Rally Base Drop SND Pivots [LuxAlgo]The Rally Base Drop SND Pivots indicator uses "Rally", "Base", and "Drop" Candles to determine pivot points at which supply and demand (SND) levels are drawn.
🔶 USAGE
Rally, Base, and Drop (RBD) candles create a formula for seeing market structure through a fixed methodology. We are able to use this concept to point out pivot areas where Rallies and Drops directly meet.
The RBD SND Pivots are similar to traditionally identified "fractal" pivot points, with one key difference.
RBD SND Pivots detect a specific number of Rally and Drop candles directly back-to-back, requiring one side of the pivot to contain entirely green candles and the other to be entirely red candles or vice versa.
Since these pivot levels are based on Rally, Base, and Drop candles, the method directly implements rigid logic to further structure a trading system when utilizing these pivot levels with traditional SND concepts.
Furthermore, by implementing this logic when looking for pivots, a significant portion of potential noise is naturally filtered out.
🔶 DETAILS
In typical SND systems, the term "Base" is used for multiple meanings.
In this indicator, the base is a product of a pivot being formed. Once a Pivot is identified, the "Base" is marked as the first Rally or Drop of the second half of the pivot formation.
Once the pivot is identified, the high or low of the base candle is used to measure the pivot level.
🔶 SETTINGS
Length: Sets the number of Rally and Drop Candles that the script will require to identify pivots.
Ex. "3" = 3 Rally followed by 3 Drop
Historical Lookback: Hides historic levels based on a bar # Lookback from the current bar.
When set to 0, all Levels will display. (0 by default)
รูปแบบชาร์ต
MM Bar CountA revised version of the Bar Count indicator that allows you to set the reset hour and minutes.
This indicator displays a sequential bar count below the chart, automatically resetting at a specified time each day. The counter helps traders track the progression of bars from a consistent starting point, making it easier to identify patterns that occur at specific bar intervals.
Key Features:
Automatically resets count at your specified time (default: 8:30)
Customizable display frequency (show count every X bars)
Adjustable label size and color
Overlays directly on your chart for easy reference
Engulfing Candles (ATR-Based)This indicator detects Engulfing Patterns with an ATR-based filtering mechanism and trend confirmation. Unlike a basic engulfing pattern indicator that only checks if a current candle engulfs the previous one, this script incorporates trend detection using either the 50-period SMA alone or a combination of 50 and 200-period SMAs to ensure that signals align with the broader trend. The indicator identifies Bullish Engulfing patterns when a strong bullish candle engulfs a smaller bearish candle in a downtrend and Bearish Engulfing patterns when a strong bearish candle engulfs a smaller bullish candle in an uptrend. It also generates alerts and visually marks these patterns with labels ("BU" for bullish and "BE" for bearish) while highlighting the background accordingly.
What sets this indicator apart from a normal engulfing indicator is its ATR-based filtering system, which ensures that only significant engulfing candles are considered. Instead of accepting any engulfing pattern, the script measures candle body size relative to 1.5x ATR (configurable) to filter out weak signals. It also differentiates between long-bodied and small-bodied candles to confirm that the engulfing pattern represents real momentum shifts. This approach reduces false signals caused by small, insignificant candles and ensures that traders focus on high-probability reversal patterns. By integrating trend-based filtering and ATR-based confirmation, this indicator provides more reliable and context-aware engulfing signals than a standard engulfing pattern detector.
Chandelier & Stochastique SESE04⚙️ 1. Indicator Objective: This "Candlestick & Stochastic Touli" indicator aims to help traders automatically identify Japanese candlestick reversal patterns, filtered by a Stochastic oscillator. It thus combines two technical tools: ✅ Candlestick pattern recognition ✅ Overbought/oversold indication via Stochastic
🔔 Important note: This tool is educational and does not constitute financial advice. It should be used as a support for analysis, never as the sole basis for making investment decisions.
