Trend Reversal Indicator (EMA of slopes)Good morning Traders
Inspirated by lukescream EMA-slope strategy, today I want to share with you this simple indicator whose possible use-case would be for detecting in advance possible trend reversals, specially on higher timeframes.
Once that you've chosen the desired source (RSI, EMA or Stochastic k or d), the indicator will calculate its "slope" approximating its first order derivative by the division between the last variation of the series and its last value.
You can see the slope as a white line by enabling the relative checkmark (it's disabled by default since it simply messes up the the graph)
Then, the slope itself becomes the source for two exponential moving averages: the fast one (in blue) has a period of 20 while the slow one (in red, it becomes similiar to a horizontal line actually) has a period of 500
Why the slope? Since all the sources mentioned before are directly or indirectly calculated on the price action, a more aggressiveness in the price movement would be translated into a more (positive/negative) steepness of those indicator (of course this effect would be far more evident if the indicators are calculated on low periods, but really low periods could compromise the consistency of the signals).
In this way, the slope would mirror the decisiveness of price movements and a comparison between two averages calculated from it (the first one based on more recent values, the second one that conisders also older values) could tell you in advance what direction the market is possibly about to take
The usage is simple: once that the fast moving average crosses upward the slow one, this could be a sign of potential trend reversal from bearish to bullish. On the contrary, if the fast EMA crosses downward the slow one, this could be a sign of potential trend reversal from bullish to bearish.
What I suggest you is to integrate this indicator with Exponential Moving Averages plotted on the price candles, in order to have a general bias for opening long or short positions, and with an oscillator as well such as the Stochastisc RSI in order to detect the overbought/oversold zones for opening/closing positions at the right moment.
Happy Trading!
在腳本中搜尋"reversal"
KISS Strategy: SMA + EMA//Hello my fellow investors
//I am creating a simple non-cluttered strategy that uses 3(+1) simple means to determine: viability, entry, and exit
//1) Has a consistent trend been maintained for several days/weeks
//2) SH SMA crossover LG SMA = Bullish entry/LG SMA crossover SH SMA = Bearish entry
//3) Use the Slope factor & Weeks in Trend (WiT) to dertermine how strong of an entry signal you are comfortable with
//4) Exit position based on next SMA cross and trend reversal or stop loss%
//3+1) For added confidence in trend detection: Apply MACD check - buy--> MACD line above signal line and corssover below histogram \\ sell --> MACD line below signal line and crossover above histogram.
//*)This code also allows you to determine your desired backtesting date compliments of alanaster
The chart shown has:
Starting Capital: $10,000
Investment percent per trade: 1.5%
Stop Loss: 20%
Take Profit: 100%
MS ReversalsDisplay of a certain type of reversal bars. Reversal formations have to be considered in market context. Basically downward signals in the uptrend are ignored, unless there is an non-correlated inversion setup. Similarly, upside signals in downtrends are ignored until a bullish reversal setup occurs.
Bollinger Bands Deviation - yo_adriiiiaanBollinger Band Deviations
In theory price trades within 2 standard deviations 95% of the time. This is an attempt to capture that 5% that deviates from the bands.
Useful for taking profit or signaling a reversal.
Market direction and pullback based on S&P 500.A simple indicator based on www.swing-trade-stocks.com The link is also the guide for how to use it.
0 - nothing. If the indicator is showing 0 for a prolonged amount of time, it is likely the market is in "momentum mode" (referred to in the link above).
1 - indicates an uptrend based on SMA and EMA and also a place where a reversal to the upside is likely to occur. You should look only for long trades in the stock market when you see a spike upwards and S&P 500 is showing an obvious uptrend.
-1 - indicates a downtrend based on SMA and EMA and also a place where a reversal to the downside is likely to occur. You should look only for short trades in the stock market when you see a spike upwards and S&P 500 is showing an obvious uptrend.
Trend Classifier [ChartPrime]Trend Classifier
This is a multi-level trend classification tool that detects bullish, bearish, and ranging conditions using an adaptive smoothing method. It highlights trend strength through color-coded candles and layered bands, making it easy to interpret market momentum visually.
⯁ KEY FEATURES
Classifies trend strength using 3 bullish and 3 bearish levels relative to an adaptive trend line.
Neutral (range) zones are marked when price stays between key bands, often signaling low volatility or consolidation.
