[Volatility] [Gain & Loss] - OverviewFX:EURUSD
Indicator Overview: Volatility & Gain/Loss - Forex Pair Analysis
This indicator, " —Overview" , is designed for users interested in analyzing the volatility and gain/loss metrics of multiple forex pairs. The tool is especially useful for traders aiming to assess currency pair volatility alongside gain and loss percentages over selected periods. It enables a clearer understanding of pair behavior and aids in decision-making.
Key Features
Customizable Volatility and Gain/Loss Periods : Define your preferred calculation periods and timeframes for both volatility and gain/loss to tailor the indicator to specific trading strategies. Multi-Pair Analysis : This indicator supports up to six forex pairs (default pairs include EURUSD, GBPUSD, USDJPY, USDCHF, AUDUSD, and USDCAD) and allows you to adjust these pairs as needed. Visual Ranking : Forex pairs are sorted by volatility, displaying the highest pairs at the top for quick reference. Top Gain/Loss Highlighting : The pair with the maximum gain and the pair with the maximum loss are highlighted in the table, making it easy to identify the best and worst performers at a glance.
Indicator Settings
Volatility Settings : Period : Adjust the number of periods used in the ATR (Average True Range) calculation. A default period of 14 is set. Timeframe : Select a timeframe (e.g., Daily, Weekly) for volatility calculation to match your analysis preference.
Gain/Loss Settings : Period : Choose the number of periods for gain/loss calculation. The default is set to 1. Timeframe : Select the timeframe for gain/loss calculation, independent of the volatility timeframe.
Symbol Selection : Configure up to six forex pairs. By default, popular forex pairs are pre-loaded but can be customized to include other currency pairs.
Output and Visualization
Table Display : This indicator displays data in a neatly structured table positioned in the top-right corner of your chart. Columns : Includes columns for the Forex Pair, Volatility Percentage, Gain Percentage, and Loss Percentage. Color Coding : Volatility is displayed in a standard color for clear readability. Gain values are highlighted in green, and Loss values are highlighted in red, allowing for quick visual differentiation. Highlighting : Rows representing the pair with the highest gain and the pair with the most significant loss are especially highlighted for emphasis.
How to Use
Volatility Analysis : This metric gives insight into the average price range movements for each pair over the specified period and timeframe, helping you evaluate the potential for rapid price changes. Gain/Loss Tracking : Gain or loss percentages show the pair's recent performance, allowing you to observe whether a currency pair is trending positively or negatively over the chosen period. Comparative Pair Ranking : Use the table to identify pairs with the highest volatility and extremes in gain or loss to guide trading decisions based on market conditions.
Ideal For
Swing Traders and Day Traders looking to understand short-term market fluctuations in currency pairs. Risk Management : Helps traders gauge pairs with higher risk (volatility) and recent performance (gain/loss) for informed position sizing and risk control.
This indicator is a comprehensive tool for visualizing and analyzing key forex pairs, making it an essential addition for traders looking to stay updated on volatility trends and recent price changes.
Multitimeframe
Adaptive Support & Resistance Zones Description:
The Enhanced Support and Resistance Zones indicator identifies and visualizes significant support and resistance areas on the chart, helping traders spot potential reversal or breakout points. This tool offers advanced customization options for zone thickness, lookback period, validation criteria, and zone expiration, making it adaptable for various trading styles and market conditions.
Key Features:
1. Zone Thickness Multiplier: The Zone Thickness Multiplier controls the visual “thickness” of each support and resistance zone, allowing traders to adjust the width based on volatility or personal preference. A higher multiplier increases the zone’s range, capturing a wider area around the support or resistance level.
2. Lookback Periods for Support and Resistance: The Lookback for Resistance and Lookback for Support inputs define the number of bars analyzed to identify swing highs and lows, respectively. This allows traders to adjust how far back the script should search for key levels, which can be useful when adjusting for different timeframes or varying levels of historical significance in zones.
3. Minimum Touch Count: To filter out weak zones, the Minimum Touch Count setting establishes the required number of price “touches” (or tests) within a zone before it’s considered valid. By increasing this value, traders can focus only on zones that the price has interacted with frequently, indicating stronger potential support or resistance.
4. Zone Expiration Bars: The Zone Expiration Bars setting enables automatic expiration of older zones, reducing chart clutter from outdated levels. This parameter specifies the maximum number of bars a zone will remain active after its creation. When the set limit is reached, the zone is cleared, allowing the indicator to stay responsive to more recent price action.
5. Dynamic Visualization by Touch Count: Zones with more touches are displayed with a thicker line, visually emphasizing the strength of these areas. Zones with fewer touches are shown with a thinner line, helping traders easily distinguish between stronger and weaker support and resistance levels.
6. Alerts for Zone Touches: Alerts can be configured to notify traders when the price touches the support or resistance zones, offering real-time notifications for potential trading opportunities.
How to Use:
1. Adjusting Zone Thickness: Use the Zone Thickness Multiplier to expand or contract the width of each zone. A higher multiplier may be beneficial in volatile markets, where price tends to fluctuate around levels rather than touching them precisely. Lower values can provide a more precise zone in less volatile environments.
