On Balance VolumeThe traditional OBV (On-Balance Volume) indicator line chart has been replaced with a candlestick-based OBV chart, offering a more granular and visually comprehensive approach to volume-price analysis. This transformation allows traders to analyze OBV fluctuations in the form of candlestick patterns, making it easier to identify critical price action signals such as support and resistance levels, breakouts, and breakdowns.
By integrating OBV candlesticks with the price chart, traders can better assess volume accumulation and distribution phases, detect divergences, and confirm trend strength. This enhanced visualization helps in identifying momentum shifts, liquidity imbalances, and institutional activity with greater accuracy. The OBV candlestick chart provides a deeper layer of market structure analysis, allowing price action traders to refine their strategies and improve trade execution based on real-time volume dynamics."
Penunjuk Breadth
Pipstocrat Market Participant AnalysisPipstocrat Market Participant Analysis (PMPA) , analyzes the behavior of different types of traders in the market: Hot Money (short-term traders), Smart Money (institutional or professional traders), and Retail Traders . It uses RSI-based calculations to measure their activity and displays the results as colored bars on a chart.
Customizable Colors: Users can change the colors for each type of trader and other visual elements like reference lines.
Reference Lines: Horizontal lines at levels 5 (Support), 10 (Neutral), and 15 (Resistance) help interpret the data.
Focus on RSI: The script simplifies analysis by focusing solely on RSI-based signals.
This tool helps traders quickly identify trends and sentiment in the market, making it easier to spot potential opportunities.
PVSRA Volume Suite with Volume DeltaPVSRA Volume Suite with Volume Delta
🔹 Overview
This indicator is a Volume Suite that enhances PVSRA (Price, Volume, Support, Resistance Analysis) by incorporating Volume Delta and AI-driven predictive alerts. It is designed to help traders analyze volume pressure, market trends, and price movements with color-coded visualizations.
📌 Key Features
PVSRA Volume Color Coding – Highlights vector candles based on extreme volume/spread conditions.
Volume Delta Analysis – Tracks buying/selling pressure using up/down volume data.
AI-Powered Predictive Alerts – Identifies potential trend shifts based on volume and trend context.
Volatility-Adjusted Thresholds – Dynamically adapts volume conditions based on ATR (Average True Range).
Customizable MA & Symbol Overrides – Allows traders to tweak settings for personalized market insights.
Debug & Diagnostic Labels – Shows statistical z-scores, thresholds, and volume dynamics.
How It Works
PVSRA Color Coding – The script classifies candles into four categories based on volume and spread analysis:
🔴 Red Vector → Extreme bearish volume/spread
🟢 Green Vector → Extreme bullish volume/spread
🟣 Violet Vector → Above-average bearish volume
🔵 Blue Vector → Above-average bullish volume
Volume Delta Calculation – Uses lower timeframe volume analysis to estimate up/down volume differentials.
Trend & Predictive Alerts – Combines EMA crossovers with statistical volume analysis to detect potential trend shifts.
Volatility Adaptation – Adjusts volume thresholds based on ATR, making signals more reliable in changing market conditions.
Custom Symbol Override – Fetches PVSRA data from a different instrument, useful for index-based volume analysis.
Customizable Inputs
PVSRA Color Settings – Modify candle color schemes for better visual clarity.
Volume Delta Colors – Customize delta volume body, wick, and border colors.
AI Settings – Tune z-score thresholds, lookback periods, and enable predictive alerts.
Symbol Overrides – Analyze volume from a different market or asset.
Moving Average (MA) Settings – Display a volume-based moving average for trend confirmation.
Important Notes
Works best on intraday timeframes where volume data is reliable.
Lower timeframe volume delta estimates might not be precise for all assets.
No guarantees of accuracy – Use alongside other confluence tools for decision-making.
Credits & Open-Source Notice
This script is based on PVSRA methodologies and integrates Volume Delta analysis. Special thanks to Traders Reality and TradingView for their contributions to volume-based analysis.
Pivot Point Calculator PPC V2 by [KhedrFx]📈 Trade Smarter with the Pivot Point Calculator (PPC) by KhedrFx
Want to spot key price levels and make better trading decisions? The Pivot Point Calculator (PPC) by KhedrFx is your go-to TradingView tool for identifying potential support and resistance zones. Whether you’re a Scalper trader, day trader, swing trader, or long-term investor, this script helps you plan precise entries and exits with confidence.
🔹 How to Use Pivot Points in Trading
📊 Step 1: Identify Key Levels
The PPC automatically plots:
Pivot Point (P): The main level where sentiment shifts between bullish and bearish.
Support Levels (S1, S2, S3): Areas where price may bounce higher.
Resistance Levels (R1, R2, R3): Areas where price may face selling pressure.
These levels act as dynamic price zones, helping you anticipate potential market movements.
🔥 Step 2: Choose Your Trading Strategy
1️⃣ Breakout Trading
Buy when the price breaks above the pivot point (P) with strong momentum.
Sell when the price drops below the pivot point (P) with strong momentum.
Use R1, R2, or R3 as profit targets in an uptrend and S1, S2, or S3 in a downtrend.
2️⃣ Reversal (Bounce) Trading
Buy when the price pulls back to S1, S2, or S3 and shows bullish confirmation (e.g., candlestick patterns like a bullish engulfing or hammer).
Sell when the price rallies to R1, R2, or R3 and shows bearish confirmation (e.g., rejection wicks or a bearish engulfing pattern).
🎯 Step 3: Set Smart Stop-Loss & Take-Profit Levels
Stop-Loss: Place it slightly below support (for buy trades) or above resistance (for sell trades).
Take-Profit: Use the next pivot level as a target.
Extreme Zones: R3 and S3 often signal strong reversals or breakouts—watch them closely!
🚀 How to Get Started
1️⃣ Add the PPC script to your TradingView chart.
2️⃣ Choose a timeframe that fits your strategy (5m, 15m, 30m, 1H, 4H, Daily, or Weekly).
3️⃣ Use the pivot points and support/resistance levels to fine-tune your trade entries, exits, and risk management.
⚠️ Trade Responsibly
This tool helps you analyze the market, but it’s not a guarantee of profits. Always do your own research, manage risk, and trade with caution.
💡 Ready to take your trading to the next level? Try the Pivot Point Calculator (PPC) by KhedrFx and start trading with confidence today! 🚀
Target 0.5%This indicator plots two lines relative to the current closing price:
Top Line (Red): Placed above the closing price by a user-defined percentage (default is 0.5%), representing a potential resistance or target level.
Bottom Line (Green): Placed below the closing price by the same percentage, representing a potential support level.
Each line is labeled on the latest bar with its corresponding price, making it easier to visualize key price levels. This tool can be helpful for setting price targets, identifying support/resistance zones, and managing risk in your trading strategy.
