Trend Direction & Levels IdentifierOverview : Trend Direction & Levels Identifier (TDLI) provides you with two lines - Resistance/Support line (RSLine) and Trend Line. These two lines form a channel which is filled with a colour showing current market direction, which also prints Bullish or Bearish text. Trend Line calculation is similar but follows different approach than Super Trend indicator. RSLine calculation is done using EMA and dynamic ATR.
How does this work?
Firstly understand Supertrend - The Supertrend indicator is a freely available technical analysis tool that helps traders identify the direction of the trend . It is based on the concept of volatility, and it provides a simple way to identify whether the current market trend is bullish or bearish.
Here's a basic explanation of the Supertrend indicator's logic and how it is commonly used:
Supertrend Indicator Logic:
Calculation of Average True Range (ATR) : The first step involves calculating the Average True Range (ATR) over a specified period. ATR measures market volatility by considering the average range between the high and low prices over a given number of periods.
Multiplier Factor : A multiplier factor is then applied to the ATR. The multiplier is usually set by the trader or analyst and determines the sensitivity of the Supertrend to changes in volatility.
Calculation of Upper and Lower Bands:The Supertrend indicator calculates two bands - an upper band and a lower band.
Upper Band (UB) = High price - (Multiplier * ATR)
Lower Band (LB) = Low price + (Multiplier * ATR)
Determining Trend Direction : If the current market price is above the Upper Band, the Supertrend suggests a bearish trend (sell signal). If the current market price is below the Lower Band, the Supertrend suggests a bullish trend (buy signal).
Now, Let's understand how we use this logic with some modification to build our Trend line -
Let's break down the key differences:
1. Calculation of Trend Switch Points:
- Supertrend: The Supertrend indicator primarily relies on the Average True Range (ATR) to calculate the volatility of the market. It then determines trend direction based on whether the closing price is above or below the Supertrend line.
- Our Trend: We use a modified ATR for volatility measurement (ATR / x), our code introduces modifications in the calculation of trend switch points. It incorporates moving averages (SMA - Simple Moving Averages) to define high and low prices, adding a dynamic element to the identification of trend reversal points.
2. Trend States and Switch Logic:
- Supertrend: The Supertrend generally has two states: uptrend or downtrend. It switches its state when the closing price crosses the Supertrend line.
- Our Trend: Our code introduces an additional variable, which is not binary (0 or 1) but rather represents the state of the trend (0 for uptrend, 1 for downtrend). The indicator uses a more complex logic involving previous trend states and moving averages to determine trend switches.
So, our trend line incorporates additional elements such as moving averages, dynamic amplitude, and channel deviation to modify the Supertrend logic and provide a more nuanced and visually informative representation of market trends. These modifications offer traders more flexibility in adapting the indicator to different market conditions and trading preferences.
Remember the underlying logic is of Supertrend which is freely available to all.
Another line is RSLine, lets dive into its logic and calculation -
Average True Range (ATR) Calculation : Calculates the Average True Range, a measure of market volatility. The ATR can be dynamically adjusted based on user preference.
Chande Momentum Oscillator (CMO) and Variable (VAR) Calculation : Calculates the CMO, which measures momentum, and uses it to compute the VAR value. This introduces an adaptive element to the indicator.
Other Moving Averages : Calculates various moving averages, including Wilder's Moving Average (WWMA), Zero-Lag Exponential Moving Average (ZLEMA), and Time Series Forecast (TSF), providing different perspectives on trend direction.
Main Moving Average (MAvg) Calculation : Computes the main moving average based on EMA and length.
Stop Level Calculation : Determines stop levels for both long and short positions. The levels are influenced by the moving average (MAvg) and ATR, with an option to normalize them.
The Stop Levels forms the RSLine which acts as either resistance or support based on market direction.
Lets see how the indicator tells you probable market direction -
Direction Identification : Identifies the current trend direction (uptrend or downtrend) based on the relationship between the moving average and the previous stop level. It also prints Bullish or Bearish on chart based on crossovers and crossunders between the Trend Line and the RSLine.
Fill Coloring for Highlighting : It Fills the area between the Trend Line and RSLine with either green or red color to visually emphasize the trend direction. The colors change based on whether the Trend Line and MAvg is above or below the stop levels.
So there are 3 major things -
1. RSLine - Uses EMA and dynamic ATR to calculate stop levels. This acts as support or resistance to current trend. It is always red in colour.
2. Trend Line - Unlike Super Trend this Trend Line calculation uses a combination of highest high, lowest low, and EMA of a fixed range of candles to determine trend changes. It uses a fixed amplitude for calculating the highest high, lowest low, and EMA values, but it doesn't incorporate dynamic volatility adjustments like ATR. Its colour varies from red to green based on calculation.
3. Channel Colour - Channel colour is decided based on crossover of Trend Line and RSLine, if Trend Line crosses RSLine from bottom then channel colour becomes green, similarly red colour is calculated.
How to use this?
Refer this snapshot for content below -
1. Once a crossover happens between Trend Line and RSLine, bullish / bearish text is printed with change in colour of channel. RSLine acts as support/resistance.
2. Look for colour of Trend Line - when it matches channel colour, it means favourable direction is that colour (green - long, red - short)
3. Remember any ongoing trend can reverse any second, so follow price action for better results.
Preferred Timeframe : It works best in 5 minute timeframe, but can also be used in other time frames.
Reason to use these two lines ?
The Trend Line tells current trend direction using a line which keeps changing colours, for double confirmation we use the RSline and channel colour which is calculated using Trend line and RSLine crossover. When both Trend line and RSLine channel colour is same that gives a more solid confirmation (not 100%) of a trend
Why it is worth paying for :
As mentioned earlier this indicator is built over freely available Supertrend and EMA indicators. The modifications which we have done for better calculation and visualisation makes it worth.
The indicator may be considered valuable for traders who appreciate a visual representation of market trend direction and important stop levels. Normal indicators like supertrend just shows a line which gives you idea about the trend but our indicator apart from telling trend direction tells important levels and provide a channel filled with current trend direction significance which helps in following trend precisely.
1. The customization options and visual clarity could enhance decision-making for those who prefer a more tailored approach.
2. Traders willing to pay for this indicator may find it useful in complementing their existing analysis and strategy.
Although one should understand using premium indicator doesnt mean it will generate magic results, if you know price action and risk management properly then only consider trying our indicator else practice trading on free indicators first.
IMPORTANT : As Stock markets are dynamic in nature, no indicator is a magic indicator which will give you 100% accurate results on one click. You still have to use price action for best results.
DISCLAIMER : This indicator isn't a get rich quick scheme, neither it can provide 100% accurate results. It is meant to be used as an aid to Price Action Trading and proper risk management.
在腳本中搜尋"bear"
KD Momentum MatrixI believe many traders think that fluctuation is very troublesome. The money earned in the trends is easily lost in the fluctuation. Because it is hard to find the high and low points of range.
Indicator: KD Momentum Matrix is the best choice for analyzing fluctuation, with potential volatility reminder.
KD Momentum Matrix is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits.
💠Usage：
Potential volatility reminder:
"strong" represents an increase in potential volatility, indicating that the fluctuation of the candles may increase in the future.
"weak" represents a decrease in potential volatility, indicating that the fluctuation of the candles may decrease in the future.
Momentum column:
·The short-term momentum column, the "green and red columns", represents the short-term bullish and bearish momentum, and is the main reference feature of this indicator.
·Long term momentum columns, known as "dark green and purple columns", represent long-term bullish and bearish momentum and serve as auxiliary reference feature.
Note: Long and short term momentum columns usually have the same direction, and in rare cases, they may deviate. Sometimes there may be overlapping long and short term columns. The reference bullish and bearish directions are consistent regardless of the long and short term.
🎈Tip I：
When there is a potential volatility reminder: "weak" or "strong", it is important to note that there may be something different on amplitude of fluctuation in the future. If you have a position, you need to think new about the direction of your position.
🎈Tip II：
Taking the main reference feature - the short-term momentum column as an example, when the momentum column changes from red to green, it indicates short-term bullishness, and there may be a small upward trend. If the price happens to be near the bottom of the visible range at this time, consider executing a round of opening long positions or closing short positions.
When holding a long position, the bearish signal indicated by the momentum bar is used for departure, i.e. the momentum bar changes from green to red.
🎈Advanced tip I：
Deviation. The long and short term momentum columns are mostly consistent, but occasionally there may be deviations, indicating intense competition between bulls and bears. In the short term, it is recommended not to engage in trading because of its high uncertainty.
🎈Advanced tip II：
Volatility indicators can also be used in trends, but it is important to remember the idea of following the trend. For example, when there is a callback during an upward trend, we choose to buy or add a long position when the momentum bar becomes a long signal.
*The signals in the indicators are for reference only and not intended as investment advice. Past performance of a strategy is not indicative of future earnings results.
Update -
Optimize the alarm function. If you need to monitor the "strong " or "weak" signal, when creating an alarm, set the condition bar to:
KD Momentum Matrix --> "strong " or "weak" --> Crossing Up --> value -> 1
Universal Forecaster [SS Premium]This is the Universal Forecaster as part of the Elite level.
About:
The universal forecast creates autofitted models for most financial instruments using an ATR approach. It will provide a Bullish and Bearish threshold condition, prospective low targets and prospective high targets. It will autofit and no user inputs are required to manually adjust the parameters.
In addition to this, the indicator also has some build in functions to augment its functionality, including:
a) Built in Autoregression Forecaster;
b) Built in ARIMA plotter;
c) Built in Probability Assessor;
d) Ability to plot next day targets and thresholds;
e) Ability to expand targets up to 3 standard deviations from its projected levels;
d) Has the ability to generate models for most to all timeframes (from as low at 5 minutes to as high as yearly)
Functionality:
Off the bat, the indicator will provide you with the conditional levels and immediate target ranges. A break above a conditional level generally means a move to the high range and a break below, a move to the low range.
If a ticker extends beyond the immediate forecasted range, the indicator has the ability to expand the ranges (see example below):
It will do this automatically in response to a range exceedance.
The indicator anchors from the previous day close, which gives it the ability to show you the next day targets and thresholds:
In addition to being able to plot the next day targets, it is also capable of auto generating a probability assessment based on the model it creates:
The indicator provides 2 probability types, momentum probability which uses technicals and z-score probability which uses standard deviation:
It will display the backtest results as well as a break down of the similar cases identified (see image above).
If there are no cases, the indicator will alert you. You can then change the probability type to see if the other one can find cases:
Make sure when you are running the probability assessment, your chart matches the timeframe you are running the assessment for!
The indicator also provides a trade planner to help you ascertain high probability trades based on each unique ticker's behaviour. When toggled on, it will display the various condition possibilities, and the common resulting behaviour:
You can also get shorter timeframe levels, here is an example of hourly levels:
The indicator also works really well with most Crypto.
Here is BTC using weekly levels:
And ADAUSD using monthly levels:
In addition to running an autoregression forecast, you can also run an ARIMA plot directly from the indicator itself and have it plot the bullish or bearish case:
Bullish case:
Bearish case:
The indicator is intended as a stand-alone indicator and can be used as its own strategy. The strategy is fairly straight forward, a break and hold of the bullish conditional, long to the high targets, inverse for a break of the bearish.
Key take-aways and tips:
Can be used on all timeframes;
When running probabilities, please ensure that you are on the chart you are running the probabilities for. So if you are running for the next day, please make sure you are on the daily timeframe.
