IU BBB(Big Body Bar) StrategyDESCRIPTION
The IU BBB (Big Body Bar) Strategy is a price action-based trading strategy that identifies high-momentum candles with significantly larger body sizes compared to the average. It enters trades when a strong bullish or bearish move occurs and manages risk using an ATR-based trailing stop-loss system.
USER INPUTS:
- Big Body Threshold – Defines how many times larger the candle body should be compared to the average body ( default is 4 ).
- ATR Length – The period for the Average True Range (ATR) used in the trailing stop-loss calculation ( default is 14 ).
- ATR Factor – Multiplier for ATR to determine the trailing stop distance ( default is 2 ).
LONG CONDITION:
- The current candle’s body is greater than the average body size multiplied by the Big Body Threshold.
- The closing price is higher than the opening price (bullish candle).
SHORT CONDITION:
- The current candle’s body is greater than the average body size multiplied by the Big Body Threshold.
- The closing price is lower than the opening price (bearish candle).
LONG EXIT:
- ATR-based trailing stop-loss dynamically adjusts, locking in profits as the price moves higher.
SHORT EXIT:
- ATR-based trailing stop-loss dynamically adjusts, securing profits as the price moves lower.
WHY IT IS UNIQUE:
- Unlike traditional momentum strategies, this system adapts to volatility by filtering trades based on relative candle size.
- It incorporates an ATR-based trailing stop-loss, ensuring risk management and profit protection.
- The strategy avoids choppy market conditions by only trading when significant momentum is present.
HOW USERS CAN BENEFIT FROM IT:
- Catch Strong Price Moves – The strategy helps traders enter trades when the market shows decisive momentum.
- Effective Risk Management – The ATR-based trailing stop ensures that winning trades remain profitable.
- Works Across Markets – Can be applied to stocks, forex, crypto, and indices with proper optimization.
- Fully Customizable – Users can adjust sensitivity settings to match their trading style and time frame.
ค้นหาในสคริปต์สำหรับ "crypto"
Wave N + KDJ + Volumi + SMC + IchimokuWave N + KDJ + Volume + SMC + Ichimoku Indicator
Overview
This script is a multi-layered technical indicator designed to provide traders with enhanced market insights by combining five key methodologies:
• Wave N Pattern (Price Action)
• KDJ Oscillator (Momentum)
• Volume Filtering (Confirmation)
• Smart Money Concepts (Order Blocks) (Institutional Activity)
• Ichimoku Cloud (Trend and Support/Resistance)
By integrating these components, the indicator identifies high-probability trading signals, early warnings of trend shifts, and institutional price zones to improve decision-making in volatile markets.
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How It Works
1️⃣ Wave N Pattern (Price Action Structure)
The Wave N pattern is a classic price action formation that helps spot potential trend reversals and continuations:
• A Bullish Wave N is detected when a higher low and a higher high structure appears.
• A Bearish Wave N is detected when a lower high and a lower low structure forms.
2️⃣ KDJ Oscillator (Momentum & Trend Strength)
The KDJ Indicator is a variation of the Stochastic Oscillator that adds a third line, J, to amplify sensitivity to trend movements.
• J > 50 indicates bullish momentum.
• J < 50 indicates bearish momentum.
• The script includes an early warning signal when J crosses 50, suggesting a possible trend shift.
3️⃣ Volume Filtering (Trade Confirmation)
To avoid false signals, the script integrates volume confirmation:
• A signal is valid only if the volume is above the 20-period EMA of volume.
• This ensures that trade signals are supported by strong market participation.
4️⃣ Smart Money Concepts (Order Blocks)
Order Blocks represent areas of institutional interest, where large traders accumulate or distribute positions.
• The script detects bullish order blocks (potential support) and bearish order blocks (potential resistance).
• These areas help identify optimal entry and exit points.
5️⃣ Ichimoku Cloud (Trend & Dynamic Support/Resistance)
The Ichimoku Cloud is used to confirm trend direction:
• Baseline (Kijun-sen) acts as a key trend filter.
• Senkou Span A & B form the cloud (Kumo), indicating dynamic support/resistance.
• Buy signals require price to be above the baseline, while sell signals require price to be below the baseline.
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Trading Signals & Visual Elements
✅ BUY Signal (Green Arrow)
Occurs when:
• A Bullish Wave N forms
• J > 50 (Bullish KDJ Signal)
• Volume is above EMA threshold
• Price is above the Ichimoku Baseline
❌ SELL Signal (Red Arrow)
Occurs when:
• A Bearish Wave N forms
• J < 50 (Bearish KDJ Signal)
• Volume is above EMA threshold
• Price is below the Ichimoku Baseline
⚠️ Early Warning (Trend Shift Signal)
• An early warning appears when J crosses 50, indicating a possible upcoming trend shift.
• The line color changes based on the potential move:
• Green/Blue → Possible Uptrend
• Red/Orange → Possible Downtrend
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Why This Indicator is Unique?
Unlike simple trend-following indicators, this script:
• Combines Price Action, Momentum, Volume, and Institutional Order Flow for a multi-dimensional approach.
• Filters out weak signals using volume confirmation and Ichimoku.
• Provides early warnings before major trend shifts.
• Visualizes Smart Money Order Blocks, giving traders an edge in spotting institutional zones.
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Best Timeframes & Markets
📊 Recommended Timeframes:
• 1H & 1D (works best on medium/long-term trends)
💹 Markets:
• Crypto, Forex, and Stocks
This indicator is designed for traders who value confluence and strong confirmation in their strategies. Whether you are a trend trader, swing trader, or institutional flow analyst, this tool can help refine your decision-making process.
🚀 Optimize your trades with Wave N + KDJ + Volume + SMC + Ichimoku! 🚀
Sharpe Ratio ScreenerThe original code was created by tim_amblard , and the modifications were made by Mr_Rakun for the purpose of adapting the script into a screener format.
The Sharpe ratio is a popular metric used to measure the risk-adjusted return of an asset or portfolio, which allows traders and investors to assess whether the returns they are receiving are worth the risk they are taking. In this script, the Sharpe ratio is calculated over a 180-day period (approximately 6 months), and several valuation zones are defined based on the ratio to help assess whether an asset is overvalued, undervalued, or critically undervalued.
Key Features:
1. Risk-Free Rate Input: The user can define the risk-free rate (usually the return of government bonds or a similar safe asset) for Sharpe ratio calculation.
2. Lookback Period (180 Days): The default lookback period is set to 180 days (approximately 6 months) to calculate the mean and standard deviation of the asset’s daily returns.
3. Valuation Zones:
• Overvalued Zone: If the Sharpe ratio is greater than 5.
• Undervalued Zone: If the Sharpe ratio is between -1 and 5.
• Critically Undervalued Zone: If the Sharpe ratio is below -3.
• Neutral Zone: If the Sharpe ratio does not meet any of the above conditions.
4. Table View: The script pulls a list of symbols from the user (e.g., cryptocurrency or stock tickers) and displays their latest price, Sharpe ratio, and whether they are in an overvalued, undervalued, or neutral zone in a table format.
5. Custom Symbol Input: The user can input a list of symbols (separated by commas) to track.
6. Daily Timeframe Check: The script warns the user to ensure they are using a daily timeframe, as this indicator is designed specifically for it.
How It Works:
• The script calculates the daily returns for each symbol over the specified lookback period.
• It then calculates the mean and standard deviation of the returns to derive the Sharpe ratio.
• The Sharpe ratio is annualized, and it’s compared to the defined thresholds to categorize the symbol into different valuation zones.
• A table is generated on the chart to show the symbols, their current prices, and their Sharpe ratios, with color-coded background to easily identify whether they are overvalued (red), undervalued (green), or critically undervalued (blue).
This tool is useful for screening multiple assets for their Sharpe ratio to find investment opportunities with optimal risk-adjusted returns.
Original code credit: This code was originally written by tim_amblard and modified by Mr_Rakun for use as a screener.
Türkçe Açıklama:
Orijinal kod tim_amblard tarafından yazılmıştır ve Mr_Rakun tarafından, bu script’in tarayıcı formatına dönüştürülmesi amacıyla değiştirilmiştir.
Sharpe oranı, bir varlığın veya portföyün risk düzeltilmiş getirisini ölçmek için yaygın olarak kullanılan bir metriktir. Bu metrik, yatırımcıların aldıkları risk karşılığında aldıkları getirinin ne kadar verimli olduğunu değerlendirmelerine olanak tanır. Bu script’te, Sharpe oranı 180 günlük bir periyot (yaklaşık 6 ay) boyunca hesaplanır ve oranı baz alarak varlıkların değerleme bölgeleri tanımlanır: aşırı değerli, değerli ve kritik şekilde değersiz.
Ana Özellikler:
1. Risk-Free Rate (Risk-Free Oranı) Girişi: Kullanıcı, Sharpe oranı hesaplaması için risk-free (risksiz) oranı (genellikle devlet tahvilleri veya benzeri güvenli bir varlık getirisi) tanımlayabilir.
2. Lookback (Geribildirim) Periyodu (180 Gün): Varsayılan geribildirim periyodu, varlığın günlük getirilerinin ortalama ve standart sapmalarını hesaplamak için 180 gün (yaklaşık 6 ay) olarak ayarlanmıştır.
3. Değerleme Bölgeleri:
• Aşırı Değerli Bölge: Sharpe oranı 5’ten büyükse.
• Değerli Bölge: Sharpe oranı -1 ile 5 arasında ise.
• Kritik Derecede Değersiz Bölge: Sharpe oranı -3’ten küçükse.
• Nötr Bölge: Sharpe oranı yukarıdaki hiçbir koşulu karşılamıyorsa.
4. Tablo Görünümü: Script, kullanıcıdan alınan semboller listesine göre (örneğin, kripto para veya hisse senedi sembolleri) her bir sembolün son fiyatını, Sharpe oranını ve değerleme bölgesini tablo şeklinde gösterir.
5. Özel Sembol Girişi: Kullanıcı, izlemek istediği semboller listesini (virgülle ayrılmış) girebilir.
6. Günlük Zaman Çerçevesi Kontrolü: Script, kullanıcının doğru sonuçlar almak için günlük zaman çerçevesinde işlem yapması gerektiğini hatırlatır.
