Moving Average Exponential (5, 8, 21 & 34)The Moving Average Exponential (5, 8, 21 & 34) indicator is a powerful tool for traders who want to visualize multiple Exponential Moving Averages (EMAs) on their charts, calculated on the daily timeframe for consistency across all chart timeframes. This indicator plots the 5 EMA, 8 EMA, 21 EMA, and 34 EMA, with customizable colors, projection lines, and color gradients between consecutive EMAs. It also includes labels for the EMA values and an optional smoothing MA with Bollinger Bands for additional analysis.
Designed for both intraday and swing traders, this indicator ensures that the EMA values remain consistent with the daily timeframe, even when viewed on lower timeframes (e.g., 1-minute, 5-minute, 1-hour). The projection lines and gradients provide a visual forecast of the EMA levels into the future, making it easier to identify potential support and resistance zones.
Features
Daily Timeframe EMAs: Calculates the 5 EMA, 8 EMA, 21 EMA, and 34 EMA using daily timeframe data, ensuring consistency across all chart timeframes.
Customizable Colors: Each EMA can be assigned a unique color through the settings, allowing for easy differentiation.
Projection Lines: Draws dashed horizontal lines for each EMA at their last confirmed daily values, extending 100 bars into the future for a visual forecast.
Color Gradients:
Displays customizable color gradients between consecutive EMAs (5 to 8, 8 to 21, and 21 to 34), with adjustable transparency.
The gradient between the 21 EMA and 34 EMA includes a background text displaying the 34 EMA value, blended with the gradient color for a seamless look.
Labels:
Shows the current values of the 5 EMA, 8 EMA, and 21 EMA as labels above the last bar, with background colors matching the user-selected EMA colors.
The 34 EMA value is displayed as background text within the 21 EMA to 34 EMA gradient area, avoiding clutter above the chart.
Smoothing MA and Bollinger Bands:
Optionally applies a smoothing Moving Average (MA) to the 8 EMA, with choices including SMA, EMA, SMMA (RMA), WMA, VWMA, or SMA with Bollinger Bands.
Bollinger Bands can be added around the smoothing MA, with adjustable standard deviation multiplier.
Settings
EMA Settings:
Length EMA 5/8/21/34: Set the length for each EMA (default: 5, 8, 21, 34).
Source EMA 5/8/21/34: Choose the data source for each EMA (default: close).
Offset EMA 5/8/21/34: Adjust the offset for each EMA plot (default: 0).
EMA 5/8/21/34 Color: Select the color for each EMA line (default: green, blue, red, purple).
Gradient Settings:
Use Color Gradient Between 5 & 8 EMAs / 8 & 21 EMAs / 21 & 34 EMAs: Toggle the gradient display for each EMA range (default: enabled).
Gradient Color (5 & 8 EMAs / 8 & 21 EMAs / 21 & 34 EMAs): Choose the gradient color for each range (default: orange, purple, teal).
Gradient Transparency (5 & 8 EMAs / 8 & 21 EMAs / 21 & 34 EMAs): Adjust the transparency of each gradient (default: 90, range: 0 to 100).
Smoothing:
Type: Select the type of smoothing MA to apply to the 8 EMA (options: None, SMA, SMA + Bollinger Bands, EMA, SMMA (RMA), WMA, VWMA; default: None).
Length: Set the length of the smoothing MA (default: 14).
BB StdDev: Adjust the standard deviation multiplier for Bollinger Bands (default: 2.0, only applies if "SMA + Bollinger Bands" is selected).
Usage
Add the Indicator: Add the "Moving Average Exponential (5, 8, 21 & 34)" indicator to your chart in TradingView.
Customize Settings:
Adjust the EMA lengths, sources, offsets, and colors to suit your trading strategy.
Enable or disable the color gradients and customize their colors and transparency for better visualization.
Optionally enable the smoothing MA and Bollinger Bands for additional analysis.
Interpret the Indicator:
EMA Lines: The 5 EMA, 8 EMA, 21 EMA, and 34 EMA are plotted on the chart, calculated using daily timeframe data. On lower timeframes, these lines will appear flat within each day, updating with new daily bars.
Projection Lines: Dashed lines extend 100 bars into the future, showing the last confirmed daily EMA values, useful for identifying potential support and resistance levels.
Gradients: Color gradients between consecutive EMAs highlight the range between them, with the 34 EMA value displayed as background text within the 21 EMA to 34 EMA gradient.
Labels: The 5 EMA, 8 EMA, and 21 EMA values are shown as labels above the last bar, while the 34 EMA value is integrated into the gradient area.
Smoothing MA and Bollinger Bands: If enabled, the smoothing MA and Bollinger Bands are applied to the 8 EMA, providing additional context for trend analysis.
Notes
The indicator is optimized for consistency across timeframes by using daily timeframe data for all EMA calculations.
The projection lines and gradients extend 100 bars into the future, which may need adjustment depending on your chart’s timeframe and zoom level.
The background text for the 34 EMA value blends with the gradient color for a clean look, but you can adjust the gradient transparency to make the text more or less prominent.
Author
Rajesh Muraleedharan
Educational
PIONEER TRADER STRATEGY 2025The Pioneer Trader Strategy 2025 ( FX:US30 ) is a robust and versatile trading strategy designed for traders who want to capitalize on market trends while managing risk effectively. This strategy combines Bollinger Bands, RSI (Relative Strength Index), ATR (Average True Range), and a higher timeframe trend filter to generate high-probability buy and sell signals. It is built to work across various markets and timeframes, making it suitable for both short-term and long-term traders.
How It Works
1. Core Components
Bollinger Bands (BB):
The strategy uses Bollinger Bands to identify potential overbought and oversold conditions. When the price closes above the upper band, it signals a potential uptrend, and when it closes below the lower band, it signals a potential downtrend.
RSI (Relative Strength Index):
RSI is used as a momentum filter to avoid entering trades during overbought or oversold conditions. The strategy only takes buy signals when RSI is below the overbought level (default: 70) and sell signals when RSI is above the oversold level (default: 30).
ATR (Average True Range):
ATR is used to dynamically adjust the trendline and stop-loss levels based on market volatility. This ensures that the strategy adapts to changing market conditions.
Higher Timeframe Trend Filter:
The strategy incorporates a higher timeframe trend filter to ensure trades are taken in the direction of the broader trend. This reduces the likelihood of entering trades against the prevailing market direction.
2. Key Features
Trendline Logic:
The strategy calculates a dynamic trendline based on Bollinger Bands and ATR. This trendline acts as a visual guide for identifying potential support and resistance levels.
Buy/Sell Signals:
Buy Signal: Generated when the trendline shifts from downtrend to uptrend, RSI is below the overbought level, and the higher timeframe trend is bullish.
