[k4d] DCA SniperFrench text below / Texte en Français plus bas
TL;DR
DCA Sniper is an indicator that tells you the perfect time to do DCA, the bottoms areas are indicated by red bars, the buy signal is given when a yellow bar appears.
"DCA Sniper" aims to help you make DCA (Dollar Cost Average) smarter.
Instead of buying your cryptos at a regular rate, this script will send you an alert at an opportune moment when the prices are touching, or are close to, a bottom.
The script works on several time intervals, the smaller the interval the more signals you will get...
so you can try with several time slots and choose the one that gives you the best signals for your strategy.
How to use this indicator
The indicator scans the price evolution in real time and displays grey bars
When it detects a potential bottom, the bars become darker
When the bottom is near, the bars turn red
Finally, when a potential bottom is detected, a yellow bar is displayed => it's time to buy
Warning:
Since the indicator works in real time, a bar can change color as long as the current candle is not closed. A yellow bar may very well turn red and thus cancel the signal. So wait for the close before making a decision.
Settings
This version of the indicator has only two settings:
Use Candlesticks filter: If this box is checked, the script will try to eliminate false signals based on candlestick patterns.
Use LinReg filter: If this box is checked, the script uses the "LinReg length" value to apply a linear regression and filters out all bottoms that fall within a standard deviation of the linear regression.
Before using DCA Sniper
This indicator was not developed for trading, although it can give good potential entries.
If you use it for trading, please manage your risk well and share your feedback :)
====================================================================
Résumé
DCA Sniper est un indicateur qui vous indique le moment parfait pour faire du DCA, les zones de bottoms sont indiquée par des barres rouges, le signal d'achat est donné lorsqu'une barre jaune apparait.
"DCA Sniper" a pour objectif de vous aider à faire du DCA (Dollar Cost Average) plus intelligement
Au lieu d'acheter vos crypto à un rythme régulier, ce script va vous envoyer une alerte à un moment opportun ou les prix touchent, ou sont proches, d'un bottom.
Le script fonctionne sur plusieurs intervals horaires, plus l'interval est petit plus vous aurez des signaux ...
vous pouvez donc essayer avec plusieurs tranches horaires et choisir celle qui vous donnent les meilleurs signaux pour votre stratégie.
Comment utiliser cet indicateur
L'indicateur scan l'évolution des prix en temps réel et affiche des barres grises
Lorsqu'il détecte une zone de bottom potentiel, les barres deviennent plus foncées
Lorsque le bottom est proche les barres deviennent rouges
Enfin, lorsqu'un bottom potentiel est détecté, une barre jaune s'affiche => c'est le moment d'acheter
Attention
Puisque l'indicateur fonctionne en temps réel, une barre peut changer de couleur tant que la bougie actuelle n'est pas cloturée. Une barre jaune peut très bien devenir rouge et annule donc le signal. Il faut donc attendre la cloture avant de prendre une décision.
Réglages
Cette version de l'indicateur propose seulement deux réglages :
Use Candlesticks filter : Si cette case est cochée, le script va essayer d'éliminer des faux signaux en se basant sur des patterns de bougies.
Use LinReg filter : Si cette case est cochée, le script utilise la valeur "LinReg length" pour appliquer une regression linéaire et filtre tous les bottoms qui se retrouvent au sein d'une déviation standard de la régression linéaire.
Avant d'utiliser DCA Sniper
Cet indicateur n'a pas été développé pour faire du trading, bien qu'il puisse donner de bonnes entrées potentielles.
Si vous l'utilisez pour du trading, gérer bien votre risque et partagez vos retours :)
K線分析
4C Inside/Outside BarThis indicator colors the candle body based on whether it closed as an Inside Bar (IB) or an Outside Bar (OB).
Inside and outside bars can be powerful triggers to enter or exit trades from, when price breaks above or below the candle.
The coloring of only the body and not the border of the candle makes it possible to still know whether the candle was bullish/bearish.
This indicator has the unique ability to add/hide labels for each IB and OB.
Small labels are printed on the chart directly below the candle. (See below)
It also has the unique ability to paint the chart background when an IB forms directly after an OB.
This is a special combination of the two, and can also be a powerful signal.
