Yearly Levels for Day TradersThe above is the five minutes chart for $aapl
The script is useful in identifying price levels for the short term trading. The inputs are based on Fibonacci ratios but on yearly basis.
You will need to enter the pair ratio for where the stock is between ( I will show you).
Those pairs are as follows:
R1/R2
(0/0.23)
(.23/.38)
(.38/.61)
(.61/1)
(1/1.61)
(1.61/2.61)
(2.61/4.23)
(4.23/6.859)
(6.85/11.08)
(11.08/17.94)
(17.94/29.05)
(29.05/46.95)
(46.95/75.99)
(75.99/122.99)
I personally added the indicator multiple times to a template and put in all the pairs so I do not have to enter the pair each time.
The script does not tell you which level is a bottom or a top. Your experience matters.
If you are interested please PM me the username:
Daytrading
Zeta ScalperWhat is Scalping?
Scalping is a trading strategy aimed at profiting from quick momentum in a volatile index or stock.
Traders who use such strategies place anywhere from 10 to a few hundred trades in a single day.
The idea behind such type of trading is that small moves in an index or stock price are much easier to capture than the larger moves.
Traders who use such strategies are known as scalpers. When you take many small profits a number of times, say 10 points scalped 20 times per day, they can easily add up to large gains.
An Option Buyer's Biggest Enemy is Time Decay and when you scalp, you do not allow the time decay to eat your Option Premium as your Entry and Exit is often quick enough.
What is Zeta Scalper?
Zeta Scalper indicator is a momentum based indicator which tries to detect momentum based upon a number of Candle Stick Patterns.
When it thinks a move has the potential to turn into a big move, it generated its Buy/Sell Signals.
It is a well known fact that actual drivers of the market are Big Institutions, Mutual Funds & Big Guys with deep pockets.
They have large amounts of money to invest and they buy & sell in bulk.
When they buy, often their objective is to buy at lower levels (below average price of the day) & when they sell they sell at higher levels (above average price of the day).
Zeta Scalper seeks to detect this activity. When aggressive buying or selling starts where Buying & Selling Forces become unequal, the Price starts moving in one direction with candles making Higher Highs or Lower Lows.
Zeta Scalper detects these Higher Highs or Lower Lows and generates Buy or Sell signals when this happens.
In order to use this indicator, simply deploy this on your chart, and wait for Buy/Sell signals.
It works on all time frames including 1 min. 3min. 5min. & 10min. etc.
When a Buy Signal is followed by Sell signal (let it be after 3 - 4 candles or after many candles) or vice-versa, you have to switch your position to make most of the reverse move.
It is a general purpose indicator and may be used on stocks, commodities and currencies alike and is not meant for any specific market.
How to Take Buy/Sell Entry with Zeta Scalper?
Whenever you see a Buy Signal, mark its closing price with a horizontal line and as soon as a candle breaks this candle's High, it is time for you to take Entry.
Your STOP LOSS could be just 0.5% below your Entry Price, hence, no big loss even if things go wrong.
Keep moving your STOP LOSS up as the price moves in your favour and when market turns around and you see a SELL signal, it is time to book your BUY position profit and take Entry on SELL Side now and so on.
How to get this indicator?
This is invite-only indicator. Get in touch with us using information given below in Signature field to try this tool FREE.
AVWAPVWAP is based on volume and price and represents the average a security has traded at.
The script in for Dynamic Trader L3 members only.
[astropark] Auto Fibonacci Retracement ExtensionDear followers,
today a new analysis tool for day trading, scalping and swing trading: Automatic Fibonacci Retracements and Extensions drawer!
It works on every timeframe and market, as it simply draws automatically most important fibonacci levels on the chart.
Based on the analysis window set (default 100 bars, but you can edit it as you like), it finds recent high and low and start drawing the following levels:
recent high and low (black)
golden retracement range: 0.5 * 0.618 * 0.705 fibonacci retracements (gold)
fibonacci extensions range above 1: 1.272 * 1.424 * 1.618 * 2.618 * 4.236 (blue)
fibonacci extensions range below 0: -0.238 * -0.618 * -0.706 * -1(fuchsia)
Whenever the indicator finds a new high or a new low, al fibonacci levels are re-draw automatically.