2. Setting Lookback Periods for Zone Identification: The Lookback for Resistance and Lookback for Support inputs allow traders to define how many historical bars to analyze for determining key levels. Longer lookbacks may be useful on higher timeframes to capture more significant support or resistance, while shorter lookbacks can be suitable for lower timeframes or more recent levels.
3. Filtering with Minimum Touch Count: Increase the Minimum Touch Count to filter for stronger zones. For example, setting a minimum touch count of 3 will display only zones that have been tested by the price at least three times, indicating potentially stronger support or resistance.
4. Configuring Zone Expiration: Use Zone Expiration Bars to limit how long each zone remains on the chart, helping to keep the focus on more recent levels. Expiring zones after a set number of bars can be especially useful on lower timeframes, where older levels may no longer be relevant.
5. Using Alerts for Real-Time Notifications: Set up alerts to receive notifications when price enters the support or resistance zones, allowing you to monitor potential trade setups without needing to watch the chart continuously.
This indicator is well-suited for traders aiming to identify high-quality support and resistance areas while managing chart clarity. With these customizable options, traders can adapt the indicator to match their unique trading style and market focus. For best results, test these settings on your preferred timeframe and adjust parameters to fit specific trading goals and market conditions.
Adaptive MA Crossover with ATR-Based Risk MarkersDescription:
The Cross MA Entry Indicator with ATR-Based Stop-Loss and Take-Profit Markers is a powerful tool designed to help traders identify trend-following opportunities while managing risk effectively. By combining customizable moving average (MA) crossovers with ATR-based stop-loss (SL) and take-profit (TP) markers, this indicator provides a complete entry and risk management framework in a single script.
Unique Features:
1. Versatile Moving Average Combinations: The indicator allows users to select from four types of moving averages—SMA, EMA, DEMA, and TEMA—for both fast and slow lines, enabling a variety of crossover configurations. This flexibility helps traders tailor entry signals to specific trading strategies, asset types, or market conditions, enhancing the adaptability of the indicator across different styles and preferences.
2. ATR-Based Dynamic Risk Management: Leveraging the Average True Range (ATR), the indicator dynamically calculates stop-loss and take-profit levels based on market volatility. This approach adjusts to changing market conditions, making it more responsive and reliable for setting realistic, volatility-based risk parameters.
3. Customizable Risk/Reward Ratio: Users can define their preferred risk/reward ratio (e.g., 2:1, 3:1) to tailor take-profit levels relative to stop-loss distances. This feature empowers traders to align trades with their individual risk management strategies and objectives, while maintaining consistency and discipline in execution.
4. Streamlined Visualization of Entry and Risk Levels: Upon a crossover, the indicator places discrete markers at the calculated SL and TP levels, avoiding clutter while providing traders with an immediate view of potential risk and reward. Small dots represent SL and TP levels, offering a clean, clear display of critical decision points.
How to Use:
1. Entry Signals from MA Crossovers: This indicator generates entry signals when the selected moving averages cross, with green markers indicating long entries and red markers indicating short entries. The customizable MA selection enables traders to optimize crossover signals for various timeframes and asset classes.
2. Integrated Risk Markers: SL and TP levels are shown as small dots at the crossover point, based on the ATR multiplier and risk/reward ratio settings. These markers allow traders to quickly visualize the defined risk and potential reward for each entry.
This indicator offers a comprehensive solution for trend-following strategies by combining entry signals with adaptive risk management. Suitable for multiple timeframes, it allows for backtesting and adjustments to ATR and risk/reward parameters for improved alignment with individual trading goals. As with all strategies, thorough testing is recommended to ensure compatibility with your trading approach.
SMC Order Block & Liquidity EntryThe SMC Order Block and Liquidity Trap Entry Strategy script uses Smart Money Concepts (SMC), which analyze institutional actions in the market, to assist traders in identifying high-probability trades. In order to help traders match their entry with institutional activity, this script highlights important regions of interest, including order blocks, liquidity zones, and indications for Break of Structure (BOS) or Change of Character (CHoCH).
The fundamental ideas of this approach, which focuses on regions where institutions frequently make sizable orders or sweep liquidity, are based on SMC principles. Order blocks, which are frequently important support or resistance zones when institutions are involved, are the final bullish or bearish candle before a significant price move in the other direction. There are liquidity zones that show where retail stop-loss orders build up (above recent highs or below recent lows), such as Buy-Side Liquidity (BSL) and Sell-Side Liquidity (SSL). Before changing the direction of the price, institutions could target these zones, giving traders possible chances.
The script depicts liquidity levels above or below recent highs and lows, automatically finds order blocks within a specified lookback time, and looks for BOS (a continuation signal) or CHoCH (a reversal signal). When liquidity retests inside an order block coincide with BOS or CHoCH circumstances, entry signals are produced. While short entries are triggered when the price breaks below the order block and SSL, long entry alerts are triggered when the price breaks above the order block and BSL.
Austin's Apex AcceleratorIndicator Name: Austin’s Apex Accelerator
Overview
The Austin’s Apex Accelerator is a highly aggressive trading indicator designed specifically for high-frequency Forex trading. It combines several technical analysis tools to identify rapid entry and exit points, making it well-suited for intraday or even lower timeframe trades. The indicator leverages a combination of exponential moving averages (EMAs), Bollinger Bands, volume filters, and volatility-adjusted ranges to detect breakout opportunities and manage risk with precision.
