Descending Inv. Head and Shoulders Patterns [theEccentricTrader]█ OVERVIEW
This indicator automatically draws descending inverse head and shoulders patterns and price projections derived from the ranges that constitute the patterns.
█ CONCEPTS
Green and Red Candles
• A green candle is one that closes with a close price equal to or above the price it opened.
• A red candle is one that closes with a close price that is lower than the price it opened.
Swing Highs and Swing Lows
• A swing high is a green candle or series of consecutive green candles followed by a single red candle to complete the swing and form the peak.
• A swing low is a red candle or series of consecutive red candles followed by a single green candle to complete the swing and form the trough.
Peak and Trough Prices (Basic)
• The peak price of a complete swing high is the high price of either the red candle that completes the swing high or the high price of the preceding green candle, depending on which is higher.
• The trough price of a complete swing low is the low price of either the green candle that completes the swing low or the low price of the preceding red candle, depending on which is lower.
Historic Peaks and Troughs
The current, or most recent, peak and trough occurrences are referred to as occurrence zero. Previous peak and trough occurrences are referred to as historic and ordered numerically from right to left, with the most recent historic peak and trough occurrences being occurrence one.
Upper Trends
• A return line uptrend is formed when the current peak price is higher than the preceding peak price.
• A downtrend is formed when the current peak price is lower than the preceding peak price.
• A double-top is formed when the current peak price is equal to the preceding peak price.
Lower Trends
• An uptrend is formed when the current trough price is higher than the preceding trough price.
• A return line downtrend is formed when the current trough price is lower than the preceding trough price.
• A double-bottom is formed when the current trough price is equal to the preceding trough price.
Range
The range is simply the difference between the current peak and current trough prices, generally expressed in terms of points or pips.
Support and Resistance
• Support refers to a price level where the demand for an asset is strong enough to prevent the price from falling further.
• Resistance refers to a price level where the supply of an asset is strong enough to prevent the price from rising further.
Support and resistance levels are important because they can help traders identify where the price of an asset might pause or reverse its direction, offering potential entry and exit points. For example, a trader might look to buy an asset when it approaches a support level , with the expectation that the price will bounce back up. Alternatively, a trader might look to sell an asset when it approaches a resistance level , with the expectation that the price will drop back down.
It's important to note that support and resistance levels are not always relevant, and the price of an asset can also break through these levels and continue moving in the same direction.
Breakouts and Breakdowns
• A breakout occurs when the price of an asset breaks above a resistance level.
• A breakdown occurs when the price of an asset breaks below a support level.
• A confirmed breakout occurs when the price of an asset breaks and closes above a resistance level.
• A confirmed breakdown occurs when the price of an asset breaks and closes below a support level.
It's important to note that breakouts and breakdowns of resistance and support levels are not always relevant, and the price of an asset can also reverse once it has broken through a level to carry on in the opposite direction.
Trendlines
Trendlines are straight lines that are drawn between two or more points on a price chart. These lines are used as dynamic support and resistance levels for making strategic decisions and predictions about future price movements. For example traders will look for price movements along, and reactions to, trendlines in the form of rejections or breakouts/downs.
Descending Inverse Head and Shoulders Patterns
Descending inverse head and shoulders patterns are generally characterised by three troughs with the one in the middle being the lowest of the three and the third trough being lower than the first. Similarly, the two peaks that connect the three troughs are also descending, with the second peak, or right shoulder peak, being lower than the preceding peak, or left shoulder peak.
The current peak acts as neckline resistance and the trendline drawn from the preceding peak to current peak acts as dynamic neckline resistance.
Traders typically look for breakouts of descending head and shoulders necklines to identify potential trading opportunities, with targets and stop losses set as multiples of the pattern's range.
█ FEATURES
Inputs
• Show Historic
• Show Necklines
• Show Dynamic Necklines
• Show Projections
• Pattern Color
• Pattern Neckline Color
• Extend Current Pattern Lines
• Extend Current Pattern Necklines
• Extend Current Projection Lines
█ LIMITATIONS
All green and red candle calculations are based on differences between open and close prices, as such I have made no attempt to account for green candles that gap lower and close below the close price of the preceding candle, or red candles that gap higher and close above the close price of the preceding candle. This may cause some unexpected behaviour on some markets and timeframes. I can only recommend using 24-hour markets, if and where possible, as there are far fewer gaps and, generally, more data to work with.
Pesquisar nos scripts por "TRENDLINES"
Descending Head and Shoulders Patterns [theEccentricTrader]█ OVERVIEW
This indicator automatically draws descending head and shoulders patterns and price projections derived from the ranges that constitute the patterns.
█ CONCEPTS
Green and Red Candles
• A green candle is one that closes with a close price equal to or above the price it opened.
• A red candle is one that closes with a close price that is lower than the price it opened.
Swing Highs and Swing Lows
• A swing high is a green candle or series of consecutive green candles followed by a single red candle to complete the swing and form the peak.
• A swing low is a red candle or series of consecutive red candles followed by a single green candle to complete the swing and form the trough.
Peak and Trough Prices (Basic)
• The peak price of a complete swing high is the high price of either the red candle that completes the swing high or the high price of the preceding green candle, depending on which is higher.
• The trough price of a complete swing low is the low price of either the green candle that completes the swing low or the low price of the preceding red candle, depending on which is lower.
Historic Peaks and Troughs
The current, or most recent, peak and trough occurrences are referred to as occurrence zero. Previous peak and trough occurrences are referred to as historic and ordered numerically from right to left, with the most recent historic peak and trough occurrences being occurrence one.
Upper Trends
• A return line uptrend is formed when the current peak price is higher than the preceding peak price.
• A downtrend is formed when the current peak price is lower than the preceding peak price.
• A double-top is formed when the current peak price is equal to the preceding peak price.
Lower Trends
• An uptrend is formed when the current trough price is higher than the preceding trough price.
• A return line downtrend is formed when the current trough price is lower than the preceding trough price.
• A double-bottom is formed when the current trough price is equal to the preceding trough price.
Range
The range is simply the difference between the current peak and current trough prices, generally expressed in terms of points or pips.
Support and Resistance
• Support refers to a price level where the demand for an asset is strong enough to prevent the price from falling further.
• Resistance refers to a price level where the supply of an asset is strong enough to prevent the price from rising further.
Support and resistance levels are important because they can help traders identify where the price of an asset might pause or reverse its direction, offering potential entry and exit points. For example, a trader might look to buy an asset when it approaches a support level , with the expectation that the price will bounce back up. Alternatively, a trader might look to sell an asset when it approaches a resistance level , with the expectation that the price will drop back down.
It's important to note that support and resistance levels are not always relevant, and the price of an asset can also break through these levels and continue moving in the same direction.
Breakouts and Breakdowns
• A breakout occurs when the price of an asset breaks above a resistance level.
• A breakdown occurs when the price of an asset breaks below a support level.
• A confirmed breakout occurs when the price of an asset breaks and closes above a resistance level.
• A confirmed breakdown occurs when the price of an asset breaks and closes below a support level.
It's important to note that breakouts and breakdowns of resistance and support levels are not always relevant, and the price of an asset can also reverse once it has broken through a level to carry on in the opposite direction.
Trendlines
Trendlines are straight lines that are drawn between two or more points on a price chart. These lines are used as dynamic support and resistance levels for making strategic decisions and predictions about future price movements. For example traders will look for price movements along, and reactions to, trendlines in the form of rejections or breakouts/downs.
Descending Head and Shoulders Patterns
Descending head and shoulders patterns are generally characterised by three peaks with the one in the middle being the highest of the three and the third peak being lower than the first. Similarly, the two troughs that connect the three peaks are also descending, with the second trough, or right shoulder trough, being lower than the preceding trough, or left shoulder trough.
The current trough acts as neckline support and the trendline drawn from the preceding trough to current trough acts as dynamic neckline support.
Traders typically look for breakouts of descending head and shoulders necklines to identify potential trading opportunities, with targets and stop losses set as multiples of the pattern's range.
█ FEATURES
Inputs
• Show Historic
• Show Necklines
• Show Dynamic Necklines
• Show Projections
• Pattern Color
• Pattern Neckline Color
• Extend Current Pattern Lines
• Extend Current Pattern Necklines
• Extend Current Projection Lines
█ LIMITATIONS
All green and red candle calculations are based on differences between open and close prices, as such I have made no attempt to account for green candles that gap lower and close below the close price of the preceding candle, or red candles that gap higher and close above the close price of the preceding candle. This may cause some unexpected behaviour on some markets and timeframes. I can only recommend using 24-hour markets, if and where possible, as there are far fewer gaps and, generally, more data to work with.
Ascending Inv. Head and Shoulders Patterns [theEccentricTrader]█ OVERVIEW
This indicator automatically draws ascending inverse head and shoulders patterns and price projections derived from the ranges that constitute the patterns.
█ CONCEPTS
Green and Red Candles
• A green candle is one that closes with a close price equal to or above the price it opened.
• A red candle is one that closes with a close price that is lower than the price it opened.
Swing Highs and Swing Lows
• A swing high is a green candle or series of consecutive green candles followed by a single red candle to complete the swing and form the peak.
• A swing low is a red candle or series of consecutive red candles followed by a single green candle to complete the swing and form the trough.
Peak and Trough Prices (Basic)
• The peak price of a complete swing high is the high price of either the red candle that completes the swing high or the high price of the preceding green candle, depending on which is higher.
• The trough price of a complete swing low is the low price of either the green candle that completes the swing low or the low price of the preceding red candle, depending on which is lower.
Historic Peaks and Troughs
The current, or most recent, peak and trough occurrences are referred to as occurrence zero. Previous peak and trough occurrences are referred to as historic and ordered numerically from right to left, with the most recent historic peak and trough occurrences being occurrence one.
Upper Trends
• A return line uptrend is formed when the current peak price is higher than the preceding peak price.