The ARIMA and Autoregression will default to whichever timeframe you are on.
And that is the indicator!
Let me know your questions below and enjoy!
RSI Market Regime FinderThe Relative Strength Index Market Regime
Imagine the RSI as a tool that helps you figure out if a stock or any other asset is overbought or oversold. It’s like trying to see if a party is too crowded or too empty.
The RSI measures the speed and change of price movements. When it’s high, like above 70, it suggests that the asset might be overbought. Think of it like everyone rushing in to buy the latest cool thing, and maybe it’s getting a bit too popular. On the flip side, if the RSI is low, below 30, it implies that the asset might be oversold. This is like when nobody wants to go to a party, and it might be a good time to check it out because things could pick up.
Now, why does this matter? Well, it gives you a hint about potential reversals in the market. If something is overbought, it might be time for a cool-down, and if it’s oversold, there might be a chance for a comeback. Traders often use RSI to get a sense of whether an asset is in a strong trend or if it’s about to change direction. So, in a nutshell, RSI is like a party meter for the market. It helps you gauge if things are getting too wild or if it’s a bit quiet, giving you a heads-up on potential changes in the market vibe.
Creating the Regime Detection Indicator
A market regime is essentially the prevailing state or condition of the financial markets at a given time. It’s like saying the market can have different modes or phases, just like a person can be happy, sad, or somewhere in between.
Now, these market regimes can be broadly categorized based on trends. Imagine a market in a strong upward trend — everyone’s feeling optimistic, prices are going up, and it’s like a bull (that’s the term for a rising market) is running around.
On the flip side, if the market is in a downtrend, it’s like a bear (that’s the term for a falling market) is dominating. People might be a bit more cautious, prices are dropping, and it’s generally a less optimistic atmosphere.
The tricky part is that markets aren’t always in a clear-cut bull or bear state. Sometimes they’re just moving sideways, not going up or down much. That’s another market regime, often called a “sideways” or “range-bound” market.
The conditions of the creation of the indicator follow these assumptions:
A bullish regime is taking place whenever the RSI is above 50 but below 75 while the last three RSI values were above 46.
A bearish regime is taking place whenever the RSI is below 50 but above 25 while the last three RSI values were below 54.
The script is super simple to use. Basically, whenever the green line is in progress, a bullish regime is taking place, and whenever the red line is in progress, a bearish regime is taking place.
Long strategies fit well within a bullish regime while short strategies fit well within a bearish regime.
All the credit for this script goes to Sofien Kaabar. He graciously provided the code and I'm passing along his work.
Price Action Toolkit | Flux Charts💎 GENERAL OVERVIEW
Introducing our new Price Action Toolkit indicator! Price Action Toolkit integrates key level strategy , traditional supply-demand analysis , and market structures to help traders in their decisions. Now with features that are available to use in multiple timeframes!
Features of the new Price Action Toolkit indicator :
Volumized Fair Value Gaps (FVGs)
Volumized Order & Breaker Blocks
Identification of Market Structures
Equal Highs & Lows
Buyside & Sellside Liquidity
Premium & Discount Zones
MTF Highs & Lows (Daily, Weekly, Monthly, Pre-Market)
Customizable Settings
📌 HOW DOES IT WORK ?
We believe that the analytical elements that are within this indicator work best when they co-exist with each other on the chart. Trading often requires taking multiple elements into consideration for better accuracy on market analysis. Thus, we combined some of the useful strategies in one indicator for ease of use.
1. Volumized Fair Value Gaps
Fair value gaps often occur when there is an imbalance in the market, and can be spotted with a specific formation on the chart.
The volume when the FVG occurs plays an important role when determining the strength of it, so we've placed two bars on the FVG zone, indicating the high & low volumes of the FVG. The high volume is the total volume of the last two bars on a bullish FVG, while the low volume is - of the FVG. For a bearish FVG, the total volume of the last two bars is the low volume. The indicator can also detect FVGs that exist in other timeframes than the current chart.
2. Volumized Order Blocks
Order blocks occur when there is a high amount of market orders exist on a price range. It is possible to find order blocks using specific formations on the chart.
The high & low volume of order blocks should be taken into consideration while determining their strengths. The determination of the high & low volume of order blocks are similar to FVGs, in a bullish order block, the high volume is the last 2 bars' total volume, while the low volume is the oldest bar's volume. In a bearish order block scenerio, the low volume becomes the last 2 bars' total volume.
3. Volumized Breaker Blocks
Breaker blocks form when an order block fails, or "breaks". It is often associated with market going in the opposite direction of the broken order block, and they can be spotted by following order blocks and finding the point they get broken, ie. price goes below a bullish order block.
The volume of a breaker block is simply the total volume of the bar that the original order block is broken. Often the higher the breaking bar's volume, the stronger the breaker block is.
4. Market Structures
Sometimes specific market structures form and break as the market fills buy & sell orders. Formed Change of Character (CHoCH) and Break of Structure (BOS) often mean that market will change direction, and they can be spotted by inspecting low & high pivot points of the chart.
5. Equal Highs & Lows
Equal Highs & Lows occur when there is a significant amount of difference between a candle's close price and it's high / low value, and it happens again in a specific range. EQH and EQL usually mean there is a resistance that blocks the price from going further up / down.
6. Buyside & Sellside Liquidity
Buyside & Sellside Liquidity zones are where most traders place their take-profits and stop-losses in their long / short positions. They are spotted by using high & low pivot points on the chart.
7. Premium & Discount Zones
The premium zone is a zone that is over the fair value of the asset's price, and the discount zone is the opposite. They are formed by the latest high & low pivot points.
8. MTF Highs / Lows
MTF Highs / Lows are actually pretty self-explanatory, you can enable / disable Daily, Weekly, Monthly & Pre-Market Highs and Lows.
🚩UNIQUENESS
Our new indicator offers a comprehensive toolkit for traders, combining multiple analytical elements with customizable settings to aid in decision-making across different market conditions and timeframes. The volumetric information of both FVGs and Order & Breaker Blocks will be present in your chart to serve you greater detail about them. The indicator also efficiently identifies market structures, liquidity zones and premium & discount zones to give you an insight about the current state of the market. And finally with the use of multiple timeframes , you can easily take a look at the bigger picture. We recommend reading the "How Does It Work" section of the descripton to get a better understanding about how this indicator is unique to others.
⚙️SETTINGS
1. General Configuration
Show Historic Zones -> This will show historic Fair Value Gaps, Order & Breaker Blocks and Sellside & Buyside liquidities which are expired.
2. Fair Value Gaps
Enabled -> Enables / Disables Fair Value Gaps
Volumetric Info -> The volumetric information of the FVG Zones will be rendered if activated.
Zone Invalidation -> Select between Wick & Close price for FVG Zone Invalidation.
Zone Filtering -> With "Average Range" selected, algorithm will find FVG zones in comparison with average range of last bars in the chart. With the "Volume Threshold" option, you may select a Volume Threshold % to spot FVGs with a larger total volume than average.
FVG Detection -> With the "Same Type" option, all 3 bars that formed the FVG should be the same type. (Bullish / Bearish). If the "All" option is selected, bar types may vary between Bullish / Bearish.
Detection Sensitivity -> You may select between Low, Normal or High FVG detection sensitivity. This will essentially determine the size of the spotted FVGs, with lower sensitivies resulting in spotting bigger FVGs, and higher sensitivies resulting in spotting all sizes of FVGs.
3. Order Blocks
Enabled -> Enables / Disables Order Blocks
Volumetric Info -> The volumetric information of the Order Blocks will be rendered if activated.
Zone Invalidation -> Select between Wick & Close price for Order Block Invalidation.
Swing Length -> Swing length is used when finding order block formations. Smaller values will result in finding smaller order blocks.
4. Breaker Blocks
Enabled -> Enables / Disables Breaker Blocks
Volumetric Info -> The volumetric information of the Breaker Blocks will be rendered if activated.
Zone Invalidation -> Select between Wick & Close price for Breaker Block Invalidation.
5. Timeframes
You can set and enable / disable up to 3 timeframes. Note that only higher timeframes than the current chart will work.
6. Market Structures
Break Of Structure ( BOS ) -> If the current structure of the market is broken in a bullish or bearish direction, it will be displayed.
Change Of Character ( CHoCH ) -> If the market shifts into another direction, it will be displayed.
Change Of Character+ ( CHoCH+ ) -> This will display stronger Change Of Characters if enabled.
7. Equal Highs & Lows
EQH -> Enables / Disables Equal Highs.
EQL -> Enables / Disables Equal Lows.
ATR Multiplier (0.1 - 1.0) -> Determines the maximum difference between highs / lows to be considered as equal. Lower values will result in more accurate results.
8. Buyside & Sellside Liquidity
Zone Width -> Determines the width of the liquidity zones, 1 = 0.025%, 2 = 0.05%, 3 = 0.1%.
9. Premium & Discount Zones
Enabled -> Enables / Disables Premium & Discount Zones.
10. MTF Highs / Lows
You can enable / disable Daily, Weekly, Monthly & Pre-Market Highs and Lows using this setting. You can also switch their line shapes between solid, dashed and dotted.
Candlestick Patterns [NAS Algo]Candlestick Patterns plots most commonly used chart patterns to help and understand the market structure.
Bullish Reversal Patterns:
Hammer:
Appearance: Small body near the high, long lower shadow.
Interpretation: Indicates potential bullish reversal after a downtrend.
Inverted Hammer:
Appearance: Small body near the low, long upper shadow.
Interpretation: Signals potential bullish reversal, especially when the preceding trend is bearish.
Three White Soldiers:
Appearance: Three consecutive long bullish candles with higher closes.
Interpretation: Suggests a strong reversal of a downtrend.
Bullish Harami:
Appearance: Small candle (body) within the range of the previous large bearish candle.
Interpretation: Implies potential bullish reversal.
Bearish Reversal Patterns:
Hanging Man:
Appearance: Small body near the high, long lower shadow.
Interpretation: Suggests potential bearish reversal after an uptrend.
Shooting Star:
Appearance: Small body near the low, long upper shadow.
Interpretation: Indicates potential bearish reversal, especially after an uptrend.
Three Black Crows:
Appearance: Three consecutive long bearish candles with lower closes.
Interpretation: Signals a strong reversal of an uptrend.
Bearish Harami:
Appearance: Small candle (body) within the range of the previous large bullish candle.
Interpretation: Implies potential bearish reversal.
Dark Cloud Cover:
Appearance: Bearish reversal pattern where a bullish candle is followed by a bearish candle that opens above the high of the previous candle and closes below its midpoint.
Continuation Patterns:
Rising Three Methods:
Appearance: Consists of a long bullish candle followed by three small bearish candles and another bullish candle.
Interpretation: Indicates the continuation of an uptrend.
Falling Three Methods:
Appearance: Consists of a long bearish candle followed by three small bullish candles and another bearish candle.
Interpretation: Suggests the continuation of a downtrend.
Gravestone Doji:
Appearance: Doji candle with a long upper shadow, little or no lower shadow, and an opening/closing price near the low.
Interpretation: Signals potential reversal, particularly in an uptrend.
Long-Legged Doji:
Appearance: Doji with long upper and lower shadows and a small real body.
Interpretation: Indicates indecision in the market and potential reversal.
Dragonfly Doji:
Appearance: Doji with a long lower shadow and little or no upper shadow.
Interpretation: Suggests potential reversal, especially in a downtrend.
