SEC-Combined Indicator with EMA LinesTitle: Combined Indicator with EMA Lines
Description:
The Combined Indicator with EMA Lines is a technical analysis tool that combines multiple indicators to provide insights into the market's strength and potential buying or selling opportunities. It incorporates the Relative Strength Index (RSI), Exponential Moving Average (EMA) lines, and the trend over the past three days to generate signals.
The indicator calculates a combined data value by assigning weights to the RSI, EMA, and past trend. The RSI measures the strength of price movements, while the EMA lines provide an indication of the average price over a specific period. The past trend considers the price behavior over the last three days. By combining these factors, the indicator offers a comprehensive view of market conditions.
Buy and sell signals are generated based on the change in the combined data. A buy signal occurs when there is an increase in the combined data above a specified threshold, indicating a potential buying opportunity. Conversely, a sell signal is triggered when there is a decrease in the combined data below a specified threshold, suggesting a potential selling opportunity.
The indicator also plots the EMA lines, which include the EMA High, EMA Average, and EMA Low. These lines provide additional visual cues about the price trend and potential support and resistance levels.
Traders can use the Combined Indicator with EMA Lines to identify potential entry and exit points in the market. It helps in capturing trends, evaluating price strength, and making informed trading decisions. The buy and sell signals, along with the EMA lines, aid in spotting potential reversals, confirming trends, and managing risk.
It's important to note that this indicator should be used in conjunction with other analysis techniques and risk management strategies. Traders should consider combining it with additional indicators, chart patterns, and fundamental analysis to enhance their trading decisions.
Remember to backtest and validate the indicator's performance using historical data before using it in real-time trading. Adjust the input parameters, such as RSI period, EMA period, and threshold values, to suit your trading style and market conditions.
Trade!
Rainbow IndicatorName of the indicator: Rainbow indicator
A brief description of the indicator:
Using this indicator, you can see the "margin of safety" for opening a position in shares of fundamentally strong companies with an acceptable P/E level, as well as the price range for closing a position.
The background to the creation of the indicator:
I got the idea to create this indicator thanks to the concept of the "margin of safety", which was invented by the father of value investing - Benjamin Graham. According to his idea, it is reasonable to buy shares of a company only when the price offered by the market is lower than the "intrinsic value" calculated on the basis of financial statements. The value of this difference is the "margin of safety”. At the same time, the indicator does not copy Graham's idea but develops it relying on my own methodology.
So, according to Graham, the "margin of safety" is a good discount to the intrinsic value of the company. That is, if a company's stock is trading at prices that are well below the company's intrinsic value (on a per-share basis), it's a good opportunity to consider buying it. In this case, you will have a certain margin of safety in case the company is in financial distress and its stock price goes down. Accordingly, the greater the discount, the better.
When it comes to the intrinsic value of a company, there are many approaches to determining it - from calculating the Price-to-book value financial ratio to the discounted cash flow method. As for my approach, I am not trying to find the cherished intrinsic value, but I am trying to understand how fundamentally strong the company is in front of me, and in how many years the investment in it will pay off. To determine fundamental strength, I use the appropriate Fundamental Strength Indicator . To estimate the payback period, I use the P/E ratio (*). If I am satisfied with both of these indicators, I move on to the Rainbow Indicator.
(*) If you want to learn more about the P/E ratio, I suggest reading my two articles on TradingView:
Price / Earnings: Interpretation #1
Price/Earnings: amazing interpretation #2
Indicator calculation methodology:
The Rainbow indicator starts with a simple moving average of one year (this is the thick red line in the center). Hereinafter a year will mean the last 252 trading days.
Applying a moving average of this length - is a good way to smooth out sharp price fluctuations which can happen during a year as much as possible, keeping the trend direction as much as possible. Thus, the moving average becomes for me the center of fluctuations of the imaginary pendulum of the market price.
Then the deviations are calculated from the center of fluctuations. To do this, a certain amount of earnings per share is subtracted from and added to the moving average. This is the diluted EPS of the last year.
Deviations with a "-" sign form the Lower Rainbow of four colors:
- The blue spectrum of the lower rainbow begins with a deflection of -4 EPS and ends with a deflection of -8 EPS.
- Green spectrum of the lower rainbow begins with a deflection of -8 EPS and ends with a deflection of -16 EPS.
- The orange spectrum of the lower rainbow begins with a deflection of -16 EPS and ends with a deflection of -32 EPS.
- Red spectrum of the lower rainbow begins with a deflection of -32 EPS and goes to infinity.
The Lower Rainbow is used to determine the price ranges that can be considered for buying stocks. It is in the spectra of the Lower Rainbow that the very "margin of safety" according to my methodology is located. The Lower Rainbow has the boundaries between the spectra as a solid line . And only the red spectrum of the Lower Rainbow has only one boundary.
Deviations with a "+" sign form the Upper Rainbow of four similar colors:
- The red spectrum of the upper rainbow begins with a deflection of 0 EPS and ends with a deflection of +4 EPS.
- The orange spectrum of the upper rainbow begins with a deflection of +4 EPS and ends with a deflection of +8 EPS.
- Green spectrum top rainbow begins with a deflection of +8 EPS and ends with a deflection of +16 EPS.
- The blue spectrum of the upper rainbow begins with a deflection of +16 EPS and goes to infinity.
The Upper Rainbow is used to determine the price ranges that can be considered for selling stocks already purchased. The top rainbow has boundaries between the spectra in the form of crosses . And only the blue spectrum of the upper rainbow has only one boundary.
The presence of the Empty Area (the size of 4 EPS) above the Lower Rainbow creates some asymmetry between the two rainbows - the Lower Rainbow looks wider than the Upper Rainbow. This asymmetry is deliberate because the market tends to fall much faster and deeper than it grows . Therefore, a wider Lower Rainbow is conducive to buying stocks at a good discount during a period of massive "sell-offs.
The situation, when the Lower Rainbow is below the center of fluctuations (the thick red line) and the Upper Rainbow, is above the center of fluctuations is called an Obverse . It is only possible to buy a stock in an Obverse situation .
The situation when the Lower Rainbow is above the center of fluctuations and the Upper Rainbow is below the center of fluctuations is called Reverse . In this situation, the stock cannot be considered for purchase , according to my approach.
Selling a previously purchased stock is possible in both situations: Reverse and Obverse. After loading the indicator, you can see a hint next to the closing price - Reverse or Obverse now.
Due to the fact that the size of the deviation from the center of fluctuation depends on the size of the diluted EPS, several important conclusions can be made:
- The Obverse situation is characteristic of companies that show a profit over the last year.
- The Reverse situation is typical for companies that show a loss over the last year.
- An increase in the width of both rainbows in the Obverse situation tells us about an increase in profits for the company.
- A decrease in the width of both rainbows in the Obverse situation tells us about a decrease in the company's profits.
- An increase in the width of both rainbows in the Reverse situation tells us about an increase in the company's losses.
- A decrease in the width of both rainbows in the Reverse situation tells us about a decrease in the company's losses.
- The higher the profit level of the company, the greater your "margin of safety" should be. This will provide the necessary margin of safety in case you go into a cycle of declining financial results. The appropriate width of the Lower Rainbow will just create this "margin".
- Increased profits in the company (after buying its stock) will allow you to stay in position longer by widening the Upper Rainbow.
- A decrease in profits in the company (after buying its stock) will allow you to close your position more quickly by narrowing the Upper Rainbow.
Conditions for opening and closing positions:
So, the Lower Rainbow has four differently colored spectra: blue, green, orange, and red. Each one highlights the desired range of prices acceptable for buying in an Obverse situation. The blue spectrum is upper with respect to the green spectrum, and the green spectrum is lower with respect to the blue spectrum, etc.
- If the current price is in the Blue Spectrum of the Lower Rainbow, that is a reason to consider that company for buying the first portion (*) of the stock.
- If the current price has fallen below (into the Green Spectrum of the Lower Rainbow), that is a reason to consider this company to buy a second portion of the stock.
- If the current price has fallen below (into the Orange Spectrum of the Lower Rainbow), it is a reason to consider this company to buy a third portion of the stock.
- If the current price has fallen below (into the Red Spectrum of the Lower Rainbow), that is a reason to consider that company to buy a fourth portion of the stock.
(*) The logic of the Rainbow Indicator implies that no more than 4 portions of one company's stock can be purchased. One portion refers to the number of shares you can consider buying at the current price (depending on your account size and personal diversification ratio - see information below).
The Upper Rainbow also has four differently colored spectra: blue, green, orange, and red. Each of them highlights the appropriate range of prices acceptable for closing an open position.
