❤️❤️❤️ Conesa Kapital By JosefinaEste script es Propiedad y/o Creacion de un miembro de la comunidad EDU muchisimas gracias por la herramienta! <3
Multitimeframe
3Red Candle1Green TADAWUL:4230
مؤشر يرسم اعلى الشمعة و ادناه خط وعند تجاو الخطوط يعطي تنبية دخو و خروج
ابحث عن ٣ شموع هابطه واكثر بعدها تأتي شمعة خضراء
يكون جسمها اصغر من جسم اخر شمعه حمراء ويكون حجم تداولها أعلى من حجم تداول السابقة
مثال :
الدخول بتجاوز الشمعه والاغلاق اعلاها
Look for 3 falling candles and more, after which comes a green candle
Its body is smaller than the body of another red candle and its volume is higher than the trading volume Previous
Example:
Enter by exceeding the candle And closing above it
TrendTracker - Table Trend FREETrendTracker
The TrendTracker is a powerful indicator designed to help you quickly identify market trends (bullish or bearish) across the timeframes of your choice. It generates an intuitive and customizable table directly on your chart, displaying the trend status for your selected periods.
Key Features:
Clear trend identification: Easily see if the market is in a bullish (uptrend) or bearish (downtrend) state across your chosen timeframes.
Full customization: Adjust table colors, timeframes, and even its position on the chart directly within the indicator settings.
Clean and functional design: Built to provide quick insights without cluttering your chart.
Whether you're a beginner or an experienced trader, the TrendTracker is an essential tool to help you make more informed decisions and better seize market opportunities.
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If you found the TrendTracker useful, how about buying me a coffee? 🚀☕
Send any amount to my Metamask wallet (BSC): 0x74d57109eE016514Bc8b054ceae34740c34941A9
Thanks for your support, and happy trading! 💹
Multi-Timeframe RSI & Bollinger Bands Alert - HanniesThis script is for trend analysis, with bollinger bands and RSI indicator combination.
Direction Coefficient Indicator# Direction Coefficient Indicator with Advanced Volume & Volatility Adjustments
The Direction Coefficient Indicator represents an advanced technical analysis tool that combines price momentum analysis with sophisticated volume and volatility adjustments. This versatile indicator measures market direction while adapting to various trading conditions, making it valuable for both trend following and momentum trading strategies.
At its core, the indicator employs a unique approach to price analysis by establishing a dynamic reference period for calculations. It processes price data through an EMA smoothing mechanism to reduce market noise and presents results as percentage-based measurements, ensuring universal applicability across different markets and timeframes.
One of the indicator's standout features is its volume integration system. When enabled, this system implements volume-weighted calculations that provide enhanced accuracy during significant market moves while effectively reducing false signals during low-volume periods. This volume weighting mechanism proves particularly valuable in highly liquid markets where volume plays a crucial role in price movement validation.
The volatility adjustment feature sets this indicator apart from traditional momentum tools. By incorporating smart volatility normalization, the indicator adapts seamlessly to changing market conditions. This adjustment helps maintain consistent signals across different volatility regimes, preventing excessive noise during highly volatile periods while remaining sensitive enough during calmer market phases.
Direction change detection forms another crucial component of the indicator. The system continuously monitors momentum shifts and provides early warning signals for potential trend reversals. This feature helps traders avoid late exits from positions and offers valuable insights for potential market turning points. When the indicator detects significant changes in momentum, it displays a warning symbol (⚠) alongside its regular signals.
The visual presentation of the indicator utilizes an intuitive color-coded system. Green labels indicate positive momentum, while red labels signify negative momentum. The display system includes customizable label sizes and positions, allowing traders to adapt the visual elements to their specific chart setup and preferences. Label distance from candles, color schemes, and reference lines can all be adjusted to create an optimal visual experience.
For practical application, the indicator offers several parameter settings that traders can adjust. The time period parameters include adjustable lookback periods and EMA length, while advanced calculation options allow for enabling or disabling volume weighting and volatility adjustment features. These parameters can be fine-tuned based on specific trading timeframes and market conditions.
In trend following scenarios, traders can use the coefficient direction for trend confirmation while monitoring warning signals for potential exits. The volume weighting feature adds another layer of confirmation for trend strength. For momentum trading, strong coefficient readings can signal entry points, while warning signals help identify potential exit timing.
Risk management becomes more systematic with this indicator. Warning signals can guide stop loss placement, while the volatility adjustment feature assists in position sizing decisions. The volume weighting component helps traders evaluate the significance of price moves, contributing to more informed entry timing decisions.
The indicator performs optimally when traders start with default settings and gradually adjust parameters based on their specific needs. For longer-term trades, increasing the lookback period often provides more stable signals. In highly liquid markets, enabling volume weighting can enhance signal quality. The volatility adjustment feature proves particularly valuable during unstable market conditions.
The Direction Coefficient Indicator stands as a comprehensive solution for traders seeking a sophisticated yet practical approach to market analysis. By combining multiple analytical components into a single, customizable tool, it provides valuable insights while remaining accessible to traders of various experience levels.
For optimal results, traders should consider using this indicator in conjunction with other technical analysis tools while paying attention to its warning signals and volume-weighted insights. Regular parameter adjustment based on changing market conditions and specific trading styles will help maximize the indicator's effectiveness in various trading scenarios.
Indicateur de Coefficient Directeur
L'Indicateur de Coefficient Directeur représente un outil d'analyse technique avancé qui combine l'analyse de momentum des prix avec des ajustements sophistiqués de volume et de volatilité. Cet indicateur polyvalent mesure la direction du marché tout en s'adaptant à diverses conditions de trading, le rendant précieux tant pour le suivi de tendance que pour les stratégies de trading momentum.
À sa base, l'indicateur emploie une approche unique de l'analyse des prix en établissant une période de référence dynamique pour les calculs. Il traite les données de prix à travers un mécanisme de lissage EMA pour réduire le bruit du marché et présente les résultats sous forme de mesures en pourcentage, assurant une applicabilité universelle à travers différents marchés et temporalités.
L'une des caractéristiques distinctives de l'indicateur est son système d'intégration du volume. Lorsqu'il est activé, ce système met en œuvre des calculs pondérés par le volume qui fournissent une précision accrue pendant les mouvements significatifs du marché tout en réduisant efficacement les faux signaux pendant les périodes de faible volume. Ce mécanisme de pondération du volume s'avère particulièrement valuable dans les marchés très liquides où le volume joue un rôle crucial dans la validation des mouvements de prix.
La fonction d'ajustement de la volatilité distingue cet indicateur des outils de momentum traditionnels. En incorporant une normalisation intelligente de la volatilité, l'indicateur s'adapte parfaitement aux conditions changeantes du marché. Cet ajustement aide à maintenir des signaux cohérents à travers différents régimes de volatilité, empêchant le bruit excessif pendant les périodes très volatiles tout en restant suffisamment sensible pendant les phases de marché plus calmes.
La détection des changements de direction forme une autre composante cruciale de l'indicateur. Le système surveille continuellement les changements de momentum et fournit des signaux d'avertissement précoces pour les potentiels renversements de tendance. Cette fonctionnalité aide les traders à éviter les sorties tardives des positions et offre des aperçus précieux des potentiels points de retournement du marché. Lorsque l'indicateur détecte des changements significatifs de momentum, il affiche un symbole d'avertissement (⚠) à côté de ses signaux réguliers.
