Macro+KZ (ICT concepts + HYRDRA macros)
This script will automatically highlight any time based sessions you like.
It will also showcase any macro times on your chart.
Trend Analysis
Daily Open LineIndicator Goal/Objective:
This is a Simple Code to show Daily Open Level in chart
This script plots a circle at the open price of the current day on the chart.
It marks the first bar's open price of each new trading day and
keeps the same value for the rest of the day until a new trading day begins.
It is only for analysis purpose only.
it is not a new indicator and can be replica of any other persons indicator.
The purpose of making indicator as an individual indicator is only for easiness.
Market Structure CHoCH/BOS (Fractal) [vandji]Explication de la stratégie Market Structure CHoCH/BOS (Fractal)
Introduction
La stratégie Market Structure CHoCH/BOS (Fractal) est conçue pour analyser les structures de marché en identifiant les changements de caractère (Change of Character - CHoCH) et les cassures de structure (Break of Structure - BOS) basées sur des fractales. Cette approche permet aux traders de repérer les renversements de tendance ainsi que la continuation de celle-ci à l'aide d'un outil visuel intuitif et de niveaux clés marqués directement sur le graphique.
Fonctionnement de l'indicateur
L'indicateur utilise des fractales pour identifier des points hauts et bas significatifs dans le marché. Ces points permettent de :
Identifier les structures haussières (Bullish) :
Une cassure d'un sommet fractal indique une continuation ou un renversement haussier.
Des niveaux de support sont tracés pour repérer les zones où le prix peut rebondir.
Identifier les structures baissières (Bearish) :
Une cassure d'un bas fractal signale une continuation ou un renversement baissier.
Des niveaux de résistance sont tracés pour surveiller les zones où le prix peut se retourner.
L'indicateur utilise également des labels visuels tels que CHoCH et BOS :
CHoCH (Change of Character) : Indique un changement de tendance.
BOS (Break of Structure) : Confirme la continuation de la tendance.
Visualisation des Niveaux Clés
Support : Tracé lorsque la structure haussière est identifiée.
Résistance : Tracée lorsque la structure baissière est détectée. Ces niveaux servent de repères pour placer des ordres ou évaluer la force de la tendance.
Avantages
Identification claire des tendances : Les CHoCH et BOS aident à distinguer les renversements des continuations.
Zones clés définies : Les supports et résistances fractals donnent des points d'entrée ou de sortie potentiels.
Convient aux styles variés de trading : Applicable pour le scalping, le day trading ou le swing trading.
Exemple Visuel
Graphique annoté
L'image suivante illustre le fonctionnement de l'indicateur sur un graphique.
Les sommets fractals haussiers et baissiers sont marqués.
Les niveaux de support et de résistance sont dessinés.
Les labels CHoCH et BOS indiquent des points importants de renversement ou de continuation.
Price Projection by Linear RegressionPurpose:
This is a TradingView Pine Script indicator that performs a linear regression on historical price data to project potential future price levels. It's designed to help traders visualize long-term price trends and potential future price targets.
Key Components:
User Inputs:
Historical Data Points (default 1000 bars) - The amount of historical data used to calculate the trend
Years to Project (default 10 years) - How far into the future to project the price
Technical Implementation:
Uses linear regression (ta.linreg) to calculate the trend slope
Converts years to trading days using 252 trading days per year
Limits visible projection to 500 bars due to TradingView's drawing limitations
Projects prices using the formula: current_price + (slope × number_of_bars)
Visual Elements:
Blue line showing actual historical prices
Red projection line showing the expected price path
Label showing the projected price at the visible end of the line
Information table in the top-right corner showing:
Current price
Final projected price after the full time period
Limitations:
Can only display projections up to 500 bars into the future (about 2 years) due to TradingView limitations
The full projection value is still calculated and shown in the table
Past performance doesn't guarantee future results - this is a mathematical projection based on historical trends
Usage:
Traders can use this to:
Visualize potential long-term price trends
Set long-term price targets
Understand the historical trend's trajectory
Compare current prices with projected future values
Cloud TxKO CryptoIchimoku Cloud TK Cross Candle Open Open Crypto
The TK Cross in the Ichimoku Cloud system occurs when the Tenkan-Sen (Conversion Line) crosses the Kijun-Sen (Base Line), signaling momentum shifts or potential trend changes.
Bullish Cross: Tenkan-Sen crosses above Kijun-Sen, indicating upward momentum.
Bearish Cross: Tenkan-Sen crosses below Kijun-Sen, signaling downward momentum.
Signal Strength:
Above the Cloud: Strong signal.
Inside the Cloud: Moderate signal.
Below the Cloud: Weak signal.
The TK Cross is vital for identifying trends and is more effective when combined with other Ichimoku components like the Kumo Cloud and Chikou Span.
weakly dividesThis indicator takes the last weekly candle and divides it into the number the user wants. This is a great strategy.
Engulfing Candle by SmanovThis custom Pine Script indicator highlights bullish and bearish engulfing candles while ensuring the previous candle is not an inside bar (relative to the candle before it). Engulfing candles are often seen as potential reversal signals. By including an extra filter that excludes so-called “inside bars,” the indicator aims to provide stronger and more reliable signals.
How It Works
Bullish Engulfing Condition
The current candle is bullish (close > open).
The current candle’s low is lower than the previous candle’s low, and the current candle’s high is higher than the previous candle’s high (true “engulfing” from top to bottom).
The current candle closes above the previous candle’s high (confirms a breakout above the previous high).
Bearish Engulfing Condition
The current candle is bearish (close < open).
The current candle’s high is higher than the previous candle’s high, and the current candle’s low is lower than the previous candle’s low.