- If the current price is in the red spectrum of the Upper Rainbow, I close one portion of an open position bought in the red spectrum of the Lower Rainbow.
- If the current price is in the orange spectrum of the Upper Rainbow, I close one portion of an open position bought in the orange spectrum of the Lower Rainbow.
- If the current price is in the green spectrum of the Upper Rainbow, I close one portion of an open position bought in the green spectrum of the Lower Rainbow.
- If the current price is in the blue spectrum of the Upper Rainbow, I close one portion of an open position bought in the blue spectrum of the Lower Rainbow.
This position-closing logic applies to both the Obverse and Reverse situations. In both cases, the position is closed in portions in four steps. However, there are 3 exceptions to this rule when it is possible to close an entire position in whole rather than in parts:
- If there is a Reverse situation and the current price is above the thick red line.
- If I decide to invest in another company and I do not have enough available cash to purchase the necessary number of portions.
- If I find out about events that pose a real threat to the further existence of the company (for example, a bankruptcy filing), I can close the position earlier, without waiting for the price to hit the corresponding Upper Rainbow spectrum.
So, the basic scenario of opening and closing a position assumes the gradual purchase of shares in 4 stages and their gradual sale in 4 stages. However, there is a situation where one of the stages is skipped in the case of buying shares and in the case of selling them. For example, because the Fundamental Strength Indicator and the P/E ratio became acceptable for me only at a certain stage (spectrum) or the moment was missed for a transaction due to technical reasons. In such cases, I buy or sell more than one portion of a stock in the spectrum I am in. The number of additional portions will depend on the number of missed spectra. For example, if I have no position in the stock of the company in question, all conditions for buying the stock have been met, and the current price is in the orange spectrum of the Lower Rainbow, I can buy three portions of the stock at once (for the blue, green, and orange spectrum). I will sell these three portions in the corresponding Upper Rainbow spectra (orange, green, and blue). However, if for some reason the orange spectrum of the Upper Rainbow was missed, and the current price is in the green spectrum - I will sell two portions of the three (in the green spectrum). I will sell the last, third portion only when the price reaches the blue spectrum of the Upper Rainbow.
The Rainbow Indicator also helps calculate the number of shares that can be considered for purchase at the current price position in the Lower Rainbow spectra. To do this, you need to go to the indicator settings.
+ Cash in - Cash out +/- Closed profit/loss + Dividends - Fees - Taxes
Here I indicate the amount of funds deposited to my account, withdrawn from it, profit/loss on closed positions, dividends credited to the account, and taxes deducted from the account.
Diversification coefficient
The diversification coefficient determines how diversified I want my portfolio to be. For example, a diversification coefficient of 20 means that I plan to buy 20 share portions of different companies, but no more than 4 portions per company (based on the number of Lower Rainbow spectra).
The cost of purchased shares of this company (fees excluded)
Here I specify the amount of already purchased shares of the company in question in the currency of my portfolio. For example, if at this point in time, I have purchased 1000 shares at $300 per share, and my portfolio is expressed in $, I enter - $300,000.
The cost of all purchased shares in the portfolio (fees excluded)
Here I enter the amount of all purchased shares for all companies in the currency of my portfolio (without commissions spent on the purchase). This is necessary to determine the amount of available funds available to purchase shares.
After entering all the necessary data, I go to the checkbox, by checking it I confirm that the company in question has been studied with the Fundamental Strength Indicator and the P/E ratio, and their values are satisfactory to me. No calculation is performed without the checkbox checked. This is done intentionally because the application of the Rainbow Indicator for stock acquisition purposes is possible only after studying the Fundamental Strength of the company and an acceptable P/E value.
Next, I click "Ok" and get the calculation in the form of a table on the left.
Free cash in the portfolio
This is the amount of free cash available to purchase stocks. Please note that the price of the stock and the funds in your portfolio must be denominated in the same currency. On TradingView, you can choose which currency to display the stock price in.
Cash amount for one portion
The amount of cash needed to buy one portion of a stock. Depends on the diversification ratio entered.
Potential portions amount
Number of portions, available for purchase at the current price. Can be a fractional number.
Cash amount to buy
The amount of cash needed to buy portions available for purchase at the current price.
Shares amount to buy
Number of shares in portions available for purchase at the current price.
The table also contains additional information in the form of the current value of the company's market capitalization and P/E ratio.
Mandatory requirements for using the indicator:
- works only on a daily timeframe;
- the indicator is only applicable to shares of public companies;
- quarterly income statements for the last year are required;
- an acceptable for you P/E ratio is required to consider the company's stock for purchase;
- the Rainbow Indicator only applies in tandem with the Fundamental Strength Indicator. To consider a company's stock for purchase, you need confirmation that the company is fundamentally strong.
What is the value of the Rainbow Indicator?
- clearly demonstrates a company's profit and loss dynamics;
- shows the price ranges that can be used to open and close a position;
- takes into account the principle of gradual increase and decrease of a position;
- allows calculating the number of shares to be purchased;
- shows the current value of the P/E ratio;
- shows the current capitalization of the company.
Example:
As an example, consider the situation with NVIDIA Corporation stock (ticker - NVDA).
September 02, 2022:
Fundamental Strength Indicator - 11.46 (fundamentally strong company).
P/E - 39.58 (acceptable to me).
Current Price - $136.47 (is in the Orange Spectrum of the Lower Rainbow).
Situation - Obverse.
The basic conditions for buying this company's stock are met. The Rainbow Indicator settings are filled out as follows:
The table to the left of the Rainbow Indicator shows how many shares are possible to buy in the Orange Spectrum of Lower Rainbow at the current price = 10 shares. This corresponds to 2.73 portions.
To give you an example, I buy 10 shares of NVDA at $136.47 per share.
October 14, 2022:
NVDA's stock price has moved into the red spectrum of the Lower Rainbow.
The Fundamental Strength Indicator is 10.81 (fundamentally strong company).
P/E is 35.80 (an acceptable level for me).
Current Price - $112.27 (is in the Red Spectrum of the Lower Rainbow).
Situation - Obverse.
The basic conditions for buying this company's stock are still met. The Rainbow Indicator settings are populated as follows:
The table to the left of the Rainbow Indicator shows how many shares are possible to buy in the Lower Rainbow Red Spectrum at the current price (5 shares). This corresponds to 1.12 portions.
To give you an example, I buy 5 shares of NVDA at $112.27 per share. A total of 3.85 portions were purchased, which is the maximum possible number of portions at the current price level. The remainder in the form of 0.15 portions can be purchased only at a price level below $75 per share.
January 23, 2023:
The price of NVDA stock passes through the red spectrum of the Upper Rainbow and stops in the orange spectrum. As an example, I sell 5 shares bought in the red spectrum of the Lower Rainbow, for example at $180 per share (+60%). And also a third of the shares bought in the orange spectrum, 3 shares out of 10, for example at $190 a share (+39%). That leaves me with 7 shares.
January 27, 2023:
NVDA's stock price has continued to rise and has moved into the green spectrum of the Upper Rainbow. This is a reason to close some of the remaining 7 shares. I divide the 7 shares by 2 and round up to a whole number - that's 4 shares. For my example, I sell 4 shares at $199 a share (+46%). Now I am left with 3 shares of stock.
February 02, 2023:
The price of NVDA stock moves into the blue spectrum of the Upper Rainbow, and I close the remaining 3 shares, for example, at $216 per share (+58%). The entire position in NVDA stock is closed.
As you can see, the Fundamental Strength Indicator and the P/E ratio were not used in the process of closing the position. Decisions were made only on the basis of the Rainbow Indicator.
As another example, let's look at the situation with the shares of Papa Johns International, Inc. (ticker PZZA).
November 01, 2017:
Fundamental Strength Indicator - 13.22 points (fundamentally strong company).
P/E - 21.64 (acceptable to me).
Current Price - $62.26 (is in the blue spectrum of the Lower Rainbow).
Situation - Obverse.
The basic conditions for buying shares of this company are met. The settings of the Rainbow Indicator are filled as follows:
The table to the left of the Rainbow Indicator shows how many shares are possible to buy in the Lower Rainbow Blue Spectrum at the current price - 8 shares. This corresponds to 1 portion.
To give you an example, I buy 8 shares of PZZA at a price of $62.26.
August 8, 2018:
PZZA's share price has moved into the green spectrum of the Lower Rainbow.
The Fundamental Strength Indicator is a 9.83 (fundamentally strong company).
P/E is 16.07 (an acceptable level for me).
Current Price - $38.94 (is in the green spectrum of the Lower Rainbow).
Situation - Obverse.
The basic conditions for buying shares of this company are still met. The Rainbow Indicator settings are populated as follows:
The table to the left of the Rainbow Indicator shows how many shares are possible to buy in the Lower Rainbow Green Spectrum at the current price - 12 shares. This corresponds to 0.93 portions.
