RedK TrendBeads: 3 x MA Crossover Signal with Preset TemplatesRedK TrendBeads is a super simple 3 x Moving Average Crossover Signal (Long/Short/Break) script that provides a simple and effective way for traders to identify potential trading opportunities. By combining three moving averages and only exposing a simple signal, the script helps filter out noise and focus on the trend and the trade execution.
Background
===========
A 3 x Moving Average Crossover strategy is a popular trading method in technical analysis . It uses the relationship between a fast, medium, and slow moving averages to generate buy or sell signals.
The approach usually utilizes three moving averages to track the average price of a financial instrument over different time periods. By comparing the fast, medium, and slow moving averages, we can generates a signal to trade long or short
If the fast moving average crosses above the medium moving average and the medium moving average is above the slow moving average, we have a probability of an up-trend forming, and we generate a signal to go long. Conversely, if the fast moving average crosses below the medium moving average and the medium moving average is below the slow moving average, we have a probability of a down-trend forming, and we generate a signal to go short. When the moving averages are not in the right order (above or below each other), we have a trend break, usually on consolidation or base forming.
in TrendBeads, the fastest MA is called "Price Proxy MA" and will be used with a relatively short length to represent the price itself - then there are the Fast MA, Slow MA and a Filter MA (usually with the longest/slowest length) which is the main line that will be used to plot the TrendBeads - So the TrendBeads will represent the state of the other 3 Moving Average lines (Proxy, Fast and Slow) and how they are aligned - and it will also be common to use the Filter / Beads line itself as a main filter, i.e., take long positions *only* when the price action is above the Filter MA, and short positions *only* when the price is below the Filter MA.
So what is different with TrendBeads:
=====================================
Simplicity, No Clutter: I put this together to provide a super simple mechanism to track trend on the price chart without so much noise as i also wanted to have other top-chart indicators (like LadderTrader) - so TrendBeads only shows the "beads" on the chart - they act like "traffic lights" with little distracting information - Simplicity here was deliberately part if the idea
Presets, What others are Watching: The other feature I needed was the ability to track price action against "different sets" of Moving Averages quickly - for example, when executing short-term trades, I needed to use Moving Averages with shorter length and want to utilize my RSS_WMA MA type - but when assessing big breakout opportunities, I need to analyze price action against a different set of MA's with (usually) longer length and mainly SMA's (hint, The Minervini template) - This is where the built-in Preset Templates become very useful.
Having these preset templates quickly available (thru the dropdown in indicator settings) provides time saving, convenience and the confidence that we're looking at what other traders are using in their analysis - so not missing out on key-level breakouts or reversals
TrendBeads v1.0 includes the following 5 preset MA templates
======================================================
Preset 1 : RedK_1: 8RSS / 15RSS / 21RSS / 30SMA
Preset 2 : RedK_2: 5WMA / 10SMA / 20SMA / 40SMA
Preset 3 : SWNG_1: 7EMA / 21EMA / 30EMA / 50SMA
Preset 4 : SWNG_2: 10EMA / 21EMA / 50SMA / 100SMA
Preset 5 : SWNG_3: 10EMA / 21EMA / 100SMA / 200SMA
The above presets represent some of the most common sets of MA's traders use in various scenarios (Short-term/day trading, Swing, Long term / growth). Well, except for the first one since it utilizes my own RSS_WMA :) which I use in many charts
I may add some more presets in future.
below chart shows an example of different presets against AAPL for the same time range / window
There's also the ability to manually set different MA source price, MA type and length for each of the 4 MA lines. Supported MA types are SMA , EMA , WMA , HMA and my RSS_WMA
TrendBeads Usage Tips:
=====================
*If you have used any MA crossover (2 lines or 3 lines) on your chart, your should find TradeBeads very easy to use. TrendBeads works the same way except that the signal will show as colored beads on the Filter MA line instead of showing multiple crossing lines .. and that is by design.
* Feel free to expose any or all of the individual MA lines - for example, i find that exposing the Proxy Line helps in quickly finding famous chart patterns ( cup & handle , H&S ..etc)
* Experiment with the different presets depending on the type of trade you're working on (swing, long term growth candidates, day trades..etc)
* Note that in a long trend up (Aqua Beads), usually the first gray + orange sequence will usually act as a "reversal sign" - and are usually not actionable - always look for the "second" color sequence to action/trade .. Same thing for a long trend down -- get used to how the beads change color against the trend changes and play with various timeframes.
* As usual - we should have other indicators that track strength, volume , etc and ensure proper confirmation before trade execution - A good signal is only a small part of a trade - risk management and good trade execution are key to winning.
Hope some fellow traders will find this useful - feel free to leave me any comments or feedback - Good luck!
Trendtrading
Fibonacci Step IndicatorThe Fibonacci Step Indicator assumes irregularity in calculating a moving average. It is measured as the mean of the previous lows and highs situated at Fibonacci past periods. For example, the mean of the lows from 2, 3, 5, 8, etc. periods ago form the Fibonacci step indicator.
The indicator uses the formula for the first twelve Fibonacci numbers on highs and lows so that it creates a moving support/resistance zone. Afterwards, the zone is stabilized by taking the highest highs of the upper indicator and the lowest lows of the lower indicator part.
The indicator is used as a trend following way. It can be compared to the Ichimoku Kinko Hyo cloud (without the future projection). The zone form a support and resistance area. During ranging periods, the market will fluctuate within the area which is a bad time to follow the trend (if any).
Fair Value Gap Oscillator (Expo)█ Overview
The Fair Value Gap Oscillator (Expo) is an indicator based on the concept of Fair Value Gaps. It is a momentum indicator that helps traders identify mispricings in the market over time. The indicator also incorporates volume and volatility to increase its accuracy further. The indicator can be used in both trending and range-bound markets.
FVG occurs when there is an insufficient amount of buyers and sellers in the market for a particular asset. This can cause a sudden and large gap in the asset price, creating an imbalance in the price. This gap can be large enough to prevent traders from entering the market to take advantage of the price discrepancy. This, in turn, leads to a lack of liquidity and further price volatility.
█ How is the Fair Value Gap Oscialltor calculated?
The Fair Value Gap Oscillator is calculated by using historical Fair Value Gapa, volume, and volatility to determine if the market is trading at a discount or premium relative to its historical fair value. It is based on the idea that prices move in fair value cycles and that by looking at the oscillations of FVG data over time, traders can get a deeper insight into how imbalances impact the price over time.
█ Oscillator Trading
Oscillators are technical indicators that are used to measure momentum within a given market. These indicators measure the speed and magnitude of price movements. Traders use oscillators to identify potential entry and exit points in the market. They may look for overbought and oversold conditions, or they may look for divergence between the price of an asset and its oscillator. When these signals are identified, traders can then enter or exit positions accordingly.
█ How to use
It is a momentum indicator that helps traders identify mispricings in the market over time. In addition, the FVG Oscialltor can be used to identify overbought and oversold conditions in the market, as well as trends and leading trend changes.
Trending Indicator
The Fair Value Gap Oscillator can also be used to identify trends in the market. By tracking the FVG over time, investors can identify whether the market is trending up or down.
Leading Indicator
This indicator can be used to identify leading changes in the market’s momentum and price action. It will indicate beforehand when the momentum decreases and a potential trend change is about to come.
Divergences
Leading Indicators are great for identifying divergences. This Fair Value Gap Oscillator is a powerful yet simple tool to spot divergences in the market.
It is important to remember that the Fair Value Gap Oscillator is just one tool in your investment toolbox. It should be used in conjunction with other smart money concept indicators to identify excellent trading opportunities.
█ Indicator Features
Trend FVG
A Trend FVG feature is added to help Trend Traders get a long-term overview of the FVG trend. This feature can be used for the leading FVG calculation to get a predictive FVG trend.