La présentation visuelle de l'indicateur utilise un système intuitif codé par couleurs. Les étiquettes vertes indiquent un momentum positif, tandis que les étiquettes rouges signifient un momentum négatif. Le système d'affichage inclut des tailles et positions d'étiquettes personnalisables, permettant aux traders d'adapter les éléments visuels à leur configuration spécifique de graphique et leurs préférences. La distance des étiquettes par rapport aux bougies, les schémas de couleurs et les lignes de référence peuvent tous être ajustés pour créer une expérience visuelle optimale.
Pour l'application pratique, l'indicateur offre plusieurs paramètres de réglage que les traders peuvent ajuster. Les paramètres de période temporelle incluent des périodes de référence ajustables et la longueur de l'EMA, tandis que les options de calcul avancées permettent d'activer ou de désactiver les fonctionnalités de pondération du volume et d'ajustement de la volatilité. Ces paramètres peuvent être affinés en fonction des temporalités de trading spécifiques et des conditions de marché.
Dans les scénarios de suivi de tendance, les traders peuvent utiliser la direction du coefficient pour la confirmation de tendance tout en surveillant les signaux d'avertissement pour les sorties potentielles. La fonction de pondération du volume ajoute une couche supplémentaire de confirmation pour la force de la tendance. Pour le trading momentum, des lectures fortes du coefficient peuvent signaler des points d'entrée, tandis que les signaux d'avertissement aident à identifier le timing potentiel de sortie.
La gestion du risque devient plus systématique avec cet indicateur. Les signaux d'avertissement peuvent guider le placement des stops loss, tandis que la fonction d'ajustement de la volatilité aide aux décisions de dimensionnement des positions. La composante de pondération du volume aide les traders à évaluer l'importance des mouvements de prix, contribuant à des décisions de timing d'entrée plus éclairées.
L'indicateur fonctionne de manière optimale lorsque les traders commencent avec les paramètres par défaut et ajustent progressivement les paramètres en fonction de leurs besoins spécifiques. Pour les trades à plus long terme, l'augmentation de la période de référence fournit souvent des signaux plus stables. Dans les marchés très liquides, l'activation de la pondération du volume peut améliorer la qualité des signaux. La fonction d'ajustement de la volatilité s'avère particulièrement précieuse pendant les conditions de marché instables.
L'Indicateur de Coefficient Directeur s'impose comme une solution complète pour les traders recherchant une approche sophistiquée mais pratique de l'analyse de marché. En combinant plusieurs composantes analytiques en un seul outil personnalisable, il fournit des aperçus précieux tout en restant accessible aux traders de différents niveaux d'expérience.
Pour des résultats optimaux, les traders devraient envisager d'utiliser cet indicateur en conjonction avec d'autres outils d'analyse technique tout en prêtant attention à ses signaux d'avertissement et ses aperçus pondérés par le volume. L'ajustement régulier des paramètres basé sur les conditions changeantes du marché et les styles de trading spécifiques aidera à maximiser l'efficacité de l'indicateur dans divers scénarios de trading.
Bewakoof stock indicator**Title**: "Bewakoof Stock Indicator: Multi-Timeframe RSI and SuperTrend Entry-Exit System"
---
### Description
The **Bewakoof Stock Indicator** is an original trading tool that combines multi-timeframe RSI analysis with the SuperTrend indicator to create reliable entry and exit signals for trending markets. This indicator is designed for traders looking to follow strong trends with built-in risk management. By filtering entries through short- and long-term momentum and utilizing dynamic trailing exits, this indicator provides a structured approach to trading.
#### Indicator Components
1. **Multi-Timeframe RSI Analysis**:
- The Relative Strength Index (RSI) is calculated across three timeframes: Daily, Weekly, and Monthly.
- By examining multiple timeframes, the indicator confirms that trends align over short, medium, and long-term intervals, making buy signals more reliable.
- **Buy Condition**: All three RSI values must meet these thresholds:
- **Daily RSI > 50** – indicates short-term upward momentum,
- **Weekly RSI > 60** – signals medium-term strength,
- **Monthly RSI > 60** – confirms long-term trend alignment.
- This filtering process ensures that buy signals are generated only in stable, upward-trending markets.
2. **SuperTrend Confirmation**:
- The SuperTrend (20-period ATR with a multiplier of 2) acts as a trend filter and trailing stop mechanism.
- For a buy condition to be valid, the closing price must be above the SuperTrend level, verifying that the market is trending up.
- The combination of RSI and SuperTrend helps to avoid false signals, focusing only on well-established trends.
#### Trade Signals
- **Buy Signal**: When both the multi-timeframe RSI and SuperTrend conditions are met, a buy signal is triggered, indicated by a “BUY” label on the chart with details:
- **Entry Price**,
- **Initial Stop-Loss** (set at the SuperTrend level for risk control),
- **Target 1** – calculated with a 1:1 risk-reward ratio based on the initial stop-loss,
- **Target 2** – calculated with a 1:2 risk-reward ratio based on the initial stop-loss.
- **Exit Signals**: This indicator provides two exit strategies to protect profits:
1. **Fixed Stop-Loss**: Automatically set at the SuperTrend level at the time of entry to limit risk.
2. **Trailing Exit**: Exits are triggered if the price crosses below the SuperTrend level, adapting to potential trend reversals.
#### Labeling & Alerts
The **Bewakoof Stock Indicator** offers intuitive labeling and alert options:
- **Labels**: Buy and exit points are clearly marked, showing entry, stop-loss, and targets directly on the chart.
- **Alerts**: Custom alerts can be set for:
- **Buy signals** when both conditions are met, and
- **Exit signals** triggered by the stop-loss or trailing exit.
#### Use Case and Benefits
This indicator is ideal for trend-following traders who value risk control and trend confirmation:
- **Stronger Trend Signals**: By requiring RSI alignment across multiple timeframes, this indicator focuses only on trades with strong trend momentum.
- **Dynamic Risk Management**: Using both fixed and trailing exits enables flexible trade management, balancing risk and potential reward.
- **Simple Trade Execution**: The chart labels and alerts simplify trade decisions, making it easy to enter, manage, and exit trades.
#### How to Use
1. **Add** the Bewakoof Stock Indicator to your chart.
2. **Watch** for the "BUY" label as your entry point.
3. **Manage the trade** using the labeled stop-loss and target levels.
4. **Exit** on either a stop-loss hit or when the price crosses below the SuperTrend for a trailing exit.
The **Bewakoof Stock Indicator** is a complete solution for trend-following traders, combining the strength of multi-timeframe RSI with the SuperTrend’s trend-following capabilities. This systematic approach aims to provide high-confidence entries and effective risk management, empowering traders to follow trends with precision and control.
Deshmukh TVWAP (Time Weighted Average Price)Deshmukh TVWAP (Time Weighted Average Price)
The Deshmukh TVWAP is a custom Time Weighted Average Price indicator designed for the Indian stock market, including stocks, futures, options, Nifty 50, and Bank Nifty charts. This indicator calculates the average price weighted by time within a specified session period, helping traders identify key price levels during intraday trading.
Key Features:
Calculates TVWAP based on intraday data between user-defined session start and end times (default: 9:15 AM to 3:30 PM).
Provides a dynamic average price level to gauge market trends.
Plots a blue line representing the TVWAP value on the chart.
