Reversal Signals [LuxAlgo]The Reversal Signals indicator is a technical analysis tool that aims to identify when a trend is fading and potentially starting to reverse.
As a counter-trend tool, the Reversal Signals indicator aims to solve the problem of several technical analysis indicators that perform well during trending markets but struggle in ranging markets. By understanding the key concepts and applications of the tool, traders can enhance their market timing and improve their trading strategies.
Note: It's important to explore the settings of the indicator to customize to your own usage & display as there are various options available as covered below.
🔶 USAGE
The Reversal Signals indicator is comprised of two main phases: Momentum Phase and Trend Exhaustion Phase . These phases help identify potential trend reversals in bullish, bearish, and ranging markets.
🔹The Momentum Phase
The momentum phase consists of a 9-candle count and in rare cases 8-candle count. In a bullish trend, a starting number ‘1’ is plotted if a candle closes higher than the close of a candle four periods ago. In a bearish trend, a starting number ‘1’ is plotted if a candle closes lower than the close of a candle four periods ago.
The following numbers are plotted when each successive candle satisfies the four-period rule. The potential reversal point comes when the Reversal Signals plot a label on top of a candle in a bullish trend or at the bottom of a candle in a bearish trend. The momentum phase is immediately canceled if, at any point, a candle fails to satisfy the four-period rule.
Based on the extremes of the momentum phase, the Reversal Signals generate support & resistance levels as well as risk/stop levels.
🔹 The Trend Exhaustion Phase
The trend exhaustion phase starts after completing the momentum phase and consists of a 13-candle count. In a bullish trend exhaustion phase, each candle’s close is compared to the close of two candles earlier, and the close must be greater than the close two periods earlier. In a bearish trend exhaustion phase, each candle’s close is compared to the close of two candles earlier, and the close must be lower than the close two periods earlier.
The trend exhaustion phase does not require a consecutive sequence of candles; if the order of candles is interrupted, the trend exhaustion phase is not canceled. The trend exhaustion phase generates stronger trading signals than the momentum phase, with the potential for longer-lasting price reversals.
🔹 Trading Signals
The Reversal Signals script presents an overall setup and some phase-specific trade setup options, where probable trades might be considered. All phase-specific trade setups, presented as options, are triggered once the selected phase is completed and followed by a price flip in the direction of the trade setup.
Please note that those setups are presented for educational purposes only and do not constitutes professional and/or financial advice
- Momentum: Enter a trade at momentum phase completion, and search for buy (sell) when the bullish (bearish) momentum phase pattern is complete. Ideally, the momentum phase completion should close near its support/resistance line but shall not be above them, which indicates continuation of the trend
- Exhaustion: Enter a trade on trend exhaustion phase completion, and search for buy (sell) when the bullish (bearish) trend exhaustion phase is complete
- Qualified: Buy (sell) when a bullish (bearish) trend exhaustion phase combined with another bullish (bearish) momentum phase sequence is complete
Long trade setups are presented with "L" label and short trade setups with "S" label, where the content of the label displays details related to the probable trade opportunity
Once a phase-specific trade setup is triggered then the Reversal Signals script keeps checking the status of the price action relative to the phase-specific trade setups and in case something goes wrong presents a caution label. Pay attention to the content of the caution labels as well as where they appear. A trade signal, followed immediately by a warning indication can be assumed as a continuation of the underlying trend and can be traded in the opposite direction of the suggested signal
It is strongly advised to confirm trading setups in conjunction with other forms of technical and fundamental analysis, including technical indicators, chart/candlestick pattern analysis, etc.
🔶 DETAILS
The Reversal Signals script performs the detection of the phases by counting the candlestick meeting the specific conditions, which includes:
- Detection of the 8th and 9th candle perfection during the momentum phase
- In some cases, the 8th count will be assumed as momentum phase completion
- Trend exhaustion phase counting stops in case any type of momentum phase completion is detected during the counting process
- Postponing the last count of the trend exhaustion phase, the 13th candle must be below/above the 8th candle and if not the candles will be indicated with '+' sign under them and the script continues to search for a 13th candle at the next ones until the conditions are met
🔶 ALERTS
When an alert is configured, the user will have the ability to be notified in case;
Momentum / Trend Exhaustion phase completion
Support & Resistance level cross detection
Stop / Risk level cross detection
Long / Short Trade Setups are triggered
Please note, alerts are available with 'any alert() function call' and the alerts will be received only for the features that are enabled during alert configuration
🔶 SETTINGS
🔹 Momentum Phase
Display Phases: displays the momentum phases, where the Completed option allows the display of only completed momentum phases. The detailed option allows the display of the entire process of the momentum phase processes
Support & Resistance Levels: Toggles the visibility of the Support & Resistance Levels and Line Styling options
Momentum Phase Risk Levels: Toggles the visibility of the momentum phase Stop/Risk Levels and Line Styling options
For color options please refer to the options available under the style tab
🔹 Trend Exhaustion Phase
Display Phases: displays the trend exhaustion phases, where the Completed option allows the display of only completed trend exhaustion phases. The detailed option allows the display of the entire process of the trend exhaustion phase processes
Trend Exhaustion Phase Risk Levels: Toggles the visibility of the trend exhaustion phase Stop/Risk Levels
Trend Exhaustion Phase Target Levels: Toggles the visibility of the trend exhaustion phase Target Levels
For color options please refer to the options available under the style tab
🔹 Trade Setups
Overall Trend Direction & Trade Setup: displays the overall trend and probable trade setup levels, the users should search for a price flip and confirm with other means of technical and fundamental analysis for the trade setups once the label is plotted
Phase-Specific Trade Setup Options
Momentum: Searches for a trade setup after momentum phase completion
Exhaustion: Searches for a trade setup after trend exhaustion phase completion, stronger trend reversal possibility compared to momentum phase setup
Qualified: Searches for a trade setup after the trend exhaustion phase followed by a momentum phase completion
None: No trade setups are presented
Price Flips against the Phase Specific Trade Setups: enables checking the price action relative to the phase-specific trade setups
🔶 RELATED SCRIPTS
Here are the scripts that may add additional insight during potential trading decisions.
Buyside-Sellside-Liquidity
Support-Resistance-Classification
Pesquisar nos scripts por "Buy sell"
Directional Volume EStimate from Price Action (RedK D_VESPA)The "Directional Volume EStimate from Price Action (RedK D_VESPA)" is another weapon for the VPA (Volume Price Analysis) enthusiasts and traders who like to include volume-based insights & signals to their trading. The basic concept is to estimate the sell and buy split of the traded volume by extrapolating the price action represented by the shape of the associated price bar. We then create and plot an average of these "estimated buy & sell volumes" - the estimated average Net Volume is the balance between these 2 averages.
D_VESPA uses clear visualizations to represent the outcomes in a less distracting and more actionable way.
How does D_VESPA work?
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The key assumption is that when price moves up, this is caused by "buy" volume (or increasing demand), and when the price moves down, this is due to "selling" volume (or increasing supply). Important to note that we are making our Buy/sell volume estimates here based on the shape of the price bar, and not looking into lower time frame volume data - This is a different approach and is still aligned to the key concepts of VPA.
Originally this work started as an improvement to my Supply/Demand Volume Viewer (V.Viewer) , I ended up re-writing the whole thing after some more research and work on VPA, to improve the estimation, visualization and usability / tradability.
Think of D_VESPA as the "Pro" version of V.Viewer -- and please go back and review the details of V.Viewer as the root concepts are the same so I won't repeat them here (as it comes to exploring Balance Zone and finding Price Convergence/Divergence)
Main Features of D_VESPA
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- Update Supply/Demand calculation to include 2-bar gaps (improved algo)
- Add multiple options for the moving average (MA type) for the calculation - my preference is to use WMA
- Add option to show Net Volume as 3-color bars
- Visual simplification and improvements to be less distracting & more actionable
- added options to display/hide main visuals while maintaining the status line consistency (Avg Supply, Avg Demand, Avg Net)
- add alerts for NetVol moving into Buy (crosses 0 up) or Sell (crosses 0 down) modes - or swing from one mode to the other
(there are actually 2 sets of alerts, one set for the main NetVol plot, and the other for the secondary TF NetVol - give user more options on how to utilize D_VESPA)
Quick techie piece, how does the estimated buy/sell volume algo work ?
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* per our assumption, buy volume is associated with price up-moves, sell volume is associated with price down-moves
* so each of the bulls and bears will get the equivalent of the top & bottom wicks,
* for up bars, bulls get the value of the "body", else the bears get the "body"
* open gaps are allocated to bulls or bears depending on the gap direction
The below sketch explains how D_VESPA estimates the Buy/Sell Volume split based on the bar shape (including gap) - the example shows a bullish bar with an opening gap up - but the concept is the same for a down-bar or a down-gap.
I kept both the "Volume Weighted" and "2-bar Gap Impact" as options in the indicator settings - these 2 options should be always kept selected. They are there for those who would like to experiment with the difference these changes have on the buy/sell estimation. The indicator will handle cases where there is no volume data for the selected symbol, and in that case, it will simply reflect Average Estimated Bull/Bear ratio of the price bar
The Secondary TF Est Average Net Volume:
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I added the ability to plot the Estimate Average Net Volume for a secondary timeframe - options 1W, 1D, 1H, or Same as Chart.
- this feature provides traders the confidence to trade the lower timeframes in the same direction as the prevailing "market mode"
- this also adds more MTF support beyond the existing TradingView's built-in MTF support capability - experiment with various settings between exposing the indicator's secondary TF plot, and changing the TF option in the indicator settings.
Note on the secondary TF NetVol plot:
- the secondary TF needs to be set to same as or higher TF than the chart's TF - if not, a warning sign would show and the plot will not be enabled. for example, a day trader may set the secondary TF to 1Hr or 1Day, while looking at 5min or 15min chart. A swing/trend trader who frequently uses the daily chart may set the secondary TF to weekly, and so on..
- the secondary TF NetVol plot is hidden by default and needs to be exposed thru the indicator settings.
the below chart shows D_VESPA on a the same (daily) chart, but with secondary TF plot for the weekly TF enabled
Final Thoughts
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* RedK D_VESPA is a volume indicator, that estimates buy/sell and net volume averages based on the price action reflected by the shape of the price bars - this can provide more insight on volume compared to the classic volume/VolAverage indicator and assist traders in exploring the market mode (buyers/sellers - bullish/bearish) and align trades to it.
* Because D_VESPA is a volume indicator, it can't be used alone to generate a trading signal - and needs to be combined with other indicators that analysis price value (range), momentum and trend. I recommend to at least combine D_VESPA with a variant of MACD and RSI to get a full view of the price action relative to the prevailing market and the broader trend.
* I found it very useful to take note and "read" how the Est Buy vs Est Sell lines move .. they sort of "tell a story" - experiment with this on your various chart and note the levels of estimate avg demand vs estimate avg supply that this indicator exposes for some very valuable insight about how the chart action is progressing. Please feel free to share feedback below.
Gunbot Machine GunGunbot Machine Gun Strategy
This is how the Gunbot Machine Gun works: I have 200 slots for alerts in Tradingview. I use all of those slots to set buy and sell alerts on BTC pairs. I have volatility filter in my script so the Machine Gun will only start firing out rounds (Buy alerts) when the volatility becomes high. Tradingview sends email to gmail. Gunbot waits for the email, once it reads it Gunbot will action the email (buy/sell depending on the message). Gunbot buys the coin based on email message received from Tradingview. It will be rapid fire, accumulating buys while coin is pumping up. Then when the dust settles and momentum starts dying, the script will throw a hand grenade (pink triangles), send a sell signal/email then Gunbot reads that email and executes the sell all trade.
Buys early during pumps. Finds coins that will pump soon. Sells at peak.
Legend:
Green triangles = buy signals
Pink triangles = sell signals
Note:
During period of low volatility there will rarely be any buy signals. The sell signals during this time is irrelevant (can only sell after you bought). But once high volatility is detected the script gets ready to activate. Then it starts sending buy signals close and during the pumps. Sells at peak.
Works on most coins and stocks.
Market Order Bubbles - By Leviathan"Market Order Bubbles" is a volume-based indicator that helps visualize the occurrences of increased aggressiveness in market buying/selling and can serve as a useful confluence for trading reversals or as a simple tool for observing real-time market dynamics.
