[TTI] Minervini STEM Model📜 ––––HISTORY & CREDITS 🏦
Introducing the Minervini STEM Model, an innovative indicator developed by Mark Minervini, an experienced trader and author renowned for his expertise in gauging the quality of breakouts. The Stock Tactical Environment Model (STEM) is designed to assess the trading environment based on the performance and setup of stocks, helping traders navigate various market conditions with ease.
🎯 ––––WHAT IT DOES 💡
The Minervini STEM Model measures the quality of breakouts in the stock market and provides valuable insights into the trading environment. The model is subjective based on the performance of the Mark Minervini Focus List on a 5 day rolling basis.
• What is the Mark Minervini Focus List?
- This is a private weekly watchlist of all the best setups provided by Mark Minervini in his Private Access Group
• How is the quality of breakouts measured?
- This is the subjective part of the indicator. A good breakout is one that has definite clear of a pivot, with a good close and strong volume. From then on there are strong follow through buys (consecutive up days with new highs) again with good (above average) volume signatures. When stocks start moving in earnest and together and breakouts happen with quality technical characteristics and keep on holding the new highs, then we have a good quality breakouts, otherwise if there are 'pop and drops' (breakout met with subsequent selling on the next days) - we have a bad quality breakouts.
• What is the 5 day rolling basis?
- As part of the methodology, I have included, how are the watchlist (Focus List) is performing on subsequent on the next 5 days. This means if we have 10 stocks on Friday, how many did close up in the following 5 days, do we have improvement compared to the previous week and the week before that, is there an overall trend of stocks gaining value or not. This also measures the quality of the bearjouts
🚨IMPORTANT! The model is largely subjective based on the various factors. Largely, I look at Mark Minervini's focus list and determine how it is performing on a 5 day rolling basis. Depending on how many of the Focus List stocks are closing down for the 5 day period (e.g. less than 60%) and how are all cumulatively performing, I adjust the model. It generates three distinct color-coded signals to indicate the effectiveness of breakouts and the overall market condition:
Color meanings
🟩Green: Breakouts are working well, indicating an easy dollar environment.
🟨Orange: The market is selective or highly rotational, signalling a need for caution.
🟥Red: Breakouts are not working well, suggesting a hard penny environment and high risk.
This color-coded system allows traders to quickly assess the market's health and adjust their trading strategies accordingly.
🛠️ ––––HOW TO USE IT 🔧
To effectively use the Minervini STEM Model, follow these steps:
1.Load the Minervini STEM Model script into your preferred charting platform.
2.Observe the color-coded signals displayed on your chart.
Interpret the signals as follows:
🟩Green: Breakouts are working well. Consider aggressive trading and increasing exposure.
🟨Orange: The market is selective or highly rotational. Exercise caution when trading and be selective with your stock setups.
🟥Red: Breakouts are not working well, and risk is high. Adopt maximum caution and consider reducing exposure or staying small until you gain traction.
By incorporating the Minervini STEM Model into your trading strategy, you can better gauge the quality of breakouts and the overall market condition, enabling you to make informed decisions on your trades. Remember to use this tool in conjunction with other technical indicators and risk management practices to optimize your success.
Trading!
Seasonality Chart [LuxAlgo]The Seasonality Chart script displays seasonal variations of price changes that are best used on the daily timeframe. Users have the option to select the calculation lookback (in years) as well as show the cumulative sum of the seasonal indexes.
🔶 SETTINGS
Lookback (Years): Number of years to use for the calculation of the seasonality chart.
Cumulative Sum: Displays the cumulative sum of seasonal indexes.
Use Percent Change: Uses relative price changes (as a percentage) instead of absolute changes.
Linear Regression: Fits a line on the seasonality chart results using the method of least squares.
🔶 USAGE
Seasonality refers to the recurrent tendencies in a time series to increase or decrease at specific times of the year. The proposed tool can highlight the seasonal variation of price changes.
