Fx Crusher Scalping Indicator V1█ OVERVIEW
Scalping Indicator with Buy and Sell Signals for the 15 min and 5 min Chart. Works on all assets (Crypto, Forex, Stocks, Indices, Commodities and Metals)
Only use in trending markets. Signals in a ranging market are useless.
This Scalping Indicator is different from others because most of the Buy/ Sell signals actually make sense. No counter trend trading and most signals can be very profitable when used right.The single most important goal was to have an indicator that shows signals with a big possible risk reward ratio. Most false signals are filtered out. The Fx Crusher Scalping Indicator is not perfect but it is amazing. You can customize the indicator to get the highest signal quality.
█ HOW DOES IT WORK?
The indicator determines the trend direction by using 3 different smoothed moving averages. A green background shows an uptrend and a red background shows a downtrend.
The strength of the trend is determined by the slope of the individual SMMAs. You can set the slope of every single SMMA for buys and sells individually.
The indicator only shows signals when there is a clear trend on the current timeframe.
Entry signals are generated by a combination of Williams fractals, SMMA crossover, trend angle and RSI condition.
█ HOW TO USE?
Draw Support & Resistance lines on the 4H Chart
Determine the overall trend on the 1H Timeframe
Go to the 15 min or 5 min Time Frame and have a look at the signals
Adjust the slope of every single SMMA in 0.01 steps until the signals look good
Adjust the RSI settings for overbought and oversold condition if necessary
Only enter a trade after the candle that prints a signal is closed.
Only take buy positions when all SMMAs are going up and don’t touch each other
Only take sell positions when all SMMAs are going down and don’t touch each other
Only use this Scalping Indicator with proper Risk management and a risk reward ratio of around 1:2.
Trail your stop to get the most pips out of the signals. Very often the indicator shows signals right before major moves.
█ ADDITIONAL INFO
Be careful with buy signals when the market on the higher timeframe (4H and 1H) is in a downtrend and vice versa.
You can make the most profit out of this Indicator when you enter with 2 positions. A quick scalp and a runner. Because there's a lot of signals with huge risk reward ratios but also some unprofitable signals . Therefore make sure you make the best out of the good signals and apply proper risk management to limit losses with bad signals. Stop loss placement according to market structure.
Multiple Signals in a row can show a high probability of a very strong upcoming move. Monitor your trades and secure partials to make the best out of it.
You can select how many signals it is going to show once trend conditions are met. Please be aware that the longer a trend goes, the higher is the probability of a reversal. Therefore the first few signals after all conditions are met are most likely the most profitable.
By setting the slope of the slow SMMA correctly you can filter out most signals in a ranging market.
█ DISCLAIMER
This is not financial advice. I do everything I can to provide the most accurate buy and sell signals for scalping but past results are no guarantee for future performance.
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HPH's FractalTradesThis indicator is based on some dark fractal magic.
Not really, it's inspired by Vladimir Poltoratskiy and basically just waits for the price to go higher or lower than a previous fractal. If that's the case and all the additional settings allow the trade to take place, it is entered with the stop loss at the last opposite fractal of were it was entered (so if we enter a trade because the price went higher than the last up fractal, the sl is at the last down fractal).
The trades are visualised with a stop loss and 3 take profits levels (at a 1:1, 2,1:1 and 4:1 risk/reward ratio). The stop loss will trail once a certain take profit level is reached. Enjoy!
The settings:
LiveVersion : If ticked it will use close for stop losses and take profits. If unticked high and low will be used. Neither is accurate when backtesting as there is no intrabar data...
CancelEarly : Swings trade in the opposite direction when an opposite signal is received. If unticked the trade will continue until a tp or sl is hit.
ShowStats : Show a table in the top right displaying how many times the stop losses or take profits got hit.
FractalPeriods : Number of bars that are required for a fractal. E.g. if it's 2, 2 bars need to be lower on the left and right of a candle for it to print an up fractal.
MinFractalDiv : If this is bigger than 0, it will not allow new fractals to print unless they are at least a percentage based amount bigger than the last one. So this can be used to filter out fractals that are in the same range. Bigger value = more aggressive filtering!
TicksOnFractal : Tick based offset to add onto the fractals to enter trades. E.g. if it's 5 and the price goes above an up fractal, it needs to go up 5 more ticks to enter a trade.
UseFilter, FilterMultMin and FilterMultMax : If ticked, trades are limited to the once in the specified range (distance of the stop loss). E.g. if FilterMultMax is 0.05, the stop loss can not be bigger than 5% of the assets price for the trade to take place.
Holy Pro ScalperWhat is Holy Pro Scalper
This is an advanced Indicator comprising of 21 Fuzzy and Quantitative logics running at once, which takes care of a lot of things for a trader, such as:
1> The current Dominant Trend
2> A Good Entry Point
3> A Way to Recover
4> A point to Stop
5> A Method to Book and Trail Profits
The Logics Includes Likes of :
> DonchainChannels, Supertrend, Bollinger Bands, ATR, Volume, RSI, Stoch etc....
The main Aim of this Indicator is to help traders trade with Rules, and make money if they follow it correctly.
