Multi-Symbol Volume Increase Screener [CHE] MultiSymbol Volume Increase Screener
Designed for TradingView
Presented by Chervolino
Introduction
Welcome to the presentation of the MultiSymbol Volume Increase Screener—a powerful tool designed to enhance your trading strategy on TradingView. Developed at the request of jscott143, this screener provides traders with realtime insights into significant volume movements across multiple symbols, enabling more informed and timely trading decisions.
Purpose and Objectives
Identify HighVolume Opportunities: Detect symbols experiencing a significant increase in volume compared to their historical average.
Monitor Multiple Symbols Simultaneously: Efficiently track up to five symbols in one view.
RealTime Alerts: Receive instant notifications when predefined volume conditions are met.
Comprehensive Overview: Display volume data and percentage increases in an organized table for easy analysis.
Key Features
1. MultiSymbol Monitoring
Track up to five different symbols simultaneously.
Customize the list of symbols based on your trading portfolio.
2. Volume Analysis
Compare current candle volume against the average volume over a specified period.
Calculate and display the percentage increase in volume.
3. RealTime Alerts
Set a volume increase multiplier (e.g., 1.5x) to trigger alerts.
Receive alerts via email, popup, or SMS when conditions are met.
4. UserFriendly Table Display
View symbols, their current volume, and percentage increase in a clear, concise table.
Colorcoded indicators highlight significant volume changes.
5. Customizable Parameters
Adjust the average volume period to suit different trading strategies.
Set your preferred volume increase multiplier for alerts.
How It Works
1. User Inputs:
Symbols Selection: Choose up to five symbols you wish to monitor.
Average Volume Period: Define the number of bars over which the average volume is calculated (default is 20).
Volume Increase Multiplier: Set the threshold for volume increase to trigger alerts (default is 1.5x).
2. Volume Calculation:
The screener fetches the current volume and calculates the simple moving average (SMA) of volume over the defined period for each symbol.
It then determines if the current volume exceeds the average volume by the specified multiplier.
3. Data Display:
A table is generated on the chart displaying each symbol, its current volume, and the percentage increase.
Green text indicates that the volume increase condition has been met.
4. Alert Generation:
When a symbol's current volume surpasses the average volume by the set multiplier, an alert is triggered.
Alerts are customizable and can be set to notify you through various channels.
Benefits
Enhanced DecisionMaking: Quickly identify highvolume trading opportunities across multiple assets.
Time Efficiency: Monitor several symbols without the need to switch between charts.
Proactive Trading: Stay informed with realtime alerts, allowing for timely trading actions.
Customization: Tailor the screener settings to align with your unique trading strategies and preferences.
Setup Instructions
1. Add the Screener to TradingView:
Navigate to TradingView and open the Pine Editor.
Add the MultiSymbol Volume Increase Screener indicator to your chart.
Save and apply the indicator.
2. Configure User Inputs:
Select up to five symbols you wish to monitor in the input fields "Symbol 1" to "Symbol 5".
Adjust the "Average Volume Period" and "Volume Increase Multiplier" as needed.
3. Set Up Alerts:
Click on the Alarm icon (🔔) in the TradingView toolbar.
In the "Condition" dropdown, select the "MultiSymbol Volume Increase Screener".
Choose the specific alert condition for each symbol (e.g., "Volume Increase Alert for Symbol 1").
Configure the alert actions (e.g., email, popup, SMS) and click "Create".
Repeat this process for each symbol you wish to monitor.
Visual Demonstration
Table Display Example:
| Symbol | Volume | % Increase |
| AAPL | 150,000 | 50.00% |
| MSFT | 120,000 | 20.00% |
| GOOGL | 180,000 | 80.00% |
| AMZN | 130,000 | 30.00% |
| TSLA | 160,000 | 60.00% |
Green Text: Indicates that the volume increase condition has been met for that symbol.
Alert Notification Example:
```
🚀 Symbol 1 shows a volume increase!
```
Note: Replace "Symbol 1" with the actual symbol as per your configuration.
Customization Options
Increase the Number of Symbols:
While the current screener monitors five symbols, it can be extended to monitor more by adding additional input fields and corresponding calculations. However, be mindful of TradingView's Pine Script limitations and potential performance impacts.
Adjust Volume Period and Multiplier:
Tailor the "Average Volume Period" and "Volume Increase Multiplier" to align with your specific trading strategies and market conditions.
Enhance Table Information:
Incorporate additional data points such as current price, price change percentage, or other technical indicators to enrich your analysis.
Benefits of Using the Screener
Efficiency: Saves time by providing a consolidated view of multiple symbols' volume activity.
Proactive Trading: Enables you to act swiftly on significant volume movements, which often precede price changes.
DataDriven Decisions: Facilitates informed trading decisions based on realtime volume analysis.
Customization: Offers flexibility to adapt the screener to various trading styles and preferences.
Conclusion
The MultiSymbol Volume Increase Screener is an invaluable tool for traders looking to capitalize on significant volume movements across multiple assets. Developed at the request of jscott143, this screener integrates seamlessly with TradingView, providing realtime insights and alerts to enhance your trading strategy.
Q&A
Feel free to ask any questions or request further customization to better suit your trading needs.
Contact Information
Created for: jscott143
Thank you for your attention!
Candlestick analysis
PERFECT PIVOT RANGE DR ABIRAM SIVPRASAD (PPR)PERFECT PIVOT RANGE (PPR) by Dr. Abhiram Sivprasad
The Perfect Pivot Range (PPR) indicator is designed to provide traders with a comprehensive view of key support and resistance levels based on pivot points across different timeframes. This versatile tool allows users to visualize daily, weekly, and monthly pivots along with high and low levels from previous periods, helping traders identify potential areas of price reversals or breakouts.
Features:
Multi-Timeframe Pivots:
Daily, weekly, and monthly pivot levels (Pivot Point, Support 1 & 2, Resistance 1 & 2).
Helps traders understand price levels across various timeframes, from short-term (daily) to long-term (monthly).
Previous High-Low Levels:
Displays the previous week, month, and day high-low levels to highlight key zones of historical support and resistance.
Traders can easily see areas of price action from prior periods, giving context for future price movements.
Customizable Options:
Users can choose which pivot levels and high-lows to display, allowing for flexibility based on trading preferences.
Visual settings can be toggled on and off to suit different trading strategies and timeframes.
Real-Time Data:
All pivot points and levels are dynamically calculated based on real-time price data, ensuring accurate and up-to-date information for decision-making.
How to Use:
Pivot Points: Use daily, weekly, or monthly pivot points to find potential support or resistance levels. Prices above the pivot suggest bullish sentiment, while prices below indicate bearishness.
Previous High-Low: The high-low levels from previous days, weeks, or months can serve as critical zones where price may reverse or break through, indicating potential trade entries or exits.
Confluence: When pivot points or high-low levels overlap across multiple timeframes, they become even stronger levels of support or resistance.
This indicator is suitable for all types of traders (scalpers, swing traders, and long-term investors) looking to enhance their technical analysis and make more informed trading decisions.
Here are three detailed trading strategies for using the Perfect Pivot Range (PPR) indicator for options, stocks, and commodities:
1. Options Buying Strategy with PPR Indicator
Strategy: Buying Call and Put Options Based on Pivot Breakouts
Objective: To capitalize on sharp price movements when key pivot levels are breached, leading to high returns with limited risk in options trading.
Timeframe: 15-minute to 1-hour chart for intraday option trading.
Steps:
Identify the Key Levels:
Use weekly pivots for intraday trading, as they provide more significant levels for options.
Enable the "Previous Week High-Low" to gauge support and resistance from the previous week.
Call Option Setup (Bullish Breakout):
Condition: If the price breaks above the weekly pivot point (PP) with high momentum (indicated by a strong bullish candle), it signifies potential bullishness.
