Fractal Pattern AnalysisFractal Pattern Key Elements and How to Read Them
1. Williams Fractals (Triangle Markers)
Red Triangles Pointing Down: Bearish fractals - potential resistance points and selling opportunities
Green Triangles Pointing Up: Bullish fractals - potential support points and buying opportunities
When to Act: Look for bullish fractals forming during uptrends and bearish fractals during downtrends
2. Moving Averages
Yellow Line (20 EMA): Short-term trend
Blue Line (50 EMA): Medium-term trend
Red Line (200 EMA): Long-term trend
Interpretation: When shorter MAs cross above longer MAs, it's bullish; when they cross below, it's bearish
Key Signal: The alignment of all three MAs (stacked in order) confirms a strong trend
3. Background Color
Green Background: Uptrend (all MAs aligned bullishly)
Red Background: Downtrend (all MAs aligned bearishly)
Yellow Background: Sideways/neutral market (MAs not clearly aligned)
4. Market Structure Markers (Small Circles)
Green Circles: Higher highs and higher lows (bullish structure)
Red Circles: Lower highs and lower lows (bearish structure)
Pattern Recognition: Multiple green circles suggest continuing uptrend; multiple red circles suggest continuing downtrend
5. Reversal Diamonds ("Rev" Markers)
Yellow Diamonds: Potential trend reversal points
Usage: These mark where the current trend might be changing direction
Confirmation: Wait for price to close beyond the diamond before acting
6. Bollinger Bands (Blue Lines with Fill)
Middle Band: 20-period SMA
Upper/Lower Bands: Volatility channels
Signals: Price touching upper band in uptrend is strength; touching lower band in downtrend is weakness
Squeeze: When bands narrow, expect a volatility breakout soon
7. Status Table (Top Right)
Shows current trend, volume direction, and overall signal at a glance
"BUY" signal appears when multiple bullish conditions align
"SELL" signal appears when multiple bearish conditions align
Indicadores de Bill Williams
Range Filter Buy and Sell 5min## **Enhanced Range Filter Strategy: A Comprehensive Overview**
### **1. Introduction**
The **Enhanced Range Filter Strategy** is a powerful technical trading system designed to identify high-probability trading opportunities while filtering out market noise. It utilizes **range-based trend filtering**, **momentum confirmation**, and **volatility-based risk management** to generate precise entry and exit signals. This strategy is particularly useful for traders who aim to capitalize on trend-following setups while avoiding choppy, ranging market conditions.
---
### **2. Key Components of the Strategy**
#### **A. Range Filter (Trend Determination)**
- The **Range Filter** smooths price fluctuations and helps identify clear trends.
- It calculates an **adjusted price range** based on a **sampling period** and a **multiplier**, ensuring a dynamic trend-following approach.
- **Uptrends:** When the current price is above the range filter and the trend is strengthening.
- **Downtrends:** When the price falls below the range filter and momentum confirms the move.
#### **B. RSI (Relative Strength Index) as Momentum Confirmation**
- RSI is used to **filter out weak trades** and prevent entries during overbought/oversold conditions.
- **Buy Signals:** RSI is above a certain threshold (e.g., 50) in an uptrend.
- **Sell Signals:** RSI is below a certain threshold (e.g., 50) in a downtrend.
#### **C. ADX (Average Directional Index) for Trend Strength Confirmation**
- ADX ensures that trades are only taken when the trend has **sufficient strength**.
- Avoids trading in low-volatility, ranging markets.
- **Threshold (e.g., 25):** Only trade when ADX is above this value, indicating a strong trend.
#### **D. ATR (Average True Range) for Risk Management**
- **Stop Loss (SL):** Placed **one ATR below** (for long trades) or **one ATR above** (for short trades).
- **Take Profit (TP):** Set at a **3:1 reward-to-risk ratio**, using ATR to determine realistic price targets.
- Ensures volatility-adjusted risk management.
---
### **3. Entry and Exit Conditions**
#### **📈 Buy (Long) Entry Conditions:**
1. **Price is above the Range Filter** → Indicates an uptrend.
2. **Upward trend strength is positive** (confirmed via trend counter).
3. **RSI is above the buy threshold** (e.g., 50, to confirm momentum).
4. **ADX confirms trend strength** (e.g., above 25).
5. **Volatility is supportive** (using ATR analysis).
#### **📉 Sell (Short) Entry Conditions:**
1. **Price is below the Range Filter** → Indicates a downtrend.
2. **Downward trend strength is positive** (confirmed via trend counter).
3. **RSI is below the sell threshold** (e.g., 50, to confirm momentum).
4. **ADX confirms trend strength** (e.g., above 25).
5. **Volatility is supportive** (using ATR analysis).
#### **🚪 Exit Conditions:**
- **Stop Loss (SL):**
- **Long Trades:** 1 ATR below entry price.
- **Short Trades:** 1 ATR above entry price.
- **Take Profit (TP):**
- Set at **3x the risk distance** to achieve a favorable risk-reward ratio.
- **Ranging Market Exit:**
- If ADX falls below the threshold, indicating a weakening trend.
---
### **4. Visualization & Alerts**
- **Colored range filter line** changes based on trend direction.
- **Buy and Sell signals** appear as labels on the chart.
- **Stop Loss and Take Profit levels** are plotted as dashed lines.
- **Gray background highlights ranging markets** where trading is avoided.
- **Alerts trigger on Buy, Sell, and Ranging Market conditions** for automation.
---
### **5. Advantages of the Enhanced Range Filter Strategy**
✅ **Trend-Following with Noise Reduction** → Helps avoid false signals by filtering out weak trends.
✅ **Momentum Confirmation with RSI & ADX** → Ensures that only strong, valid trades are executed.
✅ **Volatility-Based Risk Management** → ATR ensures adaptive stop loss and take profit placements.
✅ **Works on Multiple Timeframes** → Effective for day trading, swing trading, and scalping.
✅ **Visually Intuitive** → Clearly displays trade signals, SL/TP levels, and trend conditions.
---
### **6. Who Should Use This Strategy?**
✔ **Trend Traders** who want to enter trades with momentum confirmation.
✔ **Swing Traders** looking for medium-term opportunities with a solid risk-reward ratio.
✔ **Scalpers** who need precise entries and exits to minimize false signals.
✔ **Algorithmic Traders** using alerts for automated execution.
