HorseShoe - At NalıHorseShoe - At Nalı
English
HORSEHOE FORMATION
It is actually a kind of bobbin. As with the bobbin, the needles of the candles are not taken into account much.The difference is that there are only four candlesticks in this formation. There is no limit to this in the bobbin.In addition, it is important which of the bars forming the bobbin is longer or shorter than which.is not. This is very important in a horseshoe. There is a rule for the length and shortness of the bars.Candlesticks in a horseshoe showing the bearish sequentially rising, falling, rising and repeatingin the form of falling bars. Also the lengths of the first and fourth bars, i.e. price opening andThe differences between the closing must be longer than the second and third bar. So those on the sideshould be clearly larger than the middle ones. For the rise, the bars are falling-rising-falling in order.The rising candle should be in the form of a bar. Likewise the first and last barsshould be longer than the middle ones.Of the first and fourth bars, it is better if the fourth bar is longer than the first.was the signal. But the fact that they are equal or the first one is long does not mean this formation. Attentionthe first and last bars that need to be beat are clearly longer than the middle onesrequired. A millimeter long means a very weak signal.
It is valid for every price and parity. But this is not a magic wand, so every horseshoemay not be the correct signal. Trend, Supdem, Correlation and other similar components are alsois involved, a highly efficient signal is formed. Well reviewed onexperience must be gained. More like an indicator to show the direction of the price rather than a signalshould be used.
Turkish
AT NALI FORMASYONU
Aslında bir tür bobindir. Bobinde olduğu gibi mumların iğneleri çok dikkate alınmaz. Farkı, bu oluşumda sadece dört mum çubuk vardır. Bobinde bunun sınırı yoktur. Ayrıca bobini oluşturan barların hangisinin hangisinden uzun ya da kısa olduğu önemli değildir. At nalında bu çok önemlidir. Barların uzunluğu kısalığı ve sırasında bir kural vardır. Düşüşü gösteren at nalında mum çubuklar sırayla yükselen düşen yükselen ve tekrar düşen barlar şeklindedir. Ayrıca birinci ve dördüncü barların uzunlukları, yani fiyat açılış ve kapanışı arasındaki farkları, ikinci ve üçüncü bardan daha uzun olmalıdır. Yani kenardakiler ortadakilerden net bir şekilde büyük olmalı. Yükseliş için ise barlar sırayla düşen-yükselen düşen-yükselen mum çubuk şeklinde olmalıdır. Aynı şekilde ilk ve son barlar ortadakilerden uzun olmalıdır. Birinci ve dördüncü barlardan dördüncü barın birinciden uzun olması daha güze bir sinyaldi. Fakat eşit olmaları ya da birincinin uzun olması da bu oluşumu bozmaz. Dikkat edilmesi gereken ilk ve son barların açık bir şekilde ortadakilerden uzun olması gerekmektedir. Milim farkla uzun olması çok zayıf bir sinyal olması anlamına gelir.
kaynak:
Price Action TR
[i]price
Relative Volume Force IndexThis indicator can anticipate the market movements. Its posible because it calculates how much force (volume) it's necessary to move the price up or down. If it's necessary a lot of volume to move the price a little it's a reversion signal, but if a little volume could change the price whit elevate volatility, it's signal of reversion too. The indicator plots red if the market is down, and green if it's up, the size and the color of the bars cand demonstrate the movement relative force. Does it by the configurable averages. Not works well whit poor liquidity.
dize Automatic Support and ResistanceHi Trader,
the "Automatic Support and Resistance" indicator is one part of our holistic approach to identifying trading setups. It is one of many indcators of our dize indicator package and should always be used in conjunction with the other dize indicators.
💡 What is the Automatic Support and Resistance indicator?
The "Support and Resistance" indicator calculates support and resistance zones based on our proprietary algorithm. It is a "Price Action" indicator where the market behavior is decisive. You can choose between 5 modes for the calculation of the respective zones - swing, volume point-of-control, price point-of-control, closing or average prices. Each mode builds a unique underlying dataset to calculate the support and resistance levels.
Note: The support and resistance level will be recalculated on each candle to keep them accurate. It can therefore repaint those levels or print new levels as time progresses. That is an intended feature.
💡 How to use it?
Looking at the settings, the "Depth" and "Resolution" parameter come into play, when you use the "Volume POC" or the "Price POC" mode. Please be aware, that the resolution should always be smaller than the selected timeframe displayed on your chart. The Depth parameter determines how precise the calculation for the volume POC and price POC levels will be. A higher number means smaller cluster and therefore more precise values.
