NEXT Trend Delta Moving AverageOverview:
Trend Delta Moving Average (TDMA) is a composite moving average, driven by an algorithm that tracks real-time trends in price, volume, and various changes (delta) between the two. TDMA is low lagging but filtered (smoothed) MA type, with a sometimes predictive slope (via price divergence). This indicator allows you to plot one or two TDMA lines, as well as their crossovers, expressed in the form of long/short signals.
NASDAQ 100 Futures ( CME_MINI:NQ1! ) 1-minute
This Nasdaq futures example shows both TDMA lines and their crossover signals.
Tesla ( NASDAQ:TSLA ) 1-minute
If you trade price / MA crossovers or use moving averages as part of a broader trading system, you have the option of displaying a single TDMA line without any crossover signals (arrows) by ticking Plot TDMA1 Only checkbox and unticking Plot TDMA Crossovers . Great for breakout stocks like TSLA.
TDMA vs Other Moving Averages
We spent a good amount of effort developing and differentiating Trend Delta Moving Average (TDMA) from other moving averages. We wanted a responsive MA algo that considered price and action, and that incoporated user-controlled lagless filtering (smoothing). Below is a comparison between TDMA (purple) and several popular MA types, including Exponential (blue), Simple (red), and Hull (teal). All MA lengths set to 50.
Lagless Smoothing
You may use the Trendiness input parameter to control the amount of smoothing applied to individual or both TDMA lines. Lower values (emphasis on more recent trends) produce vertically tighter slopes, with TDMA following price action more closely, while higher values (emphasis on more longer term trends) relax the slope, without introducing horizontal (time) lag.
Input Parameters:
Length TDMA1 - length of the first Trend Delta Moving Average (TDMA)
Length TDMA2 - length of the second TDMA
Trendiness TDMA1 - the amount of trend weighting added to the first TDMA line (lower = more recent trend, higher = longer term trend)
Trendiness TDMA2 - the amount of trend weighting added to the second TDMA line (lower = more recent trend, higher = longer term trend)
Source - data used for calculating the MAs, typically Close, but can be used with other price formats and data sources as well.
Offset - shifting of the TDMA lines forward (+) or backward (-).
Plot TDMA1 Only - when checked, will only plot a single TDMA line (TDMA1)
Plot TDMA Crossovers - when checked, will plot an up arrow (long signal) when TDMA1 crosses over TDMA2, and a down arrow (short signal) when TDMA1 crosses under TDMA2.
Alerts
Here is how to set price crossing TDMA1 (or TDMA2) alerts: open a TradingView chart, attach NEXT Trend Delta Moving Average (TDMA), right-click on chart -> Add Alert. Condition: Symbol (e.g. NQ) >> Crossing >> NEXT Trend Delta Moving Average (TDMA) >> TDMA1 >> Once Per Bar Close.
Breakout
Trendlines with Breaks [LuxAlgo]The trendlines with breaks indicator return pivot point based trendlines with highlighted breakouts. Users can control the steepness of the trendlines as well as their slope calculation method.
Trendline breakouts occur in real-time and are not subject to backpainting. Trendlines can however be subject to repainting unless turned off from the user settings.
The indicator includes integrated alerts for trendline breakouts.
🔶 USAGE
Any valid trendlines methodology can be used with the indicator, users can identify breakouts in order to infer future price movements.
The calculation method of the slope greatly affects the trendline's behaviors. By default, an average true range is used, returning a more constant slope amongst trendlines. Other methods might return trendlines with significantly different slopes.
Stdev makes use of the standard deviation for the slope calculation, while Linreg makes use of the slope of a linear regression.
The above chart shows the indicator using "Stdev" as a slope calculation method. The chart below makes use of the "Linreg" method.
By default trendlines are subject to backpainting, and as such are offset by length bars in the past. Disabling backpainting will not offset the trendlines.
🔶 SETTINGS
Length: Pivot points period
Slope: Slope steepness, values greater than 1 return a steeper slope. Using a slope of 0 would be equivalent to obtaining levels.
Slope Calculation Method: Determines how the slope is calculated.
