YOUFX.ALL IN ONE.V2"YOUFX ALL IN ONE V2 is a comprehensive indicator that provides advanced analytical tools. Specifically designed for forex traders and financial markets. Add the indicator and choose the settings that best suit your trading strategy.
(Note: This indicator is for educational purposes only and is not an investment recommendation.)"
Indicators and strategies
Dominance: USDT + USDCThis script combines the dominance of USDT and USDC, the two largest stablecoins in the market, to provide a clear and accurate view of their impact on the total cryptocurrency market cap.
Key Features:
- Individual Dominance: Displays the percentage dominance of USDT and USDC separately.
- Combined Dominance: Shows a line combining the dominance of both stablecoins to understand their total market influence.
- Real-Time Accuracy: Updates values based on the latest TradingView data.
- Visual Clarity: Unique colors for each line for easy interpretation:
- Blue: USDT Dominance.
- Green: USDC Dominance.
- Red: Total Combined Dominance.
Benefits:
- Strategic Analysis: Evaluate how stablecoins influence capital flow in the crypto market.
- Identify Trends: Understand growth or decline in dominance to detect market direction changes.
- Informed Decisions: Ideal for traders analyzing the relationship between stablecoins and overall market movements.
How to Use:
- Add the script to your chart and monitor the dominance lines.
- Use the insights to support your trading strategy.
Note: This script does not provide buy or sell signals. It is intended for informational and analytical purposes.
Happy Dot MarkerI noticed reading bars a certain pattern pops up.
After a move up/down leaving a space between bars and a 21 ema, 2 particular consecutive bars would possibly initiate the start of a move back to 21 ema.
When the low(high) of the current bar goes below(above) the close of the prior bar and that is offered consecutively their appears like a good chance at mean reversion.
I wrote this script for fun to visualize an idea i had.
ATH DrawdownThis Pine Script indicator, titled "ATH Drawdown," is designed to help traders and analysts visualize various drawdown levels from the all-time high (ATH) of a security over the past 365 days. This indicator plots several key drawdown levels on the chart and dynamically updates their color and labels to reflect market conditions.
Key Features:
Daily High Calculation:
Fetches the daily high prices for the security using the request.security function.
Highest High Calculation:
Calculates the highest high over the last 365 days using daily data. This represents the all-time high (ATH) for the specified period.
Drawdown Levels:
Computes various drawdown levels from the ATH:
2% Drawdown
5% Drawdown
10% Drawdown
15% Drawdown
25% Drawdown
45% Drawdown
50% Drawdown
Dynamic Line Coloring:
The color of the 2% drawdown line changes dynamically based on the current closing price:
Red if the close is below the 2% drawdown level.
Green if the close is above the 2% drawdown level.
Plotting Drawdown Levels:
Plots each drawdown level on the chart with specific colors and line widths for easy visual distinction:
2% Drawdown: Green or Red, depending on the closing price.
5% Drawdown: Orange.
10% Drawdown: Blue.
15% Drawdown: Maroon.
25% Drawdown: Purple.
45% Drawdown: Yellow.
50% Drawdown: Black.
Labels for Drawdown Levels:
Adds labels at the end of each drawdown line to indicate the percentage drawdown:
Labels display "2%", "5%", "10%", "15%", "25%", "45%", and "50%" respectively.
The labels are positioned dynamically at the latest bar index to ensure they are always visible.
Example Use Cases:
Risk Management: Quickly identify significant drawdown levels to assess the risk of current positions.
Support Levels: Use drawdown levels as potential support levels where price might find buying interest.
Performance Tracking: Monitor how far the price has retraced from its all-time high to understand market sentiment and performance.
This script offers traders and analysts an efficient way to visualize and track important drawdown levels from the ATH, helping in better risk management and decision-making. The dynamic color and label features enhance the readability and usability of the indicator.
High LowThis is an indicator that labels the highs and lows of the previous day, week, month, and year, and highlights when the price crosses those levels.
Lukhi EMA Crossover_TWL strategy### Description of the Script
This Pine Script implements the **Lukhi EMA Crossover_TWL Strategy** for use on TradingView. It is designed to generate buy and sell signals based on an Exponential Moving Average (EMA) crossover combined with Relative Strength Index (RSI) confirmation. The strategy also incorporates capital management features such as stop-loss and take-profit levels, along with detailed entry labels and failure indications. Here's a detailed breakdown:
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### **Features**
1. **Customizable Parameters**:
- **Capital**: Define the total trading capital (`₹15,000` by default).
- **Risk per Trade**: Set the maximum amount you are willing to risk per trade (`₹1,000` by default).
- **Target Profit per Trade**: Define the desired profit per trade (`₹5,000` by default).
- **Lot Size**: Specify the number of contracts/lots for the trade (`75` by default for Nifty).
- **Stop-Loss Distance**: Use a fixed point-based stop-loss (`20` points by default).
2. **Indicators**:
- **Exponential Moving Averages (EMAs)**:
- Short EMA (`9-period`) and Long EMA (`21-period`).
