Volume Signal RSIVolume Signal RSI (VSR) Indicator
Overview:
The Volume Signal RSI (VSR) indicator combines traditional RSI analysis with statistically significant volume detection to identify potential reversal points and exhaustion signals in crypto markets. By applying statistical methods to volume analysis, VSR filters out normal market noise and highlights only the most meaningful volume spikes.
Key Features:
- Standard RSI overbought/oversold signals (70/30)
- Statistical volume significance detection using z-scores and p-values
- Exhaustion signals for potential market reversals
- Enhanced alert system with actionable trading context
How to Use This Indicator
Basic Signals:
- RSI Line: The blue line shows the standard RSI value (default period: 14)
- Overbought/Oversold Levels: Standard levels at 70/30 with additional extreme levels at 80/20
- Volume Detection: Small circles appear on the RSI line when statistically significant volume is detected
Trading Signals
1. Oversold Alert (🔴): When RSI crosses below 30
- Indicates potential support area
- Consider for long entries when price shows signs of stabilizing
2. Overbought Alert (🟢): When RSI crosses above 70
- Indicates potential resistance area
- Consider for short entries when price shows signs of topping
3. Bear Exhaustion Signal (⚠️): When bearish volume appears in oversold territory
- Indicates a potential selling climax
- Strong reversal signal when accompanied by positive price action
- Best used for counter-trend entries during downtrends
4. Bull Exhaustion Signal (⚠️): When bullish volume appears in overbought territory
- Indicates a potential buying climax
- Strong reversal signal when accompanied by negative price action
- Best used for counter-trend entries during uptrends
Alert Messages:
Alert messages contain critical information formatted for quick analysis:
- Symbol and timeframe
- Current price and RSI value with direction indicator
- Volume metrics: z-score, deviation percentage, and statistical confidence
- Trading context suggestion
Statistical Methodology:
- Z-Score: Measures how many standard deviations the current volume is from the mean
- P-Value: Statistical measure of significance (lower values = more significant)
- Confidence: Displayed as a percentage (higher = more confidence in the signal)
- Volume Deviation: Percentage above/below the average volume
Best Practices
1. Confirm signals with price action or other indicators
2. Higher timeframes typically produce more reliable signals
3. Use the statistical confidence percentage to gauge signal strength
4. Most powerful signals occur when exhaustion signals coincide with key support/resistance levels and there a quarter or more wick size at top of candle(buying exhaustion) or at bottom of candle (selling exhaustion)
Bottom
MF TimeWaves Predictor: Find future Top and Bottom PivotsThe script allows to predict future pivot tops and bottoms "dates" by studying the chart.
For it, it detects the past pivots and project new ones on the future
It might be useful for swing trading
You might want to enable the "Automatically modify settings" options if you want to use my default settings for different timeframes
Note: It does not offers any prediction for future prices, just dates
Enjoy!
Top G indicator [BigBeluga]Top G Indicator is a straightforward yet powerful tool designed to identify market extremes, helping traders spot potential tops and bottoms effectively.
🔵 Key Features:
High Probability Signals:
𝔾 Label: Indicates high-probability market bottoms based on specific conditions such as low volatility and momentum shifts.
Top Label: Highlights high-probability market tops using key price action dynamics.
Simple Signals for Potential Extremes:
^ (Caret): Marks potential bottom areas with less certainty than 𝔾 labels.
v (Inverted Caret): Signals potential top areas with less certainty than Top labels.
Midline Visualization:
A smoothed midline helps identify the center of the current range, providing additional context for trend and range trading.
Range Highlighting:
Dynamic bands around the highest and lowest points of the selected period, color-coded for easy identification of the market range.
🔵 Usage:
Spot Extremes: Use 𝔾 and Top labels to identify high-probability reversal points for potential entries or exits.
Monitor Potential Reversals: Leverage ^ and v marks for additional signals on potential turning points, especially during range-bound conditions.
Range Analysis: Use the midline and dynamic bands to determine the market's range and its center, aiding in identifying consolidation or breakout scenarios.
Confirmation Tool: Combine this indicator with other tools to confirm reversal or trend continuation setups.
Top G Indicator is a simple yet effective tool for spotting market extremes, designed to assist traders in making timely decisions by identifying potential tops and bottoms with clarity.
Absorption AnalysisThe Absorption Analysis indicator identifies potential market turning points by analyzing volume, price patterns, and market structure across multiple dimensions. It combines traditional technical signals with volume analysis and success rate tracking to provide high-probability reversal opportunities.
Signal Types & Classification
1. Pattern-Based Signals (W-Bottom & M-Top)
**W-Bottom Pattern**
- Pattern Structure:
* Price makes a low below the lower Bollinger Band
* First bounce occurs with price moving higher
* Secondary test forms a higher low
* Final confirmation with bullish close above lower band
- Volume Requirements:
* Must exceed 1.5x the 20-period volume moving average
- Visual Indicators:
* Blue dotted line appears at pattern low
* Line remains until broken by price
* Label shows volume and percentage from baseline
- Success Tracking:
* Pattern stored in historical database
* Success measured by upward price movement
* Historical success rate displayed with signal
**M-Top Pattern**
- Pattern Structure:
* Price makes a high above the upper Bollinger Band
* First pullback occurs with price moving lower
* Secondary push forms a lower high
* Final confirmation with bearish close below upper band
- Volume Requirements:
* Must exceed 1.5x the 20-period volume moving average
- Visual Indicators:
* Orange dotted line appears at pattern high
* Line remains until broken by price
* Label shows volume and percentage from baseline
- Success Tracking:
* Pattern stored in historical database
* Success measured by downward price movement
* Historical success rate displayed with signal
2. Technical Reversals
**Bullish Reversal**
- Entry Conditions:
* Previous candle closes below lower Bollinger Band
* Previous candle must be bearish
* Current candle closes above lower band
* Current candle must be bullish
- Volume Validation:
* Volume must exceed 1.5x 20-period MA
- Visual Markers:
* Green label at reversal point
* Includes volume context
- Trading Implementation:
* Suggests strong buying pressure overcoming selling
* Often marks end of downward price exhaustion
**Bearish Reversal**
- Entry Conditions:
* Previous candle closes above upper Bollinger Band
* Previous candle must be bullish
* Current candle closes below upper band
* Current candle must be bearish
- Volume Validation:
* Volume must exceed 1.5x 20-period MA
- Visual Markers:
* Red label at reversal point
* Includes volume context
- Trading Implementation:
* Suggests strong selling pressure overcoming buying
* Often marks end of upward price exhaustion
3. Volume-Based Reversals
**High Volume Bear to Bull**
- Signal Formation:
* High volume bearish candle (2.5σ above mean)
* Immediately followed by high volume bullish candle
- Market Psychology:
* Shows strong selling being absorbed by buying
* Often indicates institutional accumulation
- Visual Identification:
* Purple "HV Bull" label
* Includes volume statistics
- Trading Context:
* Strong signal for trend reversal
* Most effective at support levels
**High Volume Bull to Bear**
- Signal Formation:
* High volume bullish candle (2.5σ above mean)
* Immediately followed by high volume bearish candle
- Market Psychology:
* Shows strong buying being absorbed by selling
* Often indicates institutional distribution
- Visual Identification:
* Purple "HV Bear" label
* Includes volume statistics
- Trading Context:
* Strong signal for trend reversal
