Análise de Tendência
RSI Hybrid ProfileThis is a Hybrid Script designed on the basis of a well know Indicator RSI - Relative strength Index, ATR, Standard Deviations and Medians. Effort is being made to present RSI in a Profile based concept to leverage and elevate trading signals and identify potential trade while effectively managing the RISK.
Trend Colour Coding :-
Green = Bullish
Red = Bearish
Gray = Mean Reversion/ Rangebound Markets
The script includes the following Elements
1) Candlestick chart of RSI of current time frame in lower pane :-
It helps to effectively compare the price action with that of RSI to clearly identify early breakouts or breakdowns in RSI as compared to price chart and identify early trade opportunities as well as Divergences
2) Higher Time Frame RSI :-
The orange line in the lower pane to help take analysis of Higher Timeframe, to evaluate and assess trend in more refined manner.
3) Point of Control Zone :-
The middle horizontal band with colour coding to highlight the Point of Control of the price action based on its relative strength.
4) Black Circles - POC Change Markers - RSI profile Value area Shifts :-
All the Black Circles plotted on chart are RSI Point of Controls, which signal upcoming Trend and should be closely watched as it can help identify wonderful Entry/Exit Opportunities.
5) Value Area :-
The horizontal lines above and below the POC Zones are the Value areas, they are extremely useful to identify the potential support/resistance zones during the trending markets and potential target zones during the mean reverting markets. The width also helps assess the underlying volatility and risk and can help in determining the position size based on it. The setting can be adjusted based on Value area Range Multiplier. 1 is the ideal setting as it represents 1 Standard Deviation of Data.
6) Trailing Stops :-
The Green Trailing line helps as trailing stoploss in buying positions and Red Trailing Line helps as trailing SL in Selling Positions. These are especially useful when price is far away from the value area zones or when volatility is very high. The setting can be adjusted based on trail multiplier in the settings.
Here are the few examples of how to use the script on different asset classes
1) Gold Futures - Exhibiting the use of trend and SL and how to change positions based on retracement and RSI Interpretation.
2)Nifty 50 - Exhibiting the importance of POC , RSI Divergence and Breakout and SL Trail and POC Change Markers
3) Bitcoin/US Dollar - Showing the use of Value areas as support zones and using RSI overbought and oversold regions to manage pullbacks and retracement confirmations.
4) JSW Energy Limited - Stock - Showing the combined use of the scripts elements in trading environment.
Feel Free to use it on Charts and leverage the power of this wonderful Indicator.
Pro Trading Art - Swing Trading Master V2Pro Trading Art - Swing Trading Master V2
The Pro Trading Art - Swing Trading Master V2 is an exclusive, invite-only strategy crafted for traders aiming to master swing trading across various markets. This advanced strategy combines sophisticated price action analysis with momentum and volatility indicators to deliver precise entry and exit signals, optimized for both bullish and bearish market conditions.
Key Features:
Advanced Swing Detection: Employs a proprietary blend of moving averages, momentum oscillators, and volatility filters to identify high-probability swing trade setups.
Flexible Position Sizing: Allows customizable position sizes and risk-reward ratios, enabling traders to tailor the strategy to their risk tolerance.
Dynamic Exit Strategies: Includes adjustable take-profit and stop-loss levels, with options for percentage-based exits and an intelligent trailing stop to maximize gains.
User-Friendly Visuals: Provides clear buy and sell signals on the chart, enhanced by color-coded zones to highlight trending and ranging markets.
How to Use:
Apply the Swing Trading Master V2 strategy to your preferred chart on TradingView.
Configure input parameters, such as signal sensitivity, stop-loss, and take-profit levels, to match your trading preferences.
Watch for buy/sell signals and monitor color-coded chart zones to guide your trading decisions.
Leverage the trailing stop feature to protect profits during trending markets.
This strategy is perfect for traders seeking to capture medium-term price swings with a disciplined, systematic approach. Access is restricted to invited users, ensuring a premium and exclusive trading experience.
Buy and Sell with Entry-SL-TGT The Buy & Sell with Entry-SL-TGT Indicator is a trend-following tool that generates Buy (B), Sell (S), Risky Buy (RB), and Risky Sell (RS) signals. It is designed based on Average True Range (ATR) calculations and integrates seamlessly with basic trading studies. Developed to provide double-confirmation signals, it enhances trend-following strategies. The indicator filters standalone signals using the TD Line to reduce false positives. It plots customizable Entry, Stop-Loss (SL), and Target (TP) lines with user-defined Risk-Reward Ratios (1:1, 1:2, 1:3) and accounts for gap-ups/downs (0.3% threshold). A Smart Rebalancer plots a 12.5% downside line for positional trading. Alerts are configurable for specific or all signals. It is not intended for standalone use without market knowledge.
Alpha1Alpha1 is a streamlined trend analysis tool designed to offer visual clarity for directional bias in various market conditions. This script combines adaptive price tracking with dynamic smoothing logic to help traders stay aligned with the prevailing trend.
It is optimized for both short-term and mid-term chart analysis and integrates seamlessly with a wide range of trading strategies. It best works on 15 minute time frame.
This is an invite-only tool intended for private research and use. For educational purposes only — not financial advice.
Fidelity Sector Switching ProgramApproximate recreation of the "Fidelity Sector Fund Switching Program" based on Walter Deemer’s published methodology. Source: walterdeemer.com
This script analyzes Fidelity sector funds, calculates relative strength ratings, and ranks them by strength. It selects the top 3 funds for holding. Exit triggers:
Fund drops into the bottom half of all funds.
Fund falls below the S&P 500.
Fund falls below the money market rate (T-Bills).
strength_rating = (( (0.5 * 8) + (0.25 * 16) + (0.25 * 32) ) * 1000) - 1000
Notes :
Funds marked with " * * " are not official switching set but are included for long-term trend observation.
* 90d T-Bill rates are unavailable; TBIL ETF used as proxy.
* Script loads slowly due to required fund data volume.
• Minor output variations may occur if the Wednesday market is closed; script uses the next available close.
Intended Use & Disclaimer:
• Intended for educational and analytical use only. Not financial or investment advice.
• This 'program' may be at risk of Fidelity’s 90-day round-trip violation policy.
ProXAU Demo by Trong Nghia InvestDemo Indicator for ProXAU/ProBTC, signals are delayed by 20 bars. Please feel free to backtest and/or replay trade.
Remember to manage funds!
AI ALGO [SardarUmar]This PineScript code is a comprehensive trading strategy that combines trend identification, rejection signals, and profit target management. Here's a detailed breakdown:
Trend Identification
1. Supertrend: The code uses a Supertrend indicator with a weighted moving average (WMA) and exponential moving average (EMA) to smooth out the trend line.
2. Trend Direction: The trend direction is determined by the crossover and crossunder of the Supertrend line.
Rejection Signals
1. Bullish Rejection: A bullish rejection signal is generated when the price consolidates at the trend line and then moves above it.
2. Bearish Rejection: A bearish rejection signal is generated when the price consolidates at the trend line and then moves below it.
Profit Target Management
1. Stop Loss (SL): The stop loss level is calculated based on the Average True Range (ATR) and a specified multiplier.
2. Take Profit (TP) Levels: The code calculates multiple take profit levels (TP1, TP2, TP3) based on the stop loss distance and specified multipliers.
Alerts
1. Trend Change Alerts: Alerts are generated when the price crosses above or below the stop loss level, indicating a potential trend change.
2. Rejection Signal Alerts: Alerts are generated when the price rejects at the stop loss level, indicating a potential rejection signal.
3. TP Hit Alerts: Alerts are generated when the price reaches the take profit levels.
Visualizations
1. Trend Line: The trend line is plotted on the chart, with different colors for bullish and bearish trends.
2. Rejection Signals: Rejection signals are plotted as shapes on the chart.
3. Profit Target Levels: The profit target levels are plotted as lines on the chart.
Notes:
- This code is for educational purposes only and should not be used as is in live trading without thorough backtesting and validation.
- Traders should always use proper risk management techniques and position sizing when trading with automated systems.
The code seems well-structured and readable. However, it's essential to test and validate any trading strategy before using it in live markets.
Million Moves Algo V4.3
Million Moves Algo 777
Trading Strategy Description
The Million Moves Algo 777 is an advanced multi-timeframe trading system designed to identify high-probability trading opportunities through a combination of trend analysis, momentum indicators, and adaptive volatility measurements.
Core Components:
Dual Signal System
Regular signals for standard price movements
Smart signals with enhanced filtering to reduce false entries
Buy signals occur when price crosses above SuperTrend with SMA confirmation
Sell signals trigger when price crosses below SuperTrend with SMA validation
Multi-layered Trend Visualization
Trend Ribbon: Color-changing multiple EMAs (20, 25, 30, 35, 40, 45, 50, 55)
Trend Cloud: Keltner Channel-based support/resistance zones
200 EMA as primary trend filter
Multi-Timeframe Analysis
Real-time trend analysis across 3m, 5m, 15m, 30m, 1h, 2h, 4h, and daily timeframes
Dashboard display showing bullish/bearish status of each timeframe
Trend alignment indicators for higher probability setups
Advanced Risk Management
Three-tier take profit system (TP1, TP2, TP3)
Dynamic profit targets based on recent price action
Automated plotting of key exit levels
Adaptive Volatility System
Real-time volatility classification: Very Low, Low, High, Very High
ATR-based calculations for market condition assessment
Visual dashboard representation for quick reference
RSI-based Color Adaptation
Green spectrum: Bullish conditions (RSI > 55)
Purple spectrum: Neutral conditions (RSI 45-55)
Red spectrum: Bearish conditions (RSI < 45)
Trading Guidelines:
Enter long positions on buy signals when trend ribbon is green and multiple timeframes show bullish alignment
Enter short positions on sell signals when trend ribbon is red and multiple timeframes show bearish alignment
Use TP levels for systematic profit-taking
Adjust position sizing based on current volatility readings
Consider exiting when opposing signals appear or when price breaks the trend structure
This comprehensive technical system combines trend, momentum, volatility, and multi-timeframe analysis to provide a systematic approach to trading across various market conditions.
Reintentar
Mogambo ScalpingJUST SCALP with the SIGNALS. Make little entries take your profit and enjoy the trades.
Session Breakouts with ORBIn this script, the 15-Minute ORB strategy is used in combination with Breakouts and Volume. This tool selectively analyzes various futures markets in order to provide a comprehensive outlook on future price movement. This strategy is coded specifically to be used on the 15-minute TF.
This tool is uniquely special in that it utilizes reversal signals and is more in line with other indices markets to give you the best chance to succeed. For example, The confirmation signals give you an early bias, if it turns out that volume is being more favored in the opposite side of the trade, the indicator acknowledges this and flips the direction of the trade to get you in the positive. These are marked by the Scalp Signals. Those scalp signals have no TP unlike the confirmation ones are used to understand short-term price movement in the market.
More features to come...
10Y - 2Y Spread (Farbig)10Y – 2Y Yield Spread (Color-Coded)
Description:
This indicator plots the yield spread between the US 10-Year and 2-Year Treasury yields (US10Y – US02Y) as a color-coded line:
Green = normal yield curve (positive spread)
Red = inverted yield curve (negative spread), often seen as a leading recession signal
A horizontal zero line is added to highlight turning points.
This indicator is ideal for tracking macroeconomic yield curve behavior and can be used alongside equity, crypto, or commodity charts.
StockLeave PullbackThe indicator is made to locate pullbacks that occur in response to momentum moves. It shows potential pullback setups based on envelopes, mean spread conditions and price structure. It provides a reference for discretionary interpretation, not a replacement for it.
Momentum Condition
When price remains inside the envelope, it is considered normal behavior based on recent conditions. When price touches or exceeds the outer envelope, constructed from the mean ± ATR multiplier, it could indicate directional pressure. This suggests that price is moving with enough force to exceed its recent average range, which could correspond to meaningful momentum.
Blue colors show upward momentum
Red colors show downward momentum
This marks a momentum move that could be of interest if a pullback develops.
Pullback Condition
After a momentum move has been identified, the indicator monitors for one of two standardized pullback conditions:
A reversion to the mean zone, low threshold ATR around the mean value
A zero-line spread convergence, where the difference between two MA’s contracts near zero
When either condition is met following a prior momentum move, a triangle is plotted on the chart to indicate that a pullback has occurred. This is limited to one signal per condition for each momentum move.
Applied Discretion
These visual cues do not imply that an entry should be taken; they simply indicate that a pullback location has been reached in response to a momentum move. Manual evaluation is still required to determine whether the setup aligns with structure and context:
Whether the trend structure remains intact
Whether the pullback is controlled
Whether the trade aligns with the broader context
If these conditions are met, entries can be made based on a preferred execution pattern, such as a break above or below the prior bar.
Trend Reversal
This indicator is made to locate pullbacks in response to a momentum move. It does not aim to capture a trend reversal phase, as those moves often require further price movement before structure can be confirmed. For this reason, there will be no plots in the earlier phase since price will not exceed the envelope.
The better approach for those scenarios is to observe price action in combination with the Momentum H/L indicator , which measures changes in momentum and highlights extremes that could lead to initiation or exhaustion.
Settings Overview
Pullback Mode
None: No triangles plotted (default)
Mean Zone: Triangle when price pulls back into the mean zone
Zero Line: Triangle when moving average spread contracts near zero
Dual: Plots one triangle per momentum move, based on the first condition met
Show Envelope: Toggle envelope visibility
Show Mean Zone: Toggle mean zone visibility
Bar Colors: Set colors for bars during momentum moves
Regime Scope | mad_tiger_slayerRegimeScope by mad_tiger_slayer
Adapt to the Market’s Mood. Trade in Sync with Regime Scope.
Overview
Regime Scope is an advanced multi-factor market regime identifier meticulously engineered to determine whether an asset is exhibiting trending behavior (Markup/Markdown phases) or mean-reverting dynamics (Sideways - Accumulation/Distribution). By integrating and synthesizing outputs from nine rigorously chosen statistical and volatility-based models, this tool offers a unified framework for assessing regime conditions with precision.
This indicator is best used in conjunction with other tools in your trading arsenal—serving not as a standalone signal generator, but as a high-value filter for confluence and strategic alignment. Whether you're trading breakouts, reversals, or mean-reversion setups, Regime Scope can elevate your system’s contextual awareness and execution timing.
How It Works – Part 1
Regime Scope calculates a composite "regime score" by normalizing and averaging a range of volatility and statistical measures. This score, which ranges between -1 and +1, indicates the likelihood of the market being in a trending versus mean-reverting state.
Values near +1 suggest a strong trending environment.
Values near -1 suggest strong mean-reversion (sideways, volatile) conditions.
Values between -0.30 and +0.30 are considered neutral and indicate choppy or range-bound market behavior.
When the average regime score crosses above the upper threshold, the asset likely enters a trending state.
When it crosses below the lower threshold, the market likely shifts to a volatile, mean-reverting state.
The histogram and dynamic background color provide an intuitive visual guide to the current regime.
How It Works – Part 2: Components
Each of the following sub-models has been carefully selected for its contribution to understanding price behavior. All components are normalized to create a consistent, unified score:
Phillips-Perron Test: Detects the presence of a unit root to infer stationarity and mean-reverting characteristics.
Hurst Exponent: Measures long-term memory in a time series to identify persistence or anti-persistence.
KPSS Test: Tests for level stationarity to contrast against unit-root behavior and validate trending assumptions.
GARCH Volatility: Captures volatility clustering and regime shifts in conditional variance.
Wavelet Transform: Decomposes price action into time-frequency space to extract non-linear and localized dynamics.
Half-Life of Mean Reversion: Estimates the speed at which price returns to its mean, enhancing the timing of reversion plays.
Augmented Dickey-Fuller (ADF) Test: Statistically verifies whether a series exhibits mean-reverting tendencies.
Garman-Klass-Yang-Zhang Volatility: A robust historical volatility measure using open-high-low-close data.
ADX (Average Directional Index): A classic technical tool for quantifying the strength of trend directionality.
How It Works – Part 3: Output Interpretation
All sub-models are normalized and synthesized into a single histogram plot shown in the lower chart panel.
+1.0 to +0.30: Indicates high probability of a directional, trending market.
-1.0 to -0.30: Indicates high probability of a sideways, mean-reverting regime.
-0.30 to +0.30: Suggests a neutral, uncertain market condition.
Transitions above or below these thresholds signal regime shifts.
Background shading adapts in real-time to visually reflect regime classification.
Features
Customizable thresholds to fine-tune sensitivity for regime classification.
Visual overlay positioning (choose from top-left, bottom-right, etc.).
Toggleable reference lines for regime thresholds.
Cross-timeframe consistency through dynamic normalization.
Each sub-model includes adjustable settings for personalized optimization.
Use Cases
Dynamically switch between trend-following and mean-reversion strategies.
Filter out choppy, low-probability zones by avoiding neutral regime periods.
Use regime score as confluence with entry/exit signals from other indicators.
Adapt strategies across timeframes—works well from scalping to swing trading.
Best used on timeframes ≥12H for macro regime context, but scalpers can benefit by using it on shorter windows with tuned parameters.
Scalping Use Case
Overlay the regime score on low timeframes (e.g., 1m–15m) and use it to avoid high chop zones or confirm breakout volume spikes during trending periods.
Long-Term Use Case
On 1D–1W charts, Regime Scope can filter false breakouts and confirm macro trend alignment for position trades or swing setups.
Tip
Combine Regime Scope with traditional technical tools like RSI, MACD, Bollinger Bands, or moving average crossovers to enhance strategic coherence.
For example, only act on breakout or trend-following signals when the regime score exceeds the upper threshold, confirming a high-trend environment.
Conversely, mean-reversion strategies like fading RSI extremes or trading Bollinger Band bounces work best when the regime score is in the lower range.
Aligning your tactical entries with the broader regime can significantly reduce false signals, enhance trade probability, and improve overall system robustness.
G2 Money Supply (USD) - 10 Week Lead (Stocks & BTC)This script plots the G2 Money Supply (USD) with a 10-week leading offset, helping traders visualize global liquidity trends ahead of time. It aggregates M2 money supply from the US, Eurozone, China, Japan, and the UK, and converts them into USD using real-time FX rates.
Two leading views are provided:
50-bar offset (Blue Line): For use with traditional markets like stocks, indices, and Forex (5 trading days/week).
70-bar offset (Orange Line): For Crypto assets like Bitcoin, which trade 7 days/week.
This tool is ideal for macro-focused traders and investors who want to track the impact of global liquidity on risk assets like BTC, SPX, or QQQ. Use it to anticipate major market shifts tied to central bank policy, QE, or tightening cycles.
ETH Z-Pulse | QuantumResearchETH Z-Pulse | QuantumResearch
📉 Ethereum On-Chain Z-Score Composite for Trend Detection
ETH Z-Pulse is a custom on-chain valuation indicator developed by QuantumResearch, designed to identify key trend shifts in Ethereum based on three powerful on-chain metrics: NUPL, SOPR, and MVRV. It computes a composite Z-Score signal to detect statistically significant bullish or bearish phases in the market.
🔍 Core Components:
📈 NUPL Z-Score — Measures Unrealized Profit/Loss using Glassnode’s Market Cap vs. Realized Cap
📊 SOPR Z-Score — Spent Output Profit Ratio smoothed with an EMA filter
📉 MVRV Z-Score — Market Value to Realized Value comparison for Ethereum
The result is a single composite oscillator (On_chainz) that dynamically signals trend strength and valuation extremes.
⚙️ Signal Logic:
Bullish (Long Bias): When the composite Z-Score > +0.83
Bearish (Short Bias): When the Z-Score < -0.58
Neutral Zone: Values between thresholds (continuous signal)
Color-coded plots and chart bars visually highlight trend shifts and help distinguish accumulation vs. distribution phases.
🧠 Use Case:
Ideal for:
Long-term investors looking to assess ETH valuation cycles
Swing traders seeking macro trend confirmation
Analysts comparing on-chain signals with technical setups
📌 Technical Notes:
Requires on-chain data feeds from Glassnode and CoinMetrics
Designed specifically for Ethereum (ETH) on daily timeframe
Customizable Z-Score lengths for fine-tuning
Non-overlay indicator
⚠️ Disclaimer:
This tool is for educational and research purposes only.
Past performance is not indicative of future results.
On-chain metrics are probabilistic, not predictive. Always combine with other forms of analysis and risk management.
Not financial advice.
AQPRO Pattern Map
📝 INTRODUCTION
AQPRO Pattern Map is a comprehensive trading tool designed to automate the detection of 27 most popular candlestick patterns across any financial asset, making it a powerful tool for traders who use strategies, which are based on candlestick patterns.
This indicator not only identifies candlestick patterns but also incorporates multi-timeframe (MTF) analysis , risk management tools like Take-Profit (TP) and Stop-Loss (SL) , and labeled visual cues for effortless chart reading. Below is the complete list of patterns it supports:
📜 Patterns scanned by the indicator:
One-candle patterns:
Hammer;
Shooting Star;
Marubozu (Bullish/Bearish);
Doji.
Two-candle patterns:
Belt Hold (Bullish/Bearish);
Engulfing (Bullish/Bearish);
Harami (Bullish/Bearish);
Harami Cross (Bullish/Bearish);
Kicker (Bullish/Bearish);
Window (Rising/Falling Gap);
Piercing Line / Dark Cloud Cover.
Three-candle patterns:
Outside Up / Down Bar;
Inside Up / Down Bar;
Morning Star / Evening Star;
Three White Soldiers / Three Black Crows;
Advance Block / Descent Block;
Tasuki Gap (Upside/Downside);
Side-by-Side White Lines.
Multi-candle patterns:
Rising One / Falling One;
Rising Two / Falling Two;
Rising Three / Falling Three;
Rising Four / Falling Four;
Rising Five / Falling Five;
Breakaway Two / Three / Four / Five (Bullish/Bearish);
Fakey (Bullish/Bearish).
With this tool, traders can visually and systematically track key candlestick setups across multiple timeframes simultaneously, making it an all-in-one solution for identifying actionable patterns.
🎯 PURPOSE OF USAGE
The primary goal of the "AQPRO Pattern Map" is to equip traders with a highly efficient way of identifying significant candlestick patterns across different timeframes, making the decision-making process stronger in a sense of both quality and quantity of presented information.
Specifically, this indicator addresses the following needs:
Automation of pattern detection.
Nobody likes searching for patterns on the chart "by hand", because it takes too much time and mental energy. With this screener you can forget about this problem: automatic scanning for 27 of the most commonly used patterns will save your tens, if not hundreds of hours of time, so you can focus on what really matters;
Multi-timeframe (MTF) analysis.
This one is one of the most unique features of this indicator, because after conducting product research in library of open-source scripts alike this screener, almost none of reviewed indicators had MTF analysis feature embedded in them. This feature is important for the simplest of reasons: you see candlestick data from other timeframes without jumping from one timeframe to another . Needless to say how much time it will save for traders over the years of trading. See description below to learn more on exact functionality of our MTF analysis;
Risk management automation.
Humans tend to overestimate risk, when matters are about earning money from "financially-dangerous" activities and trading is no exception. To help traders better understand what they risk, we implemented a simple, yet effective way of displaying levels of risk for each pattern. For each new pattern on the chart you will be able see automatic creation of Take-Profit (TP) and Stop-Loss (SL) levels. It involves creation and displaying of lines and labels, representing each level at its exact coordinates. This elevates visual perception of risk for fellow traders and avoid excessive risk in many cases;
Simplicity in data visualization.
Charts, which are cluttered with pointless visual noise, presented as 'additional confirmation analysis', don't foster insights and are not worth a dime . We understand this issue very well and we designed our indicator with the solution to this problem in mind. Every bit of information, that you will see on your chart, will make sense both technically and visually — no more wasting time cleaning mess on your charts.
By addressing the needs, described above, this indicator will be a useful tool for any trader, who employs principles of candlestick pattern analysis, because most important pains of this kind of analysis are efficiently handled by our indicator.
⚙️ SETTINGS OVERVIEW
Customization options of our indicator are quite extensive, because flexibility in such indicator is in the top of most important qualities. Let's review each group of settings deeper:
📊 Patterns: One-Candle
This group allows you to enable or disable specific onep -candle candlestick patterns.
Toggle on/off switch for Hammer, Shooting Star, Marubozu, and Doji .
📊 Patterns: Two-Candle
This group allows you to enable or disable specific two -candle candlestick patterns.
Toggle on/off switch for Belt Hold, Engulfing, Harami & Harami Cross, Kicker, Window, Piercing Line & Dark Cloud Cover .
📊 Patterns: Three-Candle
This group allows you to enable or disable specific three -candle candlestick patterns.
Toggle on/off switch for Morning Star & Evening Star, Three White Soldiers, Three Black Crows, Advance Block & Descent Block, Tasuki Gap, Side-by-Side Gap (Bullish), Squeeze .
📊 Patterns: Multi-Candle
This group allows you to enable or disable specific multi -candle (3 or more candle) candlestick patterns.
Toggle on/off switch for Rising/Falling sequences, Breakaway patterns, and Fakey .
📊 MTF Settings
These settings allow you to use the Multi-Timeframe Screener to display patterns from additional timeframes.
"Use MTF Screener" — toggles the addition of MTF Screener to main dashboard ( described in 'Visual Settings' ). If enabled, adds section of MTF Screener below main dashboard
* List of four timeframes — your personal list to choose your timeframe, which will be used to get data about latest patterns. Default list of timeframes includes timeframes like 15min, 30min 1hr, 4hr .
* The detected patterns from these timeframes will be displayed in the MTF Dashboard on the chart.
🛡️ Risk Settings
As was described above, risk settings in our indicator will control appearance of TP and SL labels and lines, which appear for each new trade. Here you can customize the most essential parameters.
"Show TP/SL" — toggles the visibility of Take-Profit (TP) and Stop-Loss (SL) values for the most recent pattern.
"Risk-to-Reward Ratio (R:R)" — defines your desired risk/reward ratio for the TP and SL calculations. The more this parameter is, the further the TP from entry level will be.
🎨 Visual Settings
In this group of settings you can fine-tune the visual appearance of the indicator to fit your preferences.
IMPORTANT: colour parameters from this group of settings affect ONLY colours in the dashboard.
"Use info dashboard" — if enabled, shows dashboard in the top right corner of the chart, which displays latest pattern's TP and SL alongside with this pattern's trade status: '⏳' - TP or SL have not been reached yet, '✋' - TP or SL have already been reached already, refrain from taking the trade.
"Bullish Pattern" — defines the color for bullish patterns.
"Bearish Pattern" — defines the color for bearish patterns.
"Neutral Pattern" — specify the color for neutral patterns like Doji.
"Frame Width" — adjusts the thickness of frames highlighting detected patterns on the chart.
📈 APPLICATION GUIDE
The way of application of this indicator is pretty straightforward, because trading methodologies based on candlestick patterns were developed decades ago and haven't changed much since then. However, we find it necessary to explain the most essential ways of application in this section.
Let's start with the basics — how you will your chart look when you load the indicator for the first time:
By default we have 5 main visual data "blocks":
Bullish patterns;
Bearish patterns;
Risk visualization;
Main Dashboard;
MTF Screener.
Let's review each of these groups one by one.
BULLISH & BEARISH PATTERNS
Patterns are displayed as up/down labels, which are styled in corresponding to trend colours. Each patterns has its own unique emoji to help traders easily navigate between patterns.
Also by default each pattern has its custom frame, inside of which resides candle (or multiple candles) of the pattern iself. These frames are made with purpose to show each pattern in a very clear way on the chart, because huge number of public scripts usually only show simple label of such patterns and don't highlight the pattern itself on the chart. To remove frames you can set "Frame Width" parameter to 0 in 'Visual Settings' group in the settings.
You can see the examples of frame on the screenshot below:
RISK VISUALIZATION (TP & SL)
Displaying Take-Profits and Stop-Losses in our indicator on the chart works quite simple: for each new trade indicator creates new pairs of lines and labels for TP and SL, while lines & labels from previous trade are erased for aesthetics purposes. Each label shows price coordinates, so that each trader would be able to grap the numbers in seconds.
See the visual showcase of TP & SL visualization on the screenshot below:
Also, whenever TP or SL of the current trade is reached, drawing of both TP and SL stops . When the TP is reached, additional '✅' emoji on the TP price is shown as confirmation of Take-Profit.
However, while TP or SL has not been reached, TP&SL labels and lines will be prolonged until one of them will be reached or new signals will come.
See the visual showcase of TP & SL stopping being visualized & TP on the screenshot below:
MAIN DASHBOARD
Main dashboard is displayed in the top right corner of the chart and it shows the data of latest pattern, that occurred on the current asset and current timeframe: pattern's name, TP, SL and trade status. Depending on bullishness or bearishness of the pattern, dashboard is colour in respective colour.
Also on the right of side TP and SL data block there is a so called trade status. It is basically an indication of wether or not latest pattern's trade is still active or not:
If TP or SL of the pattern have not been reached yet, trade is considered active and is marked with '⏳' emoji;
If TP or SL of the pattern have already been reached, trade is considered inactive and is marked with '✋' emoji.
See the visual showcase of dashboard on the screenshot below:
MTF Screener
MTF Screener is displayed right below the main dashboard and its has distinctive 'MTF Patterns' header row on the top, painted in gray colour to make sure that every traders understand he is looking at.
This screener shows the timeframe and name of patterns from four other timeframes, which trader can customize in the settings to his liking. This will help trader get more insights on global sentiment of other timeframes, which improves trading results overall if applied correctly.
In the future MTF Screener will be expanded to have more data in it, like TP and SL, age of pattern and etc.
See the visual showcase of the MTF Screener on the screenshot below:
Features, explained above, make this indicator quite versatile and suitable for incorporation in any trading strategy, which uses candlestick patterns. They are simple, yet insightful, and traders, which use similar strategies everyday, will truly appreciate the benefits of this indicator when they will set up this indicator for the first time on their chart.
🔔 ALERTS
This indicator employs alerts for an event when new pattern occurs. While creating the alert below 'Condition' field choose 'any alert() function call' .
When this alert is triggered, it will generate this kind of message:
string msg_template = "EXCHANGE:ASSET, TIMEFRAME: BULLISH_OR_BEARISH pattern PATTERN_NAME was found."
string msg_example = "BINANCE:BTCUSDT, 15m: bullish pattern 'Hammer' was found."
📌 NOTES
This indicator is most effective when used in combination with other technical analysis tools such as trendlines, moving averages, support/resistance levels or any other indicator-type tool. We strongly recommend using this indicator as confirmation indicator for your main trading strategy, not as primary source of signals;
If you want to trade directly by these patterns, make sure to use proper risk management techniques of your own and use TP&SL visualization on the chart to always have a clue about your current position;
If you lost track of visual components on the chart, look at the main dashboard to see text summary of data from latest pattern. Also don't forget to look at MTF Screener to have more context about MTF sentiment, because it is increases your understandings of MTF price trend and improves your decision-making process.
🏁 AFTERWORD
AQPRO Pattern Map was built to help traders automate candlestick pattern searching routine, improve chart readability and enhance perception of current potential risks, which may come from trading from a specific pattern. Indicator's main dashboard and MTF screener eliminate the need for constantly checking other timeframe for global sentiment, helping traders save even more time and fostering improved decision making.
This indicator will work in great conjunction with any other trading strategy as confirmation tool for entry decision. Using this indicator as primary source of signals is not recommended due to unstable nature of trading patterns.
ℹ️ If you have questions about this or any other our indicator, please leave it in the comments.
NeuroFlow Pro IndicatorThe **NeuroFlow Pro Indicator** is a comprehensive technical analysis tool designed for traders on the TradingView platform. It provides actionable buy and sell signals by combining multiple technical indicators, including Moving Averages, MACD, RSI, Stochastic RSI, SuperTrend, Ichimoku Cloud, Bollinger Bands, and Volume analysis. The indicator generates a **Composite Score** (0–100) that reflects market conditions, with low scores indicating bullish opportunities and high scores suggesting bearish conditions. It also identifies key trend reversal points and significant EMA crossovers (Golden Cross and Death Cross) to help traders make informed decisions.
**Key Features**:
- **Composite Score**: Aggregates signals from multiple indicators to provide a single, easy-to-read metric.
- **Buy/Sell Signals**: Generates clear signals for potential long (buy) and short (sell) opportunities.
- **Golden/Death Cross**: Marks EMA 50 crossing above (🚀) or below (💀) EMA 200, indicating major trend shifts.
- **Dashboard**: Displays real-time metrics like trend direction, momentum, volume, and signal confidence.
- **Customizable Alerts**: Notifies users of buy/sell signals, divergences, and EMA crossovers via TradingView’s alert system.
- **Multi-Timeframe Analysis**: Incorporates higher timeframe trends for enhanced signal reliability.
- **Candlestick Patterns**: Optionally includes patterns like Hammer, Engulfing, or Morning Star for signal confirmation.
This indicator is ideal for traders seeking a robust, all-in-one tool to identify trading opportunities across various markets (e.g., crypto, stocks, forex) and timeframes (e.g., 1H, 4H, daily).
User Guide for NeuroFlow Pro Indicator
Understanding the Indicator
- **Dashboard**:
- Located on the chart (left or right, configurable), it shows real-time metrics:
- **Comp Score**: Composite Score (0–100); low (<30) is bullish, high (>70) is bearish.
- **Trend**: Bullish, Bearish, or Neutral
- **MTF Trend**: Trend from a higher timeframe (e.g., 60m or 240m).
- **Momentum**: RSI and Stochastic RSI-based momentum (Bullish, Bearish, Neutral).
- **MFI**: Money Flow Index (Inflow, Outflow, Neutral).
- **Volatility**: High or Low based on ATR and Bollinger Bands.
- **Volume**: High, Low, or Neutral relative to volume MA.
- **Ichimoku**: Bullish, Bearish, or Neutral based on cloud position.
- **ADX Strength**: Strong or Weak trend based on ADX.
- **Divergence**: Bullish, Bearish, or Neutral for RSI/MACD divergences.
- **Reversal**: Bullish or Bearish reversal potential with confidence percentage.
- **Signal Status**: Long (buy), Short (sell), or None.
- **Signal Confid**: Confidence percentage for the current signal.
- **Chart Visuals**:
- **EMA 50 (White)**: Fast-moving average for short-term trends.
- **EMA 200 (Blue)**: Long-moving average for long-term trends.
- **Golden Cross (🚀)**: Green rocket emoji when EMA 50 crosses above EMA 200 (bullish).
- **Death Cross (💀)**: Red skull emoji when EMA 50 crosses below EMA 200 (bearish).
- **Alerts**:
- Configurable for Buy/Sell Signals, Golden/Death Cross, and Bullish/Bearish Divergences.
Configuring Settings
1. **Open Settings**:
- Right-click the indicator’s name on the chart and select “Settings,” or double-click the indicator in the chart’s indicator list.
2. **Key Settings to Customize**:
- **Strategy Settings**:
- **Max ATR Multiplier**: Adjusts sensitivity to volatility (default: 3.0).
- **Main Settings**:
- **Candlestick Pattern**: Choose Hammer, Engulfing, Morning Star, or Custom (default: Hammer).
- **Multi-Timeframe Period**: Set higher timeframe for trend analysis (e.g., 60m, 240m, Daily; default: 60m).
- **Higher Timeframe**: Secondary timeframe for confirmation (default: 240m).
- **Use Candlestick Patterns**: Enable/disable pattern-based signals (default: off).
- **Use Volume Filter**: Require high volume for signals (default: on).
- **Use ADX Filter**: Require strong trend for signals (default: on).
- **Momentum Settings**:
- **RSI/Stochastic/MFI Lengths**: Adjust periods for RSI, Stochastic RSI, and MFI (defaults: 14, 14, 60).
- **EMA Lengths**: Fast (50), Slow (100), Long (200) for trend and crossovers.
- **ATR/ADX Lengths**: Volatility and trend strength periods (default: 14).
- **SuperTrend/Bollinger/Ichimoku Settings**:
- Customize periods and multipliers (defaults: SuperTrend 10/3.0, Bollinger 20/2.0, Ichimoku 9/26/52).
- **MACD Settings**:
- **MACD Preset**: Auto (timeframe-based), 1H (3-10-16), 4H (5-34-21), D (5-15-9), or Custom (default: Auto).
- **Custom MACD Lengths**: Fast (12), Slow (26), Signal (9) for Custom preset.
- **Weights Settings**:
- Adjust weights for trend, momentum, volatility, etc., to prioritize certain indicators (defaults: Trend 1.0, Momentum 0.3, etc.).
- **Threshold Settings**:
- **Bullish/Bearish Reversal Thresholds**: Set score thresholds for reversals (default: 30/70).
- **ADX Threshold**: Minimum ADX for trend strength (default: 20).
- **Signal Thresholds**: Base (70) and alert (80) thresholds for signals.
- **Dashboard Settings**:
- **Position**: Left or Right (default: Right).
- **Show/Hide Metrics**: Enable/disable dashboard rows (e.g., Comp Score, Trend, MFI; all enabled by default except Volatility and Volume MA).
3. **Save Changes**:
- Click “OK” to apply settings. The dashboard and plots update instantly.
Using the Indicator
1. **Interpreting Signals**:
- **Buy Signal (Long)**: Appears when Composite Score is low (≤30), with at least two bullish confirmations . Shown as “Long” in Signal Status with confidence percentage.
- **Sell Signal (Short)**: Appears when Composite Score is high (≥70), with at least two bearish confirmations. Shown as “Short” in Signal Status.
- **Golden Cross (🚀)**: Indicates a bullish trend when EMA 50 crosses above EMA 200. Look for confirmation from Composite Score and Signal Status.
- **Death Cross (💀)**: Indicates a bearish trend when EMA 50 crosses below EMA 200. Confirm with dashboard metrics.
- **Reversal Signals**: Dashboard shows “Bullish” or “Bearish” with a percentage when reversal conditions are met .
2. **Monitoring the Dashboard**:
- Use the dashboard to assess market conditions in real-time.
- Green (bullish), red (bearish), or gray (neutral) colors highlight key metrics.
- Check “Signal Confid” for confidence in buy/sell signals (higher is better, e.g., >60%).
3. **Trading Decisions**:
- Combine signals with your own analysis (e.g., support/resistance, news).
- Use Golden/Death Cross for long-term trend confirmation.
- Avoid trading in high volatility (dashboard: “Volatility: High”) unless experienced
Best Practices
- **Timeframe Selection**:
- Use higher timeframes (e.g., 4H, Daily) for more reliable signals, especially for Golden/Death Cross.
- Lower timeframes (e.g., 5m, 15m) may produce more signals but with higher noise.
- **Confirm Signals**:
- Cross-check buy/sell signals with dashboard metrics (e.g., Trend, MFI, ADX).
- Use Golden/Death Cross as a trend filter rather than a standalone signal.
- **Risk Management**:
- Always use stop-losses and position sizing based on your risk tolerance.
- Avoid trading during high volatility unless part of your strategy.
- **Regular Updates**:
- Monitor TradingView for script updates from the author (KoKalito) to access new features or bug fixes.
Troubleshooting
- **No Signals**:
- Ensure the chart timeframe matches your settings (e.g., 60m for MTF Period).
- Check if filters (Volume, ADX) are too strict; try disabling them.
- **Dashboard Missing**:
- Verify “Dashboard Position” is set to Left or Right.
- Ensure dashboard metrics are enabled (e.g., Show Comp Score).
- **Alerts Not Triggering**:
- Confirm the alert condition is set to “NeuroFlow Pro Indicator” and the correct option (e.g., “Golden Cross Alert”).
- Check TradingView’s “Alerts” panel for errors or expired alerts.
- Reapply the indicator to the chart if it was recently updated.
- **EMA Crosses Not Showing**:
- Zoom in on the chart to see 🚀 (Golden Cross) or 💀 (Death Cross) symbols.
- Ensure EMA 50 and EMA 200 lengths are not identical (defaults: 50, 200).
Support
- **Author**: KoKalito (check TradingView profile for updates or contact info).
- **TradingView Community**: Post questions in the TradingView Pine Script community or forums.
- **Documentation**: Refer to TradingView’s Pine Script v5 documentation for advanced customization.
- **Risk Warning**: Trading involves risk. Use the indicator as a tool, not a guarantee of profits. Always conduct your own analysis and manage risk appropriately.
Happy trading with **NeuroFlow Pro Indicator**! 🚀
AQPRO Block Force
📝 INTRODUCTION
AQPRO Block Force is a powerful trading tool designed to identify and track Orderblocks (OBs) in real-time based on Fair Value Gap (FVG) principles. This indicator employs quite strict yet effective FVG filtering criteria to ensure only significant OBs are displayed, avoiding minor inefficiencies or duplicates within the same impulse or corrective moves. Each OB adapts dynamically to price action and can be categorized as Classic, Strong, or Extreme, based on proprietary conditions and best ideas from SMC (Smart Money Concepts).
In addition to plotting Orderblocks, the indicator offers useful filtering systems like an Age Filter to ensure cleanliness of the OB data on the chart and prevent old, irrelevant OBs from obstructing the chart. Users can also enable MTF (Multi-Timeframe) functionality to view OBs from other timeframes, providing a comprehensive analysis across multiple levels of market structure. With extensive customization options, AQPRO Block Force allows traders to tailor the visuals and behavior to fit their specific trading preferences.
This indicator does not parse any instituotinal data, order books and other fancy financial sources for finding order blocks nor it uses them for confirmation purposes. Calculations algorithms of order blocks are based purely on current asset's price history.
IMPORTANT NOTE: in the sections below term 'quality' will be applied to orderblocks quite a number of times. By 'quality' in the context of orderblocks we mean the reaction of price upon the sweep of orderblock. Basically, if the price reverses after reaching the orderblock, this orderblock is considered to be of high quality. Definition for low -quality orderblock can be deducted by analogy.
🎯 PURPOSE OF USAGE
This indicator serves one and only purpose — help traders identify most lucrative institutional orderblocks on the chart in real time. Even though event of price reaching an orderblock cannot be considered as a sole signal in many trading strategies without proper confirmation, such event nevertheless is quite important in SMC-based trading, because when price sweeps OB it usually means, that a reversal will soon follow, but, of course, this is not the case every time.
Traders should not expect from this indicator detection of perfect orderblocks, which would surely revese the price on encounter, but they can expect is a time-proven algorithm of determing orderblocks that on average produces more high-quality orderblocks than simple similar tools from open-source libraries.
More in-depth advices on the usage will be given in the sections below, but for now let's summarise subgoals of the indicator:
Detecting orderblocks filtered through strict FVG validation rules to improve overall quality of orderblocks;
Classifying orderblocks as Classic, Strong, or Extreme based on wether or not classic orderblocks pass filtering conditions, which are based on crossing critical price levels and SMC principles like ChoCh (Change of Character);
Eliminating clutter and manage chart space with the Age Filter, removing old OBs outside a user-defined age range;
Utilizing MTF functionality to track significant OBs from other timeframes alongside current timeframe analysis;
Providing traders with customization options for indicator's visuals to help them organize information on the chart in a clean way.
⚙️ SETTINGS OVERVIEW
This indicator's customization options allow you to fully control its functionality and visuals. Below is a breakdown of the settings grouped by the exact setting sections and parameters from the indicator:
🔑 Main Settings
Show OBs from current timeframe — toggles the display of OBs from the current timeframe on the chart;
Show classic OBs — enables or disables the display of Classic OBs;
Show strong OBs — enables or disables the display of Strong OBs, which meet the ChoCh-based filter criteria;
Show extreme OBs — enables or disables the display of Extreme OBs, which exceed proprietary price level risk thresholds.
⏳ Filter: Age
Use Age Filter — toggles the Age Filter, which removes old OBs based on their age;
Max Age — sets the maximum age of OBs to be displayed (in bars). OBs older than this value will be hidden;
Min Age — sets the minimum age of OBs to be displayed (in bars). OBs younger than this value will not be shown.
🌋 MTF Settings
Show MTF OBs — toggles the display of OBs from higher timeframes;
Timeframe — select the timeframe to use for MTF OB detection (e.g., 15m, 1h).
⏳ MTF / Filter: Age
Use Age Filter (MTF) — toggles the Age Filter for MTF OBs;
Max Age — sets the maximum age of MTF OBs to be displayed (in bars);
Min Age — sets the minimum age of MTF OBs to be displayed (in bars).
🎨 Visual Settings
Classic OB (Bullish) — sets the color for bullish Classic OBs;
Classic OB (Bearish) — sets the color for bearish Classic OBs;
Strong OB (Bullish) — sets the color for bullish Strong OBs;
Strong OB (Bearish) — sets the color for bearish Strong OBs;
Extreme OB (Bullish) — sets the color for bullish Extreme OBs;
Extreme OB (Bearish) — sets the color for bearish Extreme OBs.
📈 APPLICATION GUIDE
Application methodology of this indicator is pretty much the same as with any other indicator, whose purpose is to find and display orderblocks on the chart. However, before actually diving into the guide on application, we want to make a small step back to remind traders of the history of orderblocks as a concept, its limitations and benefits.
Orderblocks themselves are essentially just zones of potential institutional interest, which if reached are expected to reverse the price in the opposite direction. 'Potential' is a suitable remark for indicator's success probability, because, as was mentioned above, orderblocks don't guarantee price reversal regardless of quality of the indicator. This is the case for the simplest of reasons — orderblocks are based solely on price history and thus are to be considered a mathematical model , degree of success of which is never 100%, because all mathematical models abide by a "golden rule of trading" : past performance doesn't guarantee future results.
However, the extensive history of orderblocks clearly shows that this tool, despite being decades old, can still help traders produce market insights and improve any strategy's performance. Orderblocks can be used both as a primary source of signals and as confirmation tool, but from our experience they are better to be used as confirmation tool. Our indicator is not an exception in this matter and we advice any trader to use it mainly for confirmation purposes, because use-case of orderblocks as confirmation tools have much success stories on average than being used as primary signal source.
This being said, let's return to the application guide and start reviewing the indicator from the most basic step — how it will look like when you first load it on your chart:
This indicator consisis of 3 main logic blocks:
Orderblock evaluation;
MTF Orderblock evaluation;
Orderblock post-filtering.
The principles behind these logic blocks will be easy to understand for truly experiences traders, but we understand the need to explain them to a wider audience, so let's review each of these logic blocks below.
ORDERBLOCK EVALUATION
Principles behind our orderblock detection logic are as follows:
Find FVG (Fair Value Gap) .
Note: this indicator uses only three-candle FVGs and doesn't track FVGs with insidebars after third (farther) candle.
If you don't know what FVG means, we recommend researching this term in the Internet, but the basic explanation is this: FVG is the formation of candles, which are positioned in a way that there are an unclosed price area between 1st and 3rd candle.
Conditions:
bullish FVG = high of 3rd candle < low of 1st candle AND high of 3rd candle < close of 2nd candle AND high of 2nd candle < close of 1st candle AND low of 3rd candle < low of 2nd candle ;
bearish FVG = low of 3rd candle < high of 1st candle AND low of 3rd candle > close of 2nd candle AND low of 2nd candle > close of 1st candle AND high of 3rd candle > high of 2nd candle .
See visual showcase of valid & invalid bullish & bearish FVGs on the screenshot below:
As was shown on the screenshot above, the only correc t formation for FVGs are considered to be just like on pictures 1 and 2 (leftmost column of patterns) . Only these formations will take part in further determenings orderblocks.
Send FVGs through filtering conditions.
This is the truly important part. Without properly filtering FVGs we would get huge clusters of FVGs on the chart and they will not make sense to be reviewed, because there will be just too much of them and their quality will be very questionable .
Even though there is a quite number of ways to filter FVGs, we decided to go with the ones we deem actually useful. For this indicator we chose two methods, that work in tandem — 1) base candle's inside bar condition and 2) single appearance on current impulse/correction line. Let's review these conditions below and start with looking at the examples of them on the screenshot below:
Examples of 1st & 2nd conditions are displayed on the left and right charts respectively.
The filtering logic in 1st and 2nd is quite connected and further explanation should help you understand it just enough to start trading with our indicator.
Let's start with explaining the term 'base candle' and logic behind it. Base candle candle be explained quite shortly: it is the latest candle on the chart, whose high or low broke previous base candle's high or low respectively. The first candle in the time series of price data is by default considered the base candle. If any new candle after base candle doesn't overtake base candle's high or low (meaning, that this candle is inside the range of base candle), such candle is called an "inside bar" .
Inside bar's term is important to understand, because FVGs, which appear inside the inside bars are usually quite useless, because price doesn't react from them, so orderblocks with such FVGs are also of bad quality as well. Clear depiction of inside bar was provided in the screenshot of conditions above on the left chart, so we won't waste time making another example.
However, this is not it. Base candle, inside bars and a few other types of bars are all a part of SMC ideas and in the world of SMC there is a special term, that hold the most important place and is considered the cornerstone of SMC methodology — impulse/correction lines (valid pullbacks) . The average definition of impulse/correction lines is quite hard to understand for an average trader, but we can summarise like this:
Impulse/correction line is a line, that starts at the beginning of the sequence of base candles, each new candle of which consistently updates previous base candle's respective high/low.
We won't go into description of this principle because it is outside of scope of this indicator, but you can research this topic in the Internet by keywords ' impulse correction trading ' or 'valid pullback principles trading '. The general idea of usage of impulse/correction lines in the context of this indicator is that each such lines 'holds' inside at least one FVG and we need to find exactly the first FVG, while leaving all other FVGs behind, because they to be of worse quality on average.
Basically, by using translating these terms into conditions from example above, we have achieved a simple yet powerful filtering system. system for FVGs, which allows us to work with orderblocks of much higher quality than average open-source indicators.
If FVG passed filters, evaluate its OB.
When FVG is confirmed, we can start the evaluation of its orderblock. The evaluation of orderblocks consists of several checkpoints: 1) is orderblock beyond current ChoCh* AND/OR 2) is orderblock from extreme price levels, calculated by our proprietary risk system. Let's review these checkpoints below.
* ChoCh (Change of Character, fundamental SMC idea) — price level, which if broken by close of price can potentially cause a revesal of the trend to direction opposite to the the previous one. To learn more about ChoCh please research the term on the Internet, because this indicator uses its standard definition and explaining of this term goes beyond the scope of this indicator.
To determine if orderblock is beyond current ChoCh levels, we need to first determine where these levels are on the chart. ChoCh levels of this indicator are calculated with a very lite approach, which is based on pivot points.
You can see basic demonstration of ChoCh levels in action on the screenshot below:
IMPORTANT NOTE: pivot period for pivots points inside our indicator is by default equal to 5 and cannot be changed in settings at the moment of publication.
On the screenshot above you can clearly see that ChoCh levels are essentially highest/lowest pivot point levels in between certain range of bars, where price doesn't update its extremum. You can see on there screenshot a new type of line — BoS (Break of Structure). BoS is almost the same thing as ChoCh, but with one change: it is a confirmation of price updating its extremum in the same direction as it was before, while ChoCh updates price extremum in the direction opposite to which it was before .
Why do these levels matter when evaluating the orderblocks? Orderblocks, which are located beyond current BoS/ChoCh levels, are of much higher quality on average than average orderblocks and they are called Strong Orderblocks .
On the chart such orderblocks are marked with 'Strong OB' label inside the body of an orderblock.
You can see the examples of Strong OBs on the screenshot below:
That was the explanation of the 1st orderblock evaluation criteria. Now let's talk about the 2nd one.
Our 2nd evaluation criteria for orderblocks is a test on whether or price is behind specific price level, which is calculated by our proprietary risk system, which is based on fundamental of statistics, such as 'standard deviation' and etc.
This criteria allows us to catch orderblocks, which are located at quite extreme price levels, and mark them on trader's chart explicitly. Orderblocks, which are above our custom price levels, are called Extreme Orderblocks an are marked with 'Extreme OB' label inside orderblock's body.
You can see the example of Extreme OB on the screenshot below:
That was the explanation of the 2nd evaluation criteria of the orderblock.
If an orderblock doesn't pass any of these two criterias, it is considered a classic orderblock. These orderblock are most common ones and have the lowest success rate among other types of orderblocks, listed above. Such orderblocks are marked with 'OB' label inside the orderblock's body.
You can see the examples of classic OB on the screenshot below:
This is it for orderblock evaluation logic. After doing all these steps, all orderblocks that we found are collected and displayed on the chart with their bodies and label marks.
What happens after the detection of the orderblocks?
All active orderblocks are being tracked in real time and their statuses are being updated as well (Strong orderblock can become Extreme orderblock and vice versa) . By an active orderblock we mean an orderblock, which wasn't swept by price's high or low. Bodies of active orderblocks are prolonged to the next candle on each new candle.
If an orderblock was swept, indicator will stop prolonging this orderblock and will mark it as swept on the chart with almost hollow body and dashed border line of the orderblock's body. Also swept orderblocks lose their name label, so you won't see any text in the orderblock after it was swept, but you will see its colour.
You can see the example of an active & swept orderblocks on the screenshot below:
This functionality helps distinguish active orderblocks from swept ones (inactive) and make more informed decisions.
MTF OB EVALUATION
Principles of MTF OBs evaluation are exactly the same as they are for current timeframe's OBs.
MTF OBs are displayed on the chart in same way as other OBs, but with one little change: to the right side of MTF OB's status will be postfix of the timeframe, from which this OB came from. Timeframe for MTF OBs can be chosen by user in the settings of the indicator.
MTF OBs also preserve their statuses (Strong, Extreme and Classic) when displayed on the current timeframe, so you won't stack of mistakenly marked MTF OBs as Extreme just because they are far away from the price.
You can see the example of MTF OBs on the screenshot below:
Also MTF OBs when swept lose only their name label, but the timeframe postfix will still be there, so you could distinguish MTF OBs from OBs of the current timeframe.
See the example of swept MTF OBs below:
Overall MTF orderblocks is a very useful to get a sense of where the higher timeframe liquidity reside and then adjust your strategy accordingly. Taking your trades from the place of high liquidity, like orderblocks, doesn't guarantee certain solid price reaction, but it definitely provides a trader with much a greater change of 1) catching a decent price move 2) not losing money white trading against institutional players.
As was stated above, we recommend using this tool as a confirmation system for your main trading strategy, because its usage as primary source of signals in the long-run is not viable, judging from historical backtest results and general public opinions of traders.
ORDERBLOCK POST-FILTERING
To enhance filtering capabilities of this indicator even further, we decided to add two filters, which would help reduce the amount of bad and untradeable orderblocks. These two filters are 1) age filter and 2) cancellation filter. Let's review both of them below.
Talking about the age filter , this filter was designed to help get rid of old orderblocks, which clutter the chart with visual noise and make it harder to find valueable orderblocks. This filter has to parameters: min age and max age . What does age mean in the context of an orderblock? It is the distance between OB's left border's bar and current bar. If this distance is between min age and max age values, such orderblock is considered valid and age filter passes it for further evaluation, but this distance is too short or too long, age filter deletes this orderblock from the chart.
You can the example of an orderblock which didn't pass age filter requirements and was deleted from the chart on the screenshot below:
It is important to mention that the missing orderblock from the right chart will be appear on the chart right when its age will exceed min age parameter of age filter.
The principle of work for max age parameter can be deducted by analogy: if the orderblock's age in bigger than max age value of age filter, this orderblock will be deleted from the chart .
For MTF OBs we decided to their own age filter, so that it won't abide by current timeframe's restrictions, because MTF OBs are usually much older than OB from current timeframe, so they would deleted a lot of time before they even appear on the chart, if they would abide by the age filter of current timeframe.
Default parameters of age filter are "max age = 500" and "min age = 0" . "Min age = 0" means that there is restrictions on the minimum age of orderblocks and they will appear on the chart as soon as the indicator validates them.
That was the explanation of the age filter.
Talking about the cancellation filter , this filter was intended to spot orderblocks which were extremely untradable and visually alert traders about them on the chart. In this indicator this filter works like this: for each orderblock cancellation filter creates a special price level and checks if it was broken by the close of price.
This special price level consists of the farthest border. of the orderblock ( top border for bearish OBs and bottom border for bullish OBs) and a certain threshold, which is added to the farthest border. This threshold is based on the current ATR value of the asset. This filter helps detect the orderblocks which should not be considered for trading, because price has already went too far beyond the liquidity of this orderblock.
Orderblocks, which are spotted by this filter, are marked with '❌' emoji on the price history.
You can see the example of an orderblock which was spotted by the cancellation filter in the screenshot below:
This filter is applied to both current timeframe and MTF timeframe and is NOT configurable in the settings.
🔔 ALERTS
This indicator employs alerts for an event when new signal occurs on the current timeframe or on MTF timeframe. While creating the alert below 'Condition' field choose 'any alert() function call'.
When this alert is triggered, it will generate this kind of message:
// Alerts for current timeframe
string msg_template = "EXCHANGE:ASSET, TIMEFRAME: BULLISH_OR_BEARISH OB at SWEPT_OB_BORDER_PRICE was reached."
string msg_example = "BINANCE:BTCUSDT, 15m: bearish OB at 170000.00 was reached."
// Alerts for MTF timeframe
string msg_template_mtf = "EXCHANGE:ASSET, TIMEFRAME: BULLISH_OR_BEARISH MTF OB at SWEPT_OB_BORDER_PRICE was reached."
string msg_example_mtf = "BINANCE:BTCUSDT, 15m: bearish MTF OB at 170000.00 was reached."
📌 NOTES
These OBs work on any timeframe, but we would advise to to use on higher timeframes, starting from at least 15m, because liquidity from higher timeframe tends to be much valuable when deciding which orderblock to take for a trade;
Use these OBs as a confirmation tool for your main strategy and refrain from using them as primary signal source. Traders, which use SMC-based strategies, will benefit from these orderblocks the most;
We recommend trading only with Strong and Extreme orderblocks, because they are proved to be of much greater quality than classic orderblocks and they work quite well in mid-term and long-term trading strategies. Classic orderblocs can be used for short-term trading strategies, but even in this case these OBs cannot be blindly trusted;
We strongly advise against take for a trading orderblocks, which were spotted by cancellation filter, because they are considered to be voided of liquidity;
Don't forget that you can toggle different types of OBs, MTF settings and visual settings in the settings of the indicator and fine-tune them to your liking.
🏁 AFTERWORD
AQPRO Block Force is an indicator which designed with idea of helping trading save time on automatically detecting valuable orderblocks on the chart, evaluate their strength and filter out bad orderblocks. These employ the best principles of SMC, including FVGs, valid pullbacks and etc. FVGs play the key role in validating the existence of a particular orderblock and work in tandem with valid pullback to determine the maximum amount of true FVGs even in the most cluttered impulse/correction moves of the price. Our filters — Age Filter and Cancellation Filter — enhance the quality of the orderblocks by allowing only the newest and liquid orderblocks to appear on the chart. Additional MTF functionality allow trader to see orderblocks from other timeframe, which can be chosen in the settings, and get a sense of where the global liquidity resides. This indicator will be a useful confirmation tool to any trading strategy, but the SMC traders will surely get the most benefits out of it.
ℹ️ If you have questions about this or any other our indicator, please leave it in the comments.
OTZ NET COT Positions (dual modus)OTZ NET COT Positions (Dual Mode) is a powerful tool to visualize net positions of Commercials, Large Speculators, and Small Traders based on the Commitment of Traders (COT) data from the CFTC. It supports both standard futures and forex pairs using a differential approach (e.g., GBPJPY = GBP COT minus JPY COT).
Especially for Forex traders, this dual-mode mapping allows deeper insights. For example, in the GBPJPY pair, you can observe how positioning on the British Pound compares to the Japanese Yen – giving you an edge by evaluating the relative strength of one currency over another using institutional positioning.
A unique feature is the Tuesday-to-Tuesday comparison dots, ideal for analyzing weekly COT movements on daily charts. Since COT data reflects Tuesday positions, this allows a clean, consistent reference across weeks, enabling better momentum and trend analysis.
The indicator includes a clean legend, optional hiding of the current week's data until the market closes, and customizable color settings.
K3 - Quarterly Theory 90 Minute SSMTThe K3 indicator was designed to clearly identify the primary price levels (“PPLs”) associated with the 90 minute cycle sequential smart money technique (“90SSMT) which is a core concept of Quarterly Theory (“QT”). K3 is meant to be used primarily with the 5 minute timeframe. QT was originally created by Traderdaye. Traderdaye was inspired by the Inner Circle Trader. The 90SSMT PPLs identified by the K3 indicator are as follows:
Q1 low (grey line)
Q1 high (grey line)
Q1 equilibrium (dashed grey line)
Q2 low (pink line)
Q2 high (pink line)
Q2 equilibrium (dashed pink line)
Q3 low (light green line)
Q3 high (light green line)
Q3 equilibrium (dashed light green line)
Q4 low (light blue line)
Q4 high (light blue line)
Q4 equilibrium (dashed light blue line)
A 90SSMT is formed when the price of one asset takes a low or high while another asset that is normally correlated with the first asset fails to take the same low or high. 90SSMT is used with other QT core concepts such as precision swing point (“PSP”) and terminus price divergence (“TPD”) by QT traders to refine and execute trade setups. TPD is a concept originally created by Jacob Speculates. Equilibrium of a daily cycle may also be used to identify 90SSMT. However, the trader who developed this indicator is not sure that this concept has been publicly taught or endorsed in any way by Traderdaye or Jacob Speculates.
K2 - Quarterly Theory Daily SSMTThe K2 indicator was designed to clearly identify the primary price levels (“PPLs”) associated with the daily cycle sequential smart money technique (“DSSMT) which is a core concept of Quarterly Theory (“QT”). K2 is meant to be used primarily with the 15 minute timeframe. QT was originally created by Traderdaye. Traderdaye was inspired by the Inner Circle Trader. The DSSMT PPLs identified by the K2 indicator are as follows:
Q1 low (grey line)
Q1 high (grey line)
Q1 equilibrium (dashed grey line)
Q2 low (pink line)
Q2 high (pink line)
Q2 equilibrium (dashed pink line)
Q3 low (light green line)
Q3 high (light green line)
Q3 equilibrium (dashed light green line)
Q4 low (light blue line)
Q4 high (light blue line)
Q4 equilibrium (dashed light blue line)
A DSSMT is formed when the price of one asset takes a low or high while another asset that is normally correlated with the first asset fails to take the same low or high. DSSMT is used with other QT core concepts such as precision swing point (“PSP”) and terminus price divergence (“TPD”) by QT traders to refine and execute trade setups. TPD is a concept originally created by Jacob Speculates. Equilibrium of a daily cycle may also be used to identify DSSMT. However, the trader who developed this indicator is not sure that this concept has been publicly taught or endorsed in any way by Traderdaye or Jacob Speculates.
AQPRO ScalperX📝 INTRODUCTION
AQPRO ScalperX is a trading indicator designed for fast-paced, intraday trading. It uses Donchian channel breakouts, combined with a proprietary filtering system, to catch buy and sell opportunities as close to the beginning as possible without losing quality of the signals.
On top of core signals, ScalperX includes a real-time max profit tracker, a multi-timeframe (MTF) dashboard, support and resistance zones, and risk management visualization tools like automatic rendering of TP and SL lines. The indicator is fully customizable for both its visuals and functional settings.
🎯 PURPOSE OF USAGE
This indicator was initially designed with the idea of trying to make such a tool, that would be able to catch trend reversal in the most safe way. In this particular situation term 'safe way' is very abstract and it is up to interpretation, but we decided that our definition will be 'trading with price breakouts' , meaning that we would like to capitalize on price breaking its previous structure in the direction opposite to the previous one.
You can clearly see on the chart how buy and sell signals are going one after another on the screenshot below:
This ensures that we follow trend consistently and without missing out on potential profits. Just like they say: " let the winners run ".
Even though indicator with similar goals already exist in the open market, we believe that our proprietary algorithms and filters for determining price breakouts can make a big difference to traders, which employ similar strategies on daily basis, by helping them understand where are the potential high-quality breakouts might be. We haven't found indicator with exact same functionality as ours, which means that traders will be able to leverage an actually new tool to generate new price insights.
In short, main goals of this indicator are as follows:
Catching high-quality price breakouts, filtered to reduce the amount of choppy moves and false signals;
Tracking potential profits in real-time, directly on trader's chart;
Organizing data visualization of data pf latest signals from chosen asset from multiple timeframe in one dashboard;
Automated highlighting of key support and resistance zones on the chart, which serve as confirmation for main signals;
⚙️ SETTINGS OVERVIEW
Options for customization of this indicator are straightforward, but let's review them to make things certainly clear:
🔑 ScalperX / Main Settings
Range — defines the "wideness" of the breakout boxes. Higher values create wider breakout zones and impact breakout sensitivity;
Filter — adjusts the spacing between breakout boxes, determining the strictness of signal filtering. Higher values lead to more selective and rarer signals;
Show Max Profit — displays a real-time line and label that updates when a trade achieves a new peak profit, measured in ticks.
⏰ MTF Signal / Main Settings
Show MTF Signals — enables the generation of buy/sell signals from selected higher timeframes, displayed as labels on the current chart;
Timeframe — specifies the higher timeframe to use for MTF signal detection, such as 1 hour (1h) or 4 hours (4h).
🗂️ MTF Dashboard / Main Settings
Show MTF Dashboard — activates a dashboard that tracks entries, TP, SL, and overall trade bias for one selected symbol across four customizable timeframes;
* Dashboard position ( Vertical ) — adjusts whether the dashboard appears on the Top, Middle, or Bottom of the chart;
* Dashboard position ( Horizontal ) — aligns the dashboard Left, Center, or Right within the chart window;
* the name of the parameter is hidden in the settings
🗂️ MTF Dashboard / Ticker
Ticker to Track — Allows you to choose the specific ticker symbol (e.g., BINANCE:BTCUSDT) for MTF tracking.
🗂️ MTF Dashboard / Timeframes
* Timeframe 1 — set the first timeframe for multi-timeframe analysis (e.g., 15 minutes);
* Timeframe 2 — set the second timeframe for multi-timeframe analysis (e.g., 30 minutes);
* Timeframe 3 — set the third timeframe for multi-timeframe analysis (e.g., 1 hour);
* Timeframe 4 — set the fourth timeframe for multi-timeframe analysis (e.g., 4 hours).
* the name of the parameter is hidden in the settings
🛡️ Risk Management / Main Settings
Show TP&SL — displays dynamic lines and labels for the entry, Take Profit (TP), and Stop Loss (SL) of the most recent signal, updated in real-time until a new signal triggers;
Risk-to-Reward Ratio (R:R) — defines the ratio for TP and SL calculation to control your risk and reward on every trade.
📐 Support & Resistance / Main Settings
Show Support & Resistance Zones — enables dynamic zones based on pivot points, colored bullish or bearish based on price context;
History Lookback — defines the number of bars to consider when calculating support and resistance levels. Increasing this results in zones derived from longer-term price structures.
🎨 Visual Settings / ScalperX
Bullish Box — defines the color for bullish breakout boxes;
Bearish Box — defines the color for bearish breakout boxes;
Max Profit — sets the color for the max profit line on the chart.
🎨 Visual Settings / S&R
Support — defines color used for standard support zones;
Resistance — defines color used for standard resistance zones;
Strong Support — defines special color for zones classified as "strong support";
Strong Resistance — defines special color for zones classified as "strong resistance".
🎨 Visual Settings / MTF Dashboard
Bullish — sets the color for bullish trade states in the MTF dashboard;
Bearish — sets the color for bearish trade states in the MTF dashboard.
🔔 Alerts / Main Settings
Buy & Sell — toggles alerts for buy and sell signals detected by the indicator in the current chart timeframe;
MTF Buy & Sell — toggles alerts for buy and sell signals detected across the selected MTF timeframes.
📈 APPLICATION GUIDE
Application flow of this indicator very easy to understand and get used to, because all of the necessary elements — analysis, drawing, alert — are already automated by our algorithms. Let's review how the indicator works.
Let's start with the most basic thing — how will your indicator look when you load it on your chart for the first time:
AQPRO ScalperX consists mainly of 6 logic blocks:
ScalperX signals;
Risk visualization;
Max Profit tracking;
MTF scalper signals;
MTF dashboard;
Support & Resistance zones.
Description of each logic block is provided in the corresponding sections below.
SCALPERX SIGNALS
Signals, generated by our indicator, are shown on the chart as coloured up/down triangle. When a signal appears on the chart, indicator also create a box of length equal to 'Range' parameter from "Main Settings" group of settings. This box is intended to show which area of the price was broken by current candle.
It also important to acknowledge, the breakout itself happens only when price closes beyond broken price area with its close (!) price . Breakouts with highs or lows are not counted. This reduces the amount of low-quality signals and ensures that only the strong breakout will appear on the chart.
VERY IMPORTANT NOTE: all signals are considered valid only on the close of the candle, which triggered the signal, so if you want to enter a trade by any signal, wait for its candle to close and open your trade right on the next candle.
Talking about scalper's settings, we need to shed a light on how the changes in them affect signal's quality.
Parameter 'Range' defines the amount of bars, that will be review prior to current candle to determine wether the price area of this bars is good enough to track and if current candle actually broke this price area.
👍 Rule of thumb : the higher the 'Range' is, the "wider" the boxes. Also the with the increase of this parameter rises the lag of the signals, so be carefully with setting high values to this parameter.
See the visual showcase of signals with different 'Range' parameters on the screenshot below:
The example above features two instancies of ScalperX with two different 'Range' parameter values: 15 (leftchart) and 5 (right chart). You can clearly see, that on left chart here are 2 signals in comparison to 6 signals on right chart. Also signals on the left side have bigger lag and they don't catch the start of the move in comparison to how quickly tops and bottoms are catched with low 'Range' . However, low 'Range' will lead to excessive amount of signals, quality of which during 'whipsaw' markets is not that great.
