MACD Buy/Sell Labels + Barcolor👉 MACD Buy/Sell Labels + Barcolor
This advanced indicator combines the functionality of the MACD (Moving Average Convergence Divergence) with intuitive and customizable visual features, making it ideal for traders looking for an efficient tool to confirm buy and sell signals across any market.
It is based on the logical interpretation of a modified oscillator to improve its performance and simplify its usage. The indicator integrates seamlessly into the chart, offering an intuitive and easy-to-understand experience.
📍 Labels (Buy/Sell):
The signals are generated automatically by crossovers between the Fast EMA and Slow EMA of the Gaussian MACD. It comes with a default configuration designed to favor clean crossovers while avoiding false signals.
🧪 Barcolor:
The color of the candles dynamically changes according to the range of the Gaussian MACD histogram. This allows for a clear visualization of the MACD's status without needing to display the full oscillator. This feature integrates with the labels, as explained in the "Interpretation" section, to significantly increase their probability of success. Both the ranges and colors are fully customizable through the settings panel.
⚙️ Settings:
All aspects of the indicator can be customized:
1-MACD: Like a standard MACD, you can adjust the EMA lengths and the signal smoothing to adapt it to your trading style and the markets you trade.
2-Barcolor: The predefined values highlight extreme levels for proper interpretation, as explained in the "Interpretation" section. However, intermediate levels are also included in case you want to implement them in your strategy. You can adjust these values based on what you consider "overbought" or "oversold." This flexibility allows adaptation to various assets, as oscillator behavior varies across different instruments.
3-Buy/Sell Filter:
The filter settings allow you to further refine the signals. The default values of -70 (Buy Filter) and 80 (Sell Filter) work best for me, but you can adjust them as you see fit. Keep in mind:
-Higher distance from zero: More filtered signals (fewer, but higher quality).
-Closer to zero: Less filtered signals (more frequent, but with increased risk of false signals).
🤔 Interpretation:
As mentioned earlier, this follows the classic interpretation of a MACD oscillator: overbought/oversold levels combined with crossovers. However, the barcolor variable is what makes this indicator truly unique.
With barcolor, you can detect potential divergences and confirm them using the labels. When the oscillator reaches an extreme zone, barcolor provides a visual alert. Once the oscillator exits this zone, the candles revert to their normal color. This signals that the oscillator is dropping. If the price continues rising, this divergence can indicate an anomaly in the market. Waiting for confirmation from the label increases the probability of successful trades while detecting unusual market deviations without even looking at the oscillator.
Purpose:
This indicator is designed to help traders simplify the interpretation of the MACD. It can be used on any timeframe, but it was primarily tested using technical analysis concepts and basic liquidity principles. Its effectiveness improves significantly if you understand broader market dynamics.
Disclaimer:
This is purely an analytical tool and should NOT be considered as trading signals. Perform your own research and make decisions based solely on your responsibility. Thank you!
อินดิเคเตอร์และกลยุทธ์
Hourly Change Table (UTC Adjustable)### Indicator Description: Hourly Change Table (UTC Adjustable)
The **Hourly Change Table (UTC Adjustable)** is a powerful tool designed for analyzing **hourly average price changes** across financial instruments. By calculating and sorting these averages, the indicator identifies the hours with the most significant positive and negative price movements. It also provides visual highlights directly on the chart for easier decision-making.
---
### What Does This Indicator Do?
1. **Analyzes Hourly Average Price Changes**:
- It calculates the **average percentage price change** for each hour based on the selected lookback period.
2. **Displays a Ranked Table**:
- The indicator generates a table ranking hourly averages from the highest to the lowest, allowing you to see which hours are the most impactful.
3. **Highlights Max and Min Hours on the Chart**:
- The hour with the highest average price change is highlighted in **green**.
- The hour with the lowest average price change is highlighted in **red**.
4. **Adjusts for Time Zones**:
- A customizable **UTC Offset** ensures the indicator aligns with your preferred time zone.
---
### Key Features
1. **Customizable Lookback Period**:
- Define how many bars the indicator analyzes to calculate meaningful trends.
2. **Time Zone Adjustment**:
- Adjust the UTC offset to match your local trading hours or preferred analysis window.
3. **Graphical Chart Highlights**:
- Instantly identify the most significant hours with color-coded chart backgrounds.
4. **Sorted Data Table**:
- View a ranked list of hourly averages with the maximum and minimum values highlighted for quick reference.
---
### How to Use This Indicator?
1. **Add to Your Chart**:
- Apply the indicator to any financial instrument and time frame on TradingView.
2. **Set the Lookback Period**:
- Configure the "Lookback Bars" setting to define how many bars the indicator should analyze.
3. **Configure the UTC Offset**:
- Align the indicator with your preferred time zone by setting the appropriate UTC offset (e.g., `2` for UTC+2).
4. **Enable Background Highlighting (Optional)**:
- Turn on "Enable Background Highlighting" to visually highlight the max and min hours on the chart.
5. **Analyze the Table**:
- Use the table to identify consistent hourly trends and make informed trading decisions based on historical data.
---
### Practical Use Cases
- **Volatility Analysis**:
- Identify the hours of highest activity or price movement to create a more effective trading plan.
- **Market Timing**:
- Optimize entry and exit points by focusing on the hours with the highest or lowest average changes.
- **Custom Strategy Development**:
- Incorporate hourly averages into your trading strategies for greater precision.
---
### Example (BTC/USD)
1. You are analyzing the **BTC/USD pair** and set the **UTC Offset** to `2` (UTC+2) to match your local time zone.
2. The indicator calculates and identifies:
- **10:00-11:00 (UTC+2)** as the hour with the highest average price increase (e.g., +0.85%).
- **14:00-15:00 (UTC+2)** as the hour with the lowest average price change (e.g., -0.65%).
3. Based on this information:
- You decide to **closely monitor 10:00-11:00** for potential bullish activity or upward momentum.
- You prepare for **14:00-15:00** to act cautiously or position for potential bearish movements.
---
### Important Notes
- **This indicator does not provide financial or investment advice.**
- It is intended solely for **educational purposes** to assist traders in analyzing historical price data.
- Always consider additional market factors, perform your own research, and consult with a financial advisor before making trading or investment decisions.
---
This description emphasizes that the indicator calculates **hourly averages**, while also including a disclaimer clarifying its educational purpose. It’s suitable for publication on TradingView.
Fractal levels Gold [AstroHub]This indicator detects key fractal points on a price chart and visually marks them with shapes and levels. It helps traders identify potential reversal zones and dynamic support/resistance levels, enhancing market analysis.
Key Features:
Fractal Detection:
The indicator identifies top and bottom fractals using a 5-bar pattern.
A top fractal forms when the middle bar has a higher high compared to the two bars on either side.
A bottom fractal forms when the middle bar has a lower low compared to the two bars on either side.
Fractal Filtering:
The indicator can filter out "pristine" fractals (uninterrupted fractal patterns) based on custom conditions, making it more selective and reducing false signals.
Fractal Plotting:
are plotted as downward triangles.
are plotted as upward triangles.
Users can choose to display or hide fractal points and their corresponding labels.
Fractal Levels:
The indicator automatically plots fractals' levels on the chart, marking potential resistance and support zones.
Fractal levels change dynamically as new fractals are identified.
Customizable Display Options:
Show or hide fractals and levels with adjustable settings.
Choose whether to apply filtering for pristine fractals.