Action: Buy Call Options at the breakout of the weekly pivot.
Confirmation: Check if the price is sustaining above the pivot with a minimum of 1-2 candles (depending on timeframe) and the first resistance (R1) isn’t too far away.
Target: The first resistance (R1) or previous week’s high can be your target for exiting the trade.
Stop-Loss: Set a stop-loss just below the pivot point (PP) to limit risk.
Put Option Setup (Bearish Breakdown):
Condition: If the price breaks below the weekly pivot (PP) with strong bearish momentum, it’s a signal to expect a downward move.
Action: Buy Put Options on a breakdown below the weekly pivot.
Confirmation: Ensure that the price is closing below the pivot, and check for declining volumes or bearish candles.
Target: The first support (S1) or the previous week’s low.
Stop-Loss: Place the stop-loss just above the pivot point (PP).
Example:
Let’s say the weekly pivot point (PP) is at 1500, the price breaks above and sustains at 1510. You buy a Call Option with a strike price near 1500, and the target will be the first resistance (R1) at 1530.
2. Stock Trading Strategy with PPR Indicator
Strategy: Swing Trading Using Pivot Points and Previous High-Low Levels
Objective: To capture mid-term stock price movements using pivot points and historical high-low levels for better trade entries and exits.
Timeframe: 1-day or 4-hour chart for swing trading.
Steps:
Identify the Trend:
Start by determining the overall trend of the stock using the weekly pivots. If the price is consistently above the pivot point (PP), the trend is bullish; if below, the trend is bearish.
Buy Setup (Bullish Trend Reversal):
Condition: When the stock bounces off the weekly pivot point (PP) or previous week’s low, it signals a bullish reversal.
Action: Enter a long position near the pivot or previous week’s low.
Confirmation: Look for a bullish candle pattern or increasing volumes.
Target: Set your first target at the first resistance (R1) or the previous week’s high.
Stop-Loss: Place your stop-loss just below the previous week’s low or support (S1).
Sell Setup (Bearish Trend Reversal):
Condition: When the price hits the weekly resistance (R1) or previous week’s high and starts to reverse downwards, it’s an opportunity to short-sell the stock.
Action: Enter a short position near the resistance.
Confirmation: Watch for bearish candle patterns or decreasing volume at the resistance.
Target: Your first target would be the weekly pivot point (PP), with the second target as the previous week’s low.
Stop-Loss: Set a stop-loss just above the resistance (R1).
Use Previous High-Low Levels:
The previous week’s high and low are key levels where price reversals often occur, so use them as reference points for potential entry and exit.
Example:
Stock XYZ is trading at 200. The previous week’s low is 195, and it bounces off that level. You enter a long position with a target of 210 (previous week’s high) and place a stop-loss at 193.
3. Commodity Trading Strategy with PPR Indicator
Strategy: Trend Continuation and Reversal in Commodities
Objective: To capitalize on the strong trends in commodities by using pivot points as key support and resistance levels for trend continuation and reversal.
Timeframe: 1-hour to 4-hour charts for commodities like Gold, Crude Oil, Silver, etc.
Steps:
Identify the Trend:
Use monthly pivots for long-term commodities trading since commodities often follow macroeconomic trends.
The monthly pivot point (PP) will give an idea of the long-term trend direction.
Trend Continuation Setup (Bullish Commodity):
Condition: If the price is consistently trading above the monthly pivot and pulling back towards the pivot without breaking below it, it indicates a bullish continuation.
Action: Enter a long position when the price tests the monthly pivot (PP) and starts moving up again.
Confirmation: Look for a strong bullish candle or an increase in volume to confirm the continuation.
Target: The first resistance (R1) or previous month’s high.
Stop-Loss: Place the stop-loss below the monthly pivot (PP).
Trend Reversal Setup (Bearish Commodity):
Condition: When the price reverses from the monthly resistance (R1) or previous month’s high, it’s a signal for a bearish reversal.
Action: Enter a short position at the resistance level.
Confirmation: Watch for bearish candle patterns or decreasing volumes at the resistance.
Target: Set your first target as the monthly pivot (PP) or the first support (S1).
Stop-Loss: Stop-loss should be placed just above the resistance level.
Using Previous High-Low for Swing Trades:
The previous month’s high and low are important in commodities. They often act as barriers to price movement, so traders should look for breakouts or reversals near these levels.
Example:
Gold is trading at $1800, with a monthly pivot at $1780 and the previous month’s high at $1830. If the price pulls back to $1780 and starts moving up again, you enter a long trade with a target of $1830, placing your stop-loss below $1770.
Key Points Across All Strategies:
Multiple Timeframes: Always use a combination of timeframes for confirmation. For example, a daily chart may show a bullish setup, but the weekly pivot levels can provide a larger trend context.
Volume: Volume is key in confirming the strength of price movement. Always confirm breakouts or reversals with rising or declining volume.
Risk Management: Set tight stop-loss levels just below support or above resistance to minimize risk and lock in profits at pivot points.
Each of these strategies leverages the powerful pivot and high-low levels provided by the PPR indicator to give traders clear entry, exit, and risk management points across different markets
Heikin Ashi & Swing Highs/LowsHeikin Ashi & Swing Highs/Lows
Indicator Description:
The "Heikin Ashi & Swing Highs/Lows" indicator combines Heikin Ashi candle analysis with the identification of significant swing highs and lows on the chart. This indicator is useful for traders looking to spot trend changes and key points in the market.
Key Features:
Heikin Ashi:
Calculation and Visualization: Utilizes the Heikin Ashi method to smooth out the candlestick chart, helping to visualize trends and reduce market noise. Heikin Ashi candles are calculated from the standard candles (Open, High, Low, Close) and are displayed on the chart with a green color for bullish signals and red for bearish signals.
Vertical Offset Adjustment: Provides options to adjust the vertical offset of the candles based on the selected timeframe, with specific adjustments for short, medium, long, and super-long periods.
Swing Highs/Lows:
Key Point Identification: Marks significant swing highs and lows on the chart using a configurable period. Swing highs are displayed in red and swing lows in green.
Candlestick Patterns: Detects and labels common candlestick patterns such as:
Hammer: A bullish candlestick pattern with a small body and a long lower wick.
Inverted Hammer: Similar to the Hammer, but with a long upper wick.
Bullish Engulfing: A two-candle pattern where a bullish candle completely engulfs a previous bearish candle.
Hanging Man: A bearish pattern with a small body and a long lower wick, appearing at the end of an uptrend.
Shooting Star: A bearish pattern with a small body and a long upper wick, appearing at the end of an uptrend.
Bearish Engulfing: A two-candle pattern where a bearish candle completely engulfs a previous bullish candle.
Settings:
Timeframe: Allows you to select the desired timeframe to adjust the Heikin Ashi candle analysis.
Vertical Offset: Customize the vertical offset of Heikin Ashi candles based on the selected timeframe.
Swing Point Style: Configure the colors of the significant swing highs and lows on the chart.
Recommended Use:
This indicator is ideal for traders looking for a clear representation of trends through Heikin Ashi candles and who want to identify key reversal points in the market by detecting swing highs/lows and candlestick patterns.
Benefits:
Facilitates the identification of smooth trends and trend reversals.
Provides a clear visual representation of critical market points.
Helps traders recognize important candlestick patterns that may indicate changes in market direction.
Chronos Trend Level Oracle (CTLO)The Chronos Trend Level Oracle (CTLO) is a powerful technical analysis tool designed to identify significant trend levels that can act as support and resistance, helping traders navigate market trends and potential reversal points.
Key Components:
Setup Identification:
Bullish Setup: 9 consecutive closes lower than the close 4 bars earlier.
Bearish Setup: 9 consecutive closes higher than the close 4 bars earlier.
CTLO Support Level:
Established when a Bullish Setup completes.