* Most effective at resistance levels
4. Absorption Signals
**Buy Absorption**
- Technical Requirements:
* High volume conditions (2.5σ above mean)
* Spread momentum must be negative
* Fast spread MA below slow spread MA
* Bullish closing candle
- Market Interpretation:
* Indicates buying pressure absorbing selling
* Often precedes upward movement
- Visual Markers:
* Red label with volume context
* Placed at significant price levels
**Sell Absorption**
- Technical Requirements:
* High volume conditions (2.5σ above mean)
* Spread momentum must be negative
* Fast spread MA below slow spread MA
* Bearish closing candle
- Market Interpretation:
* Indicates selling pressure absorbing buying
* Often precedes downward movement
- Visual Markers:
* Green label with volume context
* Placed at significant price levels
Volume Analysis Components
Volume Calculation
- Rolling baseline volume calculated based on timeframe:
* Monthly: 6-period sum
* Weekly: 12-period sum
* Daily: 20-period sum
* Intraday: Proportional to timeframe
- Net volume = Bullish volume - Bearish volume
- Volume percentage calculated against baseline
- High volume threshold = 2.5 standard deviations
- Pattern volume threshold = 1.5x 20MA
Exchange Aggregation
- Primary symbol (chart) always included
- Optional secondary symbol data
- Combines volume data for stronger signals
- Useful for crypto markets with split liquidity
Success Rate Implementation
Rate Calculation
- Based on user-defined lookback period
- Separately tracked for each pattern type
- Bullish patterns: Percentage of times price moved higher
- Bearish patterns: Percentage of times price moved lower
- Used to filter alerts with minimum threshold
Pattern Storage
- Arrays maintain historical pattern data
- Limited to lookback period size
- Oldest patterns removed as new ones form
- Constantly updated success rates
## Trading Implementation
### Signal Priority
1. Pattern Signals (W/M)
- Highest reliability due to complex criteria
- Must meet all volume and price conditions
- Line break provides clear invalidation
2. High Volume Reversals
- Strong indication of institutional activity
- Clear volume confirmation
- Immediate reversal potential
3. Technical Reversals
- Traditional technical analysis backbone
- Enhanced with volume confirmation
- Good for trend trading
4. Absorption Signals
- Early warning system
- Best used with other confirmations
- Good for position building
Best Practices
- Look for multiple signal types aligning
- Consider higher timeframe context
- Use success rates to filter setups
- Monitor volume context closely
- Wait for candle closes
- Use line breaks for clear invalidation
- Consider market structure
- Pay attention to success rates
- Use appropriate position sizing
Risk Management
- Use pattern breaks for stop losses
- Consider historical success rates
- Larger positions for multiple signal confluence
- Respect timeframe hierarchy
- Monitor volume for confirmation
- Use proper position sizing
- Consider market volatility
This indicator provides a comprehensive framework for identifying potential market turning points while maintaining rigorous risk management through multiple confirmation factors and clear invalidation levels.
2-Year MA Multiplier [UAlgo]The 2-Year MA Multiplier is a technical analysis tool designed to assist traders and investors in identifying potential overbought and oversold conditions in the market. By plotting the 2-year moving average (MA) of an asset's closing price alongside an upper band set at five times this moving average, the indicator provides visual cues to assess long-term price trends and significant market movements.
🔶 Key Features
2-Year Moving Average (MA): Calculates the simple moving average of the asset's closing price over a 730-day period, representing approximately two years.
Visual Indicators: Plots the 2-year MA in forest green and the upper band in firebrick red for clear differentiation.
Fills the area between the 2-year MA and the upper band to highlight the normal trading range.
Uses color-coded fills to indicate overbought (tomato red) and oversold (cornflower blue) conditions based on the asset's closing price relative to the bands.
🔶 Idea
The concept behind the 2-Year MA Multiplier is rooted in the cyclical nature of markets, particularly in assets like Bitcoin. By analyzing long-term price movements, the indicator aims to identify periods of significant deviation from the norm, which may signal potential buying or selling opportunities.
2-year MA smooths out short-term volatility, providing a clearer view of the asset's long-term trend. This timeframe is substantial enough to capture major market cycles, making it a reliable baseline for analysis.
Multiplying the 2-year MA by five establishes an upper boundary that has historically correlated with market tops. When the asset's price exceeds this upper band, it may indicate overbought conditions, suggesting a potential for price correction. Conversely, when the price falls below the 2-year MA, it may signal oversold conditions, presenting potential buying opportunities.
🔶 Disclaimer
Use with Caution: This indicator is provided for educational and informational purposes only and should not be considered as financial advice. Users should exercise caution and perform their own analysis before making trading decisions based on the indicator's signals.
Not Financial Advice: The information provided by this indicator does not constitute financial advice, and the creator (UAlgo) shall not be held responsible for any trading losses incurred as a result of using this indicator.
Backtesting Recommended: Traders are encouraged to backtest the indicator thoroughly on historical data before using it in live trading to assess its performance and suitability for their trading strategies.
Risk Management: Trading involves inherent risks, and users should implement proper risk management strategies, including but not limited to stop-loss orders and position sizing, to mitigate potential losses.
No Guarantees: The accuracy and reliability of the indicator's signals cannot be guaranteed, as they are based on historical price data and past performance may not be indicative of future results.
Weekly Bottom Finder 1.0A Tool for Identifying Market Bottoms
The Weekly Bottom Finder indicator is designed for in-depth market analysis on weekly timeframes. Utilizing innovative methodology, it allows traders to identify potential zones of market bottoms, which often mark the beginning of new bullish trends. This indicator combines multiple advanced algorithms working in unison to deliver accurate and reliable signals.
What Makes Weekly Bottom Finder Unique?
Comprehensive Approach
The indicator integrates several analytical techniques, including:
Volume Analysis: Evaluates market activity to highlight significant interest.
Money Flow Index (MFI): Detects overbought and oversold zones.
ATR (Average True Range): Accounts for market volatility.
Advanced Internal Algorithms: Measures trend strength and consistency.
Accurate Bottom Detection
Signals are only generated when all conditions confirm a potential market bottom. This minimizes false signals that are common with many other indicators.
Visualization
Potential market bottom zones are displayed as light green vertical lines, making signals easy to identify without cluttering the chart.
Adaptability
Weekly Bottom Finder automatically adjusts to market conditions, considering volume, volatility, and market dynamics, making it a versatile tool for different markets and scenarios.
Key Features
Parameter Synchronization
The indicator uses finely tuned thresholds for trend analysis, effectively filtering out short-term market noise.
Balanced Settings
Users can adjust the "Bottom Sensitivity" parameter to customize the indicator to their needs, providing either more or fewer signals based on their trading strategy.
Weekly Timeframe
Specifically designed for long-term analysis on weekly candles, the indicator performs effectively across various markets, including cryptocurrencies like Bitcoin, traditional stock markets, and forex trading. It's worth testing the indicator's performance on different exchanges for the same cryptocurrency. Price movements can vary slightly between exchanges, resulting in a different number of signals.
