Padrões gráficos
Futures Trading Botdit is een test en dit is opvul teskt omdat het moet.
Traders use technical indicators to gain insight into the supply and demand of securities and market psychology. Together, these indicators form the basis of technical analysis. Metrics, such as trading volume, provide clues as to whether a price move will continue. In this way, indicators can be used to generate buy and sell signals.
LDA-RSIThis RSI is just the standard 14 with a 5 overlay that I use to evaluate what a position might do. When zoomed in the 5 shows a trend either up or down before the 14. Instead of switching between the two of them, with them overlapping it gives me a better view of what is to come,
4-Frame Trend CountThis script tracks the current close vs the close from 4 time frames prior to spot a trend reversal after 9 consecutive up or down moves.
Richs Market StructureThis Pine Script indicator, "Last Bullish High & Lowest Low Tracker with Timeframe Background and Fill", is designed to visually track bullish and bearish trends based on price action on the current chart and a user-defined timeframe. It provides dynamic line plotting, area fills, and background coloring to represent trend alignment between the current chart and the selected timeframe.
Features and Functionalities
Tracks Bullish Highs and Bearish Lows:
The script identifies:
Bullish High: The highest price reached after a bullish (green) candle.
Bearish Low: The lowest price reached after a bearish (red) candle.
It dynamically updates these levels based on the price movements.
Line Plotting:
Current Chart Lines:
The Plotted Bullish High line (green/red) indicates the last bullish high.
The Lowest Low line (green/red) indicates the last bearish low.
Selected Timeframe Lines:
A separate set of lines is plotted for the user-defined timeframe (e.g., daily, weekly):
A Bullish High Line for the selected timeframe (lighter green).
A Lowest Low Line for the selected timeframe (lighter red).
Dynamic Area Fills:
The area between the Plotted Bullish High and Lowest Low is filled:
Green Fill: When both lines are green (indicating a bullish alignment).
Red Fill: When both lines are red (indicating a bearish alignment).
For the selected timeframe:
The area between the timeframe-specific Bullish High and Lowest Low is similarly filled with lighter colors.
Background Color Based on Timeframe Alignment:
The background color represents the trend alignment on the selected timeframe:
Green Background: When the timeframe’s Bullish High is rising and Lowest Low is rising (bullish trend).
Red Background: When the timeframe’s Bullish High is falling and Lowest Low is falling (bearish trend).
What It’s For
This indicator is designed for traders who want to:
Visualize Trends Across Timeframes:
It helps identify when the current chart’s trend aligns with a higher timeframe trend (e.g., daily, weekly).
Useful for multi-timeframe analysis.
Spot Bullish and Bearish Trends:
The color-coded lines and fills clearly show the dominant trend on both the current chart and the selected timeframe.
Plan Trades Based on Trend Alignment:
When the current chart and selected timeframe show the same trend:
Both lines and fills turn green (bullish).
Both lines and fills turn red (bearish).
This alignment is a potential signal for entering long or short trades.
Identify Reversals and Divergences:
Divergence between the current chart and timeframe trends (e.g., green on one, red on the other) may indicate trend weakening or reversal.
Visual Elements
Lines:
Solid lines (current chart): Represent the Plotted Bullish High and Lowest Low.
Dashed/lighter lines (selected timeframe): Represent the timeframe-specific Bullish High and Lowest Low.
Fills:
Green/Red fills highlight trend zones:
On the current chart (darker).
On the selected timeframe (lighter).
Background:
The entire chart background turns green or red based on the selected timeframe’s trend alignment.
Summary
This indicator is ideal for traders who want a clear visual representation of price trends and multi-timeframe alignment. It simplifies trend-following strategies by providing:
Easy-to-interpret fills and background colors.
Clear bullish and bearish zones.
Multi-timeframe trend confirmation.
Wick Length Display (Extended)Indicator Explanation
The Wick Length Display Indicator is a tool for traders that measures and displays the length of the upper and lower wicks of candles on a chart. Its main features include:
1. Visualization of Wick Lengths:
◦ For each green (bullish) and red (bearish) candle, the length of the upper and lower wicks is displayed as a text label.
◦ You can choose to display the lengths either in absolute units or converted to pips.
2. Thresholds for Display:
◦ To improve clarity, thresholds can be set for green and red candles.
◦ Only wicks longer than the specified threshold are displayed. The default threshold is 1.10 (adjustable).
3. Customizable Options:
◦ The threshold feature can be enabled or disabled via the menu.
◦ The colors and sizes of the text labels can be customized.
◦ The maximum number of labels displayed at any one time can also be limited.
4. "No Wick" Labels:
◦ If a candle has no upper or lower wick, a gray "No Wick" label is displayed to highlight this condition.
This indicator is especially useful for gaining quick visual insights into market volatility, identifying trends, or spotting potential reversal points in the chart.
