Trend Filtering v1.0Trend Filtering v1.0: Multi-Layered Trend Detection and Analysis
The Trend Filtering v1.0 indicator combines powerful trend classification and filtering methods to assist traders in identifying potential market trends and reversals. Designed with versatility and customization in mind, it integrates multiple technical indicators to offer a comprehensive view of trend strength and direction, supporting traders in decision-making for entries, exits, and overall bias.
Key Features and Components
Ichimoku Cloud for Trend Direction
The Ichimoku Cloud identifies general trend direction and potential reversal zones by analyzing price position in relation to its components:
Tenkan-sen and Kijun-sen provide insight into short- and medium-term trend alignments.
Senkou Span A and Senkou Span B form a shaded cloud area on the chart, with the cloud’s color shifting dynamically (green for uptrend, red for downtrend), highlighting bullish and bearish market biases.
ATR-Based Trend Strength
The indicator uses the Average True Range (ATR) to measure trend strength. Higher ATR values reflect increased volatility, reinforcing the validity of the ongoing trend when other conditions align.
Bollinger Bands for Volatility Insights
Bollinger Bands (BB) outline market volatility by containing price action within their upper and lower bands. A breakout from the bands can signal a continuation of the trend or emergence of a new one.
RSI and MACD Confirmation
RSI (Relative Strength Index): Confirms trend momentum; values above 50 indicate an upward trend, while values below 50 suggest a downward trend.
MACD (Moving Average Convergence Divergence): Its histogram provides additional momentum confirmation, with positive values supporting uptrends and negative values supporting downtrends.
Trend Classification System
Scope of work:
Ichimoku determines overall trend bias, ATR measures trend volatility, and Bollinger Bands indicate potential breakouts. RSI and MACD then confirm momentum, with all components aligning to classify the market as either bullish, bearish, or neutral.
The indicator categorizes market conditions into three primary states, aiding traders in aligning their strategies with the prevailing trend:
Strong Uptrend: Identified by multiple bullish indicators:
Tenkan-sen above Kijun-sen.
Price above both Senkou Span A and Senkou Span B.
RSI above 50.
Positive MACD histogram.
Strong Downtrend: Characterized by bearish criteria:
Tenkan-sen below Kijun-sen.
Price below both Senkou Span A and Senkou Span B.
RSI below 50.
Negative MACD histogram.
Neutral (Ranging): When none of the above conditions are strongly met, suggesting that the market may be range-bound, requiring additional indicators or tools to confirm entry points.
Visualization and Usage
Background Color Coding:
The chart background color shifts based on the detected trend state, with green for strong uptrends, grey for neutral, and red for strong downtrends. This offers a quick visual reference for traders, indicating the market’s current bias.
Dynamic Ichimoku Cloud:
The cloud color reflects the relationship between Senkou Span A and B, shifting between green and red to signal bullish or bearish biases.
Additional Visuals for RSI and MACD:
Optional RSI and MACD plots are available, allowing traders to see confirmation signals at a glance without extra indicators.
How to Use Trend Filtering v1.0
This indicator is best suited for 4-hour timeframes, offering a higher-level trend view that can be used to inform lower timeframe strategies (e.g., 1-hour) by matching identified trends with price action.
Strong Uptrend: Favor long (buying) opportunities. Look for bullish price action confirmations, such as breakouts above resistance, on lower timeframes.
Strong Downtrend: Favor shorting (selling) opportunities, confirmed by bearish price action on lower timeframes, such as breakouts below support.
Neutral: Exercise caution, as trend direction is unclear. Look for additional indicators or price patterns for precise entries and exits.
Customization and Additional Considerations
The Trend Filtering v1.0 indicator offers customizable parameters, enabling adjustments for various markets and trading styles. Traders are encouraged to backtest and optimize settings for improved strategy alignment.
Price Action Confirmation: While Trend Filtering v1.0 provides a strong trend framework, confirmations via price action on lower timeframes are essential.
Risk Management: Due to potential false signals, especially in volatile or choppy conditions, using stop-losses and other risk management strategies is recommended.
Note: For clearer charts, it’s recommended to disable individual indicators (Ichimoku Cloud, Bollinger Bands, etc.) in the settings, leaving only the trend classification results visible. This approach emphasizes trend filtering outputs, simplifying analysis.
Disclaimer:
Trend Filtering v1.0 combines Ichimoku, ATR, Bollinger Bands, RSI, and MACD to offer a robust trend detection system, suitable for enhancing trading bias and having a more robust decision-making strategy.
Using this indicator alongside a disciplined approach, traders can gain insights into market direction and momentum to refine entries and exits. Remember, no single indicator guarantees success; it’s best used with sound risk management and additional analysis.
Trend Analysis
Sentient FLDThe Sentient FLD indicator expands upon the Future Line of Demarcation discovered by JM Hurst in the 1970's. The Future Line of Demarcation (FLD) is a line which is plotted on a time-based chart after performing a cycle analysis. It is plotted to extend beyond the right hand edge of the chart by half a cycle wavelength.
As price action unfolds, price interacts with the FLD line, either by crossing over the line, or by finding support or resistance at the line. Price interacts with the FLD in a reliable sequence of 8 interactions which are labelled using the letters A - H.
This sequence provides the trader with trading opportunities:
A and E category interactions involve price crossing over the FLD line, for a long trading opportunity.
D and F category interactions involve price crossing below the FLD line, for a short trading opportunity.
B and C category interactions occur where price finds support at the FLD, another long trading opportunity.
G and H category interactions occur where price finds resistance at the FLD, another short trading opportunity.
The Sentient FLD indicator plots three FLD lines, for three primary cycles on your time-based charts:
The Signal cycle, which is used to generate trading signals on the basis of the sequence of interactions between price and the FLD.
The Mid cycle, which is used for confirmation of the signals from the signal cycle FLD.
The Sequence cycle which is the cycle over which the entire A - H sequence of interactions plays out.
In addition to plotting the three FLD lines, the Sentient FLD indicator performs a cycle analysis and identifies the positions of the troughs of five cycles on your chart (Signal, Mid, Sequence cycles and two longer cycles for determining the underlying trend). The results of this analysis are plotted using Hurst's original Diamond notation, by which the troughs of the cycles are marked on your chart using diamonds.
The Sentient FLD also identifies the interactions between price and each one of the three FLDs plotted on your chart, and those interactions are labelled so that you can keep track of the unfolding A - H sequence.
Because the Sentient FLD is able to identify the sequence of interactions, it is also able to identify the next expected interaction between price and the FLD. This enables you to anticipate levels of support or resistance, or acceleration levels where price would be expected to cross through the FLD.
When price crosses an FLD, a target for the price move is generated. When price reaches that target it is an indication that the cycle influencing price to move up or down has completed that action and is about to turn around.
The benefits of using the Sentient FLD on your charts are:
The cycle analysis shown with diamonds marking the troughs of the cycles enables you to anticipate the timing of market turns (troughs and peaks in the price), because of the fact that cycles, by definition, repeat with some regularity.
The results of the cycle analysis are also displayed on your chart in a table, and enable you to understand at a glance what the current mode of each cycle is, whether bullish, bearish or neutral.
The identification of the sequence of interactions between price and the FLD enables you to anticipate the next interaction, and thereby expect support or resistance at the levels of the FLD lines, which provide dynamic levels of S&R only visible to the FLD trader.
When the next expected interaction between price and the FLD is an acceleration point (price is expected to cross over the FLD), that level can be used as a signal for entry into a trade.
Similarly when the next expected interaction between price and the FLD is either support or resistance, that level can be used as a signal for entry into a trade when price reacts as expected, finding support or resistance.
The targets that are generated as a result of price crossing the FLD represent cycle exhaustion levels and times, and can be used as take profit exits, or as levels after which stops should be tightened.
The indicator calculates targets for longer timeframes, and displays them on your chart providing useful context for the influence of longer cycles without needing to change timeframe.
The Sentient FLD indicator works on all time-based charts from 10 seconds up to monthly. Cycle analysis and the FLD approach both work on all actively traded instruments, including forex, stocks, indices, commodities, metals and crypto.
Full use and application of the indicator is explained in detail in a video tutorial course comprising 35+ videos over 8 hours of instruction.
We also have a friendly support team available to answer your questions and help in your application of the indicator.
The Strat Patterns Indicator v1.0The Strat Patterns Indicator is a tool that draws Strat patterns in real-time, highlights Strat scenarios, key levels, and helps traders effectively apply the Strat trading strategy.
It combines features such as pattern recognition, timeframe continuity analysis, target level highlighting, and custom alerts to simplify trading decisions and maximize profit potential.
Display All Strat Patterns
The Strat Patterns Indicator shows all Strat patterns directly on your chart, making it easier to spot trading opportunities in real-time. You can choose to show or hide specific patterns based on your preferences. The patterns include:
2-2 Continuation
2-2 Reversal
3-2-2 Reversal
2-1-2 Continuation
2-1-2 Reversal
1-2-2 Reversal
3-1-2 Continuation
1-3 Reversal
3-1-2 Reversal
Highlight Major Candlestick Patterns
The indicator highlights important candlestick formations that are crucial for forecasting the major trend reversals in the market. These candlestick patterns include:
Hammer
Shooting Star
Doji
Gravestone Doji
Dragonfly Doji
Morning Doji Star
Evening Doji Star
By showcasing these patterns, the indicator helps traders quickly identify possible reversals or continuations, providing an extra layer of confirmation for trading decisions.
Timeframe Continuity Table
This indicator includes a customizable table that displays timeframe continuity, allowing you to align your trades with the overall market trend. You can select up to four higher timeframes to monitor, helping you ensure that your trades follow the broader trend direction.
This feature makes it easy to identify whether the market trend is aligned across multiple timeframes, enhancing your ability to make high-probability trades.
Show Target Levels (Previous Highs/Lows)
The indicator highlights target levels based on previous highs or lows, making it easier to set realistic profit targets and manage trades effectively.