Because One of the most important learnings which I have learnt in my professional trading career is creating a solid trading rule, which takes care of you even if the market is against you!
Another Problem the indicator tries to Solve Is What Securities to Trade for Tomorrow, Traders can plan before day trading and make the strategy towards the instrument in an effective way by just following a few rules, which are Easy to learn!
So Getting into how to Use this Indicator, (U can read the text and see the Video, shared below )
The indicator Comprises of 3 Basic UI Parts
1> Trading Signal
2> Recovery Signal
3> Dominant Trend
Trading Signal
This is represented by a triangle (both buy and sell) in (blue and Orange Colors)
There are two types of trading signals
a> Normal Trading Signal
b> Requiring Confirmation Trading Signal (“c” on top/ below of the Candle where signal Came)
The way to trade them is, one can straight away trade a normal Trading Signal, on the High of the Candle,
A “Requiring Confirmation Trading Signal” must be traded on the high of the Closing candle above the respective Signal candle, that is a trader must wait for the confirmation candle closing above the high of the Requiring Confirmation Trading Signal Candle.
Recovery Signal
A Recovery signal is a sign of recovery the system presents to a trader, when he/she have taken position/ trade as per the trading signal,
A recovery Signal helps to identify the time when its good to look for a recovery at breakeven cost or profit, if the recovery is broken,
There are two types of Recovery in the System,
1> Green Recovery
Which should be considered as a recovery when a Short Trade is active, it shows the intent of the market to change direction, so a trader while in short trade if he sees a green recovery anytime after his order is filled, he may plan to recover, if the recovery candle is broken, so he can wait to recover at breakeven cost or plan for a stop or book profit if market permits
2> Red Recovery
Which should be considered as a recovery when a Long Trade is active, it shows the intent of the market to change direction, so a trader while in long trade if he sees a red recovery anytime after his order is filled, he may plan to recover, if the recovery candle is broken, so he can wait to recover at breakeven cost or plan for a stop or book profit if market permits
Stopping Point and Dominant Trend
So Dominant Trend of the market is represented by a trend Following Line and Area
So if Area on Trend Following Line is Red, market’s dominant trend is Bear
And if Area on Trend Following Line is Green, market’s dominant trend is Bull
If a trader is in Trade the dominant trend line is considered as a stopping point, if market closes below it, in Long position, one can straight away take a Stop and May reverse trade according to thought process
Provision For Alerts
All Trading Signals
Bull Trading Signals
Bear Trading Signals
Green Recovery Signals
Red Recovery Signals
Video Examples
What Instruments and Time Frames It Works
Works on Every Liquid Instrument and Standard Timeframe (1m to 1month)
How Can u Get Access
Only do Private Message to me, use Comment Box for Constructive Comments
What If you Want To learn the Trading Setups of Profitability
Only do Private Message to me, use Comment Box for Constructive Comments
Risk Management Tool [LuxAlgo]Good money management is one of the fundamental pillars of successful trading. With this indicator, we propose a simple way to manage trading positions. This tool shows Profit & Loss (P&L), suggests position size given a certain risk, sets stop losses and take profit levels using fixed price value/percentage/ATR/Range, and can also determine entries from crosses with technical indicators which is particularly handy if you don't want to set an entry manually.
1. Settings
Position Type: Determines if the position should be a "Long" or "Short".
Account Size: Determines the total capital of the trading account.
Risk: The maximum risk amount for a trade. Can be set as a percentage of the account size or as a fixed amount.
Entry Price: Determines the entry price of the position.
Entry From Cross: When enabled, allows to set the entry price where a cross with an external source was produced.
1.1 Stop Loss/Take Profit
Take Profit: Determines the take profit level, which can be determined by a value or percentage.
Stop Loss: Determines the stop loss level, which can be determined by a value or percentage.
2. Usage
One of the main usages of position management tools is to determine the position size to allocate given a specific risk amount and stop-loss. 2% of your capital is often recommended as a risk amount.
Our tool allows setting stop losses and take profits with different methods.
The ATR method sets the stop loss/take profit one ATR away from the entry price, with the ATR period being determined in the drop-down menu next to the selected methods. The range method works similarly but instead of using the ATR, we use a rolling range with a period determined in the drop-down menu next to the selected methods as well.
Unlike the available position management tool on TradingView, the entry can be determined from a cross between the price an an external source. The image above shows entries from the Volatility Stop indicator. This is particularly useful if you set positions based on trailing stops.
Pivot Expotential Moving AveragesPivot MA's indicator is a combination of the following:
Pivot SMA
Pivot EMA's
Pullback to EMA Band
Pivot EMA's Cross Over
Pivot Double-EMA's Cross Over
Modified Pivot EMA's Cross Over
All the pivot EMA’s calculations are based on "Profiting With Pivot-Based Moving Averages" book by Frank Ochoa.
How to use it :-
One should have to refer this book for in depth usage of this indicator.
You can use the option's provided in the indicator and the signals have been generated according to the concept in this book.
Don't turn on multiple option's, it becomes clumsy to look.
Description:-
1. Pullback to PEMA Band:-
Perhaps the most trader-friendly PEMA setup is the PEMA Pull-Back, because it forces you to trade in the direction of an established trend.