Volume Filters
An additional volume filter ensures that signals are generated only in zones where the market exhibits genuine participant interest.
How Does Weekly Bottom Finder Work?
Calculating Bottom Zones
The indicator identifies potential bottoms when prices are in oversold zones (low MFI) and the market shows high volume, indicating buyer interest.
Double Signal Verification
Each signal is filtered through a system of rules, including ATR and volume analysis, to avoid false positives.
Additional Information
Weekly Bottom Finder helps traders pinpoint key moments when the market may be reaching its lowest points, creating potential entry opportunities. However, it does not provide guarantees and serves only as a supplementary tool for deeper market understanding.
Please Note: Weekly Bottom Finder is an analytical tool that should be used alongside your own research and risk management strategies.
Bitcoin PivotFind [BTC Cycle Tops & Bottoms Finder]What is PivotFind?
PivotFind is a custom indicator designed to track 30+ data points of different nature (technical, sentiment, macro, on-chain), and across multiple timeframes (from 1D to 60D), to detect the market conditions that may indicate the formation of potential Cycle Tops and Bottoms .
PivotFind's goal is to help you navigate Bitcoin's price movements and key happenings over its approximately 4-year cycles to help you craft a mid-term investment plan focused on the larger swings, rather than the shorter-term fluctuations.
What Does PivotFind Show/Do?
Market Phase Assessment and Visualization:
- Uses color-coded backgrounds (green for bull, red for bear, yellow for trend reversal) to show the current (assessed) market phase. Note that the price line itself changes color to reinforce the current phase identification.
- Helps you understand if we're in a uptrend, downtrend, or potentially changing direction (reversal), often an open question for traders, with a mid-term horizon
Cycle Top and Bottom Warnings:
- Places red dots above the price line to warn of potential cycle peaks.
- Shows green dots below the price line to indicate possible cycle bottoms.
These markers appear when multiple indicators reach certain thresholds, which historically have often coincided with significant market pivots (from bull to bear, or viceversa). Clusters of tops and bottom warnings are expected to appear at truly pivotal moments.
Parabolic Growth Signals:
- Displays upward arrows when conditions suggest potential for the rapid price increases that historically anticipated blow-off tops
- These signals are based on a combination of technical indicators and market sentiment reaching certain thresholds.
Altcoin Season Indicators:
- Marks with white diamonds the conditions that have historically led to "altseasons" (i.e. Altcoins overperforming BTC's growth rate).
- Based on factors like Bitcoin dominance decrease and certain altcoin performance metrics.
Fibonacci Retracement Bands:
Plots long-term support and resistance zones based on Fibonacci retracement levels.
These bands are calculated from previous major market highs and lows and shed light on the nature of short-term retracements in the context of major trends.
Price Scenario
PivotFind also provides reference price levels for the upcoming halving cycle, including potential thresholds for increased market interest (retail FOMO), possible overvaluation, and theoretical cycle peak ranges. These projections are based on historical data and should be considered as points of reference rather than definitive predictions.
Comprehensive Data Tables:
Right-side Table: Shows current cycle stage, Bitcoin/Altcoin market dominance percentages, and evaluates key economic factors (like inflation and interest rates) for their potential impact.
Bottom Table: Displays real-time values of over 30 key indicators, including RSI, MVRV ratio, and Fear & Greed Index.
Alerts
PivotFind offers you the ability to set up custom alerts (via the standard TradingView alert functionality) or receive automated notifications for significant market events. Despite its sophisticated analysis, PivotFind is designed to be user-friendly, with pre-set parameters that don't require complex adjustments.
How Does It Work?
PivotFind analyzes over 30 different indicators across multiple timeframes (from 1 day to 60 days), grouped into four main categories:
1. Technical Analysis:
Uses standard indicators like RSI, Stochastic RSI, Williams %R, Elliot Oscillator, TDI, and mean reversion concepts.
Looks for divergences between price and multiple indicators (like OBV, MFI, CCI, RSI, SRSI, MACD and others) to spot potential reversals.
2. Market Sentiment:
Incorporates the Crypto Fear & Greed Index (0-100 scale).
Tracks social media trends and influencer follower counts as a gauge of public interest.
3. Macroeconomic Factors:
Monitors inflation rates, interest rates, US rate yields, and money supply (M2) figures.
Tracks the U.S. Dollar Index (DXY) and bond market health through ETFs like TLT and HYG.
4. On-Chain Analytics:
Analyzes MVRV (Market Value to Realized Value) ratio to spot potential over/undervaluation.
Examines NUPL (Net Unrealized Profit/Loss) and active Bitcoin addresses.
PivotFind analyzes these indicators collectively, looking for significant correlations and confluences, to provide a view of the market's position within the 4-year cycle and spot the conditions for potential Cycle tops and bottoms (cycle pivots).
Who Is This For?
PivotFind may be particularly useful for:
- Long-term investors looking to optimize entry and exit points within the 4-year cycle
- Individuals who want to understand mid-term trends without engaging in daily analysis of multiple charts (due to lack of time and/or financial knowledge)
- Bitcoin Holders and miners planning their decisions around critical market pivot points
It's less suitable for scalpers, day-traders or those focused on short-term price movements.
Value Proposition
PivotFind simplifies market analysis by bringing together a wide range of indicators and data sources across different timeframes. It uses built-in logic to interpret these inputs within the context of Bitcoin's cycles, giving users an efficient way to spot potential major market shifts. This all-in-one approach helps make sense of complex market conditions and supports more informed decision-making.
Since Bitcoin’s broader cycle strongly influences the entire crypto market, PivotFind can also be useful for investors who are focused on Altcoins, not just Bitcoin.
Important Note (Disclaimer)
Past performance, and patterns, do not guarantee future results. Therefore, PivotFind should be used as one of many tools in your analysis. While the indicator provides a multi-faceted and multi-timeframe analysis of factors historically correlated with pivotal price shifts, it cannot predict future prices with certainty. It's a tool to help inform your decisions, not make them for you. Always conduct your own research and remember that all investments, especially in cryptocurrencies, involve risk.
Recommended Settings
PivotFinds works best on the 1D INDEX:BTCUSD chart (dark-mode, logarithmic scale).
This indicator is not publicly available and requires special access.
intellect_city - World Cycle - Ath & Atl - Logarithmic - Signal.Indicator Overview
INTELLECT_city - World Cycle - ATH & ATL - Timeframe 1D and 1W - Logarithmic - Signal - The Pi Cycle Top and Bottom Oscillator is an adaptation of the original Pi Cycle Top chart. It compares the 111-Day Moving Average circle and the 2 * 350-Day Moving Average circle of Bitcoin’s Price. These two moving averages were selected as 350 / 111 = 3.153; An approximation of the important mathematical number Pi.
When the 111-Day Moving Average circle reaches the 2 * 350-Day Moving Average circle, it indicates that the market is becoming overheated. That is because the mid time frame momentum reference of the 111-Day Moving Average has caught up with the long timeframe momentum reference of the 2 * 350-Day Moving Average.