LPS Screener by Wyckoffקריטריונים טכניים
המחיר צריך להיות מעל ממוצע נע 50 ו 200
נפח המסחר קטן מהממוצע ב 10 ימיים האחרונים
גוף הנר קטן ביחס לתנודתיות הכוללת
שינויים יומיים קטנים כלומר אין תנודתיות חריגה
אם המנייה קרובה לשיא שנתי היא מסומנת כחיובית
נרות המתאימים לLPS יסומנו עם תווית "LPS מתחת לגרף
רקע ירוק יופי כדי לסמן גרפים בעלי פוטנציאל
Technical criteria
The price should be above the 50 and 200 moving average
The trading volume is 10 days lower than the average
The body of the candle is small for volatility
Small changes meaning no abnormal volatility
If the stock is close to an annual high it is marked as positive
Candlesticks suitable for LPS will be labeled "LPS" below the graph
A nice green background to mark graphs with potential
Breaks and Retests - Free990Strategy Description: "Breaks and Retests - Free990"
The "Breaks and Retests - Free990" strategy is based on identifying breakout and retest opportunities for potential entries in both long and short trades. The idea is to detect price breakouts above resistance levels or below support levels, and subsequently identify retests that confirm the breakout levels. The strategy offers an automated approach to enter trades after a breakout followed by a retest, which serves as a confirmation of trend continuation.
Key Components:
Support and Resistance Detection:
The strategy calculates pivot levels based on historical price movements to define support and resistance areas. A lookback range is used to determine these key levels.
Breakouts and Retests:
The system identifies when a breakout occurs above a resistance level or below a support level.
It then waits for a retest of the previously broken level as confirmation, which is often a better entry opportunity.
Trade Direction Selection:
Users can choose between "Long Only," "Short Only," or "Both" directions for trading based on their market view.
Stop Loss and Trailing Stop:
An initial stop loss is placed at a defined percentage away from the entry.
The trailing stop loss is activated after the position gains a specified percentage in profit.
Long Entry:
A long entry is triggered if the price breaks above a resistance level and subsequently retests that level successfully.
The entry condition checks if the breakout was confirmed and if a retest was valid.
The long entry is only executed if the user-selected direction is either "Long Only" or "Both."
Short Entry:
A short entry is triggered if the price breaks below a support level and subsequently retests that level.
The short entry is only executed if the user-selected direction is either "Short Only" or "Both."
sell_condition checks whether the support has been broken and whether the retest condition is valid.
An initial stop loss is placed when the trade is opened to limit the risk if the trade moves against the position.
The stop loss is calculated based on a user-defined percentage (stop_loss_percent) of the entry price.
pinescript
Copy code
stop_loss_price := strategy.position_avg_price * (1 - stop_loss_percent / 100)
For long positions, the stop loss is placed below the entry price.
For short positions, the stop loss is placed above the entry price.
Trailing Stop:
When a position achieves a certain profit threshold (profit_threshold_percent), the trailing stop mechanism is activated.
For long positions, the trailing stop follows the highest price reached, ensuring that some profit is locked in if the price reverses.
For short positions, the trailing stop follows the lowest price reached.
Code Logic for Trailing Stop:
Exit Execution:
The strategy exits the position when the price hits the calculated stop loss level.
This includes both the initial stop loss and the trailing stop that adjusts as the trade progresses.
Code Logic for Exit:
Summary:
Breaks and Retests - Free990 uses support and resistance levels to identify breakouts, followed by retests for confirmation.
Entry Points: Triggered when a breakout is confirmed and a retest occurs, for both long and short trades.
Exit Points:
Initial Stop Loss: Limits risk for both long and short trades.
Trailing Stop Loss: Locks in profits as the price moves in favor of the position.
This strategy aims to capture the momentum after breakouts and minimize losses through effective use of stop loss and trailing stops. It gives the flexibility of selecting trade direction and ensures trades are taken with confirmation through the retest, which helps to reduce false breakouts.
Original Code by @HoanGhetti
Price Action Dynamics Oscillator (PADO)1 minute ago
Price Action Dynamics Oscillator (PADO)
Indicator Overview and Technical Deep Dive
Concept and Philosophy
The Price Action Dynamics Oscillator (PADO) is a sophisticated technical analysis tool designed to provide multi-dimensional insights into market behavior by decomposing price action into manipulation and distribution metrics. The indicator goes beyond traditional momentum or trend indicators by introducing a nuanced approach to understanding market microstructure.
Key Architectural Components
1. Timeframe and Depth Selection
Pivot Depth Options:
Short Term (Length: 12 periods)
Intermediate Term (Length: 20 periods)
Long Term (Length: 100 periods)
This flexible configuration allows traders to adapt the indicator's sensitivity to different market conditions and trading styles.
2. Core Calculation Methodology
Manipulation Metrics
Calculates manipulation differently for green (bullish) and red (bearish) candles
Normalized against Average True Range (ATR) for consistent comparison across different volatility environments
Green Candle Manipulation: (Open - Low) / ATR
Red Candle Manipulation: (High - Open) / ATR
Distribution Metrics
Measures the directional strength and potential momentum shift
Green Candle Distribution: (Close - Open)
Red Candle Distribution: (Open - Close)
3. Normalization and Smoothing
Uses Simple Moving Average (SMA) for smoothing
Dynamic length calculation based on price range distance
Ensures minimum SMA length of 2 to prevent calculation errors
Unique Features
Visualization Toggles
Traders can selectively display:
Manipulation data
Distribution data
Long-term reference lines
Valuation metrics
Strategy signals
Valuation Comparative Analysis
Compares current manipulation and distribution metrics to 1000-bar long-term averages
Color-coded visualization for quick interpretation
Blue: Manipulation above average
Purple: Manipulation below average
Orange: Distribution above average
Yellow: Distribution below average
Strategy Deployment
Generates a composite strategy signal by comparing manipulation and distribution valuations
Uses Exponential Moving Average (EMA) for smoother signal generation
Incorporates volatility bands for context-aware signal interpretation
Quadrant Analysis
Classifies market state into four quadrants based on manipulation and distribution valuations:
Q1: Low Manipulation, High Distribution
Q2: High Manipulation, High Distribution
Q3: Low Manipulation, Low Distribution
Q4: High Manipulation, Low Distribution
Each quadrant is color-coded to provide visual market state representation.
