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D-Shape Breakout Signals [LuxAlgo]The D-Shape Breakout Signals indicator uses a unique and novel technique to provide support/resistance curves, a trailing stop loss line, and visual breakout signals from semi-circular shapes. 🔶 USAGE D-shape is a new concept where the distance between two Swing points is used to create a semi-circle/arc, where the width is expressed as a user-defined percentage of the radius. The resulting arc can be used as a potential support/resistance as well as a source of breakouts. Users can adjust this percentage (width of the D-shape) in the settings ( "D-Width" ), which will influence breakouts and the Stop-Loss line. 🔹 Breakouts of D-Shape The arc of this D-shape is used for detecting breakout signals between the price and the curve. Only one breakout per D-shape can occur. A breakout is highlighted with a colored dot, signifying its location, with a green dot being used when the top part of the arc is exceeded, and red when the bottom part of the arc is surpassed. When the price reaches the right side of the arc without breaking the arc top/bottom, a blue-colored dot is highlighted, signaling a "Neutral Breakout". 🔹 Trailing Stop-Loss Line The script includes a Trailing Stop-Loss line (TSL), which is only updated when a breakout of the D-Shape occurs. The TSL will return the midline of the D-Shape subject to a breakout. The TSL can be used as a stop-loss or entry-level but can also act as a potential support/resistance level or trend visualization. 🔶 DETAILS A D-shape will initially be colored green when a Swing Low is followed by a Swing High, and red when a Swing Low is followed by a Swing High. A breakout of the upper side of the D-shape will always update the color to green or to red when the breakout occurs in the lower part. A Neutral Breakout will result in a blue-colored D-shape. The transparency is lowered in the event of a breakout. In the event of a D-shape breakout, the shape will be removed when the total number of visible D-Shapes exceeds the user set "Minimum Patterns" setting. Any D-shape whose boundaries have not been exceeded (and therefore still active) will remain visible. 🔹 Trailing Stop-Loss Line Only when a breakout occurs will the midline of the D-shape closest to the closing price potentially become the new Trailing Stop value. The script will only consider middle lines below the closing price on an upward breakout or middle lines above the closing price when it concerns a downward breakout. In an uptrend, with an already available green TSL, the potential new Stop-Loss value must be higher than the previous TSL value; while in a downtrend, the new TSL value must be lower. The Stop-Loss line won't be updated when a "Neutral Breakout" occurs. 🔶 SETTINGS Swing Length: Period used for the swing detection, with higher values returning longer-term Swing Levels. 🔹 D-Patterns Minimum Patterns: Minimum amount of visible D-Shape patterns. D-Width: Width of the D-Shape as a percentage of the distance between both Swing Points. Included Swings: Include "Swing High" (followed by a Swing Low), "Swing Low" (followed by a Swing High), or "Both" Style Historical Patterns: Show the "Arc", "Midline" or "Both" of historical patterns. 🔹 Style Label Size/Colors Connecting Swing Level: Shows a line connecting the first Swing Point. Color Fill: colorfill of Trailing Stop-Loss
Pine Script®指標
由LuxAlgo提供
15
Breaker Blocks + Order Blocks confirm [TradingFinder] BBOB Alert🔵 Introduction In the realm of technical analysis, various tools and concepts are employed to identify key levels on price charts. These tools assist traders in analyzing market trends with greater precision, enabling them to optimize their trading decisions. Among these tools, the Order Block and Breaker Block hold a significant place, serving as effective instruments for analyzing market structure. 🟣 Order Block An Order Block refers to zones on a chart where large financial institutions and high-volume traders place their orders. Due to the substantial volume of buy or sell orders in these areas, they are often regarded as pivotal points for potential price reversals or temporary pauses in a trend. Order Blocks are particularly crucial when prices react to these zones after a strong market move, acting as strong support or resistance levels. 🟣 Breaker Block On the other hand, a Breaker Block refers to areas on a chart that previously functioned as Order Blocks but where the price has managed to break through and continue in the opposite direction. These zones are typically recognized as key points where market trends might shift, helping traders identify potential reversal points in the market. 🟣 Overlapping Block (BBOB) Now, imagine a scenario where these two essential concepts in technical analysis—Order Blocks and Breaker Blocks—overlap on a chart. Although this overlap is not specifically discussed within the ICT (Inner Circle Trader) trading framework, exploring and utilizing this overlap can provide traders with powerful insights into strong support and resistance zones. The combination of these two robust concepts can highlight critical areas in trading, potentially offering significant advantages in making informed trading decisions. In this article, we will delve into the concept of this overlap, explaining how to utilize it in trading strategies. Additionally, we will analyze the potential outcomes and benefits of incorporating this concept into your trading decisions. Bullish Overlapping Block (BBOB) : Bearish Overlapping Block (BBOB) : 🔵 How to Use The overlap between Order Blocks and Breaker Blocks is a compelling and powerful concept that can help traders identify key levels on the chart with a high probability of success. This overlap is particularly valuable because it combines two well-regarded concepts in technical analysis—zones of high order volume and critical market shifts. 🟣 Here’s how to effectively use this overlap in your trading 1. Dentifying the Overlapping Block : To make the most of the overlap between Order Blocks and Breaker Blocks, begin by identifying these zones separately. Order Blocks are areas where price typically reacts and reverses after a strong market move. Breaker Blocks are areas where a previous Order Block has been breached, and the price continues in the opposite direction. When these two zones overlap on a chart, it’s crucial to pay close attention to this area, as it represents a high-probability reaction zone. 2. Analyzing the Overlapping Block : After identifying the overlap zone, carefully analyze price action within this region. Candlestick patterns and price behavior can provide essential clues. If the price reaches this overlap zone and strong reversal patterns such as Pin Bars or Engulfing patterns are observed, it’s likely that this zone will act as a pivotal reversal point. In such cases, entering a trade with confidence becomes more feasible. 3. Entering the Trade : When sufficient signs of price reaction are present in the overlap zone, you can proceed to enter the trade. If the overlap zone is within an uptrend and bullish reversal signals are evident, a long position might be appropriate. Conversely, if the overlap zone is in a downtrend and bearish reversal signals are observed, a short position would be more suitable. 4. Risk Management : One of the most critical aspects of trading in overlap zones is managing risk. To protect your capital, place your stop loss near the lowest point of the Order Block (for buy trades) or the highest point (for sell trades). This approach minimizes potential losses if the overlap zone fails to hold. 5. Price Targets : After entering the trade, set your price targets based on other key levels on the chart. These targets could include other support and resistance zones, Fibonacci levels, or pivot points. Bullish Overlapping Block : Bearish Overlapping Block : 🟣 Benefits of the Overlapping Block Between Order Block and Breaker Block 1. Enhanced Precision in Identifying Key Levels : The overlap between these two zones usually acts as a highly reliable area for price reactions, increasing the accuracy of identifying entry and exit points. 2. Reduced Trading Risk : Given the high importance of the overlap zone, the likelihood of making incorrect decisions is reduced, contributing to overall lower trading risk. 3. Increased Probability of Success : The overlap between Order Blocks and Breaker Blocks combines two powerful concepts, enhancing the likelihood of success in trades, as multiple indicators confirm the importance of the area. 4. Creation of Better Trading Opportunities : Overlap zones often provide traders with more robust trading opportunities, as these areas typically represent strong reversal points in the market. 5. Compatibility with Other Technical Tools : This concept seamlessly integrates with other technical analysis tools such as Fibonacci retracements, trend lines, and chart patterns, offering a more comprehensive market analysis. 🔵 Setting 🟣 Global Setting Pivot Period of Order Blocks Detector : Enter the desired pivot period to identify the Order Block. Order Block Validity Period (Bar) : You can specify the maximum time the Order Block remains valid based on the number of candles from the origin. Mitigation Level Order Block : Determining the basic level of a Order Block. When the price hits the basic level, the Order Block due to mitigation. Mitigation Level Breaker Block : Determining the basic level of a Breaker Block. When the price hits the basic level, the Breaker Block due to mitigation. Mitigation Level Overlapping Block : Determining the basic level of a Overlapping Block. When the price hits the basic level, the Overlapping Block due to mitigation. 🟣 Overlapping Block Display Show All Overlapping Block : If it is turned off, only the last Order Block will be displayed. Demand Overlapping Block : Show or not show and specify color. Supply Overlapping Block : Show or not show and specify color. 🟣 Order Block Display Show All Order Block : If it is turned off, only the last Order Block will be displayed. Demand Main Order Block : Show or not show and specify color. Demand Sub (Propulsion & BoS Origin) Order Block : Show or not show and specify color. Supply Main Order Block : Show or not show and specify color. Supply Sub (Propulsion & BoS Origin) Order Block : Show or not show and specify color. 🟣 Breaker Block Display Show All Breaker Block : If it is turned off, only the last Breaker Block will be displayed. Demand Main Breaker Block : Show or not show and specify color. Demand Sub (Propulsion & BoS Origin) Breaker Block : Show or not show and specify color. Supply Main Breaker Block : Show or not show and specify color. Supply Sub (Propulsion & BoS Origin) Breaker Block : Show or not show and specify color. 🟣 Order Block Refinement Refine Order Blocks : Enable or disable the refinement feature. Mode selection. 🟣 Alert Alert Name : The name of the alert you receive. Alert Overlapping Block Mitigation : On / Off Message Frequency : This string parameter defines the announcement frequency. Choices include: "All" (activates the alert every time the function is called), "Once Per Bar" (activates the alert only on the first call within the bar), and "Once Per Bar Close" (the alert is activated only by a call at the last script execution of the real-time bar upon closing). The default setting is "Once per Bar". Show Alert Time by Time Zone : The date, hour, and minute you receive in alert messages can be based on any time zone you choose. For example, if you want New York time, you should enter "UTC-4". This input is set to the time zone "UTC" by default. 🔵 Conclusion The overlap between Order Blocks and Breaker Blocks represents a critical and powerful area in technical analysis that can serve as an effective tool for determining entry and exit points in trading. These zones, due to the combination of two key concepts in technical analysis, hold significant importance and can help traders make more confident trading decisions. Although this concept is not specifically discussed in the ICT framework and is introduced as a new idea, traders can achieve better results in their trades through practice and testing. Utilizing the overlap between Order Blocks and Breaker Blocks, in conjunction with other technical analysis tools, can significantly improve the chances of success in trading.