The indicator will let you:
change analysis window
enable displaying labels related to current fibonacci levels and/or prices
change colors
show/hide each specific level
How to use the indicator?
Basically, all techniques which apply to fibonacci tool are valid here too.
After a big move up or down, a new high or low is created and a retracement is expected: if trend is strong, retracement to golden ration 0.618 will be a perfect spot for buy or sell respectively in order to continue riding the trend.
In general a bounce is always expected when price hit 0.618 retracement , good to know for scalping traders, while swing trades will continue holding the trade for higher profits.
If the golden retracement range (0.5 - 0.705) is broken and then retested from the other side, a continuation move is expected towards previous high/low (fib level 1) and even more towards the fibonacci extensions range above 1 (1.618 - 2.618 - 4.236).
If the base of bounce and trend continuation on golden retracement range, traders can expect
price to hit again previous high/low and
if trend is strong, a consolidation near the previous high/low range (conditions that are respectively bullish and bearish)
do a further continuation towards -0.618 fib level range
Traders must always understand that
the higher the timeframe, the stronger is the meaning and so the reaction when a specific fibonacci level is hit
don't trade blindly, try to find confluences to have an higher chance to be in a winning trade in near future
money and risk management are very important, so manage your position size and always have a stop loss in your trades
As said, this indicators work on every timeframe and in all markets (Crypto currencies, stocks, FOREX, indexes, commodities). Here some examples:
BTCUSDT 1D: after a long run, a retracement is expected and a bounce at 0.618 golden level is more than obvious: perfect short (sell) entry
BTCUSDT 1D: again as previous example, after a long run, a retracement is expected as well as price's bounces back above
EURUSD 1h: lots of info here, directly in the chart below:
bounces on 0.618 golden zone
double top
price breaks 0.618 level and retests it from below targeting previous low
double bottom and bounce back towards golden zone
bearish consolidation at recent low and further decline towards 1.618 fib extension
AMZN 1h stock: lots of info here too, directly in the chart below:
new high is print, price retrace to golden zone
bounces on 0.618 golden zone
price breaks 0.618 level and retests it from below targeting previous low
double bottom and bounce back towards golden zone
rejection at golden zone, price falling targeting previous low again and probably 1.618 fib extension
price breaks hard previous low and hits fib extension range below recent low
price retraces back up towards new golden retracement range
golden retracement range is broken and used as support: targets are previous high and 1.618 extension
once 1.618 extension level is broken and retested successfully as support, price moves towards 2.618 fibonacci extension level
SPY (SPX500) index: lots of info in the chart
interesting to note that March 2020 huge dump can be totally mapped as a series of fibonacci level bounces, so you understand the importance of riding a trend now, right?
after the low was formed, price retraced perfectly to golden ration 0.618
each time price hit a golden level/range, it retraces creating double top and double bottom configurations too
In the chart below we can see the power of the double bottom at golden retracement level: targets are previous high and -0.618 fibonacci extension level
XAUUSD 15m: as we are in a lower timeframe, the default analysis windows has been reduced to 50.
What can we see here:
golden retracement and price is rejected towards previous low
golden retracement hit and price bounces back lower
new high is formed: golden retracement hit and price bounces back higher
price break previous high and hits fibonacci extensions -0.618 and -1
price continues rising forming a regular bearish divergence with RSI
once uptrend is broken, price falls dramatically
first target is 0.618 retracement level, where you see a very small retracement due to strength of sellers
second target is previous low, which is broken and retested many time from below (bearish retest)
third target is fibonacci extension range (in this case 1.414 is almost hit)
as an hidden bullish divergence with RSI was created, price goes back up
This is a premium indicator , so send me a private message in order to get access to this script.
[astropark] trade yesterday rangeDear followers,
today a nice scalping tool for day trading on low time frames (1-3-5 minutes)!
