trend_vol_forecastNote: The following description is copied from the script's comments. Since TradingView does not allow me to edit this description, please refer to the comments and release notes for the most up-to-date information.
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USAGE
This script compares trend trading with a volatility stop to "buy and hold".
Trades are taken with the trend, except when price exceeds a volatility
forecast. The trend is defined by a moving average crossover. The forecast
is based on projecting future volatility from historical volatility.
The trend is defined by two parameters:
- long: the length of a long ("slow") moving average.
- short: the length of a short ("fast") moving average.
The trend is up when the short moving average is above the long. Otherwise
it is down.
The volatility stop is defined by three parameters:
- volatility window: determines the number of periods in the historical
volatility calculation. More periods means a slower (smoother)
estimate of historical volatility.
- stop forecast periods: the number of periods in the volatility
forecast. For example, "7" on a daily chart means that the volatility
will be forecasted with a one week lag.
- stop forecast stdev: the number of standard deviations in the stop
forecast. For example, "2" means two standard deviations.
EXAMPLE
The default parameters are:
- long: 50
- short: 20
- volatility window: 30
- stop forecast periods: 7
- stop forecast standard deviations: 1
The trend will be up when the 20 period moving average is above the 50
period moving average. On each bar, the historical volatility will be
calculated from the previous 30 bars. If the historical volatility is 0.65
(65%), then a forecast will be drawn as a fuchsia line, subtracting
0.65 * sqrt(7 / 365) from the closing price. If price at any point falls
below the forecast, the volatility stop is in place, and the trend is
negated.
OUTPUTS
Plots:
- The trend is shown by painting the slow moving average green (up), red
(down), or black (none; volatility stop).
- The fast moving average is shown in faint blue
- The previous volatility forecasts are shown in faint fuchsia
- The current volatility forecast is shown as a fuchsia line, projecting
into the future as far as it is valid.
Tables:
- The current historical volatility is given in the top right corner, as a
whole number percentage.
- The performance table shows the mean, standard deviation, and sharpe
ratio of the volatility stop trend strategy, as well as buy and hold.
If the trend is up, each period's return is added to the sample (the
strategy is long). If the trend is down, the inverse of each period's
return is added to the sample (the strategy is short). If there is no
trend (the volatility stop is active), the period's return is excluded
from the sample. Every period is added to the buy-and-hold strategy's
sample. The total number of periods in each sample is also shown.
Trend
Relative Strength - Price & VolumeNow you can see both Price & Volume Relative Strength Together
If both Price & Volume increases, then BULLISH
If both Price & Volume decreases, then UNCERTAIN, NEUTRAL, TRAP
If Price decreases & Volume increases, then BEARISH
Pro Algo: Find the Direction and Follow the Trend
Find direction is the key to success for all traders. This script can find the direction and Opening Range. All you need to do is follow the direction and the trend generated from this script. It can be used for day trading and swing trading on all time frames. It generates short-trend, medium-trend and long-trend lines with no repaint and no lagging. It also generates Support/Resistance (S/R) area for Day-time and 24 hours time-frame.
How does it work?
* Defines all support/resistance (S/R) levels based on floor trader’s pivot points and my own S/R levels.
* Calculates the trend/reversal signals, price reactions close to all above S/R levels.
* Generates short-trend, middle-trend and long-trend line based on all combined factors and directions.
What are the signals?
* Pink line are short-trend line
* Green line are short-trend line
* Red line are short-trend
* Deep green area is S/R Opening Range for day-time, which can be used as Open Range Breakout
*
How to use?
* Find the Opening Range(green area)
* Follow the direction of Pink/Green/Red lines
* Trade in the same direction of opening range breakout and the direction of trend(Pink/Green/Red lines)
* It works on all time-frames from 1 min, 2 min, 3 min to 4 hours chart.
* The trend lines will not change, i.e trend lines will be same for all time frames
* There is no way to filter all noises even with higher time frame, all the trades must have a stop Or Reversal the direction once the trend is changed.