Risk MeterRisk Meter Indicator for TradingView
The Risk Meter is a powerful market risk assessment tool designed to help traders evaluate the current risk environment using a simple, data-driven score. By analyzing four critical market factors—VIX (volatility index), market breadth, trailing volatility, and credit spreads—the indicator generates a risk score between 0 and 4. This score empowers traders to make informed decisions about hedging, exiting positions, or re-entering the market, with clear visual cues and alerts for intraday monitoring.
What It Does
Calculates a Risk Score: Assigns a score from 0 to 4, where each point reflects an active risk condition based on four market indicators.
Identifies Risk Levels:
A score of 3 or higher indicates a high-risk environment, suggesting traders consider hedging or reducing exposure.
A score of 2 or lower for at least two consecutive days signals a potential opportunity to re-enter the market.
Provides Visual Feedback: Uses color-coded Columns, threshold markers, and a component table for quick interpretation.
Supports Decision-Making: Offers a structured approach to managing risk and timing trades.
How It Works
The Risk Meter aggregates four key risk conditions, each contributing 1 point to the total score when triggered:
Elevated and Rising VIX (Risk 1)
Condition: The VIX is above 18 and higher than it was 20 days ago.
Purpose: Detects increasing market fear or uncertainty.
Market Breadth Dropping (Risk 2)
Condition: Either:
Fewer than 50% of S&P 500 stocks are above their 200-day moving average and fewer than 70% are above their 50-day moving average, or
The 3-day EMA of the 200-day breadth falls below 80% of its 20-day SMA.
Purpose: Identifies weakening participation across the market.
Trailing Volatility (Risk 3)
Condition: The 30-day annualized volatility of the equal-weight S&P 500 (RSP) exceeds 35%.
Purpose: Highlights periods of heightened price instability.
Credit Spreads (Risk 4)
Condition: The price ratio of high-yield bonds (HYG) to Treasuries (TLT or IEF) is lower than it was 20 days ago, indicating widening credit spreads.
Purpose: Signals potential stress in credit markets.
The total risk score is the sum of these conditions (0 to 4). Additionally, the indicator tracks consecutive days with a score of 2 or lower to generate re-entry signals.
How to Read It Intraday
The Risk Meter is built on daily data but can be monitored intraday for real-time insights. Here’s how traders can interpret it:
Risk Score Plot:
Displayed as a step line ranging from 0 to 4.
Colors:
Red: High risk (score ≥ 3) – caution advised.
Green: Re-entry signal – score ≤ 2 for at least two consecutive days (triggered when the count increments from 1 to 2).
Blue: Neutral or low risk (score < 3 without a re-entry signal).
Threshold Lines:
Dashed Gray Line at 3: Marks the high-risk threshold.
Dotted Gray Line at 2: Indicates the low-risk threshold for re-entry signals.
Risk Component Table:
Located in the top-right corner, it lists:
VIX, Breadth, Volatility, and Credit Spreads.
Status: Shows "" (warning, red) if the risk condition is met, or "✓" (safe, blue) if not.
Helps traders pinpoint which factors are driving the score.
Alerts:
High Risk Alert: Triggers when the score moves from < 3 to ≥ 3.
Re-entry Signal Alert: Triggers when the score ≤ 2 for two consecutive days.
Intraday Usage Tips
Check the indicator throughout the day for early signs of risk shifts, especially if the score is near a threshold (e.g., 2 or 3).
Combine with other intraday tools (e.g., price action, volume) since the Risk Meter updates daily but reflects broader market conditions.
How Traders Can Use It
High-Risk Signal (Score ≥ 3):
Consider hedging positions (e.g., with options) or reducing equity exposure to protect against potential downturns.
Re-entry Signal (Score ≤ 2 for 2+ Days):
Look to re-enter the market or increase exposure, as it suggests stabilizing conditions.
Daily Risk Management:
Use the score and table to assess overall market health and adjust strategies accordingly.
Alert-Driven Trading:
Set up alerts to stay notified of critical risk changes without constant monitoring.
Why Use the Risk Meter?
This indicator offers a systematic, multi-factor approach to risk assessment, blending volatility, breadth, and credit market data into an easy-to-read score. Whether you’re an intraday trader or a longer-term investor, the Risk Meter helps you stay proactive, avoid surprises, and time your trades with greater confidence.
Financial Risk Disclaimer for the Risk Meter Tool
Important Notice: The Risk Meter is a market risk assessment tool designed to provide insights into current market conditions based on historical data and predefined indicators. It is intended for informational and educational purposes only and should not be considered financial advice, a recommendation to buy or sell any securities, or a guarantee of future market performance.
Key Considerations
No Guarantee of Accuracy: While the Risk Meter utilizes reliable data sources and established financial metrics, the creators do not guarantee the accuracy, completeness, or timeliness of the information provided. Financial markets are complex and subject to rapid, unpredictable changes, and the tool’s output may not fully reflect all market dynamics.
Market Risks: Trading and investing in financial markets carry significant risks, including the potential loss of principal. Market volatility, economic shifts, and other factors can lead to unexpected outcomes. Past performance is not a reliable indicator of future results, and the Risk Meter’s assessments are based on historical data, not future predictions.
Not a Substitute for Professional Advice: The Risk Meter is not intended to replace personalized financial guidance. Users are strongly encouraged to consult a qualified financial advisor, perform their own research, and evaluate their personal financial situation, risk tolerance, and investment objectives before making any trading or investment decisions.
Limitation of Liability: The creators of the Risk Meter, including any affiliates, developers, or contributors, are not liable for any direct, indirect, incidental, or consequential losses or damages arising from the use of this tool. This includes, but is not limited to, financial losses, missed opportunities, or decisions based on the tool’s output.
User Responsibility: By using the Risk Meter, you accept full responsibility for your trading and investment decisions. You acknowledge that you use the tool at your own risk and that the creators bear no responsibility for any outcomes resulting from its use.
Final Note
The Risk Meter is a supplementary tool designed to enhance your understanding of market risk. It is not a comprehensive solution for investment management. Approach trading and investing with caution, ensuring your decisions align with your personal financial strategy.
ATR Stop Loss & 3 TP FinderATR Stop Loss & 3 TP Finder - By SeehraSingh
This indicator is designed to help traders automate Stop Loss (SL) and Take Profit (TP) placement based on the Average True Range (ATR). It dynamically calculates:
Stop Loss (SL): Set based on a user-defined ATR multiplier.
Three Take Profit (TP) levels: Configurable ATR multipliers for TP1, TP2, and TP3.
Customizable Price Sources: Allows traders to choose different price sources (Open, High, Low, Close, HL2, HLC3, OHLC4, HLCC4) for both SL and TP calculations.
Visual Representation: Plots dashed lines for Entry, SL, TP1, TP2, and TP3.
Table Display: Provides an easy-to-read table at the bottom showing SL, TP1, TP2, and TP3 values.
How It Works:
Select ATR length and smoothing type (RMA, SMA, EMA, WMA).
Set ATR multipliers for SL and TP levels.
Choose the price source for SL and TP calculations.
The indicator automatically plots entry, SL, and three TP levels on the chart.