---
### **7. Conclusion**
The **Enhanced Range Filter Strategy** is a powerful trading tool that combines **trend-following techniques, momentum indicators, and risk management** into a structured, rule-based system. By leveraging **Range Filters, RSI, ADX, and ATR**, traders can improve trade accuracy, manage risk effectively, and filter out unfavorable market conditions.
This strategy is **ideal for traders looking for a systematic, disciplined approach** to capturing trends while **avoiding market noise and false breakouts**. 🚀
JPMorgan Collar LevelsJPMorgan Collar Levels – SPX/SPY Auto-Responsive (Quarterly Logic)
This script tracks the JPMorgan Hedged Equity Fund collar strategy, one of the most watched institutional positioning tools on SPX/SPY. The strategy rolls quarterly and often acts as a magnet or resistance/support zone for price.
AuriumFlowAURIUM (GOLD-Weighted Average with Fractal Dynamics)
Aurium is a cutting-edge indicator that blends volume-weighted moving averages (VWMA), fractal geometry, and Fibonacci-inspired calculations to deliver a precise and holistic view of market trends. By dynamically adjusting to price and volume, Aurium uncovers key levels of confluence for trend reversals and continuations, making it a powerful tool for traders.
Key Features:
Dynamic Trendline (GOLD):
The central trendline is a weighted moving average based on price and volume, tuned using Fibonacci-based fast (34) and slow (144) exponential moving average lengths. This ensures the trendline adapts seamlessly to the flow of market dynamics.
Formula:
GOLD = VWMA(34) * Volume Factor + VWMA(144) * (1 - Volume Factor)
Fractal Highs and Lows:
Detects pivotal market points using a fractal lookback period (default 5, odd-numbered). Fractals identify local highs and lows over a defined window, capturing the structure of market cycles.
Trend Background Highlighting:
Bullish Zone: Price above the GOLD line with a green background.
Bearish Zone: Price below the GOLD line with a red background.
Buy and Sell Alerts:
Generates actionable signals when fractals align with GOLD. Bullish fractals confirm continuation or reversal in an uptrend, while bearish fractals validate a downtrend.
The Math Behind Aurium:
Volume-Weighted Adjustments:
By integrating volume into the calculation, Aurium dynamically emphasizes price levels with greater participation, giving traders insight into zones of institutional interest.
Formula:
VWMA = EMA(Close * Volume) / EMA(Volume)
Fractal Calculations:
Fractals are identified as local maxima (highs) or minima (lows) based on the surrounding bars, leveraging the natural symmetry in price behavior.
Fibonacci Relationships:
The 34 and 144 EMA lengths are Fibonacci numbers, offering a natural alignment with price cycles and market rhythms.
Ideal For:
Traders seeking a precise and intuitive indicator for aligning with trends and detecting reversals.
Strategies inspired by Bill Williams, with added volume and fractal-based insights.
Short-term scalpers and long-term trend-followers alike.
Unlock deeper market insights and trade with precision using Aurium!
[TABLE] Moving Average Stage Indicator Table📈 MA Stage Indicator Table
🧠 Overview:
This script analyzes market phases based on moving average (MA) crossovers, classifying them into 6 distinct stages and displaying statistical summaries for each.
🔍 Key Features:
• Classifies market condition into Stage 1 to Stage 6 based on the relationship between MA1 (short), MA2 (mid), and MA3 (long)
• Provides detailed stats for each stage:
• Average Duration
• Average Width (MA distance)
• Slope (Angle) - High / Low / Average
• Shows current stage details in real-time
• Supports custom date range filtering
• Choose MA type: SMA or EMA
• Optional background coloring for stages
• Clean summary table displayed on the chart
Supply & Demand Zones + Order Block (Pro Fusion) SuroLevel up your trading edge with this all-in-one Supply and Demand Zones + Order Block TradingView indicator, built for precision traders who focus on price action and smart money concepts.
🔍 Key Features:
Automatic detection of Supply & Demand Zones based on refined swing highs and lows
Dynamic Order Block recognition with customizable thresholds
Highlights Breakout signals with volume confirmation and trend filters
Built-in EMA 50 trend detection
Take Profit (TP1, TP2, TP3) projection levels
Clean visual labels for Demand, Supply, and OB zones
Uses smart box plotting with long extended zones for better zone visibility
🔥 Ideal for:
Traders who follow Smart Money Concepts (SMC)
Supply & Demand strategy practitioners
Breakout & Retest pattern traders
Scalpers, swing, and intraday traders using Order Flow logic
📈 Works on all markets: Forex, Crypto, Stocks, Indices
📊 Recommended timeframes: M15, H1, H4, Daily
✅ Enhance your trading strategy using this powerful zone-based script — bringing structure, clarity, and automation to your chart.
#SupplyAndDemand #OrderBlock #TradingViewScript #SmartMoney #BreakoutStrategy #TPProjection #ForexIndicator #SMC
Support & Resistance with RSI BreakoutsThe script is a TradingView Pine Script (v5) indicator that identifies support and resistance levels using RSI (Relative Strength Index) breakouts. Here’s a breakdown of what it does:
Features:
RSI Calculation:
The script calculates the 14-period RSI (default) using the closing price.
The user can modify the RSI period through an input setting.
Buy and Sell Signals:
A buy signal is triggered when RSI drops below 20 (indicating oversold conditions).
A sell signal is triggered when RSI rises above 80 (indicating overbought conditions).
Visual Representation:
Buy signals are marked with a green upward arrow (↑) below the price bars.
Sell signals are marked with a red downward arrow (↓) above the price bars.
The arrows help traders easily spot potential trade opportunities.
Usage:
This script is useful for traders looking to buy at oversold conditions and sell at overbought conditions based on RSI.
It works best when combined with other indicators or price action strategies to confirm signals.
5-Min ORB with Volume SpikeThis indicator identifies Opening Range Breakouts (ORB) based on the high and low of the first 5 minutes of the trading day and confirms the breakout with a volume spike.
🔍 What It Does:
Automatically captures the Opening Range High and Low from 9:30 AM to 9:35 AM (configurable).
Plots green (high) and red (low) lines across the chart once the opening range is set.
Highlights long breakout signals when price breaks above the OR High with above-average volume.
Highlights short breakout signals when price breaks below the OR Low with above-average volume.
Volume confirmation is based on a customizable 20-period simple moving average (SMA) of volume.
⚙️ Best Used On:
5-minute or lower intraday charts (e.g., SPY, QQQ, futures, etc.)