* These trend lines provide excellent support and resistances levels.
How to access?
* PM me (ProKingTV) to obtain access
* 10 days Free Trial is available
Dz Trader 200 Cloud Overlaythis indicator is a simply smoothed 200 moving average, displayed with a cloud. it will either be red cloud for bearish or green cloud for bullish. apply to chart to make it easy to see what the chart is doing compared to the size of the cloud
Percentage Oscillator SwingThe percentage price oscillator (PPO) is a technical momentum indicator.
It shows the relationship between the close of a candle and the highest/lowest point with a specific lenght in percentage terms.
Rules
The higher percentage on the values upwards, compared to those downwards, the higher the power of the bull trend.
The higher percentage on the values downwards, compared to those upwards, the higher the power of the bear trend.
Trend Momentum with Buyers / Sellers PowerHi there!
With this indicator, you can hunt big trends before they start.
This indicator is combined with RSI and Momentum indicators
It can show you the power of trend and which side it wants to go
It can help you to open a position at the first point of a new trend or at the safe and proven point of the trend, also it can help you to close your position before the trend change its direction (it's not recommended to use it to close your positon, but sometimes it can help you to find the ending point of big pumps)
Rules:
* Baseline is ZERO ( 0 ) line
* When gray line crossover red line, it shows us a powerful uptrend
* When the gray line crossunder the red line it shows us a powerful upward trend
Signals:
* Only use Buy signals(Long) when they are above or crossing-up baseline
* Only use Sell signals(Short) when they are under or crossing-down baseline
* If they both (red and gray lines) are too high and they suddenly starting to come back to baseline, it shows we have a range trend, the trend is weak or a reversal trend is coming!!
!! WARNING: DO NOT USE THIS INDICATOR ALONE !!
Suggestions :
-Use 1H, 4H, daily, or Weekly timeframes
-Use ADX and DI or three WMA's
-Use divergence
-You can use it for scalping but you need to change the inputs (not recommended)
If you have any idea about making new indicators(what information do you want from the chart?), comment please, then I can research and make it for all of us! =)
Stochastic Weighted RSI w/ Divergence + Signals🐢 Tawtis' Stochastic Weighted Relative Strength Index , aka SWRSI
This indicator combines the Stochastic RSI and the classic RSI we all know and love to create a more effective indication of seller/buyer dominance, and in turn, trend. I have named it the "Stochastic Weighted RSI". The script also includes a standard RSI, so you can use both at the same time!
Loads of customisation, pretty much every input can be changed to fit your preferences, however, the default settings are what I would personally recommend for the best results. Either way, feel free to change them!
By looking at the indicator, you can also establish the trend that may follow in the candles to come.
Typically, an indicator reading of over 70 is considered overbought, and an indicator reading of under 30 is considered oversold.
The calculations for the SWRSI and its signals take into account a multitude of exponential moving averages, a Stochastic RSI and a classic RSI, among other things.
There are 2 types of signals provided by the indicator, being strong and weak. You do not have to follow these, and they aren't always accurate (it's impossible to be accurate 100% of the time), however, they can give a good idea of the trend that will ensue.
Strong buy signals are created when:
SWRSI is under 30
SWRSI is over the EMA (default 2) of the SWRSI
Short EMA (default 20) is under the long EMA (default 50)
Strong sell signals are created when:
SWRSI is over 70
SWRSI is under the EMA (default 2) of the SWRSI
Short EMA (default 20) is over the long EMA (default 50)
Weak buy and sell signals are printed as green and red background highlights, and operate the same as the strong buy and sells, without the short/long EMA criterion. Both of these signal types can be toggled off using the settings if you do not want to see them.
Enjoy!
Reditum SniperReditum Sniper synchronizes multiple time frames POC's (Point of Control) to a single graph, allowing its user to find valuable area's which may act as key levels to take educated decisions. Furthermore it uses custom made formulas to find the lookback period of previously mentioned values.
