Price Difference CheckThis code calculates the difference between the highest and lowest values of the current candle, and if this difference is equal to or greater than the percentage value set in the settings, it displays a marker on the chart. Additionally, it shows the difference as a line on the chart.
Candlestick analysis
Price Difference CheckThis code calculates the difference between the highest and lowest values of the current candle, and if this difference is equal to or greater than the percentage value set in the settings, it displays a marker on the chart. Additionally, it shows the difference as a line on the chart.
Prashant Dynamic EMA Crossover Signal (Corrected)Take entries only upon candle close above or below ema channel
RSI Crossover dipali parikhThis script generates buy and sell signals based on the crossover of the Relative Strength Index (RSI) and the RSI-based Exponential Moving Average (EMA). It also includes an additional condition for both buy and sell signals that the RSI-based EMA must be either above or below 50.
Key Features:
Buy Signal: Triggered when:
The RSI crosses above the RSI-based EMA.
The RSI-based EMA is above 50.
A green "BUY" label will appear below the bar when the buy condition is met.
Sell Signal: Triggered when:
The RSI crosses below the RSI-based EMA.
The RSI-based EMA is below 50.
A red "SELL" label will appear above the bar when the sell condition is met.
Customizable Inputs:
RSI Length: Adjust the period for calculating the RSI (default is 14).
RSI-based EMA Length: Adjust the period for calculating the RSI-based EMA (default is 9).
RSI Threshold: Adjust the threshold (default is 50) for when the RSI-based EMA must be above or below.
Visuals:
The RSI is plotted as a blue line.
The RSI-based EMA is plotted as an orange line.
Buy and sell signals are indicated by green "BUY" and red "SELL" labels.
Alerts:
Alerts can be set for both buy and sell conditions to notify you when either condition is met.
How to Use:
Use this script to identify potential buy and sell opportunities based on the behavior of the RSI relative to its EMA.
The buy condition indicates when the RSI is strengthening above its EMA, and the sell condition signals when the RSI is weakening below its EMA.
Strategy Use:
Ideal for traders looking to leverage RSI momentum for entering and exiting positions.
The RSI-based EMA filter helps smooth out price fluctuations, focusing on stronger signals.
This script is designed for both discretionary and algorithmic traders, offering a simple yet effective method for spotting trend reversals and continuation opportunities using RSI.
Three Bar Reversal & Patterns with TP, SL and EntryThe indicator I shared implements a strategy to detect and plot several key patterns (Three Bar Reversal, Double Bottom, Double Top, W, and M patterns) along with visual markers for buy and sell signals. It also uses line drawing to connect the patterns and alert the user when a signal is detected.
To identify the time frame suitability for each pattern and signal, let's break down how certain timeframes might affect the effectiveness and frequency of these patterns. Here are some general guidelines:
1. Three Bar Reversal
Best Timeframe: 5-minute to 1-hour.
Why: The Three Bar Reversal is a relatively short-term pattern that reacts quickly to price changes, making it more suitable for lower timeframes (5-minute, 15-minute, 30-minute, or 1-hour). On higher timeframes (like daily), these reversals might become too broad or rare, decreasing their effectiveness.
2. Double Bottom & Double Top
Best Timeframe: 1-hour to 4-hour.
Why: Double bottoms and tops tend to be more reliable on slightly longer timeframes (1-hour, 4-hour). These patterns signify stronger market reversals, so they need more time to form. On shorter timeframes, the patterns might appear too frequently or be invalidated by minor price fluctuations.
3. W Pattern
Best Timeframe: 1-hour to daily.
Why: The W pattern is a trend reversal pattern that tends to form over a longer period of time. It requires a series of price movements to complete, so it is better suited for 1-hour, 4-hour, or daily charts. On shorter timeframes, the pattern could appear too frequently, reducing its reliability.
4. M Pattern
Best Timeframe: 1-hour to daily.
Why: Like the W pattern, the M pattern is a reversal signal that requires more time to form. It’s more reliable on mid-range timeframes (1-hour to daily) where the market has time to develop these top structures. Shorter timeframes will produce more noise and less reliable M patterns.
5. Buy/Sell Signals
Best Timeframe for Buy Signals: 5-minute to 4-hour (for short-term momentum).