Highly liquid, high-volatility instruments
U.S. equity market open (customizable for other sessions)
📈 Trading Edge: This strategy helps traders identify strong, momentum-driven breakouts early in the trading session — especially when confirmed by increased institutional activity (volume spike).
Williams Fractals Ultimate (Donchian Adjusted)Williams Fractals Ultimate (Donchian Adjusted)
Understanding Williams Fractals
Williams Fractals are a simple yet powerful tool used to identify potential turning points in the market. They highlight local highs (up fractals) and local lows (down fractals) based on a set period.
An up fractal appears when a price peak is higher than the surrounding prices.
A down fractal appears when a price low is lower than the surrounding prices.
Fractals help traders spot support and resistance levels, potential trend reversals, and price breakout zones.
Why Adjust Fractals with the Donchian Channel?
The standard Williams Fractals method identifies local highs and lows without considering broader market context. This script enhances fractal accuracy by integrating the Donchian Channel, which tracks the highest highs and lowest lows over a set period.
- The Donchian Baseline is calculated as the average of the highest high and lowest low over a selected period.
- Fractals are filtered based on this baseline:
Up Fractals are only shown if they are above the Donchian baseline.
Down Fractals are only shown if they are below the Donchian baseline.
This filtering method removes weak signals and ensures that only relevant fractals aligned with market structure are displayed.
Key Features of the Script
Customizable Fractal & Donchian Periods – Allows traders to fine-tune fractal sensitivity.
Donchian-Based Filtering – Reduces noise and highlights meaningful fractals.
Fractal ZigZag Line (Optional) – Helps visualize price swings more clearly.
Why Is This So Effective?
Stronger trend signals – Filtering with the Donchian baseline eliminates unreliable fractals.
Clearer price action – The optional ZigZag line visually connects significant highs and lows.
Easy trend identification – Helps traders confirm breakout zones and key price levels.
This script is a technical analysis tool and does not guarantee profitable trades. Always combine it with other indicators and risk management strategies before making trading decisions.
Gold Price LevelsThis indicator identifies and displays key price levels for gold trading. It highlights important psychological and technical price points that often act as support and resistance levels.
Features
Automatically identifies and displays key price levels ending in 92, 84, 78, 55, 42, 27, and 00
Special emphasis on critical levels ending in 68, 32, and 10 with increased line width
Color-coded visualization: green for levels above current price, red for levels below
Customizable line style, width, and label visibility
Automatically adjusts to different price ranges (works with any gold price)
How to Use
This indicator helps gold traders identify potential support and resistance zones. Watch for price reactions at these levels for potential trade entries, exits, or stop placement. The thicker lines (68, 32, 10) often represent more significant price levels where stronger reactions may occur.
Perfect for both day traders and swing traders looking to optimize their gold trading strategy with key price levels.
BTC Trend Momentum (BTM) with VWMOBTC Trend Momentum (BTM) with VWMO – A Smarter Way to Trade Bitcoin 🚀
Overview
Bitcoin price movements can be volatile, often leading to fake breakouts and whipsaws that mislead traders. BTC Trend Momentum (BTM), combined with Volume Weighted Moving Average (VWMO), helps smooth out market noise and provide clearer trend signals.
This script integrates momentum analysis, trend strength detection, and zero-line crossovers, allowing traders to make smarter entries and exits while avoiding false signals.
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Why Use This Indicator?
✅ Momentum Histogram – Easily visualize trend strength with color-coded bars.
✅ Volume-Weighted Analysis – Uses VWMO to filter out weak price movements.
✅ Zero Line Crossover Alerts – Identifies major trend shifts in real-time.
✅ Dynamic Color Coding – Stronger trends highlighted in brighter colors.
✅ Background Shading – Differentiates bullish & bearish zones for easy trend reading.
✅ Built-in Alerts – Get notified of trade opportunities instantly.
⸻
How to Trade Using BTC Trend Momentum (BTM)
🔹 Buy Signal: When the momentum histogram (green bars) crosses above the EMA (orange line).
🔹 Sell Signal: When the momentum histogram (red bars) crosses below the EMA.
🔹 Strong Trend Confirmation: If histogram bars turn lime (bullish) or maroon (bearish), it indicates strong momentum.
🔹 Zero Line Crossovers: A bullish crossover above zero confirms an uptrend, while a bearish crossover below zero confirms a downtrend.
For better results, combine with RSI, MACD, or VWAP to confirm trend strength before entering trades.
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Best Timeframes for Trading
📌 1H & 4H – Ideal for swing trading Bitcoin.
📌 5M & 15M – Perfect for scalping BTC with precision.
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💡 Would you integrate BTC Trend Momentum (BTM) into your trading strategy? Let us know your thoughts below!
AO Smart Scalper – 5M Dynamic SL Edition📈 AO Signals with Fixed and Dynamic SL – Optimized for 5-Minute Charts 📉
This indicator is built for 5-minute timeframe trading, combining powerful momentum signals from the Awesome Oscillator (AO) with both Fixed and Dynamic Stop Loss (SL) levels to enhance trade management and risk control.
✅ Buy/Sell Signals:
The indicator generates clear BUY and SELL signals based on the AO crossing above or below the zero line, helping traders capture momentum shifts early.
🛑 Fixed Stop Loss:
Each trade signal comes with a Fixed SL, calculated based on the high (for shorts) or low (for longs) of the previous candle, with a customizable percentage offset. This SL is plotted with a red line, providing a clear initial risk level.
⚡ Dynamic Stop Loss: Continuous Presence, Strategic Use:
A secondary Dynamic SL line is plotted, which is continuously present on the chart. This dynamic level responds to market conditions and can serve as a trailing stop or key decision point.
💡 Recommended Use: It is recommended to actively start using the Dynamic SL once the trade has moved into profit. This allows protecting obtained profits and minimizing the risk of losses in case of a market reversal.
🛡️ Enhanced Dynamic Stop-Loss Strategy:
🔒 Initial Protection: Utilize the Fixed SL as the initial stop-loss, placed below relevant lows (for longs) or above relevant highs (for shorts), or as provided by the fixed SL indicator.
🛤️ Dynamic Tracking:
🟢 Long Trades: Once in profit, the Dynamic SL will dynamically adjust, moving upwards as higher lows are formed, effectively trailing the price and securing profits.
