Mayfair Reversal Change✅ Mayfair Reversal Change — By EastWave Capital
Description:
The Mayfair Reversal Change indicator is a tool designed to help traders identify potential market turning points using Stochastic Oscillator behavior and filtered price action logic. It acts as a reversal signal filter and is particularly effective when the market is overextended (overbought/oversold) and about to revert from exhaustion zones.
🔍 How It Works:
This script monitors the Stochastic %K and %D crossovers and adds a custom logic layer to filter only high-quality reversal points:
Stochastic Filter Conditions:
Uses smoothed stochastic settings:
%K smoothing = 3
%D smoothing = 3
Only shows signals after %K crosses back below 80 (for Sell) or above 20 (for Buy)
This prevents signals from appearing too early during an active overbought or oversold phase.
Directional Confirmation Logic:
Bullish signal is printed only when %K re-enters below 20 after a confirmed stochastic crossover.
Bearish signal appears only when %K re-enters above 80.
This reduces false signals that occur during continued trending moves.
Toggle Switch:
A user-toggle input is included to enable or disable the reversal filter logic.
This gives flexibility for traders who want to test signals with or without the stochastic condition.
📈 How to Use:
Timeframes: Recommended for 5M, 15M, and 30M
Markets: Compatible with any market — FX, Gold, Indices, Crypto
Entry Approach:
Wait for signal after price has reached a potential extreme area.
Confirm with chart structure, support/resistance, or SMC zone.
Enter on confirmation, placing stop loss beyond the swing high/low.
Combine with trendline breaks or price imbalances (FVG) for extra confluence.
Can be used in combination with the Mayfair FX Scalper script for dual-layer confirmation.
⚠️ Important Notes:
Signals are visual only and should be confirmed with proper strategy.
This indicator does not execute or manage trades automatically.
Designed to assist with reversal setups but should not be used in isolation.
Always manage risk, use SL/TP, and avoid over-leveraging.
Trendreversal
Trend Reversals(Mastersinnifty)Description
The Trend Reversals (Mastersinnifty) indicator highlights potential turning points in price direction using an ATR-based trailing stop mechanism. It provides clear trend reversal signals on the chart to help traders identify possible entry or exit points based on price behavior and volatility.
How It Works
This indicator applies a custom trailing stop logic inspired by SuperTrend-style mechanisms. It uses the Average True Range (ATR) to dynamically calculate upper and lower stop levels and monitors for price breaches that may indicate a shift in trend direction.
Trend change signals are plotted using conditional logic that compares price behavior against trailing levels, with labels appearing:
Below candles for bullish reversals
Above candles for bearish reversals
Inputs
Value for trend change – Threshold in % used to filter valid reversal signals.
ATR Periods – Number of bars for ATR calculation (internally fixed at 1 in the script).
Multiplier – Determines the sensitivity of the trailing bands (set internally).
Change ATR Type – Allows switching between standard ATR and SMA-based True Range.
Use Case
This tool is ideal for:
Spotting trend reversals early in intraday or swing trades.
Filtering false breakouts using volatility-adjusted thresholds.
Combining with other indicators like volume or oscillators for confirmation.
Use on trending instruments to ride swings more efficiently.
Disclaimer
This indicator is a technical analysis tool and does not guarantee any specific outcome. Always use with proper risk management and in conjunction with other forms of analysis. The author is not responsible for any financial losses incurred through the use of this script.
Dynamic Pivot PointThis indicator calculates and displays dynamic pivot points (Pivot, Support, and Resistance levels) based on a selected timeframe. These levels help traders identify potential price reversal zones, support/resistance, and trend direction.
it calculates:
Support Levels (S1, S2, S3)
Resistance Levels (R1, R2, R3)
Dynamic Feature:
a pivot defined period ( default = 5). you can change .
You can choose a specific timeframe (pivotTimeFrame) for calculating pivot levels (e.g., Daily, Weekly, etc.).
Visibility Toggle:
You can turn the pivot levels on or off using the input toggle.
Color Scheme:
Pivot Line: White
Support Levels: Green (S1, S2, S3)
Resistance Levels: Red (R1, R2, R3)
How to Trade With It:
1. Support and Resistance Reversals:
Buy near support levels (S1, S2, S3) if price shows bullish reversal signals.
Sell near resistance levels (R1, R2, R3) if price shows bearish reversal signals.
2. Breakout Trading:
Break above R1/R2/R3 with strong volume may indicate a bullish breakout — consider long positions.
Break below S1/S2/S3 may signal a bearish breakout — consider short positions.
3. Trend Confirmation:
If price stays above Pivot and supports hold — trend is likely bullish.
If price stays below Pivot and resistances hold — trend is likely bearish.
52SIGNAL RECIPE Market Structure Reversal Signals═══ 52SIGNAL RECIPE Market Structure Reversal Signals ═══
◆ Overview
52SIGNAL RECIPE Market Structure Reversal Signals is a technical indicator designed to detect structural changes in price charts and identify potential trend reversals. By tracking highs and lows over a specified period, this indicator provides clear visual signals when significant price breakouts occur, helping traders capture directional changes in the market early.
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◆ Key Features
• Structural Reversal Detection: Provides potential trend change signals when price breaks through recent N-day highs/lows
• Duplicate Signal Prevention: Filters out consecutive signals in the same direction
• Intuitive Visualization: Clearly distinguishes bullish/bearish reversal signals by color and position on the chart
• Confirmed Bar Based: Generates signals only after bars are completely closed, enhancing reliability
• Customizable Settings: Adjustable tracking period to optimize for various market environments and timeframes
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◆ Technical Foundation
■ Market Structure Analysis Principle
• High/Low Tracking: Identifies previous highs (LH) and lows (HL) over the specified period
• Structural Breakout: Interprets as structural change when closing price breaks above previous high or below previous low
• Confirmed Bar Verification: Minimizes false signals by generating signals only after the current bar has completely closed
■ Signal Filtering Mechanism
• Signal State Tracking: Prevents duplicate signals by tracking the direction of the last generated signal
• Directional Change Focus: Suppresses signals in the same direction until an opposite signal occurs
• Noise Reduction: Focuses only on important level breakouts, eliminating unnecessary signals
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◆ Practical Applications
■ Trend Reversal Point Identification
• Bullish Trend Starting Point:
▶ When bullish reversal signal occurs after a downtrend
▶ When upward momentum is confirmed by breaking previous high
• Bearish Trend Starting Point:
▶ When bearish reversal signal occurs after an uptrend
▶ When downward momentum is confirmed by breaking below previous low
• Range Breakout Detection:
▶ Potential trend formation signals when breaking upper/lower boundaries in a ranging market
■ Trading Strategy Application
• Trend Following Strategy:
▶ Consider buy entry when bullish reversal signal occurs
▶ Consider sell entry when bearish reversal signal occurs
• Reversal Trading:
▶ Signals occurring at support/resistance levels provide high-probability entry points
▶ Reversal signals in overbought/oversold conditions strengthen trend reversal possibility
• Risk Management:
▶ Consider closing or reducing positions when opposite signals occur
▶ Set precise stop-loss points by combining with key technical levels
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◆ Advanced Setting Options
■ Tracking Period (N-day) Adjustment
• Short-term Setting: 10-15 days (sensitive signals, quick reaction, suitable for short-term trading)
• Medium-term Setting: 20-30 days (balanced signals, general trend detection, recommended default)
• Long-term Setting: 40-50 days (strong filtering, detects only major trend reversals, suitable for long-term investment)
■ Timeframe Optimization
• Daily Chart: 20-30 day setting (medium-term trend change detection)
• 4-Hour Chart: 30-40 setting (short-term swing trading signals)
• Hourly Chart: 40-50 setting (intraday trend change detection)
• Intraday Chart: 10-20 setting (scalping and short-term trading)
■ Market Type Adjustment
• High Volatility Markets: Higher N values (30-50) to filter noise
• Trending Markets: Medium N values (20-30) to capture only major reversals
• Ranging Markets: Lower N values (10-20) to capture range-bound movements
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◆ Synergy with Other Indicators
• Moving Averages: Signal strength enhanced when Market Structure Reversal Signals align with key moving average crossovers
• RSI: Market Structure Reversal Signals occurring at overbought/oversold levels increase reversal probability
• Volume Indicators: Market Structure Reversal Signals accompanied by high volume enhance reliability
• Fibonacci Levels: Market Structure Reversal Signals occurring at key Fibonacci levels provide important turning points
• Channel Indicators: Powerful breakout confirmation when price channel upper/lower breakthroughs coincide with Market Structure Reversal Signals
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◆ Conclusion
52SIGNAL RECIPE Market Structure Reversal Signals objectively identifies structural changes in the market and clearly visualizes potential trend reversal points. Its simple yet powerful approach of detecting directional changes through recent N-day high/low breakouts provides flexibility applicable to various market environments and trading styles. The duplicate signal prevention mechanism and confirmed bar-based signal generation greatly enhance signal quality and reliability. When combined with other technical indicators, synergy effects can be maximized, providing traders with a valuable tool to capture market turning points early.
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※ Disclaimer: Past performance does not guarantee future results. Always use appropriate risk management strategies.
═══ 52SIGNAL RECIPE Market Structure Reversal Signals ═══
◆ 개요
52SIGNAL RECIPE Market Structure Reversal Signals는 가격 차트의 구조적 변화를 감지하여 잠재적인 추세 반전을 식별하는 기술적 지표입니다. 이 지표는 최근 N일 동안의 고점과 저점을 추적하여 의미 있는 가격 돌파가 발생할 때 명확한 시각적 신호를 제공함으로써, 트레이더가 시장의 방향성 변화를 조기에 포착할 수 있도록 도와줍니다.