Best Timeframe for Sell Signals: 5-minute to 4-hour.
Why: The buy/sell signals can be applied across a range of timeframes. On shorter timeframes (5-minute, 15-minute, or 30-minute), the signals can help capture smaller, quick trends. For more significant moves, you can extend to 1-hour or 4-hour timeframes. Longer timeframes (like daily) would reduce signal frequency, but the signals would likely represent stronger price movements.
Example of Timeframe Suitability:
5-minute charts: Good for Three Bar Reversal and Buy/Sell Signals. Patterns like Double Bottom and Double Top may appear too often and be less significant.
30-minute charts: Suitable for Three Bar Reversal, Double Bottom, Double Top, and Buy/Sell Signals. More reliable than shorter timeframes.
1-hour charts: A balanced timeframe for Double Bottom, Double Top, W, M, and Buy/Sell Signals.
4-hour charts: Excellent for more substantial patterns like Double Bottom, Double Top, W, and M. Three Bar Reversal and Buy/Sell Signals will also be reliable.
Daily charts: Best for identifying more significant patterns like Double Bottom, Double Top, W, and M. Buy and sell signals will appear less frequently.
Bahubali indicatorIndicator: Last Daily Candle High, Low, and Close
This TradingView script plots horizontal lines on the chart representing the high, low, and close values of the previous day's candle. Here’s how it works:
indicator("Last Daily Candle High, Low, and Close", overlay=true)
This line defines the name of the indicator ("Last Daily Candle High, Low, and Close") and specifies that the indicator will be displayed on the main price chart (overlay=true).
2. Fetching Data from the Previous Day
pinescript
Copy
Edit
prev_day_high = ta.valuewhen(timeframe.change("D"), high , 0) // Fetch yesterday's high
prev_day_low = ta.valuewhen(timeframe.change("D"), low , 0) // Fetch yesterday's low
prev_day_close = ta.valuewhen(timeframe.change("D"), close , 0) // Fetch yesterday's close
Fetching the High, Low, and Close:
The script fetches the high, low, and close of the previous day’s completed candle.
timeframe.change("D"): Detects when the day changes.
high , low , close : These references access the high, low, and close of the previous day's candle (using to access the prior bar's values).
ta.valuewhen: This function ensures the values are only fetched when the daily candle changes (i.e., once per day).
3. Initializing Line Variables
pinescript
Copy
Edit
var line high_line = na
var line low_line = na
var line close_line = na
Initializing Line Variables:
Three variables are declared to store the line objects for the high, low, and close levels of the previous day.
These variables are initialized as na, which means "Not Available," until the lines are created.
4. Updating Lines at the Start of Each Day
pinescript
Copy
Edit
if timeframe.change("D")
// Remove old lines
line.delete(high_line)
line.delete(low_line)
line.delete(close_line)
Detecting New Day:
The if timeframe.change("D") block ensures the script detects when a new day starts.
When a new day starts, it deletes the previous day's lines to ensure no overlap.
5. Drawing New Lines
pinescript
Copy
Edit
// Create new lines extending fully across the chart
high_line := line.new(x1=bar_index - 500, y1=prev_day_high, x2=bar_index + 500, y2=prev_day_high, color=color.red, width=2, extend=extend.both)
low_line := line.new(x1=bar_index - 500, y1=prev_day_low, x2=bar_index + 500, y2=prev_day_low, color=color.black, width=2, extend=extend.both)
close_line := line.new(x1=bar_index - 500, y1=prev_day_close, x2=bar_index + 500, y2=prev_day_close, color=color.blue, width=2, extend=extend.both)
Creating Horizontal Lines:
High Line: Drawn at the previous day's high, using a red color.
Low Line: Drawn at the previous day's low, using a black color.
Close Line: Drawn at the previous day's close, using a blue color.
Line Extensions:
The lines are extended from x1=bar_index - 500 to x2=bar_index + 500, meaning they will span a wide section of the chart from far left to far right, ensuring visibility.
extend=extend.both ensures the lines extend beyond the current bar in both directions.
Summary:
This TradingView indicator draws horizontal lines representing the high, low, and close levels of the previous day's candle. The lines are updated daily, with each new day resetting the previous lines and drawing new ones at the appropriate levels for that day’s high, low, and close prices.