Nasıl Çalışır:
• Script, her sembol için belirtilen geribildirim periyodu boyunca günlük getirileri hesaplar.
• Ardından, getirilerin ortalama ve standart sapmasını hesaplayarak Sharpe oranını çıkarır.
• Sharpe oranı yıllıklaştırılır ve tanımlanan eşiklerle karşılaştırılarak sembol, farklı değerleme bölgelerine kategorize edilir.
• Grafik üzerinde, semboller, mevcut fiyatları ve Sharpe oranları gösteren bir tablo oluşturulur. Bu tablo, hangi sembollerin aşırı değerli (kırmızı), değerli (yeşil) veya kritik derecede değersiz (mavi) olduğunu kolayca görmek için renk kodlu arka planlar kullanır.
Bu araç, yatırım fırsatlarını daha verimli bir şekilde değerlendirebilmek için risk düzeltilmiş getiri açısından optimal fırsatları bulmak için birden fazla varlığın Sharpe oranlarını taramak için kullanışlıdır.
Awesome Oscillator (AO) with Signals [AIBitcoinTrend]👽 Multi-Scale Awesome Oscillator (AO) with Signals (AIBitcoinTrend)
The Multi-Scale Awesome Oscillator transforms the traditional Awesome Oscillator (AO) by integrating multi-scale wavelet filtering, enhancing its ability to detect momentum shifts while maintaining responsiveness across different market conditions.
Unlike conventional AO calculations, this advanced version refines trend structures using high-frequency, medium-frequency, and low-frequency wavelet components, providing traders with superior clarity and adaptability.
Additionally, it features real-time divergence detection and an ATR-based dynamic trailing stop, making it a powerful tool for momentum analysis, reversals, and breakout strategies.
👽 What Makes the Multi-Scale AO – Wavelet-Enhanced Momentum Unique?
Unlike traditional AO indicators, this enhanced version leverages wavelet-based decomposition and volatility-adjusted normalization, ensuring improved signal consistency across various timeframes and assets.
✅ Wavelet Smoothing – Multi-Scale Extraction – Captures short-term fluctuations while preserving broader trend structures.
✅ Frequency-Based Detail Weights – Separates high, medium, and low-frequency components to reduce noise and improve trend clarity.
✅ Real-Time Divergence Detection – Identifies bullish and bearish divergences for early trend reversals.
✅ Crossovers & ATR-Based Trailing Stops – Implements intelligent trade management with adaptive stop-loss levels.
👽 The Math Behind the Indicator
👾 Wavelet-Based AO Smoothing
The indicator applies multi-scale wavelet decomposition to extract high-frequency, medium-frequency, and low-frequency trend components, ensuring an optimal balance between reactivity and smoothness.
sma1 = ta.sma(signal, waveletPeriod1)
sma2 = ta.sma(signal, waveletPeriod2)
sma3 = ta.sma(signal, waveletPeriod3)
detail1 = signal - sma1 // High-frequency detail
detail2 = sma1 - sma2 // Intermediate detail
detail3 = sma2 - sma3 // Low-frequency detail
advancedAO = weightDetail1 * detail1 + weightDetail2 * detail2 + weightDetail3 * detail3
Why It Works:
Short-Term Smoothing: Captures rapid fluctuations while minimizing noise.
Medium-Term Smoothing: Balances short-term and long-term trends.
Long-Term Smoothing: Enhances trend stability and reduces false signals.
👾 Z-Score Normalization
To ensure consistency across different markets, the Awesome Oscillator is normalized using a Z-score transformation, making overbought and oversold levels stable across all assets.
normFactor = ta.stdev(advancedAO, normPeriod)
normalizedAO = advancedAO / nz(normFactor, 1)
Why It Works:
Standardizes AO values for comparison across assets.
Enhances signal reliability, preventing misleading spikes.
👽 How Traders Can Use This Indicator
👾 Divergence Trading Strategy
Bullish Divergence
Price makes a lower low, while AO forms a higher low.
A buy signal is confirmed when AO starts rising.
Bearish Divergence
Price makes a higher high, while AO forms a lower high.
A sell signal is confirmed when AO starts declining.
👾 Buy & Sell Signals with Trailing Stop
Bullish Setup:
✅AO crosses above the bullish trigger level → Buy Signal.
✅Trailing stop placed at Low - (ATR × Multiplier).
✅Exit if price crosses below the stop.
Bearish Setup:
✅AO crosses below the bearish trigger level → Sell Signal.
✅Trailing stop placed at High + (ATR × Multiplier).
✅Exit if price crosses above the stop.
👽 Why It’s Useful for Traders
Wavelet-Enhanced Filtering – Retains essential trend details while eliminating excessive noise.
Multi-Scale Momentum Analysis – Separates different trend frequencies for enhanced clarity.
Real-Time Divergence Alerts – Identifies early reversal signals for better entries and exits.
ATR-Based Risk Management – Ensures stops dynamically adapt to market conditions.
Works Across Markets & Timeframes – Suitable for stocks, forex, crypto, and futures trading.
👽 Indicator Settings
AO Short Period – Defines the short-term moving average for AO calculation.
AO Long Period – Defines the long-term moving average for AO smoothing.
Wavelet Smoothing – Adjusts multi-scale decomposition for different market conditions.
Divergence Detection – Enables or disables real-time divergence analysis. Normalization Period – Sets the lookback period for standard deviation-based AO normalization.
Cross Signals Sensitivity – Controls crossover signal strength for buy/sell signals.
ATR Trailing Stop Multiplier – Adjusts the sensitivity of the trailing stop.
Disclaimer: This indicator is designed for educational purposes and does not constitute financial advice. Please consult a qualified financial advisor before making investment decisions.
SMA Trend Filter Oscillator (Adaptive)The "SMA Trend Filter Oscillator (Adaptive)" indicator is a technical analysis tool that helps traders determine the direction and strength of a trend based on an adaptive Simple Moving Average (SMA). The oscillator calculates the difference between the closing price and the SMA value, allowing for the visualization of price deviation from the average and the assessment of current market dynamics.
Key Features of the Indicator:
Adaptation to Time Frame: The indicator automatically adjusts the SMA length based on the current time frame, making it versatile for use across different time intervals. For example:
Monthly Time Frame: SMA with a length of 50.
Weekly Time Frame: SMA with a length of 40.
Daily Time Frame: SMA with a length of 20.
Hourly Time Frame: SMA with a length of 10.
Intraday Time Frames: SMA with a length of 5 (for time frames up to 15 minutes) or 7 (for others).
SMA-Based Oscillator: The oscillator is calculated as the difference between the closing price and the SMA value. This allows:
Bullish Trend Identification: When the oscillator is above zero (price is above SMA).
Bearish Trend Identification: When the oscillator is below zero (price is below SMA).
Visualization: The oscillator is displayed as a histogram, where:
Green Color indicates a bullish trend.
Red Color indicates a bearish trend.
The Zero Line (Gray) serves as a reference for trend reversal.
How to Use the Indicator:
Trend Identification: If the oscillator is above zero and colored green, it signals a bullish trend. If it is below zero and colored red, it indicates a bearish trend.
Trend Strength: The larger the oscillator value (in either direction), the stronger the trend. Small oscillator values (close to zero) may indicate sideways movement or weak trend.
Entry and Exit Points:
Buy: When the oscillator crosses the zero line from below to above (transition from red to green).
Sell: When the oscillator crosses the zero line from above to below (transition from green to red).
Signal Filtering: Use the indicator in combination with other technical analysis tools (e.g., RSI, MACD, or support/resistance levels) to confirm signals.
Advantages of the Indicator:
Adaptability: Automatic adjustment of SMA length to the current time frame makes it versatile.
Simplicity: Intuitive histogram visualization allows for quick assessment of market conditions.
Flexibility: Can be used on any market (stocks, forex, cryptocurrencies) and time frame.
Limitations:
Lag: Like any SMA-based indicator, it can lag due to the use of average values.
False Signals: In sideways markets (flat), the indicator may generate false signals.
Risk Management:
Always set stop-losses and take-profits to minimize losses.
Test the indicator on historical data before using it on a live account.
The "SMA Trend Filter Oscillator (Adaptive)" is a powerful tool for traders seeking to quickly evaluate trends and their strength. Its adaptability and simplicity make it suitable for both novice and experienced traders.
Индикатор "SMA Trend Filter Oscillator (Adaptive)" — это инструмент технического анализа, который помогает трейдерам определять направление тренда и его силу на основе адаптивной скользящей средней (SMA). Осциллятор рассчитывает разницу между ценой закрытия и значением SMA, что позволяет визуализировать отклонение цены от среднего значения и оценивать текущую рыночную динамику.
Основные особенности индикатора:
Адаптация к таймфрейму
Индикатор автоматически подстраивает длину SMA в зависимости от текущего таймфрейма, что делает его универсальным для использования на различных временных интервалах. Например:
Месячный таймфрейм (Monthly): SMA с длиной 50.
Недельный таймфрейм (Weekly): SMA с длиной 40.
Дневной таймфрейм (Daily): SMA с длиной 20.
Часовой таймфрейм (Hourly): SMA с длиной 10.
Внутридневные таймфреймы (Intraday): SMA с длиной 5 (для таймфреймов до 15 минут) или 7 (для остальных).
Осциллятор на основе SMA
Осциллятор рассчитывается как разница между ценой закрытия и значением SMA. Это позволяет:
Определять бычий тренд, когда осциллятор выше нуля (цена выше SMA).
Определять медвежий тренд, когда осциллятор ниже нуля (цена ниже SMA).
Визуализация
Осциллятор отображается в виде гистограммы, где:
Зелёный цвет указывает на бычий тренд.
Красный цвет указывает на медвежий тренд.
Линия нуля (серая) служит ориентиром для определения смены тренда.
Как использовать индикатор:
Определение тренда
Если осциллятор находится выше нуля и окрашен в зелёный цвет, это сигнализирует о бычьем тренде.
Если осциллятор находится ниже нуля и окрашен в красный цвет, это указывает на медвежий тренд.