Fair Value Gaps (Volumetric) | Flux Charts💎 GENERAL OVERVIEW
Introducing a brand new Fair Value Gaps (FVG) indicator, now with Volumetric Zones! You can now see the total volume of FVG zones, as well as their bullish & bearish volume ratio.
Features of the Volumetric FVG Indicator :
Render Bullish / Bearish FVG Zones
See Total Volume Of The FVG Zones
See The Ratio Of Bullish / Bearish Bar Volume Of FVG Zones
Combination Of Overlapping FVG Zones
Variety Of Zone Detection/ Sensitivity / Filtering / Invalidation Settings
High Customizability
🚩UNIQUENESS
The ability to render the total volume of FVGs as well as bullish / bearish volume ratio is what sets this FVG indicator apart from others. Also the ability to combine overlapping FVG zones will result in cleaner charts for traders.
⚙️SETTINGS
1. General Configuration
Zone Invalidation -> Select between Wick & Close price for FVG Zone Invalidation.
Zone Filtering -> With "Average Range" selected, algorithm will find FVG zones in comparison with average range of last bars in the chart. With the "Volume Threshold" option, you may select a Volume Threshold % to spot FVGs with a larger total volume than average.
FVG Detection -> With the "Same Type" option, all 3 bars that formed the FVG should be the same type. (Bullish / Bearish). If the "All" option is selected, bar types may vary between Bullish / Bearish.
Detection Sensitivity -> You may select between Low, Normal or High FVG detection sensitivity. This will essentially determine the size of the spotted FVGs, with lower sensitivities resulting in spotting bigger FVGs, and higher sensitivities resulting in spotting all sizes of FVGs.
Show Historic Zones -> If this option is on, the indicator will render invalidated FVG zones as well as current FVG zones. For a cleaner look at current FVG zones which are not invalidated yet, you can turn this option off.
ASFX A2 VWAP [LuxAlgo]The ASFX A2 VWAP is a toolkit based on A2 signals and daily anchored VWAP bands, a methodology proposed by trader & educator Austin Silver (ASFX).
Pre-built alerts are also included.
🔶 USAGE
The A2 strategy involves identifying potential trades using specific signals and confirmation from the 21 EMA (Exponential Moving Average). Below we can see a bullish A2 signal triggering as price is closing below the 21 EMA with less than half of the candles closing price.
Within the settings, we have enabled the stop loss setting to assist us with trade setups generated from A2 signals.
Users can enable multiple layers of StDev multipliers on the AAVWAP to find areas of support & resistance alongside the A2 signals & other features included.
🔶 DETAILS
If 'Filter Based On VWAP' is enabled, bullish signals will only be displayed if located above the anchored VWAP, while bearish signals will only be displayed when located under the VWAP. The image above illustrates this, with transparent signals showing the ones that are supposed to be filtered.
The Stop Loss is based on the most recent A2 signal, and is constructed from the 1.618 Fibonacci retracement using the following points depending on the A2 signal:
Bullish: From candle low to the current daily maximum.
Bearish: From candle high to current daily minimum.
🔶 SETTINGS
🔹 A2
Validation EMA Period : Period of the EMA used to validate triggered A2 signals.
Trigger EMA Period : Period of the EMA used to trigger A2 signals.
Filter Based On VWAP : Filter A2 signals based on their location relative to the VWAP output.
🔹 VWAP
source : Input data for the anchored VWAP calculation
Show Central AVWAP : Display central VWAP on the chart
StDev Multiplier 1 : Display first VWAP bands, using a StDev multiplier of 1 by default.
StDev Multiplier 2 : Display second VWAP bands, using a StDev multiplier of 2 by default.
StDev Multiplier 3 : Display third VWAP bands, using a StDev multiplier of 3 by default.
🔹 Stop Loss
Stop Loss : Display stop loss based on the most recent A2 signal
Machine Learning: STDEV Oscillator [YinYangAlgorithms]This Indicator aims to fill a gap within traditional Standard Deviation Analysis. Rather than its usual applications, this Indicator focuses on applying Standard Deviation within an Oscillator and likewise applying a Machine Learning approach to it. By doing so, we may hope to achieve an Adaptive Oscillator which can help display when the price is deviating from its standard movement. This Indicator may help display both when the price is Overbought or Underbought, and likewise, where the price may face Support and Resistance. The reason for this is that rather than simply plotting a Machine Learning Standard Deviation (STDEV), we instead create a High and a Low variant of STDEV, and then use its Highest and Lowest values calculated within another Deviation to create Deviation Zones. These zones may help to display these Support and Resistance locations; and likewise may help to show if the price is Overbought or Oversold based on its placement within these zones. This Oscillator may also help display Momentum when the High and/or Low STDEV crosses the midline (0). Lastly, this Oscillator may also be useful for seeing the spacing between the High and Low of the STDEV; large spacing may represent volatility within the STDEV which may be helpful for seeing when there is Momentum in the form of volatility.
Tutorial:
Above is an example of how this Indicator looks on BTC/USDT 1 Day. As you may see, when the price has parabolic movement, so does the STDEV. This is due to this price movement deviating from the mean of the data. Therefore when these parabolic movements occur, we create the Deviation Zones accordingly, in hopes that it may help to project future Support and Resistance locations as well as helping to display when the price is Overbought and Oversold.
If we zoom in a little bit, you may notice that the Support Zone (Blue) is smaller than the Resistance Zone (Orange). This is simply because during the last Bull Market there was more parabolic price deviation than there was during the Bear Market. You may see this if you refer to their values; the Resistance Zone goes to ~18k whereas the Support Zone is ~10.5k. This is completely normal and the way it is supposed to work. Due to the nature of how STDEV works, this Oscillator doesn’t use a 1:1 ratio and instead can develop and expand as exponential price action occurs.
The Neutral (0) line may also act as a Support and Resistance location. In the example above we can see how when the STDEV is below it, it acts as Resistance; and when it’s above it, it acts as Support.
This Neutral line may also provide us with insight as towards the momentum within the market and when it has shifted. When the STDEV is below the Neutral line, the market may be considered Bearish. When the STDEV is above the Neutral line, the market may be considered Bullish.
The Red Line represents the STDEV’s High and the Green Line represents the STDEV’s Low. When the STDEV’s High and Low get tight and close together, this may represent there is currently Low Volatility in the market. Low Volatility may cause consolidation to occur, however it also leaves room for expansion.
However, when the STDEV’s High and Low are quite spaced apart, this may represent High levels of Volatility in the market. This may mean the market is more prone to parabolic movements and expansion.
We will conclude our Tutorial here. Hopefully this has given you some insight into how applying Machine Learning to a High and Low STDEV then creating Deviation Zones based on it may help project when the Momentum of the Market is Bullish or Bearish; likewise when the price is Overbought or Oversold; and lastly where the price may face Support and Resistance in the form of STDEV.
If you have any questions, comments, ideas or concerns please don't hesitate to contact us.
HAPPY TRADING!
Gorb WallIntroduction:
Gorb Wall is a trading tool that offers a unique approach to market trend analysis. It extends the capabilities of the Gorb Algo indicator by presenting a multi-ticker, multi-timeframe dashboard, enabling traders to capture crucial market movements across various financial instruments without flipping through charts.
Overview:
Multi-Ticker Analysis: Monitor and analyze multiple financial instruments simultaneously.
Customizable Timeframes: Tailor the script to various timeframes to suit your trading strategy.
Gorb Algo Market Trend: An algorithm that adapts to market conditions, providing insights into trend changes.
User-Friendly Dashboard: Easily configure and customize the dashboard placement on your chart.
Color-Coded Trend Indicators: Visual cues to quickly assess bullish or bearish trends.
Optimized for Performance: Efficiently coded to ensure smooth running on TradingView without overloading resources.
How Gorb Wall Works:
The script utilizes Gorb Algo's market trend algorithm to process price and volume data across selected tickers and timeframes.
It applies a complex calculation to identify trends, using a combination of volatility analysis, momentum measurements, and trend strength indicators.
The output is a simplified visual representation on the dashboard, where colored circles indicate the trend direction, providing an at-a-glance market overview.
Unique Features:
Proprietary Algorithm: The heart of Gorb Wall lies in its unique Gorb Algo Market Trend algorithm. Unlike standard trend-following indicators, this proprietary algorithm integrates multiple technical analysis concepts (e.g., moving averages, volume data, price action, and oscillators) to provide a more comprehensive market trend analysis.
Multi-Dimensional Analysis: The script analyzes market trends by simultaneously processing data across multiple tickers and timeframes, offering a broader view of market movements than traditional single-ticker indicators.
We recommend exploring & choosing which tickers/timeframes best suits your needs and style of trading, and use that to combine with our suite of indicators.
Settings:
All skill-level friendly presets, easy to enable features with one-click
Dashboard Placement: Choose from top/bottom left/right for dashboard positioning.
Trend Speed Mode: Select the algorithm speed - Fast, Medium, Slow, Slowest.
Bullish/Bearish Trend Colors: Customize colors for trend indicators.
Additional Tickers: Input options for monitoring multiple financial instruments.
Timeframe Selection: Choose from a range of timeframes for each ticker.
How to Use
In the image below, we can see a basic example of how this indicator functions.
The dashboard displays up to three different tickers per the user's choice, with 4 different timeframes the user can choose. It that runs the algorithm line on the specified ticker & timeframe and plots a colored circle that identifies that tickers trend on the specified timeframes.
There are two colors, white for bullish trend and purple for bearish trend. These are the two consistent colors across our suit of indicators to help simplify trading by using simple color matching for confluence. Below is a continued breakdown on using this indicator:
Dynamic Trend Visualization in Real-Time Updates
The dashboard dynamically updates trend colors (white for bullish, purple for bearish) based on real-time market data, offering immediate insights into market sentiment. The next three images below these the live change in data as price action begins developing over multiple timeframes.
In the image above, we are on the 5min AAPL chart, we have SPY, QQQ, and VIX as our tickers on the dashboard with 1min, 2min, 3min, and 10min timeframes chosen. We begin to see VIX flip bullish, which can usually mean down side for indices.
We then see as AAPL's price begins to slow and reverse, we see SPY's trend following on the smaller timeframes first with VIX still leading the way indicating possible bearish change.
In the image above, we can see that price dips down and SPY & QQQ market trends have flipped bearish on all timeframes, while VIX continues to be bullish(validating the downwards price action)
Customizable Settings
Users can adjust settings such as dashboard placement, trend speed mode, and color themes to suit individual trading styles.
In the image below, we can see the dashboard placement setting offers four different locations the user can move the dashboard. Just like in Gorb Algo , the user can choose which trendline speed they want to use to best fit their trading strategy.
In the image below, we can see the "bullish trend" & "bearish trend" colors setting. These colors by default match the rest of our suite of indicators, white is bullish and purple is bearish. Users can change these color settings to meet their preferences.
In the image below, we can see there are three market ticker options that the user can change. This allows users to monitor their favorite tickers across or easily flip through multiple tickers in order to gauge their current market trends without having to change their chart
In the image below, we can see the 4 timeframes that are on the dashboard. The user has the ability to change each of those four, to whatever timeframe best suits their trading needs. There are 12 different timeframe options to choose from.
