Burr ORBMarks the ORB on desired timeframe. Also marks the previous days High and Low for reference during Session
指標和策略
Burr MTFA ORBMarks the high and low of the Opening Range Candle across multiple timeframes. Extends these lines through the entirety of NY Session
Kijun-Sen Filter for ScalpingThis is designed to assist lower time framed trading strategies with general trend sentiment. The baseline indicator used in this script is the trust Kijun-Sen. The baseline is best to be used on the daily timeframe however you can select whichever you prefer the same applies to the period as well.
You will see a table in the top right of the screen letting you know the trend direction.
Bullish
Bearish
RSI Div + Engulfing + Volume + S/R Zones [Visuals]Here’s the combined TradingView Pine Script with both bullish and bearish RSI divergences alongside engulfing candles
PoiBox# PoiBox: Advanced Market Structure and POI Visualization Tool
PoiBox is a comprehensive market structure analysis tool designed to identify high-probability trading zones through advanced internal market structure (IDM) detection and points of interest (POI) calculation.
## How It Works
The indicator uses a multi-step approach to analyze price action:
1. **Market Structure Identification**: The script identifies significant highs and lows within your selected time range to determine the overall market structure direction (up or down).
2. **IDM Pattern Detection**: It then analyzes internal market structure patterns within this range, focusing on significant price movements that create trading opportunities.
3. **POI Calculation**: Using adaptive ATR measurements across multiple timeframes, the indicator calculates precise POI zones where price is likely to react. These zones are calibrated based on the volatility profile of each identified structure.
4. **Timeframe Correlation**: The script automatically determines which timeframe best matches each structure's size, providing valuable context for your trading decisions.
5. **Technical Implementation**: The indicator uses a sophisticated algorithm to analyze price swings, identify pivot points, and calculate market structure connections. It maintains a database of significant highs/lows and uses these to determine trend direction and potential reversal zones.
## Display Modes
PoiBox offers three powerful display options:
- **Main BOS**: Shows only the most significant breakout structure with its associated POI zone
- **Leg**: Displays the largest price leg within the selected range along with percentage-based POI zones
- **All IDMs**: Reveals all detected internal market structures and their POI zones
## Advanced Features
- **QM Mode**: Visualizes important market structure relationships with dashed lines connecting significant highs and lows
- **Trick Display**: Identifies nested market structures (tricks) within larger patterns, perfect for precision entries
- **Customizable POI Labels**: Control which price labels appear to maintain chart clarity
- **Extensive Color Settings**: Fully customizable colors for all visual elements
- **Safety Functions**: Includes built-in buffer management and error prevention algorithms to ensure stable performance across all timeframes and market conditions
## Trading Examples
**Downtrend Example:**
When PoiBox identifies a downtrend structure (Higher High → High → Low → Lower Low), it creates POI zones based on the market structure. As shown in the chart, these zones provide excellent entry opportunities when price returns to test previous structure. In this example, entering at the red POI zone with a stop above the zone and target at the QM level resulted in a 3.45 risk/reward trade.
**How to Read QM Lines:**
The dashed lines connecting High → Low → Higher High → Lower Low reveal the market's true structure. These connections help you anticipate where price might head next. When price breaks below a significant Low and creates a Lower Low, it confirms the downtrend continuation and provides a trading opportunity when price retests the broken structure.
**POI Zone Interpretation:**
- Red zones indicate bearish POI areas (ideal for short entries)
- Green zones indicate bullish POI areas (ideal for long entries)
- Yellow zones highlight the identified market structure
## Practical Application Example
In the GBP/USD example shown in the chart:
1. PoiBox identified a downtrend structure with Higher High → High → Low → Lower Low
2. The yellow box shows the main market structure area
3. The red POI zone appeared when price returned to test previous structure
4. Entry was taken at the POI zone with stop loss above structure
5. Target was placed at the QM level, resulting in a 3.45 risk/reward ratio trade
6. The dashed QM lines showed the overall market flow and direction
This demonstrates how PoiBox automatically identifies optimal entry and exit points based on market structure, without requiring manual analysis of each price swing.
## Mathematical Approach
PoiBox uses several mathematical concepts to determine market structure and calculate POI zones:
1. **Adaptive ATR Integration**: The script analyzes ATR (Average True Range) across multiple timeframes (M1, M5, M15, H1, H4, D1, W1, MN1) to determine the appropriate volatility context for each structure.
2. **Height-to-ATR Ratio**: The indicator calculates the ratio between structure height and the closest matching ATR value to determine the structure's timeframe context.