This tool helps traders quickly identify important price levels from the previous trading day, which can act as potential support or resistance levels.
337 Day EMA with buy/selll and uptrend downtrend Notifications!337 Day EMA with buy/selll and uptrend downtrend Notifications!
A a sophisticated trading tool designed to help traders identify significant market trends and make informed decisions. By leveraging the 337-day Exponential Moving Average (EMA), this indicator provides a clear visual representation of the long-term price trend of an asset. The EMA gives more weight to recent prices, making it a responsive and reliable indicator.
Key Features
337-day EMA Calculation
The indicator calculates the 337-day EMA, which smooths out price data and highlights the overall trend by giving greater significance to recent price changes.
Trend Identification
Uptrend: An uptrend is detected when the price crosses above the 337 EMA, signaling a potential bullish market. This is visually represented with a green "Uptrend" label below the corresponding bar.
Downtrend A downtrend is identified when the price crosses below the 337 EMA, indicating a potential bearish market. This is marked with a red "Downtrend" label above the corresponding bar.
Alert Notifications
The indicator includes built-in alert conditions for both uptrends and downtrends. Traders receive real-time notifications when the price crosses above or below the 337 EMA, ensuring they are promptly informed of significant market movements.
Customizable Visuals
The uptrend and downtrend labels are designed to be easily readable, with green "Uptrend" text boxes and red "Downtrend" text boxes, enhancing the clarity of the trend signals.
Benefits
Timely Alerts: Receive instant notifications about key trend changes, allowing for timely trading decisions.
Long-Term Perspective: The 337-day EMA provides a comprehensive view of the market's long-term trend, reducing the noise of short-term fluctuations.
Enhanced Readability: The clear visual labels for uptrends and downtrends make it easy to interpret the market conditions at a glance.
By integrating the "337 EMA with Uptrend/Downtrend Notifications" into your trading strategy, you can stay ahead of market trends and make more informed trading decisions. This tool is particularly useful for traders looking for a reliable way to identify long-term trends and react to significant market movements effectively.
Let me know if there's anything else you need or if you want more details! 📈
Price Difference CheckThis code calculates the difference between the highest and lowest values of the current candle, and if this difference is equal to or greater than the percentage value set in the settings, it displays a marker on the chart. Additionally, it shows the difference as a line on the chart.
BLAKFX Trading SystemYour indicator is an advanced Smart Money Concepts (SMC) trading system that combines multiple technical analysis approaches. Here's a detailed breakdown:
1. Core Components:
Market Structure Analysis:
- Break of Structure (BOS) detection
- Change of Character (CHOCH) identification
- Smart Money movement patterns
- Elliott Wave pattern tracking
Liquidity Analysis:
- Identifies buy and sell liquidity zones
- Marks liquidity points with circles (green for buy, red for sell)
- Tracks historical liquidity levels
Order Blocks:
- Detects bullish and bearish order blocks
- Shows them as colored boxes on the chart
- Uses volume confirmation for validation
Fair Value Gaps (FVG):
- Identifies both bullish and bearish FVGs
- Displays them as colored boxes
- Tracks historical FVG levels
2. Technical Elements:
Smart Money Technique (SMT):
- Uses EMA crossovers (50 and 200)
- Volume confirmation
- Shown as diamond shapes on the chart
Central Risk Transfer (CRT):
- Calculates equilibrium levels
- Shows as a yellow line on the chart
- Helps identify potential reversal zones
Elliott Wave Integration:
- Tracks wave counts
- Labels waves on the chart
- Helps with trend structure analysis
3. Trade Signals:
Entry Conditions:
- Long entries shown with green up arrows
- Short entries shown with red down arrows
- Combines multiple confirmations (SMT, liquidity, order blocks)
Visual Indicators:
- Color-coded for easy interpretation
- Historical signals maintained
- Clear entry and exit points
4. Risk Management:
- Built-in risk-reward ratio calculations
- ATR-based volatility consideration
- Clear trade information display
5. Customization Options:
Colors:
- Bullish/Bearish colors
- FVG colors
- Order block colors
Parameters:
- Lookback period
- Risk-reward ratio
- Various technical settings
6. Additional Features:
- Memory management (periodic array clearing)
- Alert conditions for entries
- Detailed trade information labels
- Historical pattern tracking
This indicator is particularly useful for traders who:
- Follow Smart Money Concepts
- Use institutional trading methods
- Need multiple confirmation layers
- Want clear visual signals
- Trade based on order flow and liquidity
Would you like me to elaborate on any particular aspect or explain how specific components work together?