Warning Signals
Manipulation Warning: When strategy crosses below low volatility band
Distribution Warning: When strategy crosses above high volatility band
Visual Indicators
Bar coloration based on strategy momentum
Multiple color states representing different market dynamics
Recommended Use Cases
Intraday and swing trading
Multi-timeframe market analysis
Volatility and momentum assessment
Trend reversal and continuation identification
Potential Limitations
Complexity might require significant trader education
Performance can vary across different market conditions
Requires careful parameter optimization
Recommended Settings
Best used on liquid markets with clear price action
Ideal for:
Forex
Futures
Large-cap stocks
Cryptocurrency pairs
Customization and Optimization
Traders should:
Backtest across multiple assets
Adjust timeframe settings
Calibrate visualization toggles
Use in conjunction with other technical indicators
Licensing
Mozilla Public License 2.0
Open-source and modification-friendly
Conclusion
The PADO represents an advanced approach to market analysis, blending traditional technical analysis with innovative metrics for deeper market understanding.
PADO Quadrant Color Analysis: Deep Dive
Quadrant Color Scheme Breakdown
Quadrant 1: Lime Green Background (RGB: 0, 255, 21, 90)
Condition: val_manip < 1 AND val_distr > 1
Market Interpretation:
Low Manipulation Pressure
High Distribution Activity
Potential Scenario:
Smart money might be gradually distributing positions
Trading Implications:
Caution for current trend followers
Potential preparation for trend change
Increased probability of consolidation or reversal
Quadrant 2: Bright Blue Background (RGB: 0, 191, 255, 90)
Condition: val_manip > 1 AND val_distr > 1
Market Interpretation:
High Manipulation Pressure
High Distribution Activity
Potential Scenario:
Strong institutional involvement
Potential market transition phase
Significant volume and momentum
Trading Implications:
High volatility expected
Increased market uncertainty
Potential for sharp price movements
Requires careful risk management
Quadrant 3: Light Gray Background (RGB: 252, 252, 252, 90)
Condition: val_manip < 1 AND val_distr < 1
Market Interpretation:
Low Manipulation Pressure
Low Distribution Activity
Potential Scenario:
Market consolidation
Reduced institutional activity
Potential low-volatility period
Trading Implications:
Range-bound market
Reduced trading opportunities
Potential setup for future breakout
Ideal for mean reversion strategies
Quadrant 4: Light Yellow Background (Hex: #f6ff0019)
Condition: val_manip > 1 AND val_distr < 1
Market Interpretation:
High Manipulation Pressure
Low Distribution Activity
Potential Scenario:
Accumulation of positions
Trading Implications:
Increased probability of directional move soon
Color Psychology and Technical Significance
Color Selection Rationale
Lime Green (Q1): Represents potential growth and transition
Bright Blue (Q2): Signifies high energy and institutional activity
Light Gray (Q3): Indicates neutrality and consolidation
Transparent Green (Q4): Suggests emerging trend potential
Advanced Interpretation Guidelines
Color Transition Analysis
Observe how the quadrant colors change
Rapid color shifts might indicate:
Market regime changes
Shifts in institutional sentiment
Potential trend acceleration or reversal
Technical Implementation Notes
Calculation Snippet
pinescriptCopyq1 = (val_manip < 1) and (val_distr > 1)
q2 = (val_manip > 1) and (val_distr > 1)
q3 = (val_manip < 1) and (val_distr < 1)
q4 = (val_manip > 1) and (val_distr < 1)
bgcolor(q1 ? color.rgb(0, 255, 21, 90):
q2 ? color.rgb(0, 191, 255, 90):
q3 ? color.rgb(252, 252, 252, 90):
q4 ? #f6ff0019:na)
Alpha Channel (Transparency)
90 and 0x19 values ensure background color doesn't overwhelm chart
Allows underlying price action to remain visible
Subtle visual cue without significant chart obstruction
Practical Trading Recommendations
Never Trade Solely on Quadrant Colors
Use as a complementary analysis tool
Combine with other technical and fundamental indicators
Timeframe Considerations
Validate quadrant signals across multiple timeframes
Longer timeframes provide more reliable signals
Risk Management
Set appropriate stop-loss levels
Use position sizing strategies
Be prepared for false signals
Recommended Workflow
Identify current quadrant
Assess overall market context
Confirm with other indicators
Execute with proper risk management
TMA Bands TMA (Triangular Moving Average):
Üçgen hareketli ortalamalar, fiyat verilerini yumuşatarak trendi daha net göstermek için kullanılır.
"Centered Asymmetric Bands" terimi, bu indikatörün merkezlenmiş bir yapıda çalıştığını ve farklı genişliklerde bantlar içerdiğini gösteriyor.
Consecutive Lower Highs/Higher Lows v1 [tradinggeniusberlin]This indicator counts the lower highs and higher low streaks. If the streak is above a certain threshold a buy or exit arrow is shown.
