Steel Step Assistant: Trend Visualizer + Divergence Signal 1.0Disclaimer: Nobody should use this indicator as a confirmation signal for entry/exit for your trades. Please message me on how to use this indicator correctly. This indicator was designed to be used in conjunction with my Steel Step strategy, hence the name.
This indicator simply gives you a signal of trend reversals.
The trend visualizer is an ordinary table that shows you the trends of different time frames.
The signal is designed with the Steel Step strategy for determining the more important reversals/pivots.
Being an indicator, it is prone to a certain extent of inaccuracy. It is programmed to provide an accurate market trend reversal to the best of its abilities.
Always remember that the Steel Step strategy does not rely on indicators to trade.
This indicator can be used on all charts and markets; crypto, commodities, forex, stock, indices, etc.
It is suitable for intra-day traders. Another version with all time frames is being made as I publish this.
One way of using this is to enhance your information gathering on trends in order to understand the market structure or direction better.
This indicator helps educate users on the market structure. Users can quickly break down the market into layers, analyze the layers and connect them all to understand the market as a whole. After users understand the market, users need to decide and choose a specific trend they want to trade. The basic idea is to flow with the market.
This indicator can be combined with EW theory to understand the market structure easily.
When I understand the whole market structure, it boosts my trading performance to the maximum.
The user inputs (settings) should be very straightforward. The default settings produce directions that are very similar to what I use for my strategy. You can change the settings as desired.
The default settings are configured to show you the trend reversal or market direction of "one layer" above "the current time frame layer". You can find educational materials about the layer logic from my Steel Step strategy.
Find the instructions on how to view signals below.
***SIGNAL GUIDE***
To view signals/set signal alerts:
- To view 15min signals, use 3min chart
- To view 1H signals, use 15min chart
A second version to include more time frames and trends will be published soon. Look forward to it!
Please comment below or message me if you have any questions. Enjoy!
Candlewicks
Steel Step Assistant: Divergence IndicatorDisclaimer: Nobody should use this indicator as a confirmation signal for entry/exit for your trades. Please message me on how to use this indicator correctly. This indicator was designed to be used in conjunction with my Steel Step strategy, hence the name.
This indicator simply gives you a signal of a trend reversal.
The default settings produce directions that are very similar to what I use for my strategy. You can change the settings as desired.
The user inputs (settings) should be very straightforward. Length is the distance you want to compare the price.
This indicator can be used on all charts and markets; crypto, commodities, forex, stock, indices, etc.
It is suitable for intra-day traders, as well as HTF traders.
The default settings are configured to show you the trend reversal or market direction of "one layer" above "the current time frame layer". You can find educational materials about the layer logic from my Steel Step strategy.
One way of using this is to enhance your information gathering on trends in order to understand the market structure or direction better.
This indicator educates users on the market structure. Users can quickly break down the market into layers, analyze the layers and connect them all to understand the market as a whole. After users understand the market, users need to decide and choose a specific trend they want to trade. The basic idea is to flow with the market.
This indicator can be combined with EW theory to understand the market structure easily.
When I understand the whole market structure, it boosts my trading performance to the maximum.
Please comment below or message me if you have any questions. Enjoy!
4K+ Candlestacks/ColumnCandles Plus PerksFor all candle analysis enthusiasts out there, this is my cutting edge "4K+ Candlestacks/ColumnCandles Plus Perks" that I spontaneously invented long ago. Just when you may have thought it was the end of the evolutionary line for candle technology, it's not! There are candlesticks and now "candlestacks". Your eyes are presently gazing upon a NEW candle type intended for destiny well into the 21st century and onward to support much higher graphics resolutions including 4K, 8K, 16K+ yielding enhanced chart analytics. With extremely high resolution display technologies arriving within the affordable range, having thin 1 pixel wide traditional candle wicks are going to become more and more visually apprehensible. Particularly for folks with a visual acuity that is not par at 20/20 or have some degree of color blindness, the candlestacks have a "large" amount of different color schemes to select from.
"Candlestick charts" are suspected to have been invented by Munehisa Homma well over 200 years ago. We have been using technology that is older than the age of distributed electricity and the modern car combined with billions at stake, hour to hour of each day. While candlesticks are effective, by having an abundance of computing power, the old candlestick wick width is becoming indistinguishably lost in the fog of a plenitude of plots. After a short time of contemplating about it linguistically in Pine Script, I arrived at a eureka moment having an actual working candle that was entirely novel. However, I didn't want to stop there. It required color finesse for diagnosed visual impairments combined with methods such as Heikin Ashi variants. My intention while inventing this was to provide the ultimate experience in candle technology that could potentially exist.
"Candlestacks" are just like the original OHLC candlesticks, however the "wick" portion is more like a column displaying visually increased situational awareness. Immediately at first sight, I originally conceived of the name "ColumnCandles" upon initial inspection of the plot, being it was remarkably similar to overlapping column charts I have been seeing for years with data metrics. In my attempt to formulate a worthier name, I noticed their appearance looks like stacks of blocks. Stacks, sticks, it sounded rhythmically sweet. I decided candlestacks would be a more appropriate name for this candle type distinguishable from candlesticks, but all to similarly sounding. I am hopeful I chose candlestacks as a fitting name that the rest of the world may come to appreciate one day when the planet is powered by nuclear "compact fusion" reactors and everyone has personal aerial transportation availability. "Candlestacks" vs "ColumnCandles", leave your opinion below in the comments if you are compelled to do so, providing a consensus. I respect your opinion either way...
Heikin Ashi, with it's advantages of identifying current short term trends, seemed worthy of inclusion, so I decided to expand on candlestacks with three different formulations to select from, including a fourth OHLC basic type. There are two distinct methods of Hieken Ashi employing pre-smoothing and post-smoothing techniques, each of which having capabilities of using different smoothing filters that are selectable.
Other features include a brightening option for the first descending candle which is best suited while using Heikin Ashi. The candlestacks wick transparency is independently controllable. Descending candlestacks have a darker wick than the ascending kind. With the Heikin Ashi smoothing techniques, I included a selection to see traditional candlestick wicks in a supplementary fashion. Also, there is an option to control the amount of candlestacks that are displayable. This is also a multicator including my "SWIFT Moving Average Crossover", which is complimentary to the candlestacks, especially in one of the Heikin Ashi modes. This moving average crossover(MAC), having multiple color schemes, limits the divergences between the leading and lagging lines. Of notable mention, the crossover dots on the SWIFT MAC you see, are actually one bar late. Lastly, with this flagship indicator, I included a multi-color "neon source" line to view close, hl2, etc... in combination with the candlestacks yielding the best of both worlds selectively. Any one of the individual indicators may actually be enabled/disabled independently. Being this is an overlay chart, I "may" include other overlay indicators in the future where they provide an added benefit to what is already included.
I provided multiple color schemes for those of you who may have color blindness vision impairments. You may contact me in private, if these color schemes are not suitable for your diagnosed visual impairment, and you wish to contribute to seeing the color schemes improved along with other future indicators I shall release.
I.P.O.C.S.: "Initial Public Offering Clean Start" proprietary technology. Firstly, many of my other indicators already possess this capability. It allows suitable plotting from day one, minute one of IPO, remedying visually delayed signal analysis. It's basically accurate plotting from the very first bar (bar_index==0) on Tradingview. If you don't know what this is, most people don't, go back to the VERY beginning of any stock on the "All" chart and compare it to other similar indicators. What's so special about this? It is extremely difficult to get a healthy plot from bar_index==0 on any platform. However, I have become exceedingly talented performing this feat in most cases, but not all depending on the algorithm. This indicator is a successful accomplishment implementing IPOCS. It's inherent value is predominantly for IPO traders who in the past have had to wait 20, 50, and 150 bars before they obtain a precise indicator measurement for the simplest of algorithms in order to make a properly informed decision to potentially invest in an asset. How is this achieved? It's a highly protected secret of mine... but I will say I rarely use Pine built-in functions at all. When I do, I use them scarcely due to currently existing Pine language limitations.
Features List Includes:
I.P.O.C.S.(Initial Public Offering Clean Start) Technology
Enable/disable dark background for enhanced visibility
Color schemes for individual indicators
Controls for Heikin Ashi candlestacks smoothing
Historical bar controls
"Neon Source" options
Many, many more previously described...
This is not a freely available indicator, FYI. To witness my Pine poetry in action, properly negotiated requests for unlimited access, per indicator, may ONLY be obtained by direct contact with me using TV's "Private Chats" or by "Message" hidden in my member name above. The comments section below is solely just for commenting and other remarks, ideas, compliments, etc... regarding only this indicator, not others. When available time provides itself, I will consider your inquiries, thoughts, and concepts presented below in the comments section if you do have any questions or comments regarding this indicator. When my indicators achieve more prevalent use by TV members, I will implement more ideas when they present themselves as worthy additions. As always, "Like" it if you simply just like it with a proper thumbs up, and also return to my scripts list occasionally for additional postings. Have a profitable future everyone!
Team TemaTema highlights bars based on the triple ema ( tema ) with two different length qualifiers.
The tema is believed to react quicker to price fluctuations than the simple moving average ( sma ), the exponential moving average ( ema ), and the double ema ( dema ). The shorter length tema crossing over the longer one is believed to indicate a bullish trend ahead, highlighted in green. The shorter length crossing below the longer one may indicate a bearish trend is on the way.
Benefits.
It has been found that most traders lose money because they panic early, and don't let profits run. Tema helps me to filter out trading noise , reduce stress and stay in profitable trades longer . Highlighting the candle wicks reveals trends in highs and lows that may be difficult to see otherwise. I like being able to adjust the settings and look back to see how much noise would have been good to filter out.
Things to watch out for.
Like other moving averages, the tema is a lagging indicator , vulnerable to false signals, especially during a large move up or down . Use with other indicators that are better designed for detecting tops and bottoms. Adjust the lengths to filter out what you think may be wrong signals. The settings are subjective , and it depends on the security and the time period. Manually create a note or reminder with your favorite settings for each. You may choose how much price fluctuation to filter out by going into settings, marked with the gear icon.
Unconfirmed sentiment arrow.
Tema draws an arrow of current sentiment , based on the unconfirmed price action of the faster tema. It shows where it thinks prices are presently going, barring other factors. Its main purpose is to extend a line from the end of the tema, so it is not difficult to see. Remember, it is probably wrong until the last bar closes. And even then, buyers or sellers could come along at any moment and change the outlook.
