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[AlbaTherium] MTF External Ranges Analysis - ERA-Orion for SMC MTF External Ranges Analysis - ERA - Orion for Smart Money Concepts Introduction: The MTF External Ranges Analysis - ERA - Orion offers enhanced insights into multi-timeframe external structure points, swing structure points, POIs (Points of Interest), and order blocks (OB) . By incorporating this enhancement, your multi-timeframe analysis are streamlined, simplifying the process and reducing chart workload, no need for manual chart drawing anymore, stay focus on Low Time Frame and get High Time Frame insights in one single Time frame. This identification process remains effective even when focusing on Lower Time Frames (LTF), providing detailed insights without sacrificing the broader market perspective. The MTF External Ranges Analysis - ERA – Orion is specifically designed to be used in conjunction with OptiStruct™ Premium for Smart Money Concepts . This strategic combination enhances the workflow of identifying optimal entry points. OptiStruct acts as the analysis tool for Lower Time Frames (LTF), zeroing in on immediate interest areas, while Orion expands this analysis to Higher Time Frames (HTF), providing a broader view of market trends and importants key levels . The integration of Orion with OptiStruct seamlessly merges LTF and HTF analyses, ensuring a thorough understanding of market dynamics for informed and strategic decision-making. This toolkit in one package assembly is pivotal for traders relying on Smart Money Concepts, offering unmatched clarity and actionable insights to navigate the markets effectively. This tool offers an advanced smart money technical analysis to improve your trading experience. It introduces four key concepts: Main Features: Entries Enhancements Inducements HTF High/Low Markings HTF Multiple Timeframes and Confluences on Extreme, Dec and SMT Order Blocks By integrating these concepts into one, traders can identify high-probability zones across multiple timeframes and develop a thorough understanding of market dynamics. These confluence zones enhance order block skills and potential, establishing them as essential pillars in smart money trading strategies and enabling traders to make more informed decisions. Settings Overview: HTF Settings Enable HTF Analysis Select timeframe {Select or 4H Chart} Labels Alignment for Lines and Boxes Inside bar ranges HTF Break of Structure /Change of Character HTF Inducements HTF High/Low Markings HTF High/Low Sweeps HTF Extreme Order Blocks HTF Decisional Order Blocks HTF Smart Money Traps HTF IDM Demands and Supplies HTF Historical Order Blocks HTF OB Mitigation HTF {touch/ extended} Understanding the Features: Chapter 1: Entries Enhancements In this chapter, we delve into strategies to refine trading entries, focusing on the multi-timeframe analysis of extreme or decisional order blocks in the High Time Frame timeframe as a key point of interest. We highlight the significance of transitioning to the Low Time Frame chart for observing pivotal shifts in market behavior. By examining these concepts, traders can gain deeper insights into market dynamics and make more informed entries decisions at critical junctures. Practical Example: We had an Order Block Extreme on the 1-hour timeframe, and currently, we are on the recommended chart for trade entry, which is the 5-minute timeframe. We are patiently waiting to observe a 5-minute ChoCh in the market to enter a buying position since it's an OB Extreme Demand on the 1-hour timeframe. Here, it's crucial and important to focus on the entry timeframe rather than checking what's happening in the higher timeframe. The indicator facilitates this task as it provides us with real-time perspective and visibility of everything happening in the higher timeframe. Chapter 2: Inducements HTF It is important and useful to be aware of the various liquidity points across the different timeframes we use; sometimes, a reliable entry point in the Lower Time Frame (LTF) may be surrounded by inducements. Consequently, this point becomes unreliable, and prior to the arrival of this functionality, such anomalies could not be detected, especially when focusing on the market in the LTF. From now on, there will be no more such issues. Practical Example: Suppose we identify an Order Block Extreme on the 5M timeframe, indicating a potential entry level. However, when we switch to the 5M timeframe to look for an entry point, we observe an accumulation of inducements around this Order Block coming from a higher timeframe, whether it's M15 or H1. This suggests a potential weakness in the entry point and significant market liquidity, which will act as a trap zone. Before the introduction of this feature, we might have missed this crucial observation, but now we can detect these anomalies and adjust our strategy accordingly. The only practical way to see theses