Marksman Pro v1.1--Marksman Pro V1.1--
This premium indicator has been designed to give multiple and consecutive buy or sell signals to help identify when you can scale in or out of a position. It is different from a traditional "BUY SELL" trend indicator as it allows the trader to receive more regular and frequent signals to build or decrease a position size without waiting for an "all-in" signal.
This indicator compares the last candle close price to the recent historical price action and provides a buy or sell signal if certain retracement or extension criteria is met.
The signal is calculated using retracements and extensions that are close to key levels of support/resistance and key fibonacci level breaches.
As the indicator uses the previous candle close to produce a signal, there is no repainting.
--Moving Average Controls--
The user must input:
1. A long term moving average, EMA or MA (i.e 200MA) that helps to identify/separate a longer term bullish or bearish trend
(This Moving average is plotted)
2. A shorter term Moving average, EMA or MA (i.e 13EMA) that captures the majority of parabolic moves up and down.
(This Moving average is also plotted)
• A price that closes above both of these Moving Averages is defined as closing in the Bullish region
• A price that close between these moving averages is defined as closing in the Ranging/Mid region
• A price the closes below these Moving averages is defined as closing in the Bearish region
--Signal Controls--
Users can then also control how difficult it is to produce a buy or sell signal in each of these 3 regions listed above, using the 6 inputs:
1. Bullish Sell Difficulty: (1-2000)
2. Mid Range Sell Difficulty (1-2000)
3. Bearish Sell Difficulty (1-2000)
1. Bullish Buy Difficulty (1-2000)
2. Mid Range Buy Difficulty (1-2000)
3. Bearish Buy Difficulty (1-2000)
Once you have refined the settings to show more sells at the tops and more buys on the dips, you can review the signal history to see what possible position sizes you can be using for each buy or sell signal in each moving average region.
ค้นหาในสคริปต์สำหรับ "Buy sell"
Crypto FOMO Strategy (monthly-access)PLEASE READ THE ENTIRE POST BEFORE PURCHASING & USING THE FOMO INDICATOR. Saves you and me some time in emails and messages. :)
This is the NEW MONTHLY ACCESS Version of the Crypto FOMO Strategy
Please check the links at the bottom of this post, so you find the way to our shop.
1 Month access is set at $25
10% Disount --> "FOMO25"
Any question, DM me here or on Twitter , check for link on the bottom.
The FOMO Buy Sell Indicator is a very specific strategy, cut down to its roots and made perfect for the volatile crypto market.
Many indicators focus only on one aspect, one side, one specific rule. As you know, this is not how life, the market or anything else works.
FOMO combines many different aspects at the same time, scans multiple other indicators and comes to a conclusion based on over 950 lines of code.
It is based on Divergences, Elliott Waves , Ichimoku , MACD , MACD Histogram, RSI , Stoch , CCI , Momentum, OBV, DIOSC, VWMACD, CMF and multiple EMAs.
Every single aspect is weighted into the decision before giving out an indication.
Most buy/sell indicators FAIL because they try to apply the same strategy to every single chart, which
are as individual as humans.
To conquer this problem, FOMO has a wide range of settings and variables which can be easily
modified.
To make it a true strategy, FOMO has as well settings for Take Profit Points, Multiple Entries and Stop Losses. Everything with an Alert Feature of course.
I know from experience that many people take one indicator and are simply too LAZY to add multiple indicators to make a rational choice.
The result of that is that they lose money, by following blatantly only one indicator.
FOMO has additional 7 indicators, perfect for the crypto market, which can be turned on and off.
FOMO Signals Settings
“Show Signals?” - On/Off to show the Buy/Sell Signals. “Aggressiveness” - Increase to make the signals less aggressive
and decrease to make them more aggressive.
“Show Custom FOMO Timeframe?” - On/Off to show FOMO Signals of a different timeframe in addition to the normal ones.
“Custom FOMO Timeframe?” - Choose the timeframe for the custom FOMO signals.
“Use Safe FOMO?” - On/Off to show only “safe” (less but more exact) FOMO signals.
“Safe FOMO Sells” - Settings for the “safe” FOMO Sell Signals. Decrease number for “less safe” Signals.
Increase number for “more safe” Signals.
“Safe FOMO Buys” - Settings for the “safe” FOMO Buy Signals. Decrease number for “more safe” Signals.
Increase number for “less safe” Signals.
FOMO Strategy Settings
“Take Profit 1 ” - On/Off to show TP1 points.
“Take Profit After %” - Set the percentage after which TP1 is
active.
“Take Profit 2 ” - On/Off to show TP2 points.
“Take Profit 2 After %” - Set the percentage after which TP2 is active.
“Take Profit 3 ” - On/Off to show TP3 points.
“Take Profit 3 After %” - Set the percentage after which TP3 is
active.
“Second Entry” - On/Off to show Second Entry points.
“Second Entry After %” - Set the percentage after which Second Entry is active.
“Third Entry ” - On/Off to Third Entry points.
“Third Entry After %” - Set the percentage after which Third
Entry is active.
“Stop Loss ” - On/Off to show Stop Loss points.
“Take Profit After %” - Set the percentage after which Stop Loss is active.
The FOMO Lifeguard is a special feature made to cancel out the “noice” of the signals and show only signals with a great technical significance.
For this FOMO uses the default settings of +7 and - 7. This references to an index value of multiple settings of almost all indicators used in this script.
+7 cuts out all sell signals below the index value of 7.
- 7 cuts out all buy signals above the index value of - 7.
Using the FOMO Lifeguard is a key element for a sustainable and profitable strategy.
As the normal FOMO Signals, the Lifeguard Signals are also bound to the “Aggressiveness”. Should the cut out of signals with the Lifeguard on be too big, try adjusting the “Aggressiveness”.
With this, once can choose and make this indicator PERFECT for his own strategy and trading style. Day Traders would use no “Lifeguard” and aggressive signals.
Swing Traders would use “Lifeguard” and aggressive signals.
To make the life of the FOMO user even easier, I have added all adjustable Take Profit Points, Multiple entry points and Stop Loss points.
Simply choose how many Take Profit points you would like to have and choose the percentage after which you would like to see the Take Profit point appear on the chart and notify you to take profits.
Are you a Trader who likes multiple entries? Also no problem with FOMO. Select how many additional entries you would like to have and after how many percent you would like them to appear on the chart and remind you of adding to the position.
What would a Strategy be without a Stop Loss? Same settings apply here as on the TPs and MEs .
Crypto Modified Indicators
“Show Divergences?” - On/Off to show Divergences on the Chart based on the data of 10 different indicators.
“Show Custom Divergences?” - On/Off to show Divergences on the chart of a custom timeframe.
“Custom Divergence Timeframe?” - Choose the Timeframe for which the Custom Divergences should appear on the chart.
“Show Oversold/bought?” - On/Off to change the colour of the chart in Oversold/bought conditions.