Automatically filters band visibility based on current trend direction:
In uptrends, only levels below the price are displayed.
In downtrends, only levels above the price are shown.
Color-coded candles:
Aqua candles for bullish conditions.
Red candles for bearish conditions.
Orange candles during neutral or ranging conditions.
Includes a trend direction change marker (diamond), plotted when a shift in trend is detected.
Plots a central smoothed trend line to anchor the trend bands dynamically.
Displays a trend strength dashboard in the top-right corner with real-time bull and bear scores (0 to 3).
Labels with arrows (▲/▼) show current trend direction and strength on the chart.
⯁ HOW TO USE
Use bull and bear levels (1–3) to assess the momentum of the current trend.
When bull = 0 and bear = 0 , market is considered ranging or consolidating – consider fading or waiting for breakout confirmation.
Trend bands can be used as dynamic support/resistance during trending phases.
Monitor the trend change diamonds to spot potential early reversals.
Combine with volume or oscillator tools for confirmation of strength shifts.
⯁ CONCLUSION
Trend Classifier helps traders stay aligned with the dominant trend while visually breaking down market momentum into levels. Its clean color-coded design and strength dashboard make it ideal for both trend following and range trading strategies.
Volatility Price FlowCapitalize on market volatility with our new volatility price flow indicator. We have designed this indicator to process historical price movements and indicate when price may have reached exhaustion in the context of current volatility.
This is achieved by taking the price deviation from a user defined moving average, and applying a weighting to the deviations from the candle body and candle wick on both buy side and sell side, over a user defined period. The period of the base moving average, type of moving average and the period of the historical price deviations can all be modified. This creates a typical 'band' style indicator, though with a unique characteristic that the buy and sell side vary independently as well as the band expansion being based on weighted variables tied to the actual price changes, rather than just a standard deviation the moves uniformly.
Additionally, these bands can be merged with an anchored vwap - we do this so that the deviations of price from the moving average can include a more volume based approach to identifying potential pivots.
The end result is an indicator that reflects the current market price movements, identifies and capitalizes on impulsive or beginning moves to indicate potential tops / bottoms / reversals.
The signals are simple - anytime price closes within a band, having been outside the band, a signal is displayed. As a basic guide to setting the indicator up for the first time, we suggest reducing all of the multipliers to a value less than 1. Then gradually increase each one, until the signals reduce in quantity and improve in quality, starting with the price deviation multiplier, then the volatility multiplier and finally the expansion multiplier.
Last of all, alerts can be created based on the current chart timeframe and indicator settings, simply by adding an alert that uses the built in buy or sell signal.
Note: We cannot guarantee the accuracy of the signals provided, since the user creates the signals by modifying the settings, and as such we can take no responsibility for any trading losses incurred using the indicator and highly encourage all users to manage their risk and only risk what you can afford to lose.
[SHORT ONLY] Internal Bar Strength (IBS) Mean Reversion Strategy█ STRATEGY DESCRIPTION
The "Internal Bar Strength (IBS) Strategy" is a mean-reversion strategy designed to identify trading opportunities based on the closing price's position within the daily price range. It enters a short position when the IBS indicates overbought conditions and exits when the IBS reaches oversold levels. This strategy is Short-Only and was designed to be used on the Daily timeframe for Stocks and ETFs.
█ WHAT IS INTERNAL BAR STRENGTH (IBS)?
Internal Bar Strength (IBS) measures where the closing price falls within the high-low range of a bar. It is calculated as:
IBS = (Close - Low) / (High - Low)
- Low IBS (≤ 0.2) : Indicates the close is near the bar's low, suggesting oversold conditions.
- High IBS (≥ 0.8) : Indicates the close is near the bar's high, suggesting overbought conditions.
█ SIGNAL GENERATION
1. SHORT ENTRY
A Short Signal is triggered when:
The IBS value rises to or above the Upper Threshold (default: 0.9).
The Closing price is greater than the previous bars High (close>high ).
The signal occurs within the specified time window (between `Start Time` and `End Time`).
2. EXIT CONDITION
An exit Signal is generated when the IBS value drops to or below the Lower Threshold (default: 0.3). This prompts the strategy to exit the position.
█ ADDITIONAL SETTINGS
Upper Threshold: The IBS level at which the strategy enters trades. Default is 0.9.
