Jurik CFB Adaptive QQE [Loxx]Jurik CFB Adaptive QQE is a Double Jurik-Filtered, Composite Fractal Behavior (CFB) adaptive, Qualitative Quantitative Estimation indicator. This indicator includes both fixed and the CFB adaptive calculations as well as three different types of RSI calculations including Jurik's RSX.
What is Qualitative Quantitative Estimation (QQE)?
The Qualitative Quantitative Estimation (QQE) indicator works like a smoother version of the popular Relative Strength Index ( RSI ) indicator. QQE expands on RSI by adding two volatility based trailing stop lines. These trailing stop lines are composed of a fast and a slow moving Average True Range (ATR).
There are many indicators for many purposes. Some of them are complex and some are comparatively easy to handle. The QQE indicator is a really useful analytical tool and one of the most accurate indicators. It offers numerous strategies for using the buy and sell signals. Essentially, it can help detect trend reversal and enter the trade at the most optimal positions.
What is Wilders' RSI?
The Relative Strength Index ( RSI ) is a well versed momentum based oscillator which is used to measure the speed (velocity) as well as the change (magnitude) of directional price movements. Essentially RSI , when graphed, provides a visual mean to monitor both the current, as well as historical, strength and weakness of a particular market. The strength or weakness is based on closing prices over the duration of a specified trading period creating a reliable metric of price and momentum changes. Given the popularity of cash settled instruments (stock indexes) and leveraged financial products (the entire field of derivatives); RSI has proven to be a viable indicator of price movements.
What is RSX RSI?
RSI is a very popular technical indicator, because it takes into consideration market speed, direction and trend uniformity. However, the its widely criticized drawback is its noisy (jittery) appearance. The Jurk RSX retains all the useful features of RSI , but with one important exception: the noise is gone with no added lag.
What is Rapid RSI?
Rapid RSI Indicator, from Ian Copsey's article in the October 2006 issue of Stocks & Commodities magazine.
RapidRSI resembles Wilder's RSI , but uses a SMA instead of a WilderMA for internal smoothing of price change accumulators.
What is Composite Fractal Behavior (CFB)?
All around you mechanisms adjust themselves to their environment. From simple thermostats that react to air temperature to computer chips in modern cars that respond to changes in engine temperature, r.p.m.'s, torque, and throttle position. It was only a matter of time before fast desktop computers applied the mathematics of self-adjustment to systems that trade the financial markets.
Unlike basic systems with fixed formulas, an adaptive system adjusts its own equations. For example, start with a basic channel breakout system that uses the highest closing price of the last N bars as a threshold for detecting breakouts on the up side. An adaptive and improved version of this system would adjust N according to market conditions, such as momentum, price volatility or acceleration.
Since many systems are based directly or indirectly on cycles, another useful measure of market condition is the periodic length of a price chart's dominant cycle, (DC), that cycle with the greatest influence on price action.
The utility of this new DC measure was noted by author Murray Ruggiero in the January '96 issue of Futures Magazine. In it. Mr. Ruggiero used it to adaptive adjust the value of N in a channel breakout system. He then simulated trading 15 years of D-Mark futures in order to compare its performance to a similar system that had a fixed optimal value of N. The adaptive version produced 20% more profit!
This DC index utilized the popular MESA algorithm (a formulation by John Ehlers adapted from Burg's maximum entropy algorithm, MEM). Unfortunately, the DC approach is problematic when the market has no real dominant cycle momentum, because the mathematics will produce a value whether or not one actually exists! Therefore, we developed a proprietary indicator that does not presuppose the presence of market cycles. It's called CFB (Composite Fractal Behavior) and it works well whether or not the market is cyclic.
CFB examines price action for a particular fractal pattern, categorizes them by size, and then outputs a composite fractal size index. This index is smooth, timely and accurate
Essentially, CFB reveals the length of the market's trending action time frame. Long trending activity produces a large CFB index and short choppy action produces a small index value. Investors have found many applications for CFB which involve scaling other existing technical indicators adaptively, on a bar-to-bar basis.
What is Jurik Volty used in the Juirk Filter?
One of the lesser known qualities of Juirk smoothing is that the Jurik smoothing process is adaptive. "Jurik Volty" (a sort of market volatility ) is what makes Jurik smoothing adaptive. The Jurik Volty calculation can be used as both a standalone indicator and to smooth other indicators that you wish to make adaptive.
What is the Jurik Moving Average?
Have you noticed how moving averages add some lag (delay) to your signals? ... especially when price gaps up or down in a big move, and you are waiting for your moving average to catch up? Wait no more! JMA eliminates this problem forever and gives you the best of both worlds: low lag and smooth lines.
Ideally, you would like a filtered signal to be both smooth and lag-free. Lag causes delays in your trades, and increasing lag in your indicators typically result in lower profits. In other words, late comers get what's left on the table after the feast has already begun.
Included
-Toggle bar color on/off
在腳本中搜尋"indicators"
Ehlers Adaptive Relative Strength Index (RSI) [Loxx]Ehlers Adaptive Relative Strength Index (RSI) is an implementation of RSI using Ehlers Autocorrelation Periodogram Algorithm to derive the length input for RSI. Other implementations of Ehers Adaptive RSI rely on the inferior Hilbert Transformer derive the dominant cycle.
In his book "Cycle Analytics for Traders Advanced Technical Trading Concepts", John F. Ehlers describes an implementation for Adaptive Relative Strength Index in order to solve for varying length inputs into the classic RSI equation.
What is an adaptive cycle, and what is the Autocorrelation Periodogram Algorithm?
From his Ehlers' book mentioned above, page 135:
"Adaptive filters can have several different meanings. For example, Perry Kaufman’s adaptive moving average (KAMA) and Tushar Chande’s variable index dynamic average (VIDYA) adapt to changes in volatility. By definition, these filters are reactive to price changes, and therefore they close the barn door after the horse is gone.The adaptive filters discussed in this chapter are the familiar Stochastic, relative strength index (RSI), commodity channel index (CCI), and band-pass filter.The key parameter in each case is the look-back period used to calculate the indicator.This look-back period is commonly a fixed value. However, since the measured cycle period is changing, as we have seen in previous chapters, it makes sense to adapt these indicators to the measured cycle period. When tradable market cycles are observed, they tend to persist for a short while.Therefore, by tuning the indicators to the measure cycle period they are optimized for current conditions and can even have predictive characteristics.
The dominant cycle period is measured using the autocorrelation periodogram algorithm. That dominant cycle dynamically sets the look-back period for the indicators. I employ my own streamlined computation for the indicators that provide smoother and easier to interpret outputs than traditional methods. Further, the indicator codes have been modified to remove the effects of spectral dilation.This basically creates a whole new set of indicators for your trading arsenal."
What is Adaptive RSI?
From his Ehlers' book mentioned above, page 137:
"The adaptive RSI starts with the computation of the dominant cycle using the autocorrelation periodogram approach. Since the objective is to use only those frequency components passed by the roofing filter, the variable "filt" is used as a data input rather than closing prices. Rather than independently taking the averages of the numerator and denominator, I chose to perform smoothing on the ratio using the SuperSmoother filter. The coefficients for the SuperSmoother filters have previously been computed in the dominant cycle measurement part of the code."
Happy trading!
COG SSMACD COL combo with ADX Filter [orion35]This indicator consists of a combination of indicators produced by the most valuable developers in the market.
These are: Center of Gravity (COG) and Super Smoothed MACD (SSMACD) shared by @KivancOzbilgic and Center of Linearity (COL) shared by @alexgrover
I produced this indicator by writing new conditions that compare the signals given by these indicators with each other. I re-coded the change in the thickness of the cloud from the COL indicator as the middle horizontal line with varying color intensity and type. I have provided options for switching between these three indicators when desired.
Note: The strongest signals in the indicator are the blue colored triangles. Moderately strong ones are yellow signals. White colored signals are considered as the weakest signals.
Some minor fixes:
Some confusing words were thrown in the alarms section,
Added new alarm codes for any Triple or Double signals.
Major changes have been made with this update.
It is very important to know the direction and strength of the trend in financial markets. Therefore, ADX (Average Directional movement index) was developed by J. Welles Wilder in 1978 as an indicator of the trend strength in the prices of a financial instrument.
Especially in sideways markets, most indicators produce many false signals. However, these signals can be filtered with the ADX indicator. The price is considered sideways when the ADX is less than 20 as the threshold value.
With this update,
ADX filter can be activated when desired, and signals can be filtered flexibly according to the "threshold" value determined by the user. When the ADX filter is active, it will also reflect on the alarm conditions. Therefore, if an alarm is to be set according to the ADX filter, the filter must be activated first.
The colors of the lines and signals have been made changeable.
The visual level and thickness of the COL line has been made adjustable.
With this update, signals can be filtered according to the MavilimW indicator developed by @KivancOzbilgic
Filter Methods:
Normal: If the price is below the BlueW line, "bull" signals are filtered out, and above "bear" signals are filtered out.
Reverse : Applies the opposite of the normal method.
Fixed some visual bugs in switching between indicators.
MFI + RSI + MOM With Bull & Bear Trend LabelMOMENTUM + MONEY FLOW INDEX + RELATIVE STRENGTH INDEX WITH BULL & BEAR LABELS
This is a combination of 3 popular indicators. Momentum(MOM), Money Flow Index(MFI) and Relative Strength Index(RSI) along with color changing labels that tell you each indicator's current trend.
The middle white line shows the level that each indicator needs to stay above to be bullish and below for bearish. Watch for all three indicators to cross and hold above or below the mid line for big moves.
It is important to note that these indicators do not need to be going up to be bullish or down to be bearish. They just need to hold above or below the mid line to understand the overall trend.
The momentum indicator is the most relevant in my opinion. If it is holding above the mid line steadily, usually the overall trend will continue upwards so look to buy the dips if the momentum cloud is staying above the white line and vice versa.
It is also important to note that the default settings for this indicator are the 100 period as I find it to be super relevant across most charts but these numbers can be changed in the indicator settings.