Historically this has occurred within 3 days of the very top of each market cycle.
When the 111 Day Moving Average circle falls back beneath the 2 * 350 Day Moving Average circle, it indicates that the market momentum of that cycle is significantly cooling down. The oscillator drops down into the lower green band shown where the 111 Day Moving Average is moving at a 75% discount relative to the 2 * 350 Day Moving Average.
Historically, this has highlighted broad areas of bear market lows.
IMPORTANT: You need to set a LOGARITHMIC graph. (The function is located at the bottom right of the screen)
IMPORTANT: The INTELLECT_city indicator is made for signal purchases of sales, there is also a strategic one from INTELLECT_city
IMPORTANT: The Chart shows all cycles, both buying and selling.
IMPORTANT: Suitable timeframes are 1 daily (recommended) and 1 weekly
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Описание на русском:
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Обзор индикатора
INTELLECT_city - World Cycle - ATH & ATL - Timeframe 1D and 1W - Logarithmic - Signal - Логарифмический - Сигнал - Осциллятор вершины и основания цикла Пи представляет собой адаптацию оригинального графика вершины цикла Пи. Он сравнивает круг 111-дневной скользящей средней и круг 2 * 350-дневной скользящей средней цены Биткойна. Эти две скользящие средние были выбраны как 350/111 = 3,153; Приближение важного математического числа Пи.
Когда круг 111-дневной скользящей средней достигает круга 2 * 350-дневной скользящей средней, это указывает на то, что рынок перегревается. Это происходит потому, что опорный моментум среднего временного интервала 111-дневной скользящей средней догнал опорный момент импульса длинного таймфрейма 2 * 350-дневной скользящей средней.
Исторически это происходило в течение трех дней после вершины каждого рыночного цикла.
Когда круг 111-дневной скользящей средней опускается ниже круга 2 * 350-дневной скользящей средней, это указывает на то, что рыночный импульс этого цикла значительно снижается. Осциллятор опускается в нижнюю зеленую полосу, показанную там, где 111-дневная скользящая средняя движется со скидкой 75% относительно 2 * 350-дневной скользящей средней.
Исторически это высветило широкие области минимумов медвежьего рынка.
ВАЖНО: Выставлять нужно ЛОГАРИФМИЧЕСКИЙ график. (Находиться функция с правой нижней части экрана)
ВАЖНО: Индикатор INTELLECT_city сделан для сигнальных покупок продаж, есть также и стратегический от INTELLECT_сity
ВАЖНО: На Графике видны все циклы, как на покупку так и на продажу.
ВАЖНО: Подходящие таймфреймы 1 дневной (рекомендовано) и 1 недельный
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Beschreibung - Deutsch
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Indikatorübersicht
INTELLECT_city – Weltzyklus – ATH & ATL – Zeitrahmen 1T und 1W – Logarithmisch – Signal – Der Pi-Zyklus-Top- und Bottom-Oszillator ist eine Anpassung des ursprünglichen Pi-Zyklus-Top-Diagramms. Er vergleicht den 111-Tage-Gleitenden-Durchschnittskreis und den 2 * 350-Tage-Gleitenden-Durchschnittskreis des Bitcoin-Preises. Diese beiden gleitenden Durchschnitte wurden als 350 / 111 = 3,153 ausgewählt; eine Annäherung an die wichtige mathematische Zahl Pi.
Wenn der 111-Tage-Gleitenden-Durchschnittskreis den 2 * 350-Tage-Gleitenden-Durchschnittskreis erreicht, deutet dies darauf hin, dass der Markt überhitzt. Das liegt daran, dass der Momentum-Referenzwert des 111-Tage-Gleitenden-Durchschnitts im mittleren Zeitrahmen den Momentum-Referenzwert des 2 * 350-Tage-Gleitenden-Durchschnitts im langen Zeitrahmen eingeholt hat.
Historisch gesehen geschah dies innerhalb von 3 Tagen nach dem Höhepunkt jedes Marktzyklus.
Wenn der Kreis des 111-Tage-Durchschnitts wieder unter den Kreis des 2 x 350-Tage-Durchschnitts fällt, deutet dies darauf hin, dass die Marktdynamik dieses Zyklus deutlich nachlässt. Der Oszillator fällt in das untere grüne Band, in dem der 111-Tage-Durchschnitt mit einem Abschlag von 75 % gegenüber dem 2 x 350-Tage-Durchschnitt verläuft.
Historisch hat dies breite Bereiche mit Tiefstständen in der Baisse hervorgehoben.
WICHTIG: Sie müssen ein logarithmisches Diagramm festlegen. (Die Funktion befindet sich unten rechts auf dem Bildschirm)
WICHTIG: Der INTELLECT_city-Indikator dient zur Signalisierung von Käufen oder Verkäufen, es gibt auch einen strategischen Indikator von INTELLECT_city
WICHTIG: Das Diagramm zeigt alle Zyklen, sowohl Kauf- als auch Verkaufszyklen.
WICHTIG: Geeignete Zeitrahmen sind 1 täglich (empfohlen) und 1 wöchentlich
MTF Williams Vix Market Bottoms [CryptoSea]MTF Williams Vix Fix Indicator is a dynamic tool tailored for traders looking to capture market extremes with high precision. This multi-timeframe indicator leverages the concept of the Williams Vix Fix to spot potential reversals before they occur.
Key Features
Multi-Timeframe Analysis: Provides simultaneous visibility across multiple timeframes, enabling traders to assess market conditions comprehensively from a single chart.
Advanced Volatility Detection: Utilizes a modified Vix Fix formula to highlight extreme price deviations, which often precede significant market reversals.
Customizable Settings: Offers extensive input options to tweak the lookback periods, percentile thresholds, and visibility settings, aligning with various trading strategies.
Visual Band Indicators: Features upper bands and range highs that signal potential overbought and oversold conditions, enhancing trading decision-making.
Below, you can see how the indicator performs across different timeframes, providing valuable insights into market behavior.
How it Works
Vix Fix Calculation: Determines the worst-case 'panic' sell-offs in price as a percentage of the high, capturing the emotional extremes of the market.
Statistical Bands: Employs Bollinger bands over the Vix Fix values to define normal and extreme volatility conditions.
Color-Coded Indicators: Uses color differentiation to instantly highlight when readings surpass critical upper band or range high thresholds, signaling key trading opportunities.
For instance, in the analysis provided below, notice how the indicator flags significant market moves, allowing traders to anticipate potential entry or exit points.
Application
Risk Management: Aids in identifying extreme market conditions where prices may revert, helping in effective position sizing and risk management.
Strategic Planning: Enhances strategic trading plans by identifying not only when but also where market extremes may occur, considering multiple timeframes.
Customization: Adapts seamlessly to different market environments with adjustable settings for volatility thresholds and visual display preferences.
The MTF Williams Vix Fix Indicator by is an essential tool for traders aiming to leverage market volatility for optimal entry and exit, ensuring they are well-equipped to handle market extremes with confidence.
Tops & Bottoms - Day of Week Report█ OVERVIEW
The indicator tracks when the weekly tops and bottoms occur and reports the statistics by the days of the week.
█ CONCEPTS
Not all the days of the week are equal, and the market dynamic can follow through or shift over the trading week. Tops and bottoms are vital when entering a trade, as they will decide if you are catching the train or being straight offside. They are equally crucial when exiting a position, as they will determine if you are closing at the optimal price or seeing your unrealized profits vanish.
This indicator is before all for educational purposes. It aims to make the knowledge available to all traders, facilitate understanding of the various markets, and ultimately get to know your trading pairs by heart (and saving a lot of your time backtesting!).
USDJPY tops and bottoms percentages on any given week.
USDJPY tops and bottoms percentages on up weeks versus down weeks.
█ FEATURES
Custom interval
By default, the indicator uses the weekly interval defined by the symbol (e.g., Monday to Sunday). This option allows you to specify your custom interval.
Weekly interval type filter
Analyze the weekly interval on any weeks, up weeks, or down weeks.
Configurable time range filter
Select the period to report from.
█ NOTES
Trading session
The indicator analyzes the days of the week from the daily chart. The daily trading sessions are defined by the symbol (e.g., 17:00 - 17:00 on EURUSD).
Extended/electronic trading session
The indicator can include the extended hours when activated on the chart, using the 24-hour or 1440-minute timeframe.
█ HOW TO USE
Plot the indicator and navigate on the 1-day or 24-hour timeframe.
CARNAC Elasticity IndicatorThe CARNAC Elasticity Indicator (EI) is a technical analysis tool designed for traders and investors using TradingView. It calculates the percentage deviation of the current price from an Exponential Moving Average (EMA) and helps traders identify potential overbought and oversold conditions in a financial instrument.
Key Features:
EMA Length: Users can customize the length of the Exponential Moving Average (EMA) used in the calculations by adjusting the "EMA Length" parameter in the indicator settings.
Percentage Deviation: The indicator calculates the percentage deviation of the current price from the EMA. Positive values indicate prices above the EMA, while negative values indicate prices below the EMA.
Maximum Deviations: The indicator tracks the maximum positive (above EMA) and negative (below EMA) percentage deviations over time, allowing traders to monitor extreme price movements.
Bands: Upper and lower bands are displayed on the indicator chart at 100 and -100, respectively. Additionally, dashed middle bands at 50 and -50 provide reference points for moderate deviations.
Dynamic Color Coding: The indicator uses dynamic color coding to highlight the current percentage deviation. It turns red for values above 50 (indicating potential overbought conditions), green for values below -50 (indicating potential oversold conditions), and purple for values in between.
How to Use:
Overbought Conditions: Watch for the percentage deviation to cross above 50, indicating potential overbought conditions. This might be a signal to consider selling or taking profits.
Oversold Conditions: Look for the percentage deviation to cross below -50, signaling potential oversold conditions. This could be an opportunity to consider buying or entering a long position.
Historical Extremes: Keep an eye on the upper and lower bands (100 and -100) to identify historical extremes in percentage deviation.
The CARNAC Elasticity Indicator can be a valuable tool for traders seeking to identify potential trend reversals and assess the strength of price movements. However, it should be used in conjunction with other technical analysis tools and risk management strategies for comprehensive trading decisions.
Tops & Bottoms - Time of Day Report█ OVERVIEW
The indicator tracks and reports the percentage of occurrence of daily tops and bottoms by the time of the day.
█ CONCEPTS
At certain times during the trading day, the market reverses and marks the high or low of the day. Tops and bottoms are vital when entering a trade, as they will decide if you are catching the train or being straight offside. They are equally crucial when exiting a position, as they will determine if you are closing at the optimal price or seeing your unrealized profits vanish.
This indicator is before all for educational purposes. It aims to make the knowledge available to all traders, facilitate understanding of the various markets, and ultimately get to know your trading pairs by heart.
Tops and bottoms percentage of occurrence on EURGBP (London time).
Up days versus down days on EURUSD (London time).
█ FEATURES
Selectable time zones
Present the column chart in your local time zone (or other market participants).
Configurable time range filter
Select the period to report from.
Day type filter
Analyze all days, or filter only up days or down days.
█ HOW TO USE
Plot the indicator and visit the 1-hour or 30-minute timeframe.
█ NOTES
Timeframe choice
The 1-hour timeframe produces a higher number of days sampled. Prefer the usage of the 30-minute timeframe when your market starts at 9:30 AM.
Daylight Saving Time (DST)
The exchange time and geographical time zone options may observe Daylight Saving Time, unlike UTC+0.
BTFD strategy [3min]Hello
I would like to introduce a very simple strategy to buy lows and sell with minimal profit
This strategy works very well in the markets when there is no clear trend and in other words, the trend going sideways
this strategy works very well for stable financial markets like spx500, nasdaq100 and dow jones 30
two indicators were used to determine the best time to enter the market:
volume + rsi values
volume is usually the number of stocks or contracts traded over a certain period of time. Thus, it is an important indicator of market activity and liquidity. Each transaction constitutes an individual exchange between the buyer and the seller and constitutes the trading volume of a given instrument or asset.
The RSI measures the strength of uptrends versus downtrends. The signal is the entry or exit of the indicator value of the oversold or overbought level of the market. It is assumed that a value below or equal 30 indicates an oversold level of the market, and an RSI value above or equal 70 indicates an overbought level.
the strategy uses a maximum of 5 market entries after each candle that meets the condition
uses 5 target point levels to close the position:
tp1= 0.4%
tp2= 0.6%
tp3= 0.8%
tp4= 1.0%
tp5= 1.2%
after reaching a given profit value, a piece of the position is cut off gradually, where tp5 closes 100% of the remaining position
each time you enter a position, a stop loss of 5.0% is set, which is quite a high value, however, when buying each, sometimes very active downward price movement, you need a lot of space for market decisions in which direction it wants to go
to determine the level of stop loss and target point I used a piece of code by RafaelZioni , here is the script from which a piece of code was taken
this strategy is used for automation, however, I would recommend brokers that have the lowest commission values when opening and closing positions, because the strategy generates very high commission costs
Enjoy and trade safe ;)
Conditional Chart Pattern Signals: ABC Top/BottomCCPS ABC is a set of top/bottom patterns based on three points.
Pattern Variants/Subvariants:
• UHV (Uphill Middle): The price retreats slightly and reverses to climb higher with V-shape. A downward signal of this variant points out the candle where the price might retreat again. Nonetheless, as it has been a strong uptrend with higher velocity and higher wave, the probability of a huge decrease is small. Thus, it is classified as a weak bearish signal and we should only use it as a warning, i.e., we will enter a sell position when there is another high with another bearish signal. Subvariant: UHV3.
• UHL (Uphill Top Left): When the price crawls near the top of a hill, it is higher and higher but the velocity and the wave decrease. Subvariants: UHL1 (only velocity decreases), UHL2 (only wave decreases), UHL3 (both velocity and wave decrease).
• DHC (Downhill Top Center): An increase followed by a decrease in price with higher velocity and higher wave represents the start of falling from the top of a hill. Subvariants: DHC1 (only velocity increases), DHC2 (only wave increases), DHC3 (both velocity and wave increase).
• DHR (Downhill Top Right): A small decrease followed by a larger decrease in price with higher velocity and higher wave represents the confirmation of falling from the top of a hill. Subvariants: DHR1 (only velocity increases), DHR2 (only wave increases), DHR3 (both velocity and wave increase).
• DHV (Downhill Middle): A large decrease followed by a small increase in price to form a V-shape with lower velocity yet higher wave represents the continuation of falling in the downside of a hill. Subvariant: DHV3.
• DVA (Downvalley Middle): The price gains slightly and reverses to plunge lower with A-shape. An upward signal of this variant points out the candle where the price might bounce again. Nonetheless, as it has been a strong downtrend with higher velocity and higher wave, the probability of a huge increase is small. Thus, it is classified as a weak bullish signal and we should only use it as a warning, i.e., we will enter a buy position when there is another low with another bullish signal. Subvariant: DVA3.
• DVL (Downvalley Bottom Left): When the price arrives near the bottom of a valley, it is lower and lower but the velocity and the wave decrease. Subvariants: DVL1 (only velocity decreases), DVL2 (only wave decreases), DVL3 (both velocity and wave decrease).
• UVC (Upvalley Bottom Center): A decrease followed by an increase in price with higher velocity and higher wave represents the start of rising from the bottom of a valley. Subvariants: UVC1 (only velocity increases), UVC2 (only wave increases), UVC3 (both velocity and wave increase).
• UVR (Upvalley Bottom Right): A small increase followed by a larger increase in price with higher velocity and higher wave represents the confirmation of rising from the bottom of a valley. Subvariants: UVR1 (only velocity increases), UVR2 (only wave increases), UVR3 (both velocity and wave increase).
• UVA (Upvalley Middle): A large increase followed by a small decrease in price to form an A-shape with lower velocity yet higher wave represents the continuation of rising in the upside of a valley. Subvariant: UVA3.
Wave Calculation:
• Full: Waves are calculated at middle and two edges. Forward: Waves are calculated at middle and right edge.
• Average: Waves are measured by average heights. Max: Waves are measured by max heights.
Bullish/Bearish Signal Candle Check: None/Standard/TL.
• None: Not check signal candle if it is bullish or bearish.
• Standard: Bullish candle if close is higher than open or close is higher than previous close.
• TL(c): Bullish/bearish candles follow the proprietary standard. It has more conditions than Standard.
Exit: Choose an exit mode to calculate historical performance.
• Next Occurrence: Exit of an occurrence stands at the next occurrence.
• Near Fixed Length: Exit of an occurrence stands at either a specified fixed length or the next occurrence depending on which one happens first.
Signal Label Text: Subvariant name/abbreviation.
Signal Label Tooltip:
• Total: Number of occurrences of the subvariant, including the current one.
• Entry Price ($): Close price of the signal.
• Max Profit ($): Max profit of an occurrence is calculated from after the signal until the next occurrence of the same subvariant.
• Min/Max/Average Max Profit ($): Min/max/average profit of a subvariant is calculated by getting min/max/average of max profit of all occurrences of that subvariant.
• Max Loss ($): Max loss of an occurrence is calculated from after the signal until the next occurrence of the same subvariant.
• Min/Max/Average Max Loss ($): Min/max/average loss of a subvariant is calculated by getting max/min/average of max loss of all occurrences of that subvariant.
• Win: Number of historical winning occurrences of the subvariant. An occurrence of a subvariant is defined as winning when the max profit is larger than the absolute value of the max loss.
• Min Length: Min time between occurrences of the subvariant in terms of candles.
• Max Length: Max time between occurrences of the subvariant in terms of candles.
• Average Length: Average time between occurrences of the subvariant in terms of candles.
Current Label Text: Shows information of the latest occurrence of each subvariant next to the current candle.
• Last Occurrence: Date/time in exchange timezone of the latest occurrence.
Specification & Performance:
tinyurl.com
Usage:
Enter right when the signal closes or at the open of the next candle after the signal.
Other Features:
• Non-repainting.
• Compact design.
Markets: Developed and tested on: US100. Timeframes: Developed and tested on: 30m.
TTP Breaking PointThis signal uses information from BITFINEX:BTCUSDLONGS and BITFINEX:BTCUSDSHORTS to forecast tops and bottoms.
The idea behind is very simple.
We calculate the RSI of the ratio of longs vs shorts and find areas where both the SMA of this RSI and the RSI itself are overextended.
You might notice that the win rate is not high but most of the wins provide a decent move that, if combined with proper risk management, can be used to build profitable strategies.
The signal offers a backtesting stream: 1 for buy and 2 for sell.
Shortly I'll be adding new features including: alerts, support for other symbols, filters, etc.
Buy the Blood (BTC Bottom Indicator), by Scipio Pro"Buy the blood." We all plan to do it, but when , exactly?
This indicator analyzes on-chain flow data from CEXs to detect when the masses panic. In other words, it reveals when Bitcoins likely move from weak hands into stronger hands. These moments typically mark bottoms.
A buy signal should be taken as "get ready to buy". After all, blood in the streets often means no rush; you may choose to buy days later if a wick partly fills or at the candle's low, depending on your risk appetite.
It's important to note this indicator is fed daily data, so it should be used on the daily timeframe and higher. Secondly, this indicator is purpose-built for Bitcoin. Don't worry, though -- if you get access to this indicator you also get access to any other available "Buy the Blood" indicator.
Last thing, while the script uses request.security, it makes sure the indicator does not repaint.
As always, use at your own risk. Using indicators is no substitute for using one's brain.
Investor Satisfaction & Price Divergence by 0x_kali Investor Satisfaction & Price Divergence by 0x_kali is an adaptation of the Mason's Line Indicator with the inclusion of a normalized price divergence system. For more information on the Mason's Line Indicator, refer to the link provided:
In this script, average investor satisfaction is normalized between 0 and 1. This normalization is achieved by subtracting the minimum satisfaction and dividing by the difference between the maximum and minimum satisfaction over the chosen period. Consequently, the normalized average satisfaction can never be less than 0.
The blue divergence line illustrates the difference between normalized satisfaction and the normalized asset price. When normalized average satisfaction rests on the divergence line, it signifies that the difference between normalized satisfaction and the normalized asset price is zero or near-zero.
This phenomenon often triggers a strong price rebound for various reasons:
Market Sentiment: If investor satisfaction is equal or very close to the asset price, it could indicate positive sentiment or a general consensus on the asset's value. Such positive sentiment can increase demand, leading to a rebound in prices.
Alignment of Interests: When investor satisfaction aligns with the asset price, it might suggest that investors view the current price as fair or balanced. In this scenario, investors could be more inclined to buy or hold the asset, potentially driving up prices.
Market Rebalancing: If investor satisfaction reaches the divergence line after a period of substantial divergence, it could signal market rebalancing. Investors may perceive the gap between satisfaction and price as too significant, prompting them to adjust their positions and causing a price rebound.
Additionally, on larger timeframes such as 6H, 12H, and 1D, the price may become trapped between the SMA and the divergence line. Historically, an escape from this zone has signaled the end of a bear market, indicating a potential change in market direction.
Please note that the Investor Satisfaction & Price Divergence is not a guarantee of future market performance and should be used in conjunction with proper risk management. Always ensure that you have a thorough understanding of the indicator’s methodology and its limitations before making any investment decisions. Additionally, past performance is not indicative of future results.
Swing BoxesHey, folks!
Sorry for not posting anything for such a long time. Don't have enough ideas and resources to get inspiration, so trying to brainstorm good stuff in my free time from university studies.
But despite my absence more I now have 300+ people subscribed to me! Thanks, guys, for keeping interest for my work, as I still do value each boost on my script, for real :)
So here is new script , enjoy!
Swing Boxes is pretty simple indicator, which plots signals with "boxes", that help you determine price targets.
What is the idea behind?
I wanted to make indicator, that could help me make swing trades with nice accuracy (as all we want, lol), and for signal criteria I decided to use highs and lows of the price . Then I started coding some ideas to see which of them could be worthy. And, actually, Swing Boxes appeared to be good. But the thing is, that I didn't intend to build them, they appeared as an anomaly from my code :)
I started to explore this anomaly (it looked super cool, but was repainting hard) to fix it and I succeeded, now Swng Boxes don't repaint.
The main idea is that when price goes above it's highest value of p-bars back or below it's lowest value p-bars back, then there is a some god probability, that price will continue to follow current direction.
And the things about Swing Boxes is that when there is a good trend movement, the boxes become super small to track price movement and when price breaks out in the counter-trend direction, then you will be able to almost perfectly catch a top or a bottom! But most of the signals won't be so high-quality, so don't think that is this some holy grail to trade swing-trading, because it is not.
Signal logic
Quick hint:
- epsilon(variable e ) = ATR * ATR_Factor . It is used to determine box's sensitivity to price changes.
If previous close is higher than variable, which contains previous HIGHEST value (variable h in the code), then update the this variable by taking up-to-date highest value and add epsilon( e ) to it;
If previous close is lower than variable, which contains previous LOWEST value (variable l in the code), then update the this variable by taking up-to-date lowest value and substract epsilon( e ) from it.
Variables decribed above ( h and l ) are box's top and bottom respectively, so if price cross them, it is logical to update it is value.
Settings and what is what
Swing Box Period - numbers fo bars in the past to find highest and lowest price from. The bigger the input, the bigger the boxes will be;
ATR Period;
ATR Factor - multiplier for ATR, determines sensitivity for price changes. The bigger this input, the more accurate signals will be, but less the probability that the signal will be on the top or a bottom.
Show Boxes? - when chosen, plots box's top and bottom. Used to determine price targets.
Show Baseline? - when chosen, plot's baseline, which midline between box's top and bottom.
How to use?
This indicator plots green and red triangles by default.
- Green triangle --> Buy ;
- Red triangle --> Sell ;
As I've said before, many signals from indicator will probably be garbage, so you need to tune settings for youself, so it could satisfy you .
You can enable showing boxes to see box's top and bottom. Box's bottom --> your entry, top --> your profit target.
If you find a way to sort bad signals, you will be able to trade with super cool RR, because the signal from Swing Boxes appear to be a good one, there is almost 95% probability, that price will not even come close to your stop loss, so you can trade with super small stop-losses! Smaller stop-loss --> smaller risk --> smaller loss --> bigger profit, it is that easy.
Also you can enable baseline to use at as your 1st TP, and box's top/bottom as 2nd TP, closing 25% on TP1 and the rest on TP2 (but that is just mine recommendation, you can use different RM (risk-management), if you want).
Also you can use baseline as your S/R (Support/Resistance) line, test it out on your charts.
And please, hear me out: as all other indicators out here on the TradingView, Swing Boxes ARE NOT meant to be traded in solo! Many bad signal can go in a row, so PLEASE find your way to filter out bad signals with other indicators.
You can see here the example of a garabge-class signal in a row, so be don't be deluded!
I do hope that somebody will suggest and idea to improve this thing, as I personally don't have enough time to think about it because of my university studies, but I will probably try it make this thing better throughout the time.
And that's it for now, folks! If you have any ideas for scripts, strategies or anything else, feel free to DM me or leave a comment, I will check it.
Hope you will find this script useful.
Take your profits!
- Tarasenko Fyodor
Double Top/Bottom [Early]Early Double Top & Bottoms
This script will scan pivot highs/lows as well as the macro highs/lows to determine whether it thinks there could be a potential double top or double bottom.
This does not mean there definitely will be but the indicator from this point will display the proposed pattern and set out a box where you could look for reversal signals.
The simple premise is rather than having to wait like most pattern scripts this will identify the pattern much sooner and set you up so you can decide how you would like to take action.
Settings
You have the option to choose what type of alert you would like to receive, one option is for an alert soon as the pattern is detected, the 2nd is for when price break the neckline.
below in the settings you have an option to determine what classifies a break. Either the price has to close over the neckline or it can be just a wick, up to you.
You can change all colours of the patterns, labels and line styles.
There are extra labels which can help explain when the pattern is spotted or point out when the neckline is broken depending on your choices
You can also change the frequency in which the patterns will be spotted where 1 is the lowest. We currently believe that 1 spots enough patterns however if you want more feel free to change this.
Use Cases
One is to simply try DCA into the Box if the DB / DT lines up with your support or resistance,.
Another way you can use this on the neckline breaks to confirm the pattern, in the settings you have an option to decide whether you want the close or the wick to trigger the neckline break.
Thirdly, one which we have had the most success with is lining the box plays up with divergence signals.
Feel free to leave any suggestions, happy for the feedback!
CM_Williams_Vix_Fix - Market Top and Bottom with multi-timeframeThis is a modification of CM_Williams_Vix_Fix indicator to include both market tops and bottoms with multi-timeframe support. The original indicator only finds market bottoms.
All credits go to the original author ChrisMoody.
Original script link
Working:
The histogram above 0 signifies the trend of market going UP and the histogram below 0 signifies the trend of market going DOWN.
The histogram bar is calculated using "LookBack Period Standard Deviation High" number of candles. A threshold is calculated using bollinger bands and based on percentile of "Look Back Period Percentile High" number of candles.
If the histogram bar above 0 crosses the up threshold then we have market top which is signified by histogram bar having the color green. If the histogram bar below 0 crosses the down threshold then we have market bottom which is signified by histogram bar having the color red.
The market tops and bottoms can also be calculated across multiple timeframes.
Sample usage:
Suppose the market is in an uptrend and the indicator displays red market bottom bar, this might be an indication that the market has reached the end of a pullback. We can use additional indicators like stochastic or rsi to get additional confluence.
This indicator does not repaint but you need to wait for the candle to close.
Daily Manual KILLZONESThis indicator is to be used with "KILLSTATS", our indicator allowing to backtest on hundreds of days at which time, and which day the top/low of the day and week is formed.
"Manual Killzone" allows to define our statistical killzones by day of the week manually: you define your own rules according to your interpretation of our Killstats indicator.
It integrates a daily price action filter according to the ICT concept:
It will only display bullish probabilities (green) defined if and only if we are in discount and out of the daily range 25/75%.
Same for bearish probabilities (red)
The blue color is to be applied in case of reversal with high contradictory probability (Example: to be used for Tuesday from 2pm to 3pm, if Tuesday is a day with high probability to form a top, but 2pm/15pm is the time with high probability to form a bottom AND a top. Indecision => blue)
WARNING : Calculated according to Etc/UTC time : put "0" in the Timezone parameter of killstats.
It is necessary to use the replay mode regularly during the backtesting to update the data!
Boom Hunter XBoom Hunter X is built to target breakouts and explosive moves. The strength of this indicator is in slower timeframes like daily, weekly and monthly but it also works great on 4 hour timeframes. It is a modified version of Boom Hunter XL designed to be simple and easy to use. There are minimal settings available, aside from being able to choose the length of the oscillator there are 3 presets available. Preset 1 is the fastest and is great for targeting entries. Preset 3 is the slowest and is perfect for highlighting trends and setting up big moves. Preset 2 is somewhere in the middle and works great for entries and trend. To get a full picture of price action it is recommended to use all three indicators on your chart. The indicator will automatically adjust lengths when using weekly and monthly charts. If using faster timeframes try adjust the length to 6 or 9.
To get best results use Preset 3 to identify the trend of price action. When Preset 3 is in teal look for long entries on Presets 1 and 2. Likewise, when in red look for shorts. The best entries come from the first pullbacks. Below is an example of entering with the trend.
Using slow charts like weekly and monthly makes it easy to see what is happening with the markets. Below is an example of how easy it is to stay ahead of the curve and identify booms.
First pullbacks are signalled with outlined triangles: ▵▿
These signals are only available on preset 2 and 3. First pullbacks are picked up after price action breaks its median or dynamic median also known as OSC3 (OSC3 is hidden and works in the background), The strongest long pullbacks are when the oscillator is above the median and in the teal. Likewise the strongest short entries are when the oscillator is below the median and in the red. First pullback signals often signal the start of a new trend. Below is an example on a daily chart.
Breaks in support and resistance are signalled with white arrows: ˰˅
Preset 3 highlights the biggest breakouts while preset 1 will show the breaks within the breaks. Preset 2 provides a nice blend between the both and works great for targeting breakouts. It is not recommended to enter on the break as price action will come back to test. The first pullback after the break is typically the best and safest entry for breakouts. Below is an example of the break signal using preset 2 on weekly chart.
Breakout entries are signalled with teal and red triangles. Breakout signals filter price action for safe confirmed pullback entries. The slower the timeframe the bigger the breakout. Presets 2 and 3 are best for finding these entries.
Booms are signalled with this explosive icon: 💥
Simply put booms are polarity flips within the ticker signal. They are fast and explosive moves that can be detected using several different methods. Some of these boom signals are picked up using pure chart mechanics while others use filtering and signal processing to pinpoint the exact moment before an explosion. To make big moves the charts have to set it up first. Below is an example on a daily chart.
Boom Hunter X comes with the following alerts:
Overbought - Reversal attempt
Oversold - Reversal attempt
Long First Pullback - Only available on Preset 2 and 3
Short First Pullback - Only available on Preset 2 and 3
Pivot Up - Oscillator crosses over trigger
Pivot Down - Oscillator crosses under trigger
Long Breakout - Entry point for breakout
Short Breakout - Entry point for breakout
Break Support - Price action breaks its support
Break Resistance - Price action breaks its resistance
Boom! - Alerts for all the booms
Crossing Over Median - Price action enters top half of channel
Crossing Under Median - Price action enters bottom half of channel
TradingWolf Premium PatternsThe TradingWolf Premium is a one of a kind indicator which can identify charting patterns unlike any others. Standard Chart patterns take 10+ candles to recognise where as ares are almost instant without repainting!
Within this one indicator you will have access to Break Out Levels , Dynamic Support and resistance, Bull Flag, Bear Flag, Rising Wedge, Falling Wedge, Inverse Head & Shoulders, Head & Shoulders, Double Top, Double Bottom, Trend Lines, Ascending Triangle, Descending Triangle, Parallel Channel & Linear Regression Channels.
Below each indicator is explained along with its enhancements to help you understand it better.
This script comes with the 'TradingWolf Premium' to get access, read the Author’s Instructions below.
There are extensive explanations on how to use this indicator in our documentation on the website but we will give a simple overview here.
Break Out Levels
Break out levels are great for breakout traders, this indicator is scanning for strong points of support & resistance, it does this by finding pivot points where price has had a noticeable pull back. From there it will monitor that level and display a signal soon as price breaks it.
Another use case for this indicator is helping identify the market structure direction. If we are breaking up and getting Green triangles, this suggests we are in a bullish up-trending structure and vice versa for red bearish signals.
Support & Resistance
There are lots of ways of deciding how to mark up support and resistance, we like to use ATR values related to daily price action. Marking levels up on lower timeframes tend not to give such good levels to play whereas calculating values from the Higher time frames gives us levels we know are more like to be respected.
Although they are calculated from the daily timeframe you will notice these levels will adjust to the daily price action to make sure they are keeping up to date on levels you need to keep an eye on.
Flags
Flags show signs of continuation, they are confirmed when price breaks the upper resistance for bull flags and lower support for bear flags. They are commonly used in trading but with this indicator, it will help you spot ones you may normally miss. Everyone judges flags differently so we have given you the ability to decide how strict you would like the flags to be with the correlation setting, if you set it to 100% the top and bottom lines of the flag must be going at the exact same angle to count as a valid flag.
Wedges
A wedge pattern is typically a reversal pattern, you would normally use these in correlation with volume. For a confirmed wedge you want declining volume as the price reaches the wedge end. You can either try entering at the top/bottom of the wedge pattern or wait until price breaks into the opposite trending direction.
Head & Shoulders
These are reversal patterns, for a confirmed Head and shoulder pattern you want to pair it with declining volume or momentum
You will notice you have a HF option, when enabled this will scan multiple different lengths of pivots to try spot more patterns which the regular settings may miss. If you think you are getting enough you may want to disable this.
Triangles
Triangles help us identify areas where price starts consolidating in a narrow range, once we reach roughly ¾ of the way through the triangle, we will see a break out in either direction, normally confirmation just requires 1 close out of the triangle along with increased volume. If you miss the initial move you may be able to catch a retest if you are lucky!
Double Tops & Bottoms
These patterns are considered reversal patterns. They are confirmed on the break of the neck line with increased volume.
Trend Lines
These are as simple as the name suggests, the lines are calculated slightly differently to other support and resistance points but they will work the same spotting potential areas where price will bounce or reject.
Channels
Similar to Trend lines but these are looking for trend lines at the same angle forming channels where price tends to range between. You have several options to edit these in the settings including the correlation % of the channel lines, how many candles are allowed outside of the channel (fake outs), sensitivity/ frequency the channels appear and whether you use the Wicks or candle Closes to determine where to calculate the channels from.
Linear Regression Channels
Linear regression is the analysis of two separate variables to define a single relationship and is a useful measure from a technical and quantitative point of view.
As seen in the image above, these can be used to help determine key levels in the chart where price is likely to react. In the settings you will be able to adjust its sensitivity to the levels you like to trade.