The current candle closes below the previous candle’s low (confirms a breakdown below the previous low).
Non-Inside-Previous-Bar Filter
The indicator checks the previous candle to ensure it is not an inside bar (where the entire high-low range of the previous candle sits inside the range of the candle before it).
By doing so, the indicator ignores signals where the previous candle is potentially indecisive or “inside.”
When these conditions are met, the indicator plots a triangle above (for bearish) or below (for bullish) the candle. You can also enable alerts to receive notifications each time a valid engulfing candle forms.
Features
Clear Markers on the Chart: Triangles appear near the bars that fulfill the engulfing criteria, simplifying quick identification of potential reversal points.
Non-Inside Bar Filtering: Reduces false signals by ensuring the previous candle range is not contained within the range of the candle before it.
Alert Conditions: Create TradingView alerts to be notified via push messages, email, or pop-ups whenever a bullish or bearish engulfing setup occurs.
Easy Customization: You can tweak the logic for stricter or looser engulfing definitions or add your own additional filters (volume, RSI, etc.) if needed.
How to Trade with It
Reversal Opportunities
Bullish Engulfing: Signals a potential bullish reversal. Traders might look to go long if other supporting factors (support level, bullish divergence, etc.) confirm the trend change.
Bearish Engulfing: Signals a potential bearish reversal. Traders might go short if there is additional confluence (resistance level, overbought conditions, etc.).
Combine with Other Indicators
While an engulfing candle by itself can be meaningful, adding a momentum oscillator (e.g., RSI, MACD) or volume analysis often strengthens confirmation.
Look for bullish engulfing signals near known support levels, or bearish engulfing signals near known resistance levels.
Risk Management
Place stop-loss orders below (for bullish entries) or above (for bearish entries) the engulfing candle to reduce risk.
Use your usual position sizing and money management rules.
Avoid Choppy Markets
Because this indicator focuses on engulfing patterns that break the previous candle’s high or low, it can reduce whipsaws in sideways markets. Still, confirm that the market isn’t in an extended range before acting.
Disclaimer:
This indicator is a technical tool designed to assist traders in identifying potential reversal points. It is not a standalone trading system. Always practice proper risk management, and confirm signals with additional analysis before entering any trade.
Buy Low over 18 SMA Strategythis is a customizeable strategy to buy on daily chart where you can select after which days you want to buy
with a 1or2 day trailing stop on prior low
the Nasdaq seams to be most profitable when buying above the wednesdays and fridays high
this avoided entries in the bearish move on july 2024
breakeven stops in aug 2023
only small losses in jan/april/sept 2022
all in all a pretty good strategy when exiting below the low of prior two days
RSI Moving Average_duongfreedom260903This is the familiar tool RSI, combined with two moving averages, EMA and WMA, to help you clearly determine the trend of a wave, along with helping to determine buying pressure. , selling force exists in the market, thereby helping you be more confident in making the decision to Buy or Sell.
Adaptive Fourier Transform Supertrend [QuantAlgo]Discover a brand new way to analyze trend with Adaptive Fourier Transform Supertrend by QuantAlgo , an innovative technical indicator that combines the power of Fourier analysis with dynamic Supertrend methodology. In essence, it utilizes the frequency domain mathematics and the adaptive volatility control technique to transform complex wave patterns into clear and high probability signals—ideal for both sophisticated traders seeking mathematical precision and investors who appreciate robust trend confirmation!
🟢 Core Architecture
At its core, this indicator employs an adaptive Fourier Transform framework with dynamic volatility-controlled Supertrend bands. It utilizes multiple harmonic components that let you fine-tune how market frequencies influence trend detection. By combining wave analysis with adaptive volatility bands, the indicator creates a sophisticated yet clear framework for trend identification that dynamically adjusts to changing market conditions.
🟢 Technical Foundation
The indicator builds on three innovative components:
Fourier Wave Analysis: Decomposes price action into primary and harmonic components for precise trend detection
Adaptive Volatility Control: Dynamically adjusts Supertrend bands using combined ATR and standard deviation
Harmonic Integration: Merges multiple frequency components with decreasing weights for comprehensive trend analysis
🟢 Key Features & Signals
The Adaptive Fourier Transform Supertrend transforms complex wave calculations into clear visual signals with:
Dynamic trend bands that adapt to market volatility
Sophisticated cloud-fill visualization system
Strategic L/S markers at key trend reversals
Customizable bar coloring based on trend direction
Comprehensive alert system for trend shifts
🟢 Practical Usage Tips
Here's how you can get the most out of the Adaptive Fourier Transform Supertrend :
1/ Setup:
Add the indicator to your favorites, then apply it to your chart ⭐️
Start with close price as your base source
Use standard Fourier period (14) for balanced wave detection
Begin with default harmonic weight (0.5) for balanced sensitivity
Start with standard Supertrend multiplier (2.0) for reliable band width
2/ Signal Interpretation:
Monitor trend band crossovers for potential signals
Watch for convergence of price with Fourier trend
Use L/S markers for trade entry points
Monitor bar colors for trend confirmation
Configure alerts for significant trend reversals
🟢 Pro Tips
Fine-tune Fourier parameters for optimal sensitivity:
→ Lower Base Period (8-12) for more reactive analysis
→ Higher Base Period (15-30) to filter out noise
→ Adjust Harmonic Weight (0.3-0.7) to control shorter trend influence
Customize Supertrend settings:
→ Lower multiplier (1.5-2.0) for tighter bands
→ Higher multiplier (2.0-3.0) for wider bands
→ Adjust ATR length based on market volatility
Strategy Enhancement:
→ Compare signals across multiple timeframes
→ Combine with volume analysis
→ Use with support/resistance levels
→ Integrate with other momentum indicators
[blackcat] L2 Wave Base CampOVERVIEW
The L2 Wave Base Camp indicator is a technical analysis tool designed to identify trends and potential trading signals by visualizing price and volume data through moving averages and relative strength calculations. It operates in its own panel on the trading chart, providing traders with a clear and color-coded representation of market conditions.
