[VDB]TrendScalp-FractalBox-3EMAThere are many indicators with William’s Fractal and Alligator. As many use EMA’s it may be useful to define a 3-EMA ribbon and combining Fractal Levels/Box (filling background between top and bottom fractals) for trend scalping. I searched for this kind of indicator in community – some show fractals, some just levels, some with alligator etc. but couldn't find the one needed. Hence thought of this indicator which may be of interest to other users too.
Key Points:
EMA ribbon is created using 3 EMA’s 35/70/105. Users can change these as per their preference. This is used for trend identification – 1. Bullish bias if Price > EMA1 > EMA2 > EMA3. 2. Bearish bias if Price < EMA1 < EMA2 < EMA3.
Background is marked during crossing of EMA1 and EMA2 to alert possible trend change.
5-bar fractals are used to mark the Fractal levels and background between top and bottom fractals are filled to create a Fractal Box.
Fractal levels are marked only when the fractal formation is complete. Given offset is used this is lagging.
How to Use:
Sloping EMA ribbon is used for identifying the trend.
Fractal box break-out/ break-downs are used to trigger the trade with fractal high/low for entry/SL. Waiting for price contraction towards EMA ribbon resulting in smaller boxes is key to initiate trade. Avoid bigger boxes as SL’s will be big and price may move within. To draw the vertical lines of FractalBox change fractal level0 style to step-line.
This indicator combined with the cycle high/low (overbought/oversold) indicators such as CCI/Stochastic/RSI etc. can make it a good trend scalping setup while trading in the direction of momentum in higher timeframe.
This setup could be used for any timeframes. Do your back-testing before using it in live market.
This indicator was achieved by combing some fractal ideas from “Fractal and Alligator Alerts by JustUncleL”
DISCLAIMER : This indicator has been created for educational reference only and do not constitute investment advice. This indicator should not be relied upon as a substitute for extensive independent market research before making your actual trading decisions. Market data or any other content is subject to change at any time without notice. Liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of this indicator is accountability of user using it.
在腳本中搜尋"scalping"
AJ Scalp Reversal Tops and Bottoms IndicatorReuploaded after TV took it down.
A free scalping reversal, top and bottom indicator. It prints signals in real time, and should be used for scalping.
Following candle will usually always follow the signal but from there closer management is required.
This script uses RSI, Volume, OBV, Pivots and a few more indicators to calculate the signals.
Use alongside other indicators and price action analysis for best results.
Only use on time frames above 1H, otherwise the signals fire too frequently.
*These signals are different compared to other scripts created by me
Average Band by HarmanUsually, Moving Averages (Simple & Exponential) consider "close" of each candle to form a line for a particular period. In this indicator, we have considered all the parameters (Open, Close, Low & High) of each candle to form a Band or a wave which act as a zone to provide support & resistance. It works well on all the time frames. It perfectly works on lower time frames of 15 min & 5 min for intraday trades and even for scalping. There is a line that moves very near to candles known as "Candle Line" provide support & resistance to each individual candle and a leading line which moves ahead also acts as support & resistance and helps in determining trend direction.
How to use the indicator ?
Indicator consists of 3 components :
1) A Band or wave of 3 lines (upper, middle & lower line)
2) A "Candle Line" which moves along with the candles
3) A Leading line which moves ahead of the candles
Method 1 : When candles are being formed above the candle line (line near to candles) and it crosses the band or wave from below to upside, then long trade can be initiated. Similarly, When candles are being formed below the Candle line and it crosses the band or wave from upside then short trade can be initiated. Stop loss can be maintained below the band for Long trade and above the band for short trade. Candle line can be used to trail the stop loss.
Method 2: If candles moves above and below of the band very often and frequently and candle line is in the middle of candles then it is NO TRADING ZONE. If you still want to trade, then select a higher time frame and check the price movement. If there is a stability in the higher time frame, then take the trade in the higher timeframe with stable movement.
Method 3 : Candle line acts as "First line of Defence". In a uptrend, all the candles are formed above the candle line and in case of down trend, all the candles are formed below the candle line. When a newly formed candle cross the candle line then you can book profit. For Example : In uptrend , candles are being formed above the line, when a new candle started forming below the line and when the complete candle is formed below the line, profit can be booked. Vice-versa in case of downtrend.
Method 4: Direction of leading line, band and candle line helps in determining the trend. If all these three components are in upward direction, price trend is upward and if all these three components are in downward direction, then price trend is downward. When, leading line and band cross each other from opposite direction for consecutive 2-3 times, then price movement is sideways.
Method 5 : Thickness of band play an important role in determining price action. If band is narrow, it means small candles are being formed and no any huge price movement is observed in this period. When band started expanding, it signifies that big candles are begin to form and there is a more price movement than before. Similarly, If contraction of band started, it means that small candles are being formed and there is low price movement as compared to the price movement when Band was expanded. If Band is expanded (wider) and volumes are high, It means the Band will act as strong Support or Resistance than usual. In case, candles and candle line cross the expanded Band, you can enter the Long or Short trade.
Method 6: When the Band, leading line and candle line collides or meet at a single point, then it is either strong support or resistance.
Method 7 : Usage in Scalping : Select the shorter time frame of 1 min or 5 min. If the candles are crossing the band very frequently in 1 min, then select 5 min time frame or wait for few minutes for stability. Now, when candles started forming above the candle line and it crosses the band from below then take a long position and book profit after few candles above the band. Place stop loss below the Band. Similarly, when candles started forming below the candle line and it crosses the band from above, then enter into short trade and book profit after few candles. Place stop loss above the band in the case of short trade.
You can combine above methods to give a sharp edge to your trade and increase the probability of your winning in the trade.
Indicator Settings : Default period selected is 50 for both the Band and leading line. You can change the period to 26 or 100 or 200. Select the period and check the chart, if the indicator looks fine and smooth, then you can use your settings. For most of the time, default settings work perfectly.
Proudly Developed by :
Harmandeep Singh
Graduate in Computer Science with Physics & Mathematics
MBA in Business Marketing and Finance
Experienced Computer programmer & Software developer
Stock Market & Crypto Trader
[blackcat] L3 Bias ScalperLevel: 3
Background
Bias alone is a powerful tool for trading. I use SMA3, SMA10, SMA20, SMA30 to cover short and middle term of the trend for scalping. Multiple biases can be introduced for long and short entries.
Function
Use SMAs and biases for scalping with whale move alert (banker fund flow detection)
Key Signal
buy --> entry signal for long
strongbuy --> entry signal for long
add --> buy more or re-entry signal for long
reduce --> partial exit for long
exit --> complete exit for long
sell --> short entry signal
whalemove --> banker fund move detection
Pros and Cons
This script provides entry signal together with whale detection by bias algorithms, you can use whale move to predict next move of trend in large time frame. However, trading signal should be further filtered out for more precise entry signal.
Remarks
At beginning, I want to make it simple and it looks very complex at the end...
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.
NIKI MS MCXThis indicator is designed specifically for commodity trading. It is more suited to scalping and intraday trading. It will work only on the 15 minute chart. From the indicator setting we can display the target and stop loss. Algorithm trading can be done by setting an alarm. The alarm LE represents long entry and the LX long entry exit. SE represents short entry and SX represents shrot entry exit. There is provision in the settings to maintain the risk reward ratio. The configuration window also contains a condition for setting intraday-timing. The indicator will display the alarm only for the selected time period.The RE:LE and RE: SE represents the re entry positions. The thicker trendline will act like support for uptrend and resistance for downtrend. The smaller trendline will indicates the small changes in the trend and suitable for scalping.
KS Profit TrendStrategy for KS Profit Trend indicator
ATTENTION !!!
Work on the KS Profit Trend indicator is carried out only on the timeframe of 15 minutes!
You do not need to try to trade on other periods.
The transaction can last from one hour to four days.
On average, about 10-15 main UP/DOWN signals are received per month. You can also use strategies 2 and 4 throughout the entire trading period.
This script is based on the work of Fibonacci levels, candle analysis, moving averages, as well as the concept of searching for reversal trend formations along the average lines of resistance and support.
You can trade using four strategies:
Strategy 1. Trade according to the signals.
Open a short / long position after fixing the down/Up signal candle. We place take profit and stop loss orders at the levels indicated by the indicator. You can also configure the TP and SL parameters yourself, depending on the individual risk management. Optimal settings are made for BTC and ETH. For other trading pairs, you can adjust the values yourself to get the best result. The reverse signal serves as a notification of a trend change.
Strategy 2. Trade by support and resistance levels.
After the signal appears, we place pending orders. The first order is placed on the Central border. The second order, depending on the trend direction (short/long position), is placed at the High Bound/Lower Bound levels. The reverse signal serves as a notification of a trend change.
Strategy 3. Trading combines Strategy 1 and Strategy 2.
Strategy 4. Trade in quick scalping mode.
It is possible to leave only the Trend line and Attention signals enabled for scalping.
In the script settings, you can specify:
1. Whether to display the value of the Attention signal.
2. Choose fast trading (recommended for ETH) or slow trading (recommended for BTC and low-volatility trading pairs).
Attention!!! You must have only two consent symbols either on fast signals and fast plot levels or on slow signs and slow plot levels.
3. Whether to display the levels of Take profit and Stop loss.
4. Whether to display the Trend line
This script is optimally configured for trading ETH and BTC, as well as suitable for any exchange and any assets.
As an example, screenshots of the trading session on the Moscow exchange in the form of Sberbank shares and FOREX.com as a eur / usd pair.
You can choose which trading mode to use for any selected trading pair and any exchange (fast or slow), depending on the style of the trading process.
For all questions regarding the indicator operation, as well as the provision of the KS Profit Trend trial period, you can contact @KalinkaSV in Telegram.
Стратегия для индикатора KS Profit Trend.
ВНИМАНИЕ!!!
Работа по индикатору KS Profit Trend ведётся только на таймфрейме 15 минут !
Не нужно пытаться торговать на других периодах.
Сделка может длиться от часа до четырёх дней. В среднем за месяц получается около 10-15 основных сигналов UP/DOWN.
Так же работать по стратегии 2 и 4 можно на протяжении всего торгового периода.
Данный скрипт основан на работе уровней Фибоначчи, скользящих средних, свечного анализа, а также концепции поиска разворотных трендовых формаций по уровням сопротивления и поддержки.
Вы можете торговать по четырём стратегиям:
Стратегия 1. Торговля по сигналам.