🔑 2. Indicator Parameters ✳️ A. Candlestick Pattern Detection Parameters:
Parameter Description
Doji Detection of neutral candles with very small bodies
Shooting Star / Inverted Hammer Bearish and bullish reversal patterns
Hanged Man / Hammer Reversal patterns based on long wicks
Engulfing Bullish and bearish engulfing (2-candle pattern)
Piercing / Dark Cloud Cover Reversal through penetration of the previous body
Morning Star / Evening Star Classic 3-candle patterns (reversal)
Morning Star / Evening Star (4 candles) More complex 4-candle variant for additional confirmation
✳️ B. Stochastic Parameters (STOCHASTICS):
Parameter Description
--- ---
K Periods Length for %K (sensitivity of the stochastic)
D Periods Moving average for %D (smoothing of the stochastic)
Smooth K Additional smoothing for %K
High Borner Overbought threshold (e.g., 80)
Low Borner Oversold threshold (e.g., 20)
🎯 Objective: Filter patterns only when overbought/oversold conditions are met for greater reliability.
📊 3. Technical Operation and Calculation Logic ✅ A. Filtering via Stochastic: ⚡ When Stochastic (%K) is above 80, it suggests an overbought area → Favors bearish patterns. ⚡ When Stochastic (%K) is below 20, it suggests an oversold area → Favors bullish patterns. It filters according to 1 or 2 consecutive candles in these areas (sto_1_candle_up/down, sto_2_candle_up/down). ✅ B. Pattern Detection: Doji: Candle with a small body (open ≈ close), detected in the oversold/overbought zone based on Stochastic. Shooting Star / Inverted Hammer: Small body + long upper or lower wick, filtered by Stochastic. Hammer / Hanged Man: Candle with a long lower or upper wick, small body size, filtered by Stochastic. Bullish/Bearish Engulfing: The body of the second candle engulfs the previous one, opposite direction, filtered. Piercing / Dark Cloud Cover: The second candle significantly penetrates the first body's body (50% or more). Morning Star / Evening Star: Specific 3-candle sequences (direction, body size, gap). Morning Star / Evening Star 4 candles: More complex variant to confirm reversal (e.g., false break). 🎨 4. Visual Display on the Chart: Bullish patterns (buy): 🔵 Blue arrow pointing up below the candle. Bearish patterns (sell): 🔴 Red arrow pointing down above the candle. Neutral (e.g., Doji): ⚫ Black triangle to signal an area of hesitation. 🔔 5. Automatic Alerts: Conditional Alerts: When a pattern is detected, a custom alert can be generated. 🔔 Alert message: "Touli candlesticks & Belkhayate" Allows users to be informed in real-time when a valid signal appears. 📜 6. Legislative and Ethical Reminder (TradingView Compliance) ✅ This indicator does not constitute investment advice. ✅ It is designed for educational and informational purposes to aid in market analysis. ✅ No performance guarantee is provided. It is essential that the user complements this tool with:
Their own analysis.
Rigorous risk management.
Independent decision-making. ⚠️ TradingView specifies: Published scripts must comply with financial advisory laws, and this script should not be used as an automatic buy or sell signal system without manual validation.
🔍 7. Practical Use Example (educational): On an H1 or M15 chart, when a Bullish Engulfing + Stochastic in oversold (< 20) appears, it could signal a bullish opportunity. Confirmation with other tools (e.g., support/resistance, FVG, OB) is recommended to refine the decision. 💡 Summary: Why is this indicator useful? 🔍 Helps quickly visualize potential reversals. 🎯 Advanced filtering with Stochastic to limit false signals. 📈 Useful for refining entry/exit points in a complete strategy.
[S1B] Engulfing Orderblock
The Engulfing Orderblock indicator is a custom script designed to visually highlight and track bullish and bearish engulfing patterns on a price chart. These patterns are widely used in technical analysis to identify potential reversal points. The indicator dynamically draws colored boxes around the previous candle involved in the engulfing event, making it easier for traders to spot these setups in the price action.
Key Features:
Bullish Engulfing Pattern:
When a bearish candle (one where the open is higher than the close) is followed by a candle whose close is above the previous candle’s open, the indicator detects a bullish engulfing pattern. A green box is drawn around the previous candle.
• Box Style Options: Users can choose whether the box represents the candle’s body (from open to close) or its wick (from open to low).
Bearish Engulfing Pattern:
When a bullish candle (one where the open is lower than the close) is followed by a candle whose close is below the previous candle’s open, a bearish engulfing pattern is identified. A red box is drawn around the previous candle.
• Box Style Options: The box can be drawn using the candle’s body (from close to open) or its wick (from high to open), according to the user’s preference.
Dynamic Box Management:
Once a box is drawn, the indicator continuously monitors the price. If the price moves beyond the box’s range, the box is either deleted or its color changes to gray, indicating that the pattern’s relevance may be diminishing.