Leading FVG Calculation
The leading calculation makes the Fair Value Gap oscillator sensitive to fair value changes and becomes more leading.
Trend Line
The Trend line feature is a combination of the leading and the long-term trend that can be used as trend confirmation.
-----------------
Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
RSI TREND FILTERRSI TREND Filter on Chart
RSI scaled to fit on chart instead of oscillator, Trend Analysis is easy and Hidden Divergence is revealed using this indicator. This indicator is an aim to reduce confusing RSI Situations. The Oversold and Overbought lines help to determine the price conditions so its easy to avoid Traps.
Oversold and Overbought conditions are marked on Chart to make it useful to confirm a Buy or Sell Signals.
RSI 50 level is plotted with reference to EMA50 and Oversold and Overbought Conditions are calculated accordingly.
Uptrend: RSI Cloud / Candles above RSI 50 Level
Down Trend: RSI Cloud / Candles below RSI 50 Level
Sideways : Candles in the Gray Area above and below RSI 50 Level
Default RSI (14) : is the Candlestick pattern itself
Disclaimer: Use Solely at your own Risk.
TwV Market SignalsSignals Indicator
Summary
This indicator allows traders to have in handy short and long signals and estimate the trend of the market.
The indicator draws Long and Short signals depending on the trend analysis. The indicators also use meaningful colors for traders to be able to visually understand the graphs, such us fillings on EMAs, so the possible trend is represented.
The colors used are light green for bullish, red for bearish, dark green for possible bearish to bullish change and purple for possible bullish to bearish change. These colors are applicable to all fillings and summary box.
How to use this indicator
The use of EMAs 10,20 and 50 draw the medium to long term trends, therefore avoiding signals against the trend. Furthermore the EMAs will advise possible change in trends, specially considering the 10 and 20 cross, considering that crossing the 10,20 and 50, might confirm the change in med to long term trend change of the price. This is completely visual in the chart as it tints green for positive trend and yellow to red for negative trend.
The 200 SMA is included as it also gives better confirmation to the trend, the basics tell that when the EMAs mentioned above are below the 200 SMA then the likelihood for entries in long positions are not the best and vice versa for short.
Therefore, the trader shall filter Long and Short Signals accordingly as this EMAs are not used to send Long and Short signals considering that they confirm the trend in a slow pace and not reactively to the price volatility.
There are two strategies built-in within the indicator:
Strategy 1 – Longer time trades and high volatility handling
The Long and Short Signals are based on 14 and EMAs (by default). This two Mas are used to send signals based on their crossovers as they are way more reactive to the price movement.
Trader shall consider that EMAs are used for higher timeframes, therefore the indicator has the possibility to adjust the EMAs and use SMAs or WMAs instead for one or the two parameters (14 and 21).
WMAs react faster to the price volatility so the trader shall adjust this according to the timeframe being used. (Lower timeframes suggested).
This strategy is used for trades that might keep running for longer periods of times.
For reference on what the SMAs, EMAs and WMAs are, please see below sections in the description.
Strategy 2 - Shorter time trades and unhandled high volatility
The Long and Short Signals are bases on HMA. HMAs (Hull Moving Averages) track the price movement and volatility way faster that SMAs, EMAs and WMAs, therefore as the HMA follow the price quicker, it is intended for short time trades even in higher timeframes.
Scalping is not suggested using this strategy as HMA do not handle high volatility even on higher timeframes.
One of the biggest differences from the first strategy is that there is no more than a single HMA length to work with, which is 24 as default.
HMAs calculation is different to other MAs, therefore combining various HMAs lengths looking for crossovers become trend identification a lot less precise. HMAs are not intended to be used with different length crossovers.
Exit points = The use of Stochastic and VRVP
Stochastic RSI
It is well known that when Stochastic RSI resets when overbought or oversold therefore traders have within a summary box the possibility to check whether the K & D lines in the Stochastic RSI hace crossed over bullish or bearish.
Although the crossover is not mandatory for a change trend, the crossover might be used by the trader to exit a position considering that the price might move on the opposite direction.
Traders shall look at the summary box, where bullish and bearish crossovers are shown, so they evaluate their position exit.
Visible Range Volume Profile
The use of the VRVP is to find support and resistance on the price movements. Although high and lows are used as possible supports and resistances, VRVP shows an area of confluence on the order book, where volume of positions are accumulated and that might act as support or resistance depending on the price direction.
Traders can visually activate the VRVP to see the Point of Control (POC) directly on the chart as a line (similar as how a support or resistance would be drawn). Moreover, traders have the ability to see within the summary box, whether to see if the price is above or below the POC, so they clearly know if it is acting as support or resistance.
Price Direction
Trade the market trend is well know to be used to identify possible price direction. It is important not to confuse the longer time trend drawn by the EMAs with the TTM Trend bar color. The TTM trend colors bars according to the price direction, helping traders not to confuse when a red bar appears on an up trend or green bars on a down trend.
This coloring helps traders not to exit trades based on bar coloring, which might psychologically affect when scalping or short-term trading specially.
Originally, the TTM trend is used considering the ADX in and indicator called TTM Squeeze, where the strength of the movement is measured, therefore although candle colors help with the price direction, ADX provides the trader the ability to see whether the direction is losing momentum and then catch the best possible exit before the direction change.
How to use Summary
1. Receive the Long or Short Signals using strategy 1 or 2, depending on the selected in the main menu of the indicator.
2. Evaluate the trend based on the 10,20, 50 and 200 MAs. Filter the Long and Short signals accordingly.
3. Monitor constantly the TTM Trend and the ADX for the direction and strength of the position entered and review if the momentum is being lost, considering step 4 or other possible reasons that might lead to exiting the position.
4. Once entered to a position evaluate constantly the Stochastic RSI bearish or bullish crossover or POC value on screen or summary box to exit the position.
Terminology basics
Trend indicators
Exponential Moving Average (EMAs): The base indicator is composed of moving averages of 10, 20 and 55 exponential periods, to determine a possible bullish or bearish trend (EMA Crossing)
Simple Moving Average (SMA): The base indicator is composed of a moving average of 200 simple periods, which in conjunction with the EMAs can lead to estimate potential upward or downwards moves, as well as possible resistances. (SMA Positioning)
Weighted moving average (WMA): It is a technical indicator that traders use to generate trade direction and make a long or short position. It assigns greater weighting to recent data points and less weighting on past data points. (WMA Crossing)
Strength and S/R indicators
VPVR (Volume Profile Visible Range): It allows to determine the Point of Control (POC) which is the node with the highest volume profile. This can be used as an important retest point or to calculate potential support and resistance. The POC level is represented with a red dotted line in the graph.
The VPVR is a simplified version of the “TwV Multi-timeframe Dynamic VRVP” that you can find for free use in my profile. This version calculates the main’s timeframe POC and also has the possibility to be fixed range if the trader enables it from the menu. (Dynamic range by default).
ADX (Average Directional Index): The ADX helps the indicator to estimate the strength of the movement, always considering the DI+ and DI- to not go against the trend strength. This is represented as summary text in a table.
/
Exit indicator
Stochastic RSI: It is an indicator used in technical analysis that ranges between zero and a hundred and is created by applying the Stochastic oscillator formula to a set of relative strength index (RSI) values rather than to standard price data. Using RSI values within the Stochastic formula gives traders an idea of whether the current RSI value is overbought or oversold (Exit zones)
/
Summary Panel
This panel allows the trader to have a summary of the current status (bearish or bullish) of some of the most determinant indicators within the strategy. It has the following characteristics:
It is placed on the right bottom side of the chart by the default. Traders can change its position or hidden it through the main menu of the indicator.
Its colors change according to the indicator’s values and constant change for easier detection.
The summary box shows the projection for each of the indicators (Trend, Stochastic, EMA, VPVR and ADX).