By identifying these key levels, you can better gauge potential price movements and plan your trades with greater precision, ensuring that you maximize profit opportunities while minimizing risk.
Highlight Higher Timeframe Target Levels
This feature allows you to display target levels from a higher timeframe while trading on a lower timeframe.
For example, if you are trading on a 4-hour chart, you can choose to show daily target levels, including high/low levels and Fibonacci golden ratios. This helps you identify more significant profit targets and enhances your ability to capture larger moves while staying aligned with the overall trend.
Breakout Confirmation
The indicator provides an option to display the previous candlestick's high or low value, helping you confirm breakouts in Strat patterns. This feature is useful for validating whether a true breakout has occurred, giving you greater confidence in your trade entries and helping you avoid potential false breakouts.
Alerts for Strat Patterns
With this feature, you can set up alerts that trigger whenever a Strat pattern forms. This ensures you never miss a trading opportunity, keeping you informed and ready to act when key patterns emerge. The alerts provide real-time notifications, allowing you to stay on top of market movements without constantly monitoring your charts.
PRADEEP ANAND DISABLEDThis Is The Disabled Version Of Luxalgo Nadaraya Watson Envelop, means no Repainting.
Sultan_Pro HL مؤشر بسيط عند تجاوز المتوسط يعطي اشارة بيع او شراء ، ويفضل العمل به بالفريمات الصغيرة ، 1m .2m
FxCanli RangeFxCanli Range is an indicator based on ICT Internal Range and External Range concept.
What is ICT Internal Range Liquidity?
The Fair Value Gap is marked as the ICT internal range liquidity.
ICT Fair Value Gap is marked as the liquidity because it is a formation of three candles leaving an area between high and low of 1st and 3rd candle where price do not overlap.
FxCanli Range Indicator draws all Internal Ranges above explaining the ICT internal range liquidity.
What is Imbalance (FVG)?
Fair Value Gaps are price jumps caused by imbalanced buying and selling pressures.
A bullish Fair Value Gap is created when there is a gap between the high of the first candle and the low of the third candle.
A bearish Fair Value Gap is created when there is a gap between the low of the first candle and the high of the third candle.
What is ICT External Range Liquidity?
The swing high and swing low of an ICT dealing range are termed as external range.
The high of an ICT dealing range is termed as “buy side liquidity” assuming the buy stops rest above the high of dealing range.
While the low of an ICT dealing range is known as “sell side liquidity” assuming the sell stops resting below the low of dealing range.
FxCanli Range Indicator draws all External Ranges above explaining the ICT external range liquidity
🔶 USAGE & EXAMPLES
As ICT said us, Price moves 2 side, Internal Liquidity or External Liquidity
External Range Liquidity to Internal Range Liquidity
When price reached to External Range, it will sweep the External Range Liquidity
at that time, we have to wait price to reverse and start to move to Internal range liquidity (FVG)
our strategy has to be like this; we have to open 2 time less lower time frame
if we are at 1 hour chart, we have to open 1Hour - 15 min - 5 min chart
and wait for Trend Reversal pattern at there
Internal Range Liquidity to External Range Liquidity
When price reached to Internal Range(FVG), it will fill the imbalance
at that time, we have to wait price to reverse and start to move to External Range Liquidity.
Again we have to decrease our time frame 2 times.
if we are at 1 hour chart, we have to open 1Hour -> 15 min -> 5 min chart
and wait for Trend Reversal pattern at there
🔶 SETTINGS
With the settings;
▪️ Fractal Properties;
it will show fractals or not, you will decide the period of fractals, Style, Color and also Size of the fractal
▪️ Trend Line Properties;
it will show trend or not, you will decide the color of the trend, line style, and line width.
▪️ External Range Properties;
it will show external range or not, Color of the level, line style, line witdh, show text of the external range, what will it write at the text, place/size/color of the text, show time frame, show price,
▪️ Internal Range Properties;
it will show internal range or not, Color of the level, line style, line witdh, show text of the external range, what will it write at the text, place/size/color of the text, show time frame, show price,
▪️ Alert Conditions
you will set alerts at this part
Alert or not, liquidity(External Range) alerts, FVG(Internal Range) alerts, FVG filled alert
Part 1
Part 2
Wish you great trades...
FxCanli CostaFxCanli Costa indicator draws all of the following with FxCanli Costa strategy
▪️ Market Structure
▪️ Up Trend with Green Lines
▪️ Down Trend with Red Lines
▪️ Imbalance(FVG)
▪️ Limit order Level
▪️ Entry Level
▪️ Stop Loss Level
▪️ Take Profit Level
******* Lets first understand about the FxCanli COSTA Strategy *******
Think that, we wait price to reverse from any level -
I call it PRZ (Potential Reversal Zone)
it can reverse in 2 type
Type 1 - it will reverse with 2 wave
Type 2 - it will reverse with 1 wave
⚫ What is PRZ (Potential Reversal Zone)?
Depends on your technical analysis, it can be any Harmonic Pattern level
or it can be Order block at Price action concept.
⚫ What is Imbalance (FVG)?
Fair Value Gaps are price jumps caused by imbalanced buying and selling pressures.
A bullish Fair Value Gap is created when there is a gap between the high of the first candle and the low of the third candle.
A bearish Fair Value Gap is created when there is a gap between the low of the first candle and the high of the third candle.
⚫ FxCanli Costa Strategy is starting now
At my trades, I always wait trend reversal ( Type1 or Type 2 , That I mention above)
for buy trades, I enter the trade below the break out candles
for sell trades, I enter the trade above the break out candles
⚫ Where to put stop loss and take profit?
Stop loss is always above/below swing High/Low
and take profit has to be at least 1/1 Risk/Reward ratio
******* What is FxCanli COSTA Indicator? *******
FxCanli Costa draws all these, depends on FxCanli Costa Strategy
🔴 Market Structure
▪️ Up Trend with Green Lines
▪️ Down Trend with Red Lines
🔴 Trade Levels
FxCanli Costa Indicator first draws Buy Limit level or Sell limit level on the chart
and when Price Reaced to that level it will show Entry / Stop Loss / Take Profit levels
it puts stop loss above/below swing High/Low
and it put Take profit depends on Risk/Reward ratio from inputs.
🔴 FILTERING
FxCanli Costa Indicator's input has got some filtering parts
With these filtering you will not enter all trades
For Example Fibonacci Filtering
it will only give entry signal of impulse's 0.618 and more fibonacci level
🔵 Others Filter are;
RSI Filtering - It will give entry signal, if only RSI is at Overbought or Oversold
EMA Filtering - It will give entry signal with the same direction of Exponential Moving Average
Imbalance Filtering - It will give entry signal, if there is FVG - Imbalance at the entry level
Thanks alot, wish you great trades
Institutional Order Finder (IOF) - Hidden Order Block LiteInstitutional Order Finder (IOF) - Hidden Order Blocks
Institutional Order Finder (IOF) Indicator: Detecting Breaker Blocks and Hidden Order Blocks (HOBs)
The Institutional Order Finder (IOF) Lite is designed to assist traders in identifying breaker blocks, also known as hidden order blocks (HOBs). The indicator helps identify untouched bodies within order blocks and offers comprehensive analysis of fair value gaps (FVGs) and order blocks based on engulfing candles. The method for detecting engulfing patterns is customizable (available in the Pro version).
Features of the Institutional Order Finder (IOF) Lite Indicator
The indicator detects breaker blocks and distinguishes between complete HOBs and partial HOBs (PHOBs). An HOB is created when the body of a candle, to the left of an engulfing candle, ideally fits through the fair value gaps without being touched by wicks. The indicator differentiates between:
HOB (Hidden Order Block): The body completely fits through the FVGs and is untouched by wicks, making it a strong and reliable breaker block.
PHOB (Partial Hidden Order Block): The body does not fully fit, but at least the equilibrium (50% level of the body left of the engulfing candle) is covered by the FVGs.
The minimum requirement for a “good” HOB is for the equilibrium to be crossed by the FVGs. This method provides a focused and high-quality view of the market structure.
Visualization and Market Structure Analysis
The Institutional Order Finder (IOF) displays order blocks as lines, with the equilibrium being a critical analysis point. Once the equilibrium is reached, the order block is considered invalid. In addition to HOBs and PHOBs, the indicator also displays fair value gaps, as well as invalidated order blocks (OBs) and breaker blocks (BBs). Understanding these invalidations is essential for interpreting market behavior and potential turning points. The line representation offers a cleaner view, making it easier to combine multiple timeframes and spot clusters.
Multi-Timeframe Analysis (MTF)
The Lite version allows analysis of up to three different timeframes, helping traders observe the relevance and strength of order blocks across different time periods. For each selected timeframe, not only confirmed order blocks are shown, but also “potential order blocks (OBs) and breaker blocks (BBs).” These blocks are currently forming and are not yet confirmed. Potential OBs and BBs can provide crucial insights into the current market structure, especially for traders who seek early signals.
Lite Version and Limitations
The Lite version of the Institutional Order Finder (IOF) indicator has certain limitations. It can display only up to three timeframes, offers fewer customization options, and focuses on basic analysis tools. Nonetheless, the Lite version is a powerful tool for gaining initial insights into the functionality of the MT Breaker Block indicator and improving understanding of market structure.
Why Use the Institutional Order Finder (IOF) Indicator?
The Lite indicator offers a precise way to analyze and visualize order blocks and breaker blocks. By focusing on identifying untouched bodies and the equilibrium, the indicator provides a unique perspective on market structure, often missing from traditional order block indicators. With its ability to conduct multi-timeframe analysis and identify potential order blocks in real time, the IOF Lite indicator offers a detailed understanding of potential price movements.
Special thanks to Moneytaur for inspiring the creation of this indicator.
Settings Overview
GENERAL SETTINGS
Historical order blocks: Enables the display of historical order blocks on the chart.
Order blocks: Activates the detection and display of order blocks (OB).
Show high quality breaker blocks: Displays only high-quality breaker blocks (BB) that meet strict criteria. The lines for high-quality BBs are twice as thick as regular lines.
