Agent Nafri AlertsTitle: Agent Nafri Alerts
Category: Technical Analysis Indicator
Version: Pine Script v5
Author: Syed Irfan Baksh
Market: Works on all instruments & timeframes
Description:
The Agent Nafri Alerts indicator is a sophisticated and versatile trading tool designed for traders who rely on trend-based strategies. By combining Exponential Moving Averages (EMA), Relative Strength Index (RSI), and Stochastic Oscillator, this indicator provides high-probability buy and sell signals while minimizing false entries. Whether you're trading Forex, Stocks, Crypto, or Commodities, this indicator adapts seamlessly to all assets and timeframes, making it a must-have tool for traders of all levels.
💡 Key Features:
EMA Trend Confirmation
Uses a 9-period EMA and a 21-period EMA to confirm bullish or bearish trends.
A crossover of the 9 EMA above the 21 EMA signals a potential uptrend, while a crossover below indicates a potential downtrend.
RSI Strength Filter
Filters out weak signals by requiring the RSI to be above 55 for buy signals and below 45 for sell signals.
Ensures that trades are only taken when momentum is strong and aligned with the trend.
Stochastic Confirmation
Adds an additional layer of confirmation by requiring the Stochastic Oscillator (%K and %D) to be above 25 for buy signals and below 75 for sell signals.
Helps avoid false breakouts by ensuring overbought or oversold conditions are respected.
Clear Visual Alerts
Displays BUY and SELL signals directly on the chart with intuitive labels and colors for easy interpretation.
Alerts are accompanied by sound notifications, ensuring you never miss a trading opportunity.
Universal Compatibility
Works flawlessly across all markets, including Forex, Stocks, Crypto, and Commodities.
Adapts to all timeframes, from 1-minute charts to weekly charts, making it suitable for scalpers, day traders, and swing traders alike.
🛠 How to Use:
📈 Buy Signal Conditions:
The 9 EMA crosses above the 21 EMA, confirming a bullish trend.
The RSI is above 55, indicating strong bullish momentum.
The Stochastic Oscillator (%K and %D) is above 25, confirming upward movement.
When all three conditions are met, a BUY signal is generated, and a visual alert is displayed on the chart.
📉 Sell Signal Conditions:
The 9 EMA crosses below the 21 EMA, confirming a bearish trend.
The RSI is below 45, signaling bearish momentum.
The Stochastic Oscillator (%K and %D) is below 75, confirming downward pressure.
When all three conditions are met, a SELL signal is generated, and a visual alert is displayed on the chart.
🎨 Customization Options:
The Agent Nafri Alerts indicator is highly customizable to suit your trading style:
Adjust the EMA periods (9 and 21) to fit your preferred trend-following strategy.
Modify the RSI thresholds (55 for buys, 45 for sells) to fine-tune momentum filtering.
Customize the Stochastic levels (25 for buys, 75 for sells) to align with your risk tolerance.
Change the colors and styles of the signals and EMA lines for better visual clarity.
🔔 Alerts and Notifications:
The indicator includes built-in TradingView alerts that can be configured to notify you via:
Pop-up notifications on your desktop or mobile device.
Email alerts for long-term traders.
Sound alerts to ensure you never miss a signal.
📊 Why Choose Agent Nafri Alerts?
High Accuracy: By combining multiple technical indicators, the Agent Nafri Alerts system ensures that only high-probability signals are generated.
Reduced False Signals: The RSI and Stochastic filters eliminate weak or unreliable signals, saving you from unnecessary losses.
User-Friendly: Designed with simplicity in mind, the indicator is easy to understand and use, even for beginners.
Versatile: Suitable for all trading styles, including scalping, day trading, and swing trading.
🌟 Start Using Agent Nafri Alerts Today!
Enhance your trading strategy with the Agent Nafri Alerts indicator and take your trading to the next level. Whether you're a beginner or an experienced trader, this powerful tool will help you identify high-probability trading opportunities with confidence.