Core Components
Fast and Slow EMAs: The two EMAs act as trend and momentum indicators. When the shorter EMA crosses the longer EMA, it signals a change in momentum. The crossover of these EMAs often indicates a potential entry point, especially when combined with volume and volatility filters.
ATR-Based Range Filter: Using the Average True Range (ATR) for dynamic range calculation, the indicator adapts to market volatility. Higher ATR values widen the range, helping the indicator adjust for volatile conditions.
Volume Filter: A volume condition ensures that buy and sell signals only trigger when there’s significant market interest, reducing the likelihood of false signals in low-liquidity environments.
Bollinger Bands: The Bollinger Bands provide additional context for potential overbought or oversold conditions, highlighting opportunities for price reversals or trend continuations.
Key Features
Aggressive Buy and Sell Signals:
Buy Signal: A buy signal is generated when the fast EMA crosses above the slow EMA, confirming bullish momentum, and the volume condition is met. If the price is also near the lower Bollinger Band, it adds further confirmation of an oversold condition.
Sell Signal: A sell signal is generated when the fast EMA crosses below the slow EMA, confirming bearish momentum, with sufficient trading volume. If the price is near the upper Bollinger Band, it signals a potential overbought condition, which supports the sell signal.
Dynamic Range with ATR:
The indicator uses a volatility-based range, derived from the ATR, to adjust the signal sensitivity based on recent price fluctuations. This dynamic range ensures that signals are responsive in both high and low volatility conditions.
The range’s upper and lower bands act as thresholds, with trades often occurring when the price breaches these levels, signaling momentum shifts or trend reversals.
Trend Background Color:
A green background highlights bullish trends when the fast EMA is above the slow EMA.
A red background signifies bearish trends when the fast EMA is below the slow EMA, providing a visual indication of the overall market trend direction.
Trend Line:
The indicator plots a dynamic trend line that changes color based on the price's relationship to the EMAs, helping traders quickly assess the current trend’s strength and direction.
Alerts:
The indicator includes configurable alerts for buy and sell signals, allowing traders to be notified of entry opportunities without needing to monitor the chart continuously.
How to Use Austin’s Apex Accelerator
Identify Entry Points:
Buy Entry: When the fast EMA crosses above the slow EMA, a buy signal is triggered. Confirm this signal by checking if the price is near or below the lower Bollinger Band (indicating an oversold condition) and if trading volume meets the set threshold.
Sell Entry: When the fast EMA crosses below the slow EMA, a sell signal is triggered. Confirm the signal by ensuring the price is near or above the upper Bollinger Band (suggesting an overbought condition) and that volume is sufficient.
Exit Strategy:
Take Profit: The take profit level is calculated as 1.5 times the ATR from the entry point. This ensures that each trade aims to achieve a positive risk/reward ratio.
Stop Loss: The stop loss is set at 1 ATR from the entry, providing a tight risk control mechanism that limits potential losses on each trade.
Trend Identification and Background Colors:
Use the background colors to assess the trend direction. A green background indicates a bullish trend, while a red background suggests a bearish trend. These colors can help you filter signals that go against the trend, increasing the chances of a successful trade.
Volume Confirmation:
This indicator has an inbuilt volume filter to prevent trading in low-volume conditions. Look for signals only when volume exceeds the average volume threshold, which is set by the multiplier. This helps avoid trading during quieter times when false signals are more likely.
Alerts:
Set up alerts for buy and sell signals to be notified in real-time whenever a new trading opportunity arises, so you can act on high-quality signals promptly.
Practical Tips for Using Austin’s Apex Accelerator
Timeframe: Best suited for short timeframes such as 5-minute or 15-minute charts for high-frequency trading.
Performance Summary and Shading (Offset Version)Modified "Recession and Crisis Shading" Indicator by @haribotagada (Original Link: )
The updated indicator accepts a days offset (positive or negative) to calculate performance between the offset date and the input date.
Potential uses include identifying performance one week after company earnings or an FOMC meeting.
This feature simplifies input by enabling standardized offset dates, while still allowing flexibility to adjust ranges by overriding inputs as needed.
Summary of added features and indicator notes:
Inputs both positive and negative offset.
By default, the script calculates performance from the close of the input date to the close of the date at (input date + offset) for positive offsets, and from the close of (input date - offset) to the close of the input date for negative offsets. For example, with an input date of November 1, 2024, an offset of 7 calculates performance from the close on November 1 to the close on November 8, while an offset of -7 calculates from the close on October 25 to the close on November 1.
Allows user to perform the calculation using the open price on the input date instead of close price
The input format has been modified to allow overrides for the default duration, while retaining the original capabilities of the indicator.
The calculation shows both the average change and the average annualized change. For bar-wise calculations, annualization assumes 252 trading days per year. For date-wise calculations, it assumes 365 days for annualization.
Carries over all previous inputs to retain functionality of the previous script. Changes a few small settings:
Calculates start to end date performance by default instead of peak to trough performance.