This feature can be turned on/off. (See below)
Thanks to Craig Stine, as some parts of this indicator were adapted from Custom Candle color Inside/Outside candles, Highwave, Star Patt. by Craig_Stine
Fusion: Big Arty CandlesAnyone who follows Arty knows about his "Big A** Candle" strategies.
I didn't like the BAC indicators that had code available so I wrote this one that has some decent flexibility and display options.
You can use this to enter a trade immediately after a BAC, probably in the opposite direction and ride the pullback that usually occurs or just use it to avoid trading until things settle down. I use it to avoid trading for a few bars on the 15 minute timeframe on bitcoin.
The settings are certainly not optimized so set them to whatever suits your needs as the defaults will probably be wrong for you.
The code is structured to easily drop into a bigger system so use it as a lone indicator or add the code to some bigger project you are creating. If you do integrate it into something else then send me a note as it would be nice to know it's being well used.
Finally, if you find value please do make a comment, give a thumbs up etc.
Enjoy and good luck!
Pinbar IndicatorHello everyone, this is a simple script for determining a qualified Pinbar
(1) Indicator introduction
This indicator can combine multiple K-lines and determine whether the combined K-line is a qualified Pinbar
Supports the calculation of Pinbar strength and filters out undesirable Pinbars by a minimum threshold
(2) Parameter introduction
- Pinbar Pattern
Draw Pinbar Pattern Alert?: Display the Pinbar label or not
Pinbar Statistic Period: The statistic bars for calculating average values
Max Merged Bars: Maximum number of merged bars, default is 2
Min Pinbar Strength: Minimum Pinbar strength, default is 1.5
Happy trading and enjoy your life!
————————————————————————————————————————
各位朋友大家好,这是一个用于判断 Pinbar 的简单脚本
(1) 指标说明
该指标可以合并多跟 K线,然后判断合并后的 K 线是否是一个合格的 Pinbar
支持 Pinbar 强度的计算,并通过一个最低阈值过滤掉不理想的 Pinbar
(2) 参数说明
- Pinbar Pattern
Draw Pinbar Pattern Alert?: 是否需要显示 Pinbar 标签
Pinbar Statistic Period: 用于统计 Pinbar 的平均量的 bar 数量
Max Merged Bars: 最大合并 bar 的数量,默认为 2
Min Pinbar Strength: 最小的 Pinbar 强度,默认为 1.5
祝大家交易愉快
merge_pinbarLibrary "merge_pinbar"
merge_pinbar: merge bars and check whether the bar is a pinbar
merge_pinbar(simple, simple) merge_pinbar: merge bars and check whether the bar is a pinbar
Parameters:
simple : int period: the statistic bar period
simple : int max_bars: the max bars to be merged
Returns: array:
Candle Volume Size PipsThis script is design to count quantity of pips of each candle helping find the most voluminous candle from Wich to Wich (High Low) or Open to Close (Body).
Adjustable Settings:
From open to Close (Body)
From Wick to Wick (High Low)
Candle Colors
Which candle show values bull (up) or bear (down) candles
Tweak Strat Candle ColorThis script allows traders to customize candlestick colors based on The Strat trading system developed by Rob Smith.
The script determines if the current candle is an inside bar (1), outside bar (3), directional up (2u) , or directional down (2d).
An inside bar is a candle that trades fully within the previous candle.
An outside bar breaks both the high and the low of the previous candle.
A directional up bar breaks the high of the previous candle but NOT the low of the previous candle.
A directional down bar breaks the low of the previous candle but NOT the high of the previous candle.
The trader can modify the colors they wish to use in the settings menu.
NOTE: You must select "Visual order - Bring to front"
If you do not, the custom colors will disappear when you click the chart window.
TheStrat AlertsFinally, an indicator that will monitor and send notification for any potential 'TheStrat' candle combination setups.
Explanation of 'TheStrat' trading technique
‘ TheStrat ’ technique works off the basis of labelling whether the focus candle did or did not break any of the previous candles high or low values. There are three possible label definitions; either a 1 candle, 2 candle or a 3 candle.
1 bar (inside) - If price movement on the new candle remains within the high and low of previous candle.
3 bar (outside) – If price movement went above both the high and the low of the previous candle.
2 bar (directional) – If price movement only broke with the high (called a 2-up) or if price movement only broke the low of the previous candle (called a 2-down).