Backpaint: Determine whether trendlines are backpainted, that is offset to past.
Nearest Percentile Moving Average BandsWhile coding some filters into another indicator for Long/Short I noticed that ta.nearest.percentile might be the most useful tool in pinescript I've ever encountered.
While percentile_nearest can be used for all kind of things I decided to code moving averages from it and made bands for bottom percentage and top percentage.
The indicator will calculate the top % price of the given bar length.
Example settings:
length: 150
percentile: 99
So when using 99% it will draw a green line when price is moving above the top 1% price of the last 150 candles. It then calculates if the price is below the bottom 1% of the last 150 candles.
Trading use:
Use this indicator to check if the market is leaving normal territory. This signals a breakout move for example the dogecoin pump or the top of the range. I use this indicator to catch bull/bear moves for botting purposes. An other use would be to countertrend trade after the move has ended. With price being in top 1% for a while it is very probable that we see a large correction.
Below example of dogecoin pumps:
Multi-Purpose All in One [SignalCave]Multi-Purpose All in One Indicator Functions
1) Technical Analysis, Technical Ratings
2) Pivots, Primary & Secondary Trends
3) Swings, Engulfs, Golden & Death Crosses, Price Squeezes, Pullbacks, Breakout & Breakdowns, Volume Rushes
4) Momentum Strength
1) Technical Analysis, Technical Ratings
Technical analysis display real-time ratings. It based on the most popular technical indicators such as RSI, Stochastic, CCI, ADX, AO, Momentum, MACD, Stochastic RSI, Williams %, Ichimoku Cloud, SMA, EMA, VWMA and HMA.
Technical analysis is a built-in function on TradingView. You can access any asset’s technical analysis page and see it’s performance in real time.
"Multi-Purpose All in One" indicator brings this function into your TradingView charting screen. Indicator allows you to see the same output without visiting any external web page in TradingView. Indicator also works on every timeframe and asset class.
Technical Ratings is a technical analysis tool that combines the ratings of several technical indicators to make it easier for traders and investors to find profitable trades.
Technical Ratings can be a valuable technical analysis tool for many analysts or traders. Many traders use a selection of complementary indicators to make better decisions. Technical Ratings simplifies this task by combining the most popular indicators and their signals.
2) Pivots, Primary & Secondary Trends
Helps you to identify primary and secondary trends and potential support/resistance zones.
Trend detection have three modes which are “Aggressive, Moderate and Conservative” . You can customize the mode on settings screen.
3) Swings, Engulfs, Golden & Death Crosses, Price Squeezes, Pullbacks, Breakout & Breakdowns, Volume Rushes
A swing low is when price makes a low and is immediately followed by consecutive higher lows. Likewise, a swing high is when price makes a high and is followed by consecutive lower highs.
Swing Failure Pattern (SFP) is a type of reversal pattern that can be used as buy or sell signals.
Engulfing candles tend to signal a reversal of the current trend in the market. This specific pattern involves two candles with the latter candle 'engulfing' the entire body of the candle before it.
On this indicator, bullish engulfs visible only on downtrend and oversold conditions. Bearish engulfs visible only on uptrend and overbought conditions.
The death cross and golden cross are technical analysis terms for when a moving average (MA) intersects with another from either above or below.
The cross, depending on which it is, can signal the start of a new trend or the end of one.
Squeeze signs signifies low volatility, market preparing itself for an explosive move up or down direction.
Bullish Pullbacks are widely seen as buying opportunities after an asset has experienced a large upward price movement. Most pullbacks involve an asset's price moving to an area of technical support , such as a moving average, before resuming their uptrend.
Bearish Pullbacks are widely seen as selling opportunities after an asset has experienced a large downward price movement. Most pullbacks involve an asset's price moving to an area of technical resistance , such as a moving average, before resuming their downtrend.
A breakout refers to when the price of an asset moves above a resistance area, breakdown refers to when the price of an asset moves below a support area.
Breakouts/breakdowns indicate the potential for the price to start trending in the breakout direction.
For example, a breakout to the upside from a chart pattern could indicate the price will start trending higher.
