S&R Precision Cloud by Dr. Abiram Sivprasad -4 directional biasDescription of the Script
**Script Name:** S&R Precision Cloud by Dr. Abhiram Sivprasad
**Overview:**
This script is designed to identify key support and resistance levels using the Central Pivot Range (CPR) methodology along with daily, weekly, and monthly pivots. It incorporates the Lagging Span from the Ichimoku Cloud to enhance decision-making in trading strategies for intraday, swing, and long-term positions mainly for directional bias.
---
### Key Components:
1. **Central Pivot Range (CPR):**
- **Central Pivot (CP):** Calculated as the average of the high, low, and close prices. This serves as a reference point for price action.
- **Below Central Pivot (BC) and Top Central Pivot (TC):** Derived to create a range that aids in identifying support and resistance levels.
2. **Support and Resistance Levels:**
- The script computes three support (S1, S2, S3) and resistance (R1, R2, R3) levels based on the Central Pivot.
- These levels are plotted for daily, weekly, and monthly time frames, providing traders with multiple reference points.
3. **Lagging Span:**
- The Lagging Span is plotted as the closing price shifted backward by 26 periods (as per Ichimoku settings).
- This serves as a filter for trade entries, where positions should only be taken in the direction opposite to where the price is relative to this line.
4. **User Inputs:**
- The script allows customization through checkboxes to plot daily, weekly, and monthly support and resistance levels as needed.
- Users can choose whether to display CPR and various support/resistance levels for better visual clarity.
5. **Color Coding:**
- The support and resistance lines are color-coded to distinguish between different levels (green for support, red for resistance, and blue for pivots).
---
### Trading Strategies:
- **Intraday Trading:**
- Utilize price movements around the Lagging Span and support/resistance levels for quick trades.
- **Swing Trading:**
- Identify potential reversal points at S2 and R2 levels, confirmed by divergences in price movement.
- **Long-Term Trading:**
- Monitor price behavior against the Lagging Span and significant pivot levels to capture longer trends.
---
### Summary:
This script equips traders with essential tools for technical analysis by clearly defining critical price levels and incorporating the Lagging Span for directional bias. It is suitable for various trading styles, including intraday, swing, and long-term strategies, making it a versatile addition to any trader’s toolkit.
Multitimeframe
Custom Time Range HighlighterCustom Time Range Highlighter
This versatile indicator allows traders to highlight specific time ranges on their charts, accommodating users worldwide by supporting customizable UTC offsets. Traders can define two distinct time ranges, setting start and end hours in their local time zone.
A toggle option enables the display of highlights for today only , ensuring focus on current trading conditions.
Ideal for day traders and those following specific market sessions, this tool enhances visibility of active trading periods and aids in effective trade management.
Higher Time Frame Strat [QuantVue]The Higher Time Frame Strat Indicator is a tool that helps traders visualize and analyze price action from a higher timeframe (HTF) on their current chart. It applies the Strat method, a trading strategy focused on identifying key price action setups by observing how current price bars relate to previous ones. This helps in understanding the market's structure and determining potential trading opportunities based on higher timeframe data.
Key Concepts:
Strat Basics:
Type 1 Bar (Inside Bar): The current bar's high is lower than the previous bar's high, and its low is higher than the previous bar's low. This signifies a consolidation, or indecision, as the price is contained within the previous bar's range.
Type 2 Bar (Directional Bar): The current bar either breaks above the previous bar's high (bullish) or stays above the previous bar's low (bearish), indicating a continuation in the price direction.
Type 3 Bar (Outside Bar): The current bar breaks both above the previous bar's high and below the previous bar's low, showing volatility and a potential reversal.
Higher Timeframe Visualization:
The indicator uses a user-defined higher timeframe (default: 1 hour) and plots the last three higher timeframe candles on the current chart.
Strat Classification:
When a new higher timeframe candle forms, the indicator draws a semi-transparent box around the candle's range (high to low), along with the Strat type label. This provides a visual cue to the trader about the structure of the newly formed candle and how it fits into the overall market movement.
The script classifies each higher timeframe candle as one of the Strat types (1, 2, or 3). Based on the relationship between the current candle and the previous candle's high/low, it assigns a label ("1", "2", or "3"), helping traders quickly identify the price action setup on the higher timeframe.
How to Use the Indicator:
Trend Continuation: Look for Type 2 bars, which indicate a continuation in the current trend. For example, a Type 2 up suggests the price is breaking above the previous high, potentially signaling further upward movement.
Reversals: Type 3 bars show increased volatility, where the price breaks both above and below the previous bar's range. This could indicate a reversal, so be prepared for a potential change in direction.
Consolidation: Inside bars (Type 1) signify a tightening range and can signal the beginning of a breakout once the price moves outside of the previous bar's high or low.
By combining these price action concepts with the visualization of higher timeframe data, traders can potentially get earlier entry and exits as a higher timeframe set up forms.
The Strat Candle State Table (Two Symbols)The Strat Candle State Table (Two Symbols) – Multi-Timeframe Analysis
This advanced indicator is designed for traders who follow The Strat methodology, providing a quick, clear, and actionable view of candle states across two selected symbols and a chosen timeframe. It allows you to seamlessly integrate multi-symbol analysis into your trading, offering real-time insights into price action and market momentum based on **The Strat’s** powerful principles.
What It Does:
For each selected symbol, the indicator retrieves and analyzes the price data for three candles:
- Candle 1 (C1): The third candle from the current one.
- Candle 2 (C2): The candle directly before the current one (previous candle).
- Current Candle (CC): The live candle, which is still forming.
Using this information, it plots the Scenario 1 (Inside Bar), Scenario 2 (Directional), and **Scenario 3 (Outside Bar)** states for each candle, color-coding them to help you quickly assess market conditions and price action.
Strat Candle States:
- Scenario 1 (Inside Bar): The candle stays within the high and low of the previous candle (indicating consolidation or indecision).
- Scenario 2 (Directional)* The candle breaks either the high (2-up) or low (2-down) of the previous candle, indicating potential continuation in that direction.
- Scenario 3 (Outside Bar): The candle breaks both the high and low of the previous candle, signaling increased volatility and a potential reversal.
Customizable Color Scheme:
The default colors follow these settings (but can be changed to your preference):
- 1U (Inside and Up): Yellow (indicating an inside bar that closed higher).
- 1D (Inside and Down): Orange (indicating an inside bar that closed lower).
- 2U (Two Up): Green if the candle closes higher, Red if the candle closes lower (conflict).
- 2D (Two Down): Red if the candle closes lower, Green if the candle closes higher (conflict).
- 3U (Three Up): Lighter Purple.
- 3D (Three Down): Darker Purple/Magenta.
Each state is dynamically updated based on the actual price action and whether the candle closes above or below the open. Conflict candles (like a 2-up closing red or 2-down closing green) are highlighted, making it easier to spot potential reversals or weakness in the trend.
Timeframe Flexibility:
You can overlay this indicator on any chart regardless of the timeframe. The key is to select the timeframe you want the indicator to plot for when setting up. Whether you're working on a 5-minute chart, daily, or even weekly, the indicator will analyze the candles according to the selected timeframe, giving you the versatility to adapt it to various trading strategies.
Powerful Use Cases:
1. Multi-Symbol Analysis in Real-Time: The Strat Candle State Table displays the candle states for two symbols at once, helping you track multiple instruments without switching charts. This is extremely useful when monitoring correlated assets like SPY and QQQ, or sector-related pairs such as DIA and IWM
2. Seamless Top-Down View: By analyzing the three most recent candles (C1, C2, and the current candle), the indicator allows you to maintain a top-down perspective on price action, spotting setups early and tracking candle state changes across different symbols and timeframes.
3. Enhanced Conflict Detection: The background shading automatically adjusts for conflict candles, such as a 2-up that closes red or a 2-down that closes green. This provides a quick visual cue to warn you when the current trend may be weakening or reversing.
4. Trade Execution Precision: With this table providing constant feedback on price action and candle state, traders can more easily time their entries and exits, whether they are looking for reversals or continuations
5. Focus on Timeframe Continuity: Use this indicator to stay in alignment with The Strat's Timeframe Continuity, ensuring you are trading in the direction of the most aligned candles, across both symbols. This allows for more precise trade management and higher-probability setups.
6. Customizable to Your Strategy: Change the color coding and candle states to match your personal preferences or trading strategy, making this indicator adaptable to your specific needs.
Most Powerful Use Case – Simultaneous Break Detection:
The Strat Candle State Table shines in setups where simultaneous breaks are being monitored across multiple symbols. For example, if both symbols trigger a 2-up or 3-up at the same time, this confirms that momentum is flowing in the same direction for multiple instruments, giving you stronger trade conviction.
By seeing real-time data for two key symbols, you can ensure that you're catching simultaneous breaks, where multiple instruments are signaling the same move. This can be especially effective in index-based trading, where the strength or weakness of multiple sectors or assets must align for a higher probability of success
E9 MACD
The E9 MACD (Moving Average Convergence Divergence) indicator is a powerful tool used in technical analysis to help traders identify potential buy and sell signals based on price action. It is designed to provide clear visual cues and alerts for trading decisions. Here’s how it applies to price action and its key functionalities:
Key Features and Functionality
MACD Line and Signal Line:
MACD Line: Represents the difference between a fast and a slow moving average of the price. It helps in identifying the momentum of the price movement.
Signal Line: A smoothed average of the MACD Line, used to generate trading signals when the MACD Line crosses above or below it.
Histogram: The histogram shows the difference between the MACD Line and the Signal Line. It visually represents the strength of the trend, with positive values indicating bullish momentum and negative values indicating bearish momentum.
Trend Coloring:
Uptrend: When the MACD Line is above the Signal Line, the bars can be colored green to indicate a potential buying opportunity.
Downtrend: When the MACD Line is below the Signal Line, the bars can be colored red to signal a potential selling opportunity.
Timeframe Flexibility:
The E9 MACD can be adjusted to different timeframes, allowing traders to analyze short-term or long-term trends based on their trading strategy. This flexibility helps in tailoring the indicator’s analysis to different market conditions.
Visual Alerts and Highlights:
The indicator includes options to highlight price bars and background colors when significant crossovers occur, making it easier to spot key trading signals.
Circles can be plotted on the MACD Line to indicate cross events, enhancing visual clarity.
Customizable Appearance:
Traders can customize the appearance of the MACD Line, Signal Line, and Histogram, including color and line width, to suit their personal preferences and improve readability.
Alerts for Trading Signals:
The E9 MACD can generate alerts for crossovers of the MACD Line and Signal Line, helping traders stay informed of potential trading opportunities even when they are not actively monitoring the charts.
Application in Trading
The E9 MACD is particularly useful for:
Identifying potential entry and exit points based on the crossing of the MACD Line and Signal Line.
Gauging the strength of the current trend through the histogram.
Adjusting to different timeframes to align the indicator with various trading strategies, from day trading to long-term investing.
By providing clear visual indicators and alerts, the E9 MACD helps traders make more informed decisions and better understand the momentum and direction of price movements.
Essa's Indicator 2.0Essa's Indicator V2: Beginner's Guide
This custom TradingView indicator has been designed to help you identify key trading opportunities based on session highs/lows, volatility, and moving averages. Below is a breakdown of the main features:
1. Exponential Moving Averages (EMAs)
Fast EMA (Blue Line): Tracks the short-term market trend (default: 9-period EMA).
Slow EMA (Red Line): Tracks the longer-term market trend (default: 21-period EMA).
You can turn on/off the EMAs using the "Show EMAs" option in the settings.
EMAs help smooth out price action and give a clearer picture of trends. A crossover of the fast EMA above the slow EMA can signal an upward trend, while the reverse may indicate a downward trend.
2. Session Highs and Lows
The indicator tracks price highs and lows for three major trading sessions:
London Session (Red): Highlighted in red. Active between 08:00 and 17:00 (LDN timezone) or 03:00 and 12:00 (NY timezone).
New York Session (Blue): Highlighted in blue. Active between 12:00 and 21:00 (LDN timezone) or 07:00 and 16:00 (NY timezone).
Asia Session (Yellow): Highlighted in yellow. Active between 22:00 and 08:00 (LDN timezone) or 18:00 and 03:00 (NY timezone).
Highs and lows for each session are plotted on the chart as lines. Breakouts from these levels can signal important trading opportunities:
London High/Low: Red lines.
New York High/Low: Blue lines.
Asia High/Low: Yellow lines.
The background color also changes depending on the active session:
London: Light red background.
New York: Light blue background.
Asia: Light yellow background.
3. Breakout Alerts
You can set alerts when the price breaks above or below session highs/lows:
Break Above London High: Alert triggered when the price crosses the London session high.
Break Below London Low: Alert triggered when the price falls below the London session low.
Similar alerts exist for the New York and Asia sessions as well.
4. Volatility-Adjusted EMA
The EMAs in this indicator are adjusted based on volatility (ATR - Average True Range). This allows the EMAs to respond to market conditions more dynamically, giving you more accurate trend readings in volatile markets.
5. ZigZag Feature (Optional)
You can enable the ZigZag feature to help visualize the price action's highs and lows:
ZigZag Lines: Highlight major peaks and troughs in price movements, helping you spot trends more easily.
This is helpful for identifying reversals or trend continuations.
6. Fractal Markers
This indicator uses fractals to mark potential turning points in the market:
Green Triangles (Above the Price): Indicate up fractals (potential reversal points where the price could move upwards).
Red Triangles (Below the Price): Indicate down fractals (potential reversal points where the price could move downwards).
Fractals can be a helpful confirmation tool when identifying entry and exit points.
7. Custom Timezone Options
You can choose between London (LDN) and New York (NY) timezones in the settings to adapt the session times to your trading location. This ensures the session high/low markers are displayed correctly for your trading region.
By default, the New York (NY) timezone is enabled for FXCM charts in the UK.
For BTC charts, you will need to switch to the appropriate time zone manually.
Thanks
Essa
Institutional Levels (Whole, Half, Quarter) By CapitalwithcalebThis Pine Script indicator is designed to plot institutional levels, which are key price levels that traders often monitor. These levels include whole numbers (like 12000, 12500), half levels (like 12250), and quarter levels (like 12375). The script allows full customization of colors, line styles, and line widths for each type of level (whole, half, and quarter).
Key Features:
Range of Levels:
The user defines a minimum (minLevel) and maximum (maxLevel) price level, and the script plots levels in increments of 50 points (step size of 50 covers quarter, half, and whole levels).
Customizable Appearance:
Color Customization: You can choose separate colors for whole, half, and quarter levels.
Line Style Customization: You can choose between solid, dashed, or dotted lines for each level type (whole, half, and quarter).
Line Width Customization: You can adjust the width of the lines (1 to 5).
Automatic Level Detection:
The script automatically determines whether a level is a whole, half, or quarter level based on whether it is a multiple of 1000 (whole), 500 (half), or 250 (quarter).