Pine Script®指標
由TFlab提供
8
Chieu - Bollinger Bands SMA 50 StrategyOverview The Custom Bollinger Bands Indicator is a versatile tool designed to help traders identify potential market reversals and optimize their trading strategies. This indicator combines Bollinger Bands with an ATR-based stop-loss mechanism, configurable take-profit levels, and dynamic position sizing to manage risk effectively. By highlighting key market conditions and providing clear visual cues, it enables traders to make informed decisions and execute trades with precision. Key Features Bollinger Bands Calculation: The indicator calculates Bollinger Bands based on a configurable Simple Moving Average (SMA) length. Standard deviation multiplier is adjustable, allowing traders to fine-tune the width of the bands. Candlestick Highlighting: Candles that touch the upper or lower Bollinger Bands are highlighted, indicating potential overbought or oversold conditions. Reversal candles are identified and highlighted based on specific criteria: The candle must touch the Bollinger Bands for two consecutive periods. The reversal candle must have a body at least twice the size of the previous candle's body. The reversal candle must close in the opposite direction to the previous candle (e.g., a bullish candle following a bearish one). Stop-Loss and Take-Profit Levels: Stop-loss levels are calculated using the ATR (Average True Range) indicator, ensuring they are dynamically adjusted based on market volatility. Two configurable take-profit levels (1R and 2R) are plotted based on the initial risk (distance between entry and stop-loss). Take-profit and stop-loss lines are visually represented on the chart for easy reference. Position Sizing and Risk Management: The indicator includes configurable inputs for account balance, leverage, and risk percentage. It calculates the nominal value (position size without leverage) and cost value (position size with leverage) based on the specified risk parameters. Combined labels display SL, TP, nominal value, and cost value, replacing the default "Reversal" text for clear, concise information. Customization Options: Users can configure the length of the take-profit lines. The option to toggle the highlighting of candles touching the Bollinger Bands on or off, while always highlighting the identified reversal candles. How to Use Configuration: Set the desired SMA length and Bollinger Bands multiplier in the input settings. Configure the ATR length for accurate stop-loss calculations. Adjust the risk-reward ratio and take-profit line length according to your trading strategy. Specify your account balance, leverage, and risk percentage for precise position sizing. Chart Analysis: Monitor the chart for candles touching the upper or lower Bollinger Bands. These highlights indicate potential overbought or oversold conditions. Look for highlighted reversal candles, which meet the specified criteria and suggest a potential market reversal. Use the plotted stop-loss and take-profit lines to manage your trades effectively. The combined labels provide all necessary information (SL, TP, nominal value, and cost value) for quick decision-making. Execution and Risk Management: Enter trades based on the reversal candle signals. Set your stop-loss at the indicated level using the ATR calculation. Take partial profits at the first take-profit level (1R) and adjust your stop-loss to the entry point to secure the remaining position. Exit the trade entirely at the second take-profit level (2R) or if the price returns to the adjusted stop-loss level.
Pine Script®指標
由lebinhchieu提供
1
FVG Instantaneous Mitigation Signals [LuxAlgo]The FVG Instantaneous Mitigation Signals indicator detects and highlights "instantaneously" mitigated fair value gaps (FVG), that is FVGs that get mitigated one bar after their creation, returning signals upon mitigation. Take profit/stop loss areas, as well as a trailing stop loss are also included to complement the signals. 🔶 USAGE Instantaneous Fair Value Gap mitigation is a new concept introduced in this script and refers to the event of price mitigating a fair value gap one bar after its creation. The resulting signal sentiment is opposite to the bias of the mitigated fair value gap. As such an instantaneously mitigated bearish FGV results in a bullish signal, while an instantaneously mitigated bullish FGV results in a bearish signal. Fair value gap areas subject to instantaneous mitigation are highlighted alongside their average level, this level is extended until reached in a direction opposite to the FVG bias and can be used as a potential support/resistance level. Users can filter out less volatile fair value gaps using the "FVG Width Filter" setting, with higher values highlighting more volatile fair value gaps subject to instantaneous mitigation. 🔹 TP/SL Areas Users can enable take-profit/stop-loss areas. These are displayed upon a new signal formation, with an area starting from the mitigated FVG area average to this average plus/minus N ATRs, where N is determined by their respective multiplier settings. Using a higher multiplier will return more distant areas from the price, requiring longer-term variations to be reached. 🔹 Trailing Stop Loss A trailing-stop loss is included, increasing when the price makes a new higher high or lower low since the trailing has been set. Using a higher trailing stop multiplier will allow its initial position to be further away from the price, reducing its chances of being hit. The trailing stop can be reset on "Every Signal", whether they are bullish or bearish, or only on an "Inverse Signal", which will reset the trailing when a signal of opposite bias is detected, this will preserve an existing trailing stop when a new signal of the same bias to the present one is detected. 🔶 DETAILS Fair Value Gaps are ubiquitous to price action traders. These patterns arise when there exists a disparity between supply and demand. The action of price coming back and filling these imbalance areas is referred to as "mitigation" or "rebalancing". "Instantaneous mitigation" refers to the event of price quickly mitigating a prior fair value gap, which in the case of this script is one bar after their creation. These events are indicative of a market more attentive to imbalances, and more willing to correct disparities in supply and demand. If the market is particularly sensitive to imbalances correction then these can be excessively corrected, leading to further imbalances, highlighting a potential feedback process. 🔶 SETTINGS FVG Width Filter: Filter out FVGs with thinner areas from returning a potential signal. 🔹 TP/SL TP Area: Enable take-profit areas for new signals. Multiplier: Control the distance from the take profit and the price, with higher values returning more distant TP's. SL Area: Enable stop-loss areas for new signals. Multiplier: Control the distance from the stop loss and the price, with higher values returning more distant SL's. 🔹 Trailing Stop Reset Trailing Stop: Determines when the trailing stop is reset. Multiplier: Controls the initial position of the trailing stop, with higher values returning more distant trailing stops.
