FVG at NWOGFVG at NWOG (Fair Value Gap at New Week Opening Gap)
This concept combines two key ideas:
New Week Opening Gap (NWOG)
Fair Value Gap (FVG)
When we combine these two concepts, we are looking for Fair Value Gaps (which indicate market inefficiencies or price imbalances) that occur around the New Week Opening Gap. This can provide insight into potential breakout or breakdown opportunities for the next trading week.
Candlestick analysis
NWOG with FVGThe New Week Opening Gap (NWOG) and Fair Value Gap (FVG) combined indicator is a trading tool designed to analyze price action and detect potential support, resistance, and trade entry opportunities based on two significant concepts:
New Week Opening Gap (NWOG): The price range between the high and low of the first candle of the new trading week.
Fair Value Gap (FVG): A price imbalance or gap between candlesticks, where price may retrace to fill the gap, indicating potential support or resistance zones.
When combined, these two concepts help traders identify key price levels (from the new week open) and price imbalances (from FVGs), which can act as powerful indicators for potential market reversals, retracements, or continuation trades.
1. New Week Opening Gap (NWOG):
Definition:
The New Week Opening Gap (NWOG) refers to the range between the high and low of the first candle in a new trading week (often, the Monday open in most markets).
Purpose:
NWOG serves as a significant reference point for market behavior throughout the week. Price action relative to this range helps traders identify:
Support and Resistance zones.
Bullish or Bearish sentiment depending on price’s relation to the opening gap levels.
Areas where the market may retrace or reverse before continuing in the primary trend.
How NWOG is Identified:
The high and low of the first candle of the new week are drawn on the chart, and these levels are used to assess the market's behavior relative to this range.
Trading Strategy Using NWOG:
Above the NWOG Range: If price is trading above the NWOG levels, it signals bullish sentiment.
Below the NWOG Range: If price is trading below the NWOG levels, it signals bearish sentiment.
Price Touching the NWOG Levels: If price approaches or breaks through the NWOG levels, it can indicate a potential retracement or reversal.
2. Fair Value Gap (FVG):
Definition:
A Fair Value Gap (FVG) occurs when there is a gap or imbalance between two consecutive candlesticks, where the high of one candle is lower than the low of the next candle (or vice versa), creating a zone that may act as a price imbalance.
Purpose:
FVGs represent an imbalance in price action, often indicating that the market moved too quickly and left behind a price region that was not fully traded.
FVGs can serve as areas where price is likely to retrace to fill the gap, as traders seek to correct the imbalance.
How FVG is Identified:
An FVG is detected if:
Bearish FVG: The high of one candle is less than the low of the next (gap up).
Bullish FVG: The low of one candle is greater than the high of the next (gap down).
The area between the gap is drawn as a shaded region, indicating the FVG zone.
Trading Strategy Using FVG:
Price Filling the FVG: Price is likely to retrace to fill the gap. A reversal candle in the FVG zone can indicate a trade setup.
Support and Resistance: FVG zones can act as support (in a bullish FVG) or resistance (in a bearish FVG) if the price retraces to them.
Combined Strategy: New Week Opening Gap (NWOG) and Fair Value Gap (FVG):
The combined use of NWOG and FVG helps traders pinpoint high-probability price action setups where:
The New Week Opening Gap (NWOG) acts as a major reference level for potential support or resistance.
Fair Value Gaps (FVG) represent market imbalances where price might retrace to, filling the gap before continuing its move.
Signal Logic:
Buy Signal:
Price touches or breaks above the NWOG range (indicating a bullish trend) and there is a bullish FVG present (gap indicating a support area).
Price retraces to fill the bullish FVG, offering a potential buy opportunity.
Sell Signal:
Price touches or breaks below the NWOG range (indicating a bearish trend) and there is a bearish FVG present (gap indicating a resistance area).
Price retraces to fill the bearish FVG, offering a potential sell opportunity.
Example:
Buy Setup:
Price breaks above the NWOG resistance level, and a bullish FVG (gap down) appears below. Traders can wait for price to pull back to fill the gap and then take a long position when confirmation occurs.
Sell Setup:
Price breaks below the NWOG support level, and a bearish FVG (gap up) appears above. Traders can wait for price to retrace and fill the gap before entering a short position.
Key Benefits of the Combined NWOG & FVG Indicator:
Combines Two Key Concepts:
NWOG provides context for the market's overall direction based on the start of the week.