“Oversold/bought value?” - Choose a value for which the chart is Oversold/bought.
“Show Fibonacci Levels?” - On/Off to show automatic Fibonacci Levels.
“Fibonacci Lookback Lenght” - This value states how many candles from right now are taken into account to paint the Fibonacci Levels.
“Fibonacci Lookback Lenght” - Choose a custom Timeframe that should be used to paint the Fibonacci Levels.
Crypto Modified Indicators 2
“Show EMAs?” - On/Off to show three EMAs on the chart, after the example of @Teddycleps
“EMA Lenght 1” - Choose a value for the first EMA Lenght
“EMA Lenght 2 ” - Choose a value for the second EMA Lenght.
“EMA Lenght 3” - Choose a value for the third EMA Lenght.
The area between the first and third EMA is filled. Is EMA1 above 21, it’s filled green. Is it below, it’s filled red.
“Show Ichimoku? ” - On/Off to show Ichimoku on the chart.
“Show Tenkin?” - On/Off to show Tenkin on the chart.
“Tenkin” - Set the lenght of the Tenkin.
“Show Kijun?” - On/Off to show Kijun on the chart.
“Kijun” - Set the lenght of the Kijun.
“Show Senkou?” - On/Off to show the Senkou on the chart. “Senkou” - Set the lenght of the Senkou.
“Displacement” - Set the value of the Displacement.
“Show ZIG ZAG Lines?” - On/Off to show ZigZag Lines on the chart, used to identify short-term trends and EW counts.
“ZZ Lenght 1” - Set the first lenght of the ZigZag Lines.
“ZZ Lenght 2” - Set the second lenght of the ZigZag Lines.
FOMO without any doubt has Custom Alerts for all Signals that it is painting on the chart. This goes for the “Normal Signals” as well as for the “Lifeguard Signals”.
One can even choose to receive custom notifications for Take Profit points, Multiple Entry points and the Stop Loss points.
The signals appear on the chart DURING the candle, not at the end of the candle. Therefore, the alerts do this as well. These appear during the candle.
Here we can see all of the possible Alerts that can be chosen to be displayed. In total it is 30 different custom alerts, based on what the trader is looking for and how he is trading.
Personally, I have 10-15 coins that I trade the most and for these I have custom notifications, mostly though only the SAFE FOMO Buy and Sell Signals.
To activate Alerts for FOMO
1) Go to the “ALERT” icon on the top tool bar of your Tradingview.
2) Select “CONDITION” as “—Crypto FOMO Strategy—“
3) Then choose ONE condition from the list of conditions.
4) On “OPTIONS” you can set how many times it appears, I have “Once per Bar”.
4.1) If you want to make sure that the signal is truly there and not just a condition for a second during the candle, choose “ONCE PER BAR CLOSE”.
5) “Expiration Time” sets the time until the alert expires. PRO users have no expiration for alerts.
6) “Alert Actions” give you a row of choices what happens and how you want to be notified.
7) “Message” is the message that you receive inside the notification.
AFTERWORD/DISCLAIMER
FOMO has been created after my goal to #MakeCryptoProfessionalAgain. Every aspect of it has its own and very specific use, which traders have shown to find useful in their trading.
This Indicator is meant to help new and experienced traders to understand the various aspects of this market and access all of the most important and most commonly used tools, with JUST ONE CLICK.
FOMO should be used responsibly and treated as an indicator. Signals, scripts, algorithms can NEVER be 100% exact. It is up to the trader to make a well thought and educated decision, wether to follow a signal or not. Our brains are way more advanced than any indicator and algorithm.
I advise especially for this reason to have not just the signals turned on. Please do not use the SAME settings for each chart. Look which Aggressiveness and Lifeguard Settings fit your chart the most, you will be amazed how well some charts work with FOMO.
FOMO should NOT make you FOMO into a trade anymore. It should teach you to make more educated decisions and especially for margin trading reduce the risk of liquidation.
Should you have problems with being liquidated multiple times, I advise to use the “STOP LOSS” function.
Most importantly, enjoy the indicator and trading in general.
Delta Volume Columns [LucF]Displays delta volume columns using intrabar volume information. Each volume column is divided into three sections: buying, selling and neutral volume. Volume for each section is determined from the volume and price movement of each intrabar at a user-selected lower resolution.
Features include:
- Choice of color themes for either dark or light chart backgrounds
- Delta volume columns
- Volume Balance displayed as the difference between the MAs of buying and selling volume
- Display of divergences between a bar’s volume balance and the bar’s price movement (example: buying volume > selling volume but close < open). Divergences can be shown in 2 different color schemes (including green/red showing a tentative direction), on volume columns and/or on chart bars
- Display of bar by bar volume balance with highlighting of above average volume
- Display of the usual total volume MA
- Choice of the lower resolution used to retrieve intrabar information
- Alerts configurable on any combination of the markers, with control over long/short direction
- Choice of 3 different markers:
1. Double bumps: two consecutive bars where buying or selling volume is in the same direction and where volume > volume MA
2. Divergence confirmations: direction of the price bar following a price/volume balance divergence
3. Volume balance shifts: zero level crossings of the volume balance MA delta
The chart shows the two main modes of display:
- Top pane : shows the stacked volume columns with divergences in orange and the flattened volume balance MAs delta at the bottom of the volume columns. This volume balance is the same shown in the bottom pane. The top pane also shows the instant volume balance strip above the volume columns. The strip’s colors show which of the buying or selling volume was greater, and colors are brighter if the total volume was above the total volume MA.
- Bottom pane : shows the volume balance MAs delta with markers 1 and 2. Given that this graphic has no price momentum component, I find quite eerie how it often looks like a momentum-based signal.
The default 5 minute intrabar resolution is used in combination with the weekly chart, which is excessive.
This script uses a special characteristic of the security() function’s behavior when it is sent to a resolution lower than the chart’s resolution. Details are given in the script’s comments. This method has the advantage of working under more circumstances than some of the other loop-based methods, but it also has its limits.
IMPORTANT
This is what you need to know:
- The method used does not work on the realtime bar—only on historical bars. Consequently, the volume column shown on the realtime bar is a normal volume column plotted in green or red, following price movement. The column will only show delta volume information after it closes and becomes a historical bar.
- The indicator only works on some chart resolutions: 5, 10, 15 and 30 minutes, 1, 2, 4, 6, and 12 hours, 1 day, 1 week and 1 month. The script’s code can be modified to run on other resolutions, but chart resolutions must be divisible by the lower resolution used for intrabars.
- Intrabar resolutions can be selected from 1, 5, 15, 30, 45 minutes, 1, 2, 3, 4 hours, 1 day, 1 week and 1 month. The intrabar resolution must of course be smaller than the chart’s resolution.