Updates visuals of label text to make it easier to read and less transparent.
Changed stat box color scheme to make the text easier to read
Updated default input data to new format of input with offsets
Changed default duration statistic to number of days instead of number of bars with an option to select number of bars.
Potential Features to Add:
Import dataset from CSV files or by plugging into TradingView calendar
Example Input Datasets:
Recessions:
2020-02-01,COVID-19,59
2007-12-01,Subprime mortgages,547
2001-03-01,Dot-com,243
1990-07-01,Oil shock,243
1981-07-01,US unemployment,788
1980-01-01,Volker,182
1973-11-01,OPEC,485
Japan Revolving Door Elections
2006-09-26, Shinzo Abe
2007-09-26, Yasuo Fukuda
2008-09-24, Taro Aso
2009-09-16, Yukio Hatoyama
2010-07-08, Naoto Kan
2011-09-02, Yoshihiko Noda
Hope you find the modified indicator useful and let me know if you would like any features to be added!
Immediate Rebalance ICT [TradingFinder] No Imbalances - MTF Gaps🔵 Introduction
The concept of "Immediate Rebalance" in technical analysis is a powerful and advanced strategy within the ICT (Inner Circle Trader) framework, widely used to identify key market levels.
Unlike the "Fair Value Gap," which leaves a price gap requiring a retracement for a fill, an Immediate Rebalance fills the gap immediately, representing an instant balance that strengthens the prevailing market trend. This structure allows traders to quickly spot critical price zones, capitalizing on strong trend continuations without the need for price retracement.
The "Immediate Rebalance ICT" indicator leverages this concept, providing traders with automated identification of critical supply and demand zones, order blocks, liquidity voids, and key buy-side and sell-side liquidity levels.
Through features like crucial liquidity points and immediate rebalancing areas, this tool enables traders to perform precise real-time market analysis and seize profitable opportunities.
🔵 How to Use
The Immediate Rebalance indicator assists traders in identifying reliable trading signals by detecting and analyzing Immediate Rebalance zones. By focusing on supply and demand areas, the indicator pinpoints optimal entry and exit positions.
Here’s how to use the indicator in both bearish (Supply Immediate Rebalance) and bullish (Demand Immediate Rebalance) structures :
🟣 Bullish Structure (Demand Immediate Rebalance)
In a bullish scenario, the indicator detects a Demand Immediate Rebalance formed by two consecutive bullish candles with overlapping wicks. This structure signifies an immediate demand zone, where price instantly balances within the zone, reducing the likelihood of a revisit and indicating potential upside momentum.
Zone Identification : Look for two consecutive bullish candles with overlapping wicks, forming a demand zone. This structure, due to its rapid balance, usually does not require a revisit and supports further upward movement.
Entry and Exit Levels : If price revisits this zone, percentage markers, particularly 50% and 75%, act as supportive levels, creating ideal entry points for long positions.
Example : In the second image, an example of a Demand Immediate Rebalance is shown, where overlapping bullish candle shadows indicate immediate balance, supporting the continuation of the bullish trend.
🟣 Bearish Structure (Supply Immediate Rebalance)
In a bearish setup, the indicator identifies a Supply Immediate Rebalance when two consecutive bearish candles with overlapping wicks appear. This formation signals an immediate supply zone, suggesting a high probability of trend continuation to the downside, with minimal expectation for price to retrace back to this area.
Zone Identificatio n: Look for two consecutive bearish candles with overlapping shadows. This structure forms a supply area where price is expected to continue its downtrend without revisiting the zone.
Entry and Exit Level s: Should price revisit this zone, percentage-based levels (e.g., 50% and 75%) serve as potential resistance points, optimizing entry for short positions, especially if the downtrend is expected to persist.
Example : The attached chart illustrates a Supply Immediate Rebalance, where overlapping candle shadows define this area, reassuring traders of a continued downward trend with a low likelihood of price returning to this zone.
🔵 Settings
ImmR Filter : This filter allows users to adjust the detection of Immediate Rebalance zones in four modes, from "Very Aggressive" to "Very Defensive," based on zone width. The chosen mode controls the sensitivity of Immediate Rebalance detection, allowing users to fine-tune the indicator to their trading style.
Multi Time Frame : Enabling this option allows users to set the indicator to a specific timeframe (1 minute, 5 minutes, 15 minutes, 30 minutes, 1 hour, 4 hours, daily, weekly, or monthly), broadening the perspective for identifying Immediate Rebalance zones across multiple timeframes.
🔵 Conclusion
The Immediate Rebalance indicator, based on rapid balancing zones within supply and demand areas, serves as a powerful tool for market analysis and improving trade decision-making.
By accurately identifying zones where price achieves instant balance without gaps, the indicator highlights areas likely to support strong trend continuations, exempt from common retracements.
The indicator’s use of percentage levels enables traders to pinpoint optimal entry and exit points more effectively, with levels like 50% and 75% acting as support within demand zones and resistance within supply zones. This empowers traders to ride strong trends without the worry of abrupt reversals.
Overall, the Immediate Rebalance is a reliable tool for both professional and beginner traders seeking precise methods to recognize supply and demand zones, capitalizing on consistent trends.
