Pivot Points - [RealFact]Description:
The Pivot Points indicator is a powerful tool for identifying potential support and resistance levels based on previous price action. It calculates key pivot levels (P), along with support (S1, S2) and resistance (R1, R2) levels, which are used to forecast potential turning points in the market.
Key Features:
Pivot Calculation: Based on the previous period's high, low, and close prices.
Support and Resistance Levels: Three support (S1, S2) and three resistance (R1, R2) levels.
Customizable Timeframes: Applicable to various timeframes including daily, weekly, and monthly charts.
Visual Representation: Levels are clearly plotted on the chart, making it easy to identify key areas.
Trading Strategies: Useful for breakout, reversal, and trend-following strategies.
How to Use:
Identify Key Levels: Use the pivot point (P) to determine the general market trend.
Support and Resistance: Look for price reactions at S1, S2, R1 and R2 to find potential entry and exit points.
Combine with Other Indicators: Enhance analysis by combining with other technical indicators such as Moving Averages, RSI, or MACD.
Formula:
Pivot Point (P) = (High + Low + Close) / 3
Support 1 (S1) = 2P - High
Resistance 1 (R1) = 2P - Low
Support 2 (S2) = P - (High - Low)
Resistance 2 (R2) = P + (High - Low)
Best Practices:
Confirm with Volume: Look for volume confirmation when price approaches pivot levels.
Avoid False Breakouts: Be cautious of false breakouts and use other indicators to confirm price moves.
樞軸點
Fundur - Easy ZonesFundur Easy Zones Trading Indicator
The Fundur Easy Zones trading indicator is designed to simplify market analysis by visually marking critical trading zones. This tool helps traders identify optimal buy and sell areas based on historical price action, making it easier to make informed trading decisions.
Calculation Methodology
The Easy Zones indicator employs pivot point calculations combined with price action analysis and the Average True Range (ATR) to determine key trading zones. These zones are calculated by analyzing market volatility and price movements within each timeframe, allowing the identification of significant discount and premium levels.
Pivot Points: The indicator calculates pivot points based on the average of high, low, and close prices from previous periods. These pivot points serve as the foundational levels from which discount and premium zones are derived.
Price Action Analysis: Historical price data is scrutinized to identify patterns and behaviors that signify potential reversal points. This analysis helps in pinpointing zones where the market is likely to experience significant support (discount) or resistance (premium).
Average True Range (ATR): ATR is used to measure market volatility. By incorporating ATR into the calculations, the indicator adjusts the zone boundaries to reflect current market conditions, ensuring that the zones remain relevant and accurate. Higher ATR values indicate greater volatility and wider zones, while lower ATR values result in narrower zones.
Discount and Premium Levels: Based on the pivot points and ATR, the indicator calculates various tiers of discount and premium levels. These tiers (D1, D2, D3 for discounts and P1, P2, P3 for premiums) represent increasing levels of price deviation from the mean, providing traders with clear entry and exit points.
Features Overview
Zones Settings:
Zones History Length: Adjust the number of historical zones displayed on the chart to analyze past price behavior.
Levels Line Width: Customize the thickness of the zone lines for better visibility.
Structure Settings:
Show Fair Value: Display the fair value zone, providing a visual reference for equilibrium price levels. The fair value is calculated based on the median price over the selected period.
DP (Discount and Premium) Settings:
Enable Discount and Premium Levels: Activate the display of critical buy (discount) and sell (premium) zones. These zones are determined using price deviation analysis from the mean, identifying significant discount (support) and premium (resistance) levels.
Tiered Levels: Visualize up to three levels of discount and premium zones, each with specific target prices (TP1, TP2, TP3), representing different levels of price deviation significance.
Highlight Buy and Sell Zones:
Enable Background: Highlight the background of buy and sell zones for enhanced clarity.
Label Settings:
Enable All Labels: Ensure all labels are visible for quick reference.
Show Descriptive Title: Display titles for each zone, making it easier to understand the context.
Show Take Profit Targets (TP): Clearly mark take profit targets within each zone.
Show Price: Display price levels for each zone for precise entry and exit points.
Symbols Settings:
Fair Value, Premium, and Discount Indicators: Customize symbols to represent gaining or losing fair value, premium, and discount levels, enhancing visual cues for market sentiment.
How to Use the Easy Zones Indicator
Identifying Entry Points:
Use the Discount Zones to identify optimal buy areas. The levels (D1, D2, D3) represent increasing levels of discount, with D1 being the least discounted and D3 the most.
Place buy orders at or near these zones to take advantage of potential price reversals.
Identifying Exit Points:
Use the Premium Zones to identify optimal sell areas. The levels (P1, P2, P3) represent increasing levels of premium, with P1 being the least and P3 the highest.
Place sell orders at or near these zones to maximize profits on upward price movements.
Using Fair Value:
The Fair Value Zone provides a balanced price level where the market is likely to return. Use this as a reference point for setting realistic entry and exit targets.
Strategic Planning:
Combine Discount and Premium Zones with the Fair Value Zone to create a strategic trading plan.
Monitor the zones for price reactions and adjust your trading strategy accordingly.
Best Practices
Historical Analysis:
Regularly review historical price actions within the marked zones to understand market behavior.
Customization:
Adjust the settings to suit your trading style and market conditions. Experiment with different zone lengths and line widths for optimal clarity.
Risk Management:
Always use stop-loss orders in conjunction with the identified zones to manage risk effectively.
By integrating the Fundur Easy Zones indicator into your trading strategy, you can enhance your market analysis, make more informed decisions, and ultimately improve your trading performance.
CPR By Ask Dinesh Kumar(ADK)Simple CPR Indicator to increase probability of profitable trades:
The Central Pivot Range (CPR) is a trading tool used by traders to identify potential support and resistance levels in the market. Here's a simplified explanation of how traders can potentially profit using the Central Pivot Range with 10 lines:
1. *Understanding CPR*: CPR consists of three lines: the pivot point (PP), upper resistance level (R1), and lower support level (S1). Additionally, traders often add five more of profitable tradeslines above and below the PP to create a 10-line CPR.
2. *Identify Trend*: Determine the prevailing market trend. If the market is bullish, traders will look for buying opportunities near support levels. If the market is bearish, they'll seek selling opportunities near resistance levels.
3. *Entry Points*: Look for entry points near the support (S1) or resistance (R1) levels within the CPR. These levels can act as potential turning points where price may reverse.
4. *Risk Management*: Set stop-loss orders to manage risk. Stop-loss orders should be placed slightly below support levels for long positions and slightly above resistance levels for short positions.
5. *Profit Targets*: Determine profit targets based on the distance between entry point and the next support or resistance level. Some traders use a risk-reward ratio to ensure potential profits outweigh potential losses.
6. *Confirmation*: Use additional technical indicators or price action patterns to confirm potential entry or exit points within the CPR.
7. *Monitor Price Action*: Continuously monitor price action around the CPR levels. Traders should be prepared to adjust their positions if price breaks through support or resistance levels convincingly.
8. *Trade Management*: Once in a trade, actively manage it by adjusting stop-loss orders, trailing stops, or taking partial profits as price moves in the desired direction.
9. *Market Conditions*: Consider broader market conditions, such as economic indicators, geopolitical events, or news releases, which can impact price movements and the effectiveness of CPR.
10. *Practice and Analysis*: Practice using CPR on historical price charts and analyze past trades to refine strategies and improve decision-making skills.
Remember, trading involves risks, and no strategy guarantees profits. It's essential to thoroughly understand the concepts behind CPR and practice disciplined risk management to increase the likelihood of successful trades.
How does central pivot range work:
Sure here's a concise explanation of how the Central Pivot Range (CPR) works in 10 points:
1. *Calculation*: CPR is calculated using the previous day's high (H), low (L), and close (C) prices.
2. *Pivot Point (PP)*: The central point of CPR is the average of the previous day's high, low, and close prices: PP = (H + L + C) / 3.
3. *Upper Resistance Levels (R1, R2, R3)*: These are potential price levels above the pivot point where resistance may occur. They are calculated by adding a multiple of the range (H - L) to the pivot point: R1 = (2 * PP) - L, R2 = PP + (H - L), R3 = PP + 2 * (H - L).
4. *Lower Support Levels (S1, S2, S3)*: These are potential price levels below the pivot point where support may occur. They are calculated similarly to resistance levels but subtracting multiples of the range from the pivot point: S1 = (2 * PP) - H, S2 = PP - (H - L), S3 = PP - 2 * (H - L).
5. *Trading Signals*: Traders use CPR to identify potential support and resistance levels where price may reverse or stall.
6. *Range Bound Markets*: In range-bound markets, traders may buy near support levels (S1, S2, S3) and sell near resistance levels (R1, R2, R3).
7. *Breakout Trading*: When price breaks through a CPR level convincingly, it may indicate a potential trend continuation or reversal, providing breakout trading opportunities.
8. *Volume and Momentum*: Traders often look for confirmation from volume and momentum indicators when price approaches CPR levels.
9. *Intraday Trading*: CPR can be applied to intraday timeframes as well, providing shorter-term traders with potential trading levels for the day.
10. *Dynamic Indicator*: CPR is dynamic and recalculates daily based on new price data, allowing traders to adapt their strategies to current market conditions.
Understanding how to interpret CPR levels and integrate them into a trading strategy can help traders identify potential entry and exit points in the market.
Pivot Points ++The Pivot Points is a classical indicator that aims to assess the Location in which a market is trading and infer hints about its directional movement. Its concept idea has been evolving along the XX century, tracing back to traders like Jesse Livermore, Nicholas Darvis, William O’Neil and Mark Minervini.
This is a Leading Indicator which computes a series of key levels that might act as Support and Resistance over the selected time frame period.
This version of the Pivot Points delivers a convenient way to visualize its information. It’s been designed for it to be useful to a variety of trading styles: from the ones that use it to detect reversal points, to the ones that gauge the market at a single glance.
HOW TO READ THE PIVOT POINTS
Pivot Points set a series of price levels which remain constant through the time period (which could be: daily, weekly, monthly, yearly or multi-yearly).
At the beginning of a new time period, it calculates the main Pivot Point Level (PP), and depending on the type, it can compute up to 5 Support Levels (S1 to S5) and 5 Resistance Levels (R1 to R5).
Being such a universal indicator, there exist many ways of reading the Pivot Levels. Now, let’s see some common uses of the indicator.
Warning: Please don’t rely on a single indicator to make your trading decisions, but rather integrate it into a coherent system combining it with complementary signals.
Support and Resistance : This is a straightforward approach. Each Pivot Level may act as Support or Resistance. For instance the level S1 initially behaves as Support. As price gets closer, one may observe that the level is being respected and price bounces around the level. Or in case it would get broken, then it would automatically shift its role into a Resistance Level.
Mood Gauge : One can quickly gauge the mood of the market by seeing where price stands in relation to the Main Pivot Point Level (PP). Above the Pivot point is generally interpreted as bullish, whilst standing below implies a bearish tone.
Stop Loss and Profit Levels : When entering on a trade, one can use the Pivot Levels to set the Stop Loss behind it, or set the Take Profit in an area surrounding it.
Agreement with Fibonacci Retracements or Expansions : One can combine the power of these 2 leading indicators in search for Agreement areas where to find both a significant Pivot Level and a Relevant Fibonacci Level.
Volume or Volatility Squeezes : Some traders focus on the Pivot Levels in combination with Volume or Volatility readings, in order to anticipate turning points or continuation legs.
WHY WOULD YOU BE INTERESTED IN THIS INDICATOR?
Pivot Points ++ has been designed to address the needs of dedicated traders. Let’s review its main features.
Display up to 9 sets of Pivot Points simultaneously
Long term view: As an analyst and as a trader, being able to display many sets of Pivot Points simultaneously is of great advantage when assessing long term views on the market.
Pivot Levels clearly Identified: Each set of Pivot Points get clearly identified with a prefaced letter indicating its time frame, i.e. Yearly Pivot Point appears as YPP and Monthly Pivot Resistance 1 appears as MR1 .
Minimalistic coloring: The Main Pivot Levels are highlighted in color to stand out, yet the intention of the indicator is to be as minimalistic and keep the chart as clean as possible.
Display Pivots as a Panel
Panel View: Display the Pivot Points’ information in the way that better suits your charting style. In addition to displaying the lines over the price chart, the indicator allows displaying the data on a Panel. The Panel view can be used together with the Line view, or it can be used in isolation.
Fully customizable: Its location, size and its design parameters can be customized through the Settings tab.
Common sense formatting: It displays a column for each of the selected time frames, and a row for each of the selected Pivot Levels. When a Pivot Level displays in colors, it means that price is currently trading above (green) or below (red) that level. Moreover, when the current price is trading just near the Pivot Level, the color shifts to Dark Red when it’s acting as a Resistance, and Dark Green when it acts as Support.
Keep your Chart Clean!
Disciplined traders keep their charts clean. One needs proper focus to trade in the zone.
Please check how the chart on the left looks compared to the one on the right. Both display exactly the same Pivot Points.
The chart on the left contributes to a more minimalistic display of information, as for when a trader wishes to quickly check where the price is trading in relation to the Pivot Points. Moreover, the chart on the right has the advantage to display clearly the Reversals and Price Reactions in relation to the Pivot Points. The decision is yours.
Show only Pivots Relevant to the Current Time Frame
The sets of Pivot Points belonging to time frames Below or Near the current Time Frame get hidden to prevent overcrowding the chart with lines. Nevertheless, this feature can be disabled through the Settings tab.
These are the preset Time Frames:
Intraday/Scalping: Those operating on time frames below 1H will be able to see the whole range of Pivot Levels.
1H: Traders operating on 1-Hour Charts display Pivots from Weekly and above. Daily Pivot Points get hidden.
4H: On 4-Hour Charts, Monthly Pivots and above get displayed. Weekly Pivot Points get hidden.
D: On Daily Charts, Quarterly Pivots and above get displayed. Monthly Pivot Points get hidden.
W: On Weekly Charts, Yearly Pivots and above get displayed. Quarterly Pivot Points get hidden.
M: On Monthly Charts, Tri-Yearly Pivots and above get displayed. Yearly and Bi-Yearly Pivot Points get hidden.
3M and 12M: Above Monthly Charts, only Decennial Pivots get displayed. All the rest get hidden.
Good Looking right off the box
It looks good: The indicator will look just fine on most of the charts. It displays well on dark themed charts and on light themed charts. No need to mess up with the coloring of the indicator for it to display properly.
Fully customizable: Nevertheless, you can easily override the defaults and customize the Colors and Line Styles for each Pivot Level.
Displays True on Heikin Ashi Charts
That’s good news for scalpers, because Pivot Points get computed correctly even when being displayed over Heiken Ashi charts.
SETTINGS
Now let’s dive into the settings of this indicator.
Display : It allows to enable/disable the display of the following:
Lines and Panel : Switch on/off the general view of the Lines over the chart or the Panel.
Pivot, R1 to R5, S1 to S5 : Select which Pivot Levels will be displayed.
Labels and Price : It applies only to Lines. Allows to select which information to display near the Pivot Level, and whether to place it right or left of the line.
Auto Hide Pivots from Near Time Frames : By default it hides the sets of Pivot Points from time frames near the current one. Disabling this one allows to display all the Pivot Points from higher time frames, regardless whether they are near.
Move Pivots to the Right : This selection moves all the current Pivot Points to the Right Hand Side of the Chart, in order to keep the main area of the chart clean of lines. This setting allows customizing the how far to the right from the last candle (Offset) and how wide to draw the levels (Width).
Pivots : It sets up the conditions for each of the 9 sets of Pivot Levels. It includes the following:
General checkmark : Allows displaying or hiding that set of Pivots.
Time Frame : Select the time frame for which the Pivot Point will be computed.
Type : Select the type of Pivot Point: Traditional, Fibonacci, Woodie, Classic, DM or Camarilla.
Lines : Enable/Disable the display of this Pivot as Lines over the chart.
Panel : Enable/Disable the display of this Pivot in the Panel.
Panel Display : It allows customizing the position of the Panel. It includes the following:
Vertical Position : Top, Middle or Bottom of the chart.
Horizontal Position : Left, Center or Right of the chart.
Size of the Panel : Auto, Huge, Large, Normal, Small or Tiny.
Parameters : It applies only to the Line View. It includes the following:
Pivots Back : By default the indicator only shows the current Pivot Levels, but it can display up to 10 past instances of each pivot.
Support and Resistance Price Reference : It allows to specify which price should it take into account to define a Pivot Level acting as Support or Resistance.
Support and Resistance % Area : It defines the size of the zone around each Pivot Level in which it acts as Support or Resistance.
Theming Panel : It applies only to the Panel View. It allows customizing every color used in the Panel.
Theming Pivot #1 to #9 : It applies only to the Line View. It includes the following:
Thickness : Customize the line thickness for all the lines within that set of Pivot Points.
Style : Customize the line style for all the lines within that set of Pivot Points. It can be drawn as a Solid, Dotted or Dashed line.
Colors : Customize the color for each Pivot Level.
Pivot Points with MID LevelsThis indicator shows the Standard Pivot Points level based on daily values that can act as support and resistance. It is used by a variety of traders around the world. You can select which time frame Pivot Point Levels you'd like. Daily, weekly etc... Perfect for swing trading or day trading.
Pivot Points- Shows 3 levels of resistance, the Pivot Point and 3 levels of support
(R3, R2, R1, PIVOT POINT, S1, S2, S3
MID Levels- The MID levels are 50% retracement from the pivot point level above it and below
Example- R3, MID, R2, MID, R1, MID, PIVOT POINT, MID, S1, MID, S2, MID, S3
With this indicator you will also have the option to show the Previous days High and Low that are also important levels. On gap up/down days it is always interesting to see if price will close the gap, hence the important level to note.
PDH= Previous Days High
PDL= Previous Days Low
I have added a feature that you can now select specific color to each level and the line style for each level to help understand which levels are being show by personal needs.
Happy Trading
TrendzonesHi all!
This indicator plots trendlines. These lines are not plotted as traditional lines, but are instead zones. This is useful if you think that trend lines are more of an area of importance than a line.
It does so by finding pivots and connecting two of them if they have not been broken (more about that later) in-between the pivots.
These trend zones can be used as support/resistance that the price can react to.
• The first trendline is drawn between the high/low of the first and second pivot.
• The second trendline's first point is at the open/close of the pivot (either the first pivot or the second one) that has the smallest difference between the high/low and the nearest open/close. The same difference (between the high/low and the open/close) is then subtracted from the other pivot's high/low. This creates a point at the other pivot bar. A trendline is then drawn between the points.
This creates two trendlines and a zone between the two trendlines. This zone is the one kept and is shown by the script.
You can define the pivot lengths used to find trend zones (defaults to 3/3). You can also define the number of pivots to look back for, to find trend zones and the number of active zones, both of these defaults to 3. You can also choose to let the script create new zones based on time ("Oldest") or the zone that is furthest away in price, this defaults to be based on time but it can be useful for letting the script remove the one which is furthest away in price. Another useful setting is the one called "Cross source". This defines the price that has to cross the trend zone to make it invalid (broken). This defaults to "Close", i.e. the bar has to close on the "wrong side" of the trend zone.
The current zones are shown with an extension to the right, but you can also choose to keep the previous lines (without extension). Please note that kept zones are only the ones that are broken, not the replaced ones. I.e. the zones that are kept are the ones that are crossed by the user defined "cross source" (defaults to the closing/current price of the bar).
Hope this makes sense, let me know if you have any questions.
Best of trading luck!
Z-score Volume by SkreepanDescription:
This indicator calculates the Z-score of the trading volume over a specified period. The Z-score is a statistical measure that describes a value's relation to the mean of a group of values. In this context, it shows how far the current volume is from the average volume in terms of standard deviations.
Inputs:
ROC Length: The period used to calculate the Rate of Change (ROC) of the source price. Default is 9.
Source: The data series to calculate the ROC. Default is the closing price.
Period: The number of bars used to calculate the moving average and standard deviation of the volume. Default is 56.
Volume Z-Score Threshold: The threshold for the Z-score above which specific conditions will trigger visual markers. Default is 3.0.
Conditions:
A visual marker (triangle) is plotted on the chart when the following conditions are met:
1. The Volume Z-Score is greater than the specified threshold.
2. The open price is greater than the close price (indicating a bearish candle).
3. The ROC is less than -2.0 (indicating a significant downward movement).
Visualizations:
Markers are plotted on the chart when the conditions are met to highlight significant volume spikes under bearish conditions with strong downward price movement.
Note:
This indicator works by detecting anomalous volumes. When such volumes occur, it is considered a good signal to buy. The indicator performs well on 3-minute and 5-minute timeframes, but if you see a signal on the hourly timeframe, it serves as good confirmation on smaller timeframes. This indicator only works for buy signals.
If this indicator has been helpful to you, please leave a comment!
[r380]Bear & Bull Pivot Signal Indicator_(Lite))Bear & Bull Pivot Signal Indicator
Overview:
The Bear & Bull Multi Pivot Signal Indicator is a comprehensive trading tool designed to identify potential market reversal points and trend changes. This indicator combines multiple technical analysis strategies such as RSI, MACD, and pivot points to generate reliable signals. By overlapping these signals, the indicator increases the possibility of accurate trend predictions, providing traders with valuable insights for informed decision-making.
"This indicator is primarily optimized for Bitcoin on a 15-minute timeframe and is recommended for short-term trading. Reliability on other timeframes is not guaranteed."
Key Features:
Bear and Bull Signals: Clearly indicate potential market reversal points using bear and bull emojis.
Support and Resistance Signals: Indicated with sun and snowflake emojis to show critical price levels.
Overheat Cooldown Pivot: Detects market exhaustion points to signal potential reversals.
Settings:
RSI Settings: Adjust the RSI period and thresholds to match your trading strategy. Default values are optimized for short-term trading.
MACD Settings: The MACD settings are pre-configured but can be customized if needed.
Visual Settings: If excessive signals cause visual discomfort, you can selectively enable or disable features in the visual settings.
Signal Descriptions:
🐻 Bear Signal: Indicates a potential high point where the market may reverse downwards. Combines RSI and MACD conditions to provide a reliable overbought signal. When accompanied by high volume, it can indicate a strong resistance level.
🐮 Bull Signal: Indicates a potential low point where the market may reverse upwards. Uses both RSI and MACD conditions to highlight oversold situations. When accompanied by high volume, it can indicate a strong support level.
❄️ Resistance Signal: Shows a resistance level where the price has difficulty moving higher. When the price crosses below this level, it signals a potential downward movement. Combined with high volume, it can signify robust resistance.
☀️ Support Signal: Shows a support level where the price has difficulty moving lower. When the price crosses above this level, it signals a potential upward movement. Combined with high volume, it can signify strong support.
Detailed Explanation:
This indicator is not simply a combination of multiple indicators but is designed to increase the probability of detecting potential trend reversal signals by using multiple signals. If signals only appear when multiple conditions are met, how many trades can we make in a year? Because there is no 100% certainty in any situation, we need to use various signals to construct our strategy and proceed with trading. For example, if only one signal appears, the reliability of the trend reversal signal is somewhat weak, so we can strategize by betting only a portion of the capital. If multiple signals appear simultaneously, we can consider it a highly reliable trend reversal signal and increase the betting amount and stop loss accordingly. The essence of this indicator, in my view, is not to blindly trade based on signals but to use it as an auxiliary tool for strategic decision-making.
RSI (Relative Strength Index), MACD, and Stochastic RSI: By using various indicators to confirm trend reversal signals, bear and bull emojis are included. If the RSI reaches an oversold zone and then drops by a certain amount, while the MACD turns negative and the Stochastic RSI makes a gold or dead cross, the bear and bull signals are activated.
Pivot Points: Calculated based on the high, low, and close prices over a specific lookback period. These points are used to determine support and resistance levels. Pivot points provide a framework for assessing market sentiment and potential reversal zones. The values calculated this way activate the sun and snowflake signals.
The Overheat Cooldown Pivot: captures moments when the market shows signs of exhaustion, particularly when overbought or oversold conditions are accompanied by a drop in volume. This helps traders anticipate market turning points more effectively. These signals appear as red or green triangles indicating potential reversals. Although similar to the bear and bull signals in detecting market cool-off points, these signals rely on volume and may have slightly lower reliability.
Practical Application:
By using this indicator, traders can strategically adjust their bet sizes based on the reliability of the signals. When multiple signals coincide, it indicates a higher probability of a trend reversal, allowing for larger position sizes. Conversely, when signals occur independently, it suggests a lower probability, warranting smaller position sizes. This approach enables traders to manage their risk effectively and capitalize on high-probability trading opportunities without excessively reducing trading frequency.
Trading Method:
The basic setup is for Bitcoin on a 15-minute timeframe, and short-term trading is recommended by the creator. Upon signal activation, if only one signal appears, verify the volume and support/resistance lines, calculate the risk-reward ratio, and enter a position with a low betting ratio. If three signals activate simultaneously, enter a position with a higher betting ratio.
Reliability Order:
🐻🐮 > ❄️☀️ > 🔻🔺 (replacing green triangle emojis)
This indicator provides a powerful method for detecting multiple potential market reversals and trend continuations.
Note: Have realistic expectations and understand the limitations of technical analysis tools. This indicator is a tool to assist in your trading decisions and not a guaranteed prediction of market movements.
Warning! Do not trade solely based on this indicator.
Additionally, if you find the settings lacking, feel free to adjust them yourself! Thank you!
Korean Version
곰돌이와 송아지 멀티 피봇 시그널 인디케이터
개요:
곰돌이와 송아지 멀티 피봇 시그널 인디케이터는 잠재적 시장 반전 지점과 추세 변화를 식별하기 위해 설계된 종합 거래 도구입니다. 이 인디케이터는 RSI, MACD, 피봇 포인트 등의 여러 기술 분석 전략을 결합하여 신뢰할 수 있는 신호를 생성합니다. 이러한 신호들을 중첩함으로써 정확한 추세 예측의 가능성을 높여, 트레이더가 정보를 기반으로 결정을 내리는 데 유용한 통찰력을 제공합니다.
기본적으로 비트코인 15분봉을 기준으로 하며 매매 방법은 단타를 권장합니다. 다른 타임프레임에서의 신뢰는 보장 하지 않습니다.
주요 기능:
곰돌이와 송아지 신호: 시장의 잠재적 반전 지점을 곰돌이와 송아지 이모지로 명확하게 표시합니다.
지지 및 저항 신호: 중요한 가격 수준을 나타내기 위해 태양과 눈송이 이모지로 표시합니다.
오버히트 쿨다운 피봇: 시장 피로 지점을 감지하여 잠재적 반전 신호를 제공합니다.
세팅방법:
RSI 설정: RSI 기간과 임계값을 조정하여 자신의 거래 전략에 맞춥니다. 기본값은 단기 거래에 최적화되어 있습니다.
MACD 설정: MACD 설정은 미리 구성되어 있으며, 필요에 따라 사용자 정의가 가능합니다.
비쥬얼 세팅: 과도한 시그널 때문에 눈이 아프시다면 비쥬얼세팅에서 선택적으로 기능들을 켜거나 끌 수 있으니 참고하세요.
신호 설명:
🐻 곰돌이 신호: 시장이 하락할 가능성이 있는 고점을 나타냅니다. RSI와 MACD 조건을 결합하여 신뢰할 수 있는 과매수 신호를 제공합니다. 높은 거래량과 함께 나타나면 강한 저항 수준을 나타낼 수 있습니다.
🐮 송아지 신호: 시장이 상승할 가능성이 있는 저점을 나타냅니다. RSI와 MACD 조건을 사용하여 과매도 상황을 강조합니다. 높은 거래량과 함께 나타나면 강한 지지 수준을 나타낼 수 있습니다.
❄️ 저항 신호: 가격이 더 이상 상승하기 어려운 저항 수준을 나타냅니다. 가격이 이 수준 아래로 하락하면 잠재적 하락 움직임을 신호합니다. 높은 거래량과 함께 나타나면 강력한 저항을 의미할 수 있습니다.
☀️ 지지 신호: 가격이 더 이상 하락하기 어려운 지지 수준을 나타냅니다. 가격이 이 수준 위로 상승하면 잠재적 상승 움직임을 신호합니다. 높은 거래량과 함께 나타나면 강한 지지를 의미할 수 있습니다.
상세 설명:
이 인디케이터는 여러 인디케이터를 단순히 결합한 것이 아니라, 여러가지 시그널들을 사용해서 잠재적 추세전환 신호 감지 확률을 높이는 것에 목적이 있습니다. 단순히 여러가지 조건들이 중첩되었을때만 신호가 뜬다면 우리는 1년에 몇번이나 매매를 할 수 있을까요. 모든경우에 100% 라는 경우가 없기때문에 우리는 다양한 신호들을 활용하여 전략을 구성하고 매매를 진행 해야합니다. 예를들어 1개의 시그널만 뜬다면 추세전환 신호의 신뢰도가 다소 약하기 때문에 시드의 일부 금액만 배팅 하는 식으로 전략을 구성 할 수도 있고, 만약 여러가지 시그널들이 충접적으로 뜬다면 신뢰도 높은 추세전환의 신호로 인식하여 배팅금액을 높이고 스탑로스를 높게 잡는 방향으로 전략을 구성 할 수 있습니다. 단순히 맹목적으로 시그널이 떳다고 매매하는것이 아닌 보조 신호로써의 기능, 이것이 내가 생각하는 인디케이터의 역할이자 본질 이라고 생각합니다.
RSI (상대 강도 지수)와 MACD, 스토캐스틱 RSI: 여러가지 지표들을 기반으로 추세 반전의 신호를 확인 할 수 있는 곰돌이와 송아지를 넣었습니다. RSI 가 과매도 구간에 도달한 이후일정 수치 이상 하락하는 동시에 MACD가 음수로 변하고 스토캐스틱 RSI가 골드, 데드 크로스가 된다면 곰돌이와 송아지 신호가 활성화 됩니다.
피봇 포인트: 특정 되돌아보기 기간 동안의 최고, 최저, 종가를 기반으로 계산됩니다. 이 포인트는 지지 및 저항 수준을 결정하는 데 사용됩니다. 피봇 포인트는 시장 심리와 잠재적 반전 영역을 평가하는 프레임워크를 제공합니다. 이렇게 계산된 값을 기반으로 눈송이와 해 신호가 활성화 됩니다.
오버히트 쿨다운 피봇: 는 과매수 또는 과매도 상태에서 거래량이 감소할 때 시장 피로 지점을 포착하여 잠재적 반전 지점을 신호합니다. 이러한 피로 지점을 식별함으로써 인디케이터는 트레이더가 시장의 전환점을 보다 효과적으로 예측할 수 있도록 돕습니다. 그렇게 추세 반전의 신호로 녹색 또는 붉은색 삼각형 시그널이 뜹니다. 과열된 시장이 냉각되는 포인트를 찾는점에서는 곰돌이 송아지 신호와 비슷하지만 거래량을 기반으로 하고 있기 때문에 명백히 다른 시그널이며 신뢰도는 약간 낮을 수도 있습니다
실용적 적용:
이 인디케이터를 사용함으로써, 트레이더는 신호의 신뢰도에 따라 베팅 크기를 전략적으로 조정할 수 있습니다. 여러 신호가 동시에 나타날 때, 이는 추세 반전의 가능성이 높음을 나타내며, 더 큰 포지션 크기를 허용합니다. 반대로, 신호가 독립적으로 발생할 때는 낮은 가능성을 나타내므로 작은 포지션 크기가 적합합니다. 이 접근 방식은 트레이더가 효과적으로 리스크를 관리하고 높은 확률의 거래 기회를 활용하면서 거래 빈도를 과도하게 줄이는 것을 방지할 수 있게 합니다.
매매방법:
기본적인 세팅은 비트코인 15분 타임프레임이며 제작자는 단타를 추천합니다. 포지션 진입시 시그널이 1개가 뜬다면 거래량과 지지와 저항라인을 확인하고 손익비를 계산후 낮은 배팅 비율로 포지션에 진입합니다. 만약에 3개의 시그널이 동시에 활성화 된다면 보다 높은 비율로 포지션에 진입합니다.
신뢰도 순서:
]🐻🐮 > ❄️☀️ > 🔻🔺(초록 삼각이모지가 없기때문에 이것으로 대체)
이 지표는 여러 잠재적인 시장 반전 및 추세 지속성을 감지하는 강력한 방법을 제공합니다.
참고: 현실적인 기대를 가지고 기술 분석 도구의 한계를 이해하십시오. 이 지표는 시장 움직임을 보장하는 예측이 아니라 거래 결정을 돕기 위한 도구입니다.
경고! 절대 이 지표만을 가지고 매매하지 마십쇼.
추가적으로 제작자는 지표 세팅에 허접이라 꼬우면 당신이 세팅하십쇼! 감사합니다!
Pivot PointsPivot points are technical indicators used in financial markets (such as stocks, forex, or commodities) to identify potential turning points in price movement. They provide reference levels based on the previous day’s price action.
How to use the Pivot Points indicator
Traders use pivot points to identify significant price levels where the market may reverse or consolidate.
PP, S1, and R1 are considered primary levels, while S2 and R2 are secondary levels.
R3, R4, R5, S3, S4 and S5 are considered more extreme levels and we normally don't see price action trade near these levels on a typical day. This indicator calculates those extreme levels to help on days with extreme price action.
Pivot points can be calculated for different timeframes (daily, weekly, monthly, quarterly, 6-months and yearly).
Pivot points calculated using the daily timeframe is a popular chose among day traders traders who trade intraday timeframes.
Trading Strategies
Bounce Strategy:
Buy near support (S1 or S2) if the price bounces off these levels.
Sell near resistance (R1 or R2) if the price reverses from these levels.
Breakout Strategy:
If the price breaks above R1, consider a long position.
If the price breaks below S1, consider a short position.
Profit targets:
If in a long trade and price hits R1, you take some profit.
If in a short trade and price hits S1, you take some profit.
Combine pivot points with other technical indicators (e.g., moving averages, candlestick patterns) for confirmation. Remember that pivot points are just one tool among many, and their effectiveness varies across different markets and timeframes. Always practice risk management and consider the overall market context when using pivot points in your trading decisions.
Weighted Moving Range with Trend Signals (WMR-TS)Weighted Moving Range with Trend Signals (WMR-TS)
Technical analysis involves analyzing statistical trends from trading activity , such as price movement and volume, to make trading decisions. Technical indicators are mathematical calculations based on the price, volume, or open interest of a security or contract. They are used by traders to analyze price movements and predict future market behavior. The WMR-TS indicator combines weighted moving averages and range calculations to identify key trading levels and generate buy/sell signals. It dynamically adjusts to market conditions, offering traders insights into potential support, resistance, and trend reversal points. Key levels are color-coded for quick interpretation. It utilizes weighted moving averages (WMA) and range calculations to determine these levels, making it a robust tool for both trending and ranging markets.
SUMMARY
Parameters :
WMA Length : Determines the length for the primary weighted moving average.
Highest High Length : Sets the period for calculating the highest high.
Lowest Low Length : Sets the period for calculating the lowest low.
Range Corrector : Adjusts the range calculation slightly for fine-tuning.
Top Level : Multiplier for determining the top level from the calculated range.
Bottom Level : Multiplier for determining the bottom level from the calculated range.
Levels Visibility : Sets how many recent bars will display the levels.
Trading Zones :
Short Area : Highlighted zone indicating potential shorting opportunities.
Long Area : Highlighted zone indicating potential buying opportunities.
The Levels :
Wave (Yellow): Midpoint of the calculated range, adjusted by WMA.
Top Level (Red): Calculated upper boundary of the trading range.
Sell Level (Pink): Intermediate sell level.
Resistance Level (Magenta): Immediate resistance level.
Support Level (Cyan): Immediate support level.
Buy Level (Light Green): Intermediate buy level.
Bottom Level (Dark Green): Calculated lower boundary of the trading range.
Interpreting the Signals :
Hammer Signal : Red circles above bars indicate potential sell signals.
Rocket Signal : Green circles below bars indicate potential buy signals.
KEY CONCEPTS
Highest High and Lowest Low :
These values represent the highest high ( HH ) and lowest low ( LL ) over a specified number of periods.
Support Level :
This is the lower boundary of the trading range. It is a price level where demand is strong enough to prevent the price from falling further. As the price approaches the support level, it is likely to bounce back up.
Resistance Level :
This is the upper boundary of the trading range. It is a price level where supply is strong enough to prevent the price from rising further. As the price approaches the resistance level, it is likely to pull back down.
THE USE OF MULTIPLIERS :
The script uses several multipliers to adjust and fine-tune the calculated support and resistance levels, as well as to control the range and sensitivity of these levels. Here is a detailed explanation of these multipliers and their purpose:
Range Corrector : This multiplier adjusts the calculated high ( H ) and low ( L ) levels, adding flexibility to how these levels are positioned relative to the highest high and lowest low. It ranges from -1 to 1 , with a default value of 0 . The use of positive values increase the range, making the calculated levels further apart. Thus, using negative values decrease the range, bringing the calculated levels closer together.
Top Level : This multiplier adjusts the distance of the top level from the calculated high H ) level. It fluctuates from 0 to 2 , with a default value of 0.382 . Higher values will push the top level further above the high level, while lower values will bring it closer.
Bottom Level : This multiplier adjusts the distance of the bottom support level from the calculated low support level. Ranging from 0 to 2, with a default value of 0.214, the higher values will push the bottom level further below the low level, while lower values will bring it closer.
The script plots the support and resistance levels on the chart, allowing traders to visualize the trading range. Color-coded zones are used to indicate areas where buying or selling opportunities may arise based on the current price relative to the trading range. A trading range refers to the area between a price's support and resistance levels over a specific period of time. Within this range, the price of the security fluctuates up and down but does not break out above the resistance or below the support. Support and resistance levels to make trading decisions. Buying near the support level and selling near the resistance level is a common strategy. When the price moves above the resistance level, it is called a breakout . A breakout often indicates that the price may start a new upward trend . Conversely, when the price moves below the support level, it is called a breakdown . A breakdown often indicates that the price may start a new downward trend . By understanding and utilizing trading ranges, traders can make more informed decisions, optimize their trading strategies, and manage risk more effectively.
Understanding Moving Averages
A moving average (MA) is a widely used technical indicator that helps smooth out price data by creating a constantly updated average price. The main purpose of using a moving average is to identify the direction of the trend and to reduce the "noise" of random price fluctuations. The Weighted Moving Average ( WMA ) assigns different weights to each period, with more recent periods typically given more weight. A 10-day WMA might give the most recent day a weight of 10, the second most recent day a weight of 9, and so on. It is useful for traders who want to emphasize recent price data more than older data. When the price is above the moving average, it suggests an Bullish trend . A Bearish Trend is expected to take place when the price is below the moving average. Understanding the price reactions around these levels can be used to make trading decisions.
APPLYING CONCEPTS
Support and Resistance Calculations in the Script :
The script calculates dynamic support and resistance levels using weighted moving averages ( WMA s) and the highest high and lowest low over specified periods. Buy ( Rocket ) and sell ( Hammer ) signals are generated based on the crossing of the price with calculated top and bottom levels.These signals help traders identify potential entry and exit points within the trading range .
Weighted Moving Average (WMA) Application in the Script
This script calculates a special trendWMA using the close price that helps in creating a more dynamic moving average that considers both high and low price actions. This modified WMA is used in conjunction with highest high and lowest low values over specified periods to calculate dynamic support and resistance levels.
Explanation of the Levels in the Script
By understanding these levels, traders can make more informed decisions about where to enter and exit trades, manage risk, and anticipate potential market movements. The script incorporates several key levels levels that traders can use to better anticipate price movements and make more informed trading decisions. Leveraging the principles of Fibonacci retracement ratios ( 23.6%, 38.2%, 50%, 61.8%, and 100% ) to identify key support and resistance zones can also serve for gauging the overall market sentiment.
Top Level and Sell Leve l: Used to identify potential resistance zones where the price may reverse or pause.
Support Level and Buy Level : Used to identify potential support zones where the price may bounce.
Upper and Lower Pivot Values : Serve as intermediate levels for possible price retracements or extensions within the trading range.
Wave Level : Indicates the central trend direction, which can be useful for gauging the overall market sentiment.
Alerts are a crucial part of the script as they notify traders of potential buy and sell signals based on predefined conditions. There are two main alerts: one for a " Hammer " signal (sell condition) and one for a " Rocket " signal (buy condition).
Adjust the input parameters to fit your trading style and the specific asset being analyzed. Shorter lengths may be more responsive to price changes but can produce more false signals , while longer lengths provide smoother signals but may lag . Always backtest the indicator on historical data to understand its behavior and performance. Also remember that different markets may require different parameter settings for optimal performance.
Keep in mind that by nature like all moving averages, WMAs lag behind price action. This means that signals may be delayed. The indicator performs differently in various market conditions. Always consider the overall market context when interpreting signals.
Adjusting parameters like the range corrector and visibility can help tailor the indicator to specific market conditions or trading strategies, improving its effectiveness. The script uses the calculated levels to plot lines and fill zones on the chart, helping traders visualize potential support, resistance, and trend reversal points. The use of multipliers allows for dynamic adjustment of these levels, making the indicator flexible and adaptable to different market conditions.
I think traders can make more informed decisions about where to enter and exit trades, manage risk, and anticipate potential market movements following this code. Stay safe and always remember that market is always changing. Use this tool if you want, please stay informed and plan safe trades,
D.
Quarterly DFR [Dango]Introducing the Defining Range Indicator, a powerful tool designed to help traders identify and understand the important levels of highs, lows, and equilibrium within a selected quarterly cycle. This innovative script provides valuable insights into the key price levels that are likely to elicit a strong reaction in the market, enabling traders to make more informed decisions and enhance their trading strategies.
Key Features:
Identifies and displays the defining high, low, and equilibrium levels based on the selected quarterly cycle
Utilizes advanced algorithms to analyze price action and determine the most significant levels
Provides a visual representation of the defining range on the chart, making it easy for traders to identify potential support, resistance, and pivot points
Enables traders to backtest and understand how price has reacted to these levels in the past
How It Works:
The Defining Range Indicator employs a sophisticated algorithm to analyze price action within the selected quarterly cycle. By examining the price behavior and patterns within this timeframe, the script determines the most significant high, low, and equilibrium levels that are likely to influence future price movements.
The indicator takes into account various factors, such as price momentum, volatility, and volume, to identify the key levels that define the range. These levels are then visually represented on the chart, providing traders with a clear picture of the important price points to watch.
The Defining Range Indicator works in the following steps:
Quarterly Cycle Selection: Traders select the desired quarterly cycle timeframe (90-minute, daily, weekly, monthly, or yearly) to focus the analysis on.
High and Low Identification: The script analyzes the price action within the selected quarterly cycle to determine the most significant high and low points. These levels are considered the defining high and low of the range.
Equilibrium Calculation: The indicator calculates the equilibrium level, which represents the midpoint between the defining high and low. This level is considered a potential pivot point where price may find balance or reverse direction.
Visual Representation: The defining high, low, and equilibrium levels are plotted on the chart, providing traders with a clear visual representation of the key price levels to monitor.
Expected Usage:
The Defining Range Indicator is designed to help traders gain a better understanding of the important price levels within a selected quarterly cycle. By identifying the defining high, low, and equilibrium, traders can make more informed decisions and enhance their trading strategies.
Support and Resistance Identification: The defining high and low levels act as potential support and resistance areas. Traders can use these levels to plan their trades, set entry and exit points, and manage risk effectively.
Pivot Point Trading: The equilibrium level represents a potential pivot point where price may find balance or change direction. Traders can watch for price behavior around this level to identify potential trading opportunities.
Backtesting and Historical Analysis: The Defining Range Indicator enables traders to backtest their strategies and understand how price has reacted to the defining levels in the past. By analyzing historical price action, traders can gain valuable insights into the effectiveness of their trading approach and make necessary adjustments.
Confluence and Confirmation: Traders can use the Defining Range Indicator in conjunction with other technical analysis tools, such as the Quarterly High and Low Indicator or the Quarterly Cycles Indicator, to confirm trade setups and increase confidence in their trading decisions.
Risk Management: By understanding the location of the defining high, low, and equilibrium levels, traders can make more informed decisions about stop-loss placement and position sizing. Setting stop-losses beyond these key levels can help mitigate the risk of getting stopped out prematurely due to short-term price fluctuations.
Limitations and Disclaimer:
While the Defining Range Indicator is a valuable tool, it should not be used in isolation. Traders should combine the insights gained from this indicator with other forms of analysis, risk management, and sound trading psychology to develop a well-rounded and effective trading approach.
Please note that the indicator's accuracy may be impacted by extreme market volatility or unusual events, and the defining levels should not be relied upon in isolation. As with any trading tool, individual results may vary, and past performance does not guarantee future outcomes. Traders should always exercise caution, use appropriate risk management techniques, and continuously educate themselves to adapt to changing market conditions.
This indicator is provided for educational purposes only and should not be considered financial advice. Always conduct your own due diligence and consult with a financial professional before making any trading decisions.
Privacy of Code:
The underlying logic and specific calculations used in the Defining Range Indicator's algorithm are proprietary and not disclosed to protect the intellectual property of the script. The methods used to identify the defining high, low, and equilibrium levels are the result of extensive research, testing, and refinement. By keeping these details confidential, the script maintains its competitive edge and ensures the protection of its intellectual property.
To be Used in Pair with Quarterly Cycle Indicator
Quarterly H/L [Dango]Introducing the Quarterly High and Low Indicator, a powerful and original tool designed to enhance your understanding of price action by identifying key turning points within quarterly cycles. This innovative script accurately determines the most significant highs and lows in each quarter, providing valuable insights for traders.
Key Features:
- Identifies and displays quarterly highs and lows on 90-minute, daily, weekly, monthly, and yearly timeframes
- Employs advanced algorithms and a deep understanding of cycle theory to precisely pinpoint key turning points
- Accounts for subtle nuances in price action and market dynamics
- Intended to be used in conjunction with the Quarterly Cycles Indicator for further confluence
How It Works:
The Quarterly High and Low Indicator utilizes a proprietary algorithm to meticulously analyze price action within each quarter. This advanced formula takes into account multiple factors, such as price momentum, volatility, and volume, to accurately identify the most significant high and low points.
The script employs a multi-step process to determine the quarterly highs and lows:
1. Cycle Isolation: The indicator first isolates the price action within each quarter, focusing on the specific time frame being analyzed (90-minute, daily, weekly, monthly, or yearly).
2. Momentum Analysis: The script then analyzes the price momentum within each quarter, identifying periods of strong bullish or bearish sentiment. This helps to narrow down potential high and low points.
3. Volatility and Volume Confirmation: To further refine the identification of key turning points, the indicator assesses the volatility and volume characteristics surrounding potential highs and lows. Significant changes in volatility and volume often accompany important price reversals.
4. Proprietary Scoring System: The algorithm assigns scores to each potential high and low point based on a proprietary scoring system. This system takes into account the confluence of momentum, volatility, and volume factors to determine the most significant turning points within each quarter.
The Quarterly High and Low Indicator visually represents these key turning points on the chart, enabling traders to easily identify potential support and resistance levels, trend reversals, and optimal entry and exit points. By focusing on the most significant price levels within each quarter, the indicator helps traders cut through the noise and make more informed trading decisions.
Expected Usage:
The Quarterly High and Low Indicator is designed to be a valuable tool for traders seeking to gain a deeper understanding of price action and market dynamics. By mapping out the most significant high and low points within each quarter, the indicator provides users with key levels to watch for potential trend reversals, support, and resistance.
1. Identifying Pivots and Reversals: The quarterly highs and lows identified by the indicator serve as critical levels where price is more likely to pivot or reverse. Traders can use these levels to anticipate potential trend changes and adjust their trading strategies accordingly.
2. Backtesting and Historical Analysis: The indicator enables traders to analyze historical price action and assess how the market has reacted to quarterly high and low levels in the past. By backtesting their strategies using these key levels, traders can gain valuable insights into the effectiveness of their approach and make data-driven refinements.
3. Support and Resistance: Quarterly highs and lows often act as significant support and resistance levels. Traders can use the indicator to identify these key areas and plan their trades around them. For example, if price approaches a quarterly high, traders may watch for potential selling pressure and consider taking profits or initiating short positions.
4. Confirmation and Confluence: The Quarterly High and Low Indicator can be used in conjunction with other technical analysis tools to confirm trade setups and increase confidence in trading decisions. When multiple indicators or analysis techniques align with the quarterly highs and lows, it provides a stronger signal for potential trade entry or exit points.
5. Risk Management: By understanding the location of quarterly highs and lows, traders can make more informed decisions about stop-loss placement and position sizing. Setting stop-losses beyond these key levels can help mitigate the risk of getting stopped out prematurely due to short-term price fluctuations.
6. Combining with the Quarterly Cycles Indicator: The Quarterly High and Low Indicator is intended to be used alongside the Quarterly Cycles Indicator for further confluence and validation. By analyzing the relationship between the identified quarterly highs and lows and the underlying quarterly cycles, traders can gain a more comprehensive understanding of market dynamics and potential turning points. When the quarterly highs and lows align with the key phases of the quarterly cycles, it provides a stronger signal for potential trend changes and trading opportunities.
Incorporating the Quarterly High and Low Indicator into a trading strategy, along with the Quarterly Cycles Indicator, allows traders to develop a more comprehensive understanding of price action and make better-informed decisions. By backtesting and analyzing how price reacts around these key levels and cycles, traders can refine their approach and potentially improve their trading outcomes.
Limitations and Disclaimer:
While the Quarterly High and Low Indicator is a powerful tool, it should not be used in isolation. Traders should combine the insights gained from this indicator with other forms of analysis, such as the Quarterly Cycles Indicator, fundamental analysis, risk management, and sound trading psychology, to develop a well-rounded and effective trading approach.
Please note that the indicator's accuracy may be impacted by extreme market volatility or unusual events, and quarterly highs and lows should not be relied upon in isolation. As with any trading tool, individual results may vary, and past performance does not guarantee future outcomes. Traders should always exercise caution, use appropriate risk management techniques, and continuously educate themselves to adapt to changing market conditions.
This indicator is provided for educational purposes only and should not be considered financial advice. Always conduct your own due diligence and consult with a financial professional before making any trading decisions.
Privacy of Code:
The underlying logic and specific calculations used in the proprietary algorithm are not disclosed to protect the intellectual property of the script. The advanced formula and scoring system used to identify quarterly highs and lows are the result of extensive research, testing, and refinement. By keeping these details confidential, the script maintains its competitive edge and ensures the protection of its intellectual property.
Pivot Point Calculator [JP&Dia]English User Guide
Script Name: Pivot Point Calculator
What Does This Script Do? This script calculates classic and Camarilla pivot points used in financial markets. Pivot points are used to identify key support and resistance levels, and this script helps traders better understand market movements.
How to Use It?
Add the script to your charts on TradingView.
Enter your desired time frame in the “Enter Time Frame” field (e.g., M, W, D).
Choose either or both “Classic Pivot” and “Camarilla Pivot” options to display them.
The script will automatically calculate the pivot points and display them on the chart.
Why Is This Script Unique? This script combines both classic and Camarilla pivot calculations, allowing users to easily utilize both pivot styles through a single script.
How Can People Benefit? Traders can use this script to identify potential buy-sell points and market trends. They can also conduct their market analyses more efficiently and effectively.
Script Adı: Pivot Noktası Hesaplayıcı
Script Ne İşe Yarar? Bu script, finansal piyasalarda kullanılan klasik ve Camarilla pivot noktalarını hesaplar. Pivot noktaları, önemli destek ve direnç seviyelerini belirlemek için kullanılır ve bu script, yatırımcıların piyasa hareketlerini daha iyi anlamalarına yardımcı olur.
Nasıl Kullanılır?
Scripti TradingView’deki grafiklerinize ekleyin.
“Zaman Dilimi Girin” alanına istediğiniz zaman dilimini girin (Örneğin: M, W, D).
“Classic Pivot” ve “Camarilla Pivot” seçeneklerinden birini veya her ikisini de seçerek gösterilmesini sağlayabilirsiniz.
Script otomatik olarak pivot noktalarını hesaplayacak ve grafik üzerinde gösterecektir.
Neden Özgü Bir Script? Bu script, hem klasik hem de Camarilla pivot hesaplamalarını birleştirir ve kullanıcıların her iki pivot stilini de tek bir script üzerinden kolayca kullanmalarını sağlar.
İnsanlar Nasıl Faydalanabilir? Yatırımcılar, bu scripti kullanarak potansiyel alım-satım noktalarını ve piyasa trendlerini belirleyebilirler. Ayrıca, piyasa analizlerini daha verimli ve etkili bir şekilde yapabilirler.
Liquidations [ChartPrime]Liquidations Indicator:
The Liquidations indicator is a powerful tool designed to help traders identify significant liquidation levels in financial markets. By analyzing volume data over a specified lookback period, the indicator highlights potential areas where market participants with high leverage positions may face liquidation, providing valuable insights into market dynamics.
Usage:
Traders can use the Liquidations indicator to:
◈ Identify liquidity grab opportunities: Liquidation levels often attract price action as market participants with leveraged positions face the risk of forced liquidation. Traders can anticipate price movements as the market aims to trigger these stops, potentially leading to rapid price movements or reversals.
◈ Confirm trend strength: A cluster of liquidation levels in the same direction as the prevailing trend may confirm the strength of the trend, while divergences between liquidation levels and price movements may signal potential trend reversals.
Settings:
◈ Previous Value Bars Back: Specifies the number of previous bars used in calculating the liquidation levels.
◈ Show Leverage: Allows users to selectively display liquidation levels for different leverage multiples, including 5x, 10x, 25x, 50x, and 100x.
◈ Liquidation Levels Width: Sets the width of the lines representing liquidation levels on the chart.
◈ Short Liquidations Color: Specifies the color of the lines representing short liquidation levels.
◈ Long Liquidations Color: Specifies the color of the lines representing long liquidation levels.
◈ Bar Color: Sets the color of the background bar when the indicator is active.
Visual Representation:
◈ Liquidation levels are plotted as horizontal lines on the chart, with different colors representing short and long liquidation levels.
◈ Each liquidation level is labeled with the corresponding leverage multiple (e.g., 5x, 10x, etc.).
A dashboard displays the active liquidation levels for each leverage multiple, allowing traders to quickly assess the current market conditions.
◈ Time Window allows users to cut off unnecessary part of the chart and concentrate on a current active part of the chart to make better trading decisions:
Interpretation:
Market participants tend to place stop-loss orders near liquidation levels , creating clusters of pending orders. As price approaches these levels, it may trigger a cascade of stop-loss orders, providing liquidity for market orders and potentially leading to rapid price movements in the opposite direction.
Traders can anticipate price reversals or accelerations as price interacts with liquidation levels, using them as reference points for identifying potential entry or exit opportunities.
Note:
While the Liquidations indicator provides valuable insights into market dynamics, traders should use it in conjunction with other technical analysis tools and risk management strategies to make informed trading decisions.
Dynamic Pivot Tracker Multi-Period - TradingEDThe "Dynamic Pivot Tracker Multi-Period" is an advanced tool designed for traders who require a detailed, multi-layered view of pivot levels across multiple time frames from a single chart. This indicator uses dynamic calculations to identify and connect high and low pivot points, aiding traders in pinpointing potential support and resistance areas and making informed decisions based on significant market structural changes.
Key Features:
Flexibility of Periods: Users can define pivot lengths for up to four different periods, ranging from as short as minutes to as long as days, allowing complete customization based on the trader's needs.
Dynamic Pivot Length Calculation: Utilizes a specialized function to adjust pivot length based on the selected time unit, ensuring pivot detection is relevant to the current time context.
Pivot Point Detection: Calculates and plots high and low pivots for each defined period using the pivothigh and pivotlow function for optimum accuracy.
Dynamic Line Management: The indicator dynamically manages the lines connecting pivots, removing old ones before plotting new to keep the chart clean and up-to-date.
Crossover Alerts: Set up automatic alerts to notify users when the price crosses above or below a pivot level, which may be indicative of an entry or exit opportunity.
Customizable Display Options:
Show Fractals: Option to visualize or hide fractals, which can indicate price reversal points.
Show Lines: Toggle the display of lines connecting the pivots, making it easier to visualize trends and ranges.
Show Pivots: Allows users to choose whether or not to see pivot points marked directly on the chart.
Practical Applications:
Trend Analysis: By observing how the price interacts with pivots across different periods, traders can gain a deeper understanding of market direction.
Support and Resistance Identification: Pivot levels can act as zones of support or resistance, providing key points for stop placement or profit taking.
Optimization of Entries/Exits: Crossover alerts provide timely signals to enter or exit positions based on significant price movements.
This indicator is ideal for day traders, swing traders, and technical traders looking to integrate pivot analysis into their trading methodology, offering a robust and customizable tool to enhance market decision-making.
[Support and Resistance with Trend Lines] with Backtest (TSO) with Backtest (TSO)
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This indicator serves as a comprehensive full-cycle trading system, providing alerts at each stage of the trade, from opening to closure. The algorithm uses most recent and historical S&R (Support and Resistance) levels with most recent and historical Trend Lines, generating signals for trades when Breaks/Bounces occur (Trade Open Signal triggers can be configured via very customizable indicator Input "Signal Trigger Matrix" settings). With signal for trade open, TP (Take Profit and SL (Stop Loss) levels are calculated as well and marked on the chart including alerts for each action of the trade. The indicator offers a variety of automated approaches for TP (Take-Profit) and SL (Stop-Loss) settings. These include static current/historical S&R (Support and Resistance) levels or S&R/Trend Lines dynamic breaks for TP (Take-Profit) and various SL (Stop-Loss) approaches, including ATR Trailing SL, opposite S&R (Support and Resistance) levels SL, opposite Trend Lines SL and more. This diverse set of tools ensure flexibility in tailoring TP (Take-Profit) and SL (Stop-Loss) parameters to different market conditions, contributing to a more adaptive and robust trading system. Additionally, a series of signal analysis tools, including market sentiment, candle bar analysis, divergence, and volume, enhance the precision of trading signals.
* Works with popular timeframes: 1M, 3M, 5M, 15M, 30M, 45M, 1H.
* Works well with Futures and Indices, can be used to trade Stocks, Crypto and FOREX.
* Includes LIVE alert/labels Breakouts and Bounces signal trigger feature, which can be used for scalping (NOTE: This approach cannot be backtested).
* Every action of the trade is calculated on a confirmed closed candle bar state (barstate.isconfirmed), so the indicator will never repaint.
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Indicator examples:
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Strategy Config: SRTL_MES_15M3Y_EODoff_ALL
Here is a nice example of MES (Micro E-Mini S&P 500 Index Futures) configuration, which uses S&R (Support and Resistance) breakouts as signal trigger with Elliot Wave confirmation and previous S&R historical levels for TP (Take-Profit).
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An example of an intraday Tesla trade. Also the green arrows will be displayed IMMEDIATELY when Breakout/Reverse Bounce occurs (same an Alert will be triggered immediately).
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Trading open/close/TP/SL labels, plots and colors explanations:
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>>> S&R (Support and Resistance) levels/lines: orange - support, blue - resistance (can be hidden).
>>> Trend Lines: yellow - support, green - resistance (can be hidden).
>>> Blue labels show resistance breakouts and bounces, light-blue - bullish, dark-blue - bearish
>>> Yellow labels show resistance breakouts and bounces, light-yellow - bullish, dark-yellow - bearish
>>> Green/Red arrows on top/bottom of candle bar will show LIVE breakouts (if turned on)
>>>>> LONG open: green "house" looking arrow below candle bar.
>>>>> SHORT open: red "house" looking arrow above candle bar.
>>>>> LONG/SHORT take-profit target: green/red circles (multi-profit > TP2/3/4/5 smaller circles).
>>>>> LONG/SHORT stop-loss target: green/red + crosses.
>>>>> LONG/SHORT take-profit hits: green/red diamonds.
>>>>> LONG/SHORT stop-loss hits: green/red X-crosses.
>>>>> LONG/SHORT EOD (End of Day | Intraday style) close (profitable trade): green/red squares.
>>>>> LONG/SHORT EOD (End of Day | Intraday style) close (loss trade): green/red PLUS(+)-crosses.
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STATS TABLE ///////////////////////////////////////////////////////////////
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>>> Trading STATS table on the chart showing current trade direction, Last TP (Take-Profit) Taken, Current Trade PL (profit/loss in price difference from trade open to the very current state).
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CUSTOM TRADING DATE RANGE /////////////////////////////////////////////////
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>>>>> This feature can be used to manually set indicator trading range from and to a specific date and time. NOTE: This is not intended for a very long date range backtesting, utilize TradingView Strategy Tester for that.
* Use TradingView “Strategy Tester” to see Backtesting results
NOTE: If Strategy Tester does not show any results with Date Ranged fully unchecked, there may be an issue where a script opens a trade, but there is not enough TradingView power to set the Take-Profit and Stop-Loss and somehow an open trade gets stuck and never closes, so there are “no trades present”. In such case - manually check “Start”/“End” dates or use “Deep Backtesting” feature!
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INTRADAY ACTIVE TRADING SESSION CONFIGURATION /////////////////////////////
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>>> Regional Active Trading Session Hours Schedule: If selected - trades will only open during regional active trading session, if 'OFF', there will be no trading schedule and trades will open 24/7.
>>> EOD(End of Day) Close - On/Off: Close the trade if it's still open at the end of active trading session (on the very last candle bar). NOTE: If no region is selected at 'Regional Active Trading Session Schedule' - there will be no EOD(End of Day) Close and trades will run overnight until either SL(Stop-Loss) or TP(Take-Profit) is hit!
>>>>> EOD(End of Day) Close - 1 candle bar before last: This is specifically for stocks as while usually indices can be closed 15minutes after the market closes, for stocks - the last candle bar closes at the same time with the market active trading session, which if closed - trades can't be closed until next day/session! Enable this setting for the trade to close/alert 1 candle bar before the last one, so there is still time to close the trade at the Broker (NOTE: depending on the timeframe, 1 candle bar can be: 15sec, 30sec, 1min, 3min, 5min, 15min, 30min, 45min, 1h).
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SIGNAL TRIGGER MATRIX ////////////////////////////////////////////////
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>>> Trading Engine: This setting turns on TradingView Strategy trading engine for backtesting.
>>> Market Session Only: With this setting turned on, all signal trigger Breaks/Bounces will be hidden during Pre/Post market time.
>>> Plot S&R Levels/Lines: Plot S&R (Support and Resistance) on chart. Note: historical levels/lines will only be plotted if hit (Break/Bounce).
>>> Plot Trend Lines Levels/Lines: Plot Trend Lines levels/lines on chart. Note: historical levels/lines will only be plotted if hit (Break/Bounce).
>>> Use S&R Current Levels | Use S&R Historical Levels | Use Trend Lines Current Levels | Use Trend Lines Historical Levels |: Choose which levels should be used for Breaks/Bounces to be captured on. If all triggers are turned on/checked - whatever happens 1st wins the trigger.
>>> Breaks | Bounces: 'Breaks': Turn on Breaks through levels/lines signal trigger. | 'Bounces': Turn on Bounces off levels/lines signal trigger.
>>> Signal: Regular | Signal: S&R Combo | Signal: TL Combo | Signal: S&R + TL Combo | Signal: Repeat Action |: Trade open signal trigger execution approach MATRIX (If 1 or more turned on at the same time - whatever comes first will be the trade signal trigger). 'Regular': A single Break/Bounce must occur on a closed bar for signal trigger. 'S&R Combo': A combination of 2 Current + Historical S&R (Support and Resistance) Break/Bounce must happen in the same direction on same bar for signal trigger. 'TL Combo': A combination of 2 Current + Historical Trend Lines Break/Bounce must happen in the same direction on same bar for signal trigger. 'S&R + TL Combo': a combination of ANY S&R and Trend Line Break/Bounce must happen in the same direction on same bar for signal trigger. 'Repeat Action': Initial and then confirmation (2nd/3rd/etc. consecutive occurence) Break/Bounce must occur on same level/line for signal trigger.
>>> Historical - Look Back (# of days): How far back (in # of days) will historical S&R/Trend Lines will be used for Trade Open signals/TP/SL/etc.
>>> Historical - Look Back Invalidation (# of days): IF THERE IS TOO MUCH HISTORICAL LEVELS/LINES ON CHART - LOWER THIS SETTING + MAKE SURE IT'S SMALLER THAN 'Historical - Look Back (# of days)'. With big Look back period (5+ days) - it can become very messy with too many historical levels/lines. To clear oldest historical levels/lines - set Look Back Invalidation # of days to less than Historical Look Back # of days. (After X # of Look Back Invalidation days - older levels/lines will become invalidated and no longer used for opening trades/TP (Take-Profit)/SL (Stop-Loss), while newer levels/lines will still be discovered.
>>> S&R/Trend Lines - Support/Resistance combined into 1 entity: Every level or a line becomes simply a level or a line, regardless if it originally was a support or resistance. By default, depending on the level/line originally being support or resistance - the signal direction will be such as: Resistance is broken > LONG / bounced > SHORT; Support is broken > SHORT / bounced > LONG; with this setting on, either level or line can be both broken or bounced off in ANY direction, trade open direction will depend on current market sentiment only.
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S&R CONFIGURATION ////////////////////////////////////////////////
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>>> S&R Search - Left Bars (current): This setting is for calculating optimal S&R (Support and Resistance) levels (in combination with below - Right Bars).
>>> S&R Search - Right Bars (current): This setting is for calculating optimal S&R (Support and Resistance) levels (in combination with above - Left Bars).
>>> S&R Search - Custom Resolution (current): This is a custom timeframe setting specifically for S&R Search, it disregards current chart timeframe. This is great to use for scalping, for example: with main chart set to 1min and the custom timeframe set to 3min or 5min - there will be stronger support/resistance levels with more detailed price action.
>>> S&R Search - Left Bars (historical): This setting is for calculating optimal S&R (Support and Resistance) levels (in combination with below - Right Bars).
>>> S&R Search - Right Bars (historical): This setting is for calculating optimal S&R (Support and Resistance) levels (in combination with above - Left Bars).
>>> S&R Search - Custom Resolution (historical): This is a custom timeframe setting specifically for S&R Search, it disregards current chart timeframe. This is great to use for scalping, for example: with main chart set to 1min and the custom timeframe set to 3min or 5min - there will be stronger support/resistance levels with more detailed price action.
>>> S&R - Historical S&R Levels - Extend to the right: Extend all S&R lines to the right.
>>> S&R (Current/Historical) - Live Breakout/Bounce - ALERT/SHOW: NOTE: Alert wlil trigger immediately at price Breaking thru or Bouncing off level/line and an arrow above /below the bar will show the direction of breakout/bounce. If on that same live bar - price comes back causing the Breakout/Bounce become no longer valid - the arrow will disappear as the condition of the Break/Bounce will no longer be valid.
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TREND LINES CONFIGURATION ////////////////////////////////////////////////
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>>> Show: Trend Line development (where it 'did not exist' yet): It takes 2 pivots to develop a trend line, pivot is established at least 3 candle bars later from where the pivot is. With this setting turned on - it will plot dashed lines where trend lines originated connecting the 1st and 2nd pivot point up to where the trend line became established (where in reality you would now be able to draw a certain trend line). Established already generated trend line are plotted with a solid line.
>>> Trend Lines - Line Slope Confirmation: LONG breakout will only be shown if trend line is goind downslope \. SHORT breakout will only be shown if trend line is goind upslope /.
>>> Trend Lines - Search - Left Bars (current): This setting is for calculating optimal Trend Lines.
>>> Trend Lines - Search - Right Bars (current): This setting is for calculating optimal Trend Lines.
>>> Trend Lines - Custom Resolution (current): This is a custom timeframe setting specifically for S&R Search, it disregards current chart timeframe. This is great to use for scalping, for example: with main chart set to 1min and the custom timeframe set to 3min or 5min - there will be stronger support/resistance levels with more detailed price action.
>>> Trend Lines - Search - Left Bars (historical): This setting is for calculating optimal Trend Lines.
>>> Trend Lines - Search - Right Bars (historical): This setting is for calculating optimal Trend Lines.
>>> Trend Lines - Custom Resolution (historical): This is a custom timeframe setting specifically for S&R Search, it disregards current chart timeframe. This is great to use for scalping, for example: with main chart set to 1min and the custom timeframe set to 3min or 5min - there will be stronger support/resistance levels with more detailed price action.
>>> Trend Lines - Historical Trend Lines - Extend to the right: Extend all Trend Lines to the right.
>>> Trend Lines (Current/Historical) - Live Breakout/Bounce - ALERT/SHOW: NOTE: Alert will trigger immediately at price Breaking thru or Bouncing off level/line and an arrow above /below the bar will show the direction of breakout/bounce. If on that same live bar - price comes back causing the Breakout/Bounce become no longer valid - the arrow will disappear as the condition of the Break/Bounce will no longer be valid.
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TAKE-PROFIT/STOP-LOSS CONFIGURATION ///////////////////////////////////////
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>>> TP (Take-Profit) System: 'S&R Static Current/Historical': TP (Take-Profit) is calculated using current/historical S&R (Support & Resistance) levels at trade open and remains static. 'S&R/Trend Lines Dynamic Breaks': TP (Take-Profit) is fully dynamic and will be trigger at price above trade open price and with Breakout occurence (S&R or Trend Line current/historical breakout).
>>> TP (Take-Profit) # of targets: It is wise to divide the trade into several profit targets. With this setting - up to 5 TP (Take-Profit) targets can be approached. The trade will be equally divided up by the selected # of TP (Take-Profit) targets.
>>> SL (Stop-Loss) System: 'ATR-Trailing-SL': SL (Stop-Loss) is trail-following the ATR (Average True Range) line, NOTE: If at signal trigger, ATR will be against the trade direction - trade open signal will be skipped; 'S&R-Static-SL': SL (Stop-Loss) is set at trade open per optimal most recent S&R level and remains there until trade closes; 'TrendLines-Static-SL': SL (Stop-Loss) is set at trade open per optimal most recent trend line and remains there until trade closes; 'TrendLines-Dynamic-SL': SL (Stop-Loss) will be set per current opposite trend line and follow it until trade is open.; 'Oppos-Sig-Trd-in-Loss': SL (Stop-Loss) will trigger at opposite signal with trade currently at loss.
>>> SL (Stop-Loss) - On/Off: Without SL (Stop-Loss), unless EOD (End of Day) Close is turned on - there will be no SL (Stop-Loss) at all!
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MARKET SENTIMENT CONFIRMATION ///////////////////////////////////////
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>>> Market Sentiment: Signal is confirmed per Market Sentiment direction. If Market Sentiment is turned off - whatever signal comes 1st will be the trade open trigger.
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SIGNAL ANALYSIS AND CLEANUP ///////////////////////////////////////////////
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>>> Signal Cleanup - Bar Color: Include Bar Color (bullish/bearish) confirmation, LONG signal will only be opened if signal bar is green/bullish, SHORT if red/bearish.
>>> Signal Cleanup - Bar Directional Structure: Skip opposite bar structure types signals (For example: bearish green hammer).
>>> Signal Cleanup - Bar Doji Skip: Skip doji (indecisive) candles signals.
>>> Signal Cleanup - EWO (Elliott Wave Oscillator): Include EWO (Elliott Wave Oscillator), LONG will only be opened if EWO is bullish / SHORT if EWO is bearish.
>>> Signal Cleanup - VWAP (Volume-Weighted Average Price): Include VWAP (Volume-Weighted Average Price), LONG will only be opened if price is above VWAP / SHORT if price is below VWAP.
>>> Signal Cleanup - MA (Moving Average) Confirmation: Include MA (Moving Average), LONG will only be opened if MA is bullish / SHORT if MA is bearish.
>>> Signal Cleanup - ATR (Average True Range): Include ATR (Average True Range) confirmation, LONG will only be opened if ATR is bullish / SHORT if ATR is bearish.
>>> Signal Cleanup - Divergence(RSI + MACD): Include Divergence (RSI + MACD ) confirmation, LONG will only be opened if Divergence is bullish / SHORT if Divergence is bearish.
>>> Signal Cleanup - Volume % Strength: Include Volume strength/percentage confirmation, LONG/SHORT will only be opened with strong Volume matching the signal direction | By default, strong Volume percentage is set to 150% and weak to 50%.
>>> Signal Cleanup - Volume Above Average: Include Volume Above Moving Average (Volume closing bar closes above volume moving average) confirmation, LONG/SHORT will only be opened with Volume above average - Volume closed bar color must match the closed price color (bullish/bearish direction) + Volume bar must be closed above volume MA line).
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TP System - VERY IMPORTANT INFO!
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"TP PERCENTAGE" - amount by which current trade/position needs to be reduced/partially closed/sold.
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TP System: Dynamic
"TP PERCENTAGE" - will always be the same amount (trade/position size divided by the # of take-profit(TP) targets) and percentage to be closed will always be of the ORIGINAL trade/position.
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TP System: Static
"TP PERCENTAGE" - will always be the same amount IF take-profit(TP) targets are hit 1-by-1 (TP1 > TP2 > TP3 > TP4 > TP5), otherwise it will vary and unless it is a 1st take-profit(TP1), the REMAINING trade/position size will always be smaller than original and therefore the percentage to be closed will always be of the REMAINING trade/position and NOT the original one!
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"TP PERCENTAGE" CheatSheet (these are the only percentages you may see)
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TP PERCENTAGE---Close/Sell Amount-------------Example (trade size: 50 stocks)
20%-------------trade size * 0.2--------------50 * 0.2 = 10 stocks
25%-------------trade size * 0.25-------------50 * 0.25 = 12.5(~13) stocks
34%-------------trade size * 0.34-------------50 * 0.34 = 17 stocks
40%-------------trade size * 0.4--------------50 * 0.4 = 20 stocks
50%-------------trade size * 0.5--------------50 * 0.5 = 25 stocks
60%-------------trade size * 0.6--------------50 * 0.6 = 30 stocks
66%-------------trade size * 0.66-------------50 * 0.66 = 33 stocks
75%-------------trade size * 0.75-------------50 * 0.75 = 37.5(~38) stocks
80%-------------trade size * 0.8--------------50 * 0.8 = 40 stocks
100%------------trade size--------------------50 = 50 stocks
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If for any reason a portion of the current/remaining trade closed at such occurrence was slightly wrong, it is not an issue. Such occurrences are rare and with slight difference in partial TP closed is not significant to overall performance of our algorithms.
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Alert Settings (you don’t have to touch this section unless you will be using TradingView alerts through a Webhook to use with trading bot)
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Here is how a LONG OPEN alert looks like.
NOTE: Each label , , etc. is customizable, you can change the text of it within indicator Input settings.
ALERT >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
COIN: BTCUSD
TIMEFRAME: 15M
LONG: OPEN
ENTRY: 20000
TP1: 20500
TP2: 21000
TP3: 21500
TP4: 22500
TP5: 23500
SL: 19000
Leverage: 0
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Here is how a TP1 alert will look with 5 TPs breakdown of the trade.
NOTE1: Next to TP1 taken it will show at which price it was triggered.
NOTE2: Next to "TP Percentage" it shows how much of the CURRENT/ACTIVE/REMAINING trade needs to be closed.
NOTE2: If TP2/3/4/5 comes before TP1 - the alert will tell you exactly how many percent of the trade needs to be closed!
ALERT >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
COIN: BTCUSD
TIMEFRAME: 15M
LONG: TP1
TP1: 20500
TP Percentage: 20%
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Here is how an alert will look for LONG - STOP-LOSS.
ALERT >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
COIN: BTCUSD
TIMEFRAME: 15M
ENTRY: 20000
LONG: SL
SL: 19000
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Here is how an alert will look for LONG - EOD (End of Day) In Profit close.
ALERT >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
COIN: BTCUSD
TIMEFRAME: 15M
LONG: EOD-Close (profit)
ENTRY: 20000
EOD-Close: 21900
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Adding Alerts in TradngView
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-Add indicator to chart and make sure the correct strategy is configured (check Backtesting results)
-Right-click anywhere on the TradingView chart
-Click on Add alert
-Condition: Select this indicator by it’s name
-Immediately below, change it to "alert() function calls only", as other wise there will be 2 alerts for every alert!
-Expiration: Open-ended (that may require higher tier TradingView account, otherwise the alert will need to be occasionally re-triggered)
-Alert name: Whatever you desire
-Hit “Create”
-Note: If you change ANY Settings within the indicator – you must DELETE the current alert and create a new one per steps above, otherwise it will continue triggering alerts per old Settings!
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Good Luck! (NOTE: Trading is very risky, past performance is not necessarily indicative of future results, so please trade responsibly!)
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NOTE: There seems to be a strange glitch when strategy is running live, it will show "double-take" take-profits labels on the chart. This is not affecting the script logic and backtesting results, if you simply change the timeframe real quick to something else then back - it will no longer show the duplicate orders... this must be some sort of a glitch as every alert was thoroughly tested to make sure everything is working!
Pivot Profit Target [Mxwll]Introducing the Pivot Profit Target!
This script identifies recent pivot highs/lows and calculates the expected minimum distance for the next pivot, which acts as an approximate profit target.
The image above details the indicator's output.
The image above shows a table consisting of projection statistics.
How to use
The Pivot Profit Targets can be used to approximate a profit target for your trade.
Identify where your entry is relative to the most recent pivot, and assess whether the minimum expected distance for the most recent pivot has been exceeded. Treat the zones as an approximation.
If your trade aligns with the most recent pivot - treat the minimum expected distance zone as a potential profit target area. Of course, price might stop short or continue beyond the projection area!
That's it! Just a short and sweet script; thank you!
Volume Profile with Node Detection [LuxAlgo]The Volume Profile with Node Detection is a charting tool that allows visualizing the distribution of traded volume across specific price levels and highlights significant volume nodes or clusters of volume nodes that traders may find relevant in utilizing in their trading strategies.
🔶 USAGE
The volume profile component of the script serves as the foundation for node detection while encompassing all the essential features expected from a volume profile. See the sub-sections below for more detailed information about the indicator components and their usage.
🔹 Peak Volume Node Detection
A volume peak node is identified when the volume profile nodes for the N preceding and N succeeding nodes are lower than that of the evaluated one.
Displaying peak volume nodes along with their surrounding N nodes (Zones or Clusters) helps visualize the range, typically representing consolidation zones in the market. This feature enables traders to identify areas where trading activity has intensified, potentially signaling periods of price consolidation or indecision among market participants.
🔹 Trough Volume Node Detection
A volume trough node is identified when the volume profile nodes for the N preceding and N succeeding nodes are higher than that of the evaluated one.
🔹 Highest and Lowest Volume Nodes
Both the highest and lowest volume areas play significant roles in trading. The highest volume areas typically represent zones of strong price acceptance, where a significant amount of trading activity has occurred. On the other hand, the lowest volume areas signify price levels with minimal trading activity, often indicating zones of price rejection or areas where market participants have shown less interest.
🔹 Volume profile
Volume profile is calculated based on the volume of trades that occur at various price levels within a specified timeframe. It divides the price range into discrete price intervals, typically known as "price buckets" or "price bars," and then calculates the total volume of trades that occur at each price level within those intervals. This information is then presented graphically as a histogram or profile, where the height of each bar represents the volume of trades that occurred at that particular price level.
🔶 SETTINGS
🔹 Volume Nodes
Volume Peaks: Toggles the visibility of either the "Peaks" or "Clusters" on the chart, depending on the specified percentage for detection.
Node Detection Percent %: Specifies the percentage for the Volume Peaks calculation.
Volume Troughs: Toggles the visibility of either the "Troughs" or "Clusters" on the chart, depending on the specified percentage for detection.