Pine Script®指標
由LuxAlgo提供
27
Stop Hunts [MK]Liquidity rests above/below previous highs and lows because these are the areas where traders are most likely to leave their orders/stop losses. The market can tap into this liquidity source by going beyond the previous highs and lows, this liquidity can then be used to reverse the market in the opposite direction. As traders we may want to know if price will continue beyond previous highs and lows, or reverse the market. If price looks to be reversing after tapping into liquidity, this can be a good area to enter a trade. The same area can be used as a take profit level also. The indicator identifies previous high/lows in two ways: 1. previous high/lows using 'PIVOT POINTS'. Pivots are easy to spot and are obvious within a price trend. Also called 'higher highs", "lower lows" etc. The number of candles required to form the pivot point can be adjusted in the script settings. see below example of pivot point and stop hunt: www.tradingview.com see how price reversed upwards after stop hunt on pivot point above. 2. previous candle high/lows. A previous candles high and low are also good areas of liquidity. see below example of previous candle stop hunt: see how price reversed upwards after stop hunt on previous candle low above. Personally, I use the pivot point stop hunts on lower timeframes and previous candle stop hunts on higher timeframes. However users can adjust on which timeframes to show the indicator depending on their own trading style. As ever all items within 'settings' are customizable. The indicator is by no means a 'trading strategy' and users should be fully aware of the stop hunt concept and have conducted extensive back-testing before using with 'live' accounts. The indicator may also serve as a 'teaching aid' to new students and as a reminder to more experienced traders.
Pine Script®指標
由malk1903提供
4
Trade Exit Calculator [MarketSignalsPro]█ OVERVIEW This Pine Script calculates a Stop Loss and Take Profit order suggestion based on the Average True Range (ATR). This provides a market generated visual reference for the user to better gauge risk and profit potential for their trades. This is not a trade signal system, it is a tool best used in conjunction with an existing system. █ FEATURES Inputs: stopLossMultiplier and takeProfitMultiplier : These are input parameters that allow the user to adjust the multiplier for calculating stop loss and take profit levels. longIndicator : This input parameter determines whether the script is calculating levels for a long setup (buy) or a short setup (sell). Variable Initialization: Various variables are initialized to manage labels, lines, and calculated stop loss and take profit levels. ATR (Average True Range) is calculated using a period of 14. Calculation of Stop Loss and Take Profit: Depending on the value of longIndicator stop loss and take profit levels are not calculated the same way. For long setups, stop loss is calculated below the closing price and take profit above, while for short setups, it's the opposite. The calculation involves multiplying the ATR value by the user-defined multipliers and adding or subtracting from the closing price accordingly. Plotting Lines: Lines representing the calculated stop loss, take profit, and entry price are plotted on the chart. Displaying Labels: Labels displaying the calculated stop loss, take profit, and entry price are shown on the chart alongside the respective lines. Updating and Deleting Objects: Existing lines and labels are updated or deleted to ensure only the most recent levels are displayed on the chart. Final Output: The script outputs visual representations of stop loss, take profit, and entry price levels on the chart, providing traders with guidance for risk management and profit-taking strategies based on the volatility of the market. █ CONCLUSION In summary, this Pine Script enhances trading strategies by calculating and illustrating stop loss and take profit levels based on the Average True Range indicator, offering traders a structured way to manage risk and profit potential. █ THANKS Special thanks to Cryptosnagger for taking the time to build this Pine Script and share it freely with the community.
Pine Script®指標
由MarcPMarkets提供
2
BlackPika Supertrend Public v2Hello Reader! What is Supertrend indicator ? The Supertrend Indicator is a popular technical analysis tool designed to assist traders in identifying market trends. The indicator combines the average true range (ATR) with a multiplier to calculate its value. This value is then added to or subtracted from the asset’s closing price to plot the supertrend line. The Supertrend Indicator can help identify trends, manage risk, and confirm market tendencies. The indicator is limited by its lagging nature, is not very flexible, and can send up false signals. The Supertrend Indicator has become a staple for traders in stocks, currencies, and commodities for its ability to identify and follow market trends. About this script: This script is based on the SuperTrend. There are some extra things added to make it able to use more efficiently. They are listed below: 1. Pullback signals: These signals indicate a pull back after a trend reversal and are the most optimum places where you can add to your existing position. They also come with Alerts ! 2. Trailing Stop Loss and Take Profit: These further help to reduce the draw-down and can help you to trail profits with more granularity thus securing gains. This are using RSI levels. RSI levels above 70 will indicate a partial take profit when long and RSI levels below 25 will indicate a take profit level when short. How to use ? ---------------- Personally I use it on major pairs on cryptocurrencies like BTCUSD . Usually after the trend flips, there will be pullbacks, You can enter a part of the position when trend reversal is confirmed. (LONG signal) Then add more when you get a pullback (PB_LONG signal). To make life simpler, alerts are added for pullback signals as well. These can help acheive good entry price. Entering at pullback signals limits your losses to a great extent, as the trend will flip on the bar close if it goes against you. You can trade manually or you can automate. All the signals have been provided with Alerts. some signals have been grouped, to reduce the number of the alerts if you wish to. I wish you all the luck and please comment and Like if you have any doubts.
Pine Script®指標
由pikachuventures提供
9
Simple Position SizerSimple Position Sizer is designed to calculate optimal position sizes based on a defined risk percentage and stop-loss level. It offers two modes for determining position size: using the current close price or a specified entry price. The script provides key trade details such as entry price, stop-loss level, quantity to trade, total cost, and risk amount in monetary terms, alongside visual indications of these parameters through colored lines and labels on the chart. Users can customize account size, risk per trade percentage, and entry and stop-loss levels directly within the settings. Usage Scenario: A trader looking to enter a position would first decide whether the entry is based on the current closing price or a predetermined level. After setting the stop-loss level and specifying the risk per trade as a percentage of the account size, the script calculates the number of shares or contracts to purchase. It also computes the total cost of the position and displays the potential loss if the stop-loss is triggered, allowing the trader to understand the risk involved before entering the trade. Visual Indicators: Green indicators suggest a long setup where the entry level is above the stop-loss, indicating bullish entry. Red indicators signal a short setup where the entry level is below the stop-loss, reflecting bearish entry Blue lines represent the entry level when specified by the trader, providing a visual cue for planned entries.
Pine Script®指標
由vinitpandya提供
[S1B] Leverage Take-Profit-LinesShort Description: The Leverage Take-Profit-Lines indicator assists traders in setting take-profit and stop-loss levels based on leverage, entry price, and risk percentage. It draws horizontal lines representing various take-profit levels and the stop-loss level on the chart, aiding traders in visually identifying potential exit points and managing risk. Detailed Description: The Leverage Take-Profit-Lines indicator is designed to provide traders with a visual representation of take-profit and stop-loss levels tailored to their leverage, entry price, and risk preferences. Key Features: Customizable Parameters: Traders can adjust parameters such as leverage, entry price, risk percentage, and whether to extend lines to suit their trading strategy. Take-Profit Levels: The indicator calculates and draws horizontal lines representing different take-profit levels based on the specified percentage of leverage-adjusted entry price. Stop-Loss Level: It calculates and displays the stop-loss level based on the specified risk percentage and leverage, helping traders manage risk effectively. Visual Representation: The indicator visually highlights take-profit and stop-loss levels on the chart, facilitating quick decision-making for traders. Usage Guide: Setting Parameters: Adjust the input parameters including leverage, entry price, risk percentage, and other settings according to your trading strategy. Interpreting Lines: Horizontal lines are drawn on the chart representing take-profit levels (TP1, TP2, TP3, TP4) and the stop-loss level. These lines indicate potential exit points and risk management levels. As an example the TP1 can be used to sell 10% of position size, TP2 20%, TP3 20% and TP4 20-40%. The Leverage Take-Profit-Lines indicator empowers traders with valuable insights into setting profit targets and managing risk effectively, contributing to more informed trading decisions.
