Physics CandlesPhysics Candles embed volume and motion physics directly onto price candles or market internals according to the cyclic pattern of financial securities. The indicator works on both real-time “ticks” and historical data using statistical modeling to highlight when these values, like volume or momentum, is unusual or relatively high for some periodic window in time. Each candle is made out of one or more sub-candles that each contain their own information of motion, which converts to the color and transparency, or brightness, of that particular candle segment. The segments extend throughout the entire candle, both body and wicks, and Thick Wicks can be implemented to see the color coding better. This candle segmentation allows you to see if all the volume or energy is evenly distributed throughout the candle or highly contained in one small portion of it, and how intense these values are compared to similar time periods without going to lower time frames. Candle segmentation can also change a trader’s perspective on how valuable the information is. A “low” volume candle, for instance, could signify high value short-term stopping volume if the volume is all concentrated in one segment.
The Candles are flexible. The physics information embedded on the candles need not be from the same price security or market internal as the chart when using the Physics Source option, and multiple Candles can be overlayed together. You could embed stock price Candles with market volume, market price Candles with stock momentum, market structure with internal acceleration, stock price with stock force, etc. My particular use case is scalping the SPX futures market (ES), whose price action is also dictated by the volume action in the associated cash market, or SPY, as well as a host of other securities. Physics allows you to embed the ES volume on the SPY price action, or the SPY volume on the ES price action, or you can combine them both by overlaying two Candle streams and increasing the Number of Overlays option to two. That option decreases the transparency levels of your coloring scheme so that overlaying multiple Candles converges toward the same visual color intensity as if you had one. The Candle and Physics Sources allows for both Symbols and Spreads to visualize Candle physics from a single ticker or some mathematical transformation of tickers.
Due to certain TradingView programming restrictions, each Candle can only be made out of a maximum of 8 candle segments, or an “8-bit” resolution. Since limits are just an opportunity to go beyond, the user has the option to stack multiple Candle indicators together to further increase the candle resolution. If you don’t want to see the Candles for some particular period of the day, you can hide them, or use the hiding feature to have multiple Candles calibrated to show multiple parts of the trading day. Securities tend to have low volume after hours with sharp spikes at the open or close. Multiple Candles can be used for multiple parts of the trading day to accommodate these different cycles in volume.
The Candles do not need be associated with the nominal security listed on the TV chart. The Candle Source allows the user to look at AAPL Candles, for instance, while on a TSLA or SPY chart, each with their respective volume actions integrated into the candles, for instance, to allow the user to see multiple security price and volume correlation on a single chart.
The physics information currently embeddable on Candles are volume or time, velocity, momentum, acceleration, force, and kinetic energy. In order to apply equations of motion containing a mass variable to financial securities, some analogous value for mass must be assumed. Traders often regard volume or time as inextricable variables to a securities price that can indicate the direction and strength of a move. Since mass is the inextricable variable to calculating the momentum, force, or kinetic energy of motion, the user has the option to assume either time or volume is analogous to mass. Volume may be a better option for mass as it is not strictly dependent on the speed of a security, whereas time is.
Data transformations and outlier statistics are used to color code the intensity of the physics for each candle segment relative to past periodic behavior. A million shares during pre-market or a million shares during noontime may be more intense signals than a typical million shares traded at the open, and should have more intense color signals. To account for a specific cyclic behavior in the market, the user can specify the Window and Cycle Time Frames. The Window Time Frame splits up a Cycle into windows, samples and aggregates the statistics for each window, then compares the current physics values against past values in the same window. Intraday traders may benefit from using a Daily Cycle with a 30-minute Window Time Frame and 1-minute Sample Time Frame. These settings sample and compare the physics of 1-minute candles within the current 30-minute window to the same 30-minute window statistics for all past trading days, up until the data limit imposed by TradingView, or until the Data Collection Start Date specified in the settings. Longer-term traders may benefit from using a Monthly Cycle with a Weekly Time Frame, or a Yearly Cycle with a Quarterly Time Frame.
Multiple statistics and data transformation methods are available to convey relative intensity in different ways for different trading signals. Physics Candles allows for both Normal and Log-Normal assumptions in the physics distribution. The data can then be transformed by Linear, Logarithmic, Z-Score, or Power-Law scoring, where scoring simply assigns an intensity to the relative physics value of each candle segment based on some mathematical transformation. Z-scoring often renders adequate detection by scoring the segment value, such as volume or momentum, according to the mean and standard deviation of the data set in each window of the cycle. Logarithmic or power-law transformation with a gamma below 1 decreases the disparity between intensities so more less-important signals will show up, whereas the power-law transformation with gamma values above 1 increases the disparity between intensities, so less more-important signals will show up. These scores are then converted to color and transparency between the Min Score and the Max Score Cutoffs. The Auto-Normalization feature can automatically pick these cutoffs specific to each window based on the mean and standard deviation of the data set, or the user can manually set them. Physics was developed with novices in mind so that most users could calibrate their own settings by plotting the candle segment distributions directly on the chart and fiddling with the settings to see how different cutoffs capture different portions of the distribution and affect the relative color intensities differently. Security distributions are often skewed with fat-tails, known as kurtosis, where high-volume segments for example, have a higher-probabilities than expected for a normal distribution. These distribution are really log-normal, so that taking the logarithm leads to a standard bell-shaped distribution. Taking the Z-score of the Log-Normal distribution could make the most statistical sense, but color sensitivity is a discretionary preference.
Background Philosophy
This indicator was developed to study and trade the physics of motion in financial securities from a visually intuitive perspective. Newton’s laws of motion are loosely applied to financial motion:
“A body remains at rest, or in motion at a constant speed in a straight line, unless acted upon by a force”.
Financial securities remain at rest, or in motion at constant speed up or down, unless acted upon by the force of traders exchanging securities.
“When a body is acted upon by a force, the time rate of change of its momentum equals the force”.
Momentum is the product of mass and velocity, and force is the product of mass and acceleration. Traders render force on the security through the mass of their trading activity and the acceleration of price movement.
“If two bodies exert forces on each other, these forces have the same magnitude but opposite directions.”
Force arises from the interaction of traders, buyers and sellers. One body of motion, traders’ capitalization, exerts an equal and opposite force on another body of motion, the financial security. A securities movement arises at the expense of a buyer or seller’s capitalization.
Volume
The premise of this indicator assumes that volume, v, is an analogous means of measuring physical mass, m. This premise allows the application of the equations of motion to the movement of financial securities. We know from E=mc^2 that mass has energy. Energy can be used to create motion as kinetic energy. Taking a simple hypothetical example, the interaction of one short seller looking to cover lower and one buyer looking to sell higher exchange shares in a security at an agreed upon price to create volume or mass, and therefore, potential energy. Eventually the short seller will actively cover and buy the security from the previous buyer, moving the security higher, or the buyer will actively sell to the short seller, moving the security lower. The potential energy inherent in the initial consolidation or trading activity between buy and seller is now converted to kinetic energy on the subsequent trading activity that moves the securities price. The more potential energy that is created in the consolidation, the more kinetic energy there is to move price. This is why point and figure traders are said to give price targets based on the level of volatility or size of a consolidation range, or why Gann traders square price and time, as time is roughly proportional to mass and trading activity. The build-up of potential energy between short sellers and buyers in GME or TSLA led to their explosive moves beyond their standard fundamental valuations.
Position
Position, p, is simply the price or value of a financial security or market internal.
Time
Time, t, is another means of measuring mass to discover price behavior beyond the time snapshots that simple candle charts provide. We know from E=mc^2 that time is related to rest mass and energy given the speed of light, c, where time ≈ distance * sqrt(mass/E). This relation can also be derived from F=ma. The more mass there is, the longer it takes to compute the physics of a system. The more energy there is, the shorter it takes to compute the physics of a system. Similarly, more time is required to build a “resting” low-volatility trading consolidation with more mass. More energy added to that trading consolidation by competing buyers and sellers decreases the time it takes to build that same mass. Time is also related to price through velocity.
Velocity = (p(t1) – p(t0)) / p(t0)
Velocity, v, is the relative percent change of a securities price, p, over a period of time, t0 to t1. The period of time is between subsequent candles, and since time is constant between candles within the same timeframe, it is not used to calculate velocity or acceleration. Price moves faster with higher velocity, and slower with slower velocity, over the same fixed period of time. The product of velocity and mass gives momentum.
Momentum = mv
This indicator uses physics definition of momentum, not finance’s. In finance, momentum is defined as the amount of change in a securities price, either relative or absolute. This is definition is unfortunate, pun intended, since a one dollar move in a security from a thousand shares traded between a few traders has the exact same “momentum” as a one dollar move from millions of shares traded between hundreds of traders with everything else equal. If momentum is related to the energy of the move, momentum should consider both the level of activity in a price move, and the amount of that price move. If we equate mass to volume to account for the level of trading activity and use physics definition of momentum as the product of mass and velocity, this revised definition now gives a thousand-times more momentum to a one-dollar price move that has a thousand-times more volume behind it. If you want to use finance’s volume-less definition of momentum, use velocity in this indicator.
Acceleration = v(t1) – v(t0)
Acceleration, a, is the difference between velocities over some period of time, t0 to t1. Positive acceleration is necessary to increase a securities speed in the positive direction, while negative acceleration is necessary to decrease it. Acceleration is related to force by mass.
Force = ma
Force is required to change the speed of a securities valuation. Price movements with considerable force have considerably more impact on future direction. A change in direction requires force.
Kinetic Energy = 0.5mv^2
Kinetic energy is the energy that a financial security gains from the change in its velocity by force. The built-up of potential energy in trading consolidations can be converted to kinetic energy on a breakout from the consolidation.
Cycle Theory and Relativity
Just as the physics of motion is relative to a point of reference, so too should the physics of financial securities be relative to a point of reference. An object moving at a 100 mph towards another object moving in the same direction at 100 mph will not appear to be moving relative to each other, nor will they collide, but from an outsider observer, the objects are going 100 mph and will collide with significant impact if they run into a stationary object relative to the observer. Similarly, trading with a hundred thousand shares at the open when the average volume is a couple million may have a much smaller impact on the price compared to trading a hundred thousand shares pre-market when the average volume is ten thousand shares. The point of reference used in this indicator is the average statistics collected for a given Window Time Frame for every Cycle Time Frame. The physics values are normalized relative to these statistics.
Examples
The main chart of this publication shows the Force Candles for the SPY. An intense force candle is observed pre-market that implicates the directional overtone of the day. The assumption that direction should follow force arises from physical observation. If a large object is accelerating intensely in a particular direction, it may be fair to assume that the object continues its direction for the time being unless acted upon by another force.