Ideal For:
Traders who use ATR-based dynamic Stop Loss and Take Profit strategies.
Those who want to avoid fixed SL/TP placements and prefer volatility-based risk management.
Scalpers, Swing Traders, and Position Traders looking for automated SL/TP visualization.
Disclaimer
⚠️ Trading involves risk. This indicator is for educational purposes only and should not be considered financial advice. Always conduct your own analysis before entering any trade. The author is not responsible for any financial losses incurred while using this tool. Past performance does not guarantee future results.
CVD Oscillator - Short Term SwiftEdgeOverview
The CVD Oscillator - Short Term is a technical indicator designed to assist traders in identifying short-term buying and selling pressure in the market. It calculates the Cumulative Volume Delta (CVD) to measure the net volume difference between buying and selling activity, displayed as an oscillator in a separate panel. This indicator is tailored for short-term trading strategies, such as scalping or day trading, on low timeframes (e.g., 1-minute, 5-minute, or 15-minute charts).
How It Works
Cumulative Volume Delta (CVD): The indicator calculates CVD by assigning volume to buyers (when close > open) or sellers (when close < open). If close = open, the volume is neutral.
Short-Term Focus: The CVD is calculated over a user-defined lookback period (default: 10 candles), making it sensitive to recent market activity.
Normalization: The raw CVD is normalized by dividing it by the average volume (over a short period, default: 5 candles) and scaled to fit within a range of -100 to +100, creating an oscillator-like behavior.
Reset Options: Users can reset the CVD at specific intervals (e.g., every minute, 5 minutes, 15 minutes, or daily) to focus on intraday movements.
Live CVD Value: The raw (unnormalized) CVD value is displayed as a label on each candle for real-time monitoring.
Key Features
Customizable Lookback Period: Adjust the number of recent candles (default: 10) to calculate CVD, allowing for precise short-term analysis.
Flexible Reset Periods: Choose to reset the CVD every 1 minute, 5 minutes, 15 minutes, daily, or never, to suit your trading style.
Normalized Oscillator: The CVD is scaled between -100 and +100, making it easier to visualize short-term momentum.
Live CVD Labels: Displays the raw CVD value on each candle, with options to position the label above or below the oscillator line.
How to Use
Add to Chart: Apply the indicator to your chart on a low timeframe (e.g., 1m, 5m, or 15m) for short-term trading.
Interpret the Oscillator:
Above 0 (Green): Indicates buying pressure dominates.
Below 0 (Red): Indicates selling pressure dominates.
Near 0: Suggests neutral market conditions.
Monitor Live CVD: Use the raw CVD value (shown in the label) to assess the exact net volume difference over the lookback period.
Combine with Other Tools: Use the oscillator alongside price action, support/resistance levels, or other indicators to confirm trading decisions.
Adjust Settings:
CVD Lookback Period: Set to a small value (e.g., 5-20 candles) for scalping.
CVD Reset Period: Choose "1m" or "5m" for intraday resets to focus on very short-term trends.
Volume Average Length: Use a short length (e.g., 3-5) for faster responsiveness.
Scale Factor: Increase (e.g., 2.0-3.0) to amplify small changes in CVD.
Settings
CVD Reset Period: Defines when to reset the CVD calculation ("None", "D" for daily, "15m", "5m", "1m").
CVD Lookback Period (Candles): Number of recent candles to calculate CVD (default: 10).
Volume Average Length: Period for averaging volume to normalize CVD (default: 5).
CVD Scale Factor: Adjusts the sensitivity of the normalized CVD (default: 2.0).
CVD Label Position: Choose to display the raw CVD label above or below the oscillator line.
CVD Label Color: Customize the color of the CVD label (default: white).
Limitations
Not a Standalone Tool: This indicator should be used in conjunction with other technical analysis tools, as it does not guarantee profitable trades.
Volume Dependency: The accuracy of CVD relies on the quality of volume data provided by your broker or exchange.
Short-Term Focus: The indicator is optimized for low timeframes and may produce noise on higher timeframes unless adjusted.
No Predictive Claims: The CVD Oscillator reflects past and current market activity but does not predict future price movements.
Notes
This indicator is designed for informational purposes and does not constitute financial advice. Trading involves risk, and past performance is not indicative of future results.
Test the indicator on a demo account to understand its behavior before using it in live trading.
Feedback is welcome! If you have suggestions for improvements, feel free to share them in the comments.
BTC Trend Momentum (BTM) with VWMOBTC Trend Momentum (BTM) with VWMO – A Smarter Way to Trade Bitcoin 🚀
Overview
Bitcoin price movements can be volatile, often leading to fake breakouts and whipsaws that mislead traders. BTC Trend Momentum (BTM), combined with Volume Weighted Moving Average (VWMO), helps smooth out market noise and provide clearer trend signals.
This script integrates momentum analysis, trend strength detection, and zero-line crossovers, allowing traders to make smarter entries and exits while avoiding false signals.
⸻
Why Use This Indicator?
✅ Momentum Histogram – Easily visualize trend strength with color-coded bars.
✅ Volume-Weighted Analysis – Uses VWMO to filter out weak price movements.
✅ Zero Line Crossover Alerts – Identifies major trend shifts in real-time.
✅ Dynamic Color Coding – Stronger trends highlighted in brighter colors.
✅ Background Shading – Differentiates bullish & bearish zones for easy trend reading.
✅ Built-in Alerts – Get notified of trade opportunities instantly.
⸻
How to Trade Using BTC Trend Momentum (BTM)
🔹 Buy Signal: When the momentum histogram (green bars) crosses above the EMA (orange line).
🔹 Sell Signal: When the momentum histogram (red bars) crosses below the EMA.
🔹 Strong Trend Confirmation: If histogram bars turn lime (bullish) or maroon (bearish), it indicates strong momentum.
🔹 Zero Line Crossovers: A bullish crossover above zero confirms an uptrend, while a bearish crossover below zero confirms a downtrend.
For better results, combine with RSI, MACD, or VWAP to confirm trend strength before entering trades.
⸻
Best Timeframes for Trading
📌 1H & 4H – Ideal for swing trading Bitcoin.
📌 5M & 15M – Perfect for scalping BTC with precision.
⸻
💡 Would you integrate BTC Trend Momentum (BTM) into your trading strategy? Let us know your thoughts below!
PSP - NQ ES YMThe PSP - NQ ES YM indicator tracks the price movements of the NQ, ES, and YM futures to identify correlation and divergence between them.
🔸 Orange dot (above candle) → When NQ and ES have opposite trends (one up, one down).
🔹 Blue dot (below candle) → When YM differs from either NQ or ES, but NQ and ES are aligned.
🟠🔹 Both dots on the same candle → When NQ and ES differ, and one of them also differs from YM.
🟢 Green dot (above candle at 12 AM NY time) → Marks the daily open at 12 AM New York time.