Reditum Sniper vs Reditum Scanner
Reditum Sniper aproaches the markets in a similar way as the Reditum Scan, yet it counts with several updates and overall a rebrand. The Reditum Sniper includes bug fixes, weekly poc has been added, the ability to fix the max_bars_back error in any security, less memory use which is required due to errors presented in later versions of the TradingView platform, functions which simplify the code and much more!
Components of Reditum Scan:
POC's (30 min, 60 min, 120 min, 240 min, daily, weekly)
How does it work?
The algorithm allows you to identify areas of strong support and resistance , based on where most of the trading activity takes place.
What are the strategies for considering placing a trade?
1.Cluster (agglomeration of multiple POC's) to cluster (by identifying two clusters, the price could go smoothly from one Cluster to the other).
2. From cluster (agglomeration of multiple POCs, each with unique color. Now, from this cluster important movements may begin).
3. Towards a cluster (like the “from cluster” pattern, we identify areas of high interest for institutional companies, in this pattern the cluster acts like a magnet, if price is near it may be fully attracted towards the agglomeration).
If you are a member of the mastermind tribe please contact the support team within the tribe to access the indicator (do not leave personal or subscription data in the comments on this page), if not, please visit the link located in our signature.
Thanks for taking a look!
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Reditum Sniper sincroniza múltiples POC's (Puntos de Control) de distintos marcos de tiempo a un único grafico, permitiéndole al usuario encontrar áreas de alto valor que pueden actuar como niveles clave para tomar una decisión educada en su inversión. Además utiliza formulas propias para encontrar la cantidad de data utilizada para los valores previamente mencionados.
Reditum Sniper vs Reditum Scanner
Reditum Sniper enfrenta el mercado de una manera similar al Reditum Scan, aun así cuenta con una gran cantidad de cambios y sobre todo un cambio de marca. El Reditum Sniper incluye una gran cantidad de arreglos de bugs, el poc weekly ya esta incluido por default, la habilidad de solucionar el error max_bars_back que se presentaba en ciertos marcos de tiempo, menor uso de memoria el cual se requiere debido a que se presentaba este error en nuevas versiones de la plataforma, funciones que simplifican el código y mucho más!
Componentes de Reditum Scan:
POC´s (30 min, 60 min, 120 min, 240 min, diario, semanal)
¿Cómo funciona?
El algoritmo le permite identificar áreas de fuerte soporte y resistencia, según el lugar donde se lleva a cabo la mayor parte de la actividad comercial.
¿Cuáles son las estrategias para considerar una entrada?
1.Cluster (aglomeración de múltiples POC´s) a cluster (al identificar dos cluster el precio podría ir con fluidez desde uno al otro que lo recibe).
2.Desde cluster (lo identificamos con la aglomeración de múltiples POC identificados con colores que hacen fácil la lectura. Ahora, desde este cluster podrían iniciar movimientos importantes).
3.Hacia cluster (al igual que el patrón “desde cluster” identificamos zonas de alto interés para los institucionales, en este patrón el cluster actúa como un imán para el precio, de modo que cuando el precio está lejos de él, lo podría atraer con fuerza).
Para acceder a la herramienta, si usted es miembro de la tribu mastermind por favor comunicarse con el equipo de soporte dentro de la tribu (no dejar datos personales ni de suscripción en los comentarios de esta página), si no es miembro por favor visite el enlace a continuación en nuestra Firma.
Gracias por echarle un vistazo!.
3x EMA fast, 3 x MA slow + BB + PsarThis is a trend system which combines multiple fast EMA + mulitple slower SMA together with bollinger band channel and PSAR.