ENGULFING
Please choose Engulfing engine: Choose the type of engulfing pattern used to detect order blocks (e.g., “Engulfing Strict” for stricter criteria).
MTF SETTINGS
Default timeframe: Sets the default timeframe for order block analysis when the multi-timeframe (MTF) mode is turned off.
Show MTF order blocks: Enables the display of order blocks from multiple timeframes.
Timeframe 1, Timeframe 2, Timeframe 3: Specify the individual timeframes for MTF analysis.
Activate Timeframe 1, Activate Timeframe 2, Activate Timeframe 3: Control which MTF timeframes are actively used in the analysis.
ORDER BLOCK SETTINGS
Order Block Filter Strategy: Choose a filtering strategy to display only the most relevant OBs.
Extend order blocks to the right: Extends order blocks to the right until they are invalidated.
Show timeframe as label: Displays the timeframe of the order block as a label on the chart.
Bearish OB, Bullish OB, Breaker Block, Old Order Blocks, Old BB-Blocks (and possible): Choose colors for different types of order blocks and breaker blocks for easier visual distinction.
Label text color: Sets the color of the text within labels.
Label background color: Defines the background color of the labels.
Line width: Specifies the thickness of the lines that represent order blocks.
Please choose style of lines / current timeframe, Please choose style of lines / alternative timeframe: Choose the style of lines (e.g., solid or dotted) for the current and alternative timeframes.
Timeframe label offset in bars from actual bar: Determines the offset of labels relative to the candles, improving visibility.
FAIR VALUE GAPS
Show Fair Value Gaps: Activates the detection and display of fair value gaps (FVG), highlighting potential liquidity gaps.
FILTER SETTINGS
Number of Previous Candles (Candle Pattern Strength): Specifies the number of previous candles to analyze to determine the strength of the candle pattern.
Candle Size Multiplier (Candle Pattern Strength): Sets a multiplier for the candle size within the pattern to emphasize stronger patterns.
RSI Period (RSI): Defines the period for the RSI indicator, used to analyze overbought/oversold conditions.
Overbought Level (RSI), Oversold Level (RSI): Sets the RSI threshold values to identify potential trend reversal points.
Minimum Volume (Volume): Specifies the minimum volume that must be reached to validate order blocks and breaker blocks.
This guide provides a comprehensive breakdown of the Institutional Order Finder (IOF) Lite Indicator settings, allowing you to customize and maximize the indicator’s functionality for optimal trading insights.
COIN/ETH RatioThis TradingView indicator calculates and visualizes the ratio between Coinbase's stock price (COIN) and Ethereum's price (ETH) to help traders compare Coinbase's performance relative to Ethereum over time. This can be useful for those interested in understanding correlations or relative strength between a traditional crypto exchange stock and a major cryptocurrency.
Brono MacroThis indicator, developed by someone (satz) helps identify macro market trends and potential reversal points by aligning with Institutional Order Flow. It provides visual markers for key timeframes and allows traders to better time entries and exits based on larger market movements. Perfect for traders using ICT (Inner Circle Trader) concepts, it highlights critical time periods on the chart, enabling a strategic approach to trading major market trends.
[TT] Delta Based Support & Resistance Before Getting to the Indicator Concept, You need to understand What delta is.
For simple yet accurate understanding lets say the difference between Buyers and sellers is called delta. In a given time frame like 15mins for example, if we have 100 buyers and 75 sellers, delta will be 25, positive number indicates the buyers are dominating that particular candle. The volume of this candle will be 175, where delta indicates who dominated by just showing 25. We are literally following the volume, or in simple words the directional volume.
Now we all know that market is moved by Buyers and sellers and not by price alone. In that case why are we depending on indicators that are moved by close price which can be manipulated in real time. There is only one element in the market that cannot be manipulated and that is volume. We are using that Delta to determine our Direction and trend.
Note : Please wait for the candle to close and Level to form and only then enter on a retest of the level.
Usage of this Indicator.
in the following pictures one can see this indicator on NSE:BANKNIFTY And NSE:NIFTY , India's most Liquidity IDX and accuracy of our indicator.
Once the Buyers dominate the market after consolidation a support is formed and when sellers dominate a resistance is formed.
NSE:NIFTY 5Mins
Nifty50 1Hr
NSE:BANKNIFTY 1Hr
BANKNIFTY 5Min
BANKNIFTY 5Min
One can Use this in any Entity with volume like Commodities and Forex but do understand that forex have different exchange and different brokers and volume so be ware while working with such. following are the Forex and BTC and Gold
BITSTAMP:BTCUSD 1Hr
FXOPEN:XAUUSD 1Hr
4Hrs
This will help You get confirmation for Many other strategies. Always remember one thing, don't search for the trade let the trade come to you. Trade only when you see a perfect confirmation.
TRADE ENTRY
Enter in a trade when the price gets back in to the level Look at the following Chart in any timeframe.
For any Explanation you can contact me in Tradingview.
Note: CVD Calculation taken from Tradingview
Cloud [BRTLab]🔍 Overview
BRTLab Cloud is a powerful indicator designed to provide traders with a precise view of market trends and potential reversal points by combining an adapted Cloud similar to Ichimoku with custom mathematical logic. This indicator not only highlights trend direction and support/resistance zones but also integrates a Trend Reversal Signal (based on BRTLab Wave Hunter logic) to identify possible turning points, as well as a custom RSI to help spot entry opportunities within the cloud. It’s an effective tool for assessing both current trends and potential reversal points, while factoring in market uncertainty.
🔑 Key Features & Parameters
The BRTLab Cloud indicator operates similarly to the Ichimoku Cloud, but with an adapted trend-detection logic to provide more accurate signals. The primary methodology of the script is to determine the market trend using the Cloud, and then identify potential entry points based on signals derived from reversal points, overbought and oversold conditions using a custom RSI oscillator.
To enhance the versatility of the indicator, several filtering components are integrated, allowing users to tailor the signals to their specific trading styles:
Uncertainty Zones: The script features a unique uncertainty filter, which is visually represented by bars colored in orange on the chart. These zones highlight periods when the trend direction indicated by the Cloud might be changing, alerting the user to potential risks and advising caution before entering trades.
Cloud Width Filtering: A cloud width filter helps eliminate signals during weak trends, ensuring that only well-formed trends are considered for trading, which reduces the likelihood of acting on unreliable signals.
Trend Reversal Signal: The Trend Reversal Signal serves as a predictor for potential trend changes. It provides a signal marked with the symbol "↺" on the chart, indicating that a trend change is likely, and that the Cloud may soon shift direction. After this signal appears, continuing to trade with the current trend may be risky due to the potential reversal.
Key adjustable parameters include:
Cloud Timeframe: This setting allows the user to choose the timeframe for displaying the Cloud, either on the current timeframe or higher timeframes. Higher timeframes provide more stable and reliable trend directions, making this setting essential for adapting the indicator to different strategies.
Minimum Cloud Width (%): This parameter sets the minimum cloud width in percentage to filter out weak signals. By excluding signals on narrow clouds, the trader ensures that only significant trends are considered.
Signal Sensitivity: This adjusts the strength of the buy and sell signals generated by the custom RSI oscillator. A higher sensitivity value leads to stronger signals, which are ideal for traders seeking more decisive entry points.
Uncertainty Sensitivity: This setting helps define the "zone of uncertainty" on the chart, signaling potential reversals or areas where the trend may shift. A lower value makes the indicator more sensitive to uncertainty, potentially reducing the number of entries in risky conditions and filtering out unreliable signals.
Potential Take-Profit: This optional feature allows the user to display potential exit points based on the indicator's trend analysis. It provides an additional layer of guidance for setting targets and managing exits.
Among these settings, Cloud Timeframe, Signal Sensitivity, and Uncertainty Sensitivity offer the most flexibility, allowing users to adjust the script to match their preferred trading style:
The parameters Cloud Timeframe, Signal Sensitivity, and Uncertainty Sensitivity offer flexibility, with Cloud Timeframe providing stable trend direction from higher timeframes and Signal Sensitivity adjusting entry signal strength. The Uncertainty Sensitivity parameter filters high-risk areas, reducing potential entries by identifying trend ambiguity on the chart.
⚙️ Signals & Logic
The BRTLab Cloud indicator generates buy and sell signals based on a combination of cloud settings, custom RSI values, and uncertainty filters. The signal logic is designed to identify clear and reliable entry points, ensuring the trader can act with confidence. Here's how the signals work:
Long Signals (Buy): When the cloud is colored blue (indicating an uptrend), the custom RSI indicates a potential reversal within the cloud, and the uncertainty filter does not signal a risk zone, the indicator generates a buy signal. Additionally, the cloud width must meet the minimum percentage set in the "Minimum Cloud Width (%)" setting, which helps to exclude weak signals from narrow clouds, ensuring only strong trends are considered.
Short Signals (Sell): When the cloud is colored red (indicating a downtrend), the custom RSI signals a potential reversal inside the cloud, and the uncertainty filter does not indicate a risk zone, the indicator generates a sell signal. Similarly, the cloud width must match the minimum setting in "Minimum Cloud Width (%)", which filters out weak signals from narrow clouds.
Uncertainty Filter: The uncertainty filter plays a key role in ensuring that signals are reliable. If the uncertainty filter detects a risk zone (highlighted by orange-colored bars on the chart), the signal is considered less reliable, and traders are advised to be cautious. This feature significantly reduces the chances of acting on false signals.
Visualization: When a buy or sell signal is triggered, the indicator provides clear visual cues such as arrows or symbols on the chart to help the trader easily identify the signal. These visual cues are accompanied by the respective cloud color (blue for uptrend, red for downtrend), making it easy for traders to interpret the market direction at a glance.
