Hybrid Swing/Day Alert System - PLATINUM EditionThis indicator is a complete trading assistant designed for crypto swing and day traders, built to identify high-probability long and short setups based on a multi-confirmation system.
Strategy Logic
The system scans and confirms entries only when 6 major confluences align:
1. EMA Trend: Price is above or below the EMA 9, 21, and 200 (bullish or bearish trend).
2. RSI Zone: RSI(14) is between 40-60 (ideal reversal zone).
3. Volume Confirmation: Volume is declining on pullback and then spikes.
4. Accumulation/Distribution: A/D line rising (for longs) or falling (for shorts).
5. Fibonacci Pullback Zone: Automatic detection of swing high/low and checks if price is inside the golden zone (0.5-0.618).
Built-In Alerts
- Long Setup Confirmed - Short Setup Confirmed - Setup Forming: Monitor
Conclusion
This script is ideal for disciplined traders who value confluence-based entries, risk/reward logic, and trend-aligned trades. Perfect for semi-automated trading via alerts or manual execution.6. Candle Pattern: Bullish (hammer, doji, engulfing) or Bearish (rejection wick, engulfing, doji).
Visual Features
- Long Entry: Green square
- Short Entry: Red triangle
- Pre-Signal Alert: Blue circle (confluence forming)
- Dynamic Table: Displays all 6 confirmations in real time
- Fibonacci Zones: Auto-plotted long/short retracement zones
- Customizable: Turn on/off alerts, overlays, and direction filters
Best Use Cases
- 4H/Daily: Trend confirmation
- 1H: Entry execution
- 15min: Scalping (use cautiously)
- Works great with BTC, ETH, SOL, XAU, and meme coins
在腳本中搜尋"daily"
Multi-Timeframe Closures with Signals month week dayMulti-Timeframe Price Anchoring Indicator (Monthly, Weekly, Daily)
This indicator provides a powerful visual framework for analyzing price action across three major timeframes: monthly, weekly, and daily. It plots the closing prices of each timeframe directly on the chart to help traders assess where current price stands in relation to significant historical levels.
🔍 Core Features:
Monthly, Weekly, and Daily Close Lines: Automatically updated at the start of each new period.
Color-coded Price Anchors: Each timeframe is visually distinct for fast interpretation.
Multi-timeframe Awareness: Helps you identify trend alignment or divergence across different time horizons.
Long & Short Bias Signals: The script can optionally display long or short suggestions based on where the current price stands relative to the anchored closing prices.
📈 How to Use:
Trend Confirmation: If price is consistently above all three levels, it signals a strong bullish trend (potential long bias). If it’s below, the opposite applies (short bias).
Reversal or Pullback Zones: When price becomes extended far above/below the monthly and weekly closes, it may suggest overbought/oversold conditions and the possibility of a reversal or retracement.
Intraday Alignment: Useful for traders who want to enter positions on lower timeframes while being aware of higher timeframe trends.
This indicator is ideal for swing traders, day traders, and position traders who want to anchor their decisions to meaningful multi-timeframe reference points.
Pivot Levels with EMA Trend📌 Trend Change Levels with EMA Trend
✨ Description:
This TradingView script identifies clean trend change levels based on 1-hour structure shifts and filters them to keep only those not invalidated. It follows the "Jake Ricci" method, each level is printed at the beginning of the candle that changes the trend, on a 1 hour chart. For precision, make sure to exclude after/pre market and only use the levels on regular hours charts.
It includes dynamic EMAs (9, 50, 200), intraday VWAP, the daily open level printed, and a visual trend label based on EMA(9) slope.
Designed for intermediate traders, it helps build bias, manage entries, and avoid false setups by focusing on clean, reactive levels that the market respects.
🔧 Core Logic:
On the 1H chart, the script compares current and previous closes to detect trend direction. If the trend flips (e.g., up to down), the open of the candle that caused the flip becomes a candidate level.
Only levels that remain untouched by future candle closes are plotted — this filters out “weak” levels that price already violated (which means, a candle closes after passing through the level).
These levels become key S/R zones and often act as reaction points during pullbacks, traps, and liquidity sweeps.
The idea is to check how the price reacts to those levels. Usually there's a clean retest of the level. After that, if the price continues in that direction, it tends to reach the following level.
🔹 Included Tools:
🟣 Trend Change Levels (1H):
Fixed horizontal lines based on confirmed shifts in trend, shown only when not broken.
📉 EMAs (9 / 50 / 200):
Visibility can be set per timeframe. Use for trend context.
📍 EMA Trend Label:
Shows \"UP\", \"DOWN\", or \"RANGE\" based on EMA(9) slope.
🔵 VWAP (Intraday Reset):
Real-time volume-weighted average price that resets daily. Useful for fair value zones and reversion plays.
🟠 Daily Open Line:
Plot of the current day’s open. Used for intraday directional bias. Usually: DO NOT take longs below the Open Print, DO NOT take shorts above it.
📊 ATR Table:
Displays current ATR multiplier on the chart. It's useful to understand if the market is expanding or not.
📈 How to Use It (Strategy):
1. Start on the 1H chart to generate levels.
Only the open of candles that reversed trend are considered — and only if future candles didn’t close through them. I suggest manually adding horizontal lines to mark again the levels, so that they stick to all the timeframes.
2. Use the trend label to decide your bias — \"UP\" for long setups, \"DOWN\" for shorts. Avoid trading against the slope.
3. Switch to the 5m chart and wait for price to approach a plotted level. These are often used for manipulation, retests, or clean reversals.
4. Look for confirmation: rejection candles, break-and-retest, strong engulfing candles, or traps above/below the level. ALWAYS check the price action around the level, along with the volume.
5. Check if VWAP or an EMA is near the level. If yes, the confluence strengthens the trade idea.
6. Use the ATR value to understand if the market is expanding (candles are bigger than the ATR). You don't want to stay in a slow and ranging trade.
✅ Example Entry Flow:
1. On the 1H chart, note a trend change level printed recently.
2. Check the current trend label — if it says \"UP,\" prefer longs.
3. Wait for price to retrace toward the level.
4. On the 5m, look for a bullish engulfing candle or trap setup at the level.
5. Check if VWAP and EMA(50) are near. If yes, execute the trade.
6. Set stop just under the low of the candle prior to your entry. Ideally, a retracing candle.
To be clear: imaging to be LONG, you wait for a retracement that should touch your level. You wait for a candle that resumes the LONG trend, enter when it breaks the high of the previous candle (sill in retracement), you place your stop under the candle prior to your entry.
Notes:
No repainting — levels only show up after confirmed shifts.
Removes broken levels for chart clarity and reliability.
Helps spot high-probability pullback zones and fakeouts.
Perfect confluence tool to support price action, SMC, or EMA strategies.
Works across multiple timeframes with customizable inputs.
👤 Ideal For:
Intraday traders looking for reactive entry points and direction confirmation.
Swing traders wanting to pinpoint continuation zones or reversal pivots.
🚨 Final Note: This indicator doesn’t generate buy/sell signals. It improves your trade filtering by identifying areas the market already respected and reacting to them with price action. Combine it with your own system , test it in replay, and use screenshots to document setups.