• A downtrend is formed when the current peak price is lower than the preceding peak price.
• A double-top is formed when the current peak price is equal to the preceding peak price.
Lower Trends
• An uptrend is formed when the current trough price is higher than the preceding trough price.
• A return line downtrend is formed when the current trough price is lower than the preceding trough price.
• A double-bottom is formed when the current trough price is equal to the preceding trough price.
Range
The range is simply the difference between the current peak and current trough prices, generally expressed in terms of points or pips.
Support and Resistance
• Support refers to a price level where the demand for an asset is strong enough to prevent the price from falling further.
• Resistance refers to a price level where the supply of an asset is strong enough to prevent the price from rising further.
Support and resistance levels are important because they can help traders identify where the price of an asset might pause or reverse its direction, offering potential entry and exit points. For example, a trader might look to buy an asset when it approaches a support level , with the expectation that the price will bounce back up. Alternatively, a trader might look to sell an asset when it approaches a resistance level , with the expectation that the price will drop back down.
It's important to note that support and resistance levels are not always relevant, and the price of an asset can also break through these levels and continue moving in the same direction.
Breakouts and Breakdowns
• A breakout occurs when the price of an asset breaks above a resistance level.
• A breakdown occurs when the price of an asset breaks below a support level.
• A confirmed breakout occurs when the price of an asset breaks and closes above a resistance level.
• A confirmed breakdown occurs when the price of an asset breaks and closes below a support level.
It's important to note that breakouts and breakdowns of resistance and support levels are not always relevant, and the price of an asset can also reverse once it has broken through a level to carry on in the opposite direction.
Trendlines
Trendlines are straight lines that are drawn between two or more points on a price chart. These lines are used as dynamic support and resistance levels for making strategic decisions and predictions about future price movements. For example traders will look for price movements along, and reactions to, trendlines in the form of rejections or breakouts/downs.
Ascending Inverse Head and Shoulders Patterns
Ascending inverse head and shoulders patterns are generally characterised by three troughs with the one in the middle being the lowest of the three and the third trough being higher than the first. Similarly, the two peaks that connect the three troughs are also ascending, with the second peak, or right shoulder peak, being higher than the preceding peak, or left shoulder peak.
The current peak acts as neckline resistance and the trendline drawn from the preceding peak to current peak acts as dynamic neckline resistance.
Traders typically look for breakouts of ascending inverse head and shoulders necklines to identify potential trading opportunities, with targets and stop losses set as multiples of the pattern's range.
█ FEATURES
Inputs
• Show Historic
• Show Necklines
• Show Dynamic Necklines
• Show Projections
• Pattern Color
• Pattern Neckline Color
• Extend Current Pattern Lines
• Extend Current Pattern Necklines
• Extend Current Projection Lines
█ LIMITATIONS
All green and red candle calculations are based on differences between open and close prices, as such I have made no attempt to account for green candles that gap lower and close below the close price of the preceding candle, or red candles that gap higher and close above the close price of the preceding candle. This may cause some unexpected behaviour on some markets and timeframes. I can only recommend using 24-hour markets, if and where possible, as there are far fewer gaps and, generally, more data to work with.
Ascending Head and Shoulders Patterns [theEccentricTrader]█ OVERVIEW
This indicator automatically draws ascending head and shoulders patterns and price projections derived from the ranges that constitute the patterns.
█ CONCEPTS
Green and Red Candles
• A green candle is one that closes with a close price equal to or above the price it opened.
• A red candle is one that closes with a close price that is lower than the price it opened.
Swing Highs and Swing Lows
• A swing high is a green candle or series of consecutive green candles followed by a single red candle to complete the swing and form the peak.
• A swing low is a red candle or series of consecutive red candles followed by a single green candle to complete the swing and form the trough.
Peak and Trough Prices (Basic)
• The peak price of a complete swing high is the high price of either the red candle that completes the swing high or the high price of the preceding green candle, depending on which is higher.
• The trough price of a complete swing low is the low price of either the green candle that completes the swing low or the low price of the preceding red candle, depending on which is lower.
Historic Peaks and Troughs
The current, or most recent, peak and trough occurrences are referred to as occurrence zero. Previous peak and trough occurrences are referred to as historic and ordered numerically from right to left, with the most recent historic peak and trough occurrences being occurrence one.
Upper Trends
• A return line uptrend is formed when the current peak price is higher than the preceding peak price.
• A downtrend is formed when the current peak price is lower than the preceding peak price.
• A double-top is formed when the current peak price is equal to the preceding peak price.
Lower Trends
• An uptrend is formed when the current trough price is higher than the preceding trough price.
• A return line downtrend is formed when the current trough price is lower than the preceding trough price.
• A double-bottom is formed when the current trough price is equal to the preceding trough price.
Range
The range is simply the difference between the current peak and current trough prices, generally expressed in terms of points or pips.
Support and Resistance
• Support refers to a price level where the demand for an asset is strong enough to prevent the price from falling further.
• Resistance refers to a price level where the supply of an asset is strong enough to prevent the price from rising further.
Support and resistance levels are important because they can help traders identify where the price of an asset might pause or reverse its direction, offering potential entry and exit points. For example, a trader might look to buy an asset when it approaches a support level , with the expectation that the price will bounce back up. Alternatively, a trader might look to sell an asset when it approaches a resistance level , with the expectation that the price will drop back down.
It's important to note that support and resistance levels are not always relevant, and the price of an asset can also break through these levels and continue moving in the same direction.
Breakouts and Breakdowns
• A breakout occurs when the price of an asset breaks above a resistance level.
• A breakdown occurs when the price of an asset breaks below a support level.
• A confirmed breakout occurs when the price of an asset breaks and closes above a resistance level.
• A confirmed breakdown occurs when the price of an asset breaks and closes below a support level.
It's important to note that breakouts and breakdowns of resistance and support levels are not always relevant, and the price of an asset can also reverse once it has broken through a level to carry on in the opposite direction.
Trendlines
Trendlines are straight lines that are drawn between two or more points on a price chart. These lines are used as dynamic support and resistance levels for making strategic decisions and predictions about future price movements. For example traders will look for price movements along, and reactions to, trendlines in the form of rejections or breakouts/downs.
Ascending Head and Shoulders Patterns
Ascending head and shoulders patterns are generally characterised by three peaks with the one in the middle being the highest of the three and the third peak being higher than the first. Similarly, the two troughs that connect the three peaks are also ascending, with the second trough, or right shoulder trough, being higher than the preceding trough, or left shoulder trough.
The current trough acts as neckline support and the trendline drawn from the preceding trough to current trough acts as dynamic neckline support.
Traders typically look for breakdowns of ascending head and shoulders necklines to identify potential trading opportunities, with targets and stop losses set as multiples of the pattern's range.
█ FEATURES
Inputs
• Show Historic
• Show Necklines
• Show Dynamic Necklines
• Show Projections
• Pattern Color
• Pattern Neckline Color
• Extend Current Pattern Lines
• Extend Current Pattern Necklines
• Extend Current Projection Lines
█ LIMITATIONS
All green and red candle calculations are based on differences between open and close prices, as such I have made no attempt to account for green candles that gap lower and close below the close price of the preceding candle, or red candles that gap higher and close above the close price of the preceding candle. This may cause some unexpected behaviour on some markets and timeframes. I can only recommend using 24-hour markets, if and where possible, as there are far fewer gaps and, generally, more data to work with.
Wedge Patterns [theEccentricTrader]█ OVERVIEW
This indicator automatically draws wedge patterns and price projections derived from the ranges that constitute the patterns.
█ CONCEPTS
Green and Red Candles
• A green candle is one that closes with a close price equal to or above the price it opened.
• A red candle is one that closes with a close price that is lower than the price it opened.
Swing Highs and Swing Lows
• A swing high is a green candle or series of consecutive green candles followed by a single red candle to complete the swing and form the peak.
• A swing low is a red candle or series of consecutive red candles followed by a single green candle to complete the swing and form the trough.
Peak and Trough Prices (Basic)
• The peak price of a complete swing high is the high price of either the red candle that completes the swing high or the high price of the preceding green candle, depending on which is higher.
• The trough price of a complete swing low is the low price of either the green candle that completes the swing low or the low price of the preceding red candle, depending on which is lower.
Historic Peaks and Troughs
The current, or most recent, peak and trough occurrences are referred to as occurrence zero. Previous peak and trough occurrences are referred to as historic and ordered numerically from right to left, with the most recent historic peak and trough occurrences being occurrence one.
Upper Trends
• A return line uptrend is formed when the current peak price is higher than the preceding peak price.
• A downtrend is formed when the current peak price is lower than the preceding peak price.
• A double-top is formed when the current peak price is equal to the preceding peak price.
Lower Trends
• An uptrend is formed when the current trough price is higher than the preceding trough price.
• A return line downtrend is formed when the current trough price is lower than the preceding trough price.
• A double-bottom is formed when the current trough price is equal to the preceding trough price.
Range
The range is simply the difference between the current peak and current trough prices, generally expressed in terms of points or pips.
Support and Resistance
• Support refers to a price level where the demand for an asset is strong enough to prevent the price from falling further.
• Resistance refers to a price level where the supply of an asset is strong enough to prevent the price from rising further.
Support and resistance levels are important because they can help traders identify where the price of an asset might pause or reverse its direction, offering potential entry and exit points. For example, a trader might look to buy an asset when it approaches a support level , with the expectation that the price will bounce back up. Alternatively, a trader might look to sell an asset when it approaches a resistance level , with the expectation that the price will drop back down.
It's important to note that support and resistance levels are not always relevant, and the price of an asset can also break through these levels and continue moving in the same direction.
Breakouts and Breakdowns
• A breakout occurs when the price of an asset breaks above a resistance level.
• A breakdown occurs when the price of an asset breaks below a support level.