Max Pattern Tracking:
To prevent clutter, the indicator limits the number of displayed engulfing boxes to 500 by default. Older boxes are removed as new patterns are detected.
Customization:
Users can adjust the number of previous bars scanned for engulfing patterns as well as the maximum number of patterns displayed. An option is also provided to select whether the box should reflect the candle’s body or include the wick.
How It Works:
Pattern Detection:
The script compares the current price with the previous candle’s data to detect either a bullish or bearish engulfing pattern.
Box Creation:
When a pattern is detected, a colored box is drawn around the previous candle’s price range (using the user-selected style) to visually highlight the orderblock.
Pattern Expiry and Cleanup:
The indicator monitors each drawn box, deleting or modifying it (changing the color to gray) if the price moves significantly beyond the box’s range.
Remark:
The original concept for this indicator is from daisukeburn .
Sweep Engulf CHoCH📖 Indicator Overview
The Sweep Engulf CHoCH indicator is designed to detect the Sweep + Engulf + CHoCH (Change of Character) pattern on price charts. This indicator helps traders identify bullish and bearish entry opportunities based on the last three candles forming this pattern.
📊 How the Indicator Works
The indicator analyzes specific conditions in the last three candles:
🔹 Bullish Entry (Buy Signal)
✔️ Candle 1 must be bearish (close < open )
✔️ Candle 2 must sweep the low of candle 1 (low < low )
✔️ Candle 2 must also engulf candle 1 (close > close )
✔️ Candle 3 must break structure (CHoCH) by closing above the open of candle 1 (close > open )
🔻 Bearish Entry (Sell Signal)
✔️ Candle 1 must be bullish (close > open )
✔️ Candle 2 must sweep the high of candle 1 (high > high )
✔️ Candle 2 must also engulf candle 1 (close < open )
✔️ Candle 3 must break structure (CHoCH) by closing below the open of candle 1 (close < open )
EBP Candle Marker### **EBP Candle Marker – TradingView Indicator**
The **EBP Candle Marker** is a specialized TradingView indicator designed to identify and highlight potential liquidity sweep candles. This indicator visually emphasizes key price action patterns where the market sweeps previous highs or lows and closes in the opposite direction, often signaling potential reversals or liquidity grabs.
---
### 📊 **Indicator Logic:**
1. **Bullish Sweep:**
- The current candle’s **low** is lower than the previous candle’s **low** (indicating a liquidity sweep).
- The **close** is above both the **open** and **close** of the previous candle.
2. **Bearish Sweep:**
- The current candle’s **high** is higher than the previous candle’s **high** (indicating a liquidity sweep).
- The **close** is below both the **open** and **close** of the previous candle.
---
### 🎨 **Visual Representation:**
- **Yellow Candle Body:** Highlights any candle meeting the bullish or bearish sweep conditions.
---
### 🔔 **Alert Functionality:**
The indicator supports setting custom alerts in TradingView for:
- **Bullish Sweep Detected** – Notifies when a bullish sweep occurs.
- **Bearish Sweep Detected** – Notifies when a bearish sweep occurs.
These alerts are compatible across any timeframe, providing flexibility to monitor key market conditions.
---
### 📈 **Use Cases:**
- **Liquidity Sweep Detection:** Identify areas where the market may be triggering stop-loss orders or liquidity hunts.
- **Reversal Confirmation:** Enhance trade confirmation by identifying potential reversal zones.
- **Scalping & Swing Trading:** Suitable for both short-term and long-term trading strategies across multiple timeframes.
Session BoxesSession Boxes Indikator - Handelszeiten visualisieren
Dieser Indikator markiert wichtige Handelszeiten (Sessions) mit farbigen Boxen, die sich dynamisch an die Hoch- und Tiefpunkte des Marktes anpassen. Perfekt für Trader, die während bestimmter Zeitzonen handeln möchten.
