Real-Time HTF Volume Footprint [BigBeluga]Real-time HTF Volume Footprint Profile is designed to provide a comprehensive view of higher timeframe volume profiles on your current chart. It overlays critical volume information from larger timeframes (like daily, weekly, or monthly) onto lower timeframe charts, helping you spot significant levels where volume is concentrated, acting as potential support or resistance.
🔵 Key Features:
HTF High and Low Zones: The indicator highlights the high and low of the chosen higher timeframe with clear zones, marking them with boxes. These zones help you see the broader market structure at a glance.
Volume Profile within HTF Range: Each higher timeframe range displays a volume profile, showing the distribution of volume at each price level. The most-traded price is highlighted in blue, known as the Point of Control (POC), indicating the price level with the highest activity.
Dynamic POC Option: Activate Dynamic POC to observe how the Point of Control shifts over time, giving insight into changing market interests and potential price direction.
Timeframe Flexibility: Select from daily, weekly, and monthly ranges (and more) to overlay their footprint profiles on your lower timeframe chart. This helps you tailor the indicator to the trading horizon that suits your strategy.
Info Table: Table shows a traders which timeframe is selected with last high and low of the selected timeframe
Visual Clarity with Custom Colors: The indicator uses subtle fills and distinct colors to ensure volume profile data integrates seamlessly into your chart without overwhelming other indicators or price data.
🔵 When to Use:
The HTF Volume Footprint Profile is essential for traders who want to bridge the gap between high-timeframe and intraday analysis. By visualizing HTF volume distribution on lower timeframes, this tool helps you:
Spot potential liquidity zones where price might react.
Identify support and resistance levels within HTF ranges.
Monitor PoC shifts that indicate changes in market behavior.
Track how current price aligns with significant volume clusters, providing a clear edge for volume-based strategies.
This indicator empowers traders to analyze lower timeframes with the context of higher timeframe volume profiles, providing a solid basis for identifying critical support and resistance levels shaped by large volume clusters. Whether you’re looking to spot liquidity zones or align your trades with broader market trends, HTF Volume Footprint Profile equips you with a strategic view.
Highertimeframes
Momentum Nexus Oscillator [UAlgo]The "Momentum Nexus Oscillator " indicator is a comprehensive momentum-based tool designed to provide traders with visual cues on market conditions using multiple oscillators. By combining four popular technical indicators—RSI (Relative Strength Index), VZO (Volume Zone Oscillator), MFI (Money Flow Index), and CCI (Commodity Channel Index)—this heatmap offers a holistic view of the market's momentum.
The indicator plots two lines: one representing the current chart’s combined momentum score and the other representing a higher timeframe’s (HTF) score, if enabled. Through smooth gradient color transitions and easy-to-read signals, the Momentum Nexus Heatmap allows traders to easily identify potential trend reversals or continuation patterns.
Traders can use this tool to detect overbought or oversold conditions, helping them anticipate possible long or short trade opportunities. The option to use a higher timeframe enhances the flexibility of the indicator for longer-term trend analysis.
🔶 Key Features
Multi-Oscillator Approach: Combines four popular momentum oscillators (RSI, VZO, MFI, and CCI) to generate a weighted score, providing a comprehensive picture of market momentum.
Dynamic Color Heatmap: Utilizes a smooth gradient transition between bullish and bearish colors, reflecting market momentum across different thresholds.
Higher Timeframe (HTF) Compatibility: Includes an optional higher timeframe input that displays a separate score line based on the same momentum metrics, allowing for multi-timeframe analysis.
Customizable Parameters: Adjustable RSI, VZO, MFI, and CCI lengths, as well as overbought and oversold levels, to match the trader’s strategy or preference.
Signal Alerts: Built-in alert conditions for both the current chart and higher timeframe scores, notifying traders when long or short entry signals are triggered.
Buy/Sell Signals: Displays visual signals (▲ and ▼) on the chart when combined scores reach overbought or oversold levels, providing clear entry cues.
User-Friendly Visualization: The heatmap is separated into four sections representing each indicator, providing a transparent view of how each contributes to the overall momentum score.
🔶 Interpreting Indicator:
Combined Score
The indicator generates a combined score by weighing the individual contributions of RSI, VZO, MFI, and CCI. This score ranges from 0 to 100 and is plotted as a line on the chart. Lower values suggest potential oversold conditions, while higher values indicate overbought conditions.
Color Heatmap
The indicator divides the combined score into four distinct sections, each representing one of the underlying momentum oscillators (RSI, VZO, MFI, and CCI). Bullish (greenish) colors indicate upward momentum, while bearish (grayish) colors suggest downward momentum.
Long/Short Signals
When the combined score drops below the oversold threshold (default is 26), a long signal (▲) is displayed on the chart, indicating a potential buying opportunity.
When the combined score exceeds the overbought threshold (default is 74), a short signal (▼) is shown, signaling a potential sell or short opportunity.
Higher Timeframe Analysis
If enabled, the indicator also plots a line representing the combined score for a higher timeframe. This can be used to align lower timeframe trades with the broader trend of a higher timeframe, providing added confirmation.
Signals for long and short entries are also plotted for the higher timeframe when its combined score reaches overbought or oversold levels.
🔶Purpose of Using Multiple Technical Indicators
The combination of RSI, VZO, MFI, and CCI in the Momentum Nexus Heatmap provides a comprehensive approach to analyzing market momentum by leveraging the unique strengths of each indicator. This multi-indicator method minimizes the limitations of using just one tool, resulting in more reliable signals and a clearer understanding of market conditions.
RSI (Relative Strength Index)
RSI contributes by measuring the strength and speed of recent price movements. It helps identify overbought or oversold levels, signaling potential trend reversals or corrections. Its simplicity and effectiveness make it one of the most widely used indicators in technical analysis, contributing to momentum assessment in a straightforward manner.
VZO (Volume Zone Oscillator)
VZO adds the critical element of volume to the analysis. By assessing whether price movements are supported by significant volume, VZO distinguishes between price changes that are driven by real market conviction and those that might be short-lived. It helps validate the strength of a trend or alert the trader to potential weakness when price moves are unsupported by volume.