• A confirmed breakout occurs when the price of an asset breaks and closes above a resistance level.
• A confirmed breakdown occurs when the price of an asset breaks and closes below a support level.
It's important to note that breakouts and breakdowns of resistance and support levels are not always relevant, and the price of an asset can also reverse once it has broken through a level to carry on in the opposite direction.
Trendlines
Trendlines are straight lines that are drawn between two or more points on a price chart. These lines are used as dynamic support and resistance levels for making strategic decisions and predictions about future price movements. For example traders will look for price movements along, and reactions to, trendlines in the form of rejections or breakouts/downs.
Wedge Patterns
Wedge patterns are generally characterised by converging trend lines drawn from four points that form a triangle, or wedge shape. Traders typically look for breakouts or breakdowns of wedge patterns to identify potential trading opportunities, with targets and stop losses set as multiples of the pattern's range.
█ FEATURES
Inputs
• Show Historic
• Show Projections
• Pattern Color
• Extend Current Pattern Lines
• Extend Current Projection Lines
█ LIMITATIONS
All green and red candle calculations are based on differences between open and close prices, as such I have made no attempt to account for green candles that gap lower and close below the close price of the preceding candle, or red candles that gap higher and close above the close price of the preceding candle. This may cause some unexpected behaviour on some markets and timeframes. I can only recommend using 24-hour markets, if and where possible, as there are far fewer gaps and, generally, more data to work with.
Kyle凯尔ATR精控引擎2.0What this indicator does
Blends Heikin Ashi smoothing with a Supertrend-style engine and an EMA filter to generate directional flips (Buy/Sell).
Auto-draws Supply/Demand zones with POI (point of interest) and marks BOS (Break of Structure).
Prints ATR-based Entry, Stop Loss, and TP1/TP2/TP3 levels; includes alerts.
Shows two dashboards: trend & momentum panel (top-right) and liquidity snapshot (bottom-right).
Adds auto trendlines and multi-timeframe horizontal S/R for context.
Quick start
Add the indicator to any symbol/timeframe.
Act on a fresh flip:
Long when direction flips Up and price is above EMA.
Short when direction flips Down and price is below EMA.
Look for confluence: reaction at Demand/Supply, BOS, trendline break, horizontal S/R, ADX > 20, supportive RSI and volume.
Manage risk with the ATR targets. Scale at TP1/TP2, let TP3 run (targets can “roll” after TP3 to rid trends).
Set alerts once per bar close for reliability.
How signals are formed
Heikin Ashi reduces noise by averaging price; ATR bands around HA price form two rails.
Direction flips when HA price crosses the opposite rail; EMA filter blocks counter-trend flips.
Buy/Sell signals are only valid on the bar close.
Supply/Demand, POI & BOS
Swing pivots create Supply (red) above and Demand (green) below; each zone shows a POI mdline.
When price breaks a zone boundary, the script stamps BOS at the midline and retires the old zone.
ATR risk targets
On a fresh signal, the tool snapshots Entry, then computes SL and TP1/2/3 as ATR multiples.
When TP3 hits, the module rolls targets from the new price to help ride sustained trends.
Optional on-chart lines + labels show Entry/SL/TPs.
Dashboards (how to read)
Top-right panel:
Direction (Up/Down/Neutral)
Momentum (close vs close 10 bars ago)
RSI(2) smoothed by 7: oversold/overbought cues + value
Volume bias: OBV minus its EMA (>0 = bullish)
ADX: >20 suggests stronger trend conditions
Multi-TF direction: 1m/5m/15m/1h/4h/D; more agreement = stronger setups
Bottom-right panel (“Liquidity”):
HA bias & intensity %, relative volume vs 20-SMA, and ATR.
Overlays
Trendlines auto-connect short/long window extremes; alerts on breaks.
Multi-TF S/R draws recent pivot highs/lows across selected TFs with de-overlapped labels.
Inputs to tune (common)
ATR Period / Multiplier: higher = smoother, fewer flips.
EMA Period: higher = stricter trend filter.
Supply/Demand: pivot sensitivity (swing_length), zone depth (box_width), number of zones to keep.
Risk/Targets: slMultiplier, tp1/2/3Multiplier (in ATRs), line/label toggles, colors.
Dashboards/Overlays: enable, position, size, S/R TFs, label spacing.
Suggested starting points (XAUUSD, intraday)
ATR(14), ATR Mult 1.3–1.6, EMA 9–21.
Risk: SL = 1.0–1.2 ATR; TPs at 1/2/3 ATR.
S/D: swing_length 8–12, box_width ~2–3.
Adjust per instrument and timeframe.
Example playbooks
Trend continuation: Fresh Buy (Up + above EMA) + pullback into Demand or near the midline; ADX > 20 preferred; scale at TP1/TP2, let TP3 run.
BOS retest: After BOS, trade the first retest into the broken area/POI in alignment with higher-TF direction; confirm with volume bias.
Breakout: Combine trendline break + Buy/Sell flip + S/R breach. Avoid low-liquidity hours.
Alerts included
Buy signal / Sell signal
Trendline break (Up/Down)
TP1/TP2/TP3 reached
Use “Once per bar close”.
𝕋𝕣𝕖𝕟𝕕𝕝𝕚𝕟𝕖𝕤[𝕧𝕟]-This is an indicator for trendline traders
-Pine Script strategy draws pivot points and trendlines on the chart.
-This strategy allows the user to specify the interval to calculate the pivot points and the number of pivot points used to generate the trend lines .
-when an up (or down) trendline is drawn according to the settings in the indicator's settings, that line is support and resistance so we can proceed to make BUY or SELL points according to the support strategy. and resistance
-when the price line breaks above or below the trendline, the price has reversed to the nearest trendline (like the examples in the pictures below.)
-The horizontal lines of the trend line , after being broken, it will form a support or resistance area , and it is likely that the price will retest that area to continue following the broken trend.
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Vietnamese
-Đây là chỉ báo dành cho các trader thuộc trường phái phân tích đường xu hướng
-Chiến lược Pine Script vẽ các điểm trục và đường xu hướng trên biểu đồ.
-Chiến lược này cho phép người dùng chỉ định khoảng thời gian tính toán các điểm xoay và số điểm xoay được sử dụng để tạo các đường xu hướng .
-khi đường xu hướng tăng(hoặc giảm) được vẽ ra theo các thiết lập trong cài đặt của chỉ báo,thì đường đó là hỗ trợ,kháng cự để ta có thể tiến hành thực hiện điểm BUY hoặc SELL theo chiến lược hỗ trợ và kháng cự
-khi đường giá mà phá vỡ lên trên hoặc xuống dưới đường xu hướng thì giá đã đảo chiều ngược với đường xu hướng gần nhất (như các ví dụ trong các hình dưới đây.)
-Những đường nằm ngang của đường xu hướng sau khi bị phá vỡ nó sẽ hình thành cho ta là vùng hỗ trợ hoặc kháng cự mà rất có thể giá sẽ kiểm tra lại vùng đó để tiếp tục theo xu hướng bị phá vỡ.
here are some pictures when using this trendline indicator(dưới đây là một số hình ảnh khi dùng với chỉ báo trendline này)
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*break above trendline to form an uptrend(phá vỡ đường trendline bên trên để hình thành xu hướng tăng giá)
*Break the below trendline to form a downtrend(phá vỡ đường trendline bên dưới để hình thành xu hướng giảm giá)
*Support and resistance areas are created by two rising and falling trendlines(Vùng hỗ trợ,kháng cự được tạo ra bởi 2 đường trendline tăng và giảm)
*price is stuck between 2 up and down trendlines (wedge pattern)
giá đang bị kẹt giữa 2 đường trendline tăng và giảm(mô hình cái nêm)
*Adjust the length ,short parameters of the trendline(điều chỉnh độ dài ,ngắn các thông số của đường xu hướng)
- for the "Full Trend Lines" script, please visit the following page🎯🎯🎯:
The Oracle v3 [Redbeard]Welcome,
as the name already says, this indicator will help you to find very early long and short signals for cryptocurrencies and stocks (Didnt test Forex yet).
In the comment section below, i will post some chart examples, in which you will see, how successful the indicator works, when you follow some rules.
1. What does the indicator contain:
This one indicator contains 5 different indicators, which 4 of them are being used as "confirmation signals".
Main Line: The green/red line is a modified RSI , so trendlines are easier to draw.
Stochastic: A regular stochastic indicator.
Multi Divergences: The red/orange and green/olive colored tags with numbers in it, display divergences.
MFI: The vertical blue/purple lines, are being displayed using a MFI calculation. They simply display potential tops/bottoms.
Long/Short Tags: The yellow and blue colored tags with the text "Long/Short" in it, are being displayed by another "secret" indicator.
White vertical line: This is only a offset, so everyone who uses this indicator, knows in which area he should look for trendlines .
2. How to use the indicator:
Its very simple: Trendlines
The only thing you have to do by yourself, is to look for trendline on the "green/red" Main line and to draw them.
If the Main Line closes above a resistance trendline or closes below a support trendline AND has 1-2 additional confirmation signals, then you might have a good early entry.
The most important thing are the stop losses, because like any other indicator, it wont work to 100%. But this i will explain in the discord
3. On which timeframes does it work?
It works on any timeframe.
4. Who should use it?
People who are willing to learn, how to use the indicator.
People with some basic expirience (what is a divergence, what is a trendline)
5. Do i need more indicators?
In best case yes.
Im using 2 additional indicators, which you can use too.
6. Is there any backtest or are there any "proofs" of how good the indicators worked in the past?
Yes.
I will share some examples from the past in the comment section.
FIBS S/R IndicatorHello,
I've decided to publish a new script. The previous version of this script was removed by admins for breaking community rules.
So I present to you the Fibonacci Support / Resistance.