Represents the lowest low of the CTLO Period (default 9 bars) preceding the Setup completion.
CTLO Resistance Level:
Established when a Bearish Setup completes.
Represents the highest high of the CTLO Period (default 9 bars) preceding the Setup completion.
Level Persistence:
A CTLO level remains active until an opposite Setup completes.
When a new Setup completes, it clears the opposite level.
Visual Representation:
Support levels are displayed as green circles.
Resistance levels are displayed as red circles.
Both use translucency for better chart visibility.
How to Use the CTLO:
Trend Identification:
The presence of a CTLO Support level suggests an underlying bullish trend.
The presence of a CTLO Resistance level suggests an underlying bearish trend.
The absence of either level indicates a possible trend transition or consolidation.
Support and Resistance:
Use CTLO levels as potential support (green) or resistance (red) areas.
These levels often act as price reaction points where bounces or rejections may occur.
Breakouts and Breakdowns:
A decisive close above a CTLO Resistance level could signal a bullish breakout.
A decisive close below a CTLO Support level could signal a bearish breakdown.
Use the optional alerts to be notified of these events.
Trend Continuation:
Price respecting a CTLO Support level can be seen as bullish, suggesting potential long entries.
Price respecting a CTLO Resistance level can be seen as bearish, suggesting potential short entries.
Reversal Anticipation:
As price approaches a CTLO level, watch for signs of reversal (e.g., candlestick patterns, divergences).
Failed breakouts/breakdowns at CTLO levels can lead to strong moves in the opposite direction.
Multiple Timeframe Analysis:
Apply CTLO on different timeframes for a more comprehensive market view.
Higher timeframe CTLO levels often carry more significance.
Combine with Price Action:
Look for candlestick patterns or chart formations near CTLO levels for higher probability setups.
Double tops/bottoms or other reversal patterns at CTLO levels can be particularly significant.
Risk Management:
Use CTLO levels to set stop-loss orders or profit targets.
For breakout trades, consider using the CTLO level as a new stop-loss after the breakout occurs.
Chronos Sequential Compass (CSC)The Chronos Sequential Compass (CSC) is an advanced technical analysis tool used to identify potential price exhaustion points, trend reversals, and provide a framework for understanding market structure.
Key Components:
Setup Phase:
Bullish Setup: 9 consecutive closes lower than the close 4 bars earlier.
Bearish Setup: 9 consecutive closes higher than the close 4 bars earlier.
Visualized by green (bullish) or red (bearish) triangles on the chart.
Countdown Phase:
Starts after a Setup is completed.
Counts from 1 to 13(D), comparing the close to the low (for bullish) or high (for bearish) two bars earlier.
Displayed as numbers below (bullish) or above (bearish) the price bars.
Setups:
A Setup is complete when the low of bars 6 and 7 in a bullish Setup are exceeded by the low of bar 9.
For bearish Setups, the high of bars 6 and 7 must be exceeded by the high of bar 9.
Risk Levels:
Established when a Countdown reaches 13(D).
Acts as a reference point for potential trend reversals.
Countdown Delayed:
Indicated by a '+' symbol.
Occurs when a Countdown reaches 13(D) but doesn't meet specific criteria for completion.
Recycling:
Resets the Countdown if a strong opposite trend emerges during the Countdown phase.
How to Use the CSC:
Trend Identification:
Consecutive Setups in one direction indicate a strong trend.
Look for potential trend exhaustion when Setups start appearing in the opposite direction.
Potential Reversal Points:
Pay attention when a Countdown reaches 13, especially if it coincides with other technical factors (support/resistance, chart patterns, etc.).
A completed Countdown doesn't guarantee a reversal but suggests increased probability.
Risk Management:
Use Risk Levels as potential stop-loss points or profit-taking levels.
Be cautious of trades against the trend when price is far from the Risk Level.
Confluence with Price Action:
Look for candlestick patterns or chart formations at key Sequential levels for higher probability setups.
Timeframe Coordination:
Consider using CSC on multiple timeframes for a more comprehensive market view.
Higher timeframe signals often carry more weight.
Delayed Countdowns:
A delayed Countdown (indicated by '+') suggests the trend might continue.
It can provide opportunities for trend continuation trades.
Setup:
Setups often provide stronger signals and may lead to more significant moves.
Reversals should occur within 4 bars of setup signals
Completed Countdowns:
Reversals should occur within 12 bars of completed countdowns
Candle Closing Strength Indicator (CCS)This indicator measures and displays the closing strength of each candle relative to its range.
It assigns a value from 0 to 100, where
- 0 indicates a close at the candle's low,
- 100 indicates a close at the high, and
- 50 represents a close at the midpoint.
The strength is shown as a number on each candle, color-coded green for values 50 and above (bullish) and red for values below 50 (bearish). This visual representation helps traders quickly assess the strength and direction of price movements across different timeframes.
This is only the price action strength. Further strength can be verified with volume.
Strategy Framework: 37 Strategies Unified with RM & PS BTCEURStrategy Framework: 37 Strategies Unified with Risk Management and Position Sizing
This comprehensive framework integrates over 37 independent strategies into a single, powerful trading system. Each strategy contributes its unique market perspective, culminating in a holistic decision-making process. The framework is further enhanced with sophisticated risk management and position sizing techniques.
Key Strategies Include:
• Moving average analysis
• Market structure evaluation
• Percentage rank calculations
• Sine wave correlation
• Fourier Frequency Transform (FFT) for signal composition analysis
• Bayesian statistical methods
• Seasonality patterns
• Signal-to-noise ratio assessment
• Horizontal & Indecision levels identification
• Trendlines and channels recognition
• Various oscillator-based strategies
• Open interest analysis
• Volume and volatility measurements
This diverse array of strategies provides a multi-faceted view of the asset, offering a clear and comprehensive understanding of market dynamics.
Optimization and Implementation:
• Each strategy is designed for easy optimization, with a maximum of 4 parameters.
• All strategies produce consistent signal types, which are aggregated for final market direction decisions.
• Individual optimization of each strategy is performed using the Zorro Platform, a professional C++ based tool.
• All strategies are tested to work by themselves with Walk-Forward back testing
• Strategies that don't enhance market regime definition are excluded, ensuring efficiency.
Two-Tiered Approach:
1. Market Regime Identification: The combined output of all strategies determines the market regime, visually represented by a color-coded cloud.
2. Trade Execution: Based on the identified regime, the system applies different entry and exit rules, employing trend-following in bull markets and mean reversion in bear markets.
This framework is optimized for cryptocurrencies, including BTC and ETH and others, offering a robust solution for trading in these volatile markets.
The color of the cloud encodes the market regime as determined by the 37 strategies, guiding the application of distinct trading rules for bull and bear markets.
This invitation-only TradingView script represents a culmination of extensive research and optimization, designed to provide serious traders with a powerful tool for navigating the complex cryptocurrency markets.
The strategy comes pre-configured with optimized parameters by default, so there's no need to make any adjustments. However, it’s important to use the timeframes and exchanges selected on screen . Also, a Premium account with 20.000 bars is needed since since starting points are important for the parameter optimizations. If you have any questions or concerns about the strategy, feel free to reach out.
For automation, I recommend using a tool like Autoview . The strategy is fully compatible with automated trading; you just need to select your exchange and set the maximum order size you're comfortable trading.
Free Month for Testing:
You are eligible for a free one-month trial to test the strategy before committing. This allows you to fully explore its capabilities without any immediate cost.
________________________________________
Important Information:
This is a premium script with access granted on an invite-only basis.
To request access or if you have further questions, please send me a direct message. There is a free month allowance for testing purposes.
Please note that this script involves complex calculations, and on rare occasions, you may encounter an error message from TradingView stating, "Calculation Takes Too Long." This is usually due to a temporary issue with server resources. If this happens, simply modify any parameter of the indicator and revert it back—this should resolve the issue.