By choosing appropriate settings and focusing on the zones highlighted by this indicator, traders can enter trades with greater confidence and improve their risk management.
Multi-Timeframe RangeThe Multi-Timeframe Range Indicator is designed for traders looking to monitor key price levels across various timeframes (Daily, Weekly, Monthly, Quarterly, and Yearly) directly on their charts. This indicator draws boxes and mid-lines for each timeframe’s high, low, and midpoint, enabling users to visualize price ranges and assess potential areas of support and resistance more effectively.
Features:
Dynamic Range Boxes: Displays the high, low, and midpoint levels for each specified timeframe, with customizable colors for easy differentiation.
Visual Cues for Monday’s Levels: Highlights Monday’s high, low, and midpoint levels each week to support intraday trading setups and weekly trend analysis.
Multi-Timeframe Flexibility: Easily toggle between timeframes to view ranges from daily to yearly, making this indicator suitable for both short-term and long-term traders.
Ideal Use Cases:
Identify key support and resistance zones based on multiple timeframes.
Assess weekly and monthly trends using the Monday range levels.
Gain insights into market structure across various timeframes.
ICT Open Range Gap & 1st FVG (fadi)In his 2024 mentorship program, ICT detailed how price action interacts with Open Range Gaps and the initial 1-minute Fair Value Gap following the market open at 9:30 AM.
What is an Open Range Gap?
An Open Range Gap occurs when the market opens at 9:30 AM at a higher or lower level compared to the previous day's close at 4:14 PM, primarily relevant in futures trading. According to ICT, there is a statistical probability of 70% that the price action will close 50% or more of the Open Range Gap within the first 30 minutes of trading (9:30 AM to 10:00 AM).
What is the First 1-Minute Fair Value Gap?
ICT places significant emphasis on the first 1-minute Fair Value Gap (FVG) that forms after the market opens at 9:30 AM. The FVG must occur at 9:31 AM or later to be considered valid. This gap often presents key opportunities for traders, as it represents a temporary imbalance between supply and demand that the market seeks to correct.
Understanding and leveraging these patterns can enhance trading strategies by offering insights into potential price movements shortly after market open.
ICT Open Range Gap & 1st FVG
This indicator is engineered to identify and highlight the Open Range Gaps and the first 1-minute Fair Value Gap. Furthermore, it functions across multiple timeframes, from seconds to hours, catering to various trading preferences. This flexibility is particularly beneficial for traders who favor higher timeframes or wish to observe these patterns' application at broader intervals.
Settings
The Open Range Gap indicator offers flexible display settings. It identifies the quadrants and provides optional color coding to distinguish them. Additionally, it tracks the "fill" level to visualize how far the price action has progressed into the gap, enhancing traders' ability to monitor and analyze price movements effectively. By default, the Open Range Gap will stop extending at 10:00 AM; however, there is an option to continue extending until the end of the trading day.
The 1st Fair Value Gap (FVG) can be viewed on any timeframe the indicator is active on, offering various styling options to match each trader's preferences. While the 1st FVG is particularly relevant to the day it is created, previous 1st FVGs within the same week may provide additional value. This indicator allows traders to extend Monday's 1st FVG, marking the first FVG of the week, or to extend all 1st FVGs throughout the week.
Gold scalper 1 min or 30 secThis Pine Script code for TradingView is designed to create a trading indicator titled "Gold scalper 1 min or 30 sec." The indicator is primarily used for scalping gold and is focused on short-term timeframes (1 minute or 30 seconds).
### Key Components of the Code:
1. **Inputs:**
- **Resolution:** Users can set the timeframe for analysis (default is 240 minutes).
- **SMA (Simple Moving Average):** Users can specify the period for the SMA used in the calculations.
2. **Daily Highs and Lows:**
- The script calculates the previous day’s high (`yesterdayHigh`) and low (`yesterdayLow`) prices using the `request.security` function.
3. **SMA Calculation:**
- An SMA is computed based on the closing prices of the selected timeframe.
4. **Breakout Conditions:**
- The script detects breakouts using the SMA in relation to yesterday's high and low:
- A breakout upwards occurs when the SMA crosses above the previous day's high.
- A breakout downwards occurs when the SMA crosses below the previous day's low.
5. **RSI (Relative Strength Index) Calculations:**
- Two RSI values are calculated to assess market momentum:
- **Banker RSI:** Used for buy conditions.
- **Hot Money RSI:** Used for sell conditions.
- These include adjustable sensitivity factors and periods to customize the indicator’s sensitivity.
6. **Trade Direction Selection:**
- Users can select whether to trade long, short, or both directions.
7. **Buy and Sell Signals:**
- Buy conditions are set when the Retail Moving Average crosses the Banker Moving Average under certain conditions.
- Sell conditions are marked when the Banker Moving Average crosses under the specified sell threshold.
- These signals are visually represented on the chart with specific shapes (up arrows for buys and down arrows for sells).
8. **Alerts:**
- Alerts are generated for buy and sell signals to notify users when certain conditions are met.
9. **Trend Visualization:**
- The script visually indicates uptrends and downtrends on the chart by plotting colors based on the relationship between the current price, yesterday's high, and low.
