Breakout ScannerThis is a Breakout Scanner that shows you the immediate trend across 4 higher timeframes for up to 10 different tickers. It calculates a score from 1 to 3 for bullish and -1 to -3 for bearish based on where price is currently at compared to the previous higher timeframe’s candle levels.
When price is breaking out of the previous higher timeframe candle’s range, then it will have a score of 3 for bullish breakout or -3 for bearish breakout. When price is above the high or below the low of multiple different higher timeframe candles, you can expect price to continue the breakout and move to a new area of price range.
The brighter red or green the color is, the stronger the trend is on that timeframe. When it shows a bright green or red box on the far right side of a ticker, it is notifying you that the ticker is bullish or bearish on all timeframes and trending strongly, so switch over to that chart and look to trade in the direction of that trend.
The tickers, colors and time frames can be customized to suit your preference and you can also turn off as many tickers or time frames as you’d like if you want less tickers or time frames to show up on the indicator. It also includes alerts for when all timeframes are bullish or all timeframes are bearish for one ticker.
Make sure to keep each timeframe set to a timeframe that is higher than your chart timeframe.
Bullish Scoring & Colors
If the current candle close is above the midline of the higher time frame candle, it is given a score of 1 and a dark green background. If the current candle close is above the higher timeframe candle body, then it is given a score of 2 and a medium green background. If the current candle close is above the high of the higher time frame candle, it is given a score of 3 and a bright green background.
The higher the score the stronger the bullish trend and the brighter green the color will be.
Bearish Scoring & Colors
If the current candle close is below the midline of the higher timeframe candle, it is given a score of -1 and a dark red background. If the current candle close is below the higher timeframe candle body, then it is given a score of -2 and a medium red background. If the current candle close is below the low of the higher timeframe candle, it is given a score of -3 and a bright red background.
The lower the score, the stronger the bearish trend and the brighter red the color will be.
Total Score Display
On the right side of the indicator table, there is a column that displays the total score by adding all the scores together so you can easily tell the overall strength of the trend across all timeframes. Wait for the trend score to be at least 75% of the possible score to trade so you can ensure you are only trading very strong trends and increase your probability of winning your trade. The total score will update according to how many time frames you have enabled in the settings. You can also turn on or off the total score count if you prefer. The default setting is off.
All Timeframe Trends Agree
When all of the timeframes that you have turned on are in the same direction at the same time, a green or red box will appear on the far right side of the scanner. This is a visual cue that lets you know the strongest trending markets without having to read any of the numbers. Make sure to check out the charts for the markets that have a green or red box on the far right side and look for potential trend trading opportunities.
Alerts
You can set alerts for when all time frames for a certain ticker are bullish or bearish. If you have some time frames turned off at the time of creating your alerts, then it will only require all time frames that are on to be all bullish or bearish to generate an alert. Make sure to set your alerts to once per bar close to ensure you don’t get premature alerts that aren’t yet valid.
Best Way To Use The Scanner
For best results, make sure you wait for the trend to show all bullish or all bearish at the same time and then look to trade in the direction of the strong trend. If you can be patient enough to do that, you will increase the probability of winning your trade because you are trading with the direction of the overall higher timeframe trend when the market is trending strongly and making new highs or lows.
When one of the markets in the scanner shows all timeframes trending, go to that chart and see how price action is reacting to the previous higher timeframe candle levels. You can see those levels easily by adding our Higher Timeframe Candle Levels indicator to your chart and using the same timeframes as your Breakout Scanner is using.
If price is holding the higher timeframe candle levels well, then look to place trades in the direction of the trend that the Breakout Scanner is showing.
Other Indicators To Pair This With
Use this in combination with our Higher Timeframe Candle Levels indicator so you can see all of these levels being used to calculate the trend strength scores and watch how price reacts to those levels. You should also use our Trend Strength Indicator to easily read the historical trends of price compared to the higher timeframes and use those trends to guide you on when to trade and which direction to trade.