This helps traders spot market divergence patterns between major indices and potential trading opportunities. 🚀
Time-Weighted Price Action IndicatorThe Time-Weighted Price Action Indicator is a simple yet effective tool designed to detect consolidation zones based on time duration and highlight potential reversal points using a contrarian breakout logic. Instead of following traditional breakout strategies, this indicator aims to capitalize on false breakouts and reversal entries.
How It Works
• The indicator identifies a price range (zone) using a configurable lookback period.
• If the price remains within this range for a specified number of bars (threshold), a consolidation zone is confirmed.
• Once a breakout or breakdown from this zone occurs, the indicator triggers a reversed signal — suggesting a potential reversal instead of a trend-following entry.
• Support and resistance levels are marked visually, and BUY/SELL labels are plotted when price re-enters the zone, indicating potential exhaustion or traps.
Key Features
• ✅ Time-based consolidation detection
• ✅ Contrarian signal logic (Buy at breakdowns, Sell at breakouts)
• ✅ Dynamic zone plotting with support/resistance visualization
• ✅ Auto-reset after each breakout for fresh zone detection
• ✅ Visual labels and alerts for BUY/SELL signals
How to Use
• Ideal for range-bound markets or identifying trap zones around support/resistance.
• Use in conjunction with volume, momentum, or trend filters to refine entries.
• Can complement mean reversion strategies or be used as a signal confirmation tool.
Why This Combination?
This approach blends time-based consolidation logic with a contrarian price action perspective, offering traders a different lens to analyze markets. Instead of blindly following breakouts, it highlights areas where price rejections and false breakouts often occur — common in algorithm-driven markets.
Why It’s Worth Using
This indicator helps you stay ahead of trap zones, identify reversal spots, and understand price behavior in consolidation zones — a critical edge, especially in sideways or choppy markets. It adds context to price movement, helping traders avoid common breakout failures.
Note:
• No performance guarantees or exaggerated claims.
• No solicitation or promotional language used.
• This is a free, open-source educational tool meant to aid price action understanding.
Broad Market MOEX### **Broad Market for Russia**
The **Broad Market for Russia** indicator provides a comparative analysis of the price deviation of major Russian stocks relative to their average closing price over a customizable lookback period. This tool helps traders identify market trends and detect relative strength or weakness among different assets.
### **How It Works:**
- The indicator calculates the **percentage deviation** of each stock’s current price from its **simple moving average (SMA)** over the defined **lookback period (in hours).**
- The **default lookback period is 24 hours**, but it can be adjusted based on the trader’s needs.
- It tracks major Russian assets, including **Gazprom, Sberbank, Lukoil, Rosneft, Norilsk Nickel, Yandex, and others**, alongside the currently selected instrument.
- Each stock’s deviation is plotted on a separate panel, allowing for quick visual comparison.
- **Positive deviation** indicates that the price is trading above its average, signaling potential **bullish momentum**.
- **Negative deviation** suggests the price is below its average, possibly indicating **bearish conditions**.
This indicator is particularly useful for traders in the Russian stock market who want to gauge broader market strength and detect divergence patterns across multiple assets.
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### **Broad Market for Russia**
Индикатор **Broad Market for Russia** предоставляет сравнительный анализ отклонения цены крупнейших российских акций относительно их среднего значения за настраиваемый период. Этот инструмент помогает трейдерам выявлять рыночные тренды и определять относительную силу или слабость активов.
### **Как это работает:**
- Индикатор рассчитывает **процентное отклонение** текущей цены каждой акции от её **простого скользящего среднего (SMA)** за заданный **период анализа (в часах).**
- **Период анализа по умолчанию — 24 часа**, но его можно изменять в зависимости от предпочтений трейдера.
- В индикаторе отслеживаются **крупнейшие российские активы**, такие как **Газпром, Сбербанк, Лукойл, Роснефть, Норникель, Яндекс и другие**, а также текущий выбранный инструмент.
- Отклонение каждой акции отображается на отдельной панели, что позволяет быстро проводить визуальное сравнение.
- **Положительное отклонение** означает, что цена торгуется выше своего среднего значения, что может сигнализировать о **бычьем тренде**.
- **Отрицательное отклонение** указывает, что цена ниже своего среднего значения, что может свидетельствовать о **медвежьей тенденции**.
Этот индикатор особенно полезен для трейдеров российского фондового рынка, которые хотят оценить силу всего рынка и выявлять расхождения между различными активами.
Broad Market for Crypto**Broad Market for Crypto** indicator provides a comparative analysis of the price deviation of multiple major cryptocurrencies relative to their average closing price over a customizable lookback period. This tool helps traders identify market trends and spot relative strength or weakness among different assets.
### **How It Works:**
- The indicator calculates the percentage deviation of each cryptocurrency’s current price from its simple moving average (SMA) over the defined **lookback period (in hours).**
- The **default lookback period is 24 hours**, but it can be adjusted according to the trader's preference.
- It tracks major crypto assets, including **BTC, ETH, BNB, SOL, XRP, ADA, AVAX, LINK, DOGE, and TRX**, alongside the currently selected instrument.
- Each cryptocurrency’s deviation is plotted on a separate panel, allowing for quick visual comparison.
- Positive deviation indicates that the price is trading above its average, signaling potential bullish momentum.
- Negative deviation suggests the price is below its average, possibly indicating bearish conditions.
This indicator is particularly useful for crypto traders who want to gauge the broader market’s strength and detect divergence patterns across multiple assets.
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**Broad Market for Crypto - Описание индикатора**
Индикатор **Broad Market for Crypto** предоставляет сравнительный анализ отклонения цены различных крупных криптовалют относительно их среднего значения за настраиваемый период. Этот инструмент помогает трейдерам выявлять рыночные тренды и определять относительную силу или слабость активов.
### **Как это работает:**
- Индикатор рассчитывает **процентное отклонение** текущей цены каждой криптовалюты от её **простого скользящего среднего (SMA)** за заданный **период анализа (в часах)**.
- **Период анализа по умолчанию — 24 часа**, но его можно изменять в зависимости от предпочтений трейдера.
- В индикаторе отслеживаются основные криптоактивы: **BTC, ETH, BNB, SOL, XRP, ADA, AVAX, LINK, DOGE и TRX**, а также текущий выбранный инструмент.
- Отклонение каждой криптовалюты отображается на отдельной панели, что позволяет быстро проводить визуальное сравнение.
- **Положительное отклонение** означает, что цена торгуется выше своего среднего значения, что может сигнализировать о **бычьем тренде**.
- **Отрицательное отклонение** указывает, что цена ниже своего среднего значения, что может свидетельствовать о **медвежьей тенденции**.
Этот индикатор особенно полезен для криптотрейдеров, желающих оценить силу всего рынка и выявлять расхождения между различными активами.
TWAP & VWAP CombinedThis script integrates Time Weighted Average Price (TWAP) and Volume Weighted Average Price (VWAP) into a single TradingView indicator, allowing traders to analyze both price-weighted and volume-weighted trends simultaneously.
Features:
TWAP Calculation:
Computes the average price over a specified anchor period (e.g., daily).
Resets and recalculates TWAP when the anchor period changes.