Once labelled the technique then looks for certain combination of these labelled candles (called actionable setups) such as: 2-1-2, 1-2-2, 3-1-2.
How does the indicator work?
This indicator will monitor and alert you when a possible ‘ TheStrat ’ actionable combination is identified on any ticker and timeframe you add the indicator to and then register an alert. The key decisions are which TICKER and which TIMEFRAME to register the alert and lastly what actionable ‘ TheStrat ’ combination to enable in the indicator settings.
When a registered alert is running it will continually monitor for the enabled ' TheStrat ' conditions and upon the bar close of a defined condition, it generates the alert notification using the existing built-in TradingView alert feature. This indicator is not market or timeframe specific, in fact this alerting indicator can be used to register alerts on multiple tickers and timeframes simultaneously.
Example of how to use the indicator
Assume you are interested in being alerted for any ‘2-1-2’ combination on AAPL on the 30min timeframe. You would simply go to that chart (APPL on 30 min), add ' TheStrat Alerts ' indicator to the chart. Ensure the 2-1-x condition is enabled in the indicator setting. Then using the built-in TradingView - 'Create Alert' feature to register the alert that will listening to 'TheStrat Alerts' indicator monitored events. In this example the alert will specifically trigger if it finds a 2-1 bar setup and send the alert of a possible 2-1-2 setup allowing you to jump to the chart to review.
Description of the script
The script work by monitoring the development of new candles and when it finds a potential developing combination it will generate an alert prior to the completion of the actionable signal.
The following 'TheStrat' combinations have been coded.
2-1-? candle setup (expect 2-1-2)
3-1-? candle setup (expect 3-1-2)
1-2-? candle setup (expect 1-2-2 rev)
3-2-? candle setup (expect 3-2-2 rev)
2d-2d-? or 2u-2u-? (expect 2-2 rev)
"Randy Jackson" 2u-2u-2d-? or 2d-2d-2u-? candle setup
5 consecutive 2u or 5 consecutive 2d "Pivot Machine Gun" candle setup
50% retracement after a 2u
50% retracement after a 2d
Failed 2u - candle that closed red, instead of green
Failed 2d - candle that closed green, instead of red.
1-3 "Nirvana" candle setup
1 candle and 3 candle formation
How is this useful to a trader?
This unequivocally original and useful indicator relieves the need to sit and monitor all the tickers and timeframes you can simply place the alert indicator, enable the conditions under which you wish to be alerted and let it monitor for you.
The clear value of the indicator is the increased ability to find potential setups to trade when certain conditions have been identified.
TO ENABLE, please follow these steps:
1) Add indicator to your TICKER choice and TIMEFRAME of your choice.
2) Open the indicator options/settings (cog wheel of indicator) and select the checkboxes to enable which conditions you want to be alerted on. Start off with a few specific setups to get the hang of the indicator. Then OK the indicator setting window to close it.
3) Next find along the of the screen the 'Create Alert' icon (watch icon with + symbol). Click it will open the ' Create Alert ' settings.
4) For CONDITION , drop down and select ' TheStrat Alerts ' so that the alert will listen for the alerts you selected in the indicator settings.
5) Expand 'More options' to select notification preference like pop-up, sound or email
6) Finally click on ' CREATE ' to register the alerts
The indicator will now generate alerts for the options you enabled in the indicator. Please delete and re-register the alert if you changed any settings in the indicator, for example a different condition.
This indicator is not merging multiple indicators as it uses only the default TradingView alert functionality, and the source code is based on my other highly successful free indicator. The indicator does not infer future performance but does notify of the potential actionable ' TheStrat ' setup prior to the completion of the ' TheStrat ' combination. It is also an independent and standalone indicator and does not rely on any of my other published indicators.
This is a paid private invite-only indicator, if you want a trial, please contact me by sending a private message through TradingView.
Good Luck with trading and I hope this indicator helps to increase the profitability of your portfolio. Happy Trading.
Candle ClassifierThis indicator uses allows its users to locate classifications of candles based on user defined input.
Using a % of candle range the user can specify,
High Wick %
Candle Body %
Low Wick %
The user can also search for candles within a (user defined) variance range.