I created Market Order Bubbles six months ago as an additional tool included in my Liquidation Levels script. Due to their popularity, I decided to publish them as a standalone indicator with some new features. The script is based on a calculation that uses volume data (imitation of CVD) and price action to estimate where there is a surge in the quantity and magnitude of market buy and sell orders. These occurrences are visualized with circles (bubbles) that appear above the bar (market buy orders) or below the bar (market sell orders). Most of the time, the approach to interpreting the bubbles is contrarian, meaning that the appearance of Market Buy Order Bubbles can serve as a confluence to look for shorts, and the appearance of Market Sell Order Bubbles can serve as a confluence to look for longs.
The concept behind taking a contrarian approach:
Market Buy Order Bubbles appear above the price and possibly signal the following:
- Short positions being liquidated (exit short = buy order)
- New traders entering late longs based on FOMO (enter long = buy order)
- Smarter traders getting their limit sell orders filled by aggressive buyers/stopped out shorts
⇒ Possible reversal to the downside / short-term pullback / start of ranging price action (PA)
Market Sell Order Bubbles appear below the price and possibly signal the following:
- Long positions being liquidated (exit long = sell order)
- New traders entering late shorts based on FOMO (enter short = sell order)
- Smarter traders getting their limit buy orders filled by aggressive sellers/stopped out longs
⇒ Possible reversal to the upside / short-term pullback / start of the ranging PA
These events are identified and filtered by EMA and STDEV-based "thresholds," which can be modified in the indicator settings.
1. If the buy/sell volume exceeds the first threshold, a Small Bubble is displayed.
2. If the buy/sell volume surpasses the second threshold, a Medium Bubble is displayed.
3. If the buy/sell volume exceeds the third threshold, a Large Bubble is displayed.
Increasing the multipliers effectively increases the threshold for a given bubble to appear, making the conditions for its occurrence more strict.
Decreasing the multipliers effectively decreases the threshold for a given bubble to appear, making the conditions for its occurrence less strict.
Settings Overview
"Bubble Position" - Choose whether the bubbles are displayed above/below the candle, at the candle high/low, or at the intrabar POC of the candle.
"Strength Gradient Color" - This option adjusts the transparency of the bubble's color relative to the volume on that bar.
"Threshold EMA Length" - Choose the length of the EMA used for determining the thresholds.
"Threshold STDEV Length" - Choose the length of the ta.stdev() function used on the EMA.
"Appearance Delay" - This input allows you to delay the appearance of the bubble for x number of bars. The default is 0.
"Show POC" - Show/hide intrabar POCs displayed as "-".
"Timeframe-Adjusted Settings" - Different timeframes might require different parameters. In this section, you can set custom parameters (Lengths and Multipliers) for four different timeframes, and the script will automatically switch to those settings as you browse through different timeframes.
Liquidation Bands (+CVD Bubbles) - By LeviathanAlong with CVD bubbles, this script plots continuous bands that represent 100x, 75x, 50x, 25x liquidation levels. The bands can serve as support/resistance, reversal points, expected volatility range and more.
The indicator uses either the Exponential Moving Average (EMA) or the Volume Weighted Average Price (VWAP) as a base for plotting continuous lines and zones set at the approximate distance of 100x, 75x, 50x, 25x leverage liquidation prices.
These bands can help you visualize:
- Dynamic Support and Resistance levels
- Levels that the price will gravitate towards
- Expected price range (potential volatility)
- Reversal points
- ...
The "CVD Bubbles" part of this script plots circles that are based on my imitation of Cumulative Volume Delta (CVD).
CVD Bubbles will appear when buy/sell volume is increased. The larger the bubble, the more buying/selling at that candle.
"Buy Order" CVD Bubbles appear above candles and might signal:
- Late longers entering the market
- Large short liquidations (closed short=buy order)
- Large market buys getting absorbed by limit sell orders
=> Bias: potential reversal to the downside
"Sell Order" CVD Bubbles appear below candles and might signal:
- Late shorters entering the market
- Large long liquidations (closed long=sell order)
- Large market sells getting absorbed by limit buy orders
=> Bias: potential reversal to the upside
Combining Liquidation Bands and CVD Bubbles can serve you as confluence for taking a trade, but don't follow them blindly.
Settings:
"Mode" - Choose the base for Liquidation Bands (EMA or VWAP)
"EMA/CVD Length" - Choose the length (number of bars) for calculating EMA and CVD
"Level Calculation Mode" - Choose between 3 variations of calculating the distance to Liquidation Bands
"Standard Deviation Length" - Choose the length used for calculating the thresholds of CVD
"Appearance" - Choose the colors of lines, zones and CVD Bubbles
"STDEV MULT." - Multiply the thresholds used for CVD Bubble Sizes
WinAlgo V1"WinAlgo" Product Description:
The indicator quickly identifies market trends with visual buy/sell alerts on the chart.
Accurate Buy Sell indicator Signal
Script work on our try and tested algorithm and provide you buy and sell indicator signals
Hama Trend based on volume
Trend changes based on asset rate and volume it's nominated as the best trend reversal indicator.
Auto Support and Resistance Lines
The purpose of technical indicators is to help with your timing decisions to buy or sell. Optimistically, the signals are clear and unequivocal.
Trend Lines for dual confirmation
A popular buying and selling indicator that is useful for predicting trend reversals is used using stochastic trends.
HAMA
HAMA basically stands for Heiken Ashi Moving Average. This indicator is a trend-following indicator that helps traders identify the general direction of the trend over the mid-term.
The Heiken Ashi Moving Average is a modified version of the Heiken Ashi Smoothed indicator. Still, the two indicators share almost the same qualities. The Heiken Ashi Smoothed indicator is based on an Exponential Moving Average ( EMA ), while the HAMA indicator is also based on a moving average. Both indicators are geared towards identifying the mid-term trend and both indicators tend to produce accurate signals with very few false signals. This allows traders to stay with the trend until it loses steam. The difference is only that the HAMA indicator has no wicks, while the Heiken Ashi Smoothed indicator has wicks.
Our WinAlgo Indicator combines various exponential moving averages and RSI in order to deliver an early entry to a buy or sell trend. The indicator also has a red and green line in order to identify better the entry. The different color ranges of the candles make you also visualize better the trend. The dark red candles, for example, can announce an early reversal bullish signal.
The indicator is useful on any timeframe available on TradingView, even for 5-minute scalping.
Use Our WinAlgo Adx Indicator to get a confirmation of Buy and Sell Signals.
Disclaimer: Trading and investing in the stock market and cryptocurrencies involves a substantial risk of loss and is not suitable for every investor. The content covered in this video is NOT to be considered investment advice. I’m NOT a financial adviser. All trading strategies are used at your own risk.
Good For Scalping With Sensibility Adjustment.
a custom technical indicator named "WinAlgo". The indicator aims to provide a simple, yet effective way to analyze price trends and generate trading signals based on the filtered price of an asset.
It starts by defining various inputs, such as the source of the price data (default is close price), the sampling period, and the range multiplier. These inputs can be adjusted by the user in the chart interface.
Next, the script calculates a smoothed average range, which acts as the basis for determining a range filter. The range filter is then applied to the price data and the resulting filtered price is plotted on the chart.
The script also calculates upward and downward trend lengths, which are used to determine the direction of the trend and to color the chart bars. The filtered price, along with the high and low target bands, are then plotted on the chart. The high and low target bands are defined as the filtered price plus or minus the smoothed average range.
Finally, the script includes conditions for detecting long (buy) and short (sell) trades, based on the filtered price crossing above or below the target bands. If a long or short trade is detected, the script will generate a visual alert on the chart and trigger an alert message.
In summary, the "WinAlgo" indicator is a combination of a range filter and a trade signal generator, designed to help traders identify trend changes and make buy/sell decisions based on these changes.
[VC] Box Chart Index V1.0The ''V.C Box Chart Index'' shows the shortest possible wave. It graphically shows the continuous up movement or continuous down movement in the form of a box. As soon as the direction changes, the box changes as well.
It is an effortless way to show the price change that occurred in the box visually. It also correlates to what Wyckoff said about as the buying waves increase in volume, time, and length & the selling waves shorten, lookout for a change in the prevailing trend.
The example below shows more big green boxes than red, and the price change caused by the green box has made the uptrend.
Important Note:
V.C Box Chart Index also correlates to another indicator named V.C Box Chart Histogram
V.C Box Chart Histogram draws the cumulative delta based on each box as a histogram. Combining these two indicators empowers you to see the cumulative demand & supply and buying & selling quantity of each box.
See the Example Blow:
The above example shows that supply is decreasing on down boxes, indicating that fewer sellers are left to pull the market down.
On the other hand, demand increases on the up boxes, indicating that more buyers are coming into the market. As a result, every green box is breaking the previous high & price is moving upside.
For a more comprehensive understanding of the co-relation of these two indicators, read the description from the link below.
V.C Box Chart Index Settings & Properties Explained
Border of Box:
Allow you to show/hide the border of the box
Positive Box & Negative Box Borders:
Allow you to change the border color & opacity
Positive Box & Negative Box:
Allow you to change the color & opacity of the box
Disclaimer Note:
V.C Box Chart Index is not a BUY/SELL signal based indicator or a holy grail trading system.
It is purely Volume, Delta, Orderflow, Demand & Supply imbalance and comparative analysis based indicator tool kit. Before applying this indicator to your analysis, you should know about Volume, Delta & Spread, and Demand & Supply.
Some basic understanding of Sir Richerd Wyckoff's Theory can also be helpful.
RORA MAGNITUDE👉 What is this indicator ?
This indicator is made up of super trend and moving average, the logic used in this indicator is to understand the trend with moving average and take buy sell entry with super trend
👉 What kind of buy sell signal is there on this indicator ?
Six types of buy sell signals are displayed on this indicator, each marked as Buy1, Sell1, Buy2 , Sell2, Buy3, Sell3, Buy4 , Sell4, Buy5 , Sell5 , Buy6 and Sell6 respectively. These Six types of indicators are obtained by differentiating the small trends detected by the super trend coming in the same trend in the moving average by percentage.
The percentage to be given for each of these six types of signals can be given in the indicator setting.
👉 How many alarms does this indicator have ?
This indicator has two types of alarm for buy signal and sell signal, and it is best to set the alarm by selecting the Alert Once Bar Close option to avoid repaint.
👉 On which coins can this indicator be used ?
This indicator is best used on all cryptocurrencies, the best suitable TIMEFRAME is 1 Min , and this indicator is set to the ETHUSDT coin by default. Use appropriate values when using other coins. If you have difficulty finding the value, you can contact us.
Default Setup Instructions 👇
Duration: 1 Minute
Default Coin : ETHUSDT
The following settings can be found in this indicator
1. Base Threshold: This value can be adjusted according to the volatility of each coin
👉 Default value : 3
2.Interval: Option used to increase or decrease the distance between Buy Trend and Sell Trend (stop loss should be increased with increasing interval)
👉 Default value : 5
3. First : Percentage to take the first signal from the trend
👉 Default Value : 0
4. Second : Percentage to take the second signal from the trend
👉 Default Value : 1.5
5. Third : Percentage to take the third signal from the trend
👉 Default Value : 0.5
6. Fourth : Percentage to take the fourth signal from the trend
👉 Default Value : 0.5
7. Fifth : Percentage to take the fifth signal from the trend
👉 Default Value : 1
8. Sixth : Percentage to take the sixth signal from the trend
👉 Default Value : 50
9. Initial Time interval : This is the time gap between each signal. It should be given on a minute basis
👉 Default Value: 20
10. False Count : A system used to block signals, if necessary, on a 5-way signal
👉 Default Value : 1
11. Signal count : Option to set the number of signals to be displayed in 5 types of signals
👉 Default Value : 5
VWAP From Multiple Sources With Cloud & Percentage GapVWAP CLOUD FROM CLOSE, OPEN, HIGH & LOW SOURCES WITH CLOUD & PERCENTAGE GAP
VWAP stands for volume weighted average price and shows the average price of buys/sells based on volume traded across the current session. This VWAP is based off of the Daily session.
***HOW TO USE***
Use the purple cloud between the VWAPs as your entry points as price will typically bounce from that cloud area.
The Yellow Line is the VWAP using the close price as a source.
The Green Line is the VWAP using the open price as a source.
The Blue Line is the VWAP using the high price as a source.
The Purple Line is the VWAP using the low price as a source.
When price is above the VWAP cloud, the background will paint green because the trend is bullish.
When price is below the VWAP cloud, the background will paint red because the trend is bearish.
In the bottom right hand corner, three is a table that will show you the current percentage gap between current price and the VWAP using close as the source.
All sources and colors can be easily switched in the settings menu.