In this, u get the signal when the price retraces to 13 EMA and closes above the PEMA Band.
It is like Buy the Dips & Sell the Rips. The idea of the PEMA Pull-Back is to buy the market at a discount during an uptrend, and sell the market at a premium during a down trend.
2. PEMA Cross Over :-
The PEMA Crossover fires a signal when the fast EMA crosses the slow EMA.
If the fast EMA crosses above the slow EMA, a long signal is fired; whereas, if the fast EMA crosses below the slow EMA, a short signal is fired.
Depending on your trader personality, you will have to choose the periodicities of the two moving averages to suit your taste.
Some combination of EMA's are provided.
3. Double EMA Cross Over :-
A double exponential moving average (DEMA) is basically the EMA of an EMA, meaning the output is the second derivative of the original exponential moving average.
While an EMA is a faster moving average than the SMA, the DEMA is on another level in terms of speed.
4. Modified PEMA Cross Over :-
This system is an ultra-fast PEMA crossover signal that has built-in trend confirmation.
The Modified PEMA Crossover system fires signals in the direction of the prevailing trend, as measured by a larger moving average.
For Example, Take (1,3),21 combination. In this we use 1- and 3-period pivot EMA’s for crossovers, and use a 21-period pivot EMA for trend confirmation.
1 and 3 period EMA's are not shown in the chart, Only 21 EMA and signals are shown for clear view.
Therefore, this system will only allow bullish crossover signals to fire when price is above the 21-period pivot EMA, and will only allow bearish crossover signals to fire when price is below the 21-period average.
In essence, the results are usually highly qualified “buy the dip, and sell rip” type of opportunities.
Disclaimer :-
The PEMA setups that are covered in this indicator offer some of the ways to approach the market using moving averages.
Not all setups and styles of trading will fit all traders, no matter how profitable the approach.
You must use what fits your trader profile and your trading approach.
Thank You ..
Quantum Radar PanelOverview
One of the biggest issues trading any market is in keeping track of trading opportunities as they arise across all the various timeframes without having multiple monitors or charts open and this is where the Radar Panel steps in. Using TradingView’s Table function, we have incorporated a host of our leading indicators on the panel which can be applied to any timeframe and from which you can instantly spot opportunities as they arise whether in terms of trend, reversals, volatility, or volume. In addition, when using a scanner such as this, it also highlights broad sentiment if, for example, you have added currency pairs from the same matrix or a group of stocks from the same sector. And you can of course have multiples open across the various timeframes.
The Quantum Radar Panel is a powerful indicator that keeps track of indicator signals of up to 10 different symbols in real time. For each symbol, it can display the current signals of 6 Quantum Trading indicators namely:
Quantum Tick Volumes
Quantum Dynamic Price Pivots
Quantum Dynamic Volatility
Quantum Trends
Quantum Trend Monitor
Quantum Live Camarilla Levels
It can also display the current Open, High, Low, and Close prices of each symbol. Each indicator has 1 or more columns allotted to them to display information about their respective signals. Below we will discuss what each indicator does and how it displays its signals in the Radar Panel.
Tick Volumes
Volume is a powerful leading indicator, yet few traders ever take advantage of its awesome power. Why? Because identifying volume trends using the standard indicator can be confusing, and judging volume height even more so!
The Quantum Tick Volumes indicator takes a simple tool and makes it come to life! First, it paints the volume bar to match the candle. This makes it quick and easy to identify buying and selling volume with the associated price action.
Second, the Quantum Tick Volume indicator displays a dynamic mid-point, instantly telling you whether volumes are high, average or low in the session. No more guesswork! Volume analysis made simple – making it easy to spot profitable trading opportunities – fast!
In the Radar Panel, the Tick Volumes indicator displays 2 columns -Volume and Midpoint.
Columns
Volume– this column displays the current volume of the symbol and changes colors according to the sentiment of the current candle.
Midpoint – this column displays half of the highest volume bar within the current day and it is visible in intraday timeframes only
Dynamic Price Pivots
The Quantum Dynamic Price Pivots indicator could best be described as the Swiss army knife of trading. Power, simplicity and functionality all in one tool. Many traders struggle to identify reversal points based on price action alone. Why? Because you need to have a complete understanding of candlesticks, candles and candle patterns.
The dynamic pivot appears once a three-candle price pattern is created. This is one of the first signs of a possible change in sentiment, based on the price action alone. A pivot high in an uptrend, and pivot low in a down trend. So, whether you are trading long or short, the Quantum Dynamic Price Pivots indicator will instantly give you a visual signal to – pay attention! Powerful, yet so simple, and two indicators in one!
In the Radar Panel, the Dynamic Price Pivots indicator displays the last signal (isolated high or isolated low) and the number of bars since it was last seen.
Column
Last Signal – this column displays the last pivot arrow that appeared in the chart in the form of an upward (isolated low) or downward (isolated high) arrow and the number of bars since it was detected. The cell turns yellow when the arrow is seen in the last 3 bars or less.
Dynamic Volatility
Volatility can be both good and bad. Great for making money fast. Not so good when you’re on the losing side! But how do you know when a market is volatile. Is the price action you are seeing normal for that currency pair? And more importantly, what is normal?