FEATURES
Customizable Base Camp Level: Users can set a horizontal line at a specific level to mark significant price points.
Color-Coded Histograms: Different colors indicate various market conditions, such as price position relative to moving averages.
Labeled Signals: The indicator labels potential "Valley" and "Top" points, suggesting buying and selling opportunities.
Volume Analysis: Incorporates volume data to identify potential trend reversals based on volume trends.
HOW TO USE
Set the Base Camp Level: Adjust the input parameter to define a significant price level.
Interpret Histogram Colors: Use the color-coded histograms to understand the current market condition.
Look for Labeled Signals: Pay attention to "Valley" and "Top" labels for potential trading opportunities.
Analyze Volume Trends: Monitor volume data for signs of trend reversals.
LIMITATIONS
Not a Standalone Tool: Should be used in conjunction with other indicators and analysis methods.
Backtesting Required: Essential to understand historical performance before live trading.
NOTES
The indicator uses moving averages (SMA) and relative strength calculations to smooth data and identify trends.
Crossover events between different moving averages generate buy and sell signals.
THANKS
Special thanks to the original author for developing this insightful trading tool.
Combined Multi-Timeframe EMA OscillatorThis script aims to visualize the strength of bullish or bearish trends by utilizing a mix of 200 EMA across multiple timeframes. I've observed that when the multi-timeframe 200 EMA ribbon is aligned and expanding, the uptrend usually lasts longer and is safer to enter at a pullback for trend continuation. Similarly, when the bands are expanding in reverse order, the downtrend holds longer, making it easier to sell the pullbacks.
In this script, I apply a purely empirical and experimental method: a) Ranking the position of each of the above EMAs and turning it into an oscillator. b) Taking each 200 EMA on separate timeframes, turning it into a stochastic-like oscillator, and then averaging them to compute an overall stochastic.
To filter a bullish signal, I use the bullish crossover between these two aggregated oscillators (default: yellow and blue on the chart) which also plots a green shadow area on the screen and I look for buy opportunities/ ignore sell opportunities while this signal is bullish. Similarly, a bearish crossover gives us a bearish signal which also plots a red shadow area on the screen and I only look for sell opportunities/ ignore any buy opportunities while this signal is bearish.
Note that directly buying the signal as it prints can lead to suboptimal entries. The idea behind the above is that these crossovers point on average to a stronger trend; however, a trade should be initiated on the pullbacks with confirmation from momentum and volume indicators and in confluence with key areas of support and resistance and risk management should be used in order to protect your position.
Disclaimer: This script does not constitute certified financial advice, the current work is purely experimental, use at your own discretion.
Onky's DikFat Supreme Supply and Demand Onky's DikFat Supreme Supply and Demand is an essential tool for traders looking to harness the power of Supply and Demand Trading , a strategy based on the fundamental market principle that prices increase when demand exceeds supply and decrease when supply surpasses demand. This indicator helps you pinpoint key Supply and Demand Zones on the chart, acting as high-probability areas for potential market reversals.
Introduction to Supply and Demand Trading
Supply and demand trading is one of the most powerful approaches used by traders across all financial markets, from stocks to forex to commodities. It works on the idea that prices will naturally rise when there is more demand than supply, and fall when there is more supply than demand. Understanding where these zones lie on the chart is critical for making profitable trades. By identifying key support and resistance levels driven by these forces, traders can anticipate price movements with high accuracy.
Benefits of Using Supply & Demand Trading:
Simple Trading Approach : Focus on market structure rather than complex indicators.
High-Probability Trading Setups : Recognize zones where price is likely to reverse.
Minimal Indicators Required : The strategy works on pure price action.
Works Across All Markets : Supply and demand principles apply to stocks, forex, and commodities.
High Accuracy : When implemented correctly, it offers a high degree of precision.
Whether you are just starting or looking to refine your strategy, understanding how to identify supply and demand zones can greatly improve your trading decisions. Here’s how you can begin:
Step 1: Identify Supply and Demand Zones
Before entering trades, it's essential to first identify the Supply and Demand Zones on your chart. These zones act as key support and resistance levels where price is likely to reverse.
Supply Zone : This represents an area where selling pressure exceeds buying pressure, causing the price to drop.
Demand Zone : This marks an area where buying pressure exceeds selling pressure, driving the price upwards.
These zones are crucial for spotting potential turning points in the market. Using Onky's DikFat Supreme Supply and Demand indicator, supply and demand zones are automatically detected, helping you to identify these key levels with ease. The indicator highlights these zones with specific color coding, allowing you to quickly see where price might reverse based on historical price action.
Step 2: Confirm Your Entry and Exit
Once you've identified the supply and demand zones, confirmation is key before entering any trades.
Entry Confirmation :
Look for additional technical indicators and patterns that signal a strong trade setup:
Candlestick Patterns : Bullish engulfing, Piercing Line, and other reversal patterns.
Chart Patterns : Double bottom, Head and Shoulders, and other formations that suggest a market shift.
Momentum Indicators : Use tools like MACD and RSI to confirm the strength of the trend.
Exit Confirmation :
Plan your exits with discipline to maximize your profits and minimize losses:
Stop Loss : Always place stop losses just outside of the supply or demand zone.