Quick Dashboard Review
Using color-coded trend detection, this quickly gauges market trends and provides a visual to easily identify these changes in real-time across multiple timeframes. When a circle changes color, this means that price has flipped that direction, causing a change in the Gorb Algo market trendline. As stated above, white is for bullish trend and purple is for bearish trend, but these colors can be changed to fit the users trading strategy and style. Each timeframe the user chooses will be updated in real-time, including the higher time frames like the daily & weekly. They have been modified to pull data a same speed the lower timeframes are.
This helps provide quick visual identification of real market trend changes as price action develops. It is best used in conjunction with other forms of technical analysis for a holistic trading approach.
Conclusion:
This indicator is designed to streamline market trend analysis, offering traders an innovative, efficient, and easy-to-use tool for making informed trading decisions. This tool complements our suite of indicators, providing unique market insights that are not typically available in traditional open-source scripts.
How to get access:
You can see the Author's instructions to get access to this indicator
RISK DISCLAIMER
All content, tools, scripts & education provided by Gorb Algo are for informational & educational purposes only. Trading is risky and most lose their money, past performance does not guarantee future results.
NisonCandleScannerNison Candle Scanner (NCS) - the only indicator personally designed and tested by the acknowledged Western world’s top candlestick expert Steve Nison. Harness the proprietary technology of NCS to reveal important candle signals to quickly uncover potential entry and exit signals in any market and time frame. NCS is easy to set up and use... Discover for yourself how quickly it will boost your trading and investing confidence.
*Highlight 28 different candle patterns in either standard or strict criteria
*Strict Criteria candle patterns provide a tighter and higher quality definition of a pattern
*Utilize either pattern abbreviations or full names highlighted on your charts
*Scan for and be alerted to any or all of the candle patterns in any time frame, and any market
I’ve spent over 30 years totally immersed in candlestick charting techniques and using them correctly to help traders and investors around the world (my book has been translated in 22 languages and we have students from over 85 countries.)
Now using my decades of real world experience, I designed the easy to use tools in Nison Candle Scanner™ (NCS) to highlight, scan, and alert you to the 28 most powerful candle patterns that I personally use in my own trading. The research into this software was originally intended to save me hours of time to find in minutes the best potential setups in any market and any time frame. I’ve now opened up the power of NCS to TradingView and all of its users.
Since candle signals require both the correct shape of the candle lines AND the correct prior trend, we derived our proprietary formula to accurately take trend and the shape of the candle lines to ensure accurate results.
NCS will highlight these candle patterns for you in either full name or abbreviations, scan for any or all 28 of those patterns in your watchlists and time frames of choice, and then alert you to these critical candle signals in real time!
NCS will help you quickly find potential entry/exit points in any market and time frame before your competition.
Example of Highlighting Patterns with either Full Names or Pattern Abbreviations
Select between Yes, No, or Strict on 28 Different Candle Patterns
Bull :
Hammer
Inverted Hammer
Bull Counter Attack
Bullish Engulfing
Bull Harami
Piercing
Bull Sash
Bull Seperating Line
Tweezers Bottom
Rising Window
Morning Star
Rising Three
Three White Soldiers
Bear
Hanging Man
Shooting Star
Bear Counter Attack
Bearish Engulfing
Bear Harami
Dark Cloud Cover
Bear Sash
Bear Seperating Line
Tweezers Top
Falling Window
Evening Star
Falling Three
Three Black Crows
Neutral
Doji
High Wave
Scan for and Be alerted to any or all of the 28 patterns in your watchlists and timeframes
For those with proper candle education, the ability to highlight, scan, and be alerted to candle patterns will aide in identifying reversal and continuation patterns. Utilize Nison Candle Scanner to find the best potential setups that fit your criteria!
Trend Strength Over TimeThe script serves as an indicator designed to assess and visualize trend strength and Volume strength over time. It employs a variety of calculations and conditions to offer insights into both bullish and bearish market trends. Let's explore the key conceptual elements of the code.
Trend Strength Conditions:
The script defines conditions to assess trend strength based on a comparison between each calculated percentile value and the highest high (bullish) or lowest low (bearish). Separate conditions are established for each percentile length, allowing for a nuanced understanding of trend dynamics across different timeframes.
Counting Bull and Bear Trends:
To quantify the strength of bullish and bearish trends, the script maintains counts for the number of conditions that are true for each. This count-based approach provides a quantitative measure of trend strength.
Weak Bull and Bear Counts:
Recognizing that trends are not always clear-cut, the script introduces the concept of weak trends. It counts instances where the percentiles fall between the highest high and lowest low, indicating a potential weakening of the prevailing trend.
Bull and Bear Strength:
Bull and bear strengths are calculated based on the counts, with adjustments made for weak trends. This step provides a more nuanced and comprehensive assessment of trend strength by considering both strong and weak signals.
Current Trend Value:
The culmination of these calculations is the determination of the current trend value. This value represents the balance between bullish and bearish forces, offering a dynamic indicator of the market's prevailing sentiment.
Volume Strength Calculation:
In addition to price-based indicators, the script incorporates volume strength as a crucial element. This is calculated using the simple moving averages (SMAs) of volume over different lengths, normalized relative to the SMA over a length of 144. Volume strength adds a layer of confirmation or divergence to the price-based trend analysis.
Color Change:
To facilitate quick and intuitive interpretation, the script dynamically changes the color of the plotted line on the chart based on the current trend value. Green indicates a bullish trend, red indicates a bearish trend, and blue suggests a neutral or indecisive market.
Plotting:
The script uses the plot function to visually present the calculated trend strength and volume strength on the chart. This visual representation aids traders in making informed decisions based on the identified trends and their strengths.
Volume Strength: A Detailed Explanation
In the context of the provided script, volume strength is a critical component used to assess the strength of a market trend. It provides insights into the level of participation and commitment of market participants, offering a complementary perspective to traditional price-based indicators. Let's delve into the concept and practical applications of volume strength.
Calculation of Volume Strength:
The script calculates volume strength by considering the simple moving averages (SMAs) of volume over different time periods (13, 21, 34, 55, 89). These individual SMAs are then normalized relative to the SMA over a more extended period of 144. The weights assigned to each SMA in the calculation are defined in the variable VCF (Volume Correction Factor).
Calculation of Volume Strength with Weights: The weights assigned to each SMA in this calculation are crucial for emphasizing the significance of shorter-term volume movements relative to a longer-term baseline.
Interpretation of Weights:
The choice of weights reflects the relative importance of shorter-term volume movements compared to longer-term trends. In this script, shorter-term SMAs (13, 21, 34, 55, 89) are assigned decreasing weights, while the longer-term SMA (144) serves as the baseline.
Shorter-term SMAs with higher weights may have a more immediate impact on the volume strength calculation. This implies that recent changes in volume carry more weight in assessing the current market conditions.
The decreasing weights for shorter-term SMAs might indicate that, as the timeframe lengthens, the significance of recent volume movements diminishes in relation to the longer-term trend. This approach allows for a focus on both short-term volatility and longer-term stability in volume patterns.
The purpose of normalization is to emphasize the current volume's significance in comparison to its historical context. This can help identify abnormal volume spikes or sustained increases in trading activity, which may indicate the strength or weakness of a trend.
Interpretation and Practical Use:
Confirmation of Trend:
Rising volume during an uptrend can validate the strength of the upward movement, suggesting that a significant number of market participants are actively buying. Conversely, decreasing volume during an uptrend might indicate weakening interest and a potential reversal.
In a downtrend, increasing volume on downward price movements reinforces the strength of the trend. A decrease in volume during a downtrend may suggest a potential weakening or exhaustion of the downward momentum.
Divergence Analysis:
Divergence occurs when there is a disagreement between the price movement and the corresponding volume. For example, if prices are rising but volume is declining, it could signal a lack of conviction in the upward movement, and a reversal might be imminent.
Conversely, if prices are falling, but volume is decreasing as well, it might suggest that the downward momentum is losing steam, and a potential reversal or consolidation could be on the horizon.
In conclusion, volume strength analysis provides traders with a powerful tool to gauge the conviction behind price movements. By incorporating volume data into the technical analysis, one can make more informed decisions, enhance trend identification, and improve risk management strategies.
CAMARILLA PIVOTSThis indicator is based on the Pivot study. Traders will be able to plot CPR, Standard floor pivots as well as Camarilla Pivots on multiple timeframes.
Why pivots from multiple timeframes are relevant and included in this one indicator?
We can analyse pivots on multiple timeframes for different trading setups. As in, Daily floor pivots are best suited for analysing the market trend for Day trading. Similarly, Weekly and Monthly floor pivots can be analysed for Swing and positional trading entries. Whereas yearly pivot is best suited for trend analysis for investment purpose.
What is the relevance of plotting tomorrow's pivot level in advance?
Pivot are calculated based on the price happened on a previous day. And hence trader can plot tomorrow pivots in advance to shortlist stocks for tomorrow's trading session.
TimeFrames Available to traders are –
- Auto (1H)
1. Daily
2. Weekly
3. Monthly
4. Quarterly
5. Yearly
A) Daily Pivots
Present Day –
1. Trader can plot Daily CPR
2. Trader can plot Daily R1, R2, R3 and R4 pivot resistance levels
3. Trader can plot Daily S1, S2, S3 and S4 pivot support levels
4. Trader can plot Daily Camarilla levels
Future Day –
1. Trader can plot Tomorrow CPR
2. Trader can plot Tomorrow R1, R2, R3 and R4 pivot resistance levels
3. Trader can plot Tomorrow S1, S2, S3 and S4 pivot support levels
4. Trader can plot Tomorrow Camarilla levels
5. Previous Day High and Low
B) Weekly Pivots
Present Week –
1. Trader can plot Present week CPR
2. Trader can plot Present week R1, R2, R3 and R4 pivot resistance levels
3. Trader can plot Present week S1, S2, S3 and S4 pivot support levels
4. Trader can plot Present week Camarilla levels
Next Week –
1. Trader can plot Next week CPR
2. Trader can plot Next week R1, R2, R3 and R4 pivot resistance levels
3. Trader can plot Next week S1, S2, S3 and S4 pivot support levels
4. Trader can plot Next week Camarilla levels
5. Previous Week High and Low
C) Monthly Pivots
Present Month –
1. Trader can plot Present Month CPR
2. Trader can plot Present Month R1, R2, R3 and R4 pivot resistance levels
3. Trader can plot Present Month S1, S2, S3 and S4 pivot support levels
4. Trader can plot Present Month Camarilla levels
Next Month –
1. Trader can plot Next Month CPR
2. Trader can plot Next Month R1, R2, R3 and R4 pivot resistance levels
3. Trader can plot Next Month S1, S2, S3 and S4 pivot support levels
4. Trader can plot Next Month Camarilla levels
5. Previous Month High and Low
EXTREME REVERSAL SETUP:
This is by far my favorite setup in the lot. Classic Mean Reversion setup.
The logic, as explained in the book, goes like this,
1. The first bar of the pattern is about two times larger than the average size of the candles in the lookback period.
2. The body of the first bar of the pattern should encompass more than 50 percent of the bar’s total range, but usually not more than 85 percent.
3. The second bar of the pattern opposes the first.
The setup works extremely well in high beta stocks like Vedanta VEDL.
Feel free to play with the settings in order to better align this pattern with your favorite stock.
OUTSIDE REVERSAL SETUP:
My second favorite setup, it is quite good at catching intraday trends.
Here’s the logic,
1. The engulfing bar of a bullish outside reversal setup has a low that is below the prior bar’s low and a close that is above the prior bar’s high. Reverse the conditions for bearish outside reversal.