📌 If used with discipline, this becomes a precision tool — not a signal generator.
Mswing HommaThe Mswing is a momentum oscillator that calculates the rate of price change over 20 and 50 periods (days/weeks). Apart from quantifying momentum, it can be used for assessing relative strength, sectoral rotation & entry/exit signals.
Quantifying Momentum Strength
The Mswing's relationship with its EMA (e.g., 5-period or 9-period) is used for momentum analysis:
• M Swing >0 and Above EMA: Momentum is positive and accelerating (ideal for entries).
• M Swing >0 and Below EMA: Momentum is positive but decelerating (caution).
• M Swing <0 and Above EMA: Momentum is negative but improving (watch for reversals).
• M Swing <0 and Below EMA: Momentum is negative and worsening (exit or avoid).
Relative Strength Scanning (M Score)
Sort stocks by their M Swing using TradingView’s Pine scanner.
Compare the Mswing scores of indices/sectors to allocate capital to stronger groups (e.g., renewables vs. traditional energy).
Stocks with strong Mswing scores tend to outperform during bullish phases, while weak ones collapse faster in downtrends.
Entry and Exit Signals
Entry: Buy when Mswing crosses above 0 + price breaks key moving averages (50-day SMA). Use Mswing >0 to confirm valid breakouts. Buy dips when Mswing holds above EMA during retracements.
Exit: Mswing can be used for exiting a stock in 2 ways:
• Sell in Strength: Mswing >4 (overbought).
• Sell in Weakness: Mswing <0 + price below 50-day SMA.
Multi-Timeframe Analysis
• Daily: For swing trades.
• Weekly: For trend confirmation.
• Monthly: For long-term portfolio adjustments.
Liquidity Hunt SwiftEdgeThe "Liquidity Hunt Dashboard By SwiftEdge" indicator is designed to assist traders in identifying potential liquidity zones by placing a dynamic target line based on swing points and weighted liquidity. It leverages technical analysis tools such as SMA (Simple Moving Average), pivot points, and volume to predict market movements and provides daily statistics on hits and success rate. The target line updates automatically when the price hits it, adapting to the market trend (up, down, or neutral). A dashboard displays the current price, target level, prediction, and trend, making it easy to make informed trading decisions.
Features:
Target Line: A yellow dashed line marks the next expected liquidity level (up to approximately 20 pips away on 1m).
Prediction: Displays "Up (Chasing Sell Liquidity)," "Down (Chasing Buy Liquidity)," or "Neutral" based on trend and liquidity.
Daily Statistics: Tracks hits and success rate, resetting daily.
Trend Indicator: Shows market direction ("Up," "Down," or "Neutral") in the dashboard.
Dynamic Updates: The line moves to a new target level when the price hits the current target.
Recommended Settings for 1-Minute Timeframe:
For Indices (e.g., S&P 500):
Lookback Period: 180 (3 hours to capture more stable swing points).
Max Distance (%): 0.015 (approximately 15 pips, suitable for indices).
Cooldown Period: 5 (stabilizes after hits).
Line Duration: 60 (displays the line for 1 hour).
For Crypto (e.g., BTC/USD):
Lookback Period: 120 (2 hours to capture short-term swing points).
Max Distance (%): 0.024 (approximately 20 pips, suitable for volatile crypto markets).
Cooldown Period: 5.
Line Duration: 60.
For Forex (e.g., EUR/USD):
Lookback Period: 180 (3 hours for greater data density in less volatile markets).
Max Distance (%): 0.012 (approximately 10-12 pips, suitable for forex).
Cooldown Period: 5.
Line Duration: 60.
Guide for Higher Timeframes:
This indicator can be adapted for higher timeframes (e.g., 5m, 15m, 1H) by adjusting the settings to account for larger price movements and slower market dynamics. Follow these steps:
Select Your Timeframe: Switch your chart to the desired timeframe (e.g., 5m, 15m, or 1H).
Adjust Lookback Period: Increase the "Lookback Period" to cover a longer historical period. For example:
5m: Set to 360 (equivalent to 6 hours).
15m: Set to 480 (equivalent to 8 hours).
1H: Set to 720 (equivalent to 12 hours).
Adjust Max Distance (%): Higher timeframes require larger targets to account for bigger price swings. For example:
5m: Increase to 0.05 (approximately 50 pips).
15m: Increase to 0.1 (approximately 100 pips).
1H: Increase to 0.2 (approximately 200 pips).
Adjust Cooldown Period: On higher timeframes, you may want a longer cooldown to avoid frequent updates. For example:
5m: Set to 10.
15m: Set to 15.
1H: Set to 20.
Adjust Line Duration: Extend the duration the line is displayed to match the timeframe. For example:
5m: Set to 120 (equivalent to 10 hours).
15m: Set to 240 (equivalent to 60 hours).
1H: Set to 480 (equivalent to 20 days).
Monitor the Dashboard: The dashboard will still show the target level, prediction, and trend, but the values will now reflect the larger timeframe's dynamics.
Usage Instructions:
Set your chart to a 1-minute timeframe (or follow the higher timeframe guide).
Adjust the settings based on the market and timeframe (see recommendations above).
Monitor the dashboard for the current price, target level, and prediction.
Use the yellow line as a potential entry or exit level, and adjust your strategy based on the trend and statistics.
Notes:
This indicator is intended solely for educational and analytical purposes and should not be considered financial advice.
Test the indicator on a demo account before using it with real funds.
The indicator complies with TradingView guidelines by not providing trading advice, automated trading signals, or guarantees of profit.
XAUMOvisionXAUMOvision: T he XAU/USD Composite Correlation Indicator with Weighted Spillover & Dynamic Lines
XAUMOvision is a custom-built trading indicator designed to track the intricate relationship between XAU/USD (Gold) and key economic factors: DXY (US Dollar Index), US Treasury Yields, S&P 500, and Crude Oil. By blending correlation metrics with weighted spillover effects, XAUMOvision offers actionable insights to refine your Gold trading strategy.
Core Features of XAUMOvision
1. Correlation (CC)
Definition: Measures how closely two assets move together over a given period.
Calculation: Pearson Correlation is used to assess Gold's relationship with:
DXY: Negative correlation—when DXY rises, Gold typically falls.
US Treasury Yields: Negative correlation—higher yields reduce Gold’s appeal.
S&P 500: Opposite movement, as Gold acts as a safe-haven.
Crude Oil: Positive correlation—both often rise during inflationary pressures.
2. Weighted Spillover
What It Does: Quantifies how movements in each asset (DXY, Yields, etc.) influence Gold.
Weighting: User-defined values (e.g., DXY weight = 0.4) scale each factor’s impact.
Result: A total spillover score reveals bullish or bearish sentiment for XAU/USD.
3. Composite Bias Line
Purpose: Consolidates spillover impacts into a single sentiment indicator.
Readings:
Strong Bullish: Composite Bias > 0.5.
Neutral: Close to 0.
Strong Bearish: Composite Bias < -0.5.
Output: A directional bias to guide your trading decisions.
4. Traffic Signal Line
Visual Cues:
Green: Strong Bullish Signal.
Red: Strong Bearish Signal.
Gray: Neutral—avoid trading.