Price Action Indicator (HarryDPotter)The "Enhanced Price Action Indicator" combines key technical analysis tools to identify high-probability trade entries in the crypto market. It integrates "price action" patterns (like bullish and bearish engulfing or pin bars) with trend confirmation from "EMA crossovers" and "ADX" for market strength. The indicator plots clear "long" and "short" signals based on these factors, with visual support and resistance levels, dynamic trendlines, and EMAs, helping traders make informed decisions during trending markets.
NVDA - Gaussian Channel Strategy v3.4📌 Strategy Description: Gaussian Channel Trading Strategy for NVDA
Overview
The Gaussian Channel Strategy is a trend-following and momentum-based strategy that combines Gaussian filtering with Stochastic RSI crossovers to detect high-probability entry and exit points. This version is specifically optimized for NVDA stock, ensuring proper execution of orders with backtesting support.
🔹 Key Components
Gaussian Filter (Ehlers' Technique)
A low-lag smoothing filter that removes noise and highlights the primary market trend.
It constructs upper and lower bands to define potential support and resistance levels.
The midline (Gaussian Filter) helps determine bullish vs. bearish conditions.
Stochastic RSI for Entry Signals
Momentum indicator that helps identify overbought and oversold conditions.
Uses %K and %D crossovers to generate buy (bullish) and sell (bearish) signals.
Risk Management with Stop Loss & Take Profit
Stop Loss: Set at 2% below the entry price to limit downside risk.
Take Profit: Set at 5% above the entry price to lock in gains.
Ensures controlled risk-to-reward ratio.
📊 Trading Logic
Buy Entry Condition (Go Long)
Stochastic RSI crossover: %K crosses above %D (bullish momentum).
Gaussian Filter confirms an uptrend (filt > filt ).
Price is trading above the Gaussian Filter (close > filt).
Backtesting range is valid (between 2020 - 2069).
✅ If conditions are met:
→ Enter Long Position (strategy.entry("Long", strategy.long))
Sell Entry Condition (Go Short)
Stochastic RSI crossover: %K crosses below %D (bearish momentum).
Gaussian Filter confirms a downtrend (filt < filt ).
Price is trading below the Gaussian Filter (close < filt).
✅ If conditions are met:
→ Enter Short Position (strategy.entry("Short", strategy.short))
Exit Conditions
Stop Loss triggers when price moves 2% against position.
Take Profit triggers when price moves 5% in favor of the position.
Uses strategy.exit() to automatically manage risk.
🔹 Visual Indicators
✔ Gaussian Filter Midline (Blue): Determines trend direction.
✔ Upper Band (Green): Resistance level for potential reversals.
✔ Lower Band (Red): Support level for possible bounces.
✔ Bar Color Coding:
Green Bars: Price trading above Gaussian Filter (bullish trend).
Red Bars: Price trading below Gaussian Filter (bearish trend).
✔ Buy & Sell Markers (plotshape())
Green ⬆ (Buy Signals)
Red ⬇ (Sell Signals)
📈 Strategy Use Case
Best for trend-following traders who want smooth, noise-free signals.
Ideal for swing traders targeting 2-5% price moves on NVDA.
Reduces false breakouts by requiring both Gaussian trend confirmation and Stochastic RSI crossovers.
Works well on high-liquidity stocks like NVDA, especially in volatile conditions.
🚀 Summary
✅ Combines trend detection (Gaussian Filter) with momentum confirmation (Stochastic RSI).
✅ Automated buy/sell execution with visual confirmations.
✅ Risk-controlled strategy with Stop Loss (2%) and Take Profit (5%).
✅ Optimized for NVDA stock, with proper execution & capital allocation.