Volume rush signs appears when the trading volume increases more then a usual period. It can be useful with combining breakout signals as a confirmation.
4) Momentum Strength
Momentum Indicator helps you to identify potential reversal areas .
Calculation done with using Relative Strength Index (RSI), Money Flow Index (MFI) and Average Directional Movement Index (ADX) indicators.
On full strength bearish movement bars paints as light red , full strength bullish movement bars paints as light green color.
They indicates that trend can be change to opposite direction in a short period of time.
Momentum Strength have three modes which are "Aggressive, Moderate and Conservative" . You can customize the mode on settings screen.
Boom Hunter XLBoom Hunter XL is a professional trading tool designed to expose perfect entries and incredible exits. This complete ground up rebuild of Boom Hunter Pro is an absolute essential for any professional trader or anyone serious about trading. Boom Hunter XL includes many upgrades to the Pro version such as volume pressure analysis, improved pressure dots, two new support and resistance lines and volume breakout detection. It also has options to display current volume and average volume it the top right corner.
A new and improved Volume Pressure Analysis exclusive to Boom Hunter XL can be turned on or off in the settings. This provides relative volume information highlighting anomalies and key movements. It also shows volume pressure. Sometimes when crossing a support or resistance line it takes a lot of volume to move price just a little. When price action crosses or bounces off a SR line it requires very little volume to move the price a lot. What this means is traders can visually see price action getting pulled in or pushed away from a SR line. The current bar shows live directional pressure. Volume pressure is used to confirm entries and continuations.
Red wave is the main support resistance line dictating short term trend direction. Enter trades after the oscillator crosses through or even better with pressure dots or volume pressure. If the oscillator is above the red wave it is an up trend and if it is below its a down trend.
The gray wave shows medium term support/resistance and general trend. This line is much harder to cross. Price action can easily bounce within this wave or get rejected.
The strongest SR lines are the top and bottom gray lines. The resistance line will bottom out under pressure and expose a low point. Likewise the support line will roof and expose a high point.
When there is extreme pressure the gray line will drag. This signal suggests that price action will will pullback and retest and push again. Avoid entering trades in these moments as the true bottom/top has not been exposed. Following price action along longer timeframe charts will help find the true low/high.
Tracking traditional patterns makes it easy to find the next breakout and direction.
Bear patterns
Bull patterns
Volume breakouts
Drawing support and resistance lines
Example of some of the signals:
Volatility Funnel v2Using the contracting phase of what are basically bollinger bands and some fancy coloring, this indicator draws funnels to which show tightening ranges and doesn't take up too much screen space unless you want it to.
There is a smoothing option if you're into that.
Enjoy!!!
EMA MTF PlusI like trading the 1 minute and 3 minutes time-frames. I'm what is commonly called a "scalper". Long term investments yes, I have some, but for trading, I don't have neither the time,
nor the patience to wait hours or days for my trade to be complete.
This doesn't mean I discount the higher time-frames, no, I actually rely heavily on them. I found that EMAs do a decent job as support/resistance, sometimes to a tick level of precision. And this is important for a 1 minute trader.
As such, I made this script that tracks the higher time-frames EMAs and displays the last value as a line.
I do not need the whole EMA, I'm not interested in crossovers or crossunders, these are anyway late signals for me.
What's with the triangles? These are local tops/bottoms , candles that have a have decent size of the wick. These tops and bottoms are by no means "final", they are merely a rejection at certain levels of price. Due to markets complexities (and human erratic behaviors hehe) these levels could be breached at the very next candle. For a more "final" version (nothing is really final but..) I added Schaff Trend Cycle as filter, so a triangle will pop only when a trend is mature enough ( STC with a value near 0 or near 100).
Colored bars. When the body of the candle is big, it shows strength. Strong bars tend to have follow through, especially when breaking key levels. The script looks at the body of the candle and compares it with ATR (Average True Range), if it's at least 0.8 of ATR it changes the bar color to yellow (bull candles) or fuchsia(bear candles).
Range identifier. This code is copied from Lazy Bear (if there are any issues please let me know), it's very useful in conjunction with colored bars.
