5 Minute TraderBy request, this is an amalgamation of my most popular indicator features but tailored for lower timeframes.
Signals are generated by simple EMA crosses (with adjustable values) in the direction of the current trend and then validated against a scoring system that's comprised of 20 other indicators. When the majority of them agree then the trade can be taken. The tolerance score that permits a trade can be adjusted within the indicator preference panel and the values can be printed above/below the candle to help you tune your entry points.
To further reassure you, the smoothed candle direction from the 4 hour chart is printed in the background to validate the trend direction and a floating trade helper panel translates the scores in to practical terms (buy, sell etc)
Alerts are built in.
Note: This is a premium script. Please DM me for access.
Signals
Phase CalculationPhase Calculation was authored by John F. Elders in the Stocks and Commodities Magazine 11/1996
This indicator will tell you if the stock is in a uptrend or downtrend. A phase number with a low number means it is in a uptrend and a phase number with a high number means it is in a downtrend.
Let me know if you want to see me write code for different indicators!
MWDX AverageThis is a variation of an exponential moving average which follows the price pretty smoothly. Feel free to change the factor to adjust how closely it follows the price. I set the default to 0.2
Let me know if you want me to write code for any other indicators!
Moving Average Adaptive QThe Moving Average Adaptive Q (MAAQ) was authored by Perry Kaufman in the Stocks and Commodities Magazine 06/1995
This is similar to his Kaufman Adaptive Moving Average with a few changes. This is a pretty close moving average which I like quite a bit. Try it and let me know what you think.
Send me a message and let me know what other indicators you would like to see!
Moving Average Adaptive FilterThe Moving Avg Adaptive Filter (MAAF) was authored by Perry Kaufman in the Stocks and Commodities Magazine 03/1998
This is a volatility based indicator so when this indicator goes up, sell in the direction of how that stock is going. In other words go short when it is rising and the stock price is below the ema or go long when it is rising and the stock price is above the ema. Lower volatility means it is trading sideways or the current price action is about to reverse.
Send me a message and let me know what other indicators you would like to see!
Blue FX Trend StrategyHi, welcome to the Blue FX Trend Strategy Script.
What does it do?
Our strategy will help you identify the current trend in the markets and highlight when this is changing. The strategy itself is based upon 4 indicators lining up in total confluence to increase the probability of the trade being a success, this is specifically an EMA, MACD settings, Supertrend criteria and also Momentum.
Absolutely no technical analysis is needed to trade this successfully - this can be used on all time frames and all pairs - obviously with varying profitability as all pairs work differently - this can be reviewed quickly in 'Strategy Tester' to hone in on your own desired settings.
When all criteria is in alignment the strategy will convert all candles to the relevant colour - Green for an uptrend and Red for a downtrend; a candle that is printed normally simply shows that no current trend is in place to warrant a colour change. A normal coloured candle could possibly indicate a change in current market direction or the market consolidating before a further move in the initial direction. When a new signal is valid 'Blue FX Buy'' or 'Blue FX Sell' will be displayed and the small arrow shown on candle open for entry.
How do I use it?
Our strategy is invite only - upon joining our group we will allow you access to the script. This will then simply display on your device ready for you to start trading from. There is substantial functionality within the strategy, you can;
See the success of the default settings in the past using the 'Strategy Tester' Function for numerous settings
1. Following the settings 'Trail'
2. Changing your TP function with the other criteria listed
3. Using a Fixed TP or SL function
Upon changing the Script to 'Fixed' you will see numerous trades on the chart displayed differently.
Scaling into a profitable position is also possible - this is ideally done when the candle colour confirms the trend is continuing after rejection/support from the EMA; we show this below;
You could also enter here if you missed the initial sell signal, we have MA rejection and a red printed candle indicating all confluences are in play and we have high probability for the move to continue.
How do I know its profitable?
We have built numerous customisable settings into the strategy for you to see that this is profitable - you can visually see this too. The settings are also customisable to find the right criteria for the right pair on the right time-frame. Ultimately, with the strategy confluences in place, you are putting probability in your favour and can quickly determine the trend in place if there is one. Within the customisable settings there is a compound function too, so if you were to compound your profit the results can be exceptional.