🔴 Short Trades: Conversely, in short trades, once in profit, the Dynamic SL will move downwards as lower highs are formed, protecting gains.
🔄 Alternatively the dynamic stop loss will follow the dynamic SL line provided by the indicator.
🚪 Exiting Trades: When the price crosses below the Dynamic SL line in a LONG trade, or above it in a SHORT trade, the recommended action is to exit the trade.
↩️ Re-entry Consideration: You may consider re-entering only if the price clearly returns above the Dynamic SL (for longs) or below it (for shorts).
⚠️ IMPORTANT - 5-Minute Strategy Guidance ⏱️
This tool is specifically optimized for the 5-minute timeframe. This approach helps filter out weak setups and maintain discipline in volatile market conditions.
✨ Additional Features:
👁️ Visual and editable SL levels
📊 200-period SMA for trend context
💻 Simple and effective interface for intraday trading setups
🎯 Ideal for traders seeking a clean, rule-based system that combines momentum entry signals with layered stop loss protection.
🔑 Key Changes:
It was emphasized that the Dynamic SL is always present, but its active use is recommended once the trade is in profit.
It was clarified the use of the Fixed SL, giving the option to use the one provided by the indicator, or to place it according to the price action.
RSI Failure Swing Pattern (with Alerts & Targets)RSI Failure Swing Pattern Indicator – Detailed Description
Overview
The RSI Failure Swing Pattern Indicator is a trend reversal detection tool based on the principles of failure swings in the Relative Strength Index (RSI). This indicator identifies key reversal signals by analyzing RSI swings and confirming trend shifts using predefined overbought and oversold conditions.
Failure swing patterns are one of the strongest RSI-based reversal signals, initially introduced by J. Welles Wilder. This indicator detects these patterns and provides clear buy/sell signals with labeled entry, stop-loss, and profit target levels. The tool is designed to work across all timeframes and assets.
How the Indicator Works
The RSI Failure Swing Pattern consists of two key structures:
1. Bullish Failure Swing (Buy Signal)
Occurs when RSI enters oversold territory (below 30), recovers, forms a higher low above the oversold level, and finally breaks above the intermediate swing high in RSI.
Step 1: RSI dips below 30 (oversold condition).
Step 2: RSI rebounds and forms a local peak.
Step 3: RSI retraces but does not go below the previous low (higher low confirmation).
Step 4: RSI breaks above the previous peak, confirming a bullish trend reversal.
Buy signal is triggered at the breakout above the RSI peak.
2. Bearish Failure Swing (Sell Signal)
Occurs when RSI enters overbought territory (above 70), declines, forms a lower high below the overbought level, and then breaks below the intermediate swing low in RSI.
Step 1: RSI rises above 70 (overbought condition).
Step 2: RSI declines and forms a local trough.
Step 3: RSI bounces but fails to exceed the previous high (lower high confirmation).
Step 4: RSI breaks below the previous trough, confirming a bearish trend reversal.
Sell signal is triggered at the breakdown below the RSI trough.
Features of the Indicator
Custom RSI Settings: Adjustable RSI length (default 14), overbought/oversold levels.
Buy & Sell Signals: Buy/sell signals are plotted directly on the price chart.
Entry, Stop-Loss, and Profit Targets:
Entry: Price at the breakout of the RSI failure swing pattern.
Stop-Loss: Lowest low (for buy) or highest high (for sell) of the previous two bars.
Profit Targets: Two levels calculated based on Risk-Reward ratios (1:1 and 1:2 by default, customizable).
Labeled Price Levels:
Entry Price Line (Blue): Marks the point of trade entry.
Stop-Loss Line (Red): Shows the calculated stop-loss level.
Target 1 Line (Orange): Profit target at 1:1 risk-reward ratio.
Target 2 Line (Green): Profit target at 1:2 risk-reward ratio.
Alerts for Trade Execution:
Buy/Sell signals trigger alerts for real-time notifications.
Alerts fire when price reaches stop-loss or profit targets.
Works on Any Timeframe & Asset: Suitable for stocks, forex, crypto, indices, and commodities.
Why Use This Indicator?
Highly Reliable Reversal Signals: Unlike simple RSI overbought/oversold strategies, failure swings filter out false breakouts and provide strong confirmation of trend reversals.
Risk Management Built-In: Stop-loss and take-profit levels are automatically set based on historical price action and risk-reward considerations.
Easy-to-Use Visualization: Clearly marked entry, stop-loss, and profit target levels make it beginner-friendly while still being valuable for experienced traders.
How to Trade with the Indicator
Buy Trade Example (Bullish Failure Swing)
RSI drops below 30 and recovers.
RSI forms a higher low and then breaks above the previous peak.
Entry: Buy when RSI crosses above its previous peak.
Stop-Loss: Set below the lowest low of the previous two candles.
Profit Targets:
Target 1 (1:1 Risk-Reward Ratio)
Target 2 (1:2 Risk-Reward Ratio)
Sell Trade Example (Bearish Failure Swing)
RSI rises above 70 and then declines.
RSI forms a lower high and then breaks below the previous trough.
Entry: Sell when RSI crosses below its previous trough.
Stop-Loss: Set above the highest high of the previous two candles.
Profit Targets:
Target 1 (1:1 Risk-Reward Ratio)
Target 2 (1:2 Risk-Reward Ratio)
Final Thoughts
The RSI Failure Swing Pattern Indicator is a powerful tool for traders looking to identify high-probability trend reversals. By using the RSI failure swing concept along with built-in risk management tools, this indicator provides a structured approach to trading with clear entry and exit points. Whether you’re a day trader, swing trader, or long-term investor, this indicator helps in capturing momentum shifts while minimizing risk.
Would you like any modifications or additional features? 🚀
Double Top/Bottom Fractals DetectorDouble Top/Bottom Detector with Williams Fractals (Extended + Early Signal)
This indicator combines the classic Williams Fractals methodology with an enhanced mechanism to detect potential reversal patterns—namely, double tops and double bottoms. It does so by using two separate detection schemes:
Confirmed Fractals for Pattern Formation:
The indicator calculates confirmed fractals using the traditional Williams Fractals rules. A fractal is confirmed if a bar’s high (for an up fractal) or low (for a down fractal) is the highest or lowest compared to a specified number of bars on both sides (default: 2 bars on the left and 2 on the right).
Once a confirmed fractal is identified, its price (high for tops, low for bottoms) and bar index are stored in an internal array (up to the 10 most recent confirmed fractals).