A nifty feature of this indicator is the display of your criteria, so that you can be reminded while you're looking through your chart!
ICT Fair Value Gap [LM]Hello traders,
I would like to present you ICT Fair Value Gap script. The idea is the same as in my other script to look form imbalances. I have improved the previous script from teaching of ICT and created this script to train the eye to see those gaps. Shrinking option also shows if the gap has been already filled and also in case gap is filled you can get alert in case you will set it up .
The script has two settings:
general settings - definition of volatility condition for middle candle
box settings - setting for boxes, box colors, shrinking
I hope you enjoy it,
Lukas
Hammers & Stars Candle [2022]Hammer and Shooting Star Candle analysis >)
“The home crowd have been right behind their team and there are boos for the officials as they walk off at half-time. Elanga was unfortunate not to win the free-kick, although the clearer foul on him had come before the final tumble. He is entitled to think the ref would bring that back. Instead, United are a goal down.
Higher Timeframe Candle OverlayHi all, this script helps you to see candle of any timeframe at the same time. It is possible to find the regions of dying trend by peeking into the higher timeframe candles. For example, on a 1-min chart, a 1439 min ( (24*60) - 1 ) candle is a day candle refernce to that 1-min. If huge bodied candles starts to grow larger wicks and smaller bodies, it means that the trend is dying.
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.
Combine & Merge Candlesticks + EMACombine & Merge Candlesticks with EMA
You can do the following:-
1 min - look back 5 (5 min) up to 15 (15 min)
5 min - look back 3 (15 min) up to 12 (1 hour)
15 min - look back 4 (1 hour) up to 16 ( 4 hours)
1 hour - look back 4 (4 hours) up to 8 (8 hours - 1 trading session)
4 hour - look back 2 (8 hours - 1 trading session) up to 6 ( 1 Day)
1 day - look back 5 ( 1 week)
Signals Pirate™ Doji ScalperSignalsPirate™ Doji Scalper is provides users with an instant screener for the one of the most useful candlestick formations in trading and investing, while also providing signals for points of price reversals and variable levels of support and resistance! This package can take your technical analysis to the next level.
Doji candles are a great indication of indecisiveness in the market, and depending on when they occur can indicate upcoming volatility or even a trend reversal! The candles can be identified by their small bodies (distance between open and close price) and long top and bottom wicks (the candle high and lows).
The simplicity of this package ensures traders of all levels of expertise can utilise this tool and experience its benefits to the fullest. Outside of user preference and customisation options, the only variable that alters package performance is the ‘Sensitivity’ option, which dictates how frequently Doji candles will be detected based on how the candles are formed. A value of 10 indicates more lenient classification of Doji candles, where a value of 1 requires a perfect Doji formation before signalling!
The other options available for your alteration are:
The visibility of the variable levels of support and resistance, which are calculated using a variation of the ATR indicator to gauge asset volatility, as well as price action pivot points to indicate where trader interest may be.
Trend reversal labels for both potentially ‘Weak’ and ‘Strong’ reversals. These labels are created based on how price reacts to the varying levels of support and resistance, as well as the candlestick pattern and formation around those crucial levels.
The default settings are the best settings we’ve found so far but you can change them to build your own unique trading strategy. We’d recommend experimenting with these values to find the best results for the asset you are trading, and your own personal trading and investing style.
Direction for use:
1. Use on any asset class and time frame.
2. Fine tune the Doji Sensitivity variable.
3. Be cautious of upcoming volatility after a Doji signal, especially if the signal occurs near the support and resistance levels or after a large move, which could indicate a trend reversal.
4. Watch for Reversal signals, which can provide confluence with the Doji signals and give an early indication that price may soon start moving in the opposite direction.
As mentioned previously, this is a candlestick detection system that dynamically operates to function with superior accuracy regardless of what you’re trading. But with the level of customisation available, this can easily be fine tuned to accommodate scalping, reversal trading, or even long term investing.
We hope you love this package, and it takes your trading and investing to the next level. Please let us know if you have any questions or queries regarding the logic behind the bundle, or if you have any suggestions for improvements etc. We love your feedback and are constantly striving to continuously improve!
