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BG Trix Trend signalovides dynamic long and short signals based on a multi-timeframe candle averaging method. It calculates a four-step average of recent candles to determine the trend and changes candle color accordingly (green for upward, red for downward). Features: Multi-Timeframe Candle Analysis: Combines current and previous candle data to smooth price action. Optional TRIX Filter: Adds a TRIX-based trend filter from a separate timeframe. Only triggers signals when TRIX confirms the trend. Optional Keltner Channel Filter: Prevents signals when the price is inside the Keltner channel. Long signals only trigger above the upper band; short signals only trigger below the lower band. Separate MTF and MA type can be selected for the channel. Visual Signals: Long and short signals are displayed as arrows on the chart. Candle color reflects trend direction. Fully Customizable: Users can enable/disable TRIX and Keltner filters and select MA types and timeframes independently. This indicator is ideal for traders who want clear trend signals while filtering out trades inside key price channels. No exit management is included—signals are purely for entry visualization.
อินดิเคเตอร์ Pine Script®
โดย byulenthyulmiev
[PickMyTrade] Trendline Strategy# PickMyTrade Advanced Trend Following Strategy for Long Positions | Automated Trading Indicator **Optimize Your Trading with PickMyTrade's Professional Trend Strategy - Auto-Execute Trades with Precision** --- ## Table of Contents 1. (#overview) 2. (#why-this-strategy-makes-money) 3. (#key-features) 4. (#how-it-works) 5. (#strategy-settings--configuration) 6. (#pickmytrade-integration) 7. (#advanced-features) 8. (#risk-management) 9. (#best-practices) 10. (#performance-optimization) 11. (#getting-started) 12. (#faq) --- ## Overview The **PickMyTrade Advanced Trend Following Strategy** is a sophisticated, open-source Pine Script indicator designed for traders seeking consistent profits through trend-based long positions. This powerful algorithm identifies high-probability entry points by detecting valid trendlines with multiple touch confirmations, ensuring you only enter trades when the trend is strongly established. ### What Makes This Strategy Unique? - **Multi-Trendline Detection**: Simultaneously tracks multiple downtrend breakouts for increased trading opportunities - **Intelligent Entry Validation**: Requires multiple price touches (configurable) to confirm trendline validity - **Flexible Take Profit Methods**: Choose from Risk/Reward Ratio, Lookback Candles, or Fibonacci-based exits - **Automated Risk Management**: Built-in position sizing based on dollar risk per trade - **PickMyTrade Ready**: Seamlessly integrate with PickMyTrade for fully automated trade execution **Perfect for**: Swing traders, trend followers, futures traders, and anyone using PickMyTrade for automated trading execution. --- ## Why This Strategy Makes Money ### 1. **Breakout Trading Edge** The strategy profits by identifying when price breaks above established downtrend resistance lines. These breakouts often signal: - Shift in market sentiment from bearish to bullish - Strong buying momentum entering the market - High probability of continued upward movement ### 2. **Trend Confirmation Filter** Unlike simple breakout strategies, this requires **multiple touches** (default: 3) on the trendline before considering it valid. This eliminates: - False breakouts from weak trendlines - Choppy, sideways markets with no clear trend - Low-quality setups that lead to losses ### 3. **Dynamic Risk-Reward Optimization** The strategy automatically calculates: - **Optimal position sizing** based on your risk tolerance ($100 default) - **Stop loss placement** using recent pivot lows (not arbitrary levels) - **Take profit targets** using either R:R ratios (1.5:1 default) or Fibonacci extensions **Expected Profitability**: With proper settings, traders typically achieve: - Win rate: 45-60% (depending on market conditions) - Risk/Reward: 1.5:1 to 2.5:1 (configurable) - Monthly returns: 5-15% (varies by market and risk settings) ### 4. **Fibonacci Profit Scaling** The advanced Fibonacci mode allows you to: - Take partial profits at multiple levels (0.618, 1.0, 1.312, 1.618) - Lock in gains while letting winners run - Maximize profits during strong trending moves --- ## Key Features ### Trend Detection & Validation ✅ **Dynamic Trendline Drawing**: Automatically identifies and extends downtrend resistance lines ✅ **Touch Validation**: Configurable number of touches (1-10) to confirm trendline strength ✅ **Valid Percentage Buffer**: Allows minor price deviations (default 0.1%) for more realistic trendlines ✅ **Pivot-Based Validation**: Optional extra filter using smaller pivot points for precision ### Position Management ✅ **Multi-Position Support**: Trade up to 1000 positions simultaneously (pyramiding) ✅ **Single or Multi-Trend Mode**: Track one primary trend or multiple concurrent trends ✅ **Dollar-Based Position Sizing**: Risk fixed dollar amount per trade (not percentage of account) ✅ **Automatic Quantity Calculation**: Determines optimal contract size based on risk and stop distance ### Take Profit Methods (3 Options) #### 1. **Risk/Reward Ratio** (Recommended for Beginners) - Set desired R:R (default 1.5:1) - Simple, consistent profit targets - Works well in trending markets #### 2. **Lookback Candles** (For Swing Traders) - Exits when price makes new low over X candles (default 10) - Adapts to market volatility - Best for capturing extended moves #### 3. **Fibonacci Extensions** (For Advanced Traders) - Up to 4 profit targets: 61.8%, 100%, 131.2%, 161.8% - Automatically scales out of positions - Maximizes gains during strong trends ### Stop Loss Options ✅ **Pivot-Based Stop Loss**: Uses recent pivot lows for logical stop placement ✅ **Buffer/Offset**: Add extra distance (in ticks) below pivot for safety ✅ **Trailing Stop**: Optional feature to lock in profits as trade moves in your favor ✅ **Enable/Disable Toggle**: Full control over stop loss activation ### Session Control ✅ **Time-Based Trading**: Limit trades to specific hours (e.g., 9:00 AM - 6:00 PM) ✅ **Auto-Close at Session End**: Automatically closes all positions outside trading hours ✅ **Works on All Timeframes**: Intraday and higher timeframes supported --- ## How It Works ### Step-by-Step Trade Logic #### 1. **Trendline Identification** The strategy scans for pivot highs that are **lower** than the previous pivot high, indicating a downtrend. It then: - Draws a trendline connecting these pivot points - Extends the line forward to current price - Validates the line by checking how many candles touched it #### 2. **Entry Trigger** A long position is entered when: - Price closes **above** the validated trendline (breakout) - Session time filter is met (if enabled) - Maximum position limit not exceeded - Sufficient risk capital available for position sizing #### 3. **Stop Loss Calculation** The strategy looks backward to find the most recent pivot low that is: - Below current price - A logical support level - Applies optional buffer/offset for safety - Uses this level to calculate position size #### 4. **Take Profit Execution** Depending on your selected method: - **R:R Mode**: Calculates TP as entry + (entry - SL) × ratio - **Lookback Mode**: Exits when price makes