1. How does it work
Ratio plots
I first take the input of pivot look back and search for pivots high and low.
And then it takes a second look back to search highest high and lowest low to establish the top bottom range.
Then using the top and bottom I plot ratios provided as input. Defaults to most relevant 5 ratios I've found (Fibonacci):
Ratio 0 = 0 - can't be changed
Ratio 1 = 0.5
Ratio 2 = 0.618
Ratio 3 = 1
Ratio 4 = 1.618
Ratio 5 = 2.618
Any changes done to these ratios should be in order, otherwise conditions could get messed up. So R1 needs to the lowest and R5 the highest.
Also the same ratios are used in reverse as negative ratios.
There is a option to plot all ratios but gets really confusing for me but maybe for you it works. By default there are certain conditions set so that as we go up new resistance ratio get displayed and as we go down we see new resistance plots.
Trendlines
I've also added some automatic trendline plots with breakout warning labels based on the pivots high and low. Start and end for trendlines can be changed via inputs.
Labels can be deactivated via input. On a older version the trendlines and labels where not removed from the chart but I felt like there was to much information.
Overcooked/Undercooked
I've also added some fills and background colors that indicate if the price action is over R5 or under Negative R5 ratios. This usually indicates some "overcooking" or "undecooking".
I've notices that after "crossunder"/"crossover" top bottom ratios it goes in consolidation or it dumps. So then I plot a bgcolor to signal that.
2. How to use it
Using plot lines we can determine where we have support and resistance. I found that the best way to use the default ratios values is on the 1H chart. Very good for trading on crypto because of current situation in the market where there is a lot of new people entering the space and volatility and sentiment make swings respect the Fibonacci ratios.
3. Examples
For instance lets look at BINANCE:BTCUSDT .
On the left we see that the price action between 20 and 21 February was "overcooked". So after we got the signal that we "crossunder" the R5 the signal was triggered and we got a small red candle followed by a small dip and after that we got a small bounce and a dump.
If we also look at MF-RSI we can also see we got multiple bear divs.
Lets entertain the idea that we went short at ~57.1k as soon as we get signaled and it starts dumping.
Where does it stop ?
We can see it went all the way down to Negative R5 ratio. Normally that should signal "undercooking" but this was not triggered as it did not close under it (signaled in green).
We can also see that previous support now becomes resistance (signaled in red).
If we take a look at BINANCE:ETHUSDT , we do see that the "undercooking" was triggered here.
I will be publishing a more detailed Idea with examples of using this on the BINANCE:BTCUSDT chart in combination with Volume and other technical analysis.
Use with caution, this is not 100% signal indicator as the markets do what they want. But by using this in combination with other indicators like MF-RSI, EMAs and regular patterns we can get some targets for Support/Resistance.
I'm trying to create a strategy based on this indicator but I'm not getting very good results. Best results were on the 15 min chart with gross profits around ~50%.
Please try to play around with the inputs and let me know if you find something interesting, maybe I can incorporate new features in the indicator.
You can find the MF-RSI indicator here
OH2B Trading Indicator Ver2.0OH2B TRADING INDICATOR
The OH2B Trading Indicator is an indicator built for beginners.
It gives you entry points for BUY and SELL based on Trend Channel and Ema-Crossover.
It also gives you EXIT POINTS for taking profits based on the Average Directional Index and Relative Strength Index.
TRADING WITH OH2B INDICATOR
The OH2B Trading Indicator gives you entry points for BUY or SELL .
When the ema1 crosses above ema2, the trend channel will be painted GREEN in color, and a BUY signal will appear. = BUY
When the ema1 crosses below ema2, the trend channel will be painted RED in color, and a SELL signal will appear. = SELL
When a BUY or SELL signal appears on the chart, don't rush into any trade.
Please allow a few hours for confirmation of signals .
After confirmation, it is suggested to enter 50% first and another 50% near the Trendlines .
After entering a trade, please remember to set a stop-loss alert of an opposite signal.
To TAKE PROFIT , please follow the Triangles indicated on the chart
RED Triangles are the Take-Profit targets for the BUY (long) signal
GREEN Triangles are the Take-Profit targets for the SELL (short) signal
*After taking profit, please set a Stoploss to at least break-even level to protect your profits.
Often the price goes to the Trendlines after the signal, so keep some funds to increase the position or even open all position near the Trendlines , or use it for re-enter with SL after you closed position on TPs.
Setting alerts for Trade
Remember to set an alert so that you won't miss any opportunity.
TradingView will notify you immediately when a new signal pops up on the chart.
Tips for the beginners:
Recommended using the indicator at 1H - 2H Timeframe .
Recommended using the indicator for Spot Trading at both Crypto and Stock Market.
Do not use leverage above 5x.
No more than 5% of the deposit in one trade.
Do not rush into any trade when a new signal pops up, please allow a few hours for confirmation of signals.
TrustedSignals™TrustedSignals Indicator includes standard Buy and Sell signals on the chart, Support & Resistance lines, Auto-Trendlines, AutoFibs and an All-in-One Market Dashboard.
(All these signals can be set up as Live Alerts directly in Tradingview)
The 2 main Input options for this algorithm are ' Reactivity ' and ' Depth '. By default, the indicator is added to your chart with the best settings we've found so far.
-The ' Reactivity ' controls how quickly the algorithm reacts to trend changes. The higher the reactivity, the fewer trades on the chart. If the Reactivity input is low, the algorithm will react more quickly, and show more frequent trades.
-The ' Depth ' controls the position of the signals relative to the trend swing. A lower Depth will allow for more frequent and earlier entries, while a higher Depth will give slower entries.
Our third (secondary) input is ' Trend Length ' (the Lookback of the ' Current Trend ' indicator). TrustedSignals™ is coloring the candles based on the current trend direction. The blue color shows an uptrend, while the red color shows a downtrend. Buy and Sell signals alerted while the current trend is showing pink (Sideways Market) should be taken carefully, as the market direction is not decided.
Since we believe in the idea of an ' All-in-One ' Indicator, we have included 3 more extremely useful and powerful trading tools.
-The first optional feature is the ' Support and Resistance ' lines. This feature can be activated to draw the key levels of Support and Resistance, easing your decision making and reinforcing the entry signals. Those levels can also be used as Stop Loss or Take Profit
-The second optional feature is the ' Auto-Trendlines '. This part of our amazing indicator automatically draws Trendlines based on the Lookback period the user inputs.
-The last and most important optional feature is the ' AutoFibs '. TrustedSignals™ will automatically draw Fibonacci Retracement levels from trend swing key points. (the lookback length can be adjusted by the user)
- Market Dashboard -
Within one simple panel on your chart, our Dashboard displays the most relevant data from all of our features in real-time.
Current Trend
(The bar color) is an indicator based on Murrey Math's lines. These lines are based on the idea that according to Gann, price moves in 1/8's that act as points of support and resistance. Given this 1/8 characteristic of price action, we assigned properties to each of the lines in a given octave, obtaining a perfect Trend Indicator shown by the candle color, ranging from red to orange to blue.
Market Sentiment
Market Sentiment is a zero lag, 'noise-free', custom improved version of the old 'Relative Strength Indicator ( RSI )' It measures trend velocity and momentum, while it charts the current and historical strength or weakness of the market. It is a much more accurate and vastly superior than the usual RSI.
Trusted Sginals Oscillator
TS Oscillator is our own branded indicator used to measure market momentum and determines whether bullish or bearish trend dominates the market. It measures the market momentum, with the aim to detect potential trend direction. Helping you to identify if the price is high or low in comparison to the recent price behavior.
Outputs: "Strong Bearish ", "Weak Bearish", "Strong Bullish ", "Weak Bullish"
Higher Timeframe Trend is a trend indicator based on our own non-repainting calculation of higher timeframe trend. It is based on a custom method that builds synthetic support and resistance lines from higher time, without repainting, while keeping the output extremely accurate.
Use the link below to obtain access to this indicator
[A618] Liquidity Tracker and Iceberg Detector V2 ProIntroduction
We all know markets and market makers work over liquidity concepts, Liquidity is what makes market cyclic and drives it!
The aim of this experimental Indicator is to identify the liquidation points and levels where the big players are actually playing.
When you’re trading financial markets, liquidity needs to be considered before every position is opened or closed. This is because a lack and increase of liquidity is often associated with increased risk.
You need to be able to put probabilities in your favour, understanding liquidity levels in the market is always a good to know thing for one to judge / estimate whether the market is behaving according to the analysis or not.
How Can you Get this Indicator
Just send me up a private message, (Please use comment box only for constructive comments, and community improvement)
What are icebergs
If you see the DOM data, you will see lots of orders on both side (buyers/sellers), Its just the tip of the iceberg that we are able to see in the order flow, the aim of the iceberg detection concept over here is to estimate when a large order is executed and in what direction.
What is the Use of Trendlines
Trendlines basic configuration is 50 back pivot levels, you can also configure it to 20, 10 depending on how fast you wanna track things
Use trendlines to detect the icebergs happening above and below it conjure it with your study.
Provision for Alerts
You can configure alerts over iceberg detection
Which market it will work and on what timeframes
This indicator will work for any liquid market,
Stocks, forex, Bitcoins etc
Since the order flow dynamics remains pretty much the same everywhere,
For efficient utilisation, use these timeframes
15s, 30s, 1 min, 3 min, 5 min, 15 min, 30 min, 1Hr
Trend SniperThis is a leading indicator showing wave reversal points.
By drawing trendlines on this indicator you can quickly see a break of the trendline before the break on a price chart trendline.
Manually draw trendlines on the indicator to form an uptrend or downtrend.
A break down of the upward trendline gives a sell signal.
A break up of the downward trendline gives a buy signal.
Also included an extra timeframe (Blue Line) to give a bigger perspective from different timeframes. You can choose your own different timeframe that can be lower or higher than your current price chart timeframe.