Utility: A quick, color-coded overview of market conditions.
Using XAUMOvision Effectively
When to Use
During high volatility or major news events (e.g., CPI, interest rate decisions).
To understand macroeconomic forces driving Gold’s price action.
Recommended Timeframes
4-Hour: Ideal for swing traders seeking medium-term setups.
Daily: Perfect for macro trend analysis.
Weekly: Suitable for long-term investors aligning with broader trends.
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Practical Example
Monday, January 13, 2025 (Neutral Market)
Market Behavior: Gold stagnated (-0.96%), with low volume (681.13K).
Indicator Insights:
Composite Spillover: -0.92 (mild bearish pressure).
Traffic Signal Line: Gray—stay out of the market.
Bias Line: Weak Bearish (-1), signaling no strong trend.
Result: XAUMOvision kept traders from entering a choppy, low-volume market.
Wednesday, January 15, 2025 (CPI-Driven Rally)
CPI Release: Core CPI softer than expected (0.2% vs. 0.3%), weakening the DXY and Yields. Gold surged.
Indicator Insights:
Composite Spillover: +0.57 (strong bullish sentiment).
Traffic Signal Line: Green—clear buy signal.
Bias Line: Strong Bullish (+2), confirming the trend.
Result: Traders aligned with institutional flows and profited from the CPI-driven rally.
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Why XAUMOvision Stands Out
Avoids Bad Trades: Neutral signals and low-volume days keep you sidelined during indecisive markets.
Pinpoints Big Moves: Green signals during high-impact events help you capitalize on major trends.
Volume Validation: Confirms institutional activity to distinguish real trends from fakeouts.
Conclusion: Trade Like a Pro
XAUMOvision blends macroeconomic analysis with real-time technical indicators, ensuring you stay ahead of market moves. Whether navigating neutral markets or CPI-driven surges, this tool provides clarity and confidence in your trading decisions. For swing traders and macro enthusiasts, XAUMOvision is the ultimate weapon in Gold trading.
Absorption AnalysisThe Absorption Analysis indicator identifies potential market turning points by analyzing volume, price patterns, and market structure across multiple dimensions. It combines traditional technical signals with volume analysis and success rate tracking to provide high-probability reversal opportunities.
Signal Types & Classification
1. Pattern-Based Signals (W-Bottom & M-Top)
**W-Bottom Pattern**
- Pattern Structure:
* Price makes a low below the lower Bollinger Band
* First bounce occurs with price moving higher
* Secondary test forms a higher low
* Final confirmation with bullish close above lower band
- Volume Requirements:
* Must exceed 1.5x the 20-period volume moving average
- Visual Indicators:
* Blue dotted line appears at pattern low
* Line remains until broken by price
* Label shows volume and percentage from baseline
- Success Tracking:
* Pattern stored in historical database
* Success measured by upward price movement
* Historical success rate displayed with signal
**M-Top Pattern**
- Pattern Structure:
* Price makes a high above the upper Bollinger Band
* First pullback occurs with price moving lower
* Secondary push forms a lower high
* Final confirmation with bearish close below upper band
- Volume Requirements:
* Must exceed 1.5x the 20-period volume moving average
- Visual Indicators:
* Orange dotted line appears at pattern high
* Line remains until broken by price
* Label shows volume and percentage from baseline
- Success Tracking:
* Pattern stored in historical database
* Success measured by downward price movement
* Historical success rate displayed with signal
2. Technical Reversals
**Bullish Reversal**
- Entry Conditions:
* Previous candle closes below lower Bollinger Band
* Previous candle must be bearish
* Current candle closes above lower band
* Current candle must be bullish
- Volume Validation:
* Volume must exceed 1.5x 20-period MA
- Visual Markers:
* Green label at reversal point
* Includes volume context
- Trading Implementation:
* Suggests strong buying pressure overcoming selling
* Often marks end of downward price exhaustion
**Bearish Reversal**
- Entry Conditions:
* Previous candle closes above upper Bollinger Band
* Previous candle must be bullish
* Current candle closes below upper band
* Current candle must be bearish
- Volume Validation:
* Volume must exceed 1.5x 20-period MA
- Visual Markers:
* Red label at reversal point
* Includes volume context
- Trading Implementation:
* Suggests strong selling pressure overcoming buying
* Often marks end of upward price exhaustion
3. Volume-Based Reversals
**High Volume Bear to Bull**
- Signal Formation:
* High volume bearish candle (2.5σ above mean)
* Immediately followed by high volume bullish candle
- Market Psychology:
* Shows strong selling being absorbed by buying
* Often indicates institutional accumulation
- Visual Identification:
* Purple "HV Bull" label
* Includes volume statistics
- Trading Context:
* Strong signal for trend reversal
* Most effective at support levels
**High Volume Bull to Bear**
- Signal Formation:
* High volume bullish candle (2.5σ above mean)
* Immediately followed by high volume bearish candle
- Market Psychology:
* Shows strong buying being absorbed by selling
* Often indicates institutional distribution
- Visual Identification:
* Purple "HV Bear" label
* Includes volume statistics
- Trading Context:
* Strong signal for trend reversal
* Most effective at resistance levels
4. Absorption Signals
**Buy Absorption**
- Technical Requirements:
* High volume conditions (2.5σ above mean)
* Spread momentum must be negative
* Fast spread MA below slow spread MA
* Bullish closing candle
- Market Interpretation:
* Indicates buying pressure absorbing selling
* Often precedes upward movement
- Visual Markers:
* Red label with volume context
* Placed at significant price levels
**Sell Absorption**
- Technical Requirements:
* High volume conditions (2.5σ above mean)
* Spread momentum must be negative
* Fast spread MA below slow spread MA
* Bearish closing candle
- Market Interpretation:
* Indicates selling pressure absorbing buying
* Often precedes downward movement
- Visual Markers:
* Green label with volume context
* Placed at significant price levels
Volume Analysis Components
Volume Calculation
- Rolling baseline volume calculated based on timeframe:
* Monthly: 6-period sum
* Weekly: 12-period sum
* Daily: 20-period sum
* Intraday: Proportional to timeframe
- Net volume = Bullish volume - Bearish volume
- Volume percentage calculated against baseline
- High volume threshold = 2.5 standard deviations
- Pattern volume threshold = 1.5x 20MA
Exchange Aggregation
- Primary symbol (chart) always included
- Optional secondary symbol data
- Combines volume data for stronger signals
- Useful for crypto markets with split liquidity
Success Rate Implementation
Rate Calculation
- Based on user-defined lookback period
- Separately tracked for each pattern type
- Bullish patterns: Percentage of times price moved higher
- Bearish patterns: Percentage of times price moved lower
- Used to filter alerts with minimum threshold
Pattern Storage
- Arrays maintain historical pattern data
- Limited to lookback period size
- Oldest patterns removed as new ones form
- Constantly updated success rates
## Trading Implementation
### Signal Priority
1. Pattern Signals (W/M)
- Highest reliability due to complex criteria
- Must meet all volume and price conditions
- Line break provides clear invalidation
2. High Volume Reversals
- Strong indication of institutional activity
- Clear volume confirmation
- Immediate reversal potential
3. Technical Reversals
- Traditional technical analysis backbone
- Enhanced with volume confirmation
- Good for trend trading
4. Absorption Signals
- Early warning system
- Best used with other confirmations
- Good for position building
Best Practices
- Look for multiple signal types aligning
- Consider higher timeframe context
- Use success rates to filter setups
- Monitor volume context closely
- Wait for candle closes
- Use line breaks for clear invalidation
- Consider market structure
- Pay attention to success rates
- Use appropriate position sizing
Risk Management
- Use pattern breaks for stop losses
- Consider historical success rates
- Larger positions for multiple signal confluence
- Respect timeframe hierarchy
- Monitor volume for confirmation
- Use proper position sizing
- Consider market volatility
This indicator provides a comprehensive framework for identifying potential market turning points while maintaining rigorous risk management through multiple confirmation factors and clear invalidation levels.