Trend Strength Indicator, Higher Timeframe Candle Levels and the Breakout Scanner all use the same levels to calculate the trend scores so they are designed to work all together to help you quickly be able to read a chart and find what direction to trade in.
Strongtrend
AI Moving Average (Expo)█ Overview
The AI Moving Average indicator is a trading tool that uses an AI-based K-nearest neighbors (KNN) algorithm to analyze and interpret patterns in price data. It combines the logic of a traditional moving average with artificial intelligence, creating an adaptive and robust indicator that can identify strong trends and key market levels.
█ How It Works
The algorithm collects data points and applies a KNN-weighted approach to classify price movement as either bullish or bearish. For each data point, the algorithm checks if the price is above or below the calculated moving average. If the price is above the moving average, it's labeled as bullish (1), and if it's below, it's labeled as bearish (0). The K-Nearest Neighbors (KNN) is an instance-based learning algorithm used in classification and regression tasks. It works on a principle of voting, where a new data point is classified based on the majority label of its 'k' nearest neighbors.
The algorithm's use of a KNN-weighted approach adds a layer of intelligence to the traditional moving average analysis. By considering not just the price relative to a moving average but also taking into account the relationships and similarities between different data points, it offers a nuanced and robust classification of price movements.
This combination of data collection, labeling, and KNN-weighted classification turns the AI Moving Average (Expo) Indicator into a dynamic tool that can adapt to changing market conditions, making it suitable for various trading strategies and market environments.
█ How to Use
Dynamic Trend Recognition
The color-coded moving average line helps traders quickly identify market trends. Green represents bullish, red for bearish, and blue for neutrality.
Trend Strength
By adjusting certain settings within the AI Moving Average (Expo) Indicator, such as using a higher 'k' value and increasing the number of data points, traders can gain real-time insights into strong trends. A higher 'k' value makes the prediction model more resilient to noise, emphasizing pronounced trends, while more data points provide a comprehensive view of the market direction. Together, these adjustments enable the indicator to display only robust trends on the chart, allowing traders to focus exclusively on significant market movements and strong trends.
Key SR Levels
Traders can utilize the indicator to identify key support and resistance levels that are derived from the prevailing trend movement. The derived support and resistance levels are not just based on historical data but are dynamically adjusted with the current trend, making them highly responsive to market changes.
█ Settings
k (Neighbors): Number of neighbors in the KNN algorithm. Increasing 'k' makes predictions more resilient to noise but may decrease sensitivity to local variations.
n (DataPoints): Number of data points considered in AI analysis. This affects how the AI interprets patterns in the price data.
maType (Select MA): Type of moving average applied. Options allow for different smoothing techniques to emphasize or dampen aspects of price movement.
length: Length of the moving average. A greater length creates a smoother curve but might lag recent price changes.
dataToClassify: Source data for classifying price as bullish or bearish. It can be adjusted to consider different aspects of price information
dataForMovingAverage: Source data for calculating the moving average. Different selections may emphasize different aspects of price movement.
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Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
%R Trend Exhaustion [upslidedown]I love Williams %R! This indicator mixes two %R periods... a standard %R with a longer period %R. The longer period of 112 has interesting results for trend following strategies in the crypto market through backtesting.
Alone these are fairly ordinary but together they provide a very interesting trend exhaustion/reversal system while filtering out some noise. I have highlighted key areas of interest with filled boxes. An "area of interest" is when there is confluence between the short and long period %R values along with being overbought or oversold. Once there is a break in the overbought or oversold trend, an arrow will print.
This is one of my odder ideas that appears to have some merit and detects interesting tops or bottoms (or confirms a trend reversal) so I'm publicly publishing for the community to find. If you find this useful please reach out and let me know how you use it as it's fairly unique... and thus different than anything I've ever seen or used.