We have also added an H4 confluence, so you can ensure if trading on a lower time-frame you are in the overall direction of the H4 trend too, a useful setting for more confluence again.
Where do I set my Stop loss or Take Profit?
There is no right or wrong to this and we have attempted to build numerous ways of doing this into the strategy for reference.
For setting a SL you could;
1. Use a fixed SL.
2. Place the SL below the last high or low in the trend.
3. Use an ATR function.
4. Place the SL 5 pips below the last 3 candles.
5. Or, trail the price if you are on screen until the next signal is given and a new trend starts - although unless a big trend, you may miss out on some profit by the time price has pulled back.
For placing a Take Profit, you could;
1. Use a fixed TP.
2. Look for the next supply/demand area on the chart (if it breaks and candle colour supports direction - you could enter again).
3. Use an ATR function.
5. Or, trail the price if you are on screen until the next signal is given and a new trend starts - although unless a big trend, you may miss out on some profit by the time price has pulled back.
6. Secure multiple TPs - 20/50/100 pips with Stop loss to entry after the first target is hit.
Here are some examples of the Buy and Sell signals in action;
Will also work on Commodities and Indices as shown below too;
Our recommended visual settings are below;
1. Set to'Trail' Strategy
2. Under 'Style' tab, select Trades on Chart, but un-select both Signal Labels and Quantity to clean up the chart - these settings are useful when testing to see where the trades are opened and closed.
3. We like the candles changing colour to the trend and criteria set however, these can be turned off to display normal bullish and bearish candles.
When reviewing profitability you can do this by selecting 'Overview' 'Performance Summary' and 'List of Trades'.
Please consider that the settings based into the strategy could differ to your own money management rules and your management of your SL and TP as outlined above - we have tried to cover as many bases as possible here.
We look forward to you using this strategy to profit from the market, please share your feedback and results with us.
Kind regards
Blue FX Team
ASCTrendThis is a signal type inge displayed on the candlestick.
Very famous in the world, ASCTrend is one of the oldest signal type indicators, and it seems that the base was completed around MT3, the predecessor of MT4.
I ported it because it was not in TradingView for some reason.
ローソク足上に表示されるシグナル型のインジです。
世界的に非常に有名で、ASCTrendはシグナル型のインジケーターの中でも歴史は古く、ベースはMT4の前身であるMT3の頃には出来上がっていたようです。
なぜかTradingViewにないので移植してみました。
On Balance Volume ModifiedHere is a smoothed version of the classic OBV indicator with a signal line. You can use it to look for signal line crossovers and divergences. The signal line is a 10-day EMA of the OBVM line. Typically, the signal line can vary from 10 to 50.
This was just published by Vitali Apirine in the latest issue of Stocks & Commodities (April 2020) p22-25
Please let me know if you want me to publish any other indicators or if you have any questions!
Modified OBV w/ Divergence Detection by CryptorhythmsApirine OBV-M Modified OBV w/ MA Selection by Cryptorhythms
Intro
Released in the April 2020 issue of TASC, and created by Vitali Apirine.
Description
OBV-M is of course based on the classic indicator on balance volume originally developed by Joe Granville. Apirine then smooths the calculation and adds a signal line to help denote entry and exit points.
As the author points out uts also great at showing divergences!
Extras
As usual when porting indicators to the library here on tradingview, I like to add some extra flare!
💠MA selection to allow you to experiment with alternate settings
💠Bar coloration based on trade state for easy visual at a glance chart checking
💠Divergence Detection and plotting thanks for Ricardo Santos' script
Enjoy!
👍 We hope you enjoyed this indicator and find it useful! We post free crypto analysis, strategies and indicators regularly. This is our 78th script on Tradingview!
BO - CCI Arrow with AlertBO - CCI Arrow with Alert base on CCI indicator to get signal for trade Binary Option.