Volume Rate of Change (VROC)Volume Rate of Change (VROC) is an indicator that calculates the percentage change in trading volume over a specific period, helping analyze market momentum and activity. It is calculated as:
VROC = ((Current Volume - Past Volume) ÷ Past Volume) × 100
This indicator shows changes in market interest. Positive values indicate increasing volume, while negative values signal a decrease. High VROC values often suggest potential trend reversals or breakouts.
Applications:
Breakout Validation: VROC > 200% confirms strong breakouts; below this may signal false moves.
Market Stagnation: VROC < 0% suggests shrinking volume and range-bound markets.
Trend End Alert: A drop below 0% during trends may indicate weakening momentum.
Adjusting for Timeframes: Tailor VROC to timeframes.
Examples:
Daily: VROC(5) compares with last week's same day; VROC(20) with 1 month ago.
Monthly: VROC(12) compares with the same month last year; VROC(1) with last month.
Intraday: VROC(24) (hourly) and VROC(288) (5 minutes) for the same time yesterday.
HTF Multi-Asset Sync Display ProHTF Multi-Asset Sync Display Pro
A professional-grade indicator designed for advanced multi-timeframe and multi-symbol analysis. This powerful tool enables synchronized visualization of up to three different assets across various timeframes, making it perfect for correlation analysis, market structure comparison, and smart money tracking.
Overview
HTF Multi-Asset Sync Display Pro is an advanced visualization tool that allows traders to monitor up to three different symbols simultaneously on a single chart. Whether you're analyzing correlations, divergences, or inter-market relationships, this indicator provides a comprehensive solution for complex market analysis.
Usage Examples
1. Multi-Timeframe Analysis of Single Symbol
Perfect for traders focusing on market structure and order flow:
- Configure all three sets to display different higher timeframes of the chart's main symbol
- Example: On 5M chart, display 15M, 1H, and 4H timeframes
Benefits:
- Clear visualization of higher timeframe market structure
- Real-time order flow analysis across multiple timeframes
- Better context for ICT PD Arrays on higher timeframes
- Enhanced understanding of support/resistance levels
- Improved timing for entries and exits
2. Correlated Assets Analysis
Ideal for traders working with related instruments:
- Display higher timeframes of correlated assets (e.g., ES, NQ, and YM)
Benefits:
- Easy identification of divergences between correlated symbols
- Enhanced probability assessment for CRT setups
- Improved Turtle Soup trading opportunities
- Clear visualization of relative strength/weakness
- Better timing for market reversals
3. Extended Analysis with Multiple Indicators
Advanced setup for comprehensive market analysis:
- Use two instances of the indicator to display up to 6 different HTF sets
- Synchronization capabilities ensure precise alignment between indicators
Benefits:
- Extended market coverage with up to 6 HTF sets
- Perfect synchronization between indicator instances
- Comprehensive view of market structure
- Enhanced correlation analysis capabilities
- Maximum flexibility in timeframe selection
Note: The ability to combine multiple instances of the indicator, each showing three HTF sets, provides traders with unprecedented analytical capabilities while maintaining perfect synchronization across all displayed timeframes.
Key Features
Multi-Symbol Display
- Display up to three different symbols simultaneously
- Up to 12 candles for each symbol
- Customizable colors and styles for each symbol
- Adjustable vertical offsets for optimal visual arrangement
- Flexible scale factor for precise price movement comparison
Comprehensive Timeframe Support
- Intraday: 1, 2, 3, 4, 5, 6, 10, 15, 30, 45, 60, 90, 120, 180, 240 minutes
- Daily: D, 2D
- Weekly: W, 2W
- Monthly: M
- Compatibility between all minutes timeframes for synchronization
Dual Synchronization Modes
Auto Mode
- Automatic alignment based on relative price levels
- Perfect for quick visual comparison
Manual Mode
- Precise synchronization based on candle closing times
- Ideal for detailed technical analysis
Session Markers
- Two configurable session lines (e.g., Regular Open and True Day Open)
- Adjustable line length, style, and color
- Flexible timezone support for global markets
Visual Customization
- Fully customizable candle appearance including wicks
- Optional vertical lines for better time orientation
- Scalability for optimal price movement comparison
- Professional labeling system
Trading Applications
Correlation Analysis
- Monitor relationships between currency pairs
- Analyze crypto/stock correlations
- Identify divergences between related instruments
- Track inter-market relationships
Smart Money Analysis
- Identify accumulation zones
- Detect manipulation phases
- Track distribution phases
- Analyze institutional levels
- Monitor smart money footprints
ICT Price Delivery (PD) Arrays Analysis
- Enhanced visualization for manual PD Arrays identification
- Clear display of higher timeframe price action
- Improved visibility of potential PD Array structures
- Better context for manual analysis
Visual aid for ICT concepts identification
- Helps traders manually spot potential Breaker Blocks and Order Blocks
- Clearer view for identifying Inefficient Price Points
- Better context for Fair Value Gaps analysis
- Enhanced visibility for Mitigation Points and Liquidity Voids detection
Note: This indicator provides enhanced visualization tools to support manual ICT analysis. It does not automatically detect or mark PD Arrays or other ICT concepts - it serves as a visual aid for traders who understand and manually apply ICT concepts in their analysis.
Market Structure Analysis
- Compare price structure across timeframes
- Identify key levels on multiple timeframes
- Analyze session breakouts and swings
- Track market structure shifts
Candle Range Theory (CRT)
- Compare candle ranges across timeframes
- Identify potential breakout/breakdown levels
- Analyze relationships between HTF and LTF candle ranges
- Recognize reversal points at HTF range extremes
Turtle Soup Strategy Enhancement
- Identify false breakouts
- Validate breakouts by comparing LTF momentum with HTF structure
- Precise entry and exit level determination
Trading Efficiency
Time Management
- All necessary information on one chart
- Eliminate timeframe switching
- Quick market condition analysis
- Enhanced trading efficiency
Decision Making
- Instant market structure overview
- Quick key level identification
- Efficient trade setup confirmation
- Better entry and exit timing
Note
For optimal results, we recommend starting by setting the Base Price Level to the approximate price level of the main symbol, then adjusting the vertical offsets of other symbols according to your preferences.
Candle Counter from 9:30 AM to 4:00 PMThis Pine Script, designed for TradingView, serves as a candle counter exclusively for a 5-minute chart. It operates within the specific market hours of 9:30 AM to 4:00 PM. Key features of the script include:
Market Hours Specification: The script is configured to track candles only during the trading hours from 9:30 AM to 4:00 PM.