Plotting of Lines:
It draws horizontal lines across the entire chart (extend.both) at the calculated levels.
For each level, it determines its type (whole, half, quarter) and plots it using the user-specified colors, line styles, and widths.
Functions:
getLineStyle(styleStr): A functional helper that converts the string input from the user ("Solid", "Dashed", "Dotted") into Pine Script's corresponding line style constants.
plotLevel(level, color, width, style): Another functional helper that plots a line at the given price level with the provided color, width, and line style.
Execution Flow:
User Input: The user specifies the minimum and maximum levels to display on the chart. They also configure the appearance of the lines (color, style, width).
Level Calculation: The script iterates over all levels between the minLevel and maxLevel with a step size of 50, checking if the level is a whole, half, or quarter level.
Line Plotting: The appropriate lines are drawn on the chart, based on the type of level and user settings.
Example Use Case:
If a user sets the minLevel to 12000 and maxLevel to 13000, the script will automatically plot lines at key institutional levels like:
12000 (whole), 12250 (quarter), 12500 (whole), 12750 (quarter), etc.
Adaptive VWAP [QuantAlgo]Introducing the Adaptive VWAP by QuantAlgo 📈🧬
Enhance your trading and investing strategies with the Adaptive VWAP , a versatile tool designed to provide dynamic insights into market trends and price behavior. This indicator offers a flexible approach to VWAP calculations by allowing users to adapt it based on lookback periods or fixed timeframes, making it suitable for a wide range of market conditions.
🌟 Key Features:
🛠 Customizable VWAP Settings: Choose between an adaptive VWAP that adjusts based on a rolling lookback period, or switch to a fixed timeframe (e.g., daily, weekly, monthly) for a more structured approach. Adjust the VWAP to suit your trading or investing style.
💫 Dynamic Bands and ATR Filter: Configurable deviation bands with multipliers allow you to visualize price movement around VWAP, while an ATR-based noise filter helps reduce false signals during periods of market fluctuation.
🎨 Trend Visualization: Color-coded trend identification helps you easily spot uptrends and downtrends based on VWAP positioning. The indicator fills the areas between the bands for clearer visual representation of price volatility and trend strength.
🔔 Custom Alerts: Set up alerts for when price crosses above or below the VWAP, signaling potential uptrend or downtrend opportunities. Stay informed without needing to monitor the charts constantly.
✍️ How to Use:
✅ Add the Indicator: Add the Adaptive VWAP to your favourites and apply to your chart. Choose between adaptive or timeframe-based VWAP calculation, adjust the lookback period, and configure the deviation bands to your preferred settings.
👀 Monitor Bands and Trends: Watch for price interaction with the VWAP and its deviation bands. The color-coded signals and band fills help identify potential trend shifts or price extremes.
🔔 Set Alerts: Configure alerts for uptrend and downtrend signals based on price crossing the VWAP, so you’re always informed of significant market movements.
⚙️ How It Works:
The Adaptive VWAP adjusts its calculation based on the user’s chosen configuration, allowing for a flexible approach to market analysis. The adaptive setting uses a rolling lookback period to continuously adjust the VWAP, while the fixed timeframe option anchors VWAP to key timeframes like daily, weekly, or monthly periods. This flexibility enables traders and investors to use the tool in various market environments.
Deviation bands, calculated with customizable multipliers, provide a clear visual of how far the price has moved from the VWAP, helping you gauge potential overbought or oversold conditions. To reduce false signals, an ATR-based filter can be applied, ensuring that only significant price movements trigger trend confirmations.
The tool also includes a fast exponential smoothing function for the VWAP, helping smooth out price fluctuations without sacrificing responsiveness. Trend confirmation is reinforced by the number of bars that price stays above or below the VWAP, ensuring a more consistent trend identification process.
Disclaimer:
The Adaptive VWAP is designed to enhance your market analysis but should not be relied upon as the sole basis for trading or investing decisions. Always combine it with other analytical tools and practices. No statements or signals from this indicator constitute financial advice. Past performance is not indicative of future results.
Volatility-Adjusted DEMA Supertrend [QuantAlgo]Introducing the Volatility-Adjusted DEMA Supertrend by QuantAlgo 📈💫
Take your trading and investing strategies to the next level with the Volatility-Adjusted DEMA Supertrend , a dynamic tool designed to adapt to market volatility and provide clear, actionable trend signals. This innovative indicator is ideal for both traders and investors looking for a more responsive approach to market trends, helping you capture potential shifts with greater precision.
🌟 Key Features:
🛠 Customizable Trend Settings: Adjust the period for trend calculation and fine-tune the sensitivity to price movements. This flexibility allows you to tailor the Supertrend to your unique trading or investing strategy, whether you're focusing on shorter or longer timeframes.
📊 Volatility-Responsive Multiplier: The Supertrend dynamically adjusts its sensitivity based on real-time market volatility. This could help filter out noise in calmer markets and provide more accurate signals during periods of heightened volatility.
✨ Trend-Based Color-Coding: Visualize bullish and bearish trends with ease. The indicator paints candles and plots trend lines with distinct colors based on the current market direction, offering quick, clear insights into potential opportunities.
🔔 Custom Alerts: Set up alerts for key trend shifts to ensure you're notified of significant market changes. These alerts would allow you to act swiftly, potentially capturing opportunities without needing to constantly monitor the charts.
📈 How to Use:
✅ Add the Indicator: Add the Volatility-Adjusted DEMA Supertrend to your chart. Customize the trend period, volatility settings, and price source to match your trading or investing style. This ensures the indicator aligns with your market strategy.
👀 Monitor Trend Shifts: Watch the color-coded trend lines and candles as they dynamically shift based on real-time market conditions. These visual cues help you spot potential trend reversals and confirm your entries and exits with greater confidence.
🔔 Set Alerts: Configure alerts for key trend shifts, allowing you to stay informed of potential market reversals or continuation patterns, even when you're not actively watching the market.
⚙️ How It Works:
The Volatility-Adjusted DEMA Supertrend is designed to adapt to changes in market conditions, making it highly responsive to price volatility. The indicator calculates a trend line based on price and volatility, dynamically adjusting it to reflect recent market behavior. When the market experiences higher volatility, the trend line becomes more flexible, potentially allowing for greater sensitivity to rapid price movements. Conversely, during periods of low volatility, the indicator tightens its range, helping to reduce noise and avoid false signals.
The indicator includes a volatility-responsive multiplier, which further enhances its adaptability to market conditions. This means the trend direction would always be based on the latest market data, potentially helping you stay ahead of shifts or continuation trends. The Supertrend's visual color-coding simplifies the process of identifying bullish or bearish trends, while customizable alerts ensure you can stay on top of significant changes in market direction.
This tool is versatile and could be applied across various markets and timeframes, making it a valuable addition for both traders and investors. Whether you’re trading in fast-moving markets or focusing on longer-term investments, the Volatility-Adjusted DEMA Supertrend could help you remain aligned with the current market environment.
Disclaimer:
This indicator is designed to enhance your analysis by providing trend information, but it should not be used as the sole basis for making trading or investing decisions. Always combine it with other forms of analysis and risk management practices. No statements or claims aim to be financial advice, and no signals from us or our indicators should be interpreted as such. Past performance is not indicative of future results.
Grandfather-Father-Son RSI Buy Indicator-only for daily TFGrandfather-Father-Son RSI Buy and Sell Indicator
This script identifies buy and sell opportunities by combining RSI values across multiple timeframes to capture market trends and reversals. The "Grandfather-Father-Son" concept breaks down RSI analysis into three key timeframes:
Grandfather (Monthly): Represents the long-term trend, helping to filter trades that align with the overall market direction.
Father (Weekly): Provides intermediate-term momentum, confirming market conditions before signaling entry or exit points.
Son (Daily): Tracks short-term corrections and movements to pinpoint precise buy and sell opportunities.
Key Features:
Buy Signal: A buy signal is triggered when:
Monthly RSI (Grandfather) and Weekly RSI (Father) are both above 70.
Daily RSI (Son) is between 40 and 45, signaling a potential market pullback before resuming the upward trend.
The indicator checks for alignment across these timeframes to generate a reliable buy signal.
Sell Signal: A sell signal occurs when the Daily RSI (Son) crosses above 70, indicating a potential overbought condition.
Multi-Timeframe Analysis: The script pulls data from higher timeframes (monthly and weekly) to ensure that signals reflect larger market trends rather than short-term fluctuations.
Instructions:
Optimal Timeframe: This script works best on the Daily timeframe, as it uses Monthly and Weekly RSI for trend confirmation. The indicator will display a warning if applied to other timeframes to ensure it is used optimally.
Trend Alignment: The strategy ensures that buy signals are triggered only when there is a strong uptrend in both the Grandfather (Monthly) and Father (Weekly) RSI, while sell signals are based on potential overbought conditions in the Son (Daily) RSI.
Limitations:
Timeframe Dependency: Signals are based on higher timeframe data (Weekly and Monthly), which may only update at the close of those respective time periods. Therefore, it is designed to work in real-time but will be most reliable when trading in alignment with these longer-term trends.
Replay Mode: The script has been optimized to function correctly during live market conditions, with no reliance on future data (no lookahead). This ensures signals appear accurately during both backtesting and live trading.
Disclaimer:
This script is for educational purposes and should be used with caution. Always backtest before using in live trading and adjust parameters to fit your trading strategy and risk management plan.
Sygnały Long/Short z SL i TPChoosing the Best Timeframe for Your Trading Strategy
The ideal timeframe for your trading strategy depends on several factors, including your trading style, risk preferences, and the goals of your strategy. Here’s a guide to different timeframes and their applications:
Timeframes and Their Uses:
Short-Term Timeframes (e.g., 5-minute, 15-minute):
Advantages: Provide more frequent signals and allow for quick responses to market changes. Ideal for day traders who prefer short, rapid trades.
Disadvantages: Can generate more false signals and be more susceptible to market noise. Requires more frequent attention and monitoring.
Medium-Term Timeframes (e.g., 1-hour, 4-hour):
Advantages: Offer fewer false signals compared to shorter timeframes. Suitable for swing traders looking to capture short-term trends.
Disadvantages: Fewer signals compared to shorter timeframes. Requires less frequent monitoring.
Long-Term Timeframes (e.g., daily, weekly):
Advantages: Provide more stable signals and are less affected by market noise. Ideal for long-term investors and those trading based on trends.
Disadvantages: Fewer signals, which may be less frequent but more reliable. Requires longer confirmation times.
Recommendation for Your Strategy:
For a strategy based on moving averages (MA) and generating long/short signals, the 5-minute and 15-minute timeframes might be suitable if:
You are a day trader and want to generate multiple signals per day.
You prefer quick responses to price changes and want to execute trades within a shorter timeframe.
For more stable signals and fewer false signals:
1-hour or 4-hour timeframes might be more appropriate.
Testing and Optimization:
Test Different Timeframes: See how your strategy performs on various timeframes to find the one that works best for you.
Adjust Parameters: Modify the lengths of the short and long SMAs, as well as the SL and TP levels, to fit the chosen timeframe.
How to Test:
Add the script to your chart on different timeframes on TradingView.
Observe the effectiveness and accuracy of the signals.
Adjust settings based on results and personal preferences.
Summary:
There isn’t a single “best” timeframe as it depends on your trading style and objectives. Start by testing on shorter timeframes if you are interested in day trading, and then explore how the strategy performs on longer timeframes for more stable signals.
Swiss Knife [MERT]Introduction
The Swiss Knife indicator is a comprehensive trading tool designed to provide a multi-dimensional analysis of the market. By integrating a wide array of technical indicators across multiple timeframes, it offers traders a holistic view of market sentiment, momentum, and potential reversal points. This indicator is particularly useful for traders looking to combine trend analysis, momentum indicators, volume data, and price action into a single, easy-to-read format.
---
Key Features
Multi-Timeframe Analysis : Evaluates indicators on Daily , 4-Hour , 1-Hour , and 15-Minute timeframes.
Comprehensive Indicator Suite : Incorporates MACD , Awesome Oscillator (AO) , Parabolic SAR , SuperTrend , DPO , RSI , Stochastic Oscillator , Bollinger Bands , Ichimoku Cloud , Chande Momentum Oscillator (CMO) , Donchian Channels , ADX , volume-based momentum indicators, Fractals , and divergence detection.
Market Sentiment Scoring : Aggregates signals from multiple indicators to provide an overall sentiment score.
Visual Aids : Displays EMA lines, trendlines, divergence signals, and a sentiment table directly on the chart.
Super Trend Reversal Signals : Identifies potential market reversal points by assessing the momentum of automated trading bots.
---
Explanation of Each Indicator
Moving Average Convergence Divergence (MACD)
- Purpose : Measures the relationship between two moving averages of price.
- Interpretation : A positive histogram suggests bullish momentum; a negative histogram indicates bearish momentum.
Awesome Oscillator (AO)
- Purpose : Gauges market momentum by comparing recent market movements to historic ones.
- Interpretation : Above zero indicates bullish momentum; below zero indicates bearish momentum.
Parabolic SAR (SAR)
- Purpose : Identifies potential reversal points in price direction.
- Interpretation : Dots below price suggest an uptrend; dots above price suggest a downtrend.
SuperTrend
- Purpose : Determines the prevailing market trend.
- Interpretation : Provides buy or sell signals based on price movements relative to the SuperTrend line.
Detrended Price Oscillator (DPO)
- Purpose : Removes trend from price to identify cycles.
- Interpretation : Values above zero suggest price is above the moving average; values below zero indicate it is below.
Relative Strength Index (RSI)
- Purpose : Measures the speed and change of price movements.
- Interpretation : Values above 50 indicate bullish momentum; values below 50 indicate bearish momentum.
Stochastic Oscillator
- Purpose : Compares a particular closing price to a range of its prices over a certain period.
- Interpretation : Values above 50 indicate bullish conditions; values below 50 indicate bearish conditions.
Bollinger Bands (BB)
- Purpose : Measures market volatility and provides relative price levels.
- Interpretation : Price above the middle band suggests bullishness; below the middle band suggests bearishness.
Ichimoku Cloud
- Purpose : Provides support and resistance levels, trend direction, and momentum.
- Interpretation : Bullish signals when price is above the cloud; bearish signals when price is below the cloud.
Chande Momentum Oscillator (CMO)
- Purpose : Measures momentum on both up and down days.
- Interpretation : Values above 50 indicate strong upward momentum; values below -50 indicate strong downward momentum.
Donchian Channels
- Purpose : Identifies volatility and potential breakouts.
- Interpretation : Price above the upper band suggests bullish breakout; below the lower band suggests bearish breakout.
Average Directional Index (ADX)
- Purpose : Measures the strength of a trend.
- Interpretation : DI+ above DI- indicates bullish trend; DI- above DI+ indicates bearish trend.
Volume Momentum Indicators (VolMom, CumVolMom, POCMom)
- Purpose : Analyze volume to assess buying and selling pressure.
- Interpretation : Positive values suggest bullish volume momentum; negative values indicate bearish volume momentum.
Fractals
- Purpose : Identify potential reversal points in the market.
- Interpretation : Up fractals may indicate a future downtrend; down fractals may indicate a future uptrend.
Divergence Detection
- Purpose : Identifies divergences between price and various indicators (RSI, MACD, Stochastic, OBV, MFI, A/D Line).
- Interpretation : Bullish divergences suggest potential upward reversal; bearish divergences suggest potential downward reversal.
- Note : This functionality utilizes the library from Divergence Indicator .
---
Coloring Scheme
Background Color
- Purpose : Reflects the overall market sentiment by combining sentiment scores from all indicators across different timeframes.
- Interpretation :
- Green Shades : Indicate bullish market sentiment.
- Red Shades : Indicate bearish market sentiment.
- Intensity : The strength of the color corresponds to the strength of the sentiment score.
Sentiment Table
- Purpose : Displays the status of each indicator across different timeframes.
- Interpretation :
- Green Cell : The indicator suggests a bullish signal.
- Red Cell : The indicator suggests a bearish signal.
- Percentage Score : Indicates the overall bullish or bearish sentiment on that timeframe.
Exponential Moving Averages (EMAs)
- Purpose : Provide dynamic support and resistance levels.
- Colors :
- EMA 10 : Lime
- EMA 20 : Yellow
- EMA 50 : Orange
- EMA 100 : Red
- EMA 200 : Purple
Trendlines
- Purpose : Visual representation of support and resistance levels based on pivot points.
- Interpretation :
- Upward Trendlines : Colored green , indicating support levels.
- Downward Trendlines : Colored red , indicating resistance levels.
- Note : Trendlines are drawn using the library from Simple Trendlines .
---
Utility of Market Sentiment
The indicator aggregates signals from multiple technical indicators across various timeframes to compute an overall market sentiment score . This comprehensive approach helps traders understand the prevailing market conditions by:
Confirming Trends : Multiple indicators pointing in the same direction can confirm the strength of a trend.
Identifying Reversals : Divergences and fractals can signal potential turning points.
Timeframe Alignment : Aligning signals across different timeframes can enhance the probability of successful trades.
---
Divergences
Divergence occurs when the price of an asset moves in the opposite direction of a technical indicator, suggesting a potential reversal.
- Bullish Divergence : Price makes a lower low, but the indicator makes a higher low.
- Bearish Divergence : Price makes a higher high, but the indicator makes a lower high.
The indicator detects divergences for:
RSI
MACD
Stochastic Oscillator
On-Balance Volume (OBV)
Money Flow Index (MFI)
Accumulation/Distribution Line (A/D Line)
By identifying these divergences, traders can spot early signs of trend reversals and adjust their strategies accordingly.
---
Trendlines
Trendlines are essential tools for identifying support and resistance levels. The indicator automatically draws trendlines based on pivot points:
- Upward Trendlines (Support) : Connect higher lows, indicating an uptrend.
- Downward Trendlines (Resistance) : Connect lower highs, indicating a downtrend.
These trendlines help traders visualize the trend direction and potential breakout or reversal points.
---
Super Trend Reversals (ST Reversal)
The core idea behind the Super Trend Reversals indicator is to assess the momentum of automated trading bots (often referred to as 'Supertrend bots') that enter the market during critical turning points. Specifically, the indicator is tuned to identify when the market is nearing bottoms or peaks, just before it shifts direction based on the triggered Supertrend signals. This approach helps traders:
Engage Early : Enter the market as reversal momentum builds up.
Optimize Entries and Exits : Enter under favorable conditions and exit before momentum wanes.
By capturing these reversal points, traders can enhance their trading performance.
---
Conclusion
The Swiss Knife indicator serves as a versatile tool that combines multiple technical analysis methods into a single, comprehensive indicator. By assessing various aspects of the market—including trend direction, momentum, volume, and price action—it provides traders with valuable insights to make informed trading decisions.
---
Citations
- Divergence Detection Library : Divergence Indicator by DevLucem
- Trendline Drawing Library : Simple Trendlines by HoanGhetti
---
Note : This indicator is intended for informational purposes and should be used in conjunction with other analysis techniques. Always perform due diligence before making trading decisions.
---
RishiMoney RSIRishiMoney RSI
The "RishiMoney RSI" indicator is designed for traders who want to leverage the power of the Relative Strength Index (RSI) across multiple timeframes.
In addition to regular RSI, this script allows the users to select custom timeframes for two additional RSI calculations, making it easier to identify trends, reversals, and potential entry or exit points.
USAGE
While Returning the same information as a regular RSI the RishiMoney RSI provides two more RSI calculations One for Lagrgest Timeframe and one for middle Timeframe so that the users need not to check for higher timeframes separately Which is very Time consuming. This script solves the problem of time taking process of checking different timeframes RSI calculations.
This script is ideal for traders who want to confirm their analysis across multiple timeframes. By comparing the main RSI with larger and intermediate timeframes, traders can better understand the market's momentum and make more informed decisions.
The RishiMoney RSI crossing above the overbought level can be indicative of a strong uptrend which is highlighted as a green gradient area, while when RishiMoney RSI is crossing under the oversold level can be indicative of a strong downtrend which is highlighted as a red area.
Key Features:
Customizable RSI Period: Set your preferred RSI period for precise calculation and analysis.
Multi-Timeframe RSI:
Largest RSI Timeframe: Choose the largest timeframe for your analysis (Monthly, Weekly, Daily, Hourly, 15 minutes, or 5 minutes).
Middle RSI Timeframe: Select an intermediate timeframe for comparison with the main RSI.
Overbought and Oversold Levels: The indicator includes customizable overbought and oversold levels, which are clearly marked on the chart with dynamic bands.
Alerts: Set up alerts for when the RSI crosses into overbought or oversold territory, so you never miss a potential trading opportunity.
Visual Clarity: The script plots the RSI for your selected timeframes with distinct colors, helping you quickly identify trends across different timeframes.
This script is provided for educational purposes only and should not be considered financial advice. Always conduct your own research and consult with a financial advisor before making any trading decisions.
Ultra Moving AverageThe Ultra Moving Average is a versatile technical indicator that combines various types of moving averages to analyze trends, providing multi-timeframe insights for traders. It offers four customizable moving averages and a trend strength table for enhanced decision-making.
Introduction
The Ultra Moving Average indicator is a powerful tool designed to help traders track market trends by offering a combination of four distinct moving averages. With flexible customization options, users can apply different types of moving averages like SMA, EMA, TEMA, and many more, across various timeframes. Additionally, it provides trend strength analysis through an intuitive visual table, helping traders quickly identify market conditions.
Detailed Description
.........
Moving Averages
Each of the four moving averages is independently configurable. You can select the timeframe, type, length, color, and width to match your trading strategy.
The types of moving averages range from traditional ones like the Simple Moving Average (SMA) to advanced ones like the Double Expotential Moving Average (DEMA) or the Triple Exponential Moving Average (TEMA) or the Recursive Moving Average (RMA) or the Weigthend Moving Average (WMA) or the Volume Weigthend Moving Average (VWMA) or Hull Moving Average (HMA).
Very Special ones are the Triple Weigthend Moving Average (TWMA) wich created RedKTrader .
I created the Multi Weigthend Moving Average (MWMA) wich is a simple signal line to the TWMA.
.....
Trend Visualization
The indicator uses color-coding to visually represent whether the price is in an uptrend or downtrend. Bullish trends are highlighted in one color, while bearish trends appear in another, making it easy to interpret.
.....
Trend Strength Table
One of the unique features of the Ultra Moving Average is the trend strength table at the bottom of the chart. This table breaks down the strength of the fast, mid, and slow moving averages, displaying them as percentages. It also shows the overall "trend power," which helps assess how strong or weak the current trend is.
You have the option to calculate trends using live data or the previous bar's data, offering flexibility in how the indicator reacts to market changes. This can help traders make more responsive decisions based on real-time trends.
The table displays trend strength across three timeframes Fast, Mid, and Slow by calculating the percentage difference between the price and each of the moving averages (MA1, MA3, MA4).
The Power row shows the average of these percentages, representing overall trend strength.
The percentages are calculated relative to their maximum values in history (limited by TradingView subscription), providing insight into the trend's strength for each timeframe.
.........
Overall, the Ultra Moving Average indicator is a comprehensive tool that combines multiple moving average types and advanced trend analysis, helping traders identify market direction and strength at a glance. With its intuitive visualization and flexible settings, it's suited for both beginner and experienced traders.
Special Thanks
I use the TWMA-Function created from RedKTrader to smooth the values.
Special thanks to him for creating and sharing this function!
DP-OCR MTF & MA 2024This script developed is designed for multi-timeframe analysis of previous open, close, and range, with additional signal plots based on various percentage extension levels. It also incorporates EMA calculations for crossover strategies. Here's a quick breakdown of what the script does:
Key Features:
1. Timeframes:
o Two separate timeframes (TF1 and TF2), which can be set by the user (e.g., 15 mins, 30 mins, daily, etc.). The script computes price actions and extensions for both timeframes. For better analysis, use Daily in TF1 and Weekly in TF2
2. Extension Levels:
o Calculates and plots 10%, 21%, 31%, 51%, and 61% extensions (both positive and negative) for each timeframe.
o The most commonly used extension levels are 61%, 31%, -61%, and -21%.
o These extension levels can be turned on or off by the user.
3. Open/Close/Range:
o Tracks the high, low, open, and close for both timeframes.
o Highlights open/close gaps.
o Plots the previous high/low range for both timeframes with a fill and different colors based on price movement.
How to Use:
• You can toggle specific extension levels on or off in the script’s settings.
• For example, when price hits a +61% extension, it could signal a breakout, and when it hits a -61% extension, it may indicate a potential retracement.
• Use these levels in conjunction with your price action analysis to set entry/exit points or stop-loss levels.
4. Today’s Open:
o Plots today’s opening price for both timeframes.
How to Use:
• Use today’s open as a key reference point to determine the day’s price action.
• Compare today’s open with the previous high/low or extension levels to evaluate possible trends or reversals.
5. EMA Calculations:
o The script calculates 5, 15, and 20 period EMAs and plots them on the chart.
o Additional EMA crossover signals can be included for strategy optimization.
How to Use:
• Observe the EMAs for potential crossover signals. For example, a 5-period EMA crossing above a 15-period or 20-period EMA may signal a buy opportunity, while a crossover in the opposite direction may signal a sell.
• Combine the EMA crossovers with extension levels or previous price data to refine your entries and exits.
Customizations Available:
• Users can select whether to display extension levels for either timeframe.
• The script allows automatic adaptation to intraday, daily, weekly, or monthly timeframes based on the current chart settings.
Moreover, the extension levels are calculated based on the previous period’s range, with the most commonly usable extension levels being 61, 31, -61, and -21. These levels are often used for identifying potential price retracements, breakouts, or reversal points in technical analysis.
ICT HTF FVGs v2 (fadi)NOTICE: Instead of updating the existing ICT HTF FVGs indicator, this indicator is being published separately due to the requests to keep the original by some traders and because of the drastic change in behavior/configurations. If the original v1 version is more appropriate for your style of trading, feel free to continue to use it.
ICT HTF FVGs v2
In trading, Fair Value Gaps (FVGs) refer to market inefficiencies or imbalances that occur when buying and selling activities are not equal. These gaps can be identified on various timeframes and are used in different trading strategies.
FVGs are crucial in price action trading as they highlight the difference between the current market price of an asset and its fair value. Traders use these gaps to identify potential trading opportunities, as they often indicate areas where the market may correct itself
This indicator will overlap the higher timeframe (HTF) FVGS over the current timeframe to help traders anticipate and plan their trades.
Features
Up to 6 higher timeframes (HTF) can be overlayed on a chart
Traders can limit the number of HTF FVGs to preset number of HTFs
Lower and current timeframes can be included
Configurable spacing of HTF FVGs to prevent overlapping
Configurable Smart Expansion of FVGs based on proximity to current price
Traders can decide what constitutes a Mitigated FVG
Show or hide mitigated FVGs to declutter the chart
Flexible display settings that controls how the FVGs are displayed
Flexible labeling of the FVG levels and content
Higher Timeframes Display Settings
This indicator provides the ability to select up to 6 HTF intervals. These intervals are based on the trader's timeframes including any custom timeframes.
Timeframe Configurations
Enable or Disable a Timeframe
The Timeframe to Display
Bullish / BISI FVG Color
Bearish / SIBI FVG Color
The number of FVGs For The Selected Timeframe
Limit to the next HTFs only can be used to display the selected number of HTF FVGs. For example, if the trader selects 3 then only 3 HTF FVGs will be displayed.
Note: If either of the next two options is selected, they will take up spots from this count.
Hide lower Timeframes restricts the FVGs to higher timeframes only. If this option is disabled, it will show lower timeframes FVGs as well.
Hide Current Timeframe removes current timeframe from the selected list of HTF FVGs. If this option is disabled, it will show current timeframe FVGs as well.
Background Transparency Enable or disable the background color (shaded area) of the FVG. If it is enabled, it will set the transparency amount. The higher the value, the more transparent the background.
Extend lines controls when and how to extend the FVG levels. There are three options:
Extension Only extends the FVGs by the specified number provided below only.
Current Candle Plus Extension extends all the FVGs beyond the current candle by the number provided below.
When in Range will only extend the FVGs near current price based on the advanced settings below. This setting will use Average True Range multiplier to calculate the range (shows FVGs that are higher or lower by the average candle size multiplied by the number in Advanced section).
Mitigated shows or hides the mitigated HTF FVGs. A FVG is considered mitigated based on one of the following options:
None will ignore mitigation and show all FVGs.
Touched when a HTF FVG is touched regardless of how deep the price get inside the FVG.
Wick filled the FVG is closed by a wick or body of a candle.
Body filled the FVG is closed by the body of a candle
Wick filled half a candle's wick or body has reached the C.E. of the FVG
Body filled half a candle body has reached the C.E. of the FVG
Extend mitigated lines sets the number of candles to extend the mitigated FVG levels by for better visibility.
Important Note: Mitigation is calculated based on the timeframe of the FVG, not current timeframe.
Display
Display settings focus on how the FVGs will be displayed. The trader is in total control and there are multiple ways to overlay FVGs on the chart.
Open / Close / C.E. / Link controls the borders. Traders can enable or disable any of them as well as set the thickness and style. Link is the right border.
C.E. also offers the option of setting the bullish (BISI) and bearish (SIBI) colors of the C.E. level
Labeling controls if the labels should be displayed next to the FVG, their color, background, and font size.
Label levels to display controls which levels to show. Open, High. or the C.E.
Label display content controls what to show in the labels, the timeframe of the label, is it a BISI or a SIBI, and a label to indicate if it is the Open or the Close.
Note: if the distance between the open and close has the potential of overlapping the labels, then the indicator will only show the C.E. label for visual clarity.
Advanced Settings
Advanced settings controls some internal calculations:
Proximity factor based on daily range used to calculate possible range of FVGs within a day's range to keep the chart clean. The higher the value, the more FVGs will be shown.
Combine labels factor for visibility used to calculate the distance between the open and close and if all the labels or only the C.E. should be displayed. The higher the value, the bigger the distance for combination (smaller numbers will show more labels).
Range should be within X candles used when "When in Range" option is selected. This is the ATR multiplier used to extend the FVGs. The higher the number, the more FVGs will be extended.
Once desired settings have been achieved, the settings can be saved as default from the bottom left of the indicator settings page for future use.
RSI TreeRSI Tree is a simple way to compare the strength of several different instruments against each other.
The default is to compare MSFT, NVDA, TSLA, GOOG, META, AMZN, AAPL and NASDAQ. You could do the same for currency pairs and any other instruments available in Trading View. However, it makes the most sense to compare seven instruments to an eighth underlying instrument. As you can see in the default values, we included the NASDAQ as the eighth instrument since the other seven are part of the NASDAQ composite index. If you were to trade major currency pairs, then your eighth instrument would most likely be the U.S. Dollar (DXY).
The chart setup is important as well. You need to split your chart horizontally into 4 plots. Each plot would be at a different timing interval. The example shows 4 hr, 1 hr, 15 min and 5 min (left to right) charts. Now not only can we compare the instruments against each other, but we can do it across time to get an idea of the motion of each instrument.
Note, the instrument used on the chart is somewhat important. If the chart is set to a currency pair, but you have the RSI Tree setup for equities (as in the default) then you will get some odd behavior due to the times when these are open. Equities are 0930 to 1600 EST, whereas something like a currency would be open 24 hours a day.
Layout for default settings: www.tradingview.com
Bugs?
Kindly report any issues and I'll try to fix them promptly.
Thank you!
VWAP PressureKey Features and Utility:
Intrabar Focus: Unlike standard VWAP, which provides a cumulative average throughout the day, the Intrabar VWAP focuses on volume-weighted price calculations within shorter time frames. This allows traders to see how price and volume interact moment-to-moment, offering a granular view of market sentiment.
Market Pressure Analysis: The indicator examines the difference between a smoothed weighted average price of the close and intrabar price movements. This analysis helps in identifying the market pressure at high volume areas. When the market exhibits high volume at low prices within a bar, it suggests accumulation, whereas high volume at high prices indicates distribution.
Momentum and Pressure Shift Signals: By applying a modified MACD calculation to the smoothed difference, the indicator provides signals on shifts in market pressure. Positive values indicate upward price momentum (buying pressure), while negative values suggest downward momentum (selling pressure).
ORB - Alerts, VWAP and MACD Checks, Extended Fib Levels
ORB Range Alerter with Shading, VWAP Check, MACD Check, and Extended Fibonacci Levels for TP – Fully Customizable
This indicator is designed to give you a comprehensive analysis of the Opening Range Breakout (ORB) combined with advanced conditions based on VWAP and MACD indicators, along with Extended Fibonacci Levels for both long and short TP positions.
Key Features:
Opening Range Breakout (ORB):
Defines the opening range at the market open (9:30 AM by default) based on your chart timeframe and shades it for visibility.
The high and low of the first candle after the open are plotted on the chart, creating a breakout range that traders can use to identify potential long or short positions.
VWAP Condition (Optional):
This indicator includes the option to enforce the VWAP (Volume-Weighted Average Price) as a condition for entering trades.
- Longs will only trigger if the price is above VWAP (when enabled).
- Shorts will only trigger if the price is below VWAP (when enabled).
Customizable : You can enable or disable the VWAP condition through a simple checkbox in the indicator’s settings.
MACD Condition (Optional):
Includes an optional MACD (Moving Average Convergence Divergence) condition.
- Longs will only trigger if the MACD line is above 0 and the signal line, providing confirmation of bullish momentum.
- Shorts will only trigger if the MACD line is below 0 and the signal line, indicating bearish momentum.
Customizable : You can enable or disable the MACD condition through a checkbox in the indicator’s settings, allowing you to trade with or without the MACD confirmation.
Fibonacci Extensions for Profit Targets:
Automatically calculates Fibonacci extension levels based on the ORB range for TP levels.
These levels provide key areas for potential profit-taking or reversal points.
Fibonacci extensions are plotted only after a confirmed breakout, either long or short.
The extensions include 127.2%, 161.8%, 200%, 261.8%, 423.6%, and 685.4%, offering a comprehensive set of targets for different trading strategies.
Shading of ORB Range:
The ORB high and low are visually emphasized on the chart with a shaded area for easy identification.
The shading is semi-transparent to help keep your chart clean and easy to read.
Customizable Timeframe:
The ORB range is defined based on the time of day (default is 9:30 AM to 4:00 PM), but you can adjust the timeframe to suit different trading sessions or markets.
Alerts for Breakouts:
Built-in alerts notify you when price crosses above or below the ORB high or low, along with the optional VWAP and MACD conditions.
Alerts can be used to create automated notifications or even execute automated trades based on your chosen settings.
How to Use:
Long Trade Example: When the price crosses above the ORB high, VWAP is above the price, and MACD shows bullish momentum (if these conditions are enabled), a potential long entry is triggered. You can use the Fibonacci extensions for profit targets.
Short Trade Example: When the price crosses below the ORB low, VWAP is below the price, and MACD confirms bearish momentum (if these conditions are enabled), a short entry is triggered. Fibonacci levels for the short position can guide your exit strategy.
Flexibility: You can enable or disable both VWAP and MACD conditions based on your trading style. This flexibility allows the indicator to adapt to different market conditions and strategies.
Customization Options:
Enable/Disable VWAP Condition: Decide if you want to include VWAP as a trade filter.
Enable/Disable MACD Condition: Choose whether to require MACD as confirmation for trade entries.
Adjust ORB Timeframe: Customize the time range for defining the ORB based on the market you're trading.
Fibonacci Extensions: Visualize key profit targets using Fibonacci extensions, which are automatically calculated and displayed after a breakout.
Supertrend 3 + DashboardSupertrend 3 + Dashboard (English and Japanese Explanation Below)
日本語解説は下記
Supertrend 3 + Dashboard is an advanced indicator for traders who wish to monitor multiple time frames simultaneously, combining three Supertrend indicators to provide a customizable dashboard that displays trend direction across multiple time frames. This allows traders to easily identify trends and potential reversals across different time frames, making it a powerful tool in trend-following strategies.
Explanation:
・Supertrend Calculation: The Supertrend indicator is calculated using the Average True Range (ATR) to determine the trend direction. In this indicator, three Supertrend calculations are used, each with customizable ATR lengths and multipliers, allowing traders to adjust the settings to fit their trading strategy.
・Multiple Timeframes: You can set different timeframes for each Supertrend, with default values of the current chart's timeframe for the first Supertrend, 5 minutes for the second, and 15 minutes for the third. These timeframes can be adjusted to fit the trader's preferences, enabling multi-timeframe trend analysis.
・Color Logic: Each Supertrend changes color based on the trend direction. Green indicates an uptrend, while red indicates a downtrend. The lines and filled areas are color-coded to visually differentiate between bullish and bearish trends across different timeframes.
・Dashboard Feature: The customizable dashboard displays trend signals for multiple timeframes (e.g., 1 minute, 5 minutes, 15 minutes, 1 hour, daily, weekly) in a tabular format. Each cell shows the trend direction with an arrow (▲ for uptrend, ▼ for downtrend), and the background color is adjusted accordingly. The dashboard can be positioned at different corners of the chart (top-left, top-right, bottom-left, bottom-right) based on user preference.
Notes:
Please note that this indicator may be subject to changes or removal without notice. The developer cannot be held responsible for any losses incurred from trading with this indicator, so please operate at your own risk.
Supertrend 3 + Dashboardは、複数の時間軸を同時に監視したいトレーダー向けの高度なインジケーターです。3つのSupertrendインジケーターを組み合わせ、複数の時間軸にわたるトレンド方向を表示するカスタマイズ可能なダッシュボードを提供します。これにより、トレーダーは異なる時間軸でのトレンドや反転の可能性を簡単に把握でき、トレンドフォロー戦略において強力なツールとなります。
・Supertrend計算方法: Supertrendインジケーターは、平均真の範囲（ATR）を使用してトレンド方向を決定します。このインジケーターでは、3つのSupertrend計算が使用され、それぞれにカスタマイズ可能なATRの期間と倍率が設定されており、トレーダーは戦略に合わせて設定を調整できます。
・複数時間軸: 各Supertrendに対して異なる時間軸を設定できます。デフォルトでは、第一のSupertrendは現在のチャートの時間軸、第二は5分、第三は15分に設定されています。これらの時間軸はトレーダーの好みに応じて調整可能で、複数時間軸でのトレンド分析が可能です。
・色のロジック: 各Supertrendは、トレンドの方向に応じて色が変わります。緑は上昇トレンド、赤は下降トレンドを示します。異なる時間軸での強気と弱気のトレンドを視覚的に区別するために、線や塗りつぶしの色が適用されています。
・ダッシュボード機能: カスタマイズ可能なダッシュボードは、1分、5分、15分、1時間、日足、週足など、複数の時間軸にわたるトレンド信号を表形式で表示します。各セルにはトレンド方向が矢印（▲は上昇、▼は下降）で表示され、背景色もそれに応じて調整されます。ダッシュボードの位置は、ユーザーの好みに応じて、チャートの四隅（左上、右上、左下、右下）に配置できます。
注意事項: このインジケーターは予告なく変更または削除される場合があります。このインジケーターを使用しての取引による損失について、開発者は責任を負いかねますので、自己責任でご利用ください。
Cumulative Volume Delta DivergenceThe Cumulative Volume Delta Divergence is an indicator that helps traders visually assess the buying and selling pressures in the market by analyzing volume divergences over time. This indicator overlays directly on the price chart, offering insights into how volume shifts correlate with price movements.
Utility and Trading Benefit
Divergence Detection
The primary utility of this indicator lies in its ability to detect divergences between volume trends and price movements. Such divergences can signal potential price reversals, providing traders with early warnings about shifts in market sentiment.
Enhanced Decision Making
By integrating volume analysis directly with price action on the chart, the indicator aids traders in making more informed decisions regarding entry and exit points. This can be crucial for capitalizing on trends or avoiding potential losses.
First Candle High Low LevelsDescription
The "First Candle High Low Levels" Pine Script indicator is designed to highlight the high and low levels of the first candle of the day on your TradingView chart. It works across different timeframes and specifically handles the Indian stock market trading hours (9:15 AM to 3:30 PM IST). The script draws a box from the start to the end of the trading session, visually marking the price range defined by the first candle of the day. Traders can customize the box's border color, fill color, and line width.
Features
Customizable Timeframe: Users can select the desired timeframe for the first candle (e.g., 5-minute, 15-minute, etc.).
Custom Box Appearance: Options to adjust the border color, fill color, and line width of the drawn box.
Auto Reset for Each New Day: The high and low of the first candle are reset daily to mark the start of the next trading day.
Accurate Market Session Handling: The box is drawn from the start of the first candle to the end of the trading session (3:30 PM IST).
Usage
Adding to Chart: Apply the script by copying it into the Pine Script editor in TradingView. Once added, the script will automatically draw a box representing the high and low of the first candle of the day.
Select Timeframe: You can adjust the First Candle Timeframe input to define which timeframe candle will be used for marking the high and low. For example, if you choose a 5-minute timeframe, the high and low of the first 5-minute candle will be used.
Customization:
Adjust the Border Color and Box Fill Color through the input settings to match your chart's style.
Modify the Box Line Width to make the box lines more or less prominent.
AnyTimeAndPrice
This indicator allows users to input a specific start time and display the price of a lower timeframe on a higher timeframe chart. It offers customization options for:
- Display name
- Label color
- Line extension
By adding multiple instances of the AnyTimeframeTimeAndPrice indicator, each customized for different times and prices, you can create a powerful and flexible tool for analyzing market data. Here's a potential setup:
1. Instance 1:
- Time: 08:23
- Price: Open
- Display Name: "8:23 Open"
- Label Color: Green
2. Instance 2:
- Time: 12:47
- Price: High
- Display Name: "12:47 High"
- Label Color: Red
3. Instance 3:
- Time: 15:19
- Price: Low
- Display Name: "3:19 Low"
- Label Color: Blue
4. Instance 4:
- Time: 16:53
- Price: Close
- Display Name: "4:53 Close"
- Label Color: Yellow
By having multiple instances, you can:
- Track different times and prices on the same chart
- Customize the display names, label colors, and line extensions for each instance
- Easily compare and analyze the relationships between different times and prices
This setup can be particularly useful for:
- Identifying key levels and support/resistance areas
- Analyzing market trends and patterns
- Making more informed trading decisions
Inputs:
1. AnyStartHour: Integer input for the start hour (default: 09, range: 0-23)
2. AnyStartMinute: Integer input for the start minute (default: 30, range: 0-59)
3. Sourcename: String input for the display name (default: "Open", options: "Open", "Close", "High", "Low")
4. Src_col: Color input for the label color (default: aqua)
5. linetimeExtMulti: Integer input for the line time extension (default: 1, range: 1-5)
Calculations:
1. AnyinputStartTime: Timestamp for the input start time
2. inputhour and inputminute: Hour and minute components of the input start time
3. formattedAnyTime: Formatted string for the input start time (HH:mm)
4. currenttime: Current timestamp
5. currenthour and currentminute: Hour and minute components of the current time
6. formattedTime: Formatted string for the current time (HH:mm)
7. onTime and okTime: Boolean flags for checking if the current time matches the input start time or is within the session
8. firstbartime: Timestamp for the first bar of the session
9. dailyminutesfromSource: Calculation for the daily minutes from the source
10. anyminSrcArray: Request security lower timeframe array for the source
11. ltf (lower timeframe): Integer variable for tracking the lower timeframe
12. Sourcevalue: Float variable for storing the source value
13. linetimeExt: Integer variable for line extension (calculated from linetimeExtMulti)
Logic:
1. Check if the current time matches the input start time or is within the session
2. If true, plot a line and label with the source value and formatted time
3. If not, check if the current time is within the daily session and plot a line and label accordingly
Notes:
- The script uses request.security_lower_tf to request data from a lower timeframe
- The script uses line.new and label.new to plot lines and labels on the chart
- The script uses str.format_time to format timestamps as strings (HH:mm)
- The script uses xloc.bar_time to position lines and labels at the bar time
This script allows users to input a specific start time and display the price of a lower timeframe on a higher timeframe chart, with options for customizing the display name, label color, and line extension.