- Contrary to my other indicators where alerts must be configured to trigger “Once Per Bar Close” in order to avoid false triggers (or repainting), all this indicator’s alerts are designed to trigger using previous bar information since the indicator’s calculations in the realtime bar are not exact. Markers are not plotted with a negative offset; they appear at the beginning of the realtime bar following confirmation of the marker’s condition on the previous bar. Alerts for this indicator should thus be configured to trigger “Once Per Bar” so they trigger at the beginning of the realtime bar. Note that the penalty is not that great, as it is simply the instant between the close of the previous realtime bar and the opening of the next. The advantage of using this technique is that the indicator does not repaint; a marker that appears at the beginning of the realtime bar will never disappear.
- The script only plots information that is reliable in the realtime bar, i.e., total volume and markers. All other plots are set to n/a to prevent misleading traders.
- When the difference between the chart’s resolution and the lower resolution is too important, volume columns will not calculate for all bars in the dataset.
On Delta Volume
Buying or selling volume are misnomers, as every unit of volume transacted is both bought and sold by 2 different traders. There is no such thing as “buy only” or “sell only” volume, but trader lingo is riddled with original fabulations.
Without access to order book information, traders work with the assumption that when price moves up during a bar, there was more buying pressure than selling pressure. The built-in volume indicator available on TradingView uses this logic to color the volume columns green or red. While this script’s numbers are more precise because it analyses a number of intrabars to calculate its information, it uses the exact same imperfect logic to calculate its buying/selling/neutral sections.
Until Pine scripts can have access to how much volume was transacted at the bid/ask prices, our so-called buying/selling volume information will always be a mere proxy.
Divergences
You may wonder how there can be divergences between buying/selling volume information and price movement. This will sometimes be due to the methodology’s shortcomings we have just discussed, but divergences may also occur in instances where because of order book structure, it takes less volume to increase the price of an asset than it takes to decrease it.
As usual, divergences are points of interest because they reveal imbalances, which may or may not become turning points. I do not share the overwhelming enthusiasm traders have for divergences. To your pattern-hungry brain, the orange bars this indicator shows on chart will—as divergences on other indicators do–appear to often indicate turnarounds. My opinion is that reality is generally quite sobering, as many who have tried building automated rules based on divergences will tell you. I do not have hard numbers on the lack of performance of divergences—only many failed attempts to make them perform, which a few experienced strategy modelers I know share with me. Please don’t try to read too much into them. While they look great on past data, I find they are often difficult to use in realtime to make bets with good odds.
Thanks to:
- A guy called Kuan who commented on a Backtest Rookies presentation of an intrabar delta volume indicator using a for loop. The heart of “my” indicator is code borrowed from Kuan; I just built a hopefully useful wrapper around it.
- @theheirophant, my partner in the exploration of the sometimes weird abysses of security() ’s behavior at lower resolutions.
Consensio With SignalsUsing the ideas from "Consensio" system, by Tyler Jenks, this Indicator shows a Buy and sell values, with 3 levels
using the position order of 3 smas: short, medium and large
There are 3 combinations indicating buy and 3 indicating sell:
Example: LSM (Long SMA Top, Then Short, Then Medium)
3 levels each. More level more power signal for buy or sell
MLS = Sell Level 1
LSM = Sell Level 2
LMS = Sell Level 3
SLM = Buy Level 1
SML = Buy Level 3
MSL = Buy Level 2
The triangles on top of the indicator shows any cross of the 3 SMAs and the level of buy/sell signal of the combination
Consensio HystogramUsing the ideas from "Consensio" system, by Tyler Jenks, this Indicator shows a Buy and sell values, with 3 levels
using the position order of 3 smas: short, medium and large
There are 3 combinations indicating buy and 3 indicating sell:
Example: LSM (Long SMA Top, Then Short, Then Medium)
3 levels each. More level more power signal for buy or sell
MLS = Sell Level 1
LSM = Sell Level 2
LMS = Sell Level 3
SLM = Buy Level 1
SML = Buy Level 3
MSL = Buy Level 2
The triangles on top of the indicator shows any cross of the 3 SMAs and the level of buy/sell signal of the combination
The hystogram shows a composed value, using the distance of each SMA to the close price of each bar and te result is
multiplied by the actual combination order of the SMAs, positive values for Buy, negative for shell, using values from 1 to 3
The longer the SMA period, more weight has in the result value.
(These factors are editables)
My defaults:
50% using Long SMA
35% Using Medium SMA
15% Using Short SMA
Let me know if you encounter this as useful as me.
Nakitxu
Buy and Sell scanner by ThunderTraderHumidity contains indicators:
Stocashtic RSI : is provided as background color, where the green is uptrend and the orange is downtrend
Buy/Sell Pole : the red line from top is signal for sell and green line from bottom is signal for buy
Humidity Ribbon : is price trend ribbon, if the ribbon touch or cross-down the bottom area (the red zone), means accumulation is started and best area to buy, but when ribbon touch cross up the top area (blue zone), means the uptrend is very strong. Ribbon cross down from top area can be used as breakout to sell and also ribbon cross up from bottom area can be used as breakout to buy.
Market Wave : is market circulation where 1 top and 1 bottom are equal to 1 circulation, if 1 circulation is ended then it will be best position to buy or if line touches the bottom, it can be used to buy and vice versa
Chaikin MF% (CMFP) w. Alerts, Bells & Whistles [LucF]This is Chaikin’s Money Flow indicator on a 0-100 scale with buy/sell signals, alerts and other bells & whistles.
It includes:
- a fast EMA (16 periods by default),
- a slow MA (64 periods by default),
- histograms,
- 3 different sorts of crosses,
- big swings identification,
- buy/sell signals on CMFP crossing back from outside user-defined levels,
- buy/sell signals on the slow MA pivots above/below user-defined levels,
- alerts on big swings and buy/sells.
This indicator started with @LazyBear code (VAPI) at:
@cI8DH then changed the scale to 0-100, which I find very useful:
I then added the rest.
The chart above shows both clean and busy versions of the indicator.
Note that the default length is 10 rather than the commonly used 20. I use CMFP in conjunction with VFI and like the fact that it is faster than VFI. The default inputs show the way I normally use this indicator, with the slow MA shown in histogram mode. I find it gives good context to the signal line. Crosses between the two are often useful.
The buy/sell signals aren’t the main attraction of this indicator, and nothing to write home about. Like the big swing markers, I think it’s more realistic to view them as pointers to potentially interesting areas on charts. Their nature makes them more suited to identifying reversals. They certainly aren’t reliable enough to turn this study into a strategy and I normally don’t use them. The levels pre-defined for the buy/sell signals on CMFP are most useful on short intervals. The buy/sell signals on the slow MA pivots work on a more complete range of intervals. Optimization for your specific instruments and intervals will improve their reliability.
As usual when defining alerts, be sure you already have defined proper inputs and that you are on the intended interval, as they will be used when triggering alerts.