3. **Dynamic POI Calculation**: POI values are calculated using the formula:
`POI = factor * (atr_trigger + atr_double_trigger)`
where `factor` is derived from the structure's height-to-ATR ratio.
4. **Self-Adjusting Limits**: If the calculated POI value exceeds certain thresholds relative to structure height, the script automatically applies proportional adjustments to maintain optimal zone sizing.
## What Makes PoiBox Unique
While many indicators use common concepts like support/resistance or trend analysis, PoiBox stands apart through its:
1. **Adaptive POI Calculation**: Unlike static indicators, PoiBox automatically calibrates POI zones based on each market structure's volatility profile by analyzing ATR across multiple timeframes.
2. **Smart Timeframe Detection**: The indicator automatically determines the most relevant timeframe for each structure, eliminating guesswork and helping you align your trading with the appropriate market cycles.
3. **QM Visualization System**: Our proprietary QM visualization method reveals hidden market structure relationships that standard indicators cannot detect, giving you an edge in anticipating price movements.
4. **Nested Pattern Recognition**: The "Trick" detection feature identifies high-probability setups where smaller patterns form within larger ones, creating precise entry opportunities missed by conventional tools.
5. **Self-Adjusting Analysis**: PoiBox dynamically adapts to changing market conditions without requiring manual parameter adjustments, saving you time and increasing accuracy.
These innovations combine to create a truly original trading system that transforms complex market structure concepts into clear, actionable signals.
## How To Use
1. Define your analysis area using the time range selectors (X1 and X2)
2. Choose your preferred display mode based on your trading style
3. Enable QM Mode for additional market structure context if needed
4. Use the POI zones as potential entry and exit areas for your trades
5. Reference the automatically detected timeframe indicators to align your trading with the appropriate timeframe
### Settings Explanation
**Display Settings:**
- Display Mode: Choose between Main BOS, Leg, or All IDMs visualization
- QM Mode: Enable to see market structure connections with dashed lines
**Trick Settings:**
- Trick Display: Show the main trick or all nested patterns
- Trick POI: Control which POI zones appear for trick patterns
**Label Settings:**
- Leg POI %: Customize percentage-based POI zones in Leg mode
- POI Labels: Control which price labels appear on your chart
**Time Range:**
- X1 and X2: Define the analysis area for market structure detection
**Colors:**
- TF Color: Color for timeframe labels
- H/L Color: Color for high/low labels
- QM Lines: Color for market structure connection lines
- Trick Color: Color for nested pattern visualization
This indicator is designed for traders who understand market structure concepts and want a powerful tool that automatically identifies high-probability trading zones based on structural price patterns and volatility-adjusted measurements.
RSI Divergence + Engulfing with Volume & S/R ZonesA combined TradingView Pine Script with both bullish and bearish RSI divergences alongside engulfing candles
MA14-28-57The 142857 number sequence is used to explain and visualize the dynamics of the interaction between the two great laws of the Universe: the Law of Three and the Law of Seven. I believe that the periods 14-28-57 also work for Stock prices.
Vortex SMA StrategyThere are two components to this script:
- Vortex Indicator (This will signal the long and short entries)
- SMA (This acts as a filter when price is above the SMA it only signals longs, when the price is below the SMA it only signals shorts)
Examples of longs and shorts
It's best to use a volume indicator paired with this to further filter losing trades.
If you have any ideas send me a message please!
BURR ORB CONFIRMATIONVWAP, 50 EMA, 200 EMA. Provides 3 points of confirmation before taking ORB Breakout. Reduces fakeouts and liquidity traps and ensures strong trend. Pair with Volume Histogram, MACD, RSI
FVG [TakingProphets]🧠 Purpose
This indicator is built for traders applying Inner Circle Trader (ICT) methodology. It detects and manages Fair Value Gaps (FVGs) — price imbalances that often act as future reaction zones. It also highlights New Day Opening Gaps (NDOGs) and New Week Opening Gaps (NWOGs) that frequently play a role in early-session price behavior.
📚 What is a Fair Value Gap?
A Fair Value Gap forms when price moves rapidly, skipping over a portion of the chart between three candles — typically between the high of the first candle and the low of the third. These zones are considered inefficient, meaning institutions may return to them later to:
-Rebalance unfilled orders
-Enter or scale into positions
-Engineer liquidity with minimal slippage
In ICT methodology, FVGs are seen as both entry zones and targets, depending on market structure and context.
⚙️ How It Works
-This script automatically identifies and manages valid FVGs using the following logic:
-Bullish FVGs: When the low of the current candle is above the high from two candles ago
-Bearish FVGs: When the high of the current candle is below the body of two candles ago
-Minimum Gap Filter: Gaps must be larger than 0.05% of price
-Combine Consecutive Gaps (optional): Merges adjacent gaps of the same type
-Consequent Encroachment Line (optional): Plots the midpoint of each gap
-NDOG/NWOG Tracking: Labels gaps created during the 5–6 PM session transition
-Automatic Invalidation: Gaps are removed once price closes beyond their boundary
🎯 Practical Use
-Use unmitigated FVGs as potential entry points or targets
-Monitor NDOG and NWOG for context around daily or weekly opens
-Apply the midpoint (encroachment) line for precise execution decisions
-Let the script handle cleanup — only active, relevant zones remain visible
🎨 Customization
-Control colors for bullish, bearish, and opening gaps
-Toggle FVG borders and midpoint lines
-Enable or disable combining of consecutive gaps
-Fully automated zone management, no manual intervention required
✅ Summary
This tool offers a clear, rules-based approach to identifying price inefficiencies rooted in ICT methodology. Whether used for intraday or swing trading, it helps traders stay focused on valid, active Fair Value Gaps while filtering out noise and maintaining chart clarity.
No gaps candlescreate a script myself so I can take more control on the indicator. updated to version 6, keep the same logic from the creator. you can search the same title, he has like 1K use
EMA 20/50simple EMA, that's all I need. only 20 and 50 EMA, very easy to understand the trend. also fit better with my strategy, I trade 15mins+ TH.
True Day OpenThis script plots the True Day Open (TDO) — the 9:30 AM Eastern Time opening price of the New York session — which serves as a critical institutional reference point. Use it as a bias filter for intraday trading: price above TDO favors long setups; price below favors shorts. Works best when combined with VWAP, Fibonacci levels, and Initial Balance.
Marubozu + Clean Wick Edge (Toggleable w/ Presets)📊 Marubozu + Wickless Edge Highlighter (w/ Toggles & Alerts)
This indicator identifies and visually highlights strong momentum candles using a combination of classic candlestick logic and precision wick analysis:
🔹 Features:
✅ Bullish Marubozu (green): Candles that open near their low and close near their high, indicating strong buying pressure
✅ Bearish Marubozu (red): Candles that open near their high and close near their low, signaling aggressive selling
🟪 Wickless Edge Candles (purple): Any candle with a flat top or bottom (no wick on at least one end), often representing clean institutional activity or high conviction
🛠️ Fully Customizable:
Toggle each candle type on/off (Bullish, Bearish, Wickless)
Adjust detection tolerances for wick length precision
Color-coded bars for easy visual scanning
🔔 Built-In Alerts:
Receive alerts the moment a Bullish or Bearish Marubozu prints
📈 Ideal For:
Momentum traders
Breakout or breakdown entries
Spotting institutional-style candles with clean conviction
Marubozu + Clean Wick Edge (Toggleable)📊 Marubozu + Wickless Edge Highlighter (w/ Toggles & Alerts)
This indicator identifies and visually highlights strong momentum candles using a combination of classic candlestick logic and precision wick analysis:
🔹 Features:
✅ Bullish Marubozu (green): Candles that open near their low and close near their high, indicating strong buying pressure
✅ Bearish Marubozu (red): Candles that open near their high and close near their low, signaling aggressive selling
🟪 Wickless Edge Candles (purple): Any candle with a flat top or bottom (no wick on at least one end), often representing clean institutional activity or high conviction
🛠️ Fully Customizable:
Toggle each candle type on/off (Bullish, Bearish, Wickless)
Adjust detection tolerances for wick length precision
Color-coded bars for easy visual scanning
🔔 Built-In Alerts:
Receive alerts the moment a Bullish or Bearish Marubozu prints
📈 Ideal For:
Momentum traders
Breakout or breakdown entries
Spotting institutional-style candles with clean conviction
HoonMhee Data Levels ToolThis tool is designed specifically for drawing horizontal lines based on Hoonmhee trading data. It is not a complete trading strategy and does not generate any buy or sell signals.
Bull & Bear Elephant, Lead Candleds, Elephant Bars + Alerts)🔍 Bullish & Bearish Marubozu Highlighter (w/ Alerts)
This indicator detects Bullish and Bearish Marubozu candles and highlights them along with the next two candles for visual confirmation of strong directional momentum.