2. The engulfing bar is usually 5 to 25 percent larger than the size of the average bar in the lookback period.
Settings for this pattern simply reflect these conditions. Feel free to modify them as you wish.
DOJI REVERSAL SETUP:
Doji candles signify market indecision and this pattern tries to profit off these market conditions.
Logic:
1. The open and close price of the doji should fall within 10 percent of each other, as measured by the total range of the candlestick.
2. For a bullish doji, the high of the doji candlestick should be below the ten-period simple moving average. Vice-versa for bearish.
3. For a bullish doji setup, one of the two bars following the doji must close above the high of the doji. Vice-versa for bearish.
Feel free to modify the settings and optimize according to the stock you are trading.
Don't optimize too much :)
This pattern works brilliantly well on larger intraday timeframes, like 15m/30m/60m.
This pattern also has a higher propensity to give false indications than the two described above.
Doji reversal typically helps to catch larger trend reversals.
WICK REVERSAL SETUP:
This pattern tries to capture candlesticks with large wick sizes, as they often indicate trend reversal when coupled with significant support and resistance levels.
Logic:
1. The body is used to determine the size of the reversal wick. A wick that is between 2.5 to 3.5 times larger than the size of the body is ideal.
2. For a bullish reversal wick to exist, the close of the bar should fall within the top 35 percent of the overall range of the candle.
3. For a bearish reversal wick to exist, the close of the bar should fall within the bottom 35 percent of the overall range of the candle.
This pattern must always be coupled with important support resistance levels, else there will be a lot of false signals.
This indicator helps you identify market structure by plotting swing highs and lows (HH, LH, HL, LL).
Indicator Settings Overview
SWING LENGTH
The number of leftbars and rightbars when searching for swing points. The lower the value, the more swing points are shown and the higher the value, the less swing points are shown. I suggest adjusting it to fit your style and when switching between different timeframes.
Liquidations Meter [LuxAlgo]The Liquidation Meter aims to gauge the momentum of the bar, identify the strength of the bulls and bears, and more importantly identify probable exhaustion/reversals by measuring probable liquidations.
🔶 USAGE
This tool includes many features related to the concept of liquidation. The two core ones are the liquidation meter and liquidation price calculator, highlighted below.
🔹 Liquidation Meter
The liquidation meter presents liquidations on the price chart by measuring the highest leverage value of longs and shorts that have been potentially liquidated on the last chart bar, hence allowing traders to:
gauge the momentum of the bar.
identify the strength of the bulls and bears.
identify probable reversal/exhaustion points.
Liquidation of low-leveraged positions can be indicative of exhaustion.
🔹 Liquidation Price Calculator
A liquidation price calculator might come in handy when you need to calculate at what price level your leveraged position in Crypto, Forex, Stocks, or any other asset class gets liquidated to add a protective stop to mitigate risk. Monitoring an open position gets easier if the trader can calculate the total risk in order for them to choose the right amount of margin and leverage.
Liquidation price is the distance from the trader's entry price to the price where trader's leveraged position gets liquidated due to a loss. As the leverage is increased, the distance from trader's entry price to the liquidation price shrinks.
While you have one or several trades open you can quickly check their liquidation levels and determine which one of the trades is closest to their liquidation price.
If you are a day trader that uses leverage and you want to know which trade has the best outlook you can calculate the liquidation price to see which one of the trades looks best.
🔹 Dashboard
The bar statistics option enables measuring and presenting trading activity, volatility, and probable liquidations for the last chart bar.
🔶 DETAILS
It's important to note that liquidation price calculator tool uses a formula to calculate the liquidation price based on the entry price + leverage ratio.
Other factors such as leveraged fees, position size, and other interest payments have been excluded since they are variables that don’t directly affect the level of liquidation of a leveraged position.
The calculator also assumes that traders are using an isolated margin for one single position and does not take into consideration the additional margin they might have in their account.
🔹Liquidation price formula
the liquidation distance in percentage = 100 / leverage ratio
the liquidation distance in price = current asset price x the liquidation distance in percentage
the liquidation price (longs) = current asset price – the liquidation distance in price
the liquidation price (shorts) = current asset price + the liquidation distance in price
or simply
the liquidation price (longs) = entry price * (1 – 1 / leverage ratio)
the liquidation price (shorts) = entry price * (1 + 1 / leverage ratio)
Example:
Let’s say that you are trading a leverage ratio of 1:20. The first step is to calculate the distance to your liquidation point in percentage.
the liquidation distance in percentage = 100 / 20 = 5%
Now you know that your liquidation price is 5% away from your entry price. Let's calculate 5% below and above the entry price of the asset you are currently trading. As an example, we assume that you are trading bitcoin which is currently priced at $35000.
the liquidation distance in price = $35000 x 0.05 = $1750
Finally, calculate liquidation prices.
the liquidation price (longs) = $35000 – $1750 = $33250
the liquidation price (short) = $35000 + $1750 = $36750
In this example, short liquidation price is $36750 and long liquidation price is $33250.
🔹How leverage ratio affects the liquidation price
The entry price is the starting point of the calculation and it is from here that the liquidation price is calculated, where the leverage ratio has a direct impact on the liquidation price since the more you borrow the less “wiggle-room” your trade has.
An increase in leverage will subsequently reduce the distance to full liquidation. On the contrary, choosing a lower leverage ratio will give the position more room to move on.
🔶 SETTINGS
🔹Liquidations Meter
Base Price: The option where to set the reference/base price.
🔹Liquidation Price Calculator
Liquidation Price Calculator: Toggles the visibility of the calculator. Details and assumptions made during the calculations are stated in the tooltip of the option.
Entry Price: The option where to set the entry price, a value of 0 will use the current closing price. Details are given in the tooltip of the option.
Leverage: The option where to set the leverage value.
Show Calculated Liquidation Prices on the Chart: Toggles the visibility of the liquidation prices on the price chart.
🔹Dashboard
Show Bar Statistics: Toggles the visibility of the last bar statistics.
🔹Others
Liquidations Meter Text Size: Liquidations Meter text size.
Liquidations Meter Offset: Liquidations Meter offset.
Dashboard/Calculator Placement: Dashboard/calculator position on the chart.
Dashboard/Calculator Text Size: Dashboard text size.
🔶 RELATED SCRIPTS
Here are some of the scripts that are related to the liquidation and liquidity concept, for more and other conceptual scripts you are kindly invited to visit LuxAlgo-Scripts .
Liquidation-Levels
Liquidations-Real-Time
Buyside-Sellside-Liquidity
Automated Algorithmic Trading System with RP DetectionFirst, we use a calculation of "higher highs" and "lower lows" price channels, which we see represented on the chart in purple. These channels provide us with a broad view that helps us identify on the chart where the price has reached significantly higher levels than before during a specific period and lower points than previous levels. As we observe, a channel forms, and when the price approaches or touches this channel initially, it reacts violently. But this is where the magic begins, as we will use these as areas of significant reversal, although they won't be the only filter, as we will need confluence with other patterns once we are in areas of significant reversal to make a buying or selling decision.
Secondly, the algorithm uses a fundamental and precise calculation as it shows us the most important support and resistance levels of the asset, which we observe in two ways on the chart. First, supports are represented in a blue block, and resistances in a red block. These are also grouped in a table by default in the last 5 days, although we can modify these calculations according to our needs in the indicator's configuration.
In addition, our algorithm performs a special calculation of a rational quadratic kernel, estimating the price regression function. This provides us with a clear idea of where the price of the asset is heading and its trend. This channel is always calculated and working optimally within the "higher highs" and "lower lows" channel we reviewed a moment ago, and it provides us with a macro view of the price.
Now, the algorithm uses this last quadratic microchannel to give us some reversal signals within this same microchannel that can be utilized by us for precise scalping entries. Considering the following, as we visualize on the chart:
First, we will explain the Reversal signals. At the top of our quadratic microchannel, the first automated signal is generated, which we will observe as a Reversal and is represented by a parachutist. This occurs when the price breaks the upper microchannel, and we expect a price pullback. A piece of advice: if we are in a resistance area, the price will have more strength to return to the microchannel zone, allowing us to take a short position.
On the other hand, as observed on the chart, the same reversal signal represented by an airplane is generated when there is a downward price break of the microchannel, which makes us expect a pullback back to the channel. In case we are in a support zone, the price's return will gain more strength, enabling us to enter a long position.
As we see in the chart, we have two other types of signals with very complex calculations that the algorithm detects, alerting us about price reversals. The first reversal patterns are shown visually as purple and green flags and are executed when there is a change in the price structure and the price reversal within the microchannel is confirmed. This allows us to have buy and sell operations. The second signals are shown visually as Bear Pattern and Bull Pattern, confirming a pattern when the price does not fall (for bulls) or rise (for bears) below or above a specific level after detecting the "hook." This is explained subtly, as the calculation is very complex, but the effectiveness of these reversals is impressive for working with pullbacks within the microchannel.
Now, let's explain how the grand signal is generated through confluences from all the algorithmic calculations of the indicator:
First, the buy signal is generated when we observe that the Quadratic Channel crosses down our "higher highs" and "lower lows" channel, meaning there is now a cross between channels, and at the same time, we are in a Support Zone. At this moment, when these three confluences are met, it will send us the buy alert that we visually observe as a pile of bills.
Similarly, for the sell signal, it is generated when we observe that the Quadratic Channel crosses up our "higher highs" and "lower lows" channel, meaning there is now a cross between channels, and at the same time, we are in a Resistance Zone. At this moment, when these three confluences are met, it will send us the sell alert that we visually observe as an explosion.
These grand confluence signals are usually of the day trading type since they will be executed in a significant move.
All our indicators come with two types of alerts to automate our trading. The first type of alert will notify us on our devices when a signal of interest occurs on the chart, previously configured by us.
The second type is configured to make our indicators work for us without the need to be present on the chart. This is done with a special programming within the indicator's code, and it will execute automatic buys and sells on our preferred exchange through an alert configured for the 3Commas bot. It will only be necessary to enter our Bot number or Bot ID provided by the 3Commas provider and insert it into the alert. All premium indicators have an explanation in their configuration that will detail where to enter your Bot ID.
ESPAÑOL:
Primero, usamos un cálculo de Canales de Precios "altos mas altos" y "bajos mas bajos", que vemos representados en el gráfico en color morado. Estos canales nos otorgan una amplia visión que nos ayuda a identificar en el gráfico dónde el precio ha alcanzado niveles significativamente más altos que los anteriores durante un período específico y puntos más bajos que los anteriores. Como observamos, se forma un canal en el que, en primer instancia, cuando el precio se acerca o toca este canal, reacciona violentamente. Pero es aquí donde comienza la magia, ya que los usaremos como zonas de gran reversión, aunque no serán el único filtro, ya que necesitaremos que exista confluencia con otros patrones una vez estemos en zonas de gran reversión para tomar una decisión de compra o venta.
En segunda instancia, el algoritmo utiliza un cálculo fundamental y preciso ya que Nos muestra los soportes y resistencias más importantes del activo, que observamos de dos maneras en el gráfico. Primero, están representados en un bloque azul los soportes y en un bloque rojo las resistencias. Estos también se agrupan en una tabla por orden de importancia por defecto en los últimos 5 días, aunque estos cálculos los podremos modificar de acuerdo a nuestras necesidades en la configuración del indicador.
adicional nuestro algoritmo realiza un cálculo especial de un kernel cuadrático racional, que estima la función de regresión del precio. Esto nos proporciona una idea clara de hacia dónde va el precio del activo y su tendencia. Este canal siempre está calculado y trabajando de manera óptima dentro del otro canal de "altos mas altos " y "bajos mas bajos" que revisamos hace unos momentos, y que nos brinda una visión macro del precio.