For entry rules the ones that I use are:
Long
We are inside BB channel, psar is ascending, and our close is above all moving averages or below all EMA'S + 1 SMA
WE can exit either when our close is below all EMA's or when PSAR is descending or when we hit upper/lower BB levels
Short
We are inside BB channel, psar is descnending, and our close is below all moving averages or below all EMA's + 1 SMA
WE can exit either when our close is above all EMA's or when PSAR is ascending or when we hit upper/lower BB levels
If you have any questions, let me know
Burgerized MTF BB + Reverse Engineering RSI (RERSI) + Hidden S&RThis is a mod of a script by informanerd that has helped me immensely with my trading setup.
HUGE HUGE HUGE credit to him! Check him out! He gave me permission to publish this and so here I am, sharing it with you. I hope you all like it!
This version is functionally essentially the same - the difference is in visualization choices and automation.
Instead of selecting different timeframes, and thus having to change not one but 4 timeframes manually every time you look at a different time frame on the main chart, I found (with help from the kind community in the Pine Script chat right here on Tradingview!) a method to choose multiples so that you can have consistent results no matter what timeframe you are looking at.
Default is set to multiples of 2, 4 and 8 which is the system I found works best for myself personally.
I also changed visualization - crossovers are now highlighted in the background of the respective bands. By default I have chosen different transparency levels for crossovers then sitting inside the bands. This destroyed the ability to modify colors the old school way in Style tab, but I have added inputs for all the relative settings so you can modify the visual aspect to your hearts content, as I know my colors make most people barf (something I did when I was younger maybe?).
Hope the nice barfs of color help you quickly see trends and reversals - I know they help me! Happy trading, no matter your timeframe! xD
TradePro Parabolic SAR BackgroundTradePro Parabolic SAR Background
This indicator is a small tribute to youtuber TradePro
The operation is simple. It is the same Parabolic SAR indicator with its default configuration, but in background format. It is a new way to visualize the same information, more understandably. It is in itself a complete trading system, it can be used in conjunction with the traditional Parabolic SAR to locate the stop loss.
Parabolic SAR
In stock and securities market technical analysis, parabolic SAR (parabolic stop and reverse) is a method devised by J. Welles Wilder, Jr., to find potential reversals in the market price direction of traded goods such as securities or currency exchanges such as forex. It is a trend-following (lagging) indicator and may be used to set a trailing stop loss or determine entry or exit points based on prices tending to stay within a parabolic curve during a strong trend.
Similar to option theory's concept of time decay, the concept draws on the idea that "time is the enemy". Thus, unless a security can continue to generate more profits over time, it should be liquidated. The indicator generally works only in trending markets, and creates "whipsaws" during ranging or, sideways phases. Therefore, Wilder recommends first establishing the direction or change in direction of the trend through the use of parabolic SAR, and then using a different indicator such as the Average Directional Index to determine the strength of the trend.
A parabola below the price is generally bullish, while a parabola above is generally bearish. A parabola below the price may be used as support, whereas a parabola above the price may represent resistance.
Probability MTF [Anan]█ OVERVIEW
Probability is simply how likely something is to happen.
Whenever we’re unsure about the outcome of an event, we can talk about the probabilities of certain outcomes—how likely they are.
The best example for understanding probability is flipping a coin, There are two possible outcomes—heads or tails..
In our case, the coin is (Green/Red) Candles
So:
Probability of an event = (# of ways it can happen) / (total number of outcomes)
P(A) = (# of ways A can happen) / (Total number of outcomes)
So:
The probability of the next candle is green (Up)= (# of past green candles) / (total both candles sum "length")
The probability of the next candle is red (Down)= (# of past red candles) / (total both candles sum "length")
█ FEATURES
- Fully control of Probability (Source / Length)
- Show / Hide / customize three rows of Probability.
- Multi-timeframe Table.
- Full control of displaying any row or any column.
- Full control of Table position and Size and Colors.
Directional AnalyzerThis script attempts to equip users with the necessary information about the direction of an instrument, and essentially it is a synergy of 3 algorithms.
