlighted with colored candles using an ATR calculation that pinpoints outliers in volume. This is calculated using the math.abs function, identifying volume spikes in crossover of 0 line. Volume spike candle size can be configured in settings to the user's liking.
Utility
This tool provides traders with valuable information for trend-following and reversal strategies across different timeframes. It helps traders by:
-Generating "BUY" and "SELL" signals to indicate potential long, short and exit points. The precise calculation methods and statistical components used in deriving the trend strength score are designed to filter out market noise and provide a clear indication of prevailing market trends.
These also serve as potential reversal points in the market as they incorporate reversion analysis techniques.
-Highlighting high volume spikes with colored candles to indicate significant market activity. These volatile candles can indicate a significant and rapid surge in price.
-Offering visual insights through Bollinger Band clouds, which help traders assess overbought and oversold conditions on a broad scale. These aid in visualizing potential reversals in the market.
Rationale and Benefits of Component Combination
The combination of trend strength, overbought/oversold strength, volume analysis.
-Trend Strength identifies and confirms the direction and magnitude of market trends, offering clear buy and sell signals. A trend score is calculated to clearly identify where price is strongly trending and where it is quite weak. This customizable feature allows traders to configure this indicator to their liking by only plotting signals when the trend reaches a desired threshold.
-Overbought/Oversold Strength pinpoints areas of price exhaustion, providing crucial take profit and reversal conditions in the market. I combine MA and rsi crossover to provide a more robust reversion score. My rationale for this is to leverage data from multiple indicators, to ensure a comprehensive assessment of price exhaustion rather than relying on a single source.
-Volume Analysis highlights significant market activity, giving traders insights into potential price movements. This feature is included to provide users with a visual representation of price pumps/dumps, that can aid in trading decisions in combination with entry and exit signals.
Uniqueness:
This indicator stands out due to its innovative integration of standard deviation and regression analysis, offering traders a unique and comprehensive market analysis tool. This indicator's versatility is enhanced by its customizable settings, allowing traders to adapt it to their specific needs and trading styles with the trend sensitivity setting. Combining ma and rsi for reversion and exit points is unique as it integrates multiple perspectives on price momentum and volatility, providing a more comprehensive assessment of price exhaustion than using any single indicator.
By integrating these components, it delivers a multifaceted tool that addresses various aspects of market analysis, making it a valuable asset for traders seeking to improve their decision-making process.
Disclaimer
Trading involves substantial risk and is not suitable for every investor. This indicator is designed to assist in decision-making but does not guarantee profits or prevent losses. Always conduct your own research and consider seeking advice from a financial professional.
Jan 01, 2025
Release Notes
Updated code to ensure signals fire on bar close to avoid repainting
Invite-only script
Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact brainautotech for more information, or follow the author's instructions below.
TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases, you can find a good open-source alternative for free in our Community Scripts.
Author's instructions
″DO NOT request access in the comment's section. Please visit brainautotech.com/ to gain access to this indicator.
Want to use this script on a chart?
Warning: please read before requesting access.
Pine Script™ indicator
BrainAutoTech
Colored Stacked EMA RibbonThis script is my interpretation of an idea from John Carter in his interview with Richard Moglen.
www.youtube.com
The idea of moving average ribbons or simply multiple moving averages has been around since moving averages were created. But many of these ideas, such as the Guppy Multiple Moving Averages focus on price closes above a moving average (or multiple moving averages).
In this version, the idea is that the EMAs are compared to each other from shortest to longest. In a completely bullish alignment, the EMAs are referred to as "stacked" in which, for example, the 8 EMA > 13 EMA, the 13 EMA > 21 EMA and so on. When the EMAs are "stacked" in a fully bullish alignment, the EMA cloud is filled green. When the EMAs are "stacked" in a fully bearish alignment, the EMA cloud is filled red.
In addition, I've colored the EMA lines themselves according to if they are rising (green) or falling (red) over a user inputted lookback. The default is "1" period, but it is adjustable. (Generally, I use "1" for the lookback.)
When the EMA lines flip from mixed (rising/falling) to all rising, a green triangle is drawn under the bar/candle. Similarly, when the EMA lines flip from mixed (falling/rising) to all falling, a red triangle is drawn over the bar/candle. This gives the user another potential entry in the context of a stacked EMA cloud. It also can give early signals for entry in a neutral cloud.
Candles/bars are colored according to the EMA cloud & EMA line status. So, for example, a bullish stacked EMA cloud (green) and all EMA lines green, will result in a bright green candle color. IF the cloud is green, but the EMA lines are mixed (red/green), this will result in a dark green candle. Similar logic applies to the bearish conditions which result in red (most bearish) or orange (still bearish) candle colors. IF the EMA cloud is neither bullishly stacked or bearishly stacked, then those candles will appear as gray (neutral).
