Consecutive Closes Above/Below 3 SMA with Z-Score BandsA simple indicator that measures consecutive closes above & below the 3-period simple moving average. An upper and lower Z-score has been calculated to indicate where the 4 standard deviations of the last 60 bars sits.
Useful for identifying directional runs in price.
Moving Averages
Smoothed Heiken Ashi Candles with Delayed SignalsThis is a trend-following approach that uses a modified version of Heiken Ashi candles with additional smoothing. Here are the key components and features:
1. Heiken Ashi Modification: The strategy starts by calculating Heiken Ashi candles, which are known for better trend visualization. However, it modifies the traditional Heiken Ashi by using Exponential Moving Averages (EMAs) of the open, high, low, and close prices.
2. Double Smoothing: The strategy applies two layers of smoothing. First, it uses EMAs to calculate the Heiken Ashi values. Then, it applies another EMA to the Heiken Ashi open and close prices. This double smoothing aims to reduce noise and provide clearer trend signals.
3. Long-Only Approach: As the name suggests, this strategy only takes long positions. It doesn't short the market during downtrends but instead exits existing long positions when the sell signal is triggered.
4. Entry and Exit Conditions:
- Entry (Buy): When the smoothed Heiken Ashi candle color changes from red to green (indicating a potential start of an uptrend).
- Exit (Sell): When the smoothed Heiken Ashi candle color changes from green to red (indicating a potential end of an uptrend).
5. Position Sizing: The strategy uses a percentage of equity for position sizing, defaulting to 100% of available equity per trade. This should be tailored to each persons unique approach. Responsible trading would use less than 5% for each trade. The starting capital used is a responsible and conservative $1000, reflecting the average trader.
This strategy aims to provide a smooth, trend-following approach that may be particularly useful in markets with clear, sustained trends. However, it may lag in choppy or ranging markets due to its heavy smoothing. As with any strategy, it's important to thoroughly back test and forward test before using it with real capital, and to consider using it in conjunction with other analysis tools and risk management techniques.
Other smoothed Heiken Ashi indicators do not provide buy and sell signals, and only show the change in color to dictate a change in trend. By adding buy and sell signals after the close of the changing candle, alerts can be programmed, which helps this be a more hands off protocol to experiment with. Other smoothed Heiken Ashi indicators do not allow for alarms to be set.
This is a unique HODL strategy which helps identify a change in trend, without the noise of day to day volatility. By switching to a line chart, it removes the candles altogether to avoid even more noise. The goal is to HODL a coin while the color is bullish in an uptrend, but once the indicator gives a sell signal, to sell the holdings back to a stable coin and let the chart ride down. Once the chart gives the next buy signal, use that same capital to buy back into the asset. In essence this removes potential losses, and helps buy back in cheaper, gaining more quantitity fo the asset, and therefore reducing your average initial buy in price.
Most HODL strategies ride the price up, miss selling at the top, then riding the price back down in anticipation that it will go back up to sell. This strategy will not hit the absolute tops, but it will greatly reduce potential losses.
Smoothed Heiken Ashi Strategy Long OnlyThis is a trend-following approach that uses a modified version of Heiken Ashi candles with additional smoothing. Here are the key components and features:
1. Heiken Ashi Modification: The strategy starts by calculating Heiken Ashi candles, which are known for better trend visualization. However, it modifies the traditional Heiken Ashi by using Exponential Moving Averages (EMAs) of the open, high, low, and close prices.
2. Double Smoothing: The strategy applies two layers of smoothing. First, it uses EMAs to calculate the Heiken Ashi values. Then, it applies another EMA to the Heiken Ashi open and close prices. This double smoothing aims to reduce noise and provide clearer trend signals.
3. Long-Only Approach: As the name suggests, this strategy only takes long positions. It doesn't short the market during downtrends but instead exits existing long positions when the sell signal is triggered.
4. Entry and Exit Conditions:
- Entry (Buy): When the smoothed Heiken Ashi candle color changes from red to green (indicating a potential start of an uptrend).
- Exit (Sell): When the smoothed Heiken Ashi candle color changes from green to red (indicating a potential end of an uptrend).
5. Position Sizing: The strategy uses a percentage of equity for position sizing, defaulting to 100% of available equity per trade. This should be tailored to each persons unique approach. Responsible trading would use less than 5% for each trade. The starting capital used is a responsible and conservative $1000, reflecting the average trader.
This strategy aims to provide a smooth, trend-following approach that may be particularly useful in markets with clear, sustained trends. However, it may lag in choppy or ranging markets due to its heavy smoothing. As with any strategy, it's important to thoroughly backtest and forward test before using it with real capital, and to consider using it in conjunction with other analysis tools and risk management techniques.
This has been created mainly to provide data to judge what time frame is most profitable for any single asset, as the volatility of each asset is different. This can bee seen using it on AUXUSD, which has a higher profitable result on the daily time frame, whereas other currencies need a higher or lower time frame. The user can toggle between each time frame and watch for the higher profit results within the strategy tester window.
Other smoothed Heiken Ashi indicators also do not provide buy and sell signals, and only show the change in color to dictate a change in trend. By adding buy and sell signals after the close of the candle in which the candle changes color, alerts can be programmed, which helps this be a more hands off protocol to experiment with. Other smoothed Heiken Ashi indicators do not allow for alarms to be set.
This is a unique HODL strategy which helps identify a change in trend, without the noise of day to day volatility. By switching to a line chart, it removes the candles altogether to avoid even more noise. The goal is to HODL a coin while the color is bullish in an uptrend, but once the indicator gives a sell signal, to sell the holdings back to a stable coin and let the chart ride down. Once the chart gives the next buy signal, use that same capital to buy back into the asset. In essence this removes potential losses, and helps buy back in cheaper, gaining more quantitity fo the asset, and therefore reducing your average initial buy in price.
Most HODL strategies ride the price up, miss selling at the top, then riding the price back down in anticipation that it will go back up to sell. This strategy will not hit the absolute tops, but it will greatly reduce potential losses.
MA DifferenceThe MA Difference indicator shows 3 histograms representing differences in moving averages between a base MA (10) and 3 MA's: short (20), medium (50), and long (200). It also shows an exponentially weighted trend line which can indicate breakout opportunities, has alerts on all base <-> X crossovers, and shows potential consolidation zones where MA differences are below a user-defined tolerance.