Sell Signal: Generated when the trendline shifts from uptrend to downtrend, RSI is above the oversold level, and the higher timeframe trend is bearish.
Risk Management:
The strategy incorporates a Risk-Reward Ratio (RR) to define stop-loss and take-profit levels. This ensures that potential losses are minimized while allowing for profitable trades to run.
3. Inputs and Customization
The strategy is highly customizable, allowing traders to adjust parameters to suit their trading style:
Bollinger Bands Period and Deviations: Adjust the sensitivity of the Bollinger Bands.
ATR Filter: Enable or disable the use of ATR for trendline calculation.
RSI Period and Levels: Customize the RSI overbought and oversold thresholds.
Higher Timeframe: Choose a higher timeframe for trend filtering (e.g., '1D' for daily trend).
Risk-Reward Ratio: Define the desired risk-reward ratio for trade exits.
4. Visual Representation
Trendline: Plotted on the chart to indicate the current trend direction (blue for uptrend, red for downtrend).
Buy/Sell Labels: Emoji-based labels (💣 for buy, 🔨 for sell) are displayed on the chart to highlight entry points.
How to Use
Apply the Strategy: Add the strategy to your chart in TradingView or your preferred platform.
Customize Parameters: Adjust the inputs to match your trading preferences and market conditions.
Monitor Signals: Look for buy/sell signals generated by the strategy, supported by the trendline and RSI filters.
Manage Risk: Use the predefined stop-loss and take-profit levels to manage your trades effectively.
Why Use This Strategy?
Adaptive to Market Conditions: The use of ATR and Bollinger Bands ensures the strategy adapts to changing volatility.
Trend-Following: By incorporating a higher timeframe trend filter, the strategy aligns with the broader market direction.
Risk Management: The built-in risk-reward ratio ensures disciplined trading and capital preservation.
Versatility: Suitable for various markets (stocks, forex, crypto) and timeframes (intraday, swing, long-term).
Disclaimer
This strategy is for educational and informational purposes only. Past performance is not indicative of future results. Always test the strategy in a demo account before using it in live trading. The creator and publisher of this strategy are not responsible for any financial losses incurred.
Combined Up down with volumeDescription of the Script: "Combined Up Down with Volume"
This Pine Script v5 indicator is designed to analyze price movements, volume conditions, and trend direction using moving averages (MA). It overlays key indicators on the chart to help traders identify potential signals based on price momentum and volume levels.
Key Features & Functionality:
1. User Inputs
use → Enables or disables the combination of momentum and volume conditions.
vol → Defines the minimum volume threshold (default: 1,000,000).
per → Specifies the minimum price change percentage (default: 5%).
2. Momentum & Volume Conditions
Rate of Change (ROC) Check:
Uses ta.roc(close, 1), measuring the percentage change in price over one bar.
If the absolute value of ROC is greater than or equal to the input percentage, it triggers a signal.
Volume Check:
If the volume of the current candle is greater than or equal to the specified threshold, it triggers a signal.
Plot Signals (Circles Below Candles):
If use = false:
ROC-based condition → Plots a circle below bars where the price change meets the threshold.
Volume-based condition → Plots a circle for bars where the volume exceeds the threshold.
If use = true:
Plots a small purple circle only when both conditions (ROC & Volume) are met.
3. Moving Averages (Trend Analysis)
20-period SMA (ma20) → Short-term trend indicator.
50-period SMA (ma50) → Medium-term trend indicator.
Color-coded 20-period SMA:
If the SMA is rising for 3 bars, it is Green (Uptrend).
If the SMA is falling for 3 bars, it is Red (Downtrend).
Otherwise, it is Gray (Neutral/Sideways market).
Both 20 and 50 SMAs are plotted on the chart, helping traders identify crossovers and overall trend direction.
Use Case:
This indicator helps traders spot: ✅ Strong price movements (+/- 5%) along with high volume, which could indicate breakouts or reversals.
✅ Trends & momentum shifts using color-coded moving averages.
✅ Potential trading opportunities when volume and momentum align.
HALO Oracle - CoffeeKillerHALO Oracle - CoffeeKiller Indicator Guide
Hello traders! Today I'm going to walk you through how to use the HALO Oracle indicator, which is a powerful tool for identifying market trends and potential reversal points.
Basic Overview
The HALO Oracle is a trend-following indicator that combines Heiken Ashi candles with golden ratio calculations to help you identify market direction and key price levels.
Main Features
1. Time Settings
- You have two modes for time analysis:
- Normal Mode: The indicator analyzes each individual candle on your chart
- Custom Resolution Mode: You can use a different timeframe for calculations than what's shown on your chart
* For example, you could view a 5-minute chart but have the indicator calculate based on 1-hour data
* Available timeframes include Monthly (M), Weekly (W), Daily (D), 4 Hours (240), 1 Hour (60), etc.
2. Visual Components
Bands and Fill
- Two main bands: green and red
- The space between these bands is filled with colors:
- Green fill indicates a bullish trend
- Red fill indicates a bearish trend
- You can adjust the thickness of the bands and the transparency of the fill colors
Marker Lines
- High Marker Line (magenta): Tracks the highest opening price during bullish trends
- Low Marker Line (cyan): Tracks the lowest opening price during bearish trends
- These lines create a "zone" that helps identify potential support and resistance levels
- Diamond markers appear when the trend resets
Background Fill
- Optional full-chart background coloring
- Green background for bullish trends
- Red background for bearish trends
How to Read the Indicator
1. **Trend Identification**
- Green fill/background indicates a bullish trend
- Red fill/background indicates a bearish trend
- Watch for color changes as they signal potential trend changes
2. **Support and Resistance Levels**
- The bands create dynamic support and resistance zones
- Price tends to respect these levels during strong trends
- Watch for price reactions when it touches either band
3. **Marker Lines**
- These act as historical support/resistance levels
- The space between marker lines creates a "zone" where price might find support or resistance
- Diamond shapes appear when these levels reset, indicating potential trend changes
Trading Tips
1. **Trend Trading**
- Trade in the direction of the background color
- Look for pullbacks to the support/resistance bands in the trend direction
- Use marker lines as potential entry/exit points
2. **Reversal Signals**
- Watch for diamond markers as they indicate trend resets
- Confirm reversals with price action and other indicators
- Pay attention to how price reacts around marker lines
3. **Timeframe Analysis**
- Use custom resolution for a broader market perspective
- Higher timeframes for overall trend
- Lower timeframes for entry/exit timing
Customization Options
1. **Display Settings**
- Toggle bands and fill visibility
- Adjust line thickness
- Customize colors for all components
2. **Background Options**
- Toggle full-chart background
- Adjust background transparency
3. **Marker Line Settings**
- Toggle visibility of marker lines
- Toggle reset diamonds
- Customize marker line colors
Best Practices
1. Start with the default settings to understand how the indicator behaves
2. Gradually customize colors and settings to match your trading style
3. Use multiple timeframes to confirm trends
4. Don't trade solely based on the indicator - combine it with price action and other tools
5. Pay special attention to areas where marker lines and bands converge
6. Watch for diamond markers as they often precede significant moves
Remember, this indicator works best when used as part of a complete trading strategy, not in isolation.