🌟 Why it's Unique
The BRTLab Cloud indicator is based on a cloud system similar to the Ichimoku Cloud, but with several unique enhancements that significantly improve trend analysis and reversal detection:
Combination of Ichimoku Cloud and Trend Reversal Detection: The indicator incorporates a modified mathematical logic for more accurate detection of trend reversal points. This enhanced logic makes it more effective at spotting reversals compared to traditional methods. Additionally, the indicator provides a clear display of trends from higher timeframes without repainting, allowing traders to rely on more stable and reliable trend data, which is particularly useful for multi-timeframe analysis.
Unique Cloud Width Filtering: The "Minimum Cloud Width (%)" setting ensures that only strong trends trigger buy or sell signals, filtering out weak signals from narrow clouds. A wider cloud indicates a more established and reliable trend, providing further confidence in the trade direction.
Custom RSI Signal Sensitivity: The custom RSI has been optimized for more accurate entry and exit points across different trend phases. The "Signal Sensitivity" setting allows traders to adjust the indicator based on current market conditions, making it adaptable to both volatile and stable market environments. This helps to identify trend reversals with greater precision.
Enhanced Visualization: The indicator offers flexible visualization options, including gradient cloud styles and extremum zones, which aid in confirming key levels. These features enhance the trader’s ability to interpret market conditions and make informed decisions about entry and exit points.
🔶 Application of the Indicator
Example Usage:
Trading with BRTLab Cloud involves taking trend signals within the cloud. Long and short signals occur when the price reaches significant levels in the cloud, filtered by "Signal Sensitivity," "Uncertainty Sensitivity," and "Minimum Cloud Width (%)" settings. These features allow traders to determine optimal entry and exit points by signaling potential reversals while factoring in market uncertainty.
✅ Conclusion
BRTLab Cloud is a versatile and advanced tool for trend and reversal analysis, blending Ichimoku-style cloud methodology, Trend Reversal Signals (based on BRTLab Wave Hunter logic), and a custom RSI to deliver accurate entry and exit points. This indicator suits both short- and long-term trading strategies, providing precise signals that help minimize risk, particularly in uncertain market conditions.
⚠️ Risk Disclaimer
Trading involves significant risk, and most day traders experience losses. All content, tools, scripts, articles, and educational materials provided by BRTLab are solely for informational and educational purposes. Past performance does not guarantee future results.
Pivot Points (Standard, Woodie, Camarilla, Fibonacci)Pivot Points is a technical indicator that is used to determine the levels at which price may face support or resistance. The Pivot Points indicator consists of a pivot point (PP) level and several support (S) and resistance (R) levels.
Calculation
PP, resistance and support values are calculated in different ways, depending on the type of the indicator, specified by the Type field in indicator inputs. To calculate PP and support/resistance levels, the values OPENcurr, OPENprev, HIGHprev, LOWprev, CLOSEprev are used, which are the values of the current open and previous open, high, low and close, respectively, on the indicator resolution. The indicator resolution is set by the input of the Pivots Timeframe. If the Pivots Timeframe is set to AUTO (the default value), then the increased resolution is determined by the following algorithm:
for intraday resolutions up to and including 15 min, DAY (1D) is used
for intraday resolutions more than 15 min, WEEK (1W) is used
for daily resolutions MONTH is used (1M)
for weekly and monthly resolutions, 12-MONTH (12M) is used
Simplest Strategy Crossover with Labels Buy/Sell to $1000This Pine Script code, titled Custom Moving Average Crossover with Labels, is a trading indicator developed for the TradingView platform. It enables traders to visualize potential buy and sell signals based on the crossover of two moving averages, offering customizable settings for enhanced flexibility. Here’s a breakdown of its key features:
Key Features
User-Defined Moving Averages:
The script includes two moving averages: a fast and a slow one. Users can adjust the periods of each average (default values are 10 for the fast MA and 100 for the slow MA), allowing them to adapt the indicator to various market conditions and trading styles.
Time-Restricted Signal Validity:
The indicator includes settings for active trading hours, defined in UTC time. Users specify a start and end hour, making it possible to limit buy and sell signals to certain times of the day. This is especially useful for traders who wish to avoid signals outside their preferred trading hours or during periods of high volatility.
Crossover-Based Buy and Sell Signals:
Buy Signal: A "Buy" label is triggered and displayed when the fast moving average crosses above the slow moving average within the user-defined trading hours, signifying a potential upward trend.
Sell Signal: A "Sell" label is generated when the fast moving average crosses below the slow moving average, indicating a possible downtrend. Labels are displayed on the chart, color-coded for easy identification: green for buys and red for sells.
Profit Target Labels (+100 Points):
After each buy or sell entry, the indicator tracks price movements. When the price increases by 100 points from a buy entry or decreases by 100 points from a sell entry, a +100 label appears to signify a 100-point movement.
These labels serve as checkpoints to help traders assess performance and decide on further actions, such as taking profits or adjusting stop losses.
Visual Customization:
The moving averages are color-coded (blue for fast MA, red for slow MA) for easy distinction, and label text appears in white to enhance visibility against various chart backgrounds.
Benefits for Traders
Efficient Trade Identification: The moving average crossover combined with time-based restrictions allows traders to capture key market trends within chosen hours.
Clear Profit Checkpoints: The +100 point label alerts traders to significant price movement, useful for those looking for set profit targets.
Flexibility: Customizable inputs give users control over the indicator’s behavior, making it suitable for both day trading and swing trading.
This indicator is designed for traders looking to enhance their technical analysis with reliable, user-defined buy/sell signals, helping to increase confidence and improve trade timing based on objective data.
Updated Volume SuperTrend AI (Expo)// This work is licensed under a Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0) creativecommons.org
// © Zeiierman
//@version=5
indicator("Volume SuperTrend AI (Expo)", overlay=true)
// ~~ ToolTips {
t1="Number of nearest neighbors in KNN algorithm (k): Increase to consider more neighbors, providing a more balanced view but possibly smoothing out local patterns. Decrease for fewer neighbors to make the algorithm more responsive to recent changes. Number of data points to consider (n): Increase for more historical data, providing a broader context but possibly diluting recent trends. Decrease for less historical data to focus more on recent behavior."
t2="Length of weighted moving average for price (KNN_PriceLen): Higher values create a smoother price line, influencing the KNN algorithm to be more stable but less sensitive to short-term price movements. Lower values enhance responsiveness in KNN predictions to recent price changes but may lead to more noise. Length of weighted moving average for SuperTrend (KNN_STLen): Higher values lead to a smoother SuperTrend line, affecting the KNN algorithm to emphasize long-term trends. Lower values make KNN predictions more sensitive to recent SuperTrend changes but may result in more volatility."
t3="Length of the SuperTrend (len): Increase for a smoother trend line, ideal for identifying long-term trends but possibly ignoring short-term fluctuations. Decrease for more responsiveness to recent changes but risk of more false signals. Multiplier for ATR in SuperTrend calculation (factor): Increase for wider bands, capturing larger price movements but possibly missing subtle changes. Decrease for narrower bands, more sensitive to small shifts but risk of more noise."
t4="Type of moving average for SuperTrend calculation (maSrc): Choose based on desired characteristics. SMA is simple and clear, EMA emphasizes recent prices, WMA gives more weight to recent data, RMA is less sensitive to recent changes, and VWMA considers volume."
t5="Color for bullish trend (upCol): Select to visually identify upward trends. Color for bearish trend (dnCol): Select to visually identify downward trends. Color for neutral trend (neCol): Select to visually identify neutral trends."
//~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~}
// ~~ Input settings for K and N values
k = input.int(3, title = "Neighbors", minval=1, maxval=100,inline="AI", group="AI Settings")
n_ = input.int(10, title ="Data", minval=1, maxval=100,inline="AI", group="AI Settings", tooltip=t1)
n = math.max(k,n_)
//~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~}
// ~~ Input settings for prediction values
KNN_PriceLen = input.int(20, title="Price Trend", minval=2, maxval=500, step=10,inline="AITrend", group="AI Trend")
KNN_STLen = input.int(100, title="Prediction Trend", minval=2, maxval=500, step=10, inline="AITrend", group="AI Trend", tooltip=t2)
aisignals = input.bool(true,title="AI Trend Signals",inline="signal", group="AI Trend")
Bullish_col = input.color(color.lime,"",inline="signal", group="AI Trend")
Bearish_col = input.color(color.red,"",inline="signal", group="AI Trend")
//~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~}
// ~~ Define SuperTrend parameters
len = input.int(10, "Length", minval=1,inline="SuperTrend", group="Super Trend Settings")
factor = input.float(3.0,step=.1,inline="SuperTrend", group="Super Trend Settings", tooltip=t3)
maSrc = input.string("WMA","Moving Average Source", ,inline="", group="Super Trend Settings", tooltip=t4)
upCol = input.color(color.lime,"Bullish Color",inline="col", group="Super Trend Coloring")
dnCol = input.color(color.red,"Bearish Color",inline="col", group="Super Trend Coloring")
neCol = input.color(color.blue,"Neutral Color",inline="col", group="Super Trend Coloring", tooltip=t5)
//~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~}
// ~~ Calculate the SuperTrend based on the user's choice
vwma = switch maSrc
"SMA" => ta.sma(close*volume, len) / ta.sma(volume, len)
"EMA" => ta.ema(close*volume, len) / ta.ema(volume, len)
"WMA" => ta.wma(close*volume, len) / ta.wma(volume, len)
"RMA" => ta.rma(close*volume, len) / ta.rma(volume, len)
"VWMA" => ta.vwma(close*volume, len) / ta.vwma(volume, len)
atr = ta.atr(len)
upperBand = vwma + factor * atr
lowerBand = vwma - factor * atr
prevLowerBand = nz(lowerBand )
prevUpperBand = nz(upperBand )
lowerBand := lowerBand > prevLowerBand or close < prevLowerBand ? lowerBand : prevLowerBand
upperBand := upperBand < prevUpperBand or close > prevUpperBand ? upperBand : prevUpperBand
int direction = na
float superTrend = na
prevSuperTrend = superTrend
if na(atr )
direction := 1
else if prevSuperTrend == prevUpperBand
direction := close > upperBand ? -1 : 1
else
direction := close < lowerBand ? 1 : -1
superTrend := direction == -1 ? lowerBand : upperBand
//~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~}
// ~~ Collect data points and their corresponding labels
price = ta.wma(close,KNN_PriceLen)
sT = ta.wma(superTrend,KNN_STLen)
data = array.new_float(n)
labels = array.new_int(n)
for i = 0 to n - 1
data.set(i, superTrend )
label_i = price > sT ? 1 : 0
labels.set(i, label_i)
//~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~}
// ~~ Define a function to compute distance between two data points
distance(x1, x2) =>
math.abs(x1 - x2)
//~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~}
// ~~ Define the weighted k-nearest neighbors (KNN) function
knn_weighted(data, labels, k, x) =>
n1 = data.size()
distances = array.new_float(n1)
indices = array.new_int(n1)
// Compute distances from the current point to all other points
for i = 0 to n1 - 1
x_i = data.get(i)
dist = distance(x, x_i)
distances.set(i, dist)
indices.set(i, i)
// Sort distances and corresponding indices in ascending order
// Bubble sort method
for i = 0 to n1 - 2
for j = 0 to n1 - i - 2
if distances.get(j) > distances.get(j + 1)
tempDist = distances.get(j)
distances.set(j, distances.get(j + 1))
distances.set(j + 1, tempDist)
tempIndex = indices.get(j)
indices.set(j, indices.get(j + 1))
indices.set(j + 1, tempIndex)
// Compute weighted sum of labels of the k nearest neighbors
weighted_sum = 0.
