Harmonic PatternsHello Traders,
This is Harmonic Pattern script . I made this script long time ago and now pubished it for the community. it can find & show following patterns:
- Gartley
- Butterfly
- Bat
- Alternate Bat
- Crab
- Deep Crab
- Shark
- Cypher
- Double Top
- Double Bottom
- ABCD
only ABCD patterns is not enabled by default, you can enable if you want.
The script has many features in it, so you have many options. lets see them
ZigZag Period : is the period for zig zag that is used to find harmonic patterns.
Error Rate % : the patterns may not be perfect and we need to use a threshold. with this option you can set error rate
Deep Search: if you enable this option then the script check combination with old zigzag points. an example is under the explanation part
Pattern Prediction : if you set this option then while price is moving the script checks the possible next patterns that can be possible (shows first possible one). an example is under the explanation part
Show ZigZag: you have option to see zigzag
Show Pattern Names: you have option to see Pattern names
Remove Old Pattern Names : old found patterns can stay on the chart or you have option to delete from the chart by this option
Show Harmonics: you have option to show patterns
Show Targets: you have option to see the target and stop-loss level by each harmonic
Show Statistics: you can see the statictics about harmonic patterns on current chart
Show Full Statistics: you can see the statictics about harmonic patterns on current chart in details
"Stop-loss ATR Len" and "Stop-loss ATR Mult" is used to calculate stop-loss levels
and many options for visualization and alerts...
The scripts works dynamically in real time, it means it may find different patterns on each candles. if it finds a new one in same direction then old one becomes invalid, you should check the last one.
Lets see some examples:
it changes the colors if price reached the target or stop-loss. blue => reached target, black => stop-loss, and if color was not changed it means it found another harmonic pattern.
if it finds a harmonic pattern then it show entrty level, cancelation level of the pattern, target 1 and target 2
and if price reaches entrty level then it shows targets and stop-loss levels
as written above, t has ability to predict patterns if you enable this option:
Deep search is used to find patterns by some old zigzag levels as seen in following screenshot:
it can show full statistics if you enable it in the options:
The source code is hidden but it's free script. so like it/favorite this script, apply it to your chart and start using it ;)
Special thanks to my friend @gornidah who helped while developing the script!
Enjoy!
ค้นหาในสคริปต์สำหรับ "the script"
Bull/Bear Probability [Anan]Hello Friends,,,
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This indicator is based on Bayes' Theorem and is fully based on probabilities.
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Formula For Bayes' Theorem:
P(Bull|Bear) = P(Bear∣Bull) * P(Bull) / P(Bear)
where:
Bull and Bear are events and P is probability
P(Bull|Bear) is the posterior probability, the probability of Bull after taking into account Bear
P(Bear∣Bull) is the conditional probability or likelihood, the degree of belief in Bear given that proposition of Bull belief (Bull true)
P(Bull) is the prior probability, the probability of Bull belief
P(Bear) is the prior probability, the probability of Bear belief
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The indicator output 2 trend lines and (Bull/Bear) Signal :
Bull/Bear Probability Trend :
when the price is above it = Up Trend
when the price is below it = Down Trend
Bull/Bear Probability Trend Moving Average :
when the price is above it = Up Trend
when the price is below it = Down Trend
(Bull/Bear) Signal :
when Probability Trend Moving Average crossover Probability Trend = Bull Signal
when Probability Trend Moving Average crossunder Probability Trend = Bear Signal
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Disclaimer:
This script is for informational and educational purposes only.
Use of the script does not constitutes professional and/or financial advice.
You alone the sole responsibility of evaluating the script output and risks associated with the use of the script.
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Thanks to my friends dgtrd because he inspired me about probability, take a look at his scripts.
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Funamental and financialsEarnings and Quarterly reporting and fundamental data at a glance.
A study of the financial data available by the "financial" functions in pinescript/tradingview
As far as I know, this script is unique. I found very few public examples of scripts using the fundamental data. and none that attempt to make the data available in a useful form
as an indicator / chart data. The only fitting category when publishing would be "trend analysis" We are going to look at the trend of the quarterly reports.
The intent is to create an indicator that instantly show the financial health of a company, and the trends in debt, cash and earnings
Normal settings displays all information on a per share basis, and should be viewed on a Daily chart
Percentage of market valuation can be used to compare fundamentals to current share price.
And actual to show the full numbers for verification with quarterly reporting and debuggging (actual is divided by 1.000.000 to keep numbers readable)
Credits to research study by Alex Orekhov (everget) for the Symbol Info Helper script
without it this would still be an unpublished mess, the use of textboxes allow me to remove many squiggly plot lines of fundamental data
Known problems and annoyances
1. Takes a long time to load. probably the amount of financial calls is the culprit. AFAIK not something i can to anything about in the script.
2. Textboxes crowd each other. dirty fix with hardcoded offsets. perhaps a few label offset options in the settings would do?
3. Only a faint idea of how to put text boxes on every quarter. Need time... (pun intended)
Have fun, and if you make significant improvements on this, please publish, or atleast leave a comment or message so I can consider adding it to this script.
© sjakk 2020-june-08
Trend & Contrarian (Expo)Trend & Contrarian (Expo) is a powerful trend tool with adaptive contrarian- signals. A strong trend is displayed by the background color and the unique Trend dots/line can be used to confirm a strong trend or to identify early trend reversals. The contrarian-signals are adapting dynamically to price moves and should be used as 'preparation' or 'warning' prior to trigger, should be confirmed by a trend reversals signal or by other indicators.
The contrarian signals should only be used if the user fully understands how they work, please test the feature before entering a trade based on it. However, these signals can be very valuable if used correctly.
Green background color ➞ Strong Positive Trend
Red background color ➞ Strong Negative Trend
No background color? ➞ No strong trend. The Trend Dots/line determine the trend
HOW TO USE
Identify strong trends
Identify trend reversals
Identify contrarian signals
INDICATOR IN ACTION
4-hour chart
I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!
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Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/strategies/ideas are only for educational purposes!
ACCESS THE INDICATOR
• Contact me on TradingView or use the links below
[BT] - ScalpMaster [ALERTS] v1Go easy on this script as it's my first, hopefully more to come!
ScalpMaster - V1
It's main feature is catch a bull run for volatile markets. Two main selling triggers (CCI and TSSL) with an option to only sell after fees are met (for profit).