Generates buy (green label up) and sell (red label down) signals based on price crossover with TVWAP:
Buy Signal: When the current price falls below the TVWAP line, indicating potential upward momentum.
Sell Signal: When the current price rises above the TVWAP line, suggesting possible downward pressure.
How to Use:
Use the TVWAP line as a reference for determining intraday price trends.
Buy signals can be used for scalping or initiating long positions when price trades below TVWAP.
Sell signals can be used for shorting or exiting long trades when price trades above TVWAP.
This indicator is best suited for intraday trading strategies on the Indian market, including equities, futures, and indices.
Recommended Timeframes:
Works best on 1-minute, 5-minute, or 15-minute intraday charts.
Deshmukh TVWAP (Multi-Timeframe)The TVWAP is an indicator that calculates the average price of an asset over a specified period, but instead of giving equal weight to each price during the period, it gives more weight to the later time periods within the trading session. It is essentially the running average of the price as time progresses.
Time-Weighted Calculation: Each data point (close price) gets a weight based on how much time has passed since the start of the session. The more time that has passed, the more "weight" is given to that price point.
Session-Based Calculation: The TVWAP resets at the start of each trading session (9:15 AM IST) and stops calculating after the session ends (3:30 PM IST). This ensures that the indicator only reflects intraday price movements during the active market hours.
Working of the Indicator in Pine Script
Session Timing:
The session runs from 9:15 AM to 3:30 PM IST, which is the standard market session for the Indian stock market. The script tracks whether the current time is within this session.
At the start of the session, the script resets the calculations.
Time-Weighted Average Price Calculation:
Each time a new price data (close price) comes in, the script adds the closing price to a cumulative sum (cumulativePriceSum).
It also counts how many time intervals (bars) have passed since the session started using cumulativeCount.
The TVWAP value is updated in real-time by dividing the cumulative price sum by the number of bars that have passed (cumulativePriceSum / cumulativeCount).
Buy and Sell Signals:
The TVWAP can act as a dynamic support/resistance level:
Buy Signal: When the price is below the TVWAP line, the script plots a green "Buy" signal below the bar.
Sell Signal: When the price is above the TVWAP line, the script plots a red "Sell" signal above the bar.
The logic behind this is simple: if the price is below TVWAP, it might be undervalued, and if it's above, it could be overvalued, making it a good time to sell.
Plotting TVWAP:
The TVWAP line is plotted in blue on the chart to provide a visual representation of the time-weighted average price throughout the session.
It updates with each price tick, helping traders identify trends or reversals during the day.
Key Components and How They Work
Session Timing (sessionStartTime and sessionEndTime):
These are used to check if the current time is within the trading session. The TVWAP only calculates the average during active market hours (9:15 AM to 3:30 PM IST).
Cumulative Calculation:
The variable cumulativePriceSum accumulates the sum of closing prices during the session.
The variable cumulativeCount counts the number of time periods that have elapsed (bars, or ticks in the case of minute charts).
TVWAP Calculation:
The TVWAP is calculated by dividing the cumulative sum of the closing prices by the cumulative count. This gives a time-weighted average for the price.
Plotting and Signals:
The TVWAP value is plotted as a blue line.
Buy Signals (green) are generated when the price is below the TVWAP line.
Sell Signals (red) are generated when the price is above the TVWAP line.
Use Cases of TVWAP
Intraday Trading: TVWAP is particularly useful for intraday traders because it adjusts in real-time based on the average price movements throughout the session.
Scalping: For scalpers, TVWAP acts as a dynamic reference point for entering or exiting trades. It helps in identifying short-term overbought or oversold conditions.
Trend Confirmation: A rising TVWAP suggests a bullish trend, while a falling TVWAP suggests a bearish trend. Traders can use it to confirm the direction of the trend before taking trades.
Support/Resistance: The TVWAP can also act as a dynamic level of support or resistance. Prices below TVWAP are often considered to be in a support zone, while prices above are considered resistance.
Advantages of TVWAP
Time-Weighted: Unlike traditional moving averages (SMA or EMA), TVWAP focuses on time rather than price or volume, which gives more relevance to later price points in the session.
Adaptability: It can be used across various timeframes, such as 3 minutes, 5 minutes, 15 minutes, etc., making it versatile for both scalping and intraday strategies.
Actionable Signals: With clear buy/sell signals, TVWAP simplifies decision-making for traders and helps reduce noise.
Limitations of TVWAP
Intraday Only: TVWAP is a day-specific indicator, so it resets each session. It cannot be used across multiple sessions (like VWAP).
Doesn't Account for Volume: Unlike VWAP, which accounts for volume, TVWAP only considers time. This means it may not always be as reliable in extremely low or high-volume conditions.
Conclusion
The TVWAP indicator provides a time-weighted view of price action, which is especially useful for traders looking for a more time-sensitive benchmark to track price movements during the trading day. By working across all timeframes and providing actionable buy and sell signals, it offers a dynamic tool for scalping, intraday trading, and trend analysis. The ability to visualize price relative to TVWAP can significantly enhance decision-making, especially in fast-moving markets.
THE WOLF OF STOCKS9EMA with midline Bollinger with signal
you can buy at a buy signal and sell a sell signal
[TheMandalor]Ichimoku Tenkansen Kijunsen Tip/ Signal 1This is the first Ichimoku tip that I have planned to code and publish it for all of you , I hope it is useful too.
Here is the structure of this tip:
When the Tenkansen is greeter than price and the Kijunsen is flatted and Tenkansen has a shape like V of inverted V, the indicator will plot a circle on V and/or inverted one and plot a background color to show you it is time for sell or buy, as you know the red color is for sell and the green color is using for buy signal.
Please pay attention that Ichimoku has a lot of TIPS and you must mix one or some of them that more compatible with your strategy together.
cheers
have fun and happy trading.
Nova Ai TraderNova AI Trader is an advanced trading tool engineered to enhance decision-making through a structured, multi-layered approach to trend analysis, volatility filtering, and dynamic trade management. Tailored for adaptability across various market conditions, Nova AI Trader synthesizes powerful analytic techniques to support a balanced trading style.
Core Functionalities
1. Dual-Level Trend Confirmation:
Nova AI Trader leverages a two-tier trend verification system, cross-referencing immediate and higher-timeframe data to maintain alignment with broader market movements. By synchronizing trend analysis across these levels, the tool minimizes noise and strengthens directional signals, allowing traders to confirm positions with a holistic market perspective.
2. Volatility-Adjusted Entry and Exit Filtering:
Utilizing a volatility-based framework, the indicator dynamically calibrates entry and exit points, aligning them with current market fluctuations. This method ensures that trades are sensitive to real-time volatility without overreacting to transient price movements, offering a more refined approach to trade execution and management.
3. Customizable Trade Modes for Versatile Market Responses:
With both "Consistent" and "Adaptive" trade modes, Nova AI Trader can align with stable conditions or adapt responsively to shifting trends. The "Consistent" mode provides steady signal parameters, while "Adaptive" mode fine-tunes itself according to market shifts, delivering versatility for various trading styles or preferences.
4. Structured Multi-Stage Profit and Risk Management:
Equipped with configurable, incremental profit-targeting levels, the tool supports strategic profit-taking and flexible stop-loss adjustments as price moves in favor of the trade. Each target level adjusts the risk-reward ratio intelligently, progressively securing gains while retaining the capacity for further upside capture in trending conditions.