For example: Place your chart on 1H and draw your trendlines on the indicator. Set the extra timeframe to 4H of 1D to see the overall trend and motion.
By using this indicator the way we suggest, you will be able to get good trend continuation signals
[astropark] I Love GannDear Followers,
yet another great tool! Gann was historically a great trader, who strictly followed his theory and died so rich!
Gann Fan is a great indicator: it draws a series of trendlines from important highs and lows in the chart and, as you will see from the chart itself, price action feels those trendlines, which acts as support and resistance !
Once a trendline is broken up, price tends to go upper to the next one, while the contrary happens when a trendline is broken down.
Here an example on BTCUSD:
Here an example on EURUSD:
This indicator
draws for you the Gann Fan, you don't need to do anything !
works on both cryptocurrencies, stocks and forex charts
works on every timeframe, but I suggest you to use it on high timeframes, where it's more reliable
lets you select the starting and the ending day-time from which and to which you want to see gann fans
lets you make trendlines be drawn dashed if you like, as well as you can edit their width
MKAST V2 (monthly)PLEASE READ THE ENTIRE POST BEFORE PURCHASING & USING THE MKAST Algorithm. Saves you and me some time in emails and messages. :)
This is the NEW MONTHLY ACCESS Version of the MKAST
The MKAST Buy Sell Algorithm is a very specific strategy, cut down to its roots and made perfect for the volatile crypto market.
Many Algorithms focus only on one aspect, one side, one specific rule.
As you know, this is not how life, the market or anything else works.
MKAST combines many different aspects at the same time, scans multiple other Algorithms and comes to a conclusion based on over 1350 lines of code.
It is based on Divergences, Elliott Waves , Ichimoku , MACD , MACD Histogram, RSI , Stoch , CCI , Momentum, OBV, DIOSC, VWMACD, CMF and multiple EMAs.
Every single aspect is weighted into the decision before giving out an indication.
Most buy/sell Algorithms FAIL because they try to apply the same strategy to every single chart, which
are as individual as humans.
To conquer this problem, MKAST has a wide range of settings and variables which can be easily
modified.
To make it a true strategy, MKAST has as well settings for Take Profit Points, Multiple Entries and Stop
Losses. Everything with an Alert Feature of course.
I know from experience that many people take one Algorithm and are simply too LAZY to add multiple Algorithms to make a rational choice.
The result of that is that they lose money, by following blatantly only one Algorithm.
MKAST has additional 9 Indicators, perfect for the crypto market, which can be turned on and off.
Manual
MKAST Signals Settings
“Show Signals?” - On/Off to show the Buy/Sell Signals.
“Aggressiveness” - Increase to make the signals less aggressive and decrease to make them more aggressive.
“Show Custom Signals?” - On/Off to show custom MKAST Signals as chosen in the settings below.
“Custom Buy/Sell Aggressiveness” - Choose a custom Aggressiveness for each buy and sell signal individually.
“TJ-Index Requirement For Buy/Sell” - If the TJ-Index is below the given number, it will show the signal in grey, this also applies for normal signals. Buy 0 and Sell 15 shows all signals in their original colour again.
“Don’t show signals that don’t meet index requirement?” - Checked, it will completely not show signals which would be “grey” as in the explanation above.
“Change Backgroundcolour if index is at 15 or 0?” - Checked, changes the colour of the chart if the index is at 15 or 0 points
MKAST Panel Settings
“Show Info Panel?” - Shows Info Panel on the chart.
“Move Info Panel UP by %” - Moves Info Panel up/down.
“Move Info Panel Left/Right ” - Moves Info Panel Left/Right.
“Show BitMEX Panel?” - Shows BitMEX Panel on the chart.
“Move BitMEX Panel by % ” - Moves BitMEX Panel up/down.
“Move BitMEX Panel Left/Right” - Moves BitMEX Panel Left/Right. “Signal Source” - Choose source of candle open/close for Equity calculation.
“Leverage Used?” - Select the used Leverage for your strategy and Equity calculation.
“Fees Per Trade in % ” - Deducts these fees after each trade from Equity calculation.
“Round Current Profit Price?” - Rounds the number on the Panel. “Trading Periods ” - Choose a trading Period which will be used to calculate Period Equity.
“Show separations of each Trading Period?” - Show separations on the chart of each Trading Period.
The very new feature on Tradingview and obviously now as well on MKAST are Information Panels.
I have chosen to add an Info Panel and a BitMEX Price Panel into MKAST, to make live and even
backtesting easier.
With only one blink of an eye the user is able to see ALL relevant information, without having to go
through various ways of checking and using other tools.
The Info Panel:
The first row shows the current profit. This is calculated since the signal initiation and the current candle close. Followed by a single number, which represents the current TJ-Index, removing the need of having to add the actual TJ-Index Oscillator on the chart.
The second row shows the current position and its status. This was added on request of many users wanting to know if their position is “about to change” or not. The status shows the users if the position is “endangered” or “okay”.
Followed by the “backtesting tool” already included inside the Panel. No need for complex oscillators with a hard reading for backtesting. With this one and simple panel, you see the Period Equity for the period chosen previously in the settings. This calculates all profits made inside that period and re-sets when the period ends. Right next to it, the Total Equity calculating ALL profits since the beginning of the chart.
Right below, you see the information about the last long and short position which have been open. This helps with the evaluation and documentation of the last trade.
The BitMEX Panel:
A convenient panel which shows all BitMEX contracts and their LIVE prices. The need for opening each chart goes away, the quality and experience of trading increases.
MKAST custom Signals are one of the notorious possibilities for ADVANCED strategies with MKAST.
Users who requested these features and use them frequently are the ones, having already a very unique trading strategy and they use these very custom signals as confluence or for multiple entry trades.
These custom signals and their settings can be mostly ignored by the majority of traders who are using this Algorithm.
The idea behind the grey signals has its roots in the idea of the TJ-Index. The TJ-Index being 15 Algorithms and conditions possible showing a bullish or bearish interpretation. The index counts the Algorithms which are showing a bullish interpretation.
Like that we can make sure that signals are shown in the original colour, are only those who have an additional confluence with the TJ-Index, not letting the user buy, if at least the majority is not bullish , and not letting the user sell, if at least the majority is bearish .
The custom buy and sell aggressiveness lets the user customise the MKAST algorithm even more.
Either the users wants to see how signals are changing on a different (slightly lower or higher) aggressiveness, being able to expect a change on their own settings. OR seeing that some signals of the same sort are a little out of place and is able to move these to a different aggressiveness, increasing the profitability even more.
Needless to say, custom signals are NOT a part of the Info Panel.
MKAST Label & Trendline Settings
“Show Labels?” - On/Off to show Labels above each signal, with the percentage gain or loss, calculated from the last signal to the new signal.
“Show Trendlines?” - On/Off to show automatic Trendlines following Gainzy Lines.
“Lookback Length” - Choose a length that the automatic trendiness use for calculation. Comparable to Aggressiveness.
“Wicks//Bodies” - Change between trendiness connecting from wick to wick or from body to body.
“Black lines// Coloured lines” - Change between simply black lines or changing colour lines.
“Filter Trendlines?” - On/Off to show all trendiness or just resistance decreasing and support increasing ones.
“Limit Extensions Of The Lines?” - This value increases by how much the trendiness are being extended. 0 = endless extension, otherwise 100 = maximum custom extension.MKAST Strategy “Take Profit 1” - On/Off to show TP1 points.
“Take Profit After %” - Set the percentage after which TP1 is active.
“Take Profit 2 ” - On/Off to show TP2 points.
“Take Profit 2 After %” - Set the percentage after which TP1 is
active.
“Take Profit 3” - On/Off to show TP3 points.
“Take Profit 3 After %” - Set the percentage after which TP1 is active.
“Second Entry” - On/Off to show Second Entry points.
“Second Entry After %” - Set the percentage after which Second Entry is active.
“Third Entry” - On/Off to show Third Entry points.
“Third Entry After %” - Set the percentage after which Third Entry is active.
“Stop Loss” - On/Off to show Stop Loss points.
“Stop Loss After %” - Set the percentage after which Stop Loss is active.
MKAST Strategy
To make the life of the MKAST user even easier, I have added all adjustable Take Profit Points, Multiple entry points and Stop Loss points.
I have never seen a sustainable and reliable trading strategy without TPs, Multiple entry and especially without a stop loss. Everything in the usual and fully customisable MKAST style.
Simply choose how many Take Profit points you would like to have and choose the percentage after which you would like to see the Take Profit point appear on the chart and notify you to take profits.
Are you a Trader who likes Multiple Entries? Also no problem with MKAST. Select how many additional entries you would like to have and after how many percent you would like them to appear on the chart and remind you of adding to the position.
What would a Strategy be without a Stop Loss? Same settings apply here as on the TPs and MEs .
All of the settings are able to take fractions of a number as well. This enables users to even use all of the strategy settings for scalping or FX pairs, where high leverage and the smallest of moves are used for trading.
Needless to say, all of these settings work on RENKO and Heikin Ashi as well. These might need adjustment, since the calculation is different, yet there is nothing standing in the way of it anymore.
Crypto Modified Indicators
“Show Divergences?” - On/Off to show Divergences on the Chart based on the data of 10 different Algorithms.
“Show Oversold/bought?” - On/Off to change the colour of the chart in Oversold/bought conditions.
“Oversold/bought value?” - Choose a value for which the chart is Oversold/bought.
“Show Fibonacci Levels?” - On/Off to show automatic Fibonacci Levels.
“Fibonacci Lookback Lenght” - This value states how many candles from right now are taken into account to paint the Fibonacci Levels.
“Fibonacci Custom Period” - Choose a custom Timeframe that should be used to paint the Fibonacci Levels.
“2nd-7th Fibonacci Level” - Enter a value for the Fibonacci Levels you would like to use and see on the chart.