confluences is to use this Indicator, see the example below Chapter 03: High/Low – Bos - ChoCh Markings HTF The High/Low Markings HTF feature in the MTF External Ranges Analysis - ERA - Orion provides a comprehensive view into the market's heartbeat across different timeframes, right from within the convenience of the Lower Time Frame (LTF). It meticulously highlights pivotal shifts, allowing traders to seamlessly discern market sentiment and anticipate potential price reversals without needing to toggle between multiple charts. This innovation ensures that critical market movements and sentiment across various timeframes are visible and actionable from a single, focused LTF perspective, enhancing decision-making and strategic planning in trading activities. Understanding High/Low Markings in HTF Analysis High/Low Markings in High Time Frame (HTF) analysis mark the market's extremities within a given period, pinpointing potential areas for reversals or continuation and delineating crucial support and resistance levels. These markings are not arbitrary but represent significant market responses, serving as essential indicators for traders and analysts to gauge market momentum and sentiment. The Role of HTF in Market Analysis HTF analysis extends a comprehensive view over market movements, distinguishing between ephemeral fluctuations and substantial trend shifts. By scrutinizing these high and low points across wider time frames, analysts can unravel the underlying market momentum, enabling more strategic, informed trading decisions. Identifying High/Low Markings Identifying these crucial points entails detailed chart analysis over extended durations—daily, weekly, or monthly. The search focuses on the utmost highs and lows within these periods, which are more than mere points on a chart. They are significant market levels that have historically elicited robust market reactions, serving as key indicators for future market behavior. Real-world Example: Chapter 04: Multiple Timeframes and Confluences on Extreme, Dec and SMT Order Blocks Across HTF The Orion indicator serves as a bridge between the multiple dimensions of the market, enabling a unified and strategic interpretation of potential movements. It's an indispensable tool for those seeking to capitalize on major opportunity zones, where the convergence of diverse perspectives creates ideal conditions for significant market movements. Designed to navigate through the data of different timeframes and market analysis, Orion provides a clear and consolidated view of major points of interest. With this indicator, traders can not only spot opportunity zones where consensus is strongest but also adjust their strategies based on the dynamic interaction of various market participants, all while remaining within the Lower Time Frame (LTF). Conclusion: MTF External Ranges Analysis - ERA - Orion for Smart Money Concepts as “ The Orion ” indicator captures consensus among scalpers, day traders , swing traders, and investors, turning key areas into major opportunities. It allows for precise identification of areas of interest by analyzing the convergence of actions from various market participants. In short, Orion is crucial for detecting and leveraging the most promising points of convergence in the market. This identification occurs even while focusing on Lower Time Frames (LTF), allowing for detailed insights without losing the broader market perspective. This document provides an extensive overview of MTF External Ranges Analysis - ERA - Orion , emphasizing its importance in comprehending market dynamics and utilizing essential smart money concepts trading principles.
Indicador Pine Script®
por AlbaTherium
1
[AlbaTherium] MTF Internal Ranges Analysis - IRA-Phoenix for SMCIntroduction: The MTF Internal Ranges Analysis - IRA - Phoenix acts as an extension to the original main SMC Indicator by AlbaTherium . This add-on provides insights into multi-timeframe internal structure points, swing structure points, POIs (Points of Interest), and order blocks (OB). By integrating this enhancement, your multi-timeframe analyses become more streamlined, expediting the process and minimizing chart workload . This tool represents an advanced smart money technical analysis aimed at enhancing your trading experience. It introduces four pivotal concepts: Main Features: Multiple Timeframes and Confluences, SCOB Internal Order Block. Demand to Supply (D2S) or Supply to Demand (S2D) across Multiple timeframes SCOB on LTF and SCM on HTF across same Candle By combining these concepts all in one, traders can find confluences zones across multiple timeframes and gain a comprehensive understanding of market dynamics, theses confluences zones empower order block skills and potentiality, showcasing them as essential, crucial, powerful, strategic, and pivotal, one of the pillars in smart money concepts trading strategy to make more informed decisions. Settings