Uses the OHLC4 (Open, High, Low, Close average) as the default price source.
VWAP Calculation:
Computes the VWAP based on the selected anchor period (Session, Week, Month, etc.).
Allows the option to hide VWAP when the timeframe is 1D or higher.
Uses HLC3 (High, Low, Close average) as the default source.
Dynamically resets VWAP at the start of a new period.
Customization Options:
Users can modify the source price for TWAP and VWAP calculations.
Adjustable offsets for both indicators to shift plots forward or backward.
Ability to select different VWAP anchor periods, including earnings, dividends, and splits.
Error Handling:
Displays an error message if volume data is missing, ensuring VWAP functions correctly.
Mehul - ADX Zero LagThis script combines two popular technical indicators into a single visualization:
1. **Average Directional Index (ADX)**:
- Measures trend strength on a scale from 0-100 (now normalized to 0-1 by dividing by 100)
- Displayed as a red line
- Adjustable smoothing and length parameters
2. **Zero Lag MACD (Modified Moving Average Convergence Divergence)**:
- An enhanced version of the traditional MACD with reduced lag
- Shows the relationship between fast and slow moving averages
- Main components include:
- MACD line (black)
- Signal line (gray)
- Histogram (green for positive, purple for negative)
- EMA of the MACD line (red)
- Optional crossing dots
Key features of the combined indicator:
- **Scale Adjustment**: Both indicators can be scaled independently (adxScale and macdScale parameters)
- **Visibility Toggles**: Each indicator can be shown or hidden
- **Advanced Customization**: Parameters for both indicators can be fine-tuned
- **Algorithm Selection**: Option to choose between the "Glaz" algorithm or the "real" zero lag algorithm
- **Display Options**: Toggles for visualization elements like crossing dots
The most significant technical aspect is that both indicators are displayed in the same pane with compatible scaling, achieved by normalizing the ADX values and applying user-defined scale factors to both indicators.
This combined indicator is designed to give traders a comprehensive view of both trend strength (from ADX) and momentum/direction (from Zero Lag MACD) in a single, easy-to-read visualization.
Rolling Cumulative Volume DeltaRolling CVD is your market’s lie detector no resets, just raw volume truth! checks: close > open? Add volume (buyers flexing). Close < open? Subtract it (sellers sulking). Ties = zero. It rolls forever, plotting the vibe.
Use it when price fakes you out rising but CVD dips? Trouble. Dropping but CVD climbs? Sneaky strength. Perfect for scalpers sniffing momentum, swing traders riding waves, or that volume-obsessed buddy who overanalyses everything!
Shines best on timeframes under 15m to catch those sneaky price fibs in action!
Don’t bet your lunch money on Rolling CVD alone, you wild child! Pair it with your fave indicators RSI, moving averages, tea leaves, whatever because confluence is king. It’s a sly hint, not a crystal ball, so trade smart or the market’ll spank ya!
Cumulative New Highs - New Lows IndicatorThis indicator is designed to track market momentum by calculating and plotting the cumulative sum of 52 weeks High-Low for different indices, alongside a customizable moving average.
Index Selection:
Users can choose from multiple indices, including:
Total Stock Market (default)
NYSE Composite
Nasdaq Composite
S&P 500
Nasdaq 100
Russell 2000
Moving Average Customization:
The script allows you to select between a Simple Moving Average (SMA) or an Exponential Moving Average (EMA) for smoothing the cumulative data. The window length of the moving average is also adjustable, letting you tailor the sensitivity of the trend analysis.
Dynamic Background Plotting:
With the background plot option enabled, the indicator changes the chart's background color dynamically:
Green: When the cumulative sum is above its moving average, suggesting bullish momentum.
Red: When it is below the moving average, indicating bearish conditions.
Visual Representation:
Two key lines are plotted:
Cumulative Index Line: Displayed in a subtle blue, representing the aggregated market movement.
Moving Average Line: Shown in an orange tone, offering a smoothed perspective that aids in identifying trend shifts.
Inspiration:
I took inspiration from the indicator made by YoxTrades (I can't put links, but you can check their profile) and added a few features I wanted on top of it.
Footprint Chart by Th16rryDescription of the "Footprint Chart" Indicator
This indicator is an approximation of a true **Footprint Chart** adapted for TradingView, which does not provide access to tick-by-tick data or detailed order book information. It relies on **heuristics** to estimate the distribution of volume between buyers and sellers for each candlestick.
Key Features:
- Estimation of Buy/Sell Volume:
The indicator splits the total volume of a candlestick into two parts based on the candle's nature:
- For a bullish candle (close > open), it assumes that **60% of the volume** is executed on the ask (buys) and **40% on the bid** (sells).
- For a bearish candle (close < open), the estimation is reversed (40% buys, 60% sells).
- For a neutral candle (close = open), the volume is evenly distributed at 50% for each side.
- Calculation of a Simplified Delta:
The delta is defined as the difference between the estimated buy volume and sell volume. This delta helps quickly identify the dominant market pressure—positive for buyer dominance and negative for seller dominance.
- Visual Display:
- A label is placed on each candlestick displaying the delta value, with a green background for a positive delta (indicating buying pressure) and red for a negative delta (indicating selling pressure).
- A table in the top-right corner of the chart summarizes the estimated volumes for the current candle: buy volume, sell volume, and total volume.
#### How to Use the Indicator:
- Analyzing Buy/Sell Pressure:
By observing the label's color and the delta value, a trader can quickly assess whether the market shows a dominant buying or selling pressure during a given candle.
- Complementing Other Tools:
This indicator can be used alongside other technical analysis tools, such as the Volume Profile or trend indicators, to gain a more comprehensive understanding of market behavior.
- Supporting Decision Making:
By providing a visual estimate of the volume distribution, it can help identify divergences between price movement and volume activity, which may signal potential reversals or confirm ongoing trends.
Limitations:
- Heuristic Approximation:
The method of volume distribution is based on simple assumptions and does not reflect the actual order flow, which would require tick-by-tick data to be accurately represented.
- Data Limitations on TradingView:
Due to TradingView’s restrictions on accessing detailed order book data, this indicator can only approximate a Footprint Chart and does not replace specialized tools.
In summary, the "Footprint Chart" indicator provides a visual and quick estimation of the volume distribution between buyers and sellers for each candlestick, offering valuable insights into order flow dynamics while remaining aware of its heuristic limitations.
EMA Cross CounterEMA Cross Counter – Trend & Crossover Analyzer
🔥 Description
The EMA Cross Counter is an advanced indicator designed to detect price crossovers with the EMA 200 and provide insightful trend analysis. It highlights valid signals and displays success statistics directly on the chart.
🎯 Key Features
✅ Crossover Detection: Identifies moments when the price crosses the EMA 200 upward or downward.
✅ Signal Filtering: Valid signals (leading to sustained trends) are shown in blue, while invalid signals are faded.
✅ Performance Analysis: A statistics table shows the number of crossovers and their success rate.
