PEMA + VWAP with Bandsertainly! Below is a detailed description of the PEMA + VWAP with Bands indicator, including its components, purpose, and how traders can use it effectively.
Indicator Description: PEMA + VWAP with Bands
This indicator combines two powerful technical analysis tools:
PEMA (Percentage Price Exponential Moving Average) – A set of EMAs (Exponential Moving Averages) with customizable lengths.
VWAP (Volume Weighted Average Price) – A dynamic average price weighted by volume, along with optional standard deviation bands.
The combination of these tools provides traders with a comprehensive view of price trends, support/resistance levels, and potential entry/exit points.
Components of the Indicator
1. PEMA (EMAs):
EMA 21: A short-term EMA that reacts quickly to price changes.
EMA 34: A medium-term EMA that smooths out price fluctuations.
EMA 55: A long-term EMA that provides a broader view of the trend.
Fills Between EMAs:
The area between EMA 21 and EMA 34 is filled with a semi-transparent green color.
The area between EMA 34 and EMA 55 is filled with a semi-transparent red color.
Purpose:
Helps identify the trend direction (uptrend, downtrend, or sideways).
Provides dynamic support and resistance levels.
Crossovers between EMAs can signal potential entry or exit points.
2. VWAP (Volume Weighted Average Price):
VWAP Line: A dynamic average price that reflects the cumulative price-volume relationship.
Bands:
Up to three optional bands can be plotted around the VWAP line.
The bands are calculated using either standard deviation or percentage multipliers.
Bands can act as dynamic support/resistance levels or overbought/oversold zones.
Purpose:
Helps identify the fair value of an asset based on volume-weighted price.
Useful for intraday trading, as it resets at the start of each session (or other anchor periods).
Bands provide additional context for volatility and potential reversal points.
Key Features
Customizable Inputs:
PEMA Lengths: Adjust the lengths of the EMAs (default: 21, 34, 55).
VWAP Anchor Period: Choose the reset period for VWAP (e.g., session, week, month).
Bands Multipliers: Customize the distance of the bands from the VWAP line.
Bands Calculation Mode: Choose between standard deviation or percentage-based bands.
Visual Enhancements:
EMAs are plotted in distinct colors (red, green, blue) for easy identification.
Fills between EMAs provide a visual representation of the trend strength.
VWAP and its bands are plotted in blue, green, olive, and teal for clarity.
Dynamic and Responsive:
The VWAP recalculates dynamically based on the selected anchor period.
The EMAs adapt to price changes, providing real-time trend analysis.
How to Use the Indicator
1. Trend Identification:
Uptrend: Price is above the EMAs, and EMAs are stacked in ascending order (EMA 21 > EMA 34 > EMA 55).
Downtrend: Price is below the EMAs, and EMAs are stacked in descending order (EMA 21 < EMA 34 < EMA 55).
Sideways Market: EMAs are flat and intertwined, indicating consolidation.
2. Support and Resistance:
The EMAs and VWAP can act as dynamic support/resistance levels.
Look for price reactions (bounces or breaks) at these levels.
3. Entry and Exit Signals:
EMA Crossovers:
A bullish signal occurs when a shorter EMA crosses above a longer EMA (e.g., EMA 21 crossing above EMA 34).
A bearish signal occurs when a shorter EMA crosses below a longer EMA (e.g., EMA 21 crossing below EMA 34).
VWAP and Bands:
Price crossing above the VWAP line can signal a bullish trend.
Price crossing below the VWAP line can signal a bearish trend.
Price touching the upper or lower bands may indicate overbought or oversold conditions.
4. Volatility Analysis:
Wider VWAP bands indicate higher volatility.
Narrower bands indicate lower volatility.
5. Intraday Trading:
Use the VWAP as a benchmark for intraday trades. Prices above VWAP may indicate bullish sentiment, while prices below VWAP may indicate bearish sentiment.
Example Use Cases
Trend Following:
In an uptrend, look for buying opportunities when the price pulls back to the EMAs or VWAP line.
In a downtrend, look for selling opportunities when the price rallies to the EMAs or VWAP line.
Mean Reversion:
If the price deviates significantly from the VWAP (e.g., touching the upper or lower bands), consider a mean reversion trade.
Breakout Trading:
A breakout above the upper band or below the lower band may indicate a strong trend continuation.
Advantages of the Indicator
Combines trend-following (PEMA) and volume-weighted (VWAP) analysis.
Provides dynamic support/resistance levels.
Customizable to suit different trading styles and timeframes.
Visual enhancements (fills, colors) make it easy to interpret.
Limitations
EMAs and VWAP are lagging indicators, so they may not predict future price movements accurately.