Built in Statistics and Back-testing
I've introduced my own version of backtesting built into the main script. You can disable it if it's too much, just makes it easier to dial the settings in and compare with alert triggering. I've included this on all of my scripts.
***You will get a warning that this script repaints, however you can easily compare alerts against the labels. I'm not entirely sure, but I believe the repainting is due to the Global Stats Label at the end gets repainted to keep in the front. ***
Directions
Buy: When dialing in the script, watch the purple line above the source, when the current price crosses above this purple line then the buying trigger sets.
Sell: TSSL - Trailing Stop / Stop Limit, use available settings to manipulate behavior. It's meant to trail the bull run and sell once the price crosses the bottom tssl bar
Sell: CCI - Modify the FastMA and SlowMA settings
Sell: P+ - Above won't trigger until you are in the positive after the fees x2 are met. Great to keep your losses minimal. Combine this with a high Stop Loss for great results but might be waiting awhile for a profit.
Accumulation/Distribution Open Interest Money Flow Hi, this script is the version of Accumulation / Distribution Money Flow (ADMF) that uses Open Interes ts in the required markets instead of Volume.
Can be set from the menu. (Futures/Others)
NOTE: I only modified this script.
The original script belongs to cl8DH.
Original of the script:
I think it will make a difference in the future and commodity markets.
Since the system uses CFTC data, use only for 1W timeframe.
With my best regards..
EasyBee59 v3.0EasyBee59 v3.0 for TradingView does tedious CC59 counting in your investment chart for you automatically. It then print out positive or negative number on each price bar. A bar +1 and bar -1 is often followed by an uptrend and downtrend, respectively. It creates respectable support and resistance ( SNR ) levels based on CC59 counting results of -9 and +9. A pair of SMA lines with colors changing based on their trend are also generated. By default, a pair of Yellow-Green lines shows up at onset of an uptrend and those with Pink-Red at onset of a downtrend. In addition, it prints out reminders about important parameters that are happening so that you would not forget to consider them before placing trade orders. Smart phone and PC notifications of events occurring in the chart can be sent to you by server-side alerts so that you don't have to stay in front of the screen all the time.
Tools:
* Draw +9 SNR and -9 SNR (Orange and sky-blue support and resistance levels created at count +9 and -9).
* Draw a Fast SMA line (Increasing yellow / decreasing pink).
* Draw a Slow SMA line (Increasing green / decreasing red).
* Print CC59 numbers (Positive series from +1 to +21, negative series from -1 to -21).
* Print Yellow/Green and Pink/Red labels (YG for onset of an uptrend and PR for that of a downtrend).
* Use Max/Min Finder (Find price bars with max/min price among its nearest neighbours).
* Print K20% (Stochastic K value crossing 20%).
* Print K50% (Stochastic K value crossing 50%).
* Print K80% (Stochastic K value crossing 80%).
* Use Gap Finder (Find locations in chart where price bars are not touching or orverlapping).
* Use K-Max/K-Min Finder (Find local max/min points of stochastic14-1-3).
* Use CAH Finder (Find Close Above High where the bar close above the high of its previous bar).
* Use CBL Finder (Find Close Below Low where the bar close below the low of its previous bar).
* Forex: Draw -D High/Low levels (High and low price of the previous day).
* Forex: Draw D-Open level (Open price of today).
* Forex: Set mySession (in NY time) (Default from 8 pm to 2 am).
* Forex: Paint mySession (Brown background during mySession time interval).
* Server-side alerts (Notify you on smart phones and PCs of events occurring in the chart.
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The script EasyBee59 v3.0 for TradingView is locked and protected. Please send 100 USD to unlock and use this script (free future upgrades and online supports and tutorials). For more informaton please contact the author (DrGraph or Nimit Chomnawang, PhD) via TradingView private chat
or in the comment field below.
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How to install the script:
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*Go to the bottom of this page and click on "Add to Favorite Scripts".
*Remove older version of the script by clicking on the "X" button behind the indicator line at the top left corner of the chart window.
*Open a new chart at and click on the "Indicators" tab.
*Click on the "Favorites" tab and choose "EasyBee59 v3.0".
*Right click anywhere on the graph, choose "Color Theme", the select "Dark".
*Right click anywhere on the graph, choose "Settings".
*In "Symbol" tab, set "Precesion" to 1/100 for stock price or 1/100000 for forex and set "Time Zone" to your local time.
*In "Status line" tab, uncheck "Indicator Arguments" and "Indicator Values".
*In "Scales" tab, check "Indicator Last Value Label".
*In "Events" tab, check "Show Dividends on Chart", "Show Splits on Chart" and "Show Earnings on Chart".
*At the bottom of settings window, click on "Template", "Save As...", then name this theme of graph setting for future call up such as "DrGraph chart setting".
*Click OK.
In the free Basic TradingView subscription, you can add two more indicators to the chart. That means you may add Stoch and Vol indicators with same parameters as those setup in EasyBee59 to your graph. DrGraph regularly publishes his educational ideas on using features provided in EasyBee59 for profitable investments. You can follow him for how to use the tools in trading stocks, forex, and crypto currencies.
Bull Of Bitcoin MABullOfBitcoin MA
From studies conducted by Bull Of Bitcoin
Coding performed by GM_Hedge_Fund
The study is focused on the interactions of the candles with the 7 and 25 Moving Averages.
The script:
Plots 7 (grey), 25 (blue) and 99 (purple) MA on the chart in overlay
Signals a possible Long Entry when the 7MA crosses the 25MA
Signals a possible Short Sell when the second candle that closes under the 7MA
Signals a possible Short Sell (stronger than the previous one) when the first candle that closes under the 25 MA
Suggestions:
The script is meant to be displayed on a naked chart (no other indicators) with light background to facilitate the reading.
The script is complete with alarms and notifications that can be enabled with the button alarm on the right toolbar.
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If you enjoy please consider to support BullOfBitcoin by joining his Telegram, Twitter and Simon following on Twitter, TradingView and by sharing their script.
Twitter
@Bull0fBitcoin
@simonbakercryto
TradingView
@GM_Hedge_Fund
Bitcoin Pine Script - Tom Hall StrategyThe Bitcoin script is a combination of crucial indicators that align across multiple timeframes.
How To Apply The Script:
Apply the script to your chart by clicking the ( Add to Favourite Scripts )\u2028
BSO = Buy Stop Order
The BSO symbol will appear once a valid trade opportunity presents itself.\u2028
Once the BSO candle closes it will provide you the parameters for a Buy Stop Order.
Orange Horizontal Line = Buy Stop Order Entry
Green Horizontal Line = Take Profit
Red Horizontal Line = Stop Loss
Key Information:
(1) The BSO is valid for a period of 24 hours, should price not trigger a live position the BSO must be cancelled.
(2) The horizontal lines that track price action are only relevant once a BSO candle has closed.
Alert System:
The alert system allows you to receive SMS / Email notifications in addition to a screen notification providing you information a BSO is required.
How To Apply The Alert System:
(1) Windows Press ( ALT + A ) / MacBook Press ( Option + A )
(2) Adjust the condition section from BTCUSD to Tom Hall Strategy\u2028
(3) Two crucial boxes will appear, The Lowest EMA and Buy Stop Order.
(4) Click create, this will allow you to receive Email / SMS notifications once a valid trade opportunity is available.\u2028
Profitable Edge:
Data From: 31st March 2013
Positions Executed: 76
Profitable Trades: 52
Losing Traders: 24\u2028
Risk / Reward: 1:1
Strike Rate / Profitable Edge: 68.43%
2013: 80% Profitable ( 10 Positions )
2014: 60% Profitable ( 5 Positions )
2015: 75% Profitable ( 16 Positions )
2016: 45% Profitable ( 20 Positions )
2017: 82.61% Profitable ( 23 Positions )
Style / Inputs:
All visible parameters can be adjusted to individual taste and preference.
uranium V ☭Now everyone has free access to the script until February 18th.
This script FULLY automated to open a trade by many strategies and scripts:
*Bollinger Bands
*RSI
*Fibo levels 61.8, 78.6
*NEEW 10.0
*Zones of support from the timeframe m15 and 1h
*Candle patterns
This script combines 3 strategies for different open trade conditions (sometimes opens can be the same)
Signals of different colors:
+Pink arrows I recommend to use only at specified intervals (from 4 to 8 UTC, and from 13 to 18 UTC). Expiration should be 5 minutes.
+Green arrows can be used always, but greater efficiency will be at specified intervals. Expiration should be 3 minutes.
+Blue stripes are the strongest signal, they can always be used, but greater efficiency will be at the specified intervals. Expiration should be 5 minutes.
For best results, I recommend opening deals on the following criteria:
the indicator is superimposed on the timeframe m1 and EURUSD.
+Opening trade only at the specified time, when the blue signal and the pink or green signal coincide, or the blue signal is preceded by a pink signal,
open trade at the place of closing the candle of the blue signal.
+Avoid strong non-characteristic price impulses, as well as news outlets.
+Do not open a trade with a next pink signal bar when there is a strong pulse.
+Do not open a trade with a green signal following a pink or blue signal, if the green close lowest or bigest than pink or blue signal.
+Do not use martingale strategy on failure, wait for the next signal.
+Use money management
By adhering to these conditions.
Forex session - Opening Range- Jayy fixed updatedOpening Range (OR) for Forex 24 hour regular session. This is not for regular market day sessions addressed in a separate script.
This script fixes four issues:
syntax error when code compiles
messed up opening range the day after a holiday Monday
flaky plotting of the opening range and targets that required page reloading
TradingView problems with starting forex session at 1700 hours EST/EDT when using certain securities eg FX_IDC currently (Jan 2017)
Additions in his code are more options for trading range
Time compensation option for some securities that incorrectly start sessions at 1200 hrs instead of 1700 hrs NY time
- this glitch is likely temporary but present when this script update was created
More opening range time period choices
Opening Range Targets:
Opening Range Targets as per Leaf_West
Targets are set at 127% , 162%, 200 %, 262 %, 362%, 423%, 685%, 1109% and 1794% and this can be traded intraday using methods described here charts-by-leaf.com I also have some Leaf West PDFs that describe how the targets are set and how they are traded. There are others that use opening range.
The Time Session Glitch and the Fix:
The script will correctly default to 1700 hrs to 1700hrs EDT/EST session for FXCM.
Strangely some securities appear to erroneously start their session at 1200 hrs ie. My guess is that they are somehow tied to GMT+0 instead of New York time (GMT+5). See this for yourself by selecting EURUSD using the FXCM exchange (FX:EURUSD) and then EURUSD from the IDC exchange (FX_IDC:EURUSD). The FX-IDC session opening range starts 5 hours
before it actually should at 1700 hrs EDT/EST. To correct for this I have implemented an automatic fix (default) and a user selected "5 hour time shift adjust. ment needed on some securities".
There is also a 4 hour time shift button which might be necessary when New York reverts from Eastern Standard Time
to Eastern Daylight Time (1 hour difference) in March (and then back again in November). In the default auto adjust mode you will need to select the 1 hour time shift. That is if this glitch still exists at that time.
I have looked at other scripts, other than my own and where the script is available, that need to use information about the opening bar and all have the same time shift issue
What are the choices for Opening Range?
The dialogue box offers the standard TradingView options.
Also where you see Pick Opening Range 1 to 12 hours , SET TO 0 To USE LINE ABOVE TO DETERMINE OR LENGTH
As the note says a number other than 0 will override the standard options from the line above
The dialogue box below in offers choices by hours 1 to 12. A number greater than 12 will still only give
720 minutes (12 hours) for the length of Opening Range.
What sessions within the FOREX time-frame are available?
The default is 1700 hours to 1700 hours EST/EDT
Check any one (only one) of the time periods to change the opening range period to suit.
New York opens at 8:00 am to 5:00 pm EST (EDT)
Tokyo opens at 7:00 pm to 4:00 am EST (EDT)
Sydney opens at 5:00 pm to 2:00 am EST (EDT)
London opens at 3:00 am to 12:00 noon EST (EDT)
There is a build your own session (click the button to select)
The two lines for inputting session times are almost identical except that the second line starts the be the same as each other.
The default for the build your own session is 2200 hours to 2200 hours. As of the time of publishing this plots EURUSD FX-IDC just right. The GMT+5 and GMT+4 do not apply to this selection.
See my comments above on this strange aberration.
The script originated from work done by Chris Moody. It has changed significantly but there are remnants of that script lurking within.
Script is free to all - that way you can see what is inside
Cheers Jayy
BACKTEST SCRIPT 0.999 ALPHATRADINGVIEW BACKTEST SCRIPT by Lionshare (c) 2015
THS IS A REAL ALTERNATIVE FOR LONG AWAITED TV NATIVE BACKTEST ENGINE.
READY FOR USE JUST RIGHT NOW.
For user provided trading strategy, executes the trades on pricedata history and continues to make it over live datafeed.
Calculates and (plots on premise) the next performance statistics:
profit - i.e. gross profit/loss.
profit_max - maximum value of gross profit/loss.
profit_per_trade - each trade's profit/loss.
profit_per_stop_trade - profit/loss per "stop order" trade.
profit_stop - gross profit/loss caused by stop orders.
profit_stop_p - percentage of "stop orders" profit/loss in gross profit/loss.
security_if_bought_back - size of security portfolio if bought back.
trades_count_conseq_profit - consecutive gain from profitable series.
trades_count_conseq_profit_max - maxmimum gain from consecutive profitable series achieved.
trades_count_conseq_loss - same as for profit, but for loss.
trades_count_conseq_loss_max - same as for profit, but for loss.
trades_count_conseq_won - number of trades, that were won consecutively.
trades_count_conseq_won_max - maximum number of trades, won consecutively.
trades_count_conseq_lost - same as for won trades, but for lost.
trades_count_conseq_lost_max - same as for won trades, but for lost.
drawdown - difference between local equity highs and lows.
profit_factor - profit-t-loss ratio.
profit_factor_r - profit(without biggest winning trade)-to-loss ratio.
recovery_factor - equity-to-drawdown ratio.
expected_value - median gain value of all wins and loss.
zscore - shows how much your seriality of consecutive wins/loss diverges from the one of normal distributed process. valued in sigmas. zscore of +3 or -3 sigmas means nonrandom realitonship of wins series-to-loss series.
confidence_limit - the limit of confidence in zscore result. values under 0.95 are considered inconclusive.
sharpe - sharpe ratio - shows the level of strategy stability. basically it is how the profit/loss is deviated around the expected value.
sortino - the same as sharpe, but is calculated over the negative gains.
k - Kelly criterion value, means the percentage of your portfolio, you can trade the scripted strategy for optimal risk management.
k_margin - Kelly criterion recalculated to be meant as optimal margin value.
DISCLAIMER :
The SCRIPT is in ALPHA stage. So there could be some hidden bugs.
Though the basic functionality seems to work fine.
Initial documentation is not detailed. There could be english grammar mistakes also.
NOW Working hard on optimizing the script. Seems, some heavier strategies (especially those using the multiple SECURITY functions) call TV processing power limitation errors.
Docs are here:
docs.google.com
Multi-Timeframe SMTSummery
The Multi-Timeframe SMT indicator is designed to identify and visualize Higher Timeframe (HTF) data on a Lower Timeframe (LTF) chart, allowing traders to see the broader market context without changing their current chart's resolution. It accurately draws pivots and SMT divergences from higher timeframes on the corresponding candles of your current lower timeframe chart.
Its core features include:
Multi-Timeframe Analysis: Configure and monitor pivots on up to four independent timeframes, from intraday to monthly.
Customizable Pivot Detection: Define the strength of pivots by adjusting the number of bars to the left and right.
SMT Divergence: Automatically identifies bullish and bearish SMT divergences by comparing the price action of the main chart symbol with a chosen correlated asset.
Early SMT Detection: A unique feature that monitors a lower "detection timeframe" to provide early warnings of potential SMT setups before they're confirmed on the main timeframe. Note that this early detection is only shown on timeframes equal to or lower than the "Detection timeframe" you have set.
Visual Cues & Alerts: Clear on-chart labels, lines, and fully customizable alerts notify you of confirmed pivots and SMT divergences, ensuring you don't miss key opportunities.
Important Nuance Regarding Pivot Label Display
Due to a self-imposed limit within this script's drawing management logic, the indicator might quickly reach its drawing capacity if you enable pivot crosses for multiple timeframes simultaneously. When this internal drawing limit is exceeded, the script is designed to automatically remove the oldest drawings to make space for new ones.
Therefore, to ensure optimal performance and visibility of the most recent and relevant pivots, it's highly recommended to only enable the "Show Pivot Crosses" option for one timeframe at a time. If you wish to view pivots for a different timeframe, simply disable the pivot crosses for the currently active timeframe and then enable them for your desired one. This approach prevents the rapid cycling and disappearance of pivot labels, providing a clearer and more stable visual experience.
In-Depth Explanation of the Logic
This script is built on two primary concepts: pivot points and Smart Money Technique (SMT) divergence. It systematically collects historical data on multiple timeframes, identifies pivots, and then compares them between two assets to find divergences.
Pivot Point Identification
A pivot is a turning point in the market. A pivot high is a candle that has a higher high than the candles to its immediate left and right. Conversely, a pivot low is a candle with a lower low than its neighbors.
How it Works in the Script:
The script tracks the highest high and lowest low for each period of the selected timeframe (e.g., for each 4-hour candle). When a new high-timeframe candle closes, it stores that high/low value and its bar index in an array. The checkForPivot() function then checks if a recently stored high or low qualifies as a pivot.
Key Inputs:
Left Strength (leftBars1): The number of candles to the left that must have a lower high (for a pivot high) or higher low (for a pivot low).
Right Strength (rightBars1): The number of candles to the right that must meet the same criteria.
For example, with Left Strength and Right Strength both set to 3, a pivot high is only confirmed when its high is greater than the highs of the 3 previous high-timeframe candles and the 3 subsequent high-timeframe candles. Increasing these values will identify more significant, longer-term pivots.
Smart Money Technique (SMT) Divergence
SMT Divergence is a concept popularized by The Inner Circle Trader (ICT). It occurs when two closely correlated assets fail to move in sync. For instance, if Asset A makes a higher high but Asset B fails to do so and instead makes a lower high, this creates a bearish SMT divergence. It suggests that the "smart money" may not be supporting the move in Asset A, signaling a potential reversal.
Bearish SMT: Main asset makes a higher high, while the correlated asset makes a lower high. This is a potential sell signal.
Bullish SMT: Main asset makes a lower low, while the correlated asset makes a higher low. This is a potential buy signal.
How it Works in the Script:
Data Request: For each timeframe, the script uses the request.security() function to fetch the high and low data for both the main chart symbol (syminfo.tickerid) and the chosen Comparison Asset.
Pivot Comparison: When a new pivot is confirmed on the main asset, the script checks if a corresponding pivot also formed on the comparison asset at the same time.
Divergence Check: It then compares the direction of the pivots. For a bearish SMT, it checks if the main asset's new pivot high is higher than its previous pivot high, while the comparison asset's new pivot high is lower than its previous one. The logic is reversed for bullish SMT.
Visualization: If a divergence is found, the script draws a red (bearish) or green (bullish) line connecting the two pivots on your chart and places an "SMT" label.
Early SMT Detection
This is a proactive feature designed to give you a heads-up. Waiting for a 4-hour or daily pivot to form can take a long time. The early detection system looks for SMT divergences on a much smaller, user-defined Detection timeframe (e.g., 15-minute).
How it Works in the Script:
Awaiting Setup: After a primary pivot (Pivot A) is formed on the main timeframe (e.g., a Daily pivot high), the script begins monitoring.
Intraday Monitoring: It then watches the Detection timeframe (e.g., 15-minute) for smaller intraday pivots.
Potential Divergence: It looks for an intraday pivot that forms a divergence against the primary Pivot A.
Watchline & Alert: When this "potential" divergence occurs, the script draws a dashed white line and triggers a "Potential SMT" alert. This isn't a confirmed SMT on the main timeframe yet, but it's a powerful early warning that one may be forming.
Drawing & Object Management
To keep the chart clean and prevent performance issues, the script manages its drawings (lines and labels) efficiently. It stores them in arrays and uses a drawing limit to automatically delete the oldest drawings as new ones are created, ensuring your TradingView remains responsive.
How to Use the Indicator
Configuration
Enable Timeframes: Use the checkboxes (Enable Timeframe 1, Enable Timeframe 2, etc.) to activate the timeframes you want to monitor. It's often best to start with one or two to keep the chart clean.
Select Timeframes: Choose the higher timeframes you want to analyze (e.g., 240 for 4-hour, D for Daily, W for Weekly).
Set Pivot Strength: The default of 3 for Left/Right strength is a good starting point. Increase it to find more significant market structure points or decrease it for more frequent, shorter-term pivots.
Configure SMT:
Check Enable SMT for the timeframes where you want to detect divergence.
Enter a Comparison Asset . This is crucial. Ensure the assets are correlated.
To use the early warning system, check Enable early SMT detection and select an appropriate Detection timeframe (e.g., 15 or 60 minutes for a Daily analysis).
Divergence Toolkit (Real-Time)The Divergence Toolkit is designed to automatically detect divergences between the price of an underlying asset and any other @TradingView built-in or community-built indicator or script. This algorithm provides a comprehensive solution for identifying both regular and hidden divergences, empowering traders with valuable insights into potential trend reversals.
🔲 Methodology
Divergences occur when there is a disagreement between the price action of an asset and the corresponding indicator. Let's review the conditions for regular and hidden divergences.
Regular divergences indicate a potential reversal in the current trend.
Regular Bullish Divergence
Price Action - Forms a lower low.
Indicator - Forms a higher low.
Interpretation - Suggests that while the price is making new lows, the indicator is showing increasing strength, signaling a potential upward reversal.
Regular Bearish Divergence
Price Action - Forms a higher high.
Indicator - Forms a lower high.
Interpretation - Indicates that despite the price making new highs, the indicator is weakening, hinting at a potential downward reversal.
Hidden divergences indicate a potential continuation of the existing trend.
Hidden Bullish Divergence
Price Action - Forms a higher low.
Indicator - Forms a lower low.
Interpretation - Suggests that even though the price is retracing, the indicator shows increasing strength, indicating a potential continuation of the upward trend.
Hidden Bearish Divergence
Price Action - Forms a lower high.
Indicator - Forms a higher high.
Interpretation - Indicates that despite a retracement in price, the indicator is still strong, signaling a potential continuation of the downward trend.
In both regular and hidden divergences, the key is to observe the relationship between the price action and the indicator. Divergences can provide valuable insights into potential trend reversals or continuations.
The methodology employed in this script involves the detection of divergences through conditional price levels rather than relying on detected pivots. Traditionally, divergences are created by identifying pivots in both the underlying asset and the oscillator. However, this script employs a trailing stop on the oscillator to detect potential swings, providing a real-time approach to identifying divergences, you may find more info about it here (SuperTrend Toolkit) . We detect swings or pivots simply by testing for crosses between the indicator and its trailing stop.
type oscillator
float o = Oscillator Value
float s = Trailing Stop Value
oscillator osc = oscillator.new()
bool l = ta.crossunder(osc.o, osc.s) => Utilized as a formed high
bool h = ta.crossover (osc.o, osc.s) => Utilized as a formed low
// Note: these conditions alone could cause repainting when they are met but canceled at a later time before the bar closes. Hence, we wait for a confirmed bar.
// The script also includes the option to immediately alert when the conditions are met, if you choose so.
By testing for conditional price levels, the script achieves similar outcomes without the delays associated with pivot-based methods.
type bar
float o = open
float h = high
float l = low
float c = close
bar b = bar.new()
bool hi = b.h < b.h => A higher price level has been created
bool lo = b.l > b.l => A lower price level has been created
// Note: These conditions do not check for certain price swings hence they may seldom result in inaccurate detection.
🔲 Setup Guide
A simple example on one of my public scripts, Standardized MACD
🔲 Utility
We may auto-detect divergences to spot trend reversals & continuations.
🔲 Settings
Source - Choose an oscillator source of which to base the Toolkit on.
Zeroing - The Mid-Line value of the oscillator, for example RSI & MFI use 50.
Sensitivity - Calibrates the sensitivity of which Divergencies are detected, higher values result in more detections but less accuracy.
Lifetime - Maximum timespan to detect a Divergence.
Repaint - Switched on, the script will trigger Divergencies as they happen in Real-Time, could cause repainting when the conditions are met but canceled at a later time before bar closes.
🔲 Alerts
Bearish Divergence
Bullish Divergence
Bearish Hidden Divergence
Bullish Hidden Divergence
As well as the option to trigger 'any alert' call.
The Divergence Toolkit provides traders with a dynamic tool for spotting potential trend reversals and continuations. Its innovative approach to real-time divergence detection enhances the timeliness of identifying market opportunities.
[ChasinAlts] SuppRe-me ZonesHello fellow tradeurs, I couldn't find one similar on TV so wanted to make it.. Took me a little while to figure some things out as I am in new coding territory with this script. I had a hard time finding ways to make only a partial zone/box disappear if price only crossed part of it. Nonetheless, I figured it out so I hope you enjoy the outcome. Now, allow me to take a second to first explain the utility that is this script...or at least expose my reasoning when I decided to go ahead with this little project and take the precious time necessary to learn parts of pine that I did not previously know how to deal with. Ultimately, I built this for the 1s-15s TF(except for the "Consecutive Bars/Large Bars" Boxes...Those were meant to use on both these second TFs and Higher TFs.... ). The reasoning behind all of this was to give me a more definitive answer to all of my questions regarding the speed at which it would take price to revisit areas that it very abruptly went to/left on a VERY short TF (like the 1sec charts)...or even if it EVER would). To determine this I wanted to draw lines starting at the end of large wicks, draw boxes spanning the entire span of large wicks, and lastly to draw boxes spanning the entire span of very large bodies. For this last one, not only did I want to draw a box on a single candle that possessed a large body but also if there were consecutive red candles in a row, their bodies could be summed up and if this summation exceeds the minimum body % threshold then it too counts just like a single large candled body would if it was larger than the threshold. All in all I really enjoyed this script and most importantly the data that it produces. What I found after coding the script was that (again on the 1 sec- 15 sec charts) was that price very quickly (relatively speaking I suppose) came back over these box/zoned areas and that the lines drawn from the tip of the large wicks would at some point in the near future act as very good support and resistance for price to either bounce off of or breakout from.
Now, with each of these objects you can choose to delete them when price crosses the object or have them continuously drawn on the chart...your call...but it gets awful messy sometimes if you let them continue printing.
Peace and love people...peace and love,
-ChasinAlts
MTFT Last HML wOpen, TheStrat Suite (3of5)Multi Time Frame Tools
Multi Time Frame Tools (MTFT) is a suite of scripts aimed to establish a standard timeframe-based color scheme. This can be utilized to overlay different timeframes calculations/values over a single timeframe. As one example, this would allow to observe the 5-month moving average, 5-week moving average, and 5-day moving average overlaid over each other. This would allow to study a chart, get accustomed to the color scheme and study all these at the same time much easier.
All indicators calculated using the below specific timeframes as input, will always use the color scheme outlined below. This is to get you in habit of recognizing the different timeframes overlaid in top of each other. These can be personalized.
Longer TF analysis.
Yearly - Black
Semi-Annual - Yellow
Quarterly - White
Monthly - Maroon
Weekly - Royal Blue
Daily - Lime
Shorter TF analysis.
4 hour - Fuchsia
1 hour - Orange
30 min - Red
15 min - Brown
10 min - Purple
5 min - Lilac
All color coordination is able to be modified in either the “Inputs” or “Style” section. If you need to make changes, make sure to select “Save as Default” on the bottom right of the settings menu.
Recommended Chart Color Layout
I played around with color coordination a lot. The final product was what worked best for me. I personally use the following chart settings to accent all available TF colors.
-> Click on the settings wheel on your chart. -> Click on “Appearance”.
Background - Solid -> On the top row pick the 6th color from the left.
Vert Grid Lines and Horz Grid Lines -> On the top row pick the 7th color from the left.
You may of course change these and the indicator line colors as you like.
Adding indicator to Chart
-> Open the TradingView “Indicators & Strategies” library, the icon has “ƒx”. -> All premium scripts will be located under “Invite-Only Scripts” -> Click indicator to add to your chart.
MTFT TheStrat Suite (5 Scripts)
Rob Smith is the creator of ‘TheStrat’ trading strategy. For ‘TheStrat’ I have put together a suite of 5 premium scripts that combined will offer people interested in learning ‘TheStrat’ a cleaner learning process. For 2 of the 5 scripts specifically, the MTFT approach of overlaying multiple longer timeframes(TF) over a shorter TF selected as a display cannot be utilized. The other 2 scripts will have full MTFT functionality and they are my personal favorite. I will be providing very basic info to utilize this script; it is up to you to dive deep into learning this strategy. I am not an expert with the tool or a financial advisor. As with all aspects of life, I recommend you research, learn, discern and practice extensively in order to become a master.
1. MTFT Patterns Pro/Noob
2. MTFT Full Time Frame Continuity Table
*3. MTFT Last HML wOpen
4. MTFT Actionable Signal Targets
5. MTFT Reversal Lines
MTFT Last HML wOpen, TheStrat Suite (3of5)
Plots previous High, Mean(50% line), and Low of the previous candlestick and the open for the active TF. This allows you to see how TheStrat Absolute Truths move within the different timeframes. In the image below you see the monthly TF selected. Price on the monthly candlestick has created several reversals up and down.
Now Utilizing this tool, you get to see how priced moved on the daily TF with the previous monthly HML lines plotted(Maroon lines) over the active month so you can see exactly how the absolute truths occur inside each month. Notice the previous High/Low are a thicker width then the Mean, this outlines more clearly which of the lines you are looking at. I’ve included some comments on basic observations.
Now for contrast, below I show you the daily TF selected with the previous quarter HML lines plotted(White lines) over the active quarter.
Script Features includes:
1. Three Timeframes per script instance. Example below shows 3 timeframes in use, Yearly(Black Lines), Quarterly( White Lines), and Monthly (Maroon Lines) on the weekly timeframe candlestick. This is where using a timeframe-based color scheme per individual timeframe will come in very handy. The open of the active timeframe is displayed using the small circles that make a line. The displayed open feature is another way to track full time frame continuity if you are tracking the open of several timeframes. The open of the active timeframe is displayed using the small circles that make a line.
2. 20 different TF to pick from per slot. Timeframes(TF) include: Yearly(Y), Semi-annually(S), Quarterly(Q), Monthly(M), 2-Week(2W), Weekly(W), 3-Day(3D), Daily(D), 12 hour, 8 hour, 6 hour, 4 hour, 3 hour, 2 hour, 1 hour, 30 min, 15 min, 10 min, 5 min. Notice: 2W, 3D, 2D, 12h, 8h, 6h, 3h, and 2h don’t have a supported color scheme as I do not personally use them. They are available to pick from in the timeframe selection and you can set a color for these timeframes under the “Unsupported Color Scheme” section in the settings menu for the script if you would like to use them.
3. Enable/Disable High, Mean, Low or Open on any of the timeframe slots. Custom selection of plots will create clarity in observing timeframe-based analysis. Example below shows the Yearly Open enabled on a Monthly timeframe candlestick selected, along with the 6-month HML lines(This is similar to the quarter, the semi-annual)it shows how the start of the year gave a clear direction several times in the past few years for BTC/USD. A similar analysis can be done across multiple settings. TheStrat Actionable Signals paired with ideas like these can be great setups.
4. Auto-hide timeframes based on specific timeframes selected. For this script, I look for HML lines to have at least 4 total candlesticks within the selected TF. I disable any setting that has 3 or less candlesticks. This applies to all timeframes. This will allow for you to leave several instances of the script in your chart and zoom in and out to see macro/micro levels of a chart. The example below has 2 different instances of the script enabled, first instance (Y, Q, M), and second instance (W, D, 4h). with the Month candlestick selected. Notice how only the Year HML plots are displayed. All other lower timeframes are hidden, this will allow for an easy transition into a lower timeframe analysis.
Same example as above, but now with the Weekly timeframe candlestick selected. Notice that without changing any settings on the scripts the Quarterly (White) and Monthly (Maroon) are now visible.
One more time, this time with the 30m candlestick timeframe selected. Notice that without changing any settings on the scripts the Day(Green) and the 4 hour(Pink) plots appear.
5. Custom Width Selection in script settings per plot type, High, Mean, Low and Open.
IMPORTANT NOTE for TradingView Admin: One of the lessons I would consider most important in attaining clarity regarding trading, is “TheStrat” by Rob Smith. His lesson on “actionable signals” is something that can be applied to any strategy. For this reason, I am including “MTFT TheStrat Patterns Pro” script in all images that will depict confluence for a better trade selection.
Example using TheStrat Pro MTFT with this indicator.
Look for a “TheStrat actionable signal” or a “TheStrat Reversal signal” on a smaller timeframe that has an instance of this indicator on a larger timeframe calculation that is in range of the candlestick that formed your actionable signal. This means that the indicators plot you are observing must be above the low and below the high of the candlestick that is the actionable signal/reversal signal. Image below shows what this would look like with this indicator.
The Image below shows what this would look like with this indicator. The selected timeframe is the Daily, it shows an ‘H’ char below which is an indication of a Hammer Actionable signal and the low from last week is in range showing some potential support. This actionable signal is meant to be played for LONGS. If the high is breached than you would enter a LONG position. For targets you would look at the previous pivots, for this example all targets were hit. This won’t always play out so nice and clean, but given that there is so many stocks and so many signals this is just a thought to improve the quality of the signal as it has extra confluence.
Portfolio Laboratory [Kioseff Trading]Hello!
This script looks to experiment with historical portfolio performance. However, a hypothetical cash balance is not used; weighted percentage increases and decreases are used.
You can select up to 10 assets to include in the portfolio. Long and short positions are possible.
Show in the image are the portfolio's weight, the total return of the portfolio and the total return of the asset on the chart over the selected timeframe.
Shown in the image above are the constituents of the portfolio, which can include any asset, the weighted percentage gain/loss of the constituents in addition to 10 major indices and their respective total percentage gain/loss over the timeframe.
Shown in the image above are the dividend yield % of the portfolio and relevant portfolio metrics - ex-post calculations are applied and are predicated on simple returns.
Shown in the image above is a portfolio of all short positions; portfolio calculations adjusted to the modifications.
Also shown is a change in the index the portfolio is calculated against. I have been asked a few times to include NIFTY 50 in my scripts - I made sure this was achieved, lol!
Show in the image is a performance line of performance of percentage increases/decreases for the index calculated against, the asset on the chart, and the portfolio.
All lines start simultaneously on the selected start date at the close price of the session for the asset on your chart.
However, the right-hand scale, whether displaying price or percent, cannot be used to assess the performance of each line - they are useful for visualization only and can extend below zero on a low-priced asset. Calculations will not execute correctly when selecting a start date prior to any asset in the portfolio's first trading session; calculations do not begin on the first bar of the asset on your chart.
I decided to code the script this way so statistics remain fixed when moving from asset to asset!
To compensate for this limitation, I included a label plot and background color change at the first session in which all assets in the portfolio had at least one bar of price data. You can adjust the calculation start date to the date portrayed on the label to test al possible price data!
The statistics table, and the performance lines, can be hidden in the user input section.
I plan on putting a bit more work into this script. I have some ideas on what to include; however, any input is greatly appreciated! If there's something you would like me to include please let me know.
@scheplick mentioned me in a script he recently coded:
My inspiration came from his script! I thank him for that!
Volume Profile From Date For All AccountsVolume Profile From Date For All Accounts is displaying volume from price perspective. It’s done by summing volume by the “estimated” transaction price. This version is estimating it based on public volume data so it can be used with any account.
Volume Profile is a powerful tool commonly used by PRO users, to disseminate its use also by users who operate on basic volume data, we have prepared a set of scripts:
Volume Profile For All Accounts – Analyze last 50-20000 bars.
Volume Profile From Date For All Accounts – Analyze all bars since start date.
Volume Profile Range For All Accounts – Analyze bars in a range between start and end date.
Traiding View is supporting paid users with Volume Profile on extended volume dataset. We recommend to use it, because of access to more precise data.
Settings:
SCANNER VISUALIZATION
Start date – Start date from which bars should be taken into account during calculations. For the near past/small scope, the estimation may differ significantly from the Volume Profile available for Paid Traiding View users.
Rows – Number of rows
Width – Width of the visualization.
Position – Position of the visualization:
S_DU – At START of the area, DOWN first
S_UD – At START of the area, UP first
BE_DU – At BEFORE END of the area, DOWN first
BE_UD – At BEFORE END of the area, UP first
E_DU – At END of the area, DOWN first
E_UD – At END of the area, UP first
Color Up – Color of volume classified as move Up, or Both if separation is off.
Color Down - Color of volume classified as move Down
Color Border – Border color.
Up/Down separate – Draw separate volume classified as Up and Down
Show values – Showing volume values of the bars.
Troubleshooting:
In case of any problems, send error details to the author of the script.
Volume Profile For All AccountsVolume Profile For All Accounts is displaying volume from price perspective. It’s done by summing volume by the “estimated” transaction price. This version is estimating it based on public volume data so it can be used with any account.
Volume Profile is a powerful tool commonly used by PRO users, to disseminate its use also by users who operate on basic volume data, we have prepared a set of scripts:
Volume Profile For All Accounts – Analyze last 50-20000 bars.
Volume Profile From Date For All Accounts – Analyze all bars since start date.
Volume Profile Range For All Accounts – Analyze bars in a range between start and end date.
Traiding View is supporting paid users with Volume Profile on extended volume dataset. We recommend to use it, because of access to more precise data.
Settings:
SCANNER VISUALIZATION
Limit – How many last bars should be taken into account during calculations. For small values, the estimation may differ significantly from the Volume Profile available for Paid Traiding View users.
Rows – Number of rows
Width – Width of the visualization.
Position – Position of the visualization:
S_DU – At START of the area, DOWN first
S_UD – At START of the area, UP first
BE_DU – At BEFORE END of the area, DOWN first
BE_UD – At BEFORE END of the area, UP first
E_DU – At END of the area, DOWN first
E_UD – At END of the area, UP first
Color Up – Color of volume classified as move Up, or Both if separation is off.
Color Down - Color of volume classified as move Down
Color Border – Border color.
Up/Down separate – Draw separate volume classified as Up and Down
Show values – Showing volume values of the bars.
Troubleshooting:
In case of any problems, send error details to the author of the script.
Confirmation (Expo)
Confirmation (Expo) is a trading confirmation tool that can confirm any indicator, trend, setup, signal, or strategy. Once you have chosen the input source (any indicator) you can use the tool to confirm the trend, trend strength, overbought/oversold areas, retracements, and reversals. This tool is built for traders that already have a strategy or preferred indicator that they want to confirm. As a default, the indicator oscillates between overbought (or strong positive trend)/oversold (or strong negative trend). However, depending on the settings and input source many different layouts can occur.
Real-Time Alerts
No Repainting
Works on any market and in any timeframe
HOW TO USE
To confirm any indicator, trend, setup, signal, or strategy
INDICATOR IN ACTION
4 hour - chart
I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!
-----------------
Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/strategies/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/strategies/ideas are only for educational purposes!
ACCESS THE INDICATOR
• Contact me on TradingView or use the links below
Breakout & Trend & Scalping (Expo)
Breakout, Trend, Scalping (Expo) gives insights about trend direction, trend strength, trend breakouts, and scalping impulses. The indicator is for traders that easily want to catch true breakouts, find reversals and retracements, and want to be able to gauge the trend strength. The indicator has various input sources: ATR (Default), VWAP, RSI, Average Trend and comes with Breakout Signals , Start of Trend Signals , and Take Profit Signals .
The unique gradient-coloring is used to identify impulses as well as to gauge the trend strength. The Trend Strength is also measured using the value of the BTS line.
Real-Time Alerts
No Repainting
Works on any market and in any timeframe
HOW TO USE
Identify True Breakouts
Identify Trend Strength
Identify Retracements and Reversals
Identify Trend Impulses
Identify Divergences
INDICATOR IN ACTION
5 min chart
Three different modes are displayed on the chart below. ATR Trend, VWAP Trend, and Trend Breakout.
I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!
-----------------
Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/strategies/ideas are only for educational purposes!
ACCESS THE INDICATOR
• Contact me on TradingView or use the links below
Trend Stability (Expo)
Trend Stability (Expo) is a multifunctional trend trading tool that identifies all aspects of trend trading. The indicator helps traders to stay on the right side of the market, identify retracements, reversals, and trend strength. In addition to that, we have added momentum - moves for traders that want to do trend scalping. The candle coloring displays the current trend and gives early signs of trend reversals and retracements.
➤ All in one trading tool that filters out noise and leaves us with insights that matter.
Real-Time with Alerts
No Repainting
Works on any market and in any timeframe
HOW TO USE
Use the indicator to gain insights into all aspects of trend trading:
Trend Stability/equilibrium
Trend Strength
Trend Retracements
Trend Reversals
Trend Filter
Momentum Moves
INDICATOR IN ACTION
4-hour chart
The setting used on the chart below displays negative momentum-moves with a noise-free positive trend.
I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!
-----------------
Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/strategies/ideas are only for educational purposes!
ACCESS THE INDICATOR
• Contact me on TradingView or use the links below
Fractals (Expo)
Fractals (Expo) make use of fractals to identify trends and reversals. The indicator is designed to adapt smoothly and quickly to significant price moves in order to identify trend reversals as well as filtering out noise in an established trend. The indicator is simple to use and understand therefore valuable to all trading styles.
The user has the ability to enable a custom input source which gives the user great flexibility and full control over what the calculations should be based on. The default input source is fractals from the swing points of the market.
Real-Time Trend Alerts
No Repainting
Works on any market and in any timeframe
HOW TO USE
Use the indicator to gain insights into trends and trend reversals.
Identify Trends
Identify Trend reversals
Use it as a Trend filter
INDICATOR IN ACTION
Daily Chart
I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!
-----------------
Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/strategies/ideas are only for educational purposes!
ACCESS THE INDICATOR
• Contact me on TradingView or use the links below
Buy & Sell Order (Expo)
Buy/Sell Order (Expo) is a unique and important indicator that provides information about Buy & Sell order patterns. The indicator helps to identify real-time large Buy & Sell Orders that have a significant impact on the price. These buy and sell orders can be the start of a trend move or a sign of reversal.
The indicator is divided into a Sell-side (red zone) and a Buy-side (green zone) in order to highlight the different order flows. Greater candlesticks mean significant buy/sell orders! These are the ones we want to keep track of.
The price levels where a large Buy or Sell order occurs at should be considered as key levels. These key- levels are often re-tested in the future. Traders should keep track of them.
Real-Time
No Repainting
Works on any market and in any timeframe
HOW TO USE
Identify Large Buy / Sell Order
Identify potential trend move
Identify potential reversal
INDICATOR IN ACTION
1-hour chart
I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!
-----------------
Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/strategies/ideas are only for educational purposes!
ACCESS THE INDICATOR
• Contact me on TradingView or use the links below