Pine Script®指標
由S1l3n7b0b提供
1
Trend Signals with TP & SL [UAlgo]The "Trend Signals with TP & SL " indicator is a versatile tool designed to assist traders in identifying potential trend continuation opportunities within financial markets Utilizing a combination of technical indicators and user-defined parameters, this indicator aims to provide clear and actionable signals to aid traders in making informed trading decisions. 🔶 Features: Trend Continuation Signals : The indicator generates signals to identify potential trend continuation points based on the input parameters such as sensitivity, ATR length, and cloud moving average length. Take-Profit and Stop-Loss Levels: It calculates and plots three levels of take-profit (1R, 2R, 3R) and stop-loss levels based on the entry price of the trade. Short Position Example: Long Position Example: Visualization: The script visualizes the trend signals, entry points, take-profit levels, and stop-loss levels on the price chart, making it easier for traders to interpret the signals. Alert System: The indicator includes an alert system that notifies the user when there is a change in trend direction or when a buy/sell signal is generated. The alerts provide essential information such as entry price, take-profit levels, and stop-loss levels. 🔶 Calculations : Trend Calculation: Trend signals are determined based on the comparison between the current closing price and the upper and lower bounds calculated using the Average True Range (ATR) multiplied by a sensitivity factor. A trend is considered bullish if the closing price is above the upper bound and bearish if it's below the lower bound. Entry, Stop Loss, and Take Profit Calculation: Entry points for long and short positions are identified when there's a change in trend direction. Stop-loss levels are calculated as a percentage of the entry price, where users can define the percentage based on their risk tolerance. Take-profit levels are calculated as multiples of the stop-loss level (1R, 2R, 3R). Cloud Moving Averages: Simple moving averages (SMAs) are calculated for high and low prices over a specified period to create a "cloud" visualization on the chart. MACD Clouds: Moving Average Convergence Divergence (MACD) indicator is used to determine the market's momentum and trend direction. Positive and negative clouds are plotted based on the MACD line and its signal line, indicating potential bullish or bearish trends. Signal Generation: Buy and sell signals are generated based on specific conditions such as RSI, CMO (Chande Momentum Oscillator), and pivot points. Signals are triggered when certain criteria are met, indicating potential opportunities for entering or exiting trades. 🔶 Disclaimer: Use at Your Own Risk: Trading involves significant risk, and this script is provided for educational and informational purposes only. It does not guarantee profitable trades, and users should exercise caution and perform their own analysis before making trading decisions. Parameter Sensitivity: The effectiveness of the indicator may vary depending on the chosen parameters, market conditions, and timeframe. Users are encouraged to backtest the script thoroughly and adjust the parameters according to their trading preferences. Not Financial Advice: The information provided by this script should not be considered as financial advice. Users are solely responsible for their trading decisions and should consult with a qualified financial advisor if needed. Backtesting and Validation: Before implementing this indicator in live trading, users are strongly encouraged to conduct rigorous backtesting and validation to assess its performance under various market conditions. Past performance is not indicative of future results, and users should carefully evaluate the effectiveness of the indicator based on their individual trading preferences and risk tolerance.
Pine Script®指標
由UAlgo提供
48
SHIBO V6.0**SHIBO v6 - Fibonacci Impulse Analysis Indicator** *By Shahab Sadeghi (@shahabs2004)* **Overview:** Welcome to SHIBO v6, a revolutionary Fibonacci Impulse Analysis Indicator designed to harness the power of a unique chart pattern. The script employs a reverse Fibonacci methodology to identify powerful impulses that first reach Fibonacci level 0.382, experience a correction, and then continue toward Fibonacci level 1. This description delves into the intricacies of how the script calculates precise price targets based on this distinctive pattern. keep in mind that this Indicator is based on this Idea that each Impulse have its own support and Resistant Levels(stop loss and Target) **Key Features:** 1. **Reverse Fibonacci Calculation:** SHIBO v6 introduces a novel approach to Fibonacci analysis. Instead of the conventional method where price targets are set from Fibonacci 0 to 1, this script calculates the distance price moves towards Fibonacci 1 from 0.382. This innovative technique identifies potential reversal and continuation zones with unparalleled accuracy. 2. **Impulse and Correction Identification:** Users play a pivotal role in recognizing high-probability trading opportunities. The script requires manual selection and marking of powerful impulses, focusing on identifying corrections and anticipating potential reversal zones within these impulses. 3. **Optimized Fibonacci Levels:** Leveraging the reverse Fibonacci approach, the script dynamically computes and draws Fibonacci retracement levels (R1, R2, R3) based on the calculated distance the price has moved towards Fibonacci 1. These levels serve as strategic benchmarks, offering insights into potential price movements and areas of interest. 4. **Dynamic Line Drawings:** SHIBO v6 features dynamic line drawings, including impulse start and end points, Fibonacci levels, and stop-loss levels. These visual elements facilitate a comprehensive understanding of the analysis, assisting users in making well-informed trading decisions. 5. **Informative Table Display:** A dedicated table provides crucial information, including impulse start and end points, Fibonacci levels, and percentage deviations from the current price. This table enhances the user's grasp of the analyzed data, fostering effective decision-making. 6. **Prefix Identification:** Users employing multiple SHIBO indicators on a chart can use the Prefix input to assign a unique identifier to each instance. This streamlines the analysis process, particularly when dealing with multiple instances of the indicator. **How the Script Calculates Targets:** 1. **Impulse Recognition:** Users manually identify a robust impulse in the price movement, signifying a potential trend change or continuation. 2. **Correction Confirmation:** Anticipate or confirm the start of a correction phase within the selected impulse. Corrections often occur after a strong price movement. 3. **Manual Setting of IS and IE Points:** Set the impulse start (IS) and end (IE) points manually based on the identified impulse and correction. 4. **Fibonacci Level Calculation:** The script dynamically calculates Fibonacci levels (R1, R2, R3) based on the distance the price has moved towards Fibonacci 1 from 0.382. These levels serve as potential targets and areas of interest. 5. **Visual Representation:** The script visually represents the calculated levels through dynamic line drawings, providing a clear picture of potential reversal and continuation zones. **Advanced Usage (Pro Users):** - **Customizable Line Drawings:** Explore the commented-out lines in the script for additional functionalities and customization options for line drawings. Pro users can tailor the script to align with unique trading strategies. **Disclaimer:** Trading carries inherent risks, and SHIBO v6 introduces a distinctive approach to technical analysis. Exercise caution, conduct thorough analysis, and consider risk management strategies before making trading decisions. Past performance does not guarantee future results. **Support and Feedback:** Join the community of traders committed to refining strategies based on reverse Fibonacci impulse analysis. Share your experiences, insights, and suggestions to contribute to the continuous improvement of SHIBO v6. **how Calculations Goes ?** Imagine you're analyzing a stock price: IS (Initial Start Price): Let's say the stock price starts at $100. IE (Initial End Price): After a significant movement, the price reaches $120. 1. Identify Fibonacci Retracement Levels: fi1 (0.382): This level suggests a potential retracement of 38.2% of the upward move. fi2 (0.5000): This level represents a 50% retracement, or halfway back to the starting price. fi3 (0.6180): This level represents the "Golden Ratio" and another potential support/resistance area. fi4 (0.7860): This level suggests a retracement of 78.6% and can also be used for stop-loss calculations. 2. Calculate Multiples: m1: Divide the final price ($120) by the starting price ($100) raised to the power of fi1 (120 / 100^0.382). This gives you a value we'll use later. m2: Similar calculation, but using fi2 instead of fi1. m3: Similar calculation, but using fi3 instead of fi1. 3. Calculate Target Prices: Take Profit (Resistance) TP1: Raise the value of m1 to the power of 1/(1-fi1). This gives you a potential upside target price based on the 38.2% retracement level. TP2: Similar calculation, but using m2 and fi2. TP3: Similar calculation, but using m3 and fi3. 4. Calculate Stop-Loss Levels: Stop loss(Support) SL1 or Support: Multiply TP1 by the starting price ($100) raised to the power of fi4. This gives you a potential downside stop-loss level based on the 78.6% retracement from TP1. SL2: Similar calculation, but using TP2 and fi4. SL3: Similar calculation, but using TP3 and fi4. 5. Calculate Midpoint Level: MID: Multiply TP1 by the starting price ($100) raised to the power of fi3. This gives you a potential support/resistance level halfway between TP1 and the starting price. Remember, these are just potential levels and not guaranteed. It's important to use other technical and fundamental analysis alongside Fibonacci retracements. Here's the breakdown of the steps and their results: 1. Fibonacci levels define potential support and resistance areas: The chosen Fibonacci levels (0.382, 0.5, 0.618, and 0.786) are often seen as potential zones where the price might stall or reverse after a strong move. 2. Multiples and target prices: The multiples (m1, m2, m3) represent price ratios based on different retracement levels. Target prices (TP1, TP2, TP3) are calculated by raising these multiples to specific exponents. These prices suggest areas where the price might encounter resistance after a retracement (not guaranteed predictions). 3. Stop-loss levels: Stop-loss levels (SL1, SL2, SL3) are based on the target prices and another Fibonacci level (0.786). They mark price points where a trader might exit a trade to manage risk if the price moves against them. Essentially, the calculations translate Fibonacci retracement levels into concrete price points for potential entry (targets) and exit (stop-loss) points. *Happy Trading and Empowered Analysis!*