Each day the indicator will print some important levels and ranges related to the trading day before:
yesterday high (black line)
yesterday day range averange (silver line)
yesterday low (black line)
average between yesterday high and yesterday average, together with a resistance range (red)
average between yesterday low and yesterday average, together with a support range (green)
two extension ranges above yesterday high (first is blue, second is red)
two extension ranges below yesterday low (first is blue, second is green)
Trading levels is one of most effective trading tecniques:
once a level is broken upwards, you can long (buy) the bullish retest with stoploss below recent low
once a level is broken downwards, you can short (sell) the bearish retest with stoploss below recent high
consolidation below or at a resistance level is bullish, so long (buy) breakout upwards and long more on a bullish retest of broken level
consolidation above or at a support level is bearish, so short (sell) breakout downwards and short more on a bearish retest of broken level
many times you see a level to be tested 2 or 3 times: short (sell) double and triple top, long (buy) double or triple bottom
Here you can see the levels described above and basic usage in a consolidation trading day:
A trader who wants to be a winner must understand that money and risk management are very important, so manage your position size and always have a stop loss in your trades.
Here you can see many examples on how to use this indicator.
Triple top on yesterday range high: perfect short setup (5 take profits targets in the example)
Resistance levels broken: long setup on bullish retest (2 take profits targets in the example)
Double top and support broken: 2 short setups (2 and 3 take profits targets in the example)
Here some examples how to basically use the indicator in a consolidation trading day: short (sell) resistance levels, long (buy) support levels
This is a premium indicator , so send me a private message in order to get access to this script.
Automatic Risk to Reward PivotsIn a nutshell I was tired of guestimating what my risk was between pivots when getting into trades I went to work on the basic math behind the relationship of the pivots to find their natural risk to reward ratios.
The natural risk to rewards span high and low...for example...you can go from the S3 --> R3 and that R:R is with a stop loss of the S4 is 7.4
But making all of those possibilities in code is excessive and for simplicity sake I price can only be between two pivot areas at any point in time.
So this auto risk to reward is limited to the 2:1 opportunities. If you by chance do the math for all of the possibilities as I have then it would be easy to change the Take Profit levels.
I use the fibonacci pivot points in this indicator but I include the mid levels and further extensions totaling 20 levels, 21 including the pivot.
Here they are...the generic plots are bolded...the additional levels are the other fib levels
R7 - 200%
R6 - 162%
R5 - 141%
R4 - 127%
R3 - 100%
R-C - 76%
R2 - 62%
R-B - 50%
R1 - 38%
R-A - 24%
Pivot
S-A - (24%)
S1 - (38%)
S-B - (50%)
S2 - (62%)
S-C - (76%)
S3 - (100%)
S4 - (127%)
S5 - (141%)
S6 - (162%)
S7 - (200%)
The indicator give you the setups for uptrends and downtrends based on the pivot point moving averages (ex. ema(hlc3, 34)) from a higher timeframe which you will be free to change yourself in the inputs.
For my setup, I trade from the daily pivots using the 10m or 5m chart so my next level up is the weekly pivots which I view using the 1H chart candles.
In the next iterations I will add the ability to change the MA lengths.
Pivot Point Moving average lengths
Weekly lengths - fast 34 : slow 55
Monthly lengths - fast 13 : slow 34
Yearly lengths - fast 13 : slow 34
Rules for Uptrends
Fast MA > Slow MA
Session high < r6
Rules for Downtrends
Fast MA < Slow MA
Session high > s6
Timeframes applicable are only those who have a higher pivot set above it
Monthly_SR = 240m, 300m, D
Weekly_SR = 26m, 30m, 60m
Daily_SR = 1m, 3m, 5m, 10m, 15m
Your take profit line will always populate where your risk will be 2:1
Your stop loss will always be one pivot level underneath or above your entry
Feel free to ask any questions. Trade well my friends!
Divergence shortterm swing daytrading I've added a few lines to Mawreez' RSI Divergence Detector.
I edited the visual and filtered the signals in same direction of the current candle.
this indicator shows long and short signals based on divergences. It's better not to trade against powerful trend.