The information and signals provided by this indicator are intended solely for educational and informational purposes. They do not constitute financial, legal, or any other professional advice. Past performance is not indicative of future results. Trading and investing involve significant risk, and it is strongly recommended that you use this indicator in conjunction with other analysis tools and indicators. Always consult with a qualified financial advisor or professional before making any investment decisions. The creators and distributors of this indicator expressly disclaim any liability for any losses incurred through the use of the indicator or reliance on the information provided. Use at your own risk.
CJFx: Daily & Weekly High, Low & OpenDynamically highlights the Daily & Weekly High, Low & Opening prices of the chart symbol.
All Forex Sessions (SAST Accurate) + LabelsFor traders in South Africa
Uses timestamp("Africa/Johannesburg", ...) — this locks the session window to true SAST time
The session now perfectly aligns from 14:00 to 18:00 local time no matter what time zone your TradingView chart is in
Also shows start and end vertical lines only when the session opens and closes
StatPivot- Dynamic Range Analyzer - indicator [PresentTrading]Hello everyone! In the following few open scripts, I would like to share various statistical tools that benefit trading. For this time, it is a powerful indicator called StatPivot- Dynamic Range Analyzer that brings a whole new dimension to your technical analysis toolkit.
This tool goes beyond traditional pivot point analysis by providing comprehensive statistical insights about price movements, helping you identify high-probability trading opportunities based on historical data patterns rather than subjective interpretations. Whether you're a day trader, swing trader, or position trader, StatPivot's real-time percentile rankings give you a statistical edge in understanding exactly where current price action stands within historical contexts.
Welcome to share your opinions! Looking forward to sharing the next tool soon!
█ Introduction and How it is Different
StatPivot is an advanced technical analysis tool that revolutionizes retracement analysis. Unlike traditional pivot indicators that only show static support/resistance levels, StatPivot delivers dynamic statistical insights based on historical pivot patterns.
Its key innovation is real-time percentile calculation - while conventional tools require new pivot formations before updating (often too late for trading decisions), StatPivot continuously analyzes where current price stands within historical retracement distributions.
Furthermore, StatPivot provides comprehensive statistical metrics including mean, median, standard deviation, and percentile distributions of price movements, giving traders a probabilistic edge by revealing which price levels represent statistically significant zones for potential reversals or continuations. By transforming raw price data into statistical insights, StatPivot helps traders move beyond subjective price analysis to evidence-based decision making.
█ Strategy, How it Works: Detailed Explanation
🔶 Pivot Point Detection and Analysis
The core of StatPivot's functionality begins with identifying significant pivot points in the price structure. Using the parameters left and right, the indicator locates pivot highs and lows by examining a specified number of bars to the left and right of each potential pivot point:
Copyp_low = ta.pivotlow(low, left, right)
p_high = ta.pivothigh(high, left, right)
For a point to qualify as a pivot low, it must have left higher lows to its left and right higher lows to its right. Similarly, a pivot high must have left lower highs to its left and right lower highs to its right. This approach ensures that only significant turning points are recognized.
🔶 Percentage Change Calculation
Once pivot points are identified, StatPivot calculates the percentage changes between consecutive pivot points:
For drops (when a pivot low is lower than the previous pivot low):
CopydropPercent = (previous_pivot_low - current_pivot_low) / previous_pivot_low * 100
For rises (when a pivot high is higher than the previous pivot high):
CopyrisePercent = (current_pivot_high - previous_pivot_high) / previous_pivot_high * 100
These calculations quantify the magnitude of each market swing, allowing for statistical analysis of historical price movements.
🔶 Statistical Distribution Analysis
StatPivot computes comprehensive statistics on the historical distribution of drops and rises:
Average (Mean): The arithmetic mean of all recorded percentage changes
CopyavgDrop = array.avg(dropValues)
Median: The middle value when all percentage changes are arranged in order
CopymedianDrop = array.median(dropValues)
Standard Deviation: Measures the dispersion of percentage changes from the average
CopystdDevDrop = array.stdev(dropValues)
Percentiles (25th, 75th): Values below which 25% and 75% of observations fall
Copyq1 = array.get(sorted, math.floor(cnt * 0.25))
q3 = array.get(sorted, math.floor(cnt * 0.75))
VaR95: The maximum expected percentage drop with 95% confidence
Copyvar95D = array.get(sortedD, math.floor(nD * 0.95))
Coefficient of Variation (CV): Measures relative variability
CopycvD = stdDevDrop / avgDrop
These statistics provide a comprehensive view of market behavior, enabling traders to understand the typical ranges and extreme moves.
🔶 Real-time Percentile Ranking
StatPivot's most innovative feature is its real-time percentile calculation. For each current price, it calculates:
The percentage drop from the latest pivot high:
CopycurrentDropPct = (latestPivotHigh - close) / latestPivotHigh * 100
The percentage rise from the latest pivot low:
CopycurrentRisePct = (close - latestPivotLow) / latestPivotLow * 100
The percentile ranks of these values within the historical distribution:
CopyrealtimeDropRank = (count of historical drops <= currentDropPct) / total drops * 100
This calculation reveals exactly where the current price movement stands in relation to all historical movements, providing crucial context for decision-making.
🔶 Cluster Analysis
To identify the most common retracement zones, StatPivot performs a cluster analysis by dividing the range of historical drops into five equal intervals:
CopyrangeSize = maxVal - minVal
For each interval boundary:
Copyboundaries = minVal + rangeSize * i / 5
By counting the number of observations in each interval, the indicator identifies the most frequently occurring retracement zones, which often serve as significant support or resistance areas.
🔶 Expected Price Targets
Using the statistical data, StatPivot calculates expected price targets:
CopytargetBuyPrice = close * (1 - avgDrop / 100)
targetSellPrice = close * (1 + avgRise / 100)
These targets represent statistically probable price levels for potential entries and exits based on the average historical behavior of the market.