### General Purpose:
This indicator is designed to assist traders in identifying potential buying and selling opportunities in the gold market based on short-term price movements and momentum indicators, helping them capitalize on quick price fluctuations that are characteristic of scalping strategies.
Price in Time MarkerThis is intended to get the price of a market at a specific time of day, the intent being to mark the price of 'bankers fixes' such as the 'London 4pm fix' or the 'Tokyo fix', though can be used to mark any time of interest.
It shows the price up until the next days selected time. You can select the time you want to see, in a designated time zone, and it should find the correct time in your brokers zone and mark a line.
The sample chart also shows the price at this brokers day / close for reference in purple.
There are still some glitches where at least some AU, NZ and JP times don't show, but I hope to address this later.
Enhanced CCI with Trend FiltersThis indicator combines the power of the Commodity Channel Index (CCI) with adaptive trend filters and divergence detection to identify high-probability trading opportunities. It's designed to reduce false signals by incorporating trend direction and divergence confirmation.
🔍 How It Works:
1. Trend Detection:
- Uses an adaptive Simple Moving Average (SMA) that automatically adjusts between daily and weekly timeframes
- Daily mode: Default 200 SMA for longer-term trend
- Weekly mode: Default 40 SMA for broader market perspective
- Trend direction is determined by comparing current SMA value to its previous value
2. CCI Component:
- Traditional CCI calculation with customizable length (default: 20)
- Adjustable overbought (default: +100) and oversold (default: -100) levels
- Color-coded CCI line for quick visual reference:
* Green: Overbought and rising
* Red: Oversold and falling
* Gray: Neutral zone
3. Signal Generation:
- Buy Signal (Green Background):
* CCI crosses above oversold level AND
* Main trend is confirmed bullish (rising SMA)
- Sell Signal (Red Background):
* CCI crosses below overbought level AND
* Main trend is confirmed bearish (falling SMA)
4. Divergence Detection:
- Automatically identifies bullish and bearish divergences
- Bullish Divergence: Price makes lower low while CCI makes higher low
- Bearish Divergence: Price makes higher high while CCI makes lower high
- Visualized with distinct markers on the CCI line
- Can be used to set up alerts for divergence confirmations
⚙️ Customization Options:
- CCI calculation length and price source
- Overbought/Oversold levels
- SMA lengths for daily and weekly modes
- Divergence lookback period
- Signal colors and visualization settings
🔔 Alert Capabilities:
- Set alerts for CCI crossovers of overbought/oversold levels
- Create divergence detection alerts
- Configure trend change notifications
- Combine multiple conditions for complex alert strategies
💡 Trading Tips:
- Combine divergence signals with trend direction for better accuracy
- Wait for signal confirmation before entering trades
- Use additional indicators or price action for exit decisions
This indicator helps traders identify potential trend reversals while keeping them aligned with the main market trend. Perfect for both trend following and counter-trend strategies when used appropriately.
Tags: CCI, trend following, divergence, momentum, signals, SMA, multi-timeframe, technical analysis, trend filter, oversold, overbought
Note: Past performance does not guarantee future results. Always combine with proper risk management.
SMA Fibonacci Rainbow Waves[FibonacciFlux]SMA Fibonacci Rainbow Waves
Overview
The SMA Fibonacci Rainbow Waves script is designed for traders who seek to blend simplicity with complexity in their trading strategies. By leveraging multiple Simple Moving Averages (SMAs) weighted by Fibonacci numbers, this indicator provides a nuanced view of price action, allowing traders to capture essential market dynamics while filtering out unnecessary noise.
Key Features
1. Multiple Simple Moving Averages (SMA)
- The indicator employs a series of SMAs to represent both short-term and long-term trends, providing a comprehensive view of market sentiment.
- Each SMA helps identify critical price levels that serve as support and resistance, particularly the purple Fibonacci SMA, which can be pivotal for limit entries. Traders positioned at this level can initiate stop-loss hunts at the institutional level, potentially achieving risk-reward ratios exceeding 30.
2. Fibonacci Weighting
- By applying Fibonacci principles to the SMAs, the indicator enhances adaptability to market conditions.
- This unique approach allows traders to pinpoint significant support and resistance levels within Fibonacci layers, enabling them to anticipate market movements effectively.
3. Dynamic Support and Resistance Levels
- The SMA Fibonacci Rainbow Waves indicator identifies key price levels that act as support and resistance based on Fibonacci layers.
- For instance, on the hourly chart, these levels function as reliable zones for traders to watch for potential reversals, while on the 15-minute chart, a consolidation within the rainbow pocket followed by expansion can signal lucrative trading opportunities.
4. Visual Clarity with Color Coding
- Each SMA is assigned a distinct color, making it easy to differentiate between the various levels on the chart.
- Fills between SMAs visually represent zones of confluence, enhancing the analysis of potential trading opportunities.
Signal Generation and Alerts
- The indicator generates buy and sell signals based on the interactions of the SMAs, providing clear entry and exit points.
- Customizable alerts notify traders of significant market changes, allowing for timely reactions to evolving conditions.
Benefits
1. Simplified Trading Approach
- Traders can focus on significant market trends without distraction, enhancing decision-making efficiency and reducing emotional trading.