No Wick Candles [LYFTOFF-S]This indicator identifies "no wick" candles and labels them. Simple and effective candlestick analysis. Candles without wicks offer interesting trading opportunities, indicating severe momentum in a particular direction with no opposition. On higher timeframes, these can be consistently profitable signals for trades when paired with other technical analysis.
*LYFTOFF-S is part of the LYFTOFF strategy series, offering profitable and proven indicators that can be paired with our strategy template to automate trading.
Inside Breakout PerQuantumCoin Premium Indicator (strategy)HOW IT WORKS:
- The Inside Breakout gives signals on the chart on the breakout of inside bar chart pattern;
- It allows to trade trend or counter-trend signals;
- Computes intrinsic values to access the strength of the Buy/Sell signal;
- Allows users to adjust their own settings, adapting the signals produced;
- These signals can be also set up as Alerts;
- The indicator has a few custom features that allows users to filter out signals using multi-timeframe trend indicator and to keep tracking positions so that one can only get new signals when they reserve position;
This Strategy version is meant to be a companion to the main indicator in order to backtest your SLT/TP settings with different instruments and adapt results.
Please NOTE:
Results may vary depending on TP/SL settings. Also, previous performance is not a indicator for future results.
Inside Breakout - inside bar - PerQuantumCoin Premium IndicatorHOW IT WORKS:
- The Inside Breakout gives signals on the chart on the breakout of inside bar chart pattern;
- It allows to trade trend or counter-trend signals;
- Computes intrinsic values to access the strength of the Buy/Sell signal;
- Allows users to adjust their own settings, adapting the signals produced;
- These signals can be also set up as Alerts;
- The indicator has a few custom features that allows users to filter out signals using multi-timeframe trend indicator and to keep tracking positions so that one can only get new signals when they reserve position;
This Script is meant to help traders easily identify great entry opportunities.
The Script does NOT repaint signals.
Smarter Pullback + Candlestick Pattern (Steven Hart)Built with love "Smarter Pullback + Candlestick Pattern"
This indiator will help you to find a Pullback + Candlestick Pattern, inspirated by Steven Hart
You can combine with your own strategy, or use this purely
DISCLAIMER :
Measure the risk first before use it in real market
Backtest The Strategy was very important, so you know the probability
Fundamentally Logical :
Pullback (Some Previous candle is Red for Bull Pullback vice versa)
the Entry candle must be a Candlestick Pattern
Features :
1. Engulfing
2. Hammer & Shooting Star
3. Doji
How to use it :
1. Adjust the Pullback Period
2. Check and Uncheck the Pattern you want to see
3. Adjust the style to your favourite
Regards,
Hanabil
Smart Patterns Lite - Engulf EditionHi Traders! Welcome to Smart Patterns Lite - Engulf Edition
This lite version of Smart Patterns script specifically focuses on different Engulfing Pattern approaches, and tracks their performance and success rate over time.
Key Features
This edition includes TradingView's Engulfing Pattern as well as two custom ones: Engulf (Trend) and Engulfing (Advanced)
When a Pattern reaches the Min. Target % within the Candles Range selected, it is then considered valid. Please remember that doesn't take into account possible draw-downs or stop-losses.
Patterns are constantly evaluated inside the script; when a pattern's overall score (Success Rate %) is below the required minimum, the signal won't be triggered. However, the script will keep monitoring it in the background, and trigger a signal again when its score comes back above the minimum Success Rate.
The Patterns' signals can be filtered by Success Rate, Minimum Patterns detected and candle size (calculated via ATR).
The Data Panel will show individual statistics for Enabled Patterns as well as final statistics for Triggered Patterns.
Tooltips in the settings panel will further explain available options.
Alerts: simple alerts can be added by selecting "any alert() function call" when adding an Alert. Customizable alerts can also be created through dropdown menu ( Bullish \ Bearish Patterns Detected).
Notes and Recommendations
Always be realistic when tweaking settings, making sure the output makes sense in a normal trading environment. Statistics are helpful but shouldn't be the only factor to base your decisions on - even if a pattern reaches 100% Success Rate, it doesn't mean it will keep being profitable.
Since the script crunches quite some data it may give output errors especially if settings are not properly tweaked - or if the filters are too liberal (e.g. Min Target % set to 0.1) - hence triggering lots of signals. Please adjust the settings or enable only the Patterns you are trading.