Since momentum swings wildly past the normal 0-100 range, it is important to note that the momentum line has been “normalized” to stay within this same range as the rsi and mfi. So if you look at a normal momentum indicator side by side with this indicator it will not look the same however, I find it to be a very good indicator of overall direction so I know the current market sentiment even when price is diverging from the indicator directions.
All of the colors, sources and lengths can be easily customized in the indicator settings input tab.
***HOW TO USE***
When Momentum is above the mid line, it is bullish. When Momentum is below the mid line, it is bearish.
A label on the right side will update in real time to tell you if momentum is Bullish or Bearish for faster recognition of the trend.
When RSI is above the mid line, it is bullish. When Momentum is below the mid line it is bearish.
A label on the right side will update in real time to tell you if RSI is Bullish or Bearish for faster recognition of the trend.
When MFI is above the mid line, it is bullish. When MFI is below the mid line it is bearish.
A label on the right side will update in real time to tell you if MFI is Bullish or Bearish for faster recognition of the trend.
This indicator was built to help you quickly identify the Bullish or Bearish nature of the current trend with a live color changing label so you can glance at the label and understand it's direction without analyzing the indicator data.
***MARKETS***
This indicator can be used as a signal on all markets, including stocks, crypto, futures and forex.
***TIMEFRAMES***
This mom + mfi + rsi indicator can be used on all timeframes.
***TIPS***
Try using numerous indicators of ours on your chart so you can instantly see the bullish or bearish trend of multiple indicators in real time without having to analyze the data. Some of our favorites are our Auto Fibonacci, Directional Movement Index, Volume Profile, Auto Support And Resistance and Money Flow Index in combination with this indicator. They all have real time Bullish and Bearish labels as well so you can immediately understand each indicator's trend.
Share market aasan hai CPR with MA & VWAP This script will allow to add CPR with Standard Pivots and 4 Indicators.
Standard Pivot has 9 levels of support and 9 levels of resistance lines. It has CPR , 3 levels of Day-wise pivots , 3 levels of Weekly pivots and 3 Levels of Monthly Pivots .
In Addition to the CPR and Pivot , this script will allow user to Add 4 more Indicators - SMA , EMA , VWAP and SuperTrend as well.
All the Support and resistance levels can be enabled / disabled from settings. It will allow to select multiple combinations of support and resistance levels across 3 levels at any of the 3 time-frames individually and combined.
All 4 Indicators can be can be enabled / disabled from settings. This will allow the indicators to be plotted individually and combined along with any combination of CPR & Pivots .
These number of combinations will allow user to visualize the charts with desired indicators, pivot support & resistance levels on all or any of the 3 time frames.
For Ease of access, listed few points on how the script works..
- CPR and day-wise level 1 & 2 (S1 & R1) enabled by default and can be changed from settings
- Day-wise Level 2 & 3 (S2, R2, S3 & L3) can be enabled from settings
- Weekly 3 levels and Monthly 3 levels can be enabled from settings
- CPR & pivot levels colored in blue lines
- All support levels colored in Green
- All resistance levels Colored in Red
- Day-wise pivot , support & resistance are straight lines
- Weekly pivot , support & resistance are cross (+) lines
- Weekly pivot , support & resistance are circle (o) lines
- SMA , EMA , VWAP and SuperTrend Enabled by Default
- SMA
- EMA
- SuperTrend
Realtime Delta Volume Action [LucF]█ OVERVIEW
This indicator displays on-chart, realtime, delta volume and delta ticks information for each bar. It aims to provide traders who trade price action on small timeframes with volume and tick information gathered as updates come in the chart's feed. It builds its own candles, which are optimized to display volume delta information. It only works in realtime.
█ WARNING
This script is intended for traders who can already profitably trade discretionary on small timeframes. The high cost in fees and the excitement of trading at small timeframes have ruined many newcomers to trading. While trading at small timeframes can work magic for adrenaline junkies in search of thrills rather than profits, I DO NOT recommend it to most traders. Only seasoned discretionary traders able to factor in the relatively high cost of such a trading practice can ever hope to take money out of markets in that type of environment, and I would venture they account for an infinitesimal percentage of traders. If you are a newcomer to trading, AVOID THIS TOOL AT ALL COSTS — unless you are interested in experimenting with the interpretation of volume delta combined with price action. No tool currently available on TradingView provides this type of close monitoring of volume delta information, but if you are not already trading small timeframes profitably, please do not let yourself become convinced that it is the missing piece you needed. Avoid becoming a sucker who only contributes by providing liquidity to markets.
The information calculated by the indicator cannot be saved on charts, nor can it be recalculated from historical bars.
If you refresh the chart or restart the script, the accumulated information will be lost.
█ FEATURES
Key values
The script displays the following key values:
• Above the bar: ticks delta (DT), the total ticks for the bar, the percentage of total ticks that DT represents (DT%)
• Below the bar: volume delta (DV), the total volume for the bar, the percentage of total volume that DV represents (DV%).
Candles
Candles are composed of four components:
1. A top shaped like this: ┴, and a bottom shaped like this: ┬ (picture a normal Japanese candle without a body outline; the values used are the same).
2. The candle bodies are filled with the bull/bear color representing the polarity of DV. The intensity of the body's color is determined by the DV% value.
When DV% is 100, the intensity of the fill is brightest. This plays well in interpreting the body colors, as the smaller, less significant DV% values will produce less vivid colors.
3. The bright-colored borders of the candle bodies occur on "strong bars", i.e., bars meeting the criteria selected in the script's inputs, which you can configure.
4. The POC line is a small horizontal line that appears to the left of the candle. It is the volume-weighted average of all price updates during the bar.
Calculations
This script monitors each realtime update of the chart's feed. It first determines if price has moved up or down since the last update. The polarity of the price change, in turn, determines the polarity of the volume and tick for that specific update. If price does not move between consecutive updates, then the last known polarity is used. Using this method, we can calculate a running volume delta and ticks delta for the bar, which becomes the bar's final delta values when the bar closes (you can inspect values of elapsed realtime bars in the Data Window or the indicator's values). Note that these values will all reset if the script re-executes because of a change in inputs or a chart refresh.
While this method of calculating is not perfect, it is by far the most precise way of calculating volume delta available on TradingView at the moment. Calculating more precise results would require scripts to have access to tick data from any chart timeframe. Charts at seconds timeframes do use exchange/broker ticks when the feeds you are using allow for it, and this indicator will run on them, but tick data is not yet available from higher timeframes. Also, note that the method used in this script is far superior to the intrabar inspection technique used on historical bars in my other "Delta Volume" indicators. This is because volume and ticks delta here are calculated from many more realtime updates than the available intrabars in history. Unfortunately, the calculation method used here cannot be used on historical bars, where intrabar inspection remains, in my opinion, the optimal method.
Inputs
The script's inputs provide many ways to personalize all the components: what is displayed, the colors used to display the information, and the marker conditions. Tooltips provide details for many of the inputs; I leave their exploration to you.
Markers
Markers provide a way for you to identify the points of interest of your choice on the chart. You control the set of conditions that trigger each of the five available markers.
You select conditions by entering, in the field for each marker, the number of each condition you want to include, separated by a comma. The conditions are:
1 — The bar's polarity is up/dn.
2 — `close` rises/falls ("rises" means it is higher than its value on the previous bar).
3 — DV's polarity is +/–.
4 — DV% rises (↕).
5 — POC rises/falls.
6 — The quantity of realtime updates rises (↕).
7 — DV > limit (You specify the limit in the inputs. Since DV can be +/–, DV– must be less than `–limit` for a short marker).
8 — DV% > limit (↕).
9 — DV+ rises for a long marker, DV– falls for a short.
10 — Consecutive DV+/DV– on two bars.
11 — Total volume rises (↕).
12 — DT's polarity is +/–.
13 — DT% rises (↕).
14 — DT+ rises for a long marker, DT– falls for a short.
Conditions showing the (↕) symbol do not have symmetrical states; they act more like filters. If you only include condition 4 in a marker's setup, for example, both long and short markers will trigger on bars where DV% rises. To trigger only long or short markers, you must add a condition providing directional differentiation, such as conditions 1 or 2. Accordingly, you would enter "1,4" or "2,4".
For a marker to trigger, ALL the conditions you specified for it must be met. Long markers appear on the chart as "Mx▲" signs under the values displayed below candles. Short markers display "Mx▼" over the number of updates displayed above candles. The marker's number will replace the "x" in "Mx▲". The script loads with five markers that will not trigger because no conditions are associated with them. To activate markers, you will need to select and enter the set of conditions you require for each one.
Alerts
You can configure alerts on this script. They will trigger whenever one of the configured markers triggers. Alerts do not repaint, so they trigger at the bar's close—which is also when the markers will appear.
█ HOW TO USE IT
As a rule, I do not prescribe expected use of my indicators, as traders have proved to be much more creative than me in using them. Additionally, I tend to think that if you expect detailed recommendations from me to be able to use my indicators, it's a sign you are in a precarious situation and should go back to the drawing board and master the necessary basics that will allow you to explore and decide for yourself if my indicators can be useful to you, and how you will use them. I will make an exception for this thing, as it presents fairly novel information. I will use simple logic to surmise potential uses, as contrary to most of my other indicators, I have NOT used this one to actually trade. Markets have a way of throwing wrenches in our seemingly bullet-proof rationalizing, so drive cautiously and please forgive me if the pointers I share here don't pan out.
The first thing to do is to disable your normal bars. You can do this by clicking on the eye icon that appears when you hover over the symbol's name in the upper-left corner of your chart.
The absolute value and polarity of DV mean little without perspective; that's why I include both total volume for the bar and the percentage that DV represents of that total volume. I interpret a low DV% value as indecision. If you share that opinion, you could, let's say, configure one of the markers on "DV% > 80%", for example (to do so you would enter "8" in the condition field of any marker, and "80" in the limit field for condition 8, below the marker conditions).