Green & Red Candle SignalThis is a simple entry technique for entry and exit signals. Whenever the candle goes GREEN from WHITE, you can enter the trade on long sideanywhere in between the GREEN candle, keeping STOP below prior lowest WHITE. Trail you profits. Similarly when the candle goes RED from WHITE, you can enter the trade on short side anywhere in between the RED candle, keeping STOP above prior highest WHITE
Spike Strategy 1h Optimized ETHCandle spike take profit. Take profit avery time you have a bearish or bullish candle on the 1 hour chart. It is optimized for Ethereum.
ADR by CTL modelled on TREPENG'sThis is an ADR indicator, a modified version of trepengs.
New ADR levels added 100/150/200/250/300%
Arrow functions and labels option, added to show when candles touch the above levels
Candle Volume DisplayCandle Volume Display Indicator
Version: 1.0
Author: pool_shark
Pine Script Version: v5
Description:
The Candle Volume Display Indicator overlays real-time trading volume on each candlestick by displaying a small label above the candle.
Features:
Displays volume as a label above each candle.
Uses dynamic text conversion to ensure accurate volume representation.
Labels are positioned at the high of each bar for clear visibility.
Customizable label color, text color, and size for easy readability.
Ideal for traders who want a quick volume reference on their price chart.
How to Use:
Add this script to your TradingView chart.
The indicator will automatically overlay volume labels on each candlestick.
Use it to quickly spot high or low volume trends without looking at the volume panel.
FShariar_Engulfing Pattern with Dynamic LevelsThis Pine Script indicator, created by Fshariar, detects Bullish and Bearish Engulfing patterns and plots dynamic Fibonacci retracement levels based on recent price action. It uses customizable lookback periods to identify engulfing candles and calculate the highest high/lowest low for Fibonacci levels. A volume filter is included to potentially improve signal quality. Fibonacci levels are automatically drawn upon engulfing pattern detection, extending to the right. Traders can customize Fibonacci levels and the volume factor. Alerts are triggered for bullish and bearish engulfing signals. This indicator aims to help traders identify potential reversal points. Remember, no indicator is perfect, and proper risk management is essential. Backtesting is highly recommended.
Hammer & Inverted Hammer DetectorThis Pine Script indicator detects Hammer and Inverted Hammer candlestick patterns based on price action and VWAP (Volume Weighted Average Price). It evaluates the relationship between the current and previous candles, checking shadow lengths and body size to confirm the pattern. If a Hammer is identified, a green upward label appears below the candle, while an Inverted Hammer is marked with a red downward label above the candle.
High/Low LabelsThis simple Version 6 script labels each bar on the chart with Green labels noting HH for higher highs and HL for higher lows. And Red labels noting LH for lower highs and LL for lower lows. Works on any Trading View chart and any time frame. Any comments or suggestions, please do!
Trend & ADX by Gideon for Indian MarketsThis indicator is designed to help traders **identify strong trends** using the **Kalman Filter** and **ADX** (Average Directional Index). It provides **Buy/Sell signals** based on trend direction and ADX strength. I wanted to create something for Indian markets since there are not much available.
In a nut-shell:
✅ **Buy when the Kalman Filter turns green, and ADX is strong.
❌ **Sell when the Kalman Filter turns red, and ADX is strong.
📌 **Ignore signals if ADX is weak (below threshold).
📊 Use on 5-minute timeframes for intraday trading.
------------------------------------------------------------------------
1. Understanding the Indicator Components**
- **Green Line:** Indicates an **uptrend**.
- **Red Line:** Indicates a **downtrend**.
- The **line color change** signals a potential **trend reversal**.
**ADX Strength Filter**
- The **ADX (orange line)** measures trend strength.
- The **blue horizontal line** marks the **ADX threshold** (default: 20).
- A **Buy/Sell signal is only valid if ADX is above the threshold**, ensuring a strong trend.
**Buy & Sell Signals**
- **Buy Signal (Green Up Arrow)**
- Appears **one candle before** the Kalman line turns green.
- ADX must be **above the threshold** (default: 20).
- Suggests entering a **long position**.
- **Sell Signal (Red Down Arrow)**
- Appears **one candle before** the Kalman line turns red.
- ADX must be **above the threshold** (default: 20).
- Suggests entering a **short position**.