Display the pivot labels to easily track fractal positions.
How It Works:
The indicator uses a simple approach to recognize top and bottom fractals . When a valid fractal is detected, it highlights it on the chart and plots the corresponding price level.
By default, top fractals are shown above the bars (red color), and bottom fractals are shown below the bars (green color).
Fractal levels represent potential reversal points and can act as dynamic support and resistance zones.
Best Use:
The indicator is particularly useful in identifying reversal points and trend changes, helping traders to spot key price levels.
It can be used across various timeframes and markets, particularly for trend-following or reversal strategies.
Customizable Settings:
Show Pivots: Toggle the display of pivot points.
Show Pivot Labels: Display labels for pivot levels.
Show Fractals: Toggle fractal points on the chart.
Show Fractal Levels: Show or hide the levels corresponding to the detected fractals.
Filter for Pristine Fractals: Enable this option to filter out non-pristine fractals for higher accuracy.
Conclusion:
This indicator provides clear, actionable fractal signals, helping traders easily identify critical levels for entry and exit. With customizable settings and visual cues, it's suitable for both novice and expe
Watermark with dynamic variables [BM]█ OVERVIEW
This indicator allows users to add highly customizable watermark messages to their charts. Perfect for branding, annotation, or displaying dynamic chart information, this script offers advanced customization options including dynamic variables, text formatting, and flexible positioning.
█ CONCEPTS
Watermarks are overlay messages on charts. This script introduces placeholders — special keywords wrapped in % signs — that dynamically replace themselves with chart-related data. These watermarks can enhance charts with context, timestamps, or branding.
█ FEATURES
Dynamic Variables : Replace placeholders with real-time data such as bar index, timestamps, and more.
Advanced Customization : Modify text size, color, background, and alignment.
Multiple Messages : Add up to four independent messages per group, with two groups supported (A and B).
Positioning Options : Place watermarks anywhere on the chart using predefined locations.
Timezone Support : Display timestamps in a preferred timezone with customizable formats.
█ INPUTS
The script offers comprehensive input options for customization. Each Watermark (A and B) contains identical inputs for configuration.
Watermark settings are divided into two levels:
Watermark-Level Settings
These settings apply to the entire watermark group (A/B):
Show Watermark: Toggle the visibility of the watermark group on the chart.
Position: Choose where the watermark group is displayed on the chart.
Reverse Line Order: Enable to reverse the order of the lines displayed in Watermark A.
Message-Level Settings
Each watermark contains up to four configurable messages. These messages can be independently customized with the following options:
Message Content: Enter the custom text to be displayed. You can include placeholders for dynamic data.
Text Size: Select from predefined sizes (Tiny, Small, Normal, Large, Huge) or specify a custom size.
Text Alignment and Colors:
- Adjust the alignment of the text (Left, Center, Right).
- Set text and background colors for better visibility.
Format Time: Enable time formatting for this watermark message and configure the format and timezone. The settings for each message include message content, text size, alignment, and more. Please refer to Formatting dates and times for more details on valid formatting tokens.
█ PLACEHOLDERS
Placeholders are special keywords surrounded by % signs, which the script dynamically replaces with specific chart-related data. These placeholders allow users to insert dynamic content, such as bar information or timestamps, into watermark messages.
Below is the complete list of currently available placeholders:
bar_index , barstate.isconfirmed , barstate.isfirst , barstate.ishistory , barstate.islast , barstate.islastconfirmedhistory , barstate.isnew , barstate.isrealtime , chart.is_heikinashi , chart.is_kagi , chart.is_linebreak , chart.is_pnf , chart.is_range , chart.is_renko , chart.is_standard , chart.left_visible_bar_time , chart.right_visible_bar_time , close , dayofmonth , dayofweek , dividends.future_amount , dividends.future_ex_date , dividends.future_pay_date , earnings.future_eps , earnings.future_period_end_time , earnings.future_revenue , earnings.future_time , high , hl2 , hlc3 , hlcc4 , hour , last_bar_index , last_bar_time , low , minute , month , ohlc4 , open , second , session.isfirstbar , session.isfirstbar_regular , session.islastbar , session.islastbar_regular , session.ismarket , session.ispostmarket , session.ispremarket , syminfo.basecurrency , syminfo.country , syminfo.currency , syminfo.description , syminfo.employees , syminfo.expiration_date , syminfo.industry , syminfo.main_tickerid , syminfo.mincontract , syminfo.minmove , syminfo.mintick , syminfo.pointvalue , syminfo.prefix , syminfo.pricescale , syminfo.recommendations_buy , syminfo.recommendations_buy_strong , syminfo.recommendations_date , syminfo.recommendations_hold , syminfo.recommendations_sell , syminfo.recommendations_sell_strong , syminfo.recommendations_total , syminfo.root , syminfo.sector , syminfo.session , syminfo.shareholders , syminfo.shares_outstanding_float , syminfo.shares_outstanding_total , syminfo.target_price_average , syminfo.target_price_date , syminfo.target_price_estimates , syminfo.target_price_high , syminfo.target_price_low , syminfo.target_price_median , syminfo.ticker , syminfo.tickerid , syminfo.timezone , syminfo.type , syminfo.volumetype , ta.accdist , ta.iii , ta.nvi , ta.obv , ta.pvi , ta.pvt , ta.tr , ta.vwap , ta.wad , ta.wvad , time , time_close , time_tradingday , timeframe.isdaily , timeframe.isdwm , timeframe.isintraday , timeframe.isminutes , timeframe.ismonthly , timeframe.isseconds , timeframe.isticks , timeframe.isweekly , timeframe.main_period , timeframe.multiplier , timeframe.period , timenow , volume , weekofyear , year
█ HOW TO USE
1 — Add the Script:
Apply "Watermark with dynamic variables " to your chart from the TradingView platform.
2 — Configure Inputs:
Open the script settings by clicking the gear icon next to the script's name.
Customize visibility, message content, and appearance for Watermark A and Watermark B.
3 — Utilize Placeholders:
Add placeholders like %bar_index% or %timenow% in the "Watermark - Message" fields to display dynamic data.
Empty lines in the message box are reflected on the chart, allowing you to shift text up or down.
Using in the message box translates to a new line on the chart.
4 — Preview Changes:
Adjust settings and view updates in real-time on your chart.
█ EXAMPLES
Branding
DodgyDD's charts
Debugging
█ LIMITATIONS
Only supports variables defined within the script.
Limited to four messages per watermark.
Visual alignment may vary across different chart resolutions or zoom levels.
Placeholder parsing relies on correct input formatting.
█ NOTES
This script is designed for users seeking enhanced chart annotation capabilities. It provides tools for dynamic, customizable watermarks but is not a replacement for chart objects like text labels or drawings. Please ensure placeholders are properly formatted for correct parsing.
Additionally, this script can be a valuable tool for Pine Script developers during debugging . By utilizing dynamic placeholders, developers can display real-time values of variables and chart data directly on their charts, enabling easier troubleshooting and code validation.
Crypto Price Volatility Range# Cryptocurrency Price Volatility Range Indicator
This TradingView indicator is a visualization tool for tracking historical volatility across multiple major cryptocurrencies.