In highly volatile markets, the bands may widen significantly, reducing their effectiveness as support/resistance levels.
This indicator is a versatile tool for traders who want to combine trend analysis with volume-weighted price action. Let me know if you need further clarification or enhancements! 🚀
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Vertical Lines at Specific Times### **Script Description**
This **Pine Script v6** indicator for **TradingView** plots **vertical dotted lines** at user-specified times, marking key time ranges during the day. It is designed to help traders visually track market movements within specific timeframes.
#### **Features:**
✔ **Custom Timeframes:**
- Two separate time ranges can be defined:
- **Morning Session:** (Default: 9 AM - 10 AM, New York Time)
- **Evening Session:** (Default: 9 PM - 10 PM, New York Time)
✔ **Adjustable Line Properties:**
- **Line Width:** Users can change the thickness of the vertical lines.
- **Line Colors:** Users can select different colors for morning and evening session lines.
✔ **New York Local Time Support:**
- Ensures that the vertical lines appear correctly based on **Eastern Time (ET)**.
✔ **Full-Height Vertical Lines:**
- Lines extend across the **entire chart**, from the highest high to the lowest low, for clear visibility.
- Uses **dotted line style** to avoid cluttering the chart.
#### **How It Works:**
1. The script retrieves the **current date** (year, month, day) in **New York time**.
2. Converts the **user-defined input times** into **timestamps** for accurate placement.
3. When the current time matches a specified session time, a **dotted vertical line** is drawn.
4. The script **repeats this process daily**, ensuring automatic updates.
#### **Customization Options (Inputs):**
- **Morning Start & End Time** (Default: 9 AM - 10 AM)
- **Evening Start & End Time** (Default: 9 PM - 10 PM)
- **Line Width** (Default: 2)
- **Morning Line Color** (Default: Blue)
- **Evening Line Color** (Default: Green)
#### **Use Case Scenarios:**
📈 Marking market **open & close** hours.
📊 Highlighting **key trading sessions** for day traders.
🔎 Identifying time-based **price action patterns**.
Bollinger Bands with EMA, RSI & MACDSummary of the Script:
This Pine Script strategy combines Bollinger Bands, EMA, RSI, MACD, and ATR to generate high-accuracy buy/sell signals with slightly early entries.
Key Indicators Used:
Bollinger Bands (BB) – Identifies price volatility and trends.
Exponential Moving Averages (EMA) – Includes a 9-period EMA and a faster 5-period EMA to detect short-term trends.
Relative Strength Index (RSI, 9) – Measures momentum; buy signals trigger when RSI > 55, sell when RSI < 45.
MACD (12, 26, 9) – Confirms trend direction and momentum; checks for MACD-line crossover and slope.
ATR (14) – Filters out weak signals; only allows trades when volatility is above 1.1x ATR SMA.
Trend Confirmation (Higher Highs & Lower Lows) – Ensures signals align with market structure.
How Signals are Generated:
Buy Condition:
Fast EMA crosses above BB middle (3-4 candles earlier)
RSI above 55
MACD Line above Signal Line, and MACD slope positive
ATR filter confirms strong volatility
Market in an uptrend (higher highs)
Sell Condition:
Fast EMA crosses below BB middle (3-4 candles earlier)
RSI below 45
MACD Line below Signal Line, and MACD slope negative
ATR filter confirms strong volatility
Market in a downtrend (lower lows)
Output on the Chart:
Green "BUY" label below bars when a buy signal is triggered.
Red "SELL" label above bars when a sell signal is triggered.
Goal:
This script optimizes early entries (3-4 candles prior) while maintaining high accuracy and filtering out false signals using multiple confirmations. 🚀
Moving Average Exponential with Buy/Sell SignalsThis indicator is on experimental basis and we highly recommend you to use this and tell us how this goes
Wochen-, Tages- und Monats-SMA mit allen EinstellungenThe indicator shows SMA 50, 100, 200, and 90 for day, week, and month simultaneously in all timeframes. Naturally, individual SMAs can also be toggled on and off as desired.
VWAP+EMA by sennchoice for traders to have a VWAP and EMAs in 1 indicator
the vwap has the ability to anchor to sessions which correlates to the trading sessions like Asia, london, NY, and close
JolurocePro v3.0sigue lo que dice funcuna con cualquier par verificado operar solo cuando hay confirmacion total
FX_0930-1700_ET Session H/L Point Movement AlertThis indicator automatically registers the session H/L (0930-1700ET) and fires up an alert once it moves pasts a certain points away from the H/L.
The H/L of the session is dynamic which means that it is constantly updating whenever price makes a new H/L.