Rules of BO - CCI Arrow with Alert below:
A. Setup Menu
1. cciLength:
* Default CCI lenght = 14
2. Linear Regression Length:
* Periods to calculate Linear Regression of CCI,
* Default value = 5
3. Extreme Level:
* Default top extreme level = 100
* Default bottom extreme level = -100
4. Filter Length:
* Periods to define highest or lowest Linear Regression
* Default value = 6
B. Rule Of Alert Bar
1. Put Alert Bar
* Current Linear Regression Line created temporrary peak
* Peak of Linear Regression Line greater than Top Extreme Level (100)
* Previous Linear Regression is highest of Filter Length (6)
* Previous Linear Regression is greater than previous peak of Linear Regression Line
* Current price greater than previous low
* CCI(14) less than Linear Regression Line
2. Call Alert Bar
* Current Linear Regression Line created temporrary bottom
* Bottom of Linear Regression Line less than Bottom Extreme Level (-100)
* Previous Linear Regression is lowest of Filter Length (6)
* Previous Linear Regression is less than previous bottom of Linear Regression Line
* Current price less than previous lhigh
* CCI(14) greater than Linear Regression Line
B. Rule Of Entry Bar and Epiry.
1. Put Entry with expiry 3 bars:
* After Put Alert Bar close with signal confirmed, put Arrow appear, and after 3 bars, result label will appear to show win trade, loss trade or draw trade
2. Call Entry with expiry 3 bars:
* After Call Alert Bar close with signal confirmed, call Arrow appear, and after 3 bars, result label will appear to show win trade, loss trade or draw trade.
3. While 1 trade is opening no more any signal
C. Popup Alert/Mobile Alert
1. Signal alert: Put Alert or Call Alert will send to mobile or show popup on chart
2. Put Alert: only Put Alert will send to mobile or show popup on chart
3. Call Alert: only Call Alert will send to mobile or show popup on chart
RSI LevelsRSI Levels
- The relative strength index ( RSI ) is a technical indicator used in the analysis of financial markets.
It is intended to chart the current and historical strength or weakness of a stock or market based on the closing prices of a recent trading period.
- This indicator allows us to visualize the levels of rsi in the chart, so that we can calculate take profit and stop points in a simple way,
knowing what position the price is currently in relation to these levels and how much space we have.
- We can also visualize the slope of the three levels of rsi , overbought, oversold and level 50, something that is not possible in the oscillator version.
- It allows you to display 2 rsi values at the same time.
- Allows to change the color of candlesticks based on rsi.
Balance BuilderBalance Builder is the culmination of everything I've learned over the last few years and will be my exclusive FOREX and crypto trading indicator going forward. I will be developing and updating it on a regular basis.
The unique signals it generates do not repaint, nor do they lag. What you are seeing is real-time and will not change once the current candle closes.
This technology analyses trend strength, momentum and the outcome of previous candles to determine the best time to accurately go long or short.
Use the labels to influence your own manual trading decisions or enable the built in alerts to hook in to your trading bot of choice and automatically trade around the clock.
The system can be applied to any instrument but the defaults are tuned for trading Bitcoin on the 4 hour chart. Higher time frames such as this are recommended to increase the win-rate but the parameters can easily be tweaked to cater for shorter term trading.
Important: I personally use Heikin Ashi candles with this script to further filter entries. An option is available within the script settings to toggle this on/off should you wish to do the same.
This is a premium script. Please DM me for access.
Bullyena SignalsWhat is Bullyena Signals?
-It is an indicator that aids the trader in making entry/exit decisions.
-Note that this is optimized for swing traders but you can also use this for scalping.
-The algorithm contains multiple modern indicators and some of them are proprietary.
Bullyena Signals usage:
-Gives entry/exit signals
-Shows the trend of the price using a bar color overlay.
-Shows trailing stops
-Shows buy/long and take profit signals
-Ichimoku cloud for trend confirmation
Installation
- For candlestacks, make sure to Right click > Settings > Symbol > disable wicks and borders.
Access and Documentation
- Message or PM me to know how to get access
SPY - SPX - S&P --- DAILY MODELThis model is optimized for SPY on a daily time-frame.