Exit Strategies :
Close part of the position at 2x risk and move stop loss to breakeven.
Trail stops below the previous support or resistance levels.
Close the full position using reversal candlestick patterns.
Step 3: Use Effective Risk Management
Incorporating effective Risk Management practices is essential for long-term success in supply and demand trading. Even with a high-probability edge, managing your risk ensures that you protect your capital and make more informed decisions.
Risk Management Best Practices :
Risk 1%-3% Per Trade : For a $10,000 account, risk only $100-$300 per trade.
Position Sizing : Stick to position sizes appropriate for your account size to manage risk effectively.
Set Stop Loss Orders : Always manage your risk with clearly defined stop losses.
Control Emotions : Avoid overtrading, revenge trading, and excessive confidence. Stick to your plan.
By combining supply and demand zones with solid risk management, you can confidently trade the markets and grow your account over time.
Start Applying Supply and Demand
Now that you understand the basics, you can begin applying Supply and Demand trading using the Onky's DikFat Supreme Supply and Demand indicator to detect key zones and high-probability setups. Here’s how to start:
Identify Fresh Supply and Demand Levels : Use the indicator to automatically find the most relevant zones.
Confirm Setups with Additional Signals : Use candlestick patterns, momentum indicators, and chart patterns for entry confirmation.
Manage Risk on Every Trade : Always use proper risk management to ensure you’re protecting your capital.
As you become more proficient in identifying and trading these zones, you will enhance your trading strategy and improve your consistency. Implementing these practices early on will help you grow as a trader and achieve long-term success.
Additional Resources
Price Action and Supply and Demand : A deeper dive into how price action complements supply and demand analysis.
Supply and Demand Trading - The Ultimate Guide : A comprehensive guide to mastering supply and demand trading techniques.
Advanced Supply and Demand Zones : Learn to identify more complex supply and demand zones for greater trading precision.
With the right education, dedication, and a focus on proper risk management, you can successfully trade based on supply and demand principles, no matter your experience level.
Rolling Angled Volume Profile [Trendoscope®]🎲 Volume Profile Indicators
🎯Traditional Volume Profile
Volume profile indicators visually represent the distribution of volume across price levels. These indicators typically operate on horizontal price levels, making them effective in identifying supply and demand zones in ranging markets. However, they are less useful in trending markets where price movements follow a slope.
🎯The Need for Angled Volume Profiles
Just as support and resistance levels differ from trendlines, volume profile indicators require an equivalent method to account for volume distribution along a sloped trajectory. This would enable more accurate volume analysis in trending markets.
We identified the need of Angled Volume profile and have already published few indicators that implements the concept.
Angled Volume Profile calculates volume distribution along a slope. Users interact with the indicator by selecting the starting point, after which the volume profile is calculated for the selected trajectory.
Volume Forks is another tool that extends angled volume profile analysis, aligning volume profiles along the trajectory of pitchforks.
🎲 Rolling Volume Profile Indicator
The Rolling Volume Profile offers a new approach to angled volume profile calculations, addressing some limitations of earlier implementations:
🎯 Rolling Calculation
The volume profile is calculated for the last N bars of the instrument
The slope of the profile lines is determined by the closing prices of the starting and ending bars
Profiles are drawn in the direction of price movement between the start and end bars.
🎯 Dynamic Updates
As new bars are added, the calculations are updated, and the profile is redrawn based on the latest data.
This dynamic behavior earns it the name "Rolling Volume Profile."
🎯 Advantages Over Earlier Versions
Unlimited Profile Lines : Unlike previous implementations limited to 500 profile lines, this indicator uses polyline objects, overcoming the restriction.
Live Updates : Previous angled volume profile tools lacked real-time updates when new bars appeared. This limitation is resolved in the Rolling Volume Profile Indicator.
The Rolling Volume Profile provides an efficient and scalable solution for analyzing volume in trending markets.
🎯 Indicator Settings
Simple settings include few customisable options
Xmaster Formula Indicator [TradingFinder] No Repaint Strategies🔵 Introduction
The Xmaster Formula Indicator is a powerful tool for forex trading, combining multiple technical indicators to provide insights into market trends, support and resistance levels, and price reversals. Developed in the early 2010s, it is widely valued for generating reliable buy and sell signals.
Key components include Exponential Moving Averages (EMA) for identifying trends and price momentum, and MACD (Moving Average Convergence Divergence) for analyzing trend strength and direction.
The Stochastic Oscillator and RSI (Relative Strength Index) enhance accuracy by signaling potential price reversals. Additionally, the Parabolic SAR assists in identifying trend reversals and managing risk.
By integrating these tools, the Xmaster Formula Indicator provides a comprehensive view of market conditions, empowering traders to make informed decisions.
🔵 How to Use
The Xmaster Formula Indicator offers two distinct methods for generating signals: Standard Mode and Advance Mode. Each method caters to different trading styles and strategies.
Standard Mode :
In Standard Mode, the indicator uses normalized moving average data to generate buy and sell signals. The difference between the short-term (10-period) and long-term (38-period) EMAs is calculated and normalized to a 0-100 scale.
Buy Signal : When the normalized value crosses above 55, accompanied by the trend line turning green, a buy signal is generated.
Sell Signal : When the normalized value crosses below 45, and the trend line turns red, a sell signal is issued.
This mode is simple, making it ideal for traders looking for straightforward signals without the need for additional confirmations.
Advance Mode :
Advance Mode combines multiple technical indicators to provide more detailed and robust signals.
This method analyzes trends by incorporating :
🟣 MACD
Buy Signal : When the MACD histogram bars are positive.