█ Trade Direction
StatPivot functions as an analytical tool rather than a direct trading signal generator, providing statistical insights that can be applied to various trading strategies. However, the data it generates can be interpreted for different trade directions:
For Long Trades:
Entry considerations: Look for price drops that reach the 70-80th percentile range in the historical distribution, suggesting a statistically significant retracement
Target setting: Use the Expected Sell price or consider the average rise percentage as a reasonable target
Risk management: Set stop losses below recent pivot lows or at a distance related to the statistical volatility (standard deviation)
For Short Trades:
Entry considerations: Look for price rises that reach the 70-80th percentile range, indicating an unusual extension
Target setting: Use the Expected Buy price or average drop percentage as a target
Risk management: Set stop losses above recent pivot highs or based on statistical measures of volatility
For Range Trading:
Use the most common drop and rise clusters to identify probable reversal zones
Trade bounces between these statistically significant levels
For Trend Following:
Confirm trend strength by analyzing consecutive higher pivot lows (uptrend) or lower pivot highs (downtrend)
Use lower percentile retracements (20-30th percentile) as entry opportunities in established trends
█ Usage
StatPivot offers multiple ways to integrate its statistical insights into your trading workflow:
Statistical Table Analysis: Review the comprehensive statistics displayed in the data table to understand the market's behavior. Pay particular attention to:
Average drop and rise percentages to set reasonable expectations
Standard deviation to gauge volatility
VaR95 for risk assessment
Real-time Percentile Monitoring: Watch the real-time percentile display to see where the current price movement stands within the historical distribution. This can help identify:
Extreme movements (90th+ percentile) that might indicate reversal opportunities
Typical retracements (40-60th percentile) that might continue further
Shallow pullbacks (10-30th percentile) that might represent continuation opportunities in trends
Support and Resistance Identification: Utilize the plotted pivot points as key support and resistance levels, especially when they align with statistically significant percentile ranges.
Target Price Setting: Use the expected buy and sell prices calculated from historical averages as initial targets for your trades.
Risk Management: Apply the statistical measurements like standard deviation and VaR95 to set appropriate stop loss levels that account for the market's historical volatility.
Pattern Recognition: Over time, learn to recognize when certain percentile levels consistently lead to reversals or continuations in your specific market, and develop personalized strategies based on these observations.
█ Default Settings
The default settings of StatPivot have been carefully calibrated to provide reliable statistical analysis across a variety of markets and timeframes, but understanding their effects allows for optimal customization:
Left Bars (30) and Right Bars (30): These parameters determine how pivot points are identified. With both set to 30 by default:
A pivot low must be the lowest point among 30 bars to its left and 30 bars to its right
A pivot high must be the highest point among 30 bars to its left and 30 bars to its right
Effect on performance: Larger values create fewer but more significant pivot points, reducing noise but potentially missing important market structures. Smaller values generate more pivot points, capturing more nuanced movements but potentially including noise.
Table Position (Top Right): Determines where the statistical data table appears on the chart.
Effect on performance: No impact on analytical performance, purely a visual preference.
Show Distribution Histogram (False): Controls whether the distribution histogram of drop percentages is displayed.
Effect on performance: Enabling this provides visual insight into the distribution of retracements but can clutter the chart.
Show Real-time Percentile (True): Toggles the display of real-time percentile rankings.
Effect on performance: A critical setting that enables the dynamic analysis of current price movements. Disabling this removes one of the key advantages of the indicator.
Real-time Percentile Display Mode (Label): Chooses between label display or indicator line for percentile rankings.
Effect on performance: Labels provide precise information at the current price point, while indicator lines show the evolution of percentile rankings over time.
Advanced Considerations for Settings Optimization:
Timeframe Adjustment: Higher timeframes generally benefit from larger Left/Right values to identify truly significant pivots, while lower timeframes may require smaller values to capture shorter-term swings.
Volatility-Based Tuning: In highly volatile markets, consider increasing the Left/Right values to filter out noise. In less volatile conditions, lower values can help identify more potential entry and exit points.
Market-Specific Optimization: Different markets (forex, stocks, commodities) display different retracement patterns. Monitor the statistics table to see if your market typically shows larger or smaller retracements than the current settings are optimized for.
Trading Style Alignment: Adjust the settings to match your trading timeframe. Day traders might prefer settings that identify shorter-term pivots (smaller Left/Right values), while swing traders benefit from more significant pivots (larger Left/Right values).
By understanding how these settings affect the analysis and customizing them to your specific market and trading style, you can maximize the effectiveness of StatPivot as a powerful statistical tool for identifying high-probability trading opportunities.
rizvan scalpingTitle: Rizvan Scalping Strategy – SMA + Engulfing Pattern
Description:
This scalping strategy combines the 22-period Simple Moving Average (SMA) and Engulfing Candlestick Patterns to generate trade signals.
✅ How It Works:
A Buy Signal appears when a Bullish Engulfing pattern forms below the SMA, indicating a potential upward reversal.
A Sell Signal appears when a Bearish Engulfing pattern forms above the SMA, signaling a possible downtrend.
The SMA dynamically changes color:
Green: When the trend is moving up.
Red: When the trend is moving down.
This strategy helps traders identify potential trend reversals using a combination of price action (engulfing patterns) and trend confirmation (SMA direction). Suitable for short-term scalping in trending markets.
EMA & VWAP Indicatorindicates signal ema trend confirming ema and vwap for confirmation in one indicator
it can be used for identifying the trend and help to get best analysis of chart
Doji S/R Trading Bot - Points-Based TPdoji based bot with golden pocket entry includes a adjustable take profit with a trailingstop that activates once we get past a dollar amount
Jessica's Scalping Indicator [ES Futures] Features in This Version:
Previous day’s high/low
VWAP
Higher timeframe EMA trend bias
Basic ATR zones
Breakout highlights
Risk/reward visualization
Session high/low
Basic fakeout detection
Alerts for breakout confirmation
Al Brooks PA full indicatorsKey Points
This indicator is highly useful for traders learning or using Al Brooks' price action method, offering tools for bar counting, EMAs, and pattern recognition.
It seems likely that it supports key Brooks concepts like identifying trends, support/resistance, and specific bar patterns for trading decisions.
The evidence leans toward it being customizable, allowing traders to tailor features to their needs, enhancing its utility for price action analysis.
Indicator Overview
This Pine Script indicator, titled "Al Brooks PA B/EMA/ioi/OCHL/BRN/B&S Signal&HCLC/MC/OR/5p(9/11)/Ledge/ATR/50%PB/Stop5.5," is designed for price action traders, particularly those following Al Brooks' methods. It overlays on the chart and provides a comprehensive set of tools for analyzing market conditions, making it ideal for learning and applying Brooks' strategies.
Key Features for Al Brooks Traders
Bar Counting and Key Bar Markers: The indicator counts bars from the session start and marks significant bars, such as the 7th for opening reversals and the 18th for potential daily highs or lows, aligning with Brooks' focus on specific bar counts for trading signals.
Multiple EMAs: It plots EMAs from various timeframes (e.g., 5-minute, 15-minute, 60-minute) on the current chart, aiding in trend identification and multi-timeframe analysis, which is crucial in Brooks' approach.