Overview: Select timeframe {Select or current chart} Inside bar ranges Internal structure as Internal zigzag {turn on/ off / unconfirmed(live) zigzag} Single Candle Mitigation Pattern {turn on/ off / confirmed / unconfirmed} Single Candle Order Block Pattern {turn on/ off / confirmed / unconfirmed} Demands and Supplies (D&S) {turn on/ off / confirmed / unconfirmed} OB Mitigation {touch/ extended} Understanding the Features: Chapter 1: Multiple Timeframes and Confluences Our Multi-timeframe analysis approach enables traders to analyze market trends and volatility across different timeframes. Confluences, where signals align across multiple timeframes, provide strong indications for trading opportunities. Practical Example: - With MTF IRA - Phoenix , traders can seamlessly transition between different timeframes while maintaining a cohesive analysis. For instance, traders can monitor the M15, H1, or M5 charts while focusing on entry on the M1 timeframe, enabling a holistic view of market trends and opportunities . Chapter 2: SCOB Internal Order Block across Multiple Timeframe SCOB Internal Order Block (SCOB IOB) highlights critical zones in price action, showcasing the dominance of aggressive buyers or sellers on orders blocks. As confluences accumulate across multiple timeframes, the strength of the order block intensifies, presenting entry opportunities. Practical Example: You have the ability to detect zones where price ranges have formed; these areas are highly sought after for taking buying as well as selling positions, especially when these areas are reflected across 1 or 3 timeframes. The only practical way to see theses confluences is to use this Indicator, see the example below Chapter 03: Demand to Supply (D2S) or Supply to Demand (S2D) across Multiple timeframes The Demand to Supply or Supply to Demand feature within MTF Internal Ranges Analysis - IRA - Phoenix offers a nuanced analysis of price action dynamics across various timeframes. By identifying shifts in supply and demand zones, traders gain valuable insights into market sentiment and potential price reversals. This feature enables traders to anticipate changes in market direction by recognizing the interplay between demand and supply across different timeframes. By understanding how price reacts at key support and resistance levels, traders can make informed decisions and capitalize on emerging trends. The Demand to Supply or Supply to Demand feature enhances the indicator's usefulness by providing traders with actionable information to navigate complex market conditions effectively. With this comprehensive analysis, traders can better manage risk and optimize trading strategies across multiple timeframes. Real-world Example: Chapter 04: SCOB on LTF and SCM on HTF across same Candle with MTF Internal Ranges Analysis - IRA - Phoenix , explores the concepts of SCOB (Single Candle Order Block) on Lower Timeframes (LTF) and SCM (Single Candle Mitigation) on Higher Timeframes (HTF). SCOB on LTF refers to the identification and analysis of single candle order blocks within shorter timeframes. These blocks represent critical price levels where significant buying or selling activity occurred within a single candlestick. By recognizing SCOB patterns, traders can pinpoint key areas of market interest and anticipate potential price movements. On the other hand, SCM on HTF involves analyzing single candle mitigation entries within longer timeframes. This technique aims to capitalize on price reversals or shifts in market sentiment indicated by single candlestick patterns. By incorporating SCM analysis, traders can gain insights into broader market trends and make strategic trading decisions accordingly. the intricacies of SCOB on LTF and SCM on HTF, offering traders valuable tools to enhance their analysis and decision-making processes across different timeframes. Through a comprehensive understanding of these concepts, traders can identify high-probability trading opportunities and navigate the markets with confidence. Real-world Example: SCOB on M5 and SCM on M15 generate a powerful order block. Conclusion: MTF Internal Ranges Analysis - IRA - Phoenix for Smart Money Concepts is a valuable asset for traders seeking to add more insights in today's dynamic markets especially for Intraday Traders. By focusing on concepts like "Multiple timeframes and Confluences, with one single timeframe u can analyze all timeframes", "SCOB Internal Order Block. With its innovative features and user-friendly interface, whether you're a seasoned trader or just starting your journey, MTF IRA - Phoenix can help you navigate through the complexities of price action and make more informed trading choices. This document provides an extensive overview of MTF Internal Ranges Analysis - IRA - Phoenix, emphasizing its importance in comprehending market dynamics and utilizing essential smart money concepts trading principles.
