Description: Titan Wings 3 is a comprehensive indicator designed to help traders navigate complex market conditions by integrating volatility analysis, advanced moving averages, and dynamic signal generation. This script is not a simple combination of public domain tools; it is a carefully engineered system that merges statistical insights with market structure analysis to deliver actionable signals.
Core Functionality: The indicator uses log returns to calculate volatility, which is then conditioned by price behavior relative to multiple moving averages. Volatility bands are dynamically adjusted based on percentile ranks, standard deviations, and ATR values to provide traders with precise zones of market activity. These bands are visualized on the chart, highlighting areas of potential breakout or reversal.
Titan Wings 3 features three types of moving averages—Exponential (EMA), Simple (SMA), and Hull (HMA)—giving users flexibility to align the tool with their trading strategies. The script evaluates price action relative to these averages, identifying critical zones where market sentiment shifts.
In addition to trend-following metrics, the script dynamically generates labels to signal key trading opportunities. These signals are derived from normalized distance calculations between the price and selected moving averages, combined with a proprietary methodology for filtering noise and amplifying significant trends.
Why Titan Wings 3 Stands Out:
Originality: Titan Wings 3 is not a generic mashup of indicators. Its unique normalization technique for distance metrics, percentile-based volatility thresholds, and the use of Hull Moving Averages make it a sophisticated tool for identifying high-probability trades.
Actionable Insights: The script provides real-time labels and visual cues for both long and short opportunities, allowing traders to act decisively during key moments of price action.
Adaptability: The customizable parameters for moving average types, percentile thresholds, and volatility multipliers ensure that the tool can adapt to various market conditions and trading styles.
How It Works: Volatility Bands: Percentile-based calculations and ATR/standard deviation multipliers are used to create adaptive upper and lower bands, highlighting areas of market expansion and contraction. Dynamic Labels: Signals are generated based on normalized metrics that measure the price's relationship to key moving averages, providing a reliable framework for trend identification. Visual Overlays: The script fills specific price zones with color-coded areas to indicate bullish or bearish conditions, enhancing the clarity of market structure.
How to Use It:
Adjust the moving average type and parameters to align with your trading style.
Use the volatility bands to identify breakouts or reversals.
Follow the real-time labels to confirm potential trade entries.
Pay attention to the visual overlays to quickly assess market sentiment.
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Standardized in the Hull MA - you can change it by changing the options.
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The input section was reorganized for clarity.
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Added Full and Mitigated (partially covered) Fair Value Gaps
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bug fix
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Fixed a pesky, minor bug that was causing altered signals.
I believe we've now reached a stable version—thank you for your support!
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Added Time Frames Control:
The function analyzes six user-defined timeframes, ranging from intraday intervals (e.g., 15 or 30 minutes) to daily or even weekly periods. It extracts critical data such as open, high, low, and close prices for the current and previous candles. From this data, the script computes:
Candle Type: Identifies whether the candle is bullish or bearish based on the close relative to the open.
Volatility Percentage Change: Measures the percentage change in candle volatility compared to the previous candle.
Candle Strength: Evaluates the strength of price movements within the candle relative to the previous one.
These metrics are organized into an easy-to-read table that updates dynamically as the market moves. The table color codes bullish and bearish candles for quick visual recognition, enhancing decision-making speed.
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option for show/hide timeframes
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Titan Wings 3.2 now includes a control for generating signals aligned with bearish/bullish trends across all timeframes. This option is set to 'false' by default, but it is highly recommended to enable it for enhanced trading analysis.
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Optional control on Golden/Death Cross signal generation was added.
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bug fix
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Integrated ChOfCh and Breakout Structure lines.
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added orderflow control thanks to alpha algo
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Removed for loading time reasons the structured of the market, fixed bug for golden/death cross thresholding e multi-time frame NA.
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Removed Fair Value Gap - these is a dedicated script right now.
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Added multi-time frame color dynamics for weighted strenght
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bug fix
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bug fix
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bug fix
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bug fix
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bug fix in multi-time frame colour dynamics
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Added Volatility based levels of TP and SL to the indicator (some red and green lines for each possible trend)
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small bug fix
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Added controls on intercepts and slopes for more accurate signals.
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small bug fix
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Multi-time frame candle analysis is not yet displayed but can be reached as a separate indicator on my profile.
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added TP/SL bars (beta version)
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Added control on SL/TP ATR driven parameters
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A slope control of MAs was added for a deeper understanding of the momentum.
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Fibonacci bands bug fix and momentum sensitivity added.
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Added additional timeframe
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Added color lookback table
Script protegido
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.