The second example shows a similar Force Candle for the SPY that counters the assumption made in the first example and emphasizes the importance of both motion and context. While it’s fair to assume that a heavy highly accelerating object should continue its course, if that object runs into an obstacle, say a brick wall, it’s course may deviate. This example shows SPY running into the 50% retracement wall from the low of Mar 2020, a significant support level noted in literature. The example also conveys Gann’s idea of “lost motion”, where the SPY penetrated the 50% price but did not break through it. A brick wall is not one atom thick and price support is not one tick thick. An object can penetrate only one layer of a wall and not go through it.
The third example shows how Volume Candles can be used to identify scalping opportunities on the SPY and conveys why price behavior is as important as motion and context. It doesn’t take a brick wall to impede direction if you know that the person driving the car tends to forget to feed the cats before they leave. In the chart below, the SPY breaks down to a confluence of the 5-day SMA, 20-day SMA, and an important daily trendline (not shown) after the bullish bounce from the 50% retracement days earlier. High volume candles on the SMA signify stopping volume that reverse price direction. The character of the day changes. Bulls become more aggressive than bears with higher volume on upswings and resistance, whiles bears take on a defensive position with lower volume on downswings and support. High volume stopping candles are seen after rallies, and can tell you when to take profit, get out of a position, or go short. The character change can indicate that its relatively safe to re-enter bullish positions on many major supports, especially given the overarching bullish theme from the large reaction off the 50% retracement level.
The last example emphasizes the importance of relativity. The Volume Candles in the chart below are brightest pre-market even though the open has much higher volume since the pre-market activity is much higher compared to past pre-markets than the open is compared to past opens. Pre-market behavior is a good indicator for the character of the day. These bullish Volume Candles are some of the brightest seen since the bounce off the 50% retracement and indicates that bulls are making a relatively greater attempt to bring the SPY higher at the start of the day.
Infrequently Asked Questions
Where do I start?
The default settings are what I use to scalp the SPY throughout most of the extended trading day, on a one-minute chart using SPY volume. I also overlay another Candle set containing ES future volume on the SPY price structure by setting the Physics Source to ES1! and the Number of Overlays setting to 2 for each Candle stream in order to account for pre- and post-market trading activity better. Since the closing volume is exponential-like up until the end of the regular trading day, adding additional Candle streams with a tighter Window Time Frame (e.g., 2-5 minute) in the last 15 minutes of trading can be beneficial. The Hide feature can allow you to set certain intraday timeframes to hide one Candle set in order to show another Candle set during that time.
How crazy can you get with this indicator?
I hope you can answer this question better. One interesting use case is embedding the velocity of market volume onto an internal market structure. The PCTABOVEVWAP.US is a market statistic that indicates the percent of securities above their VWAP among US stocks and is helpful for determining short term trends in the US market. When securities are rising above their VWAP, the average long is up on the day and a rising PCTABOVEVWAP.US can be viewed as more bullish. When securities are falling below their VWAP, the average short is up on the day and a falling PCTABOVEVWAP.US can be viewed as more bearish. (UPVOL.US - DNVOL.US) / TVOL.US is a “spread” symbol, in TV parlance, that indicates the decimal percent difference between advancing volume and declining volume in the US market, showing the relative flow of volume between stocks that are up on the day, and stocks that are down on the day. Setting PCTABOVEVWAP.US in the Candle Source, (UPVOL.US - DNVOL.US) / TVOL.US in the Physics Source, and selecting the Physics to Velocity will embed the relative velocity of the spread symbol onto the PCTABOVEVWAP.US candles. This can be helpful in seeing short term trends in the US market that have an increasing amount of volume behind them compared to other trends. The chart below shows Volume Candles (top) and these Spread Candles (bottom). The first top at 9:30 and second top at 10:30, the high of the day, break down when the spread candles light up, showing a high velocity volume transfer from up stocks to down stocks.
How do I plot the indicator distribution and why should I even care?
The distribution is visually helpful in seeing how different normalization settings effect the distribution of candle segments. It is also helpful in seeing what physics intensities you want to ignore or show by segmenting part of the distribution within the Min and Max Cutoff values. The intensity of color is proportional to the physics value between the Min and Max Cutoff values, which correspond to the Min and Max Colors in your color scheme. Any physics value outside these Min and Max Cutoffs will be the same as the Min and Max Colors.
Select the Print Windows feature to show the window numbers according to the Cycle Time Frame and Window Time Frame settings. The window numbers are labeled at the start of each window and are candle width in size, so you may need to zoom into to see them. Selecting the Plot Window feature and input the window number of interest to shows the distribution of physics values for that particular window along with some statistics.
A log-normal volume distribution of segmented z-scores is shown below for 30-minute opening of the SPY. The Min and Max Cutoff at the top of the graph contain the part of the distribution whose intensities will be linearly color-coded between the Min and Max Colors of the color scheme. The part of the distribution below the Min Cutoff will be treated as lowest quality signals and set to the Min Color, while the few segments above the Max Cutoff will be treated as the highest quality signals and set to the Max Color.
What do I do if I don’t see anything?
Troubleshooting issues with this indicator can involve checking for error messages shown near the indicator name on the chart or using the Data Validation section to evaluate the statistics and normalization cutoffs. For example, if the Plot Window number is set to a window number that doesn’t exist, an error message will tell you and you won’t see any candles. You can use the Print Windows option to show windows that do exist for you current settings. The auto-normalization cutoff values may be inappropriate for your particular use case and literally cut the candles out of the chart. Try changing the chart time frame to see if they are appropriate for your cycle, sample and window time frames. If you get a “Timeframe passed to the request.security_lower_tf() function must be lower than the timeframe of the main chart” error, this means that the chart timeframe should be increased above the sample time frame. If you get a “Symbol resolve error”, ensure that you have correct symbol or spread in the Candle or Physics Source.
How do I see a relative physics values without cycles?
Set the Window Time Frame to be equal to the Cycle Time Frame. This will aggregate all the statistics into one bucket and show the physics values, such as volume, relative to all the past volumes that TV will allow.
How do I see candles without segmentation?
Segmentation can be very helpful in one context or annoying in another. Segmentation can be removed by setting the candle resolution value to 1.
Notes
I have yet to find a trading platform that consistently provides accurate real-time volume and pricing information, lacking adequate end-user data validation or quality control. I can provide plenty of examples of real-time volume counts or prices provided by TradingView and other platforms that were significantly off from what they should have been when comparing against the exchanges own data, and later retroactively corrected or not corrected at all. Since no indicator can work accurately with inaccurate data, please use at your own discretion.
The first version is a beta version. Debugging and validating code in Pine script is difficult without proper unit testing. Please report any bugs with enough information to reproduce them and indicate why they are important. I also encourage you to export the data from TradingView and verify the calculations for your particular use case.
The indicator works on real-time updates that occur at a higher frequency than the candle time frame, which TV incorrectly refers to as ticks. They use this terminology inaccurately as updates are really aggregated tick data that can take place at different prices and may not accurately reflect the real tick price action. Consequently, this inaccuracy also impacts the real-time segmentation accuracy to some degree. TV does not provide a means of retaining “tick” information, so the higher granularity of information seen real-time will be lost on a disconnect.
TV does not provide time and sales information. The volume and price information collected using the Sample Time Frame is intraday, which provides only part of the picture. Intraday volume is generally 50 to 80% of the end of day volume. Consequently, the daily+ OHLC prices are intraday, and may differ significantly from exchanged settled OHLC prices.
The Cycle and Window Time Frames refer to calendar days and time, not trading days or time. For example, the first window week of a monthly cycle is the first seven days of the month, not the first Monday through Friday of trading for the month.
Chart Time Frames that are higher than the Window Time Frames average the normalized physics for price action that occurred within a given Candle segment. It does not average price action that did not occur.
One of the main performance bottleneck in TradingView’s Pine Script is client-side drawing and plotting. The performance of this indicator can be increased by lowering the resolution (the number of sub-candles this indicator plots), getting a faster computer, or increasing the performance of your computer like plugging your laptop in and eliminating unnecessary processes.
The statistical integrity of this indicator relies on the number of samples collected per sample window in a given cycle. Higher sample counts can be obtained by increasing the chart time frame or upgrading the TradingView plan for a higher bar count. While increasing the chart time frame doesn’t increase the visual number of bars plotted on the chart, it does increase the number of bars that can be pulled at a lower time frame, up to 100,000.
Due to a limitation in Pine Scripts request_lower_tf() function, using a spread symbol will only work for regular trading hours, not extended trading hours.
Ideally, velocity or momentum should be calculated between candle closes. To eliminate the need to deal with price gaps that would lead to an incorrect statistical distributions, momentum is calculated between candle open and closes as a percent change of the price or value, which should not be an issue for most liquid securities.
Pesquisar nos scripts por "scalping"
MTF Fantastic Stochastic (FS+)MTF Fantastic Stochastic (FS+) + Alerts
This chart overlay indicator can signal multiple triple-timeframe Stochastic RSI overbought and oversold confluences directly onto your chart, intended for use as a confluence either for reversal trade entries, or potential trade exits, indicating where price may be probable to reverse.
Features include:
- Primary set of fully configurable triple-timeframe overbought and oversold signals, indicating where 3 selected timeframes are all overbought or all oversold at the same time. Enabled by default.
- Secondary set of fully configurable triple-timeframe overbought and oversold signals, indicating where 3 selected timeframes are all overbought or all oversold at the same time, with alert option. Enabled by default.
- Also includes standard configurable Stoch RSI options, including k length, d length, RSI length, Stochastic length, etc.
- The default primary MTF #1 timeframes are set to 1minute, 5minute and 15minute. These are highly suitable for low timeframe scalpers trading on charts less than 5 minutes, and can often pin point price reversals.
- The default Secondary MTF #2 timeframes are set to 15minute, 30minute and 60minute. These are suitable for both low timeframe scalpers and considerably higher timeframe traders.
- Optional drawing of background colours and/or ribbon seen at bottom of the chart.
- Fully configurable timeframes, as well as overbought and oversold threshold levels for each individual timeframe. Overbought and oversold thresholds are set to the factory 80 and 20 levels respectively for all timeframes by default.
- Alert features for both MTF #1 and MTF #2 triple-timeframe confluences, including options for alerting overbought and oversold individually, as well as an option for alerting either overbought or oversold in a single alert.
Note: THe features listed above are accurate at the time of publishing but maybe updated or added to in future.
The Stochastic RSI
The popular oscillator has been described as follows:
“The Stochastic RSI is an indicator used in technical analysis that ranges between zero and one (or zero and 100 on some charting platforms) and is created by applying the Stochastic oscillator formula to a set of relative strength index ( RSI ) values rather than to standard price data. Using RSI values within the Stochastic formula gives traders an idea of whether the current RSI value is overbought or oversold. The Stochastic RSI oscillator was developed to take advantage of both momentum indicators in order to create a more sensitive indicator that is attuned to a specific security's historical performance rather than a generalized analysis of price change.”