MFI (Money Flow Index)
MFI enhances the analysis by combining price and volume to gauge money flow into and out of an asset. This indicator provides insight into the participation of large players in the market, showing if money is pouring into or exiting the asset. MFI acts as a volume-weighted version of RSI, giving more weight to volume shifts and helping traders understand the sustainability of price trends.
CCI (Commodity Channel Index)
CCI contributes by measuring how far the price deviates from its statistical average. This helps in identifying extreme conditions where the market might be overextended in either direction. CCI is especially useful for spotting trend reversals or continuations, particularly during market extremes, and for identifying divergence signals.
🔶 Disclaimer
Use with Caution: This indicator is provided for educational and informational purposes only and should not be considered as financial advice. Users should exercise caution and perform their own analysis before making trading decisions based on the indicator's signals.
Not Financial Advice: The information provided by this indicator does not constitute financial advice, and the creator (UAlgo) shall not be held responsible for any trading losses incurred as a result of using this indicator.
Backtesting Recommended: Traders are encouraged to backtest the indicator thoroughly on historical data before using it in live trading to assess its performance and suitability for their trading strategies.
Risk Management: Trading involves inherent risks, and users should implement proper risk management strategies, including but not limited to stop-loss orders and position sizing, to mitigate potential losses.
No Guarantees: The accuracy and reliability of the indicator's signals cannot be guaranteed, as they are based on historical price data and past performance may not be indicative of future results.
Breadth - MTF Cumulative New Highs - New LowsBreadth - MTF Cumulative New Highs - New Lows
📈 Plots cumulative 52W New Highs - New Lows with various timeframes/exchanges.
There are already similar scripts available. This just adds more exchanges and timeframe options.
Key Features :
🔄 Repaint Control: Toggle between repainting and non-repainting modes to align with your trading approach.
📊 Adjustable Timeframes: Fine-tune the timeframe multiplier to fit your analytical needs.
📉 MA Integration: Leverage a Moving Average to identify and follow trends.
🔄 Exchange Selection: Choose from a range of markets for targeted analysis.
Trading with Awareness:
This tool is designed to augment your trading strategy by offering additional insights. It's not a crystal ball for market behavior but a lens to view market dynamics more clearly.
Usage:
Primarily intended for educational and informational purposes. Not to be taken as direct investment advice.
Directional Bias [AlgoAlpha]The Directional Bias indicator is a premium script expertly crafted to enhance market trend visualization on trading charts. This sophisticated tool is designed to intuitively indicate the market's directional bias, aiding traders in making informed decisions on lower time frames.
Highlighted Features:
Intuitive Trend Visualization: The script employs a color-coded system for candles, simplifying the process of trend identification
Customizable Aesthetics: Users have the option to personalize the visual elements, including candle colors, to suit their preferences and enhance chart readability.
Advanced Logic: The script is built on a proprietary algorithm that analyzes candlestick patterns to determine the current trend direction.
Key Benefits:
Enhanced Decision Making: By offering a clear depiction of the market's directional bias, the indicator assists traders in making more informed entry and exit decisions, particularly suited for quick decision-making on lower timeframes.
Adaptability to Market Conditions: The script dynamically adjusts to changing market conditions, providing relevant and timely indications of trend changes or continuations.
Versatile Application: Suitable for various trading styles, the indicator can be effectively used in day trading, scalping, or even in longer-term trading strategies, depending on the timeframe selected.
Summary:
The "Directional Bias" indicator stands out as a vital tool for traders focusing on lower timeframes, offering an intuitive, customizable, and dynamic approach to trend visualization. Its advanced proprietary logic and user-friendly interface make it a valuable asset in a trader's toolkit, enhancing the ability to quickly interpret and react to market movements.
HTF Candle Insights (Expo)█ Overview
The HTF Candle Insights indicator helps traders see what's happening in larger time frames (HTF) while they're looking at smaller ones. This tool lets traders get a complete picture of market trends and price movements, helping them make smarter trading choices. It's really useful for traders who want to understand the main market trends without constantly switching between different chart timeframes.
In simpler terms , this indicator brings the big picture into the smaller frame, so traders don't miss out on what's important while focusing on the details.
█ How It Works
The indicator plots HTF candles on the existing chart, allowing users to view them concurrently with the candles of the current timeframe. This dual visual representation helps in discerning the prevalent market trends and significant price levels from both the current and higher timeframes.
█ How to Use
Trend Analysis
Traders can leverage this indicator to analyze overall market trends by observing HTF candles alongside the current timeframe candles. Recognizing HTF trends aids in aligning trades with the dominant market movement, potentially increasing the probability of successful trades.
Support and Resistance Identification
By viewing the high, low, and mid-levels of HTF candles, traders can identify potential support and resistance zones, enabling them to establish strategic entry and exit points, place stop-losses effectively, and manage risk proficiently.
█ Settings
Timeframe and Candle Amount:
Users can specify the higher timeframe and the number of HTF candles they wish to visualize on their current chart.
Visual Adjustments:
Traders can customize the color schemes for upward and downward candles and their wicks, and adjust the visibility and colors of the range lines, allowing for a tailored visual experience.
Range Lines:
Users have the option to display the high/low range of the displayed candles, and, if preferred, the mid-range line, enabling them to gain insights into significant price levels and ranges.
Table Display:
The indicator offers the ability to display a table, which provides an overview of the current chart's timeframe and the specified HTF.
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Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
libHTF[without request.security()]Library "libHTF"
libHTF: use HTF values without request.security()
This library enables to use HTF candles without request.security().
Basic data structure
Using to access values in the same manner as series variable.
The last member of HTF array is always latest current TF's data.
If new bar in HTF(same as last bar closes), new member is pushed to HTF array.
2nd from the last member of HTF array is latest fixed(closed) bar.