If the script gives the error "Too many drawings, cannot clean oldest" it means your settings give too many signals and that is usually not a good sign - it's recommended to double-check your settings as mentioned above.
Credits
Trading View for built-in patterns
Special thanks go to PineCoders community for their incredible efforts and learning material to help mastering PineScript!
Smart PatternsHi Traders, and welcome to Smart Patterns.
Patterns can be very profitable, yet hard to trade, even when combined with other indicators and techniques. This script aims to increase the accuracy of signals by adding a statistical approach to candle patterns, along with tools to filter them.
For example, if the Success Rate is above a certain threshold, it means that the pattern has resulted in a higher ratio of profitable trades and hence it has a higher likelihood of succeeding in the current market conditions. However, should that pattern fall below the desired Success Rate, the script will "hide" it and won't trigger a signal, but still keeping track of its performance to start firing it again when coming back above the Success Rate.
Key Features
The script features custom patterns as well as some of TradingView's built-in patterns. Not all patterns can be added of course, but let me know if I missed other interesting ones and I will do my best to add them in future updates.
When a Pattern reaches the Min. Target % within the Candles Range selected, it is then considered valid. Please remember that doesn't take into account possible draw-downs or stop-losses.
Patterns are constantly evaluated inside the script; when a pattern's overall score (Success Rate %) is below the required minimum, the signal won't be triggered. However, the script will keep monitoring it in the background, and trigger a signal again when its score comes back above the minimum Success Rate.
The Patterns' signals can be filtered by Success Rate, Minimum Patterns detected and candle size (calculated via ATR).
The Data Panel will show individual statistics for Enabled Patterns as well as final statistics for Triggered Patterns.
Tooltips in the settings panel will further explain available options.
Alerts: simple alerts can be added by selecting "any alert() function call" when adding an Alert. Customizable alerts can also be created through dropdown menu ( Bullish \ Bearish Patterns Detected).
Fully customizable to adapt to light and dark themes
Notes and Recommendations
Always be realistic when tweaking settings, making sure the output makes sense in a normal trading environment. Statistics are helpful but shouldn't be the only factor to base your decisions on - even if a pattern reaches 100% Success Rate, it doesn't mean it will keep being profitable.
Since the script crunches quite some data it may give output errors especially if settings are not properly tweaked - or if the filters are too liberal (e.g. Min Target % set to 0.1) - hence triggering lots of signals. Please adjust the settings or enable only the Patterns you are trading.
If the script gives the error "Too many drawings, cannot clean oldest" it means your settings give too many signals and that is usually not a good sign - it's recommended to double-check your settings as mentioned above.
Credits
Trading View for built-in patterns
Special thanks go to PineCoders community for their incredible efforts and learning material to help mastering PineScript!
Protervus RenkoWelcome to Protervus Renko!
After over two years of research and development, I'm thrilled to present you with my take on Renko in overlay mode.
Key features
Four Renko Types: Classic, Median, Geometric, Turbo
Brick size methods: Traditional, Percentage, ATR
Renko Wicks
Higher Time-Frame selection
No repainting, all data is consolidated and obtained from regular candles
Output mode: pass Protervus Renko data to other indicators
Built-in settings validator
Renko Statistics
Bricks reversal
Complete style and color customization
Tooltips in the settings panel explaining available options
Alerts
Renko Types: Classic, Median, Geometric, Turbo
Show Candles, Levels, or Both - along with Wicks
Note: when levels are disabled Wicks are shown on the actual Renko bricks, while when enabled they are shown in the middle of the Renko level.
Understanding Renko Output
In Real Mode, the output only contains data on the Renko brick, while in Normalized mode the values are repeated for the whole Renko level.
Example with Bollinger Bands:
In Real Mode, Bollinger Bands will be calculated exclusively on the Renko Bricks. Had we used Normalized Mode instead, the output wouldn't make sense as the values are carried over on each candle.
Other indicators (like RSI, for example) would work better with Normalized output though:
Automatic settings validation
Note: if settings are Unreliable, the script will not show any Renko candles or levels. The Output can still be used on external indicators, if needed (e.g. for a more granular RSI output).
Renko Data Panel
Data Panel shows two types of statistics: Rolling and Barset. Rolling data is referring to "last X time" and can be defined in the indicator's settings (in this example it's set to one week) while "Total Bricks" are considered over the whole available barset (since the beginning of the chart).