Zeta ScannerIt is a well known fact that actual drivers of the market are Big Institutions, Mutual Funds & Big Guys with deep pockets.
They have large amounts of money to invest and they buy & sell in bulk.
When they buy, often their objective is to buy at lower levels (below average price of the day) & when they sell they sell at higher levels (above average price of the day).
Zeta Scanner seeks to detect this activity. When aggressive buying or selling starts where Buying & Selling Forces become unequal, the Price starts moving in one direction with candles making Higher Highs or Lower Lows.
Zeta Scanner detects these Higher Highs or Lower Lows and generates Buy or Sell signals when this happens.
In order to use this scanner, simply deploy this on your chart, and wait for Buy/Sell signals.
Primarily, it is meant for Intraday trades and works best with 5 min, 10 min, 15 min & 30 min. time frames.
When a Buy Signal is followed by Sell signal (let it be after 3 - 4 candles or after many candles) or vice-versa, you have to switch your position to make most of the reverse move.
It is a general purpose indicator and may be used on stocks, commodities and currencies alike and is not meant for any specific market.
HTF Candle CloseThis draws a label to alert user when a higher timeframe candle closes on a intraday chart.
Purpose of it is so that people who mainly use lower timeframe charts do not forget to look at higher timeframe candle closes.
ETS Trending ArrowsThis indicator is the end result of years of trial and error to create an indicator that aims to mimic market entry points that a professional trader would take.
It has arrows that clearly show potential market entry points, and suggested stop-loss levels. What I like about it is that it generally responds as fast to market changes as a good trader would, leaving you enough time to still validate the move before taking it.
This basically levels the playing field, because even if you're a rookie trader, or maybe an experienced trader in a slump, this indicator can help you to identify possible trading entry points that is responsive to market moves, and that can be used on different timeframes based on how you want to trade. And if you're an experienced trader, this indicator will help you like a good trading buddy to make good trading decisions.
What Makes It So Powerful?
- Give you a signal as early as possible and does not "repaint" once the bar completes
- Reacts to fast market direction changes like a master trader
- Is super easy to understand and implement in your trading
- Can be used for Forex, Stocks and Crypto
- Works on all timeframes
How To Use The ETS Trending Arrows Indicator
1. Add the indicator to any chart you wish to trade, Crypto, Forex or Stocks and set it to the timeframe you prefer. For instance, I use it on 1 minute and 5 minute charts for daytrading Stocks. For Forex I generally use a 15 minute chart, and longer timeframes for Crypto.
2. Open the Settings and change values to suit your requirements:
2.1. "Early Trigger Live Signals / Stable Signals" - When you select "Stable Signals", the arrows will appear once the bar closes, on the new bar. Selecting "Early Trigger" will signal instantly and can give you an early entry, but may update in some cases as conditions change.
2.2 "Show More Signals" - This pretty much does what it says. If you don't want all possible signals, this will scale things back a bit and give you fewer signals.
2.3. "Show 20, 50, 200 Moving Averages" - This is just a convenience, and is provided to help you exit trades, which I typically do when price crosses back over the 9 EMA or 20 EMA.
2.4. "Show 9 Expo Moving Average" - Also provided for convenience, and separate in case you don't want this level of detail.
2.5. "Show Immediate Reversals" - Personally I don't use this setting, but someone requested that I add it. What it will do is if there is a signal, which then immediately passes the "stoploss" dotted line, this will immediately give a signal in the opposite direction.
2.6. "Show Bollinger Bands" - This is also only provided for convenience, I use Bollinger Bands to determine where the market move is in relation to the average deviation.
2.7. "Bollinger Bands Length" - Simply the regular BB length setting.
2.8. "Bollinger Bands Deviation" - I use a 2.5 setting by default in order to better identify areas where the price action is really far beyond where it should be.
3. Now that you've set things up, all you need to do is to wait for a signal. As mentioned earlier, the signals will react differently based on whether you chose "Early Trigger Live Signals" or "Stable Signals". If you opt for "Early Trigger Live Signals", like I do, you should pay attention to where the market currently is in relation to the closest moving average, like the 9 EMA or 20 EMA. Keep in mind that price will often signal a new move, but then first move back to the average, before continuing in the new direction identified by the trading arrow.
4. These signals are intended to identify new trending moves, and for that reason, if the market moves against the signal, you should not hold on to your position hoping that it will turn in your favor.
5. When the market is moving in your favor, resist the urge to exit quickly, and use either (or both) the 9 EMA and 20 EMA to exit your trades. A good approach is to use the 9 EMA to exit a portion (maybe 50%) of your trade, and exit out of the rest once price closes above or below the 20 EMA depending on the direction of your trade.
This is an "invite only" script, which means that you will need to let me know that you're interested in it before you can get access to it. This is a paid script, please follow the link in my profile to get the details or ask me directly. It may take up to 48 hours for me to respond, but I do my best to respond as quickly as possible. You will get 7 days to test it for yourself on all your charts with no restrictions.
20 EMA Daytrading Strategy20 EMA Daytrading Strategy
This strategy creates long and short signals based on a 20 EMA crossing condition. Works well in 4H timeframes or higher. Accuracy is around 60%.
BUY
When a green candle crosses above 20 EMA
Followed by another green candle which closes above the previous candle high
SELL
When a red candle crosses below 20 EMA
Followed by another red candle which closes below the previous candle low
Stop loss at ATR + 5
Take Profit at 1.3R
Session Trader2This is the second version of our work on developing signals for day trading stock index futures. In addition to finding signals that trade with the trend this script also looks for key reversal points during the day so that traders can now trade both ways. The signals are designed to operate on an intraday basis and have holding periods of 30 minutes or less. The script uses price action only as its signal generation trades rather than relying upon lagging indicator data. For info on how to obtain this scrip please see our signature file or message us directly on TV. We would be happy to show you.
1 Minute Scalper
How to use:
Green background: Long
With green background wait for white bars to appear, once white bars appear wait for green bars and enter long on break of high or close of green bar. The stop out of trade should be a candle that closes below the pivot: it should be apparent. (Can enter long after white bars if it has a long tail Stop below the tail).
Red background: Short
With red background wait for black bars to appear, once black bars appear wait for red bars and enter short on break of low or close of red bar. The stop out of trade should be a candle that closes above the pivot. (Can enter short after black bars if it has a long tail).
best of luck
Volume, Simple Relative Volume HighlightThis script plots volume bars and highlight bars that have an unusual activity, compare to the average (Standard: Simple Moving Average, 50 periods).
The script is useful for checking daily volume levels on equities. Where there is high volume, there is likely volatility, wich is good for day trading and swing trading entries.
Daytrade Killer This script is the programmed version of my daytrading methodology. It is my firm belief that, a successful and legendary trader is someone who can trade with confidence, confirmation and comfort. They always find the setups they are familiar with , trade them over and over again, and they will get the result.
As someone still on the path to becoming one of them, today I will share just one of my favorite setups I consistently trade with - VER (volume expansion reversal). Fist two important elements for this setup - extraordinary volume and reversing price action. Most important thing is to " Buy low , sell high".
The logic is simple, if you observe more , you can easily find out the combinations to building this script. You just need to check the price action , volume and moving average.
P.S The recommended timeframe for use is 1-5 min(s) , lime background is for buying , aqua background is for selling
If you like my scripts and ideas , follow my little account. I promise I will always bring you surprise!!! 😘
PipSniperThis is a script that trades a variety of instruments and can be configured for day trading stock index futures or swing trading FX pairs. The script focuses on the retrace trade using a proprietary Fibonacci setting to help identify the resumption of the trend. The script uses a variety of visual cues to identify trade signals quickly and efficiently. It's part of BK Forex member script library
Land & SeaI have placed what is needed to know about the indicator at the start of the script. I also placed some hints on the chart.
(13) Twists Swing/Day VS-478TWISTS adds a simple, but very effective twist to utilizing a multiple moving average crossover systems, enabling the effective and profitable trading of any stock, crypto or commodity. This enables trend, swing and day traders to dramatically improve their results over a similar, short-term simple, smoothed, exponential or weighted moving average crossover system.