Lower Threshold: The IBS level at which the strategy exits short positions. Default is 0.3.
Start Time and End Time: The time window during which the strategy is allowed to execute trades.
█ PERFORMANCE OVERVIEW
This strategy is designed for Stocks and ETFs markets and performs best when prices frequently revert to the mean.
The strategy can be optimized further using additional conditions such as using volume or volatility filters.
It is sensitive to extreme IBS values, which help identify potential reversals.
Backtesting results should be analyzed to optimize the Upper/Lower Thresholds for specific instruments and market conditions.
Internal Bar Strength (IBS) Strategy█ STRATEGY DESCRIPTION
The "Internal Bar Strength (IBS) Strategy" is a mean-reversion strategy designed to identify trading opportunities based on the closing price's position within the daily price range. It enters a long position when the IBS indicates oversold conditions and exits when the IBS reaches overbought levels. This strategy was designed to be used on the daily timeframe.
█ WHAT IS INTERNAL BAR STRENGTH (IBS)?
Internal Bar Strength (IBS) measures where the closing price falls within the high-low range of a bar. It is calculated as:
IBS = (Close - Low) / (High - Low)
- **Low IBS (≤ 0.2)**: Indicates the close is near the bar's low, suggesting oversold conditions.
- **High IBS (≥ 0.8)**: Indicates the close is near the bar's high, suggesting overbought conditions.
█ SIGNAL GENERATION
1. LONG ENTRY
A Buy Signal is triggered when:
The IBS value drops below the Lower Threshold (default: 0.2).
The signal occurs within the specified time window (between `Start Time` and `End Time`).
2. EXIT CONDITION
A Sell Signal is generated when the IBS value rises to or above the Upper Threshold (default: 0.8). This prompts the strategy to exit the position.
█ ADDITIONAL SETTINGS
Upper Threshold: The IBS level at which the strategy exits trades. Default is 0.8.
Lower Threshold: The IBS level at which the strategy enters long positions. Default is 0.2.
Start Time and End Time: The time window during which the strategy is allowed to execute trades.
█ PERFORMANCE OVERVIEW
This strategy is designed for ranging markets and performs best when prices frequently revert to the mean.
It is sensitive to extreme IBS values, which help identify potential reversals.
Backtesting results should be analyzed to optimize the Upper/Lower Thresholds for specific instruments and market conditions.
Edufx AMD~Accumulation, Manipulation, DistributionEdufx AMD Indicator
This indicator visualizes the market cycles using distinct phases: Accumulation, Manipulation, Distribution, and Reversal. It is designed to assist traders in identifying potential entry points and understanding price behavior during these phases.
Key Features:
1. Phases and Logic:
-Accumulation Phase: Highlights the price range where market accumulation occurs.
-Manipulation Phase:
- If the price sweeps below the accumulation low, it signals a potential "Buy Zone."
- If the price sweeps above the accumulation high, it signals a potential "Sell Zone."
-Distribution Phase: Highlights where price is expected to expand and establish trends.
-Reversal Phase: Marks areas where the price may either continue or reverse.
2. Weekly and Daily Cycles:
- Toggle the visibility of Weekly Cycles and Daily Cycles independently through the settings.
- These cycles are predefined with precise timings for each phase, based on your selected on UTC-5 timezone.
3. Customizable Appearance:
- Adjust the colors for each phase directly in the settings to suit your preferences.
- The indicator uses semi-transparent boxes to represent the phases, allowing easy visualization without obstructing the chart.
4. Static Boxes:
- Boxes representing the phases are drawn only once for the visible chart range and do not dynamically delete, ensuring important consistent reference points.
Adaptive SuperTrend Oscillator [AlgoAlpha]Adaptive SuperTrend Oscillator 🤖📈
Introducing the Adaptive SuperTrend Oscillator , an innovative blend of volatility clustering and SuperTrend logic designed to identify market trends with precision! 🚀 This indicator uses K-Means clustering to dynamically adjust volatility levels, helping traders spot bullish and bearish trends. The oscillator smoothly tracks price movements, adapting to market conditions for reliable signals. Whether you're scalping or riding long-term trends, this tool has got you covered! 💹✨
🔑 Key Features:
📊 Volatility Clustering with K-Means: Segments volatility into three levels (high, medium, low) using a K-Means algorithm for precise trend detection.