Pine Script®指標
由shahabs2004提供
4
NY Open Breakout Strategy - High Liquidity & Favorable RRR Pine Description: The NY Open Breakout Strategy is an advanced Pine Script indicator tailored for the TradingView platform. This strategy is specifically designed to exploit the high liquidity found during the New York session opening in the Forex market. Its primary goal is to provide traders with an opportunity to engage in positions with lower risk and higher potential profits, thereby ensuring an advantageous risk-to-reward ratio (RRR). Core Objectives: Leveraging High Liquidity: Capitalizes on the significant market movements at the New York session opening, known for its high liquidity, to identify strong breakout signals. Achieving Favorable RRR: By setting strategic stop-loss and take-profit levels, the strategy aims for a higher RRR. This approach can lead to overall profitability, even if the win rate is lower than the loss rate. Functionality: Dynamic Breakout Identification: Uses the first 15-minute candle’s high and low after NY open as benchmarks for detecting potential breakouts. Customizable Stop-Loss & Take-Profit: Provides options to configure stop-loss at the last swing or the previous candle’s close. The take-profit levels are determined based on a favorable risk-reward ratio. Visual Session Indicators: Includes distinct background coloring and vertical lines to mark the New York session for easy visibility. Methodology: This strategy hinges on the premise that the opening of the New York session often triggers key price movements due to an influx of trading activity. By focusing on these moments, our indicator aims to capture strong trends and breakout patterns. The carefully calibrated stop-loss and take-profit settings ensure that each trade aims for a higher potential reward compared to the risk undertaken. Unique Features: Enhanced Risk Management: With adaptable risk-reward settings, traders can tailor their trading strategies to align with individual risk appetites. Personalized User Experience: Offers a range of customizable settings for visual elements, allowing traders to adjust the look and feel of the indicator to their preferences. Usage Guidelines: Customize the indicator settings, including the stop-loss reference and risk-reward ratio, to match your trading style. Watch for 'Buy Enter' and 'Sell Enter' signals during the New York session opening. Utilize the displayed stop-loss and take-profit levels to effectively manage each trade. This NY Open Breakout Strategy is ideal for traders who prioritize efficient risk management while aiming to capitalize on the high liquidity periods of the Forex market. The strategy is designed to be robust, providing a pathway to profitability even in scenarios where the number of losing trades surpasses winning ones, thanks to its emphasis on a high risk-to-reward ratio.
Pine Script®指標
由Raajjaaa提供
4
ORB Algo | Flux Charts💎 GENERAL OVERVIEW Introducing our new ORB Algo indicator! ORB stands for "Opening Range Breakout" which is a common trading strategy. The indicator can analyze the market trend in the current session and give "Buy / Sell", "Take Profit" and "Stop Loss" signals. For more information about the analyzing process of the indicator, you can read "How Does It Work ?" section of the description. Features of the new ORB Algo indicator : Buy & Sell Signals Up To 3 Take Profit Signals Stop-Loss Signals Alerts for Buy / Sell, Take-Profit and Stop-Loss Customizable Algoritm Session Dashboard Backtesting Dashboard 📌 HOW DOES IT WORK ? This indicator works best in 1-minute timeframe. The idea is that the trend of the current session can be forecasted by analyzing the market for a while after the session starts. However, each market has it's own dynamics and the algorithm will need fine-tuning to get the best performance possible. So, we've implemented a "Backtesting Dashboard" that shows the past performance of the algorithm in the current ticker with your current settings. Always keep in mind that past performance does not guarantee future results. Here are the steps of the algorithm explained briefly : 1. The algorithm follows and analyzes the first 30 minutes (can be adjusted) of the session. 2. Then, algorithm checks for breakouts of the opening range's high or low. 3. If a breakout happens in a bullish or a bearish direction, the algorithm will now check for retests of the breakout. Depending on the sensitivity setting, there must be 0 / 1 / 2 / 3 failed retests for the breakout to be considered as reliable. 4. If the breakout is reliable, the algorithm will give an entry signal. 5. After the position entry, algorithm will now wait for Take-Profit or Stop-Loss zones and signal if any of them occur. If you wonder how does the indicator find Take-Profit & Stop-Loss zones, you can check the "Settings" section of the description. 🚩UNIQUENESS While there are indicators that show the opening range of the session, they come short with features like indicating breakouts, entries, and Take-Profit & Stop-Loss zones. We are also aware of that different stock markets have different dynamics, and tuning the algorithm for different markets is really important for better results, so we decided to make the algorithm fully customizable. Besides all that, our indicator contains a detailed backtesting dashboard, so you can see past performance of the algorithm in the current ticker. While past performance does not yield any guarantee for future results, we believe that a backtesting dashboard is necessary for tuning the algorithm. Another strength of this indicator is that there are multiple options for detection of Take-Profit and Stop-Loss zones, which the trader can select one of their liking. ⚙️SETTINGS Keep in mind that best chart timeframe for this indicator to work is the 1-minute timeframe. TP = Take-Profit SL = Stop-Loss EMA = Exponential Moving Average OR = Opening Range ATR = Average True Range 1. Algorithm ORB Timeframe -> This setting determines the timeframe that the algorithm will analyze the market after a new session begins before giving any signals. It's important to experiment with this setting and find the best option that suits the current ticker for the best performance. More volatile stocks will often require this setting to be larger, while more stabilized stocks may have this setting shorter. Sensitivity -> This setting determines how much failed retests are needed to take a position entry. Higher senstivity means that less retests are needed to consider the breakout as reliable. If you think that the current ticker makes strong movements in a bullish & bearish direction after a breakout, you should set this setting higher. If you think the opposite, meaning that the ticker does not decide the trend right after a breakout, this setting show be lower. (High = 0 Retests, Medium = 1 Retest, Low = 2 Retests, Lowest = 3 Retests) Breakout Condition -> The condition for the algorithm to detect breakouts. Close = Bar needs to close higher than the OR High Line in a bullish breakout, or lower than the OR Low Line in a bearish breakout. EMA = The EMA of the bar must be higher / lower than OR Lines instead of the close price. TP Method -> The method for the algorithm to use when determining TP zones. Dynamic = This TP method essentially tries to find the bar that price starts declining the current trend and going to the other direction, and puts a TP zone there. To achieve this, it uses an EMA line, and when the close price of a bar crosses the EMA line, It's a TP spot. ATR = In this TP method, instead of a dynamic approach the TP zones are pre-determined using the ATR of the entry bar. This option is generally for traders who just want to know their TP spots beforehand while trading. Selecting this option will also show TP zones at the ORB Dashboard. "Dynamic" option generally performs better, while the "ATR" method is safer to use. EMA Length -> This setting determines the length of the EMA line used in "Dynamic TP method" and "EMA Breakout Condition". This is completely up to the trader's choice, though the default option should generally perform well. You might want to experiment with this setting and find the optimal length for the current ticker. Stop-Loss -> Algorithm will place the Stop-Loss zone using setting. Safer = The SL zone will be placed closer to the OR High for a bullish entry, and closer to the OR Low for a bearish entry. Balanced = The SL zone will be placed in the center of OR High & OR Low Risky = The SL zone will be placed closer to the OR Low for a bullish entry, and closer to the OR High for a bearish entry. Adaptive SL -> This option only takes effect if the first TP zone is hit. Enabled = After the 1st TP zone is hit, the SL zone will be moved to the entry price, essentially making the position risk-free. Disabled = The SL zone will never change. 2. ORB Dashboard ORB Dashboard shows the information about the current session. 3. ORB Backtesting ORB Backtesting Dashboard allows you to see past performance of the algorithm in the current ticker with current settings. Total amount of days that can be backtested depends on your TV subscription. Backtesting Exit Ratios -> You can select how much of percent your entry will be closed at any TP zone while backtesting. For example, %90, %5, %5 means that %90 of the position will be closed at the first TP zone, %5 of it will be closed at the 2nd TP zone, and %5 of it will be closed at the last TP zone.