I also like to analyze price action on the bar with DV%. Small DV% values should often produce small candle bodies. If a small DV% value occurs on a bar with much movement and high volume, I'm thinking "tough battle with potential explosive power when one side wins". Conversely, large bodies with high DV% mean that large volume is breaching through multiple levels, or that nobody is suddenly willing to take the other side of a normal volume of trades.
I find the POC lines really interesting. First, they tell us the price point where the most significant action (taking into account both price occurrences AND volume) during the bar occurred. Second, they can be useful when compared against past values. Third, their color helps us in figuring out which ones are the most significant. Unsurprisingly, bunches of orange POCs tend to appear in consolidation zones, in pauses, and before reversals. It may be useful to often focus more on POC progression than on `close` values. This is not to say that OHLC values are not useful; looking, as is customary, for higher highs or lower lows, or for repeated tests of precise levels can of course still be useful. I do like how POCs add another dimension to chart readings.
What should you do with the ticks delta above bars? Old-time ticker tape readers paid attention to the sounds coming from it (the "ticker" moniker actually comes from the sound they made). They knew activity was picking up when the frequency of the "ticks" increased. My thinking is that the total number of ticks will help you in the same way, since increasing updates usually mean growing interest—and thus perhaps price movement, as increasing volatility or volume would lead us to surmise. Ticks delta can help you figure out when proportionally large, random orders come in from traders with other perspectives than the short-term price action you are typically working with when you use this tool. Just as volume delta, ticks delta are one more informational component that can help you confirm convergence when building your opinions on price action.
What are strong bars? They are an attempt to identify significance. They are like a default marker, except that instead of displaying "Mx▲/▼" below/above the bar, the candle's body is outlined in bright bull/bear color when one is detected. Strong bars require a respectable amount of conditions to be met (you can see and re-configure them in the inputs). Think of them as pushes rather than indications of an upcoming, strong and multi-bar move. Pushes do, for sure, often occur at the beginning of strong trends. You will often see a few strong bars occur at 2-3 bar intervals at the beginning or middle of trends. But they also tend to occur at tops/bottoms, which makes their interpretation problematic. Another pattern that you will see quite frequently is a final strong bar in the direction of the trend, followed a few bars later by another strong bar in the reverse direction. My summary analyses seemed to indicate these were perhaps good points where one could make a bet on an early, risky reversal entry.
The last piece of information displayed by the indicator is the color of the candle bodies. Three possible colors are used. Bull/bear is determined by the polarity of DV, but only when the bar's polarity matches that of DV. When it doesn't, the color is the divergence color (orange, by default). Whichever color is used for the body, its intensity is determined by the DV% value. Maximum intensity occurs when DV%=100, so the more significant DV% values generate more noticeable colors. Body colors can be useful when looking to confirm the convergence of other components. The visual effect this creates hopefully makes it easier to detect patterns on the chart.
One obvious methodology that comes to mind to trade with this tool would be to use another indicator like Technical Ratings at a higher timeframe to identify the larger context's trend, and then use this tool to identify entries for short-term trades in that direction.
█ NOTES AND RAMBLINGS
Instant Calculations
This indicator uses instant values calculated on the bar only. No moving averages or calculations involving historical periods are used. The only exception to this rule is in some of the marker conditions like "Two consecutive DV+ values", where information from the previous bar is used.
Trading Small vs Long Timeframes
I never trade discretionary at the 5sec–5min timeframes this indicator was designed to be used with; I trade discretionary at 1D, 1W and 1M timeframes, and let systems trade at smaller timeframes. The higher the timeframe you trade at, the fewer fees you will pay because you trade less and are not churning trading volume, as is inevitable at smaller timeframes. Trading at higher timeframes is also a good way to gain an instant edge on most of the trading crowd that has its nose to the ground and often tends to forget the big picture. It also makes for a much less demanding trading practice, where you have lots of time to research and build your long-term opinions on potential future outcomes. While the future is always uncertain, I believe trades riding on long-term trends have stronger underlying support from the reality outside markets.
To traders who will ask why I publish an indicator designed for small timeframes, let me say that my main purpose here is to showcase what can be done with Pine. I often see comments by coders who are obviously not aware of what Pine is capable of in 2021. Since its humble beginnings seven years ago, Pine has grown and become a serious programming language. TradingView's growing popularity and its ongoing commitment to keep Pine accessible to newcomers to programming is gradually making Pine more and more of a standard in indicator and strategy programming. The technical barriers to entry for traders interested in owning their trading practice by developing their personal tools to trade have never been so low. I am also publishing this script because I value volume delta information, and I present here what I think is an original way of analyzing it.
Performance
The script puts a heavy load on the Pine runtime and the charting engine. After running the script for a while, you will often notice your chart becoming less responsive, and your chart tab can take longer to activate when you go back to it after using other tabs. That is the reason I encourage you to set the number of historical values displayed on bars to the minimum that meets your needs. When your chart becomes less responsive because the script has been running on it for many hours, refreshing the browser tab will restart everything and bring the chart's speed back up. You will then lose the information displayed on elapsed bars.
Neutral Volume
This script represents a departure from the way I have previously calculated volume delta in my scripts. I used the notion of "neutral volume" when inspecting intrabar timeframes, for bars where price did not move. No longer. While this had little impact when using intrabar inspection because the minimum usable timeframe was 1min (where bars with zero movement are relatively infrequent), a more precise way was required to handle realtime updates, where multiple consecutive prices often have the same value. This will usually happen whenever orders are unable to move across the bid/ask levels, either because of slow action or because a large-volume bid/ask level is taking time to breach. In either case, the proper way to calculate the polarity of volume delta for those updates is to use the last known polarity, which is how I calculate now.
The Order Book
Without access to the order book's levels (the depth of market), we are limited to analyzing transactions that come in the TradingView feed for the chart. That does not mean the volume delta information calculated this way is irrelevant; on the contrary, much of the information calculated here is not available in trading consoles supplied by exchanges/brokers. Yet it's important to realize that without access to the order book, you are forfeiting the valuable information that can be gleaned from it. The order book's levels are always in movement, of course, and some of the information they contain is mere posturing, i.e., attempts to influence the behavior of other players in the market by traders/systems who will often remove their orders when price comes near their order levels. Nonetheless, the order book is an essential tool for serious traders operating at intraday timeframes. It can be used to time entries/exits, to explain the causes of particular price movements, to determine optimal stop levels, to get to know the traders/systems you are betting against (they tend to exhibit behavioral patterns only recognizable through the order book), etc. This tool in no way makes the order book less useful; I encourage all intraday traders to become familiar with it and avoid trading without one.
[blackcat] L1 Swing Reversal IndicatorLevel: 1
Background
Many asked me about swing reversal indicators. There are many but less of them can guarantee high win rate. Because market is complex, the reversals can be nested together, which means sub level reversals will be contained in higher level waves. This can be well explained by Elloit wave theory.
Function
Here it is a simple moving average based swing reversal indicator as an example for many others to improve it. Although it simple, it could be very powerful to dedicated trading pairs in specific time frame. One can adjust N1~N4 as SMA peiords from short to long to customized this indicator or even by trying different moving average types to enhance its accuracy.
Key Signal
N1~N4 --> SMA look back periods
OB --> Overbought Threshold
OS --> Oversold Threshold
Pros and Cons
Simpe but powerful. More feedbacks are appreciated.
Remarks
Easy to be customized or integrated to your trading system.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
[blackcat] L2 Ehlers Early Onset TrendLevel: 2
Background
John F. Ehlers introuced Early Onset Trend Indicator in Aug, 2014.
Function
In “The Quotient Transform” in Aug, 2014, John Ehlers described an early trend detection method, the idea of the quotient transform, that was designed to reduce the lag often found in other trend indicators. I provided a script with pine v4 code here for the early-onset trend-detection indicator and also describes an approach for creating a strategy based on this indicator as an example.
The entry points displayed in blue on the price chart are defined by the top Onset Trend Detector upper quotient crossing above a threshold value e.g zero or 0.25/-0.25 here in this script. In the article, Ehlers suggested using a different K value for the exit, so the exit points are determined by the lower Onset Trend Detector quotient crossing below a threshold e.g. zero or -0.25/0.25 here in this script.
Key Signal
Quotient1 --> upper quotient in yellow which determines long entry
Quotient2 --> lower quotient in fuchsia which determines short entry
long ---> long entry signal
short ---> short entry signal
Pros and Cons
100% John F. Ehlers definition translation, even variable names are the same. This help readers who would like to use pine to read his book.
Remarks
The 82th script for Blackcat1402 John F. Ehlers Week publication.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
[blackcat] L2 Ehlers DFT-Adapted RSILevel: 2
Background
John F. Ehlers introuced his DFT-ADAPTED RELATIVE STRENGTH INDEX (RSI) in Jan, 2007.
Function
In "Fourier Transform For Traders" in Jan, 2007, John Ehlers presented an interesting technique of improving the resolution of spectral analysis that could be used to effectively measure market cycles. Better resolution is obtained by a surprisingly simple modification of the discrete Fourier transform. John Ehlers suggests using the discrete Fourier transform (DFT) to tune indicators. Here, I demonstrate this by building a DFT-adapted relative strength index (RSI) strategy.
Rather than display the RSI for a single cycle length across the entire chart, Ehlers DFT adaptive RSI value reflects the DFT-calculated dominant cycle length RSI. If the dominant cycle changes from 14 to 18 bars, the RSI length parameter changes accordingly. Computationally, this requires the strategy to continuously update values for all possible RSI cycle lengths via a "for" loop and array.
In details, a full-featured formula that implements a high-pass filter (HP) and a six-tap low-pass finite impulse response (FIR) filter on input, then does discrete Fourier transform calculations. I has taken liberty of adding extra parameters so the user can modify the analysis window length and the high-pass filter cutoff frequency in real time using the parameters window. Once the suite of possible RSI values is calculated, we use the DFT to select the relevant RSI for the current bar. The strategy then trades according to J. Welles Wilder's original rules for the RSI.