When a new confirmed fractal appears, the indicator compares it with previous confirmed fractals. If the new fractal is within a user-defined maximum bar distance (e.g., 20 bars) and the price difference is within a specified tolerance (default: 0.8%), the indicator assumes that a double top (if comparing highs) or a double bottom (if comparing lows) pattern is forming.
A signal is then generated by placing a label on the chart—SELL for a double top and BUY for a double bottom.
Early Signal Generation:
To capture potential reversals sooner, the indicator also includes an “early signal” mechanism. This uses asymmetric offsets different from the confirmed fractal calculation:
Signal Right Offset: Defines the candidate bar used for early signal detection (default is 1 bar).
Signal Left Offset: Defines the number of bars to the left of the candidate that must confirm the candidate’s price is the extreme (default is 2 bars).
For an early top candidate, the candidate bar’s high must be greater than the highs of the bars specified by the left offset and also higher than the bar immediately to its right. For an early bottom candidate, the corresponding condition applies for lows.
If the early candidate’s price level is within the acceptable tolerance when compared to any of the previously stored confirmed fractals (again, within the allowed bar distance), an early signal is generated—displayed as SELL_EARLY or BUY_EARLY.
The early signal block can be enabled or disabled via a checkbox input, allowing traders to choose whether to use these proactive signals.
Key Parameters:
n:
The number of bars used to confirm a fractal. The fractal is considered valid if the bar’s high (or low) is higher (or lower) than the highs (or lows) of the preceding and following n bars.
maxBarsApart:
The maximum number of bars allowed between two fractals for them to be considered part of the same double top or bottom pattern.
tolerancePercent:
The maximum allowed percentage difference (default: 0.8%) between the high (or low) values of two fractals to qualify them as matching for the pattern.
signalLeftOffset & signalRightOffset:
These parameters define the asymmetric offsets for early signal detection. The left offset (default: 2) specifies how many bars to look back, while the right offset (default: 1) specifies the candidate bar’s position.
earlySignalsEnabled:
A checkbox option that allows users to enable or disable early signal generation. When disabled, the indicator only uses confirmed fractal signals.
How It Works:
Fractal Calculation and Plotting:
The confirmed fractals are calculated using the traditional method, ensuring robust identification by verifying the pattern with a symmetrical offset. These confirmed fractals are plotted on the chart using triangle shapes (upwards for potential double bottoms and downwards for potential double tops).
Pattern Detection:
Upon detection of a new confirmed fractal, the indicator checks up to 10 previous fractals stored in internal arrays. If the new fractal’s high or low is within the tolerance range and close enough in terms of bars to one of the stored fractals, it signifies the formation of a double top or double bottom. A corresponding SELL or BUY label is then placed on the chart.
Early Signal Feature:
If enabled, the early signal block checks for candidate bars based on the defined asymmetric offsets. These candidates are evaluated to see if their high/low levels meet the early confirmation criteria relative to nearby bars. If they also match one of the confirmed fractal levels (within tolerance and bar distance), an early signal is issued with a label (SELL_EARLY or BUY_EARLY) on the chart.
Benefits for Traders:
Timely Alerts:
By combining both confirmed and early signals, the indicator offers a proactive approach to detect reversals sooner, potentially improving entry and exit timing.
Flexibility:
With adjustable parameters (including the option to disable early signals), traders can fine-tune the indicator to better suit different markets, timeframes, and trading styles.
Enhanced Pattern Recognition:
The dual-layered approach (confirmed fractals plus early detection) helps filter out false signals and captures the essential formation of double tops and bottoms more reliably.
Impulse MACD enhancedThis indicator is designed to provide robust trade entry signals by combining multiple technical filters. Here’s a summary of its key components:
Impulse MACD Calculation:
Uses a Zero-Lag EMA (ZLEMA) based approach to generate a momentum indicator (with a signal line and histogram) that identifies shifts in market momentum.
Simulated Higher Timeframe (HTF) Trend Filter:
Computes an SMA over a multiplied period to simulate a higher timeframe trend. It requires the price to be in line with this broader trend before signaling an entry.
RSI Filter:
Ensures that for bullish entries the RSI is above a set threshold (indicating momentum) and for bearish entries it’s below a threshold.
ADX Filter:
Uses a manually calculated ADX to confirm that the market is in a strong trend (ADX > 30) to reduce false signals in weakly trending or sideways markets.
Volume Filter:
Compares the current volume to a 20‑bar SMA of volume, requiring volume to be significantly higher (by a user-defined percentage) to confirm the strength of the move.
VWAP Confirmation:
Uses the Volume-Weighted Average Price as an extra layer of confirmation: bullish signals require the price to be above VWAP, bearish signals below.
Optional Long-Term & Short-Term MA Filters:
These filters can be enabled to ensure the price is trading above (or below) longer-term and shorter-term moving averages, further aligning the trade with the prevailing trend.
ATR Volatility Filter:
Checks that volatility (as measured by the ATR relative to price) is below a maximum threshold, which helps avoid taking trades in overly volatile conditions.
Price Action Filter:
Ensures that for a bullish signal the current close is above the highest high over a specified lookback period (and vice versa for bearish), indicating a clear breakout.
Signal Throttling:
Signals are limited to one every 10 bars to prevent excessive trading.
When all these conditions are met, the indicator outputs an entry signal for either a bullish or bearish trade.
This multi-filter approach aims to increase win rate by reducing false signals and aligning trades with strong, confirmed trends while filtering out noise.
Motivational Text TableRelease Notes - Motivational Text Table Indicator v1.0
Standalone Indicator:
A new, standalone Pine Script v6 indicator that displays a motivational text table directly on the chart.
Customizable Text:
Users can set their own motivational message through the "Custom Motivational Text" input.
Configurable Appearance:
Change the text color and background color of the table.
Adjust the text size by choosing from "tiny", "small", "normal", "large", or "huge".
Select the table’s position on the chart from multiple preset locations (e.g., top_left, middle_center, bottom_right, etc.).
Static Display:
The table is drawn on the last bar, ensuring that the motivational text remains static during realtime updates.
User-Friendly Design:
The interface is simple and easy to customize, making it perfect for users who need a daily dose of motivation directly on their TradingView charts.