The Quantum Dynamic Volatility indicator is designed with one objective in mind. To show you, dynamically volatile price action. You then decide, based on the price action, whether to wait, or take advantage. One of the hardest things to learn in trading, is when to stay out. The Quantum Dynamic Volatility indicator makes this child’s play – keep you safe. It could almost be called your safety belt!
In the Radar Panel, the Dynamic Volatility indicator displays the number of bars since a volatile candle was last seen.
Column
Last Signal – this column displays the number of bars since a volatile candle was detected. The cell turns magenta when the signal is seen in the last 3 bars or less.
Trends
All traders know that price is a leading indicator. Yet few traders ever discover how to correctly interpret the start of a new trend, or indeed the end of an old one. To add further complexity, markets spend over 70% of their time in congestion, moving sideways in a narrow range. The traders worst enemy.
What’s the answer? Step forward – the Quantum Trends indicator. With this simple and elegant indicator, dynamic trends are painted for you instantly and dynamically, in real time. In trading any market, you need to be quick on your feet, and the Quantum Trends indicator delivers in spades! But even better, not only will it signal your possible entry and exit, but it also signals a market in congestion – equally important. Knowing when to stay out, is just as important as knowing when to get in.
In the Radar Panel, the Trends indicator displays where the last trend dot is heading and the sentiment of the dot or the trend direction.
Columns
Dot – this column displays whether the current trend dot is going upwards, downwards, or sideways
Trend Direction – this column displays the sentiment of the current trend dot and its color
Trend Monitor
One of the hardest things to do in trading, is to stay in, and take the maximum profit from any position. You know how it goes. You get in and all is going well. Then the market reverses. You get frightened, and close out. What happens next?
Yes, you guessed it – the market reverses again and starts to move fast. Now it’s too late. You have missed out on some great profits, and are left wishing you had stayed in.
That’s why we developed the Quantum Trend Monitor. It does just that. It monitors the strength of the trend. It will help you stay in, when your emotion is telling you to get out. The Trend Monitor will give you the confidence, not just to stay in, but to take the maximum profit from each and every trade.
In the Radar Panel, the Trend Monitor indicator displays where the trend line (one of Trend Monitor’s 2 modes) is heading at and the current sentiment or trend direction.
Columns
Trend Line – in the indicator proper, the trend line shows the progression or steepness of the trend’s momentum, and this information is simplified as the direction of the line, whether it is going upwards, downwards, or sideways.
Trend Direction – this column displays the current sentiment and its color
Live Camarilla Levels
What is the Camarilla protocol, how does it work and what will it do for me?
Put simply it is a chameleon of an indicator and will appeal whether you are a more discretionary type of trader, making and taking decisions yourself, or if you prefer a more systematic or mechanical approach often associated with an EA for example. With the Camarilla levels indicator both approaches can be embraced and accommodated.
The Camarilla protocol has its roots in the open outcry trading pits, where traders considered floor pivots an essential tool. Based on these original ideas and incorporating the Camarilla equation we have developed a unique indicator which delivers clear and precise price-based support and resistance levels, which act as targets for profits, triggers for potential reversals, signals for possible breakouts, and finally stop loss placement. So, if you’re a swing or reversal trader, it’s the perfect indicator. Equally if you prefer breakout trading, again it’s the perfect indicator. And all with predetermined and clear levels for any price objectives and profit targets, with stop loss placement covered also.
In other words, a complete indicator, and one which is delivered with potential trading setups built in to help you see when key levels are being approached or breached. And to help you further when using the indicator, we have also included some simple messages to guide you as the various levels are approached and tested.
In the Radar Panel, the Live Camarilla Levels indicator displays the 12 Camarilla levels in descending order, R6 to R1 and S1 to S6, as well as the Analysis based on where the current price is situated among the 12 levels.
Columns
Analysis – this column displays messages that can guide you as the various levels are approached and tested.
R6 – R1, S1 – S6 (12 columns) – these columns display the 12 Camarilla levels calculated for the current timeframe and each one changes colors depending on the current price
OHLC Prices
Apart from the 6 Quantum indicators, the Radar Panel also displays the current OHLC prices of each symbol.
Open
High
Low
Close
Their color changes depending on the current price action.
With the portability of the TradingView platform, having the Radar Panel in your set of tools truly puts all the power of 6 Quantum indicators right at your fingertips. Get yours now.
Poor ReversalsPoor Reversals Indicator
This indicator finds Poor Reversals. Poor reversals are reversals in price with consecutive highs or lows that are close together. Look for the different types of highs and lows. Some say candle patterns don't matter, but they forget it's the orderflow that makes the pattern. Find poor, tweezer, and 1 tic rejections and study what happens next. We don't need to read the depth of market to see what the orderflow is saying. They are called poor because the auction didn't run its course. It didn't continue the direction until all activity in that direction was exhausted. Proper reversals create excess. Excess is a long tail/wick. A proper reversal leaves a long tailed excess unfilled.
The different highs and lows give clues to what kind of orderflow happened there. The difference between them is which high or low happened first. Price does often come back to these areas and clears them up with a proper reversal. We can see them on all timeframes. Knowing what they mean in the orderflow helps with reading charts.