To give you an example, I buy 12 shares of PZZA at a price of $38.94. A total of 1.93 portions were purchased.
October 31, 2018:
PZZA's stock price moves into the Upper Rainbow red spectrum and is $54.54 per share. Since I did not have any portions purchased in the Lower Rainbow red spectrum, there is no closing part of the position.
February 01, 2019:
After a significant decline, PZZA's stock price moves into the orange spectrum of the Lower Rainbow at $38.51 per share. However, I am not taking any action because the company's Fundamental Strength on this day is 5.02 (a fundamentally mediocre company).
March 27, 2019:
PZZA's stock price passes the green and blue spectrum of the Upper Rainbow. This allowed to close the previously purchased 12 shares, for example, at $50 a share (+28%) and 8 shares at $50.38 a share (-19%).
Closing the entire position at once was facilitated by a significant narrowing in both rainbows. As we now know, this indicates a decline in earnings at the company.
Risk disclaimer:
When working with the Rainbow Indicator, keep in mind that the release of the Income statement (from which diluted EPS is derived) occurs some time after the end of the fiscal quarter. This means that the new relevant data for the calculation will only appear after the publication of the new statement. In this regard, there may be a significant change in the Rainbow Indicator after the publication of the new statement. The magnitude of this change will depend on both the content of the new statement and the number of days between the end of the financial quarter and the publication date of the statement. Prior to the publication date of the new statement, the latest actual data will be used for the calculations. Also, once again, please note that the Rainbow Indicator can only be used in tandem with the Fundamental Strength Indicator and the P/E ratio. Without these additional filters, the Rainbow Indicator loses its intended meaning.
The Rainbow Indicator allows you to determine the price ranges for opening and closing a position gradually, based on available data and the methodology I created. You can also use it to calculate the number of shares you can consider buying taking into account the position you already have. However, this Indicator and/or its description and examples cannot be used as the sole reason for buying or selling stocks or for any other action or inaction related to stocks.
Fundamental Strength IndicatorName of the indicator: Fundamental Strength Indicator
A brief description of the indicator:
Using this indicator, you can evaluate a company in terms of the strength of its financial performance and see how that score has changed over time.
The background to the creation of the indicator:
The main idea that inspired me to create this indicator is: " Even if you buy just 1 share of a company, treat it like buying the whole business ". However, when I need to evaluate the business of thousands of public companies traded on exchanges, there is an objective difficulty: it is very time-consuming. To solve this problem, I had to create a scoring system of the fundamental analysis of the company, embodied in this indicator.
What the indicator looks like:
- First, it is a Histogram with bars of three colors: green, orange, and red. The width of the histogram depends on the depth of data from the company statements. The more historical data, the wider the histogram over time.
The green color of the bars means that the company has been showing excellent financial results by the sum of the factors in that time period. According to my terminology, the company has a " strong foundation " during this period. Green corresponds to values between 8 and 15 (where 15 is the maximum possible positive value on the sum of the factors).
The orange color of the bars means that according to the sum of factors during this period the company demonstrated mediocre financial results, i.e. it has a " mediocre foundation ". Orange color corresponds to values from 1 to 7.
The red color of the bars means that according to the sum of factors in this period of time, the company demonstrated weak financial results, i.e. it has a " weak foundation ". The red color corresponds to values from -15 to 0 (where -15 is the maximum possible negative value on the sum of factors).
- Second, this is the Blue Line , which is the moving average of the Histogram bars over the last year (*). Averaging over the year is necessary in order to obtain a weighted estimate that is not subject to medium-term fluctuations. It is by the last value of the blue line that the actual Fundamental Strength of the company is determined.
(*) The last year means the last 252 trading days, including the current trading day.
- Third, these are operating, investing, and financing Cash Flows expressed in Diluted net income. These flows look like thick green, orange, and red lines, respectively.
- Fourth, this is the Table on the left, which shows the latest actual value of the Fundamental Strength and Cash Flows.
Indicator settings:
In the indicator settings, I can disable the visibility of the Histogram, Blue Line, Cash Flows (each separately), and Table. It helps to study each of the parameters separately. It is also possible to change the color, transparency, and thickness of lines.
Mandatory requirements for using the indicator:
- works only on a daily timeframe;
- only applies to shares of public companies;
- company financial statements for the last 4 quarters and more are required;
- it is necessary to have the data from the Balance sheet, Income statement, and Cash flow statement, required for the calculation.
If at least one component required for calculating the Fundamental Strength is missing, the message " no data to calculate the Fundamental Strength correctly " is displayed. In the same case, but for the operating cash flow, the message " no data to calculate the Operating Cash Flow correctly " is shown, and similarly for other flows.
What is the value of the Fundamental Strength Indicator:
- allows for a quantitative assessment of a company's financial performance in points (from -15 to 15 points);
- allows you to visually track how the company's financial performance has changed (positively/negatively) over time;
- allows to visually trace the movement of main cash flows over time;
- speeds up the process of selecting companies for your shortlist (if you are focused on financial results when selecting companies);
- allows you to protect yourself from investing in companies with weak and mediocre fundamentals.
Indicator calculation methodology:
Guided by the "Treat stock investments as buying the whole business" approach, you can imagine what kind of business an investor is interested in owning and simultaneously determine the input parameters for calculating the indicator.
(!) Here it is important to emphasize that the idea of a benchmark business for investment is a subjective notion, so be sure to check whether it coincides with your own opinion.
For me, a benchmark business is:
- A business that operates efficiently without diminishing the return on shareholders' investment. To assess the efficiency and profitability of a business, I use the following financial ratios (*): Diluted EPS and Return on Equity (ROE). The first two parameters for calculating the indicator are there.
- A business that scales sales and optimizes its costs. From this point of view, the following financial ratios are suitable: Gross margin, Operating expense ratio, and Total revenue. Plus three other metrics.
- A business that turns goods/services into cash quickly and does not fall behind on payments to suppliers. The following financial ratios will fit here: Days payable, Days sales outstanding, and Inventory to revenue ratio. These are three more metrics.
- A business that does not resort to significant accounts payable and shows financial strength. Here I use the following financial ratios: Current ratio, Interest coverage, and Debt to revenue ratio. These are the last three parameters.
(*) If you want to learn more about these financial ratios, I suggest reading my two articles on TradingView:
Financial ratios: digesting them together
What can financial ratios tell us?
Next, each of the parameters is assigned a certain number of points based on its last value or the position of that value relative to the annual maximum and minimum.
For example, if the Current ratio:
- greater than or equal to 2 (+1 point);
- less than or equal to 1 (-1 point);
- more than 1 but less than 2 (0 points).
Or for example, if Diluted EPS:
- near or above the annual high (+2 points);
- near the annual minimum and below (-2 points);
- between the annual maximum and minimum (0 points).
And so on with each of the parameters.
As a result, the maximum number of points a company can score is 15 points. The minimum number of points a company can score is -15 points. These levels are marked with horizontal dotted lines: the green line is for the maximum value, and the red line is for the minimum.
I track the number of points for each day of a company's life on a three-color Histogram. The resulting average value for the last year is on the Blue Line. For me, it is the last value of the Blue Line that determines - this is the actual Fundamental Strength of the company.
The business valuation model I created is more suitable for companies that produce goods or services, and where tangible assets play a significant role in the business. For example, when analyzing companies in the financial sector, you may see the message "no data to calculate the Fundamental Strength correctly". Many of them may simply be missing data that is used as input for the calculation: Inventory to revenue ratio, Days sales outstanding, etc.
Examples:
Below I will evaluate various companies using the Fundamental Strength Indicator.
Tesla, Inc.
The indicator shows that since 2020, Tesla Inc. has been steadily increasing its Fundamental Strength (from 3.27 in Q1 2020 to 12.79 in Q1 2023). This is noticeable both by the color change of the Histogram from orange to green and by the rising Blue Line. If you look in detail at what has been happening with the financials during this time, it's clear what meaningful work the company has done. Revenues have almost quadrupled. Earnings per share have increased 134 times. At the same time, total debt to revenue fell almost 10 times.
Keurig Dr Pepper Inc.
The company, formed in 2018 by the merger of Keurig Green Mountain and Dr Pepper Snapple Group, has failed to deliver outstanding financial results, causing its Fundamental Strength to fall from 4.63 in Q1 2018 to -0.53 in Q1 2023. During this period, the drop in diluted earnings per share was accompanied by higher debt and deteriorating liquidity.