2. Best Settings for 5-Minute Timeframe**
For day trading on the **5-minute chart**, the following settings work best:
- **Kalman Filter Length:** `50`
- **Process Noise (Q):** `0.1`
- **Measurement Noise (R):** `0.01`
- **ADX Length:** `14`
- **ADX Threshold:** `20`
- **(Increase to 25-30 for more reliable signals in volatile markets)**
3. How to Trade with This Indicator**
**Entry Rules**
✅ **Buy Entry**
- Wait for a **green arrow (Buy Signal).
- Kalman Line must **turn green**.
- ADX must be **above the threshold** (strong trend confirmed).
- Enter a **long position** on the next candle.
❌ **Sell Entry**
- Wait for a **red arrow (Sell Signal).
- Kalman Line must **turn red**.
- ADX must be **above the threshold** (strong trend confirmed).
- Enter a **short position** on the next candle.
**Exit & Risk Management**
📌 **Stop Loss**:
- Place stop-loss **below the previous swing low** (for buys) or **above the previous swing high** (for sells).
📌 **Take Profit:
- Use a **Risk:Reward Ratio of 1:2 or 1:3.
- Exit when the **Kalman Filter color changes** (opposite trend signal).
📌 **Avoid Weak Trends**:
- **No trades when ADX is below the threshold** (low trend strength).
4. Additional Tips
- Works best on **liquid assets** like **Bank Nifty, Nifty 50, and large-cap stocks**.
- **Avoid ranging markets** with low ADX values (<20).
- Use alongside **volume analysis and support/resistance levels** for confirmation.
- Experiment with **ADX Threshold (increase for stronger signals, decrease for more trades).**
Best of Luck traders ! 🚀
3ATMANE SUPP AND RESIST WITH TREND BARSupport & Resistance: The indicator identifies potential support and resistance levels based on a zigzag pattern. It uses a "depth" and "deviation" input to determine the swings in price that define the zigzag. You can choose to display these levels as either lines or boxes.
TrendBars: The indicator also calculates and displays TrendBars, which are bars colored green for uptrends and red for downtrends. This is based on a calculation involving the difference between the current price and the price 'per' periods ago, smoothed by an adaptive average period.
Diagonal Lines: The script draws diagonal lines connecting the zigzag turning points. These lines visualize the overall trend and can also have support and resistance lines plotted along them.
Inputs and Customization:
The script offers a wide array of customization options through its inputs:
Current S/R Setting:
Horizontal type: Choose between displaying support/resistance as boxes or lines.
Depth: The lookback period for identifying swing highs and lows for the zigzag calculation. Higher values mean fewer, stronger levels.
Deviation: The minimum price change required to define a new swing in the zigzag. Higher values mean fewer swings.
Color: The color of the horizontal support/resistance lines or boxes.
Extend lines: Extends the horizontal support/resistance lines to the right edge of the chart.
Line count: The maximum number of horizontal support/resistance lines or boxes to display.
Diagonal Line Setting:
Line thickness: The thickness of the diagonal zigzag lines.
Line style: The style of the diagonal zigzag lines (solid, dotted, dashed).
Diagonal color: The color of the main diagonal zigzag line.
Zigzag count: The maximum number of diagonal zigzag lines to display.
Diagonal high color: Color for diagonal support/resistance lines related to highs.
Diagonal low color: Color for diagonal support/resistance lines related to lows.
Diagonal S/R line count: The number of support/resistance lines drawn along the diagonal.
Show diagonal S/R lines: Toggles the display of the diagonal support/resistance lines.
Basic Settings (TrendBars):
Source: The price source to use for the TrendBars calculation (e.g., close, open, high, low).
Period: The period used in the TrendBars calculation.
UI Options (TrendBars):
Color bars?: Toggles the coloring of the bars based on the TrendBars calculation.
How it Works (Simplified):
Zigzag Calculation: The f_zigzag function identifies swing highs and lows based on the depth and deviation inputs.
Support/Resistance Levels: Horizontal lines or boxes are drawn at the identified swing points.
Diagonal Lines: The f_addDiagonalLine function connects the zigzag turning points with diagonal lines.
TrendBars Calculation: The script calculates a smoothed trend based on price changes over the specified period and colors the bars accordingly.