Key Signal
fastline--> DFT-ADAPTED RELATIVE STRENGTH INDEX (RSI) fast line
slowline--> DFT-ADAPTED RELATIVE STRENGTH INDEX (RSI) slow line
Pros and Cons
100% John F. Ehlers definition translation, even variable names are the same. This help readers who would like to use pine to read his book.
Remarks
The 71th script for Blackcat1402 John F. Ehlers Week publication.
Based on original work of Ehlers, I added ALMA smoothing on DFT-adapted relative strength index (RSI) so that clearer trend can be observed.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
[blackcat] L2 Ehlers Hilbert Channel Breakout Trading SystemLevel: 2
Background
John F. Ehlers introuced Hilbert Channel Breakout Trading System in Nov, 2000.
Function
This indicator will show how the adaptive filter is being applied to a trading strategy. After the Hilbert Channel Breakout Signal is optimized, set the inputs for this indicator to match the corresponding inputs for the signal.
In the March 2000 STOCKS & COMMODITIES, John Ehlers published a algorithm for the Hilbert cycle period, an indicator that plots the length of the current market cycle. The Hilbert transform achieved computational efficiency by using a two-dimensional numbering system. Unfortunately, this introduces amplitude error in calculating the quadrature component. Dr. Ehlers compensated for this error. He have updated the method of compensating for the amplitude error by applying a straight-line compensation term using the frequency calculation from one bar ago. This is possible because the cycle period cannot change drastically from bar to bar. The slowly varying cycle period is adequate to do a good job of amplitude compensation.
In addition, Dr. Ehlers have used a different way to compute the cycle period. He used a homodyne discriminator because it exhibits superior performance in a low signal-to-noise environment. Homodyne means he used the signal multiplied by itself one bar ago to produce a zero-frequency beat note. This beat note carries the phase angle of the one-bar change. Still using the basic definition of a cycle, the one-bar rate of change of phase is exactly the cycle period.
Here is the pine v4 code to generate the signals in the Hilbert channel breakout trading system, as discussed in Dr. Ehlers article in this issue, "Optimizing With Hilbert Indicators." The signal itself is a simple channel breakout system that generates buy and exit signals, that shows whether the system is long or flat; the high of the bar and the value of the entry channel; and the low of the bar and the value of the exit channel. This helps you see on a bar-by-bar basis exactly how the system is behaving.
Key Signal
longcond--> when high breakouts EntryChannel to long
shortcond--> when low breakouts ExitChannel to short
Pros and Cons
100% John F. Ehlers definition translation, even variable names are the same. This help readers who would like to use pine to read his book.
Remarks
The 66th script for Blackcat1402 John F. Ehlers Week publication.
I tested it and believe it work better in small time frame e.g. 15m than large time frames.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
[blackcat] L2 Ehlers FRAMALevel: 2
Background
John F. Ehlers introuced Fractal Adaptive Moving Average (FRAMA) in 2004.
Function
The objective of using filters is to separate the desired signals from the undesired signals (or noise). The practical application of moving averages often involves a tradeoff between the amount of smoothness required and the amount of lag that can be tolerated. Moving averages have this problem because the price data is not stationary, and may have different bandwidths over different time intervals. Various momentum-adaptive filtering techniques have been developed to take advantage of the nonstationary structure of prices. Adaptive filters have also been developed based on price statistics and the cyclic content of the price data . Dr. Ehlers described a different class of filters that monitor a different measure of temporal nonstationarity and alters their bandwidth in response to this measure.
There is no argument that market prices are fractal. Fractal shapes are self-similar because they tend to have the same roughness and sparseness regardless of the magnification used to view them. If you remove the labels from a 5 minute chart, a daily chart, and a weekly chart you would have difficulty telling them apart. This is the characteristic that makes them fractal. The self-similarity can be defined by the fractal dimension that describes the sparseness at all magnification levels.
To determine the fractal dimension of a generalized pattern, Dr. Ehlers cover the pattern with a number “N” of small objects of several various sizes “s”. As with any moving average, we are forced to compromise between responsiveness and smoothness. FRAMA can be a valuable weapon in your arsenal of technical indicators. It rapidly follows significant changes in price but becomes very flat in congestion zones so that bad whipsaw trades can be eliminated.
Key Signal
Filt --> FRAMA fast line
Trigger --> FRAMA slow line
Pros and Cons
100% John F. Ehlers definition translation, even variable names are the same. This help readers who would like to use pine to read his book.
Remarks
The 63th script for Blackcat1402 John F. Ehlers Week publication.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
[blackcat] L2 Ehlers Optimum PredictorLevel: 2
Background
John F. Ehlers introuced Optimum Predictor in his "Rocket Science for Traders" chapter 20 on 2001.
Function
As we have seen before, the majority of the code involves the computation of the period using the Homodyne Discriminator algorithm. Once the period has
been computed, the Optimum Predictor is found in just a few lines of code. First, the minimum-length Hilbert Transformer is used to compute the Detrender2 value from the prices that have been smoothed by the 4-bar Weighted Moving Average (WMA). Detrender2 is smoothed in the 4-bar WMA to produce Smooth2. The alpha of the EMA is computed from the computed period, and the EMA of Smooth2 is taken using that alpha and is called the DetrendEMA. The difference between Smooth2 and the
DetrendEMA is multiplied by 1.4 to produce the Predict phasor. Finally, the Smooth2 and Predict phasors are plotted as indicators.
The Optimum Predictor is plotted as the subgraph below the price chart. Buy and sell signals occur when the Predict and Smooth2 lines cross. Based on Dr. Ehlers comments, most of these signals are indeed prescient. The Optimum Predictor could probably work best in trading systems when used in conjunction with other
rules to eliminate the false signals.
Key Signal
Smooth --> 4 bar WMA w/ 1 bar lag
Detrender --> The amplitude response of a minimum-length HT can be improved by adjusting the filter coefficients by
trial and error. HT does not allow DC component at zero frequency for transformation. So, Detrender is used to remove DC component/ trend component.
Q1 --> Quadrature phase signal
I1 --> In-phase signal
Period --> Dominant Cycle in bars
SmoothPeriod --> Period with complex averaging
Predict --> fast line of optimum predictor
Smooth2 --> slow line of optimum predictor
Pros and Cons
100% John F. Ehlers definition translation of original work, even variable names are the same. This help readers who would like to use pine to read his book. If you had read his works, then you will be quite familiar with my code style.
Remarks
The 16th script for Blackcat1402 John F. Ehlers Week publication.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
[blackcat] L1 Improved MACD IndicatorLevel: 1
Background
The MACD is a superior derivative of moving average crossovers and was developed by Gerald Appel in 1979 as a market timing tool. MACD uses two exponential moving averages with different bar periods, which are then subtracted to form what Mr. Appel calls the Fast Line. A 9-period moving average of the fast line creates the slow line.
Function
L1 Improved MACD Indicator mainly improves MACD histogram by customized an algorithm and add three levels of long entry alerts derived from ema().
Key Signal
buy1 --> the 1st level of buy alert in green
buy2 --> the 2nd level of buy alert in lime
buy3 --> the 3rd level of buy alert in yellow
diff --> classic MACD diff fast line in white
dea --> classic MACD dea slow line in yellow
macd --> classic difference histogram,but I did not use it directly in the plot.
Pros and Cons
Pros:
1. more clear sub level trend change with new histograms
2. three levels of buy alerts
Cons:
1. need sophisticated knowledge of MACD to use this well
2. this still requires a lot of MACD experience to obtain reliable trading signals
Remarks
I am a fan of MACD. Even the most classic MACD can have in-depth usage. I think MACD is the king of indicators.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
L1 Mid-Term Swing Oscillator v1Level: 1
Background
Oscillators are widely used set of technical analysis indicators. They are popular primarily for their ability to alert of a possible trend change before that change manifests itself in price and volume . They should work best in times of sideways markets.
Function
L1 Short-Mid-Long-Term Swing Oscillator puts three terms of oscillators to cover short-term, middle-term and long-term oscillators at the same time. By resonating all these three oscillators, short-term scalping signal and middle term swing signal are disclosed. You can see both short and mid term signal under one indicator which give you more confidence to follow the trend.
Key Signal
I didn't handle the key signals well. I piled up all the useful signals I found, and it is really difficult to classify them one by one. I feel tired when I think about this problem. Therefore, the code of the overall signal is rather confusing, sorry.
Pros and Cons
Pros:
1. Three oscillators are used to cover short, mid, long term oscillations.
2. Short-Mid term resonance can be observed to have higher confidence level.
3. Use single indicator for scalping and swing trading is possible.
Cons:
1. No deep dive into very accurate long and short entries.
2. A trade off between sensitivity and stability may be needed by traders' subjective judge.
Remarks
I enjoyed the fun of put three different oscillator together to cover short, mid, long terms. But how to use them perfectly is really more brainstorming.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
CPR with SMA, EMA, VWAP & Super Trend by GuruprasadMeduriThis script will allow to add CPR with Standard Pivots and 4 Indicators.
Standard Pivot has 9 levels of support and 9 levels of resistance lines. It has CPR , 3 levels of Day-wise pivots , 3 levels of Weekly pivots and 3 Levels of Monthly Pivots .
In Addition to the CPR and Pivot, this script will allow user to Add 4 more Indicators - SMA, EMA, VWAP and SuperTrend as well.
All the Support and resistance levels can be enabled / disabled from settings. It will allow to select multiple combinations of support and resistance levels across 3 levels at any of the 3 time-frames individually and combined.
All 4 Indicators can be can be enabled / disabled from settings. This will allow the indicators to be plotted individually and combined along with any combination of CPR & Pivots.
These number of combinations will allow user to visualize the charts with desired indicators, pivot support & resistance levels on all or any of the 3 time frames.
For Ease of access, listed few points on how the script works..