Jojito's Secret SauceA **Round Levels Indicator** for trading is a technical tool designed to automatically plot significant psychological price levels on a chart, helping traders identify key support and resistance zones. These levels, often referred to as **round numbers** or **whole numbers**, are price points where market participants tend to place a high volume of buy or sell orders, leading to increased trading activity.
### **Functionality & Features**
1. **Automatic Level Plotting** – The indicator scans the price chart and marks round numbers at predefined intervals, such as every **10, 50, 100, or 1,000 pips**, depending on the asset being traded. This helps traders quickly identify areas where price action is likely to react.
2. **Customizable Intervals** – Users can adjust the spacing between levels based on their trading style. For example:
- **Forex traders** may focus on every 50 or 100 pips.
- **Stock traders** may use levels at every $5, $10, or $50.
- **Crypto traders** might prefer round numbers like $1,000, $5,000, or $10,000.
3. **Visual Customization** – Traders can change the appearance of the levels, such as line thickness, color, and style (dotted, dashed, or solid), making it easier to differentiate between major and minor round levels.
4. **Alerts & Notifications** – The indicator can be configured to send alerts when price approaches or crosses a round level. This feature is useful for traders who want to react quickly to potential reversals or breakouts.
5. **Confluence with Other Indicators** – Round levels often align with Fibonacci retracement levels, moving averages, or pivot points, strengthening their significance in trade decision-making.
### **Why Round Levels Matter in Trading**
- **Psychological Impact:** Traders and institutions naturally gravitate toward round numbers when setting stop-losses, take-profits, and pending orders.
- **Support & Resistance Behavior:** Prices frequently bounce off round levels or consolidate around them before making decisive moves.
- **Breakout Opportunities:** When price breaks above or below a significant round level, it often triggers increased volatility, leading to momentum-based trades.
### **Ideal Use Cases**
- **Scalpers & Day Traders** – Can use round levels to fine-tune entries and exits on shorter timeframes.
- **Swing Traders & Position Traders** – Can use them to identify major price zones for long-term trends.
- **Algorithmic Traders** – Can incorporate round levels into automated strategies for systematic trade execution.
A **Round Levels Indicator** is an essential tool for traders looking to leverage market psychology and key price levels to improve trade timing and decision-making.
Eshal Bollinger HLC3Indikator SAHAM INDONESIA
Untuk Swing Trading.
Gunakan Dengan TIME Frame Weekly dan daily untuk menhgambil keputusan
BB% Crossing Bollinger Bands AlertsThis script focuses exclusively on the behavior of the BB% indicator. It signals a SELL alert when the BB% value crosses upward through 1.0 (meaning it has breached the top Bollinger Band) and a BUY alert when the BB% crosses downward through 0.0 (meaning it has fallen below the bottom Bollinger Band). The script is fully customizable through its inputs and provides clear visual indicators alongside conditions you can use to trigger alerts on TradingView.
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VWAP + OBV + MACD Custom Indicator//@version=5
indicator("VWAP + OBV + MACD Custom Indicator", overlay=true)
// 1️⃣ VWAP Calculation
vwap_value = ta.vwap
// 2️⃣ OBV Calculation
obv_value = ta.obv
// 3️⃣ MACD Calculation
= ta.macd(close, 12, 26, 9)
// 🎯 **Buy Signal Conditions**
buy_signal = close > vwap_value and ta.change(obv_value) > 0 and macd_line > signal_line
// 🎯 **Sell Signal Conditions**
sell_signal = close < vwap_value and ta.change(obv_value) < 0 and macd_line < signal_line
// 📊 Plot VWAP
plot(vwap_value, title="VWAP", color=color.blue, linewidth=2)
// ✅ Plot Buy Signal
plotshape(buy_signal, location=location.belowbar, color=color.green, style=shape.labelup, title="BUY")
// ❌ Plot Sell Signal
plotshape(sell_signal, location=location.abovebar, color=color.red, style=shape.labeldown, title="SELL")
// 🔔 **Alerts for Buy/Sell Signals**
alertcondition(buy_signal, title="Buy Alert", message="Buy Signal Triggered!")
alertcondition(sell_signal, title="Sell Alert", message="Sell Signal Triggered!")
[COG]TMS Crossfire 🔍 TMS Crossfire: Guide to Parameters
📊 Core Parameters
🔸 Stochastic Settings (K, D, Period)
- **What it does**: These control how the first stochastic oscillator works. Think of it as measuring momentum speed.
- **K**: Determines how smooth the main stochastic line is. Lower values (1-3) react quickly, higher values (3-9) are smoother.
- **D**: Controls the smoothness of the signal line. Usually kept equal to or slightly higher than K.