5. Market-Wide Synchronization with Enhanced Trend Precision:
For traders seeking greater alignment with long-term trends, Nova AI Trader’s higher-timeframe synchronization feature helps validate trade entries against prevailing market currents. This approach minimizes false positives in low-confidence environments, making it well-suited for traders prioritizing trend consistency and long-term alignment.
6. Integrated Real-Time Alerts and Dashboard:
The Nova AI Trader provides real-time, actionable alerts for entries, profit-taking levels, and stop-loss adjustments, ensuring traders can respond promptly to opportunities. An on-chart dashboard visualizes key metrics, including trend direction, market volatility, and position status, delivering a centralized snapshot of trade-relevant data.
Why Nova AI Trader is Unique
Nova AI Trader combines these elements into a distinct analytical tool that goes beyond simple trend or volatility analysis. By implementing layered volatility adjustments, multi-timeframe confirmations, and adaptive trade modes, it presents an intelligent, market-responsive solution for dynamic risk management and trend validation. This approach provides traders with actionable insights while helping manage risks and secure gains in evolving markets.
ViPlay Signal Indicator ProViPlay Signal Indicator Pro is a powerful and multifunctional tool for financial market analysis. This indicator combines advanced technical analysis methods, such as buy and sell signals, support and resistance levels, and the use of indicators like moving averages and oscillators, to create reliable trading signals.
Features and Functionality:
Buy and Sell Signals:
The indicator generates clear buy and sell signals based on market dynamics and specific settings (e.g., Williams %R and several other parameters).
Buy signals are displayed as "Buy" labels, and sell signals as "Sell" labels, allowing traders to react quickly to market changes.
Support and Resistance Levels:
The indicator automatically calculates key support and resistance levels for various periods (e.g., 20, 50, 100 bars).
These levels are displayed on the chart with customizable line styles and thickness, helping traders better navigate price movements.
Moving Averages Display:
The indicator displays two moving averages with adjustable periods (default 50 and 200), allowing traders to track the current trend and use them to form signals.
It also includes labels for the crossover of these moving averages (Golden Cross and Death Cross), which helps identify potential trend changes.
Williams %R Indicator Usage:
The Williams %R indicator is used to determine market overbought or oversold conditions.
Users can adjust the sensitivity of the indicator to get the most accurate signals.
Configured Take-Profit Levels:
The indicator automatically calculates take-profit levels based on a specified percentage (default 7%), helping traders effectively manage risks.
These levels are displayed on the chart with customizable line styles (solid, dashed, or arrows).
Display of Additional Tables and Data:
The indicator shows additional data in the form of tables, including current values of Williams %R, RSI, and other indicators, providing traders with a more detailed market analysis.
Flexible Customization:
The indicator offers users a wide range of settings, including selection of periods for calculations, line styles, colors, and more, allowing customization to individual preferences.
It also supports displaying additional support and resistance lines for three different levels.
Multiple Display Styles Supported:
Includes customizable line styles, enabling traders to choose the most convenient visual display of data.
Advantages:
Versatility: Suitable for both beginners and experienced traders.
Ease of Use: Clear and understandable buy and sell signals.
Detailed Information: Inclusion of additional indicators and levels helps to better understand the current market situation.
Flexibility: Customization of indicator parameters to suit personal preferences.
Why Use This Indicator?
ViPlay Signal Indicator Pro helps traders make more informed decisions by providing precise and timely entry and exit signals. It can be used for both short-term and long-term trading strategies, reducing risks and increasing trading efficiency.
This indicator will be useful for anyone looking to improve their trading results and using technical analysis to make trading decisions.
Indikator-Status über verschiedene ZeitintervalleAbgebildet werden hier die Statuswerte der folgenden Indikatoren:
- Ichimoku
- MACD
- SuperTrend (angelehnt an den VolumeSuperTrend von Zeiierman)
- TriState SuperTrend
- Squeeze Momentum
In der Übersicht zusammengefasst, werden die Werte für die jeweiligen Indikatoren aus den TimeFrames 3m, 5m, 15m, 30m, 60m und 1440m (=1D) dargestellt und geben somit einen übersichtlich zusammengefassten Gesamtüberblick, welcher sich gut in die persönliche Handelsstrategie integrieren lässt.
Ausgegeben werden folgende Werte:
- Buy = Einstiegssignal für eine mögliche Long-Position
- Sell = Einstiegssignal für eine mögliche Short-Position
- Neutral / Range = Kein klarer Trend erkennbar (= Seitwärtstrend)
- action = Squeeze Momentum Release = Unterstützung für einen Tradeeinstieg
- wait = Squeeze Momentum Capture = Squeeze Momentum noch nicht "abgeschlossen"
(Es handelt sich hierbei um mein erstes Script, aber für Verbesserungstipps, Wünsche oder Ratschläge bin ich gerne zu haben ;) )
QuantumX 🤖 Trend CatcherQuantumX 🤖 Trend Catcher
Your ultimate tool for capturing trends with precision.
QuantumX 🤖 Trend Catcher is a versatile and powerful indicator designed to identify market trends, reversals, and optimal entry/exit points for traders of all skill levels. Leveraging dynamic ATR trailing stops, Heikin Ashi candle options, and customizable sensitivity, this indicator adapts to varying market conditions effortlessly.
Key Features:
Dynamic ATR-Based Stops: Identify bullish and bearish trends with precision.
Heikin Ashi Option: Toggle between regular and Heikin Ashi candles for smoother trend analysis.
Buy/Sell Signals: Clearly marked on the chart for ease of trading.
Trend Ribbon: A visual representation of trend strength and direction.
Take Profit/Stop-Loss Areas: Customizable TP1, TP2, and TP3 zones with clear labels for effective risk management.
Alerts: Instant notifications for Buy/Sell opportunities and key price crossovers.
Who is it for?
Whether you're a scalper, day trader, or swing trader, QuantumX 🤖 Trend Catcher offers the flexibility and clarity you need to enhance your trading strategy.
Instructions:
Adjust sensitivity and ATR period to suit your trading style.
Enable Heikin Ashi candles for smoother trends if needed.
Use the trend ribbon and labeled signals for a clear view of market direction.
Set up alerts for automated notifications on key market events.
NoWick Candles HighlighterThis scripts highlights bullish candles with no wicks and bearish candles with no tails.
Candelaa® - Fair Value Gap (FVG) 📝 Overview
A Fair Value Gap, is a three-candle pattern where an unfilled area exists between the high of the first candle and the low of the third candle. This Fair Value Gap represents a price imbalance and often serves as a level of support or resistance on the price chart.
A Bullish FVG occurs when the high of the first candle is below the low of the third candle, creating a gap in price between them.
A Bearish FVG happens when the low of the first candle is above the high of the third candle, also resulting in a price gap.
The indicator is designed to allow traders to precisely and accurately identify Fair Value Gaps (FVGs) across any chosen time frame. By automatically detecting these price imbalances, it highlights potential areas where price may retrace, providing valuable insights into market support and resistance levels. This capability enables traders to make informed decisions based on the presence of FVGs, enhancing their strategies for entry and exit points across different market conditions and time frames.
📦 Features
MTF
Mitigation
Consequent Encroachment
Threshold
Hide Overlap
Advanced Styling
⚙️ Settings
Show: Controls whether FVGs are displayed on the chart.
Show Last: Sets the number of FVGs you want to display.
Length: Determines the length of each FVG.
Mitigation: Highlights when an FVG has been touched, using a different color without marking it as invalid.