Открываем короткую/длинную позицию после закрепления сигнальной свечи Down/Up.
Размещаем ордера тейк-профита и стоп-лосса на указанных индикатором уровнях.
Так же вы можете самостоятельно настроить параметры TP и SL в зависимости от индивидуального риск-менеджмента.
Оптимально произведены настройки для BTC и ETH.
По остальным торговым парам можно самостоятельно корректировать значения для получения максимального результата.
Обратный сигнал служит оповещением о смене тренда.
Стратегия 2. Торговля по уровням поддержки и сопротивления.
После появления сигнала размещаем отложенные ордера. Первый ордер размещаем на Central border.
Второй ордер в зависимости от направления тренда (короткая/длинная позиция) размещаем на уровнях High Bound/Lower Bound.
Обратный сигнал служит оповещением о смене тренда.
Стратегия 3. Торговля совмещает в себе Стратегию 1 и Стратегию 2.
Стратегия 4. Торговля в режиме быстрого скальпинга.
Возможно для скальпинга оставить включенными для отображения только Трендовую линию и сигналы Attention.
В настройках скрипта вы можете указать:
1. Следует ли отображать значения сигнала Внимание.
2. Выбрать быструю торговлю (рекомендовано для ETH и высоковолатильных торговых пар) или медленную торговлю (рекомендовано для BTC и низковолатильных торговых пар).
Внимание! У вас должно быть только два символа согласия либо на fast signals и fast plot levels либо на slow signals и slow plot levels.
3. Отображать ли уровни Тейк-профита и Стоп-лосса.
4. Отображать ли Трендовую линию.
Данный скрипт оптимально настроен на торговлю ETH и BTC, а так же подходит для любой биржи и любых активов.
Как пример представлены скриншоты торговой сессии по Московской бирже в виде акций Сбербанка, и FOREX.com в виде пары eur/usd.
Вы сами выбирается какой режим торговли использовать для любой выбранной торговой пары и любой биржи (быстрый или медленный) в зависимости от стиля торгового процесса.
По всем вопросам касаемо работы индикатора, а так же предоставления пробного периода KS Profit Trend, можно обратиться в Телеграмм к @KalinkaSV
PT High Low Version 1.0 of our PT High Low indicator helps create a visual for the Daily, Weekly, Monthly & Yearly range. These levels will give you an idea of where the price can react if reached. Consider them pivotal areas. We included a toggle that will help you go between the candle's High/Low to the candle's Open/Close. Both features are unique when scalping & swinging. The High/Low will paint a beautiful visual for your day to day trading & the Open/Close will help you determine where price maxed opened & closed for that specified timeframe.
Strategy:
Price tends to gravitate between the Daily level when playing intraday scalps. If playing the weekly, you want to be above the weekly pivot to punt longs & under the weekly level to punt shorts. More likely than not, when the price hits a monthly or yearly level, we get a noticeable reaction off it.
This Oscillator was built around our buy sell indicator & it is used on all time frames for swinging & scalping. It is included as part of the library. Just message us for access!
PT TMA BandsVersion 1.0 of our TMA Bands is a visual of areas of interest. The purpose of this indicator is to determine where the price will likely bounce or reject. When an asset is ranging, it very well respects the neutral (middle) zone. The highest RR trade setups are when the price goes from one end of the bands to another.
The bands included are of an ATR multiplier based on multiple moving averages. Each moving average has a unique feature that offers a high probability reaction when price gravitates towards it. We have color-coordinated the bands into three zones. The Main zone being the middle area where the asset tends to play ping pong & range, Top zone, which offers the best RR for shorts & the bottom zone, which provides the best RR for longs.
Strategy:
When scalping or swinging, always look for shorts close to the red zone as possible with a stop loss above the red band. When longing, always look for longs close to the green zone area with a stop loss below the green band. Anything in orange is a neutral zone, which will confirm the asset is more than likely ranging. I don’t advise taking trades in that zone unless you have solid risk management. When playing the macros, H12+ always look for price to find support at the orange (middle) band before deciding on a shift in trend. If the asset breaks down from the orange (middle) band, you usually get a retest of that band before further downside. Also, something to consider, if you punt longs at the green zone, you want to target the orange (middle) band. If you punt shorts at the red zone, you want to target the orange (middle) band. I usually take 70% off at the middle band & let the rest run if ultimately end up in the opposite zone.
This Oscillator is best with the buy/sell signals we provide. It offers extra confluence with stop loss & targets. I enjoy using it on all time frames for swinging & scalping. It is included as part of the library. Just message us for access!
PT LiquidityVersion 1.0 of our Liquidity indicator helps determine areas where price might gravitate to fill liquidations. We have six levels of interest, broken down into three levels for shorts (highlighted in red) & three levels for longs (highlighted in green). Each level is labeled 25x, 50x, 100x. We added a cloud for a visual to assist in short/long liquidation zones. You want to be taking short setups at the top of the cloud when shorts get squeezed & taking long setups at the bottom of the cloud when longs get squeezed. The indicator has a proprietary formula that allows the levels to change based on volume and time frames. The levels are generated in real-time with a rolling VWMA.
Strategy:
If you are scalping, price tends to ping pong between the 50x & 100x longs (green) to 50x & 100x shorts (red). If we shift outside that zone, consider the trend to have changed. Look at a higher time frame (12h+) for trend direction. Price usually reverses when the daily takes all three liquidation levels. You want to see a strong reaction (wick) once we tap that last liquidation level.
This Oscillator was built around our buy sell indicator & it is used on all time frames for swinging & scalping. It is included as part of the library. Just message us for access!
Camelback-IndikatorDer Camelback-Indikator stammt von Joe Ross. Er beinhaltet zwei einfache gleitende Durchschnitte mit 40 Perioden und einen exponentiellen gleitenden Durchschnitt mit 15 Perioden.
Sobald wir mit Preisbalken arbeiten, die vollständig unterhalb des MA40-Kanals liegen, versuchen wir einen Ausbruch durch das Tief des Balkens zu verkaufen, der das lokale Hoch macht. Mit dem lokalen Hoch ist das Hoch einer geringfügigen Korrektur außerhalb des MA40-Kanals gemeint.
Sobald wir mit Preisbalken arbeiten, die vollständig oberhalb des MA40-Kanals liegen, versuchen wir einen Ausbruch durch das Hoch des Balkens zu kaufen, der das lokale Tief macht. Mit dem lokalen Tief ist das Tief einer geringfügigen Korrektur außerhalb des Kanals gemeint.
Was wir hier tun, kann als Scalping bezeichnet werden. Das Skalieren des längerfristigen Charts mit kurzfristigen Handelstechniken ist eine großartige Möglichkeit, um die Art von Aktion zu handeln, die wir in diesen Charts sehen.
Der Camelback-Indikator kann auch zum scannen von Aktiemärkten benutzt werden.
Der Indikator beinhaltet neben der Camelback-Funktion außerdem noch einen einfachen gleitentenden Durchschnitt mit 200 Perioden, zwei einfache gleitentende Durchschnitte (im script short-term genannt) mit einstellbarer Periodendauer, einer davon angewendet auf Hochs, bei dem anderen kann die Anwendung der Quelle eingestellt werden. Bei beiden ist ein Offset einstellbar.
The Camelback indicator is from Joe Ross. It includes two simple moving averages with 40 periods and an exponential moving average with 15 periods.
Once we are working with price bars that are completely below the MA40 channel, we try to sell a breakout through the low of the bar which makes the local high. By the local high is meant the high of a minor correction outside of the MA40 channel.
Once we are working with price bars that are completely above the MA40 channel, we try to buy a breakout through the high of the bar which makes the local low. By the local low we mean the low of a minor correction outside the channel.
What we are doing here can be called scalping. Scaling the longer term chart with short term trading techniques is a great way to trade for the kind of action we see on these charts.
The Camelback indicator can also be used to scan stock markets.
In addition to the Camelback function, the indicator also includes a simple moving average with 200 periods, two simple moving averages (called short-term in the script) with adjustable period duration, one of which is applied to highs, the other can be used to set the source . An offset can be set for both.
Quantum Trend MonitorCurrency pairs never go up or down in a straight line. They rise and fall constantly, creating pullbacks and reversals. And with each rise and fall, so your emotions rise and fall. Hope, then fear, then hope again. This is when the market will try to frighten you out of a strong position. It is when you are most vulnerable.
But not if you have the Quantum Trend Monitor. And here, you get two indicators for the price of one!
The Quantum Trend Monitor has been designed to absorb these temporary pauses and pullbacks. It analyses the price action, and only changes to a transitional color of dark red or dark blue, if the trend is showing a temporary sign of weakness. If it is a true change in trend direction, the indicator will change to a bright color, as the new trend develops.
In other words, the Quantum Trend Monitor, does just that. It monitors the strength of the trend. This is displayed as a solid horizontal bar at the bottom of the screen. The trend monitor works in conjunction with the Quantum Trends indicator, helping to keep you in – guess what – the trend. One of the hardest things to do in trading. But, with the Quantum Trend Monitor, it’s a breeze. We call it, ‘the profit generator’, as that’s exactly what it is. It will help you hold any position for longer periods, maximising your profits. No more closing out early and suffering from trader regret. No more emotional trading decision. Just watch your Quantum Trend Monitor, which….. monitors it for you.
The Quantum Trend Monitor displays four colours at the bottom of the screen as a solid bar:
Bright blue – strongly bullish trend
Bright red – strongly bearish trend
Dark blue – weakness in trend
Dark red – weakness in trend
First, the Quantum Trends indicator alerts you to a possible new trend. If the trend is strong, the Quantum Trend Monitor will change to either bright blue or bright red, supporting the Trends indicator as the trend develops.
Used in conjunction with a multiple time frame approach, it is the indicator which will really make ‘the trend your friend’. Now you will be able to monitor the trends in multiple timeframes in real time, reducing risk, improving returns, and increasing your overall profitability.
The Quantum Trends create the signal, its sister indicator the Quantum Trend Monitor then kicks in. Together, these two indicators provide you with the perfect tools to manage your position. No more fear, no more doubt, no more uncertainty. Watch your trading account grow, as you allow your profits to run – with confidence!
And guess what – it doesn’t end there.