Costco Wholesale Corporation
Wholesaler Costco has been surprisingly stable in its financial performance and with steady growth in both earnings and revenue. This is the reason why the Histogram bars are exceptionally green throughout the calculation of the indicator. The Fundamental Strength has not changed in three years and is high at 11 points.
As an additional filter, for example, when comparing two companies where all other conditions are equal - I use the dynamics of Cash Flows expressed in Diluted net income (*). These are the thick green, orange, and red lines over the Histogram.
Why do I use income as a unit of measure of Cash Flows? Because it is a good way to make the scale of indicator values the same for companies from different countries, with different currencies. It also allows you to use a single value scale for both Cash Flows and Fundamental Strength.
(*) If you want to learn more about Cash Flows, I suggest reading my two articles on TradingView:
Cash flow statement or Three great rivers
Cash flow vibrations
So, an additional filter shows the dynamics of Cash Flows over time.
To interpret the dynamics of Cash Flows, I pay attention to the following patterns:
- How the cash flows are positioned in relation to each other;
- In which zone each of the cash flows is located - in the positive or negative;
- What is the trend of each of the cash flows;
- How volatile each of the cash flows is.
As an example, let's look at several companies in order to interpret the dynamics of their Cash Flows.
John B. Sanfilippo & Son, Inc.
This is the most ideal situation for me: operating cash flow (green line) is above the other cash flows, investment cash flow (orange line) is near zero and practically unchanged, and financial cash flow (red line) is consistently below zero. This picture shows that the company lives off its operating cash flow, does not increase its debt, does not spend a substantial amount of money on expensive purchases, and retains (does not sell off) assets.
Parker Hannifin Corporation
With stable operating cash flow (green line), the company implements investment programs by raising additional funding. This is noticeable due to an increase in financial cash flow (red line) and a simultaneous decrease in investment cash flow (orange line) with a significant deepening into negative areas. Apparently, there is not enough operating cash flow to realize the planned investments. One has to wonder how sustainable a company can be if it invests in its development using borrowed funds without a subsequent increase in operating cash flow.
Schlumberger N. V.
The chaotic intertwining of cash flows outside of the Fundamental Strength range (-15 to 15) is indicative of the company's rich life, but to me, it is an indicator of high riskiness of its actions. And as we can see, Fundamental Strength has only begun to strengthen in the last year, when the external appearance of cash flow has normalized.
Risk disclaimer:
When working with the Fundamental Strength Indicator and the additional filter in the form of Cash Flows, you should understand that the publication of the Balance sheet, Income statement, and Cash flow statement takes place sometime after the end of the financial quarter. This means that new relevant data for the calculation will only appear after the publication of the new statements. In this regard, there may be a significant change in the values of the Indicator after the publication of new statements. The magnitude of this change will depend both on the content of the new statements and on the number of days between the end of the financial quarter and the publication date of the statements. Until the date of publication of the new statements, the latest relevant data will be used for calculations.
I would like to draw your attention to the fact that the calculation of Fundamental Strength and Cash Flows requires the availability of data for all parameters of the valuation model . It uses data that is exclusively available on TradingView (there is no reconciliation with other sources). If at least one parameter is missing, I switch to another company's analysis to continue using the indicator.
Thus, the Fundamental Strength Indicator and an additional filter in the form of Cash Flows make it possible to evaluate the financial results of the company based on the available data and the methodology I created. A simple visualization in the form of a three-color Histogram, a Blue line, and three thick Cash Flow lines significantly reduces the time for selecting fundamentally strong companies that fit the criteria of the selected model. However, this Indicator and/or its description and/or examples cannot be used as the sole reason for buying or selling stocks or for any other action or inaction related to stocks.
[TTI] Eric Krull's Market Health Indicator📜 ––––HISTORY & CREDITS 🏦
Introducing Eric Krull's Market Health Indicator, an innovative tool specifically designed for monitoring the health of major indices such as the S&P 500, Nasdaq Composite, or Dow Jones Industrial Average. Developed by Eric Krull, an expert in the field of financial markets, this indicator aims to help traders gain a better understanding of the overall market condition and make informed trading decisions. The indicator is a 90% match to what Eric Krull has shared about it.
🎯 ––––WHAT IT DOES 💡
Eric Krull's Market Health Indicator (MHI) provides a quick and easy-to-understand visual representation of the current market health. By calculating the moving averages, determining their slopes, and computing the percentage difference between the index and the 21-day Exponential Moving Average (21DEMA), the MHI generates three different color-coded signals:
👉Green: Indicates a healthy market with a strong uptrend.
👉Red: Indicates a weak market with a strong downtrend.
👉Yellow: Indicates a neutral or sideways market.
This color-coded system allows traders to quickly assess the health of the major indices and make better-informed decisions on their trades.
🛠️ ––––HOW TO USE IT 🔧
To use Eric Krull's Market Health Indicator, follow these simple steps:
1. Load the indicator script into your preferred charting platform.
2. Set the index symbol to either "SPX" for the S&P 500, "COMP" for the Nasdaq Composite, or "DJI" for the Dow Jones Industrial Average.
3. Observe the Market Health Indicator columns plotted at the bottom of your chart.
4. Interpret the color-coded signals as follows:
🟩Green: A healthy market with a strong uptrend. Consider taking long positions or holding onto existing long positions.
🟥Red: A weak market with a strong downtrend. Consider taking short positions or reducing exposure to long positions.
🟨Yellow: A neutral or sideways market. Stay cautious and consider waiting for a clearer signal before entering new trades.
By incorporating Eric Krull's Market Health Indicator into your trading strategy, you can better gauge the overall market health and make more informed decisions on your trades. Always remember to use this tool in conjunction with other indicators and risk management practices to maximize your success.
[TTI] Lifecycle Trade: Sell Rules v2––––HISTORY & CREDITS 🏦
This script is based on the IPO Trading Lifecycle Trade Methodology by Kathy Donnelly and her team. It provides an implementation of their research on effective buy and sell rules for IPOs and Super Growth Stocks. The goal of this script is to help traders identify the best-performing sell rules, such as Ascender, Midterm, 40-Week, and Everest after they buy from IPO base. Henceforth these rules are used for IPO trading.
––––WHAT IT DOES 💡
1. Based on the methodology from the Lifecycle trade book, the script implements the best-performing sell rules (Ascender, Midterm, 40-Week, and Everest) based on profits, drawdowns, and time-in-market.
More details about the rules in section .
• Everest Rule = comprises of 9 conditions for triggering and 3 conditions for exiting
• Ascender Rule = comprises of 3 exit Rules for 3 different exit points
• Midterm Rules = uses 2 different scenarios (rules for trades less than 1 year and those after 1 year)
• 40 week Rules = use price action around the 40 week to determine exit rules
2. There is a table with the performance of these rules (backtested). The table can be positioned where the user wants in the chart and can view the performance of the Sell Rules either by horizontally by Rule or vertically by IPO Chart Pattern (Rocket Ship, Late Boomer, One Hit Wonder, Pump and Dump or Stair Stepper).
––––HOW TO USE IT 🔧
1. Apply the script to your chart and choose your trade start date.
2. Watch for highlighted the sell rules (Ascender, Midterm, 40-Week, and Everest) to exit trades in a disciplined and systematic manner. If an exit rule triggeres it will be displayed on the chart. Buy points are not included in the script!
3. Adjust for your trading style, timeframe, and risk tolerance according to your preferences and the script's output. The rules utilize Short term, Mid Term and Long Term investors.
• Short Term Rules = Everest Rule, Ascender Rule
• Mid Term Rules = Midterm Rule
• Long Term Rules = Everest, 40 Week Rule
––––DETAILS ON THE RULES 📚
These rules use two main criteria to trigger- Price and Volume. Price is interpreted by how much the stock gains or loses in a given time period, wether it is printing consecutive up days or if it is has large gap ups that have not been unclosed.
Some of the techniques implement backtested thresholds like number of unfilled gap up in the last 10 days or when have largest volume or largest dollar gain happened relative to the IPO price. The rules also implement things like how many days have the stock been up for the last 10 days or if there are any large gaps +5% that have not been unfilled. Another signal that is being used is if we have had the largest $ gain since the stocks history in a given period. Volume is used to determine if there has been a significant volume influx since the IPO date of the history if so, this triggers a rule. Some rules are time based and look for specific price action during the history of the stock for instance certain rules are required in the first 252 days of the trading history and certain rules are required after the first 252 days of the price history. We are also employing closing under important moving averages as a guide wether or not a stock should be sold. Another technique is to see how much total gain has the stock moved. THis is important for RocketShip patterns. If it has made +500% moves this would trigger certain sell rules. Price analysis is also being used on higher timeframes. For instance if a stock moves below certain important levels in 2 consecutive weeks then this would trigger a violation of the setup.