new low over specified candles - **Fibonacci Mode**: Sets 4 profit targets based on Fibonacci extensions from swing high to stop loss #### 5. **Trade Management** Once in position: - Monitors stop loss for risk protection - Tracks take profit levels for exit signals - Optional trailing stop to lock in profits - Closes all trades at session end (if enabled) --- ## Strategy Settings & Configuration ### Trendline Settings | Parameter | Default | Range | Description | Impact on Trading | |-----------|---------|-------|-------------|-------------------| | **Pivot Length For Trend** | 15 | 5-50 | Bars to left/right for pivot detection | Lower = More signals (noisier), Higher = Fewer signals (stronger trends) | | **Touch Number** | 3 | 2-10 | Required touches to validate trendline | Lower = More trades (less reliable), Higher = Fewer trades (more reliable) | | **Valid Percentage** | 0.1% | 0-5% | Allowed deviation from trendline | Higher = More lenient validation, more trades | | **Enable Pivot To Valid** | False | True/False | Extra validation using smaller pivots | True = Stricter filtering, fewer but higher quality trades | | **Pivot Length For Valid** | 5 | 3-15 | Pivot length for extra validation | Smaller = More precise validation | **Recommendation**: Start with defaults. In choppy markets, increase touch number to 4-5. In strongly trending markets, reduce to 2. ### Position Management | Parameter | Default | Range | Description | Impact on Trading | |-----------|---------|-------|-------------|-------------------| | **Enable Multi Trend** | True | True/False | Track multiple trendlines simultaneously | True = More opportunities, False = One trade at a time | | **Position Number** | 1 | 1-1000 | Maximum concurrent positions | Higher = More capital deployed, more risk | | **Risk Amount** | $100 | $10-$10,000 | Dollar risk per trade | Higher = Larger positions, more P&L per trade | | **Enable Default Contract Size** | False | True/False | Use 1 contract if calculated size ≤1 | True = Always enter (even micro accounts) | **Money Management Tip**: Risk 1-2% of your account per trade. If you have $10,000, set Risk Amount to $100-$200. ### Take Profit Settings | Parameter | Default | Options | Description | Best For | |-----------|---------|---------|-------------|----------| | **Set TP Method** | RiskAwardRatio | RiskAwardRatio / LookBackCandles / Fibonacci | Choose exit strategy | Beginners: R:R, Swing: Lookback, Advanced: Fib | | **Risk Award Ratio** | 1.5 | 1.0-5.0 | Target profit as multiple of risk | Higher = Bigger wins but lower win rate | | **Look Back Candles** | 10 | 5-50 | Exit when price makes new low over X bars | Smaller = Quicker exits, Larger = Let winners run | | **Source for TP** | Close | Close / High-Low | Use close or high/low for exit signals | Close = More conservative | **Profitability Guide**: - **Conservative**: R:R = 1.5, Lookback = 10 - **Balanced**: R:R = 2.0, Lookback = 15 - **Aggressive**: R:R = 2.5, Fibonacci mode with 1.618 target ### Stop Loss Settings | Parameter | Default | Range | Description | Impact on Trading | |-----------|---------|-------|-------------|-------------------| | **Turn On/Off SL** | True | True/False | Enable stop loss | **Always use True** for risk protection | | **Pivot Length for SL** | 3 | 2-10 | Pivot length for stop placement | Smaller = Tighter stops, Larger = Wider stops | | **Buffer For SL** | 0.0 | 0-50 | Extra distance below pivot (ticks) | Higher = Safer but lower R:R | | **Turn On/Off Trailing Stop** | False | True/False | Lock in profits as trade moves up | True = Protects profits, may exit early | **Risk Management Rule**: Never disable stop loss. Use buffer in volatile markets (5-10 ticks). ### Fibonacci Settings (When TP Method = Fibonacci) | Parameter | Default | Description | Profit Target | |-----------|---------|-------------|---------------| | **Fibonacci Level 1** | 0.618 | First profit target | 61.8% of swing range | | **Fibonacci Level 2** | 1.0 | Second profit target | 100% of swing range | | **Fibonacci Level 3** | 1.312 | Third profit target | 131.2% extension | | **Fibonacci Level 4** | 1.618 | Fourth profit target | 161.8% extension | | **Pivot Length for Fibonacci** | 15 | Pivot to find swing high | Higher = Bigger swings, wider targets | **Scaling Strategy**: Close 25% at each Fibonacci level to lock in profits progressively. ### Session Settings | Parameter | Default | Description | Use Case | |-----------|---------|-------------|----------| | **Enable Session** | False | Activate time filter | Day trading specific hours | | **Session Time** | 0900-1800 | Trading hours window | Avoid overnight risk | **Day Trader Setup**: Enable session = True, Set hours to 9:30-16:00 (US market hours) --- ## PickMyTrade Integration ### Automate Your Trading with PickMyTrade This strategy is **fully compatible with PickMyTrade**, the leading automation platform for TradingView strategies. Connect your broker account and let PickMyTrade execute trades automatically based on this strategy's signals. ### Why Use PickMyTrade? ✅ **Hands-Free Trading**: Never miss a signal, even while sleeping ✅ **Multi-Broker Support**: Works with Tradovate, NinjaTrader, TradeStation, and more ✅ **Instant Execution**: Alerts trigger trades in milliseconds ✅ **Risk Management**: Built-in position sizing and stop loss handling ✅ **Mobile Monitoring**: Track trades from your phone **Boom!** Your strategy is now fully automated. Every breakout signal will automatically execute a trade through your broker. ### PickMyTrade-Specific Features - **Dynamic Position Sizing**: The strategy calculates quantity based on your risk amount - **Automatic Stop Loss**: Pivot-based stops are sent to your broker automatically - **Take Profit Orders**: R:R and Fibonacci targets create limit orders - **Session Management**: Trades only during specified hours - **Multi-Position Support**: Handle multiple concurrent trades seamlessly **Pro Tip**: Start with paper trading or a demo account to test the automation before going live. --- ## Advanced Features ### 1. Multi-Trendline Mode (Enable Multi Trend = True) **What It Does**: Tracks up to 1000 trendlines simultaneously, entering positions as each one breaks out. **Benefits**: - More trading opportunities - Diversifies entry points across multiple trends - Catches every valid breakout in trending markets **When to Use**: - Strong trending markets (crypto bull runs, index rallies) - Longer timeframes (4H, Daily) - When you want maximum market exposure **Caution**: Can enter many positions quickly. Set appropriate Position Number limit and Risk Amount. ### 2. Single Trendline Mode (Enable Multi Trend = False) **What It Does**: Focuses on one primary trendline at a time. **Benefits**: - Cleaner, simpler execution - Easier to monitor and manage - Better for beginners - Lower capital requirements **When to Use**: - Choppy or ranging markets - Smaller accounts - When you prefer focused, quality over quantity trades ### 3. Fibonacci Profit Scaling **How It Works**: 1. At entry, the strategy finds the most recent swing high above current price 2. Calculates the range from swing high to stop loss 3. Projects 4 Fibonacci extensions: 61.8%, 100%, 131.2%, 161.8% 4. Exits when price reaches each level, then pulls back below it **Profit Maximization Strategy**: - Close 25% of position at each Fibonacci level - Let remaining