Timeframe: Specifies the timeframe used to detect FVGs.
Threshold: Sets the minimum gap size required for FVG detection on the chart.
Show Mid-Line: Configures the midpoint line's width and style within the FVG. (Consequent Encroachment - CE)
Show Border: Defines the border width and line style of the FVG.
Hide Overlap: Removes overlapping FVGs from view.
Extend: Extends the FVG length to the current candle.
Elongate: Fully extends the FVG length to the right side of the chart.
⚡️ Showcase
Simple
Mitigated
Bordered
Consequent Encroachment
Extended
🚨 Alerts
This script provides alert options for all signals.
Bearish Signal
A bearish signal is triggered when the price moves back into a bearish inversion zone and then reverses downward.
Bullish Signal
A bullish signal is triggered when the price returns to a bullish inversion zone and then breaks upward out of the top.
⚠️ Disclaimer
Trading involves significant risk, and many participants may incur losses. The content on this site is not intended as financial advice and should not be interpreted as such. Decisions to buy, sell, hold, or trade securities, commodities, or other financial instruments carry inherent risks and are best made with guidance from qualified financial professionals. Past performance is not indicative of future results.
Customizable Multi-Timeframe Doji with Ray and Editable LabelScript Overview
Script Name: Customizable Multi-Timeframe Doji Candle Levels with Ray and Editable Label
Purpose: This script helps traders identify significant price levels based on high timeframe Doji candles, allowing them to visualize key areas of support, resistance, entry, and exit. By plotting real-time Doji levels from higher timeframes directly on the current chart, traders can easily spot areas where market indecision or potential trend reversals have previously occurred, making these levels highly relevant for future price action.
How the Script Works
This script detects Doji candles on a selected higher timeframe (e.g., daily, weekly, monthly) and plots a ray at the Doji’s closing level on the current chart. The Doji candle formation, characterized by an open and close that are very close or equal, is often an indicator of market indecision. By identifying these Doji levels from high timeframes, the script provides traders with insight into where strong support and resistance zones may form.
The script continuously monitors and updates the Doji level based on the selected timeframe, ensuring that only the latest detected Doji candle is displayed on the chart, helping traders avoid clutter and focus on the most recent data.
Core Components and Calculations
1 Doji Detection Logic:
-The script calculates the Doji candle formation based on a small body percentage (defined by the C_DojiBodyPercent parameter) and relative symmetry in upper and lower shadows (defined by C_ShadowPercent and C_ShadowEqualsPercent).
-A Doji is considered valid when the open and close prices are nearly equal, and the shadows are symmetric within the defined parameters, indicating indecision.
2 Multi-Timeframe Data Retrieval:
-Using the request.security() function, the script fetches open, high, low, and close prices from the specified higher timeframe. It applies Doji detection logic to this higher timeframe data.
-barmerge.lookahead_on and barmerge.gaps_on ensure real-time updates, so the Doji level is immediately reflected on the chart when detected.
3 Ray and Label Plotting:
-When a Doji candle is detected on the selected timeframe, the script plots a ray at the Doji's close price, extending forward on the chart.
-Customizable options for the ray, including color, width, and style (solid, dotted, or dashed), help traders visually differentiate the Doji levels from other chart elements.
-An editable label can be positioned alongside the ray to denote the Doji level, with customizable text, color, background, and size to provide additional context.
4 Automatic Line and Label Management:
-The script dynamically deletes any previous ray and label when a new Doji is detected. This approach minimizes chart clutter and ensures that only the most recent Doji level from the higher timeframe is displayed.
Customization Options
1 Timeframe Selection:
Users can choose any timeframe (e.g., hourly, daily, weekly, monthly) to display Doji levels based on their specific trading strategy.
2 Ray and Label Appearance:
Ray: Customize color, width, and line style (solid, dotted, dashed) for better visibility and integration with the chart’s theme.
Label: Customize the label text, background color, text color, text size, and position (above, below, left, or right of the ray) for a personalized view.
How to Use This Script
1 Select the Target Timeframe for Doji Detection: Choose a high timeframe (such as daily or weekly) to view Doji-based support/resistance levels.
2 Set Custom Ray and Label Parameters : Adjust the visual aspects of the ray and label to align with your chart setup and make the Doji level stand out.
3 Interpretation of Doji Levels: Use the plotted Doji levels as potential support or resistance zones. Since Doji candles reflect market indecision, they often precede significant price reversals or strong continuation moves. By analyzing these levels, traders can:
- Identify key support/resistance zones based on historical market indecision.
- Set entry and exit levels around these zones to capitalize on potential reversals or
continuations.
-Spot confluence areas where the Doji level aligns with other indicators or technical patterns.
Recommended Chart Setup
For optimal clarity, use this script on a clean chart, free from overlapping indicators. This script is designed to work independently, so avoid layering multiple support/resistance scripts unless essential to avoid clutter. A clean chart helps ensure that Doji levels are readily visible, enabling a clear focus on significant levels relevant to your trading strategy.
Sentient FLDOverview of the FLD
The Future Line of Demarcation (FLD) was first proposed by JM Hurst in the 1970s as a cycle analysis tool. It is a smoothed median price plotted on a time-based chart, and displaced into the future (to the right on the chart). The amount of displacement is determined by performing a cycle analysis, the line then plotted to extend beyond the right hand edge of the chart by half a cycle wavelength.
Interactions between price and the FLD
As price action unfolds, price interacts with the FLD line, either by crossing over the line, or by finding support or resistance at the line.
Targets
When price crosses an FLD a target for the price move is generated. The target consists of a price level and also expected time.
When price reaches that target it is an indication that the cycle influencing price to move up or down has completed that action and is about to turn around.
If price fails to reach a target by the expected time, it indicates bullish or bearish pressure from longer cycles, and a change in mood of the market.
Sequence of interactions
Price interacts with the FLD in a regular sequence of 8 interactions which are labelled using the letters A - H, in alphabetical order. This sequence of interactions occurs between price and a cycle called the Signal cycle. The full sequence plays out over a single wave of a longer cycle, called the Sequence cycle. The interactions are:
A category interaction is where price crosses above the FLD as it rises out of a trough of the Sequence cycle.
B & C category interactions often occur together as a pair, where price comes back to the FLD line and finds support at the level of the FLD as the first trough of the Signal cycle forms.
D category interaction is where price crosses below the FLD as it falls towards the second trough of the Signal cycle.
E category interaction is where price crosses above the FLD again as it rises out of the second trough of the Signal cycle.
F category interaction is where price crosses below the FLD as it falls towards the next trough of the Sequence cycle.
G & H category interactions often occur together as a pair, where price comes back to the FLD line and finds resistance at the level of the FLD before a final move down into the next Sequence cycle trough.
Trading Opportunities
This sequence of interactions provides the trader with trading opportunities:
A and E category interactions involve price crossing over the FLD line, for a long trading opportunity.
D and F category interactions involve price crossing below the FLD line, for a short trading opportunity.
B and C category interactions occur where price finds support at the FLD, another long trading opportunity.
G and H category interactions occur where price finds resistance at the FLD, another short trading opportunity.
3 FLD Lines Plotted
The Sentient FLD indicator plots three FLD lines, for three primary cycles on your time-based charts:
The Signal cycle (pink color, can be changed in the settings), which is used to generate trading signals on the basis of the sequence of interactions between price and the FLD
The Mid cycle (orange color, can be changed in the settings), which is used for confirmation of the signals from the signal cycle FLD.