Happy Trading! 🚀
Multitimeframe
SMC [GKLeo]Market Structure: Detects swing and internal highs/lows.
Order Blocks: Tracks and displays order blocks.
Fair Value Gaps: Detects and draws fair value gaps.
Equal Highs/Lows: Detects and displays equal highs/lows.
Premium/Discount Zones: Draws zones based on trailing swing points.
Multi-Timeframe Levels: Draws levels for daily, weekly, and monthly timeframes.
E9 MM Nuke signalScript identifies wickless candles on a specified higher timeframe and plots them on a lower timeframe (If desired), such as 15 minutes. It includes options to adjust the margin for error (e.g. 5 tick wick), higher timeframe, and toggle the volume filter with period adjustment.
Wickless candles signal strong market sentiment shifts, indicating areas of significant buying or selling pressure. These areas can become key levels of support or resistance, making them crucial to monitor for potential price revisits.
Why Price Revisits Wickless Areas
Manipulators often create artificial wickless candles to deceive traders. However, genuine market movements can also produce wickless candles, indicating a strong consensus among market participants. In either case, the price is likely to revisit these areas as traders and investors react to the perceived market sentiment shift.
Key Features:
Margin Input:
Description: Allows users to specify the margin in 0.01 tick increments to account for small wicks due to spread issues.
Example: A margin of 0.05 ticks means the script will consider candles wickless if the high is within 0.05 ticks of the open and the low is within 0.05 ticks of the open.
Volume Filter:
Description: Users can enable or disable a volume filter to consider only candles with a volume greater than the average volume over a specified period.
Default: Enabled by default.
Volume Period Input: Users can specify the period for calculating the average volume (e.g., 9 periods).
Higher Timeframe Input:
Description: Allows users to select the higher timeframe on which to identify wickless candles.
Options: H4 ("240"), Daily ("D"), Weekly ("W"), Monthly ("M").
Plotting:
Bearish Wickless Candles: Plotted with a red circle and a "🐻" emoji above the bar.
Bullish Wickless Candles: Plotted with a green circle and a "🐂" emoji below the bar.
RSI Buy/Sell SignalBuy sell base on RSI 4
Buy when RSI close above 68
Sell when RSI of candle close below 32
Apply for XAUUSD
PSP / PSC NQWPlots Precision Candles / Precision Swing Points on your Chart, you can change color and transparency.
At the Moment it does not support DXY
Hourly Candle Tracker (NY Time)This indicator creates a table to illustrate which hourly timeframes and their respective candlesticks have formed in the current hour as well as what new candlesticks will be opening in the subsequent hour.
The purpose of this indicator is useful for ICT concept's as well as my own methodologies using such concepts. The bodies of candles are paramount when using my concepts, as well as the fractal nature of them. This indicator makes it easier to know which candles have just opened in the current hour as well as which are opening in the next so I and any trader using my methodologies can refer quickly to them.
- R2F Trading
ndtech-GrowthGeniusThe GrowthGenius Indicator is a trading tool designed to help traders identify high-probability trading opportunities in the financial markets. It claims to provide a 70% to 80% win rate, which means that a significant majority of the trades it signals are expected to be profitable. Here's a breakdown of what this description might imply:
Key Features of the GrowthGenius Indicator:
High Win Rate: The indicator is optimized to generate signals with a high probability of success, aiming for a 70-80% accuracy rate. This means that out of every 10 trades, approximately 7 to 8 trades are expected to be winners.
Algorithmic Analysis: The indicator likely uses advanced algorithms, technical analysis, and possibly machine learning to analyze market trends, price action, and other key indicators to generate buy/sell signals.
User-Friendly: It is designed to be easy to use, even for beginner traders, by providing clear entry and exit points.
Versatility: The indicator can be applied to various markets, such as forex, stocks, commodities, or cryptocurrencies, depending on its design.
Risk Management: While the win rate is high, it’s important to note that no indicator is 100% accurate. Proper risk management (e.g., stop-loss orders, position sizing) is still crucial to protect against losses.