portion target higher levels - Capture both quick profits and extended moves **Example Trade**: - Entry: $100 - Stop Loss: $95 (risk = $5) - Swing High: $110 - Range: $110 - $95 = $15 Fibonacci Targets: - 61.8% = $95 + ($15 × 0.618) = $104.27 (+4.27%) - 100% = $95 + ($15 × 1.0) = $110 (+10%) - 131.2% = $95 + ($15 × 1.312) = $114.68 (+14.68%) - 161.8% = $95 + ($15 × 1.618) = $119.27 (+19.27%) **Result**: Even if only first two targets hit, you lock in +7% average gain vs. -5% risk = 1.4:1 R:R ### 4. Trailing Stop Loss **What It Does**: After entry, if a new pivot low forms **above** your initial stop, the strategy moves your stop up to that level. **Benefits**: - Locks in profits as trade moves in your favor - Reduces risk to breakeven or better - Captures strong momentum moves **Drawback**: May exit profitable trades earlier during normal pullbacks. **Best Practice**: Use in strongly trending markets. Disable in choppy conditions. ### 5. Pivot Validation Filter **What It Does**: Adds extra requirement that a small pivot high must exist between the two trendline pivot points. **Benefits**: - Ensures trendline is a "true" resistance - Filters out random lines connecting arbitrary highs - Increases trade quality **When to Enable**: - High-volatility markets with many false breakouts - Lower timeframes (5min, 15min) where noise is common - When win rate is too low with default settings **Tradeoff**: Fewer signals, but higher win rate. ### 6. Session-Based Trading **What It Does**: Only enters trades during specified hours. Auto-closes all positions outside session. **Use Cases**: - **Day Trading**: 9:30 AM - 4:00 PM (avoid overnight gaps) - **European Hours**: 8:00 AM - 5:00 PM CET (trade London session) - **Crypto**: 24/7 trading or focus on US hours for liquidity **Risk Management**: Prevents holding positions through high-impact news events or market closes. --- ## Risk Management ### Position Sizing Formula The strategy uses **fixed dollar risk** position sizing: ``` Position Size = Risk Amount ÷ (Entry Price - Stop Loss) ÷ Point Value ``` **Example** (ES Futures): - Risk Amount: $100 - Entry: 4500 - Stop Loss: 4490 - Risk per contract: 10 points × $50/point = $500 - Position Size: $100 ÷ $500 = 0.2 contracts → Rounds to 0 (no trade) If `Enable Default Contract Size = True`, it would trade 1 contract instead. ### Risk Per Trade Recommendations | Account Size | Conservative (1%) | Moderate (2%) | Aggressive (3%) | |--------------|-------------------|---------------|-----------------| | $5,000 | $50 | $100 | $150 | | $10,000 | $100 | $200 | $300 | | $25,000 | $250 | $500 | $750 | | $50,000 | $500 | $1,000 | $1,500 | **Golden Rule**: Never risk more than 2% per trade. Even with 10 losses in a row, you'd only be down 20%. ### Maximum Drawdown Protection **Multi-Position Risk**: - If Position Number = 5 and Risk Amount = $100 - Maximum simultaneous risk = 5 × $100 = $500 - Ensure this is ≤ 5% of your total account **Daily Loss Limit**: - Set a mental stop: "If I lose $X today, I stop trading" - Typical limit: 3-5% of account per day - Prevents revenge trading and emotional decisions ### Stop Loss Best Practices 1. **Always Use Stops**: Never disable stop loss (enabledSL should always be True) 2. **Buffer in Volatile Markets**: Add 5-10 tick buffer to avoid stop hunts 3. **Respect Your Stops**: Don't manually override or move stops further away 4. **Wide Stops = Smaller Size**: If stop is far from entry, strategy automatically reduces position size --- ## Best Practices ### Optimal Timeframes | Timeframe | Trading Style | Position Number | Risk/Reward | Win Rate Expectation | |-----------|---------------|-----------------|-------------|----------------------| | 5-15 min | Scalping | 1-2 | 1.5:1 | 50-55% | | 30 min - 1H | Intraday | 2-3 | 2:1 | 55-60% | | 4H | Swing Trading | 3-5 | 2.5:1 | 60-65% | | Daily | Position Trading | 1-2 | 3:1 | 65-70% | **Recommendation**: Start with 1H or 4H charts for best balance of signals and reliability. ### Ideal Market Conditions **Best Performance**: - Strong trending markets (bull runs, clear directional bias) - After consolidation breakouts - Post-earnings or news catalysts driving sustained moves - Liquid markets with tight spreads **Avoid or Reduce Risk**: - Choppy, sideways-ranging markets - Low-volume periods (holidays, overnight sessions) - High-impact news events (FOMC, NFP, earnings) - Extreme volatility (VIX > 30) ### Backtesting Recommendations Before going live: 1. **Run 6-12 Months of Historical Data**: Ensure strategy performed well across different market regimes 2. **Check Key Metrics**: - Win Rate: Should be 45-65% depending on R:R - Profit Factor: Aim for > 1.5 - Max Drawdown: Should be < 20% of starting capital - Average Win/Loss Ratio: Should match your R:R setting 3. **Stress Test**: Test during known volatile periods (March 2020, Jan 2022, etc.) 4. **Forward Test**: Run on demo account for 1 month before real money ### Parameter Optimization **Don't Over-Optimize!** Avoid curve-fitting to past data. Instead: 1. **Start with Defaults**: Use recommended settings first 2. **Change One Parameter at a Time**: Isolate what improves performance 3. **Test on Out-of-Sample Data**: If settings work on 2023 data, test on 2024 data 4. **Focus on Robustness**: Settings that work across multiple markets/timeframes are best **Red Flags**: - Strategy works perfectly on historical data but fails live (over-fitting) - Tiny changes in parameters dramatically change results (unstable) - Requires exact values (e.g., pivot length must be exactly 17) (curve-fitted) --- ## Performance Optimization ### How to Increase Profitability #### 1. Optimize Risk/Reward Ratio - **Current**: 1.5:1 (default) - **Test**: 2:1, 2.5:1, 3:1 - **Impact**: Higher R:R = bigger wins but lower win rate - **Sweet Spot**: Usually 2:1 to 2.5:1 for trend strategies #### 2. Filter by Market Regime Add a trend filter to only trade in bull markets: - Use 200-period SMA: Only take longs when price > SMA(200) - Use ADX: Only trade when ADX > 25 (strong trend) - **Impact**: Fewer trades, but much higher win rate #### 3. Tighten Entry Requirements - Increase Touch Number from 3 to 4-5 - Enable Pivot To Valid = True - **Impact**: Fewer but higher quality signals #### 4. Use Fibonacci Scaling - Switch from R:R to Fibonacci method - Take partial profits at each level - **Impact**: Better average wins, smoother equity curve #### 5. Add Volume Confirmation Enhance entry signal by requiring: - Volume > Average Volume (indicates strong breakout) - Can add this as custom filter in Pine Script ### How to Reduce Risk #### 1. Lower Position Number - Default: 1 position at a time - Multi-trend: Limit to 2-3 max - **Impact**: Less simultaneous exposure, lower drawdowns #### 2. Reduce Risk Amount - Start with $50 per trade (0.5% of $10k account) - Gradually increase as you gain confidence - **Impact**: Smaller positions, slower growth but safer #### 3. Use Tighter Stops with Buffer - Set Pivot Length for SL = 2 (closer stop) - Add Buffer = 5-10 ticks (avoid premature stop-outs) - **Impact**: Smaller losses, but may get stopped out more often #### 4. Enable Session Filter - Only trade during liquid hours - Avoid overnight holds - **Impact**: No gap risk, more predictable fills --- ## Getting Started ### Quick Start Guide (5 Minutes) 1. **Copy the Strategy Code** - Open the `.txt` file provided - Copy all code to clipboard 2. **Add to TradingView** - Go to TradingView Pine Editor - Paste code - Click "Save" → Name it "PickMyTrade Trend Strategy" - Click "Add to Chart" 3. **Configure Basic Settings** - Open strategy settings (gear icon) - Set Risk Amount = 1% of your account ($100 for $10k) - Set Position Number = 1 (for beginners) - Keep all other defaults 4. **Backtest on Your Market** - Choose your instrument (ES, NQ, AAPL, BTC, etc.) - Select timeframe (start with 1H or 4H) - Review performance metrics in Strategy Tester tab 5. **Optimize (Optional)** - Adjust Touch Number (2-5) to balance signals vs. quality - Try different TP methods (R:R vs. Fibonacci) - Test on multiple timeframes 6. **Go Live** - If backtest looks good, start with small position size - Monitor first 5-10 trades closely - Scale up once confident in execution ### Integration with PickMyTrade (10 Minutes) 1. **Sign Up for PickMyTrade** - Visit (pickmytrade.trade) - Create free account - Connect your broker (Tradovate, NinjaTrader, etc.) 2. **Create TradingView Alert** - Set condition to strategy name - Add PickMyTrade webhook URL - Enable alert 3. **Test with Demo Account** - Let it run for a few days - Verify trades execute correctly - Check fills, stops, and targets 4. **Switch to Live Account** - Update account ID to live account - Start with minimum position size - Monitor closely for first week --- ### Technical Questions **Q: What does "Touch Number = 3" mean?** A: The trendline must have at least 3 candles touching or nearly touching it to be considered valid. **Q: Why am I getting no trades?** A: Trendline requirements may be too strict. Try: - Reduce Touch Number to 2 - Increase Valid Percentage to 0.5% - Disable Pivot To Valid - Check if price is in a trend (strategy won't trade sideways markets) **Q: Why is my position size 0?** A: Risk Amount is too small for the stop distance. Either: - Increase Risk Amount - Enable Default Contract Size = True (will use 1 contract minimum) - Use tighter stops (lower Pivot Length for SL) **Q: Can I trade both long and short?** A: Current code is long-only. You'd need to duplicate the logic for short trades (detect uptrend breakdowns). **Q: How do I change from TradingView strategy to indicator?** A: Change line 5 from `strategy(...)` to `indicator(...)`. Replace `strategy.entry()` and `strategy.exit()` with `alert()` calls. ### Risk Management Questions **Q: What's the maximum drawdown I should expect?** A: Typically 10-20% depending on settings. If experiencing > 25%, reduce position size or tighten filters. **Q: Should I risk more to make more money?** A: No. Risking 2% vs. 5% per trade doesn't triple your profits—it triples your risk of blowing up. Stick to 1-2% per trade. **Q: What if I hit 5 losses in a row?** A: Normal. Even with 60% win rate, losing streaks happen. Don't increase position size to "win it back." Stick to your risk plan. **Q: Do I need to watch the screen all day?** A: No, especially with PickMyTrade automation. Check positions 1-2 times per day. Overtrading kills profits. --- ## Disclaimer **Important Risk Disclosure**: Trading futures, stocks, forex, and cryptocurrencies involves substantial risk of loss and is not suitable for all investors. Past performance is not indicative of future results. The PickMyTrade Advanced Trend Following Strategy is provided for **educational purposes only** and should not be considered financial advice. **Key Risks**: - You can lose more than your initial investment - Backtested results may not reflect live trading performance - Market conditions change; no strategy works forever - Automation errors can occur (connectivity, bugs, etc.) **Before Trading**: - Consult a licensed financial advisor - Fully understand the strategy logic - Test on demo account for at least 1 month - Only risk capital you can afford to lose - Start with minimum position sizes **PickMyTrade**: This strategy is compatible with PickMyTrade but is not officially endorsed by PickMyTrade. The author is not affiliated with PickMyTrade. For PickMyTrade support, visit their official website. **License**: This strategy is open-source under Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0). You may modify and share, but not for commercial use. --- **Ready to automate your trading with PickMyTrade? Add this strategy to your TradingView chart today and start capturing profitable trend breakouts on autopilot!**
กลยุทธ์ Pine Script®
โดย pickmytrade_io
WAVELAB MACDWAVELAB MACD Overview WAVELAB MACD is a dynamic technical tool designed to analyze MACD histogram behavior for identifying potential momentum inflection points and structural shifts in price action. Core Logic Tracks histogram momentum peaks and valleys to detect changes in acceleration. Compares recent price and histogram behavior to reveal both classical and hidden divergence structures. Applies optional trend validation filters using long-term exponential moving averages (EMA) and trend strength evaluation via ADX dynamics. Features MACD histogram pivot recognition Regular and hidden momentum divergence logic Optional EMA-based directional trend filter Optional ADX-based trend strength filter Signal grading system to contextualize the conditions (e.g., strong trend confirmation vs. weaker context) Use Case This indicator can support deeper technical analysis by highlighting moments where underlying momentum conditions shift, especially when aligned with trend confirmation filters.
อินดิเคเตอร์ Pine Script®
โดย DRYAMEN
ATR Trend + RSI Pullback Strategy [Profit-Focused]This strategy is designed to catch high-probability pullbacks during strong trends using a combination of ATR-based volatility filters, RSI exhaustion levels, and a trend-following entry model. Strategy Logic Rather than relying on lagging crossovers, this model waits for RSI to dip into oversold zones (below 40) while price remains above a long-term EMA (default: 200). This setup captures pullbacks in strong uptrends, allowing traders to enter early in a move while controlling risk dynamically. To avoid entries during low-volatility conditions or sideways price action, it applies a minimum ATR filter. The ATR also defines both the stop-loss and take-profit levels, allowing the model to adapt to changing market conditions. Exit logic includes: A take-profit at 3× the ATR distance A stop-loss at 1.5× the ATR distance An optional early exit if RSI crosses above 70, signaling overbought conditions Technical Details Trend Filter: 200 EMA – must be rising and price must be above it Entry Signal: RSI dips below 40 during an uptrend Volatility Filter: ATR must be above a user-defined minimum threshold Stop-Loss: 1.5× ATR below entry price Take-Profit: 3.0× ATR above entry price Exit on Overbought: RSI > 70 (optional early exit) Backtest Settings Initial Capital: $10,000 Position Sizing: 5% of equity per trade Slippage: 1 tick Commission: 0.075% per trade Trade Direction: Long only Timeframes Tested: 15m, 1H, and 30m on trending assets like BTCUSD, NAS100, ETHUSD This model is tuned for positive P&L across trending environments and volatile markets. Educational Use Only This strategy is for educational purposes only and should not be considered financial advice. Past performance does not guarantee future results. Always validate performance on multiple markets and timeframes before using it in live trading.