Four distinct Laguerre filters are applied to the price, one fast, one medium one long and one very long. The default Laguerre settings are: Short = 0; Medium = 0.33, Long = 0.55 XLong = 0.77. The correlation between the length of time and the Laguerre output is adjustable in the format > inputs pane for this indicator and are referred to as gamma. The first three lengths produce two major bands or ribbons. During up trends the top band is filled with green and during down trends this top band will be filled with red. Obviously these bands or ribbons are twisting or flipping positions when the direction of the price trends change. Trading indicator dots are produced during both phases. Green dots for uptrends and red dots during down trends. During consolidation phases it is possible that there will be no dots produced because of the rule set applied to these Entry/hold and Exit/short indicator dots.
TWISTS is a triple moving average trading system using an advanced smoothing filter developed by John Ehlers. You can read about this dramatic advancement in moving averages in the following article: Time Warp -- Without Space Travel. You can find the link to this article on our site.
Access this Genie indicator for your Tradingview account, through our web site. (Links Below) This will provide you with additional educational information and reference articles, videos, input and setting options and trading strategies this indicator excels in.
Run.Trader.FuturesCFDThis is a Futures/CFD version of our RunTrader script that day trades the futures and commodity markets using trend analysis and confirmation of retraces to establish high probability entries in the general direction of the trend. The script can also be used for reversal purposes when the trigger candles on the chart are "not confirmed" The script generally produces 3-4 signals each day in the stock index futures
Vwap and MvwapDay Trading - Made Easy
Vwap (Volume weighted avergae price) is an excellent day trader's tool which comprises of two vital elements ( volume and Price).
and a 50 period vwap based MVWAP provides a baseline for the day trading strategy..
Green bars = price above both vwap and Mvwap.. (for long positions)
Red bars = price below both vwap and Mvwap .. (for short positons)
Gray bars = price in between both vwaps
* One has to apply this strategy along with momentum, major supports and resistances.
* add other confirmations for better trades.
Run.Trader by Boris SchlossbergThis is a short term scalping indicator from BK Forex that buys retraces in an uptrend and sells rallies in a downtrend at oversold/overbought points using 1 hour or 15-minute timeframes.
It can be traded on all the majors including EURUSD GBPUSD and USDJPY using 10 points take-profit targets and it can be traded on higher volatility pairs such as GBPJPY and EURNZD with wider stops and about 20 pip targets. By making the entry process highly visual this script makes timing the day trades much easier.
BK Scalp Signal Trader by Boris SchlossbergThis is part 2 of 2 part system of indicators that allows traders to scalp tops and bottoms on intra-day charts
EMA-50H-50L-15CThank you @rachitpjain for sharing this simple yet effective strategy on open platform( Twitter ).
For detail reading about strategy refer tweets of @rachitpjain where he timely posts charts using this strategy.
**************************************************************************************************
**EMA-50H-50L-15C Script V1
**************************************************************************************************
This script will be helpful to identify trade based on strategy shared by @rachitpjain.
Here are salient features of this script :
-Apply Three EMAs using single indicator (50H-50L-15C)
-When 15C crosses 50H - EMA Band will be filled with green color and only BUY trades should be taken
-When 15C crosses 50L - EMA Band will be filled with red color and only SELL trades should be taken
-When 15C in between 50H - 50L Band will be filled with white color and Trading should be avoided
*Strategy works best in trending market using any instrument. Results will vary with change in time frame
**Apply Basic TA like horizontal support, resistance, Higher High, Higher Low, Lower Low and Lower High price structure will increase success rate of this strategy
*** Script is kept protected mode and don't ask for codes.
(I think it's easy to code and by coding yourself, you will learn so many aspect of trading which you might missed)
MRK_OO7 Ichimoku & EMAThis trading strategy was based on @ToolFreeCrypto.
I will continue to build and refine this trading method over time.
To learn the trading strategy behind this please visit the YouTube page linked below.
~ Cheers ~
youtu.be