- **Period**: How many candles are used to calculate the stochastic. Standard is 14 days, lower for faster signals.
- **For beginners**: Start with the defaults (K:3, D:3, Period:14) until you understand how they work.
🔸 Second Stochastic (K2, D2, Period2)
- **What it does**: Creates a second, independent stochastic for stronger confirmation.
- **How to use**: Can be set identical to the first one, or with slightly different values for dual confirmation.
- **For beginners**: Start with the same values as the first stochastic, then experiment.
🔸 RSI Length
- **What it does**: Controls the period for the RSI calculation, which measures buying/selling pressure.
- **Lower values** (7-9): More sensitive, good for short-term trading
- **Higher values** (14-21): More stable, better for swing trading
- **For beginners**: The default of 11 is a good balance between speed and reliability.
🔸 Cross Level
- **What it does**: The centerline where crosses generate signals (default is 50).
- **Traditional levels**: Stochastics typically use 20/80, but 50 works well for this combined indicator.
- **For beginners**: Keep at 50 to focus on trend following strategies.
🔸 Source
- **What it does**: Determines which price data is used for calculations.
- **Common options**:
- Close: Most common and reliable
- Open: Less common
- High/Low: Used for specialized indicators
- **For beginners**: Stick with "close" as it's most commonly used and reliable.
🎨 Visual Theme Settings
🔸 Bullish/Bearish Main
- **What it does**: Sets the overall color scheme for bullish (up) and bearish (down) movements.
- **For beginners**: Green for bullish and red for bearish is intuitive, but choose any colors that are easy for you to distinguish.
🔸 Bullish/Bearish Entry
- **What it does**: Colors for the entry signals shown directly on the chart.
- **For beginners**: Use bright, attention-grabbing colors that stand out from your chart background.
🌈 Line Colors
🔸 K1, K2, RSI (Bullish/Bearish)
- **What it does**: Controls the colors of each indicator line based on market direction.
- **For beginners**: Use different colors for each line so you can quickly identify which line is which.
⏱️ HTF (Higher Timeframe) Settings
🔸 HTF Timeframe
- **What it does**: Sets which higher timeframe to use for filtering (e.g., 240 = 4 hour chart).
- **How to choose**: Should be at least 4x your current chart timeframe (e.g., if trading on 15min, use 60min or higher).
- **For beginners**: Start with a timeframe 4x higher than your trading chart.
🔸 Use HTF Filter
- **What it does**: Toggles whether the higher timeframe filter is applied or not.
- **For beginners**: Keep enabled to reduce false signals, especially when learning.
🔸 HTF Confirmation Bars
- **What it does**: How many bars must confirm a trend change on higher timeframe.
- **Higher values**: More reliable but slower to react
- **Lower values**: Faster signals but more false positives
- **For beginners**: Start with 2-3 bars for a good balance.
📈 EMA Settings
🔸 Use EMA Filter
- **What it does**: Toggles price filtering with an Exponential Moving Average.
- **For beginners**: Keep enabled for better trend confirmation.
🔸 EMA Period
- **What it does**: Length of the EMA for filtering (shorter = faster reactions).
- **Common values**:
- 5-13: Short-term trends
- 21-50: Medium-term trends
- 100-200: Long-term trends
- **For beginners**: 5-10 is good for short-term trading, 21 for swing trading.
🔸 EMA Offset
- **What it does**: Shifts the EMA forward or backward on the chart.
- **For beginners**: Start with 0 and adjust only if needed for visual clarity.
🔸 Show EMA on Chart
- **What it does**: Toggles whether the EMA appears on your main price chart.
- **For beginners**: Keep enabled to see how price relates to the EMA.
🔸 EMA Color, Style, Width, Transparency
- **What it does**: Customizes how the EMA line looks on your chart.
- **For beginners**: Choose settings that make the EMA visible but not distracting.
🌊 Trend Filter Settings
🔸 Use EMA Trend Filter
- **What it does**: Enables a multi-EMA system that defines the overall market trend.
- **For beginners**: Keep enabled for stronger trend confirmation.
🔸 Show Trend EMAs
- **What it does**: Toggles visibility of the trend EMAs on your chart.
- **For beginners**: Enable to see how price moves relative to multiple EMAs.
🔸 EMA Line Thickness
- **What it does**: Controls how the thickness of EMA lines is determined.
- **Options**:
- Uniform: All EMAs have the same thickness
- Variable: Each EMA has its own custom thickness
- Hierarchical: Automatically sized based on period (longer periods = thicker)
- **For beginners**: "Hierarchical" is most intuitive as longer-term EMAs appear more dominant.