Ahora bien, el algoritmo utiliza este último micro canal cuadrático para darnos algunas señales de reversión dentro de este mismo micro canal que pueden ser aprovechadas por nosotros para hacer entradas precisas y del tipo scalping. Considerando lo siguiente, como visualizamos en el gráfico:
Primero, explicaremos las señales de Reversión en la parte alta de nuestro micro canal cuadrático, se genera la primera señal automatizada que observaremos como Reversión y está representada con un paracaidista. Esto ocurre cuando el precio rompe el micro canal alto, y esperamos que se genere un pullback del precio. Un consejo: si estamos en un área de resistencia, el precio tendrá más fuerza para regresar a la zona del micro canal, lo que nos permitirá tomar una posición corta.
Por otro lado, como observamos en el gráfico, la misma señal de reversión representada por una avioneta se genera cuando hay una ruptura del precio hacia abajo del micro canal, lo que nos hace esperar un pullback de retorno al canal. En caso de que estemos en una zona dentro del soporte, el retorno del precio tomará más fuerza, permitiéndonos obtener una entrada larga.
Como vemos en el gráfico, tenemos otros dos tipos de señales con cálculos muy complejos que el algoritmo detecta, avisándonos sobre las reversiones del precio. Los primeros patrones de reversión se muestran visualmente como banderas moradas y verdes y se ejecutan cuando hay un cambio en la estructura del precio y se confirma la reversión del precio dentro del micro canal. Esto nos permite tener operaciones de compra y venta. Las segundas señales se muestran visualmente como Bear Pattern y Bull Pattern, confirmando un patrón cuando el precio no vuelve a caer (para alcistas) o subir (para bajistas) por debajo o por encima de un nivel específico después de detectar el "gancho". Esto está explicado de manera sutil, ya que el cálculo es muy complejo, pero la efectividad de estas reversiones es impresionante para trabajar con pullbacks dentro del micro canal.
ahora bien vamos a explicar como se genera la gran señal por confluencias por todos los calculos algoritmicos del indicador:
primero la señal de compra se generá Cuando observamos que el Canal Cuadrático cruza hacia abajo nuestro Canal de bajos mas bajos, es decir ahora hay un cruce entre canales y al mismo tiempo nos encontramos en una Zona de Soporte, en este momento al cumplirse estas tres confluencias nos enviará la alerta de compra que observamos visualmente como un cumulo de billetes.
asi mismo para la venta se generá Cuando observamos que el Canal Cuadrático cruza hacia arriba nuestro Canal de altos mas altos, es decir ahora hay un cruce entre canales y al mismo tiempo nos encontramos en una Zona de Resistencia, en este momento al cumplirse estas tres confluencias nos enviará la alerta de venta que observamos visualmente como una explosión.
estas grandes señales por confluencia suelen ser del tipo day trading ya que se ejecutarán en un gran movimiento.
Todos nuestros indicadores cuentan con dos tipos de alertas para automatizar nuestro trading. El primer tipo de alerta nos avisará en nuestros dispositivos cuando ocurra alguna señal en el grafico y que sea de nuestro interes previamente configurada por nosotros.
La segunda está configurada para que nuestros indicadores trabajen para nosotros sin necesidad de estar presentes en el gráfico, esto con una programacion especial dentro del codigo del indicador y que hará por nosotros compras y ventas automáticas en nuestro Exchange de preferencia mediante una alerta configurada para el bot 3Commas, solo bastará con que pongamos nuestro numero de Bot o Bot ID que da el provedoor de 3Commas y lo insertemos en la alerta, todos los indicadores premium tienen en su configuracion una explicacion que te indicará detalladamente donde poner tus Bot ID.
ai.1ai.1 = All in One indicator
"ai.1" is a high probability low risk predictive oscillator based on various well known indicators "All in One". I wanted to be able to get an equal output result for a multiple trading metrics comparison. I wanted to see what all market participants see, because all market participants look at charts in different ways with different indicators. By combining these well known trading indicators into the same scale I get a comprehensive view of the market as it is, not just through one prism.
The ai.1 indicator uses Stochastic and/or Moving Average Convergence Divergence formulas to visualize: Relative Strength Index, Commodity Channel Index, Money Flow Index, True Strength Index, Momentum, Average True Range, Standard deviation, Accumulation Distribution Index, Price Volume Trend, Positive Volume Index and/or On Balance Volume in a standard type of appearance.
1) MACD: Moving Average Convergence Divergence reveals changes in the strength, direction, momentum, and duration of a trend in a stock's price.
2) Stoch: Stochastic is a technical indicator widely used in short-term trend analysis of futures and stock markets. Stochastic is calculated with the lowest and highest by a formula of 100.
3) RSI: Relative Strength Index is calculated from the upward and downward price changes.
4) CCI: The Commodity Channel Index is calculated as the difference between the typical price of a commodity and its simple moving average, divided by the mean absolute deviation of the typical price.
5) MFI: The Money Flow Index is a technical oscillator that uses price and volume for identifying overbought or oversold conditions in an asset.
6) TSI: True Strength Index uses moving averages of the underlying momentum of a financial instrument.
7) MOM: Momentum is simply the difference of the source price and price length.
8) ATR: Average True Range measures the range between high and low.
9) STDV: Standard deviation is the statistical measure of market volatility, measuring how widely prices are dispersed from the average price. If prices trade in a narrow trading range, the standard deviation will return a low value that indicates low volatility.
10) AD: Accumulation Distribution Index is a cumulative indicator that uses volume and price to assess whether a stock is being accumulated or distributed.
11) PVT: Price Volume Trend uses the cumulative volume and price change.
12) PVI: Positive Volume Index compares the previous volume flow with the current volume.
13) OBV: On Balance Volume is the cumulative volume change.
To be able to merge these formulas I had to normalize the math into 1 scale. I did this by using Stochastic and then converting that by its historical minimum and maximum. The normalized output scale range for ai.1 is -100 to 100.
100 = overbought
-100 = oversold
MACD is a unique scale with neutral zero.
Stochastic is a 0-100 scale.
Relative Strength Index is a 0-100 scale.
Commodity Channel Index is generally a -400<400 scale with neutral zero.
Money Flow Index is a 0-100 scale.
True Strength Index is a unique scale with neutral zero.
Momentum is a unique scale with neutral zero.
Average True Range is a unique scale.
Standard deviation is a unique scale.
Accumulation Distribution Index is a unique scale.
Price Volume Trend is a unique scale.
Positive Volume Index is a unique scale.
On Balance Volume is a unique scale.
Everything in between is either bullish or bearish.
Rising = bullish
Falling = bearish
crossover = bullish
crossunder = bearish
cross = anticipation of the next cross direction
convergence = direction change
divergence = momentum
*Represents a how to use tooltip*
The default input settings / style:
Source = ohlc4
7 = K length, *Stochastic length*
3 = D smoothing, *smoothing length*
6 = MACD-ai.1 fast, *fast length line*
color = blue
13 = MACD-ai.1 slow, *slow length line*
color = white
4 = MACD-ai.1 signal, *histogram length*
color rising above 0 = bright green
color falling above 0 = dark green
color falling below 0 = bright red
color rising below 0 = dark red
2 = Stretch, *Output multiplier for MACD-ai.1 visual expansion*
1 = MA, *moving average of ALL or Choice Type ai.1-lines*
MACD-ai.1 variable choice / Choice type ai.1-line:
RSI *Relative Strength Index*
CCI *Commodity Channel Index*
MFI *Money Flow Index*
TSI *True Strength Index*
MOM *Momentum*
ATR&STDV *weighted average True Range & Standard Deviation*
ATR *True Range*
STDV *Standard Deviation*
PVT *Price Volume Trend*
PVI *Positive Volume Index*
OBV *On Balance Volume*
AD *Accumulation Distribution*
ALL *Weighted average of all*
ALLP *Weighted average of all price based*
ALLV *Weighted average of all volume based*
MACD-ai.1 price label / text color
crossover = green label / black text
crossunder = red label / white text
MACD-ai.1 price label on / off
*unchecked off/ checked on*
label decimal place: 2
*example: use 0 for a round number, use 4 for Forex*
long MACD-ai.1 crossover = green tiny circle
short MACD-ai.1 crossunder = red tiny circle
bullish rising green tiny dot
bearish falling red tiny dot
All ai.1-line = weighted average of all metrics
All cross oversold / overbought levels
*values used to trigger a label or character print*
oversold = -65 green tiny circle
extreme oversold = -85 green small circle
overbought = 65 red tiny circle
extreme overbought = 85 red small circle
All ai.1-line extreme cross price label on / off
All ai.1-line cross price label on / off
All ai.1-line reversal price label on / off
*unchecked off/ checked on*
ai.1-lines variable choice:
RSI *Relative Strength Index*
CCI *Commodity Channel Index*
MFI *Money Flow Index*
TSI *True Strength Index*
MOM *Momentum*
ATR&STDV *weighted average True Range & Standard Deviation*
ATR *True Range*
STDV *Standard Deviation*
PVT *Price Volume Trend*
PVI *Positive Volume Index*
OBV *On Balance Volume*
AD *Accumulation Distribution*
ALL *Weighted average of all*
ALLP *Weighted average of all price based*
ALLV *Weighted average of all volume based*
Choice Type ai.1-line cross oversold / overbought levels
*values used to trigger a label or character print*
oversold = -70 green tiny circle
extreme oversold = -90 green small circle
overbought = 70 red tiny circle
extreme overbought = 90 red small circle
Choice Type ai.1-line extreme cross price label on / off
Choice Type ai.1-line cross price label on / off
Choice Type ai.1-line reversal price label on / off
*unchecked off/ checked on*
Horizontal lines:
100 white
75 red
50 yellow
25 purple
0 white
-25 blue
-50 orange
-75 green
-100 white
Example screenshots of various ways to view ai.1 indicator depending on your preferred settings:
MACD-ai.1 with price labels and All ai.1-line output with directional color:
RSI ai.1-line blue with AD ai.1-line white
MACD-ai.1 fast, slow lines w/ signal histogram
long MACD-ai.1 crossover = green tiny circle
short MACD-ai.1 crossunder = red tiny circle
bullish rising green tiny dot
bearish falling red tiny dot
ATR&STDV ai.1-line with directional color:
All ai.1-line output with directional color & extreme overbought / oversold points:
All price ai.1-line purple with All volume ai.1-line orange
The ai.1 indicator can be used independently by itself or in conjunction with your favorite indicator to compare and contrast the accuracy for a trade setup entry and/or exit. The ai.1 indicator can be used on all time frames from 1 minute to 1 month etcetera. However, the default length settings are fine tuned & quick reacting for trading in real time. So, you can make it slower by adjusting the length larger to fit your trading or investing time frame. But I would not tinker with the default length settings without validating its output by back testing it on each specific time frame.