🔹 Key Features:
✅ Bullish Marubozu: Candle opens near its low and closes near its high → painted lime green
✅ Bearish Marubozu: Candle opens near its high and closes near its low → painted red
🎯 2-bar follow-through: The next two candles after a Marubozu are also colored to track immediate continuation
🔔 Built-in alerts: Get notified instantly when either type is detected
📌 Use Case:
Ideal for momentum traders, breakout strategies, and reversal confirmations on all timeframes. Marubozus often signal strong buying or selling pressure and can precede sharp moves.
Market ForcastCore Concept:
It analyzes a recent segment of price data (user-defined length).
It searches backwards in historical data for similar sequences using one of several similarity methods (e.g., Pearson, Cosine, Euclidean, etc.).
Once a match is found, it projects the future movement from that past pattern onto the present, visualizing how the price may move next.
⚙️ How It Works:
1. Data Preparation:
Gathers historical price or percent change data into arrays.
Defines the "recent" segment (length = Correlation Length) as the pattern to match.
Searches backward over Bars Back To Search length to find a matching sequence.
2. Similarity Matching:
Compares each past sequence to the current one using the selected similarity method:
Cosine Similarity (default): Angle between vectors.
Pearson / Spearman / Kendall: Statistical correlation.
Euclidean: Distance between points.
MSE (Mean Squared Error): Variance difference.
3. Forecasting:
Once the most similar historical sequence is found, the price movement that followed it is used as a forecast.
Forecast is drawn as:
A dotted line (ponly) showing projected price direction.
An optional ZigZag (zonly) drawn using projected highs and lows.
Optionally, a linear regression channel around the projected line.
4. Visualization:
Draws:
Two boxes: One around the original pattern found in history, and one for the forecasted period.
Optional ZigZag projections connecting the high/low points of the forecast.
Optional Linear Regression Channel with standard deviation bounds.
Forecast line via dotted segments.
📊 User Inputs Include:
Correlation Length: Size of the recent pattern to match.
Forecast Length: How far into the future to project.
Similarity Method: Choice of similarity algorithm.
Search Range: How many past bars to search through.
Visual toggles for ZigZag, price line, and regression channel.
📈 Use Case:
This script is intended for pattern forecasting or cycle recognition, useful in markets with repetitive behavior. It’s experimental and not for blind execution, but can offer visual guidance for anticipating movement based on historical patterns.
FVG Alerts (Vortus)Fair Value Gaps (FVGs) represent price inefficiencies where buying and selling volumes are imbalanced, creating gaps between the wicks of consecutive candles. These gaps often act as magnets for price, as markets tend to "fill" these gaps before resuming their trend.
FVGs can signal potential entry or exit points, making them a valuable tool for traders looking to exploit these price inefficiencies.
Custom Cloud Tops & BottomsThe Custom Cloud Tops & Bottoms Indicator is an Ichimoku-inspired tool designed to help traders identify market trends, reversals, and optimal trading opportunities. It plots a dynamic cloud using fast (9) and slow (26) Exponential Moving Averages (EMAs), marks market tops and bottoms with pivot-based signals, and generates buy/sell signals based on cloud breakouts confirmed by RSI momentum. This versatile indicator is suitable for swing trading, day trading, or trend following across various markets (e.g., stocks, forex, crypto) and timeframes.
Features
• Cloud: A forward-shifted cloud (default: 9 bars) that acts as dynamic support/resistance. Green indicates a bullish trend (fast EMA > slow EMA), and red indicates a bearish trend (fast EMA < slow EMA).
• Tops and Bottoms: Pivot points mark potential market reversals, confirmed by cloud rejections. Tops are shown with red triangles and diamonds, bottoms with green triangles and diamonds.
• Buy/Sell Signals: Generated when price breaks above (buy) or below (sell) the cloud, with RSI confirming momentum. Buy signals appear as green circles and squares, sell signals as red circles and squares.
• Customizable Parameters: Adjust EMA lengths, cloud offset, pivot lookback, and RSI settings to suit your trading style.
Setup Instructions
1. Add the Indicator to TradingView:
• Open TradingView and navigate to the Pine Editor (bottom panel).
• Copy and paste the indicator’s script into the editor.
• Click Save and name the script (e.g., “Custom Cloud Indicator”).
• Click Add to Chart to apply the indicator to your active chart.
2. Configure Settings:
• Click the gear icon next to the indicator’s name in the chart’s legend to open the settings.