The first algorithm (plotted as dots at level 0) studies the balance of delta volatility that constitutes the current bar and answers if bulls or bears are in control at that exact bar time
The second algorithm (plotted as an area) studies the development of delta volatility over the defined period by means of a polynomial regression. Effectively, it provides an overall picture of the trend strength.
The third algorithm (plotted as a line with arrow labels) utilizes simple elements of neural network in conjunction with some custom filters to predict the focal point that a trend will reverse its direction. This is predictive in nature, hence always adopt this with caution. While the labels display the predicted direction, the colors of the line also reflect the state of the current bar as well, adding to the confirmation of the first algorithm.
May you be on the right side of the trade.
Scalp ProScalp Pro is a scalping tool that uses the MACD mechanism. MACD lines are smoothed using fibonacci numbers and pi numbers. In this way, the noise on the signal is reduced. A " BUY " signal is generated when the lines cross upwards. If the lines cross down, a " SELL " signal is generated. The logic is very simple and the Indicator is very useful.
I wish you many profitable trades.
Skynet levels + trend + entry/exitThe Skynet levels + trend + entry/exit has the following features.
1>>> The SKYNET LEVELS : There are 3 Skynet levels namely "Upper Pivot" represented by color aqua/blue, "Lower Pivot" represented by the color pink/purple and "Pivot levels" represented by color yellow. The Skynet levels are calculated based on the OHLC data of the past 20 candles.
1.a> The "Upper Pivot" acts as the first resistance for the price and a breakout at the "Upper Pivot" indicates strong upward momentum.
1.b> The "Lower Pivot" acts as the first support for the price and a breakdown at the "Lower Pivot" indicates strong downward momentum.
1.c> The "Pivot level" acts as the median line for the price and the price behavior at the "Pivot level" should be given great significance.
***The "Upper Pivot" and "Lower Pivot" also displays the range of the price action for the past 20 candles. A narrow range indicates volatility suppression and possibility of a big price movement in the future.
Similarly, a wide range indicates volatility expansion which is usually followed by a sideways price movement.
The Skynet levels can be turned ON/OFF from the indicator settings.
2>>> The SKYNET TRENDS : The Skynet trend is a visual trend displayed to make it easy to identify the trend and change in trends.
The trends are identified using the movement of customized exponential moving averages and the price movement itself.
The green/lime color indicates a bullish trend and the red/maroon color indicates a bearish trend.
The darker shade of the green/lime color indicates a stronger bullish momentum and also indicates that the price is too far away from its mean level and there is a likely chance of mean reversion.
Similarly, the darker shade of the red/maroon color indicates a stronger bearish momentum and also indicates that the price is too far away from its mean level and there is a high chance of mean reversion.
3>>> Entry/Exit points : Entry/Exit points are represented by "Green up triangle" and "Red down triangle" respectively.
These labels are generated on the basis of the movement of the price in reference to its "Anchorline". The "Anchorline" is calculated by using the OHLC data of the past 20 candles.
**** This "Anchorline" is different from the earlier mentioned "Pivot level" . Both are derived from OHLC data of the past 20 candles but with different calculations.
Disclaimer: This indicator is not 100% accurate and false signals are generated from time to time. Trading in the markets involves huge risks and one should always do his/her own research before making any trading decisions. This indicator is only designed to help you make a trading decision.
Jacky Trend ExpertThe Trend expert is a calculation of SMA and MA for a special trend formula to estimate the momentum of the daily Trend.
Basically, it is how it read:
1. Red candle is shorterm uptrend.
2. Green candle is a short-term downtrend.
3. The height of the candle is momentum price bet stronger or weaker.
4. Maroon color line is the EMA 20 days. The trend above EMA20 is stronger.
Percentage MACD Enhanced 3This MACD is calculated using percentage above or below the zero line for consistency and compatibility across different stocks and markets. The price bars are colored when MACD is above/below extreme levels and crossed in that direction. The intention is to use this setting on a longer time frame and trade only in the direction the bars are colored. This setting is also a powerful way to take profits! As usual, my scripts are public for scrutiny and to adjust for your personal needs.