Сила тренда
Чем больше значение осциллятора (в положительную или отрицательную сторону), тем сильнее тренд.
Небольшие значения осциллятора (близкие к нулю) могут указывать на боковое движение или слабость тренда.
Точки входа и выхода
Покупка (Buy): Когда осциллятор пересекает нулевую линию снизу вверх (переход из красной зоны в зелёную).
Продажа (Sell): Когда осциллятор пересекает нулевую линию сверху вниз (переход из зелёной зоны в красную).
Фильтрация сигналов
Используйте индикатор в сочетании с другими инструментами технического анализа (например, RSI, MACD или уровнями поддержки/сопротивления) для подтверждения сигналов.
Преимущества индикатора:
Адаптивность: Автоматическая настройка длины SMA под текущий таймфрейм делает индикатор универсальным.
Простота: Интуитивно понятная визуализация в виде гистограммы позволяет быстро оценить рыночную ситуацию.
Гибкость: Может использоваться на любых рынках (акции, форекс, криптовалюты) и таймфреймах.
Ограничения:
Запаздывание: Как и любой индикатор на основе SMA, он может запаздывать из-за использования средних значений.
Ложные сигналы: В условиях бокового движения (флэта) индикатор может генерировать ложные сигналы.
Управление рисками: Всегда устанавливайте стоп-лоссы и тейк-профиты, чтобы минимизировать потери.
Тестирование: Перед использованием на реальном счёте протестируйте индикатор на исторических данных.
Индикатор "SMA Trend Filter Oscillator (Adaptive)" — это мощный инструмент для трейдеров, которые хотят быстро оценить тренд и его силу. Его адаптивность и простота делают его подходящим как для начинающих, так и для опытных трейдеров
Advanced Session Profile Predictor with SR Boxes & ORAdvanced Session Profile Predictor with Momentum Arrows
Designed for intraday traders, this indicator analyzes price action across Asia, London, and New York sessions to predict market profiles and highlight key trading opportunities. By combining session-based profiling, Opening Range (OR) visualization, and momentum signals from Traders Dynamic Index (TDI), it offers a unique tool for anticipating trends, reversals, and breakouts. Ideal for forex, indices, and crypto on 15M–1H charts.
What Makes This Indicator Unique?
Unlike typical session indicators that only mark time zones or standard TDI scripts that focus on momentum, this tool:
Predicts market profiles (e.g., "Trend Continuation," "NY Manipulation") by analyzing session ranges and directional moves, offering actionable insights into how sessions interact.
Visualizes Opening Range (OR) boxes for the first 15 minutes of each session, helping traders spot early breakout levels.
Integrates TDI with momentum to generate precise bullish/bearish arrows, filtered by session context for improved reliability.
Simplifies decision-making with dynamic profile labels showing real-time long/short conditions based on price levels.
How Does It Work?
Session Tracking:
Asia (00:00–08:00 UTC, yellow), London (08:00–16:00 UTC, red), and New York (13:00–21:00 UTC, blue) sessions are highlighted with background colors and high/low lines (crosses).
OR boxes (first 15 minutes) are drawn for each session: yellow for Asia, red for London, blue for NY.
Profile Prediction:
Compares Asia and London session ranges and directions (e.g., trending if range > 1.5x 5-period SMA).
Examples:
Trend Continuation: Asia and London trend in the same direction—long above Asia high (uptrend) or short below Asia low (downtrend).
NY Manipulation: Asia trends, London consolidates—watch for NY breakouts at London high/low.
Displays the predicted profile and entry conditions in labels (e.g., "IF price hits 1.2000 LONG").
Momentum Arrows:
Uses TDI (RSI period 21, bands 34, fast MA 2) and 12-period momentum.
Green up arrow: Fast MA > upper band (>68) and momentum rising (bullish).
Red down arrow: Fast MA < lower band (<32) and momentum falling (bearish).
Support/Resistance (SR):
Plots dynamic SR boxes based on pivot highs/lows, filtered by volume (inspired by ChartPrime’s methodology, credited below).
How to Use It
Setup: Apply to a 15M–1H chart. Adjust time zone (default: UTC) and session times if needed. Customize TDI/momentum settings for sensitivity.
Trading:
Check the top-right labels for the current profile and entry conditions (e.g., "IF price hits LONG/SHORT").
Confirm entries with green up arrows (bullish) or red down arrows (bearish).
Use OR boxes and session high/low lines to identify breakout or reversal levels.
Example: In "NY Manipulation," wait for price to hit London high (long) or low (short) during NY session, confirmed by an arrow.
Best Markets: Forex (EUR/USD), indices (SPX500), crypto (BTC/USD) with sufficient intraday volatility.
Underlying Concepts
Session Profiling: Detects trends (range > SMA * threshold) and manipulation (e.g., London breaking Asia’s high/low) to predict NY behavior.
OR Boxes: Marks the first 15 minutes’ high/low as a breakout zone (time-based, 900,000 ms).
TDI + Momentum: Combines RSI-based bands with price change (close – close ) for momentum signals.
SR Boxes: Identifies pivots over a lookback period (default 20), scaled by ATR and filtered by volume thresholds.
Credits
The SR box logic is inspired by ChartPrime’s volume-filtered support/resistance methodology, adapted with custom breakout/hold detection. Original authors are credited for their foundational work.
Chart Setup
Displays session backgrounds, OR boxes, high/low lines, TDI arrows, and profile labels. Keep other indicators off for clarity.
PnL MonitorThe PnL Monitor is a customizable tool designed to help traders track the Profit and Loss (PnL) of up to 20 currency pairs or assets in real-time. This script provides a clear and organized table that displays the entry price, and PnL percentage for each pair, making it an essential tool for monitoring open positions or tracking potential trades.
Key Features:
Multi-Asset Tracking:
Monitor up to 20 currency pairs or assets simultaneously. Simply input the pair symbol and your entry price, and the script will calculate the PnL in real-time.
Dynamic Table Positioning:
Choose where the table appears on your chart with the Table Position input. Options include:
Top Left
Top Right
Bottom Left
Bottom Right
Real-Time PnL Calculation:
The script fetches the current price of each pair and calculates the PnL percentage based on your entry price. Positive PnL is highlighted in green, while negative PnL is highlighted in red.
Exchange and Pair Separation:
The script automatically separates the exchange name (if provided) from the pair symbol, making it easier to identify the source of the data.
Customizable Inputs:
Add or remove pairs as needed.
Leave the price field blank for pairs you don’t want to track.
How to Use:
Input Your Pairs:
In the script settings, input the symbol of the pair (e.g., NASDAQ:AAPL or BTCUSD) and your entry price. Leave the price field blank for pairs you don’t want to track.
Choose Table Position:
Select where you want the table to appear on your chart.
Monitor PnL:
The table will automatically update with the current price and PnL percentage for each pair.
Why Use This Script?
Efficiency: Track multiple pairs in one place without switching charts.
Clarity: Easily identify profitable and losing positions at a glance.
Flexibility: Customize the table to fit your trading style and preferences.
Ideal For:
Forex, crypto, and stock traders managing multiple positions.
MACD with Holt–Winters Smoothing [AIBitcoinTrend]👽 MACD with Holt–Winters Smoothing (AIBitcoinTrend)
The MACD with Holt–Winters Smoothing is an momentum indicator that enhances traditional MACD analysis by incorporating Holt–Winters exponential smoothing. This adaptation reduces lag while maintaining trend sensitivity, making it more effective for detecting trend reversals and sustained momentum shifts. Additionally, the indicator includes real-time divergence detection and an ATR-based trailing stop system, helping traders manage risk dynamically.
👽 What Makes the MACD with Holt–Winters Smoothing Unique?
Unlike the standard MACD, which relies on simple exponential moving averages, this version applies Holt–Winters smoothing to better capture trends while filtering out market noise. Combined with real-time divergence detection and a trailing stop system, this indicator allows traders to:
✅ Identify trend strength with a dynamically smoothed MACD signal.
✅ Detect bullish and bearish divergences in real time.
✅Implement Crossover/Crossunder signals tied to ATR-based trailing stops for risk management
👽 The Math Behind the Indicator
👾 Holt–Winters Smoothing for MACD
Traditional MACD calculations use exponential moving averages (EMA) to identify momentum. This indicator improves upon it by applying Holt’s linear trend equations, which enhance signal accuracy by reducing lag and smoothing out fluctuations.
Key Features:
Alpha (α) - Controls the weight of the new data in smoothing.
Beta (β) - Determines how fast the trend component adapts to new changes.
The Holt–Winters Signal Line provides a refined MACD crossover system for better trade execution.
👾 Real-Time Divergence Detection
The indicator identifies bullish and bearish divergences between MACD and price action.
Bullish Divergence: Occurs when price makes a lower low, but MACD makes a higher low – signaling potential upward momentum.
Bearish Divergence: Occurs when price makes a higher high, but MACD makes a lower high – signaling potential downward momentum.
👾 Dynamic ATR-Based Trailing Stop
The indicator includes a trailing stop system based on ATR (Average True Range). This allows traders to manage positions dynamically based on volatility.
Bullish Trailing Stop: Triggers when MACD crosses above the Holt–Winters signal, with a stop placed at low - (ATR × Multiplier).
Bearish Trailing Stop: Triggers when MACD crosses below the Holt–Winters signal, with a stop placed at high + (ATR × Multiplier).
Trailing Stop Adjustments: Expands or contracts dynamically with market conditions, reducing premature exits while securing profits.
👽 How Traders Can Use This Indicator
👾 Divergence Trading
Traders can use real-time divergence detection to anticipate trend reversals before they occur.
Bullish Divergence Setup:
Look for MACD making a higher low, while price makes a lower low.
Enter long when MACD confirms upward momentum.
Bearish Divergence Setup:
Look for MACD making a lower high, while price makes a higher high.
Enter short when MACD confirms downward momentum.
👾 Trailing Stop & Signal-Based Trading
Bullish Setup:
✅ MACD crosses above the Holt–Winters signal.
✅ A bullish trailing stop is placed using low - ATR × Multiplier.
✅ Exit if the price crosses below the stop.
Bearish Setup:
✅ MACD crosses below the Holt–Winters signal.