Remember we said you get two indicators for the price of one here! Well, to help you further, the Quantum Trend Monitor comes with its own unique trend line, which gives you a further ‘heads up’ on the trend. For clarity and simplicity, this indicator overlays the Quantum Trend Monitor and appears as a yellow line. The line chart shows the momentum of the trend and works as follows:
If the yellow trend line is above the zero line, there is a bullish trend in place
If the yellow trend line is below the zero line, there is a bearish trend in place
When the yellow trend line crosses the zero line, the trend has reversed
The further the yellow trend line gets from the zero line, the greater the strength and momentum of the trend
As the old saying goes – two heads are better than one. Here we could say – two indicators are better than one. Now with the Quantum Trend Monitor and the yellow trend line, you have a complete picture of the trend. Staying in and maximising your profits has never been easier.
And finally.. this is the next generation of TradingView indicators and virtually all our indicators can be configured to suit your own trading style. Why? Well, you buy everything else to suit you and your personality – from clothes to cars – so why not trading indicators? After all, as a scalping forex trader you will have different requirements to a swing or trend trader. You wouldn’t buy clothes that don’t fit, so why put up with indicators that cannot be configured. Simple.
One size fits all does not apply – in our view!
So, just like our other indicators, the Quantum Trend Monitor can be ‘tweaked’ to suit your trading style – the benefits are self-evident. Your trading consistency and profits will improve. After all, you are now using tools matched to the job. Precision trading requires precision tools and fine tuning. Don’t make do with second best.
With the Quantum Trend Monitor, you are in control. Just like the volume control on your radio, you adjust the sensitivity of the indicator to suit your trading style. Turning up the sensitivity a little alerts you earlier to periods of congestion – important if you are purely scalping. Turn it down a little, and this will smooth out these phases and keep you in those longer term trends for maximum profits.
The two indicators work in all timeframes.
Getting in is easy – staying in is hard. With the Quantum Trend Monitor and the associated trend line, staying in becomes easy too!
Quantum Momentum FusionPurpose of the Indicator
"Quantum Momentum Fusion" aims to combine the strengths of RSI (Relative Strength Index) and Williams %R to create a hybrid momentum indicator tailored for volatile markets like crypto:
RSI: Measures the strength of price changes, great for understanding trend stability but can sometimes lag.
Williams %R: Assesses the position of the price relative to the highest and lowest levels over a period, offering faster responses but sensitive to noise.
Combination: By blending these two indicators with a weighted average (default 50%-50%), we achieve both speed and reliability.
Additionally, we use the indicator’s own SMA (Simple Moving Average) crossovers to filter out noise and generate more meaningful signals. The goal is to craft a simple yet effective tool, especially for short-term trading like scalping.
How Signals Are Generated
The indicator produces signals as follows:
Calculations:
RSI: Standard 14-period RSI based on closing prices.
Williams %R: Calculated over 14 periods using the highest high and lowest low, then normalized to a 0-100 scale.
Quantum Fusion: A weighted average of RSI and Williams %R (e.g., 50% RSI + 50% Williams %R).
Fusion SMA: 5-period Simple Moving Average of Quantum Fusion.
Signal Conditions:
Overbought Signal (Red Background):
Quantum Fusion crosses below Fusion SMA (indicating weakening momentum).
And Quantum Fusion is above 70 (in the overbought zone).
This is a sell signal.
Oversold Signal (Green Background):
Quantum Fusion crosses above Fusion SMA (indicating strengthening momentum).
And Quantum Fusion is below 30 (in the oversold zone).
This is a buy signal.
Filtering:
The background only changes color during crossovers, reducing “fake” signals.
The 70 and 30 thresholds ensure signals trigger only in extreme conditions.
On the chart:
Purple line: Quantum Fusion.
Yellow line: Fusion SMA.
Red background: Sell signal (overbought confirmation).
Green background: Buy signal (oversold confirmation).
Overall Assessment
This indicator can be a fast-reacting tool for scalping. However:
Volatility Warning: Sudden crypto pumps/dumps can disrupt signals.
Confirmation: Pair it with price action (candlestick patterns) or another indicator (e.g., volume) for validation.
Timeframe: Works best on 1-5 minute charts.
Suggested Settings for Long Timeframes
Here’s a practical configuration for, say, a 4-hour chart:
RSI Period: 20
Williams %R Period: 20
RSI Weight: 60%
Williams %R Weight: 40% (automatically calculated as 100 - RSI Weight)
SMA Period: 15
Overbought Level: 75
Oversold Level: 25
Bogdan Ciocoiu - Sniper EntryWhat is Sniper Entry
Sniper Entry is a set indicator that encapsulates a collection of pre-configured scripts using specific variables that enable users to extract signals by interpreting market behaviour quickly, suitable for 1-3min scalping. This instrument is a tool that acts as a confluence for traders to make decisions concerning current market conditions. This indicator does not apply solely to an asset.
What Sniper Entry is not
Sniper Entry is not interpreting fundamental analysis and will also not be providing out of box market signals. Instead, it will provide a collection of integrated and significantly improved open-source subscripts designed to help traders speculate on market trends. Traders must apply their strategies and configure Sniper Entry accordingly to maximise the script's output.
Originality and usefulness
The collection of subscripts encapsulated in this tool makes it unique in the Trading View ecosystem. This indicator enables traders to consider entry positions or exit positions by comparing similar algorithms at once.
Its usefulness also emerges from the unique configurations embedded in the indicator's settings, which are different from those of the original scripts.
This indicator's originality is also reflected in how its modules are integrated, including the integration of the settings.
Open-source reuse
I used the following open-source resources, which I simplified significantly and pre-configured for short term scalping. The source codes for the below are already in the public domain, including the following links listed below.
www.tradingview.com (open source)
(open source and generic algorithm)
www.tradingview.com (open source)
(open source)
(open source)
www.tradingview.com (generic MA algorithm and open source)
(generic VWAP algorithm and open source)
sniperbitrader4.0Saludos traders!
El sniperbitrader te proporciona información precisa para que realices tu estrategia en Bitmex, una vez ubiques las liquidaciones 100X ,50X, 25X podrás poner tus ordenes y obtener beneficios en scalping.
Notese la linea blanca (base) donde obtenemos la informacion del precio donde mas comercio se ha realizado.
recomiendo usarlo en la temporalidad de 5 min, coloca tu orden Long o Short en los valores de liquidación y usa ordenes stop limit medio dolar por encima de la orden si es Short, o medio dolar por debajo si es Long, para que se ejecute la compra o venta de forma automática , según sea el caso.
Como siempre su servidor bitrader4.0 , formando traders de exito , un abrazo!
Greetings traders!
The sniperbitrader provides you with precise information so that you can carry out your strategy in Bitmex, once you locate the 100X, 50X, 25X settlements you can place your orders and obtain benefits in scalping.
Note the white line (base) where we obtain the price information where more trade has been done.
I recommend using it in the 5-minute period, place your Long or Short order in the settlement values and use stop limit orders half dollar over the order if it is Short, or half dollar below if it is Long, so that the purchase or sale automatically, as the case may be.
As always your server bitrader4.0, forming successful traders, a hug!
Super IndicatorOverview of the Combined Indicator
This combined indicator leverages three major technical analysis tools:
Bollinger Bands
Linear Regression Channels
Scalping Strategy Indicators (RSI, MACD, SMA)
Each of these tools provides unique insights into market conditions, and their integration offers a comprehensive view of price movements, trends, and potential trading signals.
1. Bollinger Bands
Purpose:
Bollinger Bands are used to measure market volatility and identify overbought or oversold conditions.
Components:
Basis (Middle Band): Typically a 20-period Simple Moving Average (SMA).
Upper Band: Basis + (2 * Standard Deviation).
Lower Band: Basis - (2 * Standard Deviation).
Why They Complement:
Bollinger Bands expand and contract based on market volatility. When the bands are narrow, it indicates low volatility and potential for a significant move. Wide bands indicate high volatility. This helps traders gauge the strength of market moves and potential reversals.
2. Linear Regression Channels
Purpose:
Linear Regression Channels identify the overall trend direction and measure deviation from the mean price over a specific period.
Components:
Middle Line (Linear Regression Line): The line of best fit through the price data over a specified period.
Upper and Lower Lines: Channels created by adding/subtracting a multiple of the standard deviation or another deviation measure from the regression line.
Why They Complement:
Linear Regression Channels provide a clear visual representation of the trend direction and the range within which prices typically fluctuate. This can help traders identify trend continuations and reversals, making it easier to spot entry and exit points.
3. Scalping Strategy Indicators
Purpose:
The RSI, MACD, and SMA are used to generate short-term buy and sell signals, which are essential for scalping strategies aimed at capturing quick profits from small price movements.
Components:
RSI (Relative Strength Index): Measures the speed and change of price movements, typically over 14 periods. It helps identify overbought and oversold conditions.
MACD (Moving Average Convergence Divergence): Consists of the MACD line, Signal line, and histogram. It helps identify changes in the strength, direction, momentum, and duration of a trend.
SMA (Simple Moving Average): The average price over a specified period, used to smooth out price data and identify trends.
Why They Complement:
These indicators provide short-term signals that can confirm or refute the signals given by Bollinger Bands and Linear Regression Channels. For example, a buy signal might be more reliable if the price is near the lower Bollinger Band and the MACD crosses above its signal line.
How They Work Together
Scenario 1: Confirming Trend Continuations
Bollinger Bands: Price staying near the upper band suggests a strong uptrend.
Linear Regression Channels: Price staying above the middle line confirms the uptrend.
5-Minute Scalping Strategy: RSI not in overbought territory, and MACD showing bullish momentum confirms continuation.
Scenario 2: Identifying Reversals
Bollinger Bands: Price touching or moving outside the lower band suggests oversold conditions.
Linear Regression Channels: Price at the lower channel line indicates potential support.
5-Minute Scalping Strategy: RSI in oversold territory, and MACD showing a bullish crossover indicates a reversal.
Scenario 3: Volatility Breakouts
Bollinger Bands: Bands contracting indicates low volatility and potential breakout.
Linear Regression Channels: Price moving away from the middle line signals potential breakout direction.
Scalping Strategy: MACD and RSI confirming the breakout direction for entry.
Input Parameters:
Define settings for Bollinger Bands, Linear Regression Channels, and the scalping strategy.
Allow users to customize lengths, multipliers, and colors.
Bollinger Bands Calculation:
Calculate the basis (SMA) and standard deviation.
Derive the upper and lower bands from the basis and standard deviation.