Backtesting: The 70-80% win rate claim is likely based on historical backtesting, which means the indicator has been tested on past market data to validate its performance.
Important Considerations:
No Guarantees: While a 70-80% win rate is impressive, trading always involves risk. Market conditions can change, and past performance does not guarantee future results.
Combination with Strategy: The indicator should ideally be used as part of a broader trading strategy, including fundamental analysis, market sentiment, and risk management.
Emotional Discipline: Even with a high win rate, traders must maintain discipline and avoid overtrading or emotional decision-making.
Who Can Benefit?
Day Traders: Those looking for short-term trading opportunities.
Swing Traders: Traders who hold positions for several days or weeks.
Beginners: Easy-to-follow signals can help new traders learn and build confidence.
Experienced Traders: Can use the indicator to confirm their own analysis or find additional opportunities.
Final Thoughts:
The GrowthGenius Indicator appears to be a powerful tool for traders seeking a high win rate. However, it’s essential to use it responsibly, combine it with other tools, and always manage risk effectively. Always test the indicator in a demo account before using it in live trading to ensure it aligns with your trading style and goals.
Custom RSI IndicatorThis script creates a tool called the "Custom RSI Indicator" that helps traders analyze the Relative Strength Index (RSI) for different timeframes. The RSI is a popular metric used to measure the speed and change of price movements, helping traders identify overbought or oversold conditions.
How It Works
Setting Up the Indicator:
The script is named "Custom RSI Indicator" and will be displayed in a separate area below the main price chart of the asset.
User Inputs:
The script allows you to choose:
Two higher timeframes (like weekly and monthly) to get the RSI values for these longer periods.
The length of the RSI calculation (default is 14 periods).
Whether to show the RSI values for the higher timeframes on the chart (you can turn this on or off).
Calculating the RSI:
The script calculates:
currentRSI: This is the RSI for the current timeframe you are trading on.
higherRSI1: The RSI for the first higher timeframe that you chose (like weekly).
higherRSI2: The RSI for the second higher timeframe that you chose (like monthly).
It uses request.security() to look up the RSI values for those higher timeframes.
Background Coloring:
The background color of the chart changes based on the RSI values:
If the current RSI and both higher timeframe RSIs are all above 60, the background turns light green. This indicates strong buying conditions.
If they're all below 40, the background turns light red. This indicates strong selling conditions.
If neither condition is met, the background remains clear.
Plotting the Current RSI:
The current RSI value is plotted on the chart as a blue line.
Plotting Higher Timeframe RSIs:
If the options for plotting higher timeframes are enabled:
The first higher timeframe RSI is plotted as a purple line.
The second higher timeframe RSI is plotted as an orange line.
Custom Horizontal Levels:
Horizontal lines are added at key levels on the RSI chart:
A dotted red line at 80 (usually indicates overbought).
A gray line at 60 and 50 (these are middle levels).
A dotted green line at 20 (usually indicates oversold).
Optional Moving Average (MA) on RSI:
The script also provides an option to overlay a moving average (MA) on the RSI:
You can choose between a simple moving average (SMA) or an exponential moving average (EMA).
The default option is an EMA with a length of 9, but you can change it.
Plotting the Moving Average:
The moving average of the current RSI is plotted on the chart in red.
Why Use This Indicator?
This indicator helps traders see how the current price action compares to longer-term trends. By showing the RSI for different timeframes and with visual cues (like background colors), it makes it easier for traders to decide when to buy or sell based on market conditions.
Recap
RSI: Measures buying and selling pressure.
Multiple Timeframes: Looks at the current timeframe, plus weekly and monthly.
Background Color: Indicates strong buying or selling conditions.
Plotting Options: Shows the current RSI and higher timeframes, with customizable levels and moving averages.
If you have any questions or need more details about any part of it, feel free to ask!
RSI Multi-Condition Alerts📌 RSI Multi-Condition Alerts (6, 12, 24) – Automated Trading Signals
This script provides real-time alerts when the RSI (6, 12, 24) crosses key levels, helping traders identify buy and sell opportunities with higher accuracy.
🔹 How It Works:
✅ Buy Signal → RSI (6) crosses above both RSI (12) & RSI (24) (Bullish Momentum)
✅ Sell Signal → RSI (6) crosses below both RSI (12) & RSI (24) (Bearish Momentum)
✅ Custom Alerts → Get notified instantly when conditions are met!
🔹 Ideal For:
✔ Swing Traders & Scalpers
✔ Gold (XAU/USD), Forex, Crypto & Stocks
✔ Trend Reversals & Momentum Trading
🔹 Why Use This?
🔸 Filters out false RSI signals
🔸 Ensures confirmation across multiple RSI levels
🔸 Helps avoid weak breakouts & improves accuracy
💡 Instructions:
1️⃣ Add this script to your TradingView chart
2️⃣ Go to Alerts → Select "RSI Multi-Condition Alerts"
3️⃣ Choose Buy Signal or Sell Signal
4️⃣ Get notified via Popup, Email, or SMS
📈 Boost your trading strategy today with RSI Multi-Condition Alerts! 🚀
dynamic support and resistance v3**Automatic Multi-Timeframe & Dynamic Support/Resistance Indicator**
This indicator automatically identifies and plots key Support and Resistance levels across multiple timeframes (1H, 4H, Daily) and dynamically adapts to the chart's current timeframe. It provides a comprehensive view of potential price reversal zones, helping traders make more informed decisions.
**Key Features:**
* **Multi-Timeframe Analysis:** Automatically calculates and displays Support and Resistance levels derived from the 1-hour, 4-hour, and Daily timeframes. This allows you to see the bigger picture and anticipate potential price reactions at significant levels. Levels from higher timeframes are often stronger.
* **Dynamic Support & Resistance:** Beyond the fixed timeframe levels, the indicator also dynamically calculates and plots Support and Resistance based on the *currently visible* timeframe of your chart. This ensures you always have relevant levels, regardless of whether you're zoomed in on a 1-minute chart or looking at a weekly view. This dynamic calculation adapts to changing market conditions.
* **Combined View:** All identified Support and Resistance levels (from all timeframes) are plotted on the same chart. This gives you a clear and concise overview of potential areas of interest, simplifying your analysis. Different colors or styles can be used to distinguish between timeframes (e.g., Daily levels could be thicker lines, 4H thinner, and 1H dashed).
* **Customizable:** (Optional - Mention if you offer customization) The indicator may include customizable settings, such as:
* Lookback period for dynamic S/R calculation.
* Strength/sensitivity adjustments for identifying levels.
* Color and style customization for different timeframes.
* Option to toggle visibility of specific timeframe levels.
**Benefits:**
* **Saves Time:** No more manually drawing Support and Resistance lines. The indicator does the work for you.
* **Improved Accuracy:** The automated calculations can help identify key levels that might be missed by manual analysis.
* **Enhanced Visualization:** Seeing all relevant S/R levels on one chart provides a clearer picture of potential price action.
* **Adaptable to Any Timeframe:** Whether you're a scalper or a long-term investor, the dynamic S/R adapts to your trading style.
**How to Use:**
Simply add the indicator to your TradingView chart. The Support and Resistance levels will be automatically calculated and displayed. Use these levels to identify potential entry and exit points, stop-loss placements, and areas where price might encounter resistance or find support.
**Disclaimer:**
This indicator is for informational and educational purposes only. It should not be considered financial advice. Trading involves risk, and you should always do your own research before making any investment decisions. Past performance is not indicative of future results.
Talha's Pro Signal (Version 5)Talha's Pro Signal – Smart Trading Indicator
🔹 Talha's Pro Signal is a multi-indicator trading strategy that combines EMA, RSI, and MACD to generate reliable BUY & SELL signals for traders.
✅ Key Features:
. EMA (9 & 21): Identifies trend direction and potential entries.
. RSI (14): Analyzes market strength and overbought/oversold conditions.