***MARKETS***
This indicator can be used as a signal on all markets, including stocks, crypto, futures and forex.
***TIMEFRAMES***
This vwap indicator can be used on all timeframes but is calculated using the daily session.
***TIPS***
Try using numerous indicators of ours on your chart so you can instantly see the bullish or bearish trend of multiple indicators in real time without having to analyze the data. Some of our favorites are our Auto Fibonacci, Volume Profile, Directional Movement Index, Momentum, Auto Support And Resistance and Money Flow Index in combination with this VWAP Cloud. The other indicators all have real time Bullish and Bearish labels as well so you can immediately understand each indicator's trend.
Wolf TradeWolf Trade indicator designed to help you develop your own trading strategy and give you that extra confirmation on your trade ideas. This indicator helps you to identify the right buying or selling opportunity. Examines several items to issue a buying or selling position. For example, it checks the status of the RSI , as well as the status of the MACD , as well as the status of the stochastic . Checks the order of placement of the EMA and the condition of their cross with ATR. And uses the ATR for stop loss.
Wolf Trade indicator commodities on all timeframes including 1m, 3m , 5m, 15m, 30m, 1H, 2H, 4H, 1D, 1W, etc. Definitely, the performance of this indicator is much better in 1, 2, 4 hours and daily timeframes, but that does not mean you can not use it in shorter time frames.
This indicator is does not repaint and works on any market internationally including crypto, stocks, forex, futures and currencies. You can utilize our indicator for scalping, swing trading, holding or even for trading options as well.
Market Delta Volume for Realtime BarsWhat is it?
Market Delta Volume Tool for real-time bars
A market delta tool that shows, (1) the volume that got transacted on upticks - or the market buy volume; (2) the volume that got transacted on downticks - or the market sell volume (3) the market delta volume (i.e., market buy volume - market sell volume); (4) the total volume (market buy volume + market sell volume + neutral volume); and (4) the volume that got transacted without a change in price - or the neutral volume (total volume = market buy volume + market sell volume + neutral volume)
NOTE: THIS WORKS ONLY ON REAL-TIME BARS, NOT ON HISTORICAL BARS! The dotted line marks the start of real-time data (i.e., the bar from which the indicator started collecting and displaying data). You will see accurate data only for bars to the right of this line.
The longer you keep a chart open with the study enabled, the more data it collects and displays and the better your analysis can potentially be.
Note that the data gets reset every time any of the options is changed, the market is switched, the browser is refreshed, or the script is reloaded.
DATA ISN'T STORED. I.e., every time a new symbol is loaded/or the same symbol is reloaded, data gets refreshed.
Who is it for?
For traders who are used to analyzing buy/sell activity using market delta information. Especially, short-term trader/scalpers who are used to keeping the same chart open through the trading session.
Also for traders to see and study how anomalies in volume can give clues to buyer/seller absorption, initiative buying/selling etc.
Can be used to better understand VSA as well, although not necessary.
Essentially, this gives real-time delta volume information; use it however you see fit.
Jackrabbit.modulus.RangeHunterRange Hunter is a unique module that offers a wide range of trading potentials and paradigms for the Jackrabbit suite.
Range Hunter works by finding the highest boundary and the lowest boundary of a time frame. From there, it creates a median by which the market should fluctuate as signs of its health. When the price stays in the upper/lower ranges for too long, the market is considered "unhealthy". Price action should cycle around the median routinele for a healthy market.
From the upper range to the lower range is divided into 10% segments.
There are five segments above the median where price action is considered over valued or oversold.
There are five segments below the median where price action is considered undervalued or oversold.
Buying and selling is divided into 10 boundaries. The 10th boundary for purchasing starts at the lowest range and goes downwards as price climbs. The 10th boundary for selling is where the price is the highest range and goes downwards as price drops.
Buys take place when price action drops bwelow and the climbs above the desire boundary. Sells behave the exact opposite.
The user can configure the boundary that buying and selling takes place independently and supports all elements/settings of the Jackrabbit modulus framework except confirmation bias. If confirmation bias is desired then this module needs to be loaded twice.
The Jackrabbit modulus framework is a plug in play paradigm built to operate through TradingView's indicator on indicatior (IoI) functionality. As such, this script receives a signal line from the previous script in the IoI chain, and evaluates the buy/sell signals appropriate to the current analysis.
Investment Boat(Yatırım Botu)English:
The investment bot plugin works according to past 90 bar(candle) statistics. It shows goals that you can use to detect cheap products and products that you buy that you can easily sell. Invest bot add-on at the best price 1 (2 (Method:) to apply the technique of buying piece by piece, or the price becomes cheaper as it increases the amount of the purchase, make an average near the bottom, and opportunity all at once and decreases capital input blocks missing bottom: method of capture: the product helps to obtain.
Features:
The investment bot does not trade for you, it informs you at the most convenient times, purchases are made manually.
By automating all reviews of the product you want to review, it eliminates the human and error factor that doesn't leave a feature you forgot to review.
According to past statistics, it examines whether the price of the product being studied is suitable for profit, you can instantly determine which product is cheaper, and avoid getting caught up in FOMO.
Shows the correct Trading Method to be made in the trend determined by Trend Tracking. (Hold in rising trend, buy - sell in horizontal trend, buy opportunity in falling trend)
It shows Trend turns with colored candles and you get push notifications in important areas when the alarm is set. This feature is very important, it helps you capture the product from the bottom and continue the process by moving your stop level.
According to Old statistics examined when collecting and selling goods, it shows possible price return zones where you can easily buy and sell the product with red(buy) and green(sell) lines.
You may receive notifications in overbought and sold zones. Even if you don't follow the important price movements associated with the product with the alarm when you install an Alarm, you know that your eyes will not stay behind.
Keep the plugin to yourself with customizable settings.
Method 1:
The investment bot piecemeal purchase technique plugin scores between 0 and 6 based on the price of the product; 3x, 5x. Let's think of the X value as $ 100. It looks like a $ 500 transaction will open for 3x points, 300 points, 5x points. thanks to purchases made using the piecemeal purchase technique, you provide an average price close to the lower price of the product that returns from the bottom. A 0x score indicates that this product is not suitable for medium-and long-term purchases, its price is expensive, but it is your job to green lines hit-and-run operations.
Example usage: we decided to buy Bitcoin we want to buy Bitcoin we divide the capital you set aside to buy Bitcoin into 21 parts (1x+2x+3x+4x+5x+6x=21x) if Bitcoin were at the current 3x level (3x+4x+5x=12x) we would divide it into 12 parts. Our initial purchase support and resistance lines after raising the price if the price rises, we thought we would make a left turn at the profit level we made, but it could be pulled down if it goes according to the price level we continue to add, in the process of adding each, when adding the product, to give a signal to return the price if we don't. Sometimes it can drop from 2 to 3 levels without adding products skipped level we can shop by adding your purchases to the current level you have decided. If you have collected enough products, all that remains is to wait for the rise, so you can collect the investment you have created from the appropriate levels, piece by piece or wholesale, at targets indicated by Green lines created according to the old statistics. Don't forget to make a profit.
Method 2:
The yellow candle and purple candle that come in trend turns indicate the most accurate times for us to get in and out of the process. The price is to see the yellow candle, we get the product from here and immediately between 1-3% here now the goal is that if the circuit does not occur and the drop will be lower, we catch the product from the bottom, but thanks to the product caught from the bottom, we can not stop a few times until this return to get the product out of the process, when there should be a stop under the yellow candle, stop losses that turn from the bottom area are very easily compensated. After you purchase the product, a rising trend if the trend breaks the current trend continues to fall, if the process exits, but does not continue to decline-a trend we expect to see goals worsen purple candle purple candle means to sell, but when we see these purple candles, how much you sell doesn't mean we're going to stop level under the purple candle, cheap and easy to buy products we don't sell if the rising trend continues, we are constantly moving under the purple candle to the stop level. You get maximum profit at the end of the transaction, but sometimes Future fake moves and needles will cause you to stop unnecessarily, unfortunately there is no solution or measure for this.
Warning: the investment bot plugin aims to shop at the right time, but before buying, supports must be withdrawn, it must be verified that the price does not fall only to act according to the plugin and to trade non-stop (even when collecting goods 10-20% should be placed, even better than losing 70-80% in possible large falls) is wrong. Depending on the chart time you use, the results calculated by the plugin may vary, and smaller time statistics give less reliable results.
Türkçe:
Yatırım Botu eklentisi geçmiş 90 bar(mum) istatistiklerine göre çalışmaktadır. Ucuzlayan ürünleri tespit etmek için kullanabileceğiniz gibi aldığınız ürünleri rahatça satabileceğiniz hedefleri de göstermektedir. Yatırım Botu eklentisi size tepeden ürün aldırmaz ürünü en uygun fiyattan alabilmeniz için (Yöntem 1:) parçalı alım tekniği uygulamanıza yada (Yöntem 2:) dip yakalamanıza yardımcı olur: Fiyat ucuzladıkça alım miktarını arttırarak ortalamanızın dibe yakın olmasını sağlar ayrıca tüm sermayeniz ile tek seferde girip düşüşlerde fırsatları kaçırmanıza engel olur.
Özellikleri:
Yatırım Botu sizin yerinize alım satım yapmaz en uygun zamanlarda sizi bilgilendirir, alımlar manuel yapılır.
İncelenmek istenen ürün ile ilgili tüm incelemeleri otomatik yaparak incelemeyi unuttuğunuz bir özellik bırakmaz insan ve hata faktörünü ortadan kaldırır.
İncelenen ürün fiyatının kazanç elde edilebilmesi için uygun durumda olup olmadığını geçmiş istatistiklere göre inceler hangi ürünün daha fazla ucuzladığını anında tespit edebilirsiniz, FOMO'ya kapılmanızın önüne geçer tepeden malı elinize veremezler.
Trend takibi ile tespit edilen trend'te yapılması doğru olan trade yöntemini gösterir. (Yükselen Trend'te Alınan Tutulur, Yatay Trend'te Al - Sat, Düşen Trend'te ise Fırsat Alımı)
Trend dönüşlerini renkli mumlar ile gösterir ve alarm kurulduğunda önemli bölgelerde anlık bildirimler alırsınız. Bu özellik çok önemlidir ürünü en dipten yakalamanıza ve stop seviyenizi taşıyarak işleme devam etmenize yardımcı olur.
Mal toplarken ve satarken incelenen eski istatistiklere göre ürünü kolayca alabileceğiniz ve satabileceğiniz muhtemel fiyat dönüş bölgelerini kırmızı(alış) ve yeşil(satış) çizgiler ile gösterir.
Aşırı alım ve satım bölgelerinde bildirim alabilirsiniz. Alarm kurduğunuzda alarm bulunan ürün ile ilgili önemli fiyat hareketlerini takip etmeseniz bile bilirsiniz, gözünüz arkada kalmaz.
Özelleştirilebilir ayarlar ile eklentiyi kendinize uydurun.
Yöntem 1:
Yatırım Botu Parçalı Alım Tekniği Eklentisi ürünün fiyatına bakarak ucuzlama durumunu 0 ile 6 arasında puanlar; 3x, 5x gibi. X değerini 100 dolar olarak düşünelim. 3x olan puana 300 dolarlık 5x olan puana 500 dolarlık işlem açılacak gibi. Parçalı alım tekniği ile yapılan alımlar sayesinde fiyatı dipten dönen ürünün dip fiyatına yakın bir ortalama sağlarsınız. 0x puanı o ürünün orta uzun vade alım için uygun olmadığını fiyatının pahalı olduğunu gösterir ancak yeşil hedeflere kadar vur kaç işlemleri yapmak sizin bileceğiniz iştir.
Örnek Kullanım: Bitcoin almaya karar verdik alım yapmak istiyoruz Bitcoin almak için ayırdığınız sermayeyi 21 parçaya bölüyoruz (1x+2x+3x+4x+5x+6x=21x) eğer Bitcoin şuan 3x alınabilir seviyede olsaydı (3x+4x+5x=12x) 12 parçaya bölecektik. İlk alımımızı destek ve direnç çizgilerini çektikten sonra fiyatın yukarı dönüş yapacağını düşündüğümüz seviyeden yapıyoruz fiyat yukarı giderse hemen kar ediyoruz ancak oldu da aşağı giderse alınabilir fiyat seviyelerine göre ekleme yapmaya devam ediyoruz her ekleme işlemi yapılırken fiyatın yukarı dönüş için bir sinyal vermesi şart ürün düşerken ekleme yapmıyoruz. Bazen ürün biz ekleme yapmadan 2 3 seviye birden düşebilir burada karar sizin atlanan seviye alımlarını mevcut seviyeye ekleyerek alım yapabilirsiniz. Yeterince ürün topladıysanız geriye sadece yükselişi beklemek kalır uygun seviyelerden toplayarak oluşturduğunuz yatırımı eski istatistiklere göre oluşturulan Yeşil Çizgilerle gösterilen hedeflerde parça parça yada toptan satabilirsiniz. Kar almayı ihmal etmeyin.