Sell Signal : When the MACD histogram bars are negative.
🟣 RSI
Buy Signal : When RSI is below 30, indicating oversold conditions.
Sell Signal : When RSI is above 70, suggesting overbought conditions.
🟣 Stochastic Oscillator
Buy Signal : When Stochastic is below 20.
Sell Signal : When Stochastic is above 80.
🟣 Parabolic SAR
Buy Signal : When SAR is below the price.
Sell Signal : When SAR is above the price.
A signal is generated in Advance Mode only when all these indicators align :
Buy Signal : All conditions point to a bullish trend.
Sell Signal : All conditions indicate a bearish trend.
This mode is more comprehensive and suitable for traders who prefer deeper analysis and stronger confirmations before executing trades.
🔵 Settings
Method :
Choose between "Standard" and "Advance" modes to determine how signals are generated. In Standard Mode, signals are based on normalized moving average data, while in Advance Mode, signals rely on the combination of MACD, RSI, Stochastic Oscillator, and Parabolic SAR.
Moving Average Settings :
Short Length : The period for the short-term EMA (default is 10).
Mid Length : The period for the medium-term EMA (default is 20).
Long Length : The period for the long-term EMA (default is 38).
MACD Settings :
Fast Length : The period for the fast EMA in the MACD calculation (default is 12).
Slow Length : The period for the slow EMA in the MACD calculation (default is 26).
Signal Line : The signal line period for MACD (default is 9).
Stochastic Settings :
Length : The period for the Stochastic Oscillator (default is 14).
RSI Settings :
Length : The period for the Relative Strength Index (default is 14).
🔵 Conclusion
The Xmaster Formula Indicator is a versatile and reliable tool for forex traders, offering both simplicity and advanced analysis through its Standard and Advance modes. In Standard Mode, traders benefit from straightforward signals based on normalized moving average data, making it ideal for quick decision-making.
Advance Mode, on the other hand, provides a more detailed analysis by combining multiple indicators like MACD, RSI, Stochastic Oscillator, and Parabolic SAR, delivering stronger confirmations for critical market decisions.
While the Xmaster Formula Indicator offers valuable insights and reliable signals, it is important to use it alongside proper risk management and other analytical methods. By leveraging its capabilities effectively, traders can enhance their trading strategies and achieve better outcomes in the dynamic forex market.
VWAP Fibonacci Bands (Zeiierman)█ Overview
The VWAP Fibonacci Bands is a sophisticated yet user-friendly indicator designed to assist traders in visualizing market trends, volatility, and potential support/resistance levels. Developed by Zeiierman, this tool integrates the MIDAS (Market Interpretation Data Analysis System) methodology with Standard Deviation Bands and user-defined Fibonacci levels to provide a comprehensive market analysis framework.
This indicator is built for traders who want a dynamic and customizable approach to understanding market movements, offering features that adapt to varying market conditions. Whether you're a scalper, swing trader, or long-term investor.
█ How It Works
⚪ Anchor Point System
The indicator begins its calculations based on an anchor point, which can be set to:
A specific date for historical analysis or alignment with significant market events.
A timeframe-based reset, dynamically restarting calculations at the beginning of each selected period (e.g., daily, weekly, or monthly).
This dual-anchor method ensures flexibility, allowing the indicator to align with various trading strategies.
⚪ MIDAS Calculation
The MIDAS calculation is central to this indicator. It uses cumulative price and volume data to compute a volume-weighted average price (VWAP), offering a trendline that reflects the true value weighted by trading activity.
⚪ Standard Deviation Bands
The upper and lower bands are calculated using the standard deviation of price movements around the MIDAS line.
⚪ Fibonacci Levels
User-defined Fibonacci ratios are used to plot additional support and resistance levels between the bands. These levels provide visual cues for potential price reversals or trend continuations.
█ How to Use
⚪ Trend Identification
Uptrend: The price remains above the MIDAS line.
Downtrend: The price stays below the MIDAS line and aligns with the lower bands.
⚪ Support and Resistance
The upper and lower bands act as support and resistance levels.
Fibonacci levels provide intermediate zones for potential price reversals.
⚪ Volatility Analysis
Wider bands indicate periods of high volatility.
Narrower bands suggest low-volatility conditions, often preceding breakouts.
⚪ Overbought/Oversold Conditions
Look for the price beyond the upper or lower bands to identify extreme conditions.
█ Settings
Set Anchor Method
Anchor Method: Choose between Timeframe or Date to define the starting point of calculations.
Anchor Timeframe: For Timeframe mode, specify the interval (e.g., Daily, Weekly).
Anchor Date: For Date mode, set the exact starting date for historical alignment.
Set Std Dev Multiplier
Controls the width of the bands:
Higher values widen the bands, filtering out minor fluctuations.
Lower values tighten the bands for more responsive analysis.
Set Fibonacci Levels
Define custom Fibonacci ratios (e.g., 0.236, 0.382) to plot intermediate levels between the bands.
█ Tips for Fine-Tuning
⚪ For Trend Trading:
Use higher Std Dev Multipliers to focus on long-term trends and avoid noise. Adjust Anchor Timeframe to Weekly or Monthly for broader trend analysis.
⚪ For Reversal Trading:
Tighten the bands with a lower Std Dev Multiplier.
Use shorter anchor timeframes for intraday reversals (e.g., Hourly).
⚪ For Volatile Markets:
Increase the Std Dev Multiplier to accommodate wider price swings.
⚪ For Quiet Markets:
Decrease the Std Dev Multiplier to highlight smaller fluctuations.