Pattern Recognition: Identifies inside and outside bars, key patterns in price action trading for spotting consolidation and breakout opportunities, as emphasized by Brooks.
Support and Resistance Tools: Offers a range of levels, including round numbers, previous period highs/lows/closes, and Fibonacci retracements, vital for setting entry points, stop losses, and profit targets in Brooks' methodology.
Volatility Measures: Displays ATR and half ATR values, helping assess market volatility for setting appropriate trade parameters, which is unexpected but useful for Brooks' scalping strategies.
Customization and Usability
The indicator is highly customizable, with options to toggle features on/off, adjust colors, and set parameters, allowing traders to tailor it to their specific trading style and instruments, enhancing its utility for learning and applying Al Brooks' methods.
Survey Note: Detailed Analysis of the Indicator Script for Al Brooks Price Action Traders
This section provides an in-depth examination of the indicator script, focusing on its relevance and utility for traders learning or using Al Brooks' price action trading methods. The script, written in Pine Script version 6, is designed to support price action analysis, particularly emphasizing Brooks' teachings on bar counting, trend identification, and support/resistance levels. Below, we explore each component, supported by detailed observations from the code, and how it aligns with Brooks' strategies.
Background and Purpose
The indicator, titled "Al Brooks PA B/EMA/ioi/OCHL/BRN/B&S Signal&HCLC/MC/OR/5p(9/11)/Ledge/ATR/50%PB/Stop5.5" with a short title "PA Bar Counting & S/R Full," is intended for overlay on price charts, with settings for maximum labels, lines, boxes, and bars back, all set to 500. This suggests a focus on detailed, real-time analysis with extensive visual elements, tailored for traders, especially those trading S&P 500 futures, as indicated by specific features like 5/10-point horizontal lines.
Given its complexity and the explicit mention of Al Brooks in the comments, it seems designed for traders familiar with his methodologies, which involve using bar charts and candlestick patterns to identify trends, support/resistance, and specific bar patterns for trading decisions, as detailed in his books and teachings (Al Brooks Price Action Trading).
Detailed Feature Breakdown
Bar Counting and Key Bar Markers
The script implements Al Brooks' bar counting, starting from the trading day's open, which is particularly useful for intraday trading and aligns with Brooks' emphasis on counting bars from the open to identify potential reversal points or areas of interest. It includes:
Custom bar counting using the session start, with markers for specific bars such as:
Bar 7, marked with a purple dot above, noted for opening reversals, often forming double tops/bottoms (DT/DB), which Brooks frequently discusses as early trend signals.
Bar 18, marked with a green dot, with a 90% chance of being the high or low of the day, a key concept in Brooks' analysis for identifying major turning points.
Bars 40 and 48, marked for middle day reversal and afternoon swing setups, respectively, reflecting Brooks' focus on intraday timeframes and specific bar counts for trend changes.
Bars 67 and 73, marked for last hour and 12:30 PM PDT BTC/STC swing setups, respectively, aligning with Brooks' intraday timing strategies.
Options to show bar counts every n bars (default 3) and highlight every 12th bar in red, with customizable colors for bar counts, providing visual cues for traders to track progress through the session.
This feature is crucial for traders following Brooks' teachings, where specific bar counts correlate with significant price action events. The robustness is enhanced by using time of close instead of bar index for thinly traded stocks, ensuring accuracy during irregular bar formation, which is particularly relevant for Brooks' scalping strategies in less liquid markets.
Moving Averages (EMAs)
The script includes extensive EMA functionality, catering to different trading timeframes, which aligns with Brooks' use of EMAs to identify trends and potential support/resistance levels:
A 10-period EMA for 2-minute chart scalping, toggleable with customizable length and color, plotted with a linewidth of 2, useful for short-term trend analysis in Brooks' scalping approach.
Multiple 20-period EMAs plotted on the 5-minute chart, including:
5-minute EMA, 15-minute EMA, and 60-minute EMA, each with options to show or hide, and customizable colors, reflecting Brooks' multi-timeframe analysis to align trades with higher timeframe trends.
Special calculations for these EMAs in Al Brooks' style, using session-based updates at hour, 15-minute, and 5-minute closes, adjusted for different time zones and session ends, ensuring accuracy in trend identification.
An option for the current timeframe's 20 EMA, plotted with a linewidth of 1, in aqua color with 50% transparency, providing additional trend context.
These EMAs are particularly useful for identifying trends across multiple timeframes, with the 2-minute EMA aiding short-term scalping strategies, which is a core component of Brooks' trading style.
Pattern Recognition: Inside and Outside Bars
The script includes a simple inside/outside bar finder, which is fundamental to Brooks' price action trading for identifying consolidation and expansion:
Plots 'i' above bars for inside bars, indicating consolidation, a key setup for Brooks' breakout trades.
Plots 'O' above bars for outside bars , indicating expansion, often used by Brooks for trend continuation or reversal signals.
This feature aids in identifying consolidation (inside bars) and expansion (outside bars), key for breakout and reversal strategies, aligning with Brooks' pattern-based trading.
Micro Channels: Bull and Bear Pressure
Real-time micro channel detection is implemented for both bullish and bearish pressures, which is unexpected but highly relevant for Brooks' focus on tight trading ranges and trend strength:
Bull micro channels start when not in a channel, with the first bar's low below the prior bar's low, requiring subsequent bars to have higher lows, plotted in green, reflecting Brooks' trend-following setups.
Bear micro channels similarly start with the first bar's high above the prior bar's high, requiring lower highs, plotted in red, useful for identifying bearish trends.
Both require a minimum channel length of 3 bars, with lines deleted and redrawn as conditions are met or broken, toggleable with a show option, providing dynamic visual cues for trend analysis.
This feature enhances Brooks' traders' ability to identify strong trending moves or potential breakouts, aligning with his emphasis on real-time trend analysis.
Support and Resistance Levels
The script offers an extensive suite of S/R tools, each with customization options, which are vital for Brooks' trading, as he often uses these levels for entry, exit, and stop placement:
Big and Small Round Numbers: Plots lines every 100 points (big) and 50 points (small), with colors based on price position (green above, red below), and labels with transparency settings, aligning with Brooks' use of psychological levels.
Period-Based OCHL: Includes high, low, close, and middle lines for yesterday, last week, last month, and current day/week, with options to show or hide each, and colors varying by period, reflecting Brooks' focus on previous period levels for context.
Globex High and Low: Plots lines for the Globex session (1500-0630), with red for high and green for low, adjustable for timezone (default America/Los_Angeles), useful for overnight range analysis in Brooks' intraday trading.
Buy Signal Support and Sell Signal Resistance: Based on bar patterns, plots dotted green lines for buy signals (three consecutive bullish bars with specific conditions) and red for sell signals (three consecutive bearish bars), with optional labels, aligning with Brooks' pattern-based entries.