The Poor Reversals are:
Poor
1 Tick Rejection
Tweezer
When looking at 2 bars that have very close high or lows, there are a few different types. They are each poor and can be further defined as each are price action clues.
If next low is higher, it's a poor low
If next low is lower, it's 1 tic rejection
If next low is equal, it's tweezer bottom
If next high is lower, it's a poor low
If next high is higher it's 1 tic rejection
If next high is equal it's tweezer bottom
Poor Highs and Lows:
The high or low comes first. The next bar does not go past it. Poor highs and lows are often created from price exhaustions. This means at poor highs buyers are trapped. At poor lows sellers are trapped. Price ran out of steam to continue in that direction. There wasn't enough activity and participation to continue the auction in that direction.
Poor lows are defined when 2 lows are very close, and the 1st bar is lower. The 2nd comes very close to a new low. It happens most when shorts, at the moment, "run out of steam". They were "too aggressive" and got themselves "short in the hole". When a poor low is made, price will bounce because shorts are buying to protect profits.
Poor highs are defined when 2 highs are very close. The 1st bar is higher. The 2nd comes very close to a new high. It happens most when longs, at the moment, "run out of steam". They were "too aggressive" and got themselves "long in the tooth". When a poor high is made, price will pullback because longs are selling to protect profits.
1 Tick Rejections:
The high or low comes last. The next bar goes just a little bit beyond it. A "1 tic rejection" happens when a new low is made and quickly rejects. The name is misleading. It doesn't have to be "1 tic". Different markets have different measurements. For ES, it's less than 8 tics. For NQ, it's about 5-20 points. It varies depending on relative market volatility.
1 Tick highs are defined when 2 highs are very close, and the 1st bar is lower. This happens when longs are aggressive and drive price up. Price makes a newer high and longs rapidly start taking profits. Their selling activity drives price lower. In the orderflow, longs likely closed at the same time new shorts sell. This competition to sell drives price lower. At the high, it says longs saw it wouldn't go higher and they took rapid exit.
1 Tick lows are defined when 2 lows are very close, and the 1st bar is lower. This happens when shorts are aggressive and drive price down. Price makes a newer low and shorts rapidly start taking profits. Their buying activity drives price higher. In the orderflow, shorts likely closed at the same time new longs buy. This competition to buy drives price higher. At the low, it says shorts saw it wouldn't go lower and they took rapid exit.
Tweezer Tops and Bottoms
The highs or lows of the bars are equal. Tweezers most often mean that an aggressive trader is influencing price. They drove price in one direction and then quickly reversed sentiment. Tweezers most often happens in stop hunts. An aggressive trader found where the stops were located and then entered an aggressive order to turn the market.
Tweezer Tops are defined when 2 highs are equal. The first bar sets the high. The second bar matches the high. This happens when there is an active seller entering. It could be simple profit taking from longs or new aggressive shorts. In bull trends, price will move up to find short stop. When the stops are found, the market reverses sharply lower.
Tweezer Bottoms are defined when 2 lows are equal. The first bar sets the low. The second bar matches the low. This happens when there is an active buyer entering. It could be simple profit taking from shorts or new aggressive longs. In bull trends, price will move up to find long stops. When the stops are found, the market reverses sharply higher.
Poor Reversals can be poor, 1 Tick Rejections, or Tweezers. They are all considered poor and upon further investigation we can see they are created from different conditions in the orderflow. They are not called Poor Reversals because they are weak. They are called poor because of the action that happened there. One side got caught in a bad position. Other sharks in the market smelled blood and ripped them apart.
This indicator is a work in process. While the concepts are great for real time trading, this indicator is not designed to be used in real time trading. It will repaint based on the bar close. The purpose of this indicator is to train our brains to see these nuances on candle charts. Some say candle patterns don't matter, but they forget it's the orderflow that makes the pattern. We must make split second decisions and knowing the context behind the orderflow reduces response time. These poor reversals don't have to retest, and the best ones won't come back. I use these concepts to find exits, where my trades might be wrong, confirmation I'm on the right side. It's amazing how these simple nuances can turn the markets. But sure enough, they do. Check them out in all time frames.
It's a fun indicator to play with. Some markets do require tweaks to the “Ticks” setting. Too big and charts will be noisy. Too low and not much will show up. A general rule of thumb is more volatile markets need higher tick values while less volatile need lower Tick values. Higher timeframes are also more reliable than lower time frames. I've included some customizable settings and I plan on adding more in the future. Enjoy!
MCDX PlusMCDX Plus is an indicator to show the relative level of Profitable Chips, Floating Chips and Locked Chips for Stocks market.
Red Bars being Profitable Chips, Yellow Bars being Floating Chips and Green Bars being Locked Chips.
Profitable Chips represents investments, typically by bankers, accumulating shares when stock price is relatively low over a period of time, either during down trend or ranging. When price is moving up, the shares accumulated will start to make profit.
Locked chips being those bought at at a higher price, failed or unwillingly to cut loss and still holding them.
Floating chips being free flow tradable shares in the market, typically hold by intraday or short term traders.
The relative profitable level is calculated based on current market price versus the highest and lowest price over a look back period.