Enjoy your motivational boost on every chart!
kurd fx Dynamic EMA StrategyDynamic EMA Strategy Explanation
This TradingView Pine Script indicator, "Dynamic EMA Strategy," is designed to plot Exponential Moving Averages (EMAs) dynamically based on the selected timeframe. It adjusts the EMA periods depending on whether the trader is scalping, swing trading, or position trading.
Functionality
1. Defining EMA Periods Based on Timeframe
The script determines appropriate EMA values based on the selected chart timeframe:
Scalping (1m, 3m, 5m)
Uses EMA 9, EMA 21, and EMA 50 for fast-moving market conditions.
Swing Trading (15m, 30m, 45m)
Uses EMA 50 and EMA 100, suitable for medium-term trend identification.
EMA 3 is disabled (na) in this mode.
Position Trading (1H and higher)
Uses EMA 100 and EMA 200 to identify long-term trends.
EMA 3 is disabled (na) in this mode.
2. EMA Calculation
The script calculates EMA values dynamically:
emaLine1 = ta.ema(close, ema1): Computes the first EMA.
emaLine2 = ta.ema(close, ema2): Computes the second EMA.
emaLine3 = not na(ema3) ? ta.ema(close, ema3) : na: Computes the third EMA only if applicable.
3. Plotting the EMAs
The script overlays the EMAs on the chart:
Blue Line (EMA 1) → Represents the fastest EMA.
Orange Line (EMA 2) → Represents the medium EMA.
Red Line (EMA 3) → Represents the slowest EMA (if applicable).
Each EMA is plotted using plot() with a specific color, linewidth of 2, and plot.style_line for a clean visualization.
Use Case
Scalpers can identify short-term momentum changes.
Swing traders can detect medium-term trends.
Position traders can spot long-term market trends.
This strategy helps traders adjust their EMA settings dynamically without manually changing them for different timeframes.
BB ATR Fractal MMThe Bollinger Bands + ATR with Fractal indicator is a powerful combination of Bollinger Bands, ATR (Average True Range), and Fractal to help identify market volatility and potential entry/exit points on the chart.
Bollinger Bands help to assess the market’s volatility by calculating upper and lower bands based on the simple moving average (SMA) and standard deviation. It’s an excellent tool for identifying overbought and oversold conditions.
ATR (Average True Range) is used to measure market volatility. It helps determine how much the price is moving, and it can be used to adjust the Bollinger Bands, creating bands that reflect the current volatility more accurately.
Fractal helps to identify peaks and troughs in the market, supporting decision-making by highlighting potential reversal points. Fractals mark regions where price may reverse direction, making it easier to spot possible trade opportunities.
How to Use:
Bollinger Bands Upper and Lower Bands: These bands help to identify overbought or oversold conditions. If the price breaks above the upper band, the market may be overbought. If the price breaks below the lower band, the market may be oversold.
ATR: It indicates the volatility level of the market. When the market shows large volatility (ATR increases), the Bollinger Bands expand to reflect higher price swings.
Fractal: Arrows appear at the market’s peaks and troughs, helping identify entry points for buying (at fractal lows) or selling (at fractal highs). These signals can help you make trading decisions based on potential price reversals.
Aj's DikFat Adjusted ADXRAj's DikFat Adjusted ADXR
This indicator is designed to plot the Average Directional Index (ADX) and Average Directional Movement Rating (ADXR) on the chart. The ADX and ADXR are both used to measure the strength of a trend in the market. The script allows you to customize several parameters, including the ADX Length and the Moving Average Method used for smoothing the directional movement indicators.
Key Features:
- ADX Length : Defines the number of periods over which the ADX is calculated. This value can be adjusted by the user to suit different trading styles and timeframes.
- Moving Average Method : Choose between several smoothing methods, including Simple Moving Average (SMA), Exponential Moving Average (EMA), Wilder's Moving Average, Weighted Moving Average (WMA), Hull Moving Average (HMA), or a Super Smooth Moving Average.
- Directional Indicators : The script calculates the +DI and -DI, which represent the positive and negative directional indicators respectively. These are then used to calculate the ADX.
- ADXR : The ADXR is calculated as the average of the current ADX value and the ADX value from 14 periods ago, providing a more smoothed representation of the trend strength.
How Traders Use ADX and ADXR:
- ADX : A rising ADX indicates an increasing trend strength, while a falling ADX suggests a weakening trend. A value above 25 is often considered an indication of a strong trend.
- ADXR : This indicator smooths the ADX over time, helping traders identify persistent trends. The ADXR can help filter out noise and provide a clearer picture of the trend's health.
Please note that this script and its indicators are designed to be used as tools for analysis, not as guarantees of market outcomes. Adjustments to the moving average method or ADX length can change the behavior of the indicators based on market conditions.
Fractals with Flexible Visuals and Auto HTFPurpose:
This indicator displays fractals, including significant ones, with enhanced visual
flexibility and new visualization modes.
Functionality:
- Regular Fractals of Current Timeframe: **
Displays standard fractals based on the current chart timeframe.
- Significant Fractals: **
Recognizes significant fractals through a combination of apexes from the current
timeframe and a higher timeframe (HTF).
- Fractal Filtering: **
- Please note that this option makes some fractals dissapear, but someone finds this
to be useful.
- Fractal filtering has been made separate for Regular and Significant fractals.
- HH/LL Labels: **
HH/LL and LH/HL labels are now available separately for Regular and Significant
fractals.
- Automatic HTF Switching for Significant Fractals:
Added automatic HTF thresholds, removing the need to set HTF manually when changing
the chart's timeframe.
- Marker Relocation Modes:
- Mode 0:0
The fractal appears on the bar when it is recognized, not where it forms. This
mode assists traders who want to observe recognition in real-time when developing
strategies with fractals.
- Mode 1:1
The fractal appears on the previous bar when it is recognized, not where it forms.
- Mode 2:2 (General)
The fractal appears two bars back, where it is recognized, not when.
- Other additional Modes for Significant Fractals:
May be good for experimenting with Significant fractals. The first number
indicates bars back for the current timeframe; the second number indicates
bars back for the higher timeframe.
Other modes may assist with additional filtering or be suitable for specific
pairs or timeframes.
- Visual Adjustments:
Added user settings to customize visuals according to preferences.
Acknowledgment:
This indicator's functionality has been refactored from Fractals V9 by Ricardo
Santos (with gratitude to him):
()
'RSFractals' is not used as a name prefix, reflecting that this version lacks the
Zigzag and Pattern functionalities present in 'RSFractals'. If the original author
prefers a different naming convention, they may contact me, and I will gladly make
the adjustment.