The Table of results that can be turned on and off shows the backtesting results of the performance of the different 4 rules across the 5 main IPO trading patterns from the Lifecycle trade mechanism (Rocket Ship, Late Boomer, One Hit Wonder, Pump and Dump or Stair Stepper). The Table shows across the 600 IPOs that have been studies what has been the average Gain (%) for each exit rule for each IPO Pattern and what has been the $ DrawDown for the same rule per IPO Pattern. This information is very useful to have on chart in order to decide which exit rules best match the given IPO pattern that you are looking at.
!!Always use proper risk management and position sizing!!
Please note that this script is intended for educational purposes and should not be considered as financial advice. Past performance is not indicative of future results, and every trader should carefully consider their trading strategy and risk tolerance before entering any trade.
FIN_BOTthis script is just for test,
can be not correct working, is just for now, soon will be better,
this is for test, and it will be prodaction as soon as possible,
Plasse be shur that you don use it as prodaction.
SrgArt_NoteTrade Position Calculator
This indicator is intended for those who use manual classic trades with stop losses, take profits in their trading and determine the % risk of their deposit in each trade (without safety orders)
The indicator is a calculator for calculating a position on a trade, taking into account risk management.
How to use:
1) Enter your initial trading deposit in the settings
2) Specify the parameters of your transaction: % TP, % SL
3) Enter the risk value for the transaction in%: what part of the deposit will you lose if the transaction is closed by stop loss
4) The leverage with which you will enter the deal is indicated
5) Calculations are made in the table:
- what will be your profit in case of closing the deal on TP (in $)
- what will be your loss in case of closing the transaction on SL (in $)
- how much of your $ you need to allocate to open a position at the risks you set and the leverage used
- how much $, taking into account the leverage, will be used in the transaction
Lune Market Analysis Premium- Version 0.9 -
Lune Algo was developed and built by Lune Trading, utilizing years of their trading expertise. This indicator works on all stocks, cryptos, indices, forex, futures , currencies, ETF's, energy and commodities. All the tools and features you need to assist you on your trading journey. Best of all, Lune Algo is easy to use and many of our tools and strategies have been thoroughly backtested thousands of times to ensure that users have the best experience possible.
Overview
Trade Dashboard—Provides information about the current market conditions, Such as if the market is trending up or down, how much volatility is in the market and even displays information about the current signal.
Trade Statistics—This tool gives you a breakdown of the Statistics of the current selected strategy based on backtests. It tells you the percentage of how often a Take Profit or Stop Loss was hit within a specific time period. Risk and Trade management is very important in trading, and can be the difference between a winning and losing strategy. So we believe that this was mandatory.
Current Features:
Advanced Buy and Sell Signals
Exclusive built-in Strategies
Lune Confidence AI
EK Clouds
Reversal Bands
Vray (Volume Ray)
Divergence Signals
Reversal Signals
Support/Resistance Zones
Built-in Themes
Built-in Risk Management system (take profit/stop loss)
Trade Statistics
Trade Assistance
Trade Dashboard
Advanced Settings
+ More coming soon, Big plans!
Features Breakdown:
Lune Confirmation—Used to help you confirm your trades and trend direction. It uses unique calculations, and its settings can be adjusted to allow traders to adapt the settings to fit their trading style.
Lune Confidence AI—All strategies are equipped with our exclusive built-in Confidence AI. This feature tells you how much confluence there is in a trade. It uses a rating system where signals are given a number from 0 to 5. A rating of 0 indicates that there is not a lot of confluence or confidence in the signal, while a rating of 5 indicates that there is a lot of confidence in the trade. This feature is not perfect and will be improved overtime.
Support/Resistance Zones—Calculates the most important support/resistance levels based on how many times a level has been used as support or resistance. Traders also refer to these as supply and demand zones and key levels.
EK Clouds—Used to further help you confirm trend and was optimized to also be used as support and resistance. This feature is powered by custom moving averages.
Reversal Bands—An optimized and improved version of the infamous Bollinger Bands. When price action takes place within the Reversal Bands it usually indicates that the current symbol is overextended and a reversal is possible.
Vray—Also Known as "Volume Ray", Assists you in better visualizing volume. This helps you find key levels and areas of support that you wouldn't be able to see otherwise. It helps you trade like the institutions.
This indicator's signals DO NOT REPAINT.
If you are using this script you acknowledge past performance is not necessarily indicative of future results and there are many more factors that go into being a profitable trader.
Market Session TimesThis indicator is released by the Trade Travel Chill community and uses the Trade by Design Method. It has the following features:
Pre-defined alerts
Moon Cycles
Asian, UK and US Market open times visual indicators
Trading day visual separator
All these features are highly customisable and configurable.
Risk Management & Position Size Dashboard ProThis version of the dashboard system factors in trading fees to your max risk to account per trade. This comes in handy when trading very low timeframes where trade risk can be tiny and leverage high where traditional position size calculations can yield huge position sizes where just the fees can far exceed your risk appetite. This system calculates your position size factoring in fees so you will never exceed your risk settings. Details below.
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This indicator is designed to assist traders by instantly providing the necessary information to execute orders based on defined risk parameters. This is not an indicator that tells you WHEN to buy or sell, but HOW MUCH to buy or sell based on your risk appetite. The indicator is compatible with any strategy and any instrument
The indicator uses some great pinescript features, allowing you to drag and drop your levels directly on the chart for instant feedback from the risk management dashboard. Huge timesaver.
Instructions:
1. The first time you add the indicator to your chart, you will be asked to identify your Entry, Stop and Target levels by clicking on them directly on the chart. You can at any point adjust these levels directly on the chart, or you can manually enter them in settings
2. Setup your risk profile in the indicator settings:
(a) Current Capital: Enter the current value of your trading account
(b) Max Risk Per Trade: Enter the maximum % of your Capital you want to risk per trade
(c) Max Leverage: Enter the maximum leverage you want applied to your account. This comes in handy when you trade on very low timeframes where position sizes can become very large. No matter what you enter here, position size will never exceed Max Risk Per Trade
(d) Stop Ticks: Number of ticks to use above/below the identified high/low for stops
(e) % fee per trade: enter your brokers fees here to ensure the system takes this into consideration while calculating position size
(e) Use Current Price as Entry (Market Orders): By default, the system will use the entry level you have selected for limit orders. If you want to use the system to display data based on current price for market orders, select “Use Current Price as Entry (Market Orders)”
(f) number of TP levels: enter the number of TP levels you are planning to use to ensure the fees are calculated for them
3. Based on your stop and target levels, the system will automatically determine if you're looking to long or short and accordingly display all relevant data to you.
4. Display Free Trade Level: toggle this on to display the level you should exit 50% of your position to make the trade risk free
5. Dashboard / Text size / level colours and positions are customisable
The Dashboard displays the following information at all times:
1. Entry
2. Stop
3. Trade Risk (%): Percentage price difference between Entry and Stop
4. Max Risk ($): Currency value of loss if the trade is stopped out
5. Size: Position Size to execute your trade based on your risk profile/appetite
6. Size($): Position Size in currency value
7. Total Fees: Total fees for the trade based on settings above
7. P&L($): Potential profit to your Capital in currency value
8. P&L(%): Potential profit to your Capital in %
9. Risk to account: % risk to account - used as confirmation that the max risk to your account, factoring fees is circa your risk appetite
10. R:R: Risk to Reward Ratio
11. % to Target: Percent price needs to move to achieve your target
Hope this helps you with your trading. I built this as I was tired of wasting time opening up spreadsheets or calculators to execute trades - especially on lower timeframes. Making the code open source so if you do make improvements to this I'd love to hear from you. Also open to suggestions.
Happy Trading!
Trade Travel Chill UtilitiesShows Trading Days starting at 5pm (UTC-4 NY Time)
Shows active Asian, UK and US markets by having a different background colours while those markets are open.
Shows possible Brinks hammer/inverted hammers at 03:45 and 09:45
TradePointAn indicator to help you find entries in the current trend but showing overextensions and hidden divs
It is based off my SRSI indicator
Just more sensitivity and less clutter
I wanted to make it as clear and simple to follow
The underlying momentum is the leading indicator for which trades you want to take and candles will turn colors based on that
If its bullish (aqua) then only take bullish divs and overextensions as trade entries
If its bearish (red) then only take bearish divs and overextensions as trade entries
Overextensions are moves outside the bands
to get confirmation wait for the trade line to flip colors
So if youre taking a bullish /long then wait for the trade line to turn green
If youre taking a bearish / short then wait for the trade line to turn red.
its not needed but always safer to wait for that
This is a free script but hidden code since it uses my SRSI code
If you find it helpful or want to repay me someway just DM me
CHEERS
Auto Harmonic Pattern - PRO [AlgoScopes] V1Harmonic Patterns is a powerful tool for identifying potential reversal areas in the financial markets. Auto Harmonic Pattern Pro it is based on the work of Scott Carney, a renowned trader and author who developed the concept of harmonic patterns.
Scott Carney's extensive research and contributions have greatly enhanced our understanding of market patterns and their application in trading. Auto Harmonic Pattern Pro is adapted from Scott Carney's original work on harmonic patterns, as well as other sources that have contributed to the recognition and understanding of harmonic patterns beyond Carney's initial research.
Auto Harmonic Pattern Pro offers traders a valuable tool for identifying potential reversal zones in the markets. We would like to express our gratitude to Scott Carney for his pioneering work in developing harmonic patterns, as well as to the various contributors and sources that have expanded our knowledge and understanding of harmonic patterns beyond Carney's original research.
Remember to always practice proper risk management and combine the indicator's signals with other technical analysis tools for a comprehensive trading approach.
For more information about Scott Carney and his work on harmonic patterns, you can find additional resources on his official website.
💠 ABOUT THE SCRIPT
💎 DISPLAY
⚬ The following things are displayed by default on the chart
🔸 Live patterns in trade with XABCD labels. (filled major triangle)
🔸 Entry, Stop and Target levels on chart for all live patterns. Target level are dimmed along with reducing size when they become irrelevant
🔸 Open Trades Stat table - Show patterns ID, patterns name, status for patterns, size&age, Entry, I.Stop, T.Stop and Targets (TP1 - TP4).
⚬ Highlighted present stop (and/or trailing stop if is enabled) and next target
⚬ When there are multiple patterns on chart, Entry, Stop, and Target labels & lines & PRZ* boxes are created with specific distance from each other to provide clarity to the users
*(potential reversal zone)
⬜ SETTINGS
⚬ Let's talk about some of the settings. Almost all of these settings have already been optimized and tested over time, but for some tickers it might be better to do a new test.
💎 ZIGZAG
🔸 Length - Default is set to 8. User can change settings but it is a good idea to keep with fibonacci (5, 13, 21, 34, 55 etc)
🔸 Depth - This setting is for how many pivots indicator scan to find harmonic pattern. By default it is set as 200
🔸 Recursive Algorithm - Enabled will use recursive instead standard zigzag
💎 HARMONIC PATTERN SETTINGS
🔸 Trade Direction - Default is set to show all (bearish and bullish) harmonic patterns. Can be filtered to bullish or bearish direction.
🔸 Error Percent - Default is 8. That is error percent tolerance from perfect pattern ratio.
🔸 Maximum patterns - Maximum patterns allowed on chart at any time
⚬ When it reaches the maximum patterns and the indicator finds a new one, the old patterns will be removed
- (important for algo traders because alerts for those removed patterns will no longer be a trigger)
🔸 Pattern size
⚬ Without filter will show all patterns (regardless of size)
⚬ Show only patterns for user preference size (no more two patterns because is smaller of 280 bars)
🔸 External Filter - It can be used to filter harmonic patterns. You can build your own custom trend based scripts and use it with AHP to filter trades.
⚬ The structure of the external script must be
1 for Long/Bullish patterns
-1 for Short/Bearish patterns
2 for all (Long and Short patterns)
0 Trade is not allowed
🔸 Filter Pattern Starts
⚬ When Filter starts is enabled pattern will start for logical pivot (see example)
⚬ Disabled filter will show more patterns (still can be very profitable)
💎 STOP & ENTRY & TRAILING STOP
🔸 Trail Entry Price - If Entry is still not reached and the price is still in PRZ zone, at the new high/low will adjust Entry.
⚬ Open Stats table will show the first Entry (when patterns were found) as well as the last corrected Entry (when patterns reached Entry level).
⚬ Disable this option Entry will remain at the level when patterns are found.
🔸 Enable Targets (awaiting entry) - enabled will show potential Targets for "awaiting entry" patterns (not active patterns because they have not yet reached Entry).
⚬ The Open stats table will show all other information, risk %, R:R etc).
⚬ Risky trade but with very good R:R (not recommended for inexperienced traders, very high risk of trading hitting Stop before reaching a Target)
🔸 Stop Distance - By default is set to 5. That is percent from the last low/high when the pattern reaches Entry. Stop trail from price till pattern reached Entry level.
🔸 Entry Distance - By default is set to 16. Same for SL that is percent distance from live price. You can increase/decrease percent but remember you have to give space between live price and the entry.
⚬ If entry is close to price, trade will become active too quickly
⚬ Remember if you change Stop Distance as well as Entry Distance to check Risk : Reward (recommended R:R for the first target is about 1:1)
🔸 Trailing Type - Options for trailing type, Continuous, Stepped, Breakeven and Disabled.
⚬ Continuous - When the price reaches "Trailing Active" (initial level for activating the trailing stop), T.Stop will start from Entry or Initial Stop (based on "Trailing Starts") and follow the price by Distance or Percent (based on "Trailing by").
- example one (trailing starts from Initial Stop when TP1 reached by distance/price on picture 1 and by percent on picture 2)
- example two (trailing starts from Entry when TP1 reached by distance/price on picture 1 and by percent on picture 2)
⚬ Stepped - when price reaches Trailing Active (initial level for activating the trailing stop), T.Stop will move to the previous level
- (If "Trailing Active" is set to Target2, then T.Stop will move to Target1 when price reached TP2)
⚬ Breakeven - when price reaches Trailing Active (initial level for activating the trailing stop), T.Stop will move to Entry and stay there the entire time for that harmonic trade
- (till reached all targets or reached T.Stop)
🔸 Trailing Active - When will the Trailing Stop be activated ("Trailing Type" must be enabled)
🔸 Trailing by - Distance or Percent
⚬ Distance - T.Stop will follow live price by initial distance
⚬ Percent - T.Stop will follow live price by initial percent
🔸 Trailing Starts - Entry or Initial Stop
⚬ Entry - T.Stop will start trailing from Entry level
⚬ I.Stop - T.Stop will start trailing from initial Stop level
- (Check Continuous picture for information)
💎 TARGET
🔸 Base - The level from which the calculation for Targets is made.
🔸 Target 1/Target 4 dropdown - Targets are set by default and set in the dropdown most often used for those targets.
🔸 Target 1/Target 4 custom - If the desired ratio is not in the dropdown, then it is possible to manually enter the desired ratio.
⚬ (If you want to change some of the targets, maybe to confluence with support/resistance)
💎 PATTERNS
🔸 Harmonic Patterns Type
⚬ Enable/Disable harmonic patterns by Type of patterns (for Classic and Anti patterns)
⚬ By default all patterns are enabled (for standard patterns). Users can control and select/deselect all Classic, Anti or Non Standard patterns but also disable individual patterns.
⚬ For some patterns (like Shark and Navarro 200) we change PRZ or place in different Type groups. That is just cosmetic things.
🔸 Classic - This includes all and most popular Harmonic Patterns.
⚬ Gartley (Type I)
⚬ Bat (Type I)
⚬ Butterfly (Type II)
⚬ Crab (Type II)
⚬ Deep Crab (Type II)
⚬ Cypher (Type II)
⚬ Shark (Type III)
⚬ Nenstar (Type IV)
🔸 Anti Patterns
⚬ Anti Nenstar (Type I)
⚬ Anti Shark (Type II)
⚬ Anti Cypher (Type II)
⚬ Anti Crab (Type II)
⚬ Anti Butterfly (Type III)
⚬ Anti Bat (Type IV)
⚬ Anti Gartley (Type IV)
⚬ Navarro 200 (Type IV)
🔸 Non Standard -
⚬ White Swan
⚬ Black Swan
⚬ 3 Drive
⚬ Anti 3 Drive
⚬ Wolfe
⚬ Snorm
⚬ 121 Pattern
⚬ 5-0 Pattern
⚬ Sea Pony
⚬ Leonardo
💎 PATTERN DISPLAY OPTION
🔸 Pattern Lines Size - thickness for harmonic patterns
🔸 Pattern Lines Type - type for harmonic pattern lines (solid, dotted, dashed)
🔸 Fill XAB/BCD - major harmonic triangle
🔸 Fill ABC/XBD - minor harmonic triangle
🔸 Enable XABCD Label - labels for harmonic pattern
🔸 XABCD Label Size - size for harmonic xabcd labels
🔸 Enable Ratio Label & Line - lines and labels that connect harmonic patterns levels and that show the patterns ratio
🔸 Ratio Label Size - ratio labels size
⚬ Lines for pattern ratio are set by default dashed and can’t be changed.
💎 PRZ & ENTRY | STOP | TARGET SETTINGS
🔸 Entry & Stop & Target Labels - by default is set to small (opt small & normal)
🔸 Entry & Stop & Target Lines - by default is set to show lines & labels & price (opt lines & labels & price or lines & labels or disable all)
🔸 PRZ Box size - size in bars for PRZ box
⚬ Added option when it is not readable on chart pattern names or entry/stop/targets offset
⚬ Maximum (last pattern) can be drawn up to 500 bars in future or you will get error for script (use this option only when you need)
🔸 PRZ Box Type of Spacing - distance between PRZ boxes. "Auto" will make the maximum distance when there are more than 3 patterns on the chart for better visibility
- (the maximum can be projected up to 500 bars in the future)
🔸 PRZ Box Manual Spacing - manual distance between PRZ boxes if is “PRZ Box Type of Spacing” set to manual
💎 STATS AND DISPLAY
⚬ These settings can be used to manage display of open and close statistic tables
🔸 Open Trades - By default is enabled and set to the top right position.
🔸 Closed Trades - By default is disabled and set to bottom left position.
⚬ The size of the table can be changed (by default it is set to small)
🔸 Enable Tool Tip for Table - can be enabled/disabled. Shows important information for each section related to Open or Closed tables.
⚬ Recommended enabled until everything related to tables is understood, and later disabled (it starts to get annoying when you accidentally cross the tables with the mouse and tooltip box pop up)
💎 OPEN STATS
🔸 Percentage - show percentage for Targets and Stops
🔸 Risk/Reward - show patterns risk to reward for each Targets
🔸 Size/Age - show patterns size (from X to D in bars) and patterns age (distance in bars when patterns “In Trade”)
🔸 Live % & R:R - enabled will show live % and R:R if you take trade in that moment
💎 CLOSED STATS
🔸 Percentage - show stats by percent instead of numbers
🔸 Display Mode - Closed trade table have three display option, Compact, Detailed and Selective
⚬ Compact - show stats for Long/Bullish and Short/Bearish patterns
⚬ Selective - show stats just for active patterns
⚬ Detailed - show stats for each enabled patterns
- All stats is for “Backtest Bars” if enabled.
- I removed some things from the previous indicator (R:R as well as trailing R:R and win rate) because I think they are not relevant in Closed Table for trade or for statistics (Open Table have that)
💎 PATTERN | CHART COLOR THEME
⚬ By default it is set to Light color theme. Color theme will affect pattern lines, XABCD labels, ratio lines and label, entry/sl/targets labels and text in the open statistics table.
🔸 Dark Theme / Light Theme - Users can change any default individual color for dark or light theme (transparency too).
⚬ Light/Dark Theme suits dark or light chart background or user can change all color to preferred trade style.
⚬ Users have extra control to change all color to preferred trade style.
💎 ALERTS
⚬ Alerts - These settings help users to choose the type of alerts they want to receive.
🔸 New - New Harmonic Pattern is identified
🔸 Entry - Harmonic Pattern reached Entry level
🔸 Target 1/Target4 - Alert when patterns reached on of Target levels
🔸 Closure - Harmonic Pattern trade is closed. Reached all Targets or Stop or Trailing Stop (if is enabled)
🔸 Long & Short placeholders - Enabled will change for alerts Bullish/Bearish text for Long/Short text
⚬ example of custom alerts with some placeholders
💎 BACKTEST WINDOW
🔸 Backtest bars - Enabled will scan patterns for that bar range (default is set to 5000)
🔷 TOOL TIP
⚬ In setting you have help from tooltip to give you almost all this information for easy understanding. Hover mouse above tool tip and windows with info will appear.
⚬ On the chart, tool tip is added for each individual Harmonic pattern to show extra information (pattern ratio, type of harmonic and where often that pattern appears in Elliott wave fractal)
⚬ Tooltip for tables will also provide all the information related to Open and Closed tables. Disabled tooltip for tables will hide all information, but the tooltip for patterns will still remain.
🔴 Possible Errors
⚬ If a mistake is made in the settings and, for example, TP2 is set to 0.618 ratio and TP3 is changed to 0.5 ratio
- (the larger target is set to a smaller ratio than the smaller target), a red text will appear over most charts to indicate the error.
⚬ If Trailing Type is enabled and "Trailing Active" and "Trailing Starts" are set to the same level (Entry), a red text will appear on the charts to indicate an error
- (change "Trailing Active" to a higher level, TP1, or lower "Trailing Starts " to "I.Start")
One For All - Trend Insight System (Light ver.)Introduction :
Compared to the TIS v1.0, this "light" version is simpler to use and to understand, hence it will suits the basic needs of traders and investors looking for a clear and user friendly indicator to assess the current trend situation for continuous markets. The settings allow an adaptation for call markets, but more backtesting needed at your discretion (see notes below on call markets).
The TIS takes price action, volume and volatility, to :
- provide a clear and easy to interpret global picture on the current trend siuations
- give hints for decent take profit and exit points
- help find support and resistance levels
- assess trend strength and momentum
Disclaimer :
The Trend Insight System (TIS) is among the most perfected trend following indicator. Built around the Verbatim (the main colored line), it is inspired by Tushar S. Chande's work on volatility, that I really enjoyed reworking in-depth and re-engineer from scratch, after some tweaks and managing to factor-in the volumes, the Verbatim was born.
The Verbatim is essentially a "smart" moving average that will adapt itself to the price action, the volatility and the volumes, in order to filter-out whipsaw price action and help the user clarify opportunities for trend trading. Since the various components of the TIS helps serve as Support & Resistance level (see examples below), it will also prove to be helpful for swing traders.
Please use with caution, proper risk management and along with your favorite oscillator, channels, candlestick reading and signals system (such as the Pattern Detection System that will be provided complimentary to the TIS, in a separate script).
Some explanation :
Verbatim line :
- Green shows a bullish trend, orange for consolidation and red for bearish trend
- When it consolidates, it can be extended to the right to be used as a Support & Resistance line
example use case :
In summary :
- A possible entry is when price action confirms over the consolidating (orange) Verbatim, or after the Verbatim turns green. Please note that they both can prove to be false trend start, so these signals are best used with other indicators for confirmation
- A possible exit point show up when the price action starts closing into the Verbatim, or even safer, when the price action confirms under the verbatim, again, to be used with other indicators on the side
Trend Strength and Momentum:
- Read the current status at a glance
- Trend strength is the relative position of each trend lines (most of which are hidden on this "light" version), from -100% (=bear power) to +100% (=bull power)
- Momentum is measuring the slope of the Verbatim (and another hidden "smart" trend line) also from -100% to +100%; trend lines pointing downwards = bears waking up / in force, horizontal = consolidation or upwards = bulls waking up/in force
Important notes :
While is a very powerful yet easy to read Technical Analysis tool, it has been fully optimized for continuous markets such as crypto.
It is highly advised to use the default settings provided as they have been backtested more thoroughly ("continuous market" and "close" input)
To prevent confusing casual users and to avoid overoptimization -risky at best and counter productive at worst, according to legendary traders such as Mark Douglas- this version has most of the customization settings locked out; volume integration, smoothing method used, smoothing constant, volatility setting, period of study. The settings left available are :
- continuous market / call market selection, selecting "continuous maket" will use a specifically designed method of calculation for volatility , based on ATR, while selecting "call market" will automatically use ATR for calculating the volatility , and
- input source selection for the volatility calculation, which only works for "continuous market".
The locked out settings might be included in the future in a more restricted yet complete "Expert mode" version.
End notes :
It will always be considered a work in progress to help bring out the best of trend analysis.
Suggestions are welcomed to make it a more user-friendly tool.
Trade Calculator by RealmixA clean Trade Calculator for any Asset, which calculates everything you need to know.
This script is a modified version of the Position Calculator by Mysteriown. Link:
I try to make it a bit better for Futures Trading.
One For All - Trend Insight System v1.0Introduction :
The TIS takes price action, volume and volatility, to :
- provite a clear and easy to interpret global picture on the current trend siuations
- give hints for good take profit and exit points (see local consolidation line)
- help find support and resistance levels
- assess trend strength and momentum
Disclaimer :
The Trend Insight System (TIS) is among the most perfected trend following indicator. Built around the Verbatim (the main colored line), it is inspired by Tushar S. Chande's work on volatility, that I really enjoyed reworking in-depth and re-engineer from scratch, after some tweaks and managing to factor-in the volumes, the Verbatim was born.
The Verbatim is essentially a "smart" moving average that will adapt itself to the price action, the volatility and the volumes, in order to filter-out whipsaw price action and help the user clarify opportunities for trend trading. Since the various components of the TIS helps serve as Support & Resistance level (see examples below), it will also prove to be helpful for swing traders.
Please use with caution, proper risk management and along with your favorite oscillator, channels, candlestick reading and signals system (such as the Pattern Detection System that will be provided complimentary to the TIS, in a separate script).
Some explanation :
Verbatim line :
- Green is bullish trend, orange for consolidation and red for bearish trend
- When it consolidates, it and be extended to the right to be used as a Support & Resistance line
example use case :
Local consolidation line :
- A more optimal way to find an exit point when we have missed a top formation
example use case :
Verbatim channel :
- A way to visualize price disequilibrium
example use case:
Verbatim cloud:
- Stronger Support and Resistance levels
- Price disequilibrium
- Consolidation range (when Verbatim is inside the cloud and did not go through)
example use case:
Trend Strength and Momentum:
- Read the current status at a glance
- Trend strength is the relative position of each trend lines, from -100% (=bear power) to +100% (=bull power)
- Momentum is measuring their slope also from -100% to +100%; trend lines pointing downwards = bears waking up / in force, horizontal = consolidation or upwards = bulls waking up/in force
Important notes :
While is a very powerful yet easy to read Technical Analysis tool, it has been fully optimized for continuous markets such as crypto.
Each item of the Trend Insigth System can be disabled to suit your personal use. It is highly advised to use the default settings provided.
To prevent confusing casual users and to avoid overoptimization -risky at best and counter productive at worst, according to legendary traders such as Mark Douglas- this version has most of the customization settings locked out; volume integration, smoothing method used, smoothing constant, volatility setting, period of study. The settings left available are :
- continuous market / call market selection, selecting "continuous maket" will use a specifically designed method of calculation for volatility, based on ATR, while selecting "call market" will automatically use ATR for calculating the volatility, and
- input source selection for the volatility calculation, which only works for "continuous market".
The locked out settings might be included in the future in a more restricted yet complete "Expert mode" version.
End notes :
It will always be considered a work in progress to help bring out the best of trend analysis.
Suggestions are welcomed to make it a more user-friendly tool.
Wide BarsSimple scripts show the wide range bars within in the look back period, visualizing the bigger momentum.
Added four exponential moving averages which define the trend of the instrument.
Wide range candles in the direction of overall trend on higher timeframes; give confluence of higher participation in the same direction.
Note : Decent volume above the average volume with wide range candle adds more value.
OHO ATM MachineStudies Used:
We have used different type of candle stick patterns, open, close, high, low, Moving Averages, volumes and Average True Ranges in creation of this indicator.
Usage:
It can be used for scalping and intra-day trading. It works best on Nifty 5 Minutes , 15 Minutes, 1 Hour, Daily, Weekly and Monthly Time Frames.
It provides easy to visualize multiple information:
1) It gives the correct Entry on Time. Yellow ATM Area, Means No Trade.
2) Fake Signals are shown when There is Sell Signal and Below is ATM Area.
3) Fake Signals are shown when There is Buy Signal and Above is ATM Area.
4) It gives proper Target at the time of Entry.
5) Stop Loss is Hit when The Candle Closes below ATM Area in Buying and vice versa.
6) No Trade is Recommended, when ATM Area is Yellow.
How to read OHO ATM Machine Indicator?
Buy - When ATM Area is Turned Green in Color First Time after Last Red.
Sell - When ATM Area is Turned Red in Color First Time after Last Green.
Stop Loss - When The Candle Closes below ATM Area in Buy Trade and When The Candle Closes above ATM Area in Sell Trade.
Target - Thin Green Line for Buy Trade and Thin Red for Sell Trade.
Trailing SL - We can Trail the Trade, till the Stop Loss is HIT.
Recommendations:
This can be used for Nifty, Bank Nifty, Stocks, Commodities, Bitcoin, Currency and any other tradable instrument.
What time frame should I use?
5 Minutes and 15 Minutes are best time-frames for Intra-day Trades.
15 Minutes and Hourly are best time-frames for Swing Trades.
Hourly and Daily are best time-frames for Short Term Trades.
But you can check different time-frames in Strategy Testing section or as per your requirements.
Disclaimer:
Past performance is not the guarantee of future performance.
For any type of queries kindly send us personal message.
Engulfing Traps (Beta)This indicator scans the market for entries based on engulfing candles that "trap" candles (in terms of orders and price)
The indicator also detects killzones, which are basically supply and demand zones. We like to think of these as areas of which banks are placing their orders.
The indicator gives the 2 entry lines once the a breakout candle has appeared (red or green arrow on the engulfing)
Once the arrow appears on the breakout candle, the indicator will then draw:
-2 orange lines to box up the engulfing candle
-2 entry lines (dark green)
-SL line (red)
-2 Take profit lines (bright green)
New traps are not taken when a current trap is still active
*This indicator in no way is meant to be 100% accurate, please do your own analysis before placing any trades and trade with proper risk, as this market is extremely volatile and risky. Past profits don't guarantee future results*
FOR ACCESS: Please send us a private message to gain access to this indicator.
example: Event StatisticsEXPERIMENTAL:
A example on how to retrieve statistics from a recurring event.
Can be used to optimized strategy's, trade parameters, etc..
Alert of Cryptooo fox HYPER trading(CRYPTOOO FOX ( BCH ) long & short no repaint strategy)
Hello traders
- The alert of strategy is using higher time frame but it never repaint .
- The alert of strategy is working only in ( 10 % of equity ) you can change it as you want .
- When you use this alert you will get this message alert ( THIS INDICATOR MAY BE REPAINT )
and this is normal so we use higher time frame but as i said it ( never repaint )
- The alert of strategy is working in ( BCH / USDTP ) and ( BTC / USDTP) IN BINANCE FUTURE MARKET .
- I recommanded too much using ( 15 min , 30 min ) charts .
- This script is working in standard charts no ( heikien ashi or range ) charts .
- ( TO ACCES THIS SCRIPT PLEASE USE THE LINKS BELOW ) .
TradeMagna™ Timing Algo V2.5Over the years we've come up with three of the most profound problems that most traders struggle with:
1- when to take profits?!
2- how to hold my winning positions without overly thinking?
3- how can I get a trading system without conflicting indicators?
What makes TradeMagna Algo very unique is that it emphasizing the act of taking profit and be steady for the next position, and when you have a winning position it will let you keep it without overly thinking about closing it every while!
The main features you will find in our TradeMagna Algo V2 are standard buy&sell signals, strong signals, and candlestick coloring. All of these features don’t contradict each other but otherwise complement each other in an unprecedented way to be used as a complete trading system!
TradeMagna algo can identify synchronized trends “trend periods” and unsynchronized trends “ranging periods” when taking profits happens through range breakouts and multiple indicators working together under the hood without contradicting each other. Strong signals (Green or Red "Strong" tags) will trigger when either standard signals turned strong "synchronized", or when a new trend signal has triggered from purple candles.
When you get purple candles, it means to take profit and be steady for the next signal to trigger, or "be cautious" in your current position if the last triggered signal was strong.
Trend identifying strategies typically fails when markets are ranging and triggers many false signals, and to overcome this as best as possible, our purple candles indicate when strong signals may not be heading in the right direction; and that's what we mean by "be cautious" in your position...
Strong signals are the only signals for entering long or short positions and all standard buy and sell signals activate purple candles until it gets synchronized, so then it's safe to trade.
TradeMagna can be used on any market, and you can use either standard candlesticks, Heikin Ashi Candles (recommended), or TradeMagna Noise Removal (highly recommended) for spotting trends better as a swing trader.
Our strategy is ideally used for swing traders on higher timeframes such as 4H, 12H, 1D, 2D, 3D, 1W, and even on very high timeframes with good past results such as 1M, 3M on instruments like Bitcoin, currencies, Gold, or the S&P500, etc...
per our disclaimer on our website, if you are using this script you acknowledge that past performance is not necessarily indicative of future results, and no script can 100% guarantee success in trading.
You can use the link below to visit our website and gain access to the script.
Volume Effectiveness [BigBitsIO]This Volume Effectiveness indicator is designed to allow users to try and identify how effective volume is on each candle, and smoothing those values over time to try to find trends.
Volume Effectiveness is the % change in price for each single unit of volume on the associated candle. The value can be positive or negative, but there is an option to just monitor an absolute value.
Features:
- Volume Effectiveness
- Toggle if Volume Effectiveness should be an absolute value
- Toggle visibility of bars
- Smoothed moving average of Volume Effectiveness
- Adjustable period on the smoothed moving average
- Several moving average types available to use for the smoothed moving average
- Toggle visibility of smoothed moving average