Pine Script®指標
由fluxchart提供
88
[KVA]Body Percentage Counter This indicator presents a comprehensive view of the historical candle data within user-defined body percentage ranges. Each column represents a specific body size percentage threshold, starting from as low as 0.01% and extending up to 20%. The rows categorize candles by their closing and opening price differences, effectively sorting them into green (bullish) and red (bearish) candles based on whether they closed higher or lower than their opening prices. First Row of the table is the bu For developers, this table can be immensely useful in determining stop-loss ranges. By analyzing the frequency of candles that fall within certain body percentage ranges, developers can better understand where to set stop-loss orders. For instance, if a developer notices a high frequency of candles with body sizes within a specific percentage range, they may choose to set their stop-loss orders outside of this range to avoid being stopped out by normal market fluctuations. Moreover, the indicator can be used to: Volatility Assessment : The indicator can be used to gauge market volatility. Smaller bodies may indicate consolidation periods, while larger bodies might suggest more volatile market conditions. Optimize Trading Strategies : Adjust entry and exit points based on the prevalence of certain candle sizes. Risk Management : Determine the commonality of price movements within a certain range to better manage risks. Backtesting : Use historical data to backtest how different stop-loss ranges would have performed in the past. Comparative Analysis : Traders can compare the frequency of different body sizes over a selected period, providing insights into how the market is evolving. Educational Use : For new traders, the indicator can serve as an educational tool to understand the implications of candlestick sizes and their relationship with market dynamics The data provided in this output can guide developers to make more informed decisions about where to place stop-loss orders, potentially increasing the effectiveness of their trading algorithms or manual trading strategies. The output of the " Body Percentage Counter" indicator is organized into a table format, which can be broken down as follows: Header (First Row) : This row lists the body percentage thresholds used to categorize the candles. It starts from 0.01% and increases incrementally to 20%. These thresholds are likely set by the user and represent the range of candle body sizes as a percentage of the total candle size. Green Candle Count (Second Row) : This row displays the count of green candles—candles where the close price is higher than the open price—that fall within each body percentage threshold. For example, under the column "0.01", the number 25 indicates there are 25 green candles whose body size is 0.01% of the total candle size. Red Candle Count (Third Row) : This row shows the count of red candles—candles where the close price is lower than the open price—for each body percentage threshold. The numbers in this row reflect the number of red candles that match the body percentage criteria in the corresponding column. Total Candle Count (Fourth Row) : This row sums the counts of both green and red candles for each body percentage threshold, providing a total count of candles that have a body size within the specific range. For instance, if under "0.01" the green count is 25 and the red count is 26, then the total would be 51. This organized data representation allows users to quickly assess the distribution of candle body sizes over a historical period, which is especially useful for determining the frequency of price movements that are significant enough to consider for stop-loss settings or other trade management decisions.
Pine Script®指標
由Kamvia提供
Liquidation Levels [LuxAlgo]The Liquidation Levels indicator aims at detecting and estimating potential price levels where large liquidation events may occur. By analyzing liquidation Levels, traders can identify potential support & resistance levels, identify stop-loss levels, and gauge market sentiment and potential areas of price volatility. 🔶 USAGE Liquidation refers to the process of forcibly closing a trader's leveraged positions in the market. It occurs when a trader's margin account can no longer support their open positions due to significant losses or a lack of sufficient margin to meet the maintenance margin requirements. Liquidation events happen at all times and the script focuses on detecting the most significant ones. Bubbles will appear on the relevant price bar when larger trading activity has been detected. Larger bubbles represent more significant potential liquidation levels. The lines attached to the bubbles represent the liquidation zones at that price. These liquidation levels are based on clusters of price points where highly leveraged traders open long or short positions. High leverage is identified as 100x, 50x, and 25x leverages used for both long and short positions. The script allows users to either remove or customize leverage levels. Price generally heads towards zones or clusters of liquidity. 🔶 SETTINGS 🔹Liquidation Levels Reference Price: defines the base price in calculating liquidation levels. Volume Threshold: The volume threshold is the primary factor in detecting the significant trading activities that could potentially lead to liquidating leveraged positions. Volatility Threshold: The volatility threshold option is the secondary factor that aims at detecting significant movement in the underlying asset’s price with relatively lower trading activities that could potentially also lead to liquidating high-leveraged positions. Leverage Options: The leverage options are where the trader will set the desired leverage value and customize the potential liquidation level colors. Hide Liquidation Bubbles: Toggles the visibility of the bubbles. Hide Liquidation Levels: Toggles the visibility of the lines. 🔶 RELATED SCRIPTS Liquidity-Sentiment-Profile Buyside-Sellside-Liquidity
Pine Script®指標
由LuxAlgo提供
18
Auto Trailing stoploss By InvestYourAsset💥The Auto Trailing Stop-Loss indicator is a technical indicator that uses the ATR (Average True Range) to calculate a trailing stop-loss for both long and short positions. 💥The signals according to the indicator allows traders to exit from the position before its too late! The indicator can be used to determine when to enter and exit trades. 💥To use the indicator, you simply need to set the input parameters to suit your trading style and risk tolerance. The default values for the parameters are: p: The ATR period (14) q: The stop period (20) x: The multiplier used to calculate the initial high and initial low (1.5) Calculations: 📈Calculates the ATR using the specified period you can modify ATR period according to your trading style. 📈Calculates the initial high and low stop levels based on the highest high and lowest low over the user defined ATR period. 📈Calculates short and long stoploss levels using the initial high and low stops. 💥Once you have set the input parameters according to your trading style whether you are a day trader or a swing trader, the indicator will plot the short stoploss, long stoploss, and stoploss hit signals on your chart. 💥You can use the indicator to enter and exit trades in a various ways. For example, 🚀 you could enter a long trade when the price crosses above both red and green lines plotted on the chart. (or when price crosses over both short stoploss and long stoploss.) You could also use the indicator to secure your profits by moving your stop-loss up as the price moves in your favor. Here is an example of how you could use the indicator to enter and exit trades: 🚀Enter a long trade when the price crosses above the red line or short stoploss. ✅keep Moving your stop-loss upward with the long stoploss or green line. ✅Exit the trade when the price crosses below the long stoploss or green line. 💥You can also use the indicator to protect your existing trades. For example, if you are already in a long trade, you could move your stop-loss up to the short stop when the price moves up 10%. This will help you to protect your profits in case the price starts to move against you. 💥💥some additional tips for using the Auto Trailing Stop-Loss indicator: ✅Use the indicator in conjunction with other technical indicators or your own trading strategy to generate entry and exit signals. ✅Backtest your trading strategy before using it live to make sure that it is profitable. ✅Use the indicator to protect your profits by moving your stop-loss up as the price moves in your favor. ✅ Always follow risk management rules and manage your position sizing according to your risk appetite. ✅ Be aware of the overall trend direction. If the trend is up, you should be looking for bullish reversals or continuations. If the trend is down, you should be looking for bearish reversals or continuations. This script essentially provides a visual representation of a trading strategy that automatically adjusts stop-loss levels based on market volatility (ATR). It also includes signals for entering long or short positions and visually highlights these signals on the chart. 📣📣Follow us for timely updates regarding future indicators and give it a like if you appreciate the work.📣📣
Pine Script®指標
由InvestyourAsset提供
2