AMG Supply and Demand ZonesSupply and Demand Zones Indicator
This indicator identifies and visualizes supply and demand zones on the chart to help traders spot key areas of potential price reversals or continuations. The indicator uses historical price data to calculate zones based on high/low ranges and a customizable ATR-based fuzz factor.
Key Features:
Back Limit: Configurable look-back period to identify zones.
Zone Types: Options to display weak, untested, and turncoat zones.
Customizable Parameters: Adjust fuzz factor and visualization settings.
Usage:
Use this indicator to enhance your trading strategy by identifying key supply and demand areas where price is likely to react.
You can customize this further based on how you envision users benefiting from your indicator. Let me know if you'd like to add or adjust anything!
Strategie Bollinger Bands buy & sellMiddle Band (Basis): Calculated using a Simple Moving Average (SMA) over a user-defined period.
Upper Band: The middle band plus the standard deviation of the price multiplied by a user-defined multiplier.
Lower Band: The middle band minus the standard deviation of the price multiplied by the same multiplier.
User Inputs:
Length: The number of periods used for the SMA and standard deviation (default: 20).
Deviation: The multiplier for the standard deviation to calculate the upper and lower bands (default: 2.0).
Buy and Sell Signals:
Buy Signal: Generated when the price crosses above the lower band, indicating a potential oversold condition.
Sell Signal: Generated when the price crosses below the upper band, indicating a potential overbought condition.
Visual Markers:
Buy Signals: Displayed below the price bars as green labels with the text "BUY."
Sell Signals: Displayed above the price bars as red labels with the text "SELL."
The Bollinger Bands (upper, middle, and lower) are plotted directly on the price chart for easy visualization.
How to Use the Script:
Customize Parameters:
Modify the length and deviation inputs to adapt to different market conditions or timeframes.
Interpret Signals:
A BUY signal indicates a possible reversal or upward movement from the lower band.
A SELL signal suggests a potential price decline from the upper band.
Combine with Other Indicators:
While effective in certain conditions, this strategy performs better when combined with other technical tools, such as RSI or MACD, to confirm trends and avoid false signals.
Limitations:
This script assumes that price will revert to the mean, which may not hold during strong trends or highly volatile conditions.
It is not a standalone trading system and should be backtested and optimized before applying to real trading.
Williams BBDiv Signal [trade_lexx]📈 Williams BBDiv Signal — Improve your trading strategy with accurate signals!
Introducing Williams BBDiv Signal , an advanced trading indicator designed for a comprehensive analysis of market conditions. This indicator combines Williams%R with Bollinger Bands, providing traders with a powerful tool for generating buy and sell signals, as well as detecting divergences. It is ideal for traders who need an advantage in detecting changing trends and market conditions.
🔍 How signals work
— A buy signal is generated when the Williams %R line crosses the lower Bollinger Bands band from bottom to top. This indicates that the market may be oversold and ready for a rebound. They are displayed as green triangles located under the Williams %R graph. On the main chart, buy signals are displayed as green triangles labeled "Buy" under candlesticks.
— A sell signal is generated when the Williams %R line crosses the upper Bollinger Bands band from top to bottom. This indicates that the market may be overbought and ready for a correction. They are displayed as red triangles located above the Williams %R chart. On the main chart, the sell signals are displayed as red triangles with the word "Sell" above the candlesticks.
— Minimum Bars Between Signals
The user can adjust the minimum number of bars between the signals to avoid false signals. This helps to filter out noise and improve signal quality.
— Mode "Wait for Opposite Signal"
In this mode, buy and sell signals are generated only after receiving the opposite signal. This adds an additional level of filtering and helps to avoid false alarms.
— Mode "Overbought and Oversold Zones"
A buy signal is generated only when Williams %R is below the -80 level (Lower Band). A sell signal is generated only when Williams %R is above -20 (Upper Band).
📊 Divergences
— Bullish divergence occurs when Williams%R shows a higher low while price shows a lower low. This indicates a possible upward reversal. They are displayed as green lines and labels labeled "Bull" on the Williams %R chart. On the main chart, bullish divergences are displayed as green triangles labeled "Bull" under candlesticks.
— A bearish divergence occurs when Williams %R shows a lower high, while the price shows a higher high. This indicates a possible downward reversal. They are displayed as red lines and labels labeled "Bear" on the Williams %R chart. On the main chart, bearish divergences are displayed as red triangles with the word "Bear" above the candlesticks.
— 🔌Connector Signal🔌 and 🔌Connector Divergence🔌
It allows you to connect the indicator to trading strategies and test signals throughout the trading history. This makes the indicator an even more powerful tool for traders who want to test the effectiveness of their strategies on historical data.
🔔 Alerts
The indicator provides the ability to set up alerts for buy and sell signals, as well as for divergences. This allows traders to keep abreast of important market developments without having to constantly monitor the chart.
🎨 Customizable Appearance
Customize the appearance of Williams BBDiv Signal according to your preferences to make the analysis more convenient and visually pleasing. In the indicator settings section, you can change the colors of the buy and sell signals, as well as divergences, so that they stand out on the chart and are easily visible.
🔧 How it works
— The indicator starts by calculating the Williams %R and Bollinger Bands values for a certain period to assess market conditions. Initial assumptions are introduced for overbought and oversold levels, as well as for the standard deviation of the Bollinger Bands. The indicator then analyzes these values to generate buy and sell signals. This classification helps to determine the appropriate level of volatility for signal calculation. As the market evolves, the indicator dynamically adjusts, providing information about the trend and volatility in real time.
Quick Guide to Using Williams BBDiv Signal
— Add the indicator to your favorites by clicking on the star icon. Adjust the parameters, such as the period length for Williams %R, the type of moving average and the standard deviation for Bollinger Bands, according to your trading style. Or leave all the default settings.
— Adjust the signal filters to improve the quality of the signals and avoid false alarms, adjust the filters in the "Signal Settings" section.
— Turn on alerts so that you don't miss important trading opportunities and don't constantly sit at the chart, set up alerts for buy and sell signals, as well as for divergences. This will allow you to keep abreast of all key market developments and respond to them in a timely manner, without being distracted from other business.
— Use signals. They will help you determine the optimal entry and exit points for your positions. Also, pay attention to bullish and bearish divergences, which may indicate possible market reversals and provide additional trading opportunities.