The summary box is multi-language (English and Spanish), which can be changes in the main menu of the indicator
Alerts
Within the indicator’s menu, you can set up alerts for all long, short, close long and close short signals, which might come in handy when the trader would like to have notifications on the Trading View website, desktop app or phone apps. Furthermore, there are also signals for possible exit points, which can also be activated from the indicator’s menu.
Flying Dragon Trend IndicatorFlying Dragon Trend Indicator can be used to indicate the trend on all timeframes by finetuning the input settings.
The Flying Dragon Trend family includes both the strategy and the indicator, where the strategy supports of selecting the optimal set of inputs for the indicator in each scenario. Highly recommended to get familiar with the strategy first to get the best out of the indicator.
Flying Dragon Trend plots the trend bands into the ribbon, where the colours indicate the trend of each band. The plotting of the bands can be turned off in the input settings. Based on the user selectable Risk Level the trend pivot indicator is shown for the possible trend pivot when the price crosses the certain moving average line, or at the Lowest risk level all the bands have the same colour. The trend pivot indicator is not shown on the Lowest risk level, but the colour of the trend bands is the indicator instead .
The main idea is to combine two different moving averages to cross each other at the possible trend pivot point, but trying to avoid any short term bounces to affect the trend indication. The ingenuity resides in the combination of selected moving average types, lengths and especially the offsets. The trend bands give visual hint for the user while observing the price interaction with the bands, one could say that when "the Dragon swallows the candles the jaws wide open", then there is high possibility for the pivot. The leading moving average should be fast while the lagging moving average should be, well, lagging behind the leading one. There is Offset selections for each moving average, three for leading one and one for the lagging one, those are where the magic happens. After user has selected preferred moving average types and lengths, by tuning each offset the optimal sweet spot for each timeframe and equity will be found. The default values are good enough starting points for longer (4h and up) timeframes, but shorter timeframes (minutes to hours) require different combination of settings, some hints are provided in tooltips. Basically the slower the "leading" moving average (like HMA75 or HMA115) and quicker the "lagging" moving average (like SMA12 or SMA5) become, the better performance at the Lowest risk level on minute scales. This "reversed" approach at the minute scales is shown also as reversed colour for the "lagging" moving average trend band, which seems to make it work surprisingly well.
The Flying Dragon Trend does not necessarily work well on zig zag and range bounce scenarios without additional finetuning of the input settings to fit the current condition.
Flying Dragon Trend StrategyFlying Dragon Trend Strategy can be used to indicate the trend on all timeframes by finetuning the input settings.
The Flying Dragon Trend family includes both the strategy and the indicator, where the strategy supports of selecting the optimal set of inputs for the indicator in each scenario. Highly recommended to get familiar with the strategy first to get the best out of the indicator.
Flying Dragon Trend plots the trend bands into the ribbon, where the colours indicate the trend of each band. The plotting of the bands can be turned off in the input settings. Based on the user selectable Risk Level the strategy is executed when the price crosses the certain moving average line, or at the Lowest risk level all the bands have the same colour.
The main idea is to combine two different moving averages to cross each other at the possible trend pivot point, but trying to avoid any short term bounces to affect the trend indication. The ingenuity resides in the combination of selected moving average types, lengths and especially the offsets. The trend bands give visual hint for the user while observing the price interaction with the bands, one could say that when "the Dragon swallows the candles the jaws wide open", then there is high possibility for the pivot. The leading moving average should be fast while the lagging moving average should be, well, lagging behind the leading one. There is Offset selections for each moving average, three for leading one and one for the lagging one, those are where the magic happens. After user has selected preferred moving average types and lengths, by tuning each offset the optimal sweet spot for each timeframe and equity will be found. The default values are good enough starting points for longer (4h and up) timeframes, but shorter timeframes (minutes to hours) require different combination of settings, some hints are provided in tooltips. Basically the slower the "leading" moving average (like HMA75 or HMA115) and quicker the "lagging" moving average (like SMA12 or SMA5) become, the better performance at the Lowest risk level on minute scales. This "reversed" approach at the minute scales is shown also as reversed colour for the "lagging" moving average trend band, which seems to make it work surprisingly well.
The Flying Dragon Trend does not necessarily work well on zig zag and range bounce scenarios without additional finetuning of the input settings to fit the current condition.
Strategy direction selector by DashTrader.
Trend Tracer [Cloud] (Expo)█ Overview
The Trend Tracer (Expo) indicator identifies and predicts the future market direction. The cloud is designed to make it easier to see when a market is trending in one direction or another and to help traders identify potential entry and exit points, as well as trend changes. It is a visual representation of the price's momentum, price action, and volatility by using the trend range in a cloud-like pattern. The bigger the cloud, the more momentum the price has.
█ How is the trend tracer cloud calculated?
The primary function used in the code is an extension of traditional single-smoothed moving averages, using a more sophisticated weighting system to reduce the effect of short-term fluctuations and provide a clearer view of the underlying trend. Using this function, we get a unique leading trend tracer while maintaining a robust long-term trend tracer. This allows for more accurate trending signals and helps reduce the amount of noise in the data.
█ Trend Cloud Trading
Trend Cloud Trading is a type of trading based on technical analysis that uses a tool called a trend cloud. A trend cloud is a graphical representation of how a certain asset or instrument is trending over a specific period of time. The trend cloud will highlight areas where there is high volatility, low volatility, and the current trend direction and its strength.
█ How to use
One way of using the indicator is to look for a "cloud break," which is when the cloud turns from red to green (or vice versa) and indicates a change in the trend.
S/R Levels
The Trend Tracer Cloud can be used to find support in a bullish trend and resistance in a bearish trend. If the cloud is sloping downwards in a bearish trend, traders can look for potential resistance levels at the highs of the cloud. Similarly, if the cloud is sloping upwards in a bullish trend, traders can look for potential support levels at the lows of the cloud.
Volatility
The width of the cloud is used to determine if there is high or low volatility.
Strength
The deviation between the leading trend advisor line and the price determines whether a trend is strong or weak. The larger the deviation, the stronger the trend move.
█ Indicator Features
Trend Cloud
It highlights the trending range, current volatility, and trend direction.
Trend Advisor - leading and trending + cloud
The leading trend advisor highlights the short-term trend strength and momentum, while the trending trend advisor highlights the underlying long-term trend.
Trend Tracker
The Trend Tracker is a fast-moving trend-following line that combines long-term and short-term trend characteristics.
Trend Candlesticks
The Bar coloring uses momentum to highlight the current trend direction.
-----------------
Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Market Structure MA Based BOS [liwei666]
🎲 Overview
🎯 This BOS(Break Of Structure) indicator build based on different MA such as EMA/RMA/HMA, it's usually earlier than pivothigh() method
when trend beginning, customer your BOS with 2 parameters now.
🎲 Indicator design logic
🎯 The logic is simple and code looks complex, I‘ll explain core logic but not code details.
1. use close-in EMA's highest/lowest value mark as SWING High/Low when EMA crossover/under,
not use func ta.pivothigh()/ta.pivotlow()
2. once price reaching EMA’s SWING High/Low, draw a line link High/Low to current bar, labled as BOS
3. find regular pattern benefit your trading.
🎲 Settings
🎯 there are 4 input properties in script, 2 properties are meaningful in 'GRP1' another 2 are display config in 'GRP2'.
GRP1
MA_Type: MA type you can choose(EMA/RMA/SMA/HMA), default is 'HMA'.
short_ma_len: MA length of your current timeframe on chart
GRP2
show_short_zz: Show short_ma Zigzag
show_ma_cross_signal: Show ma_cross_signal
🎲 Usage
🎯 BOS signal usually worked fine in high volatility market, low volatility is meaningless.