✅ A bearish trailing stop is placed using high + ATR × Multiplier.
✅ Exit if the price crosses above the stop.
This systematic trade management approach helps traders lock in profits while reducing drawdowns.
👽 Why It’s Useful for Traders
Lag Reduction: Holt–Winters smoothing ensures faster and more reliable trend detection.
Real-Time Divergence Alerts: Identify potential reversals before they happen.
Adaptive Risk Management: ATR-based trailing stops adjust to volatility dynamically.
Works Across Markets & Timeframes: Effective for stocks, forex, crypto, and futures trading.
👽 Indicator Settings
MACD Fast & Slow Lengths: Adjust the MACD short- and long-term EMA periods.
Holt–Winters Alpha & Beta: Fine-tune the smoothing sensitivity.
Enable Divergence Detection: Toggle real-time divergence analysis.
Lookback Period for Divergences: Configure how far back pivot points are detected.
ATR Multiplier for Trailing Stops: Adjust stop-loss sensitivity to market volatility.
Trend Filtering: Enable signal filtering based on trend direction.
Disclaimer: This indicator is designed for educational purposes and does not constitute financial advice. Please consult a qualified financial advisor before making investment decisions.
TEMA OBOS Strategy PakunTEMA OBOS Strategy
Overview
This strategy combines a trend-following approach using the Triple Exponential Moving Average (TEMA) with Overbought/Oversold (OBOS) indicator filtering.
By utilizing TEMA crossovers to determine trend direction and OBOS as a filter, it aims to improve entry precision.
This strategy can be applied to markets such as Forex, Stocks, and Crypto, and is particularly designed for mid-term timeframes (5-minute to 1-hour charts).
Strategy Objectives
Identify trend direction using TEMA
Use OBOS to filter out overbought/oversold conditions
Implement ATR-based dynamic risk management
Key Features
1. Trend Analysis Using TEMA
Uses crossover of short-term EMA (ema3) and long-term EMA (ema4) to determine entries.
ema4 acts as the primary trend filter.
2. Overbought/Oversold (OBOS) Filtering
Long Entry Condition: up > down (bullish trend confirmed)
Short Entry Condition: up < down (bearish trend confirmed)
Reduces unnecessary trades by filtering extreme market conditions.
3. ATR-Based Take Profit (TP) & Stop Loss (SL)
Adjustable ATR multiplier for TP/SL
Default settings:
TP = ATR × 5
SL = ATR × 2
Fully customizable risk parameters.
4. Customizable Parameters
TEMA Length (for trend calculation)
OBOS Length (for overbought/oversold detection)
Take Profit Multiplier
Stop Loss Multiplier
EMA Display (Enable/Disable TEMA lines)
Bar Color Change (Enable/Disable candle coloring)
Trading Rules
Long Entry (Buy Entry)
ema3 crosses above ema4 (Golden Cross)
OBOS indicator confirms up > down (bullish trend)
Execute a buy position
Short Entry (Sell Entry)
ema3 crosses below ema4 (Death Cross)
OBOS indicator confirms up < down (bearish trend)
Execute a sell position
Take Profit (TP)
Entry Price + (ATR × TP Multiplier) (Default: 5)
Stop Loss (SL)
Entry Price - (ATR × SL Multiplier) (Default: 2)
TP/SL settings are fully customizable to fine-tune risk management.
Risk Management Parameters
This strategy emphasizes proper position sizing and risk control to balance risk and return.
Trading Parameters & Considerations
Initial Account Balance: $7,000 (adjustable)
Base Currency: USD
Order Size: 10,000 USD
Pyramiding: 1
Trading Fees: $0.94 per trade
Long Position Margin: 50%
Short Position Margin: 50%
Total Trades (M5 Timeframe): 128
Deep Test Results (2024/11/01 - 2025/02/24)BTCUSD-5M
Total P&L：+1638.20USD
Max equity drawdown：694.78USD
Total trades：128
Profitable trades:44.53
Profit factor:1.45
These settings aim to protect capital while maintaining a balanced risk-reward approach.
Visual Support
TEMA Lines (Three EMAs)
Trend direction is indicated by color changes (Blue/Orange)
ema3 (short-term) and ema4 (long-term) crossover signals potential entries
OBOS Histogram
Green → Strong buying pressure
Red → Strong selling pressure
Blue → Possible trend reversal
Entry & Exit Markers
Blue Arrow → Long Entry Signal
Red Arrow → Short Entry Signal
Take Profit / Stop Loss levels displayed
Strategy Improvements & Uniqueness
This strategy is based on indicators developed by "l_lonthoff" and "jdmonto0", but has been significantly optimized for better entry accuracy, visual clarity, and risk management.
Enhanced Trend Identification with TEMA
Detects early trend reversals using ema3 & ema4 crossover
Reduces market noise for a smoother trend-following approach
Improved OBOS Filtering
Prevents excessive trading
Reduces unnecessary risk exposure
Dynamic Risk Management with ATR-Based TP/SL
Not a fixed value → TP/SL adjusts to market volatility
Fully customizable ATR multiplier settings
(Default: TP = ATR × 5, SL = ATR × 2)
Summary
The TEMA + OBOS Strategy is a simple yet powerful trading method that integrates trend analysis and oscillators.
TEMA for trend identification
OBOS for noise reduction & overbought/oversold filtering
ATR-based TP/SL settings for dynamic risk management
Before using this strategy, ensure thorough backtesting and demo trading to fine-tune parameters according to your trading style.
Adaptive RSI with Real-Time Divergence [AIBitcoinTrend]👽 Adaptive RSI Trailing Stop (AIBitcoinTrend)
The Adaptive RSI Trailing Stop is an indicator that integrates Gaussian-weighted RSI calculations with real-time divergence detection and a dynamic ATR-based trailing stop. This advanced approach allows traders to monitor momentum shifts, identify divergences early, and manage risk with adaptive trailing stop levels that adjust to price action.
👽 What Makes the Adaptive RSI with Signals and Trailing Stop Unique?
Unlike traditional RSI indicators, this version applies a Gaussian-weighted smoothing algorithm, making it more responsive to price action while reducing noise. Additionally, the trailing stop feature dynamically adjusts based on volatility and trend conditions, allowing traders to:
Detects real-time divergences (bullish/bearish) with a smart pivot-based system.
Filter noise with Gaussian weighting, ensuring smoother RSI transitions.
Utilize crossover-based trailing stop activation, for systematic trade management.
👽 The Math Behind the Indicator
👾 Gaussian Weighted RSI Calculation
Traditional RSI calculations rely on simple averages of gains and losses. Instead, this indicator weights recent price changes using a Gaussian distribution, prioritizing more relevant data points while maintaining smooth transitions.
Key Features:
Exponential decay ensures recent price changes are weighted more heavily.
Reduces short-term noise while maintaining responsiveness.
👾 Real-Time Divergence Detection
The indicator detects bullish and bearish divergences using pivot points on RSI compared to price action.
👾 Dynamic ATR-Based Trailing Stop
Bullish Trailing Stop: Activates when RSI crosses above 20 and dynamically adjusts based on low - ATR multiplier.
Bearish Trailing Stop: Activates when RSI crosses below 80 and adjusts based on high + ATR multiplier
This allows traders to:
Lock in profits systematically by adjusting stop-losses dynamically.
Stay in trades longer while maintaining adaptive risk management.
👽 How It Adapts to Market Movements
✔️ Gaussian Filtering ensures smooth RSI transitions while preventing excessive lag.
✔️ Real-Time Divergence Alerts provide early trade signals based on price-RSI discrepancies.
✔️ ATR Trailing Stop dynamically expands or contracts based on market volatility.
✔️ Crossover-Based Activation enables the stop-loss system only when RSI confirms a momentum shift.
👽 How Traders Can Use This Indicator
👾 Divergence Trading
Traders can use real-time divergence detection to anticipate reversals before they happen.
Bullish Divergence Setup:
Look for RSI making a higher low, while price makes a lower low.
Enter long when RSI confirms upward momentum.
Bearish Divergence Setup:
Look for RSI making a lower high, while price makes a higher high.
Enter short when RSI confirms downward momentum.
👾 Trailing Stop Signals
Bullish Signal and Trailing Stop Activation:
When RSI crosses above 20, a trailing stop is placed using low - ATR multiplier.
If price crosses below the stop, it exits the trade and removes the stop.
Bearish Signal and Trailing Stop Activation:
When RSI crosses below 80, a trailing stop is placed using high + ATR multiplier.
If price crosses above the stop, it exits the trade and removes the stop.
This makes trend-following strategies more efficient, while ensuring proper risk management.
👽 Why It’s Useful for Traders
✔️ Dynamic and Adaptive: Adjusts to changing market conditions automatically.
✔️ Noise Reduction: Gaussian-weighted RSI reduces short-term price distortions.
✔️ Comprehensive Strategy Tool: Combines momentum detection, divergence analysis, and automated risk management into a single indicator.
✔️ Works Across Markets & Timeframes: Suitable for stocks, forex, crypto, and futures trading.
👽 Indicator Settings
RSI Length: Defines the lookback period for RSI smoothing.
Gaussian Sigma: Controls how much weight is given to recent data points.
Enable Signal Line: Option to display an RSI-based moving average.
Divergence Lookback: Configures how far back pivot points are detected.
Crossover/crossunder values for signals: Set the crossover/crossunder values that triggers signals.
ATR Multiplier: Adjusts trailing stop sensitivity to market volatility.
Disclaimer: This indicator is designed for educational purposes and does not constitute financial advice. Please consult a qualified financial advisor before making investment decisions.
Ivan Gomes StrategyIG Signals+ - Ivan Gomes Strategy
This script is designed for scalping and binary options trading, generating buy and sell signals at the beginning of each candle. Although it is mainly optimized for short-term operations, it can also be used for medium and long-term strategies with appropriate adjustments.
How It Works
• The indicator provides buy or sell signals at the start of the candle, based on a statistical probability of candle patterns, depending on the timeframe.
• It is essential to enter the trade immediately after the signal appears and exit at the end of the same candle.
• If the first operation results in a loss (Loss), the script will send another trade signal at the start of the next candle. However, if the first trade results in a win (Gain), no new signal will be generated.