The Sequence cycle (green color, can be changed in the settings) which is the cycle over which the entire A - H sequence of interactions plays out.
Cycle Analysis
In addition to plotting the three FLD lines, the Sentient FLD indicator performs a cycle phasing analysis and identifies the positions of the troughs of five cycles on your chart (The Signal, Mid & Sequence cycles and two longer cycles for determining the underlying trend).
The results of this analysis are plotted by using diamond symbols to mark the timing of past troughs of the cycles, and circles to mark the timing of the next expected troughs, with lines extending to each side to represent the range of time in which the trough is expected to form. These are called circles-and-whiskers. The diamonds are stacked vertically because the troughs are synchronized in time. The circles-and-whiskers therefore are also stacked, creating a nest-of-lows which is a high probability period for a trough to form.
Identifying the Interactions
The Sentient FLD also identifies the interactions between price and each one of the three FLDs plotted on your chart, and those interactions are labelled so that you can keep track of the unfolding A - H sequence.
Next Expected Interaction
Because the Sentient FLD is able to identify the sequence of interactions, it is also able to identify the next expected interaction between price and the FLD. This enables you to anticipate levels of support or resistance, or acceleration levels where price is expected to cross through the FLD.
Cycle Table
A cycle table is displayed on the chart (position can be changed in settings). The cycle table comprises 6 columns:
The Cycle Name (CYCLE): the name of the cycle which is its nominal wavelength in words.
The Nominal Wavelength (NM): The nominal wavelength of the cycle measured in bars.
The Current Wavelength (CR): The current recent wavelength of the cycle measured in bars.
The Variation (VAR): The variation between the nominal wavelength and current wavelength as a percentage (%).
The relevant Sequence Cycle (SEQ): The cycle over which the sequence of interactions with this FLD plays out.
The Mode (MODE): Whether the cycle is currently Bearish, Neutral or Bullish.
Benefits of using the Sentient FLD
The cycle analysis shown with diamonds and circles marking the troughs, and next expected troughs of the cycles enable you to anticipate the timing of market turns (troughs and peaks in the price), because of the fact that cycles, by definition, repeat with some regularity.
The results of the cycle analysis are also displayed on your chart in a table, and enable you to understand at a glance what the current mode of each cycle is, whether bullish, bearish or neutral.
The identification of the sequence of interactions between price and the FLD enables you to anticipate the next interaction, and thereby expect either a price cross of the FLD or dynamic levels of support and resistance at the levels of the FLD lines, only visible to the FLD trader.
When the next expected interaction between price and the FLD is an acceleration point (price is expected to cross over the FLD), that level can be used as a signal for entry into a trade.
Similarly when the next expected interaction between price and the FLD is either support or resistance, that level can be used as a signal for entry into a trade when price reacts as expected, finding support or resistance.
The targets that are generated as a result of price crossing the FLD represent cycle exhaustion levels and times, and can be used as take profit exits, or as levels after which stops should be tightened.
The indicator optionally also calculates targets for longer timeframes, and displays them on your chart providing useful context for the influence of longer cycles without needing to change timeframe.
Example
In this image you can see an example of the different aspects of the indicator working on a 5 minute chart (details below):
This is what the indicator shows:
The 3 FLD lines are for the 100 minute (pink), 3 hour (orange) and 6 hour (green) cycles (refer to the cycle table for the cycle names).
Previous targets can be seen, shown as pointed labels, with the same colors.
The cycle table at the bottom left of the chart is colour coded, and indicates that the cycles are all currently running a bit long, by about 14%.
Note also the grey-colored 6 hour target generated by the 15 x minute timeframe at 12:20. When targets are close together their accuracy is enhanced.
At the foot of the chart we can see a collection of circles-and-whiskers in a nest-of-lows, indicating that a 12 hour cycle trough has been due to form in the past hour.
The past interactions between price and the signal cycle are labelled and we can see the sequence of E (with some +E post-interaction taps), F and then G-H.
The next interaction between price and the signal is the A category interaction - a long trading opportunity as price bounces out of the 12 hour cycle trough.
Notice the green upward pointing triangles on the FLD lines, indicating that they are expected to provide acceleration points, where price will cross over the FLD and move towards a target above the FLD.
The cycle table shows that the cycles of 6 hours and longer are all expected to be bullish (with the 12 hour cycle neutral to bullish).
On the basis that we are expecting a 12 hour trough to form, and the 6 hour cycle targets have been reached, and the next interaction with the signal cycle is an A category acceleration point, we can plan to enter into a long trade.
Two hours later
This screenshot shows the situation almost 2 hours later:
Notes:
The expected 12 hour cycle trough has been confirmed in the cycle analysis, and now displayed as a stack of diamonds at 12:25
Price did cross over the signal cycle FLD (the 100 minute cycle, pink FLD line) as expected. That price cross is labelled as an A category interaction at 13:00.
A 100 minute target was generated. That target was almost, but not quite reached in terms of price, indicating that the move out of the 12 hour cycle trough is not quite as bullish as would be expected (remember the 12 hour cycle is expected to be neutral-bullish). The time element of the target proved accurate however with a peak forming at the expected time. Stops could have been tightened at that time.
Notice that price then came back to the signal FLD (100 minute) line at the time that the next 100 minute cycle trough was expected (see the pink circle-and-whiskers between 13:40 and 14:25, with the circle at 14:05.
Price found support (as was expected) when it touched the signal FLD at 13:55 and 14:00, and that interaction has been labelled as a B-C category interaction pair.
We also have a 3 hour target above us at about 6,005. That could be a good target for the move.
Another 2 hours later
This screenshot shows the situation another 2 hours later:
Notes:
We can see that the 100 minute cycle trough has been confirmed at 13:45
The nest-of-lows marking the time the 3 hour cycle trough was expected is between 15:00 and 15:45, with a probable trough in price at 15:00
The sequence of interactions is labelled: A at 13:00; B-C at 14:00; another B-C (double B-C interactions are common) at 14:30; E at 15:10; +E (a post E tap) at 16:20
Price has just reached a cluster of targets at 6005 - 6006. The 3 hour target we noted before, as well as a 6 hour target and a 12 hour target from the 15 x minute timeframe.
Notice how after those targets were achieved, price has exhausted its upward move, and has turned down.
The next expected interaction with the signal cycle FLD is an F category interaction. The downward pointing red triangles on the line indicate that the interaction is expected to be a price cross down, as price moves down into the next 6 hour cycle trough.
Other Details
The Sentient FLD indicator works on all time-based charts from 10 seconds up to monthly.
The indicator works on all actively traded instruments, including forex, stocks, indices, commodities, metals and crypto.
Machine Learning RSI [BackQuant]Machine Learning RSI
The Machine Learning RSI is a cutting-edge trading indicator that combines the power of Relative Strength Index (RSI) with Machine Learning (ML) clustering techniques to dynamically determine overbought and oversold thresholds. This advanced indicator adapts to market conditions in real-time, offering traders a robust tool for identifying optimal entry and exit points with increased precision.
Core Concept: Relative Strength Index (RSI)
The RSI is a well-known momentum oscillator that measures the speed and change of price movements, oscillating between 0 and 100. Typically, RSI values above 70 are considered overbought, and values below 30 are considered oversold. However, static thresholds may not be effective in all market conditions.