. MACD (12, 26, 9): Confirms trend momentum and crossovers.
. ATR-Based SL & TP: Smart risk management with stop loss & take profit levels.
. Clear Entry & Exit Signals: Plots precise BUY & SELL labels and arrows on the chart.
🎯 This indicator is suitable for Forex, Stocks, Crypto, and other markets. Always follow your own analysis and risk management before taking a trade.
📌 Free to Use – Happy Trading! 🚀
Talha's Pro Signal – Smart Trading Indicator
🔹 Talha's Pro Signal হল একটি মাল্টি-ইন্ডিকেটর ট্রেডিং স্ট্র্যাটেজি, যা EMA, RSI ও MACD এর সমন্বয়ে নির্ভরযোগ্য BUY ও SELL সিগন্যাল প্রদান করে।
✅ Key Features:
. EMA (9 & 21): ট্রেন্ড ফলো করে সঠিক এন্ট্রি নির্ধারণ করে।
. RSI (14): মার্কেটের শক্তি ও ওভারবট/ওভারসোল্ড কন্ডিশন বিশ্লেষণ করে।
. MACD (12, 26, 9): ট্রেন্ড কনফার্মেশন ও মোমেন্টাম বিশ্লেষণ করে।
. ATR-Based SL & TP: স্মার্ট রিস্ক ম্যানেজমেন্ট।
. Clear Entry & Exit Signals: চার্টে স্পষ্ট BUY & SELL লেবেল ও অ্যারো প্লটিং।
🎯 এই ইন্ডিকেটরটি ফরেক্স, স্টক, ক্রিপ্টোসহ সব মার্কেটে ব্যবহারযোগ্য। ট্রেড নেওয়ার আগে অবশ্যই নিজের এনালাইসিস ও রিস্ক ম্যানেজমেন্ট অনুসরণ করুন।
📌 Free to Use – Happy Trading! 🚀
Overlay Daily Candle [odnac]This script is designed to visually overlay the daily candle on various timeframes, allowing traders to quickly assess the shape of the daily candle, its high and low points, and the relationship between the open and close prices.
Additionally, it helps to intuitively identify upward and downward movements by using color-coded bullish and bearish candles.
Key Features
Candle Color Indication: Bullish candles are shown in green, while bearish candles are shown in red.
Candle Body Box: The box represents the body of the daily candle, based on the open and close prices.
Candle Wick: The wicks of the daily candle are drawn to represent the high and low prices.
Date Change Detection: When a new date begins, the previous data is reset, and new boxes and lines are drawn according to the updated date.
How to Use
You can adjust the script’s options to customize the color of bullish and bearish candles, as well as the transparency of the boxes, to suit your personal style.
5SMA Trend filter w/optional 10,20,50,200 moving averagesTrend filter indicator to determine ideal price action for long or short trades.
Cloud attached between price and 5SMA.
Using the 5SMA direction and relativity to price, two signals to help filter out head fakes.
If price > 5SMA and SMA pointing up then green cloud.
If price < 5SMA and SMA point down then red cloud.
If price > 5SMA and SMA pointing down or price < 5SMA and 5SMA pointing up then
Optional 10,20,50,200 simple moving averages.
Compatible with multiple timeframes.
Bsk : Auto P.day High & Low - (22-1-2025)Historical day highs and lows, Bollinger bands ema 8, 15 and all in 1 indicator for the day traders.
Multi-Timeframe Stoch RSI Alert (5M, 15M, 1H) with BandsJust like the 15m-1h-4h multi-timeframe stoch, but on lower time frames.
Bottom Fishing Indicator# Bottom Fishing Indicator Documentation
## 1. Overview
The **Bottom Fishing Indicator** is a tool based on **RSI**, **CCI**, and **MFI** oscillators to identify oversold conditions. It accumulates oversold values over time to detect potential reversal points. The indicator also supports multi-timeframe analysis to provide more comprehensive insights.