Linear Regression Channel Calculation:
Compute the slope, average, and intercept of the linear regression line.
Calculate deviations to plot upper and lower channel lines.
5-Minute Scalping Strategy:
Calculate RSI, MACD, and SMA for short-term trend analysis.
Define buy and sell conditions based on these indicators.
Plotting and Alerts:
Plot Bollinger Bands and Linear Regression Channels on the chart.
Plot buy and sell signals with shapes.
Set alerts for key conditions like exiting the regression channel bounds and trend switches.
Conclusion
By combining Bollinger Bands, Linear Regression Channels, and a 5-minute scalping strategy, this indicator offers a robust tool for traders. Bollinger Bands provide volatility insights, Linear Regression Channels highlight trend direction and potential reversals, and the scalping strategy offers precise entry and exit points. Together, these tools can enhance a trader's ability to make informed decisions in various market conditions.
[Pandora's Chambers] Liquidity Grab Magnet Tool VDV_V6Pandora’s Chambers – Liquidity Grab Magnet Tool VDV_V6
The “Pandora’s Chambers – Liquidity Grab Magnet Tool VDV_V6” indicator is built as a mathematical function library in Pine Script® that identifies “magnet” points (local maxima) of price action density, based on a combination of frequency analysis (wick density) and Fibonacci values. The algorithm considers the distribution of wick touches within a lookback range, builds volume profiles at different price levels, and then marks the strongest dynamic support and resistance levels. This structure has been empirically proven to be particularly effective for rapid scalping, as these “magnet points” are characterized by strong market forces influencing sharp price movements.
Background and Methodology
Price Range Division into Bins: The range between the minimum and maximum price over the last N candles is divided into k equal bins.
Wick Touch Counting: For each bin, the number of times the bin center falls within the wick body of a candle is calculated.
Bullish and Bearish Candles:
For bullish candles (close > open), touches between the low and the open are counted.
For bearish candles (close < open), touches between the open and the high are counted.
Density Function: For each bin j, a density function ρ(j) = number of touches in j is obtained.
Strongest Levels: The strongest support level below the current price is arg max_{binCenter < close} ρ(j), and the resistance – above the price.
Integrated Volume Profile: For each bin, the trading volume of the candles where the bin center is included in the wick body is accumulated, adding a volume dimension to the selection of magnet points.
The Secret Algorithm
The algorithm utilizes several key constructs:
Dynamic Trailing with Sensitivity Threshold (trailTolerance): To avoid market noise, the line is redrawn only when the new point differs by Δ ≥ trailTolerance from the previous level.
Fibonacci Value Integration: After identifying support (sell-side) and resistance (buy-side) levels, Fibonacci lines are calculated at n ratios (0.0, 0.236, 0.382, 0.5, 0.618, 0.786, 1.0), with the option to extend them to additional "snap" values (1.618, 2.618). Each line also displays the corresponding trading volume in its paired bin, providing an indication of market depth at the Fibonacci point.
Visualization and Functionality:
Clear and Dynamic Colored Lines: Support is colored purple, resistance is colored cyan.
Transparent Labels: Displaying the actual volume value for each level.
“Magnet Point” Markers (red dots): Appearing upon the breakout of a line – enabling the identification of rapid scalping opportunities. Crossing of a line indicates the price "drinking liquidity." A red dot appears when the price reaches equilibrium.
Continued Liquidity: If the line moves away from the price, liquidity is expected to continue.
Key Parameters
Parameter Description
Lookback Bars Number of candles for historical analysis; size of the discrete dimension for density distribution.
Bin Count Number of bins for dividing the price range; determines the analysis resolution.
Tolerance Minimum threshold for a level change before a new line is created (to reduce noise).
Fibonacci Offsets Number of candles to the right to display Fibonacci lines with volume labels.
Show Liquidity Snap Toggle to display extended "snap" values outside the main range.
Line Width & Color Adjustable thickness, style, and color of support and resistance lines.
Label Size/Offset Adjustment of label text size and position – to prevent overlaps on the chart.
Export to Sheets
How to Use for Scalping
Identify the Magnet Point: Follow the red dot (•) the moment the price crosses a liquidity level downwards/upwards.
Parameter Adjustment: To increase sensitivity for scalping – reduce the Lookback or increase the Bin Count.
Market Depth Confirmation: Use the volume labels alongside the Fibonacci lines to confirm that the point is indeed accompanied by significant volume movement.
Mathematical Conclusion
The indicator combines statistical principles of density and historical memory with Fibonacci geometry, in a configuration that allows for the identification of reliable “magnet points.” For quantitative traders, this is a formal tool for drawing conclusions about market forces in the language of density functions and volume profiles, providing an ideal environment for rapid and precise scalps.
צור מחדש אבל תחליף את המילים סופורט וריסיסטנס לליקווידיטי
בטח, הנה הגרסה המחודשת של התיאור עם החלפת המילים "סופורט" ו"ריסיסטנס" ב"ליקווידיטי":
חדרי פנדורה – כלי מגנט ללכידת נזילות VDV_V6
האינדיקטור “חדרי פנדורה – כלי מגנט ללכידת נזילות VDV_V6” נבנה כספריית פונקציות מתמטית ב‑Pine Script® המזהה נקודות “מגנט” (מקסימום מקומי) של צפיפות תנועת המחיר, על בסיס שילוב של ניתוח תדרים (צפיפות וויקים) וערכי פיבונאצ’י. האלגוריתם מתייחס להתפלגות נגיעות הוויקים בתוך טווח הסתכלות (lookback), בונה פרופילי נפח במחיריים שונים, ולאחר מכן מסמן את רמות הנזילות הדינמיות החזקות ביותר. המבנה הוכח אמפירית כיעיל במיוחד לסקאלפינג מהיר, שכן “נקודות המגנט” מתאפיינות בכוחות שוק חזקים המשפיעים על תנועה חדה של המחיר.
רקע ומתודולוגיה
חלוקת טווח המחיר לבינים (bins): הטווח בין המחיר המינימלי למקסימלי ב־N הנרות האחרונים מחולק ל־k תאים שווים.
בכל תא מחשבים את מספר הפעמים שבהן מרכז התא נכנס לתוך גוף הוויק (wick) של הנר.
נרות בולשים ודובשים:
בנרות בולשים (close > open) נספרים מגעים בין ה־low ל־open.
בנרות דובשים (close < open) נספרים מגעים בין ה־open ל־high.
פונקציית צפיפות (Density Function): עבור כל תא j מתקבלת פונקציית צפיפות ρ(j) = מספר המגעים ב־j.
הרמה החזקה ביותר מתחת למחיר הנוכחי היא arg max_{binCenter < close} ρ(j), ולהתנגדות – מעל המחיר.
פרופיל נפח משולב (Volume Profile): לכל תא מצטבר נפח המסחר של הנרות שבהם מרכז התא נכלל בגוף הוויק, מה שמוסיף ממד נפחי לבחירת נקודות המגנט.
האלגוריתם הסודי
האלגוריתם עושה שימוש בכמה קונסטרוקטים עיקריים:
טריילינג דינמי עם סף רגישות (trailTolerance): כדי למנוע רעשי שוק, הקו ניזון מחדש רק כאשר הנקודה החדשה שונה ב־Δ ≥ trailTolerance מהרמה הקודמת.
שילוב ערכי פיבונאצ’י: לאחר זיהוי רמות נזילות (sell-side) ורמות נזילות (buy-side), מחושבים קווי פיבונאצ’י ב־n יחסיות (0.0, 0.236, 0.382, 0.5, 0.618, 0.786, 1.0), ואפשרות להרחבתם לערכי סנאפ נוספים (1.618, 2.618). כל קו מציג גם את נפח המסחר המתאים בתא התאום שלו, מה שנותן אינדיקציה לקריאות עומק השוק בנקודת פי
You stopped this response
Giv'atayim, Israel
צור מחדש אבל תחליף את המילים סופורט וריסיסטנס לליקווידיטי
באנגלית
Okay, here's the revised English description with "support" and "resistance" replaced by "liquidity":
Pandora’s Chambers – Liquidity Grab Magnet Tool VDV_V6
The “Pandora’s Chambers – Liquidity Grab Magnet Tool VDV_V6” indicator is built as a mathematical function library in Pine Script® that identifies “magnet” points (local maxima) of price action density, based on a combination of frequency analysis (wick density) and Fibonacci values. The algorithm considers the distribution of wick touches within a lookback range, builds volume profiles at different price levels, and then marks the strongest dynamic liquidity levels. This structure has been empirically proven to be particularly effective for rapid scalping, as these “magnet points” are characterized by strong market forces influencing sharp price movements.
Background and Methodology
Price Range Division into Bins: The range between the minimum and maximum price over the last N candles is divided into k equal bins.
Wick Touch Counting: For each bin, the number of times the bin center falls within the wick body of a candle is calculated.
Bullish and Bearish Candles:
For bullish candles (close > open), touches between the low and the open are counted.
For bearish candles (close < open), touches between the open and the high are counted.
Density Function: For each bin j, a density function ρ(j) = number of touches in j is obtained.
Strongest Levels: The strongest sell-side liquidity level below the current price is arg max_{binCenter < close} ρ(j), and the buy-side liquidity – above the price.
Integrated Volume Profile: For each bin, the trading volume of the candles where the bin center is included in the wick body is accumulated, adding a volume dimension to the selection of magnet points.
The Secret Algorithm
The algorithm utilizes several key constructs:
Dynamic Trailing with Sensitivity Threshold (trailTolerance): To avoid market noise, the line is redrawn only when the new point differs by Δ ≥ trailTolerance from the previous level.
Fibonacci Value Integration: After identifying sell-side liquidity and buy-side liquidity levels, Fibonacci lines are calculated at n ratios (0.0, 0.236, 0.382, 0.5, 0.618, 0.786, 1.0), with the option to extend them to additional "snap" values (1.618, 2.618). Each line also displays the corresponding trading volume in its paired bin, providing an indication of market depth at the Fibonacci point.
Visualization and Functionality:
Clear and Dynamic Colored Lines: Sell-side liquidity is colored purple, buy-side liquidity is colored cyan. Crossing of a line indicates the price "drinking liquidity."
Transparent Labels: Displaying the actual volume value for each level.
“Magnet Point” Markers (red dots): Appearing upon the breakout of a line – enabling the identification of rapid scalping opportunities. A red dot appears when the price reaches equilibrium. If the line moves away from the price, liquidity is expected to continue.