## Features
- Real-time volatility tracking for 14 major cryptocurrencies
- Customizable period and standard deviation multiplier
- Individual color coding for each currency pair
- Optional labels showing current volatility values in percentage
## Supported Cryptocurrencies
- Bitcoin (BTC)
- Ethereum (ETH)
- Avalanche (AVAX)
- Dogecoin (DOGE)
- Hype (HYPE)
- Ripple (XRP)
- Binance Coin (BNB)
- Cardano (ADA)
- Tron (TRX)
- Chainlink (LINK)
- Shiba Inu (SHIB)
- Toncoin (TON)
- Sui (SUI)
- Stellar (XLM)
## Settings
- **Period**: Timeframe for volatility calculation (default: 20)
- **Standard Deviation Multiplier**: Multiplier for standard deviation (default: 1.0)
- **Show Labels**: Toggle label display on/off
## Calculation Method
The indicator calculates volatility using the following method:
1. Calculate daily logarithmic returns
2. Compute standard deviation over the specified period
3. Annualize (multiply by √252)
4. Convert to percentage (×100)
## Usage
1. Add the indicator to your TradingView chart
2. Adjust parameters as needed
3. Monitor volatility lines for each cryptocurrency
4. Enable labels to see precise current volatility values
## Notes
- This indicator displays in a separate window, not as an overlay
- Volatility values are annualized
- Data for each currency pair is sourced from USD pairs
DipTrendCatcherThe DipTrendCatcher is a trend-following strategy designed to capitalize on strong bullish market conditions. It employs a multi-EMA alignment (Fast EMA > Mid EMA > Slow EMA) to identify uptrends and enters long positions when the price dips below the Slow EMA and reclaims the Fast EMA, with a dynamically set stop-loss at the lowest close during the dip.
This strategy has been tested on BYBIT:BTCUSDT.P on a 5-minute timeframe. Its performance is highly dependent on the exchange, chart type (e.g., Bybit, Binance...), and timeframe, with significant variations in results. It is only suitable for strong uptrend environments and is non-profitable in bearish or mean-reverting market conditions. Parameter optimization and thorough backtesting are essential for adapting it to specific trading setups.
Alert Kabi Family Unlimited Alarm indicator for any time frame and any type of currency, stock and index
اندییکاتور آلارم نامحدود برای هر تایم فریم و هر شاخص و ارز و سهام
Settings :
1- Before starting, clear all alarms in the trading view alarm section
2- Specify your alarm areas and currency pairs in the indicator settings section
3- Go to the trading view alarm section, click create alert, select the name of the indicator and click OK
4- Good Luck
T e L : @Ar3781
1- قبل از شروع تمام آلارم های تریدینگ ویو را پاک کنید
2- در قسمت تنظیمات اندیکاتور نواحی آلارم و جفت ارز خود را مشخص کنید
3- به قسمت الارم تریدینگ ویو رفته ایجاد هشدار را زده و اسم اندیکاتور را انتخاب کنید و اوکی کنید
4- مـــــــوفق بــــــاشـید
Three Moving Averages Strategythis is three moving averages strategy is good for day time frame best for swing trading , probability vary for 60 to 80 to increase the probability add other indictors . you can rsi or macd.
Inside barИндикатор, который подсвечивает внутренний бар. Не использовать в качестве сигнального индикатора.
PROWIN STUDY ALTCOIN INDEXPROWIN STUDY ALTCOIN INDEX
This indicator tracks the performance of key altcoin dominance indices (BTC.D, ETH.D, USDT.D, USDC.D, and DAI.D) by analyzing their closing prices. It calculates an Exponential Moving Average (EMA) to highlight the overall trend of the altcoin market. Key horizontal levels representing support (limit up), resistance (limit down), and a central line are drawn to help identify potential price action zones. This indicator is designed for analysis on the others.d asset in a daily timeframe, providing insights into market movements and altcoin dominance shifts.
Austin MTF EMA Entry PointsAustin MTF EMA Entry Points
Overview
The Austin MTF EMA Entry Points is a custom TradingView indicator designed to assist traders in identifying high-probability entry points by combining multiple time frame (MTF) analysis. It leverages exponential moving averages (EMAs) from the daily, 1-hour, and 15-minute charts to generate buy and sell signals that align with the overall trend.
This indicator is ideal for traders who:
Want to trade in the direction of the broader daily trend.
Seek precise entry points on lower time frames (1H and 15M).
Prefer using EMAs as their main trend-following tool.
How It Works
Daily Trend Filter:
The indicator calculates the 50 EMA on the daily chart.
The daily EMA acts as the primary trend filter:
If the current price is above the daily 50 EMA, the trend is bullish.
If the current price is below the daily 50 EMA, the trend is bearish.
Lower Time Frame Entry Points:
The indicator calculates the 20 EMA on both the 1-hour (1H) and 15-minute (15M) time frames.
Buy and sell signals are generated when the price aligns with the trend on all three time frames:
Buy Signal: Price is above the daily 50 EMA and also above the 20 EMA on both the 1H and 15M charts.
Sell Signal: Price is below the daily 50 EMA and also below the 20 EMA on both the 1H and 15M charts.
Visual and Alert Features:
Plot Lines:
The daily 50 EMA is plotted in yellow for easy identification of the main trend.
The 20 EMA from the 1H chart is plotted in blue, and the 15M chart's EMA is in purple for comparison.
Buy/Sell Markers:
Green "Up" arrows appear for buy signals.
Red "Down" arrows appear for sell signals.
Alerts:
Alerts notify users when a buy or sell signal is triggered, making it easier to act on trading opportunities in real-time.
How to Use the Indicator
Identify the Main Trend:
Check the relationship between the price and the daily 50 EMA (yellow line):
Only look for buy signals if the price is above the daily 50 EMA.
Only look for sell signals if the price is below the daily 50 EMA.
Wait for Lower Time Frame Alignment:
For a valid signal, ensure that the price is also above or below the 20 EMA (blue and purple lines) on both the 1H and 15M time frames:
This alignment confirms short-term momentum in the same direction as the daily trend.
Act on Signals:
Use the arrows as visual cues for entry points:
Enter long trades on green "Up" arrows.
Enter short trades on red "Down" arrows.
The alerts will notify you of these signals, so you don’t have to monitor the chart constantly.
Exit Strategy:
Use your preferred stop-loss, take-profit, or trailing stop strategy.
You can also exit trades if the price crosses back below/above the daily 50 EMA, signaling a potential reversal.
Use Cases
Swing Traders: Use the daily trend filter to trade in the direction of the dominant trend, while using 1H and 15M signals to fine-tune entries.
Day Traders: Leverage the 1H and 15M time frames to capitalize on short-term momentum while respecting the broader daily trend.
Position Traders: Monitor the indicator to determine potential reversals or significant alignment across time frames.
Customizable Inputs
The indicator includes the following inputs:
Daily EMA Length: Default is 50. Adjust this to change the length of the trend filter EMA.
Lower Time Frame EMA Length: Default is 20. Adjust this to change the short-term EMA for the 1H and 15M charts.
Time Frames: Hardcoded to "D", "60", and "15", but you can modify the script for different time frames if needed.
Example Scenarios
Buy Signal:
Price is above the daily 50 EMA.
Price crosses above the 20 EMA on both the 1H and 15M time frames.
A green "Up" arrow is displayed, and an alert is triggered.
Sell Signal:
Price is below the daily 50 EMA.
Price crosses below the 20 EMA on both the 1H and 15M time frames.
A red "Down" arrow is displayed, and an alert is triggered.
Strengths and Limitations
Strengths:
Aligns trades with the higher time frame trend for increased probability.
Uses multiple time frame analysis to identify precise entry points.