Yöntem 2:
Trend dönüşlerinde gelen sarı mum ve mor mum işleme girmemiz ve çıkmanız için en doğru zamanları gösterir. Sarı mum'u gördüğünüzde fiyat dip bölgesinden dönüş yapıyordur ürünü buradan alır ve hemen sarı mum altına stop koyarız %1-3 arasında olmalı daha fazla değil burada amaç eğer dönüş gerçekleşmez ve düşüş devam ederse işlemden çıkıp ürünü daha aşağıda gerçekleşecek dönüşten tekrar almaktır, ürünü dipten yakalayana kadar birkaç sefer stop olabiliriz ancak dipten yakalanan ürün sayesinde stop zararları çok rahat telafi edilmektedir. Ürünü aldıktan sonra bulunduğumuz trend yükselen bir trend ise kolay al-sat hedeflerinde ürünü ucuza satmıyoruz mor mum görmeyi bekliyoruz mor mum trend'in bozulabileceği anlamını taşıyor ancak kesin bozulacak elindekini sat kaç demek değildir bu nedenle mor mum'u gördüğümüzde stop seviyemizi mor mum altına taşıyoruz trend bozulur düşüş devam ederse işlemden çıkmış oluyoruz ancak düşüş devam etmez yükselen trend devam ederse stop seviyemizi sürekli mor mum altına taşıyarak ilerliyoruz. Sonunda maximum kar alarak işlemden çıkıyoruz ancak bazen gelecek fake hareketler ve iğneler gereksiz stop olmanıza neden olacaktır bunun bir çözümü yada önlemi yok malesef.
Uyarı: Yatırım Botu eklentisi doğru zamanlarda alım yaptırmayı amaçlar ancak alım yapmadan önce destekler çizilmeli fiyatın aşağı gitmediği onaylanmalıdır sadece eklentiye göre hareket etmek ve stopsuz işlem yapmak (Mal toplarken dahi %10-20 aşağıya bile olsa mutlaka konulmalıdır olası büyük düşüşlerde %70-80 kaybetmekten iyidir) yanlıştır. Kullandığınız grafik zamanına göre eklentinin hesapladığı sonuçlar değişebilir, küçük zaman istatistikleri daha az güvenilir sonuçlar verir.
CryptoSignalScanner - MACD Multiple Time FramesDESCRIPTION:
After receiving some multiple request to provide a MACD indicator that displays multiple timeframes at the same time I created this simple script.
You can use this script for free and adjust it as much you like.
With this script you can plot 6 MACD lines & 6 Signal lines.
• Current Timeframe MACD Line
• Current Timeframe Signal Line
• 15 minute candle MACD Line
• 15 minute candle Signal Line
• 30 minute candle MACD Line
• 30 minute candle Signal Line
• 1 hour candle MACD Line
• 1 hour candle Signal Line
• 2 hour candle MACD Line
• 2 hour candle Signal Line
• 4 hour candle MACD Line
• 4 hour candle Signal Line
HOW TO USE:
• When multiple MACD lines on an uptrend are grouped together it is time to SELL.
• When multiple MACD lines on a downtrend are grouped together it is time to BUY.
• The higher to length of the MACD lines the stronger the BUY/SELL signal.
FEATURES:
• You can show/hide the preferred MACD lines.
• You can show/hide the preferred Signal lines.
How MACD works
The MACD indicator is generated by subtracting two exponential moving averages (EMAs) to create the main line (MACD line), which is then used to calculate another EMA that represents the signal line. In addition, there is the MACD histogram, which is calculated based on the differences between those two lines. The histogram, along with the other two lines, fluctuates above and below a center line, which is also known as the zero line.
The MACD indicator consists of three elements moving around the zero line:
• The MACD line. By default the MACD line is calculated by subtracting the 26-day EMA from the 12-day EMA.
MACD line = 12d EMA - 26d EMA
• The signal line. By default the signal line is calculated from a 9-day EMA of the MACD line.
Signal line = 9d EMA of MACD line
• Histogram. The histogram is nothing more than a visual record of the relative movements of the MACD line and the signal line.
It is simply calculated as: MACD line - signal line
REMARKS:
• This advice is NOT financial advice.
• We do not provide personal investment advice and we are not a qualified licensed investment advisor.
• All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice.
• We will not and cannot be held liable for any actions you take as a result of anything you read here.
• We only provide this information to help you make a better decision.
• While the information provided is believed to be accurate, it may include errors or inaccuracies.
Good Luck,
SEOCO
Comprehensive Market AnalyzerVERSION 2.0:
Notice to users: To better reflect its extensive features, this indicator has been renamed from "Tsūrubokkusu (Toolbox) 🧰" to "Comprehensive Market Analyzer". Thank you for your understanding and adaptation to this change.
Purpose and Usage:
The Comprehensive Market Analyzer is designed to provide traders with a holistic view of market conditions by integrating various technical indicators into a single,
cohesive tool. Each indicator has been carefully selected and improved to work together, offering enhanced customization and advanced market insights.
This combination allows for more comprehensive market analysis, improved decision-making, and efficient trading strategies.
📘 Machine Learning Integration
Purpose : Utilizes machine learning algorithms to analyze past market data and provides predictive insights based on historical data.
Usage : Activate machine learning features, set lookback windows, influence weighting, and start bar for improved trend predictions.
Activate Machine Learning :
Description : Enables advanced machine learning features that analyze past market data.
Details : This feature allows the algorithm to use historical data to forecast market movements, providing traders with enhanced predictive insights on historical data.
Kernel Lookback Window :
Description : Sets the number of previous bars that the algorithm will analyze.
Details : A higher number provides a broader view of market trends, while a lower number makes the model more sensitive to recent changes.
Kernel Influence Weighting :
Description : Adjusts the emphasis on recent versus older data.
Details : Increasing this value gives more importance to recent data, potentially making predictions more responsive to new trends.
Kernel Calculation Start Bar :
Description : Specifies the bar number from which to start the machine learning calculations.
Details : Avoids early data which may contain excessive noise and less reliable market signals.
Kernel Functions :
Gaussian Kernel :
Description : Uses a Gaussian distribution to weight historical data, focusing on more recent data points for trend analysis.
Details : Calculates weights based on the Gaussian distribution, emphasizing data points closer to the present.
Laplacian Kernel :
Description : Applies Laplacian distribution, emphasizing data points closer to the current time more heavily.
Details : Uses the Laplacian function to provide a different perspective on data weighting.
RBF Kernel :
Description : Utilizes a Radial Basis Function for smoothing and analyzing data, providing a different approach to trend prediction.
Details : Applies the RBF function to smooth data and enhance the accuracy of trend predictions.
Wavelet Kernel :
Description : Applies wavelet transform for analyzing frequency components, helping to detect patterns in the price movements.
Details : Uses wavelet-based calculations to focus on specific frequency components within the data, aiding in pattern recognition.
📘 Enhanced Ichimoku Kinkō Hyō Integration
Purpose : Provides a comprehensive overview of market trends and momentum using the Ichimoku Kinkō Hyō indicator.
Usage : Display various components of the Ichimoku Kinkō Hyō, customize their appearance, provides additional calculations for trend analysis.
Display Ichimoku Kinkō Hyō :
Description : Toggle to show or hide the Ichimoku Kinkō hyō indicator.
Details : This indicator helps traders see support and resistance levels, trend direction, and potential future movements.
Activate Heikin-Ashi Source :
Description : Switches between regular price data and Heikin-Ashi candles for analysis.
Details : Heikin-Ashi candles smooth price data, making trends easier to spot.
Display Tenkan-Sen Line :
Description : Shows the Tenkan-Sen line, a key short-term trend indicator.
Color Customization : Set the color of the Tenkan-Sen line for better visibility.
Minimum Length : Determine the shortest period for calculating the Tenkan-Sen line.
Maximum Length : Determine the longest period for calculating the Tenkan-Sen line.
Dynamic Length Adjustment : Automatically adjusts the length of the Tenkan-Sen based on market conditions.
Display Kijun-Sen Line :
Description : Shows the Kijun-Sen line, a key medium-term trend indicator.
Color Customization : Set the color of the Kijun-Sen line for better visibility.
Minimum Length : Determine the shortest period for calculating the Kijun-Sen line.
Maximum Length : Determine the longest period for calculating the Kijun-Sen line.
Dynamic Length Adjustment : Automatically adjusts the length of the Kijun-Sen based on market conditions.
Kijun-Sen Divider Tool : Adjust the sensitivity of the Kijun-Sen calculation.
Display Chikou Span :
Description : Shows the Chikou Span, which lags behind the current price to help confirm trends.
Bear Phase Color : Set the color for bearish periods.
Bull Phase Color : Set the color for bullish periods.
Consolidation Color : Set the color for consolidation periods.
Minimum Length : Determine the shortest lag period for the Chikou Span.
Maximum Length : Determine the longest lag period for the Chikou Span.
Dynamic Length Adjustment : Automatically adjusts the length of the Chikou Span based on market conditions.
Display Senkou Span A and B :
Description : Shows the Senkou Span A and B, which form the Ichimoku Cloud indicating future support and resistance levels.
Bear Color : Set the color for bearish clouds.
Bull Color : Set the color for bullish clouds.
Neutral Color : Set the color for neutral periods.
Minimum Length : Determine the shortest period for calculating the Senkou Span.
Maximum Length : Determine the longest period for calculating the Senkou Span.
Dynamic Length Adjustment : Automatically adjusts the length of the Senkou Span based on market conditions.
Projection Offset : Set how far ahead the Senkou Span is projected.
Kumo Cloud Settings :
Enable Kumo Cloud Fill : Toggle to fill the space between Senkou Span A and B with color.
Cloud Fill Transparency : Adjust the transparency of the cloud fill.
Apply WMA Smoothing :
Description : Smooths the indicator lines using a Weighted Moving Average to clarify trends.
Bar Coloring Based on Ichimoku Signals :
Description : Colors the bars based on Ichimoku signals to provide a quick visual indication of market sentiment.
Bearish Signal Bar Color : Set the color for bars during bearish signals.
Bullish Signal Bar Color : Set the color for bars during bullish signals.
Consolidation Signal Bar Color : Set the color for bars during consolidation periods.
Neutral Bar Color : Set the color for bars during neutral conditions.
Enhanced Calculations :
Heikin Ashi Values : Smooths price movements to make trends more visible.
Alternative Source Calculation : Uses a different method for calculating the indicator based on user settings.
Volume Calculations : Enhanced functions for calculating volume based on different candlestick patterns.
Dynamic Length Adjustment : Automatically adjusts the length of Ichimoku components based on market volatility.
Gaussian Kernel Calculations : Uses advanced calculations for smoother and more accurate trend analysis.
Chikou Span Adaptation : Improved calculation for the Chikou Span using dynamic lengths and advanced methods.
Visual Enhancements : Adds color gradients to the Senkou Span and dynamic coloring for the Chikou Span to improve trend visibility.
Plotting Ichimoku Components :
Tenkan-Sen : Plots the Tenkan-Sen line with dynamic adjustments.
Kijun-Sen : Plots the Kijun-Sen line with dynamic adjustments.
Senkou Span A and B : Plots these lines with dynamic projections and advanced smoothing.
Chikou Span : Plots the Chikou Span with dynamic offsets and coloring.
📘 Enhanced Candlestick Patterns Integration
Purpose : Identifies and displays various candlestick patterns to help traders spot key market movements and potential reversals.
Usage : Toggle the display of patterns, select specific pattern types, and customize pattern labels for improved visual analysis.
Display Patterns :
Description : Toggle to enable or disable the display of all candlestick patterns.
Details : When enabled, all selected candlestick patterns will be displayed on the chart, aiding traders in identifying key market movements and potential reversals.
Select Pattern Type :
Description : Select the type of candlestick patterns to detect.
Details : Options include Bullish (indicating potential upward trends), Bearish (indicating potential downward trends), or Both.