Hauptfunktionen:
Vier vordefinierte Sessions :
Asien, London, NY Vormittag und NY Nachmittag
Echtzeit-Anpassung:
Boxen werden ab der ersten Minute der Session gezeichnet und passen sich laufend an Hoch/Tiefs an
Nachhandelszeit:
Optionale 2-Stunden-Nachhandelsphase für jede Session
Zeitumstellung:
Automatische Anpassung für Sommer-/Winterzeit
Wochenenden & Feiertage: Optionale Ausblendung an handelsfreien Tagen
Vollständig anpassbar:
Alle Session-Zeiten im HH:MM Format einstellbar
Individuelle Box-Beschriftungen
Farben für alle Session-Boxen konfigurierbar
Anwendungsfälle:
Identifizierung der aktivsten Handelszeiten
Visualisierung von Session-Breakouts
Erkennung von Marktphasen mit hoher/niedriger Volatilität
Verbesserung des Timings für Einstiege/Ausstiege basierend auf Marktsessions
Entwickelt für Trader, die ihre Strategie auf bestimmte Marktphasen ausrichten möchten. Besonders nützlich für Forex, Indizes und Futures, die globalen Handelszeiten unterliegen.
Anchored VWAP with Buy/Sell SignalsPurpose: The indicator calculates an Anchored VWAP—a dynamic price level that reflects the average price weighted by volume since a specified starting point (anchor)—and uses it to identify potential trading opportunities with buy and sell signals.
Display: Overlays on the price chart with a VWAP line (blue by default) and green/red triangle markers for buy/sell signals.
Timeframe: Works on any timeframe (e.g., 10-minute for INTC as you tested), with no gaps in VWAP calculation across timeframes.
Triple Doji SequenceThe Triple Doji Sequence indicator helps traders identify consecutive Doji candlestick patterns, allowing them to choose between spotting single, double, or triple Dojis. A Doji is detected when the candle's body is small relative to its wicks, with either the upper or lower wick being significantly larger. Users can customize their own Doji criteria by adjusting the body size and wick dominance settings. The indicator ensures that consecutive Dojis align in the same direction before confirming a valid pattern, making it easier to identify market indecision or potential trend reversals.
When the chosen Doji sequence is detected, the indicator plots a star (*) above bearish Dojis (upper wick dominant) and below bullish Dojis (lower wick dominant). It also sends alerts when a valid sequence is confirmed at the close of the bar. This tool helps traders refine their strategy by spotting repeated Doji formations, which may indicate key turning points or continuation patterns in price action.
How to Use the Triple Doji Sequence Indicator?
Apply the Indicator:
Add the Triple Doji Sequence indicator to your TradingView chart.
It will automatically scan for Doji patterns based on your settings.
Customize Your Doji Criteria:
Adjust the body size and wick dominance settings to define what qualifies as a Doji.
Choose whether to detect single, double, or triple Doji sequences.
Interpret the Signals:
A star (*) above a candle signals a bearish Doji (upper wick dominant).
A star (*) below a candle signals a bullish Doji (lower wick dominant).
Set Up Alerts:
Enable alerts to receive notifications when a Doji sequence is confirmed at bar close.
Choose alert frequency based on your trading strategy (e.g., once per bar, once per bar close).
Use in Trading Strategy:
Doji sequences can indicate trend reversals or market indecision.
Combine this indicator with support/resistance levels, volume, or other indicators to confirm signals.
PS: Good luck in finding a Triple Doji :)
ArrowFx Gravy EG - EG zonesITS JUST SIMPLY SUPPLY AND DEMAND >>>>>Simplified
Its a concept of identifying supply and demand zones across all timeframes this may help you on getting trades ....this is not holy grail
15-Minute ORB by @RhinoTradezOverview
Hey traders, ready to jump on the morning breakout train? The 15-Minute ORB by @RhinoTradez
is your go-to pal for rocking the Opening Range Breakout (ORB) scene, zeroing in on the first 15 minutes of the U.S. market day—9:30 to 9:45 AM Eastern Time. Picture this: sleek orange lines mark the high and low of that opening rush, but they only hang out during regular trading hours (9:30 AM-4:00 PM ET) and reset fresh each day—no old baggage here! Built in Pine Script v6 for that cutting-edge feel, it’s loaded with breakout signals and alerts to keep your trading game strong—ideal for SPY, QQQ, or any ticker you love.
Crafted by @RhinoTradez
to fuel your daily grind—let’s hit those breakouts running!
What It Does
The ORB strategy is all about that early market spark: the 9:30-9:45 AM range sets the battlefield, and breakouts signal the charge. Here’s the rundown:
Captures the Range : Snags the high and low from the 9:30-9:45 AM ET candle—U.S. market kickoff, locked in.
Daily Refresh : Wipes yesterday’s lines at 9:30 AM ET each day—today’s all that matters.
Regular Hours Focus : Orange lines shine from 9:45 AM to 4:00 PM ET, vanishing outside those hours.