✅ Dynamic EMA Coloring:
🟢 Green when the trend is bullish
🔴 Red when the trend is bearish
⚪ Gray when the market is in a range
✅ Range Detection: If the price remains within a narrow range for 30 candles, the EMA turns gray to indicate trend uncertainty.
✅ Stop-Loss (SL) Display: A dashed red line appears below sell signals and above buy signals (adjustable in pips).
✅ Automatic Alerts: Get notified when a significant crossover occurs.
📈 How to Use It?
1️⃣ Look for blue signals as potential trade entries.
2️⃣ Avoid trading when the EMA is gray (ranging market).
3️⃣ Use success rate statistics to evaluate crossover reliability.
4️⃣ Adjust SL distance in the settings to match your risk management strategy.
🛠 Customization Options
Adjustable EMA period
Configurable range threshold
SL distance customizable in pips
Enable/Disable alerts
💡 Ideal for scalping and swing trading, this indicator offers clear trend insights to enhance your decision-making process!
💬 Try it out and share your feedback! 🚀
Volume Pressure Histogram (Normalized)Overview
The Volume Pressure Histogram is designed to help traders analyze buying and selling pressure using real volume data.
Unlike traditional momentum indicators that rely solely on price movements, VPH measures the strength of bullish and bearish volume, providing insights into market participation.
How It Works
The histogram represents the difference between buying and selling volume over a selected period.
Green bars indicate strong buying pressure, while red bars signal strong selling pressure.
Lime and orange bars (if enabled) represent moderate buying and selling activity.
A white signal line smooths volume data to track momentum shifts over time.
How to Use It
Trend Confirmation: When price is rising and green bars increase, the trend is supported by real buying pressure.
Reversal Detection: If price makes a new high but green bars shrink, buyers may be losing strength.
Breakout Strength: A breakout with rising volume pressure confirms strong participation, while weak volume pressure suggests a potential fake move.
Divergence Signals: If price moves higher, but volume pressure declines, the move may lack conviction and could reverse.
Customization Options
Threshold Multiplier (default = 20) controls when green and red bars appear, filtering out weaker signals.
Log Scale Option helps normalize extreme volume spikes.
Adjustable Smoothing Length for both the histogram and signal line.
Why Use This Indicator
Provides a volume-based approach to analyzing market trends.
Can confirm or contradict price movements, helping identify strong or weak trends.
Works across multiple markets, including stocks, forex, crypto, and indices.
This indicator is designed for educational and informational purposes only and does not provide financial advice.
Consecutive Close Tracker (CCT)Consecutive Close Tracker (CCT) Indicator
The Consecutive Close Tracker (CCT) is a powerful momentum and breakout detection tool designed to identify consecutive bullish and bearish closes, potential reversals, and breakout points. By tracking consecutive candle closes and plotting key levels, this indicator provides traders with visual cues to recognize trend continuations, reversals, and breakout opportunities effectively.
🔹 Key Features of CCT
1️⃣ Consecutive Move Lines (Green/Red/Yellow Lines)
Tracks three consecutive bullish or bearish closes.
If the fourth candle confirms the trend, a green line (bullish) or red line (bearish) is drawn.
If the fourth candle fails to confirm, a yellow line is drawn, signaling potential indecision.
Helps traders spot trend continuations and exhaustion points.
2️⃣ Reversal Detection Lines (Cyan & Light Red)
Identifies bullish and bearish reversals based on three higher/lower closes followed by a reversal.
A cyan line indicates a bullish reversal, while a light red line signals a bearish reversal.
Useful for traders looking for trend reversals and key turning points.
3️⃣ Breakout Line (Dynamic Resistance/Support Level)
Automatically calculates a breakout level based on the previous timeframe’s open and close.
Can be customized to use different timeframes (e.g., hourly, daily, weekly).
Acts as a dynamic resistance or support level, helping traders determine breakout opportunities.
🔍 How to Use the Indicator?
✅ 1. Spotting Trend Continuations with Consecutive Move Lines
Green Line: Three consecutive bullish closes followed by a fourth higher close.
🚀 Indicates strong buying pressure & potential uptrend continuation.
Red Line: Three consecutive bearish closes followed by a fourth lower close.
📉 Indicates strong selling pressure & potential downtrend continuation.
Yellow Line: Three consecutive closes, but the fourth candle fails to confirm.
⚠️ Signals possible indecision or trend exhaustion.
🔥 Best Strategy:
If a green line appears near support, consider long entries.
If a red line appears near resistance, consider short entries.
If a yellow line appears, wait for further confirmation before entering a trade.
✅ 2. Identifying Trend Reversals with Reversal Lines
Cyan Line: A bearish trend with three consecutive lower closes, followed by a bullish candle → Possible uptrend reversal.
Light Red Line: A bullish trend with three consecutive higher closes, followed by a bearish candle → Possible downtrend reversal.
🔥 Best Strategy:
If a cyan line appears near a major support level, look for long entry opportunities.
If a light red line appears near resistance, prepare for a potential short entry.
Use these lines in combination with candlestick patterns (e.g., bullish engulfing, pin bars) for confirmation.
✅ 3. Using the Breakout Line for Key Entry & Exit Points
The breakout line represents a key dynamic level (midpoint of the previous timeframe’s open & close).
If price breaks above the breakout line, it suggests bullish momentum → Consider long trades.
If price breaks below the breakout line, it suggests bearish momentum → Consider short trades.
🔥 Best Strategy:
Use the breakout line in combination with support & resistance levels.
When price approaches the breakout line, watch for confirmation candles before entering a trade.
The breakout line can also act as a stop-loss or take-profit level.
🎯 How to Utilize CCT Effectively?
✅ For Intraday Traders
Use the consecutive close tracker on a 5M or 15M chart to catch short-term trends.
Watch for reversal lines near major intraday support/resistance for quick scalping opportunities.
Use the breakout line from the hourly chart to identify potential trend shifts.
✅ For Swing Traders
Apply the indicator on 1H, 4H, or daily charts to track medium-term trends.
Look for green/red lines near key Fibonacci retracement or pivot levels.
Use reversal lines to detect early trend reversals before bigger moves occur.
✅ For Breakout Traders
Focus on the breakout line on higher timeframes (e.g., 1H, 4H, Daily) to identify strong momentum shifts.
If price crosses the breakout line with strong volume, enter trades with trend confirmation.
Place stop-loss just below the breakout level for controlled risk management.
🏆 Final Thoughts
The Consecutive Close Tracker (CCT) is a powerful momentum and reversal indicator that helps traders:
✅ Identify strong trend continuations (green/red lines).
✅ Detect early reversal points (cyan/light red lines).
✅ Use a dynamic breakout line for better trade entries & exits.
Whether you’re an intraday trader, swing trader, or breakout trader, this tool can enhance your market insights and improve your trading decisions. 📈🔥
🚀 Try it out, and integrate it with your strategy to maximize its potential! 🚀
ATR Table with Average [filatovlx]ATR indicator with advanced analytics
Description:
The ATR (Average True Range) indicator is a powerful tool for analyzing market volatility. Our indicator not only calculates the classic ATR, but also provides additional metrics that will help traders make more informed decisions. The indicator displays key values in a convenient table, which makes it ideal for trading in any market: stocks, forex, cryptocurrencies and others.