Different time frame snapshot examples:
EUR/USD 1hr chart:
BTC/USD 1 day chart:
ES1! 2 week chart:
TSLA 2 day chart:
Machine Learning: VWAP [YinYangAlgorithms]Machine Learning: VWAP aims to use Machine Learning to Identify the best location to Anchor the VWAP at. Rather than using a traditional fixed length or simply adjusting based on a Date / Time; by applying Machine Learning we may hope to identify crucial areas which make sense to reset the VWAP and start anew. VWAP’s may act similar to a Bollinger Band in the sense that they help to identify both Overbought and Oversold Price locations based on previous movements and help to identify how far the price may move within the current Trend. However, unlike Bollinger Bands, VWAPs have the ability to parabolically get quite spaced out and also reset. For this reason, the price may never actually go from the Lower to the Upper and vice versa (when very spaced out; when the Upper and Lower zones are narrow, it may bounce between the two). The reason for this is due to how the anchor location is calculated and in this specific Indicator, how it changes anchors based on price movement calculated within Machine Learning.
This Indicator changes the anchor if the Low < Lowest Low of a length of X and likewise if the High > Highest High of a length of X. This logic is applied within a Machine Learning standpoint that likewise amplifies this Lookback Length by adding a Machine Learning Length to it and increasing the lookback length even further.
Due to how the anchor for this VWAP changes, you may notice that the Basis Line (Orange) may act as a Trend Identifier. When the Price is above the basis line, it may represent a bullish trend; and likewise it may represent a bearish trend when below it. You may also notice what may happen is when the trend occurs, it may push all the way to the Upper or Lower levels of this VWAP. It may then proceed to move horizontally until the VWAP expands more and it may gain more movement; or it may correct back to the Basis Line. If it corrects back to the basis line, what may happen is it either uses the Basis Line as a Support and continues in its current direction, or it will change the VWAP anchor and start anew.
Tutorial:
If we zoom in on the most recent VWAP we can see how it expands. Expansion may be caused by time but generally it may be caused by price movement and volume. Exponential Price movement causes the VWAP to expand, even if there are corrections to it. However, please note Volume adds a large weighted factor to the calculation; hence Volume Weighted Average Price (VWAP).
If you refer to the white circle in the example above; you’ll be able to see that the VWAP expanded even while the price was correcting to the Basis line. This happens due to exponential movement which holds high volume. If you look at the volume below the white circle, you’ll notice it was very large; however even though there was exponential price movement after the white circle, since the volume was low, the VWAP didn’t expand much more than it already had.
There may be times where both Volume and Price movement isn’t significant enough to cause much of an expansion. During this time it may be considered to be in a state of consolidation. While looking at this example, you may also notice the color switch from red to green to red. The color of the VWAP is related to the movement of the Basis line (Orange middle line). When the current basis is > the basis of the previous bar the color of the VWAP is green, and when the current basis is < the basis of the previous bar, the color of the VWAP is red. The color may help you gauge the current directional movement the price is facing within the VWAP.
You may have noticed there are signals within this Indicator. These signals are composed of Green and Red Triangles which represent potential Bullish and Bearish momentum changes. The Momentum changes happen when the Signal Type:
The High/Low or Close (You pick in settings)
Crosses one of the locations within the VWAP.
Bullish Momentum change signals occur when :
Signal Type crosses OVER the Basis
Signal Type crosses OVER the lower level
Bearish Momentum change signals occur when:
Signal Type crosses UNDER the Basis
Signal Type Crosses UNDER the upper level
These signals may represent locations where momentum may occur in the direction of these signals. For these reasons there are also alerts available to be set up for them.
If you refer to the two circles within the example above, you may see that when the close goes above the basis line, how it mat represents bullish momentum. Likewise if it corrects back to the basis and the basis acts as a support, it may continue its bullish momentum back to the upper levels again. However, if you refer to the red circle, you’ll see if the basis fails to act as a support, it may then start to correct all the way to the lower levels, or depending on how expanded the VWAP is, it may just reset its anchor due to such drastic movement.
You also have the ability to disable Machine Learning by setting ‘Machine Learning Type’ to ‘None’. If this is done, it will go off whether you have it set to:
Bullish
Bearish
Neutral
For the type of VWAP you want to see. In this example above we have it set to ‘Bullish’. Non Machine Learning VWAP are still calculated using the same logic of if low < lowest low over length of X and if high > highest high over length of X.
Non Machine Learning VWAP’s change much quicker but may also allow the price to correct from one side to the other without changing VWAP Anchor. They may be useful for breaking up a trend into smaller pieces after momentum may have changed.
Above is an example of how the Non Machine Learning VWAP looks like when in Bearish. As you can see based on if it is Bullish or Bearish is how it favors the trend to be and may likewise dictate when it changes the Anchor.
When set to neutral however, the Anchor may change quite quickly. This results in a still useful VWAP to help dictate possible zones that the price may move within, but they’re also much tighter zones that may not expand the same way.
We will conclude this Tutorial here, hopefully this gives you some insight as to why and how Machine Learning VWAPs may be useful; as well as how to use them.
Settings:
VWAP:
VWAP Type: Type of VWAP. You can favor specific direction changes or let it be Neutral where there is even weight to both. Please note, these do not apply to the Machine Learning VWAP.
Source: VWAP Source. By default VWAP usually uses HLC3; however OHLC4 may help by providing more data.
Lookback Length: The Length of this VWAP when it comes to seeing if the current High > Highest of this length; or if the current Low is < Lowest of this length.
Standard VWAP Multiplier: This multiplier is applied only to the Standard VWMA. This is when 'Machine Learning Type' is set to 'None'.
Machine Learning:
Use Rational Quadratics: Rationalizing our source may be beneficial for usage within ML calculations.
Signal Type: Bullish and Bearish Signals are when the price crosses over/under the basis, as well as the Upper and Lower levels. These may act as indicators to where price movement may occur.
Machine Learning Type: Are we using a Simple ML Average, KNN Mean Average, KNN Exponential Average or None?
KNN Distance Type: We need to check if distance is within the KNN Min/Max distance, which distance checks are we using.
Machine Learning Length: How far back is our Machine Learning going to keep data for.
k-Nearest Neighbour (KNN) Length: How many k-Nearest Neighbours will we account for?
Fast ML Data Length: What is our Fast ML Length? This is used with our Slow Length to create our KNN Distance.
Slow ML Data Length: What is our Slow ML Length? This is used with our Fast Length to create our KNN Distance.
If you have any questions, comments, ideas or concerns please don't hesitate to contact us.
HAPPY TRADING!
itradesize /\ Previous HTF x OHLC Box
FYI: It is an invite-only script, if you are interested in, please scroll down to see the Author's instructions.
Introducing an indicator which inspired by ICT concepts that use a model, based on what TTrades teaches in some of his DOL videos about how to get a proper bias.
Having a daily bias can be frustrating and this script could make it easy for you besides creating a ton of opportunities for scalpers as well as not only helpful for a daily bias, it can also help you to determine the actual H4 or H1 bias or even lower.
Always keep in mind: the higher the timeframe you use, the more accurate it can be.
You can use OHLC to determine the current or higher time frame bias as it can be used on any of them and properly gain a sentiment of a drawn of liquidity.
This model integrates the previous candle's open, high, low, and close values (or open, low, high close) in addition to their equilibrium to make it easier to identify where the price should go moreover they can be used as reference points for potential trading opportunities.
The 50% also known as equilibrium creates premium and discount zones within the previous candles. Using the former higher timeframe candle’s OHLC you can simply have an external range of liquidity and where the current price should it drawn to.
With this tool, you can achieve a proper trading framework as you can easily recognize the external & internal range of liquidity, so whether you are a scalper or a day trader you are able to rely on the indicator.
A bit of a candlestick analysis:
When the price wicks below means a potential bullish reversal is incoming.
When the price wicks above, then it means a potential bearish reversal is happening.
Closing below means lower prices. (Bearish trend)
Closing above means higher prices. (Bullish trend)
This indicator is an absolute monster for the OHLC guys.
How to use it?
- Analyse the trend on the higher timeframe, bullish trend is when the price continuously takes the previous candle’s high over and over again. Bearish trend is the total opposite.
- Wait for external liquidity to be taken.
- When it's happening there should be a displacement back to the range with an actual structure shift.
- Looking for an imbalance in the displacement.
- Aiming for an imbalance that is above 50% of the former move.
- Aggressive stop: below or above the candle which has an imbalance
- Conservative stop: below or above the former swing
Classic sell setup:
Classic buy setup:
The indicator has a ton of customizable features, the power of the tool is really in there, as you can find or refine your own model with it. Once you're familiar with your setup you will be really feeling the power of the tool, I promise.
Indicator Features:
• M5/M15/H1/H4/D Time frames
• OHLC bar with an offset (you can have a look at the current HTF bar developing or you can use it as a locked previous bar)
• Current time frame OHLC / OLHC box with extended lines to the current time
• Showing the previous time frame OHLC / OLHC box with extended lines and the ability to add labels. The color of the OHLC or OLHC box is based on the candle closing. If it's a bear candle, if it's a bull candle.
• Previous high time frame open / close lines with labels, customisable colours, label sizes
• It has a lot of customisable features, the power of the tool is really in there as you can find or refine your own model with it.
• Every box and bar automatically switches its colors based on the close of the candle whether it's a bear or a bull candle.
• The color of the labels is switching automatically based on the coloring of your chart.
• You can customize each and every box color - OHLC/OLHC based on your taste, and the open and closing lines of the previous HTF.
Additional Information:
You can combine it with my own model. If you are not familiar with it, you can find here .
Or you can combine it with other frameworks for extra confluences like combining it with Daye’s QT in some simple equation:
Open → Q1 , High → Q2, Low → Q3, Close → Q4
Open → Q1, Low → Q2, High → Q3, Close → Q4
Strong Pullback Indicator [Rami_LB]Strong Pullback Indicator
Description:
The Strong Pullback Indicator is designed to identify potential pullbacks or even trend reversals by utilizing a specific candlestick pattern in conjunction with the Relative Strength Index (RSI). It is advised to employ this indicator in chart intervals of 15 minutes or higher, as intervals below 15 minutes may generate excessive false signals.
Working Mechanism:
Upon detecting the designated candlestick pattern, the indicator examines whether any of the last five candles exhibit RSI values below 30 or above 70 across at least four distinct time intervals, depending on whether the pattern is bullish or bearish. The RSI calculations incorporate eight different intervals: 1 minute (1m), 5 minutes (5m), 15 minutes (15m), 30 minutes (30m), 1 hour (1h), 2 hours (2h), 4 hours (4h), and 1 day (1d). An arrow is rendered above or below the current candle only when these conditions are met.
Users have the option to adjust the number of overbought or oversold intervals, as well as the general settings for the RSI.
SL/TP Lines:
The indicator can also serve as a trade signal to initiate trades in the opposite direction. To evaluate the potential success of a trade in a backtesting scenario, SL (Stop Loss) and TP (Take Profit) lines can be displayed on the chart. The SL is calculated by taking the distance from the close of the current candle to the high/low of the previous candle and multiplying it by 2.
In the settings, you can alter the Risk Reward Ratio (RRR) of the trade. Given the pullback nature of this indicator, a RRR of 1:1 is deemed logical, thus set as the default value.
Bullish vs. Bearish Candle Counter:
An additional feature of this indicator is its ability to analyze the last 100 candles to ascertain the ratio of bullish to bearish candles. When a 60% threshold is reached, the chart background color alters accordingly. This feature was conceived after a thorough analysis of over 50,000 candles of a currency pair revealed nearly identical counts of bullish and bearish candles, suggesting a market tendency to maintain this balance.