________________________________________
General Disclaimer:
Trading stocks, futures, Forex, options, ETFs, cryptocurrencies, or any other financial instrument involves significant risks and rewards. You must be fully aware of the risks involved and be willing to accept them before participating in these markets.
Do not trade with money you cannot afford to lose. This communication is not a solicitation or an offer to buy or sell any financial instrument.
No guarantees are made regarding potential profits or losses from any account. Past performance of any trading strategy or methodology is not necessarily indicative of future results.
Morning Star Pattern### Purpose and Use of the Output
- **Identifying Bullish Reversal**: The Morning Star pattern is a bullish reversal signal that traders look for at the end of a downtrend. When this pattern appears, it suggests that the market may be shifting from bearish to bullish sentiment.
- **Trading Decisions**: Traders can use this indicator to make informed decisions about entering long positions. The appearance of the Morning Star pattern may prompt traders to buy, anticipating a price increase.
- **Visual Representation**: The plotted shape on the chart provides a visual cue for traders, making it easier to spot potential trading opportunities without having to analyze each candle manually.
### Conclusion
This Pine Script code is a useful tool for traders who want to automate the detection of the Morning Star candlestick pattern on their charts. By visually marking this pattern, traders can quickly identify potential bullish reversal points and make more informed trading decisions.
ICT Indicator with Paper TradingThe strategy implemented in the provided Pine Script is based on **ICT (Inner Circle Trader)** concepts, particularly focusing on **order blocks** to identify key levels for potential reversals or continuations in the market. Below is a detailed description of the strategy:
### 1. **Order Block Concept**
- **Order blocks** are price levels where large institutional orders accumulate, often leading to a reversal or continuation of price movement.
- In this strategy, **order blocks** are identified when:
- The high of the current bar crosses above the high of the previous bar (for bullish order blocks).
- The low of the current bar crosses below the low of the previous bar (for bearish order blocks).
### 2. **Buy and Sell Signal Generation**
The core of the strategy revolves around identifying the **breakout** of order blocks, which is interpreted as a signal to either enter or exit trades:
- **Buy Signal**:
- Generated when the closing price crosses **above** the last identified bullish order block (i.e., the highest point during the last upward crossover of highs).
- This signals a potential upward trend, and the strategy enters a long position.
- **Sell Signal**:
- Generated when the closing price crosses **below** the last identified bearish order block (i.e., the lowest point during the last downward crossover of lows).
- This signals a potential downward trend, and the strategy exits any open long positions.
### 3. **Strategy Execution**
The strategy is executed using the `strategy.entry()` and `strategy.close()` functions:
- **Enter Long Positions**: When a buy signal is generated, the strategy opens a long position (buying).
- **Exit Positions**: When a sell signal is generated, the strategy closes the long position.
### 4. **Visual Indicators on the Chart**
To make the strategy easier to follow visually, buy and sell signals are marked directly on the chart:
- **Buy signals** are indicated with a green upward-facing triangle above the bar where the signal occurred.
- **Sell signals** are indicated with a red downward-facing triangle below the bar where the signal occurred.
### 5. **Key Elements of the Strategy**
- **Trend Continuation and Reversals**: This strategy is attempting to capture trends based on the breakout of important price levels (order blocks). When the price breaks above or below a significant order block, it is expected that the market will continue in that direction.
- **Order Block Strength**: Order blocks are considered strong areas where price action could reverse or accelerate, based on how institutional investors place large orders.
### 6. **Paper Trading**
This script uses **paper trading** to simulate trades without actual money being involved. This allows users to backtest the strategy, seeing how it would have performed in historical market conditions.
### 7. **Basic Strategy Flow**
1. **Order Block Identification**: The script constantly monitors price movements to detect bullish and bearish order blocks.
2. **Buy Signal**: If the closing price crosses above the last order block high, the strategy interprets it as a sign of bullish momentum and enters a long position.
3. **Sell Signal**: If the closing price crosses below the last order block low, it signals a bearish momentum, and the strategy closes the long position.
4. **Visual Representation**: Buy and sell signals are displayed on the chart for easy identification.
### **Advantages of the Strategy:**
- **Simple and Clear Rules**: The strategy is based on clearly defined rules for identifying order blocks and trade signals.
- **Effective for Trend Following**: By focusing on breakouts of order blocks, this strategy attempts to capture strong trends in the market.
- **Visual Aids**: The plot of buy/sell signals helps traders to quickly see where trades would have been placed.
### **Limitations:**
- **No Shorting**: This strategy only enters long positions (buying). It does not account for shorting opportunities.
- **No Risk Management**: There are no built-in stop losses, trailing stops, or profit targets, which could expose the strategy to large losses during adverse market conditions.
- **Whipsaws in Range Markets**: The strategy could produce false signals in sideways or choppy markets, where breakouts are short-lived and prices quickly reverse.
### **Overall Strategy Objective:**
The goal of the strategy is to enter into long positions when the price breaks above a significant order block, and exit when it breaks below. The strategy is designed for trend-following, with the assumption that price will continue in the direction of the breakout.
Let me know if you'd like to enhance or modify this strategy further!
KINGThis indicator generates buy and sell signals based on specific candle patterns involving the size of the candle's body and wicks. A buy signal is triggered when a large bearish candle (body twice the size of its wicks) is followed by a bullish candle with a long lower wick (twice the size of its body and upper wick), and the close is above the low of the bearish candle, while the low of the current candle is lower. A sell signal occurs when a large bullish candle is followed by a candle with a long upper wick, and the close is below the high of the bullish candle, while the high of the current candle is higher. The indicator includes a reset mechanism to avoid premature signals when large candles with contradicting patterns appear.
Large Candle Detector (6-Candle Comparison)This indicator identifies large price candles that are bigger than the previous six candles, helping traders spot potential breakout or reversal signals. By highlighting significant candles compared to recent price action, it provides insights into key moments of increased volatility or momentum shifts in the market.
BTC Arcturus IndicatorBTC Arcturus Indicator: This indicator is designed to create buy and sell signals based on the market value of Bitcoin. It also predicts potential market tops with the Pi Cycle Top indicator.
How Does It Work?
1. MVRVZ (Market Value to Realized Value-Z Score) Calculation:
MC: Bitcoin's market cap (Market Cap) is pulled daily from Glassnode data.
MCR: Realized Market Cap of Bitcoin is taken daily from Coinmetrics data.
MVRVZ: It is calculated by dividing the difference between Bitcoin's market value and realized market value by one standard deviation. This value indicates whether the market is overvalued or undervalued.
2. Reception and Warning Signals:
Buy Signal: When MVRVZ falls below the -0.255 threshold value, the indicator gives a "Buy" signal. This indicates that Bitcoin is undervalued and may be a buying opportunity.
Warning Signal: A warning signal turns on when MVRVZ exceeds the threshold value of 2.765. This indicates that the market is approaching saturation and caution is warranted.
3. Tracking the Highest MVRVZ Value:
The indicator records the highest MVRVZ value in the last 10 candlesticks. This value is used to determine whether the market has reached its highest risk levels.
4. Warning Display:
If the MVRVZ value matches the highest value in the last 10 bars and this warning has not been displayed before, a "Warning" signal is displayed.
Once the warning signal is shown, no further warnings are shown for 10 candles.
5. Pi Cycle Top Indicator:
Pi Cycle Top: This indicator predicts Bitcoin tops by comparing two moving averages (350-day and 111-day). If the short-term moving average falls below the long-term moving average, this is considered a sell signal.
The indicator displays this signal with the label "Sell", indicating a potential market top.
User Guide:
Green Buy Signal: It means Bitcoin is cheap and offers a buying opportunity.
Yellow Warning Signal: Indicates that Bitcoin has reached possible profit taking points and caution should be exercised.