• Adjust the following inputs as needed:
• Fast EMA Length (default: 9): Controls the sensitivity of the fast EMA. Lower values make the cloud more responsive to price changes.
• Slow EMA Length (default: 26): Controls the smoothness of the slow EMA. Higher values create a broader cloud.
• Cloud Offset (default: 9): Number of bars to shift the cloud forward, similar to Ichimoku’s projection. Increase for longer-term projections.
• Pivot Lookback (default: 5): Number of bars to look back for detecting tops and bottoms. Smaller values detect more frequent pivots; larger values detect major reversals.
• RSI Length (default: 14): Period for RSI calculation. Adjust for more or less sensitivity to momentum.
• RSI Overbought (default: 70): RSI level above which buy signals are filtered out to avoid overbought conditions.
• RSI Oversold (default: 30): RSI level below which sell signals are filtered out to avoid oversold conditions.
• Click OK to apply changes.
3. Choose a Timeframe:
• The indicator works on any timeframe. Use:
• Lower timeframes (e.g., 5m, 15m) for day trading or scalping (expect more signals but potential noise).
• Higher timeframes (e.g., 1h, 4h, daily) for swing trading or trend following (fewer but more reliable signals).
• Test the indicator on your preferred asset (e.g., BTC/USD, AAPL, EUR/USD) to ensure compatibility.
4. Set Alerts (Optional):
• To receive notifications for tops, bottoms, or buy/sell signals:
• Right-click on the chart and select Create Alert.
• Choose the indicator from the dropdown and select conditions (e.g., “Buy Signal” or “Market Top”).
• Configure the alert (e.g., email, SMS, or popup) and save.
Interpreting Signals
The indicator provides visual cues to guide your trading decisions. Here’s how to interpret each component:
1. Cloud:
• Green Cloud: Indicates a bullish trend (fast EMA > slow EMA). Price above the cloud suggests strong bullish momentum; consider long positions.
• Red Cloud: Indicates a bearish trend (fast EMA < slow EMA). Price below the cloud suggests strong bearish momentum; consider short positions or exiting longs.
• Cloud as Support/Resistance: The cloud’s edges act as dynamic levels. Price approaching the cloud may bounce (support/resistance) or break through (trend change).
2. Tops and Bottoms:
• Red Triangles/Diamonds (Tops): Mark potential market peaks where price is above the cloud, indicating a pivot high. Use these as signals to:
• Sell or take profits on long positions.
• Enter short positions if bearish confirmation (e.g., price breaks below cloud).
• Green Triangles/Diamonds (Bottoms): Mark potential market lows where price is below the cloud, indicating a pivot low. Use these as signals to:
• Buy or enter long positions if bullish confirmation (e.g., price breaks above cloud).
• Close short positions.
• Confirmation: Tops and bottoms are more reliable when confirmed by other indicators (e.g., volume spikes, support/resistance levels).
3. Buy/Sell Signals:
• Green Circles/Squares (Buy Signals): Triggered when price crosses above the cloud, RSI is not overbought (<70), and RSI crosses above 50 (bullish momentum). Actions:
• Enter long positions.
• Place stop-loss below the cloud or recent low.
• Red Circles/Squares (Sell Signals): Triggered when price crosses below the cloud, RSI is not oversold (>30), and RSI crosses below 50 (bearish momentum). Actions:
• Enter short positions or exit longs.
• Place stop-loss above the cloud or recent high.
• Context: Signals are stronger when aligned with the cloud’s trend (e.g., buy signals in a green cloud, sell signals in a red cloud).
Trading Tips
To maximize the indicator’s effectiveness, follow these best practices:
1. Confirm Signals with Other Tools:
• Use additional indicators like MACD, Bollinger Bands, or volume to validate tops, bottoms, and signals.
• Check key support/resistance levels or Fibonacci retracements to confirm entry/exit points.
2. Align with Trend:
• In a green cloud (bullish), prioritize buy signals and be cautious with sell signals.
• In a red cloud (bearish), prioritize sell signals and be cautious with buy signals.
3. Manage Risk:
• Always use a stop-loss to protect against false signals (e.g., below the cloud for longs, above the cloud for shorts).
• Apply proper position sizing based on your risk tolerance (e.g., risk 1-2% of account per trade).
4. Avoid Choppy Markets:
• In sideways markets, the cloud may produce frequent false signals. Look for low volatility (e.g., narrow cloud) and avoid trading until a clear trend emerges.
• Use higher timeframes (e.g., 4h, daily) to filter out noise.
5. Backtest First:
• Test the indicator on your chosen asset and timeframe using TradingView’s Strategy Tester or manual backtesting.
• Evaluate win rate, risk/reward ratio, and signal frequency to ensure it fits your strategy.
6. Timeframe Selection:
• Day Trading: Use 5m, 15m, or 1h charts for frequent signals, but confirm with higher timeframes (e.g., 4h) for trend direction.
• Swing Trading: Use 4h, daily, or weekly charts for reliable signals and longer-term trades.
Customization
The indicator is highly customizable to adapt to different markets, timeframes, or trading styles:
1. Adjust Input Parameters:
• EMA Lengths: Shorten (e.g., 5/13) for faster markets (crypto), lengthen (e.g., 12/36) for slower markets (stocks).
• Cloud Offset: Increase (e.g., 12) for longer-term projections, decrease (e.g., 5) for shorter-term analysis.
• Pivot Lookback: Decrease (e.g., 3) for more frequent tops/bottoms, increase (e.g., 7) for major reversals.
• RSI Settings: Tighten overbought/oversold levels (e.g., 80/20) for conservative signals, loosen (e.g., 65/35) for more signals.
2. Modify Visuals:
• Edit the script to change colors (e.g., replace color.green with color.blue for buy signals).
• Adjust shape sizes (e.g., change size.tiny to size.small) or styles (e.g., shape.circle to shape.cross) in plotshape calls.
3. Add Alerts:
• Customize alerts for specific signals (e.g., “Buy Signal” or “Market Top”) to automate notifications.
4. Extend Functionality:
• Contact the script’s author or a Pine Script developer to add features like:
• Text labels for signals (if compatible with your TradingView version).
• Additional momentum indicators (e.g., MACD, Stochastic).
• Automated trading strategies based on signals.
Limitations
While powerful, the indicator has some limitations to be aware of:
1. Lagging Signals:
• EMAs and RSI are lagging indicators, so signals may appear after price has already moved. Use in trending markets for best results.
2. False Signals in Choppy Markets:
• Sideways or low-volatility markets can produce frequent false signals. Confirm with other tools or wait for a breakout.
3. Timeframe Sensitivity:
• Lower timeframes (e.g., 1m, 5m) generate more signals but are noisier. Higher timeframes (e.g., 4h, daily) are more reliable but slower.
4. Market Dependency:
• Performance varies by asset. Backtest on your specific market (e.g., forex, stocks, crypto) to optimize settings.
5. No Guarantee of Profits:
• The indicator is a tool, not a crystal ball. Combine it with a solid trading plan, risk management, and market analysis.
Example Trading Scenario
Asset: BTC/USD on a 4h chart
Setup:
• Fast EMA: 9, Slow EMA: 26, Cloud Offset: 9, Pivot Lookback: 5, RSI: 14 (70/30).
• Price is below a red cloud, indicating a bearish trend.
Steps:
1. Spot a Bottom: A green triangle and diamond appear below a candle, indicating a pivot low below the cloud (potential reversal).
2. Wait for Confirmation: Price moves toward the cloud. RSI rises but stays below 70 (not overbought).
3. Enter on Buy Signal: A green circle and square appear when price crosses above the cloud, and RSI crosses above 50. Enter a long position at the close of the signal candle.
4. Set Risk Management:
• Stop-Loss: Place below the recent low or cloud bottom (e.g., 5% below entry).
• Take-Profit: Target the next resistance level or a 2:1 risk/reward ratio.
5. Monitor: If a red triangle/diamond (top) appears, consider taking partial profits. Exit if a sell signal (red circle/square) occurs.
Outcome: The trade captures a bullish move as price stays above the green cloud, confirmed by RSI momentum.
Getting Started
1. Apply the Indicator: Follow the setup instructions to add it to your chart.
2. Test on a Demo Account: Use TradingView’s paper trading or a broker’s demo account to practice with the indicator.
3. Join the Community: Share your experience or ask questions in TradingView’s comments section (if published) or relevant trading forums.
4. Provide Feedback: If you have suggestions (e.g., adding alerts, modifying visuals), contact the script’s author for updates.
Why Use This Indicator?
The Custom Cloud Tops & Bottoms Indicator simplifies complex market analysis with a clear, Ichimoku-inspired cloud, precise reversal signals, and momentum-driven entries. Whether you’re a beginner or an experienced trader, it provides actionable insights to catch trends and reversals with confidence.
Happy Trading!
For support, customization, or questions, leave a comment (if published on TradingView) or contact the script’s author. Enjoy using the indicator, and trade wisely!