This script enhances the RSI by integrating a dynamic thresholding system powered by Machine Learning clustering, allowing it to adapt thresholds based on historical RSI behavior and market context.
Machine Learning Clustering for Dynamic Thresholds
The Machine Learning (ML) component uses clustering to calculate dynamic thresholds for overbought and oversold levels. Instead of relying on fixed RSI levels, this indicator clusters historical RSI values into three groups using a percentile-based initialization and iterative optimization:
Cluster 1: Represents lower RSI values (typically associated with oversold conditions).
Cluster 2: Represents mid-range RSI values.
Cluster 3: Represents higher RSI values (typically associated with overbought conditions).
Dynamic thresholds are determined as follows:
Long Threshold: The upper centroid value of Cluster 3.
Short Threshold: The lower centroid value of Cluster 1.
This approach ensures that the indicator adapts to the current market regime, providing more accurate signals in volatile or trending conditions.
Smoothing Options for RSI
To further enhance the effectiveness of the RSI, this script allows traders to apply various smoothing methods to the RSI calculation, including:
Simple Moving Average (SMA)
Exponential Moving Average (EMA)
Weighted Moving Average (WMA)
Hull Moving Average (HMA)
Linear Regression (LINREG)
Double Exponential Moving Average (DEMA)
Triple Exponential Moving Average (TEMA)
Adaptive Linear Moving Average (ALMA)
T3 Moving Average
Traders can select their preferred smoothing method and adjust the smoothing period to suit their trading style and market conditions. The option to smooth the RSI reduces noise and makes the indicator more reliable for detecting trends and reversals.
Long and Short Signals
The indicator generates long and short signals based on the relationship between the RSI value and the dynamic thresholds:
Long Signals: Triggered when the RSI crosses above the long threshold, signaling bullish momentum.
Short Signals: Triggered when the RSI falls below the short threshold, signaling bearish momentum.
These signals are dynamically adjusted to reflect real-time market conditions, making them more robust than static RSI signals.
Visualization and Clustering Insights
The Machine Learning RSI provides an intuitive and visually rich interface, including:
RSI Line: Plotted in real-time, color-coded based on its position relative to the dynamic thresholds (green for long, red for short, gray for neutral).
Dynamic Threshold Lines: The script plots the long and short thresholds calculated by the ML clustering process, providing a clear visual reference for overbought and oversold levels.
Cluster Plots: Each RSI cluster is displayed with distinct colors (green, orange, and red) to give traders insights into how RSI values are grouped and how the dynamic thresholds are derived.
Customization Options
The Machine Learning RSI is highly customizable, allowing traders to tailor the indicator to their preferences:
RSI Settings : Adjust the RSI length, source price, and smoothing method to match your trading strategy.
Threshold Settings : Define the range and step size for clustering thresholds, allowing you to fine-tune the clustering process.
Optimization Settings : Control the performance memory, maximum clustering steps, and maximum data points for ML calculations to ensure optimal performance.
UI Settings : Customize the appearance of the RSI plot, dynamic thresholds, and cluster plots. Traders can also enable or disable candle coloring based on trend direction.
Alerts and Automation
To assist traders in staying on top of market movements, the script includes alert conditions for key events:
Long Signal: When the RSI crosses above the long threshold.
Short Signal: When the RSI crosses below the short threshold.
These alerts can be configured to notify traders in real-time, enabling timely decisions without constant chart monitoring.
Trading Applications
The Machine Learning RSI is versatile and can be applied to various trading strategies, including:
Trend Following: By dynamically adjusting thresholds, this indicator is effective in identifying and following trends in real-time.
Reversal Trading: The ML clustering process helps identify extreme RSI levels, offering reliable signals for reversals.
Range-Bound Trading: The dynamic thresholds adapt to market conditions, making the indicator suitable for trading in sideways markets where static thresholds often fail.
Final Thoughts
The Machine Learning RSI represents a significant advancement in RSI-based trading indicators. By integrating Machine Learning clustering techniques, this script overcomes the limitations of static thresholds, providing dynamic, adaptive signals that respond to market conditions in real-time. With its robust visualization, customizable settings, and alert capabilities, this indicator is a powerful tool for traders seeking to enhance their momentum analysis and improve decision-making.
As always, thorough backtesting and integration into a broader trading strategy are recommended to maximize the effectiveness!
Support and Resistance MTF [Cometreon]Support and Resistance is an advanced indicator that automatically plots key support and resistance levels on any symbol and timeframe, including higher ones. This innovative tool employs sophisticated algorithms to continuously analyze market data, identifying and drawing levels on the chart in real-time. By offering traders an immediate and clear view of critical market areas, Support and Resistance optimizes the decision-making process and eliminates time spent on manual analysis.
Key Features:
Automatic Level Identification: The indicator automatically plots all support and resistance levels, providing a clear map of key points on the chart.
Historical Visualization: Shows historical support and resistance levels, providing a comprehensive view of the market over time.
Dynamic Trend Creation: Automatically identifies and updates trends based on levels, simplifying the understanding of market directions.
Automatic Fibonacci: Generates Fibonacci levels based on the last two support and resistance levels, offering additional reference points for potential price retracements or extensions.
Customizable Alerts: Offers a series of configurable alerts to keep you informed about breakouts, new confirmed levels, and price bounces on active levels.
Technical Details and Customizable Inputs:
Support and Resistance offers a range of customizable settings that allow adapting the indicator to specific needs:
Line Types: Select the type of lines to display: active, broken, both, or none.
Left Length: Determines the number of candles to calculate the previous high or low point.
Right Length: Defines the number of candles needed to confirm a level as Support or Resistance.
Timeframe: You can modify the timeframe of supports and resistances to view levels of a higher timeframe. It's also possible to add additional support and resistance levels using a second timeframe.
Breakout Source: Change the source needed to break support and resistance levels between Close or High/Low.
Delete at Timeframe: Allows removing levels based on the current chart resource instead of using that of the higher timeframe.
Session Range: Choose a period of distance from the last candle to define how far back in the past the indicator should look for Supports or Resistances.
Style Valid Level: Customize the appearance of active levels, including the color of the level itself, Liquidity fill, text color, line style and thickness, extension, as well as the size, position, and values to display in the level text.
Liquidity: This option displays the liquidity associated with each support and resistance level, with three modes: "Wick" which goes from the high/low to the upper/lower body, "Body" instead goes from the level to the lower/upper body of the candle and "Full Range" which extends from the high to the low of the candle.
Style Break Level: Allows modifying color, style, and thickness of lines, as well as text width, for two types of breakouts: "MSS" and "BOS" .
"MSS" stands for "Market Structure Switch" and indicates a level breakout opposite to the previous breakout, signaling a trend reversal.
"BOS" , on the other hand, means "Break of Structure" and occurs when a level is broken in the same direction as the previous one, confirming trend continuation.
Fibonacci Trend Line : Add up to 8 Fibonacci levels based on the last two identified support and resistance levels. Customize the different levels by modifying colors, thickness, style, and extension of lines. You also have the option to add a transparent background between each level.
Use Only Confirmed Levels: Activate this option if you want the system to use only the last two confirmed levels, excluding potential levels not yet confirmed.
Reverse: Used to reverse the direction of Fibonacci lines.
Use Higher / Lower: This option allows using the currently active maximum and minimum levels of Support and Resistance. The indicator will update each Support level until it encounters another active Resistance, and vice versa.