Mark IX - alertsUse only on ETH/USD(T) 15 minute candles
-Small green spikes = partial buys
-Large green spikes = 100% buys
-Small red spikes = partial sells
-Large red spikes = 100% sells
When looking at where the spikes occur, they happen based on current price, so you won't know exactly where it would have bought/sold until you run it live. The alerts happen on every tick, not on candle-close so they often buy/sell at far better prices than where the candle closed.
MG - Range trader - 1.0This one is a bit of an experiment..
The theory is, if you have an asset that you firmly believe will rise in the future for fundamental reasons and are happy to hold until that happens i.e. a be a position trader, you can take advantage of market volatility at the same time in a relatively safe way, so theoretically, you profit when the price goes up or down
E.g. You have $1000, an asset in which you want to become a position trader and you are happy to either make more money or more of the asset as you believe that will make you more money in the future, you could wait until a decent retracement, maybe around a good support level, then buy $500 of the asset and simply sell if it goes up by X, buy if it goes down by X. If you keep doing this, you will end up with either with more of the asset or more money. You have a sure gain either way (if you are happy to have either money or asset)
There are some considerations:
The higher the trade size, the faster profit compounds and the faster you exhaust your available buys and sells
- E.g. If asset is $100, you have $500 and you plan to buy / sell every $10 change, if the asset drops straight to $40, your last buy will be at $50, at which point, the asset is still dropping. But it you only plan to buy / sell $5 every $10 price, you will be able to buy right down to 0.
In times of strong trend, it may be better to avoid this approach altogether as there may not be so much oscillation or at least to use a small if not minimum order size.
Application:
The buy and sell triggers can be connected using autoview to convert this indicator into a range trading bot
oenbot BB Buying OpportunitiesThis is my first attempt to emulate the eonbot BB strategy (github.com).
Definitely a beta version, need to work out why false positives, and stop buy/sells after previous buy/sell.
In the wiki page example of eonbot it refers to 75%, in this script enter the converse ... 25% and it should plot accurately.
If you are not familiar with eonbot check out the wiki & github sites : github.com
credits to: www.tradingview.com for the trending components
AutoTrader v2 by CryptoProToolsAutoTrader v2 comes with the ability to heavily customize / fine tune your Buying and Selling strategies separately.
Want to factor in RSI, LOWBB and EMAGAIN for Buys, but then only use MFI and EMA Channels for Sells?
THIS CAN DO THAT!
Choose from the following to create your ideal strategy :
- HIGH BB / LOW BB
- EMAGAIN
- RSI (Relative Strength Index)
- MFI (Money Flow)
- EMA Channels
------------------------------------
CryptoProTools Members Only
-----------------------------------
Hit me up to learn more about becoming a member.
SMMA Analyses - Buy / Sell signals and close position signals This script combines the usage of the SMMA indicator in order to provide signals for opening and closing trades, either buy or sell signals.
It uses two SMMA , a fast and a slow one, both configurable by the users.
The trigger of Buy and Sell Signals are calculated through the SMMA crosses:
Buy Signals : The fast SMMA crosses over the slow SMMA . They are highlighting by a green area and a "B" label.
Sell Signals : The fast SMMA crosses under the slow SMMA . They are highlighting by a red area and a "S" label
The trigger of Close Buy and Close Sell Signals are calculated through the close price crosses with the fast SMMA:
Close Buy Signals : The fast SMMA crosses under the close price and at the same time the trend is bullish , so the fast SMMA is greater than the slow SMMA . They are highlighted by a lighter green area
Close Sell Signals : The fast SMMA crosses over the close price and at the same time the trend is bearish , so the fast SMMA is lower than the slow SMMA . They are highlighted by a lighter red area
Few important points about the indicator and the produced signals :
This is not intended to be a strategy, but an indicator for analyzing the SMMA conditions. It gives you the triggers depending on the real time analysis of the SMMA and prices, but not being a proper strategy, pay attention about "fake signals" and add always a visual analysis to the provided signals
Following this indicator, the trade positions should be opened only when a cross happens. Either in this case, analyse the chart in order to see if the signals are a "weak" ones, due to "waves" around the SMMA . In these cases, you might wait for the next confirmation signals after the waves, when the trend will be better defined
The close trade signals are provided in order to help to understand when you should close the buy or sell trades. Even in this case, always add a visual analysis to the signals, and pay attention to the support/resistance areas. Sometimes, you can have the close signals in correspondence to support/resistance areas: in these cases wait for the definition of the trend and eventually for the next close trade signals if they will be better defined
Reversal Candle Pattern SetUp
An outside reversal candle set up script with buy/sell signals. Looks simple but it's pretty powerful especially if combined with your choice confirming indicator.
The pattern psychology is this one (Frank Ochoa explanation): " The power behind this pattern lies in the psychology behind the traders involved in this setup. If you have ever participated in a breakout at support or resistance only to have the market reverse sharply against you, then you are familiar with the market dynamics of this setup.
[Basically, market participants are testing the waters above resistance or below support to make sure there is no new business to be done at these levels. When no initiative buyers or sellers participate in range extension, responsive participants have all the information they need to reverse price back toward a new area of perceived value.
As you look at a bullish outside reversal pattern, you will notice that the current bar's low is lower than the
prior bar's low. Essentially, the market is testing the waters below recently established lows to see if a downside
follow-through will occur. When no additional selling pressure enters the market, the result is a flood of buying
pressure that causes a springboard effect, thereby shooting price above the prior bar's highs and creating the
beginning of a bullish advance."
QuantTrader MTF Momentum — QUIET v5(TG-clean + Panel)Here’s a clean, plain-English description of the indicator you’re running (“QuantTrader MTF Momentum — QUIET”):
# What it does
* **Finds momentum-aligned breakouts** in the direction of the prevailing trend and a higher-timeframe EMA slope.
* **Filters out chop/noise** using ATR regime, ADX (optional), a choppiness score, and a minimum real-body vs ATR.
* **Confirms with momentum** (RSI, MACD, Stochastic). Each can add +1 to a 0–3 score.
* **Plots risk levels** (stop + 1R/1.5R/2R targets) based on ATR.
* **Shows a Status Panel** (“Metric / Status”) that tells you—bar by bar—what’s OK vs BLOCK.
* **Emits Telegram-ready JSON** when a Buy/Sell triggers and when TP/SL events hit (for TradingView webhook alerts).
# How a signal is built (Quiet Mode = ON)
A **BUY** plots only when, at bar close:
1. **Session**: current bar is inside an enabled session (if “Trade only in active sessions” is ON).
2. **Trend OK (UP)**: price above the chosen baseline (EMA/HMA/Supertrend) **and** HTF EMA slope > +0.02% with price above the HTF EMA.
3. **Confluence UP**: momentum score ≥ your “Min Momentum Signals” (0–3 from RSI/MACD/Stoch):
* **RSI** ≥ Buy level and **rising** (3-bar test) → +1
* **MACD** line **crosses above** signal and histogram > 0 → +1
* **Stoch** %K **crosses above** %D and both < Oversold → +1
4. **ATR Regime**: current ATR within .