I look for breakout candles that go outside of the range as a signal for a trade.
There are many ways in which this script can be useful, like trading mean reversions or momentum trades (breakouts) or simply trend following trades.
I hope you guys find it useful, you can play with default values and change them as you like, these are what I found to be working best for me and my trading universe (mostly crypto).
Special thanks for the original work of:
LazyBear
everget
Jim8080
Stochastic ChannelsDonchain trend following system with overbought/ oversold areas inspired by stochastic. Multiplier to get non repainting HTF capability. features a smoothed price as well as moving average of the smoothed price, also inspired by the stochastic indicators %K and %D. This and slow stochastics compliment each other nicely.
%D line colored by direction.
Filled color areas represent overbought/oversold.
Shows breakouts as well as giving targets and entries in rangebound markets.
SMART4TRADER - BREAKOUTThis indicator shows the breakthrough of extremes for the selected period. The default period is set = 3
The indicator checks on the current bar whether the maximum or minimum prices for the selected period are broken
----------------
Данный индикатор показывает прорыв экстремумов за выбранный период. По-умолчанию выставлен период = 3
Индикатор проверяет на текущем баре пробиты ли максимальные или минимальные значения цен за выбранный период
Volume Bar Breakout and Breakdown IndicatorVolume shows strength of a movement and highest volume shows the region that pushed price to certain extent with full strength. Breakout or Breakout of the highest volume bar range shows continuity further push by sellers or buyers indicating a trend continuation for a small period if not for long duration. Entries can be taken once signal is generated with stoploss as recommended.
Guidelines:
Don't trade if range is too large
Don't trade if Breakdown or Breakdown candle body / range is too large or if there is high volatility
Use additional indicator to get the idea of overall trend analysis
TradeChartist Mean Momentum Drift Bands (MMDB)™TradeChartist Mean Momentum Drift Bands (MMDB) is a Momentum indicator that plots a Mean Momentum line (calculated automatically from sample means of many lookback periods decided by the script logic) and Upper/Lower Drift Bands (calculated using standard deviation). The script helps spot price volatility, Oversold/Overbought zones and also generates high probability breakout signals without any user input.
===================================================================================================================
Features of ™TradeChartist MMDB
==============================
Momentum Mean and 4 upper/lower Drift bands.
No User input required.
3 Visual colour schemes - Chilli, Flame and Custom.
MMDB table that shows asset's price, RSI and values of Mean & Upper/Lower Drift bands
Breakout Signals (Bull and Bear arrows) based on price closing above or below the 1st Drift Band.
Overbought and Oversold zones.
Colour Bars based on Momentum strength.
Alerts for Bull and Bear Breakouts ( Once per bar close to be used).
===================================================================================================================
Example Charts
1. MMDB used along with ™TradeChartist MMDO (Mean Momentum Drift Oscillator) on 4hr chart of BINANCE:BTCUSDT
2. MMDB on 4hr chart of OANDA:XAUUSD
3. MMDB on 1hr chat of OANDA:SPX500USD
4. MMDB connected to ™TradeChartist Plug and Trade on BINANCE:LINKUSDTPERP
===================================================================================================================
Note: The script doesn't repaint, so the alerts can be used with confidence. To check this, users can do bar replay to confirm if the plots and markers stay in the same place.
===================================================================================================================
Best Practice: Test with different settings first using Paper Trades before trading with real money
===================================================================================================================
Open Range Breakout With Take Profit Zones
Open Range Breakout With Take Profit Zones prints the open range and profitable zones based on the high and low during the opening hours.
This indicator can be used to prepare breakout trades following the OPR strategy. The time window for the open range as well as for the market hours can be configured. Also custom alerting templates allow to create alerts when a breakout out of the opening range occurs or when 50% take profit level is reached.
The background of pre and post market hours is coloured according to the configured time windows.
This indicator was written to support scalping and day trading. It does not calculate or display results on hourly, daily or weekly charts.
The open range and trading hours must be adjusted to the market time zone of your instrument. Also please take care that these settings are saved on the layout and not per instrument. Eventually create multiple layouts for instruments with different market time zones.