The "Number of data points"-parameter can be used to specify how far the indicator should look into the history for calculating the zones. While the "Mode" decides how the underlaying dataset will be interpreted. Our calculation method is unique and therefore so powerful. Due to a continuous calculation, the indicator always shows the zones accurately, so that the zones have a great significance.
In addition to the settings for the calculation, there are also settings that affect the visualization. The display can be changed using the "Show Level" checkbox, switching between the "Level"- and the "Box"-mode. Based on the positioning of the closing price to the respective support or resistance zone, the indicator colors the zone using the colors specified in the settings.
Let's have a look how we can use the Suport and Resistance indicator to our advantage:
As you can see the price hit the displayed support and resistance level multiple times. The above example is one of many use cases for the power index indicator.
🔓 To gain access to this indicator, please read the signature field.
Zero Lag Detrended Price Oscillator (ZL DPO)This indicator attempts to create a zero lag Detrended price oscillator using 2 different scripts. I actually really like the results so far. I hope you all find it useful too.
Green>Red = long
Red>Green = short
The lines on the example chart are some of the signals that the indicator gave on default settings.
The greens are wins, reds are outright losses, and blues are "scratch" trades(signal for other side before hitting stop loss).
All of the signals tested were using NNFX money management to see if they are wins or losses(1.5x atr for SL and 1 Atr for TP).
Custom Price LineThis indicator lets you freely customize your price line. Choose between static or dynamic colors for falling/rising prices. In addition you can adjust the following:
Line style
Thickness
Length
Direction
It is also possible to mix different designs by using a single indicator.
Real IndicatorReal indicator is an indicator to convert ohlcv charts to one oscilator!
there is an effective thing in all charts: "Volume", and I used this thing to mix it by price
Buy: on crossing above to Bollinger-lower-band (on Up-trends)
Sell: on crossing under Bollinger-upper-band (on Down-Trends)
use an SMA-200 to determine trends ;)
VWAP OscilatorVWAP Oscillator - Awesome Oscillator but using different period Volume Weighted Average Price values instead of moving averages. Used to get an idea of the momentum of price movements and when momentum might be reversing.
MidWeekPlotMid week high and low Plotting , usefull for finding a mid range or Expiry range detail of High and low
VTrend - Volume ScriptThe Volume script is designed to help you trade the market more efficiently, giving you a lot of information to intrepret, based on volume calculations.
The fundamental part of the script, is the volume weighted bands in blue and red, which help determine the trend and dynamic support and resistance. The blue band is a shorter length than the red band.
When the blue band dips below the red band, this tells us there is a downtrend. And when the blue band is trending above the red band, this is bullish uptrend price action. You will be able to note price whatever the timeframe really respects these bands, and you can use that to your advantage flicking through the high timeframes on where price will go next, combined with your own support and resistance levels.
The other most important aspects are the bar colors and the colored bollinger band line. Whenever price action is above the blue band the bars are green, when closing within the blue band, they are orange to show possible resistance or support. Below the blue band the bars are red for downtrend price action.
When the bars are bouncing off the daily open, a key level for you to play off everyday and makes it easier to gauge what price is doing, the bars are colored purple to highlight this.
The bollinger band line serves to act as a trendline, to help identify where price is going combined with the information above in the short term, and allows you to pick entry points more finely. There are also two bollinger band clouds in the background, which are areas to look at reversal or support for. You can turn these off if you wish, as not to clog up the chart.
Next feature up, are the reversal signals, which also double as areas to take profit. The default are the diamond reversal plots.
Enabled by default also are the custom leledc exhaustion plots, the major signals are enabled by default, whilst the minor signals are not turned on and are very noisy by comparison, especially at low timeframes.
You'll notice in the screenshot below, there is a black MA, that is an adjustable Hull Moving Average included for determining shorter term trend movements combined with the bollinger band colored line, depending on your trading style.
The image below shows when both major and minor leledc signals are turned on.
Also we have circular colored plots showing different reversal calculations, you can use them as a guide and take profit areas. These are based on candle type, and i consider them noisy especially at low time frames.
The indicator is designed to give you key information, but be quite customisable as well to suit your exact trading style.
Recommended timeframes i use this on; Weekly (for key liquidity areas), Trading on the Daily, 6h, 4h, 2h, 1h, and 25 minutes.
(MACD-Price) Displaying MACD Indicators on Price Chartshello?
Although it is a simple indicator, I decided to disclose it because I thought it was a pretty useful (?) indicator.