- CPR and day-wise level 1 & 2 (S1 & R1) enabled by default and can be changed from settings
- Day-wise Level 2 & 3 (S2, R2, S3 & L3) can be enabled from settings
- Weekly 3 levels and Monthly 3 levels can be enabled from settings
- CPR & pivot levels colored in blue lines
- All support levels colored in Green
- All resistance levels Colored in Red
- Day-wise pivot , support & resistance are straight lines
- Weekly pivot , support & resistance are cross (+) lines
- Weekly pivot , support & resistance are circle (o) lines
- SMA, EMA, VWAP and SuperTrend Enabled by Default
- SMA Colored in Orange
- EMA Colored in Red
- EMA Colored in Teal
- SuperTrend Colored in standard Red & Green with triangle arrows
- Any combinations can be selected from settings-> Inputs & style
Your CRYPTO Screener - MACD 0 LAG editionHello traders
What's good?
1 - Quick introduction
This script is to demonstrate a proof-of-concept - showing you again what you thought wasn't possible might become (with some tricks) in the realm of possibles !!!.
I get requests for people who want a custom screener because the native TradingView Stocks/Forex/Crypto screeners don't allow to plug external indicators. (example: www.tradingview.com
This is entirely true and I have also good news for you, we can hack the system one more time. As Hackerman would say, "IT"S HACKING TIME !!!" (ref : KUNG FURY . (#geek #reference #done #for #today)
What if you could build your own personalized screener based on your custom indicator? "No Dave stop smoking, that's not possible, go back to eating your baguette". Say no more, let me present you my new script called YOUR CRYPTO Screener (MACD 0 LAG)
2 - What is a MACD ZERO LAG?
We'll all agree this indicator is NOT in the TradingView screeners so I'm not cheating here :)
A MACD ZERO LAG is a MACD that .... suspens.... wait for it.... DOES NOT lag.
The traditional MACD is based on exponential moving averages and as moving averages are lagging, then the MACD is lagging also. I'll spare you all the maths behind the MACD ZERO LAG but in short, this is a way more reactive indicator than the traditional MACD
I shared before the version that I personally use for my own trading : MACD 0 LAG nTREND coloring
3 - Crypto Screener specifications
If I could do a screener as complete as the native one, this would be wonderful but ... we cannot and this is due to technical reasons. To call indicators from different timeframes, I have to use the security function. And we're limited to 40 security calls per indicator.
That explains why I selected 4 crypto assets and 5 timeframes and the MACD zero lag output for each asset/timeframe - which gives a total of 4 * 5 * 2 = 40
You'll be able to select from the interface the 5 timeframes that you want for your screener
In this script, you'll get a :
- BUY whenever the MACD ZERO LAG for your asset/timeframe is green.
- SELL whenever the MACD ZERO LAG for your asset/timeframe is red.
4 - Can you hack it even more?
If you want to add other timeframes or assets, you can either, change the code or add the indicator on another chart.
I made the source code generic enough so that you can update it yourself easily
Example:
Chart 1 will list BTCUSD, ETHUSD, LTCUSD, and XRPUSD in m5/m15/m30/H1/H4 and Chart2 could list BTCUSD, ETHUSD, LTCUSD and XRPUSD in H6/H8/H12/Daily, etc...
Once again the sky (and your computer RAM capacity) is the limit
5 - Can you super hack it even more?
1/ This script is only a proof-of-concept that you can build your own custom screener. Imagine having the Algorithm Builder and being able to connect it in a single click to a custom screener using your own configuration :)
How coooooooooooooooool would that be!!!
This screener version will be available on my website in a few weeks along with all the tools I'm spamming you about since the beginning of July (#shameless #self-advertising)
2/ For a nicer scripter, let's keep in mind that TradingView just enabled Webhooks this week. This will allow my company to offer custom screeners design and hosted on your own website. Those screeners will be for sure nicer than the indicator version
That's it for today and for this week
I won't even touch the laptop this weekend and will enjoy life a bit
Love you all
Dave
____________________________________________________________
Be sure to hit the thumbs up. Building those indicators take a lot of time and likes are always rewarding for me :) (tips are accepted too)
- If you want to suggest some indicators that I can develop and share with the community, please use my personal TRELLO board
- I'm an officially approved PineEditor/LUA/MT4 approved mentor on codementor. You can request a coaching with me if you want and I'll teach you how to build kick-ass indicators and strategies
Jump on a 1 to 1 coaching with me
- You can also hire for a custom dev of your indicator/strategy/bot/chrome extension/python
TRAILING STOP LOSS TO LONG AND SHORT##THIS SCRIPT IS ON GITHUB
This TradingView strategy it is designed to integrate with other strategies with indicators.
It performs a trailing stop loss from entry and exit conditions.
In this strategy you can add conditions for long and short positions.
The strategy will ride up your stop loss when price moviment 1%.
The strategy will close your operation when the market price crossed the stop loss.
Also is possible to select the period that strategy will execute the backtest.
The strategy has the following parameters:
+ **INITIAL STOP LOSS** - Where can isert the value to first stop.
+ **POSITION TYPE** - Where can to select trade position.
+ **BACKTEST PERIOD** - To select range.
## DISCLAIMER
1. I am not licensed financial advisors or broker dealers. I do not tell you when or what to buy or sell. I developed this software which enables you execute manual or automated trades multiple trades using TradingView. The software allows you to set the criteria you want for entering and exiting trades.
2. Do not trade with money you cannot afford to lose.
3. I do not guarantee consistent profits or that anyone can make money with no effort. And I am not selling the holy grail.
4. Every system can have winning and losing streaks.
5. Money management plays a large role in the results of your trading. For example: lot size, account size, broker leverage, and broker margin call rules all have an effect on results. Also, your Take Profit and Stop Loss settings for individual pair trades and for overall account equity have a major impact on results. If you are new to trading and do not understand these items, then I recommend you seek education materials to further your knowledge.
**YOU NEED TO FIND AND USE THE TRADING SYSTEM THAT WORKS BEST FOR YOU AND YOUR TRADING TOLERANCE.**
**I HAVE PROVIDED NOTHING MORE THAN A TOOL WITH OPTIONS FOR YOU TO TRADE WITH THIS PROGRAM ON TRADINGVIEW.**
## NOTE
I accept suggestions to improve the script.
If you encounter any problems I will be happy to share with me.
+ Authors: @exit490
+ Revision: v1.0.0
+ Date: 03-Aug-2019
+ Pinescript version: 4
## LICENSE
Copyright 2019 Mauricio Pimenta / exit490
Trailing Stop Loss script may be freely distributed under the MIT license .
Weight of Evidence BF**For Stocks (requires volume data) **
The premise of this indicator is that the wisdom of many is greater than one. The idea is you can throw out most of your indicators and simply adopt the Weight of the Evidence instead.
Eight indicators and five periods combine to give forty separate readings on a stock. These are all checked against a threshold to give a pass or fail score. The total is taken and a score is given out of 100 in increments of 2.5.
Four indicators are momentum-based: EMA, RSI, PercentRank, Lower Donchian Channel
Three are price-volume based:On Balance Volume, Price Volume Trend, Accumulation/Distribution
One is volatility-based: (Simplified) Volatility Stop
I have tried to make things simple with the entered periods being applied to all indicators. For some like on balance volume its actually a look back period for comparison of values. For the volatility stop I use the 3rd period for lookback and combine with 1 to 5 times ATR.
As this is a stepped function which can react rapidly it makes sense to smooth it with something like a 3-bar EMA, which is included by default.
Play around with the periods and different bar lengths to find something you like. I actually chose the default values with daily bars in mind but it seems to work well on weeklies! If you have other preferred indicators you could edit this script and substitute your own, although it is easiest to stick with the built-in functions as I have done.
Let me know how you get on with this and good trading to all!
CM Willams %R and CCI BackGround HighlightCM_Willams %R and CCI BackGround Highlight
Created By User Request
Indicator Highlights:
Creates Red BackGround Highlight if CCI Or Williams %R are Above Upper Line (User Defined)
Creates Green BackGround Highlight if CCI Or Williams %R are Below Lower Line (User Defined)
Ability to Turn On/Off either Williams %R or CCI Highlights in Inputs Tab via Check Boxes.
Ability To Set All Parameters for CCI and Williams %R in Inputs Tab.
Ability to Set High/Low “Threshold” Lines for Both CCI and Williams %R in Inputs Tab.
***I was asked if you could plot Back Ground Highlights on Two Individual Indicators AND have it show if BOTH Indicators were Overbought and Oversold.
***The answer is Yes. On the Chart Above I have the same Shade of Red and Green for Both Indicators. However, you will notice when Both Indicators Show OverBought…Both Plot Red Back Ground Highlights Which = a Brighter Red. The same is True for Oversold Conditions. The Green Shows a Brighter Shade of Green.
***VERY IMPORTANT - It is difficult for a programmer to release Indicators with this feature because depending on what color background you use on your charts…THE COLORS LOOK COMPLETELY DIFFERENT. So If You Don’t Use The Black Back Ground Shown Above You Most Likely Will Need To Adjust The Transparency, and Possibly The Colors Themselves!!!!
Reference Page
DBG X WOLONG📊 USER GUIDE – DBG X WOLONG ALGORITHM
🎯 OVERVIEW
The DBG X WOLONG Future Algorithm is a Pine Script v5 that integrates multiple advanced technical indicators, enabling traders to analyze markets and make precise trading decisions.