Breakout Signals : Green triangles for upside breaks, red for downside, all within regular hours.
Alerts You : Chimes in with “Price broke above 15-min ORB High: 597” (or below the low) when the move hits.
It’s your morning breakout blueprint—simple, focused, and trader-ready.
Functionality Breakdown:
15-Minute ORB Snap:
Locks the high and low of the 9:30-9:45 AM ET candle on a 15-minute chart (EST/EDT auto-adjusted).
Resets daily at 9:30 AM ET—yesterday’s range is outta here.
Regular Hours Only:
Lines glow from 9:45 AM to 4:00 PM ET, keeping pre-market and after-hours clean.
Breakout Flags:
Marks price busting above the ORB high (green triangle below bar) or below the low (red triangle above), only during 9:30 AM-4:00 PM.
Alert Action:
Drops a custom alert with the breakout price (e.g., “Price broke below 15-min ORB Low: 594”)—stay in the know, hands-free.
Customization Options
Keep it chill with one slick tweak:
ORB Line Color : Starts at orange—vibrant and trader-cool! Flip it to blue, purple, or any shade you dig in the settings. Make it yours.
How to Use It
Pop It On: Add it to a 15-minute chart—SPY, QQQ, or your hot pick works like a dream.
Time It Right: Set your chart to “America/New_York” time (Chart Settings > Time Zone) to sync with 9:30 AM ET.
Choose Your Color: Dive into the indicator settings and pick your ORB line color—orange kicks it off, but you’re in charge.
Set Alerts: Right-click the indicator, add an alert with “Any alert() function call,” and catch breakouts live.
Ride the Wave: Green triangle? Upward vibe. Red? Downside alert. Mix with volume or candles for extra punch.
Pro Tips
15-Minute Only : Tailored for that 9:30-9:45 AM ET candle—other timeframes won’t sync up.
Daily Reset : Lines refresh at 9:30 AM ET—always today’s play.
Breakout Boost : High volume or RSI can seal the deal on those triangle signals.
No Clutter : Lines stick to 9:30 AM-4:00 PM ET—your chart stays tidy.
Brought to you by @RhinoTradez
in Pine Script v6, this ORB script’s your morning breakout wingman. Slap it on, pick a color, and let’s chase those moves together! Happy trading!
Trend Robot with EMA & Trailing Stop🚀 Automated Trading Bot built for MetaTrader 5 (MT5), utilizing Exponential Moving Average (EMA) filtering, dynamic Trailing Stop Loss, and a risk-based lot sizing strategy to optimize trade entries and exits.
🔹 Key Features:
✅ EMA Trend Filter – Trades only in the direction of the trend using an 8-period EMA.
✅ Trailing Stop Loss (TSL) – Adjusts SL dynamically once price moves 15+ points in profit.
✅ Risk Management – Automatically calculates lot sizes based on 4% risk per trade.
✅ Time-Based Trading – Allows configuring start & end hours to avoid trading during low-liquidity periods.
✅ Smart Order Execution – Places Buy Stop & Sell Stop orders based on price action and recent highs/lows.
✅ Customizable Inputs – Modify TP, SL, Magic Number, and expiration time easily.
🔹 Built for traders who want a structured, automated approach to forex trading with trend confirmation and adaptive risk management.
📌 Best used on trending pairs with volatile price movements! 🚀
Sweep Engulf 2 Candle🔍 Overview:
This script identifies Bullish Engulfing and Bearish Engulfing candlestick patterns on the chart. These formations are widely used in technical analysis to spot potential reversals in price action. The indicator helps traders quickly identify these patterns by marking them directly on the chart with small arrows.
📌 Features:
✅ Bullish Engulfing & Bearish Engulfing Detection
✅ Customizable Display Options (Enable/Disable Bullish or Bearish signals)
✅ Real-Time Alerts (Receive notifications when a pattern is formed)
✅ Optimized Marker Size (Smaller icons for better chart visibility)
📊 How It Works:
1. Bullish Engulfing Condition:
The second candle's low is lower than the first candle's low.
The second candle's close is higher than the first candle's open (if the first candle is bearish) OR higher than the first candle's close (if the first candle is bullish).
2. Bearish Engulfing Condition:
The second candle's high is higher than the first candle's high.
The second candle's close is lower than the first candle's close (if the first candle is bearish) OR lower than the first candle's open (if the first candle is bullish).