total_weight = 0.
for i = 0 to k - 1
index = indices.get(i)
label_i = labels.get(index)
weight_i = 1 / (distances.get(i) + 1e-6)
weighted_sum += weight_i * label_i
total_weight += weight_i
weighted_sum / total_weight
//~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~}
// ~~ Classify the current data point
current_superTrend = superTrend
label_ = knn_weighted(data, labels, k, current_superTrend)
//~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~}
// ~~ Plot
col = label_ == 1?upCol:label_ == 0?dnCol:neCol
plot(current_superTrend, color=col, title="Volume Super Trend AI")
upTrend = plot(superTrend==lowerBand?current_superTrend:na, title="Up Volume Super Trend AI", color=col, style=plot.style_linebr)
Middle = plot((open + close) / 2, display=display.none, editable=false)
downTrend = plot(superTrend==upperBand?current_superTrend:na, title="Down Volume Super Trend AI", color=col, style=plot.style_linebr)
fill_col = color.new(col,90)
fill(Middle, upTrend, fill_col, fillgaps=false,title="Up Volume Super Trend AI")
fill(Middle, downTrend, fill_col, fillgaps=false, title="Down Volume Super Trend AI")
//~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~}
// ~~ Ai Super Trend Signals
Start_TrendUp = col==upCol and (col !=upCol or col ==neCol) and aisignals
Start_TrendDn = col==dnCol and (col !=dnCol or col ==neCol) and aisignals
// ~~ Add buy and sell signals
plotshape(Start_TrendUp, title="Buy Signal", location=location.belowbar, color=Bullish_col, style=shape.labelup, text="BUY")
plotshape(Start_TrendDn, title="Sell Signal", location=location.abovebar, color=Bearish_col, style=shape.labeldown, text="SELL")
Universal Trend and Valuation System [QuantAlgo]Universal Trend and Valuation System 📊🧬
The Universal Trend and Valuation System by QuantAlgo is an advanced indicator designed to assess asset valuation and trends across various timeframes and asset classes. This system integrates multiple advanced statistical indicators and techniques with Z-score calculations to help traders and investors identify overbought/sell and oversold/buy signals. By evaluating valuation and trend strength together, this tool empowers users to make data-driven decisions, whether they aim to follow trends, accumulate long-term positions, or identify turning points in mean-reverting markets.
💫 Conceptual Foundation and Innovation
The Universal Trend and Valuation System by QuantAlgo provides a unique framework for assessing market valuation and trend dynamics through a blend of Z-score analysis and trend-following algorithm. Unlike traditional indicators that only reflect price direction, this system incorporates multi-layered data to reveal the relative value of an asset, helping users determine whether it’s overvalued, undervalued, or approaching a trend reversal. By combining high quality trend-following tools, such as Dynamic Score Supertrend, DEMA RSI, and EWMA, it evaluates trend stability and momentum quality, while Z-scores of performance ratios like Sharpe, Sortino, and Omega standardize deviations from historical trends, enabling traders and investors to spot extreme conditions. This dual approach allows users to better identify accumulation (undervaluation) and distribution (overvaluation) phases, enhancing strategies like Dollar Cost Averaging (DCA) and overall timing for entries and exits.
📊 Technical Composition and Calculation
The Universal Trend-Following Valuation System is composed of several trend-following and valuation indicators that create a dynamic dual scoring model:
Risk-Adjusted Ratios (Sharpe, Sortino, Omega): These ratios assess trend quality by analyzing an asset’s risk-adjusted performance. Sharpe and Sortino provide insight into trend consistency and risk/reward, while Omega evaluates profitability potential, helping traders and investors assess how favorable a trend or an asset is relative to its associated risk.
Dynamic Z-Scores: Z-scores are applied to various metrics like Price, RSI, and RoC, helping to identify statistical deviations from the mean, which indicate potential extremes in valuation. By combining these Z-scores, the system produces a cumulative score that highlights when an asset may be overbought or oversold.
Aggregated Trend-Following Indicators: The model consolidates multiple high quality indicators to highlight probable trend shifts. This helps confirm the direction and strength of market moves, allowing users to spot reversals or entry points with greater clarity.
📈 Key Indicators and Features
The Universal Trend and Valuation System combines various technical and statistical tools to deliver a well-rounded analysis of market trends and valuation:
The indicator utilizes trend-following indicators like RSI with DEMA smoothing and Dynamic Score Supertrend to minimize market noise, providing clearer and more stable trend signals. Sharpe, Sortino, and Omega ratios are calculated to assess risk-adjusted performance and volatility, adding a layer of analysis for evaluating trend quality. Z-scores are applied to these ratios, as well as Price and Rate of Change (RoC), to detect deviations from historical trends, highlighting extreme valuation levels.
The system also incorporates multi-layered visualization with gradient color coding to signal valuation states across different market conditions. These adaptive visual cues, combined with threshold-based alerts for overbought and oversold zones, help traders and investors track probable trend reversals or continuations and identify accumulation or distribution zones, adding reliability to both trend-following and mean-reversion strategies.
⚡️ Practical Applications and Examples
✅ Add the Indicator: Add the Universal Trend-Following Valuation System to your favourites and to your chart.
👀 Monitor Trend Shifts and Valuation Levels: Watch the average Z score, trend probability state and gradient colors to identify overbought and oversold conditions. During undervaluation, consider using a DCA strategy to gradually accumulate positions (buy), while overvaluation may signal distribution or profit-taking phases (sell).
🔔 Set Alerts: Configure alerts for significant trend or valuation changes, ensuring you can act on market movements promptly, even when you’re not actively monitoring the charts.
🌟 Summary and Usage Tips
The Universal Trend and Valuation System by QuantAlgo is a highly adaptable tool, designed to support both trend-following and valuation analysis across different market environments. By combining valuation metrics with high quality trend-following indicators, it helps traders and investors identify the relative value of an asset based on historical norms, providing more reliable overbought/sell and oversold/buy signals. The tool’s flexibility across asset types and timeframes makes it ideal for both short-term trading and long-term investment strategies like DCA, allowing users to capture meaningful trends while minimizing noise.
The Forexation: Super Trend SignalsOverview:
The Forexation: Super Trend Signals (STS) indicator was crafted to enhance visualization of market trends by integrating multiple technical analysis tools and adding logic to them so they color bullish, bearish, counter trends, and cautious trends. By combining standard and higher-timeframe Supertrends with dynamic EMAs and VWAP, STS offers a multi-dimensional view of market dynamics. This synergy allows traders to:
Assess Trend Strength and Alignment
Identify Momentum Shifts and Reversals
Gauge Market Sentiment through Volume-Weighted Pricing
Filter Out Market Noise for Clearer Signals
Key Features and Synergy:
1. Dual Supertrend Analysis:
Standard Supertrend:
Utilizes the Average True Range (ATR) and a multiplier factor to detect immediate market trends.
Customizable ATR Length and Factor to adjust sensitivity to market volatility.
Used as a guide to help follow the trend and identify where if price breaks through we can be reversing trend or entering a counter/cautious trend.
Higher Time Frame (HTF) Supertrend:
Integrates Supertrend data from a higher timeframe for a broader market perspective.
Smoothing applied via an EMA to reduce lag and false signals.
**Synergistic Effect:
Trend Alignment: By analyzing both standard and HTF Supertrends, STS identifies when short-term trends align with long-term trends, increasing the reliability of trend signals.
Dynamic Adjustments: Traders can adjust parameters to fine-tune the balance between responsiveness and stability.
2. Customized EMAs with Contextual Color-Coding:
Fast and Slow EMAs:
Customizable periods to match different trading strategies and timeframes.
EMAs are used to identify momentum shifts and potential reversals through crossovers.
Dynamic Color-Coding:
EMA lines change color based on their relationship with each other, the Supertrends, and VWAP.
Visual Interpretation:
Bullish Alignment: Fast EMA above Slow EMA, both above Supertrend and VWAP, signals strong upward momentum.
Bearish Alignment: Fast EMA below Slow EMA, both below Supertrend and VWAP, signals strong downward momentum.
Caution Zones: Misalignment or crossovers indicate potential reversals or consolidation.
**Synergistic Effect:
Momentum Confirmation: EMA crossovers are validated against Supertrend directions, reducing false signals.
Support and Resistance Zones: The area between EMAs acts as dynamic support/resistance, visualized through an optional fill.
3. VWAP Integration for Volume-Weighted Insights:
VWAP Analysis:
Calculates the average price weighted by volume, providing insights into institutional trading levels and market sentiment.
**Synergistic Effect:
Trend Validation: Confirms trend strength by analyzing whether price and EMAs are above or below VWAP.
Counter-Trend Detection: Identifies potential pullbacks or reversals when price interacts with VWAP against the prevailing trend of the standard and higher time frame SuperTrend.
4. Composite Signal Generation:
Color-Coded Market Conditions:
Bullish Signals (Green): Strong upward trends with alignment across standard + HTF Supertrend, EMAs, and price above VWAP.
Bearish Signals (Red): Strong downward trends with inverse alignment.
Caution State (Orange): Potential market reversals or uncertainty when indicators are misaligned. (Example: price above VWAP but under HTF SuperTrend)
Counter-Trend Conditions (Yellow): Signals possible pullbacks or consolidations when price or EMAs cross VWAP. (Example: Price is above VWAP & HTF SuperTrend but the EMAs and Standard SuperTrend are in a down trend)
**Synergistic Effect:
Enhanced Signal Accuracy: By requiring multiple confirmations across different indicators and timeframes, STS filters out noise and increases the probability of trends in the market.
Timely Alerts: Alerts are generated when critical conditions are met, keeping traders informed of significant market movements.
Underlying Concepts and Calculations:
Supertrend Algorithm:
Calculation:
Supertrend is calculated using ATR to set a dynamic trailing stop that follows price movements.
The indicator switches between bullish and bearish modes when price crosses the Supertrend line.
Customization:
ATR Length and Factor can be adjusted to make the Supertrend more or less sensitive to price changes.
In STS: Both standard and HTF Supertrends are used, with the HTF providing longer-term trend context.
Exponential Moving Averages (EMAs):
Calculation:
EMAs apply more weight to recent prices, making them more responsive than Simple Moving Averages (SMAs).
Crossovers between Fast and Slow EMAs signal potential momentum shifts.
Customization:
Periods for Fast and Slow EMAs are user-defined to suit different trading styles.
In STS: EMA behavior is analyzed in conjunction with Supertrend and VWAP to validate signals.
Volume Weighted Average Price (VWAP):
Calculation:
VWAP accumulates total dollars traded (price times volume) divided by total volume over a specific period.
Reflects the average price at which the instrument has traded throughout the day based on both price and volume.
**In STS:
VWAP serves as a dynamic support/resistance level.
Interaction with VWAP can indicate shifts in market sentiment, especially when combined with other indicators.
Justifying the Value of STS:
Holistic Market Analysis:
STS doesn't just merge indicators; it creates a cohesive system where each component validates and enhances the others.
This integrated approach offers a more reliable analysis than using individual indicators in isolation.
Customizable and Adaptive:
Traders have control over key parameters, allowing STS to be tailored to different markets and trading styles.
The ability to adjust sensitivity helps in adapting to varying market conditions.
Enhanced Decision-Making:
By providing clear visual cues and alerts, STS aids in quick interpretation of complex market data.
The indicator helps in identifying high-probability trend opportunities and managing risk effectively with trailing SuperTrend guidance.
Unique Signal Filtering:
The combination of multiple confirmations reduces the likelihood of false trend signals.
The use of higher timeframe data and volume-weighted analysis adds depth to trend assessment.
How to Use STS Effectively:
1. Configuring Settings:
Supertrend Settings:
Adjust ATR Length and Factor to set the desired sensitivity.
Select the Higher Time Frame for the HTF Supertrend to align with your trading horizon.
Set the Smoothing Period for the EMA applied to the HTF Supertrend.
EMA Settings:
Define periods for Fast and Slow EMAs based on your strategy.
Ensure the Fast EMA period is shorter than the Slow EMA for effective crossovers.
Color and Display Settings:
Customize colors for different market conditions to enhance visual clarity.
Choose whether to display the HTF Supertrend, EMA lines, EMA fill, and VWAP.
2. Interpreting Signals:
Bullish Scenario:
Supertrends indicate an uptrend.
Fast EMA crosses above Slow EMA, both trending upwards.
Price and EMAs are above VWAP.
Action: Consider long positions, using the standard Supertrend as a trailing stop.
Bearish Scenario:
Supertrends indicate a downtrend.
Fast EMA crosses below Slow EMA, both trending downwards.
Price and EMAs are below VWAP.
Action: Consider short positions. using the standard Supertrend as a trailing stop
Caution and Counter-Trend Signals:
Misalignment between indicators or color changes to orange/yellow.
Action: Exercise caution, tighten stops, or wait for clearer signals.
4. Setting Up Alerts:
Access the Alerts menu.
Configure alerts for:
Supertrend Direction Changes
EMA Crossovers
Price Crossing VWAP
Set alert actions and ensure they trigger on confirmed data by selecting "Once Per Bar Close."
Example Trading Strategies:
Trend Following:
Use STS to identify strong trends where all indicators are aligned.
Enter positions in the direction of the trend.
Use Supertrend lines as dynamic stop-loss levels.
Pullback Entries:
Wait for price to pull back to the EMA fill area or VWAP in a prevailing trend.
Look for bounce signals off these levels when supported by Supertrend direction.
Counter-Trend Opportunities:
Identify potential reversals when caution or counter-trend signals appear.
Confirm with additional analysis or indicators before taking positions against the main trend.
Disclaimer:
This indicator is intended to aid in technical analysis and should be used as part of a comprehensive trading strategy. It does not guarantee profits and carries the risk of loss. Trading financial instruments involves significant risk; please consult with a qualified financial advisor before making any investment decisions. Past performance is not indicative of future results.
Final Notes:
The Forexation: Super Trend Signals (STS) indicator represents a thoughtfully engineered tool that brings together multiple technical elements to provide a more nuanced understanding of market behavior. By leveraging the strengths of Supertrend, EMAs, and VWAP in unison, STS aims to enhance trading precision and confidence in the trends the market creates but also guide risk management levels for managing a trade and stop loss areas.
We are committed to continuous improvement and value user feedback. Please share your experiences and suggestions to help us refine the indicator further.
Happy Trading!
New Rate - PROIndicator Description: New Rate - PRO
The New Rate - PRO is an advanced trading indicator designed to assist traders in identifying significant price levels and potential reversal points within a specified time frame. By highlighting key highs and lows, projecting trendlines, and providing visual cues, this indicator enhances your ability to make informed trading decisions. It offers extensive customization options, ensuring adaptability to various trading styles and market conditions.
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Key Features:
Customizable Color Themes: Choose between Dark and Light color styles to match your chart preferences.
High and Low Line Detection: Automatically identifies and draws lines for significant high and low price levels within the defined analysis period.
Midline Projection: Optionally displays a midline representing the 50% range between the detected high and low, aiding in trend analysis.
Candle Coloring: Colors the first six candles within the analysis range with a specific color, while the remaining candles are displayed in a subdued gray for clarity.
Trading Session Highlight: Highlights the designated trading hours on the chart, providing a clear visual reference for active trading periods.
Touch Detection Arrows: Plots arrows on the chart when the price touches the detected high or low levels, indicating potential trading opportunities.
Extensive Customization Options: Allows users to adjust line colors, styles, widths, label texts, and more to suit individual trading preferences.
Timeframe and Range Configuration: Defines the specific timeframe and time range for analysis, ensuring precise detection of significant price levels.
How Does the Indicator Work?
Color Style Selection:
- Choose between "Dark" or "Light" themes to match your chart setup, adjusting the color palette for optimal visibility.
High and Low Line Detection:
- The indicator analyzes the first six candles within the specified time range to identify the highest and lowest price levels.
- Once detected, it draws horizontal lines extending 25 candles to the right, marking these significant levels on the chart.
Midline Projection:
- If enabled, the indicator calculates the midpoint between the detected high and low.
- It then draws a horizontal line at this midpoint, providing an additional reference for potential support or resistance.
Candle Coloring:
- The first six candles within the analysis period are colored based on user selection (default: yellow).
- Subsequent candles are displayed in a semi-transparent gray, allowing the key candles to stand out.
Trading Session Highlight:
- Highlights the active trading hours on the chart using a semi-transparent orange background.
- This visual aid helps traders focus on periods of increased market activity.
Touch Detection Arrows:
- When the price touches the previously detected high or low levels, the indicator plots an upward green arrow or a downward red arrow, respectively.
- These arrows signal potential entry points for buy or sell trades.
Customization of Labels and Lines:
- Users can customize the colors, styles (Solid, Dotted, Dashed), and widths of the high, low, and midline.
- Label texts and font sizes are also adjustable to enhance readability.
How to Use the Indicator?
Setup Color Themes:
- Select your preferred color theme ("Dark" or "Light") to ensure the indicator aligns with your chart's appearance.
Configure High and Low Lines:
- Adjust the line color, style, and width to clearly distinguish high and low levels on the chart.
- Enable or disable the midline based on your analysis needs.
Set Timeframe and Analysis Range:
- Define the chart's timeframe in minutes (e.g., 5 minutes) to tailor the indicator's sensitivity.
- Specify the start and end hours and minutes for the analysis period to focus on specific trading sessions.
Customize Candle Colors:
- Choose the color for the first six candles within the analysis range.
- The remaining candles will automatically be displayed in a default gray color.
Enable Trading Session Highlight:
- Activate the background highlight for the trading session to visually separate active trading hours from inactive periods.
Monitor Touch Detection Arrows:
- Watch for green upward arrows indicating potential buy signals when the price touches the high level.
- Look for red downward arrows signaling potential sell opportunities when the price reaches the low level.
Adjust Labels and Visual Elements:
- Modify label texts and font sizes to ensure clarity and avoid clutter on the chart.
- Fine-tune line styles and colors for better visual differentiation.
Plan Your Trades:
- Use the detected high and low levels as reference points for setting entry, stop-loss, and take-profit levels.
- Combine with other technical analysis tools to confirm trade signals and enhance decision-making.
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What Makes This Indicator Original?
Dynamic High and Low Detection: Automatically identifies significant price levels within a defined time range, providing timely insights into market movements.
Midline Projection Feature: Offers an additional reference point by calculating and displaying the midpoint between high and low levels, aiding in trend analysis.
Customizable Visual Elements: Extensive customization options for colors, styles, and labels allow traders to tailor the indicator to their specific preferences and trading environments.
Touch Detection Arrows: Provides clear visual signals when the price interacts with key levels, facilitating quick decision-making for trade entries.
Trading Session Highlight: Enhances focus by visually distinguishing active trading periods, helping traders concentrate on high-probability trading times.
Trade Summary Visualization: (If applicable based on code) Offers a summary of recent trades, allowing traders to assess performance directly on the chart.
Additional Considerations
Testing and Optimization: Before deploying the indicator in live trading, test it on historical data and a demo account to fine-tune settings according to your trading strategy.
Complementary Analysis: Use the indicator alongside other technical analysis tools such as moving averages, trendlines, and oscillators to confirm trade signals.
Risk Management: Always set appropriate stop-loss and take-profit levels to manage risk effectively, regardless of the indicator's signals.
Stay Informed: Keep abreast of market news and economic events that may influence price movements and affect the indicator's performance.
Adjust for Different Assets: Customize the indicator's settings based on the asset's volatility and trading behavior to enhance accuracy and reliability.
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Example Configuration
To help you get started, here is an example configuration:
Color Style: Dark
Line Color (High and Low): Red
Line Style (High and Low): Dotted
Line Width (High and Low): 2
Midline Color (50%): Blue
Show Midline: Yes
Label Text Color: Gray
Label Font Size: Medium
Candle Color (First 6 Candles): Yellow
Default Candle Color (Remaining Candles): Semi-transparent Gray
Timeframe Minutes: 5
Analysis Start Time: 08:35
Analysis End Time: 09:05
These settings are optimized for a 5-minute XAUUSD chart during the 8:35 to 09:05 trading session, highlighting key price levels and providing clear visual signals for potential trades.
Conclusion
The New Rate - PRO indicator is tool that combines dynamic price level detection with extensive customization and real-time visual cues. By automatically identifying significant highs and lows, projecting trendlines, and signaling potential trade opportunities, it enhances your ability to navigate the markets effectively. Its adaptability through customizable settings ensures that it can be tailored to various trading styles and market conditions, making it a valuable addition to any trader's toolkit.
Market Structure Algo V2 [OmegaTools]The Market Structure Algo V2 (MS Algo V2) is an advanced TradingView indicator developed by OmegaTools to provide traders with a comprehensive analysis of market structure. This tool refines the insights provided by its predecessor, combining enhanced pivot point analysis, dynamic market structure scoring, and zone visualization to deliver an intuitive view of potential market movements. Through custom settings, the MS Algo V2 allows users to tailor the indicator to fit their trading strategies more closely, offering enhanced adaptability to both short-term and long-term trends.
Core Functionality
The MS Algo V2 differentiates between internal and external market structures by analyzing pivot highs and lows over user-defined periods. The internal market structure focuses on shorter timeframes, providing insights into recent price action, while the external structure considers broader trends. This dual-layered approach helps traders distinguish between immediate and overarching market trends.
The indicator introduces improved visualization for areas of interest or zones around pivot points, adjustable through zone distance settings. These zones serve as potential support and resistance areas, helping traders anticipate price reactions at key levels. In addition to the zones, the indicator now provides gradient-based color coding on bars, reflecting the market structure’s bullish or bearish intensity. This visual enhancement aids in quickly interpreting the current trend's strength.
Dynamic signal generation has been refined in MS Algo V2. The indicator now offers both classic signals and breakout signals based on the market structure, including entries, exits, and change-of-character (CHoCH) alerts. Signals are generated based on price interactions with pivot levels, indicating potential long and short opportunities.
Operational Mechanism
The MS Algo V2 calculates pivot highs and lows over specified periods to define internal and external market structures. A market structure score is derived from these pivot points, classifying the market into bullish or bearish extremes. Signals are generated as the closing price interacts with these levels, marking entry and exit points based on the calculated structure.
A new feature in this version is zone visualization, where zones are plotted around a dynamic moving average derived from the exponential and simple moving averages (EMA and SMA). The zones are adjusted based on ATR (Average True Range) and the specified zone distance percentile, providing a clear visual representation of potential support and resistance regions. The external and internal zones are represented with different levels of transparency for quick reference.
Usage Guidelines
To apply the MS Algo V2 to your TradingView charts, adjust the internal and external market structure settings to match your preferred analysis timeframes. The line style and width of each structure can also be customized for a tailored view. The Zone Distance setting allows users to define the percentile range of the zones around the moving average, providing further flexibility in identifying potential areas of support and resistance.
For a color-coded overview of market sentiment, the bar gradient feature can be enabled. This option uses a gradient that reflects the bullish or bearish intensity of the market structure, giving traders a visual cue on the market’s overall trend. Color-coded signals and zone fill areas further assist in interpreting the current market structure and identifying potential trade areas.
The indicator includes customizable alerts for long and short signals, as well as specific breakout alerts (BOS) and change-of-character (CHoCH) signals. These alerts can help traders stay informed about significant market structure changes, supporting timely trading decisions.
Understanding the Indicator’s Originality
The MS Algo V2 stands out due to its robust integration of pivot analysis, zone visualization, and market structure scoring, offering a unique perspective on market dynamics. With features like color-coded signals, bar gradients, and configurable alerts, MS Algo V2 provides an edge in understanding both the current market environment and potential turning points. This indicator’s ability to represent the market’s structure visually makes it a powerful addition to any trader’s toolkit, especially for those seeking a deeper, multi-layered approach to market analysis.
Enhanced Pressure MTF ScreenerEnhanced Pressure Multi-Timeframe (MTF) Screener Indicator
Overview
The Enhanced Pressure MTF Screener is an add-on that extends the capabilities of the Enhanced Buy/Sell Pressure, Volume, and Trend Bar Analysis . It provides a clear and consolidated view of buy/sell pressure across multiple timeframes. This indicator allows traders to determine when different timeframes are synchronized in the same trend direction, which is particularly useful for making high-confidence trading decisions.
Image below: is the Enhanced Buy/Sell Pressure, Volume, and Trend Bar Analysis with the Enhanced Pressure MTF Screener indicator both active together.
Key Features
1.Multi-Timeframe Analysis
The indicator screens various predefined timeframes (from 1 week down to 10 minutes).
It offers a table view that shows buy or sell ratings for each timeframe, making it easy to see which timeframes are aligned.
Traders can choose which timeframes to include based on their trading strategies (e.g., higher timeframes for position trading, lower timeframes for scalping).
2.Pressure and Trend Calculation
Uses Buy and Sell Pressure calculations from the Enhanced Buy/Sell Pressure indicator to determine whether buying or selling is dominant in each timeframe.
By analyzing pressures on multiple timeframes, the indicator gives a comprehensive perspective of the current market sentiment.
The indicator calculates whether a move is strong based on user-defined thresholds, which are displayed in the form of additional signals.
3.Heikin Ashi Option
The Heikin Ashi candle type can be toggled on or off. Using Heikin Ashi helps smooth out market noise and provides a clearer indication of trend direction.
This is particularly helpful for traders who want to filter out market noise and focus on the primary trend.
4.Table Customization
Table Positioning: The table showing timeframe data can be positioned at different locations on the chart—top, middle, or bottom.
Text and Alignment: The alignment and text size of the table can be customized for better visual clarity.
Color Settings: Users can choose specific colors to indicate buying and selling pressure across timeframes, making it easy to interpret.
5.Strong Movement Indicators
The screener provides an additional visual cue (🔥) for timeframes where the movement is deemed strong, based on a user-defined threshold.
This helps highlight timeframes where significant buying or selling pressure is present, which could signal potential trading opportunities.
How the Screener Works
1.Pressure Calculation
For each selected timeframe, the indicator retrieves the Open, High, Low, and Close (OHLC) values.
It calculates buy pressure (the range between high and low when the closing price is higher than the opening) and sell pressure (the range between high and low when the closing price is equal to or lower than the opening).
The screener computes the pressure ratio, which represents the difference between buying and selling pressure, to determine which side is dominant.
2.Trend Rating and Signal Generation
Based on the calculated pressure, the screener determines a trend rating for each timeframe: "Buy," "Sell," or "Neutral." (▲ ,▼ or •)
Additionally, it generates a signal (▲ or ▼) to indicate the current trend direction and whether the move is strong (based on the user-defined threshold).
If the movement is strong, a fire icon (🔥) is added to indicate that there is significant pressure on that timeframe, signaling a higher confidence in the trend.
3.Customizable Strong Move Thresholds
Strong Move Threshold: The screener uses this value to decide whether a trend is significantly strong. A higher value makes it more selective in determining strong moves.
Strong Movement Threshold: Helps determine when an additional strong signal should be displayed, offering further insight into the strength of market movement.
Inputs and Customization
The Enhanced Pressure MTF Screener is highly customizable to fit the needs of individual traders:
General Settings:
Use Heikin Ashi: Toggle this setting to use Heikin Ashi for a smoother trend representation.
Strong Move Threshold: Defines how strong a move should be to be considered significant.
Strong Movement Threshold: Specifies the level of pressure required to highlight a move with the fire icon.
Table Settings:
Position: Choose the vertical position of the screener table (top, middle, or bottom of the chart).
Alignment: Align the table (left, center, or right) to best suit your chart layout.
Text Size: Adjust the text size in the table for better readability.
Table Color Settings:
Users can set different colors to represent buying and selling signals for better visual clarity, particularly when scanning multiple timeframes.
Timeframe Settings:
The screener provides options to include up to ten different timeframes. Traders can select and customize each timeframe to match their strategy.
Examples of available timeframes include 1 Week, 1 Day, 12 Hours, down to 10 Minutes, allowing for both broad and detailed analysis.
Practical Use Case
Identifying Trend Alignment Across Timeframes:
Imagine you are about to take a long trade but want to make sure that the trend direction is aligned across multiple timeframes.
The screener displays "Buy" ratings across the 4H, 1H, 30M, and 10M timeframes, while higher timeframes (like 1W and 1D) also show "Buy" with strong signals (🔥). This indicates that buying pressure is strong across the board, adding confidence to your trade.
Spotting Reversal Opportunities:
If a downtrend is evident across most timeframes but suddenly a higher timeframe, such as 12H, changes to "Buy" while showing a strong move (🔥), this could indicate a potential reversal.
The screener allows you to spot these discrepancies and consider taking early action.
Benefits for Traders
1.Synchronization Across Timeframes:
One of the main strengths of this screener is its ability to show synchronized buy/sell signals across different timeframes. This makes it easy to confirm the strength and consistency of a trend.
For example, if you see that all the selected timeframes display "Buy," this implies that both short-term and long-term traders are favoring the upside, giving additional confidence to go long.
2.Quick and Visual Trend Overview:
The table offers an at-a-glance summary, reducing the time required to manually inspect each timeframe.
This makes it particularly useful for traders who want to make quick decisions, such as day traders or scalpers.
3.Strong Move Indicator:
The use of fire icons (🔥) provides an easy way to identify significant movements. This is particularly helpful for traders looking for breakouts or strong market conditions that could lead to high probability trades.
To put it short or to summarize
The Enhanced Pressure MTF Screener is a powerful add-on for traders looking to understand how buy and sell pressure aligns across multiple timeframes. It offers:
A clear summary of buying or selling pressure across different timeframes.
Heikin Ashi smoothing, providing an option to reduce market noise.
Strong movement signals to highlight significant trading opportunities.
Customizable settings to fit any trading strategy or style.
The screener and the main indicator are best used together, as the screener provides the multi-timeframe overview, while the main indicator provides an in-depth look at each individual bar and trend.
I hope my indicator helps with your trading, if you guys have any ideas or questions there is the comment section :D
Enhanced Buy/Sell Pressure, Volume, and Trend Bar analysisEnhanced Buy/Sell Pressure, Volume, and Trend Bar Analysis Indicator
Overview
This indicator is designed to help traders identify buy and sell pressure, volume changes, and overall trend direction in the market. It combines multiple concepts like price action, volume, and trend analysis, candlestick anaysis to provide a comprehensive view of market dynamics. The visual elements are intuitive, making it suitable for traders at different levels. This indicator works together with Enhanced Pressure MTF Screener which is a screener based of this indicator to make it easier to see Bullish/Bearish pressures and trend across multiple timeframes.
Image below: is the Enhanced Buy/Sell Pressure, Volume, and Trend Bar Analysis with the Enhanced Pressure MTF Screener indicator both active together.
Key Features
1.Buy/Sell Pressure Identification
Buy Pressure: Calculated based on price movement where the close price is higher than the opening price.
Sell Pressure: Calculated when the closing price is equal to or lower than the opening price.These pressures help you understand whether buyers or sellers are more dominant for each bar.
2.Volume Analysis
Normalized Volume: Volume data is normalized, making it easier to compare volume levels over different periods.
Volume Histogram: The volume is also presented as a histogram for easy visualization, showing whether the current volume is higher or lower compared to the average.
3.Simplified Coloring Option
You can choose to simplify the coloring of bars to reflect the dominant pressure: green for bullish pressure and red for bearish pressure. This makes it visually easier to identify who is in control. When simplified coloring is disabled, the bars' colors will represent the combined effect of buy and sell pressure.
4.Heikin-Ashi Candles for Pressure Calculation
The indicator includes an option to use Heikin-Ashi candles instead of traditional candles to calculate buy and sell pressure. Heikin-Ashi candles are known for smoothing out price action and providing a clearer trend representation.
5.Trend Background Coloring
This feature uses exponential moving averages (EMAs) to determine the trend:
Short-Term EMA vs. Long-Term EMA: When the short-term EMA is above the long-term EMA, the trend is considered bullish, and vice versa.
The background color changes based on the identified trend: green for an uptrend and red for a downtrend. This feature helps visualize the overall market direction at a glance.
6.Signals for Key Price Actions
The indicator plots various symbols to signal important price movements:
Bullish Close (▲): Indicates a strong upward movement where the close price crosses above the open.
Bearish Close (▼): Indicates a downward movement where the close price falls below the open.
Higher High (•): Highlights new highs compared to previous bars, useful for confirming an uptrend.
Lower Low (•): Highlights lower lows compared to previous bars, which can indicate a downtrend or bearish pressure.
Calculations Explained
1.Buy and Sell Pressure Calculation
The buy pressure is determined by the price range (high - low) if the closing price is above the opening price, indicating an increase in value.
The sell pressure is similarly calculated when the closing price is equal to or below the opening price.
The indicator uses the Average True Range (ATR) for normalization. Normalizing helps you compare pressure across different periods, regardless of market volatility.
2.Volume Normalization
Volume Normalization: To make volume comparable across different periods, the indicator normalizes it using the Simple Moving Average (SMA) of volume over a user-defined length.
Volume Histogram: The histogram provides a clear representation of volume changes compared to the average, making it easier to spot unusual activity that may indicate market shifts.
3.Combined Pressure Calculation
The indicator calculates a combined pressure value by subtracting sell pressure from buy pressure.
When combined pressure is positive, buying is dominant, and when negative, selling is dominant. This helps in visually understanding the ongoing momentum.
4.Trend Calculation
The indicator uses two EMAs to determine the trend:
Short-Term EMA (default 14-period) to capture recent price movements.
Long-Term EMA (default 50-period) to provide a broader trend perspective.
By comparing these EMAs on a higher timeframe, the indicator can identify whether the trend is up or down, making it easier for traders to align their trades with the larger market movement.
Inputs and Customization
The indicator provides several options for customization, allowing you to adjust it to your preferences:
SMA Length: Determines the lookback period for moving averages and volume normalization. A longer length provides more smoothing, whereas a shorter length makes the indicator more responsive.
Buy/Sell/Volume Colors: Customize the colors used to represent buying, selling, and volume to suit your preferences.
Heikin Ashi Option: Toggle between using Heikin Ashi or traditional OHLC (Open-High-Low-Close) candles for pressure calculations.
Trend Timeframe and EMA Periods: You can choose different timeframes and EMA periods for trend analysis to suit your trading strategy.
How to Use This Indicator
Identifying Market Momentum: Use the buy/sell pressure columns to see which side (buyers or sellers) is in control. Positive pressure combined with green color indicates strong buying, while red indicates selling.
Volume Confirmation: Check the volume area plot and histogram. High volume coupled with strong pressure is a sign of conviction, meaning the current move has backing from market participants.
Trend Identification: The trend background color helps identify the overall trend direction. Trade in the direction of the trend (e.g., take long positions during a green background).
Signal Indicators: The plotted symbols like "Bullish Close" and "Bearish Close" provide visual signals of key price actions, useful for timing entry or exit points.
Practical use Example
Scenario: The market is consolidating, and you see alternating green and red bars.
Action: Wait for a consistent sequence of green bars (buy pressure) along with a green background (uptrend) to consider going long, although you can go long without having a green background, the background adds confirmation layer.
Scenario: The market has several bearish closes (red ▼ symbols) accompanied by increasing volume.
Action: This could indicate strong selling pressure. If the background also turns red, it might be a good time to exit long positions or consider shorting.
Higher timeframe pressure and volume: Another way to use the indicator is to check buy/sell volume and pressure of the higher timeframe say weekly or daily or any timeframe you consider higher, once you’ve identified or feel confident in which direction the bar is going along with the full picture of trend, you can go to the lower timeframe and wait for it to sync with the higher timeframe to consider a long or a short. It is also easier to see when markets sync up by also applying the Enhanced Pressure MTF Screener which works in companion to this indicator.
Visual Cues and Interpretation
Combined Pressure Plot: The green and red column plot at the bottom of the chart represents the dominance between buying and selling. Tall green bars signify strong buying, while tall red bars indicate selling dominance.
Trend Background: Helps visualize the overall direction without manually drawing trend lines. When the background turns green, it generally indicates that the shorter-term moving average has crossed above the longer-term average—a sign of a bullish trend.
To Summarize shortly
The Enhanced Buy/Sell Pressure, Volume, and Trend Bar Analysis Indicator is an advanced but simple tool designed to help traders visually understand market dynamics. It combines different aspects of market analysis of candle pressure from buyers and sellers, volume confirmation, and trend identification into a single view, which can assist both new and experienced traders in making informed trading decisions.
This indicator:
Saves time by simplifying market analysis.
Provides clear visual cues for buy/sell pressure, volume, and trend.
Offers customizable settings to suit individual trading styles.
Always, I am happy to share my creations with you all for free. If you guys have cool ideas you would like to share, or suggestions for improvements the comment is below and I hope this overview gave an idea of how to use the indicator :D
Zig Zag + Aroon StrategyBelow is a trading strategy that combines the Zig Zag indicator and the Aroon indicator. This combination can help identify trends and potential reversal points.
Zig Zag and Aroon Strategy Overview
Zig Zag Indicator:
The Zig Zag indicator helps to identify significant price movements and eliminates smaller fluctuations. It is useful for spotting trends and reversals.
Aroon Indicator:
The Aroon indicator consists of two lines: Aroon Up and Aroon Down. It measures the time since the highest high and the lowest low over a specified period, indicating the strength of a trend.
Strategy Conditions
Long Entry Conditions:
Aroon Up crosses above Aroon Down (indicating a bullish trend).
The Zig Zag indicator shows an upward movement (indicating a potential continuation).
Short Entry Conditions:
Aroon Down crosses above Aroon Up (indicating a bearish trend).
The Zig Zag indicator shows a downward movement (indicating a potential continuation).
Exit Conditions:
Exit long when Aroon Down crosses above Aroon Up.
Exit short when Aroon Up crosses above Aroon Down.