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◆ 주요 특징
• 구조적 반전 탐지: 가격이 최근 N일 고점/저점을 돌파할 때 잠재적 추세 변화 신호 제공
• 중복 신호 방지: 동일한 방향의 신호가 연속으로 반복되지 않도록 필터링
• 직관적인 시각화: 상승/하락 반전 신호를 차트 상에서 색상과 위치로 명확히 구분
• 확정 봉 기반: 봉이 완전히 종료된 후에만 신호 생성하여 신뢰도 향상
• 사용자 정의 설정: 추적 기간을 조정하여 다양한 시장 환경과 타임프레임에 최적화 가능
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◆ 기술적 기반
■ 시장 구조 분석 원리
• 고점/저점 추적: 지정된 기간 동안의 이전 고점(LH)과 저점(HL) 식별
• 구조적 돌파: 종가가 이전 고점을 상향 돌파하거나 이전 저점을 하향 돌파할 때 구조적 변화로 해석
• 확정 봉 검증: 현재 봉이 완전히 종료된 후에만 신호 생성하여 오신호 최소화
■ 신호 필터링 메커니즘
• 신호 상태 저장: 마지막 생성된 신호의 방향을 추적하여 동일 방향 신호 중복 방지
• 방향성 전환 초점: 반대 방향 신호가 발생할 때까지 동일 방향 신호 억제
• 노이즈 감소: 중요 수준 돌파에만 집중하여 불필요한 신호 제거
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◆ 실용적 응용
■ 추세 전환점 식별
• 상승 추세 시작점:
▶ 하락 추세 후 상승 반전 신호 발생 시
▶ 이전 고점 돌파로 상승 모멘텀 확인 시
• 하락 추세 시작점:
▶ 상승 추세 후 하락 반전 신호 발생 시
▶ 이전 저점 이탈로 하락 모멘텀 확인 시
• 범위 돌파 감지:
▶ 횡보 시장에서 상/하 경계 돌파 시 잠재적 추세 형성 신호
■ 트레이딩 전략 적용
• 추세 추종 전략:
▶ 상승 반전 신호 발생 시 매수 진입 고려
▶ 하락 반전 신호 발생 시 매도 진입 고려
• 반전 트레이딩:
▶ 지지/저항 수준에서 반전 신호 발생 시 높은 확률의 진입점 제공
▶ 과매수/과매도 상태에서의 반전 신호는 추세 전환 가능성 강화
• 리스크 관리:
▶ 반대 방향 신호 발생 시 포지션 종료 또는 축소 고려
▶ 주요 기술적 수준과 결합하여 정밀한 손절점 설정 가능
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◆ 고급 설정 옵션
■ 추적 기간(N일) 조정
• 단기 설정: 10-15일 (민감한 신호, 빠른 반응, 단기 트레이딩에 적합)
• 중기 설정: 20-30일 (균형 잡힌 신호, 일반적 추세 감지, 기본 권장)
• 장기 설정: 40-50일 (강한 필터링, 주요 추세 전환만 감지, 장기 투자에 적합)
■ 타임프레임별 최적화
• 일봉 차트: 20-30일 설정 (중기 추세 변화 감지)
• 4시간 차트: 30-40 설정 (단기 스윙 트레이딩 신호)
• 시간봉 차트: 40-50 설정 (일중 추세 변화 감지)
• 일중 차트: 10-20 설정 (스캘핑 및 단기 거래)
■ 시장 유형별 조정
• 변동성 높은 시장: 높은 N값 (30-50) 설정으로 노이즈 필터링
• 추세 시장: 중간 N값 (20-30) 설정으로 주요 반전만 포착
• 횡보 시장: 낮은 N값 (10-20) 설정으로 범위 내 움직임 포착
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◆ 다른 지표와의 시너지
• 이동평균선: Market Structure Reversal Signals 신호와 주요 이동평균선 교차 지점이 일치할 때 신호 강화
• RSI: 과매수/과매도 수준에서의 Market Structure Reversal Signals 신호는 반전 가능성 높임
• 볼륨 지표: 높은 볼륨과 함께 발생하는 Market Structure Reversal Signals 신호는 신뢰도 향상
• 피보나치 레벨: 주요 피보나치 레벨에서 발생하는 Market Structure Reversal Signals 신호는 중요한 전환점 제공
• 채널 지표: 가격 채널의 상단/하단 돌파와 Market Structure Reversal Signals 신호 일치 시 강력한 돌파 확인
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◆ 결론
52SIGNAL RECIPE Market Structure Reversal Signals는 시장의 구조적 변화를 객관적으로 식별하여 잠재적인 추세 전환점을 명확하게 시각화합니다. 최근 N일 고점/저점 돌파를 통해 방향성 변화를 감지하는 단순하면서도 강력한 접근 방식은 다양한 시장 환경과 트레이딩 스타일에 적용할 수 있는 유연성을 제공합니다. 중복 신호 방지 메커니즘과 확정 봉 기반 신호 생성은 신호의 품질과 신뢰성을 크게 향상시킵니다. 다른 기술적 지표와 결합하여 사용할 때 시너지 효과를 극대화할 수 있으며, 트레이더에게 시장의 전환점을 조기에 포착할 수 있는 귀중한 도구를 제공합니다.
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※ 면책 조항: 과거 성과가 미래 결과를 보장하지 않습니다. 항상 적절한 리스크 관리 전략을 사용하세요.
Universal Renko Bars by SiddWolfUniversal Renko Bars or UniRenko Bars is an overlay indicator that applies the logic of Renko charting directly onto a standard candlestick chart. It generates a sequence of price-driven bricks, where each new brick is formed only when the price moves a specific amount, regardless of time. This provides a clean, price-action-focused visualization of the market's trend.
WHAT IS UNIVERSAL RENKO BARS?
For years, traders have faced a stark choice: the clean, noise-free world of Renko charts, or the rich, time-based context of Candlesticks. Choosing Renko meant giving up your favorite moving averages, volume profiles, and the fundamental sense of time. Choosing Candlesticks meant enduring the market noise that often clouds true price action.
But what if you didn't have to choose?
Universal Renko Bars is a revolutionary indicator that ends this dilemma. It's not just another charting tool; it's a powerful synthesis that overlays the pure, price-driven logic of Renko bricks directly onto your standard candlestick chart. This hybrid approach gives you the best of both worlds:
❖ The Clarity of Renko: By filtering out the insignificant noise of time, Universal Renko reveals the underlying trend with unparalleled clarity. Up trends are clean successions of green bricks; down trends are clear red bricks. No more guesswork.
❖ The Context of Candlesticks: Because the Renko logic is an overlay, you retain your time axis, your volume data, and full compatibility with every other time-based indicator in your arsenal (RSI, MACD, Moving Averages, etc.).
The true magic, however, lies in its live, Unconfirmed Renko brick. This semi-transparent box is your window into the current bar's real-time struggle. It grows, shrinks, and changes color with every tick, showing you exactly how close the price is to confirming the trend or forcing a reversal. It’s no longer a lagging indicator; it’s a live look at the current battle between buyers and sellers.
Universal Renko Bars unifies these two powerful charting methods, transforming your chart into a more intelligent, noise-free, and predictive analytical canvas.
HOW TO USE
To get the most out of Universal Renko Bars, here are a few tips and a full breakdown of the settings.
Initial Setup for the Best Experience
For the cleanest possible view, it's highly recommended that you hide the body of your standard candlesticks, that shows only the skelton of the candle. This allows the Renko bricks to become the primary focus of your chart.
→ Double click on the candles and uncheck the body checkbox.
Settings Breakdown
The indicator is designed to be powerful yet intuitive. The settings are grouped to make customization easy.
First, What is a "Tick"?
Before we dive in, it's important to understand the concept of a "Tick." In Universal Renko, a Tick is not the same as a market tick. It's a fundamental unit of price movement that you define. For example, if you set the Tick Size to $0.50, then a price move of $1.00 is equal to 2 Ticks. This is the core building block for all Renko bricks. Tick size here is dynamically determined by the settings provided in the indicator.
❖ Calculation Method (The "Tick Size" Engine)
This section determines the monetary value of a single "Tick."
`Calculation Method` : Choose your preferred engine for defining the Tick Size.
`ATR Based` (Default): The Tick Size becomes dynamic, based on market volatility (Average True Range). Bricks will get larger in volatile markets and smaller in quiet ones. Use the `ATR 14 Multiplier` to control the sensitivity.
`Percentage` : The Tick Size is a simple percentage of the current asset price, controlled by the `Percent Size (%)` input.
`Auto` : The "set it and forget it" mode. The script intelligently calculates a Tick Size based on the asset's price. Use the `Auto Sensitivity` slider to make these automatically calculated bricks thicker (value > 1.0) or thinner (value < 1.0).
❖ Parameters (The Core Renko Engine)
This group controls how the bricks are constructed based on the Tick Size.
`Tick Trend` : The number of "Ticks" the price must move in the same direction to print a new continuation brick. A smaller value means bricks form more easily.
`Tick Reversal` : The number of "Ticks" the price must move in the opposite direction to print a new reversal brick. This is typically set higher than `Tick Trend` (e.g., double) to filter out minor pullbacks and market noise.
`Open Offset` : Controls the visual overlap of the bricks. A value of `0` creates gapless bricks that start where the last one ended. A value of `2` (with a `Tick Reversal` of 4) creates the classic 50% overlap look.
❖ Visuals (Controlling What You See)
This is where you tailor the chart to your visual preference.
`Show Confirmed Renko` : Toggles the solid-colored, historical bricks. These are finalized and will never change. They represent the confirmed past trend.
`Show Unconfirmed Renko` : This is the most powerful visual feature. It toggles the live, semi-transparent box that represents the developing brick. It shows you exactly where the price is right now in relation to the levels needed to form the next brick.
`Show Max/Min Levels` : Toggles the horizontal "finish lines" on your chart. The green line is the price target for a bullish brick, and the red line is the target for a bearish brick. These are excellent for spotting breakouts.
`Show Info Label` : Toggles the on-chart label that provides key real-time stats:
🧱 Bricks: The total count of confirmed bricks.
⏳ Live: How many chart bars the current live brick has been forming. These bars forms the Renko bricks that aren't confirmed yet. Live = 0 means the latest renko brick is confirmed.
🌲 Tick Size: The current calculated value of a single Tick.
Hover over the label for a tooltip with live RSI(14), MFI(14), and CCI(20) data for additional confirmation.
TRADING STRATEGIES & IDEAS
Universal Renko Bars isn't just a visual tool; it's a foundation for building robust trading strategies.
Trend Confirmation: The primary use is to instantly identify the trend. A series of green bricks indicates a strong uptrend; a series of red bricks indicates a strong downtrend. Use this to filter out trades that go against the primary momentum.
Reversal Spotting: Pay close attention to the Unconfirmed Brick . When a strong trend is in place and the live brick starts to fight against it—changing color and growing larger—it can be an early warning that a reversal is imminent. Wait for the brick to be confirmed for a higher probability entry.
Breakout Trading: The `Max/Min Levels` are your dynamic breakout zones. A long entry can be considered when the price breaks and closes above the green Max Level, confirming a new bullish brick. A short entry can be taken when price breaks below the red Min Level.
Confluence & Indicator Synergy: This is where Universal Renko truly shines. Overlay a moving average (e.g., 20 EMA). Only take long trades when the green bricks are forming above the EMA. Combine it with RSI or MACD; a bearish reversal brick forming while the RSI shows bearish divergence is a very powerful signal.
A FINAL WORD
Universal Renko Bars was designed to solve a fundamental problem in technical analysis. It brings together the best elements of two powerful methodologies to give you a clearer, more actionable view of the market. By filtering noise while retaining context, it empowers you to make decisions with greater confidence.
Add Universal Renko Bars to your chart today and elevate your analysis. We welcome your feedback and suggestions for future updates!
Follow me to get notified when I publish New Indicator.
~ SiddWolf
Hammers & star Patterns After a Trend
1. **Candlestick Patterns Detection:**
- **Hammers** and **Inverted Hammers** are specific candlestick patterns that can indicate potential reversals in the market.
- **Hammer**: A candle with a small body and a long lower wick, showing a possible reversal after a downtrend.
- **Inverted Hammer**: A candle with a small body and a long upper wick, indicating a possible reversal after an uptrend.
2. **Volume Consideration:**
- The script checks if these patterns occur with **high trading volume**. If the volume is significantly higher than the average volume over a certain period, the pattern is highlighted.
3. **Trend Detection:**
- The script looks for a significant trend before the pattern appears:
- **Downtrend**: A significant downward movement in price is required before a Hammer is considered.
- **Uptrend**: A significant upward movement is required before an Inverted Hammer is considered.