Daily Reset: Each trading day, the candle counter resets, starting anew from the market opening at 9:30 AM.
Candle Counting: It increments a counter with each 5-minute candle during the specified market hours.
Label Display: The counter number for each candle is displayed as a label at the candle's low point. This label is in bright white color with large font size, ensuring clear visibility against various chart backgrounds.
5-Minute Chart Specificity: The script is tailored to function only when the chart is set to a 5-minute timeframe, making it ideal for traders focusing on intraday movements.
New Day Detection: Utilizes a function to identify the start of a new trading day, ensuring accurate daily counting.
This script is particularly useful for traders who focus on intraday trading within the standard stock market hours, providing a clear and easy-to-read candle count that resets daily.
Market Navigator OscillatorSimilar to the Market Navigator, the Market Navigator Oscillator turns the methodology taught in Market School by Investors Business Daily into an easy-to-use indicator, but in a more condensed form. The Market Navigator Oscillator plots all of the same information as the original Market Navigator, but keeps your main chart clear. This system follows a strict set of rules to help gauge when it's time to increase market exposure or back away.
The indicator considers 24 different buy and sell signals, as well as portfolio management rules, to keep you on the right side of the market with no guesswork.
Buy and sell signals are generated based on different criteria, including the relationship between price and key moving averages, volume, and time. Each signal is assigned a point value, which is then added (buy signal) or subtracted (sell signal) to the running exposure count when the signal occurs. This exposure count is then used to give a recommended maximum exposure level.
The Market Navigator Oscillator also identifies certain instances when being more aggressive is called for, known as a Power Trend. A Power Trend is triggered within the context of an uptrend that meets a certain criterion of price, length, and moving average relationship.
This indicator is a must-have for any trader looking to take the guesswork out of their trading by automating recommended exposure levels and being in step with the market.
Principles covered include:
Recommended maximum portfolio exposure
Buy switch / restraint rules
Follow through / distribution days
Power Trend
Dynamic Day 1
When you first put the indicator on your chart, it will ask you to select Day 1 of the current rally attempt. A Day 1 is defined as either:
The first positive day in a down trending market
A down day where the index closes in the upper half of the daily range
Disclaimer: This indicator is for informational and educational purposes only. Do your own research before making any trade decisions. I accept no liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on this indicator.
I am not affiliated with Investor's Business Daily. This is my original interpretation of the rules taught in the Market School Home Study Program.
Market NavigatorThe Market Navigator turns the methodology taught in Market School by Investors Business Daily into an easy-to-use indicator. This system follows a strict set of rules to help gauge when it's time to increase market exposure or back away.
The indicator considers 24 different buy and sell signals, as well as portfolio management rules, to keep you on the right side of the market with no guesswork.
Buy and sell signals are generated based on different criteria, including the relationship between price and key moving averages, volume, and time. Each signal is assigned a point value, which is then added (buy signal) or subtracted (sell signal) to the running exposure count when the signal occurs. This exposure count is then used to give a recommended maximum exposure level.
The Market Navigator also identifies certain instances when being more aggressive is called for, known as a Power Trend. A Power Trend is triggered within the context of an uptrend that meets a certain criterion of price, length, and moving average relationship.
This indicator is a must-have for any trader looking to take the guesswork out of their trading by automating recommended exposure levels and being in step with the market
Principles covered include:
Recommended maximum portfolio exposure
Buy switch / restraint rules
Follow through / distribution days
Power Trend
Customize the indicator so it fits and looks great on your charts!
Multiple ways to view key information
Customize colors
Show or hide different element to see as much or as little information as you want
Highlight the background of Power Trends
Change the bar color of distribution/stall days
Change table position & size
Show or hide key moving averages
Dynamic Day 1
When you first put the indicator on your chart, it will ask you to select Day 1 of the current rally attempt. A Day 1 is defined as either:
The first positive day in a down trending market
A down day where the index closes in the upper half of the daily range
With over 24 buy and sell signals, the built-in reference table makes it simple to crosscheck which signals occur.
Included with this indicator is access to the Market Navigator Oscillator, which plots the exposure count as a line in a separate pane, keeping your main chart uncluttered. This version allows you to see all of the same information in a condensed form.
Disclaimer: This indicator is for informational and educational purposes only. Do your own research before making any trade decisions. I accept no liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on this indicator.
I am not affiliated with Investor's Business Daily. This is my original interpretation of the rules taught in the Market School Home Study Program.
LuBotINTRODUCTION
This indicator was born from a personal need to have everything needed in one place and to allow any trader to see the market as I see it, so that everyone, even the novice trader, immediately feels at ease as I do me when I look at the graphs.
Over time I have also developed other indicators which I associate with the LuBot, however it is designed to be used as a standalone indicator which can suit any trading style.
Of course, no indicator or strategy can predict the future. Only a good mindset and good money management can lead you to be a consistently profitable trader in the long run. Which is why together with the indicator I will provide further examples of use with personal insights and thoughts about my way of seeing the market.
Below you will find everything you need to understand what you will get with this indicator and how to use it, but there are so many configurations that you can do that could make you find a better setup than mine as each of us has different needs and different timing.
Some of us don't mind keeping positions open overnight and others want to close everything by the end of the day. There are those who look at charts with very low timeframes and those like me who prefer to look at higher timeframes like the Daily for reasons of practicality and more "relaxed" timing.
Because of this I don't want to limit the use of the indicator to what is my way of using it. Each of us has different needs, and this indicator is used to show you the way forward and satisfy your needs.
WHAT IS LuBot?
LuBot is a multi-piece indicator that provides any trader with everything they need to trade in one place.
The idea is to make it easier to see the market and give everyone the opportunity to start trading with a simple method that is within everyone's reach.
The LuBot indicator works on any TradingView chart and timeframe and includes several basic components including:
- Long and Short signals: distinguishable in SwingSignals and MultiSignals.
SwingSignals have an alternating Long-Short sequence. The logic of these signals is to indicate the trend to follow which, if supported by the other components, allows inputs in favor of swings. MultiSignals signals add intermediate signals to favor entry even on a single signal and could be used both to add further confirmation to the trend-following trade and for scalping, thus exiting the trade as soon as possible.
- Reversal Bands : placed at the ends of the chart, they indicate an area of probable price reversal (overbought and oversold areas). They are divided into colored bands each of which increases its repelling force as the intensity of the color increases. If the price crosses an extreme we expect an even stronger reversal.
- Customizable Moving Averages : 3 in total which can be modified in length, source and type of moving average (ema, sma, wma, etc.). By default I have entered the settings that I use personally.
- Trend Cloud : colored band according to the trend. By default the colors are green for bullish trend, red for bearish trend and gray for sideways/neutral phase. Coupled with moving averages they are a perfect tool to better follow the trend.
- Swings : shows swings on the chart so you can better understand their structure and refine trend tracking. Excellent as reference points for new trades.
- Reversal Signals : small signals shown as arrows above and below the chart. Those above appear when the price is overbought, conversely those below appear when the price is oversold. They are not entry inputs but they help for both entry and exit of the trade.