HTF: How to use
1. set TF
tf_higher() function selects higher TF. TF steps are ("1","5","15","60","240","D","W","M","3M","6M","Y").
example:
tfChart = timeframe.period
htf1 = tf_higher(tfChart)
2. set HTF matrix
htf_candle() function returns 1 bool and 1 matrix.
bool is a flag for start of new candle in HTF context.
matrix is HTF candle data(0:open,1:time_open,2:close,3:time_close,4:high,5:time:high,6:low,7:time_low).
example:
=htf_candle(htf1)
3. how to access HTF candle data
you can get values using .lastx() method.
please be careful, return value is always float evenif it is "time". you need to cast to int time value when using for xloc.bartime.
example:
htf1open=m1.lastx("open")
htf1close=m1.lastx("close")
//if you need to use histrical value.
lastopen=open
lasthtf1open=m1.lastx("open",1)
4. how to store Data of HTF context
you have to use array to store data of HTF context.
array.htf_push() method handles the last member of array. if new_bar in HTF, it push new member. otherwise it set value to the last member.
example:
array a_close=array.new(1,na)
a_close.htf_push(b_new_bar1,m1.lastx("close"))
HTFsrc: How to use
1. how to setup src.
set_src() function is set current tf's src from string(open/high/low/close/hl2/hlc3/ohlc4/hlcc4).
set_htfsrc() function returns src array of HTF candle.
example:
_src="ohlc4"
src=set_src(_src)
htf1src=set_htfsrc(_src,b_new_bar1,m1)
(if you need to use HTF src in series float)
s_htf1src=htf1src.lastx()
HighLow: How to use
1. set HTF arrays
highlow() and htfhighlow() function calculates high/low and return high/low prices and time.
the functions return 1 int and 8arrays.
int is a flag for new high(1) or new low(-1).
arrays are high/low and return high/low data. float for price, int for time.
example
=
highlow()
=
htfhighlow(m1)
2. how to access HighLow data
you can get values using .lastx() method.
example:
if i_renew==1
myhigh=a_high.lastx()
//if you need to use histrical value.
myhigh=a_high.lastx(1)
other functions
functions for HTF candle matrix or HTF src array in this script are
htf_sma()/htf_ema()/htf_rma()
htf_rsi()/htf_rci()/htf_dmi()
method lastx(arrayid, lastindex)
method like array.last. it returns lastindex from the last member, if parameter is set.
Namespace types: float
Parameters:
arrayid (float )
lastindex (int) : (int) default value is "0"(the last member). if you need to access historical value, increment it(same manner as series vars).
Returns: float value of lastindex from the last member of the array. returns na, if fail.
method lastx(arrayid, lastindex)
method like array.last. it returns lastindex from the last member, if parameter is set.
Namespace types: int
Parameters:
arrayid (int )
lastindex (int) : (int) default value is "0"(the last member). if you need to access historical value, increment it(same manner as series vars).
Returns: int value of lastindex from the last member of the array. returns na, if fail.
method lastx(m, _type, lastindex)
method for handling htf matrix.
Namespace types: matrix
Parameters:
m (matrix) : (matrix) matrix for htf candle.
_type (string) : (string) value type of htf candle:
lastindex (int) : (int) default value is "0"(the last member).
Returns: (float) value of htf candle. (caution: need to cast float to int to use time values!)
method set_last(arrayid, val)
method to set a value of the last member of the array. it sets value to the last member.
Namespace types: float
Parameters:
arrayid (float )
val (float) : (float) value to set.
Returns: nothing
method htf_push(arrayid, b, val)
method to push new member to htf context. if new bar in htf, it works as push. else it works as set_last.
Namespace types: float
Parameters:
arrayid (float )
b (bool) : (bool) true:push,false:set_last
val (float) : (float) _f the value to set.
Returns: nothing
method tf_higher(tf)
method to set higher tf from tf string. TF steps are .
Namespace types: series string, simple string, input string, const string
Parameters:
tf (string) : (string) tf string
Returns: (string) string of higher tf.
htf_candle(_tf, _TZ)
build htf candles
Parameters:
_tf (string) : (string) tf string.
_TZ (string) : of timezone. default value is "GMT+3".
Returns: bool for new bar@htf and matrix for snapshot of htf candle
set_src(_src_type)
set src.
Parameters:
_src_type (string) : (string) type of source:
Returns: (series float) src value
set_htfsrc(_src_type, _nb, _m)
set htf src.
Parameters:
_src_type (string) : (string) type of source:
_nb (bool) : (bool) flag of new bar
_m (matrix) : (matrix) matrix for htf candle.
Returns: (array) array of src value
is_up()
last_is_up()
peak_bottom(_latest, _last)
Parameters:
_latest (bool)
_last (bool)
htf_is_up(_m)
Parameters:
_m (matrix)
htf_last_is_up(_m)
Parameters:
_m (matrix)
highlow(_b_bartime_price)
Parameters:
_b_bartime_price (bool)
htfhighlow(_m, _b_bartime_price)
Parameters:
_m (matrix)
_b_bartime_price (bool)
htf_sma(_a_src, _len)
Parameters:
_a_src (float )
_len (int)
htf_rma(_a_src, _new_bar, _len)
Parameters:
_a_src (float )
_new_bar (bool)
_len (int)
htf_ema(_a_src, _new_bar, _len)
Parameters:
_a_src (float )
_new_bar (bool)
_len (int)
htf_rsi(_a_src, _new_bar, _len)
Parameters:
_a_src (float )
_new_bar (bool)
_len (int)
rci(_src, _len)
Parameters:
_src (float)
_len (int)
htf_rci(_a_src, _len)
Parameters:
_a_src (float )
_len (int)
htf_dmi(_m, _new_bar, _len, _ma_type)
Parameters:
_m (matrix)
_new_bar (bool)
_len (int)
_ma_type (string)
HTF Support & Resistance [QuantVue]The "HTF Support / Resistance" indicator highlights critical price levels across multiple timeframes helping you recognize major support/resistance areas.
Whether you're a day trader needing to understand the current day's price action, or a long-term investor looking to analyze yearly trends, this indicator can be a valuable addition to your trading toolkit.
The daily levels, which can be enabled or disabled according to your preference, will give you insights into the open, high, and low levels for the current and previous day.
Similarly, weekly levels provide information for the current and previous weeks, while monthly levels cover the current and previous months.
In addition, the indicator offers more extended views through its quarterly and yearly levels. These will help you understand long-term trends and major support/resistance areas, and they can be particularly beneficial for major support/resistance levels.
Features:
🔹Visualization: View support and resistance levels from Daily, Weekly, Monthly, Quarterly, and Yearly timeframes.