⚙️ How to Use:
Add the script to your TradingView chart.
Adjust settings to enable/disable Bullish or Bearish Engulfing patterns.
Enable alerts to receive real-time notifications when a pattern is detected.
Use this indicator to support your technical analysis and trade decisions.
📌 Notes:
This indicator is best used in combination with other technical analysis tools like support & resistance levels, trendlines, or volume analysis.
It works on all timeframes and asset
Retracement & MA Signal IndicatorBuy-Sell and Retracement Indicator: This indicator indicate buy and sell signals after the analysis of market trend and also draw the retracement level.
Golden Levels Indicator with Buy/Sell Signalsnice bjk.hj jkjkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkjk jkhjklji iokjhkjhgyhygb
Dynamic Price ImpulseThis indicator is designed to capture price momentum without the lag typically found in traditional oscillators.
Core Mechanics
Instead of using simple price differences, the indicator normalizes changes relative to the average true range (ATR), making it adaptive to different volatility regimes.
By squaring the normalized change while preserving its sign, the indicator responds more aggressively to stronger price moves while remaining sensitive to smaller ones.
The indicator identifies periods when volatility is expanding, which often precede significant price movements.
Trading Strategy Applications
1. Momentum Signals:
o When the indicator crosses above zero, look for long entries
o When it crosses below zero, look for short entries
o The stronger the impulse (farther from zero), the stronger the signal
2. Early Trend Detection:
o Volatility expansion markers (yellow circles) often appear at the beginning of new trends
o Use these as early warning signals to prepare for potential entries
3. Trend Continuation:
o Strong readings in the direction of the trend suggest continuation
o Weakening readings suggest the trend may be losing steam
4. Counter-Trend Opportunities:
o Look for divergences between price and the indicator for potential reversals
o When price makes a new high but the indicator doesn't, consider potential shorts (and vice versa)
Fine-Tuning
• Length (14): Controls the lookback period for ATR calculation. Lower values make it more responsive but noisier.
• Threshold (1.5): Determines how much volatility needs to expand to trigger the volatility expansion signal.
• Smoothing (3): Reduces noise in the signal. Higher values reduce false signals but introduce more lag.
Scalping + rsi ### **Description of the "Scalping + RSI" TradingView Script**
This TradingView script is designed for scalping and trend-following trading strategies. It combines multiple indicators, including **Exponential Moving Averages (EMAs), Price Action Channel (PAC), Fractals, and RSI-based signals**, to identify trend pullbacks and reversals. The script is best suited for **short time frames (e.g., 1-minute to 15-minute charts)** but can also work on higher time frames.
---
## **📌 Features of the Script**
### **1. EMA Ribbon for Trend Confirmation**
- Uses three EMAs to detect trends:
- **Fast EMA (Default: 89)**
- **Medium EMA (Default: 200)**
- **Slow EMA (Default: 600)**
- Trend Background Color:
- **Green** → Uptrend (Fast EMA & PAC above Medium EMA)
- **Red** → Downtrend (Fast EMA & PAC below Medium EMA)
- **Yellow** → Transition Zone (Indecisive Trend)
---
### **2. Price Action Channel (PAC)**
- A dynamic channel based on the EMA(34) of the **high, low, and close** prices.
- Helps in identifying pullbacks and breakout opportunities.
- **Bar Coloring Based on PAC:**
- **Blue Bars** → Price is above the PAC (Bullish)
- **Red Bars** → Price is below the PAC (Bearish)
- **Gray Bars** → Price is inside the PAC (Neutral)
---
### **3. Fractal Recognition for Support & Resistance**
- **Regular Fractals** → Detects highs and lows to mark important price levels.
- **Bill Williams (BW) Fractals** → Filters out ideal fractal patterns.
- Fractals help in drawing mini trendlines and breakout confirmations.
---
### **4. Higher High (HH), Lower High (LH), Higher Low (HL), Lower Low (LL) Markers**
- Identifies trend structures:
- ** (Higher Highs)** → Uptrend confirmation
- ** (Lower Highs)** → Potential downtrend
- ** (Higher Lows)** → Possible bullish reversal
- ** (Lower Lows)** → Possible bearish continuation
---
### **5. RSI-Based Buy/Sell Signals 📈📉**
- Uses **Relative Strength Index (RSI)** to generate trade signals.