Red Sell Signal: Indicates that Bitcoin has reached market saturation and it may be appropriate to sell.
Decoding the Volume of candlesThe indicator is designed for traders who are more interested in market structures and price action using volumes. Volume analysis can help traders build a clearer understanding of zones of buyer and seller interest, as well as liquidity gathering points (traders' stop levels).
Key Features:
The indicator visualizes on the chart the volumes selected according to the trader's chosen settings.
The indicator highlights candle volumes in selected colors, where the volume is greater individually than the volumes of the trader's chosen number of preceding candles. Or the volume that is greater than the sum of volumes of the trader's chosen number of preceding candles.
The indicator mark selected volumes on the chart based on the type of candle. The candle type (1, 2, or 3) is determined by its result (close) relative to other candles.
Volume marked for a type 3 candle draws the trader’s attention to the lack of results from the applied volume compared to the previous candle, indicating potential weakness of the candle’s owner. This is especially important in buyer or seller context areas.
Volume marked for a type 2 candle highlights the presence of results from the applied volume but only relative to the previous candle. In buyer or seller context areas, this can signal weakness of the candle’s owner.
Volume marked for a type 1 candle signals a strong result from the applied volume, indicating potential strength of the candle’s owner.
The marking of volumes can be displayed either on the main chart or on the volume chart, depending on the trader's preference. Colors and symbols for marking can be customized on the Style tab.
Volumes can be filtered on both the volume chart and the main chart according to their marking. This feature can be useful, for example, for traders who don’t work with signs of buyer or seller weakness. In such cases, they can filter out volumes only for type 1 candles.
Good luck exploring the impact of volumes on price behavior!
Grandfather-Father-Son RSI Buy Indicator-only for daily TFGrandfather-Father-Son RSI Buy and Sell Indicator
This script identifies buy and sell opportunities by combining RSI values across multiple timeframes to capture market trends and reversals. The "Grandfather-Father-Son" concept breaks down RSI analysis into three key timeframes:
Grandfather (Monthly): Represents the long-term trend, helping to filter trades that align with the overall market direction.
Father (Weekly): Provides intermediate-term momentum, confirming market conditions before signaling entry or exit points.
Son (Daily): Tracks short-term corrections and movements to pinpoint precise buy and sell opportunities.
Key Features:
Buy Signal: A buy signal is triggered when:
Monthly RSI (Grandfather) and Weekly RSI (Father) are both above 70.
Daily RSI (Son) is between 40 and 45, signaling a potential market pullback before resuming the upward trend.
The indicator checks for alignment across these timeframes to generate a reliable buy signal.
Sell Signal: A sell signal occurs when the Daily RSI (Son) crosses above 70, indicating a potential overbought condition.
Multi-Timeframe Analysis: The script pulls data from higher timeframes (monthly and weekly) to ensure that signals reflect larger market trends rather than short-term fluctuations.
Instructions:
Optimal Timeframe: This script works best on the Daily timeframe, as it uses Monthly and Weekly RSI for trend confirmation. The indicator will display a warning if applied to other timeframes to ensure it is used optimally.
Trend Alignment: The strategy ensures that buy signals are triggered only when there is a strong uptrend in both the Grandfather (Monthly) and Father (Weekly) RSI, while sell signals are based on potential overbought conditions in the Son (Daily) RSI.
Limitations:
Timeframe Dependency: Signals are based on higher timeframe data (Weekly and Monthly), which may only update at the close of those respective time periods. Therefore, it is designed to work in real-time but will be most reliable when trading in alignment with these longer-term trends.
Replay Mode: The script has been optimized to function correctly during live market conditions, with no reliance on future data (no lookahead). This ensures signals appear accurately during both backtesting and live trading.
Disclaimer:
This script is for educational purposes and should be used with caution. Always backtest before using in live trading and adjust parameters to fit your trading strategy and risk management plan.
Custom Date CVDThis indicator allows setting a custom date for the beginning of cumulative volume delta calculations.
Why is it important? CVD shows aggressiveness of buyers and sellers. And in order for a bull run to sustain you need aggressive buyers hitting the ask. If the price goes up, but CVD goes down - unlikely this bull trend will last long.
You might want to choose a recent top or bottom as the start point and check whether the aggressiveness of market participants corresponds to the price movement since that peak. For example on the chart above we can see that the price was going up and down, but the aggressiveness clearly points down. Does it mean that we will have a long bear market? No. It means that until the aggressiveness starts pointing up we should not expect a bull market. It might happen tomorrow, or might happen in a month. Nobody knows. But until it starts happening - don't expect the real bull.
Additionally, candles where the aggressiveness went the opposite direction from the price are marked with a blue dot above them.
Note: the smaller the custom time frame of the indicator - the more correct the results are. However, the drawback is that shorter the lookback period will be. The actual length will depend on your subscription level and the number of subcandles of the selected instrument.
EMA14 Second Time BUY/SELL AlertsEMA14 Crossover Strategy with Conditional BUY/SELL Alerts
This powerful script provides dynamic BUY and SELL alerts based on the interaction between price action and the EMA14 (Exponential Moving Average 14). Ideal for traders looking to capitalize on trend reversals and breakout patterns, this indicator helps you time entries and exits with precision.
Key Features:
Second-Time Crossover Alerts: The script tracks when the price crosses the EMA14 for the second time. This adds confirmation to price movements and helps filter out false signals.
Conditional BUY/SELL Alerts:
BUY Alert: Triggered when the price closes above the EMA14 after a previous SELL signal, indicating a potential trend reversal or breakout to the upside.
SELL Alert: Triggered when the price closes below the EMA14 after a previous BUY signal, signaling a possible shift to the downside.
Advanced Crossover Tracking:
The script counts each crossover of the price relative to the EMA14, generating a BUY or SELL signal on the second instance to provide additional confirmation of trend strength.
Visual Alerts: Labels are plotted directly on the chart to highlight when a BUY or SELL signal has occurred, providing immediate visual feedback for traders to react in real-time.
How It Works:
The script combines the simplicity of EMA14 with enhanced logic that tracks both crossovers and closes relative to the moving average. This ensures that the signals are based not only on quick movements but also on price confirmation, reducing noise and false breakouts.
This script is perfect for traders who rely on moving average strategies and want additional filtering to confirm trends and optimize trade timing.
Charan_Trading_IndicatorCharan_Trading_Indicator Overview:
The Charan_Trading_Indicator combines several technical analysis tools, including Bollinger Bands, RSI (Relative Strength Index), VWAP (Volume-Weighted Average Price), and ATR (Average True Range), to provide buy and sell signals. The script incorporates multiple strategies, such as crack snap setups, overbought/oversold levels, and trend continuation indicators, all tailored for precise market entry and exit points.
Key Components:
RSI (Relative Strength Index):
The indicator uses RSI to detect overbought (RSI > 70) and oversold (RSI < 30) market conditions.
Alerts are triggered when prices are within the specified buy/sell range and RSI crosses these thresholds.
Bollinger Bands:
Bollinger Bands are calculated based on a configurable moving average and standard deviation.
The script identifies potential buy signals when the price dips below the lower Bollinger Band and recovers, and sell signals when the price exceeds the upper Bollinger Band and retraces.
Crack Snap Strategies:
The indicator incorporates multiple variations of the crack snap strategy:
Buy Signals: Triggered when price opens below the lower Bollinger Band and closes above it, alongside certain conditions in previous candles.
Sell Signals: Triggered when price opens above the upper Bollinger Band and closes below it, with similar candle patterns.
Variations such as 3-candle (3C) and 4-candle (4C) versions refine the crack snap setups for more robust signals.
Isolated Candle Conditions:
The indicator tracks isolated candles, where the entire candle lies above or below the Bollinger Bands, to identify potential reversal points.