- Used to identify trend direction and crossover signals.
- **Relative Strength Index (RSI)**:
- Configurable `14-period` RSI.
- RSI levels help confirm overbought/oversold conditions.
3. **Entry Signals**:
- **Buy Signal**: Triggered when the short EMA crosses above the long EMA and RSI is above 50.
- **Sell Signal**: Triggered when the short EMA crosses below the long EMA and RSI is below 50.
4. **Exit Logic**:
- Stop-loss and take-profit levels are dynamically calculated based on the risk per trade and position size.
- The script automatically exits the trade when either the stop-loss or take-profit levels are reached.
5. **Visual Elements on Chart**:
- **EMA Lines**:
- Plots the short EMA (blue) and long EMA (orange) on the chart for easy visualization.
- **Buy and Sell Labels**:
- Buy and sell signals are marked on the chart with labels showing:
- Entry price
- Target price
- Stop-loss price
- **Failure Indicators**:
- Displays a red cross on the chart if a stop-loss is hit (indicating a failed trade).
---
### **How It Works**
1. **Setup**:
- The script calculates the short and long EMAs using the closing prices of the selected asset.
- RSI is calculated for additional confirmation of trade signals.
2. **Signals**:
- A **Buy Signal** is generated when:
- Short EMA crosses above the long EMA.
- RSI is above 50 (indicating bullish momentum).
- A **Sell Signal** is generated when:
- Short EMA crosses below the long EMA.
- RSI is below 50 (indicating bearish momentum).
3. **Risk Management**:
- Position size is determined dynamically using the stop-loss distance and risk per trade.
- Stop-loss and take-profit levels are calculated for both long and short trades.
4. **Trade Execution**:
- The script automatically places orders based on buy/sell signals and exits them when stop-loss or take-profit levels are reached.
5. **Visual Feedback**:
- The chart displays the calculated entry, stop-loss, and target prices for each signal.
- Failed trades (where stop-loss is hit) are marked with a red cross.
---
### **Applications**
- Suitable for trading Nifty and other similar instruments with defined lot sizes.
- Ideal for traders who follow systematic EMA crossover strategies combined with RSI for confirmation.
- Helps in automating entry and exit signals while incorporating robust risk management.
---
### **Usage**
1. Copy the script into TradingView’s Pine Editor.
2. Adjust the input parameters (capital, risk, lot size, stop-loss, etc.) according to your trading requirements.
3. Apply the strategy to your desired chart and timeframe.
4. Monitor the buy/sell labels and review stop-loss or target levels before placing trades.
---
### **Notes**
- This script is configured for educational purposes and should be tested on a demo account before live trading.
- Proper risk management and backtesting are recommended to adapt the strategy to different market conditions.
Stochastic RSI with Alerts - Shore TeaJust a normal Stoch RSI but with alerts and labels for easier monitoring
VP 1% O preço de abertura (daily_open) é atualizado toda vez que o dia muda (determinamos isso com ta.change(time("D"))).
Cálculo dos Níveis Percentuais:
Níveis para cima (level_up) e para baixo (level_down) são calculados com base no preço de abertura e o incremento percentual definido (percent_step).
Desenho dos Níveis:
Os níveis são desenhados como linhas pontilhadas no gráfico. A cor verde é usada para os níveis acima e vermelha para os níveis abaixo do preço de abertura.
Configuração:
Você pode ajustar o número de níveis alterando o limite no for i = 1 to 50 e o tamanho do incremento no percent_step.
Como usar:
Copie o código no editor de scripts do TradingView.
Salve e aplique no gráfico.
O indicador irá traçar linhas de variação percentual de 1% em 1% acima e abaixo do preço de abertura do dia.
Ultimate Heatmap Sniper Bot V1.01How to Use the Ultimate Heatmap Sniper Bot in TradingView
This strategy is designed to predict optimal buy and sell points using heatmaps, higher timeframe trend analysis, and flashy visuals. Below, I'll break down each indicator, what it does, and how you should use it.
📌 Core Concepts:
The bot analyzes price action using two key elements:
Heatmap Trading Zones – Predicts where price is most likely to reverse or continue momentum.
Multi-Timeframe Confirmation – Uses 1-week and 1-month trends to validate trades before entering.
📊 Indicators & What They Mean
1️⃣ Heatmap Highs & Lows (Green & Red Lines)
📌 Purpose:
Red Line (Heatmap High) → A resistance zone where the bot expects price to sell off.
Green Line (Heatmap Low) → A support zone where the bot expects price to bounce.
📌 How to Use:
BUY when price dips to the green heatmap low.
SELL when price spikes to the red heatmap high.
The bot automatically executes these trades for you.
2️⃣ 1-Week & 1-Month Moving Averages (Blue & Orange Lines)
📌 Purpose:
The bot checks long-term trends to avoid trading against major market momentum.
Blue Line (1-Week MA) → Shorter-term market trend.
Orange Line (1-Month MA) → Longer-term market trend.
📌 How to Use:
If the 1-Week MA is above the 1-Month MA, the market is in an uptrend (favoring long trades).