Key Parameters
Parameter Description
Lookback Bars Number of candles for historical analysis; size of the discrete dimension for density distribution.
Bin Count Number of bins for dividing the price range; determines the analysis resolution.
Tolerance Minimum threshold for a level change before a new line is created (to reduce noise).
Fibonacci Offsets Number of candles to the right to display Fibonacci lines with volume labels.
Show Liquidity Snap Toggle to display extended "snap" values outside the main range.
Line Width & Color Adjustable thickness, style, and color of liquidity lines.
Label Size/Offset Adjustment of label text size and position – to prevent overlaps on the chart.
Export to Sheets
How to Use for Scalping
Identify the Magnet Point: Follow the red dot (•) the moment the price crosses a liquidity level downwards/upwards.
Parameter Adjustment: To increase sensitivity for scalping – reduce the Lookback or increase the Bin Count.
Market Depth Confirmation: Use the volume labels alongside the Fibonacci lines to confirm that the point is indeed accompanied by significant volume movement.
Mathematical Conclusion
The indicator combines statistical principles of density and historical memory with Fibonacci geometry, in a configuration that allows for the identification of reliable “magnet points.” For quantitative traders, this is a formal tool for drawing conclusions about market forces in the language of density functions and volume profiles, providing an ideal environment for rapid and precise scalps.
Donchian Channel Trend Tracker by KellyLikesCrypto### Overview
This indicator is written in Pine Script® (version 6) and is designed to overlay on a price chart. It combines the classic Donchian Channel—a tool popular among trend-following traders—with additional trend-tracking features. By identifying when the channel’s highs and lows are making new extreme values, the indicator helps signal potential trend shifts. It is especially suited for scalpers using 1-hour charts, as it provides clear, actionable signals for rapid entry and exit decisions.
---
### Key Components & Inputs
1. **User Inputs:**
- **Length:** The period over which the indicator calculates the highest high and the lowest low (default is 27 bars). This value can be adjusted to smooth or tighten the channel based on the trader’s preference.
- **Offset:** A parameter allowing the plotted lines to be shifted left or right on the chart, providing flexibility in aligning the indicator with price action.
2. **Donchian Channel Calculations:**
- **Lower Bound (`lower`):** Calculated using `ta.lowest(length)`, it identifies the lowest low over the defined period.
- **Upper Bound (`upper`):** Determined by `ta.highest(length)`, capturing the highest high during the same period.
- **Basis:** The midline of the channel, computed as the average of the upper and lower bounds. This line can serve as an equilibrium or reference point in the trend analysis.
---
### Visual Representation
- **Plotting the Channels:**
- The **basis** is plotted in a standout orange color (#FF6D00) to make the central trend reference easily visible.
- The **upper** and **lower** bounds are plotted in blue (#2962FF), creating clear boundaries for the price action.
- The area between these two lines is filled with a semi-transparent blue, enhancing the visual context of the channel and helping traders quickly assess whether price is near an extreme or within a normal range.
---
### Trend Identification Logic
Beyond plotting the basic Donchian Channel, the indicator introduces additional logic to track short-term trend changes:
1. **Higher Highs and Higher Lows:**
- **Higher High (`higherHigh`):** This condition checks if the current upper bound is greater than the previous bar’s upper bound, signaling a potential upward push.
- **Higher Low (`higherLow`):** Similarly, it checks if the current lower bound exceeds the previous bar’s lower bound, reinforcing an upward trend if the support level is rising.
2. **Lower Highs and Lower Lows:**
- **Lower High (`lowerHigh`):** This evaluates if the current upper bound is less than that of the previous bar, indicating a possible downward shift.
- **Lower Low (`lowerLow`):** It verifies if the current lower bound is lower than the previous bar’s, further confirming a bearish tendency.
The use of the `nz()` function ensures that on the very first bar—where no previous data exists—the code handles the values gracefully without causing errors.
---
### Visual Markers for Trend Signals
To make trend signals immediately apparent:
- **Markers are Plotted on the Chart:**
- **Green Labels ("HH" and "HL"):** These are placed on the chart when the indicator detects higher highs or higher lows, suggesting bullish momentum.
- **Red Labels ("LH" and "LL"):** These markers are shown when lower highs or lower lows are detected, indicating bearish pressure.
Each label is plotted either above or below the corresponding bar, ensuring that the chart remains uncluttered and that the trend signals are clear.
---
### Scalping Strategy on 1-Hour Charts
This indicator is specifically tailored for scalping strategies on 1-hour charts. Scalping involves capturing small, rapid profits from short-term price movements, and the clear trend signals provided by this tool can help traders pinpoint optimal entry and exit points. Here’s how it integrates into a scalping strategy:
- **Quick Trend Identification:** The green markers (HH and HL) suggest bullish conditions ideal for quick long entries, while the red markers (LH and LL) signal bearish conditions suitable for short entries.
- **Timing and Precision:** On a 1-hour chart, the indicator’s sensitivity to higher highs and lower lows allows traders to make rapid decisions aligned with the prevailing trend.
- **Complementary Analysis:** While the indicator provides fast signals, it is recommended to use it alongside additional tools (like oscillators or volume analysis) and strict risk management practices, ensuring that scalpers can confirm entries and exits efficiently.
By leveraging the indicator’s visual cues within a broader scalping framework, traders can enhance their ability to capture quick moves, thus optimizing their overall strategy on 1-hour timeframes.
---
### Conclusion
The “Donchian Channel Trend Tracker by KellyLikesCrypto” is a powerful tool for visualizing price extremes and trend direction. By combining the classical Donchian Channel with additional trend-tracking markers, it offers traders a clear and immediate way to assess whether the market is gaining bullish momentum or beginning to turn bearish. Its customizable parameters and clear visual signals make it particularly effective for a scalping strategy on 1-hour charts, where rapid decision-making is crucial.
This detailed breakdown should provide a comprehensive understanding of how each component of the indicator works together and how it can be effectively integrated into a short-term scalping strategy.
BB_MDL_V1Simple indicator that is based on the average line of the bollinger bands and the exponential average of 200 periods.
The customizable variable is bollinger bands length, currently the default is 35, you can tweak it to your liking and see how trend identification changes.
My recommendation is to work in 5-minute time frames in values such as SOL, FTM or MASK (cryptos)
This simple strategy can be combined with many others to gain more insight and get better market entries and exits.
[Aill3urs V.0.5] Study AlbertIt's the Study of the this Aill3urs-V-0-4-Strategy-Albert-EMA-Level-S-R-William you can find below.
For any info DM me.
Indicator BMS V5 [Traderhood]Introducing BMS (Base Market Strategy)
Overview
Base Market Strategy (BMS) is a trend-following and oscillator indicator designed to detect market trends with high accuracy while providing clear entry signals. BMS utilizes four Exponential Moving Averages (EMA) to filter trends across multiple timeframes and Bollinger Bands (BB) to identify overbought and oversold zones. This approach makes BMS highly suitable for scalping strategies in lower timeframes with a high win rate potential.
Key Features
📈 Multi-EMA Trend Filtering
Uses 4 EMAs to confirm the dominant trend.
Separates trend detection between lower timeframes and H1 for additional validation.
🎯 Dynamic Overbought & Oversold Detection
Sell signal occurs when the price touches the Bollinger Bands Upper.
Buy signal occurs when the price touches the Bollinger Bands Lower.
🔥 High Win Rate Scalping Strategy
Designed to capture quick price movements in trending markets.
Ideal for traders looking for fast executions with controlled risk.
🎨 Customizable Visual Enhancements
Users can adjust indicator colors to match their personal preferences.
How It Works
1️⃣ EMA-Based Trend Identification
The indicator applies 4 EMAs to determine short-term and medium-term trends.
If the price is above all EMAs → Bullish trend.
If the price is below all EMAs → Bearish trend.
2️⃣ Bollinger Bands Signal Generation
Sell Entry: When the price touches Bollinger Bands Upper, indicating an overbought area.
Buy Entry: When the price touches Bollinger Bands Lower, indicating an oversold area.
3️⃣ Scalping Execution
Entries are executed only on lower timeframes with trend confirmation from H1 EMA.
Profit targets are adjusted based on volatility, while stop loss is placed outside the Bollinger Bands.
4️⃣ Visual Customization
Indicator colors can be modified for better visibility.
Practical Applications
✅ Scalping Strategy – Uses Bollinger Bands and EMA filtering for fast trades.
✅ Trend Confirmation – Multi-timeframe EMA validation ensures precise entries.
✅ Dynamic Support & Resistance – Bollinger Bands help identify potential reversals.
✅ Noise Reduction – EMA filtering removes minor price fluctuations for clearer signals.
🛠 Settings
EMA Periods: 4 EMAs for trend filtering.
Bollinger Bands Length: 20 (default), adjustable.
Bollinger Bands Deviation: 2 (default).
Color Customization: Users can personalize indicator colors as needed.
📌 Conclusion
Base Market Strategy (BMS) is a high win-rate scalping indicator, combining trend-following EMA filtering with momentum reversal detection from Bollinger Bands. With a dynamic and adaptive approach, this indicator provides precise entry signals while reducing noise from insignificant price movements.
Key Takeaways:
✔ High Accuracy – A combination of EMA and Bollinger Bands provides clear signals.
✔ Scalping Optimization – Works best on lower timeframes with H1 validation.
✔ Visual Customization – Users can adjust the indicator colors to their preference.
✔ Simple Yet Powerful – Easy to use but highly effective in capturing market opportunities.
🔹 Disclaimer: Trading carries high risks. Always backtest and optimize settings to align with your risk tolerance before live trading.
Luxmi AI Ultimate 1 Min Option ScalperThe Luxmi AI Ultimate 1 Min Option Scalper is a specialized trading indicator designed for use in options trading. This tool is particularly focused on providing actionable signals to option buyers within a one-minute timeframe, making it highly suitable for scalping—a trading strategy aimed at profiting from small price changes. Below is an elaboration on how this indicator functions and its significance in trading decisions:
### Key Features of Luxmi AI Ultimate 1 Min Option Scalper
1. **Enter and Don't Signals:**
- **Enter Signals:** These signals indicate the optimal moments to enter a trade, suggesting when to buy an option. They are typically based on sophisticated algorithms that analyze price movements, volume, volatility, and other relevant market data.