Trend Continuation Signals:
Conditions based on the candle range and previous highs/lows allow the indicator to generate signals for trend continuation:
Buy signals when price breaks above the previous two highs.
Sell signals when price breaks below the previous two lows.
VWAP (Volume-Weighted Average Price):
The indicator integrates VWAP to give additional support and resistance levels, ensuring signals align with volume trends.
ATR-Based Stop Loss:
For both buy and sell conditions, the script plots stop-loss levels based on the ATR (Average True Range), giving dynamic risk management levels.
Buy/Sell Ranges:
The user can set minimum and maximum price ranges for buy and sell signals, ensuring that the indicator only generates alerts within desired price ranges.
How It Works:
Buy Signals: The script generates buy signals based on multiple conditions, including the crack snap strategy, oversold RSI levels, and trend continuation setups. When these conditions are met, green triangles appear below the price bars, and an alert is triggered.
Sell Signals: Sell signals are triggered when the opposite conditions are met (overbought RSI, crack snap sell setups, trend breaks), and red triangles appear above the price bars.
Visual Indicators: The script plots upper and lower Bollinger Bands, stop loss levels, and VWAP on the chart, providing a comprehensive view of market conditions and support/resistance levels.
This indicator is versatile, combining multiple technical tools for robust decision-making in trading. It generates alerts, plots visual markers, and integrates risk management, making it a well-rounded tool for technical analysis.
This indicator is versatile, combining multiple technical tools for robust decision-making in trading. It generates alerts, plots visual markers, and integrates risk management, making it a well-rounded tool for technical analysis.
OVN H/L OVN H/L (Overnight High/Low)
Description:
The "OVN H/L" indicator is designed to plot the highest and lowest price levels within a specified time interval on your chart. This tool is especially useful for traders who focus on key support and resistance levels established during specific trading sessions, such as overnight or pre-market hours.
Features:
Custom Time Interval: Input your desired start and end times in HH
format (UTC+0). Handles intervals that span midnight seamlessly. Session Count Control: Choose the number of past sessions to display on the chart. Helps keep your chart organized by limiting the number of lines. Line Extension Options: Option to extend lines indefinitely to the right. If disabled, lines can be set to end or be interrupted upon price crossing. Upper and Lower Line Customization: Color Selection: Customize the color of the upper (high) and lower (low) lines separately. Line Width: Adjust the thickness of the lines from 1 to 5. Line Style: Choose between solid, dashed, or dotted lines for both upper and lower lines. Dynamic Line Management: Automatically updates high and low levels during the specified interval. Draws lines after the interval ends, reflecting the captured high and low. Price Interaction Detection: If line extension is disabled, lines will adjust if the price crosses them, providing visual cues.
Usage:
Overnight Trading: Identify key high and low levels from overnight sessions that may influence the upcoming trading day. Intraday Analysis: Customize the time interval to focus on specific market sessions (e.g., London or New York sessions). Support and Resistance Levels: Use the plotted lines as potential support and resistance zones for trading strategies.
How to Use:
Apply the Indicator: Add the "OVN H/L" indicator to your chart from the TradingView indicator library. Configure Time Settings: In the indicator settings, set the start and end times for the interval you're interested in. Adjust Appearance: Customize the colors, widths, and styles of the upper and lower lines to your preference. Set Session Display: Determine how many previous sessions' lines you wish to display. Line Extension Preference: Decide whether you want the lines to extend indefinitely or to end/interact based on price movement. Analyze Price Action: Use the high and low lines to identify key levels for potential entries, exits, or stop-loss placements.
Notes:
Time Zones: The script uses UTC+0 for time calculations. Ensure you adjust the input times accordingly if your chart is in a different timezone. Compatibility: Best used on intraday timeframes where sessions and intervals are relevant. Limitations: The indicator may not display correctly on historical data beyond the number of sessions specified.
Conclusion:
The "OVN H/L" indicator is a versatile tool that enhances your chart analysis by highlighting significant price levels within custom time intervals. By visualizing these critical zones, traders can make more informed decisions and refine their trading strategies.
Yesterday's Levels with 50% wick and Equilibrium## Script Description
This Pine Script indicator highlights key levels from the previous day’s daily candle on any timeframe chart. It focuses exclusively on marking the following:
1. **Previous Day’s High, Low, Open, and Close**:
- Horizontal lines are drawn to indicate the previous day's high, low, open, and close prices.
- These lines are white and extend across the chart.
2. **50% of Candle Wicks**:
- If the previous day’s candle has wicks, two additional lines mark 50% of the top wick and 50% of the bottom wick.
- These lines are green and dotted, representing half the wick’s height.
3. **Equilibrium (50% of the Full Candle)**:
- A horizontal red line marks the midpoint (equilibrium) of the entire previous day’s candle, from high to low.
- This line is thicker than the others to emphasize the equilibrium level.
The script works by focusing only on the previous day’s daily candle, ensuring that it doesn’t plot lines for any older candles. These levels are visible on all timeframes.
RCYC Bullish Bearish Indicator
Summary: The RCYC Bullish Bearish Indicator is a custom trading tool designed to help traders identify potential bullish and bearish conditions in the market using a combination of KDJ and RSI indicators. This indicator uses color-coded candles to visually represent bullish and bearish signals, making it easy to identify trend changes on the chart. The script is particularly useful for traders who prefer visual signals and want to incorporate both trend momentum (KDJ) and relative strength (RSI) in their analysis.
Description:
The RCYC Bullish Bearish Indicator is a unique mashup of the KDJ and RSI indicators, optimized to provide a clear visual representation of market conditions through color-coded candles. This indicator not only identifies the potential trend shifts but also provides alerts for significant crossover points, enhancing a trader's ability to make informed decisions.
How It Works:
KDJ Calculation:
The KDJ is a variation of the Stochastic Oscillator that includes the %J line, which can go beyond the typical 0-100 range of %K and %D.
The KDJ component of this indicator calculates the highest high and lowest low over a specified period (KDJ Length), using these values to derive the %K line.
The %D line is a smoothed version of %K, and the %J line is derived from %K and %D using the formula: J = 3 * %K - 2 * %D.
This indicator focuses on the behavior of the %J line in relation to a mid-point level (50), identifying crossovers and crossunders that signal potential shifts in market sentiment.
RSI Calculation:
The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is widely used to identify overbought or oversold conditions.
In this indicator, RSI values are adjusted and plotted to align visually with the KDJ values, providing a complementary momentum analysis.
Crossover Logic and Candle Coloring:
The indicator tracks two main events:
CrossOver50: When the %J line crosses above the 50 level, indicating potential bullish momentum.
CrossUnder50: When the %J line crosses below the 50 level, indicating potential bearish momentum.
Depending on the crossover events, the script changes the color of the candles on the chart:
Red candles on the initial crossover above 50, followed by dark blue candles to maintain bullish sentiment.
Yellow candles on the initial crossover below 50, followed by light blue candles to maintain bearish sentiment.
Alerts:
The indicator includes alert conditions for both bullish and bearish signals:
Red Candle Alert: Notifies the trader when the %J line crosses above 50.
Yellow Candle Alert: Notifies the trader when the %J line crosses below 50.
These alerts allow traders to react promptly to key market signals without continuously monitoring the chart.
Usage and Benefits:
This indicator is designed for traders looking to combine momentum and trend analysis into a single visual tool. It is particularly useful for those trading in trending markets or looking for entry/exit signals based on momentum shifts.
The color-coded candles provide an intuitive way to assess market conditions at a glance, reducing the complexity associated with analyzing multiple indicators separately.
By integrating both KDJ and RSI, the RCYC Bullish Bearish Indicator offers a balanced approach to trend detection and momentum confirmation, making it versatile for various trading styles, including scalping, swing trading, and position trading.