Typically, 100 days look back, which is sufficient to cover uptrend or downtrend.
In this indicator, I added in options for 34 days (Fibo numbe), 50 days, 100 days and user-input DIY look back period.
When Red Bar height is increasing, profitable level is increasing, stocks price is increasing with main funding is increasing.
Typically higher is better. More than 50% is preferred.
During a retrace or downtrend, the locked chips will lead to higher values of green bar.
Typically lower is better, 0 is preferred.
A simulated fund line (based on KDJ) and fund bull bear line are added to simulate the inflow and outflow of fund.
When fund line cross up bull bear line, it means the in flow of funding.
User can click to show in the setting.
A potential bottom catch alert based on volume and oversold situation are also added as reference.
A table with indicator name and values of profitable chips, floating chips and locked chips is added.
User can click to show or mute.
MCDX Plus is shown on DPIH (KLCI).
The Price chart shows the highest, lowest, average of 100day look back period, blue line being MA20.
MCDX's red bar is slightly over 50%, cross over the 10day Moving Average of profitable chips. Locked chips is 0.
We can also see fund cross over fund bull bear line briefly.
It is a positive movement.
User is recommend to do further technical analysis such as support and resistance, etc, to better understand trend.
Ideas to improve the scripts are welcome. Hope this help.
MechaAlgoWhat is MechaAlgo?
MechaAlgo was created to assist any type of trader on a day to day basis. Our intelligent and accurate algorithms turn complex charts into profitable plays, minimizing losses and maximizing profits. We hope that you will find use in the tools and resources we provide, and we will continue to improve on our products in order to take your trading to new heights!
Any Time, Any Market
Our indicators work with real time data on any market. This means that any kind of trader will find our tools useful, regardless of what you are trading.
Feature List
Multiple Signal Modes
Numerous Candle Coloring Modes
Reversal Cloud Overlay
Auto Support & Resistance
Auto Trendlines
Auto Profit Targets
Real Time Informational Dashboard
Multi-Timeframe Trend Panel
Future Trend Projection
Many More Features to Come!
By using this script you acknowledge that MechaAlgo cannot guarantee you profit, and that this product was only created in attempt to benefit traders. You also acknowledge that past performance is not indicative of future results, and that the experience of other users or what you see online may not always be your experience.
Zeta Diamond BurstWhat is Scalping?
Scalping is a trading strategy aimed at profiting from quick momentum in a volatile index or stock.
Traders who use such strategies place anywhere from 10 to a few hundred trades in a single day.
The idea behind such type of trading is that small moves in an index or stock price are much easier to capture than the larger moves.
Traders who use such strategies are known as scalpers. When you take many small profits a number of times, say 10 points scalped 20 times per day, they can easily add up to large gains.
An Option Buyer's Biggest Enemy is Time Decay and when you scalp, you do not allow the time decay to eat your Option Premium as your Entry and Exit is often quick enough.
What is Zeta Diamond Burst?
Zeta Diamond Burst is a momentum based indicator which tries to detect momentum based upon price action and volume.
When it thinks a move has the potential to turn into a good scalping move, it generated its Buy/Sell Signals.
If the momentum continues, Blue Diamonds (for up move ) and Purple Diamonds (for down move) keeps appearing on the chart.
How to Take Buy/Sell Entry with Zeta Diamond Burst?
Whenever you see a Buy Signal, take Entry if a follow up candle also starts going in the same direction.
Your STOP LOSS could be just 0.5% below your Entry Price, hence, no big loss even if things go wrong.
Keep moving your STOP LOSS up as the price moves in your favour and when market turns around or you see a SELL signal, it is time to book your BUY position profit and take Entry on SELL Side now and so on.
For how long you should stay in the trade?
Scalping trades for Bank Nifty should last only 1 to 5 minutes if move is not going in your favor, this will save your capital from Theta Decay erosion.
If more and more diamonds are appearing in the same direction, then hold your position for more than 5 minutes, till opposite signal comes.
This cycle continues as and when new signals emerge.
CUT MY LOSSESS - Levereged Stop loss + R / R ratio checker Hello traders!
We have heard many times that keep your losses small and allow your profits to grow. But what happens is that we often make the mistake of doing high-margin trades that we cannot afford to lose. The main reason for this problem, in my opinion, is the rush to open a position and not paying attention to how much acceptable loss in each trade is for us? Is our stop loss point compatible with the loss we are willing to accept?
Many of the losses we incur are not due to our erroneous analysis but to the wrong trading strategy, miscalculation of Stop Loss and failure to calculate the Risk/Reward for each trade. At least for most novice traders, these mistakes happen .
This script does not have complicated logic and is designed only as a help for those who are not interested in working with calculators !! I hope that sometimes that we are very excited to buy, looking at this script can give us a serious flip to avoid risk .
This is a basic script that helps us to intuitively check our stop loss in according to our leverage and to guess the approximate risk/reward of our trade. This script assumes that you always trade with half of your total capital. It is also assumed that you routinely use up to ten percent of your capital for each trade. Therefore, the first variable in this script is the amount of tolerable loss in each trade for you, which is set to 25% by default. So if you follow the previous assumptions, each trade will endanger 2.5% of your capital.