Trend Filter Method :
Description : Select the method to filter trends.
Details : Options include True Range (based on price range), Fractals, Volume, Combined, or None (no filtering).
Pattern Label Colors :
Bullish Pattern Color : Choose the color for labeling Bullish patterns, indicating potential upward trends.
Bearish Pattern Color : Choose the color for labeling Bearish patterns, indicating potential downward trends.
Indecision Pattern Color : Choose the color for labeling Indecision patterns, indicating no clear trend direction.
Base Line and Patterns Display Options :
Show Base Line in Place of Labels : Toggle to display a base line instead of labels for detected patterns. This helps visualize the general trend.
Show Counterattack Lines : Toggle to display Counterattack Lines patterns, indicating potential reversal points.
Show Dark Cloud Cover : Toggle to display Dark Cloud Cover patterns, a bearish pattern suggesting a potential reversal from an uptrend to a downtrend.
Show Engulfing Patterns : Toggle to display Engulfing patterns. Bullish Engulfing patterns suggest a potential upward reversal, while Bearish Engulfing patterns suggest a potential downward reversal.
Show Hammer Patterns : Toggle to display Hammer patterns, a bullish pattern indicating a potential reversal from a downtrend to an uptrend.
Show Hanging Man Patterns : Toggle to display Hanging Man patterns, a bearish pattern indicating a potential reversal from an uptrend to a downtrend.
Show Harami Patterns : Toggle to display Harami patterns. Bullish Harami patterns suggest a potential upward reversal, while Bearish Harami patterns suggest a potential downward reversal.
Show In-Neck Patterns : Toggle to display In-Neck patterns, indicating a potential continuation of the current trend.
Show On-Neck Patterns : Toggle to display On-Neck patterns, indicating a potential continuation of the current trend.
Show Piercing Patterns : Toggle to display Piercing patterns, a bullish pattern suggesting a potential reversal from a downtrend to an uptrend.
Show Three Black Crows : Toggle to display Three Black Crows patterns, a bearish pattern suggesting a potential reversal from an uptrend to a downtrend.
Show Thrusting Patterns : Toggle to display Thrusting patterns, a bearish pattern suggesting a potential continuation of the downtrend.
Show Upside Gap Two Crows : Toggle to display Upside Gap Two Crows patterns, a bearish pattern suggesting a potential downward reversal after an upward gap.
Show Evening Star : Toggle to display Evening Star patterns, a bearish pattern suggesting a potential reversal from an uptrend to a downtrend.
Show Inverted Hammer : Toggle to display Inverted Hammer patterns, a bullish pattern suggesting a potential reversal from a downtrend to an uptrend.
Show Morning Star : Toggle to display Morning Star patterns, a bullish pattern suggesting a potential reversal from a downtrend to an uptrend.
Show Shooting Star : Toggle to display Shooting Star patterns, a bearish pattern suggesting a potential reversal from an uptrend to a downtrend.
Show Doji Patterns : Toggle to display Doji patterns, indicating market indecision and potential reversals.
Show Dragonfly Doji : Toggle to display Dragonfly Doji patterns, a bullish pattern suggesting a potential reversal from a downtrend to an uptrend.
Show Evening Doji Star : Toggle to display Evening Doji Star patterns, a bearish pattern suggesting a potential reversal from an uptrend to a downtrend.
Show Gravestone Doji : Toggle to display Gravestone Doji patterns, a bearish pattern suggesting a potential reversal from an uptrend to a downtrend.
Show Long-Legged Doji : Toggle to display Long-Legged Doji patterns, indicating high market indecision and potential reversals.
Show Morning Doji Star : Toggle to display Morning Doji Star patterns, a bullish pattern suggesting a potential reversal from a downtrend to an uptrend.
Show Rising Three Methods : Toggle to display Rising Three Methods patterns, a bullish pattern suggesting a continuation of the uptrend.
Show Falling Three Methods : Toggle to display Falling Three Methods patterns, a bearish pattern suggesting a continuation of the downtrend.
Show Tasuki Patterns : Toggle to display Tasuki patterns, indicating potential trend continuation after a gap.
Show Marubozo : Toggle to display Marubozo patterns, indicating strong trend continuation, either bullish or bearish.
Show Long Lower Shadow : Toggle to display Long Lower Shadow patterns, indicating strong buying pressure and potential upward movement.
Show Long Upper Shadow : Toggle to display Long Upper Shadow patterns, indicating strong selling pressure and potential downward movement.
Show Three Inside Up/Down : Toggle to display Three Inside Up/Down patterns, indicating potential bullish or bearish reversals.
Show Kicker Pattern : Toggle to display Kicker patterns, indicating significant potential reversals.
Show Tweezer Tops/Bottoms : Toggle to display Tweezer Tops/Bottoms patterns, indicating potential reversals at the tops or bottoms.
Show Mat Hold Pattern : Toggle to display Mat Hold patterns, a bullish pattern suggesting a continuation of the uptrend.
Candle Body/Shadow Comparison Options :
Candle Body/Shadow Comparison : Choose the criteria to compare candle sizes: Shadows (larger shadows), Body (larger body), Both (larger shadows and body), Either (larger shadows or body), or None (no comparison).
Look-back Period for Candle Comparison : Specify the number of periods to look back when comparing the current candle size to determine if it is significant.
Period for Body Length Average : Specify the period for calculating the average body length of candles to help identify significant patterns.
Period for Candle Length Average : Specify the period for calculating the average length of candles to help identify significant patterns.
Specific Pattern Thresholds :
Doji Body Percentage Threshold : Set the percentage threshold for identifying Doji patterns based on the candle body size compared to its range.
Upper Shadow Percentage Limit : Set the maximum allowed upper shadow percentage of the candle’s range for identifying specific Doji patterns.
Lower Shadow Percentage Limit : Set the maximum allowed lower shadow percentage of the candle’s range for identifying specific Doji patterns.
Price Deviation Tolerance : Specify the price deviation tolerance for pattern recognition, which helps in identifying patterns within a certain price range.
Thrusting Neck Percentage : Set the percentage threshold for identifying Thrusting Neck patterns, indicating a potential continuation of the current trend.
Base Line Settings :
Base Line EMA Length : Specify the length of the EMA for the Base Line, helping to visualize the general trend.
Enhanced Calculations :
Wavelet Transform : If machine learning is enabled, calculates the wavelet transform for smoother and more accurate pattern detection.
Candle Body and Shadows Calculation : Detailed calculations for candle body and shadow lengths to improve pattern detection.
Average Calculations : Calculate averages for body and candle sizes to help identify significant patterns.
Fractals Calculation : Identify fractal highs and lows to aid in trend detection.
Trend Filters : Apply user-selected trend filters based on True Range, Fractals, Volume, or a combination.
Pattern Detection and Labeling : Detects and labels various candlestick patterns, including Doji, Engulfing, Hammer, and more, with options for displaying labels or base lines.
Alerts and Notifications : Set alerts for detected patterns and base line colors to notify traders of significant market events.
Plotting Candlestick Patterns :
Pattern Detection : Automatically detects and labels various candlestick patterns based on user settings.
Label Customization : Customize the labels for different patterns, including color and text.
Base Line Plotting : Option to plot a base line instead of labels for detected patterns, enhancing trend visualization.
Alerts for Patterns : Set alerts for detected patterns to keep traders informed of significant market changes.
📘 Enhanced Fibonacci Retracement Integration
Purpose : Provides a tool for identifying potential support and resistance levels using Fibonacci retracement.
Usage : Toggle the display of Fibonacci levels, adjust the lookback period, and customize the appearance of Fibonacci levels for better market analysis.
Auto Mode :
Description : Toggle to enable or disable automatic detection of price points.
Details : When enabled, the highest and lowest price points within a specified period will be automatically detected to set Fibonacci levels. Disable to manually set the top and bottom prices.
Period :
Description : Set the lookback period for detecting price points.
Details : Defines the number of bars to look back when detecting the highest and lowest prices in Auto Mode, used for calculating Fibonacci levels.
Manual Top :
Description : Manually set the top price level.
Details : Adjust this setting to reflect the peak price of interest when Auto Mode is disabled.
Manual Bottom :
Description : Manually set the bottom price level.
Details : Adjust this setting to reflect the low price of interest when Auto Mode is disabled.
Display Fibonacci :
Description : Toggle to show or hide Fibonacci retracement levels.
Details : When enabled, the calculated Fibonacci levels will be displayed on the chart, overlaying the price data.
Baseline Levels :
Description : Select Fibonacci levels to highlight as baselines.
Details : Choose specific levels to be visually distinct, emphasizing their significance in the analysis.
Fibonacci Levels Colors :
Upper Levels Color : Set the color for Fibonacci levels above the baseline, indicating potential resistance levels.
Lower Levels Color : Set the color for Fibonacci levels below the baseline, indicating potential support levels.
Baseline Levels Color : Set the color for highlighted baseline Fibonacci levels, making them stand out from other levels.
Display Individual Fibonacci Levels :
Show Level : Toggle to enable or disable the display of specific Fibonacci levels.
Level Value : Set the multiplier used to calculate each specific Fibonacci level relative to the price range.
Reverse Levels :
Description : Toggle to switch the calculation direction of Fibonacci levels.
Details : When enabled, levels are calculated in reverse, useful for analyzing downtrends.
Line Extension :
Description : Choose how Fibonacci level lines are extended on the chart.
Details : Options include extending lines to the left, right, or both, affecting their visual presentation.
Text Size :
Description : Adjust the font size of the labels for Fibonacci levels.
Details : Options range from large to tiny, allowing for readability adjustments according to user preference.
Line Style :
Description : Select the line style for Fibonacci levels.
Details : Options include solid, dotted, and dashed, providing visual distinction.
Line Width :
Description : Set the thickness of the Fibonacci level lines.
Details : A higher value makes the lines more prominent on the chart.
Baseline Line Style :
Description : Choose the line style specifically for the baseline levels.
Details : This can differ from other Fibonacci levels to emphasize their importance.
Baseline Line Width :
Description : Adjust the thickness of the baseline level lines.
Details : Can be set differently from other levels for visual emphasis.
Enhanced Calculations :
Automatic and Manual Top/Bottom Setup : Detect or manually set the highest and lowest price points.
Price Range Calculation : Determine the range between the highest and lowest prices.
Fibonacci Level Values : Calculate the values for each Fibonacci level.
Visual and Label Configuration : Configure visual aspects and labels for each level.
Plotting and Labeling :
Level Plotting :
Description : Plot each Fibonacci level on the chart.
Details : Draw lines representing each calculated level.
Label Customization :
Description : Customize the labels for Fibonacci levels.
Details : Include text, colors, and positioning for clarity.
📘 Supports and Resistances Integration
Purpose : Identifies key support and resistance levels to aid in market analysis.
Usage : Toggle the display of support and resistance lines, customize their appearance, and use Bollinger Bands for additional insights.
Display Supports and Resistances :
Description : Toggle to enable or disable the display of support and resistance lines.
Details : When enabled, support and resistance lines will be shown on the chart, providing key levels for market analysis.
Swing Period :
Description : Set the retrospective period for identifying swing points.
Details : A longer period captures more significant trends but may reduce sensitivity. The default value is 10.
Support Line Color :
Description : Set the color for support lines.
Details : Choose a color that enhances chart readability. Default is green.
Resistance Line Color :
Description : Set the color for resistance lines.
Details : Choose a color that makes resistance lines easily distinguishable. Default is red.
Trend-Based Line Color :
Description : Toggle to enable dynamic coloring based on trend direction.
Details : When enabled, the color of the lines will change according to the trend, aiding visual analysis.
Line Thickness :
Description : Adjust the thickness of the support and resistance lines.
Details : Choose a thickness value between 1 and 5 for better visibility.
Line Style :
Description : Select the style of the lines.
Details : Options include Solid, Dotted, or Dashed lines for visual distinction.
Number of Lines to Display :
Description : Set the maximum number of support/resistance lines to display.
Details : Adjust the number of lines to avoid clutter or to show more levels.
Display Bollinger Bands :
Description : Toggle to show or hide Bollinger Bands on the chart.
Details : Bollinger Bands provide a visual representation of volatility and potential price ranges.
Bollinger Bands Integration :
Description : Enable the integration of Bollinger Bands for S/R calculation.
Details : This feature adjusts the placement of S/R lines based on the market volatility captured by the Bollinger Bands.
Bollinger Bands Color Settings :
Description : Set colors for different Bollinger Band conditions.
Details :
Green: Prices above the median but below the upper band (potential overbought area).