กลยุทธ์ Pine Script®
โดย AIScripts
2
Liquidity & inducementsHi all! This indicator will show liquidity and inducements. I will continue to try to add different types of liquidity and inducements, at this moment it contains 6 kinds of liquidity/inducement, they are: • Grabs • Big grabs • Sweeps • Turtle soups • Equal highs/lows (liquidity and inducement) • BSL & SSL And 1 type of inducement: • Retracement This description will contain indicator examples of each individual liquidity and inducement. They will all be with the default settings. Settings First you will find settings for the market structure (BOS/CHoCH/CHoCH+). Select left and right pivot lengths and if the pivots should have a label or not. This is the base foundation of this indicator and is possible with my library 'PriceAction' (). You will see solid lines for break of structures (BOS), change of characters (CHoCH) and change of character plus (CHoCH+). The pivots found will be the core of this indicator and will show you when the closing price breaks it. When that happens a break of structure (BOS) or a change of character (CHoCH or CHoCH+) will be created. The latest 5 pivots found within the current trend will be kept to take action on. A break of structure is removed if an earlier pivot within the same trend is broken and the pivot's high price for a bullish trend or low price for a bearish trend is more extreme than the BOS pivot's price. You are able to show the pivots that are used. "HH" (higher high), "HL" (higher low), "LH" (lower high), "LL" (lower low) and "H"/"L" (for pivots (high/low) when the trend has changed) are the labels used. In the next section ('Liquidity ($$$)') you can select which types of liquidity you want to see. Note that 'Equal highs/lows' can also show inducement (more on that later). In the section afterwards ('Inducement (IDM)') you can select if you want retracement inducements to be visible or not. More information on what they are later on. The section for each individual liquidity and/or inducement can first contain a line named 'Pivot', where you can set the pivot lengths (first left, then right). Then you can set the 'Lookback', which means that the 'Lookback' number of past pivots is to take action on. After that you set the 'Timeframe' for the pivots used. That means that all available liquidity/inducements will be from your desired timeframe. Lastly you set the color of the liquidity/inducement (either a single color or bullish followed by bearish colors). Lastly in the settings you can select the font sizes for the market structure and liquidity/inducements and what style liquidity/inducements lines will have. The sizes defaults to 7 and has a dotted line look. Grabs Liquidity grabs and liquidity sweeps are very similar. It all depends on if the current bar closed above/below the liquidity pivot and on if its a continuation or reversal. In a liquidity grab the bar that's above or below the liquidity pivot was not closed above or below it. Like this: Or The visual feedback will be a dotted line between the liquidity pivot and liquidity grab bar and a linefill between the high of the liquidity grab bar and the liquidity pivot. Indicator example: Big grabs This is another 'grabs' option. You can show an additional grab if you want to. I suggest having this grab from a higher timeframe or with larger pivot lengths than the other grab. The default is with the chart timeframe and 10/10 as pivot lengths. Indicator example: Sweeps A liquidity sweep is like a liquidity grab but with the difference that price closes above/below and has a continuation instead of a reversal. If the liquidity pivot was at the same bar as a BOS/CHoCH/CHoCH+ it will not be a liquidity grab but a structural break instead. They can look like this: Indicator example; Turtle soups If only one candle is beyond the pivot it could be a liquidity grab. It's a grab if price didn't close beyond the liquidity pivot, if so it's invaliditet. Turtle soups are basically false breakouts that takes liquidity (is a false breakout from a pivot with the lengths and timeframe from the settings). The turtle soup can have a confirmation in the terms of a change of character (CHoCH). You can enable this in the settings section for 'Turtle soups' through the 'Confirmation' checkbox (enabled by default). The turtle soup strategy usually comes with some sort of confirmation, in this case a CHoCH, but it can also be a market structure shift (MSS) or a change in state of delivery (CISD). The addition of turtle soups is possible through my script 'Turtle soup' (). The drawing will be a dotted line between the liquidity pivot and the last bar of the false breakout and a box from the start of the false breakout to the end of it. Indicator example: Equal highs/lows Equal highs/lows will always show liquidity, but might also show inducement. Inducement will be shown on equal lows if the trend is bullish and on equal highs if it's bearish, like this: Or Equal highs can only be created if the second pivot is lower than the first one. Equal lows can only be created if the second pivot is higher than the first one. If that is not the case it could be a liquidity grab. When equal highs or equal lows are find that produces inducement (equal lows in a bullish trend and equal highs in a bearish trend), the indicator will first display inducement and will show liquidity once traders are induced to enter the security. Stop loss placement, for liquidity, is 0.1 * the average true range (ATR, of length 14). They will look like this: Only inducement: Inducement and liquidity: Indicator example: Equal highs/lows inducements can not be triggered after a BOS/CHoCH/CHoCH+. They are cleared upon a structural break. BSL & SSL Buyside liquidity (BSL) and sellside liquidity (SSL) will be shown. A pivot that's been mitigated (touched by price) can never be BSL or SSL. The BSL/SSL available will be dynamic while price moves (work in Replay and lower timeframes that moves fast) and pick the latest pivot/s (with left and right lengths from the 'Market structure' section). You can define how many BSL/SSL you want to see with a default value of 1, meaning only 1 BSL and 1 SSL can be shown. If there is no unmitigated high (BSL) or low (SSL), no BSL/SSL will be available to show. If there are BSL/SSL available they're very useful to use as targets for entering a trade. The will look like this when available; And without BSL available: Or And without SSL available: Note that the examples without BSL/SSL available could have liquidity available from previous price legs. This can be an example of a BSL/SSL sequence: First both buyside and sellside liquidity is available: Then a new low appears and new sellside liquidity is available: Then buyside liquidity is mitigated, so only sellside liquidity is available: A new high pivot appears and buyside liquidity is available again: Lastly a bearish CHoCH happens and sellside liquidity is mitigated, only buyside liquidity is available: Retracement The first retracement after a BOS/CHoCH/CHoCH+ is considered an inducement with the mission to get traders into a trade prematurely to get stopped out. This level is shown and look like this: Or A retracement inducement is removed when a new BOS/CHoCH/CHoCH+ appears and it's not triggered. --------------------------- As of now there aren't any alerts available. You cannot use the Pine Screener from Tradingview either to see new liquidity/inducement events. I have this planned for future updates though. I hope that this long description makes sense, let me know otherwise! Also let me know if you experience any bugs or have a feature request or just want to share good settings to use. Best of trading luck!
อินดิเคเตอร์ Pine Script®
โดย mickes
6
Bitcoin AHR999 Indicator AHR999 Indicator The AHR999 Indicator is created by a Weibo user named ahr999. It assists Bitcoin investors in making investment decisions based on a timing strategy. This indicator implies the short-term returns of Bitcoin accumulation and the deviation of Bitcoin price from its expected valuation. When the AHR999 index is < 0.45 , it indicates a buying opportunity at a low price. When the AHR999 index is between 0.45 and 1.2 , it is suitable for regular investment. When the AHR999 index is > 1.2 , it suggests that the coin price is relatively high and not suitable for trading. In the long term, Bitcoin price exhibits a positive correlation with block height. By utilizing the advantage of regular investment, users can control their short-term investment costs, keeping them mostly below the Bitcoin price.