Originality and Usefulness:
While the indicator builds upon the familiar concepts of KDJ and RSI, it uniquely merges them into a cohesive visual tool with distinct crossover-based alerts and candle coloring.
This approach makes the indicator original, as it simplifies the interpretation of complex signals into straightforward visual cues, enhancing the decision-making process for traders who prefer chart-based analysis.
ICT Vacuum BlocksThe indicator draws a box between the closing price of one candle and the opening price of the next whenever a gap occurs, helping traders easily spot potential areas of interest where the market has skipped over price levels. The boxes do not extend beyond the gap itself, keeping the chart clean and focused on the price action.
Features:
Detects both upward and downward gaps.
Non-extending boxes that accurately represent the size of each gap.
Customizable colors for up and down gaps to match your chart style.
best indicator at 15 minut This Pine Script code builds an indicator called EMA Crossover with Historical Price Projection that combines two components:
EMA Crossover Strategy:
EMA 9 and EMA 21: The script calculates two exponential moving averages (EMAs) using the ta.ema() function. The crossover between these EMAs generates buy/sell signals.
A bullish crossover (when EMA 9 crosses above EMA 21) signals a buy.
A bearish crossover (when EMA 9 crosses below EMA 21) signals a sell.
These buy/sell signals are visualized on the chart using the plotshape() function with green and red symbols.
Historical Price Projection:
The code projects future prices based on historical price trends. It takes into account growth factors (user-defined drift percentages) to estimate future prices.
Projection Line: It draws a projection line from the anchor point (set by the user) using historical data. The drift factor allows you to control the projection's slope.
Forecasting Area: It shows an optional area around the projected price, adjusting the width with a user-defined growth factor for the forecast's uncertainty.
Key Sections:
Inputs:
User-defined inputs for controlling the growth factor, line styles, and forecasting area settings.
An anchoring point is provided to determine from which bar the price projection should start.
EMA Crossover:
The crossover conditions for EMA 9 and EMA 21 are defined, and the script generates buy and sell signals at those crossovers.
Historical Price Projection:
It stores the percentage changes between bars in barDeltaPercents.
It projects the future price based on these percentages and the user-defined drift factor.
The projected price is visualized using polyline.new(), and a shaded area can be added to show the range of price possibilities.
Execution Logic:
The script runs when the current time is greater than the anchor point.
If the anchor point is too far back in history, it gives a warning via the showInfoPanel function.
As new bars are confirmed, the drift is calculated, and the projection line and area are updated based on historical price changes.
Overall Flow:
It gathers price data up to 500 bars from the anchor point.
Based on the historical price trend, it forecasts the future price with a projection line and an optional shaded area.
The crossover logic for EMA 9 and 21 provides actionable signals on when to buy or sell.
PATTERNPULSE / Stttrading F.VelazquezPATTERNPULSE
Discover a powerful tool for market analysis with the Velas Engulfing + RSI Indicator. Crafted by Stttrading Franco Velazquez, this indicator seamlessly blends engulfing candle patterns with the precision of the RSI filter. What sets it apart is its unique approach – signals are exclusively generated when the RSI reaches overbought or oversold conditions, providing a distinctive edge over conventional engulfing candle indicators.
Key Features :
Engulfing Candle Patterns: Identify both bullish and bearish engulfing candle formations.
RSI Integration: Harness the strength of the RSI indicator to evaluate market momentum and potential reversals.
Visual Signals: Enjoy clear and intuitive signals directly on your chart for seamless decision-making.
Configurable Alerts: Tailor the indicator to your preferences with customizable alerts for timely notifications.
Usage Instructions:
Engulfing Candles:
Visualize bullish and bearish candles through green and red triangles, respectively.
Capitalize on buying opportunities when bullish candles emerge and consider selling when bearish candles unfold.
RSI Indicator:
Leverage the RSI indicator to gauge overbought and oversold market conditions.
Fine-tune RSI levels based on your trading strategy and risk tolerance.
Alert System:
Set up alerts to stay informed about crucial market movements, ensuring you never miss a trading opportunity.
Custom Configuration:
RSI Source: Customize the data source for RSI calculations to suit your analysis.
RSI Length: Define the length of the RSI period for precise adjustments.
RSI Overbought and Oversold Levels: Tailor the overbought and oversold RSI thresholds to align with your trading preferences.
Important Note: Always conduct thorough analysis and implement proper risk management before executing trades.
Volume Profile in PatternPulse:
In the paid version of the PatternPulse indicator, an advanced Volume Profile tool is included, offering a detailed view of how volume is distributed across different price levels over a specific period. Here's how it works:
Show Volume Profile: You can toggle the display of the volume profile on the chart using the Show VP option.
Depth and Number of Bars Configuration: The tool allows you to adjust the Volume Profile Lookback Depth, which defines how many periods back will be analyzed to calculate the volume profile. You can also set the number of bars (VP Number of Bars) to be displayed on the chart, as well as the bar length and width to customize its appearance.
Delta Type: You can choose from different delta types for the volume profile: Bullish, Bearish, or Both. This enables you to focus on volumes associated with bullish price movements, bearish movements, or both.
Point of Control (POC): The tool also offers an option to extend the Point of Control (POC) line on the volume profile. The POC represents the price level with the highest traded volume during the analyzed period.
Customizable Colors: You can customize the colors of the volume profile bars and the Point of Control (POC) to match your visual preferences.
How to Use It:
The volume profile helps identify price levels where significant volume has been traded, which can be crucial for determining key support and resistance levels in the market. Adjust the parameters to fit your needs for a clear and precise visualization that supports your technical analysis.
Info Box in PatternPulse
In the paid version of PatternPulse, you'll find an info box that provides a comprehensive view of various market aspects. Here's how it works:
General Information: At the top of the info box, you'll see the title "PATTERNPULSEVIP® Info. BOX" in grey with orange text. This title helps you identify that you are viewing the information section.
CCL Dollar: The info box displays the value of the CCL (Contado con Liquidación) dollar for Argentina, which is an important reference for investors in that market.
Indices and Metals: This section includes information on the US Dollar Index (DXY), the Euro Index (EXY), as well as the prices of gold and silver.
Crypto Dominance: Here, you'll see the dominance of Bitcoin (BTC) and Ethereum (ETH) in the cryptocurrency market, helping you understand the influence of these cryptocurrencies on the global market.
MACD: The info box shows the current MACD (Moving Average Convergence Divergence) trend. The trend can be bullish or bearish, providing additional insight into market direction.
RSI: The current RSI (Relative Strength Index) value is also displayed. If the RSI indicates overbought conditions (above 75), the info box will turn teal with white text. If it indicates oversold conditions (below 25), the info box will turn maroon with white text.
Customization: You can adjust the horizontal offset of the info box from the chart and change the style and color of the text to suit your visual preferences.
This info box provides key data at a glance, making it easier to make informed decisions in your technical analysis. Adjust the settings according to your needs to get the most relevant information for your trading strategy.
Bollinger Bands in PatternPulse
In the paid version of PatternPulse, we’ve added the Bollinger Bands (BB) indicator to help you analyze market volatility and trends. Here’s a breakdown of how to use it:
1. Display Options:
Show BB: You can toggle the visibility of the Bollinger Bands on your chart using the "Show BB" option.
2. Configuration:
Length: Adjust the length of the moving average used to calculate the Bollinger Bands. The default is set to 20 periods, but you can modify it to fit your trading strategy.
Source: Choose the data source for the Bollinger Bands calculation, with the default being the closing price.
Standard Deviation: Set the number of standard deviations away from the moving average for the upper and lower bands. The default is 2.0, which is commonly used.
3. Plotting:
Basis: The middle line (basis) of the Bollinger Bands is plotted, which is a simple moving average (SMA) of the specified length.
Upper and Lower Bands: The upper and lower bands are plotted based on the standard deviation from the basis line.