- **Don't Signals:** These signals advise traders to refrain from entering a trade. This could be due to market conditions that are not conducive to profitable trading, such as high volatility, low liquidity, or unclear directional trends.
2. **Directional Trading Strategy:**
- The Luxmi AI Ultimate 1 Min Option Scalper focuses on directional trading, which involves making trades based on the expected direction of the market. For option buyers, this means taking positions that profit from upward (call options) or downward (put options) movements in the price of the underlying asset.
3. **Scalping Approach:**
- Scalping is a short-term trading strategy that involves making numerous trades over the course of a trading session, aiming to capitalize on small price changes. The one-minute timeframe is particularly suited for scalping, as it allows traders to quickly enter and exit positions to capture minimal but frequent profits.
### Functionality and Benefits
1. **Real-Time Analysis:**
- The indicator provides real-time analysis and signals, ensuring that traders receive timely information to make quick trading decisions. This is crucial in the fast-paced environment of scalping, where delays can significantly impact profitability.
2. **Automated Decision-Making Support:**
- By automating the signal generation process, the Luxmi AI Ultimate 1 Min Option Scalper helps reduce the cognitive load on traders. This automation can lead to more consistent trading performance, as it mitigates the impact of emotional and psychological factors that often influence human decision-making.
3. **Market Adaptability:**
- The indicator is designed to adapt to changing market conditions, adjusting its signals based on the latest data. This adaptability enhances its effectiveness in various market environments, whether trending, ranging, or highly volatile.
4. **Risk Management:**
- Incorporating "Don't" signals as part of the strategy helps traders avoid entering trades in unfavorable conditions, thereby managing risk more effectively. This feature is particularly valuable in preventing losses and preserving capital.
5. **Educational Value:**
- For less experienced traders, using the Luxmi AI Ultimate 1 Min Option Scalper can provide a learning experience. By observing the signals and their outcomes, traders can develop a better understanding of market dynamics and refine their trading strategies.
### Practical Application
- **Setup:** Traders integrate the Luxmi AI Ultimate 1 Min Option Scalper into their trading platforms. This setup typically involves installing the indicator and configuring it to monitor the specific options and market data relevant to the trader's strategy.
- **Monitoring:** During trading hours, traders monitor the signals provided by the indicator. They prepare to act quickly on "Enter" signals and heed "Don't" signals to avoid unnecessary risks.
- **Execution:** When an "Enter" signal is generated, traders execute the recommended trade, buying the corresponding option. They then manage their positions closely, ready to exit based on their predetermined profit targets or stop-loss levels.
In summary, the Luxmi AI Ultimate 1 Min Option Scalper is a powerful tool for option buyers, providing critical buy and hold signals in a highly time-sensitive manner. Its primary benefits include enhancing decision-making speed, improving trading consistency, and managing risk, all of which are essential for successful scalping in options trading.
Luxmi AI Directional Option Buying (Long Only)Introduction:
"Option premium charts typically exhibit a predisposition towards bearish sentiment in higher timeframes"
In the dynamic world of options trading, navigating through the complexities of market trends and price movements is essential for making informed decisions. Among the arsenal of tools available to traders, option premium charts stand out as a pivotal source of insight, particularly in higher timeframes. However, their inherent bearish inclination in such timeframes necessitates a keen eye for identifying bullish pullbacks, especially in lower timeframes, to optimize buying strategies effectively.
Understanding the interplay between different data points becomes paramount in this endeavor. Traders embark on a journey of analysis, delving into metrics such as Implementation Shortfall, the performance of underlying index constituents, and bullish trends observed in lower timeframes like the 1-minute and 3-minute charts. These data points serve as guiding beacons, illuminating potential opportunities amidst the market's ever-shifting landscape.
Using this indicator, we will dissect the significance of option premium charts and their nuanced portrayal of market sentiment. Furthermore, we will unveil the art of discerning bullish pullbacks in lower timeframes, leveraging a multifaceted approach that amalgamates quantitative analysis with qualitative insights. Through this holistic perspective, traders can refine their decision-making processes, striving towards efficiency and efficacy in their options trading endeavors.
Major Features:
Implementation Shortfall (IS) Candles:
Working Principle:
TWAP (Time-Weighted Average Price) and EMA (Exponential Moving Average) are both commonly used in calculating Implementation Shortfall, a metric that measures the difference between the actual execution price of a trade and the benchmark price.
TWAP calculates the average price of a security over a specified time period, giving equal weight to each interval. On the other hand, EMA places more weight on recent prices, making it more responsive to current market conditions.
To calculate Implementation Shortfall using TWAP, the difference between the average execution price and the benchmark price is determined over the trading period. Similarly, with EMA, the difference is calculated using the exponential moving average price instead of a simple average.
By employing TWAP and EMA, traders can gauge the effectiveness of their trading strategies and identify areas for improvement in executing trades relative to a benchmark.
Benefits of using Implementation Shortfall:
By visualizing the implementation shortfall and its comparison with the EMA on the chart, traders can quickly assess whether current trading activity is deviating from recent trends.
Green bars suggest potential buying opportunities or bullish sentiment, while red bars suggest potential selling opportunities or bearish sentiment.
Traders can use this visualization to make more informed decisions about their trading strategies, such as adjusting position sizes, entering or exiting trades, or managing risk based on the observed deviations from the moving average.
How to use this feature:
This feature calculates Implementation Shortfall (IS) and visually represents it by coloring the candles in either bullish (green) or bearish (red) hues. This color-coding system provides traders with a quick and intuitive way to assess market sentiment and potential entry points. Specifically, a long entry is signaled when both the candle color and the trend cloud color align as green, indicating a bullish market outlook. This integrated approach enables traders to make informed decisions, leveraging IS insights alongside visual cues for more effective trading strategies.
Micro Trend Candles:
Working Principle:
This feature begins by initializing variables to determine trend channel width and track price movements. Average True Range (ATR) is then calculated to measure market volatility, influencing the channel's size. Highs and lows are identified within a specified range, and trends are assessed based on price breaches, with potential changes signaled accordingly. The price channel is continually updated to adapt to market shifts, and arrows are placed to indicate potential entry points. Colors are assigned to represent bullish and bearish trends, dynamically adjusting based on current market conditions. Finally, candles on the chart are colored to visually depict the identified micro trend, offering traders an intuitive way to interpret market sentiment and potential entry opportunities.
Benefits of using Micro Trend Candles:
Traders can use these identified micro trends to spot potential short-term trading opportunities. For example:
Trend Following: Traders may decide to enter trades aligned with the prevailing micro trend. If the candles are consistently colored in a certain direction, traders may consider entering positions in that direction.
Reversals: Conversely, if the script signals a potential reversal by changing the candle colors, traders may anticipate trend reversals and adjust their trading strategies accordingly. For instance, they might close existing positions or enter new positions in anticipation of a trend reversal.
It's important to note that these micro trends are short-term in nature and may not always align with broader market trends. Therefore, traders utilizing this script should consider their trading timeframes and adjust their strategies accordingly.
How to use this feature:
This feature assigns colors to candles to represent bullish and bearish trends, with adjustments made based on current market conditions. Green candles accompanied by a green trend cloud signal a potential long entry, while red candles suggest caution, indicating a bearish trend. This visual representation allows traders to interpret market sentiment intuitively, identifying optimal entry points and exercising caution during potential downtrends.
Scalping Candles (Inspired by Elliott Wave):
Working Principle:
This feature draws inspiration from the Elliot Wave method, utilizing technical analysis techniques to discern potential market trends and sentiment shifts. It begins by calculating the variance between two Exponential Moving Averages (EMAs) of closing prices, mimicking Elliot Wave's focus on wave and trend analysis. The shorter-term EMA captures immediate price momentum, while the longer-term EMA reflects broader market trends. A smoother Exponential Moving Average (EMA) line, derived from the difference between these EMAs, aids in identifying short-term trend shifts or momentum reversals.
Benefits of using Scalping Candles Inspired by Elliott Wave:
The Elliott Wave principle is a form of technical analysis that attempts to predict future price movements by identifying patterns in market charts. It suggests that markets move in repetitive waves or cycles, and traders can potentially profit by recognizing these patterns.
While this script does not explicitly analyze Elliot Wave patterns, it is inspired by the principle's emphasis on trend analysis and market sentiment. By calculating and visualizing the difference between EMAs and assigning colors to candles based on this analysis, the script aims to provide traders with insights into potential market sentiment shifts, which can align with the broader philosophy of Elliott Wave analysis.
How to use this feature:
Candlestick colors are assigned based on the relationship between the EMA line and the variance. When the variance is below or equal to the EMA line, candles are colored red, suggesting a bearish sentiment. Conversely, when the variance is above the EMA line, candles are tinted green, indicating a bullish outlook. Though not explicitly analyzing Elliot Wave patterns, the script aligns with its principles of trend analysis and market sentiment interpretation. By offering visual cues on sentiment shifts, it provides traders with insights into potential trading opportunities, echoing Elliot Wave's emphasis on pattern recognition and trend analysis.
Volume Candles:
Working Principle:
This feature introduces a custom volume calculation method tailored for bullish and bearish bars, enabling a granular analysis of volume dynamics specific to different price movements. By summing volumes over specified periods for bullish and bearish bars, traders gain insights into the intensity of buying and selling pressures during these periods, facilitating a deeper understanding of market sentiment. Subsequently, the script computes the net volume, revealing the overall balance between buying and selling pressures. Positive net volume signifies prevailing bullish sentiment, while negative net volume indicates bearish sentiment.
Benefits of Using Volume candles:
Enhanced Volume Analysis: Traders gain a deeper understanding of volume dynamics specific to bullish and bearish price movements, allowing them to assess the intensity of buying and selling pressures with greater precision.
Insight into Market Sentiment: By computing net volume and analyzing its relationship with the Exponential Moving Average (EMA), traders obtain valuable insights into prevailing market sentiment. This helps in identifying potential shifts in sentiment and anticipating market movements.
Visual Representation of Sentiment: The color-coded candle bodies based on volume dynamics provide traders with a visual representation of market sentiment. This intuitive visualization helps in quickly interpreting sentiment shifts and making timely trading decisions.
How to use this feature:
This visual representation allows traders to quickly interpret market sentiment based on volume dynamics. Green candles indicate potential bullish sentiment, while red candles suggest bearish sentiment. The color-coded candle bodies help traders identify shifts in market sentiment and make informed trading decisions.