Dark green: Prices above the upper band (strong upward momentum).
Light red: Prices below the median but above the lower band (potential oversold area).
Dark red: Prices below the lower band (strong downward momentum).
Fill Opacity Adjustment :
Description : Adjust the fill opacity between Bollinger Bands.
Details : Set the opacity level to balance visibility with other chart elements.
BB Sensitivity Level :
Description : Adjust the sensitivity for determining S/R levels near Bollinger Bands.
Details : A higher value increases the consideration of levels near the bands.
Band Width Multiplier :
Description : Control the width of the Bollinger Bands.
Details : Adjust the multiplier to expand or contract the bands based on market volatility.
Uniform BB Coloring :
Description : Apply a consistent color to Bollinger Bands.
Details : Simplify visual interpretation with a uniform color.
Plotting and Alerts :
Plotting Bollinger Bands :
Description : Plot the Bollinger Bands on the chart.
Details : The bands are colored based on the conditions set for market volatility and price ranges.
Alerts and Notifications :
Description : Set alerts for support/resistance breaks and Bollinger Band breakouts.
Details : Notify traders of significant market events related to these levels.
📘 Enhanced Trend Lines Integration
Purpose : Identifies and plots trend lines based on market structure to help traders understand market direction and potential buy/sell points.
Usage : Toggle the display of trend lines, customize their appearance, and use enhanced calculations for trend analysis.
Display Trend Lines :
Description : Enable or disable the display of trend lines on the chart.
Details : These trend lines are calculated based on market structure, specifically through the detection of Breaks of Structure (BOS). If enabled, the trend lines will help in identifying the market overall trend and potential buy and sell points.
Trend Line Colors :
Upper Line Color : Set the color for the upper trend lines to enhance visual distinction.
Lower Line Color : Set the color for the lower trend lines, aiding in easy identification of support levels.
Pivot Labels :
Show Pivots Labels : Control the display of pivot labels on the chart.
Pivot Label Size : Select the size of the pivot labels displayed on the chart. Options include Tiny, Small, Normal, Large, and Huge.
Trend Line Calculations :
Pivot Depth : Adjust the depth for pivot calculation based on the selected timeframe to capture significant price movements.
Pivot Deviation : Set the deviation for pivot calculation to identify key turning points.
Pivot Backstep : Define the backstep for pivot calculation to ensure accurate detection of pivot points.
Enhanced Calculations :
Market Structure Detection : Utilize advanced algorithms to identify key market structures, improving trend line accuracy.
Adaptive Parameters : Automatically adjust pivot depth, deviation, and backstep based on the selected timeframe for better relevance.
Zigzag Calculation : Implement zigzag patterns to dynamically adjust trend lines, ensuring they reflect current market conditions.
Slope and Intercept Calculation : Compute the slope and intercept for trend lines to enhance precision in trend detection.
Dynamic Updates : Continuously update trend lines as new data becomes available, ensuring real-time accuracy.
Alerts and Notifications : Set alerts for new high and low pivots, as well as for when the price crosses upper or lower trend lines, keeping traders informed of significant market changes.
Plotting Trend Lines :
Trend Line Plotting : Automatically draw trend lines based on detected BOS, helping traders visualize the market trend.
Diagonal Support/Resistance Lines : Plot diagonal lines to indicate support and resistance levels, enhancing the understanding of market dynamics.
Pivot Label Customization : Customize pivot labels for clear identification of high and low points in the trend.
Alerts for Trend Lines : Set alerts for when price crosses trend lines, ensuring timely notifications of potential trading opportunities.
📘 Enhanced Linear Regression Integration
Purpose : Uses linear regression to analyze price movements and identify trends.
Usage : Display the linear regression projection line, customize its appearance, and use enhanced calculations for better trend analysis.
Display Projection Line :
Description : Toggle to display or hide the linear regression projection line on the chart.
Details : This line represents the best fit line that predicts future prices based on historical data.
Data Source :
Description : Select the data source for the linear regression projection.
Details : This is typically the closing price but can be any price point such as open, high, or low. The selected source will be used to calculate the linear regression projection line.
Trend-Based Line Color :
Enable Trend-Based Line Color : Toggle to automatically color the projection line based on the trend direction. When enabled, the line will be red for a downward trend and green for an upward trend, providing a visual indication of market direction.
Uptrend Line Color : Select the color for the projection line when the trend is upward. This color will be used when "Enable Trend-Based Line Color" is active.
Downtrend Line Color : Select the color for the projection line when the trend is downward. This color will be used when "Enable Trend-Based Line Color" is active.
Enhanced Calculations :
Standard Deviation Calculation : Calculate the standard deviation for a given length to understand the volatility around the linear regression line.
Pearson's Correlation Calculation : Compute Pearson's R to measure the strength of the linear relationship between the price points and the linear regression line.
Slope and Intercept Calculation : Calculate the slope and intercept for the regression line, providing the basis for the projection.
Kernel Application : Optionally apply the RBF Kernel to the selected source data for smoothing and enhancing the regression calculations.
Dynamic Length Selection : Automatically select the optimal regression period based on the highest Pearson's R value, ensuring the most accurate trend representation.
Real-Time Updates : Continuously update the regression line and related calculations as new data becomes available, maintaining accuracy in real-time.
Alerts and Notifications : Set alerts for when the price crosses the linear regression projection line, notifying traders of significant market events.
Plotting Linear Regression Components :
Projection Line Plotting : Automatically draw the linear regression projection line based on historical data and the selected data source.
Label Customization : Customize the label for the projection line, including color and text, for clear identification on the chart.
Alerts for Projection Line : Set alerts for when the price crosses the projection line, ensuring timely notifications of potential trading opportunities.
📘 POC Analysis Integration
Purpose : Identifies the Point of Control (POC) to highlight price levels with the highest trading volume.
Usage : Toggle the display of the POC, customize its appearance, and use enhanced calculations for better market analysis.
Display POC :
Description : Toggle to display or hide the Point of Control (POC) on the chart.
Details : The POC is the price level at which the highest volume of trading occurred, indicating a focal point of market activity.
Data Source :
Description : Select the price source for POC analysis.
Details : This is typically the closing price but can be any price point such as open, high, or low. The selected source will be used to calculate the POC.
POC Line Colors :
Color Above POC : Set the line color when the closing price is above the POC.
Color Below POC : Set the line color when the closing price is below the POC.
Width Multiplier :
Description : Adjust the width around the price for POC analysis.
Details : A higher value broadens the calculation range.
POC Calculation and Visualization :
Price Level Initialization : Calculate the initial spacing between price levels based on the first candlestick and user settings.
Volume Data Accumulation : Accumulate volume data at specified price levels for each candlestick to determine the POC.
Dynamic Array Expansion : Expand price levels array to accommodate new price data outside the current range.
POC Determination : Determine and visualize the POC at the last candlestick if enabled by the user.
Alerts and Notifications : Set alerts for when the price crosses the POC, notifying traders of significant market events.
Plotting POC Components :
POC Line Plotting : Automatically draw the POC line based on historical data and the selected data source.
Label Customization : Customize the label for the POC line, including color and text, for clear identification on the chart.
Alerts for POC : Set alerts for when the price crosses the POC, ensuring timely notifications of potential trading opportunities.
📘 Enhanced Divergences Integration
Purpose : Detects and displays divergences between price movements and indicators to identify potential reversal points.
Usage : Toggle the display of divergences, select data sources, customize divergence colors, and use enhanced calculations for better trend analysis.
Display Divergences :
Description : Toggle to display or hide the detected divergences on the chart.
Details : Divergences occur when the price movement of an asset and a related indicator (e.g., volume or momentum) move in opposite directions. They are used to identify potential reversal points in the market. Regular divergences signal possible reversals, while hidden divergences can indicate continuation.
Data Source :
Description : Defines the timeframe from which to fetch data for analysis.
Details : Typically lower than the chart current timeframe for multi-timeframe analysis.
Divergence Colors :
Bearish Divergence Color : Sets the color for bearish divergence lines. Bearish divergences typically suggest potential downward price movement.
Bullish Divergence Color : Sets the color for bullish divergence lines. Bullish divergences typically indicate potential upward price movement.
Pivot Bars :
Left Bars : Number of bars to the left of the pivot point to consider. Helps in identifying the pivot high or low by looking back these many bars.
Right Bars : Number of bars to the right of the pivot point to consider. Assists in confirming a pivot point by ensuring no higher high or lower low is present within this range.
Display Hidden Divergences :
Description : When enabled, this setting reveals hidden divergences on the chart.
Details : Hidden divergences are a subtler form of divergence that often signal continuation rather than reversal. A hidden bullish divergence occurs when price makes a higher low while the indicator makes a lower low, suggesting the continuation of an uptrend. Conversely, a hidden bearish divergence occurs when price makes a lower high while the indicator makes a higher high, indicating the continuation of a downtrend. These divergences are particularly useful for identifying the strength of the current trend.
Dynamic Line Width Based on Divergence Count :
Description : When enabled, adjusts the width of the divergence line dynamically based on the count of divergences detected.
Details : This provides visual emphasis on stronger signals.
Enhanced Calculations :
Standard Deviation Calculation : Calculate the standard deviation for a given length to understand the volatility around the linear regression line.
Pearson's Correlation Calculation : Compute Pearson's R to measure the strength of the linear relationship between the price points and the linear regression line.
Slope and Intercept Calculation : Calculate the slope and intercept for the regression line, providing the basis for the projection.
Kernel Application : Optionally apply the RBF Kernel to the selected source data for smoothing and enhancing the regression calculations.
Dynamic Length Selection : Automatically select the optimal regression period based on the highest Pearson's R value, ensuring the most accurate trend representation.
Real-Time Updates : Continuously update the regression line and related calculations as new data becomes available, maintaining accuracy in real-time.
Alerts and Notifications : Set alerts for when the price crosses the linear regression projection line, notifying traders of significant market events.
Plotting Divergence Components :
Divergence Line Plotting : Automatically draw divergence lines based on historical data and the selected data source.
Label Customization : Customize the label for the divergence lines, including color and text, for clear identification on the chart.
Alerts for Divergences : Set alerts for when a divergence is detected, ensuring timely notifications of potential trading opportunities.
📘 Enhanced Average True Range Integration
Purpose : Measures market volatility using the Average True Range (ATR) to assist in identifying potential buy and sell points.
Usage : Set the ATR period, minimum tick filter, upper and lower coefficients, and customize ATR colors for better market analysis.
Show Labels :
Description : Enable or disable the display of labels for the Average True Range (ATR) indicator.
Details : This option controls whether the ATR signals (buy and sell) are shown on the chart with respective labels.
ATR Period :
Description : Sets the period for calculating the Average True Range (ATR).
Details : The ATR measures market volatility by calculating the average range of price movement over a specified period. A shorter period makes the ATR more sensitive to recent price movements, while a longer period smooths out short-term volatility.
Minimum Tick Filter :
Description : Sets the minimum tick filter for buy and sell signals.
Details : This filter ensures that the price movement is significant enough to be considered a valid signal. For example, a value of 20 means that the price must move at least 20 ticks from the open to the close to generate a signal.
Upper Coefficient :
Description : Sets the upper coefficient for band calculation.
Details : This value adjusts the sensitivity of the upper band used to detect high points. A higher coefficient makes the band wider, capturing more significant price movements, while a lower coefficient makes the band narrower, making it more sensitive to smaller price changes.
Lower Coefficient :
Description : Sets the lower coefficient for band calculation.
Details : This value adjusts the sensitivity of the lower band used to detect low points. A higher coefficient makes the band wider, capturing more significant price movements, while a lower coefficient makes the band narrower, making it more sensitive to smaller price changes.
ATR Colors :
Bullish Color : Sets the color for the bullish signal, helping to visually distinguish bullish trends.
Bearish Color : Sets the color for the bearish signal, helping to visually distinguish bearish trends.
Enhanced Calculations :
Dynamic Coefficient Calculation : Calculates dynamic coefficients based on market volatility, adjusting the sensitivity of ATR bands accordingly.
Band Calculation : Computes high and low bands using dynamic coefficients to detect significant price movements.
High/Low Point Detection : Identifies potential high and low points based on ATR band calculations and price thresholds.
Real-Time Updates : Continuously updates ATR calculations and signals as new data becomes available, ensuring accuracy in real-time.
Plotting ATR Components :
Signal Plotting : Plots bullish and bearish ATR signals on the chart based on calculated conditions.