Even though it is still profitable (Profit factor > 1) on other time-frames, such as 1h or weekly, I strongly advise you to NOT consider these signals.
You might also get positive returns on other assets, and time-frames, and I also strongly advise you to NOT consider them for your trades. For example:
AAPL-1h
GOOGL-D-W
TSLA-D-W
PYPL-D
INTC-W
MSFT-D-W
FDN-D-W
And so on …
This model is an optimization (parameters tuning) of a meta-model (generic model) for the SPY. It is mainly based on a conjunction of price & volume personal indicators for both entry and exit signals.
The relative portability of the model to other assets and time-frames, coupled with a "Development set -> Validation set" approach, confers it a stronger reliability, and a better warranty of not being « over-optimized ». The meta-model has also served for other model buildings, about 100 as of today.
Be advised that this model applied to real data will get much lower profit factors. During high-volatility periods (such as current times), the model might also be less accurate, as "News streams", more than "prices and volumes", make the market.
As always, this model is for an educational purpose only, and should never be considered as a single decision tool. So, study it, and make sure your decisions are still your own choice.
VWAP Standard DeviationsVWAP Standard Deviations
VWAPSD is an indicator that can be used to identify Support & Resistance lines based on Volume per Price.
Such an indicator can be easily used to place a limit order on the SR levels
PRIME - BTCUSD - BYBITPRIME is a hyper-focused indicator made for a specific asset and timeframes. The goal of the indicator is to help you simplify and optimize your trading.
As of writing this, the indicator is optimized for the 1H and 4H timeframes.
The indicator will provide you with:
Potential buy and sell zones (the green and red vertical lines/flashes).
The trend of the market, with the cloud as support/resistance.
And the daily, weekly and monthly closes (as D, W and M).
In addition to these, the indicator also comes with the following alerts:
BUY ZONE
SELL ZONE
STOPPED FLASHING
CLOUD TOP X
CLOUD BOTTOM X
These alerts will allow you to know when some of the best opportunities in the market might be present.
This specific version of the indicator is for BTCUSD . However, I can adjust it to your favorite asset.
For access, questions, and full documentation, please message me here on TradingView.
PRIME - ETHUSD - BYBITPRIME is a hyper-focused indicator made for a specific asset and timeframes. The goal of the indicator is to help you simplify and optimize your trading.
As of writing this, the indicator is optimized for the 1H and 4H timeframes.
The indicator will provide you with:
Potential buy and sell zones (the green and red vertical lines/flashes).
The trend of the market, with the cloud as support/resistance.
And the daily, weekly and monthly closes (as D, W and M).
In addition to these, the indicator also comes with the following alerts:
BUY ZONE
SELL ZONE
STOPPED FLASHING
CLOUD TOP X
CLOUD BOTTOM X
These alerts will allow you to know when some of the best opportunities in the market might be present.
This specific version of the indicator is for ETHUSD . However, I can adjust it to your favorite asset.
For access, questions, and full documentation, please message me here on TradingView.
PRIME+ BTCUSDPRIME+ is a hyper-focused indicator made for a specific asset and timeframes. The goal of the indicator is to help you simplify and optimize your trading.
As of writing this, the indicator is optimized for the 3m and 1H timeframes.
The indicator will provide you with:
Potential buy and sell zones (the green and red vertical lines/flashes).
The trend of the market, with the cloud as support/resistance.
The daily, weekly and monthly closes (as D, W and M).
And additional tools for the 3m for best entries and exits.
In addition to these, the indicator also comes with alerts for the flashes:
BUY ZONE
SELL ZONE
These alerts will allow you to know when some of the best opportunities in the market might be present.
This specific version of the indicator is for BTCUSD . However, I can adjust it to your favorite asset.
For access and questions, please message me here on TradingView.
Dekidaka-Ashi - Candles And Volume Teaming Up (Again)The introduction of candlestick methods for market price data visualization might be one of the most important events in the history of technical analysis, as it totally changed the way to see a trading chart. Candlestick charts are extremely efficient, as they allow the trader to visualize the opening, high, low and closing price (OHLC) each at the same time, something impossible with a traditional line chart. Candlesticks are also cleaner than bars charts and make a more efficient use of space. Japanese peoples are always better than everyone at an incredible amount of stuff, look at what they made, the candlesticks/renko/kagi/heikin-ashi charts, the Ichimoku, manga, ecchi...