• The signals follow cycles of 3 candles, regardless of the timeframe. However, if a Doji candle appears, the cycle is interrupted, and no signals will be generated until the next valid cycle starts.
• The strategy consists of up to two trades per cycle: if the first trade is not successful, the second trade serves as an additional attempt to recover.
Key Points to Consider
1. Avoid trading in sideways markets – If price levels do not fluctuate significantly, the accuracy of the signals may decrease.
2. Trade in the direction of the trend – Using Ichimoku clouds or other trend indicators can help confirm trend direction and improve signal reliability. If the market is in an uptrend (bullish trend) and the indicator generates a sell signal, the most prudent decision would be to wait for a buy signal that aligns with the main trend. The same applies to downtrends, where buy signals may be riskier.
These decisions should be based on chart reading and supported by other technical analysis tools, such as support and resistance levels, which indicate zones where price might face obstacles or reverse direction. Additionally, Fibonacci retracement levels can help identify possible pullback points within a trend. Moving averages are also useful for visualizing the general market direction and confirming whether an indicator signal aligns with the overall price structure. Combining these tools can increase trade accuracy and prevent unnecessary trades against the main trend, reducing risks.
3. Works based on probability statistics – The algorithm analyzes candle formations and their statistical probabilities depending on the timeframe to optimize trade entries.
4. Best suited for scalping and binary options – This strategy performs best in 1-minute and 5-minute timeframes, allowing for multiple trades throughout the day.
Technical Details
• The script detects the candle cycle and assigns an index to each candle to identify patterns and possible reversals.
• It recognizes reference candles, stores their colors, and compares them with subsequent candles to determine if a signal should be triggered.
• Doji candle rules are implemented to avoid false signals in indecisive market conditions. When a Doji appears, the script does not generate signals for that cycle.
• The indicator displays visual alerts and notifications, ensuring fast execution of trades.
Disclaimer
The IG Signals+ indicator was created to assist traders who struggle to analyze the market by providing objective trade signals. However, no strategy is foolproof, and this script does not guarantee profits.
Trading involves significant financial risk, and users should test it in a demo account before trading with real money. Proper risk management is crucial for long-term success.
EMA 5 Alert Candle ShortThe 5 EMA (Exponential Moving Average) Strategy is a simple yet effective trading strategy that helps traders identify short-term trends and potential entry and exit points. This strategy is widely used in intraday and swing trading, particularly in forex, stocks, and crypto markets.
Components of the 5 EMA Strategy
5 EMA: A fast-moving average that reacts quickly to price movements.
15-minute or 1-hour timeframe (commonly used, but adaptable to other timeframes).
Candlestick Patterns: To confirm entry signals.
How the 5 EMA Strategy Works
Buy (Long) Setup:
Price Above the 5 EMA: The price should be trading above the 5 EMA.
Pullback to the 5 EMA: A minor retracement or consolidation near the 5 EMA.
Bullish Candlestick Confirmation: A bullish candle (e.g., engulfing or pin bar) forms near the 5 EMA.
Entry: Enter a long trade at the close of the bullish candle.
Stop Loss: Place below the recent swing low or 5-10 pips below the 5 EMA.
Take Profit: Aim for a risk-reward ratio of at least 1:2 or trail the stop using a higher EMA (e.g., 10 or 20 EMA).
Sell (Short) Setup:
Price Below the 5 EMA: The price should be trading below the 5 EMA.
Pullback to the 5 EMA: A small retracement towards the 5 EMA.
Bearish Candlestick Confirmation: A bearish candle (e.g., engulfing or pin bar) near the 5 EMA.
Entry: Enter a short trade at the close of the bearish candle.
Stop Loss: Place above the recent swing high or 5-10 pips above the 5 EMA.
Take Profit: Aim for a 1:2 risk-reward ratio or use a trailing stop.
Additional Filters for Better Accuracy
Higher Timeframe Confirmation: Check the trend on a higher timeframe (e.g., 1-hour or 4-hour).
Volume Confirmation: Enter trades when volume is increasing.
Avoid Sideways Market: Use the strategy only when the market is trending.
Advantages of the 5 EMA Strategy
✔️ Simple and easy to use.
✔️ Works well in trending markets.
✔️ Helps traders capture short-term momentum.
Disadvantages
❌ Less effective in choppy or sideways markets.
❌ Requires discipline in following stop-loss rules.
SuperTrend AI Oscillator StrategySuperTrend AI Oscillator Strategy
Overview
This strategy is a trend-following approach that combines the SuperTrend indicator with oscillator-based filtering.
By identifying market trends while utilizing oscillator-based momentum analysis, it aims to improve entry precision.
Additionally, it incorporates a trailing stop to strengthen risk management while maximizing profits.
This strategy can be applied to various markets, including Forex, Crypto, and Stocks, as well as different timeframes. However, its effectiveness varies depending on market conditions, so thorough testing is required.
Features
1️⃣ Trend Identification Using SuperTrend
The SuperTrend indicator (a volatility-adjusted trend indicator based on ATR) is used to determine trend direction.
A long entry is considered when SuperTrend turns bullish.
A short entry is considered when SuperTrend turns bearish.
The goal is to capture clear trend reversals and avoid unnecessary trades in ranging markets.
2️⃣ Entry Filtering with an Oscillator
The Super Oscillator is used to filter entry signals.
If the oscillator exceeds 50, it strengthens long entries (indicating strong bullish momentum).
If the oscillator drops below 50, it strengthens short entries (indicating strong bearish momentum).
This filter helps reduce trades in uncertain market conditions and improves entry accuracy.
3️⃣ Risk Management with a Trailing Stop
Instead of a fixed stop loss, a SuperTrend-based trailing stop is implemented.
The stop level adjusts automatically based on market volatility.
This allows profits to run while managing downside risk effectively.
4️⃣ Adjustable Risk-Reward Ratio
The default risk-reward ratio is set at 1:2.
Example: A 1% stop loss corresponds to a 2% take profit target.
The ratio can be customized according to the trader’s risk tolerance.
5️⃣ Clear Trade Signals & Visual Support
Green "BUY" labels indicate long entry signals.
Red "SELL" labels indicate short entry signals.
The Super Oscillator is plotted in a separate subwindow to visually assess trend strength.
A real-time trailing stop is displayed to support exit strategies.
These visual aids make it easier to identify entry and exit points.
Trading Parameters & Considerations
Initial Account Balance: Default is $7,000 (adjustable).
Base Currency: USD
Order Size: 10,000 USD
Pyramiding: 1
Trading Fees: $0.94 per trade
Long Position Margin: 50%
Short Position Margin: 50%
Total Trades (M5 Timeframe): 1,032
Visual Aids for Clarity
This strategy includes clear visual trade signals to enhance decision-making:
Green "BUY" labels for long entries
Red "SELL" labels for short entries
Super Oscillator plotted in a subwindow with a 50 midline
Dynamic trailing stop displayed for real-time trend tracking
These visual aids allow traders to quickly identify trade setups and manage positions with greater confidence.
Summary
The SuperTrend AI Oscillator Strategy is developed based on indicators from Black Cat and LuxAlgo.
By integrating high-precision trend analysis with AI-based oscillator filtering, it provides a strong risk-managed trading approach.
Important Notes
This strategy does not guarantee profits—performance varies based on market conditions.
Past performance does not guarantee future results. Markets are constantly changing.
Always test extensively with backtesting and demo trading before using it in live markets.
Risk management, position sizing, and market conditions should always be considered when trading.
Conclusion
This strategy combines trend analysis with momentum filtering, enhancing risk management in trading.
By following market trends carefully, making precise entries, and using trailing stops, it seeks to reduce risk while maximizing potential profits.
Before using this strategy, be sure to test it thoroughly via backtesting and demo trading, and adjust the settings to match your trading style.
Combined Sequences (Tribonacci, Tetranacci, Lucas)🎯 Combined Sequences (Tribonacci, Tetranacci, Lucas) Indicator 🎯
Unlock the power of advanced mathematical sequences in your trading strategy with the **Combined Sequences Indicator**! This tool integrates **Tribonacci**, **Tetranacci**, and **Lucas** levels to help you identify key support and resistance zones with precision. Whether you're a day trader, swing trader, or long-term investor, this indicator provides a unique perspective on price action by combining multiple sequence-based levels.
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### **Key Features:**
1. **Multiple Sequence Levels**:
- **Tribonacci Levels**: Based on the Tribonacci sequence, these levels are ideal for identifying dynamic support and resistance.
- **Tetranacci Levels**: A more advanced sequence that adds depth to your analysis.
- **Lucas Levels**: Derived from the Lucas sequence, these levels offer additional insights into market structure.
2. **Customizable Levels**:
- Choose the number of levels to display (up to 20).
- Toggle between **positive** and **negative** levels for each sequence.
3. **Flexible Price Source**:
- Select your preferred price type: **Open**, **High**, **Low**, **Close**, **HL2**, **HLC3**, or **HLCC4**.
4. **Customizable Line Styles**:
- Choose from **Solid**, **Dashed**, or **Dotted** lines.
- Adjust line width and extension type (**Left**, **Right**, or **Both**).
5. **Dynamic Labels**:
- Add labels to levels for better readability.
- Customize label position (**Left**, **Center**, or **Right**) and text size (**Normal**, **Small**, or **Tiny**).
6. **Timeframe Flexibility**:
- Works on any timeframe, from **1-minute** charts to **monthly** charts.
---
### **How It Works:**
- The indicator calculates **Tribonacci**, **Tetranacci**, and **Lucas** levels based on the selected price source and timeframe.
- These levels are plotted on the chart, providing clear visual cues for potential support and resistance zones.
- You can toggle each sequence on or off, allowing you to focus on the levels that matter most to your strategy.
---
### **Why Use This Indicator?**
- **Enhanced Market Analysis**: Combine multiple mathematical sequences to gain a deeper understanding of price action.
- **Customizable**: Tailor the indicator to your trading style with flexible settings.
- **User-Friendly**: Easy-to-use interface with clear visual outputs.
- **Versatile**: Suitable for all trading styles and instruments (stocks, forex, crypto, commodities, etc.).