Label Customization : Customize the labels for ATR signals, including color and text, for clear identification on the chart.
Alerts for Signals : Set alerts for detected bullish and bearish signals, ensuring timely notifications of potential trading opportunities.
📘 Enhanced ATR Visualization Parameters
Purpose : Provides a visual representation of market volatility using the ATR Strength Meter.
Usage : Toggle the display of the ATR Strength Meter, set thresholds, and customize its appearance for better market analysis.
Display ATR Strength Meter :
Description : Toggle to display or hide the ATR Strength Meter, a visual representation of market volatility.
Details : The meter is based on the Average True Range (ATR) and helps identify volatility trends.
High ATR Threshold :
Description : Set the threshold for high volatility.
Details : ATR values above this threshold indicate increased market volatility.
Low ATR Threshold :
Description : Set the threshold for low volatility.
Details : ATR values below this threshold indicate decreased market volatility.
Progression Bar Position :
Description : Select the position of the ATR Strength Meter on the chart.
Details : Options are "Top" or "Bottom", affecting where the volatility meter is displayed relative to price action.
Progress Bar Length :
Description : Set the horizontal length of the ATR Strength progression bar.
Details : Adjust to increase or decrease the bar's width, accommodating different chart sizes and user preferences.
Enhanced Calculations :
ATR Strength Calculation : Calculate the ATR strength to measure market volatility.
Dynamic Coefficients : Use dynamic coefficients based on volatility for more accurate calculations.
Progress Bar Calculation : Determine the position and color of the progression bar based on ATR strength.
Label Positioning : Dynamically position labels for minimum and maximum values to avoid overlap.
Plotting ATR Strength Meter :
Progression Bar Plotting : Plot the progression bar to represent the ATR strength.
Label Customization : Customize labels for the ATR strength, minimum, and maximum values.
📘 Enhanced Relative Strength Index Integration
(A special thanks to RumpyPumpyDumpy for allowing the private reuse of his script.)
Purpose : Measures market momentum using the Relative Strength Index (RSI) and Stochastic RSI to assist in identifying potential buy and sell points.
Usage : Set the RSI and StochRSI parameters, toggle the display of the RSI Meter, and customize its appearance for better market analysis.
RSI Calculation Parameters :
RSI Length : Defines the length of the RSI calculation.
Details : A longer period captures more data points but may reduce sensitivity.
RSI Overbought Level : Sets the overbought level for RSI.
Details : Values above this level indicate overbought conditions.
RSI Oversold Level : Sets the oversold level for RSI.
Details : Values below this level indicate oversold conditions.
StochRSI Length : Defines the length of the StochRSI calculation.
Details : A longer period captures more data points but may reduce sensitivity.
StochRSI %K Length : Defines the length of the %K line of the StochRSI.
StochRSI %D Length : Defines the length of the %D line (SMA of %K) of the StochRSI.
RSI Visualization Parameters :
Display RSI Meter : Toggle the display of the RSI Meter on the chart.
RSI Meter Size : Adjust the size of the RSI Meter displayed on the chart.
Details : Measured as the diameter of the meter. Increase the value for larger display size, enhancing visibility and making it easier to read the RSI trend at a glance.
Horizontal Offset : Move the RSI Meter horizontally across the chart.
Details : Positive values shift the meter to the left, allowing for placement adjustments relative to the chart's current view or specific visual preferences.
RSI Meter Components :
Sectors and Ticks : Draw sector arcs and tick marks around the RSI Meter to represent different RSI levels and thresholds.
Needle : Draw the needle on the RSI Meter to indicate the current RSI value.
Sector Labels : Label each sector of the RSI Meter to indicate market conditions like "Strong Buy," "Buy," "Neutral," "Sell," and "Strong Sell."
Title Label : Draw the title label for the RSI Meter displaying the RSI value and its period.
Enhanced Calculations :
RSI Calculation : Calculate the RSI using the built-in function with the specified length and source.
StochRSI Calculation : Calculate StochRSI values using the specified lengths for RSI, %K, and %D.
Dynamic Line Management : Efficiently manage and update dynamically created line objects to prevent potential memory leaks.
Optimized Sector and Needle Drawing : Enhanced the drawing functions for sectors, needles, and ticks to improve visual clarity and performance.
Plotting RSI Meter :
Sector Plotting : Draw the sectors on the RSI Meter using specified colors and widths to represent different RSI levels and thresholds.
Needle Plotting : Plot the needle on the RSI Meter based on the calculated RSI value to visually indicate the current RSI level.
Tick Plotting : Plot tick marks around the RSI Meter to denote key RSI levels and thresholds for better readability.
Label Plotting : Draw sector labels and a title label on the RSI Meter to provide context and information about the RSI levels and their corresponding market conditions.
📘 Market Sentiment Integration
Purpose : Analyzes market sentiment using various indicators to provide an overall sentiment score.
Usage : Enable or disable individual sentiment indicators, set account type, and customize sentiment calculations for better market analysis.
Volatility Index (IV) :
Description : Enable or disable the use of the Volatility Index in sentiment calculation.
Details : When enabled, the Volatility Index (IV) provides insight into market sentiment by measuring market volatility. The selected Volatility Index varies based on your TradingView account type.
Account Type :
Description : Select your TradingView account type.
Details : Free accounts use SPX, while Premium accounts use VIX.
Put/Call Ratio (PCR) :
Description : Enable or disable the use of the Put/Call ratio in sentiment calculation.
Details : The Put/Call ratio is a sentiment indicator that measures the volume of put options traded relative to call options, indicating market sentiment towards bearish or bullish expectations.
Fear and Greed Index :
Description : Enable or disable the use of the Fear and Greed Index in sentiment calculation.
Details : The Fear and Greed Index gauges the prevailing emotions in the market, indicating whether investors are inclined towards fear (bearish sentiment) or greed (bullish sentiment).
Momentum Indicators :
Description : Enable or disable the use of momentum indicators like MACD and RoC in sentiment calculation.
Details : Momentum indicators help identify the strength and direction of price movements, assisting in sentiment analysis.
Adaptive Periods for Shorter Timeframes :
Description : Toggle this option to use shorter periods for sentiment indicators when analyzing lower timeframes.
Details : Enabling this option allows for more responsive and sensitive analysis when working with shorter timeframes.
Calculation Details :
Normalization Function : Normalize the values of the indicators over a 252-period range.
Set Periods Function : Set periods based on user preference for faster or slower periods, adjusting the analysis sensitivity.
IV Calculation : Calculate the IV value based on the selected Volatility Index (SPX for Free accounts, VIX for Premium accounts).
Put/Call Ratio Calculation : Calculate the Put/Call ratio using volume data, where put volume is proportional to the trading range, and call volume is proportional to the price change.
RoC Calculation : Calculate the Rate of Change (RoC) as a momentum indicator, measuring the percentage change in closing prices over a specified period.
Dynamic Thresholds : Define dynamic thresholds based on historical data, calculating mean and standard deviation to determine upper and lower thresholds for IV, PCR, and RoC.
📘 Enhanced Market Trend Dashboard Integration
Purpose : Provides a summary of key market indicators and signals in a single dashboard for quick and easy reference.
Usage : Customize the dashboard settings to display relevant market information, including Ichimoku components, Linear Regression, Support/Resistance levels, MACD, RSI, and Market Sentiment.
Market Trend Dashboard Parameters :
Display Market Trend Dashboard : Toggle to show or hide the market trend dashboard, providing a summary of key indicators and signals.
Panel Position : Select the position of the dashboard on the chart for optimal viewing.
Panel Text Size : Choose the text size for the information displayed in the dashboard, ensuring readability.
Panel Background Color : Set the background color of the market trend dashboard, enhancing contrast with the chart.
Ichimoku Dashboard Parameters :
Display Ichimoku Dashboard : Toggle to show or hide the Ichimoku section in the dashboard.
Display Tenkan-Sen Price Cross : Indicate when the price crosses the Tenkan-Sen line, signaling potential trade opportunities.
Display Kijun-Sen Price Cross : Indicate when the price crosses the Kijun-Sen line, often considered a stronger signal than Tenkan-Sen crosses.
Display Chikou Span Price Cross : Indicate Chikou Span price crosses, providing insight into potential trend reversals.
Display Kumo Breakout : Indicate Kumo (cloud) breakouts, which can signify major trend shifts.
Display Kumo Twist : Indicate Kumo twists, suggesting changing market dynamics and potential reversals.
Linear Regression Projection Dashboard Parameters :
Display LR Projection Dashboard : Toggle to show or hide the Linear Regression Projection section in the dashboard.
Display Linear Regression Period : Indicate the period used for Linear Regression Projection analysis.
Display Pearson R Details : Show the Pearson R value in the dashboard, indicating the strength and direction of the correlation in the Linear Regression Projection.
Supports and Resistances Dashboard Parameters :
Display S/R Dashboard : Toggle to show or hide the Support and Resistance section in the dashboard.
Display S/R Break Prices : Show the latest break prices of support and resistance levels in the dashboard.
MACD Dashboard Parameters :
Display MACD Dashboard : Toggle to show or hide the MACD section in the dashboard.
RSI Dashboard Parameters :
Display RSI Dashboard : Toggle to show or hide the Relative Strength Index section in the dashboard.
Display RSI Details : Show the RSI value and status in the dashboard.
Display StochRSI Details : Show the StochRSI %K, %D values and status in the dashboard.
Market Sentiment Dashboard Parameters :
Display Market Sentiment Dashboard : Enable or disable the display of the Market Sentiment Dashboard, which summarizes key market sentiment indicators like Implied Volatility, Put/Call Ratio, and Fear and Greed Index.
Display Implied Volatility Details : Show or hide the Implied Volatility details in the Market Sentiment Dashboard.
Display Put/Call Ratio Details : Show or hide the Put/Call Ratio details in the Market Sentiment Dashboard.
Display Fear and Greed Index Details : Show or hide the Fear and Greed Index details in the Market Sentiment Dashboard.
Enhanced Calculations :
Ichimoku Cloud Trend Calculation : Calculates trend based on the relationship between Ichimoku Cloud components, identifying bullish or bearish trends.
Support and Resistance Break Detection : Detects breaks in support and resistance levels and updates the dashboard accordingly.
Linear Regression Projection Calculation : Calculates Linear Regression Projection and Pearson R value for trend analysis.
MACD Signal Calculation : Determines MACD status based on histogram values.
RSI and StochRSI Calculation : Calculates RSI and StochRSI values and updates their statuses in the dashboard.
Market Sentiment Score Calculation : Calculates overall market sentiment score based on individual sentiment indicators.
Dynamic Alert Management : Manages alerts for various dashboard signals to prevent repeated alerts.
Real-Time Data Integration : Continuously updates the dashboard with real-time data for accurate and current trend analysis.
Plotting Market Trend Dashboard Components :
Ichimoku Components Plotting : Plots Tenkan-Sen, Kijun-Sen, Chikou Span, and Kumo cloud with dynamic adjustments.
Support and Resistance Levels Plotting : Plots support and resistance levels and updates them dynamically based on market data.
Linear Regression Projection Plotting : Plots the Linear Regression Projection line and labels with trend-based colors.
MACD and RSI Plotting : Plots MACD and RSI signals on the dashboard, including status updates.
Market Sentiment Indicators Plotting : Plots Market Sentiment indicators like IV, PCR, and Fear and Greed Index with dynamic updates.
Alert Notifications Plotting : Plots alert notifications for significant market changes based on dashboard signals.
Summary
This comprehensive market analyzer integrates multiple technical indicators, including machine learning, Ichimoku Kinkō Hyō, candlestick patterns, Fibonacci retracement, support and resistance levels, trend lines, linear regression, POC analysis, divergences, ATR, RSI, and market sentiment. Each section includes detailed descriptions and usage instructions to help traders understand how to effectively utilize the indicator in their trading strategies.
Recent Trades - Real-Time Volume AnalysisRecent Trades - Real-Time Volume Analysis 📈
Another orderflow tool to add to the arsenal.
It works with trading pairs with volume data (i.e. it doesn't work for price indexes).
It is independent of the chart timeframe.
The interval can be set to a value between 1 to 1440 minutes (check settings).
It is possible to choose a different symbol than the one on the current chart (check settings).
This makes it easy to analyze multiple pairs at once .
Volume Chart
The Volume Chart shows the last 100 trades.
The chart scale can be either standard or zero-centred, and it can be compact or take the whole main chart area.
Trades Counter
The Trades Counter shows the Ratio of Buys and Sells for the chosen interval.