How do traders use overbought and oversold levels in their trading?
The oversold level, that is when the Stochastic RSI is above the 80 level is typically interpreted as being 'overbought', and below the 20 level is typically considered 'oversold'. Traders will often use the Stochastic RSI at an overbought level as a confluence for entry into a short position, and the Stochastic RSI at an oversold level as a confluence for an entry into a long position. These levels do not mean that price will necessarily reverse at those levels in a reliable way, however. This is why this version of the Stoch RSI employs the triple timeframe overbought and oversold confluence, in an attempt to add a more confluence and reliability to this usage of the Stoch RSI.
This indicator was originally built as one of a many features included in the RF+ Divergence Scalping System and has been separated into it's own standalone indicator here for traders who do not want the many other features bundled into the original indicator. A number of features that exist in the original were intensive, and also quite niche. Therefore this lightweight single purpose chart overlay indicator offers this versatile feature of the ever popular Stochastic RSI to a wider audience of traders who may add it to various strategies.
MTF Stoch RSI + Realtime DivergencesMulti-timeframe Stochastic RSI + Realtime Divergences + Alerts + Pivot lookback periods.
This version of the Stochastic RSI adds the following additional features to the stock UO by Tradingview:
- Optional 3 x Multiple-timeframe overbought and oversold signals, indicating where 3 selected timeframes are all overbought (>80) or all oversold (<20) at the same time, with alert option.
- Optional divergence lines drawn directly onto the oscillator in realtime, with alert options.
- Configurable lookback periods to fine tune the divergences drawn in order to suit different trading styles and timeframes, including the ability to enable automatic adjustment of pivot period per chart timeframe.
- Alternate timeframe feature allows you to configure the oscillator to use data from a different timeframe than the chart it is loaded on.
- Indications where the Stoch RSI is crossing down from above the overbought threshold (<80) and crossing above the oversold threshold (>20) levels on a given user selected timeframe, by printing gold dots on the indicator.
- Also includes standard configurable Stoch RSI options, including k length, d length, RSI length, Stochastic length, and source type (close, hl2, etc)
While this version of the Stochastic RSI has the ability to draw divergences in realtime along with related settings and alerts so you can be notified as divergences occur without spending all day watching the charts, the main purpose of this indicator was to provide the triple multiple-timeframe overbought and oversold confluence signals and alerts, in an attempt to add more confluence, weight and reliability to the single timeframe overbought and oversold states, commonly used for trade entry confluence. It's primary purpose is intended for scalping on lower timeframes, typically between 1-15 minutes. The triple timeframe overbought can often indicate near term reversals to the downside, with the triple timeframe oversold often indicating neartime reversals to the upside. The default timeframes for this confluence are set to check the 1 minute, 5 minute, and 15 minute timeframes, ideal for scalping the < 15 minute charts.
The Stochastic RSI
The popular oscillator has been described as follows:
“The Stochastic RSI is an indicator used in technical analysis that ranges between zero and one (or zero and 100 on some charting platforms) and is created by applying the Stochastic oscillator formula to a set of relative strength index (RSI) values rather than to standard price data. Using RSI values within the Stochastic formula gives traders an idea of whether the current RSI value is overbought or oversold. The Stochastic RSI oscillator was developed to take advantage of both momentum indicators in order to create a more sensitive indicator that is attuned to a specific security's historical performance rather than a generalized analysis of price change.”
How do traders use overbought and oversold levels in their trading?
The oversold level, that is when the Stochastic RSI is above the 80 level is typically interpreted as being 'overbought', and below the 20 level is typically considered 'oversold'. Traders will often use the Stochastic RSI at an overbought level as a confluence for entry into a short position, and the Stochastic RSI at an oversold level as a confluence for an entry into a long position. These levels do not mean that price will necessarily reverse at those levels in a reliable way, however. This is why this version of the Stoch RSI employs the triple timeframe overbought and oversold confluence, in an attempt to add a more confluence and reliability to this usage of the Stoch RSI.
What are divergences?
Divergence is when the price of an asset is moving in the opposite direction of a technical indicator, such as an oscillator, or is moving contrary to other data. Divergence warns that the current price trend may be weakening, and in some cases may lead to the price changing direction.
There are 4 main types of divergence, which are split into 2 categories;
regular divergences and hidden divergences. Regular divergences indicate possible trend reversals, and hidden divergences indicate possible trend continuation.
Regular bullish divergence: An indication of a potential trend reversal, from the current downtrend, to an uptrend.
Regular bearish divergence: An indication of a potential trend reversal, from the current uptrend, to a downtrend.
Hidden bullish divergence: An indication of a potential uptrend continuation.
Hidden bearish divergence: An indication of a potential downtrend continuation.
Setting alerts.
With this indicator you can set alerts to notify you when any/all of the above types of divergences occur, on any chart timeframe you choose, and also when the triple timeframe overbought and oversold confluences occur.
Configurable pivot lookback values.
You can adjust the default pivot lookback values to suit your prefered trading style and timeframe. If you like to trade a shorter time frame, lowering the default lookback values will make the divergences drawn more sensitive to short term price action. By default, this indicator has enabled the automatic adjustment of the pivot periods for 4 configurable timeframes, in a bid to optimise the divergences drawn when the indicator is loaded onto any of the 4 timeframes. These timeframes and the auto adjusted pivot periods on each of them can also be reconfigured within the settings menu.
How do traders use divergences in their trading?
A divergence is considered a leading indicator in technical analysis , meaning it has the ability to indicate a potential price move in the short term future.
Hidden bullish and hidden bearish divergences, which indicate a potential continuation of the current trend are sometimes considered a good place for traders to begin, since trend continuation occurs more frequently than reversals, or trend changes.
When trading regular bullish divergences and regular bearish divergences, which are indications of a trend reversal, the probability of it doing so may increase when these occur at a strong support or resistance level . A common mistake new traders make is to get into a regular divergence trade too early, assuming it will immediately reverse, but these can continue to form for some time before the trend eventually changes, by using forms of support or resistance as an added confluence, such as when price reaches a moving average, the success rate when trading these patterns may increase.
Typically, traders will manually draw lines across the swing highs and swing lows of both the price chart and the oscillator to see whether they appear to present a divergence, this indicator will draw them for you, quickly and clearly, and can notify you when they occur.
Disclaimer: This script includes code from the stock UO by Tradingview as well as the Divergence for Many Indicators v4 by LonesomeTheBlue.
CryptoCoelloESP----El indicador CryptoCoello es un indicador basado en scalping, se recomienda usar en tendencias de 1,3,5 minutos. Útil para todo tipo de activos y gráficas. El indicador dará una señal de compra cuando el precio haya tenido un desplome grande y llegue a puntos de sobreventa en RSI, RSI stochastic y Volumen diario. Dará señal de compra cuando las 3 sobreventas confluyan. Lo más probable es que el precio rebote en el corto plazo. La única que vez que no funciona es cuando hay un desplome en el activo y por lo tanto da señales falsas mientras sigue bajando, así que es recomendable que entres en la señal de compra solo una vez, si el precio sigue bajando y sigue dando señales no sigas abriendo compras, si se trata de un desplome posiblemente te llegue a dar de 1-4 señales falsas de compra. Los puntos de venta se recomiendan hacer cuando el RSI llegue a sobrecompra o cuando el precio llegue a la línea verde superior del indicador. Se puede usar el indicador solo o se puede usar el indicador como confluencia de tu propia estrategia. EL FUNDAMENTO DEL INDICADOR es ENCONTRAR CONFUELCIAS DE SOBREVENTA en los INDICADORES.
ENG----The CryptoCoello indicator is an indicator based on scalping, it is recommended to use in trends of 1,3,5 minutes. Useful for all types of assets and graphics. The indicator will give a buy signal when the price has had a big crash and reaches oversold points on RSI, Stochastic RSI and Daily Volume. It will give a buy signal when the 3 oversold come together. Most likely, the price will bounce in the short term. The only time it does not work is when there is a crash in the asset and therefore it gives false signals while it continues to fall, so it is recommended that you enter the buy signal only once, if the price continues to fall and continues to give signals do not continue to open purchases, if it is a crash it may give you 1-4 false purchase signals. Sell points are recommended to be done when the RSI becomes overbought or when the price reaches the upper green line of the indicator. You can use the indicator alone or you can use the indicator as a confluence of your own strategy. THE RATIONALE OF THE INDICATOR is TO FIND OVERSOLD CONFUELCIAS in the INDICATORS.
vStrat Algo 2.0vStrat Algo 2.0 is a Non-Repainting toolkit that works on any market such as stocks, crypto, forex, indices, commodities, etc. There are 8 advanced features that traders can use to help them create their own strategies. vStrat Algo 2.0 offers 10 sensitivity presets that they can choose from, making this toolkit suitable for every trading style whether it's scalping, day trading, swinging, or position trading.
I. Non-Repainting
When an indicator is Repainting , it changes its values as new data arrives, making it an unreliable indicator especially for Buy and Sell signals but this does not necessarily mean that the indicator is less accurate. vStrat Algo 2.0 does not repaint so the signals that were triggered in real time will stay the same during backtesting. If Non-Repainting is disabled, the signal that was triggered on a candle might disappear as new data arrives and once that candle closes, the signal might not even be there anymore, but it could get triggered on the next candle instead.
II. Signal Sensitivity
The Buy and Sell signals are highly accurate but the placement of each signal will differ for each selected preset. The higher the sensitivity (3.0 - 5.0), the more signals will be displayed on the chart. This setting works well when scalping using lower timeframes (1 min - 5 min). As the sensitivity lowers (0.5 - 2.5), less signals are displayed on the chart. If you are day trading or swinging, the lower presets are recommended as they are smoothed and will have less noise. Lower sensitivity works well on any timeframe.
III. Safe Mode
This feature hides any Buy and Sell signals that are triggered within the Consolidation Zones. The signals can still vary depending on the sensitivity, CZ Smoothing and CZ Length. The default setting is "3" and "7". "Unfiltered" must be unchecked for the signals to disappear.
IV. Unfiltered Signals
All Buy and Sell signals are displayed on the chart. This feature must be disabled if "Safe Mode" is enabled.
V. Trend Candle Colouring
This changes the bar colors depending on its trend. Green if it's trending up and red if it's trending down.
VI. Trend Cloud
Trend Cloud indicates the current market trend. This can also be used as a confluence to the Buy and Sell signals. Wider cloud indicates a strong momentum on either direction. As the cloud narrows, it could mean a possible reversal.
VII. Pivot Points
Pivot Points are useful for identifying significant support and resistance levels as well as identifying entry, exit, stop loss, and target profit levels.