---
### **How to Use:**
1. Add the indicator to your chart.
2. Configure the settings in the **Inputs** tab:
- Choose which sequences to display (Tribonacci, Tetranacci, Lucas).
- Adjust the number of levels, line styles, and label settings.
3. Use the levels to identify potential entry, exit, and stop-loss points.
---
### **Perfect For:**
- Traders looking for advanced support and resistance levels.
- Those who want to incorporate mathematical sequences into their analysis.
- Anyone seeking a customizable and versatile trading tool.
---
**🚀 Take Your Trading to the Next Level with Combined Sequences! 🚀**
---
### **Disclaimer**:
This indicator is a tool to assist in your trading decisions. It does not guarantee profits or predict market movements. Always use proper risk management and combine this tool with other analysis techniques.
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**📈 Ready to Elevate Your Trading? Add the Combined Sequences Indicator to Your Chart Today! 📉**
Trend Trading IndicatorTrend Trading Indicator – Pine Script v5
Overview
The Trend Trading Indicator is designed to help traders identify market trends quickly and effectively. It highlights uptrends and downtrends using Exponential Moving Averages (EMAs) and provides clear buy and sell signals. The indicator is especially useful for detecting insider movements, marketing-driven price pumps, and potential death spirals in crypto and stock markets.
Key Features
✅ Fast-acting trend detection based on EMAs
✅ Clear buy & sell signals marked in blue (BUY) and red (SELL)
✅ Trend zones visually highlighted:
Green for bullish trends (uptrend)
Red for bearish trends (downtrend)
✅ Bold and visible labels for buy and sell signals
✅ Protects against insider selling & marketing hype cycles
✅ Alerts for crossover events
How It Works
Exponential Moving Averages (EMAs)
Short EMA (default: 50-period) represents fast market movement.
Long EMA (default: 100-period) represents slower trends.
When short EMA crosses above long EMA, it signals a buy opportunity.
When short EMA crosses below long EMA, it signals a sell opportunity.
Trend Zones
The area between the two EMAs is color-filled for better trend visualization.
Green Fill: Indicates a bullish trend where short EMA is above long EMA.
Red Fill: Indicates a bearish trend where short EMA is below long EMA.
Buy & Sell Labels
Buy Signal: Blue label “BUY” appears below the candle.
Sell Signal: Red label “SELL” appears above the candle.
Text is in black & bold for better visibility.
Alerts
Custom alerts notify traders when buy or sell conditions occur.
How to Use
Works best in crypto, forex, and stock markets.
Can be used in trend-following or breakout strategies.
Best suited for medium to long-term trades (adjust EMA settings for scalping).
This Trend Trading Indicator helps traders stay ahead of the market by visually identifying strong trends while reducing risks from insider manipulation and death spirals. 🚀
[3Commas] HA & MAHA & MA
🔷What it does: This tool is designed to test a trend-following strategy using Heikin Ashi candles and moving averages. It enters trades after pullbacks, aiming to let profits run once the risk-to-reward ratio reaches 1:1 while securing the position.
🔷Who is it for: It is ideal for traders looking to compare final results using fixed versus dynamic take profits by adjusting parameters and trade direction—a concept applicable to most trading strategies.
🔷How does it work: We use moving averages to define the market trend, then wait for opposite Heikin Ashi candles to form against it. Once these candles reverse in favor of the trend, we enter the trade, using the last swing created by the pullback as the stop loss. By applying the breakeven ratio, we protect the trade and let it run, using the slower moving average as a trailing stop.
A buy signal is generated when:
The previous candle is bearish (ha_bear ), indicating a pullback.
The fast moving average (ma1) is above the slow moving average (ma2), confirming an uptrend.
The current candle is bullish (ha_bull), showing trend continuation.
The Heikin Ashi close is above the fast moving average (ma1), reinforcing the bullish bias.
The real price close is above the open (close > open), ensuring bullish momentum in actual price data.
The signal is confirmed on the closed candle (barstate.isconfirmed) to avoid premature signals.
dir is undefined (na(dir)), preventing repeated signals in the same direction.
A sell signal is generated when:
The previous candle is bullish (ha_bull ), indicating a temporary upward move before a potential reversal.
The fast moving average (ma1) is below the slow moving average (ma2), confirming a downtrend.
The current candle is bearish (ha_bear), showing trend continuation to the downside.
The Heikin Ashi close is below the fast moving average (ma1), reinforcing bearish pressure.
The real price close is below the open (close < open), confirming bearish momentum in actual price data.
The signal is confirmed after the candle closes (barstate.isconfirmed), avoiding premature entries.
dir is undefined (na(dir)), preventing consecutive signals in the same direction.
In simple terms, this setup looks for trend continuation after a pullback, confirming entries with both Heikin Ashi and real price action, supported by moving average alignment to avoid false signals.
If the price reaches a 1:1 risk-to-reward ratio, the stop will be moved to the entry point. However, if the slow moving average surpasses this level, it will become the new exit point, acting as a trailing stop
🔷Why It’s Unique
Easily visualizes the benefits of using risk-to-reward ratios when trading instead of fixed percentages.
Provides a simple and straightforward approach to trading, embracing the "keep it simple" concept.
Offers clear visualization of DCA Bot entry and exit points based on user preferences.
Includes an option to review the message format before sending signals to bots, with compatibility for multi-pair and futures contract pairs.
🔷 Considerations Before Using the Indicator
⚠️Very important: The indicator must be used on charts with real price data, such as Japanese candlesticks, line charts, etc. Do not use it on Heikin Ashi charts, as this may lead to unrealistic results.
🔸Since this is a trend-following strategy, use it on timeframes above 4 hours, where market noise is reduced and trends are clearer. Also, carefully review the statistics before using it, focusing on pairs that tend to have long periods of well-defined trends.
🔸Disadvantages:
False Signals in Ranges: Consolidating markets can generate unreliable signals.
Lagging Indicator: Being based on moving averages, it may react late to sudden price movements.
🔸Advantages:
Trend Focused: Simplifies the identification of trending markets.
Noise Reduction: Uses Heikin Ashi candles to identify trend continuation after pullbacks.
Broad Applicability: Suitable for forex, crypto, stocks, and commodities.
🔸The strategy provides a systematic way to analyze markets but does not guarantee successful outcomes. Use it as an additional tool rather than relying solely on an automated system.
Trading results depend on various factors, including market conditions, trader discipline, and risk management. Past performance does not ensure future success, so always approach the market cautiously.
🔸Risk Management: Define stop-loss levels, position sizes, and profit targets before entering any trade. Be prepared for potential losses and ensure your approach aligns with your overall trading plan.
🔷 STRATEGY PROPERTIES
Symbol: BINANCE:BTCUSDT (Spot).
Timeframe: 4h.
Test Period: All historical data available.
Initial Capital: 10000 USDT.
Order Size per Trade: 1% of Capital, you can use a higher value e.g. 5%, be cautious that the Max Drawdown does not exceed 10%, as it would indicate a very risky trading approach.
Commission: Binance commission 0.1%, adjust according to the exchange being used, lower numbers will generate unrealistic results. By using low values e.g. 5%, it allows us to adapt over time and check the functioning of the strategy.
Slippage: 5 ticks, for pairs with low liquidity or very large orders, this number should be increased as the order may not be filled at the desired level.
Margin for Long and Short Positions: 100%.
Indicator Settings: Default Configuration.
MA1 Length: 9.
MA2 Length: 18.
MA Calculations: EMA.
Take Profit Ratio: Disable. Ratio 1:4.
Breakeven Ratio: Enable, Ratio 1:1.
Strategy: Long & Short.
🔷 STRATEGY RESULTS
⚠️Remember, past results do not guarantee future performance.
Net Profit: +324.88 USDT (+3.25%).
Max Drawdown: -81.18 USDT (-0.78%).
Total Closed Trades: 672.
Percent Profitable: 35.57%.
Profit Factor: 1.347.
Average Trade: +0.48 USDT (+0.48%).
Average # Bars in Trades: 13.
🔷 HOW TO USE
🔸 Adjust Settings:
The default values—MA1 (9) and MA2 (18) with EMA calculation—generally work well. However, you can increase these values, such as 20 and 40, to better identify stronger trends.
🔸 Choose a Symbol that Typically Trends:
Select an asset that tends to form clear trends. Keep in mind that the Strategy Tester results may show poor performance for certain assets, making them less suitable for sending signals to bots.
🔸 Experiment with Ratios:
Test different take profit and breakeven ratios to compare various scenarios—especially to observe how the strategy performs when only the trade is protected.
🔸This is an example of how protecting the trade works: once the price moves in favor of the position with a 1:1 risk-to-reward ratio, the stop loss is moved to the entry price. If the Slow MA surpasses this level, it will act as a trailing stop, aiming to follow the trend and maximize potential gains.
🔸In contrast, in this example, for the same trade, if we set a take profit at a 1:3 risk-to-reward ratio—which is generally considered a good risk-reward relationship—we can see how a significant portion of the upward move is left on the table.
🔸Results Review:
It is important to check the Max Drawdown. This value should ideally not exceed 10% of your capital. Consider adjusting the trade size to ensure this threshold is not surpassed.
Remember to include the correct values for commission and slippage according to the symbol and exchange where you are conducting the tests. Otherwise, the results will not be realistic.
If you are satisfied with the results, you may consider automating your trades. However, it is strongly recommended to use a small amount of capital or a demo account to test proper execution before committing real funds.
🔸Create alerts to trigger the DCA Bot:
Verify Messages: Ensure the message matches the one specified by the DCA Bot.
Multi-Pair Configuration: For multi-pair setups, enable the option to add the symbol in the correct format.
Signal Settings: Enable whether you want to receive long or short signals (Entry | TP | SL), copy and paste the the messages for the DCA Bots configured.
Alert Setup:
When creating an alert, set the condition to the indicator and choose "alert() function call only.
Enter any desired Alert Name.
Open the Notifications tab, enable Webhook URL, and paste the Webhook URL.
For more details, refer to the section: "How to use TradingView Custom Signals".
Finalize Alerts: Click Create, you're done! Alerts will now be sent automatically in the correct format.