Drawing: The script uses line.new, box.new, and label.new to draw the support/resistance levels, diagonal lines, and labels on the chart.
Key Features:
Dynamic Support/Resistance: The levels are recalculated as new price data becomes available.
Customizable: The numerous inputs allow you to tailor the indicator to your specific needs.
TrendBars Integration: Combines support/resistance with a trend indicator for a more comprehensive view.
Uses:
This indicator can be used to:
Identify potential areas of support and resistance.
Visualize the overall trend.
Confirm trend changes.
Potentially identify entry and exit points.
Limitations:
Repainting: Like many zigzag-based indicators, this one can repaint. This means that the levels may adjust as new bars close, potentially changing the appearance of past signals. Be cautious when using it for backtesting or real-time trading decisions.
Subjectivity: The zigzag calculation involves parameters that can be subjective and may require experimentation to find optimal settings for different markets and timeframes.
False Signals: No indicator is perfect, and this one can also generate false signals. Use it in conjunction with other indicators and your own analysis.
This detailed description should give you a good understanding of how the indicator works and how to use it. Remember to experiment with the different settings to find what works best for you.
IFR2 e Cruzamento de Média v1.4 podendo selecionar uma.Strategy for IFR2 and Moving Average crossovers
Strategy for backtesting IFR2 or moving average crossovers
At the exit of the trade, a box appears stating: the reason for the exit:
Green for Take Profit (TP)
Red for Stop Loss (ST)
BLUE for the number of IFR2 candles reached (CD)
PURPLE for Crossing Averages (CZ)
in this box you can also enter the number of tkts and the percentage of the trade taken and the trade number TR = XX
For IFR trades, you can select the IFR2 PERIOD and level and the number of candles to close the trade if it is not closed by TP or LOSS.
When you select the moving average crossover entry, you can choose the period of the fast average and the slow average, in both cases you can select a mm as a filter for the trade entry and the period of this mm.
You can also choose a percentage for TAke Profit and Sop Loss.
We can also select a date to start the Back Test and an end date.
Translated with www.DeepL.com (free version)
Explicação em português:
Estratégia para IFR2 e cruzamento de Media Movel
Estratégia para backTest de IFR2 ou Cruzamento da média Movel
Na saída da operação mostra uma caixa informando: o motivo da saída:
Verde para Take Profit (TP)
Vermelho para Stop Loss (ST)
AZUL para número de candles atingido IFR2 (CD)
Roxo para Cruzamento de Médias (CZ)
nesta caixa ainda informa o numero de tkts e o porcentual da operação realizada e o numero do trade TR = XX
Nas operações por IFR podemos selecionar o PERIODO do e o nivel do IFR2 e a quantidade de candles para fechar a operação se não for fechado por TP ou LOSS.
Quando selecionado a entrada por cruzamento de media movel, podemos escolher o período da media rápida e da média lenta, em ambos os casos podemos selecionar uma mm como filtro para entrada da operação e o período desta mm.
Podemos ainda escolher um porcentual para TAke Profit e Sop Loss.
E ainda selecionar uma data para iniciar o Back Test e uma data final.
ETH Trend Strategy with Multi-Timeframe and ATR ProtectionOverview
The Optimized ETH Trend Strategy is designed to leverage adaptive trend-following techniques using multiple indicators. This strategy combines exponential moving averages (EMA), the Average Directional Index (ADX), and Average True Range (ATR) to identify and execute trades with trend confirmation. The strategy also applies multi-timeframe validation and volume analysis to filter trades, improving the likelihood of success.
This strategy is optimized for Ethereum/USDT but can be tested on other assets. Its most effective results have been observed on the 4-hour timeframe with appropriate adjustments to stop-loss and risk management settings.
Core Features
EMA Trend Detection:
The strategy uses a fast EMA (21-period) and a slow EMA (50-period). A crossover event signals the beginning of a potential trend.
To prevent false signals, a higher timeframe (1-hour) EMA is also checked for trend alignment.
ADX Trend Strength Confirmation:
The ADX indicator measures the strength of a trend. Only trades where ADX exceeds the threshold (default: 25) are considered.
Candlestick and Volume Filters:
Candlestick patterns (e.g., bullish or bearish engulfing) serve as an optional confirmation tool to strengthen trade entries.