⚙️ MAIN SETTINGS
🔹 Sensitivity
Value: 1–20 (Default: 6)
Function: Adjusts the sensitivity of the SuperTrend signal
Guidelines:
Low value (1–5): Fewer signals, higher accuracy
High value (15–20): More signals, but with possible noise
🎨 DISPLAY SETTINGS
🔹 Candle Colors
Version 1: Based on MACD histogram
Version 2: Based on SuperTrend
🔹 Color Themes
Theme 1: Traditional Green/Red
Theme 2: Gold/Purple
Theme 3: Blue/Orange
No Fill: No background color displayed
📊 TRADING SIGNALS
🔹 Buy/Sell Signals
BUY 🚀 appears when:
SuperTrend shifts from bearish to bullish
Closing price > SMA 13
Braid Filter confirms
SELL appears when:
SuperTrend shifts from bullish to bearish
Closing price < SMA 13
Braid Filter confirms
🔹 Reversal Signals
▲ (Up Arrow): Buy signal when RSI crosses above 30
▼ (Down Arrow): Sell signal when RSI crosses below 70
🔹 Pullback Signals
▲ Purple: Pullback in bullish trend
▼ Purple: Pullback in bearish trend
🎯 TAKE PROFIT & STOP LOSS
🔹 TP Modes
Version 1: TP based on pivot points
Version 2: TP based on regression line
Close Price: TP at candle close
🔹 TP/SL Settings
TP Ratio: 2.0 (Default)
TP Length: 150 (Default)
ATR SL Length: 10
ATR SL Risk: 1.9
🔹 Labels Displayed
ENTRY: Entry point
STOP LOSS: Stop loss point
TP 1/2/3: 3 take profit levels
☁️ MOVING AVERAGE CLOUD
🔹 Supported MA Types
SMA – Simple Moving Average
EMA – Exponential Moving Average
WMA – Weighted Moving Average
HMA – Hull Moving Average
ALMA – Arnaud Legoux Moving Average
McGinley – McGinley Dynamic
FRAMA – Fractal Adaptive Moving Average
🔹 Cloud Cycles
Default: 2, 6, 11, 18, 21, 24, 28, 34
Customizable: All 8 cycles
🔹 Ribbon Cycles
Default: 6, 13, 20, 28, 36, 45, 55, 444
Customizable: All 8 cycles
🔧 BRAID FILTER
🔹 Function
Filters out noise signals
Confirms strong trends
🔹 Settings
MA Filter: McGinley (Recommended)
Filter Strength: 80% (Default)
📈 TRENDS & INDICATORS
🔹 SuperTrend
Main trend indicator
Generates primary buy/sell signals
🔹 Advanced Ichimoku
Tenkan-Sen: Blue line
Kijun-Sen: Orange line
Senkou Span A/B: Ichimoku cloud
🔹 Trend Tracking
Based on EMA 10 vs EMA 20
Candle colors follow trend direction
🔹 Trend Catcher
Range Filter with multiple options
Adjustable sensitivity
📊 MULTI-TIMEFRAME TREND PANEL
🔹 Displayed Timeframes
1m, 3m, 5m
15m, 30m, 1H
2H, 4H, 8H, Daily
🔹 Displayed Info
Current Position: Bullish/Bearish
Trend: Per timeframe
Volume: Current trading volume
🔹 Panel Positioning
9 selectable positions
Sizes: Large, Normal, Small, Extra Small
🚀 TRADE EXECUTION
📈 LONG ENTRY
✅ Entry Conditions
BUY 🚀 signal appears
SuperTrend turns from red to green
Price > SMA 13
Braid Filter confirms (green)
Trend Panel shows "Bullish" across multiple TFs
📊 Additional Confirmations
MACD Histogram > 0 and rising
RSI crosses above 30 (if reversal signal)
EMA Pullback shows ▲ purple
🎯 Trade Management
Entry: According to ENTRY label
Stop Loss: According to STOP LOSS label
Take Profit: TP1 → TP2 → TP3
📉 SHORT ENTRY
✅ Entry Conditions
SELL signal appears
SuperTrend turns from green to red
Price < SMA 13
Braid Filter confirms (red)
Trend Panel shows "Bearish" across multiple TFs
📊 Additional Confirmations
MACD Histogram < 0 and declining
RSI crosses below 70 (if reversal signal)
EMA Pullback shows ▼ purple
🎯 Trade Management
Entry: According to ENTRY label
Stop Loss: According to STOP LOSS label
Take Profit: TP1 → TP2 → TP3
🎛️ RECOMMENDED SETTINGS
👥 For Beginners
Sensitivity: 6
Candle Colors: Version 1
Buy/Sell Signals: ON
Reversal Signals: OFF
Trend Panel: ON
🏆 For Experienced Traders
Sensitivity: 4–8 (depending on market)
Reversal Signals: ON
Pullback: ON
All indicators: ON
ATR SL Risk: 1.5–2.0
⚡ For Scalping
Sensitivity: 8–12
Timeframes: 1m, 3m, 5m
Use only: SuperTrend + Braid Filter
Quick TP: Only TP1
📊 For Swing Trading
Sensitivity: 4–6
Timeframes: 1H, 4H, 1D
Use all: Full signals
TP: All 3 levels (TP1, TP2, TP3)
⚠️ IMPORTANT NOTES
🔴 Avoid Trading When
Signals conflict across timeframes
Market is strongly ranging/sideways
Abnormally low volume
Price is at major support/resistance zones
🟢 Prefer Trading When
At least 2–3 confirmations align
Clear trend across multiple timeframes
Strong volume surge
Breakout from consolidation zone
💡 Usage Tips
Always wait for confirmation: Never enter with just 1 signal
Risk management: Place SL according to STOP LOSS label
Follow trend panel: Prioritize overall trend
Use multiple timeframes: Analyze top-down
Backtest first: Test strategy on historical data
🛠️ TROUBLESHOOTING
❓ No signals appear
Check if inputs are enabled
Adjust sensitivity
Try switching timeframe
❓ Too many false signals
Lower sensitivity
Increase Braid Filter strength
Trade only with main trend
❓ Trend panel not showing
Enable "Display Dashboard"
Select proper panel position
Adjust panel size
📞 SUPPORT
If you encounter issues using this script, please:
Carefully read this guide
Practice on a demo account
Backtest thoroughly before live trading
📈 Wishing you successful trading! 🚀
Mutanabby_AI | Fresh Algo V24Mutanabby_AI | Fresh Algo V24: Advanced Multi-Mode Trading System
Overview
The Mutanabby_AI Fresh Algo V24 represents a sophisticated evolution of multi-component trading systems that adapts to various market conditions through advanced operational configurations and enhanced analytical capabilities. This comprehensive indicator provides traders with multiple signal generation approaches, specialized assistant functions, and dynamic risk management tools designed for professional market analysis across diverse trading environments.
Primary Signal Generation Framework
The Fresh Algo V24 operates through two fundamental signal generation approaches that accommodate different market perspectives and trading philosophies. The Trending Signals Mode serves as the primary trend-following mechanism, combining Wave Trend Oscillator analysis with Supertrend directional signals and Squeeze Momentum breakout detection. This mode incorporates ADX filtering that requires values exceeding 20 to ensure sufficient trend strength exists before signal activation, making it particularly effective during sustained directional market movements where momentum persistence creates profitable trading opportunities.
The Contrarian Signals Mode provides an alternative approach targeting reversal opportunities through extreme market condition identification. This mode activates when the Wave Trend Oscillator reaches critical threshold levels, specifically when readings surpass 65 indicating potential bearish reversal conditions or drop below 35 suggesting bullish reversal opportunities. This methodology proves valuable during overextended market phases where mean reversion becomes statistically probable.
Advanced Filtering Mechanisms
The system incorporates multiple sophisticated filtering mechanisms designed to enhance signal quality and reduce false positive occurrences. The High Volume Filter requires volume expansion confirmation before signal activation, utilizing exponential moving average calculations to ensure institutional participation accompanies price movements. This filter substantially improves signal reliability by eliminating low-conviction breakouts that lack adequate volume support from professional market participants.
The Strong Filter provides additional trend confirmation through 200-period exponential moving average analysis. Long position signals require price action above this benchmark level, while short position signals necessitate price action below it. This ensures strategic alignment with longer-term trend direction and reduces the probability of trading against major market movements that could invalidate shorter-term signals.
Cloud Filter Configuration System
The Fresh Algo V24 offers four distinct cloud filter configurations, each optimized for specific trading timeframes and market approaches. The Smooth Cloud Filter utilizes the mathematical relationship between 150-period and 250-period exponential moving averages, providing stable trend identification suitable for position trading strategies. This configuration generates signals exclusively when price action aligns with cloud direction, creating a more deliberate but highly reliable signal generation process.
The Swing Cloud Filter employs modified Supertrend calculations with parameters specifically optimized for swing trading timeframes. This filter achieves optimal balance between responsiveness and stability, adapting effectively to medium-term price movements while filtering excessive market noise that typically affects shorter-term analytical systems.
For active intraday traders, the Scalping Cloud Filter utilizes accelerated Supertrend calculations designed to capture rapid trend changes effectively. This configuration provides enhanced signal generation frequency suitable for compressed timeframe strategies. The advanced Scalping+ Cloud Filter incorporates Hull Moving Average confirmation, delivering maximum responsiveness for ultra-short-term trading while maintaining signal quality through additional momentum validation processes.
Specialized Assistant Functionality
The system includes two distinct assistant modes that provide supplementary market analysis capabilities. The Trend Assistant Mode activates advanced cloud analysis overlays that display dynamic support and resistance zones calculated through adaptive volatility algorithms. These levels automatically adjust to current market conditions, providing visual guidance for identifying trend continuation patterns and potential reversal areas with mathematical precision.
The Trend Tracker Mode concentrates on long-term trend identification by displaying major exponential moving averages with color-coded fill areas that clarify directional bias. This mode maintains visual simplicity while providing comprehensive trend context evaluation, enabling traders to quickly assess broader market direction and align shorter-term strategies accordingly.
Dynamic Risk Management System
The integrated risk management system automatically adapts across all operational modes, calculating stop loss and take profit targets using Average True Range multiples that adjust to current market volatility. This approach ensures consistent risk parameters regardless of selected operational mode while maintaining relevance to prevailing market conditions.
Stop loss placement occurs at dynamically calculated distances from entry points, while three progressive take profit targets establish at customizable ATR multiples respectively. The system automatically updates these levels upon trend direction changes, ensuring current market volatility influences all risk calculations and maintains appropriate risk-reward ratios throughout trade management.