“Plot 1.618 Level?” - On/Off for the Fibonacci extension level.
Crypto Modified Indicators
“Show Bands?” - On/Off to show the TJ-Bands on the chart.
“Bands Length” - Choose a value for the TJ-Bands Lenght
“Show Show EMA 1-3?” - On/Off to show the EMAs 1-3 on the chart.
“EMA Lenght 1-3” - Choose a value for the first to third EMA Lenght
“Show Ichimoku? ” - On/Off to show Ichimoku on the chart.
“Show Tenkin?” - On/Off to show Tenkin on the chart. “Tenkin” - Set the lenght of the Tenkin.
“Show Kijun?” - On/Off to show Kijun on the chart.
“Kijun” - Set the lenght of the Kijun.
“Show Senkou?” - On/Off to show the Senkou on the chart. “Senkou” - Set the lenght of the Senkou.
“Displacement” - Set the value of the Displacement.
“Show Chikou Span?” - On/Off to show the Chikou Span on the chart.
Crypto Custom Indicators
In the picture above, you see the first pair of Crypto Custom Indicators. The oversold and overbought conditions are highlighted.
Bullish and Bearish divergences are also plotted on the chart.
This is personally my favourite combination of Indicators and MKAST settings. It shows nicely
everything one needs to know and makes it easier to decide wether to follow a signal or not.
We here as well a perfect example of the Automatic Fibonacci Lines (Lookback 50, Timeframe 1D).
It shows all significant levels, which we can see being respected.
Orange = 23.6%, Green = 38.2%, Red = 50%, Yellow = 61.8%, Blue = 78.6%, White = 0%;100%
In this picture above, we observe the perfect ensemble of MKAST and an EMA strategy, especially modified for crypto markets.
Here, as by default, we have the EMAs at 21, 90 and 200. These have shown to be very significant moving support and resistance points in the crypto market.
In this picture above, I lowered the timeframe to show the highly significant levels of the Ichimoku . It has not the “usual values”. These here have been modified for the volatile crypto market and set as default.
An incredibly powerful tool for anyone who is ready to step up their trading game. It is a huge part of the MKAST back end and the strategy behind it.
MKAST Custom Alerts
1
MKAST without any doubt has Custom Alerts for all Signals that it is painting on the chart.
One can even choose to receive custom notifications for Take Profit points, Multiple Entry points and
the Stop Loss points.
The signals appear on the chart DURING the candle, not at the end of the candle. Therefore, the
alerts do this as well. These appear during the candle.
Here we can see all of the possible Alerts that can be chosen to be displayed. In total it is 14 different custom alerts, based on what the trader is looking for and how he is trading.
Personally, I have 10-15 coins that I trade the most and for these I have custom notifications, mostly though only the MKAST Buy/Sell and Stop Loss Signals.
To activate Alerts for MKAST,
1) Go to the “ALERT” icon on the top tool bar of your Tradingview.
2) Select “CONDITION” as “—MKAST—“
3) Then choose ONE condition from the list of conditions.
4) On “OPTIONS” you can set how many times it appears, I have “Once per Bar”.
4.1) If you want to make sure that the signal is truly there and not just a condition for a second during the candle, choose “ONCE PER BAR CLOSE”.
5) “Expiration Time” sets the time until the alert expires. PRO users have no expiration for alerts.
6) “Alert Actions” give you a row of choices what happens and how you want to be notified.
7) “Message” is the message that you receive inside the notification.
Thank you, Kong
MKAST V2 (lifetime)PLEASE READ THE ENTIRE POST BEFORE PURCHASING & USING THE MKAST Algorithm. Saves you and me some time in emails and messages. :)
This is the NEW LIFETIME ACCESS Version of the MKAST
The MKAST Buy Sell Algorithm is a very specific strategy, cut down to its roots and made perfect for the volatile crypto market.
Many Algorithms focus only on one aspect, one side, one specific rule.
As you know, this is not how life, the market or anything else works.
MKAST combines many different aspects at the same time, scans multiple other Algorithms and comes to a conclusion based on over 1350 lines of code.
It is based on Divergences, Elliott Waves, Ichimoku, MACD, MACD Histogram, RSI, Stoch, CCI, Momentum, OBV, DIOSC, VWMACD, CMF and multiple EMAs.
Every single aspect is weighted into the decision before giving out an indication.
Most buy/sell Algorithms FAIL because they try to apply the same strategy to every single chart, which
are as individual as humans.
To conquer this problem, MKAST has a wide range of settings and variables which can be easily
modified.
To make it a true strategy, MKAST has as well settings for Take Profit Points, Multiple Entries and Stop
Losses. Everything with an Alert Feature of course.
I know from experience that many people take one Algorithm and are simply too LAZY to add multiple Algorithms to make a rational choice.
The result of that is that they lose money, by following blatantly only one Algorithm.
MKAST has additional 9 Indicators, perfect for the crypto market, which can be turned on and off.
Manual
MKAST Signals Settings
“Show Signals?” - On/Off to show the Buy/Sell Signals.
“Aggressiveness” - Increase to make the signals less aggressive and decrease to make them more aggressive.
“Show Custom Signals?” - On/Off to show custom MKAST Signals as chosen in the settings below.
“Custom Buy/Sell Aggressiveness” - Choose a custom Aggressiveness for each buy and sell signal individually.
“TJ-Index Requirement For Buy/Sell” - If the TJ-Index is below the given number, it will show the signal in grey, this also applies for normal signals. Buy 0 and Sell 15 shows all signals in their original colour again.
“Don’t show signals that don’t meet index requirement?” - Checked, it will completely not show signals which would be “grey” as in the explanation above.
“Change Backgroundcolour if index is at 15 or 0?” - Checked, changes the colour of the chart if the index is at 15 or 0 points
MKAST Panel Settings
“Show Info Panel?” - Shows Info Panel on the chart.
“Move Info Panel UP by %” - Moves Info Panel up/down.
“Move Info Panel Left/Right ” - Moves Info Panel Left/Right.
“Show BitMEX Panel?” - Shows BitMEX Panel on the chart.
“Move BitMEX Panel by % ” - Moves BitMEX Panel up/down.
“Move BitMEX Panel Left/Right” - Moves BitMEX Panel Left/Right. “Signal Source” - Choose source of candle open/close for Equity calculation.
“Leverage Used?” - Select the used Leverage for your strategy and Equity calculation.
“Fees Per Trade in % ” - Deducts these fees after each trade from Equity calculation.
“Round Current Profit Price?” - Rounds the number on the Panel. “Trading Periods ” - Choose a trading Period which will be used to calculate Period Equity.
“Show separations of each Trading Period?” - Show separations on the chart of each Trading Period.
The very new feature on Tradingview and obviously now as well on MKAST are Information Panels.
I have chosen to add an Info Panel and a BitMEX Price Panel into MKAST, to make live and even
backtesting easier.
With only one blink of an eye the user is able to see ALL relevant information, without having to go
through various ways of checking and using other tools.
The Info Panel:
The first row shows the current profit. This is calculated since the signal initiation and the current candle close. Followed by a single number, which represents the current TJ-Index, removing the need of having to add the actual TJ-Index Oscillator on the chart.
The second row shows the current position and its status. This was added on request of many users wanting to know if their position is “about to change” or not. The status shows the users if the position is “endangered” or “okay”.
Followed by the “backtesting tool” already included inside the Panel. No need for complex oscillators with a hard reading for backtesting. With this one and simple panel, you see the Period Equity for the period chosen previously in the settings. This calculates all profits made inside that period and re-sets when the period ends. Right next to it, the Total Equity calculating ALL profits since the beginning of the chart.
Right below, you see the information about the last long and short position which have been open. This helps with the evaluation and documentation of the last trade.
The BitMEX Panel:
A convenient panel which shows all BitMEX contracts and their LIVE prices. The need for opening each chart goes away, the quality and experience of trading increases.
MKAST custom Signals are one of the notorious possibilities for ADVANCED strategies with MKAST.
Users who requested these features and use them frequently are the ones, having already a very unique trading strategy and they use these very custom signals as confluence or for multiple entry trades.
These custom signals and their settings can be mostly ignored by the majority of traders who are using this Algorithm.
The idea behind the grey signals has its roots in the idea of the TJ-Index. The TJ-Index being 15 Algorithms and conditions possible showing a bullish or bearish interpretation. The index counts the Algorithms which are showing a bullish interpretation.
Like that we can make sure that signals are shown in the original colour, are only those who have an additional confluence with the TJ-Index, not letting the user buy, if at least the majority is not bullish, and not letting the user sell, if at least the majority is bearish.
The custom buy and sell aggressiveness lets the user customise the MKAST algorithm even more.
Either the users wants to see how signals are changing on a different (slightly lower or higher) aggressiveness, being able to expect a change on their own settings. OR seeing that some signals of the same sort are a little out of place and is able to move these to a different aggressiveness, increasing the profitability even more.
Needless to say, custom signals are NOT a part of the Info Panel.
MKAST Label & Trendline Settings
“Show Labels?” - On/Off to show Labels above each signal, with the percentage gain or loss, calculated from the last signal to the new signal.
“Show Trendlines?” - On/Off to show automatic Trendlines following Gainzy Lines.
“Lookback Length” - Choose a length that the automatic trendiness use for calculation. Comparable to Aggressiveness.
“Wicks//Bodies” - Change between trendiness connecting from wick to wick or from body to body.
“Black lines// Coloured lines” - Change between simply black lines or changing colour lines.
“Filter Trendlines?” - On/Off to show all trendiness or just resistance decreasing and support increasing ones.
“Limit Extensions Of The Lines?” - This value increases by how much the trendiness are being extended. 0 = endless extension, otherwise 100 = maximum custom extension.MKAST Strategy “Take Profit 1” - On/Off to show TP1 points.