- Trend Candles : the candles are colored according to the trend defined in the code. Additional support to avoid entering against the trend or to exit the market when the trend reverses.
- Supports and Resistances : supply and demand levels will appear automatically and will update over time. They take the pivot points as references and it is possible to modify their period. A higher value will show wider levels, a lower value will show levels based on the latest price movements.
- Trend Channel : Show an automatic trend channel based on the period entered in the settings. A value of 100 will show a channel based on the price average of the last 100 candles.
- Alerts : finally we find the alerts both for Long and Short signals and for the appearance of a new swing. Before activating alerts, make sure you have chosen the signal settings you prefer so that you only receive that type of alert. The alert will adapt to the parameters you have chosen and will notify you whenever a new signal or swing appears. The "Any function alert" will alert you whenever a Long or Short SwingSignals appear.
SIGNAL SETTINGS
These are the signal setting modes.
First we open the indicator settings by clicking on the gear in the upper left next to the indicator name, or by double clicking on one of the indicator components in the chart.
At this point a menu will open in which the various components appear in an orderly manner.
The first group concerns the signal settings.
The first item indicates the Signal Type in which we can choose whether to display the SwingSignals or MultiSignals signals.
The second item indicates the Signal Style in which we can choose a value from 0 to 3.
Value 0 will show all signals not filtered by the trend. The value 1 will add a first trend filter and increase the restriction on the trend by increasing the value.
Next we find 3 selectable boxes called Limit Signals.
Each of these boxes will add further filters to the signals in order to limit the signals in periods of laterality and to avoid an excess of signals shown on the chart.
By acting on these settings we could find the right setup that best suits our needs.
Finally, the last modifiable parameter concerns the display of the last signals which by default is set to 3000. This means that all the signals in the last 3000 candles will be displayed on the chart.
HOW I USE IT
As I wrote above my favorite timeframe is the Daily. This timeframe allows me to study the market very calmly and gives me all the time necessary to decide how to behave on the market. Furthermore, the Daily timeframe fits perfectly with my vision of trading, which is the one that allows you to have time for yourself instead of working all day and not being able to devote yourself to family or other businesses.
In this way I observe the market only in the morning or in the evening and thanks to this indicator I can make decisions very quickly unlike when I had to analyze chart by chart with other manual tools. Moreover, thanks to this configuration I can easily do everything from my smartphone. You don't know what satisfaction it feels like to sit comfortably on your sofa in the evening and observe the markets from your mobile phone and open and close trades thanks to this indicator.
Now let's move on to the practical part and see the main actions I take when I look at a graph from scratch. The examples will cover the Long position but the reverse applies for the Short position.
HOW TO ENTER THE MARKET
1- First I set the signals with the Limit Signals type 3 option and use the SwingSignals signals. In this way I avoid too much confusion in the graph and consider the last signal
that points me in the main direction to follow.
2- In the image above we see a Long signal as the last. So from then on I will only look for Long entries.
3- I wait for the TrendCloud to turn green and thus favor the direction bullish.
4- I wait for the price to rise above the ema21 (orange moving average set by default) and the TrendCloud.
5- If the TrendCloud is above the ema100 (blue moving average) and the ema200 (yellow moving average) this increases the idea of bullish strength.
6- I expect a retracement and then a return of prices towards the zone ema21 or TrendCloud.
7- At this point, as we can see from the image below, I start looking at the Swing.
Swings determine the structure and trend of the market.
Increasing highs and lows = Uptrend
Lower highs and lower lows = Bearish trend
If in this case the swing low is positive then HL (HigherLow) we are more likely to enter in favor of a positive trend and be able to bring home a profit.
8- The break of the high of the swing candle (the one where we find the label HL) is already an entry trigger in itself, but to improve the probability of success and avoid
entering false movements we add MultiSignals signals to have input patterns specific.
In this case we have a Long entry pattern so the entry on the break of the maximum is confirmed.
9- A further confirmation is given by the TrendCandles that we can activate from the settings. If the last candles are green and the candle of ours probable trade is also
green, we have a further confirmation of possible rise.
TRADE MANAGEMENT AND EXIT
1- The moment we decide to open the position we need to know in advance where you mainly enter the stop loss and then the take profit.
2- To enter the stop loss we can use the last swing low as reference, or the TrendCloud. Based on the risk you want to get on that trade.
If the conditions are particularly positive you can place the stop loss a few pips below the swing low. The take profit instead it depends on how long you want to hold the
trade. Personally I prefer to exit trades as soon as possible to avoid staying too long exposed to reversal risks. This is about a trading approach short term.
So it could be placed on the level of the previous high as in the following example.
In this case the trade lasts only 4 candles and the overnight costs and the risk of closing the trade with a loss are limited.
3- To view the exit levels for TP and SL you can also use the automatic Support and Resistance tool.
In this example we see that the closest support level coincided with the low of the swing so inserting the stop loss below the low of the swing would have had greater validity. The Take Profit, on the other hand, could be placed on the closest Resistance level.
4- A more conservative approach would lead us to place the stop loss below the TrendCloud or below the previous swing low (more recommended approach). In this way we
will avoid the risk of being stopped and subsequently seeing the market continue in our direction as often happens.
In this example we see a Long trade on a subsequent MultiSignals signal which is stopped when the price makes a retracement on the TrendCloud. In this case we see that if we had placed the stop below the previous swing low or below the TrendCloud we would still have remained in the market and would be positive.
5- In the example above, it must also be considered that the market had already made several positive swings without making a more important retracement on the
TrendCloud, so after making 1 or 2 trades I would avoid forcing too much by chasing all the signals because it is the most correct approach.
After 3-4 consecutive swings without retracements, I recommend waiting.
When the market has made a major retracement then the swing count can start over and we could enter on the next swing high mark or break.
CONCLUSIONS
As you will have understood, the main approach is Trend is Your Friend, the trend is our main friend in trading and insisting on counter-trend operations is not profitable and sustainable in the long run. Even with LuBot you can do countertrend trades but they are not the ones I recommend so I won't talk about them here.
Last but not least it must be said that the indicator does not repaint, this means that the signals will not disappear over time and the alerts are reliable.
Each of these components has been inserted on the basis of a personal need and on the basis of studies done directly by me in the field. This is the first official release after 3 years of developments.
This indicator is not a strategy, does not show backtest results and does not show Take Profit or Stop Loss levels. The purpose of this indicator is to give everyone an idea of price behavior and to implement a discretionary strategy. Signals are not always a reason to enter and TP and SL levels vary depending on the type of trade, which is why an automated backtest could show different results than you might have.
This indicator is intended to help the trader (beginner or not) to find the trades to make more easily and to allow anyone to follow a strategy. Since this is an indicator for discretionary trading, I don't invite you to follow all the signals, but to reason with all the tools available within it. When there are more elements that match, the chances of success are higher. You have to be patient and avoid getting caught up in haste and emotions. Considering that the market is unpredictable and there can be no certainties about its future movement, I take no responsibility for your use of this indicator.