Highest Close in Bull Trend and Lowest Close in Bear Trend: Plots dotted lines for the highest close in a bull trend (red) and lowest in a bear trend (green), with labels indicating scaling strategies, cleaned up daily, reflecting Brooks' trend-following and scaling techniques.
Automatic Horizontal Lines: For S&P 500, plots lines every 5 or 10 points, with solid lines for 10-point multiples and dotted for 5-point, toggleable for center and threshold (±1 point) lines, with alerts for crosses, useful for Brooks' scalping in index futures.
Ledge Top and Bottom: Identifies levels where multiple bars (default 3) have the same high or low within a lookback period (default 20), plotted with blue lines and labels, with alerts for price crosses, and cleanup for older than two weeks, aligning with Brooks' ledge trading strategies.
ATR and Half ATR Display: Calculates and displays ATR and half ATR values, with options for smoothing, toggleable, with labels above and below bars, positioned by tick offsets, aiding in volatility assessment for stop placement, a key aspect of Brooks' risk management.
50% Pullback Retracement: Calculates and plots 50% retracement levels for bull and bear trends for today and yesterday, with dynamic colors based on price position, dashed for yesterday, and alerts for crosses, reflecting Brooks' use of pullbacks for entries.
Stop at 5.5 Points Range: Plots lines ±22 ticks from the current price, toggleable with customization for color, width, and extension, likely for stop levels in S&P 500 trading, aligning with Brooks' fixed stop strategies.
These S/R tools provide traders with multiple reference points, from static levels like round numbers to dynamic ones like trend-based closes, enhancing decision-making for entries and exits, which is central to Brooks' methodology.
Customization and Usability
The script is highly customizable, with numerous input options for toggling features on/off, adjusting colors, setting periods (e.g., EMA length, lookback for ledges), and configuring display settings (e.g., line widths, label sizes, transparency). This adaptability ensures it can be tailored to individual trading styles, from scalping to swing trading, and across different instruments, though it seems optimized for S&P 500 futures, which is common in Brooks' trading examples.
Unexpected Detail: Integration with Scalping and Volatility
One unexpected aspect is the detailed ATR and half ATR display, which, while not explicitly mentioned in Brooks' core teachings, is highly relevant for his scalping strategies, providing traders with real-time volatility measures for setting stops and targets, enhancing the indicator's utility for short-term trades.
Conclusion
This indicator script is a comprehensive tool for price action traders, particularly those learning or applying Al Brooks' methods. Its extensive customization and wide range of features, including bar counting, EMAs, pattern recognition, micro channels, and S/R levels, make it versatile and aligned with Brooks' teachings. Given its complexity, it is best suited for experienced traders or those actively studying Brooks' strategies, offering a robust platform for analyzing and executing price action trades.
Table: Summary of Key Features for Al Brooks Traders
Category Features
Bar Counting Custom counting, key bar markers (7, 18, 40, etc.), every 12th bar highlight
Moving Averages 10 EMA for 2m, 20 EMAs for 5m/15m/60m on 5m chart, current timeframe EMA
Patterns Inside/outside bar detection
Micro Channels Real-time bull/bear channel plotting, minimum 3-bar length
Support/Resistance Round numbers (100/50), period OCHL, Globex, signals, trends, ledges, fixed levels, 50% pullbacks, horizontals
Volatility ATR and half ATR display, customizable smoothing, tick offsets
Customization Toggle features, adjust colors, periods, display settings
Al Brooks Bar Counting/EMA/ioi/BRN/50%PBOverview
This indicator helps traders analyze price action using various tools, designed for those familiar with Al Brooks' approach, which focuses on bar patterns and trend analysis. Below, we'll break down its main components and how to use them.
Main Features
10 EMA for Scalping: Plots a customizable 10-period EMA for quick trend identification on 2-minute charts, ideal for scalping strategies to determine short-term price direction and entry/exit points.
Bar Counting: Counts bars from the session start and highlights key bars (e.g., 7, 18, 40) that are significant in Al Brooks' trading methodology, helping identify potential reversal points and important price levels throughout the trading day.
Multi-Timeframe EMAs: Displays 20-period EMAs from 5m, 15m, and 60m timeframes on the 5m chart, providing a multi-timeframe perspective to confirm trend direction and strength.
Inside/Outside Bars: Marks inside bars ('i') and outside bars ('O') to identify consolidation and volatility patterns, assisting in spotting potential breakouts or reversals based on bar patterns.
Big Round Number S/R: Plots color-coded horizontal lines at multiples of 100 and 50 points, indicating psychological support and resistance levels, useful for identifying areas where price may react due to round number significance.
50% Pullback Retracement: Calculates and plots the 50% retracement levels of the current and previous day's price ranges, helping identify dynamic support and resistance levels for potential reversals or continuations.
Key Bar Numbers
The indicator highlights specific bars with trading significance, marked with colors for easy identification:
Bar Number Significance Color
7 End of first 6 bars, opening reversal (DT/DB) Purple
18 90% chance high/low of day Green
40 Middle day reversal Red
48 Afternoon swing setup (bars 48-50) Purple
67 Last hour BTC/STC swing setup Purple
73 12:30 PM PDT BTC/STC setup Purple
Survey Note: Comprehensive Analysis of the Indicator
This section provides an in-depth examination of the Pine Script indicator titled "Al Bar Counting/EMA/ioi/BRN/50%PB," designed for TradingView and inspired by Al Brooks' trading methodology. The indicator integrates multiple analytical tools to assist traders in technical analysis, focusing on bar counting, multi-timeframe Exponential Moving Averages (EMAs), pattern recognition, and dynamic support/resistance levels. Below, we explore each feature, its purpose, and practical usage, ensuring a thorough understanding for both novice and experienced traders.
Indicator Overview and Context
The script is written in Pine Script version 6, ensuring compatibility with the latest TradingView features. The title suggests a focus on Al Brooks' bar counting techniques, EMAs, inside/outside bar patterns, big round numbers (BRN), and 50% pullback (PB) retracements. Research suggests it's optimized for 5-minute charts, but it can be adapted for other timeframes with customizable settings, making it versatile for different trading styles.
Detailed Feature Description
10 EMA for Scalping
Purpose: This feature allows traders to plot a 10-period EMA on the chart, which is particularly useful for scalping on short timeframes like 2-minute charts. The EMA helps in identifying the short-term trend direction, with price above the EMA suggesting an uptrend and below indicating a downtrend.
Customization: The period and color of the EMA are customizable, allowing traders to adjust it to their preferences or specific market conditions. For scalping, traders might look for price pullbacks to the EMA as entry points in the direction of the trend.