“Take Profit After %” - Set the percentage after which TP1 is active.
“Take Profit 2 ” - On/Off to show TP2 points.
“Take Profit 2 After %” - Set the percentage after which TP1 is
active.
“Take Profit 3” - On/Off to show TP3 points.
“Take Profit 3 After %” - Set the percentage after which TP1 is active.
“Second Entry” - On/Off to show Second Entry points.
“Second Entry After %” - Set the percentage after which Second Entry is active.
“Third Entry” - On/Off to show Third Entry points.
“Third Entry After %” - Set the percentage after which Third Entry is active.
“Stop Loss” - On/Off to show Stop Loss points.
“Stop Loss After %” - Set the percentage after which Stop Loss is active.
MKAST Strategy
To make the life of the MKAST user even easier, I have added all adjustable Take Profit Points, Multiple entry points and Stop Loss points.
I have never seen a sustainable and reliable trading strategy without TPs, Multiple entry and especially without a stop loss. Everything in the usual and fully customisable MKAST style.
Simply choose how many Take Profit points you would like to have and choose the percentage after which you would like to see the Take Profit point appear on the chart and notify you to take profits.
Are you a Trader who likes Multiple Entries? Also no problem with MKAST. Select how many additional entries you would like to have and after how many percent you would like them to appear on the chart and remind you of adding to the position.
What would a Strategy be without a Stop Loss? Same settings apply here as on the TPs and MEs.
All of the settings are able to take fractions of a number as well. This enables users to even use all of the strategy settings for scalping or FX pairs, where high leverage and the smallest of moves are used for trading.
Needless to say, all of these settings work on RENKO and Heikin Ashi as well. These might need adjustment, since the calculation is different, yet there is nothing standing in the way of it anymore.
Crypto Modified Indicators
“Show Divergences?” - On/Off to show Divergences on the Chart based on the data of 10 different Algorithms.
“Show Oversold/bought?” - On/Off to change the colour of the chart in Oversold/bought conditions.
“Oversold/bought value?” - Choose a value for which the chart is Oversold/bought.
“Show Fibonacci Levels?” - On/Off to show automatic Fibonacci Levels.
“Fibonacci Lookback Lenght” - This value states how many candles from right now are taken into account to paint the Fibonacci Levels.
“Fibonacci Custom Period” - Choose a custom Timeframe that should be used to paint the Fibonacci Levels.
“2nd-7th Fibonacci Level” - Enter a value for the Fibonacci Levels you would like to use and see on the chart.
“Plot 1.618 Level?” - On/Off for the Fibonacci extension level.
Crypto Modified Indicators
“Show Bands?” - On/Off to show the TJ-Bands on the chart.
“Bands Length” - Choose a value for the TJ-Bands Lenght
“Show Show EMA 1-3?” - On/Off to show the EMAs 1-3 on the chart.
“EMA Lenght 1-3” - Choose a value for the first to third EMA Lenght
“Show Ichimoku? ” - On/Off to show Ichimoku on the chart.
“Show Tenkin?” - On/Off to show Tenkin on the chart. “Tenkin” - Set the lenght of the Tenkin.
“Show Kijun?” - On/Off to show Kijun on the chart.
“Kijun” - Set the lenght of the Kijun.
“Show Senkou?” - On/Off to show the Senkou on the chart. “Senkou” - Set the lenght of the Senkou.
“Displacement” - Set the value of the Displacement.
“Show Chikou Span?” - On/Off to show the Chikou Span on the chart.
Crypto Custom Indicators
In the picture above, you see the first pair of Crypto Custom Indicators. The oversold and overbought conditions are highlighted.
Bullish and Bearish divergences are also plotted on the chart.
This is personally my favourite combination of Indicators and MKAST settings. It shows nicely
everything one needs to know and makes it easier to decide wether to follow a signal or not.
We here as well a perfect example of the Automatic Fibonacci Lines (Lookback 50, Timeframe 1D).
It shows all significant levels, which we can see being respected.
Orange = 23.6%, Green = 38.2%, Red = 50%, Yellow = 61.8%, Blue = 78.6%, White = 0%;100%
In this picture above, we observe the perfect ensemble of MKAST and an EMA strategy, especially modified for crypto markets.
Here, as by default, we have the EMAs at 21, 90 and 200. These have shown to be very significant moving support and resistance points in the crypto market.
In this picture above, I lowered the timeframe to show the highly significant levels of the Ichimoku. It has not the “usual values”. These here have been modified for the volatile crypto market and set as default.
An incredibly powerful tool for anyone who is ready to step up their trading game. It is a huge part of the MKAST back end and the strategy behind it.
MKAST Custom Alerts
1
MKAST without any doubt has Custom Alerts for all Signals that it is painting on the chart.
One can even choose to receive custom notifications for Take Profit points, Multiple Entry points and
the Stop Loss points.
The signals appear on the chart DURING the candle, not at the end of the candle. Therefore, the
alerts do this as well. These appear during the candle.
Here we can see all of the possible Alerts that can be chosen to be displayed. In total it is 14 different custom alerts, based on what the trader is looking for and how he is trading.
Personally, I have 10-15 coins that I trade the most and for these I have custom notifications, mostly though only the MKAST Buy/Sell and Stop Loss Signals.
To activate Alerts for MKAST,
1) Go to the “ALERT” icon on the top tool bar of your Tradingview.
2) Select “CONDITION” as “—MKAST—“
3) Then choose ONE condition from the list of conditions.
4) On “OPTIONS” you can set how many times it appears, I have “Once per Bar”.
4.1) If you want to make sure that the signal is truly there and not just a condition for a second during the candle, choose “ONCE PER BAR CLOSE”.
5) “Expiration Time” sets the time until the alert expires. PRO users have no expiration for alerts.
6) “Alert Actions” give you a row of choices what happens and how you want to be notified.
7) “Message” is the message that you receive inside the notification.
Thank you, Kong
Auto Trend Lines [Anan]Hello Friends..
This is Auto Trend Lines, A script that draws trendlines from the pivot points in the price chart,,
So helpful and smart !
Play with the options to adjust the precision.
This is my simple edition from " Trendlines - JD "
NIBIRU SUPPORT AND RESISTANCEThe Nibiru Support and Resistance Indicator is set of visual tools providing better trading experience. It is based on the classics of trading: horizontal trend lines and moving averages. It's main feature are automated support and resistance lines defining the main trading range and market structure, making it a superior tool to trade based on horizontal trend lines .
The set of moving averages along with entry and stop loss levels allows for easier risk management with trending strategies.
What does it plot?
Automatic horizontal support and resistance levels
Main and local trading ranges
Four moving averages with adjustable types and periods
Entry and stop-loss level hints for trending strategy
Pivot points based on candle patterns
London, New York and Tokyo trading sessions indication based on exchange time
Visual indication of current trend strength
Indicator components:
Horizontal trendlines
Main trading range – dictating general price structure
Local trading range – indicating current trading cluster
Fibonacci trendlines – Fibonacci based trendlines dividing main trading range into tradeable support and resistance lines
Fibonacci extensions of main trading range – for price trending out of main range it gives potential take profit levels by extending the range by selected Fibonacci ratio
Moving Averages
MA 1 – fastest moving average for trending strategy entries. In addition this moving average provides color based information on current short term trend:
Green – uptrend
Red – downtrend
Gray - indecision
MA 2 – slower moving average for trending strategy risk management
MA 3 and MA 4 – main trend change and support/resistance zone
Entry/Stop Loss hints
Entry dots – early entry for moving average trending strategy
Stop Loss (SL) dots – safe SL levels providing at least 1:2 RR setups at entry point
Pivot Points (beta) - Hints of potential short term trend reversals based on candle setups and patterns. Early beta, currently in testing–improvements and more patterns to be added.
Sessions - Indicating main trading sessions. This is a very important tool for trading traditional and OTC markets like forex. Knowing when money comes in and out of the market during the trading-day is crucial, because liquidity and volatility is the bread and butter for a consistently profitable trader. Due to limitations, this indicator is based on the exchange time zone. In the near future we will add a time offset option to fine tune to the time zone of the exchange you are trading on. Sessions are visible on all time frames below 4H.
The Nibiru Support and Resistance Indicator works on all assets that provide trading volume and all time frames.
Use the link below or PM me to gain access to the indicator.
Noro's SILA v1.2Noro's SILA v1.2 - these are 5 trend indicators in 1, for the sake of better accuracy.
Added:
1) Settings
2) Arrows
Noro's SILA v1.2 uses 5 trend indicators:
1) SuperTrend
2) DI Plus-Minus
3) WOW trend indicator (my idea)
4) BarColor indicator (my idea)
5) BestMA (or "BMA") indicator (my idea)
The user can switch-off any indicator from 5 to achieve big accuracy.
How does it work?
Each indicator from 5 defines a trend in own way. If two indicators report that there will be a uptrend, and three others the indicator report that there will be a downtrend - it is downtrend (a red background).
For an example
Now SuperTrend = uptrend = +1
Now DI Plus-Minus = downtrend = -1
Now WOW trend indicator = downtrend = -1
Now BarColor indicator = downtrend = -1
Now BestMA (or "BMA") indicator = uptrend = +1
Sum = + 1 - 1 - 1 - 1 + 1 = -1 = downtrend
If sum > 0 = uptrend
Sensivity
The user himself chooses what there will be a sensitivity (in settings).
If sensivity = 3:
sum > or = 3 - uptrend
sum < or = -3 - downtrend
sum > -3 and < 3 - NA-color of background
Trendlines
3 lower trendlines (blue plots) is "sum+3"
5 upper trendlines is "sum-5"
etc
Settings:
1) sensivity - you see above
2) distance - distance between the price and lines (for convenience)
EMA ZONE MASTER [By TraderMan]🟢 EMA Zone Master Indicator Explanation 🚀
🌟 What is the EMA Zone Master?