📈 Normalized Oscillator : Allows for customizable smoothing and normalization, ensuring the oscillator remains within a fixed range for easy interpretation.
🔄 Heiken Ashi Candles : Optionally visualize smoothed trends with Heiken Ashi-style candlesticks to better capture market momentum.
🔔 Alert System : Get notified when key conditions like trend shifts or volatility changes occur.
🎨 Customizable Appearance : Fully customizable colors for bullish/bearish signals, along with adjustable smoothing methods and lengths.
📚 How to Use:
⭐ Add the indicator to favorites by pressing the star icon. Customize settings to your preference:
👀 Watch the chart for trend signals and reversals. The oscillator will change color when trends shift, offering visual confirmation.
🔔 Enable alerts to be notified of critical trend changes or volatility conditions
⚙️ How It Works:
This script integrates SuperTrend with volatility clustering by analyzing ATR (Average True Range) to dynamically identify high, medium, and low volatility clusters using a K-Means algorithm . The SuperTrend logic adjusts based on the assigned volatility level, creating adaptive trend signals. These signals are then smoothed and optionally normalized for clearer visual interpretation. The Heiken Ashi transformation adds an additional layer of smoothing, helping traders better identify the market's true momentum. Alerts are set to notify users of key trend shifts and volatility changes, allowing traders to react promptly.
Non-Sinusoidal Multi-Layered Moving Average OscillatorThis indicator utilizes multiple moving averages (MAs) of different lengths their difference and its rate of change to provide a comprehensive view of both short-term and long-term market trends. The output signal is characterized by its non-sinusoidal nature, offering distinct advantages in trend analysis and market forecasting.
Combining the difference between two moving averages with the ROC allows to assess not only the direction and strength of the trend but also the momentum behind it. Transforming these signal in to non-sinusoidal output enhances its utility.
The indicator allows traders to select any one or more of seven moving average options. Larger timeframes (e.g., MA89/MA144) provide a broader identification of the overall trend, helping to understand the general market direction. Smaller timeframes (e.g., MA5/MA8) are more sensitive to price changes and can indicate better entry and exit points, aiding in the identification of retracements and pullbacks. By combining multiple timeframes, traders can get a comprehensive view of the market, enabling more precise and informed trading decisions.
Key Features:
Multiple Moving Averages:
The indicator calculates several exponential moving averages (EMAs) based on different lengths: MA5, MA8, MA13, MA21, MA34, MA55, MA89, and MA144.
These MAs are further smoothed using a secondary exponential moving average, with the smoothing length customizable by the user.
Percentage Differences:
The indicator computes the percentage differences between successive MAs (e.g., (MA5 - MA8) / MA8 * 100). These differences highlight the relative movement of prices over different periods, providing insights into market momentum and trend strength.
Short-term MA differences (e.g., MA5/MA8) are more sensitive to recent price changes, making them useful for detecting quick market movements.
Long-term MA differences (e.g., MA89/MA144) smooth out short-term fluctuations, helping to identify major trends.
Rate of Change (ROC):
The indicator applies the Rate of Change (ROC) to the percentage differences of the MAs. ROC measures the speed at which the percentage differences are changing over time, providing an additional layer of trend analysis.
ROC helps in understanding the acceleration or deceleration of market trends, indicating the strength and potential reversals.
Transformations:
The percentage differences undergo a series of mathematical transformations (either inverse hyperbolic sine transformation or inverse fisher transformation) to refine the signal and enhance its interpretability. These transformations include adjustments to stabilize the values and highlight significant movements.
checkbox allows users to select which mathematical transformations to use.
Non-Sinusoidal Nature:
The output signal of this indicator is non-sinusoidal, characterized by abrupt changes and distinct patterns rather than smooth, wave-like oscillations.
The non-sinusoidal signal provides clearer demarcations of trend changes and is more responsive to sudden market shifts.
This nature reduces the lag typically associated with sinusoidal indicators, allowing for more timely and accurate trading decisions.
Customizable Options:
Users can select which MA pairs to include in the analysis using checkboxes. This flexibility allows the indicator to adapt to different trading strategies, whether focused on short-term movements or long-term trends.
Visual Representation:
The indicator plots the transformed values on a separate panel, making it easy for traders to visualize the trends and potential entry or exit points.
Usage Scenarios:
Short-Term Trading: By focusing on shorter MAs (e.g., MA5/MA8), traders can capture quick market movements and identify short-term trends.
Long-Term Analysis: Utilizing longer MAs (e.g., MA89/MA144) helps in identifying major market trends.
Combination of MAs: The ability to mix different MA lengths provides a balanced view, helping traders make decisions based on both immediate price actions and overall market direction.
Practical Benefits:
Early Signal Detection: The sensitivity of short-term MAs provides early signals for potential trend changes, assisting traders in timely decision-making.
Trend Confirmation: Long-term MAs offer stable trend confirmation, reducing the likelihood of false signals in volatile markets.
Noise Reduction: The mathematical transformations and ROC applied to the percentage differences help in filtering out market noise, focusing on meaningful price movements.
Improved Responsiveness: The non-sinusoidal nature of the signal allows the indicator to react more quickly to market changes, providing more accurate and timely trading signals.
Clearer Trend Demarcations: Non-sinusoidal signals make it easier to identify distinct phases of market trends, aiding in better interpretation and decision-making.
Breakout Detector (Previous MTF High Low Levels) [LuxAlgo]The Breakout Detector (Previous MTF High Low Levels) indicator highlights breakouts of previous high/low levels from a higher timeframe.
The indicator is able to: display take-profit/stop-loss levels based on a user selected Win/Loss ratio, detect false breakouts, and display a dashboard with various useful statistics.
Do note that previous high/low levels are subject to backpainting, that is they are drawn retrospectively in their corresponding location. Other elements in the script are not subject to backpainting.
🔶 USAGE
Breakouts occur when the price closes above a previous Higher Timeframe (HTF) High or below a previous HTF Low.
On the advent of a breakout, the closing price acts as an entry level at which a Take Profit (TP) and Stop Loss (SL) are placed. When a TP or SL level is reached, the SL/TP box border is highlighted.
When there is a breakout in the opposite direction of an active breakout, previous breakout levels stop being updated. Not reaching an SL/TP level will result in a partial loss/win,
which will result in the box being highlighted with a dotted border (default). This can also be set as a dashed or solid border.
Detection of False Breakouts (default on) can be helpful to avoid false positives, these can also be indicative of potential trend reversals.
This indicator contains visualization when a new HTF interval begins (thick vertical grey line) and a dashboard for reviewing the breakout results (both defaults enabled; and can be disabled).
As seen in the example above, the active, open breakout is colored green/red.
You can enable the setting ' Cancel TP/SL at the end of HTF ', which will stop updating previous TP/SL levels on the occurrence of a new HTF interval.
🔶 DETAILS
🔹 Principles
Every time a new timeframe period starts, the previous high and low are detected of the higher timeframe. On that bar only there won't be a breakout detection.
A breakout is confirmed when the close price breaks the previous HTF high/low
A breakout in the same direction as the active breakout is ignored.
A breakout in the opposite direction stops previous breakout levels from being updated.
Take Profit/Stop Loss, partially or not, will be highlighted in an easily interpretable manner.
🔹 Set Higher Timeframe
There are 2 options for choosing a higher timeframe:
• Choose a specific higher timeframe (in this example, Weekly higher TF on a 4h chart)
• Choose a multiple of the current timeframe (in this example, 75 minutes TF on a 15 min chart - 15 x 5)
Do mind, that when using this option, non-standard TFs can give less desired timeframe changes.
🔹 Setting Win/Loss Levels
The Stop Loss (SL) / Take Profit (TP) setting has 2 options:
W%:L% : A fixed percentage is chosen, for TP and SL.
W:L : In this case L (Loss-part) is set through Loss Settings , W (Win-part) is calculated by multiplying L , for example W : L = 2 : 1, W will be twice as large as the L .
🔹 Loss Settings
The last drawing at the right is still active (colored green/red)
The Loss part can be:
A multiple of the Average True Range (ATR) of the last 200 bars.
A multiple of the Range Cumulative Mean (RCM).
The Latest Swing (with Length setting)
Range Cumulative Mean is the sum of the Candle Range (high - low) divided by its bar index.
🔹 False Breakouts
A False Breakout is confirmed when the price of the bar immediately after the breakout bar returns above/below the breakout level.
🔹 Dashboard
🔶 ALERTS
This publication provides several alerts
Bullish/Bearish Breakout: A new Breakout.
Bullish/Bearish False Breakout: False Breakout detected, 1 bar after the Breakout.
Bullish/Bearish TP: When the TP/profit level has been reached.
Bullish/Bearish Fail: When the SL/stop-loss level has been reached.
Note that when a new Breakout causes the previous Breakout to stop being updated, only an alert is provided of the new Breakout.
🔶 SETTINGS
🔹 Set Higher Timeframe
Option : HTF/Mult
HTF : When HTF is chosen as Option , set the Higher Timeframe (higher than current TF)
Mult : When Mult is chosen as Option , set the multiple of current TF (for example 3, curr. TF 15min -> 45min)
🔹 Set Win/Loss Level
SL/TP : W:L or W%:L%: Set the Win/Loss Ratio (Take Profit/Stop Loss)
• W : L : Set the Ratio of Win (TP) against Loss (SL) . The L level is set at Loss Settings
• W% : L% : Set a fixed percentage of breakout price as SL/TP
🔹 Loss Settings
When W : L is chosen as SL/TP Option, this sets the Loss part (L)
Base :
• RCM : Range Cumulative Mean
• ATR : Average True Range of last 200 bars
• Last Swing : Last Swing Low when bullish breakout, last Swing High when bearish breakout
Multiple : x times RCM/ATR
Swing Length : Sets the 'left' period ('right' period is always 1)
Colours : colour of TP/SL box and border
Borders : Style border when breakout levels stop being updated, but TP/SL is not reached. (Default dotted dot , other option is dashed dsh or solid sol )
🔹 Extra
Show Timeframe Change : Show a grey vertical line when a new Higher Timeframe interval begins
Detect False Outbreak
Cancel TP/SL at end of HTF
🔹 Show Dashboard
Location: Location of the dashboard (Top Right or Bottom Right/Left)
Size: Text size (Tiny, Small, Normal)
See USAGE/DETAILS for more information
MTF ATR Reversal Levels (Open Source)
This is an open source version of the original I posted a couple of years ago.... Multitple TimeFrame Swingarm system borrowing from the Blackflag FTS indicator.
This throws up 5 resolutions of ATR thresholds, only showing the current bar level using a horizontal line across the full chart. I don't like the historical information charted, just need to know the current level for my trading purposes.
It will also give Sell/Buy alerts when the closing price exceeds one of those thresholds... essentially confirmation of a trend reversal.
On the primary resolution (defaulted to the current timeframe of the chart) it can show the fibonacci reversal levels using the ATR levels for that time resolution. This is if for the current trend.
I find it useful, so I thought I would share. Like all indicators, it'll work as long as you stick with a system, and let it work. :)
PinBar Detector [Mr_Zed]Pinbar Detector is a technical analysis tool designed to detect Pinbar patterns in financial markets. Pinbars are reversal patterns that indicate a potential change in trend.
This indicator is based on an existing Pinbar detector in MQ4/5 format, originally developed by "earnforex".
The PineScript version is written to work in TradingView, and can be applied to any chart to identify Pinbar formations. The indicator uses specific criteria to identify Pinbars, such as the length of the wick and the relationship between the wick and the body of the candlestick. By displaying the Pinbars on the chart, traders can make informed decisions about entering or exiting trades based on their analysis of the market's potential trend reversal.
enjoy !
FieryTrading: Buy The Dip - Sell The RipDear Tradingview community,
Today I want to share a very powerful, yet easy to use indicator with you. The indicator will find local tops or bottoms and will help you determine when it's a good time to trade a potential reversal.
How does it work?
The indicator makes use of the RSI to detect extremities and waits until the RSI reverses. Furthermore, a long-term moving average is used to determine whether we're in bullish or bearish market conditions. In bullish conditions the indicator will only go long, in bearish conditions the indicator will only go short.
How do I use it?
Favorite the indicator and apply it to your chart! You can add an alert to the indicator to receive a message once it has detected a good point for a reversal trade.
The indicator can be used on all assets and on all timeframes. Personally, I've found the 1 - 4 hourly timeframes to yield the best results.
Good luck!
PrevHighLow Trend IndicatorPrevHighLow Trend Indicator which is calculated by using prev lowest and highest of p1 -period and p2 -period for two MAs.
First MA is made of prev highest of p1-period / prev lowest of p1-period.