If the 1-Week MA is below the 1-Month MA, the market is in a downtrend (favoring short trades).
The bot will only execute trades in the direction of the trend to prevent counter-trend mistakes.
3️⃣ Trade Signals (Green & Red Arrows)
📌 Purpose:
Green Buy Signal (⬆️) → The bot executed a long trade (buy).
Red Sell Signal (⬇️) → The bot executed a short trade (sell).
📌 How to Use:
These are actual trades the bot made based on the heatmap and trend conditions.
You can verify its decisions by comparing signals to heatmap levels.
4️⃣ Pre-Warning Signals (Blue & Orange Bubbles)
📌 Purpose:
These bubbles appear BEFORE an actual trade is executed.
Blue Warning Bubble (🔵) → The bot predicts a buy signal soon.
Orange Warning Bubble (🟠) → The bot predicts a sell signal soon.
📌 How to Use:
If you see a blue warning, price is approaching a key buy zone.
If you see an orange warning, price is approaching a key sell zone.
These give you a heads-up before the bot trades.
5️⃣ The Purple “Sparkle Trail” (Projected Move)
📌 Purpose:
This is a forecasting line that predicts where price might go next.
It is NOT an execution trigger but serves as a guideline for future movement.
📌 How to Use:
If the purple line is trending up, it suggests price may continue higher.
If the purple line is trending down, it suggests price may continue lower.
Use it to anticipate future price action and see if price is respecting the heatmap levels.
⚡ Summary – How to Use This Strategy Effectively
✅ Step 1: Watch the Trend
If the blue (1-week) MA is above the orange (1-month) MA, favor buys.
If the blue (1-week) MA is below the orange (1-month) MA, favor sells.
✅ Step 2: Trade Heatmap Levels
BUY when price is at or near the green heatmap low.
SELL when price is at or near the red heatmap high.
✅ Step 3: Use Pre-Warnings for Extra Confirmation
A blue bubble means a BUY may be coming soon.
An orange bubble means a SELL may be coming soon.
✅ Step 4: Watch the Purple Sparkle Trail
It forecasts price movement and helps you anticipate market direction.
Use it alongside the heatmap to confirm whether the market is respecting trade zones.
🚀 Final Thoughts
This bot is designed to be a sniper-style trading system that anticipates market moves before they happen using:
Multi-timeframe confirmation
Heatmap trading
Advanced warning signals
Projected future moves
Now that you understand how everything works, test it out in TradingView and see how well it predicts trades!
Let me know if you’d like further refinements or any cool visual upgrades. 🚀✨
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📊 How to Use the Strategy Tester in TradingView to Optimize the Heatmap Sniper Bot
Using the TradingView Strategy Tester, you can backtest the bot on different timeframes to find the most profitable settings.
⚡ Step 1: Open the Strategy Tester
1️⃣ Load the Bot into TradingView:
Open TradingView and go to a chart.
Click on the Pine Script Editor (bottom panel).
Copy and paste the Ultimate Heatmap Sniper Bot script.
Click Add to Chart.
2️⃣ Open the Strategy Tester Panel:
At the bottom of the screen, click on the Strategy Tester tab.
This will show you performance metrics and trade history.
🕒 Step 2: Select Different Timeframes for Testing
Each timeframe will result in different trade opportunities. To find the best-performing one:
Start with the Recommended Timeframes:
1-Minute (M1) → High-frequency trades, works best in volatile markets.
5-Minute (M5) → Balanced approach, good for intraday trading.
15-Minute (M15) → More stable signals, good for longer trends.
1-Hour (H1) → Less frequent trades but potentially more accurate.
4-Hour (H4) → More reliable long-term trend trades.
Daily (D1) → Best for swing trading.
Switch Timeframes:
Click the timeframe selector (top-left corner of the chart).
Choose a different timeframe (M1, M5, M15, H1, H4, etc.).
Observe how the trade signals change.
Monitor Strategy Performance:
Check the equity curve (shows balance over time).
Look at net profit/loss in the Performance Summary.
Compare win rate, average profit per trade, and drawdown.
📈 Step 3: Analyzing the Strategy Tester Metrics
Once you've tested across different timeframes, analyze the results:
Key Metrics to Compare:
✅ Net Profit – How much money the bot made/lost.
✅ Win Rate (%) – Higher means more successful trades.
✅ Max Drawdown (%) – Lower means lower risk.
✅ Profit Factor – Profit per dollar risked (above 1.5 is good).
✅ Avg. Trade Duration – Shows if trades are too short or too long.
Best Timeframe Selection Strategy
If win rate is high and profit is increasing, that timeframe works well.
If the bot trades too much with losses, try higher timeframes.
If the bot rarely trades, try lower timeframes for more signals.
⚙ Step 4: Fine-Tune Parameters for Higher Profits
If the bot isn’t performing well, you can adjust its settings:
Key Inputs You Can Modify:
🔹 Heatmap Sensitivity → Adjusts the buy/sell zones.
🔹 Moving Averages (1-Week & 1-Month) → Change to find the best trend filter.
🔹 Trade Frequency → Increase/decrease trades per day.
🔹 Lookback Period → Helps refine buy/sell projections.
🚀 Final Optimization Process
1️⃣ Test the strategy on multiple timeframes (M1, M5, M15, H1, H4, D1).
2️⃣ Compare performance metrics in the Strategy Tester.
3️⃣ Identify the best timeframe based on profitability & win rate.
4️⃣ Fine-tune settings to maximize profit.
5️⃣ Use the best settings for live trading!
🔥 Conclusion
By following these steps, you can find the most profitable timeframe and settings for the Ultimate Heatmap Sniper Bot. 🚀
Experiment with different parameters, optimize for maximum profitability, and dominate the market! 🎯💰
Let me know if you need any additional tweaks or improvements! 🚀✨
BTM LayoutThis is for personal use and for my friends, that's why publislishing it.
when trend line color is green and you see a buy signal that indicates there is a buy trend.
when trend line color is Red and you see a Sell signal that indicates there is a Sell trend.
better chart timeframe is 15 mins and 30 mins.
UT + STC Signal Strategy with Corrected ATR Stops UT + STC Strategy
Overview
The UT + STC Strategy is a comprehensive trading strategy that combines the UT Bot for dynamic entry and exit signals with the Schaff Trend Cycle (STC) for trend analysis and confirmation. This strategy is designed to optimize trade entries and exits by utilizing advanced indicators and dynamic risk management.
Key Features
1. Dynamic Entry and Exit Signals:
• Utilizes the UT Bot to identify potential buy and sell opportunities based on price action and volatility.
• Entry signals are further validated by the Schaff Trend Cycle (STC), ensuring trades align with the prevailing trend.
2. Multi-Layered Risk Management:
• ATR-based Stop Loss and Take Profit: Dynamically adjusts stop loss and take profit levels based on the Average True Range (ATR), adapting to market volatility.
• Reverse Signal Handling: Positions can be closed or reversed when opposing signals are detected, depending on market conditions.
• Capital Protection Stop: Includes a maximum drawdown feature to safeguard against significant portfolio losses.
3. Trend Confirmation with Schaff Trend Cycle (STC):
• The STC indicator combines MACD with additional smoothing and normalization to identify trends with improved accuracy.
• It provides clear insights into overbought and oversold conditions, enhancing trade timing.
4. Customizable Filters and Parameters:
• Includes flexible settings for EMA filtering, ATR sensitivity, and STC thresholds, allowing traders to tailor the strategy to specific market conditions or preferences.
5. Visual Annotations:
• Entry and exit points are visually marked on the chart with detailed information, including stop loss, take profit, and trend confirmation data.
• Provides clear and actionable insights directly on the trading interface.
Use Case
This strategy is ideal for:
• Trend-following traders: Those who aim to align trades with the market’s dominant trend.
• Volatility-aware traders: Those who want to adjust their risk and reward dynamically based on market conditions.
• Algorithmic enthusiasts: Traders who appreciate automated, rules-based systems for disciplined execution.
How It Works
1. Entry Conditions:
• A buy signal is triggered when the price crosses above the UT trailing stop level, and the STC indicates an oversold condition with a rising trend.
• A sell signal is triggered when the price crosses below the UT trailing stop level, and the STC indicates an overbought condition with a falling trend.
2. Exit Conditions:
• Positions are closed if the price hits the ATR-based stop loss or take profit level.
• Positions are also closed if a reverse signal is generated, though a new position is only opened if the reverse signal aligns with other conditions.
3. Capital Preservation:
• The strategy continuously monitors portfolio drawdown and closes all positions if the maximum drawdown limit is breached.
Benefits
• Dynamic adaptability: Responds to market volatility and changing trends in real time.
• Clear logic and transparency: Provides visual annotations and detailed parameters for every trade decision.
• Robust risk management: Minimizes losses while maximizing profit potential through layered risk controls.
TSLA 最终版交易系统然后，我需要考虑如何将用户的需求转化为符合Pine Script语法的代码。例如，如果用户希望在不同时间框架下应用不同的风险控制，可能需要通过调整仓位大小或止损距离来实现，而不是直接修改max_drawdown。或者，如果确实需要根据时间框架动态调整回撤限制，可能需要寻找其他方法，比如使用不同的策略实例，但这可能不太现实。
最后，我需要确保提供的解决方案不仅解决了语法错误，还保持了策略原有的逻辑和意图。可能需要向用户解释为什么不能在条件块中使用该函数，并提供替代方案，确保他们理解调整后的代码如何工作。
High Probability Setupbased on price action and volume apply on when match the risk and reward ration
Multi-Timeframe Support & ResistancePrevious Daily High - Previous Daily Low
Previous Weekly High - Previous Weekly Low
Previous Monthly High - Previous Monthly Low
Draw On Liquidity = Highs 7& Lows
PDF MA For Loop [BackQuant]PDF MA For Loop
Introducing the PDF MA For Loop, an innovative trading indicator that combines Probability Density Function (PDF) smoothing with a dynamic for-loop scoring mechanism. This advanced tool provides traders with precise trend-following signals, helping to identify long and short opportunities with improved clarity and adaptability to market conditions.
If you would like to check out the stand alone PDF Moving Average:
Core Concept: Probability Density Function (PDF) Smoothing
The PDF smoothing method is a unique approach that applies adaptive weights to price data based on a Probability Density Function. This ensures that recent data points receive appropriate emphasis while maintaining a smooth transition across the data set. The result is a moving average that is not only smoother but also more responsive to market changes.
Key parameters in PDF smoothing:
Variance : Controls the spread of the PDF, where a higher value results in broader smoothing and a lower value makes the moving average more sensitive.
Mean : Centers the PDF around a specific value, influencing the weighting and responsiveness of the smoothing process.
By combining PDF smoothing with traditional moving averages (EMA or SMA), the indicator creates a hybrid signal that balances responsiveness and reliability.
For-Loop Scoring Mechanism
At the heart of this indicator is the for-loop scoring mechanism, which evaluates the smoothed PDF moving average over a defined range of historical data points. This process assigns a score to the current market condition based on whether the PDF moving average is greater than or less than previous values.
Long Signal: A long signal is generated when the score exceeds the Long Threshold (default set at 40), indicating upward momentum.
Short Signal: A short signal is triggered when the score crosses below the Short Threshold (default set at -10), suggesting potential downward momentum.
This dynamic scoring system ensures that the indicator remains adaptive, capturing trends and shifts in market sentiment effectively.
Customization Options
The PDF MA For Loop includes a variety of customizable settings to fit different trading styles and strategies:
Calculation Settings
Price Source : Select the input price for the calculation (default is the close price).
Smoothing Method : Choose between EMA or SMA for the additional smoothing layer, providing flexibility to adapt to market conditions.
Smoothing Period : Adjust the lookback period for the smoothing function, with shorter periods providing more sensitivity and longer periods offering greater stability.
Variance & Mean : Fine-tune the PDF function parameters to control the weighting of the smoothing process.
Signal Settings
Thresholds : Customize the upper and lower thresholds to define the sensitivity of the long and short signals.
For Loop Range : Set the range of historical data points analyzed by the for-loop, influencing the depth of the scoring mechanism.
UI Settings
Signal Line Width: Adjust the thickness of the plotted signal line for better visibility.
Candle Coloring: Enable or disable the coloring of candlesticks based on trend direction (green for long, red for short, gray for neutral).
Background Coloring: Add background shading to highlight long and short signals for an enhanced visual experience.
Alerts and Automation
The indicator includes built-in alert conditions to notify traders of important market events:
Long Signal Alert: Notifies when the score exceeds the upper threshold, indicating a bullish trend.
Short Signal Alert: Notifies when the score crosses below the lower threshold, signaling a bearish trend.
These alerts can be configured for real-time notifications, allowing traders to respond quickly to market changes without constant chart monitoring.
Trading Applications
The PDF MA For Loop is versatile and can be applied across various trading strategies and market conditions:
Trend Following: The PDF smoothing method combined with for-loop scoring makes this indicator particularly effective for identifying and following trends.
Reversal Trading: By observing the thresholds and score, traders can anticipate potential reversals when the trend shifts from long to short (or vice versa).
Risk Management: The dynamic thresholds and scoring provide clear signals, allowing traders to enter and exit trades with greater confidence and precision.
Final Thoughts
The PDF MA For Loopis merges advanced mathematical concepts with practical trading tools. By leveraging Probability Density Function smoothing and a dynamic for-loop scoring system, it provides traders with clear, actionable signals while adapting to market conditions.
Whether you’re looking for an edge in trend-following strategies or seeking precision in identifying reversals, this indicator offers the flexibility and power to enhance your trading decisions
As always, backtesting and integrating the PDF MA For Loop into a comprehensive trading strategy is recommended for optimal performance, as no single indicator should be used in isolation.
Thus following all of the key points here are some sample backtests on the 1D Chart
Disclaimer: Backtests are based off past results, and are not indicative of the future.
INDEX:BTCUSD
INDEX:ETHUSD
BINANCE:SOLUSD
Dragon Harmonic Pattern [TradingFinder] Dragon Detector🔵 Introduction
The Dragon Harmonic Pattern is one of the technical analysis tools that assists traders in identifying Potential Reversal Zones (PRZ). Resembling an "M" or "W" shape, this pattern is recognized in financial markets as a method for predicting bullish and bearish trends. By leveraging precise Fibonacci ratios and measuring price movements, traders can use this pattern to forecast market trends with high accuracy.
The Dragon Harmonic Pattern is built on the XABCD structure, where each point plays a significant role in shaping and forecasting price movements. Point X marks the beginning of the trend, representing the initial price movement. Point A indicates the first retracement, usually falling within the 0.380 to 0.620 range of the XA wave.
Next, point B signals the second retracement, which lies within 0.200 to 0.400 of the AB wave. Point C, acting as the hump of the pattern, is generally located within 0.800 to 1.100 of the XA wave. Finally, point D represents the endpoint of the pattern and the Potential Reversal Zone (PRZ), where the primary price reversal occurs.
In bullish scenarios, the Dragon Pattern indicates a reversal from a downtrend to an uptrend, where prices move upward from point D. Conversely, in bearish scenarios, prices decline after reaching point D. Accurate identification of this pattern through Fibonacci ratio analysis and PRZ examination can significantly increase the success rate of trades, enabling traders to adjust their strategies based on key market levels such as 0.618 or 1.100.
Due to its high accuracy in identifying Potential Reversal Zones (PRZ) and its alignment with Fibonacci ratios, the Dragon Harmonic Pattern is considered one of the most popular tools in technical analysis. Traders can use this pattern to pinpoint entry and exit points with greater confidence while minimizing trading risks.
Bullish :
Bearish :
🔵 How to Use
The Dragon Harmonic Pattern indicator helps traders identify bullish and bearish patterns in the market, allowing them to capitalize on available trading opportunities. By analyzing Fibonacci ratios and the XABCD structure, the indicator highlights Potential Reversal Zones (PRZ).
🟣 Bullish Dragon Pattern
In the Bullish Dragon Pattern, the price transitions from a downtrend to an uptrend after reaching point D. At this stage, points X, A, B, C, and D must be carefully identified.
Fibonacci ratios for these points are as follows: Point A should fall within 0.380 to 0.620 of the XA wave, point B within 0.200 to 0.400 of the AB wave, and point C within 0.800 to 1.100 of the XA wave.
When the price reaches point D, traders should look for bullish signals such as reversal candlesticks or increased trading volume to enter a buy position. The take-profit level can be set near the previous price high or based on the 1.272 Fibonacci ratio of the XA wave, while the stop-loss should be placed slightly below point D.
🟣 Bearish Dragon Pattern
In the Bearish Dragon Pattern, the price shifts from an uptrend to a downtrend after reaching point D. In this pattern, points X, A, B, C, and D must also be identified. Fibonacci ratios for these points are as follows: Point A should fall within 0.380 to 0.620 of the XA wave, point B within 0.200 to 0.400 of the AB wave, and point C within 0.800 to 1.100 of the XA wave.
Upon reaching point D, bearish signals such as reversal candlesticks or decreasing trading volume indicate the opportunity to enter a sell position. The take-profit level can be set near the previous price low or based on the 1.272 Fibonacci ratio of the XA wave, while the stop-loss should be placed slightly above point D.
By combining the Dragon Harmonic Pattern indicator with precise Fibonacci ratio analysis, traders can identify key opportunities while minimizing risks and improving their decision-making in both bullish and bearish market conditions.
🔵 Setting
🟣 Logical Setting
ZigZag Pivot Period : You can adjust the period so that the harmonic patterns are adjusted according to the pivot period you want. This factor is the most important parameter in pattern recognition.
Show Valid Forma t: If this parameter is on "On" mode, only patterns will be displayed that they have exact format and no noise can be seen in them. If "Off" is, the patterns displayed that maybe are noisy and do not exactly correspond to the original pattern.
Show Formation Last Pivot Confirm : if Turned on, you can see this ability of patterns when their last pivot is formed. If this feature is off, it will see the patterns as soon as they are formed. The advantage of this option being clear is less formation of fielded patterns, and it is accompanied by the latest pattern seeing and a sharp reduction in reward to risk.
Period of Formation Last Pivot : Using this parameter you can determine that the last pivot is based on Pivot period.
🟣 Genaral Setting
Show : Enter "On" to display the template and "Off" to not display the template.
Color : Enter the desired color to draw the pattern in this parameter.
LineWidth : You can enter the number 1 or numbers higher than one to adjust the thickness of the drawing lines. This number must be an integer and increases with increasing thickness.
LabelSize : You can adjust the size of the labels by using the "size.auto", "size.tiny", "size.smal", "size.normal", "size.large" or "size.huge" entries.
🟣 Alert Setting
Alert : On / Off
Message Frequency : This string parameter defines the announcement frequency. Choices include: "All" (activates the alert every time the function is called), "Once Per Bar" (activates the alert only on the first call within the bar), and "Once Per Bar Close" (the alert is activated only by a call at the last script execution of the real-time bar upon closing). The default setting is "Once per Bar".
Show Alert Time by Time Zone : The date, hour, and minute you receive in alert messages can be based on any time zone you choose. For example, if you want New York time, you should enter "UTC-4". This input is set to the time zone "UTC" by default.
🔵 Conclusion
The Dragon Harmonic Pattern is an advanced and practical technical analysis tool that aids traders in accurately predicting bullish and bearish trends by identifying Potential Reversal Zones (PRZ) and utilizing Fibonacci ratios. Built on the XABCD structure, this pattern stands out for its flexibility and precision in identifying price movements, making it a valuable resource among technical analysts. One of its key advantages is its compatibility with other technical tools such as trendlines, support and resistance levels, and Fibonacci retracements.