✉️ Our advice on how to optimally set 'Range' parameter:
Use low values to trade during the times, when there are a lot of clean up and down impulses. This way you will catch reversal opportunities sooner and the quality of the signals will still be great;
Use high values on the 'whipsaw' markets. This will filter out many bad signals, that you would get with low-value 'Range' , and will drastically reduces amount of losing trades.
Talking about the 'Filter' parameter, this particular setting defines the 'strictness' of rules which will be applied to price area validation process. Essentially, the higher this parameter is, the stronger price impulse has to be confirm the breakout. However, changes in this parameter will not impact the "wideness" of boxes at all.
👍 Rule of thumb : the higher the 'Filter' is, the more separated the signal will be. Setting this parameter to high value will lead to increase in lag and big reduction in amount of signals, so be careful this parameter to high values.
See the visual showcase of signals with different 'Filter' parameters on the screenshot below:
The example above features two instancies of ScalperX with two different 'Filter' parameter values: 20 (left chart) and 2.5 (right chart). You can clear see, that low 'Filter' generated 6 signals, while higher one generated only 4 signals. However if you look closer, you will see that 2 signals, that existing in the yellow dashed area on the right chart, don't exist in the same area on the left chart. This is because high value of this parameter requires price impulse to be very strong in order for the indicator to mark this breakout as a valid one. What is more important is that these 2 'missing' signals were actually bad and, technically, we actually cut our losses in this case with high value of 'Filter' . You can see that the leftmost sell signal on the left chart eventually closed in a nice profit, in comparison to the same trade being closed in a loss on the right chart because of the 2 signals that we were talking about above.
It is important to note, that setting 'Filter' to low values will not affect performance this much as it low value of 'Range' do, because the indicator already works on low values of this parameter by default and the signals on average are already good enough for trading.
✉️ Our advice on how to optimally set 'Filter' parameter:
Use low values to trade on the markets with clean up and down impulses. This way you avoid excessive filtering and leave a room for good signals to come right at you;
Use high values to trade on 'whipsaw' markets. Higher values of this parameter on these markets have same effect as high 'Range' parameter: filtering false signals and leaving room for actually strong price impulses, which you will later capitalize on.
RISK VISUALIZATION (TP&SL)
Rendering Take-Profits and Stop-Losses in our indicator works quite simple: for each new trade indicator creates new pairs of lines and labels for TP and SL, while lines & labels from previous trade are erased for aesthetics purposes. Each label shows price coordinates, so that each trader would be able to grap the numbers in seconds.
See the visual showcase of TP & SL visualization on the screenshot below:
Also, whenever TP or SL of the current trade is reached, drawing of both TP and SL stops. When the TP is reached, additional '✅' emoji on the TP price is shown as confirmation of Take-Profit.
However, while TP or SL has not been reached, TP&SL labels and lines will be prolonged until one of them will be reached or new signals will come.
See the visual showcase of TP & SL stopping being visualized & TP on the screenshot below:
MAX PROFIT TRACKING
This mechanic is not particularly a new one in field of trading, but people usually forgot that it can be a useful indicator of state of the market:
when lines and labels of Max Profit are far from entry points on consistent basis , it usually means that indicator's signals actually can catch a beginning of good price moves, which enables trader to capitalize on them;
when lines and labels of Max Profit are close to entry points on consistent basis , it means that either market is choppy or the indicator can't catch trading opportunities in time. To 'fix' this you can try to reconfigure scalper's parameters, which were described above.
Principles of Max Profit in this indicator are of industry-standard: when price updates its extremum and 'generates' more profit than it previously did, Max Profit label and line change their position to this extremum. Max Profit label displays the maximum potential amount of profit that a trader could have got during this trade in pips (!) .
See the visual showcase of Max Profit work on the screenshot below:
MTF SCALPER SIGNALS
The principles of these signals are exactly the same as principles for classic Scalper signals. Refer to 'Scalper Signals' section above to rehearse the knowledge.
Logic behind these signals is very simple:
We take classic Scalper signals;
We request the data about these latest signals from specific other timeframe ( user can choose it in the settings );
If such signals appeared, we display it on the chart as a big label with timeframe value inside of it. In comparison to classic signals, no additional boxes are created . TP&SL functionality doesn't cover MTF signals, so don't expect to see TP&SL lines and labels for MTF signals.
See the visual showcase of MTF Scalper signals on the screenshot below:
MTF DASHBOARD
The functionality of the dashboard is pretty simple, but it makes the dashboard itself a very powerful tool in a hands of experienced trader.
Let's review structure of MTF dashboard on the screenshot below:
The important feature of MTF dashboard is that its tracks latest trade's data from a particular ticker and its four timeframes, all of which any trader chooses in the settings. This means, that you can be on asset ABC , but track the data from asset XYZ . This allows for a quick scan of sentiment from different assets and their timeframes, which gives traders a clue on what is the trend on these assets both on lower and higher timeframes at the same moment and saves a lot of time from jumping from one asset & timeframe to another.
To see that this is exactly the case with our indicator, see the screenshot below:
Needless to say, that you can track current asset in the dashboard as well. This will have the same benefits, described in the paragraph above.
You can also customize colours for bullish and bearish patterns for MTF Dashboard in the settings.
SUPPORT & RESISTANCE ZONES
Support & resistance (S&R) zones are a great tool for confirming Scalper signals in complex situations. Using these zones to determine whether or a particular entry opportunity is good is a practice of professional traders, which we specifically added to our indicator for the reason of improving the quality of Scalper signals in long run.
The mechanics behind these zones is based on pivot points, the lookback for which you can customize in the parameter called 'History Lookback (Bars)' in "Support & Resistance / Main Settings" group of settings. Increasing this parameter will lead to a appearance of more 'global' zones, but they will appear much rarer, rather then zones, generated with low values of this parameter.
The quality of these zones doesn't change much when changing this parameter — it only changes the frequency of the zones on the chart. Zones, generated from high values of this parameter are more suitable for long-term trading, while zones, generated from low value of this parameter, are more suitable for short-term trading.
It also important to mention that any zone on the chart is considered active only until the moment its farther border ( top border for resistance zones and bottom border for support zones) is reached by price's high or low .
Take a look on the screenshot below to see which zones does the indicator draw:
Let's review the zones themselves now:
Classic Support/Resistance Zone — a standard zone, which on average has amedium success rate to reverse the price when collided with it;
High-buyer-volume/High-seller-volume Support/Resistance Zone — a stronger zone, which on average has much better success rate to reverse the price when collided with it. Classic zone is marked as high-volume only if the up/down volume near the pivot point of this zone is greater than a certain threshold ( not changeable );
Extreme Support/Resistance Zone — a zone, which appeared beyond price's least-possible-to-cross levels, and has to the highest success rate of reversing the price on encounter across the zones, mentioned previously. Classic zone, which appeared beyond certain price levels, calculated with our proprietary risk system, is considered extreme. Classic zone doesn't need to be high-volume to become an Extreme Zone!
High-buyer-volume/High-seller-volume Extreme Support/Resistance Zone — an Extreme Zone, which has also passed up/down volume evolution process, mentioned in the point 2 .
Trading with the zones, mentioned above, with highest-on-paper success rate — especially Extreme Zones — does NOT guarantee you a price reversal when the price will reach this zone. However, by conducting our own extensive research with this indicator, we have found that using these zone will actually help you increase your success rate on average, because using these zones as confirmation systems filter out quite a number of false signals on average.
It is also important to mention, that opacity (same as 'transparency') of S&R zones depends on the volume of around zone's pivot point:
if volume is high , zone has 'brighter' (less opacity) colour;
if volume is low , zone has 'darker' (more opacity) colour.
Let's review examples of Scalper signal, which 1) where filtered out by our S&R zones and 2) where confirmed by our S&R zones. See the screenshot below:
The example above clearly shows the importance of having an S&R zone confirming the signal. This kind of 'team work' between of Scalper signals and S&R zones results in filtering lots of bad signals and confirmation of truly strong ones.
🔔 ALERTS
This indicator employs alerts for an event when new signal occurs on the current timeframe or on MTF timeframe. While creating the alert below 'Condition' field choose 'any alert() function call'.
When this alert is triggered, it will generate this kind of message:
// Alerts for current timeframe
string msg_template = "EXCHANGE:ASSET, TIMEFRAME: BUY_OR_SELL"
string msg_example = "BINANCE:BTCUSDT, 15m: Buy"
// Alerts for MTF timeframe
string msg_template_mtf = "MTF / EXCHANGE:ASSET, TIMEFRAME: BUY_OR_SELL"
string msg_example_mtf = "MTF / BINANCE:BTCUSDT, 1h: Buy"
📌 NOTES
This indicators works best on assets with high liquidity; most suitable timeframes range from 1m to 4h (depends on your trading style) ;
Seriously consider using S&R zones as confirmation to main Scalper signals or any of your own signals. Confirmation process may filter out a lot of signals, but your PNL History will say "thank you" to you in the long-run and you will see yourself how good confirmed signals actually do work;
Don't forget to look at MTF dashboard from time to time to see global sentiment. This will help you time your entry moments better and will improve your performance in the long run;
This indicator can serve both as primary source of signals and as confirmation tool, but we advise to try to combine it with your own strategy frst to see if it will improve your performance.
🏁 AFTERWORD
AQPRO ScalperX was designed to help traders identify high-quality price breakouts and generate market insights based on them, which include signal generation. Main feature of this indicator is Scalper algorithm, which generate price-breakout-based signals directly on your chart.
Alongside these signals you can leverage 1) MTF Dashboard to track latest trade's data from chosen asset and its four timeframes, 2) risk visualization functionality (TP&SL) to improve understanding of current market risks and 3) Support & Resistance zones, which serve as a great confirmation tool for Scalper signals, but can also work with any other signal generation tool to enhance its performance.
ℹ️ If you have questions about this or any other our indicator, please leave it in the comments.