Lots / Leverage / Margin [JoseMetal]============
ENGLISH
============
- Description:
This is a utility indicator, it prints a table with ATR, Volatility, Lotage and Margin for 3 custom timeframes, using the ATR of basis, it calculates volatility (%) and a recommended lotage depending on your risk settings.
A few months ago i fled from crypto exchanges to regulated brokers, and working with lots instead of plain margin was a bit of headache, i also trade with crypto, currencies, metals and indexes, each with different volatility, leverage... so this tool was a MUST for me to code.
So basically, this tool allows to keep the same RISK for every single asset, no matter if they have different volatility.
- Visual:
The indicator shows a table with all the info explained, ATR, Volatility...
For each timeframe it also prints 3 periods, short, long and average, you can show/hide timeframes and the different periods.
- Customization:
Colors in the table are custom, as well as the font size.
The risk management settings start with the margin you want to use as average, then you can customize your asset leverage, the risk (which is a value you HAVE to keep the same for all assets to balance the results correctly) and units per lot.
You can increase/decrease risk if you want to, i personally take DAILY values with a 18-20 risk to trade on a 4H chart.
For the "units per lot" take in mind that usually that value is ONE, but in some assets with really low value like currencies or some crypto your broker can set 1 lot to xxxx units, that's why you have that option.
- Usage and recommendations:
As i said i trade from 4H to daily, that's why my risk setting is 18-20, i use the lots plotted in the table on DAILY.
If you're more a scalper, just adjust the timeframes to your needs :)
Enjoy!
============
INGLÉS
============
- Descripción:
Este es un indicador de utilidad, imprime una tabla con ATR, Volatilidad, Lotaje y Margen para 3 temporalidades personalizadas, usando el ATR de base, calcula la volatilidad (%) y un lotaje recomendado dependiendo de tu configuración de riesgo.
Hace unos meses cambié de intercambios crypto (exchanges) a brokers regulados, y trabajar con lotes en lugar de margen simple era un poco dolor de cabeza, también tradeo con crypto, divisas, metales e índices, cada uno con diferente volatilidad, apalancamiento... así que esta herramienta era IMPRESCINDIBLE para mí de programar.
Básicamente, esta herramienta permite mantener el mismo RIESGO para cada activo, sin importar si tienen diferente volatilidad.
- Visual:
El indicador muestra una tabla con toda la información explicada, ATR, Volatilidad...
Para cada temporalidad también imprime 3 períodos, corto, largo y medio, puedes mostrar/ocultar los marcos temporales y los diferentes periodos.
- Personalización:
Los colores de la tabla son personalizados, así como el tamaño de la fuente.
La configuración de la gestión del riesgo comienza con el margen que deseas utilizar como promedio, a continuación, puedes personalizar el apalancamiento del activo, el riesgo (que es un valor que TIENE que mantener igual para todos los activos para equilibrar los resultados correctamente) y las unidades por lote.
Puedes aumentar/disminuir el riesgo si quieres, yo personalmente tomo valores DIARIOS con un riesgo de 18-20 para operar en un gráfico de 4H.
Para las "unidades por lote" ten en cuenta que normalmente ese valor es UNO, pero en algunos activos con valor realmente bajo como divisas o algunas criptomonedas tu broker puede poner 1 lote a xxxx unidades, por eso agrego esa opción.
- Uso y recomendaciones:
Como dije yo opero de 4H a diario, por eso mi ajuste de riesgo es de 18-20, uso los lotes graficados en la tabla en DIARIO.
Si eres más un scalper, sólo tienes que ajustar las temporalidades a tus necesidades :)
¡Que lo disfrutes!
LIZ-ATR-Based EMA EnvelopesThis envelope has an "auto band adjustment function" that reflects the most recent volatility in the band width by ATR.
This makes it easy to handle without the need to change the band width according to the volatility of the stocks to be displayed.
The time periods and colors of each time frame that can be displayed and the central band of the envelope are as follows.
Monthly: 2-year line (light blue)
Weekly: 3-month line (black)
Daily: 1 month line (blue)
4-hourly: 1-week line (green)
1 hour: 24 hour line (purple)
30-minute: 12-hour line (light purple)
15-minute: 4-hour line (orange)
5min:2hr (skin color)
1 minute: 30 minute line (gray-blue)
30 seconds: 10 minute line (blue-purple)
15-seconds: 7.5-minute line (sky blue)
10-seconds: 5-minute line (brown)
5-seconds: 2-minute line (emerald green)
Depending on where the price resides in the band, the following situations can be identified
・When inside the first band: Trendless
・Between the first and second band: Normal trend
・Between the 2nd and 3rd band: Strong trend
・When the third line is exceeded: Overheat condition
The first range is painted in gray and encourages not to follow the trend. In addition, the "up" sign will automatically light up when the price is above this gray zone, the "middle" sign when the price is in the middle of the gray zone, and the "down" sign when the price is below the gray zone.
このエンベロープは直近のボラティリティーをATRによってバンド幅に反映させる、「オートバンド調整機能」を搭載しています。
そのため、表示させる銘柄のボラティリティーに合わせてバンド幅を変更する必要がなく扱いやすいです。
表示できる各時間足と、エンベロープの中心バンドの期間・色は、以下の通りです。
月足:2年線(水色)
週足:3ヶ月線(黒)
日足:1ヶ月線(青)
4時間足:1週間線(緑)
1時間足:24時間線(紫)
30分足:12時間線(薄紫)
15分足:4時間線(オレンジ)
5分足:2時間線(肌色)
1分足:30分線(グレーブルー)
30秒足:10分線(青紫)
15秒足:7.5分線(スカイブルー)
10秒足:5分線(茶色)
5秒足:2分線(エメラルドグリーン)
価格がバンドのどこに存在するかによって以下の状況がわかります。
・1本目のバンド内側にある時:トレンドレス
・1本目から2本目の間にある時:ノーマルトレンド
・2本目から3本目の間にある時:強いトレンド
・3本目をオーバーしている時:過熱状態
1本目の範囲はグレーで塗られ、トレンドフォローしない事を促します。また、このグレーゾーンの上に価格がある時は「上」、中にある時は「中」、下にあるときは「下」の文字サインが自動点灯します。
ATR ChartATR Levels
Calculated by adding ATR to daily low and subtracting ATR from daily high.
Inputs can change ATR timeframe and range, defaults to 6 hr and daily.
MTF Pivots Zones [tanayroy]Dear Fellow Traders,
I only publish scripts that I use and found good for my trading. Pivots are my favorite indicator. I use daily, weekly, monthly, quarterly, and yearly pivots levels. multiple pivot zones are very strong levels and I like to watch these levels for possible price action.
But when I include all pivots levels at a time, my charts get too clumsy. To see price action properly, you need a clean chart. And when we trade we want to see only important levels within the price horizon.
To resolve this, I created this script, which shows important levels within my display option. I control the display option with 14 periods ATR and a multiplier to adjust the display levels.
The following chart displays levels within 14 ATR * 0.5 multipliers. As the price progress, it will automatically add levels and delete levels that do not come within this option.
What levels are included?
I have used traditional pivot calculation and included Daily, Weekly, Monthly, Quarterly, and Yearly pivots with high and low.
What options are available?
You can replace the yearly timeframe with your desired time frame and can adjust the ATR multiplier to increase or decrease display levels.