Main functions:
Current ATR value:
Current ATR (Points) — the current ATR value in points. It shows the absolute level of volatility.
Current ATR (%) — the current ATR value as a percentage of the price. It helps to estimate the volatility relative to the current price of an asset.
The ATR value on the previous bar:
ATR 1 Bar Ago (Points) — the ATR value on the previous bar in points. Allows you to compare the current volatility with the previous one.
ATR 1 Bar Ago (%) — the ATR value on the previous bar as a percentage. It is convenient for analyzing changes in volatility
Индикатор ATR с расширенной аналитикой
Описание:
Индикатор ATR (Average True Range) — это мощный инструмент для анализа волатильности рынка. Наш индикатор не только рассчитывает классический ATR, но и предоставляет дополнительные метрики, которые помогут трейдерам принимать более обоснованные решения. Индикатор отображает ключевые значения в удобной таблице, что делает его идеальным для использования в торговле на любых рынках: акции, форекс, криптовалюты и другие.
Основные функции:
Текущее значение ATR:
Current ATR (Points) — текущее значение ATR в пунктах. Показывает абсолютный уровень волатильности.
Current ATR (%) — текущее значение ATR в процентах от цены. Помогает оценить волатильность относительно текущей цены актива.
Значение ATR на предыдущем баре:
ATR 1 Bar Ago (Points) — значение ATR на предыдущем баре в пунктах. Позволяет сравнить текущую волатильность с предыдущей.
ATR 1 Bar Ago (%) — значение ATR на предыдущем баре в процентах. Удобно для анализа изменения волатильности.
Среднее значение ATR за последние 5 баров:
ATR Avg (5 Bars) (Points) — среднее значение ATR за последние 5 баров в пунктах. Показывает сглаженный уровень волатильности.
ATR Avg (5 Bars) (%) — среднее значение ATR за последние 5 баров в процентах. Помогает оценить общий тренд волатильности.
Преимущества индикатора:
Удобство использования: Все ключевые значения выводятся в компактной таблице, что экономит время на анализ.
Гибкость: Возможность настройки периода ATR и длины скользящего среднего под ваши торговые стратегии.
Универсальность: Подходит для любых рынков и таймфреймов.
Наглядность: Процентные значения ATR помогают быстро оценить уровень волатильности относительно цены актива.
Повышение точности: Дополнительные метрики (например, среднее значение ATR) позволяют лучше понимать текущую рыночную ситуацию.
Для кого этот индикатор?
Трейдеры, которые хотят лучше понимать волатильность рынка.
Скальперы и внутридневные трейдеры, которым важно быстро оценивать изменения волатильности.
Инвесторы, которые используют ATR для определения стоп-лоссов и тейк-профитов.
Разработчики торговых стратегий, которым нужны точные данные для тестирования и оптимизации.
Как это работает?
Индикатор автоматически рассчитывает все значения и выводит их в таблицу на графике. Вам не нужно вручную считать или анализировать данные — просто добавьте индикатор на график, и вся информация будет перед вами.
Enhanced KLSE Banker Flow Oscillator# Enhanced KLSE Banker Flow Oscillator
## Description
The Enhanced KLSE Banker Flow Oscillator is a sophisticated technical analysis tool designed specifically for the Malaysian stock market (KLSE). This indicator analyzes price and volume relationships to identify potential smart money movements, providing early signals for market reversals and continuation patterns.
The oscillator measures the buying and selling pressure in the market with a focus on detecting institutional activity. By combining money flow calculations with volume filters and price action analysis, it helps traders identify high-probability trading opportunities with reduced noise.
## Key Features
- Dual-Timeframe Analysis: Combines long-term money flow trends with short-term momentum shifts for more accurate signals
- Adaptive Volume Filtering: Automatically adjusts volume thresholds based on recent market conditions
- Advanced Divergence Detection: Identifies potential trend reversals through price-flow divergences
- Early Signal Detection: Provides anticipatory signals before major price movements occur
- Multiple Signal Types: Offers both early alerts and strong confirmation signals with clear visual markers
- Volatility Adjustment: Adapts sensitivity based on current market volatility for more reliable signals
- Comprehensive Visual Feedback: Color-coded oscillator, signal markers, and optional text labels
- Customizable Display Options: Toggle momentum histogram, early signals, and zone fills
- Organized Settings Interface: Logically grouped parameters for easier configuration
## Indicator Components
1. Main Oscillator Line: The primary banker flow line that fluctuates above and below zero
2. Early Signal Line: Secondary indicator showing potential emerging signals
3. Momentum Histogram: Visual representation of flow momentum changes
4. Zone Fills: Color-coded background highlighting positive and negative zones
5. Signal Markers: Visual indicators for entry and exit points
6. Reference Lines: Key levels for strong and early signals
7. Signal Labels: Optional text annotations for significant signals
## Signal Types
1. Strong Buy Signal (Green Arrow): Major bullish signal with high probability of success
2. Strong Sell Signal (Red Arrow): Major bearish signal with high probability of success
3. Early Buy Signal (Blue Circle): First indication of potential bullish trend
4. Early Sell Signal (Red Circle): First indication of potential bearish trend
5. Bullish Divergence (Yellow Triangle Up): Price making lower lows while flow makes higher lows
6. Bearish Divergence (Yellow Triangle Down): Price making higher highs while flow makes lower highs
## Parameters Explained
### Core Settings
- MFI Base Length (14): Primary calculation period for money flow index
- Short-term Flow Length (5): Calculation period for early signals
- KLSE Sensitivity (1.8): Multiplier for flow calculations, higher = more sensitive
- Smoothing Length (5): Smoothing period for the main oscillator line
### Volume Filter Settings
- Volume Filter % (65): Minimum volume threshold as percentage of average
- Use Adaptive Volume Filter (true): Dynamically adjusts volume thresholds
### Signal Levels
- Strong Signal Level (15): Threshold for strong buy/sell signals
- Early Signal Level (10): Threshold for early buy/sell signals
- Early Signal Threshold (0.75): Sensitivity factor for early signals
### Advanced Settings
- Divergence Lookback (34): Period for checking price-flow divergences
- Show Signal Labels (true): Toggle text labels for signals
### Visual Settings
- Show Momentum Histogram (true): Toggle the momentum histogram display
- Show Early Signal (true): Toggle the early signal line display
- Show Zone Fills (true): Toggle background color fills
## How to Use This Indicator
### Installation
1. Add the indicator to your TradingView chart
2. Default settings are optimized for KLSE stocks
3. Customize parameters if needed for specific stocks
### Basic Interpretation
- Oscillator Above Zero: Bullish bias, buying pressure dominates
- Oscillator Below Zero: Bearish bias, selling pressure dominates
- Crossing Zero Line: Potential shift in market sentiment
- Extreme Readings: Possible overbought/oversold conditions