Besides seeing Renko Bricks trends at a glance, it's also possible to spot interesting areas when Rolling bricks are coming close to either the Total Average or Total Maximum Bricks, signaling a possible reversal or continuation.
Bricks Reversal
Show reversals: configure how many opposite bricks are needed to trigger a reversal, as well as limiting their number to avoid strong opposite movements.
Tip: more conservative Traders might want to receive a signal if the minimum is close to the Average Bricks Trend, but not over the Maximum Bricks Trend.
Moving the Indicator to a separate pane and overlay price
Credits
yatrader2 (lengths in time or bars function), allanster (Heikin Ashi function)
Special thanks go to PineCoders community for their incredible efforts and learning material to help mastering PineScript!
Strat Magnitude LinesHave you ever wished you could easily see the daily magnitude line of a Strat Combo while on a smaller timeframe intraday chart? This indicator allows you to do that and much more!
Description
This indicator does two simple things, but it does them very well. The first thing it does is draw a small horizontal line at the magnitude level of a Strat Setup (a potential Strat Combo before the last candle has formed) on the daily chart. This is intended to help the user easy ascertain how much magnitude distance (distance between trigger line and magnitude line) of a potential Strat Combo the night before when the user is searching for trades to play the next trading day. If the last two candles on a daily chart form the first two bars of a Strat Combo, then this indicator display a horizontal line where the ultimate magnitude would be if the next trading day a Strat Combo was formed. This helps the trader gauge whether there is sufficient magnitude that makes it worth it to even consider trading the next day.
The second and most important thing this indicator does is display the daily magnitude line while the user is in a smaller timeframe managing their trade. This helps the user have an easily identifiable line to show where to take full or partial profit at. There is no need to keep track of manually drawn lines or the hassle of letting your charts get cluttered with lines that the user forgot to delete. This indicator finds potential Strat Combos (aka Strat Setups) and dynamically draws horizontal lines for the user and removes them when they are no longer in use. The user can focus on taking profit and making money and leave the hassle to the indicator.
Inputs & Style
All four lines (two daily lines and two intraday lines) can be independently configured. Each lines color, line style, and width can be adjusted. To turn “off” a line change the opacity to 0%.
Automatic daily magnitude line on intraday chart
Smart Bottom SignalThis indicator is used to find temporary bottoms that are validated with a subsequent candle that closes above the high. The indicator is based on elliott wave theory and tries to signal entries on wave lows. It triggers off of code from " TD D-Wave" 0, 2, 4, A, and C bull wave lows by finding a candle with a close higher that the high of the lowest wave candle or the high of a bullish candle that first breaks above the 8EMA. Green arrows will plot on close indicating that the indicator was triggered.
There are 3 options for display of plots provided:
ShowSmartSigs - This is defaulted to true (display) and allows users to toggle the green arrow alert plots on/off that appear below the candle when triggered.
ShowOnOffPlots - This is logic I use to signal a downturn/upturn and is indicated by red/green arrows appearing above the trigger candle.
ShowBounceSigs - This is defaulted to false and would show as an orange arrow under a candle where a bullish candle first climbs above the 8EMA when ShowOnOffPlots is signaling a downturn and SlowtSochastics is below 21. The SlowStochastics settings are adjustable on the settings screen and default to 21,3.
Alerts Available:
"Smart Buy Bounce" - This alert fires when the ShowSmartSigs signal is triggered.
"Buy Bounce" - This alert fires when the ShowBounceSigs signal is triggered.
"Turn Off Bots"/"Turn On Bots" - This alert fires when the ShowOnOffPlots signals are triggered. I use this to turn off shorter timeframe (15m-1H) bots during a prolonged price drop.
This is an early prototype that is filtered to the following tested cryptos against the specified chart timeframes and using the expressed target/trail/stoploss logic.
CRYPTO Target:Trail:StopLoss TImeframe(H)
FTM 3:2.9T:4 6
AXS 3:2.9T:4 6
AVAX 3:2.9T:4 6
MANA 3:2.9T:4 6
ONE 5:2T:2.5 4
MATIC 3:2.9T:2.5 6
XTZ 3:2.9T:4 8