Usage: Ideal for quick trades, enhancing strategies that require rapid decision-making, especially in fast-moving markets. This feature is particularly noted for its application on 2-minute charts, though it can be adapted to other short timeframes.
Bar Counting and Key Bar Highlights
Purpose: Bar counting involves numbering each bar from the start of the trading session, aligning with Al Brooks' emphasis on bar patterns for identifying potential reversals and key price points. This method tracks the sequence of bars to highlight specific bars that, according to Al Brooks' methodology, have a higher probability of being reversal points or significant price levels.
Specific Bars:
Bar 7: Marks the end of the first six bars, often associated with opening reversals (double tops or bottoms), indicated by a purple dot. This corresponds to approximately 35 minutes after market open on a 5-minute chart, a time often associated with initial volatility.
Bar 18: Noted for a 90% probability of being the day's high or low, marked with a green dot. This occurs around 90 minutes after open, potentially aligning with mid-morning market behavior, an unexpected detail for traders new to Al Brooks' methods, as it suggests a statistical likelihood not commonly emphasized in standard technical analysis.
Bar 40: Signals a potential middle day reversal, marked with a red dot, occurring around midday, a period that may see reduced volatility but potential turning points.
Bar 48: Denotes the start of the afternoon swing setup (bars 48-50), marked with a purple dot, around 1:30 PM, a time for potential afternoon trends.
Bar 67: Highlights the last hour swing setup for buy-the-close (BTC) or sell-the-close (STC) strategies, marked with a purple dot, around 3:05 PM, aligning with increased activity near the close.
Bar 73: Corresponds to the 12:30 PM PDT setup for BTC/STC, also marked with a purple dot, around 3:35 PM, specific to Pacific Time, which may be relevant for US market traders.
Multi-Timeframe EMAs
Purpose: Plots 20-period EMAs calculated from higher timeframes (15m and 60m) onto the 5m chart, providing a broader perspective on the trend direction. By doing so, it helps traders align their trades with the higher timeframe trend, increasing the probability of success.
Implementation Details: Aligns EMA calculations with higher timeframe closes (e.g., hourly, 15-minute) using session-based triggers, ensuring accuracy in trend representation. This includes options to show the 20 EMA for the current timeframe (5m chart), enhancing flexibility.
Usage: Traders can use these EMAs to confirm trends, with higher timeframe EMAs (60-minute) providing context for 5-minute chart decisions, useful for both intraday and swing trading. For example, if the 60m EMA is sloping upwards, it indicates a longer-term uptrend, which can influence trading decisions on the 5m chart.
Inside and Outside Bar Detection
Purpose: Identifies inside bars, indicating consolidation, and outside bars, suggesting increased volatility. These patterns are crucial for understanding market structure and potential price movements.
Visual Cues: Marks inside bars with 'i' and outside bars with 'O' above the bar, toggleable for user preference, making it easy to spot these patterns on the chart. This visual representation aids in quick decision-making.
Usage: Inside bars can precede breakouts, useful for anticipating price movements in range-bound markets, while outside bars might signal reversals or strong trend continuations, aiding entry/exit decisions in trending markets. Recognizing these patterns helps traders prepare for potential price movements, enhancing strategy effectiveness.
Big Round Number Support/Resistance
Purpose: Plots horizontal lines at big round numbers, which are price levels that are multiples of 100 or 50, such as 100, 150, 200, etc. These levels often act as psychological barriers where price tends to react, either by bouncing off (support/resistance) or breaking through, due to their round nature and trader psychology.
Dynamic Coloring: Lines are color-coded (green for support above price, red for resistance below), with labels at the chart's right edge for clarity. This color-coding helps traders quickly assess the market's position relative to these levels.
Usage: These levels are crucial for traders employing round number strategies, identifying potential price reaction zones, especially in psychological barrier trading. Traders can use these levels to set entry points, stop losses, or take profits, especially in conjunction with other indicators, enhancing trade planning.
50% Pullback Retracement
Purpose: Calculates and plots the 50% retracement level (midpoint) of the current and previous day's price range, serving as dynamic support/resistance. The 50% level is a common retracement level where price often finds support or resistance, aligning with Fibonacci retracement principles.
Daily Range Analysis: Tracks daily highs and lows, plotting the midpoint for both current and previous days, with yesterday's level plotted as a dashed line for distinction. This distinction helps traders differentiate between current and historical levels.
Color Dynamics: Lines and labels update based on price position (green above, red below), enhancing visual interpretation, similar to big round numbers. This dynamic coloring aids in quick assessment of market conditions.
Usage: Aligns with Fibonacci retracement principles, useful for identifying potential reversal points in trend-following and reversal strategies, particularly for intraday traders. Traders can use these levels to identify areas where the price might stall or reverse, enhancing trade setup accuracy.
Additional Tools for Enhanced Trading
Bar Timer: Optionally displays the time remaining until the current bar ends, implemented via a table, useful for time-sensitive trading decisions, especially in fast-moving markets. This feature, toggleable, aids traders who base their decisions on bar closes, enhancing timing precision.
Time Zone Adjustments: Supports different time zones for session closes, ensuring accurate EMA calculations at session ends, enhancing robustness across securities. This is particularly relevant for global traders, accommodating various market hours.
Customization and Flexibility
The indicator is highly customizable, with inputs grouped for clarity (e.g., "10 EMA for 2 minites Chart Scalp, Bar Counting and EMAs, INside/Outside Bars"). Traders can enable/disable features, adjust colors, line widths, and other parameters, making it adaptable to various trading styles and timeframes. While optimized for 5-minute charts, as noted in the code comments, it can be used on other timeframes by adjusting inputs, providing versatility.
Practical Usage and Trading Strategies
Scalping: Leverage the 10 EMA on 2-minute charts for quick trades, using its smoothness for trend identification. Traders might look for price pullbacks to the EMA as entry points, enhancing rapid decision-making.
Intraday Trading: Employ bar counting to pinpoint key bars for potential reversals, such as the 18th bar often marking a high/low, aligning with Al Brooks' methodology. For example, bar 7 can signal opening reversals, while bar 40 indicates midday opportunities, aiding intraday setups.
Trend Analysis: Use multi-timeframe EMAs to confirm trends, with higher timeframe EMAs providing context, useful for both entries and exits. This multi-timeframe approach enhances trend-following strategies.
Pattern Trading: Utilize inside/outside bars for entry/exit points, with inside bars for consolidation breaks and outside bars for volatility plays, enhancing range-bound or trending market strategies. This pattern recognition aids in anticipating market movements.
Support/Resistance Trading: Integrate big round numbers and 50% pullbacks to identify price reaction zones, combining with other indicators for confirmation, ideal for psychological barrier and Fibonacci-based strategies. This enhances trade planning and risk management.