Visual signals and alerts make it easy to use in real-time.
Limitations:
May produce fewer signals in choppy or ranging markets.
Requires discipline to avoid overtrading when conditions are unclear.
Lag in EMAs could result in late entries in fast-moving markets.
Final Notes
The Austin MTF EMA Entry Points indicator is a powerful tool for traders who value multiple time frame alignment and trend-following strategies. While it simplifies decision-making, it is always recommended to backtest and practice proper risk management before using it in live markets.
Try it out and make smarter, trend-aligned trades today! 🚀
Advance smc indicatorIntroduction to the SMC Indicator
The Smart Money Concepts (SMC) Indicator is a sophisticated trading tool that helps traders identify key levels and potential market movements by analyzing the actions of large institutional investors, often referred to as "smart money." This indicator leverages the principles of Smart Money Theory to provide traders with insights into market behavior, enabling more informed trading decisions.
In-Depth Features of the SMC Indicator
1. Order Blocks
Definition: Order blocks are specific price zones where significant institutional orders have been placed, leading to a strong support or resistance effect. These areas are typically where smart money enters the market.
Identification: The SMC indicator highlights these zones on the chart using visual markers such as shaded areas, color-coding, or horizontal lines, making it easy for traders to identify potential areas of interest.
Usage: Traders can set buy or sell orders at these zones, anticipating that the price will react due to the concentration of institutional orders. For example, if the price is approaching a previously identified order block, it might reverse or break through, providing trading opportunities.
2. Fair Value Gaps (FVG)
Definition: Fair value gaps are price levels where the market has traded but has not fully filled the orders, often due to high volatility. These gaps can act as significant support or resistance levels.
Identification: The SMC indicator marks these gaps on the chart, typically using different colors or shading to distinguish them from other chart elements.
Usage: Traders look for the price to return to these gaps, expecting the market to fill them before continuing in its original direction. These gaps often indicate areas where the market needs to balance supply and demand.
3. Market Structure
Definition: Market structure refers to the overall trend and patterns in price movements, including higher highs, higher lows, lower highs, and lower lows.
Analysis: The SMC indicator analyzes the market structure to identify the current trend and potential reversal points. It helps traders understand whether the market is in an uptrend, downtrend, or sideways trend.
Usage: By understanding market structure, traders can align their trades with the prevailing trend. For example, in an uptrend, traders might focus on buying opportunities at higher lows, while in a downtrend, they might look for selling opportunities at lower highs.
4. Multiple Timeframe Analysis
Functionality: The SMC indicator allows traders to view order blocks and fair value gaps across multiple timeframes, providing a comprehensive view of market dynamics.
Usage: This feature is crucial for understanding the broader market context. Traders can identify confluence zones where multiple timeframes align, increasing the likelihood of a significant price reaction. For instance, an order block visible on both the daily and hourly charts might indicate a stronger level of support or resistance.
Customization and Alerts
Customization: The SMC indicator is highly customizable, allowing traders to adjust settings such as signal sensitivity, the number of order blocks displayed, the width of fair value gaps, and the colors used for different zones. This flexibility ensures that the indicator can be tailored to suit individual trading styles and preferences.
Alerts: The indicator includes an alert system that notifies traders of potential buy or sell signals. These alerts can be sent via email, SMS, or push notifications, ensuring that traders do not miss important trading opportunities.
Practical Applications Across Different Markets
Forex Trading: The SMC indicator is highly effective in the forex market, where large institutional players often dominate. It helps traders identify key levels where these players are likely to place their orders, providing opportunities for profitable trades.
Stock Trading: In the stock market, the SMC indicator can identify significant buy and sell zones, aiding traders in making better-informed decisions.
Commodity Trading: For commodities, the indicator can highlight areas of strong support and resistance, assisting traders in identifying potential entry and exit points.
Cryptocurrency Trading: Given the high volatility of cryptocurrencies, the SMC indicator can be particularly useful in identifying fair value gaps and order blocks, which can act as key levels for trading.
Benefits of Using the SMC Indicator
Enhanced Decision-Making: The indicator provides clear visual representations of order blocks and fair value gaps, helping traders make informed decisions about entry and exit points based on solid market principles.
Time-Saving: By automating the process of identifying key levels, the indicator saves traders time, allowing them to focus on executing trades rather than manually analyzing charts.
Improved Accuracy: The combination of SMC methodologies ensures that the signals generated are based on reliable market principles, increasing the likelihood of successful trades.
Versatility: The indicator can be used across various markets, making it a versatile tool for different trading styles and instruments.
Risk Management: By identifying strong support and resistance levels, the indicator helps traders set appropriate stop-loss levels and manage risk more effectively.
Advanced Practical Applications
Identifying Trend Reversals:
The SMC indicator helps traders identify potential trend reversals by analyzing market structure and order blocks. For example, if the indicator shows a significant order block at a lower low in a downtrend, it might suggest a potential reversal to the upside.
Setting Precise Entry and Exit Points:
Traders can use the identified order blocks and fair value gaps to set precise entry and exit points. For instance, entering a trade when the price retraces to a fair value gap and placing a stop-loss just below an order block.
Multi-Timeframe Confluence:
By analyzing multiple timeframes, traders can identify confluence zones where order blocks or fair value gaps align across different timeframes. These zones often have a higher probability of acting as strong support or resistance levels.
Enhancing Risk Management:
The indicator assists traders in improving their risk management by providing clear levels for placing stop-loss orders. For example, placing a stop-loss just below an order block ensures that if the price moves against the trade, losses are minimized.
Combining with Other Indicators:
Traders can enhance their strategies by combining the SMC indicator with other technical indicators. For example, using moving averages to confirm the trend direction and the SMC indicator to identify key levels for entry and exit.
Conclusion
The Smart Money Concepts (SMC) Indicator on TradingView is a comprehensive and powerful tool that leverages the principles of Smart Money Concepts to provide traders with valuable insights and actionable signals. Its extensive features, including order blocks, fair value gaps, market structure analysis, multi-timeframe analysis, customization options, and alert system, make it an indispensable tool for traders looking to improve their decision-making, accuracy, and overall trading performance.
By helping traders identify key market levels and understand the behavior of smart money, the SMC indicator offers a strategic advantage in navigating the financial markets. However, it is essential to use this tool in conjunction with sound risk management practices and continuous market monitoring to achieve the best results.
SMC LEGEND BUY & SELL This Pine Script strategy is based on Smart Money Concepts (SMC) in according to its added Advance Levels. Here's a brief summary of what the script does:
1. Swing High and Low Calculation: It identifies recent swing highs and lows, which are used to define key zones.
2. POI, Institutional Order Blocks, and MTF Order Blocks :
- Point Of Interest (POI)- The price reached a significant level on a higher time frame, which often indicates a strong potential reversal or reaction zone where traders anticipate a change in trend or continuation.
- Institutional Order Blocks. where traders have placed large orders, leading to potential price reversals or continuations
- MTF Order Blocks. Order Blocks are interesting areas that are frequently revisited and can be treated as Support/Resistance levels.
Often, you can see explosive price rejection of these areas via long wicks, high volume, and rapid price change.
3. FVG- Fair Value Gap.
- It refers to a zone on the chart where the price moves easily due to an imbalance between supply and demand. Once this FVG levels out, price movement tends to slow, and the FVG area often acts as support or resistance.
4. Liquidity Levels:
- It also known as liquidity zones, are areas on a price chart where there is a high concentration of trading activity. These areas are important for traders because they indicate where an asset is more liquid, making it easier to execute large orders without affecting the price
5. Order Blocks:
- It detects basic order blocks by identifying the highest high and lowest low within the last 20 bars. These levels help confirm the buy and sell signals.
6. Liquidity Zones:
- It marks the swing high and low as potential liquidity zones, indicating where price may reverse due to institutional players' activity.
7. SCOB:
- A Single Candle Order Block (SCOB) is a specific type of Order Block that is identified based on a single candlestick pattern. These patterns indicate potential areas where significant buying or selling interest has occurred, often leading to a notable price reaction when revisited.
The strategy then executes trades based on these signals, plotting buy and sell markers on the chart and showing the key levels (zones) and trend direction.
Smart Money Concept (SMC), Inner Circle Trading (ICT) and price action are all useful in market analysis, but they focus on different aspects of the market. Neither is inherently better than the other, and the effectiveness of each depends on the trader's strategy, market understanding, and comfort with the concepts. In fact, integrating both can provide a comprehensive approach to market analysis.
SMC focuses on institutional movements, while price action focuses on the patterns formed by the price itself. Price action trading is a technical analysis approach that focuses on price movements rather than fundamental factors like news or economic data.
Here are some things to know about price action trading:
Price patterns
-Price patterns like head and shoulders, double tops, and triangles can provide insights into market sentiment and potential reversals.
Support and resistance
-These are key levels where the price tends to reverse. Traders use these levels to identify potential entry and exit points.
Trend lines
-Trend lines help traders identify the overall direction of the market.
Breakouts
-A breakout occurs when market prices move beyond support or resistance levels.
Short- to medium-term trades
-Price action trading is better suited for short- to medium-term, limited-profit trades instead of long-term investments.
Inner Circle Trading is a trading methodology that focuses on understanding the intentions behind price movements. ICT is based on the principles of market manipulation, institutional order flow, and understanding smart money behavior.
Introduction to SMC ICT Prize Action Indicator
The SMC ICT Prize Action Indicator is a sophisticated trading tool that combines the principles of Smart Money Concepts (SMC) and the methodologies of the Inner Circle Trader (ICT) to help traders identify key market levels and potential trading opportunities. This indicator is designed to provide traders with insights into market behavior, enabling them to make informed decisions based on the activities of large institutional players, often referred to as "smart money."
Key Features of the SMC ICT Prize Action Indicator
Order Blocks:
Definition: Order blocks are significant price levels where large institutional orders have been placed. These levels often act as zones of support and resistance, where the price is likely to react.
Identification: The indicator highlights these order blocks on the chart, marking them as crucial levels to watch for potential price reversals or continuations.
Trading Strategy: Traders can use order blocks to set up buy or sell orders, anticipating that the market will move in response to the presence of institutional orders. This strategy leverages the concept that smart money often leaves identifiable footprints in the market.
Fair Value Gaps (FVG):
Definition: Fair Value Gaps are price levels where the market has traded but has not fully filled the orders placed there. These gaps often occur during periods of high volatility and can act as strong support or resistance levels.
Identification: The SMC ICT Prize Action Indicator marks these gaps on the chart, helping traders to identify potential areas where the price might retrace to fill these gaps.
Trading Strategy: Traders can look for the price to return to these gaps and use them as entry points for trades. The rationale is that the price will often seek to fill these gaps before continuing its trend.
Market Structure:
Definition: Market structure refers to the overall trend and pattern of price movements in the market. It includes patterns like higher highs, higher lows, lower highs, and lower lows.
Analysis: The indicator analyzes the market structure to determine the current trend and potential reversal points. It helps traders identify the direction of the market and align their trades with the prevailing trend.
Trading Strategy: By understanding market structure, traders can make informed decisions about entering or exiting trades. For example, in an uptrend, traders might look for buying opportunities at higher lows, while in a downtrend, they might look for selling opportunities at lower highs.
Multi-Timeframe Analysis:
Functionality: The indicator allows traders to view order blocks and fair value gaps across multiple timeframes, providing a comprehensive view of market dynamics. This feature is crucial for understanding the broader market context and identifying key levels that might not be visible on a single timeframe.
Application: Traders can use multi-timeframe analysis to identify confluence zones where multiple timeframes align, increasing the likelihood of a significant price reaction. For example, an order block visible on both the daily and hourly charts might be more significant than one visible only on a single timeframe.
Customization:
Settings: Traders can customize the indicator's settings to suit their trading style. This includes adjusting the sensitivity of signals, the number of order blocks displayed, the width of fair value gaps, and the colors used for different zones.
Personalization: Customization options allow traders to tailor the indicator to their specific preferences and strategies. For example, a day trader might prefer a higher sensitivity setting to capture more signals, while a swing trader might opt for a lower sensitivity to focus on more significant market moves.
Alert System:
Notifications: The indicator includes an alert system that notifies traders of potential buy or sell signals. These alerts can be sent via email, SMS, or push notifications, ensuring traders do not miss important trading opportunities.
Setup: Traders can set up alerts based on specific conditions, such as when the price enters an order block or fills a fair value gap. This feature helps traders stay informed and ready to act on potential market movements without constantly monitoring the charts.
Integration with Other Indicators:
Compatibility: The SMC ICT Prize Action Indicator can be used in conjunction with other technical indicators, such as moving averages, RSI, or MACD, to provide additional confirmation and improve the accuracy of signals.
Enhancement: By combining the SMC ICT Prize Action Indicator with other tools, traders can create robust trading strategies that take into account multiple factors. For example, a trader might use moving averages to confirm the trend direction while using the SMC indicator to identify key entry and exit points.
Benefits of Using the SMC ICT Prize Action Indicator
Enhanced Decision-Making:
Insightful Analysis: The indicator provides clear visual representations of order blocks and fair value gaps, helping traders make informed decisions about entry and exit points based on solid market principles.
Confidence: With a better understanding of market dynamics, traders can gain confidence in their trading decisions, reducing the impact of emotions and improving overall performance.
Time-Saving:
Automation: The indicator automates the process of identifying key levels, saving traders time and allowing them to focus on executing trades rather than manually analyzing the charts.
Efficiency: By quickly highlighting important market levels, the SMC ICT Prize Action Indicator helps traders streamline their analysis process and act on opportunities more efficiently.
Improved Accuracy:
Reliability: The combination of SMC and ICT methodologies ensures that the signals generated are based on reliable market principles, increasing the likelihood of successful trades.
Precision: The indicator's ability to pinpoint key levels with precision helps traders improve their entry and exit timing, reducing the risk of false signals and enhancing overall accuracy.
Versatility:
Multi-Market Application: The indicator can be used across various markets, including forex, stocks, commodities, and cryptocurrencies, making it a versatile tool for different trading styles and instruments.
Adaptability: Traders can adapt the indicator to their preferred markets and timeframes, whether they are day trading, swing trading, or long-term investing.
Risk Management:
Support and Resistance: By identifying strong support and resistance levels, the indicator helps traders set appropriate stop-loss levels and manage risk more effectively.
Protection: Proper risk management is crucial for long-term trading success. The SMC ICT Prize Action Indicator assists traders in protecting their capital by highlighting areas where the market is likely to react.
Community Support:
Resources: TradingView's community often provides additional resources, tutorials, and support for users of the indicator, helping traders get the most out of their investment.
Collaboration: Engaging with the TradingView community allows traders to share insights, strategies, and experiences, fostering a collaborative environment for continuous learning and improvement.
Conclusion
The SMC ICT Prize Action Indicator on TradingView is an advanced trading tool that combines the principles of Smart Money Concepts and Inner Circle Trader methodologies to provide traders with actionable buy and sell signals. Its comprehensive features, including order blocks, fair value gaps, market structure analysis, multi-timeframe analysis, customization options, and alert system, make it a valuable addition to any trader's toolkit. By enhancing decision-making, saving time, improving accuracy, and promoting effective risk management, this indicator can help traders achieve better trading results.
However, it's important to remember that no indicator guarantees success, and it should be used in conjunction with sound risk management practices and continuous market monitoring. The SMC ICT Prize Action Indicator is a powerful tool, but its effectiveness ultimately depends on how well it is integrated into a trader's overall strategy and trading plan.
Cumulative volume analysisAfter user define the ragion area. While break out the region area, you can try this indicator to notice when the power is ended and maybe reverse the trend.
1. The user enters the start time, and end time
2. The indicator will record the highest, lowest price, and cumulative amount during this period.
The cumulative amount is calculated by adding up the amount of each K bar, regardless of whether it rises or falls.
3. When the cumulative amount is reduced to less than or equal to 0, make a plotshape arrow
4.There are two diferent method to record the volume. Try the better way to different product.
Strategy Impulse Pivot EU - [AstroHub]The strategy is built on analyzing market impulses and their intensity. Its main goal is to help traders identify critical market moments when significant changes occur, signaling either a trend continuation or reversal.
Core Methodology
Impulse Movement
Measured by the difference between the current price and the previous bar’s price.
The indicator filters out minor fluctuations, focusing on meaningful changes.
Color Interpretation
Candles are color-coded based on the strength and direction of the impulse, providing a quick graphical understanding:
Green candles: Indicate moderate price growth, potentially signaling the end of the current trend.
Red candles: Reflect moderate price decline, possibly indicating a trend reversal.
Orange candles: Highlight strong price movements in either direction, signaling a potential trend continuation or reversal.
When a Signal Appears
Impulse Threshold : The price must change by at least a specified number of pips (e.g., 30 pips). This filters out weak movements.
Movement Intensity : Impulse is calculated and compared against threshold values to determine the signal’s strength.
Time Filter : Signals are generated 10 seconds before the hourly bar closes (at 59 minutes and 50 seconds). This ensures traders can prepare to act promptly.
Interpreting the Signals
Green Candle
Moderate price growth: A possible moment to take profit on long positions or open short positions.
Red Candle
Moderate price decline: A potential signal to open long positions or close short positions.
Orange Candle
Strong impulse movement:
If the price rises: A likely continuation of an upward trend.
If the price falls: A probable intensification of the downward trend.
I recommend using it on currency pairs with a 1-hour and 4-hour chart. EUR/USD, AUD/USD
Indicator Features
Impulse Analysis : The indicator highlights only significant price changes, ignoring market "noise."
Color Interpretation : Every movement is color-coded, simplifying the visualization of market dynamics.
Time Filter : Signals appear at critical moments — right before the hour closes. This enhances reliability and gives traders time to react.
Opening Levels : The indicator automatically marks opening levels for significant signals on the chart, helping traders visualize entry and exit zones.
Closed Code : The unique logic is protected, preventing unauthorized copying
Conclusion
This indicator is a powerful tool for analyzing impulse movements and their impact on the market. Its logic is straightforward, and its visualization makes signals easy to interpret. Suitable for both beginners and experienced traders, it offers clear entry and exit points with minimal false signal
Supertrend StatsSupertrend with Probabilistic Stats and MA Filter
Overview: The Supertrend with Probabilistic Stats and MA Filter is a comprehensive TradingView Pine Script indicator designed to enhance trading strategies by combining the trend-detection capabilities of the Supertrend indicator with the trend-confirmation strength of Moving Averages (MA). Additionally, it offers robust statistical tracking to provide traders with valuable insights into the performance and reliability of their trading signals.
Key Features:
Supertrend Indicator Integration:
Trend Detection: Utilizes the Supertrend algorithm to identify prevailing market trends.
Buy/Sell Signals: Generates clear buy and sell signals based on trend reversals.
Customizable Parameters: Allows adjustment of ATR period and multiplier to suit different trading styles and market conditions.
Visual Aids: Plots Supertrend lines on the chart and highlights trend areas for easy visualization.
Moving Average (MA) Filter:
Trend Confirmation: Filters buy signals to occur only when the open price is above the MA and sell signals only when the open price is below the MA.
Customizable MA Types: Supports various MA types, including SMA, EMA, SMMA (RMA), WMA, and VWMA.
Flexible Configuration: Offers options to enable/disable the MA filter, select MA type, set MA length, and adjust MA source and offset.
Statistical Tracking:
Trimmed Mean Calculation: Computes trimmed means for bullish and bearish movements, removing outliers to provide a more accurate average movement.
Success Rate Metrics: Calculates the success rates (%) for both bullish and bearish signals, indicating the percentage of signals that resulted in favorable price movements.
Candle Count Analysis: Tracks the average number of candles each bullish and bearish move lasts, offering insights into the duration of trends.
Data Visualization: Presents all statistical data in a neatly formatted table on the chart, allowing for quick reference and analysis.
Customizable Statistics Table:
Text Color Customization: Provides an option to change the table text color to match personal preferences or chart aesthetics, enhancing readability.
Comprehensive Metrics: Displays key statistics such as Bullish/Bearish Averages, Counts, Success Rates, and Average Candle Counts.
Optional Pinbar Filtering:
Signal Refinement: Adds an additional layer of signal confirmation by filtering buy and sell signals based on pinbar candlestick patterns.
Adjustable Thresholds: Allows customization of the pinbar wick threshold to fine-tune signal accuracy.
Visual Enhancements:
Markers: Optionally displays markers on the first and last candles of bullish and bearish moves for better trend identification.
Highlighter: Shades the chart background to indicate current trend direction, aiding in visual trend recognition.
How It Works:
Trend Identification with Supertrend:
The indicator calculates the Supertrend based on user-defined ATR periods and multipliers.
It plots the Supertrend lines and generates buy/sell signals when the price crosses these lines, indicating a potential trend reversal.
Filtering Signals with Moving Average:
When the MA filter is enabled, the indicator ensures that buy signals are only considered valid if the candle's open price is above the selected MA, and sell signals only if the open price is below the MA.
This additional confirmation aligns trades with the broader market trend, potentially increasing signal reliability.
Statistical Analysis:
Upon triggering a buy or sell signal, the indicator records the entry price and tracks the subsequent price movements.
It calculates trimmed means to assess average movements while excluding extreme outliers.
Success rates are computed by comparing the closing price against the entry price, indicating how often signals result in favorable outcomes.
The average number of candles per move provides insight into trend duration and volatility.
Visualization and Customization:
All statistical data is presented in a table on the chart, with customizable text colors for enhanced readability.
Optional pinbar filtering and visual markers further refine and illustrate trading signals, aiding in decision-making.
Benefits to Traders:
Enhanced Signal Reliability:
By combining Supertrend with an MA filter, the indicator ensures that only signals aligning with the broader market trend are considered, potentially reducing false signals.
Data-Driven Decision Making:
The comprehensive statistical tracking offers traders insights into the performance of their signals, enabling informed adjustments to their trading strategies based on empirical data.
Trend Confirmation and Alignment:
The MA filter acts as a trend confirmation tool, ensuring that trades are placed in the direction of the prevailing trend, which can enhance the probability of successful trades.
Performance Metrics at a Glance:
The statistics table provides all necessary performance metrics in a single view, allowing traders to quickly assess the effectiveness of their strategy without sifting through extensive data.
Customization and Flexibility:
With options to adjust MA types, lengths, and table text colors, traders can tailor the indicator to fit their specific preferences and trading environments.
Visual Clarity and Aids:
The plotted Supertrend lines, MA line, signal markers, and highlighter enhance visual clarity, making it easier to identify trends and potential trade opportunities on the chart.
Usage Instructions:
Adding the Indicator:
Copy the Script: Select and copy the entire Pine Script provided.
Open TradingView: Navigate to TradingView and open your desired asset's chart.
Access Pine Editor: Click on the Pine Editor tab at the bottom of the TradingView interface.
Paste and Add to Chart: Paste the script into the editor and click "Add to Chart" to apply the indicator.
Configuring Settings:
Supertrend Parameters: Adjust the ATR period and multiplier to suit your trading style and the asset's volatility.
MA Filter Settings:
Enable MA Filter: Toggle "Enable MA Filter?" to ON to activate the filter.
Select MA Type: Choose from SMA, EMA, SMMA (RMA), WMA, or VWMA.
Set MA Length: Define the period for the MA calculation.
MA Source and Offset: Choose the price source (default is close) and set any desired plot offset.
Statistical Tracking:
Trimmed Mean Percentage: Set the percentage to trim outliers in mean calculations.
Show Cross Markers: Toggle to display or hide markers on the first and last candles of bullish and bearish moves.
Table Customization:
Table Text Color: Select your preferred text color for the statistics table to match your chart's theme or enhance readability.
Pinbar Filtering (Optional):
Enable Pinbar Filtering: Toggle to refine signals based on pinbar patterns.
Set Pinbar Wick Threshold: Adjust the threshold to define the characteristics of a valid pinbar.
Interpreting the Indicators:
Buy/Sell Signals: Look for labeled "BUY" and "SELL" signals on the chart that align with Supertrend reversals and MA conditions.
Statistics Table: Refer to the table located at the bottom right of the chart to assess:
Bullish/Bearish Averages: Average price movements following signals.
Counts: Total number of bullish and bearish signals.
Success Rates (%): Percentage of signals that resulted in profitable trades.
Candle Averages: Average duration of bullish and bearish moves in terms of candle counts.
Markers and Highlighter: Utilize visual markers and shaded trend areas to better understand market trends and the context of each signal.
Making Informed Decisions:
Assess Signal Performance: Use the success rates and averages to evaluate the effectiveness of your current settings and make necessary adjustments.
Adjust Parameters: Modify Supertrend and MA parameters based on observed performance and changing market conditions to optimize signal accuracy.
Combine with Other Analysis: Integrate insights from this indicator with other technical analysis tools and fundamental factors to form a holistic trading strategy.
Conclusion: The Supertrend with Probabilistic Stats and MA Filter indicator offers a powerful combination of trend detection, signal filtering, and statistical analysis. By providing detailed performance metrics and ensuring that trades align with the broader market trend, this indicator empowers traders to make more informed, data-driven decisions. Whether you're a novice seeking clarity or an experienced trader aiming to refine your strategy, this tool serves as a valuable asset in your trading toolkit.
If you have any further questions or require additional customizations, feel free to reach out!
Percent Movement HighlighterThe Percent Movement Highlighter is a custom TradingView indicator that visually highlights candles based on their percentage movement relative to the previous day's close. The indicator uses two user-defined thresholds:
Positive Threshold: Marks candles that move up by a specified percentage or more.
Negative Threshold: Marks candles that move down by a specified percentage or more.
Features:
Visual Highlights:
Green candles for upward moves exceeding the positive threshold.
Red candles for downward moves exceeding the negative threshold.
Dynamic Counters:
Displays a summary label that counts the number of positive, negative, and neutral candles dynamically as the chart progresses.
User Inputs:
Customizable positive and negative percentage thresholds to suit different trading strategies.
This tool is useful for traders seeking to identify significant price movements and analyze market volatility efficiently.
BKLevelsThis displays levels from a text input, levels from certain times on the previous day, and high/low/close from previous day. The levels are drawn for the date in the first line of the text input. Newlines are required between each level
Example text input:
2024-12-17
SPY,606,5,1,Lower Hvol Range,FIRM
SPY,611,1,1,Last 20K CBlock,FIRM
SPY,600,2,1,Last 20K PBlock,FIRM
SPX,6085,1,1,HvolC,FIRM
SPX,6080,2,1,HvolP,FIRM
SPX,6095,3,1,Upper PDVR,FIRM
SPX,6060,3,1,Lower PDVR,FIRM
For each line, the format is ,,,,,
For color, there are 9 possible user- configurable colors- so you can input numbers 1 through 9
For line style, the possible inputs are:
"FIRM" -> solid line
"SHORT_DASH" -> dotted line
"MEDIUM_DASH" -> dashed line
"LONG_DASH" -> dashed line
Bitcoin Exponential Profit Strategy### Strategy Description:
The **Bitcoin Trading Strategy** is an **Exponential Moving Average (EMA) crossover strategy** designed to identify bullish trends for Bitcoin.
1. **Indicators**:
- **Fast EMA (default 9 periods)**: Represents the short-term trend.
- **Slow EMA (default 21 periods)**: Represents the longer-term trend.
2. **Entry Condition**:
- A **bullish crossover** occurs when the Fast EMA crosses above the Slow EMA.
- The strategy enters a **long position** with a user-defined order size (default 0.01 BTC).
3. **Exit Conditions**:
- **Take Profit**: Closes the position when the profit target is reached (default $100).
- **Stop Loss**: Closes the position when the price drops below the stop loss level (default $50).
- **Bearish Crossunder**: Closes the position when the Fast EMA crosses below the Slow EMA.
4. **Visual Signals**:
- **BUY signals**: Displayed when a bullish crossover occurs.
- **SELL signals**: Displayed when a bearish crossunder occurs.
This strategy is optimized for trend-following behavior, ensuring positions are aligned with upward-moving trends while managing risk through clear stop-loss and take-profit levels.
Algo Bands [ProjeAdam]OVERVIEW:
The Algo Bands indicator is a technical analysis tool that calculates the highest, lowest, and average price levels over a user-defined number of bars. It generates buy and sell signals based on price interactions with these levels, visualizing them as bands on the chart. Additionally, the indicator provides multi-timeframe analysis and integrates alerts for timely trading decisions.
ALGORITHM:
1. Initialization and Function Definition
The Algo Bands indicator starts by defining functions to calculate critical price levels:
- High Band : A smoothed average of recent high price levels.
- Low Band : A smoothed average of recent low price levels.
- Average Band : The midpoint between the High Band and Low Band.
The smoothing process utilizes a Smoothed Moving Average (SMMA) to reduce noise and ensure accurate signal generation.
2. Inputs and Band Calculation
The indicator accepts customizable inputs for flexibility in trading strategies:
- Backward Length : The number of bars to consider for calculating high and low values.
- Number of Lines : Specifies how many recent high or low values are averaged.
- Smoothing Period : The length of the SMMA to smooth price data.
Using these inputs:
- The High Band is calculated as the smoothed average of the highest price values.
- The Low Band is calculated as the smoothed average of the lowest price values.
- The Average Band is the midpoint of the High and Low Bands.
3. Plotting the Bands
The Algo Bands indicator plots three main lines on the price chart:
- High Band : Plotted as a red step line, representing resistance levels.
- Low Band : Plotted as a green step line, indicating support levels.
- Average Band : Plotted as an orange line, showing the midpoint or equilibrium price.
4. Buy and Sell Conditions
Sell Condition:
The indicator triggers a sell signal when either of the following conditions is met:
A. Crossunder Condition :
- The closing price crosses below the High Band.
- The candle closes below its open price, confirming bearish sentiment.
- The closing price remains below both the High Band and the previous bar's open price.
B. Rejection Condition :
- The high price exceeds the High Band during the bar.
- However, the closing price fails to hold above the High Band and closes lower than both the High Band and the open price.
Buy Condition:
The indicator triggers a buy signal when either of the following conditions is met:
A. Crossover Condition :
- The closing price crosses above the Low Band.
- The candle closes above its open price, indicating bullish momentum.
- The closing price remains above both the Low Band and the previous bar's open price.
B. Rejection Condition :
- The low price dips below the Low Band during the bar.
- However, the closing price recovers and closes higher than both the Low Band and the open price.
5. Signal Visualization
The indicator visually represents buy and sell signals as follows:
- Sell Signals : Displayed as a red downward label (🔴) above the bar.
- Buy Signals : Displayed as a green upward label (🟢) below the bar.
The background colors between the bands also reflect market direction:
- Red for bearish trends.
- Green for bullish trends.
6. Alerts
The Algo Bands indicator includes customizable alerts to notify traders of trading signals:
- Alerts are triggered when Buy or Sell conditions are met.
- Integration with Telegram allows real-time notifications for immediate action.
7. Multi-Timeframe Analysis
The indicator supports analysis across multiple timeframes, including:
- 1 Hour
- 4 Hours
- Daily
It calculates the High and Low Bands for these timeframes to provide a comprehensive view of the market trend.
HOW DOES THE INDICATOR WORK?
1. Price Band Calculation :
- The highest and lowest price values are dynamically identified for a user-defined range.
- These values are smoothed using SMMA to produce the High Band and Low Band.
2. Signal Generation :
- Sell signals occur when the price crosses below or rejects the High Band.
- Buy signals occur when the price crosses above or rejects the Low Band.
3. Visualization :
- The bands are plotted on the chart to display resistance, support, and price equilibrium.
- Buy and Sell signals are marked with labels and color-coded backgrounds.
4. Alerts :
- Custom alerts notify traders in real time when signals are triggered.
BENEFITS OF THE ALGO BANDS INDICATOR:
- Trend Identification : Identifies support, resistance, and price equilibrium levels.
- Clear Buy/Sell Signals : Helps traders make timely entry and exit decisions.
- Noise Reduction : SMMA smoothing minimizes false signals.
- Multi-Timeframe Analysis : Provides insights across 1-hour, 4-hour, and daily timeframes.
- Customizable Parameters : Users can adjust settings for their trading style.
- Real-Time Alerts : Immediate notifications ensure timely actions.
- Visual Clarity : Labels and background colors enhance signal visibility.
- Ease of Use : Suitable for traders of all levels, from beginners to experts.
If you have any ideas what to add to my work to add more sources or make calculations cooler, suggest in DM .
0dte Anchored Expected Move by SyntaxGeekHere is a script that's making use of TradingView's new option data feed, without the OPRA data feed I'm unsure this script will be useful as the data will be delayed and I've not tested it without the data subscription.
The script is meant to demonstrate use of options data to generate ideas in the community and perhaps be a useful tool for 0dte traders.
For securities that have 0dte I like to calculate what I call the "opening expected move", it's just like expected move (EM) but it's a snapshot of the EM value at open and remains static throughout the day.
Expected move is the value of an "at the money" (ATM) call and put combined and then added t the price of the underlying.
For example if SPY opens at 600 and the ATM call + put premium (debit) is 3 dollars, then the EM high is 603 and the EM low is 597.
These levels are often areas where the market will react as any breaches of these prices could potentially be something that market participants will have to respond to being that something has hit the market unexpectedly.
Additionally, I've added calculations for half EM plots and live premium calculations for the ATM call and put from the open.
It's a fascinating script and it's fun to watch the premiums during periods of market volatility or a chop range day.
I make no guarantees for any of the data presented and there could be bugs as options data is still quite new in TradingView and I've not spent a long time coding this or testing.
Enjoy!
VIX OscillatorOVERVIEW
Plots an oscillating value as a percentage, derived from the VIX and VIX3M . This can help identify broader market trends and pivots on higher time frames (ie. 1D), useful when making swing trades.
DATA & MATH
The VIX is a real-time index of expected S&P 500 volatility over the next 30 days, derived from option prices with near-term expirations. Similarly, the VIX3M measures expected volatility over the next 90 days.
Dividing one by the other yields an oscillating value, normalizing the relative strength of the expected volatility. Most commonly the VIX is divided by the VIX3M. However, because the VIX is inversely correlated to market sentiment (typically), this indicator divides the VIX3M by the VIX to visually correlate the plot direction with the anticipated market direction. Further, it subtracts 1.1 from the quotient to visually center the plot, and multiplies that difference by 100 to amplify the value as a percentage:
( VIX3M / VIX - 1.1 ) * 100
This variation makes identifying sentiment extremes easier within a buy-low-sell-high paradigm, where values below zero are bearish and values above zero are bullish.
PLOTS
Two plots are used, maximizing data fidelity and convenience. Candles are used to accurately reflect the quantized math and a Linear Regression is used to simplify contextualization. If you're not familiar with what a Linear Regression is, you can think of it like a better moving average. High / Low zones are also plotted to help identify sentiment extremes.
This combination allows you to quickly identify the expected sentiment (bullish / bearish) and its relative value (normal / extreme), which you can then use to anticipate if a trend continuation or pivot is more likely.
INPUTS
Candle colors (rise and fall)
Linear regression colors and length
Zone thresholds and zero line
Pivot Highs/Lows with Bar CountsWhat does the indicator do?
This indicator adds labels to a chart at swing (a.k.a., "pivot") highs and lows. Each label may contain a date, the closing price at the swing, the number of bars since the last swing in the same direction, and the number of bars from the last swing in the opposite direction. A table is also added to the chart that shows the average, min, and max number of bars between swings.
OK, but how do I use it?
Many markets -- especially sideways-moving ones -- commonly cycle between swing highs and lows at regular time intervals. By measuring the number of bars between highs and lows -- both same-sided swings (i.e., H-H and L-L) and opposite-sided swings (i.e., H-L and L-H) -- you can then project the averages of those bar counts from the last high or low swing to make predictions about where the next swing high or low should occur. Note that this indicator does not make the projection for you. You have to determine which swing you want to project from and then use the bar counts from the indicator to draw a line, place a label, etc.
Example: Chart of BTC/USD
The indicator shows pivot highs and lows with bar counts, and it displays a table of stats on those pivots.
If you focus on the center section of the chart, you can see that prices were moving in a sideways channel with very regular highs and lows. This indicator counts the bars between these pivots, and you could have used those counts to predict when the next high or low may have occurred.
The bar counts do not work as well on the more recent section of the chart because there are no regularly time swings.