The suggested way to use this indicator is to place a trade when the trend line is above the histogram (and filling the space between them). This indicates that the current MA values are significantly above or below the expected range and that prices are in the midst of breaking out. You may also consult the consolidation zones to eliminate false breakouts and momentary changes in trend. You may also consult the various short, medium, and long crossovers and crossunders to time entries and exits accordingly.
Histograms
The 3 histograms represent the differences between:
Base MA (10) and Short MA (20)
Base MA (10) and Medium MA (50)
Base MA (10) and Long MA (200)
All 4 moving average values can be configured in the indicator's settings. Consistency in direction and color of the histogram indicates a consistent trend across the various moving averages.
Trend Line
The trend line is an exponentially weighted average of the 3 moving averages, scaled by a factor configurable in the settings. When using the trend line, shading will be applied to the difference between the extremes of the histogram and the trend line to indicate that the chart is in a "breakout zone" and is beyond the normal, gradual sway of price action.
Crossovers/Crossunders
You may optionally turn on crossovers and crossunders in the indicator's settings to display when a short, medium, or long crossover occurs against the base moving average. Likewise, alerts are available for each crossover and crossunder for each of the 3 moving average convergences.
Consolidation Zones
Consolidation zones, as well as a line representing the current amount of consolidation, can also be optionally drawn on the chart. These indicate when a security is likely in consolidation, according to the spread of various MA values.
FVG Positioning Average with 200EMA Auto Trading [Pakun]Description
Strategy Name and Purpose
FVG Positioning Average with 200EMA Auto Trading
This strategy uses Fair Value Gaps (FVG) combined with a 200-period Exponential Moving Average (EMA) and Average True Range (ATR) to generate trend-based trading signals. It is designed to help traders identify high-probability entry points by leveraging the gaps between fair value prices and current market prices.
Originality and Usefulness
This script combines multiple indicators to create a cohesive trading strategy that is greater than the sum of its parts. While FVG is a powerful tool on its own, combining it with the EMA and ATR adds layers of confirmation and risk management, enhancing its effectiveness. Here’s how the components work together:
Fair Value Gap (FVG): Identifies gaps in the market where price action has not fully filled, indicating potential reversal or continuation points.
200-period Exponential Moving Average (EMA): Acts as a trend filter to ensure trades are taken in the direction of the overall trend, improving the probability of success.
Average True Range (ATR): Used to filter out insignificant gaps and set dynamic stop-loss levels based on market volatility, enhancing risk management.
Entry Conditions
Long Entry
The close price crosses above the downtrend FVG.
The close price, FVG up average, and down average are all above the 200 EMA, indicating a strong bullish trend.
Short Entry
The close price crosses below the uptrend FVG.
The close price, FVG up average, and down average are all below the 200 EMA, indicating a strong bearish trend.
Exit Conditions
For long positions, the stop loss is set at the recent low, and the take profit is set at a point with a risk-reward ratio of 1:1.5.
For short positions, the stop loss is set at the recent high, and the take profit is set at a point with a risk-reward ratio of 1:1.5.
Risk Management
Account Size: 1,000,000 yen
Commission and Slippage: 2 pips commission and 1 pip slippage per trade
Risk per Trade: 10% of account equity
The stop loss is based on the recent low or recent high, ensuring trades are exited when the market moves against the position.
Settings Options
FVG Lookback: Set the lookback period for calculating FVGs.
Lookback Type: Choose the type of lookback (Bar Count or FVG Count).
ATR Multiplier: Set the multiplier for ATR to filter significant gaps.
EMA Period: Set the period for the EMA to adjust the trend filter sensitivity.
Show FVGs on Chart: Choose whether to display FVGs on the chart for visual confirmation.
Bullish/Bearish Color: Set the color for bullish and bearish FVGs to distinguish them easily.
Show Gradient Areas: Choose whether to display gradient areas to highlight the zones of interest.
Sufficient Sample Size
The strategy has been backtested with 113 trades, providing a sufficient sample size to evaluate its performance.
Notes
This strategy is based on historical data and does not guarantee future results.
Thoroughly backtest and validate results before using in live trading.
Market volatility and other external factors can affect performance and may not yield expected results.
Acknowledgment
This strategy uses the FVG Positioning Average Strategy indicator. Thanks to for their contribution.
Clean Chart Explanation
The script is published with a clean chart to ensure that its output is readily identifiable and easy to understand. No other scripts are included on the chart, and any drawings or images used are specifically to illustrate how the script works.
Hourly Trading System (Zeiierman)█ Overview
The Hourly Trading System (Zeiierman) is designed to enhance your trading by highlighting critical price levels and trends on an hourly basis. This indicator plots the open prices of hourly and 4-hour candles, visualizes retests, displays average price lines, and overlays higher timeframe candlesticks. It is particularly beneficial for intraday traders seeking to capitalize on short-term price movements and volume patterns.
█ How It Works
This indicator works by plotting significant price levels and zones based on hourly and 4-hour candle opens. It also includes functionalities for identifying retests of these levels, calculating and displaying average prices, and showing high and low labels for each hour.
█ Timeframe
The Hourly Trading System is designed to be used on the 1-minute or 5-minute timeframe. This system is tailored for intraday trading, allowing traders to find optimal entries around hourly opening levels and providing an easy method to identify the hourly trend. It works effectively on any market.
█ How to Use
Trend Analysis
Quickly gauge where the current price stands relative to key hourly and 4-hour levels. The plotted lines and zones serve as potential support and resistance areas, helping traders identify crucial points for entry or exit.
Utilize the 1-hour average and higher timeframe candles to understand the overall market trend. Aligning intraday strategies with larger trends can enhance trading decisions.
Use the bar coloring to quickly gauge the 1-hour trend on a lower timeframe. The bar colors indicate whether the hourly trend is bullish (green) or bearish (red), helping traders make quicker decisions in alignment with the overall trend.
Retest Identification
Enable retest signals to see where the price retested the hourly open levels. These retest points often signal strong price reactions, offering opportunities for trades based on support/resistance flips.