— Use the 🔌Connector🔌 for deeper analysis and verification of the effectiveness of signals, connect it to your trading strategies. This will allow you to test signals throughout the trading history and evaluate their accuracy based on historical data. Include the indicator in your trading strategy and run testing to see how buy and sell signals have worked in the past. Analyze the test results to determine how reliable the signals are and how they can improve your trading strategy. This will help you make better informed decisions and increase your trading efficiency.
Visible and Anchored OTE chart [SYNC & TRADE]Thanks for the start @twingall
Visible and Anchored OTE chart
Indicator for visualizing price levels and optimal trading zones (OTE - Optimal Trading Entry) using Fibonacci levels.
Main features
Visualization of price ranges using two OTE zones:
OTE 70% (79-62 Fibonacci levels)
OTE 30% (21-38 Fibonacci levels)
Setting up time periods:
Ability to use a custom date range
Option to work with a higher time frame
Flexible display settings:
Choose between using candle bodies or the full range for binding
Customizable appearance of OTE boxes
Customizable text labels
Additional levels:
Middle line (50.5%)
Optional levels of 29.5%, 70.5% and 88%
Customizable Fibonacci extensions
Indicator settings
Main parameters
Use Custom Dates - enable a custom date range
Start Date/End Date - set a time range
Use Higher Timeframe - use a higher time frame
Higher Timeframe - select a higher timeframe
Setting up OTE zones
Show Fib Box - displaying OTE zones
Enable Fib Box 79-62 - enabling OTE zone 70%
Enable Fib Box 21-38 - enabling OTE zone 30%
Show Text - displaying text labels in zones
Visual design
Text Size - text size (tiny/small/medium/large)
Text Color - text color
Text Alignment - text alignment
Line Thickness - line thickness (1-4)
Line Style - line style (Solid/Dashed/Dotted)
Fibonacci levels
High/Low Lines - displaying extreme levels
Midline - displaying the middle line (50.5%)
Show 29.5 Line - additional level 29.5%
Show 70.5 Line - additional level 70.5%
Show 88 Line - additional level 88%
Extensions Fibonacci
There are 6 customizable extension levels available:
Ext#1 (default 1.0)
Ext#2 (default 1.27)
Ext#3 (default 1.62)
Ext#4 (default 2.0)
Ext#5 (default 2.62)
Ext#6 (default 3.62)
For each level, you can configure:
On/Off
Color
Meaning
Alerts
The indicator provides the following types of alerts:
Entering/Exiting OTE Zones:
Entering 70% OTE Zone
Exiting 70% OTE Zone
Entering 30% OTE Zone
Exiting 30% OTE Zone
Crossing Additional Levels:
Crossing 29.5% Level
Crossing 70.5% Level
Crossing 88% Level
Reaching Extension Levels Fibonacci:
Alerts for each configured extension level
Support for both positive and negative extensions
Usage
Add the indicator to the chart
Configure the required display parameters
Set alerts if necessary
Use OTE zones to identify potential entry points into the market
Notes
The indicator automatically updates when the visible area of the chart changes
When using a custom date range, make sure the selected period contains data
For correct operation with a higher time frame, make sure that historical data is available
Visible and Anchored OTE chart
Индикатор для визуализации ценовых уровней и зон оптимальной торговли (OTE - Optimal Trading Entry) с использованием уровней Фибоначчи.
Основные возможности
Визуализация ценовых диапазонов с помощью двух OTE зон:
OTE 70% (79-62 уровни Фибоначчи)
OTE 30% (21-38 уровни Фибоначчи)
Настройка временных периодов:
Возможность использования пользовательского диапазона дат
Опция работы с высшим таймфреймом
Гибкая настройка отображения:
Выбор между использованием тел свечей или полного диапазона для привязки
Настраиваемый внешний вид боксов OTE
Настраиваемые текстовые метки
Дополнительные уровни:
Средняя линия (50.5%)
Опциональные уровни 29.5%, 70.5% и 88%
Настраиваемые расширения Фибоначчи
Настройка индикатора
Основные параметры
Use Custom Dates - включение пользовательского диапазона дат
Start Date/End Date - установка временного диапазона
Use Higher Timeframe - использование высшего таймфрейма
Higher Timeframe - выбор высшего таймфрейма
Настройка OTE зон
Show Fib Box - отображение зон OTE
Enable Fib Box 79-62 - включение зоны OTE 70%
Enable Fib Box 21-38 - включение зоны OTE 30%
Show Text - отображение текстовых меток в зонах
Визуальное оформление
Text Size - размер текста (tiny/small/medium/large)
Text Color - цвет текста
Text Alignment - выравнивание текста
Line Thickness - толщина линий (1-4)
Line Style - стиль линий (Solid/Dashed/Dotted)
Уровни Фибоначчи
High/Low Lines - отображение крайних уровней
Midline - отображение средней линии (50.5%)
Show 29.5 Line - дополнительный уровень 29.5%
Show 70.5 Line - дополнительный уровень 70.5%
Show 88 Line - дополнительный уровень 88%
Расширения Фибоначчи
Доступно 6 настраиваемых уровней расширения:
Ext#1 (по умолчанию 1.0)
Ext#2 (по умолчанию 1.27)
Ext#3 (по умолчанию 1.62)
Ext#4 (по умолчанию 2.0)
Ext#5 (по умолчанию 2.62)
Ext#6 (по умолчанию 3.62)
Для каждого уровня можно настроить:
Включение/выключение
Цвет
Значение
Оповещения
Индикатор предоставляет следующие типы оповещений:
Вход/выход из зон OTE:
Вход в зону OTE 70%
Выход из зоны OTE 70%
Вход в зону OTE 30%
Выход из зоны OTE 30%
Пересечение дополнительных уровней:
Пересечение уровня 29.5%
Пересечение уровня 70.5%
Пересечение уровня 88%
Достижение уровней расширения Фибоначчи:
Оповещения для каждого настроенного уровня расширения
Поддержка как положительных, так и отрицательных расширений
Использование
Добавьте индикатор на график
Настройте необходимые параметры отображения
При необходимости установите оповещения
Используйте зоны OTE для определения потенциальных точек входа в рынок
Примечания
Индикатор автоматически обновляется при изменении видимой области графика
При использовании пользовательского диапазона дат убедитесь, что выбранный период содержит данные
Для корректной работы с высшим таймфреймом убедитесь в доступности исторических данных