Second MA is faster, made up of p2(<p1)- period(same formula).
Can be used in the next way: slower MA(straight line) shows main trend, faster shows temporary trend.
BUY, when first MA and second MA are green; Exit: second MA changes from green to red.
SELL, when first MA and second MA are red; Exit: second MA changes from red to green.
RSI Assistant basically filtres signals in the way, when signals from RSI and Faster MA are similar? it signals about it with labels: BUY for long, SELL for short. You can either enable or disable it. Also customizable so you can find your setup. RSI Assistant, depending on you customize it, can help you either follow trend or show reversals. Just find your own setup and watch things happen!
Feel free to leave valuable feedback and your setups which you consider to be good.
Hope you PHLTI usefull. Good luck!
50% Strat RetracementThe purpose of this script is to show/alert you when there is a 50% Strat Reversal. It works very well to find possible 3 candles.
The arrows, and line can be turned on and off.
You can change the 50% to say 45% so that you will be alerted before it actually hits the 50% retracement.
The script will only alert if the reversal is a 2up red candle, a 2up green candle which will hopefully turn into a 3 candle.
Distance from Vwap// How it Works \\
Measuring the distance of the close price from a higher timeframe VWAP - Volume Weighted Average Price
There is a threshold which is calculated by looking back at the previous x amount of bars and storing the highest/lowest values
If the distance from the vwap stretches above that threshold, the histogram will go green if price is above VWAP and red if its below the vwap
If the distance from the vwap reaches below the low threshold you will see the histogram flashes orange
// Settings \\
In the settings you have the ability to change what timeframe the indicator is calculated on, as well as this you can change the timeframe the VWAP is calculated on.
I always recommend using a higher timeframe vwap as they tend to me more respected
e.g on the hourly timeframe, I use the weekly VWAP, on 1 minute timeframe you may want to use 4 hour timeframe but obviously feel free to experiment
// Use Case \\
When histogram is flashing green, prices is pulling far away from the vwap, obviously you don't want to be buying a falling knife but if you have levels of confluence this can help spot reversals.
I personally wait until the first candle after its been green to get confirmation of the fall weakening. Vica versa for reds and shorts/sells.
When you see orange flashes, this shows that price has been consolidating and the price is very close to the higher time frame VWAP which could be considered a safe entry point as they tend to lead to a big move to follow
// Suggestions \\
Happy for anyone to make any suggestions on changes which could improve the script,
// Terms \\
Feel free to use the script, If you do use the script could you please just tag me as I am interested to see how people are using it. Good Luck!
Wick Reversal Hi the given strategy is based on detecting hammer and shooting star patterns to trade early reversals.
Center Of Gravity OscillatorThe COG Oscillator (center of gravity) is an indicator based on statistics and the Fibonacci golden ratio. It uses ALMA as a trigger and LSMA as "zero line". The trigger is set tight by default but can be tweaked by adjusting the window size and sigma in settings. This is a great indicator for setting up trades and spotting reversals. There are 2 main strategies that come with this indicator:
Strategy 1: Long positions are entered when current low point is higher than previous low. Short positions are entered as current high is lower than previous high. (Shown in image above)
Strategy 2 : If market is bullish long trades are entered as COG line crosses over red LSMA line. Traders have the option of scalping the first crossover or even scaling out of trade to close on second exit. This works the opposite for shorts when market is bearish.
Above shows different configurations of the indicator. Top shows length of 50, Middle has length of 21 and bottom is default 9.
Volatility OscillatorThis tool displays relative volatility and directional trend. Excellent way to pickup diversions and reversals. Length can be lowered to 11 or 13 in settings to show price range.
Can be used to identify patterns such as parallel channels and likely direction of price action as pictured below.
Turbulence reversalGiven that the market turbulence tends to cluster, I developed a turbulence moving average system to reveal the unseen underlying structure of the least resistance path for trend following.
Here, I used an SMA subset from the turbulence moving average system to determine the trend direction. This estimation is achieved by calculating the dynamic changes of SMA slope angle and distance between SMA. The former represents a possible reversal signal, and the latter shows the resistance from the intermediate-term SMA.
When the short-term slope angle crossovers the intermediate-term slope angle, the indicator will give a star sign, indicating a possible trend reversal.
Use this indicator together with the turbulence moving average system (Turbulence with direction).