Bracket Trading VisualizerThe Bracket Trading Visualizer highlights locations in the past when a bracket trade would of won. 🔶 Purpose Show the opportunities a trader had in the past to give a intuitive idea of how to trade the chart. 🔶 How It Works Red color indicates the location a Short would of won. Green color indicates the location a Long would of won. Yellow color indicates the location a Long OR Short would of won. Empty color indicates the location a Long OR Short would of Lost. Empty color also indicates undecided, especially on the latest candles as the future has not been drawn yet. 🔶 What Is A Bracket Trade? A bracket trade is when your take profit and stop loss are automatically set on entry. Example: Take profit is set to 1%, Stop loss is set to 1%, when entering a trade the take and stop will set above and bellow the entry price by 1% each. 🔶 More Info The default Take%/Stop% need to be increased for higher time frames as each candle moves larger distances. The indicator crawls from left to right on each candle to check what part of that candle was a win for longs and shorts. This Indicator updates past data based on current information, so empty areas are being filled in as new candles are created. Because of pinescript limitations the script can only see 375 bars into the future. If a trade takes longer then 375 bars to finalize it will be empty color. 🔶 Theme Setup It wont look as good with basic candles so set candles to "Bars" and color them white. 🔶 Experiments Set a take profit larger then the stop loss and look at the opportunities, notice how there are Less. Set a Stop Loss larger then the take profit and look at the opportunities, notice how there are More, including yellow overlaping. 🔶 Settings Take %: Take Profit percent distance from the entry price Stop %: Stop Loss percent distance from the entry price Commission %: Commission is calculated twice for entry and exit. A 0.03% commission will increase take profit by 0.06% and decrease stop loss by 0.06%. Calculation Bars Back: If you need to see more candles into the past increase this number, its purpose is to speed up calculation time, Higher number is slower. Also if things aren't drawing properly zoom out all the way then zoom back in. 🔶 Community I hope you guys find this useful, if you have any questions or feature requests leave me a comment! Take care :D
Pine Script®指標
由lightprogramming提供
1
Moving Average With Risk:Reward**Title: A Detailed Guide to Using the Moving Average With Risk:Reward Indicator** The dynamic world of financial markets offers a myriad of opportunities for market participants to make profitable trades. However, to unlock these opportunities, traders require reliable tools to guide their decisions, tools such as technical indicators. One such indicator is the 'Moving Average With Risk:Reward' Indicator, a versatile tool that combines the simple moving average (SMA), exponential moving average (EMA), Average True Range (ATR) indicator, and automated entry, stop-loss, and take-profit markers to provide a comprehensive analysis of market trends. This article aims to detail the use and interpretation of this indicator. **Understanding the Building Blocks** 1. **Moving Averages (SMA & EMA):** Moving averages are arguably some of the most common tools used by traders worldwide. They help smooth out price data to form a trend following indicator. Our custom indicator utilizes both a 21-period SMA, which averages the closing prices of the past 21 periods, and a 9-period EMA, which gives more weight to recent prices. The difference in sensitivity between these two moving averages forms the basis of our trade signals. 2. **Average True Range (ATR):** The ATR is an essential component of our indicator. It measures market volatility by decomposing the entire range of an asset price for that period. It plays a critical role in determining the stop loss and take profit levels in our indicator, as detailed later. **How the Indicator Works** Our custom indicator works by generating buy or sell signals based on crossover and crossunder events between the SMA and EMA. A crossover occurs when the EMA (more sensitive to recent prices) crosses above the SMA, indicating upward momentum and hence triggering a buy signal. Conversely, a crossunder, where the EMA moves below the SMA, indicates increasing downward momentum and generates a sell signal. Upon the generation of a signal, the indicator draws lines on the chart to represent the entry point, stop loss, and take profit levels. The user has the freedom to adjust the color of these lines for visual clarity. The script will also delete previous lines whenever a new signal is generated to avoid clutter and confusion. **Determining the Stop Loss and Take Profit Levels** Our custom indicator uses the ATR and a predetermined multiplier to calculate stop loss and take profit levels, thus incorporating market volatility into these critical decisions. The user can input their preferred multiplier for both stop loss and take profit. Stop Loss (SL): SL is set at a level that is the ATR value multiplied by the stop-loss multiplier subtracted from (for a long position) or added to (for a short position) the closing price. Take Profit (TP): Conversely, TP is set at a level that is the ATR value multiplied by the take-profit multiplier added to (for a long position) or subtracted from (for a short position) the closing price. These SL and TP levels get plotted as horizontal lines on the chart, extending to the right. Labels are also placed to easily identify these levels. **Making the Most of the Indicator** A significant advantage of this indicator lies in its simplicity and clarity. Traders can clearly see the entry point, stop loss, and take profit levels on the chart. They can modify these levels based on their risk tolerance or trading strategy. The combination of SMA and EMA offers the best of both worlds, with SMA providing a lagging, stable trend indication and EMA offering a more responsive indication to recent price changes. The indicator's use of ATR for SL and TP settings also ensures that these levels adapt to changing market volatility. It is essential to remember that while this indicator can be an invaluable tool in a trader's arsenal, it is not infallible. Markets can often behave unpredictably, and even the most robust and reliable indicators can occasionally generate false signals. Therefore, traders should always employ sound money management strategies and use this indicator in conjunction with other technical analysis tools and fundamental analysis to confirm signals and make informed trading decisions. In conclusion, the Moving Average With Risk:Reward indicator provides a comprehensive and versatile tool that can significantly enhance trading strategies. Its integration of trend-following moving averages, volatility-adjusted stop loss and take profit levels, and clear chart visualizations make it a potent tool in the financial markets. By fully understanding how to interpret and utilize this indicator, traders can navigate the markets with increased confidence and precision.
Pine Script®指標
由Harry-8FX提供
2
VIX Monitor [Zero54]NSE:BANKNIFTY1! This is a simple but invaluable tool for both day traders and positional traders. VIX is about market expectations of volatility The VIX is a very good and sound measure of risk in the markets. It gives these stock traders who are in intraday trading and short term traders an idea of whether the volatility is going up or going down in the market. They can calibrate their strategy accordingly. When the volatility is likely to shoot up sharply, the intraday traders run the risk of stop losses getting triggered quickly. Hence they can either reduce their leverage or they can widen their stop losses accordingly. Also if you notice VIX is a very good and reliable gauge of index movement. If you plot the VIX and the Nifty movement you will see a clear negative correlation in the charts itself. Markets typically tend to peak out when the VIX is bottoming out and the markets tend to bottom out when the VIX is peaking out. This is a useful input for index trades. You can use this simple indicator to monitor VIX real time. You can use it for short time frame intraday and also multi-hour, multi-day charts. You can also plot a moving average to gauge the VIX trend. Also is the ability to monitor, Nifty and BankNifty the same way you are able to monitor the VIX (as explained above). The overall market moves in correlation with these main Indexes. So if you are trading a specific counter, you can also keep an eye on the index to get an idea where the counter may be going next. The source code is open, please feel to modify or re-use as you feel it’s necessary. Any changes, improvements, bugs, please let me know. Please like/boost this indicator and also add your comments, if you find it useful.
Pine Script®指標
由zero54提供
1
Position Size Calculator (EzAlgo)Upon adding the indicator to the chart, you will be prompted to place entry price lines, stop loss price line, and multiple take profit price lines by clicking at the desired price level on the chart. Section Summaries Table Settings: Allows users to select position and font size from drop-down menus. Displays current settings and potential profit/loss values. Price Points: Users can set their Entry and select whether they want to include a DCA entry, Stop Loss price, Liquidation Buffer %, Take Profit levels and the amount of position to close at each level. Risk Management: Users fill out their Account Size, set their Risk % (or fixed $ amount) for each Entry, set Manual Leverage, or allow the indicator to automatically choose the leverage based on the Stop Loss price distance from Entry and the Risk % per Entry. User-Input Descriptions DCA Price: The price at which users initiate their second, equally sized and leveraged position when using a Dollar-Cost Averaging (DCA) strategy. Upon reaching the DCA Price, the Entry Price adjusts to the Avg Price, calculated as the midpoint between initial and DCA entries. Liquidation Buffer: A pre-set percentage that determines how close to the Stop Loss a position can get before it's liquidated. This assists the Auto Leverage feature in optimizing the leverage amount according to risk tolerance. Risk per Entry: The proportion of the account, in % or a fixed dollar amount, that users are willing to risk for each trading position. If DCA is checked, this will assume users are entering with half of the total position size per entry. Automatic Leverage: Auto Leverage automatically determines the optimal leverage level for a trade based on the user's Stop Loss price distance from the Entry point and the user-defined risk percentage per Entry. It also considers a user-defined Liquidation Buffer, which is a preset percentage determining how close to the Stop Loss a position can get before it's liquidated. This tool allows traders to optimize their leverage amount according to their risk tolerance. Max Leverage: The highest leverage level users are willing to use, even if the exchange permits higher. This limit applies when the Auto Leverage feature is enabled.