🔸 EMA Line Style
- **What it does**: Sets the line style (solid, dotted, dashed) for all EMAs.
- **For beginners**: "Solid" is usually clearest unless you have many lines overlapping.
🎭 Trend Filter Colors/Width
🔸 EMA Colors (8, 21, 34, 55)
- **What it does**: Sets the color for each individual trend EMA.
- **For beginners**: Use a logical progression (e.g., shorter EMAs brighter, longer EMAs darker).
🔸 EMA Width Settings
- **What it does**: Controls the thickness of each EMA line.
- **For beginners**: Thicker lines for longer EMAs make them easier to distinguish.
🔔 How These Parameters Work Together
The power of this indicator comes from how these components interact:
1. **Base Oscillator**: The stochastic and RSI components create the main oscillator
2. **HTF Filter**: The higher timeframe filter prevents trading against larger trends
3. **EMA Filter**: The EMA filter confirms signals with price action
4. **Trend System**: The multi-EMA system identifies the overall market environment
Think of it as multiple layers of confirmation, each adding more reliability to your trading signals.
💡 Tips for Beginners
1. **Start with defaults**: Use the default settings first and understand what each element does
2. **One change at a time**: When customizing, change only one parameter at a time
3. **Keep notes**: Write down how each change affects your results
4. **Backtest thoroughly**: Test any changes on historical data before trading real money
5. **Less is more**: Sometimes simpler settings work better than complicated ones
Remember, no indicator is perfect - always combine this with proper risk management and other forms of analysis!
SSL Channel Strategy with Two-Tranche ExitsThis trading strategy leverages the SSL (Semantic SSL) Channel, a trend-following indicator based on moving averages, to determine market direction and execute trades. It enters long or short positions when the trend shifts and uses a two-tranche exit system—closing half the position at a fixed profit target and managing the rest with a trailing stop—while incorporating the Average True Range (ATR) for dynamic risk management.
MACD Crossover Trend Line Zones BUY/SELLIt's cool. It shows the MACD crossovers as zones, so you can tell the direction of the trend. Buy/Sell signals are just something extra, don't solely rely on them.
My strategyThis strategy follows Kathy Lien’s scalping approach, utilizing the 20 EMA and MACD on the M5 timeframe.
- **Entry Conditions**: Enter a trade when the price crosses both the MACD and the 20 EMA, provided the crossover happens within a maximum of 5 candles.
- **Stop Loss**: Set at approximately 20 pips.
- **Trade Management**:
- When the price reaches 1R, close half of the position and move the stop loss to the entry point.
- Use a trailing stop, maintaining a 15-pip distance from the 20 EMA.
Beginner-Friendly AI Trade Analysis (1-Hour)My first trade I have no idea what I am doing I do not recommend you using the until I get results
FVG LevelsFVG Levels Indicator Description
The FVG Levels indicator dynamically identifies and displays key price zones that may represent fair value gaps and order block areas, helping traders to visually pinpoint potential support and resistance levels directly on the chart.
Key Features
Order Block Identification:
The indicator detects bullish and bearish order blocks by analyzing specific candle patterns. For bullish zones, it checks if a candle two bars ago was bullish (close greater than open) coupled with a subsequent gap condition. Similarly, bearish zones are identified when bearish candle conditions are met with an appropriate gap.
Dynamic Zone Calculation:
It computes critical levels such as the highest highs, lowest lows, highest lows, and lowest highs over a series of recent bars. These levels define the boundaries of potential buy and sell zones and adjust dynamically as new price data comes in.
Visual Representation:
Buy zones are plotted in lime and sell zones in yellow, with the indicator filling the areas between the high and low lines to create clear, shaded bands. This visual aid helps in quickly recognizing zones of potential price reaction.
Chart Overlay:
Designed to work as an overlay, the indicator integrates directly onto your price chart, allowing for seamless correlation between price action and identified zones.
How It Works
Bullish Zones:
When a bullish candle (with the candle's close above its open) is detected along with a significant gap, the indicator marks the upper and lower boundaries of the bullish order block. It further refines these levels by tracking the lowest low and highest high over recent bars to enhance the zone's definition.
Bearish Zones:
In a similar manner, the indicator calculates bearish order blocks by confirming bearish candle conditions and corresponding gap criteria. It then updates the bearish zone levels and computes the highest high and lowest low to establish clear sell zone boundaries.
Usage
Traders can use the FVG Levels indicator to:
Identify potential entry and exit points by observing where price may reverse or consolidate.
Recognize fair value gaps or imbalances that often act as magnet points for price action.
Enhance risk management by using the dynamically calculated zones to set stop-losses or take-profits.