It is common for certain analysts to use a cumulative sum of these indexes to display the results, highlighting months with the most significant bullish/bearish progressions.
The above chart allows us to highlight which months prices tended to have their worst performances over the selected number of years.
🔹 Note
Daily price changes are required for the construction of the seasonal chart. Thus, charts using a low timeframe might lack data compared to higher ones. We recommend using the daily timeframe for the best user experience.
🔶 DETAILS
To construct our seasonal chart, we obtain the average price changes for specific days on a specific month over a user-set number of years from January to December. These individual averages form "seasonal indexes."
This is a common method in classical time series decomposition.
Example:
To obtain the seasonal index of price changes on January first we record every price change occuring on January first over the years of interest, we then average the result.
This operation is done for all days in each month to construct our seasonal chart.
Seasonal variations are often highlighted if the underlying time series is affected by seasonal factors. For market prices, it is difficult to assess if there are stable seasonal variations on all securities.
The consideration of seasonality by market practitioners has often been highlighted through strategies or observations. One of the most common is expressed by the adage "Sell in May and Go Away" for the US market. We can also mention:
January Effect
Santa Claus Rally
Mark Twain Effect
...etc.
These are commonly known as calendar effects and appear from the study of seasonal variations over certain years.
NewCopter📊 Indicator overview!
The indicator's strategy is based on calculations that are displayed on the chart based on price or volume.
Indicator uses a customizable volume threshold to filter out low volume candle and only display those with significant volume.
The algorithm analyzes market data and sets an entry/exit signal.
The key point of the indicator is reverse trades.
After the algorithm analyzes the current characteristics of the market, an entry signal is placed on the chart.
So whether you're a novice or experienced trader, indicator can help you stay ahead of the game and make more informed trading decisions.
As a result, the trader can be sure that the signal is based on data analysis.
A long or short position can be stopped either at a profit or at a small
loss without compromising the potential profit.
Signals without redrawing
📌Management of risks.
The market is unstable, and it is impossible to know what the future holds for it.
The only way to manage risk. You can limit the loss by setting a stop loss of 1% from the entry point.
Take profit is recommended to set with a ratio of 1:1, 1:2,1:3, with partial fixation of 40%, 30%, 30%!
We recommend fixing positions in parts. The signal in the opposite direction will be when the volume exits.
❕ To match the risk per trade, we recommend not entering with high leverage.
Trade only the amount you are willing to lose.
With increased volatility in the market and flat movement , the indicator can give many signals.
After a strong fall or rise, we recommend not to open positions, because.
high probability of flat movement.
✅Recommendations for the indicator!
Reverse transactions, the indicator shows where to buy-sell, sell-buy.
Entry / exit is carried out on the next candle after the candle with a signal (buy / sell)
Timeframes up to 1 hour (inclusive) are used, you can also use a higher timeframe.
Main trading pairs BTC BNB BIT
You can also trade other pairs, but you NECESSERY do a back test of the indicator.
⚙️!Technical part
The indicator is based on the EMA 20 and EMA 200 moving averages.
Which determine the current trend and the trend on higher timeframes.
the basic idea is that when we combine both we can see trend of the current and the past linear when they cross each other and from this we can make signals
Assuming that past shorter trend has the value of resistance or threshold values, so cross of current linear of those points can show if the trend is to buy or to sell by signals seen in the arrows .
So past and present mix and give us the future.
need to solve issue when market goes sideways but it easy to see how the trend look by the signals
It is also based on the open and close of past days, weeks, months.
The pivot high function calculates the pivot high, which is an important step in detecting bullish structures in the market.
The function also determines the swing state (high or low) of the current candle and returns the calculated swing values.
RSI are used.
RSI is a classic oscillator built on the basis of calculating the relative rate of change in asset prices
over a given period.
Additional tools: volume and volatility .
🗯Disclaimer
Please remember that past performance may not be indicative of future results.