2. Flexibility Across Timeframes
- The indicator operates effectively across multiple timeframes, allowing traders to apply its principles in various scenarios, from scalping to longer-term strategies.
3. Enhanced Market Insights
- The combination of multiple SMAs and Fibonacci weighting offers a comprehensive view of market trends, helping traders identify lucrative opportunities that may be overlooked.
4. Bridging Simplicity and Complexity
- This indicator elegantly addresses the contradictions in trading psychology, allowing traders to maintain clarity while navigating complex market dynamics.
Conclusion
The SMA Fibonacci Rainbow Waves script is an essential tool for traders seeking to streamline their analysis while effectively capturing market movements. By integrating Fibonacci principles with multiple SMAs, this indicator empowers traders to follow trends confidently. Its design makes it invaluable for both novice and experienced traders, revealing entry points often missed by traditional indicators.
Open Source Collaboration
This script is available as an open-source project on TradingView, inviting contributions from the global trading community to enhance its functionality. Collaboration ensures it remains a valuable resource for market participants.
Important Note
As with any trading tool, thorough analysis and risk management are crucial when using this indicator. Past performance does not guarantee future results, and traders should always prepare for potential market fluctuations.
HMA Fibonacci Rainbow Waves[FibonacciFlux]HMA Fibonacci Rainbow Waves
Overview
The HMA Fibonacci Rainbow Waves script is designed for traders who strive for simplicity in their trading strategies while navigating the complexities of chart analysis. By utilizing the Hull Moving Average (HMA) for smoothing, this indicator provides a refined view of price action. However, over-smoothing can sometimes filter out essential market noise. To address this, the indicator incorporates a unique approach by applying Fibonacci weighting to seven HMA200 calculations. This enables traders to capture noise while effectively following market trends.
BTCUSDT 4hour
Key Features
1. Hull Moving Average (HMA)
- The HMA is known for its responsiveness and ability to filter out noise, providing a clear view of the underlying trend.
- The indicator balances smoothness with responsiveness, making it suitable for various trading styles, from day trading to swing trading and scalping.
2. Fibonacci Weighting
- By applying Fibonacci numbers to the HMA calculations, the indicator enhances its ability to adapt to market dynamics.
- This unique approach allows traders to maintain clarity while accommodating fluctuations in price action, ensuring they do not miss critical entry points.
3. Multi-Timeframe Functionality
- The HMA Fibonacci Rainbow Waves indicator operates effectively across multiple timeframes, including daily, 4-hour, 5-minute, and 1-minute charts.
- This adaptability makes it a valuable tool for traders, regardless of their preferred trading style, facilitating seamless transitions between different market conditions.
4. Noise Capture and Trend Following
- The indicator is designed to capture essential market movements while filtering out excessive noise.
- It helps traders follow trends without being overwhelmed by market fluctuations, allowing them to act on advantageous entry conditions that might otherwise be obscured.
Signal Generation and Alerts
- The indicator generates buy and sell signals based on the relationship between the HMAs, providing clear entry and exit points.
- Customizable alerts keep traders informed of significant changes in market conditions, enabling timely decisions that reflect the nuances of market behavior.
BTCUSDT 15min
Benefits
1. Simplified Trading Approach
- Traders can focus on core market movements without being distracted by excessive noise, enhancing decision-making efficiency and minimizing emotional trading.
2. Flexibility Across Timeframes
- The ability to function across different timeframes allows traders to apply the same principles in various trading scenarios, from quick scalps to strategic swing trades.
3. Enhanced Market Insights
- The combination of HMA smoothing and Fibonacci weighting offers a comprehensive view of market trends, aiding traders in identifying potential opportunities, including those that institutional investors might exploit.
4. Resolving Complexity with Simplicity
- This indicator elegantly bridges the gap between simplicity and complexity, providing a single tool that addresses the inherent contradictions in trading psychology. It allows traders to simplify their strategies while still capturing the dynamic nature of the market.
BTCUSDT 1min
Conclusion
The HMA Fibonacci Rainbow Waves script is a powerful tool for traders seeking to streamline their analysis while effectively capturing market dynamics. By integrating advanced smoothing techniques with Fibonacci weighting, this indicator empowers traders to follow market trends confidently across various timeframes. Its design makes it an essential asset for both novice and experienced traders alike, offering insights that can reveal entry points often missed by traditional indicators.
Open Source Collaboration
This script is released as an open-source project on TradingView, inviting the global trading community to contribute and enhance its functionality. By collaborating on this project, traders can help improve its capabilities, ensuring it remains a valuable resource for market participants around the world.
Important Note
As with any trading tool, it is crucial to conduct thorough analysis and risk management when using this indicator. Past performance does not guarantee future results, and traders should always be prepared for potential market fluctuations.
Multi-Average Trend Indicator (MATI)[FibonacciFlux]Multi-Average Trend Indicator (MATI)
Overview
The Multi-Average Trend Indicator (MATI) is a versatile technical analysis tool designed for traders who aim to enhance their market insights and streamline their decision-making processes across various timeframes. By integrating multiple advanced moving averages, this indicator serves as a robust framework for identifying market trends, making it suitable for different trading styles—from scalping to swing trading.