-----------------
Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Volume Weighted Moving Average (TechnoBlooms)The Volume Weighted Moving Average Oscillator (VWMO) is a custom technical indicator designed to measure market momentum while accounting for volume. It helps traders assess whether price movements are supported by strong or weak trading volumes. The VWMO provides insights into potential trends by comparing current momentum with historical averages.
Indicator Overview:
The VWMO is based on a combination of price and volume data, highlighting the relationship between these two components to generate a clear oscillation value. The oscillator displays dynamic insights into market strength, capturing price directionality and volume alignment.
Key Features:
1. Dynamic Visualization of Momentum:
o The oscillator displays positive and negative momentum by analyzing the relationship between price movements and trading volume over a specified period.
o Positive momentum typically represents a bullish market, while negative momentum reflects bearish conditions.
2. Volume-Weighted Analysis:
o Volume is incorporated to give an adjusted price perspective, where price movements on high-volume days have more influence on the resulting oscillator values.
3. Trend Confirmation via EMA:
o An Exponential Moving Average (EMA) of the oscillator is plotted to smooth the raw oscillator values and provide trend confirmation.
o The EMA is essential for identifying whether the oscillator is in an upward or downward trend. It also serves as a support for evaluating when momentum might reverse.
4. Visual Indicators and Color Coding:
o The indicator uses varying color intensities to differentiate between strong and weak momentum.
o Bullish and bearish momentum is visually reflected by colors, offering at-a-glance guidance on potential trade opportunities.
5. Overbought and Oversold Thresholds:
o Horizontal lines at predefined levels (e.g., +100 and -100) help to define overbought and oversold areas, which assist in identifying overextended price movements that may signal reversals.
6. Scalability & Adaptability:
o The indicator allows for adjustment of the period, EMA length, and other key parameters to tailor its usage according to different asset classes or timeframe preferences.
JJ Psychological Levels (125 Increments)Psychological Levels Indicator
Description:
The Psychological Levels Indicator is a versatile tool designed for traders to identify key price levels that often act as support or resistance zones in the market. These levels are plotted at regular intervals, customizable by the user, starting from a base price level. This is particularly useful for spotting psychological price points that traders and investors frequently monitor.
Key Features:
1.Dynamic Psychological Levels:
- The script calculates and displays horizontal lines at price levels separated by customizable increments (default: 125 points).
- These levels are dynamically adjusted to the visible range of the chart.
2. Customizable Inputs:
- Starting Level: Set the base level from which increments are calculated (e.g., 0 or 1000).
- Step Size: Define the interval between levels (e.g., 125 for indices like Bank NIFTY).
3. Visual Representation:
- Horizontal lines are drawn at each psychological level, helping traders quickly identify key zones.
- Labels are placed next to each level, displaying the corresponding price for easy reference.
4. Application Across Instruments:
- This indicator works seamlessly with various asset classes, including stocks, indices, forex, and cryptocurrencies.
How to Use:
1.Identify Key Price Zones:
- Use the plotted psychological levels to spot areas where price action is likely to react.
- Levels such as 1125, 1250, and 1375 (for a step size of 125) are visually highlighted.
2. Plan Trades Around Key Levels:
- These levels can act as support/resistance or breakout points, providing opportunities for entry, exit, and stop-loss placement.
3. Customizable Settings:
- Adjust the starting level and step size to tailor the indicator to your trading instrument or strategy.
Why Psychological Levels Matter:
Psychological levels are widely followed by traders and often coincide with key market turning points due to their significance in human behavior and market psychology. They are frequently used by institutional traders, making them valuable reference points for intraday and swing trading.
Custom Settings:
- **Starting Level:** Default: `0`
- **Step Size:** Default: `125`
Disclaimer:
This indicator is a technical analysis tool and is not intended to provide financial advice. Always combine it with other indicators and perform your due diligence before making trading decisions.
Enhanced Retail vs Institutional ActivityThis script highlights market activity in real-time, making it easier to infer the type of market participants driving price and volume changes.
Here’s a list of what the script analyzes:
Volume:
Current volume of the candle.
Moving average of volume over a specified number of periods.
Volume spikes: Current volume compared to a threshold multiple of the moving average.
Price Movement:
Percentage change in price between the current and previous candle.
Identifies significant price changes based on a user-defined threshold.
Institutional Activity:
High volume spikes combined with significant price movements.
Retail Activity:
Periods without volume spikes or significant price changes.
VWAP (Volume-Weighted Average Price):
The average traded price over a specified lookback period, weighted by volume, used as a benchmark.
Market Context Visualization:
Background colors to differentiate institutional (red) and retail (green) activity.
Overlays for:
-Volume bars.
-Average volume line.
-VWAP line.
In summary:
Red = Institutional activity: High volume + significant price change.
Green = Retail activity: Low volume or insignificant price change.
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Analysis Explanation:
I’m forecasting that Bitcoin will retest its November 12th low (~$85,098.75) around January 20th, 2025, where the horizontal support line intersects with the downtrend line. This conclusion is based on the following:
Trend Analysis:
The chart shows a clear downtrend with price respecting the descending trendline.
The intersection of the horizontal support and the downtrend line on January 20th indicates a confluence point where price action may gravitate.
Volume and Activity Insights:
Using the Retail vs Institutional Activity indicator, the chart highlights periods dominated by institutional (red background) or retail (green background) activity.
Current price action is in a green zone, suggesting predominantly retail participation with lower volume and insignificant price movements.
Retail vs Institutional Dynamics:
Institutional activity (red zones) aligns with significant price movements and volume spikes, often marking key turning points or trends.
The recent green retail-dominated periods suggest a lack of strong momentum, which may lead to continued price decline until institutions re-enter around the confluence area.