Comprehensive Market Analysis Dashboard
The sophisticated dashboard provides real-time market analysis including volatility measurements, institutional activity assessment, and multi-timeframe trend evaluation across five-minute through four-hour periods. This comprehensive market context assists traders in selecting appropriate operational modes based on current market characteristics rather than relying exclusively on historical performance data.
The multi-timeframe analysis ensures mode selection considers broader market context beyond the primary trading timeframe, improving overall strategic alignment and reducing conflicts between different temporal market perspectives. The dashboard displays market state classification, volatility percentages, institutional activity levels, current trading session information, and trend pressure indicators with professional formatting and clear visual hierarchy.
Enhanced Trading Assistants
The Fresh Algo V24 includes specialized trading assistant features that complement the primary signal generation system. The Reversal Dot functionality identifies potential reversal points through Wave Trend Oscillator analysis, displaying visual indicators when crossover conditions occur at extreme levels. These reversal indicators provide early warning signals for potential trend changes before they appear in the primary signal system.
The Dynamic Take Profit Labels feature automatically identifies optimal profit-taking opportunities through RSI threshold analysis, marking potential exit points at multiple levels for long positions and corresponding levels for short positions. This automated profit management system helps traders optimize exit timing without requiring constant manual monitoring of technical indicators.
Advanced Alert System
The comprehensive alert system accommodates all operational modes while providing granular notification control for various signal types and risk management events. Traders can configure separate alerts for normal buy signals, strong buy signals, normal sell signals, strong sell signals, stop loss triggers, and individual take profit target achievements.
Cloud crossover alerts notify traders when trend direction changes occur, providing early indication of potential strategy adjustments. The alert system includes detailed trade setup information, timeframe data, and relevant entry and exit levels, ensuring traders receive complete context for informed decision-making without requiring constant chart monitoring.
Technical Foundation Architecture
The Fresh Algo V24 combines multiple proven technical analysis components including Wave Trend Oscillator for momentum assessment, Supertrend for directional bias determination, Squeeze Momentum for volatility analysis, and various exponential moving averages for trend confirmation. Each component contributes specific market insights while the unified system provides comprehensive market evaluation through their mathematical integration.
The multi-component approach reduces dependency on individual indicator limitations while leveraging the analytical strengths of each technical tool. This creates a robust analytical framework capable of adapting to diverse market conditions through appropriate mode selection and parameter optimization, ensuring consistent performance across varying market environments.
Market State Classification
The indicator incorporates advanced market state classification through ADX analysis, distinguishing between trending, ranging, and transitional market conditions. This classification system automatically adjusts signal sensitivity and filtering parameters based on current market characteristics, optimizing performance for prevailing conditions rather than applying static analytical approaches.
The volatility measurement system calculates current market activity levels as percentages, providing quantitative assessment of market energy and helping traders select appropriate operational modes. Institutional activity detection through volume analysis ensures signal generation aligns with professional market participation patterns.
Implementation Strategy Considerations
Successful implementation requires careful matching of operational modes to prevailing market conditions and individual trading objectives. Trending modes demonstrate optimal performance during directional markets with sustained momentum characteristics, while contrarian modes excel during range-bound or overextended market conditions where reversal probability increases.
The cloud filter configurations provide varying degrees of confirmation strength, with smoother settings reducing false signal occurrence at the expense of some responsiveness to price changes. Traders must balance signal quality against signal frequency based on their risk tolerance and available trading time, utilizing the comprehensive customization options to optimize performance for their specific requirements.
Multi-Timeframe Integration
The system provides seamless multi-timeframe analysis through the integrated dashboard, displaying trend alignment across multiple time horizons from five-minute through four-hour periods. This analysis helps traders understand broader market context and avoid conflicts between different temporal perspectives that could compromise trade outcomes.
Session analysis identifies current trading session characteristics, providing context for expected market behavior patterns and helping traders adjust their approach based on typical session volatility and participation levels. This geographic market awareness enhances strategic decision-making and improves timing for trade execution.
Advanced Visualization Features
The indicator includes sophisticated visualization capabilities through gradient candle coloring based on MACD analysis, providing immediate visual feedback on momentum strength and direction. This enhancement allows rapid market assessment without requiring detailed indicator analysis, improving efficiency for traders managing multiple instruments simultaneously.
The cloud visualization system uses color-coded fill areas to clearly indicate trend direction and strength, with automatic adaptation to selected operational modes. This visual clarity reduces analytical complexity while maintaining comprehensive market information display through professional chart presentation.
Performance Optimization Framework
The Fresh Algo V24 incorporates performance optimization features including signal strength classification, automatic parameter adjustment based on market conditions, and dynamic filtering that adapts to current volatility levels. These optimizations ensure consistent performance across varying market environments while maintaining signal quality standards.
The system automatically adjusts sensitivity levels based on selected operational modes, ensuring appropriate responsiveness for different trading approaches. This adaptive framework reduces the need for manual parameter adjustments while maintaining optimal performance characteristics for each operational configuration.
Conclusion
The Mutanabby_AI Fresh Algo V24 represents a comprehensive solution for professional trading analysis, combining multiple analytical approaches with advanced visualization and risk management capabilities. The system's strength lies in its adaptive multi-mode design and sophisticated filtering mechanisms, providing traders with versatile tools for various market conditions and trading styles.
Success with this system requires understanding the relationship between different operational modes and their optimal application scenarios. The comprehensive dashboard and alert system provide essential market context and trade management support, enabling systematic approach to market analysis while maintaining flexibility for individual trading preferences.
The indicator's sophisticated architecture and extensive customization options make it suitable for traders at all experience levels, from those seeking systematic signal generation to advanced practitioners requiring comprehensive market analysis tools. The multi-timeframe integration and adaptive filtering ensure consistent performance across diverse market conditions while providing clear guidelines for strategic implementation.
Hurst Exponent Adaptive Filter (HEAF) [PhenLabs]📊 PhenLabs - Hurst Exponent Adaptive Filter (HEAF)
Version: PineScript™ v6
📌 Description
The Hurst Exponent Adaptive Filter (HEAF) is an advanced Pine Script indicator designed to dynamically adjust moving average calculations based on real time market regimes detected through the Hurst Exponent. The intention behind the creation of this indicator was not a buy/sell indicator but rather a tool to help sharpen traders ability to distinguish regimes in the market mathematically rather than guessing. By analyzing price persistence, it identifies whether the market is trending, mean-reverting, or exhibiting random walk behavior, automatically adapting the MA length to provide more responsive alerts in volatile conditions and smoother outputs in stable ones. This helps traders avoid false signals in choppy markets and capitalize on strong trends, making it ideal for adaptive trading strategies across various timeframes and assets.
Unlike traditional moving averages, HEAF incorporates fractal dimension analysis via the Hurst Exponent to create a self-tuning filter that evolves with market conditions. Traders benefit from visual cues like color coded regimes, adaptive bands for volatility channels, and an information panel that suggests appropriate strategies, enhancing decision making without constant manual adjustments by the user.
🚀 Points of Innovation
Dynamic MA length adjustment using Hurst Exponent for regime-aware filtering, reducing lag in trends and noise in ranges.
Integrated market regime classification (trending, mean-reverting, random) with visual and alert-based notifications.
Customizable color themes and adaptive bands that incorporate ATR for volatility-adjusted channels.
Built-in information panel providing real-time strategy recommendations based on detected regimes.
Power sensitivity parameter to fine-tune adaptation aggressiveness, allowing personalization for different trading styles.
Support for multiple MA types (EMA, SMA, WMA) within an adaptive framework.
🔧 Core Components
Hurst Exponent Calculation: Computes the fractal dimension of price series over a user-defined lookback to detect market persistence or anti-persistence.
Adaptive Length Mechanism: Maps Hurst values to MA lengths between minimum and maximum bounds, using a power function for sensitivity control.
Moving Average Engine: Applies the chosen MA type (EMA, SMA, or WMA) to the adaptive length for the core filter line.
Adaptive Bands: Creates upper and lower channels using ATR multiplied by a band factor, scaled to the current adaptive length.
Regime Detection: Classifies market state with thresholds (e.g., >0.55 for trending) and triggers alerts on regime changes.
Visualization System: Includes gradient fills, regime-colored MA lines, and an info panel for at-a-glance insights.
🔥 Key Features
Regime-Adaptive Filtering: Automatically shortens MA in mean-reverting markets for quick responses and lengthens it in trends for smoother signals, helping traders stay aligned with market dynamics.
Custom Alerts: Notifies on regime shifts and band breakouts, enabling timely strategy adjustments like switching to trend-following in bullish regimes.
Visual Enhancements: Color-coded MA lines, gradient band fills, and an optional info panel that displays market state and trading tips, improving chart readability.
Flexible Settings: Adjustable lookback, min/max lengths, sensitivity power, MA type, and themes to suit various assets and timeframes.
Band Breakout Signals: Highlights potential overbought/oversold conditions via ATR-based channels, useful for entry/exit timing.
🎨 Visualization
Main Adaptive MA Line: Plotted with regime-based colors (e.g., green for trending) to visually indicate market state and filter position relative to price.
Adaptive Bands: Upper and lower lines with gradient fills between them, showing volatility channels that widen in random regimes and tighten in trends.
Price vs. MA Fills: Color-coded areas between price and MA (e.g., bullish green above MA in trending modes) for quick trend strength assessment.
Information Panel: Top-right table displaying current regime (e.g., "Trending Market") and strategy suggestions like "Follow trends" or "Trade ranges."
📖 Usage Guidelines
Core Settings
Hurst Lookback Period
Default: 100
Range: 20-500
Description: Sets the period for Hurst Exponent calculation; longer values provide more stable regime detection but may lag, while shorter ones are more responsive to recent changes.
Minimum MA Length
Default: 10
Range: 5-50
Description: Defines the shortest possible adaptive MA length, ideal for fast responses in mean-reverting conditions.
Maximum MA Length
Default: 200
Range: 50-500
Description: Sets the longest adaptive MA length for smoothing in strong trends; adjust based on asset volatility.