Offset: Adjust the horizontal position of the bands on your chart to better align with your analysis needs.
4. Visualization:
Color: The Bollinger Bands and their background fill are color-coded for easy interpretation. The default colors are shades of blue, but you can customize them if needed.
These Bollinger Bands will help you to visualize price volatility and identify potential market opportunities based on how the price interacts with these bands. Adjust the settings according to your trading preferences to get the most out of this feature.
Parabolic SAR in PatternPulse
In the advanced version of PatternPulse, we've added the Parabolic SAR (PSAR) to help you identify potential trend changes in the market. Here's how this tool works:
1. Activating the Indicator:
Show PSAR: You can toggle the visibility of the Parabolic SAR using the "Show PSAR" option. This controls whether the indicator is displayed on your chart.
2. PSAR Settings:
Start: Adjust the initial value for the PSAR calculation. This value sets the starting point for the acceleration of the indicator.
Increment: Defines the rate at which the PSAR increases. This value increases the acceleration parameter with each new high or low.
Maximum Value: Sets the upper limit for the acceleration parameter. This prevents the indicator from moving too quickly in high-volatility conditions.
3. Visualization:
Color of the Dots: The PSAR dots are displayed in teal if the indicator is below the closing price, indicating a bullish trend. They are shown in maroon if the indicator is above the closing price, indicating a bearish trend.
How to Use It: The Parabolic SAR is useful for identifying potential reversal points in the market. When the indicator switches position relative to the price, it can signal a potential trend change. Use this indicator in conjunction with other analysis tools to make more informed trading decisions.
User Explanation EMAs
This part of the indicator utilizes Exponential Moving Averages (EMAs) to help you identify trends and potential entry or exit points in the market. Here’s how they work and how you can customize them:
What are EMAs?
Exponential Moving Averages (EMAs) are indicators that smooth out historical prices to identify the direction of the trend. Unlike Simple Moving Averages, EMAs give more weight to recent prices, making them more responsive to current price changes.
How Each EMA Works:
1° EMA (Adjustable Length):
Purpose: The first EMA provides a short-term view and can help identify recent movements and potential quick trend changes.
Customization: You can adjust the length of this EMA (number of periods) using the "1° EMA length" option.
2° EMA (Adjustable Length):
Purpose: The second EMA acts as a smoother filter, helping to confirm or discredit signals from the first EMA.
Customization: Adjust its length with "2° EMA length".
3° EMA (Adjustable Length):
Purpose: The third EMA provides a longer-term view, helping to identify mid-term trends and significant turning points.
Customization: Modify its length via "3° EMA length".
4° EMA (Adjustable Length):
Purpose: The fourth EMA represents the long-term trend, offering a perspective on the market’s overall direction.
Customization: Change its length using "4° EMA length".
Customizable Colors:
You can choose the colors for each EMA through the provided color options. This allows you to distinguish each EMA on your chart easily and customize its appearance according to your preferences.
EMA Crosses:
Small Crosses (1° and 2° EMAs):
Functionality: When the 1° EMA crosses above the 2° EMA, it may signal a buy (bullish cross). When it crosses below, it may signal a sell (bearish cross).
Visualization: You can enable or disable the display of these small crosses.
Large Crosses (3° and 4° EMAs):
Functionality: Crosses between the 3° and 4° EMAs help identify more significant trend changes. A bullish cross may indicate an uptrend, while a bearish cross may signal a downtrend.
Visualization: You can also enable or disable these large crosses on your chart.
How to Use This Information:
Trend Identification: EMAs help you see whether the market is in an uptrend or downtrend, and crosses between them can indicate potential trading opportunities.
Entry/Exit Signals: Crosses between EMAs can signal optimal times to enter or exit a position.
This set of EMAs provides you with a clear view of different time frames in the market, allowing you to make more informed trading decisions based on the current trend and price changes.
Support and Resistance
Support and Resistance levels are essential tools in technical analysis, helping traders identify key price levels where the market might reverse or pause. This feature of the indicator provides visual markers for these levels and tracks how the price interacts with them.
Parameters:
Lookback Range: Defines the number of bars to look back when identifying pivot points. A larger value considers more historical data.
Bars Since Breakout: Determines how many bars should have passed since a breakout to detect a potential retest.
Retest Detection Limiter: Limits the number of bars actively checked for confirming a retest after a breakout.
Breakouts and Retests: Options to enable or disable detection for breakouts and retests.
Repainting: Controls how the indicator updates based on different criteria such as candle confirmation or high/low values. This affects how often and in what way the indicator adjusts its markings.
Pivot Points:
Pivot Low and High: The indicator identifies key support (pivot lows) and resistance (pivot highs) points based on the historical price action within the defined lookback range.
Boxes and Labels:
Drawing Boxes: Visual boxes are drawn to represent support and resistance levels. These boxes adjust dynamically with price changes and can extend based on user settings.
Breakout Labels: Labels are created when a breakout occurs, marking the point where the price crosses these support or resistance levels.
Retest Labels: When a potential retest is detected, the indicator can label it to signal areas where the price might test the broken support or resistance.
Customization Options:
Box and Label Styling: Users can customize the style, color, and size of the boxes and labels representing support and resistance.
Text Color Override: Option to change the color of text labels independently from the default color settings.
Key Benefits:
Visual Clarity: Easily identify important levels on the chart.
Dynamic Updates: Levels adjust as new price data comes in, providing relevant and up-to-date information.
Customization: Tailor the appearance and behavior of the support and resistance markings to fit your trading style.
This feature enhances your chart analysis by clearly marking critical levels and events, making it easier to spot potential trading opportunities.
Explanation of the Simple Moving Averages (SMA) Functionality
Simple Moving Averages (SMAs) are technical analysis tools used to smooth out price data and identify market trends. This part of the code allows you to add two SMAs to the chart with customizable settings.
Configuration Parameters:
Show SMA 1 and SMA 2: Enables or disables the display of each moving average. You can choose to show SMA 1, SMA 2, or both on your chart.
SMA Length: Defines the number of periods used to calculate each SMA. For example, a length of 14 for SMA 1 and 50 for SMA 2. A longer length smooths the line more, while a shorter length follows price movements more closely.
SMA Source: Sets which price data (e.g., closing price) is used to calculate the SMA.
Color and Width of SMA: Allows you to customize the color and width of each SMA line to fit your visual preference or to clearly distinguish between different SMAs on the chart.
SMA Style: Provides options to change the line style of the SMA to solid, dashed, or dotted, so you can personalize the appearance according to your analysis style.
SMA Calculation:
Calculation: The SMA is calculated by averaging the closing prices (or selected source) over the specified number of periods. This helps to smooth out daily price fluctuations and reveals the overall trend.
Visualization:
Plot for SMA 1 and SMA 2: Draws the SMA lines on the chart according to the specified settings. If you choose to hide an SMA, it will not appear on the chart.
Line Style: The line is drawn according to the selected style (solid, dashed, or dotted), and you can adjust the thickness and color to suit your visual needs.
Key Benefits:
Trend Clarity: SMAs help smooth out price movement and allow you to see the general trend in the market.
Customization: You can adjust the length, color, thickness, and style of the lines to fit your analysis and visual preferences.
Facilitates Analysis: SMAs can be used to identify crossings and important trading signals, such as when a short-term SMA crosses above or below a longer-term SMA.
This functionality provides you with powerful tools to adjust and customize how moving averages are presented on your charts, making it easier to identify trends and signals in the market.
Thank you for exploring the features of our indicator! We hope you find the customization options and tools provided, including the Simple Moving Averages, valuable for your trading analysis. If you have any questions or need further assistance, please feel free to reach out.
We invite you to try out the complete PatternPulse indicator to experience its full range of functionalities and see how it can enhance your trading strategies. Your feedback is always appreciated!
Happy trading!