Indicador Pine Script®
por AlbaTherium
3
True SMCThe True SMC Indicator is specifically designed for structure mapping and the identification of high-probability Order Blocks. Excelling in distinctly recognising four types of Order Blocks, it provides traders with a direct and efficient method to dissect market movements and identify strategic entry points with precision 🔶 Understanding Structure Mapping This indicator introduces a unique approach to analysing market structure, focusing on liquidity, which is termed 'Inducement'. Inducement is crucial for identifying key structural markers in the market, such as Higher Highs (HH), Higher Lows (HL), Lower Lows (LL), and Lower Highs (LH). Inducement acts like a trap set near a supply or demand zone. It entices impatient buyers or sellers into the market before the actual zone is reached, thereby creating liquidity. For an inducement to be considered valid, it must represent a valid pullback. A valid scenario occurs when the price sweeps or closes beyond the high or low of the previous candle; in this case, the candle's color, whether bullish or bearish, is not relevant, and both scenarios are considered valid. Inside bars are ignored as they do not meet this criterion. The indicator assists in this process by automatically highlighting valid pullbacks with a distinctive gray round label. This feature is not just a visual aid but also a crucial tool in effortlessly understanding market movements, providing a clear visual representation of ongoing market trends. 🔶 Understanding How Order Block is working Our indicator incorporates four distinct types of Order Blocks, each designed for specific roles in market analysis. Among these, the **OB-IDM** and **OB-EXT** are regarded as high-probability Order Blocks, and our primary focus is on these two for market entry. IDM Order Block (OB-IDM): IDM Order block (OB-IDM) is basically the first Order Block that shows up after the IDM level is passed. Think of it as the closest OB you find below the current IDM. Extreme Order Block (OB-EXT): OB-EXT is the first and lowest Order Block that you'll find between a Major Low and a Major High. Single Candle Order Block (SCOB): Single candle mitigation is very Powerful way to add multiple entries in you're winning trades. Smart Money Trap (SMT): The SMT consists of all the Order Blocks that lie between the Extreme and OB-IDM. It acts as a cautionary signal, indicating potential traps for Smart Money Concept traders. It is essential to recognize that the SMT does not provide additional confirmation for trading. Instead, it highlights areas where traders should exercise extra caution. Trading decisions should be based on clear confirmations, such as inducements or liquidity sweeps, rather than solely on the SMT. 🔶 How to Use the True SMC Indicator: The True SMC Indicator is designed to enhance your trading strategy by identifying key order blocks and market signals. Below is a guide on how to utilize the various elements of the True SMC Indicator: OB IDM (Order Block Inducement): Usage : This is a decisional order block crucial for identifying trade entries. It is particularly effective for pinpointing potential reversal zones. Alerts: Setting up alerts on OB IDM is recommended to be notified when the price reaches this critical area, thus facilitating prompt and informed trading decisions. OB-EXT (Extreme Order Block): Usage : OB-EXT serves as an extreme and high-probability order block for trade entries, ideal for identifying strategic entry points at potential reversal points. Alerts: Activating alerts on OB-EXT will keep you informed about price approaches, aiding in the preparation of your trade setups. SCOB (Single Candle Order Block): Usage : SCOB is ideal for scaling into a position. It should be employed for adding to positions when the market reacts to OB IDM or OB-EXT, indicating a potential reversal. SMT (Smart Money Trap): Usage Caution: The SMT should be approached with caution as it represents a potential trap. It is advised to avoid trading directly at SMT zones. Instead, use these zones to gauge market sentiment and make informed decisions. This structured approach to using the True SMC Indicator will help you in making more precise and strategic trading decisions, enhancing your overall market analysis. 🔶 Example of usage: Market Structure Diagram This diagram illustrates the key structural markers in the market such as Higher Highs (HH), Higher Lows (HL), Lower Lows (LL), and Lower Highs (LH). It provides a visual guide to understanding the underlying market structure. Example from a Real Chart: This chart is a prime example of how our indicator is used to dissect and highlight market structure in a live trading environment. It vividly demonstrates the 'Inducement' concept in action, pinpointing key structural points like HH, HL, LL, and LH in real-time market trends. Valid Pullback Illustration of a Valid Pullback: This image showcases a typical scenario where the price sweeps beyond the previous candle's high or low, marking a valid pullback. Notice the distinctive gray round label indicating the point of inducement. IDM Order Block (OB-IDM) This diagram illustrates the IDM Order Block (OB-IDM), highlighting its position as the first OB following the IDM level. It represents the nearest OB below the current IDM level. IDM Order Block in Action This real chart example showcases the OB-IDM in a live market scenario, demonstrating how it appears and functions in practical trading. Extreme Order Block (OB-EXT) The diagram depicts the OB-EXT, which is identified as the first and lowest Order Block between a Major Low and a Major High. OB-EXT in Real Market: This chart example highlights the OB-EXT, showing its position and significance in market analysis between major market points. Single Candle Order Block (SCOB) The accompanying chart demonstrates the SCOB in a live trading environment, illustrating its effectiveness in trade optimization. Smart Money Trap (SMT) This real chart provides insight into how the SMT is used in actual trading, marking areas for increased caution and illustrating its role in a comprehensive trading strategy. 🔶 Additional Features Easy-to-Follow Trend Display : The script employs a Color Coded candle system, simplifying trend recognition. Any Alert function call = It can be configured for a range of trading events, allowing you to stay informed about key market movements. In the settings, you can choose to enable or disable alerts for events such as BOS Sweep, CHock, CHock Sweep, IDM, IDM Sweep, OB IDM, OB EXT, and PDH/PDL. Automatic resolving of ChoCh-IDM and IDM-BoS conflicts = The indicator is equipped to automatically resolve conflicts that arise between ChoCh-IDM and IDM-BoS. It intelligently identifies situations where there might be an IDM instead of a ChoCh, or a BoS instead of an IDM, ensuring accurate readings and analysis. Anywhere Structure Mapping : The tool simplifies market analysis by enabling you to draw structures from any chosen moment. Simply adjust the slider to your desired point and instantly trade based on the internal structure revealed. This feature offers an intuitive and efficient way to understand and navigate market dynamics. 🔶 Conclusion The True SMC Indicator distinguishes itself from other market analysis tools through its specialised focus on structure mapping and high-probability Order Blocks. Unlike generic indicators, it expertly identifies and categorizes four distinct types of Order Blocks, including IDM and Extreme Order Blocks, which are crucial for high-accuracy trade entries. Its unique approach in analysing market structure centers on 'Inducement,' a key concept for pinpointing vital market structural markers. This feature, combined with its ability to alert traders to both promising entry points and potential Smart Money Traps, equips users with a comprehensive tool for a nuanced understanding of market dynamics and strategic trade execution. Such targeted capabilities make the True SMC Indicator an invaluable asset for traders seeking precision and efficiency in their market analysis.
Indicador Pine Script®
por truesmctrade
300
Structure_TradingHubThe smart money concept suggests that institutional traders have a greater understanding of the ‎market and often have access to more information than retail traders. Therefore, by analyzing ‎market structure, retail traders can align themselves with the actions of smart money and ‎potentially profit from their moves. This indicator considerably simplifies the process of identification of market structure for traders ‎based on the TradingHUB-3 technical method. Therefore, it is quite different from the existing ‎market structure or trend detection tools, even the other smart-money-based indicators. ‎ How it works:‎ The indicator starts candlestick analysis from the given start point detecting followings items. ‎ ‎1) Identify valid pullbacks (minor Zigzag):‎ Uptrend: In the upward trend, each candle that hits a higher high (HH), acts as our checking candle, ‎and if the next candle hits its low, a valid pullback is formed, and we marked the checking candle as ‎the end of a minor leg. Note that we do not take inside bars into account. If the highest point of the ‎leg hit, the lowest point is marked as the end of pullback leg. On the other hand, if the lowest point of ‎the upward leg is hit, the pullback checking procedure is restarted as a downtrend. Note that the ‎downward checking is restarted from the highest point (previous checking candle).‎ Downtrend: The pullback detection for downtrend follows the reverse procedure of uptrend.‎ ‎2) Identify inducements (IDM)‎ The last pullback point (on the minor zigzag) considers as the inducement level. In the uptrend, if ‎the price hit the IDM, the highest point on the major leg is accepted as a major higher high. Note, if ‎the IDM point is equal to a major HL and hit by price, the highest point is accepted as a new HH and ‎the previous HH and LL are deleted (i.e. the HH is transferred).‎ In the downtrend, it acts conversely. ‎ ‎ ‎3) Identify valid break of structures (BOS)‎ In the uptrend, if the price closed above the highest point between the previous accepted HH to the ‎current candle, a BOS is accrued, and the lowest point in this time interval is accepted as a higher ‎low (HL). In the downtrend, it acts contrariwise. ‎ ‎ ‎4) Identify valid change of characters (Choch)‎ In the uptrend, if the price closed below the lowest point between the previous accepted HL to the ‎current candle, a Choch is accrued, and the major trend changes from uptrend to downtrend, and a ‎new reverse IDM will be detected. In the downtrend, it acts inversely.