VIII. Consolidation Zones
Consolidation Zones can be used to identify if the market is ranging. If enabled, it changes the colors of the bars that have low momentum to yellow. It is best to wait for a breakout to enter a trade but you can still be profitable when the market is ranging by trading based off Support and Resistance Levels and Imbalance Zones. Default setting is: Smoothing "3" and Length "7".
IX. Take Profit Levels
Take Profit signals are displayed on the chart as yellow "x". Once the algo detects a potential reversal, a Take Profit signal will be triggered so the user can lock in their profits. The signals can appear more than once so you have the option to keep holding as long as you know the risks. The lower the Length is, the more signals appear.
X. Alerts
Buy and Sell signal alerts can be created by clicking the three dots in the vStrat Algo 2.0 indicator tile.
Disclaimer:
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed, or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. Conduct your own due diligence or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this site, expressed, or implied herein, are committed at your own risk, financial or otherwise.
Trendlines Boll Ichi S1 by GammaprodI. How to use this indicator :
------------------------------
I.1. Set your teadingview theme to dark theme.
I.2. Gammaprod indicator is valid for forex, stock and but more valid for crypto.
I.3. Use three timeframe for more validation (choose between those, that fit to your trading style) :
- Timeframe 1m, 5m, and 15m for Scalping
- Timeframe 30m, 1h and 4h for Intraday
- Timeframe 4h, 1D and 1W for Swing Trading
I.4 Always use THREE INDICATORS FROM GAMMAPROD, those three indicators is back to back each other, by the way, I only made those three indicators only (for now) :
- Trendlines Boll Ichi S1 by Gammaprod
- MACD Volume S2 by Gammaprod
- Stoch RSI Divs Zone S2 by Gammaprod
============================================================================
II. How to setting :
--------------------
II.1. Trendlines Boll Ichi Crypto by Gammaprod
II.1.A. Support and Resistance
- Well if you familiar with this indicator you can add it, but recommended for Timeframe 30m or more
II.1.B. Trendlines Primary or Trendlines Secondary
- Timeframe 1m you DON'T NEED Trendlines Primary or Trendlines Secondary
- Timeframe 5m you DON'T NEED Trendlines Secondary, but you CAN ADD Trendlines Primary if you fell it helpful (for me, it is helpful to find where the candles start or the end trend or a consolidation or where the candles will surpass a resistance or a support).
- Timeframe 15m you DON'T NEED Trendlines Secondary, DEFENITELY add Trendlines Primary it will help to find where the candles stop or a consolidation or where the candles will surpass a resistance or a support).
- Timeframe 30m or more, DEFENITELY NEED BOTH Trendlines Primary and Secondary Trendlines, it will help to find where the candle stop or consolidation or where the candle will surpass a resistance or support).
II.1.C. Bollinger, Ichimoku Cloud and Lagging Span
- Please DON'T CHANGE IT at all, it's really helpful to know when and where to make an entry decesion or a trend or a consolidation, if you don't understand how to read it, you better to learn it first (on "how to read" section and "How to OPEN position" the section below)
II.2. Stoch RSI Divs Zone Crypto by Gammaprod (DON'T CHANGE IT)
II.3. MACD Volume Crypto by Gammaprod (DON'T CHANGE IT)
============================================================================
III. How to read :
------------------
III.1. Sell or Buy Priority :
III.1.A. Sell Priority
- Color background on macd and stoch rsi is pink or purple sell is the priority, (if you're not sure to buy, just wait until the best moment to sell)
III.1.B. Buy Priority
- Color background on macd and stoch rsi Teal or light green buy is the priority, (if you're not sure to sell, just wait until the best moment to buy)
III.1.C. Indecision / Golden Moment
- Color background on stoch rsi yellow is indecision / golden moment of reversal pattern (wait until it formed background only on Stoch RSI), please be careful at this moment.
III.2. Trend / Consolidation :
III.2.A. BULLISH trend
- When Stoch RSI and MACD have teal or light green background that's means BULLISH trend, better to confirm by the candle is above green cloud and lagging span (red line) is also above the candle.
III.2.B. BEARISH trend
- When Stoch RSI and MACD have the Pink or purple background that's means BEARISH trend, better to confirm by the candle is above purple cloud and lagging span (red line) is also below the candle.
III.2.C. CONSOLIDATION
- When Stoch RSI have the mix background that's means CONSOLIDATION, better to confirm by the candle is in or near to green / purple cloud and lagging span (red line) is also on the candle.
III.3. Special Mark
III.3.A. Ideal Bullish :
- Near line 20 and green / teal background = When Stoch RSI have the char R / H on lime color label, that's means divergence or hidden divergence for buy position, if you not see this label that's means just a standard confirmation for buy
III.3.B. Not an Ideal Bullish :
- Near line 80 and green / teal background = if this happens make sure you know what happen, it could be a false signal or bullish continual pattern
III.3.C. Ideal Bearish :
- Near line 80 and pink / purple background = When Stoch RSI have the char R / H on lime color label, that's means divergence or hidden divergence for buy position, if you not see this label that's means just a standard confirmation for sell position.
III.3.D. Not an Ideal Bearish:
- Near line 20 and pink / purple background = if this happens make sure you know what happen, it could be a false signal or bearish continual pattern
III.3.E. The Beginning of Reversal (from BEARISH to BULLISH) :
- When Stoch RSI line shaping GREEN position is near 20.
- MACD lines still PINK, position lines is UNDER the HISTOGRAM, but the HISTOGRAM start to SHAPE FALL PINK (light pink) and the BACKGROUND still PINK / PURPLE.
- Position CANDLES NEAR BLUE line, NEAR PURPLE CLOUD, and lagging span (red line) STILL ON the area candle. (it used to be confirmed with the golden moment).
III.3.F. The Beginning of Reversal (from BULLISH to BEARISH) :
- When Stoch RSI line shaping PINK position is near 80.
- MACD lines still GREEN, position lines is ABOVE the HISTOGRAM, but the HISTOGRAM start to SHAPE FALL GREEN (light green) and the BACKGROUND still TEAL / GREEN.
- Position CANDLES NEAR WHITE line, NEAR TEAL CLOUD, and lagging span (red line) STILL ON the area candle. (it used to be confirmed with the golden moment).
III.3.G. False Signals, or It could be a Golden Moment (better to see it on TF 15 or bigger):
- Near line 20 or 80 and yellow background = When Stoch RSI have the char R / H on color label, that's means divergence or hidden divergence for buy / sell position, if you not see this label that's means just a standard confirmation for buy / sell depends on where the Stoch RSI line if near 20 that's means buy, near 80 means sell
============================================================================
IV. How to OPEN position:
-------------------------
IV.1. Bullish
IV.1.A. Trendlines Boll Ichi S1 by Gammaprod
- The candles above the green cloud.
- Lagging span (red line) above the candles.
- then open buy near yellow line (the first option) / blue line (the second option) (always confirm the position with two other indicators below).
IV.1.B. MACD Volume S2 by Gammaprod
- Teal or Green background.
- The lines is shaped or shaping green.
- Better if at the green histogram.
IV.1.C. Stoch RSI Divs Zone S3 by Gammaprod
- Teal or Green background.
- The lines is shaping green.
- Better if on the bottom (at a range 20).
IV.2. Bearish
IV.2.A. Trendlines Boll Ichi S1 by Gammaprod
- The candles below the purple cloud.
- Lagging span (red line) below the candles.
- then open buy near yellow line (the first option) / white line (the second option) (always confirm the position with two other indicators below).
IV.2.B. MACD Volume S2 by Gammaprod
- Pink or purple background.
- The lines are shaped or shaping green.
- Better if at the pink histogram.
IV.2.C. Stoch RSI Divs Zone S3 by Gammaprod
- Pink or purple background.
- The lines are shaping pink.
- Better if the line on the top (at a range 80).
IV.3. Consolidation
IV.3.A. Trendlines Boll Ichi S1 by Gammaprod
- The candles on the cloud (green or purple).
- Lagging span (red line) on the candles.
- then open buy near the white or blue line (always confirm the position with two other indicators below).
IV.3.B. MACD Volume S2 by Gammaprod
- Changing the background.
- The line is near the middle line.
- Have small Histogram.
IV.3.C. Stoch RSI Divs Zone S3 by Gammaprod
- Mix background specially on a timeframe 15m or more.
- The line move fast up and down.
- Better if on the bottom or the top of the lines (at a range 20 or 80).
============================================================================
>> The secret ingredient is comparing the timeframe :
The example scalping (Timeframe 1m, 5m and 15m)
- TF 1m is for making an open position.
- TF 5m is for making a judgement of the trend market.
- TF 15m is to confirm that judgement from TF 5m, be careful if it not similar then it used to be a consolidation or the beginning of the reversal.
There's a lot a way to open the position than above information that i gave it to you, but consider there are a limit chars on this column, I hope it will help your trading and make a more profit on it.
Heiken Ashi MTF Oracle [JoseMetal]============
ENGLISH
============
- Description:
This indicator shows a 3 Multi Time Frame (MTF) Heiken Ashi candlestick oracle.
It shows 3 different lines with changes between bullish and bearish Heiken Ashi candlesticks for 3 automatic or custom timeframes.
It has alerts for LONG and SHORT (when all timeframes agree in the same candle).
- Visual:
Each line represents the color of the Heiken Ashi candlestick on a different timeframe, by default, green is bullis and red is bearish.
A square (configurable) shows the change between bullish and bearish.
When the combination of the 3 timeframes occur (3 bull or bear) the background is highlighted, after that as long as they agree the background will remain with that color.
- Customization:
As usual in my indicators, everything is customizable, timeframes are auto, but you can pick yours, colors, figures etc.
- Usage and recommendations:
Everything is good by default, it's recommended to use a x3 or x4 multiplier for the timeframes, example: 5 min, 15 min, 45 min or 5 min, 20 min and 60 min.
Personally, I use this in 1-3 min for scalping getting the very first time the 3 timeframes agree usually gives awesome entries.
Enjoy!
============
ESPAÑOL
============
- Descripción:
Este indicador muestra un oráculo de velas Heiken Ashi en 3 temporalidades diferentes (MTF).
Muestra 3 líneas diferentes con cambios entre velas Heiken Ashi alcistas y bajistas para 3 marcos temporales automáticos o personalizados.
Tiene alertas para LONG y SHORT (cuando todas las temporalidades coinciden en la misma vela).
- Visual:
Cada línea representa el color de la vela Heiken Ashi en un marco temporal diferente, por defecto, el verde es alcista y el rojo es bajista.
Un cuadrado (configurable) muestra el cambio entre alcista y bajista.
Cuando se produce la combinación de los 3 temporalidades (3 alcistas o bajistas) el fondo se resalta, después mientras coincidan el fondo permanecerá con ese color.
- Personalización:
Como es habitual en mis indicadores, todo es personalizable, los marcos de tiempo son automáticos, pero puedes elegir los tuyos, colores, figuras, etc.
- Uso y recomendaciones:
Todo está bien por defecto, se recomienda usar un multiplicador x3 o x4 para las temporalidades, ejemplo: 5 min, 15 min, 45 min o 5 min, 20 min y 60 min.
Personalmente, uso éste indicador en 1-3 min para scalping, si entras la primera vez que las 3 temporalidades coinciden sueles coger un muy buen movimiento.
¡Que lo disfrutéis!
MACD Indicator for 5 Min ScalpThis Indicator merges the 1 min MACD with BollingerBands to dedect a bigger than avarage tick on the Macd for the 5 min Scalping Strategy
You can change the length of the bollinger bands for the upper and lower channel individually so that you can get better signals
if a tick is bigger than avarage it will be colored, else it would be gray
this is the same indicator i used to get entrys in my 5 min scalping statagy, but i wouldnt just go in a trade when there is a bigger than usual tick. You have to look at other things to
AI SwingAI Swing is an indicator that spot overbought over oversold situation.
This indicator is specialized for the forex market (but it can be used on the crypto market)
Please choose the type of indicator you want to use and choose the chart time accordingly :
AI Swing : use the daily chart
AI Intraday : use the 1 hour chart
AI Scalping : use the 15 minute chart
AI Swing est un indicateur qui met en évidence les périodes de sur achat et de sur vente
L'indicateur est spécialisé pour le forex (mais il peut être utilisé sur le marché crypto)
Choisissez le type d'indicateur que vous voulez utiliser et choisissez le temps du graphique approprié :
AI Swing : Utiliser le graphique en journalier
AI Intraday : Utiliser le graphique en une heure
AI Scalping : Utiliser le graphique en 15 minute
SCCI KRAKEN [JoseMetal]============
ENGLISH
============
- Description:
This indicator is a Smoothed Commodity Channel Index with crosses with a signal SMA.
It combines 4 different and configurable timeframes to find dips and tops.
It has several configurable timeframe combinations, so you don't have to reconfigure the indicator on each timeframe, you can have a preset for your favorite timeframes, anyway, default ones are already coded in.
The SMAs are not visible to avoid too many lines confusion, but there're signals on each cross.
- Visual:
So you have 4 lines, 1 for each timeframe, when the SCCI is increasing it takes a bullish color, bearish color if going down.
You can customize 2 color setups, simple and multicolor, in both cases you can configure every single color, the main difference is that using "simple" just shows the same bullish/bearish color for each line but multicolor allows to setup different colors for EACH line/timeframe.
Crossover/under symbol changes depending on strength zone, a crossover on oversold area (bottom/green) triggers a cross, as well as a cross under in the overbought area (top/red), dots are shown when the zones are inverted.
Background color changes when all the lines/timeframes are in the same area, for example, if all 4 lines are below 0 it starts getting green (oversold), while over 0 it gets red (overbought), extreme levels gets lighter.
- Customization:
As usual in my indicators, everything is customizable, periods for de CCI, smoothness for it, the SMA periods, colors, timeframe setups...
The oversold and overbought areas are also customizable, being able to set zones for each.
The indicator has an option to show a different asset, because some testers asked me to add this in order to COMPARE directly against another asset, for example, you can have the same indicator for your current asset (let's say ETH) and another SCCI Kraken showing BTC, doing this allows to check if the asset is more bullish/bearish compared to another asset.
- Usage and recommendations:
Everything is good by default, of you want more accurate crosses you can increase the SMA periods a little, 6-8 instead of 4.
For scalping maybe a good idea to reduce the strong areas and get more signals, anyway i use it as default.
Finally, if you want to find an excellent dip/top increase the distance between timeframes in your setup, for example, go to 1 min and set the other timeframes to 15M, 1H and 4H, you'll get fewer signals but veeery accurate (fewer trades, more precision).
============
ESPAÑOL
============
- Descripción:
Este indicador es un índice de canal de materias primas suavizado con cruces con una señal SMA.
Combina 4 marcos temporales diferentes y configurables para encontrar dips y tops.
Tiene varias combinaciones de marcos temporales configurables, por lo que no tiene que reconfigurar el indicador en cada marco temporal, puede tener un preset para sus marcos temporales favoritos, de todos modos, los predeterminados ya están codificados.
Las SMAs no son visibles para evitar la confusión de demasiadas líneas, pero hay señales en cada cruce.
- Visual:
Así que tienes 4 líneas, 1 para cada temporalidad, cuando el SCCI está aumentando toma un color alcista, color bajista si va hacia abajo.
Puedes personalizar 2 configuraciones de color, simple y multicolor, en ambos casos puedes configurar cada color, la principal diferencia es que usando "simple" solo muestra el mismo color alcista/bajista para cada línea pero multicolor permite configurar diferentes colores para CADA línea/marco de tiempo.
El símbolo de cruce/bajo cambia dependiendo de la zona de fuerza, un cruce en la zona de sobreventa (abajo/verde) provoca un cruce, así como un cruce bajo en la zona de sobrecompra (arriba/rojo), los puntos se muestran cuando las zonas están invertidas.
El color del fondo cambia cuando todas las líneas/marcos de tiempo están en la misma zona, por ejemplo, si las 4 líneas están por debajo de 0 empieza a ponerse verde (sobreventa), mientras que por encima de 0 se pone rojo (sobrecompra), los niveles extremos se ponen más claros.
- Personalización:
Como es habitual en mis indicadores, todo es personalizable, los periodos del CCI, la suavidad del mismo, los periodos de las SMA, los colores, las configuraciones de los marcos temporales...
Las zonas de sobreventa y sobrecompra también son personalizables, pudiendo establecer zonas para cada una de ellas.
El indicador tiene una opción para mostrar un activo diferente, ya que algunos testers me pidieron que añadiera esto para poder COMPARAR directamente contra otro activo, por ejemplo, puedes tener el mismo indicador para tu activo actual (digamos ETH) y otro SCCI Kraken mostrando BTC, haciendo esto permite comprobar si el activo es más alcista/bajista comparado con otro activo.
- Uso y recomendaciones:
Todo está bien por defecto, de querer cruces más precisos se pueden aumentar un poco los periodos de la SMA, 6-8 en vez de 4.
Para scalping quizás sea una buena idea reducir las zonas fuertes y obtener más señales, de todas formas yo lo uso por defecto.
Por último, si quieres encontrar un excelente dip/top aumenta la distancia entre los marcos de tiempo en tu configuración, por ejemplo, ve a 1 min y pon los otros marcos de tiempo a 15M, 1H y 4H, obtendrás menos señales pero muy precisas (menos operaciones, más precisión).
MACD Volume S2 By Gammaprod>> How to use this indicator :
1. Set your teadingview theme to dark theme.
2. My indicator is valid for forex, stock and but more valid for crypto.
3. Use three timeframe for more validation (choose between those, that fit to your trading style) :
- Timeframe 1m, 5m, and 15m for Scalping
- Timeframe 30m, 1h and 4h for Intraday
- Timeframe 4h, 1D and 1W for Swing Trading
4 . Always use THREE INDICATORS FROM GAMMAPROD, those three indicators is back to back each other, by the way, I only made those three indicators only (for now) :
- Trendlines Boll Ichi Crypto by Gammaprod
- Stoch RSI Divs Zone Crypto by Gammaprod
- MACD Volume Crypto by Gammaprod
>> How to setting :
1. Trendlines Boll Ichi Crypto by Gammaprod
A. Support and Resistence
- Well if you familiar with this indicator you can add it, but recommended for Timeframe 30m or more
B. Trendlines Primary or Trendlines Secondary
- Timeframe 1m you DON'T NEED Trendlines Primary or Trendlines Secondary
- Timeframe 5m you DON'T NEED Trendlines Secondary, but you CAN ADD Trendlines Primary if you fell it helpful (for me, it is helpful to find where the candles start or the end trend or a consolidation or where the candles will surpass a resistance or a support).
- Timeframe 15m you DON'T NEED Trendlines Secondary, DEFENITELY add Trendlines Primary it will help to find where the candles stop or a consolidation or where the candles will surpass a resistance or a support).
- Timeframe 30m or more, DEFENITELY NEED BOTH Trendlines Primary and Secondary Trendlines, it will help to find where the candle stop or consolidation or where the candle will surpass a resistance or support).
C. Bolinger, Ichimoku Cloud and Lagging Span
- Please DON'T CHANGE IT at all, it's really helpful to know when and where to make an entry decesion or a trend or a consolidation, if you don't understand how to read it, you better to learn it first (on "how to read" section and "How to OPEN position" the section below)
2. Stoch RSI Divs Zone Crypto by Gammaprod (DON'T CHANGE IT)
3. MACD Volume Crypto by Gammaprod (DON'T CHANGE IT)
>> How to read :
1. Sell or Buy Priority :
A. Buy Priority
- Color background on macd and stoch rsi is pink or purple sell is the priority, (if you're not sure to buy, just wait until the best moment to sell)
B. Buy Priority
- Color background on macd and stoch rsi Teal or light green buy is the priority, (if you're not sure to sell, just wait until the best moment to buy)
C. Indecision / Golden Moment
- Color background on stoch rsi yellow is indecision / golden moment of reversal pattern (wait until it formed background only on Stoch RSI), please becareful at this moment.
2. Trend / Consolidation :
A. BULLISH trend
- When Stoch RSI and MACD have teal or light green background that's means BULLISH trend, better to confirm by the candle is above green cloud and lagging span (red line) is also above the candle.
B. BEARISH trend
- When Stoch RSI and MACD have the Pink or purple background that's means BEARISH trend, better to confirm by the candle is above purple cloud and lagging span (red line) is also below the candle.
C. CONSOLIDATION
- When Stoch RSI have the mix background that's means CONSOLIDATION, better to confirm by the candle is in or near to green / purple cloud and lagging span (red line) is also on the candle.
3. Special Mark
A. Ideal Bullish :
- Near line 20 and green / teal background = When Stoch RSI have the char R / H on lime color label, that's means divergence or hidden divergence for buy position, if you not see this label that's means just a standard confirmation for buy
B. Not an Ideal Bullish :
- Near line 80 and green / teal background = if this happens make sure you know what happen, it could be a false signal or bullish continual pattern
C. Ideal Bearish :
- Near line 80 and pink / purple background = When Stoch RSI have the char R / H on lime color label, that's means divergence or hidden divergence for buy position, if you not see this label that's means just a standard confirmation for sell position.
D. Not an Ideal Bearish:
- Near line 20 and pink / purple background = if this happens make sure you know what happen, it could be a false signal or bearish continual pattern
E. The Beginning of Reversal (from BEARISH to BULLISH) :
- When Stoch RSI line shaping GREEN position is near 20.
- MACD lines still PINK, position lines is UNDER the HISTOGRAM, but the HISTOGRAM start to SHAPE FALL PINK (light pink) and the BACKGROUND still PINK / PURPLE.
- Position CANDLES NEAR BLUE line, NEAR PURPLE CLOUD, and lagging span (red line) STILL ON the area candle. (it used to be confirmed with the golden moment).
F. The Beginning of Reversal (from BULLISH to BEARISH) :
- When Stoch RSI line shaping PINK position is near 80.
- MACD lines still GREEN, position lines is ABOVE the HISTOGRAM, but the HISTOGRAM start to SHAPE FALL GREEN (light green) and the BACKGROUND still TEAL / GREEN.
- Position CANDLES NEAR WHITE line, NEAR TEAL CLOUD, and lagging span (red line) STILL ON the area candle. (it used to be confirmed with the golden moment).
G. False Signals, or It could be a Golden Moment (better to see it on TF 15 or bigger):
- Near line 20 or 80 and yellow background = When Stoch RSI have the char R / H on color label, that's means divergence or hidden divergence for buy / sell position, if you not see this label that's means just a standard confirmation for buy / sell depends on where the Stoch RSI line if near 20 that's means buy, near 80 means sell
>> How to OPEN position:
A. Bullish
1. Trendlines Boll Ichi Crypto by Gammaprod
- The candles above the green cloud.
- Lagging span (red line) above the candles.
- then open buy near yellow line (the first option) / blue line (the second option) (always confirm the position with two other indicators below).
2. Stoch RSI Divs Zone Crypto by Gammaprod
- Teal or Green background.
- The lines is shaping green.
- Better if on the bottom (at a range 20).
3. MACD Volume Crypto by Gammaprod
- Teal or Green background.
- The lines is shaped or shaping green.
- Better if at the green histogram.
B. Bearish
1. Trendlines Boll Ichi Crypto by Gammaprod
- The candles below the purple cloud.
- Lagging span (red line) below the candles.
- then open buy near yellow line (the first option) / white line (the second option) (always confirm the position with two other indicators below).
2. Stoch RSI Divs Zone Crypto by Gammaprod
- Pink or purple background.
- The lines are shaping pink.
- Better if the line on the top (at a range 80).
3. MACD Volume Crypto by Gammaprod
- Pink or purple background.
- The lines are shaped or shaping green.
- Better if at the pink histogram.
C. Consolidation
1. Trendlines Boll Ichi Crypto by Gammaprod
- The candles on the cloud (green or purple).
- Lagging span (red line) on the candles.
- then open buy near the white or blue line (always confirm the position with two other indicators below).
2. Stoch RSI Divs Zone Crypto by Gammaprod
- Mix background specially on a timeframe 15m or more.
- The line move fast up and down.
- Better if on the bottom or the top of the lines (at a range 20 or 80).
3. MACD Volume Crypto by Gammaprod
- Changing the background.
- The line is near the middle line.
- Have small Histogram.
>> The secret ingridient is comparing the timeframe :
The example scalping (Timeframe 1m, 5m and 15m)
- TF 1m is for making an open position.
- TF 5m is for making a judgement of the trend market.
- TF 15m is to confirm that judgement from TF 5m, be careful if it not similar then it used to be a consolidation or the beginning of the reversal.
There's a lot a way to open the position than above information that i gave it to you, but consider there are a limit char on this column, I hope it will help your trading and make a more profit on it.
Stoch RSI, Div, Zone S3 by Gammaprod>> How to use this indicator :
1. Set your teadingview theme to dark theme.
2. My indicator is valid for forex, stock and but more valid for crypto.
3. Use three timeframe for more validation (choose between those, that fit to your trading style) :
- Timeframe 1m, 5m, and 15m for Scalping
- Timeframe 30m, 1h and 4h for Intraday
- Timeframe 4h, 1D and 1W for Swing Trading
4 . Always use THREE INDICATORS FROM GAMMAPROD, those three indicators is back to back each other, by the way, I only made those three indicators only (for now) :
- Trendlines Boll Ichi Crypto by Gammaprod
- Stoch RSI Divs Zone Crypto by Gammaprod
- MACD Volume Crypto by Gammaprod
>> How to setting :
1. Trendlines Boll Ichi Crypto by Gammaprod
A. Support and Resistence
- Well if you familiar with this indicator you can add it, but recommended for Timeframe 30m or more
B. Trendlines Primary or Trendlines Secondary
- Timeframe 1m you DON'T NEED Trendlines Primary or Trendlines Secondary
- Timeframe 5m you DON'T NEED Trendlines Secondary, but you CAN ADD Trendlines Primary if you fell it helpful (for me, it is helpful to find where the candles start or the end trend or a consolidation or where the candles will surpass a resistance or a support).
- Timeframe 15m you DON'T NEED Trendlines Secondary, DEFENITELY add Trendlines Primary it will help to find where the candles stop or a consolidation or where the candles will surpass a resistance or a support).
- Timeframe 30m or more, DEFENITELY NEED BOTH Trendlines Primary and Secondary Trendlines, it will help to find where the candle stop or consolidation or where the candle will surpass a resistance or support).
C. Bolinger, Ichimoku Cloud and Lagging Span
- Please DON'T CHANGE IT at all, it's really helpful to know when and where to make an entry decesion or a trend or a consolidation, if you don't understand how to read it, you better to learn it first (on "how to read" section and "How to OPEN position" the section below)
2. Stoch RSI Divs Zone Crypto by Gammaprod (DON'T CHANGE IT)
3. MACD Volume Crypto by Gammaprod (DON'T CHANGE IT)
>> How to read :
1. Sell or Buy Priority :
A. Buy Priority
- Color background on macd and stoch rsi is pink or purple sell is the priority, (if you're not sure to buy, just wait until the best moment to sell)
B. Buy Priority
- Color background on macd and stoch rsi Teal or light green buy is the priority, (if you're not sure to sell, just wait until the best moment to buy)
C. Indecision / Golden Moment
- Color background on stoch rsi yellow is indecision / golden moment of reversal pattern (wait until it formed background only on Stoch RSI), please becareful at this moment.
2. Trend / Consolidation :
A. BULLISH trend
- When Stoch RSI and MACD have teal or light green background that's means BULLISH trend, better to confirm by the candle is above green cloud and lagging span (red line) is also above the candle.
B. BEARISH trend
- When Stoch RSI and MACD have the Pink or purple background that's means BEARISH trend, better to confirm by the candle is above purple cloud and lagging span (red line) is also below the candle.
C. CONSOLIDATION
- When Stoch RSI have the mix background that's means CONSOLIDATION, better to confirm by the candle is in or near to green / purple cloud and lagging span (red line) is also on the candle.
3. Special Mark
A. Ideal Bullish :
- Near line 20 and green / teal background = When Stoch RSI have the char R / H on lime color label, that's means divergence or hidden divergence for buy position, if you not see this label that's means just a standard confirmation for buy
B. Not an Ideal Bullish :
- Near line 80 and green / teal background = if this happens make sure you know what happen, it could be a false signal or bullish continual pattern
C. Ideal Bearish :
- Near line 80 and pink / purple background = When Stoch RSI have the char R / H on lime color label, that's means divergence or hidden divergence for buy position, if you not see this label that's means just a standard confirmation for sell position.
D. Not an Ideal Bearish:
- Near line 20 and pink / purple background = if this happens make sure you know what happen, it could be a false signal or bearish continual pattern
E. The Beginning of Reversal (from BEARISH to BULLISH) :
- When Stoch RSI line shaping GREEN position is near 20.
- MACD lines still PINK, position lines is UNDER the HISTOGRAM, but the HISTOGRAM start to SHAPE FALL PINK (light pink) and the BACKGROUND still PINK / PURPLE.
- Position CANDLES NEAR BLUE line, NEAR PURPLE CLOUD, and lagging span (red line) STILL ON the area candle. (it used to be confirmed with the golden moment).
F. The Beginning of Reversal (from BULLISH to BEARISH) :
- When Stoch RSI line shaping PINK position is near 80.
- MACD lines still GREEN, position lines is ABOVE the HISTOGRAM, but the HISTOGRAM start to SHAPE FALL GREEN (light green) and the BACKGROUND still TEAL / GREEN.
- Position CANDLES NEAR WHITE line, NEAR TEAL CLOUD, and lagging span (red line) STILL ON the area candle. (it used to be confirmed with the golden moment).
G. False Signals, or It could be a Golden Moment (better to see it on TF 15 or bigger):
- Near line 20 or 80 and yellow background = When Stoch RSI have the char R / H on color label, that's means divergence or hidden divergence for buy / sell position, if you not see this label that's means just a standard confirmation for buy / sell depends on where the Stoch RSI line if near 20 that's means buy, near 80 means sell
>> How to OPEN position:
A. Bullish
1. Trendlines Boll Ichi Crypto by Gammaprod
- The candles above the green cloud.
- Lagging span (red line) above the candles.
- then open buy near yellow line (the first option) / blue line (the second option) (always confirm the position with two other indicators below).
2. Stoch RSI Divs Zone Crypto by Gammaprod
- Teal or Green background.
- The lines is shaping green.
- Better if on the bottom (at a range 20).
3. MACD Volume Crypto by Gammaprod
- Teal or Green background.
- The lines is shaped or shaping green.
- Better if at the green histogram.
B. Bearish
1. Trendlines Boll Ichi Crypto by Gammaprod
- The candles below the purple cloud.
- Lagging span (red line) below the candles.
- then open buy near yellow line (the first option) / white line (the second option) (always confirm the position with two other indicators below).
2. Stoch RSI Divs Zone Crypto by Gammaprod
- Pink or purple background.
- The lines are shaping pink.
- Better if the line on the top (at a range 80).
3. MACD Volume Crypto by Gammaprod
- Pink or purple background.
- The lines are shaped or shaping green.
- Better if at the pink histogram.
C. Consolidation
1. Trendlines Boll Ichi Crypto by Gammaprod
- The candles on the cloud (green or purple).
- Lagging span (red line) on the candles.
- then open buy near the white or blue line (always confirm the position with two other indicators below).
2. Stoch RSI Divs Zone Crypto by Gammaprod
- Mix background specially on a timeframe 15m or more.
- The line move fast up and down.
- Better if on the bottom or the top of the lines (at a range 20 or 80).
3. MACD Volume Crypto by Gammaprod
- Changing the background.
- The line is near the middle line.
- Have small Histogram.
>> The secret ingridient is comparing the timeframe :
The example scalping (Timeframe 1m, 5m and 15m)
- TF 1m is for making an open position.
- TF 5m is for making a judgement of the trend market.
- TF 15m is to confirm that judgement from TF 5m, be careful if it not similar then it used to be a consolidation or the beginning of the reversal.
There's a lot a way to open the position than above information that i gave it to you, but consider there are a limit char on this column, I hope it will help your trading and make a more profit on it.
Deluxo Dow Kill ZonesCAPITALCOM:US30
Edit* under settings remove the plot line its not needed.
Deluxo Capital
Dow Kill Zone Indicator
PLEASE READ ALL
About: This will help you find large moves that happen often on US30. This will work for gj and probably other indices but I've designed this to work for US30 day trades.
If I see a trade I will scalp within the blue zone, besides that the best trades are anywhere outside the colored zones and you will generally find good entry's/exits just as those zones end.
So you're just scalping between these zones. Stay with me tho.
How to use: You can trade the blue session or wait it out because that's a high risk area but with time you will enjoy trading it as you get to know how price reacts or how the order blocks/order flow looks.
This works for: Day trades mainly but can be for swing trades.
Time fame USE: 1-15min I like 5-15m
Red Zone = This zone I like to enter shorts or longs all the way to the blue zone depending how price action reacted to the Asian high or low. Was the Asian high taken out?/was the Asian low taken out? Trades are taken around when this zone ends down to the blue zone.
Blue Zone = Modified New York Session hours High vol window good scalps or enter trades after the blue zone to the next zone the
Gray zone = 30 min Pre-Spread Warning. This zone is always the best time to exit your trades its just grays out 30 min before spreads open up. Some of the best trades are after the blue zone to this gray zone.
EXTRA* I also use this indicator and I recommend you to use this aswell these two together work great I use them daily.
AsiaSessionHighLowMidLines by marekmajer
This is my personal system for scalping dow. I hope this helps you as much as it helps me and I'm sure as you see how price reacts you too can see the value in this. Please enjoy!
You can adjust the colors and remove the plot line over the candles I don't code well this is my first time I just tossed this together and I can't remove the plot line so just uncheck it.
Thank you
Deluxo Capital
Bogdan Ciocoiu - Code runnerDescription
The Code Runner is a hybrid indicator that leverages other pre-configured, integrated open-source algorithms to help traders spot regular and continuation divergences.
The Code Runner specialises in integrating some of the most popular oscillators well known for their accuracy when scalping using divergence strategies.
Uniqueness
The Code Runner stands out as a one-stop-shop pack of oscillator algorithms that traders can further customise to spot divergences.
The indicator's uniqueness stands from its capability to recast each algorithm to apply to the same scale. This feature is achieved by manually adjusting the outputs of each algorithm to fit on a scale between +100 and -100.
Another benefit of the Code Runner comes from its standardisation of outputs, mainly consisting of lines. Showing lines enables traders to draw potential regular and continuation divergences quickly.
The indicator has been pre-configured to support scalping at 1-5 minutes.
Open-source
The Code Runner uses the following open-source scripts and algorithms:
www.tradingview.com
www.tradingview.com
www.tradingview.com
www.tradingview.com
www.tradingview.com
www.tradingview.com
www.tradingview.com
www.tradingview.com
These algorithms are available in the public domain either in TradingView space or outside (given their popularity in the financial markets industry).
TT Price/Trend IndicatorThe TT Price/Trend Indicator identifies potential trend changes and advises of safe places to set orders at retracements.
Main Signals:
When a "BUY" signal prints, it is suggested to set a buy order at the Blue trendline and wait until price retraces back.
When a "SELL" signal prints, it is suggested to set a short order at the Blue trendline and wait until price rises up.
Take Profit:
The Reactive Trendline (the thick line that switches from Green to Red, and Red to Green frequently) is good at finding local bottoms.
It is suggested to Take Profit on your Long once you see the first switch from Green to Red. If the Reactive Trendline is already Red when your LONG order is filled, wait until it goes from Red-Green-Red to Take Profit.
It is suggested to Take Profit on your Short once you see the first switch from Red to Green. If the Reactive Trendline is already Green when your SHORT order is filled, wait until it goes from Green-Red-Green to Take Profit.
Stop Loss Suggestions:
If you are LONG (BUY), set your Stop/Loss to slightly below the last Higher Low (HL)
If you are SHORT (SELL), set your Stop/Loss to slightly above the last Lower High (LH)
Alternatively, if you want to maximise your Risk:Reward ratio, you can CLOSE your order once a candle engulfs and closes over both the Blue Line AND the Grey Line. Once these levels are broken and you are underwater, the risk to hold that position is no longer worth it. However, this approach can shake you out of winning trades, so I advise you to use other strategies such as Volume, Fibonnaci and RSI etc to help you make a final decision.
Important: If you are taking this approach, don't panic sell - wait for the close of the current engulfing candle to make this decision, because quite often it will just be a wick up or down in your favour.
What are the best Strategies?
The best timeframes are as follows:
- 1 Hour
- 2 Hour
- 4 Hour
- 1 Day
- 1 Week
My Favourite is 1 Hour.
Scalping for advanced traders:
- 1 minute
- 5 minutes
If you are scalping, it is highly recommended to use the TT Volume Indicator as well, to confirm price with volume (see scripts under my profile). Price on its own will not be good enough.
I also recommend the RSI with a 14 SMA to identify Strength breakouts.
Other Features:
- VWAP (Dotted Red/Green line) - this is common liquidity and can be one of the most important Support/Resistance levels in Crypto, which is why it is included.
Can you FOMO order?
Unless you are using this with a combination of other indicators (such as the TT Volume Indicator), it is not recommended to FOMO orders at the "BUY" or "SELL" signal unless you have a clear volume breakout. Please see this explanation on FOMO ordering for further information:
Vwap based Supply and Demand Heatmap_V1This is a Multi-time frame "Thermographic Vwap based heatmap" showing Highest volume Vwap supply and demand zones.
User has 3 inputs for time frames to choose from or layer. It comes preset with "Short" and "Mid" time frame enabled and user can choose to add an additional layer if they would like for longer time frame analysis. If ALL time frames are enabled, fewer levels will show overall due to the 500 map limit, But zones will become brighter, larger, and more "precise" as they overlap and seek out the highest volume concentration amongst all levels.
What is the map showing you?
The heat map goes through each user selected time frame and searches for the highest volume candle and plots a zone based of that candles Vwap and high. These zones act as dynamic support and resistance. Each zone will "Degrade" and disappear over time and show positive when price has broken, cleared and held above it. The shift in color however is not immediate in change, rather transitional, so as not to "Repaint" causing false sense of clearing a zone. All negative zones (Price below) are colored red. User can choose to change any of the maps color's if they would like.
Time frame MUST be larger than your current charts resolution.-
Example- If on a 3min chart, user would choose any time frame LARGER than 3 min to display a map from.
Time frames the zones work best on are 1,3,5,15 min, paired with maps such as "Daily, Weekly, 240min(4hr), 60min" etc for intraday scalping or trend style trading. If on a larger time frame, 60mi, 4hr, Daily, user would choose larger maps like Daily, Weekly, monthly only. User can choose to display all, or just one time frame's zone at a time if they would like. If on a smaller intraday chart, You can start with "Daily" map first, increase opacity if the map is to dark. Then add additional time frames up or down in time if you'd like so long as maps time frame is larger than the charts.
If on a 1, 3, or 5min chart, you can also try the 30,60, or 240min maps for finer granularity and "Scalping" support and resistance.
If you choose a set of time frames, and do not see maps interacting with current price, then cycle out to a higher chart time frame and maps that are one or two time frames higher than current chart resolution.
These maps are showing you where supply and demand are situated since they are looking for the "Highest Volume" candles in each time frame you choose-
The range cast from the highest volume launch candle have proven to be strong support or resistance. Think of "Trapped trader's" if viewing over head supply level's, these traders will sell into a push higher until cleared. Vice versa, if viewing a demand level below, think of a "Base", especially on higher time frames. An area of high volume participation, where buyer's have shown support, and launched a run from. When price cycles back to these zone's, one would expect support from them.
Each zone has a high or low, you will often see price discovery "Test" the high and low of each zone. Probing as they say in Auction market theory to see if there are still buyers, or seller's present. I will often wait for the probe of the high or low of a zone, then look to participate once they have wicked the area and cleared the inventory there and start to move to the opposing side of the zone I am looking to participate in. Think of "Value low, and Value high" in market or volume profile. Market maker's aim to test the participants "Max pain", and absorb stops in each direction. With that said the maps are not meant to be "Lines in the sand" or concrete level's, they are simply hot or cold zones where you could expect participation to happen, the "Hotter" or "Brighter" a zone is the higher the volume concentration is there at that price area. So act accordingly and use this as an addition to your analysis, not the ONLY thing you take into consideration.
With that said, Trading is RISKY, The creator of this code is NOT a licensed professional, and this tool, nor description is meant to be trading or financial advice! The user whom downloads this tool assumes ALL responsibility and liability associated with the financial risk that comes with the use of this analysis tool and trading in general. The creator of the code advises all users to do their due diligence and contact a licensed broker dealer before making ANY financial decision's based off of analysis done with this tool.
Any question's, Comments or concerns feel free to message via Tradingview platform.
Enjoy-
JMF
EURUSD INTRADAY BUY/SELL TRADING SIGNALS INDICATOREURUSD INTRADAY BUY/SELL TRADING SIGNALS INDICATOR
The Forex intraday trading indicator is specially designed for prediction and scalping EURUSD .
A feature of this indicator is the use of specially designed filters that filter out noise.
Thus, the efficiency and performance of the indicator has been improved. BUY and SELL signals show reversal points of local intraday trends,
and allowing scalping on the price movement.
The SELL indicator signal corresponds to the indication of a downward trend reversal.
The BUY signal corresponds to the indication of a trend reversal upward.
The principles of operation of the signal filters algorithm and refinement of entry points into positions are described below.
The indicator is based on a combination of the following indicators: MACD, Moving Average of various periods.
We use MACD divergence confirmation to identify a possible reversal or weakening of the trend.
Divergence (divergence of indicators) usually occurs when the indicator moves in the direction,
different from the price dynamics.
This could indicate that the momentum of the current trend is weakening.
When the price of the EURUSD currency reaches a higher price high,
while MACD is making a lower high. This is divergence.
After identifying the divergence, using the classic MACD crossover.
To filter signals, use the maximums of the MACD indicator,
in combination with the crossing of the Moving Average line.
This forex indicator is designed for trading on the EURUSD currency pair, timeframe: 45 minutes.
The forex signal indicator is intended for active traders of the EURUSD currency and will be useful as a supplement to any trading system, to indicate and clarify entry points to trading positions.
SF MARS Swing SystemOverview
The MARS (moving average rating system) is a long-only trend following indicator that visualizes trend strength across short & medium time ranges and generates potential entry/exit points designed for swing trading & scalping
Features
Trend Wave
Trend Ribbon
Potential Entry & Exit Targets
How To Use
Utilizing the potential entry & exit points displayed is recommended, however due to an immediate interest in a shorter timeframe as well, we have included trend ribbons as well for not only a confirmation of shifts in trend direction, but to also assist in shorter-term scalping methods in addition to swing trading.
A clear red-to-green transition for both the ribbons and the waves indicate bullish trend, and vice versa (green-to-red transition is bearish)
While it was designed with the concept of swing trading, you can see below that this indicator can prove to remain accurate within shorter time constraints as well.
As you adjust the chart to a larger range, you’ll notice that the waves are doing most of the work, while the ribbons essentially act as a second confirmation for trend analysis
Saper Aude [Alerts]Sapere Aude Strategy - Alerts
Trend based scalping strategy, to work on lower timeframes (15Minute - 1 Hour)
Calculations on ATR, strategy uses extra conditions to help filter out bad trades.
How to use the Indicator?
Simple as when green line shows below, that can be either a good entry point or a signal to start building limit orders on the plot.
I use the ATR as a trailing stop loss for exit.
vica versa for entering shorts. The strategy is only set up to take long positions though.
This is a great scalping strategy for bots in Ranging or up trending markets.
This scripts has 5 variations built within it which are fitted for certain coins & their timeframes
The coins included are
BTC /USDT 1 Hour
ETH/USDT 1 Hour
ADA/USDT 30 Minutes
DOGE/USDT 15 Minutes
LUNA/USDT/15 Minutes
You should find the preset alerts for these when you click "Add aler" on this indicator
You will see in the settings what default Stop losses I used
The script is written in Version 4
The strategy performs best on the Binance listings
EBB & Flow: a multi-EMA-based BB cloudIntro
This is an idea evolved out of the market maker method and EMA convergence, divergence, and mean reversion.
The market maker method informs us that the 5, 13, 50 and 200 EMAs are important to regulating price. Those EMA lengths are multiples of the 50 and 200 on lower major timeframes -- the 1 minute, 5, 15, 1H, 4H, 1D. I include the 21 because it is also a multiple and in crypto very often respected.
When market makers are testing price, they set their range and spike in the direction they test for liquidity. This can get chaotic. For instance, in a shorter time frame consolidation inside a bigger timeframe uptrend, it can be too easy to forget where you are in the many trends playing out.
When the EMAs are dragged over each other during normal price movement, you get these crisscrossing tracks of price, and the individual breaks can be hard to trace.
The range is what matters, ultimately, and the range is dynamic. In that case, the Bollinger Band is a great tool for detecting outliers in this case.
The Answer
So the answer this indicator seeks to give, is to look for outliers. This gives you a scalping strategy built on Traders Reality thinking and best put together with the PVSRA indicator, which I may include in this indicator just for the sake of concision, but they can work alongside each other or separately.
The key thing is the different EMA clouds, which are bollinger bands. Tight bands mean imminent breaks, favouring the trend. Vector candles out of a zone, pins to the low/high, etc. are all very relevant alongside this indicator.
You can also use it on its own and scalp the breaks of a cloud.
How it works
Each cloud is a standard deviation from their respective EMA, all in the same colour. The deviation multiple is 1.618 by default. Yes, fibonacci sequences are usually nonsense, but it works better with the BB than 2, 2.5 or 3.
Using just the clouds, you can see where each EMA is headed and how it behaves within the deviation of the others.
But that on its own isn't enough.
The indicator will also print snowflakes above and below the candle for notable outliers. It will be in the colour of the cloud it breaks, but only if that break is also breaking the smaller EMA clouds too.
The most snowflakes will be yellow because that's the 13 EMA. That one is dependent on nothing else and every break will print a snowflake. The 21 will be dependent on the 13. The 50 dependent on the 13 and 21 breaks. The 200 the most important.
For example, if the 200 EMA-BB or EBB is broken at the upper band, deviating by more than 162% of price over a 200 period EMA, and that break is not above the 50 EMA cloud, there will be no snowflake. However, if it exceeds the 13, 21, 50, and 200 clouds, then a purple snowflake will appear above the bar.
Any snowflake is an extreme in price. The purple is an especially good point of entry. That doesn't mean it is a perfect entry. You can build position from it, though, and be relatively certain of a price correction in the near future, because not only was this major EMA cloud violated, but all of the smaller ones too.
Reminder
You still need your PVSRA and candlesticks. This indicator on its own may have a nice hit rate for scalping and building position, as an alternative to the TDI or alongside it, but it is not enough on its own, just like the TDI.
Enjoy!
ATC RSI + EMA+SMA + Control Zones and crossover RSI is used to identify the strength of the trend and its limited between 0 and 100 and it fluctuates in this range. The most important levels are 50, 70 and 30
but I added other areas to it , including 89 and 13 , 61 and 38 Fibonacci levels and correction percentages i also add some other levels witch can act as a good
resistance and support areas .
this version is high smoothed version which means noises are taken so you can use crossovers to , they are so good for scalping .
actually crossovers are the confirmation of divergences Bull & Bearish divergence as well as hidden Bull & Bearish divergences
u can take confirmation from candlestick to .divergences is almost similar to macd divergences but with more filters
divergence is when price action is making two or more successive local highs or lows and the RSI oscillator makes a lower high or higher low .
color alert in oversold and over bought
two plot around baseline witch is a breakout confirmation very useful for scalping
colors ,setting ,everything coded. As default so u dont need to change it
ALERTS :: ALLinDivergence v10.0
Everything you see in this indicator has a designated purpose to ease your trading with predefined ALERTS of high quality. It pulls data from 7 different TimeFrames and it can not be more simpler visual representation of its calculations when applied on chart.
When applied on chart, it will colour your chart BARS/CANDLE to the colour PURPLE as that colour is well known colour of Relative Strength Indicator line that indicates overbought or oversold area. RSI is used as a main source of information/data for this indicator.
Second reason of colour PURPLE is that it cancels all the noise that default green/red bars have.
This indicator also has GREEN/RED colouring of BARS/CANDLES and they appear when something crucial is happening in the market. That something needs to be checked ASAP. This green/red coloured bars are just there to remind you that something can happen and it does not mean that market would actually change direction it is just a "friendly warning" you can use when creating alerts.
The best thing about this indicator is those full coloured GREEN/RED LITTLE DOTS.
They represent DIVERGENCES emerging and possible actual change of market direction. To be sure, you need to analyse your chart more in depth any way you prefer to get your needed confirmations. To do that, use your strategy that you have been using when trading up until now or even better, use indicator that I made and is called RSI :: ALLinDivergence v 10.0 -> It is a visual representation of ALERT :: ALLinDivergence v 10.0 indicator signals. Very easy to analyse in minutes.
HOW TO USE IT?
Rule 1.
TIMEFRAMES
Choose the best TimeFrame for the job. I use: 1min, 2min, 3min, 5min, 8min, 13min, 21min, 34min or 56min (golden ratio). You can also pick a different TF but only to up to 1h TF chart as it does not work well with TF over 1h. Smaller TF is used for SCALPING of DAY TRADING higher TF is used for SWING TRADING. You get the picture?
Rule 2
To ENTER A POSITION
Find the best TF that suits your needs. That depends on your trading style (day trading, scalping, swing trading, ect.). To know which TF is the best for you you also need to look for a good quality signals when looking the chart in the past (visual BACKTESTING). Signals from past should yield positive results.
When you wish to trade certain pair, find the best TF and from there you need to "Create Alert". Choose this indicator when creating alerts and from dropdown menu pick "GREEN" for Divergence BUY/LONG signals or "RED" Divergence SELL/SHORT signals. Then choose "Greater Than" and change the value to "1" (that will set off the alarm), choose how you want to be notified and then name the ALERT so you will know how it is made.
Do not forget to do your work and analyse your market situation best way you can and get needed confirmations before doing anything about it.
Rule 3
TO EXIT A POSITION
From the same TF as Divergence alerts are made from (Rule 2), you can make alerts that are just a "friendly warning" that something is happening on the market you are in an opened position. Instead of picking GREEN or RED from dropdown menu when creating alerts, you need to pick GREEN BARS or RED BARS and the rest is the same as with rule 2.
Rule 4
CONFIRMATIONS
Help yourself with any type of analysis you need to get the confirmations you need to enter or exit the position. Use the style you always have up until now. Or find a better one that is quicker and with good yield.
There is a great option that can change your way of thinking about trading and it is called RSI :: ALLinDivergence v 10.0 indicator that is used as a visual representation of ALERTS indicator. It takes literally minutes to do whole analysis - remember it uses data from 7 different TimeFrames and it is really good! Just find LowerHighs of RSI curve for SHORT or HigherLows for LONG.
BANK NIFTY | SCALP PROThis indicator is specifically designed for trading Bank Nifty (NSE) for intraday scalping
Today we live in a age of Day trading (~90% trades at the exchange are intra day trades ). This requires set of much sophisticated tools & techniques to analyze the charts.
Description :
This indicator is based on Price Action Theory, Volume Profiles and Moneyflow Analytics. It also incorporates important parameters of the underlying assets such as Banking stocks & key benchmark banking metrics. It shows the bias of the index at any given point of time.
USP: It reacts to changes in price & other critical parameters very fast identifying the best scalping opportunities
How to use ?
Timeframe : Time duration for each bar (Input to given to the indicator by user)
Notations used in the indicator:
B- Signal for Buy
S- Signal for Sell
CS- Close Shorts
CL- Close Longs
BookLong- Book all Longs
BookShort- Book all Shorts
Critical Pivot: This is the thick line which changes color green to maroon to grey. It gives an idea of bias in the market. Green color is for Bullish bias, Maroon for Bearish bias & Grey for Neutral
Swing High: The dynamic green line at the end of the charts
Swing Low : The dynamic red line at the end of the charts
Major uses of the Indicator:
1. Understanding the direction of Bank Nifty and understands levels for entry / exits --- B & S signals
2. Understanding SL levels in order to prevent loss during unforeseen events ------------- Break of the critical pivot( green/maroon line )
3. Understanding Trailing SL levels to hold on to the winners --------------------------------- Break of the Green/Red Line
Ideal Timeframes for this Indicator :
1.Scalping ( 3 min / 5 min/15 mins )
Disclaimer: This script/strategy is for educational purpose and individual use only. The author of this script/strategy will not accept any liability for loss or damage as a result of reliance on the information contained in the charts. Please be fully informed regarding the risks associated with trading the financial markets.
This is a premium indicator
If you want access to this indicator, please message me (Links/Email in description below )