FVG highlights areas where price imbalances exist and where price might retrace to, making it easier to spot entry points.
High-Probability Setups:
By combining these two strategies, the indicator helps traders spot high-probability trades based on major market levels (from NWOG) and price inefficiencies (from FVG).
Helps Identify Reversal and Continuation Opportunities:
FVGs act as potential support and resistance zones, and when combined with the context of the NWOG levels, it gives traders clearer guidance on where price might reverse or continue its trend.
Clear Visual Signals:
The indicator can plot the NWOG levels on the chart, and shade the FVG areas, providing a clean and easy-to-read chart with entry signals marked for buy and sell opportunities.
Conclusion:
The New Week Opening Gap (NWOG) and Fair Value Gap (FVG) combined indicator is a powerful tool for traders who use price action strategies. By incorporating the New Week's opening range and identifying gaps in price action, this indicator helps traders identify potential support and resistance zones, pinpoint entry opportunities, and increase the probability of successful trades.
This combined strategy enhances your analysis by adding layers of confirmation for trades based on significant market levels and price imbalances. Let me know if you'd like more details or modifications!
Leonardo Pereira - Dynamic Levels"Leonardo Pereira - Dynamic Levels" é uma ferramenta desenvolvida por Leonardo Dias Pereira para traders que buscam análises precisas e objetivas no mercado financeiro. Este indicador identifica automaticamente níveis essenciais, como suporte, resistência, alvo e stop-loss, com base em cálculos dinâmicos e parâmetros personalizáveis, como risco percentual e alavancagem.
Com detecção automática de tendência (alta, baixa ou configurável manualmente), o script desenha linhas no gráfico para auxiliar na tomada de decisões estratégicas, fornecendo uma visão clara dos níveis críticos de preço. É ideal tanto para iniciantes quanto para traders experientes que desejam aprimorar suas operações com maior confiança e eficiência.
Recursos Principais:
Identificação automática de suporte, resistência, alvo e stop-loss.
Configuração de tendência (automática ou manual).
Personalização de risco percentual e alavancagem.
Atualização dinâmica das linhas no gráfico.
Indicação visual da tendência detectada.
Maximize seus resultados e simplifique sua análise com esta poderosa ferramenta de suporte à decisão!
Magical LineUsage:
1. Import into your trading platform
2. Magic line = (Previous High + Previous Low + Previous Close) / 3
3. Buy signal when price crosses above magic line
4. Sell signal when price crosses below magic line
Price Changes Relative to Previous CloseThis script displays the price values in percentages (open, high, low, and close) of the current bars relative to the previous bar's close. This helps visualize the amplitude of price movements. Depending on the user's choice, the display can be in the form of candles or bars.
Main steps of the script
Retrieves the previous bar's closing price.
Calculates the percentage changes in the open, high, low, and close prices of the current bar relative to the previous bar's close.
Sets the colors for bullish (green) and bearish (red) candles/bars.
Allows the user to choose the display type (candles or bars).
Displays the candles or bars on the chart.
Creates arrays to store the highs and lows of the last 252 bars and filters them based on the current bar's close.
Calculates the average values of the highs and lows for the filtered bars and displays them on the chart.
Изменение цен относительно предыдущего закрытия
Этот скрипт отображает значения цен в процентах (открытие, высокие, низкие и закрытие) текущих баров относительно закрытия предыдущего бара. Это помогает визуализировать амплитуду движений цен. В зависимости от выбора пользователя, отображение может быть в виде свечей или баров.
Основные шаги скрипта
Получает цену закрытия предыдущего бара.
Вычисляет процентные изменения открытой, высокой, низкой и закрытой цен текущего бара относительно закрытия предыдущего бара.
Настраивает цвета для бычьих (зелёных) и медвежьих (красных) свечей/баров.
Позволяет пользователю выбирать тип отображения (свечи или бары).
Отображает свечи или бары на графике.
Создаёт массивы для хранения максимумов и минимумов за последние 252 бара и фильтрует их в зависимости от закрытия текущего бара.
Вычисляет средние значения максимумов и минимумов для отфильтрованных баров и отображает их на графике.
Profit Algoa//@versi
// نمایش سود/زیان در نمودار
plot(profitLoss, title="Profit/Loss", color=color.blue, linewidth=2)
// نمایش مقدار سود/زیان به صورت متن
plotchar(profitLoss, title="Profit/Loss Value", location=location.top, color=color.blue, size=size.small)
Custom Strategy: Supertrend + RSI + EMA### **Indicator Description: Custom Strategy - Supertrend + RSI + EMA**
यह इंडिकेटर तीन पॉपुलर इंडिकेटर्स (Supertrend, RSI, और EMA) को मिलाकर बनाया गया है। इसका उद्देश्य यह है कि यह केवल उन्हीं परिस्थितियों में **Buy** और **Sell** सिग्नल जनरेट करे, जब तीनों इंडिकेटर्स एक साथ सकारात्मक (Buy) या नकारात्मक (Sell) संकेत दें।
---
### **इंडिकेटर के मुख्य घटक:**
1. **Supertrend:**
- Supertrend एक ट्रेंड-फॉलोइंग इंडिकेटर है जो प्राइस की दिशा के अनुसार ट्रेंड की पहचान करता है।
- अगर कैंडल Supertrend की नीचे वाली रेखा (Support Line) से ऊपर बंद हो, तो यह **Buy** सिग्नल देता है।
- अगर कैंडल Supertrend की ऊपर वाली रेखा (Resistance Line) से नीचे बंद हो, तो यह **Sell** सिग्नल देता है।
2. **RSI (Relative Strength Index):**
- RSI का उपयोग ओवरबॉट और ओवरसोल्ड कंडीशन की पहचान के लिए किया जाता है।
- अगर RSI की वैल्यू 50 से ऊपर हो, तो इसका मतलब प्राइस में बुलिश मूवमेंट है (**Buy Signal**)।
- अगर RSI की वैल्यू 50 से नीचे हो, तो इसका मतलब प्राइस में बेयरिश मूवमेंट है (**Sell Signal**)।
3. **EMA (Exponential Moving Average - 50):**
- EMA (50) एक पॉपुलर मूविंग एवरेज है जो पिछले 50 कैंडल्स का वेटेड एवरेज लेता है।
- अगर प्राइस EMA (50) से ऊपर है, तो यह **Buy Signal** दर्शाता है।
- अगर प्राइस EMA (50) से नीचे है, तो यह **Sell Signal** दर्शाता है।
---
### **Buy और Sell सिग्नल कब जनरेट होते हैं?**
- **Buy Signal:**
जब तीनों कंडीशन्स सही हों:
1. प्राइस Supertrend की सपोर्ट लाइन से ऊपर हो।
2. RSI वैल्यू 50 से ऊपर हो।
3. प्राइस EMA (50) से ऊपर हो।
- **Sell Signal:**
जब तीनों कंडीशन्स सही हों:
1. प्राइस Supertrend की रेजिस्टेंस लाइन से नीचे हो।
2. RSI वैल्यू 50 से नीचे हो।
3. प्राइस EMA (50) से नीचे हो।
---
### **इंडिकेटर की विशेषताएं:**
- **सटीक सिग्नल जनरेशन:**
- इंडिकेटर केवल मजबूत और भरोसेमंद सिग्नल्स देता है, क्योंकि यह तीन अलग-अलग इंडिकेटर्स को मिलाकर काम करता है।
- **Buy और Sell सिग्नल्स के लिए एरो प्लॉट:**
- चार्ट पर ग्रीन एरो (BUY) और रेड एरो (SELL) दिखाए जाते हैं।
- **EMA लाइन प्लॉट:**
- चार्ट पर EMA (50) को भी विज़ुअल रूप से दिखाया गया है।
- **पृष्ठभूमि हाईलाइटिंग:**
- जब Buy या Sell सिग्नल जनरेट होता है, तब चार्ट की पृष्ठभूमि को हल्के हरे (Buy Zone) या लाल (Sell Zone) रंग से हाईलाइट किया जाता है।
---
### **इंडिकेटर के उपयोग के लाभ:**
1. यह उन ट्रेडर्स के लिए उपयोगी है जो **ट्रेंड-फॉलोइंग स्ट्रेटजी** अपनाते हैं।
2. एक ही चार्ट पर तीनों इंडिकेटर्स को मर्ज करके एक स्पष्ट और सटीक सिग्नल प्राप्त करना।
3. अधिक भरोसेमंद ट्रेडिंग निर्णय लेने में मदद करता है।
---
### **कैसे उपयोग करें?**
1. इंडिकेटर को TradingView पर अपने चार्ट में ऐड करें।
2. Buy या Sell सिग्नल जनरेट होने पर ट्रेड एंट्री लें।
3. अपनी ट्रेडिंग स्ट्रेटजी के अनुसार स्टॉप-लॉस और टारगेट सेट करें।
---
### **Disclaimer (अस्वीकरण):**
यह इंडिकेटर केवल शैक्षिक उद्देश्यों के लिए है। इसका उपयोग करने से पहले अपनी रिसर्च करें और उचित जोखिम प्रबंधन अपनाएं। ट्रेडिंग में नुकसान का जोखिम हमेशा होता है।
---
अगर आपको किसी और विवरण की आवश्यकता हो, तो बताएं! 😊
Daily LimitOnly looks AT the previous candle , if bigger the TOTAL CANDLE OF CURRENT > TOTAL PREVIOUS CANDLE, pattern is valid and tail must not exceed 30% of total candle.
JCM_MadridThis indicator provides dynamic bar coloring and buy/sell signals based on EMA relationships and price momentum. It allows traders to visually identify trend changes and potential trade opportunities directly on the chart.
Indicator Basics:
Name: The script is titled "JCM_Madrid".
Overlay: It overlays its calculations and outputs directly on the price chart.
User Inputs:
-Range: Defines the length of the EMA (Exponential Moving Average).
-Ref-1 and Ref-2: Set reference lengths for secondary EMAs used in the calculations.
-Source: The price data source for EMA calculations (e.g., close, open, high, low).
-Enable Buy/Sell: Boolean toggles to activate or deactivate buy and sell signals.
Calculations:
EMA Value: Computes the main EMA based on the source and Range.
CloseMA: The difference between the close price and the EMA.
SqzMA: The difference between a secondary EMA (Ref-1) and the main EMA.
RefMA: The difference between another secondary EMA (Ref-2) and the main EMA.
Bar Coloring:
Bars are colored based on the relationship between SqzMA and CloseMA:
Purple: When SqzMA > CloseMA.
Blue: When SqzMA < CloseMA.
Buy/Sell Signals:
A Buy Signal is generated when:
CloseMA crosses from below to above 0.
The close price is higher than the previous close.
Buy signals are enabled.
A Sell Signal is generated when:
CloseMA crosses from above to below 0.
The close price is lower than the previous close.
Sell signals are enabled.
Signals are displayed as labels on the chart:
"Buy": Green label below the candle.
"Sell": Yellow label below the candle
Three Consecutive Candles with Increasing VolumeNOT MY SCRIPT, this script tells you if candles are moving in 3 or more in a row (TREYLLO)
Agrupación de velas 5m en una vela 15mcon este indicador podras saber en el grafico de 5 minutos, cuales velas pertenecen al grupo de una vela de 15 minutos
tamerin ticaret öyküsüWilliams Fraktal, Bayrak, Bollinger Bands ve Stokastik RSI. Bu indikatorlerin kombinasyonu ile sinyaller almanızı saglar.
HTF FVG and Wick Fill tracking FOR DAVEA higher time frame canlde body and wick overlay for 1hr to daily for example
Enhanced Market Opportunity Strategy (Updated)Script Description:
Script Name: Enhanced Market Opportunity Strategy (Updated)
This script is a comprehensive trading strategy designed for TradingView that identifies buying and selling opportunities based on configurable parameters, trend alignment, and risk management. It integrates visual alerts, performance metrics, and real-time trading signals. Below is a detailed overview of its features:
Features:
1. Strategy Inputs:
Buy Strategy Levels: Configurable levels for entry, stop loss, and three take-profit targets.
Sell Strategy Levels: Similar levels for short trades.
Risk Management:
Adjustable risk percentage per trade.
Account balance for position sizing.
Trend Filters:
Short-term and long-term EMAs for trend identification.
Minimum pip movement to validate signals.
2. Technical Analysis:
EMA-Based Trend Conditions:
Bullish (buy signals): When the short-term EMA is above the long-term EMA.
Bearish (sell signals): When the short-term EMA is below the long-term EMA.
Position Sizing:
Automatically calculates trade size based on risk percentage and pip distance to the stop loss.
3. Visual and Alert Features:
Key Levels:
Plots for entry, stop loss, and take-profit levels for both buy and sell strategies.
Background Trend Indication:
Green for bullish trends and red for bearish trends.
Markers and Alerts:
Visual "BUY" and "SELL" markers on the chart for detected opportunities.
Real-time alerts with calculated position size for actionable trades.
4. Performance Metrics:
Tracks:
Total trades executed.
Wins and losses.
Total profit and win rate.
Maximum drawdown.
Table Display:
A table on the chart shows performance metrics, including profit, trades, win rate, and more.
How it Works:
Trend Identification:
The script uses EMA crossovers to detect market trends.
It only generates buy signals in bullish trends and sell signals in bearish trends.
Trade Validation:
Buy or sell opportunities are validated based on the proximity of the price to defined entry levels and the occurrence of a candlestick pattern (close above open for buy and vice versa for sell).
Profit and Loss Tracking:
Tracks whether take-profit or stop-loss levels are hit and updates total profit, wins, and losses accordingly.
Backtesting Performance:
Historical trades are evaluated, and key performance metrics are calculated.
Enhanced Market Opportunity Strategy (Updated)Script Description:
Script Name: Enhanced Market Opportunity Strategy (Updated)
This script is a comprehensive trading strategy designed for TradingView that identifies buying and selling opportunities based on configurable parameters, trend alignment, and risk management. It integrates visual alerts, performance metrics, and real-time trading signals. Below is a detailed overview of its features:
Features:
1. Strategy Inputs:
Buy Strategy Levels: Configurable levels for entry, stop loss, and three take-profit targets.
Sell Strategy Levels: Similar levels for short trades.
Risk Management:
Adjustable risk percentage per trade.
Account balance for position sizing.
Trend Filters:
Short-term and long-term EMAs for trend identification.
Minimum pip movement to validate signals.
2. Technical Analysis:
EMA-Based Trend Conditions:
Bullish (buy signals): When the short-term EMA is above the long-term EMA.
Bearish (sell signals): When the short-term EMA is below the long-term EMA.
Position Sizing:
Automatically calculates trade size based on risk percentage and pip distance to the stop loss.
3. Visual and Alert Features:
Key Levels:
Plots for entry, stop loss, and take-profit levels for both buy and sell strategies.
Background Trend Indication:
Green for bullish trends and red for bearish trends.
Markers and Alerts:
Visual "BUY" and "SELL" markers on the chart for detected opportunities.
Real-time alerts with calculated position size for actionable trades.
4. Performance Metrics:
Tracks:
Total trades executed.
Wins and losses.
Total profit and win rate.
Maximum drawdown.
Table Display:
A table on the chart shows performance metrics, including profit, trades, win rate, and more.
How it Works:
Trend Identification:
The script uses EMA crossovers to detect market trends.
It only generates buy signals in bullish trends and sell signals in bearish trends.
Trade Validation:
Buy or sell opportunities are validated based on the proximity of the price to defined entry levels and the occurrence of a candlestick pattern (close above open for buy and vice versa for sell).
Profit and Loss Tracking:
Tracks whether take-profit or stop-loss levels are hit and updates total profit, wins, and losses accordingly.
Backtesting Performance:
Historical trades are evaluated, and key performance metrics are calculated.
Big Inside Bar & Engulfing Candle Highlight
Please change inputs as per time frame.
Big Inside bars and engulfing candles are candlestick patterns that traders use to analyze markets and identify potential trading opportunities:
Inside bar
The high and low of the current candle are contained within the high and low of the previous candle. This pattern indicates consolidation or indecision in the market, and suggests that the current trend may continue or reverse.
Engulfing candle
The second candle completely engulfs the first candle. This pattern signals a sudden change in market sentiment, and strong buying or selling momentum. A bullish engulfing indicates a bullish reversal, while a bearish engulfing indicates a bearish reversal.
Inside Bar & Engulfing Candle HighlightBig Inside bars and engulfing candles are candlestick patterns that traders use to analyze markets and identify potential trading opportunities:
Inside bar
The high and low of the current candle are contained within the high and low of the previous candle. This pattern indicates consolidation or indecision in the market, and suggests that the current trend may continue or reverse.
Engulfing candle
The second candle completely engulfs the first candle. This pattern signals a sudden change in market sentiment, and strong buying or selling momentum. A bullish engulfing indicates a bullish reversal, while a bearish engulfing indicates a bearish reversal.