🎯 We can see that it performs well in trending market of different symbols, and BOS is an opportunity to add positions
BINANCE:BTCUSDTPERP
BINANCE:ETHUSDTPERP
🎯 MA Based signal is earlier than pivothigh()/pivotlow() method when trend beginning. it means higher profit-loss rate.
🎯 any questions or suggestion please comment below.
Additionally, I plan to publish 20 profitable strategies in 2023; indicatior not one of them,
let‘s witness it together!
Hope this indicator will be useful for you :)
enjoy! 🚀🚀🚀
Trend Analysis Ultimate (Zeiierman)█ Overview
Trend Analysis Ultimate (Zeiierman) highlights meaningful pullbacks within active market trends and visualizes them through green and red columns, retracement triangles, and an optional trend-colored background. It is designed to make the distinction between continuation and transition phases clear at a glance while automatically managing dynamic trailing stops, early and partial profit-taking levels, and alert conditions for entries, take-profits, and full exits.
The system adapts to changing market structure in real time, allowing traders to monitor momentum shifts, retracement strength, and phase transitions with precision. By combining structural mapping with adaptive sensitivity controls, it provides a complete framework for identifying where a trend is likely to continue, pause, or reverse.
⚪ Why This One Is Unique
Unlike traditional trend tools that simply color bars or measure moving averages, Trend Analysis Ultimate integrates retracement mapping with trend phase detection. Its framework merges contextual structure analysis (higher highs/lows or lower highs/lows) with dynamic sensitivity controls, identifying both the rhythm and the stress points within a trend.
Through a unified signal logic and adaptive retracement engine, traders can distinguish between normal pullbacks within a trend and retracements that precede reversal — all visualized with intuitive, color-coded accuracy.
█ Main features
⚪ Retracements
A retracement is a temporary move against the prevailing trend. It often signals a pause, potential continuation opportunity, or the early stages of a reversal. In this indicator, green/red retracement columns mark significant pullbacks that frequently precede new local highs/lows, continuation legs, or the end of a trend.
Key concept: Retracements appear at both continuation points and turning points. The trader’s edge is in recognizing whether the pullback is a reset of strength or the first warning that the current trend is losing control.
Bullish Retracement
Bearish Retracement
⚪ Retracements Signals
The Retracement Signals feature highlights the precise moments when a temporary counter-move within a dominant trend shows signs of exhaustion and potential continuation. It converts early momentum shifts into clear bullish or bearish setup signals.
Bullish Retracement Signal
Bearish Retracement Signal
⚪ Trend
The Trend Feature visually defines the current market regime — bullish, bearish, or neutral — by dynamically coloring bars, the indicator background, and the Confirmed Trend Columns in the lower panel. Together, these elements reflect the underlying directional bias detected by the trend engine, providing immediate context for all retracement, continuation, and entry signals.
Green bars, background, and confirmed columns → Active Bullish Trend Phase
Red bars, background, and confirmed columns → Active Bearish Trend Phase
Light or neutral bars → Transition Phase, signaling potential trend change or reduced directional strength.
█ How to Use
⚪ Major Retracements / Pullbacks
Major Bullish Retracements
Step 1: Ask Key Context Questions
When green retracement columns appear in the indicator window, ask yourself:
Are we in a bullish trend? Look for higher highs (HH) and higher lows (HL). Confirm that trendlines are pointing upward.
Is this forming a higher low? Green columns often print during pullbacks, just before price forms a higher low and the uptrend continues.
Is this a healthy correction? If price respects previous structure or the rising trendline, and the green bars begin shrinking, it indicates renewed strength and that the pullback may be ending.
Step 2: Apply Practically
If the answers above are Yes, the retracement likely represents a continuation opportunity.
Confirm an uptrend (HH/HL structure, rising trendlines).
Treat green columns as a pullback zone within that trend.
Watch for confirmation such as:
Rejection candles near support
Break of a short-term downtrend line
Volume confirming renewed buying pressure
Enter once price resumes upward movement, not during the retracement itself.
Major Bearish Retracements
Step 1: Ask Key Context Questions
When red retracement columns appear in the indicator window, ask yourself:
Are we in a bearish trend? Check if lower highs (LH) and lower lows (LL) are forming, and confirm that trendlines are pointing downward.
Is this forming a lower high? Red columns often appear during pullbacks, just before price forms a lower high and the downtrend resumes.
Is this a healthy correction? If price respects prior resistance or a falling trendline, and the red bars begin shrinking, it signals renewed weakness and that the pullback may be ending.
Step 2: Apply Practically
If the answers above are Yes, the retracement likely marks a continuation opportunity in the prevailing downtrend.
Confirm a downtrend (LH/LL structure, falling trendlines).
Treat red columns as a pullback zone within that trend.
Watch for confirmation such as:
Rejection candles near resistance
Break of a short-term uptrend line
Volume confirming renewed selling pressure
Enter once price resumes downward movement, not during the retracement itself.
⚪ Minor Retracements / Pullbacks
Minor retracements represent short, fast counter-moves within an active trend. They often occur as quick pauses or micro-corrections and are best suited for scalping or short-term continuation setups. Always align these signals with the dominant background trend and confirm direction using clear trendlines to stay on the right side of market structure.
Minor Bullish Retracements
When price is in a clear uptrend and a small pullback occurs:
Watch for short sequences of green retracement impulses (▲) or shrinking green columns on the indicator.
Treat these as quick buy-the-dip zones within the larger bullish context.
Look for confirmation from trendline support or a rejection candle before entering.
Minor Bearish Retracements
When price is trending downward and a brief rally appears:
Watch for red retracement impulses (▼) or shrinking red columns indicating weakening upward correction.
Use these as potential short re-entry zones in line with the broader downtrend.
Confirm with rejection at resistance or a break of a short-term uptrend line.
⚪ Retracements Signals
Bullish Signals
Bullish Retracement Signals appear during an active uptrend, typically within retracement phases when the market experiences a short-term pullback against the main trend. These signals are triggered when the retracement shows signs of exhaustion and the indicator detects renewed buying momentum aligned with the broader bullish structure.
They highlight potential continuation points, where the price may resume making higher highs after completing a healthy correction. This setup leverages the natural rhythm of the market — capturing the moment buyers regain control following temporary weakness.
Bearish Signals
Bearish Retracement Signals form during an active downtrend, typically within counter-trend rallies or retracement phases against the dominant bearish direction. They emerge when temporary upward movement loses strength, and the indicator identifies renewed selling pressure aligned with the main trend.
These signals often precede fresh downside continuation — when sellers reassert control and push price toward new lower lows.
⚪ Identifying the End of One Trend and the Start of Another
Every trend eventually runs out of strength. Early signs often look like a normal retracement, a routine pullback within the existing move. But when price fails to attract enough buyers or sellers to continue in the same direction, that retracement can mark the turning point where momentum shifts and a new trend begins.
When price can no longer find support in an uptrend or resistance in a downtrend, it signals exhaustion of the current phase and a possible transition into the opposite direction. The retracement columns highlight these transition zones, areas where one trend may fade and another may start forming.
When they appear, it’s important to ask:
Is the current trend mature? The longer a trend has been running, the greater the likelihood of reversal. If retracement columns show up late in a multi-leg move, treat them as early warnings.
Are there reversal signs forming? Watch for structures like double tops, double bottoms, trendline breaks, or channel violations that suggest the trend’s strength is fading.
By combining retracement columns with a clear understanding of trend structure and price action, traders can better distinguish between healthy pullbacks and the emergence of a new trend.
Bullish Trend Ends
Bearish Trend Ends
█ How It Works
⚪ Trend Phase Architecture
The indicator models directional bias through a continuously adaptive trend-mapping framework. It classifies market states as bullish, bearish, or neutral based on slope polarity and structural persistence.
Calculation: Utilizes layered regression vectors and dynamic range analysis to estimate directional gradients, blending short- and long-term components to maintain stability while remaining responsive to new motion.
⚪ Retracement Detection Engine
Retracement columns quantify counter-movements within the dominant trend, identifying deceleration, pullback depth, and phase overlap. Each bar’s classification reflects the relative strength trend progression.
Calculation: Applies trend-state comparison with phase-weighted averaging to isolate transitional motion. The resulting dual-polar columns (green/red) are normalized to a zero-centered scale for visual symmetry and precision.
⚪ Impulse & Triangle Module
Retracement impulses (▲/▼) represent local acceleration spikes during pullback phases, revealing the moment when opposing momentum reaches statistical significance.
Calculation: Identifies short-term impulse clusters through curvature mapping to isolate localized bursts of directional momentum within the retracement phase.
⚪ Entry & Signal Logic
The entry module fuses retracement data with trend-state validation, filtering signals through contextual structure and confirmation hierarchy. Only qualified impulses aligned with the dominant vector trigger actionable events.
Calculation: Integrates a composite decision function using multi-phase sensitivity weighting, differential smoothing, and state gating to separate impulsive noise from valid continuation momentum.
-----------------
Disclaimer
The content provided in my scripts, indicators, ideas, algorithms, and systems is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a solicitation to buy or sell any financial instruments. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Script pago
Trendly
╭━━━━╮╱╱╱╱╱╱╱╱╭┳╮
┃╭╮╭╮┃╱╱╱╱╱╱╱╱┃┃┃
╰╯┃┃┣┻┳━━┳━╮╭━╯┃┃╭╮╱╭╮
╱╱┃┃┃╭┫┃━┫╭╮┫╭╮┃┃┃┃╱┃┃
╱╱┃┃┃┃┃┃━┫┃┃┃╰╯┃╰┫╰━╯┃
╱╱╰╯╰╯╰━━┻╯╰┻━━┻━┻━╮╭╯
╱╱╱╱╱╱╱╱╱╱╱╱╱╱╱╱╱╭━╯┃
╱╱╱╱╱╱╱╱╱╱╱╱╱╱╱╱╱╰━━╯
About the script:
This script is an easy-to-use trend indicator, which is based on another popular indicator called "Supertrend" . The basic idea is very simple, i.e. to compute Average True Range(ATR) and use that as the basis for trend detection. The key difference lies in a custom trend detection method, that computes trends across different timeframes and projects them in a table view. The script also tries to improve the behaviour of the existing indicator by highlighting flat regions on the chart, indicating sideways market or potential trend reversals.
How to use it:
You can use it just like any other indicator, add it to your chart and start analysing market trends. Results can be interpreted as follows.
Indicator output is currently made up of two main components:
>> Trend Table:
Appears at the bottom right of your screen
Contains trend indicator for 9 different timeframes
Timeframes can be adjusted using indicator settings panel
Green Up Arrow --> Up Trend
Red Down Arrow --> Down Trend
>> Enhanced Supertrend:
Shows up as a line plot on the chart
Green line indicates up trend
Red line indicates down trend
White regions indicates slow moving markets or a potential trend reversal
Indicator can be used on any timeframe, it provides a view of current and historical market trend
Can be used as an indicator for entering/exiting trades
Can be used to build custom trading strategies
Price Filter [AstrideUnicorn]The indicator calculates a fast price filter based on the closing price of the underlying asset. Overall, it is intended to provide a fast, reliable way to detect trend direction and confirm trend strength, using statistical measures of price movements.
The algorithm was adapted from Marcus Schmidberger's (2018) article "High Frequency Trading with the MSCI World ETF". It demeans the price time series using the long-term average and then normalizes it with the long-term standard deviation. The resulting time series is then compared to specified thresholds to determine the trend direction.
HOW TO USE
The indicator surface is colored green if the price is trending upwards and red if the price is trending downwards. If the indicator outline is the opposite color of the indicator surface, it indicates that the price is moving against the trend and the current trend may be losing strength.
If the 'Use threshold' setting is enabled, the indicator will be colored blue if its value is within the range defined by the upper and lower thresholds. This indicates that the price is trending sideways, or that the current trend is losing strength.
SETTNGS
Length - the length of the long-term average used to calculate the price filter. Recommended range 20 - 200. The sensitivity of the indicator increases as the value becomes smaller, allowing it to detect smaller price moves and swings earlier.
Threshold - the threshold value used to detect trend direction.
Use threshold - a boolean (true/false) input that determines whether to use the threshold value for confirmation.
EURUSD COT Trend StrategyThis is a long term/investment type of strategy designed to have a good idea about where the big trend direction is headed.
Its logic, its made entirely on the COT report, mainly from looking into the net non comercial positions aka the speculators.
For bullish trend we look that the difference between long non comercial vs short non comercial is higher than 0
For bearish trend we look that the difference between long non comercial vs short non comercial is lower than 0.
This is mainly as an educational tool, for a full strategy, I recommend implement other things into it, like technical analysis or risk management.
If you have any questions, please let me know !
RSI Divergence Strategywhat is "RSI Divergence Strategy"?
it is a RSI strategy based this indicator:
what it does?
it gives buy or sell signals according to RSI Divergences. it also has different variables such as "take profit", "stop loss" and trailing stop loss.
how it does it?
it uses the "RSI Divergence" indicator to give signal. For detailed information on how it works, you can visit the link above. The quantity of the inputs is proportional to the rsi values. Long trades are directly traded with "RSI" value, while short poses are traded with "100-RSI" value.
How to use it?
The default settings are for scalp strategy but can be used for any type of trading strategy. you can develop different strategies by changing the sections. It is quite simple to use.
RSI length is length of RSİ
source is source of RSİ
RSİ Divergence lenght is length of line on the RSI
The "take profit", "stop" and "trailing stop" parts used in the "buy" group only affect buys. The "sell" group is similarly independent of the variables in the "buy" group.
The "zoom" section is used to enlarge or reduce the indicator. it only changes the appearance, it does not affect the results of the strategy.
RSItrendRSItrend is a trend indicator based on the standard RSI.
The logic of building the indicator: We build a channel based on the RSI extremes. The exit of the RSI from the channel up is the beginning of the uptrend, the exit of the RSI from the channel down is the beginning of the downtrend. In the downtrend, the candles are colored blue, in the uptrend - orange.
Possible use of the indicator:
I recommend using it with heiken ashi
On small timeframes, you can trade using extremes that are easy to determine by the indicator, as shown in the example given.
On the higher timeframes above the day, you can simply buy an orange bar, sell a blue one. Add a few money management techniques and make a profit.
Trend line & pivot level
This script can plot pivot levels and trend lines that are haven't broke out.
In the setting, left and right means how to get the pivot. the pivot will be gotten based on the left candles and the right candles. boxes will be auto deleted after the box was broke.
Important: This is just a beta version, if you find some bug with using this script. Don't hesitate to contact me.
What the future version will have? Might be pattern scanner, multi trend line, levels in different time frame, break out alert, or better key level algorithm. Depends on when I have free time.
The Flower - Multiple Strategy Options in OneStrategy Overview
This strategy code currently includes four separate strategies to be used to either aid in discretionary trading or to be used algorithmically through the third-party system Profitview (profitview.app). Support for Pineconnector for use with MetaTrader 4 is in the works. The strategies have been designed with cryptocurrency trading in mind, however, the fundamentals apply to other assets.
The four strategies currently included are labeled “TSI Cross” (the default setting), “Oscillator Bands”, “Scalping”, and “McG/MA Cross”. Detailed information for each independent strategy can be found below, including sample settings configurations for each. A dropdown menu to select the strategy can be found under the “Strategy Options” set of settings under the Input tab of the strategy settings menu.
Additionally, the option to receive only long or short signals can be found alongside the Strategy Choice menu.
Take profit, stop loss, and trailing percentages are also included, found at the bottom of the Input tab under “TT and TTP” as well as “Stop Loss”. Make sure to understand the TP/SL ratio that you desire before use, as the desired hit rate/profitability percentage will be affected accordingly.
The only visuals associated with the strategy are two McGinley Dynamic lines, red (slow length) and green (fast length). These are relevant to the McGinley Cross strategy, but can be used alongside the other strategies if desired.
When viewing the backtesting data in the TradingView Strategy Tester, ensure that “use bar magnifier” is activated. This option can be found in the Properties tab of the strategy settings menu.
Profitview Settings
If you wish to utilize Profitview’s automation system, find the included “Profitview Settings” under the Input tab of the strategy settings menu. If not, skip this section entirely as it can be left blank. Options will be “OPEN LONG TITLE”, “OPEN SHORT TITLE”, “CLOSE LONG TITLE”, and “CLOSE SHORT TITLE”. If you wished to trade SOL, for example, you would put “SOL LONG”, “SOL SHORT”, “SOL CLOSE LONG”, and “SOL CLOSE SHORT” in these areas. Within your Profitview extension, ensure that your Alerts all match these titles. A sample of our Profitview syntax can be found below.
To set an alert for use with Profitview, go to the “Alerts” tab in TradingView, then create an alert. Make sure that your desired asset and timeframe are currently displayed on your screen when creating the alert. Under the “Condition” option of the alert, select the strategy, then select the expiration time. If using TradingView Premium, this can be open-ended. Otherwise, select your desired expiration time and date. This can be updated whenever desired to ensure the strategy does not expire. Under “Alert actions”, nothing necessarily needs to be selected unless so desired. Leave the “Alert name” option empty. For the “Message”, delete the generated message and replace it with {{strategy.order.alert_message}} and nothing else.
Strategy Choices
As mentioned above, this strategy code contains four separate strategy options. A detailed breakdown of each follows below:
Total Strength Index (TSI) Cross
This strategy option is the default choice. The main signal involved in this strategy is a crossover or crossunder of the TSI value line and TSI signal line, however, there are a few other signals involved in the creation of a long or short entry. In addition to the TSI, the strategy includes an Average Directional Index (ADX) threshold value, Jurik Volatility Bands (JVB), a Stoch RSI threshold, and an oscillator of choice in conjunction with a threshold of 0. This oscillator choice can be selected under the “Signal Options” menu in the Input tab of the strategy settings. The default oscillator is the Detrended Price Oscillator (DPO), though the option for Chande Momentum (CMO) or Rate of Change (RoC) are both viable for this strategy.
Individual settings for these can be found in the Input tab under “Oscillator Settings” (TSI, Stoch RSI, DPO, CMO, ROC), “Band/Channel Settings” (Jurik Volatility Bands Length/Smoothing), and “Directional Settings” (ADX Smoothing Long, DI Length Short, ADX Threshold).
Sample settings for SOLUSDT using the 20M timeframe:
- Oscillator Settings -- DPO Length (21), DPO *not* centered, RSI (Stoch) Length (4), Stochastic Length (4), TSI Long Length (25), TSI Short Length (13), TSI Signal Length (13), K (3), D (3)
- Band/Channel Settings -- Jurik Volatility Bands Length (25), Jurik Volatility Bands Smoothing (5)
- Directional Settings – JVB Price Threshold (0), ADX Smoothing Long (5), DI Length Short (5), ADX Threshold (23)
- Take Profit/Stop Loss – 0.85% TP, 0.005% TTP, 1.3% SL
Oscillator Bands
This strategy involves the usage of bands or channels that use oscillators as a source input. The main signal for this strategy derives from a cross of the band or channel and a hline of 0. Additionally, this includes a “Directional Filter” and a “MA Filter”. The selections for all of these can be found in the “Signal Options” section of the Input tab.
First option is for Oscillator Choice and includes DPO, CMO, ROC, RSI, TSI, and the Jurik price line. The individual settings for these can be found in the “Oscillator Settings” section. Different channels can be selected for the upper or lower bands, though it is not necessary for them to differ. These current options include Bollinger Bands and Jurik Volatility Bands, the individual settings for each found in the “Band/Channel Settings” section. Next is the MA Filter, of which you can select SMA, EMA, SMMA, WMA, VWMA, KAMA, JMA, or McGinley Dynamic. All options for these settings can be found in the “MA Filter Settings” section. Lastly, the Directional Filters can be selected for either direction like the upper/lower band selection. These filters include the ADX, Bull-Bear Power (BBP), Parabolic SAR (PSAR), or Jurik.
Sample settings for WAVESUSDT using the 20M timeframe:
- Oscillator Choice – DPO (Length – 30, uncentered)
- Upper and Lower Band – JVB Upper/Lower (Jurik Volatility Bands Length – 25; Smoothing – 10)
- MA Filter – VWMA – (MA Length – 40; Source – Open)
- Directional Filter – ADX (ADX Smoothing Long – 14; DI Length Short – 5; ADX Threshold – 22)
- Take Profit/Stop Loss – 0.85% TP, 0.005% TTP, 1.3% SL
Scalping
This strategy heavily relies on the usage of Parabolic SAR, accompanied by a “Directional Filter” (as discussed in the previous section) other than PSAR. This strategy can provide a higher frequency of trades as opposed to the other strategies available, however, it comes with slightly higher risk inherently. A riskier take profit/stop loss spread is recommended here, though risk should always be managed. The settings required for this strategy are all found under the “Directional Settings” section of the strategy inputs.
Sample settings for NEARUSDT using the 20M timeframe:
- Directional Filter set to ADX
- Directional Settings – ADX Smoothing Long (5), DI Length Short (5), ADX Threshold (22), PSAR Start Value (0.02), PSAR Increment (0.005), PSAR Max Value (0.15), PSAR Source (Close)
- Take Profit/Stop Loss – 0.75% TP, 0.005% TTP, 1.5% SL
McGinley Cross
This strategy revolves around the crossing of two McGinley Dynamic lines of varying lengths alongside an ADX filter as well as a DPO filter. McGinley is used as opposed to a standard moving average cross strategy as it adjusts for shifts in market speed and can better gauge market trends. The McGinley length settings can be found with the “MA Filter” settings, labeled as Fast Length and Slow Length. The fast length number should be smaller than the slow length.
Sample settings for SOLUSDT using the 20M timeframe:
- Oscillator Settings – DPO Length (30), uncentered
- MA Filter Settings – McGinley Fast Length (4), McGinley Slow Length (21)
- Take Profit/Stop Loss – 0.85% TP, 0.005% TTP, 1.4% SL
Comprehensive Settings List
Date and Time: From date and to date, adjustable for backtesting purposes.
Signal Options:
Oscillator Choices: Chande Momentum Oscillator (CMO), Detrended Price Oscillator (DPO), Rate of Change (ROC), Relative Strength Index (RSI), True Strength Index (TSI), Jurik Volatility Bands Priceline (JVB) – *** for use with TSI Cross or Oscillator Bands strategies only ***
Upper and Lower Band/Channel Choices: Bollinger Bands (BB) or Jurik Volatility Bands (JVB) -- *** for use with Oscillator Bands strategy only ***
MA/McG Filter: SMA, EMA, RMA, WMA, VWMA, Kaufmann MA, Jurik MA, McGinley Dynamic -- *** for use with Oscillator Bands strategy only ***
Directional Filter Long/Short: Average Directional Index (ADX), Bull/Bear Power (BBP), Parabolic SAR (PSAR), Jurik -- *** for use with Oscillator Bands strategy only ***
Profitview Settings: *** For use with ProfitView extension only, otherwise ignore ***
Oscillator Settings: *** For use with TSI Cross, Oscillator Bands, and McGinley Cross strategies ***
CMO Length, CMO Source – for Chande Momentum Oscillator
DPO Length, DPO Centered – for Detrended Price Oscillator
RoC Length, RoC Source – for Rate of Change
RSI Length, RSI MA Length – for Relative Strength Index
RSI (Stoch) Length, Stochastic Length, Stoch RSI Source, K, D – for Stochastic RSI
TSI Long Length, TSI Short Length, TSI Signal Length – for True Strength Index
Band/Channel Settings: *** For use with Oscillator Bands strategy ***
Jurik Volatility Bands Length, Jurik Volatility Bands Smoothing – for Jurik Volatility Bands
Bollinger Band Length, Bollinger Band Multiplier – for Bollinger Bands
Directional Settings: *** For use with Scalping and Oscillator Bands strategies ***
JVB Price Threshold – for Jurik Volatility as a directional setting
ADX Smoothing Long, DI Length Short, ADX Threshold – for Average Directional Index
PSAR Start Value, PSAR Increment, PSAR Max Value, PSAR Source – for Parabolic SAR
MA Filter Settings: *** For use with Oscillator Bands and McGinley Cross strategies ***
McGinley Fast/Slow Length – for McGinley Dynamic
MA Length, MA Source, MA Offset – for any other moving average
TP and TTP / Stop Loss: *** For use with ALL strategies ***
Long/Short Take Profit % -- for standard take profit settings
Enable Trailing, Trailing Take Profit % -- for trailing settings
Stop Loss % -- for standard stop loss settings; trailing can be enabled or disabled for stop loss
Disclaimers:
Some open-source code has been included -- Jurik Volatility Bands (by "ProValueTrader") and Trailing Take Profit/Stop Loss code (by jason5480). Additional code was used from the TradingView built-ins.
These strategies do NOT guarantee future returns. Apply caution in trading regardless of discretionary or algorithmic. Understand the concepts of risk/reward and the intricacies of each strategy choice before utilizing them in your personal trading.
Invites to the strategy will only be disseminated to those with express consent and knowledge of the invite prior to the action itself.
Change of VolatilityOVERVIEW
The Change of Volatility indicator is a technical indicator that gauges the amount of volatility currently present in the market. The purpose of this indicator is to filter out with-trend signals during ranging/non-trending/consolidating conditions.
CONCEPTS
This indicator assists traders in capitalizing on the assumption that trends are more likely to start during periods of high volatility compared to periods of low volatility . This is because high volatility indicates that there are bigger players currently in the market, which is necessary to begin a sustained trending move.
So, to determine whether the current volatility in the market is low, the indicator will grey out all the areas on the chart whose short term standard deviation of volatility is lower than the long term standard deviation of volatility.
If the short term standard deviation of volatility is above the long term standard deviation of volatility, the current volatility in the market is considered high. This would the ideal time to enter a trending trade due to the assumption that trends are more likely to start during these high-volatility periods.
HOW DO I READ THIS INDICATOR
When the histogram is grey, don't take any trend trades since the current volatility is less than the usual volatility experienced in the market.
When the histogram is green, take all valid with-trend trades since the current volatility is greater than the usual volatility experienced in the market.
Swing Oscillator [AstrideUnicorn]The Swing Oscillator is an indicator that can help you catch small price movements, called swings. Swings are minor trends that occur when price moves between the highs and lows of a trend or range. Because of the short-term nature of swings, a new movement should be identified as soon as possible.
The indicator is based on our original formula, which averages the length of candlestick bodies and compares the result to several thresholds. This allows the algorithm to determine the direction and strength of the price movement.
HOW TO USE
When the indicator is above the zero level and colored green, it means that the price is in an upward swing. When the indicator is below the zero level and colored red, the price is in a downward swing. When the indicator is blue, the price swing is slowing down or the market is moving sideways. The amplitude of the oscillator shows the price volatility.
ATR Trend Run - Signals Alerts SL and TP by Tech Store OnThe script uses several ATR formulas for entering/exiting trades, support/resistance lines to take TP1 (take profit 1) and another ATR formula for TP2 (take profit 2). Everything is fully configurable to your preference, and you can back-test it via TradingView. You can also configure the indicator for signals during US trading sessions (with or without power hour), as well as taking profits/stop-loss session time(s), as well as to close a position at the end of the trading session no matter what. Also, you can turn all of that off, so there are no trading session/end of day limits and each trade will run until it either hits SL, TP1, TP1 > back to entry, TP2. Note: indicator is set to skip consecutive/opposite signals, while you currently have a trade open > if you hit a trend – ride it to the end!
For example: If you will be day trading SPY and you wish to close your positions no matter what right before the market closes (3:45PM ET > 15min before closes): Make sure to checkbox “Intraday – Close Position Before Market Closes” in the strategy/indicator Settings, so that you are alerted soon before the market closes, if you wish to continue holding the position – leave this checkbox unchecked.
SL: SL is set to be slightly above/below the signal candle, which is best suited for this strategy.
Strategy Take Profit Approach
While the initial position open and SL hit is always based on a closed candle bar (can’t do otherwise, as otherwise you will have 10s of fake signal alerts), there are 2 ways on trading this strategy in terms of TP1 and TP1 taken > back to Entry, which is based off Alert type.
You can switch this as you like within the indicator settings, “Checked: TP1 taken > back to Entry per Price Touch | Unchecked: per Candle Close”.
Candle Close vs Price Touch: with the Default method - Candle Close for an alert for TP1 or if price comes back to Entry after TP1 is taken will only be triggered once candle bar fully closes crossing the area, while Price Touch will alert when price touches the area before candle bar closes.
For example: your trade is running well, you grab TP1 and the price reverses and hits your trade Entry area. With Price Touch – you are immediately alerted to close your trade with no loss and with TP1 profit. With Candle Close - you will receive an alert only once candle bar fully closes on top of the Entry crossing it backwards, meaning it may lower your TP1 profit or even completely reverse the trade into loss in case it will be a huge candle bar for any reason. However, it may touch the Entry area, looking like the price is reversing, but then continue per initial trade direction, sometimes becoming a trend. So, while Price Touch seem like a more conservative approach, Candle Close can give you much bigger profits if you catch a trend, but you can always change it via the Settings.
Note: TradingView back-testing engine does not have a feature to open/close orders IMMEDIATELY via Price Touch trigger, but only when the candle closes after price touches the scripted area/line/etc., so you for the most accurate results, test your strategy out via Candle Close setting. Otherwise, decide yourself. I personally like more Candle Close since I can test it out via back-testing with the most accurate results.
TP2 is set per Candle Close as often the ATR trailing stop line will be hit and bounced off, so it’s best to wait until candle actually breaks it/closes through it.
Note: If you will be observing the strategy LIVE, during LIVE candle bar movement – it will look weird, like it’s placing an order after order during any trigger – this seem like a TradingView bug, but is only observational, once the candle bar is closed and you refresh TradingView it will all look correct.
Back-Testing
If you wish to do some back-testing, just modify the strategy/indicator Settings:
-----1) STRATEGY: This is for back-testing/experimenting with the script inputs.
----------a. You can setup a start date (date, month, year) from which it will start opening back-test trades, select a position size and select TP1 size, the idea here is to close half (or whatever you choose) portion of the trade once you hit your TP1, then to either close at small profit or to catch a trend and close the second portion of the position long way ahead from Entry, otherwise it will alert you to close the position at TP2, if price comes back to Entry, at reversal signal or at the end of US trading session if the option for it is checked. If you wish to close the whole position at TP1, just enter the same amount for TP1 to match backtest position size. Otherwise you can experiment with TP1 sizing – try it out!
-----2) Feel free to experiment with ATR settings and with S&R Left/Right bars, you may be amazed how results will differ and find some really cool combinations!
-----3) Make sure you select/de-select “Intraday – Close Position Before Market Closes” setting depending on what you are back-testing and on which conditions
-----4) Note: If you wish to do some deep back-testing (1+ years), use the “Deep Backtesting” feature within Strategy Tester on the TradingView as otherwise it may show wrong results or even fail to compute the results
Add the alerts
-----Right-click anywhere on the TradingView chart
-----Click on Add alert
-----Condition: ATR Trend Run - Signals Alerts SL and TP, by Tech Store On
----------o Right underneath the condition click on the drop-down menu and select “alert() function calls only”
-----Expiration time: Whatever you wish
-----Alert actions: Whatever notifications you wish
-----Alert name: DO NOT TOUCH THIS
-----Hit “Create”
-----Note: If you change ANY Settings within the indicator – you must DELETE the current alert and create a new one per steps above, otherwise it will continue triggering alerts per old Settings!
- Note: If you add the alert while the script is currently “In Position” it will not know that. So either wait when there will be no position open at all or close your position partially if the bot opens it twice bigger or so in case per script the bot will think it is already in position.
Note: Because of the slippage and the order processing time between TradingView, AutoView and the Broker (it’s usually about a second or so), it is suggested to not use a timeframe lower than 1min. The script is working really well with 1M/3M/5M/H1/H4 timeframes per my back-testing, but feel free to explore via Strategy Back-testing what’s best for the instrument you wish to trade.
If you wish to try this out for a week or so – please reach out and I will give you access.
Keltner Channel Volatility FilterOVERVIEW
The Keltner Channel Volatility Filter indicator is a technical indicator that gauges the amount of volatility currently present in the market. The purpose of this indicator is to filter out with-trend signals during ranging/non-trending/consolidating conditions.
CONCEPTS
This indicator assists traders in capitalizing on the assumption that trends are more likely to start during periods of high volatility compared to periods of low volatility . This is because high volatility indicates that there are bigger players currently in the market, which is necessary to begin a sustained trending move.
So, to determine whether the current volatility in the market is low, the KCVF will grey out all bars whose average price is within the Keltner Channels.
If the average price breaks out of the Keltner Channels , it is reasonable to assume we are in a high-volatility period. Thus, this is the ideal time to enter a trending trade due to the assumption that trends are more likely to start during these high-volatility periods.
HOW DO I READ THIS INDICATOR
When the candles are greyed out, don't take any trend trades since the current volatility is less than the usual volatility experienced in the market.
When the candles aren't greyed out, take all valid with-trend trades since the current volatility is greater than the usual volatility experienced in the market.
Qube [AstrideUnicorn]Qube is an indicator that shows market regimes. It is able to detect medium and long term trends and ranging markets. If the indicator bars are colored blue and are between the two blue lines, it means that the market is in sideways movement or consolidation. If indicator bars cross the upper boundary and are colored green, it means that the market is in an uptrend. Red bars crossing the lower blue line indicate a downward trend. The red or green columns are further referred as signal bars.
The indicator is based on the normalized momentum oscillator raised to the third power. This is done to increase the sensitivity of the indicator and to emphasize the difference between the market modes.
The indicator can be used in different ways. One of them is determining the trend direction based on the last signal bar. Even if the current indicator bar is blue (showing range or consolidation), the user should consider the longer-term market mode as upward if the last signal bar is green. And vice versa, if the last signal bar is red, the current market bias is downward. One other way to use the indicator is to catch active price impulses, when columns of the same color (red or green) appear consecutively.
Mastering Market Structure"Market structure first, always" - Mr. Anderson aka TrueCrypto28 right before he went on to master Kung-Fu
Understanding and identifying market structure is essential for successful and consistent profitability. No system is perfect, but trading in the direction of the prevailing market structure can reduce the likelihood of being caught severely offsides and can yield trades with tighter invalidations and greater risk-to-reward potential.
This script will automatically identify and plot the following:
Market Structure
Pivot highs and lows using the lookback left and right lengths are analyzed to identify major swing highs and lows to identify the current trading range.
Bullish structure is characterized by a series of higher highs and higher lows.
Bearish Structure is characterized by lower highs and lower lows.
Structure breaks when a bar closes outside the current trading range. Major swing highs and lows will update following these breaks to continue following the current price action
Current market structure bias, bullish or bearish, can be displayed in a table in the location of your choosing.
Structure is fractal, so seeing low time frame structure shift against the high time frame structure can identify the beginning of a pullback. When it realigns with the high timeframe structure, it can identify the beginning of the high time frame trend continuation. You can choose to analyze structure on any timeframe with this script and even add multiple copies of it to your chart each analyzing different a timeframes to easily find high quality trade opportunities.
Fibonacci Levels of the current trading range
These are included to help identify areas of interest for trade execution and profit levels.
We want to buy at a discount and sell at a premium. The "Wholesale Zone" can be considered below the 50% retracement level in bullish structure, or above it in a bearish structure.
When in a bullish structure, "discount" buy opportunities can be found below the 50% retracement level with the expectation of trend continuation.
In a bearish structure, more ideal "premium' sell opportunities can be found above the 50% retracement with the expectation of trend continuation.
Optimal trade entry (OTE) zone, between the 61.8% and 78.6% retracement can offer a great risk-to-reward ratio for execution of a new position in trending environments.
When trading sideways in a range, opening new buy positions near the bottom of the range or new sell positions from the top of the range are preferred. Midrange 50% level commonly sees some reaction and can be used as a primary target with further targets either being the opposite end of the range or lower support levels (see order block section).
Order Blocks
New Bullish and bearish order blocks are created and plotted with every respective market structure break. They identify the price level from which the most recent leg of price action that yielded the structure break began.
In strong trending environments, these levels should continue to support or resist price. They are great areas to look to enter new positions.
Order blocks can also be used as targets for your trades to avoid giving back unrealized profits as price tends to react off of these levels.
To keep your chart clean and the order blocks relevant, an order block will be automatically deleted if price trades through and closes beyond it. Otherwise, printed order blocks will remain on your chart until either it's origin bar is out of TradingView's maximum bar history allowance or their maximum box count allowance.
Pairing these with fibonacci levels, retracements into order blocks that are in the Wholesale Zone or even the OTE zone offer higher probability trades with more favorable risk-to-reward potential.
Swing Failure
Swing failure patterns (SFPs) arise when a candle takes out a swing high or low, but fails to close beyond it.
Again, pairing these with other features of this script like range boundaries, wholesale zones, OTE zones, and order blocks can help traders identify the best times to actually execute their trade as SFPs are commonly seen at points of inflection in price action.
Moving Averages
Up to 4 moving averages from the current time frame are available. MA type and lengths can be adjusted to your preference.
Up to 4 MTF MAs. By Default this is an EMA 200 as it is commonly used for trend identification and support/resistance.
These are included for confluence of trend direction and strength.
They can also act as dynamic support and resistance and so can be useful for trade execution if price bounces or rejects off of them or targets as price may do so when it reaches them.
Additionally, alerts have been coded for the following scenarios:
MS Break alerts will trigger on bar close when a break in market structure has been confirmed.
SFP alerts will trigger on bar close when the swing failure pattern has been confirmed.
Entering OB alerts will trigger as soon as price touches the closest order block.
Entering Wholesale Zone alerts will trigger as soon as price cross the 50% retracement level. This can be used as an early alert to identify assets that have undergone a significant pullback before potential continuation in the direction of the main trend.
Entering OTE Zone alerts will trigger as soon as price crosses into the Optimal Trade Entry zone between the 61.8% and 78.6% retracement.
This script is unique in the way that it tracks market structure, automatically updates as price action continues to develop, presents high quality areas of interest, and SFPs for trend reversal and continuation. Traders will no longer need to constantly monitor their charts or exhaustively update their alerts to find good trade opportunities. This script takes care of all of it automatically. Collectively, all of the included features can be used to build a complete trading system.