Tables for Clarity
Feature Description Usage Example
10 EMA Scalp 10-period EMA for 2-min charts, customizable Quick scalping entries/exits
Bar Counting Counts bars, marks key numbers (7, 18, etc.) Identify reversal points intraday
Multi-Timeframe EMAs 20-period EMAs from 5m, 15m, 60m on 5m chart Confirm trend direction across timeframes
Inside/Outside Bars Marks 'i' for inside, 'O' for outside bars Spot consolidation, volatility setups
Big Round Number S/R Lines at 100, 50-point levels, color-coded Psychological barrier trading
50% Pullback Retracement Plots 50% levels for today/yesterday, color-coded Reversal points, trend continuation
Key Bar Number Significance Color
7 End of first 6 bars, opening reversal (DT/DB) Purple
18 90% chance high/low of day Green
40 Middle day reversal Red
48 Afternoon swing setup (bars 48-50) Purple
67 Last hour BTC/STC swing setup Purple
73 12:30 PM PDT BTC/STC setup Purple
Conclusion and Applicability
This indicator is a comprehensive tool for traders using Al Brooks' methods, offering detailed bar analysis, multi-timeframe trend confirmation, and dynamic support/resistance levels. Its customization options ensure adaptability, while features like time-based bar counting enhance robustness, especially for thinly traded securities. Traders can integrate it into various strategies, from scalping to intraday trend following, making it a versatile addition to their TradingView toolkit.
Aadarsh Ke Hooks longThis strategy is based on statistical analysis and quantitative analysis. Usefull when we trigger it above 50 sma... Please comment for script Improvements and restoring passion and plz boost the coder. Kethavath Aadarsh...
/**
* Strategy Overview:
* ------------------
* This strategy is based on comprehensive statistical and quantitative analysis, designed to trigger trading
* actions when the asset's price moves above its 50-day Simple Moving Average (SMA). The use of this indicator
* helps to confirm market momentum and may signal the onset of a trend, thereby potentially increasing the probability
* of capturing profitable opportunities.
*
* Script Improvements:
* --------------------
* 1. **Modularization:** Break down the logic into smaller, reusable functions for easier maintenance and improved readability.
* 2. **Error Handling:** Implement comprehensive error handling and logging to monitor unexpected behavior and data anomalies.
* 3. **Performance Optimization:** Optimize data-fetching methods and state management to reduce unnecessary re-renders and enhance efficiency.
* 4. **Testing:** Introduce unit tests to validate core functionalities, ensuring that future modifications do not compromise stability.
* 5. **Documentation:** Maintain clear and consistent inline documentation for functions and critical logic to facilitate future updates.
*
* Inspiration for the Developer:
* ------------------------------
* Remember, every line of code is an opportunity to learn and innovate. Your work today is laying the foundation
* for tomorrow's success. Keep challenging yourself, refine your code continuously, and stay passionate about
* solving problems through elegant, efficient solutions. Your drive and dedication make a difference—keep up the
* great work and continue pushing the boundaries of what's possible!
*/
Calculadora de Lotes AvançadaInforme o tamanho do seu stop e o script te devolve o lote correto, já descontando a comissão.
The Shark ' KHThe indicator is very simple and effective.
But please adhere to capital management.
The concept of the indicator is based on a breakout and then a retest of the areas shown within the rectangle. You can wait for a correction and then enter with the trend. It also identifies the order block, and 2EMA has been added to the indicator, with values of 100 and 200.
1-Min BTC Scalping StrategyAkshay 1 min BTC scalping uses moving averages, RSI , ADX and Stochastics to determine trend.
Liquidity Grab + Smart Money Divergencemarch22 AI DESIGN,march22 AI DESIGN,march22 AI DESIGN.march22 AI DESIGN
US Presidents (Alternating Fills by Order)📜 Indicator Description: US Presidents Background Fill
This indicator highlights the terms of U.S. Presidents on your chart with alternating red and blue background fills based on their political party:
• 🟥 Republicans = Red
• 🟦 Democrats = Blue
• 🎨 Dark/Light shading alternates with each new president to clearly distinguish consecutive terms, even within the same party.
The fill starts from President Ulysses S. Grant (18th President, 1873) through to the 47th president in 2025. It is designed to work with any asset and automatically adapts to the visible date range on your chart.
Ideal for visualizing macro trends, historical context, and how markets may have reacted under different political administrations.
Mark Hours/Minutes (Formula + Minutes)This Pine Script code is a TradingView indicator that analyzes the hour and minutes of each candle in a 1-minute timeframe and plots a red triangle above the candle if one of the following conditions is met:
Sum/Difference Condition: The sum or the absolute difference of the hours and minutes is equal to 29, 35, or 71, with a tolerance of +/- 1.
Minutes Condition: The minutes are equal to 00, 29, or 35.
This indicator is based on the Goldbach theory and the "algo path" concept popularized by Hopiplaka, which posits that algorithmic trading paths often initiate from minute values of 00, 29, and 35. Use this indicator according to your trading strategy.
Smart Trend Reversal System Smart Trend Reversal System - EMA & Stoch RSI Strategy 🚀
🔹 Overview:
The Smart Trend Reversal System is a momentum-based strategy that leverages Exponential Moving Average (EMA), Stochastic RSI, and traditional RSI to identify high-probability trend reversals in the market.
🔹 How It Works:
✅ Buy Signal:
Stochastic RSI (K) crosses above (D).
RSI is above the overbought threshold.
Price is above the 89 EMA (indicating a bullish trend).
✅ Sell/Short Signal:
Stochastic RSI (K) crosses below (D).
RSI is below the oversold threshold.
Price is below the 89 EMA (indicating a bearish trend).
✅ Exit Conditions:
Long exit: RSI crosses below 50 or price drops below EMA.
Short exit: RSI crosses above 50 or price moves above EMA.
🔹 Customization:
Modify the EMA length for different timeframes.
Adjust RSI/Stoch RSI settings to suit different asset classes.
Enable/disable LONG ONLY or SHORT ONLY mode for different strategies.
🔹 Best Use Cases:
📈 Trend Reversals & Momentum Trading
📉 Intraday & Swing Trading
⚡ Works on Stocks, Forex, Crypto & Indices
💡 Note: This is a strategy for educational purposes and should be tested before live trading.
📊 Try it out and let me know your feedback! 🚀🔥
BankOIThis script will draw lines based on the opening candle as per the value configured in indicator.
Used for BankNIfty,NIfty
BankNIfty preferred point-250,500
NIfty preferred point-50,100
Example
Configured points to draw line: 50
Market open at 23500. following lines will will be drawn.
23500+50=>23550
23500+100=>23600
23500+150=>23650
23500-50=>23450
23500-100=>23400
23500-150=>23350
10 lines above and below open candle value is drawn.
Day,Week,Month opening can be selected to draw lines.