- **Buy Condition:**
- RSI crosses above its EMA
- RSI-EMA is above the 50 threshold (bullish momentum)
- **Sell Condition:**
- RSI crosses below its EMA
- RSI-EMA is below the 50 threshold (bearish momentum)
- **Arrows on the chart show Buy (Green) and Sell (Red) signals.**
---
### **6. Alerts for Buy & Sell Signals 🔔**
- Sends an alert when:
- A Buy signal is triggered (`RSI crosses above EMA`)
- A Sell signal is triggered (`RSI crosses below EMA`)
- These alerts can be used for **manual trading or automation with webhooks**.
---
## **📊 How to Use This Strategy?**
1. **Check the Trend Background Color**
- **Green** = Look for Buy Signals
- **Red** = Look for Sell Signals
- **Yellow** = Wait (No Clear Trend)
2. **Identify a Pullback into the PAC**
- Look for price moving **inside the PAC** (gray bars).
- Wait for price to **break back out** of the PAC in the trend direction.
3. **Confirm with RSI Buy/Sell Signals**
- **Buy when RSI crosses above its EMA (and above 50)**
- **Sell when RSI crosses below its EMA (and below 50)**
4. **Use Fractals & HH/LH/HL/LL for Additional Confirmation**
- Fractals can help with drawing **mini trendlines**.
- Breakouts of fractal-based trendlines confirm trade entries.
---
## **🎯 Best Settings for Scalping**
- **For Short-Term Scalping (1min - 5min charts):**
- Fast EMA: `55`
- Medium EMA: `144`
- Slow EMA: `377`
- PAC Length: `21`
- RSI Length: `14`
- RSI EMA: `9`
- **For Higher Timeframes (15min - 1H charts):**
- Fast EMA: `89`
- Medium EMA: `200`
- Slow EMA: `600`
- PAC Length: `34`
- RSI Length: `14`
- RSI EMA: `9`
---
### **🚀 Advantages of This Script**
✅ **Great for Scalping & Trend Trading**
✅ **Uses Multiple Indicators for Confirmation**
✅ **Clear Buy & Sell Signals Based on RSI**
✅ **Customizable EMA & PAC Settings**
✅ **Works on Any Market (Stocks, Forex, Crypto, etc.)**
PSP - NQ ES YMThe PSP - NQ ES YM indicator tracks the price movements of the NQ, ES, and YM futures to identify correlation and divergence between them.
🔸 Orange dot (above candle) → When NQ and ES have opposite trends (one up, one down).
🔹 Blue dot (below candle) → When YM differs from either NQ or ES, but NQ and ES are aligned.
🟠🔹 Both dots on the same candle → When NQ and ES differ, and one of them also differs from YM.
🟢 Green dot (above candle at 12 AM NY time) → Marks the daily open at 12 AM New York time.
This helps traders spot market divergence patterns between major indices and potential trading opportunities. 🚀
CPI Opening Price LabelsCPI date label indicator,
Here is example of labeling code.
you can write similar code ti check your own statistics.
Enhanced MACD + RSI + OBV for Monthly/WeeklyMACD for Trend and Momentum
Uses 12, 26, and 9-period settings.
Detects bullish and bearish crossovers.
Displays MACD line, Signal line, and Histogram.
RSI for Overbought/Oversold Conditions
Uses a 14-period RSI.
Identifies rising vs. falling RSI trends.
Helps confirm buy/sell signals.
OBV for Volume Confirmation
Checks rising vs. falling OBV trends.
Uses a 20-period EMA (Exponential Moving Average) of OBV.
Detects bullish and bearish OBV divergences.
ADX for Trend Strength Filtering
Uses 14-period ADX with 14-period smoothing.
Determines if the trend is strong (above the threshold).
Can be enabled/disabled as a filter.
Signal Strength Calculation (1-10 Scale)
Each indicator contributes to the signal strength.
Higher signal strength = stronger buy/sell signal.
Visual & Alert Features
Plots MACD, RSI, and OBV on the chart.
Buy/Sell signals appear as arrows (triangle up/down).
Alerts for strong buy/sell signals.
Polynomial Regression with RSI & Volume ProfilePlotting the Polynomial Regression Line: The plot(polyLine) function now ensures that the regression line is drawn on the chart.
Buy and Sell Signals: plotshape() is used to plot buy and sell signals on the chart when the respective conditions are met.
Volume Profile and Polynomial Regression: These components now have their visual output on the chart, ensuring that the script is valid and contains the necessary plot statements