---
## 2. Features
1. **RSI / CCI / MFI Oversold Accumulation Detection**:
- **RSI**: Starts accumulating when RSI is below 30.
- **CCI**: Calculates the difference from -100 when CCI is below -100 and accumulates it.
- **MFI**: Begins accumulation when MFI is below 20.
2. **Threshold Trigger Monitoring**:
- When the accumulated value exceeds the predefined threshold (default 100), a "Goal" marker is displayed on the chart, indicating a potential bottom.
3. **Multi-Timeframe Analysis (MTF)**:
- Supports selecting different timeframes (such as daily, weekly) for indicator values and displays multi-timeframe accumulation curves on the main chart.
4. **Customizable and Dynamic Adjustment Options**:
- Allows customization of indicator lengths, accumulation thresholds, display colors, line thickness, and more, offering flexible settings.
---
## 3. Settings Explanation
1. **RSI Length**: Period for RSI calculation (default 14).
2. **CCI Length**: Period for CCI calculation (default 20).
3. **MFI Length**: Period for MFI calculation (default 14).
4. **Sum Threshold for Marker**: Accumulation value threshold to trigger markers (default 100).
5. **Indicator to Track**: Select the indicator to monitor (RSI / CCI / MFI).
6. **Multi-Timeframe Line Timeframe**: Timeframe for multi-timeframe analysis (default Daily).
7. **MTF Sum Threshold for Reset**: Accumulation threshold for multi-timeframe analysis, resets after exceeding (default 100).
8. **MTF Sum Line Color**: Color of the multi-timeframe accumulation line (default Orange).
9. **MTF Line Width**: Thickness of the multi-timeframe accumulation line (default 2).
---
## 4. Chart Explanation
1. **Value Sum Line**: Accumulation curve for oversold areas, showing the current progress of accumulation to monitor potential reversals.
2. **MTF Value Sum Line**: Multi-timeframe accumulation line, further verifying consistency between different timeframes.
3. **Goal Marker**: Displays a "Goal" marker on the chart when the accumulation value exceeds the predefined threshold, indicating a potential bottom area.
---
## 5. Usage Tips
1. **Select Indicators Based on Conditions**:
- For clear downtrends, RSI may provide better results.
- For highly volatile markets, CCI is more effective.
- To consider volume factors, choose the MFI indicator.
2. **Multi-Timeframe Analysis**:
- Use multi-timeframe accumulation curves to further confirm the consistency between larger and smaller timeframes.
3. **Continuous Monitoring and Adjusting Thresholds**:
- Adjust accumulation thresholds according to market volatility to select more suitable risk control methods.
---
## 6. Notes
1. **Oversold indicators alone cannot fully capture the market environment. Please combine them with other technical indicators and fundamental analysis.**
2. **The indicator does not guarantee market bottom reversals. Please use it rationally and avoid over-reliance.**
---
For any questions or feedback, please contact us.
Candle Close TableChecks the previous closes of Daily H4 and H1 candles to give you an idea where the momentum should take us.
Quarter Theory Lines with Box Around Each Key LevelQuarter Level Theory with Box Around Each Key Level, Credit to MrPresident for the original idea, revamped with additional touches for maximum profits.
Multi-Timeframe Stochastic RSIInputs for Stochastic RSI:
The script takes three sets of user-defined inputs for constructing three Stochastic RSI indicators, allowing the user to modify:
Length of the Stochastic RSI.
Smoothing parameters for both the %K and %D lines (K and D are the two components of Stochastic RSI).
Colors for each Stochastic RSI line.
Timeframes for the second and third Stochastic RSI indicators (daily and hourly, respectively).
Calculation of Stochastic RSI:
The Stochastic RSI is calculated in the script using:
ta.rsi() to compute the RSI of the price.
ta.stoch() to apply the Stochastic formula on the RSI values.
ta.sma() to smooth %K and %D lines as per the given length inputs.
The request.security() function is used to fetch the RSI values for the specified timeframes (higher timeframes).
Plotting:
The calculated %K lines from the three strategies are plotted on the chart in distinct colors.
A simple moving average (SMA) of the primary Stochastic RSI (%K line) is computed and plotted in yellow for additional clarity.
Overbought (80) and Oversold (20) levels are defined and displayed as dashed horizontal lines.
Cross Signals (Commented Out):
Bullish and bearish cross signals are defined based on crossovers between %K and %D lines but are not plotted visually by default. There is commented-out code available to visualize these signals if desired.
Additional Points
Utility: This indicator gives traders a multi-faceted view of market momentum across different timeframes. For example:
Trading strategies might rely on observing if the current timeframe's Stochastic RSI aligns with signals from higher timeframes.
Overbought and oversold levels help identify potential reversal points.
Example of Interpretation
If the short-term Stochastic RSI is rising (crossing above the %D line) while both higher timeframes show that they are within oversold conditions, it might signal a strong buying opportunity.
Customization
The script includes several customizable parameters making it adaptable to different trading styles and asset classes.
Users can easily modify lengths, colors, and timeframes to fit their analysis preferences.
Conclusion
This Multi-Timeframe Stochastic RSI indicator is a powerful tool for traders who want to combine momentum analysis from multiple timeframes. Consider experimenting with different settings to find what best suits your trading strategy. If you have any specific questions or would like to add features, feel free to ask!
Long Entry With EMA StrategyLong Entry With EMA Strategy
Setup long based on EMA line
Strategy can customize initial capital, TP1, TP2, TP3, SL and more
Contact for more infomation :
t.me/nolansignal
x.com/CZVault
HTF Candles WindowThis indicator allows one to have a glance at a higher timeframe (HTF) candles within the same chart. It will overlay candles from HTF on the right space on the current chart (like a window).
It allows traders/analyst to understand candle behavior/context based on the lower timeframe (LTF) price action.
Smoothed Candle Averages- NovaTheMachineThis script utilizes a series of moving averages that the user is able to change as they see fit for their own use.
The averages plotted for the first 2 waves are the High-Low rays of the selected period of time with the chosen moving average style.
The Bias is the Heikin Ashi High-Low ray plotted over the chosen time period, while the Secondary Bias is a higher Timeframe Bias for the same period of time on a selected higher timeframe.
The visuals for each ray are able to be changed to either; lines, solid wave, or dynamic wave.
The Dynamic waves will change color according to the total dissection and utilize the Min-Max range selected as a weight for the strength of the trend. Thus providing an at-a-glance overview of the price relative to trend.
The key objective with this script is to gauge the longer term trend with the current price action, to establish patterns and determine strength of moves both away from and towards the moving average/bias.
When both waves are trending with the Bias, it can be reasoned that there is a strong trend established, when waves and Bias are mixed or trending sideways it can be reasoned there is a range forming or potential for a direction change. When price has broken the waves and biases we can reasonably assume that a new trend has been formed, using the waves and biases again to determine the strength and length of the trend.
The Table will display whether the current price is above or below each wave, and whether the price is continuing or retracing. The Signals plotted are used to help identify when price has broken a wave more swiftly.
PDC & EMATitle: Dynamic Price & EMA Table with Previous Day Close
Description: This script provides a dynamic table that displays key information about the current price relative to the previous day's close and the 8-period EMA. It helps traders quickly identify potential trading signals based on these conditions. The table adapts for both web and mobile views, ensuring a seamless experience across devices.
Features:
Previous Day Close (PDC): Indicates if the current price is above ("Y") or below ("N") the previous day's close.
8-Period EMA (8EMA): Shows if the current price is above ("Y") or below ("N") the 8-period EMA.
Action Signal: Displays "Calls" if both conditions are met, "Puts" if neither condition is met, and "Hold" if the conditions are mixed.
Customizable Colors: Allows users to set their preferred colors for up, down, and hold signals.
Responsive Design: Adjusts the table layout for optimal viewing on both web and mobile devices.
This script is ideal for traders looking for a quick visual reference to make informed trading decisions based on price and EMA conditions.