Whale Activity Tracker Enhanced

"Whale Activity Tracker Enhanced: Multi-Timeframe Adaptive Trading Signals"

Description:

The Whale Activity Tracker Enhanced (WAT+) is an innovative, multi-dimensional indicator designed to detect and visualize significant market moves likely driven by large players ("whales"). It combines volume analysis, price action, volatility, and momentum to provide traders with a comprehensive view of potential high-impact market events.

Key Features:
1. Adaptive Volume Spike Detection: Dynamically adjusts to market conditions, identifying unusual volume surges relative to recent activity.
2. Multi-Factor Confirmation: Combines volume spikes with price movements, RSI levels, and volatility measures for higher-probability signals.
3. Liquidity Grab Detection: Identifies potential stop-loss raids and liquidity sweeps through wick-to-body ratio analysis.
4. Customizable Signal Strength: Provides a visual representation of signal intensity, allowing traders to focus on the most significant events.
5. Flexible Timeframe Usage: Optimized settings for both scalp and swing trading, making it versatile across different trading styles.

How It Works:
- Volume Spike Analysis: Compares current volume to a user-defined multiple of the average volume.
- Price Move Threshold: Flags significant percentage price changes to filter out minor fluctuations.
- RSI Integration: Uses RSI to identify potential overbought/oversold conditions coinciding with other signals.
- Volatility Measurement: Incorporates ATR to detect periods of increased market volatility.
- Wick Analysis: Detects potential liquidity grabs by analyzing the ratio of candle wicks to bodies.

Originality:
Unlike standard volume or price action indicators, WAT+ synthesizes multiple market factors to provide a holistic view of potential whale activity. Its adaptive nature and customizable parameters allow it to work across various market conditions and trading styles.

Usage Guide:
1. Scalp Trading Setup:
- Use shorter lookback periods (12-15 bars) and tighter RSI levels (75/25).
- Focus on quick, high-probability trades triggered by volume spikes and price moves.
- Utilize the signal strength indicator for entry confirmation.

2. Swing Trading Setup:
- Extend lookback periods (20-30 bars) and use standard RSI levels (70/30).
- Look for sustained signals over multiple candles for trend confirmation.
- Combine with broader market trend analysis for higher-probability setups.

3. General Tips:
- Use the info panel to analyze the components of each signal.
- Adjust volume and price thresholds based on the specific asset's volatility.
- Combine with support/resistance levels for optimal entry and exit points.

By providing a multi-faceted approach to market analysis, the Whale Activity Tracker Enhanced empowers traders to identify and capitalize on significant market moves across various timeframes and trading styles.

Swing Trading Settings:
General Settings
Lookback Period: 20 to 30 bars. This provides a smoother signal and better context for swing trading.

Volume Spike Multiplier: 2.5 to 3.0. Higher thresholds ensure only significant volume spikes are considered.

Price Move % Threshold: 2.0 to 3.0%. Larger price move thresholds align with swing trading objectives.

RSI Period: 14 to 21. Longer periods smooth out short-term fluctuations.

RSI Overbought/Oversold Levels: 70/30. These levels work well for identifying potential reversals in swing trading.

Signal Detection
Enable Volume Spike Signal: True

Enable Price Move Signal: True

Enable Volatility Signal: True (important for identifying strong trends)

Enable Liquidity Grab Signal: True

Visualization
Show Volume Threshold Line: True

Show Signal Strength: True

Show Info Panel: True (useful for detailed analysis of swing setups)

Colors
Bullish Color: Green

Bearish Color: Red

Liquidity Color: Purple

Additional Parameters
ATR Period: 14 to 20. This helps identify volatility and set stop-loss levels.

Wick-to-Body Ratio: 2.0 or higher. This ensures only significant liquidity grabs are flagged.

Signal Strength Smoothing: 3 to 5 bars for steadier signals.

Scalp Trading:
General Settings
Lookback Period: 12 to 15 bars. This allows for a balance between responsiveness and noise reduction.

Volume Spike Multiplier: 2.0 to 2.2. This setting helps detect significant volume spikes without overreacting to minor fluctuations.

Price Move % Threshold: 1.0 to 1.2%. This captures substantial price movements suitable for scalp trading.

RSI Period: 7 to 9. Shorter periods provide quicker signals, ideal for scalp trading.

RSI Overbought/Oversold Levels: 75/25. Tighter levels help identify potential reversals sooner.

Signal Detection
Enable Volume Spike Signal: True

Enable Price Move Signal: True

Enable Volatility Signal: False (optional, depends on market conditions)

Enable Liquidity Grab Signal: True

Visualization
Show Volume Threshold Line: True

Show Signal Strength: True

Show Info Panel: False (optional, for cleaner charts)

Colors
Bullish Color: Green

Bearish Color: Red

Liquidity Color: Purple

Additional Tips
ATR Period: Keep it around 14 for volatility assessment.

Wick-to-Body Ratio: Adjust to 1.8 or higher for clearer liquidity grabs.

Signal Strength Smoothing: Use 2 to 3 bars for a responsive yet stable signal.