Sensitivity Power
Default: 2.0
Range: 1.0-5.0
Description: Controls how aggressively the length adapts to Hurst changes; higher values make it more sensitive to regime shifts.
MA Type
Default: EMA
Options: EMA, SMA, WMA
Description: Chooses the moving average calculation method; EMA is more responsive, while SMA/WMA offer different weighting.
🖼️ Visual Settings
Show Adaptive Bands
Default: True
Description: Toggles visibility of upper/lower bands for volatility channels.
Band Multiplier
Default: 1.5
Range: 0.5-3.0
Description: Scales band width using ATR; higher values create wider channels for conservative signals.
Show Information Panel
Default: True
Description: Displays regime info and strategy tips in a top-right panel.
MA Line Width
Default: 2
Range: 1-5
Description: Adjusts thickness of the main MA line for better visibility.
Color Theme
Default: Blue
Options: Blue, Classic, Dark Purple, Vibrant
Description: Selects color scheme for MA, bands, and fills to match user preferences.
🚨 Alert Settings
Enable Alerts
Default: True
Description: Activates notifications for regime changes and band breakouts.
✅ Best Use Cases
Trend-Following Strategies: In detected trending regimes, use the adaptive MA as a trailing stop or entry filter for momentum trades.
Range Trading: During mean-reverting periods, monitor band breakouts for buying dips or selling rallies within channels.
Risk Management in Random Markets: Reduce exposure when random walk is detected, using tight stops suggested in the info panel.
Multi-Timeframe Analysis: Apply on higher timeframes for regime confirmation, then drill down to lower ones for entries.
Volatility-Based Entries: Use upper/lower band crossovers as signals in adaptive channels for overbought/oversold trades.
⚠️ Limitations
Lagging in Transitions: Regime detection may delay during rapid market shifts, requiring confirmation from other tools.
Not a Standalone System: Best used in conjunction with other indicators; random regimes can lead to whipsaws if traded aggressively.
Parameter Sensitivity: Optimal settings vary by asset and timeframe, necessitating backtesting.
💡 What Makes This Unique
Hurst-Driven Adaptation: Unlike static MAs, it uses fractal analysis to self-tune, providing regime-specific filtering that's rare in standard indicators.
Integrated Strategy Guidance: The info panel offers actionable tips tied to regimes, bridging analysis and execution.
Multi-Regime Visualization: Combines adaptive bands, colored fills, and alerts in one tool for comprehensive market state awareness.
🔬 How It Works
Hurst Exponent Computation:
Calculates log returns over the lookback period to derive the rescaled range (R/S) ratio.
Normalizes to a 0-1 value, where >0.55 indicates trending, <0.45 mean-reverting, and in-between random.
Length Adaptation:
Maps normalized Hurst to an MA length via a power function, clamping between min and max.
Applies the selected MA type to close prices using this dynamic length.
Visualization and Signals:
Plots the MA with regime colors, adds ATR-based bands, and fills areas for trend strength.
Triggers alerts on regime changes or band crosses, with the info panel suggesting strategies like momentum riding in trends.
💡 Note:
For optimal results, backtest settings on your preferred assets and combine with volume or momentum indicators. Remember, no indicator guarantees profits—use with proper risk management. Access premium features and support at PhenLabs.
AI's Opinion Trading System V21. Complete Summary of the Indicator Script
AI’s Opinion Trading System V2 is an advanced, multi-factor trading tool designed for the TradingView platform. It combines several technical indicators (moving averages, RSI, MACD, ADX, ATR, and volume analysis) to generate buy, sell, and hold signals. The script features a customizable AI “consensus” engine that weighs multiple indicator signals, applies user-defined filters, and outputs actionable trade instructions with clear stop loss and take profit levels. The indicator also tracks sentiment, volume delta, and allows for advanced features like pyramiding (adding to positions), custom stop loss/take profit prices, and flexible signal confirmation logic. All key data and signals are displayed in a dynamic, color-coded table on the chart for easy review.
2. Full Explanation of the Table
The table is a real-time dashboard summarizing the indicator’s logic and recommendations for the most recent bars. It is color-coded for clarity and designed to help traders quickly understand market conditions and AI-driven trade signals.
Columns (from left to right):
Column Name What it Shows
Bar The time context: “Now” for the current bar, then “Bar -1”, “Bar -2”, etc. for previous bars.
Raw Consensus The raw AI consensus for each bar: “Buy”, “Sell”, or “-” (neutral).
Up Vol The amount of volume on up (rising) bars.
Down Vol The amount of volume on down (falling) bars.
Delta The difference between up and down volume. Green if positive, red if negative, gray if neutral.
Close The closing price for each bar, color-coded by price change.
Sentiment Diff The difference between the close and average sentiment price (a custom sentiment calculation).
Lookback The number of bars used for sentiment calculation (if enabled).
ADX The ADX value (trend strength).
ATR The ATR value (volatility measure).
Vol>Avg “Yes” (green) if volume is above average, “No” (red) otherwise.
Confirm Whether the AI signal is confirmed over the required bars.
Logic Output The AI’s interpreted signal after applying user-selected logic: “Buy”, “Sell”, or “-”.
Final Action The final signal after all filters: “Buy”, “Sell”, or “-”.
Trade Instruction A plain-English instruction: Buy/Sell/Add/Hold/No Action, with price, stop loss, and take profit.
Color Coding:
Green: Positive/bullish values or signals
Red: Negative/bearish values or signals
Gray: Neutral or inactive
Blue background: For all table cells, for visual clarity
White text: Default, except for color-coded cells
3. Full User Instructions for Every Input/Style Option
Below are plain-language instructions for every user-adjustable option in the indicator’s input and style pages:
Inputs
Table Location
What it does: Sets where the summary table appears on your chart.
How to use: Choose from 9 positions (Top Left, Top Center, Top Right, etc.) to avoid overlapping with other chart elements.
Decimal Places
What it does: Controls how many decimal places prices and values are displayed with.
How to use: Increase for assets with very small prices (e.g., SHIB), decrease for stocks or forex.
Show Sentiment Lookback?
What it does: Shows or hides the “Lookback” column in the table, which displays how many bars are used in the sentiment calculation.
How to use: Turn off if you want a simpler table.
AI View Mode
What it does: Selects the logic for how the AI combines signals from different indicators.
Majority: Follows the most common signal among all indicators.
Weighted: Uses custom weights for each type of signal.
Custom: Lets you define your own logic (see below).
How to use: Pick the logic style that matches your trading philosophy.
AI Consensus Weight / Vol Delta Weight / Sentiment Weight
What they do: When using “Weighted” AI View Mode, these let you set how much influence each factor (indicator consensus, volume delta, sentiment) has on the final signal.
How to use: Increase a weight to make that factor more important in the AI’s decision.
Custom AI View Logic
What it does: Lets advanced users write their own logic for when the AI should signal a trade (e.g., “ai==1 and delta>0 and sentiment>0”).
How to use: Only use if you understand basic boolean logic.
Use Custom Stop Loss/Take Profit Prices?
What it does: If enabled, you can enter your own fixed stop loss and take profit prices for buys and sells.
How to use: Turn on to override the auto-calculated SL/TP and enter your desired prices below.
Custom Buy/Sell Stop Loss/Take Profit Price
What they do: If custom SL/TP is enabled, these fields let you set exact prices for stop loss and take profit on both buy and sell trades.
How to use: Enter your preferred price, or leave at 0 for auto-calculation.
Sentiment Lookback
What it does: Sets how many bars the sentiment calculation should look back.
How to use: Increase to smooth out sentiment, decrease for faster reaction.
Max Pyramid Adds
What it does: Limits how many times you can add to an existing position (pyramiding).
How to use: Set to 1 for no adds, higher for more aggressive scaling in trends.
Signal Preset
What it does: Quick-sets a group of signal parameters (see below) for “Robust”, “Standard”, “Freedom”, or “Custom”.
How to use: Pick a preset, or select “Custom” to adjust everything manually.
Min Bars for Signal Confirmation
What it does: Sets how many bars a signal must persist before it’s considered valid.
How to use: Increase for more robust, less frequent signals; decrease for faster, but possibly less reliable, signals.
ADX Length
What it does: Sets the period for the ADX (trend strength) calculation.
How to use: Longer = smoother, shorter = more sensitive.
ADX Trend Threshold
What it does: Sets the minimum ADX value to consider a trend “strong.”
How to use: Raise for stricter trend confirmation, lower for more trades.
ATR Length
What it does: Sets the period for the ATR (volatility) calculation.
How to use: Longer = smoother volatility, shorter = more reactive.
Volume Confirmation Lookback
What it does: Sets how many bars are used to calculate the average volume.
How to use: Longer = more stable volume baseline, shorter = more sensitive.
Volume Confirmation Multiplier
What it does: Sets how much current volume must exceed average volume to be considered “high.”
How to use: Increase for stricter volume filter.
RSI Flat Min / RSI Flat Max
What they do: Define the RSI range considered “flat” (i.e., not trending).
How to use: Widen to be stricter about requiring a trend, narrow for more trades.
Style Page
Most style settings (such as plot colors, label sizes, and shapes) are preset in the script for visual clarity.
You can adjust plot visibility and colors (for signals, stop loss, take profit) in the TradingView “Style” tab as with any indicator.
Buy Signal: Shows as a green triangle below the bar when a buy is triggered.
Sell Signal: Shows as a red triangle above the bar when a sell is triggered.
Stop Loss/Take Profit Lines: Red and green lines for SL/TP, visible when a trade is active.
SL/TP Labels: Small colored markers at the SL/TP levels for each trade.
How to use:
Toggle visibility or change colors in the Style tab if you wish to match your chart theme or preferences.
In Summary
This indicator is highly customizable—you can tune every aspect of the AI logic, risk management, signal filtering, and table display to suit your trading style.
The table gives you a real-time, comprehensive view of all relevant signals, filters, and trade instructions.
All inputs are designed to be intuitive—hover over them in TradingView for tooltips, or refer to the explanations above for details.