There are many ways to use this script, but it excels in a trending market. John Carter often sets limit buys in an area near the 21D EMA in names that are trending & he wants to get in. The 13D EMA linewidth is set at 2 and the 21D EMA linewidth is set a 3 to easily identify this area. Now, you can "buy the dip" or "short the rip" within the context of a trending market (which the script identifies with green or red EMA clouds). Or you can wait for some confirmation via the green triangle (or something else like a candle stick pattern or trendline break). Remember to set stops in case price goes against you.
1 final note this is not a "magic bullet", but for a single indicator it does alot of work & personally I've found it to be very useful on multiple time frames. I do recommend combining it with volume (or a volume-based indicator).
Market Maker Manipülasyon Koruyucusu (M3K)Market Maker Manipülasyonlarından Korunma: M3K Göstergesi ile Akıllı Alım-Satım Stratejisi
Açıklama:
Market Maker Manipülasyon Koruyucusu (M3K), piyasa manipülasyonlarını tespit etmek ve bunlara karşı korunmak amacıyla tasarlanmış bir TradingView göstergesidir. Bu gösterge, yüksek hacim, momentum, wick analizi ve likidite alanlarını inceleyerek, yatırımcılara sahte hareketlerden kaçınma ve akıllıca işlem yapma fırsatı sunar.
Gösterge Özellikleri:
1. Hacim Analizi: Göstergenin en önemli özelliklerinden biri, hacim analizi yaparak yüksek hacimli mumları tespit etmesidir. Bu, market maker'ların hareketlerinin erken sinyallerini verebilir.
2. Momentum İzleme: MACD gibi klasik göstergelere dayalı olarak momentum verileri elde edilir. Bu, fiyatın yükseliş veya düşüş trendine girmeden önce yapılan manipülasyonları tespit etmenizi sağlar.
3. Wick (Fitil) Analizi: Wick oranları, piyasa manipülasyonlarını gösterebilir. Bu gösterge, büyük wick'lere sahip mumları analiz ederek, piyasada "trap" (tuzak) oluşturulmaya çalışılıp çalışılmadığını gösterir.
4. Destek ve Direnç Çizgileri: Bu gösterge, piyasa trendlerini analiz eder ve destek ile direnç seviyelerini çizer. Bu seviyeler, önemli alım ve satım fırsatları sunar.
5. Yüksek Hacimli Mumlar: Yüksek hacimli mumlar, piyasa maker'larının dikkatlice manipüle edebileceği seviyeleri gösterir. Bu sayede, fiyat hareketlerinin güçlü olabileceği noktalar hakkında bilgi edinirsiniz.
Nasıl Kullanılır?
GİRİŞ Sinyali: Eğer gösterge, bir yükseliş trendi ve yüksek hacimli bir mum tespit ederse, yatırımcıya Market Maker' ın giriş yapmış olabileceği sinyali verir, yatırımcılara piyasanın manipüle edilerek yükselişe geçebileceğini gösterir. Bu, yatırımcıların fiyatın daha da yükseleceği bir noktada işlem yapmalarını önerir.
Çıkış Sinyali: Eğer gösterge, bir düşüş trendi ve yüksek hacimli bir mum tespit ederse, Market Maker' ın Çıkış yapmış olabileceği sinyali verir. Bu, yatırımcılara piyasanın manipüle edilerek düşüşe geçebileceğini gösterir ve satış işlemi için bir fırsat sunarak yatırımcıların fiyatın daha da düşebileceği bir noktada işlem yapmalarını önerir.
Hangi Durumlar İçin Uygundur?
Trend Tersine Dönüşler: M3K göstergesi, özellikle piyasa manipülasyonlarını tespit etme yeteneği sayesinde, trader'ların potansiyel sahte hareketleri ve trap'leri tespit etmelerine yardımcı olur.
Yüksek Hacim Olan Piyasalar: Market maker hareketlerinin en belirgin olduğu yerlerde bu gösterge size güçlü sinyaller verebilir.
Sonuç:
Market Maker Manipülasyon Koruyucusu (M3K), piyasa manipülasyonlarını ve sahte hareketleri önceden tahmin etmeye çalışan bir araçtır. Hem yeni başlayanlar hem de deneyimli yatırımcılar için oldukça değerli bir gösterge olan M3K, ticaret stratejilerini güçlendirmek ve riskleri minimize etmek için etkili bir çözüm sunmaktadır.