The EMA Zone Master is a powerful TradingView Pine Script indicator designed to help traders identify trends, entry points, and manage trades with precision. It leverages a 200-period EMA (Exponential Moving Average) to create a dynamic zone for spotting bullish 📈 and bearish 📉 trends. The indicator provides clear buy/sell signals, take-profit (TP) levels, and stop-loss (SL) levels, making it ideal for both novice and experienced traders! 💪
🔍 How Does It Work?
The indicator uses the 200-period EMA as its core, surrounded by a zone defined by a percentage offset (default 0.3%). Here's how it operates:
Trend Detection 🧠:
The price's position relative to the EMA zone determines the trend:
Above the zone (with tolerance and minimum distance) signals a bullish trend (BUY 📈).
Below the zone signals a bearish trend (SELL 📉).
A neutral trend occurs when the price is within the zone or lacks momentum.
A trend is confirmed after a set number of bars (default 3) to filter out noise. 🔎
Trade Signals 🚦:
Buy Signal: Triggered when the price breaks above the EMA zone with confirmation.
Sell Signal: Triggered when the price breaks below the EMA zone with confirmation.
Signals are visualized with labels ("BUY" or "SELL") on the chart for clarity. ✅
Position Management 🎯:
Entry Price: Set at the closing price when a signal is triggered.
Take-Profit Levels: Three TP levels (TP1, TP2, TP3) are calculated based on a Risk/Reward Ratio (default 0.7).
Stop-Loss: Calculated using the ATR (Average True Range) with a multiplier (default 6.0) for volatility-based protection. 🛡️
Lines and labels for entry, TP, and SL are drawn on the chart for easy tracking.
Trend Strength 💪:
The indicator calculates trend strength (0-100%) and categorizes it as Very Strong, Strong, Moderate, Weak, or Very Weak. This helps gauge the reliability of the trend. 🌡
Analysis Comment 📝:
A dynamic comment provides professional insights based on trend strength, guiding traders on whether to act or wait. 🧑💼
Visuals & Alerts 🔔:
The EMA, zone boundaries, and candlestick colors change based on the trend (green for bullish, red for bearish, gray for neutral).
A table in the top-right corner summarizes key data: trend direction, strength, entry price, TP/SL levels, and success rate.
Alerts are generated with detailed trade information when a new signal appears.
🛠 How to Use It?
Setup on TradingView ⚙️:
Add the EMA Zone Master to your chart via the TradingView Pine Script editor.
Customize settings like EMA Length (default 200), Zone Width (0.3%), ATR Period (50), and Risk/Reward Ratio (0.7) to suit your trading style. 🛠
Interpreting Signals 📊:
Buy Signal (AL): Look for a "BUY" label and green candlesticks when the price breaks above the EMA zone. 📈
Sell Signal (SAT): Look for a "SELL" label and red candlesticks when the price breaks below the EMA zone. 📉
Check the table for trend strength and analysis comments to confirm the signal's reliability.
Opening a Position 💸:
Long Position: Enter a buy trade when a "BUY" signal appears. Set your take-profit at TP1, TP2, or TP3 and stop-loss at the SL level shown on the chart.
Short Position: Enter a sell trade when a "SELL" signal appears. Use the TP and SL levels provided.
The indicator automatically plots these levels as lines and labels for easy reference. 🎯
Managing Trades 🕒:
Monitor the trade's progress via the table and labels.
The indicator tracks if TP1, TP2, or TP3 is hit or if the trade stops out, updating the Last Result in the table (e.g., "✅ TP1 SUCCESS" or "❌ STOPPED OUT").
Use the Success Rate (displayed in the table) to gauge historical performance (75% for BUY, 65% for SELL, 50% for NEUTRAL).
Using Alerts 🔔:
Set up alerts in TradingView to receive notifications when a buy or sell signal is triggered.
The alert message includes the trend, strength, entry price, TP/SL levels, success rate, and analysis comment for quick decision-making.
📈 How to Open a Position?
Wait for a Signal: Ensure a "BUY" or "SELL" label appears, and the trend strength is at least Moderate (40%+) for higher confidence. ✅
Check the Table: Review the trend direction, strength, and analysis comment to confirm the trade setup. 📊
Enter the Trade:
For a Buy: Enter at the entry price shown, set TP1/TP2/TP3 and SL as indicated by the lines/labels.
For a Sell: Same process, but for a short position.
Monitor: Watch for TP or SL hits. The indicator will update the table with the result (e.g., "✅ TP3 SUCCESS"). 🕒
Risk Management: Always adhere to the stop-loss level to limit losses, and consider partial profit-taking at TP1 or TP2 for safer trading. 🛡️
🎉 Why Use EMA Zone Master?
Clear Signals: Easy-to-read buy/sell signals with visual cues. 🚦
Automated Levels: Pre-calculated TP and SL levels save time and reduce errors. 🧮
Trend Strength Insight: Helps avoid weak trends and focus on high-probability setups. 💪
Professional Analysis: Dynamic comments guide your trading decisions. 🧑💼
Customizable: Adjust settings to match your trading style or market conditions. ⚙️
Alert System: Stay informed with detailed alerts for timely action. 🔔
⚠️ Tips for Success
Confirm with Other Tools: Use additional indicators (e.g., RSI, MACD) to validate signals. 🔍
Test First: Backtest the indicator on your preferred market/timeframe to understand its performance. 📉
Risk Management: Always use proper position sizing and respect stop-loss levels. 🛑
Higher Timeframes: The indicator works best on higher timeframes (e.g.,15MİN, 1H, 4H, Daily) for stronger signals. ⏰
Happy trading with EMA Zone Master! 🚀 Let it guide you to smarter, more confident trades. 💰 Feel free to tweak settings and share your results! 😊
TrendLine CrossThis indicator "TrendLine Cross", is designed to plot trend lines so you can spot potential trend reversal points on the charts. The main function is to draw several lines on the chart and identify the crossings between these lines, which can be significant indicators for trading. The lines are based on different periods which can be changed in the settings tabs.
Let's see the characteristics of the trend lines:
_Low Line Color(Green Line): This line connects the lowest point of low prices in the "low_time" period with the lowest point of low prices in the "high_time" period. Indicates a possible short-term support level on the chart.
_Liquidity Up Line Color (Golden Line): This line connects the lowest point of low prices in the "low_time" period with the highest point of low prices in the same period. It represents a liquidity zone and an important resistance in the chart.
_Lower Line Color (Blue Line): This horizontal line connects the lowest point of low prices in the "LowerLine_period" with the lowest point of low prices in the "high_time" period. Indicates a possible long-term support level.
_Upper Line Colorr: This line represents a connection between the highest points of the "high_time" period and the lowest point of the "LowerLine_period". Indicates a possible long-term resistance level.
_Up Line Color (Red Line): This line connects the highest point of high prices in the "high_time" period with the highest point of high prices in the "LowerLine_period". It represents a possible long-term resistance level.
_Liquidity Down Line Color(Golden Line): This line connects the highest point of high prices in the "high_time" period with the highest point of low prices in the "low_time" period. It represents a liquidity point and an important support zone.
The indicator becomes particularly interesting when the lines make crossings. These crossovers could suggest a potential trend change in the market. For example:
Change from Bearish to Bullish: If the "long-term" line (black) crosses the "short- or long-term" line (green or blue) from top to bottom, it could indicate a shift from a bearish to a bullish market , suggesting the opportunity for long positions.
_Changing from Bullish to Bearish: If the "long-term" line (blue) crosses the "short-term" line (red or black) from bottom to top, it could indicate a shift from a bullish to a bearish market, suggesting the opportunity for short positions.
Generally speaking, crossings between these lines can be key points of interest for traders, as they can signal significant changes in price direction.
Pivot Point Trend LineThis Indicator simply draw lines between high pivot points and low points.
in the code by default its used tradingview default ta.pivothigh and ta.pivotlow function to get the high and low points.
it will generate recent 4 lines of high and low pivot points.
you can change the no of days for both highs and lows pivot points.
this script is not generating any buy or sell signals its just autodraw and connect 2 pivot points. so you dont have to do it manually.
Donchian Channels [Gu5]█ OVERVIEW
I changed the design of the classic indicator "Donchian Channels", for easy reading.
█ CONCEPTS
Donchian Channels is an indicator made up of upper and lower bands around a mid-band or Basis.
The upper band marks the highest price of a security for N periods, while the lower band marks the lowest price of a security for N periods. The area between the upper and lower bands.
In this version, when there are new Higher High (HH), the trend is Bullish and the channel is painted green.
When there are new Lower Low (LL), the trend is Bearish and the channel is painted Red
█ OTHER SECTIONS
A plus in this script: When there are no new highs or new lows, there is no certain trend
The channel is painted yellow
www.tradingview.com
• HOW TO USE
Menu "Display"
• '■ Basis On/Off': Shows the midline Basis
• '■ Alert On/Off': Shows alerts labels
• '■ Fill On/Off': Paint the entire channel the color of the trend
• '■ Bar Color On/Off': Paint the candle the color of the trend
• '■ Close Alert On/Off': Shows alerts end of trend
• NOTES:
This code was written using the recommendations from the Pine Script™ User Manual's Style Guide
• RAMBLINGS:
You can use the "Basis" line as Trailing Stop.
• THANKS:
Donchian Channels developed by Richard Donchian
and many MANY thanks to @PineCoders
Faytterro Market Structerethis indicator creates the market structure with a little delay but perfectly. each zigzag is always drawn from highest to lowest. It also signals when the market structure is broken. signals fade over time.
The table above shows the percentage distance of the price from the last high and the last low.
zigzags are painted green when making higher peaks, while lower peaks are considered downtrends and are painted red. In fact, the indicator is quite simple to understand and use.
"length" is used to change the frequency of the signal.
"go to past" is used to see historical data.
Please review the examples:
