SMA Fibonacci Rainbow Waves[FibonacciFlux]SMA Fibonacci Rainbow Waves
Overview
The SMA Fibonacci Rainbow Waves script is designed for traders who seek to blend simplicity with complexity in their trading strategies. By leveraging multiple Simple Moving Averages (SMAs) weighted by Fibonacci numbers, this indicator provides a nuanced view of price action, allowing traders to capture essential market dynamics while filtering out unnecessary noise.
Key Features
1. Multiple Simple Moving Averages (SMA)
- The indicator employs a series of SMAs to represent both short-term and long-term trends, providing a comprehensive view of market sentiment.
- Each SMA helps identify critical price levels that serve as support and resistance, particularly the purple Fibonacci SMA, which can be pivotal for limit entries. Traders positioned at this level can initiate stop-loss hunts at the institutional level, potentially achieving risk-reward ratios exceeding 30.
2. Fibonacci Weighting
- By applying Fibonacci principles to the SMAs, the indicator enhances adaptability to market conditions.
- This unique approach allows traders to pinpoint significant support and resistance levels within Fibonacci layers, enabling them to anticipate market movements effectively.
3. Dynamic Support and Resistance Levels
- The SMA Fibonacci Rainbow Waves indicator identifies key price levels that act as support and resistance based on Fibonacci layers.
- For instance, on the hourly chart, these levels function as reliable zones for traders to watch for potential reversals, while on the 15-minute chart, a consolidation within the rainbow pocket followed by expansion can signal lucrative trading opportunities.
4. Visual Clarity with Color Coding
- Each SMA is assigned a distinct color, making it easy to differentiate between the various levels on the chart.
- Fills between SMAs visually represent zones of confluence, enhancing the analysis of potential trading opportunities.
Signal Generation and Alerts
- The indicator generates buy and sell signals based on the interactions of the SMAs, providing clear entry and exit points.
- Customizable alerts notify traders of significant market changes, allowing for timely reactions to evolving conditions.
Benefits
1. Simplified Trading Approach
- Traders can focus on significant market trends without distraction, enhancing decision-making efficiency and reducing emotional trading.
2. Flexibility Across Timeframes
- The indicator operates effectively across multiple timeframes, allowing traders to apply its principles in various scenarios, from scalping to longer-term strategies.
3. Enhanced Market Insights
- The combination of multiple SMAs and Fibonacci weighting offers a comprehensive view of market trends, helping traders identify lucrative opportunities that may be overlooked.
4. Bridging Simplicity and Complexity
- This indicator elegantly addresses the contradictions in trading psychology, allowing traders to maintain clarity while navigating complex market dynamics.
Conclusion
The SMA Fibonacci Rainbow Waves script is an essential tool for traders seeking to streamline their analysis while effectively capturing market movements. By integrating Fibonacci principles with multiple SMAs, this indicator empowers traders to follow trends confidently. Its design makes it invaluable for both novice and experienced traders, revealing entry points often missed by traditional indicators.
Open Source Collaboration
This script is available as an open-source project on TradingView, inviting contributions from the global trading community to enhance its functionality. Collaboration ensures it remains a valuable resource for market participants.
Important Note
As with any trading tool, thorough analysis and risk management are crucial when using this indicator. Past performance does not guarantee future results, and traders should always prepare for potential market fluctuations.
Multitimeframe
HMA Fibonacci Rainbow Waves[FibonacciFlux]HMA Fibonacci Rainbow Waves
Overview
The HMA Fibonacci Rainbow Waves script is designed for traders who strive for simplicity in their trading strategies while navigating the complexities of chart analysis. By utilizing the Hull Moving Average (HMA) for smoothing, this indicator provides a refined view of price action. However, over-smoothing can sometimes filter out essential market noise. To address this, the indicator incorporates a unique approach by applying Fibonacci weighting to seven HMA200 calculations. This enables traders to capture noise while effectively following market trends.
BTCUSDT 4hour
Key Features
1. Hull Moving Average (HMA)
- The HMA is known for its responsiveness and ability to filter out noise, providing a clear view of the underlying trend.
- The indicator balances smoothness with responsiveness, making it suitable for various trading styles, from day trading to swing trading and scalping.
2. Fibonacci Weighting
- By applying Fibonacci numbers to the HMA calculations, the indicator enhances its ability to adapt to market dynamics.
- This unique approach allows traders to maintain clarity while accommodating fluctuations in price action, ensuring they do not miss critical entry points.
3. Multi-Timeframe Functionality
- The HMA Fibonacci Rainbow Waves indicator operates effectively across multiple timeframes, including daily, 4-hour, 5-minute, and 1-minute charts.
- This adaptability makes it a valuable tool for traders, regardless of their preferred trading style, facilitating seamless transitions between different market conditions.
4. Noise Capture and Trend Following
- The indicator is designed to capture essential market movements while filtering out excessive noise.
- It helps traders follow trends without being overwhelmed by market fluctuations, allowing them to act on advantageous entry conditions that might otherwise be obscured.
Signal Generation and Alerts
- The indicator generates buy and sell signals based on the relationship between the HMAs, providing clear entry and exit points.
- Customizable alerts keep traders informed of significant changes in market conditions, enabling timely decisions that reflect the nuances of market behavior.
BTCUSDT 15min
Benefits
1. Simplified Trading Approach
- Traders can focus on core market movements without being distracted by excessive noise, enhancing decision-making efficiency and minimizing emotional trading.
2. Flexibility Across Timeframes
- The ability to function across different timeframes allows traders to apply the same principles in various trading scenarios, from quick scalps to strategic swing trades.
3. Enhanced Market Insights
- The combination of HMA smoothing and Fibonacci weighting offers a comprehensive view of market trends, aiding traders in identifying potential opportunities, including those that institutional investors might exploit.
4. Resolving Complexity with Simplicity
- This indicator elegantly bridges the gap between simplicity and complexity, providing a single tool that addresses the inherent contradictions in trading psychology. It allows traders to simplify their strategies while still capturing the dynamic nature of the market.
BTCUSDT 1min
Conclusion
The HMA Fibonacci Rainbow Waves script is a powerful tool for traders seeking to streamline their analysis while effectively capturing market dynamics. By integrating advanced smoothing techniques with Fibonacci weighting, this indicator empowers traders to follow market trends confidently across various timeframes. Its design makes it an essential asset for both novice and experienced traders alike, offering insights that can reveal entry points often missed by traditional indicators.
Open Source Collaboration
This script is released as an open-source project on TradingView, inviting the global trading community to contribute and enhance its functionality. By collaborating on this project, traders can help improve its capabilities, ensuring it remains a valuable resource for market participants around the world.
Important Note
As with any trading tool, it is crucial to conduct thorough analysis and risk management when using this indicator. Past performance does not guarantee future results, and traders should always be prepared for potential market fluctuations.
Multi-Average Trend Indicator (MATI)[FibonacciFlux]Multi-Average Trend Indicator (MATI)
Overview
The Multi-Average Trend Indicator (MATI) is a versatile technical analysis tool designed for traders who aim to enhance their market insights and streamline their decision-making processes across various timeframes. By integrating multiple advanced moving averages, this indicator serves as a robust framework for identifying market trends, making it suitable for different trading styles—from scalping to swing trading.
MATI 4-hourly support/resistance
MATI 1-hourly support/resistance
MATI 15 minutes support/resistance
MATI 1 minutes support/resistance
Key Features
1. Diverse Moving Averages
- COVWMA (Coefficient of Variation Weighted Moving Average) :
- Provides insights into price volatility, helping traders identify the strength of trends in fast-moving markets, particularly useful for 1-minute scalping .
- DEMA (Double Exponential Moving Average) :
- Minimizes lag and quickly responds to price changes, making it ideal for capturing short-term price movements during volatile trading sessions .
- EMA (Exponential Moving Average) :
- Focuses on recent price action to indicate the prevailing trend, vital for day traders looking to enter positions based on current momentum.
- KAMA (Kaufman's Adaptive Moving Average) :
- Adapts to market volatility, smoothing out price action and reducing false signals, which is crucial for 4-hour day trading strategies.
- SMA (Simple Moving Average) :
- Provides a foundational view of the market trend, useful for swing traders looking at overall price direction over longer periods.
- VIDYA (Variable Index Dynamic Average) :
- Adjusts based on market conditions, offering a dynamic perspective that can help traders capture emerging trends.
2. Combined Moving Average
- The MATI's combined moving average synthesizes all individual moving averages into a single line, providing a clear and concise summary of market direction. This feature is especially useful for identifying trend continuations or reversals across various timeframes .
3. Dynamic Color Coding
- Each moving average is visually represented with color coding:
- Green indicates bullish conditions, while Red suggests bearish trends.
- This visual feedback allows traders to quickly assess market sentiment, facilitating faster decision-making.
4. Signal Generation and Alerts
- The indicator generates buy signals when the combined moving average crosses above its previous value, indicating a potential upward trend—ideal for quick entries in scalping.
- Conversely, sell signals are triggered when the combined moving average crosses below its previous value, useful for exiting positions or entering short trades.
Insights and Applications
1. Scalping on 1-Minute Charts
- The MATI excels in fast-paced environments, allowing scalpers to identify quick entry and exit points based on short-term trends. With dynamic signals and alerts, traders can react swiftly to price movements, maximizing profit potential in brief price fluctuations.
2. Day Trading on 4-Hour Charts
- For day traders, the MATI provides essential insights into intraday trends. By analyzing the combined moving average and its relation to individual moving averages, traders can make informed decisions on when to enter or exit positions, capitalizing on daily price swings.
3. Swing Trading on Daily Charts
- The MATI also serves as a valuable tool for swing traders. By evaluating longer-term trends through the combined moving average, traders can identify potential swing points and adjust their strategies accordingly. The flexibility of adjusting the lengths of the moving averages allows for tailored approaches based on market volatility.
Benefits
1. Clarity and Insight
- The combination of diverse moving averages offers a clear visual representation of market trends, aiding traders in making informed decisions across multiple timeframes.
2. Flexibility and Customization
- With adjustable parameters, traders can adapt the MATI to their specific strategies, making it suitable for various market conditions and trading styles.
3. Real-Time Alerts and Efficiency
- Built-in alerts minimize response times, allowing traders to capitalize on opportunities as they arise, regardless of their trading style.
Conclusion
The Multi-Average Trend Indicator (MATI) is an essential tool for traders seeking to enhance their technical analysis capabilities. By seamlessly integrating multiple moving averages with dynamic color coding and real-time alerts, this indicator provides a comprehensive approach to understanding market trends. Its versatility makes it an invaluable asset for scalpers, day traders, and swing traders alike.
Important Note
As with any trading tool, thorough analysis and risk management are crucial when using this indicator. Past performance does not guarantee future results, and traders should always be prepared for market fluctuations.
Hinton Map█ HINTON MAP
This script displays a Hinton Map visualization of market data for user-defined tickers and timeframes. It uses color gradients to represent the magnitude and direction of price change, RSI, and a combination of both.
This is one example. You can modify and try other values as you wish, but do keep the incoming values between -1 and 1.
In the Example Usage:
Users can input up to 5 symbols and 5 timeframes. For each ticker/timeframe combination:
The box size represents the relative magnitude of the 2-bar percentage change.
The box fill color represents the direction and magnitude of the 2-bar percentage change.
The box border color and thickness represent the RSI deviation from 50.
The inner box color represents a combination of price change magnitude and RSI deviation from 50.
Hovering over each box displays a tooltip with the ticker, timeframe, percentage change, and RSI.
Inputs:
• Unit Size (bars):
The size of each Hinton unit in bars.
Type: int
Default Value: 10
• Border Width:
The base width of the inner box border.
Type: int
Default Value: 3
• Negative Hue (0-360):
The hue value for negative price changes (0-360).
Type: float
Default Value: 100
• Positive Hue (0-360):
The hue value for positive price changes (0-360).
Type: float
Default Value: 180
• Ticker 1-5:
The tickers to display on the Hinton map.
Type: string
Default Value: AAPL
• Timeframes (comma separated):
The timeframes to display on the Hinton map (comma-separated).
Type: string
Default Value: 1, 5, 60, 1D, 1W
(Fun Note: My Home town is named `Hinton`)
Multi Fibonacci Supertrend with Signals【FIbonacciFlux】Multi Fibonacci Supertrend with Signals (MFSS)
Overview
The Multi Fibonacci Supertrend with Signals (MFSS) is an advanced technical analysis tool that combines multiple Supertrend indicators using Fibonacci ratios to identify trend directions and potential trading opportunities.
Key Features
1. Fibonacci-Based Supertrend Levels
* Factor 1 (Weak) : 0.618 - The golden ratio
* Factor 2 (Medium) : 1.618 - The Fibonacci ratio
* Factor 3 (Strong) : 2.618 - The extension ratio
2. Visual Components
* Multi-layered Trend Lines
* Different line weights for easy identification
* Progressive transparency from Factor 1 to Factor 3
* Color-coded trend directions (Green for bullish, Red for bearish)
* Dynamic Fill Areas
* Gradient fills between price and trend lines
* Visual representation of trend strength
* Automatic color adjustment based on trend direction
* Signal Indicators
* Clear BUY/SELL labels on chart
* Position-adaptive signal placement
* High-visibility color scheme
3. Signal Generation Logic
The system generates signals based on two key conditions:
* Primary Condition :
* BUY : Price crossunder Supertrend2 (Factor 1.618)
* SELL : Price crossover Supertrend2 (Factor 1.618)
* Confirmation Filter :
* Signals only trigger when Supertrend3 confirms the trend direction
* Reduces false signals in volatile markets
Technical Details
Input Parameters
* ATR Period : 10 (default)
* Customizable for different market conditions
* Affects sensitivity of all Supertrend levels
* Factor Settings :
* All factors are customizable
* Default values based on Fibonacci sequence
* Minimum value: 0.01
* Step size: 0.01
Alert System
* Built-in alert conditions
* Customizable alert messages
* Real-time notification support
Use Cases
* Trend Trading
* Identify strong trend directions
* Filter out weak signals
* Confirm trend continuations
* Risk Management
* Multiple trend levels for stop-loss placement
* Clear entry and exit signals
* Trend strength visualization
* Market Analysis
* Multi-timeframe analysis capability
* Trend strength assessment
* Market structure identification
Benefits
* Reliability
* Based on proven Supertrend algorithm
* Enhanced with Fibonacci mathematics
* Multiple confirmation levels
* Clarity
* Clear visual signals
* Easy-to-interpret interface
* Reduced noise in signal generation
* Flexibility
* Customizable parameters
* Adaptable to different markets
* Suitable for various trading styles
Performance Considerations
* Optimized code structure
* Efficient calculation methods
* Minimal resource usage
Installation and Usage
Setup
* Add indicator to chart
* Adjust parameters if needed
* Enable alerts as required
Best Practices
* Use with other confirmation tools
* Adjust factors based on market volatility
* Consider timeframe appropriateness
Backtesting Results and Strategy Performance
This indicator is specifically designed for pullback trading with optimized risk-reward ratios in trend-following strategies. Below are the detailed backtesting results from our proprietary strategy implementation:
BTCUSDT Performance (Binance)
* Test Period: Approximately 7 years
* Risk-Reward Ratio: 2:1
* Take Profit: 8%
* Stop Loss: 4%
Key Metrics (BTCUSDT):
* Net Profit: +2,579%
* Total Trades: 551
* Win Rate: 44.8%
* Profit Factor: 1.278
* Maximum Drawdown: 42.86%
ETHUSD Performance (Binance)
* Risk-Reward Ratio: 4.33:1
* Take Profit: 13%
* Stop Loss: 3%
Key Metrics (ETHUSD):
* Net Profit: +8,563%
* Total Trades: 581
* Win Rate: 32%
* Profit Factor: 1.32
* Maximum Drawdown: 55%
Strategy Highlights:
* Optimized for pullback trading in strong trends
* Focus on high risk-reward ratios
* Proven effectiveness in major cryptocurrency pairs
* Consistent performance across different market conditions
* Robust profit factor despite moderate win rates
Note: These results are from our proprietary strategy implementation and should be used as reference only. Individual results may vary based on market conditions and implementation.
Important Considerations:
* The strategy demonstrates strong profitability despite lower win rates, emphasizing the importance of proper risk-reward ratios
* Higher drawdowns are compensated by significant overall returns
* The system shows adaptability across different cryptocurrencies with consistent profit factors
* Results suggest optimal performance in volatile crypto markets
Real Trading Examples
BTCUSDT 4-Hour Chart Analysis
Example of pullback strategy implementation on Bitcoin, showing clear trend definition and entry points
ETHUSDT 4-Hour Chart Analysis
Ethereum chart demonstrating effective signal generation during strong trends
BTCUSDT Detailed Signal Example (15-Minute Scalping)
Close-up view of signal generation and trend confirmation process on 15-minute timeframe, demonstrating the indicator's effectiveness for scalping operations
Chart Analysis Notes:
* Green and red zones clearly indicate trend direction
* Multiple timeframe confirmation visible through different Supertrend levels
* Clear entry signals during pullbacks in established trends
* Precise stop-loss placement opportunities below support levels
Implementation Guidelines:
* Wait for main trend confirmation from Factor 3 (2.618)
* Enter trades on pullbacks to Factor 2 (1.618)
* Use Factor 1 (0.618) for fine-tuning entry points
* Place stops below the relevant Supertrend level
Footnotes:
* Charts provided are from Binance exchange, using both 4-hour and 15-minute timeframes
* Trading view screenshots captured during actual market conditions
* Indicators shown: Multi Fibonacci Supertrend with all three factors
* Time period: Recent market activity showing various market conditions
Important Notice:
These charts are for educational purposes only. Past performance does not guarantee future results. Always conduct your own analysis and risk management.
Disclaimer
This indicator is for informational purposes only. Past performance is not indicative of future results. Always conduct proper risk management and due diligence.
License
Open source under MIT License
Author's Note
Contributions and suggestions for improvement are welcome. Please feel free to fork and enhance.
Dynamic Score Supertrend [QuantAlgo]Dynamic Score Supertrend 📈🚀
The Dynamic Score Supertrend by QuantAlgo introduces a sophisticated trend-following tool that combines the well-known Supertrend indicator with an innovative dynamic trend scoring technique . By tracking market momentum through a scoring system that evaluates price behavior over a customizable window, this indicator adapts to changing market conditions. The result is a clearer, more adaptive tool that helps traders and investors detect and capitalize on trend shifts with greater precision.
💫 Conceptual Foundation and Innovation
At the core of the Dynamic Score Supertrend is the dynamic trend score system , which measures price movements relative to the Supertrend’s upper and lower bands. This scoring technique adds a layer of trend validation, assessing the strength of price trends over time. Unlike traditional Supertrend indicators that rely solely on ATR calculations, this system incorporates a scoring mechanism that provides more insight into trend direction, allowing traders and investors to navigate both trending and choppy markets with greater confidence.
✨ Technical Composition and Calculation
The Dynamic Score Supertrend utilizes the Average True Range (ATR) to calculate the upper and lower Supertrend bands. The dynamic trend scoring technique then compares the price to these bands over a customizable window, generating a trend score that reflects the current market direction.
When the score exceeds the uptrend or downtrend thresholds, it signals a possible shift in market direction. By adjusting the ATR settings and window length, the indicator becomes more adaptable to different market conditions, from steady trends to periods of higher volatility. This customization allows users to refine the Supertrend’s sensitivity and responsiveness based on their trading or investing style.
📈 Features and Practical Applications
Customizable ATR Settings: Adjust the ATR length and multiplier to control the sensitivity of the Supertrend bands. This allows the indicator to smooth out noise or react more quickly to price shifts, depending on market conditions.
Window Length for Dynamic Scoring: Modify the window length to adjust how many data points the scoring system considers, allowing you to tailor the indicator’s responsiveness to short-term or long-term trends.
Uptrend/Downtrend Thresholds: Set thresholds for identifying trend signals. Increase these thresholds for more reliable signals in choppy markets, or lower them for more aggressive entry points in trending markets.
Bar and Background Coloring: Visual cues such as bar coloring and background fills highlight the direction of the current trend, making it easier to spot potential reversals and trend shifts.
Trend Confirmation: The dynamic trend score system provides a clearer confirmation of trend strength, helping you identify strong, sustained movements while filtering out false signals.
⚡️ How to Use
✅ Add the Indicator: Add the Dynamic Score Supertrend to your favourites, then apply it to your chart. Adjust the ATR length, multiplier, and dynamic score settings to suit your trading or investing strategy.
👀 Monitor Trend Shifts: Track price movements relative to the Supertrend bands and use the dynamic trend score to confirm the strength of a trend. Bar and background colors make it easy to visualize key trend shifts.
🔔 Set Alerts: Configure alerts when the dynamic trend score crosses key thresholds, so you can act on significant trend changes without constantly monitoring the charts.
🌟 Summary and Usage Tips
The Dynamic Score Supertrend by QuantAlgo is a robust trend-following tool that combines the power of the Supertrend with an advanced dynamic scoring system. This approach provides more adaptable and reliable trend signals, helping traders and investors make informed decisions in trending markets. The customizable ATR settings and scoring thresholds make it versatile across various market conditions, allowing you to fine-tune the indicator for both short-term momentum and long-term trend following. To maximize its effectiveness, adjust the settings based on current market volatility and use the visual cues to confirm trend shifts. The Dynamic Score Supertrend offers a refined, probabilistic approach to trading and investing, making it a valuable addition to your toolkit.
Market Bias IndicatorOverview
This Pine Script™ code generates a "Market Sentiment Dashboard" on TradingView, providing a visual summary of market sentiment across multiple timeframes. This tool aids traders in making informed decisions by displaying real-time sentiment analysis based on Exponential Moving Averages (EMA).
Key Features
Panel Positioning:
Custom Placement: Traders can position the dashboard at the top, middle, or bottom of the chart and align it to the left, centre, or right, ensuring optimal integration with other chart elements.
Customizable Colours:
Sentiment Colours: Users can define colours for bullish, bearish, and neutral market conditions, enhancing the dashboard's readability.
Text Colour: Customizable text colour ensures clarity against various background colours.
Label Size:
Scalable Labels: Adjustable label sizes (from very small to very large) ensure readability across different screen sizes and resolutions.
Market Sentiment Calculation:
EMA-Based Sentiment: The dashboard calculates sentiment using a 9-period EMA. If the EMA is higher than two bars ago, the sentiment is bullish; if lower, it's bearish; otherwise, it's neutral.
Multiple Timeframes: Sentiment is calculated for several timeframes: 30 minute, 1 hour, 4 hour, 6 hour, 8 hour, 12 hour, 1 day, and 1 week. This broad analysis provides a comprehensive view of market conditions.
Dynamic Table:
Structured Display: The dashboard uses a table to organize and display sentiment data clearly.
Real-Time Updates: The table updates in real-time, providing traders with up-to-date market information.
How It Works
EMA Calculation: The script requests EMA(9) values for each specified timeframe and compares the current EMA with the EMA from two bars ago to determine market sentiment.
Colour Coding: Depending on the sentiment (Bullish, Bearish, or Neutral), the corresponding cell in the table is color-coded using predefined colours.
Table Display: The table displays the timeframe and corresponding sentiment, allowing traders to quickly assess market trends.
Benefits to Traders
Quick Assessment: Traders can quickly evaluate market sentiment across multiple timeframes without switching charts or manually calculating indicators.
Enhanced Visualization: The color-coded sentiment display makes it easy to identify trends at a glance.
Multi-Timeframe Analysis: Provides a broad view of short-term and long-term market trends, helping traders confirm trends and avoid false signals.
This dashboard enhances the overall trading experience by providing a comprehensive, customizable, and easy-to-read summary of market sentiment.
Usage Instructions
Add the Script to Your Chart: Apply the "Market Sentiment Dashboard" indicator to your TradingView chart.
Customize Settings: Adjust the panel position, colours, and label sizes to fit your preferences.
Interpret Sentiment: Use the color-coded table to quickly understand the market sentiment across different timeframes and make informed trading decisions.
Saturn Retrograde PeriodsSaturn Retrograde Periods Visualizer for TradingView
This Pine Script visualizes all Saturn retrograde periods since 2009, including the current retrograde ending on November 15, 2024. The script overlays yellow boxes on your TradingView chart to highlight the exact periods of Saturn retrograde. It's a great tool for astrologically-inclined traders or those interested in market timing based on astrological events.
Key Features:
Full Historical Coverage: Displays Saturn retrograde periods from 2009 (the inception of Bitcoin) to the current retrograde ending in November 2024.
Customizable Appearance: You can easily adjust the color and opacity of the boxes directly from the script's settings window, making it flexible for various chart styles.
Visual Clarity: The boxes span the full vertical range of your chart, ensuring the retrograde periods are clearly visible over any asset, timeframe, or price action.
How to Use:
Add the script to your TradingView chart.
Adjust the color and opacity in the settings to suit your preferences.
View all relevant Saturn retrograde periods and analyze how these astrological events may align with price movements in your selected asset.
This script is perfect for traders and analysts who want to combine astrology with financial market analysis!
scripted by chat.gpt - version 1.0
RV- Dynamic Trend AnalyzerRV Dynamic Trend Analyzer
The RV Dynamic Trend Analyzer is a powerful TradingView indicator designed to help traders identify and capitalize on trends across multiple time frames—daily, weekly, and monthly. With dynamic adjustments to key technical indicators like EMA and MACD, the tool adapts to different chart periods, ensuring more accurate signals. Whether you are swing trading or holding longer-term positions, this indicator provides reliable buy/sell signals, breakout opportunities, and customizable visual elements to enhance decision-making. Its intelligent use of EMAs and MACD values ensures high potential returns, making it suitable for traders seeking strong, data-driven strategies. Below are its core features and their respective benefits.
Supertrend Indicator:
Importance: The Supertrend is a trend-following tool that helps traders identify the market’s direction by offering clear buy and sell signals based on price movement relative to the Supertrend line.
Benefits:
Helps filter out market noise and enables traders to stay in trends longer.
The pullback detection feature enhances trade timing by identifying potential entry points during retracements.
ATH/ATL & 52-Week High/Low with Candle Coloring:
Importance: Tracking all-time highs (ATH), all-time lows (ATL), and 52-week high/low levels helps traders identify key support and resistance levels.
Benefits:
Offers insights into the strength of price movements and potential reversal zones.
Candle coloring improves visual analysis, allowing quick identification of bullish or bearish conditions at critical levels.
Multi-Time Frame Analysis
Importance: The ability to view indicators like RSI and MACD across multiple time frames provides a more in-depth and comprehensive view of market behavior, allowing traders to make informed decisions that align with both short-term and long-term trends.
Benefits:
Align Strategies Across Time frames: By using multiple time frames, traders can align their strategies with larger trends (such as weekly or daily) while executing trades on lower time frames (like 1-minute or 5-minute charts). This improves the accuracy of trade entries and exits.
Reduce False Signals: Viewing key technical indicators like RSI and MACD across different time frames reduces the likelihood of false signals by offering a broader market context, filtering out noise from smaller time frames.
Customization of Table Display: Traders can customize the position and size of a table that displays RSI and MACD values for selected time frames. This flexibility enhances visibility and ease of analysis.
Time frame-Specific Data: The code allows for displaying RSI and MACD data for up to seven different time frames, making it highly customizable for traders depending on their preferred analysis period.
Visual Clarity: The table displays key values such as RSI and MACD histogram readings in a visually clear format, with color coding to quickly indicate overbought/oversold levels or MACD crossovers.
Pivot Points:
Importance: Pivot points serve as key support and resistance levels that help predict potential price movements.
Benefits:
Assists in identifying potential reversal zones and breakout points, aiding in trade planning.
Displaying pivot points across multiple time frames enhances market insight and improves strategic planning.
Quarterly Earnings Table:
Importance: Understanding a company’s quarterly earnings releases is crucial, as these events often lead to significant price volatility. Traders can leverage this information to adjust their strategies around earnings reports and prevent unexpected losses.
Benefits:
Helps traders anticipate potential price movements due to earnings reports.
Allows traders to avoid sudden losses by being aware of important earnings announcements and adjusting positions accordingly.
Customizable Visuals for Traders:
Dark Mode: Toggle between dark and light themes based on your chart's color scheme.
Mini Mode: A condensed version that visually simplifies the data, making it quicker to interpret through color-coded traffic lights (green for positive, red for negative).
Table Size & Position: Customize the size and position of the table for better visibility on your charts.
Data Period (FQ vs FY): Easily switch between displaying quarterly or yearly data based on the selected period.
Top-Left Cell Display: Option to display Free Float or Market Cap in the top-left cell for quick reference.
Exponential Moving Averages (EMAs) with Adjustable Lengths:
Importance: EMAs are essential for identifying trends and generating reliable buy/sell signals. The indicator plots four EMAs that dynamically adjust based on the selected time frame.
Benefits:
Dynamic Time frame Logic: EMA lengths and sources automatically adapt based on whether the user selects daily, weekly, or monthly time frames. This ensures the EMAs are relevant for the chosen strategy.
Multiple EMAs: By incorporating four different EMAs, users can observe both short-term and long-term trends simultaneously, improving their ability to identify key trend shifts.
Breakout Arrow Functionality:
Importance: This feature visually signals potential buy/sell opportunities based on the interaction between EMAs and MACD crossovers.
Benefits:
Crossover Signals: Arrows are plotted when EMAs and MACD cross, indicating breakout opportunities and aiding in quick trade decisions.
RSI Filter Option: Users can apply an optional RSI filter to refine buy/sell signals, reducing false signals and improving overall accuracy.
Disclaimer:
Before engaging in actual trading, we strongly recommend back testing the this indicator to ensure it fits your trading style and risk tolerance. Be sure to adjust your risk-reward ratio and set appropriate stop-loss levels to safeguard your investments. Proper risk management is key to successful trading.
Price Action All In OneThis indicator represents the most advanced level of price action indicators, incorporating six useful features: traditional gaps, shadow gaps, bar counting, moving averages, previous values, and IO pattern matching .
When I refer to price action, I mean the teachings of Dr. Al Brooks.
While you can find these features in other indicators, mine is more advanced. The default settings are designed to work on a 5-minute timeframe, but you can also use this indicator on other time periods if you prefer.
Gaps
Traditional Gaps: Occurs when the lowest price of a bar is higher than the highest price of the previous bar, or the highest price of a bar is lower than the lowest price of the previous bar.
Shadow/Tail Gaps: Occurs when the lowest price of a bar is higher than the highest price of the second last bar, or the highest price of a bar is lower than the lowest price of the second last bar.
Gaps indicate strength, and consecutive gaps in one direction are characteristic of a strong trend. They offer a perspective on the strength of a trend, signifying that limit orders on one side are at a loss with no opportunity to exit at breakeven. Can bulls or bears create gaps? Are the gaps they create filled, or do they remain open?
Traditional Gaps & Shadow/Tail Gaps
Bar Counting
The ability to use different timeframes (e.g., to determine the minute within an hour or the hour within a week).
Consistent display of 1; in other indicators, if you set intervals to 2, you see 2, 4, 6, etc., or 1, 2, 4, 6. In my indicator, you will see 1, 3, 5, etc.
In intraday trading, certain specific times are more important than others. For example, a form of reversal is more likely to occur at the midpoint of the trading day (if there are 80 candles in a day, the midpoint is at the 40th candle).
This doesn't mean you should make reversal trades at the 40th candle. The bar count feature simply reminds you of the current time, helping you gauge how long until the trading day ends. For instance, if there are 80 candles in a day and you're an intraday trader, you probably shouldn't make a swing trade at the 70th candle because there are only 10 candles left until the close—likely not enough time for a swing to develop.
Additionally, if you trade on a 5-minute timeframe, seeing candles numbered 3, 6, 9, etc. indicates the close of a 15-minute candle. This means that in addition to 5-minute timeframe traders, 15-minute timeframe traders will also pay attention to these candles, making them more significant. For the same reason, the 12th candle is crucial, as its close also marks the close of an hourly candle.
Day Time Frame & Week Time Frame
Moving Averages
Provides three EMAs. You can set different timeframes and choose between continuous or discrete modes.
Moving averages are excellent tools for determining trends. The 20 EMA is particularly popular, which increases its significance. Traders using different timeframes, such as 5-minute, 15-minute, and 1-hour, all utilize the 20 EMA. This indicator allows you to see what traders on 15-minute and 1-hour timeframes are observing, even when you're on a 5-minute timeframe.
Once again, the default settings of this indicator assume that the user is trading intraday on a 5-minute timeframe. However, if that's not the case, you can easily adjust the moving average periods. For instance, if you trade on a 1-hour timeframe and want to display the 4-hour and daily moving averages on your chart, this can be done effortlessly.
5m 20, 15m 20 & 1h 20
Previous Values
Features three previous value displays. You can set their sources and timeframes independently and define the range for all previous values.
For intraday trading, marking the previous day's high, low, and close prices can be crucial. While some other indicators provide this feature, mine does it better. You can set different timeframes and choose various sources. For example, you might want to display the average of (O+H+L+C)/4 for the last week.
In addition to setting the timeframe and source, you can also configure the display range:
All: This will show the data in all positions. For example, you can see the high price from two days ago on yesterday's chart.
Today: This will only display the previous day's high price on the current day's chart.
Timeframe: This will display the data based on the specified timeframe you set.
Last Week High, Last Day Close & Low(Timeframe Display)
IO Pattern Matching
More advanced than other IO pattern matching indicators. For adjacent IIs, it merges to display as III, IIII, and so on. The same applies to OO patterns. Additionally, it automatically merges adjacent IOI and II into IOII, and adjacent OO and IOI into IIOI.
II Pattern: This refers to two consecutive inside bar candles. On a lower timeframe, the II pattern forms a converging triangle, which is a breakout pattern. The II pattern could also potentially become a final flag, which is the last flag in a trend.
OO Pattern: This refers to two consecutive outside bar candles. On a lower timeframe, the OO pattern forms an expanding triangle. You can use the OO pattern similarly to how you would use an expanding triangle.
IOI Pattern: This pattern occurs when the first candle is contained within the second candle, and the third candle is also contained within the second candle. This is a breakout pattern and could similarly represent a terminal flag in a trend.
The appearance of II, OO, or IOI patterns does not necessarily mean you should make a reversal trade. These patterns are meant to mark potential moves in a lower timeframe within the current cycle, providing a new perspective on the market and reminding you to stay vigilant.
You shouldn't look for IO patterns in a tight trading range. There are many IO patterns in a tight trading range, but they don't hold much significance.
II, OO & IOI
NYSE, Euronext, and Shanghai Stock Exchange Hours IndicatorNYSE, Euronext, and Shanghai Stock Exchange Hours Indicator
This script is designed to enhance your trading experience by visually marking the opening and closing hours of major global stock exchanges: the New York Stock Exchange (NYSE), Euronext, and Shanghai Stock Exchange. By adding vertical lines and background fills during trading sessions, it helps traders quickly identify these critical periods, potentially informing better trading decisions.
Features of This Indicator:
NYSE, Euronext, and Shanghai Stock Exchange Hours: Displays vertical lines at market open and close times for these three exchanges. You can easily switch between showing or hiding the different exchanges to customize the indicator for your needs.
Background Fill: Highlights the trading hours of these exchanges using faint background colors, making it easy to spot when markets are in session. This feature is crucial for timing trades around overlapping trading hours and volume peaks.
Customizable Visuals: Adjust the color, line style (solid, dotted, dashed), and line width to match your preferences, making the indicator both functional and visually aligned with your chart's aesthetics.
How to Use the Indicator:
Add the Indicator to Your Chart: Add the script to your chart from the TradingView script library. Once added, the indicator will automatically plot vertical lines at the opening and closing times of the NYSE, Euronext, and Shanghai Stock Exchange.
Customize Display Settings: Choose which exchanges to display by enabling or disabling the NYSE, Euronext, or Shanghai sessions in the indicator settings. This allows you to focus only on the exchanges that are relevant to your trading strategy.
Adjust Visual Properties: Customize the appearance of the vertical lines and background fill through the settings. Modify the color of each exchange, adjust the line style (solid, dotted, dashed), and control the line thickness to suit your chart preferences. The background fill can also be customized to clearly highlight active trading sessions.
Identify Key Market Hours: Use the vertical lines and background fills to identify the market open and close times. This is particularly useful for understanding how price action changes during specific trading hours or for finding high liquidity periods when multiple markets are open simultaneously.
Adapt Trading Strategies: By knowing when major stock exchanges are open, you can adapt your trading strategy to take advantage of potential price movements, increased volatility, or volume. This can help you avoid low-liquidity times and capitalize on more active trading periods.
This indicator is especially valuable for traders focusing on cross-market dynamics or those interested in understanding how different sessions influence market liquidity and price action. With this tool, you can gain insight into market conditions and adapt your trading strategies accordingly. The clean visual separation of session times helps you maintain context, whether you're trading Forex, stocks, or cryptocurrencies.
Disclaimer: This script is intended for informational and educational purposes only. It does not constitute financial advice or a recommendation to buy or sell any financial instrument. Always conduct your own research and consult with a licensed financial advisor before making any trading decisions. Trading involves risk, and past performance is not indicative of future results.
Memecoin TrackerMemecoin Z-Score Tracker with Buy/Sell Table - Technical Explanation
How it Works:
This indicator calculates the Z-scores of various memecoins based on their price movements, using historical funding rates across multiple exchanges. A Z-score measures the deviation of the current price from its moving average, expressed in standard deviations. This provides insight into whether a coin is overbought (positive Z-score) or oversold (negative Z-score) relative to its recent history.
Key Components:
- Z-Score Calculation
- The lookback period is dynamically adjusted based on the chart’s timeframe to ensure consistency across different time intervals:
- For lower timeframes (e.g., minutes), the base lookback period is scaled to match approximately 240 minutes.
- For daily and higher timeframes, the base lookback period is fixed (e.g., 14 bars).
Memecoin Selection:
The indicator tracks several popular memecoins, including DOGE, SHIB, PEPE, FLOKI, and others.
Funding rates are fetched from exchanges like Binance, Bybit, and MEXC using the request.security() function, ensuring accurate real-time price data.
Thresholds for Buy/Sell Signals:
Users can set custom Z-score thresholds for buy (oversold) and sell (overbought) signals:
Default upper threshold: 2.5 (indicates overbought condition).
Default lower threshold: -2.5 (indicates oversold condition).
When a memecoin’s Z-score crosses above or below these thresholds, it signals potential buy or sell conditions.
Buy/Sell Table:
A table with two columns (BUY and SELL) is dynamically populated with memecoins that are currently oversold (buy signal) or overbought (sell signal).
Each column can hold up to 20 entries, providing a clear overview of current market opportunities.
Visual Feedback:
The Z-scores of each memecoin are plotted as a line on the chart, with color-coded feedback:
Red for overbought (Z-score > upper threshold),
Green for oversold (Z-score < lower threshold),
Other colors indicate neutral conditions.
Horizontal lines representing the upper and lower thresholds are plotted for reference.
How to Use It:
Adjust Thresholds:
You can modify the upper and lower Z-score thresholds in the settings to customize sensitivity. Lower thresholds will increase the likelihood of triggering buy/sell signals for smaller price deviations, while higher thresholds will focus on more extreme conditions.
View Real-Time Signals:
The table shows which memecoins are currently oversold (buy column) or overbought (sell column), updating dynamically as price data changes. Traders can monitor this table to identify trading opportunities quickly.
Use with Different Timeframes:
The Z-score lookback period adjusts automatically based on the chart's timeframe, making this indicator suitable for intraday and long-term traders.
Use shorter timeframes (e.g., 1-minute, 5-minute charts) for faster signals, while longer timeframes (e.g., daily, weekly) may yield more stable, trend-based signals.
Who It Is For:
Short-Term Traders: Those looking to capitalize on short-term price imbalances (e.g., day traders, scalpers) can use this indicator to identify quick buy/sell opportunities as memecoins oscillate around their moving averages.
Swing Traders: Swing traders can use the Z-score tracker to identify overbought or oversold conditions across multiple memecoins and ride the reversals back toward equilibrium.
Crypto Enthusiasts and Memecoin Investors: Anyone involved in the volatile memecoin market can use this tool to better time entries and exits based on market extremes.
This indicator is for traders seeking quantitative analysis of price extremes in memecoins. By tracking the Z-scores across multiple coins and dynamically updating buy/sell opportunities in a table, it provides a systematic approach to identifying trade setups.
XAUUSD Multi-Timeframe Trend AnalyzerOverview
The "XAUUSD Multi-Timeframe Trend Analyzer" is an advanced script designed to provide a comprehensive analysis of the XAUUSD (Gold/US Dollar) trend across multiple timeframes simultaneously. By combining several key technical indicators, this tool helps traders quickly assess the market direction and trend strength for M15, M30, H1, H4, and D1 timeframes.
Multi-Timeframe Analysis: Displays the trend direction and strength across M15, M30, H1, H4, and D1 timeframes, allowing for a complete overview in a single glance.
Comprehensive Indicator Blend: Utilizes six popular technical indicators to determine the trend—Moving Averages, RSI, MACD, Bollinger Bands, DMI, and Parabolic SAR.
Trend Strength Scoring: Provides a numerical trend strength score (from -6 to 6) based on the alignment of the indicators, with positive values indicating uptrends and negative values for downtrends.
Visual Table Display: Displays results in a color-coded table (green for uptrend, red for downtrend, yellow for neutral) with a strength score for each timeframe, helping traders quickly assess market conditions.
How It Works
This script calculates the overall trend and its strength for each selected timeframe by analyzing six widely-used technical indicators:
Moving Averages (MA): The script uses a Fast and a Slow Moving Average. When the Fast MA crosses above the Slow MA, it indicates an uptrend. When the Fast MA crosses below, it signals a downtrend.
Relative Strength Index (RSI): The RSI is used to assess momentum. An RSI value above 50 suggests bullish momentum, while a value below 50 suggests bearish momentum.
Moving Average Convergence Divergence (MACD): MACD measures momentum and trend direction. When the MACD line crosses above the signal line, it signals bullish momentum; when it crosses below, it signals bearish momentum.
Bollinger Bands: These measure price volatility. When the price is above the middle Bollinger Band, the script considers the trend to be bullish, and when it's below, bearish.
Directional Movement Index (DMI): The DMI compares positive directional movement (DI+) and negative directional movement (DI-). A stronger DI+ over DI- signals an uptrend and vice versa.
Parabolic SAR: This indicator is used for determining potential trend reversals and setting stop-loss levels. If the price is above the Parabolic SAR, it indicates an uptrend, and if below, a downtrend.
Trend Strength Calculation
The script calculates a trend strength score for each timeframe:
Each indicator adds or subtracts 1 to the score based on whether it aligns with an uptrend or a downtrend.
A score of 6 indicates a Strong Uptrend, with all indicators aligned bullishly.
A score of -6 indicates a Strong Downtrend, with all indicators aligned bearishly.
Intermediate scores (e.g., 2 or -2) indicate Weak Uptrend or Weak Downtrend, suggesting that not all indicators are in agreement.
A score between 1 and -1 indicates a Neutral trend, suggesting uncertainty in the market.
How to Use
Assess Trend Direction and Strength: The table provides an easy-to-read summary of the trend and its strength on different timeframes. Look for timeframes where the strength is high (either 6 for a strong uptrend or -6 for a strong downtrend) to confirm the market’s overall direction.
Use in Conjunction with Other Strategies: This indicator is designed to provide a comprehensive view of the market. Traders should combine it with other strategies, such as price action analysis or candlestick patterns, to further confirm their trades.
Trend Reversal or Continuation: A weak trend (e.g., a strength of 2 or -2) could signal a possible reversal or a trend that has lost momentum. Strong trends (with a strength of 6 or -6) indicate higher confidence in trend continuation.
Multiple Timeframe Confirmation: Look for alignment across multiple timeframes to confirm the strength and direction of the trend before entering trades. For example, if M15, M30, and H1 are all showing a strong uptrend, it suggests a higher probability of the trend continuing.
Customization Options
- Adjustable Indicators: Users can modify the length and parameters of the Moving Averages, RSI, MACD, Bollinger Bands, DMI, and Parabolic SAR to suit their trading style.
- Flexible Timeframes: You can toggle between different timeframes (M15, M30, H1, H4, D1) to focus on the intervals most relevant to your strategy.
Ideal For
- Traders looking for a detailed, multi-timeframe trend analysis tool for XAUUSD.
- Traders who rely on trend-following strategies and need confirmation across multiple timeframes.
- Those who prefer a multi-indicator approach to avoid false signals and improve the accuracy of their trades.
Disclaimer
This indicator is for informational and educational purposes only. It is recommended to combine this with proper risk management strategies and your own analysis. Past performance does not guarantee future results. Always perform your own due diligence before making trading decisions.
Multiple SMA, EMA, and VWAP CrossoversMultiple SMA, EMA, and VWAP Crossovers with Alerts
Overview : The "Multiple SMA, EMA, and VWAP Crossovers" script is designed for traders who want to monitor various simple moving averages (SMAs), exponential moving averages (EMAs), and the volume-weighted average price (VWAP) to identify potential buy and sell opportunities. This script allows you to visualize key moving averages on your chart and create custom alerts for specific crossover events.
Detail s: This script plots the following moving averages:
Simple Moving Averages (SMA): 5, 10, 20, 50, 100, 200, and 325 periods
Exponential Moving Average (EMA): 9 periods
Volume-Weighted Average Price (VWAP)
It includes options to display these moving averages and set alerts for their crossovers.
Available Crossovers:
20/50 SMA, 20/100 SMA, 20/200 SMA, 20/325 SMA
50/100 SMA, 50/200 SMA, 50/325 SMA
100/200 SMA, 100/325 SMA
200/325 SMA
VWAP/20 SMA, VWAP/50 SMA, VWAP/100 SMA, VWAP/200 SMA, VWAP/325 SMA
Optional Lines to Add to the Chart:
9 EMA, 5 SMA, 10 SMA, 20 SMA, 50 SMA, 100 SMA, 200 SMA, 325 SMA, VWAP
How to Use:
Enable Indicators: Use the input options to select which SMAs, EMA, and VWAP you want to display on your chart.
Set Alerts: Choose the specific crossover events you want to monitor. For example, you can set an alert for the 20/50 SMA crossover or the VWAP/100 SMA crossover.
Monitor the Chart: The script will plot the selected moving averages on your chart. When a selected crossover event occurs, an alert will be triggered, notifying you of the potential trade opportunity.
Usage Tips:
Trending Market: Use the buy and sell alerts in trending markets where the moving averages can help confirm the direction of the trend.
Key Support and Resistance Levels: Combine crossover alerts with key support and resistance levels for more reliable trading signals.
Volume Confirmation: Ensure there is sufficient volume to support the crossover signals, indicating stronger momentum behind the move.
When NOT to Use Buy and Sell Alerts:
Low Volume: Avoid using buy and sell alerts during periods of low trading volume, as the signals may be less reliable.
Market Noise: Be cautious in highly volatile markets where frequent crossovers might generate false signals.
Sideways Market: In a sideways or range-bound market, crossover signals can result in multiple whipsaws, leading to potential losses.
Why Use This Script? This script provides a comprehensive tool for traders to monitor multiple moving averages and VWAP crossovers efficiently. It allows you to customize alerts based on your trading strategy and helps you make informed decisions by visualizing key technical indicators on your chart.
Legal Disclaimer: The information provided by this script is for educational and informational purposes only and should not be considered financial advice. The developer of this script is not responsible for any financial losses incurred from using this script.
Cumulative Volume Delta Strategy | Flux Charts💎 GENERAL OVERVIEW
Introducing the Cumulative Volume Delta Strategy (CVDS) Indicator, an advanced tool designed to enhance trading strategies by identifying potential trend reversals through volume dynamics. This script features integrated order block detection, Fair Value Gaps (FVGs), and a dynamic take-profit (TP) and stop-loss (SL) system. For an in-depth understanding of the strategy, refer to the "HOW DOES IT WORK?" section below.
Features of the new Cumulative Volume Delta Strategy (CVDS) Indicator :
Cumulative Volume Delta-based Strategy
Order Block and Fair Value Gap (FVG) Entry Methods
Dynamic TP/SL System
Customizable Risk Management Settings
Alerts for Buy, Sell, TP, and SL Signals
📌 HOW DOES IT WORK ?
The CVDS indicator operates by tracking the net volume difference between buyers and sellers to identify divergences that could indicate potential trend reversals. A cumulative volume delta (CVD) calculation is employed to measure the intensity of these divergences in relation to price movements. The net volume sum is reset every trading day (can be changed from the settings using the anchor period option), and divergences are detected when the cumulative volume crosses the 0-line over or under.
Once a significant divergence is detected, the indicator identifies breakout points, confirmed by either Fair Value Gaps (FVGs) or Order Blocks (OBs). Depending on your chosen entry mode, the indicator will trigger a buy or sell entry when the confirmation signal aligns with the breakout direction. Alerts for Buy, Sell, Take-Profit, and Stop-Loss are available.
Note that the indicator cannot run on 1-minute and 1-second charts, as it needs to get data from a lower timeframe. 1-minutes & 1-second timeframes are the minimum timeframes in their ranges respectively.
🚩 UNIQUENESS
What sets this indicator apart is the combination of volume divergence analysis with advanced price action tools like Fair Value Gaps (FVGs) and Order Blocks (OBs). The ability to choose between these methods, along with a dynamic TP/SL system that adapts based on volatility, provides flexibility for traders in any market condition. The backtesting dashboard provides metrics about the performance of the indicator. You can use it to tune the settings for best use in the current ticker. The CVD-based strategy ensures that trades are initiated only when meaningful divergences between volume and price occur, filtering out noise and increasing the likelihood of profitable trades.
⚙️ SETTINGS
1. General Configuration
Anchor Period: Time anchor period used in CVD calculation. This is essentially the period that the volume delta sum will be reset. Lower timeframes may result in more entries at the cost of less reliable results.
Entry Mode: Choose between FVGs or OBs to trigger your entries based on the confirmation signals.
Retracement Requirement: Enable to confirm the entry after a retracement toward the FVG or OB.
2. Fair Value Gaps
FVG Sensitivity: Modify the sensitivity of FVG detection, allowing for more or fewer gaps to be considered valid.
3. Order Blocks (OB)
Swing Length: Define the swing length to identify OB formations. Shorter lengths find smaller OBs, while longer lengths detect larger structures.
4. TP / SL
TP / SL Method:
a) Dynamic: The TP / SL zones will be auto-determined by the algorithm based on the Average True Range (ATR) of the current ticker.
b) Fixed : You can adjust the exact TP / SL ratios from the settings below.
Dynamic Risk: The risk you're willing to take if "Dynamic" TP / SL Method is selected. Higher risk usually means a better winrate at the cost of losing more if the strategy fails. This setting is has a crucial effect on the performance of the indicator, as different tickers may have different volatility so the indicator may have increased performance when this setting is correctly adjusted.
Dynamic Score PSAR [QuantAlgo]Dynamic Score PSAR 📈🧬
The Dynamic Score PSAR by QuantAlgo introduces an innovative approach to trend detection by utilizing a dynamic trend scoring technique in combination with the Parabolic SAR. This method goes beyond traditional trend-following indicators by evaluating market momentum through a scoring system that analyzes price behavior over a customizable window. By dynamically adjusting to evolving market conditions, this indicator provides clearer, more adaptive trend signals that help traders and investors anticipate market reversals and capitalize on momentum shifts with greater precision.
💫 Conceptual Foundation and Innovation
At the core of the Dynamic Score PSAR is the dynamic trend score system, which assesses price movements by comparing normalized PSAR values across a range of historical data points. This dynamic trend scoring technique offers a unique, probabilistic approach to trend analysis by evaluating how the current market compares to past price movements. Unlike traditional PSAR indicators that rely on static parameters, this scoring mechanism allows the indicator to adjust in real time to market fluctuations, offering traders and investors a more responsive and insightful view of trends. This innovation makes the Dynamic Score PSAR particularly effective in detecting shifts in momentum and potential reversals, even in volatile or complex market environments.
✨ Technical Composition and Calculation
The Dynamic Score PSAR is composed of several advanced components designed to provide a higher probability of detecting accurate trend shifts. The key innovation lies in the dynamic trend scoring technique, which iterates over historical PSAR values and evaluates price momentum through a dynamic scoring system. By comparing the current normalized PSAR value with previous data points over a user-defined window, the system generates a score that reflects the strength and direction of the trend. This allows for a more refined and responsive detection of trends compared to static, traditional indicators.
To enhance clarity, the PSAR values are normalized against an Exponential Moving Average (EMA), providing a standardized framework for comparison. This normalization ensures that the indicator adapts dynamically to market conditions, making it more effective in volatile markets. The smoothing process reduces noise, helping traders and investors focus on significant trend signals.
Additionally, users can adjust the length of the data window and the sensitivity thresholds for detecting uptrends and downtrends, providing flexibility for different trading and investing environments.
📈 Features and Practical Applications
Customizable Window Length: Adjust the window length to control the indicator’s sensitivity to recent price movements. This provides flexibility for short-term or long-term trend analysis.
Uptrend/Downtrend Thresholds: Set customizable thresholds for identifying uptrends and downtrends. These thresholds define when trend signals are triggered, offering adaptability to different market conditions.
Bar Coloring and Gradient Visualization: Visual cues, including color-coded bars and gradient fills, make it easier to interpret market trends and identify key moments for potential trend reversals.
Momentum Confirmation: The dynamic trend scoring system evaluates price action over time, providing a probabilistic measure of market momentum to confirm the strength and direction of a trend.
⚡️ How to Use
✅ Add the Indicator: Add the Dynamic Score PSAR to your favourites, then to your chart and adjust the PSAR settings, window length, and trend thresholds to match your preferences. Customize the sensitivity to price movements by tweaking the window length and thresholds for different market conditions.
👀 Monitor Trend Shifts: Watch for trend changes as the normalized PSAR values cross key thresholds, and use the dynamic score to confirm the strength and direction of trends. Bar coloring and background fills visually highlight key moments for trend shifts, making it easier to spot reversals.
🔔 Set Alerts: Configure alerts for significant trend crossovers and reversals, ensuring you can act on market movements promptly, even when you’re not actively monitoring the charts.
🌟 Summary and Usage Tips
The Dynamic Score PSAR by QuantAlgo is a powerful tool that combines traditional trend-following techniques with the flexibility of a dynamic trend scoring system. This innovative approach provides clearer, more adaptive trend signals, reducing the risk of false entries and exits while helping traders and investors capture significant market moves. The ability to adjust the indicator’s sensitivity and thresholds makes it versatile across different trading and investing environments, whether you’re focused on short-term pivots or long-term trend reversals. To maximize its effectiveness, fine-tune the sensitivity settings based on current market conditions and use the visual cues to confirm trend shifts.
Futures Globex Session(s)This indicator draws a box around the Globex Session for the various Futures markets. The box height defines the highs and lows of that session, and the width defines the timeframe of that session. The boxes are outlined green if price rose during that period, and red if price fell during that period. The default Globex Session is set for the Equity Index Futures and is set in the UTC-4 time zone (Eastern Time). In the settings you can adjust the session time and time zone of your Globex Session to reflect the trading times of that market. Below are the session times for various Futures markets set in time zone UTC-4.
Equity Indexes: 18:00 - 9:30
(ES, NQ, YM, RTY)
Treasuries: 18:00 - 8:20
(ZN, ZB)
Metals: 18:00 - 8:20
(GC)
Energies: 18:00 - 9:00
(CL, NG)
Agricultures: 20:00 - 9:30
(ZS, ZW)
ORB Daily 10 min (9:30am-3pm)This script implements the Opening Range Breakout (ORB) strategy for the New York trading session, specifically from 9:30 AM to 3:00 PM (Eastern Time). It identifies the high and low of the first 10 minutes (the first two 5-minute candles) after the market opens and draws a box representing this range. The box remains on the chart throughout the day until 3:00 PM. This strategy is useful for traders looking to trade breakouts of the opening range, often indicating potential trends or reversals.
NY Open Time Indicator (London Time)The NY Open Time Indicator is designed for traders who want to mark the opening time of the New York Stock Exchange (NYSE) on their charts, specifically for assets traded during the London session. This indicator plots a vertical line at 2:30 PM London time (UTC+1), representing the moment the NYSE opens for trading.
Features:
Time Zone Adjustment: Automatically adjusts to reflect the NY opening time based on London time, accounting for daylight saving changes.
Visual Cue: The vertical line serves as a clear visual marker, helping traders identify potential market movements and volatility around the NY open.
Customizable Appearance: The color and width of the vertical line can be adjusted in the script to fit individual preferences and chart styles.
Simplicity: Easy to implement and understand, making it suitable for both novice and experienced traders.
Use Cases:
Day Trading: Use this indicator to pinpoint significant market entry and exit points around the NY open, which is often a time of increased activity and volatility.
Market Analysis: Combine this indicator with other technical analysis tools to assess potential price movements and trends as the market opens.
Installation: Add this indicator to your TradingView chart and customize it to suit your trading strategy. (Public Code)
Candle Range Theory | Flux Charts💎 GENERAL OVERVIEW
Introducing our new Candle Range Theory Indicator! This powerful tool offers a strategy built around the Candle Range Theory, which analyzes market movements through the relative size and structure of price candles. For more information about the process, check the "HOW DOES IT WORK" section.
Features of the new Candle Range Theory Indicator :
Implementation of the Candle Range Theory
FVG & Order Block Entry Methods
2 Different TP / SL Methods
Customizable Execution Settings
Customizable Backtesting Dashboard
Alerts for Buy, Sell, TP & SL Signals
📌 HOW DOES IT WORK ?
The Candle Range Theory (CRT) indicator operates by identifying significant price movements through the relative size and structure of candlesticks. A key part of the strategy is determining large candles based on their range compared to the Average True Range (ATR) in a higher timeframe. Once identified, a breakout of either the high wick or the low wick of the large candle is required. This breakout is considered a liquidity grab. After that, the indicator waits for confirmation through Fair Value Gaps (FVGs) or Order Blocks (OBs). The confirmation structure must be the opposite direction of the breakout, for example if the high wick is broken, a bearish FVG is required for the short entry. After a confirmation signal is received, the indicator will trigger entry points based on your chosen entry method (FVG or OB), and exit points will be calculated using either a dynamic ATR-based TP/SL method or fixed percentages. Alerts for Buy, Sell, Take-Proft, and Stop-Loss are available.
🚩 UNIQUENESS
This indicator stands out because it combines two highly effective entry methods: Fair Value Gaps (FVGs) and Order Blocks (OBs). You can choose between these strategies depending on market conditions. Additionally, the dynamic TP/SL system uses the ticker's volatility to automatically calculate stop-loss and take-profit targets. The backtesting dashboard provides metrics about the performance of the indicator. You can use it to tune the settings for best use in the current tiker. The Candle Range Theory approach offers more flexibility compared to traditional indicators, allowing for better customization and control based on your risk tolerance.
⚙️ SETTINGS
1. General Configuration
Higher Timeframe: Customize the higher timeframe for analysis. Recommended combinations include M15 -> H4, H4 -> Daily, Daily -> Weekly, and Weekly -> Monthly.
HTF Candle Size: Define the size of the higher timeframe candles as Big, Normal, or Small to filter valid setups based on their range relative to ATR.
Entry Mode: Choose between FVGs and Order Blocks for your entry triggers.
Require Retracement: Enable this option if you want a retracement to the FVG or OB for entry confirmation.
Show HTF Candle Lines: Toggle to display the higher timeframe candle lines for better visual clarity.
2. Fair Value Gaps
FVG Sensitivity: You may select between Low, Normal, High or Extreme FVG detection sensitivity. This will essentially determine the size of the spotted FVGs, with lower sensitivities resulting in spotting bigger FVGs, and higher sensitivities resulting in spotting all sizes of FVGs.
3. Order Blocks
Swing Length: Swing length is used when finding order block formations. Smaller values will result in finding smaller order blocks.
4. TP / SL
TP / SL Method:
a) Dynamic: The TP / SL zones will be auto-determined by the algorithm based on the Average True Range (ATR) of the current ticker.
b) Fixed : You can adjust the exact TP / SL ratios from the settings below.
Dynamic Risk: The risk you're willing to take if "Dynamic" TP / SL Method is selected. Higher risk usually means a better winrate at the cost of losing more if the strategy fails. This setting is has a crucial effect on the performance of the indicator, as different tickers may have different volatility so the indicator may have increased performance when this setting is correctly adjusted.
AmirAli 20 Pairs/USDT&BTCThis TradingView indicator, titled "20 Pairs/USDT&BTC," is designed to analyze and display the Exponential Moving Averages (EMAs) of various cryptocurrency pairs against USDT and BTC. Here's a detailed breakdown of its features, functionality, and usage:
Key Features:
Pairs Display: The indicator allows users to select which cryptocurrency pairs they wish to display on the chart. The available options include popular cryptocurrencies such as Ethereum (ETH), Binance Coin (BNB), Solana (SOL), Dogecoin (DOGE), Ripple (XRP), Litecoin (LTC), Polkadot (DOT), Avalanche (AVAX), Uniswap (UNI), Chainlink (LINK), Cardano (ADA), Cosmos (ATOM), Filecoin (FIL), Stellar (XLM), VeChain (VET), Enjin (ENJ), Celo (CELO), Hedera (HBAR), and Sandbox (SAND).
Dynamic Price Retrieval: For each selected pair, the indicator retrieves the closing prices for both USDT and BTC from Binance. This is done using the request.security function, which fetches real-time data.
EMA Calculation: The indicator calculates and plots the EMA for each cryptocurrency pair over a user-defined length, allowing traders to identify trends and potential buy/sell signals based on price movements relative to their EMAs.
User Customization: Users can customize several parameters, including the time frame for data retrieval, EMA length, and the visibility of each pair.
Market Hours Visualization: The indicator highlights the trading hours with a gray background, helping users identify when the market is active.
How to Use the Indicator:
Adding the Indicator: To use the indicator, add it to your TradingView chart by searching for "20 Pairs/USDT&BTC" in the public library or by pasting the provided Pine Script code into a new indicator script.
Select Pairs: Enable or disable specific cryptocurrency pairs in the input options at the top of the script. For example, if you want to analyze ETH and ADA, ensure that the respective boxes are checked.
Adjust Time Frame: Set the time frame for the indicator. You can choose any time frame or leave it blank to use the current chart's time frame.
Set EMA Length: Choose the length for the EMA calculation based on your trading strategy. A shorter EMA (e.g., 5) reacts more quickly to price changes, while a longer EMA (e.g., 20) smooths out price fluctuations.
Observe Trends: Monitor the plotted EMAs for the selected pairs. Crossovers of the price with the EMA can indicate potential buy or sell signals. For instance, if the price crosses above the EMA, it may signal a bullish trend, whereas a crossover below could indicate a bearish trend.
Consider Market Hours: Pay attention to the gray background during U.S. trading hours, as this may indicate higher volatility and trading opportunities.
Conclusion
The "20 Pairs/USDT&BTC" indicator is a powerful tool for cryptocurrency traders looking to analyze multiple pairs simultaneously. By providing a visual representation of EMAs, it aids in identifying trends and potential trading opportunities in a user-friendly manner. Make sure to adapt the settings according to your trading strategy and market conditions for optimal results.
Amir Hasankhah & Ali Beyki
Parent Session Sweeps + Alert Killzone Ranges with Parent Session Sweep
Key Features:
1. Multiple Session Support: The script tracks three major trading sessions - Asia, London, and New York. Users can customize the timing of these sessions.
2. Killzone Visualization: The strategy visually represents each session's range, either as filled boxes or lines, allowing traders to easily identify key price levels.
3. Parent Session Logic: The core of the strategy revolves around identifying a "parent" session - a session that encompasses the range of the following session. This parent session becomes the basis for potential trade setups.
4. Sweep and Reclaim Setups: The strategy looks for price movements that sweep (break above or below) the parent session's high or low, followed by a reclaim of that level. This price action often indicates a potential reversal.
5. Risk-Reward Filtering: Each potential setup is evaluated based on a user-defined minimum risk-reward ratio, ensuring that only high-quality trade opportunities are considered.
6. Candle Close Filter: An optional filter that checks the characteristics of the candle that reclaims the parent session level, adding an extra layer of confirmation to the setup.
7. Performance Tracking: The strategy keeps track of bullish and bearish setup success rates, providing valuable feedback on its performance over time.
8. Visual Aids: The script draws lines to mark the parent session's high and low, making it easy for traders to identify key levels.
How It Works:
1. The script continuously monitors price action across the defined sessions.
2. When a session fully contains the range of the next session, it's identified as a potential parent session.
3. The strategy then waits for price to sweep either the high or low of this parent session.
4. If a sweep occurs, it looks for a reclaim of the swept level within the parameters set by the user.
5. If a valid setup is identified, the script generates an alert and places a trade (if backtesting or running live).
6. The strategy continues to monitor the trade for either reaching the target (opposite level of the parent session) or hitting the stop loss.
Considerations for Signals:
- Sweep: A break of the parent session's high or low.
- Reclaim: A close back inside the parent session range after a sweep.
- Candle Characteristics: Optional filter for the reclaim candle (e.g., bullish candle for long setups).
- Risk-Reward: Each setup must meet or exceed the user-defined minimum risk-reward ratio.
- Session Timing: The strategy is sensitive to the defined session times, which should be set according to the trader's preferred time zone.
This strategy aims to capitalize on institutional order flow and liquidity patterns in the forex market, providing traders with a systematic approach to identifying potential reversal points with favorable risk-reward profiles.
Fibonacci Cloud MTF [TrendX_]The Fibonacci Cloud MTF Indicator is an innovative trading tool crafted to assist traders in dynamically identifying key Fibonacci retracement levels. Unlike traditional methods that depend on static pivot points, this indicator effectively plots the Fibonacci golden zone - ranging from 0.382 to 0.618 - using the most recent highs and lows. This dynamic approach provides a more nuanced and responsive analysis of price movements, allowing traders to observe real-time reactions to significant Fibonacci levels. Furthermore, the indicator functions as a trend-following mechanism, signaling potential uptrends when the price crosses above the 0.618 fibonacci retracement level and indicating downtrends when it dips below.
💎 KEY FEATURES
Dynamic Fibonacci Levels: The indicator calculates Fibonacci retracement levels based on the latest highs and lows, providing a more relevant framework for current market conditions.
Golden Zone Focus: It emphasizes the Fibonacci golden zone (0.382 - 0.618), which is widely regarded as a critical area for potential reversals or continuations.
Multi-timeframe Analysis: The ability to view Fibonacci levels across multiple timeframes allows traders to identify trends and potential entry points more effectively.
Trend-Following Signals: Clear trend directions relative to the 0.618 level.
⚙️ USAGES
Identifying Key Retracement Levels: Traders can use the plotted Fibonacci levels to determine potential pullback or throwback at the key Fibonacci areas.
Trend Confirmation: By observing price interactions with the 0.618 level, traders can confirm ongoing trends and make more informed decisions about entering or exiting positions.
Multi-timeframe Strategies: The indicator allows traders to align strategies across different timeframes, improving overall trading effectiveness.
🔎 BREAKDOWN
Dynamic Fibonacci Levels: By calculating Fibonacci retracement levels from the latest highs and lows, traders receive a more accurate representation of current market sentiment. This dynamic approach ensures that the levels adapt to changing market conditions, making them more relevant for decision-making.
Golden Zone Focus: This highlights the Fibonacci golden zone, particularly the range between 0.382 and 0.618. This zone is widely regarded as a pivotal area for potential price reversals or continuations, serving as key support and resistance levels. Prices often react strongly at these points, making them crucial for pinpointing potential entry and exit opportunities in your trading strategy.
Multi-timeframe Analysis: Incorporating multi-timeframe analysis allows traders to observe how Fibonacci levels behave across different timeframes. This feature helps traders identify broader trends while also pinpointing short-term opportunities.
Trend-Following Strategies: Uptrend trigger - When the price crosses above the 0.618 level, it triggers uptrend, conversely, when the price crosses below the 0.618 level, it triggers a downtrend.
DISCLAIMER
This indicator is not financial advice, it can only help traders make better decisions. There are many factors and uncertainties that can affect the outcome of any endeavor, and no one can guarantee or predict with certainty what will occur. Therefore, one should always exercise caution and judgment when making decisions based on past performance.