Smart Sentimeter Candles:
Working Principle:
The "Smart Sentimeter Candles" feature is a tool designed for market sentiment analysis using technical indicators. It begins by defining stock symbols from various sectors, allowing traders to select specific indices for sentiment analysis. The script then calculates the difference between two Exponential Moving Averages (EMAs) of the High-Low midpoint, capturing short-term momentum changes in the market. It computes the difference between current and previous values to capture momentum shifts over time.
Additionally, it calculates the Exponential Moving Average (EMA) of this difference to provide a smoothed representation of the prevailing trend in market momentum. Another EMA of this difference is calculated to offer an alternative perspective on longer-term momentum trends. Bar colors are determined based on the difference between current and previous values, with bullish and bearish sentiment represented by custom colors. Finally, sentiment candles are visualized on the chart, providing traders with a clear representation of market sentiment changes.
Benefits of Using Sentimeter Candles:
By analyzing index constituents, traders gain insights into the individual stocks that collectively influence the index's performance. This understanding is crucial for trading options as it helps traders tailor their strategies to specific sectors or stocks within the index.
Sector-Specific Analysis: Traders can focus on specific sectors by selecting relevant indices for sentiment analysis.
Momentum Identification: The script identifies short-term momentum changes in the market, aiding traders in spotting potential trend reversals or continuations.
Clear Visualization: Sentiment candles visually represent market sentiment changes, making it easier for traders to interpret and act upon sentiment trends.
How to use this feature:
Select Indices: Toggle the inputs to choose which indices (e.g., NIFTY, BANKNIFTY, FINNIFTY) to analyze.
Interpret Sentiment Candles: Monitor the color of sentiment candles on the chart. Green candles indicate bullish sentiment, while red candles suggest bearish sentiment.
Observe Momentum Changes: Pay attention to momentum changes identified by the difference between EMAs and their respective EMAs. Increasing bullish momentum may present buying opportunities, while increasing bearish momentum could signal potential sell-offs.
Trend Cloud:
Working Principle:
The script utilizes the Relative Strength Index (RSI) to assess market momentum, identifying bullish and bearish phases based on RSI readings. It calculates two boolean variables, bullmove and bearmove, which signal shifts in momentum direction by considering changes in the Exponential Moving Average (EMA) of the closing price. When RSI indicates bullish momentum and the closing price's EMA exhibits positive changes, bullmove is triggered, signifying the start of a bullish phase. Conversely, when RSI suggests bearish momentum and the closing price's EMA shows negative changes, bearmove is activated, marking the beginning of a bearish phase. This systematic approach helps in understanding the current trend of the price. The script visually emphasizes these phases on the chart using plot shape markers, providing traders with clear indications of trend shifts.
Benefits of Using Trend Cloud:
Comprehensive Momentum Assessment: The script offers a holistic view of market momentum by incorporating RSI readings and changes in the closing price's EMA, enabling traders to identify both bullish and bearish phases effectively.
Structured Trend Recognition: With the calculation of boolean variables, the script provides a structured approach to recognizing shifts in momentum direction, enhancing traders' ability to interpret market dynamics.
Visual Clarity: Plotshape markers visually highlight the start and end of bullish and bearish phases on the chart, facilitating easy identification of trend shifts and helping traders to stay informed.
Prompt Response: Traders can promptly react to changing market conditions as the script triggers alerts when bullish or bearish phases begin, allowing them to seize potential trading opportunities swiftly.
Informed Decision-Making: By integrating various indicators and visual cues, the script enables traders to make well-informed decisions and adapt their strategies according to prevailing market sentiment, ultimately enhancing their trading performance.
How to use this feature:
The most effective way to maximize the benefits of this feature is to use it in conjunction with other key indicators and visual cues. By combining the color-coded clouds, which indicate bullish and bearish sentiment, with other features such as IS candles, microtrend candles, volume candles, and sentimeter candles, traders can gain a comprehensive understanding of market dynamics. For instance, aligning the color of the clouds with the trend direction indicated by IS candles, microtrend candles, and sentimeter candles can provide confirmation of trend strength or potential reversals.
Furthermore, traders can leverage the trend cloud as a trailing stop-loss tool for long entries, enhancing risk management strategies. By adjusting the stop-loss level based on the color of the cloud, traders can trail their positions to capture potential profits while minimizing losses. For long entries, maintaining the position as long as the cloud remains green can help traders stay aligned with the prevailing bullish sentiment. Conversely, a shift in color from green to red serves as a signal to exit the position, indicating a potential reversal in market sentiment and minimizing potential losses. This integration of the trend cloud as a trailing stop-loss mechanism adds an additional layer of risk management to trading strategies, increasing the likelihood of successful trades while reducing exposure to adverse market movements.
Moreover, the red cloud serves as an indicator of decay in option premiums and potential theta effect, particularly relevant for options traders. When the cloud turns red, it suggests a decline in option prices and an increase in theta decay, highlighting the importance of managing options positions accordingly. Traders may consider adjusting their options strategies, such as rolling positions or closing out contracts, to mitigate the impact of theta decay and preserve capital. By incorporating this insight into options pricing dynamics, traders can make more informed decisions about their options trades.
Scalping Opportunities (UpArrow and DownArrow):
Working Principle:
The feature calculates candlestick values based on the open, high, low, and close prices of each bar. By comparing these derived candlestick values, it determines whether the current candlestick is bullish or bearish. Additionally, it signals when there is a change in the color (bullish or bearish) of the derived candlesticks compared to the previous bar, enabling traders to identify potential shifts in market sentiment. This is a long only strategy, hence the signals are plotted only when the Trend Cloud is Green (Bullish).
Benefits of using UpArrow and DownArrow:
Clear Visualization: By employing color-coded candlesticks, the script offers traders a visually intuitive representation of market sentiment, enabling quick interpretation of prevailing conditions.
Signal Identification: Its capability to detect shifts in market sentiment serves as a valuable tool for identifying potential trading opportunities, facilitating timely decision-making and execution.
Long-Only Strategy: The script selectively plots signals only when the trend cloud is green, aligning with a bullish bias and enabling traders to focus on long positions during favorable market conditions.
Up arrows indicate potential long entry points, complementing the bullish bias of the trend cloud. Conversely, down arrows signify an active pullback in progress, signaling caution and prompting traders to refrain from entering long positions during such periods.
How to use this feature:
Confirmation: Confirm bullish market conditions with the Trend Cloud indicator. Ensure alignment between trend cloud signals, candlestick colors, and arrow indicators for confident trading decisions.
Entry Signals: Look for buy signals within a green trend cloud, indicated by bullish candlestick color changes and up arrows, suggesting potential long entry points aligned with the prevailing bullish sentiment.
Wait Signals: Exercise caution when encountering down arrows, which signify wait signals or active pullbacks in progress. Avoid entering long positions during these periods to avoid potential losses.
Exit Strategy: Use trend cloud color changes as signals to exit long positions. When the trend cloud shifts color, consider closing out long positions to lock in profits or minimize losses.
Profit Management: It's important to book or lock in some profits early on in option buying. Consider taking partial profits when the trade is in your favor and trail the remaining position to maximize gains on favorable trades.
Risk Management: Implement stop-loss orders or trailing stops to manage risk effectively. Exit positions promptly if sentiment shifts or if price movements deviate from the established trend, safeguarding capital.
Up and Down Signals:
Working Principle:
This feature calculates Trailing Stoploss (TSL) using the Average True Range (ATR) to dynamically adjust the stop level based on price movements. It generates buy signals when the price crosses above the trailing stop and sell signals when it crosses below. These signals are plotted on the chart and trigger alerts, signaling potential trading opportunities. Additionally, the script selectively plots Up and Down signals only when the Implementation Shortfall Calculation identifies scalp opportunities, independent of the prevailing price trend.
Benefits of using Up and Down Signals:
Trailing Stoploss: The script employs an ATR-based trailing stop, allowing traders to adjust stop levels dynamically in response to changing market conditions, thereby maximizing profit potential and minimizing losses.
Clear Signal Generation: Buy and sell signals are generated based on price interactions with the trailing stop, providing clear indications of entry and exit points for traders to act upon.
Alert Notifications: The script triggers alerts when buy or sell signals are generated, ensuring traders remain informed of potential trading opportunities even when not actively monitoring the charts.
Scalping Opportunities: By incorporating Implementation Shortfall Calculation, the script identifies scalp opportunities, enabling traders to capitalize on short-term price movements irrespective of the prevailing trend.
How to use this feature:
Signal Interpretation: Interpret Up signals as opportunities to enter long positions when the price crosses above the trailing stop, and Down signals as cues to exit.
Alert Monitoring: Pay attention to alert notifications triggered by the script, indicating potential trading opportunities based on signal generation.
Scalping Strategy: When Up and Down signals are plotted alongside scalp opportunities identified by the Implementation Shortfall Calculation, consider scalping trades aligned with these signals for short-term profit-taking, regardless of the overall market trend.
Consideration of Trend Cloud: Remember that this feature does not account for the underlying trend provided by the Trend Cloud feature. Consequently, the take profit levels generated by the trailing stop may be smaller than those derived from trend-following strategies. It's advisable to supplement this feature with additional trend analysis to optimize profit-taking levels and enhance overall trading performance.
Chart Timeframe Support and Resistance:
Working Principle:
This feature serves to identify and visualize support and resistance levels on the chart, primarily based on the chosen Chart Timeframe (CTF). It allows users to specify parameters such as the number of bars considered on the left and right sides of each pivot point, as well as line width and label color. Moreover, users have the option to enable or disable the display of these levels. By utilizing functions to calculate pivot highs and lows within the specified timeframe, the script determines the highest high and lowest low surrounding each pivot point.
Additionally, it defines functions to create lines and labels for each detected support and resistance level. Notably, this feature incorporates a trading method that emphasizes the concept of resistance turning into support after breakouts, thereby providing valuable insights for traders employing such strategies. These lines are drawn on the chart, with colors indicating whether the level is above or below the current close price, aiding traders in visualizing key levels and making informed trading decisions.
Benefits of Chart Timeframe Support and Resistance:
Identification of Price Levels: Support and resistance levels help traders identify significant price levels where buying (support) and selling (resistance) pressure may intensify. These levels are often formed based on historical price movements and are regarded as areas of interest for traders.