### Advanced Interpretation
- Divergences: Early warning of trend exhaustion
- Signal Confluences: Multiple signal types appearing together increase reliability
- Volume Confirmation: Signals with higher volume are more significant
- Momentum Alignment: Histogram should confirm direction of main oscillator
### Trading Strategies
#### Trend Following Strategy
1. Identify market trend direction
2. Wait for pullbacks shown by oscillator moving against trend
3. Enter when oscillator reverses back in trend direction with a Strong signal
4. Place stop loss below/above recent swing low/high
5. Take profit at previous resistance/support levels
#### Counter-Trend Strategy
1. Look for oscillator reaching extreme levels
2. Identify divergence between price and oscillator
3. Wait for oscillator to cross Early signal threshold
4. Enter position against prevailing trend
5. Use tight stop loss (1 ATR from entry)
6. Take profit at first resistance/support level
#### Breakout Confirmation Strategy
1. Identify stock consolidating in a range
2. Wait for price to break out of range
3. Confirm breakout with oscillator crossing zero line in breakout direction
4. Enter position in breakout direction
5. Place stop loss below/above the breakout level
6. Trail stop as price advances
### Signal Hierarchy and Reliability
From highest to lowest reliability:
1. Strong Buy/Sell signals with divergence and high volume
2. Strong Buy/Sell signals with high volume
3. Divergence signals followed by Early signals
4. Strong Buy/Sell signals with normal volume
5. Early Buy/Sell signals with high volume
6. Early Buy/Sell signals with normal volume
## Complete Trading Plan Example
### KLSE Market Trading System
#### Pre-Trading Preparation
1. Review overall market sentiment (bullish, bearish, or neutral)
2. Scan for stocks showing significant banker flow signals
3. Note key support/resistance levels for watchlist stocks
4. Prioritize trade candidates based on signal strength and volume
#### Entry Rules for Long Positions
1. Banker Flow Oscillator above zero line (positive flow environment)
2. One or more of the following signals present:
- Strong Buy signal (green arrow)
- Bullish Divergence signal (yellow triangle up)
- Early Buy signal (blue circle) with confirming price action
3. Entry confirmation requirements:
- Volume above 65% of 20-day average
- Price above short-term moving average (e.g., 20 EMA)
- No immediate resistance within 3% of entry price
4. Entry on the next candle open after signal confirmation
#### Entry Rules for Short Positions
1. Banker Flow Oscillator below zero line (negative flow environment)
2. One or more of the following signals present:
- Strong Sell signal (red arrow)
- Bearish Divergence signal (yellow triangle down)
- Early Sell signal (red circle) with confirming price action
3. Entry confirmation requirements:
- Volume above 65% of 20-day average
- Price below short-term moving average (e.g., 20 EMA)
- No immediate support within 3% of entry price
4. Entry on the next candle open after signal confirmation
#### Position Sizing Rules
1. Base risk per trade: 1% of trading capital
2. Position size calculation: Capital × Risk% ÷ Stop Loss Distance
3. Position size adjustments:
- Increase by 20% for Strong signals with above-average volume
- Decrease by 20% for Early signals without confirming price action
- Standard size for all other valid signals
#### Stop Loss Placement
1. For Long Positions:
- Place stop below the most recent swing low
- Minimum distance: 1.5 × ATR(14)
- Maximum risk: 1% of trading capital
2. For Short Positions:
- Place stop above the most recent swing high
- Minimum distance: 1.5 × ATR(14)
- Maximum risk: 1% of trading capital
#### Take Profit Strategy
1. First Target (33% of position):
- 1.5:1 reward-to-risk ratio
- Move stop to breakeven after reaching first target
2. Second Target (33% of position):
- 2.5:1 reward-to-risk ratio
- Trail stop at previous day's low/high
3. Final Target (34% of position):
- 4:1 reward-to-risk ratio or
- Exit when opposing signal appears (e.g., Strong Sell for long positions)
#### Trade Management Rules
1. After reaching first target:
- Move stop to breakeven
- Consider adding to position if new confirming signal appears
2. After reaching second target:
- Trail stop using banker flow signals
- Exit remaining position when:
- Oscillator crosses zero line in opposite direction
- Opposing signal appears
- Price closes below/above trailing stop level
3. Maximum holding period:
- 20 trading days for trend-following trades
- 10 trading days for counter-trend trades
- Re-evaluate if targets not reached within timeframe
#### Risk Management Safeguards
1. Maximum open positions: 5 trades
2. Maximum sector exposure: 40% of trading capital
3. Maximum daily drawdown limit: 3% of trading capital
4. Mandatory stop trading rules:
- After three consecutive losing trades
- After reaching 5% account drawdown
- Resume after two-day cooling period and strategy review
#### Performance Tracking
1. Track for each trade:
- Signal type that triggered entry
- Oscillator reading at entry and exit
- Volume relative to average
- Price action confirmation patterns
- Holding period
- Reward-to-risk achieved
2. Review performance metrics weekly:
- Win rate by signal type
- Average reward-to-risk ratio
- Profit factor
- Maximum drawdown
3. Adjust strategy parameters based on performance:
- Increase position size for highest performing signals
- Decrease or eliminate trades based on underperforming signals
## Advanced Usage Tips
1. Combine with Support/Resistance:
- Signals are more reliable when they occur at key support/resistance levels
- Look for banker flow divergence at major price levels
2. Multiple Timeframe Analysis:
- Use the oscillator on both daily and weekly timeframes
- Stronger signals when both timeframes align
- Enter on shorter timeframe when confirmed by longer timeframe
3. Sector Rotation Strategy:
- Compare banker flow across different sectors
- Rotate capital to sectors showing strongest positive flow
- Avoid sectors with persistent negative flow
4. Volatility Adjustments:
- During high volatility periods, wait for Strong signals only
- During low volatility periods, Early signals can be more actionable
5. Optimizing Parameters:
- For more volatile stocks: Increase Smoothing Length (6-8)
- For less volatile stocks: Decrease KLSE Sensitivity (1.2-1.5)
- For intraday trading: Reduce all length parameters by 30-50%
## Fine-Tuning for Different Markets
While optimized for KLSE, the indicator can be adapted for other markets:
1. For US Stocks:
- Reduce KLSE Sensitivity to 1.5
- Increase Volume Filter to 75%
- Adjust Strong Signal Level to 18
2. For Forex:
- Increase Smoothing Length to 8
- Reduce Early Signal Threshold to 0.6
- Focus more on divergence signals than crossovers
3. For Cryptocurrencies:
- Increase KLSE Sensitivity to 2.2
- Reduce Signal Levels (Strong: 12, Early: 8)
- Use higher Volume Filter (80%)
By thoroughly understanding and properly implementing the Enhanced KLSE Banker Flow Oscillator, traders can gain a significant edge in identifying institutional money flow and making more informed trading decisions, particularly in the Malaysian stock market.