Function : Know Sure Thing ! (KST)Firstly : Know Sure Thing, or KST , is a momentum oscillator developed by Martin Pring to make rate-of-change readings easier for traders to interpret. In a 1992 Stocks and Commodities article, Mr. Pring referred to the indicator as "Summed Rate of Change ( KST )," but the KST term stuck with technical analysts. The indicator is relatively common among technical analysts preferring momentum oscillators to make decisions.
References : Investopedia (www.investopedia.com )
Let's start :
Simply :
KST : Above point 0 means long position (positive zone), below point 0 (negative zone) means short position.
I liked this indicator more than RSI because we can evaluate the breaking points of the channels we draw on the indicator according to the regions.
Plus area (positive area), breaking the channel upwards may indicate a very strong rise, and minus area (negative area) the channel downwards may indicate a very strong fall.
As a person who is very keen to identify major trends in advance, I like the KST indicator to approach the target quickly and simply. I also find it very successful in terms of divergences.
CAUTION : This indicator has been written before many times on TV. I have no effort on it. I saved loads only for variable periods. But I have enough experience to say that you are successful in trends with KST . Nevertheless, do not use it alone, as other promoters may benefit.
For example , I divided the standard periods into 4 as in the script. With a correct adaptive period, it has the potential to contribute greatly to accurate moves! You can use with mutable variable periods. Abundant trend lines can be drawn on the indicator and divergences between price and indicator can be sought. Best regards!
ADX Di+ Di- [Gu5]Fill indicates Strong Trend
Cross indicates End of Trend
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El relleno indica una fuerte tendencia cuando el Di supera "Level Trend"
El cruce de Di+ con Di- indica el fin de la tendencia
Cuando el valor del ADX es menor a "Level Range", estamos en Rango
Stiffness IndicatorThis indicator was originally developed by Markos Katsanos (Stocks & Commodities, V.36:12 (November, 2018): "The Stiffness Indicator").
Like and follow for more open source indicators!
Happy Trading!
[naoligo] Didi's Needle - Agulhada do DidiEN-US
This indicator was created based on the famous 'Agulhada do Didi', created by the mythological Odir Aguiar. It has a very simple operation and can be applied in any graphical time, but the idea is that the longer the time, the better, following the classical Technical Analysis, that trends in larger graph times are stronger.
The candles are duly marked by arrows indicating the possible direction of the movement, being yellow when it is preparation and blue (bullish) or oranges (bearish). Moving averages are plotted only in such candles, to serve for analysis of their positions.
Comment if you have any questions, criticisms or suggestions.
Have fun!
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PT-BR
Esse indicador foi criado com base na famosa 'Agulhada do Didi', criada pelo mitológico Odir Aguiar. Possui funcionamento bem simples e pode ser aplicado em qualquer tempo gráfico, mas a idéia é que quanto maior for o tempo, melhor, seguindo a Análise Técnica clássica, de que tendências em tempos gráficos maiores são mais fortes.
Os candles são devidamente marcados por setas indicando a possível direção do movimento, sendo amarelas quando for preparação e azuis ( bullish ) ou laranjas ( bearish ). As médias móveis são plotadas apenas em tais candles, pra servir para análise de suas posições.
Comentem caso tenham qualquer dúvida, crítica ou sugestão.
Divirtam-se!
B3 Directional Trend IndexB3 Directional Trend Index ~ All about the trend! William Blau is the designer of this gem, and IMHO it is the best trend finder of all the lagging indicators out there I have tested. It is important to pay attention to the slope and thickness of the line, and its relationship to zero. A reversion to the zero may look momentous, but in fact it could reverse when it reaches mean, only to turn back around. You can see this in March and April of this silver futures daily chart. Makes for a great instrument on anything you consider trendy, like crude oil for example. The default user inputs are set to my liking, as I find them to be great on all charts and resolutions. You may read around to find more about this on the internet, or its mentioned in Krausz's work. Also, imprtant to remember when no trend, trend finders like this sufffer, so be wise as to what market condition you are in. Rangy and within Range = no, On the Move = yes.