Auto Fib Time Zones and Trend-Based Fib Time by DGTFibonacci time zones, based on the Fibonacci number sequence, are vertical lines that represent potential areas where a swing high, low, or reversal could occur.
Trend-Based Fib Time shows probable price corrections in an existing trend. A useful tool to use in addition to Elliot Wave counting, Fib Time helps to identify how far the wave is likely to travel
Please note, Time zones aren't concerned with price, only time
Disclaimer :
Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely
The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
Financial Astrology Indexes ML Daily TrendDaily trend indicator based on financial astrology cycles detected with advanced machine learning techniques for some of the most important market indexes: DJI, UK100, SPX, IBC, IXIC, NI225, BANKNIFTY, NIFTY and GLD fund (not index) for Gold predictions. The daily price trend is forecasted through planets cycles (angular aspects, speed phases, declination zone), fast cycles are based on Moon, Mercury, Venus and Sun and Mid term cycles are based on Mars, Vesta and Ceres . The combination of all this cycles produce a daily price trend prediction that is encoded into a PineScript array using binary format "0 or 1" that represent sell and buy signals respectively. The indicator provides signals since 2021-01-01 to 2022-12-31, the past months signals purpose is to support backtesting of the indicator combined with other technical indicator entries like MAs, RSI or Stochastic . For future predictions besides 2022 a machine learning models re-train phase will be required.
When the signal moving average is increasing from 0 to 1 indicates an increase of buy force, when is decreasing from 1 to 0 indicates an increase in sell force, finally, when is sideways around the 0.4-0.6 area predicts a period of buy/sell forces equilibrium, traders indecision which result in a price congestion within a narrow price range.
We also have published same indicator for Crypto-Currencies research portfolio:
DISCLAIMER: This indicator is experimental and don’t provide financial or investment advice, the main purpose is to demonstrate the predictive power of financial astrology. Any allocation of funds following the documented machine learning model prediction is a high-risk endeavour and it’s the users responsibility to practice healthy risk management according to your situation.
Trend From Volume And Price (TFVAP)Indicator that indicates buying and selling times based on price and volume and who is imposed of the two (VAP).
It uses the trends of the Dow theory (primary: 365 days/1 year, secondary: 90 days/3 months and tertiary: 21 days/3 weeks) and the identification of Elliot waves, both impulse and correction, based on the Fibonacci retracements (23.61% , 38.2%, etc.).
- Purple line is the evolution in percentage of the price in the primary trend
- Blue line is the evolution in percentage of the volume in the primary trend
- White line is the evolution in percentage of the (volume % - price %) in the primary trend, if white line > 0
- Green triangleup is time of start to buy
- Green square is time of stop to buy
- Red triangledown is time of sell
To understand it better:
If the purple line goes up it indicates that the price is rising, if it goes down, that the price is down.
If the blue line is greater than 0 it indicates that there are more purchases than sales, if the blue line is less than 0 it indicates that there are more sales than purchases.
If the white line is greater than 0 there is a high volume of purchases or low sales for the price that there is, it is likely that the price will rise.
If the white line is less than 0 there is a low volume of purchases or high sales for the price that there is, it is likely that the price will go down.
PD: Ignore the chart drawings, the indicator script is only represented at the bottom
Papercuts Super Trend MTF v02All my scripts are part of a suite called Papercuts .
This one uses one current timeframe supertrend and adds Four Automatic Higher Timeframe Supertrends based on those same parameters to help you determine larger trends while only needing a single chart. This works quite well on 5 and 15 minute charts and will look up in time. Confident trends can be identified by having two or more lines in the same direction.
When unified, the intensity of the glow should increase a trends confidence. Unify collapses the 3 highest timeframe supertrends into the first higher timeframe supertrend. Without Unify on, the overall trends are usually easier to see at just a glance. Higher timeframe supertrends can show support or resistance and act as stop loss limit ranges if you choose. Unify keeps things a bit cleaner and more compact.