🔹Customizable Appearance: Tailor the display colors and line styles for each level according to your preferences.
🔹Clear Labeling: Each level is clearly labeled for quick identification.
🔹Extension Option: Opt to extend the support and resistance lines across the chart for better visualization.
Give this indicator a BOOST and COMMENT your thoughts!
We hope you enjoy.
Cheers.
Breakout Band v1.0This indicator uses a custom source to define a point of relativity to which regions are based off to aid in technical analysis.
Breakout Band's use is:
- Monitoring trends
- Defining trends
- Defining areas of consolidation
- Trend support / resistance levels
- Aid in technical analysis
However, the band provides information different to that of an EMA, as they are not created from the same source, ref Fig 1.
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Fig 1
Breakout Band compared to an EMA, both with a length setting of 20.
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The primary band uses your charts timeframe to plot the band. This can be useful for more immediate information, ref Fig 2.
Fig 2
BTC on a 15m chart with Breakout Band's Chart Timeframe option.
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There is also a functionality for a higher timeframe band to be plotted ( currently limited to 4 higher timeframes ) which can help to view higher timeframe moves with lower timeframe information, ref Fig 3. The higher timeframe band has an added smoothing effect.
Fig 3.
The same chart as referenced in Fig 2., while using Breakout Bands HTF option ( 60m band ).
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USING BREAKOUT BAND
The band provides potential areas of consolidation, as seen in Fig 4., and when price action falls outside of the band, it can be considered trending.
Fig 4.
Defining areas of consolidation, trends, and monitor trends with Breakout Band.
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Different zones are given different colors. The closer to the middle of the band, the higher chance of reactivity. Meaning, there is a greater chance that price will have a reaction within this zone. Whether that be trend continuation or a break of structure, showing signs of weakness of a trend, ref Fig 5.
Fig 5.
Breakout Bands reactivity region showing an area of potential resistance, which price action enters, then the trend continues.
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NOTE : The same principles apply if you're using the HTF band for monitoring HTF trends.
I hope you enjoy the Breakout Band. Should you encounter any issues or have any suggestions for improving this indicator, let me know.
Any and all feedback is appreciated.
Support Resistance Classification (VR) [LuxAlgo]The Support Resistance Classification (VR) indicator shows SR levels on any chart's visible range using higher time-frame data (HTF). Levels are classified 1 through 10 based on their strength, with lower values indicating stronger support/resistance levels.
This indicator uses visible range functionality, whereas if you adjust your chart to show previous price data, the indicator may show new levels.
🔶 USAGE
Certain indicators on higher timeframes can provide longer term support/resistance levels on lower timeframes. Users can use the provided levels on a chart visible range and use them as reference for future support/resistance levels.
The classification algorithm measures the strength of a support/resistance level using the entire chart visible range and is in a range of 1 to 10, with higher values indicating a weaker support/resistance.
Supports/resistances highlighted by the indicator can be used for future applications by marking them on the chart (quickly done with alt + h).
🔶 DETAILS
All calculations are based on what you see on the Visible Chart, as such changing the chart will recalculate the indicator.
Since only Swings which are not broken are included, every break would exclude that swing. Therefore, even when 'value' is chosen at Settings ('Value'), breaks are always calculated on the entire line.
🔶 SETTINGS
Fade: After x breaks the line becomes invisible
Value:
value:
• SMA, upper/lower: the breaks are triggered on the moving average itself
• Fibonacci Pivot Point levels, Previous High, Previous Low: only last HTF values can be used for breaks
• Swings (see SWING SETTINGS)
line:
• SMA, upper/lower: the breaks are triggered on the entire line, based on its latest value
• Fibonacci Pivot Point Levels, Previous High, Previous Low: breaks are triggered on the entire line, based on its latest value
• Swings (see SWING SETTINGS)
🔹 Swing Settings
Swings are always calculated at current timeframe, setting a HTF is not applicable on Swings.
Left/Right: for Swing calculation ( pivothigh , pivotlow )
Show: enables you to see the pivot points
🔹 Set
N°: The concerning number
TYPE:
• SMA (Simple Moving Average)
• Previous High/Low
• Upper/Lower ( Bollinger Bands )
• Pivot Point levels : "Fibonacci"
LENGTH: sets the 'Number of bars', needed for calculations (applicable for SMA, upper/lower)
MULT: sets the 'Standard deviation factor' (only applicable for upper/lower - BB)
HTF: sets 'Higher Time Frame' (applicable for SMA, upper/lower, Previous High/Low, Fibonacci)
🔹 Show Values
You can make up to 5 values visible (if you want to check/verify), except for Swings (see SWING SETTINGS)
To do so, enable (A -> E), and choose the N° you want to see.
This also is a useful tool if you're not sure which value you want to set.
TWA - HTF Candle ColorOverview:
This indicator is designed to assist trend traders by confirming the market's direction on a higher timeframe and providing overlays to determine the strength and longevity of the current trend. Its goal is to help traders develop a probability-based mindset, enabling them to remain in profitable trades for longer periods and to identify when the trend might be shifting.
Main features and how to use:
The main feature of the indicator is the green and red coloring of the candles. The candles can be used to determine market direction and use that bias to pick a trading direction. The contrarian candle overlay is another useful feature that helps trend traders identify potential trend reversals. To use this feature, traders should wait until the overlay candle coloring "clicks off" to determine the probability that the current move has reached its peak or bottom and to look for a larger retracement. The unique flexibility of this feature allows trend traders to see both sides of the story.
Calculations and what makes this original:
- It finds breaks of common fibonacci retracement and extension values on a higher time frame using my proprietary williams % R indicator to find
trend direction
- To help add more confirmation to trend direction the proprietary algorithm combines the above fibonacci breaks with confirmation from price
breaking beyond multiple deviations measured from bollinger bands.
- From your current charts timeframe it automatically calculates which higher timeframe to analyze.
- The above algorithm from the higher timeframe is distilled down to a green or red candle color on the chart to show market direction.
- It uses a blend of rsi and CCI to calculate contrarian candle coloring to show trend exhaustion.
Additional features
Contrarian candle coloring:
The contrarian candle coloring feature is designed to help trend traders see possible reversals. It overlays a different candle color on top of the HTF candles at certain periods. The unique feature of this addition is its ability to transform a trend-following indicator into a tops and bottom reversion indicator all in one. This flexibility allows traders to see both the contrarian and trend-following perspectives.
Enhanced probability:
This feature helps traders determine the probability of their potential trades long-running potential by changing the background color to green or red. Traders can use this information to help define their risk per trade. For example, if the candle coloring matches the background color, they might choose a long-running move, whereas if the candle coloring does not match the background color, they might opt for a scalping trade. The unique feature of this addition is how it gives traders the ability to view the market from different perspectives all on one screen.
Use Alternate Symbol:
Allows for the candle color to be derived from a separate symbol than the current chart .
Candle Color as Line:
Plots a line across the top or bottom of the chart showing the current color which allows users the ability to use an additional indicator that colors candles.
Contrarian Color as Line:
Plots a line across the top or bottom of the chart showing the current candle color which allows users the ability to use an additional indicator that colors candles.
Candle Color as Background:
Colors the chart background the color of the current HTF candle color which allows users the ability to use an additional indicator that colors candles.
Increase Market Sensitivity:
Quickens the response time for candles to change color which can be helpful for scalping on 1 minute charts.
ALERTS
- Get an alert when the candle color changes to green or red
-Get an alert when the enhanced probability color changes to green or red
-Get an alert when the candle color and enhanced probability color align green or red
ICT HTF Candles (fadi)Plotting a configurable higher timeframe on current chart's timeframe helps visualize price movement without changing timeframes. It also plots FVG and Volume Imbalance on the higher timeframe for easier visualization.
With ICT concepts, we usually wait for HTF break of structure and then find an entry on a lower timeframe. With this indicator, we can set it to the HTF and watch the develop of price action until the break of structure happens. We can then take an entry on the current timeframe.
Settings
HTF Higher timeframe to plot
Number of candles to display The number of higher timeframe candles to display to the right of current price action
Body/Border/Wick The candle colors for the body, border, and wick
Padding from current candles The distance from current timeframe's candles
Space between candles Increase / decrease the candle spacing
Candle width The size of the candles
Imbalance
Fair Value Gap Show / Hide FVG on the higher timeframe
Volume Imbalance Show / Hide Volume Imbalance on the higher timeframe
Trace
Trace lines Extend the OHLC lines of the higher timeframe and the source of each
Label Show/Hide the price levels of the OHLC
Weekly Options Expiry Candle V.2In India Weekly options expire on Thursday and that creates a different price action candle than the week timeframe.
My previous script Weekly Options Expiry Candle has some limitations. This script overcame those limitations and added some features.
You can use this in any intraday time frame candle.
It will show:
All expiry candle in box format
Expiry OHLC label
Pivot (Floor or Fibonacci) based on expiry OHLC data
Developing Expiry candle and Pivot
A table showing expiry range(high-low) and Expiry body abs(open-close) stats.
You can turn on or off any feature.
Please let me know if you found this script useful or have any questions or suggestions.
NSE:BANKNIFTY
NSE:NIFTY
Strategy for UT Bot Alerts indicator Using the UT Bot alerts indicator by @QuantNomad, this strategy was designed for showing an example of how this indicator could be used, also, it has the goal to help some people from a group that use to use this indicator for their trading. Under any circumstance I recommend to use it without testing it before in real time.
Backtesting context: 2020-02-05 to 2023-02-25 of BTCUSD 4H by Tvc. Commissions: 0.03% for each entry, 0.03% for each exit. Risk per trade: 2.5% of the total account
For this strategy, 3 indicators are used:
UT Bot Alerts indicator by Quantnomad
One Ema of 200 periods for indicate the trend
Atr stop loss from Gatherio
Trade conditions:
For longs:
Close price is higher than Atr from UT Bot
Ema from UT Bot cross over Atr from UT Bot.
This gives us our long signal. Stop loss will be determined by atr stop loss (white point), break even(blue point) by a risk/reward ratio of 0.75:1 and take profit of 3:1 where half position will be closed. This will be showed as buy (open long position)
The other half will be closed when close price is lower than Atr and Ema from UT Bot cross under Atr. This will be showed as cl buy (close long position)
For shorts:
Close price is lower than Atr from UT Bot
Ema from UT Bot cross over Atr from UT Bot.
This gives us our short signal. Stop loss will be determined by atr stop loss (white point), break even(blue point) by a risk/reward ratio of 0.75:1 and take profit of 3:1 where half position will be closed. This will be showed as sell (open short position)
The other half will be closed when close price is higher than Atr and Ema from UT Bot cross over Atr. This will be showed as cl sell (close short position)
Risk management
For calculate the amount of the position you will use just a small percent of your initial capital for the strategy and you will use the atr stop loss for this.
Example: You have 1000 usd and you just want to risk 2,5% of your account, there is a long signal at price of 20,000 usd. The stop loss price from atr stop loss is 19,000. You calculate the distance in percent between 20,000 and 19,000. In this case, that distance would be of 5,0%. Then, you calculate your position by this way: (initial or current capital * risk per trade of your account) / (stop loss distance).
Using these values on the formula: (1000*2,5%)/(5,0%) = 500usd. It means, you have to use 500 usd for risking 2.5% of your account.
We will use this risk management for apply compound interest.
In settings, with position amount calculator, you can enter the amount in usd of your account and the amount in percentage for risking per trade of the account. You will see this value in green color in the upper left corner that shows the amount in usd to use for risking the specific percentage of your account.
Script functions
Inside of settings, you will find some utilities for display atr stop loss, break evens, positions, signals, indicators, etc.
You will find the settings for risk management at the end of the script if you want to change something. But rebember, do not change values from indicators, the idea is to not over optimize the strategy.
If you want to change the initial capital for backtest the strategy, go to properties, and also enter the commisions of your exchange and slippage for more realistic results.
In risk managment you can find an option called "Use leverage ?", activate this if you want to backtest using leverage, which means that in case of not having enough money for risking the % determined by you of your account using your initial capital, you will use leverage for using the enough amount for risking that % of your acount in a buy position. Otherwise, the amount will be limited by your initial/current capital
---> Do not forget to deactivate Trades on chart option in style settings for a cleaner look of the chart <---
Some things to consider
USE UNDER YOUR OWN RISK. PAST RESULTS DO NOT REPRESENT THE FUTURE.
DEPENDING OF % ACCOUNT RISK PER TRADE, YOU COULD REQUIRE LEVERAGE FOR OPEN SOME POSITIONS, SO PLEASE, BE CAREFULL AND USE CORRECTLY THE RISK MANAGEMENT
Do not forget to change commissions and other parameters related with back testing results!
Strategies for trending markets use to have more looses than wins and it takes a long time to get profits, so do not forget to be patient and consistent !
---> The strategy can still be improved, you can change some parameters depending of the asset and timeframe like risk/reward for taking profits, for break even, also the main parameters of the UT Bot Alerts <----
Buy Sell Signal ScannerThis is a higher timeframe scanner that detects whether the market is bullish or bearish according to our Buy Sell Indicator on up to 8 different timeframes. It can also be customized to scan different tickers so you can scan tickers that typically move with or against the ticker you are trading for extra confirmation. The scanner can be configured to use the exact same settings that you use with the Buy Sell Indicator so everything is using the same formula.
For price action identification, scalp mode looks at the candle body, candle wicks and size of the body and wicks and compares all of that to the previous candle to see if it is bullish or bearish. Swing mode will compare the current candle to the last 2 candles and long swing mode will compare the current candle to the last 10 candles. It’s looking for higher highs & lower lows, if the candle body is large or small and much more.
There are also filters that prevent signals from being given when the candle is small or has not made a higher high or lower low compared to the previous candle and multiple other filters to help hold positions longer. Once the price action direction has been confirmed, then the script looks at a massive amount of other calculations to determine if a signal should be given or not. These calculations are made up of all of my best indicators combined into a master signal generator as well as more new calculations from things I have learned over time and tested extensively that have not been made available to the public until now.
Price action as well as many other factors will all have to be confirming the direction before a signal can come in, but it reacts very quickly so it can give early signals at the first sign of reversal. Fine tune your settings to match your Buy Sell Indicator settings to get the same signals on the scanner.
HOW TO USE
The scanner will show the higher timeframe in a table on the side of the chart if no other ticker is selected to scan. The timeframe cell will show as green if that timeframe is currently in a bullish signal and red if that timeframe is currently in a bearish signal. If you set it to use a different ticker, the ticker name and timeframe will show up in the table.
The defaults are set up to scan the same ticker as your chart but on higher timeframes. It is set up for a 1 minute chart by default, but each timeframe can be adjusted to suit your preference all the way up to a 1 year timeframe.
You can set the scanner to look at different tickers as well which is very useful for getting confirmation by setting it to scan other tickers that usually move in the same direction or opposite of the ticker you are trading.
TRADE MODE
The signal settings allow you to match the scanner settings to your settings on the Buy Sell Indicator. There is scalp mode, swing mode and long swing mode. All 3 settings use the same calculations for signals, but they have different price action filters to help hold swings longer. Scalp mode will only be looking at the current bar compared to the previous bar, but swing mode will look at the current bar compared to the previous 2 candles. Long swing mode will compare the current candle to the last 10 candles to hold positions even longer.
There is also a candle trailing length that can be adjusted as well to suit your preference. This adds a filter that ensures the current candle is closing higher than the previous X number of candles you choose for a bull signal and is closing lower than X number of previous candles for a bear signal. Make sure to match these settings to how your Buy Sell Indicator is configured to get matching results.
You can also move the position of the scanner table to any part of the chart in the settings menu at the bottom.
ALERTS
There are alerts set up that will give you a signal when all timeframes are bullish on candle close and another signal that will alert when all timeframes are bearish on candle close. There is also an alert for when the first 4 timeframes & ticker are bullish and the last 4 timeframes & ticker are bearish or the opposite. This is useful for looking at forex markets and setting the first 4 to tickers that move together and the last 4 to tickers that move opposite.
MARKETS
This Buy Sell Signal Scanner can be used on any market with price data such as stocks, crypto, forex and futures.
TIMEFRAMES
This Buy Sell Signal Scanner can be used on any timeframe. And will scan any of our available timeframes between 1 minute and 1 year.
PAIRINGS
We recommend pairing this Buy Sell Signal Scanner with our Buy Sell Indicator so you can get signals and price action colored candles on the ticker you are trading and then use the scanner for confirmation of trend on higher timeframes and trade with the trend.
heikin ashi calculation call with higher timeframe
Hello, guys
This indicater displays the previous value of higher timeframe without request.security() function.
You can change the candle style ( heikinashi or normal) on the set box.
you can choose the higher timeframe also.
I made this to avoid the repainting.
Without Box() function, i only used plotcandle and fill.
It was good fun.
Good luck !!
Higher Time Frame Average True RangesPurpose: This script will help an options trader asses risk and determine good entry and exit strategies
Background Information: The true range is the greatest of: current high minus the current low; the absolute value of the current high minus the previous close; and the absolute value of the current low minus the previous close. The Average True Range (ATR) is a 14-day moving average of the true range. Traders use the ATR indicator to assess volatility in stocks and decide when to enter and exit trades. It is important to note the limitations of using True Range and ATR: These indications cannot tell you the direction of your options trade (call vs. put) and they cannot tell you whether a particular trend is about to reverse. However, it can be used to assess if volatility has peaked for a particular direction and time period.
How this script works: This indicator calculates true range for the daily (DTR), weekly (WTR), and monthly (MTR) time frames and compares it to the Average True Range (ATR) for each of those time frames (DATR, WATR, and MATR). The comparison is displayed into a colored table in the upper right-hand corner of the screen. When a daily, weekly, or monthly true range reaches 80% of its respective ATR, the row for that time frame will turn Orange indicating medium risk for staying in the trade. If the true range goes above 100% of the respective ATR, then the row will turn Red indicating high risk for staying in the trade. When the row for a time period turns red, volatility for the time period has likely peaked and traders should heavily consider taking profits. It is important to note these calculations start at different times for each time frame: Daily (Today’s Open), Weekly (Monday’s Open), Monthly (First of the Month’s Open). This means if it’s the 15th of the month then the Monthly True Range is being calculated for the trading days in the first half of the month (approximately 10 trade days).
The script also plots three sets of horizontal dotted lines to visually represent the ATR for each time period. Each set is generated by adding and subtracting the daily, weekly, and monthly ATRs from that time periods open price. For example, the weekly ATR is added and subtracted from Mondays open price to visually represent the true range for that week. The DATR is represented by red lines, the WATR is represented by the green lines, and the MATR is represented by the blue lines. These plots could also be used to assess risk as well.
How to use this script: Use the table to assess risk and determine potential exit strategies (Green=Low Risk, Orange=Medium Risk, Red=High Risk. Use the dotted lines to speculate what a stock’s price could be in a given time period (Daily=Red, Weekly=Green, and Monthly=Blue). And don’t forget the true range’s calculation and plots starts at the beginning of each time period!
MTF TMOTMO - (T)rue (M)omentum (O)scillator) MTF (Higher Aggregation) Version
TMO calculates momentum using the DELTA of price. Giving a much better picture of the trend, reversals & divergences than most momentum oscillators using price. Aside from the regular TMO, this study combines four different TMO aggregations into one indicator for an even better picture of the trend. Once you look deeper into this study you will realize how complex this tool is. This version also produce much more information like crosses, divergences, overbought / oversold signals, higher aggregation fades etc. It is probably not even possible to explain them all, there could easily be an entire e-book about this study.
I have been using this tool for a couple of years now, and this is what i have learned so far:
Favorite Time Frame Variations:
1. 1m / 5m / 30m - Great for intraday futures or options scalps. 30m TMO serves as the overall trend gauge for the day. 5min dictates the longer term intraday moves as well as direction of the 1min. 1min is for the scalps. When the 5min TMO is sloping higher focus should be on 1min buy signals (red to green cross) and vice versa for the 5min agg. sloping down.
2. 5m / 30m / 60m - Also an interesting variation for day trading the 3-5 min charts. Producing more cleaner & beginner-friendly signals that lasts couple of minutes instead of seconds.
3. 120m / Day / 2 Day - For the 30m to 1H or 2H timeframes. Daily & 2 Day dictates the overall trend. 120 min for the signals. Great for a multi-day swings.
4. Day / 2 Day / Week - Good for the daily charts, swing trading analysis as the weekly dictates the overall trend, daily dictates the signals and the 2 day cleans out the daily signals. If the daily & 2 day are not aligned togather, daily signal means nothing. Weekly dictates 2 day - 2 day dictates daily.
5. Week / Month / 3 Month - Same thing as the previous variation but for the weekly charts.
TMO Length:
The default vanilla settings are 14,5,3. Some traders prefer 21,5,3 as the TMO length is litle higher = TMO will potenially last little longer which could teoretically produce less false signals but slower crosses which means signals will lag more behind price. The lower the length, the faster the oscillator oscillates. It is the noice vs. the lag debate. The Length can be changed, but i would not personally touch the other two. Few points up or down on length will not drastically change much. But changes on Calc Length and Smooth Length can produce totally different signals from the original.
Tips & Tricks:
1. Observe
- This is the best tip & trick I can give you. The #1 best way to learn how any study operates is to just observe how it works in certain situations from the past. MTF TMO is not
an exception.
2. The Power of the Higher Aggregation
- The higher aggregation ALWAYS dictates the lower one. Best way to see this? Just 2x the current timeframe aggregation = so on daily chart, plot the daily & two day TMOs and you will notice how the higher agg. smooths out the current agg. The higher the aggregation is, the smoother (but slower) will the TMO turn. The real power kicks in when the 3 or 4 aggregations are aligned togather in one direction.
3. Position of the Higher Aggregation in Relation to the Extremes
- Overbought / oversold signals might not really work on the current aggregation. But pay attention to the higher aggregations in relation to the extremes. Ex: on the daily chart - daily TMO inside the OB / OS extremes might not mean much. But once the higher aggregations such as 3 day or Weekly TMO enters OB/OS zone togather with the daily, this can be a very powerful signal for a TMO reversion to the zeroline.
4. Crosses
- Yes, crosses do work. Personally, I never really focused on them. The thing about the crosses is that it is crucial to pick the right higher aggregation to the combination of the current one that would be reliable but also print enough signals. The closer the cross is to the OB / OS extremes, the more bigger move can occur. Crosses around the zero line can be considered as less quality crosses.
5. Divergences
- TMO can print awesome divergences. The best divergences are on the current aggregation (TMO agg. same as the chart) since the current agg. oscillates fast, it can usually produce lower lows & higher highs faster then any higher aggregations. Easy setup: wait for the higher aggregation to reach the OB / OS extremes and watch the current (chart) aggregation to print a divergence.
6. Three is Enough
- I personally find more than three aggregations messy and hard to read. But there is always the option to turn on the 4th one. Just switch the TMO 4 Main, TMO 4 Signal and TMO 4 Fill in the style settings.
Hope it helps.
SuperTrend Momentum Chart(My goal creating this indicator) : Provide a quick way to check the current momentum of multiple timeframes. The Smart Momentum Chart was intended to be a live trading tool that should be used when a trader has already defined his edge and no longer needs the past Momentum data.
The Underlying Concept
What is Momentum ?
The Momentum shown is derived from a Mathematical Formula SUPERTREND , when price is above SUPERTREND its bullish Momentum and when its below SUPERTREND its Bearish Momentum. This indicator scans for candle closes on the timeframes you've selected and when there is a shift in momentum it notifies the trader with a color change and an alert if one was set up.
Technical inputs
- If you want to optimize the rate of signals to better fit your trading plan you would change the Factor input and ATR Length input. Increase factor and ATR Length to decrease the frequency of signals and decrease the Factor and ATR Length to increase the frequency of signals.
Quick TIP! : You can Sync all VFX SuperTrend Indicators together! All VFX SuperTrend indicators display unique information but its all derived from that same Momentum Formula. Keep the Factor input and ATR Length the same on other VFX SuperTrend indicators to have them operating on the same data.
Time Frame Inputs
- Your able to fill the chart with up to 8 timeframes
- If You don't need all 8 you can limit the amount to display by changing the "Time Frame Amount"
Display Inputs
- You can change the size of the chart and the color of the text
- You can toggle ON if you want to be signaled when a momentum switch occurs ( bullish to bearish or bearish to bullish )
- Your able to pick the Bullish and Bearish Colors of the Momentum switch
How it can be used ?
- Easily check the momentum of other Timeframes and use that information as a variable in your trading plan.
- quickly glance and know the momentum of any time frame before you enter any trade
- always know the momentum of the higher time frames
- Eliminate the need to switch from current chart
- Get an abundance of information in one location
- Have clear variables to structure your trades around
Titans Engulfing Retracement ZonesThe Titan Engulfing Retracement Zones indicator detects Engulfing Candlesticks on a higher user defined timeframe, and uses that event to plot retracement and extension levels on the chart for ease of users' chart reading and trade execution. The four retracement levels, two of which delimit the target entry zone, and another two delimiting the target exit zone, are also user defined.
The user of this indicator is advised that the default levels provided are unoptimized. The user of this indicator is advised to use this indicator at his or her own risk.
To further filter out the results of Engulfing Candlestick detection, a long wick condition has been included into the detection mechanics.
[VDB]HTF-Momentum-SpeedThis script is for plotting momentum and speed of higher timeframe using MACD Histograms.
Settings are hardcoded to 35/70/20 for momentum while speeds change slow length to 100, 200 and 300.
There is an option to use the user defined higher timeframe is case auto selection is inappropriate.
DISCLAIMER: This indicator has been created for educational reference only and do not constitute investment advice. This indicator should not be relied upon as a substitute for extensive independent market research before making your actual trading decisions. Market data or any other content is subject to change at any time without notice. Liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of this indicator is accountability of user using it.
Fibonacci levels MTFHello All,
I got some requests for a script that shows Fibonacci Levels of Higher Time Frame Candles. so I made/published this script. I hope it would be useful for you.
Options:
You can set Higher Time Frame, by default it's 1 Day.
Optionally it can use Current or Last Candle of higher time frame to calculate/show its Fibonacci Levels.
It can show higher time frame candles at the background optionally. You can change its colors.
You can enable/disable/change each Fibonacci levels and their colors.
You can enable/disable Fibonacci Labels that is shown at the right ride and see only Fibonacci lines/levels
example, Fibonacci levels with higher time frame candles:
P.S. if you have ideas to improve this script, drop a comment under the script please
Enjoy!
High-Low IndexHello All,
High-Low Index is a breadth indicator based on Record High Percent (RHP). RHP is based on new 52-week highs and new 52-week lows. RHP => 100 * (new highs) / (new highs + new lows). High-Low Index is a 10-day Simple Moving Average of the RHP, which makes it a smoothed version of RHP. You can find many articles about High-Low Index on the net.
High-Low Index above 50 indicates that there are more new highs than new lows, and considered as Bullish.
High-Low Index below 50 indicates that there are more new lows than new highs, and considered as Bearish.
High-Low Index = 0 indicates there is no new highs (0% new highs).
High-Low Index = 100 indicates that there is at least 1 new high and no new lows.
and High-Low Index = 50 indicates that new highs and new lows is equal.
by default 40 cryptos are used in the script and shows High-Low Index for these cryptos. but you can change them as you wish. for example you can set all of them as stocks and see High-Low Index for these stocks.
You can set " Time frame " and the " Length " using the options. For example; if you set " Time frame " = 1 Week and the " Length " = 52 then it finds High-Low Index for 52weeks .
or another example; if you set " Time frame " = 1 Day and the " Length " = 22 the High-Low Indexn it finds High-Low Index for 22days.
You can enable/disable Record High Percent or Simple Moving Average of High-Low Index. Some traders use High-Low Index with its SMA, for example; High-Low Index generates a buy signal when it crosses above its moving average, and a sell signal when it crosses below its moving average.
Optionally you can see the securities in a table on the left bottom, you can change table size by usşng the options.
In the Table, for each security/cell;
=> if background is green then it has New High
=> if background is red then it has New Low
=> if background is gray then no New High, no New Low
=> if background is back then Data is not available for the security
As you can see in the screenshot below, the securities were changed and stocks are used instead of cryptos, so it calculates & shows High-Low Index for these stocks.
you can also find explanation in this screenshot:
Enjoy!
Support Resistance InteractiveHello All,
Using this "Support Resistance Interactive" script you can set the Support/Resistance levels interactively by clicking on the chart. Using the SR levels you set, the indicator creates Support Resistance zones. The width of the zones are calculated by using Threshold option and Threshold is the percent of the distance between Highest/Lowest levels in last 300 bars. if you set Threshold = 1 then it means 1% of the distance between Highest/Lowest levels. You can change SR levels by moving the level up/down by using your mouse anytime you want.
Now lets see it step by step;
After you added the indicator it will ask 5 Support/Resistance Levels and when you click any point then it's kept as S/R level and it asks another SR levels. if you want to use only 3 SR levels then last 2 SR levels are not important and you can click anywhere on the chart;
After you set all SR levels, it will ask "Number of Support/Resistance" . if you want to activate first 3 SR lines then set it 3. by default it's 5. when you set it click "Apply" and see the SR zones. that's it.
You can enable/disable alerts and set frequency, then create alerts. as it's interactive tool, the SR levels you set are specific for the current/active symbol. if you open another symbol then you better delete the indicator and add it again
Three Alerts exist in the script: Support Broken, Resistance Broken and Price in SR zone . you can enable/disable the alerts as you wish and you can set frequency for each one as "Once Per Bar" or "Once Per Bar Close"
by default Green/Red/Gray colors are used but You can change the colors using the options. according to the Price moves, SR zone colors are changed automatically.
when we have "Reset" feature to run the script interactively (like we added it for first time) I can update the script, then you will not need to delete/re-add each time you changed the symbol :)
In this example "Threshold" is 2 and "Number of Support/Resistance" is 4.
in this example "Threshold" is 0 and "Number of Support/Resistance" is 5.
Last example; Labels are shown for each zone, you can set location of the labels. SR order and Upper/lower band of each zone are shown in each label.
Enjoy!