However classical candlesticks only include historical market price data, and won't include other type of data such as volume, which is considered by many investors a key information toward effective financial forecasting as volume is an indicator of trading activity. In order to tackle to this problem solutions where proposed, the most common one being to adapt the width of the candle based on the amount of volume, this method is the most commonly accepted one when it comes to visualizing both volume and OHLC data using candlesticks.
Now why proposing an additional tool for volume data visualization ? Because the classical width approach don't provide usable data regarding volume (as the width is directly related to the volume data). Therefore a new trading tool based on candlesticks that allow the trader to gain access to information about the volume is proposed. The approach is based on rescaling the volume directly to the price without the direct use of user settings. We will also see that this tool allow to create support and resistances as well as providing signals based on a breakout methodology.
Dekidaka-Ashi - Kakatte Koi Yo!
"Dekidaka" (出来高) mean "Volume" in a financial context, while "Ashi" (足) mean "leg" or "bar". In general methods based on candlesticks will have "Ashi" in their name.
Now that the name of the indicator has been explained lets see how it works, the indicator should be overlayed directly to a candlestick chart. The proposed method don't alter the shape of the candlesticks and allow to visualize any information given by the candles. As you can see on the figure below the candle body of the proposed tool only return the border of the candle, this allow to show the high/low wick of the candle.
The body size of the candle is based on two things : the absolute close/open difference, and the volume, if the absolute close/open difference is high and the volume is high then the body of the candle will be clearly visible, if the volume is high but the absolute close/open difference is low, then the body will be less visible. This approach is used because of the rescaling method used, the volume is divided by the sum between the current volume value and the precedent volume value, this rescale the volume in a (0,1) range, this result is multiplied by the absolute close/open difference and added/subtracted to the high/low price. The original approach was based on normalization using the rolling maximum, but this approach would have led to repainting.
You have access to certain settings that can help you obtain a better visualization, the first one being the body size setting, with higher values increasing the body amplitude.
In green body with size 2, in red with size 1. The smooth parameter will smooth the volume data before being used, this allow to create more visible bodies.
Here smooth = 100.
Making Bands From The Dekidaka-Ashi
This tool is made so it output two rescaled volume values, with the highest value being denoted as "Dekidaka-high" and the lowest one as "Dekidaka-low". In order to get bands we must use two moving averages, one using the Dekidaka-high as input and the other one using Dekidaka-low, the body size parameter should be fairly high, therefore i will hide the tool as it could cause trouble visualizing the bands.
Bands with both MA's of period 20 and the body size equal to 20. Larger periods of the MA's will require a larger amount of body size.
Breakout Signals
There is a wide variety of signals that can be made from candles, ones i personally like comes from the HA candles. The proposed tool is no exception and can produce a wide variety of signals. The signals generated are basic ones based on a breakout methodology, here is each signal with their associated label :
Strong Bullish signal "⇈" : The high price cross the Dekidaka-high and the closing price is greater than the opening price
Strong Bearish signal "⇊" : The low price cross the Dekidaka-low and the closing price is lower than the opening price
Weak Bullish signal "↑" : The high price cross the Dekidaka-high and the closing price is lower than the opening price
Weak Bearish signal "↓" : The low price cross the Dekidaka-low and the closing price is greater than the opening price
Uncertain "↕" : The high price cross the Dekidaka-high and the low price cross the the Dekidaka-low
In order to see the signals on the chart check the "Show signals" option. Note that such signals are not based on an advanced study, and even if they are based on a breakout methodology we can see that volatile movement rarely produce signals, therefore signals mostly occur during low volume/volatility periods, which isn't necessarily a great thing.
Conclusion
A trading tool based on candlesticks that aim to include volume information has been presented and a brief methodology has been introduced. A study of the signals generated is required, however i'am not confident at all on their accuracy, i could work on that in the future. We have also seen how to make bands from the tool.
Candlesticks remain a beautiful charting technique that can provide an enormous amount of information to the trader, and even if the accuracy of patterns based on candlesticks is subject to debates, we can all agree that candlesticks will remain the most widely used type of financial chart.
On a side note i mostly use a dark color for a bullish candle, and a light gray for a bearish candle, with the border color being of the same color as the bullish candle. This is in my opinion the best setup for a candlestick chart, as candles using the traditional green/red can kill the eyes and because this setup allow to apply a wide variety of colors to the plot of overlayed indicators without the fear of causing conflict with the candles color.
Thanks for reading ! :3 Nya
A Word
This morning i received some hateful messages on twitter, the users behind them certainly coming from tradingview, so lets be clear, i know i'am not the most liked person in this community, i know that perfectly, but no one merit to be receive hateful messages. I'am not responsible for the losses of peoples using my indicators, nor is tradingview, using technical indicators does not guarantee long term returns, your ability to be profitable will mostly be based on the quality and quantity of knowledge you have.
PRIME - XBTUSDPRIME - XBTUSD is an indicator made specifically for XBTUSD on the 1 hour timeframe .
The indicator will help you know:
Potential areas to buy and sell (the flashes).
The trend of the market (the wavy cloud).
Important support/resistance areas (the wavy cloud).
And the daily, weekly and monthly closes (as D, W and M).
The indicator comes with the following alerts:
BUY BTC (1H)
SELL BTC (1H)
The alerts must be set on the 1 hour timeframe.
The goal of the indicator is to make trading simple and sustainable regardless of your lifestyle.
PS. The buy and sell flashes only show on the 1 hour; and the cloud and closes up to the 12 hour (to keep the chart clean).
PPS. For access and questions, message me here on TradingView. If you need it for another asset, I can adjust the settings for you.
PRIME - BTCUSDPRIME - BTCUSD is an indicator made specifically for BTCUSD on the 1 hour timeframe .
The indicator will help you know:
Potential areas to buy and sell (the flashes).
The trend of the market (the wavy cloud).
Important support/resistance areas (the wavy cloud).
And the daily, weekly and monthly closes (as D, W and M).
The indicator comes with the following alerts:
BUY BTC (1H)
SELL BTC (1H)
The alerts must be set on the 1 hour timeframe.
The goal of the indicator is to make trading simple and sustainable regardless of your lifestyle.
PS. The buy and sell flashes only show on the 1 hour; and the cloud and closes up to the 12 hour (to keep the chart clean).
PPS. For access and questions, message me here on TradingView. If you need it for another asset, I can adjust the settings for you.
BO - Bar's direction Signal - BacktestingBO - Bar's direction Signal - Backtesting Options:
A. Factors Calculate probability of x bars same direction
1. Periods Counting: Data to count From day/month/year To day/month/year
2. Trading Time: only cases occurred in trading time were counted.
B. Timezone
1. Trading time depend on Time zone and specified chart.
2. Enable Highlight Trading Time to check your period time is correct
C. Date Backtesting
* Only cases occurred in Date Backtesting were reported.
D. Setup Options & Rule
1. Reversal after 2 bars same direction
* Probability of 3 bars same direction < 50
* 2 bars same direction is start of series
2. Reversal after 3 bars same direction
* Probability of 4 bars same direction < 50
* 3 bars same direction is start of series
3. Reversal after 4 bars same direction
* Probability of 4 bars same direction < 50
* 3 bars same direction is start of series
4. Reversal after 5 bars same direction
* Probability of 5 bars same direction < 50
* 4 bars same direction is start of series
5. Reversal after 6 bars same direction
* Probability of 6 bars same direction < 50
* 5 bars same direction is start of series
5 min bot scalperSAR signals (Parabolic and Lucid) combined with UT pivots, all filtered by the 200 MA. Golden and death crosses are also included to catch larger moves out-with long/short trends. These are filtered by my chop indicator to remove sideways signals.
This is designed for the 5 minute chart but may be useful elsewhere with some tweaking.
Alerts are included for long, short and exit signals.