Idea:
The probability of a reversal is rising the more lower highs the asset had already because if mean reversion tendencies of asset prices. Especially in uptrend above the 20ma and/or 50ma.
How to use it:
In Uptrends, lower high streak of 3 or more, enter at first new high.
Support/Resistance Strength [UAlgo]The Support/Resistance Strength indicator is a tool designed for traders seeking a precise understanding of key support and resistance levels in the market. This tool dynamically identifies and visualizes support and resistance zones based on pivot points and strength criteria, providing traders with actionable insights for better decision-making.
By incorporating features such as ATR-based or percentage-based channel calculations, customizable strength thresholds, and intuitive visualization of key levels, the indicator caters to traders of various skill levels and strategies. It also adapts dynamically to market conditions, allowing users to identify frequently tested zones with minimal manual input.
🔶 Key Features
Dynamic Support and Resistance Zones
Automatically detects significant support and resistance levels using pivot high and low calculations.
Offers ATR-based or percentage-based channel customization to cater to diverse trading styles.
Customizable Parameters
Lookback period for pivot calculations, strength threshold, and maximum stored pivots are fully adjustable.
Display options for showing specific numbers of recent support/resistance lines.
Intuitive Visualization
Highlights key support and resistance levels with color-coded lines and labels.
Includes percentage deviation from the current price for quick assessment.
Interactive Updates
Continuously updates support and resistance levels to reflect changing market dynamics.
Displays pivot points visually for enhanced clarity.
Can be used effectively on various timeframes, from intraday to daily and weekly charts.
🔶 Interpreting the Indicator
Identifying Key Levels
Support levels are indicated by green (lime) lines and resistance levels by red lines. The transparency of colors is adjustable for visual preference.
Labels display the exact price level and the percentage difference from the current price.
Strength Threshold
The "Minimum S/R Strength" parameter defines how frequently a level must be tested to be considered significant.
Higher strength values indicate zones that have been tested more frequently, suggesting stronger support or resistance.
Pivot Points
The indicator marks pivot high and low points on the chart to provide a visual representation of the calculated levels.
Dynamic Updates
The indicator adapts to the most recent price action. If the price moves above a resistance level or below a support level, the color of the lines and labels will dynamically change to reflect the current price positioning.
🔶 Disclaimer
Use with Caution: This indicator is provided for educational and informational purposes only and should not be considered as financial advice. Users should exercise caution and perform their own analysis before making trading decisions based on the indicator's signals.
Not Financial Advice: The information provided by this indicator does not constitute financial advice, and the creator (UAlgo) shall not be held responsible for any trading losses incurred as a result of using this indicator.
Backtesting Recommended: Traders are encouraged to backtest the indicator thoroughly on historical data before using it in live trading to assess its performance and suitability for their trading strategies.
Risk Management: Trading involves inherent risks, and users should implement proper risk management strategies, including but not limited to stop-loss orders and position sizing, to mitigate potential losses.
No Guarantees: The accuracy and reliability of the indicator's signals cannot be guaranteed, as they are based on historical price data and past performance may not be indicative of future results.
Refined Entries with AlertsHELLO? this is an indicator that uses, different strategies to find you some nice entries, you can try using it and also feel free to help me add more on it to make it easy, to trade.
ROI Levels IndicatorROI Levels Indicator 📈💰
Description: The "ROI Levels Indicator" helps you visualize key Return on Investment (ROI) levels directly on your chart, making it easier to track your profit milestones! 🚀 This tool allows you to enter your entry price, and it calculates levels from 100% up to 1000% ROI, each with a spread to represent potential support and resistance zones. The levels are visually represented by red rectangles to help identify zones where the market might react. This is a great way for traders to easily understand profit-taking points and psychological price levels!
Features:
🛠️ Custom Entry Price: Set your own entry price to start calculating ROI levels.
📊 Multiple ROI Levels: Levels from 100% to 1000%, with a customizable spread for visual clarity.
🔴 Visual Representation: Each level is marked with a full-screen-width rectangle and label, making it easy to track.
🚨 Entry Price Plot: A red dashed line marks your entry price for easy reference.
How to Use:
Enter Your Price: Use the "Entry Price" input field to specify the entry price of your trade.
Spread Adjustment: Adjust the spread percentage if you want more or less tolerance around each ROI level.
View the Levels: The script automatically plots 100% to 1000% ROI levels. Each level is represented by a red rectangle and labeled on the right side for quick identification.
Track Profit Zones: Use the plotted ROI levels to identify key profit-taking areas or potential zones of support and resistance.
Pro Tip: Use these levels as reference points to decide when to scale out of positions or manage risk effectively! 🎯
Happy trading, and may your ROI always be on the rise! 📈🔥
Stock vs Sector Comparison with HighlightsThis graph is meant as a support to select a stock that is expected to perform better than the sector.
The graph is based on weekly chart. So this is a medium / long term strategy.
How is expected to be used: when the stock has under performed the sector for some time, there is a natural tendence that it will catch up with the sector again. So, for example, if the color change from green to red, you should consider find another stock in the sector. If the stock looses the green color, but is not red yet, you should wait. And vice versa if you start with red. However, life is not that simple, as you can get fake signal. To mitigate this problem, you can adjust the threshold in the input setting, so just go for the signal after x weeks over/underperforming. You also need remember to select the sector in the settings, as the sector is not give automatically when you select the stock.
Below the sectors used:
Sector Name Ticker
S&P 500 (Market Index) SPY
Technology XLK
Financials XLF
Consumer Discretionary XLY
Industrials XLI
Health Care XLV
Consumer Staples XLP
Energy XLE
Utilities XLU
Communication Services XLC
Real Estate XLRE
Materials XLB
DI Oscillator with Adjustments by DSPDI Oscillator with Adjustments by DSP – High-Volatility Commodity Trading Tool 📈💥
Maximize Your Trading Efficiency in volatile commodity markets with the DI Oscillator with Adjustments by DSP. This unique indicator combines the classic +DI and -DI (Directional Indicators) with advanced adjustments that help you identify key trends and reversals in highly volatile conditions.
Whether you're trading commodities, forex, or stocks, this tool is engineered to help you navigate price fluctuations and make timely, informed decisions. Let this powerful tool guide you through turbulent market conditions with ease!
Key Features:
Dynamic Background Color Shifts 🌈:
Green Background: Signals a strong uptrend where +DI is clearly above -DI, and the trend is supported by clear separation between the two indicators.
Red Background: Signals a strong downtrend where -DI is above +DI, indicating bearish pressure.
Violet Background: Shows a neutral or consolidating market where the +DI and -DI lines are closely interwoven, giving you a clear picture of sideways movement.
Buy and Sell Labels 📊:
Buy Signal: Automatically triggers when the background changes to green, indicating a potential entry point during a bullish trend.
Sell Signal: Automatically triggers when the background shifts from purple to red, indicating a bearish trend reversal.
Labels are positioned away from the bars, ensuring your chart remains uncluttered and easy to read.
Enhanced Adjustments for Volatile Markets ⚡:
Custom adjustments based on consecutive green or red bars (excluding “sandwiched” bars) provide you with more nuanced signals, improving the accuracy of trend detection in volatile conditions.
Horizontal Line Reference 📏:
Set a custom horizontal level to mark significant price levels that may act as resistance or support, helping you identify key price points in volatile market swings.
Separation Threshold 🧮:
A custom separation threshold defines when the +DI and -DI lines are far enough apart to confirm a strong trend. This is crucial for commodity markets that experience rapid price changes and fluctuations.
Visual Clarity ✨:
Both +DI and -DI lines are plotted clearly in green and red, respectively, with a dedicated background color system that makes trend shifts visually intuitive.
Why This Indicator Works for Volatile Commodities 🌍📊:
Commodity markets are notorious for their volatility, with prices often experiencing rapid and unpredictable movements. This indicator gives you clear visual cues about trend strength and reversals, enabling you to act quickly and confidently.
By adjusting the +DI based on consecutive green and red bars, this tool adapts to the specific price action in high-volatility conditions, helping you stay ahead of the curve.
The background color system ensures that you can visually track market trends at a glance, making it easier to make split-second decisions without missing opportunities.
How to Use:
Add the Indicator: Simply add the DI Oscillator with Adjustments by DSP to your TradingView chart.
Watch for Background Color Shifts: Stay alert for the background color to shift from violet to green (for buy) or purple to red (for sell), signaling potential trade opportunities.
Set Alerts: Receive notifications when background color changes, providing you with real-time alerts to keep track of market movements.
Interpret the DI Lines: Use the +DI and -DI lines to gauge trend strength and adjust your strategy accordingly.
Who Can Benefit:
Day Traders: Take advantage of quick trend reversals and high volatility in commodities markets, such as gold, oil, or agricultural products.
Swing Traders: Identify key trend shifts over longer periods, making it easier to enter or exit trades during major price movements.
Risk Managers: Use this tool’s visual cues to better understand price fluctuations and adjust your position sizes according to market conditions.
💡 Unlock Your Potential with the DI Oscillator 💡
For traders in high-volatility commodity markets, this indicator is a game-changer. It simplifies the complexity of trend analysis and gives you the actionable insights you need to make fast, profitable decisions. Whether you're trading gold, oil, or other volatile commodities, the DI Oscillator with Adjustments by DSP can help you navigate market chaos and make better-informed trades.
Don’t miss out — enhance your trading strategy today with this powerful tool and stay ahead in any market environment!
Enigma UnlockedENIGMA Indicator: A Comprehensive Market Bias & Success Tracker
The ENIGMA Indicator is a powerful tool designed for traders who aim to identify market bias, track price movements, and evaluate trade performance using multiple timeframes. It combines multiple indicators and advanced logic to provide real-time insights into market trends, helping traders make more informed decisions.
Key Features
1. Multi-Timeframe Bias Calculation:
The ENIGMA Indicator tracks the market bias across multiple timeframes—Daily (D), 4-Hour (H4), 1-Hour (H1), 30-Minute (30M), 15-Minute (15M), 5-Minute (5M), and 1-Minute (1M).
How the Bias is Created:
The Bias is a key feature of the ENIGMA Indicator and is determined by comparing the current price with previous price levels for each timeframe.
- Bullish Bias (1): The market is considered **bullish** if the **current closing price** is higher than the **previous timeframe’s high**. This suggests that the market is trending upwards, and buyers are in control.
- Bearish Bias (-1): The market is considered **bearish** if the **current closing price** is lower than the **previous timeframe’s low**. This suggests that the market is trending downwards, and sellers are in control.
- Neutral Bias (0): The market is considered **neutral** if the price is between the **previous high** and **previous low**, indicating indecision or a range-bound market.
This bias calculation is performed independently for each timeframe. The **Bias** for each timeframe is then displayed in the **Bias Table** on your chart, providing a clear view of market direction across multiple timeframes.
2. **Customizable Table Display:**
- The indicator provides a table that displays the bias for each selected timeframe, clearly marking whether the market is **Bullish**, **Bearish**, or **Neutral**.
- Users can choose where to place the table on the chart: top-left, top-right, bottom-left, bottom-right, or center positions, allowing for easy and personalized chart management.
3. **Win/Loss Tracker:**
- The table also tracks the **success rate** of **buy** and **sell** trades based on price retests of key bias levels.
- For each period (Day, Week, Month), it tracks how often the price has moved in the direction of the initial bias, counting **Buy Wins**, **Sell Wins**, **Buy Losses**, and **Sell Losses**.
- This helps traders assess the effectiveness of the market bias over time and adjust their strategies accordingly.
#### **How the Success Calculation Determines the Success Rate:**
The **Success Calculation** is designed to track how often the price follows the direction of the market bias. It does this by evaluating how the price retests key levels associated with the identified market bias:
1. **Buy Success Calculation**:
- The success of a **Buy Trade** is determined when the price breaks above the **previous high** after a **bullish bias** has been identified.
- If the price continues to move higher (i.e., makes a new high) after breaking the previous high, the **buy trade is considered successful**.
- The indicator tracks how many times this condition is met and counts it as a **Buy Win**.
2. **Sell Success Calculation**:
- The success of a **Sell Trade** is determined when the price breaks below the **previous low** after a **bearish bias** has been identified.
- If the price continues to move lower (i.e., makes a new low) after breaking the previous low, the **sell trade is considered successful**.
- The indicator tracks how many times this condition is met and counts it as a **Sell Win**.
3. **Failure Calculations**:
- If the price does not move as expected (i.e., it does not continue in the direction of the identified bias), the trade is considered a **loss** and is tracked as **Buy Loss** or **Sell Loss**, depending on whether it was a bullish or bearish trade.
The ENIGMA Indicator keeps a running tally of **Buy Wins**, **Sell Wins**, **Buy Losses**, and **Sell Losses** over a set period (which can be customized to Days, Weeks, or Months). These statistics are updated dynamically in the **Bias Table**, allowing you to track your success rate in real-time and gain insights into the effectiveness of the market bias.
#### **Customizable Period Tracking:**
- The ENIGMA Indicator allows you to set custom tracking periods (e.g., 30 days, 2 weeks, etc.). The performance metrics reset after each tracking period, helping you monitor your success in different market conditions.
5. **Interactive Settings:**
- **Lookback Period**: Define how many bars the indicator should consider for bias calculations.
- **Success Tracking**: Set the number of candles to track for calculating the win/loss performance.
- **Time Threshold**: Set a time threshold to help define the period during which price retests are considered valid.
- **Info Tooltip**: You can enable the information tool in the settings to view detailed explanations of how wins and losses are calculated, ensuring you understand how the indicator works and how the results are derived.
#### **How to Use the ENIGMA Indicator:**
1. **Install the Indicator**:
- Add the ENIGMA Indicator to your chart. It will automatically calculate and display the bias for multiple timeframes.
2. **Interpret the Bias Table**:
- The bias table will show whether the market is **Bullish**, **Bearish**, or **Neutral** across different timeframes.
- Look for alignment between the timeframes—when multiple timeframes show the same bias, it may indicate a stronger trend.
3. **Use the Win/Loss Tracker**:
- Track how well your trades align with the bias using the **Win/Loss Tracker**. This helps you refine your strategy by understanding which timeframes and biases lead to higher success rates.
- For example, if you see a high number of **Buy Wins** and a low number of **Sell Wins**, you may decide to focus more on buying during bullish trends and avoid selling during bearish retracements.
4. **Track Your Period Performance**:
- The indicator will automatically track your performance over the set period (Days, Weeks, Months). Use this data to adjust your approach and evaluate the effectiveness of your trading strategy.
5. **Position the Table**:
- Customize the placement of the table on your chart based on your preferences. You can choose from options like **Top Left**, **Top Right**, **Bottom Left**, **Bottom Right**, or **Center** to keep the chart uncluttered.
6. **Adjust Settings**:
- Modify the indicator settings according to your trading style. You can adjust the **Lookback Period**, **Number of Candles to Track**, and **Time Threshold** to match the pace of your trading.
7. **Use the Info Tooltip**:
- Enable the **Info Tool** in the settings to understand how the Buy/Sell Wins and Losses are calculated. The tooltip provides a breakdown of how the indicator tracks price movements and calculates the success rate.
**Conclusion:**
The **ENIGMA Indicator** is designed to help traders make informed decisions by providing a clear view of the market bias and performance data. With the ability to track bias across multiple timeframes and evaluate your trading success, it can be a powerful tool for refining your trading strategies.
Whether you're looking to focus on a single timeframe or analyze multiple timeframes for a stronger bias, the ENIGMA Indicator adapts to your needs, providing both real-time market insights and performance feedback.