Volume is compared to a smoothed moving average to ensure the trade has sufficient market activity.
Dynamic Stop-Loss via ATR:
The ATR (Average True Range) is used to calculate dynamic stop-loss levels, allowing flexibility based on market volatility.
A trailing stop-loss system protects profits during extended trends while minimizing drawdowns.
Strategy Parameters
Parameter Default Value Description
Fast EMA Length 21 The period for the fast EMA, used to detect short-term trends.
Slow EMA Length 50 The period for the slow EMA, providing longer-term trend guidance.
ADX Threshold 25 Minimum ADX value required to confirm a strong trend.
ATR Multiplier 3.0 Multiplier applied to ATR for dynamic stop-loss calculation.
Volume Smoothing Period 20 Period for calculating average volume to filter low-volume conditions.
Use Candlestick Confirmation True Enables or disables additional candlestick pattern confirmation.
Entry and Exit Logic
Long Entry:
A long position is triggered when:
The fast EMA crosses above the slow EMA.
The current price is above the fast EMA.
ADX confirms trend strength.
Multi-timeframe EMA alignment indicates higher timeframe confirmation.
Volume exceeds the smoothed average.
(Optional) A bullish candlestick pattern is detected.
Short Entry:
A short position is triggered under similar conditions but in the opposite direction.
Exit Strategy:
The strategy uses a trailing stop-loss system based on the ATR. This allows the strategy to lock in profits while reducing exposure during market reversals.
Performance Notes
This strategy is designed with risk management in mind, limiting trades to 5% of account equity per trade by default.
Results will vary depending on market conditions and the selected timeframe. During periods of consolidation, false signals may occur more frequently, which is mitigated through volume and trend strength confirmation.
Important Considerations
Backtesting Setup:
The default properties are configured to simulate realistic trading conditions, including a commission of 0.075% per trade.
Users should verify their results with appropriate slippage and commission values for their specific exchange.
No Guarantee of Future Performance:
While this strategy has performed well under historical conditions, past performance does not guarantee future results. Always test strategies thoroughly before live trading.
Customization:
Traders can adjust parameters (e.g., EMA lengths, ATR multiplier, and ADX threshold) to better suit different assets or timeframes. It is recommended to test any changes in a simulated environment.
How to Use
Apply the strategy to your chart on TradingView.
Adjust the parameters according to your asset and timeframe.
Enable alerts to receive notifications for potential trade entries.
Monitor the performance in the strategy tester to assess the effectiveness of your setup.
Disclaimer
This strategy is intended for educational and informational purposes only. It is not financial advice. Users are responsible for their own trading decisions and risk management.
Gap Symbolized on ChartIndicator Description: Gap Analysis with Text Symbols
This indicator analyzes the relationship between the current candle's open price, the previous candle's close price, and the current candle's close price to provide visual insights into price gaps and momentum. It displays text symbols (▼, ▲, ━) above each candle, color-coded to reflect the strength and direction of the gap.
Key Features:
Gap Analysis:
Compares the current candle's open price with the previous candle's close price.
Evaluates the current candle's close price relative to its open price.
Text Symbols:
▼ (Down Arrow): Indicates a bearish movement.
▲ (Up Arrow): Indicates a bullish movement.
━ (Dash): Indicates a neutral or sideways movement.
Color Coding:
Red: Bearish conditions (e.g., price opening lower than the previous close and closing lower than the open).
Orange: Mild bearish or bullish conditions.
Blue: Bullish conditions (e.g., price opening higher than the previous close and closing higher than the open).
Navy: Strong bullish conditions.
Transparent Background:
The text symbols are displayed without any background shape, ensuring they do not obstruct the chart.
Use Cases:
Identify Gaps: Quickly spot gaps between the previous close and the current open.
Momentum Analysis: Assess the strength and direction of price movements.
Visual Clarity: The minimalist design (text symbols only) keeps the chart clean and easy to interpret.
How to Use:
Add the indicator to your chart.
Observe the text symbols above each candle:
Red ▼: Strong bearish momentum.
Blue ▲: Strong bullish momentum.
━: Neutral or consolidation phase.
Use the insights to confirm trends, spot reversals, or identify potential entry/exit points.