Decision Making: Support and resistance levels assist traders in making informed trading decisions. By observing price reactions near these levels, traders can gauge market sentiment and adjust their strategies accordingly. For example, traders may choose to enter or exit positions, set stop-loss orders, or take profit targets based on price behavior around these levels.
Risk Management: Support and resistance levels aid in risk management by providing reference points for setting stop-loss orders. Traders often place stop-loss orders below support levels for long positions and above resistance levels for short positions to limit potential losses if the market moves against them.
How to use this feature:
Planning Long Positions: When considering long positions, it's advantageous to strategize when the price is in proximity to a support level identified by the script. This suggests a potential area of buying interest where traders may expect a bounce or reversal in price. Additionally, confirm the bullish bias by ensuring that the trend cloud is green, indicating favorable market conditions for long trades.
Waiting for Breakout: If long signals are generated near resistance levels detected by the script, exercise patience and wait for a breakout above the resistance. A breakout above resistance signifies potential strength in the upward momentum and may present a more opportune moment to enter long positions. This approach aligns with trading methodologies that emphasize confirmation of bullish momentum before initiating trades.
Settings:
The Index Constituent Analysis setting empowers users to input the constituents of a specific index, facilitating the analysis of market sentiments based on the performance of these individual components. An index serves as a statistical measure of changes in a portfolio of securities representing a particular market or sector, with constituents representing the individual assets or securities comprising the index.
By providing the constituent list, users gain insights into market sentiments by observing how each constituent performs within the broader index. This analysis aids traders and investors in understanding the underlying dynamics driving the index's movements, identifying trends or anomalies, and making informed decisions regarding their investment strategies.
This setting empowers users to customize their analysis based on specific indexes relevant to their trading or investment objectives, whether tracking a benchmark index, sector-specific index, or custom index. Analyzing constituent performance offers a valuable tool for market assessment and decision-making.
Example: BankNifty Index and Its Constituents
Illustratively, the BankNifty index represents the performance of the banking sector in India and includes major banks and financial institutions listed on the National Stock Exchange of India (NSE). Prominent constituents of the BankNifty index include:
State Bank of India (SBIN)
HDFC Bank
ICICI Bank
Kotak Mahindra Bank
Axis Bank
IndusInd Bank
Punjab National Bank (PNB)
Yes Bank
Federal Bank
IDFC First Bank
By utilizing the Index Constituent Analysis setting and inputting these constituent stocks of the BankNifty index, traders and investors can assess the individual performance of these banking stocks within the broader banking sector index. This analysis enables them to gauge market sentiments, identify trends, and make well-informed decisions regarding their trading or investment strategies in the banking sector.
Example: NAS100 Index and Its Constituents
Similarly, the NAS100 index, known as the NASDAQ-100, tracks the performance of the largest non-financial companies listed on the NASDAQ stock exchange. Prominent constituents of the NAS100 index include technology and consumer discretionary stocks such as:
Apple Inc. (AAPL)
Microsoft Corporation (MSFT)
Amazon.com Inc. (AMZN)
Alphabet Inc. (GOOGL)
Facebook Inc. (FB)
Tesla Inc. (TSLA)
NVIDIA Corporation (NVDA)
PayPal Holdings Inc. (PYPL)
Netflix Inc. (NFLX)
Adobe Inc. (ADBE)
By inputting these constituent stocks of the NAS100 index into the Index Constituent Analysis setting, traders and investors can analyze the individual performance of these technology and consumer discretionary stocks within the broader NASDAQ-100 index. This analysis facilitates the evaluation of market sentiments, identification of trends, and informed decision-making regarding trading or investment strategies in the technology and consumer sectors.
Example: FTSE 100 Index and Its Constituents
The FTSE 100 index represents the performance of the 100 largest companies listed on the London Stock Exchange (LSE) by market capitalization. Some notable constituents of the FTSE 100 index include:
HSBC Holdings plc
BP plc
GlaxoSmithKline plc
Unilever plc
Royal Dutch Shell plc
AstraZeneca plc
Diageo plc
Rio Tinto plc
British American Tobacco plc
Reckitt Benckiser Group plc
By inputting these constituent stocks of the FTSE 100 index into the Index Constituent Analysis setting, traders and investors can analyze the individual performance of these diverse companies within the broader UK market index. This analysis facilitates the evaluation of market sentiments, identification of trends, and informed decision-making regarding trading or investment strategies in the UK market.
This comprehensive approach enables users to dissect index performance effectively, providing valuable insights for investors and traders across different markets and sectors.
Index Selection - Index Selection allows traders to specify the index for Sentimeter calculations, enabling customization for Call and Put Option charts corresponding to the chosen index.
Support and Resistance Levels - Set the left and right bars to consider pivot high and low to draw Support and resistance lines. Linewidth setting to help increase the width of the Support and Resistance lines. Label Color to change the color of the labels.
Style Section Colors to allow users to customize the color scheme to their liking.
CoffeeShopCrypto Supertrend Liquidity EngineMost SuperTrend indicators use fixed ATR multipliers that ignore context—forcing traders to constantly tweak settings that rarely adapt well across timeframes or assets.
This Supertrend is a nodd to and a more completion of the work
done by Olivier Seban ( @olivierseban )
This version replaces guesswork with an adaptive factor based on prior session volatility, dynamically adjusting stops to match current conditions. It also introduces liquidity-aware zones, real-time strength histograms, and a visual control panel—making your stoploss smarter, more responsive, and aligned with how the market actually moves.
📏 The Multiplier Problem & Adaptive Factor Solution
Traditional SuperTrend indicators rely on fixed ATR multipliers—often arbitrary numbers like 1.5, 2, or 3. The issue? No logical basis ties these values to actual market conditions. What works on a 5-minute Nasdaq chart fails on a daily EUR/USD chart. Traders spend hours tweaking multipliers per asset, timeframe, or volatility phase—and still end up with stoplosses that are either too tight or too loose. Worse, the market doesn’t care about your setting—it behaves according to underlying volatility, not your parameter.
This version fixes that by automating the multiplier selection entirely. It uses a 4-zone model based on the current ATR relative to the previous session’s ATR, dynamically adjusting the SuperTrend factor to match current volatility. It eliminates guesswork, adapts to the asset and timeframe, and ensures you’re always using a context-aware stoploss—one that evolves with the market instead of fighting it.
ATR EXAMPLE
Let’s say prior session ATR = 2.00
Now suppose current ATR = 0.32
This places us in Zone 1 (Very Low Volatility)
It doesn’t imply "overbought" or "oversold" — it tells you the market is moving very little, which often means:
Lower risk | Smaller stops | Smaller opportunities (and losses)
🔁 Liquidity Zones vs. Arbitrary Pullbacks
The standard SuperTrend stop loss line often looks like price “barely misses it” before continuing its trend. Traders call this "stop hunting," but what’s really happening is liquidity collection—price pulls back into a zone rich in orders before continuing. The problem? The old SuperTrend doesn’t show this zone. It only draws the outer limit, leaving no visual cue for where entries or continuation moves might realistically originate.
This script introduces 2 levels in the Liquidity Zone. One for Support and one for Stophunts, which draw dynamically between the current price and the SuperTrend line. These levels reflect where the market is most likely to revisit before resuming the trend. By visualizing the area just above the Supertrend stop loss, you can anticipate pullbacks, spot ideal re-entries, and avoid premature exits. This bridges the gap between mechanical stoploss logic and real-world liquidity behavior.
⏳ Prior Session ATR vs. Live ATR
Using real-time ATR to determine movement potential is like driving by looking in your rearview mirror. It’s reactive, not predictive. Traders often base decisions on live ATR, unaware that today’s range is still unfolding —creating volatility mismatches between what’s calculated and what actually matters. Since ATR reflects range, calculating it mid-session gives an incomplete and misleading picture of true volatility.
Instead, this system uses the ATR from the previous session , anchoring your volatility assumptions in a fully-formed price structure . It tells you how far price moved in the last full market phase—be it London, New York, or Tokyo—giving you a more reliable gauge of expected range today. This is a smarter way to estimate how far price could move rather than how far it has moved.
The Smoothing function will take the ATR, Support, Resistance, Stophunt Levels, and the Moving Avearage and smooth them by the calculation you choose.
It will also plot a moving average on your chart against closing prices by the smoothing function you choose.
🧭 Scalping vs. Trending Modes
The market moves in at least 4 phases. Trending, Ranging, Consolidation, Distribution.
Every trader has a different style —some scalp low-volatility moves during off-hours, while others ride macro trends across days. The problem with classic SuperTrend? It treats every market condition the same. A fixed system can’t possibly provide proper stoploss spacing for both a fast scalp and a long-term swing. Traders are forced to rebuild their system every time the market changes character or the session shifts.
This version solves that with a simple toggle:
Scalping or Trend Mode . With one switch, it inverts the logic of the adaptive factor to either tighten or loosen your trailing stops. During low-liquidity hours or consolidation phases, Scalping Mode offers snug stoplosses. During expansion or clear directional bias.
Trend Mode lets the trade breathe. This is flexibility built directly into the logic—not something you have to recalibrate manually.
📉 Histogram Oscillator for Move Strength
In legacy indicators, there’s no built-in way to gauge when the move is losing power . Traders rely on price action or momentum indicators to guess if a trend is fading. But this adds clutter, lag, and often contradiction. The classic SuperTrend doesn’t offer insight into how strong or weak the current trend leg is—only whether price has crossed a line.
This version includes a Trending Liquidity Histogram —a histogram that shows whether the liquidity in the SuperTrend zone is expanding or compressing. When the bars weaken or cross toward zero, it signals liquidity exhaustion . This early warning gives you time to prep for reversals or anticipate pullbacks. It even adapts visually depending on your trading mode, showing color-coded signals for scalping vs. trending behavior. It's both a strength gauge and a trade timing tool—built into your stoploss logic.
Histogram in Scalping Mode
Histogram in Trending Mode
📊 Visual Table for Real-Time Clarity
A major issue with custom indicators is opacity —you don’t always know what settings or values are currently being used. Even worse, if your dynamic logic changes mid-trade, you may not notice unless you go digging into the code or logs. This can create confusion, especially for discretionary traders.
This SuperTrend solves it with a clean visual summary table right on your chart. It shows your current ATR value, adaptive multiplier, trailing stop level, and whether a new zone size is active. That means no surprises and no second-guessing—everything important is visible and updated in real-time.