Pine Script®指標
由EzAlgo提供
15
Anchored VWAP Pinch & Handoff, Intervals, and Signals"Anchored VWAP Pinch & Handoff, Intervals, and Signals" is an AVWAP toolbox for those who like to use various VWAP trading techniques. The indicator is currently comprised of the following three sections: • The Pinch & Handoff section (shown above on chart) allows manually setting an upper and lower AVWAP (Pinch) along with an additional AVWAP (Handoff) by entering dates or by dragging the vertical anchor lines to the desired significant events on chart. Each of these three AVWAPs can also be set to show zones above and/or below by a percentage or standard deviation amount. The theory behind this method is that the upper and lower AVWAPs may act as dynamic support and resistance levels, effectively creating a price range or channel. As price moves between these two VWAP levels, it becomes squeezed or consolidated within that range. Further conjecture is that the longer the price remains within the range of the two anchored VWAP values, the higher the potential for an explosive breakout. Traders using this strategy may interpret the prolonged consolidation as a period of price compression, with the expectation that a significant move in either direction is likely to occur. Traders employing the AVWAP Pinch strategy might look for specific chart patterns or additional confirmation signals to enter a trade. For example, a breakout above the upper anchored VWAP level could trigger a long trade, while a breakdown below the lower anchored VWAP level could signal a short trade. Stop-loss orders and profit targets are typically set based on the trader's risk tolerance and the volatility of the asset. The third AVWAP (Handoff) is typically set after price has broken through the Pinch, and is used as a new level of support or resistance. The "Pinch & Handoff" phrase is believed to have been coined by Brian Shannon, who has popularized this method. • The Intervals section (shown above on chart) is comprised of six periodic AVWAPs which cyclically reset. Their default settings are 1 Day, 2 Days, 1 Week, 1 Month, 1 Quarter, and 1 Year. They each may be set to desired period and when they are enabled the VWAPs whose periods are lower than the current chart timeframe are automatically hidden. For example a 1 Day AVWAP is not useful on a 1 Week chart so it would be hidden from that timeframe. When using AVWAPs from higher timeframes it may be helpful to set your chart to "Scale price chart only". This can be enabled by right clicking on your chart's price column and then left clicking "Scale price chart only" to enable that option. • The Auto section (shown above on chart) is comprised of two automatic Anchored VWAPs. There are choices for setting anchors automatically based upon Highest Source, Highest Volume, Lowest Source, Lowest Volume, Pivot High, and Pivot Low. Because these two VWAPs work retroactively they are drawn with lines instead of plots. There is currently a limitation of 500 lines that may be drawn at any given time and the logic within this indicator uses a line for every bar of VWAP that is drawn, so if the combined length of both of these VWAPs exceeds 500 bars the earliest lines would disappear. For typical use of looking for the highest high in the last 50 bars or the last fractal this limitation should not be an issue. --- All of the plots have been titled including hidden plots that are generated for the AVWAP line drawings. All of the various types of AVWAP within the indicator should be available as choices within the Alert creation dialog if use of alerts is desired. --- NOTICE: This is an example script and not meant to be used as an actual strategy. By using this script or any portion thereof, you acknowledge that you have read and understood that this is for research purposes only and I am not responsible for any financial losses you may incur by using this script!
Pine Script®指標
由allanster提供
42
Pro Trading Art - Head And ShouldersHow the Script Works: 1. The script identifies potential Head and Shoulders patterns by searching for specific pivot highs and pivot lows in the price data. 2. It checks for the presence of a left shoulder, head, and right shoulder based on the conditions defined in the script. 3. If a valid Head and Shoulders pattern is found, the script plots lines and labels on the chart to visualize the pattern. 4. The script also identifies Inverted Head and Shoulders patterns using similar logic but with different conditions. 5. It plots lines and labels for the Inverted Head and Shoulders pattern. 6. The script generates short and long conditions based on the patterns. Short conditions trigger when the close price crosses below the neck level of a Head and Shoulders pattern, while long conditions trigger when the close price crosses above the neck level of an Inverted Head and Shoulders pattern. 7. It plots sell and buy signal shapes on the chart when the short and long conditions are met, respectively. 8. The script can also trigger alerts to notify the user when a valid Head and Shoulders or Inverted Head and Shoulders pattern is detected. 9. The script provides visual cues on the chart to help users identify potential trading opportunities. 10. The logic and parameters of the script can be modified by the user to customize the behavior and adapt it to different trading strategies. How Users Can Make Profit Using This Script: 1. Identify potential short-selling opportunities: When a valid Head and Shoulders pattern is detected and a short condition is met, it indicates a potential trend reversal. Traders can consider opening short positions to profit from a downward price movement. 2. Identify potential long-buying opportunities: When a valid Inverted Head and Shoulders pattern is detected and a long condition is met, it suggests a potential trend reversal. Traders can consider opening long positions to profit from an upward price movement. 3. Combine with additional analysis: Users can utilize this script as a tool in their overall trading strategy. They can combine the signals generated by the script with other technical indicators, fundamental analysis, or market sentiment to make more informed trading decisions. 4. Define appropriate entry and exit points: Traders can use the lines and labels plotted by the script to determine entry and exit points for their trades. For example, they may choose to enter a short position after the price crosses below the neck level and exit when the price reaches a predetermined target or when the pattern is invalidated. 5. Set risk management measures: It is important for users to implement proper risk management strategies when trading based on the script's signals. They should define stop-loss orders to limit potential losses if the trade goes against them and consider setting profit targets to secure profits when the trade moves in their favor.
Pine Script®指標
由protradingart提供
9
TradeEasy - KintroThe TradingView script provided is a custom indicator named "TradeEasy - Kintro". It is created by the author Kintro and is designed to help traders identify potential buy and sell signals in the market. The indicator is based on the Exponential Moving Average (EMA) and uses two different EMAs, one with a period of 20 and the other with a period of 50. The indicator is meant to be used on the 5-minute timeframe and it is recommended to use TradingView in Dark Mode for better appearance. The author also reminds users that no strategy works 100% accurately and backtesting should be done before trading with a real account. The author is not responsible for any losses incurred by traders. The indicator uses a simple set of rules to generate trading signals. The thick line on the chart represents the 50 EMA while the thin line represents the 20 EMA. When the thin line crosses upwards over the thick line, it indicates a bullish signal. After the crossover, traders are advised to wait for the price to pullback between the two lines. A range should then be created while the price moves through the thin line. On the break of the range, an entry signal is generated, and the stop loss should be set below the range. The author advises traders to exit their profits according to their own analysis or price action and not to re-enter on the next pullback of the same trend. The same rules apply when the thin line crosses downwards over the thick line. The author emphasizes that range creation is mandatory on crossing and that traders should not try to go against the trend. If the price is above both lines, traders should only go for buy orders, and vice versa. If there is no range created while crossing, traders are advised not to enter the market. Traders should wait for the opportunity and not force a trade. The indicator also includes a plot of the 34 EMA, and a range is created above and below the price action using the "up" and "down" variables. The author uses the "fill" function to color the background of the chart to highlight the range. The "dummy" variable is used to plot circles above or below the price action, depending on the trend. In summary, the "TradeEasy - Kintro" indicator is a custom indicator designed to help traders identify potential buy and sell signals based on the crossing of two EMAs. The author provides a set of rules to generate trading signals and advises traders to wait for the opportunity and not force a trade. The indicator also includes a visual representation of the range created on the chart. As always, traders are advised to conduct their own research and analysis before entering any trades.
Pine Script®指標
由kintrotrades提供