PSP Indicator [Elbaz]Precision Swing Point or PSP is a unique technical analysis tool designed to compare the price action of three tickers that are in sync.
It highlights moments when the price structure diverges between the markets, identifying ideal entry points for trades - We would like to enter a trade when we found PSP and one of the tickers took the wick while others didn't.
This strategy provides an edge by focusing on periods of desynchronization between the indices, where one index may be showing strength while another is lagging. The idea is to find the moments where the candle colors (bullish or bearish) differ across the markets, then wait for one of the tickers to "take" the wick of the PSP while other didn't and enter a trade.
Once a divergence is detected, the indicator plots an arrow on the chart, signaling a potential trade entry. To minimize risk, a good place to put stop loss will at the end of the wick of the PSP — the high or low wick of the candle where the divergence occurs.
The PSP Indicator allows for several custom inputs:
- Tickers: Customize the tickers to compare. The default values are S&P 500 E-mini, NASDAQ E-mini, and Dow Jones E-mini, if you trade Crypto you might want to use BTC, ETH, TOTAL3.
- Lookback Period: The lookback input defines how far back the indicator should evaluate to calculate the price structure point.
- Highlight Bar Times: Users can specify particular times during the trading day to highlight, such as the market open or significant news events. This helps traders focus on key trading windows.
First 15-Min Candle Detector [With Breakout Alerts]Indicator: First 15-Minute Candle Detector
Purpose
This indicator helps traders by identifying and marking the high, low, and mid-point of the first 15-minute candle of the market session. It also provides visual aids and alerts for price breakouts above or below these levels, making it ideal for intraday trading strategies.
This script is suitable for traders focusing on early session momentum or reversal strategies.
Key Features
Market Start Customization: Configure the market start time (hour and minute) to align with your trading session or exchange timezone.
Visual Aids:
Horizontal lines to mark the High , Low , and Mid-point of the first 15-minute candle.
Background highlighting to identify the first 15-minute candle.
Configurable colors and line widths for clear visuals.
Breakout Alerts:
Real-time alerts for breakouts above the high or below the low of the first 15-minute candle.
Customizable alert messages.
Alerts configured using alertcondition .
Dynamic Adjustments:
Adapts dynamically to timeframes of 15 minutes or lower.
Resets and recalculates at the start of each new session.
Inputs and Configurations
Market Settings:
Market Start Hour: Default is 9.
Market Start Minute: Default is 30.
Visual Settings:
Enable/disable background highlighting.
Set colors for the background, high line, low line, and mid-line.
Adjust line width (1 to 5).
Toggle the visibility of the mid-line.
Alert Settings:
Enable breakout alerts.
Set custom alert messages for high and low breakouts.
How It Works
// First 15-Minute Candle Detection
The indicator monitors the first 15-minute candle after the market opens based on the configured start time. It records the high , low , and calculates the mid-point of this candle.
// Visual Markings
Horizontal lines are drawn at the high, low, and mid-point of the first 15-minute candle, extending to the right for the rest of the session.
// Breakout Detection
The indicator checks for price breakouts above the high or below the low of the first 15-minute candle and triggers alerts if enabled.
// Dynamic Reset
The indicator resets values and deletes previous session lines at the start of each new session.
Conditions and Alerts
Breakout Conditions:
High Breakout: The closing price exceeds the high of the first 15-minute candle.
Low Breakout: The closing price falls below the low of the first 15-minute candle.
Alert Triggers: Configurable alerts notify you of breakouts in real-time.
Use Cases
Intraday Traders: Ideal for early-session momentum or reversal strategies.
Breakout Traders: Helps identify entry points when price breaks key levels.
Visual Clarity: Simplifies tracking important session levels.
Limitations
Works only on 15-minute or lower timeframes.
Requires accurate market start time configuration.
Flag Screener [QuantVue]Flag Screener is a screening tool that identify bull and bear flags in up to 40 different symbols.
The indicator takes a comma separated list of symbols and then scans the symbols in real time to detect bull or bear flags.
What are flags
Flags are continuation patterns that occur within the general trend of the security. A bull flag represents a temporary pause or consolidation before price resumes it's upward movement, while a bear flag occurs before price continues its downward movement.
Both flag patterns consist of two components:
The Pole
The Flag
The pole is the initial strong upward surge or decline that precedes the flag. The pole is usually a fast move accompanied by heavy volume signaling significant buying or selling pressure.
The flag is then formed as price consolidates after the initial surge or decline from the pole. For a bull flag price will drift slightly downward to sideways, a bear flag will drift upward to sideways. The best flags often see volume dry up during this phase of the pattern.
Indicator Settings
Both components are fully customizable in the indicator so the user can adjust for any time frame or volatility. Select the minimum and maximum accepted limits from the % gain loss required for the pole, the maximum acceptable flag depth or rally and the minimum and maximum number of bars for each component.
Eze Profit Range Detection FilterThe Range Detection Filter is a technical analysis tool designed to help traders identify range-bound market conditions and focus on breakout opportunities. It combines the ATR (Average True Range) for volatility analysis and the ADX (Average Directional Index) for trend strength evaluation to highlight consolidation phases and alert traders when the market is ready to break out.
This indicator provides visual cues and customizable alerts, making it suitable for traders looking to avoid false signals during choppy markets and capitalize on trending moves following a breakout.