Since not all analyzes are ever accurate, we need to enter into positions that have good Risk/Reward ratio, so that even if half of our analysis fails, we will profitable. Therefore, the second variable in this script is the acceptable Risk/Reward ratio for us, which is set to 1:4 by default.
Also, to check the efficiency of the stop-loss with different trading leverage, I add five leverage by default from 1 to 5 as lines on the side of your stop-loss point.
LeV A (Lowest Leverage-WHITE): 1 by default
LeV B (AQUA): 2 by default
LeV C (YELLOW): 3 by default
LeV D (ORANGE): 4 by default
LeV E (Highest Leverage-RED):5 by default
You can change all these leverages and Acceptable margin loss and R/R ratio according to your needs.
You can also hide the leverage lines you are not dealing with through the script settings .
You will also see lines on the side of your target point to check your risk/reward ,so you can approximate your target according to your trading leverage and the risk/reward you accept. you can also hide these R/R lines from the setting.
Important Note: This script is not designed to give you a stop loss point or take profit point.
To find these points, you must use technical analysis methods , and then use this script to check the coordination of these points with your trading strategy.
Using the script is simple, but I will try to explain it with a few examples.
MRC Trend Trader [VK]MRC Trend Trader one of the best indicator by VK. Usable for Trend, Swing, positional Trading. Works on all types of markets and symbols, Best To use in Time Frame Higher Than 30m
About The Indicator :
This indicator uses MACD to scan the Trend Based on Higher TF and RSI+CCI for entries . It also has the ability to plot MACD crossing signal line in higher TF, plotted on the bottom of the chart and ATR is used for Stop Loss, plotted below Signals. One of the best function of this indicator is support/resistance levels, dot lines plotted on the chart, Which can be used to Take Profit as targets.
How To Use :
The main strategy behind this indicator is to only Long When Background Trend is green and only Short when Background trend is red . Enter on B/S Signal close.
Functions :
- MACD to scan Trend and MACD cross on Multi Time Frame.
- RSI to find lower Buy entry and Higher Sell entry (MTF - Only use current TF or Lower).
- CCI to find continuation entries (More Signals).
- Stop Loss.
- Support and Resistance Levels (Take Profit Targets).
This indicator is set up keeping Money management as one of the main priority, Keep taking profits on targets and always move Stop Loss to Breakeven Once in Profit.
PM for access.
OH2B Trading Indicator Ver2.0OH2B TRADING INDICATOR
The OH2B Trading Indicator is an indicator built for beginners.
It gives you entry points for BUY and SELL based on Trend Channel and Ema-Crossover.
It also gives you EXIT POINTS for taking profits based on the Average Directional Index and Relative Strength Index.
TRADING WITH OH2B INDICATOR
The OH2B Trading Indicator gives you entry points for BUY or SELL .
When the ema1 crosses above ema2, the trend channel will be painted GREEN in color, and a BUY signal will appear. = BUY
When the ema1 crosses below ema2, the trend channel will be painted RED in color, and a SELL signal will appear. = SELL
When a BUY or SELL signal appears on the chart, don't rush into any trade.
Please allow a few hours for confirmation of signals .
After confirmation, it is suggested to enter 50% first and another 50% near the Trendlines .
After entering a trade, please remember to set a stop-loss alert of an opposite signal.
To TAKE PROFIT , please follow the Triangles indicated on the chart
RED Triangles are the Take-Profit targets for the BUY (long) signal
GREEN Triangles are the Take-Profit targets for the SELL (short) signal
*After taking profit, please set a Stoploss to at least break-even level to protect your profits.
Often the price goes to the Trendlines after the signal, so keep some funds to increase the position or even open all position near the Trendlines , or use it for re-enter with SL after you closed position on TPs.
Setting alerts for Trade
Remember to set an alert so that you won't miss any opportunity.
TradingView will notify you immediately when a new signal pops up on the chart.
Tips for the beginners:
Recommended using the indicator at 1H - 2H Timeframe .
Recommended using the indicator for Spot Trading at both Crypto and Stock Market.
Do not use leverage above 5x.
No more than 5% of the deposit in one trade.
Do not rush into any trade when a new signal pops up, please allow a few hours for confirmation of signals.
OH2B Trading Indicator for Swing TradingOH2B Trading Indicator
The OH2B Trading Indicator is an indicator built for advanced traders.
It gives you entry points for BUY and SELL based on Trend Channel and Ema-Crossover.
It offers you a higher frequency of signals for swing trading.
The Take-Profit Indicator gives you exit points for taking profits based on the Average Directional Index and Relative Strength Index.
Trading with Both Indicators
Orange Zone : Wait for the next signal from OH2B Trading Indicator.
The OH2B Trading Indicator gives you entry points for BUY or SELL .
When the ema1 crosses above ema2, the trend channel will be painted GREEN in color, and a BUY signal will appear. = BUY
When the ema1 crosses below ema2, the trend channel will be painted RED in color, and a SELL signal will appear. = SELL
When a BUY or SELL signal appears on the chart, don't rush into any trade.
Please allow a few hours for confirmation of signals .
To take profit, please follow the Take-Profit Indicator at the bottom.