One effective strategy to incorporate is looking for price flips when a new hour starts. This approach involves monitoring price action at the beginning of each hour. If the price breaks and retests the hourly open level with strong momentum, it could indicate a potential trend reversal or continuation. This strategy is effective in volatile markets where price movements are significant at the start of each new hour.
Liquidity Sweep Strategy
Another common and effective strategy is the liquidity sweep. This involves identifying key levels where liquidity is likely to accumulate, such as previous hour highs and lows, and observing how the price interacts with these price levels. When the price sweeps through these levels, triggering stop-loss orders or pending orders, it often results in a sharp price movement followed by a reversal. Traders can capitalize on these movements by entering trades in the direction of the reversal once the liquidity sweep has occurred.
Equal Highs and Lows Strategy
The Equal Highs and Lows strategy leverages the concept of identifying levels where the price forms multiple highs or lows at the same level over different hourly periods. These equal highs and lows often indicate strong support or resistance levels where liquidity is accumulated. When the price approaches these levels, it is likely to trigger stop-loss orders and lead to significant price movements. Traders can look for breakouts or reversals around these levels to enter trades with higher probability setups.
█ Settings
Zone Width: Specifies the width of the zone around the 1-Hour Open as a percentage. Adjust this to widen or narrow the zone.
Show Retests: Enables or disables the display of retest markers. Retest markers show where the price has retested the 1-Hour Open line.
Number of Retests: Sets the number of retests to display. Adjust this to see more or fewer retest markers.
Volume Filter: Enables or disables the volume filter for retests. Use this to highlight retests with significant volume.
Volume Filter Length: Sets the length of the volume filter, smoothing the volume data to reduce noise.
1-Hour Average Line: Enables or disables the 1-hour average price line. This line shows the average price over the past hour.
Hourly High & Low Labels: Enables or disables the display of hourly high and low labels, marking the highest and lowest prices within each hour.
Candlesticks: Enables or disables the display of candlesticks on the chart, providing a detailed view of price action.
Bar Color: Enables or disables bar coloring based on price direction, with up bars in green and down bars in red.
Timeframe: Sets the timeframe for higher timeframe candles. Adjust this to match the period you want to analyze.
Number of Candles: Sets the number of higher timeframe candles to display. Increase this to see more candles on the chart.
Location: Sets the location for higher timeframe candles, allowing you to position them left or right on the chart.
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Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Exponential Smoothing FilterThe digital exponential filter, in finance known as Exponential Moving Average (EMA) , can be used as a technical indicator for chart analysis to visualize uptrends and downtrends in the market. Unlike the classic simple moving average, the EMA requires only two values for its calculation: the last calculated exponential average price and the current price. This is a simple and fast calculation - even for wide smoothing windows. For further details and the math please refer to the "exponential smoothing" article on Wikipedia.
Here are some additional key points about the exponential moving average:
The EMA can react more quickly to price changes because it can give more weight to current prices - depending on your parameter settings.
Short-term, disruptive price fluctuations are smoothed out well, making prevailing trends more visible.
Despite good smoothing properties, it delays the input values slightly, so it can follow sudden trend changes well.
The EMA is well suited to dynamic markets and trading strategies.
The filter is a good basis for further processing such as gradient analysis.
How to use
When you add the script to your charts, you'll immediately see a thin orange line across your time series, smoothing out price fluctuations.
There are only two parameters to set
smoothing factor between 0.0000 = no smoothing and 0.9999 = strong smoothing
input source : open, high, low, close hl2, etc.
Chart output
In the example chart above, you can see that the orange line follows the highs and lows better than the blue line , which is a simple moving average (SMA).
Additionally, the orange line has a shorter lag, or reacts faster when the trend of the original price data suddenly changes. These characteristics are critical for buying and selling decisions: quickly reacting and tracking highs and lows while providing a smooth line that filters out distracting noise.
Ripster MTF CloudsDescription:
MTF EMA Cloud By Ripster
EMA Cloud System is a Trading System Invented by Ripster where areas are shaded between two desired EMAs. The concept implies the EMA cloud area serves as support or resistance for Intraday & Swing Trading. This can be utilized effectively on 10 Min for day trading and 1Hr/Daily for Swings. Ripster himself utilizes various combinations of the 5-12, 34-50, 8-9, 20-21 EMA clouds but the possibilities are endless to find what works best for you.
“Ideally, 5-12 or 5-13 EMA cloud acts as a fluid trendline for day trades. 8-9 EMA Clouds can be used as pullback Levels –(optional). Additionally, a high level price over or under 34-50 EMA clouds confirms either bullish or bearish bias on the price action for any timeframe” – Ripster
This indicator is an extension of the Ripster EMA Clouds. It allows you to visualize Exponential Moving Average (EMA) clouds from any time frame on your current chart, regardless of the chart's own time frame. This functionality is especially useful for traders who want to monitor higher time frame trends and support/resistance levels while trading on lower time frames.
What does this code do?
The Ripster MTF Clouds indicator displays two sets of EMA clouds. Each set consists of a short EMA and a long EMA. By default, the indicator uses Daily 20/21 and 50/55 EMAs, but you can customize these settings to fit your trading strategy. The EMAs are plotted on your chart along with their corresponding clouds, colored for easy differentiation:
EMA 1 (default 50/55): Plotted in blue.
EMA 2 (default 20/21): Plotted in teal.
The indicator uses the security function to fetch EMA values from higher time frames and plots them on your current chart, allowing you to see how these higher time frame EMAs interact with your current time frame's price action.
How to use this indicator:
Adjust Resolution:
Set the "Resolution" input to the time frame from which you want to fetch EMA values. For example, set it to "1H" if you want to see 1-hour EMAs on your current chart.
Customize EMAs:
Modify the "EMA 1 Short Length" and "EMA 1 Long Length" inputs to change the default 50/55 EMAs.
Adjust the "EMA 2 Short Length" and "EMA 2 Long Length" inputs to change the default 20/21 EMAs.
Monitor Clouds:
The indicator fills the area between the short and long EMAs, creating a cloud that helps visualize the trend. A blue cloud indicates the area between the EMA 1 pair, while a teal cloud indicates the area between the EMA 2 pair.
Use Multiple Instances:
You can add multiple instances of this indicator to your chart to monitor multiple higher time frames simultaneously. For instance, one instance can show daily clouds while another shows hourly clouds.
Integration with Trading Strategy:
Use this indicator to identify higher time frame trends and support/resistance levels, which can help improve your trading decisions on lower time frames.
For example, you can go long when the stock is above the 50-55 EMA clouds and 20-21 EMA clouds with daily resolution on a 10-minute chart and short when it is below it.
Similarly, you can short a stock under the 1-hour 34/50 EMA clouds while still trading on a 10-minute chart.
HRC - Hash Rate Capitulation [Da_Prof]The HRC (Hash Rate Capitulation) indicator is a measure of hash rate trend strength. It is the fractional difference between a long and a short simple moving average (SMA) of the bitcoin hash rate. Historically, the 21-day and 105-day SMA work well for this indicator. The hash rate generally increases over time, but when the short SMA crosses below the longer-term SMA, it shows that miners are removing significant hash from the system. This state can be considered a miner "capitulation". Historically, this has marked depressed BTC prices and has led to higher prices within some months. Shout out to foosmoo, the hash rate oscillator indicator prompted this presentation.
Flush Percent RangeFans of Woodies CCI may recognize the approach to this one. This is my attempt at using the same methods but for taking the highs and lows into account without the standard deviation of the CCI. The smoothness of other oscillators may not be ideal however the Williams Percent Range is a fast stochastic that also operates within a channel. This provides an alternative yet still complex view for the virtuoso. A unique feature is total utilization of the weighted moving average, from the standard to the more complex. A fun fact is the Hull Moving Average is actually calculated using weighted moving averages.
How to use:
The base length is for accuracy, the fast length is for catching all the moves(even the wrong ones sometimes.)
The bars back option will not flip the histogram/base trend to its bullish/bearish alternative until the base plot remains on the latter half of the oscillator for a certain number of bars. This can be set to zero if desired.
The factor controls the chop on the various levels. A higher number will increase it.
The oscillator levels are measuring slope, price relative to the average, and a summation of percent changes between the two. Both the baseline/histogram and the levels have color coding for bullishness, bearishness, and indecision(depending on the factor.) The fast line matches the indecision color by default. This is all customizable.
There are many potential ways to trade with this indicator. From hooks back toward the trend and range line crossovers to divergence and reversals. It's important to note the current performance of the oscillator levels. Time cycles may come in handy along with other forecasting tools.
Lastly, there are optional linear regression lines plotted on the chart. They're synchronized to the lengths in the oscillator. This is an additional visual aid to provide context to the direction of the channel.
Overall the Flush Percent Range is for analyzing multiple regression models within a single price channel. No smoothing, fast averages, and specified timeframes of highs/lows. Credit to Larry Williams for the original calculation and Ken Woods for design/methodology inspiration.
Multiple Instrument Automation ScreenerI have developed a Pine Script indicator on TradingView designed to demonstrate how to automate execution for ten instruments. This example utilizes a straightforward, Simple Moving Average (SMA) indicator. You can use it as a template, but use your indicator.
The indicator computes long/short signals based on the crossing of the SMA using the security function
It acts as a screener, presenting calculation results in an organized table format.
Utilizing the varip variable, the indicator sends alerts for multiple instruments sequentially rather than simultaneously.
For every generated signal, the indicator builds and sends a JSON execution command to a third-party tool, ensuring seamless integration and automation. You can use your own format.
Sent alerts look like this:
{"ticker": "DOGEBTC","action": "buy","price": "0.00000199","time": "1719754620658"}
Details and Limitations
Instrument Limit: The example is configured for ten instruments for simplicity. However, it can be expanded to handle up to 40 instruments.
Alert Rate Limit: There is a rate limit of 15 alerts in 3 minutes. Exceeding this limit may cause some alerts to be stopped. This can be managed by tracking the alert times and delaying some alerts, though this may affect the entry prices.
Timing of Signal Generation : The indicator processes signals at the bar close to the active instrument. Due to its computational complexity, there is a slight delay in collecting all records, potentially causing signals to reflect a few seconds before the bar closes. Care should be taken when executing based on these signals.
Disclaimer
Please remember that past performance may not be indicative of future results.
Due to various factors, including changing market conditions, the strategy may no longer perform as well as in historical backtesting.
This post and the script don’t provide any financial advice.
Keltner Channel+EMA with Buy/Sell SignalsIndicator Name: Double Keltner Channel with EMA (Buy/Sell Signals)
Description:
This indicator is designed to help traders identify potential trend reversals and generate buy/sell signals in volatile markets. It combines two Keltner Channels with different sensitivities (multipliers of 2.6 and 3.8) to visualize dynamic support and resistance levels. The addition of a 20-period EMA helps confirm trend direction and filter out potential false signals.
How the Indicator Works:
• Keltner Channels: These bands dynamically adjust to changing market volatility, offering a visual representation of potential price ranges. The 2.6 multiplier Keltner Channel (KC) is more sensitive to price changes, potentially highlighting short-term reversals, while the 3.8 multiplier KC focuses on broader trend shifts.
• 20-period EMA: This widely used trend indicator helps smooth out price fluctuations and identify the underlying direction of the market.
• Buy Signals: Generated when a candle's low touches or crosses below either Keltner Channel's lower band, and within the next 6 candles, that same candle closes above the 20 EMA. This combination suggests a potential rejection of lower prices (support) and a possible resumption of the uptrend.
• Sell Signals: Mirror the buy signal logic but are triggered when the candle's high touches or crosses above either Keltner Channel's upper band and then closes below the 20 EMA within the next 6 candles. This indicates a potential rejection of higher prices (resistance) and a possible shift to a downtrend.
How to Use the Indicator:
1. Identify the Trend: Use the 20 EMA to determine the overall trend direction. Look for buy signals primarily in uptrends and sell signals in downtrends.
2. Confirm with RSI : While not included in this indicator, consider using a separate Relative Strength Index (RSI) with a length of 10, SMA type, MA length of 14, and standard deviation of 2. Look for oversold conditions (RSI below 20) to confirm buy signals and overbought conditions (RSI above 80) to confirm sell signals.
3.Apply Risk Management: Always use appropriate risk management techniques, such as stop-loss orders, to protect your capital.
Key Points:
• This indicator is most effective in trending markets.
• It is not a standalone trading system and should be used in conjunction with other analysis tools and confirmation.
• The Keltner Channel multiplier values can be adjusted to suit your trading style and risk tolerance.
Important Disclaimer:
This indicator is a modification of the original Keltner Channel code and is intended for educational and informational purposes only.
It does not constitute financial advice. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
2 MA Cross Cvg Dvg Slope Overview
This indicator combines the Moving Average Convergence Divergence (MACD) and two Moving Averages (MAs) to assess market momentum and trend direction. It aims to provide insights into the strength and direction of price movements by analyzing the MACD line, MAs slopes, and MA crossovers. Instead of eyeballing the exact MA crossovers and MAs slope steepness on the chart and MACD line changes on separate panes, this indicator pixelate the overloaded information or multiple indicators interpretation into a KISS "boolean" decision making.
Key Components
MACD Line
This line represents the difference between the fast MA and slow MA. It reflects short-term price momentum relative to the long-term trend.
Moving Averages (MAs)
Two types of MAs are utilized in this indicator:
Fast MA (short-term): Often a 9-period MA or similar, which reacts quickly to price changes.
Slow MA (long-term): Typically a 21-period MA or similar, which smooths out price fluctuations and identifies the longer-term trend.
Indicator Logic
MA Crossover: The crossover of the fast MA above the slow MA suggests a bullish trend, while a crossover below indicates a bearish trend.
MA Slope Analysis: The indicator also considers the slopes of both the fast and slow MAs to determine the direction:
Both MA Positive Slope: Indicates upward momentum or bullish trend.
Both MA Negative Slope: Indicates downward momentum or bearish trend.
One MA Positive Slope, the other Negative Slope: Indicates indecision.
MACD Line: MACD Line consecutively increase means increasing positive momentum, vice versa.
Interpretation
Uptrend: When fast MA cross over slow MA. Indicator show "+" symbol at top zone with value 0.5.
Additional Uptrend Confirmation: When both MAs have positive slope. Indicator show only green bar.
Uptrend Upward Momentum: MACD Line increase when fast MA above slow MA. Indicator show "." symbol value 0.75.
Uptrend Downward Momentum: MACD Line decrease when fast MA above slow MA. Indicator show "." symbol value 0.25.
Indecision: When one of the MA has positive slope, but another MA has negative slope. Indicator showing both red and green bar.
Downtrend: When fast MA cross under slow MA. Indicator show "+" symbol at bottom zone with value 0.5.
Additional Downtrend Confirmation: When both MAs have negative slope. Indicator show only red bar.
Downtrend Upward Momentum: MACD Line increase when fast MA below slow MA. Indicator show "." symbol value -0.25.
Uptrend Downward Momentum: MACD Line decrease when fast MA below slow MA. Indicator show "." symbol value -0.75.
Combination of above multiple interpretation can further derive different signal for Trend Starts, Trend Continuous, and Trend Reversals.
Usage
This indicator is valuable for traders seeking to:
Identify entry and exit points based on single or multiple combination of MAs and MACD Line signals.
Confirm trend direction using MAs cross over or cross under spotted easily with the "+" symbol above 0 or below 0.
Double confirm the trend based on two MAs align slope direction.
Understand momentum shifts and potential trend reversals with an easy 4 different dots at -0.75, -0.25, 0.25, and 0.75.
Conclusion
By combining MACD Line analysis with Moving Average slopes and crossovers, this indicator offers a comprehensive approach to assessing market momentum and trend direction. It provides clear signals for traders to make informed decisions on when to enter or exit positions, enhancing overall trading strategy effectiveness without the need of referring to multiple chart or zoom in and out of the price chart to identify the crossover and slope direction.
Scalp Slayer (i)📊 The Foundation: Core Parameters and Inputs
Filter Number: This parameter is the cornerstone of the script’s sensitivity control. It adjusts the threshold for market volatility that the script considers significant enough for a trade. By default, it's set to 1.5, striking a balance between aggressiveness and conservatism. Traders can tweak this number to make the script more or less sensitive to price fluctuations. A higher number captures smaller, more frequent price movements, ideal for an aggressive trading style. Conversely, a lower number filters out minor noise, focusing on more substantial movements.
EMA Trend Period: The Exponential Moving Average (EMA) is critical for identifying the market's direction. The script uses an EMA calculated over a default period of 50 bars to discern whether the market is trending up or down. This helps in making decisions that align with the overall market trend, thereby increasing the likelihood of successful trades.
Lookback Period: This parameter, set to 20 periods by default, is used to calculate recent highs and lows. These values are crucial for setting realistic take profit and stop-loss levels, as they reflect recent market behavior. The lookback period helps the script adapt to current market conditions by analyzing recent price actions to identify key support and resistance levels.
Color Settings: For enhanced visualization, the script allows customization of colors for take profit and stop-loss markers. By default, take profit levels are marked in orange, and stop-loss levels in red. This color coding helps traders quickly identify important levels on the chart.
Visibility Controls: The script includes options to toggle the display of buy and sell labels, as well as to enable or disable strategy plotting for backtesting and real-time analysis. These controls help traders tailor the script’s visual output to their preferences, making it easier to focus on key trading signals.
🛠️ The Mechanics: How "Scalp Slayer (i)" Operates
1. Calculating the Trading Range and Trend EMA
True Range Calculation: The script begins by calculating the true range, which is the difference between the high and low prices of a bar. This measure of volatility is crucial for identifying significant price movements.
EMA of True Range: The script then smooths the true range using an Exponential Moving Average (EMA). This helps filter out minor price fluctuations, ensuring that the script only reacts to meaningful changes in price. The sensitivity of this filter is adjusted by the filter number, which multiplies the EMA to fine-tune the script's responsiveness to price changes.
Trend EMA: To determine the market’s trend, the script calculates an EMA over the close prices for the specified trend period (default is 50). This trend EMA acts as a benchmark for identifying whether the market is trending up or down. The script uses this trend filter to ensure trades are made in the direction of the prevailing market trend, thereby reducing the risk of trading against the trend.
2. Identifying Recent Highs and Lows
Recent Highs and Lows: The script uses the lookback period to identify the highest and lowest prices over a set number of bars. These recent highs and lows serve as reference points for setting take profit and stop-loss levels. By analyzing recent price action, the script ensures that these levels are relevant to current market conditions, providing a dynamic and contextually accurate approach to risk management.
🔄 Strategic Entry and Exit Conditions
3. Defining Buy and Sell Conditions
Buy Condition: The script establishes a set of criteria for entering a buy trade. First, the closing price must be above the trend EMA, indicating an upward trend. Additionally, the script looks for a sequence of candles showing progressively higher closes, signifying strong upward momentum. The current trading range must exceed the EMA of the true range, confirming that the market is experiencing significant movement. This combination of trend alignment and momentum ensures that buy trades are placed in favorable market conditions.
Sell Condition: Similarly, for sell trades, the script requires the closing price to be below the trend EMA, indicating a downward trend. It also checks for a sequence of candles with progressively lower closes, indicating strong downward momentum. The trading range must again exceed the EMA of the true range, ensuring that the market is moving significantly. These conditions help ensure that sell trades are only taken when the market is likely to continue moving downwards, increasing the chances of profitable trades.
4. Executing Trades and Setting Profit Targets
Long Entry: When the buy condition is met, the script enters a long position at the closing price of the confirmation bar. It then sets a take profit level at the recent high, which serves as a realistic target based on recent price action. The stop-loss level is set at the recent low, providing a safety net against adverse price movements. This approach ensures that trades are closed at optimal points, maximizing profit while minimizing risk.
Short Entry: When the sell condition is met, the script enters a short position at the closing price of the confirmation bar. The take profit level is set at the recent low, and the stop-loss level is set at the recent high. This setup ensures that short trades are closed at favorable levels, capturing gains while protecting against potential losses.
5. Managing Take Profit and Stop Loss
Take Profit and Stop Loss Mechanism: The script continually monitors the market for conditions that meet the take profit or stop-loss criteria. For long trades, the script closes the position if the price reaches or exceeds the take profit level, ensuring profits are locked in. It also closes the position if the price drops to or below the stop-loss level, preventing further losses. For short trades, the script closes the position if the price drops to or below the take profit level, or rises to or above the stop-loss level. This dynamic management of trades helps ensure that profits are maximized while risks are minimized.
🌟 Enhanced Visuals and Debugging Features
Customizable and Informative Plots
Buy and Sell Labels: The script includes options to display labels for buy and sell signals on the chart. These labels provide clear visual cues for trading opportunities, making it easy to identify entry points at a glance. Traders can customize the visibility of these labels based on their preferences, helping them focus on the most important signals.
Take Profit and Stop Loss Markers: To aid in monitoring trades, the script displays distinctive markers for take profit and stop-loss levels. These markers are color-coded for easy differentiation and are placed on the chart to provide clear indications of where trades are likely to be closed. This visual representation helps traders quickly assess the status of their trades and make informed decisions.
Trend and Price Plots: The script plots the trend EMA and recent highs/lows on the chart for quick reference. These plots provide a visual representation of key levels and trends, helping traders make more informed decisions based on current market conditions. By displaying these critical levels, the script enhances situational awareness and aids in the decision-making process.
Debugging and Validation Tools
Bar Index Plotting: For those interested in validating the script's performance, the script includes options to plot the bar index. This feature allows traders to monitor the script's behavior in real-time, ensuring that it is functioning as expected. This can be particularly useful for debugging and optimizing the script.
Condition Printing: The script also includes options to print detailed information about take profit and stop-loss conditions. This feature provides insights into the script's decision-making process, helping traders understand why certain trades were executed or closed. By providing transparency into the script's logic, this feature aids in fine-tuning and improving the script's performance.
Scalping System by Machine# Custom Trading System Indicator
This Pine Script indicator is designed to identify potential trading setups based on a specific set of rules. It's intended for use on lower timeframes (M1-M5) in the forex market, particularly during the New York-London overlap period.
## Key Features
1. **EMA Condition**: Uses a 20-period Exponential Moving Average (EMA) to determine trend direction.
2. **Candle Analysis**: Identifies strong bars and candle color changes.
3. **Volume Confirmation**: Checks for increasing volume.
4. **Volatility Filter**: Utilizes the Average True Range (ATR) to gauge market volatility.
5. **Time-based Filter**: Highlights the New York-London overlap period.
6. **Visual Aids**: Plots potential entry points, stop losses, and take profit levels.
## Trading Rules
1. **Buy Signal**:
- Price is above the 20 EMA
- Candle color changes from red to green
- Current candle is a strong bar (closing within 75% of its range)
- Volume is higher than the previous bar
- ATR(14) is above 4 pips OR it's during the NY-London overlap
2. **Sell Signal**:
- Price is below the 20 EMA
- Candle color changes from green to red
- Current candle is a strong bar (closing within 75% of its range)
- Volume is higher than the previous bar
- ATR(14) is above 4 pips OR it's during the NY-London overlap
3. **Stop Loss**: Placed near the low of the setup candle for buys, or near the high for sells.
4. **Take Profit**: Aimed at 1R (one times the range of the setup candle).
## Visual Elements
- **20 EMA**: Plotted as a blue line on the chart.
- **Buy Signals**: Green triangles below the candles.
- **Sell Signals**: Red triangles above the candles.
- **Stop Loss Levels**: Small red dots at the calculated stop loss prices.
- **Take Profit Levels**: Small green dots at the calculated take profit prices.
- **Information Table**: Displays current values for ATR, strong bar condition and volume condition.
## Usage Notes
1. This indicator is designed for manual trading, not automated execution.
2. It works best when combined with analysis of major trend lines, support, and resistance levels.
3. Exercise caution with very large setup candles.
4. Consider additional filters or money management rules for enhanced performance.
5. For higher timeframe bias validation, consider incorporating a 100-period break of structure (BOS) analysis.
## Customization
The indicator includes several input parameters that can be adjusted:
- EMA Length
- ATR Length and Threshold
- Volume Multiplier
- Strong Bar Percentage
Users can also toggle the visibility of stop loss and take profit markers.
Remember, while this indicator can identify potential setups, it should be used in conjunction with other forms of analysis and risk management strategies. Always consider the overall market context and your personal risk tolerance when making trading decisions.
Average Open-to-X Analysis (OHA)Description:
The Average Open-to-X Analysis (OHA) indicator provides a comprehensive look at the average price differences between the opening price and the subsequent high, low, and closing prices over a specified lookback period. This allows traders to quickly assess average price movements relative to the open, offering insights into potential volatility and trading opportunities.
Key Features:
Average Differences: Calculates and plots the average differences between:
Open to Close
Open to Low
Open to High
Average of Averages: Calculates and plots the average of the above three averages, providing a consolidated view of overall price movement.
Percentage Changes: Displays both the absolute average differences and their corresponding percentage changes relative to the opening price.
Customizable Lookback Period: Users can adjust the number of bars to consider for the average calculations.
Visual Presentation: Presents the results in both line plots and a clear table for easy interpretation.
Color-Coded Insights: Uses color to highlight the direction of the average price movements (positive or negative).
How to Use:
Add the Indicator: Search for "Average Open-to-X Analysis (OHA)" in TradingView's indicator library.
Customize: Adjust the lookback period and color settings as desired.
Interpret:
Positive Averages: Indicate an upward bias from the open.
Negative Averages: Suggest a downward bias from the open.
Large Percentages: Signal potentially greater volatility.
Average of Averages: Provides an overall sense of price direction and strength.
Additional Notes:
The OHA indicator can be used on various timeframes to identify recurring patterns in price behavior relative to the open.
Combine OHA with other indicators and technical analysis tools for a more comprehensive trading strategy.
MAC Investor V3.0 [VK]This indicator combines multiple functionalities to assist traders in making informed decisions. It primarily uses Heikin Ashi candles, Moving Averages, and a Price Action Channel (PAC) to provide signals for entering and exiting trades. Here's a detailed breakdown:
Inputs
MAC Length: Sets the length for the PAC calculation.
Use Heikin Ashi Candles: Option to use Heikin Ashi candles for calculations.
Show Coloured Bars around MAC: Option to color bars based on their relation to the PAC.
Show Long/Short Signals: Options to display long and short signals.
Show MAs? : Option to show moving averages on the chart.
Show MAs Trend at the Bottom?: Option to show trend signals at the bottom of the chart.
MA Lengths: Length settings for three different moving averages.
Change MA Color Based on Direction?: Option to change the color of moving averages based on trend direction.
MA Higher TimeFrame: Allows setting a higher timeframe for moving averages.
Show SL-TP Lines: Option to display Stop Loss and Take Profit lines.
SL/TP Percentages: Set the percentages for Stop Loss and three levels of Take Profit.
Calculations and Features
Heikin Ashi Candles: Calculations are based on Heikin Ashi candle data if selected.
Price Action Channel (PAC): Uses Exponential Moving Averages (EMA) of the high, low, and close to create a channel.
Bar Coloring: Colors the bars based on their position relative to the PAC.
Long and Short Signals: Uses crossovers of the close price and PAC upper/lower bands to generate signals.
Moving Averages (MA): Plots three moving averages and colors them based on their trend direction.
Overall Trend Indicators: Uses triangles at the bottom of the chart to show the overall trend of the MAs.
Stop Loss and Take Profit Levels: Calculates and plots these levels based on user-defined percentages from the entry price.
Alerts: Provides alerts for long and short signals.
Use Cases and How to Use
Identifying Trends: The PAC helps to identify the trend direction. If the closing price is above the PAC upper band, it suggests an uptrend; if below the lower band, it suggests a downtrend.
Entering Trades: Use the long and short signals to enter trades. A long signal is generated when the closing price crosses above the PAC upper band, and a short signal is generated when it crosses below the PAC lower band.
Exit Strategies: Utilize the Stop Loss (SL) and Take Profit (TP) levels to manage risk and lock in profits. These levels are automatically calculated based on the entry price and user-defined percentages.
Trend Confirmation with MAs: The moving averages provide additional confirmation of the trend. When all three MAs are trending in the same direction (e.g., all green for an uptrend), it adds confidence to the trade signal.
Overall Trend Indicators: The triangles at the bottom of the chart show the overall trend direction of the MAs:
Green Triangle: All three MAs are trending upwards, indicating a strong uptrend.
Red Triangle: All three MAs are trending downwards, indicating a strong downtrend.
Yellow Triangle: Mixed signals from the MAs, indicating no clear trend.
Bar Coloring for Quick Analysis: The colored bars give a quick visual cue about the market condition, aiding in faster decision-making.
Alerts: Set up alerts to get notified when a long or short signal is generated, allowing you to act promptly without constantly monitoring the chart.
Maximizing Profit
To maximize profit with this indicator:
Follow the Signals: Use the long and short signals to time your entries. Ensure you follow the trend indicated by the PAC and MAs.
Risk Management: Always set your Stop Loss and Take Profit levels to manage risk. This will help you cut losses early and secure profits.
Confirm with MAs: Look for confirmation from the moving averages. When all MAs align with the signal, it indicates a stronger trend.
Overall Trend Indicators: Pay attention to the triangles at the bottom for overall trend confirmation. Only enter trades when the overall trend is in your favor.
Heikin Ashi for Smoothing: Use Heikin Ashi candles for smoother trends and fewer false signals.
Backtesting: Test the indicator on historical data to understand its performance and adjust settings as necessary.
Adapt to Market Conditions: Adjust the lengths of PAC and MAs based on the market's volatility and timeframe you are trading on.
How to Use the Indicator
Add to Chart: Add the indicator to your TradingView chart.
Configure Settings: Customize the input settings to fit your trading strategy and timeframe.
Monitor Signals: Watch for long and short signals and observe the trend direction with the PAC and MAs.
Check Overall Trend: Look at the triangles at the bottom of the chart to see the overall trend direction of the MAs.
Set Alerts: Configure alerts to get notified of new signals.
Manage Trades: Use the SL and TP levels to manage your trades effectively.
Sniper Entry using RSI confirmationThis is a sniper entry indicator that provides Buy and Sell signals using other Indicators to give the best possible Entries (note: Entries will not be 100 percent accurate and analysis should be done to support an entry)
Moving Average Crossovers:
The indicator uses two moving averages: a short-term SMA (Simple Moving Average) and a long-term SMA.
When the short-term SMA crosses above the long-term SMA, it generates a buy signal (indicating potential upward momentum).
When the short-term SMA crosses below the long-term SMA, it generates a sell signal (indicating potential downward momentum).
RSI Confirmation:
The indicator incorporates RSI (Relative Strength Index) to confirm the buy and sell signals generated by the moving average crossovers.
RSI is used to gauge the overbought and oversold conditions of the market.
A buy signal is confirmed if RSI is below a specified overbought level, indicating potential buying opportunity.
A sell signal is confirmed if RSI is above a specified oversold level, indicating potential selling opportunity.
Dynamic Take Profit and Stop Loss:
The indicator calculates dynamic take profit and stop loss levels based on the Average True Range (ATR).
ATR is used to gauge market volatility, and the take profit and stop loss levels are adjusted accordingly.
This feature helps traders to manage their risk effectively by setting appropriate profit targets and stop loss levels.
Combining the information provided by these, the indicator will provide an entry point with a provided take profit and stop loss. The indicator can be applied to different asset classes. Risk management must be applied when using this indicator as it is not 100% guaranteed to be profitable.
Goodluck!
HMA Crossover 1H with RSI, Stochastic RSI, and Trailing StopThe strategy script provided is a trading algorithm designed to help traders make informed buy and sell decisions based on certain technical indicators. Here’s a breakdown of what each part of the script does and how the strategy works:
Key Components:
Hull Moving Averages (HMA):
HMA 5: This is a Hull Moving Average calculated over 5 periods. HMAs are used to smooth out price data and identify trends more quickly than traditional moving averages.
HMA 20: This is another HMA but calculated over 20 periods, providing a broader view of the trend.
Relative Strength Index (RSI):
RSI 14: This is a momentum oscillator that measures the speed and change of price movements over a 14-period timeframe. It helps identify overbought or oversold conditions in the market.
Stochastic RSI:
%K: This is the main line of the Stochastic RSI, which combines the RSI and the Stochastic Oscillator to provide a more sensitive measure of overbought and oversold conditions. It is smoothed with a 3-period simple moving average.
Trading Signals:
Buy Signal:
Generated when the 5-period HMA crosses above the 20-period HMA, indicating a potential upward trend.
Additionally, the RSI must be below 45, suggesting that the market is not overbought.
The Stochastic RSI %K must also be below 39, confirming the oversold condition.
Sell Signal:
Generated when the 5-period HMA crosses below the 20-period HMA, indicating a potential downward trend.
The RSI must be above 60, suggesting that the market is not oversold.
The Stochastic RSI %K must also be above 63, confirming the overbought condition.
Trailing Stop Loss:
This feature helps protect profits by automatically selling the position if the price moves against the trade by 5%.
For sell positions, an additional trailing stop of 100 points is included.
Price & Moving Average + Financial IndicatorThis indicator displays:
Moving Average that can be set into SMA or EMA: Default setting is SMA 50
Label price for today's MA
Basic Financial Data:
Type of Sector
Type of Industry
P/E Ratio
Price to Book Ratio
ROE
Revenue (FQ)
Earnings (FQ)
Once again, I let the script open for you guys to custom it based on your own preferences. Hope you guys enjoy it!
Multiple Moving Averages, Bollinger Bands, VWAP Options - Lett5 simple moving averages.
You decide:
1. The type of moving average
2. The length of the moving average
3. To show Bollinger Bands
4. To show VWAP.
Shuey KGBBMA TF 15Indicator: 5 Bollinger Bands with Individual Settings based on Kang Gun BBMA
Overview
The "5 Bollinger Bands with Individual Settings" indicator is a versatile technical analysis tool designed for TradingView users. It allows traders to visualize five separate Bollinger Bands on a single chart, each with customizable settings for length (period) and standard deviation multiplier. This flexibility enables traders to analyze price volatility and trends over different timeframes and sensitivity levels simultaneously.
Purpose
Bollinger Bands are widely used to identify periods of high and low volatility, potential price breakouts, and overbought or oversold conditions. By providing five sets of Bollinger Bands with individual settings, this indicator helps traders:
Compare volatility across different periods.
Detect multiple levels of support and resistance.
Identify trends and potential reversal points with greater precision.
Tailor their analysis to specific trading strategies and asset classes.
How It Works
Input Parameters:
Length: Number of periods used to calculate the Simple Moving Average (SMA).
Multiplier: Number of standard deviations to set the width of the Bollinger Bands.
Bollinger Bands Calculation:
Middle Band: The SMA of the chosen length.
Upper Band: The middle band plus the product of the standard deviation and the multiplier.
Lower Band: The middle band minus the product of the standard deviation and the multiplier.
Standard Deviation:
The standard deviation is calculated over the same period as the SMA to measure the dispersion of price data.
Customization Options
Length 1-5: Individual period settings for each Bollinger Band set.
Multiplier 1-5: Individual standard deviation multipliers for each Bollinger Band set.
Source: The price data used for calculations (e.g., closing price).
Usage
Volatility Analysis: Use different lengths and multipliers to assess price volatility over various timeframes. Wider bands indicate higher volatility, while narrower bands suggest lower volatility.
Trend Identification: Bands that expand and contract can help identify trending markets versus ranging markets. Multiple bands can show the interaction of different trend periods.
Overbought/Oversold Conditions: Prices touching or breaching the upper band may indicate overbought conditions, while prices near the lower band may suggest oversold conditions.
Support and Resistance: Upper and lower bands often act as dynamic support and resistance levels.
Practical Tips
Combine multiple sets of Bollinger Bands to get a comprehensive view of market conditions.
Adjust lengths and multipliers based on the asset’s volatility and your trading timeframe.
Use in conjunction with other technical indicators to confirm signals and enhance your trading strategy.
Crypto SeasonDefinition
This indicator is an informative indicator aiming to predict when the Altcoin season will start and when Bitcoin will enter the month season.
The average of the graph shows the dominance of altcoins other than BTC, ETH and USDT. If this value is over 30, the BTC says that the bull season is over. This value indicates that 20 to 30 BTC is in the bull season or accumulation. If this value is less than 20, it means that the subcoin season has begun.
Disclaimer
This indicator is for informational purposes only and should be used for educational purposes only. You may lose money if you rely on this to trade without additional information. Use at your own risk.
Version
v1.0