🔷 INDICATOR SETTINGS
MA 1: Fast MA Length
MA 2: Slow MA Length
MA Calc: MA's Calculations (SMA,EMA, RMA,WMA)
TP Ratio: This is the take profit ratio relative to the stop loss, where the trade will be closed in profit.
BE Ratio: This is the breakeven ratio relative to the stop loss, where the stop loss will be updated to breakeven or if the MA2 is greater than this level.
Strategy: Order Type direction in which trades are executed.
Use Custom Test Period: When enabled signals only works in the selected time window. If disabled it will use all historical data available on the chart.
Test Start and End: Once the Custom Test Period is enabled, here you select the start and end date that you want to analyze.
Check Messages: Enable the table to review the messages to be sent to the bot.
Entry | TP | SL: Enable this options to send Buy Entry, Take Profit (TP), and Stop Loss (SL) signals.
Deal Entry and Deal Exit : Copy and paste the message for the deal start signal and close order at Market Price of the DCA Bot. This is the message that will be sent with the alert to the Bot, you must verify that it is the same as the bot so that it can process properly so that it executes and starts the trade.
DCA Bot Multi-Pair: You must activate it if you want to use the signals in a DCA Bot Multi-pair in the text box you must enter (using the correct format) the symbol in which you are creating the alert, you can check the format of each symbol when you create the bot.
👨🏻💻💭 We hope this tool helps enhance your trading. Your feedback is invaluable, so feel free to share any suggestions for improvements or new features you'd like to see implemented.
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The information and publications within the 3Commas TradingView account are not meant to be and do not constitute financial, investment, trading, or other types of advice or recommendations supplied or endorsed by 3Commas and any of the parties acting on behalf of 3Commas, including its employees, contractors, ambassadors, etc.
Multi-Indicator Signals with Selectable Options by DiGetMulti-Indicator Signals with Selectable Options
Script Overview
This Pine Script is a multi-indicator trading strategy designed to generate buy/sell signals based on combinations of popular technical indicators: RSI (Relative Strength Index) , CCI (Commodity Channel Index) , and Stochastic Oscillator . The script allows you to select which combination of signals to display, making it highly customizable and adaptable to different trading styles.
The primary goal of this script is to provide clear and actionable entry/exit points by visualizing buy/sell signals with arrows , labels , and vertical lines directly on the chart. It also includes input validation, dynamic signal plotting, and clutter-free line management to ensure a clean and professional user experience.
Key Features
1. Customizable Signal Types
You can choose from five signal types:
RSI & CCI : Combines RSI and CCI signals for confirmation.
RSI & Stochastic : Combines RSI and Stochastic signals.
CCI & Stochastic : Combines CCI and Stochastic signals.
RSI & CCI & Stochastic : Requires all three indicators to align for a signal.
All Signals : Displays individual signals from each indicator separately.
This flexibility allows you to test and use the combination that works best for your trading strategy.
2. Clear Buy/Sell Indicators
Arrows : Buy signals are marked with upward arrows (green/lime/yellow) below the candles, while sell signals are marked with downward arrows (red/fuchsia/gray) above the candles.
Labels : Each signal is accompanied by a label ("BUY" or "SELL") near the arrow for clarity.
Vertical Lines : A vertical line is drawn at the exact bar where the signal occurs, extending from the low to the high of the candle. This ensures you can pinpoint the exact entry point without ambiguity.
3. Dynamic Overbought/Oversold Levels
You can customize the overbought and oversold levels for each indicator:
RSI: Default values are 70 (overbought) and 30 (oversold).
CCI: Default values are +100 (overbought) and -100 (oversold).
Stochastic: Default values are 80 (overbought) and 20 (oversold).
These levels can be adjusted to suit your trading preferences or market conditions.
4. Input Validation
The script includes built-in validation to ensure that oversold levels are always lower than overbought levels for each indicator. If the inputs are invalid, an error message will appear, preventing incorrect configurations.
5. Clean Chart Design
To avoid clutter, the script dynamically manages vertical lines:
Only the most recent 50 buy/sell lines are displayed. Older lines are automatically deleted to keep the chart clean.
Labels and arrows are placed strategically to avoid overlapping with candles.
6. ATR-Based Offset
The vertical lines and labels are offset using the Average True Range (ATR) to ensure they don’t overlap with the price action. This makes the signals easier to see, especially during volatile market conditions.
7. Scalable and Professional
The script uses arrays to manage multiple vertical lines, ensuring scalability and performance even when many signals are generated.
It adheres to Pine Script v6 standards, ensuring compatibility and reliability.
How It Works
Indicator Calculations :
The script calculates the values of RSI, CCI, and Stochastic Oscillator based on user-defined lengths and smoothing parameters.
It then checks for crossover/crossunder conditions relative to the overbought/oversold levels to generate individual signals.
Combined Signals :
Depending on the selected signal type, the script combines the individual signals logically:
For example, a "RSI & CCI" buy signal requires both RSI and CCI to cross into their respective oversold zones simultaneously.
Signal Plotting :
When a signal is generated, the script:
Plots an arrow (upward for buy, downward for sell) at the corresponding bar.
Adds a label ("BUY" or "SELL") near the arrow for clarity.
Draws a vertical line extending from the low to the high of the candle to mark the exact entry point.
Line Management :
To prevent clutter, the script stores up to 50 vertical lines in arrays (buy_lines and sell_lines). Older lines are automatically deleted when the limit is exceeded.
Why Use This Script?
Versatility : Whether you're a scalper, swing trader, or long-term investor, this script can be tailored to your needs by selecting the appropriate signal type and adjusting the indicator parameters.
Clarity : The combination of arrows, labels, and vertical lines ensures that signals are easy to spot and interpret, even in fast-moving markets.
Customization : With adjustable overbought/oversold levels and multiple signal options, you can fine-tune the script to match your trading strategy.
Professional Design : The script avoids clutter by limiting the number of lines displayed and using ATR-based offsets for better visibility.
How to Use This Script
Add the Script to Your Chart :
Copy and paste the script into the Pine Editor in TradingView.
Save and add it to your chart.
Select Signal Type :
Use the "Signal Type" dropdown menu to choose the combination of indicators you want to use.
Adjust Parameters :
Customize the lengths of RSI, CCI, and Stochastic, as well as their overbought/oversold levels, to match your trading preferences.
Interpret Signals :
Look for green arrows and "BUY" labels for buy signals, and red arrows and "SELL" labels for sell signals.
Vertical lines will help you identify the exact bar where the signal occurred.
Tips for Traders
Backtest Thoroughly : Before using this script in live trading, backtest it on historical data to ensure it aligns with your strategy.
Combine with Other Tools : While this script provides reliable signals, consider combining it with other tools like support/resistance levels or volume analysis for additional confirmation.
Avoid Overloading the Chart : If you notice too many signals, try tightening the overbought/oversold levels or switching to a combined signal type (e.g., "RSI & CCI & Stochastic") for fewer but higher-confidence signals.
Cluster Reversal Zones📌 Cluster Reversal Zones – Smart Market Turning Point Detector
📌 Category : Public (Restricted/Closed-Source) Indicator
📌 Designed for : Traders looking for high-accuracy reversal zones based on price clustering & liquidity shifts.
🔍 Overview
The Cluster Reversal Zones Indicator is an advanced market reversal detection tool that helps traders identify key turning points using a combination of price clustering, order flow analysis, and liquidity tracking. Instead of relying on static support and resistance levels, this tool dynamically adjusts to live market conditions, ensuring traders get the most accurate reversal signals possible.
📊 Core Features:
✅ Real-Time Reversal Zone Mapping – Detects high-probability market turning points using price clustering & order flow imbalance.
✅ Liquidity-Based Support/Resistance Detection – Identifies strong rejection zones based on real-time liquidity shifts.
✅ Order Flow Sensitivity for Smart Filtering – Filters out weak reversals by detecting real market participation behind price movements.
✅ Momentum Divergence for Confirmation – Aligns reversal zones with momentum divergences to increase accuracy.
✅ Adaptive Risk Management System – Adjusts risk parameters dynamically based on volatility and trend state.
🔒 Justification for Mashup
The Cluster Reversal Zones Indicator contains custom-built methodologies that extend beyond traditional support/resistance indicators:
✔ Smart Price Clustering Algorithm: Instead of plotting fixed support/resistance lines, this system analyzes historical price clustering to detect active reversal areas.
✔ Order Flow Delta & Liquidity Shift Sensitivity: The tool tracks real-time order flow data, identifying price zones with the highest accumulation or distribution levels.
✔ Momentum-Based Reversal Validation: Unlike traditional indicators, this tool requires a momentum shift confirmation before validating a potential reversal.
✔ Adaptive Reversal Filtering Mechanism: Uses a combination of historical confluence detection + live market validation to improve accuracy.
🛠️ How to Use:
• Works well for reversal traders, scalpers, and swing traders seeking precise turning points.
• Best combined with VWAP, Market Profile, and Delta Volume indicators for confirmation.
• Suitable for Forex, Indices, Commodities, Crypto, and Stock markets.
🚨 Important Note:
For educational & analytical purposes only.
Blockchain Fundamentals: Global LiquidityGlobal Liquidity Indicator Overview
This indicator provides a comprehensive technical analysis of liquidity trends by deriving a Global Liquidity metric from multiple data sources. It applies a suite of technical indicators directly on this liquidity measure, rather than on price data. When this metric is expanding Bitcoin and crypto tends to bullish conditions.
Features:
1. Global Liquidity Calculation
Data Integration: Combines multiple market data sources using a ratio-based formula to produce a unique liquidity measure.
Custom Metric: This liquidity metric serves as the foundational input for further technical analysis.
2. Timeframe Customization
User-Selected Period: Users can select the data timeframe (default is 2 months) to ensure consistency and flexibility in analysis.
3. Additional Technical Indicators
RSI, Momentum, ROC, MACD, and Stochastic:
Each indicator is computed using the Global Liquidity series rather than price.
User-selectable toggles allow for enabling or disabling each individual indicator as desired.
4. Enhanced MACD Visualization
Dynamic Histogram Coloring:
The MACD histogram color adjusts dynamically: brighter hues indicate rising histogram values while darker hues indicate falling values.
When the histogram is above zero, green is used; when below zero, red is applied, offering immediate visual insight into momentum shifts.
Conclusion
This indicator is an enlightening tool for understanding liquidity dynamics, aiding in macroeconomic analysis and investment decision-making by highlighting shifts in liquidity conditions and market momentum.
Fractal Trend Anticipator (FTA)How to Use FTA
Purpose:
FTA is designed to detect when a consolidating (or choppy) market—with a high choppiness index—is poised to break into a trend as indicated by an RSI crossover.
Signals:
Bullish Breakout: When the Choppiness Index is above your set threshold and the RSI crosses upward over 50, a bullish arrow (triangle up) appears below the bar.
Bearish Breakout: Conversely, when the RSI crosses downward from above 50 under high choppiness, a bearish arrow (triangle down) appears above the bar.
Trading Insight:
In crypto markets, when price is range-bound, a sudden release of momentum can be captured early by FTA. Use these signals as early alerts to join moves as they begin—whether you plan to ride a short-term spike or a medium-term trend.
Feel free to adjust the and parameters to suit your trading style and asset volatility. Enjoy trading with your updated Fractal Trend Anticipator!
Volatility-Adjusted Momentum Oscillator (VAMO)Concept & Rationale: This indicator combines momentum and volatility into one oscillator. The idea is that a price move accompanied by high volatility has greater significance. We use Rate of Change (ROC) for momentum and Average True Range (ATR) for volatility, multiplying them to gauge “volatility-weighted momentum.” This concept is inspired by the Weighted Momentum & Volatility Indicator, which multiplies normalized ROC and ATR values. The result is shown as a histogram oscillating around zero – rising green bars indicate bullish momentum, while falling red bars indicate bearish momentum. When the histogram crosses above or below zero, it provides clear buy/sell signals. Higher magnitude bars suggest a stronger trend move. Crypto markets often see volatility spikes preceding big moves, so VAMO aims to capture those moments when momentum and volatility align for a powerful breakout.
Key Features:
Momentum-Volatility Fusion: Measures momentum (price ROC) adjusted by volatility (ATR). Strong trends register prominently only when price change is significant and volatility is elevated.
Intuitive Histogram: Plotted as a color-coded histogram around a zero line – green bars above zero for bullish trends, red bars below zero for bearish. This makes it easy to visualize trend strength and direction at a glance.
Clear Signals: A cross above 0 signals a buy, and below 0 signals a sell. Traders can also watch for the histogram peaking and then shrinking as an early sign of a trend reversal (e.g. bars switching from growing to shrinking while still positive could mean bullish momentum is waning).
Optimized for Volatility: Because ATR is built-in, the oscillator naturally adapts to crypto volatility. In calm periods, signals will be smaller (reducing noise), whereas during volatile swings the indicator accentuates the move, helping predict big price swings.
Customization: The lookback period is adjustable. Shorter periods (e.g. 5-10) make it more sensitive for scalping, while longer periods (20+) smooth it out for swing trading.
How to Use: When VAMO bars turn green and push above zero, it indicates bullish momentum with strong volatility – a cue that price is likely to rally in the near term. Conversely, red bars below zero signal bearish pressure. For example, if a coin’s price has been flat and then VAMO spikes green above zero, it suggests an explosive upward move is brewing. Traders can enter on the zero-line cross (or on the first green bar) and consider exiting when the histogram peaks and starts shrinking (signaling momentum slowdown). In sideways markets, VAMO will hover near zero – staying out during those low-volatility periods helps avoid false signals. This indicator’s strength is catching the moment when a quiet market turns volatile in one direction, which often precedes the next few candlesticks of sustained movement.
Fixed Range LevelsThis indicator draws horizontal price levels on your chart based on a starting price and a range size that you define. It can also draw midpoint lines between the main levels if enabled.
Here's a breakdown of its functionality:
Key Features:
Starting Price:
You define a starting price (e.g., 21630).
The indicator calculates a corrected base price by rounding the starting price to the nearest multiple of the range size.
Range Size:
You define a range size (e.g., 71).
The indicator draws horizontal lines at intervals of the range size above and below the corrected base price.
Dual Ranges:
You can define two range sizes (e.g., 71 and 29).
The indicator can draw levels for both ranges simultaneously or individually, depending on your settings.
Midpoint Lines:
If enabled, the indicator draws midpoint lines between the main levels.
For example, if the main levels are at 21584 and 21655, the midpoint line will be at 21619.5.
Customizable Styles:
You can customize the line style (solid, dotted, dashed) and color for both the main levels and midpoint lines.
Dynamic Levels:
The levels are recalculated and redrawn dynamically based on the starting price and range size.
How It Works:
Corrected Base Price Calculation:
The indicator calculates the corrected base price using the formula:
pinescript
Copy
correctedBasePrice = math.floor(startingPrice / rangeSize) * rangeSize
For example, if startingPrice = 21630 and rangeSize = 71:
Copy
correctedBasePrice = math.floor(21630 / 71) * 71 = 304 * 71 = 21584
Drawing Levels:
The indicator draws horizontal lines at intervals of the range size above and below the corrected base price.
For example, if rangeSize = 71 and maxLevels = 5, the levels will be drawn at:
Copy
21584 - (5 * 71) = 21249
21584 - (4 * 71) = 21320
...
21584 + (5 * 71) = 21939
Midpoint Lines:
If enabled, the indicator draws midpoint lines between the main levels.
For example, if the main levels are at 21584 and 21655, the midpoint line will be at:
Copy
(21584 + 21655) / 2 = 21619.5
Dual Ranges:
If you enable both ranges, the indicator will draw levels for both range sizes simultaneously.
For example, if rangeSize1 = 71 and rangeSize2 = 29, the indicator will draw two sets of levels:
Levels at intervals of 71 (e.g., 21584, 21655, 21726, ...).
Levels at intervals of 29 (e.g., 21634, 21663, 21692, ...).
Example Use Case:
Imagine you're trading a stock or cryptocurrency, and you want to identify key support and resistance levels based on a specific price range. Here's how you can use this indicator:
Set the Starting Price:
For example, if the current price is 21630, you can set this as the starting price.
Define the Range Size:
If you believe the price moves in increments of 71, set rangeSize1 = 71.
If you also want to track smaller increments of 29, set rangeSize2 = 29.
Enable Midpoint Lines:
If you want to see the midpoint between the main levels, enable Show Midpoint Line.
Customize Line Styles:
Choose different colors and styles for the main levels and midpoint lines to make them visually distinct.
Analyze the Chart:
The indicator will draw horizontal lines at the specified intervals, helping you identify potential support, resistance, and midpoint levels.
Why Is This Useful?
Support and Resistance Levels:
The horizontal lines act as dynamic support and resistance levels based on the range size you define.
Price Targets:
You can use the levels to identify potential price targets or areas where the price might reverse.
Midpoint Analysis:
The midpoint lines can help you identify areas of consolidation or potential breakout points.
Flexibility:
You can customize the range sizes, colors, and styles to suit your trading strategy.
Summary:
This indicator is a powerful tool for traders who want to visualize price levels and midpoints based on a specific range size. It helps you identify key levels for support, resistance, and potential price targets, making it easier to plan your trades.
Volatility Momentum Breakout StrategyDescription:
Overview:
The Volatility Momentum Breakout Strategy is designed to capture significant price moves by combining a volatility breakout approach with trend and momentum filters. This strategy dynamically calculates breakout levels based on market volatility and uses these levels along with trend and momentum conditions to identify trade opportunities.
How It Works:
1. Volatility Breakout:
• Methodology:
The strategy computes the highest high and lowest low over a defined lookback period (excluding the current bar to avoid look-ahead bias). A multiple of the Average True Range (ATR) is then added to (or subtracted from) these levels to form dynamic breakout thresholds.
• Purpose:
This method helps capture significant price movements (breakouts) while ensuring that only past data is used, thereby maintaining realistic signal generation.
2. Trend Filtering:
• Methodology:
A short-term Exponential Moving Average (EMA) is applied to determine the prevailing trend.
• Purpose:
Long trades are considered only when the current price is above the EMA, indicating an uptrend, while short trades are taken only when the price is below the EMA, indicating a downtrend.
3. Momentum Confirmation:
• Methodology:
The Relative Strength Index (RSI) is used to gauge market momentum.
• Purpose:
For long entries, the RSI must be above a mid-level (e.g., above 50) to confirm upward momentum, and for short entries, it must be below a similar threshold. This helps filter out signals during overextended conditions.
Entry Conditions:
• Long Entry:
A long position is triggered when the current closing price exceeds the calculated long breakout level, the price is above the short-term EMA, and the RSI confirms momentum (e.g., above 50).
• Short Entry:
A short position is triggered when the closing price falls below the calculated short breakout level, the price is below the EMA, and the RSI confirms momentum (e.g., below 50).
Risk Management:
• Position Sizing:
Trades are sized to risk a fixed percentage of account equity (set here to 5% per trade in the code, with each trade’s stop loss defined so that risk is limited to approximately 2% of the entry price).
• Stop Loss & Take Profit:
A stop loss is placed a fixed ATR multiple away from the entry price, and a take profit target is set to achieve a 1:2 risk-reward ratio.
• Realistic Backtesting:
The strategy is backtested using an initial capital of $10,000, with a commission of 0.1% per trade and slippage of 1 tick per bar—parameters chosen to reflect conditions faced by the average trader.
Important Disclaimers:
• No Look-Ahead Bias:
All breakout levels are calculated using only past data (excluding the current bar) to ensure that the strategy does not “peek” into future data.
• Educational Purpose:
This strategy is experimental and provided solely for educational purposes. Past performance is not indicative of future results.
• User Responsibility:
Traders should thoroughly backtest and paper trade the strategy under various market conditions and adjust parameters to fit their own risk tolerance and trading style before live deployment.
Conclusion:
By integrating volatility-based breakout signals with trend and momentum filters, the Volatility Momentum Breakout Strategy offers a unique method to capture significant price moves in a disciplined manner. This publication provides a transparent explanation of the strategy’s components and realistic backtesting parameters, making it a useful tool for educational purposes and further customization by the TradingView community.