Due to various factors, including changing market conditions, the strategy may no longer perform as well as in historical backtesting.
This post and the script don’t provide any financial advice.
And remember that past results in no way guarantee future results.
✔️If you already have your own strategy, you can use it along with the indicator.
Enjoy trading with our indicator.
Auto anchored VWAP Highest/Lowest Last 'n' bars The VWAP (Volume Weighted Average Price) indicator is used to calculate the average price weighted by volume. This indicator is designed to automatically draw VWAPs from the highest and lowest points of the last 'n' bars.
It utilizes arrays to calculate the values of VWAP and plot it on the chart on the last historical bar. This version was coded to get a similar version to the official "VWAP Auto anchored" with the highest/lowest selected settings.
To use VWAP, traders can look for price movements relative to the VWAP line to identify potential support or resistance levels. It can also be used in conjunction with other technical indicators to develop trading strategies.
Seasonal pivot datesPlots approximate equinox and solstice dates, which are often zones around which market pivots occur.
Multi indicators tableThis is a comprehensive trading tool that presents an overview of the market in a tabular format. It consists of five distinct categories of trading indicators : Volatility, Trend, Momentum, Reversal, and Volume. Each category includes a series of indicators that are widely used in the trading communauty.
The Volatility category includes the Average True Range (ATR) and Bollinger Bands indicators. The Trend category comprises the Average Directional Index (ADX), four Exponential Moving Averages (EMAs), Aroon, Parabolic SAR, and the Supertrend. The Momentum category includes the Stochastic Relative Strength Index (StochRSI), Money Flow Index (MFI), Williams %R, Relative Strength Index (RSI), and Commodity Channel Index (CCI). The Reversal category includes Parabolic SAR, Moving Average Convergence Divergence (MACD), and PP Supertrend. Finally, the Volume category includes the Volume Exponential Moving Average (EMA) indicator.
The indicators states are easily readable, the indicator case is colored based on his actual state. A bullish color (green by default), a bearish color (red by default),
a very bullish color (dark green by default), a very bearish color (dark red by default) and a neutral color (gray by default) displayed when the indicator doesn't give us a clear signal. Some indicators do not have a very bullish or very bearish state. Concerning volatility indicators, the bullish color indicates high volatility, the bearish color indicates low volatility, and the neutral color indicates normal volatility.
Most of the indicators displayed in the table are customizable, and traders can choose to hide the categories they don't want to use. The Indicator provides a quick and easily readable view on the market and allows traders to reduce the number of indicators on their chart making it lighter and more readable.
Renko Ichimoku CloudThis script utilizes its source from a non-repainting renko closing price. Renko charts focus solely on price movement and minimize the impacts of time and the extra noise time creates. Employing the renko close helps smooth out the Ichimoku Cloud. Insignificant price movements will not cause a change in the plotted lines of the indicator unless a new threshold is breached or a "brick" is created.
This Ichmoku Cloud includes all standard lines with standard lengths. These include:
Tenken Sen
Kiju Sen
Senkou A/B
Chikou Span
We have also included plotted marks for when there is a Tenken Sen/ Kiju Sen cross and for the Kumo cloud twist.
There are two methods for selecting the box size. Box size is critical for the overall function and efficacy of the plots you will visually see with this indicator. Box size is set automatically using the Average True Range "ATR" or manually using the "Traditional" setting. The simplest way to determine a manual box six is to take the ATR of the given instrument and round it to the nearest decimal place. As an example, if the ATR for the asset is 0.017, you would round that number to 0.02 and utilize this as your traditional box size.
ILM Seasonality Monthly - Day of Month - Tabular FormUse this indicator on Daily Timeframe
This indicator displays the seasonality data for any instrument (index/stock/ futures /currency) in a tabular data by day of the month (Day 1..31).
User can change the start of the year and month for analysis from the inputs.
Year is represented in rows and Day of the month (Day) is represented in cols.
This indicator uses Daily Data feed to calculate the % change
Summary data for Day of month is displayed at the bottom of the table
Theory Affinity TrendlinesThis indicator is perfect for traders who want to identify trend lines on a chart. It draws higher low uptrends and lower high downtrends, making it easy to see where the trend is going. You can also customize the settings to fit your needs, making it the perfect tool for your trading arsenal.
With this new tool, you can easily customize your experience to get the most out of your trading and analysis. With options like max lines, strength multiplier, pivot plots/text, and more, you can easily create the perfect trading analysis environment.
So why wait? Try it out today!
Leave feedback and let me know what you think.
// ############################################################################################## Input Descriptions
Pivot Left ----------------- look left n bars
Pivot Right ---------------- look right n bars
Strength ------------------- Pivot multiplier (Higher = Wider Trend lines)
Max Lines ------------------ Number of lines for each Uptrend and Downtrend
Structure Text ------------ Show HH, LL, etc. on chart
Structure Markers -------- Dots at the Pivot Highs and Lows
Plots ------------------------ Draw a line at Pivot Highs and Lows
Last Up Width ------------- Width of the current Uptrend line
Historical Up Width ------ Width of previous Uptrend lines
Last Down Width --------- Width of the current Downtrend lines
Historical Down Width --- Width of previous Downtrend lines
Line Offset ---------------- Shift trend lines right or left
* Lines may or may not "repaint". For use to identify trends that are more than likely already established and to identify trend line breaks.
[XIDEN] Reversal ScannerXiden's reversal scanner is based on SMA.
It gives you visual reversal zones and possible entries to enter a reversal trade.
We always try to keep the chart clean, so we didn't go back on visuals, just essentials.
Here is a bullish example:
The blue cross indicates the start of a bullish reversal zone.
The blue flag indicates the end of the bullish reversal zone.
The green arrow marks a possible long entry.
Here is a bearish example:
Again:
The blue cross indicates the start of a bearish reversal zone.
The blue flag indicates the end of the bearish reversal zone.
The red arrow marks a possible short entry.
Don't use this tool as a standalone indicator to trade, always DYOR and use other factors to confirm a possible reversal.
SFC Smart Money Manipulation - Time, Advanced Market StructureThis indicator shows the market structure in more advanced way and different time cycles.
Markets moves in cycles and swings. The indicator will help to determine these cycles and swings by time and price. These are the two columns of the market understanding. The third one is volume/ momentum, but it will not be discussed here.
Advanced Market Structure
According to ICT and Larry Williams Market Structure is not only Highs and Lows.
They present more advanced understanding of the MS:
-Short Term Highs/ Lows
-Intermediate Term Highs/ Lows
-Long Term Highs/ Lows
Rules of how to determine the Swing Points according to Larry Williams:
"A market has made a short-term low when we have a day (or bar if you are using different time periods) that has a higher low on both sides. By the same token a short-term high will be a day (or bar) that has lower bars on both sides of it."
"A short-term high with lower short-term highs on both sides is an intermediate- term high. By the same token, a short-term low with higher short-term lows on both sides is an intermediate-term low."
"An intermediate-term high with lower intermediate-term highs on both sides of it is just naturally a long-term high by our definition, thanks to understanding market structure.
An intermediate-term low with higher intermediate-term lows on both sides of it is just naturally a long-term low by our definition, thanks to understanding market structure."
If the Highs and Lows are labeled properly there is high probability to predict the next High or Low. In this way the trader will know how the current trend is changing and what kind of retracement is coming - deep or shallow.
Timing
Market moves in time cycles.
There is a theory that the swings are equal by time and length. This is not always the case, but very very often.
Indicator time features:
- Swing Trading days - how many time market needed to form a swing. Only Long term(main) Swings are measured. This will help trader to label T-formations.
" T Formations is cyclically related for formations that can be drawn to project the time frame of likely turning points. Basically T-formations are based on the concept that the time distance between the starting low/high of the cyclical wave and its peak is likely to be subsequently repeated between that peak and the final low/high of that cycle."
- Seasonality - theoretically an asset should go up or down in particular yearly quarter. Practically the direction not always match to quarters. Thats why the indicator shows the theoretical seasonal direction and historical real direction.
Seasonal direction is automatically displayed or XAUUSD, XAGUSD, EURUSD, AUDUSD, GBPUSD. There is a ways to set the seasonality manually.
- Earnings Season - This time is very important for Stocks and Indices. Most of the time the assets are in bullish trend during the Earnings Seasons.
- Monthly separator - Shows the monthly time cycle
- Gold bullish months - There are studies on Gold market. They shows that Gold is very bullish in particular months. These are displayed.
The indicator works only on Daily Time Frame.
MAGISTR Binary 3 EURUSD 1min The indicator is designed for use in binary options trading.
Designed for TF 1 minute, EURUSD pair (tested on Currency.com exchange instrument).
When the rules of the internal algorithm are triggered, the indicator generates a signal with the probable movement of the instrument on the next bar:
if a green bar appears at the bottom of the bar, it means that the indicator assumes that the next bar should close at a positive price growth value (it will be green) and vice versa, if a red bar appears at the bottom of the bar, then the indicator assumes that the next bar should close at a negative price growth value( will be red), the indicator also generates appropriate alerts about the expected price movement on the next bar.
In addition, the indicator counts the signals issued by it and the success of its processing for the period of time available in TradingView.
This indicator uses a set of values of such basic indicators as:
- Stochastic RSI;
- Bollinger Bands;
- Profile of Volumes;
- CCI;
- ADX;
- momentum;
and others.
I left all the settings "open", so it is quite possible, by slightly changing the parameters, to adjust it to another pair or time frame.
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Индикатор разработан для применения в торговле на бинарных опционах.
Разработан для ТФ 1 минута, пара EURUSD (оттестирован на показателях инструмента биржи Currency.com).
При сработке правил внутреннего алгоритма - индикатор выдает сигнал с вероятным движением инструмента на следующем баре :
если появилась зеленая полоса внизу бара - значит индикатор предполагает, что следующий бар должен закрыться в положительном значении роста цены ( будет зеленым) и наоборот, если появилась красная полоса внизу бара - значит индикатор предполагает, что следующий бар должен закрыться в отрицательном значении роста цены( будет красным) , также индикатор выдает соответствующее оповещения о предполагаемом им движении цены на следующем баре.
Кроме того индикатором ведется подсчета выданных им сигналов и и успеха его отработки за доступный в TradingView период времени.
В данном индикаторе используются комплекс значений таких базовых индикаторов, как:
- Stochastic RSI;
- Bollindgers Bands;
- Profile of Volumes;
- CCI ;
- ADX;
- Momentum ;
и прочие.
Все настройки оставил "открытыми", так что его вполне можно, немного изменив параметры, подстроить под другую пару или тайм-фрейм.
Helicopter!Review
This indicator automatically calculates the best trade entry based on volume and real-time volatility. After the algorithm analyzes the current characteristics of the market, an entry signal is placed on the chart. As a result, the trader can be sure that the signal is based on data analysis. One of the key elements is reverse transactions. A long or short position can be stopped either at a profit or at a small loss without compromising the potential profit.
!Risks
The market is unstable, and it is impossible to know what the future holds for it. The only way to manage risk. You can limit the loss by setting a stop loss of 1% from the entry point. Take profit is recommended to set with a ratio of 1:1, 1:2,1:3, with partial fixation of 40%, 30%, 30%!
!Trading recommendations
Trades are opened when a green arrow appears, selling when a yellow arrow appears. Be sure to wait for the candle to close and the signal to appear (the signal may flash when the candle is formed). Recommended timeframes: 1min, 3min, 15min. The indicator is designed for scalp trades and intradays!
!Technical part
The indicator is based on the EMA 20 and EMA 200 moving averages. It is also based on the open and close of past days, weeks, months.
RSI are used.
RSI is a classic oscillator built on the basis of calculating the relative rate of change in asset prices over a given period.
Additional tools: volume and volatility.
NO REPAINT!
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Denial of responsibility
The information contained in my Scripts/Indicators/Ideas/Algorithms/Systems does not constitute financial advice or an offer to buy or sell any securities of any kind. I do not accept liability for any loss or damage, including but not limited to any loss of profits that may arise directly or indirectly from the use of or reliance on such information.
New Trading DayThis indicator creates an alert for a new trading day - as well as contains a variable that counts the number of bars that has passed since the trading day opened.
It posts the alert both on the chart and has an alert condition so it can be sent to you.
Colorful Channelwhat is "Colorful Channel"?
it is a overbought - oversold indicator.
what it does?
It fills the area between the upper band of the channel and the price line with green, the area between the lower band of the channel and the price line with red color and applies a transparency to these colors according to the distance of the price from the channel lines. thus allowing users to get an idea of ??the current value of the price.
how it does it?
subtracts the percentage of the price from the lower channel from the transparency ratio of the red color, and the percentage of the price from the upper band from the transparency ratio of the green color. thus, a different transparency value is obtained for each percentile. In addition, the transparency rate can be changed with a multiplier determined by the users.
how to use it?
In the "lenght" section, you select the number of bars that the indicator will base backwards on. For example, if length=100, the indicator determines the upper and lower bands according to the distances from the highest and lowest values ??within 100 bar. so the length part works like donchian channels.
You can change the transparency ratio of the colors in the "transp" section.
1 saat transp
yan trend
4 saat
ILM Seasonality Big Moves - TableUse this script on Daily Timeframe.
This script calculates Daily Moves ( Intraday / Close basis ) and buckets them into 1% / 2% / 3% moves
Also calculates MAX DD for the financial year from Peak to Trough
Helps in identifying volatility of the instrument and high drawdowns due to volatility
SpreadTrade - Auto-Cointegration (ps5)Decsription: Auto-Cointegration-Based Pair Trading Strategy (revised version)
To review, there are three popular styles of Pair trading: distance-based pair trading, correlation-based pair trading and cointegration-based pair trading. Typically, they require preliminary statistical estimation of the viability of the corresponding strategy.
Basically a pair trade strategy boils down to shorting the outperforming instrument and going long on the underperforming instrument whenever the temporary correlation weakens which means one instrument is going up and another is going down. Apart from the typical cointegration strategy which employs two cointegrated instruments, this script uses just one instrument, in base timeframe and in lagged timeframe, actually making it an auto-cointegration, or better still, an auto-correlation strategy.
Notice that each moving average function may require different Threshold settings.The orange cross symbol indicates the exit points. To filter out the signals use higher values for the LongWindow and the Threshold parameters. Also pay attention that in some cases with some moving averages the color of the signals has to be inverted.
Big Money Flow & Drift Oscillator [Spiritualhealer117]An easy way to track what big money and market makers are doing in the markets. The Big Money Flow & Drift Oscillator is best suited as a trend indicator, estimating what way the market will drift on low volume and what way it will move on large volume.
This oscillator is composed of two lines, the Big Money Flow and Drift Oscillator. The Big Money Flow line gives the average percentage return of the asset when the volume is greater than the EMA of volume, showing that big money is making moves in the market. The Drift Oscillator gives the average percentage return of the asset when the volume is less than the EMA of volume, where pricing is done by small money and market makers.
By default, between the two lines, there is a color fill, determined based on the following logic:
BMF > drift and BMF > 0: Yellow
drift > BMF and drift > 0: Beige
BMF > drift and BMF < 0: Orange
drift > BMF and drift < 0: Red
FIN_BOTthis script is just for test,
can be not correct working, is just for now, soon will be better,
this is for test, and it will be prodaction as soon as possible,
Plasse be shur that you don use it as prodaction.
Moving Average Directional IndexMADX is ADX-inspired indicator with moving averages that determines strength of a trend, as well as its direction. Indicator works following:
As the value of MADX increases, so does the strength of a trend
If MADX+ ( green line - bullish MADX ) crosses above MADX- ( red line - bearish MADX ) we consider trend as bullish and vice versa..
There will be situations where MADX- and MADX+ cross multiple times in a short period of time -> that will mean that market indecision is happening and big move will most likely happen after it.
For the calculation of MADX+ and MADX- we need Moving Averages or Exponential Moving Averages with three specific sources ( high, close, low ).
Now, the calculation of each MADX will differ
=> for MADX+: Moving Average (high) / Moving Average (close)
=> for MADX-: Moving Average (close) / Moving Average (low)
Length of Moving Average is editable.
3Commas dollar cost averaging (DCA) QFL IndicatorAs investors, we often face the dilemma of willing high stock prices when we sell, but not when we buy. There are times when this dilemma causes investors to wait for a dip in prices, thereby potentially missing out on a continual rise. This is how investors get lured away from the markets and become tangled in the slippery slope of market timing, which is not advisable to a long-term investment strategy.
Skyrex developed a complex indicator based on dollar-cost averaging in Quick Fingers Luc's interpretation. It is a combinations of strategies which allows to systematically accumulate assets by investing scaled amounts of money at defined market cycle global support levels. Dollar-cost averaging can reduce the overall impact of price volatility and lower the average cost per asset thus even during market slumps only a small bounce is required to reach take profit.
The indicator script monitors a chart price action and identifies bases as they form. When bases are reached the script provides entry alerts. During price action development an asset value can go lower and in this way the script will perform safety entries alerts at each subsequent accumulation levels. When weighted average entry price reaches target profit the script will perform a take profit action alert.
Bases are identified as pivot lows in a fractal pattern and validated by an adjustable decrease/rise percentage to ensure significancy of identified bases. To qualify a pivot low, the indicator will perform the following validation:
Validate the price rate of change on drops and bounces is above a given threshold amount.
Validate the volume at the low pivot point is above the volume moving average (using a given length).
Validate the volume amount is a given factor of magnitude above is above the volume moving average.
Validate the potential new base is not too close to the previous range by using a given price percent difference threshold amount.
A fractal pattern is a recurring pattern on a price chart that can predict reversals among larger, more chaotic price movements. These basic fractals are composed of five or more bars. The rules for identifying fractals are as follows:
A bearish turning point occurs when there is a pattern with the highest high in the middle and two lower highs on each side.
A bullish turning point occurs when there is a pattern with the lowest low in the middle and two higher lows on each side.
Basic dollar-cost averaging approach is enhances by implementation of adjustable accumulation levels in order to provide opportunity of setting them at defined global support levels and Martingale volume coefficient to increase averaging effect. According to Quick Fingers Luc's principles trading principles we added volume validation of a base because it allows to confirm that the market is resistant to further price decrease.
The indicator supports traditional and cryptocurrency spot, futures , options and marginal trading exchanges. It works accurately with BTC , USD, USDT, ETH and BNB quote currencies. Best to use with 1H timeframe charts and limit orders. The indicator can be and should be configured for each particular asset according to its global support and resistance levels and price action cycles. You can modify levels and risk management settings to receive better performance
The difference between core script and this interpretation is that this strategy is specially designed for 3Commas bots
How to use?
1. Apply indicator to a trading pair your are interested in using 1H timeframe chart
2. Configure the indicator: change layer values, order size multiple and take profit/stop loss values according to current market cycle stage
3. Set up a TradingView custom alert using the indicator settings to trigger on a condition you are interested in
4. The indicator will send alerts when to enter and when to exit positions which can be applied to your portfolio using external trading platforms
5. Update settings once market conditions are changed using backtests on a monthly period
Dollar cost averaging (DCA) QFL IndicatorAs investors, we often face the dilemma of willing high stock prices when we sell, but not when we buy. There are times when this dilemma causes investors to wait for a dip in prices, thereby potentially missing out on a continual rise. This is how investors get lured away from the markets and become tangled in the slippery slope of market timing, which is not advisable to a long-term investment strategy.
Skyrex developed a complex indicator based on dollar-cost averaging in Quick Fingers Luc's interpretation. It is a combinations of strategies which allows to systematically accumulate assets by investing scaled amounts of money at defined market cycle global support levels. Dollar-cost averaging can reduce the overall impact of price volatility and lower the average cost per asset thus even during market slumps only a small bounce is required to reach take profit.
The indicator script monitors a chart price action and identifies bases as they form. When bases are reached the script provides entry alerts. During price action development an asset value can go lower and in this way the script will perform safety entries alerts at each subsequent accumulation levels. When weighted average entry price reaches target profit the script will perform a take profit action alert.
Bases are identified as pivot lows in a fractal pattern and validated by an adjustable decrease/rise percentage to ensure significancy of identified bases. To qualify a pivot low, the indicator will perform the following validation:
Validate the price rate of change on drops and bounces is above a given threshold amount.
Validate the volume at the low pivot point is above the volume moving average (using a given length).
Validate the volume amount is a given factor of magnitude above is above the volume moving average.
Validate the potential new base is not too close to the previous range by using a given price percent difference threshold amount.
A fractal pattern is a recurring pattern on a price chart that can predict reversals among larger, more chaotic price movements. These basic fractals are composed of five or more bars. The rules for identifying fractals are as follows:
A bearish turning point occurs when there is a pattern with the highest high in the middle and two lower highs on each side.
A bullish turning point occurs when there is a pattern with the lowest low in the middle and two higher lows on each side.
Basic dollar-cost averaging approach is enhances by implementation of adjustable accumulation levels in order to provide opportunity of setting them at defined global support levels and Martingale volume coefficient to increase averaging effect. According to Quick Fingers Luc's principles trading principles we added volume validation of a base because it allows to confirm that the market is resistant to further price decrease.
The indicator supports traditional and cryptocurrency spot, futures, options and marginal trading exchanges. It works accurately with BTC, USD, USDT, ETH and BNB quote currencies. Best to use with 1H timeframe charts and limit orders. The indicator can be and should be configured for each particular asset according to its global support and resistance levels and price action cycles. You can modify levels and risk management settings to receive better performance
Advantages of this indicator:
The indicator has custom alert settings for each strategy action
The indicator can be used with 3Commas, Cryptohopper, Alertatron or Zignaly bots
The indicator is sustainable to market slumps and can be used for long-term trading
The indicator provides a large number of entries which is good for diversification
Can be applied to any market and quote currency
Easy to configure user interface settings
How to use?
1. Apply indicator to a trading pair your are interested in using 1H timeframe chart
2. Configure the indicator: change layer values, order size multiple and take profit/stop loss values according to current market cycle stage
3. Set up a TradingView custom alert using the indicator settings to trigger on a condition you are interested in
4. The indicator will send alerts when to enter and when to exit positions which can be applied to your portfolio using external trading platforms
5. Update settings once market conditions are changed using backtests on a monthly period
Shotoki Volatility IndexHi, I finally coded a volatility index I'm proud of !
The formula is quite simple : It's the inverse of the maximal volatility that a candle can have
We find 2 lines : the white one, the volatility index ; the delayed index
The yellow area highlight the moment where we have more volatility
the gray one is when the market is quiet, it's not recommended to take decision in these moments
when the index is rising, there are less volatility
when the index is decreasing, the volatility is increasing
Shotoki