Use this in 5m, 15m, or 1H chart or any timeframe below Daily.
Please like, share, and comment.
*SSS 50% [Auto]** SSS 50% - Displays Outside Warning and Previous High/Low on Current chart timeframe or Custom Timeframe Selection **
Outside Warning and Previous high/low levels default is set to the current charts timeframe.
For all Custom Timeframes, select within Indicator settings. Note this indicator is a simple version of my previous SSS Rule Indicator and HTF as this is allows for ONE Timeframe only!
This indicator is based on Sara Strat Sniper's - 50% Rule for trading Outside Bars and helps you visual the method quickly.
** Indicator Setup Requirements **
For Indicator to correctly display the 50% price level you need to setup your chart correctly. Right-click your chart background, select Settings, select Scales and Tick “Indicator Last Value Label". Now your 50% Price level will be displayed.
Known Issues:
This indicator does not work when you try to view a lower timeframes levels on a higher timeframe chart.
Example 1: Selecting Daily Warning, High and Low Levels will not be displayed correctly on a Weekly timeframe and above etc. The Daily selection however will be displayed correctly on all lower timeframes from the 1 minute chart to the Daily.
Example 2: Selecting Weekly Warning, High and Low Levels will not be displayed correctly on a Monthly timeframe and above etc. The Weekly selection however will be displayed correctly on all lower timeframes from the 1 minute chart to the Weekly. Please apply these same rules for all other timeframe indicator selections.
Monthly Warning, High and Low levels will not work correctly on a Weekly chart when the current Weekly candlestick is forming between the end of a previous Month and start of new Month. Once the first Weekly candle of a new Month closes the Monthly levels will now be displayed correctly. Please note, selecting the Monthly levels when viewing a Monthly chart will work as normal and Monthly levels displayed on a Weekly chart will be corrected once the first Weeks candle has closed. I believe this error is caused by a pine script repainting issue when assessing historical price data which is out of my limited scripting brains control.
DinhChienFX Elliot targets 1.1We need to make things better and to solve the struggles of traders conquering this ventures capital arena.
I present my new Elliot targets script.
Anyone learning the Elliot wave is very difficult and difficult to understand.
I would like to take a few parts of the Elliot wave theory that is how to calculate the retracement area
and price levels according to the Fibonacci ratio of the Elliot wave. A Then combine the basic indicators Bollinger Band, MACD-H and RSI
to predict the future of the market. And try to automate the above.
The idea in the Elliot targets scenario is to combine:
+ Oscillators indicator (Rsi - Relative Strength Index)
+ Center Oscillators indicator (MACD - Moving Average convergence Divergence)
+ Volatility indicator (BB - Bollinger Band).
There are some option in the script, let see:
- Bollinger Band: calculates trend with signal combination from Bollinger Band indicator.
- RSI: calculates trend with signal combination from RSI.
- MACD: Main indicator of Elliot targets script, with option Histogram highest or lowest
in a week, a month, quarter, year depending on timeframe H1, H4 or Daily... I will show with pictures following photo.
- Label: Option to display the price notice board:
1 - Main bulletins board (default: off): showing all prices at Fibonacci levels (38.2, 50, 61.8, 161.8, 200, 261.8).
2 - Separate bulletin board for 2 trends (up - down): current price at Fibonacci levels (38.2, 50, 61.8, 161.8, 200, 261.8).
- Generate Alerts: 1. Uptrend triggered. 2. Downtrend activated.
Here are a few examples of how the editor uses the above indicators to predict goals:
- The signal is with only MACD:
- The signals combine MACD and Bollinger Band:
- The signals combine MACD and RSI:
- The signals combine MACD + Bollinger band + RSI:
* The label shows:
- Main label is at Uptrend:
- Main label is at Downtrend:
- The separate labels is at Uptrend:
- The separate labels is at Downtrend:
Relative Volume TableRelative Volume Table in percent. So 400% RVol means, today's volume is 4x compared to avg volume for the length you selected.
1. When chart resolution is Daily or Intraday (D, 4H, 1H, 5min, etc), Relative Volume shows value based on DAILY.
2. When resolution is changed to Weekly or Monthly, then Relative Volume shows corresponding value. i.e. Weekly shows weekly relative volume of this week compared to past 'N' weeks. Likewise for Monthly. You would see change in label name. Like, Weekly chart shows W_RVol (Weekly Relative Volume). Likewise, Daily & Intraday shows D_RVol. Monthly shows M_RVol (Monthly Relative Volume).
3. Added a plot (by default hidden) for this specific reason: When you move the cursor to focus specific candle, then Indicator Value displays relative volume of that specific candle. This applies to Intraday as well. So if you're in 1HR chart and move the cursor to a specific candle, Indicator Value shows relative volume for that specific candlestick bar.
Hope you find this useful.
Volume-Supported Linear Regression TrendHello Traders,
Linear Regression gives us some abilities to calculate the trend and if we combine it with volume then we may get very good results. Because if there is no volume support at up/downtrends then the trend may have a reversal soon. we also need to check the trend in different periods. With all this info, I developed Volume-Supported Linear Regression Trend script. The script checks linear regression of price and volume and then calculates trend direction and strength.
You have option to set Source, Short-Term Period and Long-Term Period. you can set them as you wish.
By default:
Close is used as "Source"
Short-Term Period is 20
Long-Term Period is 50
in following screenshot I tried to explain short term trend (for uptrend). Volume supports the trend? any volume pressure on trend? possible reversal? same idea while there is downtrend.
in following screenshot I tried to explain long term trend:
You can also check Positive/Negative Divergences to figure out possible reversals (to automate it, you can use Divergence for Many Indicators v4 , it has ability to check divergences on external indicators)
Enjoy!
RSI Multi Time FrameHello Traders,
Recently we got new features in Pine such Arrays of Lines, Labels and Strings. Thanks to the Pine Team! ( here )
So I decided to make new style of Multi Time Frame indicator and I used Array of Lines in this script. here it is, RSI Multi Time Frame script. it shows RSI for current time frame as it is and also it gets RSI for the Higher Time Frame and converts it and shows it as in time frame. as you can see, RSI for HTF moves to the right on each candle until higher time frame was completed.
You have color and line width options for both RSI, also if you want you can limit the number of bars to show higher time frame RSI by the option " Number of Bars for RSI HTF ", following example show RSI HTF for 100 bars.
Most of you know that old style Multi Time Frames indicators was like:
Hope you like this new Multi time frame style ;)
Enjoy!
Market ProfileHello All,
This is Market Profile script. "Market Profile is an intra-day charting technique (price vertical, time/activity horizontal) devised by J. Peter Steidlmayer. Steidlmayer was seeking a way to determine and to evaluate market value as it developed in the day time frame. The concept was to display price on a vertical axis against time on the horizontal, and the ensuing graphic generally is a bell shape--fatter at the middle prices, with activity trailing off and volume diminished at the extreme higher and lower prices." You better search it on the net for more information, you can find a lot of articles and books about the Market Profile.
You have option to see Value Area, All Channels or only POC line, you can set the colors as you wish.
Also you can choose the Higher Time Frame from the list or the script can choose the HTF for you automatically.
Enjoy!