** Others may have previously published indicators similar to this indicator.
** Please understand this.
** All charts or indicators disclosed are not guaranteed to result in profit or loss.
** Therefore, please use it as a reference for your own trading strategy.
(design purpose)
The MACD indicator is a secondary indicator and is located below the price chart.
Accordingly, it is not easy to check along with the price flow.
Therefore, the index has been reorganized to display important factors in interpreting the MACD index according to the price change.
(Metric Description)
- The center line of the EMA line corresponding to the MACD value and the signal value displayed in the MACD indicator is designed to receive the Close value or Open value among prices according to changes in the rise and fall.
- The color of the line displayed in the manner described above is designed to change color when the Histogram passes the zero point, so that you can check whether the current state is in an uptrend or a downtrend.
Uptrend: green
Downtrend: blue
(How to Interpret and Apply)
- Buy when the 'Buy / Sell line' of the MACD-P indicator is level and the color is green, and when it crosses the 'Buy / Sell line' upwards.
- Sell when the 'Buy / Sell line' of the MACD-P indicator is level and the color is blue, and when it crosses below the 'Buy / Sell line'.
% Price change (by OP)To visually evaluate the percentage change in price over any time period
This handsome indicator shows exact % price change at each candle by displaying a circle at the level of the change. To read numerical value, point at the circle of the relevant bar corresponding to the candle you are interested in, and look at the scale.
Unfilled GapsThis indicator displays gaps which have not been filled.
Notes:
- It shows only the unfilled gaps.
- You can edit the style and color of the gap lines.
- It will not work on charts with huge number of candles or gaps.
- It's based on someone else script which is mentioned in the code comments.
Capeya Bar ColorColor bars based on price and volume.
Volume can be set dollar denominated.
Change can be set close to close.
Volume can meet a threshold.
Color is bullish if the change is positive & bar's volume is greater than previous bar's volume.
Color is bearish if the change is negative & bar's volume is greater than previous bar's volume.
Correlation of Price Spread and VolumeCorrelation between candle's price spread (length of candle of each bar) and volume.
Generally, increases in volume precede significant price movements. However, If the price is rising in an uptrend but the volume is reducing, it may show that there’s little interest in the instrument, and the price may reverse.
The closer the correlation is to 1.0, indicates the instruments will move up and down together as it is expected with volume and price spread. So the correlation Indicator aims to display when the price spread and volume is in correlation and not. Blue color represent positive correlation while orange negative correlation. The strength of the correlation is determined by the width of the bands.
Opening Range-Price Action IntradayThis combines Opening Range of 15 min and Price Action in one script. Crosses are marked on candles for upside and downside. Break of High/Low of cross marked candles gives direction of market.
Heatmap WatchlistThis is a Heatmap for custom watchlist tickers. Similar to S&P500 Heatmap .
Add up to 20 tickers.
Check higher timeframe from a lower timeframe.
Check previous candle for any timeframe.
Switch on/off "Price%" and/or "Volume%" heatmap.
Financial GrowthThis indicator will acquire the financial data provided by Tradview.
the data is compare between Quarter, Annual and TTM in term of percent of growth.
YoY, QoQ and CAGR is also available by this script (The minimum is 4).
in addition, ploting of data, label and table also available (you can check the mark to toggle on / off).
Data : Revenue, Net Income, EBITDA, EPS, DVPS, Free Cash Flow and Forward PE .
How to use it.
just select the financial data, period and size of data to compare.
you can check the box to toggle the plotting line, label and table.
Enjoy.
Price/Time CyclesThis is a script for laying out cycles of price & time that are square (though you can adjust the ratios)
There is an "Auto-cycle" option also
You may have to adjust the ratios of both time & price in different ways to get the right settings but you can experiment
Limit the amount of price lines you are displaying otherwise you may get some errors in the information plotted
(the script says max 10 but really there is no true maximum set & you will get missing information as it begins to plot too many lines... I'll try to define this in the future)
Remember you can put down multiple cycles & change the styling.
FOR LINE STYLE- please use this syntax:
Solid Line = sol
Dotted Line = dot
Dashed Line = dsh
(I'll try to setup options for that in the future)
You can lay cycles into the past using the horizontal offset tool but there is a limit of setting the info back beyond 5000 bars, also, generally this process is a bit funny
The script can only put vertical lines up to 500 bars into the future. So, although cycles of 500 bars or more can be used, the future bar will not be plotted until it is within 500 bars of the current bar. In other words, doing very long-term analysis or trying to lay higher timeframe bar counts onto smaller timeframes might not work & may be a buggy process
Detrended Synthetic Price [CC]The Detrended Synthetic Price was created by Bill Mars and this indicator is another undiscovered gem that I have found very useful. He obviously took inspiration from John Ehlers in the creation of this indicator and I would describe this indicator as a combination of a MACD and Ehlers work. This indicator is extremely smooth and gives very clear buy and sell signals. Let me know how this indicator works for you. I have included strong buy and sell signals in addition to normal ones so strong signals are darker in color and normal signals are lighter in color. Buy when the line turns green and sell when it turns red.
Let me know if there are any other indicators or scripts you would like to see me publish!
Failed AuctionAs we know, buyers and sellers take part in the market auction.
A failed auction is where price could not tick above or below a specific price. This means that there were no buyers willing to buy or sellers willing to sell beyond that price. Price then moves away in the other direction.
The failed auction acts as a magnet and becomes a target to revisit sooner or later. The failed auction is a successful/finished auction once it has been satisfied.
On the indicator, two adjacent candles with the exact same high or low are marked. The icon will appear on the high or low of the 2nd candle. This notifies us that there was a failed auction.
If you are in a trade, you can use the failed auction to hold onto the trade longer. If you are not in a trade, you should be cautious if a failed auction rests above or below you limit order.
Icons and colours are customisable. An option to have plotted lines for the failed auction is included.
Works on all timeframes.
GT - Recent High/Low█ OVERVIEW
This indicator will help traders identify the recent high and low of the current trend so we know where we are in the trend. If recent high/low broken it could be that the trend is changing. This indicator is based on price action.
█ HOW IT WORKS
Basically, a trend is when the prices move up and down in a stair-step fashion. In an uptrend, The indicator keeps track of the up and down movement and remember the last high and once the price pull back and broke the recent high it will mark out the new high. When prices pull back in and uptrend it must not broken the recent low. If the pull back move broke the recent low it could means that the trend is changing and we could see prices start going down. Downtrend is the reverse of uptrend.
Whenever the price broke the recent high or low the script will go back from the candle that broken the previous high to find the recent low. As long as the high of previous candle is lower than each other consecutively backward, all of those candle will be counted as part of the up move. The lowest low of these candles will be counted as the recent low. If one of the candles that are part of the up move is an inside bar then the recent low is the low of that inside bar candle (for downtrend it will be the high). Inside bar candle is a candle that it's high and low are both inside the high and low of the candle preceding it (to its left).
█ DISCLAIMERS
The content of this post is NOT investment advice and I am not a financial advisor.
This is for educational purpose only.
Always do you own research. Do not blindly trust a random stranger online.
█ HOW DOES IT HELP YOU
Moving the recent high and low every time a candle break out is a very tedious job. Plus, you cannot set an automatic alert system whenever price broke a recent high or low. This indicator allow you to create an alert whenever a recent high or low is broken.
You can use this indicator as a trailing stop loss strategy. Move the stop loss of your long position to the recent low level whenever price broke recent high or move the stop loss of your short position to the recent high level whenever price broke recent low.
The bullet line is the minor recent high or low before the prices broke the major recent high/low. This line could be the level where prices touch before continue with the trend.
█ TRADING IDEAS
Based on how a candle broke the recent high or low, if it breaks impulsively you can develop your strategy to trade the pullback and hoping on the trend before it continue to move up or down.
█ CURRENT FEATURES
Recent high/low.
Previous high/low.
Inside bar marker.
Alert for when high/low broken. Configurable message format either in JSON or plain text, useful when using with webhook alert.
Bullet line (trend continuation line).
Toggle switch to redraw in realtime. CAUTION: this will cause repainting and alert will fire multiple time during a real-time bar.
█ NOTES
- I am very new to pine script. So there could be a way to handle the alert in realtime to not fire multiple time, Once I found a way I will update the indicator. However, redrawing in realtime will definitely cause repainting of high/low or bullet line, as far as I know this cannot be fixed because it is how pine script compiler works.
- If you like the indicators and it helps you please be sure to leave a like.
█ CREDITS
This indicator is made by me but the idea is inspired by Guerrilla Trading course. Which is why this indicator is closed-source. Guerrilla doesn't support the use of indicators and they believe in mastering reading candle sticks using price action on a naked chart. However, I'm a visual learner, I do my due diligent in backtesting and learning how to read the chart. I think that a little help with indicator to smooth my learning curve or make it easier to identify important level is very useful.
!IMPORTANT!: If you are a member of Guerrilla please do not advertise this indicator on their forum as they do not support the idea of using indicators.
While using the indicator if you found any bugs or the lines draw incorrectly please report it directly to me by leaving a comment or message me directly. Do not report the bugs of this indicator to Guerrilla Trading as this has nothing to do with them and they are not the maintainer.
If you are not a member of Guerrilla but you are considering joining Guerrilla Trading. You can support me out by using my affiliate link in my Signature . Thank you very much!
█ CONTRIBUTE
If you are a developer and a member of Guerrilla and you would like to contribute to this indicator please message me.
Silen's Financials Fair ValueIt is finally here! 🔥 My 3rd and most important script in my Financial series! 🚀
Ever imagined to see all fundamentals (or many that is) combined into one indicator that is right on your chart, showing you how your favorite stock is trading compared to its fundamentals?
Well, here is your answer! 📡
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This script shows you my own personal interpretation of fair value, based solely on the financial fundamentals of a company compared to market averages.
I don't believe that certain sectors of the market should be priced higher than others. If you look at historical data you'll see that favored sectors always rotate - placing insanely high P/E multiples on some sectors. Once they are "out" and people rotate away from those sectors you're left with nothing but the naked fundamentals that matter. So, you'll see many companies, that have been doing well on paper, see their share price decline by 70-90% for no other reasons than people favoring other sectors.
That's why it's even more important to focus on fair value that is solely fundamentals-based. Know when your stock gets to expensive. 🤯
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To give you some examples:
- Most Megacaps trade at historically high valuations, several times my fair value. Those include AAPL, MSFT, NVDA, AMZN, TSLA, JPM, TSM, V and so on. And no, in the past they partially traded below (my) fair value.
- Most Cybersecurity / Cloud companies are trading at truly massive multiples of my fair value. (NET, DDOG, etc)
- Many Smallcaps & Midcaps are trading several multiples (OESX, CODX, QFIN) below my fair value. And no, in the past they partially traded above (my) fair value.
Ok, so much about the market. You ultimately decide how much you want to orientate on fair value. 👨🏫
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This fair value indicator (purple line):
Takes the P/E rate of the company and compares it to the market (50% weight)
Takes the P/S rate of the company and compares it to the market (50% weight)
Then adds boni and mali f or debt/equity rates and debt and equity itself
Also looks at past growth and calculates future P/E and P/S rates which adds , in some cases, value to the fair value (green line)
Also compares how historical valuations have behaved compared to fair value and simulates a fair value guideline (dark blue line)
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This script is part 3️⃣ of a series of indicators that work well together.
Script 1️⃣ of the series is:
P/E & P/S Rates
Script 2️⃣ of the series is:
Debt & Equity
If you use all 3 scripts together it will look like this, giving you truly deep and simple information about the fundamentals of a company:
Example 1 - AMD
Example 2 - HZO
Example 3 - APPS
I hope this script makes your investing and stock picks a lot easier! 🔆💹🕗
Disclaimer: Fair value is always subjective. There are many different approaches to fair value. This one is only my personal interpretation.
Disclaimer 2: This script works only for the Day-Timeframe.
Disclaimer 3: This script uses 17,5 P/E and 3,0 P/S as market averages. The actual average keeps changing but, historically speaking, these seemed to be good numbers.
Feel free to share your thoughts and feedback! 🙃
[DisDev] Market Maker | Technical Time AnalysisThis indicator has three main components: Days of Week Separators , User-Customized Reminder Notes , and Projected Lines . Each component is explained and demonstrated how it could be used as a trading tool.
The basis of this indicator is to analyze past price movements and then project them as a reminder for traders that previously, at that particular time, there was a price increase/decrease.
1) Vertical lines and labels separate days of the week.
a. The vertical lines allow you to quickly see what day of the week the price movement occurred. For example, if a notable price move happens on Monday, you can use the “Reminder Notes” input to enter a note directly on the chart, as explained below.
b. You can select different colors and styles for the lines or background.
2) Vertical lines can be customized to be displayed in the past and future.
a. This allows you to select a specific time when price has increased/decreased, see how often this has occurred, then notate it as a reminder in the future.
3) User-customized reminder notes for future projected lines.
a. This allows you to input notes to be displayed with the future projected lines.
b. Example: You notice that at 06:45, there had previously been significant price action. Your notes can be updated directly on the chart to remind you of them just before 06:45 on the following days.
Below is the indicator in full use.
You can adjust each line's style, width, color, and reminder notes.