4. **Additional Patterns:**
- **Morning Star** and **Evening Star** patterns are also detected:
- **Morning Star**: A three-candle pattern where the first candle is a large bearish candle, followed by a small-bodied candle, and then a large bullish candle, indicating a potential reversal from downtrend to uptrend.
- **Evening Star**: The opposite pattern, signaling a potential reversal from uptrend to downtrend.
5. **Visual Indicators:**
- The script **plots arrows** and **labels** on the chart to show where these patterns occur:
- **Hammers** and **Inverted Hammers** are marked with triangle arrows.
- **Morning Stars** and **Evening Stars** are marked with labels.
In summary, this script helps traders identify key candlestick patterns that may signal potential reversals in price trends, with special emphasis on patterns that occur with high volume and after significant price movements.
AZRO Systems XRP Top/Bottom Indicator — Invite-OnlyAZRO Systems – XRP Top/Bottom Indicator — Invite-Only
VERSION v1.0.4 — Early tops & bottoms flagged; label auto-flips to MAJOR at weekly close
──────────────────────────────────────────────────────
WHAT IT DOES
• EARLY TOP / EARLY BOTTOM prints intra-bar the moment any multi-factor recipe triggers.
• When the weekly bar closes, the label flips to MAJOR TOP / MAJOR BOTTOM and the confirmed alert fires.
• (If Soft-Confirm is ON, a TOP must first pull back ≈ 30 % of ATR-90 before confirmation.)
• Adds large green/red labels and a light bar-tint once major status is confirmed.
• Historical tests indicate materially lower drawdowns versus passive holding while still capturing each macro upswing.
HOW IT WORKS (concept level — exact thresholds are locked)
• Macro-Rotation Gauge – BTC dominance
Weekly BTC.D enters a historic extreme, then reverses for ≥ 2 weekly closes to flag potential rotation; never fires solo.
• Asset-Share Pivot – XRP market-cap share filters out false RSI spikes.
• Momentum-Stress Check – Weekly RSI + ATR pull-back captures exhaustion without waiting for close.
A label prints only when a recipe combining these lenses is met, greatly reducing false signals versus single-factor scripts.
HOW TO USE
Chart : XRP-USD · 1-WEEK (lower timeframes unsupported)
Watch : EARLY label → flips to MAJOR at weekly confirmation (bar tint appears)
Alerts : • EARLY Bottom / EARLY Top → ONCE PER BAR
• MAJOR Bottom / MAJOR Top → ONCE PER BAR CLOSE
USER-VISIBLE INPUTS
• Label distance (% ATR-90) – vertical offset for labels (Default 50)
• Light-mode palette – swap colors for bright themes (Default OFF)
• Soft-Confirm filter – ON waits for ≈ 30 % ATR pull-back on tops; OFF prints faster tops (Default ON)
• Warning checkbox – visual reminder only; no impact on signals (Default OFF)
ROADMAP
An intraday scalp mode for this XRP script is under development.
LIMITATIONS & DISCLAIMER
• Designed exclusively for the weekly timeframe; extreme market events can override any model—always manage risk.
• Educational tool — not financial advice. Past performance ≠ future returns.
Hybrid Heikin Ashi OverlayHybrid Heikin Ashi Overlay
I personally like Heikin Ashi for its simplicity in showing clean trends. However, it tends to smooth out price action so much that we sometimes miss key signals from the actual candles.
This indicator overlays Heikin Ashi-style background colors while keeping regular candles intact — giving you the best of both worlds:
• Smoother trend visibility
• No loss of execution precision
• Customizable colors & transparency
🔹 No repainting
🔹 No strategy logic — purely visual
🔹 Designed to reduce clutter and help traders stay focused on structure
Created by: @yug_and_her
Swing + 3-Bar Breakout(Mastersinnifty)Overview
This script is a hybrid trading tool combining swing-based structural analysis, momentum filtering, and breakout validation — designed to detect early reversals and confirm trend continuations within a single unified system.
It integrates five major components:
- ZigZag Structural Detection — to identify critical swing highs and lows.
- Momentum Validation — using RSI and Rate of Change (ROC) to confirm the strength behind swings.
- Three-Bar Breakout Confirmation — spotting trend continuation beyond swing structures.
- Dynamic Trailing Stop System — managing trades adaptively via ATR-based trailing stops.
- Projected Target Levels — estimating future price destinations based on measured swings.
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What Makes This Script Unique
Rather than using standard indicators in isolation, this script layers multiple conditions sequentially and contextually:
- Structural Foundation: Identifies pivots through a tight ZigZag algorithm tuned with a low-depth setting for early detection.
- Momentum Checkpoint: Validates pivots only if RSI extremes and ROC momentum surges align, reducing false breakouts during sideways movements.
- Breakout Validation: Confirms trend continuation when price breaches critical multi-bar highs/lows post-swing formation.
- Risk-Managed Progression: Initiates adaptive ATR-based trailing stops immediately after signal generation, tightening risk dynamically as trends unfold.
- Target Projection: Estimates potential move size by projecting the magnitude of the last completed swing, offering realistic price milestones.
This combination provides a dual-purpose tool for both reversals and breakouts, allowing flexible trading styles within a single indicator.
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How the Script Works
- Swing Detection
- A swing low is identified when a price bottom forms (via ZigZag) and momentum conditions are met (RSI < 20, ROC > +0.5).
- A swing high is identified when a price top forms and momentum conditions are met (RSI > 80, ROC < -0.5).
- Breakout Confirmation
- After a swing is detected, if price crosses above/below a three-bar swing structure, a secondary breakout signal is triggered.
- Trailing Stop Activation:
- Upon a confirmed swing or breakout, an ATR-multiplied trailing stop is initialized below/above the entry point to secure profits dynamically.
- Projection Logic
- Swing height is measured from the latest high-low sequence, and potential future targets are plotted for visual guidance.
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Who Can Benefit From This Indicator
- Swing Traders — who seek early entries around reversal zones.
- Scalpers & Intraday Traders — needing fast-reacting momentum-based confirmation.
- Breakout Traders — to time entries after multi-bar compressions.
- Risk Managers — through integrated ATR trailing stops for dynamic exit management.
- Price Action Analysts — utilizing projected swing targets for strategic planning.
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How to Use
- Entry Identification
- Look for buy signals at swing lows with strong positive momentum.
- Look for sell signals at swing highs with strong negative momentum.
- Use breakout confirmations to validate the trend continuation beyond swings.
- Risk Management
- Monitor trailing stop lines to track trade health.
- Watch projected targets to anticipate realistic move completions.
- Chart Visibility
- All plotted points, breakout markers, trailing stops, and projected levels are generated automatically for clarity.
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Disclaimer
This script is intended for educational and analytical purposes only.
It does not constitute financial advice, and past performance does not guarantee future results.
All trading involves risk. Users are responsible for their own trading decisions.
Future Candle Reversal Projection (Mastersinnifty)Overview
This tool identifies potential future market reversal zones by dynamically projecting pivot-based swing patterns forward in time. Unlike traditional ZigZag indicators that only reflect past movements, this indicator anticipates probable future turning points based on historical swing periodicity.
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Key Features
- Forward Projections: Calculates and projects future swing zones based on detected pivot distances.
- Customizable Detection: Adjust the ZigZag depth for different trading styles (scalping, swing, position).
- Dynamic Updates: Real-time recalibration as new pivots form.
- Clean Visual Markers: Projects reversal estimates as intuitive labels and dotted lines.
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How it Works
The indicator identifies significant swing highs and lows using a user-defined ZigZag depth setting. It measures the time (bars) and price characteristics of the latest swing movement. Using this pattern, it projects forward estimated reversal points at consistent intervals. Midpoint price levels between the last high and low are used for each future projection.
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Who Can Benefit
- Intraday and swing traders seeking advanced planning zones.
- Technical analysts relying on pattern periodicity.
- Traders who wish to combine projected reversal markers with their own risk management strategies.
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Disclaimer
This tool is an analytical and educational utility. It does not predict markets with certainty. Always combine it with your own analysis and risk management. Past behavior does not guarantee future results.
SynchroTrend Oscillator (STO) [PhenLabs]📊 SynchroTrend Oscillator
Version: PineScript™ v5
📌 Description
The SynchroTrend Oscillator (STO) is a multi-timeframe synchronization tool that combines trend information from three distinct timeframes into a single, easy-to-interpret oscillator ranging from -100 to +100.
This indicator solves the common problem of having to analyze multiple timeframe charts separately by consolidating trend direction and strength across different time horizons. The STO helps traders identify when markets are truly synchronized across timeframes, potentially indicating stronger trend conditions and higher probability trading opportunities.
Using either Moving Average crossovers or RSI analysis as the trend definition metric, the STO provides a comprehensive view of market structure that adapts to various trading strategies and market conditions.
🚀 Points of Innovation
Triple-timeframe synchronization in a single view eliminates chart switching
Dual trend detection methods (MA vs Price or RSI) for flexibility across different markets
Dynamic color intensity that automatically increases with signal strength
Scaled oscillator format (-100 to +100) for intuitive trend strength interpretation
Customizable signal thresholds to match your risk tolerance and trading style
Visual alerts when markets reach full synchronization states
🔧 Core Components
Trend Scoring System: Calculates a binary score (+1, -1, or 0) for each timeframe based on selected metrics, providing clear trend direction
Multi-Timeframe Synchronization: Combines and scales trend scores from all three timeframes into a single oscillator
Dynamic Visualization: Adjusts color transparency based on signal strength, creating an intuitive visual guide
Threshold System: Provides customizable levels for identifying potentially significant trading opportunities
🔥 Key Features
Triple Timeframe Analysis: Synchronizes three user-defined timeframes (default: 60min, 15min, 5min) into one view
Dual Trend Detection Methods: Choose between Moving Average vs Price or RSI-based trend determination
Adjustable Signal Smoothing: Apply EMA, SMA, or no smoothing to the oscillator output for your preferred signal responsiveness
Dynamic Color Intensity: Colors become more vibrant as signal strength increases, helping identify strongest setups
Customizable Thresholds: Set your own buy/sell threshold levels to match your trading strategy
Comprehensive Alerts: Six different alert conditions for crossing thresholds, zero line, and full synchronization states
🎨 Visualization
Oscillator Line: The main line showing the synchronized trend value from -100 to +100
Dynamic Fill: Area between oscillator and zero line changes transparency based on signal strength
Threshold Lines: Optional dotted lines indicating buy/sell thresholds for visual reference
Color Coding: Green for bullish synchronization, red for bearish synchronization
📖 Usage Guidelines
Timeframe Settings
Timeframe 1: Default: 60 (1 hour) - Primary higher timeframe for trend definition
Timeframe 2: Default: 15 (15 minutes) - Intermediate timeframe for trend definition
Timeframe 3: Default: 5 (5 minutes) - Lower timeframe for trend definition
Trend Calculation Settings
Trend Definition Metric: Default: “MA vs Price” - Method used to determine trend on each timeframe
MA Type: Default: EMA - Moving Average type when using MA vs Price method
MA Length: Default: 21 - Moving Average period when using MA vs Price method
RSI Length: Default: 14 - RSI period when using RSI method
RSI Source: Default: close - Price data source for RSI calculation
Oscillator Settings
Smoothing Type: Default: SMA - Applies smoothing to the final oscillator
Smoothing Length: Default: 5 - Period for the smoothing function
Visual & Threshold Settings
Up/Down Colors: Customize colors for bullish and bearish signals
Transparency Range: Control how transparency changes with signal strength
Line Width: Adjust oscillator line thickness
Buy/Sell Thresholds: Set levels for potential entry/exit signals
✅ Best Use Cases
Trend confirmation across multiple timeframes
Finding high-probability entry points when all timeframes align
Early detection of potential trend reversals
Filtering trade signals from other indicators
Market structure analysis
Identifying potential divergences between timeframes
⚠️ Limitations
Like all indicators, can produce false signals during choppy or ranging markets
Works best in trending market conditions
Should not be used in isolation for trading decisions
Past performance is not indicative of future results
May require different settings for different markets or instruments
💡 What Makes This Unique
Combines three timeframes in a single visualization without requiring multiple chart windows
Dynamic transparency feature that automatically emphasizes stronger signals
Flexible trend definition methods suitable for different market conditions
Visual system that makes multi-timeframe analysis intuitive and accessible
🔬 How It Works
1. Trend Evaluation:
For each timeframe, the indicator calculates a trend score (+1, -1, or 0) using either:
MA vs Price: Comparing close price to a moving average
RSI: Determining if RSI is above or below 50
2. Score Aggregation:
The three trend scores are combined and then scaled to a range of -100 to +100
A value of +100 indicates all timeframes show bullish conditions
A value of -100 indicates all timeframes show bearish conditions
Values in between indicate varying degrees of alignment
3. Signal Processing:
The raw oscillator value can be smoothed using EMA, SMA, or left unsmoothed
The final value determines line color, fill color, and transparency settings
Threshold levels are applied to identify potential trading opportunities
💡 Note:
The SynchroTrend Oscillator is most effective when used as part of a comprehensive trading strategy that includes proper risk management techniques. For best results, consider using the oscillator in conjunction with support/resistance levels, price action analysis, and other complementary indicators that align with your trading style.
Saral TrendSaral Trend
### Overview
The Saral Trend Indicator is a price-action-based tool designed to measure trend strength dynamically. Unlike traditional trend following indicators that rely solely on moving averages or fixed formulas, Saral Trend integrates Directional Movement, price positioning within the bar range, and volatility-adjusted trend weighting to create a clearer visualization of market momentum. By refining the classic trend following approach, this indicator provides more responsive and adaptive trend analysis across various timeframes.
### Key Features
Trend Histogram: Four types of bars indicate trend strength and momentum.
- Bullish Up: Higher than the previous bar; signals a strong uptrend; Color: Dark Blue.
- Bullish Down: Lower than the previous bar; suggests weakening momentum in an uptrend; Color: Light Blue.
- Bearish Up: Higher than the previous bar; signals a strong downtrend; Color: Dark Red.
- Bullish Down: Lower than the previous bar; suggests weakening momentum in a downtrend; Color: Light Red.
Trend Strength Line: A smoothed reference line that provides additional confirmation of momentum strength.
- When histogram bars are above this line, the trend is strong.
- When they fall below, momentum weakens.
Trend Pause Dots: Appear when the trend shows signs of temporary exhaustion, suggesting a possible short-term pause or reversal.
- A bullish pause dot on a bearish bar indicates a temporary halt in an uptrend before continuation or a reversal.
- A bearish pause dot on a bullish bar indicates a temporary halt in a downtrend before continuation or a reversal.
Oscillator Functionality: No fixed upper limit, but extreme bar values (e.g., above 100) suggest overbought or oversold conditions.
### Calculation Methodology
Analyzing Price Movement:
- The indicator calculates the difference between the highest and lowest prices over a period to determine price movement.
- It smooths these values using an Exponential Moving Average (EMA) to filter out short-term noise.
Identifying Trend:
- It compares the current high and low prices with their moving averages to determine whether the market is trending up or down.
- If the high price moves further from its average compared to the low price, it indicates bullish strength. Conversely, if the low price moves further from its average compared to high price, it signals bearish strength.
Evaluating Closing Price Position:
- The indicator analyzes where the closing price is within the high-low range.
- If the closing price is near the high, bullish strength is emphasized. If it is near the low, bearish strength is given more weight.
Measuring Trend Strength:
- The indicator applies volatility based smoothing techniques to measure positive and negative trend strength separately.
- A higher positive trend value suggests strong buying pressure, while a higher negative trend value indicates strong selling pressure.
- A dynamic smoothing approach ensures trend signals remain stable while reacting quickly to market shifts.
Visualizing Trend Strength with a Histogram:
- The indicator plots a positive and negative strength in form of histogram to represent the strength and direction of the trend.
- The color of the histogram bars changes based on whether the trend is strengthening or weakening.
- Blue shades indicate bullish trends, while red shades represent bearish trends.
Trend Reversal Detection: A trend pause or potential reversal is identified when the histogram weakens sharply, with dots appearing on bars as early warnings.
### How to Use It
Trend Direction: The colors of the histogram bars provide a visual clue about the ongoing trend - whether it's bullish or bearish - allowing traders to assess market sentiment at a glance.
Trend Confirmation: When histogram bars are consistently above the Trend Strength Line, it indicates strong momentum, confirming trade direction.
Momentum Shifts: A color shift (e.g., from Dark Blue to Light Blue) suggests weakening strength, which could indicate a pullback or reversal.
Reversal Signals: Trend Pause Dots highlight areas where momentum stalls, helping traders prepare for possible reversals or consolidations.
Timeframe Flexibility:
- Long-term traders can use weekly/monthly charts for macro trends.
- Swing traders can use daily/hourly charts to capture medium-term opportunities.
- Day traders can use 15-minute or lower timeframes for precise intraday entries.
### What Makes Saral Trend Unique?
Unlike conventional trend indicators that rely solely on moving averages, Saral Trend improves upon existing methods by:
Integrating price positioning within the range to make trend strength more responsive.
Applying volatility-adjusted trend weighting, ensuring trends are measured dynamically rather than through fixed lookback periods.
Providing multiple visual cues (histogram, strength line, and pause dots) to help traders make informed decisions.
This indicator is optimized for simplicity and efficiency , making it suitable for traders across different styles, from long-term investors to intraday scalpers.
By combining trend structure, momentum shifts, and volatility adaptation , Saral Trend delivers a comprehensive and actionable trend analysis tool for TradingView users.
ICT Breakers (BOS / MSS - Market Structure) [ICTProTools]The Breakers (Market Structure) indicator is designed to help traders identify true breaker structures , a key concept in Inner Circle Trader (ICT) methodology. In market structure, Breakers represent powerful shifts where a key high or low is broken, leading to a reversal in market direction. Most tools misinterpret structure shifts, using internal structure , leading to fake breakouts. This tool solves that problem by filtering out false signals , providing clear & structured insights , all with multi-timeframe compatibility.
💎 Key Features
⚡️ Breakers in action
The indicator shows the structure following ICT instructions. A breaker is defined by two lines:
The first line confirms the previous trend (it could be interpreted as a BOS).
The second line highlights the moment price breaks structure (with candle body or wick based on your chosen settings), signaling a shift in trend direction (like an MSS).
Furthermore, it’s important to note that a breaker not only shows the structure, but also defines a potential Point of Interest (POI), an area where price may retrace before continuing its trend.
Here, we can observe two clear structure shifts.
On the far left, the market was in a bearish trend, illustrated by the first visible (dotted and red) line. Shortly after, the second (solid and green) line appears, showing a break that initiates a new bullish trend.
This upward movement continues, with the last confirmation marked by a top structure line. And finally, the structure is broken once again indicating a transition back into a bearish trend.
💪 Real Structure with True Highs / Lows
Unlike many indicators that detect internal breakouts , this tool follows ICT’s true market structure rules .
In a bearish trend , a bullish breaker is only confirmed when the high that created the low is broken , and conversely for a bullish scenario.
Fake breakouts are ignored, preventing misleading signals.
In the image above, the white breakout is correctly ignored by the indicator, as it doesn't align with ICT’s structural rules. That white high is simply part of the internal structure, not the true swing point. Instead, the green line highlights the key level that truly matters, the one whose rupture would have confirmed a real change in market structure.
🔔 Smart Alerts for Structure Updates
Stay one step ahead with customizable alerts designed to notify you instantly when market structure changes occur.
Get notified for BOS (Continuation) and / or MSS (Breaker) events.
Set alerts for bullish , bearish , or both directions.
Choose between once or repeated alerts , based on your strategy.
This feature allows traders to remain focused and reactive , even when monitoring multiple markets.
In the alert settings, select which structure shifts you want to be notified of. Whether you're a scalper or a swing trader, the alerts keep you connected to key moments without needing to constantly monitor the chart.
⏳ Multi-Timeframe Structure
All features of the indicator are fully compatible with higher timeframes .
Get a broader view of market structure without switching timeframes.
Monitor higher timeframe structures and receive alerts, all without leaving your analysis chart .
In this example, the market structure of the 30m timeframe is displayed while on a 5m chart, providing a clearer perspective.
✨ Customization & User Control
Make it yours! The indicator allows full customization:
Swing bars (to confirm high / low)
Select your mode for Breakers (MSS) , using the candle body only or body / wick
Line style (type, width, color)
Choice of displayed timeframe
Activate any alert , with the frequency you want
🎯 Conclusion
✅ Avoid false signals by focusing on true ICT Breakers
✅ Smart alerts to never miss a structural shift
✅ Multi-timeframe support for enhanced analysis
✅ Clean & professional design for an optimal trading experience
Original Gann Swing Chart Rules [AlgoFuego]🔵 Original Gann Swing Chart Rules
An advanced indicator built on W.D. Gann’s original rules, enhanced with innovative mechanical trend-following methods.
🔹 Description
This indicator functions by balancing short-term adaptability with long-term trend analysis.
The indicator incorporates Gann’s principles alongside mechanical trend-following techniques to offer a structured method for analyzing trends and detecting potential market reversals.
Golden Rule: Non-trend bars are excluded from analysis, and each new bar is compared with the previous trend bar, it highlights significant swing points with greater clarity.
🔸 The core concept behind the golden rule on which this indicator is built.
The person watching the tide coming, wanting to pinpoint the exact spot that signals the high tide, places a stick in the sand at the points where the incoming waves reach until the stick reaches a position where the waves no longer rise, and eventually recedes enough to show that the tide has shifted.
This method is effective for monitoring and identifying tides and floods in the stock market.
🔸Rule 1: The trend bar is everything.
→It is a bar that forms a new high, low, or both.
🔸Rule 2: The professional traders track new highs and lows.
🔸Rule 3: The hidden bar is nothing.
→It is a bar that does not form a new high, low, or both.
🔸Rule 4: The sea has a wavy nature, and the market as well.
🔸Rule 5: The slope is the immediate direction of the swing.
Downward slope
→The downslope is the descending slope of a swing, shows a decline, reflecting a bearish price trend.
Upward slope
→The upslope is the ascending slope of a swing, shows an incline, reflecting a bullish price trend.
🔸Rule 6: The start and end of the movement are the swing points.
→The lowest or highest price of the last bar in the direction of the slope represents the swing point after the slopes direction changes.
Valley
→It is the lowest price of the last bar in a downslope before the market turns to a upslope.
End=> Downward slope and Start=> Upward slope
Peak
→It is the highest price of the last bar in a upslope before the market turns to an downslope.
End=> Upward slope and Start=> Downward slope
🔸Rule 7: The Golden Rule: Ignore all no-trend bars and compare the new bar with the previous trend bar.
→Applying the golden rule in upward slope
→Applying the golden rule in downward slope
🔸 Related content: Personal words of W.D Gann from the book Wall Street Stock Selector.
→"This was only one month's reaction the same as March 1925. The market held in a dull narrow range for about 2 months while accumulation was taking place and in June the main trend turned up again."
→The beginning of the main trend and the formation of the Valley.
→The beginning of the main trend and the formation of the Peak.
🔸 Rule 8: The Closing Price of the Bar to Understand Movement Direction.
Sequence is important
→ Downward bar
→ Upward bar
🔸 Outside Bar Rules
→Explanation of rules and calculations.
🔸 How does a trend start?
Upward trend
Trend change from Downward to Upward.
Prices must take out the nearest 'Peak' and the Trend was previously Downward.
A breakout above the previous peak signals a bullish reversal.
→ Model 1 - Dropping Valley Reversal
The market forms a dropping valley, followed by a breakout above the previous peak.
→ Model 2 - Equal Valley Reversal
The market forms an equal valley, followed by a breakout above the previous peak.
→ Model 3 - Rising Valley Reversal
The market forms a rising valley, followed by a breakout above the previous peak.
Downward trend
Trend change from Upward to Downward.
Prices must take out the nearest ‘Valley' and the Trend was previously Upward.
A breakdown below the previous valley signals a bearish reversal.
→ Model 1 - Rising Peak Reversal
The market forms a rising peak, followed by a breakdown below the previous valley.
→ Model 2 - Equal Peak Reversal
The market forms an equal peak, followed by a breakdown below the previous valley.
→ Model 3 - Dropping Peak Reversal
The market forms a dropping peak, followed by a breakdown below the previous valley.
🔸 The fractal nature of markets
Rising wave
→ The rising wave is the entire bull market between turning points
High point : When the Main trend turns from upward to downward, the peak of the primary trend is formed.
Dropping wave
→ The Dropping wave is the entire bear market between turning points.
Low point : When the Main trend turns from downward to upward, the primary trend valley is formed.
Fractal nature application.
Everything in one picture.
🔹 Features
Strict adherence to the rules: Follows the Original Gann Swing Chart Rules to detect swing points.
Fractal analysis: Uses trend bars and fractal analysis to identify swing points.
Robust functionality: Engineered to handle complex market conditions with advanced logic.
Custom alerts: Alerts for peak/valley completion, main and primary trend reversals & continuations.
Golden rule application: Filters out non-trend bars by comparing only with the last trend bar.
Reversal & trend detection: Applies eight outside bar rules to detect trend reversals and continuations.
Dynamic customization: Fully customizable settings.
🔹 Settings overview
Fine-tune the indicator to match your unique trading strategy by adjusting trend settings, customizing alerts, and modifying visualization options.
1. Main trend settings
Hide/Show Main trend options: Instantly hide all main trend options (alerts remain separate).
Main trendline display & alerts: Toggle trendline visibility and set alerts for peaks and valleys.
Trendline customization: Adjust styles, colors, and slopes for upward/downward trends.
Peaks & Valleys markers: Show/hide points and customize their color and size.
Opposite Main trend turning points: Enable alerts and modify style, width, color, and offset.
Breakout/Breakdown points: Set alerts and customize their appearance.
2. Primary trend settings
Hide/Show primary trend options: Instantly hide all primary trend options (alerts remain separate).
Primary trendline display & alerts: Toggle trendline visibility and set alerts for peaks and valleys.
Trendline customization: Adjust styles, colors, and slopes for upward/downward trends.
Peaks & Valleys markers: Show/hide points and customize their color and size.
Opposite primary trend turning points: Enable alerts and modify style, width, color, and offset.
Breakout/Breakdown points: Set alerts and customize their appearance.
3. Additional options
Tooltips display: Control tooltip visibility for labels and languages.
Candle/Bar coloring: Customize candle and bar colors based on algorithm-selected trends.
🔸 Additional features
🔹Custom reading of bars.
The arrow represents the direction of the slope, the dot is the type of trend, and the line is the closing price.
🔹 Advanced Moving Average Activator
The Advanced Moving Average Activator, this setting calculates the average closing prices of trend bars only, which are the only bars considered by Gann.
The advantage of this method is that it helps avoid hidden bars that are not accounted for, making the difference more evident in a ranging market. The values are updated only when new highs or lows occur.
Additionally, you can set alerts when the price closes above or below the moving average.
🔹 Bar Counter
After a trend change, you can see exactly when the shift occurred and customize the type of trend you want to track.
For example, by conducting your own research on the assets you trade, based on historical data, you might discover valuable insights, such as the primary trend possibly lasting longer than 20 bars!
You can use these insights to refine your trading strategy and make more data-driven decisions.
🔹 How to use
Step 1: Configure the settings and choose your trading approach
Adjust the indicator settings to match your trading style and market conditions.
Effectively using the indicator starts with selecting your preferred trading style.
You can trade in alignment with the primary trend, capitalize on market reversals, or take advantage of breakouts.
Trading with the primary trend: Best for traders who prefer longer-term positions with higher stability.
Trading reversals: Ideal for those looking to enter at potential turning points but requires additional confirmation.
Trading breakouts: Suitable for traders targeting strong price movements after key level breakouts.
Adapting to market volatility: Monitor changing volatility and adjust your strategy accordingly for optimal results.
Step 2: Analyze the chart
Apply the indicator to your TradingView chart and interpret swing signals for informed decisions.
Carefully study the chart patterns to detect subtle signals.
Check if similar signals worked well in past market conditions.
Use multi-timeframe analysis for a broader perspective.
Step 3: Trade with the primary trend
Utilize trend direction to align trades with prevailing market movements.
Always trade in the direction of the primary trend.
Confirm the trend direction using multiple indicators or by relying on the primary trend as confirmation!.
Avoid trading against strong market momentum.
Step 4: Identify entry signals
Use indicator signals to identify ideal trade entry points.
Look for confirmation before entering a trade.
Wait for clear signals to avoid false entries.
Practice on a demo account to build confidence in your entry strategy.
Step 5: Apply risk management
Define stop-loss and take-profit levels to protect your capital effectively.
Set stop-loss orders at strategic levels to limit potential losses.
Risk only a small percentage of your capital per trade.
Adjust risk levels based on your overall portfolio performance.
Step 6: Confirm with trend analysis
Validate trends using additional indicators for a higher probability of success.
Use complementary tools to confirm trend direction.
Monitor trend changes to adjust your strategy promptly.
Keep an eye on volume indicators for added confirmation.
Step 7: Execute the trade
Enter trades based on confirmed signals and predefined strategy rules.
Ensure all your criteria are met before executing a trade.
Stay disciplined and stick to your strategy.
Review market conditions right before execution.
Step 8: Monitor the trade
Track trade performance and make adjustments as necessary.
Keep an eye on market conditions throughout the trade.
Be ready to adjust your strategy if unexpected events occur.
Use trailing stops to secure profits while allowing for gains.
Step 9: Implement exit strategy
Close trades strategically based on your pre-established exit plan.
Plan your exit strategy in advance and adhere to it.
Consider partial exits to secure profits along the way.
Avoid emotional decisions when closing trades.
Step 10: Review performance
Analyze past trades to continuously refine and improve your strategy.
Regularly review and document your trades for insights.
Identify patterns in both your successes and mistakes.
Update your strategy based on comprehensive performance reviews.
🔹 Disclosure
While this script is useful and provides insight into market tops, bottoms, and trend trading, it's critical to understand that past performance is not necessarily indicative of future results and there are many more factors that go into being a profitable trader.
Diamond PatternDiamond Pattern Indicator
This indicator is designed to detect the Diamond Pattern, a technical formation that often signals potential trend reversals. The diamond pattern can lead to strong price movements, making it a valuable tool for traders.
Features:
✅ Automatic Detection – Identifies diamond patterns on the chart.
✅ Trend Reversal Signals – Highlights potential price direction changes.
✅ Multi-Timeframe Compatibility – Works across all timeframes.
✅ User-Friendly – Simple to use with no complex settings required.
How to Use:
1. Add the indicator to your chart.
2. Monitor for the formation of a Diamond Pattern.
3. Use the breakout direction to guide your trading decisions.
HOD/LOD/PMH/PML/PDH/PDL Strategy by @tradingbauhaus This script is a trading strategy @tradingbauhaus designed to trade based on key price levels, such as the High of Day (HOD), Low of Day (LOD), Premarket High (PMH), Premarket Low (PML), Previous Day High (PDH), and Previous Day Low (PDL). Below, I’ll explain in detail what the script does:
Core Functionality of the Script:
Calculates Key Price Levels:
HOD (High of Day): The highest price of the current day.
LOD (Low of Day): The lowest price of the current day.
PMH (Premarket High): The highest price during the premarket session (before the market opens).
PML (Premarket Low): The lowest price during the premarket session.
PDH (Previous Day High): The highest price of the previous day.
PDL (Previous Day Low): The lowest price of the previous day.
Draws Horizontal Lines on the Chart:
Plots horizontal lines on the chart for each key level (HOD, LOD, PMH, PML, PDH, PDL) with specific colors for easy visual identification.
Defines Entry and Exit Rules:
Long Entry (Buy): If the price crosses above the PMH (Premarket High) or the PDH (Previous Day High).
Short Entry (Sell): If the price crosses below the PML (Premarket Low) or the PDL (Previous Day Low).
Long Exit: If the price reaches the HOD (High of Day) during a long position.
Short Exit: If the price reaches the LOD (Low of Day) during a short position.
How the Script Works Step by Step:
Calculates Key Levels:
Uses the request.security function to fetch the HOD and LOD of the current day, as well as the highs and lows of the previous day (PDH and PDL).
Calculates the PMH and PML during the premarket session (before 9:30 AM).
Plots Levels on the Chart:
Uses the plot function to draw horizontal lines on the chart representing the key levels (HOD, LOD, PMH, PML, PDH, PDL).
Each level has a specific color for easy identification:
HOD: White.
LOD: Purple.
PDH: Orange.
PDL: Blue.
PMH: Green.
PML: Red.
Defines Trading Rules:
Uses conditions with ta.crossover and ta.crossunder to detect when the price crosses key levels.
Long Entry: If the price crosses above the PMH or PDH, a long position (buy) is opened.
Short Entry: If the price crosses below the PML or PDL, a short position (sell) is opened.
Long Exit: If the price reaches the HOD during a long position, the position is closed.
Short Exit: If the price reaches the LOD during a short position, the position is closed.
Executes Orders Automatically:
Uses the strategy.entry and strategy.close functions to open and close positions automatically based on the defined rules.
Advantages of This Strategy:
Based on Key Levels: Uses important price levels that often act as support and resistance.
Easy to Visualize: Horizontal lines on the chart make it easy to identify levels.
Automated: Entries and exits are executed automatically based on the defined rules.
Limitations of This Strategy:
Dependent on Volatility: Works best in markets with significant price movements.
False Crosses: There may be false crosses that generate incorrect signals.
No Advanced Risk Management: Does not include dynamic stop-loss or take-profit mechanisms.
How to Improve the Strategy:
Add Stop-Loss and Take-Profit: To limit losses and lock in profits.
Filter Signals with Indicators: Use RSI, MACD, or other indicators to confirm signals.
Optimize Levels: Adjust key levels based on the asset’s behavior.
In summary, this script is a trading strategy that operates based on key price levels, such as HOD, LOD, PMH, PML, PDH, and PDL. It is useful for traders who want to trade based on significant support and resistance levels.
Linear Regression Channel [TradingFinder] Existing Trend Line🔵 Introduction
The Linear Regression Channel indicator is one of the technical analysis tool, widely used to identify support, resistance, and analyze upward and downward trends.
The Linear Regression Channel comprises five main components : the midline, representing the linear regression line, and the support and resistance lines, which are calculated based on the distance from the midline using either standard deviation or ATR.
This indicator leverages linear regression to forecast price changes based on historical data and encapsulates price movements within a price channel.
The upper and lower lines of the channel, which define resistance and support levels, assist traders in pinpointing entry and exit points, ultimately aiding better trading decisions.
When prices approach these channel lines, the likelihood of interaction with support or resistance levels increases, and breaking through these lines may signal a price reversal or continuation.
Due to its precision in identifying price trends, analyzing trend reversals, and determining key price levels, the Linear Regression Channel indicator is widely regarded as a reliable tool across financial markets such as Forex, stocks, and cryptocurrencies.
🔵 How to Use
🟣 Identifying Entry Signals
One of the primary uses of this indicator is recognizing buy signals. The lower channel line acts as a support level, and when the price nears this line, the likelihood of an upward reversal increases.
In an uptrend : When the price approaches the lower channel line and signs of upward reversal (e.g., reversal candlesticks or high trading volume) are observed, it is considered a buy signal.
In a downtrend : If the price breaks the lower channel line and subsequently re-enters the channel, it may signal a trend change, offering a buying opportunity.
🟣 Identifying Exit Signals
The Linear Regression Channel is also used to identify sell signals. The upper channel line generally acts as a resistance level, and when the price approaches this line, the likelihood of a price decrease increases.
In an uptrend : Approaching the upper channel line and observing weakness in the uptrend (e.g., declining volume or reversal patterns) indicates a sell signal.
In a downtrend : When the price reaches the upper channel line and reverses downward, this is considered a signal to exit trades.
🟣 Analyzing Channel Breakouts
The Linear Regression Channel allows traders to identify price breakouts as strong signals of potential trend changes.
Breaking the upper channel line : Indicates buyer strength and the likelihood of a continued uptrend, often accompanied by increased trading volume.
Breaking the lower channel line : Suggests seller dominance and the possibility of a continued downtrend, providing a strong sell signal.
🟣 Mean Reversion Analysis
A key concept in using the Linear Regression Channel is the tendency for prices to revert to the midline of the channel, which acts as a dynamic moving average, reflecting the price's equilibrium over time.
In uptrends : Significant deviations from the midline increase the likelihood of a price retracement toward the midline.
In downtrends : When prices deviate considerably from the midline, a return toward the midline can be used to identify potential reversal points.
🔵 Settings
🟣 Time Frame
The time frame setting enables users to view higher time frame data on a lower time frame chart. This feature is especially useful for traders employing multi-time frame analysis.
🟣 Regression Type
Standard : Utilizes classical linear regression to draw the midline and channel lines.
Advanced : Produces similar results to the standard method but may provide slightly different alignment on the chart.
🟣 Scaling Type
Standard Deviation : Suitable for markets with stable volatility.
ATR (Average True Range) : Ideal for markets with higher volatility.
🟣 Scaling Coefficients
Larger coefficients create broader channels for broader trend analysis.
Smaller coefficients produce tighter channels for precision analysis.
🟣 Channel Extension
None : No extension.
Left: Extends lines to the left to analyze historical trends.
Right : Extends lines to the right for future predictions.
Both : Extends lines in both directions.
🔵 Conclusion
The Linear Regression Channel indicator is a versatile and powerful tool in technical analysis, providing traders with support, resistance, and midline insights to better understand price behavior. Its advanced settings, including time frame selection, regression type, scaling options, and customizable coefficients, allow for tailored and precise analysis.
One of its standout advantages is its ability to support multi-time frame analysis, enabling traders to view higher time frame data within a lower time frame context. The option to use scaling methods like ATR or standard deviation further enhances its adaptability to markets with varying volatility.
Designed to identify entry and exit signals, analyze mean reversion, and assess channel breakouts, this indicator is suitable for a wide range of markets, including Forex, stocks, and cryptocurrencies. By incorporating this tool into your trading strategy, you can make more informed decisions and improve the accuracy of your market predictions.
GP - SRSI ChannelGP - SRSI Channel Indicator
The GP - SRSI Channel is a channel indicator derived from the Stochastic RSI (SRSI) oscillator. It combines SRSI data from multiple timeframes to analyze minimum, maximum, and closing values, forming a channel based on these calculations. The goal is to identify overbought and oversold zones with color coding and highlight potential trading opportunities by indicating trend reversal points.
How It Works
SRSI Calculation: The indicator calculates the Stochastic RSI values using open, high, low, and close prices from the selected timeframes.
Channel Creation: Minimum and maximum values derived from these calculations are combined across multiple timeframes. The midpoint is calculated as the average of these values.
Color Coding: Zones within the channel are color-coded with a gradient from red to green based on the ratios. Green zones typically indicate selling opportunities, while red zones suggest buying opportunities.
Visual Elements:
The channel boundaries (min/max) are displayed as lines.
Overbought/oversold regions (95-100 and 0-5) are highlighted with shaded areas.
Additional explanatory labels are placed on key levels to guide users.
How to Use
Trading Strategy: This indicator can be used for both trend following and identifying reversal points. Selling opportunities can be evaluated when the channel reaches the upper green zone, while buying opportunities can be considered in the lower red zone.
Timeframe Selection: Users can analyze multiple timeframes simultaneously to gain a broader perspective.
Customization: RSI and Stochastic RSI parameters are adjustable, allowing users to tailor the indicator to their trading strategies.
Important Note
This indicator is for informational purposes only and should not be used as a sole basis for trading decisions. Please validate the results of the indicator with your own analysis.
Support & Resistance AI LevelScopeSupport & Resistance AI LevelScope
Support & Resistance AI LevelScope is an advanced, AI-driven tool that automatically detects and highlights key support and resistance levels on your chart. This indicator leverages smart algorithms to pinpoint the most impactful levels, providing traders with a precise, real-time view of critical price boundaries. Save time and enhance your trading edge with effortless, intelligent support and resistance identification.
Key Features:
AI-Powered Level Detection: The LevelScope algorithm continuously analyzes price action, dynamically plotting support and resistance levels based on recent highs and lows across your chosen timeframe.
Sensitivity Control: Customize the sensitivity to display either major levels for a macro view or more frequent levels for detailed intraday analysis. Easily adjust to suit any trading style or market condition.
Level Strength Differentiation: Instantly recognize the strength of each level with visual cues based on how often price has touched each one. Stronger levels are emphasized, highlighting areas with higher significance, while weaker levels are marked subtly.
Customizable Visuals: Tailor the look of your chart with customizable color schemes and line thickness options for strong and weak levels, ensuring clear visibility without clutter.
Proximity Alerts: Receive alerts when price approaches key support or resistance, giving you a heads-up for potential market reactions and trading opportunities.
Who It’s For:
Whether you're a day trader, swing trader, or just want a quick, AI-driven way to identify high-probability levels on your chart, Support & Resistance AI LevelScope is designed to keep you focused and informed. This indicator is the perfect addition to any trader’s toolkit, empowering you to make more confident, data-backed trading decisions with ease.
Upgrade your analysis with AI-powered support and resistance—no more manual lines, only smart levels!
70% rule strength/trend/reversalThis indicator tells you which candle closed strong for the day by identifying if the price closed above 70% of the candle's total height. this can help you identify reversals/new trends/ renewed strength in the current trend.
The indicator colors such candle green and if the candle closes with increase in price by 5% or higher then marks an asterisk under the candle.
HOPE THIS HELPS
WillStop Pro [tradeviZion]WillStop Pro : A Step-by-Step Guide for Beginners to Master Trend Trading
Welcome to an in-depth guide to the WillStop Pro indicator. This article will walk you through the key features, how to use them effectively, and how this tool can help you navigate the markets confidently. WillStop Pro is based on principles established by Larry Williams, a well-known figure in trading, and aims to help you manage trades more effectively without overcomplicating things.
This guide will help you understand the basics of the WillStop Pro indicator, how to interpret its signals, and how to use it step-by-step to manage risk and identify opportunities in your trading journey. We will also cover the underlying logic and calculations for advanced users interested in more details.
What is the WillStop Pro Indicator?
The WillStop Pro indicator is a user-friendly tool that helps traders establish stop levels dynamically. It helps you figure out optimal points to enter or exit trades, while managing risk effectively during changing market conditions. The indicator tracks trending markets and sets price levels as stops for ongoing trades, making it suitable both for deciding when to enter and exit trades.
The indicator is beginner-friendly because it simplifies complex calculations and presents the results visually. This allows traders to focus more on their decision-making process instead of spending time with complex analysis.
WillStop Pro adapts to different market conditions, whether you're trading stocks, forex, commodities, or cryptocurrencies. It adjusts stop levels dynamically based on current market momentum, providing a practical way to manage both risk and reward.
Another significant benefit of WillStop Pro is that it works well with other indicators. Beginners can use it on its own or combine it with other tools like moving averages or oscillators to form a comprehensive trading strategy. Whether you are trading daily or looking at longer-term trends, WillStop Pro helps you manage your trades effectively.
Key Features of WillStop Pro
Dynamic Stop Levels : WillStop Pro calculates real-time stop levels for both long (buy) and short (sell) positions. This helps you protect your profits and reduce risk. The stop levels adjust based on the current market environment, making them more adaptable compared to fixed stop levels.
Advanced Stop Settings : There are optional settings to make the stop calculations more advanced, which take into consideration previous price movements to refine where the stops should be placed. These settings provide more precise control over your trades.
Break Signals and Alerts : The indicator provides visual signals, like arrows, to show when a stop level has been broken. This makes it easier for you to identify possible reversals and understand when the market direction is changing.
Comprehensive Table Display : A small table on the chart shows the current trend, the stop level, and whether advanced mode is active. This simple display provides an overview of the market, making decision-making easier.
Based on Larry Williams' Methodology : WillStop Pro builds upon Larry Williams' ideas, which are designed to capture major market trends while managing risk effectively. It provides a systematic way to follow these strategies without requiring deep technical analysis skills.
How Are Stop Levels Calculated? (For Advanced Users)
The WillStop Pro indicator determines stop levels by evaluating highs, lows, and closing prices over a specific lookback period. It uses this information to identify key points that justify adjusting your stop level, and there are separate approaches for both long and short positions.
Below, we explain the mathematical logic behind the stop calculations, along with some code snippets to give advanced users a clearer understanding.
For Long Stops (buy positions): The indicator looks for the highest closing price within the lookback period and continues until it finds three valid bars that meet certain criteria. Stops are adjusted to skip bars that have consecutive upward closes to ensure that the stop is placed at a level that offers solid support. Specifically, the function iterates over recent bars to determine the highest closing value, and checks for specific conditions before finalizing the stop level. Here is an excerpt of the relevant code:
getTrueLow(idx) => math.min(low , close )
findStopLevels() =>
float highestClose = close
int highestCloseIndex = 0
for i = 0 to lookback
if close > highestClose
highestClose := close
highestCloseIndex := i
// Logic to adjust based on up close skipping
int longCount = 0
int longCurrentIndex = highestCloseIndex
while longCount < 3 and longCurrentIndex < 100
if not isInsideBar(longCurrentIndex)
longCount += 1
longCurrentIndex += 1
// Determine the lowest low for the stop level
float longStopLevel = high * 2
for i = searchIndex to highestCloseIndex
longStopLevel := math.min(longStopLevel, getTrueLow(i))
// Apply offset
longStopLevel := longStopLevel - (offsetTicks * tickSize)
In this code snippet, the function findStopLevels() calculates the long stop level by first identifying the highest close within the lookback period and then finding a suitable support level while skipping certain conditions, such as inside bars or consecutive upward closes. Finally, the user-defined offset ( offsetTicks ) is applied to determine the stop level.
For Short Stops (sell positions): Similarly, the indicator finds the lowest closing price within the lookback period and then identifies three bars that fit the conditions for a short stop. It avoids using bars with consecutive down closes to help find a more robust resistance level. Here's a relevant code snippet:
getTrueHigh(idx) => math.max(high , close )
findStopLevels() =>
float lowestClose = close
int lowestCloseIndex = 0
for i = 0 to lookback
if close < lowestClose
lowestClose := close
lowestCloseIndex := i
// Logic to adjust based on down close skipping
int shortCount = 0
int shortCurrentIndex = lowestCloseIndex
while shortCount < 3 and shortCurrentIndex < 100
if not isInsideBar(shortCurrentIndex)
shortCount += 1
shortCurrentIndex += 1
// Determine the highest high for the stop level
float shortStopLevel = 0
for i = searchIndex to lowestCloseIndex
shortStopLevel := math.max(shortStopLevel, getTrueHigh(i))
// Apply offset
shortStopLevel := shortStopLevel + (offsetTicks * tickSize)
Here, findStopLevels() calculates the short stop level by finding the lowest closing price within the lookback period. It then determines the highest value that acts as a resistance level, excluding bars that do not fit certain criteria.
Volume Confirmation for Alert Accuracy : To further enhance the stop level accuracy, volume is used as a confirmation filter. The average volume (volAvg) is calculated over a 20-period moving average, and alerts are only generated if the volume exceeds a defined threshold (volMultiplier). This ensures that price movements are significant enough to consider as meaningful signals.
volAvg = ta.sma(volume, 20)
isVolumeConfirmed() =>
result = requireVolumeConfirmation ? volume > (volAvg * volMultiplier) : true
result
This additional logic ensures that stop level breaks or adjustments are not triggered during periods of low trading activity, thus enhancing the reliability of the generated signals.
These calculations are at the core of WillStop Pro's ability to determine dynamic stop levels that respond effectively to market movements, helping traders manage risk by placing stops at levels that make sense given historical price and volume data.
How to Identify Opportunities with WillStop Pro
WillStop Pro provides various signals that help you decide when to enter or exit a trade:
When a Stop Level is Broken: If a stop level (support for long positions or resistance for short positions) is broken, it may indicate a reversal. WillStop Pro visually plots arrows whenever a stop level is breached, making it easy for you to see where changes might occur. This feature helps traders identify momentum shifts quickly.
Support and Resistance Levels: The indicator plots support and resistance levels, which show key zones to watch for opportunities. These levels often act as psychological barriers in the market, where price action may either reverse or stall temporarily.
Dynamic State Management: The indicator shifts between long and short states based on price action, providing real-time feedback. This helps traders stick to their trading plan without second-guessing the market.
A major advantage of WillStop Pro is that it responds well to changing market conditions. By identifying when key support or resistance levels break, it allows you to adjust your strategies and react to new opportunities accordingly. Whether the market is trending strongly or staying within a range, WillStop Pro provides valuable information to help guide your trades.
Setting Up Alerts
Alerts are an important feature in trading, especially when you can’t be in front of your charts all the time. WillStop Pro has been enhanced to include flexible alert settings to help you stay on top of your trades without constantly monitoring the charts.
Enable Alerts: There is a master switch to enable or disable all alerts. This way, you can control whether you want to be notified of events at any time.
Alert Frequency: Choose between receiving alerts Once Per Bar or Once Per Bar Close . This helps you manage the frequency of alerts and decide if you need real-time updates or want confirmation after a bar closes.
Break Alerts: These alerts notify you when a stop level has been broken. This can help you catch potential reversals or trading opportunities as soon as they happen.
Strong Break Alerts: Alerts are available for strong breaks, which occur when the price breaks stop levels with confirmation based on additional price, volume, and momentum criteria. These alerts help identify significant shifts in the market.
Level Change Alerts: These alerts tell you whenever a new stop level is calculated, keeping you updated about changes in market dynamics. You can set a Minimum Level Change % to ensure that alerts are only triggered when the stop level changes significantly.
Require Volume Confirmation: You can opt to receive alerts only if the volume is above a certain threshold. This confirmation helps reduce false signals by ensuring that significant price changes are backed by increased trading activity.
Volume Multiplier: The volume multiplier allows you to set a minimum volume requirement that must be met for an alert to trigger. This ensures that alerts are triggered only when there is sufficient trading interest.
Here is a part of the updated alert logic that has been implemented in the indicator:
// Alert on break conditions
if alertsEnabled
if alertOnBreaks
if longStopBroken and isVolumeConfirmed()
alert(createAlertMessage("Support Break - Short Signal", useAdvancedStops), alertFreq)
if shortStopBroken and isVolumeConfirmed()
alert(createAlertMessage("Resistance Break - Long Signal", useAdvancedStops), alertFreq)
// Strong break alerts
if alertOnStrongBreaks
if longStopBroken and isStrongBreak(false)
alert(createAlertMessage("Strong Support Break - Short Signal", useAdvancedStops), alertFreq)
if shortStopBroken and isStrongBreak(true)
alert(createAlertMessage("Strong Resistance Break - Long Signal", useAdvancedStops), alertFreq)
// Level change alerts
if alertOnLevelChanges and isSignificantChange() and isVolumeConfirmed()
alert(createAlertMessage("Significant Level Change", useAdvancedStops), alertFreq)
Setting alerts allows you to react to market changes without having to watch the charts constantly. Alerts are particularly helpful if you have other responsibilities and can’t be actively monitoring your trades all day.
Understanding the Table Display
The WillStop Pro indicator provides a status table that gives an overview of the current market state. Here’s what the table shows:
Indicator Status: The table indicates whether the indicator is in a LONG or SHORT state. This helps you quickly understand the market trend.
Stop Level: The active stop level is shown, whether it is acting as support (long) or resistance (short). This is important for knowing where to set your protective stops.
Mode: The table also displays whether the advanced calculation mode is being used. This keeps you informed about how stop levels are being calculated and why they are positioned where they are.
Empowering Messages: The table also includes motivational messages that rotate periodically, such as 'Trade with Clarity, Stop with Precision' and 'Let Winners Run, Cut Losses Short.' These messages are designed to keep you focused, motivated, and disciplined during your trading journey.
The table is simple and easy to follow, helping you maintain discipline in your trading plan. By having all the essential information in one place, the table reduces the need to make quick, emotional decisions and promotes more thoughtful analysis.
Tips for Using WillStop Pro Effectively
Here are some practical ways to make the most of the WillStop Pro indicator:
Start with Default Settings: If you’re new to the indicator, start with the default settings. This will give you an idea of how stop levels are determined and how they adjust to different markets.
Experiment with Advanced Settings: Once you are comfortable, try using the advanced stop settings to see how they refine the stop levels. This can be useful in certain market conditions to improve accuracy.
Use Alerts to Stay Updated: Set up alerts for when a stop level is broken or when new levels are calculated. This helps you take action without constantly watching the chart. Swing traders may find alerts especially helpful for monitoring longer-term moves.
Monitor the Status Table: Keep an eye on the status table to understand the current market condition. Whether the indicator is in a LONG or SHORT state can help you make more informed decisions.
Focus on Risk Management: WillStop Pro is designed to help you manage risk by dynamically adjusting stop levels. Make sure you are using these levels to protect your trades, especially during strong trends or volatile periods.
Acknowledging Larry Williams' Influence
WillStop Pro is inspired by the work of Larry Williams, who described the approach as one of his best trading techniques. His method aims to ride major market trends while reducing the risk of giving back gains during corrections. WillStop Pro builds upon this approach, adding features like advanced stop settings and visual alerts that make it easier to apply in modern markets.
By using WillStop Pro, you are essentially leveraging a well-established trading strategy with additional tools that help improve its effectiveness. The indicator is designed to provide a reliable way to manage trades, stay on top of market conditions, and reduce emotional decision-making.
Conclusion: Why WillStop Pro is Great for Beginners and Advanced Users
The WillStop Pro is a powerful yet easy-to-use tool that helps traders ride trends while managing risk during market corrections. It can be used both for entering and exiting trades, and its visual features make it accessible for those who are new to trading, while the underlying logic appeals to advanced users seeking greater control and understanding.
WillStop Pro is more than just a tool for setting stops. It is a comprehensive solution for managing trades, with features like dynamic stop levels, customizable alerts, and an easy-to-understand status table. This combination of simplicity and advanced features makes it suitable for beginners as well as more experienced traders.
We hope this guide helps you get started with WillStop Pro and improves your trading confidence. Remember to start with the basics, explore the advanced features, and set alerts to stay informed without getting overwhelmed. Whether you’re just beginning or want to simplify your strategy, WillStop Pro is a valuable tool to have in your trading arsenal.
Trading can be challenging, but the right tools make it more manageable. WillStop Pro helps you keep track of market movements, identify opportunities, and manage risk effectively. Give it a try and see how it can improve your trading decisions and help you navigate the markets more efficiently.
By incorporating WillStop Pro into your strategy, you are following a systematic approach that has been refined over time. It’s designed to help you make sense of the markets, plan your trades, and manage your risks with greater clarity and confidence.
Note: Always practice proper risk management and thoroughly test the indicator to ensure it aligns with your trading strategy. Past performance is not indicative of future results.
Trade smarter with TradeVizion—unlock your trading potential today!
The Bar Counter Trend Reversal Strategy [TradeDots]Overview
The Bar Counter Trend Reversal Strategy is designed to identify potential counter-trend reversal points in the market after a series of consecutive rising or falling bars.
By analyzing price movements in conjunction with optional volume confirmation and channel bands (Bollinger Bands or Keltner Channels), this strategy aims to detect overbought or oversold conditions where a trend reversal may occur.
🔹How it Works
Consecutive Price Movements
Rising Bars: The strategy detects when there are a specified number of consecutive rising bars (No. of Rises).
Falling Bars: Similarly, it identifies a specified number of consecutive falling bars (No. of Falls).
Volume Confirmation (Optional)
When enabled, the strategy checks for increasing volume during the consecutive price movements, adding an extra layer of confirmation to the potential reversal signal.
Channel Confirmation (Optional)
Channel Type: Choose between Bollinger Bands ("BB") or Keltner Channels ("KC").
Channel Interaction: The strategy checks if the price interacts with the upper or lower channel lines: For short signals, it looks for price moving above the upper channel line. For long signals, it looks for price moving below the lower channel line.
Customization:
No. of Rises/Falls: Set the number of consecutive bars required to trigger a signal.
Volume Confirmation: Enable or disable volume as a confirmation factor.
Channel Confirmation: Enable or disable channel bands as a confirmation factor.
Channel Settings: Adjust the length and multiplier for the Bollinger Bands or Keltner Channels.
Visual Indicators:
Entry Signals: Triangles plotted on the chart indicate potential entry points:
Green upward triangle for long entries.
Red downward triangle for short entries.
Channel Bands: The upper and lower bands are plotted for visual reference.
Strategy Parameters:
Initial Capital: $10,000.
Position Sizing: 80% of equity per trade.
Commission: 0.01% per trade to simulate realistic trading costs.
🔹Usage
Set up the number of Rises/Falls and choose whether if you want to use channel indicators and volume as the confirmation.
Monitor the chart for triangles indicating potential entry points.
Consider the context of the overall market trend and other technical factors.
Backtesting and Optimization:
Use TradingView's Strategy Tester to evaluate performance.
Adjust parameters to optimize results for different market conditions.
🔹 Considerations and Recommendations
Risk Management:
The strategy does not include built-in stop-loss or take-profit levels. It's recommended to implement your own risk management techniques.
Market Conditions:
Performance may vary in different market environments. Testing and adjustments are advised when applying the strategy to new instruments or timeframes.
No Guarantee of Future Results:
Past performance is not indicative of future results. Always perform due diligence and consider the risks involved in trading.
Adaptive Trend [StabTrading]The Adaptive Trend is a versatile tool designed to help traders stay in trades longer by adapting to real-time market conditions. Based on the Exponential Moving Average (EMA) trend, this indicator automatically adjusts its values according to the flow of money, making it a fully automated and responsive trend-following tool. Traders can use this adaptive trend to maintain positions longer and identify optimal entry and exit points before the trend fully reverses.
💡 Features
EMA-Based Trend - The Adaptive Trend Indicator is grounded in the EMA, providing a reliable foundation for tracking market trends.
Adaptive Values - The indicator’s values change dynamically based on money flow, allowing it to adjust to market conditions automatically.
Designed for Longer Trades - This tool is specifically designed to keep traders in trades for extended periods, maximizing potential profits.
Automated Algorithm - The fully automated nature of this indicator ensures that it adapts without manual intervention, making it user-friendly and efficient.
Pre-Trend Flip Signals - Traders can utilize this indicator to spot entry and exit points before a trend reversal, offering a strategic advantage in trade timing.
📈 How to Use the Adaptive Trend Indicator
The Adaptive Trend Indicator is designed to help traders identify potential entry and exit points by observing the relationship between price and the trend line. Generally, the price should follow the trend line's momentum. However, when the price deviates from the trend line, this indicates a divergence in momentum, signalling a potential trading opportunity.
Monitor the Trend Line - Pay attention to the color and flatness of the trend line. A blue trend line indicates bullish momentum, while a yellow trend line signals bearish momentum. When the trend line starts to flatten, it suggests that the current momentum is weakening. This is the time to watch for price deviations from the trend line as potential trade signals.
🛠️ Usage/Practice
As the downward trend begins to lose momentum, the trend line flattens and shows early signs of money flow moving up. This flattening indicates a potential shift in market sentiment, suggesting that a reversal may be on the horizon.
The trend line changes to blue, indicating a bullish shift in momentum. Since the price is close to the trend line, this serves as a strong confirmation to enter a long trade. The proximity to the trend line offers a favourable risk-to-reward ratio.
The trend line begins to level out, signalling a potential slowdown in momentum. Notice how the price starts to deviate from the trend line. As price rises above the trend line, this presents an opportunity to take partial profits or initiate a covered sell position.
The price briefly dips below the blue trend line, and the trend itself remains flat, indicating the bullish trend’s resilience. As the trend line stays blue, this suggests that the upward momentum remains intact, and the dip may be temporary, offering another potential entry point.
Despite the trend line flattening, the price continues to respect the trend, suggesting that the uptrend has not exhausted itself. This continuation implies that the bullish trend is still likely to persist.
The trend line flips, signalling a clear end to the previous upward trend. This flip is a strong indication that the bullish momentum has been fully exhausted, and a reversal may be in progress. Notice how the price has respected the trend line as it flips.
The trend line has shifted to yellow, signalling downward price action. As the trend begins to flatten and shows signs of moving upward again, traders should wait for the price to cross above the trend line. This crossing could indicate a safer entry point for a sell trade, as the market may still be in a bearish phase.
The price drops sharply below the trend line, but the trend itself remains relatively stable, suggesting that the downward momentum may not be as strong as the price action suggests. This discrepancy signals an opportune moment to take profits and potentially enter a buy position.
The price is not aligning with the trend line, suggesting the market may be trending sideways. The trend currently shows bullish momentum, but it lacks strong upward acceleration, and the price is significantly above the trend line. This weakening momentum indicates a potential area to consider a sell trade. Similar to point 8, the lack of acceleration and the distance from the trend line suggest that the upward movement may be losing strength.
While the trend remains in a downward (yellow) phase, it begins to rise without flipping to blue. This suggests that upward momentum is weak. As the price significantly deviates above the trend line, traders might consider entering a new sell trade, as the upward movement within a downward trend could indicate a temporary correction rather than a full reversal.
🔶 Conclusion
The Adaptive Trend allows traders to maintain their positions longer while providing strategic entry and exit points before trends fully reverse. As part of a comprehensive trading system, this indicator is particularly valuable for those looking to capitalize on subtle shifts in market momentum. By following its guidelines and signals, traders can better align their strategies with market dynamics.
FloWave Oscillator [StabTrading]The FloWave Oscillator is a powerful trading tool designed to identify market trends and reversals by analysing reversal zones based on momentum and fear algorithms.
Serving as the first stage in a comprehensive trading system, it is intentionally straightforward, allowing traders to clearly see potential entry points across all charts and timeframes.
By inputting their own market sentiment, traders can customize the algorithm to align with their trading style. This flexibility helps traders navigate complex market environments with greater precision, whether they are seeking to capitalize on short-term opportunities or ride longer-term trends.
💡 Features
Reversal Zones - The FloWave Oscillator identifies key reversal zones driven by momentum and fear dynamics. Lighter green zones signal the initial stages of a potential reversal, while darker green zones indicate that a trend flip is imminent.
Trading Style Customization - The indicator allows traders to adjust their trading style with sensitivity settings ranging from Very Aggressive to Very Conservative. This flexibility lets traders tailor the indicator to their preferred time horizon—whether they seek to scalp short-term opportunities or capture long-term reversals.
🔥 Sensitivity Settings
Very Aggressive/Aggressive - These settings increase the indicator's sensitivity, generating more frequent signals, ideal for traders focused on short-term gains or those navigating choppy markets.
Neutral - Offers a balanced approach, combining both aggressive and conservative elements. It's a starting point for traders to evaluate performance before adjusting to more specific styles.
Conservative/Very Conservative - These settings reduce signal frequency, focusing on stronger, more reliable reversals. Best suited for long-term traders aiming to minimize risk and avoid premature market entries or exits.
🛠️ Usage/Practice
In the above example we’ll analysis how the indicator accurately predicts both the tops and bottoms of a market cycle.
Top of the Bull Market - The trendline initially shows two light red reversal zones, signalling a potential weakening in the upward momentum. As the trend progresses, a dark red zone emerges, confirming that a more substantial trend reversal to the downside is likely. This sequence provides an early warning, allowing traders to prepare for a possible market shift.
First Bull Signal - In the following phase, the indicator mirrors the previous action but in the opposite direction, identifying a reversal towards the upside. This behaviour demonstrates the indicator's ability to adapt to changing market conditions.
Bottom of the Bear Market - As the market continues its downward trajectory, the indicator presents two dark green reversal zones, highlighting areas where the selling pressure may be easing. These dark green zones offer three distinct opportunities to dollar-cost average (DCA) into the asset, allowing traders to build or enhance their positions during the end of the bear cycle. The indicator’s sensitivity in this phase ensures that traders can navigate the bearish market with confidence.
Continuation of Bull Cycle - In this segment, the indicator does not display any dark green reversal zones, implying that the uptrend remains robust. The absence of these zones suggests that the upward momentum is likely to continue, providing traders with another opportunity to add to their long positions. This scenario underscores the indicator’s capacity to identify when a trend is strong enough to warrant additional investment.
Potential Correction in an Uptrend - A light red zone appears, signalling a possible correction within the ongoing uptrend. However, the absence of a dark red zone indicates that the correction may be minor and that the overall trend is still upward. Traders might view this as a conservative point to take some profits off the table, managing risk while staying aligned with the broader bull market.
Bearish Signal - Eventually, a dark red reversal zone emerges, indicating that the trend has lost its upward momentum. This signal serves as a strong indicator that the uptrend may be concluding, prompting traders to consider exiting their positions or taking a more defensive stance. As the market enters a sideways phase, the trader can switch to a more aggressive trading style, seeking opportunities to scalp within the range while navigating the flat market conditions.
In this example, we demonstrate how to identify scalp trading opportunities by combining the Very Conservative and Very Aggressive settings. The key strategy is to use the Very Conservative trend to confirm the validity of reversal zones identified by the Very Aggressive setting.
The VC trend doesn’t indicate a buy reversal zone, but it shows an upward divergence. This suggests that the reversal buy zone on the VA chart is a potential entry point due to the supportive VC trend.
Multiple sell zones appear on the VA chart, but the VC trend shows a strong and steady uptrend. This suggests that we should wait for confirmation from the VC trend before considering a sell position, as the market is still moving upward strongly.
The VA chart shows several buy zones, but the VC trend indicates a strong downtrend, and no buy zone appears on the conservative setting. This suggests waiting for the next VA buy zone, confirmed by an upward divergence on the VC trend, before entering a trade.
Similar to Point 3 but in the opposite direction, the VA chart shows sell zones, but the VC trend indicates caution. The strategy would be to wait for confirmation from the VC trend before making a move.
🔶Conclusion
When used in conjunction with other indicators like the MeanRevert Matrix, the FloWave Oscillator becomes an integral part of a comprehensive trading system. It helps traders make informed decisions by providing clear signals that are aligned with the current market sentiment and broader economic trends. By following the implementation guidelines and adjusting the indicator settings as market conditions change, traders can effectively enhance their trading performance.
