Customizable Vertical LinesCustomizable Vertical Lines (CVL) Indicator
Version 2.0 (November 2023)
Description:
The Customizable Vertical Lines (CVL) indicator is a powerful tool for traders who want to mark specific times on their charts with vertical lines. This indicator allows users to customize the appearance of these lines, including their color, line style, and width, providing a flexible and visually intuitive way to highlight key time points.
Key Features:
User-Friendly Inputs: Easily set up to five distinct times, each associated with a unique color for the vertical lines.
Color Customization: Choose from a wide range of colors for each vertical line, allowing for clear differentiation.
Line Style Options: Tailor the appearance of the lines with three selectable styles: solid, dotted, or dashed.
Adjustable Line Width: Modify the thickness of the lines to suit your preferred visual style.
Timezone Offset: Account for different time zones by adjusting the timezone offset parameter.
How to Use:
Simply input the desired times, colors, and other parameters in the script settings. The CVL indicator will then automatically plot vertical lines at the specified times on the chart with the chosen customization.
Timing
Consolidation Breakout [Indian Market Timing]OK let's get started ,
A Day Trading (Intraday) Consolidation Breakout Indication Strategy that explains time condition for Indian Markets .
The commission is also included in the strategy .
The basic idea is ,
1) Price crosses above upper band , indicated by a color change (green) is the Long condition .
2) Price crosses below lower band , indicated by a color change (red) is the Short condition .
3) ATR is used for trailing after entry
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// ————————> TIME CONDITION <————————— //
// ═══════════════════════════════//
The Indian Markets open at 9:15am and closes at 3:30pm.
The time_condition specifies the time at which Entries should happen .
"Close All" function closes all the trades at 2:57pm.
All open trades get closed at 2:57pm , because some brokers dont allow you to place fresh intraday orders after 3pm.
NSE:NIFTY1!
// ═══════════════════════════════════════════════ //
// ————————> BACKTEST RESULTS ( 114 CLOSED TRADES )<————————— //
// ═══════════════════════════════════════════════ //
LENGTH , MULT (factor) and ATR can be changed for better backtest results.
The strategy applied to NIFTY (3 min Time-Frame and contract size 5) gives us 60% profitability , as shown below
It was tested for a period a 8 months with a Profit Factor of 2.2 , avg Trade of 6000Rs profit and Sharpe Ratio : 0.67
The graph has a Linear Curve with consistent profits.
NSE:NIFTY1!
Save it favorites.
Apply it to your charts Now !!
Thank me later ;)
Fibonacci Timing PatternThe Fibonacci Timing Pattern is a price-based counter that seeks to determine short-term and medium-term reversals in price action. It is based on the following set of conditions:
* For a bullish Fibonacci timing signal: The market must shape 8 consecutive close prices where each close price is lower than the close prices from 3 and 5 periods ago.
* For a bearish Fibonacci timing signal: The market must shape 8 consecutive close prices where each close price is higher than the close prices from 3 and 5 periods ago.
The signals of the pattern are ideally used in a sideways market or used in tandem with the trend (bullish signals are taken in a bullish market and bearish signals are taken in a bearish market).
Phantom - My Session RangeThis is a modification of a script by RobMinty, "FXN - Asian Session Range" The script provides functionality to track specific trading sessions based on user preference rather than just the market sessions open and close. The idea is to help you hold yourself accountable to your specific trading times as well as backtest various marketing timings suitable to your schedule.
This script utilizes RobMinty's pine code to visualize your market session. We have adjusted the script to project the end of the session before the candles print - as well as adding/subtracting the horizontal and/or vertical lines around the current session box. This should help you understand how much time you have left in your session with a quick visual representation. While we have made some additions and adjustments to RobMinty's script- The inputs and functions of the combined script have not changed significantly from the originals. Like the originals, the code has been made open-source. If this script is reused or modified, please provide credit to RobMinty. If you plan to use this specific code with the ability to remove lines from the box and project session end forward, please credit both of us.
First day o month, year and weekendsThis is just a simple study to visualize and analyze seasonality based on months, weeks, and years.
ALT_FLAMES00.00 - alt-flames
component breakdown:
a) various combinations of EMA crossovers taken from the primeval_series to create a complete sequence of background colored-lines that subdivide into a bullish portion
and a bearish portion for directional identification
b) specific macd crossovers for predictive power in the form of directional flames located directly above the chart price (navy & yellow flames)
c) unique fast & slow rsi combinations for momentum + strength in the form of power flames located directly above the chart price (orange, red, green, & lime flames)
when the alternation of flames are used in concert with the sequence of background colors, one can identify impending explosive price action, can better navigate through periods of slower activity, identify where they are currently in the trend's lifecycle and, MOST IMPORTANTLY, improve the TIMELINESS of entry and exit strategies
00.01 - primeval_series - overview
the primeval_series is a group of transformed universally-renowned mathematical constants that have been transformed and embedded into a series of EMAs
each of these EMAs relates in some meaningful way to the "original wave' or 'wave_0': i.e. the wave that began at t=0, when humanity first made technological progress
the transformations made ensure that the inherent linkages to the original wave remain intact while being applicable to the structures inherent to indicator development
for the purposes of the alt-flames indicator, certain numbers selected from the primeval_series exist and are the basis of each ema , MACD and RSI calculation made herein
00.02 - alt-flames - best practices, and ideal targets
for best use: start with the daily timeframe for broad pattern, then use hourly going forward
ideal for swing trades, shorter-term options, and stocks that already have well-established uptrends, but have also started consolidating for 1+ week
patience is required to catch the ideal break, so best to use mildly OTM calls with at least 2 weeks on them before expiry.
for great use: pick out stocks that have recently broken out heavily from their pivot . Do not enter until the retracement from the top has a defined local low
for average use: any sort of intraday play. this tool is meant for swing trades and sustained breakouts. picking out significant bottom reversals.
the MACD portion is not geared for big reversals here. Rather, it is complementary to the EMA sequences, which are at the core of the indicator
not useful for: shorting stocks that are trending downward or that are in sideways trends
MF Custom Sessions (PST)Public Version - This is a session timing indicator for people in the PST time zone and represents each major session with a different color time block for intraday studies.
Blau Divergence RSISuggested useage: monthly index or asset class charts.
Traffic light colour system offers opinion on market risk.
Good for long term timing / hedging & allocation adjustment
with hat tip to William Blau !
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