XAUUSD TDFI & MA TREND STRATEGYThe Trend Direction Force Index v2 (TDFI) strategy is a powerful tool designed to identify trend direction and momentum shifts in the market. This strategy leverages the TDFI indicator to signal entries and exits based on trend strength and directional force. Key features include:
Customizable Moving Averages: Users can select from various moving average types (EMA, WMA, VWMA, Hull, TEMA, etc.) for precise trend analysis.
Dynamic EMA Filters: The strategy integrates an EMA filter, allowing users to choose between 20, 50, or 100-period EMA for refined entry and exit signals.
Clear Entry and Exit Logic:
Enter long when the TDFI signal exceeds the high threshold, and the price stays above the selected EMA.
Exit long when the price closes below the selected EMA.
Enter short when the TDFI signal drops below the low threshold, and the price remains under the selected EMA.
Exit short when the price closes above the selected EMA.
Use Case:
This strategy is ideal for trend-following traders seeking automated decision-making in identifying strong uptrends or downtrends. It combines momentum strength with customizable filters to adapt to different market conditions.
Settings:
Lookback Periods: Configurable for TDFI calculation and dynamic adjustment.
Filter Thresholds: High and low thresholds to define overbought/oversold zones.
Moving Average Types: Choose the preferred smoothing method for the trend.
Note: The TDFI line is not plotted, as the focus is on entry/exit actions driven by the signal. Fine-tune the parameters to align with your trading strategy.
XAUUSD trend strategyThe application of moving average crossover techniques for trend identification is widely practiced. Nonetheless, this approach may produce numerous false signals, particularly in sideways market conditions. This algorithm focuses on detecting extreme trends by analyzing fully aligned multi-level moving averages, and crossovers are only considered when the market is exhibiting an extreme trend, whether bullish or bearish. Such instances may indicate a long-term downtrend or potentially lead to a minor pullback prior to the continuation of the prevailing trend.
WBCC Trend Profit (расчет Long стратегии для WBCC Main Trend)Данный скрипт позволяет рассчитывать Long стратегию для индикатора WBCC Main Trend, с помощью него вы сможете подбирать наиболее лучшие настройки для торговли по любой монете или акции, и быстро просчитывать любые временные рамки, так же сможете подобрать оптимальный Stop для этой стратегии, что бы увеличить максимально свою прибыль на любом активе.
На примере настройки по монете SOLUSDT и отработка за 2023-2024 год, прибыль составила более 9000% за год.
1. Есть возможность задать интервал просчета.
2. Возможность указать начальный депозит для просчета.
3. Возможность задать плечо для торговли.
Сам индикатор WBCC Main Trend, Вы так же сможете найти в нашем списке скриптов и подключить его.
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XAUUSD STRATGEY BUY AND SELL SIGNALSThis indicator primarily focuses on the concepts of Overbought and Oversold conditions, serving as a tool for short-term trading strategies. It provides modest yet reliable signals for traders. The fundamental operation of the indicator is outlined as follows:
For purchasing, the indicator monitors the asset for an Oversold condition as indicated by the Relative Strength Index (RSI). Subsequently, a buy signal is generated when the price chart crosses the lower boundary of the Envelope indicator from below to above.
Conversely, for selling, the indicator observes the asset for an Overbought condition according to the RSI. A sell signal is triggered when the price chart crosses the upper boundary of the Envelope indicator from above to below.
The underlying principle is the alignment between the price movement and the RSI readings.
The optimal settings I have developed are as follows:
- Time frame: 15 minutes
- Overbought threshold: 80
- Oversold threshold: 25
- RSI Length: 8
This approach can be applied across various financial instruments, but it is essential to establish clear profit and loss limits.
XAUUSD STRATGEY BUY AND SELL SIGNALSThis indicator primarily focuses on the concepts of Overbought and Oversold conditions, serving as a tool for short-term trading strategies. It provides modest yet reliable signals for traders. The fundamental operation of the indicator is outlined as follows:
For purchasing, the indicator monitors the asset for an Oversold condition as indicated by the Relative Strength Index (RSI). Subsequently, a buy signal is generated when the price chart crosses the lower boundary of the Envelope indicator from below to above.
Conversely, for selling, the indicator observes the asset for an Overbought condition according to the RSI. A sell signal is triggered when the price chart crosses the upper boundary of the Envelope indicator from above to below.
The underlying principle is the alignment between the price movement and the RSI readings.
The optimal settings I have developed are as follows:
- Time frame: 15 minutes
- Overbought threshold: 80
- Oversold threshold: 25
- RSI Length: 8
This approach can be applied across various financial instruments, but it is essential to establish clear profit and loss limits.