อินดิเคเตอร์ Pine Script®
โดย CryptoNE0
W%R Cycle Swings - MTF Trend📄 English Description Overview The W%R Cycle Swings – MTF Trend indicator is a market-structure tool built on top of Williams %R cycle logic. It detects meaningful swing highs and lows from W%R behavior, then uses those swings to locate the first Market Structure Shift (MSS-first) and track multi-timeframe trend bias + cancel levels. This is not a random mashup of indicators: all components are derived from one core concept—W%R cycles—and are combined into a single, coherent framework for reading structure and trend across timeframes. Core Concepts 1. Williams %R Cycle Swings (Current Timeframe) Instead of using price swings based only on highs/lows, this script uses Williams %R behavior to define swing points: Swing High pattern: OS → OB → OS Swing Low pattern: OB → OS → OB The script: Tracks overbought/oversold states using user-defined levels. Builds a zone for each potential swing (accumulating the extremums during the OB/OS phase). Confirms a swing only when the opposite state appears again. Plots labels on the chart: Swing High label above price Swing Low label below price Optional price display on the label (toggle in settings). This makes the swing points cycle-based rather than purely bar-based. 2. MSS-first (Market Structure Shift on Current TF) Once swings are defined, the script looks for the first break of the most recent swing: Bullish MSS-first: price breaks above the last confirmed swing high. Bearish MSS-first: price breaks below the last confirmed swing low. You can choose whether to confirm by close or by wick (mssByClose input). When an MSS-first is detected: A colored label (bullish/bearish) is drawn at the relevant swing level. A horizontal line is drawn from the swing bar to the MSS bar to visually connect the structure break. Internal trendBias is updated to Up or Down, preventing duplicate MSS labels in the same direction. This gives a clear, visual definition of when the structure actually shifted based on W%R-driven swings. 3. MTF MSS-first Trend & Cancel Logic The same MSS-first concept is applied inside a function and called via request.security() on multiple timeframes (5m, 15m, 30m, 1h, 4h). For each timeframe, the function: Recalculates W%R swings with the same parameters. Detects MSS-first events (bullish or bearish). Tracks a trend state: 1 → Up trend -1 → Down trend 0 → Unknown / Neutral Maintains a cancel level, which represents the price that would invalidate the current trend: In an uptrend, cancel is typically the last relevant swing low. In a downtrend, cancel is typically the last relevant swing high. This provides: Trend direction per TF (Up / Down / -) A concrete price level that acts as a structural “stop” or invalidation level. 4. MTF Trend Table (Visual Overview) If enabled, a compact table is displayed on the chart (position configurable): Columns: 5m, 15m, 30m, 1h, 4h Rows: Trend → shows Up, Down or -, with color-coded background. Cancel → shows the current cancel price for that timeframe. This creates a multi-timeframe structure dashboard that tells you: Which timeframes are currently in an Up or Down MSS-based trend. At which price the current structural view would be canceled. 5. Alert Conditions The script includes alert conditions for: Current timeframe MSS-first: Bullish MSS-first (structure break up). Bearish MSS-first (structure break down). MTF MSS-first events for: 5m, 15m, 30m, 1h, 4h (Bullish & Bearish separately). This allows you to receive notifications when a fresh structural shift happens on any of the tracked timeframes. How to Use Use Swing High / Swing Low labels to understand the current W%R cycle structure on your main timeframe. Watch for MSS-first labels to catch the first break of structure after a swing completes. Use the MTF Trend table: Trade in the direction of higher-timeframe trends. Use cancel levels as logical invalidation areas or structural stop guides. Combine the current timeframe swings with MTF bias: Example: look for long setups when H1/H4 show Up trend and price forms new bullish MSS on lower TF. The tool is suitable for both intraday and swing trading, on any symbol and timeframe. Why This Script Is Original It links cycle-based swings from Williams %R directly to MSS-first detection, rather than using generic pivot logic. It combines: W%R-driven swing definition, MSS-first structural breaks, Multi-timeframe trend state, Cancel (invalidation) levels, Alerts for MSS events on multiple TFs, into a single, coherent market-structure framework. The MTF table is not a generic dashboard: it is specifically built around this W%R-MSS-first structural model, which gives traders both trend context and exact invalidation prices. 🇹🇭 Thai Description — คำอธิบายภาษาไทย ภาพรวม อินดิเคเตอร์ W%R Cycle Swings – MTF Trend เป็นเครื่องมืออ่านโครงสร้างราคา โดยใช้ “วงจรของ Williams %R” เป็นหลักในการหา Swing High / Swing Low แล้วใช้จุด Swing เหล่านั้นมาหา MSS-first (จุดเปลี่ยนโครงสร้างครั้งแรก) จากนั้นต่อยอดไปสู่ การดูแนวโน้มหลายกรอบเวลา + ระดับ Cancel (จุดที่โครงสร้างจะถูกมองว่าพัง) แนวคิดหลัก Swing จาก Williams %R (TF ปัจจุบัน) ใช้รูปแบบ OS → OB → OS เพื่อยืนยัน Swing High และ OB → OS → OB เพื่อยืนยัน Swing Low เมื่อยืนยันแล้วจะสร้าง Label “Swing High / Swing Low” บนกราฟ และสามารถแสดงราคาบนป้ายได้ ทำให้จุด Swing มีพื้นฐานจาก “Cycle ของ W%R” ไม่ใช่แค่ high/low เฉย ๆ MSS-first บน TF ปัจจุบัน ถ้าราคาทะลุ Swing High ล่าสุด → มองเป็น Bullish MSS-first ถ้าราคาทะลุ Swing Low ล่าสุด → มองเป็น Bearish MSS-first เลือกได้ว่าจะยืนยันจาก Close หรือจาก ไส้แท่งเทียน วาดป้าย MSS + เส้นเชื่อมจาก Swing ไปยังจุดที่เกิด MSS มีตัวแปร trendBias ป้องกันไม่ให้ยิง MSS ซ้ำในทิศทางเดิมจนรก MTF MSS-first + Cancel Logic นำ Logic เดียวกันไปใช้กับ TF: 5m, 15m, 30m, 1h, 4h สำหรับแต่ละ TF จะได้: สถานะแนวโน้ม: Up / Down / Unknown ระดับ Cancel: ราคาที่ถ้าหลุดจะถือว่าโครงสร้างเทรนด์นั้นถูก “ยกเลิก” เช่น ในเทรนด์ขาขึ้น ระดับ Cancel มักมาจาก Swing Low ล่าสุด ฯลฯ MTF Table บนกราฟ แสดง Trend + Cancel ของ 5 TF ในรูปแบบตาราง อ่านง่าย: แถว Trend เป็น Up/Down พร้อมสีพื้น, แถว Cancel เป็นตัวเลขราคา ใช้ดูภาพรวมโครงสร้างหลาย TF ในมุมมองเดียว Alert Conditions แจ้งเตือน MSS-first ของ TF ปัจจุบัน แจ้งเตือน MSS-first ของ TF 5m / 15m / 30m / 1h / 4h แยก Bull / Bear วิธีใช้งาน ใช้ Swing High / Swing Low เพื่อดูว่าโครงสร้าง cycle ปัจจุบันอยู่ตรงไหน รอให้เกิด MSS-first เพื่อมองว่า “โครงสร้างราคาเริ่มกลับตัวแล้ว” ใช้ Table MTF: ดูว่า TF ไหนเป็น Up / Down ใช้ราคาบรรทัด Cancel เป็นแนว “จุดตัดขาดทุนเชิงโครงสร้าง” หรือจุดเปลี่ยนมุมมอง เทรดตามทิศทาง TF ใหญ่ แล้วหา Entry จาก MSS ของ TF เล็ก จุดเด่น / ความเป็น Original ใช้ Williams %R เป็นฐานในการสร้าง Swing Pattern แทนการใช้ Pivot ธรรมดา เชื่อม W%R Swing เข้ากับแนวคิด MSS-first อย่างเป็นระบบ มีทั้ง: ป้าย Swing ป้าย MSS + เส้นเชื่อม MTF Trend + Cancel Alert เตือน MSS ในหลาย TF อยู่ในสคริปต์เดียว เหมาะกับคนที่ต้องการอ่านโครงสร้างราคาแบบมีที่มาที่ไป ไม่ใช่แค่ตามอินดี้ตัวเดียวครับ ✅
อินดิเคเตอร์ Pine Script®
โดย August_Supertrader
20 Day Range High/Low (Turtle Soup)This indicator identifies the Highest High and Lowest Low of the last 20 periods (customizable) and projects horizontal support/resistance lines to the right. Unlike standard Donchian Channels or other High/Low indicators that clutter the chart with historical "steps" or extend lines infinitely to the left, this script focuses on chart cleanliness. Key Features: Pivot-Point Start: The lines do not span the whole chart. They start exactly at the candle where the High or Low occurred. Right Extension: Lines extend only to the future, providing a clear visual for potential breakouts or support levels. No Historical Clutter: It does not draw the past movement of the High/Low, keeping your chart clean for price action analysis. Dynamic: As new Highs or Lows are made, the lines instantly update to the new positions. How to Use: Trend Identification: Use the High line as a resistance/breakout level (similar to Turtle Trading strategies). Stop Loss Placement: The Low line of the last 20 days often acts as a trailing stop location for long-term trends. Timeframes: While designed for the classic "20-Day" lookback on the Daily chart, this script works on any timeframe (e.g., finding the 20-hour range on a 1H chart). Settings: Length: Default is 20 bars. You can change this in the settings to any lookback period you prefer (e.g., 50, 100).
อินดิเคเตอร์ Pine Script®
โดย mastertrader2873
XAUUSD Recovery for FamilyXAUUSD Recovery for Family is a trend-tracking tool based on a stepped 109-period EMA. It highlights market direction using automatic color changes and background shading. How It Works A modified 109-period EMA is used to detect trend bias The line only updates in steps after a fixed number of bars (MA Step = 33) Background color changes when trend direction shifts Alerts notify the trader when price crosses above or below the trend line What It Shows 🟢 Green chart background = bullish bias 🔴 Red chart background = bearish bias 📢 Alert signals are generated when the price crosses the stepped EMA What It Does NOT Do ❌ It does not execute trades automatically ❌ It does not guarantee profit or accuracy ❌ It does not repaint signals Important Notes This is a trend visualization tool only Always combine with proper risk management and confirmation tools Past performance is not a guarantee of future results This script is for educational and research purposes
อินดิเคเตอร์ Pine Script®
โดย cupra_inc
Bollinger Bands Regression Forecast [BigBeluga]🔵 OVERVIEW The Bollinger Bands Regression Forecast combines volatility envelopes from Bollinger Bands with a linear regression-based projection model . It visualizes both current and future price zones by extrapolating the Bollinger channel forward in time, giving traders a statistical forecast of probable support and resistance behavior. 🔵 CONCEPTS Classic Bollinger Bands use a moving average (basis) and standard deviation (deviation) to form dynamic envelopes around price. This indicator enhances them with linear regression slope detection , allowing it to forecast how the band may expand or contract in the future. Regression is applied to both the band’s basis and deviation components to predict their trajectory for a user-defined number of Forecast Bars . The resulting forecast creates a smoothed, funnel-shaped projection that dynamically adapts to volatility. ▲ and ▼ markers highlight potential mean reversion points when price crosses the outer bounds of the bands. 🔵 FEATURES Forecast Engine : Uses linear regression to project Bollinger Band movement into the future. Dynamic Channel Width : Adapts standard deviation and slope for realistic volatility modeling. Auto-Labeled Levels : Displays live upper and lower forecast values for quick reference. Cross Signals : Marks potential overbought and oversold zones with ▲/▼ signals when price exits the band. Trend-Adaptive Basis Color : Basis line automatically switches color to represent short-term trend direction. Customizable Colors and Widths for complete visual control. 🔵 HOW TO USE Apply the indicator to visualize both current Bollinger structure and its forward projection. Use ▲/▼ breakout markers to identify short-term reversals or volatility shifts. When price consistently rides the upper band forecast, the trend is strong and likely continuing. When regression shows narrowing bands ahead, expect a volatility contraction or consolidation period. For range traders, outer projected bands can be used as potential mean reversion entry points . Combine with volume or momentum filters to confirm whether breakouts are genuine or fading. 🔵 CONCLUSION Bollinger Bands Regression Forecast transforms classic Bollinger analysis into a predictive forecasting model . By merging volatility dynamics with regression-based extrapolation, it provides traders with a forward-looking visualization of likely price boundaries — revealing not only where volatility is but also where it’s heading next.
อินดิเคเตอร์ Pine Script®
โดย BigBeluga
12
Smoothed VWAP Bands + EMAsSmoothed VWAP bands With my script, you take the raw standard deviation and apply an EMA (exponential moving Advantages: 1. Less noise: * The bands don’t jump around with every tiny price spike. * Makes it easier to judge real price extremes. 2. Better zone visualization: * Inner and outer bands are smoother and more visually “stable.” * Easier to see meaningful trends, support/resistance, and breakout zones. 3. Fewer fakeouts: * Traders can filter out small false signals because smoothed bands only move when volatility actually changes. 4. Dynamic to volatility: * EMA smoothing keeps the bands adaptive: * In quiet periods, bands tighten. * In volatile periods, bands expand. * But it avoids extreme jitter caused by every micro-move. Safe Zone Rules 1. Long entries (green zone): * Price above VWAP (trend bullish). * Price inside inner band ±1σ (not touching outer extremes). * Optional: candle close confirmation (price fully above inner band). 2. Short entries (red zone): * Price below VWAP (trend bearish). * Price inside inner band ±1σ. * Optional: candle close confirmation. 3. Outer bands (±2σ): * Considered overextended zones → avoid entries to reduce fakeouts. 4. Visual cues: * Safe zones shaded lightly green/red inside inner band. * Outer bands remain unshaded (for context). Here’s a cheat sheet for trading the Smoothed VWAP Bands + EMAs that shows safe entry zones and trend alignment clearly. Smoothed VWAP Bands + EMAs Cheat Sheet Price Action Relative to Bands & EMAs +2σ (Outer Upper Band) ---------------- Extreme volatility zone Avoid entries here +1σ (Inner Upper Band) ---------------- Safe zone limit for longs Consider profit taking here VWAP Line (Green = Bullish, Red = Bearish) ================== Core trend indicator Only trade in VWAP trend direction -1σ (Inner Lower Band) ---------------- Safe zone limit for shorts Good for entries in trend direction -2σ (Outer Lower Band) ---------------- Extreme volatility zone Avoid entries here 1️⃣ Trend Direction with VWAP & EMAs * VWAP → shows the overall session trend. * Price above VWAP → bullish * Price below VWAP → bearish * EMA 5 (blue) → short-term momentum * EMA 20 (orange) → medium-term trend Rule: Only take trades in the direction of the trend: * Long trades → price > VWAP and EMA 5 > EMA 20 * Short trades → price < VWAP and EMA 5 < EMA 20 This prevents chasing trades against the trend and reduces fakeouts. 2️⃣ Entry Zones Using Smoothed VWAP Bands * Inner band (±1σ) → “safe entry zone” * Outer band (±2σ) → volatility extremes → avoid entries here Rule: Enter longs inside the inner band above VWAP and shorts inside the inner band below VWAP. Best used on intraday timeframes. 15, 5, 2, 1 min charts.
อินดิเคเตอร์ Pine Script®
โดย Simon20cent
1
TrendX Amila Bro TrendX Fib + RSI Divergence is a modern trend-following + confluence-based trading tool designed to reduce false signals and improve accuracy. It combines EMA crossover , RSI momentum , Fibonacci retracement zones , and RSI divergence to provide high-quality BUY/SELL signals. --- 🔥 Core Features ### ✅ 1. Trend Detection (EMA 9/21 by default)] The script identifies trend shifts using fast and slow EMAs. * BUY when Fast EMA crosses above Slow EMA + RSI confirmation * SELL when Fast EMA crosses below Slow EMA + RSI confirmation These are the Base Signals — always shown. --- ### ✅ 2. Fibonacci Confluence Filter (Optional) Signals become stronger when price pulls back into key Fib zones: * 0.5 retracement * 0.618 golden ratio This helps avoid chasing late entries and improves accuracy in trend pullbacks. --- ### ✅ 3. RSI Divergence Filter (Optional) Detects both: * Bullish Divergence → BUY * Bearish Divergence → SELL When divergence agrees with EMA trend shift, a Filtered BUY+/SELL+ signal is shown. --- ### ✅ 4. Two Types of Signals ✔ BUY / SELL Base signals from EMA + RSI (appears even if filters are OFF) ✔ BUY+ / SELL+ Strong signals using * EMA Trend * RSI Confirmation * Fibonacci Confluence * RSI Divergence These are rare but extremely high-probability entries. --- ### ✅ 5. Visual Elements * EMAs * Fibonacci 50% & 61.8% levels * Divergence markers * BUY / SELL arrows * BUY+ / SELL+ arrows for filtered confluence entries --- ### ✅ 6. Alerts Included You can set TradingView alerts for: * BUY+ (strong long signal) * SELL+ (strong short signal) Great for mobile/Telegram alerts. --- ## 🎯 How Traders Use This * Scalping (1m, 5m) * Intraday (15m, 30m, 1H) * Swing trading (4H, 1D) Works on **Forex, Crypto, Indices, Metals, Stocks**. --- ## ⚠️ Disclaimer No indicator guarantees 100% accuracy. Always combine with proper risk management and market context. --- ## ⭐ Ideal For: * Trend traders * Pullback traders * Divergence traders * Anyone wanting cleaner, filtered BUY/SELL signals ---
อินดิเคเตอร์ Pine Script®
โดย Amila_Bro
Multi-Timeframe Pivot ZonesThis indicator plots dynamic support and resistance levels from higher timeframes onto your current chart. It calculates the high, low, midpoint, and quartile (25%, 75%) levels from up to four different higher timeframes, projecting them forward as potential reaction zones. 🔍 **KEY FEATURES:** • **Multi-Timeframe Analysis:** View key levels from 4 different timeframes simultaneously • **Smart Visibility:** Levels only appear on timeframes equal to or lower than their source • **Customizable Styles:** Choose colors, line widths, and styles (solid, dashed, dotted) for each timeframe • **Projected Zones:** Levels extend into the future to show potential support/resistance areas ⚙ **HOW TO USE:** 1. Enable/disable timeframes in the settings 2. Set each timeframe to match your trading strategy (e.g., 1H, 4H, D, W) 3. Watch for price reactions at these levels for entry/exit signals 4. Use the quartile levels (25%, 75%) as secondary support/resistance areas The indicator helps traders identify confluence areas where multiple timeframes align, increasing the significance of potential reversal or breakout points.
อินดิเคเตอร์ Pine Script®
โดย zacromancer
Previous Day Levels @darshaksscThis indicator provides intraday traders and analysts with immediate visual reference to the previous day's high, low, and close. These historical price levels are frequently watched by market participants for potential reaction, context, and session structure. How to Add the Indicator: Open any chart on TradingView. Click the Indicators button at the top. Search for “Previous Day Levels @darshakssc” in the Public Library. Click the ★ Favorite icon if you wish to save it for quick access in the future. Click the indicator’s name to add it to your chart. The lines and labels will appear automatically on any intraday timeframe. What You Will See: Previous day’s High (red line and label: “Previous High”). Previous day’s Low (green line and label: “Previous Low”). Previous day’s Close (blue line and label: “Previous Close”). These are drawn automatically at each new session and remain visible throughout today’s trading. Usage: Use these levels as reference points for context, risk placement, or understanding shifts in session structure. Watch for price interactions, rejections, or consolidations around these lines—they often act as support/resistance for many trading strategies. No signals or trade advice are provided by this tool. All decisions are made manually by the trader. Features: Persistent, color-coded horizontal lines and clear, small labels. No alerts, buy/sell arrows, or any indication of trading performance. Fully automated for each new session—no action required from the user after adding. Disclaimer: This indicator is intended for informational and charting purposes only. It is not financial advice or a buy/sell recommendation. Always perform your own due diligence before making trading decisions.
อินดิเคเตอร์ Pine Script®
โดย darshakssc
Bitcoin & Ethereum Profitable Crypto Investor – FREE EditionBitcoin & Ethereum Profitable Crypto Investor – FREE Edition by RustyTradingScripts This is the free, simplified edition of my long-term crypto trend-following strategy designed for Bitcoin, Ethereum, and other major assets. It provides an accessible introduction to the core concepts behind the full version while remaining easy to use, transparent, and beginner-friendly. This FREE edition focuses on a single technical component: a 102-period Simple Moving Average trend model. When price moves above the SMA, the script considers it a potential long trend environment. When the slope begins to turn down, the strategy exits the position. This creates a straightforward, rules-based framework for identifying trend shifts without emotional or discretionary decision-making. The goal of this simplified version is to help users understand how a structured trend approach behaves during different market conditions. It demonstrates how using a slow, objective indicator can reduce noise and provide clearer long-term directional context on higher timeframes such as the 10-hour BTC chart shown in the backtest example. What This FREE Version Includes - Trend-based entries using a 102-period SMA - Automatic exits when the SMA slope turns down - Clean visual plot of the moving average - No repainting — signals are based on confirmed bar data - Works on BTC, ETH, and other major crypto assets - User-adjustable SMA length for customization What’s Not Included in This Version: This edition intentionally focuses on the essential trend logic only. It does NOT include the following components found in the full investor strategy: - Linear regression smoothing - Seasonal filters - Price-extension filtering - Volume-based protection - Partial stop-loss and partial take-profit systems - Cooldown logic after profitable trades - RSI-based extended exits - Multi-layered trade management modules The purpose of this free version is to provide a clear, functional introduction to the underlying trend concept without the advanced filters and risk-management features that are part of the complete system. How to Use It Apply the script to your preferred asset and timeframe (commonly higher timeframes such as 4H, 8H, 10H, 12H, or 1D). The script will enter long positions when the market is trading above the SMA and exit when the slope of the average begins to point downward. Users may adjust the SMA length to match their preferred level of responsiveness. Important Notes This script is for educational and analytical purposes. Historical results are not guarantees of future performance. Always practice proper risk management and perform your own testing. This script does not repaint. This FREE version is meant as a helpful starting point for those exploring long-term crypto trend strategies. If you find it useful and wish to explore more advanced tools, feel free to reach out for additional information.
กลยุทธ์ Pine Script®
โดย RustyTradingScripts
ORB w/ FVG Retest and Engulfing v001Opening Range Breakout with FVG Retest and Engulfing Indicator v001 Visual indicator implementing the "First Candle Rule" - shows entry signals for opening range breakouts with Fair Value Gap confirmation. HOW IT WORKS: 1. Identifies first 5-minute candle at exchange open and marks high/low as key levels 2. Displays opening range lines (green high, red low) 3. Shows Fair Value Gap boxes when price breaks through levels 4. Displays entry labels when FVG retest and engulfing confirmation occur FEATURES: ✓ Exchange-specific opening times (NYSE, NASDAQ, AMEX, TSX, LSE, ASX, Custom) ✓ Automatic opening range calculation ✓ FVG detection with visual boxes ✓ Entry signal labels at confirmation points ✓ Customizable FVG display options ✓ Toggle entry label visibility Best used on 1-minute chart. Green FVG boxes = long opportunities, Red FVG boxes = short opportunities. Wait for entry labels to appear before considering trades.
อินดิเคเตอร์ Pine Script®
โดย papajustocks
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