Volume Observations:
Volume remains relatively low during the current retail phase, indicating weak buying pressure.
A potential surge in institutional activity (red zones) near the support level could trigger a rebound or breakdown.
I expect Bitcoin’s price to drop further and test the November 12th low near $85,098.75 on January 20th, 2025. This projection is supported by the convergence of the downtrend line and horizontal support, low retail-driven volume, and historical institutional activity patterns observed using the "Retail vs Institutional Activity" indicator.
The Curved Market Structure [BigBeluga]Curved Market Structure
The Curved Market Structure indicator offers an innovative twist on traditional market structure tools by using curved lines instead of horizontal ones, enabling faster breakout detection for traders.
🔵Key Features:
Curved Market Structure Levels: The indicator identifies high and low pivots and plots curved lines connecting these points, adapting to market dynamics and providing a more intuitive view of potential breakout zones.
Breakout Detection: Breakouts above or below the curved levels are marked with triangle symbols (▲ or ▼), making it easy to spot critical price movements.
Dynamic Target Levels: After a breakout, the indicator plots three target levels, which serve as potential price objectives. Each target is marked with a number and a star (e.g., 1★) upon being reached.
Customizable Line Length and Angle: Users can adjust the length and angle of the curved lines to fit their trading style and timeframe, making the tool versatile and adaptable.
Market Structure Trend Filtering: To maintain a clean chart, the indicator plots curved levels only from high pivots during uptrends and low pivots during downtrends.
🔵How It Works:
The indicator identifies high and low pivots using user-defined parameters (left and right bars).
Curved lines are drawn from these pivot points, showing the structure of the market and potential breakout zones.
When a breakout occurs, the indicator highlights the direction with triangle symbols and dynamically plots three price targets.
Upon reaching these targets, the level is marked with its respective number and a star, helping traders track price progression effectively.
The lines and targets are adjusted based on market conditions, ensuring real-time relevance and accuracy.
🔵Use Cases:
Spotting key breakout zones to identify entry and exit points more effectively.
Setting dynamic target levels for take-profit or stop-loss planning.
Filtering market noise and maintaining a cleaner chart while analyzing trends.
Enhancing traditional market structure analysis with an intuitive curved visualization.
This indicator is ideal for traders who want a modern, dynamic, and visually appealing way to track market structure and breakouts while maintaining chart clarity.
Ultra Disparity IndexGain insights into price movements across multiple timeframes with the Ultra Disparity Index . This indicator highlights overbought/oversold levels based on price disparities from moving averages.
Introduction
The Ultra Disparity Index is designed for traders who seek a deeper understanding of price movements and trends across various timeframes. By analyzing the disparity between the current price and its moving averages, the indicator helps identify overbought and oversold conditions.
Detailed Description
The indicator works by calculating the percentage difference between the current price and its moving averages over four user-defined lengths. It operates on multiple timeframes monthly, weekly, daily, 4-hour, and 1-hour giving traders a comprehensive view of market dynamics.
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Disparity Calculation
The indicator computes how far the current price is from moving averages to reveal the degree of disparity.
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Overbought/Oversold Zones
By normalizing disparities into percentages relative to the overbought/oversold range, the indicator represents overbought (100%) and oversold (-100%).
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Timeframe Flexibility
The user can visualize data from monthly to hourly intervals, ensuring adaptability to different trading strategies.
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Customizable Inputs
Users can configure moving average lengths and toggle visibility for specific timeframes and levels.
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Summary
The indicator uses simple moving averages (SMAs) as a benchmark for calculating disparity. This disparity is then analyzed using statistical tools, such as standard deviation, to derive meaningful levels. Finally, the results are visualized in a table, providing traders with an easy-to-read summary of disparity values and their respective normalized percentages.
ENIGMA Signals with Retests Select higher Time FrameENIGMA Signals with Retests – Script Description
The "ENIGMA Signals with Retests" script is a unique indicator designed for traders who prefer precision trading based on price action retests of key levels derived from higher timeframes. This tool is ideal for those employing multi-timeframe analysis strategies, helping them detect high-probability trade entries when the price interacts with significant support and resistance levels.
What Does This Script Do?
This indicator identifies key levels from a higher timeframe selected by the user (e.g., 4-hour or daily), then tracks price action on lower timeframes to provide actionable buy and sell signals when the price retests these levels. It visually plots the key levels on the chart and triggers alerts for potential trade opportunities when conditions are met.
How It Works
Key Level Detection:
The script uses custom functions to detect recent swing highs and swing lows on the selected higher timeframe (such as 4H or Daily). These levels represent potential areas of support and resistance where price reactions are likely to occur.
Multi-Timeframe Analysis:
The indicator leverages the request.security() function to retrieve price data from the user-defined higher timeframe and plots horizontal lines on the chart for the most recent swing highs and lows.
Retest-Based Signals:
Once the key levels are plotted, the script continuously monitors the price on the lower timeframe:
A Buy Signal is triggered when the price closes below a key high level and then moves back above it, indicating a potential bullish retest.
A Sell Signal is triggered when the price closes above a key low level and then moves back below it, indicating a potential bearish retest.
These retest signals are displayed as green and red arrows on the chart, helping traders identify optimal entry points.
Alerts for Retests:
The script includes built-in alert conditions that notify traders when a valid retest signal occurs. This allows traders to react promptly without constantly monitoring the chart.
How to Use the Script
Select Your Key Timeframe:
From the input settings, choose a higher timeframe that suits your trading style (e.g., 4H for intraday trading or Daily for swing trading).
Adjust Visual Preferences:
Customize the line style (solid, dashed, or dotted) and length of the plotted levels.
Toggle labels for the levels on or off as per your preference.
Trade Execution:
Once a retest signal appears on the lower timeframe, consider entering a trade in the direction of the signal. The buy signal suggests a potential long entry, while the sell signal indicates a potential short entry.
Set Alerts:
Use the alert conditions provided to get notified whenever a valid retest occurs. This helps in reducing screen time and improving trading efficiency.
Underlying Concepts
This script is grounded in the principles of support and resistance, retests, and breakout trading. By focusing on multi-timeframe key levels, it aligns with widely used trading concepts like:
Breakout and Retest: Entering trades after a confirmed breakout and successful retest of a significant level.
Swing Highs and Lows: Recognizing swing points to identify strong price reaction zones.
Multi-Timeframe Confluence: Enhancing trade probability by ensuring that the signals on lower timeframes correspond with key levels from higher timeframes.
Why This Script Is Unique
Unlike many generic trend-following or scalping indicators, "ENIGMA Signals with Retests" offers:
Precision Signals: It only provides signals when specific retest conditions are met, reducing false signals and noise.
Multi-Timeframe Customization: Users can tailor the higher timeframe to their strategy, making it versatile for various trading styles.
Alert Functionality: Alerts are integrated, allowing traders to stay updated without constantly monitoring the charts.
This script is perfect for traders looking for a systematic way to trade retests of key levels across multiple timeframes. Whether you're a scalper, day trader, or swing trader, "ENIGMA Signals with Retests" can help improve your precision and timing in the market.
EBL - Enigma BOS Logic Select Higher Time FrameThe "EBL – Enigma BOS Logic" is a unique multi-timeframe trading indicator designed for traders who rely on structured price action and key level retests to find high-probability trade opportunities. This indicator automates the identification of significant price levels on a higher timeframe, plots them across all lower timeframes, and provides actionable signals (buy/sell) when price retests those levels. It is ideal for traders who focus on lower timeframes for precise entries while using higher timeframe structure for trend confirmation.
How the Indicator Works
Key Level Detection:
The indicator allows the user to select a key level timeframe (e.g., 1H, 4H, Daily, Weekly). It then identifies Break of Structure (BOS) levels on the selected timeframe.
When a bullish-to-bearish or bearish-to-bullish reversal is detected on the selected timeframe, the corresponding high or low of the reversal candle is stored as a key level.
These key levels are plotted as horizontal lines on all lower timeframes, helping the trader visualize critical support and resistance zones across multiple timeframes.
Retest Confirmation:
Once a key level is established, the indicator continuously monitors the price action on lower timeframes.
If the price touches or crosses a key level, it is considered a retest, and an alert is generated.
The indicator plots a retest marker (customizable as a circle or diamond) at the exact price level where the retest occurred, providing a clear visual cue for the trader.
Trading Signals:
When a retest is detected, a table is displayed on the chart with the following information:
The trading pair.
The signal direction (Buy/Sell).
The price at which the retest occurred.
This table gives traders instant insight into actionable opportunities, making it easier to focus on live market conditions without missing critical retests.
Key Features
Multi-Timeframe Analysis: The indicator focuses on a higher timeframe selected by the user, ensuring that only the most relevant key levels are plotted for lower timeframe trading.
Dynamic Retest Signals: It dynamically identifies when price retests a key level and provides both visual markers and real-time alerts.
Customizable Retest Markers: Users can customize the retest marker's shape (circle/diamond) and color to suit their preferences.
Signal Table: A built-in table displays clear buy or sell signals when retests occur, ensuring that traders have all the necessary information at a glance.
Alerts: The indicator supports real-time alerts for retests, helping traders stay informed even when they are not actively monitoring the chart.
How to Use the Indicator
Select a Key Level Timeframe:
In the input settings, choose a higher timeframe (e.g., 4H or Daily) to define key levels.
The indicator will calculate Break of Structure (BOS) levels on the selected timeframe and plot them as horizontal lines across all lower timeframes.
Monitor Lower Timeframes for Retests:
Switch to a lower timeframe (e.g., 15m, 5m) to wait for price to approach the key levels plotted by the indicator.
When a retest occurs, observe the signal table and retest marker for actionable trade signals.
Act on Buy/Sell Signals:
Use the information provided by the signal table to make trading decisions.
For a buy signal, wait for bullish confirmation (e.g., price holding above the retested level).
For a sell signal, wait for bearish confirmation (e.g., price holding below the retested level).
Trading Concepts and Underlying Logic
The indicator is based on the Break of Structure (BOS) concept, a core principle in price action trading. BOS levels represent points where the market shifts its trend direction, making them critical zones for potential reversals or continuations.
By focusing on higher timeframe BOS levels, the indicator helps traders align their lower timeframe entries with the overall market trend.
The concept of retests is used to confirm the validity of a key level. A retest occurs when the price returns to a previously identified BOS level, offering a high-probability entry point.
Use Cases
Scalping: Traders who prefer lower timeframe scalping can use the indicator to align their trades with higher timeframe key levels, increasing the likelihood of successful trades.
Swing Trading: Swing traders can use the indicator to identify key reversal zones on higher timeframes and plan their trades accordingly.
Intraday Trading: Intraday traders can benefit from the real-time alerts and signals generated by the indicator, ensuring they never miss critical retests during active trading hours.
Conclusion
The "EBL – Enigma BOS Logic" is a powerful tool for traders who want to enhance their price action trading by focusing on key levels and retests across multiple timeframes. By automating the identification of BOS levels and providing clear retest signals, it helps traders make more informed and confident trading decisions. Whether you are a scalper, intraday trader, or swing trader, this indicator offers valuable insights to improve your trading performance.