MATI 4-hourly support/resistance
MATI 1-hourly support/resistance
MATI 15 minutes support/resistance
MATI 1 minutes support/resistance
Key Features
1. Diverse Moving Averages
- COVWMA (Coefficient of Variation Weighted Moving Average) :
- Provides insights into price volatility, helping traders identify the strength of trends in fast-moving markets, particularly useful for 1-minute scalping .
- DEMA (Double Exponential Moving Average) :
- Minimizes lag and quickly responds to price changes, making it ideal for capturing short-term price movements during volatile trading sessions .
- EMA (Exponential Moving Average) :
- Focuses on recent price action to indicate the prevailing trend, vital for day traders looking to enter positions based on current momentum.
- KAMA (Kaufman's Adaptive Moving Average) :
- Adapts to market volatility, smoothing out price action and reducing false signals, which is crucial for 4-hour day trading strategies.
- SMA (Simple Moving Average) :
- Provides a foundational view of the market trend, useful for swing traders looking at overall price direction over longer periods.
- VIDYA (Variable Index Dynamic Average) :
- Adjusts based on market conditions, offering a dynamic perspective that can help traders capture emerging trends.
2. Combined Moving Average
- The MATI's combined moving average synthesizes all individual moving averages into a single line, providing a clear and concise summary of market direction. This feature is especially useful for identifying trend continuations or reversals across various timeframes .
3. Dynamic Color Coding
- Each moving average is visually represented with color coding:
- Green indicates bullish conditions, while Red suggests bearish trends.
- This visual feedback allows traders to quickly assess market sentiment, facilitating faster decision-making.
4. Signal Generation and Alerts
- The indicator generates buy signals when the combined moving average crosses above its previous value, indicating a potential upward trend—ideal for quick entries in scalping.
- Conversely, sell signals are triggered when the combined moving average crosses below its previous value, useful for exiting positions or entering short trades.
Insights and Applications
1. Scalping on 1-Minute Charts
- The MATI excels in fast-paced environments, allowing scalpers to identify quick entry and exit points based on short-term trends. With dynamic signals and alerts, traders can react swiftly to price movements, maximizing profit potential in brief price fluctuations.
2. Day Trading on 4-Hour Charts
- For day traders, the MATI provides essential insights into intraday trends. By analyzing the combined moving average and its relation to individual moving averages, traders can make informed decisions on when to enter or exit positions, capitalizing on daily price swings.
3. Swing Trading on Daily Charts
- The MATI also serves as a valuable tool for swing traders. By evaluating longer-term trends through the combined moving average, traders can identify potential swing points and adjust their strategies accordingly. The flexibility of adjusting the lengths of the moving averages allows for tailored approaches based on market volatility.
Benefits
1. Clarity and Insight
- The combination of diverse moving averages offers a clear visual representation of market trends, aiding traders in making informed decisions across multiple timeframes.
2. Flexibility and Customization
- With adjustable parameters, traders can adapt the MATI to their specific strategies, making it suitable for various market conditions and trading styles.
3. Real-Time Alerts and Efficiency
- Built-in alerts minimize response times, allowing traders to capitalize on opportunities as they arise, regardless of their trading style.
Conclusion
The Multi-Average Trend Indicator (MATI) is an essential tool for traders seeking to enhance their technical analysis capabilities. By seamlessly integrating multiple moving averages with dynamic color coding and real-time alerts, this indicator provides a comprehensive approach to understanding market trends. Its versatility makes it an invaluable asset for scalpers, day traders, and swing traders alike.
Important Note
As with any trading tool, thorough analysis and risk management are crucial when using this indicator. Past performance does not guarantee future results, and traders should always be prepared for market fluctuations.
Hinton Map█ HINTON MAP
This script displays a Hinton Map visualization of market data for user-defined tickers and timeframes. It uses color gradients to represent the magnitude and direction of price change, RSI, and a combination of both.
This is one example. You can modify and try other values as you wish, but do keep the incoming values between -1 and 1.
In the Example Usage:
Users can input up to 5 symbols and 5 timeframes. For each ticker/timeframe combination:
The box size represents the relative magnitude of the 2-bar percentage change.
The box fill color represents the direction and magnitude of the 2-bar percentage change.
The box border color and thickness represent the RSI deviation from 50.
The inner box color represents a combination of price change magnitude and RSI deviation from 50.
Hovering over each box displays a tooltip with the ticker, timeframe, percentage change, and RSI.
Inputs:
• Unit Size (bars):
The size of each Hinton unit in bars.
Type: int
Default Value: 10
• Border Width:
The base width of the inner box border.
Type: int
Default Value: 3
• Negative Hue (0-360):
The hue value for negative price changes (0-360).
Type: float
Default Value: 100
• Positive Hue (0-360):
The hue value for positive price changes (0-360).
Type: float
Default Value: 180
• Ticker 1-5:
The tickers to display on the Hinton map.
Type: string
Default Value: AAPL
• Timeframes (comma separated):
The timeframes to display on the Hinton map (comma-separated).
Type: string
Default Value: 1, 5, 60, 1D, 1W
(Fun Note: My Home town is named `Hinton`)