What Makes It Unique?
ATR for Volatility:
Measures market volatility by comparing ATR with its moving average.
Consolidation phases are flagged when ATR remains below its moving average for a sustained period.
ADX for Trend Strength:
Monitors trend strength, confirming range-bound conditions when ADX falls below a user-defined threshold (default: 20).
Combines with ATR to ensure accurate detection of trendless periods.
Breakout Alerts:
Notifies traders of breakout opportunities when the price moves outside the highest high or lowest low of the range.
How It Works:
Range Detection:
The market is considered "in range" when:
ATR is below its moving average, indicating low volatility.
ADX is below the threshold, confirming a lack of trend strength.
Visual Indication:
A yellow background highlights range-bound conditions, allowing traders to avoid low-probability trades.
Breakout Detection:
Alerts are triggered for breakouts above or below the range to help traders identify potential opportunities.
Features:
Range Highlighting:
Automatically detects and highlights range-bound markets using a yellow background.
Breakout Alerts:
Sends alerts for breakouts above or below the range once the market exits consolidation.
Customizable Inputs:
ATR length, moving average length, and ADX parameters are fully adjustable to adapt to various trading styles and asset classes.
Multi-Timeframe Compatibility:
Suitable for all markets and timeframes, including stocks, forex, and cryptocurrencies.
How to Use:
Identify Ranges:
Avoid trading when the yellow background appears, signaling a range-bound market.
Focus on Breakouts:
Look for alerts indicating breakouts above or below the range for potential trending opportunities.
Combine with Other Indicators:
Use volume analysis, momentum oscillators, or candlestick patterns to confirm breakout signals.
Credits:
This script utilizes widely accepted methodologies for ATR and ADX calculations. ADX is calculated manually using directional movement (+DI and -DI) for precise trend detection. The concept has been adapted and enhanced to create this comprehensive range-detection tool.
Notes:
This indicator is intended for educational purposes and should not be used as standalone financial advice.
Always incorporate this tool into a broader trading strategy for optimal results.
EMA with Supply and Demand Zones
The EMA with Supply and Demand Strategy is a trend-following trading approach that integrates Exponential Moving Averages (EMA) with supply and demand zones to identify potential entry and exit points. Below is a detailed description of its components and logic:
Key Components of the Strategy
1. EMA (Exponential Moving Average)
The EMA is used as a trend filter:
Bullish Trend: Price is above the EMA.
Bearish Trend: Price is below the EMA.
The EMA ensures that trades align with the overall market trend, reducing counter-trend risks.
2. Supply and Demand Zones
Demand Zone:
Represents areas where the price historically found support (buyers dominated).
Calculated using the lowest low over a specified lookback period.
Used for identifying potential long entry points.
Supply Zone:
Represents areas where the price historically faced resistance (sellers dominated).
Calculated using the highest high over a specified lookback period.
Used for identifying potential short entry points.
3. Trade Conditions
Long Trade:
Triggered when:
The price is above the EMA (bullish trend).
The low of the current candle touches or penetrates the most recent demand zone.
Short Trade:
Triggered when:
The price is below the EMA (bearish trend).
The high of the current candle touches or penetrates the most recent supply zone.
4. Exit Conditions
Long Exit:
Exit the trade when the price closes below the EMA, indicating a potential trend reversal.
Short Exit:
Exit the trade when the price closes above the EMA, signaling a potential upward reversal.
Visual Representation
EMA: A blue line plotted on the chart to show the trend.
Supply Zones: Red horizontal lines representing potential resistance levels.
Demand Zones: Green horizontal lines representing potential support levels.
These zones dynamically adjust to reflect the most recent 3 levels.
How the Strategy Works
Trend Identification:
The EMA determines the direction of the trade:
Look for long trades only in a bullish trend (price above EMA).
Look for short trades only in a bearish trend (price below EMA).
Entry Points:
Wait for price interaction with a supply or demand zone:
If the price touches a demand zone during a bullish trend, initiate a long trade.
If the price touches a supply zone during a bearish trend, initiate a short trade.
Risk Management:
The strategy exits trades if the price moves against the trend (crosses the EMA).
This ensures minimal exposure during adverse market movements.
Benefits of the Strategy
Trend Alignment:
Reduces counter-trend trades, improving the win rate.
Clear Entry and Exit Rules:
Combines price action (zones) with a reliable trend filter (EMA).
Dynamic Levels:
The supply and demand zones adapt to changing market conditions.
Customization Options
EMA Length:
Adjust to suit different timeframes or market conditions (e.g., 20 for faster trends, 50 for slower trends).
Lookback Period:
Fine-tune to capture broader or narrower supply and demand zones.
Risk/Reward Preferences:
Pair the strategy with stop-loss and take-profit levels for enhanced control.
This strategy is ideal for traders looking for a structured approach to identify high-probability trades while aligning with the prevailing trend. Backtest and optimize parameters based on your trading style and the specific asset you're tradin
Candle Pair Markerin a 5 minute time frame the identify two consecutive candles where the body of the first candle should be in side the high and low of the second candle and the body of the second candle should be inside the high and low of the first candle. draw a dotted line to mark the highiest high and lowest low of the couple candle. and calculate the difference between the two highest high and the lowest low and devide it by 2 and add this value to the highest high and subtract from the lowest low. and draw a green line on the high value and red line for the low value