The % Percentage value for Buys & Sells, the trades Size and their number are also shown.
Trades Feed
The Trades Feed can show up to 50 recent trades (check settings).
The Trades can be filtered by min & max limits.
Set min & max values and type of trade to filter the Large Trades. They can be highlighted in the feed.
The Trades Feed colours may not work on some OSystems (e.g. Mac). It can be fixed in settings.
▪ Available trade info:
- elapsed Time since the trade was recorded
- Price at which the trade was executed
- Size of the trade
▪ Various Metrics are available at the bottom:
- Chosen Interval
- Chosen Symbol (Exchange & Pair)
- CVD direction
- Volume Delta amount
- Buys & Sells Ratio
- Total Trades and their Speed
- Total Volume and its Speed
- Number of Significant Trades, their % Percentage and their Speed
- Total Significant Volume, its % Percentage and its Speed
▪ The Numbers are formatted for better reading.
▪ Alerts:
- CVD direction change (⚠️this can trigger too often)
- Ratio level +/-
- Buy Volume - % Percent
- Sell Volume - % Percent
- New Trade (⚠️this can trigger too often if the volume is not filtered)
- Trades - Speed Limit
- Volume - Speed Limit
- New Large Trade
- Large Trades - Speed Limit
- Large Volume - Speed Limit
- Large Trades - % Percent
- Large Volume - % Percent
▪ ⚠️Some metrics can have abnormal values at the start of the interval.
To avoid triggering alerts in such conditions, set the number of seconds to wait before checking whether they should fire.
▪ Note:
- Initially, the Recent Trades panel is positioned to the far right of the chart, so it may be hidden in the future. Drag the chart to the left to reveal it.
- The panel Position can be adjusted in settings.
▪ Related Studies:
- Volume Delta
- CumulativeVolumeDelta-CVD
- Counters Ratio
- Heatmap-Support-Resistance-Volume-Clusters
▪ Some layout examples:
Zeta Volume Profile ProWhat is Volume Profile?
Volume Profile is an advanced order flow analysis which displays volume distribution at various price points over time. It may be called a recent biodata of a stock which is displayed on a chart as a horizontal histogram. Volume Profile can help reveal significant price levels where smart money is sitting.
Why Volume Profile is important?
The life of a Future Contract is of maximum 3 months. All the near month contracts expire on the last Thursday of the respective month. But, the traders who want to continue holding on to their winning positions would likely take the same position in the next series. So they often close the existing position near the expiry and take position in the next series. This activity is termed as Rolling Over the position and mostly it catches strength about 5-6 days before the expiry.
If we start tracking Volume Profile 5-6 days before the monthly expiry, we get to know the levels where maximum concentration of volume is located. In layman terms, we want to see where the biggest crowd is sitting. In this crowd, there will be equal number of buyers and sellers and when either party starts feeling the heat (market goes against them), they try to limit their loss by Buying/Selling and the random walks become a unidirectional march.
Zeta Volume Profile Pro tries to detect this crowd behavior by tracking maximum volume concentration area and when price leaves this area, it generates Buy/Sell Signals.
What is unique about Zeta Volume Profile Pro?
There are other volume profile indicators also in the market but Zeta Volume Profile Pro is unique in following aspects:
1. Whenever last Thursday of any month starts, Zeta Volume Profile Pro resets automatically and starts calculating volume and price levels from 30 bars backwards (default value which the user can change). Assuming we are looking at 30 Min. Time-Frame chart and your Stock Exchange opens for 6 hours a day, the last 30 candles cover 5 days data. If in your time zone, stock exchange remains open for longer hours, you can either increase minimum number of bars to be considered or you may increase your time-frame. The idea is you should cover 5-6 days of data on last Thursday of the month.
2. Once you set the minimum number of bars and time-frame relevant to you, leave everything to Zeta Volume Profile Pro. Now with every passing tick, the volume profile created by Zeta Volume Profile Pro will keep changing and more and more price bars will keep adding to the minimum number of bars set by you till last Wednesday of the current month occurs.
3. On any given day or time, whenever price breaks out of maximum volume concentration area, the indicator generates a Buy/Sell Signal and often such breakouts give handsome returns.
What markets it is suitable for?
It can be used in any time-zone on any stock exchange. However, since the concept is based upon Volume Concentration, it works best on highly liquid stocks, commodities, currency pairs and indices.
It will not give good results if the underlying security is illiquid because volume profile generated will not be efficient one.
Since Future Contracts volume tends to be more than cash segment, it gives much better results on Futures Charts.
Which time frames are best for this indicator?
Choose such time-frame and minimum number of bars which are equivalent to 5-6 trading sessions in your time-zone. In settings, there is an option to set your time-zone.
How to Take Buy/Sell Entry with Zeta Volume Profile Pro?
Whenever you see a Buy Signal appearing on your chart, take Buy Entry and whenever you see a Sell Signal, take Sell side Entry.
Your STOP LOSS would be high or low of candle which occurs just before the Buy/Sell Signal respectively.
Keep moving your STOP LOSS up as the price moves in your favor and when market turns around and you see a SELL signal, it is time to book your BUY position profit and take Entry on SELL Side now and so on.
What are the limitations of this indicator?
Sometimes price takes a break out of maximum volume concentration area and then again comes back which might hit your stop loss. However, as the backtested data shows, having faith in the indicator will give you some so nice breakouts that a single trade will cover your 10 to 20 Stop Loss hits.
How to get this indicator?
This is invite-only indicator. Get in touch with us using information given below in Signature field to try this tool FREE for 02 live sessions. After that, it is subscription based access.
Bravo xSwingThe Bravo xSwing is a hybrid of my Original Bravo Swing script (BUY) and the Accurate Swing Trading System script by ceyhun (SELL) - also know as SMA 9/50/180 | EMA 20 | BUY/SELL.
This system buys in on a full candle close above the SMA 9 (indicating a strong bullish trend) and sells using the above mentioned Accurate Swing algorithm.
Back-testing results suggest 15% greater returns than using the Accurate Swing Trading System or Original Bravo swing alone. **
RSI overbought/oversold are also included as references and display as follows:
- Overbought - red down arrows display on top of chart.
- Oversold - green up arrows display on bottom of chart.
Note: Back-testing suggests that these indicators are not as effective with Extended Hours turned on.
** If you are using the 1 hour chart, the sell indicators will appear on a close below the SMA9, as back-testing suggests better profitability using the Original Bravo Close for this time period.
SMA Strategy - Indicator Version for AlertIn this indicator, I made use of two different sma intersections for buying and selling points. You can use the intersection of 2 sma values for buying and 2 separate sma intersection for selling.
There are 3 different alarms for those who want to set an alarm.
- Cross Alarm: The alarm that will work on buy-sell signals for those who have the right to set a single alarm.
- Buy Alarm: The alarm that will operate at the receiving point according to the values you specified.
- Sell Alarm: The alarm that will operate at the sales point according to the values you specify.
Cracking Cryptocurrency - IchimokuCracking Cryptocurrency Ichimoku
The Ichimoku Cloud is designed to measure both momentum and trend. This script is optimized for **Cryptocurrency** by default but the settings can easily be adjusted from the Input Window to trade on any asset.
The core of the Ichimoku Strategy can be broken down into two facets, depending on whether you prefer to trade short-term or long-term. The Ichimoku is a trending indicator by default, it will not catch bottoms or tops. It is a momentum indicator .
Features & Functions
Multiple Time Frames Feature: With this feature, you can view the Ichimoku of a different time frame than you are currently viewing. This is very useful for looking at daily support and resistance (Kumo, Chikou) but wishing to trade a different strategy (Price Action, Moving Averages, etc.) on a lower time frame.
Short-Term Strategy
Revolves around Tenkan and Kijun crosses. Should the Tenkan crossover the Kijun, that is a bullish indication, and a signal to buy or go long.
Conversely, should the Tenkan crossunder the Kijun that is a bearish indication, and a signal to sell or go short.
In the settings, you can choose to plot Tenkan/Kijun crosses. With this option selected, several things will occur when Tenkan/Kijun crosses happen.
1. The current bar will change colors depending on whether the signal is a buy or a sell. Buy = Aqua, Sell = Fuchsia
2. A dot will appear on the Tenkan. Buy = Green, Sell = Red
3. A label will appear above or below bar indicating the correct decision. Buy = Buy, Sell = Sell.
Long-Term Strategy
Revolves around price closing above or below the Kumo Cloud itself. Should price close above a bearish Kumo Cloud, that is a bullish indication, and a signal to buy or go long.
Conversely, should price close below a bullish Kumo Cloud, that is a bearish indication, and a signal to sell or go short.
In either case, it's important to understand what the cloud breaks are representing. They are representing a potential shift in the dominant trend. Ichimoku attempts to identify when that shift happens, so we can get on the side of the emerging trend.
In the settings, you can choose to plot Kumo Cloud Breaks. With this option selected, several things will occur when Kumo Cloud breaks happen.
1. The current bar will change colors depending on whether the signal was a buy or a sell. Buy = Aqua, Sell = Fuchsia
2. A label will appear above or below bar indicating the correct decision. Buy = Buy, Sell = Sell.
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Please note, that the Kumo Cloud Breaks indicate stronger signals, and thus more weight should be given to them than TK Crosses. However, depending on what time frame you are trading on, Kumo Cloud breaks are a rarer occurrence than TK Crosses.
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Additional Features
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The Chikou (Lagging) Spam is run through a Zero Lag filter. The reason for this is aesthetic. The smoothing can be disabled in the input windows.
The purpose of the Chikou Span is to identify Support and Resistance.
If you have any questions, success or failure stories, or seek advice feel free to send me a private message here on Trading View. Trade safely.
[BT] - Manual TSSL [ALERTS] v1Manual TSSL - V1
Enter the market on your own, and use this script to alert you when to sell. I found myself many times in position but wanted a script to help automatically exit the market when I stepped away.
Directions
You must provide the timestamp and price in the settings. Adjust the TSSL settings, make sure you leave enough room so the market can breath. Once the price goes below the bottom TSSL red line, is when the alert will trigger. Added some labels to keep track of the buy/sell and when the bottom TSSL price moves up.
If you like this idea, but would like another indicator instead of TSSL, please feel free to message me directly.
Thanks for looking!
FibMAThis study visually demonstrates Fibonacci moving averages.
The darker the color, the stronger the signal is for either buying or selling.
Buys/Sells only take place when each moving average is above/below the its adjactent fibonacci sequence, i.e 5<8<13<21<34<55<89<144 for buying..
Alerts are provided as BUY ASSET and SELL ASSET.
Multiple moving averages are also provided.
Sell / Buy RatesThis script finds sell / buy rates and adds its linear regression to the chart. its aim is finding buying and selling power, then you can try to find trend reversals. Also you can find divergences, it's very important signal for trend reversal.
Linear regression is a basic and commonly used type of predictive analysis.
if you choose lower periods then it will be more sensitive. I choose 34 as it's one of fibonnaci number.
If you find my works useful, please consider a donation
BTC: 16XRqyS3Vgh1knAU1tCcruqhUrVm4QWWmR
Gunbot Machine Gun (trial version)Hello fellow Gunbotters, you have requested and I have delivered. Here is the trial version for Gunbot Machine Gun strategy.
Note:
1. This is the trial version so the customization settings are locked, subscribe to unlock features.
2. Green triangles = buy signals, Red triangles = sell signals.
3. Both buy and sell alerts are set-up so you can create alerts easily.
This is how the Gunbot Machine Gun works: I have 200 slots for alerts in Tradingview. I use all of those slots to set buy and sell alerts on BTC pairs. I have volatility filter in my script so the Machine Gun will only start firing out rounds (Buy alerts) when the volatility becomes high. Tradingview sends email to gmail. Gunbot waits for the email, once it reads it Gunbot will action the email (buy/sell depending on the message). Gunbot buys the coin based on email message received from Tradingview. It will be rapid fire, accumulating buys while coin is pumping up. Then when the dust settles and momentum starts dying, the script will throw a hand grenade (pink triangles), send a sell signal/email then Gunbot reads that email and executes the sell all trade.
Buys early during pumps. Finds coins that will pump soon. Sells at peak.
Legend:
Green triangles = buy signals
Pink triangles = sell signals
Note:
During period of low volatility there will rarely be any buy signals. The sell signals during this time is irrelevant (can only sell after you bought). But once high volatility is detected the script gets ready to activate. Then it starts sending buy signals close and during the pumps. Sells at peak.
Works on most coins and stocks.