RED dots are the Take-Profit targets for the BUY (long) signal
GREEN dots are the Take-Profit targets for the SELL (short) signal
*After taking profit, please set a Stoploss to at least break-even level to protect your profits.
When the price enters the Orange Zone again, you may close your trade and wait for the next signal.
If you like to keep your positions at Orange Zone, please remember to set a stop-loss alert when an opposite signal pops up on the chart.
Often the price goes to the Trendline after the signal, so keep some funds to increase the position or even open all position near the Trendline , or use it for re-enter with SL after you closed position on TPs.
Tips for the traders:
Recommended using the indicators at 1H Timeframe .
Recommended using the indicators for Spot Trading at both Crypto and Stock Market.
Do not use leverage above 5x.
No more than 5% of the deposit in one trade.
Try to enter/exit a position by limit orders.
Do not rush into any trade when a new signal pops up, please allow a few hours for confirmation of signals.
OH2B Trading Indicator for Long-Term TradingOH2B Trading Indicator
The OH2B Trading Indicator is an indicator built for beginners.
It gives you entry points for BUY and SELL based on Trend Channel and Ema-Crossover.
The Take-Profit Indicator gives you exit points for taking profits based on the Average Directional Index and Relative Strength Index.
Trading with Both Indicators
Orange Zone : Wait for the next signal from OH2B Trading Indicator.
The OH2B Trading Indicator gives you entry points for BUY or SELL .
When the ema1 crosses above ema2, the trend channel will be painted GREEN in color, and a BUY signal will appear. = BUY
When the ema1 crosses below ema2, the trend channel will be painted RED in color, and a SELL signal will appear. = SELL
When a BUY or SELL signal appears on the chart, don't rush into any trade.
Please allow a few hours for confirmation of signals .
To take profit, please follow the Take-Profit Indicator at the bottom.
RED dots are the Take-Profit targets for the BUY (long) signal
GREEN dots are the Take-Profit targets for the SELL (short) signal
*After taking profit, please set a Stoploss to at least break-even level to protect your profits.
When the price enters the Orange Zone again, you may close your trade and wait for the next signal.
If you like to keep your positions at Orange Zone, please remember to set a stop-loss alert when an opposite signal pops up on the chart.
Often the price goes to the Trendline after the signal, so keep some funds to increase the position or even open all position near the Trendline , or use it for re-enter with SL after you closed position on TPs.
Tips for the beginners:
Recommended using the indicators at 4H Timeframe .
Recommended using the indicators for Spot Trading at both Crypto and Stock Market.
Do not use leverage above 5x.
No more than 5% of the deposit in one trade.
Try to enter/exit a position by limit orders.
Do not rush into any trade when a new signal pops up, please allow a few hours for confirmation of signals.
Zeta ScalperWhat is Scalping?
Scalping is a trading strategy aimed at profiting from quick momentum in a volatile index or stock.
Traders who use such strategies place anywhere from 10 to a few hundred trades in a single day.
The idea behind such type of trading is that small moves in an index or stock price are much easier to capture than the larger moves.
Traders who use such strategies are known as scalpers. When you take many small profits a number of times, say 10 points scalped 20 times per day, they can easily add up to large gains.
An Option Buyer's Biggest Enemy is Time Decay and when you scalp, you do not allow the time decay to eat your Option Premium as your Entry and Exit is often quick enough.
What is Zeta Scalper?
Zeta Scalper indicator is a momentum based indicator which tries to detect momentum based upon a number of Candle Stick Patterns.
When it thinks a move has the potential to turn into a big move, it generated its Buy/Sell Signals.
It is a well known fact that actual drivers of the market are Big Institutions, Mutual Funds & Big Guys with deep pockets.
They have large amounts of money to invest and they buy & sell in bulk.
When they buy, often their objective is to buy at lower levels (below average price of the day) & when they sell they sell at higher levels (above average price of the day).
Zeta Scalper seeks to detect this activity. When aggressive buying or selling starts where Buying & Selling Forces become unequal, the Price starts moving in one direction with candles making Higher Highs or Lower Lows.
Zeta Scalper detects these Higher Highs or Lower Lows and generates Buy or Sell signals when this happens.
In order to use this indicator, simply deploy this on your chart, and wait for Buy/Sell signals.
It works on all time frames including 1 min. 3min. 5min. & 10min. etc.
When a Buy Signal is followed by Sell signal (let it be after 3 - 4 candles or after many candles) or vice-versa, you have to switch your position to make most of the reverse move.
It is a general purpose indicator and may be used on stocks, commodities and currencies alike and is not meant for any specific market.
How to Take Buy/Sell Entry with Zeta Scalper?
Whenever you see a Buy Signal, mark its closing price with a horizontal line and as soon as a candle breaks this candle's High, it is time for you to take Entry.
Your STOP LOSS could be just 0.5% below your Entry Price, hence, no big loss even if things go wrong.
Keep moving your STOP LOSS up as the price moves in your favour and when market turns around and you see a SELL signal, it is time to book your BUY position profit and take Entry on SELL Side now and so on.
How to get this indicator?
This is invite-only indicator. Get in touch with us using information given below in Signature field to try this tool FREE.