Node Detection Percent %: Specifies the percentage for the Volume Troughs calculation.
Volume Node Threshold %: A threshold value specified as a percentage is utilized to detect peak/trough volume nodes. If a value is set, the detection will disregard volume node values lower than the specified threshold.
Highest Volume Nodes: Toggles the visibility of the highest nodes for the specified count.
Lowest Volume Nodes: Toggles the visibility of the lowest nodes for the specified count.
🔹 Volume Profile - Components
Volume Profile: Toggles the visibility of the volume profile with either classical display or gradient display.
Value Area Up / Down: Color customization option for the volume nodes within the value area of the profile.
Profile Up / Down Volume: Color customization option for the volume nodes outside of the value area of the profile.
Point of Control: Toggles the visibility of the point of control, allowing selection between "developing" or "regular" modes. Sets the color and width of the point of control line accordingly.
Value Area High (VAH): Toggles the visibility of the value area high level and allows customization of the line color.
Value Area Low (VAL): Toggles the visibility of the value area low level and allows customization of the line color.
Profile Price Labels: Toggles the visibility of the Profile Price Levels and allows customization of the text size of the levels.
🔹 Volume Profile - Display Settings
Profile Lookback Length: Specifies the length of the profile lookback period.
Value Area (%): Specifies the percentage for calculating the value area.
Profile Placement: Specify where to display the profile.
Profile Number of Rows: Specify the number of rows the profile will have.
Profile Width %: Adjusts the width of the rows in the profile relative to the profile range.
Profile Horizontal Offset: Adjusts the horizontal offset of the profile when it is selected to be displayed on the right side of the chart.
Value Area Background: Toggles the visibility of the value area background and allows customization of the fill color.
Profile Background: Toggles the visibility of the profile background and allows customization of the fill color.
🔶 RELATED SCRIPTS
Supply-Demand-Profiles
Liquidity-Sentiment-Profile
Thanks to our community for recommending this script. For more conceptual scripts and related content, we welcome you to explore by visiting >>> LuxAlgo-Scripts .
Reversal Pivot PointsThis indicator aims to identify price levels where price action has quickly reversed from. These "pivots" establish major levels where major liquidity is located. Unlike standard support and resistance levels, when price breaks below or above a pivot, these pivots disappear from the chart. Comes with various customization features built to fit all.
Features
Pivot Timeframe: Identify and plot pivots from one specific timeframe and see it from all lower timeframes
Pivot left/right bar limit: A feature aimed at preventing false pivots identification
Remove On Close (ROC): Feature to only remove pivots once price close under it
ROC Timeframe: The timeframe the script uses to determine if the candle closed under the level
Wait For Close: Will only remove the pivot after the current candle closes
Line Extension Type: The extension of the line. None - extends line to current time, left - only extends line to the left, right - only extends line to the right, both - extends line both directions
Line Offset: How much to offset (in bars) the line and label from the current candle
Line Type: The style of line when plotted. Solid (─), dotted (┈), dashed (╌), arrow left (←), arrow right (→), arrows both (↔)
Display Level: Whether to or not to display the price of the pivot
Display Perfect Level: Whether to or not to display levels where price perfectly rejected off of
Alerts: Creates an alert when a level has been crossed
How to trade
1. Pivots can be traded to or from. The stock market (market makers) will tend to "chase" liquidity in order to fill orders at better averages. This allows us retail traders to to participate alongside these moves to these pivots. Once price action hits a pivot, it can do two things: break the pivot and continue or bounce off it. We can participate alongside these bounces after confirmation of a reversal (doji, volume, etc). These bounce plays are high risk as it's generally 50-50, but the risk to reward is typically also very high, making them very valuable to take.
2. Typically, the market is a fluid environment and should be "natural," so perfect things (manmade and filled with liquidity) should not occur. With this knowledge, we can expect these perfect levels, "PDT/PDB," to break as they are not natural occurrence and have heavy liquidity on and above/below them. We can trade to these levels and expect them to break/sweep if price action comes near them again.
Bilson Gann CountGann counting is a method for identifying swing points,trends, and overall market structure. It simplifies price action by drawing short trend lines that summarize moves.
There's essentially 4 types of bar/candle.
Up bar - Higher high and higher low than previous bar
Down bar - Lower high and lower low than previous bar
Inside bar - Lower high and higher low than previous bar
Outside bar - Higher high and lower low than previous bar
We use these determinations to decide how the trendline moves through the candles.
Up bars we join to the high, down bars we join to the low, inside bars are ignored.
There are other indicators that already exist which do this, the difference here is how we handle outside bars.
Other gann counting methods skip outside bars, this method determines how to handle the outside bar after the outside bar is broken.
examples
UP -> OUTSIDE -> UP = Outside bar treated as swing low
UP -> OUTSIDE -> DOWN = Outside bar treated as swing high
DOWN -> OUTSIDE -> UP = Outside bar treated as swing low
DOWN -> OUTSIDE -> DOWN = Outside bar treated as swing high
Swing Sniper by Republic of TradersSwing Sniper: A Comprehensive Market Reversal Indicator
Description:
Swing Sniper, developed by Republic of Traders, is a sophisticated trading indicator designed for traders who require precise market reversal signals. It performs optimally across all trading instruments and timeframes, offering both reliability and precision.
How It Works:
Swing Sniper employs a complex signal generation mechanism that activates only when six distinct conditions align within a specific timeframe. This includes:
A modified Commodity Channel Index (CCI) that helps identify short-term price fluctuations.
A Relative Momentum Index (RMI) utilized for recognizing long-term market trends.
A Supertrend indicator serves as a dynamic trend filter.
Several custom parameters that enhance signal reliability.
These components work synergistically to ensure that each trading signal is robust and well-founded. The indicator specializes in capturing significant market reversals by requiring a confirmation of trend reversal through a break and close above or below a previous supply/demand zone.
Usage Instructions:
Upon a valid signal, Swing Sniper advises traders that a potential market reversal has occurred and an entry may be considered in the direction of the new trend. Traders are recommended to set alerts for "once per candle close," allowing them to monitor multiple charts and timeframes simultaneously. Proper risk management is encouraged by placing stop losses just below or above the previous swing low or high and the signal candle's low or high. Take profits should similarly be set to capitalize on potential swings.
Why Choose Swing Sniper:
Swing Sniper is designed not only as a tool for generating entries but as a strategic component of your trading methodology. It brings a clear, analytical approach to navigating the markets, supported by detailed and logical indicator collaboration. This ensures users understand the underlying mechanics and can apply the tool effectively within their trading strategy.
Commitment to Originality and Utility:
Swing Sniper is a unique creation, adhering to TradingView’s standards by offering actionable insights that are distinct from other indicators available on the platform. It is meticulously crafted, featuring an original combination of technical analysis tools tailored to enhance market reversal detection.
Disclaimer:
Past performance is not indicative of future results. Always exercise due diligence and consider market conditions when trading.
Visualization Aid:
The accompanying chart visualization helps users identify signal examples, marked with a red triangle for market reversals short and a green triangle for market reversals long.
Embrace the strategic depth and precision of Swing Sniper and enhance your trading confidence and accuracy in financial markets.
Wunder OI breakout1. The basic concept for this strategy is to breakout open interest levels.
2. Open interest indicates the total number of active positions in the market a sharp increase in which we will use to enter a trade.
3. The main concept of this strategy is to break open interest levels.The strategy is based on building levels based on the highs and lows over a certain period. The breakdown of the set levels is used for entry. You can change the period as well as the percentage of change in open interest to find setups based on your pair and timeframe.
4. A function for calculating risk on the portfolio (your deposit) has been added to the Wunder OI breakout. When this option is enabled, you get a calculation of the entry amount in dollars relative to your Stop Loss. In the settings, you can select the risk percentage on your portfolio. The loss will be calculated from the amount that will be displayed on the chart.
5. For example, if your deposit is $1000 and you set the risk to 1%, with a Stop Loss of 5%, the entry volume will be $200. The loss at SL will be $10. 10$, which is your 1% risk or 1% of the deposit.
Important! The risk per trade must be less than the Stop Loss value. If the risk is greater than SL, then you should use leverage.
The amount of funds entering the trade is calculated in dollars. This option was created if you want to send the dollar amount from Tradingview to the exchange. However, putting your volume in dollars you get the incorrect net profit and drawdown indication in the backtest results, as TradingView calculates the backtest volume in contracts.
To display the correct net profit and drawdown values in Tradingview Backtest results, use the ”Volume in contract” option.
Quarterly Cycles [Dango]Introducing the Comprehensive Quarterly Cycle Indicator, a powerful and original tool designed to enhance your understanding of price action through the lens of quarterly cycles. This innovative script is a novel creation that accurately incorporates the nuances and complexities often overlooked by those who claim to have a quarterly cycle indicator.
Key Features:
- Displays 90-minute, daily, weekly, monthly, and yearly quarterly cycles
- Employs advanced algorithms and a deep understanding of cycle theory to precisely map out cycles
- Accounts for subtle nuances ignored by other indicators
How It Works:
The Comprehensive Quarterly Cycle Indicator meticulously calculates and visualizes various quarterly cycles based on a proprietary algorithm that determines the presence and absence of quarters. This intricate formula takes into account multiple factors and complex relationships between time and price to accurately identify when a quarter is present and when it isn't.
By leveraging this unique approach, the indicator can provide a more precise and reliable representation of quarterly cycles compared to other methods. The advanced algorithms employed by the script go beyond simple trend detection or scalping techniques, offering a comprehensive view of the underlying market rhythms.
The indicator's visual representation of quarterly cycles serves as an invaluable aid in recognizing time-based patterns, turning points, and potential trend shifts. Through the lens of this indicator, traders can gain a deeper understanding of how time influences market dynamics and can make more informed decisions based on this knowledge.
Intended Use:
The Comprehensive Quarterly Cycle Indicator is designed primarily for educational purposes, helping traders develop a keen intuition for interpreting price action through the lens of quarterly cycles. By studying the indicator's output alongside price movements, users can gain valuable insights into market dynamics and timing.
Please note that while this indicator is a powerful learning tool, it should not be considered a standalone trading system. As with any technical analysis tool, it is essential to combine its insights with other forms of analysis and risk management principles.
Limitations:
The indicator's accuracy may be impacted by extreme market volatility or unusual events
Quarterly cycles are one of many factors influencing price action and should not be relied upon in isolation
By offering a novel and accurate representation of quarterly cycles, this indicator aims to empower traders in their journey to understand and navigate the markets effectively. However, as with any trading tool, individual results may vary, and past performance does not guarantee future outcomes.
Disclaimer:
This indicator is provided for educational purposes only and should not be considered financial advice. Always conduct your own due diligence and consult with a financial professional before making any trading decisions.
Privacy of Code
Please note that the underlying logic and specific calculations used in the proprietary algorithm are not disclosed to protect the intellectual property of the script. The main reason for keeping these details hidden is due to the intricate formula used to determine when a quarter is actually present and when it isn't, taking into account various factors and complex relationships between time and price.
The proprietary algorithm is the result of extensive research, testing, and refinement, forming the core of the Comprehensive Quarterly Cycle Indicator's unique approach to identifying and visualizing quarterly cycles. By keeping the specific calculations confidential, the script maintains its competitive edge and ensures the protection of its intellectual property.
Despite not disclosing the exact details, the description aims to provide a clear understanding of the script's functionality, its unique approach to identifying quarterly cycles, and the potential benefits for traders. The information provided offers insights into the key features, general methodology, and advantages of utilizing the Comprehensive Quarterly Cycle Indicator in your trading analysis.
