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EMA Ribbon with Signals for Scalping### **User Guide for the Moving Average Ribbon Indicator for Scalping** This guide explains how to use the **Moving Average Ribbon** indicator effectively for scalping in TradingView. --- ### **Trend Direction** - The **crossover between MA3 and MA4** determines the **trend direction**: - **Uptrend**: MA3 crosses above MA4. - **Downtrend**: MA3 crosses below MA4. - In **uptrends**, only **long trades** should be considered. - In **downtrends**, only **short trades** should be taken. --- ### **Pullbacks and Entry Opportunities** - **Yellow shading** between **MA1** and **MA2**, along with **yellow arrows**, indicate **pullbacks**. - **Green arrows** mark a **buy signal** in uptrends. - It is advisable to wait until the price **retraces into the area between MA1 and MA2** before entering a position. --- ### **Exit Strategies** 1. **Trailing Stop for Longer Trades**: - Use **MA4** as the **latest exit point** or as a **trailing stop** for extended trades. 2. **Quick Exits**: - For fast exits, monitor the **opposite crossover of MA1 and MA2**. --- ### **Scalping Workflow** 1. **Identify the Trend**: - Check the position of MA3 relative to MA4 to confirm the trend direction. 2. **Wait for Pullbacks**: - Look for yellow shading and yellow arrows signaling a pullback. 3. **Enter**: - Enter when the price retraces to the area between MA1 and MA2 and a **green arrow** appears. 4. **Exit**: - Use MA4 as a trailing stop for longer trades. - Use MA1 and MA2 crossovers for faster scalping exits.
Pine Script™ indicator
by neusfunden
Sessions [MiAn]A session script is a set of commands or instructions that are executed in a specific order to automate tasks, interact with systems, or perform other actions. Here's a general breakdown of what a session script typically includes: 1. *Initialization*: The script initializes the session, which may involve setting up environment variables, loading libraries or modules, or establishing connections to external systems. 2. *Commands or Instructions*: The script executes a series of commands or instructions, which can include tasks such as: - Data processing or manipulation - File operations (e.g., copying, moving, deleting) - System interactions (e.g., launching applications, sending notifications) - Network interactions (e.g., sending requests, receiving data) 3. *Logic and Control Flow*: The script may include conditional statements, loops, and other control structures to manage the flow of execution based on various conditions or inputs. 4. *Error Handling*: The script may include error handling mechanisms to catch and manage errors or exceptions that occur during execution. 5. *Cleanup*: The script may perform cleanup tasks, such as closing connections, releasing resources, or deleting temporary files. Session scripts can be written in various programming languages, such as shell scripts (e.g., Bash, PowerShell), Python, or other scripting languages. What specific type of session script are you interested in learning more about?
Pine Script™ indicator
by Mianasad786
Quartile For Loop [SeerQuant]Quartile For Loop (QFL) - The Quartile For Loop (QFL) is an advanced trend-following and scoring oscillator designed to detect momentum shifts and trend transitions using a quartile-based analysis. By leveraging quartile calculations and iterative scoring logic, QFL delivers dynamic trend signals which can be tailored to suit various market conditions. -------------------------------------------------------------------------------------------------- ⚙️ How It Works 1️⃣ Quartile-Based Calculation The indicator calculates the weighted average of the first quartile (Q1), median (Q2), and third quartile (Q3) over a customizable length, providing a robust adaptive trend value. 2️⃣ For Loop Scoring System A unique for-loop structure iteratively scores each quartile value against historical data, delivering actionable trend signals. Users can toggle between price-based and quartile-based scoring methods for flexibility. 3️⃣ Threshold Logic Bullish (Uptrend): Score exceeds the positive threshold. Bearish (Downtrend): Score falls below the negative threshold. Neutral: Score remains between thresholds. 4️⃣ Visual Trend Enhancements Optional candle coloring and a color-coded SMA provide clear visual cues for identifying trend direction. The adaptive quartile is dynamically updated to reflect changing market conditions. -------------------------------------------------------------------------------------------------- ✨ Customizable Settings Indicator Inputs Quartile Length: Define the calculation length for quartile analysis. Calculation Source: Choose the data source for quartile calculations (e.g., close price). Alternate Signal: Toggle between price-based and quartile-based scoring. Loop Settings Start/End Points: Set the range for the for-loop scoring system. Thresholds: Customize uptrend and downtrend thresholds. Style Settings Candle Coloring: Enable optional trend-based candle coloring. Color Schemes: Select from five unique palettes for trend visualization. -------------------------------------------------------------------------------------------------- 🚀 Features and Benefits Quartile-Driven Analysis: Harnesses the statistical power of quartiles for adaptive trend evaluation. Dynamic Scoring: Iterative scoring logic adjusts to market fluctuations. Clear Visual Representation: Color-coded histograms, candles, and trendlines enhance readability. Fully Customizable: Flexible inputs allow adaptation to diverse trading styles and strategies. -------------------------------------------------------------------------------------------------- 📜 Disclaimer This indicator is for educational purposes only and does not constitute financial advice. Market analysis is inherently speculative and subject to risk. Users should consult a licensed financial advisor before making trading decisions. Use at your own discretion. --------------------------------------------------------------------------------------------------
Pine Script™ indicator
by SeerQuant
Infinity Signals StrategyThe Indicate for scalpers Infinity Signals Strategy The Infinity Signals Strategy is a comprehensive trading tool that combines multiple techniques to enhance trading decisions. It includes the following features: UT Bot Alerts: Provides buy and sell signals using an ATR-based trailing stop mechanism. Customizable key sensitivity (Key Value) and ATR period. Option to base signals on Heikin Ashi candles for smoother trends. Hull Moving Average Suite: Offers three variations of Hull MA: HMA, EHMA, and THMA. Can display a higher timeframe Hull MA for broader trend analysis. Trend-based coloring for better visualization of market direction. Alerts for Hull trend changes. Market Structure Levels: Calculates dynamic support and resistance levels based on the square-root method of the daily opening price. Plots key levels (R1–R5 for resistance and S1–S5 for support) for better market structure understanding. EMA Overlay: Includes a customizable EMA to complement other trend-following components. Customizable Alerts: Alerts for key trading events like buy/sell signals and Hull trend changes, ensuring timely notifications. This indicator is designed to work across multiple markets and timeframes, providing traders with a robust framework for identifying potential trade opportunities and managing risk effectively.
Pine Script™ indicator
by Muthukumar78
3 Down, 3 Up Strategy█ STRATEGY DESCRIPTION The "3 Down, 3 Up Strategy" is a mean-reversion strategy designed to capitalize on short-term price reversals. It enters a long position after consecutive bearish closes and exits after consecutive bullish closes. This strategy is NOT optimized and can be used on any timeframes. █ WHAT ARE CONSECUTIVE DOWN/UP CLOSES? - Consecutive Down Closes: A sequence of trading bars where each close is lower than the previous close. - Consecutive Up Closes: A sequence of trading bars where each close is higher than the previous close. █ SIGNAL GENERATION 1. LONG ENTRY A Buy Signal is triggered when: The price closes lower than the previous close for Consecutive Down Closes for Entry (default: 3) consecutive bars. The signal occurs within the specified time window (between Start Time and End Time). If enabled, the close price must also be above the 200-period EMA (Exponential Moving Average). 2. EXIT CONDITION A Sell Signal is generated when the price closes higher than the previous close for Consecutive Up Closes for Exit (default: 3) consecutive bars. █ ADDITIONAL SETTINGS Consecutive Down Closes for Entry: Number of consecutive lower closes required to trigger a buy. Default = 3. Consecutive Up Closes for Exit: Number of consecutive higher closes required to exit. Default = 3. EMA Filter: Optional 200-period EMA filter to confirm long entries in bullish trends. Default = disabled. Start Time and End Time: Restrict trading to specific dates (default: 2014-2099). █ PERFORMANCE OVERVIEW Designed for volatile markets with frequent short-term reversals. Performs best when price oscillates between clear support/resistance levels. The EMA filter improves reliability in trending markets but may reduce trade frequency. Backtest to optimize consecutive close thresholds and EMA period for specific instruments.
Pine Script™ strategy
by Botnet101
TTrades Fractal ModelFractal Model by TTrades Crafted with TTrades, the Fractal Model empowers traders with a refined approach to Algorithmic Price Delivery. Specifically designed for those aiming to capitalize on expansive moves, this model anticipates momentum shifts, swing formations, orderflow continuations, as well as helping analysts highlight key areas to anticipate price deliveries. Description: The Fractal Model° is rooted in the cyclical nature of price movements, where price alternates between large and small ranges. Expansion occurs when price moves consistently in one direction with momentum. By combining higher Timeframe closures with the confirmation of the change in state of delivery (CISD) on the lower Timeframe, the model reveals moments when expansion is poised to occur.
Pine Script™ indicator
by Lucafbg
2
RSI OB/OS Strategy Analyzer█ OVERVIEW The RSI OB/OS Strategy Analyzer is a comprehensive trading tool designed to help traders identify and evaluate overbought/oversold reversal opportunities using the Relative Strength Index (RSI). It provides visual signals, performance metrics, and a detailed table to analyze the effectiveness of RSI-based strategies over a user-defined lookback period. █ KEY FEATURES RSI Calculation Calculates RSI with customizable period (default 14) Plots dynamic overbought (70) and oversold (30) levels Adds background coloring for OB/OS regions Reversal Signals Identifies signals based on RSI crossing OB/OS levels Two entry strategies available: Revert Cross: Triggers when RSI exits OB/OS zone Cross Threshold: Triggers when RSI enters OB/OS zone Trade Direction Users can select a trade bias: Long: Focuses on oversold reversals (bullish signals) Short: Focuses on overbought reversals (bearish signals) Performance Metrics Calculates three key statistics for each lookback period: Win Rate: Percentage of profitable trades Mean Return: Average return across all trades Median Return: Median return across all trades Metrics calculated as percentage changes from entry price Visual Signals Dual-layer signal display: BUY: Green triangles + text labels below price SELL: Red triangles + text labels above price Semi-transparent background highlighting in OB/OS zones Performance Table Interactive table showing metrics for each lookback period Color-coded visualization: Win Rate: Gradient from red (low) to green (high) Returns: Green for positive, red for negative Time Filtering Users can define a specific time window for the indicator to analyze trades, ensuring that performance metrics are calculated only for the desired period. Customizable Display Adjustable table font sizes: Auto/Small/Normal/Large Toggle option for table visibility █ PURPOSE The RSI OB/OS Strategy Analyzer helps traders: Identify mean-reversion opportunities through RSI extremes Backtest entry strategy effectiveness across multiple time horizons Optimize trade timing through visual historical performance data Quickly assess strategy robustness with color-coded metrics █ IDEAL USERS Counter-Trend Traders: Looking to capitalize on RSI extremes Systematic Traders: Needing quantitative strategy validation Educational Users: Studying RSI behavior in different market conditions Multi-Timeframe Analysts: Interested in forward returns analysis
Pine Script™ indicator
by Botnet101
Comprehensive Volume and Metrics with Pre-Market Volume Data This script is designed for traders who want a detailed view of market activity, including regular market and pre-market volume, dollar volume, relative volume (RVOL), average daily range (ADR), average true range (ATR), relative strength index (RSI), and the QQQ’s percentage change. The script includes customizable metrics displayed in tables on the chart for easy analysis, with the option to toggle the visibility of each metric. Key Features: Volume and Dollar Volume: Displays the volume of shares traded during the current day (or pre-market, if enabled). Includes a calculation of dollar volume, representing the total dollar amount of trades (Volume × Close Price). Relative Volume (RVOL): Displays RVOL Day, which is the relative volume of the current day compared to the 2-day moving average. Shows RVOL 90D, indicating relative volume over the past 90 days. Both RVOL metrics are calculated as percentages and display the percentage change compared to the standard (100%). Pre-Market Data: Includes pre-market volume (PVOL) and pre-market dollar volume (P$ VOL) which are displayed only if pre-market data is enabled. Tracks volume and dollar volume during pre-market hours (4:00 AM to 9:30 AM Eastern Time) for more in-depth analysis. Optionally, shows pre-market RSI based on volume-weighted close prices. Average Daily Range (ADR): Displays the percentage change between the highest and lowest prices over the defined ADR period (default is 20 days). Average True Range (ATR): Shows the ATR, a popular volatility indicator, for a given period (default is 14 bars). RSI (Relative Strength Index): Displays RSI for the given period (default is 14). RSI is calculated using pre-market data when available. QQQ: Shows the percentage change of the QQQ ETF from the previous day’s close. The QQQ percentage change is color-coded: green for positive, red for negative, and gray for no change. Customizable Inputs: Visibility Options: Toggle the visibility of each metric, such as volume, dollar volume, RVOL, ADR, ATR, RSI, and QQQ. Pre-Market Data: Enable or disable the display of pre-market data for volume and dollar volume. Table Positioning: Adjust the position of tables displaying the metrics either at the bottom-left or bottom-right of the chart. Text Color and Table Background: Choose between white or black text for the tables and customize the background color. Tables: The script utilizes tables to display multiple metrics in an organized and easy-to-read format. The values are updated dynamically, reflecting real-time data as the market moves. Pre-Market Data: The script calculates pre-market volume and dollar volume, along with other key metrics like RSI and RVOL, to help assess market sentiment before the market officially opens. The pre-market data is accumulated from 4:00 AM to 9:30 AM ET, allowing for pre-market analysis and comparison to regular market hours. User-Friendly and Flexible: This script is designed to be highly customizable, giving you the ability to toggle which metrics to display and where they appear on the chart. You can easily focus on the data that matters most to your trading strategy.
Pine Script™ indicator
by tommyttcat
Internal Bar Strength (IBS) Strategy█ STRATEGY DESCRIPTION The "Internal Bar Strength (IBS) Strategy" is a mean-reversion strategy designed to identify trading opportunities based on the closing price's position within the daily price range. It enters a long position when the IBS indicates oversold conditions and exits when the IBS reaches overbought levels. This strategy was designed to be used on the daily timeframe. █ WHAT IS INTERNAL BAR STRENGTH (IBS)? Internal Bar Strength (IBS) measures where the closing price falls within the high-low range of a bar. It is calculated as: IBS = (Close - Low) / (High - Low) - **Low IBS (≤ 0.2)**: Indicates the close is near the bar's low, suggesting oversold conditions. - **High IBS (≥ 0.8)**: Indicates the close is near the bar's high, suggesting overbought conditions. █ SIGNAL GENERATION 1. LONG ENTRY A Buy Signal is triggered when: The IBS value drops below the Lower Threshold (default: 0.2). The signal occurs within the specified time window (between `Start Time` and `End Time`). 2. EXIT CONDITION A Sell Signal is generated when the IBS value rises to or above the Upper Threshold (default: 0.8). This prompts the strategy to exit the position. █ ADDITIONAL SETTINGS Upper Threshold: The IBS level at which the strategy exits trades. Default is 0.8. Lower Threshold: The IBS level at which the strategy enters long positions. Default is 0.2. Start Time and End Time: The time window during which the strategy is allowed to execute trades. █ PERFORMANCE OVERVIEW This strategy is designed for ranging markets and performs best when prices frequently revert to the mean. It is sensitive to extreme IBS values, which help identify potential reversals. Backtesting results should be analyzed to optimize the Upper/Lower Thresholds for specific instruments and market conditions.
Pine Script™ strategy
by Botnet101