Trend Style: Activate/deactivate two types of indicator Trends: "Bar Color" based on level breakouts and "Background Color" based on the last active unconfirmed level.
Signal Style: Activate or deactivate the various breakout and bounce signals. Bounces present three options:
- Total Rejection: occurs when the price exceeds the high or low and closes below the liquidity level.
- Internal Rejection: the price closes in the liquidity zone.
- Liquidity Rejection: the price does not exceed the high or low, but only the liquidity level, closing below it.
Customized Alerts: Set alerts to be notified in case of breakouts, bounces, or formation of new levels.
These options allow you to optimize the indicator for different trading styles and market conditions, ensuring accurate and tailored technical analysis.
How to Use Support and Resistance:
Using Critical Levels: Consider all levels on the chart as "magnetic points" for the price. These represent critical areas where the market tends to react.
Signal Interpretation: Use the indicator's signals to interpret market movements. A level breakout can indicate a trend reversal or continuation. Bounces can suggest the holding of a level or signal a possible breakout.
Strategy Integration: Leverage the trend of support and resistance levels, breakouts, and bounces as key elements to develop and refine your trading strategies.
Call To Action:
Support and Resistance simplifies your market analysis, saving you time and improving the accuracy of your decisions. Thanks to clearly visualized and customizable levels, you'll have a clearer and more immediate view of market dynamics.
Don't wait any longer: discover how Support and Resistance can enhance your market analysis, offering you clear indications for faster and more precise trading decisions.
TrendLines MTF [Cometreon]Trendline is an advanced indicator designed to automatically plot all trendlines on the chart and signal when they are broken, adapting to any symbol and timeframe, including larger ones. This innovative tool uses advanced algorithms to continuously analyze market data, automatically identifying and drawing trendlines on the chart. Trendline offers traders an immediate and clear visualization of market dynamics, saving time in manual analysis and optimizing trading decisions.
Key Features:
Automatic Plotting: The indicator automatically draws and updates trendlines, providing a real-time overview of market trends.
Breakout and Bounce Signaling: Provides immediate notifications when a trendline is broken or the price bounces off it, allowing traders to react promptly to market changes.
Customization: Offers the ability to modify length, touches, colors, and line style to suit individual preferences.
Information Table: Includes a detailed table showing the values of all active trendlines, facilitating the monitoring of key market points.
Configurable Alerts: Allows setting custom alerts for breakouts, bounces, or creation of new trendlines.
Technical Details and Customizable Inputs:
Trendline offers a range of customizable inputs that allow adapting the indicator to specific needs:
Trendline Type: Select between active trendlines, broken ones, both, or none.
Left and Right Length: Defines the extension of maximum and minimum points to identify Trendlines.
Timeframe: You can also modify the timeframe of Trendlines to display a higher timeframe.
Confirm at Timeframe: Allows you to confirm the Trendlines using the chart's timeframe instead of the selected one. This checks whether a candle has already broken the line previously.
Delete at Timeframe: input to remove trendlines based on breakouts with chart candles, instead of using candles of a higher timeframe.
Touch Need: Sets the number of touches needed to confirm a Trendline.
Max Trend Line for Level: Limits the maximum number of Trendlines in a single level.
Extended Line After Break: Option to extend broken Trendlines by a specific value.
Session Range: The "Session Range" offers two options: select a specific date or a period relative to the last candle. The input allows choosing between "Choose" and "Pick Up".
With "Choose", you select a relative period, with two modes:
- Last: shows the trendlines of the selected period, compatible with Replay.
- Real Time: displays all TrendLines, searching from the last selected period.
Example: "1 Month" with "Last" shows the TrendLines from the previous month, while "Real Time" searches without time limits but uses the values from the last month. This allows defining the search depth of the indicator, crucial for computing power. In case of issues, use "Auto".
Trendlines Style: Modify the style for each type of Trendlines (Valid, Break) including color, style, and line thickness.
Trends Trendlines: Enable/disable two different trends:
- Trend Bar Color: based on TrendLines breakouts. Breaking a bearish TrendLine results in a bullish trend, vice versa for breaking a bullish TrendLine.
- Trend Background: based on the number of active TrendLines. For example, if the number of bullish TrendLines is greater than the "Strength", the trend will be bullish.
Signal Style: You can enable or disable breakout and bounce signals, with customizable colors for each signal type.
Alert: Set notifications for breakouts, bounces, or formation of new Trendlines.
Table: Customize the table showing the values of all active trendlines, facilitating the monitoring of key market points. You can modify the appearance of the table, changing the color of cells and text.
These options allow you to optimize the indicator for different trading styles and market conditions, ensuring precise and personalized technical analysis.
How to Use Trendlines:
Market Analysis: Use the displayed Trendlines as critical indicators of market dynamics to make informed trading decisions.
Signal Interpretation: Leverage Trendline breakouts and bounces to identify potential trend changes and trading opportunities.
Strategy Integration: Use Trendlines and generated signals as a basis for creating personalized and innovative trading strategies.
With Trendlines, you can simplify your market analysis, saving time and improving the accuracy of your decisions with clearly visualized and customizable Trendlines.
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Signal Tester [Cometreon]Signal Tester is a powerful tool that allows you to analyze and visualize up to 100 historical positions directly on the TradingView chart. This indicator is ideal for quickly testing the effectiveness of trading signals from various sources.
Key Features:
Graphical visualization of entry and exit signals
Support for analysis on different timeframes
Ability to test signals from bots, groups, or personal strategies
Technical Details and Customizable Inputs:
Position Selection : Choose up to 100 recent positions, both long and short, to display signals directly on the chart.
Data Entry : Easily select the date and position type (long/short) in the settings.
How to Use the Indicator:
Enter entry and exit signals in the indicator settings.
Analyze the results directly on the chart.
Add the generated signals to the Strategy Tester to verify their effectiveness.
Start testing your trading signals now with TradeLab Beta's Signal Tester access this powerful tool and take your market analysis to the next level!
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Dynamic Time Period CandlesThis indicator gives the dynamic history of the current price over various time frames as a series of candles on the right of the display, with optional lines on the chart, so that you can assess the current trend more easily.
In the library I found lots of indicators that looked at the previous xx time period candle, but they then immediately switched to the new xx time candle when it started to be formed. This indicator looks back at the rolling previous time period. With this indicator, you can clearly see how price has been behaving over time.
IMPORTANT SETUP INFO:
Initially, you must go into the settings and select the timeframe (in minutes) that your chart is displaying. If you don't do this then the indicator will look back the wrong number of candles and give you totally wrong results.
You can then setup how high you want the candle labels to be on the chart.
Then you can select settings for each candle that you want displayed. Anywhere between 1 and 5 different timeframes can be displayed on the chart at once.
I initially published an indicator called 'Dynamic 4-Hour Candle (Accurate Highs and Lows)', but this new indicator is so different that it needs to be forked and published as a separate indicator. The reasons for this are below:
The original indicator only looked at the previous 4 hour time period. This indicator allows the user to select any time period that they choose.
The original indicator only looked at one time period. This indicator allows to select between one and five time periods on the chart at once.
The original indicator did not put lines on the chart to show the lookback period and the highs and lows of that time period. This indicator does both those things.
The name of the original indicator in no way now describes what this new indicator is capable of, and would be very misleading to anyone who came across it. This new indicator has a name that much more accurately reflects what its' purpose and functionality is.