V02 updated to fsecurity for no repainting and added a 3MA trend option as well.
Thanks to @Pinecoders for helping me better understand the security function!
Here is a view with Unify on....
Here is a view with Unify off...
[astropark] Trend Is Your Friend SERIES [alarms]Dear Followers,
today I'm glad to present you an indicator which is a mix of three indicators of mine: Trend Is Your Friend Series !
As you may easily understand from the name, this indicator incorporates all 3 Trend is You Friend indicators I made in past.
This way you can control all of them just with one indicator.
Of course this comes with some useful integration features:
a bull green triangle appears when all trends are bullish (you can set an alert for this)
a bear purple triangle appears when all trends are bearish (you can set an alert for this)
bar coloring reflects the bullish/bearish integration too
you have an option to enable/disable all trends buy/sell signals
you have an option to hide trend clouds borders (chart will be way cleaner this way)
you can still customize each trend indicator settings and set alerts on each trend individually
you can enable/disable heikin ashi analysis
As per Trend is Your Friend V1/V2/V3, this indicator is for higher timeframe trading, from 4h and above is suggested.
This indicator is pretty good for both Swing and Scalping , you can run it over a bot or use it on Renko chart!
If you are a scalper, you will love suggested entries for fast profit. You can run it on 1h timeframe in this case (below is not suggested, there is "no-trend" below 1h!). If you are used to scalp trading, be sure to close each trade whenever you feel happy (a proper trailing stop strategy is suggested for example).
As I always say, all tools are great if you use them correctly: this is not the "Holy Grail", so always use proper money and risk management strategies.
For your reference, here you can see original basic indicators that were integrated here:
V1 backtesting strategy
V2 backtesting strategy
V3 backtesting strategy
This is a premium indicator , so send me a private message in order to get access to this script.
NSDT Trend CandlesThis script changes the color of the candles based on uptrend (green), downtrend (red), neutral/chop (yellow). It uses an ATR and Pivots to determine the direction, or lack of. Since all markets move differently and market volatility changes, you will need to adjust the settings to find a potential match for the day. It's pretty simple to use. Just enter in the direction of the trend and exit (or reverse) when the candle color changes.
Crypto Advanced Trading IndicatorThe Crypto Indicator gives you a true picture of the market entry points, after a scan it does every period (after every candlestick closes) . It is pretty straightforward in its use with clear visual representation of the entry and exit points provided by the indicator.
This allows you to make improved entry and exit points and accommodates many trading styles, systems, and strategies.
It will work along most TradingView indicators and the timeframes we recommend you using it in are the 1H and sometimes the 4H chart.
The specific components of the indicator are:
Methodology:
The indicator uses a MACD oscillator to determine the local trend direction and to give buy & exit signals when its conditions are met.
An optional TradingView indicator, exponential moving average cross (EMA cross), can be used to filter out 'false' signals.
The calculation of the entry points are drawn from specific different prices for every one of the coins hardcoded in the script, and the filter function in the indicator settings, allows the user to change those prices based on the coin he is currently watching, based on the specific coin it is chosen in the filter.
Persistent variables are used for buy and exit prices, enabling color-coding of the signals (profitable or not).
Features:
Color coded labels - Buy, Exit = purple
Two types of entries - Bull Buy = green, Bear Buy = orange
Coin filter
Buy signal alerts
Remarks:
In our experience and therefore recommendation, the values used for each crypto coin work best on the 1-Hour timeframe. We encourage everyone to experiment, but the best results we had, were on this specific timeframe or higher.
Using the indicator on non-standard charts (Heikin Ashi, Renko etc.) can produce unrealistic results.
- Thanks to John Aslanis and Alexandros Temelkou the idealists and creators of this indicator.
Use the link below to watch a tutorial video, request a trial, or purchase for access:
