NSDT Daily Gap RangeSimple script that plots the range between the previous day close and the current day open. This makes it easier to reference the gap up or gap down zone throughout the day.
Zone
Demo - Demand Supply Zone IndicatorDemand Supply Zone indicator automatically pin points the demand and supply zone on the charts. The demo version will only identify zones on daily timeframe.
Sideways Money - Bitcoin BeatsHello, Hello, Hello,
And welcome back to Bitcoin Beats.
This is another version of my previous script, "Range Indicator - Bitcoin Beats".
Designed initially for breakouts but shows adaptive ranges and consolidation in XBTUSD(Haven't tested other assets but should do the same thing).
If we are consolidating (which is most of the time) a good strategy to trade would be to trade ranges. However, as soon as you spot the range it can feel like the range has changed so you lose out on making the monies.
This indicator plots out the average range in a consolidation.
It also shows you when the range has broken in a direction that it previously hasn't broken in. This essentially signifies the the trend changing and gives warning that trading the range may no longer be valid.
There are a few ways to trade this indicator and I will explain 2 of them here.
PLEASE TRADE AT YOUR OWN RISK. YOUR FUNDS ARE YOUR RESPONSIBILITY.
IF YOU TRADE WITH THESE STRATEGIES, YOU ARE TO BLAME FOR YOUR OWN LOSSES.
BY USING THIS INDICATOR YOU AGREE THAT I WILL NOT BE HELD LIABLE IN THE CASE OF YOU LOSING FUNDS.
Strategy 1:
- Have 2 bitmex accounts open.
- Use on the 30m, 1h, 3h or 12h.
- Long AND Short on both accounts when we hit the middle area. This is called the "Reload Zone".
- When we hit the edge of each side of the plotted range, close the positions in profit.
- You will then have 1 trade underwater.
- If the range is solid, the price will move back to the Reload Zone in which you reload you position that you took profit with.
- You then have both a Long AND Short open after 1 profitable trade.
- Rinse and repeat until you get the "STRATEGY CAUTION" message signifying that the range will most likely break soon.
Strategy 2(least profitable):
- When the "STRATEGY CAUTION" Message appears, you can long or short depending on which side it breaks toward.
- If we break down, short.
- If we break up, Long.
I wouldn't advise this second strategy if you are a beginner as the results are inconclusive and it's more of a hybrid trading strategy, meaning you have to know how to trade with price action flowing.
Usually if it is appearing volatile, you can go to a higher time frame and find the exact range it's catering to, adjusting your strategy accordingly.
See you soon,
Goodbye, from Bitcoin Beats.
Demand & Supply Zone - Muthu SThis indicator marks Demand and Supply Zone on the chart based on various inputs. It also marks Boring candle in Blue colour & Explosive Candle in Black colour.
Prior knowledge of Demand and Supply Zone is mandatory to use this indicator effectively.
Kindly do your own math (based on your experience & knowledge) to identify the zones along with this indicator.
Boring Candle - Muthu SThis Indicator marks Boring Candle on the chart based on the input ATR Range.
Adaptive Price Zone Backtest The adaptive price zone (APZ) is a volatility-based technical indicator that helps investors
identify possible market turning points, which can be especially useful in a sideways-moving
market. It was created by technical analyst Lee Leibfarth in the article “Identify the
Turning Point: Trading With An Adaptive Price Zone,” which appeared in the September 2006 issue
of the journal Technical Analysis of Stocks and Commodities.
This indicator attempts to signal significant price movements by using a set of bands based on
short-term, double-smoothed exponential moving averages that lag only slightly behind price changes.
It can help short-term investors and day traders profit in volatile markets by signaling price
reversal points, which can indicate potentially lucrative times to buy or sell. The APZ can be
implemented as part of an automated trading system and can be applied to the charts of all tradeable assets.
WARNING:
- For purpose educate only
- This script to change bars colors.
Adaptive Price Zone Strategy The adaptive price zone (APZ) is a volatility-based technical indicator that helps investors
identify possible market turning points, which can be especially useful in a sideways-moving
market. It was created by technical analyst Lee Leibfarth in the article “Identify the
Turning Point: Trading With An Adaptive Price Zone,” which appeared in the September 2006 issue
of the journal Technical Analysis of Stocks and Commodities.
This indicator attempts to signal significant price movements by using a set of bands based on
short-term, double-smoothed exponential moving averages that lag only slightly behind price changes.
It can help short-term investors and day traders profit in volatile markets by signaling price
reversal points, which can indicate potentially lucrative times to buy or sell. The APZ can be
implemented as part of an automated trading system and can be applied to the charts of all tradeable assets.
Green color is long.
Red color is short.
WARNING:
- For purpose educate only
- This script to change bars colors.
Adaptive Price Zone Indicator The adaptive price zone (APZ) is a volatility-based technical indicator that helps investors
identify possible market turning points, which can be especially useful in a sideways-moving
market. It was created by technical analyst Lee Leibfarth in the article “Identify the
Turning Point: Trading With An Adaptive Price Zone,” which appeared in the September 2006 issue
of the journal Technical Analysis of Stocks and Commodities.
This indicator attempts to signal significant price movements by using a set of bands based on
short-term, double-smoothed exponential moving averages that lag only slightly behind price changes.
It can help short-term investors and day traders profit in volatile markets by signaling price
reversal points, which can indicate potentially lucrative times to buy or sell. The APZ can be
implemented as part of an automated trading system and can be applied to the charts of all tradeable assets.
Zone Moving Average Color Direction Detection This indicator generates a zone for a moving average by means of the high and low source of the same average, the moving average should be worked as zones not as a line, by default a simple average of 200 periods is configured, the indicator has direction detection and represents it by the green and red colors, it also has padding with the same characteristic, it is possible to configure the following:
- Type: SMA, EMA, WMA, VWMA, SMMA, DEMA, THEME, HULLMA, ZEMA, TMA, SSMA
- Period / Length
- Source
- Color Direction Detection
Release Notes: Add a field to change the reaction in the change of color and direction of the Media, set to 1 is the fastest, a larger number filters the address better but is slower, 3 is set by default.
MMDVZ 1.0 (Rolling) - Moving Multi-Day VWAP Zones Rolling version of the MMDVZ script .
The bands do not reset at a fixed interval in this version and are instead bar based.
Volatility adjusted moving multi-day VWAP zones
Directionality, trend and support/resistance levels at a glance
Useful for trading practically all kinds of stocks and futures .
Works well with many timeframes.
More updates to come, stay tuned
MMDVZ 1.0 - Moving Multi-Day VWAP ZonesVolatility adjusted moving multi-day VWAP zones
Directionality, trend and support/resistance levels at a glance
Useful for trading practically all kinds of stocks and futures.
Works well with many timeframes.
More updates to come, stay tuned
Hashem Extended Stochastic (V2)Extended Stochastic with All Zones. From Neutral to Danger Zones.
The Most Complete and Extended Stochastic Indicator.
Hashem Extended StochasticExtended Stochastic with All Zones.
From Neutral to Danger Zones.
The Most Complete and Extended Stochastic Indicator.
S&R Zone SignalsThis indicator allows you to specify price zones in which to detect basic candlestick patterns.
In the example above, I have specified the most immediate support and resistance zones on GBP/USD and set the script to detect engulfing candles. If a bearish engulfing candle occurs within the resistance zone a signal will be generated; likewise for bullish engulfing candles within the support zone .
The purpose of this indicator is to generate trading alerts when these patterns occur in order to reduce the screen-time required to monitor setups. This indicator is intended for structure traders primarily, although it could be used by anyone who uses zones and candlestick patterns to enter trades.
If you leave either zone set to 0 then that zone will not be used, meaning that you can use this to detect both support and resistance signals, or only signals at support, or only signals at resistance.
Settings:
R1: First Resistance Price
R2: Second Resistance Price
S1: First Support Price
S2: Second Support Price
Draw Signals: Enable/Disable Visual Signals
How Far To Look Back: Used For Detecting Fractal Highs/Lows
Doji Size (in pips): This Changes the Size of Detected Doji Candles
Hammer Wick Size: This Changes the Size of Detected Hammers/Shooting Stars
Engulf Wick: If Enabled, Only Engulfing Candles That Engulf the Wick Will Be Valid
Show Engulfing Candles: Enable/Disable Visual Signals For Engulfing Candles
Show Doji Candles: Enable/Disable Visual Signals For Doji Candles
Show Hammer Candles: Enable/Disable Visual Signals For Hammer/Shooting Star Candles
Source Code:
Go to zenandtheartoftrading.com for the source code – it’s free!
EMA ZoneIndicator to fill the ZONE between two EMAs (9 and 21 is the default)
RULES of completion:
CLOSE above "EMAs" and "EMA SLOW", and "EMA FAST" > "EMA SLOW" = green fill
CLOSE below "EMAs" and "EMA SLOW" ,and "EMA FAST" < "EMA SLOW" = red fill
CLOSE between EMAs = white fill
HTF High/LowThis simple script draws the previous higher timeframe candle high/low to your chart.
You can also make the script paint the zone between the low/open and the high/close.
Volume Zone OscillatorCopy Pasta from Investopedia
Interpretation
The VZO points to a positive trend when it rises above and maintains the 5% level, and a negative trend when it falls below the 5% level and fails to turn higher. Oscillations between the 5% and 40% levels mark a bullish trend zone, while oscillations between -40% and 5% mark a bearish trend zone. Meanwhile, readings above 40% signal an overbought condition, while readings above 60% signal an extremely overbought condition. Alternatively, readings below -40% indicate an oversold condition, which becomes extremely oversold below -60%.
The indicator panel shows horizontal lines that correspond with relative percentage levels that trigger buy and sell signals when crossed:
BUY OR COVER SIGNAL - cross from below to above the -40% line.
SELL OR SELL SHORT SIGNAL - cross from above to below the 40% line.
LESSER BUY OR COVER SIGNAL – cross from below to above the 5% line, but any subsequent violation adds a 7.5% buffer zone before the next buy signal.
A 14-period average directional index (ADX) can be used with the VZO, with values greater than 18 pointing to a trending market. A 60-period exponential moving average (EMA) is examined when ADX signals a trend, with price crossing above the moving average denoting a positive trend, while a downward crossover points to a bearish trend. These values should be tweaked and optimized by backtesting specific securities.
Price pattern and other indicators can be examined to confirm VZO buy or sell signals. Volume bars common on most price charts provides useful information in this regard, adding to signal reliability when bullish and bearish crosses align with two times or greater average volume. In addition, look for OBV to tick higher when the VZO has pushed above 50% and lower when it falls below that level. (For more, see: How to Use Volume to Improve Your Trading.)
And there are better uses for this Indicator than the above description ;)
happy trading
RSI Based Automatic Supply and DemandA script that draws supply and demand zones based on the RSI indicator. For example if RSI is under 30 a supply zone is drawn on the chart and extended for as long as there isn't a new crossunder 30. Same goes for above 70. The threshold which by default is set to 30, which means 30 is added to 0 and subtracted from 100 to give us the classic 30/70 threshold on RSI, can be set in the indicator settings.
By only plotting the Demand Below Supply Above indicator you get automatic SD level that is updated every time RSI reaches either 30 or 70. If you plot the Resistance Zone / Support Zone you get an indicator that extends the zone instead of overwrite the earlier zone. Due to the zone being extended the chart can get a bit messy if there isn't a clear range going on.
There is also a "confirmation bars" setting where you can tell the script how many bars under over 30 / 70 you want before a zone is drawn.
Here is an image of only using the "Demand Below / Supply Above" plot.
As you can see, this could be useful "Price Flow" indicator, where we would only short if a zone appears below another zone, or long if two zones in a row are going up, like stairs.
Breakout IndicatorThis script allows you to set breakout alerts.
An alert will be triggered only when price breaks and closes beyond the specified prices. You will get an alert on the first candle that closes beyond the levels you set.
Killzones / Daily Open / Weekly Open / Monthly Open by @bartbtcI've created an indicator that :
- Displays the previous day's, week's, month's open on the current period's price action.
- Displays a vertical bar at the daily open. (The first 30-60 minutes from the daily open is commonly where the high/low of the day is made)
- Displays London/NY opens as vertical bars (london close is an option, but I have disabled it by default. I have removed Asia as I believe it is not useful - deal with it!)
Features:
- Displays daily data/killzones only on timeframes lower than 60minutes (you can modify this in the settings as you wish)
- Displays weekly open only on timeframes lower than weekly
- Displays monthly open only on timeframes lower than monthly
Let me know on Twitter on @bartbtc if there's any issues or if you have any other features you think might be useful.
Chop Zone strategy(lirshah)This is a visual indicator designed to identify trends and choppiness.
the Chop Zone illustrates the difference between close price and its EMA by converting its values to colors.
this strategy has best performance on H1 timeframe and has a good results on several crypto pair.