5. **ADX**: ADX ≥ threshold (only if enabled).
6. **Choppiness**: ≤ max limit.
7. **Body vs ATR**: candle real-body ≥ (MinBody × ATR).
8. **Donchian**: if required, close > prior Donchian High.
A **SELL** mirrors the above in the opposite direction (below baseline, HTF slope < −0.02%, RSI falling, MACD crossunder, Stoch crossunder, etc.).
> If **Quiet Mode = OFF** the rules relax: Trend OK + (momentum score ≥ 1) + ATR Regime are enough. Use this for more frequent/earlier entries.
# Plots & visuals
* **Triangles** below/above bars = Buy/Sell trigger on bar close.
* **Risk overlay** (if enabled): stop and 1R/1.5R/2R target lines auto-scaled by ATR.
* **Session shading** (optional): different tints for Asian/London/NY.
# Status Panel (Metric / Status)
Turn on **Inputs → Status Panel → Show Metric / Status Panel**.
Each row shows **OK** (green) or **BLOCK** (red) for the current bar:
* Session, Trend OK (UP/DN), Confluence UP/DN, ATR Regime, ADX, Choppiness, Body vs ATR, Donchian, and **MomScore U/D** (e.g., `2/0` means 2 components long, 0 short).
# Presets & HTF confirm
* **Presets** load sensible thresholds for different markets/speeds (e.g., “Forex Fast”, “Gold Momentum”, “BTC Intraday”, or London-focused variants).
* **HTF EMA slope** checks slope and price vs an EMA on a higher timeframe you choose (defaults 60m; presets can override).
# Inputs you’ll touch most
* **Baseline** & its length (EMA/HMA/Supertrend).
* **HTF Timeframe** & EMA length.
* **RSI/MACD/Stoch** lengths and levels.
* **ATR/ADX/Chop/Min Body** filters.
* **Donchian breakout** length (or disable it).
* **Quiet Mode** ON for cleaner signals, OFF for more signals.
* **Risk overlay** stop multiple and target Rs.
* **Panel**: toggle & corner.
# Alerts & Telegram
* The script’s `alert()` calls produce **JSON payloads** (Buy/Sell + TP/SL hits).
* Create a TradingView alert with **Webhook URL** pointing to your Telegram bridge/service and **Message** set to `{{strategy.order.alert_message}}` if your bridge reads the alert body, **or** just leave it since the script already calls `alert()` with the JSON.
* TP/SL alerts use typed `rr` (e.g., 1.0, 1.5, 2.0) and pass `na` when not applicable.
# Tips for use (EURUSD 5m/15m, London)
* Start with **Preset = “Balanced 5m London”** on 5m; **“15m London”** on 15m.
* Keep **Quiet Mode ON** for fewer, higher-quality entries.
* If signals are sparse: lower **Min Momentum Signals** to 1, or disable **Donchian**.
* If signals are noisy: raise **Min Body**, raise **ADX ≥**, or tighten **ATR range** (increase min & decrease max).
* Consider only taking buys when **MomScore U/D** shows `≥ Min` on the UP side and the DOWN side is 0 (and vice-versa for sells).
That’s the whole logic + how to read it. If you want me to tailor a “minimal-noise” profile for your exact broker feed, tell me the symbol and timeframe and I’ll give you concrete input values.
RSI Buy/Sell SignalsThis indicator generates buy and sell signals based on the Relative Strength Index (RSI). It works by calculating the RSI value over a 14-period length and then checking if the RSI drops below 30 (oversold) or rises above 70 (overbought). When it’s oversold, the indicator plots a green upward arrow suggesting a potential buy. When it’s overbought, it plots a black downward arrow suggesting a potential sell. In essence, it helps traders spot possible reversal points using RSI levels directly on their charts. CME_MINI:NQ1!
Binary Trading help 1.0**BNCS - Advanced Reversal Signals**
This indicator is engineered to identify high-probability reversal points by analyzing market momentum and structure. It is designed for traders who want to anticipate potential trend changes with a higher degree of confirmation.
**How It Works: The Core Logic**
The strength of this indicator lies in its multi-layered signal generation process, which combines two primary reversal detection techniques with powerful confirmation filters.
**1. Core Reversal Engine:**
* **Momentum Shift Analysis:** The algorithm detects rapid changes in market momentum by analyzing the slope of a short-term Exponential Moving Average (EMA). A sudden flip in the slope from negative to positive (or vice-versa) often precedes a price reversal.
* **Price-Momentum Divergence:** It uses a custom oscillator to spot classic bullish and bearish divergences. A signal is flagged when the price makes a new high/low, but the momentum oscillator fails to confirm it, indicating potential trend exhaustion.
**2. Confirmation Filters for Accuracy:**
* **Support/Resistance Zone Filter:** Signals are validated only when they occur near significant, automatically-drawn support (for buys) or resistance (for sells) levels. This ensures you are trading from key price zones, not in the middle of nowhere.
* **Dynamic Trend Ribbon:** A Super Smoother-based ribbon helps identify the current market state (Uptrend, Downtrend, or Ranging). You can configure the indicator to only take signals that align with the broader trend, or to specifically look for reversals during ranging conditions.
**Key Features:**
* **Clear BUY/SELL Signals:** Non-repainting signals based on the confluence of the core logic.
* **Automatic S/R Levels:** Key pivot-based support and resistance lines are plotted on the chart.
* **Real-Time Dashboard:** A compact panel provides an at-a-glance summary of the market trend and a unique **Signal Confidence Score**, which is calculated based on how many internal conditions are met for a given signal.
**How to Use:**
1. Look for BUY signals near a key support level and SELL signals near a key resistance level.
2. Check the Dashboard for a higher "Signal Confidence" score for more reliable trades.
3. Use the Trend Ribbon to understand the market context before entering a trade.
**Disclaimer:**
This is a trading tool, not financial advice. Always use proper risk management and use this indicator as a confirmation tool alongside your own analysis.
HL 20 Hybrid [Paifcode]HL 20 Hybrid — Invite-Only
What it is
HL 20 Hybrid builds a volatility-adaptive High/Low band from an EMA-20 core, blended with a user-selectable slower smoother.
A “sticky” regime engine (body-breaks, ATR edge buffers, basis hysteresis, consecutive-bar confirmation, minimum hold) reduces flip noise.
Signals are synchronized with what you see:
Low line turns blue → BUY (triangle up + barcolor sync)
High line turns red → SELL (triangle down + barcolor sync)
No lookahead; repaint-free.
Concept & origin (why this exists)
This started as a simple EMA-20 High/Low scalping idea on FX. It caught impulse legs but flipped too often in chop. I iterated toward:
Hybrid smoothing: EMA-20 + selectable slow smoother (RMA / EMAx2 / KAMA / ALMA / WMA / McGinley / Jurik-approx) with a blend weight, applied separately to Close/High/Low → Basis/Upper/Lower.
Volatility-adaptive width: deviations from Basis plus ATR padding.
Sticky regime detection: body-based breaks of the band edges, ATR edge buffer, basis hysteresis, consecutive bars to confirm, and a minimum hold so flips don’t whipsaw.
One-to-one visuals: signal triangles fire on the same bar the line color turns, so the chart and alerts match.
How it works (pipeline)
Hybrid smoother
Compute EMA-20. Compute a slow smoother (choose: RMA, EMAx2, KAMA-custom, ALMA, WMA, McGinley, Jurik-approx).
Hybrid = EMA20 × (1–blend) + Slow × blend. Run this on Close/High/Low separately → Basis / HighHybrid / LowHybrid.
Band construction
Upper = Basis + (HighHybrid − Basis) × width + ATR × padding
Lower = Basis − (Basis − LowHybrid) × width − ATR × padding
Regime engine (no repaint)
Detect body breaks (optional wick mode) beyond edge buffers.
Apply basis hysteresis and require N consecutive outside bars.
Enforce minimum hold bars after a flip.
Calculations use confirmed bars only.
Signals & visuals
BUY when regime flips to long (low line turns blue).
SELL when regime flips to short (high line turns red).
Barcolor follows the active regime.
“Signals are synchronized with line colors: Low line turns blue → BUY; High line turns red → SELL.”
Inputs (quick reference)
Smoother: RMA / EMAx2 / KAMA / ALMA / WMA / McGinley / Jurik-approx + blend weight
Band width: multiplier ≥ 1.0, optional ATR padding (len & ×)
Regime control: Body-break toggle, edge buffer (×ATR), basis hysteresis (×ATR), consecutive bars, min hold bars
Visuals: Upper/Lower colors, show basis
Tuning guide (cookbook)
Choppy markets: increase consecutive bars, min hold, and edge buffer; or add a touch more ATR padding.
Late entries: reduce consecutive bars and min hold, or slightly decrease edge buffer.
Too tight bands: increase width multiplier or ATR padding.
Too loose bands: decrease width multiplier and/or padding.
ibb.co
“Chop control with consecutive bars / min hold / edge buffer. Flips stay clean.”
Usage notes
Recommended to alert on BUY/SELL flips and work entries around them with your execution rules.
Multi-TF anchoring is not included by design; the engine is single-TF, no lookahead.
Not a strategy; pair with risk and session management.
Limitations & transparency
No guarantees across all symbols/timeframes.
Jurik-approx and KAMA are custom approximations implemented from public concepts; no external code is copied.
Repaint-free: the script does not rely on future bars nor HTF lookahead.
Originality & usefulness (for moderators)
This is not a mashup; it’s a single, coherent pipeline where every component serves the objective of reducing flip noise while keeping entries aligned to what the user sees:
Hybrid smoothing (EMA20 + selectable slow) is integrated with band width/ATR padding, which in turn feeds the regime engine (body breaks + buffers + hysteresis + hold).
The signal mechanism is coupled to the visual state (line colors) to maintain a one-to-one relationship between alerts and chart.
All logic is implemented in-house using TradingView built-ins; classic references (Wilder, EMA, ALMA, etc.) are public domain concepts, not reused code.
Changelog
v1.0: Initial invite-only release.
Multi-Confluence MTF S/R Signal5 Confluences:
RSI - Detects oversold/overbought conditions with momentum
MACD - Confirms trend direction and momentum shifts
Moving Average Trend - Validates price position relative to 50 SMA and 20 EMA
Volume - Ensures strong participation (1.5x average volume)
Price Action - Confirms breakout (higher high for buys, lower low for sells)
Features:
Green triangles below bars = BUY signal (all 5 confluences bullish)
Red triangles above bars = SELL signal (all 5 confluences bearish)
Background coloring when signals occur
Real-time dashboard showing each confluence status
Built-in alerts you can enable
Customizable parameters for all indicators
Multi-Timeframe Features:
Higher Timeframe Analysis (Default: 60 min)
HTF Trend - Checks if price is above/below moving averages on higher timeframe
HTF MACD - Confirms momentum direction
HTF RSI - Validates not overbought/oversold
Signal Types:
Strong Signals (Full triangles with text)
✅ All 5 current timeframe confluences aligned
✅ Higher timeframe confirmation (2 of 3 HTF conditions)
GREEN "BUY" or RED "SELL" labels
Weak Signals (Small transparent triangles with "?")
✅ All 5 current timeframe confluences aligned
❌ NO higher timeframe confirmation
Use with caution - may signal counter-trend trades
Dashboard Updates:
Shows Current Timeframe section (all 5 confluences)
Shows HTF status (your chosen higher timeframe)
Displays final signal strength
Customizable Settings:
Enable/Disable MTF - Toggle multi-timeframe confirmation
Higher Timeframe - Choose any timeframe (15m, 60m, 4H, D, etc.)
Require HTF - Force HTF confirmation or allow weak signals
Alerts:
Strong Buy/Sell - Full confirmation
Weak Buy/Sell - No HTF confirmation
BSP Aggressive - JarassTitle / Short Description:
BSP Aggressive – Early Trend & Smart Money Detector
Description:
Unlock the power of market insight with BSP Aggressive, the enhanced Buy/Sell Pressure indicator designed for proactive traders. Spot early trend shifts and identify where the “real money” enters the market—before price reacts!
Why BSP Aggressive?
• ⚡ Early Trend Detection: Delta line and pressure columns highlight potential trend reversals ahead of price.
• 💰 Smart Money Visibility: Green columns = strong buying, red columns = strong selling. Know where big players are active.
• 🎯 Noise Reduction: Filters out insignificant trades using volume thresholds, keeping your signals clear.
• ⏱ Intraday Friendly: Perfect for 1-min, 5-min, and 15-min charts, but adaptable to higher timeframes.
• 🛠 Trend Context: Hull MA-based coloring ensures signals align with the current market trend.
How to Use:
1. Look for green columns + rising delta → potential early uptrend.
2. Look for red columns + falling delta → potential early downtrend.
3. Ignore small, filtered columns → reduce false signals.
4. Combine with support/resistance or other trend tools for maximum accuracy.
Disclaimer:
For educational and analytical purposes only. Not a guaranteed predictor of price movements. Always use proper risk management
Atlas Trend LiteAtlas Trend Lite User Guide
1. Overview
This tool shows colored clouds and signals on your chart to help you see whether the price is more likely to go up or down. It also shows “buy” and “sell” signals on a single candle and marks their strength with small indicators.
Everything is visible at a glance: colors, shapes, and clouds. You don’t need to worry about complicated numbers or technical terms.
2. Colors and Clouds
Green Cloud Price is likely going up.
Red Cloud Price is likely going down.
Green Candle / Bar Price is rising.
Red Candle / Bar Price is falling.
Yellow Small Candle Candle body is small, price didn’t move much.
Clouds show trend direction. Green means upward, red means downward.
3. Buy / Sell Signals
Signals appear only once per candle, never stacked.
Green Circle (large outer, small white inner) → Buy signal
Red Circle (large outer, small white inner) → Sell signal
Outer colored circle shows direction, inner small white circle shows confidence.
4. Last Signal-Based Levels
On the top-right panel, you’ll see:
Row Meaning
Last Signal Most recent signal: “Buy” or “Sell”
SL (Stop Loss) Safe price limit: if price hits here, trade stops.
TP (Take Profit) Target price: if price hits here, profit is taken.
Signal Strength Strength of the signal (0–100). Higher means more reliable.
Cloud L1 / L2 Cloud boundaries. Look at the color to see trend direction.
Price Current price.
SL and TP change based on the last signal:
Buy → TP above, SL below
Sell → TP below, SL above
5. How to Use
Check the clouds:
Green → upward trend
Red → downward trend
Look at the signals:
Green circle → consider buying
Red circle → consider selling
Check SL and TP levels:
Follow panel levels to manage your risk.
Pay attention to signal strength:
Strong → more reliable
Weak → caution, trend uncertain
Observe candle colors and markers:
Yellow candle → small price movement
Green / Red candle → trend direction
6. Example Visual
Buy signal: Green cloud, green circle below candle, panel shows Long with green TP/SL
Sell signal: Red cloud, red circle above candle, panel shows Short with red TP/SL
You can quickly see the likely price direction and make informed decisions.
7. Important Notes
Signals only appear once per candle, never repeat on past candles.
Heatmap and clouds appear mainly on the chart, signals as circles.
Signals and colors adjust automatically to your selected timeframe.
Focus on visual cues only; you don’t need to analyze calculations.
ICT CBT + Elliott Wave + Candlestick PatternsICT CBT + Elliott Wave + Candlestick Patterns Strategy Overview
🎯 Strategy Overview
This is a multi-dimensional technical analysis trading system that integrates three major technical analysis methods: ICT core concepts, Elliott Wave analysis, and candlestick pattern recognition, providing traders with comprehensive market analysis and precise buy/sell signals.
📊 Core Components
1. ICT CBT Resistance Line System
Calculation: Average of 12-period EMA and 89-period SMA
Function: Serves as a dynamic support/resistance line; prices above indicate bullish market, below indicate bearish market
Real-time Display: Extends current CBT line position and values on the right side of the chart
2. Elliott Wave Analysis Engine
Pattern Recognition: Impulse waves (waves 1,3,5) and corrective waves (waves 2,4)
Key Trading Points:
🌊 Wave 2 Pullback: 38.2% Fibonacci retracement level
🌊 Wave 4 Pullback: 61.8% Fibonacci retracement level
🌊 Wave 3 Breakout: Confirmation of wave 3 beginning with breakout above previous high
🌊 Wave C Breakout: Signal for wave C beginning in bear markets
3. Candlestick Pattern Recognition System
Bullish Patterns (Orange indicators):
🕯 Hammer: Bottom reversal signal
🕯 Bullish Engulfing: Strong reversal pattern
🕯 Morning Star: Triple bottom reversal
Bearish Patterns (Purple indicators):
🕯 Shooting Star: Top reversal signal
🕯 Bearish Engulfing: Strong top pattern
🕯 Evening Star: Triple top reversal
4. Classic Technical Patterns
123 Pattern: Trend reversal confirmation
2B Pattern: False breakout reversal signal
Structural Breakout: Important support/resistance breakout
⚙️ Intelligent Filtering System
EMA51 Trend Filter
Function: Ensures trading direction aligns with the main trend
Rules:
Only long signals when EMA51 is rising
Only short signals when EMA51 is falling
Optional enable/disable
Risk Management Module
Stop Loss Calculation: Dynamic adjustment based on ATR (1.5x ATR)
Take Profit Target: Adjustable risk-reward ratio (default 2:1)
Minimum R/R Ratio Filter: Only shows signals meeting the risk-reward requirement
🎨 Visual Identification System
Signal Color Coding
Elliott Wave: Blue 🌊
Candlestick Buy: Orange 🕯
Candlestick Sell: Purple 🕯
Basic Technical Signals: Green ✅/Red ✅
Box Display
Stop Loss Area: Red transparent background
Take Profit Area: Green transparent background
Border Options: Choice of no borders or thin same-color borders
📈 Signal Priority
The system displays signal types in the following priority order:
Candlestick Pattern Signals (Highest priority)
Elliott Wave Signals
Basic Technical Signals (Lowest priority)
When multiple signals appear simultaneously, higher-level signal types are prioritized for display.
🔧 Parameter Configuration
Basic Parameters
Risk-Reward Ratio (1.0-5.0)
Stop Loss ATR Multiplier (0.5-3.0)
Minimum R/R Ratio Filter (1.0-3.0)
Theory Switches
Elliott Wave Mode: Enable/Disable
Candlestick Pattern Recognition: Enable/Disable
EMA51 Trend Filter: Enable/Disable
Display Control
Historical Signal Display
Stop Loss/Take Profit Box Display
Box Border Display
💡 Usage Recommendations
Best Practices
Multi-timeframe Verification: Confirm trend on daily charts, find entry points on 4H/1H charts
Confluence Trading: Wait for multiple signal types to converge at the same position
Strict Risk Management: Always maintain risk-reward ratio of 1:2 or higher
Trend Following: Prioritize signals that align with EMA51 trend direction
Suitable Markets
Major Forex currency pairs
Stock index futures
Cryptocurrencies
Stocks (high liquidity)
Timeframes
Recommended: 4-hour charts, daily charts
Also applicable to: 1-hour charts (parameter adjustment required)
⚠️ Risk Disclaimer
Technical Analysis Limitations: All technical indicators have lag
Market Risks: Black swan events may invalidate technical analysis
Money Management: Recommended single trade risk not exceeding 2% of total capital
Live Testing: Thoroughly test on demo accounts before using in live trading
🚀 Strategy Advantages
Multi-dimensional Confirmation: Three independent analysis methods mutually verify
Visual Intuitiveness: Clear color coding and identification system
Flexible Configuration: Adjustable parameters based on personal trading style
Risk Management: Built-in scientific stop loss and take profit calculations
Historical Backtesting: Supports viewing historical signal performance
This strategy system provides traders with a comprehensive, scientific technical analysis framework to help make more rational trading decisions in complex market environments.
Multi-Timeframe MACD with Color Mix (Nikko)Multi-Timeframe MACD with Color Mix (Nikko) Indicator
This documentation explains the benefits of the "Multi-Timeframe MACD with Color Mix (Nikko)" indicator for traders and provides easy-to-follow steps on how to use it. Written as of 05:06 AM +07 on Saturday, October 04, 2025, this guide focuses on helping you, as a trader, get the most out of this tool with clear, practical advice before diving into the technical details.
Benefits for Traders
1. Multi-Timeframe Insight
This indicator lets you see momentum trends across 15-minute, 1-hour, 1-day, and 1-week timeframes all on one chart. This big-picture view helps you catch both quick market moves and long-term trends without flipping between charts, saving you time and giving you a fuller understanding of the market.
2. Visual Momentum Representation
The background changes from red to green based on short-term (15m) momentum, giving you a quick, easy-to-see signal—red means bearish (prices might drop), and green means bullish (prices might rise). The histogram uses a mix of red, green, and blue colors to show the combined strength of the 1-hour, 1-day, and 1-week timeframes, helping you spot strong trends at a glance (e.g., a bright mix for strong momentum, darker for weaker).
3. Enhanced Decision-Making
The background and histogram colors work together to confirm trends across different timeframes, making it less likely you’ll act on a false signal. This helps you feel more confident when deciding when to buy, sell, or hold.
4. Proactive Alert System
You can set alerts to notify you when the percentage of bullish timeframes hits your chosen levels (e.g., below 10% for bearish, above 90% for bullish). This keeps you in the loop on big momentum shifts without needing to watch the chart all day—perfect for when you’re busy.
5. Flexibility and Efficiency
You can turn timeframes on or off, adjust settings like speed of the moving averages, and tweak transparency to fit your trading style—whether you’re a fast scalper or a patient swing trader. Everything is shown on one chart, saving you effort, and the colors make it simple to read, even if you’re new to trading.
How to Use It
Getting Started
Add the Indicator: Load the "Multi-Timeframe MACD with Color Mix (Nikko)" onto your TradingView chart using the Pine Script editor or indicator library.
Pick Your Timeframes: Turn on the timeframes that match your trading—use 15m and 1h for quick trades, or 1d and 1w for longer holds—using the enable_15m, enable_1h, enable_1d, enable_1w, and enable_background options.
Reading the Colors
Background Gradient: Watch for red to signal bearish 15m momentum and green for bullish momentum. Adjust the Background_transparency (default 75%, or 25% opacity) if the chart feels too busy—try lowering it to 50 for clearer candlesticks in fast markets.
Histogram and EMA Colors:
The histogram and its Exponential Moving Average (EMA) line show a mix of red (1-week), green (1-day), and blue (1-hour) based on how strong the momentum is in each timeframe.
Brighter colors mean stronger momentum—white (all bright) shows all timeframes are pushing up hard, while darker shades (like gray or black) mean weaker or mixed momentum.
Turn off a timeframe (e.g., enable_1h = false) to see how it changes the color mix and focus on what matters to you.
Setting Alerts
Set Your Levels: Choose a threshold_low (default 10%) and threshold_high (default 90%) based on your comfort zone or past market patterns to catch big turns.
Get Notifications: Use TradingView alerts to get pings when the market hits your set levels, so you can act without staring at the screen.
Practical Tips
Pair with Other Tools: Use it with support/resistance lines or the RSI to double-check your moves and build a solid plan.
Tweak Settings: Adjust fast_length, slow_length, and signal_smoothing to match your asset’s speed, and bump up the lookback (default 50) for steadier trends in wild markets.
Practice First: Test different timeframe combos on a demo account to find what works best for you.
Understanding the Colors (Simple Explanation)
How Colors Work
The histogram and its EMA line use a color mix based on a simple idea from color theory, like mixing paints with red, green, and blue (RGB):
Red comes from the 1-week timeframe, green from 1-day, and blue from 1-hour.
When all three timeframes show strong upward momentum, they blend into bright white—the brightest color, like a super-bright light telling you the market’s roaring up.
If some timeframes are weak or pulling down, the mix gets darker (like gray or black), warning you the momentum might not be solid.
Brighter is Better
Bright Colors = Strong Opportunity: The brighter the histogram and EMA (closer to white), the more all your chosen timeframes are in agreement that prices are rising. This is your signal to think about buying or holding, as it points to a powerful trend you can ride.
Dark Colors = Caution: A darker mix (toward black) means some timeframes are lagging or bearish, suggesting you might wait or consider selling. It’s like a dim light saying, “Hold on, check again.”
Benefit in Practice: Watching the brightness helps you jump on the best trades fast. For example, a bright white histogram on a green background is like a green traffic light—go for it! A dark gray on red is like a red light—pause and rethink. This quick color check can save you from bad moves and boost your profits when the trend is strong.
Why It Helps
These colors are your fast friend in trading. A bright histogram means all your timeframes are cheering for an uptrend, giving you the confidence to act. A dull one tells you to be careful, helping you avoid traps. It’s like having a color-coded guide to pick the hottest market moments!
Technical Details
Input Parameters
Fast Length (default: 12): Short-term moving average speed.
Slow Length (default: 26): Long-term moving average speed.
Source (default: close): Price data used.
Signal Smoothing (default: 9): Smooths the signal line.
MA Type (default: EMA): Choose EMA or SMA.
Timeframe and Scaling
Timeframes: 15m, 1h, 1d, 1w, with on/off switches.
Lookback Period (default: 50): Sets the data window for trends.
Background Transparency (default: 75%): Controls background see-through level.
MACD Calculation
Per Timeframe: Uses request.security():
MACD Line: ta.ema(src, fast_length) - ta.ema(src, slow_length).
Signal Line: ta.ema(MACD, signal_length).
Histogram: (macd - signal) / 3.0.
Background Gradient
15m Normalization: norm_value = (hist_15m - hist_15m_min) / max(hist_15m_range, 1e-10), limited to 0-1.
RGB Mix: Red drops from 255 to 0, green rises from 0 to 255, blue stays 0.
Apply: color.new(color.rgb(r_val, g_val, b_val), Background_transparency).
Histogram and EMA Colors
Color Assignment:
1h: Blue (#0000FF) if hist_1h >= 0, else black.
1d: Green (#00FF00) if hist_1d >= 0, else black.
1w: Red (#FF0000) if hist_1w >= 0, else black.
Final Color: final_color = color.rgb(min(r, 255), min(g, 255), min(b, 255)).
Plotting: Histogram and EMA use final_color; MACD (#2962FF), signal (#FF6D00).
Alerts
Bullish Percentage: bullish_pct = (bullish_count / bullish_total) * 100, counting hist >= 0.
Triggers: Below threshold_low or above threshold_high.
--------------------------------------------------------------------
Conclusion
The "Multi-Timeframe MACD with Color Mix (Nikko)" is your all-in-one tool to spot trends, confirm moves, and trade smarter with its bright, easy-to-read colors. By using it wisely, you can sharpen your market edge and trade with more confidence.
This README is tailored for traders and reflects the indicator's practical value as of 05:06 AM +07 on October 04, 2025.