‎ ‎ ‎5) Identify major HH/HL/LL/LH points By following the above steps, the major higher highs, higher lows, lower highs, and lower lows, as ‎well as the major trend are detected. The major high and lows on the major trend can be displayed ‎by zigzag style or bullet points with corresponding up/down color.‎ How to use it: ‎ This indicator works in any chart timeframe, and it does not need much tunning for use. Although, ‎two parameters can be modified:‎ 1- Starting Point: Mode 1: Go back a certain number of candles in the past to find the starting point. Mode 2: Use the last major swing that is higher/lower point between X candles right and left.‎ 2- Choch/BOS min ticks' confirmation: The user can set an extra pipettes value that price ‎should close higher/lower than the major H/L for more confirmation. ‎ A trader can use this indicator for trading through the following steps (Of course, the trader is not ‎restricted in these steps and can act according to its trading strategy):‎ ‎1- Recognize the trend direction by seeing the H/L or zigzag color.‎ ‎2- Identify the unmitigated IDM, which is marked by "X". When the inducement hit, the level is ‎marked by "IDM", and a major H/L is confirmed.‎ ‎3- Identify an order block to trade on it. We recommend users to add "OrderBlock_TradingHub " ‎indicator to identify valid order blocks easily according to this technical method.‎ ‎4- Go to the lower timeframe to find a trigger.‎ Indicator Options: ‎1) Set the starting point based on a certain number of candles or a major swing. ‎2) Show/Hide Pullbacks zigzag ‎3) Show/Hide Inducements (IDM) ‎4) Show/Hide Change of Characters (CHoCHs) ‎5) Show/Hide Break of Structures (BOS) ‎6) Draw up/down Trend ‎7) Draw H/L Points (by major Zigzag or Bullets) ‎8) Set CHoCH/BOS min pipettes for confirmation ‎9) Change the color and style of elements on the chart
Indicador Pine Script®
por MoKeNaKa
98
Breadth - % Above * MA█ OVERVIEW 'Breadth - % Above * MA' is a script developed to measure market breadth, providing traders with a deeper understanding of the overall health of a chosen stock market or specific sector. By calculating the percentage of stocks performing above their Simple Moving Average (SMA), it offers an efficient and precise method to gauge market trends. █ MARKET BREADTH Market breadth is a powerful tool in technical analysis. It examines the number of securities on an upward trajectory versus those on a downward one. This indicator serves as a measure of market sentiment and assists in identifying the strength and sustainability of market trends. █ PERCENTAGE ABOVE MOVING AVERAGE The script's primary function is to show the percentage of stocks trading above a selected SMA. This provides valuable insight into the market's condition. For instance, a high percentage of stocks above their 200-day moving average may suggest a strong bull market. Conversely, a low percentage could indicate a bearish market. However, these are mere observations and should be supplemented with additional analysis for informed trading decisions. █ KEY FEATURES The script offers extensive customization. Users can choose from various stock market groups and SMA periods. The options for data smoothing and chart visualization enhance the versatility of the script. The script also offers a choice of different candlestick styles for visualizing price movements. An added feature colors the inside bars in Heikin-Ashi (HA) format black, providing additional clarity. █ ACKNOWLEDGEMENTS The script incorporates code from the 'Line Break' script by kitoboynaya. We gratefully acknowledge their contribution. █ CODE The script is published as a protected code due to the usage of a certain style/formula. While the idea of knowledge sharing is encouraged, certain aspects of the script remain confidential.
Indicador Pine Script®
por bluesky509
6
Evolution Fractals with IBA standard fractal high has two lower high (or equal high) candles to its left and right. For standard fractal low fractals this is vice versa. -But this indicator plots has the option to plot standard fractals only after candle close is confirmed. So if the current candle is still forming in live markets, only after this candle has fully closed, then the indicator checks if the fractal is valid and then plotted. You can select this option On or Off (with the standard fractal indicator there is a fractal plotted, but when this candle high (or low ) is broken again, the fractal disappears. This re-painting of fractals can cause confusion. -Added an alert functionality. When setting an alert on your chart, you can select this indicator to alert you upon the forming of a new fractal high or low. -Added optional Inside Bar function. When a candle High/Low does not breach the previous candle High/Low, then a different body color can be shown. This is particular handy to quickly if this high/low is breached, without having to zoom in on the chart.
Indicador Pine Script®
por e_oneill
3
[Pt] TICK + Heikin Ashi RSI IndicatorThis indicator combines NYSE TICK and RSI to aim to provide a view of NYSE market trend strength. What is TICK NYSE TICK, also known as the TICK index, is a technical analysis indicator that shows the number of stocks on the New York Stock Exchange (NYSE) that are trading on an uptick or a downtick in a particular period of time. The TICK index is calculated by subtracting the number of stocks trading on a downtick from the number of stocks trading on an uptick. A reading of +1000 on the TICK index, for example, would indicate that there are 1000 more stocks trading on an uptick than on a downtick. The TICK index is often used as a measure of market sentiment, as it can provide insight into whether there is more buying or selling pressure in the market at a given time. A high TICK index reading may suggest that there is strong buying pressure, while a low TICK index reading may indicate that there is more selling pressure in the market. By default, I am using -800 and 800 for oversold and overbought levels. These are configurable. Also, this indicator includes TICK divergence signals. The TICK index is usually very volatile, so this indicator is best suited for lower timeframes, such as 1 to 5 min charts. Idea of TICK neutral zone As part of this indicator I've identified what I consider as "neutral" range for the TICK. Based on my own personal experience, the market tends to be in consolidation or choppy in this range. By default, I've defined this range to be -200 to 200. This range is configurable. Signals In combination with RSI and Heikin Ashi RSI (HARSI), which help smooths out the RSI values and make it easier to identify trends and potential reversal points, this indicator aims to generate Bullish vs Bearish signals based on the following conditions: - bullish / bearish HARSI candle - Inside bar on HARSI candle - TICK trend (above or below Neutral zone) - RSI trend (above or below 0, but not overbought or oversold) - RSI / HARSI convergence and divergence When all bullish conditions are met, the signal turns bright green. Bright red when all bearish conditions are met. These generated signals aims to provide users easy to read visual cues to help with their trades. A table is also provided in attempt to identify the trend in real time: TICK trend: - Bullish, Extended - Bullish - Neutral w/ Bullish bias - Neutral w/ Bearish bias - Bearish - Bearish, Extended RSI: - Bullish - Bearish Note on scale This indicator is based on the scale for TICK, hence the RSI and HARSI are scaled. By default, standard overbought RSI value of 70 = 800 on this scale, whereas oversold value of 30 = -800. Credits: Heikin Ashi RSI code was borrowed from @JayRogers - Heikin Ashi RSI Oscillator
Indicador Pine Script®
por PtGambler
15
Narrow Range (NR) IndicatorNarrow Range (NR) trading strategy is a breakout-based method that assumes that the price of security trends up or down after a brief consolidation in a narrow range. This indicator can plot: 1. Narrow Range (NR) 4, 7, and 21 2. Narrow Range (NR) 4, 7, and 21 + Inside Bars (IB) NR 4/NR 7/NR 21 day acts as a confirming factor on where the price will move further. Breakout of NR 4/NR 7/NR 21 candle with high volumes indicates bullishness, while the breakdown candle indicates bearishness.
Indicador Pine Script®
por universalteacher
5
ADX with SignalsThis indicator basicly usind ADX ( Average Directional Index ) ADX can show us how trend is strong ADX below 20: the market is currently not trending ADX crosses above 20: signifies that a new trend is emerging. Traders may start placing sell or buy orders in the direction of the price movement. ADX between 20 and 40: When the ADX is growing between 20 and 40 it is considered as a confirmation of an emerging trend. Traders should use this opportunity to buy or short sell in the trend's direction. ADX above 40: the trend is very strong. ADX crosses 50: the trend is extremely strong. ADX crosses 70: a very rare occasion, which is called a “Power Trend.” If we use ADX with DI+ and DI+ indactor can tell us to buy. How can we calculate this all? Directional Movement (DI) is defined as the largest part of the current period’s price range that lies outside the previous period’s price range. For each period calculate: +DI = positive or plus DI = High - Previous High -DI = negative or minus DI = Previous Low - Low The smaller of the two values is reset to zero, i.e., if +DI > -DI , then -DI = 0. On an inside bar (a lower high and higher low), both +DI and -DI are negative values, so both get reset to zero as there was no directional movement for that period. The True Range ( TR ) is calculated for each period, where: TR = Max of ( High - Low ), ( High -PreviousClose ), ( PreviousClose - Low ) The +DI , -DI and TR are each accumulated and smoothed using a custom smoothing method proposed by Wilder. For an n period smoothing, 1/n of each period’s value is added to the total each period, similar to an exponential smoothing: +DIt = (+DIt-1 - (+DIt-1 / n)) + (+DIt) -DIt = (-DIt-1 - (-DIt-1 / n)) + (-DIt) TRt = (TRt-1 - (TRt-1 / n)) + ( TRt ) Compute the positive/negative Directional Indexes, +DI and -DI , as a percentage of the True Range: +DI = ( +DI / TR ) * 100 -DI = ( -DI / TR ) * 100 Compute the Directional Difference as the absolute value of the differences: DIdiff = | (( +DI ) - ( -DI )) | Sum the directional indicator values: DIsum = (( +DI ) + ( -DI )) . Calculate the Directional Movement index: DX = ( DIdiff / DIsum ) * 100 . The DX is always between 0 and 100. Finally, apply Wilder’s smoothing technique to produce the final ADX value: ADXt = ( ( ADXt-1 * ( n - 1) ) + DXt ) / n When indicator tell us to buy? If when DI+ crosses DI- and ADX is bigger than DI- indicator tell us to buy.
Indicador Pine Script®
por ErdemDemir
2
DC v0.1Hey traders! This is a simple script to show some information about the candles on your screen. Currently it shows: - Pinbars - Inside bars - Bullish engulfing candles - Bearish engulfing candles Quick explanation about the settings: - Wick to candle range ratio (default 0.7): Pinbar wick needs to be at least 70% of the candle range - Part of wick that stands out to previous candle (default 0.3): Pinbar wick needs to end at least 30% above/below previous candle to stand out to that candle - Engulfing candle body to range ratio (default 0.7): Engulfing candle needs to have at least 70% body to show strength Let me know if you have suggestions, improvements or issues!
Indicador Pine Script®
por Dennisdj69
3
Flying Buddha Inside Bars Indicator v1 by JustUncleLDescription: ============= This indicator plots MAs and paints Triggered Alert Arrows base on Flying Buddha candle patterns. The “Flying Buddha” Pattern is defined as: --------------------------------------------- A candlestick chart with two moving averages: the 5 period exponential moving average (fast EMA) and the 10 period simple moving average (slow SMA), both applied to the closing price. The default “Flying Buddha” pattern is any candlestick which: 1. Has a LOW above the fast EMA, when the fast EMA is above the slow SMA (a bearish “Flying Buddha”); or 2. Has a HIGH below the fast EMA, when the fast EMA is below the slow SMA (a bullish “Flying Buddha”). Alert Trigger: --------------- A Flying Buddha Alert is triggered on the first candle that is a non-flying Buddha candle after a Flying Buddha Pattern candle sequence. Flying Buddhas can optionally be filtered by InsideBars and PinBars. The Alert Trigger is optionally filtered by the Directional MA (default=EMA 89), and/or by Minimum Sequence length of Flying Buddhas. Moving Averages: ------------------ You can select between 11 different types of moving averages, for each MA line in Flying Buddha MAs (fastMA and slowMA) and the Directional Filter MA: SMA = Simple Moving Average. EMA = Exponential Moving Average. WMA = Weighted Moving Average VWMA = Volume Weighted Moving Average SMMA = Smoothed Simple Moving Average. DEMA = Double Exponential Moving Average TEMA = Triple Exponential Moving Average. HullMA = Hull Moving Average SSMA = Ehlers Super Smoother Moving average ZEMA = Near Zero Lag Exponential Moving Average. TMA = Triangular (smoothed) Simple Moving Average. NOTE: This is a concept indicator, I also intend to release a trading BOT suitable for Autoview, based on this concept indicator.
Indicador Pine Script®
por JustUncleL
17