Bjorgum Key Levels
Key Levels Aims to capture 3 of the most significant points in price action
Breakouts
False Breakouts (Traps)
Back Checks
These 3 points alone, if properly identified, can be some of the most significant points of movement in the price history of an asset and bring significant gains to traders, if capitalized on. Here are a few examples of these setups
Breakouts
Breakouts can bring significant rallies as the market swings one sided after key levels are breached. This entry type can bring large trending runs to follow. Momentum is on your side, but the trade off is a higher entry.
False Breakouts
Also known as a bull trap or a bear trap, false breaks can lead to swift and significant reversals and potential for a large and sudden move to the opposite side. When a key level breakout fails to hold, parties entering to capitalize on the "epic breakout" can get left holding the bag forcing them to exit at a loss, which can double the force of pressure. Traps can bring swift gains from good entry prices. However, price is still in a larger trend against you so momentum is weak, so price action is susceptible to roll over.
Backchecks
Back checks are pull backs in trend that find middle ground to the 2 areas already described. Both momentum and entry price are decent, but risk is defined as a key level has flipped offering entry with stops below demand, or above supply.
Combining these 3 methods helps to diversify risk, understand trend development, and bring steady gains. This script helps to identify these points to traders with analysis of key levels, price structure, and trend direction, while providing visual signals and alerts for when they occur.
Best of luck in your coding and trading and thank you for your support
Pivot Support & ResistanceHere signals are based on the pivot high and pivot lows. Factors taken into account in understanding the breakout or breakdown are:
volume
candle bar is not opening candle
must be near pivot high or low
Recommendation:
Use once candle closes else you might get trapped in certain cases so be careful
XBrat Range Breakout - Defining Ranges & The Trading BiasxBrat Range Breakout
Designed to help define opening ranges of major markets, along with Gold Pit opens, Oil Pit opens and for major economic data points. We recommend timeframes for opening ranges on different type of instruments further down this description
There are 6 range data points available, 4 of which are pre-defined (but can be adjusted and renamed) and then 2 spare for those important data points. All the times and label names can be adjusted.
4 Pre-Defined Openings are:
Europe Gold Pit Open (8am Europe time)
London Stock Exchange Open (9am Europe time)
New York Gold Pit Open (8.20am EST)
NYSE Open (9.30am EST)
The range is defined by a parallel coloured cloud which changes colour depending on the BIAS of the opening range, calculated automatically for our users. At the same time the Open Tag is also coloured to help identify the BIAS and indeed which direction traders should trade the Range Breakout after the first candle has closed. The range BIAS continues to be drawn on the chart until the following days open. The colour will change as per the BIAS of that opening range. This allows for multiple entries of breakouts of the defined range throughout the following 24 hours.
Range Breakout BIAS Colours
Green - Bullish BIAS - When first candle has closed only look for breakouts to the upside
Red - Bearish BIAS - When first candle has closed only look for breakouts to the downside
Yellow - Neutral BIAS - When first candle closed, look for breakouts to both upside and downside or best not to trade the breakouts as neutral BIAS indicates indecision
Time Frames we suggest for open ranges of any market open or data points are:
Metals & Energy Futures or CFDs - 5 minute time frame
Currencies - Forex Pairs or Futures - 10 minute time frame
Index Futures or CFDs - 15 minute time frame
Beakdoo swing trading boxHi forks,
I'm trader Baekdoosan who trading Equity from South Korea. This Baekdoo swing trading box indicate good buying position when it crossover the box.
Here's the ideas
1. It needs to crossover 1 month highest value and higher than 5 ema and 20 ema line
2. It also needs to crossover 1 month volume as well
3. Once 1,2 soaring candle emerge, it needs to correction time
4. 5 ema or 20 ema or center candle's 2/3 point x 0.95 (5% lower) would be the resistant line
5. center candle's 2/3 point line would be the buying point (you may can trade when it cross over
you can check above example chart and take a look what you have interested in.
hope this will help your trading on equity as well as crypto. I didn't try it on futures . Best of luck all of you. Gazua~!
FindAlphas_Volume
Hello traders,
As you know, in trading two things are important: Price Action and Volume. When a stock is bullish and there is support with the volume, it is a good thing. Sometimes a stock will be accumulated before anyone gets to know about it. A slight increase in the volume might not get noticed, unless the volume is calculated to check for an increase. The script will calculate each volume bar in real time and will compare it to the previous bars. If there is a significant increase in the volume, it will be spotted, and the color will change to inform the trader.
There are couple of user input fields for modifications.
1- The lookback period. Default is set to 20, but could be changed from 10 to 50. This will affect how the script is going to calculate the abnormality in the volume.
2- The other one is to see the volume as a histogram or not.
3- Volume color
4- Alpha Volume color
5- Histogram color
I hope you will find it useful
HAP Auto Trend Line [PRO]Hello Traders!
The trend line is among the most important tools used by technical analysts. Instead of looking at past business performance or other fundamentals, technical analysts look for trends in price action. A trend line helps technical analysts determine the current direction in market prices. Technical analysts believe the trend is your friend, and identifying this trend is the first step in the process of making a good trade, and it can tell Support/resistance is very good.
But when drawing Trend Lines, sometimes we're not sure where to start. From where is the starting point? And sometimes it can be drawn multiple lines with different support/resistance lines over time. This itself can be confusing, so I tried to create a tool that allows it to draw lines automatically. According to price movement.
Let's take a look at the variables you need to understand from our indicators.
For this indicator it works in two main parts:
Section of Trend Line
Trend Reversal section
Therefore, these two parts have separate functions. To be used as a component for easier decision-making.
Trend Line, as I said before, what it is. Next is Trend Reversal. I will simply say it is. A period of time when the candle tries to pump and dump. This will help point out the potential price reversal. And if there is a trend line area, it is an interesting point to consider. To identify possibilities.
Some variables from the settings page
Number of Bars to Check : It is the number of past candlesticks to consider. To identify the start of the Trend Line, if it meets the condition, it will automatically draw the Trend Line for you.
Trend Line Depth : It is the frequency. Of identifying the starting point Trend Line. If the value is large, it will find a low Trend Line, and if it is low, it will find more Trend Line. This is flexible. So you have to try it yourself. On demand.
Overview
You can turn it on or off. Support/resistance position either.
Select Emoji Support/resistance. Freely
Line style you want
your favorite color
customizable line intensity
the script is fast enough to run on 1sec chart:
fun !
Volume TrendsThis script provides clear volume trends on any time frame. You set a long term volume trend moving average (ex 100 periods). A shorter term MA of your choice (10 in this example) will oscillate above and below based on the standard deviations of its current value relative to the long term #.
Similarly, large volume bars are plotted in terms of st dev above the long term MA.
Very useful in spotting capitulation bottoms and/or blow-off tops.
Fibonaci Opening Range Candle
Fibonacci Opening Range it is 50% and 0.61% of 5 min or 30min or 1 hour opening candle
search buying opportunities below 0.61
and selling opportunities above 0.50
Also acts as good support and resistance in intraday
BEST RESULTS IN INDEXES
Thanks & Best Regards
Marella Ganesh
Volume Breakout (ValueRay)Easy visuals on, if volume is way over average. Good for Mean Reverting. Higher Volume tends to higher breakout chances.
Please whisper me for for ideas how to make this better. Its a very simple script, but got some alpha. If you know how to improve, let me know and i will code it into.
Recent High/Low Dots by Alejandro PSimple indicator that plots a dot in the chart when a candle breaks the high of the past X candles.
This is useful to easily visualize when the market is coming out of a range and making fresh highs or lows relative to the past X candles.
It can be used in trend following systems as an additional filter for validation.
Roc Mean Reversion (ValueRay)This Indicator shows the Absolute Rate of Change in correlation to its Moving Average.
Values over 3 (gray dotted line) can savely be considered as a breakout; values over 4.5 got a high mean-reverting chance (red dotted line).
This Indicator can be used in all timeframes, however, i recommend to use it <30m, when you want search for meaningful Mean-Reverting Signals.
Please like, share and subscribe. With your love, im encouraged to write and publish more Indicators.