By using the Dragon Harmonic Pattern indicator, traders can accurately determine entry and exit points for their trades. The indicator analyzes key Fibonacci ratios—0.380 to 0.620, 0.200 to 0.400, and 0.800 to 1.100—to identify critical levels such as price highs and lows, offering precise trading strategies. In bullish scenarios, traders can profit from rising prices, while in bearish scenarios, they can capitalize on price declines.
In conclusion, the Dragon Harmonic Pattern is a highly reliable tool for identifying trading opportunities with exceptional accuracy. However, for optimal results, it is recommended to combine this pattern with other analytical tools and thoroughly assess market conditions. By utilizing this indicator, traders can reduce their trading risks while achieving higher profitability and confidence in their trading strategies.
MACD with Volume ProfileThis indicator should work in conjunction with the volume profile. Using the profile, we determine the buy zones and sell zones. Then, we input the buy/sell ranges into the indicator's settings and wait for signals.
Strength Measurement -HTStrength Measurement -HT
This indicator provides a comprehensive view of trend strength by calculating the average ADX (Average Directional Index) across multiple timeframes. It helps traders identify strong trends, potential reversals, and confirm signals from other indicators.
Key Features:
Multi-Timeframe Analysis: Analyze trend strength across different timeframes. Choose which timeframes to include in the calculation (5 min, 15 min, 30 min, 1 hour, 4 hour).
Customizable ADX Parameters: Adjust the ADX smoothing (adxlen) and DI length (dilen) parameters to fine-tune the indicator to your preferred settings.
Smoothed Average ADX: The average ADX is smoothed using a Simple Moving Average to reduce noise and provide a clearer picture of the overall trend.
Color-Coded Visualization: The histogram clearly indicates trend direction and strength:
Green: Uptrend
Red: Downtrend
Darker shades: Stronger trend
Lighter shades: Weaker trend
Reference Levels: Includes horizontal lines at 25, 50, and 75 to provide benchmarks for trend strength classification.
Alerts: Set alerts for strong trend up (ADX crossing above 50) and weakening trend (ADX crossing below 25).
How to Use:
Select Timeframes: Choose the timeframes you want to include in the average ADX calculation.
Adjust ADX Parameters: Fine-tune the adxlen and dilen values based on your trading style and the timeframe of the chart.
Identify Strong Trends: Look for histogram bars with darker green or red colors, indicating a strong trend.
Spot Potential Reversals: Watch for changes in histogram color and height, which may suggest a weakening trend or a potential reversal.
Combine with Other Indicators: Use this indicator with other technical analysis tools to confirm trading signals.
Note: This indicator is based on the ADX, which is a lagging indicator.
MACD Histogram Crossover SignalsThis script is being tested
This is a MACD histogram contraction for sell or buy.
When MACD crosses and makes a histogram above zero, that is a signal for buy, and the histogram below zero is a signal for sell.
CHAKRA RISS ENGULFING CANDLESTICK STRATEGYChakra RISS Engulfing Candlestick Strategy
Type: Technical Indicator & Strategy
Platform: TradingView
Script Version: Pine Script v6
Overview:
The Chakra RISS Engulfing Candlestick Strategy combines a momentum-based approach using the Relative Strength Index (RSI) with Engulfing Candlestick Patterns to generate buy and sell signals. The strategy filters trades based on price movement relative to a 50-period Simple Moving Average (SMA), making it a trend-following strategy.
The indicator uses color-coded bars to visually represent market conditions, helping traders easily identify bullish and bearish trends. The strategy is designed to be dynamic, adapting to changing market conditions and filtering out noise using key technical indicators.
How It Works:
RSI-Based Color Conditions:
Green Bars: When the RSI crosses above a specified UpLevel (default: 50), indicating a bullish momentum and signaling potential buy conditions.
Red Bars: When the RSI crosses below a specified DownLevel (default: 50), indicating a bearish momentum and signaling potential sell conditions.
Buy Signal:
Triggered when the following conditions are met:
RSI crosses from below the UpLevel (default: 50) to above it, signaling increasing bullish momentum.
The close price is above the 50-period Simple Moving Average (SMA), confirming an uptrend.
The Buy Signal is plotted below the bar with a green arrow and a "BUY" label.
Sell Signal:
Triggered when the following conditions are met:
RSI crosses from above the DownLevel (default: 50) to below it, signaling increasing bearish momentum.
The close price is below the 50-period Simple Moving Average (SMA), confirming a downtrend.
The Sell Signal is plotted above the bar with a red arrow and a "SELL" label.
Stop Loss and Take Profit:
For long trades (buy signals), the stop loss is placed below the previous bar's low, and the take profit is set at 3% above the entry price.
For short trades (sell signals), the stop loss is placed above the previous bar's high, and the take profit is set at 3% below the entry price.
Dynamic Bar Coloring:
The bar colors change dynamically based on RSI levels:
Green Bars: Indicating a potential uptrend (bullish).
Red Bars: Indicating a potential downtrend (bearish).
These visual cues help traders quickly identify market trends and potential reversals.
Trend Filtering:
The 50-period Simple Moving Average (SMA) is used to filter trades based on the overall market trend:
Buy signals are only considered when the price is above the moving average, indicating an uptrend.
Sell signals are only considered when the price is below the moving average, indicating a downtrend.
Alerting System:
Alerts can be set for both buy and sell signals. These alerts notify traders in real-time when potential trades are generated, allowing them to act promptly.
Alerts can be configured to send notifications through email, SMS, or a webhook for integration with other services like IFTTT or Zapier.
Key Features:
RSI and Moving Average-Based Signals: Combines RSI with a moving average for more accurate trade signals.
Stop Loss and Take Profit: Dynamic risk management with custom stop loss and take profit levels based on previous high and low prices.
Buy and Sell Alerts: Provides real-time alerts when a buy or sell signal is triggered.
Trend Confirmation: Uses the 50-period Simple Moving Average to filter signals and confirm the direction of the trend.
Visual Bar Color Changes: Makes it easy to identify bullish or bearish trends with color-coded bars.
Usage:
This strategy is suitable for traders who prefer a trend-following approach and want to combine momentum indicators (RSI) with price action (Engulfing Candlestick patterns). It is particularly useful in volatile markets where quick identification of trend changes can lead to profitable trades.
Best Used For: Day trading, swing trading, and trend-following strategies.
Timeframes: Works well on various timeframes, from 1-minute charts for scalping to daily charts for swing trading.
Markets: Can be applied to any market with sufficient liquidity (stocks, forex, crypto, etc.).
Settings:
UpLevel: The RSI level above which the market is considered bullish (default: 50).
DownLevel: The RSI level below which the market is considered bearish (default: 50).
SMA Length: The period of the Simple Moving Average used to filter trades (default: 50).
Risk Management: Customizable stop loss and take profit settings based on price action (default: 3% above/below the entry price).
Emergent Rays - NovaTheMachineEmergent Rays
An emergent ray is a refracted ray of light that exits a medium or channel. Emergent rays can be created when light passes through a prism, glass slab, or mirror
This visual indicator has been designed to aid in developing psychological understanding of price action. Many traders often struggle with developing strategy that they can act on, repeatedly. The difference between gambling and trading successfully comes down to following a plan, that you have tested and determined to be profitable over the long term.
Some traders experience anxiety when trading trends, trying to time a reversal, or entering a trade based on emotions and are unsure where they should place a stop - if they bother to place one at all.
I developed this indicator to help traders practice responsible trading practices and develop discipline. When applied to a chart an array of light rays will be plotted, similarly to those that are emitted from light passing through a medium such as a prism. These rays are a series of EMAs high & low values, filled with an assigned color.
The indicator does not suggest an entry or exit, it allows for freedom of user interpretation, however - when in a trending market you may notice that the rays are tested multiple times when the market is trending in the same direction. When trading trends it makes sense to enter at the discounted value (pullbacks) and exit on extensions. There are two main reasons for this; first is manage risk, second is to profit from a successful trade.
To practice discipline and remove emotions from trading, one must be willing to accept the outcome of a trade - regardless of whether it was profitable or not, based on their strategy.
The visual gradient of the rays signifies the pullback to stoploss risk. As price expands it is clear to see that the distance from red to blue rays increases, which means entering a trade on a touch of the red ray requires a larger stoploss than entering a pullback to the green or blue rays. When price closes on the opposite side of a ray from where it was trending - we accept the trend may have ended and must wait for the next trend cycle. If the price action is range bound we will notice the rays melting together to create a grey ray that signifies this is not the best place to be trading any type of trend following strategy.
Using this indicator in an uptrend (price expansion upwards), we look to enter long positions of retests (pullbacks) into the rays - with a stoploss set below the lowest rays; as we do not believe the uptrend is over until the trend has been broken.
Using this indicator in a downtrend (price expansion downwards), we look to enter short positions of retests (pullbacks) into the rays - with a stoploss set below the lowest rays; as we do not believe the uptrend is over until the trend has been broken.
When price is range bound or consolidating, we do not enter trades; wait for clear trend to be established.
By practicing discipline, we are able to overcome the emotions involved with trading, remove hesitation, and trade our plans more confidently through appropriate risk management and radical acceptance.
YOUFX.V2.ALL IN ONE"YOUFX ALL IN ONE V2 is a comprehensive indicator that provides advanced analytical tools. Specifically designed for forex traders and financial markets. Add the indicator and choose the settings that best suit your trading strategy.
(Note: This indicator is for educational purposes only and is not an investment recommendation.)"
Difference Between Candle Close and Fibonacci MA AVGIndicator calculates the first 17 Fibonacci moving averages and then finds the average. The difference between the close price and average Fibonacci MA and is then "scaled" by dividing the average Fibonacci MA.
Indicator shows the MA trend and can show possible support and resistance. Indicator shows an oscillation between an asset being overbought and oversold. Each asset has its own oscillation profile.
diff = (close - avgFibMA)/avgFibMA