Within the settings, you have the flexibility to modify the number of candles to be analyzed and the percentage threshold for each candle type.
Should you have any ideas on how to enhance the accuracy of this indicator, or suggestions for other indicators that could improve the signals, feel free to leave a comment.
Trend Gaussian Channels [DeltaAlgo]This Script Introduces The Use Of The Gaussian Channel Concepts
This indicator consists of three lines: a central line that represents the moving average, and an upper and lower band that represent the volatility of the price movements.
The Gaussian channels is a concept consists of an upper & lower bands along with the basis; the mid band. The use of the Gaussian bands are simple, as described below.👇
Use Case:
There are many ways the Gaussian channel indicator can be used!
1. Look for the price to touch or cross the upper/lower bands of the Gaussian Channel Indicator. This indicates that the price has reached an high level of volatility. a reversal or correction may be imminent.
2. Wait for confirmation of the potential reversal or correction. This can be in the form of a bearish or bullish candlestick pattern, or a signal from another technical indicator.
a. For this reason I have implemented some signals that indicate trend shifts & candle colors to clearly display the switching between a bullish sentiment or bearish.
3. Enter a trade in the direction of the reversal or correction. For example, if the price touches the upper band and a bearish candlestick pattern occurs or if you get a bearish signal, enter a short trade. If the price touches the lower band and indicates bullish candlestick pattern or bullish signal, enter a long trade.
Sometimes this band can act as a support & resistance, THIS is not always the case as it is not meant to be used as support & resistance.
US Market Strength IndexIntro:
It is quite a task to track multiple Indices and market internals to decide which way markets are going, especially when you are in a Trade. You may also get conflicting signals making it harder to confidently decide on your trade bias.
US Market Strength Index a.k.a. US MSI indicator aims to simplify decision-making by coloring the lower panel Green when a majority of market participants are bullish and Red when they are bearish. The code analyses the direction and strength of various US indices & market internal futures contracts to decide the color. The shade of color also changes from Dark to Bright when the momentum is relatively strong. A weighted score is assigned to individual contracts and the color (& shade) are selected based on average score in real-time, for changes in direction and momentum.
A Futures contract provides a proxy and generates price & volume data to analyze the direction and strength. Also, they are traded by sophisticated market participants for about 23 hours a day!
Trading with the general market sentiment in your favor can potentially improve a trade's edge. For example, if various market indices (DOW JONES, S&P 500, NASDAQ, etc.) are positive; bullish, or LONG trades might work out in individual stocks. This may occur due to the following reasons:
Seeing prices rise, Sellers may choose to Sell at Higher prices
Buyers might be attracted to buy into stocks, as the prices are trending higher
SHORT sellers might get cautious of rising prices and may not Open SHORT positions until the current bullish sentiment dies off
Existing SHORT sellers may close their positions due to margin squeeze, possibily fueling more buying
The same logic applies when the market indices are in the negative territory, SHORT trades may have a higher probability of working out.
Features:
The bright Green color in the lower panel indicates a strong bullish market strength
The dark Green color in the lower panel indicates bullish market strength, but a relatively weaker
The bright Red color in the lower panel indicates a strong bearish market strength
The dark Red color in the lower panel indicates bearish market strength, but a relatively weaker
Basic Set-Up:
Add the Indicator to the chart
You can change the default colors for Market Bearish, Market Bullish, Market Bearish weak, and Market Bullish weak
Important Notes:
You should analyze the stock’s technical data and use prudent risk management for every trade. Trade entries and exits should always be based on the symbol you are trading.
Use the US Market Strength Index as one of the factors to decide your trade bias and filter symbols that support your analysis.
Just because Indices and Market Internals point in a certain direction, it does not guaranteed that a stock could behave the same way.
Also, since this script uses futures contracts, you would need real-time futures data subscription for real-time analysis. At the minimum, you need CME/ CBOE exchange data.
This tool is suited for US Regular Trading Session, but since the US MSI is using futures contracts, the tool tracks pre- and post-market sentiment as well.
YD_Divergence_RSI+CMFThe ‘YD_Divergence_RSI+CMF’ indicator can find divergence using RSI (Relative Strength Index) and CMF (Chaikin Money Flow) indicators.
📌 Key functions
1. Search pivot high and pivot low points in a certain length of price.
2. Connect pivot high to pivot high , pivot low to pivot low , forming two standards for divergence in result.
The marker then plots only the higher high, lower low lines.
(higher low and lower high in prices are referred to hidden divergence, which are not considered in this indicator)
3. Compare the two standards with RSI and CMF indicators, send an alert if there is a divergence. As a result, the indicator will find four combination of divergence.
A. Higher high price / Lower RSI (Bearish RSI Divergence)
B. Lower low price / Higher RSI (Bullish RSI Divergence)
C. Higher high price / Lower CMF (Bearish CMF Divergence)
D. Lower low price / Higher CMF (Bullish CMF Divergence)
📌 Details
Developing the indicators, we put a lot of effort in making a customizable and user-friendly interface.
#1. Pivot Setting
Users can set the length to find the pivot high / pivot low in ‘Pivot Settings – Pivot Length.’
Increased pivot Length takes more candles to interpret the chart but reduce false signals since the it uses only the most certain pivot high / pivot low values. Obviously, decreased pivot length will act the opposite.
Users can choose whether to use ‘High/Low’ or ‘Close’ in ‘Pivot Reference’ to set the swing point of prices.
Users can also choose whether to display the pivot high / pivot low marker on the chart.
#2 RSI & CMF Settings
Users can adjust the length of RSI & CMF separately. (The default values are set to 14 and 20 each.)
#3 Label Setting
Users can adjust the text displayed on the chart label. (The default values is set to ‘Bullish / Bearish’, ‘RSI/CMF’, ‘Divergence’.)
Users can reduce the length of text label or simply turn the label off. Just click the ‘Bull/Bear’ or ‘None’ button. ‘Divergence’ works the same.
Users can decide whether to display the ‘Divergence Line and Label’, set custom settings for the label and line. (color, thickness, style, etc)
📌 Alert
Alert are provided as a combination of the chart's symbol and the set label text. For example,
‘BINANCE:BTCUSDT.P, Bullish RSI Divergence’
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"YD_Divergence_RSI+CMF" 지표 는 RSI와 CMF 지표를 이용해서 Divergence 를 찾아낼 수 있습니다.
📌 주요 기능
1. 정해진 가격 움직임 안에서 pivot high와 pivot low 포인트 를 찾아냅니다.
2. Pivot high로만 이어진 라인과, Pivot low로만 이어진 두 라인을 작도한 뒤 divergence의 기준으로 삼습니다.
이 지표에서는 normal divergence만 사용하기 때문에 차트에 higher high와 lower low만 표기 합니다.
(higher low와 lower high는 hidden divergence로 정의되며, 이 지표에서는 다루지 않습니다.
3. 두 기준선과 RSI, CMF 지표를 각각 비교하고, 결과적으로 4개의 조합을 구할 수 있습니다.
A. Higher high price / Lower RSI (Bearish RSI Divergence)
B. Lower low price / Higher RSI (Bullish RSI Divergence)
C. Higher high price / Lower CMF (Bearish CMF Divergence)
D. Lower low price / Higher CMF (Bullish CMF Divergence)
📌 세부 사항
지표를 개발하며 사용자들이 원하는 방향으로 지표를 설정할 수 있게 작업에 많은 공을 들였습니다. 굉장히 다양한 옵션을 선택할 수 있으며, 원하는 방식으로 지표를 사용할 수 있습니다.
#1 Pivot Setting
Pivot setting에서는 Pivot Length를 변경할 수 있습니다.
Pivot Length를 늘릴 경우, 보다 확실한 Swing High와 Swing Low만을 사용하게 되므로, False signal이 줄어들 수 있습니다. 하지만 Swing High/ Low를 판정하는 데에 더 긴 시간이 걸리게 되므로, Signal이 다소 늦게 발생하는 단점이 생기게 됩니다.
Pivot Length를 줄일 경우, 반대로 Swing High/Low의 판정이 더 빨리 일어나기 때문에, Signal을 거래에 이용하기는 좋을 수 있습니다. 다만, Swing High와 Low가 훨씬 더 잦은 빈도로 발생하기 때문에 False Signal을 줄 가능성이 높아집니다.
Pivot Reference에서는 가격의 Swing Point를 설정함에 있어, High/Low(고가/저가)를 이용할 지 Close (종가)를 이용할 지 선택할 수 있습니다.
Pivot High/Low Marker를 선택할 경우 Pivot High/ Low에 Marker가 찍히게 됩니다.
#2 RSI와 CMF Setting
RSI와 CMF Setting에서는 RSI와 CMF의 길이를 각각 설정할 수 있습니다. 기본값은 14와 20으로 설정되어 있습니다.
#3 Label Setting
Label Setting에서는 Label에 표시되는 글자를 선택할 수 있습니다.
기본값은 "Bullish / Bearish", "RSI/CMF", "Divergence"로 선택되어 있으며, 너무 길다고 느껴질 경우 "Bull/Bear" 혹은 "None"을 클릭하여 길이를 줄일 수 있습니다. 마찬가지로 Divergence의 경우도 생략이 가능합니다.
하단에서는 Divergence Line과 Label을 켜고 끌 수 있으며, 선의 색깔, 굵기, 종류, 그리고 Label의 색깔, 크기, 종류를 선택할 수 있습니다. Label의 Text 색 역시 변경이 가능합니다.
📌 얼러트
얼러트는 자신이 설정한 차트의 심볼과 Label의 문구의 조합으로 제공되며 예를 들면 다음과 같습니다.
"BINANCE:BTCUSDT.P, Bullish RSI Divergence"
TPG.Buy sell RSI Scapl XAUThis is a tool that is widely used
Especially for Overbought and Oversold systems, but I have made some changes in this indicator,
How to use it...
I have set it as the default setting
- RSI Length: 6 (<10 for scalping - 5m-15m)
- Overbought: 70
- Oversold: 30
What is unique about this tool?
we can see 3 conditions:
1) RSI Overbought / Oversold with Bullish Engulfing / Bearish Engulfing
2) RSI Overbought / Oversold with Hammer and Shooting Star
3) RSI Overbought / Oversold with 2 Bullish Bars / 2 Bearish Bars
4) RSI Overbought / Oversold with All Patterns at the same time
When the RSI reaches its Oversold line, the code will wait for Bullish Engulfing pattren, when oversold and Bullish engulfing matched, This indicator will generate a buy signal when the condition is met,
and same as for Bear market, When the RSI reaches its Overbought line, the code will wait for Bearish Engulfing pattren, This indicator will generate a sell/exit signal when the condition is met,
2nd condition is that a Hammer candle will be waited for when RSI touches the Overbought line, for Bullish Move
and Shooting Star candle will be waited for when RSI touches the Overbought line, for Bullish Move, for Bearish Move
3rd Condition is also the same as Condition 1 and Condition 2,
When the RSI reaches its Oversold line, the code will wait for 2 Bullish Bars, when oversold and 2 Bullish Bars matched then this indicator will generate a buy signal, and same as for Bear market,
When the RSI reaches its Overbought line, the code will wait for 2 Bearish Bars, when overbought and 2 Bearish Bars matched then this indicator will generate a Sell signal,
4th Condition is that we can use All Conditions at the same time,
- Bullish Engulfing / Bearish Engulfing
- Hammer and Shooting Star
- 2 Bullish Bars / 2 Bearish Bars
